This is the crack up boom.
And when it really gets nuts done again, is when the public at large
realizes that the FED is out of options that they are truly out of
options.
They can either sacrifice the dollar through inflation, which is the
path. They will take or blow everything up and there is no middle ground.
So when that happens, not only will.
You see the bond market blow up?
But you'll see the stock market beanie cap, and then people will run
not-not-not tiptoe.
But run to whatever precious metals are still left.
The first thing that I'd like to say about it is that you know, you're
dealing with a cost intensive market and if you listen to that
interview, I was fortunate enough to catch it.
He talks about the fact that it, you know, we need to to sell our
production in order to keep the company going.
It costs a lot of money in in energy, which is, of course, is
increasing and and in labor costs.
And and so you have
Continuing expenditures and costs and holding back production as Noble
as it sounds can be crippling to the bottom line for the company.
And and of course, the end results to the Shale shareholders, as well
too.
And and so, I think that while it's a very Noble, Endeavor, it doesn't
happen very often.
And when you see a company, like Endeavor withhold, when you see a
company, whole withhold, a million ounces out of 850.
Million ounces.
Annually produce that represents just over a tenth of a 1%.
It's spitting in the ocean and while it definitely sends a message.
I think the message is bigger than the effect than the net outcome.
It would take a concerted effort by a lot more than just one or two
companies to to really make a dent.
And I think that more, realistically, if it happened more with gold,
A large gold producers withheld their production.
I think it would be more significant in the respect that the I think
it would pull a long silver for the ride.
And I just think that it's it's it's an it's an issue where I wish
more companies would do it, but I don't think it will happen simply
because it costs too much to the bottom line to withhold silver and
unless they start withholding.
All of their production, not just 1 million ounces but all of the
production in concert with others, which I guess you could call it to
be collusion, which have a problem onto itself.
I think that it's Noble but probably doesn't amount to too much in the end.
Why not?
Just keep doing a hunger strike.
You do it long enough?
You die.
Well, that's the same thing with the business and so unfortunately
because it costs so much money to pull metal out of the ground.
Stays because when you realize and in particular in silver, remember,
we've talked about before, how it's found in nature in a form called
epithermal very close to the surface.
So the low-hanging fruit has been picked long ago.
So for companies like Endeavor and first Majestic, they need to pay
more money for properties.
They need to dig deeper explore further.
There's greater expenditures in energy.
And what Matt, the costs are are forever, increasing in this industry
and to withhold
Ian really creates problem to the bottom line.
And so I think that yeah, I wish more companies did do it and
certainly they'll gain notoriety for doing it and maybe more will
follow suit but in general, I think that it's novel and it's admirable
but I unfortunately don't think it's going to have a huge impact other
than the gain may be to gain recognition and and every bit of light.
Upon what is a manipulated Market?
It's good.
It's important.
And I think that little by little, the word will get out there and,
you know, the only way to manipulate the market over time as to push
it in the direction that it is going and for a very long time.
It's been easy for the banks to hold back the price of gold and silver
because no one noticed it and maybe more types of accents like this
that we're seeing from Endeavor.
Hopefully will gain a little
A bit of traction and notoriety and we'll see a light Shone upon.
What is, I believe that the value proposition of a generation and that
is silver and the price doesn't make sense.
It's crazy that it's just barely 23 bucks or what not and you know, it
should be it should be much higher if you just took the 7 to 1 ratio
where it's coming out of the ground right now.
It's 7 to 1 and divide it by gold.
Right now. You're at 260 dollars, silver.
So someone said you silver should be $260.
Don't laugh at them.
That's very actually conservative.
And that is what the geologic ratio in the ground.
Right now globally is telling us the price should be and instead.
It's roughly 11 times under that.
And you could argue that gold and so our silver and its relation to
gold as 11 times undervalued.
When you realize that, you know, everything all Commodities and
And in particular oil is, you know, rising at levels, not seen in the
long time.
And yet what the end result of what you're pulling out of the ground
has been suppressed for so long.
It makes it that much more difficult just to keep the lights on, let
alone the withhold production.
And so I think that's a very good point.
You raised at the same time.
These mines are not found down the street.
They're always in remote areas that take a good deal of time and
effort.
Not only to get to but two to get your Machinery to and to have your
Machinery serviced and get fuel to.
And I mean, there's it's a very large production.
So kudos to Dan diction and kudos to keep neumeier for Having the
courage, the courage to in their own way, stand up.
And I think that's really what they're doing is, they're doing their
own little hunger strike, and the more, the more we can publicize it
and talk about it.
And and thank them for Having the courage to stand up to what is an
overtly suppress Market specifically so that you know people don't see
the Frailty of the dollar and the US Equity markets, the Western
markets.
It's admirable.
I would only hope that we would see the spillover into the big gold
producers and I think you would start to see some traction because I
just think there's some some you
Start to see it on more of a mainstream awareness if the large gold
producer started withholding production into the market.
And but you never know you start somewhere.
And I give these guys credit, but unfortunately, I don't believe it
will have much of any impact on price.
But maybe it's the beginning of a trend that will see where more and
more producers will at least talk about this acknowledge it and do
what they can to combat, you know, even just standing up and speaking
to the media.
And saying what's happening?
Isn't right?
Goes a long way, and this is going a little further and I give them
Kudos, and, and hope it's the beginning of more awareness.
If nothing else to just what's going on in this industry.
Well, the cure for low prices are low prices and, and the cure for,
you know, no production.
We would hope would be more production as prices grow higher.
But I mean, this is a, this is a vicious circle.
If they don't produce, they go out of business.
And so that's really the bottom line.
And and I think that we just have to hope for some sort of Awakening
where the price is set free.
And you've issues won't be.
We won't even need to discuss these issues.
But for now, I like I said, I have all the admiration and respect in
the world for for Dan and I think that it's people to show their
gratitude, go out and buy a few share.
Heirs of Endeavour, go out and buy a few shares, of course, Majestic
show your support that way.
And, you know, don't be afraid to talk to people about this and tell
them what's going on and get the word out there.
And the more people that wake up to the value found in precious metals
and as it relates to, what's happening to the u.s.
Dollar.
At the same time.
I think the greater the likelihood that we see this Depression start
to break and and
Grab that certainly I think a good place to start.
You know, we have a 30 trillion dollar debt right now, which is 25%
larger than the entire US economy.
And I just don't understand how more people are waking up to this.
So let's just hope that the courage that Dan and Endeavor has shown
skills over into into into more of the marketplace and a greater
awareness at large people view debt from
I'm a household perspective.
It's about a household has a finite lifespan where the government's
lifespan is indefinite.
So governments, never really need to repay their debt within a finite
period of time.
It just can roll over their debt indefinitely.
This is actually coming out of the Federal Reserve Bank of st.
Louis.
The one on to say that treasuries represent a claim on US Dollars on
because the US government can just print dollars.
There's never an economic reason for the treasury to even ever think
of defaulting on its promise to pay back in dollars.
And that the national debt constitutes liabilities that show up as
asset somewhere else, like, your pension fund or your insurance
policy.
This is not a burden on our children.
He said it's just corresponds with an increase in household wealth,
because it's a debt to the government, but it's an asset to the
public, the lunacy coming out of out of our government.
And the Federal Reserve is
Is so extreme that they're creating all of these this Miss allocation
of capital.
This is the crack up boom.
And when it really gets nuts done again, is when the public at large
realizes that the FED is out of options that they are truly out of
options.
They can either sacrifice the dollar through inflation, which is the
path. They will take or blow everything up and there is no middle ground.
So when that happens, not only will.
You see the bond market blow up, but you'll see the stock market
because Recap and then people will run.
Not not not tiptoe, but run to whatever precious metals are still
left.