Gold started the decade at less than $300.
We've got Seventeen hundred and fifty dollars today.
In that timeframe silver was three dollars and fifty cents an ounce
and I compounded annual rate of return is better.
Owning silver over that period of time than anything else.
I want to watch a silver just announced this morning that we have
become Mexico's, latest silver and gold producing company.
And we're producing silver and gold at the El.
Cubo mine in Guanajuato Mexico.
We wouldn't have gotten into this Venture.
Had we not been positive and bullish on the prices for the precious
metals, specifically with silver.
It's always going to be more volatile than gold.
That's, you know, that's just a historical Norm, but I think that as
Roommates around the world continue to destroy the intrinsic value of
all of the Fiat currencies and all the paper currencies.
Not just the US dollar, but the Euro, the one, the Yen British pounds
Canadian dollars.
As that happens.
The there will be more and continued strength in silver and gold the
underlying Commodities being gold and silver.
In this particular instance, hit a high last August and have been
declining ever since and in and
Environment like that, the equities always moved higher going, you
know, to the upside and our lower coming down.
So I think that that's important.
I think also, we have been in a roaring bull market for General
equities.
Generally speaking precious metals, Miners and precious metals
themselves.
Do not perform all that.
Well, with that kind of a backdrop, so I think we have that and then I
think, if you look specifically at at the silver Miner,
ETFs they contain a lot of the larger companies and are really, you
know, very, very focused into ended.
Let's say three or four or five names all of those giant sized silver
companies have all had their individual problems over the last 12
months.
So I think a certain degree of of the weakness can be attributed to
that as well.
Every government in the world is bankrupt and every government in the
world is going to have to start looking at more taxes at.
Well. They are looking at more
or taxes and how to how do they straighten up there their balance
sheets in the United States, you know, the the US federal government
has a big Advantage because they can print up seemingly unending
amounts of US, government treasuries and sell them to investors around
the world. Mexican government doesn't really get a chance to do that.
So they have to be a little bit more real if you will.
In terms of extracting tax revenue, I guess the
The other further point that I would make regarding that Michelle is,
is that there's geopolitical risk everywhere on the planet today.
When I look at Mining and the mining friendly nature of Mexico.
I would still rather do business there.
Then, you know, just about anywhere else in the world. I guess.
I'm not a huge silver manipulation, Guru, or believer.
What, what happens because silver is the price of silver is so
So volatile when it goes up, it's strange that there's very, very
little comment about how it's being manipulated.
When it goes down.
You get all this comments about being it being manipulated.
I will.
So that say this though.
I'm at, let me, let me switch it to it.
Just slightly less passionate metal.
Let's talk about gold for a second, you know, is the price of gold
manipulated.
So, there are friends of mine who like to say.
Well no, of course not.
Why? Governments, ever manipulate the price of gold and normally what I
tend to to say as well.
Let's let's get this straight for a second.
Our interest rates manipulated.
Yes, they are actually set in this world by federal government's.
Well, how about currencies?
Yes, there's currency intervention by its Central bank's all the time.
It's well-known.
Some countries, get labeled as currency manipulators and some countries.
Don't, that's a very political thing, but all of them are
Manipulating their currencies for better or worse in the marketplace.
Okay.
What about Equity markets?
Are they manipulated?
Well, the short answer is.
Yes, there are there manipulated here.
But to keep the the political end of things out of it.
Let's look at the equity markets in Japan.
There are huge tranches of Japan's largest companies that are now
owned by the Japanese Central Bank.
Is that manipulation of the equity Market?
I would say.
Yes, it is.
So we've got interest rates, currencies equities that are manipulated
by governmental bodies.
All around the world.
Is it such a stretch to think that gold?
And then maybe silver are manipulated as well.
They are direct competitors to the hegemony of the US dollar and the,
and the strength and had jet hegemony of the world's other large
currencies.
So it's not a big stretch.
For me to think that there are government entities that play in those
markets.
I think that it's an interesting analog to what we were just
discussing with with silver because simultaneously what we've had is
that is all kinds of different components to the to the the energy
Market restricted and constricted.
Just as we have an a whole bunch of new fresh demand for energy and
that energy is coming from from various various places, very sources,
the
And for that.
So I think in a very similar way you can have a constriction of silver
production.
Just as you can have it at the same time as having a large spike in
demand.
Let's look at it this way over the last 20 years or so gold and silver
have been the best performing assets on the planet and I thoroughly
expect that to continue.
I think that everyone every I think every that every investor should
have exposure.
To those markets gold started the decade at less than $300.
We've got Seventeen hundred and fifty dollars today.
In that timeframe silver was three dollars and fifty cents an ounce
and I compounded annual rate of return is better.
Owning silver over that period of time than anything else.
If you're going to set foot in the casino, you know, knowing that the
kids knowing that the casino has some manipulation to it at least
knowing that that
The case.
I think he go into the casino a little bit more.
Why die, than you know, better better able to address those big words.