I think you will see this asset.
So within the next two or three years for a very very high premium
because at the end of the day that's going to be what is worth
something. It's going to be what holds its value is stuff.
Like we are in a in an inflationary regime.
It is a bit different than previous ones, you know, a lot of people
brought an
Allergies between now and the 1970s, for example, you know that yes
history Rhymes.
I think is the best way to put it.
There is similarity but there's also some Stark differences.
We have a lot more debt today, you know, at all levels, really, you
know, national debt or Global that to even counted but also, you know,
corporate dead, personal dead etcetera etcetera.
So basically the world is swimming in debt and that wasn't necessarily
the case in the
So there's one Stark difference in any other Stark difference is the
dollar has diminished in its prowess, you know, in around the world
here especially recently and I think that's a profound difference.
You know, when you look back in the 1970s, when Nixon closed the gold
window effectively shutting off other countries ability to take
possession of gold.
Guess what it did, it strengthen the dollar.
I mean that
Was it, you know, it took a while but over the Long Haul by the
mid-1980s.
You can see the dollar was, you know, very strong currency.
But let's, let's talk about this for what it is right now.
I mean, this is an inflationary environment that I think is more
closely aligned with the ultimate demise or or will say ending chapter
of fiat currency the dollar in particular, but I think a lot of
currency I don't care.
What can nature nor
You know, current to you talking about, we're all kind of headed down
the same Primrose path here.
Now, you know, a lot of people say, well, what's what does it mean for
gold gold, you know every every day announcing gold sits in, you know,
in a Walter or whatever and some of these safe deposit box or
whatever.
It doesn't change in weight.
It's still an ounce of gold again.
Called gold is, is basically, you know, the, the that would hold.
I put it like the governor.
On an engine.
It's the thing that regulates, you know, value and I think we'll see
an increasing acceptance of gold to re-establish.
That really that role, it has in the fiscal system going forward gold.
If it goes to five thousand dollars an ounce.
Yay.
Okay, we're all rich.
Well, no, hold on a minute.
That means dollars aren't worth all that much.
So you can't you can't he get it.
Got to put a pragmatically but you know, if you really want to protect
yourself goals, a place to do it, but because and gold miners that's
where you see the upside.
There's some big difference.
I mean they were able to jack up rates and control things back in the
seventies largely because the US was the major superpower and Earth.
You could say well there was a Soviet Union.
Hold on a minute.
Now, the Soviet Union was actually in Decline and it was it
accelerated over the course of the 1980s.
Obviously fell apart.
So
Really the US was, you know, in the US dollar was a place to be.
Again. This is this is different this time.
Now, you know, through a tremendous amount of overspending at all
levels, were grossly in debt.
And what is this debt?
Well, it takes the form of these things called treasury bonds and you
know who's buying them.
Well, it used to be for a few decades.
Are you sad pretty consistent buying by, by foreign?
It's the you think that's going to be the case going forward.
I don't know.
I don't think so.
So who's been buying a more recently?
Well, okay the FED.
Yeah, the fed and US Banks.
Okay, but the feds just said, well, we're not going to buy so many
buns. In fact, we might even liquidate bonds that we hold right now.
Whoa, wait a minute.
So you're telling me that there is no buyer for a bun.
Why do you think yields have just broken at long term yields,
especially liquid.
Look at that.
The 30-year yield point.
It's broken out of the resistance.
This is like a four decade long resistance is now, broken out to me.
It's telling us our future.
Okay? In the future is, we've got to start, we've got to make some very
profound changes.
Okay, everybody on this planet, and I care of your American or foreign
or what everybody on this planet is going to go through an absolutely
profound period in time in history.
Over the next few years, what the ultimate outcome is, don't know yet,
you know, there's a lot of people jockeying for power and position and
political Sway and stuff.
But I would say that at the end of the day, you own gold.
You're going to be protected.
Okay, that is the best protection.
You know, somebody emailed me the other day and they said, oh my power
went off, and this person happened to be somebody who likes to dabble
in Bitcoin.
I said, well, can you use your big?
A coin and and of course, that was met with silence.
Okay, but I mean that just shows you like Bitcoin has its weakness in.
This weakness is the Internet working and there is electricity available.
Where is gold.
It's a little more safe.
You can put it, put it away.
There's it's not like there's an infinite opportunity here.
Okay. There's a very limited pool of super high quality assets around this
planet.
It's way more.
HR operon didn't make a million of these things made a few hundred
maybe a few thousand deposits around the planet that are of interest
to people.
Okay.
Blue Lagoon happens to have one of those and in this day and age, it's
scarce to find high quality, high, grade assets like this.
So, you know what?
This will be a highly desired asset.
I believe, I'm very confident as long as the expiration continues to
be successful, like it has been.
I think you will see this assets.
So, within the next two or three years for a very, very high premium
when I think about gold.
I look at human history and the production of gold.
This is very interesting.
Okay, if you look back to say the Roman period around the time of
Jesus, there was about, maybe 150 million.
People have memory serves within the Roman Empire.
This would be the greater Roman Empire and there was roughly estimates
of about 100 million ounces of gold, so that's about point six.
Six ounce per per human.
Take them.
If you fast-forward to the early 1900's, there was a bit over a
billion people on Earth and there was something on the order of six or
seven hundred million ounces of gold.
Now, this is about the time that had water Fran was found in other
major deposits, but you saw it, you know, again saw that same ratio
about points 6.7 ounces per person today.
Today, we have about seven point four billion people of if I
understand things correctly.
Maybe it's a bit more than that now,
but we have somewhere around.
I think the last I heard around 5.6 26 billion ounces of gold.
Okay. It's a little bit higher.
We actually about point seven point seven, two, shouts 2.75.
Maybe ounces per person on this planet.
Okay. Now will this trend continue?
Hmm.
I'm not so sure about that because at this point we are getting to a
place where people have basically scoured much of the Earth.
Okay? Finding high quality deposits.
Is not a common occurrence.
If you look at Discovery rates of say, 2 plus 2 million ounce
deposits, within the mining industry over the past decade, or so.
You can see that.
It's Fallen dramatically.
Now, part of that undercapitalization, meaning that there hasn't been
enough money spent, but a lot of that is a product.
The fact that it's getting harder to find these these big deposits.
Okay, so I don't think, I think if you came back here in you know in a
A hundred years and let's say the population is 11 billion or
something.
I'm not so sure.
We're going to be able to add all that, that goal that we need.
You know, we might be moving backwards.
I might be at a Tipping Point, now.
I I don't know, that's my view on things.
It's just plain dip, more difficult to find high quality assets, the
fact that gold would be five thousand dollars an ounce.
Basically, you know, the flip it around.
That means the dollar is worth much much, much less than it is.
The buying power of the daughter.
Well, we're heading there.
I'm not saying there's much that we can do to avoid it.
This point is rather heartbreaking, to see quite frankly in a lot of
people will suffer.
But that's, that's our problem.
Is that the fiat currency system is a breaks down, you know, look at
look at everybody.
Look at your comment, Joe, who live paycheck to paycheck.
This is absolutely going to be unbearable.
It's going to be very difficult to make choices around.
You know, what do you buy?
My food gasoline, get your home mortgage as prices go up.
And so when I say you don't want five thousand dollar goal, what I
mean is it's going to be very very devastating for many people as the
dollar falls apart or Fiat system falls apart.
And we have, you know, unfortunately a lot of social Strife as a
product of that.
Here's my advice from people.
Okay?
Use your brain.
You got
God give him.
Give your brains use it.
Okay.
Gold is an insurance policy.
All right, you want to protect yourself from this phenomenon with
that. I talked about, it was Fiat collapsed by some goal.
I'm not saying you have to take every penny you have, but by go, when
you buy an insurance policy, you know, on your house, you know, you
might be a small premium, every month, every month.
So instead, you know, like think of your Finance system, the
I'm way by a bit of gold, every month, as an insurance policy
computer. There's one thing if you want to take a chance and look mining
investing is Chauncey is risky risky you.
But you know, this is where the returns are invest in mining
companies.
Okay.
It is a way of investing in assets without actually, you know, having
to hold the assets.
But boy, the companies that do have all those assets are going to be
worth a lot of money.
In other, words are going to be, they're going to outpace the
Also value elsewhere.
Okay, the other thing, you know, look around your life.
What can you pull in in terms of assets, owned land own own stuff?
Okay, because at the end of the day, that's going to be what is worth
something. It's going to be what holds its value is stuff.
Right? So any exposure you can get to asset stuff stuff that hurts when you
drop it on your foot.
To it now.