The provide some color, you know, I think that really demonstrates the
historical value of something like still, you know, I think that
silver really needs to really needs to re rate.
So, you know, it's you've got things that now there's supply chain
issues are hitting everyday consumers and of course that, you know
taking that thought to the next level.
Love I if I need a new car and I don't think I can get one, you know,
right away or I'm worried.
I might not be able to get one anytime soon.
I'm going to do whatever I can to buy one and now.
So of course thing that is used cars that, you know, are really hard
to find especially in certain parts of the US and certain parts of
Canada.
So just, you know, the everyday consumer is getting really affected by
these supply chain things.
But how does it in fact, how does he know these issues like these
bottlenecks in these ports effect Commodities, you know, specifically
mining companies who provide the supply
A of these metals that are just so necessary for basically all facets
of our economy.
I'm not even silver specifically.
But, you know, even say copper say gold, you know, pick any of the
metals pick oil Liebman, you know, when all of the supplies that are
in mining equipment and and very high technology, things that you need
to actually keep mines producing and keep Commodities, you know that
commodity flow going when you can't get the supplies you need, when
you can't get like, I don't know.
Lil bits or pick anything that can really shut down production.
It starts to have a huge effect on that supply.
And you start to think about shocking Supply which to specifically in
the silver market, I mean, silver is already been in in supply-demand
deficit, for the better part of the last decade.
So I mean, we're already producing less than we consume and and you
know on Surface supplies are really starting to dwindle.
So you know what?
Side of that story, you know the supply chain thing, you know, it's
almost like it's almost like back into financial crisis when there was
a bunch of toxic debt, you know, and that toxic bed is like a
contagion.
Well, these supplied these two by side issues are like a contagious,
like a contagion that Cascade down the economy all the way to people
like you and me where we can't buy a new car when we want one, right?
So it's quite concerning to say the least, the two big things that
people like AOC or really banging the drum on
On with this green movement, of course, is Evie's, electric vehicles
and solar panels and and those are great new technologies that are
really going to have.
I think a positive effect on the way that we live our lives.
But they talk about transitioning from gas-powered cars to
electric-powered cars, a hundred percent electric-powered cars,
sometime in the next, you know, 20 years or so.
Is that's the being ambitious goals that they that they take.
Well, I'll throw some numbers at you something.
Around the world.
There's something like 90 million cars produced every year of those 90
million like five to ten million.
It's probably closer to 5 million.
Our TVs for n't consumption of silver right now.
Just for those 5 million EVS is about a hundred million ounces of
silver, a year, you know, while so five, five million cars at a 90.
So globally, silver production is somewhere in the neighborhood of 900
million ounces.
So nine times that that hundred
Ian that's getting used in Eve's right.
Now. What if instead of producing 5 million movies a year, we produce say,
you know, a hundred million Evie's a year.
You just take just to keep things simple.
I mean, that's 20 times the amount of silver.
That's two billion ounces of silver, a year going into Evie's, and
when we only produce 900 million ounces, right, so something has to
give their right now.
There's just not enough Supply right now, to that's going to make up
that demand.
And of course, you know, what happens in that situation and not
worrying about
You'll be inflation things or the price manipulation that's going on
right now in the precious metals Market just from a supply-demand
fundamentals perspective.
You know, I think that's silver really needs to really needs to
re-rate.
Yeah, you know, I think right now, you know, we must be getting quite
close to the breaking point, you know, if it's my general feeling is
that it's months away and not years away, but when the bull markets
get started in Commodities and precious metals often times, they lost him.
Right?
So I think we saw a real
What could happen?
We got a real tease of what could happen last summer.
The summer 2020 when silver went from the low teens to about $30.
An ounce very briefly before before being knocked down by paper,
traders in concentrated short positions, but that's a different topic.
So, you know, I think that in terms of timing, you know, it's I feel
like we're on the cusp for sure.
Financial Independence, you know, is also an important, you know,
topic that you talked about a lot, right? But!!
Leading into choice of where to look, well, the US and Canada, North
America.
We are blessed with resource wealth, that especially lately.
It's like were embarrassed to develop, you know, for what for whatever
reason.
But if you there are exceptions to that and and one of those is the
state of Nevada, which every year ranks either first, second or third
as a - mining jurisdiction from an investment perspective their
Nevada, if it were a country
We would be the fourth largest gold producer in the world.
But of course and a lot of people go all by Canadians, don't know
this. But I'm sure you've heard this is that Nevada was originally known as
the Silver State.
And that's and that's because of these two famous Wild, West mining
districts, that really helped shape the Western u.s.
In the late eighteen.
Hundreds in early nineteen hundreds.
Well, you know, I just to keep things really simple.
Here. I'll throw some simple numbers at you and let's assume,
That we, you know, we like where the precious metals are going do to
and the inflationary pressures and all the insane quantitative easing
that's, you know, can never stop and to quote Brian's lose our check.
It's like a freight train, right?
Which is, which I think is a really good analogy.
So let's say that, you know, we like Precious Metals.
Well, if you look at historic precious metals bull markets, silver
tends to outperform gold and that's because there's all this
industrial man to which is now only going to be
fide by EV and solar panel demand, but you know, let's go back to a
time before that.
You know, the manipulation was really rampant right.
Now. This silver to gold price ratio is somewhere in the neighborhood of
71-75.
One, or I should say, the golden silver.
Price ratio is somewhere in the neighborhood of 75, 2 1, historically.
That's been 15 to 1, but I mean, that's just part of it.
So you could start to see it, normalize back to that.
Towards that, which right away, I think would mean a very very much of
a re-rating from Civil War, you know, into the triple digits.
But taking that a step further, you know, silver produced two gold,
you know in the ground is more like seven to one.
So it's my thesis and it's my strong belief that you know, silver is
very undervalued relative to Gold by gold itself is very undervalued
due to all of the, you know, the inflationary pressure going on right
now and you know, it is the
Granddaddy of all currencies has been a currency for five, ten
thousand years ago, since the beginning of time.
So, you know, for me, strategic is mine and I think it's our, I think
silver is our strategic Advantage.
Gold Drive is a silver arises when copper arises gold and silver eyes.
When oil Rises gold and silver rides soon after that.
And it's an interesting just to make an interesting point.
I mean gold right now, oil, right now is really quite strong and I
never bet we're up to $75 a barrel.
Probably still a long way to run, but I just see a really good setup
for a lot of communities, silver and gold being part of that for sure.
But but well, let me put it to you this way, in terms of, you know,
striking that balance between industrial demand and investment demand
as a currency, you know, there's this saying, and I don't know where
to attribute it to, but I think gold is the money of Kings.
Silver is the money of gentlemen, and debt is the money of slaves.
So,
You know, it's something just to just to provide some color.
You know, I think that really demonstrates the historical value of
something like still there.