I believe we will see a continued expansion into the mainstream a
realization for most people who haven't realized what's happening yet
Before this is all said and done.
You will have to literally be underneath a rock to not notice the
value, and the importance of owning precious metals when this whole
system starts to break apart.
On top of all the quarter, ounce Noah's arks, and most of the 1 oz, 70
thousand ounces used to last a long time.
Now, it lasts less than a week for five days.
And I think this is emblematic of a growing interest.
Amongst the Main Street.
We're seeing more and more people enter into this market and they're
all looking for silver and used.
Be that no one really bought silver, most of my career, the business
centered around purchasing of gold.
And in looking at the numbers, over the last two years, which have
been record volume, 45 times, normal volume, over the last two years
over, 95% of every single order that we've done.
The last two years, has been comprised, completely of were a portion
of silver, and it's becoming very difficult to keep product in stock
because really, as I've said over and over and over again, what defines a
precious metals bull market, is the fact that your motivation is
centered more around concern rather than it is profit.
And when you look at traditional Investments, you're often told to
play with the houses money, when you make a profit, sell some leaves
of them on the table, play with the houses money reallocated, do
something else, but that doesn't happen here.
No one wants to sell anything right now done again, and it's been that
way for
The air.
So you certainly have to work harder to keep Supply rotating in and
out. And those 70,000 points.
We bought were from another dealer who bought more than he thought, he
could sell.
So fortunately, we have good relationship.
Not just with the big distributors in the men's but also the network
of dealers who I've known for three decades, some of which oftentimes
have extra excess inventory to sell, but even deals like that are
becoming harder to get, you know, you'll
look at things like The Call of the Wild series that are so popular in
from the Royal Canadian Mint, both gold and silver.
You cannot find them was to save your life or some of the specials
that came out of the Perth Mint.
The saltwater crocodile, or the funnel web spider.
These are coins that, you know, I used to love to tell people to buy.
They were limited mintage and but we could always find them.
Can't find them and you're beginning to see that.
Now, with more common stuff, even my gold krugerrands are becoming
Really really hard to find and you know, I know I keep saying it, I
sound like a broken record.
I believe we will see a continued expansion into the mainstream a
realization for most people who haven't realized what's happening yet.
When there is a realization and often with the public, the realization
to do something is after the move has been established, far too late
for to have a meaningful impact.
When that realization happens.
This is my mind's eye as when I see.
Everything blowing up when, what is a very difficult environment to
Source product?
Now when it's just all of us, when you see all of us, plus all the
people out there who you've been wanting to help yourselves out of
nobility, going to help my friends.
I'm going to talk to him about it when they come back to you and say,
where did you get that?
Gold? Where did I?
Why didn't I buy it?
That's when it will become impossible to find.
So I know I sound like a broken record.
I know I sound like a little boy who cries wolf but one.
Look at or make a statement.
I'm thinking in my mind's eye out into the future and I've always had
a curse of being way early, but it's better than being 60 seconds.
Late that I can promise you done again, and that's where the things
that I've talked about regarding Supply eminent from because I do
believe before this is all said and done, you will have to literally
be underneath a rock to not notice the value and the importance of
owning precious metals when this whole systems.
Parts to break apart the here.
Again.
This is why I try to underscore and and put an exclamation point after
the fact that this is wealth.
So, you know, there are some, as an example.
There's a young man who helps me out at Miles Franklin who, you know,
Justin.
And when I hired just and I went, I made him basically adhere to the
same Mantra that I did.
When I started this company, 31 years ago with my father.
I said, you're going to buy something over two weeks.
You're going to hear from me.
I make them do it and I'm ingraining.
The fact that this is wealth.
I don't care if you have a problem with the Justin, if you're
listening, you buy every two weeks, you put it away.
It's not an investment and its wealth.
And that's what I want to say to everyone out there.
You know, I put my money where my mouth is 100%, And I take great
comfort in a period of great uncertainty, in a period of time like no
one's ever seen.
You won't talk about uncharted waters.
We are so far deep.
And Uncharted Territory that, I think falling back on 5,000 years of
historical.
Wealth is the best is the best approach.
And that's kind of where I come from and everything that I talk about
all the way up to the fact that I believe Supply will disappear.
Because people will realize when things really get scary.
The FED, really does follow through with their threat to taping.
If things really did, get that bad and rates, Rose in the market
started to tank there.
A massive illusion like that.
Oh my God.
Why didn't I listen to Dunnigan?
Why didn't I listen?
Why didn't I buy that stuff?
And that's what it all disappears and it's because they will run to wealth.
They're not all trying to get wealthy at that point.
They will realize it is a life raft in a sinking ship.
Yeah, and they're and they're doing so before the public catches on I
guess one of my one of the Mysteries that I you know, I live in a in a
country club in, there are a lot of there are a lot of people here who
have done well for themselves.
Elves and there's maybe two people.
I've met everyone asks.
What do you do?
What are you doing?
And there's two people, I met that I've had what I would consider to
be meaningful conversations about precious metals.
One guy actually had one of the finest collections of silver, half
dollars that have ever been graded by PCGS.
It was a very interesting conversation, but most people still believe
the road to retirement is paved with mutual funds and stocks
certificates, something crypto also, but goal.
Silver are still way out in left field and which befuddles me.
I just don't understand it.
And that's again.
Why I think we as a community have been able to continue to have
product to sell and offer and accumulate because there's been so much
money accumulated over the last few years in this case shaped
environment where because of the feds policies, the assets that
everyone holds home or homes, their real estate, their equities have
Gone to the Moon, their bonds, the moon.
And and with that environment, you would think that people would want
to preserve some.
It's proven that it's much harder to keep your money these days than
it is to make it for the very very wealthy as they're all of their
assets have been appreciated so dramatically, but if there is that
realization, there's so much money out there fifty percent of every
dollar we've talked about ever created history of the country.
As two years, 20 months, if just a little bit of that money comes into
this area.
That's where all of my thinking comes into play, where gives won't
find anything that we've talked about for, you know, one large
investor could clean out the industry.
I mean, it really could someone who's sent a millionaire could pretty
quick start to disrupt this entire industry, few hundred million
dollars, and it would be difficult to get anything from anybody.
The next day I can tell you that as a company yesterday.
We did north of 260 orders.
Now. This is we're not an online company.
And so, you know, it's one thing to click 260 times.
It's another thing to have 260 conversations that lead to
transactions.
And so that's a very big day and especially if you were to annualize
that out, you know your document, what eleven twelve, thirteen hundred
a week.
I don't 5-day week times 52.
I mean, you're talking a lot of transactions and that's how things are
disappearing.
Is that more and more people are waking up to this and looking for
ways to preserve and which again just needs to Bear mentioning that
this is not an investment.
This Is wealth and I think more people are looking at gold and silver
as wealth less as an investment and that's really the foundation.
I think that you need to look at this about because of then directs
you in the
Place, you're not looking to buy a high-grade numismatics.
You're not looking to make a killing.
You're not looking for a rare stuff.
Yeah, if you've been doing this forever, that's that's great.
The cherry on the sundae is great.
But what you should be looking at is accumulating wealth,
non-subjective liquid wealth, in a period of time when the currencies
of the world are rapidly being debased and with no sign in in sight,
no, sign of that ending in sight.