The people who have those digital dollars and that dot that Dollar
Cash which is rapidly losing, its value are going to want old and
silver big time when the time comes and there's not going to be any
around and one really important caveat here trying to time this kind
of thing. If you're trading, it is impossible Because by the time it becomes
obvious that something is happening.
It's too late to make a favorable trade, you know, all the stuff you
wanted to buy is just priced out of your reach.
So you kind of have to prepare ahead by taking positions that may not
work out right away.
So that you're there when they do what workout now, having said that,
there's that old quote from Hemingway of about a friend who went
bankrupt and Hemingway asked him how he did it.
And he said well slowly at first and then all at once and that's
probably the way it'll go in a lot of financial markets now, including
the foreign exchange.
Is markets including the dollar where we are now in the kind of slowly
process here, where, you know, the dollars losing value at an
accelerating rate, but still not in a disorderly way, but the time
might come when, you know, you just wake up one morning and something
happened out in the world and all of a sudden, there's this huge
discontinuity in the foreign exchange markets and the dollar has
tanked and you can't know when that's going to be because it depends
to an extent on, you know.
Politics and decisions that haven't been made yet.
I important people out there in the world, but it's highly likely that
it will happen at some point, just because we're taking on debt and
accelerating rate were inflating away, our currency at an accelerating
rate sooner or later that becomes parabolic.
We're just falls off the table.
No, idea.
When could be next year, could be 10 years from now, but since we're
heading, that way, that should inform your decision making with your
own finances because you want to be
You know, you want to be flowing with the tide of History rather than
standing against it and the tide of history says that the fiat
currency experiment has failed and its failure will be recognized by
everyone pretty soon.
We don't know what exactly but that failure and the recognition of it
is is going to be Front Page News eventually, so you want to be set
up. So you benefit from that instead of really suffering from it, you
know, there's no way to know that but it's possible that it becomes a
trend.
And if it does, that's great for gold, obviously, and it's bad for the
dollar, which gold would be replacing in global trade.
The other thing as regards, the comex, you know, we saw the London
Metal Exchange, just melt down, not too long ago with nickel where the
price of it went up.
There were a lot of shorts that were going to blow up if they had to
make good on their short contracts and the LMA just cancelled all the
his trade.
You know, so, now all of a sudden people don't trust the metal
exchanges of the world, the way they, maybe once did.
And so, it's completely possible that we see, something like that in
other metals, or in other Commodities, and if it becomes a thing, you
know, something that happens fairly frequently than that means.
Nobody wants to to have big exposure on the exchanges anymore, which
means they can't play the paper games.
They've been playing to suppress the price of a lot of, come on.
Oddities out there and, you know, gold and silver are the main victims
of those paper games.
So you take away the ability of the world's big Banks to short gold
and silver at 4:00 in the morning, you know, New York time and, and
just hammer it down to chase people out of their long positions.
If they can't do that anymore, and the physical trading of gold and
silver, determine the real price, then that would be good for them to,
you know, the price would probably have to go up quite a bit in both
of those. pedals to reflect the fact that physical prices are just naturally
higher than the paper prices that you see out there, tightening
monetary policy, you know, in a world of very big story that might be
the biggest story, because the the FED is spooked by the inflation
that we've seen and there were all very painfully aware of right now,
and they're making noises like they're going to tighten aggressively
which is very unusual because they've learned the lesson, you know,
we've had kind of an
Operant conditioning program.
Going on for a long time where the FED tries to raise interest rates
just a little bit in the financial markets collapse.
And if it takes it all back and goes back to easing, and they're
behaving like they're, you know, they're not going to play that game
anymore.
And that they're really, really going to tighten and it's going to be
several hundred basis points and trillions of dollars taken out of the
fed's balance sheet.
They these are the things they're saying and interest rates are going
up. Accordingly.
The 10-year treasury now is, is it?
10.6 percent yield versus below 1% in the very recent past, you know,
meanwhile mortgages they were 2.5% for 30 year mortgage pretty
recently and now they're above 5%.
So interest rates are going up which runs the risk of choking off the
whole leverage speculating Community, which is basically the whole
world right now.
In other words, anybody who's, who's long tech stocks?
Anybody who's thinking about buying a house, you know, people like
that are going to
Going to be affected dramatically by Rising, interest rates, so we
could easily have a stock market crash.
That flows from rates going up a little bit more from here, you know,
won't take much to Spook the stock market and the question then
becomes. Well the fed put up with that and they're acting like yeah, they're
going to let stocks tank in order to reign in inflation.
And if so, that's a situation that we have not seen since 2008 2009,
you know the Whole Decade Plus
That we've lived through since then has been easy money.
And if we're going to see suddenly Tight money stocks in particular
price for Perfection are not going to behave.
Well, yeah, all the big government's now because they technically can
do it have decided to set up Central Bank digital currencies, which is
basically Bitcoin run by the fed and the idea behind it is
simplification and efficiency at least on this.
But behind that is a total loss of privacy.
Like you said, you know, if you if you do away with cash, which you
have to do with a digital currency system, then everything you do can
be tracked and you have no Financial privacy and and you can be
controlled because the governments of the world will be able to, for
instance, block, your bank account from being used to buy certain
things or to make political donations to certain people.
We saw that in Canada right now, you know, that's a glimpse of the
future.
And it can also, your bank account can be used to force you to spend
by putting a, like a, an expiration date on the currency, that's in
your bank account.
You know, if you don't spend it, you lose it.
They have that power over you and they love that idea.
But as far as inflation goes, as far as the value of a central bank,
digital currency goes, no change.
I mean, the, the digital dollar still, the dollar is still depends on
supply and demand, we're still creating way too many of them.
So the supply is going to be such that it
Forces the price down at some point, so that doesn't stop inflation.
You know, that doesn't give governments any control over the value of
their currency.
It just gives them control over the users of their currency.
So, in that sense, we should not like that Trend, you know, that's,
you know, that that's a step in the direction of a global dictatorship
and we should oppose it and you oppose it by, you know, hoarding cash for now.
Some cash and lots of gold and silver to transact in and and getting
to know crypto
And seeing if they would work for you as an alternative, although
governments are going to try to put a stop to that pretty soon.
So that that is a subject for a whole show, you know, the the
political implications of governments trying to control cryptos.
But yeah, they're going to do the digital currency thing.
That just makes the case much, much more strongly for gold and silver
because those are the things you can transact in in privacy and with
inflation.
Ian being what it is, and going where it's going forms of money that
hold their value or beginning, or going to become more and more in
demand going forward.
So, you know, one of the questions with for instance, silver coins is
well, how am I going to spend that?
You know, when the time comes and the answer is it's going to be
really easy because everybody's going to want them.
So you're going to be able to trade them for real stuff on extremely
favorable terms because the people who have those digital dollars and
that dot dot dot
Hash which is rapidly.
Losing its value are going to want gold and silver big time when the
time comes and there's not going to be any around.
So if you've got some by the way, don't advertise that, you have a lot
because that makes you a Target, but if you have some, you know, if
you're at the farmers market and you pull out a, you know, a silver
eagle or something like that prepared to be sad to get all the fruits
and vegetables that you're going to need for the next couple of weeks
easily from some really grateful farmer.
And it's the same thing with gold coins.
If you want to buy a used car, you know, if you've got a Krugerrand,
you're going to be able to get a used car very easily when forward.
So, so the digital currency thing, it makes the case for gold and
silver and, you know, creates a conflict at some point in the future
between governments that want to control us and people who don't want
to be controlled.
But along the way gold and silver will get a lot more valuable and
these digital currencies will get a lot.
Less valuable that, that's pretty much baked in the cake.