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This file was generated by Descript
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Hello, everyone.
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It's Michael Jaco with
Unleashing Intuition Secrets.
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We have the man, myth, legend,
Dr. Kirk Ilie back with us again.
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And it's on everybody's mind, when
is this logjam gonna break and this
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silver's gonna go blasting higher?
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When is it gonna happen?
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What do you think?
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Okay, that's the bajillion
dollar question, right?
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I know.
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If it's
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that- Yeah … you would
be a bajillionaire.
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Yeah.
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So I think the logjam is about to break.
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So I'm not just saying it.
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So if we look at Goldman Sachs.
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Okay, what did Goldman say two days ago?
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So tariff uncertainty is pulling
critical metals into the United States.
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So you look at what's happening
with some of the critic- So months
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ago, Trump puts together the
critical minerals list, right?
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And they're going to protect it and JD
Vance is getting out there talking about
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how we're going to put price floors on
some of these critical minerals, right?
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So I've heard some podcasts over
the last couple of days that- Are
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just insanely stupid ideas, right?
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So they're thinking, "Oh, silver's gonna
go back to 1950s levels because it's
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on Trump's critical minerals list, and
the DOD needs it, and so they're gonna
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drive the price down to 1950s levels."
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It's like, okay, this
is a stupid idea, right?
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Because what is the opposite
of what the administration
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has been saying, via JD Vance?
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It's like we're going to put
price floors on these things to
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help the US manufacturers, right?
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Because if these minerals w- they
need to be manufactured in the United
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States, not in China, not in Indonesia,
not in all these other places, right?
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So some of these podcasters are
saying… And I've had-- The reason I'm
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bringing it up is I have had numerous
clients call in like the last two days.
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So somebody's saying
something crazy, right?
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So it's like what they're talking about
would be more of a price ceiling, which
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is what Mamdani is doing in like New York
with rent controls and whatever, right?
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That's absolutely communist.
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You don't want to do that when
you wanna bring manufacturing
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of these critical minerals back
into the United States, right?
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You want to boost the levels
of the floor to encourage the
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manufacturers to manufacture, right?
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So here's where there's a lot
of uncertainty that's starting
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to happen because of the Iranian
conflict, because some of the
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negotiating tools that Trump is using.
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Now, Goldman is saying that
there's tariff uncertainty.
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So what's starting to happen is
things like silver, copper, platinum,
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palladium tungsten, whatever,
coming back into America to roost.
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They're bringing it back,
building up inventories.
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So there's something really
interesting about this.
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I heard somebody who doesn't actually
understand economics, that pretended
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to be an economist say this is going to
drive prices down because now there's
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more supply." It's like, hey, you
don't really understand how the markets
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work because Comex is more paper.
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The physical markets in gold and silver
are actually done through London.
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So if inventory is coming into America
it's leaving the world where it's needed.
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So Samsung, Sony, Tesla, wherever
else, they're buying it through London.
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That's where the physical
markets really flow through.
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So it's coming back here because we
need to control our critical materials.
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We need to have possession of them.
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We don't want some rogue foreign
nation who might hate us have
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control of those critical things,
which is why Trump put them on the
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critical materials list, right?
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So what this is now starting to
expose is These are coming back home.
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It's taking supply off the market.
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So in essence, that's lower supply.
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Demand is still high,
so prices go up, right?
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So what this is going to cause is
so eerily similar to late '25 when
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there was lack of inventory in London,
lease rates went through the roof,
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there was supply shortages, and what
did we see in the price of silver?
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It went up 147% in 2025.
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But really the majority of that move
happened in December and January.
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It was bonkers, right?
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Silver went from 70-something
dollars an ounce to 120 in six weeks.
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So not saying that exact thing is
going to happen again now, but what
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I'm saying is the foundations are
starting to look exactly the same.
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Literally, almost eerily similar.
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So what's going to happen?
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Something eerily similar.
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Prices are gonna go up higher and
faster than what we expect them to do.
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So I look at this as a positive.
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Now Goldman also said a couple of
days ago, this is scope for another
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volatility cycle in the metals.
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Because when there's volatility,
why is there volatility?
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Because there's uncertainty.
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Why is there uncertainty?
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Because you don't know if there's going to
be supply, and you've got forward selling
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that's been done for months for the big
manufacturers to get their materials.
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What if it's not there?
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What if it's not there because
metals have been coming here?
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This is just a crazy setup, where…
i'm seeing the comments on the
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screen, where the people who've
been manipulating these markets for
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so long are going to be exposed.
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It's like the emperor
has no clothes, right?
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And then it's starting to unfold.
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So it happened at the end of '25.
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It's going to ha- I think it's
going to happen all over again now.
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You can't do this too many times without
the system simply having to change, right?
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So when you look at how the system
is changing, Michael, you know
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that London and the West have
been manipulating these markets.
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You've got these naked shorts,
and you've got all this futures
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selling, and COMEX is a paper market.
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There's hundreds of ounces in paper silver
for every one ounce of physical delivery.
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So people don't like that.
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People are starting to wise up to this
isn't necessarily safe when we ultimately
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want physical delivery and it's not there.
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So what is China doing?
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So over the months, China… actually,
I should say years, but really over
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the past few months it's accelerated.
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They are building a global
network of depositories-
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Yeah … to store their metals.
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So Hong Kong, Shanghai, Dubai, right?
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All these BRICS nations
depository system, right?
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So why is this starting to happen?
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As, as countries now are viewing the
West as not the custodian that they want
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for their metals, because Biden stole
Russia's metals at the beginning of the
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Russia-Ukraine conflict, is using it as
a political weapon, just like they're
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using the dollar as a political weapon.
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Which I'm not saying that's not
wrong in economic warfare, right?
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It's like it's what you do.
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If you have control of something, you're
gonna use it to try to defeat the enemy.
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But the rest of the world looks
at that and says, "Wait a second.
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We don't trust that we're not going to be
the recipient of this economic warfare.
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We want to repatriate our metals.
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We're bringing it home." So this has
been happening in Poland, happening
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in Germany, happens in Russia, but
some of these countries, it's going
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past London or past their own homeland
and going directly to Asia, right?
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Why?
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Because they don't… They're not
allowing some of the manipulation that's
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been happening in the paper markets.
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The… it's a much more weirdly
China's gonna be much more transparent
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in their metal storing and what's
allowed, and is there naked shorts,
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and there's all this leverage, and
there's all these paper markets.
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They're not allowing some of this stuff.
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Not all of it, but some of it.
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And people who want their metal stored and
want a clean exchange are voting for that.
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From a communist country.
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This is how bad things
are out of whack, right?
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So the West is losing power.
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As the West starts to lose power, and I
would include London in that in the West.
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Yep.
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That's lower supply.
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The, the world is changing.
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And if you wanna see where power
in the world is going, look at
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where gold is headed, right?
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So I look at this and it's like, man,
there is a lot of things that are
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changing right underneath our nose.
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And you don't have to read too much into
Goldman Sachs' analysis to say they expect
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volatility, they expect uncertainty.
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They don't know what's gonna happen with
the tariffs, and so therefore people
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wanna pull their assets out of the system
and put them where they're safe, right?
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So we look at this, it's like all
this is gonna be lower supply.
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It's lower supply, which means
prices are going to go up.
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Now, that's the here and now.
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Looking forward into the future,
I'm seeing a, an entitlement time
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bomb that's just ticking, right?
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So and we've talked about this numerous
times over the past couple of years,
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which is- We've got a graying of America.
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When you look at the demographics
of America, the baby boomers are all
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getting older, and there's, because of
a low fertility rate in America, there's
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fewer people working to, to pay for
the, burgeoning entitlement time bomb.
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People are wanting Social Security,
Medicare, Medicaid, right?
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Social Security to me
isn't an entitlement.
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It's just a mandatory payment.
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People have paid into it their whole life.
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They should get it, right?
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But now, just yesterday, I'm reading
comments of there has to be some kind
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of Social Security reform," right?
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"We're gonna have to maybe
raise the retirement age so
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we don't run out of money."
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It's okay.
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So this is exactly what happened
in France, like over a year ago.
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People overpaid in taxes their whole
life into a socialist nation, so why?
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The government could take
care of them in retirement.
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And then they get to retirement
in France and say, "Sorry gang,
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we kinda ran out of money.
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So we're gonna raise the retirement age
from 72 to 75," or whatever they did.
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So then that happens, and what's the
next austerity measure that comes in?
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We're not, s- not gonna pay you 100%
of the benefits that you're used to.
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Maybe we'll raise the retirement
age and we still don't have enough
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money, so we're going to reduce
your benefits down to 80% or 50% or
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whatever it takes to keep it afloat."
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So we've got this demographic change
where fewer people are paying taxes
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into a system where more people
are getting retirement benefits.
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So this is why Trump has had such
serious political headwinds over
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the years from politicians who
want to use public money to pay for
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these entitlements to get votes.
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How does Trump wanna get votes?
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By increasing jobs, right?
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By getting people working,
getting people spending, getting,
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companies profitable again.
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So how do, how does the left basically
say, "How do we get more people in here
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working?" How about an open border, right?
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So this is part of the border crisis,
and, there, there's now a term for it.
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Something we've been talking
about for years on and off is now
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called replacement immigration.
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There's actually a word for it, right?
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And this is not just something that's
happening here, but every single country
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that has open borders throughout the
world they're having this replacement
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immigration come in to get people working
where fertility rates are low to pay
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for the older aging population that now
is in receiving mode during retirement.
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Good point.
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And this is a problem.
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So why is this a problem?
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Because governments can't afford it.
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And so what happens when governments
can't afford things, you either raise
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taxes or you start printing money.
00:12:38.842 --> 00:12:40.248
Can't raise taxes anymore.
00:12:40.249 --> 00:12:42.955
We're already taxed to the
hilt, so therefore you just
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continue to print money.
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And it's like and I was looking
at this chart just this morning.
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The amount of other countries purchasing
US treasuries is down 80% from last year.
00:12:57.890 --> 00:12:58.470
80.
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Yeah.
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Why do you think Scott Bessent at
the Treasury is wanting to increase
00:13:04.369 --> 00:13:08.704
Treasury operations from two billion
to four billion in the first session,
00:13:08.738 --> 00:13:14.802
$6 billion purchases of intervention
of treasuries into the bond market?
00:13:14.802 --> 00:13:18.002
It was because the people, other
people, other countries are not
00:13:18.002 --> 00:13:19.820
buying US treasuries anymore.
00:13:20.554 --> 00:13:22.217
See, how do you get that money?
00:13:22.598 --> 00:13:23.498
You print it.
00:13:24.730 --> 00:13:29.993
We are entering into a world where
this entitlement time bomb, this
00:13:29.996 --> 00:13:36.146
replacement immigration the threat
of tariffs is causing supply
00:13:36.147 --> 00:13:38.311
shortages and inflationary pressures.
00:13:38.681 --> 00:13:43.614
And no matter how you look at it,
Michael, no matter how you look at it-
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I see low supply, high demand, inflation
that ultimately equals higher prices.
00:13:51.893 --> 00:13:55.902
And so we're just seeing this stuff
play out and it's like sometimes
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I hate it when we're right.
00:14:00.238 --> 00:14:03.246
Literally, we've been talking
about this, it's like sounding
00:14:03.246 --> 00:14:05.422
the warning siren for years.
00:14:05.485 --> 00:14:09.693
And then when it starts to really play out
right underneath our nose, it's like it's
00:14:09.694 --> 00:14:14.332
not necessarily a surprise 'cause we've
been talking about it, but it's wow, it's
00:14:14.332 --> 00:14:16.033
like really happening kinda right now.
00:14:16.034 --> 00:14:17.784
These things are playing themselves out.
00:14:18.240 --> 00:14:23.318
So protect yourself and be in the
right place at the right time, and
00:14:23.323 --> 00:14:26.958
take advantage of some of these moves.
00:14:27.054 --> 00:14:30.232
You… Who, who else is taking
advantage of these moves, right?
00:14:30.256 --> 00:14:31.304
It's like Tether.
00:14:32.407 --> 00:14:34.592
The cryptocurrency company, right?
00:14:34.594 --> 00:14:37.169
They have the USDT, the, the stable coin.
00:14:37.764 --> 00:14:40.704
Tether Gold which is
their gold-backed token.
00:14:41.175 --> 00:14:45.258
They're the largest private holder
of gold on Earth, Tether is.
00:14:45.875 --> 00:14:48.487
The only people that own more
gold than Tether are a couple
00:14:48.488 --> 00:14:50.291
of central banks, right?
00:14:50.343 --> 00:14:54.245
So what did they just decide
to do over the last month?
00:14:55.006 --> 00:15:01.373
Is they've started now buying silver,
storing it at a depository in Nevada.
00:15:01.835 --> 00:15:04.533
So it's not just gold, it's now silver.
00:15:04.545 --> 00:15:05.114
Why?
00:15:05.302 --> 00:15:09.200
Because they wanna make money on the
lease rates from holding the silver
00:15:09.205 --> 00:15:10.703
when the exchanges need it, right?
00:15:11.069 --> 00:15:15.390
So why would they do that if
there was no demand for silver?
00:15:15.724 --> 00:15:18.631
They wouldn't go into this market, right?
00:15:18.631 --> 00:15:19.808
They wouldn't go into it.
00:15:19.997 --> 00:15:22.856
It's like Michael Saylor
with Bitcoin and Strategy.
00:15:23.024 --> 00:15:26.077
Strategy wouldn't be buying
Bitcoin if he didn't think there
00:15:26.078 --> 00:15:27.504
was gonna be any demand for it.
00:15:28.000 --> 00:15:31.630
Tether wouldn't be buying gold if they
didn't think there was any demand for it.
00:15:31.787 --> 00:15:34.817
Just like Tether wouldn't be buying
silver if they didn't think there was
00:15:34.818 --> 00:15:39.013
any demand for it, 'cause they will
make money hand over fist off the
00:15:39.013 --> 00:15:44.295
lease rates, especially in a world of
low supply and the lease rates go up.
00:15:44.812 --> 00:15:47.845
I look at some of these things,
and these are not dumb people.
00:15:48.307 --> 00:15:55.258
These are really smart people that are
seeing Ahead of the curve and starting to
00:15:55.260 --> 00:15:57.032
do the right thing now to prepare for it.
00:15:57.032 --> 00:16:01.145
This is no different than what we've
been doing for years, is seeing ahead
00:16:01.146 --> 00:16:05.543
of the curve, doing what we need to do
to prepare for something that's coming.
00:16:06.346 --> 00:16:09.853
And I think that something that's
coming is right upon us, quite honestly.
00:16:10.611 --> 00:16:10.909
Yeah.
00:16:10.912 --> 00:16:11.389
Almost.
00:16:11.449 --> 00:16:12.156
Most definitely.
00:16:12.285 --> 00:16:15.668
And you're looking at the the 10
year it's like you were talking about
00:16:15.670 --> 00:16:17.351
bonds and so forth interest rates.
00:16:17.655 --> 00:16:22.305
It is, it has really been skyrocketing
lately even though there's been a big
00:16:22.308 --> 00:16:27.132
movement by the Fed raising interest
rates to appease the bond market.
00:16:27.561 --> 00:16:28.488
But it didn't work.
00:16:28.769 --> 00:16:30.701
The rates to- they took off again.
00:16:31.056 --> 00:16:33.607
Or the, the, the, the cost, whatever.
00:16:33.989 --> 00:16:36.914
So there's a difference between
the price and the actual yield.
00:16:36.966 --> 00:16:38.979
So the yield is down, but the price is up.
00:16:39.026 --> 00:16:39.922
Is that the way it works?
00:16:40.504 --> 00:16:40.779
Yeah.
00:16:40.793 --> 00:16:42.765
When the yields go
down, the prices are up.
00:16:42.817 --> 00:16:44.821
When yields are up, the prices are down.
00:16:45.261 --> 00:16:47.656
This is what's so
interesting about this time.
00:16:47.931 --> 00:16:48.125
Yeah.
00:16:48.137 --> 00:16:53.169
Historically, Michael, if you look
back literally since as far as you can
00:16:53.169 --> 00:16:58.485
look back, when interest rates go up,
usually gold and silver come down, and
00:16:58.485 --> 00:17:02.794
more recently when, because they're not
that old, but cryptocurrency, right?
00:17:02.795 --> 00:17:05.222
That's… they're all less
than 20 years old, right?
00:17:05.272 --> 00:17:08.644
So when interest rates have gone
up, even crypto has come down.
00:17:09.263 --> 00:17:14.564
We look at what's been happening
since, what was it now, two weeks ago?
00:17:15.026 --> 00:17:17.764
Kevin Warsh basically raised
rates a quarter of a point.
00:17:17.818 --> 00:17:21.687
And then few days after that,
Japan raised their rates another
00:17:21.687 --> 00:17:23.545
quarter of a point, right?
00:17:23.546 --> 00:17:26.585
So what normally throughout
history should have happened?
00:17:28.022 --> 00:17:30.586
You should have had cryptocurrencies
tank, you should have had
00:17:30.586 --> 00:17:31.722
gold and silver come down.
00:17:32.279 --> 00:17:32.459
Yeah.
00:17:32.677 --> 00:17:34.037
Instead, what happened?
00:17:34.613 --> 00:17:35.958
Look what's happening today.
00:17:36.726 --> 00:17:41.257
We, the, the news is out that interest
rates on the 10 year are as high as
00:17:41.257 --> 00:17:45.643
they've been, we're looking at well over
5% and mortgage rates, 30-year mortgage
00:17:45.644 --> 00:17:49.781
rates are high as they've been since 2009.
00:17:50.393 --> 00:17:50.553
Yeah.
00:17:50.587 --> 00:17:52.722
Crypto is exploding.
00:17:53.480 --> 00:17:57.628
You look at what gold and silver
have done since Kevin Warsh made the
00:17:57.628 --> 00:18:00.929
announcement that they were gonna raise
rates, and then Japan raised their rates.
00:18:01.343 --> 00:18:02.542
Gold and silver are up.
00:18:02.874 --> 00:18:07.607
So the narrative has shifted from we
don't care that interest rates are high
00:18:08.054 --> 00:18:10.348
we wanna know why interest rates are up.
00:18:10.384 --> 00:18:11.786
Why are interest rates up?
00:18:12.327 --> 00:18:15.063
Because governments are running out
of money, because the inflationary
00:18:15.063 --> 00:18:18.453
pressures, because of geopolitical
conflict and all these threats.
00:18:19.040 --> 00:18:23.667
And so this is what's exciting to
me, is people normally throughout
00:18:23.671 --> 00:18:27.811
history when rates go up, these
asset categories have come down.
00:18:27.818 --> 00:18:32.875
But they didn't, because the
extreme has become normal.
00:18:33.449 --> 00:18:36.920
The sound bites from Iran have
become normal sound bites.
00:18:36.920 --> 00:18:38.553
They're not so extreme anymore.
00:18:38.553 --> 00:18:40.682
It's like, "Oh yeah, there was a
drone attack," and it's like normally
00:18:40.683 --> 00:18:41.732
that would have freaked people out.
00:18:42.181 --> 00:18:46.478
Now it's just "Okay, just another day of
news." When the extreme becomes normal,
00:18:46.541 --> 00:18:50.154
people start looking at fundamentals
rather than listening to the news.
00:18:50.742 --> 00:18:54.705
And this is what's starting to
happen, is people are looking at the
00:18:54.707 --> 00:18:58.446
fundamentals of supply and demand
and why interest rates are higher.
00:18:58.451 --> 00:18:59.981
Not just that interest rates are higher.
00:19:00.425 --> 00:19:01.526
Why are they higher?
00:19:01.913 --> 00:19:03.384
Because we've got inflation.
00:19:03.747 --> 00:19:05.351
Because we've got conflict.
00:19:05.381 --> 00:19:10.723
Because we have to have more of a
reward for the risk that people are
00:19:10.724 --> 00:19:15.530
taking for investing in sovereign
debt and treasuries- that's to
00:19:15.532 --> 00:19:19.123
me becoming the bigger story than
just that interest rates are high.
00:19:19.435 --> 00:19:20.768
That's why metals are going up.
00:19:20.769 --> 00:19:23.398
They're responding opposite
of what they always have.
00:19:23.866 --> 00:19:26.474
That's why crypto is
responding opposite right now.
00:19:26.791 --> 00:19:26.801
I
00:19:26.802 --> 00:19:30.238
think people are waking up, and this is
telling you that people are waking up.
00:19:31.812 --> 00:19:35.672
Yeah, Jesse Colombo and the Bubble
Report he's been talking about today
00:19:35.706 --> 00:19:39.534
there's a, a, a article on the the
yield curve like we're talking about.
00:19:40.333 --> 00:19:45.473
Now, there's only a few stocks right now
which are holding and making new highs.
00:19:45.965 --> 00:19:51.289
Most stocks across the board are
below the 200-day average, which is a
00:19:51.289 --> 00:19:54.221
very bad thing, a way, way bad thing.
00:19:54.499 --> 00:19:58.611
This is 2008, 2009 again, and that's
why you're seeing the yield curves
00:19:58.645 --> 00:20:00.983
reaching the same levels of 2008, 2009.
00:20:01.403 --> 00:20:05.334
Now, the, Now, when this stock
market, not if, when the stock market
00:20:05.413 --> 00:20:10.354
does implode on a massive scale
very quickly I believe we're gonna
00:20:10.354 --> 00:20:12.717
see the reverse in gold and silver.
00:20:12.966 --> 00:20:17.461
So when you s- We're gonna see this, I
think this market is gonna completely
00:20:17.486 --> 00:20:22.213
unwind and unravel on a level that we've
never seen before, and this is part of
00:20:22.213 --> 00:20:26.058
the destruction of something that's,
like we've talked about, is quite evil.
00:20:26.389 --> 00:20:30.935
And once, once that's done then
you're gonna see gold and silver
00:20:30.995 --> 00:20:33.828
reach levels that have never
been seen before, I believe.
00:20:34.711 --> 00:20:35.104
Yeah.
00:20:35.195 --> 00:20:36.313
I don't disagree.
00:20:37.186 --> 00:20:38.338
I don't disagree at all.
00:20:38.389 --> 00:20:42.255
Price of gold and silver are
always a function of… It's a
00:20:42.256 --> 00:20:44.300
reflection of where the world is.
00:20:45.083 --> 00:20:48.604
And when you've got inflation, and
conflict, and turbulence, and uncertainty,
00:20:48.604 --> 00:20:52.928
and change, and other asset classes coming
down, they'll act as a flight for safety,
00:20:53.231 --> 00:20:54.306
and that's what we're seeing right now
00:20:55.981 --> 00:20:56.953
Yep, absolutely.
00:20:57.472 --> 00:21:04.241
And as always, the best place to go
to get your silver, guys, is kepm.com.
00:21:04.680 --> 00:21:08.590
Dr. Kirk Elliott and his
team are outstanding.
00:21:08.647 --> 00:21:09.666
They've helped a lot of us.
00:21:10.039 --> 00:21:11.700
I talk to… I go to a lot of events.
00:21:11.701 --> 00:21:13.251
I know you've been to events as well.
00:21:13.544 --> 00:21:17.270
And over again, I hear people come
up and say how pleased they are with
00:21:17.270 --> 00:21:21.308
your team and how they've really, it's
really made a difference in their lives.
00:21:21.732 --> 00:21:26.361
I've talked to people that, they worked
20 years and then the company went under.
00:21:26.362 --> 00:21:27.531
They lost their retirement.
00:21:27.924 --> 00:21:29.763
They worked for another
company for 20 years.
00:21:29.766 --> 00:21:31.724
That company went under,
they lost their retirement.
00:21:32.095 --> 00:21:36.922
But they started investing in
silver, and they're at a point now
00:21:36.923 --> 00:21:39.354
where they're very well-situated.
00:21:39.354 --> 00:21:43.378
So it i- it is making a difference,
and I know that you guys also do the
00:21:43.378 --> 00:21:45.168
IRAs and so forth to help people.
00:21:45.169 --> 00:21:49.058
So if you haven't looked at this
yet, guys like we're talking about,
00:21:49.059 --> 00:21:53.148
the stock market will underperform
on a massive scale coming up.
00:21:53.717 --> 00:21:57.640
And we're already seeing gold and
silver over-performing, and they'll
00:21:57.647 --> 00:22:01.031
continue to over-perform probably for
another eight years going forward.
00:22:01.426 --> 00:22:02.425
This is the cycle.
00:22:02.718 --> 00:22:06.448
So we're in the cycle of gold and silver
performing better than the stock market.
00:22:06.825 --> 00:22:09.601
So I know a lot of you guys are still
stuck on the stock market is gonna
00:22:09.602 --> 00:22:10.938
be your retirement in the future.
00:22:10.940 --> 00:22:12.270
You better be very careful with that.
00:22:12.294 --> 00:22:16.607
You better start looking at options, and
definitely wanna get involved with Dr.
00:22:16.610 --> 00:22:17.377
Kirk Elliott, guys.
00:22:18.742 --> 00:22:19.073
Yeah.
00:22:19.103 --> 00:22:19.815
Don't hesitate.
00:22:19.815 --> 00:22:20.299
Call us.
00:22:20.332 --> 00:22:21.739
We'll bend over backwards to help.
00:22:21.740 --> 00:22:22.443
It's why we're here.
00:22:23.116 --> 00:22:23.544
Definitely.
00:22:24.092 --> 00:22:26.510
So again, kepm.com.
00:22:26.562 --> 00:22:27.873
And let me see.
00:22:28.594 --> 00:22:29.517
Thought I was sharing that.
00:22:30.253 --> 00:22:30.790
Let me get it back.
00:22:30.923 --> 00:22:31.662
Was I sharing that?
00:22:31.731 --> 00:22:32.608
Yeah, you were sharing it.
00:22:32.735 --> 00:22:33.296
Oh, okay good.
00:22:33.309 --> 00:22:33.570
Yes, you were.
00:22:33.570 --> 00:22:33.783
Yeah.
00:22:33.884 --> 00:22:34.380
Okay, good.
00:22:34.986 --> 00:22:35.831
All right, guys.
00:22:35.898 --> 00:22:37.046
Lots of love to you guys.
00:22:37.048 --> 00:22:40.232
We always love Dr. Kirk Elliott,
man, myth, legend, when he comes on.
00:22:40.648 --> 00:22:41.585
And you just heard why.
00:22:41.613 --> 00:22:46.264
'Cause he is extremely well…
He's so knowledgeable, right?
00:22:46.267 --> 00:22:49.734
So he's helped a lot of us myself and
thousands of you out there right now.
00:22:49.735 --> 00:22:52.195
If you're still on the
fence, get involved, please.
00:22:52.232 --> 00:22:56.745
We want you guys to prevail and go
forward in the future and be successful.
00:22:57.282 --> 00:22:57.645
All right.
00:22:57.667 --> 00:22:58.240
Thanks a lot.
00:22:58.353 --> 00:22:59.035
We'll see you guys later.
NOTE
This file was generated by Descript
00:00:01.564 --> 00:00:02.421
Hello, everyone.
00:00:02.433 --> 00:00:04.953
It's Michael Jaco with
Unleashing Intuition Secrets.
00:00:05.275 --> 00:00:08.372
We have the man, myth, legend,
Dr. Kirk Ilie back with us again.
00:00:08.799 --> 00:00:14.514
And it's on everybody's mind, when
is this logjam gonna break and this
00:00:14.785 --> 00:00:16.677
silver's gonna go blasting higher?
00:00:16.679 --> 00:00:17.405
When is it gonna happen?
00:00:17.405 --> 00:00:17.946
What do you think?
00:00:18.906 --> 00:00:21.600
Okay, that's the bajillion
dollar question, right?
00:00:21.639 --> 00:00:21.998
I know.
00:00:21.998 --> 00:00:22.622
If it's
00:00:22.637 --> 00:00:24.220
that- Yeah … you would
be a bajillionaire.
00:00:24.436 --> 00:00:24.744
Yeah.
00:00:24.818 --> 00:00:28.230
So I think the logjam is about to break.
00:00:28.331 --> 00:00:30.526
So I'm not just saying it.
00:00:30.535 --> 00:00:33.885
So if we look at Goldman Sachs.
00:00:33.885 --> 00:00:36.636
Okay, what did Goldman say two days ago?
00:00:36.650 --> 00:00:43.349
So tariff uncertainty is pulling
critical metals into the United States.
00:00:44.230 --> 00:00:49.230
So you look at what's happening
with some of the critic- So months
00:00:49.231 --> 00:00:51.888
ago, Trump puts together the
critical minerals list, right?
00:00:51.888 --> 00:00:56.224
And they're going to protect it and JD
Vance is getting out there talking about
00:00:56.235 --> 00:00:59.907
how we're going to put price floors on
some of these critical minerals, right?
00:00:59.908 --> 00:01:06.640
So I've heard some podcasts over
the last couple of days that- Are
00:01:06.642 --> 00:01:08.701
just insanely stupid ideas, right?
00:01:08.753 --> 00:01:15.866
So they're thinking, "Oh, silver's gonna
go back to 1950s levels because it's
00:01:15.866 --> 00:01:19.898
on Trump's critical minerals list, and
the DOD needs it, and so they're gonna
00:01:19.904 --> 00:01:22.156
drive the price down to 1950s levels."
00:01:22.162 --> 00:01:25.002
It's like, okay, this
is a stupid idea, right?
00:01:25.003 --> 00:01:30.714
Because what is the opposite
of what the administration
00:01:30.716 --> 00:01:32.442
has been saying, via JD Vance?
00:01:32.445 --> 00:01:36.523
It's like we're going to put
price floors on these things to
00:01:36.532 --> 00:01:39.759
help the US manufacturers, right?
00:01:39.759 --> 00:01:45.003
Because if these minerals w- they
need to be manufactured in the United
00:01:45.003 --> 00:01:49.565
States, not in China, not in Indonesia,
not in all these other places, right?
00:01:49.615 --> 00:01:54.100
So some of these podcasters are
saying… And I've had-- The reason I'm
00:01:54.100 --> 00:01:57.019
bringing it up is I have had numerous
clients call in like the last two days.
00:01:57.024 --> 00:01:58.816
So somebody's saying
something crazy, right?
00:01:58.867 --> 00:02:04.184
So it's like what they're talking about
would be more of a price ceiling, which
00:02:04.185 --> 00:02:08.031
is what Mamdani is doing in like New York
with rent controls and whatever, right?
00:02:08.044 --> 00:02:09.411
That's absolutely communist.
00:02:09.413 --> 00:02:14.188
You don't want to do that when
you wanna bring manufacturing
00:02:14.233 --> 00:02:18.384
of these critical minerals back
into the United States, right?
00:02:18.384 --> 00:02:22.779
You want to boost the levels
of the floor to encourage the
00:02:22.779 --> 00:02:24.642
manufacturers to manufacture, right?
00:02:24.692 --> 00:02:28.418
So here's where there's a lot
of uncertainty that's starting
00:02:28.420 --> 00:02:32.042
to happen because of the Iranian
conflict, because some of the
00:02:32.042 --> 00:02:34.084
negotiating tools that Trump is using.
00:02:34.521 --> 00:02:38.030
Now, Goldman is saying that
there's tariff uncertainty.
00:02:38.031 --> 00:02:44.030
So what's starting to happen is
things like silver, copper, platinum,
00:02:44.105 --> 00:02:50.404
palladium tungsten, whatever,
coming back into America to roost.
00:02:50.885 --> 00:02:53.689
They're bringing it back,
building up inventories.
00:02:54.237 --> 00:02:56.212
So there's something really
interesting about this.
00:02:56.213 --> 00:02:59.680
I heard somebody who doesn't actually
understand economics, that pretended
00:02:59.680 --> 00:03:04.361
to be an economist say this is going to
drive prices down because now there's
00:03:04.384 --> 00:03:07.249
more supply." It's like, hey, you
don't really understand how the markets
00:03:07.249 --> 00:03:10.196
work because Comex is more paper.
00:03:10.789 --> 00:03:15.391
The physical markets in gold and silver
are actually done through London.
00:03:16.132 --> 00:03:23.092
So if inventory is coming into America
it's leaving the world where it's needed.
00:03:23.416 --> 00:03:27.879
So Samsung, Sony, Tesla, wherever
else, they're buying it through London.
00:03:27.880 --> 00:03:30.531
That's where the physical
markets really flow through.
00:03:30.992 --> 00:03:37.778
So it's coming back here because we
need to control our critical materials.
00:03:38.336 --> 00:03:40.107
We need to have possession of them.
00:03:40.109 --> 00:03:46.311
We don't want some rogue foreign
nation who might hate us have
00:03:46.374 --> 00:03:49.738
control of those critical things,
which is why Trump put them on the
00:03:49.738 --> 00:03:51.223
critical materials list, right?
00:03:51.274 --> 00:03:59.205
So what this is now starting to
expose is These are coming back home.
00:03:59.226 --> 00:04:01.759
It's taking supply off the market.
00:04:02.061 --> 00:04:03.984
So in essence, that's lower supply.
00:04:03.997 --> 00:04:07.488
Demand is still high,
so prices go up, right?
00:04:07.539 --> 00:04:16.804
So what this is going to cause is
so eerily similar to late '25 when
00:04:16.831 --> 00:04:22.236
there was lack of inventory in London,
lease rates went through the roof,
00:04:22.638 --> 00:04:26.368
there was supply shortages, and what
did we see in the price of silver?
00:04:26.935 --> 00:04:30.013
It went up 147% in 2025.
00:04:30.255 --> 00:04:35.395
But really the majority of that move
happened in December and January.
00:04:36.152 --> 00:04:37.206
It was bonkers, right?
00:04:37.206 --> 00:04:41.338
Silver went from 70-something
dollars an ounce to 120 in six weeks.
00:04:41.982 --> 00:04:47.053
So not saying that exact thing is
going to happen again now, but what
00:04:47.053 --> 00:04:51.386
I'm saying is the foundations are
starting to look exactly the same.
00:04:51.865 --> 00:04:54.203
Literally, almost eerily similar.
00:04:54.622 --> 00:04:55.999
So what's going to happen?
00:04:56.071 --> 00:04:57.573
Something eerily similar.
00:04:57.837 --> 00:05:02.734
Prices are gonna go up higher and
faster than what we expect them to do.
00:05:03.135 --> 00:05:06.893
So I look at this as a positive.
00:05:06.992 --> 00:05:11.334
Now Goldman also said a couple of
days ago, this is scope for another
00:05:11.371 --> 00:05:13.627
volatility cycle in the metals.
00:05:13.627 --> 00:05:16.979
Because when there's volatility,
why is there volatility?
00:05:16.982 --> 00:05:18.289
Because there's uncertainty.
00:05:18.290 --> 00:05:19.459
Why is there uncertainty?
00:05:19.919 --> 00:05:24.373
Because you don't know if there's going to
be supply, and you've got forward selling
00:05:24.374 --> 00:05:29.574
that's been done for months for the big
manufacturers to get their materials.
00:05:29.574 --> 00:05:31.031
What if it's not there?
00:05:31.814 --> 00:05:35.593
What if it's not there because
metals have been coming here?
00:05:35.976 --> 00:05:41.784
This is just a crazy setup, where…
i'm seeing the comments on the
00:05:41.785 --> 00:05:45.307
screen, where the people who've
been manipulating these markets for
00:05:45.307 --> 00:05:48.139
so long are going to be exposed.
00:05:48.140 --> 00:05:50.075
It's like the emperor
has no clothes, right?
00:05:50.097 --> 00:05:52.028
And then it's starting to unfold.
00:05:52.486 --> 00:05:55.050
So it happened at the end of '25.
00:05:55.455 --> 00:05:58.876
It's going to ha- I think it's
going to happen all over again now.
00:05:59.695 --> 00:06:05.778
You can't do this too many times without
the system simply having to change, right?
00:06:05.780 --> 00:06:10.557
So when you look at how the system
is changing, Michael, you know
00:06:11.391 --> 00:06:15.276
that London and the West have
been manipulating these markets.
00:06:15.289 --> 00:06:18.124
You've got these naked shorts,
and you've got all this futures
00:06:18.124 --> 00:06:20.288
selling, and COMEX is a paper market.
00:06:20.776 --> 00:06:25.983
There's hundreds of ounces in paper silver
for every one ounce of physical delivery.
00:06:26.620 --> 00:06:28.434
So people don't like that.
00:06:28.437 --> 00:06:34.091
People are starting to wise up to this
isn't necessarily safe when we ultimately
00:06:34.091 --> 00:06:35.929
want physical delivery and it's not there.
00:06:36.248 --> 00:06:38.020
So what is China doing?
00:06:38.586 --> 00:06:43.344
So over the months, China… actually,
I should say years, but really over
00:06:43.351 --> 00:06:44.997
the past few months it's accelerated.
00:06:45.427 --> 00:06:48.863
They are building a global
network of depositories-
00:06:49.399 --> 00:06:50.207
Yeah … to store their metals.
00:06:50.219 --> 00:06:55.345
So Hong Kong, Shanghai, Dubai, right?
00:06:55.589 --> 00:06:58.495
All these BRICS nations
depository system, right?
00:06:58.496 --> 00:07:01.805
So why is this starting to happen?
00:07:01.805 --> 00:07:08.053
As, as countries now are viewing the
West as not the custodian that they want
00:07:08.092 --> 00:07:12.799
for their metals, because Biden stole
Russia's metals at the beginning of the
00:07:12.799 --> 00:07:17.465
Russia-Ukraine conflict, is using it as
a political weapon, just like they're
00:07:17.465 --> 00:07:19.830
using the dollar as a political weapon.
00:07:19.830 --> 00:07:23.675
Which I'm not saying that's not
wrong in economic warfare, right?
00:07:23.676 --> 00:07:25.123
It's like it's what you do.
00:07:25.123 --> 00:07:29.502
If you have control of something, you're
gonna use it to try to defeat the enemy.
00:07:29.502 --> 00:07:32.628
But the rest of the world looks
at that and says, "Wait a second.
00:07:33.387 --> 00:07:39.213
We don't trust that we're not going to be
the recipient of this economic warfare.
00:07:39.454 --> 00:07:41.702
We want to repatriate our metals.
00:07:41.704 --> 00:07:46.230
We're bringing it home." So this has
been happening in Poland, happening
00:07:46.230 --> 00:07:51.767
in Germany, happens in Russia, but
some of these countries, it's going
00:07:51.884 --> 00:07:58.540
past London or past their own homeland
and going directly to Asia, right?
00:07:58.541 --> 00:07:58.803
Why?
00:07:58.805 --> 00:08:04.305
Because they don't… They're not
allowing some of the manipulation that's
00:08:04.305 --> 00:08:06.338
been happening in the paper markets.
00:08:06.677 --> 00:08:12.643
The… it's a much more weirdly
China's gonna be much more transparent
00:08:13.094 --> 00:08:17.638
in their metal storing and what's
allowed, and is there naked shorts,
00:08:17.638 --> 00:08:20.024
and there's all this leverage, and
there's all these paper markets.
00:08:20.504 --> 00:08:22.358
They're not allowing some of this stuff.
00:08:22.414 --> 00:08:23.821
Not all of it, but some of it.
00:08:25.270 --> 00:08:30.387
And people who want their metal stored and
want a clean exchange are voting for that.
00:08:30.823 --> 00:08:32.354
From a communist country.
00:08:32.355 --> 00:08:34.089
This is how bad things
are out of whack, right?
00:08:34.140 --> 00:08:36.269
So the West is losing power.
00:08:36.269 --> 00:08:41.748
As the West starts to lose power, and I
would include London in that in the West.
00:08:42.089 --> 00:08:42.289
Yep.
00:08:42.880 --> 00:08:44.294
That's lower supply.
00:08:44.305 --> 00:08:46.357
The, the world is changing.
00:08:46.358 --> 00:08:49.383
And if you wanna see where power
in the world is going, look at
00:08:49.384 --> 00:08:50.728
where gold is headed, right?
00:08:51.188 --> 00:08:57.574
So I look at this and it's like, man,
there is a lot of things that are
00:08:57.591 --> 00:08:59.939
changing right underneath our nose.
00:09:00.335 --> 00:09:05.653
And you don't have to read too much into
Goldman Sachs' analysis to say they expect
00:09:05.675 --> 00:09:08.567
volatility, they expect uncertainty.
00:09:08.756 --> 00:09:13.652
They don't know what's gonna happen with
the tariffs, and so therefore people
00:09:13.653 --> 00:09:19.002
wanna pull their assets out of the system
and put them where they're safe, right?
00:09:19.053 --> 00:09:21.940
So we look at this, it's like all
this is gonna be lower supply.
00:09:22.522 --> 00:09:26.190
It's lower supply, which means
prices are going to go up.
00:09:26.732 --> 00:09:29.568
Now, that's the here and now.
00:09:30.015 --> 00:09:35.593
Looking forward into the future,
I'm seeing a, an entitlement time
00:09:35.594 --> 00:09:37.895
bomb that's just ticking, right?
00:09:37.909 --> 00:09:42.133
So and we've talked about this numerous
times over the past couple of years,
00:09:42.133 --> 00:09:46.106
which is- We've got a graying of America.
00:09:46.161 --> 00:09:49.592
When you look at the demographics
of America, the baby boomers are all
00:09:49.593 --> 00:09:54.185
getting older, and there's, because of
a low fertility rate in America, there's
00:09:54.194 --> 00:10:01.157
fewer people working to, to pay for
the, burgeoning entitlement time bomb.
00:10:01.211 --> 00:10:04.306
People are wanting Social Security,
Medicare, Medicaid, right?
00:10:04.753 --> 00:10:07.231
Social Security to me
isn't an entitlement.
00:10:07.238 --> 00:10:08.646
It's just a mandatory payment.
00:10:09.082 --> 00:10:10.628
People have paid into it their whole life.
00:10:10.629 --> 00:10:12.312
They should get it, right?
00:10:12.312 --> 00:10:18.347
But now, just yesterday, I'm reading
comments of there has to be some kind
00:10:18.348 --> 00:10:20.505
of Social Security reform," right?
00:10:20.505 --> 00:10:23.885
"We're gonna have to maybe
raise the retirement age so
00:10:23.885 --> 00:10:25.082
we don't run out of money."
00:10:25.534 --> 00:10:26.061
It's okay.
00:10:26.560 --> 00:10:30.700
So this is exactly what happened
in France, like over a year ago.
00:10:31.234 --> 00:10:36.154
People overpaid in taxes their whole
life into a socialist nation, so why?
00:10:36.197 --> 00:10:38.778
The government could take
care of them in retirement.
00:10:39.323 --> 00:10:42.130
And then they get to retirement
in France and say, "Sorry gang,
00:10:42.139 --> 00:10:43.137
we kinda ran out of money.
00:10:43.491 --> 00:10:47.856
So we're gonna raise the retirement age
from 72 to 75," or whatever they did.
00:10:48.179 --> 00:10:52.428
So then that happens, and what's the
next austerity measure that comes in?
00:10:53.066 --> 00:10:56.187
We're not, s- not gonna pay you 100%
of the benefits that you're used to.
00:10:56.198 --> 00:10:59.540
Maybe we'll raise the retirement
age and we still don't have enough
00:10:59.541 --> 00:11:03.760
money, so we're going to reduce
your benefits down to 80% or 50% or
00:11:03.760 --> 00:11:06.516
whatever it takes to keep it afloat."
00:11:07.220 --> 00:11:12.542
So we've got this demographic change
where fewer people are paying taxes
00:11:12.542 --> 00:11:16.617
into a system where more people
are getting retirement benefits.
00:11:16.620 --> 00:11:23.231
So this is why Trump has had such
serious political headwinds over
00:11:23.232 --> 00:11:29.364
the years from politicians who
want to use public money to pay for
00:11:29.793 --> 00:11:31.860
these entitlements to get votes.
00:11:32.666 --> 00:11:34.209
How does Trump wanna get votes?
00:11:34.675 --> 00:11:36.702
By increasing jobs, right?
00:11:36.702 --> 00:11:39.856
By getting people working,
getting people spending, getting,
00:11:40.035 --> 00:11:41.518
companies profitable again.
00:11:41.528 --> 00:11:47.304
So how do, how does the left basically
say, "How do we get more people in here
00:11:47.304 --> 00:11:50.568
working?" How about an open border, right?
00:11:50.572 --> 00:11:55.616
So this is part of the border crisis,
and, there, there's now a term for it.
00:11:55.628 --> 00:11:59.505
Something we've been talking
about for years on and off is now
00:11:59.542 --> 00:12:01.296
called replacement immigration.
00:12:02.132 --> 00:12:04.192
There's actually a word for it, right?
00:12:04.194 --> 00:12:07.902
And this is not just something that's
happening here, but every single country
00:12:08.379 --> 00:12:13.103
that has open borders throughout the
world they're having this replacement
00:12:13.123 --> 00:12:19.296
immigration come in to get people working
where fertility rates are low to pay
00:12:19.297 --> 00:12:26.128
for the older aging population that now
is in receiving mode during retirement.
00:12:26.406 --> 00:12:26.775
Good point.
00:12:26.949 --> 00:12:28.330
And this is a problem.
00:12:28.342 --> 00:12:29.762
So why is this a problem?
00:12:30.193 --> 00:12:31.822
Because governments can't afford it.
00:12:32.952 --> 00:12:36.456
And so what happens when governments
can't afford things, you either raise
00:12:36.461 --> 00:12:38.427
taxes or you start printing money.
00:12:38.842 --> 00:12:40.248
Can't raise taxes anymore.
00:12:40.249 --> 00:12:42.955
We're already taxed to the
hilt, so therefore you just
00:12:42.970 --> 00:12:44.270
continue to print money.
00:12:45.229 --> 00:12:48.688
And it's like and I was looking
at this chart just this morning.
00:12:49.909 --> 00:12:57.667
The amount of other countries purchasing
US treasuries is down 80% from last year.
00:12:57.890 --> 00:12:58.470
80.
00:12:58.737 --> 00:12:58.938
Yeah.
00:12:59.345 --> 00:13:04.353
Why do you think Scott Bessent at
the Treasury is wanting to increase
00:13:04.369 --> 00:13:08.704
Treasury operations from two billion
to four billion in the first session,
00:13:08.738 --> 00:13:14.802
$6 billion purchases of intervention
of treasuries into the bond market?
00:13:14.802 --> 00:13:18.002
It was because the people, other
people, other countries are not
00:13:18.002 --> 00:13:19.820
buying US treasuries anymore.
00:13:20.554 --> 00:13:22.217
See, how do you get that money?
00:13:22.598 --> 00:13:23.498
You print it.
00:13:24.730 --> 00:13:29.993
We are entering into a world where
this entitlement time bomb, this
00:13:29.996 --> 00:13:36.146
replacement immigration the threat
of tariffs is causing supply
00:13:36.147 --> 00:13:38.311
shortages and inflationary pressures.
00:13:38.681 --> 00:13:43.614
And no matter how you look at it,
Michael, no matter how you look at it-
00:13:45.113 --> 00:13:50.973
I see low supply, high demand, inflation
that ultimately equals higher prices.
00:13:51.893 --> 00:13:55.902
And so we're just seeing this stuff
play out and it's like sometimes
00:13:55.903 --> 00:13:58.575
I hate it when we're right.
00:14:00.238 --> 00:14:03.246
Literally, we've been talking
about this, it's like sounding
00:14:03.246 --> 00:14:05.422
the warning siren for years.
00:14:05.485 --> 00:14:09.693
And then when it starts to really play out
right underneath our nose, it's like it's
00:14:09.694 --> 00:14:14.332
not necessarily a surprise 'cause we've
been talking about it, but it's wow, it's
00:14:14.332 --> 00:14:16.033
like really happening kinda right now.
00:14:16.034 --> 00:14:17.784
These things are playing themselves out.
00:14:18.240 --> 00:14:23.318
So protect yourself and be in the
right place at the right time, and
00:14:23.323 --> 00:14:26.958
take advantage of some of these moves.
00:14:27.054 --> 00:14:30.232
You… Who, who else is taking
advantage of these moves, right?
00:14:30.256 --> 00:14:31.304
It's like Tether.
00:14:32.407 --> 00:14:34.592
The cryptocurrency company, right?
00:14:34.594 --> 00:14:37.169
They have the USDT, the, the stable coin.
00:14:37.764 --> 00:14:40.704
Tether Gold which is
their gold-backed token.
00:14:41.175 --> 00:14:45.258
They're the largest private holder
of gold on Earth, Tether is.
00:14:45.875 --> 00:14:48.487
The only people that own more
gold than Tether are a couple
00:14:48.488 --> 00:14:50.291
of central banks, right?
00:14:50.343 --> 00:14:54.245
So what did they just decide
to do over the last month?
00:14:55.006 --> 00:15:01.373
Is they've started now buying silver,
storing it at a depository in Nevada.
00:15:01.835 --> 00:15:04.533
So it's not just gold, it's now silver.
00:15:04.545 --> 00:15:05.114
Why?
00:15:05.302 --> 00:15:09.200
Because they wanna make money on the
lease rates from holding the silver
00:15:09.205 --> 00:15:10.703
when the exchanges need it, right?
00:15:11.069 --> 00:15:15.390
So why would they do that if
there was no demand for silver?
00:15:15.724 --> 00:15:18.631
They wouldn't go into this market, right?
00:15:18.631 --> 00:15:19.808
They wouldn't go into it.
00:15:19.997 --> 00:15:22.856
It's like Michael Saylor
with Bitcoin and Strategy.
00:15:23.024 --> 00:15:26.077
Strategy wouldn't be buying
Bitcoin if he didn't think there
00:15:26.078 --> 00:15:27.504
was gonna be any demand for it.
00:15:28.000 --> 00:15:31.630
Tether wouldn't be buying gold if they
didn't think there was any demand for it.
00:15:31.787 --> 00:15:34.817
Just like Tether wouldn't be buying
silver if they didn't think there was
00:15:34.818 --> 00:15:39.013
any demand for it, 'cause they will
make money hand over fist off the
00:15:39.013 --> 00:15:44.295
lease rates, especially in a world of
low supply and the lease rates go up.
00:15:44.812 --> 00:15:47.845
I look at some of these things,
and these are not dumb people.
00:15:48.307 --> 00:15:55.258
These are really smart people that are
seeing Ahead of the curve and starting to
00:15:55.260 --> 00:15:57.032
do the right thing now to prepare for it.
00:15:57.032 --> 00:16:01.145
This is no different than what we've
been doing for years, is seeing ahead
00:16:01.146 --> 00:16:05.543
of the curve, doing what we need to do
to prepare for something that's coming.
00:16:06.346 --> 00:16:09.853
And I think that something that's
coming is right upon us, quite honestly.
00:16:10.611 --> 00:16:10.909
Yeah.
00:16:10.912 --> 00:16:11.389
Almost.
00:16:11.449 --> 00:16:12.156
Most definitely.
00:16:12.285 --> 00:16:15.668
And you're looking at the the 10
year it's like you were talking about
00:16:15.670 --> 00:16:17.351
bonds and so forth interest rates.
00:16:17.655 --> 00:16:22.305
It is, it has really been skyrocketing
lately even though there's been a big
00:16:22.308 --> 00:16:27.132
movement by the Fed raising interest
rates to appease the bond market.
00:16:27.561 --> 00:16:28.488
But it didn't work.
00:16:28.769 --> 00:16:30.701
The rates to- they took off again.
00:16:31.056 --> 00:16:33.607
Or the, the, the, the cost, whatever.
00:16:33.989 --> 00:16:36.914
So there's a difference between
the price and the actual yield.
00:16:36.966 --> 00:16:38.979
So the yield is down, but the price is up.
00:16:39.026 --> 00:16:39.922
Is that the way it works?
00:16:40.504 --> 00:16:40.779
Yeah.
00:16:40.793 --> 00:16:42.765
When the yields go
down, the prices are up.
00:16:42.817 --> 00:16:44.821
When yields are up, the prices are down.
00:16:45.261 --> 00:16:47.656
This is what's so
interesting about this time.
00:16:47.931 --> 00:16:48.125
Yeah.
00:16:48.137 --> 00:16:53.169
Historically, Michael, if you look
back literally since as far as you can
00:16:53.169 --> 00:16:58.485
look back, when interest rates go up,
usually gold and silver come down, and
00:16:58.485 --> 00:17:02.794
more recently when, because they're not
that old, but cryptocurrency, right?
00:17:02.795 --> 00:17:05.222
That's… they're all less
than 20 years old, right?
00:17:05.272 --> 00:17:08.644
So when interest rates have gone
up, even crypto has come down.
00:17:09.263 --> 00:17:14.564
We look at what's been happening
since, what was it now, two weeks ago?
00:17:15.026 --> 00:17:17.764
Kevin Warsh basically raised
rates a quarter of a point.
00:17:17.818 --> 00:17:21.687
And then few days after that,
Japan raised their rates another
00:17:21.687 --> 00:17:23.545
quarter of a point, right?
00:17:23.546 --> 00:17:26.585
So what normally throughout
history should have happened?
00:17:28.022 --> 00:17:30.586
You should have had cryptocurrencies
tank, you should have had
00:17:30.586 --> 00:17:31.722
gold and silver come down.
00:17:32.279 --> 00:17:32.459
Yeah.
00:17:32.677 --> 00:17:34.037
Instead, what happened?
00:17:34.613 --> 00:17:35.958
Look what's happening today.
00:17:36.726 --> 00:17:41.257
We, the, the news is out that interest
rates on the 10 year are as high as
00:17:41.257 --> 00:17:45.643
they've been, we're looking at well over
5% and mortgage rates, 30-year mortgage
00:17:45.644 --> 00:17:49.781
rates are high as they've been since 2009.
00:17:50.393 --> 00:17:50.553
Yeah.
00:17:50.587 --> 00:17:52.722
Crypto is exploding.
00:17:53.480 --> 00:17:57.628
You look at what gold and silver
have done since Kevin Warsh made the
00:17:57.628 --> 00:18:00.929
announcement that they were gonna raise
rates, and then Japan raised their rates.
00:18:01.343 --> 00:18:02.542
Gold and silver are up.
00:18:02.874 --> 00:18:07.607
So the narrative has shifted from we
don't care that interest rates are high
00:18:08.054 --> 00:18:10.348
we wanna know why interest rates are up.
00:18:10.384 --> 00:18:11.786
Why are interest rates up?
00:18:12.327 --> 00:18:15.063
Because governments are running out
of money, because the inflationary
00:18:15.063 --> 00:18:18.453
pressures, because of geopolitical
conflict and all these threats.
00:18:19.040 --> 00:18:23.667
And so this is what's exciting to
me, is people normally throughout
00:18:23.671 --> 00:18:27.811
history when rates go up, these
asset categories have come down.
00:18:27.818 --> 00:18:32.875
But they didn't, because the
extreme has become normal.
00:18:33.449 --> 00:18:36.920
The sound bites from Iran have
become normal sound bites.
00:18:36.920 --> 00:18:38.553
They're not so extreme anymore.
00:18:38.553 --> 00:18:40.682
It's like, "Oh yeah, there was a
drone attack," and it's like normally
00:18:40.683 --> 00:18:41.732
that would have freaked people out.
00:18:42.181 --> 00:18:46.478
Now it's just "Okay, just another day of
news." When the extreme becomes normal,
00:18:46.541 --> 00:18:50.154
people start looking at fundamentals
rather than listening to the news.
00:18:50.742 --> 00:18:54.705
And this is what's starting to
happen, is people are looking at the
00:18:54.707 --> 00:18:58.446
fundamentals of supply and demand
and why interest rates are higher.
00:18:58.451 --> 00:18:59.981
Not just that interest rates are higher.
00:19:00.425 --> 00:19:01.526
Why are they higher?
00:19:01.913 --> 00:19:03.384
Because we've got inflation.
00:19:03.747 --> 00:19:05.351
Because we've got conflict.
00:19:05.381 --> 00:19:10.723
Because we have to have more of a
reward for the risk that people are
00:19:10.724 --> 00:19:15.530
taking for investing in sovereign
debt and treasuries- that's to
00:19:15.532 --> 00:19:19.123
me becoming the bigger story than
just that interest rates are high.
00:19:19.435 --> 00:19:20.768
That's why metals are going up.
00:19:20.769 --> 00:19:23.398
They're responding opposite
of what they always have.
00:19:23.866 --> 00:19:26.474
That's why crypto is
responding opposite right now.
00:19:26.791 --> 00:19:26.801
I
00:19:26.802 --> 00:19:30.238
think people are waking up, and this is
telling you that people are waking up.
00:19:31.812 --> 00:19:35.672
Yeah, Jesse Colombo and the Bubble
Report he's been talking about today
00:19:35.706 --> 00:19:39.534
there's a, a, a article on the the
yield curve like we're talking about.
00:19:40.333 --> 00:19:45.473
Now, there's only a few stocks right now
which are holding and making new highs.
00:19:45.965 --> 00:19:51.289
Most stocks across the board are
below the 200-day average, which is a
00:19:51.289 --> 00:19:54.221
very bad thing, a way, way bad thing.
00:19:54.499 --> 00:19:58.611
This is 2008, 2009 again, and that's
why you're seeing the yield curves
00:19:58.645 --> 00:20:00.983
reaching the same levels of 2008, 2009.
00:20:01.403 --> 00:20:05.334
Now, the, Now, when this stock
market, not if, when the stock market
00:20:05.413 --> 00:20:10.354
does implode on a massive scale
very quickly I believe we're gonna
00:20:10.354 --> 00:20:12.717
see the reverse in gold and silver.
00:20:12.966 --> 00:20:17.461
So when you s- We're gonna see this, I
think this market is gonna completely
00:20:17.486 --> 00:20:22.213
unwind and unravel on a level that we've
never seen before, and this is part of
00:20:22.213 --> 00:20:26.058
the destruction of something that's,
like we've talked about, is quite evil.
00:20:26.389 --> 00:20:30.935
And once, once that's done then
you're gonna see gold and silver
00:20:30.995 --> 00:20:33.828
reach levels that have never
been seen before, I believe.
00:20:34.711 --> 00:20:35.104
Yeah.
00:20:35.195 --> 00:20:36.313
I don't disagree.
00:20:37.186 --> 00:20:38.338
I don't disagree at all.
00:20:38.389 --> 00:20:42.255
Price of gold and silver are
always a function of… It's a
00:20:42.256 --> 00:20:44.300
reflection of where the world is.
00:20:45.083 --> 00:20:48.604
And when you've got inflation, and
conflict, and turbulence, and uncertainty,
00:20:48.604 --> 00:20:52.928
and change, and other asset classes coming
down, they'll act as a flight for safety,
00:20:53.231 --> 00:20:54.306
and that's what we're seeing right now
00:20:55.981 --> 00:20:56.953
Yep, absolutely.
00:20:57.472 --> 00:21:04.241
And as always, the best place to go
to get your silver, guys, is kepm.com.
00:21:04.680 --> 00:21:08.590
Dr. Kirk Elliott and his
team are outstanding.
00:21:08.647 --> 00:21:09.666
They've helped a lot of us.
00:21:10.039 --> 00:21:11.700
I talk to… I go to a lot of events.
00:21:11.701 --> 00:21:13.251
I know you've been to events as well.
00:21:13.544 --> 00:21:17.270
And over again, I hear people come
up and say how pleased they are with
00:21:17.270 --> 00:21:21.308
your team and how they've really, it's
really made a difference in their lives.
00:21:21.732 --> 00:21:26.361
I've talked to people that, they worked
20 years and then the company went under.
00:21:26.362 --> 00:21:27.531
They lost their retirement.
00:21:27.924 --> 00:21:29.763
They worked for another
company for 20 years.
00:21:29.766 --> 00:21:31.724
That company went under,
they lost their retirement.
00:21:32.095 --> 00:21:36.922
But they started investing in
silver, and they're at a point now
00:21:36.923 --> 00:21:39.354
where they're very well-situated.
00:21:39.354 --> 00:21:43.378
So it i- it is making a difference,
and I know that you guys also do the
00:21:43.378 --> 00:21:45.168
IRAs and so forth to help people.
00:21:45.169 --> 00:21:49.058
So if you haven't looked at this
yet, guys like we're talking about,
00:21:49.059 --> 00:21:53.148
the stock market will underperform
on a massive scale coming up.
00:21:53.717 --> 00:21:57.640
And we're already seeing gold and
silver over-performing, and they'll
00:21:57.647 --> 00:22:01.031
continue to over-perform probably for
another eight years going forward.
00:22:01.426 --> 00:22:02.425
This is the cycle.
00:22:02.718 --> 00:22:06.448
So we're in the cycle of gold and silver
performing better than the stock market.
00:22:06.825 --> 00:22:09.601
So I know a lot of you guys are still
stuck on the stock market is gonna
00:22:09.602 --> 00:22:10.938
be your retirement in the future.
00:22:10.940 --> 00:22:12.270
You better be very careful with that.
00:22:12.294 --> 00:22:16.607
You better start looking at options, and
definitely wanna get involved with Dr.
00:22:16.610 --> 00:22:17.377
Kirk Elliott, guys.
00:22:18.742 --> 00:22:19.073
Yeah.
00:22:19.103 --> 00:22:19.815
Don't hesitate.
00:22:19.815 --> 00:22:20.299
Call us.
00:22:20.332 --> 00:22:21.739
We'll bend over backwards to help.
00:22:21.740 --> 00:22:22.443
It's why we're here.
00:22:23.116 --> 00:22:23.544
Definitely.
00:22:24.092 --> 00:22:26.510
So again, kepm.com.
00:22:26.562 --> 00:22:27.873
And let me see.
00:22:28.594 --> 00:22:29.517
Thought I was sharing that.
00:22:30.253 --> 00:22:30.790
Let me get it back.
00:22:30.923 --> 00:22:31.662
Was I sharing that?
00:22:31.731 --> 00:22:32.608
Yeah, you were sharing it.
00:22:32.735 --> 00:22:33.296
Oh, okay good.
00:22:33.309 --> 00:22:33.570
Yes, you were.
00:22:33.570 --> 00:22:33.783
Yeah.
00:22:33.884 --> 00:22:34.380
Okay, good.
00:22:34.986 --> 00:22:35.831
All right, guys.
00:22:35.898 --> 00:22:37.046
Lots of love to you guys.
00:22:37.048 --> 00:22:40.232
We always love Dr. Kirk Elliott,
man, myth, legend, when he comes on.
00:22:40.648 --> 00:22:41.585
And you just heard why.
00:22:41.613 --> 00:22:46.264
'Cause he is extremely well…
He's so knowledgeable, right?
00:22:46.267 --> 00:22:49.734
So he's helped a lot of us myself and
thousands of you out there right now.
00:22:49.735 --> 00:22:52.195
If you're still on the
fence, get involved, please.
00:22:52.232 --> 00:22:56.745
We want you guys to prevail and go
forward in the future and be successful.
00:22:57.282 --> 00:22:57.645
All right.
00:22:57.667 --> 00:22:58.240
Thanks a lot.
00:22:58.353 --> 00:22:59.035
We'll see you guys later.
