Bản chép lời đầy đủ của How Institutions Really Trade Gold (From a Former Insider)

Gibson: Well, that's a good intro here to what we want to talk about today. podcast discussion topic is how big players and institutions actually trade gold ⁓ and it means for us at home ⁓ as everyday punters. So I've Tony Brasi here us. You've been listening to here now. Tony, you can... Do your intro for us. You're an institutional trader. What's that mean? What's it, give us a quick two minute intro of your background, please. It's probably easier than me at botching it. Tony Barassi: Yeah, absolutely. Absolutely. Well, again, Adam, the people love hearing from you. I love hearing from you. mean, I'm sure that you could give my intro better than I. But nonetheless, yeah, my name is Tony Barassi. I'm an ex institutional trader. didn't really come up the typical path to become a trader. I actually plucked out of university and put to the ⁓ institutional desk early. Adam Gibson: Yeah. Tony Barassi: So I learned the environment and where decisions are made, what the rules are, what you can and can't do. work for the institutional side, be hedge funds, the big pools of money, family offices, the billionaires that everybody hates. And ⁓ I slowly out that it was ⁓ kind of place where you can't get emotional. Because when you're dealing with markets, It's emotions that are the first thing to punish you. So, you know, I definitely learned a lot. I was on the institutional desk for about seven years. I worked with algorithmic traders. I worked with hedge funds. ran my own book. traded ⁓ my last year on institutional side, three and a half billion dollars worth of securities in multiple different types of markets. I've held commodity trading roles in the past, obviously, you know, kind of commodities have been going. through a pandemonium cycle the last couple of months, in the last year even. ⁓ silver, crude oil, you name it, and it's made headlines. So these experiences really kind of positioned me to learn the and outs of markets, learn the ins and outs of trading, and then get out, hopefully unscathed. I like to think that I'm unscathed. But now kind of tell the world what it is. that's going on behind the curtain as we were joking about earlier. Adam Gibson: what's motivation for that? It's kind of maybe an obvious question, but what's your motivation to do that? Tony Barassi: Yeah. Well, you know, I like to say my intentions are always positive, but, um, you know, there, there's always sometimes two sides of the same coin. Um, my motivation is really to help as many people as I can. I don't like to say it, but you know, become not financially free, but at least financially independent, uh, because things are really hard right now, up and down the income scales. Adam Gibson: Mm-hmm. Tony Barassi: you whether you're, you don't have a job and you're just at home and you're kind of grinding your gears trying to figure out how I can make money, you know, without going and having to do something extremely arduous, like jumping on an oil rig. Or if you're

just even have like a mid tier white collar job, and you're slowly finding that even $100,000 a year salary doesn't cut it anymore. And you're just like, what what else do I need to do? So Adam Gibson: Mm. Yeah. Tony Barassi: I really do believe that trading trading ⁓ because trading does not have to be overcomplicated ⁓ I thought, you know, prior to joining the institutional desk and then ⁓ ultimately trading simply is ⁓ the to success in trading. So that that's really my main motivation behind all of this. And of course education, right? Because if I can teach you something, that you can for years down the line or ⁓ get another generation or a friend into ⁓ learn a skill for life, then I think I've done my job. Adam Gibson: Cool, yeah. And look, mate, I think what you just said is, you know, having what used to be a good job, you could buy a house and live well, that equation doesn't stack up anymore. I think in Sydney, I read recently, excuse me, you need, I don't know, $240,000 worth of household income in order to afford an average home in Sydney, in Australia. That is insane, you know? And that doesn't leave, you know, A, it doesn't leave room for life and your kids and all the important stuff. I guess everyone's on the treadmill too fast. And the other part is it makes you very vulnerable to, you know, the threat of losing a job or, you know, take this if you're not, if you, you know, or lose your job and so, you know, there's that, that's the uncoerced part we talk about around here is financial insecurity puts you in a very vulnerable place ⁓ you're trying to be controlled by something that isn't, that is against your will. So a lot of the financial stuff we talk about here is sort of designed not necessarily just about getting rich or whatever. Certainly you don't have any problem with that, but it's about creating this level of ⁓ where you can't unshakable or uncoerceable. So you can't tell us what to do because we're okay, you know. ⁓ Tony Barassi: You Of course. Absolutely. Yeah, absolutely. And the only thing that I'll add to that is, again, when you you talk about trading, when you talk about investing, whatever it might be. I've been around the block once or twice, I've been involved in a couple of other businesses as well. Outside of financial space. mean, I've sold products. I've sold services, I actually had an Amazon company that did quite well. sold that, but it was a headache. So I understand that there are other there are other ways to, as they say, generate passive income in the modern world. But none hands down. Trading is definitely, you know, top one or top two that takes ⁓ amount of effort. But I will say it does take a large amount of ⁓ intellectual because you have to find someone that has truthfully it successfully in the past. And I think that's, again, when you talk about trust, not even not just in the, ⁓ know, the grubberman, ⁓ they say, but ⁓ also trust in each other, trust in commerce. ⁓ are so many, ⁓ know, poor actors or bad actors out there that are trying to, you know, kind of sell you a dream, right, something that is just never going to come to fruition. Adam Gibson: Thank Tony Barassi: And again, that was, you know, going back to your original question, like, why are you doing this? This is again, one of the reasons why I am trying to do this, because there's a lot of garbage out there. And a lot of people that are that are even trying to sell investment services that have never been an investor before, or maybe they never at least been a successful investor. So I think, you know, in this day and age, it's 2026, everything should be subject to proof. And, you know, I hope that I am living proof. Adam Gibson: in It's really good point because yeah, that seems to be, I guess that was my first question I've written down here. It's like the noise, you know, the YouTubers and the headlines out there and the emotional swing. If you look at the headlines around, particularly around gold and silver at the moment, which is something I want to dig into, but it's just, it feels like every day is a new sort of emotional hook driving people one way the other around, whether it's Bitcoin or gold or whatever. Tony Barassi: Mm-hmm. Adam Gibson: ⁓ But, you in your philosophy is I read earlier was your philosophy is a bit, you know, don't be driven by headlines. Don't be driven by emotion. It's just practical price indicators and things. that, is that the fair, a fair assessment? Tony Barassi: Mm-hmm. It is it definitely is definitely is I like to say, you know, there's multiple ways that you can say it But it's just keep it simple, right? Because that's what I learned, you know, essentially from the horse's mouth. It was keep it simple. Yeah the institutions. Absolutely That's what they were teaching me because again, I kind of came in hitting the ground running saying, you know I know how to you know kind of program some of these things and we're gonna use this indicator and that indicator and this calculation is good for this You know, my boss almost slapped me upside the head first year in he's like ⁓ Adam Gibson: Okay. So this is the institutions. Tony Barassi: enough. We are going to take you and we're going to make you into something we're going to teach you how it's done. So either you listen, or you know, you can kind of get a move on. So I mean, it really is tough for people to watch the headlines, because nowadays, we're so inundated, right? Every single day, you have a notification on your phone, you have, I mean, people texting each other, people sending each other be it tweets, Instagram messages, Facebook, whatever, did you see this? Did you see that? ⁓ You really can't get away from it. So of course if you see a headline You know, maybe you missed out on a move last time, you know, I saw ⁓ saw gold You know three months ago was in the news saying it's making ⁓ highs All-time and I didn't buy then and now I'm hearing about it again Maybe I should

go run out and buy gold buy silver buy whatever it is. It's in the news And I'm kind of here to say is that you don't have to do that. You really don't have to do that you don't have to do that. You really don't have to do that I, be it with trading, with my indicators, like I like to say, I make money if gold goes up, I make money if gold goes down. There's just a certain way, a certain methodology, a certain framework that you have to follow and you can do it too. I, be it with trading, with my indicators, like I like to say, I make money if gold goes up, I make money if gold goes down. There's just a certain way, a certain methodology, a certain framework that you have to follow and you can do it too. Adam Gibson: Okay, well let's dig into gold a bit because most of us, think, well I say most of us, but a lot of people in Australia, more and more people, it seems like everyone, is trying to hold some gold and silver Okay, well let's dig into gold a bit because most of us, think, well I say most of us, but a lot of people in Australia, more and more people, it seems like everyone, is trying to hold some gold and silver in various proportions. But most people think of it as something just to hang onto and buy it and hold it and sit on it as in real bullion and you're sticking under your pillow. ⁓ Tony Barassi: Yeah, absolutely. Adam Gibson: But your approach is, or the institutional approach and what you've learned is obviously there's another option. I mean, there's, yeah. ⁓ Tony Barassi: Of course. Absolutely. So I think I think the biggest thing that people get wrong is that like, as you said, right, sometimes, you know, they what they see it in the headlines, they want to buy it. then they say, Hey, have I missed a ride? Is it too early? Is it too late? Am buying at the high? And then they just run out and buy and then they stuff it under their mattress. And that's kind of that's it. They're done, right. But the is, is that's not how the ⁓ big players operate. But the is, is that's not how the ⁓ big players operate. or the people that are actually money, extracting money from the gold market or the silver market operate. And they don't sit there guessing essentially where, where should gold go? You know, is probably going to keep on going up. They're watching levels. And that's what my strategy, what my indicators are built on levels, liquidity, and essentially knowing or the people that are actually money, extracting money from the gold market or the silver market operate. And they don't sit there guessing essentially where, where should gold go? You know, is probably going to keep on going up. They're watching levels. And that's what my strategy, what my indicators are built on levels, liquidity, and essentially knowing certain things are about to happen. So if you can identify a level, you can wait for it to be achieved, you can wait for the price to get to that level, then you can say with almost extreme certainty that you can then foresee where the price is going to go to next, thus creating profits. certain things are about to happen. So if you can identify a level, you can wait for it to be achieved, you can wait for the price to get to that level, then you can say with almost extreme certainty that you can then foresee where the price is going to go to next, thus creating profits. Adam Gibson: Gotcha. And there's no emotion in that. It's purely indicative. It's purely objective, what I'm hearing. Yeah. Yeah. Gotcha. And there's no emotion in that. It's purely indicative. It's purely objective, what I'm hearing. Yeah. Yeah. Tony Barassi: Absolutely, absolutely. mean, of course, we're human, right? We're not robots. We're not AI, not yet. But it is one of the hardest things that traps people in any business, not just trading, not just investing, but it's always the emotions that the bus off a cliff, right? ⁓ it's of the hardest things to run away from. ⁓ if can try to suppress them, if you can try to just follow the framework, ⁓ then be OK. Absolutely, absolutely. mean, of course, we're human, right? We're not robots. We're not AI, not yet. But it is one of the hardest things that traps people in any business, not just trading, not just investing, but it's always the emotions that the bus off a cliff, right? ⁓ it's of the hardest things to run away from. ⁓ if can try to suppress them, if you can try to just follow the framework, ⁓ then be OK. Adam Gibson: Ha ha ha. Ha ha ha. Yeah. ⁓ Yeah. ⁓ And look, The frameworks you're discussing are things you train, you train people on this, Ed. So that's part of what you offer in training is you're giving people those tools and that, yeah, okay. Tony Barassi: Absolutely, absolutely. So in my training with my, I'll call them students. Why not? Because they are because like I said, they are learning something you are coming in to program that allows you to learn a new skill and hopefully a new skill for life. So nonetheless, you're constantly learning, you're constantly understanding why the mechanics behind the indicator are telling you to do something. You know, I walk everyone through this is what the buy trade looks like. This is what a sell trade looks like. And then multiple different avenues of what could happen after that, which I think, which I think when people are trying to learn trading or when people are trying to learn a new skill, right, the world is very random, right? You can't just hit record and say it's going to work out like this every single time. So what I've done is I've really made an investment because I know people are making an investment in me, in my indicator. And I've made the investment to show them as many times possible the different types of setups that might occur and how to handle them so that they're not alone. Adam Gibson: Yeah. Why gold though? like you have traded across all these different commodities and things. Why, why gold in this instance? ⁓ Tony Barassi: Yeah, that is an awesome

question. That is an awesome question. So it's it's it's not only why gold, I will say it's why precious metals. And this is ⁓ to nerd out, and I'm not going to get too too technical. But gold? Well, because it's an amazing asset. I mean, it is literally time tested true ⁓ as arrow. I mean, you you go back to ⁓ any Adam Gibson: you Tony Barassi: biblical times, a Chinese Ming dynasty, whatever it is. Gold has stood the test of time and there's a reason for it. Fast forward to modern day. Why does this work so well with gold? Well, because ⁓ mean, I've traded it for a long time. I traded precious metals. Like I said, I have traded on many different asset classes when I was ⁓ commodities, when I was doing institutional trading, and on the personal side as well. This works very well in precious metals ⁓ specifically. because of the makeup of the market. What do I mean by that? the precious metals markets, they are some of the most ⁓ markets in the world. And always ⁓ one two nice cascading be it to the upside or be it to the downside that happen in gold and silver every single day. And with my indicator, it works. ⁓ I'm not to, you know, pat myself on the back here but to my own horn. But it works really well. And if you can I and if you can catch those one or two moves per day, you're to do very well in this business. Adam Gibson: Okay. And is that on, exacerbated the global uncertainty the, you know, there's war and there's threats of more war and there's so much going on in the world. Is that amplified? Tony Barassi: Absolutely. So it's really because of the major players that are involved in these markets. Yes, absolutely. It's because of the major, the people that are trading these things. You know, it's, it's not, of course, if we, if we, if we looked at who is trading the gold market, yes, there's people at home. Yes, there's institutions, but there's also massive, massive swaths of wealth. ⁓ sovereign wealth funds that are trading billions, hundreds of billions, trillions of dollars, not every single day, but they are transacting in the market. There are full on central banks that are transaction, transacting in the gold market. So when these guys decide to enter or decide to exit the market, as long as you can identify the same level that they are waiting for before they enter, then you can do exactly what they do. And that's what I aim to do with my indicator. Adam Gibson: Okay, so this is again, just to reiterate, this is just following or not following, but it's replicating the institutional approach. And it's just adopting, it's not replicating, adopting an institutional approach, which is kind of the opposite there, I must just do it. Tony Barassi: Exactly. Exactly. And I mean, going back, no, it's, ⁓ is. ⁓ adopting the approach, but having the power to actually see the same levels that they're waiting for. That's ⁓ the game changer. But of course, you know, I always like to say, you know, I could, I could still hand you the money printer. And if you don't know, Adam Gibson: Mmm. Tony Barassi: have the owner's manual or know how to operate it and you know, what good is it? And that's really where it comes in with the modules that I've created, the models that are recorded and the entire program put together. If you can, if you can follow a recipe, you can follow this, but you know, going back to your previous question there, you know, why gold, you know, why is the market so hot? And it is because of the geopolitical risks that are constantly present in 2025 and 2026. they're constantly happening. And as that continues to unfold, these markets, gold, silver, precious metals, mean, even, know, liquid crude oil more, more, most recently, these markets, they get more and more liquidity, more and more players, more and more people trading it, which means larger moves. And if you're on the right side of it means more money. So that is the allure. And that is the, that is the way that that's the ⁓ ideal thing that we're looking to happen. Adam Gibson: Okay. Tell me a bit about trading as a, what you're proposing here. Cause a lot of people will listen to this and go, well, it sounds good, but it's kind of out. It's not my skill set. that's, you know, maybe I haven't got the money to do it or I haven't got the time. who's is ⁓ Is me? I use a few questions. Does it mean sitting in front of a computer screen all day, looking at ⁓ blips up and down? Do I have to have a lot of money to start? it, is it. ⁓ Tony Barassi: No. Yeah. Adam Gibson: not suitable if I'm working full-time, give me some indicator what it looks like and what can be done with it. Yeah. Yeah. Yeah. Tony Barassi: Yeah, absolutely. So what does the day to day look like? Right? What do I need? What do I what is my investment, Tony? Right? That's what I get a lot, right? So I made this indicator. And, you know, I really am excited for people to actually see it a live chart, because that's really where you get this aha moment. And really culminates. ⁓ And I mean by that is, no, you're not sitting at the chart all day. You're absolutely not. ⁓ A of other indicators that are out there. Adam Gibson: Yeah. Tony Barassi: Indeed like that, you you have to be watching every single tick and you got to pinpoint it just just perfectly and if you don't then For lack of a better term your host But nonetheless my no mine is really not like that why Because the levels ⁓ are calculated on your chart in real time They're very clearly identified so I like to say if the price is trading in between the two levels that you're waiting for, then there's no trade. Then you don't do anything. Then you go do anything else. Get away from the computer. Run as far as you can you don't have to be ⁓ there staring at the chart all day. You set a couple of alerts. Boom. You can go about your day. ⁓ And ⁓ those alerts never get hit, then, Hey, there was no trade ⁓ ⁓ wait, you wait for tomorrow in of monies. you know, how much money? I always get that

question a lot, right? Because we're talking about futures trading here. Some people have been in futures, trading futures, we have veteran traders, ⁓ then we also have people that have never even heard of a future. What is a future? What is a futures contract? ⁓ I talk about that, don't worry. But how money do I need to get started? It's little bit of an ambiguous question, because I'm not asking you to go out and make a brokerage account, fund it with, you $25,000 US dollars and then give it a go, right? my program, I actually give everyone that signs up, ⁓ that purchases the program, the indicator, a free prop account, okay? ⁓ is that? A prop account is a proprietary trading account. So it's essentially, I'm giving out a simulated ⁓ simulated funded account, and usually they're funded with like 50,000 US ⁓ so you can go out and trade in the live market. But here's the catch. Like I said, you don't have to ⁓ risk own money, risk tens of thousands, or go out and make a brokerage account and trade in the live market, potentially lose. You're trading simulated money in the live market. Adam Gibson: Mm-hmm. Tony Barassi: Okay, Tony, but I'm going to be, you know, doing this every single day. Like, that's a lot. Is it is it's just practice? No, it's not. So I partnered with a prop firm, they're called prop ad capital. That's the name. And what they do is they give you this account, if you do well, then you can withdraw real money from this simulated account. As long as you hit a couple of profit goals, like you're consistent, you I think you have to make, you know, $3,000 in you can actually can take as long as you want. But the main idea is you don't need any money. Number one, right when you enter the program, you get that prop account, it's included in the program. And number two, you do not have to go out and create a brokerage account, fund it, and then essentially give the market a go. Whether you're just starting in features, and you don't know what the heck the market even is, or if you've been doing it for a long time and you want to test out the indicator. There is really no risk. Adam Gibson: So a question to lead into now is just in of the people trading as a potential option of what you teach or what others are teaching, guess, trading generally. Assuming there's the education there and they've got some systems to follow. it a genuine thing for people to start transitioning out of employment or is it creating additional income streams? What have you seen happen for people? Because ⁓ think it's fair to say not everyone's suited to trading in my ⁓ limited experience. Some people aren't wired that way and preferred to other things or suited to other things. ⁓ Well, do you see happening on the ground with people who are getting into this and sort of Tony Barassi: Yeah. Adam Gibson: discovery and income stream and you know, is there a real life transition happening here for people? Is it a real option or is it something we should see an adjunct, if you like? Tony Barassi: Yeah, absolutely. I mean, it really does come down to the to the individual. And I know that you said, you know, some people just aren't really geared to trading. And the only thing that I'll say to that ⁓ of the most successful traders that I've ever met in my entire career doing this started some of the most unconventional people that thought, you know, I would never be doing this. And I many of them in the beginning thought I would never be good at this. Because again, You know, we've been married to this belief of, maybe trading is for super analytical minds and people with PhDs in math. I, there's just no way that I could ever try to extrapolate money from a market. I don't even know what that even means. Right. again, but there are ⁓ like two sides to the same coin. And do have people that have been able to, again, I to say like become financially independent, but yeah, ⁓ make adjunct revenue streams, be it for themselves, for their family, to the tune of, I mean, I could say things. And of course it's going to sound totally up in the air or unbelievable, but I was actually just talking to another student two weeks ago. And I wish of course it was the same week that we were recording this podcast, cause it'd be great. I could say he came out and he made, he made 60,000 US dollars in one trade. Adam Gibson: You Tony Barassi: over I think it was 30 minutes or even less. I think it was like 25 minutes, $60,000. So I mean, of course, maybe he got a little bit lucky because of course those results aren't across the board. Not everybody's making it like that, of course. But nonetheless, yeah, I think that if you at least give it a go, if you at least give it a try and think, come in with an open mind, then you will do well again. Adam Gibson: Hmm. Tony Barassi: But also I will say it does come down to the teacher. like we were talking before, you know, there's a lot of, there's a lot of, ⁓ information out there. There's a lot of different indicators, different strategies out there in trading where can tell you, if I went through that program, I still wouldn't be profitable essentially ⁓ because the teacher, because it's a strategy ⁓ and it's just, it's just not up to snuff. It's not up to par. but nonetheless, This strategy that I am teaching people is what is used on the institutional desk. And like I said, they're institutions for a reason. They're billionaire family offices for a reason. They're hedge funds for a reason. It's because they're good at what they do. if, again, if you want to be successful in doing anything, you have to find someone that has done it successfully before. And of course, always subject to proof, right? Adam Gibson: Hmm. Tony Barassi: Don't just believe someone because they have a Lamborghini and they're talking about it on Instagram or Facebook or anything like that. really you got to find someone that's done it successfully before. I ⁓ to be that for a lot of people. So we do see

⁓ be a transitioning and of course ⁓ your day job is never advised. But I will say if see this as something that you can ⁓ do progressively, for more than just a month, two months, three months, whatever it might be, and you actually want it, then that's a whole different story. Then there's really nothing that can stop you from your day job, being successful in this ⁓ Adam Gibson: pretty good, honest advice. Yeah, that's good. That's where a lot of people, I get a lot of questions after podcasts like this, like, know, it's really for me. And I'm like, well, and I've always kind of gone back to that thing. I think some people aren't suited to it, but as you just said, you know, it's a matter of discipline and maybe it's time rethink some of these assumptions. ⁓ Tony Barassi: It is. It's true. It's very true. mean, the only thing that's the hardest part for all of my students, and it's even hard for me, you know, I always, I always love to tell them because they tell me about, you know, wins over the week, losses over the week, you know, where they might've gotten tripped up and I'm right there with them. You know, I don't want them to think just because I am the creator of this strategy that I'm somehow immune. Like I make mistakes. I take losing days, losing trades. not all sunshine and rainbows and you know, trips to the bank, are bad days. And I always, I always say trading, it's just like, it's just like anything else in life. If you're having a bad day in your personal life, it might show up in other areas, right? It might show up in your trading. It might show up in you driving to and from work and doing road rage on the highway, the freeway. But we're robots. Adam Gibson: Yeah. Tony Barassi: But everyone has their struggles, but this program really is designed to help you overcome those struggles, the emotional side of money, of trading, because we're all emotionally tied to money, right? We need it. We cannot get away from it. But nonetheless, we talk about it in the course. Adam Gibson: and look on that note come just ⁓ this up with I want to get you your take on a few things on the ground again just come back to where we started here and Like ⁓ inside these institutions, which I'm personally I've never done I've never actually had a ⁓ job in the way that most people have and I've never been inside a Never been inside a young ⁓ did have a job once I was a bouncer ⁓ it when I'm in the 20th but When you're inside these institutions Tony Barassi: Of course. I love that. Ha Adam Gibson: and the volatility is happening and there's bombs dropping in the Middle East and there's all this, do they rub their hands and go, this is great, the world's falling apart, we're gonna ride turbulence out. What's their attitude towards this stuff? Do they have a empathy gland in there somewhere or is it all just about the result and are they creating chaos at some point? Tony Barassi: Yeah. Well, I will tell you this and I will give you the honest answer. know, it's always it's always a tough thing to comprehend financial markets and how how it interacts with the real world because ⁓ markets, economic statistics, they refine human lives, human people to numbers. Right. And that's always the hardest part. So you almost have to be agnostic. And know I'll say I'll say it for sure. Yeah. And on the institutional desk inside. Inside the belly of the beast as many people have told me in the past It can be like that. Yeah. Yeah bombs going off ships are getting blown up. There's a bunch of oil, you know ⁓ disasters happening and straight of horror moose For current events and ⁓ it's of those things how many barrels? You know, you know three million barrels a day being, you know released or lost or whatever. Okay good. I'll plug that into the model and see where crude oil is going in the next day and a half. And I'll, you know, buy futures contracts, sell them, buy options, you know, create this massive spread trade on geopolitical disasters. Right? So yes, yeah, of course, of course, there is that aspect. And did see it numerous times. I mean, you know, ⁓ there the day that oil went negative. ⁓ know, was happening during COVID when, ⁓ you was going negative. And you know, if we have enough time for a little story, I'll tell you, I was, you know, very ⁓ commodity people that were working in commodities, you know, both financially, being a trader of them. But physically, because that's, that's the other part that people don't really understand about ⁓ commodity markets that they are physical, right? You can down to the broker and buy physical gold bars, coins, whatever it might be. And you can go and buy a gold ETF in your SMSF and it's just electronic and you never see it. You don't even know what gold even looks, feels like, smells like, you know, anything. So again, when Crudo was going negative, Adam Gibson: Yep. Tony Barassi: I ended up talking to, well, I didn't talk to the person that did it, but I talked to a natural gas trader and he said, do you know what they're doing right now? Down in West Texas, you know, being over here in the United States. ⁓ I said, what? And he's like, because oil is now negative, all people that are, ⁓ that stored, storing oil are trying to get rid of it. And I said, why would they do that? ⁓ And they're trying to free up storage because they're trying to Adam Gibson: Really? Okay. Yeah. Tony Barassi: Introduce more capacity to their storage so that they can charge fees for storing it because it's so cheap and I said well What are they doing with the oil? And he says they're paying guys a thousand bucks a load to come in fill up their truck and then just go get rid of it I said well where they getting rid of it They're just driving in the middle of the desert dumping it and again ecological disaster and it's just it's one of these things where it's very interesting financial markets geopolitics geopolitics and then how Adam Gibson: What? Really? Yeah. Tony Barassi: it

interacts on the global scale through institutions, through central banks, through, you know, mom and pop shops on Main Street. it's really is one of the most interesting, sectors, interesting industries to be in. I highly recommend it. whether you're young, whether you're old, whether you're looking for something to sink your teeth into, because ⁓ trading it's, it's, one of the best, one of the best jobs. Adam Gibson: Mmm. Tony Barassi: for a multitude of reasons, because if you get good at it, you can get paid, of course. But also because you don't need an education to be in trading. Okay, you don't need to go to an Ivy League school to be successful in trading. Of course, you need a degree to do it professionally from an institutional standpoint. But can trade successfully at home and do extremely well without ⁓ a in anything. As long ⁓ as have ⁓ a strategy, proper headspace, proper mentor. So all else equal it's one of the best things that I believe any anyone can do or at least try to do Adam Gibson: All right, you've got, I think you told me an 18 month old baby boy. And so you're young father in that regard and you see what future do you envisage for your son and your future kids? Look, this is a big question, I know. I know it's a big question, but sitting here as a young dad in the US right now with what's happening and knowing what the markets, and I mean, you've been like, Tony Barassi: Yes, yes sir. Yes, It is a mess. Yeah. Adam Gibson: you know, gut feeling on where it's heading and what are you concerned about and also what you're hopeful about. And this is a big one. Tony Barassi: Yeah, yeah. Absolutely. Absolutely. I love the questions. It's a it's a hot seat without them. That's what it should be called. No, really. It's a it's a tough world. I definitely understand where people are coming from when they say, you know, I don't want to have a child because I don't want to bring them into this hellscape that we've created. Right. And it's seemingly coming true every single day. Right. Especially especially if you watch the news, the terrible, terrible news. Adam Gibson: Yeah Tony Barassi: But what I envision, both short term and long term, at least here for the US and then maybe how it translates globally, is that we have a problem. We have a major problem on multiple fronts. Inflation is still not really under control anywhere, ⁓ would like to add, because I know that the central banks in ⁓ Australia are raising rates, ⁓ ⁓ plays into You can't get a mortgage. can't do many things. Your credit cards start to cost more. Your auto loans start to cost more. You can't buy anything. Your dollar doesn't go as far as it used to. And it's slowly but surely continuing to fulfill that prophecy. ⁓ I'm always cognizant of what's going on and I do like to say that I am not a nihilist, but am hopeful for the future ⁓ that there is opportunity globally. That's what I like to say for many people. And I think it's always funny. They say the American dream now isn't to, ⁓ you buy a house and stay home and, you know, have a family. The American dream is to get out. of America, which is a extremely stark reality. ⁓ Adam Gibson: Hmm. Is that right? That's starting to become a fairly common thing, Tony Barassi: It is, it is, especially amongst the younger generation for sure, because of the affordability crisis that's happening here. And like I said, of course, no one, no one's really agnostic to it across the globe, the affordability crisis is tough. And of course you bring in AI, you bring in, you know, as we were saying earlier on the healthcare woes that we have gone through as a human race, just in the last five years, you know, be it COVID, be it, you know, all the other plagues that are coming out of different parts of the world. And then the government response, right? Trust is just, I really, I would not want to work in the government for sure. And I definitely wouldn't want to be a PR or a public relations person for any government right now. How do we get the people to trust us again? I would just quit at that point, because you have a hard job for you. It is a very good question. Adam Gibson: Yeah. Yeah. Tony Barassi: I am hopeful for the future in that, you know, something has got to give. don't think that we can continue just dropping bombs across the globe and expecting, you know, nothing to happen. I think that we've gotten to a point where the U.S. economy is an extremely robust economy. think the Australian, the Asian, even the, you know, Europe, the economy, we're all very robust and we all have a lot to give. And it's one of those things you got to lay down arms sometimes and you got to, you know, hug it out. That's it. So I'm hopeful of that, you know, why can't we all just get along type thing. But nonetheless, I'm still very, very bullish on precious metals. For many reasons, there is a credit crunch ⁓ over here in the United States. If look at the if you look at the price of bonds, if you look at the Treasury market, you look at the Bitcoin market, which is always an extreme tell for, you know, speculative assets. Adam Gibson: Heheheheh, no. Tony Barassi: It was always a tough thing. People started to say when Bitcoin was at 120,000 that it's digital gold, it's digital gold. And then the 50 or 45 % sell-off that ensued after that, it's been tough. I do think that there are a lot of global government actors that are working beneath the surface to kind of erode Bitcoin from... Adam Gibson: Hmm. Tony Barassi: what it's trying to be, right? A decentralized currency. You know, so I think it's definitely worth a look. It's definitely worth a look if it's 70,000 US dollars now. But nonetheless, precious metals, that market has just gone berserk. Because like said, because of the credit issues that have been coming up because of, you know, the central banks constantly buying it hand over fist because they just kind of like us, don't trust the government and You know, you'll hear me, you'll hear me say it if you guys join into the webinar. It's not just us that doesn't trust the government. The central banks also don't trust the government, but they have the power to actually do something about it. So, ⁓ know, you constantly see the DXY, the dollar index going lower and lower. So the dollar is being again, eroded in value and what's going up, ⁓ are those dollars going in? They're going into things like gold, going into things like, you know, silver to a smaller extent. Adam Gibson: Hmm. Tony Barassi: but real assets to protect real wealth. Adam Gibson: That's a good one to land on, think, and maybe wrap up on, mate, because I think that's a lot of us realising that real assets have, you know, it's, touch and smell it as you said earlier. ⁓ Yeah. Tony, thank you, mate. I really appreciate your time and insight into this, because I'm genuinely curious, you know, what happens inside these institutions. And I think ⁓ your on it has been really valuable. And look, we'll post the link. Tony Barassi: outperformed. It's the safe place. Yeah. Adam Gibson: So the webinar is next week. I think it's night next week, So it's the 19th today in Australia and the webinar is on the 26th. ⁓ But yeah, I'll have a link. So if you're interested to register folks, have look on the show notes, grab spot. think it's a hundred people only. Tony will showcase. Just us quick. ⁓ Tony Barassi: Perfect. Adam Gibson: Tim, one minute snapshot. What were you run through on that webinar? I watched people show up. Obviously you're to talk more about your strategy and demonstrate it, but tell us a bit more. Tony Barassi: Yeah. Absolutely. Absolutely. So I mean, should tune in if you want to learn something, ⁓ I'm going to be you know, covering again, what's kind of going on ⁓ the hood on the global precious market and what's going on there, I'm going to unveil the indicator, you're to be able to see it, touch it, feel it, you know, and I'm going to walk through ⁓ the strategy you that you'll be using. Should you should choose to take a shot, you change your life? Adam Gibson: Mm-hmm. Tony Barassi: ⁓ And then you know right at right at the end we're gonna we're gonna do some Q &A so I mean I love the questions I know that sometimes I go off on tangents, but I got a lot to say I'm sorry about that, but nonetheless it's gonna be very informative gonna be very interesting ⁓ for sure you can come in and you know take a look at an opportunity Adam Gibson: Beautiful. Thanks, Tony. We look forward to next week. We'll do this again in more depth on the webinar. All the best. Tony Barassi: Awesome. Thanks so much, Adam.