(12/22/2025) | AUDIO CHAT 194 | SG Sits Down w/ Kirk Elliott PhD: Silver Making History The Death of Centralized Banking

➡ The discussion on the Q News Patriot Rumble Channel series focuses on the significant increase in the value of precious metals, particularly silver, in 2025. The rise in silver prices, from $28.92 per ounce at the start of the year to over $60, is attributed to low supply and high demand. The London precious metals exchange is running out of silver, causing refineries to increase lease rates and reduce their inventory. This situation could potentially lead to the bankruptcy of London as the financial center of the world, with China possibly benefiting as they aim to make the Shanghai Gold Exchange the new global hub for gold and silver.
➡ A major trading platform halted trading for 10 hours due to a supposed technical failure, but rumors suggest it was due to a massive request for physical silver delivery. This event caused a significant increase in silver prices, which is also fueled by high demand and low supply. Silver is not only a financial metal but also used in various industries, adding to its demand. Despite reaching an all-time high, the price of silver is expected to continue rising due to unchanged market fundamentals and a shift away from central banking towards decentralized finance.
➡ India has started using silver to back its currency and has allowed pension funds to include gold and silver in their portfolios. This, along with a decrease in supply, is expected to increase the demand and price of these precious metals. The Federal Reserve is lowering interest rates to stimulate the economy and is buying U.S. treasuries, which is causing inflation and making tangible assets like gold and silver more valuable. The value of silver is expected to continue rising, outperforming the stock market, due to increased demand and a loss of confidence in the banking system.
➡ The article discusses the current economic situation, highlighting the end of the Japanese yen carry trade and predicting a significant stock market correction. It suggests that the global economy is facing challenges that cannot be fixed by the U.S. alone, including crises in Japan, China, and Russia. The article also emphasizes the potential for growth in precious metals, particularly silver, due to its increased demand and stagnant mining supply. It concludes by discussing the political implications of these economic trends, suggesting that they could lead to a shift in power during midterm elections.
➡ Dr. Kirk advises that in the current economic climate, it’s wise to invest more in precious metals like gold and silver, as they tend to thrive during inflation. He suggests that diversification doesn’t always mean safety, and sometimes it’s better to invest more in a positive trend. He also warns against trusting in bonds and politicians to fix the economy. Lastly, he encourages people to reach out for more information on how to move their money into physical gold and silver.

Good afternoon, patriots, and welcome to the 194th audio chat on the Q News Patriot Rumble Channel series. I am the QNews patriot, joined again today by Patriot Silver expert and analyst Dr. Kirk Elliott. From Kirk Elliott Precious Metals, my name is SG and on patriots, as we look at year 2025, I think it is sort of the understatement of the year, if you will, to talk about the meteoric rise that has happened in the tangibles, value, space and, and especially in precious metals, including silver and others. Silver itself started the year on January 1, 2025 at a $28.92 per ounce estimate.

And as of today, as of the recording of this show, we are well over $60. Dr. Kirk, it is incredible to welcome you back for this historic discussion and for a quick end of the year recap. Thank you for coming back to QNews Patriot. Oh, it’s so great to be with you, SG and you’re right. It’s like when you look back to some of the forecasts that you and I have made and some people calling say, kirk, you’re crazy, it’s like, don’t know. It’s like, don’t pull anything out of the air. Everything that you and I talk about is sound fundamental analysis, right? And, and what we’re seeing right now is I think, the end of an era where people who used to trust the government, who used to trust their banks, which 10 years ago it was fine to trust your banks, right? But banks are undercapitalized.

Nobody trusts the government anywhere in the world. Right? And we’re starting to see the end of the inflationary debt spiral playing out right before us, which is why silver has moved from 28 to 64. As we record this, it’s up 120% year to date. Those kind of moves don’t happen out of the blue. They happen for strong fundamental reasons, which are, as an economist, it’s simple. Low supply, high demand. Everything in life boils down to that. SG So I don’t care if you’re buying a bicycle or eggs or oil or gas or real estate or gold or silver, it’s always supply and demand.

Well, I think I remember on the last, it was either the last show we did or the one before, which is like, this goes back months. We were sending out the warning signs that London lbma, the main depository exchange in the world for precious metals, was running out, right? So sure enough, they’re like running out. They have none left. They can’t fulfill exchange for physicals or efps from manufacturers who are saying, hey, we want to cancel our or lock in our futures contracts and take delivery. Because in the world of futures contracts and everything else, nobody ever settles for delivery that would say, okay, let’s lock in our profits, we’ll go from paper to paper and just roll our next futures contract over, right? That’s not happening.

People are wanting physical delivery because they understand if you’re Sony or LG or Lockheed Martin or Tesla or anybody else, anybody in the solar industry, Samsung in particular, as of late, it’s like they’ve got big projects, whether it’s solid state silver batteries from Samsung or Tesla and their electric vehicles or solar. I mean there’s no silver in London. And what people need to realize is all roads lead to London, all of them. It’s the financial precious metals capital of the world, right? So even if you’re buying stuff, something here or in Europe, it has to go to London to settle and then they distribute it to the rest of the world, right? So but they’ve run out.

Literally they’ve run out. So because of that, the banks who settle transactions, right, even if it’s a 72 hour settlement, they’re saying, yeah, we don’t think London’s going to get out of this. We’re going to jack up the lease rates to 100%. So imagine what does 100% lease rate mean? It means if silver is $60 an ounce to keep metals in inventory to sell to dealers like me or anybody else, right? It’s 100% finance rate a year. So $60 a year for $60 an ounce silver. So at 100% lease rate, that equates to about 15 cents a day per ounce that refineries are holding to sell to people, right? It’s called the free float.

So here’s the interesting thing. Refineries in North America are saying we got to get our inventory flat. We don’t want to carry anything for people like Dr. Elliot’s firm or any other firm on the planet. We don’t want to keep inventory so they can have it because it costs us 15 cents a day per ounce to store it. Now the lease rates came down, but now they’re bumping back up again. Why? Because the banks don’t think that London is going to succeed, right? So here’s the problem. It’s not that there’s a lack of silver. SG China has it, India has it.

I used to think Comex had it. I don’t, I’m not so sure anymore, right? But, but so I, I remember, I think it was the last show that we did, we were talking about how gold and silver from around the world were making its way back to New York, right into Comex. And people thought these stories of, well, Trump is going to, he’s going to nationalize gold, he’s going to back up our currency with it for whatever reason, or maybe it was because they were going to audit Fort Knox. I don’t care what the reason is.

Silver and gold left the rest of the world and came to New York. Now with Trump’s tariffs, why, if it’s in Comex, would they help out London and say, yeah, we’ll send you the inventory back that you need to fulfill contracts. If maybe three weeks later a Trump tariff comes in on Europe and says all the gold or silver that you have there, we’re going to charge you 25 or 50% tariff to bring it back. Nobody’s wanting to do it, right? Nobody’s, nobody under those uncertain terms are going to say, we’ll ship it to London at 15 cents a day and it takes two to three weeks for it to get to London on a ship.

It’s like some of these refineries are going to go out of business, right? So, so here’s the problem. The banks don’t think that London’s going to get out of this, so they jacked up the lease rates. Now with lease rates being high, London’s not going to get any inventory. The lease rates don’t come down until London gets inventory. You see the dilemma? It’s like, oh my word, this is a problem. Circle of pain. I mean, it’s an absolute circle of pain. So then we navigate through this and we realize this is a circle of pain that might bankrupt London.

I mean, not London, the city, but London is the financial center of the world. Now who would want that, right? It’s not, it’s not the United States. If, if that happens, big banks that have short positions in gold and silver go bankrupt. The JP Morgan’s of the world, the bank of America. So it’s not the United States, it’s not a hedge fund or even somebody like blackrock. They don’t have the amount of clout that needs to be done when you’re doing this kind of an extreme measure. It’s gotta be China, it’s gotta be China who would actually thrive with London going out of business as the precious metals capital of the world.

Because they want the Shanghai Gold Exchange to actually be the gold and silver financial capital of the world. So therefore let’s not send metals there. Right. So, so this is the problem. Well, with that you’re seeing backwardation. So backwardation means that spot price is higher than futures prices. Well, in what world where people think that silver is going up in value and gold is going up in value, would the futures price be lower than the current price? Well, in a world where London needs it so bad right now, they’re going to jack up the current price to try to get inventory in.

That’s the world that we’re living in. It’s backwardation in financial terms. But they’re still not getting enough. They’re not getting enough. So we’re seeing this stratospheric rise in prices to take advantage of London’s on its last leg. Right. That’s like we need inventory. We’ll jack up prices even if it hurts us. Right. Because we have to fulfill these contracts and we might just have to pay higher prices to get it done or else they go out of business. Right. So we as investors say, okay, we identify this, let’s take advantage of it. It’s not our fault that London was so dumb that they overextended themselves and have over 300 ounces of paper contracts for every 1 ounce of physical delivery.

Doesn’t take too much for a major manufacturer or a country to say we want physical delivery and they don’t have enough. They simply don’t have enough. So that’s the backdrop of what we’re looking at now. There’s something that happened on Thanksgiving that’s an important story. So Thanksgiving, I’m sitting at my in laws house eating too much turkey. The tryptophan is kicking in. I just want to take a nap and watch football. Right? I mean this is what everybody does. So little did I know that something big was happening at cme, at comex, they halted trading. Sg so on Thanksgiving they halted trading.

Not. And this isn’t, this isn’t an abnormal situation. Halting of trading can happen if, if volatility in prices get so much that they think this is gonna run outta control. Let’s just close down the markets for just a little bit to calm things down. Normally that’s a two to three minute process. Right. They just halt trading for a few minutes, get a breather, people kinda come to their senses and then they open it up again. They halted trading for 10 hours on Thanksgiving. Wow. The story that they gave was cooling tower technical failure. Right. If you, I mean for all of you computer nerds out there, and I say that term lovingly, Because I’m a nerd as well.

But you know, if there’s a lot of data processing going that the chips get hot, the circuit boards get hot and you have to have a cooling tower. Well, if you’re the largest exchange in North America, you’ve got redundant systems, right? You’re going to have cooling tower B that you just shut off the first one, turn on the second one. But if the first one were broke, you don’t have to shut it off, you just turn on the second one. I guarantee you they have redundant systems. Guaranteed. Right, but yet they still went with that story.

And so let’s just say that it’s true. All right. Did it really take them 10 hours to start the new cooling tower? No, see, there was some kind of a request for physicals that was so big and we’re starting to see reports. Unverified, right? I hate to say unverified information, but there’s no way to verify it, that there was an associated person, an AP that requested 400 million ounces of physical delivery silver by the end of December. 400 million ounces, right. So that’s to put that into perspective. All of the silver mines in the world, all of them produce about 850 million ounces of silver a year.

Let’s just call it 900 million ounces. So in one trade, somebody wanted half of the global production to be delivered to them. It’s like, holy cow, that’s a reason to stop trading for 10 hours. Well, of course. And so they don’t name the name. We never know the names, which is why I can’t verify the accuracy. Right, but it’s an associated person in ap. So rather than defaulting, if you’re a big bank like JP Morgan Chase or HSBC or something like that. Right. Because that would default them. They don’t have enough physical silver on hand to deliver the free float.

Silver isn’t that much. London’s already out. But this tells me that Comex might be out as well. Right. So you’re looking at that rather than defaulting, they just stopped it and it’s like, oh, it just shut everything down for a while. Well, that kind of backfired because on Friday morning I turn on my computer early, I get into the office at like 3 or 4 in the morning, turn it on, it’s like, holy cow, SG Silver went from 54 to 58 overnight and the markets weren’t even open. Right. This is the wild part about their story, is that cooling towers, you have to have a lot of data Transmission going in for them to overheat.

Markets weren’t open, banks weren’t open. It was Thanksgiving, for crying out loud. But that’s the story that they ran with. So the next morning, silver’s up like four bucks. It literally went up like 11% in 48 hours. So this is enough to cause anybody that has a short position to actually lose money hand over fist. So, so then we go into the weekend. That was on Friday. We go into the weekend, Silver corrected from like 58 and a half down to low 57s. People said, Kirk, you were wrong. See, so look it, this is the beginning.

This is like they’re gonna manipulate the markets and they’re gonna drive the price down. It’s gonna go back down to 50 or in the 40s. It’s like, you know what? Next day it bounced back up. So there’s so much oxygen in this market that’s fueling this fire of massive demand and low supply. That was the Friday after Thanksgiving, the Monday after Thanksgiving. Silver was down to low 57. What’s it at as of now when we’re recording this? 64, it’s like, oh, my word. Silver is up 120% year to date. Gold is up. Not chump change. It’s up like 62%.

That’s not bad for a year. The year’s not even over. There’s still a couple of weeks left. I would take either one of them, right? But the difference, the main difference between gold and silver is that gold, gold is a financial metal only, right? It thrives on chaos, uncertainty, inflationary pressures, loss of confidence in the government or the banking system. That’s what always has caused gold to go up. Silver has all of that as well, except it’s got this extra layer of demand, which is. It’s a manufacturing metal. It’s used for industrial purposes. Everything from batteries to electric vehicles to solar to military industrial complex to, I mean, AI chips, cryptocurrency, mining, everything in life, circuit boards, right? If it’s electronic, it’s got silver in it, right? Might be small amounts, but it’s still got silver in it.

So there’s this extra layer of demand which makes silver dramatically outperform gold when you have short supply. This is the world that we’re living in right now. I mean, it’s wild because you and I have been talking about this for well over a year. And when I wake up in the morning and I keep looking at the prices going up and we’re up 120% year to date, I pinch myself, think, is this real? Right? I mean, I know that our analysis wasn’t wrong, but when you’re living under it, you think, holy cow, we were right. It’s like, it’s like this is the wildest thing I’ve ever seen.

Not that I ever thought that I was wrong. It’s again, low supply, high demand, prices are going to go up. Strong fundamentals and we’ve been spot on on the fundamentals and what’s causing the price. Whether it was the consolidation in 30s, the consolidation at 48, I get it. We talked about all that, it was gonna happen. But now there’s no consolidation points left because we’re in uncharted territory. Silver’s at an all time high and people call me every single day, literally every single day, say, Kirk, it’s against my grain to actually buy something at an all time high.

It’s like, well, do you have the markets changed? Have the fundamentals that caused that growth actually changed? Do we have global peace? Are the wars and rumors of wars over? Is the Russia Ukraine conflict over? Is there no longer tensions in China and Taiwan? I mean, is this over? Nope. Are we moving away from AI and cryptocurrency mining? Nope. Are we moving away from the green energy agenda and no more solar power and going back to oil and gas? Nope. What about electric vehicles? Are we just going to go back to gas guzzlers? Nope. Globally we are not.

Right. Whether you and I want that or not, it’s like, it’s like it’s the trend of the global economy. So the fundamentals haven’t changed. So even though we’re at an all time high, we’re going to continue on that trend because the fundamentals didn’t change. You know, people have said, Kirk, I didn’t invest in gold four months ago because it was an all time high. Well what is it now? Even higher. Right, because the fundamentals didn’t change. SG this is what we have to look at now. We, what we’re seeing over and above fundamentals is something that’s really interesting.

It’s the paradigm shift away from globally, not just in America, from what we’ve known for the last hundred years, which is central banking, fiat based currency, they can print money whenever they want to because they can. They have a printing press. They just, Jerome Powell puts on his sneaky little house slippers, tiptoes over to the, to the printing press and presses the red button. We’re going to press the red button and we’re going to create money. See that Era, I think is over. Central banking as we know it is over now. How do we know? Because of the massive move, not as of the last month where cryptocurrency and gold and silver have been rising together.

That’s the debasement trade. I would call that debasement. That’s the paradigm shift where people say, I don’t want banking instruments as we know it or the stock market or anything else. We’re going into decentralized finance. We’re going into crypto and the blockchain away from central bank, digital currency, just non CBDC crypto. And we’re going into gold and silver. That’s why they’ve been going up now as of late, crypto has taken it in the butt. I mean they are, they are. Crypto is collapsing, but yet gold and silver is still going up like crazy because central banks want it, they need it, they’re backing their currency with it.

So, so it was like a month and a half ago maybe that India said, we’re going to add silver, not just gold, but, but silver as well, to our strategic reserve to back the rupee at the central bank. Okay, that’s a big deal. No, central banks use silver to back their currency. It’s too cheap. But yet they did. Now yesterday the news came out that the Indian government said, hey, it’s okay for pension funds in India to have gold and silver as part of their pension portfolio. Okay, so up to 5% of assets under management. This is massive demand because India is not small.

Literally, there’s billions of people in India. That’s a significant tech based economy. It’s significant. And they love gold. They’re the second largest gold holder on the planet. They love precious metals. And now they said you can have gold and silver in your pension funds and your government pension funds. That’s, that’s demand already at a time when we have no supply. So what’s that going to do? Low supply, high demand, prices are going to go up. The Fed met and they basically said, hey, we’re going to lower interest rates by a quarter of a point. Right. Okay, that’s, I mean if I were betting man.

And. Yeah, they’re going to lower interest rate. They have to, to stimulate the economy because the housing market’s down 1.7% year to date. That hasn’t happened since the depths of COVID Right. So how do you stimulate the housing market? Lower interest rates, make the cost of financing come down. So they’ve got to lower interest rates. So lowering interest rates in a world where so many people on fixed income living on the yields from their bonds, and now their income is coming down. What do they do? They look for something that’s real, something that’s growing faster than inflation.

This is why gold and silver always do well. Like literally always. Always always means always. In a lowering interest rate environment, gold and silver goes up. So you lower interest rates because the economy stinks. Right? You want to stimulate it, but what’s the net. The net result of that lowering interest rates is going to cause the economy to grow. In theory, silver as an industrial metal thrives during economic growth as well. So it doesn’t just do well during times of economic growth horribleness. It does well when the economy grows. Gold and silver just don’t do well when things are static and just kind of complacent, but we’re not there.

Everything in the world is polarized right now. It’s either hot or it’s cold. It’s big or it’s nothing. Right? People hate each other because of religious differences, gender differences, political differences. I mean, the world is polarized and the financial market is a reflection of that. Well, goodness, when you hear that they lower interest rates, gold and silver is gonna go up. But that’s not even the most important part of this Fed meeting. What Jerome Powell said next and CNBC gave this, like, research paper saying, okay, these are five big takeaways from this Fed meeting. It’s like, there’s not five big takeaways.

Most of them don’t matter. There’s two. Number one, they lowered interest rates. Number two, he said, we’re going to resume bond buying again. Okay? It’s like, what is that? So the whole world is de dollarizing China, the BRICS nations are saying we’re dumping US Treasuries because the US Economy stinks. We don’t want them and we hate them. Why don’t we boost our own currency and buy our own currency? Right? So the whole world is de dollarizing. Who’s the buyer of last resort? Okay, of U.S. treasuries? The Fed. Because Jerome Powell has his sneaky house slippers. And you can go press the red button on the printing.

Press and print whenever they want to to fund anything. They are printing money to buy US Treasuries because the rest of the world doesn’t want them. So on Friday of last week, this started. So the, the Fed meeting was on Wednesday. On Friday, The Fed bought $40 billion worth of U.S. treasuries in one day. Okay? This is a lot of stimulus, right? So they’re printing money out of thin air. What is that? That’s inflation. Right. So times of inflation, tangible assets go up. This to me is quantitative easing on steroids because you’ve got lowering of interest rates, printing of money.

I mean this is pretty extreme equivalent to financial policy, life support. Yeah. I mean it’s an inflate or die scenario. I mean that’s how I’d explain it. You can’t fix some of this stuff through policy and administrative actions and other things. What you gotta do is do the nuclear option and say forget it, we know that there’s inflation. We’ve gotta keep this economy afloat. We’re going to buy U.S. treasury bonds which is going to create more inflation. So that’s what they did. Since then, silver is rising like crazy because economics 101 just the fundamentals of the markets.

Right. So, so as I look at this I am so pleased. My, I mean my heart is smiling which makes my face smile. Right. Because all of all of the SGNON followers and listeners that you’ve talked to and that we’ve talked to over the last year and a half, they’re at a massive profit. The silver’s up 120% year to date. Right. I mean so this is amazing but yet the other question that people ask me is Kirk, have I missed the boat? Right? It’s like silver’s so high. It’s like you haven’t missed the boat unless you don’t get on the boat.

Right. It’s like because that, what I think is coming is probably by the end of the year we see silver at 70 to 75 and by the late spring, early summer, 120 to 140. There’s still a doubling plus left in this. So you haven’t missed the boat unless you don’t get on the boat. Yeah, you’ve missed the growth from $18 to 64. But I think what’s coming is going to be even greater than that. Now another story that I want to share is is there was a signal that happened on the Friday after Thanksgiving and it’s a big one.

So what happened? The silver. When you compare charts of silver verse versus a broad based stock market index like the S&P 500. So silver against the SPX, it blew past it like it blew right past it. So which means silver is outperforming broad based stock market. The last time that this happened was, was in 2001. So in two. So I started in this industry SG in 2002 just a few months after that happened, well, silver was like $4 and 58 cents an ounce. Just call it 4 60. And that timeframe, 10 years later, it was 48.

It was a 10x increase. So that signal created overgrowth in silver that lasted a decade. So fast forward to today, the signal happened again, but it wasn’t when the bull market and silver started at 18 like four years ago. The signal happened the day after Thanksgiving when silver was $58 an ounce. That’s the new starting point. So the last move up lasted a decade and it was a 10x increase. Which is this one going to take us if it’s 10x? I mean that puts silver at like 580 bucks. Let’s just say it’s 5x. Okay, so then it’s like 270 or something.

I mean, literally what we have moving forward is not just a function of supply and demand. Supply and demand is a function of something else. It’s a function of people have lost confidence in the system. It’s a function of. In 2001, we didn’t have massive solar, we didn’t have electric vehicles were a. Who knew that there was going to be even a cryptocurrency in 2001, Bitcoin didn’t exist yet. Right? So now we’ve got all this demand in addition to the fundamental shift away from central banking as we know it, into the debasement trade of a generation where people are saying, I need something different, I’m going to get out of that system.

Banks have run out of money. The debt cycle has finished. And again, how do I know that the debt cycle has, has finished? Well, since the late 80s, the arm of global finance has been financed from Japan. This is called the Japanese yen carry trade. So what is that? That’s when the yen, even though they had inflation like it was nobody’s business, they maintained zero percent interest rates or close to zero. Well, that means the European Union, America, hedge funds, central banks everywhere, big massive international money center banks could borrow the yen at close to zero.

Instant arbitrage, instant profit. The same day they could invest in European treasuries or US treasuries paying maybe 3 or 4%. That’s instant free money because sovereign debt is supposedly the safest asset in the world. Because they have a printing press, they’re not gonna default. So you borrow at zero, invest in 3 to 4%. Well, this is how the global economy has been stimulated and growing even during COVID during all those decades. And it’s because Japan had zero percent interest Rates. Well, Japan’s interest rates got so much that about a month ago, the Japanese Central bank made this presentation in front of Japanese parliament.

Say we’re jacking up our interest rates again to slow down inflation. It’s the end of life as we know it. And congress people or whatever you would call them in Japan, the parliamentarians, they started standing on their desks and yelling and screaming and they said, you sit down, sit down, keep your mouth shut. Right? So in Japan, everything is all about protocol. So they sat down. But the interest rate went to 3.75%. That’s not much different than the US treasury, which is in the fours. So the Japanese yen carry trade is over because for that small difference in yield, why wouldn’t the Japanese just buy their own currency? So they’re going to dump the US Dollar, the carry trade is over, which means the financing arm for the global stimulus that we’ve seen over the last few decades is over.

So I’m expecting a big stock market correction, right? As this plays out, if there’s no finance, when companies are shutting down, inflationary pressures are persisting. Jobs, wages aren’t keeping up with inflation because we’re still dealing with Biden’s economy. It still takes about 18 months for any new president for their policies to actually see fruit on the tree. Trump is still dealing with Biden’s economy. Now you can blame that on Biden’s economy for about 18 months after that. Trump better own his decisions because then it’s on him, right? You know, counteract that with Biden who said in year four of his term, yeah, we’re still dealing with Trump 1.0.

It’s his fault that I stink. It’s like, no, after a certain amount of time, after about a year and a half, you’ve got to own. They never owned it. They kept blaming Trump. So Trump is, is accurate in blaming the Biden administration so far, but give it another six months. Trump’s got to own it. See, this is the problem because this is why in midterm elections a lot of times, if, if the current sitting president has the executive branch, he has the House and he has the Senate, that you flip flop, right? Because you’re still dealing with the former president’s policies and the current president says, I’m going to change things, I’m going to grow the economy, I’m going to do this whatever the campaign promises were.

And you don’t have enough time because two years is only six months. After that 18 month policy lag action, action effect window Right, So this is why you lose seats in the House. We might lose the conservatives. I say we meaning conservatives, freedom loving people. It might roll over to the other side and then what kind of stagnation are you gonna see? A lot. Right. So then no progress is gonna get done. So I’m thinking we’re sitting in this mess for a while and no matter what Trump does, he could fix everything, but he can’t fix the global economy.

That’s outside of the United States. Japan crisis is not going to be fixed. China’s crisis is not going to be fixed. Russia running out of money is not going to be fixed. That’s outside of us. So we’re dealing with gold and silver that are a global commodity, not just US centric sg. We’ve got a decade, I think, of growth in precious metals because of all of this stuff. I mean, this is the wildest time to be alive and the hardest time to be an investor. If, if you listen to your brokers, your advisors, everybody that you’ve used over the last 30 years saying, hey, when stocks stink, you go into bonds and bonds stinky.

Going to stocks, that’s how they operate in paper world. But it’s a paradigm shift into tangible assets are king, cash is king. It’s a change of not just supply and demand, it’s a change of the way that we view money. And this to me is like wild. This is why I pinch myself every morning. It’s like we’re alive right now and we don’t have to operate out of fear. We don’t have to put our head in the sand and think, oh, it’s judgment day, it’s Armageddon, we’re going to lose everything. No, identify these trends, allocate into them, and you’re going to have a smile on your face just like every single one of my clients has had over the last year.

When silver’s up 120%, who cares what’s happening financially everywhere else? You’ve used the wisdom that God has given you to identify the trends, act accordingly, giving you the courage and the boldness to do the right thing. And you’re prospering like crazy. Crazy. So anyways, that’s. I try to pull the economic puzzle pieces, the political puzzle pieces, the social puzzle pieces together, put them all together to make a nice big picture. And that’s how I see it. Well, it’s interesting. It’s the perfect storm really, for this setup that you described, this signal that had just come after Thanksgiving Day.

As we look at the complete Reorientation of world financial markets and ecosystems. And I think now we have to acknowledge that that is a real thing that’s happening right in front of us right before our very eyes. I think we have to keep in mind that as we watch that process continue to explode into the future, you’re going to have moments of growth, moments of slowing a little bit, moments of meteoric growth some more, moments of slowing a little bit. Because this is sort of the dovetail, if you will, of all of creation. There’s a light and a dark, a yin and yang, if you want to use that terminology.

But something that I find interesting. You talked a second ago about silver having the added layer on top of gold. And I really want to drill down on that for a minute because we can see that all of the major markets have increased dramatically over the last last three to five years. Copper, platinum, palladium, zinc, cobalt, gold, silver, all of these different markets. But silver sort of has a unique and special place. This article that I’m reading from for the audience out there can be found on Yahoo. Finance. It was published 15 December. The author appears to be in Isaiah McCall.

And this article talks about the overall forces that are going into the demand that Dr. Kirk, you talked a moment ago is setting us up for a significant period of growth. And down here in the article it says silver has surged more than 120% year to date, outpacing gold and copper and virtually every cryptocurrency outside of zcash. Despite the vertical rally though, strategists say the move likely is not over yet. A veteran market analyst put it bluntly, silver is simply gold on steroids. Unlike gold that lives and dies by monetary policy and risk sentiment, silver also has a chain to global industry.

And 2025 has become a perfect storm. Between the solar, the electric vehicles, the trend that feeds directly into an overall metals price, plus the Silver Institute’s participation that process. And down here it says in the article, silver outperformed gold by more than 70% on a relative basis for the last quarter. According to the Silver Institute, the industrial demand for the metal simultaneously hit an all time high, yet mining supply stayed flat for the third straight year. And that’s something that I want to drill down on what you were talking about just a moment ago, setting us up for this really explosive rise in value as we look at the mining supply, the physical world intersection that does not appear to have changed very much and it does not appear, based on the trends, Dr.

Kirk, that it’s going to Change anytime in the very near future. You know, as we look at the next 12 months, what does that really mean for the United States of America? I mean, so this is probably why Trump added silver. Well, the Department of Interior via Trump added silver as a strategic or critical mineral. Right. So that makes it a matter of national security when it’s on that list. Right. So what he’s trying to say is we’re going to make sure that the silver that’s produced here is for us. We’re not going to export it everywhere else.

Right. But this is how, when you’ve got the Supreme Court, just. The headwinds that Trump has are insane. SG whether it’s the global bankers, whether it’s the political establishment, the IMF, the G20 nations, they don’t want us to succeed because that would put America at the top. Right? So Trump has these massive headwinds and the Supreme Court saying, hey, Trump, your tariffs are probably illegal. We’re going to decide on that. Okay, so in certain things, how do you bypass it? Doesn’t even matter what they say. Well, you put silver on a critical materials list, then it becomes a matter of national security.

You can tariff those nations. Right, which is why the lease rates went up on silver, because the banks know this. It’s like, well, boy, if you put a tariff on silver and Comex is shipping silver to London and then they need it back three weeks later, it’s going to cost 25 to 50% more. Whatever the tariff is, they’re not going to do it. This is the chicken and the egg scenario that we talked about. This horrible cycle of I don’t think London is going to come out of this shining right. I think the world has changed, and unless we adapt to that change, we’re going to sink with the ship.

But this is where wisdom and knowledge and discernment, intuition, everything comes into play in your decisions. Like I have. I have clients calling me every day. It’s like, kirk, I’m afraid that my bank is running out of money. I’m afraid that the banking system as we know it, I’m not going to have enough money for retirement. And I don’t think that they’re going to last. I said, so what do you want to do about it? It’s like, well, maybe we should put 10% into silver. Then what are you going to do with the other 90%? Or just going to keep it in the bank like I thought? You thought the banks were going to fail.

Well, yeah, but diversification models. And my advisor tells me don’t put too much in metals. So you’re listening to somebody who’s advised you into a position that stinks. So much so that you know that you know that you know that you know that you need to go in gold and silver, but yet you’re only going to do 10% literally. I don’t think you can overalllocate into metals right now. Companies can go bankrupt like Bed Bath and Beyond or Enron or whoever else and it goes to zero in a massive market systemic failure where the stock market collapses.

That’s going to cause gold and silver as a flight for quality to continue to go through the roof. So don’t be afraid of over allocating into a positive trend. To me, diversification doesn’t equal safety. Over allocating into the positive trend equals safety, right? So, so I would over allocate into this trend because everything that you just said is playing out right underneath our nose. And I think the only way to safety for now, I’m not talking about three years from now, five years from now, ten years from now. I think that things are fixed at some point, some way, wages increase, manufacturing comes back to America, people start spending again and the normal traditional markets go up.

But boy, as the world is being de dollarized, I would not have any money in bonds like nothing, right? I wouldn’t, I wouldn’t trust that politicians that broke things have the capability to fix things, right? So, so I would allocate into the alternative assets like precious metals that, that thrive during times of inflation. In time we’ll get out, we’ll get out of silver when the time is right. We’ll get out of gold when the time is right. Our goal as wide and prudent and wise and prudent investors is simply be in the right place at the right time and allocating into that strength because ultimately that’s what minimizes your risk and maximizes your return.

Fantastic and wise words indeed. Dr. Kirk, my last question for you today deals with those that might be a little bit of the pessimists or the cynicists out there. What would you say to those individuals that are worried about over monopolizing their portfolio not being diverse enough? And where can people go to learn more and reach out and get more answers to their questions? I wouldn’t be worried about it. I mean, were you worried about it in leading up to 2009 when your broker said you’re safe, you’ve got a diversified portfolio and then 2009, 2011 happened and people lost 40% of their value that took like literally five years to recover from.

Or in 2000 when everyone said the Internet’s the wave of the future. Were they wrong? Nope. They were right. Right. The world changed. The Internet was the wave of the. But tech stocks came down 80% after that speculative blow off. It took like eight years to break even again. Is the stock market higher than it was in 2000? Yep, a lot. Is it higher than it was in 2010? Yep, a lot. But why ride out just because this is normalcy bias, Right? Where it’s like, ah, didn’t really impact me in the past. I’m now greater than I was before.

Don’t, don’t write a trend up and then ride it. And at the right time, that’s how you maximize your profit. So. So that’s what I would say to that. Now. How do you do that? So a lot of people think that you can’t do a 401k if you’re still working there in precious metals. By and large, that’s true. But if you’re over 59 and a half, you can take your balance to zero, roll that into a traditional IRA that you can put into physical gold and silver coins and bars. Not paper, not ETFs, not mining shares, not any of this stuff.

It’s all garbage to me. Tangible assets. So if you’re currently working at a company, you’re over 59 and a half, just do an IRA rollover, you’re under 59 and a half. Kind of stuck. Not your plan, sadly. Hate to be the bearer of bad news, it’s your employer’s plan that you’re a participant and they don’t offer physical gold and silver. Right. So. But if you have an existing ira, roll that to a new custodian that allows you to have physical gold and silver. You’re concerned about your money in your bank or your brokerage account. You can move that into physical gold and silver that you take delivery of or store to depository.

Everybody’s different. There’s not a wrong answer. There’s just what is best for you. So give us a call. You can go to the link that you’ve provided on this show or you can simply call us at 720-605-3900 and say SG sent you. Right. And then we’ll take care of you, work through all of that process. It’s real easy on our end. All you got to do is fill out a form and wire the funds and we’ll take care of you. And my team does all the having list lifting on the rest of it. Words to reflect on.

As always, Dr. Kirk, this has been a provocative and enlightening conversation. I really appreciate you coming on so close to the end of the year. We hope you have a merry Christmas with you and yours. For the audience out there, a Merry Christmas to you as well. And I’ll be back with each and every one of you again soon on the Q News Patriot Rumble Channel. God bless everybody. Stay safe today. Thanks. Bye Bye.
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