2026 MIDTERMS GOLD: Judy Shelton Gold Silver with Micah Haince

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Hello and welcome to the bi monthly podcast with our chief financial sponsor, Noble Gold Investments. And we have with us as always, the one and only Mr. Micah Haynes, senior sales manager for Noble Gold, joining us to have yet another meaty and substantial discussion about the current state of precious metals, where it’s headed, the midterms, and everything associated with that as it relates to your economic financial landscape. If you’re new to the podcast, please do like subscribe and share. Helps the channel grow and others gain the knowledge you’re currently being afforded. As you know, Micah has been with the company for well over 10 years, has precious metals investor himself, husband, father, has a stable list of clientele, and he has even worked with some of you in my audience personally.

And I’ve received good feedback about both him and the company, which is why we’re so honored to have them as our chief sponsor and really get to the deep dive of things to help you win in this new global reset in which we find ourselves. And I’m honored to have him back as always. Micah Haynes. How are you? Good, sir. I’m well, John. It’s always a pleasure. Thanks for having me on. Oh, it’s my privilege. Okay, so first question out of the gate. Micah. We’re currently seeing a fascinating tug of war in global macroeconomics. On the one hand, the recent rise in global government bond yields has boosted the relative attractiveness of debt securities compared to non yielding assets.

While on the other hand, exploding government debt levels are rapidly escalating with concerns over the actual credit risk of these sovereign assets, making a strong case for central banks to step up their gold allocations. Particularly in countries like China. When you layer ongoing geopolitical risks on top of these credit and exodies the structural case for further central bank diversification into physical gold seems more compelling than ever. How do you see central bank reserve managers balancing this modern paradox, navigating the allure of multi decade high bond yields against the rising systematic risk of the very governments issuing them.

And what does this dynamic tell us about the long term future of global reserve assets? Yeah, great question, John, and a lot there. I keep it kind of simple for everybody that higher yields on bonds don’t fix excessive debt. It’s not just the US that’s in an astronomical amount of national debt, it’s the entire world. It’s every country, every country being on fiat. And obviously higher rates makes debt servicing more expensive. That has a lot of repercussions for the economy. Creates financing pressure, pressure on the banks, and to be honest, all of this just really strengthens my long term view and the case for gold.

Central banks are looking beyond interest payments and they’re really thinking about how to protect themselves, how to protect their countries and their citizens from a sovereign debt crisis, from an inevitable currency crisis. And my message to invest here is to consider owning the same financial insurance that the central banks have been accumulating like crazy at historic levels. And obviously that’s gold. So we should want our own monetary reserves to be in the same types of monetary reserves that the smartest, biggest, wealthiest institutions in the world. They’re obviously all driving toward some kind of gold standard and accumulating gold like it’s going out of style.

I think that people should be trying to do the same and emulating that. Yeah, follow the leader essentially. Exactly. Yeah, good point. Thanks, Micah. Secondarily, we’re witnessing a historic structural shift in how physical wealth is distributed globally. The vast majority of gold entering China and Hong Kong is disappearing into an absolute black hole. It flows in relative to massive historic levels, but it never comes back out to Western vaults. Simultaneously, the World Gold Council reported a staggering record breaking Q3 where over 30 billion net flooded into unsecured gold ETFs and paper price proxies globally. When you contrast the east aggressively swallowing physical bullion for gold with the west piling up of massive fiat capital into unsecured paper proxies, what does this tell you about the widening disconnect between physical ownership and paper tracking? And are we seeing the early stages of a physical supply squeeze as global liquid shifts permanently eastward? Yeah, as a bullion dealer, obviously dealing with this every day.

John, you know that over the last year or so that we’ve been doing this show, I have had various intervals where we have been very tight for supply because of, because of demand being so strong. That’s waned a little bit. We’re still steady, of course, but we do not have that same type of pressure. But the global circumstances that you’re discussing are really important. We have had that flow of physical eastward. It’s never coming back. See, physical premiums, the price you pay for an ounce of silver or an ounce of gold in China is higher than it is here because they know its true value and that it’s, you know, the price discovery we’re going to experience obviously leads to much higher prices in gold, but they value the tangible commodity itself.

Whereas Western markets still think that it’s, you know, appropriate to have exposure through ETFs and paper instruments that are really just a representation of, of, of the commodity, and we obviously believe in holding it yourself. We think that at the end of the day when we have these various issues, whether it’s a stock market crash, a bond market crash, a housing market crash, all, you know, the everything bubble that we’ve discussed many, many times, the idea that when you really need financial insurance, it has to be the real deal. You can’t power any of the, you know, technological uses of silver with paper silver.

You need the actual thing kind of battle for the actual commodity and that flow eastward has been ongoing. But I would say that, you know, having strong paper demand in the west and even stronger physical demand in the east is a very powerful combination for gold. To me, it’s really about when again, kind of to my further point, do people realize that you, you can’t rely on the paper representation of the commodity itself to perform that same function as being the only asset that has no counterparty risk, no financial system expos, no currency exposure, no debts or associated, you know, leverage, anything like that.

And obviously no contractual, you know, on, on paper they can just tell you, hey, we’re settling you for cash. You’re never going to get your metal right. These contracts that you think you own in actual metal are really just, you know, it’s just, it’s just paper. Right. So at the end of the day, I’d again look at the emphasis on the physical commodity. We believe in that. I believe in that. That’s where things are going. That’s where people need to be. Yeah. Essentially what I hear you saying, Micah, is it’s when you’re holding the paper, you’re holding a debt instrument that you can’t guarantee versus the physical that you can in your possession.

It comes back to that. Again, there’s, there’s no difference between owning paper gold and owning dollars other than you do have exposure to price action. So if gold’s up or down, your paper instrument that reflects the price action is, is up or down, you know, relatively the same amount. But at the end of the day, if you say, hey, I want the gold that’s supposed to be underlying these ETF shares know contracts, if there’s really nothing there, then you’re not going to get anything back but dollars. The whole point of actually owning the physical metal is so that you own something that is, you know, not, not dollar denominated.

A 1 ounce silver coin is a 1 ounce silver coin in every single country in the world. We all value it at different levels and in different currencies, but it is universally regarded as the Best form of money there is. And so at the end of the day, if something happens where you say, I need my metal, well, if you don’t already actually have your physical metal, you won’t get your physical metal and you’re out of luck. Exactly. Which goes back to what you said Micah, earlier this year when I was thinking about this in our pre production discussion, is that you said earlier this year around January, February, when metals, silver particularly, spiked to 120, 121 an ounce, I believe was its apex.

You were saying, and you’ve been consistent in this message from my experience with you, that at some point here, as metals inevitably come out of the suppression, it’s now less of a price issue and more of a supply issue and can’t guarantee that you can actually get what people want. Yeah, and I, I fear that situation, John, where people call and say, you know, hey, I want silver, I want gold. There won’t be any shortage of demand for the metals at the retail level at some point. Unfortunately, that wake up call or that kind of realization normally doesn’t happen until a crisis is upon us.

For most people, they won’t prepare proactively. And so when you call and say, hey, I’m ready to go, I might unfortunately be in a position where I’m saying, well, I don’t have exactly what you’d want or what I’d like to sell you, but here’s what I have left. And again, that’s kind of my biggest fear is not being able to actually have the supply to satisfy the demand that’s coming. And because that part needs to be underscored, there is going to be the most massive, absolutely gargantuan rot of capital from intangible assets like stocks and bonds into physical assets.

And again, we’re seeing this, this trend and this shift already occur at the highest levels, at the smart money levels, at institutional levels, at sovereign levels. But the retail is, is always, it’s notoriously, they’re holding the bag right into the, you know, the last minute, the 59th minute, in the 11th hour. Yeah, we’re just trying to get. It won’t be until something happens that they rush in and there’s so much money out there that’s going to chase so little gold and silver as far as availability goes that, you know, again, I, I’ve been doing this and preparing for over 10 years.

I think I’d rather be 10 years early than, you know, 10 seconds too late. Yeah, I was just gonna say, yeah, absolutely. I was gonna say they’re a little late. Retail has traditionally been late to the party because they we’re going to talk about that later with silver but they’ve been trained to buy it high instead of low. Buying the dips following the leaders. Back to your first, you know, comment on the first question. And we just want to get as many people to that party before the doors pervert close. For decades there has been a persistent macroeconomic pet theory, often dismissed but increasingly discussed in alternative financial circles, that a terminal breakdown in global debt sustainability will eventually force a systematic reset.

The core of the idea is that when coincidence in the current fiat system truly begins to unravel at the seams, treasury, central banks and the world’s largest trading nations will have no other choice but but to convene and deliberately revalue gold to an exorbitantly high multi thousand dollar peg to restore balance sheet solvency and inject trust back into an evolving structural financial system. How do you evaluate the mathematical and political feasibility of such a coordinated new Bretton woods style gold revaluation if global authorities were backed into a corner by a sovereign debt crisis? Is a top down revaluation of physical gold a realistic tool for financial survival? Or does modern fragment geopolitics make that kind of global cooperation impossible? Yeah, you know, I’ve been talking about the inevitability of a massive repricing in gold and silver and there’s obviously the pet theory that you, you know, to steal your term, the pet theory that we could have gold and silver proactively revalued as monetary metals to new highs or to whatever level the government chooses, you know, as reasonable in terms of being able to generate cash in the gold revaluation account to be able to wipe the debt or use that money however they see fit.

There’s a very smart analyst that I’ve been listening to for years and he essentially says the only way out of this sovereign debt crisis is to A revalue gold much higher or B essentially inflate the debt away. Unfortunately, I think we’re probably seeing scenario B play out. And again, it’s not just us in the US it’s the entire world that will choose to inflate away their debt. And I’ve said many, many times on record here with you John, that no government necessarily wants to hamstring themselves on the brink of an economic crisis or a financial crisis.

They don’t want to tie themselves or handcuff themselves to a gold standard that limits their ability to print money. We’re going to need to Print more money than anyone can imagine in the next financial reset. More than 08, more than 2020. You know, I’m thinking in the range of 20 trillion plus is what will be printed in the next crisis. Nine trillion is what was printed during the COVID crisis. So I think that markets will themselves eventually reprice gold to levels that are kind of unimaginable. And that’ll be because the continually eroding level of confidence that people have in fiscal policy and in governments to manage their debt levels and their currency in a satisfactory way, that means that people can hope that their life savings are actually worth something.

If we’re printing money at this point, at this rate, which again I think is inevitable, people will not be safe from the effects of inflation or hyperinflation. And so I think eventually we get there to a new gold standard and much higher levels in gold and silver, but not until after we’ve really killed the confidence that people have. And I don’t talk to many people who have a ton of confidence in the dollar. I know you don’t either John. But at the end of the day, getting to these bigger levels of twenty plus thousand dollar gold, 3.5plus hundred dollars silver, I think those could be low levels in a scenario where governments are going bankrupt and fiats are being printed into infinity.

I agree. And I also would add Micah, thank you. That I think those numbers are going to come in a much faster acceleration than people think or realize, which is why we’re emphasizing this in the not too distant future. And also you made a good point about COVID is that under the guise of a virus, what was going on behind that was actually the banks were almost dead and they had to print themselves in on life support essentially to your point, to save them. And that’s really the crux of what was going on at that time.

According to a recent analysis by Metals Focus, Gold is facing a delicate near term balancing act. Again, on one hand, sticky above target US inflation, potentially prolonged by energy price spiking from geopolitical conflicts like the one in Iran that will be dealt with threatens to trigger further Federal Reserve tightening, presenting a real headwind for metals investment. Again the other hand, there is an argument about a full blown rate hike cycle that is highly unlikely because severe risk to economic growth will ultimately constrain the Fed from tightening too aggressively. As the Fed finds itself trapped in this trade off between inflation and growth and with US equities still hovering at record levels, how do you see the specific stagflationary environment reinforcing gold’s role as a portfolio diversifier.

And if the Fed is structurally preventing, prevented from truly breaking the inflation, does gold become the ultimate default asset for institutional capital? To take your question kind of in backwards order, I think gold will end up being the only option for real monetary safety. I think institutions are already doing that. We’ve already touched on that. That was part of the first question. But it’s when retail activates that, that mentality that gold’s the only place to be and normally retail investors are in stocks and bonds. 60, 40, 70, 30. When you see in the past when the reason that allocation exists is when you saw stocks drop, you’d see bonds go up and they kind of create a little bit of a balancing act.

And now actually, well, 2022 was the first example, but now I believe that we’re in an environment where stocks and bonds will continue to drop together. And in that environment, the only safe place for institutional or retail money is going to be in the, you know, the one asset that can guarantee it can never go to zero and that has no counterparty risk and currency risk and systemic risk, etc. Now the Fed is in a very delicate position. They’ve got a bit of a trade off. They can obviously let inflation continue to rise with like you said, higher oil and geopolitical conflicts and, and money printing etc, or they can, can be hawkish like they have and continue along that path.

And I’ve always said this, there’s kind of what the Fed wants to do and then there’s what the Fed will do. Right? There’s the intention that they have, which is they want to get inflation under control. Now if that implies that we’re going into like you say, a new rate hiking cycle, and that means that, you know, several quarters and several meetings, potentially you know, a year or two of, of raising interest rates, well that just creates an immense pressure on an industry or a financial industry and a system that is absolutely up to their gills in debt.

And it essentially creates big economic pressures and the kind of ripple effect is higher rates means higher debt servicing. Higher debt servicing means less money floating around in the economy. Less money floating around in the economy means economic recession. Economic recession means lower tax receipts, meaning the government has to print more money. And potentially that would just kind of create again this sort of debt death spiral. And so I think that again their intentions to get inflation under control, but it’ll probably come at the cost of crushing the stock market or crushing the economy. And then at that point, once the economy is really on fire or underwater and actually in recession or depression, then we’re going to end up with them having to print a whole bunch of money which restarts the whole easing cycle.

And that’s kind of the end game for the dollar, like I’ve discussed, right? That’ll be when confidence is really lost and that’s when the big numbers will be printed. And so the Fed’s prone to these policy mistakes again, they mean well, but they always kind of get it wrong. And I’ve likened the Fed and the policy decisions that they make as kind of like an old shower where inflation’s really hot, so they put it on cold and it’s still coming out pretty hot, so they crank it to even colder. Next thing you know, you’re getting blasted with, with, with, with ice water and you’re like, oh, geez, you know, I gotta, now I gotta go the other way.

And it takes a few meetings to then get the, get the crank back to the other way because you’re freezing cold. But then it’s scalding hot water and you’re, and you know, and you’re getting third degree burns. And so they’ve never really been able to find that sweet spot. We’re six plus years now being above the 2% target. I know their goal is to get it below there, but in order to get it below there, it requires rates that essentially will probably crush the economy. And then when they crush the economy, boom, we’re back into a money printing cycle and another inflationary cycle.

So literally we’re just going back between getting scalded, being frozen to death, and this. They’re wanting to avoid both, but by avoiding both, they get both. But I think eventually you do end up with that stagflationary environment you mentioned, which is a contracting economy, a big recession, a falling stock market, and a government that’s responding with, with money printing that’ll create insane inflation. And that’s a lot like what we had in the 70s, right? We had a struggling economy, rising commodity prices, oil 10 times in 10 years, gold 27 times in 10 years, gold 37 times in 10 years.

And so again, I think either one that we get, I own physical gold because essentially it’s the best asset to, essentially you’re hedging your bets on either side. It’s a, a stagflation, I hate to say, is actually kind of a dream scenario for precious metals holders in terms of how much money we’ll make and also not having to worry about where our assets are. But it means Terrible things for society, for the economy, for people at a personal level, for unemployment and all these things. So I dread the day where it’s kind of confirmed that we are going down this path.

But I think it’s already, we’re already kind of on that intractable path, John. Yeah, it’s already baked into the cake, so to speak. And you know, we’ve had someone that you appreciate and admire, Michael Oliver, and we’re going to continue to, thankfully to him, thanks to him, have him on and his it’s contention regarding rate hikes, it’s irrelevant that the train is going to move. And no matter what they do at the Fed with rate hikes or a pause, it’s gonna, it’s gonna truck ahead here in the, in the not too distant future, as we alluded to before.

One of the last questions before we pivot to another, that going to this will start the process with silver, because I really want to focus with you on that and some other things I know are top of mind for you. After the recent 3.50 drop in silver price and the partial rebound, some experts are seeing this as a technical double bottom and the beginning of the price to retrace back to its January 2026 high. Do you agree or do you see it differently? Yeah, no, from a technical perspective, which I find is not normally helpful to discuss with your average person because, you know, looking at a price chart and drawing a bunch of lines across it can sometimes be a little bit of an extra abstract concept.

But a double bottom essentially is having to retest the floor that we have in silver and that we got to in June or July. That was the last time that I did a really big purchase when we kind of got to the 55, 56 level. So being back there around 55 today could be seen as a double bottom. Now a double bottom is a very encouraging technical formation. If we do come out of this zone and we do rally out of the mid-50s once again. And I’ll just kind of remind folks, when we were here last, we went from 55 to 72 in like three weeks, which is a, almost a $20 jump.

But then with rate hiking cycles and the hawkish Fed and everything that we had from kind of September onward and then all this just volatility in stocks, volatility and bonds, uncertainty, uncertainty about the debt, it’s just, it’s an environment that’s kind of, you know, making it very hard to know kind of directionally where things are going. And so there’s a lot of kind of investor indecision, but now having to come back into these levels. Gold retesting 4,000, silver retesting 55. Best time to accumulate my, you know, my thinking now just with this much longer, much more drawn out, kind of consolidated period for the metals is not that we’re not going to see new highs next year or even, you know, again, unimaginable highs in the next few years.

I still look at 2030 as the time when $10,000 gold and 3 to $500 silver is more than achievable. And of course, in talking with Oliver, who’s much better than me on this stuff, his targets are even, you know, even bigger than that, even faster than that. And I think we’ll get there, but I think that we could, could continue to consolidate maybe for the rest of the year. Right. I think there’s some suppression going on. I think the paper price is getting flushed in the west so that physical metal can be gobbled up in the east.

I think it’s also a way of creating volatility and uncertainty in people’s minds to kind of keep them away from buying the best asset, right? Like, ooh, why would I buy that? It’s still stuck in a kind of a low price range. But again, these basing patterns, right, you put in a big floor spike, big give back, let’s say half of that move and put in a much stronger floor at a much higher price level. But this pattern continues. You know, it happened in 2020. Silver went from 11 to 30 in two months, corrected back to 20, went sideways in the 20s for years, and then it went from 20 to 120 in about a year.

And now we’re in the 60s, 50s, so it’s the best time to accumulate if you don’t have a core position in physical metal. The bulk of our business still, and I’ve been saying this on our show since I’ve been on here, which is over a year now, the bulk of our business is repeat business. It’s people who own it at $20 silver, $2,000 gold. And they continue to be the biggest buyers at $4,000 gold and $60 silver. And that should be kind of a show of conviction, a test of like the, the, the faith and the direction that gold and silver still have.

But again, anyone who’s looking at this, who needs more best time to accumulate is now again, being back in the low range from June, July, this is where you want to pick some up. And if you don’t yet have your financial insurance this is also the best time to consider getting in. Very good, thank you, Micah. Staying on the trajectory of silver. Before we go to some of the last items of the podcast that you want to discuss, which is fine, I’m going to go to this one here. Just let me know when you can see it.

It this is from let’s see fthe gurus. I covered this on my report this morning. Silver, this is, it’s, you know, right around this range in the, the low 50s, 53ish moment that people should be adding to the position. It’s now because that’s what as you said the big banks, institutions, central banks, a lot of these countries are loading up on silver. So again I think the retail market has been unfortunately misinformed or misdirected to buy high instead of low. And this is actually the perfect time to get it. Particularly like you said Mike, if you don’t have any skin in the game at the moment, then here’s silver trade 1 month silver lease rates jump to the highest in over two months.

Physical market for silver is rapidly tightening as paper silver is dumped by the algorithms and the banksters. So another point to support what you were saying. And then again from silver trade, silver slice in Shanghai. Shanghai Precious metals report again silver down a little bit. This is earlier in the day silver inventory 6,602kg to 1,375,185kg. You see the total there. And this kind of gives you the breakout report of what China is doing as of today in their appetite for purchasing. So it sends a very counter intuitive message telling you know, retail investors, especially the banks that don’t buy it while we buy it, you know.

So I think exactly price it price on papers down while the physical delivery is being kind of, you know, maxed out, people actually are now taking possession. They’re wanting the actual commodity itself like we’ve talked about. Right. So yeah, that’s again the suppression, the idea that metals prices are maybe being suppressed so that accumulation at the sovereign level can be taken advantage of because maybe the powers that people were taken a little bit off guard when the lid blew off of silver, right? It went from 30 in September to 120 in January. And you know, some of the big smartest institution might have said geez guys, we actually don’t have enough of this stuff.

It’s, it’s you know, flying up in price and getting kind of out of reach even for us before we thought and we don’t, we haven’t yet accumulated it and so then all the paper smashing and manipulation and shorting and all these things are happening just so that, that again, the smart, smart money can actually pick it up and, and take delivery of it. So if we, again, think like they do, do what they do, not necessarily listen to what they say, then we should be treating, again, this level as a, as a massive opportunity to accumulate more.

Yeah, exactly. And again, not to be redundant, but we want to get more of the retail people to the party because like you said in many podcasts, you know, 70 plus percent are repeat buyers, which is great, but they already know that. So you’re preaching to the choir. We got to get these people who, you know, they see these shifts, like, oh, silver’s not going to go anywhere. See, it’s being. They don’t understand that it’s being manipulated against them and they have a chance to actually buy those dips. That’s why we keep talking about it. Yeah, no, exactly.

And like I said, retail doesn’t come into the mix until it’s a little too late. That’s just how it is. They overstay their welcome in a overvalued stock market. They come into a, you know, uptrending market once it’s already very popular and the price has already risen. I believe firmly that most people won’t buy silver until it’s back up above its $100 or $120 high. Silver is what’s referred to as a giffen good G, I, F, F, E, N. And it basically means that it’s an item that is not wanted when the price is low. It’s an item that is only chased when the price is high.

And unfortunately, the psychology behind that is actually super counterintuitive and super, super counterproductive. But I want to. Now, maybe if we can just switch to these two couple things that I think are extremely pertinent, extremely relevant to, you know, this week, what’s been going on in the last couple days. And then with the election being only, what, 10 days, 10, 11 days away, what can happen after that? And, you know, regardless of price and this and that, or where it’s going to go or where it is now, the biggest reason, again, for owning a physical asset that’s outside of the financial system is because there’s kind of unprecedented risk in the financial system.

And what I want to talk about first is this. And I’m not going to claim to be an IT expert at all. You can probably shed a lot more kind of light and detail on this than I can but my understanding is in the last couple of days, the cybersecurity division of the National Security Agency, so the NSA essentially said, guys, there’s a huge hole in cybersecurity globally that is relating to this PHP code or this PHP system, which essentially is like the DNA in 80% of the world’s websites. Your, you know, your brokerage account, your IRA custodian account, your, you know, where you’re booking hotels and inputting your credit card, your Amazon account, all of these websites, or at least 80% of the world’s websites, are now essentially, it’s like a chink in the armor.

So what the way I’d describe it is this. These AI bots found out that essentially it’s not a back door that’s on, you know, that’s wide open or that’s unlocked. It’s more like a, it’s more like a window that’s unlatched that can be easily gotten into. And then when these bots found this vulnerability, it was the NSA that said this thing is exists. And actually we’re telling everyone to either patch it now or take your servers offline. Now what we know is in the last 48 hours, quantum diagnostics, they handle half of, of the US’s health records.

As far as hospitals and patient records go, they’ve been hacked. 30 US banks have been hacked, 400 South American banks have been hacked, some different crypto exchanges and things like this have been hacked. And I’ve been saying on various channels that AI could be the scapegoat. And the reason, whether it’s planned or intentional or not, an AI cyber attack on the financial system could be the thing that ushers in, in a central bank, digital currency. Because if we wake up one day and all of your money is gone, you go to sign into your savings account or your IRA account, and it’s just a goose egg.

And that’s happened across the board to millions of people, to billions and trillions of dollars. The, the idea that, you know, the government could say they did it, it’s AI, the system is, you know, vulnerable. It’s broken. We have to move to a new system. We can get everybody’s money back, but it comes back to you in the form of a digital currency with some kind of Social Security system or your social Social Security numbers attached to that. And to me, again, it’s like conspiracy theory. Conspiracy theory. This stuff is happening now. It’s been referred to as a Black October.

Like the IT world has been on fire for the last two days. And it’s actually extremely concerning. And the reason that this is relevant for physical gold and silver is that again, the one thing I know can never be hacked is the metal that I’m holding. Physically, it has no risk in that type of environment. There is no scenario where I wake up and this is physically gone or physically hacked or transferred or, or, or something. And so the idea that everybody is exposed to this because, what, 100% of your net worth is basically stocks and bonds and maybe your house, okay, they’re not going to hack, hack your house, but if they hack your portfolio account or your savings account, you could wake up to nothing.

Right? And how do you get that back? You’re relying on the government. You’re going to be dependent on whatever solution they have, which again, unfortunately could be this idea of, you know, it’s a perfect storm for implementing a CBDC and, and, and all this stuff. And so I would urge people to think about, you know, and it might not happen now. This might end up being a nothing burger over the last two days. But, but the idea, the World Economic Forum has been talking about an international cyber attack and the threat that that poses to every single person in an institution globally for a few years.

And I just think that it’s, you know, it’s almost like it’s following this kind of global cabal, this agenda to a T. And it just, it’s like, I know what’s going to happen before it does. I just can’t tell you when. So what I’m urging people to think about very seriously is please limit your, your exposure by getting some of that money out of the bank and actually getting it into physical metal. Now, whether it’s with us or with me or with anybody else, just please consider the actual level of risk that you have by being 100% digital.

If 100% of your wealth is either on that screen or ink on a page that you get in the mail every month or quarter and not something physical that you can put your hands on that is considered money universally and has been forever and always will be pleased. Please consider making, making a move. And John, I’m sure you’ve been following this closer than I have. If anything that I missed or got wrong, please feel free to correct me. But that’s my kind of simplistic layman’s take on what’s going on. No, I, I mean, I think essentially you’re, you’re over the target.

We, I’m not an IT expert by any means, but a lot of my team has summary Cogent knowledge on the subject. And I’ve actually been discussing this about a cyber attack. It’s with some of our other guests. We’ve had some other summary financial experts or people who are certainly highly proficient at it to say the least. So this has been bandied about in our channel for a while and we believe that this is a misdirect by the banks. Look here, not here. While a certain portion of the subterfuge. Yeah, well, as a certain. Yes, by a means of a certain, you know, there’s, you know, global currency resets happening and then the metals resets and crypto and things of that nature, particularly cryptos that are backed in utility by precious metals like XRP for instance, will be an opportunity to be a misdirect to the public.

Look here, not here. While this is happening, much like akin to what’s happening with Iran and what implications that has, you know, for other markets throughout the Middle east and Southeast Asia. So I think it’s, it’s ultimately a misdirect has been our summary conclusion to your point. One other thing I know you wanted to talk about was what you felt was importance of the midterms and the implications on the marketplace there. Yeah. And so, you know, not to get super political either because I’m actually pretty disenfranchised with politics, have been for many years. I try to just do what I can for myself and my family and make sure that I’m protecting them and, and not relying on anybody else.

But when we’re in a collection or in an election season or in a political cycle, you know, and now, like I said, 11 days away, one of the things that’s really kind of ringing a bell for me is what Trump’s been saying. And Trump can say some stuff, stuff where you’re like, ah, whatever, you know, he’s just don’t take that seriously. He’s just, you know, shooting his mouth off. But when he says something a few times, I think you need to pay attention because he’s given us key signals at various points in the market that, you know, for example, it’s a great time to buy.

He said that back in May of 2025 after the liberation Day tariff kind of market, you know, very short lived market crash. But after he gave that signal and said it’s a great time to buy, the market had this fastest, steepest recovery ever. Right. It just shot up like a rocket. And he was absolutely right. And he said certain things about crypto that have shot up the cryptos and so Obviously he’s probably pre positioned in a lot of these things. But what he’s saying right now, which is scaring the crap out of me, is that he says if Democrats win on November 3rd, we will have a 1929 styled stock market crash and economic, and subsequent economic depression.

And if he’d said it one time, I’d say, okay, whatever. But he said it on my count, at least two or three. I’ve got videos of him saying it at least twice. And so what I think is that the cake is baked, right? We’ve talked about all the ingredients for an absolutely massive economic depression. Are there record housing market, record stock market, record levels of debt, record bond market issues. Now when the everything bubble pops. Yeah, it’d be great to have a scapegoat and say it’s the Democrats, you know, they did that. And maybe if they do get in on the third, it’s kind of a quick transition into that crash and subsequent depression.

And I think that it’s a, again, it’s a matter of like political pre positioning. He knows that all the ingredients are already there, but he’ll blame them if they come in. But on the other hand, he’s saying if Republicans win and they take the House and Congress back, then he’s going to print $5,000 for every adult in America, right? That’s $1.5 trillion of newly printed money. And again, why would he do that? And it’s because again, the cake is baked, all the ingredients for this massive economic crisis are there. But if he gets back in, he doesn’t want to be blamed with the, you know, when the cracks turn to fishers and turned into, you know, absolutely massive breaking of the system.

He wants to be able to paper it over with freshly printed money, stimulate the economy, create some inflation, delay the inevitable, kick the can. And that way he can probably get a little closer to 2028 for the next presidential cycle before any of this bad, bad stuff happens. And so in my opinion, just like stagflation, right? Whether you get a recession or inflation, it’s good for gold long term. Well, that’s kind of what he’s telling you. He’s saying with me you get inflation, with them you get a depression. Ultimately we probably experience both of those because of the things that we’ve gone through.

But again, it’s like, like 10 days away from the election and a lot of people are just looking at this like it’s fine. I, I’m very afraid of what the result is either way because I think in Both cases, that’s extremely bad for us as people. But as a precious metals holder and a believer and someone who’s 100% all in on metals for over 10 years, I can’t do anything more than I already have. So again, I just urge people on top of the AI stuff, on top of the cyber attack stuff, on top of the, you know, any non tangible form of wealth that you own, it being at risk, we’re also at risk of these two extremely bad outcomes for our savings, our retirement accounts, our stock market portfolios, all these things.

So I would just again urge you to listen to what’s being said and it’s being said multiple times to kind of give you that, you know, I can’t remember the term, but it’s essentially like they tell you what’s going to happen in advance so that if you fail to prepare, that’s on you. You know, they kind of, they kind of, they kind of said, hey, you’re going to get this if this happens. You’re going to get this if this happens. And if, if you don’t actually do something about that, then you’re at fault because they told you what was going to happen.

And so I feel like not enough people are paying attention to that. Well, that goes back. Thank you, Micah. That goes back to our previous silver discussion with the retail sector. It’s kind of goes in my mind part and parcel. Excuse me. A lot to unpack and what you said, I’d like to comment quickly if I may on that, please. Oh yeah, well, I just think, I think multiple things are happening at once. There’s multiple fronts. So, you know, the person on our team that helps us put these questions together thoughtfully and cogently each time has a great take on it.

And one of his takes, and this has been the consensus of many of our team and other good truthers out there, is essentially that we need to be watching multiple things. So we have to ask ourselves some questions. When President Trump talks about giving us 5,000, what are we talking about? We talking about Federal Reserve Note or the new US notes which are being printed out November 8th that have his signature and Treasury Secretary Bessant’s signature. First time in history, to my knowledge. We have Judy Shelton coming in now and co treasury we talked about last time in January, very bullish on gold, particularly through the long treasury bonds which is going to make its way into the US Note, make its way into the metals market and currencies.

Metals subsequent. President Trump we believe is working in a parallel financial system. He’s transitioning us out of maybe he’s printing us out of the old Fed system into the treasury and he’s got to throw us off the proverbial cliff. I think a lot of the talk about the Democrat, Republican thing is to get people to go out and vote. Essentially it’s just to get the numbers up and at the same time a tacit warning. But to the point of the questions of our, of one of our diligent team members and others have agreed with this and I’ve talked to Michael Oliver about it offline.

You know, he’s of the same mindset with this discussion is look at the seismic shifts we’re seeing in the Dow, for instance. It’s down 4 or 5 or points 1 day, snaps back up, gains its entire loss by 30, 50 points or greater. We’ve seen that several times this week alone. Same thing with the S P. So it’s the contention of one of our team members that when the Dow gets close to 60,000 or maybe 61, you know, somewhere on that range between 55 and, and 60 ish, you know, it’s hard to approximate the exact number obviously.

And the S p somewhere between 8,008, 5, 8, 500. That is the apex of the bubble. And then this thing goes down, pop goes the weasel and this whole thing resets itself down back down to where the Dow is probably between 3 and 6,000 of a true value backed in metals and the housing market we’ve talked about, we’re looking at Fibonacci charts which historically show 80 to 90% drop there because, you know, I’m here in Tennessee where it’s a thriving economy and yet houses are just at a standstill. And that’s usually the calm before the storm.

We saw this in 08 and now we, we believe we’re going to see it again in this cycle in the first quarter of next year, except now there’s no bailout to do. And so I think that’s kind of one of the ways that we’re looking at it to your point. Yeah, yeah, look, I think that’s all valid and we just have to kind of see how it goes. And I think if all directions lead to gold, if globally everyone’s going to gold, if, if domestically we’re, we’re moving the system to gold. The only thing that’s really missing from this trend to make it kind of solidified is for people to participate at the retail level.

And so I agree with like all the possibilities out there. I just again, kind of, you know not to be redundant about this, but just I’ve already done everything I can to prepare. I feel like most people are not, mind you, I’m multiple years too early, which I don’t mind. It’s provided me with some great accumulation opportunities and you know, the numbers that we’re going to and the wealth that could be made and the transfer of wealth that we’ll have when we’re finally onto this next system absolutely is going to be life changing for all of us who are in this together as precious metals investors have owners of actual, actual real money.

And so it’s just this transition, it could take many forms. I think there are, you know, a thousand ways to skin a cat type of thing. And we just, we don’t know which route we’re going to take, which scenic route, you know, ocean, you know, ocean route or mountain, mountain pass. But eventually we end up at this massively revalued gold price. This price discovery process, this new system in which gold and silver are treated as the primary monetary reserve and, and everything that you can’t really put your hands on that’s based on fake paper, fake debt, just imaginary monopoly money kind of stuff.

That’s the stuff that unfortunately the more of that you own, the more pain you’re going to feel. And so this transition is slowly taking place again at the highest levels first like it always happens, the smart money is called the smart money because they get to where things are going first. But I just, just you know, want to help as many people as we can to protect themselves the way that I’ve done for myself, the way that I know you have established your, your own portfolio as well. John. Yeah, thanks Micah for that. That was a good summary overview.

And folks wrap up the podcast for the sake of time for Micah and the audience. We would like to remind you that Noble Gold is our, one of our primary financial sponsors for the channel that make these podcasts possible that you’re enjoying and as such we want to give you the October promotion for the remaining extensively week between now and next week of October where for qualified accounts whether that means you purchase metals outright physical metals and or you do a cash and metals conversion IRA 401k annuity or pension. They are graciously through Colin who we are good partners with for many years, three years now, Colin is graciously offering a 110 1/10 ounce of gold eagle for you.

These are definitely in demand both in the silver and gold forms.9999 purity. They do have their own vault so if you have an annuity or 401k and you want to store a lot of that off site, not have it on your person, they can facilitate that because they have their own mind. So you just simply go to this link below here. Noblegold Investments.com promo code is JD Metals for the best pricing and service which you would also always get. And you can also reach Micah directly if you’d like to@micahobile ira.com micahobilira.com and he’ll be able to facilitate all and any questions you have offline so you don’t have to make a phone call.

You can have more of a private discussion, a lot of education, a lot of guidance before anything goes forward. So I purchased with them myself for many years. Known Colin, as I said, the CEO for a number of years. He’s a generous, diligent, honest, straightforward guy. It’s a very responsive company. I hope Fernando, the entire team does a really great job across the board and I mean that sincerely. So Micah, any last thoughts you have for the audience today? No. John, thank you so much for having me on. I look forward to our chat again in a couple weeks which will be post election.

So we can obviously, you know, do a little bit of a post mortem on that. But in the meantime, take care. Be well happy to help anyone that’d like to speak with me. Thanks for throwing my contact out there. You can call and ask for me, but you’re in great hands with anybody at Noble Gold, so God bless you. Thank you so much. Thank you so much. Mike at Noble Gold, Senior Sales Manager, thank you for joining us. We look forward to seeing you, as you said, in November. Have a great weekend and we’ll speak with you soon.

Perfect. Thanks John.
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