Chinas Gold Takeover Silver Shortage a Double Market Crash?

➡ In this podcast, Micah Haynes, Senior Sales Manager at Noble Gold, discusses the current financial market and the potential for a debt crisis. He highlights the growing global debt, which is nearing three times the world’s annual GDP, and the increasing volatility in western bond markets. Micah believes that this could lead to a significant increase in the value of gold and silver, as these precious metals often become more valuable during financial crises. He encourages listeners to consider investing in physical gold and silver as a safeguard against potential economic instability.
➡ The text discusses Trump’s prediction of a major financial crisis, potentially worse than the 2008 global financial crisis or the 1929 stock market crash. It suggests that this could be a strategy to prepare for his potential loss in the elections and a subsequent market crash. The text also discusses the possibility of a housing market crash, with rising interest rates and inflation making home buying more expensive. It suggests that investing in precious metals like gold and silver could be a safer option, as these could increase in value if a financial crisis occurs.
➡ The housing market is slow-moving, but metals like gold and silver can react quickly to news and events. With a potential housing and stock market crisis looming, it might be wise to diversify and invest in physical gold and silver. There’s also talk of a return to the gold standard, which could be a positive step towards sound money. However, it’s important for individuals to take steps to protect their wealth and not rely solely on government actions.
➡ China’s gold imports are increasing rapidly, with the capital flowing into gold quadrupling compared to the last decade. This trend suggests a shift in the global financial structure, with more economies moving away from fiat currencies and towards gold. The trend of investing in gold is expected to continue for a long time, and early adopters are likely to benefit the most. China’s strategic long-term planning is seen as a key factor in this trend, and it is predicted that the price of gold and silver will eventually be set by Asian markets.
➡ The discussion revolves around the uncertainty of gold reserves in different countries and the potential for a global economic crisis. The speaker emphasizes the importance of investing in gold and silver as a safeguard against financial instability. They also stress the importance of being prepared for a potential global depression, which includes having essentials like food, water, and a supportive community. Lastly, they mention a significant increase in U.S. gold exports, indicating a large amount of bullion leaving the country.
➡ China’s control over the world’s gold demand and major copper refineries is leading to a potential shortage of silver. This could result in a shift from paper assets to physical ones, with those owning physical assets benefiting the most. The future of silver prices and the impact on the West’s ability to respond to a supply squeeze are uncertain. Investing in natural resources is seen as a wise move, with Noble Gold offering assistance in acquiring physical metals.

Hello and welcome to the bimonthly podcast with our chief Financial sponsor, Noble Gold, graciously joining us on the first Monday of the new month of October. Already here we are, Micah Haynes, Senior Sales Manager, joining us graciously for another set of roundtable questions with him that will hopefully help to uncover what we’re seeing in the metals and financial market overall. Look forward to get his perspective on that. If you’re new to the podcast, please do like subscribe and share. It helps the channel grow and others to gain and the knowledge are currently being afforded. As you know, Micah is the Senior Sales Manager for Noble gold with over 10 years of experience with the company, has his own bevy of stable clientele and has also worked with many of you on our podcast to assist you as well.

And we appreciate that support and always pleased and honored to have him on a couple times a month to go over these important immediate discussions. Micah, how are you doing today, good sir? Hey John. Really well, thank you and it’s always a pleasure to be on the show. Thank you so much for having me. Oh it’s a privilege. So we want to respect your time in the audience’s time. So let us get started per usual. So let’s look at the bigger macroeconomic picture right now. As you know Micah, global debt is closing in at a staggering 350 trillion, which is nearly three times the entire world’s annual GDP.

We’re also seeing massive headlines about volatility in western bond markets and the US is really leading the charge. Here we are paying well over 1 trillion a year just in interest on our national debt and it’s eating up a record percentage of our annual spending. The US is leading in terms of notational annual interest paid being well over a trillion per year. And now on our revolving record size debts, it’s a world leading percentage as well. And considering our ongoing annual spending is now funneling exclusively to pay a lot of the interest to the growing record debt.

Apparently if we don’t drop the 5 year yet deals yields below 3.25% soon, we’re going to be looking at interest on the debt growing towards 2 trillion year within just a few years. But here’s the staggering wild part. Analysts are now saying that if the five year treasury yield doesn’t drop below 3.25% soon, the annual interest could skyrocket to 2 trillion within a few years. It feels like a massive debt spiral. As a gold and silver expert, how do you see this looming sovereign debt crisis playing out for precious metals? Is this the ultimate structural catalyst for a hard asset bull market.

And what specific triggers should investors be watching right now? Yeah, well, lots to unpack. But the short answer is I’ve never been more bullish for gold and silver. I cannot think of a stronger support and backdrop economically. Whether it’s domestic or internationally, the macroeconomic backdrop for gold and silver is just about as perfect as it could be. Now, a perfect backdrop for physical gold and silver investors actually is still a fairly dismal situation for the actual financial system. And we do have all the makings of a sovereign debt crisis, of a currency crisis, and of an eventual and inevitable currency and financial system reset.

A reset that will end up bringing physical gold and silver back to the forefront as the ultimate form of money, the ultimate form of collateral. And after a fiat system, a debt based system that’s based on and backed by nothing, once that fails, the public consciousness will not allow for that to happen again for a long time. And that’s why, John, in history and in finance, you know, cycles are so strong and so repeatable. It’s like you ever, you ever see a brand new movie that’s, you know, that comes out, but you’re, you know, five minutes, ten minutes into it and you already know how it ends.

You haven’t actually seen the movie, but you know that it ends. It’s so predictable. That’s kind of where we’re at right now. Except we’re not in the beginning. We’re, we’re, you know, we’re pretty close to the end of this, of this, you know, smoke and mirrors kind of show. So yeah, I think that the economic, the technical economic reasons for higher yields being extremely detrimental to the economy are obvious. The more you spend on interest payments on the debt, whether you’re an individual with a credit card payment or a mortgage or a car loan, or if you’re a business with a line of credit, the more you pay for your debts, debt servicing on the interest, the less you have to go around for everything else that you need, right? Keep the lights on, put food on the table, et cetera.

Now, as a government, we are dangerously, or the government is dangerously close to that point to where higher interest rates mean higher payments on the debt, but higher interest rates mean higher debt service payments and therefore less spending within the economy. Less spending within the economy means less tax revenues because individuals and businesses are making and earning less, which means the government is taking in less money. So you’re spending more and making less. Now if that’s a, you know, if that’s the formula for your household. You are in financial straits. You are in a lot of dire straits, financial trouble.

Now with the government being a currency issuer, we can literally paper over these problems which we have been doing with weaker treasury auctions and essentially a national debt problem so bad that all of the old sources of demand for our government’s debt have evaporated. We’re the buyer of last resort. So like you said, this debt spiral, this doom loop of higher interest rates means higher payments, which means more money going to that and less money going elsewhere. And less money going elsewhere being bad for the economy and weakening economy not only being recessionary but also bad for the government’s revenue and therefore them having to print more money and go into more debt to pay the interest on the debt that they already have.

It’s a disaster waiting to happen. So doesn’t mean it all plays out over the next couple weeks, couple months. But I do believe that in the next couple years we will see these things unwind. And again, the importance of gold and silver in everyone’s possession. Physical gold and silver being the primary monetary asset globally for banks and countries and individuals too. We should be looking at it that way where we need to have our own kind of sovereignty and our own finances. It’s all going to come to a head in the next couple years. And like I said, I’ve never dreamt I could have, couldn’t have dreamt up a better scenario 10 years ago when I started in this business than we have right now for the long term investment thesis behind physical precious metals.

Thank you, Mike. And to your point, I think the overarching theme to your thesis is sooner than later, I think is what I’m hearing you say and President Trump would agree with you. You generously gave me a clip that we’re going to share amongst the couple we have today. Thanks to you on that. We’re going to bring this up. This is from Rick J. On X. And we are on X as well, folks, which we’ll talk about towards the end here where President Trump is talking about you. You’re going to mention something about this Micah that you talked about off air about what President Trump is really saying.

Notice the clip is 17 seconds just interestingly on the theme. But let’s play this, let’s play this, this clip briefly if you will. So I want to make sure you can all hear and see it and let’s see what he says and I’ll get your reaction. Micah, I think if the Democrats get in we will end up In a financial depression, we will go into a depression the likes of which we’ve never seen before. It’ll be 1929. That’s my opinion. They’re grossly incompetent. They have no idea what they do it. Thank you. Your thoughts, Micah? Yeah, well, it’s a super concerning clip for a couple reasons.

One is that, you know, we have talked at length on this channel and I have on other shows and stuff as well, mentioned that we’ve got the biggest bubbles of all time. Biggest bubble in bonds, biggest bubble in stocks with AI and tech, biggest bubble in housing. And those three asset classes happen to be where 95% or more of people’s wealth is allocated in this country. And with this comment, I think there’s a couple things going on. Potentially it’s pre positioning. Pre positioning. And the idea, I know a lot of, you know, people call us conspiracy theorists, but the idea of, you know, essentially them telling us what’s going to happen ahead of time.

Right. That is, what’s the actual word for that again? Predictive programming. Right. They’re kind of laying, laying the, planting the seeds for what’s to come right now. And so it’s like predictive programming for or pre positioning a potential loss. No political expert, I know you have a lot on the show, but I would tell you that Trump has an uphill battle with all the stuff that’s been going on with inflation and oil prices and this needless conflict in the Middle east and how that’s kind of backfired and blown up and amongst other things. Right. He’s also kind of disappoint lot of the MAGA crowd who are hoping for different, you know, different outcomes on Epstein, the Epstein files and other things, but, you know, neither here nor there.

The idea is he could be pre positioning his loss, but also pre positioning the biggest bubble burst, the biggest financial crisis of all time or since 1929, to use his words. Exactly. And so I agree with him that we probably do see a massive financial crisis worse than the global financial crisis in 2008. Could be like a stock crash of 1929 which led to a global depression, the worst depression that anyone. You know, I don’t think really that many people living today have any idea what that was like because not many of them are around, certainly not those who were, you know, adults living through the 30s and into the 40s.

But the idea is that he’s kind of pre positioning for potentially his loss and the subsequent market crash of unknown proportions. Or it could just be a You know, take it for what it is. You know, at face value, it’s him essentially saying, don’t vote for the Democrats or else. But in my opinion, it’s actually more of a foreboding, foreshadowing comment about this is already going to happen. And I’ve said this many times, it’s not a matter of if we have the biggest stock market crash of all time or the massive global financial crisis, recession, depression.

It’s just about when. Now, obviously, there’s ways of delaying it and causing printing money to flood the system to kind of delay the inevitable. And they could do that. They have been doing that. They’ve been doing that for a long time. But I do think it’s kind of imminent and we’ll only need another. It’s the fifth right now, right. So we’ll only need another month or so to find out how midterms are going to go. And I think he’s making it pretty clear what he thinks happens after. Yeah, I would agree. I would agree, absolutely. And, you know, I mean, many will think it’s a political thing and it’s not about instilling fear, folks, but all at all, it’s preparation.

Like you said offline, that President Trump kind of told you when to get in the stock market, when to get out. You have to know the clues and look in between the lines, heights, right? And that’s the key. So, and he did do that, right? We were saying Liberation Day, April 1st of 2025, when he announced tariffs and, you know, the schedules that he had on all the various countries in the world, the market puked, right? And at the bottom of that, he said, this is a great time to buy. And what happened, you know, the market shot up 30, 40, 50% from that, from, from that point.

And one of the fastest rebounds in the stock market of all time. Now he’s basically telling you there will be huge problems and we will go into a recession and, or depression if Democrats win. And I think that’s actually kind of a sell signal. And I would treat that as, again, an opportunity, as you say, to prepare and to be proactive. You’ve got a month now before midterm results will be in, and that’s more than enough time to roll over, you know, retirement accounts, to get some of your assets into physical gold and silver, which will end up being extremely safe, obviously, if that’s where things are headed.

Right. It’s the only place to hide, I think, and to have your capital if this is what, what we can expect. Agreed. Yeah, I was just as I’m listening to you looking at my notes and kind of thinking about, you know, what you’re sharing and how all this kind of correlates together and actually ironically, your, your, your point about the stock market crash and President Trump actually leads perfectly into the next question. So let’s pivot. Not only because we have to remember isn’t just we talked about this before. If those who are new to this podcast or maybe haven’ watched in a while, wherever the case may be, you can’t just look at a stock market crash.

You have to look at what’s connected, which is the housing market. Because everything correlates and for some reason some are not seeing a housing market crash. All you have to do is look at 2008. I lived through it and made my gums bleed after losing over 50% of my home in Connecticut. And many lost, unfortunately considerably more than that. So let’s pivot to the housing market because the pain is spreading globally as post Covid inflation recent wars keep interest rates as multi decade highs. Here in the US for example, with record nominal diesel prices squeezing supply chains, we’ve watched the 30 year mortgage rate climb back to nearly 7.5% outside of a brief spike in May 2024.

You must go all the way back to the year 2000 before the dot com bubble burst, which I also remember unfortunately too well to find rates this high for the average person. It’s made the month to month cost of buying a home brutal, adding roughly $1,200 a month to pure interest compared to that of the start of the decade. Now a chart made to the rounds on the Internet last week comparing the US median house price to gold. And a lot of casual observers are assuming that because of gold’s massive run, the move is over. But if you look at the silver component, specifically the silver versus US median home price ratio, we’re still sitting comfortably above the 2011 lows.

Historically, when bullion really takes off against real estate, it can shock people by dropping those ratios down to historic lows, much like gold did during the 1980s peak. As an expert, what do these specific housing to bullion ratios tell you about where we are in terms of the macro cycle? Does silver’s current, excuse me, her current position suggest that we are setting up for another major league higher where precious metals massively outperform physical real estate? Yeah, I think it could be a combination of real estate prices coming down and a matter of silver prices and gold prices shooting up astronomically.

I think that’ll be what brings us to new record lows on that chart. And I don’t know if you have it available to bring up for folks, but essentially it’s an. It’s an important way of thinking about your wealth. I always say I want to calculate my wealth in ounces and acres. I don’t really care about how many dollars I’m worth because to me that measurement is going to be essentially a useless, non existent unit of measurement at some point, whether it’s sooner or later. Now, it’s a really important metric though, to see housing prices divided into physical ounces of gold or silver, to see where we are based on the average and based on the means.

And you know, we are still, like you said, above the lows, which means you’re still going to be able to buy a lot more house with your precious metals down the line. It’s a matter of us having to go through again whether silver rises and gold rise in price or if housing cuts in half. I think it’s going to be a matter of seeing both of those things which will bring us to new record lows for the housing to gold or housing to silver ratio. Now, in 1980, we basically had the, you know, peak or essentially the low on that chart, you know, where you had the most amount of house for the least amount of ounces.

And like your guest Michael Oliver, who I think you’re having on again here soon and has got to be one of my favorite analysts in the space, you know, he would be much better and much better prepared to answer that question from a technical basis. But what he says, and I agree with, is think of it as, you know, housing prices as basically a reflection of inflation cost your grandfather four and a half thousand dollars to build a house. It cost your father $45,000 to build a house, and now it cost you 450,000 to build a house.

Right? That’s just a. It’s the same house, same material, same everything. It’s just that the actual amount of money units needed to buy that house has gone down, or it has gone up so much because the purchasing power, the value of those money units have gone down so much. So the purchasing power of the money unit will continue to go down as inflation persists and money printing from the government persists and as gold and silver prices continue to rise in the coming months and years. But the bubble of housing prices going inflating so much over the course of COVID which, you know, people relocating from expensive states to less expensive states and things like this and working remotely and lower interest rates during that time, pushing housing prices up and now higher interest rates as you mentioned, making it we have the least amount of real estate transactions happening nationally at any time in a generation.

Essentially we have never had as few real estate transactions right now as, as we do. But that’s not necessarily a good timing indicator for when housing prices do come down or for when gold and silver prices do shoot up. Although I have an opinion on the latter and we’ll share that before the end of the show. But essentially I would look at, you know, the housing market as a much slower moving market, whereas the metals, you know, can, can move a lot quicker, react a lot quicker to news and to macro events and, and, and developments.

So I would say long term you got to live somewhere. You, you know, you need a home or you need a roof over your head. You need a home for your family. You don’t sell your house necessarily to avoid having to, you know, take a, take a loss on your home by going down. But the idea of selling second homes, vacation homes or if you’re an empty nester, downsizing or renting because we are on the brink of a major housing crisis and also on the brink of a major stock market crisis. And so that’s where most of your wealth, if that’s where it’s tied up, you probably should consider diversifying and getting into the other side of that chart.

The other side of that trade and holding physical gold and silver for all the, all the reasons I mentioned here. So absolutely. And while we’re on the subject, Micah, thank you for that. Is another I’m going to kind of merge two things in for the sake of time for you in the audience. We’re also dealing with the elephant in the room which you know about. Well, a silver shortage. And we, we talked about this before due to AI and robotics and manufacturing, all intertwining military is a big part of it manufacturing. And there was some big news that I was excited about that came out last week that you are well aware that I’m going to share with you and set audience in a moment here.

Let me get over to it. News. Yes, the chart you’re looking for I don’t have handy but Michael does and we’ll be bringing that on the show this week. So we’ll be sure to cover that summarily. The news that I was trying to share with you a moment ago is Judy Shelton getting appointed as co counsel to the Treasury. That is something that we talked about for years as a Team, I brought it up with you, I brought up with many guests, political, financial and otherwise, about her coming on. And everybody was sort of of the consensus that she would be a great pick.

And obviously President Trump agrees as he brought her out in the first term as a litmus test. Now, if he potentially gets the House and Senate on his side, which he seems to believe he will, then, then he can pass a whole bunch of stuff. And it seems like her coming on in the new year, she’ll be able to implement the gold standard. And what that’s going to do, not so much for the treasury bond yield because that’s all debt, as you’ve pointed out, but really what that means for true money, what is real money, it would be reestablished.

And so it’s what it points to. And I just wanted to get your, you know, sort of quick insights on that. Yeah. So Judy Shelton, I’m a huge fan of hers. She is a gold bug. She understands gold better than most. And for her to be integrated into the treasury as an advisor to the Secretary of the Treasury, I think is huge. It’s a step in the right direction for sound money, essentially returning the financial system to one, like I said. And I believe it’s inevitable it will happen. It’s just what path, you know, do we take to get there? So the idea of us returning to a gold standard at some point, I again will it will happen.

But is the government going to proactively reintroduce a gold standard or will it introduce a gold backed bond? That’s her big idea is the idea of incentivizing people to buy the government’s debt. And in doing so, you hold a bond that will pay you interest every year and allow you to redeem the gold that backs the bond at the end of the 50 year term. So in her book she outlines how she thinks that this would work. Is that the format that I would choose to own? Golden? No, I don’t want it encumbered. I don’t want it in the government’s hands, even though I’m supposed to own it or be able to redeem it.

You know, I don’t want them holding onto it for 50 years. What type of interest would that pay? You know, all these different questions. For me, I want to own physical gold and physical silver in my hands in my own personal vaulted account, the way that I do now. But I think they have to get creative with ways to incentivize people or countries to again invest in the government and to buy their debt and you know, it’s not exactly how I would do it, but again, it’s a step in the right direction. So we need to be, you know, grateful for what we have.

Essentially. Her having any kind of official role or capacity within the treasury is good news, but you know, will it end up being a disappointment like we’ve seen with some other kind of Trump appointees? I don’t know and I’m not trying to get political here, but you know, we had high expectations of Cash Patel. Right. Everyone was supposed to get all the, you know, the deep state and the Epstein files. Insiders were supposed to be rounded up on day one. That was a huge nothing burger. Nothing came of that. Actually. It was a huge disappointment. Probably one of the bigger things that the mega crowd are, you know, rightfully so disappointed in.

And so I just hope that they’re not squandering the opportunity to do something great with this great advocate for gold and silver in on the inside. But still I’m not hopeful or waiting for, you know, the government to come and save me and to introduce, you know, gold backed bonds. In the meantime, I am protecting my wealth. I have done everything I can to protect my wealth with the only true forms of money. And we will, like I said, go back to a gold standard. But I’ve shared many times on this show, John, I think it will happen reactively after we have essentially exhausted and expended every little bit of confidence the public has in the government’s ability to issue currency and to manage that and to be a financial manager for the country.

I think that the Fed will go away, the gold standard will come back, but only after the next big print which will come in this scenario where we do enter a global depression or recession like Trump saluted to if the Democrats win in November. So again, a lot to unpack there, but essentially inevitably we’ll end up back with gold and silver being regarded as the ultimate forms of money. And if the government can get there with Judy’s help, I’m all for that. But people need to take individual steps to kind of get, get themselves prepared and get themselves situated so that they are not left on the wrong side.

Oh great. And, and this is my personal opinion is not, not financial advisor, not financial advice, just commenting on what you shared. I think two things as we talked about before can be true at the same time. We have this very sort of polarized view in the world in America. Well, it’s Coke or Pepsi or it’s black or white, Republican or Democrat. There’s a Middle ground here in that you’re not relying on the government to save you, which is why we’re gold and silver advocates. We are the government. We need to self govern and get back to constitutional principles.

Right. But what Judy Shelton can represent is a choice she’s freeing up. You can go the gold bond route if you’re, you know, old school in the Keynesian system, or if you want to, you know, divert away and revert back to sound money and all that it represents in its different wells or iterations, you have the opportunity. You know, it’s much like we’ve dealt with with COVID without getting overly political. You have the choice to, you know, go the holistic route or you can go the allopathic route. It’s that same kind of dichotomy that I see that I want to explore the space with you.

I appreciate it and I think that’s what she represents. It gets me excited by returning the gold standard. It does that and it breaks free. And then people can choose if they want to unfortunately be enslaved in the old system or go back to the new. I, I agree. So I, I, you know, I don’t want to be too cynical here. I see her having, like I said, any official capacity for her within the treasury or within the government would, would hopefully only be good for precious metals. And for us, again, returning to some form of gold standard, like you point out, are actually the only true forms of money recognized in the Constitution.

Right. So we’ll see. Fingers Fingers crossed. Well, I have faith and optimistic about the long game of things as you do, and that’s where we have to, I think, ultimately position ourselves. But I digress. Let’s talk about China, because they’ve made massive headlines this past week. Their gold imports through the first two thirds of the share on track to cross a staggering 1500 metric tons. But what’s even more spectacular here isn’t the sheer weight or their market dominance. It’s rather the massive size of the capital flows month after month. The capital flowing into gold in China has generally quadrupled compared to the last day decade, essentially doubling their local demand in fiat terms just since the last decade began.

We’re seeing the exact same explosive trend in their internal gold ETFs, where the amount of gold yield, excuse me, gold held, has skyrocketed nearly five times over just the past three years. So, Michael, what does this massive sustained shift in Chinese capital flow tell you about the shifting global financial architecture? When an economy of that scale accelerates its flight out of fiat and into gold at this velocity. What kind of structural repricing does that signal for the global gold and silver markets going forward? Yeah, I think it’s a great question, and it is about trends. And I would tell you the trend of global capital moving toward gold is a strong one that we’re firmly in and will remain in for a long, long time with any trend, especially in investing.

John, you know this, and many of your audience members do as well, is that you want to be early on a trend. You don’t want to be the last one in. Right. And trends change and the winds, you know, and the winds blow in different directions. But you generally have an investment trend. You want to be on the early side of that because you benefit from, you know, the big price appreciation that you’ll see over the course of that trend. So, you know, have my clients that have owned gold for 1, 2, 3, 4 years done exceptionally well? Yes, silver’s doubled in just the last 12 months.

Gold has doubled in the last, let’s say, 24 months. And anyone who owns it two, three years ago or more have doubled and tripled their account values. And I think in another two or three years, we’ll have that same move from here. So the earliest adopters are benefited. Benefited the greatest. Is it too late to buy gold? Absolutely not. Like you said five years ago is when this trend really started in China and at a sovereign level, but also a retail level. Institutional and sovereign. Institutional and retail level. And if you go back five years, what do we have? Well, almost five years.

It was 2022, the Ukraine, Russia conflict. And what began, or sort of was a catalyst to a trend that had already begun, but was the freezing and stealing of US Treasuries from Russia. When they invaded Ukraine, China looked at that and said, nope, we don’t want to have any more dollars than we need. And everyone else looked at that and said, we do not want any more dollars than are necessary because they’re a liability at this point. They could be weaponized against us. Not only that, but you look at sovereign debt since COVID it’s exploded. Your first question is, what three times the national GDP is global debt right now? 300 and something percent, I think you said.

And it’s not a, like you said, it’s not a number that can ever be managed. So essentially, again, the idea every country with fiat, every country with insurmountable amounts of national debt, they will all, and it’s all of them, they will all blow up. They will all see systemic failure and they’ll all essentially have forms of money that are no longer acceptable and they will all need gold to be able to get back to some type of system. Like we’ve talked about a gold standard here in the U.S. but it’s not just going to be the U.S.

it’s a gold standard globally, which we’ve all been on before. We came off the gold standard globally in the 1920s, 1930s, during the Great Depression. We will go back on a global gold standard in the next depression, which again, based on Trump’s comment, may not be that far off. So the trend again of owning gold instead of dollars is one that people need to take extremely seriously. China has the foresight and the kind of a long term planning and strategic thinking as a country. You know, they’re planning for the next hundred years, not the next four.

Right. And I’ve said before, the problem with democracy is, well, and especially the way that we run it here in the US is every two years you’ve got an election, it’s like a weather vein. Every two years there’s a new set of strategies, new set of agendas, new set of goals and priorities. And it’s just, you know, red, blue, red, blue, back and forth, right, left, and, and they don’t care about, you know, the political winds and the way that they’re blowing. Every two years they just say what’s going to put us in the best actual position to essentially be a global dominant, you know, a dominant global force or empire or power.

And they’re taking those steps. And so I have no doubt that eventually the price of gold and silver will be set by the Asian markets and the Shanghai Gold Exchange. We’re not there yet. We’ll probably be there when China is willing to unveil the amount of gold they truly hold. And I don’t think they’re ever going to be honest until they’re ready to, you know, pull back the veil or, you know, pull the curtain back on their actual sovereign stack. We have the most apparently with 8100 tons. But what was the number in your question? 1500 tons accumulated in just the last, what, five years? Yeah.

So that’s 20% that’s on the books, right? 20% of our holdings, actually, it’s almost, it’s almost more. Yeah, it’s about 20%. 1500 into 8000. It’s like 20% of our holdings they’ve accumulated in just the past five years. And I think that’s what they’re willing to disclose. Right. So in all honesty, they could easily have as much or more than us now, but they’re going to wait until it’s 10,000 tons, 15,000 tons, 20,000 tons. And once they do that and they unveil how much they truly hold and again, the trend will alert, will accelerate between now and then, but then they’ll actually be able to probably set the price of gold on Eastern exchanges like the Shanghai Gold Exchange.

As you know, right now we still have the COMEX and the LBMA that are setting price for gold and silver bullion globally. And while those prices are down at 4,100 in gold and 60 in silver, which have been the floors for the last many months, that’s kind of where we’ve been hanging out here and bottoming for another launch higher. This is where they’re accumulating like crazy because they know that it’s an absolute bargain and people should be doing the same thinking again like they do and doing what they do, not listening to what they say. And so, yeah, I think that it’s a huge trend.

It’s, that’s where the puck is going. People need to be thinking about this and going in that direction as well. But of course, and this is not meant as an insult, it’s just most retail investors, people like you and me, they are often just following the crowd right until the end and then they’re reacting as opposed to being proactive. And you know, that’s unfortunately what ends up causing a lot of just financial hardship, especially with older folks in their later years of retirement. Right. We do not have, you know, 10, 20 years, if you’re in your 50s or 60s, to go through a bear market in a global recession or global depression.

Right. To wait for your retirement accounts to come back. You need to protect them now. And so I encourage people to think that way. And it’s all about risk, reward. What are you risking by staying in these conventional asset classes, bonds, stocks and housing. But what’s the reward of staying there? What are you risking? And then what are the risk rewards of an alternative safe haven asset like gold and silver? Well, absolutely. And the other thing too, Mike, is where’s your mindset? We’ve talked about this many times before. Is it fear or is it faith and proactivity? If you’re in the long game, you’re prepared, you’re looking at it from the correct lens and you’re not letting you know those COMEX and LBMA and even the media dictate, you know, your financial or any other decisions for that matter.

You’re, you’re you’re keenly aware that those groups have never been for you. And the same people that created the problem can’t create the solution. Right, Right. And then we could flip it the other way. Mike, as you were talking, I was thinking about it and say the universe, like, are we really disclosing how much gold we have in our, our bolts? Because we really don’t know. We might have more than we’re telling them. And that competition between us and China and other nations, India, could. Will ultimately precipitate a storm front that’s going to break it out.

I, I agree with that. I would just. If I were a betting man, I put greater odds on, you know, China having less than what they report, and I’d put better odds on us claiming that we have more than we actually do. We’ll see how that stuff all works out. But I like what you said, that when people call me John to work with me or they call me as existing clients, they call me to speak with me and get caught up on markets and stuff, the people who are the most anxious and afraid are the ones who haven’t made a move, the ones who own whatever the amount is that’s right for them.

Of gold and silver in their portfolios. Yeah. They’re calling to add, and I’m adding here, and I think that this is a beautiful place to accumulate metals if you don’t own any. I, I don’t think we’re going much lower than this. Nor have we in the last six months since we’ve started this whole consolidated phase, which again is just a necessary part of bigger bull market and secular bull trends. But the idea that people call and they’re super anxious and they don’t sleep well, they’re afraid, they’re afraid of this, they’re afraid of that. And there’s a lot of reasons to be afraid.

And I’m not afraid because I have essentially done everything that I can to, to prepare, and that’s gold and silver. But it’s also all the other things. Right. If we’re going into a global depression, you’re going to need a lot more than just gold and silver. You need food and water and guns and ammo and faith and community and all these things that are going to be extremely important. And the emphasis that we should be placing on being prepared will actually allow you to live a lot more just easier, stress free. It takes a huge weight off your shoulders to say, okay, at least in the financial column, I’ve done what I can.

Right. So when I have New callers that call in and they’re stressed and they can’t sleep. And they want, once they have these IRA transfers done or their precious metals delivered to their home, they breathe a huge sigh of relief and know that that’s taken care of. Okay, now you’re on to the other things that you have to plan and prepare for. And so, like I said, just being proactive. You’ll sleep better, you’ll feel better, you’ll be better positioned, your family will be better off. And I think that all those things are invaluable, honestly, like just quality sleep and peace of mind.

You can’t put a price on that. And, you know, we were saying before we hit record, unfortunately, again, with investment psychology, people chase things, right, and you overstay your welcome. You stay in a market, you know, well past its best before you get caught on the downside, and then you’re afraid and you’re rushing into the next thing. Most people won’t come into the precious metal space until we’re back to 5,500 in gold and 100 plus in silver. And that’s okay. There’s still going to be a lot of money to be made and a lot of room for gold and silver prices to go a lot higher than that.

And of course, I look forward to the update that you’ll have soon from Michael Oliver because he’s the guy to follow into action, actually take seriously on price projections. Not me. I defer to him on that stuff. But what I’m saying is most people won’t come until they’re again, much higher. But while they’re down here at these kind of big corrective levels and these big floors that have, that have formed over the last several months, this is where you should be buying. But again, what you should do and what you, you know, will do, it’s easier said than done, but it’s almost never done the right way.

Yeah, yeah, absolutely. Before I. Thank you, Mike, before I ask you my last question for see to respect you and the audience’s time, actually, I give you a spoiler alert on Michael for tomorrow’s podcast, which will be out midweek. His price projections are showing in his latest report. I saw this weekend that, and he said this consistently now in the last couple inside reports, that once Silver gets above 77, and we know for the banks suppressing it in the paper markets, usually 75 seems to be the demarcation point. Point. Demarcation point. Not sure why, but that’s what it is.

He believes later this month, it’ll hit 77 and once it does that, it won’t. To your point, it won’t come back. It will just move up because they can’t control anymore. So it’s interesting that he had that number. Yeah, I would agree with him. Again, I’ll defer to him on technicals and momentum analysis. But there are, as we’ve said on this channel, there are floors and ceilings. Right. And price kind of wiggles and wobbles between support and resistance. So when the floor breaks and you have to go and find out what the next big support level is, you know, that has happened.

We, we have 60 as a solid floor right now. We’ve been down it briefly, but that is where we’re at. I would say 72 is kind of an intermediate target for me because that’s where we got in August. Right. We went from 55 to 72 in three weeks in August. Right. Never. Everyone thought, okay, this is it. But then again, the price suppression, the bullion banks, the paper markets, they sell it back down, get it back down to 60 and is that done so that more accumulation can, can be made from these big institutions and these countries and sovereigns and you know, whatever.

Yeah, I absolutely believe that that’s the case. But at some point it will be breaking that ceiling, which is a 77. That’s great. I think that that’s the previous resistance from call it like a May. The May. The May time frame. So, yeah, if we get above there, I’d be looking only up at that point. And I’m extremely encouraged in his 180 kind of short term signal, but I believe his long term targets are much higher than that. And I’d like, if you can kind of prompt him on explaining and getting into those. And I’ll be a, I’ll be an avid watcher.

Once you have it published, I’ll be the first one to watch that interview, I guarantee it. We’re asking those exact questions tomorrow to your point, Mike. And he did say on our podcast and others as well, he saw 180 by January and he sees 3 to 500 shortly after that. So that’s why I asked you about Judy Shelton, because I think the kind of those things are all correlated in the puzzle piece. Amalgamation, all the stars are kind of aligning. And like I said, the macro backdrop to higher gold and silver prices is the most supportive thing.

Yeah, to higher gold and silver prices. But it’s also the riskiest thing for the other asset classes that we’ve discussed. So I would again, don’t overstay your welcome in those other markets if you can avoid any losses. And again, the number one name of the game in gold and silver is capital preservation. You cannot lose on the right time frame in gold and silver. And in fact, if Michael Oliver is right about any of this stuff, we’re going to become very, very wealthy in a short period of time in this big transition, in this big rotation of capital.

That’ll be triggered again once those other bubbles pop. There won’t be anywhere else for that money to go that’s safe. And so that’s where you want to be ahead of the curve and you want to be early in the adoption phases in the trend. And you are not late. I get that question all the time. Oh, I should have bought a two thousand thousand dollar gold. Oh, I should have bought at thirty dollars silver. It’s not too late. I think in again, not too long, you’d look back at 60 and say, shoot, I should have bought at 60, I should have bought at 4,000.

And we’ll keep saying that over and over again until the actual true price of gold and silver have been discovered, which we’ll see. Yeah, I mean, the point is, the writing’s on the wall. Don’t wait till it hits the wall. Just, you know, do what you can, as much as you can in the meantime, and then help others do the same. Lift each other up. As you were saying with Community. Last question for today, Micah. We’re seeing a massive surge in U.S. gold exports right now, confirming that the vast amount of bullion are leaving our shores.

And much of it is likely headed straight to meet this insatiable demand from places like China and other Eastern markets respectively. It really makes sense when you consider that China now commands nearly half of the entire world’s coast gold demand. But it goes much deeper than just buying bullion, because China already controls over half of the 21 largest copper refineries on the planet, which gives them a massive grip on industrial metals. And if you look at the silver refinery chokehold they have right now, it’s even more dominant. In terms of percentage basis, what are the implications of the west exporting its physical gold reserves while the east quietly builds a near monopoly on the actual refining infrastructure for silver and these base metals levels.

And if a true supply squeeze hits, how does refinery chokehold limit the West’s ability to respond? And what does it mean for the future of silver price discovery? Yeah, I think just in short here, like you said, in, in the interest of everyone’s time, fundamentally we will run out of silver, period. When is the big question. We will. And this is my biggest fear as a bullion dealer, is not that we won’t have demand for silver. Like I will have a phone that will not stop ringing for people saying, I need it, I need it, I want it, I want it.

The problem is that there will be a point in time where I say, I don’t have any. You know, I don’t have any unless someone, one of my clients with a huge position is selling it back. And at what price will we get that? I don’t know, it would be, it would need to be a lot higher. And so like you say, the refinery and production chokeholds that China has on various strategic metals, not just gold and silver, but also copper, you have to just look at the future like we need infrastructure. We need electric infrastructure.

Conductivity. Natural resources in their physical form are the most important assets ever. There has never been a better time to be a natural resource investor than right now. And I think the primary beneficiaries of this shift from intangible paper assets and kind of make belief money, paper money, a failing fiat system with all the paper assets that go with it. The failure of that system and a transition to, into a new physical system where everything has to be real and it is only the people who own it in its true and real form that’ll get paid and benefit from that transfer of wealth.

And that financial system reset or transition will be the people who own it and hold it and have it in their possession or their accounts. This big paper versus physical debate, there’s not, there’s not a debate in my, in my mind or in my opinion, but the actual settlement of, you know, what happens to paper silver and paper gold over the next five years versus what happens to physical metals over the next five years will be essentially a very dramatic and different outcome. Right. The, the stuff that’s basically backed by nothing, like the dollar will end up being worth nothing.

And the stuff that is actual pure gold, cold hard metal, that’s the stuff that’ll actually allow our investors and our clients to make some life changing gains and some life changing wealth. So I’m sorry, I hope I answered that question. No, you’re looking to have it answered. No, it’s however you felt like answering is fine, authentically. But I mean, the point is, is that physical is going to be what cuts it, not paper. I mean, that’s the bottom line. And so thank you, Micah, for that. Appreciate that. Thanks. Thanks audience for being patient as we go through a lot of, you know, deep intrinsic stuff to cut through from an analytical basis.

So it takes some time. But we appreciate you listening folks as we wrap up this podcast. As Mike announced with Noble Gold as our chief financial sponsor, they are one of the top two companies Money Metals magazine has deemed to work with. Whether that’s getting actual physical metals and or doing that with a combination of liquidation of a 401k IRA annu your pension paperwork you talked about before that you folks, some of you have in terms of retirement you’ve been accruing and it’s been sitting there and doing little to nothing for you and you’re not sure what to do.

Well, first thing is to pray about it and ask God to let you give you the answers to that. You got to get it from Him. But if you have peace about making some changes, now might be a good time for you to look at that. And Noble is doing their level best to help you with that with offering the October promotional of a 1/10 out 1/10 ounce of gold coin and you can see it the gold eagle here, very coveted front and back for qualified accounts. Whether that’s again physical metals and or combination with the aforementioned paperwork.

Noble Gold can help you with that and here is our link there for you. Noblegoldinvestments.com promo code JD Metals. Or you can also reach out to Micah directly@micahnobleira.com if you you don’t want to call in or anything like that and you just want to have a in depth conversation with him offline, he can certainly facilitate that. He’s done that for many of his clients and some of us as well. Please do mention that you saw this podcast and mentioned my name and Noble will make a note of that when it comes time to work with you.

No pressure. They give you a lot of consultation, they ask you a ton of questions, answer that to the best of their ability and give you peace of mind. I purchased from them and I got it way ahead of schedule from what even Hope told me. Hope, who’s one of the other sales managers here and Colin CEO we worked with many, many times over. Incredibly generous and humble guy, goes out of his way as a believer to help the Noble family, help his personal family and help the Noble Gold family. Who’s watching now. So this is the place where you can get more information and ask as many questions as you like.

They certainly, certainly welcome it. But I’m going to underscore Micah said earlier, don’t wait for the world to validate that metals are necessary, because by the time they do that, the media and all that, it’s already not too late. But it puts you in a disadvantageous position as opposed to being proactive, which Micah said many times before. Micah, any thoughts you would like to share with the audience before closing? No, John, I just appreciate everything you do for. For me, for your audience and the people you’re having on. Actually, it just the. Not myself in particular, but the caliber of people you.

You’ve been having on your show is outstanding. So congratulations to you for building such a great platform. And yeah, no thanks to everyone for their time. And yet you can work with me directly. You can call and ask for Micah, you can email me. Like John said, micahobileira.com but if you call in and deal with any of my colleagues, you’ll be in extremely good hands. Again, we’re all investors. We’re not salespeople. So, John, thanks again. I look forward to seeing you in, what, a couple weeks? Yep. A couple weeks from now. Yes, sir. And thank you.

It’s, it’s. It’s great supporters like you and our audience that make these podcasts possible. So thank you for sponsoring the channel as well. Pray you have a great rest of your day as a frenetic Monday to the month, and we will see you again, as you said, in a couple weeks. Perfect. Awesome. Thank you so much. God bless everybody. See you later.
[tr:tra].