GOLD SILVER ABOUT TO EXPLODE? Chinas Next Move Could Change EVERYTHING

➡ This podcast features a discussion with Micah Haynes, the Senior Sales Manager for Noble Gold, about financial matters and precious metals. Micah has been with the company for over a decade and has a strong client base. The conversation covers topics like the conversion of 401ks, IRAs, annuities, and the increasing importance of these in the future. Micah also discusses the bullish long-term fundamentals for gold and silver supply and demand, the impact of potential rate hikes, and the U.S. government’s debt situation.
➡ The discussion suggests that despite short-term fluctuations, the long-term outlook for gold and silver is positive due to their scarcity and increasing industrial demand. The speakers predict a major financial crisis, possibly the largest ever, which could trigger a surge in the value of these precious metals. They also speculate that despite current expectations, interest rates might be held steady or even cut, which could boost the value of metals and cryptocurrencies. However, they emphasize that these are personal opinions and not financial advice.
➡ The speaker believes that the financial system should have collapsed and reset in 2008, but instead, measures like money printing and zero rates were used to delay the inevitable. They predict that the housing, stocks, and bonds bubbles will burst, causing a financial crisis. However, they suggest that investing in gold and silver can protect and even grow wealth during these turbulent times. They also mention that China’s strict controls on silver exports could be fracturing global silver arbitrage.
➡ The text discusses the differences between Eastern and Western markets in terms of gold and silver trading. The Eastern market focuses on physical settlement, while the Western market is more paper-based. The text suggests that the consumption and investment in gold and silver will be dominated by the East in the future. It also discusses the potential for gold and silver to be recognized as legal tender in some U.S. states, but suggests that it’s better to use these precious metals as a form of savings rather than for day-to-day transactions.
➡ The speaker believes that President Trump is working to restore the republic by allowing states to govern themselves, which could lead to the removal of certain taxes. They also predict a clear divide between states that adapt to these changes and those that don’t. The speaker suggests that in the event of a currency crisis, physical gold and silver could become the most reliable form of money. They also stress the importance of being prepared for potential crises, including having barterable items and precious metals on hand.
➡ The speaker suggests diversifying the storage of precious metals like gold and silver for security. This can include keeping some at home, in a vault, or in other secure locations. The speaker also mentions a promotion by Noble Gold, a financial sponsor, offering a 10-ounce silver bar. Lastly, the speaker encourages reaching out for free advice and counsel on managing physical or paper conversions of precious metals.

Hi everyone and welcome to the bimonthly podcast with our chief financial sponsor, the one and only Noble Gold. And special acknowledgment to CEO and friend Colin Plume for having us and believing us in us on the podcast from the very beginning three years ago this month. Hard to believe that time flies so quickly. And we have with us of course, the one and only Mr. Micah Haynes, senior Sales manager for Said Noble Gold, to join us for our bi monthly discussion on all things financial, precious metals and where he sees the whole of things going forward.

If you’re new to the podcast, please do like subscribe and share as it helps the channel grow and others to gain in the knowledge you’re currently being afforded. As you know, Micah is Senior Sales Manager for Noble Gold, been with the company well over 10 years, bordering on 11, has his own stable brand of clientele and has worked with some of my audience. Some of you have worked with him and know he and the rest of the staff, Hope and Fernando and the rest of the team do a first rate job of taking care of all of you, providing guidance, support, education and of course product supply with physical metals or conversion of 401ks, IRAs, annuities, et cetera, which we believe is going to become more and more viable and commonplace and louder in the whole of things as we move forward the remainder of this year, which we’ll be discussing with Micah and I’m honored to have him back on as usual.

How you doing? Good, sir. Wow. John, as always, it’s excited to be on your show. Thank you for that intro and I’m doing very well, thank you. Excited about kind of getting into fall. Suddenly fall is in the air over here too. So I’m wondering where summer went. It was like hot last week and now it’s like chilly at night, chilly in the morning and I actually love fall. So it’s going to have a lot of exciting things for us. It’s going to be really turbulent, really volatile and I think it’s going to be really exciting.

So thank you so much for having me back on. Oh, it’s always an honor. And having lived there for many years, as you know, formerly there earlier this year, up until April, I know you guys are primed for El Nino this year, so it ought to be interesting. Yeah, yeah, exactly. That’s what they say. We shall see. Well, let’s start off with our first question for the sake of time, Mike, as always, with the structural multi year deficit in physical silver driven by green tech and industrial demand, how much of this recent price drop is a pure macroeconomic repricing caused by tightening the Fed expectations with a stronger dollar versus a fundamental shift in industrial consumption, such as cheaper solar panels that might permanently alter the velocity of the physical deficit going into 20.

Yeah, great question. A few things to unpack. So obviously you’ve got longer term, shorter term price expectations and price projections, etc. And by the way, I want to commend you for having Michael Oliver on recently because obviously he is one of the gurus who is not a gold bug, not a radical person. He has a very specific way of looking at structural momentum, foreign, any asset class. And this guy, probably more than anybody, has a pretty solid understanding of how to determine where things are going, which is obviously the key part of investing. It’s you want to know where the puck is going.

You don’t necessarily want to invest looking in the rear view. So long term fundamentals for supply and demand remain extremely bullish for gold and especially silver. But on gold, quickly. We know that there are almost no new discoveries of significant gold deposits globally. We know that the mining space has been underinvested and undercapitalized for the better part of the last 10 to 15 years. Even if there was all the gold to be found and all the money in the world for them to expand, you can’t just flick a switch and start pumping out, you know, record amounts of gold.

It actually takes 10 years plus to get a mine from wanting to expand, to having it permitted to having it developed, to being able to actually ramp up production. And so silver is even more bullish in terms of there being a more constrained supply coming on. Because we know that silver primarily is produced as a byproduct of base metal mining. They’re finding it along the way when they find copper, nickel, gold, zinc. And there are very few pure silver mining plays in the world, a lot of which are in Mexico, but there just aren’t again that many pure silver deposits that can be tapped if we needed to.

So shorter term price action, which of course we’d been talking at the end of June, end of July, how that is typical seasonal weakness. Well, coming out of the end of July through August, what happened? We went from 56 to 72 bucks, right? That run that, you know, what’s that? A fifteen, sixteen dollar run in the silver price in three weeks is what we had. So of course with Jackson Hole last Friday, you’ve now got rumblings and Polymarket predicting what, a 50, 60% chance of a rate hike? The narrative that Warsh was using at Jackson Hole is, you know, hiking is good for you.

And he was making these kind of analogies about, you know, actually doing hiking as a physical activity and how sometimes you need to hike. And, and he came out quite hawkish, almost comically hawkish. Now, you know, my opinion, they can’t do much in terms of significantly raising rates without actually causing significant economic damage and especially damage to the stock market in particular, which is already wobbling a lot. Like today’s jobs report shows that we what created 160,000 jobs last month and the stock market and the metals have all sold off. Now the reason for that, I’m assuming is because the economy’s being shown as running a little hotter than expected.

That means they’re going to have to raise rates potentially. You know, the potential of having to raise rates is even higher. The probability of them raising rates in a couple weeks is even higher in order to get inflation down and to cool the economy and these types of things. What we do know about jobs reports is that they’re actually like kind of a bit of a theatrical optical illusion type of exercise. They’re always revised in hindsight downward. And so they show these jobs being created. Well, three months from now they’re going to be actually revising those.

And a lot of this stuff is seasonal too. But so the point is we have a lot of hawkish talk from the Fed about needing to raise rates. They may and obviously poly market and the markets often what the Fed has to do is it actually has to deliver on what the market is expecting. They don’t want to surprise markets. But I’m still of the opinion that if they do that then they create a whole host of other issues. For example, we are at $40 trillion now in national debt. The most expensive item in our budget is debt servicing.

If we raise rates, we’ll be raising the cost of servicing our own debt. We’re already buying back our own bonds at levels that are shocking even to someone like me. Just in July we had to spend $2 billion at our own treasury auction to buy our own bonds back for lack of demand. And again, the reason to buy our own bonds back is so that they don’t continue to sell off with no buyers and therefore yields rise on the 10 year and 20 year Treasury. Now it was 2 billion of bond repurchasing at the end of June.

It was 4 billion in bond repurchasing at the end of July. And now I just saw that it’s 12 and a half billion today in our own treasury repurchasing or liquidity that we’re providing for buying back our own bonds, which is what, six times what it was two, two months ago. And so, you know, these week to week, month to month fluctuations in the price, I think that they’re normal ebbing and flowing. Of course there’s some reactionary stuff to what’s going on at the Fed, but we’re still a full $10 higher than where we were just a month ago or five weeks ago.

Now in the silver price. This is just also a natural kind of retest of let’s say the mid-60s before we can get into the mid-70s, 80s, et cetera. So I see it as an opportunity to buy, an awesome opportunity to accumulate more metal if you’re in the need to. Obviously if you’ve got your portfolio secured at lower prices, fantastic. Just ride the wave. If you own metals at higher prices is a good time to buy this little D. But I can’t think of anything more bullish, John, than a government that is in debt, you know, $40 trillion in debt, it can’t ever eliminate that.

It has no purchasers for its bonds, it’s printing money to buy back its own debt. It’s essentially like the Ouroboros, the Greek symbol of a snake consuming itself. Right? It’s the ultimate debt and debt death spiral that we’re watching play out. So I don’t worry so much about the day to day, week to week, month to month, long term fundamentals of the scarcity and finite nature of gold and silver, their, their importance industrially, like you mentioned for silver especially, those are all growing. The monetary demand for gold and silver is going to be at record highs here soon.

Once we have kind of a catalyst that triggers the next financial crisis. And then we have all the makings of a sovereign debt crisis, currency crisis, global financial crisis of proportions we’ve never seen. So I wouldn’t worry so much about the price in the short term. We have all the stars aligning for probably what will end up being the biggest precious metals bull market of all time. Without question. And there’s another. Thank you, Mike. There’s another key component too I’d like to add to the mix. Not a financial advisor, not financial advice, put that as a disclaimer.

But I have a sneaking suspicion that Warsh is saying one thing to the Deep State Central bank, but he’s actually going to do something inverse, meaning hold the rate steady, which will, with the clarity act passing on the 15th. What a coincidence. The next day he’s making his analysis report. I think he’s going to stabilize the rates, which will bring metals up, which will bring cryptos up, which will bring said market up, or possibly a surprise rate cut because the CPI core inflation data hasn’t come out yet. And I think that’s where they’re going to adjust that when these numbers artificially.

And we have the midterms coming up as well. So you, you had alluded to that in the past. Yes. Yeah, those are all really good points to John. Very astute. I think if they are going to raise, they have to do it now because after this meeting they won’t be able to without it being too close to midterms where, you know, you’re basically just asking for, for trouble with Trump. But at the same time, too, it’s surprising. You know, Warsh has come out essentially and done the exact opposite of what he was expected to do. The reasons he was selected by Trump was he would accommodate his desire to cut rates and provide easier monetary policy and all this stuff.

And he’s done the opposite. He’s come out and been very hawkish. He’s talking about raising and you have to figure, is there some kind of coordination between him and Besant and Warsh? It’s a little bit tricky because I don’t quite understand what the game plan is if they are kind of working in unison. But I agree with you. Next week or sorry, I guess it’s the following, the 15th week and a half, the 15th and the 16th. So the clarity act and then the next FOMC meetings, be really, really interesting to see how that goes. Now if they do surprise, surprise markets with a hold or a cut or they raise more or less than expected.

Again, I think this is just temporary stuff that, you know, obviously will have an impact on markets. But I think again, we’re on an intractable path to a major financial reset and what’s done this month or next month won’t change that. But obviously it does kind of create some temporary ebbs and flows in the market. That does create opportunities for us. But we’ll be watching closely and monitoring and acting accordingly. Well, it’s interesting. Thank you, Mike. It’s interesting you say that as a counterpoint or additional point because I had an interview last week you may have seen with Michael Oliver, who you highly recommended.

I get and I’m glad you did. Thank you for that assist. And he agrees with you. His, his contention, for those who haven’t watched it isn’t so much about the, the price of metals but the speed in which it will happen, the velocity. And I sort of interpreted what he said is akin to an old movie, War Games, where they tried to unplug it and they tried to manipulate it and it did not matter. The computer went full steam ahead with the plan and, and nothing deterred it. And in a similar analogy, I think metals are going to move forward regardless of what happens, because as you said, it’s a self fulfilling prophecy with the hydra, the snake consuming itself.

All roads, as they say, lead to Rome in this case. So yeah, very, very good points, Micah. How much, if any, does silver and gold price appreciate? Appreciation depend on interest rates falling. Yeah, I would say, you know, interest rates coming down and a cutting of, of of rates would actually impact the dollar. It would weaken the dollar in the commodity space. A weaker dollar supports higher prices. So as you know, they cut rates and the dollar drops. The price of gold and silver would rise. Now real rates actually rising, which means that inflation is rising and it’s rising, you know, in excess of the actual rates that are provided by policymakers.

Real rates rising and actually core inflation and these things actually rising is what’s most supportive of, of golden, higher gold and silver prices longer term. Now we obviously see that that is where things are going. That is why they’re talking about raising rates is because real rates are rising. They need to raise rates because traditionally you need the overnight rate at the Fed to be about 2% higher than the actual rate of inflation in order to have enough pressure on it to tamp it down. Now we obviously aren’t there right now, but I would say that whether they get cut or they get raised again, we’re in this big global macro environment where short term decisions on policy rates won’t really matter.

We know that we have all the makings of a sovereign debt crisis, all the makings of a huge stock market crisis, all the makings of a housing market crisis. Those three big massive bubbles may or may not pop all at the same time, but they will eventually pop. And when they do, what happens? It’ll be the government printing money to provide liquidity to any one of those three markets in order to prop them up and to keep the wheels greased and moving smoothly. But they won’t be able to do enough there, I don’t think soon enough to avoid any actual economic or financial pain.

And actually they’ll be exacerbating the financial pain that’s experienced once we’re through that crisis. Because the money printing as a response to the crises themselves will actually kill the dollar, make real inflation and real rates even higher. And you know, you’ve heard Michael Oliver talk about this, about how we expect much higher interest rates and bond yields. So much higher interest rates, much higher inflation rates, much higher bond yields. All these things alongside much higher gold and silver prices. And so it’s this you know, kind of roadmap of, you know, whatever’s happening now, you know, it could be up or down or this or that, but again, this intractable path that we’re on, there’s not really any way of avoiding the consequences of the scenario or the situation that we’re in and that we’ve built and kind of, you know, painted ourselves into this corner.

So there’s only a matter of how long does it take to play out, in my opinion. And again with, with Michael Oliver’s highly respected opinion, he believes that this kind of repricing of the monetary metals will be an absolutely violent, almost an event. Right, rather than a process. It’ll be almost just like a, rather than a slow march higher over many, many years. Now I’m fine with either of those scenarios happening. And like I said, the short term decisions that the Fed thinks they’re in control and that they’ll make to alter the outcome, they just, you know, they’re, they’re not really going to be able to.

No, it’s a non sequitur. Absolutely. And again, not to be repetitive, but he makes a great point. You mentioned it, Michael Oliver. I asked him about, as you saw, about the stock market, the housing market, because I do see how they all correlate. And I believe his characterization was that he doesn’t like saying it, but he sees history. I know you’re an arbiter of history like myself. We love to study it, both us and financial respectively. His contention was Red October, which prophetically has a lot of validity as well. And you Remember Micah in 08 when we saw the quote unquote, too big to fail bailout artificially? Of course we should have reset back then.

And that was a suppression of the inevitability of where we are now. And when you pull a slingshot back, every action is equal or opposite reaction, it’s going to hit even harder. He’s basically saying October. And what did we see in 08? We saw it in hit actually in 07, the housing market. But it took effect in September, I remember, of 08 and continued into October. When did the economy really reflect that? Three months later, in January. My point is, could we see a reprise of that now? I believe so, yeah. And so the speed and velocity of it.

Yeah, for sure. And a couple of things. I want to tug on one thread from that. So, you know, you mentioned, you know, we probably should have had some kind of financial system collapse and an actual, you know, resetting of the financial system back in 08. But we came to the rescue. Money printing, quantitative easing, monetary, modern monetary theory, zero rates and yada, yada, yada. So we, you know, we kicked that can down the line. We, you know, essentially instead of facing a brutal hangover, we just decided to, you know, dump a bunch more, you know, alcohol, drugs, booze, whatever, you know, just to kind of mask it, you know, delay.

Exactly. Delay it. Mask it. Put it. Put it off. Put it off. We don’t want to deal with this now. Well, unfortunately, that’s what’s happened with every, every administration, every political leader. Like nobody ever really wants to be on watch when, you know, shit hits the fan and everything goes down. And I don’t think that that’s going to be any different this time. So that’s why I’m absolutely convinced that when we have this, you know, popping of the three major bubbles, housing stocks and bonds, whether they’re simultaneous or sequential, which goes first, I don’t know. But the, you know, the guaranteed response from any administration, I’m not criticizing Trump at the particular is just going to be, we don’t want to deal with this right now.

We have to be reelected in the fall, we got to be reelected next year. We’re in or, you know, we’re in a new. And that’s the again, pitfalls of democracy. As unpopular of an opinion that would be as we’re constantly, you know, this political weather vein of, you know, blue, red, blue, red, blue, red every four years, nobody ever wants to take their medicine and deal with the crisis to kind of get us through and get us sorted and restructured and back to our fundamentals and back to sound money and back to all these critical things.

Other thing I want to talk about, part of the comment you made is, is yeah, October is generally the most volatile month of the year for stocks. There’s a tendency for it to be even more volatile when you’re in a midterm cycle or election cycle. I had a live stream with my CEO Colin saying that, you know, there are some projections that you could see a 15 to 18% drop in the S P over the month of, over the month of October. Now, you know, obviously no guarantees, but like with metals I mentioned, you know, seasonally, there’s certain months where it plays and it’s a little bit weaker.

That’s June and July. You know, like I said, We’re $10 higher now. We were at 1.15, 16, $17 higher just last week before Jackson Hole. Seasonality for stocks is going to make it so that people are going to probably feel quite a bit of pain over the next, you know, four, six, eight weeks. We’re only 63 days away from midterms and I think there’s going to be a lot of arm wrestling and chicanery and things like this to basically just see, you know, it’s going to be Democrats in the deep state trying to blow up the system to give Trump a harder time to get reelected.

It’s going to be Trump maybe tapping the Fed to do something that’s unexpected so that we can have, you know, more liquidity and easy money and better expectations of maybe rate cuts or maybe rates being held for stock markets to cruise higher into those. So it’s going to be such an interesting time. I would just sort of fall back to again, intractable path. Gold and silver. The only way, only places to be in my opinion right now. At least, you know, for solid core position of your portfolio. There’s nothing to worry about on a long enough time time frame with, with gold and silver.

So I think that, you know, again, post Labor Day usually is when people snap out of summer mode. Oh, geez, I’ve been meaning to do this all summer. Oh, geez, I’ve, I’ve been, you know, worried and afraid and, you know, I see my 401k statement kind of stalling out or dipping down or whatever the case may be. So I think it’ll end up getting pretty hairy and pretty volatile here and I expect a turbulent fall. So it’s a good time to be thinking about this stuff and trying to make some moves and some, you know, plan for, for financial success.

Yeah, absolutely. And before the next question, Mike, I’m going to double down on because I think this is an important discussion, as you would agree. Hopefully the audience concurs. I’ll double down and say, even go a step further if I may, and say that we’re in the winning seat because even xrp, which is considered to be the world’s bridge currency, is now backed by gold. Texas just announced May 1st of next year. You can take your paycheck and convert it from XRP to XLM or vice versa, or get physical gold and silver. So it’s backed by gold and silver.

So metals are really the driving force for everything. The new economic system, the industrial. It doesn’t just defend your wealth, but it actually grows it. Because especially for the silver stackers or metal gold stackers who’ve been stacked backing for, you know, 20, 30 years, like some of us, they’ve been winning the whole time. And you said it. Buy this dip. This is a. What we can see, and I think you’ve talked to me about it, that the fall is historically one of the biggest months for metals. And in the average year, which this clearly is not an average year, just the midterms.

And even if we see Micah being conservative as you are and measured, which is good, you’re not too high or too low, it helps the audience kind of stay level. Even if we see the housing markets and the stock markets hit their bubble after the midterms, they’re going to start in October, and it’s going to have a, a reflexive effect into January. So we’re in that sweet spot right now. So I don’t know who needs to hear this, but anybody who’s standing pat on your portfolio or waiting to buy metals, there’s just a question of how much do you want to pay? Would you rather pay, you know, 60, 70 bucks with premiums, or would you rather pay 2, 3, 4, $500 like Michael Oliver’s espousing and others as well? How do you, you know, it? It’s.

It’s pick your poison. Exactly. And I hear that all the time, John. Oh, I wish I bought, you know, I wish I did this two years ago. I wish I did this three years ago. I’ve been thinking about this for five years. I almost made a move in 2020, but I never did. And I tell them, like, yeah, sure, we all wish that we could go back and buy 12, 13 silver, where I started accumulating, or 20, 25 silver, where most of my clients have, have actually acquired some or, you know, $30 silver or anything, honestly, sub 50, you know, but the, the, the gold, the benchmark keeps moving.

Oh, I Wish I bought $50. Oh, I wish I bought $30. Oh, I wish I bought twenty dollars. In hindsight, I think anything under a hundred bucks, people will go, geez, I should have, you know, mortgage the house and bought, you know, bought a sub 100. Because Michael Oliver’s targets now are somewhere between 500 and a thousand, basically. Right? It’s just, you know, how high does gold go? What’s the actual GSR going to end up being? And that’s obviously the matrix that I use as well as an analyst for or for analyzing gold and silver targets.

But yeah, you know, it’s always like if you could go back, you would have bought more then. But that’s the same thing that you’re going to be saying about the price right now. 65 or what is it, $66, 66.06 right now, like that’s nothing for silver. It’s. Yeah, it’s a five fold move to the very bottom of my Target, which is $300. Right. Well Mike, I mean Micah, Michael obviously agrees with you. You just said that. Lynette Zhang takes it a step further, saying 2000 repeatedly on her podcast, which we’ve had her many times before. So you know, they’re, they’re all waking up to, I mean they know but I’m saying the industry as a whole is waking up to the reality of things and again to Rome.

Just get in while you can and keep stacking your position and help others to do so so that we can win collectively as a society at the end of the day. Amen. With, with China implementing strict dual one export controls and export licensing on refined silver. While man, excuse me, while maintaining a persistent double digit price premium on the Shanghai Gold Exchange over Western paper benchmarks. To what extent is this administrative bottleneck permanently fracturing global silver arbitrage into is regional inventories rather than reflecting a true worldwide depletion of above ground bullion? Yeah, I think that’s interesting.

So in terms of like regional disparities for premiums and net and the way you know, gold and silver are viewed and the format in which it’s preferred and you know, I’d say a couple things like the export ban is not an all out export ban, it’s just that they’re you know, making a lot more strict to be able to get, get silver out of the country. There has been an export ban on gold for, for a long time in China. You can’t take any gold out of, out of China. I think it’s 30 years they’ve been doing that.

You know, the, the Shanghai Gold Exchange, the networks that are being set up, the vaulting networks that exist in Singapore. All this again leads to the concept of there being essentially, you know, an Eastern market and a Western market. And the Eastern market is physical settlement only and the Western market is still paper settlement only. You know, the house of cards or the Ponzi scheme of paper gold and silver in the west that’s perpetrated by the LBMA and the, and the comex that’ll continue on for some time. But obviously you’ve got bigger populations, maybe at some point in the future, not too far off, biggest economies.

You know, obviously the US is the biggest economy in the world, but I don’t think it takes much for China and India and these, you know, obviously look at, they have billions of billions of people. You know, they’re obviously not as wealthy as us. But the point to where, you know, the consumption of gold and silver and even the investment in retail level of investment in gold and silver is just going to be absolutely dominated by the east. And again it’ll be dominated in a physical, physical settlement form. And so I think that’s why you pay a little bit more for gold and silver over there, because there’s not this kind of paper spoofing concept where you can manipulate price and drive it lower.

Like today. The COMEX price unfortunately is still the international benchmark, but it’s not a real reflection of the actual value of gold and silver. And so I think there’s this slow and incremental kind of developments that are happening, led by the east obviously that are very encouraging. That I think just kind of emphasizes again, you know, own the real commodity, own it yourself, have it in various formats, you know, vaulted with you, etc. But the importance and the properties of the physical commodity itself is what the entire world needs, wants and will continue to pursue. You know, there’s a role for gold, gold and silver, kind of paper instruments and mining companies and ETFs and these types of things.

But it’s more short term, you know, short term plays and you know, stuff that’s not long term and meant to be as safe and like your core position. But yeah, I will always, always fall back on the importance of physical metal and I think obviously just look at what’s going on. So this East first west thing will continue to play out over many, many years. Well, I was going to say, Michael, real quick, you make a really important underrated point because with what the US has done to buy back the treasury bonds, which is basically toxic debt from Japan, that signals to me a revalue of the yen in gold and silver like all the other currencies are going to do signals in east west reset.

And President Xi, since you mentioned China is scheduled to meet with President Trump in less than three weeks from yesterday with the UN global meetings that always happen. I have a feeling this year it’s going to have a very different twist and flavor to it with what you’ve discussed. Given that a growing number of states such as Utah, Texas and Florida that have enacted or scheduled laws recognizing gold and silver as legal tender. How can a decentralized physical or depository linked gold currency practically function at the retail checkout line when federal tax codes still treat precious metals as a capital gain yielding property and merchants are under no legal obligation to accept them? So a few components to that question and I’ll answer it hopefully in the right order.

But super encouraging to see the recognition of gold and silver as actual money as per the Constitution, as per essentially global monetary history. Right? Gold and silver, our money, everything else is just temporary forms of credit and trust. And those things are obviously eroding the credit worthiness of our nation’s eroding. That’s why there’s less confidence in bonds and bonds being sold off and those traditional sources of demand and us buying back our own bonds, et cetera, et cetera. But yeah, having these states say look, gold and silver are money and then you know, the idea that you could use them in some form of mercantilism or you know, in your purchases of day to day goods with several merchants that choose to participate.

I’d say a few things. This is personal opinion. I don’t want to ever use my gold and silver as actual day to day purchasing form of money because it’s really the best form of savings up until the point that we have figured out how to get out of a fiat currency system. I want to see spend my fiat dollars on the things that I need that are just consumables that are basically, you know, paying the bills, you know, eating and keeping the lights on and shopping and the things that you need month to month. I’m very happy to spend my fiat on that because it’s not worth more than the things that we need to kind of consume and, and, and the necessities of life.

But when it comes to my wealth and my retirement and my financial well being, I’m stacking in gold and silver longer term because we only know that the gold and silver price will continue to go higher up until the point that we have some kind of financial reset where they’re now revalued as actual money at you know, insane levels would take whoever’s targets you want. But I’m assuming that at the end of all of this, when we do have a new gold and silver standard and we have revalued gold and silver as actual money, then you can start to potentially spend it like we did when we were on a gold standard before, because the gold price was fixed.

You could trade $34 for an ounce of gold or an ounce of Gold for $34. You could walk around with coins in your pocket. You could make transactions with coins in your pocket. Silver and gold together we’re able to get you through most purchases. But making change in these types of things is pretty tough. I don’t ever see us going back to, you know, walking around with gold and silver coins in our pocket necessarily. If the system is going to really evolve or re. Evolve back into a gold and silver sound money system, you’ll probably have like you said earlier with, with what’s the.

Oh man, I’m drawing a blank. The crypto. Oh, xrp. Xrp, sorry. And there’s a lot of people saying it’s, you know, XRP is the plumbing and gold and silver is the reserve and it’s all going to be tapping and cards and phones or whatever and, and I don’t love that. I don’t love the digital nature of that. I still prefer the analog nature of physical bullion. But you know, I can see it being that way let’s say five, ten years from now. But in the meantime I don’t want to use my gold and silver, which is again my life savings.

It’s a, it’s not as for me, the preferred format to spend money in, I would rather use fiat that’s a continuously deteriorating in terms of its purchasing power. I want to get rid of that stuff while I can. And in the excess fiat that I have outside of what I need to meet my month to month, day to day needs and necessities, I roll that into more metal every month. Right. So I constantly adding to my silver, gold and silver stack. But there’ll be a time and a place hopefully where you know, again they are treated as money for sure.

But you, like you said, you have all these federal taxes and then the state doesn’t tax you, but the federal government will and kind of makes it complicated. So instead of using it in day to day transactions and using it as money and having all this kind of complicated stuff, I would just, in my opinion, I would treat it still as your savings and I would look at being, look at spending your fiat for day to day stuff. Yeah, no, I would agree with that, but I would just add to the cache what you shared, Micah, that I believe during this midterm cycle, the 60 plus days you alluded to earlier, we’re going to see a lot of things between now and November, this two month cycle which we’ve articulated to include I think, you know, you look at Florida for instance, since we brought that up, Governor DeSantis has already declared that they’re income tax free, but now they’re going to be property tax free.

And I think President Trump is bringing it down constitutionally to restore the republic, allowing the states to secede away from the corporation slash British federal DC Government and allow states to self govern as they should have always been able to do, bringing us back to sound money. And in the process he’ll remove property tax, income tax, capital gains tax, all that artificial stuff that was never part of the Constitution our forefathers did not want. Right. And now you’re going to see a, a hard delineation between and it’s not to get political, it’s just to make factual points.

You’re going to see a hard line because I lived in your state, so I know it well. You’re going to see a hard delineation between the red states and the blue states. And the ones that are getting on board the right way are going to thrive and the ones that aren’t are, you know, people are going to have a choice to make and we pray they make the right ones. But I think he’s going to remove all those taxes. And we already see the lion’s share of the country is allowing gold and silver to be bought penalty free like Noble Gold has already been doing for years and years and years.

And so I think you’ll see that delineation sort of the wheat from the tariffs pull itself apart. But it’s, the point is even with xrp, even if you subscribe to the digital side of things, which I’m, I’m, you know, I have a part belief in that. But I, it still is a derivative of gold and silver now and Texas has proven that outcome next year shows you that all roads lead back to precious metals and physical. And even if you, if you like some digital form still comes back to the physical. Owning it, stacking it and having anything that’s a true derivative of it, I think is the central, you know, core point.

Hear, hear. What are the odds of a return to a black market barter system if the dollar currency eventually loses confidence and collapses, which it will. Do you think silver and gold would become the de facto currency in that type of scenario? Or do you think items like lighters, alcohol, beef jerky, toilet paper like we saw during COVID are better suited for supply chain constraints for potential apocalypse? Geez. Makes me think of one of my favorite movies and Books by Cormac McCarthy the Road, right. Like if you want to know what life is like in kind of a post apocalyptic scenario, it’s not going to be good.

I don’t think, you know, we’ll be thinking much about, about anything other than, you know, trying to stay alive. So I don’t want to think about that. But if there is a real currency crisis, one where, you know, you wake up one day and people just simply won’t accept dollars, or you know, the power is down or the banks are down and the dollar’s gone down, I kind of look at it this way, John. I’d say like all the things we’ve talked about for so long, we’re here. And the light at the end of the tunnel is a new global financial system that views and respects and prioritizes physical gold and physical silver as the absolute best form of money.

And we will have a new system that again, whether it’s digital or this or that, or you know, a state by state way of using it or country by country way of using it. You we will go back to some new version of a global gold standard like we have been on many times through history. It just happens that we are now kind of at the tail end of the very first period of every single country in the world being off of a gold standard. So we’re here and this is the light at the end of the tunnel.

It’s an extremely prosperous time where again sound money dominates and everyone who owns gold and silver is going to benefit from the absolutely massive wealth transfer that will occur in that shift. But at somewhere in between, we will have a currency crisis, we will have an actual financial crisis. We will have, whether it’s a global depression, recession, hyper inflation stagflation, hyper stagflation. There’s going to be chaos and between and so it’s not going to be a smooth like, okay guys, you know, tomorrow’s the first day that we’re switching over to the new system and it’s a seamless conversion.

No, that’s not how this normally goes. Now there’s a very small probability that they’ve engineered something like that. But I’m more of the opinion that when you look at currency crises, when you look at sovereign debt crises, when you look at these types of problems, they just, they create some kind of massive event and then you’re having to deal through that crisis. So I’m obviously a hunter, a prepper, homesteader. We try to be as self reliant as possible. We live in a community where everyone’s also Kind of hobby farmers and homesteaders and very like minded. And you know, the idea is you do need all these other things that would get you through that crisis period.

Because again, it’s not just going to be a seamless and smooth transition from where to where we’re going in between there will be a crisis period. It could be weeks, it could be months, it could be days. Like nobody knows that. So to have, you know, months worth of food and water and have guns and ammo and goods that are barterable. So, you know, I’ve got a bunch of these little mini liquor bottles, A couple boxes of those go a long way if you needed to, you know, cigarettes and tobacco or any of these things, toilet paper like you mentioned.

Of course, those are good barterable items. Gold is kind of hard to barter with because even, even a 1 gram gold bar the size of your Pinky nail is 130, $140. A standard, you know, one ounce round, one ounce coin. This is, you know, 66, $70. Right now you can get quarter ounce, half ounce rounds. I’ve got some 10th ounce rounds. So if I need to barter. And of course that’s kind of what the idea is. And we’ve seen this in Weimar, Zimbabwe, Venezuela, Lebanon, Turkey, when the currency fails, people won’t want that. They’ll want anything else that either has a utility or intrinsic store of value.

Actually in Venezuela during their currency crisis in, in 2020, which people often don’t remember because there’s obviously so much going on in 2020 anyway with, with COVID and whatnot. But in the news of the crisis, there’s banknotes all over the street. Like they’re littered with banknotes because they’re completely worthless. So you can’t, hey, my paper money. Do you want some? Now I keep some cash because obviously you could use that first. But if it’s really gotten to the point where we just can’t, then you’re going to need something else that again is universally regarded as actually valuable and actually holding value.

And that’s where gold and silver certainly could be handy, especially silver from a barterable perspective. So we don’t hope for any of this. Obviously I don’t want there to be some kind of post apocalyptic Mad Max scenario that we’re all living in. But, but if we get there, I’m prepared. I’m as prepared as I can be. I’ve been doing this for over 10 years, but most people aren’t prepared. I would, I don’t say that to Scare them. But I think, you know, everyone needs to probably again, gold and silver are part of the equation, but you need to have all those other bases covered as well.

Yeah, I mean, ultimately this, the point of the question wasn’t about fear, based about preparation. Like you said, you know, Henry Ford said people don’t plan to fail, they fail to plan. So anyone watching our podcast, including your audience and mine, knows this. But also for the newbies coming on that are, you know, just either, you know, thinking about gold and silver or have heard about it for years, but for whatever reason didn’t take action until now, you know, better late than never. But, you know, for silver stackers for years and years and years, they know this already.

But it’s, you know, when you start talking a 500 price point like Michael Oliver has in the near future, that sets up the potentiality for a Mad Max world. So you’re going to have extreme wealth and extreme poverty. It’s which side do you want to be on? And like you said, you’re in a community that supports and propagates that. And I also believe that not just by himself, but President Trump, in conjunction with other cogent members of his said administration, are working with all these nations you mentioned, like Venezuela, Zimbabwe, many of the countries that are asset rich, gold, silver, diamonds, ruby, sapphires, et cetera, et cetera, to repatriate those countries and turn around that, that fiat crisis and turn it into a quote unquote asset for their benefit.

But it all comes back to a base of precious metals at the end of the day. So once again, all roads lead to Rome is really the central point we’re making. Last question. For the data, to respect your time and the audience’s time, do you think it’s better for stackers, since we talked, to hide or suppress their gold and silver in a secret place at home? Or would you suggest storing precious metals at a vault? Or do you have another idea? Yeah, I think, you know, as far as physical bullion and storage goes, it’s kind of all the above.

You want to have options, you want to have diversification. You won’t have, obviously security being top of mind, so, you know, keep some at home. That’s no secret. It needs to be properly stored, properly vaulted so that you have a little bit at your fingertips. I also have another location that is, you know, near ish by where I keep a pretty significant stack that if something were to happen where I’m running out of stuff that I have here, I have that to be able to go and access. Now I’ve got my and my wife’s IRAs in our Dallas facility where that’s the absolute majority of my total holdings.

It’s in a maximum security, fully insured, independent, meaning unregulated by the state or the federal government depository. I can go there, touch them, pull them out. I’ve, you know, we send audited photographs of people’s metals. If they don’t want to go there, that’s what we call proof of purchase. But you know, I have been there, I’ve seen my stuff. I have actually personally audited other clients medals in the depository. I trust them entirely to be holding the vast majority where I know that nothing can happen to it because it’s essentially, you know, think of a Costco and a maximum security prison and a bank vault.

All had a baby. That’s what that looks like. So I sleep well at night knowing that the bulk of it is there. But if we wake up tomorrow and the lights don’t flick on and this scenario that you’re talking about is underway, I need to have some available to me. So I’d say, you know, diversification, geographical diversification. You know, obviously working within your own sense of comfort and security. Like if, you know, we are pretty much rural, right? But if you’re downtown in a high rise, in a, in a condo that, you know, you’re only renting as opposed to maybe owning your, and owning your property.

All these things factor into how much should you have with you? How much did you have? Should you use a safety deposit box at your bank? Should you. I’ve heard of people who don’t want their stuff in the financial system, so they keep it in a safety deposit box in the casino, which is private rather than part of the, you know, the financial system. And so, you know, there’s no one, you know, one size fits all answer for everybody. But I think it’s like, you know, multiple options is, is the way to, to look at it and diversifying and keeping yourself safe.

Yeah, I think diversification is key. Just giving yourself a lot of options and so forth, not having all your eggs in one basket, as they say. Thank you for that. I appreciate that. And folks, as we conclude this particular podcast, Noble Gold has graciously extenuated their promotion of a 10 ounce bar of silver 999 purity, as you can see here. And so they are our chief financial sponsor, as you know, for the podcast, if you’ve been on the sidelines waiting, trying to get the best price or scout it out We’ve already laid out all the various and sundry facts and details as to why we believe it’s good to be doing it all along the way.

Buy those dips as soon as you can. It’s really to your advantage. And so Mobile Gold is more than able to help you with all those things. If you want to get actual precious metals physically in your possession and or a combination of that and liquidating a 401k IRA annuity or pension or some iteration thereof, Noble is expertly adept in helping you to do so. Limited time offer for the month of now September 10 ounce store this silver bar. You can see our 250th anniversary. You can go to our link below in the description noblegoldinvestments.com forward/jdmetals is my promo code.

You can see here blowing this picture. And also Micah can be reached at his email if you want to just deal with him directly or any of the staff. Mikel Ira.com free advice and counsel and we’ll work with you at your direction, answer all your questions and help you facilitate whatever your needs are be it physical or paper conversions. They are certainly able to do that. I’ve done it myself. I’ve invested with Noble my own monies many times over over the years with, with both Colin and, and Hope and Micah’s team. So we put our money where our mouth is here.

So we would never ask you to do anything that we don’t do ourselves. Mike, any last words you have for the audience today? No, that’s it. I hope everybody has a fun and safe Labor Day weekend. Obviously we’re going to be kind of hitting the ground running like I think with Fed meeting coming up, Clarity act passing midterms, all these things. A volatile October for stocks, a very strong seasonal time of year for, for precious metals essentially. You know this is probably one of my favorite times of the year. Not just because the season in the fall and I, you know, I love all that stuff but because what it has in store for us and it just keeps everybody kind of on our toes and you know, it’s going to be, it’s going to be a blast.

So yeah, if anyone wants to continue the conversation with me personally, call me, email me. Like, like John said, I get back to absolutely everybody. No, you know, no sales pressure tactics, anything, just a consultation and yeah, I really appreciate our time together as always John and I look forward to the next one soon. Yours all, Micah. Have a safe, wonderful Labor Day weekend. Get some rest. I think we’re going to need it for what’s coming this month and throughout the year. And we’ll see you again. A couple weeks. 100. You got it, boss.
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