Jon Dowling Micah Haince Discuss Precious Metals Latest Updates

➡ Micah Haynes, a top sales representative for Noble Gold, joined a podcast to discuss the current state of precious metals, IRA and 401k conversions. He shared that December 2025 was the busiest month for Noble Gold, selling three times more than any other December. Micah also mentioned that the demand for physical possession of metals is high, leading to a phenomenon called backwardation where the physical metal price is higher than the futures price. He predicts 2026 to be a record year for those who own precious metals.
➡ The demand for physical silver is increasing globally, causing its price to rise. This is due to low inventories and high demand, especially in countries like the UK, Japan, and the United Arab Emirates. There are also rumors of a large amount of silver missing from Venezuela, which if true, could further increase prices. Additionally, China has tightened its export controls on silver, which could limit its availability and drive prices even higher.
➡ The market for silver is experiencing rapid changes, with prices fluctuating dramatically. This is due to a supply-demand imbalance, which could lead to much higher prices before things balance out. There are predictions that silver could reach $200-$600 in the next few years. However, with China, which refines 60-70% of the world’s silver, closing its doors on the global silver market, there are concerns about how the world will cope with this loss and whether other countries can increase their refining capabilities quickly enough.
➡ The text discusses the importance of investing in precious metals like silver, comparing it to merging onto a freeway – you get on when you can, without trying to perfectly time it. The speaker emphasizes that it’s not about short-term trading, but about long-term holding for several years. They also highlight that investing in precious metals is a form of insurance, reducing risk from banks and currency. The speaker encourages people to invest now, as the trend for the next few years is expected to be much higher.
➡ When the stock market and gold prices are both high, it often indicates underlying issues with the economy or stock market. This situation leads big investors to move their money from the overvalued stock market to gold as a form of insurance. This shift can push up gold prices. Regardless of whether the stock market crashes or not, metals like gold and silver are considered safe investments because they can never lose all their value and they have a long-standing reputation as reliable assets.
➡ The speaker predicts that the price of gold will reach around $10,000 in the next three to five years, and the price of silver will also increase significantly. They suggest that buying silver when the gold to silver ratio is high (like 90 to 1) and then exchanging it for gold when the ratio decreases (like 30 to 1) can yield more profit or more gold. However, they also warn that silver is more volatile than gold. The speaker believes that gold and silver might not follow the usual cycle of peaking and then dropping by 50%, but could instead stabilize at high prices.
➡ The speaker believes in a global financial reset that will favor gold and silver. He plans to convert a significant portion of his silver into gold, while keeping some silver in case its value equals gold. He encourages others to consider this strategy for a more stable portfolio. The speaker also mentions a company, Noble Gold, which offers investment services and promotions for qualified accounts.

Hi everyone and welcome to our bi monthly podcast with one of our chief sponsors, Noble Gold. And we have the one, the only, Mr. Micah Haynes who is rejoining us. He had such a popular response from the one we did last month that he’s coming for a reprise and we’re honored to have him back along with Colin who will be joining us later this month. And Micah has chock full of wisdom, humility and knowledge and the subject of precious metals, IRA and 401k conversions and the like. So we’re going to pick his brain on a lot of important things going on, particularly in the areas of silver and copper and gold respectively.

So interested to see what he has to say about all that. If you are new to the podcast, please do like subscribe and share. Helps the channel grow and others to gain in the knowledge you’re currently being afforded. As you may recall, for those of you who are new, Micah has over 10 years experience as one of the top sales representatives for Noble Gold. So he’s entrusted by Colin specifically. He has a very robust client base that trusts him and works with him loyally on an ongoing basis. And that speaks volumes when people trust and respect you.

I certainly know that firsthand. And that’s why we asked Noble Gold to be our chief sponsor, because we do have trust in them. I purchase my own precious metals through them for whatever that’s worth to you. And so I’m delighted and honored to have back Micah on the podcast. Micah, how are you doing today? Good sir. And happy New Year. Really well John, thanks for having me on. What a treat. And happy New Year to you too. Yeah, it was busy. Nice holiday for us, some R and R, but we just had the third busiest December.

Sorry, the busiest December by a factor of three. I’ve been kind of getting that confused. So that means we sold more in December of 2025 than any other December by three times. Now we’re welcoming the quiet kind of zone like Thanksgiving to mid January. Not a lot of portfolio action typically happens but this year was different and the market was different and we’re obviously seeing that now. So everyone was just piling on. I think on Christmas Day I maybe a dozen emails of people I need to buy. When are you back? When are you black? So it was a great Christmas, but it was busier than we expected and I think that’s a great way to start the year.

I agree that’s actually I want to ask you because from my knowledge typically in the metal space in past years, my understanding is December and January Tend to be more of the lull months. But you’re saying that it was an uptick, so. I’m glad to hear you say that. Sorry, go ahead. But just. Yeah, a huge uptick, right? Like 3. A 3x for any given month. Right? That’s like, you don’t expect that. So like I said, it’s usually welcome and quiet. But things are different now, right? As you know and as your audience knows that we’re coming into a different time, things work differently.

We’re. We’re capturing the attention of people who never looked at these asset classes or at silver or gold before. So it’s really, really nice to be in this kind of busy phase. And I think it’s going to be a record year for, for all of us who already own it and still not for people to get in either. We’ll talk about that, I’m sure. But 2026 is setting itself up to be like a record year for all of us, so. No, I agree. It’ll be a banner year. I did want to ask you on that sub before we go into the main questions.

In the 10 years you’ve been with Noble Gold, have you ever seen a December to January like this? No, not a December or a January like this. Like I said, typical seasonality. Busy, busy spring, busy, busy fall. So let’s call it like February, March, April is a really busy. Not a quarter because it’s not an actual annual quarter, but a really busy three months for us. And then we’ll have another September, October, November, Very, very busy. Usually those are, you know, my best months in sales. That’s everyone’s best month. So we kind of have that, you know, busy spring, slower summer, busy fall, slower winter.

That’s the typical seasonality of the metals. And you can go back and you too, I’m sure, like any investor, any client of mine over the last several years, you, you, you know, 2020, we had the COVID crash in March. The metals went crazy that summer. That was kind of a unique thing. But 2021-2022-2023-2024, 2025, the springs. So Mark, you know, March, April, May or February, March, April is always like kind of a rush time. And then once Labor Day kind of wraps up and people get out of summer mode, mid September, October through till pretty much Thanksgiving can be another very busy time.

Last year with the election was like that. The last several years have been like. So that’s a typical seasonality. You know, we know that no one’s thinking about their portfolio after Thanksgiving or through December in preparation for Christmas. And then you got to kind of shake off the, you know, the cobwebs as you get into the new year. And everyone’s then like, like I said mid January, February is when everybody ones now got goals and new financial plans and things they need to do to, to secure themselves and their families. And so, you know, that’s normal.

But to get again like just, it was nice, but it was almost like kind of not an annoyance. But I’m like Christmas Day, dozens of emails, New Year’s Eve, dozens of emails. I’m missing calls left, right and center. It’s like, guys, we’re humans, we’re at home, we’re with our families, we’re celebrating the holidays. Like no one’s around to place your trade. The 31st at 5 o’. Clock. But the price was going crazy. Right. We had a couple. It was, we’ll talk about that. We had like 10% up on Boxing Day and then 10% down on Monday the 29th and then 9% up on Tuesday the 30th and then 9% down on Wednesday the 30th.

Right. So we just had these like crazy volatility. We’re still seeing it now. But anyway, it’s nice and I think it’s indicative of the trend and it will only get busier for us. I agree. And to your point, you alluded to it. I think 2026 is going to be a banner year because it’s the golden age. President Trump has already, you know, staked that proverbial in the stake into the ground and made that declaration. And I think we’re going to see that full frontal this year. So let’s get started. I’m sorry, go ahead. Oh, no, that’s it.

Great. Yeah. So let’s, let’s get started with my first question just to respect you and the audience’s time. So as you mentioned, the spikes that happened before and after the holiday period, reports say they’re really was curious to ask you about this because this was fascinating to me. Reports say the physical price of a silver ounce is currently around 1:15 in the UK between 85 and 90 in China. In Japan, the premium spike was looking at about $130, while the Western spot price is under 80. For now, as we look at. Real quick, let me just show you this.

Micah, a little refresh. Yeah, yeah, do a little refresh. This is as of right now, 78.27 on silver, 44.5684 on gold. If I look at the futures. Futures markets 78, 17 and 4467. So fairly parallel, just so people can see how transparency. How long can the COMEX and LBMA keep their prices down when the rest of the world’s silver prices are so much greater? Yeah, it’s a really interesting phenomenon, even just to have the spot price higher than futures. John, as you might know, it’s a phenomenon called backwardation. And it usually means that like physical is in high demand.

People don’t really want the paper. So for your audience, just to kind of explain a couple of these terms, spot price is like the physical metal futures is a contract for future delivery potentially. So we kind of look at it as like the real price or the raw metal price versus, like paper silver price. So when you have the raw or real metal price higher than the futures price, it means that there’s like an immediate concern for physical possession. People want it right now. And that is usually something you only see in trading and in technical analysis.

You only really see backwardation at a bottom when something’s dropped a lot in price. And then you kind of figure out that’s resolving and it’s bottoming. You can usually see backwardation for, you know, days, maybe week or two, but it’s not a trend that’s like locked in and it’s embedded in, in, in that type of setup. So we have seen backwardation for three, two months, almost like consistently. It’s not something that normally lasts this long. It’s again, underlying underlining, it’s bolded, it’s exclamation marks, asterisks, Physical. That’s what people want. So physical premiums. Yeah, you look at spot and say, it’s okay, it’s 78 bucks, 79 bucks.

You know, you are paying right now like maybe 85 for an ounce of silver with us, but you’re paying, like you noted, 115 in the UK, 130 in Japan. I’ve seen 125 in the United UAE, the United Arab Emirates. And so the reason for that is those places are understanding more than we are and they’re wanting that physical so much more. The demand is so much higher and inventories are running so much lower that the cost of getting it into your hands and into your account is shooting up above the actual, you know, melt value of having new bullion in your possession.

So for us, we’re still in a decent situation. It’s the kind of early signs that we probably have inventory and supply issues here. I’m telling all my clients no issues right now. Right. I’m fulfilling every order. We did tens of millions of dollars last month in sales. We’ll do another similar month, this in January. If you’re looking to buy in the next two, three months. I have no concerns about supply. But if I’m looking out three to six months or six months and beyond, I actually can’t guarantee you that I’ve got a, you know, what do you want? Kind of situation.

It might be. Here’s what I have kind of situation which you don’t necessarily want to be in. You want to get in now, get what you want, get what I would recommend you, but I might run out of those things. So we just need to see how that goes. But again, I think it’s like the cost of actually owning it is a lot higher than what people think and what the paper price suggests. That’s it is a phenomenon. The backwardization we’ve talked on, that touched on before. Thank you for giving some sort of rudimentary process for that, for the people to know that’s what is effectuating the price, amongst other things.

And you mentioned a very good point, delivery. I’m always telling my, my audience, price is one thing, but if you can’t get it, what does it matter? We go back to, you know, a few years ago with COVID with toilet paper and paper towels, people didn’t care what the cost was because they had a supply issue. Oh, exactly. This is much more problematic when we’re dealing with the state of the economy, to your point, which actually Micah brings up a great and appropriate segue with what happened over the weekend with respect to Venezuela. What I don’t know if everybody’s aware of and you can articulate this, there are rumors that about 247 million ounces of silver is missing from Venezuela, reserved after Maduro was apprehended.

There’s also speculation that the US seized it or that it was flown to Russia or China a few days prior to the attack. What is your assessment? And if that is true, what impact does this have on the global silver market? Yeah, let’s assume it’s true. And I, I don’t know if there’s any like, real institutional verification of it. Like you said, obviously a lot of rumors, a lot of speculation, conjecture flying, flying about. Obviously a huge and significant event in and of itself. But the reality is if they had that kind of silver hoard or, or supply, I mean, 247 million ounces is about a third of annual mining supply, right? 800 ounces is typically what’s produced in a year.

It’s not an insignificant amount. If it were, you know, repossessed or expatriate. Expatriated or whatever the proper term would be like if, you know, the Russians got to it or if we got to it, whoever got to it first, I’d view it as extremely bullish. Right. It just would further constrain the whole physical theme of, well, now there’s a whole whack. A third of an annual third of a year of mining supply is now in the possession of somebody else. It’s not going into the market. Above ground silver mostly, you think, is accounted for. So I’m not sure if there was this kind of big secret stash.

Like I said, it absolutely could be the case. If, if it did end up in anybody’s hands. It’s. It’s very, very bullish because it further constrained supply. Less supply and more demand is a recipe for much, much higher prices. So it. But again, like, you know, will we get official confirmation from the Chinese or the Russians or even the U.S. i don’t know, maybe in due course. But I’d like to think that, you know, either way, it kind of. It’s just another little piece of this puzzle, right, of everyone’s clamoring for this stuff. Right. Everyone wants it.

It’s a strategic metal, it’s a strategic commodity. It’s in everything. It’s money. Right. Everyone wants this and are even willing to, you know, stage a coup and, you know, fly it out of there in the middle of the night kind of thing. Right. So very exciting, very cool. Kind of James Bondi right up my alley. Yeah, absolutely. Well, you know, predictive programming in, you know, Hollywood entertainment is not too far off. Right. They kind of give us comms about what they’re going to do before they do it. I know, yeah, exactly. And we have many examples of that, as you know.

Right, so. Oh yeah, 100%. Yeah, absolutely. Here’s another interesting, I think, phenomenon. Let’s see what you say. China stopped apparently exporting silver on January 1st. What is the impact on the global silver market with this policy being instituted? And do you see silver prices going higher because of it? Yeah, I do see higher silver prices. I do see that as playing a role. It’s not a full ban. Just like to kind of clarify, I. I like to, you know, I don’t like to feed into nothing. There’s misinformation on this, but there’s just different takes. Right. So I don’t like to feed into the stuff that muddies the, the details.

So they do export a lot of silver. They just put export controls on it. They’re only allowing. This new licensing regime is only allowing. The latest number that I’ve seen is something like 40 companies and institutions that are involved in the refinement process and the exporting of silver. Only these 40 companies or so are now allowed to under much, much stricter conditions. Those licenses and permitting, that permitting could be pulled, right? It could be pulled on a flick of a switch. So they are tightening controls, they’re tightening the belt or shortening the leash on. Again, this very critical mineral is very, very important resource that everyone is clamoring for.

So because they produce, and we’ll get into this, I’m sure later as well, is because they produce so much of the world’s silver supply, if they’re just tightening controls, we just expect that there’s going to be less coming out and that’s going to further exacerbate the issue of there not being enough physical to go around. So it’s like every star is starting to align, every technical thing that could happen, all of its aligning perfectly for, you know, a silver price that some of us probably can’t even imagine years from now. Because these supply and balance, supply and demand imbalances can take a long time, especially when it comes to like something that’s physically mined under the ground that you can’t just turn those switches on either.

Right. This, it’s going to take years to resolve. But so at the end of the day like yeah, they stopped exporting as much. It’s not a full on ban. We don’t quite yet know what the real impact will be to the supply chain and the flow of silver out of China. But it’s certainly from the most simplistic sense is going to really clamp down on the availability for the rest of the world because so much comes out of China. So yeah, absolutely, thank you for that. And I do have a follow up question on China, but before that, just to react to what you said, you know, because I remember in our last podcast last month with the holiday season, you were.

And that’s fine, you take a more conservative, measured approach, which I’m sure your clients obviously appreciate. But you were sort of not sure how quick the spiral would happen of silver. But I think even you can see that it’s going much quicker than we anticipated. Yeah, I’m a little bit in disbelief myself. Right. Like I’ve been owning it. I’ve been buying this stuff for eight or nine years now, like 2017. So I’m trying to do the math. I think it’s nine years this year that I’ve been stacking, you know, tons in that thing behind me, bunch in my desk that I play with all the time.

Big vaulted account in Dallas, Texas where we keep our clients metals. Was actually able to go and see and touch and hold my metals in Dallas, actually just at the beginning of November, which is really cool. Maybe sometime we talk a little bit more about that. But I am like, geez, the stuff that I said would happen five years ago and no one believed me is actually happening now and at a rate that even I have a hard time believing. But when you have a market that’s so suppressed for so long, you just have again that like supply, demand imbalance is now just, it’s, it’s switching the other way.

So you have a really quick correction and it can take a long time and we can see much higher prices before things do balance out. But I’m shocked. Like we had, like I mentioned 10 day in one single day up and then 10% day down and then 9% up and then 9% down. We were up 35% in December. We’re up 50% in the last like two months. Three, two and a half months. And silver I think was 160, 70% for the year. Right now I give my clients to kind of scenarios. One where we get to a new price discovery situation where silver is fairly valued in a short term and then there’s like, we can get to fair silver prices in a longer term.

So you know, could come at us really fast and we could see something like, you know, 2, 3, $400 in the next couple of years. Or you could see, you know, three, four, five, $600 maybe in like five plus. Right. So is it gonna come running at us or is there going to be kind of a marathon, not a sprint? I don’t know. So far I’m blown away. I think we have a lot more to expect this year and I have a feeling it’s going to be maybe quicker than we hope. That’s what it’s telling me.

I agree with you. And if you don’t mind if I just interject on that because this is the. Well, we’re, we’re coming into a year where we have a victory day on the 4th of July. We have the midterms, we have all this stuff. You know, I’ve been, my audience knows I preach a lot about the global reset and its implications on the foreign currency market, Nasara, obviously the metals play the hugest part of it, particularly silver and gold as you know, and even copper. We’ll talk about that later as a backstop once silver runs out.

Because delivery issue, you know all too well. I will not be surprised if President Trump audits the Fed and Fort Knox and shows people we have more gold than we think because of the comics. Lbma underground mining with China in the mix needs going to try to territorialize that whole thing and protect the US as he should. And he revalues gold and silver, goes along with it as sort of a slingshot because of the years and years of suppression. Right. Every action has an equal and opposite reaction. I wouldn’t be surprised if it’s 3, $500 this year.

I really wouldn’t. Just because of how things are going. Yeah, I agree with you. And I don’t mind naming other people that I really respect in this space. So there’s a guy, Michael, Michael Oliver. Momentum, Momentum structural analysis. He’s, he’s not a silver bug. He just looks at momentum charts. So instead of looking at the price, he basically looks at, you know, underlying momentum. And he has kind of a patented way of looking at things. And I’ve been following him for years. I subscribe to his thing for a long time and he called 2025 very, very well.

He is saying 2, 300 in the next few quarters is like, and this isn’t one of these sensationalistic like the sky is falling. You have to. He’s just a technical guy. He’s just kind of a nerd, right? Just looks at trends all day and charts actual like you know, underlying momentum. And I, I listen to that and I go, well buckle up because if that’s going to happen, it’s going to really get pretty crazy pretty fast. And people I’ve been calling a lot who’ve made a lot of money with me over the years and they go, I really want more.

Is it too late? And I go, well, 80s, obviously expensive, but you know, three, four, five, six, whatever, hundred maybe. If these price levels are possible, then. No, there’s not. It’s not too late. Right. I’m buying still. I don’t hold cash in the bank more than what I need to to clear my bills every month. So I like a long term slow stacker. I do buy in kind of bulk when I can’t. But then I just kind of every month, whatever’s kind of left over, I’m adding to the stack. I don’t want any More in dollars that I need to have to kind of COVID the kids and my family and the stuff that we need.

So I’m buying here, right? I’ve been buying since 11 and 12 bucks. I’m buying at 82, 83, 84. Right. Like it’s, it. It’s maybe hard to do it sometime at points. But no, I agree with the potential that this year has for us and for silver spice. Yeah. And that’s telling because you’re a pretty conservative guy from what I know of you. So if you’re seeing that, that, that’s especially your clients know, that’s a big tell. We’re talking about China. Up till now, China’s been refining 60 to 70% of the world’s silver supply. With them effectively closing their doors on the global silver market.

How will the world negotiate the absence of this critical process? How will this effectuate the rest of the world? And will the refiners in Switzerland be able to take over the short. As far as we know, the US currently does not have any silver refining capabilities or capacity. Yeah, it’s really neg negligible here. Like North America doesn’t have a whole lot of output. Like, we’re talking like peanuts, you know, like you said, 60, 70 on the high end for China. Swiss refineries are a big part of the mix, but they can’t ramp up production fast enough or expanding production fast enough to offset what might, Might not be coming out of China.

On our last show just a few weeks ago, John, we talked about how it’s like kind of like a war that’s going on, right? It’s like, who can acquire more strategic resources, Whether it’s gold, silver, rare earths. Like this stuff kind of all is blending together. It’s like a program of. It’s a. It’s a game of risk. Who can get all the best, most strategic deposits, refining capacity. You know, whether it’s, you know, Russia and uranium deposits and uranium enrichment capacity, or if it’s silver refinement and production, like with China, like we’re seeing them clamp down on these really precious things.

It just adds to the thing we’ve been talking about since the beginning of this show, which is just like physical possession is 9/10 of the law. You want it, you want it in your hands, you want it in your segregated vaulted account, however you want to take it. You just want the physical thing. And so if they start playing games where they, you know, we said it’s. Yeah, the export ban is of first, but they’re really still releasing it some. We just don’t know how much, like how much is going to be dwindling from that 60 to 70%.

If they cut it in half, we’re in trouble really fast. If they just stop it all together and everything’s kept internally, then we’re like, bigger trouble, even faster. So it’s just like, you know, we got to kind of deal. Deal with the market that’s coming at us. It feels like a bit of a freight train to me, John, I gotta say. Like, my biggest fears, not that we won’t have enough demand. Like, I’ve got tons of people who want to buy silver right now, missing calls when we’re on the show. But I actually love it because these, these shows make the phone ring.

So thank you. But it’s not that I don’t have people who don’t want to buy it. It’s that I think in, like I said, maybe it’s six months, maybe it’s three months from now, I might not have any to sell you, So I just don’t want that. That’s my biggest fear as a, As a dealer or a broker. So all this stuff is adding up to really one thing, which is like, don’t wait. The price is still actually pretty low. The supply is still very good. But that’s not going to be the case if all of the major supply sources, like China, 60 to 70% of global silver refinement, if that’s getting cut off or cut in half, going to be problems.

Right? Big ones. So, I mean, I’m bullish. I’m even more bullish because of it. But I’m glad I own what I own. Right, And I’m sure you do too. You are too. Absolutely. Well, it goes back to what we just alluded to a moment ago, Micah. Delivery. You know, you’re. You’re. What you’re really hedging, in my opinion, is. Is money against time, right? I. The way when I. When I have friends that say, oh, should I, you know, John, should I buy silver here? There, I’m like, look, it’s like we both live in California for the moment.

We have to deal with the freeways here. And it’s like when you’re merging on the 405, for example, everybody knows. Or we call it the 4 to 5, depending when you get on with traffic, you know, you want to get. Oh, yeah. We say here, folks in Californ, you want to get on after 10 and before 3. That’s kind of the rule of thumb. Here. But anyway. Exactly. Which you can attest where you live. But the point being is, look at precious metals folks as an analogy. And I want to get your take on this, Micah.

A lot like merging onto a freeway. Wherever you live. Just get on when you get on. If you got on before rush hour, great. If you get on during rush hour, oh, well, you got on after. You’re still in the game, versus sitting on the sidelines trying to rhythmically time the position in your favor at this point, that. That ship has sailed. Because like you said, unless you were buying years ago at 10, $12, just get in now because of the supply issue. Does that. Is that a fair. And it’s. And it’s burning a lot of people because there’s like kind of a, you know, a recency bias too.

So I’ve got clients who’ve been with me for five plus years. They have a lot that they want more. But when we got to 50 in October, they’re like, oh, just like last time. I’m gonna hit 50. We’re gonna come 30s, maybe it’s high 30s, but we’re gonna come back into the 30s. I’m gonna gobble a bunch up, then it’s gonna fly. Well, it didn’t do that at all. It hung around 50. It dropped down for like maybe one or two trading days, and then 60 was in like a week. So like, oh, geez, I’m still waiting for the pullback.

I’m like, you go ahead and do that, but I don’t think it’s coming back. Maybe it does, because I don’t know how the market’s gonna go, but they’re basically like, okay, well, I’m gonna wait. So then, you know, boom. They put in at 65 and they think, oh, I had to buy so much higher. This is terrible. Like, I should have, you know, I should have got it before across 50 because it never pulled back. And they think now that I’m buying at 65, it’s definitely going to drop. Well, it went from 65 to 80 in what, two weeks, right? So people are like, oh my, oh my gosh, what’s happening? And this is again the surprising part of it for me.

No point in timing it. You’re not buying it as a trader. Right. You’re buying it, I hope as a longer term buy and hold 2, 3, 4, kind of 5 years, kind of on the, on the minimum. So, like, you shouldn’t really worry too much about, too much about your entry point. Because the flip side of that is, yeah, you know, price is what you pay today. You might get that pullback in two months, but I might not actually have any product to sell you. So it’s why I tell my clients not to trade their physical.

You could have a trading account where you do a small portion of your portfolio in, you know, mining stocks or ETFs. I don’t believe in that stuff. But if you want to, go for it. But you don’t trade your physical because let’s say we go to 100. And I think 100 silver is probably a thing for. And you know, I can’t say this, look, knock on wood, you know, don’t hold me to the fire on it. But like maybe end of January, end of February, like I think we’re within four to six weeks of a hundred dollar silver.

You might think you’re going to sell at 100 because it’s going to come back to 80, and it may very well do that. But if everyone’s buying the dip, which is what’s been happening on all of these really small intermittent corrections, even like today’s a good example, we were at 80, went to 76, now it’s 79. Right. Like it’s just bubbling up. Every time it get, goes down, boom, it gets bought. So if you’re thinking you can time it and you want a certain price, well, you just, you’re gambling with what’s available. And if you sell your stuff at 100, thinking it’s going to come back to 80, you can get back in.

You might not. So you don’t trade your physical, you just buy it. You buy it now because you know the trend for the next several years is much higher. That’s it. That’s all you’re doing. And it’s not just where you’re making money with this stuff. It’s also big and big time insurance. You’re de risked out of the banks, you’re de risked out of the currency. You’re de risked out of any kind of counterparty risk. Right. No. No people or debt or loans or instruments or shenanigans happening on the other side of your silver bar or gold coin.

Right. So all these reasons, it’s just, you know, sure, you want to do your due diligence and be ready emotionally and financially to make this type of move, but once you’ve decided you kind of need this stuff, just do it. Don’t wait, call me, call my colleagues. Right. Call us up. Yeah, I’m really glad you said that. Thank you, Micah. Because you’re. We’re sort of telepathing or telegraphing our thoughts because. Same thing. Yeah, same thing. Because I was thinking along the same mind frame as you. Because a lot, lot of people, I think they thought, well, silver will never get above 50.

Then it did, as you said. Well, it won’t go above 70. And they keep, you know, it’s like, it’s like they’re painting themselves in a proverbial corner. But it just keeps, the, the, the leak just keeps growing in the house, if you will. Like a water leak or something. Always have contained it to this area, but you didn’t. It’s, it’s going to grow wildly out of control. Exactly. If I’m right about, if I’m right about 100 in January or February, think it was 50 in October. And I think you are right. Well, I kind of don’t want to be, but I think that’s what I’m sensing and I think that’s what I’m seeing in the charts.

Of course, I could be wrong. I’m open to that. But if it gets to 100 in my kind of time frame, then it’s really like, you know, from 50 to 100 in October to February, that’s what, five months? Well, I mean, look at what we just talked about, Mike, a moment ago. Look at the spread disparately between the uk, China, Japan. Why is Japan. Because their yen is tanking. They’re, they’re, they’re holding a lot of our, you know, Fed treasury notes that they’re trying to dump over and replace with gold and silver because they know the writings on the wall.

So they’ve been holding a lot of our toxic debt for decades and they, they see what’s going on. So if it’s, do we really think in America it’s going to be contained there? No, it’s coming here. So to your point. So. But my point being is if people are thinking, well, I, I’ve made fool’s gold, so I’m going to tap out at the top at a hundred dollars. Right. Here’s the other thing, Mike, I want to talk to you about. We have an interesting phenomenon in addition to your earlier point about backwardization. For the longest time, I think people have been.

I would love to get your thoughts on this. Obviously, we have this perception that metals are on defense. They hedge against inflation, which is a hidden tax. They protect your wealth. But now with cryptos like XRP and xlm, stellar lumens, which is pegged to silver, as you know, now you have a phenomenon whereby metals are being pegged to these cryptos. The cryptos are actually making the metals on offense to make you money and profitability, particularly if you’ve been stacking for a while or just planning to continue to add to the extenuation of what you have. What are your thoughts on that? Yeah, I’d start with a more general kind of answer.

So you know the, the kind of metals backed cryptos and stuff. I think that that’s positive because it is kind of a way of opening up new markets and having more inflows. And people who were making a bunch of money this time last year in crypto, they’re not having a very fun or didn’t have a very fun end of the year unfortunately. And of course we have a sister company, My Digital Money founded by Colin Plume that does the crypto side into IRAs and for normal purchases as well. I though personally have just never been a crypto guy.

I’m a bit of an ideologue. Like I don’t touch stocks, I don’t do anything. I’ve been a metals guy for better or for worse for like I said like 10 years or whatever the case may be now. It’s turning out good for me. But I think opening up like new markets and access to new markets through some of these avenues like tying tokens to a certain amount of silver and having some digital component to it, that’s all fine. The first part of your question, which was they are insurance, that is one function, right is you’re out of the dollar, you’re out of the bank, you’re out of the market.

They’re typically counter cyclical to the stock market. So when the stock market is down, the metals are up. And what’s interesting is like stock market’s pretty much at an all time high and the gold price and super price are an all time high. You don’t normally see that John, unless there’s actually huge underlying problems with either the economy and, or the stock market. And because they’re countercyclical like when the economy is great and business is booming, you want to own stocks because they’re doing fine. There’s no reason to own gold or the insurance side of the metals.

Right? For safety. Who wants safety when everything’s going gangbusters. But if you see a gold price and the stock market price at all time highs together like we did the last time, other than right now, the last time we saw that was guess guess when 2008. Right before 08. Exactly. Good answer. A plus. So what that is Indicative of is a rotation of capital. It’s the smart money, it’s the banks, it’s the hedge funds, it’s the billionaires, it’s the big guys. They’re rotating out of an overvalued stock market into gold as insurance. And that actually pushes the gold price alongside because they’re selling to kind of the bag holders, right, the people who fomo into the stock market right at the very end.

And I’m not saying the stock market’s going to crash right away. I actually don’t think it would until probably closer to the midterms. And just as a side note, I’m sorry, I’m not getting to your question super directly, but it could go either way. I think, like either the deep state does everything they can to throw a wrench in Trump’s spokes to try to cause a massive stock market crash going into midterms to give him problems, or which I think is probably already kind of happening, is like Trump’s going to appoint a very accommodative Fed chair.

They’re already been cutting rates, they’re already kind of doing qe. They’re going to just ramp all that stuff up to kind of propel the stock market to new highs going into the midterms, which will basically be like, hey, why wouldn’t we get another license to do more of what we’re doing? Look at how great everything is. And so I think it could go either way. I’d obviously prefer the latter. I think the metals are going to do fine either way, right? Stock market crash or no stock market crash, the metals are on a trajectory, especially silver, that’s based on fundamentals.

So we’ll see how that plays out. But there is a time and a place to own the metals and they are the, the least amount of risk you can possibly take. They can never go to zero. They have no counterparty risk. They are physical. You could put your hands on it, you can put it in your gun safer in your vaulted account or your, you know, the safest asset ever. And obviously going back and having that kind of reputation for 5,000 years, right? The oldest, most time tested makes it through and out of every single reset and, and depression cycle, everything.

But at the same time, when, when all the era when all the roads lead to gold. So dollars are going down. Not just dollars, but every currency is going down the drain. Every central bank is printing money like crazy. Every government’s way too bloated with all the debt and we see some kind of debt jubilee or Debt cycle, financial, global financial crisis, global financial reset. Like. Like the only thing you want to own is gold. And everyone’s making that play. Except still it’s just the big guys. It’s not really you. Well, it’s you and me, but it’s not people like us yet.

So that’s what also tells me we have so much more room to run still. All of the gold, all the silver, all the stock mining stocks, everything gold related. Half of 1% in portfolios. John, I’ve said that to you before, but I need to keep underscoring that we’ll get to something like 3 to 5% in my opinion, which is still 6 to 10 times more money needing to come into this space before we’re kind of in that fair valuation. But we could get to 10, which is where we were at 1980, which would be 20 times the amount of money coming into this space and we could get to 20% which is what the big hedge funds are or big banks and Wall Street’s now suggesting as the new portfolio make up 60s stock.

20 bonds and 20 gold. So the time and the place to own gold right now with all these little things going on, they’re the best insurance, but they’re also the best performing asset class of, of anything, of everything. It’s like why would you not choose the safest and the one that’s going to make you the most money? Right. It’s a, it’s a win, win, win. But for some reason we’re still only like, I’d say 60% of our business is repeat. Right. It’s clients who already own it who are buying more. That’s 60% of what’s going on right now with how busy we are.

Right. We’re seeing new clients, of course, but they’re still kind of slowly trickling in. I’m going to be looking at the time when we’re at like 90% of our business is all new people. That might be an indication that we’re somewhere near a top. It’s the other way around, right? Like yeah, vast minority are new clients. The vast majority are repeat clients. It’s a good synopsis. Thank you. Thank you for that, Micah. You know, because my concern obviously as I look at things on my channel is that for audience is. I think sometimes there’s a space for two things to synonymously happen at the same time.

It doesn’t have to be in either war. In other words, I see there being a major market correction coming because he’s going to blow up that bubble the old Fed system. And he’s using this guy Warsh as a temporary thing. Like you said, he’s pro crypto, pro low interest rates. Print, print, print. Bring it down to zero and you’re blowing up that bubble between. It’s almost at 50,000 now, the stock market. And I think when it gets between 50 and 60, you also want to look at the S P as an indicator right on with our team when it hits between seven and eight, that you’re, that’s a good indicator of the crash.

As you said earlier, medals are going to do great either way, they’ll do even better with that. But then what he can do at the same time is do this, as Dave talks about x22, this transitional parallel economy whereby he just, you know, it’s. I call it the stadium analogy, you know, football game, whatever, you know, and the end of the season they turn on the lights of the new stadium and they demo the old stadium during the off season. And that’s what I think Trump is kind of doing, is he’s just doing this as much as you can, this gradual transition into, you know, a US note backed by gold with a gold revaluation and a silver revaluation which will probably follow, will find its way to the global reset with all these different currencies and it will be this multi pronged approach.

So my concern is that a lot of people are holding paper, 401ks iris pensions backed by essentially nothing except the illusion of something. They’re holding paper on the other end, the company’s actually holding the asset. I think we’ve had so much conditioning over the years that the dollar is king, the dollar is king, that people have a cognitive dissonance with. I can’t disconnect from the dollar because that’s been the standard until it isn’t. And it’s not about, this isn’t about fear, this is about proactivity in education. I want people to know that. But you, who’s a subject matter expert, does this every day, all day for over a decade, bring invaluable, you know, insight to the end.

You’re more of a conservative hedge better. So I think when you’re even starting to, you know, verbalize that distinct possibility, I think that speaks volumes. Yeah, me too. And it’s kind of like, oh geez, when I start to get really excited, is that maybe like a, maybe a short term pullback indicator? I’m kind of joking here, but like I usually don’t get too excited. Right. I’ve been telling people for years two and $300 silver will happen. And actually my road map for that, I still don’t change it too much. It’s just that like I said, there could be a faster version or a slower version.

I would prefer the slower version. You’ll have more people to get on. The train doesn’t leave without a bunch of people being on board, right? If it happens really fast, you have a lot of people are just in stasis, like should I buy, should I not buy? Like they might not get in until the, you know, you, a lot of those people might not get in until 150 or $200 silver. But I’ve been saying for years my clients can attest to this, like 2 to $300 silver will be, be kind of a cakewalk. It just, I think it’s somewhere between 2028 and 2030.

And what I base that on is like I think we talked about this on our last interview is we’ll get to $10,000 or so in gold, right? I think that’s a very low target. You hear some people saying much bigger numbers. That only requires gold to double over the next three to five years. It’s more than doubled in the last like 20 months, right. So from March of March of 24 to now, it’s gone from 2,000 to 4,500. So if it just does what it did in the last 18 months over the next 5 years you get to about 10k in gold.

Now the gold to silver ratio, as you know at one point last year was at 100, right? Sell your gold and buy as much silver as you possibly can at 101. But now it’s, it’s quickly depreciated which is obviously a manifestation of the silver price shooting up so much. It’s sitting around 58 if I’m not mistaken. We’ll get to something like a 30 to 1. That’s kind of my conservative target there. At 10k gold, that’s $333 silver, it could be 20 to 1. And if we have twenty thousand dollar gold, that’s five hundred silver. So we just need to figure out where we’re going to go.

It’s hard to say now but again these reasons for me getting excited is because there’s just so much happening at one time. What’s that saying, John? It’s like, you know, there are decades where nothing happens and then weeks where decades happen. Right. And I feel like that’s really what’s been going on the last six, eight weeks is like what, what is happening. But it is, it’s real. It’s very, very real. So we need real assets to protect ourselves like feast or famine basically to your point, you know, that’s kind of where we’re, I think we’re headed.

And as you, as you pointed out earlier in the show, we’re going to see things, we’re already seeing things we haven’t seen. And if this is any indication how the year is going to go, who knows where it’s going to be, you know, this, you know, by the time the year is over. So yeah, you know, not to put any crazy predictions out there, but the, the infamous triple digit silver. Right. Like everyone’s been waiting for that, saying it would never happen. I always said it would. It just, you know, what kind of time frame triple digit silver is a thing for this year in my opinion.

And like we just talked about $100 could be a month or two away. We could see, you know, just a repeat of last year went from 28 at the low or 26 at the low to 76 to finish the year. So like almost a triple basically in the, in the silver price. I think even if we expected a double from 75 to 150, that would be, that would be nice. I think that’s more than within the cards, especially with all the things that are relining on fundamentals here. So we’ll just take it day to time and always happy to come back on and provide these kinds of updates and stuff.

And I do encourage people to call me too. Right. A lot of this talk sounds complicated, but at their core, gold and silver are like the simplest, oldest, easiest asset class to be in. You just buy it knowing that you need it and then you hold it and that’s it. Yeah. And you got someone like me you can, you can talk to weekly, monthly, quarterly, over the course of the ownership and the life of your account. Right. So it’s easy to have somebody who’s there that you can rely on like me or my colleagues. So anything else? One other quick question for you to, to wrap this up.

Yeah, It’s God’s money. It’s as old as time as you, as you’ve been been talking about throughout the, throughout the show. This actually came from a subscriber. I thought it was an interesting question. So. Excuse me. As silver outperforms gold, what advantage is there to swapping silver for gold if the ratio is low? Yes. Okay. I like this question again, it’s part of what I talked about a few minutes ago. With the gold to silver ratio getting down into, let’s just say my minimum target again, 30 to 1. For my clients who in May were buying silver and selling their gold at 100 to 1, they ended up with, or let’s just round for the sake of math, 90 to 1, let’s say that that’s where they were paying this spring, early summer.

So 90 ounces of silver for the price of 1 ounce of gold, I think we’re going to a 30 to 1. That’s minimum could be 20 to 1, could be lower than that. There are single digit calls out there. There’s calls for the average to return to the average of 15. I think we just need to play it by ear and monitor it. And again, that’s part of having somebody here is to actually like reach out to you proactively to say, hey, there’s going to be an opportunity at 100 to 1. There’s going to be another opportunity at 30 to 1.

And the, the reason you buy silver at 90 to 1 is you’ll get 3 ounces of gold for the same amount of money. You’ll triple up the amount of gold that you could have originally had for the same amount of money that you outlaid. So if you bought gold at 90 to 1 instead of silver, you’d only ever have that one ounce, right? That’s going in the vault or that’s going in your IRA account. That’s all you’ll have. But if you bought those 90 ounces and we do trend down over the next couple years to a 30 to 1, you sell your silver or do what we call an exchange, same same day process.

Boom, boom, sell it, buy it. The Exchange gets you three times more gold from 90 to 1 to 30 to 1 than you would have originally purchased. So you’re like either making three times more money or owning three times more gold. That’s why I’m a 9010 silver to gold portfolio guy. I’ve been like that forever. I either want to make more money or own more gold. The path to that is through silver. But silver has its drawbacks. So to your subscribers question, it is more volatile. It’s like a roller coaster, right? It’s spiking up and down 10 and 9% a day.

All last week, right? Gold wasn’t really moving all that much. It was up and down 2 and 3%. So think of silver as leveraged gold. It’s like, you know, you get a multiple more, two to three times more return in silver than you do in gold. That’s kind of a common way of looking at it. By the time the precious metals bull market is done, that’s what she normally kind of does. But when we get down into these lower ranges of the gold to silver ratio in a normal precious metals bull market cycle, it’s actually an indication that we’re getting close to the end.

And what you probably want to do at that point is if you’ve either made three times as much money or you want three times as much gold, you switch it over so that you’re reducing your risk or your volatility. Right. Because silver always spikes, gold doesn’t. It’s way more stable, especially over longer periods of time. So you make all this much more money in silver and then you turn it around and flip it into three times as much gold on that 90 to 1 to 31 example. And then you leave it in gold for as long as you need to.

Right. And you have less risk, less volatility, and you’re locking up your profits in the more stable of the two metals. Now, not to make it complicated, but I’d share with you. There’s like something I’m struggling with is will we have a normal precious metals bull market where they hit these peaks in the next few years and then they, they correct by 50% and go sideways for 10. Right. That’s kind of what happened in 2011, right? 2008, 700 gold, 2011, $2,000 gold tripled in three years, but then it crashed by 50%. So if you held from 2011 to 2024, 13 years, you know, it finally broke out above the price you bought it at.

That’s one scenario, is that the metals will peak. You’ll want to make that swap, you want to hold some gold forever. But the other scenario is like gold and silver get remonetized at these much higher prices and just go flat forever at those levels. Right. If gold gets to 10k and silver gets to 300 and those are my low end targets, instead of correcting at that point after hitting those peaks, they could just flatline at those prices forever if they’re being remonetized. And I’m more inclined to say that that’s probably the more likely of the two scenarios.

I don’t think we’re in a normal cycle. I think we’re in a global cycle, a financial reset that’s going to prioritize gold and silver. And so I’m definitely, and this has been my plan all along, regardless of which of those scenarios you get, I’m young enough that I’m going to with my 9010 silver to gold portfolio, switch over at least 50 to 75% of my silver into gold and I’m probably hold back some silver forever. Just in the event that we do get to these crazy like, you know, silver gets to par with gold type of scenarios.

Right. I’m sure you’ve heard those. I don’t think that it’s extremely likely, but if it happens, I’ll always hold some back for the event that it does. Right. Be nice, nice little surprise. But yeah, that’s why you would do it. I think that’s at least my personal strategy which I encourage a lot of people to consider doing too. It’s just where you’re going to make more money, own more gold and then lock up those profits and have a more stable portfolio going forward. Especially if we don’t have a normal cycle and we just have this plateau at a much higher price once gold and silver are remonetized, which I obviously believe is where we’re going.

I completely agree and it’s a great articulation of a fairly intricate question. It seems simple on its face, but there’s a lot of nuance which I appreciated you broke down and I’m inclined to agree for whatever’s worked to you that I think with the global reset coming in, going back to an asset backed standard as you mentioned, that’s, you know, I think President Trump has every intention this year of revaluing because gold is not $42 an ounce. We know this. I mean everything flies in the face of that. So it’s just bringing everything up to modern par and silver I think stand to gain tremendously and everyone who’s either going to invest or is investing it, as you said, on an ongoing basis.

So I appreciate that. So as we conclude this podc so you actually worked with. I’m gonna ask you the normal stuff like we. You’re our chief sponsor. So folks, if you go to the link in our description or below the video noblegoldinvestments.com JD Metals is my code. You’ll get the best pricing and service for someone like Micah. You actually handled someone who came from this podcast who called in recently. So you personally worked with them. Great. And I was, I was so delighted too because they asked. It’s funny because I don’t normally pick up the phone.

We have a whole reception team. Right. My reception team patches my clients through or anyone who calls and asks for me through which is, which is great. It’s A great system. But during the break, we’re on a skeleton crew, right? Half the team is off, half the team is on. Everyone’s taking calls. I took a call. It’s like, hey, this is Micah from Noble Gold. How can I help you? Like, hey, you’re the guy we just saw in John Dowling. And I was like, oh, that’s amazing. And I was like, well, you got me. You got me.

Like, first ring, boom. Here we go. How can I help you? So it was amazing for me. Happy to help anybody just have a conversation. Obviously, no pressure. A lot of companies want to call you once they’ve got you in the database. They’ll blast you like 10 times a day. I don’t chase people, especially not in this market. You don’t really have to. I kind of suggest people that are inclined to make some kind of decision, again, not to create a false sense of urgency, but do it sooner rather than later. Price is one thing, supply is another.

Give us a call. Ask for me. Ask for any of my great colleagues. So, yeah, we’ve got a promo this month. I actually have to probably refresh myself. Last month it was 10 free ounces of silver for qualified accounts. This month, I think it’s the same thing or the same amount of ounces, but a different coin. I have to check. I have to regretfully admit that I just been too busy. Zippy got back two days ago. I’m just kind of digging out from under stuff. I haven’t even refreshed myself with the promo, but I think that’s what it is.

Call us and I’ll be able to confirm that for you, no problem. And that’s for qualified accounts, correct? Yeah, exactly. Which means you have the right type of account that we can roll over and we’ll walk you through the other finer details. There are some, but you know, it’s very straightforward. Yeah, so. So, folks, if you. If you’re just doing retail metals or you have a 401k or iRollover, I’ve already heard stories working with Noble that they’ve worked miracles for people who thought, oh, I’ll never be able to get that out or it’s going to take forever.

And they found out to the contrary. And what I also love about Noble is the education and the guidance that they give you and a very unbia familial level, which. Which is hard to find in my personal opinion out there. So whether it’s Mike or anybody else, please do reach out and let them know that you did hear about them. Through our podcast. We do have a form as well you can fill out and just put our name so that they they know proper communication. So, Micah Haynes from Noble Gold, thank you for being here today, good sir.

Thank you for answering the questions with such specificity. We appreciate your time and professionalism them and we look forward to seeing you in the near future. John, appreciate you so much. Have a great, healthy, happy, prosperous 2026 and same to all your audience. So thanks for having me on and we’ll see you next time. Sounds good. Take care brother. Cheers. Bye. Man.
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