SILVER READY TO EXPLODE? Midterm Election Fallout Silver Prices Best Time to Buy

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 know, Micah is a senior sales manager, has been with noble for over 10 years, is a buyer himself, has his own stable list of clientele, has even helped some of you, my audience, and prayerfully more to come as we get into faith investing and not fear panic buying, which is what we have tried to guard against for a while. And I’m honored to have him back on as always.

Micah, how you doing this morning? Super. Well John, thanks for having me back. Always a privilege and a pleasure. So let’s get started right out of the gate. Micah, it seems our economy is slowing at breakneck speed. We’ve lost over 1.1 million full time jobs since April, 2.5 million full time jobs since January of last year, including all the revisions downward in recent months. It’s been reported on some media channels that our economy is hotter than ever. What is your perspective on how the US Economy is truly performing? Yeah, thanks for that, John. I think that someone else has coined the term.

We have a K shaped economy. So you’ve got the, you know, the upward leg and the downward leg. We know that asset inflation has helped those who own them. Obviously all the money printing and things that have blown up this, everything bubbled to record levels, basically record levels in stocks and housing, etc. That’s helped those who own assets because they’re reflecting the deterioration of the money unit. Whereas people who are, you know, not invested in the stock market, most Americans live paycheck to paycheck. We know that the real economy has been suffering for a while and like you said, all the revisions, every time they announce job growth in a particular month, a quarter later it’s actually revised to negative job numbers and losses.

And so the cumulative losses, like you point out, are in the millions now going back just six to nine months. And yeah, I think the Real economy is suffering a lot. AI in part is the one of the reasons why. Lots of layoffs, we know at lower level entry positions. Just the automation of a lot of things. And I think we’ll probably see that trend continue now on a day like today where the S and P is down almost 4%. I do think that we’re now at the point where we do see this bubble pop, this bubble burst.

We were warned what would happen if the Democrats won. And they didn’t just win, they won in a landslide. And now as we mentioned on our last show, I think Trump was warning that we’d have a 1929 styled stock market crash if they wanted. We could be seeing that right now. I think all the ingredients are already there. We know that essentially, you know, the cake is already baked. We will have a recession, we will have a big stock market crash. And that could be well underway at this point, which I regret to say, but I think is likely.

Well, I’ll have to see what he does. Yeah. Micah, thank you for that. December, as he still holds the final veto stage, which I believe is December 17th, when he’s planning on getting all the true data and information coming out. Because we know that this election was egregious and rife with replete with fraud, which is should be to surprise no one. But we’ll see how that shakes out in regards to, to, you know, what you were sharing. Interesting to note that as I looked at silver and gold today, it’s actually up slightly in all this, so not much, but it’s interesting.

We, we had a big pop in the medals yesterday, the fourth, the day after the election, kind of in response to, oh my gosh, what’s going to happen now that we could have congestion legislatively. Like it’s, you know, Trump does hold the final veto, but he’s going to have a pretty hard time getting all the things that he wants done if he doesn’t hold, you know, Congress or the Senate. So I think we’re going to have a very, very difficult two years politically. And of course we have geopolitical 10 maybe escalations in the Middle east or in the war in the Middle East.

And then look at all this AI stuff and cyber attacks and financial crises that are happening. Just the other day, the largest bank in Paraguay has gone up in smoke. We have 3 million customers of that bank, no access to their pensions, their money, their bank accounts, anything. Their apps, their cards do not work. And we’ve warned about the risk of AI and a cyber attack on the financial system. And so obviously this all happening kind of post election, you know, it doesn’t surprise me at all. It’s kind of the unfortunately the timing and the structure and the orchestration of things.

We’re going to see a lot of turbulence in markets and a lot of challenges here at home over the next couple months, couple of years potentially. So I think it’s obviously a high time for gold and silver to reflect that. We do see them popping in the last couple of days. You know, we did make lower lows just last week though, so lower lows from this summer, which unfortunately, you know, for some it just meant that we’re waiting a little longer to get back above a breakout level for gold and for silver. But we’re pretty close I think to being able to see that.

And especially if this stock market crash is well underway now, if we are seeing the beginnings of it, we’ll have a huge capital rotation into safety regardless of price for gold and silver. Because again with AI hacking and stock markets crashing, you know, the financial system is vulnerable and the only thing that’s not vulnerable to hacking or to any of these things obviously is the physical metals and the monetary metals. So we believe that that’s where everyone needs to be looking and having the core position in the metals. And you know, anyone who’s done so before now can, can actually be very happy with their purchase obviously at these lower levels.

But we do expect the metals to perform pretty well here in this type of environment. Well, I mean you’ve been warning of. Thank you Mike. You’ve been warning of this cautionary tale on our podcast for months on end. So it, it’s nice to know with all the potentiality of the fear porning for the media and the global uncertainty, economic uncertainty, that there is a safe haven to all this, a structural foundation and God’s money of precious metals. And it’s funny that you should mention Paraguay because we actually have a video showing this, this very thing right now.

And I’m going to show that to you, the audience here for a moment. This is from Adam Media on X Breaking what happened in Paraguay is a warning for everyone. More than 3 million people lost. 60% of Paraguay’s adult population. Bank accounts, pensions, what you just said, frozen digital bank, Uno bank has completely collapsed. So they’re essentially tell their clients, their, their citizens that they’re going to lose, I believe 100%. Eight, eight high level executives including the founder of the bank are being detained. So here’s a quick video snapshot of that. So the whole point of this, Micah, is not to fear people.

It’s just to let people know what is really going on in the stratosphere of the world and what they can do to mitigate that in their own personal lives, especially here where we’re blessed in the States specifically. So let’s say hypothetically, the stock market doesn’t roll over soon, yet has another big run over the next three to six months before collapsing to your earlier point, Maika, does gold and silver then join the market rally and take a slight hit when the market drops, or do you think the physical metals will languish, continue to grind down, or go sideways for the near future? Yeah, so historically in a stock market collapse, you get a liquidation across the board.

Everything gets sold off because people are being margin called and people rush to cash just to protect themselves. So that’s selling generally, like in 2008 actually does flush the metals a little bit. But considering the magnitude and the length of time that we’ve been congesting here and the lows that have been hit in gold and silver, it’s not to say that we can’t go lower. If the stock market were to crash here or in six months at higher metals prices, they could obviously be impacted at first. But like in 2008, like in 2020, when we have these flash crashes or these longer and actual more drawn out stock market corrections, that capital rotation and that flow of money to a safe haven, and the ultimate safe haven being an asset that has no risk in the financial system, no risk in the particular currency that you’re in, no risk to markets or bonds or national debt or anything like that, and no risk to the custodian that holds it.

Obviously the third counterparty risk, there’s none of that in physical metal. And so regardless of the price, people will chase safet. But I would say that if the stock market’s crashing here, obviously there could be a little bit of downside in the metals. That would be a great accumulation opportunity. But like Michael Oliver has ascertained that if we do have a stock market crash here, the damage is already done to the charts in the metals. The lows are basically already in and may actually even be behind us now. And I would see them as, you know, having many, many, many years of upside in an event where we are seeing a protracted stock market crash.

But to that video, just a couple comments there. Obviously we hope, like we never see anything like that in the west, where you’ve got calamity riots in the streets, you know, cars Being burned and massive arrests and clashing with the police and the citizenry. But can you imagine what would happen if you can’t access your money all of a sudden? Your, your cards don’t tap, your phone doesn’t tap, you can’t go to the bank, you can’t withdraw funds, you don’t have your balance showing in your savings account, your checkings account, your 401k, your IRA, everything is just goose eggs across the board.

What do you do? How do you feed your, you know, how do you, how do you protect your family from that? And of course, we believe holding a little bit of cash at home in circumstances like that would serve you well for the first chapters of a crisis like that. But obviously physical gold and silver are going to be the ultimate form and the most universal form of money in, in an event where you just can’t access your money or the money is gone, or the financial system’s collapsing. So we obviously believe that, you know, we hope we never see anything like that in the West.

We haven’t had anything like that in the West. But Europe now has had different cyber attacks on different banks. This situation, Paraguay, is horrendous. We had something like that in venezuela actually, in 2020, not all that long ago. And so whatever happens to the stock market, you still need this insurance on your financial situation and your financial well being. Yeah, absolutely. 100%. And a side question, Micah, before we go forward on this second question here is what percentage do you often recommend to your clients? Because obviously I’m not in the meetings with you when they’re buying gold and silver, junk silver as a means to another form of cash that can use for bartering purposes.

What percentage of their portfolio do you recommend of that? Yeah, I honestly wouldn’t even put it in percentage terms. Junk silver is one of those things where having some makes a lot of sense. It takes a lot of boxes. As smaller, more barterable units of silver and being constitutional money, junk silver is everything. Pre 64, that was 90% pure silver, but I actually would rather just have straight bullion. So I have 10th of an ounce rounds here. I can show you. So today this is, you know, five bucks, $5 and 20 cents, it’s the tenth of an ounce.

At $52, it’s, you know, $5.20. I know what this is worth in an exchange or barter situation because it’s pure. So if it’s a half an ounce or a quarter of an ounce or a full ounce or a tenth of an ounce, I Know what the market price is. I know what this is worth in an exchange. The problem with junk silver that I have and a lot of dealers love to push it because markups on it are extremely high. It’s actually a bit of a money maker. We don’t tend to push it. Look, we do has a role in your personal holdings at home.

Like it does make sense to have some for barter. But you’ve got dimes, you’ve got quarters, you’ve got half dollars, you’ve got all these different weights and all these different denominations. You’ve got to figure out how many grams is that and then times that by 90% based on the actual benchmark spot price for silver. So figuring out what a dime or a nickel or a quarter or a half dollar or any of these things are worth on the fly is actually very challenging. I don’t want to have to do the math on a napkin. If I can’t figure out I don’t have a scale, why would I do that? And people are not going to treat it as you’re not going to get much if they treat it at its face value of $0.05.

So preferably in a barterable transactional type of situation where you’re using physical bullion, you want to have fractional gold, fractional silver that’s actually pure. Because the calculations in terms of what it’s worth on the fly is actually a lot easier to do. And that’s why I just stick to bullion. I recommend bullion and obviously for every individual the cases are different. So what percentage you put into physical bullion is up to you. We work with everyone on a case by case situation so that we can understand, you know, all the moving parts and all the things so that we can make some type of recommendation.

But it’s always up to the client. But I would have some junk. It’s definitely got its role in the overall playbook. But pure bullion of various denominations is where you’re actually going to have better and easier transaction type metals. Makes sense. Thank you for that Mike. I appreciate it. Michael. We often talk about high energy prices as an immediate headwind for precious metals because oil spikes trigger aggressive higher for longer responses from central banks which in turn drives up bond yields and then consequently boosts the opportunity and cost of holding of non yielding assets like gold and silver.

However, there’s a critical tipping point whereby the cost push inflation destroys economic growth. If prolonged high oil prices push the global economy into a recessionary environment, then subsequently central banks may be forced to pivot and cut interest rates even while inflation remains elevated. When nominal interest rates fall faster than inflation drops, real yields plunge into negative territory. So in your view, Micah, how close are we to seeing growth fears completely overshadow inflationary fears in central bank policy? And what specific macroeconomic indicators will signal that the oil headwind has officially flipped into a massive safe haven, tailing four bullion? Super awesome question, but it’s pretty complicated.

I’ll simplify it with this answer. With inflation being higher, obviously due to oil prices being higher, the Fed has been extremely hawkish since war has come in, which obviously was a little weird considering Trump wanted lower rates from Powell, actually charged him criminally for not lowering rates, and now we have a Fed chair who has actually hiked rates twice and continues to speak hawkish at every meeting. Now they are wanting to get inflation under control. I believe that that is actually their agenda right now. But you know, what you want to do and what your intentions are will eventually be overridden by the need to act in some kind of crisis.

So if the stock market’s collapsing here and the economy is slowing down, and we do have an economic recession or depression, and you know, like Trump said himself, a 1929 style depression and stock market crash combination, they’re not. Even if inflation’s not under control, even if oil prices are not under control, unfortunately, they’re going to have to to bail the boat out and respond with rate cuts and with money printing quantitative easing or whatever name they put on that. So my take is that they will remain hawkish until they can’t. And the reason that’ll make them have to make that 180 is going to be some type of crisis that they need to respond to.

The Fed only has two tools, print money and lower rates. That’s the only way that they can stimulate the system and try to keep the banking and the financial system and the stock market afloat. And now we know because of that K shaped economy, the only thing that’s really actually kind of maintaining consumer spending is that upper echelon of people with assets who feel pretty rich because of what’s gone on in the stock market the last few years, it’s increased quite a bit. But if we do now have the paycheck to paycheck, people have been feeling the real economy slow down and grind down.

But if we also have asset holders who are mostly in stocks, they’re also feeling the pain. You’re going to have consumer sentiment, well, it’s already in the ditch, but you’re going to have it basically in the basement and that’ll end up having huge economic effects. So regardless of the oil price, I think that it’s going to be the actual crisis economically that we get as some kind of catalyst for the Fed to reverse their policy and tightening and they’ll end up loosening and we’ll have extremely easy money again, like during COVID when they printed $9 trillion out of thin air.

I think we’re going to see more than that in the next big print. And again, I’ve said on the show many, many times what puts the final nail in the dollar and ruins and destroys the currency and the confidence that we have in it. And we could see stuff like what’s going on in Paraguay. And that kind of situation is going to be the fact that they’ll print so much money to bail and to try to douse the fires of the next financial crisis that they’ll ruin the dollar in the process. And on the other side of that, there’ll be an extreme transfer of wealth occurring to those who own the monetary metals because we always end up repricing gold and silver much higher in the next currency once it finally gets reset.

So challenging question, maybe a challenging answer, but I hope people can wrap their head around that and of course I’m happy to, to chat with people and work with them one on one to walk them through that a little more slowly. Yeah, well, it is, it’s a very broad question to try to look at again, the sort of the macroeconomic side of the global situation that we’ve alluded to many, and not just on this podcast, but as you mentioned many times. But it’s baked into the cake and we’re just trying to show the audience through your help that you know, the warning signs are there.

What are you going to do about is a question. Are you going to be fear based or faith based, proactive or reactive? I think that’s the main thing that we want to get across to our audience, respectively, which I think most of them already know. Next question is official government metrics often push a narrative the average citizen is economically better off today than at turn of the century. Yet if you measure purchasing power in true bullion terms rather than fiat currency, the global public has become significantly poorer over the last two and a half decades. A structural wealth erosion that ongoing central bank action suggests will continue for decades to come.

Simultaneously, we’re seeing an increasing and fragile centralized modern infrastructure whereby everything coming from banking access to basic digital stability faces constant technical vulnerability, punctuated by just this week’s widespread Internet code warnings and software vulnerabilities, as we alluded to before. For investors who view physical bullion and cash notes held outside the digital grid as the ultimate peace of mind, how do you see this dual threat of permanent fiat debasement and digital systematic fragility shaping the next wave of private wealth preservation? And are central banks quietly front running this exact systemic shift within their own aggressive physical accumulation? Yeah, so I would just sort of repeat a few elements of my previous answers.

Basically, we know that the real economy is weakening. We know that people are told that they’re doing a lot better, but they don’t feel like it. The only people who are doing better are people who own assets that have been inflated through money printing. Printing to the point of, regardless of what happens to the banking system, whether we experience something like what’s going on in Paraguay or not, the dollar is being debased constantly. And actually it’s not even being debased really that much right now because the Fed is not printing, they are not lowering rates, they’re doing the opposite.

So they’re trying to have a tight monetary policy in order to tame inflation. Now again, AI fragility of the stock market that record levels of valuations in the stock market that don’t make really any sense because AI actually doesn’t really earn anything. They’re just, they’re pumped up with all this debt and all the circular financing which we’ve discussed essentially, you know, like you said, the bake, the cake is already baked, the bubbles, the balloons already blown up basically to capacity. You might be able to get a little bit more air in it over the next couple of months.

But I do now think that Trump is correct in that if, if Democrats had a landslide victory that you would end up seeing some kind of economic reaction and economic recession and stock market crash. So again, all those ingredients are there, the thing that people need to look at and say, well, what am I exposed to with respect to risk? Okay, well if you own a typical 401 or IRA portfolio that’s managed by one of the big mainstream financial custodians, you’re going to be in stocks 60 to 70%, you’re going to be in bonds 30 to 40%.

You are going to have a 50 plus percent correction in stocks. In my opinion, over the next two years, you will have a, a massive, well, it’s already terrible. We already have 40, what, $41 trillion in national debt. We’re going to have a massive piling out of national debt. Once they turn the money printers and the spigots on to again douse the fires of the financial crisis that is headed this way. It might be starting in the east, it might be starting in Europe, it might be in Latin America first, but it’s coming this way. We are not immune to the things that they’re experiencing.

We need to look at this as well. What would I do if we had a correction of that magnitude right where my 401k could be down 50 plus percent? If you’re 50, 60, 70 already retired, about to retire in your final, you know, final years of working, final decade of working, do you really want to lose that, that much of your nest egg? Now, gold and silver are going to be where you never lose. Doesn’t mean that the price can’t fluctuate. Obviously we’ve had a very long and drawn out consolidation here with all these various things with a hawkish Fed and higher oil prices and higher inflation, real rates moving up, up.

You know, these things are just short term bearish for gold and silver. I cannot think of a better dynamic. Unfortunately, as much as the macro elements that are going on are actually very negative for people for their quality of life, for, for the economy in general. These are, this is an alignment of the stars that is almost perfect for precious metals holders. Now that doesn’t mean we see silver back at 100 by Christmas, but I do certainly think that the highs we saw earlier in January of 120 is going to be actually just, you know, a pen.

Peanuts compared to where the price of silver could actually go. Gold at 5,500 in January, it’s peanuts compared to where it’s going to go. And I don’t even care what the price is in dollars because we know that the dollar is constantly being debased. So I calculate my wealth in ounces and in acres. I know, and to your point in the earlier part of that question, when you actually measure housing prices in ounces of gold, when you measure the stock market valuations in ounces of gold, they’re actually not doing very well at all. It’s actually the performance of gold and silver, Silver that’s a reflection of the deterioration of the money unit and of our, the value of our dollar, that’s the way that people should be really looking at their wealth.

And so if you have zero exposure to gold and silver, that means you have 100% exposure to all the risks that we’ve discussed at length here. And so I just, you know, it’s high time for People to have a good solid look at their portfolio where they can make some adjustments and some diversifications to be able to eliminate some of these risks that we’re seeing right now. Yeah, absolutely. Micah, thank you for the great detail. And as you alluded to a moment ago on one of the previous questions, we have you and we have anticipated many, many years of success as the essentially the worst of the storm of the carnage on metals is behind us.

And it just the metrics haven’t caught up to that yet for the public to see, but we’re seeing it punctuated by all these other items. And as you know, we have Michael Oliver now as a regular contributor which we’re honored to have, thanks to your motivation. And he’s right in line with year. Yeah, me too. He’s right in line with your thinking. I remember you saying earlier this year that you saw a range, if I’m not mistaken and correct me if I’m wrong, between 120 to 280 on the next leg up. And Michael’s prediction is first quarter next year we’re going to see 180 and then move to 300 by summer.

And I don’t think he’s far off. If you look at your numbers 120 to 280 and his 180, that’s right in the middle, that’s pretty splits the difference pretty easy evenly for sure. And I would say and I don’t know if I can pull this up or share this but I’ve just sent some analysis to clients that I think is helpful. Can I share screen? Yes, I’m going to allow you to do that right now. I just want to show one quick kind of where we’re at because you know, and it’s great that you’ve added Michael Oliver as a regular contributor because how do I do this? John? Oh, here we go.

Okay, I got it here. Share. Okay, so you can see this and can you see my mouse moving around? I can see it. Okay, perfect. So this is more or less where we’re at, right? Just a little bit above 50. 50 should hold. But we were obviously at the 48, 49 level just earlier in the week. If 48 were to fail, I would see $40 as an actual target that could come into play and that would be a buy it with both hands. This would be a very short lived low. But this is kind of the absolute worst case.

If we do not maintain the $48 level. We could see this chart resolved. To the downside having to test this other Major critical support, which would be kind of around the $40 level. However, we’re at 40, 52 now, just, just around here. And all we need to do is break this descending trend line. Obviously this is the price decline that we’ve experienced over the last nine months. What we need is to break this green line to have what’s called the technical breakout above the descending trend line. And being able to do that, you know, you may break out and then come and retest it.

So it doesn’t mean you’re flying straight up. But if you break out, retest and then launch the reasonable zone to get into just that first phase of the next leg up would be a retest of about the 100 level. And so I’m very confident that we’ll see something like this. Now we do though need this chart to resolve over the next, let’s say month or two to see how this chart plays out. And so that’s my take of where we’re at. But once we get above 100, once we get above 120, then those bigger numbers, 180 to 250, $300 is, 300 to $500 is my 2030 target.

And I think we’ll get there, no problem at all. Now I would say this. I don’t really care about price. Again because of what I said about the dollar. You’re measuring your wealth in a dying unit. So it doesn’t really matter to me what the actual price of gold and silver is. Again, at the end of all of this, we’ll have a massive repricing in the next currency in gold and silver. And that’s what people need to think about. So any money you don’t need for two plus years, that’s what you can safely park with confidence in physical gold and silver.

And that’s my kind of rule of thumb for clients, is that on a longer term time horizon, that’s the time frame that’s going to produce the kind of results that Michael Oliver and me and dozens of other analysts are talking about. But in the short term, obviously the frustration around lower prices and this and that, I get it. I would love to be a multimillionaire yesterday, we all would, but I don’t care. I’m allowing time for these things to digest, for the markets to play out, for the macro to deteriorate, for these things to go on.

This should be seen as okay. If I don’t have a position and I’ve been buying for over 10 years, like you mentioned, I’ve been buying since 11 and 12 dollars silver, 1300 dollar gold. If you don’t have any right now, 52 dollars silver is like the steal of a lifetime. Sure. It’s not 11 bucks anymore, it’s not 20 bucks anymore, it’s not 30 bucks anymore, it’s not $40. Right now it could be, that would be obviously the next big time to load up. But at $50, if you, you’re not thinking about this or needing it for the next two years, it is the biggest opportunity to begin accumulating your core position of metals and to start diversifying your stock portfolio at or near all time highs.

So that transfer of your stock portfolio has done well for 20 years. Get that into something that’s going to perform extremely well for the next 20 years. Make that rotation of capital before you lose too much in the markets. And of course like I said, the S and p is down 4% today. Are we seeing the beginning of that 50 plus percent correction? I don’t know. But don’t wait and use this low opportunity or this low price opportunity as the time to start accumulating and building your core position. Absolutely. I mean I can’t agree any more than what you said.

A thousand million percent. I mean and Micah, look at, you were talking about the price of silver. I mean just last year or so, I should say November, about this time last year, November 25, same price was 52 something. And we saw it, you and I watched it eclipse to 121January, February in less than three months. In less than three months. Months. Why do people think that that won’t go back again? Most people didn’t think it would ever hit 50. And we’ve seen it eclipse that. Almost a 3x. So this time with the bottom out, we, you should know this, you should be celebrating.

So I’m watching the Dow right now, Mike. I’ve watched it. Something I haven’t seen, I don’t know about you in quite a long time. I watched it go from a 1500 point swing up to now it’s a 1500 point swing down which punctuates the volatility in the markets you were just alluding to. It’s happening right in front of us in real time. Time. Absolutely. Yeah. No, I, I, I, I couldn’t agree more. And I just think people need to, you know, look at the chart that I showed. Sure. Shorter term it could go down. I’m willing to take $10 of downside in silver if it goes from 50 back to 40.

$10 of potential downside is nothing when hundreds of dollars to the upside is the, is the, is the potential upside side over the right time horizon. So you know, that’s called an asymmetrical bet. Do you want to lose 10 bucks to gain 200? Sure, I’ll take that bet all day long. That’s like 10 to 1 odds, right? Let’s go. So that’s the way that people should view this. I don’t really like the gambling analogy because I don’t see investing in precious metals as a gamble at all. I see staying in the stock market as a complete gamble.

It’s, it’s not only a gamble, it’s a guaranteed loss. Sooner or later you’re just, you’re hedging your bet. But the point of this folks, for Micah to break it down in simplest terms, we understand this stuff is technical we’re talking about. So to make it more on a micro level, wealth with metals is like a marriage, which Micah knows it’s. You have to be invested in the long term. You can’t just look at well, what did I get today? You have to look at it 2 years, 5 years, 10 years, 20, 30, 40 plus years out.

Too many of you are being short term focused and you’re buying in fear based thinking instead of realizing the proactivity of what you’re holding and will continue to hold is going to serve you not just now out, but in the long term. Just like in the panic crisis mode we’re seeing throughout the world with rations and supplies. It gives you that peace of mind that you’re holding the winning hand. If you’re looking for certainty, we don’t think there’s much of a better place to go. And John, if you don’t mind, I just want to throw this in there.

If the people of Paraguaguay this last two days have been going through that type of chaos, okay, if you could jump into a time machine, if you’re Paraguayan and you say, okay look, in two weeks from now you’re going to have no money, money, no money. Anything that’s on a screen, anything that’s on your phone, anything that’s digital, your money, your pension or your retirement, your savings, your day to day checkings account, all that stuff is going to go away. And if you could go back just a week from now and tell Paraguayans this is very likely to happen, you should take some precautions and put some into physical gold.

Do you not think that like literally all of them would put 100% into gold and silver based on what’s happened in the last couple days because they’ve lost a hundred percent of everything they had. Now it’s gone. They may get some form of digital currency back. Central bank digital currency, some Paraguayan digital currency. Who knows? They’ll come up with some weird scheme to replace their money, I’m sure. But if you could go back just a week in time and tell them this is going to happen. Get your shit. Pardon my language, but get your shit your together, get your stuff out of there, you would see 100% of people move their cash into stuff that they can never lose.

I know this is a tiny piece. It’s maybe not the best place to display, but you know, get into the metals, the monetary medals, you can never lose. And this is worth 10 times more what the market suggests in Paraguay right now. People don’t care what it’s worth in the Paraguay. Paraguayan dollar that’s actually, you know, just literally losing its value at an incredible rate right now. So whatever the actual paper price of this is, this is an invaluable instrument monetarily in Paraguay right now because this allows people to put food on the table. Well, yeah, that.

Thank you, Micah. Good point. And I guarantee you people in Paraguay are using stronger language than that right about now. And what are people in France and Spain probably seeing around as a cautionary tale? Exactly. You know what I mean? So it’s like a ripple effect, but yeah, absolutely. So. Okay, a couple more questions just to save your time here. We frequently hear the mainstream media talking about residential real estate is a bulletproof wealth builder. Right. Pointing to the fact that a typical middle American home has roughly doubled in fiat terms from 240 overpriced and.05 to nearly 500 today.

However, if you strip away the fiat illusion and the price that the same house and sound money, the math tells a completely different story. In OH5 with gold at 4, 4, 450 an ounce, that house costs about 530 ounces of gold. Whereas today, with a massive nominal dollar increase in property values, inflation, hidden task, A task that attacks that same 530 ounces of gold would buy significantly more real estate than it did two decades ago. How should a modern saver reshape their view of wealth accumulation when a supposedly appreciating asset like a home has decreased in value when measured against a true global, global monetary standard such as global gold.

Yeah, just quick answer is going to be just back to Michael Oliver’s analysis When you do the index charts. Basically housing in gold terms is actually down the stock Market in gold terms is actually down. They’re only up in nominal terms in the currency in which we’re measuring them, which is a losing argument over the long term term. So you have to live somewhere. You need a roof over your head and if anything, like the move that we made a couple, almost a couple years ago now to move to a hobby farm to be able to be self sufficient, to have, you know, gardens and animals that produce and help us sustain our, our, our family and to put things on the table and to be a little more self reliant, a little less dependent on grocery stores and things like that.

You have to have, have a place to live. And property obviously has been a winning investment. But what I’m seeing and I think is a great trend is people with second homes, people with cottages, people with chalets, people with vacation homes. Not that you don’t want to necessarily keep it. It’s just that if you have this exposure to a housing market that’s actually pretty weak by the numbers, right? We still have elevated prices, but we have record level low mortgage issuance, we have record high interest rates. Not all time like in the 80s, but you know, all time in, you know, 20 years.

We’ve got all the ingredients for a housing market correction. And I’ve talked about this on your show. Melody Wright is actually my favorite professional to listen to on housing in particular. And that might be a name for you to jot down and try to get her on your show. She is fabulous. She’s the smartest person in that space. But Michael Oliver as well, absolutely telling it the way that it is, is don’t think of it in dollar terms, think of it in gold terms terms. And you know, you do need somewhere to live. Just means sell your house and, and, and you know, rent.

Although if that’s your nest egg, if that is your big. Because other than your IR, your 401k or your IRA, the next biggest asset or the biggest asset for most individuals is their home. And we know that there are a ton of Americans with paid off homes right now. Now of course it’s not a buyer’s markets, sorry, it’s not, it’s not a seller’s market, but there’s, there’s no buying going on. So it’s a little bit tricky to have a house that you might want to sell that may or may not. But again, real estate’ right? It’s super local, depends on where you live, what city, what state, what street, blah, blah, blah.

So I would tell people, if you’re Looking to downsize. If you’re empty nesters, if you’re sitting on a huge house at a huge lump sum of money, maybe you would entertain renting someplace comfortable and kind of, again, making that capital rotation from a big and overinflated asset into something that’s still fairly undervalued and actually just absolutely, absolutely necessary when it’s coming to the overall wealth protection strategy. So those are my thoughts. Right, agreed. And Michael, as you know, does really cogent, very specific measured data points, which he’ll do again on our podcast, like he’s done in the past, like you’re showing.

He covers everything, including real estate. And I ask him about that. And he’s also alluded to the Fibonacci pattern, which we know has many ripple effects throughout the economy to include real estate, because I think a lot of people think of real estate as separate, but it’s very much conjoined to the stock market, which we just alluded to. And the economy. And the economy. Right. Well, again, it’s all correlated. Right. And so we go back to a gold standard, which we know is going to happen with Judy Shelton and all that. That’s going to be great.

But you can’t pour old wine skins into new ones. You can’t have a central bank system with points and closing costs, which is all unconstitutional and fraudulent and egregious, and keep that system and still have an artificially inflated value. So these prices are going to have to come down to earth to what they really are, which is good in the end. End. Hard to begin in a good end because then you can go back to a single income with mom at home and dad working and a nuclear family and God, Christ, wouldn’t that be nice? Oh my Lord.

I think that’s where we’re headed. And precious metals leads the way for that. And you know, I, I talk about this all the time and I actually kind of put this into terms with my wife too, just so that she can understand. You used to be able to support a household on one income and, you know, wouldn’t necessarily have to be a big six figure income either. Like, you know, my dad, my dad did it, he worked for the railway, he didn’t make much money. But my mom was a homemaker and a, and a, and a housewife.

But you can’t do that now. You could have a couple of income earners in a household who both make, let’s say, you know, six figures each. That’s nothing. Now, depending on the market you live in, that’s nothing now. And that’s because the money is becoming worth less and less and less all the time. It never will go as far as it did last year or the year before. So unless you’re getting these really big pay increases in the particular field that you’re in and the career trajectory that you’re on, unless you’re going to be making substantially more money in the shorter period of time, you’re just going to feel poorer and poorer and poorer as time goes on until the dollar is done and it’s reset.

Now, I don’t think this is going to be an event. It’s a process and we’re in that process now. Control, demolition. We need the stock market to crash. We need the financial system to fail. We need, whether it’s a bank hack or whatever like in Paragu, but we need the stock market to crash, we need the bank system to fail. We need the economy in tatters. We need unfortunately probably riots in the streets. And then we get to the point where the only way, historically this has happened hundreds of times, but the only way you can get people to have confidence reinstilled in the money unit is to bring it back to sound money and to re peg the currency to go gold.

Which of course, you know, we hope to see some stuff with Judy Shelton’s new role there. But you know, I’ve shared before, like any step in that direction is a step in the right direction. However, I don’t think the government’s going to necessarily be able to set the price of gold. And we know that obviously with China accumulating as much as they are, that the risk is like if we reprice gold at whatever price, we could be potentially benefiting China even more. Because I don’t believe that they hold less than we do at this point. Right.

8,100 tons for the US is supposed to be the most in the world by a long shot. The next biggest is China at 2500 on paper, but we know they’ve been accumulating what it was 1500 tons in the last year, which is almost 100% accumulated. Like they’ve only just based on that, they’ve almost doubled their position in the last year and they haven’t been allowing a single ounce of gold to leave China for, for, for, for 20 years. Over 20 years. So anyway, I think the market will reprice price it through the process and the overall transition back to a sound money system.

Well, yeah, absolutely, Micah, but that’s why we need a true transparent audit of the Fed and fort Knox respectively. So the people can actually for once since 19 what 56 I think see what we actually have due true inventory. Then we can, you know, go from there. But right, not just Rand Paul going and kicking a couple bars and. Right, right, I got them. So I looked, I, I, you know, spent 15 minutes there. It’s all there. It would take, it would take a year at least if they had you know, army, a small army of people working on it.

A proper audit would take over a year. Not to mention, you’re right, not to mention all the substrates of gold like in the Grand Canyon with plaster gold, pure 24 karat gold we can’t even get access to. Presidents can’t get access to that where there’s all these pockets that you know are just leaking out and the world has replete amounts of gold as we know in Zimbabwe and the Philippines, Philippines and China and many other places. So. Yeah, but it all signals the inevitable touch point you mentioned about be in the right place and just hold, hoddle your position and know you’re in the driver’s seat even if you’re early.

Be early but be right. That’s kind of my life story, right. I’ve been buying for 10 plus years and I was wrong for all those years that silver was in the teens and I was buying it like crazy odds, you know, whatever. It’s so cheap, blah, blah. I wish I could, I wish I had more money back then when I was accumulating, but I’m buying now. Be glad you got what you got when. Yeah, I mean I bought at 80, 70, 60. My last big buy was in July, end of July, early August, around 57. Yeah and I am just looking at that chart that I shared earlier.

You can buy here in the middle. If you own literally none, go ahead and buy right now, don’t even think twice about it. But because I own so much I’m waiting to see whether we break out or if we break down and we’re just in the middle of that. But that’s again it’s all going to happen over the next month or two and then you’ll know which direction we’re going in at that point is you’re in the winning driver’s seat and have confidence in that. Last question for today Mike, is the data on central bank behavior shows a massive price insensitive accumulation pattern.

So in the first half of this year alone, global central banks aggressively added hundreds of tons of physical bullion to the reserves. With summer buying spikes tracking more than 150% above pre2022 historic averages. We’re seeing major and sovereign funds and even massive digital institutions like Tether aggressively absorbing physical metal regardless of short term price fluctuations. Yet there is a stark divide. While global institutions and sovereign buyers are treating physical gold as the ultimate defense necessary necessity, the average Western retail investor remains largely absent as you’ve talked about, convinced that the only path to retirement is paved with stock stock Certificates, mutual funds, IRAs, etc.

Who has the macro picture figured out and why is there such a massive unprecedented disconnect between what the world’s most powerful monetary institutions are doing and what the everyday Western investor believes? Who has the macro picture figured out? I can’t claim to have it, but I think my roadmap’s pretty close to what we’re going to have to experience. Influences that I have that have helped me craft that view of what’s going to happen are David Hunter, Michael Oliver, Luke Grohman, David Brady. These are big names in the industry that I’ve been listening to for, for again 10 plus years.

I believe that their story as to what happens next, it’s going to be a synthesis of all of their views. Right? It’s never going to be just someone who nails every point. It’s going to be a little, all of them getting little pieces, right, including myself I hope. But I don’t care to be, you know, right or to have it go a certain way. I know eventually, you know, the only thing you never lose any money in is physical gold and silver on again, the right time frame. But yeah, the central bank accumulation, we’ve talked about that, you know, the writings on the wall.

Why would China be accumulating it? Why would the eastern part of the planet be accumulating gold and silver like crazy. They know how these things end. How many PhD economists are in there, how many financial historians are, are in these much, you know, smarter rooms than we are. And they know that fiats always fail. They know that gold standards always come back into fashion. It’s just a cycle like anything, like a debt cycle or a business cycle or a life cycle. That’s essentially what’s going to happen is we are just having a natural cycle back through the monetary or the currency life cycle where we’re in the ninth inning of a fiat currency world.

We’re maybe top of the ninth or maybe bottom of the ninth. We might be in extra innings, I don’t know. But we’re very close to finding out how this story ends. And it’s like a movie that everyone’s kind of seen before because the movie’s archetype is so similar. Right. You know how it ends. So be positioned for that. That’s going to be the right thing to do, and that’ll be the right take on what happens, regardless of which route it takes, whether it, you know, takes the. The express route or the scenic route or whatever. Right.

So all that to say banks, hedge funds, billionaires, countries, all these guys probably know a little bit more than we do. They’ve been buying for years at record levels because it’s simple the way that this all ends. And it’s unfortunate that retail will not know or realize or act until it’s kind of a reactive thing. Oh, geez. I can’t access my bank account. Oh, geez. My IRA is zero, like in Paraguay. So, you know, that stuff just not to be sensationalistic or to create a false sense of urgency. If you have not done anything yet, it’s not too late.

You won’t know that it’s too late until it is. Right? And, and, you know, we’ve talked about this over and over and over again. Don’t wait for the world and the, the powers that be, the fake news and the. These banking institutions to tell you it’s valuable when it’s 120, 180, because it’s not. People think, well, because it’s. It’s retraced back, it’s not going to do that this time. It’s the. It’s all out there. The cake’s been baked, as we said. So, you know, the only question is, do you want to buy it at 50 or 150 or 200? And then we.

I’m going to continue to hammer this because I still think this is the most important thing, Micah, is people are so fixated on price and reactionary instead of proactive. But what about supply? You yourself said in our podcast earlier this year, at a certain point, you won’t be able to guarantee supply. So if you can’t get it, what does it matter what it costs? It’s incredibly finite. People don’t realize that there’s not like all the inventory. Again, we’ve never run out. But we’ve come pretty close this year. I’ve had many instances and many little, you know, fear events that create such a rush in such a short period of time that we are pretty much, you know, running very low.

Although, because of the preference that we get from all the refineries and mints and suppliers, because of our stature, because of. Of our reputation, because of the amount of business that we do, we hope we never have any of those issues. We never have. I don’t think we ever will. But I can’t say that for sure because this is a world where there’s only so much of this stuff in the industrial nature, which I don’t really want to get into because, you know, that’s a long and very interesting story about how useful and irreplaceable silver is.

Aside from all the monetary applications, there’s going to be mines that are getting snapped up by Sony and Samsung, Samsung and Tesla, and there’s going to be a ton of the silver production every year, which, by the way, is a declining number. Right. There’s going to be a ton of silver supply every year that comes, that never comes to market because it’s being bought right away by big tech. And for most of those guys, they want to, you know, they can’t produce technology without silver. There’s so many things that you cannot even replace silver with that.

They’re a little price insensitive too, because most of the silver components in these very various technologies are so small. It’s not like it’s going to have such a massive price increase on the final product because silver’s gone up to 2 or $300. So even at 2, 3, 4, $500, I see industry having to buy even more at that point and probably buying even more aggressively. And so, you know, look at the chart. The damage has been done from 120 down to 50. Can we go to 40? Sure. Do you think silver’s at 40 bucks in five years? There’s no chance, not even one, one year.

There’s probably no chance that it’s not a double in the next year. And so, you know, you could buy here and I could be wrong and we could go to $40 or, you know, 45, something in that range. I could see as if, as a realistic bottom again, if my critical support that we’re very close to now fails. But if you think that silver is going to be down here in the 50, 40, 60, whatever dollar level a year from now, 2, 3, 4, 5 years from now. And I’m not saying that because it should be viewed as a speculative asset.

Again, it’s the safest thing that you could possibly invest in. This is the only thing that won’t go to zero. So now, John, I’m sorry, I’m looking at the clock and I’m gonna have to land the plane here. So let’s do the quick promo thing and yeah, well, just again, just real quick, you know you’re talking about robotics, AI manufacturing, but what about military and war and threats of. Absolutely. Fire off a Tomahawk missile. It’s got 500 ounces or close to that got radioactive. So once it’s done, you can’t bring it back. What’s that due to? Supply and demand.

So it all roads lead to Rome, folks. As we wrap things up. I’m just going to go through our promotion for you. Let me just grab that. Hold on a second. This is Noble Gold being generous once again as they always do. This is a limited time offer for the holidays and now post elections, Noble Gold is graciously for all qualified accounts, whether it’s a cash purchase or a parcel, partial or have 50 or complete liquidation of 401k IRA pension annuities. They are offering a free 10 ounce of silver either in a bar or coin form punctuating the 250th anniversary of our country.

So please take advantage of that while you can. We’ve already list out all the reasons why you can go to noblegoldsinvestments.com that’s the website. The promo code is my name JD Metals. And you can also, as Micah said, talk to him@micah noble ira.com Micahobel ira.com will leave his email with the description here. Please don’t wait, don’t wait for the banks in the world to tell you it’s valuable because at that point you’re paying much higher prices. Take advantage of this while you can. Go against the grain of what’s being said. Be proactive, not reactive. Micah, thanks for joining us today.

We appreciate it. John, I want to end with this. When I finally get to meet you in person, I’m. I’m gonna gift you my one of my favorite pieces pieces. This is my 1oz silver cross. I appreciate that there’s so many nice collectible pieces, but this one’s for you when I finally meet you man. So yeah, thank you man. I love you and bless you and bless everybody. So yeah, thanks. Get call me up, let’s continue the chat. Email me, I’ll get back to you, I promise. And thanks again for your time today, John. And we’ll see you again in a couple weeks.

That’ll be a good birthday present for me. So awesome. Great, Micah, God bless you. You too. See you later.
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