Whats Behind the Silver Surge? Large Institutions Cashing In w/ Andy Schectman

➡ China is buying up commodities like silver, reducing their reliance on the dollar. This, along with export restrictions from China, who refines 70% of the world’s silver, is causing stress in major exchanges. Additionally, a peptide called retatrutide is gaining popularity for its ability to reduce appetite and burn fat. Lastly, there’s a discussion about the rising prices of silver and a debunked rumor about the government’s right to confiscate silver.
➡ JP Morgan has reportedly amassed over 750 million ounces of physical silver, the largest stockpile on Earth, worth more than $40 billion. They’ve shifted from suppressing silver prices to accumulating the metal, causing prices to rise. Meanwhile, China, the world’s largest refiner of silver, is set to implement restrictions on silver exports, potentially causing supply shocks. This, along with increased demand for silver in tech and military applications, is causing a shift in the silver market, with more entities standing for delivery on exchanges.
➡ Silver is a highly valuable metal used in various industries, including military, medical, and technology, due to its superior conductivity. Despite its high cost, it’s essential for these industries. The demand for silver is increasing, causing it to leave the ecosystem rapidly. Meanwhile, gold is being reintegrated into the global South’s monetary system, and both metals are seeing a shift in their narratives.
➡ The real estate market is facing significant challenges, and the rise of AI is threatening jobs across various sectors, including high-paying white-collar jobs. The Federal Reserve is considering measures to ease the burden on the employment market, but these could lead to distortions in asset prices and misallocations of resources. The value of the dollar is decreasing, and it’s suggested to measure value in terms of gold instead of currencies that are continuously devaluing. The article also suggests investing in assets, particularly gold, as a way to secure financial stability amidst these changes.
➡ The text discusses the potential for a significant shift in the global financial system, with large amounts of money being moved into gold and away from traditional banking systems. It suggests that this could be part of a strategy by certain influential figures to undermine the power of central banks, particularly in Europe. The text also mentions the possibility of a financial crisis in the European Union, and speculates about the potential for conflict in the region. Finally, it criticizes the lack of media coverage of these issues in the United States.

Because the silver is more important to the Chinese than the money that they’re using. They’re de dollarizing. They’re taking their dollars and buying up all the commodities, getting rid of dollars for, for something worth more than dollars. So you have the strategic resource competition between great power us US says it’s strategic, China says fine, it’s strategic. And we’re going to limit exports. The European Union did this in 2023. But you also have supply shocks from, from export restrictions that’s now going to come from China. They’re not going to export anything and they refine 70% of the world’s silver.

You have stress inside of major exchanges. All of these deliveries. The LBMA as we’ve talked about is bleeding. Just a short break from the program to share with you an amazing peptide to help you lose weight. It’s stronger than O. Why? It’s because it not only reduces your appetite but it also burns fat. These other GLP1s on the market, they do not burn fat, they just reduce your appetite. This one retatrutide is stronger. It’s considered a next generation peptide because of that. And man, does this work. I’ve been using it for two and a half weeks and I’ve already lost 11 pounds and I cut my dose in half because I was losing weight too quickly and that kind of freaked me out to be honest.

And so I also am taking this 5amino 1 mq in capsule form. This helps by making sure that you lose fat, not muscle. And so in conjunction I’m using both of these. This will work whether you have this or not and I am telling you it’s amazing. If you are interested in getting this I have the link below or you can go to sarahwestel.com on the shop. You can use the coupon code Sarah to save 10%. If you have questions about your own use you should either consult your doctor or you can join Dr. Diane’s tribe and I have a link below to that.

It is only a dollar for the first week. You can ask her any question you want and get all your answers to this. How to take an injectable and there shouldn’t be any fear in doing that. It is easy and straightforward. Go to sarahwestall.com under shop or use the link below and remember to use coupon code Sarah. Welcome to business Game changers. I’m Sarah Westall. This is my Friday night economic review with Andy Schectman. We got him back the house and we’re going to talk about the exploding prices of silver. What’s really behind that? And also a video that’s been going around that is freaking people out that the government now has the right to confiscate silver.

You get to hear what’s behind that and what’s true and not true. And then we talk about, of course, the issues of the day and what the global economic situation is looking like. Before we get into that, I want to tell you, if you are looking to buy gold and silver, it’s really smart. I mean, we’re seeing institutional investors telling people now that instead of bonds, get make 20 to 25% of your portfolio, silver and gold. That’s a big deal. Never, not in recent history, over the last 50 years have they ever said anything like that.

So I don’t even think they said that before then. So it is a historic change in what they’re telling investors to do. And the most sophisticated investors have been doing this quietly behind the scenes for years. But if you are interested in getting gold and silver, go to sarah wessel.com Miles Franklin fill out that form and you’ll get access to the private price list from Andy from Miles Franklin. But more importantly, it’s important that you work from with a company that you can trust. People have been scammed really badly on their IRAs over the last few years and we’re hearing the horror stories.

So make sure you can trust the company you’re buying from. Also, you don’t want to be paying higher premiums than you should be. There are companies out there charging really high premiums. If you’re getting charged more than 2% premiums, then you’re paying too much. That’s what I look for. I look for people you can trust. I stand behind them. And I know that Andy and his company has been, you know, I’ve been interviewing him and I was the first one to interview him back in the day in 2016. And, and I got to tell you, I.

We’ve known each other now for a long time and he’s proven to me that he’s trustworthy. And so I think, I think it’s important in today’s world. So let’s get into this. There’s going to be the Last one at 20:25 with Andy with my Friday night economic review. Hi, Andy. Welcome back to the show. Great to be here, Sarah. Nice to see you. Okay. There’s this video going around talking about silver being confiscated. People are concerned about it now that the silver has been reset as a strategic metal and it. Or a strategic resource and it is going crazy in price.

Is there any truth to this or is this just a made up, you know. Yeah, there, there’s a video that’s going around and, and it’s of an Asian man and, and it looks very real, but I believe it to be totally AI and there are reasons, if you watch it closely, you’ll understand what I mean by it. There is some good information in it. But he speaks of silver being now having the ability to be confiscated because it was classified a critical mineral. And he cites a bill number which I have written down here. The bill numbers HR9847.

And so. Which is not right, which I’ll talk to in a moment. But anyways, you know, gold was confiscated in 33 during the Great Depression and that was Executive Order 6102. I know that because I have it above my desk. But this required Americans to surrender their gold. But the gold standard was about monetary policy, not environmental or energy policy. And it was repealed in 1984 anyways. So HR9847, this guy claims is because it is strategic that the government can come in and take it from you. Well, first of all, and he cites a couple of things in here about things that you don’t want to do with a precious metals dealer.

HR9847 is actually creating Early Childhood Leaders act, which amends the Higher Education act of 1965. So there is no bill that he speaks of. This green bill. That is not it. And you know, it’s, it’s. It wasn’t voted on by bill the reclassification of silver. It was done by an executive order. And so when you look at this video, a lot of people must have got 50 emails. Some of the things he says is that dealers are required to fill out a Form 8300 anytime you spend over $10,000. That is so not true. It’s not Even funn.

Form 8300 is if you have cash and you go into any retail establishment in the United States, go to Nordstrom’s, try buy your family $11,000 worth of clothes. They will come out, the manager will come out and give you a Form 8300. Whether you’re buying precious metals or you’re buying anything retail. If you pay in $100 bills and you cross 10,000, you will get a Form 8300. And they just want to know who you are and why you have so much cash. You’re making plenty of money per year. They probably won’t just get filed Away. If not now, you may have people knock on your door wearing trench coats if you try and offload it all at once.

But there is no form 8300. The bill that this guy’s talking about is not a bill. In fact, like I said, it’s about child care development and B.S. it’s B.S. yes. And, and they’re not. Yes. What it really does is it gives the, the government the authority to source it and, and, and to, to get it through normal channels, not by going door to door and taking your precious metals. So yes, it is make believe. It is made up. It is AI. It is not true. Okay, so is the hold. What is the. When Trump put the executive order in and changed it to a critical mineral, what did that do? The executive order focuses on agency actions to expedite permitting and energy infrastructure projects.

Doesn’t include provisions requiring mandatory reporting by private companies or government acquisition of private resources. In essence, it just basically says it’s a critical mineral. Let’s start mining it, let’s start getting it quick. Let’s fast track permits, let’s start to actually partner up with some of the mining companies which they are in negotiations with to build a strategic stockpile of these critical minerals that isn’t just silver. It’s, it’s platinum, it’s palladium, it’s, it’s, you know, copper. It’s, it’s, it’s all of these assets that you need. And now they’re, they’re identifying them and fast tracking the permitting and the mining and the acquisition of it.

That why the prices are going up. That’s one of the big reasons. Yes, it is. Absolutely. I mean, just in the first. Let me give you the numbers. Well, it’s soaring. It’s what it’s first of all or something when we’re recording this. Here’s another reason. Maybe the price. I’ll give you several reasons. The prices are flying. The Economic Times just, just reported the other day that JP Morgan now holds over 750 million ounces of physical silver. They reported this, but that’s more than $40 billion worth, by the way. And on your show I keep telling you who’s bringing in billions and billions and billions and billions and billions and billions every month into comex.

Who the hell’s got this kind of money? But this would be, if true and reported by the Economic Times, it would be the largest stockpile on planet Earth. They benefit from the prices going up. They’re making a killing. They always did. Or they always. They did not. But now they do. And because the article goes on to say that they didn’t just stop shorting silver because they had been the big short for a long time trying to hold it down. So price went up, it would kill them. They flip flop. The article says they flipped and became the biggest long in the market.

That in just six weeks they’ve added 21 million ounces to their position while closing a 200 million ounce paper short position which removes pressure on the downside and the buying of the metal physically pushes prices way up. And it also goes on to say that they pulled 16.6 million ounces out of the registered inventory. So there’s eligible and there’s registered eligible means it could be put into register to back the bars. We have nine Brinks vaults around North America. One of them is in New York City, jfk. And if you own thousand ounce bars in that vault, which some of my clients do, those are eligible.

Meaning if they wanted to sell them, they could transition them into the registered category and then they could be sold. If they sit ineligible, they’re not for sale. Well this went on to say that 16.6 million ounces were pulled out of register and actually left Comex completely moved out of Comex, meaning that’s gone forever. Who would have done that? That would. Silver is something called a Giffen good, which means the higher the price goes, the greater the demand. So Tesla and Sony and Samsung, they’re all like, oh, the price is going up and the demand we better jump in now or we’re in trouble.

Because we only need this much to build a phone or an iPad or a computer or a car batter or whatever. They need it. So the higher the price goes, the higher the demand is. They need it, they need it, they need it. And everyone’s battling who took 16.6 million ounces out of COMEX. Goodbye out the door. Who’s buying? Is it Elon Musk for don’t know. But that also goes on to say that they moved 169 million ounces out of the eligible category into a non deliverable vault. I never really thought about this because that’s just the same thing as leaving.

Well, in essence the metal still exists on paper, but it’s legally removed from the delivery system and it would need to be re registered, meaning reassayed in order to get into the Comex settlement system. It cannot be delivered. So basically what you’re seeing is not defensive posturing, it’s intentional removal of metal from the delivery pool. And if it’s true I have no reason to believe it’s not. It marks a massive shift from suppressing silver with paper to accumulating metal. And at the same time we talk about all of these huge deliveries. In November, which was an off cycle delivery month for both gold and silver, 19.7 million ounces of silver and 1.27 million ounces of gold were delivered.

Right? 19.7, 1.27. Again, who’s got this money? Well, how about December, which is a deliverable month for both gold and silver? By day 12, I looked at it up to yesterday. Deliveries have already reached 58 million ounces of silver delivered and 2.85 million ounces of gold, with new contracts being added daily till the end of December. So ask yourself, take 58 million, multiply it by $64 or whatever, that’s a lot of money. Who’s doing it? This is the biggest money on the planet and huge money that is doing this. And so when you take a look at what’s happening, why is silver going higher? It’s, it’s happening because you know, you have, I guess you have massive deliveries and at the same time you have the biggest short in the market.

Now flipping to the biggest long on the planet, the biggest amount of, of of silver stockpile on the planet. And they’re the custodians of slv, which is the largest silver trust on the planet. At the same time the US government says oh by the way, silver is now a critical mineral starting 1-1-2026 in China, which China is the largest refiner of silver in the world and the second largest producer. Starting January 1st in two weeks they are implementing restrictions on sending silver, exporting it. And this matters because there’s 70% of the world’s silver is refined by China, not just from their own mines, but from Dore.

They import globally and then historically have re exported to western markets. That pipeline shuts down in two weeks. So you look at all of these things happening at once. To answer your question, you have strategic resource competition where China’s flying to Mexico and to Peru, which are the number one and three largest producers in the world. China too, and buy Dora and concentrate right from these countries, from the miners before it even becomes silver, shipping it back to China and refining it themselves. They’re paying double what the west will for sludge, which is concentrate and crudely refined bars and disintermediating the marketplace.

They’re buying it in the pre refined stage. And then why? Because it’s, because it allows them to gobble it up without anyone knowing. In other words, they go to the miners in Peru and they go to the miners in Mexico and say, we’ll pay you double what the west will, but we want it all. Give us your sludge, give us your doray bars which are crudely refined bars that get crudely refined and then sent to the refiners to be purely refined. They’re like, we wanted this intermediate, give it to us, we’ll pay you double. Because the silver is more important to the Chinese than the money that they’re using.

They’re de dollarizing. They’re taking their dollars and buying up all the commodities, getting rid of dollars for something worth more than dollars. So you have the strategic resource competition between great powers, right. China and the U.S. u.S. Says it’s strategic. China says, fine, it’ going to limit exports. The European Union did this in 2023. But you also have supply shocks from, from export restrictions that’s now going to come from China not going to export anything. And they refine 70% of the world’s silver. You have stress inside of major exchanges. All of these deliveries. The LBMA as we’ve talked about, is bleeding.

The LBMA has 2 billion ounces in contracts that should stand for delivery. They’re deliverable contracts and backed by 140 million ounce float. In other words, they have sold those 140 million ounces over and over and over and over and over and over, thinking no one ever stands for delivery. But now all of a sudden, everyone’s standing for delivery. What could possibly go wrong? And at the same time, you have the largest player in the market flipping from short to long. And that’s why this cycle is different. It’s not financial, it’s geopolitical. Yeah. And the fact that everybody’s realizing it’s for big tech or for high tech and military and, and all this technology use.

Can I ask you quickly? Yeah. Frame keeps going in and out and moving around. Is there something that was. Is there somebody doing that or. No, you know what it is? I have to just stay still. It’s. I, I think on my zoom, I have to uncheck it. They have this thing called it follows you. If I go like this, it follows me. Sorry, I. No, it’s, it’s, it’s a setting on Zoom. I want the audience to snow because your thing is going all around and I’m like, wait a minute, stop. It’s a setting on Zoom.

I’ll just hold still. I get it all animated. It’s a setting on Zoom that Follows you wherever you go. Okay. But yeah, this is a bigger deal altogether and, and it is. And it’s about the realization that the physical metal is more important and worth more than the currency behind it. But no one ever stood for delivery on these exchanges. That’s what’s breaking the whole system. Well, and you know, years ago I had conversations with, with people talking about, so more futurists talking about how silver was going to completely change because they’re, they’ve come out with ways to coat silver because you know, because it’s very conducive but it corrodes.

But they’ve have new ways of dealing with silver. So it no longer corrodes in a, you know, you know, it will eventually, but in the lifespan of the equipment that they’re using, it won’t corrode. So now suddenly it’s a game changer in how silver is used and needed in military and high tech equipment because it doesn’t grow and it’s significantly better than other metals for conductivity. So suddenly we’re dealing. It’s a, it’s a whole nother ball game. Yeah. And it’s needed everywhere. It’s needed in military equipment, high tech military equipment. It’s needed in water purification and medical uses up the yin yang.

It’s used in solar panels which are increasing. It’s used in anything that’s digital, electronic or electric in a digital. That’s needed. And I think that’s the realization. Yeah, it’s the most conducive material. You know, graphene is. But graphene is a different deal. That’s actually the most. Nothing conducts heat or, or light on the planet better than silver. Nothing. And so that’s why it’s used, I mean like in high tech military components. It’s needed because the heat is such that everything else kind of, you know, whittles away. But silver is a far better conductor of heat and, and, and light than just about anything.

But only in small amounts. Right. So it inelastic, you need just a little bit for a bigger product that costs much more. They don’t care what it costs. They need it. And that’s why you’re seeing all this metal leave the ecosystem like. Right. I mean, because gold is used because it wasn’t corrosive, but now that it’s bypassed now it doesn’t have those corrosive issues. And it’s way better than gold. Yeah. And gold has been agreed upon by the world as a monetary instrument and you’re seeing it largely being reintegrated into the system in the global South.

And you’re seeing huge gold deliveries into the, into this country every month. Both gold and silver are, are. The whole narrative is flipping with them. And the big money does it, sees it, and is taking advantage of accumulating it and standing for delivery. While the public hasn’t caught on yet, your listeners have, but the public hasn’t. Yeah, well, you’ve been talking about it since 2019, that there’s somebody bringing in all this stuff and seems like they’ve been planning. You said the most sophisticated buyers know something is going on. So they’ve been building this up, building it up, up.

Holding the prices down, building it up. And now it’s like, okay, we got a shitload in our, in our research. If you were worth $5 billion, Sarah, if you were worth $5 billion, do you think that you would know the rich and famous or the powerful people? You would. You don’t get that kind of money without being at the highest level of the game. And when you’re at the highest level, you know, the insiders and the insiders are telling their, their cohorts this is what’s going to happen so slowly, using the suppression of rhetoric and of price all these years to cover what they were doing.

And you wake up one day and be like, wow, what happened to the price of silver? How the hell did that go? And why are all these deliveries happening? What about the delivery delays in London, which are eight weeks? It’s supposed to be one day. T plus one. You get your silver. Now it’s T plus eight weeks. Because the bank of England says we have a shortage of manpower and trucks and such demand. Really? So the bank of England doesn’t have an enough trucks to move my silver. That’s a problem. I have to wait eight weeks.

They’re getting their, their delivery failures. They’re getting, they’re running into their bluff being called by countries and sovereign wealth funds that were never coordinated or motivated to take on the West. Never wealthy enough to do so. But when you get, you know, central banks and sovereign wealth funds on the back of central banks, you’re dealing that are now very wealthy. You know, These countries were third world 20 years ago, but now all of a sudden they’re wealthy, motivated, coordinated, sophisticated, see exactly what we’re doing and say, ha, you want to hold down the paper price, great.

We’re going to stand for delivery because these, these contracts give us the reason or the ability to do so. Even though nobody ever did. We’re gonna. And that’s what’s changing the game. It’s the huge deliveries that has rewritten the rules. And when you have a system based on trust, where no one stands for delivery, that’s Bernie Madoff, you kill it. But when everyone says, Bernie, I need my money, Bernie, Bernie, where’s my money? Bernie, Bernie, where is my money? Eight weeks. What do you mean, Bernie? Well, Bernie’s dead, was in jail. The point of it is, is that it’s the same thing.

Bernie is the lbma and Bernie is head of the nasdaq. I mean, he was, that’s right, really respected. Well, and so was the LBMA. The LBMA is 140 year old exchange, the oldest on the planet, really. And you could argue the same thing is true with many of our institutions that used to be really respected and that’s why no one wants our treasuries anymore. The judicial system, the political system, the immigration system, the massive fiscal irresponsibility. In the six weeks we were closed as a country, the government, they added 600 billion in debt. You can’t even make that up.

We’re doing a trillion dollars every hundred days. So all of these questions, including using the treasury bill or the bond market and the currency and the swift system as a weapon, all of the things that we have done, all of the missteps, backed by nothing but trust from an insolvent nation who has trampled on the moral high ground that we really stood on after World War II, that we were the beacon of freedom and justice in the world. A lot of people look at this country, say what the hell happened there? You know what? I think I’d rather own gold instead of treasuries.

And then you look at the, the gold market has doubled the performance of the 10 year treasury for 25 years. Last year the treasury was up 4 and a half percent and gold was up 45. This year the Treasury’s up almost 4 and gold is up 60, silver’s up 100. So it’s the measuring stick that we are measuring against that is wrong. But the world looks at the dollar and our institutions, both political and judicial, and the moral high ground that has been trampled upon by us, where we can invade Iraq, mistakenly not find the weapons we think are there, destroy their country, and we’re still there 22 years later and say that’s the country that’s imposing rules upon a country like Russia.

Judge, jury and executioner. And I’m not making any, passing any judgment on the war, just simply saying it’s not for us. To do this stuff. And that’s why we’re seeing no one want to buy our Treasuries anymore. And that’s why you’re seeing that actions have consequences. Yes they do. And that’s why you see the genius act that will be in into effect no later than January 1, 2027 or maybe even sooner if the regulators hurry up. But that’s why it’s synthetic demand for the treasury market. And because it’s then you throw in the Japanese yen carry trade that’s it’s going upside down and you’re seeing all of these Treasuries that have been owned by the, by the Japanese pension funds that are all being sold which will push rates up even more.

This is a system that’s just I think just beginning to show the cracks. You got fiscal irresponsibility, massive debt accumulation. And in that the demand for our currency and our debt fades. And then you get central bank step in which is to monetize the debt which erodes confidence. The only winners in that game are real assets and that’s what survive. And that’s what gold and silver and all commodities represent. It’s not to get wealthy, it is wealth that will survive. A system of paper promises that starts to unwind. So what do you think is going to happen in 2026? You know I think you will see problems with the banks.

The banks that are over leveraged and. Yep. And under capitalized there as you and I were talking about off. And those are the regional banks. Those are the US Banks in, in the state of Minnesota like US Bank. These are the of commercial real estate which is ready to be re. You know, re the loans need to be reset. Yep. Owned by small and mid sized banks. Right. The regional banks like US bank in the state of Minnesota which isn’t a commercial bank, it’d be a large regional bank. But these banks are the ones that are on the hook for this.

And it’s the unwinding not just of the commercial real estate, it’s mortgage backed securities in general which also contain residential real estate. As unemployment continues to go higher, it’s great to have a 3% mortgage until you lose your job and then what happens? And you know one thing that they could really do to ease the burden would be to allow mortgages to travel. And if they did that would be a very big step. But they haven’t done that. And so if you are locked in at a low rate, great. But what happens if you have to move for whatever reason? The real estate market is in trouble.

Commercial real estate market is in very big trouble. Very big trouble. And you’re right. And the systemic nature of these banks failing, it creates a very, very big problem. To me, that would be the big problem in 2026 and their employment because people are, people don’t have money. It’s really. Well, that’s it. And it’s only going to get worse. And then you bring in AI, which kneecaps, entry level jobs and a lot of good white collar jobs. My son who works for me now was a, an accountant at Price waterhouse getting paid 80 grand to analyze a balance sheet of real estate investment trust.

AI can do that in one second without having to pay $80,000 to a kid out of college. And you know, you and I were talking about your upcoming travels. When you go to the Minneapolis airport, look around, there’s one, one cashier. When you check out, when you come out, if you park your car there, everyone, everything else is, is automated. Using your credit card, you go into every single gate. Minneapolis, I think has one of the nicest airports in the country. Every single gate has a restaurant, just about. But those restaurants are, are, are there’s iPads that you order from and a food runner and a bartender and a cook instead of, of weight, waiters and waitresses and busboys and there’s three people running each one of these.

You go to the McDonald’s in the airport. It’s a giant kiosk. You know, you don’t order from people anymore. You push your stuff in and there’s two, three people there. So you’re beginning to see not only big corporations who will shed high paying jobs in the name of efficiency, which is what AI and robotics will do, but it will come at the expense of massive, massive job cuts. And it’s not just blue collar, collar or entry level, it will go all the way up into high paying white collar jobs as well. I think it’s a very big deal.

And so as that happens, this is why you see the Federal Reserve now pivoting, getting rid of quantitative tightening as they said they would do, which would be selling all of these assets off their balance sheet, which again will reignite the inflation spigot on top of lowering rates. And the rumor is that they’re going to start buying $40 billion a month again of treasuries to suppress rates because no one wants our treasuries. But this is in order to ease the burden of an employment market that is starting to crater. And I don’t know how much it will really work.

But they figure if the cost of running a business gets much, much higher, then they will come at the expense of employees. Well, if they lower rates again, which got us in this problem to begin with, with it will address the inflation problem. I mean the unemployment problem. But when you mess with mother nature by suppressing interest rates, there is a, there is a price to pay. And that is you create distortions in asset prices and misallocations of resource and capital. What I mean by that is what’s your house worth at 3% versus 9% on a mortgage? A hell of a lot more and more.

And, and resource and capital. If you’re a company thinking of why they’re laying people off, if you think interest rates will stay next to nothing forever, sure, let’s expand, let’s build another wing, let’s buy that other company. Let’s, let’s, let’s add a division, let’s hire 40 more people. And then all of a sudden rates go way up and the cost goes way higher and your business goes way lower. What do you do? So, but you’re screwed. The Fed’s in a corner. They can’t raise rates anymore. They cannot not do what they traditionally have done. They’ve already.

I mean, this is what’s quietly but right. What happens if you don’t? If you don’t, that means that you end up incentivizing more debt and destroying the value of the currency, you know, because you. That’s right. They’re damned if they do, they’re damned if they don’t. And that is why the, the most important thing to take away from all of these videos we do is whether you buy gold or silver from Miles Franklin. I hope you do. But if you don’t buy assets, you need to assets right now, period. If you own currency, you’re dead in the water.

And you can measure anything going back 50 years. Take any asset, anything that you would own, your house, a car, anything. Measure ounces of gold and the price is collapsing. Measure it in dollars and it’s going through the roof. The dollar is dying. And the problem is that we measure things in terms of dollars, measure in terms of ounces of gold. And the interesting thing about this, the new BRICS unit currency that they’re using, they are each currency, it’s a basket of 40% gold, 60% currency, BRICS plus currencies. Those currencies are measured in terms of their value against gold, not gold value against those currencies.

In other words, it’s how many ounces of gold can you get for your currency? Not what is your currency worth in gold, it’s the other way around. And if you measure things in ounces of gold, which is the barometer, which is the stability, then all of a sudden you see the truth. But it’s measuring it against currencies that are continuously devaluing through inflation and through money creation. And in particular, every currency around the world for years has devalued their currency against ours, not only to make manufacturing more competitive to sell to us, but because the dollar was the world reserve currency and they couldn’t get enough dollars just simply through trade alone.

So they had to buy dollars in the open market by selling their currency, which devalues their currency value against our currency. Our currency goes up against theirs so they can buy oil, transact business. And so it’s been a faulty measuring stick. Why measure the value of your currency against a basket of horse crap currencies that are continually, continuously devaluing against yours? No, measure it against gold and you see the light very quickly. You see the truth. And that’s what these nations are doing happening. And they, well, they’ve been suppressing it for so long. It just, they’re not doing for that reason to mask it, to mask and to accumulate.

Now that accumulated. It’s like, okay, let’s let the floodgates open. We’re ready to deal with the reset of the dollar. That’s. This is an indicator that there’s something is happening. I, they’re ready to do a reset of some sort. The prices are going up, they’re making killing. I also think it’s why we’re seeing so much stupid crap in media that. And nobody’s talking about all these important issues. It’s like, how really are we really this dumb in American. It’s outperformed everything. It’s up 110% this year. So, you know, yeah, we are. We are it. And, and the memes and the stupidity, it’s.

Whenever you’re this much distracted, you got to question what’s really happening. Well, and it is. And this is why so few people ever succeed in investing and in getting ahead because they follow the herd. It takes a lot of effort to, at the end of the day, listen to you and I for an hour and talk about this stuff. And it’s much easier just to give the responsibility to your financial advisor. And this is not all financial advisors, but I would argue many of them learn more and more about less and less until they know everything about nothing.

They Focus singularly on one way of achieving retirement through mutual funds and stock certificates and bond issuance and. And for the last 50 years, that’s worked. But here you have a 60, 40 platform that Wall Street’s used for 50 years. 60 stock 40 bonds and retire happily. Well, the chief investment officer of Morgan Stanley says that model’s dead. Sell half your bonds, buy gold. The lead analyst at bank of America, Michael Hartnett, says make it 25% gold. And Jeffrey Gundlach, the bond king who’s made his living selling bonds, the antithesis of gold, gold, because it pays interest, says 25% allocation to metals is undervalued.

So you have the biggest money on the planet. And not only the central banks and the commercial banks and the sovereign wealth funds gobbling it up, you have the most sophisticated traders in North America standing for delivery on billions and billions and billions and billions and billions and billions every single month. Real quick, just to make that point, just in the first 12 days of the contract for December, which went off the board the day after Thanksgiving, and that was the night where they shut the market down for 11 hours because it overheated. Supposedly none of the other thousand commodities servers overheated that are traded on Comex, just gold and silver as it was going off the board.

But through day 12, deliveries have reached 58 million ounces of silver and 2.85 million ounces of gold, with contracts still being added daily. Who’s got the kind of money to buy 58 million ounces of silver in the first 12 days of this month? Think about that for a second. Who’s got the money to buy 3 million ounces of gold? Think about that for a minute. You’re talking billions upon billions upon billions upon billions. So you have the biggest money in the world standing for delivery here in the United States, draining the lbma. And now you have the Wall street talking heads that are talking to the institutionals, right? They’re not talking to you and me.

Jeffrey Gundlau Block is not talking to you and me. The chief investment officer of Morgan Stanley is not talking to you. You and I and Michael Hartnett’s newsletter, the lead analyst for bank of America is in the thousands of dollars, he’s talking to the institutional traders and he’s saying 25. So you know, it’s changing. Yep, it’s changing. The world is changing. We’re going to see a lot of this coming down. We’re seeing it now, but we’re gonna. I’m telling you, I think that I just feel there’s something we, it’s been for a while, we’ve sensed it for a long time.

I just think it’s, it’s coming. 2026 is going to be one last thing I want to bring up to you. Have you and I have talked about the theory that maybe Trump is out to get the European Central bank, commercial banks and central banks about. He believes they were involved in the, the color revolution and the election interference. So I’ve talked, so I’ve talked a lot about how I, it makes sense the things that he’s talking about. One of the big ones is the genius act, which is taking money creation away from the Federal Reserve. And if you think about who’s behind the Federal Reserve, they’re the old European banks.

If he issues stablecoins when money moves, backed by US Treasuries and dollars, in essence, he’s giving creation of money back to the Treasury. A lot of people think that’s what got Kennedy killed. But a lot of the things that I’ve talked about on your show are, are, you know, draining the lbma, saying it’s about tariffs. It wasn’t about tariffs, it was reshoring. And now the LBMA is wickedly short and has this huge problem where they have 2 million ounces of paper deliverable contracts with 140 million ounce float. Well, something I just read the net short exposure for the five big US Banks that have been involved in suppressing the price.

They slash them over the past couple of months from 29,000 short contracts to just 6,700 short contracts that they cut 22,000 contracts short contracts that the US banks have. And in essence, they have been actively covering their silver shorts since July and through November and December. Maybe this is what all the deliveries are about. So the US Banks right now are largely, if not entirely out of the silver short position, leaving the foreign banks and other foreign commercial banks with most of the remaining exposure. You want to talk about how they could blow up the whole European system if one of these banks has a delivery failure that starts to really gather steam.

And all of the European banks are tied together systemically and the bank of England is where it’s all held. And the bank of England at the LBMA is way rehypothecated, meaning selling those 140 million ounces so many times that you have 2 billion ounces of contracts that could stand for delivery. It’s an interesting theory to think, is he really doing this? That’s where Martin Armstrong’s AI program does make sense. It’s it’s, he follows where all the money, the money flows in and out of every country and all these, all the different economic flows. And he’s saying January, February, February, it’s going to start blowing up in the EU.

He says the EU is not going to survive through 2030 based on the financial exits of, of money and that they want war so bad it’s not even funny. They threatened to dump $2.4 trillion of dollars on Trump. There’s a lot more. It’s almost a complete blackout, that threat. Although the Indian Financial Times, their largest financial time, their largest financial reporters, you know, mag or newspaper reported on it and other big players around the world reported on it. But it’s a complete blackout in the United States that, that happened. I think there’s going to be a lot of things happening in the eu.

I think the EU is going to die and I think war is going to explode in that region. Yeah, let’s hope not. But, but it wouldn’t surprise me, all these things, you put them all together. Martin Armstrong is a, is an awesome, smart man and I know you’ve had him on your show a few times. I have too, and what a genius. But yeah, I mean, it points to, it, it points to the fact that the US that Trump and the old, the old guard, they’re battling against each other. And Tom Luongo is the one who opened my eyes to this and his theory is that it was that Trump believes that they were involved in election interference in the color revolution to keep him out of office.

And he’s getting back. They were, but I don’t think it’s that that’s necessarily causing it because this global factions, these global factions have been duking it out and the new guard want to take over the old guard. And this is. They. Yes. If you take money creation away from the Federal Reserve, that’s exactly what you’re doing. And that is what he appears to be doing with the passage of the genius act. Right. And that is something that is at the highest level of, you better watch your back, God, I say a prayer for him. Because God, God forbid.

But that, that is, you’re messing with, with the very, very top of the food chain at that point. So, you know, the system needs to be reset. It does. And we need to get away from the, that have been controlling it for. Yes. On every level. Pretty interesting what’s happening right now. And it is, it’s a blackout in the US Media, which is really weird. Weird. Most of my information I get from scouring search engines and websites that are not in the United States, you get a far better realistic appraisal of what. Just what is happening.

Well, geez. Okay, so people can go to sarahwestel.com Miles Franklin, fill out that form. They’ll get the best prices in the country and the best services. But even more important, they can trust you. You. Yes, they can. And we take that very seriously. Your. Your recommendation means the world to us, Sarah, and. And certainly do appreciate that. Make sure they request the price list, no obligation for doing so, and call us with any questions. Relationships matter, especially in the world we’re heading into. And we’re. We. We excel in that. So, wanted to wish you Happy holidays, Merry Christmas, Happy Healthy New Year.

I know you’re going to be doing some traveling and. And I’m kind of. Of locking it down to the end of the year. I can’t wait to pick back up with you after the New year and. And, you know, talk about what’s going on and what happened the year that was and the year that will be. And I’m sure there’ll be a ton to talk about, and I can’t think of anyone I’d rather ride shotgun with than you. So, as always, thank you for having me. And I look forward to picking up with you where we left off.

But all the best, you and your family. Family. Thanks, Andy. Same to you, Sam.
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