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Speaker 1: President Trump is continuing to move forward with tariffs. Why

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Speaker 1: he's wanting to put the American workers first. The White

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Speaker 1: House putting the world on notice with new threats, tariffs

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Speaker 1: that are targeting our allies, the European Union, Canada, and Mexico.

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Speaker 1: The White House unveiling a fifty percent tariff, for example,

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Speaker 1: against Brazil. Now, of course, the left is freaking out

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Speaker 1: over Donald Trump and what he's doing, which is exactly

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Speaker 1: why I want to explain it to you so you

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Speaker 1: understand what's really going on. And the White House decided

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Speaker 1: it was important to send out asset to the media

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Speaker 1: to talk about what these tariffs mean and what they

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Speaker 1: can expect moving forward. Take a listen to the White

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Speaker 1: House's strategy on ABC.

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Speaker 2: Well.

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Speaker 3: As you know, a lot of economists say that the

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Speaker 3: inflation will be coming, and that there was there were

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Speaker 3: certainly a lot of exports that were I mean imports

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Speaker 3: that were brought in in the anticipation the tariffs would

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Speaker 3: be placed. But let me let me ask you about

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Speaker 3: one new set of terror city announced on Brazil. Fifty

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Speaker 3: percent new tariff on Brazil. Brazil had a six point

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Speaker 3: eight billion dollar surplus last year. In fact, the US

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Speaker 3: hasn't had a trade deficit with Brazil since two thousand

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Speaker 3: and seven, I mean almost two decades, So why why

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Speaker 3: why are we putting a punishing fifty percent tariff on Brazil.

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Speaker 4: Well, bottom line is the President has been very frustrated

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Speaker 4: with negotiations with Brazil and also with the actions of

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Speaker 4: Brazil in the end, though you know, we're trying to

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Speaker 4: put America first. I think that a lot of people

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Speaker 4: when I'm talking to negotiators from other countries, at some

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Speaker 4: point they'll say, what.

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Speaker 2: Did we do wrong?

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Speaker 4: And what I'm trying to get. The message we're all

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Speaker 4: tried to get across is this is about America getting

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Speaker 4: yourself ready for the Golden Age, by getting our house

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Speaker 4: at order, by getting our tariff and trade policy and

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Speaker 4: tax policy exactly where it needs to be for a

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Speaker 4: Golden Age. And normally it's not necessarily about a specific country,

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Speaker 4: but with Brazil it is. Actions have shocked the President

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Speaker 4: at times, and he's made none clear about that.

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Speaker 3: But I don't understand how you're saying it's about America,

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Speaker 3: because the President has made it quite clear that what

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Speaker 3: he's upset about is how the Brazilian Supreme Court has

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Speaker 3: handled the criminal case involving former President Balsonaro.

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Speaker 4: I mean with you, what I'm saying is that what

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Speaker 4: I've been saying with most countries was that it's really

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Speaker 4: about us getting the tariff's in order. And I think

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Speaker 4: that this teriff for Brazil is a lot higher because

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Speaker 4: of the President's frustration with Balsonaro and the fact that

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Speaker 4: Bolsonnaro himself, you know.

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Speaker 3: Anyway, but can you explain to me because I find

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Speaker 3: it confusing here on what authority does the president?

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Speaker 5: By the way, can we just pause? Isn't it amazing

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Speaker 5: how ABC News is.

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Speaker 1: Like, well, I find it a bit confusing that the

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Speaker 1: president United States of America is doing what the President

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Speaker 1: of the United States of America said he was going

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Speaker 1: to do. And then they're like, well, hold on, Brazil

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Speaker 1: is this and is it really about tariffs or is

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Speaker 1: it about that? And we were finding this very confusing,

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Speaker 1: and we feel like it shouldn't be so confusing that

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Speaker 1: the president of the United States of America again is

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Speaker 1: doing exactly what he said he was going to do.

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Speaker 5: It shouldn't be confusing at all.

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Speaker 1: In fact, it should seem completely normal that the president

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Speaker 1: United States of America is doing exactly what the President

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Speaker 1: of United States of America.

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Speaker 5: Said he was going to do.

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Speaker 1: And yet they're always acting like they're completely dumbfounded that

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Speaker 1: they're just in like complete shock and all that the

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Speaker 1: President of the United States of America, Donald Trump is

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Speaker 1: doing exactly what the President United States of America said

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Speaker 1: he was going to do. Like if there's anything that

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Speaker 1: shouldn't be surprising to the media, especially in this second term,

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Speaker 1: is that the president says what he's going to do

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Speaker 1: and he's not messing around. He's made it clear to

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Speaker 1: our allies. You got a timeframe to get a deal done,

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Speaker 1: come to the table, get a deal done. You decide

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Speaker 1: not to get a deal done, that's on you. It's

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Speaker 1: not going to be good. It's gonna be bad. You

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Speaker 1: choose what you want to do. Do you want to

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Speaker 1: get a deal done or do you not want to

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Speaker 1: get a deal done? Like it's just that simple. What

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Speaker 1: is it that you want to do? And even if

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Speaker 1: you are an ally of the United States of America

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Speaker 1: and you've been taking advantage of us. I went on

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Speaker 1: TV other day in Australia on on Channel seven, and

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Speaker 1: I also do this the other day on Good Morning Britain.

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Speaker 5: In the UK, and they're.

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Speaker 1: Like acting like what Donald Trump is doing is so shocking.

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Speaker 1: And what I said was over and over again was

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Speaker 1: the same thing. Guys, This is not complicated. The President

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Speaker 1: of the United States of America told you that he meant business.

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Speaker 1: He said that he'd been taking advantage of for far

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Speaker 1: too long, that Americans have been taking advantage of and

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Speaker 1: you guys have been taking avanage.

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Speaker 5: So we're gonna fix it.

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Speaker 1: We're gonna go in the opposite direction and we're gonna

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Speaker 1: get a better trade deal. We're gonna get a fair

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Speaker 1: trade deal. Like the President has been very very very

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Speaker 1: very clear on that. And so to think or imply

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Speaker 1: that it's gonna be any different, your dumb. He is

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Speaker 1: shown very clearly over and over again he's not messing around.

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Speaker 1: He's shown that this is what he means, this is

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Speaker 1: what he believes, this is what he's going to do.

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Speaker 5: There's no great area here.

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Speaker 1: And if you don't believe him, including if you're an ally,

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Speaker 1: then it's gonna cost you more money. So you better

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Speaker 1: get a better deal like that. That's what they've been

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Speaker 1: saying over and over and over and over again. Like

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Speaker 1: you're like, you're gonna get a better deal if you.

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Speaker 5: Come to the table and get a deal done. Now,

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Speaker 5: he wants a fair deal.

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Speaker 1: He doesn't want us to be taking advantage of He

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Speaker 1: wants us to be a fair deal. That's all he's

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Speaker 1: asked for from the very beginning.

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Speaker 5: Like, that's it. He just wants a fair deal. That's it.

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Speaker 1: Like that, that's the whole game, folks, Like that's everything,

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Speaker 1: that's the whole kit and kaboodle.

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Speaker 5: He wants a fair deal. You don't give him a

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Speaker 5: fair deal.

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Speaker 1: We're now in the situation and you can hear ABC like, well,

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Speaker 1: we just can't understand it.

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Speaker 5: We just don't understand. How is this possible keep listening

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Speaker 5: and have.

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Speaker 3: To impost tariffs on a country because he doesn't like

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Speaker 3: what that country's judicial system is handling a specific case.

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Speaker 4: Well, I mean, how is that a national defense emergency?

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Speaker 4: Or if he thinks of a national security threat that

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Speaker 4: he has the authority under a eput.

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Speaker 3: So how is it a national security threat that you know,

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Speaker 3: how Brazil is handling the criminal case against this former president.

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Speaker 2: Well that's not the only thing.

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Speaker 4: That's not the only thing.

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Speaker 3: I mean, So what is it? I mean, I've asked

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Speaker 3: what it is? I mean, it seems that that's what

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Speaker 3: President Trump's talking about. He's talking about his anger and

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Speaker 3: his frustration. He's been quite candid about it, with a

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Speaker 3: bolsnarrow case.

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Speaker 2: Right.

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Speaker 4: Well, the bottom line is that what we're doing, absolutely

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Speaker 4: collectively across every country is we're on shoring production in

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Speaker 4: the US to reduce the national emergency that is that

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Speaker 4: we have a massive trade deficit. This putting it at

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Speaker 4: risks should we need a production in the US because

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Speaker 4: of a national security crisis, And this is part of

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Speaker 4: an overall strategy to do that.

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Speaker 3: But again, as we've just established, we have a trade

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Speaker 3: surplus with Brazil, non a deficit, and we've had a

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Speaker 3: surplus with Brazil for eighteen years.

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Speaker 4: If you look at an overall strategy, if you don't

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Speaker 4: have an overall strategy for this, then they'll be tramshipping

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Speaker 4: at everything else and you won't achieve your objectives.

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Speaker 1: Again, they can badger as much as they want, and

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Speaker 1: that's exactly what the media is going to do every

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Speaker 1: time they want to find a reason why, they can.

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Speaker 5: Say this is a disaster, that this is unfair.

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Speaker 1: Notice ABC News there is literally acting like they are

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Speaker 1: on behalf talking on behalf of the Brazilian government. Like

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Speaker 1: they're not on the side of the United States of America,

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Speaker 1: they are clearly on the side of any other country.

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Speaker 1: They want Donald Trump to be a failure, They want

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Speaker 1: Donald Trump to lose. They want Donald Trump to be

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Speaker 1: blamed for everything that happens. It's possibly in any capacity.

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Speaker 1: Looks negative and apparently like they're not going to stop.

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Speaker 1: Folks like they're going to keep going anytime they can

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Speaker 1: blame Trump for anything. They are going to blame him

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Speaker 1: for anything. Every single time. I got to ask you

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Speaker 1: a question, are you one of those that's just so

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Speaker 1: there are certain bills that you pay every month that

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Speaker 1: back to organizations that support your First and your Second

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Speaker 1: stand with our military are first responders and so many

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Speaker 1: about is your cell phone bill. And I've been telling

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Speaker 5: Now let's just go back.

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Speaker 1: To another aspect outside of what we're seeing with Brazil,

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Speaker 1: and that deals with the issue of copper. The Presence

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Speaker 1: made it clear that we are way too dependent on

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Speaker 1: foreign countries and it puts our national security at risk

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Speaker 1: on certain types of minerals and metals.

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Speaker 5: Et cetera.

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Speaker 1: And this was part of the back and forth on

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Speaker 1: the President talking about these new things, these utiffs. Now,

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Speaker 1: I think the present's very smart and the way that

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Speaker 1: he is handling this so far.

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Speaker 5: It's been a success.

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Speaker 1: Take a listen to what was said again on ABC.

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Speaker 1: Of course they're saying it's the worst thing in the world.

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Speaker 3: Let me ask you about the fifty percent tariff that

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Speaker 3: the President has imposed on copper imports. Copper, of course,

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Speaker 3: is a widely used in construction, industrial manufacturing, cars, mobile phones,

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Speaker 3: and the like. This is what the Wall Street Journal

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Speaker 3: had to say about these tariffs. Mister Trump is going

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Speaker 3: to make US firms pay fifty percent more for a

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Speaker 3: vital metal while they wait five or more years for

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Speaker 3: US sourcing. How does making it more expensive to build aircraft,

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Speaker 3: ships and ammunition promote national security? This is national's insecurity.

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Speaker 3: What's your response to the Wall Street Journal?

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Speaker 2: Right?

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Speaker 4: The bottom line is that if there is a type

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Speaker 4: of war, then we need to have the metals that

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Speaker 4: we need to produce American weapons, and copper is a

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Speaker 4: key component in many American weapons sets. And so as

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Speaker 4: we look forward to the threats that America faces, the

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Speaker 4: President decided that we have plenty of copper in the US,

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Speaker 4: but not enough copper production. That's why he's taken a

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Speaker 4: strong step.

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Speaker 3: But are you concerned about the effect of higher copper

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Speaker 3: prices before American manufacturing can get up to speed.

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Speaker 4: The fact is that that effect that you're just discussing

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Speaker 4: is something that you mentioned. That economist said, we're going

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Speaker 4: to be coming all year these effects and inflation is

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Speaker 4: way way down In fact, inflation in the US is

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Speaker 4: right about the same level as it is in Europe. Okay,

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Speaker 4: And so the tariffs have worked the way that we

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Speaker 4: said it, So I guess the expectation would be that

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Speaker 4: the countries and the people that are dumping into the

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Speaker 4: US would bear most of this tariff.

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Speaker 1: Again, you're dealing with the president who has said he

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Speaker 1: is going to continue to put Americans first. We're going

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Speaker 1: to put Americans first, no matter what, American workers first,

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Speaker 1: national security first.

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Speaker 5: That is what we are going to do.

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Speaker 1: And I absolutely love the fact that you've got a

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Speaker 1: president that's willing to make these really, really tough decisions.

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Speaker 5: And that's what it is.

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Speaker 1: The Present's willing to make a decision that is tough,

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Speaker 1: knowing that he has the backing and the support of

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Speaker 1: the American people. He's also willing to do things that

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Speaker 1: many other presents were not willing to do. They what

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Speaker 1: they really want to do is just kick it the

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Speaker 1: can down the road. There are these third rail issues

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Speaker 1: that it's described, and what are third rail issues? There

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Speaker 1: are issues that people say, hey, just don't go there,

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Speaker 1: don't touch it. The upside is not worth the pain

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Speaker 1: on the front end. So just don't do it. Whatever

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Speaker 1: you do, look the other way and just move on

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Speaker 1: past it. Don't reform real things. Kick the can. Let

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Speaker 1: that be somebody else's problem, right, I just let it

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Speaker 1: be someone else's issue.

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Speaker 5: And what the President ran on.

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Speaker 1: And what he said was is I'm not going to

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Speaker 1: kick the can on any of these things. I'm not

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Speaker 1: going to sit there and say we'll let somebody l

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Speaker 1: deal with it. That's not what we do here. We

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Speaker 1: are going to immediately get involved. We're going to immediately

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Speaker 1: stand up. We're going to immediately change and correct how

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Speaker 1: we are doing things. And we feel good about it

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Speaker 1: because the American people understand it, and it's a national

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Speaker 1: security issue. As you just heard, the President believes that

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Speaker 1: he's going to do it.

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Speaker 5: But there this also goes back to the core issue.

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Speaker 1: There are unfortunately far too many countries, for far too

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Speaker 1: long they were able to put tariffs on America and

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Speaker 1: hurt America while helping themselves tremendously. And the President said,

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Speaker 1: I'm not going to let you take advantage of us anymore.

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Speaker 1: It's that simple. I'm not going to let you take

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Speaker 1: advantage of us. That's an American first policy. That is

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Speaker 1: a policy that we should all be so proud of

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Speaker 1: that is a let's see that we should all be

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Speaker 1: so happy that we have a president's.

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Speaker 5: Going to do it.

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Speaker 1: And yes, there is going to be moments in the

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Speaker 1: market that are going to move in the opposite direction.

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Speaker 1: And by the way, we're going to talk about that

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Speaker 1: coming up in a moment, because this is a real

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Speaker 1: issue when it comes to the markets. And and we

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Speaker 1: have seen if you stayed in the markets right that

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Speaker 1: what was the saying that, like, you only lose if

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Speaker 1: you sell? And what happened when when all of these

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Speaker 1: tears are announced and the market took a huge dump,

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Speaker 1: what happened afterwards?

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Speaker 5: Pretty quickly afterwards.

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Speaker 1: The markets came roaring back and people made a lot

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Speaker 1: of money. By the way, I'm one of them. I

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Speaker 1: doubled down. I knew the president was going to do it.

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Speaker 1: I knew what he meant. I saw the market drop

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Speaker 1: on a lot of things. I took advantage of it

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Speaker 1: and invested because I knew that the president was going

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Speaker 1: to win.

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Speaker 5: And so I was very happy, very very happy that.

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Speaker 1: We have a present that not only does what he

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Speaker 1: says he was going to do, and it isn't going

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Speaker 1: to lie about it and tells you the truth, and

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Speaker 1: he's like, we're going to do this, like this is

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Speaker 1: what we are going to do, and he wasn't willing

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Speaker 1: to compromise on like that. Isn't that the best part

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Speaker 1: of all, Isn't that exactly what we should want? Is

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Speaker 1: the president that says they're so I'm gonna do and

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Speaker 1: I'm not going to back down, and I'm gonna stand

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Speaker 1: up for the American worker and I'm gonna keep going.

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Speaker 1: And a lot of people, by the way, these tariffs,

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Speaker 1: they've not been paying attention to what's going on. They

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Speaker 1: haven't been I go back to what happened a year ago,

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Speaker 1: and one year ago it's the assassination attempt anniversary of

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Speaker 1: Donald Trump in Butler, Pennsylvania, and I think it was

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Speaker 1: pretty clear then God saved Donald Trump's life to do

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Speaker 1: exactly what he's doing now. I think God is using

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Speaker 1: Trump to lead our country back to greatness. And I

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Speaker 1: think to lead us back to greatness, there's gonna be

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Speaker 1: some really tough choices and tough fights they are.

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Speaker 5: Going to have to happen.

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Speaker 1: But when you look at this one year anniversary of

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Speaker 1: Donald Trump, if you want to know how he's gonna

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Speaker 1: run this White House and what he's gonna do. He doesn't.

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Speaker 1: He understands. I think that God saved his life. I

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Speaker 1: think it's really a big difference between the forty fifth

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Speaker 1: president and the forty seventh president is there's a different

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Speaker 1: level of commitment now from this president to do tough

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Speaker 1: things because he understands that God saved his life. There

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Speaker 1: are so many around him that credit God for saving

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Speaker 1: the President. Then House Speaker Mike Johnson, by the way,

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Speaker 1: Majority Leader John Thune, and a slew of other leaders

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Speaker 1: in the Republican Party took the ex literally today to

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Speaker 1: remember this weekend, July thirteenth, and the role they believe

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Speaker 1: God played that day. Speaker Johnson said, one year ago today,

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Speaker 1: God miraculous. He spared the life of President Trump. He's

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Speaker 1: using him to lead our country back to greatness. He's

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Speaker 1: absolutely right. He shared the video of the moment Trump

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Speaker 1: was struck in the ear and the moment after in

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Speaker 1: which he pumped his fist to finally with that bloody face.

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Speaker 5: The Senate Leader.

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Speaker 1: John Thune, one year ago today, think to the grace

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Speaker 1: of God, President Trump survived in assassination. Attended Butler, Pennsylvania

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Speaker 1: on the Somber Anniversary, saying for peace in our nation,

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Speaker 1: around the world and for the loved ones, uh, he says.

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Speaker 5: And by the way, I couldn't agree with him more.

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Speaker 1: You look at one year and what this president's done

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Speaker 1: last year. You want to know he's fighting for He's

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Speaker 1: fighting for the American people.

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Speaker 5: That's what he's doing.

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Speaker 1: He is fighting for the for the forgotten men and

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Speaker 1: women who our government has been screwing for so long.

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Speaker 1: He's also fighting against people around the world. Vladimir Putiney

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Speaker 1: was ound about Ladimir Putin before he got an Air

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Speaker 1: Force one and injers Air Force Base.

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Speaker 5: Well, what he had to say about what's going on

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Speaker 5: with Putin in Ukraine.

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Speaker 2: You're going to be announcing us tomorrow.

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Speaker 5: Look at it and see what we will see tomorrow.

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Speaker 3: Okay, And we have the Secretary of General.

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Speaker 5: As you know, Europe has announced sanctions. But I am

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Speaker 5: very disappointed with President Putin that I thought he was somebody.

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Speaker 1: That meant what he said, and he'll talk so beautifully

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Speaker 1: and then he'll bomb people at night.

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Speaker 5: We don't like that. We don't like that.

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Speaker 1: So you're now talking about a president who's going to

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Speaker 1: do apparently what other presidents have not done. You gave

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Speaker 1: Vladimir Puttin a chance to go for peace. You try

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Speaker 1: to put it together Vladimir Putin, Unfortunately he's talking about

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Speaker 1: both sides of his mouth. The President's like, all right, well,

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Speaker 1: then there's gonna be consequences for that, and here's what

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Speaker 1: we're gonna do moving forward. And this is just the

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Speaker 1: way it's gonna be. And they're like, well, what are

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Speaker 1: you gonna do today? Right, what's gonna happen today. He's

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Speaker 1: made it very clear what he's gonna do. He's not

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Speaker 1: messing around the White House coming out fifty percent tariffs

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Speaker 1: on copper imports. Trum has decided that it's time for

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Speaker 1: us to protect ourselves on a national security front.

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Speaker 5: He's not messing around.

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Speaker 1: We're looking at other tariffs with allies, the EU, Canada, etc.

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Speaker 1: We're gonna chat about what that means for the markets

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Speaker 1: as well, because that is.

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Speaker 5: Something that's gonna affect all of us.

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Speaker 1: A good friend of mine, Kurt Elliott with Kurt Elliott

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Speaker 1: Precious Metals, is joining me now, and Kurt, I one,

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Speaker 1: I appreciate you coming on, and I've got a lot

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Speaker 1: of questions I want to ask you tonight, Let's start

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Speaker 1: with the tariffs. First off, the copper tariffs that we're

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Speaker 1: hearing about that are at fifty percent, that's that can

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Speaker 1: obviously have.

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Speaker 5: A significant impact of the market.

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Speaker 1: What is all of this tariff talk doing when it

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Speaker 1: comes to the markets, and specifically you you deal with

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Speaker 1: precious metals gold and silver. We just saw a couple

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Speaker 1: of days ago headline that gold had reached an all

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Speaker 1: time you high, three thousand ounces. Since that headline came out,

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Speaker 1: it's up to three three hundred and change, and yet

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Speaker 1: silver still seems to be at thirty eight dollars announced

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Speaker 1: an amazing deal compared to where gold is. But yet

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Speaker 1: gold keeps going up and now silver is moving as well.

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Speaker 6: For is actually dramatically outperforming gold, which in the recent

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Speaker 6: oh last month or so, and so that I mean

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Speaker 6: that is like the biggest untold story for investors who

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Speaker 6: want to protect and preserve and grow and thrive in

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Speaker 6: this markets of complete uncertainty.

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Speaker 1: When you talk about it exploding the way that it has,

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Speaker 1: what are the factors, Kurt, that have made this this

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Speaker 1: market explode worldwide? When it comes to gold, I mean,

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Speaker 1: I've never seen it thirty three one hundred an ounce.

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Speaker 1: You have it as we're sitting here. I literally have

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Speaker 1: a gold eagle in my hand. I have one in

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Speaker 1: my office that's from nineteen thirty three. And if you

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Speaker 1: bought it in thirty three, it did not cost three

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Speaker 1: three hundred dollars.

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Speaker 2: No, it didn't. It was twenty bucks. Right.

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Speaker 6: So, so way back in the day when when gold

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Speaker 6: and the dollar were convertible, you know, prior to you know,

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Speaker 6: everything changing getting us off the gold standard, Nipson closing

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Speaker 6: the gold window, you could go to the store or

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Speaker 6: the bank and give them one ounce of gold or

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Speaker 6: a twenty dollar bill. It was equal, right, So to

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Speaker 6: me as an economist, it's like, okay, what would that

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Speaker 6: buy you?

441
00:21:52,400 --> 00:21:54,560
Speaker 2: Right? You always have to look at the purchasing power.

442
00:21:54,960 --> 00:21:57,879
Speaker 6: Well, back then, one ounce of gold or a twenty

443
00:21:57,920 --> 00:22:01,200
Speaker 6: dollars bill would have bought you a fin tailored men's.

444
00:22:01,040 --> 00:22:03,800
Speaker 2: Suit, shirt, die of belt, and shoes. Right. So fast

445
00:22:03,840 --> 00:22:05,280
Speaker 2: forward to today, you.

446
00:22:05,200 --> 00:22:07,440
Speaker 6: Can't even go to Chick fil A for twenty bucks,

447
00:22:07,560 --> 00:22:10,320
Speaker 6: but ye one ounce of gold at thirty three hundred

448
00:22:10,440 --> 00:22:13,119
Speaker 6: still buys you finally tailored men's suit, shirt, tie.

449
00:22:13,000 --> 00:22:13,600
Speaker 2: Belt, and shoes.

450
00:22:13,920 --> 00:22:18,600
Speaker 6: See, precious metals actually maintain your purchasing power over time,

451
00:22:19,000 --> 00:22:24,120
Speaker 6: which to me is the perfect inflationary hedge when when

452
00:22:24,240 --> 00:22:26,640
Speaker 6: people are wondering, you know, all this talk about inflation

453
00:22:26,720 --> 00:22:30,080
Speaker 6: and boy to put families in America can't can't afford

454
00:22:30,119 --> 00:22:33,240
Speaker 6: to live and their their paycheck to paycheck. Well, if

455
00:22:33,280 --> 00:22:37,480
Speaker 6: you invest properly, at least you can overcome the inflationary

456
00:22:37,520 --> 00:22:42,040
Speaker 6: pressures where the dollar is collapsing, stocks aren't keeping up,

457
00:22:42,080 --> 00:22:45,280
Speaker 6: wages haven't been keeping up because of the past administration.

458
00:22:46,320 --> 00:22:48,439
Speaker 6: And so when we look at that, it's like, okay,

459
00:22:48,480 --> 00:22:51,440
Speaker 6: look at it as an insurance policy against a collapsing currency.

460
00:22:51,600 --> 00:22:55,800
Speaker 6: But in addition to that, you've got massive amounts of

461
00:22:55,960 --> 00:23:00,159
Speaker 6: growth and what we've seen already. Then to answer or

462
00:23:00,359 --> 00:23:03,280
Speaker 6: short little question, what you might long answer, sorry, is

463
00:23:03,920 --> 00:23:05,800
Speaker 6: everything that we ever buy.

464
00:23:05,760 --> 00:23:07,280
Speaker 2: Is a function of supplying demand.

465
00:23:07,640 --> 00:23:11,160
Speaker 6: Right, So, you've got central banks around the world which

466
00:23:11,160 --> 00:23:16,080
Speaker 6: are allocating not into hundreds, but thousands of tons of gold.

467
00:23:16,280 --> 00:23:18,040
Speaker 2: To be a backstop to their currency.

468
00:23:18,119 --> 00:23:21,560
Speaker 6: The world is changing, We're moving away from central banking

469
00:23:21,600 --> 00:23:25,360
Speaker 6: as we know it. And on the silver front, it's

470
00:23:25,400 --> 00:23:28,760
Speaker 6: not just a financial metal like gold. It's used for manufacturing,

471
00:23:28,800 --> 00:23:31,400
Speaker 6: it's used for stolar it's used.

472
00:23:31,240 --> 00:23:32,760
Speaker 2: For nuclear power.

473
00:23:32,800 --> 00:23:36,040
Speaker 6: It's used in the military industrial complex a ton. It's

474
00:23:36,160 --> 00:23:41,200
Speaker 6: used for battery technology, electric vehicles, all electronics, Like every

475
00:23:41,200 --> 00:23:44,440
Speaker 6: single flat screen TV you see it best buy, right, that's.

476
00:23:44,240 --> 00:23:45,119
Speaker 2: Got silver in it.

477
00:23:45,560 --> 00:23:49,600
Speaker 6: So that's a diminishing supply. When you have low supply

478
00:23:49,720 --> 00:23:53,119
Speaker 6: and high demand, well then prices go up. To me,

479
00:23:53,240 --> 00:23:54,440
Speaker 6: that's the bottom line.

480
00:23:54,840 --> 00:23:57,560
Speaker 1: When I look at the market right now, and look,

481
00:23:57,640 --> 00:23:59,640
Speaker 1: I was talking about this earlier. With all the tariffs,

482
00:23:59,680 --> 00:24:03,720
Speaker 1: there some real big opportunities for investors. I believe President

483
00:24:03,760 --> 00:24:06,280
Speaker 1: Trump when he said he was going to do the tariffs,

484
00:24:06,320 --> 00:24:10,199
Speaker 1: and I played it, thank goodness, pretty well and was

485
00:24:10,240 --> 00:24:14,040
Speaker 1: able to utilize, you know, my investment strategy to my advantage.

486
00:24:14,400 --> 00:24:16,800
Speaker 1: I also have been a big fan of gold and

487
00:24:16,840 --> 00:24:18,840
Speaker 1: silver for a long time. I have a fair amount

488
00:24:18,880 --> 00:24:22,760
Speaker 1: of gold, thank goodness, I do, and silver. But let's

489
00:24:22,800 --> 00:24:25,600
Speaker 1: talk about silver for a second. Silver is saying that's

490
00:24:25,640 --> 00:24:29,240
Speaker 1: being used in virtually every important thing that we're building.

491
00:24:30,240 --> 00:24:34,119
Speaker 1: It's in so many different things, and you've got the

492
00:24:34,200 --> 00:24:37,359
Speaker 1: list that it will explain it. And yet we've seen

493
00:24:37,400 --> 00:24:41,680
Speaker 1: the price stay relatively low right now, which is phenomenal

494
00:24:41,680 --> 00:24:43,840
Speaker 1: for people that are looking long term and protections.

495
00:24:44,400 --> 00:24:48,080
Speaker 6: It is and you know, a few years ago when

496
00:24:48,119 --> 00:24:52,000
Speaker 6: we started heavily allocating into silver as a firm, it

497
00:24:52,119 --> 00:24:55,960
Speaker 6: was in the upper teens, literally eighteen dollars an ounce.

498
00:24:56,359 --> 00:24:59,520
Speaker 6: So in just a three and a half years it's doubled.

499
00:25:00,080 --> 00:25:02,040
Speaker 6: But and that's a great investment, right in three and

500
00:25:02,080 --> 00:25:04,359
Speaker 6: a half years. To have anything double would be incredible.

501
00:25:04,720 --> 00:25:07,840
Speaker 6: But the best is still yet to come because of

502
00:25:07,920 --> 00:25:10,399
Speaker 6: the world that we're living in, the increasing demand, the

503
00:25:10,440 --> 00:25:15,359
Speaker 6: diminishing supply. I mean, you're seeing projections now from economists everybody,

504
00:25:15,400 --> 00:25:19,479
Speaker 6: from Goldman Sachs to people who follow the commodities markets,

505
00:25:19,480 --> 00:25:22,520
Speaker 6: to the trading desks around the world thinking silver could

506
00:25:22,560 --> 00:25:26,480
Speaker 6: be sixty to one hundred dollars nowns in the next

507
00:25:26,560 --> 00:25:30,080
Speaker 6: twelve months, all the way up into the mid one hundreds.

508
00:25:30,520 --> 00:25:31,560
Speaker 2: Well, when you.

509
00:25:31,480 --> 00:25:33,639
Speaker 6: Look at that, why it's not just a pie in

510
00:25:33,720 --> 00:25:39,160
Speaker 6: the sky projection. People in those worlds don't ever say

511
00:25:39,280 --> 00:25:41,880
Speaker 6: pie in the sky things. When you're working for one

512
00:25:41,880 --> 00:25:45,120
Speaker 6: of these big firms, it's simply because they know that the.

513
00:25:45,080 --> 00:25:45,800
Speaker 2: Demand is there.

514
00:25:45,840 --> 00:25:49,360
Speaker 6: And when you look at what some of the big

515
00:25:49,600 --> 00:25:54,080
Speaker 6: banks spend have they have massive short positions, and in fact,

516
00:25:54,680 --> 00:25:59,080
Speaker 6: they've been suppressing the price of silver for military industrial

517
00:25:59,119 --> 00:26:01,680
Speaker 6: complex for decades, literally for decades, and you have these

518
00:26:01,720 --> 00:26:04,840
Speaker 6: massive short positions, and so everybody listening, when you have

519
00:26:04,920 --> 00:26:08,600
Speaker 6: a short position, if the price goes up, you lose

520
00:26:08,680 --> 00:26:11,679
Speaker 6: money hand over fist. Right, Yes, you are betting the

521
00:26:11,720 --> 00:26:12,360
Speaker 6: price is going.

522
00:26:12,359 --> 00:26:12,840
Speaker 2: To go down.

523
00:26:13,280 --> 00:26:17,520
Speaker 6: So just one day, in one day last week, four

524
00:26:17,600 --> 00:26:21,000
Speaker 6: hundred and eighty three million ounces of silver were shorted

525
00:26:21,080 --> 00:26:25,480
Speaker 6: in one day. Perspective, Yeah, to put that into perspective,

526
00:26:26,200 --> 00:26:30,640
Speaker 6: that's fifty seven percent of all of the global mining

527
00:26:30,800 --> 00:26:34,840
Speaker 6: production in one year. And there is not enough silver

528
00:26:34,880 --> 00:26:38,040
Speaker 6: to cover those short positions. So what we're probably going

529
00:26:38,080 --> 00:26:40,960
Speaker 6: to see in pretty short order is a massive short squeeze,

530
00:26:41,040 --> 00:26:44,840
Speaker 6: which is why these economists are saying silver is actually

531
00:26:44,880 --> 00:26:45,600
Speaker 6: about to sort.

532
00:26:45,840 --> 00:26:47,800
Speaker 2: But what's that going to do to the banks.

533
00:26:48,119 --> 00:26:51,960
Speaker 6: They're going to lose money handover fist, and they're already

534
00:26:52,119 --> 00:26:52,879
Speaker 6: under capitalized.

535
00:26:52,920 --> 00:26:54,560
Speaker 2: Banks are already under capitalized in.

536
00:26:54,520 --> 00:26:58,280
Speaker 6: America because coming off of COVID in four years of

537
00:26:58,320 --> 00:27:01,760
Speaker 6: the Biden administration, where the economy was stinky and they

538
00:27:01,760 --> 00:27:04,400
Speaker 6: had travel restrictions and mass mandates and mom and pop

539
00:27:04,400 --> 00:27:06,120
Speaker 6: businesses were shutting down everywhere.

540
00:27:06,400 --> 00:27:08,080
Speaker 2: It's like, why do banks fail?

541
00:27:08,320 --> 00:27:11,680
Speaker 6: Banks fail simply because they have more withdrawals coming out

542
00:27:11,800 --> 00:27:14,119
Speaker 6: so people can live than deposits going in.

543
00:27:14,840 --> 00:27:16,840
Speaker 2: So that's why banks are failing.

544
00:27:16,920 --> 00:27:19,800
Speaker 6: That's why we saw Silicon Valley and first you know

545
00:27:19,880 --> 00:27:24,920
Speaker 6: Republican Credit, Swiss and silver Gate and Signature Bank collapse

546
00:27:24,960 --> 00:27:27,920
Speaker 6: a couple of years ago because they had more withdrawals

547
00:27:27,960 --> 00:27:31,240
Speaker 6: coming out than deposits going in. Well, this time, with

548
00:27:31,440 --> 00:27:36,640
Speaker 6: banks undercapitalized in having this massive short position, I think

549
00:27:36,680 --> 00:27:40,120
Speaker 6: we could see bigger bank failures than the regional bank

550
00:27:40,160 --> 00:27:41,840
Speaker 6: crisis that we saw a couple of years ago.

551
00:27:42,680 --> 00:27:45,800
Speaker 1: Final question for you, and this deals with people that

552
00:27:45,840 --> 00:27:49,520
Speaker 1: maybe are listening tonight and they say, okay, look, I

553
00:27:49,560 --> 00:27:50,560
Speaker 1: want to be diversified.

554
00:27:50,600 --> 00:27:54,000
Speaker 5: I want to have not all my egs in one basket.

555
00:27:54,000 --> 00:27:55,720
Speaker 1: There's a lot of I just go say what it

556
00:27:55,760 --> 00:27:58,320
Speaker 1: is scumbag comings out there that fear monger and they

557
00:27:58,359 --> 00:28:01,119
Speaker 1: take advantage of people, especially seniors. They put they put

558
00:28:01,160 --> 00:28:03,520
Speaker 1: all your money in gold and silver. You guys at

559
00:28:03,600 --> 00:28:06,280
Speaker 1: kirk Elliot Pressure Nels would never do that. You never

560
00:28:06,320 --> 00:28:10,520
Speaker 1: say that you're you're a faith based Christian company. That's

561
00:28:10,520 --> 00:28:12,960
Speaker 1: why I love you guys and having you on. But

562
00:28:13,160 --> 00:28:15,640
Speaker 1: when you look at this, what should people be looking.

563
00:28:15,400 --> 00:28:17,679
Speaker 5: At right now? Should they just say, let's take a

564
00:28:17,720 --> 00:28:18,840
Speaker 5: look and see what there is.

565
00:28:20,000 --> 00:28:23,440
Speaker 6: I would look at silver first and foremost. I think

566
00:28:23,440 --> 00:28:28,080
Speaker 6: it's the most undervalued asset on the planet right now

567
00:28:28,440 --> 00:28:31,439
Speaker 6: compared to everything that's going on, and everything that we

568
00:28:31,560 --> 00:28:36,400
Speaker 6: just talked about is very bullish for the precious metals complex. Now,

569
00:28:36,840 --> 00:28:39,440
Speaker 6: not all gold is good gold, not all silver is

570
00:28:39,440 --> 00:28:40,240
Speaker 6: good silver.

571
00:28:40,080 --> 00:28:41,720
Speaker 2: So be very very careful.

572
00:28:41,760 --> 00:28:45,160
Speaker 6: For example, you know you you explained it very well

573
00:28:45,280 --> 00:28:48,840
Speaker 6: just a second ago. You watch any conservative podcast all

574
00:28:48,880 --> 00:28:49,640
Speaker 6: over the country, you're.

575
00:28:49,520 --> 00:28:51,239
Speaker 2: Going to see a gold or silver commercial, right.

576
00:28:52,000 --> 00:28:56,480
Speaker 6: But a lot of these companies are putting people into collectibles.

577
00:28:56,480 --> 00:28:58,280
Speaker 2: There's some kind of a commemorative or it.

578
00:28:58,160 --> 00:29:00,680
Speaker 6: Has somebody's face on it we all know.

579
00:29:00,720 --> 00:29:02,280
Speaker 2: And love, and it's like, oh, this is going to

580
00:29:02,320 --> 00:29:04,760
Speaker 2: be great. No, this is the problem.

581
00:29:04,800 --> 00:29:07,280
Speaker 6: To me, I see these invoices from some of these

582
00:29:07,320 --> 00:29:12,800
Speaker 6: people that will never ever recover ever because when gold was,

583
00:29:13,080 --> 00:29:16,440
Speaker 6: when silver, sorry was in the twenty something dollars announce range,

584
00:29:16,480 --> 00:29:18,200
Speaker 6: I was looking at some of these, it's like people

585
00:29:18,200 --> 00:29:22,520
Speaker 6: were paying sixty seventy dollars an ounce. Well, nobody wants

586
00:29:22,680 --> 00:29:25,400
Speaker 6: those when it comes time to sell, except for the

587
00:29:25,440 --> 00:29:27,640
Speaker 6: company that was making a market for them.

588
00:29:28,000 --> 00:29:28,760
Speaker 2: If they were to.

589
00:29:28,680 --> 00:29:31,080
Speaker 6: Sell those back to a depository, they're going to get

590
00:29:31,080 --> 00:29:33,880
Speaker 6: melt value, which is less than spot price, because they're

591
00:29:33,880 --> 00:29:35,520
Speaker 6: just going to take those things and melt them into

592
00:29:35,560 --> 00:29:39,160
Speaker 6: a coiner of bar Right. So here's where you should

593
00:29:39,160 --> 00:29:41,400
Speaker 6: have been able to get silver for about thirty dollars

594
00:29:41,400 --> 00:29:45,480
Speaker 6: an ounce. When it gets up to seventy dollars an ounce,

595
00:29:46,160 --> 00:29:48,440
Speaker 6: all of our clients that bought bullion will have more

596
00:29:48,480 --> 00:29:52,480
Speaker 6: than doubled their investment, literally doubled. If you paid seventy

597
00:29:52,560 --> 00:29:56,480
Speaker 6: dollars an ounce back, then you're only breaking even. You're

598
00:29:56,520 --> 00:29:59,480
Speaker 6: only breaking even when silver hit seventy. I mean, that's

599
00:29:59,800 --> 00:30:01,640
Speaker 6: the disaster to me, and it makes me sick to

600
00:30:01,680 --> 00:30:02,240
Speaker 6: my stomach.

601
00:30:02,720 --> 00:30:05,440
Speaker 5: I want you guys to go visit the website. They

602
00:30:05,480 --> 00:30:06,120
Speaker 5: do great work.

603
00:30:06,240 --> 00:30:10,560
Speaker 1: K e PM dot com slash ben that's k e

604
00:30:11,240 --> 00:30:14,400
Speaker 1: p M dot com slash ben. You can find out

605
00:30:14,440 --> 00:30:17,000
Speaker 1: more about Kurt Elliott Precious Metals. Kurt, I appreciate you

606
00:30:17,040 --> 00:30:19,080
Speaker 1: coming on. We'll have you back on time to time.

607
00:30:19,120 --> 00:30:20,640
Speaker 1: But if you want to come, you can get great

608
00:30:20,640 --> 00:30:23,240
Speaker 1: intel from great info that.

609
00:30:23,280 --> 00:30:24,440
Speaker 5: Does exactly just said.

610
00:30:24,760 --> 00:30:29,760
Speaker 1: Go to k e PM dot com slash ben k

611
00:30:29,800 --> 00:30:33,080
Speaker 1: E p m dot com slash Ben Kurt always a pleasure.

612
00:30:33,200 --> 00:30:34,880
Speaker 5: Don't forget Share this podcast.

613
00:30:34,920 --> 00:30:38,080
Speaker 1: Please with your family and your friends where whoever they are,

614
00:30:38,600 --> 00:30:40,920
Speaker 1: and I will see you back here tomorrow