WEBVTT - How This Big Tech Race Is Changing Our Economy 0:00:00.200 --> 0:00:03.640 Throughout history, the introduction of new technologies has had a 0:00:03.840 --> 0:00:07.360 massive impact on our economy because it displaces jobs, it 0:00:07.400 --> 0:00:11.440 creates new jobs, or significantly alters the ones that already exist. 0:00:11.680 --> 0:00:14.520 But the difference this time around there's a lot more 0:00:14.560 --> 0:00:18.480 at stake, from energy transitions to solar electric vehicles and 0:00:18.520 --> 0:00:22.560 now the explosion of AI. Technological changes are happening at 0:00:22.640 --> 0:00:26.840 lightning speed. And as you know, with every revolution comes opportunity. Now, 0:00:26.840 --> 0:00:29.479 in the early stages, it's hard to know who the 0:00:29.480 --> 0:00:31.800 winners will be. But what if there was a way 0:00:31.880 --> 0:00:34.760 that we could profit from this trend regardless of which 0:00:34.800 --> 0:00:37.760 companies win this new tech race. So in this video, 0:00:37.800 --> 0:00:40.040 I'm going to break down how the tech race is 0:00:40.159 --> 0:00:43.440 changing the world, the opportunities for us to join the race, 0:00:43.840 --> 0:00:47.040 and how to safely position our investments in a win 0:00:47.120 --> 0:00:49.239 win scenario. Now, for those of you who don't know 0:00:49.280 --> 0:00:51.159 who I am, my name is Mark Moss. I've been 0:00:51.200 --> 0:00:53.400 in the tech space for over two decades now. I 0:00:53.479 --> 0:00:56.960 launched my first internet business in nineteen ninety nine, before 0:00:57.000 --> 0:00:59.680 the dot com revolution. Now since then, I've been involved 0:00:59.680 --> 0:01:01.680 in tech. I've had a fortune five hundred exit from 0:01:01.680 --> 0:01:03.640 tech companies. I've also been speaking at some of the 0:01:03.640 --> 0:01:07.080 biggest tech conferences in the world talking about a fifty 0:01:07.160 --> 0:01:10.759 year technological revolution cycle and how it changes the world. 0:01:11.000 --> 0:01:15.360 So let's dig in. All right, So technological revolutions, what 0:01:15.400 --> 0:01:16.880 the heck is it? Now? If you've been watching me 0:01:17.000 --> 0:01:19.119 for any period of time or seeing me speaking on stages, 0:01:19.120 --> 0:01:20.920 of course you've already heard me talking about it. So 0:01:20.959 --> 0:01:23.399 I'm going to give you a real quick rundown. Now, 0:01:23.440 --> 0:01:25.000 this is a chart that I've put together that I 0:01:25.080 --> 0:01:28.039 use often, and what we know is that about every 0:01:28.200 --> 0:01:30.760 fifty years there is a technological revolution. You might have 0:01:30.840 --> 0:01:32.840 heard of it called a kwave or conjoint and wave. 0:01:32.840 --> 0:01:34.720 It's a forty to sixty year cycle. I call it 0:01:34.720 --> 0:01:36.800 a fifty year cycle. And so you can see about 0:01:36.880 --> 0:01:39.640 every fifty years we have a revolution. So we had 0:01:39.640 --> 0:01:43.120 the industrial revolution. We had steam engines and railways, we 0:01:43.160 --> 0:01:47.720 had steel, heavy equipment, electricity, we had oil, automobiles, mass production. 0:01:47.920 --> 0:01:51.640 Nineteen seventy one, we had microchips, brought telecom internet, personal computers, 0:01:51.880 --> 0:01:56.040 and now here we are right here starting another technological 0:01:56.080 --> 0:01:58.520 revolution for the next fifty years. Now. The one thing, well, 0:01:58.560 --> 0:02:01.440 there's lots of things that are different about technological revolutions, 0:02:01.480 --> 0:02:04.720 not technologies, but revolutions. Mainly, the point that I want 0:02:04.720 --> 0:02:08.360 to hit on for this is that they drive financial markets. 0:02:08.480 --> 0:02:13.160 So what drove the financial markets for the last fifty years, telecom, Internet, 0:02:13.480 --> 0:02:16.840 personal computers, Jeff Bezos. What drove it the fifty years 0:02:16.840 --> 0:02:21.000 before that? Well, it was Ford gm ge. What drove 0:02:21.040 --> 0:02:24.040 it before that, Oh it was steel. What drove before that, 0:02:24.320 --> 0:02:27.160 Oh it was railways, it was oil. And so each 0:02:27.200 --> 0:02:29.839 one of these technological revolutions of course changed the world 0:02:29.880 --> 0:02:32.240 as we know it because of technology, but they drive 0:02:32.440 --> 0:02:35.520 financial markets. That's why it's important to get in front 0:02:35.520 --> 0:02:38.560 of this now. The technological revolution that we're in right now, 0:02:38.600 --> 0:02:41.640 it's already started. And if I map this out, they 0:02:41.720 --> 0:02:45.320 happen again about every fifty years, I say, we're right 0:02:45.520 --> 0:02:48.800 about there. So it's already gotten started. We've been involved 0:02:48.800 --> 0:02:50.480 in this for a while. I've been talking about this 0:02:50.560 --> 0:02:54.280 for years, but there's still plenty of time to catch 0:02:54.320 --> 0:02:58.960 this upside right there. Okay, So that's technological revolutions. But specifically, 0:02:58.960 --> 0:03:01.400 what we want to talk about is as this technology 0:03:01.480 --> 0:03:05.519 picks up, it requires a lot of energy, specifically energy, 0:03:05.560 --> 0:03:08.519 and what the goal of the globalists and the politicians 0:03:08.560 --> 0:03:11.760 and all these things is to transition our energy supply, 0:03:11.840 --> 0:03:14.600 get rid of fossil fuels, oil gas, and move to 0:03:15.200 --> 0:03:19.040 electricity and specifically over like solar power and things like that. 0:03:19.080 --> 0:03:21.959 They want to re electrify everything. Now, if you watch 0:03:22.000 --> 0:03:24.640 my videos, you know that I think that's a horrible idea. 0:03:24.720 --> 0:03:26.919 But this is the case. This is what we're doing now. 0:03:26.960 --> 0:03:30.359 In places like where I live, for example, they're forcing 0:03:30.400 --> 0:03:35.040 this top down. California is banning gas appliances. You can't 0:03:35.040 --> 0:03:37.600 even do gas appliance anymore now. They want everything to 0:03:37.680 --> 0:03:40.680 be all electric, So they want to push everything onto 0:03:40.720 --> 0:03:44.640 the electrical grid, including gas appliances, heaters, stoves, things like that. 0:03:44.720 --> 0:03:47.720 In California, we can't even buy gas logs for our 0:03:47.760 --> 0:03:50.200 gas fireplace. It's crazy. They want to push everything. They 0:03:50.200 --> 0:03:53.120 want to electrify everything. They want everyone to drive evs 0:03:53.200 --> 0:03:56.760 electric vehicles. So governments around the world and the United 0:03:56.760 --> 0:04:00.680 States and California specifically have mandates as to when gas 0:04:00.760 --> 0:04:02.920 vehicles have to be phased out and we have to 0:04:02.960 --> 0:04:06.320 move to electric vehicles. Of course, those electric vehicles require 0:04:06.480 --> 0:04:10.200 electric charging stations everywhere for that to happen. And so 0:04:10.320 --> 0:04:13.120 really it's about this energy transition. The entire world is 0:04:13.160 --> 0:04:16.480 trying to go into and again, love it or hate it. Agreed, disagree, 0:04:16.600 --> 0:04:19.719 it doesn't matter. This is what's happening. Okay, Energy transition, 0:04:19.760 --> 0:04:22.839 it says here, changing as many processes as possible to 0:04:22.960 --> 0:04:26.680 operate on low carbon electricity, to move every into electricity. 0:04:26.800 --> 0:04:30.440 Keating of buildings is being electrified, heat pumps being electricified. 0:04:30.680 --> 0:04:34.120 To improve the flexibility of electric grids, the installation of 0:04:34.279 --> 0:04:38.240 energy storage and supergrids are vital to enable the use 0:04:38.279 --> 0:04:42.920 of the variable power. So supergrids, superstorage. Okay, So all 0:04:42.960 --> 0:04:45.280 of these things are changing, and of course we have 0:04:46.240 --> 0:04:48.599 the rise of we'll talk about AI, but then we 0:04:48.680 --> 0:04:51.960 have the rise of the robots. This time we are 0:04:52.000 --> 0:04:54.480 the horses being disrupted, so we have the rise of robots. 0:04:54.480 --> 0:04:58.080 So you can see everywhere you look, it's all about electricity. 0:04:58.120 --> 0:05:02.240 The technological revolution, techechnology is going to require more and 0:05:02.240 --> 0:05:05.240 more electricity, and not the electricity that we're used to 0:05:05.360 --> 0:05:07.920 coming from coal and natural gas. But they want to 0:05:07.960 --> 0:05:11.680 take everything to electricity. We also know that in this 0:05:11.760 --> 0:05:14.880 technological revolution, and really since the last revolution, since the 0:05:14.880 --> 0:05:18.400 Internet revolution, we've seen the new oil. What's the new oil? 0:05:18.600 --> 0:05:21.279 You probably already know by now it's data right. Data 0:05:21.400 --> 0:05:23.400 is the new oil. You know that if you don't 0:05:23.440 --> 0:05:26.359 pay for the product like Facebook and Instagram and TikTok, 0:05:26.440 --> 0:05:29.600 you are the product. Why because they harvest your data. 0:05:29.640 --> 0:05:32.040 And so now we have this massive amount of data 0:05:32.120 --> 0:05:34.640 and as we have this growth of data centers, they're 0:05:34.640 --> 0:05:39.800 exploding like crazy, and specifically around the new AI booms, 0:05:39.839 --> 0:05:42.599 we're seeing the amount of data being processed at an 0:05:42.640 --> 0:05:44.680 alarming rate. As a matter of fact, I mentioned the 0:05:44.720 --> 0:05:47.279 dot com run up in nineteen ninety nine and two thousand. 0:05:47.360 --> 0:05:49.640 We have the dot com crash after two thousand in 0:05:49.720 --> 0:05:52.440 two thousand and one, so the Internet had just gotten started, 0:05:52.480 --> 0:05:54.320 had just crashed that year in two thousand and one. 0:05:54.480 --> 0:05:57.800 More data, more content was created that one year than 0:05:58.120 --> 0:06:01.320 all of humanity before that year, was double that the 0:06:01.360 --> 0:06:03.880 next year, double that. It's been moving exponentially, and we 0:06:03.920 --> 0:06:06.840 can see that the data center market is growing like crazy. 0:06:06.839 --> 0:06:09.120 According to McKenzie and one of the largest consulting companies 0:06:09.120 --> 0:06:11.280 in the world, it's expected to be a ten percent 0:06:11.360 --> 0:06:14.880 growth through twenty thirty, ten percent every year. Compounding on 0:06:14.920 --> 0:06:17.560 top of that, experts predict even higher. So McKenzie says 0:06:17.600 --> 0:06:19.440 that but experts is like, whoa, whoa, whoa. No, it's 0:06:19.480 --> 0:06:22.080 going to be at least twenty percent annually that this 0:06:22.160 --> 0:06:24.080 is going to be growing at for the data center 0:06:24.160 --> 0:06:26.919 hyper scale market what they're calling it. So the amount 0:06:27.000 --> 0:06:29.600 of data is growing to the amount of data centers 0:06:29.600 --> 0:06:31.440 that we have to grow. And if we grow the 0:06:31.520 --> 0:06:34.800 data centers, what does that mean? It means more electricity 0:06:35.200 --> 0:06:37.240 that's going to be needed to power all of this. 0:06:37.440 --> 0:06:40.640 Now we have the AI servers which are super super 0:06:40.680 --> 0:06:42.839 power hungry, and then of course we have bitcoin, which 0:06:42.880 --> 0:06:45.240 I talk about all the time, and that's superpower hungry 0:06:45.279 --> 0:06:48.680 as well. As the price of bitcoin has gone up, 0:06:48.760 --> 0:06:51.880 we've seen the mining power also go up. And so 0:06:51.920 --> 0:06:54.880 the mining the computers that hold the bitcoin transactions and 0:06:54.880 --> 0:06:56.880 process transactions use a lot of electricity. And you can 0:06:56.920 --> 0:06:59.640 see how fast hat's grown. So we have power consumption 0:06:59.760 --> 0:07:04.400 come from all different levels at a parabolic rate. Okay, 0:07:04.560 --> 0:07:06.880 So now the question is who's going to win in 0:07:06.920 --> 0:07:09.600 all this? Who wins this race? All right? So in 0:07:09.680 --> 0:07:12.880 this AI specifically and sort of this new guard that's happening, 0:07:12.880 --> 0:07:15.600 we have the new guard. Now, typically what we see 0:07:15.600 --> 0:07:18.960 with technological revolutions and new technologies is the new guard 0:07:19.040 --> 0:07:22.520 displaces the old guard. Kodak was there making film for 0:07:22.560 --> 0:07:25.440 cameras for one hundred years, but then digital cameras came out. 0:07:25.880 --> 0:07:28.920 They went away creative destruction. So the new guard typically 0:07:28.960 --> 0:07:31.760 comes and disrupts the old guard. Open Ai is a 0:07:31.760 --> 0:07:34.400 brand new company, but the old guard doesn't want to 0:07:34.440 --> 0:07:38.360 give up. Now it's important to understand these technological revolutions 0:07:38.360 --> 0:07:40.480 and how they play out, so you can figure out 0:07:40.560 --> 0:07:42.440 who's going to win. We want to know who's going 0:07:42.520 --> 0:07:45.560 to win, because which jockey are we going to bet on? 0:07:45.760 --> 0:07:47.360 Which horse do we want to put our money on? 0:07:47.440 --> 0:07:49.800 Now it's important to understand the Internet. We can look 0:07:49.800 --> 0:07:52.600 at that as a parallel. In nineteen ninety eight, which 0:07:52.680 --> 0:07:59.600 was pre two thousand, these companies dominated AOL, Yahoo, GeoCities, Netscape, Info, 0:07:59.760 --> 0:08:03.560 c Hotmail, zd net. How many of those are still 0:08:03.560 --> 0:08:07.720 around today? Now you do recognize MSN, Microsoft, and Amazon. 0:08:07.800 --> 0:08:10.680 So we got a couple of those. Aol obviously gone, 0:08:10.760 --> 0:08:14.000 Yahoo's still there, barely, Geocity's gone, right, So most of 0:08:14.000 --> 0:08:15.920 these comings from nineteen ninety eight didn't make it. Now. 0:08:15.960 --> 0:08:18.160 Fast forward on the other side of the dot com 0:08:18.200 --> 0:08:22.280 to two thousand and three, AOL time Warner gone, Licos Gone, 0:08:22.320 --> 0:08:26.080 About Gone, Excite gone. All these are gone. Basically a 0:08:26.080 --> 0:08:28.000 couple of make it And the point is is that 0:08:28.080 --> 0:08:31.120 the ones that came first aren't always the one that 0:08:31.200 --> 0:08:33.719 make it, and so we have this battle over the 0:08:34.040 --> 0:08:36.280 newcomers and the existing ones, and a lot of the 0:08:36.280 --> 0:08:38.960 people who were the first movers don't end up making it. 0:08:38.960 --> 0:08:41.120 Here's a good example from the dot com boom. We 0:08:41.160 --> 0:08:44.040 had the famous, most famous case, pets dot Com. They 0:08:44.040 --> 0:08:45.760 went out of business. It was a great idea, buying 0:08:45.760 --> 0:08:48.920 pets product online, it was just too early. Today we 0:08:48.960 --> 0:08:52.120 have a company called Chewy with a fourteen billion dollar valuation, 0:08:52.200 --> 0:08:54.560 So Chewey was like pets dot Com two point zero. 0:08:54.559 --> 0:08:57.000 We had webban dot com, which went out of business. 0:08:57.000 --> 0:09:00.480 Today we use Instacart with a forty billion dollars evaluation. 0:09:00.559 --> 0:09:02.800 We had e Toys today we have Amazon. One trillion 0:09:02.840 --> 0:09:06.080 dollar application. GeoCities is gone. Now we have Reddit. Flu 0:09:06.280 --> 0:09:09.600 Flus was an online currency which is gone. But we 0:09:09.679 --> 0:09:12.480 have Bitcoin that's one point two trillion dollars. Now for 0:09:12.520 --> 0:09:14.360 all of you guys that don't believe in bitcoin and say, oh, 0:09:14.360 --> 0:09:16.280 but Bitcoin's like MySpace, it's going to go away the 0:09:16.320 --> 0:09:19.920 next Facebook will come out no flues. Flus was the MySpace. 0:09:19.960 --> 0:09:23.000 There was at least eight iterations of digital currency. Bitcoin 0:09:23.280 --> 0:09:25.280 is not the first one. So the question is, when 0:09:25.320 --> 0:09:28.360 you understand this, it's really hard to know who to 0:09:28.440 --> 0:09:30.800 bet on because which ones are going to make it, 0:09:30.840 --> 0:09:32.840 which ones are going to survive. We can see just 0:09:32.920 --> 0:09:35.600 in the AI space right now the battle's heating up. 0:09:35.600 --> 0:09:38.720 Meta just this week steps up in the AI battle 0:09:39.120 --> 0:09:42.520 to battle open Ai and Google. So Google's got one, 0:09:42.920 --> 0:09:45.559 Meta's got one, open Ai has got one. Now Twitter's 0:09:45.559 --> 0:09:48.160 got one x I should say grock right, And so 0:09:48.200 --> 0:09:50.840 we have all these people battling. So, as an investor 0:09:50.880 --> 0:09:52.959 who wants to get in on this trend, who wants 0:09:53.000 --> 0:09:55.000 to make money understanding this is going to drive financial 0:09:55.000 --> 0:09:57.520 marksplace fifty years, where do I go? Which one do 0:09:57.559 --> 0:09:59.600 I bet on? I don't know. I know that early 0:09:59.679 --> 0:10:01.640 mover often don't make it. Should I bet on the 0:10:01.640 --> 0:10:04.120 old guard, the new guard? Et cetera? But what if 0:10:04.200 --> 0:10:06.400 what if we understood the world from a different lens? 0:10:06.480 --> 0:10:08.800 What if we understood the world from a different lens? 0:10:08.800 --> 0:10:11.240 Then we realize that there's actually not two sides to 0:10:11.320 --> 0:10:14.240 a coin, but there's three sides to a coin. There's 0:10:14.280 --> 0:10:18.560 certainly heads and tails, but what about the edge? And 0:10:18.720 --> 0:10:20.640 that's exactly what I want to talk about. What if 0:10:20.640 --> 0:10:22.600 there's a way that we could profit from this AI 0:10:22.760 --> 0:10:26.080 boom without having to choose a winner. You know, heads 0:10:26.080 --> 0:10:28.840 I win and tails I win. Well, that's exactly what 0:10:28.880 --> 0:10:30.160 I want to talk about. So let's take a look 0:10:30.200 --> 0:10:32.240 at it. So what we know is that there's a 0:10:32.440 --> 0:10:35.360 new old metal. Old things are becoming new again. And 0:10:35.400 --> 0:10:38.160 I'm talking about copper. Now. I know, before you roll 0:10:38.200 --> 0:10:40.560 your eyes and yawn, Copper's old, right, I get it. 0:10:40.600 --> 0:10:43.320 But copper is crucial for this to happen. You see, 0:10:43.360 --> 0:10:46.000 if we really want to decarbonize the world, if we 0:10:46.040 --> 0:10:47.920 really want to transition the world, if we really want 0:10:47.920 --> 0:10:50.520 to go down this route to band fossil fuels and 0:10:50.520 --> 0:10:53.880 put everything into electricity to decarbonize, we have to have copper. 0:10:53.960 --> 0:10:56.520 If we really want to build out these data centers, 0:10:56.760 --> 0:10:59.679 we need to have copper. For military going into World 0:10:59.720 --> 0:11:03.559 War iie, guess what missiles, missile guidance system, guess what 0:11:03.720 --> 0:11:08.320 ammunition all requires copper. Now here's the problem. We have 0:11:08.400 --> 0:11:12.200 a massive growing demand for copper from like I said, 0:11:12.240 --> 0:11:16.480 electrifying the grid, decarbonization, all these things, massive massive demand, 0:11:17.000 --> 0:11:20.040 but we have no new supply. You know, price is 0:11:20.080 --> 0:11:22.640 always the equilibrium of supply and demand, right, So we 0:11:22.679 --> 0:11:26.520 have massively growing demand at the same time there's no 0:11:26.920 --> 0:11:30.120 new supply coming. But it gets even worse because the 0:11:30.240 --> 0:11:34.240 existing supply that we have is under threat. It's under attack. 0:11:34.280 --> 0:11:36.199 As a matter of fact. We can see here. I 0:11:36.240 --> 0:11:37.520 don't want to go into all the ways, but we 0:11:37.559 --> 0:11:41.160 can see sustainable copper. Copper's role in a low carbon economy. 0:11:41.400 --> 0:11:44.240 Win we need it, Energy stores, we need copper. Solar 0:11:44.280 --> 0:11:47.840 we need copper. We can't go into this world without copper. 0:11:47.880 --> 0:11:50.160 But here's the problem. Oh, just one more. So we 0:11:50.200 --> 0:11:53.480 can also see copper is used in military applications. What 0:11:53.640 --> 0:11:55.040 kind I don't want to go into all of them, 0:11:55.040 --> 0:11:59.199 but artillery shells, jackets, et cetera. It's the second most 0:11:59.480 --> 0:12:02.840 widely used material. Did you know that the second most 0:12:02.880 --> 0:12:05.800 widely use material by the US Department of Defense, the 0:12:05.880 --> 0:12:12.440 DoD wiring, guidance systems, ammunition, naval vessels all require copper. Now, 0:12:12.480 --> 0:12:15.440 do you think there's going to be more military intervention 0:12:15.960 --> 0:12:18.400 in the future or less? Do you think the demand 0:12:18.520 --> 0:12:20.480 goes up or does it go down. We can see 0:12:20.480 --> 0:12:24.480 here copper futures hit record high as data centers are 0:12:24.480 --> 0:12:29.160 building up. The demand is skyrocketing as we sit here 0:12:29.160 --> 0:12:31.640 and talk right now. But here's the problem. We don't 0:12:31.679 --> 0:12:34.240 have enough supply coming. Part of the reason why we 0:12:34.280 --> 0:12:37.199 don't have enough supply coming is that according to Blackrock, 0:12:37.240 --> 0:12:39.679 they say that it's going to take a twelve thousand 0:12:39.840 --> 0:12:43.920 dollars price on copper in order to incentivize people to 0:12:44.040 --> 0:12:47.199 go find more in the ground. So there's been almost 0:12:47.240 --> 0:12:50.760 no exploration. So we have this growing demand, but the 0:12:50.800 --> 0:12:53.920 supply hasn't expanded, and supply hasn't expanded because we need 0:12:53.920 --> 0:12:56.560 twelve thousand dollars price. Now, what does that mean. It 0:12:56.640 --> 0:12:58.640 means that the price of copper has to go up 0:12:58.679 --> 0:13:01.520 twenty percent from now. You've probably seen in the news. 0:13:01.600 --> 0:13:03.160 Is at all time highs already right now. We've been 0:13:03.160 --> 0:13:04.960 talking about this for a while, but it still needs 0:13:05.000 --> 0:13:08.560 to go up another twenty percent from here before it 0:13:08.600 --> 0:13:12.319 even incentivizes people to go get more supply. So we're 0:13:12.320 --> 0:13:14.120 going to be in this supply demand in balance for 0:13:14.160 --> 0:13:17.120 a while. But it gets even worse than that, because 0:13:17.200 --> 0:13:20.320 let's say hypothetically the price jumps another twenty percent this year, 0:13:20.360 --> 0:13:23.080 which I think it will probably not hypothetical. Let's say 0:13:23.080 --> 0:13:25.560 it does great, so then it incentivizes people to go 0:13:25.600 --> 0:13:28.280 get new supply. But how long does that take. Well, 0:13:28.280 --> 0:13:31.280 here we have per Stanley Druckenmiller, the greatest investor of 0:13:31.280 --> 0:13:33.040 all time. I talk about him all the time. Copper 0:13:33.040 --> 0:13:35.440 will hit new record highs over the next five to 0:13:35.480 --> 0:13:37.959 six years, is what he's saying. That's what Standy Ruckamilli 0:13:37.960 --> 0:13:40.320 is saying. He's a billionaire. But here's the thing. Strong 0:13:40.400 --> 0:13:44.520 demand for copper is cool, but supply and balances are 0:13:44.600 --> 0:13:47.200 due to the decade plus lead time. What does that 0:13:47.200 --> 0:13:49.720 mean from the time they get the money to go 0:13:49.800 --> 0:13:52.520 get new copper and explore it and find it and 0:13:52.520 --> 0:13:54.640 get out of the ground, it can take a decade, 0:13:54.760 --> 0:13:56.760 he says. Right here, copper is a pretty simple story. 0:13:56.800 --> 0:14:00.319 Pretty simple. I like that it takes about twelve years 0:14:00.559 --> 0:14:03.360 to get new supply into the market. So if we 0:14:03.440 --> 0:14:07.720 have massive growing demand from military, from electrification, from AI, 0:14:07.920 --> 0:14:11.040 et cetera, and we have no new supply coming for 0:14:11.080 --> 0:14:13.480 at least a decade or twelve years, per Druggi Miller, 0:14:13.480 --> 0:14:15.160 what do you think happens to the price. But again, 0:14:15.200 --> 0:14:17.120 as I was going to say, it gets even worse 0:14:17.200 --> 0:14:19.920 than that. What am I talking about, Well, we have 0:14:20.040 --> 0:14:23.640 a lot of problems with the existing supply. So for example, 0:14:23.680 --> 0:14:25.520 as I said, it takes about fifteen years. But the 0:14:25.600 --> 0:14:30.320 problem that we have with the existing supply is political instability. 0:14:30.440 --> 0:14:33.800 You see, about forty percent of the global copper today 0:14:34.240 --> 0:14:38.200 comes from South America. Problem is there's political instability that's 0:14:38.240 --> 0:14:41.640 stopping that production from getting to market. So, for example, 0:14:41.760 --> 0:14:44.120 Chile and Peru about forty percent of global supply. Over 0:14:44.160 --> 0:14:47.000 the past couple of years, both countries have seen numerous 0:14:47.000 --> 0:14:51.640 scenes of civil unrest and social opposition to mining. Lots 0:14:51.640 --> 0:14:54.600 of minds are shut down and sitting dormant in Panama, 0:14:54.720 --> 0:14:57.880 in billion dollar mine sitting there dormant. They can't get 0:14:57.920 --> 0:15:00.680 out because of the political opposition in too, mining they 0:15:00.680 --> 0:15:03.240 don't want anymore. Some of these countries want to nationalize it. 0:15:03.320 --> 0:15:05.400 All of these things, and so that's disrupting the supply. 0:15:05.520 --> 0:15:09.640 So one increasing supply. Two we can't get a new 0:15:09.680 --> 0:15:12.000 supply to the market for a decade. Three the existing 0:15:12.000 --> 0:15:15.640 supply we have is dwindling at a rapid rate because 0:15:15.640 --> 0:15:18.160 of this, which is why you see like city, right here, 0:15:18.200 --> 0:15:20.920 says copper prices climb to a twenty four high as 0:15:20.920 --> 0:15:24.040 city calls for the start of the metal's second bowl 0:15:24.120 --> 0:15:28.040 market this century, the second time we've seen in this century. 0:15:28.080 --> 0:15:30.040 It's a pretty big deal and it's all about to 0:15:30.160 --> 0:15:33.200 happen right now. Okay, so at this point it might 0:15:33.240 --> 0:15:35.280 be going great, Mark, that's cool, But like, how do 0:15:35.360 --> 0:15:38.280 we play this well? I talk about commodities all the time. 0:15:38.400 --> 0:15:40.640 It's my favorite place to play. I think it's where 0:15:40.680 --> 0:15:43.760 the money is hard scarce assets. As I say, so, 0:15:43.840 --> 0:15:45.920 copper is definitely one of those. So there's really three 0:15:46.000 --> 0:15:48.040 ways that you can play this. First way is you 0:15:48.040 --> 0:15:50.640 can buy physical copper. Now I don't mean like going 0:15:50.640 --> 0:15:52.440 buying a chunk of copper and put into your safe, 0:15:52.480 --> 0:15:55.400 but you can buy physical copper through many ETFs. Just 0:15:55.440 --> 0:15:57.400 search copper ETFs. I'm not going to tell you which 0:15:57.400 --> 0:15:59.080 one to buy here, but you can find lots of 0:15:59.120 --> 0:16:01.800 ways to get acts to the price of copper just 0:16:01.840 --> 0:16:04.320 through ETF that's number one. Number two, you can certainly 0:16:04.360 --> 0:16:06.840 trade you know, options and futures on this, and so 0:16:07.200 --> 0:16:09.160 you could try to get a little bit more return 0:16:09.200 --> 0:16:11.280 on your money doing that way. Options in futures a 0:16:11.320 --> 0:16:13.840 little bit complex or Third, my favorite way to do 0:16:13.880 --> 0:16:16.840 this is through copper producers. These are the miners that 0:16:16.880 --> 0:16:18.840 produce it. So you see me talking a lot about 0:16:19.120 --> 0:16:23.160 gold producers, uranium producers, the resource producers, because you know, 0:16:23.200 --> 0:16:25.840 Buffett doesn't like the metal because it doesn't do anything. 0:16:25.880 --> 0:16:29.280 But these companies are producers. They actually produce a product. 0:16:29.280 --> 0:16:30.680 We can look at the profit and we know those 0:16:30.720 --> 0:16:33.280 profits get returned to us as shareholders. And so that's 0:16:33.280 --> 0:16:36.040 my favorite way to play. It's a leverage play. Now, 0:16:36.600 --> 0:16:39.600 I have a ten point checklist on how to find 0:16:39.920 --> 0:16:43.160 the best resource mining companies, and you can get it 0:16:43.160 --> 0:16:44.760 for free. I'm going to go ahead and link to 0:16:44.800 --> 0:16:46.520 it in the show does down below, and it gives 0:16:46.520 --> 0:16:48.440 you ten things that you should look at if you're 0:16:48.480 --> 0:16:51.560 evaluating producers that you want to buy for your own portfolio. 0:16:51.640 --> 0:16:53.440 Let me show you just a couple of the points 0:16:53.720 --> 0:16:56.520 that I would look at when I look at producing companies. 0:16:56.640 --> 0:16:59.120 Now I'm going to use an actual company here for 0:16:59.240 --> 0:17:01.200 educational purposes. Okay, So I'm going to break down a 0:17:01.200 --> 0:17:03.440 real company with three or four of these points that 0:17:03.520 --> 0:17:05.480 you can go find on your own. I do want 0:17:05.520 --> 0:17:08.199 to tell you that this is a promotional video. I 0:17:08.240 --> 0:17:10.400 am not telling you to buy this company. We're doing 0:17:10.400 --> 0:17:12.920 this for education purposes. But I want to use the 0:17:12.960 --> 0:17:15.000 real company so you can see this, and I'm talking 0:17:15.040 --> 0:17:17.800 about a company called Klinx Minds. Okay, so we're going 0:17:17.880 --> 0:17:19.920 to break this one down. Caleen X Minds. You can 0:17:19.920 --> 0:17:21.960 find them right here. Here's their ticker symbol. Now you 0:17:22.040 --> 0:17:25.720 might recognize this name just because I've talked about them before. 0:17:25.720 --> 0:17:27.720 I've been working with them for a long time. As 0:17:27.760 --> 0:17:30.080 a matter of fact, I did a video talking about 0:17:30.119 --> 0:17:33.680 them right here on July twentieth of twenty twenty. It's 0:17:33.720 --> 0:17:35.440 been a couple of years since I talked about Kalinak. 0:17:35.520 --> 0:17:37.440 At that time. When I talked about it right here, 0:17:37.720 --> 0:17:42.680 it went up by five hundred and thirty percent since 0:17:42.760 --> 0:17:45.320 I mentioned it right here, so you you know, could 0:17:45.320 --> 0:17:48.000 have had a five hundred percent gain here. Now it's 0:17:48.040 --> 0:17:52.000 come back down and we have another potential entry right here. 0:17:52.119 --> 0:17:54.720 So just somewhat pretty interesting. The one thing about these 0:17:54.720 --> 0:17:57.320 resource mining stocks is they're very volatile. They go up 0:17:57.400 --> 0:17:59.400 and down. This is a four year period right here, 0:17:59.440 --> 0:18:01.399 and I've talked lots of them that haven't gone up 0:18:01.400 --> 0:18:03.480 by this much. But you don't have to be right 0:18:03.520 --> 0:18:05.040 on all of them. You've got to be right on one 0:18:04.960 --> 0:18:07.919 out of ten, and you do pretty good ones like this. Okay, 0:18:07.960 --> 0:18:10.119 but again we're looking at this for educational purpose. So 0:18:10.160 --> 0:18:12.119 a couple things I talked about. There's no new supply 0:18:12.160 --> 0:18:14.680 coming because it takes a decade to get and more importantly, 0:18:14.760 --> 0:18:18.000 or more problematically, the existing supply we have is dwindling 0:18:18.040 --> 0:18:21.920 because of jurisdictional risks. Okay, so we want to try 0:18:21.920 --> 0:18:25.399 to solve that problem. Problems equal solutions or opportunities. We 0:18:25.480 --> 0:18:30.840 have Klinx Minds, which has hopper ready to go in Canada, 0:18:30.920 --> 0:18:34.440 which is a very friendly jurisdictional area. Right, They're very 0:18:34.440 --> 0:18:37.520 friendly to mining, they're friendly to North America. And for 0:18:37.640 --> 0:18:39.640 all of the copper that we're going to need to 0:18:39.680 --> 0:18:42.600 build up our grids in North America, we probably want 0:18:42.640 --> 0:18:45.159 copper from home, and so Calenx Minds has it in 0:18:45.200 --> 0:18:48.400 a friendly jurisdictional region ready to go. As a matter 0:18:48.400 --> 0:18:52.600 of fact, they have six million tons at a five 0:18:52.800 --> 0:18:56.040 times average grade compared to the rest of the world, 0:18:56.119 --> 0:18:58.240 so they have better copper than the rest of the world. 0:18:58.320 --> 0:19:00.720 They have six million tons of it and it's right 0:19:00.800 --> 0:19:03.440 here in a friendly jurisdiction in Canada. As I said, 0:19:03.440 --> 0:19:05.720 like here in Panama, they have a ten billion dollar 0:19:05.800 --> 0:19:08.679 copper mind sitting there stagnant. Now, So the first thing, 0:19:08.720 --> 0:19:10.080 I just want to look at the company. I want 0:19:10.119 --> 0:19:12.359 to look at the resources that they have in Canada. 0:19:12.400 --> 0:19:14.040 I want to look at how much they have. I 0:19:14.080 --> 0:19:15.600 want to look at the grade. All right, So we 0:19:15.640 --> 0:19:17.960 broke that down. The next thing I always want to 0:19:17.960 --> 0:19:20.800 look at is the team. Typically you hear in investing 0:19:20.920 --> 0:19:23.160 bet the jockey, not the horse. So who's the team. 0:19:23.520 --> 0:19:25.119 So a couple things I want to look at with 0:19:25.160 --> 0:19:28.119