Latest / Financial Survival Network / Precious Metals Worth the Wait -- Michael Arries #6007

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Precious Metals Worth the Wait -- Michael Arries #6007 · Financial Survival Network

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  You know, just looking at silver, historically, it tends to have these
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  big pops once in a while, you know, every so often it'll make
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  a big catchup move compared to gold. And I still think that's going to
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  happen, and that's coming sometime in the near future, and it's going to
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  be very worth it for anyone hanging on to silver, or if you're getting
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  into physical metals now, to get a little more silver than gold. I
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  think it's going to give us extra performance it is lagging behind. It'll probably
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  be gold that gets out of the starting gate. First, you are listening
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  to Carrie Let's's Financial Survival Network, where you get valuable information you just can't
• 0:33
  find anywhere else to thrive in today's trying times. You need the Financial Survival
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  Network now more than ever. Go to Financial Survivalnetwork dot com and get your
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  free newsletter and gift. Financial Survival Network now more than ever, And welcome.
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  You are listening to and watching the Financial Survival Network. I'm your host,
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  Carry Lutts. We're still on the road in Thailand, but the show
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  must go on. All part of being a so called digital nomad, which
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  I am fatly enjoying this role and highly recommended. If you can actually go
• 1:15
  on the road, go to places you want to go, and still carry
• 1:19
  on your work, then you should definitely try to do it. It's really
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  good. Well person you're about to hear from is doing his work when it
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  comes to precious metals and cryptos and other means of protecting your wealth. Michael
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  Arras, it's great to have you on the show. No, I've seen
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  your work around and hey, gold just got nailed and went below two thousand
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  dollars for the first time in over ninety days. I think it was since
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  memory serves me sometime back in November, but my memory is not that great
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  thess. So it is it time to panic and sell or is it time
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  to up the truck? Absolutely not the time to pan and carry. No,
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  gold looks really good on the price charts overall. It was back in
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  December we had a big pop over twenty one hundred and set a new high,
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  and then it did come back down and go below two thousand, but
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  popped right back up and it's been staying about two thousand ever since then,
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  and looking at the chart, it's just kind of gone back above two thousand
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  today. So it stayed above for two months and just the inflation number today,
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  everything kind of sold off and the dollar was up this week. But
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  gold's bouncing back up and still hanging on at those high levels and zooming back
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  out. Still is making a very big bullish pattern on the price charts,
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  and I still think it's going to head higher from here. And I think
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  you've had other guests talk about this too. When it breaks above twenty one
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  hundred, watch out, it is going to take off. And I expect
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  that to happen before any kind of big major downside move the magic number for
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  sure. But well, while gold is getting great press, you know,
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  over two thousand, silver can't even get back to it. It's all I'm
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  high of closing the bucks. So what do you make of that? You
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  know, just looking at silver historically, it tends to have these big pops
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  once in a while, you know, every so often it'll make a big
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  ketchup move compared to gold. And I still think that's going to happen.
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  That's coming sometime in the near future, and it's going to be very worth
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  it for anyone hanging on to silver, or if you're getting into physical metals
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  now to get a little more silver than gold. I think it's going to
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  give us extra performance. It is lagging behind. It'll probably be gold that
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  gets out of the starting gate first, and then silver will make a big
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  ketchup move. But we've seen it do that so many times before, and
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  it's just so undervalue. There's so little silver out there. It's all used
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  up in so many industrial applications. And at some point, when you know
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  when gold's going up, they're both going to go up for the same reasons.
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  But silver just has a big ketchup move to make, and because there's
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  so little of it out there, it will get pushed up much higher in
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  price when that demand comes in and not enough supplies, so it'll it'll get
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  back to its old highs and beyond. I think it just has room to
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  run, so there's more potential, so it's a better investment, all right.
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  Hey, so what about what do you make of Mexico's attempting to pass
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  a law that will really get rid of open pit silver mines in the country.
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  You know, is by far the largest silver producer in the world.
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  You know, geopolitical risk has come back to haunt everyone who thought you can
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  go offshore and just do business like you do in the first world. Yeah,
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  I mean again, and that just kind of reinforces my point of wanting
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  to have silver, wanting to have physical precious metals, and that's what I
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  do at my company at Maclmaney Precious Metals. We help people get physical gold
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  and silver, and so that just that just makes me want to own it
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  and hang on to it. You know, when when Mexico is doing stuff
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  like that, it's it's just going to make the price go higher for anyone
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  that actually owns it, that has something that has what little is available out
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  there and anything that has to do with geopolitical risks. Yeah, you want
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  to you want to hold it, you want to have it in your hand,
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  because that's real wealth. That's money that won't go away or go to
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  the zero that you know, doesn't doesn't just disappear with whatever the government does.
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  So in the meantime, you know, precious metal is doing well at
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  least gold is for sure, really only one that is when you look at
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  platinum, you know back below a thousand a lady, that's sold off from
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  its all time highs. So only gold really is the one doing it.
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  And and then you look at the stocks the companies that actually have to mine
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  this stuff, and they in the in the dumps here. You see it
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  turn around there as well. I think so, yeah, I mean gold
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  really is the thing to own, just as long term wealth protection and as
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  money. I tend to stick with just gold and silver because they're both of
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  the monetary metals. Platinum and palladium have their place, but just you know,
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  I would I would keep my exposure to them to a much smaller extent
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  as far as the physical metals go, and they tend to switch places back
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  and forth, so you can trade them against each other and get free ounces,
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  and we try to do that with looking at price ratios and trading some
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  of the metals against each other. So there's a place for platinum, palladium,
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  but for the most part, I'd like to help folks just get the
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  monetary metals like gold and silver, you know, And I think silver will
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  catch up when gold takes off, and I think the mining stocks will also
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  have a big pop at some point. They're one of those things that they
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  will outperform physical gold. It's just there's a few, you know, distinct
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  periods throughout history where they do that, so you kind of have to hang
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  on for the ride, or even be willing to wait through any big drawdowns.
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  But I think we actually might now be on the cusp of one of
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  those times where they break out and outperform gold as gold goes up, so
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  I think those will be good as well. Okay, so physical is the
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  way to go though, right we agree? Yeah? Foundationally, you know,
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  have a certain percentage of your portfolio in physical gold and silver, because
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  that's just the part that will always be there, will bail you out if
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  everything else goes bad. And it's just it's real intrinsic money, or money
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  that has intrinsic value within itself. So it's just that's the one thing to
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  have as your foundation. And really, Carrie, what's interesting is that everyone
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  should have a physical gold because everyone uses the dollar. If you use the
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  dollar as your currency to buy and sell goods, you should have gold because
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  our central bank is purposely printing it out of thin air and creating more,
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  which deludes its value and makes it worth less and less. So holding it
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  on, holding onto it as your savings is a terrible idea. You're losing
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  purchasing power constantly year after year. The fast you spend your dollars, the
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  better. But if anyone's going to hang on to dollars, because of course
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  people save for the future, well your savings should be in gold and silver
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  because they go up with inflation over time, they maintain their purchasing power.
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  So it's for everybody. Obviously, everyone uses the dollar, everyone tries to
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  save money, so gold and silver are for everybody. So it's a funny
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  thing you mentioned this because I got a couple of years on you. That's
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  that good inflation. Like your generation young earlier MILLENNI and gen Z, they're
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  just discovering that inflation happens. Never knew it before because basically we've always had
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  inflation. It never really goes bay when you're dealing with Fiat, but it
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  was constricted and controlled much tighter for the past forty years, you know,
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  going back to the eighties, thirty five years. You know, there's an
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  inflation cycle, forty year cycle for sure. But now these younger people are
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  learning about inflation, learning about Fiat currencies, but they've mostly gone to cryptos.
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  They see, you know, they're looking for the silk for a bullet
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  or the gold bullet, but they're looking for digital assets, not physical assets.
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  Yeah, that's true, and I think there's really not a replacement for
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  physical gold, and not necessarily against cryptocurrencies. I think there is a place
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  for them, and there'll be a useful form and just the technology itself in
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  this coming world. But even still there's not a replacement for physical gold.
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  I think it just requires more education and getting the word out there to this
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  generation, because you know, bitcoin has been great in a lot of ways.
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  It's had a huge move up. If you hung onto it, you
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  had a big sixty percent draw down a couple of years ago. Now it's
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  starting to move up again. It's been very volatile. If we're if we're
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  going to use it as an alternative currency, it can certainly have its place.
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  If it's just a long term form of savings, then if you bought
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  it right, it's been great, and if you bought it wrong, it's
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  been awful. So it just it depends on your timing because of those huge
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  swings. You know, twenty years gold's had a couple of big swings,
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  but overall it's gone up eight times in value over the last twenty years,
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  and more so beyond that, So there's there's some overlaps, there's some use
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  for both, but there's really no substitute for either one. You know,
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  there's some digital uses for bitcoin, but it also doesn't have the advantage of
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  gold of always being there. Yeah. No, Hey, you're preaching to
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  the choir here. So I kind of feel the same way. I mean,
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  I buy bitcoin every Monday. I've been swing grating it up until recently.
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  But once it brings a thousand, you know, it might be time
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  to take a little profits here. It's kind of a very This is called
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  the buying Bitcoin for dummies what I do. And I look, Hey,
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  I talked about cryptos. If I don't have any skin in the game,
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  then I'm just an armchair quarterback who doesn't really know anything about it. So
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  I've got my crypto is I'm not seen on anything else, you know,
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  Ethereum, you know, I just I just don't see it as the be
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  all on the end all Bitcoin is the is the gold standard of cryptos for
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  sure. Hey, So we'll have this first, this discussion, this conversation
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  again in a year, Michael, where are we going to be? Well,
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  that's a good question. I don't really like making predictions on the on
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  the future. I can see the trends, and I can, I can
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  make some guesses on where things are going, but there's so many, so
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  many times out there people say, oh, on this date, the dollar
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  is going to die, or by this date gold is going to be here.
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  But you know, the way the way I see the trend going,
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  the next year or two could see a big breakout. And you know,
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  we've got an election year this year where the Fed doesn't want to be too
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  political, but they might lose control of the markets with whatever they have to
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  do with interest rates after the election. If they keep everything together, maybe
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  after the election everything falls apart. But I mean, I think we're on
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  the cusp of something happening, whether it's a big, big draw down,
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  big pullback in the stock market, you know, and that would set gold
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  off and have it set off on its new run. You know. So
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  year or two from now, could we see gold at twenty five hundred and
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  silver back to forty or fifty. Very possibly. Maybe it takes longer than
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  that, but I think it's still very possible. So and you know,
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  this issue is they have a lot of room to run. They haven't accounted
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  for all the money we've printed out of thin air, so the next you
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  know, two years, five years, whatever it is. They have a
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  lot of room to run, like going multiple times higher in price just to
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  do what they've done historically. So yeah, I could not agree with you
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  more. It's a you know, Yogi beara once said, the prediction is
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  really hard, especially when it's about the future and the Yogisms since the Book
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  of Yogisms, and I think investors can learn a lot from it, you
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  know, when you get to a fork at the end of the road,
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  take it. Yeah. Yeah, But but do I feel good about holding
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  onto physical medals for the rest of this decade. Absolutely. I think they're
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  going to do very well. And there's a lot of peace of mind to
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  having you know, gold and silver coins in your hand, because that is
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  something that you know, it doesn't disappear that easily. I've had my bank
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  account hacked, I've had you know, zero's on my savings account disappear,
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  and I'm not very skilled at stopping that from someone overseas taking that, Whereas
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  if I have gold in my hand, it's a little little harder for someone
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  to get to. So we got the shotgun, and so you've got the
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  booby traps, and you got that don't tell everyone. And you got that
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  spear behind the wall my goal, right, that's my that's my mammoth spear.
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  And I haven't come across the mammoth yet to try it out on So
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  hopefully one of these days, all right, hopefully you'll never need to.
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  Hey, so what can we find you? How do we read your work?
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  How do we connect with you on the web? Yeah, yeah,
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  you want to put that in the notes. I've got a got a landing
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  page, a website you can go to. It's mcilvany dot com forward slash
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  Michael and so it's m c a l v a n y dot com forward
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  slash Michael m I c h a e l or folks can call me directly.
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  My direct number is nine seven zero four five nine four six one one.
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  Again it's nine seven zero four five nine four six one one. And
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  happy to advise clients personally, one on one with their portfolio. You know
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  how much gold or silver makes sense? Where to keep it? And answer
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  any questions with all the nuances that there are. All right, we appreciate
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  that. Hey, if you got a question for Michael or myself, shoot
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  me an email. K l at Kerrie Leuts dot com. Michael's link is
• 14:50
  in the show notes this interview on Financial Survival Network dot com. You just
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  got to click link and you'll get right to his site. And while you're
• 14:58
  there, please sign up for your free newsletter. Michael Pleasure, thanks so
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  much for coming on. Well, thank you for having me, Carrie.
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  It was a privilege, so I appreciate it. Thanks for listening to Carrie
• 15:09
  Letz's Financial Survival Network, your solution to today's trying times. For the latest,
• 15:16
  go to Financial Survivalnetwork dot com. Financial Survival Network now more than ever,