Latest / Financial Survival Network / Silver’s Surge: $80 to $200 Ahead? - Ed Siddell #6338

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Silver’s Surge: $80 to $200 Ahead? - Ed Siddell #6338 · Financial Survival Network

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  Speaker 1: The way that the cost of energy and AI everything
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  Speaker 1: just ramping up so quickly. I said this, people laugh
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  Speaker 1: at me. I think silver don't be shocked if it's
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  Speaker 1: if it's hitting close to two hundred dollars an ounce.
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  Speaker 2: You're listening to Carrie Let's's Financial Survival Network, where you
• 0:16
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• 0:20
  Speaker 2: thrive in today's trying times. You need the Financial Survival
• 0:24
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• 0:29
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• 0:33
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  Speaker 3: Ever, and welcome. This is Financial Survival Network. I'm your host,
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  Speaker 3: Carrie Lets. It's October fourteenth, twenty twenty five at Sidela
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  Speaker 3: is with us on the show. Ed's great to have
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  Speaker 3: you back on. So we've got a little We've got
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  Speaker 3: a little volatility going on here, don't we.
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  Speaker 1: You know what, not a surprise, just a a little pullback.
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  Speaker 1: We were expecting it, honestly, we were expecting it a
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  Speaker 1: little bit sooner. But yeah, we think the market's going
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  Speaker 1: to rally by the end of the year. It's investors
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  Speaker 1: are resilient. When I woke up this morning, we're just
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  Speaker 1: talking about this. Before we went live the market, the
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  Speaker 1: Dow was down, you know, five hundred and fifty points,
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  Speaker 1: and now it's down just literally, you know, less than
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  Speaker 1: fifty points. The Nastack is only down one percent or less,
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  Speaker 1: so you know it's it's going to continue to bounce back.
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  Speaker 3: Well, the real story has been precious metals here, Let's face.
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  Speaker 1: It, absolutely absolutely, And I've been a lover. I've been
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  Speaker 1: a gold bug forever, but I have been a lover
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  Speaker 1: of gold and precious metals for a long time. And
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  Speaker 1: we're not I still don't think we're even close to
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  Speaker 1: hitting the hives.
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  Speaker 3: Hey, well, look what's happened with silver. I mean we
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  Speaker 3: put first put out our prediction back in May when
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  Speaker 3: it hit thirty two bucks. We knew at that point
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  Speaker 3: this is it broke thirty five, you know, yesterday, broke
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  Speaker 3: fifty three. Today a little bit of pullback, but even
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  Speaker 3: with the pullback action, it's not even near trading at
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  Speaker 3: its session lows.
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  Speaker 1: Yeah. Absolutely. One of the things that we continue to
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  Speaker 1: look at is, you know, are the uses of silver? Right,
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  Speaker 1: So we we have chips, you know AI. You know,
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  Speaker 1: it's because of the conductive connectivity and why it's so
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  Speaker 1: important but also the one thing that people aren't thinking about.
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  Speaker 1: It's it's munitions. I mean each Tamahawk missile. I've been
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  Speaker 1: saying this and I actually looked it up. I was like,
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  Speaker 1: I just want to double check and make sure. I
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  Speaker 1: thought it was between thirty five to forty ounces per
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  Speaker 1: estimated per Tomahawk missile. It's three hundred and fifty to
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  Speaker 1: four hundred ounces Tamahak missile.
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  Speaker 3: There's a lot of debate. There's a debate about that
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  Speaker 3: because they're okay, all right, majority of the silver. I
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  Speaker 3: looked it up too, because somebody told me five hundred
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  Speaker 3: the majority of the silver is in the batteries. Uses
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  Speaker 3: a whole bunch of batteries and they have to sit
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  Speaker 3: around forever, which is why silver batteries are the best.
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  Speaker 3: And I heard I looked it up on AI and
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  Speaker 3: it said eighty ounces. But nonetheless, even if it's one
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  Speaker 3: hundred ounces, that's one hundred ounces that gets vaporized, that
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  Speaker 3: never gets seen again.
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  Speaker 1: Right, Absolutely, you're absolutely correct. And the way that the
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  Speaker 1: cost of energy and AI everything just ramping up so quickly.
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  Speaker 1: I said this, people laugh at me. I think silver.
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  Speaker 1: Don't be shocked if it's if it's hitting close to
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  Speaker 1: two hundred dollars an ounce over the next couple of years,
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  Speaker 1: it would not surprise me. I truly believe, probably over
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  Speaker 1: the next twelve months, I would not be shocked if
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  Speaker 1: we see eighty dollars an ounce for silver.
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  Speaker 3: Oh yeah. Martin Arnstrong called it quite a while ago.
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  Speaker 3: I called it. Eric spot for years has been saying
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  Speaker 3: three hundred dollars silver, and everybody was looking at Eric
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  Speaker 3: like he was delusional. And now Eric doesn't look so
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  Speaker 3: delusional anymore. Rick Rule said that the hedges, the people
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  Speaker 3: are running sophisticated silver hedges.
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  Speaker 1: We're going to have a religious experience here. That does
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  Speaker 1: not surprise me. It really doesn't. And and gold is
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  Speaker 1: right there too. You know, would you look at gold again?
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  Speaker 1: You know, the devaluation of the dollar, you know, bricks
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  Speaker 1: is really kind of stepping up in China's pressure towards
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  Speaker 1: the US dollar in the economy. People are looking for
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  Speaker 1: that safe haven, and you know, I think it's gonna
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  Speaker 1: go way north of five thousand. I would not be
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  Speaker 1: shocked if we hit seventy five hundred dollars an ounce.
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  Speaker 3: I mean, neither mean neither, I think Martin Armstrong said,
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  Speaker 3: once it hits five, it'll hit ten quicker than he
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  Speaker 3: really okay said on my show a couple of weeks ago,
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  Speaker 3: it hit once it hits five, it'll hit ten quicker
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  Speaker 3: than Miley Cyrus can tork across a stage.
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  Speaker 1: Boy, If that.
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  Speaker 4: Doesn't put it in perspective, right, Yeah, but you know,
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  Speaker 4: like seriously, you know, we're in these really wild times
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  Speaker 4: and at the same time the dollars steady or even
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  Speaker 4: rising a little bit, and the stock market's going up.
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  Speaker 3: And that's the tell, right that people losing confidence in
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  Speaker 3: bonds and in the U, in the economic system.
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  Speaker 1: You're absolutely right. I I've never it sounds weird. I've
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  Speaker 1: never been a fan of bonds, right buying buying someone
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  Speaker 1: else's debt. Right now, it is a strategic play in
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  Speaker 1: our portfolios because as as rates go lower, it's a
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  Speaker 1: great hedge.
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  Speaker 3: But just like anything else, you know, you it's buyer beware,
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  Speaker 3: it's you.
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  Speaker 1: You've got to be really careful what debt you're buying,
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  Speaker 1: because that's really what it is. Uh And and if
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  Speaker 1: you're not careful with these bonds, they're gonna lose value
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  Speaker 1: in a heartbeat. So I think we have a very
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  Speaker 1: narrow window in which that's a that's a decent play,
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  Speaker 1: and people are looking at that. This is why they're
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  Speaker 1: they're looking for alternatives. And I'm not just talking about
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  Speaker 1: precious metals, but we're also looking at the crypto space too.
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  Speaker 1: We saw pull back right with with bitcoin, uh and
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  Speaker 1: x RP, as well as etherean and obviously some of
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  Speaker 1: the smaller, smaller, not as well known ones. But but honestly,
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  Speaker 1: it's it's a it's another hedge. My fear is, which
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  Speaker 1: again goes to precious metals, is that you know, anytime
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  Speaker 1: we see a digital currency, there's presumptive control. Right at
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  Speaker 1: what point in time you know that this blockchain, you
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  Speaker 1: know how who's actually controlling it? And and do we
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  Speaker 1: truly have full access to our money? So that's uh,
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  Speaker 1: going back to Casius King or you know, this is
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  Speaker 1: why like gold.
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  Speaker 3: And silver, he's one of my favorite, one of my
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  Speaker 3: best friends, Cassius King.
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  Speaker 1: Yeah, the guy had his baseball card.
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  Speaker 3: I'm not sure. Wasn't he a box or Cassius King?
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  Speaker 3: You was?
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  Speaker 1: He was at a Louisville that's right, but.
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  Speaker 3: You know, but in seriousness, the situation is serious. They're
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  Speaker 3: going to cut rates if employment starts to really deteriorate,
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  Speaker 3: they might cut them faster. But the AI, to me,
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  Speaker 3: it's the same thing as in the late nineteen nineties
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  Speaker 3: that the economy was heading for a cliff. Yes, so
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  Speaker 3: he realized it, and then the dot com boom occurred.
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  Speaker 3: And while the stocks and all that, you know, Wall
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  Speaker 3: Street doing what it does, which is hyping and selling,
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  Speaker 3: you know, basically selling air in a balloon. Of the
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  Speaker 3: reality is that the Internet upgraded our productivity as a nation,
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  Speaker 3: as a world and really was stimulative and revolutionary for
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  Speaker 3: its time. Now we just take it for granted. You
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  Speaker 3: think AI is going to do the same thing.
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  Speaker 1: Yet people are are petrified a change. I mean to
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  Speaker 1: your point with the Internet, I mean that was huge
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  Speaker 1: and people were fearful. And when we look at consumer
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  Speaker 1: sentiment that came out last Friday, it was down a
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  Speaker 1: little bit but basically unchanged. Uh. But you know, everyone's
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  Speaker 1: focusing on jobs now as as well as you know, uh,
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  Speaker 1: prayers is at the grocery store, which are valid and
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  Speaker 1: don't get me wrong, but really I think people are
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  Speaker 1: fearful of AI taking their jobs in the future. Now
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  Speaker 1: we don't know what that's going to look like but
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  Speaker 1: just like anything else, you know, if if things are
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  Speaker 1: done right, which you know partially they could be, we're
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  Speaker 1: going to benefit as as a society. But we have
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  Speaker 1: to be really careful as to you know that AI,
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  Speaker 1: who's controlling it, how it's unleashed, and in all of
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  Speaker 1: these other things going forward. But I think in the
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  Speaker 1: near term it's going to provide a huge benefit for
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  Speaker 1: the country. Now, you know, going back to the dot
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  Speaker 1: com bubble, I agree completely what the scary part was
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  Speaker 1: back then you had all of these companies that had
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  Speaker 1: zero value. They lost. E Toys is probably the greatest example, right,
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  Speaker 1: I mean they were, you know, ten times their market
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  Speaker 1: cap of their next closest competitor competitor, which was Toys
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  Speaker 1: r US. But they had negative sales every year of
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  Speaker 1: close to thirty million dollars. And then obviously everyone knows
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  Speaker 1: the story, right E Toys went out of business, Toys
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  Speaker 1: r US bottom and now Toys r US is out
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  Speaker 1: of business because they didn't believe in the Internet and
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  Speaker 1: e commerce and everything else. So there's a I think
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  Speaker 1: a couple of stories in there to learn from.
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  Speaker 3: Yeah, you know, it's so interesting you look back at
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  Speaker 3: all these companies that were household names and now nobody
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  Speaker 3: even remembers them, you know, the Blockbusters all in that stuff,
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  Speaker 3: and the technology did away with them. And you know, uh,
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  Speaker 3: if you're an analyst here and let's face it, your
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  Speaker 3: days are numbered. Yes, you've got to really use AI
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  Speaker 3: like no one has ever used AI before to really
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  Speaker 3: stay relevant here because otherwise I can just ask chat
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  Speaker 3: GPT and then I could go to five other ones
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  Speaker 3: and I can build a portfolio through AI that you know,
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  Speaker 3: it's going to be better than a random walk in
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  Speaker 3: the park, you know, than throwing darker absolutely right or yeah?
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  Speaker 1: And and so then you have to decide, right, what
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  Speaker 1: is the value proposition? You know, is it just the
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  Speaker 1: return or what else comes along with it? You know
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  Speaker 1: what what what value is your analyst, your advisor, you know,
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  Speaker 1: bringing to the table, Because that that's a real concern.
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  Speaker 1: In four or five years, things are going to change
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  Speaker 1: in light speed. It's it's going to be before we
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  Speaker 1: know it. And what's that going to look like? So,
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  Speaker 1: I mean we're seeing it in Hollywood, you writers in
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  Speaker 1: they're doing their first fully AI animated movie with no
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  Speaker 1: actors or anything. Now we're having these songs. I guess
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  Speaker 1: these high school kids. Well got that song and it had, however,
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  Speaker 1: many tens of millions of views and was number one
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  Speaker 1: in the world and it was all fake.
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  Speaker 3: Hey, and you got all those political fakes there. Oh,
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  Speaker 3: I got so absurd. They're so absurd that you know,
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  Speaker 3: nobody in their right mind would believe them. But you know,
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  Speaker 3: it doesn't really matter how absurd they are. Somebody is
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  Speaker 3: going to get upset, right, Well, that's the whole point,
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  Speaker 3: absolutely so. So yeah, I mean I don't fear AI
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  Speaker 3: because for me, it's making my my work easier, more effective,
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  Speaker 3: way more productive than I've ever been in my life.
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  Speaker 3: But if you're not in that particular niche, you got
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  Speaker 3: issues with it, right.
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  Speaker 1: Yeah, if you're looking at the wrong way, right, if
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  Speaker 1: you're looking at it like we are as leverage right now,
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  Speaker 1: it's it's a phenomenal tool. I mean, that's really it
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  Speaker 1: depends on how you're looking at it. You know, you've
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  Speaker 1: got to are you a glass half empty half full?
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  Speaker 1: I'm just happy to have a glass kind of a guy, right,
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  Speaker 1: you know, that's that's that's the key.
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  Speaker 3: Yeah, yeah, I love it. Well, a technology change, this
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  Speaker 3: is just accelerating the pace of change human beings for
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  Speaker 3: the most part, aren't really wired, aren't really set up
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  Speaker 3: for rapid change NonStop. You can deal with periods of change,
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  Speaker 3: but you can't deal with a lifetime of change. And
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  Speaker 3: I think that's what we're facing. I think that's what
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  Speaker 3: the challenge is. It's portfolio and you know, do you
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  Speaker 3: want to own the AI center, the company that builds
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  Speaker 3: the AI center, or do you want to own the
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  Speaker 3: company that sells them the electricity? Well, the potential returns
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  Speaker 3: for the AI center might be you know, explosive of
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  Speaker 3: but the the company producing the juice to feed the
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  Speaker 3: AI that one's like, that's a guarantee, right absolutely?
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  Speaker 1: Or why not have a balanced portfolio and include everything
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  Speaker 1: that's arounds AI. I mean, that's that's really the key.
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  Speaker 3: Yeah, so that.
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  Speaker 1: That way, excuse me, whether it's energy related, transportation, I mean,
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  Speaker 1: there's so many facets related to AI. People are so
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  Speaker 1: focused on just the chip And don't get me wrong,
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  Speaker 1: obviously that's that's done very very well over the last
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  Speaker 1: couple of years. But energy, I mean I think that
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  Speaker 1: that's that is going to be the home run over
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  Speaker 1: the next couple of years that people just aren't even
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  Speaker 1: thinking about yet.
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  Speaker 3: I couldn't agree with you, mark Ed, tell us where
• 13:43
  Speaker 3: we find you, how we connect with you, learn more
• 13:46
  Speaker 3: about what you're doing.
• 13:48
  Speaker 1: Absolutely, you can reach us at eg SI financial dot
• 13:52
  Speaker 1: com or on Spotify the Retirement Trainer and Yeah, just
• 13:58
  Speaker 1: reach out and we'll be happy to answer k any
• 14:00
  Speaker 1: of your questions on our block.
• 14:02
  Speaker 3: You got it all right? Hey, you got any questions comments?
• 14:04
  Speaker 3: Klatcarrie LUTs dot com. Link will be in the show
• 14:08
  Speaker 3: notes to this interview on Financial Survival Network dot com.
• 14:12
  Speaker 3: We're no longer running our own separate website anymore. We
• 14:15
  Speaker 3: trashed it. We're on substack. Best move I ever made,
• 14:19
  Speaker 3: and I hope you all like it. Sorry, we're not
• 14:22
  Speaker 3: aggregating all the content that we used to, but Google
• 14:26
  Speaker 3: made that approach really not viable anymore. I know a
• 14:31
  Speaker 3: lot of you out there miss it. But the good
• 14:34
  Speaker 3: thing is anytime I produce anything, you get an email,
• 14:38
  Speaker 3: you click that link, and you're watching or listening to
• 14:42
  Speaker 3: or reading anything that I produced. So the whole ecosphere
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  Speaker 3: is wonderful. Ed great to connect with you. We will
• 14:50
  Speaker 3: talk to you again soon.
• 14:51
  Speaker 1: Thanks, Gerry, I appreciate it.
• 14:52
  Speaker 2: Thanks for listening to Carrie Let's's Financial Survival network your
• 14:56
  Speaker 2: solution to today's trying times. For the li go to
• 15:00
  Speaker 2: Financial Survivalnetwork dot com. Financial Survival Network
• 15:05
  Speaker 1: Now more than ever,