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Silver's Endgame Has Begun - David Morgan #6355 · Financial Survival Network

0:00
Speaker 1: So our number one pick in the silver realm is
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Speaker 1: equivalent to having silver at two hundred and twenty dollars
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Speaker 1: right now. That is how much better this stock is
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Speaker 1: done than the silver price. The silver price double this
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Speaker 1: year and it's at sixty six. So think about that.
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Speaker 1: The second thing is, and I'd love to talk text
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Speaker 1: you know I hate it, but the capital gains on
0:21
Speaker 1: silver is far higher than it is on the stock.
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Speaker 2: You are listening to Carrie let'sa's financial Survival Network where
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Speaker 2: Survival Network now more than ever.
0:52
Speaker 3: And welcome you are listening to and watching the Financial
0:55
Speaker 3: Survival Network.
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Speaker 1: I'm your host, Carrie Let's.
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Speaker 3: Our good friend David Morgan aka Silver Guru, is with
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Speaker 3: us now. And David, I notice a lot of empty
1:07
Speaker 3: champagne bottles around your office there. Does that have anything
1:12
Speaker 3: to do with the sixty five dollars silver sixty six?
1:16
Speaker 1: It doesn't hurt, Carrie, it doesn't hurt at all. But
1:18
Speaker 1: I'm on record, and I think you know this, but
1:21
Speaker 1: I said years ago, if Silver ever it's one hundred,
1:25
Speaker 1: I will throw a party for It'll be RSVP. It'll
1:29
Speaker 1: be for people that have been members of the Morgating
1:32
Speaker 1: Report first and foremost. And then if we don't fill up,
1:36
Speaker 1: you know, the event, then we'll go to Expired's and
1:41
Speaker 1: then if that doesn't fill up the event, and it'll go
1:43
Speaker 1: to my free list, and if that doesn't fill up
1:45
Speaker 1: the event, it'll be open. I'm joking, but it will be.
1:48
Speaker 1: I'm actually working on and ahead of time, you know,
1:50
Speaker 1: I have to plan, yeah, and I was going to
1:53
Speaker 1: do it here in town, and I thought, you know,
1:55
Speaker 1: Spokane is just not the place. So I got a
1:59
Speaker 1: event coordination that I've used in the past, and I
2:01
Speaker 1: think Vegas because people like to go to Vegas. And
2:05
Speaker 1: you know, if it's a one ideal, which is when
2:07
Speaker 1: I'm planning, you know, come in maybe on Friday and
2:11
Speaker 1: we have our party and then you got the rest
2:13
Speaker 1: of the weekend to see a show or go out
2:16
Speaker 1: to eat or whatever. So I love it. Planning is
2:19
Speaker 1: in place, and there'll be a lot of champagne at
2:22
Speaker 1: that event.
2:23
Speaker 3: Well, I am going to make an offer to all
2:26
Speaker 3: of you out there listening that the top five of
2:30
Speaker 3: you that got closest to the date that silver hits
2:33
Speaker 3: one hundred, I will pay for your trips to Vegas
2:37
Speaker 3: from wherever you are in the United States. I'm not
2:41
Speaker 3: paying for you to come from China or wherever, but
2:45
Speaker 3: if you're in the US, I'll pay for your flight
2:47
Speaker 3: to Vegas, and I'll give you a couple of bucks
2:51
Speaker 3: towards the hotel, and we're going to have We're going
2:54
Speaker 3: to party like it's nineteen ninety nine. But David, like Sirius,
3:01
Speaker 3: there's like I wrote an article yesterday that basically what
3:06
Speaker 3: the banks are doing to try to the raids on
3:10
Speaker 3: silver or the equivalent of what was happening at the
3:13
Speaker 3: end of World War One, when the German artillery had
3:16
Speaker 3: basically worn out and they were still firing shells and
3:20
Speaker 3: they would go short and they basically kill their own troops.
3:25
Speaker 3: And you know, basically though, they had to keep doing
3:28
Speaker 3: it because that was the system in place. You know,
3:32
Speaker 3: these raids that they do, and you could call me
3:35
Speaker 3: a conspiracy theorist, I'm fine with that, but these raids,
3:38
Speaker 3: each one gets less effective.
3:40
Speaker 1: Have you noticed that. Oh yeah, there's a guy on Twitter.
3:43
Speaker 1: I think I retweeted it and I'll give the right
3:46
Speaker 1: idea at camp croud them exactly. But it used to
3:48
Speaker 1: take you know. I used to hit us and it
3:50
Speaker 1: would take weeks to recover. Then they started hitting us,
3:54
Speaker 1: and it would take a week to recover. Now they're
3:56
Speaker 1: hitting us, it takes a day to more recently, it's
4:00
Speaker 1: taken a day or two to recover. Now they hit us,
4:03
Speaker 1: it takes an hour to recover. Guess he's winning. That's
4:07
Speaker 1: about right.
4:08
Speaker 3: It's amazing to see it. I mean they're doing it now.
4:13
Speaker 3: You know, they knocked a buck, roughly a buck and
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Speaker 3: a half off of it. But it's going to get
4:19
Speaker 3: to the point where they actually do it and it's
4:22
Speaker 3: going to raise the price. That's my point.
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Speaker 1: Yeah, well it's very very strong, as you know, and
4:28
Speaker 1: as you just said, the paper side is losing power,
4:32
Speaker 1: and that's what you know. I've said it, Butler said it,
4:36
Speaker 1: you know, Craig MP. I mean, it's so many of
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Speaker 1: us and it's taken long and I expected to carry,
4:42
Speaker 1: but I said there'd be a day where a physical
4:45
Speaker 1: market takes over the paper paradise. And we've seen it
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Speaker 1: on the retail side a few times, but it's lasted
4:52
Speaker 1: a few days, you know. Even during a silver squeeze,
4:55
Speaker 1: it lasted for a while, and that was mostly retail.
4:58
Speaker 1: And then remember Rostam benham Or came out and so
5:02
Speaker 1: we got to tamp down the silver market. Remember that one. Anyway,
5:07
Speaker 1: we were in the thirties. But this time it's different
5:10
Speaker 1: because first of all, the price, secondly the duration. It
5:15
Speaker 1: just keeps on chugging along and they slam it and
5:17
Speaker 1: it comes right back up. It's a whack the mole.
5:20
Speaker 1: They hit it down. They're used to, Oh that's the
5:22
Speaker 1: end of that for a while. No pop right back up.
5:26
Speaker 1: So it's very interesting times and very satisfying to see
5:30
Speaker 1: the physical market take dominion over the paper pushers.
5:36
Speaker 3: And and you know, like you can see when they're
5:39
Speaker 3: doing it because they'll go hammer the stocks and then
5:43
Speaker 3: you know, then they'll hammer the silver. But I've seen
5:47
Speaker 3: it where they hammer the stocks and silver goes up anyway,
5:51
Speaker 3: And then when you watch it in the after hours,
5:53
Speaker 3: the access market in Asia and in Europe, it goes
5:58
Speaker 3: up there. And then the tell to me was the
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Speaker 3: day after Thanksgiving, which is normally the day they slam it,
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Speaker 3: and you know that we had a to I think
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Speaker 3: a two dollars and thirty cent gain maybe three bucks
6:14
Speaker 3: the day after Thanksgiving, and I'm waiting to see what
6:17
Speaker 3: happens the day after Christmas.
6:22
Speaker 1: Yeah, Now it's really very interesting. You know, in the
6:24
Speaker 1: access market, it used to always be their playground where
6:27
Speaker 1: there's very few trades and they could really gain momentum
6:32
Speaker 1: by slamming her down. And then what would happen. Of
6:35
Speaker 1: course that carry over in the opens on the other markets,
6:38
Speaker 1: and then there'd be you know, big down so then
6:41
Speaker 1: the margin calls would go out, which would cause further
6:44
Speaker 1: their downward pressure. But over the last I'd have to look,
6:47
Speaker 1: but probably six months I'm guessing learned that range. Yeah,
6:51
Speaker 1: the access markers had all the strength and they slam
6:55
Speaker 1: it and then goes right back up, as I just said,
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Speaker 1: and they are not used to it. They mean primarily
7:03
Speaker 1: the uh, well, the pay per paradigm, but that's primarily
7:07
Speaker 1: the four and eight banks that Ed Steer talks about continuously,
7:10
Speaker 1: that are bill on banks that get into advantage. Well,
7:14
Speaker 1: people don't know that how the future's market works, not
7:16
Speaker 1: only from the mechanics of it and what the contracts say,
7:20
Speaker 1: but from the idea that when you're a hedger, you
7:23
Speaker 1: get a thirty percent discount from the brokerage, from the CME.
7:29
Speaker 1: Because if you're hedging wheat and you're a farmer, then
7:32
Speaker 1: you know, since that's your product, mister farmer will give
7:35
Speaker 1: you a discount because you've grown the week. And why
7:39
Speaker 1: should you have to, you know, take all of your
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Speaker 1: capital to hedge a position where you're going to deliver. Well,
7:46
Speaker 1: that's true of silver, except none of these silver producers hedge.
7:51
Speaker 1: Very few. I shouldn't say none, None of my list hedge.
7:54
Speaker 3: They stop that they stop.
7:57
Speaker 1: It's the banks, the bullion banks, like they need a
8:01
Speaker 1: discount when they could could you know, print infinite infinite currency.
8:06
Speaker 1: It's it's ridiculous, but that's the rules, and that's what
8:09
Speaker 1: they have totally.
8:11
Speaker 3: Yeah, Well, supposedly JP Morgan switched sides and they're on
8:17
Speaker 3: the long side now and they've been building up their
8:21
Speaker 3: silver inventory, and that in itself is enough to upend
8:26
Speaker 3: the market, isn't it.
8:28
Speaker 1: It is? And that's something you know, going back and
8:30
Speaker 1: do you know, I'll call it the good old days,
8:33
Speaker 1: and I had I wouldn't say an argument, but I
8:35
Speaker 1: had a discussion with Ted Butler very early on, and
8:38
Speaker 1: you know, he was telling me, you know, all the stuff,
8:41
Speaker 1: and you know, big credit to Ted Bubber, but I
8:45
Speaker 1: was bringing forth the idea that well, we don't really
8:49
Speaker 1: know the net net because they could be short, you
8:52
Speaker 1: know in New York, but they could be long the
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Speaker 1: LBMA and that's really hey, we don't really know the
8:58
Speaker 1: true position. No, he agreed with me, but not you know,
9:02
Speaker 1: I was I was indict maybe they're not long, and
9:06
Speaker 1: I don't know, but don't you know. Yeah, but that's
9:10
Speaker 1: the idea, especially you look at you know. Eric Young
9:15
Speaker 1: has become very popular in the silver world the last
9:18
Speaker 1: several months, and I interviewed him once. I plan to
9:21
Speaker 1: do it again. But he talks about this kind of
9:26
Speaker 1: back and forth between the lbm A and the comacs.
9:30
Speaker 1: I've done the same thing. I mean in my earlier interviews.
9:33
Speaker 1: As you recall, you know each other for years. I
9:36
Speaker 1: used to always refer to the ACXIS as the Anglo
9:38
Speaker 1: American Empire. Yes, the London boys and the New York
9:43
Speaker 1: boys working together to.
9:47
Speaker 3: Well, we can't say manipulate, to influence, we could say influence, exercise,
9:54
Speaker 3: undue influence over the market. I think that's a fair assessment,
9:58
Speaker 3: don't you. I do indeed, yeah, well you know, but yeah,
10:06
Speaker 3: that's the thing. You don't really know their book and
10:08
Speaker 3: Martin arnstrat that this a number of times, like that's
10:13
Speaker 3: how they made their money because they'd be selling it
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Speaker 3: here and buying it in London and then you know,
10:19
Speaker 3: making the spread there. Basically arbitrageing and risk free arbitrage
10:25
Speaker 3: because they know exactly what's going to happen to the
10:29
Speaker 3: market once they start selling those contracts. But those days
10:33
Speaker 3: are gone, so it appears at least for the time being,
10:37
Speaker 3: and once they lose control, it's very hard to take
10:40
Speaker 3: control of a market again. And then not to mention, David,
10:44
Speaker 3: you've mentioned this so many times over the years, that
10:47
Speaker 3: the criticality of silver and the Trump administration acknowledging that
10:54
Speaker 3: that silver is a critical a critical mineral.
11:02
Speaker 1: Exactly, and that's you know, ah, and not knowing as
11:06
Speaker 1: far as how much silver will the federal government buy
11:10
Speaker 1: for the strategic stockpile. I mean, the Silver Eagle program
11:14
Speaker 1: was based upon the strategic stockpile that was sitting there,
11:18
Speaker 1: and some senator decided to go, well, what are we
11:20
Speaker 1: going to do with this stuff. Why don't we just,
11:22
Speaker 1: you know, make the law and make a treasury mint
11:26
Speaker 1: these things into one ounce coins, call them silver eagles,
11:30
Speaker 1: and sell them to the public and deplete the stockpile.
11:33
Speaker 1: What it's funny about that, Perry, is when that happened,
11:37
Speaker 1: they ate up the one hundred and thirty nine million
11:39
Speaker 1: ounces fairly quickly. But in the original law you had
11:42
Speaker 1: to source domestic produced silver to continue the silver eagle program.
11:47
Speaker 4: Right.
11:48
Speaker 1: Well, once they ran out of metal, they figured out
11:51
Speaker 1: the sourcing from the US of A was so pitifully
11:55
Speaker 1: small they couldn't even get enough eagles produced. So they
11:59
Speaker 1: had to change law to get source silver from anywhere
12:02
Speaker 1: they could get it to continue in the silver eagle work.
12:06
Speaker 3: You know, I quote you like so many times, David,
12:09
Speaker 3: like you're the one who first called it that. I
12:12
Speaker 3: remember a Johnson slug and I wrote an article. I
12:17
Speaker 3: wrote an article because you know, we're talking about sixty
12:20
Speaker 3: years of silver suppression. Actually it's much longer than that,
12:24
Speaker 3: but in the modern era, and sixty five was the
12:28
Speaker 3: key because that's when the price of silver was exceeding
12:34
Speaker 3: the value the face value of the coins, and the
12:39
Speaker 3: government knew this and Johnson basically demonetized the coinage, and
12:45
Speaker 3: there was a big stink about it. I didn't even
12:48
Speaker 3: know I wrote the article.
12:49
Speaker 4: I got an email from a guy who said his
12:54
Speaker 4: father was Frank Church, Senator Frank Church, and he totally
12:59
Speaker 4: vehement opposed taking silver.
13:01
Speaker 3: Out of the coinage. And he was famous senator. He
13:06
Speaker 3: challenged the intelligence community through the Church Committee. You know,
13:10
Speaker 3: he was a straight shooter, and there were eleven senators.
13:13
Speaker 3: So I said, you know, we just talk about this,
13:16
Speaker 3: but I never really researched how it went down. I
13:20
Speaker 3: was only eight years old. You got a couple of
13:22
Speaker 3: years on me, but you weren't that old either. And
13:25
Speaker 3: Levin it was a psyop. Basically LBJ said silver is
13:30
Speaker 3: too valuable to use his small change. That was his rationale.
13:35
Speaker 3: And what was interesting, you know, Kennedy was killed. So
13:39
Speaker 3: they made the Kennedy half dollar in sixty four. It
13:44
Speaker 3: was ninety percent silver, and instantly it disappeared from circulation
13:49
Speaker 3: because people basically as a collector kind of remnant type
13:54
Speaker 3: thing curio. And then they said, well, we can't make
14:00
Speaker 3: a half dollar out of just copper clad Johnson's slug
14:06
Speaker 3: because that'll cheapen the memory of Kennedy. So the least
14:10
Speaker 3: amount of silver they could put in that coin, David,
14:13
Speaker 3: was forty percent to still make it sound like a
14:17
Speaker 3: silver coin when you dropped it, and make it look
14:19
Speaker 3: like a silver coin. And that's why we got forty
14:23
Speaker 3: percent half dollars from sixty five to seventy and then
14:28
Speaker 3: even those got hoarded, snapped up and out of circulation.
14:33
Speaker 3: So finally they just gave up in seventy one, I guess,
14:37
Speaker 3: and only for special you know, mint sets. You know,
14:42
Speaker 3: I've been buying mint proofs for their metal value, David.
14:47
Speaker 3: It's amazing, like proofsets, ninety percent proof sets for metal value.
14:53
Speaker 3: It's unbelievable.
14:54
Speaker 1: This market, it is crazy how I had that Well
14:59
Speaker 1: you know this, but there's a couple of interesting outfits.
15:03
Speaker 1: I'll put it in that context. And what they do
15:06
Speaker 1: is they buy mint boxes from the Treasury every year
15:10
Speaker 1: and do these huge advertising campaigns that you can buy
15:12
Speaker 1: a proof MS seventy or twenty twenty six silver Eagle
15:16
Speaker 1: for seventy bucks, well now sixty six, so for one
15:21
Speaker 1: hundred and twenty bucks, and so people buy those and
15:25
Speaker 1: then what they find out is when they go to
15:27
Speaker 1: resell them, they basically sell for you know, face for
15:31
Speaker 1: not face for silver's value. So you know, so if
15:36
Speaker 1: at sixty six bucks they paid one hundred twenty a
15:38
Speaker 1: year later they go so for the seventy bucks, tim
15:40
Speaker 1: I get seventy two. Anyway, at the point I'm making
15:42
Speaker 1: so I called the wholesalers. I said, how many slabbed
15:48
Speaker 1: seventy you know proof? You know? Have you got? He
15:52
Speaker 1: goes all, I got a big number. So well I
15:55
Speaker 1: don't need that many, so send me, you know, two
15:58
Speaker 1: boxes which are twenty and heaps. They're all slabbed. You
16:01
Speaker 1: know what they look like, right?
16:02
Speaker 4: Yeah?
16:02
Speaker 1: Sure? And so and what did I paid for those?
16:05
Speaker 4: Darn?
16:05
Speaker 1: I paid pretty much the same as you'd pay for
16:09
Speaker 1: any silver coin. Yeah, I mean there's an example right there.
16:12
Speaker 1: I think you see all my height, But anyway, it's
16:16
Speaker 1: a slab silver coin. Sure. And then I would give
16:19
Speaker 1: them out for new subscribers at the gold shows like
16:22
Speaker 1: where I met you, you know, run up for the
16:25
Speaker 1: morganport here at the show and have a slab SEMENTI
16:30
Speaker 1: proof now silvergal.
16:32
Speaker 3: Mm hmm, yeah, unbelievable that even the even the silver
16:37
Speaker 3: in these proof sets. You know, it's always worth something,
16:41
Speaker 3: but but that the melt value is greater than the
16:44
Speaker 3: collectible value. Now, I mean I bought uh all the
16:48
Speaker 3: quarter sets. I bought a few of them, Ok, you
16:51
Speaker 3: know the fifty States quarters, and I bought them like
16:55
Speaker 3: four weeks ago, and basically at melt value plus the
17:00
Speaker 3: face value of the non silver coins, I got them
17:04
Speaker 3: for less than that, so you can't go wrong. Is
17:07
Speaker 3: a discount, and now they're worth God only knows, but
17:12
Speaker 3: you know they weren't. Everybody could buy them. But so
17:16
Speaker 3: if you're late to the show for silver, what's the
17:19
Speaker 3: first thing you would do?
17:20
Speaker 1: David? If you were in that.
17:21
Speaker 3: Position, if you just figured out one day that silver
17:25
Speaker 3: is really going to be money again and it's something
17:28
Speaker 3: you should be buying, and you don't have a lot
17:31
Speaker 3: of money, how do you get into it?
17:34
Speaker 1: Well, I just wrote an article and got posted on
17:37
Speaker 1: the web somewhere, and I just said, really, if you're
17:40
Speaker 1: going to start, start where I pretty much I've always
17:44
Speaker 1: recommended carry, and that's with a bag or half bag
17:47
Speaker 1: or a quarterbag of what's called junk I prefer to
17:50
Speaker 1: call constitutional silver because it's selling that a discount. I
17:53
Speaker 1: know some of your more retail type places are selling
17:58
Speaker 1: it for for melt, but you didn't get it for
18:03
Speaker 1: two or three dollars under spot or under melt if
18:06
Speaker 1: you know where to go, and of course that's you know,
18:10
Speaker 1: I'm not going to say the names on any public domain,
18:13
Speaker 1: but if you find me on X, send me a
18:15
Speaker 1: DM a direct message and say, hey, you're interested in
18:17
Speaker 1: buying a constitutional below spot, and I'll connect you with
18:23
Speaker 1: the people that I know that are close to wholesale.
18:26
Speaker 1: And so that's a good place to start. Plus it's
18:29
Speaker 1: case scenario Jesus was having a barter or probably very
18:34
Speaker 1: small now, but that doesn't mean you still couldn't use
18:36
Speaker 1: it in a transaction, give it out as tips. I
18:40
Speaker 1: think there'll be more and more used for silver as
18:43
Speaker 1: money as time wears on, even if it's unefficient. You know,
18:48
Speaker 1: for example, the Mortgag report. You know, if you want
18:50
Speaker 1: to pay me in silver, I'll give you a twenty
18:52
Speaker 1: percent discount. Sure yeah, well yeah, so if you were
18:56
Speaker 1: to pay me in THEOT paying five hut, but if
19:00
Speaker 1: you're had to pay me in silver, I'll take four
19:02
Speaker 1: hundred silver equivalent.
19:04
Speaker 3: I think for large items people will start I think
19:10
Speaker 3: people will be buying houses for silver. In fact, I
19:13
Speaker 3: was thinking of starting a new business, David cash for
19:17
Speaker 3: silver instead instead of cash for gold. Right, sure, yeah,
19:24
Speaker 3: a new South Park episode.
19:26
Speaker 1: There we go.
19:28
Speaker 3: So well, hey, it's nice to be right once in
19:30
Speaker 3: a while. And so Morgan Report still going strong. How
19:36
Speaker 3: do you subscribe to it?
19:39
Speaker 1: Yeah, just go to the Mortar Report dot com. So
19:41
Speaker 1: I end up for free, that doesn't cost you anything.
19:44
Speaker 1: And then if you're interrupt us to then the best
19:48
Speaker 1: opportunities that we have, then certainly look at the subscription service.
19:53
Speaker 1: And I's w I thought this out there. I don't
19:54
Speaker 1: want to name any names. I'm too professional, but there's
19:57
Speaker 1: been a lot of chatter from time to time about
20:00
Speaker 1: you know, you just want golden selfer only you don't
20:02
Speaker 1: want the stocks and on aggregate, that's true. I mean,
20:05
Speaker 1: if you buy a mutual gold mutual fund, and you're
20:08
Speaker 1: probably going to do as well or better or slightly
20:13
Speaker 1: better than or slightly less than gold itself. But if
20:17
Speaker 1: you buy the right stocks, there's no question how much
20:20
Speaker 1: better you can do. Give you two examples. Number one
20:23
Speaker 1: my favorite, and I weight the portfolio. So big money
20:26
Speaker 1: goes into these things, not you know, expecuative. This is
20:29
Speaker 1: serious investing. So our number one pick in the silver
20:33
Speaker 1: realm is equivalent to having silver at two hundred and
20:36
Speaker 1: twenty dollars right now. That is how much better this
20:39
Speaker 1: stock is done than the silver price. The silver price
20:42
Speaker 1: doubled this year and it's at sixty six, so think
20:45
Speaker 1: about that. The second thing is, and I'd love to
20:49
Speaker 1: talk tax, you know, I hate it, but the capital
20:52
Speaker 1: gains on silver is far higher than it is on
20:55
Speaker 1: the stock. So not only have you gone up so
20:58
Speaker 1: sixty six, roundred seventy, it's three hundred percent, three times
21:03
Speaker 1: greater in value or in dollars or in fiot so
21:09
Speaker 1: two hundred and twenty, and your tax rate is a
21:11
Speaker 1: lot less. So your net net is far superior owning
21:15
Speaker 1: that silver company than it is owning silver. Now I
21:18
Speaker 1: advocate both. I'm not selling my book because I mostly
21:22
Speaker 1: work on the equity side, sometimes the futures and option
21:25
Speaker 1: side ETFs. But that's number one. Number two is if
21:31
Speaker 1: you bought Pan American when I bought it, you know
21:33
Speaker 1: what my dividend is. Well, if you look at the
21:36
Speaker 1: stock exchange is going to say like two percent. But
21:39
Speaker 1: if you take my dividend and I'm getting one, I
21:41
Speaker 1: bought it a two fied I'm getting over ten percent
21:45
Speaker 1: on my silver invest every year. Why because it was
21:49
Speaker 1: an investment. It's a buy and hold, you know, and
21:52
Speaker 1: that stocks up well over ten times. But anyway, but
21:58
Speaker 1: there's a point to be you know, I want to
22:00
Speaker 1: be fair. If you buy a gold mutual fund, you're
22:03
Speaker 1: probably gonna do just almost as well buy gold. But
22:06
Speaker 1: if you buy the right stocks, you can beat the
22:09
Speaker 1: crap out of the metal. Now again, you should have both,
22:15
Speaker 1: and I've told everyone before you you know, subscribe the
22:17
Speaker 1: mortga to report the paid version. You should own physical
22:20
Speaker 1: gold and silver. But once that is accomplished, if you
22:23
Speaker 1: want to leverage a position with the least risk, there's
22:27
Speaker 1: risk in all stocks, we know that, but the least
22:30
Speaker 1: risk cash cash rich, unhedged mining companies, and most of
22:35
Speaker 1: those are royalty companies that we specialize in. And I'm
22:38
Speaker 1: just shooting straight, you know. So you bought early, you're
22:42
Speaker 1: getting big dividends. Taxes are much less than on the
22:45
Speaker 1: metal itself, and so there are advantages to having both.
22:51
Speaker 3: Absolutely for sure. I couldn't agree with you more. And
22:55
Speaker 3: that's how I'm aligned as well. And you know, I
23:00
Speaker 3: don't think the Western civilization is disappearing yet, but it's
23:06
Speaker 3: certainly taken a hit or two. So it's the Morgan
23:09
Speaker 3: Report dot com. You've got any questions for David myself,
23:13
Speaker 3: shoot me an email kl Atcarrie LUTs dot com. You
23:16
Speaker 3: can find me Financial Survival Network dot Comcarrie LUTs dot com. David,
23:21
Speaker 3: great to talk to you. I'm looking forward to the
23:23
Speaker 3: party and we will talk to you again soon.
23:26
Speaker 1: Looking forward to seeing in person.
23:27
Speaker 2: Thank you, Carey, thanks for listening to Carrie Lutz's Financial
23:31
Speaker 2: Survival Network your solution to today's trying times. For the latest,
23:36
Speaker 2: go to Financial Survivalnetwork dot com. Financial Survival Network now
23:42
Speaker 2: more than ever,