Latest / Financial Survival Network / Gold and Silver Markets Revolution - Andy Schechtman #6088

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Gold and Silver Markets Revolution - Andy Schechtman #6088 · Financial Survival Network

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And so you know, when you see this kind of sophistication, coordination,
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this kind of well, it should be something that shouldn't be taken or shouldn't
0:09
be underestimated, and it should be taken very very seriously. So yeah,
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you know, I think it's just beginning. But it's not just China.
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If you look at India, they bought their reserve bank bought one and a
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half times the amount of gold they bought all of last year, just in
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the first four months of this year. And following a theme that we continue
0:27
to see across the globe, they then repatriated one hundred metric tons from the
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Bank of England, which means they're holding almost all of their gold right now.
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That gold has been there since nineteen ninety one, much of it.
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They would leave gold these countries at the Bank of England to trade on the
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LBMA and at the New York Fed to trade on the Colmax. Well,
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what did we just see? We just saw what banks? Did we just
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see pull their metal out of the Colemax. You were listening to Carrie Letz's
0:57
Financial Survival Network, where you get valued information you just can't find anywhere else
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to thrive in today's trying times. You need the Financial Survival Network now more
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than ever. Go to Financial Survivalnetwork dot com and get your free newsletter and
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gift. Financial Survival Network now more than ever. And welcome you are listening
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to and watching the Financial Survival Network. I'm your host, Carrie Lutz.
1:29
With us is the esteemed Andy Sheckman. You know him well from Miles Franklin
1:34
dot com. One of the largest bullion dealers in the country and in fact
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the only one that I personally trust, having gone back nearly fifteen years.
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And Andy, we used to say when you buy the ship, you know,
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crazy things going out there, going on out there. I mean gold
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hit twenty four fifty hold back ever so slightly. As we're talking now in
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midje it's twenty three eighteen and change for gold silver hovering just under thirty bucks
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again at twenty nine point forty. What should you take from all that's going
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on? Now? You know, it seems to me over the last several
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months carry and first of all, it's good to be here and crazy how
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fast fifteen years flies by. I guess as you get older, it just
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my dad always says, like a roll of toilet paper, it spins faster
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and faster and faster. When you're young, you don't notice the passage of
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time nor the depletion in the role. But as it starts to get closer,
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as you get older, you see it spinning faster. You notice the
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cardboard a little sooner. But anyways, it's good to be back. Yeah.
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It's like the gold and silver markets almost seem to be playing by a
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new set of rules, and things seem to be very different. There's certainly
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a battle being waged between you know, the cartel bullion banks who are wickedly
2:55
short, and the commercial banks and the central banks who have insatiable appetite for
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commodities, which to me seem to be there's a growing realization that these commodities
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are worth more than the currencies that purchase them, and that's a big deal.
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So yeah, I think if I were to sum it up, I
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would say that what for decades has been this trend of the price being set
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by the Western banks and the Western institutional investors seems to be breaking down.
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And I think the underestimation of the West, or the significance of the Western
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goal shifting eastward and commodities in general eastward is. The underestimating of this significance
3:39
is baffling to me, and I think it will be a big mistake.
3:42
So, yeah, things are changing, that is for sure, and commodities
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in particular seem to be at the center of this change, and I don't
3:51
think that will change anytime soon. Yeah. Well, I talked with our
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mutual friend Rick Rule last week and gave me some real insights. You know,
4:02
a market that was like almost completely neglected natural gas. He likes to
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buy really cheap when things are trading at prices that they can't possibly keep going
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at, and then just be patient and don't lose conviction and hang around.
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And you know, we saw it with gold, We saw it with silver.
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You know, my good friend Nick Santiago called the bottom of silver at
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seventeen bucks and it's never looked back. I mean, how high can these
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prices go in terms of dollars? Well, a lot higher than people think
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possible. And I've heard Rick say that many times that the most money he's
4:42
ever made it would be buying assets that have been you know, left for
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dead. And that's the whole idea between buying low and selling high. We
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all learned that when we were little kids, but no one ever really does
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it. But when you realize, as an example, that the lbma AS
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is trading two hundred and ninety two million ounces of silver per day and twenty
5:04
million ounces of gold per day, but yet admits that their platform is trading
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actually ten times the volume. They say that they're settling. In other words,
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if I buy ten and sell twenty, or let's say I sell twenty
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and buy ten, and that result is ten, and so they'll just publish
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those ten, not the thirty trades, which would mean they're trading what two
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hundred million ounces of gold per day at two point nine billion ounces of silver
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per day. That re hypothication, the issuing of way more contracts than there
5:36
are bars behind it enables the price to be suppressed. But what's different now,
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and I would say this time it is different, and really been culminating
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over the last few years, is the sophistication, the understanding, the coordination
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and the wealth of the countries in the global South and Southern hemisphere that understand
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that this is a new game as old an poser says, all about commodities
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and they are standing for delivery using the brain dead suppression that these bankers put
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on the exchanges to support the illusion of bond supremacy and of a strong dollar
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to their advantage, and they're draining the world's exchanges. The LBMA is down
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to its second lowest level of silver in history. The Shanghai Gold Exchange down
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to their lowest level of silver in I don't know how many years the comes
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we've been talking about, all the deliveries off of comex. It's not just
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silver. Five weeks ago Friday, we saw five hundred billion ounce of five
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hundred billion dollars rather worth of goal delivered off of Comex and it ended up
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in Hong Kong. And I don't think a lot of people understand this,
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but there was a contract that was developed in two thousand. Let me see
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if I can find the actual date. There was a contract that was developed
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in twenty fifteen. And this contract, what it allows for is the delivery
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of gold to a Comex based warehouse in Hong Kong. It's a Brinx facility
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in Hong Kong. And just about anything that is delivered to Brings Hong Kong
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has done on what's called an exchange for physical basis, where the contract is
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bought in the West and then delivered in the East. And five weeks ago
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Friday, we saw five hundred million dollars worth of gold. The number was
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seven five hundred and sixty kilo bars of gold, which is what the mini
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contract is on COMEX and it is what is traded on the London Metals Exchange.
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So you're talking, you know, who's got that kind of bread for
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seventy five hundred and sixty kilo bars or just over five hundred million dollars worth
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of gold delivered to Hong Kong. And the idea or the thought is is
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that these bars are then immediately put into a truck and driven to the Shanghai
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Gold Exchange, where they are then disseminated to the countries who are accumulating physical
8:07
metal using the Western suppression to do so. And so you know, when
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you see this kind of sophistication, coordination, this kind of well, it
8:16
should be something that shouldn't be taken or shouldn't be underestimated, and it should
8:20
be taken very very seriously. So yeah, you know, I think it's
8:24
just beginning. But it's not just China. Like you look at India,
8:26
they bought their reserve bank bought one and a half times the amount of gold
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they bought all of last year, just in the first four months of this
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year. And following this theme that we continue to see across the globe,
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they then repatriated one hundred metric tons from the Bank of England, which means
8:43
they're holding almost all of their gold right now. That gold's been there since
8:46
nineteen ninety one, much of it they would leave gold these countries at the
8:52
Bank of England to trade on the LBMA and at the New York Fed to
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trade on the Comax. Well, what did we just see? We just
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saw what banks did we just see pull their metal out of the colemes We
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saw I don't know if I have it here, I can tell you was
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Egypt, it was Saudi Arabia, and a half a dozen African countries they
9:13
did the exact same thing. I don't have it written down, but I
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read it just recently. Where you know, all of these banks over the
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last month and a half, these central banks have been repatriating their goal both
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from the New York Fed and from the Bank of England. And this is
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a constant theme of removal of counterparty risk And can you blame them when you
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see the House say we're going to confiscate, not just sanction and freeze the
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five billion that were holding of the Russian assets. We're going to take it.
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We're going to give it to the Ukraine in the form of weaponry.
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And then you have the European Union that said we're going to freeze, of
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course not steal outright yet, but we're going to steal the interest from the
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securities that we are holding of Russian assets and use it to fund the Ukraine.
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So it's one thing to sanction, it's another thing. And again half
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of the world believes it, the West in particularly the United States, in
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the UK and it believes that we are hypocritical for all the things that we
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do that have no recourse. Yet other countries do things that have great recourse.
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Well, these countries, it's one thing to sanction, it's nothing to
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steal and to use it to fight or to fund the country that you stole
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it from that they're in a war with. This is a line in the
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sand you don't come back from very easily. This is breaking a glass against
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the wall and then thinking you can put it back together before mom and dad
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come home. I don't see it happening. So, yeah, gold and
10:37
silver have never been more important, not for any other reason. Then you
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can see the biggest and most well informed money in the world making concerted effort
10:46
to accumulate it under the cover of Western market suppression and then repatriate it with
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little or no media attention. But when you see all these countries, in
10:56
particular Saudi Arabia repatriot their gold from the New York fed, these countries don't
11:01
trust us anymore. And this is all about counterparty risk or the removal of
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counterparty risk, all right, So let's bring it more personal. Your business,
11:11
all right. I know it's been booming for the past eighteen months,
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almost to the day you moved down to Florida. Things like took off.
11:18
It's like you did the ultimate short sell. You shorted, you shorted to
11:22
Minnesota and you bought long in Florida and kind of that's what's been happening in
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your business. Basically, your clients are getting out of dollars and getting into
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physical assets. Correct. Yeah, And but what's interesting, Harry, is
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that I would say in large part since December of last year through maybe four
11:50
weeks ago, it's changed lately. But you know, the first first almost
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the first half of this year has been characterized by a lot of selling into
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the market. You look at the global or the US ETF holdings are falling
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at a forty five degree angle, which would Bill Holter will tell you that's
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the big money backdoor in gold out of the ETFs. But a lot of
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it has to do with the traders, or not the traders, the investors
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who have been selling GLD and maybe chasing things like in video or bitcoin,
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who knows, or maybe paying bills in this highly inflationary world we live in,
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where the cost of living has accelerated so much, I don't know,
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but there has been a good deal of selling into the market, and which
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confuses me in a great great way. I mean, looking at what Rick
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says to me, that's a contrarian indicator, and where you see the public
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selling at the same time the smartest and most well funded and informed money in
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the world, the commercial and central banks have been massively accumulating it. So
12:48
we've seen a little bit of reversal here lately. But when I look around
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and I see the idiocy of our policy abroad and here at home, where
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the borders and the immigration process the electoral process and judicial system, the lawlessness
13:07
in the cities. All of these things are not lost on the rest of
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the world and horrify me. I you know, I'm surprised that people would
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be letting go of their metal in search of quick returns in things like in
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video or bitcoin, because I think this is the time, more than ever
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where you need to really fold on tight to your conviction and have strong fingertips
13:31
because things are about to change, I think in a meaningful way. When
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you see these central banks accumulate the way that they are and then repatriate the
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way that they are, that's significant. Then it shows a lack of trust
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and the lack of faith in the Western system and lack of trust in the
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governments that control it. So, yeah, things are shifting. Things are
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moving, no question about it. Yeah, and for good reason too.
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And that's and your business has been a direct beneficiary of this. I think
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a lot of individual rules are starting to catch on. And look even China,
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right the real estate market is crumbled, it's imploded. So people in
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China if they do have any money left, and you know, literally hundreds
14:13
of millions of people who were gladly included in the middle class are now out
14:18
of the middle class, but the ones left, they don't trust the yuan
14:24
by any stretch. And I remember I was there in twenty and seventeen and
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guy was telling me, no, no, I'm not into gold. I'm
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into real estate. Real estate's where it's at. And I haven't talked to
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this guy in a while, but I guarantee it his attitude has changed.
14:43
Yeah, I'm sure it would change, and rightfully so. But I think
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you could say the same thing about the dollar about our markets in general.
14:54
You know, our bond market, which was its worst performing year ever maybe
15:00
in twenty twenty three, as they raised rates five hundred basis points in a
15:05
year where the first time ever in forty five years. Anyway, the price
15:09
of gold had less volatility than the ten year treasury. So I think what
15:13
you see there is the best laid plans need to be reevaluated from time to
15:18
time. But all of this, you could argue, is that you know
15:22
the symptom of a over leveraged and undercapitalized world where everything is on leverage and
15:28
just as bullish as it was for asset prices in a low infrastrate, easy
15:35
money, leveraged environment. The deleveraging in an environment where when this stuff starts
15:43
to break as it appears, I think it's bound to anyway, the lack
15:50
of credit or the contraction of credit will be something that will amaze people,
15:54
because the amount of credit that is applied everywhere in this asciety is what makes
16:02
the system move. And if you start to rein in and liquidity dries up,
16:07
as banks begin to feel pressure, and again, you know everyone talks
16:11
about rates going down, I see rates ultimately going higher. Yeah, the
16:15
Fed may try to lower the short term rates, but the ultimate you have
16:19
to ask yourself, who in their right mind would buy treasuries of any duration
16:22
in the country who has chosen to weaponize the treasury market, confiscate Russian assets,
16:29
Russian treasures and give them to the country that they're fighting. Who would
16:33
trust that in an environment where the treasury market has gotten walloped as rates rose
16:38
at the hand of the Fed, and then a country that has chosen inflation
16:42
over austerity always and will continue to do that. We were printing, We're
16:47
adding a trillion dollars every hundred days, that two hundred years to do that,
16:52
Why would anyone buy our treasures? And even if the budget was balanced
16:56
today, which it's not. Who's going to pay for the ninety nine trillion
17:04
dollars shortfall in Medicare Part B, the twenty two trillion dollars shortfall Medicare Part
17:10
D, the seventy seven trillion dollars shortfall in Social Security, government military pensions
17:15
and entitlements that are all off balance sheet and not funded. Who's going to
17:18
pay for that? And you got the Congressional Budget Office, which is a
17:23
nonpartisan group, maybe the last one in Washington, who said, by twenty
17:29
thirty one, one hundred percent of tax revenue will go just to pay the
17:32
interest on the debt and the mandatory of titlement spending like Social Security. And
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that doesn't even take into account the the seventeen million people that are in here
17:44
illegally. Who's going to pay for them their food, they're clothing, they're
17:47
housing, they're schooling. And if you realize that military spending is discretional,
17:53
not mandatory, it was going to porrow money to an insolvent broke country that's
17:59
lost their bearing to fund their military that's going around the world bullying people nobody.
18:03
And so when you talk about rates going lower, it's a bunch of
18:07
crap. Ultimately they have to go higher. And in an environment where rates
18:10
go higher and the strain on an overleverage, under capitalized system becomes real,
18:15
yeah, you'll see an unwinding of credit that will, I think, be
18:18
exponentially more devastating than the extension of easy credit and cheat money. In essence,
18:26
the inverse in this world that is as leveraged as it is could be
18:29
very shocking. So this is not about buying gold and silver to become wealthy
18:33
carry It's because it is wealth and the biggest money in the world, the
18:37
central banks who know the playbook. They're not only their rampant accumulation, but
18:41
their removal of counterparty risk by repatriating is huge. I think it should not
18:48
be underestimated. And this flow of gold and commodities, whereby commodities are becoming
18:53
worth more than the currency that buys them, this flow from west to east,
18:57
it shocks me how underestimating the talking heads are at looking at this.
19:07
They're underestimating the significance of this, and it's a big deal. So yeah,
19:10
I think now more than ever it's time to be a contrarian, or
19:14
you'll end up being a victim. Yeah, I could not agree with you
19:18
more. And you know, it's just you really don't have a lot of
19:22
choices. How do you feel about bitcoin these days? I mean it's trading
19:26
mid sixties now. I generally buy a little bit every Sunday night as I
19:33
find the prices pulled back on the weekends. Generally not always, but a
19:40
little bit here, a little bit there. Have accumulated a nice little position
19:42
in it. It's up. It's up forty percent from when I started.
19:48
I would swing traded for a while, and then after it started making getting
19:52
close to new highs, I ended that practice just accumulated. Obviously, you
19:59
can't put it in your hand, you can't hold it, you can't touch
20:00
it, you can't bite it to make sure it's real. But it still
20:07
appears to be an asset that has value. Yeah, I mean it does.
20:11
I guess I look at things from I mean, look, I don't
20:15
want to be in a position, Carrie where I look back and say,
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damn it, I should have done that. I knew I should have done
20:21
that. Most of us do that in our lives at some point or another.
20:23
We don't trust our intuition. And while I don't truly feel the same
20:29
way about bitcoin in any way, shape or form that I do about physical
20:33
commodities. I have largely due to some conversations I've had with guys like Mark
20:38
Moss and Natalie Burnell. I've been dipping my toe in, little little bit
20:44
at a time. Every couple of weeks I had a little bit of bitcoin
20:47
to my portfolio. I don't own a lot, but I own enough to
20:49
where I will not punch myself in the ear if I was wrong. Look,
20:53
the one asset that all the central banks are buying is gold and physical
20:59
commodities. But I would be remiss if I didn't at least have a toe
21:03
in the water as it pertains to bitcoin. Last time I said something like
21:07
this publicly, I got an email, first one I've gotten a long time
21:11
from our old friend who you know, who's saying what about me? I
21:14
told you about this a long time. Going to his credit, he did,
21:18
he just lacked the decorum in the way of speaking in a way that
21:21
resonated with me. So in having lunch with Mark Moss and Natalie Burnell in
21:25
Vancouver, their manner and method of disseminating the information was such that it resonated
21:33
with me, and so I've added a little bit, and so I'm not
21:38
adversarial with it. And I think it's a mistake for our two camps to
21:42
be adversarial. We should be complementary because in essence we both I think see
21:48
the reason the same, and that is, you know, the idiocy and
21:55
irresponsibility of our fiscal policy and the brain dead monetary policy. The different it
22:00
really to me is that one camp wants to get wealthy and the other camp
22:03
wants to not lose what they've made. And so if we marry those two,
22:08
you can have the exponential growth potential a bitcoin and the savings, the
22:14
historical savings and keeping pace with inflation value of gold. And so you take
22:19
chips off the table that you profit and you put it into the other pocket
22:23
that's gold. So we should be complementary of one another, not adversarial.
22:26
And that's really the most important thing here. So I can't go around in
22:30
good faith saying this if I don't own a little bit of it. So
22:33
I have been buying a little bit, and I'm glad that I did.
22:36
But I'm a hard asset commodity in your hand type of guy. So It's
22:41
not an easy thing for me to do, but I understand the argument enough
22:44
to where I've acquiesced and I am doing it. Hey, totally, I'm
22:48
totally agreeing with you. And same here. I was always a died in
22:56
the wole hard asset investor, for sure, and I like having the hard
23:03
metal in hand. But on the other hand, you know, it's like
23:07
you have to be a fool not to recognize that when you have ETFs all
23:12
over the place, right and everybody is more and more people are pouring into
23:19
this asset class not a currency. I will never call it a currency until
23:25
I could send Miles Franklin my bitcoin and get gold. But yeah, well
23:30
we do take it through bit and pay. No pay is a a is
23:34
a group where you we issue a bit pay link and the funds go to
23:37
the crypto goes to bit pay, they pay us dollars. So it shocked
23:41
me how efficient it is. I had someone do a very large order using
23:45
a theorium that was like three million dollars and the money came to us in
23:49
literally seconds and cleared and we shipped it out right away. That's something that
23:55
certainly you could argue that cryptocurrency is far more efficient than the ant equated swift
24:00
and wire system that didn't take a long time and has to go through intermediary
24:04
banks and the whole nine yards. So yeah, you know, there are
24:07
certain part of this whole process that really is intriguing. But you know,
24:12
it's like I'm afraid to even put my thumbnail thing, thumb drive thing into
24:18
the computer. I mean, it scares me. I don't know what the
24:21
hell I'm doing, have a friend who helps me do it, and you
24:23
know, again, it's like I'm like an old timer who the kids laugh
24:27
at, you know, but you know what you know, right, and
24:33
and I'm good at what I do, and every time I've tried to do
24:36
something else, I'm really not so good at it. So I but I'm
24:40
acquiescing here. You know, the old dog can learn some new tricks,
24:42
begrudgingly, and we'll see what happens. You know, I don't want to
24:47
go back and say, damn it, I knew I should have done that,
24:48
So stake. The moral of the story is trust your gut, listen
24:52
to your voice, and if you're wrong, it's easier to be wrong when
24:56
you did it on your own volition and weren't talked into it, and when
25:00
you're right, it's a whole lot better. It's it's kind of like clients
25:06
when you're telling you you present them with something and they do it and it
25:08
goes the right way, they're a genius. But when it doesn't, you're
25:11
an idiot. And what goes on? I would write it, I listen
25:17
to you. Yeah, I'd rather take accountability for my actions. Yeah,
25:22
hey, same here in the end, you are always responsible, whether you
25:26
will like to blame it on somebody else or not. It's you wrote the
25:30
check, you put it button right you. But just on bitcoin, I've
25:36
got four tenths of the bitcoin floating out there, and luckily when I lost
25:41
it because I had upgraded my iPhone and it wiped out my password and I
25:45
could never get it back. Back then it was two hundred dollars. The
25:51
problem is now it's thirty thousand. Now I would have probably never kept it
25:55
that long anyway. But I'm thinking of going to a hypnotist to try to
26:00
remember what my what my tey is. You know, I cannot luck on
26:04
it. Good luck on that. If that works, well, I'll go
26:07
and see hypnotists too. For a myriad of other things that I've probably forgotten
26:11
over the years. But that has more to do with my social life and
26:15
growing up in a house where my parents were hippies, and oh well that
26:21
then probably anything else. But you know what, Hey, we all make
26:26
mistakes along the way, and that, to me is the thing that scares
26:29
me the most about cryptocurrency. But you know, there are some people who
26:33
laugh that away. And it just is like anything. It's like the first
26:36
time you ever fire a handgun at a range. You're scared and you don't
26:40
know what to do. And the first time you pull the trigger and you
26:42
know, and maybe if you get it jammed, what do you do?
26:45
You're afraid. After you've done it for a lot of time, it's no
26:48
bigger you know, I love you, and I just think that it's like
26:52
anything. It takes time and repetition and experience and and know how so I'm
26:59
slowly time. First time you pull that trigger, man, you don't know
27:03
what you've unleashed. Chief, right, I must be I must be insane.
27:07
Here is that the power? You know? The whole think, But
27:11
that's called empowerment control? Right, So, hey, you're going to be
27:17
at Rick Rules conference, though, of course I wouldn't miss it. It's
27:22
the only one so well. That and the Vancouver Resource Investment Conference, Jay
27:26
Martin, those are the two that I would never miss And so yeah,
27:30
I will be there. It's my backyard, as you know, it's not
27:33
too far away. And look forward to seeing you there. And now hopefully
27:37
some of the people listening to this show, it will be nice to see
27:40
some put some some faces to the people I talk to online all the time.
27:45
All right, hey, we appreciate you coming. Miles Franklin dot com
27:48
online system ready operating it is. We have a new one also coming out
27:53
at the end of the month where upgrading at version two will be a lot
27:56
more user friendly. And if you want prices or questions on anything you've heard
28:03
on the show or anything else, send an email to info at Miles Franklin
28:06
dot com and say carry Lots or the Financial Survival Network sent us because the
28:11
prices that we have that we don't post online, we only allow limited purchasing
28:17
up to ten grand online. If you send us an email and request that
28:21
price list, you'll see that the prices that we will send you are as
28:25
good, are better than anywhere in North America. But we keep that closer
28:27
to the vest. So info at Miles Franklin dot com with any questions or
28:32
just the price list, but make sure you say the Financial Survival Network or
28:34
Carrie send me and it would be very important to us to know where it
28:37
came from. And I will treat your listeners with white glove. That's my
28:42
promise. We've never had a customer complaint fortunately, and one on thirty five
28:47
years. Will make damn sure your listeners are not the first. And I'm
28:49
just going to read something because I was just scanning the company see if there's
28:53
anything I don't know about, and I came up with a review on LinkedIn
28:57
and it says is is Miles Franklin legit? And I'm just going to read
29:03
you what it says here. I think you know it says it all.
29:07
Miles Franklin has been in business since nineteen eighty nine, making them incredible and
29:11
experienced precious metals firm. They have earned positive reviews on Trust Pilot and hold
29:18
a Better Business accreditation for many years. They're extensive history and customer satisfaction attest
29:26
to the legitimacy in the industry, and I would add to that where many
29:30
others who are thought to have been at one time legitimate have been proven otherwise.
29:37
Yeah, I don't know. I've never seen that. I don't know
29:38
who wrote that, but thank you whoever did. Look. You know,
29:42
in a world that where information is so readily available at our fingertips, it's
29:47
an easy thing to research, and we're very proud of it. And you
29:49
know, even though I live here in Florida, not too far from you,
29:53
I left my corporate entity in Minnesota, even though it has saved me
29:56
money, because it is the only sting America that regulates what is a federally
30:00
non regulated industry, so we are held to a far higher standard. Most
30:04
companies in America boycott Minnesota as a result of this regulation or this accreditation,
30:10
this licensing and this bonding that is expensive and invasive in terms of privacy and
30:15
continuing education and compliance. It's a drag, but when in the end we
30:21
are all to a higher standard, and I realize that, and that is
30:23
a benefit to us and to the to the end user. So that's why
30:27
I left it there, and it's some more very proud of and we embrace
30:32
regardless of how onerous it truly is. But coming on a show with a
30:37
guy like you who you know for years. Your reputation is your currency,
30:42
and we take that very seriously. And you know, I don't want to
30:47
disappoint you, my friend, or anyone else, or hurt anyone by any
30:52
stretch of the imagination. So it is our really our mission to uphold this,
30:56
this amazing, this amazing track record that I still can't believe is in
31:00
place. And because we've made mistakes, but I think a person is defined
31:04
not by the mistakes they make, but how they make good or rectify or
31:10
deal with said mistakes. So we were pretty good at that as well too.
31:12
So for what it's worth, thank you for the kind words. Thank
31:15
you for the year's worth of friendship and this relationship that whereby you trust me
31:21
to come on your show where trust is your currency and information, and we
31:25
take that seriously. And I look forward to picking up where we left off.
31:29
We'll have to do one in person at rep show, but at any
31:33
time that the world beckons or information is worthy to speak about, let me
31:37
know it's always an honor to be here with you. Carrie, you got
31:41
it, and the gentleman who left that it was just recent May twenty fifth
31:45
of this year is Yasuki Kohara appears to be a client, and I have
31:51
no idea who Usuki is, but thank you, Ysuki. I really appreciate
31:53
you. Brother. He's on LinkedIn. I'm going to put a link in
31:56
the show notes to his review because I think it's Hey, I can say
32:00
you're great, you can say you're great, But when you have a third
32:02
party who you don't even know who the guy is and he says you're great,
32:07
that carries more weight. That's called social proof. And I don't need
32:10
any more proof. I mean I used to. I used to say when
32:15
Andy would come on, I'd say, you know, Miles Franklin, when
32:19
you buy they shit, Because believe me, I've been. I haven't been
32:23
totally screwed over on gold. But partially I've waited months from a company where
32:29
the owner I could visit him if I want to, because I think he's
32:32
in the federal lock up. Well that be, that'd be, that'd be
32:37
don't even have to tell me. That would be the one up in Washington
32:40
to say if they were known for that, yeah, less territorial menu,
32:45
you know what, there's all over, Yeah, you know what, and
32:47
that's a big deal. Look it's federally non regulated industry, so it lends
32:52
itself into this kind of chih aigains, let's say. But in any case,
32:59
I do appreciate it, Carrie, and I look forward to picking up
33:00
where we left off. I know you and I have a lunch plan in
33:05
the near future, so I look forward to seeing in person. And in
33:07
the meantime, thanks for having me on and we'll do it again soon,
33:10
all right. Got a question for Andy myself. The email address is kl
33:14
at Carrie Lets dot com. The link to Miles Franklins in the show notes
33:17
below, And while you're at the site Financial Survival Network dot com, please
33:22
sign up for your free newsletter and Andy, we will see you soon.
33:28
See you, my man, Stay well, Carrie, Thanks for listening to
33:30
Carrie Lets's Financial Survival Network, your solution to today's trying times. For the
33:37
latest, go to Financial Survivalnetwork dot com. Financial Survival Network now more than ever,