Latest / Unleashing Intuition Secrets / Have Gold & Silver Bottomed? What’s Next and How High Can They Go — Dr. Kirk Elliott

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Have Gold & Silver Bottomed? What’s Next and How High Can They Go — Dr. Kirk Elliott · Unleashing Intuition Secrets

0:02
Hello, everyone.
0:02
It's Michael Jacob with Unleashing Intuition Secrets,
0:05
and we have Captain Kirk.
0:07
I've always wanted to say that.
0:09
Oh, good job.
0:10
I'm glad you did.
0:13
Yeah Starship Enterprise, here we go.
0:15
It's gonna blast off.
0:16
Silver's gonna blast off again.
0:17
We talked about it blasting off before.
0:19
It's maybe not today.
0:21
Today's looking good, though.
0:22
But I think we gotta get to that $80 level, and then the $90
0:26
level, and then it's look out.
0:29
Yeah.
0:29
When you look at where we've been over the last couple of months because
0:34
of the Iran conflict, it's just massive amounts of volatility, right?
0:39
And whenever you have volatility, you could have 5% up days and then 5% down
0:43
days, and then it tends to go sideways for a while because it can't find traction.
0:48
Nobody knows what way it's gonna go.
0:51
From my perspective, I can tell you where it's gonna go.
0:56
It's gonna go up in the long term because the longer this conflict in
1:02
Iran goes on ... and the Fed said something about this without actually
1:06
saying something about this yesterday when they were talking about rates
1:08
and holding them steady, right?
1:10
It was like they held them steady because they don't know
1:13
what's going to happen, right?
1:15
And there was conflict within the FRB, within the board.
1:19
It's yeah, should we raise rates?
1:21
Should we lower rates?
1:21
And so they just decided to hold steady.
1:23
Why did they just hold steady?
1:25
'Cause nobody knows when this conflict in Iran is going to be
1:29
over, when the straight opens up.
1:31
So last week when, ... Oh, shoot.
1:37
It was the head of Dow Chemicals was talking.
1:40
It's there's been such a block, blockade here for so long, pent up
1:46
supply chain disruption that even if it opens up tomorrow, it's about a
1:51
270-day backlog for the world to get fertilizer, for the world to get the
1:57
oil and gas that they need, right?
1:58
Even if it opens up tomorrow, right?
2:01
So this is a problem because now we're seeing potential food shortages and
2:06
yields that aren't gonna be enough because of lack of fertilizer, right?
2:09
And so what does all this mean?
2:11
Inflation, right?
2:12
So when you have inflation, the propensity to have to raise interest rates to slow
2:19
it down goes through the ceiling, right?
2:22
So this is where the Fed doesn't know what to do.
2:25
They're, like, caught between a rock and a hard place because it's like do
2:29
we raise interest rates to slow down this inflation or do we actually lower
2:32
interest rates to stimulate the economy?
2:34
Yeah.
2:35
Are we gonna focus on employment?
2:36
Are we gonna focus on prices, right?
2:38
This is their dilemma, and they don't know what to do.
2:42
They really don't know what to do.
2:44
But every single day that this goes on, things get actually more squirrely.
2:51
But, and this is why gold and silver have gone sideways for a bit, right?
2:56
And it's just- They're waiting,
2:57
too.
2:58
Yeah.
2:58
They're waiting, too.
2:59
These markets are just waiting.
3:01
But here's where I think we've hit the point where the markets know
3:07
that the straight needs to open up because the world needs oil.
3:13
Yeah.
3:14
They ... every country on earth uses oil.
3:16
Every person in every country uses oil.
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That means everybody on earth uses oil for some reason.
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They've got to open this up.
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So- Even
3:22
though they said they're going to the Green New Deal,
3:25
they're all being exposed now.
3:27
And Norway has actually said, "We're no longer doing the Green New Deal.
3:30
We're going for oil because we got a lot of oil and we don't care anymore.
3:33
We're not doing it.
3:34
" Yeah.
3:35
And Trump gets a lot of flack and he gets a lot of praise, right?
3:38
Because it's is this an Israeli thing?
3:40
Are we just in their back pocket or is this really about controlling oil?
3:45
Is this about helping the dollar maintain its reserve currency status?
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What is it, right?
3:49
And this poor guy just gets blasted and praised every single day.
3:52
It depends on what side of the aisle you're on, right?
3:55
And it's really easy, Michael, to be an armchair quarterback.
3:59
Yeah.
3:59
It's super easy.
4:00
We could all do the same thing, but we don't have the
4:02
same info that he does, right?
4:04
And, but what his goal is to make sure that the US doesn't lose its
4:09
reserve currency status, which means you have to control the oil, right?
4:13
This all oil globally is traded in US dollars.
4:17
So here's where I think that the markets, gold and silver, which I think are way
4:23
more sophisticated than the stock and bond markets is telling us this is probably
4:28
gonna be over wide because volatility is at really low levels now, which means
4:34
the correction's probably done, right?
4:37
It, you look at the volatility was, like, really low the end
4:40
of the beginning of the week.
4:44
So that would tell us we've probably had the correction and it
4:48
should start going up from here.
4:49
What's it doing today?
4:51
It's going up and it's going up a lot, right?
4:54
And you look though on a chart throughout this time when it's been trading
4:59
sideways, whenever you had a downturn, it would bounce off of a moving average,
5:05
like it was a trampoline, and then go up, and then it would come down and it
5:08
would bounce off the moving average, and that moving average kept going up
5:12
because it's a moving average over time.
5:14
Right.
5:15
During the day, yeah.
5:16
Yeah.
5:16
So this is really healthy, right?
5:18
But what the markets are telling us with this low volatility,
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it's probably going to end.
5:25
Now, what is the one thing other than supply and demand that metals
5:31
markets look at more closely than anything and respond to?
5:34
It's inflation.
5:36
Yeah.
5:36
So here's where the global communist left is going to blame
5:42
Trump for all of this inflation.
5:44
Yeah.
5:44
They just are.
5:45
It's oh because of this conflict in Iran and because the straight isn't opened
5:49
up, there's massive amounts of inflation.
5:51
So this morning, I'm watching this video of Mamdami in New York.
5:57
It's okay, this guy, he's not a business guy at all.
6:01
He's like just pretty much a communist, right?
6:04
So what is New York, what did he make this grand announcement about?
6:09
New York City is now gonna have cheap grocery stores, city
6:12
sponsored grocery stores where people can buy cheap groceries.
6:15
It's wait a second.
6:17
Oof.
6:17
So the reason we have expensive groceries is not because these
6:24
grocery stores are price gouging.
6:27
No, grocery store industry has very razor thin margins across the board.
6:32
Yeah.
6:32
The reason prices are up is because governments all over
6:35
the world are printing money like there's no tomorrow, right?
6:38
So just because you're going to offer lower grocery store prices
6:42
to consumers, does it mean that the wholesale cost of goods on
6:48
these products are gonna be lower?
6:50
No.
6:50
So what he's gonna do then is create massive shor-
6:54
shortages of groceries, right?
6:57
Because if you've got one cheap grocery store that's city sponsored, what about
7:02
all the other regular grocery stores?
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I was gonna say we can't pe- compete.
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We'll just go out of business." And now there's gonna be no food
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because the producers like the Kellogg's and the General Mills and
7:11
everybody else in the world is gonna say, "Our prices haven't gone down.
7:16
We still have this inflation, right?" But how is Mumdami gonna pay for it?
7:21
How do you pay for cheap groceries and the prices didn't come down with taxes, right?
7:26
It's like E is going to tax the living daylights out of everybody to offer
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people in New York cheaper groceries.
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And this, to me, is the social function side of this Iran conflict,
7:39
which they're gonna blame Trump for these high prices, right?
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And so now you've got, during an election year, these politicians
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saying we're just gonna give you cheap groceries and vote for us." And
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this is the economic consequences of geopolitical tensions and Trump's gonna
7:56
get the blame for all of it, right?
7:57
And what Trump is just trying to do is make sure that the dollar doesn't tank
8:03
because the rest of the world wants it to.
8:05
They wanna dedolarize the world.
8:07
This is why this conflict and winning this conflict is so important.
8:12
Now, I pray that it gets decisive victory here soon, right?
8:17
Yeah.
8:17
Because the longer that this goes on, the more difficult it is for a Trump
8:22
recovery in, in short order, right?
8:25
He gotta win this thing, right?
8:27
We gotta get this thing over with, done, get prices of oil to normalize,
8:31
get the supply chains back, or else you're gonna see an inflationary
8:35
spiral that's really nasty.
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And so I say that as the backdrop to say it's like, all right, some of the
8:43
stuff we can't change or impact, but we can identify and then act accordingly.
8:48
And that's where gold and silver really do so very well.
8:51
Yeah.
8:52
Now I think that we're gonna be like Mr. T when he fought Rocky he's, they
8:57
asked him, what do you see about this fight?" He says, "I predict pain." Yeah.
9:00
So I think that we're gonna see pain, unfortunately, because we have
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fascism like you're talking about in New York throughout the world.
9:07
Fascism is basically trying to take down all the other businesses so that their the
9:12
government sponsored a govern- government controlled stores and so forth businesses,
9:17
corporations are the ones that prevail and everything else gets wiped out.
9:21
And that's what we saw with Germany.
9:23
That's what we call it fascist not Italy, fascist Japan.
9:27
So we're saying the same thing being repeated right now.
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So this gas that's not going to, an oil that's not going to New Zealand
9:35
right now, they've already started to say A, B, C, D, E. So A is all of the
9:41
government, military, they get first choice, they don't have to stop, keep
9:45
doing whatever they're doing with the fuel B is the corporations that they
9:49
choose which corporations they are.
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They get the B and then the C is like the lower corporations, D is like the
9:55
even lower corporations like, mom and pop stores and then E is the people.
10:00
Same thing is happening in Arizona right now.
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We elections have consequences so if you don't, stop illegal elections
10:08
that happen in Arizona where Kerry Lake was pushed aside you're
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going to see the fascism come out.
10:14
So they're in, they're restricting water in Arizona because they're
10:19
having all these AI facilities that are coming, 22 or 23 of them, they
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use tremendous amounts of water.
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So the government there in Arizona is saying people are gonna have to cut back
10:33
and those people that are using more than they're allotted are gonna pay a lot more.
10:37
So- Yeah.
10:38
... we're seeing this fascism all over the co- all over the world and President
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Trump is trying to destroy it.
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So we have to support that but we're gonna see silver prices maybe get a pullback
10:48
when the economy basically kinks hard, but in the meantime, I think we're gonna
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see some ridiculously high numbers.
10:53
What are your thoughts?
10:54
Oh I agree.
10:55
It's ... In any bull market, you're gonna have two steps forward, one step
10:59
back, two steps forward, one step back.
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So technically speaking, this is like the end of one of those one step backs.
11:05
This is what the volatility numbers tell us, but let's look at it from
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even a more fundamental level, right?
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So if I, if we're to look at gold, for example going all the
11:15
way back to the late 80s, okay?
11:18
So in the late 80s, the Berlin Wall came down, the Cold War was over, taxes
11:23
were down, wages were up, people were working, stock market was booming, right?
11:27
So the dollar was, like, came, right?
11:32
So in 19, late 80s, probably call it 1989, central banks around the world had 40%
11:40
of their reserves in gold, 40%, right?
11:44
Then what happened during the '90s, the '90s was almost like a lost decade.
11:49
Yeah.
11:50
So during that time the dollar was really strong, right?
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Every, every ... It, the US economy was so good.
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The dollar was so strong that central banks around the world thought, if we
12:02
want to hedge and have as a reserve, something that's strong and stable,
12:07
let's start unwinding some of our gold positions and going to the US
12:10
dollar because they're a king, right?
12:12
So during the '90s, the amount of gold held by central banks went from 40% in
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1989, all the way up to 2008 when we had the big massive correction, 10%.
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So Central Bank holdings of gold went from 40% to 10% by 2008.
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But what happened in 2008 it was shown that the emperor had no close, right?
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So the banks were undercapitalized.
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They were over-leveraged.
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They were giving money to people who shouldn't have gotten it, and people
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started to realize, oh, wow, we've got a major issue with the global
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financial system since 2008, the amount of gold being held by central banks
12:58
is now past what it was in the late '80s to now it's the number one held
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asset by central banks as a reserve on the planet across the board.
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It's not even the US dollar anymore, right?
13:12
Gold has surpassed the US dollar, which tells us what, tells us that central
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bankers who always will protect their backsides don't view paper money as
13:24
especially the US dollar is the strong reserve bellwether currency anymore.
13:30
They're viewing ... And, but they're not picking any other currency either.
13:34
They're picking gold, right?
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Something that's tangible, something that's real.
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So therefore, we should do, in a sense, the same thing that these central bankers
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are gonna do to protect their backside.
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We just don't have to do it by the ton.
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We can do it by the ounce.
13:51
We can do silver like at $500 increments, right?
13:54
We just do small amounts, keep protecting, preserving, growing.
13:58
So if central banks are going into gold, why do I pick silver?
14:02
Because silver's outperforming.
14:03
Yeah.
14:04
It really has very little supply.
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The demand is increasing, and so they're gonna go up together.
14:10
But from a pure- pure fundamental standpoint, this is a paradigm
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shifting moment in history, where we're moving away from fiat money, as
14:21
we've known it, to something that's tangible and real, and you've got
14:26
the supply and demand discrepancies that add the technical support.
14:31
It's yeah, if you can buy the commodity like silver that the
14:34
whole world needs, that the world can't get, you should get it, right?
14:38
Because that's gonna make the prices go up.
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And that's exactly what we're doing.
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It's very logical in its approach.
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I try to strip out the emotion, all the noise that you hear on all the
14:49
different podcasts, this and that.
14:50
It's just purely simple and logic.
14:54
It's a diminishing asset where demand is increasing, you should get it.
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That's how I look at it.
15:01
Definitely.
15:01
And we have probably the new Fed Chairman Warsch signals a new Fed
15:06
playbook as confirmation nears.
15:09
So Jerome Powell the outgoing Fed chair is very anti-Trump and he's a
15:15
globalist, and the Federal Reserve, of course, is globalist, and it doesn't
15:20
belong anywhere in American society or controlling American economy it's
15:24
gonna go bye-bye, like the Dodobird, and we're gonna go to Treasury Act.
15:28
And I think that's where Warsh is gonna come in.
15:31
He's gonna lower rates and that's gonna stimulate the economy because
15:34
we're gonna need it going forward.
15:36
Yeah.
15:37
Yeah.
15:38
I mean-
15:38
And all that goes down, because that's what's gonna happen when rates go down.
15:42
What does silver and gold do?
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Boo.
15:45
It does.
15:46
Even Ray Dalio had a speech this week.
15:48
I don't know what network it was on, but he learned a harsh lesson after 1971.
15:54
And the, he's this little talk he was talking about.
15:57
It's like-
15:57
Cool.
15:58
... I s- I saw when Nixon closed the gold window that, that
16:02
currencies were going to devalue.
16:04
And he said, "My mistake was I thought that the stock market was
16:08
gonna come down because of that.
16:09
" But what does devaluing of currency mean?
16:12
It just means you're printing more money.
16:14
It's not the same as deflation, it's the opposite.
16:18
Devaluing means you're printing so much money that the currency
16:21
devalues, it takes more of that junk currency to buy goods and services.
16:25
So his critical mistake that he learned the hard way was during times
16:31
of devaluation, when they're printing money, that money finds its way
16:35
back into the system via stimulus.
16:37
So the stock market didn't come down like he thought.
16:41
But here's the thing, what if there is no stimulus?
16:44
What if there's not enough demand for the currency that you can't keep
16:47
printing willy-nilly because the inflationary pressures have gone up?
16:51
So this is where tangible assets are so important because it takes away
16:56
that counterparty risk of what if?
16:59
What if, should we rely on stimulus to keep markets propped up or should we not?
17:04
How about if you don't even have to ask that question because you're going into
17:08
the asset that goes up anyways, right?
17:10
And so we're entering in ... The point of his speech was, we're entering
17:14
into a time of global devaluation of currencies because every country
17:17
around the world is printing money like there's no tomorrow, right?
17:20
So this is how we take advantage of it and put a smile on your face and
17:25
sleep well at night knowing that without leveraging yourself, without
17:31
adding tons of counterparty risk what if my brokerage firm goes under?
17:35
What if my bank goes under?
17:36
It's who cares?
17:37
Your intangible assets.
17:39
It's safer that way.
17:41
There is, it's not attached to anything, and it actually
17:44
goes up during times like that.
17:46
Trying to give people peace in the midst of the storm, you have to have
17:51
the right asset class to do that, and that's where gold and silver come in
17:54
really well during times like this.
17:57
Yep.
17:58
And kepm.com is the place to go, guys.
18:02
We've been talking about this for years, and I know a lot of you guys have
18:04
been investing with us for many years.
18:06
Those of you still on the fence or have been using other methods.
18:09
This is the best one, I believe, in the whole world.
18:12
And contact information is, on the same site where you can go
18:17
in and fill out information and send it in or make a phone call,
18:24
720-605-3900 to get the best insight that you're gonna have for your future,
18:29
because we're going to see at some point, we've talked about this for c- quite a
18:33
while distributions start to come in.
18:35
It's already started happening.
18:37
We know that the big guys have been, moving their money out of stocks.
18:41
That's what they do.
18:42
They slowly bring it out so people aren't so aware.
18:45
Of course we've talked about Warren Buffet doing this well over a year ago.
18:49
So he's always way ahead of the curve.
18:51
So what happens is as they move their money out, the average investor goes
18:55
in and just like we saw in 1929, 2008 when the rug pull happens, it's the
19:01
average investor gets slaughtered.
19:03
You won't get slaughtered if you're invested in silver and gold guys.
19:06
So- Yeah.
19:07
... this is the way to go going forward.
19:09
We've talked about this.
19:10
We've asked you, we've, gone all ... We prayed for you I still pray for you
19:15
that you guys get into silver but it's coming to a head this whole system as
19:20
you, as we've been, talking about the fascism that's, trying to squeeze us
19:24
in everywhere, California, New York, Illinois, Arizona around the world
19:29
throughout Europe, and it's insane.
19:32
So who's gonna defeat it?
19:33
We are the American people.
19:35
We, the people, and combined with other people, we're gonna do that, but you want
19:39
to be in the best position possible when this thing really unravels and silver's
19:43
gonna be the thing you wanna be in.
19:47
Couldn't have said it any better myself.
19:48
Absolutely.
19:49
I learned from you.
19:51
Yeah.
19:51
I'm repeating what you've been saying for years, so I've learned from the best.
19:53
Thanks so much for coming on, Dr. Kirk Elliot, Captain Kirk, and we look forward
19:58
to having you always in the future.
20:00
Thanks so much for coming in and giving us inspiration and good insights.
20:03
You bet.
20:04
My pleasure.
20:05
We'll talk to you soon.
20:06
Thank you.