Latest / Financial Survival Network / Silver Breaks $35: What’s Driving the Decade-High Surge - Byron King #6289

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Silver Breaks $35: What’s Driving the Decade-High Surge - Byron King #6289 · Financial Survival Network

• 0:00
  Speaker 1: You know, like we mentioned earlier, it's thirty five dollars
• 0:03
  Speaker 1: more or less, you know, per ounce this morning as
• 0:06
  Speaker 1: we speak. You know, could it fall a yeah, of
• 0:09
  Speaker 1: course anything can go down, you know, But is there
• 0:12
  Speaker 1: more upside than there's downside risk to it? I think
• 0:15
  Speaker 1: there is more upside value than there is downside risk.
• 0:20
  Speaker 1: And so you know, if you've already been stacking, good
• 0:23
  Speaker 1: for you, don't be afraid to stack some more.
• 0:25
  Speaker 2: You're listening to Carrie Let's's Financial Survival Network, where you
• 0:29
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• 0:33
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• 0:37
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• 0:42
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• 0:46
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• 0:53
  Speaker 3: And welcome you are listening to and watching the Financial
• 0:56
  Speaker 3: Survival Network. I'm your host, Carrie lets.
• 0:59
  Speaker 1: Well.
• 0:59
  Speaker 3: It's June fifth, twenty twenty five. Silver has finally broken
• 1:04
  Speaker 3: thirty five dollars an ounce again. And the question is
• 1:09
  Speaker 3: it on its way to all time records or to
• 1:12
  Speaker 3: all time disappointments like we've seen so many times in
• 1:16
  Speaker 3: the past and with us now is Byron King you
• 1:20
  Speaker 3: know him well, season geologist, financial analyst, many decades of experience,
• 1:27
  Speaker 3: and you've seen him on the major news networks all
• 1:32
  Speaker 3: of that. So, Byron, it's great to have you on
• 1:35
  Speaker 3: the show. Silver's surge it's the highest and over a decade.
• 1:40
  Speaker 3: What factors do you believe are driving the surge and
• 1:44
  Speaker 3: how long can this go on for?
• 1:46
  Speaker 1: Well, if you've been stacking silver for a while, you're
• 1:49
  Speaker 1: a very happy person these days. If you have been
• 1:52
  Speaker 1: buying shares in silver mining companies or companies that have
• 1:55
  Speaker 1: a silver stream coming out of what they did dig
• 1:58
  Speaker 1: out of the ground, you too are also a very
• 2:00
  Speaker 1: happy person. I mean, things are just roaring in the
• 2:02
  Speaker 1: silver space as you as you elluded in your intro.
• 2:05
  Speaker 1: Thank you, carry it's great to be with you. What's
• 2:09
  Speaker 1: driving it is? It's the tailwind of the upswing in gold.
• 2:13
  Speaker 1: Of course, you know gold hit thirty five hundred bucks earlier.
• 2:16
  Speaker 1: It's it's well over thirty three hundred right now. That
• 2:19
  Speaker 1: seems to be a very solid, uh you know floor
• 2:23
  Speaker 1: for gold, and everybody's been saying, wow, you know when
• 2:25
  Speaker 1: silver going to catch up? When silver going to catch up? Well,
• 2:28
  Speaker 1: I guess we're finding out, you know, when silver is
• 2:30
  Speaker 1: going to catch up. Is it just a monetary thing? No,
• 2:33
  Speaker 1: not really. Silver you know, used to be monetary in
• 2:36
  Speaker 1: the sense that we had silver quarters and silver dimes
• 2:39
  Speaker 1: and silver dollars and things like that. Not anymore. But
• 2:43
  Speaker 1: you know it has been overshadowed in recent decades just
• 2:46
  Speaker 1: by you know, as an industrial metal. You know, Well,
• 2:49
  Speaker 1: the thing is that as industrial metals go, you know,
• 2:52
  Speaker 1: we live in a world with more and more electronics,
• 2:54
  Speaker 1: more and more, say renewables, and you can't do solar
• 2:57
  Speaker 1: panels without silver. In When I say electronics, I mean
• 3:01
  Speaker 1: I'm talking everything from the screen that you know that
• 3:04
  Speaker 1: the viewers are watching us on, to you know, to
• 3:06
  Speaker 1: your microwave oven, to your refrigerator, to you know, to
• 3:09
  Speaker 1: what's what's in your car. There is silver in the
• 3:11
  Speaker 1: electronics there uh and then uh uh, you know, an
• 3:16
  Speaker 1: entire explosion, if you'll excuse the pun. In global defense spending,
• 3:21
  Speaker 1: quite a bit of a military hardware, including stuff that
• 3:24
  Speaker 1: goes boom and explodes, has a lot of silver in it.
• 3:27
  Speaker 1: I mean, I don't get into the details, but there's
• 3:29
  Speaker 1: a lot of silver insights. Say a cruise missile, you know.
• 3:32
  Speaker 3: Five ounces of silver over five hundred ounces, which means
• 3:37
  Speaker 3: fifteen thousand and seventeen five hundred dollars or more. Silver
• 3:43
  Speaker 3: that blows up every time, every.
• 3:46
  Speaker 1: Time, So you can mind the explosion site or something.
• 3:49
  Speaker 1: But uh, you know, not to make not to make
• 3:51
  Speaker 1: a joke out of it, but the but yeah, and
• 3:53
  Speaker 1: then and then other countries in the world are are
• 3:56
  Speaker 1: stockpiling like crazy. The Chinese are buying, the Indians are buying.
• 4:01
  Speaker 1: Russia has begun to accumulate silver silver as part of
• 4:05
  Speaker 1: its own state reserve system, and so there is there
• 4:10
  Speaker 1: is very very solid demand. It's not just people going
• 4:13
  Speaker 1: to the coin shop and buying old silver dollars or something.
• 4:16
  Speaker 1: It's it's uh, we're talking government, state level demand, central
• 4:22
  Speaker 1: bank level demand, which is what drove gold as well.
• 4:24
  Speaker 1: But now we're starting to see it in silver and
• 4:26
  Speaker 1: then big, big, big industrial stockpile demand as well as
• 4:33
  Speaker 1: you know, you're starting to see just really big money,
• 4:36
  Speaker 1: you know, big institutional money, you know hedge funds and
• 4:39
  Speaker 1: private equity and you know, family offices and to big
• 4:43
  Speaker 1: money bags moving into the metal sector in general, but
• 4:46
  Speaker 1: gold and silver in particular. And these aren't just trading
• 4:50
  Speaker 1: in and out there. These are positioning as in they
• 4:53
  Speaker 1: expect something long term, and so you know, you know,
• 4:56
  Speaker 1: we live in an inflationary world. We live in a
• 4:59
  Speaker 1: world of debt. We live in a world where the
• 5:01
  Speaker 1: future of you know, the dollar, the euro is problematic.
• 5:06
  Speaker 1: I mean, Japan can't sell its government bonds. The Euro
• 5:09
  Speaker 1: is you know, just you know, it's always it's just
• 5:13
  Speaker 1: you know, it's it's the European currency. But it's you know,
• 5:16
  Speaker 1: it's got huge problems just in terms of you know,
• 5:18
  Speaker 1: what's there to support the euro in the European economy.
• 5:22
  Speaker 1: I mean, they're short of energy, shorter materials, you know,
• 5:25
  Speaker 1: got all sorts of cultural and social problems, and a
• 5:28
  Speaker 1: big war raging on the eastern side of the continent.
• 5:31
  Speaker 1: So I mean there's lots and lots and lots of
• 5:32
  Speaker 1: reasons why silver is moving. And you know, as far
• 5:35
  Speaker 1: as investors are concerned, is moving, you know, be there,
• 5:38
  Speaker 1: you know, I don't care why.
• 5:41
  Speaker 3: Yeah, I mean, it's nice to have justifications, but they
• 5:44
  Speaker 3: don't really matter in the end. Just they go up,
• 5:47
  Speaker 3: they go down, whatever. So look at ahead to the
• 5:52
  Speaker 3: future here and really gold, you know, it's had an
• 5:58
  Speaker 3: amazing run. I remember just a few short years ago
• 6:01
  Speaker 3: it was trading, you know, one thousand dollars eleven hundred
• 6:04
  Speaker 3: dollars an ounce. Forever it almost seemed, and now finally
• 6:09
  Speaker 3: it made its move. And silver is always the laggered generally,
• 6:14
  Speaker 3: but then towards the later part of the cycle it
• 6:18
  Speaker 3: becomes the driver. Is that what we're going to see here?
• 6:22
  Speaker 1: I think we are. I mean, it's you know, like
• 6:25
  Speaker 1: we mentioned earlier, it's thirty five dollars more or less,
• 6:28
  Speaker 1: you know, per ounce this morning as we speak. You know,
• 6:33
  Speaker 1: could it fall like yeah, of course anything can go down,
• 6:36
  Speaker 1: you know, but is there more upside than there's downside
• 6:39
  Speaker 1: risk to it? I think there is more upside value
• 6:44
  Speaker 1: than there is downside risk. And so you know, if
• 6:47
  Speaker 1: you've already been stacking, good for you. Don't be afraid
• 6:49
  Speaker 1: to stack some more. If you if you've bought some
• 6:52
  Speaker 1: silver shares and you're wondering should I buy more? Yes,
• 6:54
  Speaker 1: buy some more. If you haven't bought any silver shares,
• 6:57
  Speaker 1: you know you're a little bit late to the game,
• 6:59
  Speaker 1: But that's okay about it. Don't don't beat yourself up,
• 7:01
  Speaker 1: but don't don't sit don't sit around too long, you know,
• 7:05
  Speaker 1: go out there and you know, get some you know,
• 7:07
  Speaker 1: get get some silver shares, because there is there is
• 7:10
  Speaker 1: a move going on. Uh some of the you know,
• 7:12
  Speaker 1: go to the charts and look at some of the
• 7:14
  Speaker 1: silver charts for these different companies in the last same month,
• 7:17
  Speaker 1: and they've had extremely solid uh uh moves upwards the charts.
• 7:22
  Speaker 1: You're beautiful. Uh And and that's and where we're at
• 7:25
  Speaker 1: the beginning of this. I mean, like I said earlier,
• 7:28
  Speaker 1: the big money is just moving in to get positioned.
• 7:32
  Speaker 1: You know, if you're watching this show, you know you
• 7:36
  Speaker 1: are special. You know, you are not everybody else out
• 7:40
  Speaker 1: there in marketland. You know you if you're watching this
• 7:42
  Speaker 1: show and you're interested in you know, metals, gold, silver,
• 7:45
  Speaker 1: you know, the hard assets kind of thing, you know,
• 7:47
  Speaker 1: you're you're in a very very small niche of investors,
• 7:50
  Speaker 1: and so you're we're you know, we're giving you a
• 7:53
  Speaker 1: general sense of information and a general sense of confidence
• 7:56
  Speaker 1: that that isn't out there. You know, you don't read
• 7:58
  Speaker 1: articles about silver and the Wall Street Journal or the
• 8:01
  Speaker 1: New York Times Business section, you know, oh true.
• 8:04
  Speaker 3: Yeah, I don't remember the last time. I think when
• 8:06
  Speaker 3: they accidentally reported something happens, probably there's an incident and
• 8:11
  Speaker 3: a mine. That's when you hear from them. Otherwise it's
• 8:15
  Speaker 3: the redheaded stepchild of the investment world and the commodities
• 8:19
  Speaker 3: world too, for that matter. And it's such a small market.
• 8:22
  Speaker 3: If the buying that you're referring to actually materializes, the
• 8:28
  Speaker 3: sky's the limit here.
• 8:30
  Speaker 1: Yes, And and the thing is, it's not just you know,
• 8:32
  Speaker 1: the silver mining company. You know, sure you can go
• 8:35
  Speaker 1: out there and find lots of There are more than
• 8:37
  Speaker 1: a few very solid companies that are focused on silver,
• 8:41
  Speaker 1: you know, you know, names that are not hard to
• 8:43
  Speaker 1: come up with. But a lot of other companies, you know,
• 8:45
  Speaker 1: mine silver is part of everything else. I mean, you
• 8:48
  Speaker 1: know big companies, you know BHP and Rio Tinto and
• 8:51
  Speaker 1: you know Freeport Macmarin. They mind copper, you know, but
• 8:55
  Speaker 1: but with the copper they get silver, they get gold.
• 8:58
  Speaker 1: There are quite a few other you know, gold companies
• 9:01
  Speaker 1: that produce a heckro a lot of silver uh as
• 9:04
  Speaker 1: just a byproduct uh copper, you know, I mentioned copper,
• 9:07
  Speaker 1: but you know so uh so it ranges all the
• 9:11
  Speaker 1: way from big mining where the silver might be a
• 9:14
  Speaker 1: small component, but it's going to be very sweet. It's
• 9:16
  Speaker 1: going to juice to it's going to juice their earnings
• 9:18
  Speaker 1: you know, back into sort of the precious metal mining companies.
• 9:21
  Speaker 1: I mean it's hard to mind gold without getting some
• 9:23
  Speaker 1: silver out of it. And and then you get into
• 9:26
  Speaker 1: the dedicated you know, silver companies. You know that that
• 9:29
  Speaker 1: companies that have the word silver in their name.
• 9:31
  Speaker 3: You know, yeah, rightly or wrongly, but you know there's
• 9:35
  Speaker 3: uh yeah, it's it's really interesting. There's so few silver
• 9:41
  Speaker 3: pure plays around right right now.
• 9:44
  Speaker 1: I would I well, just in terms of like where
• 9:46
  Speaker 1: I'm coming from, what I look at and what I
• 9:49
  Speaker 1: write about, I mean I look at you know, the
• 9:52
  Speaker 1: small sort of exploration and early development, mid stage development companies.
• 9:56
  Speaker 1: I spend a lot of time focused on those. I mean,
• 9:58
  Speaker 1: you know, the big guys, you know, the bigger silver guys,
• 10:00
  Speaker 1: you know, I mean you know the you know, core
• 10:02
  Speaker 1: mining or Heckla. You know's a couple of names out
• 10:05
  Speaker 1: there just you know very you know, they're well known
• 10:08
  Speaker 1: silver producing companies, you know absolutely, you know, First Majestic, Sure, yeah,
• 10:13
  Speaker 1: you know, I mean, big, big silver names. But there's
• 10:15
  Speaker 1: a whole slew of others that we do that we
• 10:18
  Speaker 1: look at, you know, kind of because I expect there's
• 10:22
  Speaker 1: going to be M and A there's gonna be acquisitions.
• 10:25
  Speaker 1: There's gonna be a lot of horse trading in there
• 10:27
  Speaker 1: where you know, you know, a development a development company
• 10:30
  Speaker 1: will sell off, you know, a silver project to a
• 10:33
  Speaker 1: bigger guy and you know, take shares, take cash whatever. Uh. Yes,
• 10:37
  Speaker 1: so it's it's all good. And people who actually mine
• 10:40
  Speaker 1: and produce silver, I mean when you when you're selling
• 10:43
  Speaker 1: it for thirty five dollars announce, it's a lot better
• 10:45
  Speaker 1: for your bottom line than twenty five dollars announce, you know.
• 10:48
  Speaker 3: Yeah, because yeah, the price went up, but presumably your
• 10:52
  Speaker 3: costs are been pretty fixed, which happens once you have
• 10:56
  Speaker 3: a producing mine.
• 10:57
  Speaker 1: Right Well, yes, I mean, I mean there you know,
• 11:00
  Speaker 1: labor is going up, Yes, costs of concrete, cost of steel,
• 11:03
  Speaker 1: I kind of thing. But one of the big components
• 11:05
  Speaker 1: of mining expense right now is energy, you know, I mean,
• 11:09
  Speaker 1: mining is a big user of say diesel fuel, for example.
• 11:12
  Speaker 1: And look at the price of oil. It's been low
• 11:15
  Speaker 1: and you know, kind of in the doldrums lately. So
• 11:18
  Speaker 1: so that that that check that you write to Shove
• 11:20
  Speaker 1: Run or to Shell oil company or you know, whoever's
• 11:23
  Speaker 1: supplying your diesel fuel. You know, it's it's a it's
• 11:25
  Speaker 1: not as big of a check as as as you know,
• 11:28
  Speaker 1: as it used to be or as it could be. Uh,
• 11:30
  Speaker 1: and that saves an awful lot of money. And uh
• 11:33
  Speaker 1: uh you know in in the mining industry, uh you know,
• 11:36
  Speaker 1: you know, if you start to see the price of oil,
• 11:39
  Speaker 1: you know, going up or for some reason, I mean,
• 11:41
  Speaker 1: it depends where you are when the price of electricity
• 11:43
  Speaker 1: starts to skyrock. Okay, well that that could be a
• 11:46
  Speaker 1: problem in terms of just operating costs. But but right now,
• 11:50
  Speaker 1: the mining guys are in a very sweet spot. You know,
• 11:53
  Speaker 1: They're the big problem for the explorers and the developers
• 11:57
  Speaker 1: is getting drill rigs out there so that they can
• 12:00
  Speaker 1: you know, drill all the holes and pull all the
• 12:01
  Speaker 1: course out and and and you know, show them on
• 12:03
  Speaker 1: the show them on the on their website, say, oh,
• 12:06
  Speaker 1: look at that lit the wonderful rocks we found.
• 12:08
  Speaker 3: Look at the great mineralization. Yeah, yeah, so true. And
• 12:12
  Speaker 3: that's the funny thing. You know, before they're worried about
• 12:15
  Speaker 3: how they're going to pay their bills, and their operating
• 12:19
  Speaker 3: margins are so slim and narrow, and now they've had
• 12:23
  Speaker 3: this huge opposite of compression expansion of margins, and that
• 12:28
  Speaker 3: takes a lot of pressure off and that's also great
• 12:31
  Speaker 3: for the stocks.
• 12:33
  Speaker 1: Yeah. Yeah, So again to the subscribers and the viewers
• 12:36
  Speaker 1: out there, people who follow you carry and uh you know,
• 12:40
  Speaker 1: for those who read Paradigm Press, which is where I
• 12:43
  Speaker 1: write with Jim Records and you know, Paradigm Press, Paradigm
• 12:46
  Speaker 1: Pressgroup dot com. Plug there if you don't mind, uh
• 12:50
  Speaker 1: we yeah, this is you know, this is this is
• 12:53
  Speaker 1: some of what we talk about. And uh uh And
• 12:56
  Speaker 1: in another way, I want just say, I'm going to
• 12:57
  Speaker 1: get this point in for people out there who are
• 13:00
  Speaker 1: maybe new to this or maybe just kind of getting
• 13:02
  Speaker 1: into it, like you know, what am I getting into here.
• 13:06
  Speaker 1: It's not so much that you have to pick the
• 13:08
  Speaker 1: right stock or the right company. I mean, it's always
• 13:11
  Speaker 1: good to pick the right stock that goes up twenty
• 13:13
  Speaker 1: x or thirty x or something like that. You definitely
• 13:16
  Speaker 1: want to be in the right sector, you know, I mean,
• 13:18
  Speaker 1: you want to be where the where the tide is rising,
• 13:21
  Speaker 1: so to speak, you know, and right now in just
• 13:23
  Speaker 1: in hard assets in general, in you know, you know,
• 13:27
  Speaker 1: exotic metals in more general, but it certainly in silver
• 13:32
  Speaker 1: and gold, platinum. You know, the tide is rising out there.
• 13:37
  Speaker 1: And it's it's being driven by global events, massive monetary events,
• 13:42
  Speaker 1: geopolitical events, or everything else. Way beyond our pay grade,
• 13:45
  Speaker 1: way beyond our ability to turn the rudder one way
• 13:48
  Speaker 1: or the other. But you know, you want to be
• 13:49
  Speaker 1: in the right sector, in the right place, at the
• 13:51
  Speaker 1: right time. And this is part of it, you know,
• 13:55
  Speaker 1: the precious metals, and we're seeing it reflected in their price.
• 13:59
  Speaker 3: Yeah exactly. And you know, like I say, nothing surprising here.
• 14:05
  Speaker 3: So one piece of advice, because you've been through more
• 14:09
  Speaker 3: booms and busts than I have, painfully start to believe,
• 14:13
  Speaker 3: h one, Just one piece of advice that you have
• 14:18
  Speaker 3: learned from all these years in the sector that often
• 14:24
  Speaker 3: you don't learn and you should learn it.
• 14:27
  Speaker 1: Ah. The piece of advice I give to people is
• 14:30
  Speaker 1: be patient and be ready for a roller coaster ride,
• 14:34
  Speaker 1: because especially in the small caps, you know, these guys
• 14:37
  Speaker 1: go up, they go down, up and down, et cetera.
• 14:40
  Speaker 1: And you will wake up one morning look at your
• 14:41
  Speaker 1: share price and you will be immensely frustrated and say,
• 14:44
  Speaker 1: oh golly, why did I Why did I buy this
• 14:46
  Speaker 1: crummey stock? This is terrible, you know. But if you
• 14:48
  Speaker 1: just sort of you know, if you believe in the
• 14:51
  Speaker 1: company with good assets, good management, or you know you're
• 14:54
  Speaker 1: in the right sector at the right time. You know,
• 14:56
  Speaker 1: wait it out when big market, when the big market
• 15:01
  Speaker 1: has a bad day and all the you know, Nvidia
• 15:03
  Speaker 1: drops or Apple drops or you know, Tesla drops, you know,
• 15:06
  Speaker 1: and all that kind of market driving stuff happens. Sometimes
• 15:10
  Speaker 1: the price of gold, price of silver that goes down
• 15:12
  Speaker 1: to you know, why is that because the gold is
• 15:14
  Speaker 1: less valuable? No, no, not at all. It's because people
• 15:18
  Speaker 1: are selling their gold or selling their silver because they
• 15:20
  Speaker 1: have to raise quick cash to pay their margin calls,
• 15:23
  Speaker 1: you know. So, so don't don't worry about that. If
• 15:25
  Speaker 1: the if gold, silver drop, if the physical metal price drops,
• 15:29
  Speaker 1: that's just a point to get back in, you know.
• 15:31
  Speaker 1: So look for down days in the market, buy judiciously,
• 15:36
  Speaker 1: use limit orders, be careful about chasing momentum. You know.
• 15:40
  Speaker 1: But but uh, but but I really believe this is
• 15:44
  Speaker 1: the right time to start to start to get in there.
• 15:47
  Speaker 1: And uh, you know, if you're new to it, you know,
• 15:49
  Speaker 1: if you're there already, you know you're in the right place.
• 15:51
  Speaker 1: But if you're getting if you're new to it, it's
• 15:53
  Speaker 1: it's not it's not too late. And I truly believe
• 15:57
  Speaker 1: that these are the kind of markets that will help
• 16:00
  Speaker 1: you greatly. You'll look back in a couple of years,
• 16:03
  Speaker 1: you know, when you and say, oh man, am I
• 16:05
  Speaker 1: glad I got to be got in, you know, back
• 16:06
  Speaker 1: in that when that first up kick you know, showed
• 16:09
  Speaker 1: itself on the charts. You know, you'll you'll be happy,
• 16:12
  Speaker 1: and your children will be happy when you know when
• 16:15
  Speaker 1: they you know, and your wife will be happier, your
• 16:17
  Speaker 1: husband will be happy. You know, it'll make a lot
• 16:19
  Speaker 1: of happy people out there.
• 16:21
  Speaker 3: And I assume in Paradigm Press you cover these companies,
• 16:25
  Speaker 3: right we have.
• 16:27
  Speaker 1: Yeah, yes we do. We we have you know, the
• 16:30
  Speaker 1: paid newsletters, you know, the forty nine dollars a year guy,
• 16:32
  Speaker 1: and the higher cost newsletters, et cetera.
• 16:34
  Speaker 3: Et cetera.
• 16:35
  Speaker 1: And then if you, if you, if you become a
• 16:37
  Speaker 1: subscriber to Paradigm Press Group Paradigm Pressgroup dot com and
• 16:41
  Speaker 1: just just buy the forty nine dollars a year newsletter,
• 16:44
  Speaker 1: you'll get a whole lot of you know, we'll call
• 16:46
  Speaker 1: them free, but you know it costs us to put
• 16:48
  Speaker 1: them out, but they're free to They're just additional things
• 16:51
  Speaker 1: you get the morning rude awakening where I mean just
• 16:54
  Speaker 1: actually was yesterday. I mean, Sean Ring went over the
• 16:57
  Speaker 1: whole slew of you know, silver companies that he's that
• 16:59
  Speaker 1: he owned. He gave you, he gave you his personal
• 17:02
  Speaker 1: list of what he owns, you know. So I mean
• 17:04
  Speaker 1: he's got his own skin in the game. This is
• 17:06
  Speaker 1: his son's college fund right there, you know. Uh, And
• 17:09
  Speaker 1: you know the five minutes summary in the afternoon, you know,
• 17:12
  Speaker 1: the daily reckoning at the end of the day. So
• 17:14
  Speaker 1: you get a lot of good things for just just
• 17:16
  Speaker 1: a you know, a forty nine dollars newsletter Paradigm pressgroup
• 17:20
  Speaker 1: dot com. And then you know, there are other things
• 17:22
  Speaker 1: I write about all sorts of stuff. I write about energy,
• 17:25
  Speaker 1: and I write about minds in minerals, gold, silver, you know,
• 17:28
  Speaker 1: I write about history, and you know I cover I
• 17:30
  Speaker 1: cover the defense, the defense sector too, just because I'm
• 17:33
  Speaker 1: an old Navy guy and I like talking about ships
• 17:36
  Speaker 1: on airplanes.
• 17:37
  Speaker 3: I forgot that you did, and that seems like a
• 17:40
  Speaker 3: really good sector now. Also, I mean we're not getting into,
• 17:46
  Speaker 3: you know, all the vagaries of the geopolitical situation, but
• 17:52
  Speaker 3: clearly it's it's big now, Oh.
• 17:57
  Speaker 1: The aerospace and the defense ETFs. Just the YFS alone
• 18:00
  Speaker 1: have just gone gangbusters, you know, with all the defense
• 18:03
  Speaker 1: spending on you know, I mean, submarine ships, airplanes, electronic equipment,
• 18:08
  Speaker 1: you know, space satellites, I mean, you name it. And
• 18:11
  Speaker 1: then the war in Ukraine has taught all sorts of
• 18:14
  Speaker 1: you know, unfortunate and very scary lessons to the West
• 18:17
  Speaker 1: about you know, sort of like the new face of war.
• 18:21
  Speaker 1: You know, the issues in the Huthis and the Red Sea,
• 18:25
  Speaker 1: you know, with aircraft carriers dodging missiles and big huge
• 18:28
  Speaker 1: article in the Wall Street Journal on that today have
• 18:30
  Speaker 1: quite a good read. Or even something like the India
• 18:33
  Speaker 1: Pakistan mini war just a couple of weeks ago, where
• 18:36
  Speaker 1: they were shooting each other's airplanes down. We saw performance
• 18:40
  Speaker 1: from Chinese weapons that was extremely surprising, and I was like, whoa,
• 18:44
  Speaker 1: you know, nobody expected the Chinese weapons to be as
• 18:47
  Speaker 1: good as they were, except maybe the Chinese. And the
• 18:50
  Speaker 1: Chinese are smiling from ear to ear right now about
• 18:53
  Speaker 1: you know, hey, look look at look at what our
• 18:54
  Speaker 1: jets did. Look at what our missiles did. The Indians
• 18:57
  Speaker 1: are like, well, no, you didn't do that. Well, you know,
• 18:59
  Speaker 1: I mean, nobody's gonna argue about over who did what,
• 19:01
  Speaker 1: and a lot of things are just classified. They're not
• 19:03
  Speaker 1: talking about it. But we we live in a world
• 19:06
  Speaker 1: where the defense sector, in addition to gold and silver,
• 19:09
  Speaker 1: I know, we started talk about Golden Star. You know,
• 19:12
  Speaker 1: the defense sector is also hot in many ways. But
• 19:15
  Speaker 1: that's a whole other discussion.
• 19:18
  Speaker 3: Yeah, they don't want to get off the topic. But
• 19:19
  Speaker 3: I'm always looking at the sector and wondering about it,
• 19:23
  Speaker 3: and it seems like boom times for it now. I mean,
• 19:31
  Speaker 3: you look at the biggest beneficiaries of the Ukraine War,
• 19:37
  Speaker 3: the Ukraine Russia War. Clearly it's the military industrial complex, right.
• 19:43
  Speaker 1: Yes, I mean Russia has completely militarized its economy in
• 19:49
  Speaker 1: so many ways. And then you know, the US and
• 19:52
  Speaker 1: Europe i mean emptied the warehouses to you know, feed
• 19:56
  Speaker 1: into the into the Ukraine side. A lot of equipment
• 19:59
  Speaker 1: from the a and nineties and early two thousands just
• 20:02
  Speaker 1: got put on the planes and the ships and the
• 20:03
  Speaker 1: trucks and you know, sent to the front lines where
• 20:05
  Speaker 1: it all got blown up. You know. And uh, right
• 20:09
  Speaker 1: now it's the great the great replacement is going on.
• 20:12
  Speaker 1: You know, we're buying new stuff, you know, new, you know,
• 20:15
  Speaker 1: new and better. You know, new and improved all that. Uh,
• 20:17
  Speaker 1: don't want to get too cynical about it, but uh
• 20:20
  Speaker 1: uh that's part of why, you know, why the defense
• 20:23
  Speaker 1: guys are doing really well. You know, you know, jet engines, airplanes, missiles,
• 20:26
  Speaker 1: you know, or other ordnance. Uh, you know, ships and shipbuilding.
• 20:30
  Speaker 1: I mean, American shipbuilding is in the absolute you know,
• 20:34
  Speaker 1: dol drums. It's just it just we've we've de industrialized
• 20:38
  Speaker 1: the shipbuilding sector. And you know, long cam's President Trump
• 20:41
  Speaker 1: and he's ship building, ship building, shipbuilding. Well, you know,
• 20:44
  Speaker 1: make all the fun you want about it, but you know,
• 20:46
  Speaker 1: the country needs the United States needs a shipbuilding sector,
• 20:50
  Speaker 1: and we need to revitalize it. And again there's there's
• 20:52
  Speaker 1: great money to be made investment wise there too. I
• 20:55
  Speaker 1: actually wrote about that, you know, in the last couple
• 20:57
  Speaker 1: of months. I've had a couple of articles about you know,
• 20:59
  Speaker 1: ship building and the defense sector things like that. Again,
• 21:02
  Speaker 1: I know we're getting off the topic of Golden Solo,
• 21:07
  Speaker 1: but it all sort of fits together. The world is
• 21:10
  Speaker 1: the world is a dangerous place and people are running
• 21:13
  Speaker 1: to security and what you know, what could be more
• 21:15
  Speaker 1: secure than, you know, than owning gold like this nice
• 21:18
  Speaker 1: little gold you know, Indian head from the US Mint
• 21:22
  Speaker 1: or what have you? You know?
• 21:24
  Speaker 3: All right, well, hey, it's great catching up with you, Byron.
• 21:28
  Speaker 3: We'll have a link in the show notes this interview
• 21:31
  Speaker 3: on Financial Survival Network dot com. We've also got a
• 21:34
  Speaker 3: substack now, so we just ask you to go there
• 21:37
  Speaker 3: instead of our regular newsletter, which still goes out like
• 21:42
  Speaker 3: I'm an ere in it now, over seventy five thousand
• 21:44
  Speaker 3: people get the weekly free newsletter. Sometimes it's a little more,
• 21:48
  Speaker 3: sometimes it's a little less, but a lot of people
• 21:51
  Speaker 3: and got a question for Byron myself. Just shoot me
• 21:55
  Speaker 3: an email kl Atkerrie LUTs dot com. Talk to you soon, right, Thanks.
• 22:00
  Speaker 1: Thanks, carry, thanks you, good luck to everybody out there
• 22:02
  Speaker 1: with your investing.
• 22:03
  Speaker 2: Well, thanks for listening to Carrie Letz's Financial Survival Network,
• 22:08
  Speaker 2: your solution to today's trying times. For the latest, go
• 22:12
  Speaker 2: to Financial Survivalnetwork dot com. Financial Survival Network now more
• 22:18
  Speaker 2: than ever,