Latest / Financial Survival Network / The Coming Precious Metals Supercycle - Dana Samuelson #6432

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The Coming Precious Metals Supercycle - Dana Samuelson #6432 · Financial Survival Network

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  Speaker 1: You're listening to Cary Lutz's Financial Survival Network, where you
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  Speaker 2: And welcome. This is Financial Survival Network. I'm your host,
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  Speaker 2: Kerry Lutz.
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  Speaker 3: Dana Samuelson, CEO of Amerigold, is with us now. Been
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  Speaker 3: buying gold a long time from them. And Dana, it's
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  Speaker 3: great to have you on the show. I think this
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  Speaker 3: is your first time, if memory serves me correct. And
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  Speaker 3: first thing I'm going to ask you is, we had
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  Speaker 3: this tremendous run-up, parabolic move, gold and silver, and really
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  Speaker 3: everything else. Now it's settled back into reality. What do
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  Speaker 3: you think the future is here?
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  Speaker 4: Well, Kerry, we've had a major run and now we're
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  Speaker 4: in the consolidation phase, which is classic for precious metals.
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  Speaker 4: You know, if you go back to what happened during
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  Speaker 4: the great financial crisis, 2008 to 2011, gold doubled, ran
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  Speaker 4: up to from $ 800, $ 900 to about $ 1, 900, settled in
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  Speaker 4: a two-year trading range between about 1650 and 1850. And
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  Speaker 4: then as the global economies got traction, it took a tumble,
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  Speaker 4: settled into about $ 1, 100 to $ 1, 300 trading range. For about
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  Speaker 4: six years, the consolidation phase went on. When COVID hit,
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  Speaker 4: gold ran back from about $ 1, 300 to.
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  Speaker 2: $ 2, 000.
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  Speaker 4: We settled into another consolidation phase that lasted about four years.
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  Speaker 4: Now we've had gold go from basically $ 2, 100 to a
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  Speaker 4: a peak of $ 5, 400. We're settling into a $ 3, 950 to $ 4, 500
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  Speaker 4: trading range. I do think the bottoms are pretty firm
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  Speaker 4: at $ 3, 950, but we've got probably some more time to
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  Speaker 4: digest the big gains that we've had. So this could
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  Speaker 4: go on for six months, a year, maybe longer before
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  Speaker 4: we see prices move higher. But what's driving the price,
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  Speaker 4: continual debt. Now we have two wars going on in
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  Speaker 4: the world and a burgeoning energy crisis. We're not quite
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  Speaker 4: to crisis phase yet, but we're potentially entering one. We've
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  Speaker 4: got treasury yields surging higher as the cost of financing
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  Speaker 4: continues to increase and the cost of what investors want
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  Speaker 4: to hold U.S. treasuries as a risk reward ratio are
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  Speaker 4: higher rates. You know, I do think, and of course,
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  Speaker 4: the purchasing power of fiat currencies continue to lose value
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  Speaker 4: to inflation. So I think the consolidation phase could last
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  Speaker 4: a while, but it'll be shorter than the last year
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  Speaker 4: that we've seen, you know, six years and three years.
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  Speaker 4: So I think we'll go sideways for a little while longer.
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  Speaker 4: I'm pretty comfortable with bottoms at around $ 39. 50 for gold
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  Speaker 4: and $ 55 for silver, although... You know, if we have
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  Speaker 4: an inflation-induced global economic slowdown, metals could be pressure a
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  Speaker 4: bit lower, still below those numbers.
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  Speaker 2: But we'll see.
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  Speaker 4: But if that happens, other things will fall faster. And
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  Speaker 4: then that'll set the stage for a pretty sharp rebound
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  Speaker 4: in metals once that phase passes, because how will the
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  Speaker 4: governments around the world respond? By printing money to stimulate
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  Speaker 4: the economies again, probably. And when that happens, that'll light
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  Speaker 4: a fire under precious metals, if my thesis is correct.
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  Speaker 3: Yeah, well, the debt clock, you know, we just passed
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  Speaker 3: 40 trillion. And if anything, it's accelerating. So, you know,
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  Speaker 3: is the world catching on here or people catching on
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  Speaker 3: that the dollar is a depreciating asset?
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  Speaker 4: Absolutely. I mean, that's what last year told us.
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  Speaker 2: You know, the U.S.
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  Speaker 4: Investor was primarily absent from gold's 75% run higher last year.
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  Speaker 4: This was the world buying gold at record rates, primarily
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  Speaker 4: due to the global, the monkey wrench President Trump threw
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  Speaker 4: into the global trade order with tariffs. Spooked a lot
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  Speaker 4: of people about the U.S., our debt, our reliability and
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  Speaker 4: responsibility to the world. And the dollar as well. Now,
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  Speaker 4: I don't think the dollar is going to go anywhere,
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  Speaker 4: but the purchasing power that it holds is going to
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  Speaker 4: continue to decline like it has. And that's why the
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  Speaker 4: world went on a global precious metals buying spree last
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  Speaker 4: year that.
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  Speaker 2: Was sparked by tariffs.
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  Speaker 4: But I've never seen anything like it in my life.
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  Speaker 4: career without the U S involved. And the question is
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  Speaker 4: what happens if U S investors get spooked?
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  Speaker 2: Uh, because we had a.
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  Speaker 4: Decent economy last year, stock markets were doing pretty well,
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  Speaker 4: but now we've got a war and a potential energy shock.
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  Speaker 4: And if U S investors get spooked, you know, they
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  Speaker 4: could really help turbocharge metals higher, uh, at some point
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  Speaker 4: in time.
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  Speaker 2: Yeah.
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  Speaker 3: And what about the impact of Bitcoin? Looks like the, uh,
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  Speaker 3: Bitcoin illusion has somewhat faded, huh?
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  Speaker 4: Yeah, the shine is coming off of Bitcoin. It's had
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  Speaker 4: a couple major runs higher, but also two major corrections.
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  Speaker 4: It's settling into a more steady trading range with still volatility,
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  Speaker 4: but lower volatility, but still a much more volatility than gold.
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  Speaker 4: Gold was playing second fiddle to Bitcoin for about 10 years,
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  Speaker 4: and it played catch up last year and showed that
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  Speaker 4: what gold really does best over time, uh, was revealed. And,
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  Speaker 4: you know, Bitcoin has been more adopted by mainstream now,
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  Speaker 4: and it's more correlated to the NASDAQ in particular than
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  Speaker 4: it's ever been, uh, because a lot of big players
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  Speaker 4: look at it as a tech, a tech, uh, alternative. Um,
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  Speaker 4: it's here to stay. You know, there's a point in
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  Speaker 4: time when I think Bitcoin was taking some, uh, price
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  Speaker 4: action from gold when gold was trading between about 1900
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  Speaker 4: and 2000 for a couple of years. I think Bitcoin
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  Speaker 4: probably held gold in check by a couple hundred bucks,
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  Speaker 4: but that phase is over now. So I like Bitcoin
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  Speaker 4: as an alternative asset, but I'll, I'll trade it within a,
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  Speaker 4: you know, I'd like to buy it at the lower
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  Speaker 4: end of the trading range and try and sell it
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  Speaker 4: at a higher end of the trading range and play
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  Speaker 4: the volatility more than I'd like to hold it as
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  Speaker 4: an asset.
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  Speaker 2: So you don't think it's seen its day, huh?
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  Speaker 4: What do you mean, seen it stay? I don't think, no,
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  Speaker 4: Bitcoin's here to stay.
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  Speaker 2: I mean, yeah.
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  Speaker 4: But I think the outsized gains are not going to
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  Speaker 4: continue the way we've seen it.
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  Speaker 3: But as far as, yeah, as far as it being
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  Speaker 3: a digital gold, that's what they were saying. And it's
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  Speaker 3: far outperforming precious metals. You know, a dollar invested in
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  Speaker 3: Bitcoin in 2010, it's worth $ 262, 000 now.
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  Speaker 4: Yeah, no, it's had an incredible run, but it's also
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  Speaker 4: settling into more mainstream adopted asset, which is going to
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  Speaker 4: mitigate some of the higher spikes and the volatility that
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  Speaker 4: it's had. It'll still have volatility, but it's not digital gold.
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  Speaker 4: It's not the same thing as gold, in my opinion.
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  Speaker 2: All right.
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  Speaker 3: But it does have certain benefits. Its ability to rapidly
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  Speaker 3: change hands, use it I mean, I don't think that
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  Speaker 3: many people are really using it to pay bills or
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  Speaker 3: to make purchases with.
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  Speaker 4: No, its utility is not great, but it has one
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  Speaker 4: gigantic advantage that almost no other asset has, which is
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  Speaker 4: its ability to move serious money over borders simply and easily.
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  Speaker 4: You can cross a border with a million dollars in
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  Speaker 4: Bitcoin on your phone and there's no currency controls on that.
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  Speaker 4: Or you can transfer money across the world with the
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  Speaker 4: stroke of a keystroke. And that's the only asset that
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  Speaker 4: can do that. And there's a lot of utility there.
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  Speaker 4: I don't underestimate that at all.
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  Speaker 2: That's a unique attribute that is really... For sure. Yeah,
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  Speaker 2: no question about it. Yeah, so.
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  Speaker 3: So you think we'll see a resurgence? You think it'll
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  Speaker 3: get back to six figures and higher?
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  Speaker 4: Oh, eventually, I think it will, just simply by the numbers.
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  Speaker 4: You know, there's just more and more people that want
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  Speaker 4: to participate in the market than there would potentially are
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  Speaker 4: available Bitcoin. I do like the limited availability of it.
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  Speaker 4: So I do think it's going to go higher over time.
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  Speaker 4: But I think the outsized gains that we've seen, the
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  Speaker 4: really big moves, will be mitigated by the mainstream adoption
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  Speaker 4: that it's gone through.
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  Speaker 2: Okay, reasonable enough. I'm kind of in agreement with you
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  Speaker 2: on that. So what about silver?
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  Speaker 3: Silver hit $ 121. Now it's trading like half that. What
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  Speaker 3: caused silver to go that high, and what's going to
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  Speaker 3: make it come back?
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  Speaker 4: Well, last year, the tariffs incidents, there were two. There
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  Speaker 4: was one in March and April when we ramped up
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  Speaker 4: tariffs on China to 145% after Liberation Day when we
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  Speaker 4: were taking tariffs off of everyone else. The Chinese got
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  Speaker 4: spooked when we did that, and they drove gold $ 500
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  Speaker 4: higher from $ 2, 900 to $ 3, 400. Last August, about the same
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  Speaker 4: time the Fed cut rates, President Trump tariffed India 50%
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  Speaker 4: for buying Russian oil from the Ukraine, buying Russian oil
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  Speaker 4: from Russia, rather, which was supporting Russia against the war
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  Speaker 4: in the Ukraine.
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  Speaker 2: Excuse me.
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  Speaker 4: India went on a precious metals buying spree, silver in particular.
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  Speaker 4: that turbocharged the silver price from about $ 45, $ 50 all
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  Speaker 4: the way to $ 100. And they actually broke the London
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  Speaker 4: over-the-counter market for a couple days with their ETF buying.
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  Speaker 4: And that is really what helped to put silver into
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  Speaker 4: a fear-of-missing-out market in December and January of last year
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  Speaker 4: into this year, that turbocharged it from about $ 80, $ 90
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  Speaker 4: to $ 120, and now it's corrected back down. Central banks
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  Speaker 4: hold a lot of gold, which is available to be
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  Speaker 4: loaned or borrowed, but not the same for silver, which
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  Speaker 4: is why when India went on a silver buying spree,
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  Speaker 4: which then led the world into a silver buying spree,
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  Speaker 4: supplies got incredibly strained and the price got turbocharged. Now
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  Speaker 4: we're in a correction mode. I do think with gold
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  Speaker 4: at around $ 4, 100 an ounce, $ 4, 150 today as we speak,
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  Speaker 4: and silver at about $ 61 an ounce as we speak,
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  Speaker 4: Silver could double more easily from here than gold could.
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  Speaker 4: I could see gold go up 50% and silver go
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  Speaker 4: up 100%. Those numbers, I think, are pretty realistic in
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  Speaker 4: the next couple of years. I don't like to look
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  Speaker 4: too far over the horizon because things change.
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  Speaker 2: But I do think.
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  Speaker 4: Silver will have greater upside profit potential. And it's shown
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  Speaker 4: that it can hit those kind of numbers because it
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  Speaker 4: already has.
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  Speaker 2: Interesting. Interesting times, as the Chinese say. Yeah.
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  Speaker 3: Your prospective clients, you're selling bullion. What is their biggest
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  Speaker 3: interest at this point?
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  Speaker 2: What's the biggest demand?
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  Speaker 4: Well, we're a physical precious metals company dealing in primarily
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  Speaker 4: the most widely traded, competitively priced modern bullion pieces from
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  Speaker 4: sovereign mints. But we also do a pretty big vintage U.S.
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  Speaker 4: gold coin business, which are modest collectibles. They can You
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  Speaker 4: can have some premium potential due to scarcity, depending where
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  Speaker 4: the premiums are in the cycle. That market has been
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  Speaker 4: hit pretty hard. The premiums have been by the run
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  Speaker 4: up in the gold price.
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  Speaker 2: U.S.
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  Speaker 4: Collectors have not followed suit with the higher gold price.
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  Speaker 4: In fact, we've seen profit taking in that sector. So
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  Speaker 4: most of my clients these days, they just want it
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  Speaker 4: to be as simple as possible, which are just ounces
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  Speaker 4: of gold. U.S. mint made, Canadian mint made, Austrian mint made,
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  Speaker 4: one ounce gold and silver pieces are the most popular.
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  Speaker 4: People want something that's easy to understand. And they're not
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  Speaker 4: interested in, you know, leverage that might be offered that
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  Speaker 4: some of these vintage collectibles have. Not right now, anyway,
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  Speaker 4: because there's still a modest amount of fear over our debt,
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  Speaker 4: our deficits. Like you said, I mean, we're going to
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  Speaker 4: hit a two trillion dollar deficit this year and It
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  Speaker 4: used to be that a $ 1 trillion deficit would spook us, right?
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  Speaker 2: And the trend.
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  Speaker 2: So true.
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  Speaker 4: Yeah, politicians, they know how to create promises. That's why
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  Speaker 4: I call gold honest money, because you just can't print
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  Speaker 4: more of it at will, where paper fiat currencies, look
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  Speaker 4: what they've done. Our debt was $ 8 trillion in 2006.
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  Speaker 4: It was $ 19 trillion in 2016, more than double.
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  Speaker 3: And now.
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  Speaker 4: Another 10 years later, it's doubled again. So you got
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  Speaker 4: to ask yourself, what's it going to be in 2036?
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  Speaker 4: Are we going to be $ 80 trillion in debt? Probably not.
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  Speaker 4: But it's a possibility if we continue to double the
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  Speaker 4: way we have.
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  Speaker 2: It's crazy.
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  Speaker 3: If the dollar stays the reserve currency, which for now,
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  Speaker 3: there really is no choice.
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  Speaker 2: You know, the trust factor.
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  Speaker 3: They might not trust the dollar, but I always say
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  Speaker 3: the dollar is the best looking house in Baltimore, you know?
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  Speaker 4: Yeah, there's not a viable alternative to the dollar. Gold
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  Speaker 4: has been a bit of an alternative to central bankers
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  Speaker 4: who want to have an asset that can't be seized
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  Speaker 4: or sanctioned because gold in a vault can't be. And
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  Speaker 4: central bankers have doubled their gold buying in the last
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  Speaker 4: four years since Russia invaded the Ukraine and we weaponized
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  Speaker 4: the dollar. But there's still no Viable replacement for the
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  Speaker 4: dollar's utility. It's embedded in the world's financial transaction systems
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  Speaker 4: and invoicing, settlement, of course, trading.
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  Speaker 2: So it's here to stay.
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  Speaker 4: But purchasing power of all currencies will continue to decline
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  Speaker 4: against all tangible assets. So Bitcoin will benefit from some
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  Speaker 4: of that. Precious metals will. Commodities will. Real estate will.
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  Speaker 4: That's just the sign of the times.
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  Speaker 3: Yeah.
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  Speaker 2: This is true.
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  Speaker 3: And yeah, so until there's a viable alternative, it looked
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  Speaker 3: like to me that crypto was going to be that alternative.
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  Speaker 3: But it's just not quite there yet, is it?
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  Speaker 4: It doesn't have the utility. You know, you can take
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  Speaker 4: a dollar and spend it anywhere around the world. You
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  Speaker 4: just really can't spend Bitcoin or some of the other
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  Speaker 4: cryptos easily the way you might want to. And you
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  Speaker 4: can't really spend gold and silver easily either. Well, that's
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  Speaker 4: why the dollar is here to stay for the time being,
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  Speaker 4: at least, until maybe we'll see what happens when we
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  Speaker 4: get digital currencies or stable coins. We'll have to see
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  Speaker 4: how that affects the financial system.
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  Speaker 3: Yeah.
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  Speaker 2: Agreed. Agreed.
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  Speaker 3: All right. So what's your projection for gold, at least
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  Speaker 3: through the first quarter of 27?
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  Speaker 4: Well, we're getting hit a bit hard right now with
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  Speaker 4: higher yields, with the 10-year treasury going from about 4.8%
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  Speaker 4: at a peak to now 5.25% in just a very
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  Speaker 4: short period of time. Interest rates continue to rise. That's
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  Speaker 4: going to pressure precious metals. And we have two basic
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  Speaker 4: trading ranges we've been in for the past, since the correction, 39.50
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  Speaker 4: to about 43.50 and then 43.50 to 47.50. We're back
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  Speaker 4: into the lower trading range now for gold. Silver, you know,
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  Speaker 4: 55 to about 65 and then 65 to 72. We're
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  Speaker 4: back in the lower trading range for silver. And precious
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  Speaker 4: metals tend to go into trading ranges and then go
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  Speaker 4: sideways for a while until something pressures them one way
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  Speaker 4: or the other. I think we're going to go sideways
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  Speaker 4: for a while here with maybe the bias a little
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  Speaker 4: bit towards the low side, but I think that's going
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  Speaker 4: to create a great buying opportunity. And it is creating
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  Speaker 4: a great buying opportunity right now for those that want
• 17:02
  Speaker 4: to wade in and then add on a consistent basis.
• 17:06
  Speaker 4: That's really the best way to cost average if you
• 17:08
  Speaker 4: want to accumulate. But I do think at some point
• 17:10
  Speaker 4: in time, we're going to, see government stimulus come in
• 17:14
  Speaker 4: as the economies of the world slow down a bit. Now,
• 17:17
  Speaker 4: right now, AI spending is just off the charts.
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  Speaker 2: It's incredible.
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  Speaker 4: And it's helping to buoy the stock market, helping to
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  Speaker 4: push interest rates higher because these companies that are looking
• 17:30
  Speaker 4: for financing to build out all of the infrastructure that
• 17:34
  Speaker 4: they want to build out are paying higher rates. So
• 17:36
  Speaker 4: the treasuries have to compete. That's part of the reason
• 17:38
  Speaker 4: why treasury yields are rising. But where's the profitability? for
• 17:42
  Speaker 4: these companies, for the rate of spending that they're going through.
• 17:46
  Speaker 4: Are we really going to get the.
• 17:48
  Speaker 2: So far, there isn't any.
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  Speaker 4: Pardon me? True.
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  Speaker 2: So far, there is no profitability, right?
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  Speaker 3: Yeah.
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  Speaker 4: I mean, we'll see how much AI can enhance the
• 17:58
  Speaker 4: world's economy or our ability to produce things. And it
• 18:01
  Speaker 4: could be truly revolutionary, but there's going to be some
• 18:04
  Speaker 4: bumps along the way. And it's probably going to be
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  Speaker 4: like VHS or beta, you know, there's going to be,
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  Speaker 4: there's five or six companies now and one or two
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  Speaker 4: are going to be the dominant companies in the long run.
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  Speaker 4: And three or four of them are probably going to fail.
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  Speaker 4: That's the way I think it could translate. But there's
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  Speaker 4: a blip confusing things a bit. And once the dust settles, uh,
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  Speaker 4: there could be some economic issues, real economic issues.
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  Speaker 2: Yeah. I totally agree with you.
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  Speaker 3: And, uh, Really, we just found out that.
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  Speaker 2: The goat of.
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  Speaker 3: The publicly available AI, I'm talking about Claude, I call
• 18:46
  Speaker 3: it El Claudio, is doing nothing but losing money.
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  Speaker 2: It's losing billions.
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  Speaker 4: Yeah, that's the way it's going to be for a while.
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  Speaker 4: I look at Oracle and how much money they have borrowed.
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  Speaker 4: to get in the game. And they've really, I think
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  Speaker 4: they've put the whole Oracle business model at risk with
• 19:10
  Speaker 4: their amount of debt they've taken on if they cannot
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  Speaker 4: prove to be profitable in the long run. Imagine spending
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  Speaker 4: 50 years building a business and then making the biggest
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  Speaker 4: gamble only to watch it fail. I think it's a possibility.
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  Speaker 4: Who knows how it's going to translate? And I think
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  Speaker 4: what you just said is another indicator. There's so much
• 19:29
  Speaker 4: competition and Right now, there's no way to really translate
• 19:33
  Speaker 4: it into true, real, meaningful profits. We'll see how it
• 19:38
  Speaker 4: all goes.
• 19:38
  Speaker 2: Yeah, like they're all doing the AI now. Like you
• 19:42
  Speaker 2: can't not do it.
• 19:43
  Speaker 3: I do believe that we're in for a productivity revolution.
• 19:49
  Speaker 2: If productivity.
• 19:50
  Speaker 3: Of the average American worker goes up 20-25% in the
• 19:54
  Speaker 3: next three years, all of the talk of debt and
• 19:58
  Speaker 3: everything else could be kind of academic, couldn't it?
• 20:02
  Speaker 4: Yes, but it depends on how it affects the employment,
• 20:05
  Speaker 4: the workforce. If we undercut 25% of our workforce through
• 20:10
  Speaker 4: an increase in 25% of our productivity through computers. What
• 20:15
  Speaker 4: does that do to our economy in the meantime and
• 20:17
  Speaker 4: the people that don't have the jobs? I mean, in Austin, Texas,
• 20:20
  Speaker 4: where I live, we've got computer programmers, great ones, who
• 20:24
  Speaker 4: have been put on the street in the last few
• 20:25
  Speaker 4: years by AI. The town has grown and built on
• 20:29
  Speaker 4: high tech, and a lot of programmers are looking for
• 20:33
  Speaker 4: jobs as baristas right now because they've been programmed out.
• 20:39
  Speaker 3: Their programming turned out to be defective, didn't it?
• 20:44
  Speaker 2: Yeah. Yeah.
• 20:45
  Speaker 3: It's not really funny. I feel badly for these people because,
• 20:50
  Speaker 3: you know, it's like the college thing. You go to college,
• 20:55
  Speaker 3: you spend whatever it costs to go to college. And then,
• 21:00
  Speaker 3: you know, your degree becomes worthless and you feel like
• 21:05
  Speaker 3: you've been done in by the system. So it's not
• 21:08
  Speaker 3: real hard to understand why many of you out there
• 21:12
  Speaker 3: feel like you've been screwed, right? And socialism is starting
• 21:18
  Speaker 3: to look pretty good, right?
• 21:20
  Speaker 4: Yeah, that's exactly some of the symptoms we're seeing in
• 21:23
  Speaker 4: the country right now, you know, with people that don't
• 21:27
  Speaker 4: think they have an alternative after being sold that this
• 21:31
  Speaker 4: is the way to do it. And now they've had
• 21:33
  Speaker 4: the rug pulled out from under them. What do you
• 21:35
  Speaker 4: do next? Well, you look for an alternative. And that's
• 21:37
  Speaker 4: why I think some of the, you know, social programs
• 21:43
  Speaker 4: are looking so good to some of these people, you know,
• 21:46
  Speaker 4: or socialism as a way to, you know, level the
• 21:50
  Speaker 4: playing field. But that's, you know, the U.S. I do
• 21:53
  Speaker 4: have a lot of faith in the U.S. entrepreneurial spirit.
• 21:57
  Speaker 4: I mean, we built this country over 200 years through
• 22:01
  Speaker 4: freedom and, you know, the ability of man to create
• 22:05
  Speaker 4: things that didn't exist before. So AI is going to
• 22:08
  Speaker 4: be a technical revolution that will be beneficial, but the
• 22:11
  Speaker 4: transition is going to create some bumps.
• 22:17
  Speaker 3: Yeah, well, you know what the largest job sector in
• 22:20
  Speaker 3: the country is?
• 22:22
  Speaker 2: Largest job description? Driver. What is it? Driver. Literally.
• 22:30
  Speaker 3: People driving. Over 10 million people are drivers. That's every aspect.
• 22:35
  Speaker 3: That's taxis, Ubers, limo drivers, delivery people, truck drivers, driver.
• 22:44
  Speaker 3: And you think about that sector is basically, you know,
• 22:49
  Speaker 3: we're on the edge now of it being driven out. That's,
• 22:54
  Speaker 3: you know, it's not a high skilled job, although you
• 22:56
  Speaker 3: could argue that driving an 18 wheeler across I-70 in
• 23:00
  Speaker 3: the Rockies is a high-skilled job or ice road truckers
• 23:05
  Speaker 3: in Alaska. But that segment, that job sector is under
• 23:14
  Speaker 3: direct threat now from autonomous vehicles. We're at the birth
• 23:18
  Speaker 3: of them.
• 23:19
  Speaker 2: Well, rather than get into the.
• 23:22
  Speaker 4: Quick comment on that. We've got big rigs running between
• 23:25
  Speaker 4: Dallas and Houston that are automated. They're testing those. And
• 23:28
  Speaker 4: we've got those gold-colored Teslas in Austin now, in addition
• 23:33
  Speaker 4: to Waymos.
• 23:34
  Speaker 2: That are the first cabs. Yeah, totally. Totally.
• 23:41
  Speaker 3: So, yeah, we're not going to recognize the world in
• 23:46
  Speaker 3: another five years. So we've just got to hope that
• 23:49
  Speaker 3: it's going to work out right, that the machines don't
• 23:54
  Speaker 3: decide that they don't need us anymore. And they can
• 23:57
  Speaker 3: manage fine on their own. And, you know, everything's changing.
• 24:01
  Speaker 3: We see autonomous warfare stepping up now. Well, Dana, it's
• 24:08
  Speaker 3: been great talking with you. Just tell us, where do
• 24:11
  Speaker 3: we find you? How do we connect with you on
• 24:13
  Speaker 3: the web?
• 24:15
  Speaker 4: Company is American Gold Exchange. We're out of Austin, Texas.
• 24:19
  Speaker 4: Our web address is A-M-E-R-G-O-L-D.com. dot com live we have
• 24:26
  Speaker 4: live online transparent pricing the most widely traded competitively priced
• 24:32
  Speaker 4: and for buyers easily sellable precious metals products we stay
• 24:38
  Speaker 4: on the main road we're consultative in nature if you
• 24:41
  Speaker 4: have any questions i've got a four hand-picked account managers
• 24:45
  Speaker 4: who are highly trained who are consultative in nature who
• 24:49
  Speaker 4: will help answer any questions anyone might have whether you're
• 24:52
  Speaker 4: buying or selling physical precious metals. That's our business. We
• 24:56
  Speaker 4: stay in our lane. Been there for 28 years. And
• 25:00
  Speaker 4: I've got a younger daughter, so I'm not going anywhere
• 25:03
  Speaker 4: anytime soon.
• 25:06
  Speaker 3: All right. Good to know. Good to know you're here
• 25:09
  Speaker 3: for the long haul. And, you know, we've been waiting
• 25:13
  Speaker 3: for this for a long time, and it's not really
• 25:16
  Speaker 3: a shock. If you've got any questions for Dana or myself,
• 25:19
  Speaker 3: shoot me an email, kl at kerrylutz.com. And we answer
• 25:25
  Speaker 3: all comments and questions. And take a look at our
• 25:29
  Speaker 3: sub stack. You find it at financialsurvivalnetwork.com. Dana, been a
• 25:34
  Speaker 3: pleasure speaking with you. And we will talk to you
• 25:36
  Speaker 3: again real soon.
• 25:37
  Speaker 4: Carrie, thanks for having me.
• 25:38
  Speaker 2: It's great to see you again.
• 25:39
  Speaker 4: Appreciate it.
• 25:40
  Speaker 1: Thanks for listening to Carrie Lutz's Financial Survival Network, your
• 25:44
  Speaker 1: solution to today's trying times. For the latest, go to FinancialSurvivalNetwork.com.
• 25:50
  Speaker 1: Financial Survival Network, now more than ever.