Latest / Financial Survival Network / Silver Squeeze, Gold Surge, Crypto Shock! - Alan Hibbard #6260

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Silver Squeeze, Gold Surge, Crypto Shock! - Alan Hibbard #6260 · Financial Survival Network

• 0:00
  Speaker 1: I see gold going a lot higher this year, silver
• 0:02
  Speaker 1: the same. So silver's all time highs roughly fifty dollars
• 0:06
  Speaker 1: an ounce. It's still around thirty four, so it still
• 0:09
  Speaker 1: needs a fifty percent game to get back to those
• 0:11
  Speaker 1: all time highs. But it's common.
• 0:12
  Speaker 2: You are listening to Carrie Let's's Financial Survival Network where
• 0:16
  Speaker 2: you get valuable information. You just can't find anywhere else
• 0:20
  Speaker 2: to thrive in today's trying times. You need the Financial
• 0:24
  Speaker 2: Survival Network now more than ever. Go to Financial Survivalnetwork
• 0:29
  Speaker 2: dot com and get your free newsletter in gift Financial
• 0:33
  Speaker 2: Survival Network now more than ever.
• 0:40
  Speaker 3: And welcome you are listening to and watching the Financial
• 0:43
  Speaker 3: Survival Network. I'm your host, Carrie Lutz. Alan Hibbert is
• 0:48
  Speaker 3: with us now Goldsilver dot com. Alan, Hey, it's been
• 0:53
  Speaker 3: a few months, but a lot has happened during those
• 0:55
  Speaker 3: few months, hasn't it.
• 0:57
  Speaker 1: Yeah, thanks for having me back, Kerry, appreciate it. There's
• 0:59
  Speaker 1: a lot to discussed in gold and silver.
• 1:01
  Speaker 3: Right, so record high prices now, it looks like maybe
• 1:05
  Speaker 3: we're due for a little pullback. That wouldn't be surprising,
• 1:08
  Speaker 3: would it.
• 1:09
  Speaker 1: No, I mean there's always pullbacks in the market, But
• 1:11
  Speaker 1: I mean if you're the type of investor that I am,
• 1:13
  Speaker 1: you zoom out and you look at the big picture
• 1:15
  Speaker 1: and you don't worry about the day to day noise.
• 1:17
  Speaker 1: So I see gold going a lot higher this year,
• 1:20
  Speaker 1: Silver the same. So silver's all time highs roughly fifty
• 1:24
  Speaker 1: dollars announce, it's still around thirty four, so it still
• 1:27
  Speaker 1: needs a fifty percent gain to get back to those
• 1:29
  Speaker 1: all time highs, but it's common maybe in the next
• 1:31
  Speaker 1: year or two.
• 1:32
  Speaker 3: Right, and hey, Eric Sprott thinks we're looking at three
• 1:35
  Speaker 3: hundred dollars three hundred dollars silver. I mean, I'd love
• 1:39
  Speaker 3: to see it, but I think that's possible.
• 1:42
  Speaker 1: Well eventually, Yeah, it depets how long you're willing to wait.
• 1:44
  Speaker 1: So a lot of silver stackers have been waiting decades
• 1:48
  Speaker 1: right for these prices. So if you're willing to wait longer,
• 1:51
  Speaker 1: I mean, you could see those prices be realized. And
• 1:54
  Speaker 1: something that just happened, either earlier today or yesterday was
• 1:57
  Speaker 1: robin Hood stopping trading of PSLV. So speaking of sprot silver,
• 2:04
  Speaker 1: Robinhood traders can't buy into that silver etf anymore. And
• 2:08
  Speaker 1: I haven't had a chance to look beyond the headlines.
• 2:11
  Speaker 1: But it seems suspicious to me that something like that
• 2:13
  Speaker 1: would happen at this point in the market when there's
• 2:16
  Speaker 1: potentially a run on physical silver. So that does seem
• 2:19
  Speaker 1: a little excuse me, that does seem a little suspicious.
• 2:22
  Speaker 1: But perhaps there's a benign explanation there. So I guess
• 2:27
  Speaker 1: we'll see.
• 2:27
  Speaker 3: All right, somebody plugged it into chat GPT and basically
• 2:33
  Speaker 3: is it being manipulated and how is it being done
• 2:37
  Speaker 3: and why? And I'm going to plug it in right
• 2:40
  Speaker 3: now and let's see if it changed its mind. But
• 2:43
  Speaker 3: there is no public, verified evidence proving illegal manipulation. That said,
• 2:48
  Speaker 3: there are legitimate concerns about silver price manipulation in general,
• 2:52
  Speaker 3: and since PSLV is a physical silver trust, any manipulation
• 2:56
  Speaker 3: of the spot price of silver would naturally impacted. But
• 3:00
  Speaker 3: there was a huge spike in the short position in PSLV,
• 3:07
  Speaker 3: and you know, it was like somebody sent me a
• 3:12
  Speaker 3: chart of it. It was huge. Let's just say, is
• 3:15
  Speaker 3: there a huge spike in ps LV shorts?
• 3:22
  Speaker 1: That's what I saw.
• 3:22
  Speaker 3: The chart was like it was like five hundred times.
• 3:25
  Speaker 1: Alan no gez Okay, Yeah, I didn't see that chart,
• 3:28
  Speaker 1: but it wouldn't surprise me.
• 3:30
  Speaker 3: Alic like you couldn't believe, so let's just ask it.
• 3:34
  Speaker 3: And because it knows all right, it's like the old
• 3:37
  Speaker 3: Johnny Carson character, all knowing, all seeing profit there.
• 3:47
  Speaker 1: It does make mistakes, though, keep that in mind, like
• 3:50
  Speaker 1: if you ever ask it about a topic that you
• 3:52
  Speaker 1: know really well, you will spot errors pretty pretty easily.
• 3:55
  Speaker 3: That is true interest. Right in ps LV I saw Now,
• 4:00
  Speaker 3: I don't know what it means, but it was like huge.
• 4:06
  Speaker 3: Now it says there's a decline. I don't know what happened.
• 4:09
  Speaker 3: I'm going to look up that email. But the point
• 4:12
  Speaker 3: is something's going on with PSLV and will a short
• 4:17
  Speaker 3: squeeze a result. I don't know.
• 4:20
  Speaker 1: Yeah, it sort of looks like it's playing out if
• 4:22
  Speaker 1: you look at the other signs and symptoms in the market.
• 4:24
  Speaker 1: And it's not just sober, by the way, it's also gold.
• 4:26
  Speaker 1: So there really seems to be a run on both medals,
• 4:28
  Speaker 1: you know, both physical metals, and like going back to
• 4:31
  Speaker 1: the question of you know, is are these markets manipulated
• 4:35
  Speaker 1: or you know, is there illegal activity going on? If
• 4:38
  Speaker 1: you just think about the fact that paper contracts exist,
• 4:42
  Speaker 1: futures contracts, and there's more futurest contracts than there are
• 4:45
  Speaker 1: physical we know that that's public information. It's not controversial
• 4:48
  Speaker 1: or conspiratorial. If there's more paper ounces than physical ounces,
• 4:53
  Speaker 1: the market trades as if the supply were a lot
• 4:56
  Speaker 1: bigger than it really is. And if you know basic economics,
• 4:59
  Speaker 1: whenever the apply goes up, that's going to effectively bring
• 5:02
  Speaker 1: the price down. So just by having extra paper ounces
• 5:06
  Speaker 1: of gold and silver, the price is going to come
• 5:08
  Speaker 1: down below what it otherwise would. So that might not
• 5:11
  Speaker 1: be illegal, that might not be conspiratorial, but just that
• 5:15
  Speaker 1: feature of the market alone causes the price to be
• 5:17
  Speaker 1: a lot lower. Now, are there other illegal activities that
• 5:21
  Speaker 1: go on from time to time? I'm sure there are.
• 5:23
  Speaker 1: You know, just a few years ago a couple of
• 5:25
  Speaker 1: traders at JP Morgan went to jail for manipulating the
• 5:27
  Speaker 1: gold market. But in terms of at any given time,
• 5:30
  Speaker 1: who's doing illegal things or not, I have no idea.
• 5:32
  Speaker 1: That doesn't really enter into my investment thesis. It's just
• 5:36
  Speaker 1: that it's just that any time that there's a run
• 5:39
  Speaker 1: on the physical metal, you're going to see the markets
• 5:41
  Speaker 1: unlined and shoot up the way that we're seeing right now,
• 5:44
  Speaker 1: And there doesn't have to be any malicious intent going
• 5:46
  Speaker 1: on that's just basic supply and demand.
• 5:48
  Speaker 3: Here there's an article in Seeking Alpha seven days ago.
• 5:51
  Speaker 3: Is PSLV being shorted to stop a silver squeeze? You know,
• 5:56
  Speaker 3: like I knew, I didn't make this stuff up here, Ellen,
• 6:00
  Speaker 3: you know, I mean it's really happening.
• 6:02
  Speaker 1: Here, Yeah, it is for sure. Well, I mean everyone
• 6:06
  Speaker 1: has their agenda, right. Some people want the price to
• 6:08
  Speaker 1: go up, others want the price to go down. We know,
• 6:10
  Speaker 1: the governments and central banks and all their counterparts, they
• 6:14
  Speaker 1: have an interest in metals prices being lower because then
• 6:19
  Speaker 1: people don't pay attention to them. They focus more on
• 6:21
  Speaker 1: the dollar and the whole Fiat system and playing that game.
• 6:25
  Speaker 1: Whereas when the price of these medals is high, people
• 6:27
  Speaker 1: pay attention to gold and silver and they start asking
• 6:30
  Speaker 1: questions and they say, you know, is the gold in
• 6:32
  Speaker 1: Fort Knox? And why do we even care about gold?
• 6:34
  Speaker 1: And you know, is the dollar backed by gold? And hmm?
• 6:37
  Speaker 1: Are these things really money? And that's that's not good
• 6:39
  Speaker 1: if you're trying to control people.
• 6:41
  Speaker 3: I'm glad you brought that up because I wrote an
• 6:43
  Speaker 3: article on what would happen if the gold wasn't in
• 6:46
  Speaker 3: Fort Knox? Like Elon Musk and Donald Trump you know,
• 6:50
  Speaker 3: they take air first one out there to Kentucky and
• 6:55
  Speaker 3: they go in the place these huge vaults where you
• 6:57
  Speaker 3: saw like a goldfinger all that, and then there's nothing there.
• 7:03
  Speaker 3: So my point being that they can't allow there to
• 7:06
  Speaker 3: be nothing there because I think it would collapse the
• 7:10
  Speaker 3: entire global financial system exactly.
• 7:13
  Speaker 1: You have all kinds of riots, civil war. I mean,
• 7:15
  Speaker 1: it would be you can't predict how people are going
• 7:18
  Speaker 1: to react. That's too volatile of a risk, so you
• 7:22
  Speaker 1: can't let it happen. So if you're going to do
• 7:24
  Speaker 1: an audit, you have to know ahead of time that
• 7:26
  Speaker 1: everything's there, everything checks all the boxes, and then you
• 7:29
  Speaker 1: can have a controlled response. So I agree. I haven't
• 7:32
  Speaker 1: read your article, but I agree with your thesis there.
• 7:36
  Speaker 1: We'll throw a link in the show notes to it.
• 7:38
  Speaker 3: But it would be a disaster. Maybe they could figure
• 7:42
  Speaker 3: something out, but the credibility of the government would be
• 7:46
  Speaker 3: hugely diminished. It would affect the dollar, and it would
• 7:50
  Speaker 3: certainly affect the treasuries out there. It would be a nightmare.
• 7:53
  Speaker 3: So I talked about this with Craig Hamke and we
• 7:58
  Speaker 3: both agreed, regardless of what's happening there, there will be
• 8:02
  Speaker 3: some semblance of gold there as far as the human
• 8:05
  Speaker 3: eye could see. In fact, they'll count it and they'll say,
• 8:08
  Speaker 3: you know what, we were off by ten percent. We
• 8:10
  Speaker 3: have nine thousand tons, not eight thousand. You know, something
• 8:15
  Speaker 3: like that will happen. I guarantee it.
• 8:17
  Speaker 1: Yeah, we have more than we thought. Oh where did
• 8:19
  Speaker 1: this come from? Oh well, I guess it's ours. I'm
• 8:23
  Speaker 1: error right, Yeah, it could happen. I doubt it, but
• 8:27
  Speaker 1: it could.
• 8:28
  Speaker 3: You know, Like last year alone, PSLV was up thirty
• 8:33
  Speaker 3: six and a half percent, you know, so it wasn't
• 8:36
  Speaker 3: a bad year for metals. But I think we're kind
• 8:40
  Speaker 3: of due to take a breather, barring any unforeseen disaster.
• 8:45
  Speaker 1: Yeahs around the corner, it could be. I mean there's
• 8:48
  Speaker 1: always ups and downs, and thankfully I've developed a strategy,
• 8:52
  Speaker 1: you know, for my own personal investing where the little
• 8:55
  Speaker 1: ups and downs don't matter. I mean, for most of
• 8:58
  Speaker 1: that is noise, in my opinion. Whenever I buy something,
• 9:00
  Speaker 1: I'm planning on holding it at least a decade, probably
• 9:03
  Speaker 1: multiple decades. So yeah, I just accumulate little by littles,
• 9:06
  Speaker 1: and if the price stays low, that just means I
• 9:09
  Speaker 1: can accumulate more. And if it goes up, well great,
• 9:11
  Speaker 1: it like, you know, temporarily feels good until the next pullback,
• 9:14
  Speaker 1: and then I say, okay, well nothing really changed in
• 9:16
  Speaker 1: my portfolio. I still have the same number of ounces
• 9:18
  Speaker 1: I had before. So yeah, just the nominal dollar value
• 9:23
  Speaker 1: has gone up. So I guess the deal is, do
• 9:28
  Speaker 1: you buy now, do you wait for the pullback?
• 9:30
  Speaker 3: What do you do?
• 9:31
  Speaker 2: Well?
• 9:31
  Speaker 1: I buy a little bit every month, no matter what.
• 9:34
  Speaker 1: So that that, to me, is the simplest way of
• 9:36
  Speaker 1: doing it for people who want to get a bit
• 9:38
  Speaker 1: more exotic. I mean, you run the risk of you know,
• 9:40
  Speaker 1: if there isn't a pullback, then you know you're going
• 9:43
  Speaker 1: to pay more for whatever you buy. So I tried
• 9:45
  Speaker 1: to do that in the past, and I realized I
• 9:47
  Speaker 1: wasn't very good at anticipating these day to day, week
• 9:50
  Speaker 1: to week movements. There's just it's just too hard for me.
• 9:53
  Speaker 1: Maybe other people can do it, but I just buy
• 9:56
  Speaker 1: a little bit every month and then I take my
• 9:58
  Speaker 1: own skill out of it.
• 9:59
  Speaker 3: Yeah. Yeah, well that's it. That's it. So what about
• 10:02
  Speaker 3: cryptos what you're feeling here?
• 10:05
  Speaker 1: Like?
• 10:06
  Speaker 3: Talk to one analyst who said that crypto is so
• 10:09
  Speaker 3: multi leveraged, you know, by different parties, and then they're
• 10:14
  Speaker 3: putting together ETFs because people can't afford to buy cryptos,
• 10:18
  Speaker 3: so they're buying ETFs, and it's just going to be
• 10:22
  Speaker 3: this cascading chain of failures if somehow the market loses faith, Yeah.
• 10:28
  Speaker 1: That definitely could happen. So when we talk about the
• 10:30
  Speaker 1: crypto market, the first thing I like to do is
• 10:32
  Speaker 1: clarify that bitcoin, in my opinion, is different than all
• 10:36
  Speaker 1: the other cryptos. So these are two separate things. So
• 10:39
  Speaker 1: I look at bitcoin like digital gold, and gold is
• 10:42
  Speaker 1: you know, different than the stock market. So I would
• 10:45
  Speaker 1: I would separate gold from all the stocks of the
• 10:47
  Speaker 1: world the same way i'd separate bitcoin from all the
• 10:50
  Speaker 1: other cryptocurrencies of the world. So all those cryptos are centralized,
• 10:53
  Speaker 1: just like stocks, right, they have a management team and
• 10:56
  Speaker 1: they're trying to create partnerships and create useful products and services,
• 10:59
  Speaker 1: and that works that that people can do things with,
• 11:02
  Speaker 1: whereas bitcoin is sort of like a dumb rock, sort
• 11:05
  Speaker 1: of like gold. It just sits there and it's easy
• 11:07
  Speaker 1: to dismiss it as being slow and heavy and worthless,
• 11:10
  Speaker 1: but in reality it's a store of value. So I
• 11:12
  Speaker 1: think it's the unsexy pick you just buy it and
• 11:17
  Speaker 1: it sits there and people say it has no use case.
• 11:19
  Speaker 1: But the use is it stores your value. So yeah,
• 11:23
  Speaker 1: it's it's not going to do anything on a minute
• 11:24
  Speaker 1: to minute basis. It's not going to travel around the
• 11:27
  Speaker 1: world doing smart contracts and you know, blowing all kinds
• 11:30
  Speaker 1: of bells and whistles. So all these all these other
• 11:33
  Speaker 1: cryptos on the other hands, you know, some of them
• 11:35
  Speaker 1: might have awesome use cases. They might do fantastic things,
• 11:38
  Speaker 1: but they might crash and burn and all the products
• 11:40
  Speaker 1: built around them, whether they be ETFs or I c
• 11:44
  Speaker 1: o s or NFTs or you name it. You could
• 11:47
  Speaker 1: make money. You could make a profit, a fiat profit,
• 11:50
  Speaker 1: you know, playing these games. But I would encourage people
• 11:52
  Speaker 1: to stay very far away from all of them. It's
• 11:55
  Speaker 1: it's worse than gambling. Like it's it's way worse than gambling.
• 11:59
  Speaker 1: You could get rich, but you're probably going to go broke. Yeah,
• 12:02
  Speaker 1: I couldn't agree with you more so. Yeah, like bitcoin,
• 12:08
  Speaker 1: at least, unlike gold, you don't have to bury it
• 12:11
  Speaker 1: in the ground, right, Yeah, exactly. You can put it
• 12:13
  Speaker 1: in a cold storage device. It looks like a USB drive,
• 12:17
  Speaker 1: you know, if it's in the palm of your hand,
• 12:18
  Speaker 1: and you could put that wherever you want, you know,
• 12:19
  Speaker 1: in your sock drawer or in a desk drawer, wherever
• 12:22
  Speaker 1: it doesn't does have to be in the ground. It's
• 12:25
  Speaker 1: very very easy to keep track of these things and
• 12:27
  Speaker 1: put it somewhere convenient, all right, All.
• 12:30
  Speaker 3: Right, So any more advice for those listening or insights
• 12:37
  Speaker 3: where you should be buying it, what kind of gold
• 12:39
  Speaker 3: you should be getting? What's your feelings now?
• 12:43
  Speaker 1: Yeah, Well, with any of these investments, whether it's gold, silver,
• 12:45
  Speaker 1: or bitcoin, I would strongly encourage people to take physical
• 12:48
  Speaker 1: delivery quote unquote. I know with bitcoin obviously it's digital,
• 12:51
  Speaker 1: so it doesn't really make sense to take physical delivery.
• 12:54
  Speaker 1: But the analogy in the bitcoin space is to hold
• 12:56
  Speaker 1: your own private keys. So wherever you get your gold
• 12:59
  Speaker 1: sol or your bitcoin, make sure you have it in
• 13:02
  Speaker 1: your possession. So if you can, if you can hold
• 13:05
  Speaker 1: it in your hand, if you can touch it, then
• 13:06
  Speaker 1: you've got it right and nobody else, nobody else owes
• 13:09
  Speaker 1: you something after you have it in your hands. And
• 13:12
  Speaker 1: so with bitcoin, take your private keys. With golden silver,
• 13:14
  Speaker 1: take physical delivery, keep it somewhere safe, and then after that,
• 13:18
  Speaker 1: once you have your your base position, established, then you
• 13:21
  Speaker 1: can start maybe maybe doing ETFs or other sort of
• 13:26
  Speaker 1: digital or paper promises.
• 13:29
  Speaker 3: All right, I like it, all right, So Goldsilver dot com.
• 13:33
  Speaker 3: How do else do we find you on the web? Here?
• 13:36
  Speaker 1: Oh, you can follow me on Twitter or ax at
• 13:38
  Speaker 1: Alan Hibbard. Otherwise, yeah, goldsilver dot com and the Goldsilver
• 13:42
  Speaker 1: YouTube channel.
• 13:43
  Speaker 3: Great, and the links in the show notes of this
• 13:45
  Speaker 3: interview on Financial Survival Network dot com. Just ask when
• 13:49
  Speaker 3: you go there, please sign up for our free newsletter.
• 13:52
  Speaker 3: Like plus seventy five thousand other FS members have Alan,
• 13:56
  Speaker 3: We will talk to you again soon.
• 13:58
  Speaker 1: Thanks for stopping by. Hey, thanks so much, thanks.
• 14:00
  Speaker 2: For listening to carry Letz's Financial Survival Network, your solution
• 14:05
  Speaker 2: to today's trying times. For the latest, go to Financial
• 14:09
  Speaker 2: Survivalnetwork dot com. Financial Survival Network now more than ever,