Latest / The Paul Barron Crypto Show / Global Panic Pumps Gold🚀Andy Schectman INTERVIEW

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Global Panic Pumps Gold🚀Andy Schectman INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: A global panic is now putting the metals market in play,
• 0:03
  Speaker 1: gold and silver all time highs. We're going to break
• 0:05
  Speaker 1: it down with an expert that you don't want to
• 0:07
  Speaker 1: miss today and it's going to be a hot one.
• 0:09
  Speaker 1: Let's just jump right into it. I do want to
• 0:11
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  Speaker 1: the best things out there. All right, before we get
• 0:48
  Speaker 1: started and bring in our guests, I want to go
• 0:50
  Speaker 1: to a quick vescent clip around don't panic.
• 0:54
  Speaker 2: Take a look again, I would say This is the
• 0:57
  Speaker 2: same kind of a hysteria that we heard on April.
• 1:01
  Speaker 2: There was a panic, and what I am urging everyone
• 1:04
  Speaker 2: here to do is sit back, take a deep breath,
• 1:08
  Speaker 2: and let things play out. As I said on April second,
• 1:12
  Speaker 2: the worst thing countries can do is escalate against the
• 1:16
  Speaker 2: United States.
• 1:18
  Speaker 1: All right, So we remember Liberation Day, the escalations that
• 1:22
  Speaker 1: came up, came down, the markets were in Mayhem, all
• 1:25
  Speaker 1: of those kind of crazy things. And of course that
• 1:28
  Speaker 1: I think also began a little bit of movement into
• 1:31
  Speaker 1: the metals market, which we have seen do nothing but
• 1:34
  Speaker 1: go up the chart. So joining me now is the
• 1:37
  Speaker 1: number one expert in the world when it comes to gold,
• 1:41
  Speaker 1: silver and metals, and that's Andy Scheckman. How are you Andy.
• 1:44
  Speaker 3: It's good to see if Paul thanks for having me back. Brother. Yeah.
• 1:48
  Speaker 1: Well, listen, Miles, Franklin is doing a lot of business
• 1:51
  Speaker 1: today because gold and silver both are cracking all time highs.
• 1:55
  Speaker 1: We are seeing an absolute unbelievable move on this when
• 1:59
  Speaker 1: you look at what's happening around the world. First of all,
• 2:03
  Speaker 1: I guess we'll just get the big question out of
• 2:05
  Speaker 1: the way. Can this sustain at the kind of acceleration
• 2:09
  Speaker 1: we're seeing.
• 2:11
  Speaker 4: You know, Paul, I think the real question is what
• 2:13
  Speaker 4: is the fair price of gold and silver, two assets
• 2:16
  Speaker 4: that have never been allowed to find price discovery. And
• 2:21
  Speaker 4: I would say the institution's closest to the metal are
• 2:24
  Speaker 4: prioritizing control of deliverable gold and silver rather than promises
• 2:29
  Speaker 4: of future availability. And you know, I think that there's
• 2:35
  Speaker 4: a realization that this game that has been played by
• 2:39
  Speaker 4: the West of holding down the paper price of gold
• 2:41
  Speaker 4: and silver bolt for distinctly separate reasons, is coming to
• 2:45
  Speaker 4: an end now because what you are seeing is insanely.
• 2:49
  Speaker 3: Large deliveries, whether.
• 2:51
  Speaker 4: It be off of the LBMA or into or off
• 2:56
  Speaker 4: of the COMEX. The December delivery month as an example,
• 3:01
  Speaker 4: for gold, we saw about sixty eight million ounces delivered,
• 3:05
  Speaker 4: the largest December ever for silver ever in the history
• 3:09
  Speaker 4: of the COMEX since nineteen seventy four, four or five
• 3:14
  Speaker 4: million ounces of gold as well. You know, you're talking
• 3:16
  Speaker 4: billions and billions and billions of dollars. But this is
• 3:19
  Speaker 4: happening every single month since a year ago November when
• 3:24
  Speaker 4: he won the election.
• 3:25
  Speaker 3: And you know, you look at what's.
• 3:28
  Speaker 4: Happened just in the few days since in the January deliveries,
• 3:32
  Speaker 4: which is not a primary delivery month, and we've already
• 3:36
  Speaker 4: seen north of forty million ounces of silver delivered. Again,
• 3:40
  Speaker 4: so in the last forty days you're already and there's
• 3:43
  Speaker 4: still another you know, ten days plus to go, we're
• 3:45
  Speaker 4: already at one hundred and ten hundred and fifteen million
• 3:48
  Speaker 4: ounces of silver delivered to COMEX and somewhere in the
• 3:52
  Speaker 4: neighborhood of five six million ounces of gold delivered.
• 3:56
  Speaker 3: And so the question really is who's doing it.
• 3:59
  Speaker 4: And at that level, I would argue these people don't
• 4:02
  Speaker 4: do it just for the hell of it. So yeah,
• 4:04
  Speaker 4: so I do think it can go, and I do
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  Speaker 4: think that none of us know where it stops, only
• 4:08
  Speaker 4: because it's never been allowed to find. They have never
• 4:11
  Speaker 4: been allowed to find real price discovery.
• 4:14
  Speaker 1: Well, we're looking at a ninety four dollars silver right
• 4:16
  Speaker 1: now as we kind of just look at the tracking
• 4:19
  Speaker 1: of silver in general. The movement of this chart absolutely insane.
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  Speaker 1: If you look at gold now hitting another all time
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  Speaker 1: high forty six seventy or forty seven sixty as we
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  Speaker 1: are recording this right now, and a big day right
• 4:32
  Speaker 1: now on gold up almost four percent. So this indicates
• 4:37
  Speaker 1: some pressure in the market. Many people would look to
• 4:40
  Speaker 1: some of the actions that President Trump is in the
• 4:43
  Speaker 1: middle of. I have a tweet here that kind of
• 4:45
  Speaker 1: shows this, and that was this little visual right here
• 4:49
  Speaker 1: that was put out by the White House, of course,
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  Speaker 1: and it shows the United States, Canada, Greenland, Venezuela all
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  Speaker 1: under one flag. Point being is this gets into a
• 4:59
  Speaker 1: very very dicey narrative for the United States, is that
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  Speaker 1: do you think metals have been the beneficiary of this?
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  Speaker 1: You know, just not good position in terms of market
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  Speaker 1: positioning right now?
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  Speaker 3: What do you think absolutely?
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  Speaker 4: I mean, I think you go back to the weaponizing
• 5:22
  Speaker 4: of the treasury market and against Russia, right, wrong or
• 5:27
  Speaker 4: indifferent part of the world says, look, you guys went
• 5:30
  Speaker 4: to a rock twenty two years ago looking for weapons
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  Speaker 4: and mass destruction.
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  Speaker 3: You didn't find them.
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  Speaker 4: You destroyed their country, toppled the regime, and you're still
• 5:36
  Speaker 4: there today, and yet you can tell us how to
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  Speaker 4: do things. You're fiscally irresponsible. You're nearly two hundred trillion
• 5:44
  Speaker 4: in debt. We talked about thirty eight, but don't forget Medicare, Medicaid,
• 5:48
  Speaker 4: social security, government, military pensions. You're wasting a trillion dollars
• 5:52
  Speaker 4: or occurring a trillion in debt every hundred days, and
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  Speaker 4: you want to tell us how to do things.
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  Speaker 3: And so this vision of the moral.
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  Speaker 4: Ground that we, you know, we establish after World War Two,
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  Speaker 4: you could argue they view us as having trampled upon it.
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  Speaker 3: And so when you see these moves that are.
• 6:12
  Speaker 4: I guess creating animosity either on the surface or below. Yeah,
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  Speaker 4: you're looking at a situation right now where I guess
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  Speaker 4: you could say that the West is still pricing gold
• 6:25
  Speaker 4: and silver in terms of paper pricing. Yeah, yeah, and
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  Speaker 4: the rest of the world is pricing it in terms
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  Speaker 4: of physical pricing. So yeah, I think they are a
• 6:33
  Speaker 4: primary benefactor of this type of rhetoric.
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  Speaker 1: Well, with that kind of statement, you have to kind
• 6:39
  Speaker 1: of consider what's going on here in the US. If
• 6:42
  Speaker 1: you look at this from a job's growth standpoint, we've
• 6:46
  Speaker 1: started to see not great job growth. Of course, granted,
• 6:50
  Speaker 1: we saw inflation kind of holding and even if you
• 6:53
  Speaker 1: look at trueflation data right now, it seems to be
• 6:56
  Speaker 1: slipping slightly. Then you add in the fact that we
• 6:59
  Speaker 1: have the Supreme Court not issuing a ruling on Trump's tariffs,
• 7:03
  Speaker 1: which means does this actually put this on a rising
• 7:07
  Speaker 1: possibility of the tariffs holding. If the tariffs hold, this
• 7:12
  Speaker 1: is going to continue to put market disarray in play,
• 7:16
  Speaker 1: meaning risk assets probably will continue to bleed against metals.
• 7:20
  Speaker 1: Metals probably will continue to go up.
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  Speaker 3: You know.
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  Speaker 1: Of course, to the point I'm getting at is where
• 7:26
  Speaker 1: does this stop right now before we start to see
• 7:29
  Speaker 1: market stabilization or do you think we even see market
• 7:32
  Speaker 1: stabilization anytime soon?
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  Speaker 4: Well, again, I would just say, what where is real
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  Speaker 4: price discovery? I mean, you look at to me, when
• 7:44
  Speaker 4: you take a look at who's been buying the gold
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  Speaker 4: for the past several years, it's been the most well
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  Speaker 4: informed traders in the world.
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  Speaker 3: The central banks.
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  Speaker 4: Forget about how much money they have, they have more
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  Speaker 4: than anyone, but they know the playbook.
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  Speaker 3: What is unusual is to see.
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  Speaker 4: The same thing happening here in the United States with
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  Speaker 4: the most sophisticated traders on the planet on Wall Street
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  Speaker 4: that are bringing in billions upon billions upon billions upon
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  Speaker 4: billions every single month. I think you could argue, I
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  Speaker 4: could argue that this is actually a plan, that they
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  Speaker 4: are trying to do this, and I know that sounds crazy,
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  Speaker 4: but it has been my feeling for a very long
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  Speaker 4: time that there's a the or an economic theory called
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  Speaker 4: Triffin's dilemma. Vice President Vance has talked about it. The
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  Speaker 4: previous economic advisor, the real knucklehead that he was, Jared Bernstein,
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  Speaker 4: did write a report called the throne King Dollar. Both
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  Speaker 4: both Vance and Bernstein advocate for losing the reserve status.
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  Speaker 4: That is a privilege we can no longer afford. And
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  Speaker 4: you know, you got the Fund Van Neck, the Fund
• 8:48
  Speaker 4: Group Van Neck, who just came out talking about if
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  Speaker 4: the dollar really does lose reserve status, which I think
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  Speaker 4: it will, honest to god, I believe they want to
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  Speaker 4: soft default on the reserve status to peg the back
• 9:00
  Speaker 4: back end of the bond market with gold using the
• 9:02
  Speaker 4: Genius Act, all of this together. If I were to
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  Speaker 4: go through the whole thing with you, it take five minutes.
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  Speaker 4: But what they're trying to do, I believe, is to
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  Speaker 4: massively debase the dollar, to shed the reserve status.
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  Speaker 3: To bring back manufacturing.
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  Speaker 4: And the only way you do it is link the
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  Speaker 4: back end of the bond market to gold.
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  Speaker 3: Now Van Neck came out and just said that if.
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  Speaker 4: They do, indeed, the base case would be thirty nine thousand,
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  Speaker 4: and they're just using M zero money, which is the
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  Speaker 4: you know, this is the foundation of everything else, that
• 9:32
  Speaker 4: is the money supply, and if.
• 9:33
  Speaker 3: It goes up to global M two.
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  Speaker 4: They're talking about the price of gold going up to
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  Speaker 4: one hundred and eighty four thousand. Now this isn't someone
• 9:41
  Speaker 4: in this industry. This is van X saying it and
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  Speaker 4: their bond team saying it. So how high can it go?
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  Speaker 4: I guess we will see.
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  Speaker 3: What I have.
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  Speaker 4: Learned, Paul, in this industry is that bull markets go
• 9:53
  Speaker 4: higher than anyone ever thinks possible. These things have always
• 9:57
  Speaker 4: been in play because no one stood for delivery. Less
• 9:59
  Speaker 4: than one percent a contract stood for delivery. Now you
• 10:02
  Speaker 4: have a whole global South that is sophisticated, motivated, wealthy,
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  Speaker 4: and coordinated and they have been standing for delivery for
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  Speaker 4: a very long time. And it is my belief. Someone
• 10:12
  Speaker 4: got to Trump as he was coming in and said,
• 10:15
  Speaker 4: if we don't join this party, it's game over. And
• 10:19
  Speaker 4: the amount of metal that's come in is four feet
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  Speaker 4: of snow and Death Valley in July. It's that big
• 10:23
  Speaker 4: of an anomaly, Paul, It really is. And no one
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  Speaker 4: in the mainstream is talking about I'm screaming about it,
• 10:29
  Speaker 4: that this is just out.
• 10:31
  Speaker 3: Of control, unusual.
• 10:33
  Speaker 4: And then of course we just by chance happened to
• 10:36
  Speaker 4: make silver a critical mineral, and all of these things
• 10:39
  Speaker 4: are starting to fall into place. And report by the
• 10:42
  Speaker 4: Economic Times came out two weeks ago and said, by
• 10:45
  Speaker 4: the way, those eight banks that have been short all
• 10:47
  Speaker 4: these years, well, the five US banks have just flip
• 10:49
  Speaker 4: flopped and gone long. This is about sovereign nations securing
• 10:54
  Speaker 4: gold and silver for the future, for perhaps a new system.
• 10:58
  Speaker 4: Whatever is being put in place, very different, honest to god,
• 11:01
  Speaker 4: very different than anything I've ever seen in thirty five years.
• 11:05
  Speaker 1: Andy, what, okay, So we have tokenized gold right now,
• 11:09
  Speaker 1: whether you look at PAXO, sex a UT, both of
• 11:12
  Speaker 1: course have been performing very well in terms of adoption.
• 11:15
  Speaker 1: We've continued to see more wallets holding these.
• 11:17
  Speaker 3: What about silver?
• 11:18
  Speaker 1: Do you think we're going to get a tokenied silver
• 11:20
  Speaker 1: product in the market anytime soon?
• 11:24
  Speaker 4: I don't see why not. The only hindrance to the tokenized.
• 11:27
  Speaker 3: Silver could actually be supply.
• 11:32
  Speaker 4: And you know, you take a look at something like
• 11:34
  Speaker 4: SLV or gold which allows naked shorting and these kinds
• 11:39
  Speaker 4: of things, it distorts what the real amount of silver is.
• 11:42
  Speaker 4: You know, if they figure out a way to allow
• 11:45
  Speaker 4: redemption in usable forms instead of thousand ounce bars or
• 11:51
  Speaker 4: something like that in small usable form. Yeah, I think
• 11:55
  Speaker 4: it's it's a game changer toy figure out how to
• 11:57
  Speaker 4: do it right.
• 11:57
  Speaker 3: But you look at a.
• 11:58
  Speaker 4: Company like Tether, you know, all you hear is there
• 12:02
  Speaker 4: they've bought fourteen billion in gold, which supports my theory.
• 12:05
  Speaker 4: By the way, especially with the new stable coin Genius Act.
• 12:09
  Speaker 4: Where is all that money going that is backing the
• 12:15
  Speaker 4: treasury yield? Where's it going? My feeling is it's going
• 12:18
  Speaker 4: into things like gold to continue to be value the dollar,
• 12:21
  Speaker 4: to push up the price of goal, to back the
• 12:23
  Speaker 4: back end of the bond market. But that's again we
• 12:26
  Speaker 4: can talk about that some other time. But what I'm
• 12:28
  Speaker 4: saying is you never hear anything about them accumulating silver,
• 12:31
  Speaker 4: at least I haven't, and so I think it would
• 12:33
  Speaker 4: be great.
• 12:34
  Speaker 3: There's a void for it for sure.
• 12:36
  Speaker 1: Yeah, if hopefully Paolo, if you're listening, this is this
• 12:39
  Speaker 1: is a big need right now. If that again, granted,
• 12:41
  Speaker 1: if you can get physical custody of it. Hey, listen,
• 12:44
  Speaker 1: I've got.
• 12:44
  Speaker 3: A clip here. Actually I want to just show the tweet.
• 12:47
  Speaker 1: This was Black Rocks CEO Larry Fake. He says that
• 12:50
  Speaker 1: global elites have lost the public's trust. I'm of the
• 12:56
  Speaker 1: mind did they ever have it? But do you think
• 13:00
  Speaker 1: that maybe they are realizing it for the first time?
• 13:03
  Speaker 1: Here is that Oh my gosh, we actually have one
• 13:07
  Speaker 1: point six billion millennials gen Z and gen A's alphas
• 13:14
  Speaker 1: that are essentially now getting ready to enter the market
• 13:17
  Speaker 1: for finance and we no longer control it. What do
• 13:20
  Speaker 1: you think about that?
• 13:21
  Speaker 4: Yeah, I mean, how do you think Mondomi got elected?
• 13:23
  Speaker 4: I think it was the turnout of the gen Z
• 13:26
  Speaker 4: who are very disenfranchised. You look at twenty years ago,
• 13:30
  Speaker 4: the average price or the average age of the first
• 13:33
  Speaker 4: time home buyer was like twenty eight. Now it's forty
• 13:35
  Speaker 4: two or so, and the people, young kids can't afford anything.
• 13:39
  Speaker 4: And you got this k shape economy, the Cantalon effect,
• 13:43
  Speaker 4: where the poor getting poorer and the richer are getting
• 13:46
  Speaker 4: richer because their assets had won up, you know, extremely
• 13:50
  Speaker 4: high over the last several years. I don't know what
• 13:52
  Speaker 4: I saw the number, but the top one percent has
• 13:55
  Speaker 4: increased their wealth by like eleven trillion dollars while the
• 13:57
  Speaker 4: bottom fifty percent is struggling just to put food on
• 14:00
  Speaker 4: the table. And that's because, like you were talking, about earlier.
• 14:04
  Speaker 4: The inflation numbers that we are supposed to believe out
• 14:07
  Speaker 4: of the BS, I mean the BLS when they call
• 14:10
  Speaker 4: us the you know, the cp LI, I mean the CPI.
• 14:14
  Speaker 4: They say it's three percent. No it's not three percent.
• 14:16
  Speaker 4: It's much higher in that. If you use the like
• 14:19
  Speaker 4: you said, true inflation, you're much higher than that. But
• 14:22
  Speaker 4: you know, even still here, they're going to pivot right
• 14:26
  Speaker 4: now fifty percent away from their target and inject more
• 14:29
  Speaker 4: inflation into the system, making it more difficult for the
• 14:32
  Speaker 4: gen z to stay afloat, making it easier for the
• 14:36
  Speaker 4: people who have assets to become wealthier. It's a it's
• 14:39
  Speaker 4: a very tough, very tough predicament we're in. But yes,
• 14:44
  Speaker 4: I do believe that on every level, whether it be
• 14:47
  Speaker 4: politically or even things like our judicial system, our institutions
• 14:53
  Speaker 4: like Wall Street, the comas, all of these places that
• 14:58
  Speaker 4: were fraud.
• 14:58
  Speaker 3: I mean, even look at the Federal Reserve.
• 15:01
  Speaker 4: All the people that have under fet Chairman Powell's watch,
• 15:04
  Speaker 4: have been accused of and or kicked out of the
• 15:07
  Speaker 4: Fed because of fraud. And you look at what's happening,
• 15:10
  Speaker 4: and I even hate to say it, my old home
• 15:13
  Speaker 4: state of Minnesota fraud all.
• 15:16
  Speaker 3: Over the place.
• 15:16
  Speaker 4: You bring in DOGE, they find two trillion dollars that
• 15:20
  Speaker 4: can be cut and they come up with only about
• 15:22
  Speaker 4: two hundred billion, about thirty plus hours of spending by
• 15:25
  Speaker 4: the US government fraudulent. All of this stuff, I think
• 15:29
  Speaker 4: is making much of the world look at like you're
• 15:34
  Speaker 4: saying the establishment and all of our institutions as needing
• 15:39
  Speaker 4: a change. And that's where I think you get this
• 15:42
  Speaker 4: gen Z turnout in New York to elect you know,
• 15:47
  Speaker 4: a guy that is almost socialists. So, you know, I
• 15:50
  Speaker 4: don't know crazy times for sure, but yes, I think
• 15:53
  Speaker 4: we're at that point, the fourth turning, if you will.
• 15:56
  Speaker 3: Yeah.
• 15:56
  Speaker 1: And it also aligns with what's going on with the
• 15:58
  Speaker 1: Clarity Act right now. The fact that we had the
• 16:01
  Speaker 1: banks pushing so hard to you know, rip the yield
• 16:03
  Speaker 1: concept out, destroy DeFi try to break down privacy. All
• 16:07
  Speaker 1: of that has been pushed onto Americans. I think this
• 16:11
  Speaker 1: may be a backfire on the status quo looking a
• 16:15
  Speaker 1: little bit too far into the cookie jar. And we
• 16:18
  Speaker 1: finally have the numbers in terms of demographics, because we
• 16:22
  Speaker 1: don't have the numbers from a financial standpoint, But if
• 16:25
  Speaker 1: you start to compile that at three x that especially
• 16:29
  Speaker 1: to your point of the wealthy getting even more wealthy.
• 16:32
  Speaker 1: Maybe we're at a point of a pivotal issue right now.
• 16:36
  Speaker 1: Here was Peter Schiff saying that you should sell the
• 16:39
  Speaker 1: bitcoin by silver. He thinks it's going to collapse. That's,
• 16:44
  Speaker 1: you know, his story all the way around. Do you
• 16:45
  Speaker 1: think diversity is the route or do you think no?
• 16:48
  Speaker 1: Right now, metals is the only way.
• 16:51
  Speaker 4: I think that we see the world very similarly. We
• 16:54
  Speaker 4: walk in the door largely because of the same reason.
• 16:59
  Speaker 4: Maybe the crypto crowd goes this way to make a
• 17:01
  Speaker 4: profit and the gold crowd this way to preserve it.
• 17:03
  Speaker 4: But it's like a Reese's peanut butter cup, they're better together.
• 17:06
  Speaker 4: And I do think that taking profits off the table
• 17:10
  Speaker 4: that you've made in the run of in crypto and
• 17:13
  Speaker 4: putting it into gold and silver, taking some of that
• 17:17
  Speaker 4: risk off the table is a good idea. And instead
• 17:21
  Speaker 4: of being divisive with one another, I think having united
• 17:25
  Speaker 4: front not only increases your understanding monetarily of what's going on,
• 17:32
  Speaker 4: but I think it makes your entire portfolio and your.
• 17:35
  Speaker 3: Peace of mind a lot better as well.
• 17:40
  Speaker 4: I think Peter's a brilliant man, and I think i'd
• 17:43
  Speaker 4: follow a lot of what he does. I think creating
• 17:46
  Speaker 4: a rift between the two communities is a mistake, and
• 17:48
  Speaker 4: I think instead they'll just tune out the reasons that
• 17:51
  Speaker 4: he's talking about. I think finding some form of common
• 17:54
  Speaker 4: middle ground and uniting in understanding of what's wrong in
• 18:00
  Speaker 4: the system and finding different pathways of getting there, but
• 18:05
  Speaker 4: respecting one another. And the look, if you never listen
• 18:09
  Speaker 4: to other people's opinions, you never grow, and you learn
• 18:12
  Speaker 4: more and more about less and less till you know
• 18:13
  Speaker 4: everything about nothing. So while I am not someone who
• 18:17
  Speaker 4: understands crypto the way you do, I come on this
• 18:19
  Speaker 4: show as much for me to learn and be open
• 18:22
  Speaker 4: minded as it is to help your viewers understand my
• 18:25
  Speaker 4: world a little bit. And that to me is strength
• 18:29
  Speaker 4: and understanding, strength and portfolio, strength and argument and understanding
• 18:34
  Speaker 4: that there are two more than.
• 18:36
  Speaker 3: Just one way to skin a cat.
• 18:38
  Speaker 4: So yeah, I think he's intellectually he's at the top
• 18:42
  Speaker 4: of the food chain. But I think it's a mistake
• 18:44
  Speaker 4: to alienate all these people.
• 18:46
  Speaker 1: Well, I would agree with you on that because I've
• 18:48
  Speaker 1: known Peter. We've had him on the show for years
• 18:50
  Speaker 1: and years, but really, until we started having you on
• 18:53
  Speaker 1: the show. Did I actually say, wait a minute, metals
• 18:56
  Speaker 1: are a thing. We need to diversify our assets. And
• 18:59
  Speaker 1: we did that, you know, because it was that kind
• 19:02
  Speaker 1: of point that you just made, which is, you know,
• 19:04
  Speaker 1: a much more even keel of Hey, both both assets,
• 19:08
  Speaker 1: whether you believe in stocks, bonds, you look at high
• 19:11
  Speaker 1: equity yields, you look at what's going on in the
• 19:13
  Speaker 1: metals market, and then obviously in the crypto market, we
• 19:15
  Speaker 1: look at all of them.
• 19:17
  Speaker 3: So I've had it.
• 19:18
  Speaker 1: So thank you for bringing us into the metals game,
• 19:20
  Speaker 1: because it's.
• 19:21
  Speaker 3: Yeah, man, I appreciate that. That's awesome. It paid off.
• 19:24
  Speaker 1: Hey, I've got a clip here. I want to get
• 19:26
  Speaker 1: your opinion on real quick. This is Chamath Polyopotia coming
• 19:29
  Speaker 1: in from the All End podcast. Listen to what he
• 19:30
  Speaker 1: had to say.
• 19:32
  Speaker 5: I will pick copper.
• 19:34
  Speaker 3: Okay, copper.
• 19:36
  Speaker 5: We are still completely underestimating how short we are in
• 19:43
  Speaker 5: terms of the global demand supplied dynamics of a handful
• 19:47
  Speaker 5: of critical elements that we need. Again, in the Trump
• 19:50
  Speaker 5: doctrine view of the world, that is no longer as
• 19:54
  Speaker 5: multilateral as it was, and we need to have unilateral
• 19:57
  Speaker 5: national security. And if you look through that lens, the
• 20:02
  Speaker 5: asset that is set up to go absolutely parabolic is copper.
• 20:08
  Speaker 5: And the reason is that it is, at least as
• 20:11
  Speaker 5: it stands today, the most useful, cheap, amenable conductive material
• 20:17
  Speaker 5: that we have. That material manifests in everything from our
• 20:22
  Speaker 5: data centers to our chips to our weapons systems. It's
• 20:27
  Speaker 5: just everywhere, everywhere, everywhere, And right now, Jason, we are
• 20:31
  Speaker 5: on a path by twenty forty where we will be
• 20:34
  Speaker 5: short about seventy percent of the global supply at current
• 20:39
  Speaker 5: course and speed, and so I will pick copper.
• 20:44
  Speaker 3: All right. There you have it.
• 20:45
  Speaker 1: One of the world's best investors out there. I mean,
• 20:47
  Speaker 1: you know, if you look at the places he's done
• 20:49
  Speaker 1: so far, he's been wrong sometimes. Tom Lee has gone
• 20:52
  Speaker 1: on record talking about copper being an unsung hero. You
• 20:56
  Speaker 1: look at the world's largest online bullion exchange completely sold
• 20:59
  Speaker 1: out out of copper. Let that sink in, and you
• 21:03
  Speaker 1: look at just what it can be used for, which
• 21:05
  Speaker 1: is what you Moth was getting at right there?
• 21:07
  Speaker 4: What do you say, Andy, I think he's right, and
• 21:10
  Speaker 4: I think, yeah, I think he's right. And I think
• 21:12
  Speaker 4: that silver and copper are nearly identical in many respects
• 21:18
  Speaker 4: in their certainly their conductivity purposes. Silver's a little bit
• 21:24
  Speaker 4: better than copper. Copper's less money, but copper has more uses.
• 21:27
  Speaker 4: They both have plurality in uses. Now, I don't stock
• 21:31
  Speaker 4: as a precious mentals company copper coins because they've always
• 21:35
  Speaker 4: been in my mind too bulky for you know, I
• 21:38
  Speaker 4: would prefer to buy something like Freeport Macmaran stock, which
• 21:41
  Speaker 4: I own. I think he's right, and you know, there
• 21:45
  Speaker 4: is no coincidence that both of them have been added
• 21:48
  Speaker 4: to the critical Minerals list, and Trump said within the
• 21:52
  Speaker 4: next one hundred and eighty days, by law, they will
• 21:54
  Speaker 4: find a government sponsored price floor underneath them. And that's
• 22:01
  Speaker 4: I think, to incentivize mining here in the United States,
• 22:05
  Speaker 4: because if you look at the low lying fruit that
• 22:08
  Speaker 4: has been picked already, by the way, much of the
• 22:11
  Speaker 4: silver that we find is a byproduct of mining for copper.
• 22:15
  Speaker 4: In fact, only about eighteen percent of the silver that
• 22:18
  Speaker 4: was brought to market last year came from primary silver mining.
• 22:21
  Speaker 3: The rest was copper's inc and maybe lead. I forgot
• 22:25
  Speaker 3: I think it's lead.
• 22:26
  Speaker 4: But anyways, as they continue to mine, the all in
• 22:30
  Speaker 4: sustaining cost like of silver, has gone way up, and
• 22:33
  Speaker 4: so you have to put a floor underneath it to
• 22:35
  Speaker 4: incentivize mining and here in the States. So yeah, I
• 22:39
  Speaker 4: think copper is a good one when known at physically.
• 22:42
  Speaker 4: I would own it in the form of a stock
• 22:44
  Speaker 4: because I think not enough people understand it, even the diehards,
• 22:48
  Speaker 4: Even someone like me, I would look at it and say, well, Okay,
• 22:51
  Speaker 4: what am I going to do with the copper? Silver
• 22:54
  Speaker 4: is different. It's been money for five thousand years. But
• 22:56
  Speaker 4: what he is saying is spot on, in my opinion.
• 23:00
  Speaker 1: Is a lot happening right now. Guys, we are going
• 23:02
  Speaker 1: to continue to follow this very closely. Andy, thanks so
• 23:06
  Speaker 1: much for coming in on the show today. We appreciate it.
• 23:08
  Speaker 4: Oh, it's a pleasure. You're a class act, Paul. Thanks
• 23:10
  Speaker 4: for having me, buddy, and hope to do it again.
• 23:19
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• 23:21
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• 23:25
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