Latest / The Crest Report / Buffett Won't Buy Stocks. Pelosi Beats Hedge Funds. And Silver Was $7 Twenty Years Ago

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Buffett Won't Buy Stocks. Pelosi Beats Hedge Funds. And Silver Was $7 Twenty Years Ago · The Crest Report

• 0:07
  SPEAKER_00: From Golden Crest Metals, this is the Crest Report, where markets meet reality.
• 0:13
  SPEAKER_00: Your weekly briefing on the economy, gold, silver, and protecting what you've built.
• 0:18
  SPEAKER_00: And now, here's your host, Jeremy Harrell.
• 0:22
  SPEAKER_01: Well, good afternoon, everybody, and thank you for joining me here on the Crest Report.
• 0:27
  SPEAKER_01: Happy Saturday! We hope that you are having a wonderful morning and afternoon, and depending on where you are in the world listening right now, I guess it could be evening or even tomorrow.
• 0:37
  SPEAKER_01: But here it is Saturday, and it is time for the Crest Report.
• 0:41
  SPEAKER_01: My name is Jeremy Harrell, and today we're gonna be breaking down the precious metal market prices, where they are, where they were, where they're going, why they're where they are, and more.
• 0:53
  SPEAKER_01: Obviously, we're gonna talk about things that you know pertain to the discussions of the prices going up and down in the fluctuation, and that is oil prices, gas prices, energy prices, uh trading, and of course, you know, countries either selling off or um hoarding their precious metals.
• 1:14
  SPEAKER_01: So, welcome.
• 1:16
  SPEAKER_01: We appreciate you being here, and let's just go ahead and get started.
• 1:20
  SPEAKER_01: Today, we have a number of topics to get through, but we want to tell you that at any time, at any time today, watching or listening, we want to make sure that you have access to somebody here at Golden Crest Medals.
• 1:34
  SPEAKER_01: So, 888-991-6222.
• 1:39
  SPEAKER_01: That is 888-991-6222.
• 1:44
  SPEAKER_01: Or you can text the word report, like your report card, to M-E-T-A-L-S, spelling out medals.
• 1:52
  SPEAKER_01: That's again text report to M-E-T-A-L-S or 63-8257.
• 2:01
  SPEAKER_01: You can always visit GoldencrestMetals.com as well.
• 2:05
  SPEAKER_01: And right now, there's a special offer here at Golden Crest Medals, a free portfolio review, a free investor kit, up to$25,000 in free silver with qualified purchases.
• 2:22
  SPEAKER_01: We're here for you.
• 2:24
  SPEAKER_01: So for the next 45 minutes or so, we hope that you're here for us.
• 2:29
  SPEAKER_01: Let's get right into it.
• 2:31
  SPEAKER_01: Topic number one today that we're going to cover is Warren Buffett leaving his company.
• 2:37
  SPEAKER_01: $397 billion in cash and wouldn't buy stocks.
• 2:43
  SPEAKER_01: Ask yourself why.
• 2:44
  SPEAKER_01: That's going to be our first segment that we get to today here on the Crest Report.
• 2:48
  SPEAKER_01: We're also going to move into the war keeps grinding, the Strait of Hormuz.
• 2:53
  SPEAKER_01: Obviously, still restricted.
• 2:57
  SPEAKER_01: And uh, well, gas is still hovering right around$4 a gallon.
• 3:03
  SPEAKER_01: The economy versus the government reports.
• 3:05
  SPEAKER_01: Uh, we're going to talk about that and the economy that you're living in.
• 3:08
  SPEAKER_01: And we're going to also get into every week, as we do, what gold is doing right now, why it's doing what it's doing, how silver is responding to the markets and uh to the global political crisis that we find ourselves in.
• 3:24
  SPEAKER_01: And of course, we will end today with our last segment.
• 3:26
  SPEAKER_01: Again, one more time, talking about how the government is tracking your cash.
• 3:31
  SPEAKER_01: So, strap in, ladies and gentlemen.
• 3:33
  SPEAKER_01: Here we go.
• 3:35
  SPEAKER_01: Segment number one, Warren Buffett left his company.
• 3:40
  SPEAKER_01: $397 billion in cash and would not buy stocks.
• 3:44
  SPEAKER_01: Ask yourself why.
• 3:47
  SPEAKER_01: The number, Burt Sure Hathaway is sitting on$397 billion in cash.
• 3:58
  SPEAKER_01: Now that's a record, folks.
• 4:01
  SPEAKER_01: More than almost any company in history.
• 4:03
  SPEAKER_01: Enough to buy almost any single company in the SP 500 outright, right now.
• 4:11
  SPEAKER_01: What uh Warren Buffett did before he retired was spent years quietly selling stocks, trimmed Apple from a 915 million shares to 228 million shares, sold Bank of America, sold others, and let the cash pile grow from 129 billion just three years ago to$397 billion today.
• 4:42
  SPEAKER_01: He didn't buy, he sold, and he held that cash.
• 4:49
  SPEAKER_01: So what does that mean?
• 4:51
  SPEAKER_01: Warren Buffett has always said, quote, I would rather hold cash than overpay.
• 4:59
  SPEAKER_01: He's been doing this his entire career.
• 5:02
  SPEAKER_01: When he stops buying stocks, it is because he thinks that stocks are too expensive.
• 5:07
  SPEAKER_01: Right now, with the SP near all-time highs, he stopped buying.
• 5:12
  SPEAKER_01: Now, what does this mean for the prediction market and that angle?
• 5:16
  SPEAKER_01: Well, let's talk about polymarket.
• 5:18
  SPEAKER_01: Polymarket, where real money is to bet on the outcomes of things, gives the SP 500 only a 30.5% chance of being the best performing asset in 2026.
• 5:33
  SPEAKER_01: Bitcoin and gold are both rated higher.
• 5:38
  SPEAKER_01: Let me say that again.
• 5:39
  SPEAKER_01: Bitcoin and gold are both rated higher than the chances that Polymarket gives the SP 500 of being the best performing asset in 2026, and it's August.
• 5:55
  SPEAKER_01: Think about that.
• 5:56
  SPEAKER_01: Both gold and Bitcoin are higher rated and uh have a higher probability to outperform stocks.
• 6:06
  SPEAKER_01: The crowd with skin in the game is not betting on the stock market.
• 6:12
  SPEAKER_01: That is where these predictive markets really, really stand out today.
• 6:17
  SPEAKER_01: It's not like the old days.
• 6:20
  SPEAKER_01: It's not like, you know, um a group of people in this country hoarding information and then trading on or betting on or whatever, whatever uh term you want to use.
• 6:33
  SPEAKER_01: Now the whole world has access to information.
• 6:36
  SPEAKER_01: The whole world has access to knowledge at the tip of their fingers, the whole world has an opportunity to put their skin in the game.
• 6:46
  SPEAKER_01: And now with all of these online internet day traders, who, by the way, some have made millions and millions of dollars.
• 6:55
  SPEAKER_01: I personally know people who do this for a living.
• 6:59
  SPEAKER_01: They day trade.
• 7:00
  SPEAKER_01: And I'm not even in the financial market.
• 7:03
  SPEAKER_01: Am I an investor in silver and gold?
• 7:06
  SPEAKER_01: Yes.
• 7:06
  SPEAKER_01: Am I invest an investor in palladium and platinum?
• 7:10
  SPEAKER_01: Yes.
• 7:10
  SPEAKER_01: But that's about as far as my financial expertise goes, and I wouldn't even call it that.
• 7:17
  SPEAKER_01: I am an investor in stuff that I know has a for sure and solid uh probability of making more money in the long run than what I paid for it by far.
• 7:30
  SPEAKER_01: And I think if you look over the last 20, 30, 40 years, even, precious metals have done that.
• 7:35
  SPEAKER_01: So that's why I'm an investor in those.
• 7:37
  SPEAKER_01: But once you start getting up to stock markets and things like that, I mean, you know, the fact that every single person on this planet and in this country has the opportunity, the option, and the access to this kind of information, it changes the game.
• 7:53
  SPEAKER_01: So when you have people with real skin in the game, like PolyMarket, like your, you know, these uh like Cal she and others, well, it changes everything.
• 8:03
  SPEAKER_01: Buffett passed the reins to Greg Abel.
• 8:07
  SPEAKER_01: Greg Abel is the new CEO.
• 8:10
  SPEAKER_01: Abel now controls the 900 or the$397 billion war chest that we talked about, raised, you know, almost triple in three years.
• 8:21
  SPEAKER_01: If markets correct, and Berkshire has always acted fast when prices are right, Abel walks in with the largest pile of dry powder in corporate history.
• 8:35
  SPEAKER_01: He's waiting for a sale.
• 8:39
  SPEAKER_01: So the question here to all of us and to every listener that listens to the Quest Report the most respected investor in American history spent years selling stocks and piling up cash.
• 8:54
  SPEAKER_01: Not because that he's a you know a pessimist about America, because he thinks stocks are overpriced right now.
• 9:02
  SPEAKER_01: If Buffett is not buying at these levels, then what are you doing fully invested in a 401k at these levels?
• 9:10
  SPEAKER_01: Because that's where your 401k lives, breathes, grows, dies.
• 9:15
  SPEAKER_01: Berkshire holds cash and treasuries as its defensive position.
• 9:21
  SPEAKER_01: The problem here is that cash loses to inflation every year.
• 9:26
  SPEAKER_01: Look at our debt.
• 9:28
  SPEAKER_01: Treasuries just hit a 19-year high yield because the market doesn't fully trust the U.S.
• 9:34
  SPEAKER_01: fiscal situation right now.
• 9:36
  SPEAKER_01: Physical gold is the defensive position that doesn't have a counterparty, no printing presses, no manipulation, can't fake it, can't fraud it, no default risk, just good old-fashioned metal.
• 9:54
  SPEAKER_01: And how are you gonna counterfeit that?
• 9:59
  SPEAKER_01: So in politics, there's a trend these days where these day traders are following the portfolio investments of congressmen and women and senators on Capitol Hill.
• 10:20
  SPEAKER_01: Now it started out as kind of a joke.
• 10:23
  SPEAKER_01: Oh, that's funny, right?
• 10:24
  SPEAKER_01: That's how funny.
• 10:25
  SPEAKER_01: But then you start looking at it and you're seeing, you know, uh if you're looking at just the statistics of it, uh I believe former House Speaker Nancy Pelosi has a better portfolio and has seemed to be on the right side of things, more than billion-dollar hedge funds in our financial markets, in the stock market, in the business districts of places like New York City and Fortune 500 companies in their investments.
• 10:54
  SPEAKER_01: So people started, as a joke, hey, let's follow the portfolio investments of, you know, the former speaker, at that time speaker of the house.
• 11:02
  SPEAKER_01: Turned out they were making a lot of money.
• 11:03
  SPEAKER_01: So they started doing that with other members of Congress, both on the Republican and Democrat side.
• 11:07
  SPEAKER_01: And and while that sounds actually kind of funny, um it's also kind of sickening as a taxpayer.
• 11:15
  SPEAKER_01: So the only reason I draw that analogy is for, you know, it's kind of like what we should be doing when it comes to our portfolio investments as well and diversifying them.
• 11:27
  SPEAKER_01: We should see what the most uh successful traders, not T R A I T, T R A D, the most successful traders and the most um successful financial experts in our country, based on their wealth, we should probably be watching what they're doing.
• 11:46
  SPEAKER_01: And really, a lot of it points to medals.
• 11:50
  SPEAKER_01: Pretty incredible stuff.
• 11:52
  SPEAKER_01: All right.
• 11:53
  SPEAKER_01: That ends segment number one here on the Crust Report, and I think it sets the stage perfectly for segment two, and that is day hundred and what, fifty eight, fifty-nine, maybe even more.
• 12:09
  SPEAKER_01: I'm just kind of spitballing there, but of the war, keeps grinding on.
• 12:13
  SPEAKER_01: The straight keeps hurting, gas is still at or above, depending on where you are in the country, four dollars a gallon.
• 12:19
  SPEAKER_01: Let me uh let me just bring something up here real quick.
• 12:23
  SPEAKER_01: At this point, you guys probably know that I also do a um a couple different news programs throughout the week as well.
• 12:32
  SPEAKER_01: And my job is to cover social, uh, social trending, political trending, and cultural chain uh trending issues, mostly in the United States of America, but also abroad, if it is a story that affects us here in the United States.
• 12:47
  SPEAKER_01: Um, which nowadays, you know, if a bee stings you in uh Alaska, uh uh you're probably gonna feel it in China.
• 12:55
  SPEAKER_01: You know what I mean?
• 12:56
  SPEAKER_01: I mean, we live in a world where uh everybody is affected by everybody's decision.
• 13:01
  SPEAKER_01: We live in a global market, whether we like it or not, that's just the way it is.
• 13:05
  SPEAKER_01: Um and I just wanted to, you know, touch on something that I I keep hearing in the the news atmosphere or ecosphere, um, or maybe bubble is the right word, and that is even the most staunch supporters of the current president, President Trump, right now, are over this.
• 13:32
  SPEAKER_01: Everybody's over this.
• 13:34
  SPEAKER_01: Nobody obviously wants to be in any wars.
• 13:38
  SPEAKER_01: And when you're a president that promises no new wars, the supporters of that president are willing to give him uh leeway after officially ending eight wars around the world.
• 13:54
  SPEAKER_01: But it was always on the back of the promise that this is not going to be a forever thing.
• 14:00
  SPEAKER_01: There's a clear objective here.
• 14:02
  SPEAKER_01: That clear objective is basically three and one, but basically to stop the bullies of the, you know, one of the most traveled uh pathways for energy to get from one from point A to point B, C, D, E, F all the way to Z.
• 14:20
  SPEAKER_01: Uh that's that's number one.
• 14:22
  SPEAKER_01: But there's other things too, you know what I mean?
• 14:24
  SPEAKER_01: There's there were other reasons as well.
• 14:25
  SPEAKER_01: And the supporters of the of the president were very willing to say, okay, you stopped eight wars.
• 14:31
  SPEAKER_01: If this is going to be for the good of our country, lay out a plan, lay out a timeline.
• 14:36
  SPEAKER_01: Well, I'm, you know, I'm here to report for you that, like I said, and you might be a supporter of President Trump, you may not be.
• 14:43
  SPEAKER_01: But if you are, then you probably understand where I'm coming from.
• 14:48
  SPEAKER_01: Um if you're not a supporter, then then there was no time that was a good time.
• 14:53
  SPEAKER_01: But the fact of the matter is, people are over it now.
• 14:58
  SPEAKER_01: What's the next objective?
• 15:00
  SPEAKER_01: Is there a next objective?
• 15:02
  SPEAKER_01: Is the objective done?
• 15:03
  SPEAKER_01: Did we set out to do what we succeeded that we wanted to do?
• 15:06
  SPEAKER_01: Have we succeeded in that?
• 15:08
  SPEAKER_01: Um, because the minute that this is done, the minute that this is over with, that is when you are going to see our energy prices fall through the floor.
• 15:19
  SPEAKER_01: I mean, they're already, at an average, never reached as high as they did under the previous administration while we're in a war.
• 15:28
  SPEAKER_01: So just by that, you know, point of view, you really look at it and you go, okay, then when this is over, these are really going to drop.
• 15:36
  SPEAKER_01: I mean, look at look at how far it's dropped even on the news of it being done.
• 15:40
  SPEAKER_01: But I think at this point, we need to either figure out what the next objective really is, uh, or we or we've won.
• 15:48
  SPEAKER_01: And I think that's kind of how we all feel as Americans.
• 15:51
  SPEAKER_01: Doesn't matter what side of the aisle you're on.
• 15:54
  SPEAKER_01: So, this weekend, this past weekend, the U.S.
• 15:58
  SPEAKER_01: canceled a planned joint strike with Israel on Iran and specifically on the Iranian energy infrastructure.
• 16:09
  SPEAKER_01: Now, this is the third time this has happened, and this is why, look, you know, fool me once, fool me twice.
• 16:13
  SPEAKER_01: And I'm not saying that anybody was fooled, but what I'm saying is patience is running out.
• 16:17
  SPEAKER_01: This is the third time.
• 16:19
  SPEAKER_01: We're gonna bomb them, we're bombing them.
• 16:21
  SPEAKER_01: They want to make a deal.
• 16:23
  SPEAKER_01: We made a deal, deals off, we're gonna bomb them, we're gonna make a deal, deals off, we're gonna bomb them.
• 16:31
  SPEAKER_01: The operation is um it was time to finish before markets opened this week.
• 16:39
  SPEAKER_01: Now it was canceled before markets opened and gold and silver both jumped.
• 16:43
  SPEAKER_01: So even just by the you know, the mere news of something, just a statement in a lot of cases, is enough to make gold and silver jump and oil drop.
• 16:54
  SPEAKER_01: And that happened on both fronts.
• 16:58
  SPEAKER_01: The war started February 28th.
• 17:01
  SPEAKER_01: Here we are, you know, hovering around 160 days in, and a ceasefire that was signed uh in Versailles in June, that collapsed in July.
• 17:13
  SPEAKER_01: Since then, fresh strikes, fresh retaliation, more American deaths, and more pauses.
• 17:22
  SPEAKER_01: The pattern hasn't broken.
• 17:24
  SPEAKER_01: And one thing that we here in America know is that if you keep trying to do something the same way over and over and over and over again, and the outcome doesn't change, then at what point do you become insane?
• 17:40
  SPEAKER_01: That's not me throwing around names at people or accusations at anyone.
• 17:44
  SPEAKER_01: I'm saying we're at that point now where it's coming to a head.
• 17:50
  SPEAKER_01: Now, I've heard rumors, again, this is in the news world, that Iran, I mean, they're the look, a lot of those guys, they if they needed to, they could literally live in caves with no technology and they'd be okay with it.
• 18:04
  SPEAKER_01: It's just the way it is.
• 18:05
  SPEAKER_01: It's just the culture there.
• 18:06
  SPEAKER_01: It's not, you know, it's not me being rude or mean, it's just the way it is.
• 18:10
  SPEAKER_01: They will, if it means taking down an enemy, and in their, in this case the U.S., they'll be driven all the way back to that.
• 18:16
  SPEAKER_01: Their main objective here is our midterm elections.
• 18:20
  SPEAKER_01: Obviously, the Iranians and President Trump are not friends.
• 18:24
  SPEAKER_01: Obviously, there's been death contracts out on the president of the United States, hits, straight, actual death contracts, millions of dollars.
• 18:33
  SPEAKER_01: And how many times have we seen this president, you know, have a near-assassination attempt?
• 18:38
  SPEAKER_01: They want to hurt him in any which way they can.
• 18:40
  SPEAKER_01: And if that means our midterm elections, they will.
• 18:44
  SPEAKER_01: So, you know, we're we're getting to a point of no return if something doesn't happen here pretty soon.
• 18:49
  SPEAKER_01: Because Iran smells blood.
• 18:53
  SPEAKER_01: This isn't a secret, and it shouldn't even be offensive for anybody to hear.
• 18:59
  SPEAKER_01: Fortune ran a headline uh this last this week worth noting that as Trump keeps threatening and not striking the way he says he's going to, Iran is exploiting its strategic advantage.
• 19:14
  SPEAKER_01: Every time a threat is made and pulled back, Iran gains leverage at any future negotiation table.
• 19:22
  SPEAKER_01: No matter where it's held.
• 19:25
  SPEAKER_01: Pre-war, like we said last week, 110 ships a day.
• 19:29
  SPEAKER_01: Still nowhere near that.
• 19:32
  SPEAKER_01: War risk insurance premiums still elevated, oil still above.
• 19:36
  SPEAKER_01: Well, it did drop.
• 19:38
  SPEAKER_01: It did, I I will give it, I will give it that.
• 19:41
  SPEAKER_01: This week, I mean, I think it reached even as low as.
• 19:44
  SPEAKER_01: Let me just let me look up real quick.
• 19:46
  SPEAKER_01: Uh what I mean, we dropped this week down to, you know,$73,$74 at one point.
• 19:56
  SPEAKER_01: So I mean, even with this raging on, you can tell that people are over it.
• 20:02
  SPEAKER_01: The problem that I see is that there was never really that big of a disruption in supply.
• 20:08
  SPEAKER_01: And I think that's some of the misinformation going on in the world.
• 20:11
  SPEAKER_01: These oil and gas companies, they're price gouging like crazy because they know they can.
• 20:17
  SPEAKER_01: But it's not because of a supply and demand issue.
• 20:19
  SPEAKER_01: Think about it.
• 20:20
  SPEAKER_01: Do you really think that these countries that consume X amount of barrels a day in their country have stopped consuming them that much?
• 20:28
  SPEAKER_01: Do you think that there's been a shortage?
• 20:29
  SPEAKER_01: Do you think that they've had to have, hey guys, we need to shut down electricity, we need to make sure we conserve our energy?
• 20:34
  SPEAKER_01: That hasn't happened.
• 20:35
  SPEAKER_01: There's been no news reports of that.
• 20:37
  SPEAKER_01: Why?
• 20:38
  SPEAKER_01: Because the supply shifted.
• 20:40
  SPEAKER_01: The demand stayed, the supply shifted.
• 20:42
  SPEAKER_01: The supply was still supplied.
• 20:44
  SPEAKER_01: People were getting it from the United States of America and other places.
• 20:46
  SPEAKER_01: There was hundreds and hundreds of ships going into the Gulf of America.
• 20:50
  SPEAKER_01: Venezuela is pumping more oil to the United States than it has in forever.
• 20:56
  SPEAKER_01: And that's going to increase.
• 20:58
  SPEAKER_01: All in all, we're expected to get six million barrels a day plus from Venezuela.
• 21:05
  SPEAKER_01: So, President Trump did call out these companies this week, and I'm glad he did.
• 21:09
  SPEAKER_01: The Chevrons, the ExxonMobiles, all of them.
• 21:14
  SPEAKER_01: Now, still, the bottom line is this the war is not resolved.
• 21:20
  SPEAKER_01: The economic impact is not resolved.
• 21:23
  SPEAKER_01: Any portfolio that does not account for the possibility of a re-escalation is not fully diversified.
• 21:31
  SPEAKER_01: And that, ladies and gentlemen, is the entire conversation right there.
• 21:37
  SPEAKER_01: Where are you?
• 21:39
  SPEAKER_01: Are you diversified?
• 21:43
  SPEAKER_01: Do you have the quote insurance of making sure that you have that beautiful M E T A L S medals as part of your portfolio?
• 21:54
  SPEAKER_01: Because if not, then you can text the word report like I'm gonna report.
• 22:00
  SPEAKER_01: This to M E T A L S medals or 638257.
• 22:07
  SPEAKER_01: That's text the word report to 638-257.
• 22:13
  SPEAKER_01: Or if it's easier for you to spell out, M E T A L S, the word report to medals.
• 22:20
  SPEAKER_01: I also encourage you right now to go to goldencrestmetals.com.
• 22:23
  SPEAKER_01: Go to goldencrestmetals.com because there's an offer out there right now for qualified purchase, and that's uh qualified purchases, excuse me, and that's this free portfolio review, free investor kit, up to$25,000 of free silver.
• 22:38
  SPEAKER_01: How much do you think$25,000 of silver is going to be worth in 20 years?
• 22:42
  SPEAKER_01: Well, how much was it worth 20 years ago?
• 22:46
  SPEAKER_01: GoldenCrestmetals.com 888 991 6222.
• 22:52
  SPEAKER_01: That's 888 991 622.
• 23:01
  SPEAKER_01: You call right now, Rich Jacoby or somebody on the team will be standing by or sitting by ready to assist.
• 23:11
  SPEAKER_01: I just want to tell you that I can tell you what silver was 20 years ago.
• 23:16
  SPEAKER_01: 20 years ago it was$7.31 an ounce.
• 23:27
  SPEAKER_01: It got up to$120 this last January.
• 23:33
  SPEAKER_01: Where do you think it's gonna go when conflicts are done and money's flowing and rates drop?
• 23:37
  SPEAKER_01: Where do you think it's gonna go then?
• 23:40
  SPEAKER_01: $7 20 years ago.
• 23:44
  SPEAKER_01: What are we almost 10 times that?
• 23:47
  SPEAKER_01: So if you did get$25,000 of free silver if you were, you know, eligible for that qualified purchase, well then$25,000 now.
• 23:59
  SPEAKER_01: Let's save current trajectory, 10 years.
• 24:03
  SPEAKER_01: Well, that might be somewhere near a quarter of a million dollars.
• 24:07
  SPEAKER_01: What are you waiting for?
• 24:11
  SPEAKER_01: Oh, you're probably waiting for segment number three.
• 24:13
  SPEAKER_01: Well, it's coming right up.
• 24:15
  SPEAKER_01: The economy that the government reports versus the economy that you're living in.
• 24:22
  SPEAKER_01: I think we know that there's a difference, right?
• 24:26
  SPEAKER_01: Here's the official story.
• 24:28
  SPEAKER_01: GDP is growing at 2.1%, but unemployment is at 4.2%.
• 24:32
  SPEAKER_01: Let me say that again.
• 24:34
  SPEAKER_01: GDP, gross domestic product, is at 2.1% growing.
• 24:42
  SPEAKER_01: But we have 4.2% unemployment.
• 24:46
  SPEAKER_01: Kind of cancels it out, doesn't it?
• 24:48
  SPEAKER_01: The White House says that the economy is strong, which in some cases I would say it is.
• 24:54
  SPEAKER_01: The stock market is near record highs.
• 24:58
  SPEAKER_01: 401ks are doing great.
• 25:01
  SPEAKER_01: Jobless reports coming in have been going in the right direction.
• 25:05
  SPEAKER_01: Inflation has been going in the right direction.
• 25:07
  SPEAKER_01: That's the official version.
• 25:10
  SPEAKER_01: What about the version that everybody actually is feeling?
• 25:14
  SPEAKER_01: Because there are two different versions in any administration from any party.
• 25:19
  SPEAKER_01: It's always a little different, isn't it, at our level?
• 25:23
  SPEAKER_01: Well, household debt, we talked about this last week,$18.8 trillion.
• 25:29
  SPEAKER_01: All-time record.
• 25:31
  SPEAKER_01: Average credit card balance,$6,519 at 21% interest.
• 25:38
  SPEAKER_01: Sounds like the country.
• 25:39
  SPEAKER_01: $40 trillion.
• 25:40
  SPEAKER_01: Trillion dollars a year in just interest alone.
• 25:44
  SPEAKER_01: $6,500 of credit card debt average for the American family at 21% interest.
• 25:51
  SPEAKER_01: No wonder foreclosures are up 21% in the first half of 2026.
• 25:57
  SPEAKER_01: Car loan delinquencies at great recession levels.
• 26:02
  SPEAKER_01: The average car payment is$750 a month.
• 26:05
  SPEAKER_01: Do you remember when the average car payment was$300 a month?
• 26:09
  SPEAKER_01: Those are the days.
• 26:13
  SPEAKER_01: The K-shaped economy.
• 26:15
  SPEAKER_01: That means the top of 40% earners are spending fine.
• 26:21
  SPEAKER_01: They're taking a hit, yes, from what they're used to, but not taking a hit as in what most people think what a hit is.
• 26:30
  SPEAKER_01: Their investing is fine.
• 26:32
  SPEAKER_01: They're doing well.
• 26:34
  SPEAKER_01: Problem is the bottom 60%, which is the you know percent that makes the world go round.
• 26:41
  SPEAKER_01: Squeezed by inflation, even though it's going down, debt payments, insurance rates really high, stagnant wages, stock market reflects the upper 40%, the foreclosure data reflects the bottom 60%, both are real numbers.
• 27:02
  SPEAKER_01: Now, I would be um not doing you a service if I didn't mention that there is an obvious to the strain in our nation's economy.
• 27:17
  SPEAKER_01: Now, I'm not gonna come at this from a news angle, I'm gonna come at this from a taxpayer angle and somebody who wants to diversify my portfolio and have the extra capital to be able to do that.
• 27:29
  SPEAKER_01: I'm gonna give you a scenario here.
• 27:32
  SPEAKER_01: If the United States of America tomorrow absorbed all of the people in Canada, because let's just say that they had to leave Canada because of a natural disaster that ravaged the whole country, but the United States was left untouched.
• 27:52
  SPEAKER_01: If we had to take the entire population of Canada and give them asylum into the United States of America, what would that do to all of our systems?
• 28:06
  SPEAKER_01: What would that do to our Medicare system, Medicaid system?
• 28:11
  SPEAKER_01: What would that do to our hospital and um and an entire medical system?
• 28:17
  SPEAKER_01: What would that do for our fire departments, our police stations?
• 28:22
  SPEAKER_01: What would how would that affect those places?
• 28:26
  SPEAKER_01: What would it do to our school system?
• 28:28
  SPEAKER_01: What would it do to our financial system?
• 28:31
  SPEAKER_01: What would it do to our uh I mean, think of something that it wouldn't affect.
• 28:37
  SPEAKER_01: I can't think of anything.
• 28:38
  SPEAKER_01: You're talking upper 30 million, probably approaching 40 million somewhere in there, right in that range right now.
• 28:47
  SPEAKER_01: Well, ladies and gentlemen, that is what happened to this country for four years.
• 28:52
  SPEAKER_01: In four years, regardless of who's at fault or why we think they got here, tens of millions of people came into this country at one time.
• 29:05
  SPEAKER_01: Now, this country, like every country, needs immigration from around the world.
• 29:10
  SPEAKER_01: That's exactly right.
• 29:11
  SPEAKER_01: And we have a wonderful immigration system that actually works and produces, you know, uh hardworking, loyal people to this nation and any nation they go to.
• 29:21
  SPEAKER_01: But when you rapidly bring in millions of people, it doesn't matter who they are or where they're from, it puts a strain on systems.
• 29:35
  SPEAKER_01: That's why insurance goes up, that's why housing goes up, that's why rent goes up, that's why all of this, it's uh that's not, I'm not contributing contributing our nation's problems financially to that, but I'm saying I wouldn't be doing you a service unless I mentioned that.
• 29:53
  SPEAKER_01: So no matter how well this administration or the next one does, we still have to grow at an even rapid pace in order to account for that if those people are going to live here.
• 30:09
  SPEAKER_01: So if you're looking at it from a pure financial aspect, that is a contribution to where we are.
• 30:21
  SPEAKER_01: Policy and geopolitical shocks, the Fed's inflation dilemma, consumer exhaustion, a potential AI bubble, any one of those is a serious problem, and all four are active simultaneously.
• 30:36
  SPEAKER_01: It's like we're living in a perfect storm.
• 30:41
  SPEAKER_01: Those are the four threats right now that the U.S.
• 30:45
  SPEAKER_01: news identified this week as problems that are occurring.
• 30:50
  SPEAKER_01: Now let's look at the job picture.
• 30:53
  SPEAKER_01: June payrolls came in at just 57,000, well below the 115,000 estimate.
• 31:01
  SPEAKER_01: The labor participation rate dropped, household employment fell by 507,000 in a single month.
• 31:08
  SPEAKER_01: These are not the numbers of a, you know, roaring and ripping economy.
• 31:15
  SPEAKER_01: So there's some stagnation there.
• 31:20
  SPEAKER_01: The average American worker right now has to work 38 weeks out of the year just to afford a new vehicle.
• 31:27
  SPEAKER_01: That leaves 14 weeks of income for everything else.
• 31:32
  SPEAKER_01: Rent, food, utilities, healthcare, retirement savings.
• 31:35
  SPEAKER_01: The math just doesn't work.
• 31:36
  SPEAKER_01: The math is not mathing, as it says.
• 31:38
  SPEAKER_01: Now we're the greatest, richest country in the world.
• 31:43
  SPEAKER_01: Why do we live like that?
• 31:47
  SPEAKER_01: And I'm not saying that we don't, compared to other countries, still live wonderfully and beautifully, because I think that we do take a lot for granted.
• 31:54
  SPEAKER_01: I think we have far too many things than we need.
• 31:56
  SPEAKER_01: As a matter of fact, my wife said to me the other day, uh, we were doing some not really spring cleaning, but we were doing a lot of cleaning up and getting rid of things and donating things that we didn't need anymore to, you know, people for clothes and, you know, toys of the kids and things like that.
• 32:10
  SPEAKER_01: And she said, Do you have any idea how many pairs of shoes you have?
• 32:17
  SPEAKER_01: And I said, No.
• 32:20
  SPEAKER_01: You know, usually I'm thinking women are the ones with lots of shoes, right?
• 32:23
  SPEAKER_01: I mean, come on, man, am I right?
• 32:26
  SPEAKER_01: She says, You have 17 pairs of shoes.
• 32:30
  SPEAKER_01: I said, What?
• 32:32
  SPEAKER_01: She goes, You have 17 pairs of shoes.
• 32:33
  SPEAKER_01: Now, granted, like six of those uh shoes were given uh to me by somebody who um they didn't fit them or something, and and uh or they got them from presents from somebody and they didn't like them or whatever.
• 32:47
  SPEAKER_01: They're still basically brand new.
• 32:48
  SPEAKER_01: But let's even say that I take that away and I have 11.
• 32:51
  SPEAKER_01: Why do I have 11 pairs of shoes?
• 32:54
  SPEAKER_01: A few different styles of boots, a few different styles of dress shoes, a few different styles of tennis shoes, sneakers, depending on what generation you come from.
• 33:03
  SPEAKER_01: But fact of the matter is, she's like, you have 17 pairs of shoes.
• 33:08
  SPEAKER_01: Well, that's weird because I only wear like three.
• 33:12
  SPEAKER_01: But that's what I'm talking about.
• 33:14
  SPEAKER_01: We do live in a world of abundance.
• 33:16
  SPEAKER_01: We don't have to live even that way.
• 33:19
  SPEAKER_01: But here in America, we might say we're struggling.
• 33:22
  SPEAKER_01: So there is some personal responsibility there, too.
• 33:25
  SPEAKER_01: And if everybody took that same kind of personal responsibility and invested rather than wasted, we might not be having these, you know, uh warning discussions when it comes to our economy.
• 33:39
  SPEAKER_01: Just maybe.
• 33:40
  SPEAKER_01: But that's me putting my two cents in.
• 33:44
  SPEAKER_01: When the economy, the government reports, and the economy people live in are this far apart, and when household balance sheets are this stretched apart, any shock tips over the edge.
• 34:01
  SPEAKER_01: Any shock will tip you over the edge.
• 34:04
  SPEAKER_01: And that's what the markets have been doing up, down, up, down, up, down, up, down.
• 34:10
  SPEAKER_01: Physical gold and silver are the one asset that doesn't depend on the economy being healthy to hold its value.
• 34:22
  SPEAKER_01: And let's look at that.
• 34:23
  SPEAKER_01: Gold is around forty one hundred dollars an ounce.
• 34:29
  SPEAKER_01: It fluctuated quite a bit over the last week or so from four thousand, you know, fifty dollars to forty two hundred, almost forty, two hundred at one point.
• 34:43
  SPEAKER_01: And of course, Buffett warns, and banks target six thousand dollars, central banks keep buying.
• 34:52
  SPEAKER_01: That's that's these, that's what's surrounding this gold price right now is the Buffett warning, the banks still targeting, the central banks keep buying, and the price staying steady during these, you know, economic crisis times around the world.
• 35:08
  SPEAKER_01: Gold right now, and believe it or not, ladies and gentlemen, even with the big dip, it's still nearly up 20% from what it was a year ago.
• 35:22
  SPEAKER_01: That's the that's the part that's mind-blowing.
• 35:26
  SPEAKER_01: You've got gold hovering below, above, or right at 4,100 this whole week.
• 35:33
  SPEAKER_01: And upon the war news, you know, the pause in the war news uh over the weekend, it took a nice big jump.
• 35:42
  SPEAKER_01: But again, up nearly 20% compared to a year ago.
• 35:48
  SPEAKER_01: Again, I will say, down from January's all-time high of 5,500, which means what?
• 35:58
  SPEAKER_01: It's on sale, baby.
• 36:00
  SPEAKER_01: That's what that means.
• 36:01
  SPEAKER_01: There's a sale going on, and it's time for you to buy.
• 36:05
  SPEAKER_01: Because that's where it's going back.
• 36:06
  SPEAKER_01: That's what the big banks say.
• 36:08
  SPEAKER_01: And they're the ones with skin in the game.
• 36:10
  SPEAKER_01: Let's go back to the whole Warren Buffett thing.
• 36:13
  SPEAKER_01: $397 billion in cash.
• 36:18
  SPEAKER_01: Rather than buying stocks, holding the cash.
• 36:22
  SPEAKER_01: The problem with cash is inflation eats it.
• 36:26
  SPEAKER_01: Gold has beaten inflation over every five-year period for the last 50 years.
• 36:32
  SPEAKER_01: If that doesn't make you pick up the phone right now and call 888-991-6222, I don't know what would if you are a person looking to build on or diversify or advance your portfolio.
• 36:49
  SPEAKER_01: That right there, gold has beaten inflation every five-year period for the last 50 years.
• 36:57
  SPEAKER_01: What do you think is going to make it stop now that there's even more of a demand for the supply that there's not much of?
• 37:03
  SPEAKER_01: That's not marketing, folks.
• 37:05
  SPEAKER_01: That's a track record, a proven track record.
• 37:08
  SPEAKER_01: JP Morgan, 6,000 by Q4.
• 37:10
  SPEAKER_01: Goldman Sachs, 5,400 by Q4.
• 37:13
  SPEAKER_01: Wells Fargo, 6,300 by Q4.
• 37:15
  SPEAKER_01: Not one major institution on Wall Street has a year-end gold target below where gold is right now.
• 37:23
  SPEAKER_01: They all think it's going to go a lot higher from here.
• 37:28
  SPEAKER_01: Central banks, 19 months and counting.
• 37:32
  SPEAKER_01: China has bought gold for 19 consecutive months.
• 37:35
  SPEAKER_01: 95% of the world's central banks plan to grow their gold reserves in the next 12 months.
• 37:41
  SPEAKER_01: And that's per the World Gold Council.
• 37:44
  SPEAKER_01: The people managing sovereign wealth for entire nations are buying gold.
• 37:51
  SPEAKER_01: They're not selling it.
• 37:55
  SPEAKER_01: These people have worked with a lot more money than you and I will probably ever see.
• 37:59
  SPEAKER_01: What do they know that we don't know?
• 38:02
  SPEAKER_01: Trends, supply, demand, and value.
• 38:07
  SPEAKER_01: Why not just mirror their model?
• 38:12
  SPEAKER_01: Quarter one, 2026, gold demand globally hits 193 billion.
• 38:19
  SPEAKER_01: That is up 74% year over year.
• 38:22
  SPEAKER_01: The amount of the demand for the gold is up 74% year over year.
• 38:29
  SPEAKER_01: Bar and coin demand.
• 38:33
  SPEAKER_01: Real people buying real metal.
• 38:38
  SPEAKER_01: Think about it.
• 38:39
  SPEAKER_01: Where do you want to be?
• 38:44
  SPEAKER_01: I remember there's a uh my son watched the Marvel movies.
• 38:48
  SPEAKER_01: The, you know, the superhero movies.
• 38:52
  SPEAKER_01: And his favorite character was Iron Man.
• 38:55
  SPEAKER_01: You know what he said about Iron Man?
• 38:59
  SPEAKER_01: He said, nothing can hurt Iron Man because he's in a suit of protection, Dad.
• 39:06
  SPEAKER_01: That's what he told me once.
• 39:08
  SPEAKER_01: And in the movie, Iron Man says, I see a suit of armor around the world.
• 39:15
  SPEAKER_01: Now, the reason I thought about that is because when you have gold, silver, palladium, and platinum, it's like a suit of armor around your investment.
• 39:26
  SPEAKER_01: Can't be taken from you.
• 39:30
  SPEAKER_01: It can't be manipulated.
• 39:34
  SPEAKER_01: You don't wake up tomorrow and the entire world banking structure went under and your money is just gone.
• 39:40
  SPEAKER_01: Your money that you see in only numbers is just gone.
• 39:45
  SPEAKER_01: It can be local to wherever you are.
• 39:47
  SPEAKER_01: It could be in a safe.
• 39:54
  SPEAKER_01: I believe the facility is in Delaware.
• 39:59
  SPEAKER_01: I see a suit of armor around my retirement.
• 40:02
  SPEAKER_01: I see a suit of armor around me and my wife being able to say, hey, wow, look at that.
• 40:10
  SPEAKER_01: We took it out of the judge's hands and we put it in our own.
• 40:14
  SPEAKER_01: And aren't we glad we did that?
• 40:16
  SPEAKER_01: What do you want to do with it?
• 40:17
  SPEAKER_01: Aren't you ready to liquefy?
• 40:18
  SPEAKER_01: When I say we took it out of the judge's hands, if anybody out there is a fight fan, an MMA fan, a UFC fan, a boxing fan, there's a saying in in uh combat sports.
• 40:30
  SPEAKER_01: Don't leave it in the judge's hands.
• 40:32
  SPEAKER_01: Take it out of the judge's hands.
• 40:33
  SPEAKER_01: That means get the job done.
• 40:35
  SPEAKER_01: When you leave it in the judge's hands, you know what happens?
• 40:39
  SPEAKER_01: You might get the wrong call.
• 40:41
  SPEAKER_01: They might declare somebody else the winner, even though you actually won the fight.
• 40:45
  SPEAKER_01: You might get cheated.
• 40:47
  SPEAKER_01: You might not get the outcome that you expected.
• 40:51
  SPEAKER_01: So take it out of the judge's hands.
• 40:53
  SPEAKER_01: Put it in your own hands.
• 40:54
  SPEAKER_01: Diversify today.
• 40:58
  SPEAKER_01: My wife and I are just like all of you listening.
• 41:00
  SPEAKER_01: We are not rich people.
• 41:02
  SPEAKER_01: Maybe there's some rich people.
• 41:03
  SPEAKER_01: Hey, if you are, give me a call.
• 41:05
  SPEAKER_01: Reach out to Golden Crust Medals, ask them for Jeremy Harrell's phone number.
• 41:11
  SPEAKER_01: We're regular, everyday, hardworking people, middle class folks.
• 41:16
  SPEAKER_01: And we still find a way to invest in silver and gold.
• 41:21
  SPEAKER_01: We're not investing$100,000 at a time, but we do, and if you did, I sh if you do, you might be eligible for$25,000 of free silver.
• 41:30
  SPEAKER_01: But we save, we scrimp and we save, and when it comes time, we purchase one or the other.
• 41:37
  SPEAKER_01: Because I looked back and I cannot find a five-year period where gold or silver underperformed.
• 41:46
  SPEAKER_01: Silver.
• 41:47
  SPEAKER_01: Let's get to that right now, folks.
• 41:49
  SPEAKER_01: Still hovering around that$60 mark.
• 41:52
  SPEAKER_01: Up 1.5% on the Iran pause updates that we got this weekend.
• 41:58
  SPEAKER_01: But check this out.
• 41:59
  SPEAKER_01: Up 55% compared to one year ago.
• 42:02
  SPEAKER_01: Up 55% from just a year ago.
• 42:05
  SPEAKER_01: That's quite an investment, folks.
• 42:06
  SPEAKER_01: That's one year.
• 42:08
  SPEAKER_01: Imagine staying on that trajectory for 20.
• 42:11
  SPEAKER_01: Silver has tested$60 multiple times and has not closed above it cleanly.
• 42:17
  SPEAKER_01: That's the line that analysts are watching.
• 42:19
  SPEAKER_01: That's a heck of a line.
• 42:20
  SPEAKER_01: Especially when the line was$22 when I bought it just four years ago.
• 42:27
  SPEAKER_01: Silver hit$121 in January.
• 42:31
  SPEAKER_01: It's about$58 now.
• 42:33
  SPEAKER_01: The fundamentals did not change.
• 42:35
  SPEAKER_01: The supply deficit did not change.
• 42:38
  SPEAKER_01: The industrial demand did not change.
• 42:40
  SPEAKER_01: What changed was the war pushed oil up, which pushed rake height fears up, which pressured silver.
• 42:48
  SPEAKER_01: When that reverses even partially, silver's going to move.
• 42:52
  SPEAKER_01: Now, remember, you have the two demand engines of silver.
• 42:56
  SPEAKER_01: The two demand engines are the monetary and the industrial.
• 43:00
  SPEAKER_01: We talked about this for the last two weeks.
• 43:01
  SPEAKER_01: Let me refresh your memory.
• 43:03
  SPEAKER_01: Silver has the monetary engine, which is the inflation hedge, and the industrial engine, which is the solar panels, the EVs, the AI chips, the medical devices, because silver is a conductor.
• 43:12
  SPEAKER_01: Both are structural.
• 43:14
  SPEAKER_01: The industrial floor does not just simply go away because of rate fears.
• 43:19
  SPEAKER_01: Solar panels still get built, EVs still get made, chips still get manufactured, it's a double whammy for silver.
• 43:25
  SPEAKER_01: And again, we're on our sixth consecutive year, more silver consumed than mined.
• 43:29
  SPEAKER_01: 41 million ounce shortfall in 2026, and we're not even through it.
• 43:34
  SPEAKER_01: No peace deal closes a supply deficit.
• 43:36
  SPEAKER_01: No Fed rate hikes means closes at a supply deficit.
• 43:41
  SPEAKER_01: Physical scarcity, it's real and it's ongoing.
• 43:46
  SPEAKER_01: Now, what Wall Street says, that it's worth.
• 43:50
  SPEAKER_01: LBMA analysts consensus for 26, 79.57 an ounce, JP Morgan base case, 81.5 An ounce.
• 44:01
  SPEAKER_01: Bank of America bull case,$135 to$309 an ounce.
• 44:09
  SPEAKER_01: Those aren't fringe numbers, guys.
• 44:12
  SPEAKER_01: Those are institutional targets from the same banks that manage the money of all the people running the systems.
• 44:18
  SPEAKER_01: Let's say that again.
• 44:21
  SPEAKER_01: JP Morgan base case is$81 an ounce.
• 44:25
  SPEAKER_01: That's its base.
• 44:29
  SPEAKER_01: Bank of America's bull case is$135 to$309.
• 44:34
  SPEAKER_01: Gold is up 20% year over year.
• 44:37
  SPEAKER_01: Silver's up 55% year over year.
• 44:39
  SPEAKER_01: That's all you really need to know.
• 44:42
  SPEAKER_01: Gold is up 20% year over year.
• 44:45
  SPEAKER_01: Silver's up 55% year over year.
• 44:48
  SPEAKER_01: Silver outperformed gold even during one of the most brutal environments for precious metals in years.
• 44:53
  SPEAKER_01: Even getting a double whammy.
• 44:55
  SPEAKER_01: That tells you something about the structural demand beneath the price.
• 45:00
  SPEAKER_01: And remember, folks, the government can track your cash.
• 45:04
  SPEAKER_01: Do you know what government can't track?
• 45:07
  SPEAKER_01: Gold, silver, palladium, platinum.
• 45:13
  SPEAKER_01: Government doesn't track that.
• 45:15
  SPEAKER_01: You've got bills going on.
• 45:16
  SPEAKER_01: You've got the Genius Act, which is built as a surveillance cage.
• 45:20
  SPEAKER_01: You've got AI programs breaking out of digital cages that they're not supposed to be able to operate beyond.
• 45:27
  SPEAKER_01: And they're hacking other AI programs, and they're costing billions of dollars, changing numbers on their own.
• 45:37
  SPEAKER_01: You've got a crazy world out there of the judges that we just talked about, which are the lawmakers, setting rules and red tape and regulations for you, driving up our debt, destroying the worth of the dollar while you work for what?
• 45:54
  SPEAKER_01: 50 years of your life?
• 45:57
  SPEAKER_01: 60 years of your life?
• 45:59
  SPEAKER_01: And you just want to put your feet up and be able to grow a garden around your home?
• 46:03
  SPEAKER_01: Maybe go on a couple vacations and enjoy retirement.
• 46:06
  SPEAKER_01: How are you going to do that on Social Security?
• 46:09
  SPEAKER_01: You're not.
• 46:12
  SPEAKER_01: Period.
• 46:13
  SPEAKER_01: So, I'll give it to you straight one more time.
• 46:16
  SPEAKER_01: Here's the number to call right now.
• 46:18
  SPEAKER_01: 888-991-6222.
• 46:22
  SPEAKER_01: That's 888-991-6222.
• 46:27
  SPEAKER_01: That's one way to get a hold of somebody right now.
• 46:30
  SPEAKER_01: Get it while the getting's good, baby.
• 46:32
  SPEAKER_01: That's what I say.
• 46:33
  SPEAKER_01: Text report to Metals.
• 46:35
  SPEAKER_01: That's report to M E T A L S or 638257.
• 46:40
  SPEAKER_01: That is 638-257.
• 46:42
  SPEAKER_01: Report to 638257 or just simply do it the old-fashioned way.
• 46:47
  SPEAKER_01: And that is GoldenCrestmetals.com.
• 46:50
  SPEAKER_01: That's GoldenCrestmetals.com.
• 46:52
  SPEAKER_01: Thank you for being here, everybody.
• 46:54
  SPEAKER_01: Have a great rest of your day, and we'll see you next week on the Crest Report.
• 46:59
  SPEAKER_00: See you later.
• 47:00
  SPEAKER_00: You've been listening to the Crest Report, where markets meet reality, brought to you by Golden Crest Medals.
• 47:06
  SPEAKER_00: For your free portfolio review and free no obligation investor kit, plus up to$25,000 in free silver with qualified purchases.
• 47:14
  SPEAKER_00: Text the word report to M E T I L S.
• 47:18
  SPEAKER_00: That's report to 638-257.
• 47:22
  SPEAKER_00: Or call 888-991-6222.
• 47:25
  SPEAKER_00: Or visit Goldencrestmetals.com.
• 47:28
  SPEAKER_00: See you next week.