Latest / Man in America Podcast / They Just Tried to Kill Silver — Here’s Why It Won’t Work w/ Micah Haines

Transcript

They Just Tried to Kill Silver — Here’s Why It Won’t Work w/ Micah Haines · Man in America Podcast

• 0:14
  Speaker 1: Welcome to Man in America, a voice of reason in a world gone mad. I'm your host, Seth Hullhouse. So there is a lot of craziness happening in the world right now. Obviously, we have the situation happening over in Iran, but there's also been a lot happening with the banking and financial system. So we've seen warnings, how they're warning about Iranians, having cyber attacks against the banks in The United States.
• 0:40
  So you were having notifications coming out and saying, hey. Just be aware. There might be some cyber attacks happening, could cause some shutdowns in banking. Now that has an eerie reminiscence of what Klaus Schwab was talking about in the past couple of years, which I'll play the video in today's interview, when he was warning how a some sort of cyber attack or shutdown could cripple systems in ways that we far worse than what happened during COVID. Now, simultaneously, we've also had some strange things happening with the Fed, and some of their ACH payment systems have been down.
• 1:13
  So there's a lot of red flags with the financial system, what's really going on. And so joining me today is my good friend Micah Haines, who's from over at Noble Gold, great company. And Micah is just an incredible guy focused on financing industry. And so what we're gonna be talking about today are some of these things that were happening that we're witnessing happen with the the bigger global financial system, but we're also gonna be looking at what's happening with precious metals. The last interview I did with Micah was a little over a month ago, and that was right when we saw that huge crater in the, prices of gold and silver.
• 1:50
  It was a, you know, really a Black Monday. It was a bloodbath. We saw silver from go, from around a $120 an ounce down to around 70. I mean, it was complete insanity. So what we've seen since then is some stability, a new floor established, but a lot of other things are happening.
• 2:07
  Because at that time, maybe you recall or not, a lot people were saying, oh my gosh. Okay. Yeah. This exciting run of silver is coming to an end. It's gonna be crashing back down.
• 2:15
  It'll be at 50 before you know it, and, you know, 30 and $20. But there's some bigger things happening. And so one is that we've seen silver stabilize, but what's also happening simultaneously is that a lot of the banks are now adjusting their position on silver. They're increasing their long positions, meaning they're looking at silver gaining value over time, but even updating their price targets. And so even Bank of America recently came out with expectations of by the end of the year, silver getting to between $1.35 and $3.00 9 per ounce.
• 2:46
  So there's obviously some fishy stuff going on. We also had the COMEX basically shut down. The CME announced a halt in trading, which was very strange because this happened, earlier sorry, mid year last year, and we saw some crazy price activity after that. And so joining me is Micah Haines, a good friend of mine from over at Noble Gold area, where we're talking about what this means, what to expect for the future, his own take on this, and a lot more. So please enjoy this interview with Micah.
• 3:17
  Micah, man, it's good to have you back on the show. Our our first show ever we did about a month ago, and a lot has changed. So I think we're due for an update, but thanks for joining us, man. It's good to see you here.
• 3:28
  Speaker 2: Thanks for having me back on, Seth. And, yeah, what a day to be on. Like, one, I'm a huge fan. I was really nervous just to be on Man in America the first time, but then also markets were like, oh my gosh, what's happening? So it was a very nervy day for me.
• 3:40
  I look forward to updating everybody that's listening and a lot's happened. I think it's mostly very constructive. And of course, there's a lot of little things to cover too. So thanks for having me back on. Looking forward to it.
• 3:51
  Speaker 1: Yeah. Yeah. No. You're and you're right, too, because I remember that. That was when let's see.
• 3:56
  We've been looking at actually, I'll I'll pull up a I have this chart here. Right? So it's like our interview was right around this period right here. Right? Where silver was you know, it got up in, like, that, you know, $1.20 ish range.
• 4:11
  And then we saw it within a couple of days. It was down in, like, the seventies, and it was it was pretty diabolical, right, that that process. And it was, but, again, you know, we're seeing that right now silver's at, you know, $83 right now. And I remember seeing that, you know, when when silver came back down from that, you know, kinda around, like, around that January, I saw so many people there saying, oh, this is it. It's going it's going way back down.
• 4:38
  It's gonna go back down below 50. Maybe it's gonna go back to 20 again. And I remember thinking, okay. Well, obviously, I'm gonna wait and see. But I remember telling, like, my mom and some people who had asked me, like, this is, like, what do we do about this?
• 4:49
  What do do? It's like, okay, just look. Yeah. It's gonna find its new support level. You're gonna see it's gonna find its it's it's kinda new, kinda, okay.
• 4:57
  This is the new low of the kind of silver two point o, the new floor. Yeah. There you go. The new floor. And I say, it's a good thing if we see silver stay between 75 and, say, $90 for a a prolonged period of time because it's establishing that new floor.
• 5:13
  So, anyway, you're the expert, though, on this stuff. So we're gonna be know, in today's show, we're be talking about kind of some details on this precious metals market, what's happening, what you see happening, but also looking at just the banking system in general because we're seeing some, kinda, some funny business happening with, you know, kinda warnings of cyber attacks. The Federal Reserve's ACH payment system was down for a little bit. You know, things that seem to be kind of anomalies, but when you put them all together, you can paint a different picture. So, anyway, how about I'll let you jump in and just see because you're you're really on the ground with this.
• 5:47
  So where do you wanna jump in now?
• 5:48
  Speaker 2: Yeah. So I'll just kinda take it where you started, which is like, yeah, everyone was calling me in the days after our interview. One day, say, hey, congratulations for getting on, Seth. And I, you know, again, great opportunity to be able to inform my current clients who've been audience members of yours for many, many years. But, you know, is the market over?
• 6:05
  I'm seeing people say that's the top. You know, this is the 2011 moment where it gets to 50 and then crashes back down and it's done for 10. What I was saying to everybody is, look, bull markets make higher highs. We're still firmly in one. Structurally, we're in a massive bull market.
• 6:22
  The fundamentals support many, many years of having to have higher prices before the supply and demand imbalances that we know exist globally are resolved. So from a technical perspective, I think you and I have talked about the cup and handle in silver, like the fifty year cup and handle, which just for those who aren't familiar, like a cup and handle is a pattern that you can see on any price chart for any asset. It does kind of look like a little bit of a U with a little smaller U, which is the cup. When it makes its way out of the big U and then pops out of that sort of resistance level on the far side of the cup, you get a really explosive move in price. This can happen in anything that the pattern can be applied to any asset, any commodity, any stock.
• 7:07
  Yes. And so silver has the longest, oldest cup and handle formation of any asset on the planet. It goes all the way back to 1980 when 50 was hit for the first time. That's the one side of the cup. 2011, when it hit 50 again, that's the other side of the cup.
• 7:26
  And then we spent from 2011 until just October, just a few months ago, forming that big handle. You do not break out of a fifty year cup and handle formation for it to all be over in just a couple of months. So obviously, dollars 120 was a big number, a very significant high, dollars 70 up from the previous high, which was broken in October. 140% move in about ten weeks is really what we saw, which at the time everyone was loving it and making so much money. And again, that's not really the reason to own gold and silver, but of course, it's kind of the byproduct of being in the best asset and the safest asset ever is when everybody wants it.
• 8:08
  It's not a huge market. The price explodes higher. And I firmly believe that we will see a move that's as big either on a nominal basis, so we could have a $70 up move. We could see another 140% up move, or we could actually have a much more violent and bigger second leg once we break out. And I'll get to that in a second, Seth.
• 8:31
  But you're right, there's a lot of other little things going on. But really, what I want to encourage people is corrections are normal. Like I said this on our previous interview, for them to have a 38% correction in a single day, that is abnormal. This was a sigma, sorry, a 10, remind me, a 10 sigma event.
• 8:49
  Speaker 1: It's so crazy like that.
• 8:51
  Speaker 2: Yeah. Something so unnatural, you wouldn't see it in nature for like ten million years or something like that. And there's a lot of manipulation. We'll get into the CME halt, which is the freezing of trading silver, which happened last Wednesday, a week ago today, to keep it from breaking out. So there's still some manipulation to the extent that they can.
• 9:09
  Medium and long term, they can't hold the silver price back. We are in a absolutely massive bull market still. We have a long way to go. The fundamentals support that, the technical support that, the sentiment is being reset, which is actually a very bullish thing. Right?
• 9:25
  So when people are kind of uncertain and maybe a little bit skeptical about the fact that the bear market has any legs left, that's a very bullish sign. It's contrarian. Metric is emotions around investing. When everyone's super bullish like the January, it's actually kind of a signal of maybe a medium term top. When everyone's kind of hating on it and uncertain like right now, that's actually kind of a perfect setup for that next leg higher.
• 9:50
  So just catching up on that stuff. I think it looks really good. It was really constructive. We can get into some more technical price levels, but I'll just flip it back over to you. You know, does that does that make sense?
• 10:01
  Speaker 1: Yeah. It does, actually. It does. And, you know, as as as you know, so much of this is driven by greed and fear. Right?
• 10:08
  It's it's the, you know, the the index that literally show Emotions. Right?
• 10:12
  Speaker 2: Yes. Yes.
• 10:13
  Speaker 1: You're right, though. Because I I remember, you know, when it's funny because I saw a handful of people that I've been telling about silver for quite some time. Once it crossed over a $100, then they were like, okay. Maybe I'll buy now. Right?
• 10:25
  And it was this kinda interesting psychologically, the effect of that. But then I a couple of people that had bought silver on my advice at 98 or something like that, and then within a week or so, it dropped down a lot, and they're like, Oh my gosh, what's gonna happen? Is it gonna go back? Said, No, no, no, no, no. Just calm down, breathe out.
• 10:44
  It's okay. Exactly. Right? This is part Like, you have to blow off some of that steam. Right?
• 10:49
  You have to take some of that inertia and that momentum, kind of
• 10:52
  Speaker 2: Yep.
• 10:53
  Speaker 1: Let it exit the system, reset, and then it will carry on. But, you know, I'll let you respond to that before I jump my my next question.
• 11:00
  Speaker 2: Yeah. So, you know, like, when you have a ceiling, like 50 used to be, and we finally broke up above that, we were then in what I call like blue sky territory where you're, you know, you're just making new all time highs constantly, right? And we did move from 50 to 120 without ever really re testing any of
• 11:17
  Speaker 1: those big guys. Wasn't it? I remember they had It's like 9% gain, 10% gain, day after day, it was just kinda wild to watch that.
• 11:24
  Speaker 2: Exactly. And there were times or there were moments in February, like we got down to 65 a couple of times, and actually that was the low. So we broke out from 50 to 120, we went back to 65. We actually double bottomed at 65. I'm not ruling out the opportunity or the chance that we could have to triple bottom at 65, maybe sometime over the next week or two, I think that there's a chance, a smaller chance than I think that we just kind of resolve and get back up.
• 11:52
  But all these price levels that were not retested, what was previously a ceiling now needs to be tested as a floor. Fortunately, we haven't had to go back to test 50 as a floor. But even if we did, I wouldn't be afraid. If we then broke below and stayed below 50, okay, there would be some technical issues there, and there would be some red flags. So first, one of these interesting things is called the Giffen good, G I F F E N, Giffen good.
• 12:20
  And it's something that people don't want when the price is low. They only want it when the price is high. It's a psychological phenomenon, and there's a few other things that fall into the gift and good category. Usually, it's really cheap stuff like rice, during COVID when stuff like toilet paper and rice were just unavailable and the price was going up on them. As the price rose up, people wanted to hoard them more.
• 12:43
  So the idea that a Giffen good is essentially something that you don't really want when the price is low, but you want psychologically when the price is high, Silver fits into that category. I think it makes a lot of sense because honestly, a lot of the first time buyers were only really activating around the 110 plus range. It was really just that last week in February where we had a lot of new buyers. Most of the buying that happened between 50 and one 100 was just repeat business. I think I mentioned to you in our last interview that, and still even now, 70% of all of my sales going back the last three, four, five months are all repeat buyers.
• 13:25
  So the people who own it in the twenties and the thirties are buying it still at 80, 90, a 100, a 100 plus. So yeah. No. Go ahead. Go ahead.
• 13:34
  Speaker 1: Well, no. This is a comment on that because I think it's also interesting because right now, especially with this over this past weekend, right, we're we're now basically involved in another war in The Middle East. That creates a lot of instability. We saw
• 13:48
  Speaker 2: Yep.
• 13:48
  Speaker 1: In Mexico, right, one of the the key producers of silver, yeah, coming to silver mines in Mexico, we saw major disruptions from the cartel activity down there. And so and and and there's this there's so much more. I mean, it does feel like our world is teetering on, like, the edge of some sort of either oblivion or something. You know what I mean? And I think that, you know, these kinds of times, people tend to naturally seek safety.
• 14:16
  Right? Seek shelter in the storm.
• 14:19
  Speaker 2: They do. And that's actually maybe a little bit why this week is confusing some, because on Friday or sorry, Saturday morning, we had the attacks on on Iran. And, you know, everyone's saying over the weekend on X or Twitter saying, Watch The Open, gold and silver are going to absolutely explode alongside oil and other risk off assets. It's going go crazy. Well, what happened on Friday, were at $95 in silver.
• 14:45
  On Monday, silver shot down at almost $10 back to $88 $80 And so everyone's going, Why? And it's maybe a buy the news, sell the rumor type of event. I think the stuff that's happening right now in silver is more about the month of March being a big delivery month for the COMEX having to deliver metal and they want to kind of keep the price low while they have to fulfill and the obligations for delivery exist. I also think that it's a defense of technical breakout lines, right, like we've seen in the past. And something I wanted to bring up, if you don't mind, I think it just fits in the segues there for us to talk about what happened with the commodity exchange or the CME, the Chicago Mercantile Exchange, last Wednesday.
• 15:33
  So they halted trading of silver for about ninety minutes in the afternoon. Right as silver was coming up on, like 50 used to be a big floor, right now one of the big milestones between here and one hundred is 92 or was 92. And on Wednesday last week, we were coming right up under it as if we're gonna break through and then shoot through the mid nineties and maybe get to a 100. And what happened? Right as it's coming up under that price level, boom.
• 16:00
  Can't trade silver on the commodity exchange. Everyone's going like, How is that possible? Like the timing, the price level, there's no way that that's a coincidence. And I say, Absolutely not. It's a form of manipulation.
• 16:14
  We actually saw this in November as it was breaking out above the $54 level. So right before Thanksgiving sets, don't know if you remember this, I know we hadn't chatted around that time, but silver in October got to 54, and then it spent the month going back to the high 40s and consolidating there much like it is now. Right before Thanksgiving, I think it was the Wednesday night before, it went right under that 54 mark. What happened? Oh, there's a server issue.
• 16:48
  Boom. You couldn't trade silver again either for a whole evening. Well, that again, I think it reeks of manipulation, them trying to prevent it from getting through a technical price level where they know there are a lot of buyers and a lot of momentum that'll kind of get the price shot up from there. Well, what happened in November? They tried to pull this little move.
• 17:08
  It eventually did break out, and when it did, it went from 54 in December to 120 at the end of, so that's where we have a two month 100 plus percent return. I think we could be setting up for something very similar to that. All we need is for the kind of mid 90 level now to be cracked, and I think that's why they pulled the plug on the commodity exchange and the ability to trade silver at the exact same time, but just last week. So I don't know what your thoughts are, but this stuff just to me, they're no coincidence, Right? Especially at these kinda, like, key key levels.
• 17:44
  Speaker 1: Oh, exactly. Right? It it's like Yeah. It's like the ballots, you know, issues in 2020. Right?
• 17:51
  Like, okay. What is what is the chance that someone lost a flash drive or there's a water main break or these things that we have with the election. It's like, okay. There's there's obviously something suspicious going on there. When I saw the news too about about the CME halting, you know, trading, right, as we can hear, it's like, oh, okay.
• 18:08
  After a brief technical halt, there's probably, you know, blame it on some sort of glitch, right? It's like, Okay, where's your excuse at? Yeah. Right? So, due to a technical issue, right?
• 18:19
  Yeah. Yeah, trading was halted due to technical issue. Mister Burns gets on the phone or he's like, Smitters, halt the CME. You know what I mean?
• 18:29
  Speaker 2: Exactly. Exactly. You know that that meme of what's his name? The actor from the Truman Show where they're just, like, you know, court whatever the big kind of narrative or agenda item is next. It's like, halt the CME, and he's
• 18:45
  Speaker 1: gonna start the timer. Guy he he's Ed Harris. He's doing It's the
• 18:48
  Speaker 2: Ed it's the yes. It's the Ed Harris meme. Yeah. Yeah. So, anyway, I think it's just a matter of time.
• 18:55
  We will get back up above those key levels. They can do whatever they want to kind of keep it lower and prevent it. Then again, some of the stuff is good, just healthy resetting of price and sentiment and momentum. And like I said, no change to the medium and long term expectations for this market. But we unfortunately just have to deal with all the little games that are still being played.
• 19:18
  And you said this on our last interview, it's like, you know, the beast and the machine and the banking cartel that has for so long manipulated and suppressed and artificially contained the silver price, it's like a dying beast. It will continue to kind of fight and pull out all these little stops as much as it can up until the point that they can't. And so we saw what happens when they can't contain it. They were successful like maybe last week and maybe this week, but we will again get into the next phase where they just can't hold it back. And that's why they're also really long.
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• 21:22
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• 21:26
  Speaker 2: JPMorgan and BofA are buying a ton of silver from the commodity exchange and taking delivery on it. I think it's tomorrow. Right? The delivery dates for March were earlier in the month, this month. So I think that explains why they're just keeping it down so that those ounces can be bought low, and and then they're gonna go ultra long.
• 21:44
  And when the banks are net long, you know, watch out.
• 21:48
  Speaker 1: Exactly. Well, what's also interesting is that coming off of this crash, which it was, mean, it was a bloodbath, right, when we saw what happened to precious metals, like, you know, going back to the, is that that chart here. Right? I mean, this is
• 22:01
  Speaker 2: Never seen anything like it. I've been around for ten years in this space, and I've no one's ever seen a 38% drop in one day in any market ever.
• 22:11
  Speaker 1: Let alone.
• 22:12
  Speaker 2: You know?
• 22:12
  Speaker 1: It's exactly. Looking at, say, January 29, 01/14 an ounce. January 30, 78. Like, that's, like, that's but I but I kinda take that as, again, like, them trying to smash it down, trying their best to keep it down. The same the CME halt, the same thing, trying their best.
• 22:35
  But what you can see, though, is that it's like watching someone trying to cover a hole that has water coming out of it. And it's like, there's so much water coming out. It's like they can squeeze this all that might hold it for a little bit, but as soon as they they move a hand to itch their face, more water comes out. And then before you know, there's another crack, another hole, itch exactly. And so, but what's also kinda interesting with this at the same time is that, like, I I do just I have this sense that there's some pretty big things happening with the financial system overall.
• 23:10
  And I think that for people who've been following along with this, it's like we we know there's some sort of reset coming. Right? It's you look at the the unsustainable debt the government has. You look at the money printing. You look at all these different indicators, the AI bubble.
• 23:24
  I mean, it's just there's it's like you get you give a list. It's like it's like Santa's list. You know what mean? It's this huge list of everything that's pointing to the financial system is stressed so far beyond what it should be able to handle. And so I'm seeing this other indicators of this, like this was kind of strange, I'll pull this up, let me see if I can find here.
• 23:46
  This was just on March 3. This, you know, the Federal Reserve, they come out and say the Federal Reserve is experiencing a service disruption delaying ACH payments across the entire US banking system. Alright, so here's someone that shared a screenshot, from Capital One, their account saying, the Federal Reserve is experiencing issues with certain transactions. We are closely monitoring the situation. This to me, it's like it smells really, really bad.
• 24:15
  Like, there's like, what's really going on here?
• 24:18
  Speaker 2: Oh, yeah. Whatever. It smells bad. It looks bad. It feels bad.
• 24:21
  It probably is bad, but they don't want to cause panic. And and you've seen these reports too, Seth, since the weekend that, like, an imminent cyber attack that could, you know, really just target the plumbing of the financial system or the stock market and stuff like that is highly likely. Look, I think at some point we very likely will end up with a cyber attack. It could be financial, it could actually be infrastructure based. Who knows?
• 24:46
  You remember the World Economic Forum report from a couple of years ago that basically said, like, you know, we should expect like massive outages and cyber attacks and the grid to go down. It's like that, what's it called, predictive programming? Oh, You know, they're planting the seed and they kind of tell you a little bit about what's going to happen or what they're going to in advance, which, of course, we know is kind of the way that they do things. Those paying attention, they'll tell you what's up. And for those who ignore, it's like, Hey, that's on you if you didn't take us seriously and listen to what we were trying to tell you.
• 25:15
  So will we have something like that? Don't know. I think the chances are pretty good. When, though, is kind of always the biggest question. You know, we heard a lot of that in 2022 when the whole Russia Ukraine thing started to pop off because we were siding with Ukraine and there's all this stuff going on that we should expect Russian cyber attacks.
• 25:33
  And there may have even been some, none that I can remember personally, but I think this stuff all just kind of rings a vat. Not to mention that you're right, the debt, the liquidity issues, I think there are lot of banks that are overleveraged. I think there are lot of banks that were losing a lot of money on the silver shorts, and now they're probably short covering and going long and all those things. But I think we're going to see, and I don't mean this to sound alarmist or sensationalistic, but I think we're going to see some really crazy stuff in 2026. I think it could be as soon as this spring.
• 26:06
  But it could also be maybe this summer when people least expect it or not really paying attention, right, when people are kind of out and trying to enjoy the weather and whatever. But going back, and I've been here at Noble Gold like six years now and investing in metals for ten or so, like something always happens in March. So last March, it was the well, was sorry, it was Liberation Day. It was actually April. Okay, so last March was a little bit different, but Liberation Day, markets crashed, metals crashed.
• 26:36
  There was all like, you know, the whole tariff thing flushed the flush markets. But going back to 2024, it's ringing a bell. '23 was the banking crisis, the Silicon Valley Bank that moved up. The March before that was Ukraine in 2022. The February March before that was Silver Squeeze one point zero.
• 26:57
  And then, of course, we know before it was COVID. So almost every year going back to 2020, there's something that happens that's crazy in the spring. And we'll never know what it is. We'll never have a heads up. Maybe they'll throw some little breadcrumbs our way to try to pick up on.
• 27:12
  The point of what I'm saying, Seth, is that you need to be prepared regardless all the time. So I think you and I are the same, both preppers, both homesteaders. You've to have your gold and silver. You have to have your barter bowl, gold and silver your physical on hand. You've got to have your larger retirement account and physical as well because if the bank's lights get turned off, so do your ability to access your account.
• 27:36
  It's not tangible. It's just ink on a page or digits on a screen. I don't really trust that, and I'm encouraging people to take the proactive measures all the time to gab some at home. That's the insurance box. And then have the bigger part of your retirement accounts and your net worth, like the long term stuff locked and loaded in physical metals as well.
• 27:57
  Because we don't want to live in fear every day like, oh, something could happen. But if I sleep a lot better at night knowing that I have food, I have water, I have gold and silver, I have guns and ammo, we're somewhat self sufficient. So everybody needs to have their own boxes ticked off. I just think that like, gold and silver are probably a key part of that. Alright.
• 28:16
  Good people are still mostly mostly missing. I think still the minority of people are not invested in this stuff.
• 28:21
  Speaker 1: Oh, I I agree. I I I think I found the Claus Schwab video just a minute. I think this is this is it right here. Let let's see.
• 28:27
  Speaker 2: Oh, yeah. Let's watch it, please.
• 28:30
  Speaker 1: Pronounced. We all know, but still pay insufficient attention to the frightening scenario of a comprehensive cyber attack, which would bring to a complete halt to the power supply, transportation, hospital services, our society as a whole. The COVID-nineteen crisis would be seen in this respect as a small disturbance in comparison to a major cyber attack. I swear this guy could be he's like the perfect villain.
• 29:13
  Speaker 2: Darth, I know. Exactly. A real life Bond villain, Darth Claus, you know, whatever you wanna call him. But he's since been, like, replaced, I think. Right?
• 29:21
  Isn't it? I think don't know if it's Soros' son or George Soros' son or
• 29:25
  Speaker 1: something who was that was kinda stepping in, and he had some health issues, and but it's just like, yeah, you can see it though. It's like that they they're they're telling us. Right? And, again, no one knows when. I mean, remember thinking even three or four years ago, gosh, this is any day now.
• 29:40
  Right? This kind of stuff is happening. But I also think that there's been some, whether it's them or whether it's something else, some sort of force that has kept things together longer. You know, going back to the earlier thing we're talking about, it does feel like the country and just the world in general is on the edge of something. And then you look at what's happening here with Iran, you look at, you know, them warning about, hey, you know, we're worried that there's gonna be, banking cyber attacks, Iranian banking cyber attacks, which it's the perfect cover story.
• 30:10
  You know what I mean? Because it could be that they're getting they're they're, like, you know, close to ruling out their CBDC, and they need to completely destroy any faith in the banking system. And so they might it might be, you know, Klaus Schwab himself, right, who presses the button. And all of a sudden, it's like, oh my goodness. There's a banking cyber attack.
• 30:28
  And it's the Iranians. Right? They're they're it's it's retaliation for the bombing. So, I mean, it's like but you can see the things are moving into that digital arena. I mean, even like, I did a show, I think it was, you know, a day or so ago about this with the AI stuff and with Anthropic and ChatGTPT and how our government our Pentagon was using this AI, you know, technology to bomb Iran.
• 30:53
  And all of a sudden, now Iran is bombing all these Amazon Web Services, these AWS server farms over there.
• 31:01
  Speaker 2: I see that.
• 31:01
  Speaker 1: Right? So it's just like, man, it's it's really interesting that they're actually attacking the physical infrastructure needed for the digital weapons. And so it just seemed that there's a lot of stuff accelerating.
• 31:12
  Speaker 2: And we had something like that not six months ago, if I'm not mistaken, Seth. It was like one of the Amazon servers that are used for, like, almost everyone's phone lines, everything, and then you had Verizon that went down, I'm pretty sure, for a couple of days back in the fall. You said something really interesting, though, which is we always thought a couple of years ago, I remember going out and buying, I don't know, a whole year's worth of my Patriot Supply for my family of five. I was like, this
• 31:44
  Speaker 1: Oh, is happening
• 31:45
  Speaker 2: yeah. Yeah. We're we're we're ready to roll. But you're right. Like, it seems so imminent then, and then it's like kind of been delayed.
• 31:53
  I think it's been delayed. And look at the trends since then, like literally since 2022. What's been going on is all these countries and all these billionaires and all these other big banks and kind of elitists and insiders, they're just buying gold like crazy. They probably come to the realization, we don't have enough of this stuff. Please don't hit that red button.
• 32:11
  You know, Klaus, don't hit the red button yet because we are not prepared. We need more gold. We need more silver. We need more strategic assets. We need more oil.
• 32:18
  We need oil to be cheaper. We need to fill up the SBIR. We need to, you know, all this stuff. And I think it we will still see something, but maybe not until next year, maybe not until after midterms.
• 32:28
  Speaker 1: It's it's hard to say.
• 32:28
  Speaker 2: Mean Who knows?
• 32:30
  Speaker 1: It's you know, you you talk about you buying all that food. I'm not kidding you. I say this, Micah. I'm still using the toilet paper that I bought in 2021. Like Yes.
• 32:39
  I I remember, like, around that time, we bought so much of everything. Right? And I'm I'm not kidding. I I'm still literally using the toilet paper that I bought at Costco in 2021. Like, that's how much toilet paper we bought.
• 32:51
  I I've had to buy toilet paper in a long time.
• 32:54
  Speaker 2: You're the reason I had to invest in a bidet.
• 32:57
  Speaker 1: We bought a bidet also.
• 32:59
  Speaker 2: I'm kidding.
• 32:59
  Speaker 1: Right?
• 33:00
  Speaker 2: Oh, yeah. Get it. Yeah. The bidet is
• 33:02
  Speaker 1: great. Oh, man. I I tell you what. Yeah, it's crazy. It's not in every single home in America.
• 33:08
  But yeah, that's just like, that's the thing is that, like, I'm not throwing away anything, right? Even our food, you know, I'm eating, you know, I'm eating cans of beans that are two years past the expiry date, but they're fine. Right? Just like Oh, yeah. Doesn't
• 33:20
  Speaker 2: matter. For sure. Yeah. My my my wife was like, why do we have all this spam? No.
• 33:26
  Who the hell are you still eating spam? And I was like, we are. It's gonna be better than nothing. And cocktail weenies and Anyway, those are fun times. Don't miss that stuff.
• 33:37
  And actually, was so traumatic for those of us who didn't get vaccinated and couldn't do all this stuff that I kind of blank it out. It's almost like it never happened. It's like such a traumatic period of time that it's like, oh, yeah. I, like, I don't even think about it every day. But at the time, yeah, I felt like an absolute prisoner.
• 33:55
  Like, it was horrible. Like, oh.
• 33:58
  Speaker 1: Yeah. I mean, even going back to all the mask mandates. And I refused them all the time too, but it it, like, it was just awkward. Right?
• 34:06
  Speaker 2: Right. The kids in school and all this stuff, like, totally brutal.
• 34:09
  Speaker 1: It was. But that's that's what they're capable of. You know, man? I I think that COVID was a a trial run for what they're capable of doing. And so yeah.
• 34:17
  So you're kinda jumping back into, you know, just metals is that yeah. I I just I had this feel this sense. But what's interesting is that even after all this volatility that we've seen in everyone you know, not everyone, but a lot of people come out and saying, oh, look, see, it's it's gonna go back below 50, etcetera. Even amidst all that, the the banks have recently updated their projections. Right?
• 34:37
  So I got one thing here, and you you're familiar with with, some other banks, right here. Right? So this was this recently came out that Bank of America, projects silver could reach up to $3.00 9 per ounce. Wait, no. This was yeah, this is from February 28.
• 34:54
  So this is this is the recent one I've saved. That, yeah, they're saying by by the 2026, it could be it's not like they're saying it could be between 50 and $1.35. Right?
• 35:04
  Speaker 2: No. It's reality.
• 35:05
  Speaker 1: It's a reality. $1.35 to $3.00 9. But what else are you seeing in terms of how the banks are looking at this?
• 35:12
  Speaker 2: Yeah. So I just did a kind of a report here for, like, all the new gold updates. So UBS, Deutsche Bank, BofA, JPMorgan, their gold targets, I hadn't seen that silver one, so thank you for bringing it up, but everyone's gold targets are 62 to 65 kind of plus. Now, what I'll say is, you know, having been in this space for quite some time, the banks are extremely conservative generally with any kind of market expectation setting. So for them to say $6,200 in gold means that's like more likely a floor than a top.
• 35:47
  Like, it's not where they think it's going. It's where they think it'll like, there's no chance it ends up under that. And I think with silver, it's the same thing because they're trying to use the same model for expectation setting. I think they're right. Like my targets personally are something around 200 to $300 for silver, and I think I'd like to share my analysis.
• 36:08
  Those aren't just numbers I'm picking out of a hat so I can share the technical kind of roadmap for how we can get there. And I do think we will. But yeah, I'm really excited because when a bank gets that bullish, it means that it actually has the potential to go even higher because they just generally set the bar extremely low because big regulated institutions that can't have these kind of pie in the sky numbers. They have to be actually based on legitimate and concrete projections. So that just gets me really going.
• 36:38
  Speaker 1: Yeah. Well, I guess, you know, give us a little bit of your your data. Right? What what backs up? It's one thing to see a tweet about Bank of America and say, hey.
• 36:48
  This is where it's going. That's my new number that I'm I'm gonna talk about. But I know that you're very technical, right? So with your analysis, what leads you to that place?
• 36:57
  Speaker 2: For sure. So I look at it from, you know, two things that I would use as kind of like, you know, giving me a range. Let's look back at what happened in the fall. So what I call leg one of what I think will be two or three this year or maybe two this year and one into the next, we will have a repeat of the first leg. And that was that move from $50 to $120 So that's a $70 gap, basically.
• 37:27
  So it's a measured move. It's $70 per ounce. That's what we added in the last run. The most conservative way of me being able to look at what happens in the next leg, which won't be engaged and won't be activated until we really do break 120. So like 50 previously, 120 now is the all time high.
• 37:46
  We have to get through that to have what would be considered a technical breakout. And when we do have a technical breakout, it may not happen on the first go around. It might take two or three cracks, right? You can get to 120, and then it falls back to 100, and it gets to 120, and it falls back to 110. And then finally on the triple top or whatever it is, maybe it gets through on that third time.
• 38:07
  When we have enough momentum and it's a decisive breakthrough and we actually have a technical breakout, my minimum expectation is that we could see another $70 move nominally per ounce, which would put us into the 190 ish range. So let's say conservatively 180 to 200 is what I think we could expect. But the other way of looking at it is we should have at least the same measured move on a percentage basis, which is 130, 140%, right? $50 to $120 is 140% move. So I think we could have 140% move, but from $120 would put us into the $280 range.
• 38:49
  And so my $200 to $300 is kind of, again, it's a fairly broad target, but on the conservative level, you could be in 190 to 200. If we do just a repeat of the nominal percentage gain, then it could be 140% move. But what my actual thoughts are, and I say this without any kind of crystal ball, but what my gut tells me in having, again, investing in this space and being very, very attentive to all the details. And what I think is happening that no one's expecting, except for maybe a couple of other analysts that I really like, is we'll have a bigger, faster move than that one we had. So the ten week, 140% jump, I think we could see that or higher in eight weeks or less.
• 39:30
  And I think it happens as soon as we crack, again, 120 with style. So I think, again, we were at 95 just on Friday. Now we're back at 83. We maybe need the next two weeks still to kind of just consolidate in the mid to high 80s and get up above that 95 mark. But how many days did we see where it's up $5.06, $7, right?
• 39:55
  Like almost 10%. We several of them in that first big leg. I think we'll have many of them in the second one. And so it won't take much for us to go from 95 to 100 plus and then from 100 plus to 120. And all we need to do is break up above there and close-up above there.
• 40:15
  And again, with the sentiment being weaker and with all of the technicals like relative strength index RSI and all that stuff, it's no longer overbought now. It's actually like we're almost oversold here. Just these things suggest to me that when we get up above that line in the sand of 01/2020, and I think it's a thing for March, maybe early April, That part we don't know, but I don't think any of us are really too worried about the timescale because we're investing in, at least what I do with 80% of my net worth, physical metal, right? So it has no expiry, there's no options, contracts, there's no margin call that's coming. There's nothing to be worried about.
• 40:53
  You should look at this as, first and foremost, safety and performance combined. But when we get to that 120 level and break up above that, whether it's this month or next month, I think we'll see a very strong shoot into that 200 to $300 range. And then we maybe have another scary squiggle like we just had, right? Maybe at that point it pulls back to 150 and goes sideways through the summer or the fall before having, like I said, think it's gonna be another third, even bigger leg, but we'll just see how that goes.
• 41:27
  Speaker 1: And just kind of reflecting on this because it's, you know, if we were talking about Apple stock, right, or Nvidia or whatever, even if it had the same numbers and the same movement, I'd be like, this is just so boring. I don't like this. Right? And, you know, part of it is because I think the stock market's rigged like beyond belief and that's it's a whole different But it's just like, to me, it's, you know, silver is, especially silver right now, as much gold because I'm gonna focus on silver because the opportunity I think is greater because of the ratio between the two. But it's like, it's exciting because, you know, I could have bought this bar, you know, this is 10 ounces, this would have been say $300 a year ago.
• 42:13
  Right? Now it's a thousand bucks.
• 42:18
  Speaker 2: Know mean? 900,000 Exactly.
• 42:21
  Speaker 1: So that's cool. Right? That's a good feeling. But it's also just that, you know, if the things that we're talking about, right? So say there's a cyber attack on the banking system, say the fed something happens to the Federal Reserve, like and that's the you know, this is the real reason.
• 42:34
  Like, I I don't buy silver because I'm looking at it in a speculative way or I'm like, I'm buying it because I wanna make money off of it. It's great that it keeps going up and but, you know, I'll keep buying it. But for me, it's it's like I have this the same reason why I have rice and toilet paper. Right? Because Yep.
• 42:52
  It's just it's such a solid asset that, you know, I say, like, for instance, you know, we were neighbors, and you've got a four wheeler that I need. Right? Like, I can walk over to you, and I can hand you a handful of this stuff and trade you for that four wheeler without the government even knowing about it. Right? And that's the thing that I really like well, they know about now because we're talking about it and they're listening to us, of course.
• 43:13
  And you're running it through AI, and you guys got flagged on the AI system as, like, potential threats, again.
• 43:19
  Speaker 2: I have paid I have paid for things in silver. So I've used it as a farmer's market kind of as an experiment with my kids last summer. So we went to a farmer's market. I had a handful of coins and we just picked up some produce. Funny enough, I tried to find like an old white guy.
• 43:33
  Yeah. And just said, hey, here you go. You want to deal with them.
• 43:37
  Speaker 1: Done. Right.
• 43:37
  Speaker 2: Done. Yeah. That's exactly it. But I had my office and my house painted, I did most of the cost of the contract for painting it in silver. And I've got this little magnetic kind of red light therapy kind of sauna mat thing that I lay down on, and it's really cool, but I actually bought it for a kilo of silver years ago.
• 44:00
  The only problem with it is, and this is why I don't like the idea of treating it as money right now, that I traded it on a kind of $1,000 per kilo kind of basis, right? The mat was $1,000 a kilo was $1,000 Well, now I'm like, this is a depreciating good. It's maybe worth half if I sold it, and that kilo has since tripled in value. And the guy who's got it now, he's laughing. I also did a and I'm sorry with all these anecdotes, but they're just funny.
• 44:26
  I tipped my hunting guide when one of my colleagues, Jake Bell, who's fantastic. One of our best guys too, him and I did a guided hunt in Idaho where he lives, and we told the guides, You guys can each have an ounce of gold or $2,000 cash, right? Because they're not cheap trips, but you're expected to tip, and that's how these guys kind of make their money. They're doing a great job in the bush for you. The end of the week when we tipped them, was no question about it.
• 44:59
  They were taking the gold because we had talked to them so much. But this is a few years ago at $1,800 $2,000 gold, and it's now like almost $6. So again, they won't forget us anytime soon. They're still hanging on to that. It's almost tripled.
• 45:10
  So you're right. There's so many different contexts and situations that it can get you out of and help you in, and it's a really cool way to be able to do business. So it's awesome. I think, you know, I'm excited about where things are going. Yeah, you don't want to count on this as like a speculative place.
• 45:27
  Like I said, it's the safest, and primarily they're a defensive asset, but they're also the best performing asset classes of the last two years, better than anything. Better than tech, better than AI, better than Bitcoin, better than any crypto, better than oil and gas, better than anything. They are the best performing asset classes the last couple of years, and they will continue to be for many, many more because of their, defensive and and and safe nature. Right? They're time tested.
• 45:52
  They're thousands of years old. They make it through every cycle no matter what,
• 45:55
  Speaker 1: The only way that I would be kind of, I guess, say bearish on silver right now is if the world was really peaceful. If the economy was booming, if there was no war, if everything was just going really well, I'd maybe at that point, I'd say, okay, well, maybe I'll start diversifying a little bit more outside of it. But that's the other thing too, that it's like when when the world's on fire, like, is this is to me, like, this is what you wanna have. Right? When there's instability, when there's, you know, wars and rumors of wars, all the various threats that we have, that's typically what you see.
• 46:33
  Right? You know, the capital rotation, people kinda exiting the the paper and the number game and getting into the physical game. Right? And so that's yeah. That's, like, to me, that's that's key with all of this.
• 46:44
  Speaker 2: Right. And I'll I'll remind your viewers, and I do this with everyone that I can I can tell because it's kinda hard to believe the the the stats is, like, 70% of all American wealth is still in stocks at like the most expensive overpriced stock market of all time? It's crazy, And all the gold and all the silver and all the mining shares and all the silver ETFs and all the paper gold and silver, all of that combined is still only half of 1%. And so we will get to a three to 5% total allocation to everything metals before the cycle is up. Think it could be as high as 10.
• 47:17
  Even I think it was Morgan Stanley from a few months ago who said like the new gold allocation should be 20. Well, for us to go from 05% to 20% implies a 40 fold move in the amount of money that's in this space. There just wouldn't be any gold and silver left, I think, before. So my expectation of 3% to 5% total allocation from 05% still implies a six to 10 times move in the amount of money that's in this space, which would suggest a six to 10 times move in the potential gold and silver price still yet over the next several years. So the thing about that, the problem is that most people won't get out of stock until they've lost 20%, 30%, 40%, 50% plus, and again, I don't expect much between now and midterms, but I think we could be setting up for something bad next year.
• 48:00
  Why would you wait? Because even if you can get silver now, or at these prices, assuming they stay here and they don't go up, which I think that they will, assuming gold and silver prices stay here, you're gonna have less capital to work with to be able to buy it. So you're actually gonna have the double edged sword of having less money in your retirement account or
• 48:19
  Speaker 1: less money
• 48:20
  Speaker 2: account and much higher. And I had this happen the other day, a lady who bought 200,000 in silver years ago and then did another 50,000 just this last month or so. And she said, how did I get so much less this time than last time? I said, Well, not only was it a quarter of the amount, but you're buying it at triple the price, right? It's just, you know, getting 6,500 ounces for $200, and now you're only getting, 500 ounces or something like that.
• 48:48
  Right? It's just such a big difference. So don't wait for that. Rotate capital proactively on your own to protect you and your family. And there's one other funny thing one of my colleagues, Josh, said the other day, which is like the first ounce of silver for most people won't be bought until it is $300.
• 49:06
  K? So we've had a lot of, you know, action, a lot of sales, and set a lot of records these last few months at Noble Gold. Like, I had a record December, January, and February. I've never sold that much in those in those months, respectively, because they're generally pretty slow with the holidays and New Year. Record breaking months, but still it's regular customers who've been with us for years that are still buying.
• 49:28
  It's not a trade. Like the whole Giffengood psychological element, it's true. Most people won't activate until it's in that $203,100 dollars range. And I think that's what gives it legs to go much higher. There's, of course, a lot of analysts out there saying that $500 plus silver and $20,000 gold could be a thing.
• 49:44
  And I believe that longer term. But I'm focused on really just the next few weeks and months ahead, just very interesting times. It's like every day is kind of a Super Bowl, I'm just watching that big arm wrestling match between the bankers and, you know, the paper silver and the physical silver and how that's all going to settle out. So I just appreciate the opportunity, Seth, for us to be able to catch up on all these things. And of course, it's moving quickly.
• 50:10
  And if you want to have me back on or have any other questions, happy to, to tackle them and to come back on again.
• 50:16
  Speaker 1: No, it's great, I appreciate you doing this too. And what's also really good is that, you know, people can reach out to you directly. Well, they can call in and they can talk to you. But I know that a lot of people are, you know, they watch this interview, and even if they have questions, regardless of whether they want to buy something, right? They can actually talk to you and say, Hey, okay, look, I'm on the fence with this, my wife's not really on board with this, but let me ask you a few questions.
• 50:41
  I've got this IRA here, I've got a four zero one ks here, I got this money over here. And like, you know, for free, you'll sit there and talk to this, right? Because you're obsessed with this, right?
• 50:51
  Speaker 2: Yeah, yeah. And I just call it the kitchen table conference call. Let's have one. You know, we're just going to lay it all out. I'm here to guide you, you know, much like a hunting guide helps me put that thing on the wall.
• 51:02
  I got to help you just figure out the landscape and know where the opportunities lie, it's always up to you to determine if it's the right fit. I have many clients who have come from your show or through your show through the years, right, five and six years now, who are actually some of my best. They're some of the most informed and enlightened and just kind of smart and knowledgeable about all the stuff that's actually going on, that's thanks to you. But also, anyone can call and ask for me. And the last one that I did, which was my first, I had a lot of calls, I'm happy to say that they are now clients just as of the last month or so.
• 51:37
  And yeah, people can call and ask for me. We don't beat you up. If you call in, we just respect that you might be gathering information or just looking to have your questions answered. There's no pressure on our side if you want to buy now or in six months or in a year. There's sweat.
• 51:52
  But I would say, and this isn't to create a false sense of urgency, we're still in a bit of a sweet spot, right? Like if you'd bought at the January at 120, I would have told you there's a long way to go. To be able to buy in the 80s now, To go from 80 to 120, that's a 50% move. You could be up almost 50% between now and that time that we will break out above 01/2020. Right?
• 52:14
  And when the breakout of 01/2020 happens, we talked about, that's what propels us into the 200 plus ish range, but there's still a lot of money to be made just before the breakout happens. But most people won't pile in until the breakout does occur again psychologically. If it's down, they don't want it. It's just the nature of commodity. And so give me a call.
• 52:34
  Me or any of my colleagues, we're all investors. We're not salespeople. We are obsessed with this stuff. We're obsessed with helping you. And, look forward to being able to have this conversation again.
• 52:42
  Seth, thank you.
• 52:43
  Speaker 1: It's it's great, man. So the, the website people can go to is, goldwithseth.com. It's really easy, goldwithseth.com. It's also in the description. You can fill out the form you see here, and someone will contact you, and you'll get a wealth kit with that, or you just get a phone, call them in.
• 53:01
  Right? It's (877) 646-5347. And, again, the phone number and and the information is in the the description of the show. But, yeah, you know, when you call in or you you talk or whatever, just say, hey. Can I talk to Micah?
• 53:15
  I want to talk to Micah. And I know you're a busy guy, so it might take a little bit of time to schedule in to get that set up. But, that's what I love is that people can just they can call in, they can talk to you, ask you their questions, their worries, their fears, their hopes, their dreams, tell you what what they're having for dinner that night if they want to. Right? You'll be there.
• 53:33
  Yeah, you're easy to talk to. And, yeah. So it's great, man. Well, thank you so much for coming on. And I think at a minimum, we should do, like, a monthly update like this.
• 53:42
  You know? I think, obviously, if there's groundbreaking things happening, but just it feels good because, like, you know, it's been a month or so. Actually, a little more than a month perhaps, but it's just nice to kinda go, okay. Where are we at now? What's happened since we last had a had a show together?
• 53:56
  Because a lot of my audience, they you know, they've thankfully, and and for myself, I feel okay about it. And for them too, like, you know, they've they've been buying since like, I've been recommending this since it was $17 an hour, saying, look, people, like, just just, you know, like, it's not financial advice. I'm not a financial adviser, but this is what I'm doing. And it it just feels good to know that I'm I'm helping people. And I'm sure you have the same sentiment when someone calls in, like, hey, Micah, what's my portfolio at now?
• 54:22
  And you're like, Oh, wow, you're It's at like, that's great.
• 54:25
  Speaker 2: And to your point, I actually tell my clients who've been with me for years, and a lot of the time I hear from them once or twice a year because they're making their contributions or their, you know, their R and D time or they're just making a little bit of an additional purchase. They're adding to the stack and dollar cost averaging. But I tell them now, call me at least every month just for a quick check-in. And what's helpful and I appreciate so much is that this platform actually allows me to send your interview to all of my clients to say, Hey, these are my latest thoughts. Here's my latest interview.
• 54:56
  This is kind of a framing of where we're at without me having to spend an hour with like 1,000 plus people, all my clients. So it's easy for me to do that. But we should have these more regular chats, especially because in the next few, like I said, weeks, months and quarters, this is where the juice is going to be, the big, huge moves. So because what's that saying? It's like there's decades where nothing happens, then there's weeks where decades happen.
• 55:21
  And it's like we're already seeing that. So let's check it as often as you'd like. You just let me know. I'm available to you and your guests anytime you'd like. And of course, in between, please call and I'll be happy to help anybody.
• 55:33
  Speaker 1: Awesome. Well, Micah, thanks again, It's always good talking to you. Looking forward to next time.
• 55:36
  Speaker 2: Thanks. Seth, you too, man. Thank you so much.
• 55:38
  Speaker 1: Thank you.