{"version":"1.0.0","segments":[{"speaker":"Average Joe Finances","startTime":0.089,"endTime":1.499,"body":"Hey,"},{"speaker":"Average Joe Finances","startTime":0.089,"endTime":1.499,"body":"welcome back to the Average Joe"},{"speaker":"Average Joe Finances","startTime":1.499,"endTime":3.089,"body":"Finances podcast, everybody."},{"speaker":"Average Joe Finances","startTime":3.089,"endTime":7.169,"body":"I'm your host, Mike Cavaggioni, and"},{"speaker":"Average Joe Finances","startTime":3.089,"endTime":7.169,"body":"today's guest is Louis O'Connor."},{"speaker":"Average Joe Finances","startTime":7.419,"endTime":11.889,"body":"Louis, I'm super excited to have this"},{"speaker":"Average Joe Finances","startTime":7.419,"endTime":11.889,"body":"conversation with you, especially cuz you"},{"speaker":"Average Joe Finances","startTime":11.889,"endTime":16.594,"body":"are calling in all the way from Ireland"},{"speaker":"Average Joe Finances","startTime":11.889,"endTime":16.594,"body":"right now and here I am in the middle"},{"speaker":"Average Joe Finances","startTime":16.594,"endTime":19.274,"body":"of the Pacific, so huge time difference."},{"speaker":"Average Joe Finances","startTime":19.274,"endTime":23.809,"body":"I think what, 13 or 11, somewhere"},{"speaker":"Average Joe Finances","startTime":19.274,"endTime":23.809,"body":"between 11 or 13 hours, I"},{"speaker":"Average Joe Finances","startTime":23.809,"endTime":25.409,"body":"think between us right now."},{"speaker":"Average Joe Finances","startTime":25.409,"endTime":27.299,"body":"Really excited so thanks"},{"speaker":"Average Joe Finances","startTime":25.409,"endTime":27.299,"body":"for joining me today."},{"speaker":"Louis O'Conner","startTime":28.229,"endTime":28.949,"body":"Thank you, Mike."},{"speaker":"Louis O'Conner","startTime":29.039,"endTime":30.299,"body":"A pleasure to be here with you."},{"speaker":"Louis O'Conner","startTime":30.299,"endTime":34.079,"body":"Yeah, I'm temporary in Ireland and,"},{"speaker":"Louis O'Conner","startTime":30.299,"endTime":34.079,"body":"technology is just great, isn't it?"},{"speaker":"Average Joe Finances","startTime":34.644,"endTime":35.994,"body":"Technology is great."},{"speaker":"Average Joe Finances","startTime":35.994,"endTime":38.924,"body":"It's one of the beautiful things"},{"speaker":"Average Joe Finances","startTime":35.994,"endTime":38.924,"body":"that we have right now that,  that we"},{"speaker":"Average Joe Finances","startTime":38.924,"endTime":42.615,"body":"can actually have this conversation"},{"speaker":"Average Joe Finances","startTime":38.924,"endTime":42.615,"body":"from thousands and thousands of"},{"speaker":"Average Joe Finances","startTime":42.62,"endTime":44.384,"body":"miles away, absolutely amazing."},{"speaker":"Average Joe Finances","startTime":44.664,"endTime":47.934,"body":"Louis, I'd like to start this off"},{"speaker":"Average Joe Finances","startTime":44.664,"endTime":47.934,"body":"and ask you the same question I ask"},{"speaker":"Average Joe Finances","startTime":47.934,"endTime":49.464,"body":"everybody that comes on this show."},{"speaker":"Average Joe Finances","startTime":49.854,"endTime":51.564,"body":"And we wanna know more about you."},{"speaker":"Average Joe Finances","startTime":51.564,"endTime":55.734,"body":"We wanna know who you are, what"},{"speaker":"Average Joe Finances","startTime":51.564,"endTime":55.734,"body":"you do, why you do what you do."},{"speaker":"Average Joe Finances","startTime":55.734,"endTime":58.984,"body":"So if you could share with"},{"speaker":"Average Joe Finances","startTime":55.734,"endTime":58.984,"body":"us who is Louis O'Conner'."},{"speaker":"Louis O'Conner","startTime":59.969,"endTime":63.889,"body":"So Louis O'Connor"},{"speaker":"Louis O'Conner","startTime":59.969,"endTime":63.889,"body":"is Irish, born in Dublin."},{"speaker":"Louis O'Conner","startTime":64.399,"endTime":66.949,"body":"Spent some time in Germany, career wise."},{"speaker":"Louis O'Conner","startTime":67.009,"endTime":72.589,"body":"Lived in Germany for 10 years and then"},{"speaker":"Louis O'Conner","startTime":67.009,"endTime":72.589,"body":"spent about 15 years in Latin America."},{"speaker":"Louis O'Conner","startTime":73.159,"endTime":74.959,"body":"I worked in property and real estate."},{"speaker":"Louis O'Conner","startTime":75.599,"endTime":80.069,"body":"Had my own little tour company where"},{"speaker":"Louis O'Conner","startTime":75.599,"endTime":80.069,"body":"I was bringing mostly North Americans,"},{"speaker":"Louis O'Conner","startTime":80.899,"endTime":83.659,"body":"Canadians, U.S., around Panama."},{"speaker":"Louis O'Conner","startTime":84.684,"endTime":88.004,"body":"Nicaragua and then"},{"speaker":"Louis O'Conner","startTime":84.684,"endTime":88.004,"body":"Columbia later on as well."},{"speaker":"Louis O'Conner","startTime":88.374,"endTime":93.664,"body":"And I just returned back to Europe,"},{"speaker":"Louis O'Conner","startTime":88.374,"endTime":93.664,"body":"two years ago for this business."},{"speaker":"Louis O'Conner","startTime":93.669,"endTime":99.104,"body":"We're about to talk about, I first"},{"speaker":"Louis O'Conner","startTime":93.669,"endTime":99.104,"body":"came across it in 2017 from as an"},{"speaker":"Louis O'Conner","startTime":99.104,"endTime":102.914,"body":"investor because as not as a business,"},{"speaker":"Louis O'Conner","startTime":99.104,"endTime":102.914,"body":"but as something I was interested"},{"speaker":"Louis O'Conner","startTime":103.304,"endTime":107.189,"body":"in investing in and liked it so"},{"speaker":"Louis O'Conner","startTime":103.304,"endTime":107.189,"body":"much, I thought I would like to get"},{"speaker":"Louis O'Conner","startTime":107.189,"endTime":109.206,"body":"involved as  business partner as well."},{"speaker":"Average Joe Finances","startTime":109.256,"endTime":109.466,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":109.466,"endTime":110.426,"body":"That's fantastic."},{"speaker":"Average Joe Finances","startTime":110.426,"endTime":112.431,"body":"Louis you have kind of"},{"speaker":"Average Joe Finances","startTime":110.426,"endTime":112.431,"body":"run the gamut, right?"},{"speaker":"Average Joe Finances","startTime":112.431,"endTime":113.721,"body":"You've lived all over the world."},{"speaker":"Average Joe Finances","startTime":113.771,"endTime":117.581,"body":"So you went from, you were born in"},{"speaker":"Average Joe Finances","startTime":113.771,"endTime":117.581,"body":"Dublin, moved to Germany, right?"},{"speaker":"Average Joe Finances","startTime":117.731,"endTime":121.001,"body":"You lived there for a while, then"},{"speaker":"Average Joe Finances","startTime":117.731,"endTime":121.001,"body":"you spent 15 years in South America,"},{"speaker":"Average Joe Finances","startTime":121.661,"endTime":123.851,"body":"and while you were there, you said"},{"speaker":"Average Joe Finances","startTime":121.661,"endTime":123.851,"body":"you were doing real estate and"},{"speaker":"Average Joe Finances","startTime":123.851,"endTime":125.651,"body":"you had your own Touro business."},{"speaker":"Average Joe Finances","startTime":125.651,"endTime":128.131,"body":"So you, were you doing like rental"},{"speaker":"Average Joe Finances","startTime":125.651,"endTime":128.131,"body":"cars or what was that all about?."},{"speaker":"Louis O'Conner","startTime":128.577,"endTime":132.306,"body":"It was basically"},{"speaker":"Louis O'Conner","startTime":128.577,"endTime":132.306,"body":"called, Panama Retirement Tours."},{"speaker":"Louis O'Conner","startTime":132.396,"endTime":137.026,"body":"And it's still gone and I might even get"},{"speaker":"Louis O'Conner","startTime":132.396,"endTime":137.026,"body":"back, and I'm still a resident of Panama."},{"speaker":"Louis O'Conner","startTime":137.236,"endTime":139.846,"body":"My wife is Mexican, but"},{"speaker":"Louis O'Conner","startTime":137.236,"endTime":139.846,"body":"she grew up in Panama."},{"speaker":"Louis O'Conner","startTime":140.266,"endTime":144.166,"body":"So we're in Ireland at the moment,"},{"speaker":"Louis O'Conner","startTime":140.266,"endTime":144.166,"body":"but I suppose you could say I'm a"},{"speaker":"Louis O'Conner","startTime":144.166,"endTime":146.476,"body":"bit of a nomad, bit of a libertarian."},{"speaker":"Louis O'Conner","startTime":147.071,"endTime":150.151,"body":"And I suppose there's no holy grail, Mike."},{"speaker":"Louis O'Conner","startTime":150.151,"endTime":153.136,"body":"You know yourself  as"},{"speaker":"Louis O'Conner","startTime":150.151,"endTime":153.136,"body":"a 20 years in the Navy."},{"speaker":"Louis O'Conner","startTime":153.136,"endTime":155.186,"body":"You've seen a lot of the world."},{"speaker":"Louis O'Conner","startTime":155.736,"endTime":160.476,"body":"There's no Shangri La like each country,"},{"speaker":"Louis O'Conner","startTime":155.736,"endTime":160.476,"body":"America has fantastic things going for it."},{"speaker":"Louis O'Conner","startTime":161.016,"endTime":161.976,"body":"So does Ireland."},{"speaker":"Louis O'Conner","startTime":161.981,"endTime":166.116,"body":"So does Panama, but there's not"},{"speaker":"Louis O'Conner","startTime":161.981,"endTime":166.116,"body":"one that really tick all the boxes."},{"speaker":"Louis O'Conner","startTime":166.166,"endTime":168.956,"body":"What I learned is, if you can't find"},{"speaker":"Louis O'Conner","startTime":166.166,"endTime":168.956,"body":"it all in one place, why don't do"},{"speaker":"Louis O'Conner","startTime":168.956,"endTime":172.736,"body":"your banking in where the banking"},{"speaker":"Louis O'Conner","startTime":168.956,"endTime":172.736,"body":"is best and do your business where"},{"speaker":"Louis O'Conner","startTime":172.736,"endTime":176.006,"body":"the business works best and have"},{"speaker":"Louis O'Conner","startTime":172.736,"endTime":176.006,"body":"your residency where so yeah."},{"speaker":"Louis O'Conner","startTime":176.036,"endTime":179.176,"body":"That's pretty much what I gathered"},{"speaker":"Louis O'Conner","startTime":176.036,"endTime":179.176,"body":"or learned over the years is try and"},{"speaker":"Louis O'Conner","startTime":179.176,"endTime":184.031,"body":"diversify everything you do, your banking,"},{"speaker":"Louis O'Conner","startTime":179.176,"endTime":184.031,"body":"your business, your residencies, your"},{"speaker":"Louis O'Conner","startTime":184.031,"endTime":187.081,"body":"passport, so I guess you're getting"},{"speaker":"Louis O'Conner","startTime":184.031,"endTime":187.081,"body":"to know 'em, a bit of a libertarian."},{"speaker":"Average Joe Finances","startTime":188.381,"endTime":188.681,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":188.681,"endTime":189.671,"body":"No,  that's wonderful."},{"speaker":"Average Joe Finances","startTime":189.671,"endTime":193.546,"body":"So it's  not only diversify what"},{"speaker":"Average Joe Finances","startTime":189.671,"endTime":193.546,"body":"you invest in, but diversify"},{"speaker":"Average Joe Finances","startTime":193.546,"endTime":195.196,"body":"just life in general, right?"},{"speaker":"Average Joe Finances","startTime":195.196,"endTime":198.556,"body":"So you get to experience, the things"},{"speaker":"Average Joe Finances","startTime":195.196,"endTime":198.556,"body":"that you've gotten, that you've"},{"speaker":"Average Joe Finances","startTime":198.556,"endTime":199.696,"body":"been able to experience, right?"},{"speaker":"Average Joe Finances","startTime":199.696,"endTime":201.633,"body":"You're more of like a"},{"speaker":"Average Joe Finances","startTime":199.696,"endTime":201.633,"body":"world citizen, right?"},{"speaker":"Average Joe Finances","startTime":201.64,"endTime":203.924,"body":"Not tied down to any one particular area."},{"speaker":"Average Joe Finances","startTime":204.194,"endTime":208.846,"body":"You can go do what you wanna do,"},{"speaker":"Average Joe Finances","startTime":204.194,"endTime":208.846,"body":"but you're able to do that, I think,"},{"speaker":"Average Joe Finances","startTime":208.846,"endTime":212.096,"body":"because of the things that you've done"},{"speaker":"Average Joe Finances","startTime":208.846,"endTime":212.096,"body":"in your past by building businesses"},{"speaker":"Average Joe Finances","startTime":212.101,"endTime":213.986,"body":"and investing in different things."},{"speaker":"Average Joe Finances","startTime":214.033,"endTime":217.899,"body":"So one of the things I wanna talk about"},{"speaker":"Average Joe Finances","startTime":214.033,"endTime":217.899,"body":"is what you're currently doing right now."},{"speaker":"Average Joe Finances","startTime":217.899,"endTime":219.391,"body":"So I know you were doing real estate."},{"speaker":"Average Joe Finances","startTime":219.415,"endTime":223.557,"body":"You've got the tour business"},{"speaker":"Average Joe Finances","startTime":219.415,"endTime":223.557,"body":"down in Panama, but now you're"},{"speaker":"Average Joe Finances","startTime":223.557,"endTime":226.707,"body":"focused more on doing something"},{"speaker":"Average Joe Finances","startTime":223.557,"endTime":226.707,"body":"with precious metals, right?"},{"speaker":"Average Joe Finances","startTime":226.712,"endTime":227.757,"body":"And rare earth metals."},{"speaker":"Average Joe Finances","startTime":227.802,"endTime":229.627,"body":"So I'd like to talk"},{"speaker":"Average Joe Finances","startTime":227.802,"endTime":229.627,"body":"about that a little bit."},{"speaker":"Average Joe Finances","startTime":229.627,"endTime":231.435,"body":"So what are you doing"},{"speaker":"Average Joe Finances","startTime":229.627,"endTime":231.435,"body":"in that space right now?"},{"speaker":"Louis O'Conner","startTime":231.955,"endTime":234.571,"body":"Okay it's mostly"},{"speaker":"Louis O'Conner","startTime":231.955,"endTime":234.571,"body":"rare earth metals although we do"},{"speaker":"Louis O'Conner","startTime":234.571,"endTime":236.281,"body":"offer precious metals as well."},{"speaker":"Louis O'Conner","startTime":236.281,"endTime":240.626,"body":"But what attracted me, if you will, to"},{"speaker":"Louis O'Conner","startTime":236.281,"endTime":240.626,"body":"this opportunity was for the first time"},{"speaker":"Louis O'Conner","startTime":240.626,"endTime":245.657,"body":"I know this is since 2010, but it's"},{"speaker":"Louis O'Conner","startTime":240.626,"endTime":245.657,"body":"still a relatively new asset class."},{"speaker":"Louis O'Conner","startTime":245.657,"endTime":247.367,"body":"It's only been around for 12 years."},{"speaker":"Louis O'Conner","startTime":247.727,"endTime":248.447,"body":"So for the first."},{"speaker":"Louis O'Conner","startTime":249.632,"endTime":253.566,"body":"Private investors you don't not,"},{"speaker":"Louis O'Conner","startTime":249.632,"endTime":253.566,"body":"you don't have to be institutional"},{"speaker":"Louis O'Conner","startTime":253.566,"endTime":254.886,"body":"or you don't have to be accredited."},{"speaker":"Louis O'Conner","startTime":254.941,"endTime":257.452,"body":"Our minimum investment is $10,000."},{"speaker":"Louis O'Conner","startTime":257.902,"endTime":261.876,"body":"But private investors can buy"},{"speaker":"Louis O'Conner","startTime":257.902,"endTime":261.876,"body":"rare earth metals and store them."},{"speaker":"Louis O'Conner","startTime":261.881,"endTime":266.586,"body":"Just same paradigm actually as gold and"},{"speaker":"Louis O'Conner","startTime":261.881,"endTime":266.586,"body":"silver, except the rare earths have a"},{"speaker":"Louis O'Conner","startTime":266.586,"endTime":272.146,"body":"sort of an in intrinsic value, whereas"},{"speaker":"Louis O'Conner","startTime":266.586,"endTime":272.146,"body":"gold and silver has the most part, an"},{"speaker":"Louis O'Conner","startTime":272.146,"endTime":276.711,"body":"extrinsic sort of a perceived value, and"},{"speaker":"Louis O'Conner","startTime":272.146,"endTime":276.711,"body":"that sort of, I got excited about that"},{"speaker":"Louis O'Conner","startTime":276.711,"endTime":281.081,"body":"because, where, let me, So there's one"},{"speaker":"Louis O'Conner","startTime":276.711,"endTime":281.081,"body":"way to explain as well, Mike, is where"},{"speaker":"Louis O'Conner","startTime":281.086,"endTime":284.411,"body":"earths are, a lot of people call them"},{"speaker":"Louis O'Conner","startTime":281.086,"endTime":284.411,"body":"the technology metals or even the green"},{"speaker":"Louis O'Conner","startTime":284.416,"endTime":286.721,"body":"metals because of solar power, wind power."},{"speaker":"Louis O'Conner","startTime":287.111,"endTime":290.306,"body":"So essentially what they are"},{"speaker":"Louis O'Conner","startTime":287.111,"endTime":290.306,"body":"is they're the raw materials in"},{"speaker":"Louis O'Conner","startTime":290.306,"endTime":292.916,"body":"how we conduct our daily lives."},{"speaker":"Louis O'Conner","startTime":292.954,"endTime":294.304,"body":"I have my smartphone here."},{"speaker":"Louis O'Conner","startTime":294.894,"endTime":298.637,"body":"Because of India, one of the metals we"},{"speaker":"Louis O'Conner","startTime":294.894,"endTime":298.637,"body":"offer, you can swipe on a phone, there's"},{"speaker":"Louis O'Conner","startTime":298.637,"endTime":300.857,"body":"about 12 rare earths in one smartphone."},{"speaker":"Louis O'Conner","startTime":300.857,"endTime":303.197,"body":"They're in the devices"},{"speaker":"Louis O'Conner","startTime":300.857,"endTime":303.197,"body":"we're using right now."},{"speaker":"Louis O'Conner","startTime":303.202,"endTime":304.697,"body":"They're into speakers, actually."},{"speaker":"Louis O'Conner","startTime":304.697,"endTime":309.156,"body":"The magnets in the speakers, but"},{"speaker":"Louis O'Conner","startTime":304.697,"endTime":309.156,"body":"they're also, critically needed for."},{"speaker":"Louis O'Conner","startTime":309.183,"endTime":315.213,"body":"Super magnet powerful magnets in electric"},{"speaker":"Louis O'Conner","startTime":309.183,"endTime":315.213,"body":"cars, in wind turbines, in solar aviation,"},{"speaker":"Louis O'Conner","startTime":315.653,"endTime":321.304,"body":"military applications, shields for nuclear"},{"speaker":"Louis O'Conner","startTime":315.653,"endTime":321.304,"body":"reactors, medical devices semiconductors,"},{"speaker":"Louis O'Conner","startTime":321.304,"endTime":323.164,"body":"computer, you name it, they're in it."},{"speaker":"Louis O'Conner","startTime":323.764,"endTime":329.374,"body":"But previously investors didn't have"},{"speaker":"Louis O'Conner","startTime":323.764,"endTime":329.374,"body":"an avenue to buy them and store them."},{"speaker":"Louis O'Conner","startTime":330.034,"endTime":334.654,"body":"And the reason for that is because"},{"speaker":"Louis O'Conner","startTime":330.034,"endTime":334.654,"body":"the only end buyer for these"},{"speaker":"Louis O'Conner","startTime":334.654,"endTime":336.844,"body":"products are industry buyers."},{"speaker":"Louis O'Conner","startTime":336.844,"endTime":341.654,"body":"So I came across an industry"},{"speaker":"Louis O'Conner","startTime":336.844,"endTime":341.654,"body":"buyer from Germany back in 2017."},{"speaker":"Louis O'Conner","startTime":342.184,"endTime":346.894,"body":"My first interest was as an ambassador,"},{"speaker":"Louis O'Conner","startTime":342.184,"endTime":346.894,"body":"did my due diligence, went to Germany,"},{"speaker":"Louis O'Conner","startTime":346.899,"endTime":351.044,"body":"went to see the vault where they store"},{"speaker":"Louis O'Conner","startTime":346.899,"endTime":351.044,"body":"them in Frankfurt, and realized that,"},{"speaker":"Louis O'Conner","startTime":351.044,"endTime":352.984,"body":"these guys are in business 30 years."},{"speaker":"Louis O'Conner","startTime":352.984,"endTime":355.458,"body":"They're a bonafide industry supplier."},{"speaker":"Louis O'Conner","startTime":355.481,"endTime":360.924,"body":"What we do primarily, like 80% of"},{"speaker":"Louis O'Conner","startTime":355.481,"endTime":360.924,"body":"what we do on a daily basis is we buy"},{"speaker":"Louis O'Conner","startTime":360.924,"endTime":365.634,"body":"these materials mostly from China,"},{"speaker":"Louis O'Conner","startTime":360.924,"endTime":365.634,"body":"because China is the dominant market"},{"speaker":"Louis O'Conner","startTime":365.634,"endTime":370.764,"body":"leader in rare earths, and then"},{"speaker":"Louis O'Conner","startTime":365.634,"endTime":370.764,"body":"we resell them to industry buyers."},{"speaker":"Louis O'Conner","startTime":370.764,"endTime":374.184,"body":"So we've clients in more than 70"},{"speaker":"Louis O'Conner","startTime":370.764,"endTime":374.184,"body":"countries that buy these metals."},{"speaker":"Louis O'Conner","startTime":374.184,"endTime":380.469,"body":"So that's primarily what we do.And"},{"speaker":"Louis O'Conner","startTime":374.184,"endTime":380.469,"body":"if it wasn't for that, we couldn't"},{"speaker":"Louis O'Conner","startTime":380.469,"endTime":386.289,"body":"offer the investment side because"},{"speaker":"Louis O'Conner","startTime":380.469,"endTime":386.289,"body":"we have access to producers and"},{"speaker":"Louis O'Conner","startTime":386.289,"endTime":388.266,"body":"we have access to the buyers."},{"speaker":"Louis O'Conner","startTime":388.656,"endTime":392.608,"body":"So 12 years ago we bought a"},{"speaker":"Louis O'Conner","startTime":388.656,"endTime":392.608,"body":"vault, it used to be a bunker"},{"speaker":"Louis O'Conner","startTime":392.608,"endTime":394.198,"body":"in World War II in Frankfurt."},{"speaker":"Louis O'Conner","startTime":394.588,"endTime":398.328,"body":"Two levels below the ground,"},{"speaker":"Louis O'Conner","startTime":394.588,"endTime":398.328,"body":"converted it to a, it's a fully"},{"speaker":"Louis O'Conner","startTime":398.328,"endTime":402.894,"body":"insured, bonded duty free zone"},{"speaker":"Louis O'Conner","startTime":398.328,"endTime":402.894,"body":"with, bank level security and stuff."},{"speaker":"Louis O'Conner","startTime":403.704,"endTime":408.037,"body":"And since then we've been offering"},{"speaker":"Louis O'Conner","startTime":403.704,"endTime":408.037,"body":"this mostly in Europe it hasn't been"},{"speaker":"Louis O'Conner","startTime":408.037,"endTime":413.128,"body":"exclusive, but you would've, we have"},{"speaker":"Louis O'Conner","startTime":408.037,"endTime":413.128,"body":"about, we already had about 200 US"},{"speaker":"Louis O'Conner","startTime":413.128,"endTime":417.674,"body":"clients before we started to actively"},{"speaker":"Louis O'Conner","startTime":413.128,"endTime":417.674,"body":"market in the us but you would've taken"},{"speaker":"Louis O'Conner","startTime":417.674,"endTime":419.204,"body":"a great deal of effort to find us."},{"speaker":"Louis O'Conner","startTime":419.232,"endTime":420.418,"body":"So yeah, that's basically it."},{"speaker":"Average Joe Finances","startTime":420.826,"endTime":423.242,"body":"Yeah, Louis so I"},{"speaker":"Average Joe Finances","startTime":420.826,"endTime":423.242,"body":"was writing some things down as you were"},{"speaker":"Average Joe Finances","startTime":423.242,"endTime":427.589,"body":"talking, and when you think about these"},{"speaker":"Average Joe Finances","startTime":423.242,"endTime":427.589,"body":"rare earth metals, like you said looking"},{"speaker":"Average Joe Finances","startTime":427.594,"endTime":429.252,"body":"at them as like the tech metals, right?"},{"speaker":"Average Joe Finances","startTime":429.268,"endTime":431.13,"body":"I have solar panels on my house, right?"},{"speaker":"Average Joe Finances","startTime":431.158,"endTime":435.175,"body":"I have a smartphone, my laptop that"},{"speaker":"Average Joe Finances","startTime":431.158,"endTime":435.175,"body":"I'm talking to you through right"},{"speaker":"Average Joe Finances","startTime":435.175,"endTime":439.542,"body":"now, the camera, my microphone, my"},{"speaker":"Average Joe Finances","startTime":435.175,"endTime":439.542,"body":"headphones, you don't realize how many"},{"speaker":"Average Joe Finances","startTime":439.662,"endTime":444.252,"body":"rare earth metals you have in these"},{"speaker":"Average Joe Finances","startTime":439.662,"endTime":444.252,"body":"pieces of technology that you use."},{"speaker":"Average Joe Finances","startTime":444.322,"endTime":446.842,"body":"And when you're talking about"},{"speaker":"Average Joe Finances","startTime":444.322,"endTime":446.842,"body":"the intrinsic value of that"},{"speaker":"Average Joe Finances","startTime":446.842,"endTime":450.622,"body":"versus the extrinsic value of"},{"speaker":"Average Joe Finances","startTime":446.842,"endTime":450.622,"body":"like precious metals, right?"},{"speaker":"Average Joe Finances","startTime":450.772,"endTime":454.249,"body":"Where that's a value that, that"},{"speaker":"Average Joe Finances","startTime":450.772,"endTime":454.249,"body":"basically for those it's what we"},{"speaker":"Average Joe Finances","startTime":454.249,"endTime":455.989,"body":"believe it or perceive it to be."},{"speaker":"Average Joe Finances","startTime":456.169,"endTime":458.179,"body":"And anything is really valued that way."},{"speaker":"Average Joe Finances","startTime":458.179,"endTime":462.603,"body":"But when it comes to these metals,"},{"speaker":"Average Joe Finances","startTime":458.179,"endTime":462.603,"body":"These rare earth metals that are used in"},{"speaker":"Average Joe Finances","startTime":462.603,"endTime":467.133,"body":"technology, there's a supply and demand"},{"speaker":"Average Joe Finances","startTime":462.603,"endTime":467.133,"body":"value that comes with that as well."},{"speaker":"Average Joe Finances","startTime":467.133,"endTime":471.123,"body":"And that's one of the things that, that"},{"speaker":"Average Joe Finances","startTime":467.133,"endTime":471.123,"body":"makes it so much, more of a tangible"},{"speaker":"Average Joe Finances","startTime":471.183,"endTime":475.35,"body":"asset versus some of these other,"},{"speaker":"Average Joe Finances","startTime":471.183,"endTime":475.35,"body":"precious metals that, that people just"},{"speaker":"Average Joe Finances","startTime":475.35,"endTime":477.21,"body":"like it cuz it looks fancy, right?"},{"speaker":"Average Joe Finances","startTime":477.319,"endTime":480.417,"body":"There is, this is something that is"},{"speaker":"Average Joe Finances","startTime":477.319,"endTime":480.417,"body":"tangible, that is used and if you"},{"speaker":"Average Joe Finances","startTime":480.417,"endTime":485.524,"body":"look at the market today, And you look"},{"speaker":"Average Joe Finances","startTime":480.417,"endTime":485.524,"body":"at what's blowing up right now, like"},{"speaker":"Average Joe Finances","startTime":485.524,"endTime":487.594,"body":"the EV market and things like that."},{"speaker":"Average Joe Finances","startTime":487.685,"endTime":490.993,"body":"They need a lot of these precious"},{"speaker":"Average Joe Finances","startTime":487.685,"endTime":490.993,"body":"metals, I'm sorry these rare earth"},{"speaker":"Average Joe Finances","startTime":490.993,"endTime":495.673,"body":"metals to make these vehicles, to"},{"speaker":"Average Joe Finances","startTime":490.993,"endTime":495.673,"body":"make the batteries to, like you"},{"speaker":"Average Joe Finances","startTime":495.673,"endTime":497.383,"body":"said, the magnets that go into them."},{"speaker":"Average Joe Finances","startTime":497.447,"endTime":500.851,"body":"So that's huge and when you were"},{"speaker":"Average Joe Finances","startTime":497.447,"endTime":500.851,"body":"talking about how the larger"},{"speaker":"Average Joe Finances","startTime":501.341,"endTime":503.384,"body":"industry had a monopoly on this."},{"speaker":"Average Joe Finances","startTime":503.384,"endTime":507.741,"body":"There was no, there was nowhere for the"},{"speaker":"Average Joe Finances","startTime":503.384,"endTime":507.741,"body":"little guy, Like the Average Joe, to"},{"speaker":"Average Joe Finances","startTime":507.741,"endTime":509.781,"body":"get involved in something like this."},{"speaker":"Average Joe Finances","startTime":509.781,"endTime":514.183,"body":"But now you have a business where you're"},{"speaker":"Average Joe Finances","startTime":509.781,"endTime":514.183,"body":"essentially kinda like wholesaling"},{"speaker":"Average Joe Finances","startTime":514.303,"endTime":518.654,"body":"the the rare earth metals to these"},{"speaker":"Average Joe Finances","startTime":514.303,"endTime":518.654,"body":"larger industries and letting the"},{"speaker":"Average Joe Finances","startTime":518.654,"endTime":522.734,"body":"average person get in there and"},{"speaker":"Average Joe Finances","startTime":518.654,"endTime":522.734,"body":"get a piece of this pie as well."},{"speaker":"Average Joe Finances","startTime":522.828,"endTime":526.064,"body":"So I, that's one of the things I wanted"},{"speaker":"Average Joe Finances","startTime":522.828,"endTime":526.064,"body":"to point out here for, especially for my"},{"speaker":"Average Joe Finances","startTime":526.064,"endTime":527.624,"body":"real estate investors that listen to this."},{"speaker":"Average Joe Finances","startTime":527.624,"endTime":529.664,"body":"You guys know what"},{"speaker":"Average Joe Finances","startTime":527.624,"endTime":529.664,"body":"wholesaling real estate is?"},{"speaker":"Average Joe Finances","startTime":529.964,"endTime":534.774,"body":"This is it to me looks like a way to"},{"speaker":"Average Joe Finances","startTime":529.964,"endTime":534.774,"body":"wholesale, rare earth metals to these."},{"speaker":"Average Joe Finances","startTime":536.024,"endTime":536.744,"body":"Industry buyers."},{"speaker":"Average Joe Finances","startTime":536.765,"endTime":538.223,"body":"So I think that's very interesting."},{"speaker":"Average Joe Finances","startTime":538.473,"endTime":540.892,"body":"And then also to have that"},{"speaker":"Average Joe Finances","startTime":538.473,"endTime":540.892,"body":"out there in Frankfurt."},{"speaker":"Average Joe Finances","startTime":540.892,"endTime":541.912,"body":"I've been to Frankfurt before."},{"speaker":"Average Joe Finances","startTime":541.912,"endTime":544.132,"body":"I flew in there when I"},{"speaker":"Average Joe Finances","startTime":541.912,"endTime":544.132,"body":"was coming back from Iraq."},{"speaker":"Average Joe Finances","startTime":544.215,"endTime":546.636,"body":"And I know that there's, there"},{"speaker":"Average Joe Finances","startTime":544.215,"endTime":546.636,"body":"was a whole bunch of different"},{"speaker":"Average Joe Finances","startTime":546.636,"endTime":548.286,"body":"bunkers and stuff in that area."},{"speaker":"Average Joe Finances","startTime":548.318,"endTime":551.973,"body":"So you looks like you were able to lock"},{"speaker":"Average Joe Finances","startTime":548.318,"endTime":551.973,"body":"in a really good spot to, to have as"},{"speaker":"Average Joe Finances","startTime":551.998,"endTime":555.286,"body":"you're, where you're storing everything"},{"speaker":"Average Joe Finances","startTime":551.998,"endTime":555.286,"body":"obviously gonna have a lot of space."},{"speaker":"Average Joe Finances","startTime":555.351,"endTime":559.801,"body":"So as you're buying these these rare"},{"speaker":"Average Joe Finances","startTime":555.351,"endTime":559.801,"body":"earth metals from China do they get"},{"speaker":"Average Joe Finances","startTime":559.806,"endTime":563.466,"body":"shipped in over there and then you"},{"speaker":"Average Joe Finances","startTime":559.806,"endTime":563.466,"body":"transport them to where you store them?"},{"speaker":"Average Joe Finances","startTime":563.916,"endTime":567.419,"body":"Or do you start distributing"},{"speaker":"Average Joe Finances","startTime":563.916,"endTime":567.419,"body":"it right away to your buyers?"},{"speaker":"Average Joe Finances","startTime":567.419,"endTime":569.459,"body":"Or does it depend on the actual demand?"},{"speaker":"Louis O'Conner","startTime":570.609,"endTime":573.148,"body":"Yeah, actually you"},{"speaker":"Louis O'Conner","startTime":570.609,"endTime":573.148,"body":"pretty much nailed it there, Mike."},{"speaker":"Louis O'Conner","startTime":573.192,"endTime":574.722,"body":"That's pretty much what we do."},{"speaker":"Louis O'Conner","startTime":574.722,"endTime":580.382,"body":"We were able to invite private investors,"},{"speaker":"Louis O'Conner","startTime":574.722,"endTime":580.382,"body":"private citizens for the first time"},{"speaker":"Louis O'Conner","startTime":580.382,"endTime":585.852,"body":"to participate in this industry"},{"speaker":"Louis O'Conner","startTime":580.382,"endTime":585.852,"body":"because we are an industry buyer."},{"speaker":"Louis O'Conner","startTime":585.87,"endTime":588.048,"body":"Now look, it's a sort of"},{"speaker":"Louis O'Conner","startTime":585.87,"endTime":588.048,"body":"a partnership with us."},{"speaker":"Louis O'Conner","startTime":588.048,"endTime":591.531,"body":"We make some money, obviously"},{"speaker":"Louis O'Conner","startTime":588.048,"endTime":591.531,"body":"we make a profit as well, but"},{"speaker":"Louis O'Conner","startTime":591.531,"endTime":594.201,"body":"when you probably a bit later,"},{"speaker":"Louis O'Conner","startTime":591.531,"endTime":594.201,"body":"we get into some of the numbers."},{"speaker":"Louis O'Conner","startTime":594.251,"endTime":597.273,"body":"When you have a look at the returns,"},{"speaker":"Louis O'Conner","startTime":594.251,"endTime":597.273,"body":"you'll see, they're very healthy, But"},{"speaker":"Louis O'Conner","startTime":597.273,"endTime":602.853,"body":"yet our storage facility in Frankfurt"},{"speaker":"Louis O'Conner","startTime":597.273,"endTime":602.853,"body":"now has 200 metric tons of rare"},{"speaker":"Louis O'Conner","startTime":602.853,"endTime":605.433,"body":"Earths, which is over 200,000 kilos."},{"speaker":"Louis O'Conner","startTime":605.943,"endTime":610.143,"body":"It's the largest inventory of rare earths"},{"speaker":"Louis O'Conner","startTime":605.943,"endTime":610.143,"body":"anywhere in the world outside of China."},{"speaker":"Louis O'Conner","startTime":611.013,"endTime":613.349,"body":"And everything you"},{"speaker":"Louis O'Conner","startTime":611.013,"endTime":613.349,"body":"mentioned there, all three."},{"speaker":"Louis O'Conner","startTime":613.373,"endTime":618.573,"body":"For example, if an investor buys"},{"speaker":"Louis O'Conner","startTime":613.373,"endTime":618.573,"body":"metal, let's say this week, we close"},{"speaker":"Louis O'Conner","startTime":618.573,"endTime":622.703,"body":"a deal this week, it'll take about"},{"speaker":"Louis O'Conner","startTime":618.573,"endTime":622.703,"body":"30 days for their raw materials"},{"speaker":"Louis O'Conner","startTime":622.703,"endTime":624.333,"body":"to come between four to six weeks."},{"speaker":"Louis O'Conner","startTime":624.693,"endTime":628.235,"body":"Once they come, then we assign them"},{"speaker":"Louis O'Conner","startTime":624.693,"endTime":628.235,"body":"to the vault because the investors,"},{"speaker":"Louis O'Conner","startTime":628.24,"endTime":630.575,"body":"obviously that's where they want"},{"speaker":"Louis O'Conner","startTime":628.24,"endTime":630.575,"body":"to keep them and store them."},{"speaker":"Louis O'Conner","startTime":631.265,"endTime":635.455,"body":"But in all of that inventory,"},{"speaker":"Louis O'Conner","startTime":631.265,"endTime":635.455,"body":"less than 20% is investor owned."},{"speaker":"Louis O'Conner","startTime":635.455,"endTime":638.645,"body":"The rest of the, most of the"},{"speaker":"Louis O'Conner","startTime":635.455,"endTime":638.645,"body":"rest of the inventory is ours."},{"speaker":"Louis O'Conner","startTime":638.945,"endTime":640.78,"body":"That we're selling on a daily basis."},{"speaker":"Louis O'Conner","startTime":641.05,"endTime":644.71,"body":"Some of it is actually some"},{"speaker":"Louis O'Conner","startTime":641.05,"endTime":644.71,"body":"industry buyers themselves."},{"speaker":"Louis O'Conner","startTime":645.01,"endTime":647.5,"body":"They don't have a need for all the"},{"speaker":"Louis O'Conner","startTime":645.01,"endTime":647.5,"body":"metals they've ordered right away, and"},{"speaker":"Louis O'Conner","startTime":647.5,"endTime":652.62,"body":"they store them with us because some"},{"speaker":"Louis O'Conner","startTime":647.5,"endTime":652.62,"body":"of them are in metal form, but some of"},{"speaker":"Louis O'Conner","startTime":652.625,"endTime":656.91,"body":"them are oxides, which are a powdered"},{"speaker":"Louis O'Conner","startTime":652.625,"endTime":656.91,"body":"form, and they need certain conditions"},{"speaker":"Louis O'Conner","startTime":656.91,"endTime":658.64,"body":"if they're not stored correctly."},{"speaker":"Louis O'Conner","startTime":658.64,"endTime":661.31,"body":"Over say long periods of time,"},{"speaker":"Louis O'Conner","startTime":658.64,"endTime":661.31,"body":"they can lose their purity level."},{"speaker":"Louis O'Conner","startTime":661.332,"endTime":663.522,"body":"The conditions have to be"},{"speaker":"Louis O'Conner","startTime":661.332,"endTime":663.522,"body":"right for that as well."},{"speaker":"Louis O'Conner","startTime":663.852,"endTime":666.594,"body":"But yeah, just exactly what you"},{"speaker":"Louis O'Conner","startTime":663.852,"endTime":666.594,"body":"said, you pretty much nailed it."},{"speaker":"Louis O'Conner","startTime":666.663,"endTime":669.603,"body":"Private citizens, private"},{"speaker":"Louis O'Conner","startTime":666.663,"endTime":669.603,"body":"investors can, for the first"},{"speaker":"Louis O'Conner","startTime":669.603,"endTime":671.264,"body":"time and I can say this as well."},{"speaker":"Louis O'Conner","startTime":671.934,"endTime":672.957,"body":"With certainty, Mike."},{"speaker":"Louis O'Conner","startTime":672.999,"endTime":675.099,"body":"If I'm stating the fact,"},{"speaker":"Louis O'Conner","startTime":672.999,"endTime":675.099,"body":"I'll give it easy fact."},{"speaker":"Louis O'Conner","startTime":675.279,"endTime":676.72,"body":"If it's my opinion, I'll tell you."},{"speaker":"Louis O'Conner","startTime":676.819,"endTime":681.59,"body":"But the fact is right, that at the moment"},{"speaker":"Louis O'Conner","startTime":676.819,"endTime":681.59,"body":"we're the only industry and supplier"},{"speaker":"Louis O'Conner","startTime":681.595,"endTime":683.81,"body":"in the world that actually does this."},{"speaker":"Louis O'Conner","startTime":683.96,"endTime":685.19,"body":"There's nobody else doing it."},{"speaker":"Louis O'Conner","startTime":685.195,"endTime":690.75,"body":"And I say that sort of as a cautionary"},{"speaker":"Louis O'Conner","startTime":685.195,"endTime":690.75,"body":"word as well because if I was just sort"},{"speaker":"Louis O'Conner","startTime":690.75,"endTime":694.635,"body":"of a sales and marketing company, this"},{"speaker":"Louis O'Conner","startTime":690.75,"endTime":694.635,"body":"wouldn't work, because I don't have,"},{"speaker":"Louis O'Conner","startTime":694.845,"endTime":700.305,"body":"How do I know I'm getting pure 99.99%"},{"speaker":"Louis O'Conner","startTime":694.845,"endTime":700.305,"body":"Valium, or Gallium, I should say,"},{"speaker":"Louis O'Conner","startTime":700.305,"endTime":702.375,"body":"sorry, or Indium or whatever it is."},{"speaker":"Louis O'Conner","startTime":703.035,"endTime":706.433,"body":"And how do I have access then"},{"speaker":"Louis O'Conner","startTime":703.035,"endTime":706.433,"body":"to the exit, to the liquidation?"},{"speaker":"Louis O'Conner","startTime":706.433,"endTime":712.173,"body":"So yeah, you must be buying from"},{"speaker":"Louis O'Conner","startTime":706.433,"endTime":712.173,"body":"an authentic metals trader and"},{"speaker":"Louis O'Conner","startTime":712.204,"endTime":715.264,"body":"unless they're providing the exit"},{"speaker":"Louis O'Conner","startTime":712.204,"endTime":715.264,"body":"too, there's no point in doing it,"},{"speaker":"Average Joe Finances","startTime":715.264,"endTime":715.474,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":715.474,"endTime":719.689,"body":"So not only do you have the option to"},{"speaker":"Average Joe Finances","startTime":715.474,"endTime":719.689,"body":"buy with your company, but you also,"},{"speaker":"Average Joe Finances","startTime":719.749,"endTime":721.339,"body":"Yeah, you have that exit as well."},{"speaker":"Average Joe Finances","startTime":721.352,"endTime":722.12,"body":"When you go to sell."},{"speaker":"Average Joe Finances","startTime":722.39,"endTime":727.496,"body":"So now somebody that wants to so you"},{"speaker":"Average Joe Finances","startTime":722.39,"endTime":727.496,"body":"said you have what, 20% of what you have"},{"speaker":"Average Joe Finances","startTime":727.496,"endTime":729.801,"body":"stored right now is also investors, right?"},{"speaker":"Average Joe Finances","startTime":729.801,"endTime":731.792,"body":"That are making these purchases."},{"speaker":"Average Joe Finances","startTime":732.072,"endTime":735.822,"body":"So out of that, so if somebody"},{"speaker":"Average Joe Finances","startTime":732.072,"endTime":735.822,"body":"wanted to buy, let's say some."},{"speaker":"Average Joe Finances","startTime":735.831,"endTime":736.661,"body":"What was it like Indium?"},{"speaker":"Average Joe Finances","startTime":736.891,"endTime":739.125,"body":"Somebody wanted to buy some"},{"speaker":"Average Joe Finances","startTime":736.891,"endTime":739.125,"body":"Indium, and store it there."},{"speaker":"Average Joe Finances","startTime":739.125,"endTime":743.04,"body":"Is there like a time limit that you"},{"speaker":"Average Joe Finances","startTime":739.125,"endTime":743.04,"body":"guys will hold it for or can you hold"},{"speaker":"Average Joe Finances","startTime":743.04,"endTime":744.703,"body":"it until they decide they wanna sell?"},{"speaker":"Average Joe Finances","startTime":744.734,"endTime":747.374,"body":"As they're sitting there watching the"},{"speaker":"Average Joe Finances","startTime":744.734,"endTime":747.374,"body":"value and stuff and maybe they're trying"},{"speaker":"Average Joe Finances","startTime":747.374,"endTime":748.996,"body":"to flip it or something like that."},{"speaker":"Average Joe Finances","startTime":749.054,"endTime":751.454,"body":"Similar to what people do when they"},{"speaker":"Average Joe Finances","startTime":749.054,"endTime":751.454,"body":"buy and hold stocks and they see"},{"speaker":"Average Joe Finances","startTime":751.468,"endTime":754.119,"body":"this really large jump and then"},{"speaker":"Average Joe Finances","startTime":751.468,"endTime":754.119,"body":"they wanna sell it for a profit."},{"speaker":"Average Joe Finances","startTime":754.132,"endTime":757.657,"body":"Is there a time limit that you guys have"},{"speaker":"Average Joe Finances","startTime":754.132,"endTime":757.657,"body":"that you'll hold the, these these metal."},{"speaker":"Louis O'Conner","startTime":757.717,"endTime":758.587,"body":"Yeah, good question."},{"speaker":"Louis O'Conner","startTime":758.587,"endTime":761.107,"body":"Look, the client, you can"},{"speaker":"Louis O'Conner","startTime":758.587,"endTime":761.107,"body":"hold them indefinitely."},{"speaker":"Louis O'Conner","startTime":761.126,"endTime":765.026,"body":"You can actually store these materials"},{"speaker":"Louis O'Conner","startTime":761.126,"endTime":765.026,"body":"indefinitely in the right conditions."},{"speaker":"Louis O'Conner","startTime":765.079,"endTime":768.305,"body":"And we recommend a sort of"},{"speaker":"Louis O'Conner","startTime":765.079,"endTime":768.305,"body":"a medium to long term play."},{"speaker":"Louis O'Conner","startTime":768.404,"endTime":772.624,"body":"If you really wanna make it worthwhile and"},{"speaker":"Louis O'Conner","startTime":768.404,"endTime":772.624,"body":"make a decent amount of money do a medium,"},{"speaker":"Louis O'Conner","startTime":772.624,"endTime":776.704,"body":"which would be either three to five years"},{"speaker":"Louis O'Conner","startTime":772.624,"endTime":776.704,"body":"or long term, which is 10 years, and I'll"},{"speaker":"Louis O'Conner","startTime":776.704,"endTime":778.534,"body":"tell you bit more about that in a minute."},{"speaker":"Louis O'Conner","startTime":779.074,"endTime":784.114,"body":"But the truth of it is once those metals"},{"speaker":"Louis O'Conner","startTime":779.074,"endTime":784.114,"body":"arrive to the vault, they're your metals."},{"speaker":"Louis O'Conner","startTime":784.174,"endTime":787.594,"body":"If you wanna sell them a week later,"},{"speaker":"Louis O'Conner","startTime":784.174,"endTime":787.594,"body":"that's entirely your prerogative."},{"speaker":"Louis O'Conner","startTime":787.594,"endTime":788.164,"body":"You own them."},{"speaker":"Louis O'Conner","startTime":788.824,"endTime":791.614,"body":"You can keep them for as"},{"speaker":"Louis O'Conner","startTime":788.824,"endTime":791.614,"body":"little or as long as you like."},{"speaker":"Louis O'Conner","startTime":791.688,"endTime":797.166,"body":"But I would add one thing to that, which"},{"speaker":"Louis O'Conner","startTime":791.688,"endTime":797.166,"body":"is the vault is a, it's a free trade zone."},{"speaker":"Louis O'Conner","startTime":797.166,"endTime":799.266,"body":"It's a zolllager, as they say in Germany."},{"speaker":"Louis O'Conner","startTime":799.322,"endTime":803.785,"body":"Once they arrive if you keep them there"},{"speaker":"Louis O'Conner","startTime":799.322,"endTime":803.785,"body":"for at least a year, there's no VAT."},{"speaker":"Louis O'Conner","startTime":803.805,"endTime":804.505,"body":"There's no V.A.T."},{"speaker":"Louis O'Conner","startTime":804.645,"endTime":805.785,"body":"Or there's no import duty."},{"speaker":"Louis O'Conner","startTime":805.785,"endTime":810.652,"body":"So you can make your purchase and your"},{"speaker":"Louis O'Conner","startTime":805.785,"endTime":810.652,"body":"sale tax free, at least in Europe anyway."},{"speaker":"Louis O'Conner","startTime":810.682,"endTime":814.333,"body":"Cause I know the US citizens have to"},{"speaker":"Louis O'Conner","startTime":810.682,"endTime":814.333,"body":"do their own reporting outside of that."},{"speaker":"Louis O'Conner","startTime":814.423,"endTime":816.643,"body":"And I obviously not"},{"speaker":"Louis O'Conner","startTime":814.423,"endTime":816.643,"body":"gonna speak about that."},{"speaker":"Louis O'Conner","startTime":816.793,"endTime":819.733,"body":"I'm just speaking about Europe,"},{"speaker":"Louis O'Conner","startTime":816.793,"endTime":819.733,"body":"that the purchase and sale"},{"speaker":"Louis O'Conner","startTime":819.763,"endTime":821.143,"body":"can be tax free in Europe."},{"speaker":"Louis O'Conner","startTime":821.483,"endTime":825.57,"body":"If you've held them for a year but to"},{"speaker":"Louis O'Conner","startTime":821.483,"endTime":825.57,"body":"answer your question, it's up to decline."},{"speaker":"Louis O'Conner","startTime":825.613,"endTime":829.819,"body":"Last year for example, we had two or"},{"speaker":"Louis O'Conner","startTime":825.613,"endTime":829.819,"body":"three of our metals double in price."},{"speaker":"Louis O'Conner","startTime":829.819,"endTime":833.553,"body":"So if you'd put in a hundred thousand"},{"speaker":"Louis O'Conner","startTime":829.819,"endTime":833.553,"body":"your portfolio was at 200,000."},{"speaker":"Louis O'Conner","startTime":833.62,"endTime":837.395,"body":"So it makes sense to liquidate some"},{"speaker":"Louis O'Conner","startTime":833.62,"endTime":837.395,"body":"of them then, if not all of them."},{"speaker":"Louis O'Conner","startTime":837.417,"endTime":841.488,"body":"The reason that happened was China"},{"speaker":"Louis O'Conner","startTime":837.417,"endTime":841.488,"body":"produced, they doubled the production"},{"speaker":"Louis O'Conner","startTime":841.488,"endTime":847.248,"body":"of electric cars in China last year,"},{"speaker":"Louis O'Conner","startTime":841.488,"endTime":847.248,"body":"so they didn't export as much as usual,"},{"speaker":"Louis O'Conner","startTime":847.248,"endTime":849.244,"body":"so the prices internationally went up."},{"speaker":"Louis O'Conner","startTime":849.244,"endTime":853.611,"body":"We'll talk a bit more about China in a"},{"speaker":"Louis O'Conner","startTime":849.244,"endTime":853.611,"body":"minute, but China pretty much dominates"},{"speaker":"Louis O'Conner","startTime":853.621,"endTime":857.951,"body":"the production, the refining, the"},{"speaker":"Louis O'Conner","startTime":853.621,"endTime":857.951,"body":"supply, and crucially now the price."},{"speaker":"Average Joe Finances","startTime":858.161,"endTime":860.419,"body":"Yeah, that's,"},{"speaker":"Average Joe Finances","startTime":858.161,"endTime":860.419,"body":"that's good to know, especially when"},{"speaker":"Average Joe Finances","startTime":860.419,"endTime":864.199,"body":"you're thinking about like how you're"},{"speaker":"Average Joe Finances","startTime":860.419,"endTime":864.199,"body":"gonna gauge where the market for these"},{"speaker":"Average Joe Finances","startTime":864.199,"endTime":868.459,"body":"metals might go is you wanna pay attention"},{"speaker":"Average Joe Finances","startTime":864.199,"endTime":868.459,"body":"to what's going on in China, right?"},{"speaker":"Average Joe Finances","startTime":868.464,"endTime":871.169,"body":"So you wanna pay attention to"},{"speaker":"Average Joe Finances","startTime":868.464,"endTime":871.169,"body":"example, like you just said."},{"speaker":"Average Joe Finances","startTime":871.195,"endTime":871.242,"body":"It."},{"speaker":"Average Joe Finances","startTime":871.242,"endTime":874.724,"body":"What's their electric car production"},{"speaker":"Average Joe Finances","startTime":871.242,"endTime":874.724,"body":"look like, since they, they"},{"speaker":"Average Joe Finances","startTime":874.784,"endTime":877.214,"body":"made that increase, of course"},{"speaker":"Average Joe Finances","startTime":874.784,"endTime":877.214,"body":"there's gonna be less coming out."},{"speaker":"Average Joe Finances","startTime":877.282,"endTime":879.837,"body":"Tesla even opened a"},{"speaker":"Average Joe Finances","startTime":877.282,"endTime":879.837,"body":"factory out there as well."},{"speaker":"Average Joe Finances","startTime":880.047,"endTime":884.206,"body":"And when that happened, you're seeing"},{"speaker":"Average Joe Finances","startTime":880.047,"endTime":884.206,"body":"less of the, those raw materials getting"},{"speaker":"Average Joe Finances","startTime":884.206,"endTime":886.186,"body":"exported cuz they're keeping it in house."},{"speaker":"Average Joe Finances","startTime":886.237,"endTime":887.375,"body":"So that's definitely important to know."},{"speaker":"Average Joe Finances","startTime":887.447,"endTime":888.557,"body":"So what are your thoughts on that?"},{"speaker":"Average Joe Finances","startTime":888.557,"endTime":891.462,"body":"Like how do you like pay attention"},{"speaker":"Average Joe Finances","startTime":888.557,"endTime":891.462,"body":"to what's going on there."},{"speaker":"Average Joe Finances","startTime":891.462,"endTime":894.101,"body":"Cause I know sometimes it could"},{"speaker":"Average Joe Finances","startTime":891.462,"endTime":894.101,"body":"be difficult to see what's"},{"speaker":"Average Joe Finances","startTime":894.101,"endTime":895.241,"body":"going on in China, right?"},{"speaker":"Average Joe Finances","startTime":895.241,"endTime":897.278,"body":"Because of the way that they're"},{"speaker":"Average Joe Finances","startTime":895.241,"endTime":897.278,"body":"government is structured."},{"speaker":"Average Joe Finances","startTime":897.278,"endTime":899.56,"body":"There's a lot of that information's"},{"speaker":"Average Joe Finances","startTime":897.278,"endTime":899.56,"body":"not really gonna get out."},{"speaker":"Average Joe Finances","startTime":899.56,"endTime":905.078,"body":"So what do you do from your side to try"},{"speaker":"Average Joe Finances","startTime":899.56,"endTime":905.078,"body":"to stay ahead of what's going on and"},{"speaker":"Average Joe Finances","startTime":905.078,"endTime":908.849,"body":"ensure that you're still being able to"},{"speaker":"Average Joe Finances","startTime":905.078,"endTime":908.849,"body":"provide these medals to your investors."},{"speaker":"Louis O'Conner","startTime":908.924,"endTime":909.284,"body":"Okay."},{"speaker":"Louis O'Conner","startTime":909.374,"endTime":910.274,"body":"There's a number of things."},{"speaker":"Louis O'Conner","startTime":910.325,"endTime":913.43,"body":"The simple thing actually on any"},{"speaker":"Louis O'Conner","startTime":910.325,"endTime":913.43,"body":"what I, one of the greatest tools"},{"speaker":"Louis O'Conner","startTime":913.43,"endTime":915.579,"body":"I found is is to do a Google alert."},{"speaker":"Louis O'Conner","startTime":915.579,"endTime":917.619,"body":"If you do a Google alert for rare earths."},{"speaker":"Louis O'Conner","startTime":918.234,"endTime":922.804,"body":"Within about two weeks, you'll get a clear"},{"speaker":"Louis O'Conner","startTime":918.234,"endTime":922.804,"body":"picture of what's happening in whatever,"},{"speaker":"Louis O'Conner","startTime":922.804,"endTime":924.762,"body":"in rare earth, put in whatever industry."},{"speaker":"Louis O'Conner","startTime":924.777,"endTime":929.709,"body":"But look, a lot of these opportunities"},{"speaker":"Louis O'Conner","startTime":924.777,"endTime":929.709,"body":"are hidden in plain sight, look,"},{"speaker":"Louis O'Conner","startTime":929.709,"endTime":933.129,"body":"we're not, it's not possible,"},{"speaker":"Louis O'Conner","startTime":929.709,"endTime":933.129,"body":"say for me to be savvy on every."},{"speaker":"Louis O'Conner","startTime":933.659,"endTime":936.884,"body":"Sort of investment in like you're in"},{"speaker":"Louis O'Conner","startTime":933.659,"endTime":936.884,"body":"Hawaii and, it's not possible for me"},{"speaker":"Louis O'Conner","startTime":936.884,"endTime":940.689,"body":"to be say, up to date on real estate"},{"speaker":"Louis O'Conner","startTime":936.884,"endTime":940.689,"body":"in Hawaii would be cause you're there"},{"speaker":"Louis O'Conner","startTime":940.689,"endTime":942.069,"body":"and that's what your business is."},{"speaker":"Louis O'Conner","startTime":942.13,"endTime":945.529,"body":"China is, hasn't been"},{"speaker":"Louis O'Conner","startTime":942.13,"endTime":945.529,"body":"shy about this, right?"},{"speaker":"Louis O'Conner","startTime":945.534,"endTime":945.619,"body":"If."},{"speaker":"Louis O'Conner","startTime":945.663,"endTime":949.195,"body":"I, if you look and it's in the open, it's"},{"speaker":"Louis O'Conner","startTime":945.663,"endTime":949.195,"body":"in the public domain,  Chinese they call"},{"speaker":"Louis O'Conner","startTime":949.195,"endTime":955.435,"body":"it the future's policy 2025, that clearly"},{"speaker":"Louis O'Conner","startTime":949.195,"endTime":955.435,"body":"states for all the world to see that their"},{"speaker":"Louis O'Conner","startTime":955.435,"endTime":961.735,"body":"goal was by 2025 to be self-sufficient"},{"speaker":"Louis O'Conner","startTime":955.435,"endTime":961.735,"body":"domestically in 10 different technologies."},{"speaker":"Louis O'Conner","startTime":961.798,"endTime":965.096,"body":"And they're close to reaching that"},{"speaker":"Louis O'Conner","startTime":961.798,"endTime":965.096,"body":"goal if you look at the charts,"},{"speaker":"Louis O'Conner","startTime":965.096,"endTime":966.236,"body":"you'll see in the eighties."},{"speaker":"Louis O'Conner","startTime":966.246,"endTime":967.896,"body":"The US was the dominant Marty."},{"speaker":"Louis O'Conner","startTime":967.896,"endTime":971.846,"body":"The US was produced in 60% of the"},{"speaker":"Louis O'Conner","startTime":967.896,"endTime":971.846,"body":"world's rare earths and Chinese were"},{"speaker":"Louis O'Conner","startTime":972.316,"endTime":974.966,"body":"produced in less than maybe 10, 12%."},{"speaker":"Louis O'Conner","startTime":975.013,"endTime":979.873,"body":"But the premier of China in 1987"},{"speaker":"Louis O'Conner","startTime":975.013,"endTime":979.873,"body":"made a very telling statement, a"},{"speaker":"Louis O'Conner","startTime":979.873,"endTime":982.549,"body":"very shrewd statement actually,"},{"speaker":"Louis O'Conner","startTime":979.873,"endTime":982.549,"body":"and he said, the standing."},{"speaker":"Louis O'Conner","startTime":983.364,"endTime":986.844,"body":"On a rare earth mine, he"},{"speaker":"Louis O'Conner","startTime":983.364,"endTime":986.844,"body":"said the Middle East has oil."},{"speaker":"Louis O'Conner","startTime":987.054,"endTime":988.734,"body":"China has rare earths."},{"speaker":"Louis O'Conner","startTime":989.484,"endTime":990.864,"body":"That was 1987."},{"speaker":"Louis O'Conner","startTime":991.194,"endTime":995.274,"body":"Fast forward 30 years later and"},{"speaker":"Louis O'Conner","startTime":991.194,"endTime":995.274,"body":"China now dominates the market."},{"speaker":"Louis O'Conner","startTime":995.279,"endTime":997.494,"body":"The US only has one."},{"speaker":"Louis O'Conner","startTime":997.554,"endTime":1000.689,"body":"I'm only talking about the US cause"},{"speaker":"Louis O'Conner","startTime":997.554,"endTime":1000.689,"body":"your audience is North American."},{"speaker":"Louis O'Conner","startTime":1000.694,"endTime":1002.459,"body":"Europe is in the same boat."},{"speaker":"Louis O'Conner","startTime":1002.804,"endTime":1006.644,"body":"But the US only has one"},{"speaker":"Louis O'Conner","startTime":1002.804,"endTime":1006.644,"body":"producing mine at the moment."},{"speaker":"Louis O'Conner","startTime":1006.649,"endTime":1011.658,"body":"It's Mountain Pass in California and"},{"speaker":"Louis O'Conner","startTime":1006.649,"endTime":1011.658,"body":"they still send their raw materials to"},{"speaker":"Louis O'Conner","startTime":1011.663,"endTime":1017.594,"body":"China to be refined, so at the moment,"},{"speaker":"Louis O'Conner","startTime":1011.663,"endTime":1017.594,"body":"Europe, the west knows they need"},{"speaker":"Louis O'Conner","startTime":1017.594,"endTime":1019.424,"body":"to wean their dependence off China."},{"speaker":"Louis O'Conner","startTime":1019.461,"endTime":1022.371,"body":"It took a generation"},{"speaker":"Louis O'Conner","startTime":1019.461,"endTime":1022.371,"body":"for China to take over."},{"speaker":"Louis O'Conner","startTime":1023.421,"endTime":1023.931,"body":"Market."},{"speaker":"Louis O'Conner","startTime":1024.261,"endTime":1028.4,"body":"It'll take a while for us to gain"},{"speaker":"Louis O'Conner","startTime":1024.261,"endTime":1028.4,"body":"some traction and get it back, but in"},{"speaker":"Louis O'Conner","startTime":1028.66,"endTime":1030.95,"body":"the meantime, investors can profit."},{"speaker":"Average Joe Finances","startTime":1032.21,"endTime":1032.75,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1033.38,"endTime":1036.26,"body":"If you think about it though, you"},{"speaker":"Average Joe Finances","startTime":1033.38,"endTime":1036.26,"body":"think about the size of China."},{"speaker":"Average Joe Finances","startTime":1036.26,"endTime":1038.6,"body":"When you look at the"},{"speaker":"Average Joe Finances","startTime":1036.26,"endTime":1038.6,"body":"continent of Asia, right?"},{"speaker":"Average Joe Finances","startTime":1038.605,"endTime":1041.82,"body":"And you look at how much"},{"speaker":"Average Joe Finances","startTime":1038.605,"endTime":1041.82,"body":"of that is China, right?"},{"speaker":"Average Joe Finances","startTime":1042.08,"endTime":1046.931,"body":"And you look at how much land they have"},{"speaker":"Average Joe Finances","startTime":1042.08,"endTime":1046.931,"body":"it's a given that they're gonna have a"},{"speaker":"Average Joe Finances","startTime":1046.936,"endTime":1049.291,"body":"large amount of these rare earth metals."},{"speaker":"Average Joe Finances","startTime":1050.301,"endTime":1052.145,"body":"And of course not all land is the same."},{"speaker":"Average Joe Finances","startTime":1052.145,"endTime":1056.285,"body":"Not all land's going to have rare earth"},{"speaker":"Average Joe Finances","startTime":1052.145,"endTime":1056.285,"body":"metals like this, but when you have so"},{"speaker":"Average Joe Finances","startTime":1056.285,"endTime":1058.084,"body":"much you're gonna, you're gonna find it."},{"speaker":"Louis O'Conner","startTime":1058.084,"endTime":1058.368,"body":"You're right."},{"speaker":"Average Joe Finances","startTime":1058.373,"endTime":1061.005,"body":"Now I wanted to"},{"speaker":"Average Joe Finances","startTime":1058.373,"endTime":1061.005,"body":"ask you because that, it's actually"},{"speaker":"Average Joe Finances","startTime":1061.005,"endTime":1065.084,"body":"been in the media a lot lately about"},{"speaker":"Average Joe Finances","startTime":1061.005,"endTime":1065.084,"body":"what's going on up in Greenland, right?"},{"speaker":"Average Joe Finances","startTime":1065.444,"endTime":1067.154,"body":"With the ice that's melting."},{"speaker":"Average Joe Finances","startTime":1067.154,"endTime":1072.514,"body":"It's actually exposing a lot of rare earth"},{"speaker":"Average Joe Finances","startTime":1067.154,"endTime":1072.514,"body":"metals specifically Indium and things like"},{"speaker":"Average Joe Finances","startTime":1072.514,"endTime":1077.544,"body":"that stuff that's being used for electric"},{"speaker":"Average Joe Finances","startTime":1072.514,"endTime":1077.544,"body":"cars or Bones and things like that."},{"speaker":"Average Joe Finances","startTime":1077.586,"endTime":1080.037,"body":"I saw something the other day where"},{"speaker":"Average Joe Finances","startTime":1077.586,"endTime":1080.037,"body":"they were talking about, the ice is"},{"speaker":"Average Joe Finances","startTime":1080.037,"endTime":1082.137,"body":"melting and they're finding these."},{"speaker":"Average Joe Finances","startTime":1082.187,"endTime":1086.43,"body":"People are going now to go mine"},{"speaker":"Average Joe Finances","startTime":1082.187,"endTime":1086.43,"body":"and get these rare earth metals."},{"speaker":"Average Joe Finances","startTime":1086.67,"endTime":1088.989,"body":"And some people were saying"},{"speaker":"Average Joe Finances","startTime":1086.67,"endTime":1088.989,"body":"hey, how does that really help?"},{"speaker":"Average Joe Finances","startTime":1089.015,"endTime":1089.46,"body":"And."},{"speaker":"Average Joe Finances","startTime":1089.7,"endTime":1092.58,"body":"The thing is like a lot of these"},{"speaker":"Average Joe Finances","startTime":1089.7,"endTime":1092.58,"body":"metals that they're taking is"},{"speaker":"Average Joe Finances","startTime":1092.58,"endTime":1095.85,"body":"actually going to help, like green"},{"speaker":"Average Joe Finances","startTime":1092.58,"endTime":1095.85,"body":"technology, like you were saying, right?"},{"speaker":"Average Joe Finances","startTime":1095.893,"endTime":1099.313,"body":"Maybe help reverse some of this"},{"speaker":"Average Joe Finances","startTime":1095.893,"endTime":1099.313,"body":"ice melting that's going on."},{"speaker":"Average Joe Finances","startTime":1099.613,"endTime":1103.83,"body":"So it's almost taking the unfortunate"},{"speaker":"Average Joe Finances","startTime":1099.613,"endTime":1103.83,"body":"situation with the ice melting there"},{"speaker":"Average Joe Finances","startTime":1104.31,"endTime":1108.24,"body":"and turning it into a positive by"},{"speaker":"Average Joe Finances","startTime":1104.31,"endTime":1108.24,"body":"getting a lot of stuff that's gonna"},{"speaker":"Average Joe Finances","startTime":1108.24,"endTime":1111.06,"body":"be used for the screen technology"},{"speaker":"Average Joe Finances","startTime":1108.24,"endTime":1111.06,"body":"that will help reverse some of that."},{"speaker":"Average Joe Finances","startTime":1111.48,"endTime":1113.97,"body":"So what are your thoughts on"},{"speaker":"Average Joe Finances","startTime":1111.48,"endTime":1113.97,"body":"what's going on up there right now?"},{"speaker":"Average Joe Finances","startTime":1114.0,"endTime":1115.68,"body":"Do you think that this is an opportunity?"},{"speaker":"Average Joe Finances","startTime":1115.685,"endTime":1118.29,"body":"Do you think that right now"},{"speaker":"Average Joe Finances","startTime":1115.685,"endTime":1118.29,"body":"you're gonna be able to get"},{"speaker":"Average Joe Finances","startTime":1118.29,"endTime":1119.894,"body":"stuff at a much better price?"},{"speaker":"Average Joe Finances","startTime":1119.894,"endTime":1125.438,"body":"Because now there's more of it and then,"},{"speaker":"Average Joe Finances","startTime":1119.894,"endTime":1125.438,"body":"as it gets mined and it goes away, is"},{"speaker":"Average Joe Finances","startTime":1125.438,"endTime":1126.942,"body":"this like more of a long term play?"},{"speaker":"Average Joe Finances","startTime":1126.97,"endTime":1127.119,"body":"What?"},{"speaker":"Average Joe Finances","startTime":1127.119,"endTime":1127.879,"body":"What are your thoughts on that?"},{"speaker":"Louis O'Conner","startTime":1127.971,"endTime":1129.141,"body":"Yeah, good point."},{"speaker":"Louis O'Conner","startTime":1129.141,"endTime":1133.27,"body":"Despite the name Mike Rare"},{"speaker":"Louis O'Conner","startTime":1129.141,"endTime":1133.27,"body":"Earths are not all that rare."},{"speaker":"Louis O'Conner","startTime":1133.57,"endTime":1135.45,"body":"They can be sort of found in abundance."},{"speaker":"Louis O'Conner","startTime":1135.478,"endTime":1139.288,"body":"plenty of them in North America,"},{"speaker":"Louis O'Conner","startTime":1135.478,"endTime":1139.288,"body":"Australia, Africa, Greenland now is"},{"speaker":"Louis O'Conner","startTime":1139.293,"endTime":1143.248,"body":"saying they have them Turkey about six"},{"speaker":"Louis O'Conner","startTime":1139.293,"endTime":1143.248,"body":"months announced they have trillions,"},{"speaker":"Louis O'Conner","startTime":1143.345,"endTime":1145.411,"body":"but that's not where it's at."},{"speaker":"Louis O'Conner","startTime":1145.411,"endTime":1146.161,"body":"I'll tell you where it's at."},{"speaker":"Louis O'Conner","startTime":1146.161,"endTime":1147.301,"body":"And most people."},{"speaker":"Louis O'Conner","startTime":1147.313,"endTime":1150.599,"body":"I was talking to, there's a guy"},{"speaker":"Louis O'Conner","startTime":1147.313,"endTime":1150.599,"body":"in the us his name is Jack Lifton."},{"speaker":"Louis O'Conner","startTime":1150.599,"endTime":1154.709,"body":"He's in my mind, a foremost authority"},{"speaker":"Louis O'Conner","startTime":1150.599,"endTime":1154.709,"body":"on rare earths in the world."},{"speaker":"Louis O'Conner","startTime":1154.709,"endTime":1155.639,"body":"He lives in Detroit."},{"speaker":"Louis O'Conner","startTime":1156.569,"endTime":1161.212,"body":"And he was telling me there's only about"},{"speaker":"Louis O'Conner","startTime":1156.569,"endTime":1161.212,"body":"200 people in all of the US that really"},{"speaker":"Louis O'Conner","startTime":1161.212,"endTime":1163.178,"body":"knows the story where rare earth's, right?"},{"speaker":"Louis O'Conner","startTime":1163.178,"endTime":1164.521,"body":"And here's the deal, right?"},{"speaker":"Louis O'Conner","startTime":1164.638,"endTime":1166.288,"body":"They're never found."},{"speaker":"Louis O'Conner","startTime":1166.355,"endTime":1171.01,"body":"They're always found that as a"},{"speaker":"Louis O'Conner","startTime":1166.355,"endTime":1171.01,"body":"byproduct of another raw material,"},{"speaker":"Louis O'Conner","startTime":1171.01,"endTime":1172.78,"body":"I'll use Gallium as an example."},{"speaker":"Louis O'Conner","startTime":1173.47,"endTime":1177.428,"body":"Gallium is always found as a"},{"speaker":"Louis O'Conner","startTime":1173.47,"endTime":1177.428,"body":"byproduct of mining aluminum."},{"speaker":"Louis O'Conner","startTime":1178.478,"endTime":1181.628,"body":"So you can on, it has to be separated."},{"speaker":"Louis O'Conner","startTime":1181.633,"endTime":1183.264,"body":"You need, it's Mathematical."},{"speaker":"Louis O'Conner","startTime":1183.264,"endTime":1185.154,"body":"It's complicated it's expensive."},{"speaker":"Louis O'Conner","startTime":1185.154,"endTime":1186.324,"body":"You need  geologists."},{"speaker":"Louis O'Conner","startTime":1186.324,"endTime":1187.434,"body":"You need metallurgist."},{"speaker":"Louis O'Conner","startTime":1187.434,"endTime":1192.707,"body":"So it's not that you can't find them,"},{"speaker":"Louis O'Conner","startTime":1187.434,"endTime":1192.707,"body":"It's separating them and separating"},{"speaker":"Louis O'Conner","startTime":1192.712,"endTime":1195.384,"body":"them well enough that you're not,"},{"speaker":"Louis O'Conner","startTime":1192.712,"endTime":1195.384,"body":"you're getting enough of them."},{"speaker":"Average Joe Finances","startTime":1195.412,"endTime":1196.887,"body":"That"},{"speaker":"Average Joe Finances","startTime":1195.412,"endTime":1196.887,"body":"you get a higher purity level."},{"speaker":"Louis O'Conner","startTime":1197.113,"endTime":1197.653,"body":"Exactly."},{"speaker":"Louis O'Conner","startTime":1197.653,"endTime":1202.99,"body":"And here's the difference is Europe and"},{"speaker":"Louis O'Conner","startTime":1197.653,"endTime":1202.99,"body":"the U.S., we don't have the technology."},{"speaker":"Louis O'Conner","startTime":1202.99,"endTime":1206.86,"body":"China has China's about 30 years"},{"speaker":"Louis O'Conner","startTime":1202.99,"endTime":1206.86,"body":"ahead of the rest of the world"},{"speaker":"Louis O'Conner","startTime":1206.9,"endTime":1211.467,"body":"with metallurgy, which ology"},{"speaker":"Louis O'Conner","startTime":1206.9,"endTime":1211.467,"body":"specifically relating to rare earths."},{"speaker":"Louis O'Conner","startTime":1211.783,"endTime":1215.443,"body":"And so even if you do find a ama,"},{"speaker":"Louis O'Conner","startTime":1211.783,"endTime":1215.443,"body":"if there is a massive amount there,"},{"speaker":"Louis O'Conner","startTime":1215.683,"endTime":1219.683,"body":"extracting them, separating them"},{"speaker":"Louis O'Conner","startTime":1215.683,"endTime":1219.683,"body":"and getting good purity levels"},{"speaker":"Louis O'Conner","startTime":1219.706,"endTime":1221.236,"body":"China's just way ahead of us."},{"speaker":"Average Joe Finances","startTime":1221.47,"endTime":1223.893,"body":"You even gave that"},{"speaker":"Average Joe Finances","startTime":1221.47,"endTime":1223.893,"body":"example before with what we're mining"},{"speaker":"Average Joe Finances","startTime":1223.893,"endTime":1227.733,"body":"here in the states out in California,"},{"speaker":"Average Joe Finances","startTime":1223.893,"endTime":1227.733,"body":"that we're still sending a majority"},{"speaker":"Average Joe Finances","startTime":1227.733,"endTime":1231.87,"body":"of that to China to, for them to"},{"speaker":"Average Joe Finances","startTime":1227.733,"endTime":1231.87,"body":"refine it and send it back to us, and"},{"speaker":"Average Joe Finances","startTime":1231.87,"endTime":1233.58,"body":"that, that comes with a cost, right?"},{"speaker":"Average Joe Finances","startTime":1233.88,"endTime":1234.518,"body":"They're not just, Oh!"},{"speaker":"Average Joe Finances","startTime":1234.518,"endTime":1237.995,"body":"Yeah, we'll do that for free so"},{"speaker":"Average Joe Finances","startTime":1234.518,"endTime":1237.995,"body":"we're sitting here shipping all"},{"speaker":"Average Joe Finances","startTime":1237.995,"endTime":1241.55,"body":"of this stuff to them, for them to"},{"speaker":"Average Joe Finances","startTime":1237.995,"endTime":1241.55,"body":"refine it and then send it back."},{"speaker":"Average Joe Finances","startTime":1241.55,"endTime":1244.096,"body":"And it's, Like you said, they've"},{"speaker":"Average Joe Finances","startTime":1241.55,"endTime":1244.096,"body":"got the technology, they've got"},{"speaker":"Average Joe Finances","startTime":1244.096,"endTime":1246.932,"body":"this put together where we're"},{"speaker":"Average Joe Finances","startTime":1244.096,"endTime":1246.932,"body":"like in the infant stages still."},{"speaker":"Louis O'Conner","startTime":1247.442,"endTime":1247.85,"body":"Yeah."},{"speaker":"Louis O'Conner","startTime":1247.85,"endTime":1251.543,"body":"You know as well Mike recently, you"},{"speaker":"Louis O'Conner","startTime":1247.85,"endTime":1251.543,"body":"can Google all this, You'll see there"},{"speaker":"Louis O'Conner","startTime":1251.543,"endTime":1255.858,"body":"was this in a very rare occurrence"},{"speaker":"Louis O'Conner","startTime":1251.543,"endTime":1255.858,"body":"of agreement, both President Trump"},{"speaker":"Louis O'Conner","startTime":1255.895,"endTime":1259.852,"body":"and President Biden signed executive"},{"speaker":"Louis O'Conner","startTime":1255.895,"endTime":1259.852,"body":"orders, recognizing the U.S."},{"speaker":"Louis O'Conner","startTime":1259.852,"endTime":1262.252,"body":"Needs to wean its"},{"speaker":"Louis O'Conner","startTime":1259.852,"endTime":1262.252,"body":"dependence off China, right?"},{"speaker":"Louis O'Conner","startTime":1262.418,"endTime":1263.678,"body":"Within about."},{"speaker":"Louis O'Conner","startTime":1263.822,"endTime":1265.562,"body":"Four weeks of that happened in the U.S."},{"speaker":"Louis O'Conner","startTime":1265.562,"endTime":1269.462,"body":"Department of Defense signed an"},{"speaker":"Louis O'Conner","startTime":1265.562,"endTime":1269.462,"body":"agreement with Linus Corp in Australia."},{"speaker":"Louis O'Conner","startTime":1269.812,"endTime":1273.302,"body":"Linus the second largest"},{"speaker":"Louis O'Conner","startTime":1269.812,"endTime":1273.302,"body":"producer after China."},{"speaker":"Louis O'Conner","startTime":1273.302,"endTime":1277.059,"body":"They're not that big, but they're,"},{"speaker":"Louis O'Conner","startTime":1273.302,"endTime":1277.059,"body":"after China, their next, and Linus will"},{"speaker":"Louis O'Conner","startTime":1277.064,"endTime":1278.979,"body":"come from Australia now to the U.S."},{"speaker":"Louis O'Conner","startTime":1279.189,"endTime":1281.899,"body":"To refine railroads just"},{"speaker":"Louis O'Conner","startTime":1279.189,"endTime":1281.899,"body":"for the US military."},{"speaker":"Louis O'Conner","startTime":1281.899,"endTime":1285.779,"body":"The Department of Defense got up ahead"},{"speaker":"Louis O'Conner","startTime":1281.899,"endTime":1285.779,"body":"of everybody else nearly to do this"},{"speaker":"Louis O'Conner","startTime":1285.82,"endTime":1287.47,"body":"because, for example, the US Army."},{"speaker":"Louis O'Conner","startTime":1287.507,"endTime":1290.544,"body":"Has said they're gonna, they're"},{"speaker":"Louis O'Conner","startTime":1287.507,"endTime":1290.544,"body":"gonna feel an all- electric Non"},{"speaker":"Louis O'Conner","startTime":1290.544,"endTime":1296.274,"body":"Tactical Feet by 2035 and an"},{"speaker":"Louis O'Conner","startTime":1290.544,"endTime":1296.274,"body":"all-electric tactical fleet by 2050."},{"speaker":"Louis O'Conner","startTime":1296.784,"endTime":1300.024,"body":"And they know they don't have"},{"speaker":"Louis O'Conner","startTime":1296.784,"endTime":1300.024,"body":"the technology in the U.S."},{"speaker":"Louis O'Conner","startTime":1300.029,"endTime":1306.024,"body":"So what you're gonna see over the"},{"speaker":"Louis O'Conner","startTime":1300.029,"endTime":1306.024,"body":"next 10 years is Europe and the U.S.."},{"speaker":"Louis O'Conner","startTime":1306.664,"endTime":1311.774,"body":"We'll try to get more in the game, and"},{"speaker":"Louis O'Conner","startTime":1306.664,"endTime":1311.774,"body":"they will eventually, but it'll take time."},{"speaker":"Louis O'Conner","startTime":1311.845,"endTime":1314.695,"body":"Just graduating metallurgist from college."},{"speaker":"Louis O'Conner","startTime":1314.731,"endTime":1319.046,"body":"China's been graduating about"},{"speaker":"Louis O'Conner","startTime":1314.731,"endTime":1319.046,"body":"200 a week for the last 30 years."},{"speaker":"Louis O'Conner","startTime":1319.046,"endTime":1319.616,"body":"The U.S."},{"speaker":"Louis O'Conner","startTime":1319.621,"endTime":1324.536,"body":"And Europe been graduating about 200"},{"speaker":"Louis O'Conner","startTime":1319.621,"endTime":1324.536,"body":"a year, so we're way behind on that."},{"speaker":"Louis O'Conner","startTime":1324.536,"endTime":1328.507,"body":"What you will see, that's why I"},{"speaker":"Louis O'Conner","startTime":1324.536,"endTime":1328.507,"body":"jumped on this as an investment"},{"speaker":"Louis O'Conner","startTime":1328.507,"endTime":1333.802,"body":"and business opportunity is"},{"speaker":"Louis O'Conner","startTime":1328.507,"endTime":1333.802,"body":"for the next, 12, 15, 20 years."},{"speaker":"Louis O'Conner","startTime":1334.132,"endTime":1339.312,"body":"If you own these metals, you're in a"},{"speaker":"Louis O'Conner","startTime":1334.132,"endTime":1339.312,"body":"very, you're, you look, I'll give you"},{"speaker":"Louis O'Conner","startTime":1339.312,"endTime":1342.648,"body":"some of the numbers in a minute, but"},{"speaker":"Louis O'Conner","startTime":1339.312,"endTime":1342.648,"body":"they weigh, outperform gold and silver."},{"speaker":"Louis O'Conner","startTime":1343.008,"endTime":1344.598,"body":"Just to give you a quick idea, right?"},{"speaker":"Louis O'Conner","startTime":1344.808,"endTime":1346.578,"body":"In the last 10 years, gold is up."},{"speaker":"Louis O'Conner","startTime":1346.788,"endTime":1349.848,"body":"I don't know why people consider gold"},{"speaker":"Louis O'Conner","startTime":1346.788,"endTime":1349.848,"body":"a hedge against inflation anymore."},{"speaker":"Louis O'Conner","startTime":1349.848,"endTime":1351.828,"body":"It's only gone up 7% in 10 years."},{"speaker":"Louis O'Conner","startTime":1352.038,"endTime":1353.088,"body":"That's nothing, right?"},{"speaker":"Louis O'Conner","startTime":1353.138,"endTime":1355.088,"body":"For the last say five years."},{"speaker":"Louis O'Conner","startTime":1355.143,"endTime":1357.293,"body":"Rare Earth's on average, like"},{"speaker":"Louis O'Conner","startTime":1355.143,"endTime":1357.293,"body":"I'm giving you the average"},{"speaker":"Louis O'Conner","startTime":1357.293,"endTime":1360.624,"body":"number are up 34.25% a year."},{"speaker":"Louis O'Conner","startTime":1360.694,"endTime":1362.044,"body":"That's a very good return."},{"speaker":"Louis O'Conner","startTime":1362.044,"endTime":1365.934,"body":"If you put in a hundred thousand five"},{"speaker":"Louis O'Conner","startTime":1362.044,"endTime":1365.934,"body":"years ago your portfolio would be"},{"speaker":"Louis O'Conner","startTime":1365.934,"endTime":1370.987,"body":"worth 2 75, and during that time, there"},{"speaker":"Louis O'Conner","startTime":1365.934,"endTime":1370.987,"body":"was no major geopolitical situation."},{"speaker":"Louis O'Conner","startTime":1371.051,"endTime":1373.223,"body":"Go back to the five years before that."},{"speaker":"Louis O'Conner","startTime":1373.343,"endTime":1377.676,"body":"In 2010, the Japanese actually"},{"speaker":"Louis O'Conner","startTime":1373.343,"endTime":1377.676,"body":"and again, you can Google"},{"speaker":"Louis O'Conner","startTime":1377.676,"endTime":1378.906,"body":"this, you'll see it in the U.S."},{"speaker":"Louis O'Conner","startTime":1378.906,"endTime":1379.866,"body":"Newspapers as well."},{"speaker":"Louis O'Conner","startTime":1379.916,"endTime":1385.515,"body":"The Japanese detained a, a Chinese"},{"speaker":"Louis O'Conner","startTime":1379.916,"endTime":1385.515,"body":"fishing, a trawler, a captain of"},{"speaker":"Louis O'Conner","startTime":1385.735,"endTime":1389.518,"body":"a fishing trawler because he was"},{"speaker":"Louis O'Conner","startTime":1385.735,"endTime":1389.518,"body":"fishing in disputed water, so they"},{"speaker":"Louis O'Conner","startTime":1389.518,"endTime":1391.688,"body":"held him right in retaliation."},{"speaker":"Louis O'Conner","startTime":1391.738,"endTime":1395.338,"body":"The Chinese restricted the"},{"speaker":"Louis O'Conner","startTime":1391.738,"endTime":1395.338,"body":"quotas of rare earths to Japan."},{"speaker":"Louis O'Conner","startTime":1395.378,"endTime":1398.845,"body":"Within a few months, we saw some"},{"speaker":"Louis O'Conner","startTime":1395.378,"endTime":1398.845,"body":"of them go up, quintuple five"},{"speaker":"Louis O'Conner","startTime":1398.889,"endTime":1400.349,"body":"they went up five times as much."},{"speaker":"Louis O'Conner","startTime":1400.389,"endTime":1403.546,"body":"So I suppose the point I'm trying"},{"speaker":"Louis O'Conner","startTime":1400.389,"endTime":1403.546,"body":"to say to you is there are very"},{"speaker":"Louis O'Conner","startTime":1403.546,"endTime":1408.749,"body":"good investment and at the very"},{"speaker":"Louis O'Conner","startTime":1403.546,"endTime":1408.749,"body":"minimum,  you will get a nice return."},{"speaker":"Louis O'Conner","startTime":1408.775,"endTime":1410.335,"body":"But if China decides."},{"speaker":"Louis O'Conner","startTime":1410.347,"endTime":1413.317,"body":"We're not going to use these sort"},{"speaker":"Louis O'Conner","startTime":1410.347,"endTime":1413.317,"body":"of rare earth's, which they've"},{"speaker":"Louis O'Conner","startTime":1413.657,"endTime":1416.454,"body":"threatened to do again, that's"},{"speaker":"Louis O'Conner","startTime":1413.657,"endTime":1416.454,"body":"when you could see prices spike."},{"speaker":"Average Joe Finances","startTime":1416.477,"endTime":1417.513,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":1417.619,"endTime":1420.432,"body":"Because they do have a"},{"speaker":"Average Joe Finances","startTime":1417.619,"endTime":1420.432,"body":"very large monopoly of it."},{"speaker":"Average Joe Finances","startTime":1420.461,"endTime":1424.189,"body":"And if if they're like the"},{"speaker":"Average Joe Finances","startTime":1420.461,"endTime":1424.189,"body":"majority refinery, right?"},{"speaker":"Average Joe Finances","startTime":1424.339,"endTime":1428.532,"body":"And the majority provider of these"},{"speaker":"Average Joe Finances","startTime":1424.339,"endTime":1428.532,"body":"rare earth metals, If things get a"},{"speaker":"Average Joe Finances","startTime":1428.532,"endTime":1433.18,"body":"little hairy with them and they decide"},{"speaker":"Average Joe Finances","startTime":1428.532,"endTime":1433.18,"body":"to scale back, what you already have"},{"speaker":"Average Joe Finances","startTime":1433.21,"endTime":1435.25,"body":"will go up in value significantly."},{"speaker":"Average Joe Finances","startTime":1435.49,"endTime":1437.384,"body":"And that's something that you"},{"speaker":"Average Joe Finances","startTime":1435.49,"endTime":1437.384,"body":"need to be paying attention to."},{"speaker":"Average Joe Finances","startTime":1437.384,"endTime":1440.201,"body":"No matter what you invest in, you always"},{"speaker":"Average Joe Finances","startTime":1437.384,"endTime":1440.201,"body":"wanna pay attention to a couple things."},{"speaker":"Average Joe Finances","startTime":1440.201,"endTime":1441.551,"body":"You wanna pay attention to the market."},{"speaker":"Average Joe Finances","startTime":1441.588,"endTime":1443.808,"body":"You also wanna pay attention"},{"speaker":"Average Joe Finances","startTime":1441.588,"endTime":1443.808,"body":"to the politics, right?"},{"speaker":"Average Joe Finances","startTime":1444.018,"endTime":1446.568,"body":"What's going on internationally"},{"speaker":"Average Joe Finances","startTime":1444.018,"endTime":1446.568,"body":"that might affect this?"},{"speaker":"Average Joe Finances","startTime":1446.588,"endTime":1450.314,"body":"What's going on, nationally like"},{"speaker":"Average Joe Finances","startTime":1446.588,"endTime":1450.314,"body":"where you live that might affect this."},{"speaker":"Average Joe Finances","startTime":1450.314,"endTime":1455.106,"body":"What's going on, geopolitically in those"},{"speaker":"Average Joe Finances","startTime":1450.314,"endTime":1455.106,"body":"regions that might affect this, right?"},{"speaker":"Average Joe Finances","startTime":1455.376,"endTime":1457.715,"body":"So if you're paying attention"},{"speaker":"Average Joe Finances","startTime":1455.376,"endTime":1457.715,"body":"to all that and you're watching"},{"speaker":"Average Joe Finances","startTime":1457.72,"endTime":1460.56,"body":"all these key indicators you"},{"speaker":"Average Joe Finances","startTime":1457.72,"endTime":1460.56,"body":"can make some damage, right?"},{"speaker":"Average Joe Finances","startTime":1460.632,"endTime":1462.622,"body":"You can put a dent in"},{"speaker":"Average Joe Finances","startTime":1460.632,"endTime":1462.622,"body":"whatever you're trying to do."},{"speaker":"Average Joe Finances","startTime":1462.674,"endTime":1464.144,"body":"I think that's very important."},{"speaker":"Average Joe Finances","startTime":1464.144,"endTime":1468.123,"body":"And I think what you just stated there"},{"speaker":"Average Joe Finances","startTime":1464.144,"endTime":1468.123,"body":"with what happened, like that example"},{"speaker":"Average Joe Finances","startTime":1468.123,"endTime":1471.283,"body":"that you just gave with what happened"},{"speaker":"Average Joe Finances","startTime":1468.123,"endTime":1471.283,"body":"between Japan and China with that"},{"speaker":"Average Joe Finances","startTime":1471.283,"endTime":1474.703,"body":"fishing boat and what that, what was"},{"speaker":"Average Joe Finances","startTime":1471.283,"endTime":1474.703,"body":"the outcome of that from something?"},{"speaker":"Average Joe Finances","startTime":1474.708,"endTime":1478.49,"body":"So what seems like minuscule and"},{"speaker":"Average Joe Finances","startTime":1474.708,"endTime":1478.49,"body":"what that turned into for people that"},{"speaker":"Average Joe Finances","startTime":1478.49,"endTime":1480.16,"body":"already owned these precious metals."},{"speaker":"Average Joe Finances","startTime":1480.49,"endTime":1483.151,"body":"But then going back a little"},{"speaker":"Average Joe Finances","startTime":1480.49,"endTime":1483.151,"body":"bit further with what you were"},{"speaker":"Average Joe Finances","startTime":1483.151,"endTime":1484.575,"body":"talking about with the actual."},{"speaker":"Average Joe Finances","startTime":1484.608,"endTime":1489.254,"body":"Average annual return right"},{"speaker":"Average Joe Finances","startTime":1484.608,"endTime":1489.254,"body":"now being 34% is huge."},{"speaker":"Average Joe Finances","startTime":1489.335,"endTime":1492.293,"body":"You don't even see some of those returns"},{"speaker":"Average Joe Finances","startTime":1489.335,"endTime":1492.293,"body":"in real estate unless you're getting"},{"speaker":"Average Joe Finances","startTime":1492.293,"endTime":1495.747,"body":"a really good flip and right now,"},{"speaker":"Average Joe Finances","startTime":1492.293,"endTime":1495.747,"body":"that's not something you're seeing too"},{"speaker":"Average Joe Finances","startTime":1495.747,"endTime":1497.487,"body":"much of right now in today's market."},{"speaker":"Average Joe Finances","startTime":1497.487,"endTime":1499.999,"body":"This is definitely something to"},{"speaker":"Average Joe Finances","startTime":1497.487,"endTime":1499.999,"body":"keep an eye on for people that"},{"speaker":"Average Joe Finances","startTime":1499.999,"endTime":1501.029,"body":"might be interested in this."},{"speaker":"Average Joe Finances","startTime":1501.029,"endTime":1502.936,"body":"Right now might be the"},{"speaker":"Average Joe Finances","startTime":1501.029,"endTime":1502.936,"body":"best time to, to go check."},{"speaker":"Average Joe Finances","startTime":1503.041,"endTime":1504.091,"body":"Yeah, Louis."},{"speaker":"Average Joe Finances","startTime":1504.161,"endTime":1505.001,"body":"That's awesome, man."},{"speaker":"Average Joe Finances","startTime":1505.001,"endTime":1505.761,"body":"Yeah, that's awesome."},{"speaker":"Louis O'Conner","startTime":1505.771,"endTime":1508.051,"body":"Just one thing"},{"speaker":"Louis O'Conner","startTime":1505.771,"endTime":1508.051,"body":"I'll add, Mike, before we go."},{"speaker":"Louis O'Conner","startTime":1508.079,"endTime":1509.746,"body":"You mentioned the thing in Japan, right?"},{"speaker":"Average Joe Finances","startTime":1510.106,"endTime":1510.256,"body":"Yeah."},{"speaker":"Louis O'Conner","startTime":1510.256,"endTime":1511.859,"body":"Again, just"},{"speaker":"Louis O'Conner","startTime":1510.256,"endTime":1511.859,"body":"a little bit of Googling,"},{"speaker":"Louis O'Conner","startTime":1511.859,"endTime":1513.149,"body":"you'll see, wow, this is real."},{"speaker":"Louis O'Conner","startTime":1513.209,"endTime":1513.869,"body":"This happened."},{"speaker":"Louis O'Conner","startTime":1513.874,"endTime":1514.889,"body":"The price has spiked."},{"speaker":"Louis O'Conner","startTime":1514.962,"endTime":1517.812,"body":"What's happening at the moment that"},{"speaker":"Louis O'Conner","startTime":1514.962,"endTime":1517.812,"body":"people aren't really aware of, right?"},{"speaker":"Louis O'Conner","startTime":1517.812,"endTime":1520.062,"body":"Is this Taiwan situation, right?"},{"speaker":"Louis O'Conner","startTime":1520.126,"endTime":1525.946,"body":"What's really going on there"},{"speaker":"Louis O'Conner","startTime":1520.126,"endTime":1525.946,"body":"is Taiwan produces 92% of"},{"speaker":"Louis O'Conner","startTime":1526.196,"endTime":1527.806,"body":"the world's semiconductors."},{"speaker":"Louis O'Conner","startTime":1527.871,"endTime":1530.181,"body":"The other 8% are produced in South Korea."},{"speaker":"Louis O'Conner","startTime":1530.221,"endTime":1530.971,"body":"The U.S."},{"speaker":"Louis O'Conner","startTime":1530.971,"endTime":1534.331,"body":"And China and Europe are"},{"speaker":"Louis O'Conner","startTime":1530.971,"endTime":1534.331,"body":"dependent upon Taiwan."},{"speaker":"Louis O'Conner","startTime":1534.331,"endTime":1535.701,"body":"For these, they're the best."},{"speaker":"Louis O'Conner","startTime":1535.731,"endTime":1539.647,"body":"That's the best sort of they make the"},{"speaker":"Louis O'Conner","startTime":1535.731,"endTime":1539.647,"body":"best ones and they dominate the market."},{"speaker":"Louis O'Conner","startTime":1539.674,"endTime":1544.177,"body":"Now, if there was to be a situation"},{"speaker":"Louis O'Conner","startTime":1539.674,"endTime":1544.177,"body":"with Taiwan and that production was"},{"speaker":"Louis O'Conner","startTime":1544.182,"endTime":1548.125,"body":"limited or subjected to some sort"},{"speaker":"Louis O'Conner","startTime":1544.182,"endTime":1548.125,"body":"of disruption that would cost a car"},{"speaker":"Louis O'Conner","startTime":1548.125,"endTime":1550.135,"body":"industry on something like 200 billion."},{"speaker":"Louis O'Conner","startTime":1550.135,"endTime":1553.345,"body":"Right now, there's a little"},{"speaker":"Louis O'Conner","startTime":1550.135,"endTime":1553.345,"body":"bit of posturing going on."},{"speaker":"Louis O'Conner","startTime":1553.345,"endTime":1555.705,"body":"There's a bit of flex in the"},{"speaker":"Louis O'Conner","startTime":1553.345,"endTime":1555.705,"body":"muscles and stuff, but what's"},{"speaker":"Louis O'Conner","startTime":1555.705,"endTime":1558.015,"body":"also key to know there is."},{"speaker":"Louis O'Conner","startTime":1558.057,"endTime":1563.595,"body":"The key to the key raw materials in"},{"speaker":"Louis O'Conner","startTime":1558.057,"endTime":1563.595,"body":"semiconductors are both are gallium and"},{"speaker":"Louis O'Conner","startTime":1563.595,"endTime":1566.165,"body":"germania, which China has control over."},{"speaker":"Louis O'Conner","startTime":1566.208,"endTime":1570.814,"body":"If China decided to restrict those"},{"speaker":"Louis O'Conner","startTime":1566.208,"endTime":1570.814,"body":"quotas as a threat during, just as"},{"speaker":"Louis O'Conner","startTime":1570.984,"endTime":1575.504,"body":"a, as these trade tensions or these"},{"speaker":"Louis O'Conner","startTime":1570.984,"endTime":1575.504,"body":"tensions escalate, anyone who's holding."},{"speaker":"Louis O'Conner","startTime":1575.516,"endTime":1578.486,"body":"Gallium and germanium"},{"speaker":"Louis O'Conner","startTime":1575.516,"endTime":1578.486,"body":"is in for a nice, spike."},{"speaker":"Louis O'Conner","startTime":1578.582,"endTime":1581.683,"body":"So there's stuff like this going on"},{"speaker":"Louis O'Conner","startTime":1578.582,"endTime":1581.683,"body":"all the time, right in front of us."},{"speaker":"Louis O'Conner","startTime":1581.688,"endTime":1583.994,"body":"But we don't know the, the"},{"speaker":"Louis O'Conner","startTime":1581.688,"endTime":1583.994,"body":"exactly the background."},{"speaker":"Louis O'Conner","startTime":1583.999,"endTime":1587.554,"body":"And as you said, it's important to be,"},{"speaker":"Louis O'Conner","startTime":1583.999,"endTime":1587.554,"body":"get yourself, if you're interested in a"},{"speaker":"Louis O'Conner","startTime":1587.559,"endTime":1591.664,"body":"particular industry, get as politically"},{"speaker":"Louis O'Conner","startTime":1587.559,"endTime":1591.664,"body":"savvy or geopolitically savvy as you"},{"speaker":"Louis O'Conner","startTime":1591.914,"endTime":1594.024,"body":"can and amazingly it's so easy to do."},{"speaker":"Louis O'Conner","startTime":1594.114,"endTime":1595.014,"body":"I mentioned it earlier."},{"speaker":"Louis O'Conner","startTime":1595.171,"endTime":1598.801,"body":"Just put in, like if you just do a"},{"speaker":"Louis O'Conner","startTime":1595.171,"endTime":1598.801,"body":"Google alert, when we finish rare"},{"speaker":"Louis O'Conner","startTime":1598.801,"endTime":1602.191,"body":"earth's by tomorrow morning, you'll"},{"speaker":"Louis O'Conner","startTime":1598.801,"endTime":1602.191,"body":"get three newspaper articles from all"},{"speaker":"Louis O'Conner","startTime":1602.191,"endTime":1605.671,"body":"over the world on rare earths, and"},{"speaker":"Louis O'Conner","startTime":1602.191,"endTime":1605.671,"body":"you'll within about 10 days, two weeks,"},{"speaker":"Louis O'Conner","startTime":1605.671,"endTime":1607.604,"body":"you'll know exactly what's going on."},{"speaker":"Average Joe Finances","startTime":1607.651,"endTime":1610.061,"body":"Yeah, no,"},{"speaker":"Average Joe Finances","startTime":1607.651,"endTime":1610.061,"body":"that's, and that's a very key point."},{"speaker":"Average Joe Finances","startTime":1610.089,"endTime":1612.732,"body":"And again, you gotta know the market."},{"speaker":"Average Joe Finances","startTime":1612.732,"endTime":1613.932,"body":"You gotta know what you're going into."},{"speaker":"Average Joe Finances","startTime":1613.932,"endTime":1616.847,"body":"And that's in any investment"},{"speaker":"Average Joe Finances","startTime":1613.932,"endTime":1616.847,"body":"that you wanna get involved in."},{"speaker":"Average Joe Finances","startTime":1616.865,"endTime":1621.434,"body":"Understand the risks, understand"},{"speaker":"Average Joe Finances","startTime":1616.865,"endTime":1621.434,"body":"the benefits, cause with risk comes."},{"speaker":"Average Joe Finances","startTime":1621.707,"endTime":1622.107,"body":"Gain."},{"speaker":"Average Joe Finances","startTime":1622.107,"endTime":1623.748,"body":"It's, you have to learn about it too."},{"speaker":"Average Joe Finances","startTime":1623.778,"endTime":1626.668,"body":"I talk about this all the time in"},{"speaker":"Average Joe Finances","startTime":1623.778,"endTime":1626.668,"body":"regards to real estate as well people"},{"speaker":"Average Joe Finances","startTime":1626.668,"endTime":1628.588,"body":"that wanna get started, get involved."},{"speaker":"Average Joe Finances","startTime":1628.648,"endTime":1631.498,"body":"I always talk about you need"},{"speaker":"Average Joe Finances","startTime":1628.648,"endTime":1631.498,"body":"to educate yourself, right?"},{"speaker":"Average Joe Finances","startTime":1631.498,"endTime":1634.741,"body":"You need to educate yourself,"},{"speaker":"Average Joe Finances","startTime":1631.498,"endTime":1634.741,"body":"get a mentor or a coach, right?"},{"speaker":"Average Joe Finances","startTime":1634.741,"endTime":1637.575,"body":". Then you need to, to network with other"},{"speaker":"Average Joe Finances","startTime":1634.741,"endTime":1637.575,"body":"people that are interested in the same"},{"speaker":"Average Joe Finances","startTime":1637.575,"endTime":1639.042,"body":"things as you and learn from them."},{"speaker":"Average Joe Finances","startTime":1639.059,"endTime":1640.439,"body":"And then you need to take action."},{"speaker":"Average Joe Finances","startTime":1640.559,"endTime":1643.259,"body":"Cause those other three things"},{"speaker":"Average Joe Finances","startTime":1640.559,"endTime":1643.259,"body":"mean nothing without action, right?"},{"speaker":"Average Joe Finances","startTime":1643.352,"endTime":1644.68,"body":". So yeah, Louis that's awesome."},{"speaker":"Average Joe Finances","startTime":1644.685,"endTime":1648.033,"body":"My, I wanna transition this into"},{"speaker":"Average Joe Finances","startTime":1644.685,"endTime":1648.033,"body":"something that I call the final round."},{"speaker":"Average Joe Finances","startTime":1648.361,"endTime":1648.661,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1648.661,"endTime":1651.359,"body":"I think we got some really great"},{"speaker":"Average Joe Finances","startTime":1648.661,"endTime":1651.359,"body":"information, great content."},{"speaker":"Average Joe Finances","startTime":1651.359,"endTime":1653.189,"body":"I know I got some really awesome notes."},{"speaker":"Average Joe Finances","startTime":1653.519,"endTime":1657.022,"body":"And when we get off this call, I'm gonna"},{"speaker":"Average Joe Finances","startTime":1653.519,"endTime":1657.022,"body":"be setting up some Google alerts to see"},{"speaker":"Average Joe Finances","startTime":1657.022,"endTime":1660.592,"body":"what's going on, to learn a little bit"},{"speaker":"Average Joe Finances","startTime":1657.022,"endTime":1660.592,"body":"more about this industry myself, because"},{"speaker":"Average Joe Finances","startTime":1660.629,"endTime":1662.177,"body":"you've definitely peaked my interest."},{"speaker":"Average Joe Finances","startTime":1662.221,"endTime":1666.106,"body":"This is this conversation went a different"},{"speaker":"Average Joe Finances","startTime":1662.221,"endTime":1666.106,"body":"route than I was expecting it to go."},{"speaker":"Average Joe Finances","startTime":1666.167,"endTime":1668.147,"body":"Cause I, like I said, I've talked"},{"speaker":"Average Joe Finances","startTime":1666.167,"endTime":1668.147,"body":"with people, I've had people on before"},{"speaker":"Average Joe Finances","startTime":1668.147,"endTime":1670.5,"body":"that we've talked precious metals,"},{"speaker":"Average Joe Finances","startTime":1668.147,"endTime":1670.5,"body":"we've talked rare earth metals."},{"speaker":"Average Joe Finances","startTime":1670.5,"endTime":1674.187,"body":"But you've really got me thinking in"},{"speaker":"Average Joe Finances","startTime":1670.5,"endTime":1674.187,"body":"a different way when it comes to this."},{"speaker":"Average Joe Finances","startTime":1674.187,"endTime":1674.756,"body":"That's awesome."},{"speaker":"Average Joe Finances","startTime":1674.761,"endTime":1677.88,"body":"So if you're ready to go, we'll get"},{"speaker":"Average Joe Finances","startTime":1674.761,"endTime":1677.88,"body":"this party started on the final round."},{"speaker":"Louis O'Conner","startTime":1677.897,"endTime":1678.737,"body":"Yes, indeed."},{"speaker":"Louis O'Conner","startTime":1678.827,"endTime":1679.337,"body":"I'm ready."},{"speaker":"Average Joe Finances","startTime":1679.354,"endTime":1680.519,"body":"Alright so let's do it."},{"speaker":"Average Joe Finances","startTime":1680.591,"endTime":1684.014,"body":"I guess let's keep this tied to"},{"speaker":"Average Joe Finances","startTime":1680.591,"endTime":1684.014,"body":"what you're doing in precious metal."},{"speaker":"Average Joe Finances","startTime":1684.056,"endTime":1686.732,"body":"We'll keep this business related"},{"speaker":"Average Joe Finances","startTime":1684.056,"endTime":1686.732,"body":"but what's the biggest mistake"},{"speaker":"Average Joe Finances","startTime":1686.732,"endTime":1689.436,"body":"you've ever made or worst business"},{"speaker":"Average Joe Finances","startTime":1686.732,"endTime":1689.436,"body":"decision you've ever made?"},{"speaker":"Louis O'Conner","startTime":1689.451,"endTime":1693.103,"body":"I think probably"},{"speaker":"Louis O'Conner","startTime":1689.451,"endTime":1693.103,"body":"going back a while now, and I think"},{"speaker":"Louis O'Conner","startTime":1693.103,"endTime":1696.56,"body":"I'm a bit better at this nowadays,"},{"speaker":"Louis O'Conner","startTime":1693.103,"endTime":1696.56,"body":"was I didn't stay the course."},{"speaker":"Louis O'Conner","startTime":1696.618,"endTime":1698.124,"body":"I had a good idea."},{"speaker":"Louis O'Conner","startTime":1698.124,"endTime":1700.284,"body":"It was actually when I started,"},{"speaker":"Louis O'Conner","startTime":1698.124,"endTime":1700.284,"body":"I invested in property."},{"speaker":"Louis O'Conner","startTime":1700.284,"endTime":1704.004,"body":"The first property I bought,"},{"speaker":"Louis O'Conner","startTime":1700.284,"endTime":1704.004,"body":"I was like 23 years of age."},{"speaker":"Louis O'Conner","startTime":1704.034,"endTime":1705.084,"body":"I was in Germany."},{"speaker":"Louis O'Conner","startTime":1705.217,"endTime":1707.687,"body":"And I remember saying to me, and"},{"speaker":"Louis O'Conner","startTime":1705.217,"endTime":1707.687,"body":"I'll always remember cause I went"},{"speaker":"Louis O'Conner","startTime":1707.687,"endTime":1711.595,"body":"to the company I was working for, I"},{"speaker":"Louis O'Conner","startTime":1707.687,"endTime":1711.595,"body":"went to Woodbury, New York for some"},{"speaker":"Louis O'Conner","startTime":1711.595,"endTime":1715.315,"body":"meetings and there was a gentleman"},{"speaker":"Louis O'Conner","startTime":1711.595,"endTime":1715.315,"body":"there from New York and I was having"},{"speaker":"Louis O'Conner","startTime":1715.315,"endTime":1718.662,"body":"a beer with him at the bar, and he of"},{"speaker":"Louis O'Conner","startTime":1715.315,"endTime":1718.662,"body":"gave me great advice and he, I told"},{"speaker":"Louis O'Conner","startTime":1718.662,"endTime":1719.802,"body":"him I'd already bought a property."},{"speaker":"Louis O'Conner","startTime":1719.802,"endTime":1721.602,"body":"He said, Louis, you should"},{"speaker":"Louis O'Conner","startTime":1719.802,"endTime":1721.602,"body":"need to make a goal."},{"speaker":"Louis O'Conner","startTime":1722.412,"endTime":1726.555,"body":"And buy a property, say every three"},{"speaker":"Louis O'Conner","startTime":1722.412,"endTime":1726.555,"body":"years for the next, And I'd already was"},{"speaker":"Louis O'Conner","startTime":1726.555,"endTime":1731.316,"body":"on that track and I just got distracted"},{"speaker":"Louis O'Conner","startTime":1726.555,"endTime":1731.316,"body":"and I didn't think in some ways, and"},{"speaker":"Louis O'Conner","startTime":1731.316,"endTime":1735.181,"body":"this is maybe the best or the worst"},{"speaker":"Louis O'Conner","startTime":1731.316,"endTime":1735.181,"body":"advice you can give, is, if you have a"},{"speaker":"Louis O'Conner","startTime":1735.181,"endTime":1740.896,"body":"good idea and you know intuitively, it"},{"speaker":"Louis O'Conner","startTime":1735.181,"endTime":1740.896,"body":"is just keep going forward and, Don't"},{"speaker":"Louis O'Conner","startTime":1740.896,"endTime":1745.036,"body":"pay any attention to anyone that maybe"},{"speaker":"Louis O'Conner","startTime":1740.896,"endTime":1745.036,"body":"tries to pull you off that or off track"},{"speaker":"Louis O'Conner","startTime":1745.036,"endTime":1748.897,"body":"or people, places, or things that might"},{"speaker":"Louis O'Conner","startTime":1745.036,"endTime":1748.897,"body":"pull you off it, just stay the course."},{"speaker":"Louis O'Conner","startTime":1749.017,"endTime":1752.859,"body":"And I'm talking about not every idea that"},{"speaker":"Louis O'Conner","startTime":1749.017,"endTime":1752.859,"body":"I have or anybody has is a great idea,"},{"speaker":"Louis O'Conner","startTime":1752.875,"endTime":1759.719,"body":"those little gifts from the universe that"},{"speaker":"Louis O'Conner","startTime":1752.875,"endTime":1759.719,"body":"come in quietly and more intuitively,"},{"speaker":"Louis O'Conner","startTime":1759.719,"endTime":1762.129,"body":"those ones that you just come to you."},{"speaker":"Louis O'Conner","startTime":1762.426,"endTime":1765.182,"body":"Stay the course, and I didn't,"},{"speaker":"Louis O'Conner","startTime":1762.426,"endTime":1765.182,"body":"and that's a regret, yeah."},{"speaker":"Louis O'Conner","startTime":1765.182,"endTime":1767.132,"body":"In some ways, and I did"},{"speaker":"Louis O'Conner","startTime":1765.182,"endTime":1767.132,"body":"get back to it later."},{"speaker":"Average Joe Finances","startTime":1767.172,"endTime":1767.982,"body":"You gotta trust your gut."},{"speaker":"Average Joe Finances","startTime":1768.012,"endTime":1769.662,"body":"You gotta trust your intuition, right?"},{"speaker":"Average Joe Finances","startTime":1770.022,"endTime":1773.35,"body":"A lot of times it's gonna tell you"},{"speaker":"Average Joe Finances","startTime":1770.022,"endTime":1773.35,"body":"it's because there's something in the"},{"speaker":"Average Joe Finances","startTime":1773.35,"endTime":1776.56,"body":"back of your brain, there's something"},{"speaker":"Average Joe Finances","startTime":1773.35,"endTime":1776.56,"body":"in your thoughts that's telling you."},{"speaker":"Average Joe Finances","startTime":1776.576,"endTime":1779.874,"body":"To do it because, deep down inside"},{"speaker":"Average Joe Finances","startTime":1776.576,"endTime":1779.874,"body":"it's the right move to make."},{"speaker":"Average Joe Finances","startTime":1779.944,"endTime":1780.104,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1780.104,"endTime":1781.783,"body":"And a lot of times we"},{"speaker":"Average Joe Finances","startTime":1780.104,"endTime":1781.783,"body":"ignore that little voice."},{"speaker":"Average Joe Finances","startTime":1781.783,"endTime":1784.423,"body":"We ignore that Gemini cricket"},{"speaker":"Average Joe Finances","startTime":1781.783,"endTime":1784.423,"body":"that's on our shoulder and say, Get"},{"speaker":"Average Joe Finances","startTime":1784.423,"endTime":1785.819,"body":"off, You're bugging me bug . Yeah."},{"speaker":"Average Joe Finances","startTime":1785.819,"endTime":1786.299,"body":"Oh, man."},{"speaker":"Average Joe Finances","startTime":1786.329,"endTime":1786.719,"body":"Okay."},{"speaker":"Average Joe Finances","startTime":1786.779,"endTime":1787.079,"body":"Good."},{"speaker":"Average Joe Finances","startTime":1787.079,"endTime":1789.56,"body":"So the next question kind"},{"speaker":"Average Joe Finances","startTime":1787.079,"endTime":1789.56,"body":"of ties into this, right?"},{"speaker":"Average Joe Finances","startTime":1789.56,"endTime":1793.283,"body":"And it's what is something that"},{"speaker":"Average Joe Finances","startTime":1789.56,"endTime":1793.283,"body":"you've learned that you wish you"},{"speaker":"Average Joe Finances","startTime":1793.283,"endTime":1794.806,"body":"knew when you first got started?"},{"speaker":"Louis O'Conner","startTime":1794.806,"endTime":1795.426,"body":"Good question."},{"speaker":"Louis O'Conner","startTime":1795.426,"endTime":1795.786,"body":"Yeah."},{"speaker":"Louis O'Conner","startTime":1795.853,"endTime":1799.572,"body":"I think it would be there's a sort I"},{"speaker":"Louis O'Conner","startTime":1795.853,"endTime":1799.572,"body":"suppose it's down to nearly due diligence,"},{"speaker":"Louis O'Conner","startTime":1799.577,"endTime":1804.835,"body":"but more than that, which is sometimes"},{"speaker":"Louis O'Conner","startTime":1799.577,"endTime":1804.835,"body":"when something is presented in front of me"},{"speaker":"Louis O'Conner","startTime":1804.835,"endTime":1809.729,"body":"or to us in general, if we don't know too"},{"speaker":"Louis O'Conner","startTime":1804.835,"endTime":1809.729,"body":"much about it, we can be dismissive of it."},{"speaker":"Louis O'Conner","startTime":1809.815,"endTime":1810.795,"body":"We can be sort."},{"speaker":"Louis O'Conner","startTime":1810.83,"endTime":1815.446,"body":"Prejudice before we've even investigated"},{"speaker":"Louis O'Conner","startTime":1810.83,"endTime":1815.446,"body":"it, and I happened to me again."},{"speaker":"Louis O'Conner","startTime":1815.506,"endTime":1819.106,"body":"I remember hearing about"},{"speaker":"Louis O'Conner","startTime":1815.506,"endTime":1819.106,"body":"Bitcoin back in 2009, 2010."},{"speaker":"Louis O'Conner","startTime":1819.706,"endTime":1821.426,"body":"Actually it was in Kuwait, it was a U.S."},{"speaker":"Louis O'Conner","startTime":1821.536,"endTime":1821.886,"body":"D.O.D."},{"speaker":"Louis O'Conner","startTime":1821.936,"endTime":1823.616,"body":"contractor was telling me about it."},{"speaker":"Louis O'Conner","startTime":1823.621,"endTime":1826.201,"body":"He was mined and Bitcoin"},{"speaker":"Louis O'Conner","startTime":1823.621,"endTime":1826.201,"body":"on a laptop back then."},{"speaker":"Louis O'Conner","startTime":1826.216,"endTime":1827.416,"body":"And I went, What do you mean?"},{"speaker":"Louis O'Conner","startTime":1827.463,"endTime":1832.593,"body":"But contempt before investigation, and"},{"speaker":"Louis O'Conner","startTime":1827.463,"endTime":1832.593,"body":"I've, I tried to remember nowadays that."},{"speaker":"Louis O'Conner","startTime":1832.599,"endTime":1836.589,"body":"Now, whatever I, if something comes in"},{"speaker":"Louis O'Conner","startTime":1832.599,"endTime":1836.589,"body":"front of me, whether I think it's great"},{"speaker":"Louis O'Conner","startTime":1836.589,"endTime":1840.709,"body":"or whether I think it's bad, if I don't"},{"speaker":"Louis O'Conner","startTime":1836.589,"endTime":1840.709,"body":"know much about it, find out, do the"},{"speaker":"Louis O'Conner","startTime":1840.709,"endTime":1842.629,"body":"investigation, do the due diligence."},{"speaker":"Louis O'Conner","startTime":1842.629,"endTime":1843.919,"body":"Find out, are you right?"},{"speaker":"Louis O'Conner","startTime":1843.919,"endTime":1846.756,"body":"Don't be dismissive, without"},{"speaker":"Louis O'Conner","startTime":1843.919,"endTime":1846.756,"body":"proper investigation."},{"speaker":"Average Joe Finances","startTime":1846.854,"endTime":1848.905,"body":"Yeah that's"},{"speaker":"Average Joe Finances","startTime":1846.854,"endTime":1848.905,"body":"a very that's a very good point."},{"speaker":"Average Joe Finances","startTime":1848.905,"endTime":1850.265,"body":"That's a very good lesson learned."},{"speaker":"Average Joe Finances","startTime":1850.307,"endTime":1851.957,"body":"Don't be dismissive right off the bat."},{"speaker":"Average Joe Finances","startTime":1852.003,"endTime":1856.035,"body":"Be open-minded when it comes to something"},{"speaker":"Average Joe Finances","startTime":1852.003,"endTime":1856.035,"body":"brand new that you don't know about."},{"speaker":"Average Joe Finances","startTime":1856.061,"endTime":1856.171,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1856.176,"endTime":1858.421,"body":"You should go out there and actually"},{"speaker":"Average Joe Finances","startTime":1856.176,"endTime":1858.421,"body":"learn about, instead of just being"},{"speaker":"Average Joe Finances","startTime":1858.421,"endTime":1859.528,"body":"dismissive right off the bat."},{"speaker":"Average Joe Finances","startTime":1859.544,"endTime":1860.069,"body":"I know."},{"speaker":"Average Joe Finances","startTime":1860.074,"endTime":1864.448,"body":"I still don't know enough about crypto or"},{"speaker":"Average Joe Finances","startTime":1860.074,"endTime":1864.448,"body":"NFTs or any of that stuff, and I do get,"},{"speaker":"Average Joe Finances","startTime":1864.448,"endTime":1868.128,"body":"sometimes get dismissive of it because"},{"speaker":"Average Joe Finances","startTime":1864.448,"endTime":1868.128,"body":"I don't know enough, because I have."},{"speaker":"Average Joe Finances","startTime":1868.288,"endTime":1869.482,"body":"Done the research on it."},{"speaker":"Average Joe Finances","startTime":1869.482,"endTime":1872.841,"body":"Because my focus is elsewhere and"},{"speaker":"Average Joe Finances","startTime":1869.482,"endTime":1872.841,"body":"I like where I'm headed right now"},{"speaker":"Average Joe Finances","startTime":1872.841,"endTime":1873.981,"body":"and wanna kind of stick with that."},{"speaker":"Average Joe Finances","startTime":1874.043,"endTime":1874.253,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":1874.253,"endTime":1875.603,"body":"You can't do everything right."},{"speaker":"Average Joe Finances","startTime":1875.603,"endTime":1878.303,"body":"You can't do everything, but"},{"speaker":"Average Joe Finances","startTime":1875.603,"endTime":1878.303,"body":"don't be dismissive of it."},{"speaker":"Average Joe Finances","startTime":1878.336,"endTime":1878.756,"body":"Hundred percent."},{"speaker":"Louis O'Conner","startTime":1878.761,"endTime":1881.251,"body":"And also we've"},{"speaker":"Louis O'Conner","startTime":1878.761,"endTime":1881.251,"body":"learned as well, now we, there's such"},{"speaker":"Louis O'Conner","startTime":1881.251,"endTime":1883.105,"body":"a thing as unconscious bias, right?"},{"speaker":"Louis O'Conner","startTime":1883.145,"endTime":1884.705,"body":"We have unconscious bias."},{"speaker":"Louis O'Conner","startTime":1884.705,"endTime":1888.422,"body":"So our, We are sort of programmed"},{"speaker":"Louis O'Conner","startTime":1884.705,"endTime":1888.422,"body":"to see something a certain way."},{"speaker":"Louis O'Conner","startTime":1888.522,"endTime":1891.244,"body":"And based on what our"},{"speaker":"Louis O'Conner","startTime":1888.522,"endTime":1891.244,"body":"current point of view is."},{"speaker":"Louis O'Conner","startTime":1891.244,"endTime":1894.968,"body":"So it's almost like I need to get"},{"speaker":"Louis O'Conner","startTime":1891.244,"endTime":1894.968,"body":"outta my comfort zone as much as"},{"speaker":"Louis O'Conner","startTime":1894.968,"endTime":1897.163,"body":"possible to get another point of view."},{"speaker":"Louis O'Conner","startTime":1897.187,"endTime":1898.802,"body":"Just my view is not enough."},{"speaker":"Louis O'Conner","startTime":1899.012,"endTime":1901.992,"body":"That's why it's good as well to"},{"speaker":"Louis O'Conner","startTime":1899.012,"endTime":1901.992,"body":"have mentors and people you trust"},{"speaker":"Louis O'Conner","startTime":1902.142,"endTime":1903.342,"body":"that will tell you the truth."},{"speaker":"Louis O'Conner","startTime":1903.37,"endTime":1906.283,"body":"That won't tell you what you want to"},{"speaker":"Louis O'Conner","startTime":1903.37,"endTime":1906.283,"body":"hear, but they'll tell you the truth,"},{"speaker":"Average Joe Finances","startTime":1906.373,"endTime":1906.863,"body":"Yeah"},{"speaker":"Louis O'Conner","startTime":1906.863,"endTime":1910.39,"body":"We can be our own worst"},{"speaker":"Louis O'Conner","startTime":1906.863,"endTime":1910.39,"body":"enemy and no matter who have those."},{"speaker":"Louis O'Conner","startTime":1910.428,"endTime":1913.611,"body":"Conscious and unconscious bias"},{"speaker":"Louis O'Conner","startTime":1910.428,"endTime":1913.611,"body":"that can, keep us, prevent us"},{"speaker":"Louis O'Conner","startTime":1913.611,"endTime":1916.584,"body":"from further discovery, further"},{"speaker":"Louis O'Conner","startTime":1913.611,"endTime":1916.584,"body":"education, further perspective."},{"speaker":"Average Joe Finances","startTime":1916.691,"endTime":1917.851,"body":"Yeah, Louis that's huge."},{"speaker":"Average Joe Finances","startTime":1917.901,"endTime":1920.226,"body":"Yeah, Definitely another reason"},{"speaker":"Average Joe Finances","startTime":1917.901,"endTime":1920.226,"body":"why I think it's important to"},{"speaker":"Average Joe Finances","startTime":1920.226,"endTime":1921.636,"body":"have a mentor or a coach, right?"},{"speaker":"Average Joe Finances","startTime":1921.666,"endTime":1924.038,"body":"Somebody that's gonna help you"},{"speaker":"Average Joe Finances","startTime":1921.666,"endTime":1924.038,"body":"think outside of the box of"},{"speaker":"Average Joe Finances","startTime":1924.038,"endTime":1925.317,"body":"that, that you normally think of."},{"speaker":"Average Joe Finances","startTime":1925.317,"endTime":1929.508,"body":"Awesome, alright so this question kind"},{"speaker":"Average Joe Finances","startTime":1925.317,"endTime":1929.508,"body":"of ties into all this as well, and"},{"speaker":"Average Joe Finances","startTime":1929.508,"endTime":1933.198,"body":"that do you have any tips or tricks"},{"speaker":"Average Joe Finances","startTime":1929.508,"endTime":1933.198,"body":"that you would recommend to somebody"},{"speaker":"Average Joe Finances","startTime":1933.203,"endTime":1934.728,"body":"that's just getting started today?"},{"speaker":"Average Joe Finances","startTime":1934.938,"endTime":1936.078,"body":"Let's say there's somebody."},{"speaker":"Average Joe Finances","startTime":1936.214,"endTime":1939.304,"body":"That's a seasoned investor in"},{"speaker":"Average Joe Finances","startTime":1936.214,"endTime":1939.304,"body":"other areas and they wanna start"},{"speaker":"Average Joe Finances","startTime":1939.304,"endTime":1942.364,"body":"looking at these rare earth metals,"},{"speaker":"Average Joe Finances","startTime":1939.304,"endTime":1942.364,"body":"what would you recommend to them?"},{"speaker":"Average Joe Finances","startTime":1942.364,"endTime":1944.674,"body":"Like a research wise"},{"speaker":"Average Joe Finances","startTime":1942.364,"endTime":1944.674,"body":"or anything like that?"},{"speaker":"Louis O'Conner","startTime":1944.771,"endTime":1948.181,"body":"Yeah, I think proper"},{"speaker":"Louis O'Conner","startTime":1944.771,"endTime":1948.181,"body":"investigation, like a full investigation"},{"speaker":"Louis O'Conner","startTime":1948.181,"endTime":1952.232,"body":"and thankfully with technology and stuff,"},{"speaker":"Louis O'Conner","startTime":1948.181,"endTime":1952.232,"body":"we can do a lot of it ourselves now"},{"speaker":"Louis O'Conner","startTime":1952.232,"endTime":1954.353,"body":"without costing, a great deal of money."},{"speaker":"Louis O'Conner","startTime":1954.353,"endTime":1958.39,"body":"And you mentioned earlier as well, or you"},{"speaker":"Louis O'Conner","startTime":1954.353,"endTime":1958.39,"body":"go with the gut, pay attention to the gut,"},{"speaker":"Louis O'Conner","startTime":1958.44,"endTime":1962.34,"body":"Yeah, cause you know, funny enough, I see"},{"speaker":"Louis O'Conner","startTime":1958.44,"endTime":1962.34,"body":"now when I was speaking with you earlier,"},{"speaker":"Louis O'Conner","startTime":1962.34,"endTime":1965.961,"body":"Mike, I could see from talking to you"},{"speaker":"Louis O'Conner","startTime":1962.34,"endTime":1965.961,"body":"have a bit of a natural curiosity and you"},{"speaker":"Louis O'Conner","startTime":1965.961,"endTime":1969.396,"body":"you were, I can tell you were interested"},{"speaker":"Louis O'Conner","startTime":1965.961,"endTime":1969.396,"body":"in learning more and I'm not saying that"},{"speaker":"Louis O'Conner","startTime":1969.401,"endTime":1970.716,"body":"you were excited about where it hurts."},{"speaker":"Louis O'Conner","startTime":1970.716,"endTime":1972.696,"body":"You were excited about"},{"speaker":"Louis O'Conner","startTime":1970.716,"endTime":1972.696,"body":"learning something new."},{"speaker":"Louis O'Conner","startTime":1973.416,"endTime":1973.986,"body":"You know what I mean?"},{"speaker":"Louis O'Conner","startTime":1973.986,"endTime":1978.366,"body":"And I could see that in you, but the"},{"speaker":"Louis O'Conner","startTime":1973.986,"endTime":1978.366,"body":"usual response I get is not that."},{"speaker":"Louis O'Conner","startTime":1978.452,"endTime":1981.932,"body":"I've been doing sales, if you will, a"},{"speaker":"Louis O'Conner","startTime":1978.452,"endTime":1981.932,"body":"long time, and when I start talking to"},{"speaker":"Louis O'Conner","startTime":1981.937,"endTime":1985.805,"body":"people about rare earths, usually in"},{"speaker":"Louis O'Conner","startTime":1981.937,"endTime":1985.805,"body":"about 10 seconds their eyes are glazing"},{"speaker":"Louis O'Conner","startTime":1985.835,"endTime":1989.073,"body":"over and they're falling asleep, but they"},{"speaker":"Louis O'Conner","startTime":1985.835,"endTime":1989.073,"body":"don't know what they're missing out on."},{"speaker":"Louis O'Conner","startTime":1989.133,"endTime":1991.023,"body":"And that's unconscious bias as well."},{"speaker":"Louis O'Conner","startTime":1991.023,"endTime":1994.617,"body":"Now, I'm not saying it's for"},{"speaker":"Louis O'Conner","startTime":1991.023,"endTime":1994.617,"body":"everybody, it's not, but I owe"},{"speaker":"Louis O'Conner","startTime":1994.617,"endTime":1996.567,"body":"it to myself and I owe it to you."},{"speaker":"Louis O'Conner","startTime":1996.645,"endTime":1998.145,"body":"We owe it to ourselves."},{"speaker":"Louis O'Conner","startTime":1998.229,"endTime":2002.519,"body":"To fully investigate whatever it might"},{"speaker":"Louis O'Conner","startTime":1998.229,"endTime":2002.519,"body":"be, even if it's just a discussion in a"},{"speaker":"Louis O'Conner","startTime":2002.519,"endTime":2004.892,"body":"bar or about, politics or whatever it is."},{"speaker":"Louis O'Conner","startTime":2004.908,"endTime":2008.028,"body":"It's just important to really do I"},{"speaker":"Louis O'Conner","startTime":2004.908,"endTime":2008.028,"body":"really know what I'm talking about?"},{"speaker":"Louis O'Conner","startTime":2008.152,"endTime":2010.222,"body":"How much of this have I investigated?"},{"speaker":"Louis O'Conner","startTime":2010.492,"endTime":2012.081,"body":"How much do I really know?"},{"speaker":"Louis O'Conner","startTime":2012.081,"endTime":2016.848,"body":"And it's amazing how quickly then, we can"},{"speaker":"Louis O'Conner","startTime":2012.081,"endTime":2016.848,"body":"become reasonably educated on something."},{"speaker":"Louis O'Conner","startTime":2016.848,"endTime":2019.821,"body":"I Again, we were talking about"},{"speaker":"Louis O'Conner","startTime":2016.848,"endTime":2019.821,"body":"technology, Google and you can just find."},{"speaker":"Louis O'Conner","startTime":2020.084,"endTime":2022.887,"body":"Everything if you want, at the"},{"speaker":"Louis O'Conner","startTime":2020.084,"endTime":2022.887,"body":"touch of a button, so yeah,"},{"speaker":"Louis O'Conner","startTime":2023.337,"endTime":2025.201,"body":"just, do that investigation."},{"speaker":"Average Joe Finances","startTime":2025.201,"endTime":2025.371,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2025.371,"endTime":2028.955,"body":"Louis, I love your answer because it"},{"speaker":"Average Joe Finances","startTime":2025.371,"endTime":2028.955,"body":"ties into the very next question I'm"},{"speaker":"Average Joe Finances","startTime":2028.955,"endTime":2032.676,"body":"gonna ask, because you're talking"},{"speaker":"Average Joe Finances","startTime":2028.955,"endTime":2032.676,"body":"about how, you should educate yourself"},{"speaker":"Average Joe Finances","startTime":2032.681,"endTime":2033.846,"body":"about this stuff first, right?"},{"speaker":"Average Joe Finances","startTime":2033.846,"endTime":2036.251,"body":"Don't have that unconscious bias."},{"speaker":"Average Joe Finances","startTime":2036.691,"endTime":2038.407,"body":"Now, somebody to educate themselves."},{"speaker":"Average Joe Finances","startTime":2038.407,"endTime":2041.617,"body":"They would probably wanna look for"},{"speaker":"Average Joe Finances","startTime":2038.407,"endTime":2041.617,"body":"good resources to learn about this."},{"speaker":"Average Joe Finances","startTime":2041.617,"endTime":2046.627,"body":"So do you have a favorite business"},{"speaker":"Average Joe Finances","startTime":2041.617,"endTime":2046.627,"body":"or investing book or podcast or"},{"speaker":"Average Joe Finances","startTime":2046.627,"endTime":2049.598,"body":"both that you would recommend to"},{"speaker":"Average Joe Finances","startTime":2046.627,"endTime":2049.598,"body":"somebody that wants to learn more?"},{"speaker":"Louis O'Conner","startTime":2049.812,"endTime":2050.292,"body":"Yeah."},{"speaker":"Louis O'Conner","startTime":2050.472,"endTime":2054.398,"body":"Very good., Do you know what I find"},{"speaker":"Louis O'Conner","startTime":2050.472,"endTime":2054.398,"body":"Megan, is a bit of a philosophical"},{"speaker":"Louis O'Conner","startTime":2054.398,"endTime":2056.572,"body":"answer maybe is once if you wanna."},{"speaker":"Louis O'Conner","startTime":2056.632,"endTime":2059.959,"body":"Like the journey of a thousand miles"},{"speaker":"Louis O'Conner","startTime":2056.632,"endTime":2059.959,"body":"begins with the first step, right?"},{"speaker":"Louis O'Conner","startTime":2059.988,"endTime":2063.558,"body":"Once you get on that road, if I,"},{"speaker":"Louis O'Conner","startTime":2059.988,"endTime":2063.558,"body":"let's say as you, you're talking"},{"speaker":"Louis O'Conner","startTime":2063.558,"endTime":2066.487,"body":"about financial freedom and passive"},{"speaker":"Louis O'Conner","startTime":2063.558,"endTime":2066.487,"body":"income and things like that."},{"speaker":"Louis O'Conner","startTime":2066.531,"endTime":2070.611,"body":"If as soon as somebody makes the decision"},{"speaker":"Louis O'Conner","startTime":2066.531,"endTime":2070.611,"body":"and maybe listen to your podcast and they"},{"speaker":"Louis O'Conner","startTime":2070.611,"endTime":2073.941,"body":"go, You know something, I wanna learn"},{"speaker":"Louis O'Conner","startTime":2070.611,"endTime":2073.941,"body":"more about this, what Mike is talking"},{"speaker":"Louis O'Conner","startTime":2073.941,"endTime":2075.807,"body":"about, I know there's more out there."},{"speaker":"Louis O'Conner","startTime":2075.861,"endTime":2080.495,"body":"And as soon as they decide, once you go"},{"speaker":"Louis O'Conner","startTime":2075.861,"endTime":2080.495,"body":"on that path, what I have experienced"},{"speaker":"Louis O'Conner","startTime":2080.495,"endTime":2082.625,"body":"is the path will always open up to you."},{"speaker":"Louis O'Conner","startTime":2082.662,"endTime":2086.132,"body":"It will always open up for you,"},{"speaker":"Louis O'Conner","startTime":2082.662,"endTime":2086.132,"body":"but you have to make that step."},{"speaker":"Louis O'Conner","startTime":2086.462,"endTime":2092.445,"body":"So I suppose I wouldn't say I have a"},{"speaker":"Louis O'Conner","startTime":2086.462,"endTime":2092.445,"body":"particular book or podcast because if you"},{"speaker":"Louis O'Conner","startTime":2092.445,"endTime":2096.122,"body":"stay on the journey, Every week, stuff's"},{"speaker":"Louis O'Conner","startTime":2092.445,"endTime":2096.122,"body":"go, every day stuff's coming to you."},{"speaker":"Louis O'Conner","startTime":2096.122,"endTime":2098.133,"body":"It's been, it's almost"},{"speaker":"Louis O'Conner","startTime":2096.122,"endTime":2098.133,"body":"been attractive to you."},{"speaker":"Louis O'Conner","startTime":2098.133,"endTime":2098.793,"body":"Do you know what I mean?"},{"speaker":"Louis O'Conner","startTime":2099.243,"endTime":2104.033,"body":"So I would just say, look, just take"},{"speaker":"Louis O'Conner","startTime":2099.243,"endTime":2104.033,"body":"that first step, whatever that first"},{"speaker":"Louis O'Conner","startTime":2104.033,"endTime":2108.683,"body":"step is, take it, keep going, and"},{"speaker":"Louis O'Conner","startTime":2104.033,"endTime":2108.683,"body":"all this stuff will come to you."},{"speaker":"Louis O'Conner","startTime":2108.727,"endTime":2112.732,"body":"What's right for you comes to"},{"speaker":"Louis O'Conner","startTime":2108.727,"endTime":2112.732,"body":"you just certain people who are,"},{"speaker":"Louis O'Conner","startTime":2112.787,"endTime":2116.148,"body":"our friends and our family were"},{"speaker":"Louis O'Conner","startTime":2112.787,"endTime":2116.148,"body":"like, is attracted to isn't it?"},{"speaker":"Louis O'Conner","startTime":2116.176,"endTime":2117.335,"body":"Same thing with this,"},{"speaker":"Average Joe Finances","startTime":2117.381,"endTime":2118.161,"body":"Yeah, I love that."},{"speaker":"Average Joe Finances","startTime":2118.22,"endTime":2120.35,"body":"Closed doors don't open themselves, right?"},{"speaker":"Louis O'Conner","startTime":2120.5,"endTime":2120.9,"body":"Yeah."},{"speaker":"Average Joe Finances","startTime":2120.953,"endTime":2123.748,"body":"You have to take"},{"speaker":"Average Joe Finances","startTime":2120.953,"endTime":2123.748,"body":"that action and open the door and go"},{"speaker":"Average Joe Finances","startTime":2123.748,"endTime":2125.008,"body":"look and see what's on the other side."},{"speaker":"Average Joe Finances","startTime":2125.008,"endTime":2126.737,"body":"And by doing that, go out"},{"speaker":"Average Joe Finances","startTime":2125.008,"endTime":2126.737,"body":"there and do the research."},{"speaker":"Average Joe Finances","startTime":2127.097,"endTime":2128.267,"body":"Go out there and look this stuff up."},{"speaker":"Average Joe Finances","startTime":2128.267,"endTime":2130.757,"body":"So now that you've listened"},{"speaker":"Average Joe Finances","startTime":2128.267,"endTime":2130.757,"body":"to this episode, you've got"},{"speaker":"Average Joe Finances","startTime":2130.762,"endTime":2132.737,"body":"this wave top understanding."},{"speaker":"Average Joe Finances","startTime":2132.859,"endTime":2135.477,"body":"Of kinda what Louis and I"},{"speaker":"Average Joe Finances","startTime":2132.859,"endTime":2135.477,"body":"were talking about here."},{"speaker":"Average Joe Finances","startTime":2135.507,"endTime":2138.616,"body":"For those that are listening"},{"speaker":"Average Joe Finances","startTime":2135.507,"endTime":2138.616,"body":"right now, are they wanna learn"},{"speaker":"Average Joe Finances","startTime":2138.616,"endTime":2140.266,"body":"more about rare earth metals."},{"speaker":"Average Joe Finances","startTime":2140.266,"endTime":2143.742,"body":"They wanna learn more about you and"},{"speaker":"Average Joe Finances","startTime":2140.266,"endTime":2143.742,"body":"your company and how they could maybe"},{"speaker":"Average Joe Finances","startTime":2143.742,"endTime":2145.552,"body":"possibly even invest with you as well."},{"speaker":"Average Joe Finances","startTime":2145.552,"endTime":2147.241,"body":"Where can people find this information?"},{"speaker":"Average Joe Finances","startTime":2147.246,"endTime":2148.291,"body":"Do you have a website?"},{"speaker":"Average Joe Finances","startTime":2148.291,"endTime":2150.301,"body":"Any social media profiles"},{"speaker":"Average Joe Finances","startTime":2148.291,"endTime":2150.301,"body":"you could share with us?"},{"speaker":"Average Joe Finances","startTime":2150.571,"endTime":2151.751,"body":"Where can people find you Louis?"},{"speaker":"Louis O'Conner","startTime":2151.861,"endTime":2155.809,"body":"Sure obviously the website"},{"speaker":"Louis O'Conner","startTime":2151.861,"endTime":2155.809,"body":"is the first place to maybe to go to, you"},{"speaker":"Louis O'Conner","startTime":2155.809,"endTime":2160.597,"body":"can download it, a digital prospectus, so"},{"speaker":"Louis O'Conner","startTime":2155.809,"endTime":2160.597,"body":"that would be strategic metals and best."},{"speaker":"Louis O'Conner","startTime":2160.715,"endTime":2163.265,"body":"If anybody wants to, they"},{"speaker":"Louis O'Conner","startTime":2160.715,"endTime":2163.265,"body":"can email me directly."},{"speaker":"Louis O'Conner","startTime":2163.265,"endTime":2168.535,"body":"It's Louis, LOUIS at"},{"speaker":"Louis O'Conner","startTime":2163.265,"endTime":2168.535,"body":"strategicmetalsinvest.com."},{"speaker":"Louis O'Conner","startTime":2168.815,"endTime":2172.851,"body":"And of course we're on I'm on LinkedIn"},{"speaker":"Louis O'Conner","startTime":2168.815,"endTime":2172.851,"body":"and Facebook and stuff but yeah, email"},{"speaker":"Louis O'Conner","startTime":2172.851,"endTime":2175.011,"body":"me or go to the website is a good."},{"speaker":"Average Joe Finances","startTime":2175.02,"endTime":2175.678,"body":"There you have it."},{"speaker":"Average Joe Finances","startTime":2175.678,"endTime":2179.728,"body":"So Louis, I'll make sure I have"},{"speaker":"Average Joe Finances","startTime":2175.678,"endTime":2179.728,"body":"those links in the show notes to make"},{"speaker":"Average Joe Finances","startTime":2179.728,"endTime":2182.768,"body":"it easier for everybody to either"},{"speaker":"Average Joe Finances","startTime":2179.728,"endTime":2182.768,"body":"just copy and paste or click away."},{"speaker":"Average Joe Finances","startTime":2182.768,"endTime":2185.215,"body":"But again, thank you so much"},{"speaker":"Average Joe Finances","startTime":2182.768,"endTime":2185.215,"body":"for coming on the show today."},{"speaker":"Average Joe Finances","startTime":2185.246,"endTime":2186.896,"body":"I think this conversation was awesome."},{"speaker":"Average Joe Finances","startTime":2186.956,"endTime":2188.126,"body":"I know I learned a lot."},{"speaker":"Average Joe Finances","startTime":2188.126,"endTime":2189.356,"body":"I got a lot of great notes."},{"speaker":"Average Joe Finances","startTime":2189.656,"endTime":2193.542,"body":"I'm gonna go set up some Google alerts"},{"speaker":"Average Joe Finances","startTime":2189.656,"endTime":2193.542,"body":"now and and start learning a little"},{"speaker":"Average Joe Finances","startTime":2193.542,"endTime":2196.902,"body":"bit more because this is, this was, you"},{"speaker":"Average Joe Finances","startTime":2193.542,"endTime":2196.902,"body":"definitely peaked my curiosity for sure."},{"speaker":"Average Joe Finances","startTime":2196.902,"endTime":2198.312,"body":"So thanks again for coming."},{"speaker":"Louis O'Conner","startTime":2199.182,"endTime":2199.662,"body":"Thank you, Mike."},{"speaker":"Louis O'Conner","startTime":2199.942,"endTime":2200.472,"body":"A pleasure."},{"speaker":"Louis O'Conner","startTime":2200.472,"endTime":2200.832,"body":"Thank you."},{"speaker":"Average Joe Finances","startTime":2200.832,"endTime":2202.002,"body":"Yeah, absolutely."},{"speaker":"Average Joe Finances","startTime":2202.002,"endTime":2205.932,"body":"And to my listeners that are here with us"},{"speaker":"Average Joe Finances","startTime":2202.002,"endTime":2205.932,"body":"right now, thank you so much for joining"},{"speaker":"Average Joe Finances","startTime":2205.932,"endTime":2210.552,"body":"me and our special guest, Louisie O'Connor"},{"speaker":"Average Joe Finances","startTime":2205.932,"endTime":2210.552,"body":"on the average Joe Finances podcast."},{"speaker":"Average Joe Finances","startTime":2210.912,"endTime":2213.882,"body":"Go leave us a five star review"},{"speaker":"Average Joe Finances","startTime":2210.912,"endTime":2213.882,"body":"and tell us what you liked about"},{"speaker":"Average Joe Finances","startTime":2213.882,"endTime":2215.712,"body":"today's episode with Louis."},{"speaker":"Average Joe Finances","startTime":2216.132,"endTime":2218.762,"body":"Aloha from Hawaii and have"},{"speaker":"Average Joe Finances","startTime":2216.132,"endTime":2218.762,"body":"a great rest of your day."}]}