Numisphere Podcast - Coins, Currency, Bullion
Welcome to the Numisphere Podcast, the ultimate destination for all things in the sphere numismatics. Join us as we take you on a an adventure through the sphere of all things numismatics, bullion, and collectibles.
Numisphere Podcast - Coins, Currency, Bullion
Navigating Financial Tides: The Silver Linings of Stacking Wealth
Ever wondered how to weather the storms of financial instability? Our guest, Brian, a seasoned stacker and devotee of fiscal astuteness, brings a treasure trove of insights on building financial resilience. Brian’s own journey began in the tumultuous seas of the Great Recession, prompting a deep dive into the waves of economic theory and historical financial patterns. He shares how a paradigm shift, heavily influenced by "The Creature from Jekyll Island," transformed his approach to asset accumulation, steering him towards tangible investments and away from the deceptive calm of fiat currency.
Hold onto your hats as we sail into the realm of precious metals, where I recount my first foray into the market with a solitary silver eagle. This episode charts my progression to achieving an enviable annual return that often outshines conventional investment strategies. We discuss the less navigated waters of counterparty risk and liquidity in traditional finance, emphasizing the power of investments that resonate with personal values. Brian and I paint a picture of gold and silver not merely as assets but as lighthouses guiding us through the fog of economic uncertainty.
Hoist the sails for our final chapter, where we map the strategic landscape of precious metals in the global economy. We unfurl the 'be your own bank' philosophy and examine how gold and silver can anchor a portfolio against fiscal downturns while offering a springboard for opportunities. Brian charts the course for understanding silver's undervalued status, its role in our increasingly electric world, and the prospects for a market correction. We close our tale by affirming the wisdom of precious metals as not just an investment, but a pillar of financial education and a cornerstone in the edifice of generational wealth.
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Disclaimer: The views and opinions expressed on The Numisphere Podcast are for informational and entertainment purposes only and should not be considered financial advice. The content shared by the hosts, guests, or any participants of the podcast is purely their own opinion and not intended to be a substitute for professional financial advice. Always consult with a qualified financial advisor before making any financial decisions. The Numisphere Podcast, including its hosts and guests, does not assume any responsibility for any actions taken upon the advice given in the podcast episodes.
Welcome on in to New Ms Fear, where we'll be talking about Chronicles of a Stacker. Here today, I have my special guest with us, brian. Brian, thank you so much for coming on down to the show. We do appreciate it.
Speaker 2:Yeah, good to see you again. Tj. Love the new studio. Thank you very much. Good job Good job.
Speaker 1:It doesn't look too bad, does it? That's great. Well, it's good job. Not too bad for a couple of coin, guys, right, that's right. Well, today we're going to be talking about something rather important. We're going to be talking about stacking as a way of a financial habit and kind of the Chronicles that come along with that, and for today, I felt like there was no better person that I would want to bring down and ask about the experiences of then the most avid, diligent and disciplined stacker that I know, which is you. So thank you again for coming down, good to be here and glad to hear my story. Awesome, awesome. Let's kick it off with. How did you even come into stacking?
Speaker 2:Yeah, I think we all other than us who are a little bit older in age maybe, but I remember the 2007 to 2010,. They had the Great Recession and really during that time I think, like most, lost a fair amount of money, and in my job I deal with information and data at a very large level. So, yeah, during that time I really just I was like I can't afford to really take that hit again. So I really wanted to just take the time and invest in that education.
Speaker 1:I remember correctly some of the statistics that were thrown out for that time frame portfolios were almost halved. I think the average loss was something around 45% of overall portfolio value. That basically went off into La La Land. It was evaporated.
Speaker 2:Right. And so at that time when people like we've talked about this before TJ when you lose that much, say you lose 25 or 30%, you have to double that to get back to where you were at before. So the last 30%, I have to do 60% to get back to where I was at prior to losing all that. So it kind of scares you when you start looking at the historical data. The historical data what happened. Looking at today as well, very similar.
Speaker 1:Just knowing the number of years that it took to build that for yourself, for your portfolio and I know that there were so many families and people that were affected. It was across the board, but basically it was that event that made you say this is not working. There's something that's not working here and I am definitely at the disadvantage. How do we make that different Right?
Speaker 2:Right, yeah, and I started on that journey, I think, because I was a consultant, so I spent a lot of times in my hotel rooms and I didn't really go out that much. So I'd spend that time just reading books, watching videos and trying to figure out what that one thing would be that would stand the test of time and keep its value, knowing that I'm just a normal person like anybody else you know, paid my way through college, paid everything so I was really looking for that magic information or piece of information that could really just help me understand what happened. Right, but only you know. How do I prepare for the future?
Speaker 1:Because you know. But it's interesting. You say that what happened and how do I prepare for the future, and you're tying those both together, and I think that that's extremely important for people to bring into their process of decision making is to be able to look upon the past, to see what's happened in history, and then to look towards the future and what is painted on the wall, you know, if something cyclical is going to be repeated. For us certainly it feels that way a little bit with some of the statistics that are out there now.
Speaker 2:Right, and to your said past and in the future, you get the boom bus cycles right. Right, you really started getting into that. But I'm like, well, why is that and how long has that happened? And you know, educated myself and you know I read the Creature from Jekyll Island, right, you know, that's the.
Speaker 1:That's probably one of the biggest turners of minds in the world Is that one book, when they hear about how the Federal Reserve came to be and who it was that was around that table and some of the things that were said and some of the things that were constructed for us.
Speaker 2:Yeah, I mean in this, think of all those decisions were made, just the handful of people which we, under Rockefeller's, vanderbilt, rothschild, chase. It's the same people, same mix today. So it's interesting to go back and to find out when that boom bust happened, as I went to that journey and I found out, well, that was really only a thing of Really after. You know, they had boom busts. Like you know, you hear a lot of craze in the past. You know the orchid craze, right, and things like that. That happened, but very, you know, very, but it wasn't all the time. That's like a point in history where we have, like you know, the up and down, the 70s, the 80s, the 90s, right, you know the dot com, you know the housing boom, right, and so we have these cycles. And then, finally, I realized that you know through reading and you know tons of YouTube videos and obviously a lot of great videos like here and do this fear of others right.
Speaker 2:I realized that there's two types of economies, right.
Speaker 1:There could be ran two different ways you know Keynesian economics and Austrian economics. Right.
Speaker 2:I was like, what's the difference and why don't I know the other?
Speaker 1:Forgive me if I'm wrong, but Keynesian is designed it's economic teachings are designed around a fiat currency system. Is that correct?
Speaker 2:Dead based Okay.
Speaker 1:So in the Austrian version utilizes money as in an actual source of value utilizing precious metals or assets, assets?
Speaker 2:yeah, absolutely so. Yeah, something is based upon a debt, a promise, and one's based upon a real thing. So that was my first journey as to, well, when did you know? What was the? You know, when we were in America, I thought we were gold backed. I thought we were you know, I thought we held these things.
Speaker 1:You know, and yeah, yeah, it's amazing, though, when you, when you start to learn and you're looking at the facts and you're trying to go deeper and you're trying to go further back as to why these things came to be.
Speaker 1:It'll give you a headache to try to keep up with how things changed hands, how the debt structure came to fall upon the United States and how it is that we came into the debt dollar that we utilize now and that we're under right now, not just in the United States but in a global economic scale.
Speaker 2:Yeah, and it's. And then you and then you start looking into it and you can see, well, how did we get to this place? And it's slow, it's a slow, slow. You know 1933, the compensation of gold. You know Absolutely 1960, like what. 1965 was the last year that silver was in circulation, right, and then it went a little bit to like 1970, 71, with a couple more coins and 71.
Speaker 1:Correct, and then it went 90%, 65,. They did away with that and then we had 40% clad in the half dollar from 65 through 70.
Speaker 2:And it's we all know what happened in August 71, right Sure that we were temporarily, I'll say temporarily, taken off the gold exchange right.
Speaker 1:Yep by Nixon Yep.
Speaker 2:And you know, reading into that and looking at Sir Francis de Gaulle. Charles de Gaulle, excuse me, charles de Gaulle in France you know, when he was going and he, he saw it from his angle. He saw it. The Americans, the US. They're spending a whole lot of money and they're supposed to back it up with gold, so they started trading in their dollars for gold.
Speaker 1:Okay.
Speaker 2:That Nixon, you know, of course. He said, oh, I got to stop this gold window. You know this exchange because of speculators. I'm like these were, these were sovereign nations that are asking for their, you know, and they saw that. So I think that was kind of a key point in history.
Speaker 1:You're looking at all these different pictures in history and what is the common denominator across this? And you're seeing all these economic shifts. What's the common denominator? It sounds to me like gold.
Speaker 2:Yeah, and it's. I think every time we're seeing we're seeing a fundamental shift. You can go back to 1871, we went from silver to the gold back soaps. People who had silver all of a sudden were the losers and people had gold, which were the people, were the benefactors. And then you had 33, which you know again.
Speaker 2:If you had, you know it was again you, just fundamentally you got worse every single time and it's slow and it's methodical, and you know, and again, it's what countries have, don't have central banks today. Yeah, you know, it's funny.
Speaker 1:I just want to stay on this for one more second here, because I'm even thinking back to silver. From my understanding, silver's been manipulated all the way back to the coinage act of 1837, if I'm not mistaken, the idea being that at that coinage act it stopped the ability for people who had mined silver to turn that silver ore into United States dollars through the US mint, and that service was ended, and from that point forward there was a kind of by default gold standard that was being issued.
Speaker 2:Right.
Speaker 1:And that's what was leveraged all the way through, until we saw the Federal Reserve come to play.
Speaker 2:But one key thing that I always go back to, in which they never bring up, in which people know, it's well, what defines a dollar? Right, it's what? I don't quote me on this, but it's like 0.3975 grains of silver. That's in our book, that's our book, that's our Bible, that's the Constitution. So you know, in everything else from that you have, you know gold was a derivative of silver. Then you have the certificates were derivatives of gold and silver. And then now you have dollars of derivatives of gold which are derivatives of silver. So each and then you have derivatives in the stock market which are just the same thing. It's just you're just diluting the money supply. You know you're making things more available, right and when. If demand's good, great, then that's. But you know, if demand's not good, where did those dollars go? Right, come by you know.
Speaker 1:So you're sitting here, you've seen all of this history, you're getting the snapshots together and you want to make a change for yourself. You're trying to make sure that you are not exposed to the same risk that you were exposed to during the Great Recession, and how to be at the best advantage you can. What is the conclusion? What did you come upon as the new financial habit that you were going to include to make that difference?
Speaker 2:So, yeah, my conclusion was really there's only there was one thing that was consistent throughout our history and everybody's history, not the US, but look anywhere and the only thing existing today it's gold and silver that were always been a monies at some point or it's been part of a reset. So if something got bad and they've got currency, got crazy or went out of whack, the default was to go back to a value or a derivative value of the precious metal, then they would fall back to whatever was working before.
Speaker 2:I think it's easy to do you start here and you end here, and well, guess what? Well, it really worked really good back here. So let's go back, let's work our way back to that.
Speaker 1:So you find this conclusion, you come upon. Gold is the answer. How did you start out? What did you do as somebody who has come to this conclusion and wanting to make that change? What were the steps that you took?
Speaker 2:Well, I think, getting past the anxiety that comes with it too. Once you realize too and some people realize more than others they realize oh wow, this is a big issue and I gotta start that right. But what I did is I wanted to. I didn't want to tell my wife, I just wanted to do so. I wanted to be a hobby and more. I just wanted to get into it and understand it. So I just stopped going to like a donut shop in the morning or a coffee shop, or save my lunch money and I would go down to a local place in Milford which your father.
Speaker 2:Bruno right and put it back in today. That was in those. I remember. It was December 2011. And I was working at a company in Milford. Here and there, was-.
Speaker 1:You stopped by the shop, yeah, but I got one silver eagle. Okay, one silver eagle, and that's what started you off on your journey.
Speaker 2:And it just felt good, you know, and at the time I think I bought it at the height of the market too.
Speaker 1:Okay, that's usually the luck right. It's really good.
Speaker 2:Yeah, I think 2011,. Right, I think we all agree that was. You know, it was up to over $40,. You know, and that was my first one, and I did that every week, I would just do one coin a week, okay, and then from there I started, you know, just adding to it, adding to it, adding to it little by little, and again I was, this was a little $30 a week, you know, or even less I mean you could. So my whole thing was just adding to it and over time, you know, what I've been able to see is the whole thing is not losing, right. I don't come from a family of means or anything like that. So you know, you work hard. You can want to keep what you make, right.
Speaker 2:Absolutely and you know I look back now. I've been stacking for 13 years, going on 14 years of stacking and basically now I look back and I started looking at. You know the price of you know this up and down, up and down, but for me I've been easily been making 9% on average every year, and that's with no counterparty risk. Wow.
Speaker 1:I know you just look at so by buying consistently, with the ups and downs throughout that period 2011, all the way to current you're taking a look at your costs. You're taking a look at liquid market value and you're up 9%, 9% year over year. That's pretty solid. I mean, that sounds as good as some mutual fund portfolios right, if not better.
Speaker 2:It. Actually it beats everything. If you look at gold and silver, like historically, and you look at the stock market S&P 500, I mean it doesn't you know why would I take the risk of that when I'd have something that I really don't have any risk? I mean, you know there's some up and down, but that's me at that you said no counterparty risk.
Speaker 1:Talk to me about that. Talk to me about what counterparty risk is and what having none is as an advantage.
Speaker 2:Yeah, so if you take a look at like a stock market, they have something called derivatives.
Speaker 1:It's a bet.
Speaker 2:basically, Derivatives are just a bet. I bet something is gonna go up next month.
Speaker 2:You bet it's gonna go down, we agree. It's a bet and the winner takes all. So somebody is always losing in that right. So I'm investing, I'm doing that in our quotes, but you know I'm speculating that something will be and I'm looking for a bet. I'm looking somebody to take that bet on the other side and you have plenty of guys that will, and that's a whole nother discussion about who takes that at the side of the bet. That's you know they're supposed to be investing for you. But that's another, but no, in really kind of party risk. Getting back to that, it's. You know, when I buy gold or silver, platinum platinum for that matter I mean I just have it. It's just mine, you know. And when you look at like, just the cost of like let's go to silver, right, it's starting today around $23, $24, whatever it may be, the cost of manufacture to mine it and get it to me is minimal. So what's my? You know, anybody who looks at money, you know, or you know what's my downside. What could I lose?
Speaker 1:And.
Speaker 2:I'm looking at that, going why wouldn't I, why wouldn't I? And so the counterparty. That's what? Yeah, and I think that's most people are involved in counterparty risk you know, derivatives, and they just don't know it.
Speaker 1:They also don't need to call up their agent and say, hey, sell this and can you make that into my account, and it usually takes what like seven to 10 business days before you get that check that you can deposit into your account.
Speaker 2:Well, you know what you make up a really good, really good thing, TJ, on my journey right and I saw that I wanted to use my following, I wanted to, you know, do some adjustments to it.
Speaker 2:And some of that took seven, eight months to get out of, wow, wow. So I mean I did, I mean I'm true to my fashion, you know, I wanted to truly reflect my beliefs and but yeah, but first I did went to my money manager, you know, and I said, hey, I'm gonna invest, you know, and precious metals, and he just didn't have a product to sell. And I think that's what you find with a lot of them there's no money in it for the brokers, you know, without your money they're broke Brokers.
Speaker 1:Valid point. Valid point, that's. It just amazes me, right, the? It's your asset, right? And then, when you have zero counterparty risk and you're custodying your own physical precious metals, it's simply turn of a dial on a save, for you know, going to that secret place to pull out your a portion of your stack and you can liquidate it at will.
Speaker 1:It's really not too hard to do. I mean, you do it at shops like this, you can do it amongst peers. Yes, there's a lot of people that are seeing the value of precious metal and utilizing that in commerce.
Speaker 2:Well, it's not complicated, it's just. You know, a lot of people go I invest in gold and silver and I say that in a way, but I really don't. It's just money. So I do like any good person does with money I hoard it. There you go. You know, it's just money. It is the definition of money, right? So you know, I think that's what also in my journey, it's words are important, right? So there's currency and there's money. The two aren't the same, right? So you know? And then just looking at that, and historically every time it just reinforces that, that the idea of what money is. So I think that's key. And when you get Austrian and Keynesian, a lot of people do all this thing but they just don't really get it like this is money.
Speaker 1:So it's funny to me, because you take the perspective of what brought you into this the impact that the recession had on you financially and then you look at where you are now and it sounds like you've solved your problem.
Speaker 2:Actually, you know, and it takes a lot of the stress out of it you know, we as individuals in the US we tend to give away a lot of things to you. Have a guy to do this.
Speaker 1:We have an investor we have a mechanic, we have a, we have that we do it with our money too.
Speaker 2:We naturally just give it away for somebody to do. But the crux of it all in my education of myself, it's just, it's simple. There's nothing more complicated besides. All you're doing is converting your currency into money, right, and you can just go back on that. And no matter what it is, it's always has value because it took a level of effort to go mine it. We'll explore to go find it Sure, right, get the permits and God knows everything that goes along with that, and then getting the people, getting the infrastructure and all that you know the equipment, the capital.
Speaker 1:I mean this is huge expense to pull that out of the ground.
Speaker 2:Absolutely so. It's a reflection of all that labor. And getting back to that kind of like education, and why I got here is like I wanted that one thing that that you know keeps its value, it keeps its promise. Right, you know where I hold a dollar bill. Let's loss 98% thereabouts of its purchasing powers since 1913, right, so it's two cents or less at this point, but you know.
Speaker 1:And then we look, of course, at the value of the one ounce gold coin where it was in the 1920s, where it is today, 20 dollars. We always use the the $20 mark, right, but it could still buy you. Its purchasing power would be a nice suit, right? You could do it back in the day in the 20s. You could do that with a gold piece today, absolutely, and that's definitely, I think, one of the loudest things that can be said about precious metal and its retaining of purchase power.
Speaker 2:Yeah, and I sleep well at night.
Speaker 1:Yeah.
Speaker 2:And I do what the bankers I mean. I don't do anything different. What I found out, ultimately, is just to watch what the bankers are doing.
Speaker 1:Not what they're saying what they're doing. Right, where's the money moving?
Speaker 2:Right.
Speaker 1:We've seen some recent activity in the markets right, I think I just shared with you. Over the weekend we caught news that there was a short position that had been built up over years, decades, Decades, and within one trading week we halved that short position and half of those shorts were liquidated out of the market.
Speaker 2:That to me has hit a lot of folks who are, you know, fellow stackers or in the commodities you know realm. That, yeah, I think everybody took notice of that last week and that definitely yields some curiosity for me about what's to come in the near future.
Speaker 2:Well, you know, I think, and you know, getting back to where I think, I texted one of my friends or the other day and I said I go, it makes sense to me while they're doing this, because what I'm looking at the Asian market and this is just me looking but what I've found, and like the Shanghai Gold Exchange and stuff, is they're willing right now to pay over $2 per ounce than the West is, and well, for the gold. So unless that equilibrium cups, I mean prices rise, rise. I mean it's, it's just gonna go, it's gonna go East. All the metals. So I expect to come up, you know, and everything, all the charts and graphs and, like you said, the short position was now, which is, you know, people are. Short position means what? I think it's gonna go down right.
Speaker 1:And if those shorts are liquidated, it's an indicator that the banks would be taking on a long mindset toward silver, and that's what interests me most. But I digress right. So, with all that, it really sounds to me like you have freedom, you feel calm, you've simplified your life, you've taken on a new perspective on the value of money and what money is.
Speaker 2:I'll tell you what I got. One thing I wanted to basically say is four words that I live by be your own bank.
Speaker 1:Be your own bank.
Speaker 2:I had a lot of good mentors, you know, over the years on my journey that basically said be your own bank. And I really never understood that. I mean, it sounded good, but you know, again, I'm buying a coin a week. What am I gonna do with that? But over 10 years and over time, yeah, actually it makes sense. Now, if you wanna, you know, start a business or use that as leverage against the loan. You know where you can buy a company with your assets. You have. Take out a loan, buy a company, then it pays you back, and now I get my gold and silver back and now I own a company.
Speaker 1:I mean, it's just things like that you can do, you know there's a lot of it's impressive, it absolutely is Tax implications and it's about moving that value around. There's just so much ease.
Speaker 2:I control it Right. I don't need to go to somebody, I don't need to talk to somebody.
Speaker 1:And that's the counterparty risk that you've avoided. Would you say that's your favorite freedom that you've pulled out of the precious metal?
Speaker 2:Absolutely absolutely Just. You know there's no counterparty and I'm 100% in control, but I think it's just that simple education, just understanding there's different ways that money can be defined, used and also finally manipulated too. So you know, I think you know as well, as I know there's plenty of eyebrows raised.
Speaker 1:There is, there is. I'm always trying to be careful about what we say on the show but there's definitely room for many, many questions to be happening amongst the public right now?
Speaker 2:Well, when you take a look at derivatives like anything else, is the potential there for manipulation to happen with short positions?
Speaker 1:Right.
Speaker 2:Of course, just like anything else in any other commodity you know. So you know it's there. Yeah, I mean, is there plenty of you know legal things about that happened over the past two years that caused banks a lot of money because they got caught right in the cookie jar.
Speaker 1:So, with that being said, all right. So we are in the middle of this geopolitical scenario lots of debt building on ourselves. It doesn't look great for the global economy, not just the United States economy, but specifically the dollar. What's going on with the United States? What do you see the role of precious metals being in the global economy in the future?
Speaker 2:Well, I think we're at the end of a cycle. We talked about cycles boom, bust cycles right, we talked about and if you look, we're at debt to GDP. So, basically, how much debt, how much we actually make per year? We're roughly I guess I tell everybody to do your own homework, but I believe we're probably 130% of debt to GDP and that's growing every day.
Speaker 2:And history tells us that anybody who goes over 90% debt to GDP defaults. So that to me was and you see that you know grown and I think China's at it, everybody's well over that mark. I think China again at like, probably 300%.
Speaker 1:This isn't just a United States specific problem. I think every country across the G20, all of them are in debt. Not one of them is in the surplus.
Speaker 2:Historically speaking, it's been like the Weimar, zimbabwe or Brazil, argentina, right. You have all these hyperinflations going up and I think to me those were just indicators of a weak economy and obviously a weak government. Obviously corrupt governments are governments not as on the up and up as they should be. But I think we're at that time now where we're seeing everything hyperinflate to some extent home gas, cars, $100,000 truck what's that about? Right, who could afford that? But I think we're at a change and, as people say, end of cycle. But I also say it's a beginning. I think we're, and now we just I think that as a mantra, and it's dynastic wealth, it's one of those things. So it goes beyond me.
Speaker 2:It goes to my children, goes to my children's children. Right, and really, if looking back at history and looking what happened, everything smells really similar and to your point you said this is everywhere, this is worldwide, we're all having it, we're all connected. Absolutely, we're using the dollar World Reserve currency. We have the bricks coming in. They're basically here. We have bricks, tokens, we have.
Speaker 1:There's a rumbling occurring, is what it's alluding to? Sure. So, with that in mind, what does precious metal do? When this gets shaken up, where does precious metals fall?
Speaker 2:Well, I got car insurance, I got health insurance, I got home insurance and now I got money insurance and what it does it? Basically I'm, basically it's my insurance. If I don't use it, I still got it and I'm still making nine to 10% of every year. And if something goes bad, guess what? History says that there could be a potential you actually only can do. Basically, you're maintaining your purchasing power, you're maintaining your ability to maintain a lifestyle that you're used to, and maybe even better, because during this time, if you notice the ones who are the diagnostic wealth the Rothschild, vanderbiltze and so forth they understand that these cycles, that homes go up and homes go down, and there's these little balances. So my goal was to ultimately be heavy on something that's undervalued and not be so invested in things that are overvalued.
Speaker 2:And then when that switches, then obviously you could shift some of that stuff over too. Now, something that was overvalued now is undervalued.
Speaker 1:That can be a difficult game. It's a very long line and that itself comes at risk.
Speaker 2:You know what I found, though, more than anything? Tj in my tenure, and I got to say everything else. It's patience. Patience, because I think we've been taught in our entire lives just to investing and making that profit. Investing and making the profit this is basically you're sitting down. If you want to, like the banks and rich people, they go yeah, throw 20% of my total wealth into precious metals, and then I could be stupid with the rest because I got this at the side. I could be dumb with the rest of it, but keep that insurance, that's my insurance. I don't touch it, it's there. It's not there all the time, but again, it's my insurance and it's very simple too. So people continue to speculate into the sock market like they do. It's a risk reducer, risk reducer yes, a risk reducer.
Speaker 1:All right, I got two softball questions for you, so we can wrap this up here. Softball question number one what is your favorite precious metal today and why? Certainly students. I want to scholarship and make my hiring. Those deserve Nice job.
Speaker 2:What's that as far as a coin, precious metal, my favorite precious metal, silver, silver. By far why? Well, out of all the assets since the 1980s, it still doesn't hit as 1980 high currently. So, it's the most undervalued from an industrial aspect. It has a strategic industrial aspect to it with the electrification of everybody's up to. It's all silver. I mean, silver is the binder, and so all these things is what makes me love silver more than anything else.
Speaker 1:Absolutely, and of course we have the ratio that could potentially correct itself to the historical trend, back to the 15 to 1.
Speaker 2:I think we're trading somewhere around 90 to 1 right now and I think it's coming out of the ground. I think this year don't quote me on that about 7 to 1.
Speaker 1:All right, last softball question, and then we're going to tie it up for everybody. Is there a too much when it comes to stacking precious metals?
Speaker 2:If it's, yeah, if you're putting your like I'd say anything that's uncomfortable, that is, it's getting in the way of you paying your normal bills or anything, that's too much Valid point. So otherwise, to me it's a saving.
Speaker 1:If you aren't able to repeat the action in a consistent basis as a part of your financial life, you'll end up backtracking, selling out at an inopportune time and have a negative taste in your mouth. That's right, so you can't overspend as you hop in. Be disciplined, have a plan, be consistent.
Speaker 2:Absolutely, and you can always adjust with it too. You might make a mistake and do this way, but you know, and have to sell some back, whatever. But to me it's just a piggy bank yeah, gold and silver, so you learn a lot too.
Speaker 1:You learn through mistakes. Of course I've done it. I think I haven't met a stacker that hasn't made a few mistakes along the way, but we're trying to help everybody here, avoid as many as they can and make those wise choices.
Speaker 1:Brian, I want to thank you so much for coming down here onto the new Misfire. It was an absolute pleasure. I hope that we get to have you back on this show. There's so much more to discuss that we really held ourselves back. Folks, we did All right. There's a lot of rabbit holes we could have slipped down and we probably could have filled another two hours of content, but hopefully we'll have you back on the show sometime soon.
Speaker 2:Anytime.
Speaker 1:Talking about something relative to this.
Speaker 2:Love the studio, love the studio.
Speaker 1:Thank you so much for coming in buddy you bet.
