hi this is mike maloney with jeff clark once again jeff how are you doing i'm doing great mike it's great to be back with you again of course so we got lots of fun stuff to talk about today we're going to fly through this video so keep up with us here so here we go this first article is actually on our website on our home page and it is the cheapest asset in the world and this came out uh late last week but it's still on our home page you can see it under the originals column and basically what i did here was i


compared the 1980 price for silver to basically everything else you you could possibly invest in i compared it to metals i compared it to commodities i compared to energy it compared it to stocks to real estate even bitcoin and for the most parts silver is cheaper than any other asset because it's just not kept up with it even returned to its 1980 high whereas everything else from its 1980 high is far higher so mike what do you make of that what's your reaction is silver the cheapest asset in the world


uh yeah well one of the cheapest you know there i think i don't know if you've got you don't have computer chips in here uh that's something that has gotten cheaper but that's because of technological development uh computer chips were in their infancy back then other than that i mean i challenge the viewers to try and find things that are uh cheaper today than they were in 1980. everything is about 10 times more expensive due to inflation of the currency supply and uh and uh silver being still selling


at a discount i mean it's basically it's close to half of its 1980 price that's like insane uh and we're using more and more and more silver you did another article recently uh about all of the technological uses uh that uh silver is having right now and that's how that's increasing and then on top of that uh the discoveries that we've had as far as the size of the deposits and so on the discoveries uh are waning at a time when demand is increasing and it's still so it's 1980 price


it's insane it's insane and that really highlights the opportunity the only things i could find mike were computer chips but of course that's hard to invest in and maybe the price of debt you know bonds bond prices are lower than they were 30 40 years ago uh but of course yields are horrible so on to the next thing here this is a tweet from my friend peter spinner mike and i have known peter for a long time he says great to see this shift here from sov to psov pslv being sprott's physical


silver trust now during the next move higher there's a greater awareness of which silver etfs to avoid and which ones to trust and he references a tweet here also mike from der gold report and he says update on the silver etfs yesterday now this would have been monday the sov saw another outflow of 6.9 million ounces uh that's the abbreviation in german by the way for millions so it's 6.5 million ounces while pslv saw another strong inflow of 2.3 million ounces on balance we now see over the past four


weeks that sov has had large outflows while pslv has seen decent inflows and he highlights a table here which is great um it's there's a lot to it but if you just go over to the far right the four week change and you'll see there the first yellow highlighted item there is sov its holdings over the past month are down 10 percent down to the next yellow highlight that's psov sprotts fund and it those their holdings are up 25 so mike what do you make of this trend here yeah almost 26 percent


uh i think this is phenomenal uh i think eric's you know when you read the prospectus and the 10k filings for slv and gld the big etfs that exist for gold and silver they're both written you know and these are written by armies of the world's best attorneys because these are the biggest banks in the world doing this and uh they have if if you really look at them closely with an eye toward how could these guys be cheating me how could they be setting it up so they can defend if they if they fail to


perform as this prospectus is saying uh how how could this be written so that uh they will not lose in court and you'll see punctuations that uh don't seem to make sense to you uh you'll see sentences where if you analyze them it either means uh the opposite of what you think it means the first time you read it or it means two things or it means nothing at all and it's just all through their prospectus and their 10k filings and so i've never trusted these things i uh and you know um shorting them uh


they've got uh decent short positions on them and you know i warned about this in my book there was a one particular sentence in their prospectus for slv that uh i really that really hit me that wow these are just shares and they have nothing to do with physical silver necessarily it said that in certain cases of of market illiquidity conditions the price of the eye shares may diverge from the price of silver and fall if it's silver how can it diverge from the price of silver it can't


that's that's just not possible so uh you know um eric sprott has done a very good job i believe of creating a closed end fund an enclosed end fund is uh they buy a specific amount of silver and then they sell shares of that silver and just through normal trading it either trades at a premium or a discount to the the underlying asset the silver that's in there and when the premium gets up high enough they go out and buy a whole bunch more and they issue more shares to go with what they've just brought


and that bought and that brings the price back down near the price of silver and so um uh but they're it's they're only issuing the number of shares that uh that they have with the phys i just trust eric sprott's thing a lot more however having said all of that the best thing i believe is to just own your own physical gold and silver and if you don't want to take delivery of it i mean it makes it a little easier to be able to buy it with a ticker symbol on a brokerage platform but it's just as


easy to uh go to a website of a a good trusted uh precious metals online dealer create an account and buy it there and you know i was the first one uh to create storage accounts that were third-party storage accounts where it's being stored by brinks or another brand name of vault trusted names brinks is is more than 100 years old i think it's more than a 150 years old at this point and they've got a motto nobody has ever lost a penny with brinks so if you want gold or silver that is as liquid as it is on


these trading platforms but it's it's all real gold and silver in your name it's not shares in a fund i just think it's best to do it uh through a precious metals dealer any comments on that jeff well i'm all about physical just like you mike and so i believe in creating my own trust instead of trusting in somebody else's trust and so that's why i own physical only that's really all i want to own so on to the next one here mike this is from our friend craig hemke of tf metals report he says


this is so outrageous comic silver has at least one 2.50 down day per month for six consecutive months and nothing but silence from the cftc that's the commodity futures trading commission the regulator of the comics comic silver has one single 2.50 update and suddenly quote retail traders must be investigated and he has a great chart here mike that shows all these big down days um and they're labeled not manipulation there was nothing but silence like he said from the cftc and then he has the one


update there uh where all of a sudden the cftc is saying this might be manipulation so uh he really calls him out and i do believe that that update was a manipulation the down days may be manipulations they may not be manipulations i'm really not sure uh what would be interesting is to see uh how these uh big down days line up with the maturity of futures contracts and stuff are there certain things that mature on dates where the price move tends to be very large and goes right into a price range


range that sort of neutralizes profits that somebody could have made if it uh the price stayed where it was the day before now there is however an old saying uh the bull climbs the stairs and the bear jumps out the window uh typically whenever there's a crash in something it happens much faster than the gains it takes a long time to make gains takes a very short time to give them back the biggest one day crash in history globally was the 1987 stock market crash and that really didn't have anything to


do with manipulation other than some people think that it could be the very early black box computer training that helped to aggravate that crash but i can tell you that the one day that was manipulated here is that green uh up candle that says manipulation it's not necessarily manipulated by the wall street silver crowd or people rushing into silver it is it got capped uh so that it wouldn't uh pierce that thirty dollar level if it had closed above thirty dollars the uh technical the technicals say that it


could have run a lot further and it probably would have attracted a whole lot more currency into that market uh pushing it much much higher uh but you know you can push it back down by adding on paper shorts now uh the they're trying to do a short squeeze uh on the commercial uh shorts but i i think that um some people don't realize that not all of these shorts are naked much of the commercial short position uh is because somebody is sitting on silver somewhere and these big commercial banks


are doing this on behalf of one of their customers they're selling short to neutralize the price you own silver and you owe silver and when the price goes up they basically they do this and they net out to the same price that's the reason that uh a dealer can buy silver at 15 bucks and uh sell it at 30 and make a 1 spread or they can buy it at 30 and sell it at 15 and still make a one percent spread uh that this is just normal market activity so the commercials actually should have uh they should be net short


and they should uh um that those short positions like i said they're not all naked but i can pretty much guarantee that on that day where silver took off because a whole bunch of people wanted to buy it buying something is uh legitimate it's honest uh short selling and uh short selling uh stuff that isn't covered that where you actually you're selling silver that doesn't exist that to me is sort of you know morally iffy so but behind this article there's a bloomberg law.com


article that um uh refers to the potential of the retail investors being invested the uh wall street silver crowd being investigated for manipulating the silver market and what that would lead to is a bunch of new rules that uh tip the scales even further toward the uh status quo the big currency uh people the the people that sort of control things the brokerage houses the big banks and i don't want to see that happen but this is just an excuse i think they're investigating the wrong crowd what do you think jeff


yeah obviously they are and that article that craig also links to in his tweet you can see there they talk about how the retail traders could be potentially prosecuted under anti-manipulation or anti-fraud theory so that seems uh pretty ridiculous and and impractical and you know they're not prosecuting the other ones all that often so uh yeah you know between this and the wall street bets crowd that did the game stop uh um uh short squeeze um i i think that the regulators may find some way uh to limit


the um ability of uh the small investors to play on the same uh level playing field with the big uh uh houses however you're getting when you start dealing in options and futures and and you're using leverage um you're you're getting into an area of professionals and when amateurs come into the area where professionals run the game they usually get cleaned out i mean gamestop was a spectacular spike but then it fell who were the who were the owners of the shares when it uh peaked and who


was short when it fell back down and my guess is that there were more professionals that were short making uh big gains as it fell and uh the big losers were probably uh the retail community small investors trying to make a sudden killing and so however i want to say that the uh the wall street silver people this is a smart crowd uh they are very well informed and they're spreading this uh education this information among uh you know a lot of people and so my hat is off to them they're doing a great job so hang in


there with it just know that this silver thing the silver story it's a longer term thing and the real fireworks are going to come when there's monetary demand and that comes with a crisis and there is always another crisis somewhere around the corner so it's something that is inevitable uh someday you just have to hang in there so short-term uh get-rich-quick uh currency that comes into the market and then if it doesn't happen it leaves that could actually do some damage to this there's been a lot of inflows


into the silver arena because of the uh this the reddit uh crowd and the information that's spreading but a lot of those inflows are this short term currency and if the commercials go short on top of that to suppress the price and then the get rich quick currency uh in there get with those people get tired and they decide to leave there's outflows and that's when the price falls that's when the commercials end up winning and uh and we just have to wait longer uh but you know i just want everybody


that's uh in this uh silver rush to know that this is inevitable there will be far far higher prices for silver one day uh i believe that it comes with a credit a currency crisis a financial crisis uh a banking crisis and uh when it does come having silver is not only uh potentially enormous profits but it's protection yes absolutely it really is great to see more and more people getting educated and learning about silver so that's been one very positive development to all this just uh hang in there don't give up


because uh like mike says in the big picture uh you know we think silver's gonna go a lot higher so well mike here's a reader comment from daniel r and this was a few days ago he says i loved hearing all of adam's quote money violations he's referring to adam taggart of peak prosperity who was on with us last week and and adam used the word uh money when he meant currency and he got gone for that a couple times i kept laughing and my wife thought it was crazy but i'm all for mike's suggestion that


we use the terms money and currency correctly it'll just take us a while to get it right yeah um you know i wrote about this in my in the book that you and i have been writing the great gold and silver rush of the 21st century and so i want to read you a couple of paragraphs here uh but you know i've been trying to do this myself for so long and it is so hard and i just decided one day you know i knew the difference between money and currency and i decided i was going to commit myself to communicating properly and define the


difference between these things and so this is from the book money must be a store of value gold and silver have maintained their value throughout the centuries and so they are the only currencies we can call money fiat currency is not has never been and will never be money treat this truth like gospel and you'll be ahead of 99.9 of the population from now on every time you open your wallet to use some debt based currency just stop a moment and think about how incredibly stupid the whole concept is


i've been doing this for many many years now and it has instilled in me a total contempt for currency but an ultimate respect for money so i hereby challenge you to please from now on use the proper terminology and differentiate the difference between currency and money never again use the term money when you're referring to the dollar yen euro or pound it's really hard to do i know because i've been trying to use the proper definitions since 2006 and i still make mistakes once in a


while but i always correct myself also if you're reading an article or listening to someone on finance or economics and they use the term money when they're actually referring to currency please realize that the pundit may not have a full grasp of the topic if you have the opportunity please let them know how hard you are working to try to use proper definitions and ask them if they would consider doing the same if we want to achieve truth and understanding we must choose our words wisely


as jp morgan famously said gold is money everything else is credit once the general public is aware of this fact the great gold and silver rush of the 21st century will be over with and along with it the great opportunity so i wrote that quite a while ago but you know it's true and i think everybody should take the pledge yes exactly we're going to come up with a pledge here one of these days we'll all take it so we can distinguish between money and currency and you know when you start referring to gold and silver as


money and you understand that it sure makes you feel a whole lot better about buying it and it kind of answers the question for you about even how much you should buy and how long you should hold it so it really does make a difference when you view it in the proper context so well mike we'll uh close out this video with you reading the meme of the day but before we do that uh just a reminder to sign up for our newsletter that article we talked about at the beginning of the video is on our website


and if something ever happens to to youtube or our videos on videos on youtube you'll still get our articles if you sign up for our newsletter all of our articles our research mics videos everything so sign up for our newsletter there the links below so you make sure you get everything no matter what happens to youtube so will mike uh close out this video for us with the meme of the day okay this is hilarious uh this picture with this little boy and the look on his face and he says so you're telling me i can buy real money


with fake money and what he really means here is so you're telling me i can buy real money with currency you're right because currency is fake money and then this is a two-parter this meme uh the next one is this little girl and the look on her face is great also uh me leaving the coin shop before they realized i gave them paper for silver these are great so i want to thank you jeff it was great this was a great video thank you mike and i will see you tomorrow okay see you then