We're at the New Orleans Investment Conference and I'm here with David and David's got a question for me. I he's springing this on me. I do not know what the question is. What's your question? >> Uh so the question is that central banks are buying gold a lot. Uh but they're not into silver at all. Uh one of the reason is that IMF regulations is u doesn't recognize silver as a reserves. So it doesn't make much sense for central banks to own silver. But when the first central bank at some point


will probably decide that will buy any any silver or second uh central bank for how many central banks will be enough of the physical silver for them to you know fulfill their demand if they choose to >> well there's already three central banks that have started purchasing silver the Russian central bank purchased silver as as a reserve and India did recently and I don't remember uh >> as a Saudi Arabia or something >> Saudi Arabia So they purchased SLV. >> That's what I heard. Yeah.


>> Okay. Well, SLV, if you read the perspectus on these ETFs, these uh ETFs uh are created by armies of the world's best attorneys. And when you read the perspectus and the 10K filings, uh what you'll discover if you really look at it closely and analyze every sentence separately is every sentence either means the exact opposite of what you initially think it means or it means two things or it means nothing at all. And so when I read these things, I look at it as I'm I'm I'm


looking at it with a very suspicious eye as to how could these guys scam me. So for the Saudi central bank to be purchasing SLV, uh I think they should be taking delivery of thousand bars of silver. But that's just my opinion. But the point is that silver is reexerting itself as a monetary metal. and uh the this these first three central banks uh that's just the beginning. Uh so you know as things fall apart and I do believe that they're going to be falling apart over the next couple of years. I


think that all of the world's central banks are going to be looking around going what worked before and what worked before was gold and silver and so we're going to see a big resurgence. But thank you for that question. That was awesome. Anything else you want to say? Uh, thank you Mike a lot for your for your work. I'm from Poland. Uh, me and my friends are watching you. >> Okay. So, you came here all the way from Poland? >> I did. Yeah. >> Awesome. >> So, the uh I want to thank you for


watching. We'll see you next time.