Silver is absolutely required for these things and the only thing that can fix this is [music] price and if they try to suppress the price and the comx if they can't deliver and a lot of the buyers are industry then this ex this exact thing just Dario pointed out something great here this is brilliant hi everyone it's Mike and Allan once again with the gold silver show and our producer Dan Rubuk just sent us a uh something from just Daario and it's important so we wanted to give this to


you Alan why don't you take it away and read the tweet actually it's it's not a tweet it's an X >> an X post yes thank you Mike so there's there's one principle in here that people sometimes forget and you'll see it in just a couple sentences just Dario says I see many people claiming that buyers of silver can be forced to settle in cash. Let me clarify one thing. You cannot put cash in solar panels. You can't put cash in EV cars or in semiconductors or anywhere else in the


industrial production where physical silver is needed. That's the important point. If manufacturers don't get the physical they purchase from traders, what happens next is they scramble to find it elsewhere. Otherwise, they have to stop producing. If they stop producing, they make no sales, hence no revenues. If [clears throat] cash settlements start to be forced, the physical market can break loose from the futures market. That will lose its whole purpose and that, trust me, will be catastrophic for many financial


institutions, even more than a silver squeeze. So, agree or disagree, Mike? >> Absolutely agree. But I would like to do a little modification here. I think it says uh you know that it's needed in EVs and and semiconductors uh and solar anywhere industrial production where physical silver is needed. You need to change needed to required because it isn't just needed. The alternatives for uh silver as far as conductivity in many cases there is no alternative but in most cases there are. It's gold,


platinum and palladium. So silver would have to reach those prices you know 1:1 ratio and the gold silver ratio before other uh alternatives become available. Silver is absolutely required for these things and the only thing that can fix this is price and if they try to suppress the price and this uh the the comx if they can't deliver and uh and a lot of the buyers are industry then this ex this exact thing just Dario pointed out something great here this is brilliant so yes >> yeah exactly and you made a point which


is the same as what Eric Young said here. Uh, price will solve almost everything. Price will solve almost anything. Price is a function of physical silver availability when it can no longer be papered over. So, yeah. So, if the if the paper market separates from the physical, that doesn't mean that the price has to stop going up and they can settle in cash and the problem is solved. Like they need physical silver for all these different applications. So anyone who's holding physical silver will continue to benefit


and anyone who held paper silver for that period of time will miss out. So it's pretty simple decision of what to do like in advance of a crisis you get physical silver. >> Yes. And this is something I've been saying for 20 years now. Uh do not expose yourself to the failure of paper. Paper is a promise and a promise can be broken. And there's one thing that I would like to say in uh closing here is that that line price will solve almost everything. He needs to delete the word


almost. [laughter] Price will solve everything. I want to thank you for this presentation, Alan. >> There you go. Thanks, Mike. Thanks, everyone. >> And thanks for watching. We'll see you next time.