Let me let me just on one one point that that I'm glad you brought up 2008. When that happened when the price fell from a,000 to 700 in gold and 21 to9 in silver what was very interesting in my market was that there wasn't an ounce of gold or silver to be found for the second half of the year anywhere. I thought we were going out of business and I'm dead serious. In 2008 the US Mint shut down a half a dozen times. The Perth Mint in Australia ran out of product for the first time ever ever.


Took no new business after August. The Rand Mint in South Africa was cleaned out. One wealthy Swiss businessman flew a 747 there and cleaned them out for the first time ever. [music] Something big has just shifted in the global financial system, far bigger than anything mainstream media is willing to admit. Japan, a nation that has been one of America's most reliable financial partners for decades, has quietly pushed back against US pressure. They are now unwinding more than $1.1 trillion in US


treasuries, contributing to one of the weakest bond auction seen in years. At the same time, comic silver inventories are draining at an alarming pace. Backwardation. Usually, a rare signal is becoming persistent, suggesting real physical shortage. And behind closed doors, central banks worldwide are buying gold in quantities that never make it into official reports. These are not normal indicators. These are warning signs that global trust in the dollar-based financial system is beginning to fracture. Andy Skman, one of the most


respected wholesalers in the precious metal space, says the patterns we're seeing today feel hauntingly similar to 2008. But the difference now, the scale is far larger and the vulnerabilities are deeper. From weakening treasury demand to disappearing physical silver to silent strategic gold accumulation, the world's most powerful financial players are positioning themselves for a major reset while the public remains completely unaware. In this video, we break down what has changed, why it


matters, and what these signals mean for anyone holding dollars, stocks, or paperbased assets in today's unstable environment. The Canadian Mint, the Australian Mint, and the A, excuse me, the Canadian Mint, the Austrian Mint, and the UK Mint were working 24 hours a day, three shifts, eight hours a piece, and they were as much as 12 or 14 weeks backorded across the board. And nobody, I mean, nobody sold anything. I am a authorized reseller of the US Mint. They said, "We will take no orders. We'll let


you know when you can when you can take it." And when they finally came back online months and months later into the fall, right around this time, they said, "Fine, we'll take your silver maple leaf order or your silver eagle order with $9 silver. You're going to pay 18 or 19 bucks and you're going to wait 8 to 12 weeks to get your product. You got to pay upfront." And the same thing was true with gold. What I'm saying is it was a paper derived smashdown drive by shooting. And if you do that now with


naked shorts when silver's in backwardation and the exchanges are being bled dry, that's exactly that's exactly the environment that these traders across the globe are going to jump all over and say fine, we'll stand for delivery. Where's the product? And that to me is an existential threat. And I wonder is it true to you that the only way to manipulate a market is to push it in the direction that it is going. But when you throw in the delivery ability to stand for delivery like we're seeing


in silver and the chaos that's creating in both physical silver and in SLV, I don't know. I think it's something that the that these traders would need to think very very cautiously about because I can tell you in the physical world there was not one person that sold anything and the price just cratered. So I don't know, it's nuanced for sure, but again, could it be different this time? Don't know. It feels it to me in my gut, but I defer to you guys. You have the the, you know, the career in and


technical analy analyzing these markets and and I respect that. >> Yeah. I mean, >> yeah. Well, I mean, look, I look at at at what's going on with the carry trade. You got Japanese pension funds pulling out 1.1 trillion out of US treasuries now because keeping money in America loses them money after hedging costs. And when you when you have Japan stop buying, interest rates wouldn't just stay flat. They would arguably explode. And you know, and I think that's the issue. Um, when you have uh 1.2 trillion


in borrowed yen funded crypto stocks, emerging markets, all this stuff has to unwind and every hedge fun, every momentum trade, every leverage bet built on free Japanese money is getting margin called. I think it is a very important trade. And um I don't know. December 18th is big day uh for Japan. There's a 50% chance they hike again. So what happens then? I guess you could say the world's biggest piggy bank just got smashed a little bit. I don't know. It seems that way to me. It seems big, very


big. And I would I would agree that it's probably bigger than people think. It It's interesting because the public is is really hasn't been a a a massive participant in in the gold rally. It's been more along the lines of the central banks and whoever the heck is importing billions upon billions every month into Comx, the sophisticated traders. Maybe it's some of the people listening to the chief investment officer of Morgan Stanley who said, "Sell half your bonds and put 20% into gold." Or Michael


Hartnett from Bank of America who said, "No, make it 25%." Or Jeffrey Gunlock who said, "Now 25%'s not overweight." Things I never ever thought we would hear. Um, I think the public is um behind the curve and if you look at the the recent data, they're all in on in the stock market, highest ever, largest margin debt ever, largest option exposure ever. The public's in the market, the big money, the central banks, the commercial banks, the sovereign wealth funds, they're the ones


that have been driving not only the gold accumulation, but the deliveries off of the exchanges. So, I think the public is the last one to get involved. and and really other than some very large orders by people who are paying attention >> uh you know I would say the public at large uh is is not involved in this market hardly at all >> can I ask you a question >> do you mind if I ask a question just to that end interestingly I think when retail really did try to get involved was when people were lining up in


Australia and it was at that local top right so uh we saw that on the news and I think that's classic market behavior what do you think it would take for the classic 6040 the raas in the world to finally decide hey we need some sort of allocation to precious metals a 60355 or you know 55550 whatever it would be it seems very strange to me that even with this massive move on gold you don't hear people advising retail to put it in their portfolio >> yeah it's strange to me too I mean maybe


maybe it's just it's it's just been so whitewashed out of out of the ecosystem that they Don't think about it. I mean, one of my very best friends is is manages three billion for Morgan Stanley here in Bokeh, one of the biggest in in the state, and he wouldn't know a gold coin if it fell on his foot. Yet, their chief investment officer is saying put 20% in gold. So, I don't know. I think typically, and maybe this is why there's the whole theory of Elliot wave and of wave, wave theory, human emotions that


drive the market. I think maybe they have to see it with their own eyes. But you know people who are successful I think move before the trend and and that seems to me to be the central banks who've been doing this for the last eight years and and now the sovereign wealth funds and now this the commercial banks. So I don't know maybe it just is is validation they need to see with their own eyes instead of doing what the biggest money has been quietly doing for quite some time and and you know you you


you look at at how gold has performed it's really done amazingly well and and outperformed most assets. Um, the fact that it hasn't been embraced, I don't know. It uh it's it's a it's a mystery to me, quite frankly. But I would think that it has to be validated by people's own eyes before you see anything substantive with the public or the the the you know, the local money managers or financial advisories. >> Subscribe now for more deep dive financial insights every week.