hi i've got jeff clark with me again and we're going to have a little discussion on what's going on how are you doing jeff i'm doing great today mike and glad to be back with you again so we're going to jump into some interesting things today that are still going on in our favorite markets huh this first article is from uh what's on zero hedge but it's from the u.s mint saying that it can't meet surging demand for silver and gold by the way um now january is usually one of the strongest


months for demand for uh gold and silver bullion coins from the many other mints because that's the the month that the new year comes out the new coins year uh is produced and and released and available to purchase so demand is usually high in january so the mint you know uh geared up for higher demand in january and yet they still can't meet the surge in demand for silver and gold coins so what do you make of that development mike well it uh shows how rigged the market is as far as the paper price falling and uh


physical supply is vanishing yet the price is going it doesn't make any sense at all the the supplies would dry up the way they have uh it's getting very difficult to source silver anywhere and uh and yet there's the price is going down today uh it's it none of it makes any sense uh but i i think that it's amazing that we've got these shortages going on and the price is where it's at but what this means is that one day it's just going to absolutely scream higher we just don't know what that day


is yes as you and i talk gold's basically flat silver's up 0.6 uh the article says sales of u.s gold bullion coins uh rose 258 in um 2020 while silver coin demand was up 28 so the surge has been very significant for uh physical metal uh and that's as of january the end of january yeah it's uh there is a tremendous demand right now and not enough supply to meet that demand uh unless you're buying paper if you're buying silver ious you can get them cheap we're on to tweet of the day and this is


from our friend mike david morton he is responding to a tweet from bob coleman who lists the um the amount of shares that slv holds and they continue to rise throughout the month but yesterday february 2nd tuesday the shares jumped up to 729.1 million shares and that is according to him a new all-time one-day record in the amount of increase share for shares in slv and david morgan response that saying bob this is epic people have no idea what is really going on but if this trend continues those that


sold what they don't have will soon get a lesson what do you think of that mike i think he's absolutely right i think that uh it's very interesting that uh slv and all of the transparent uh silver holdings uh nick laird of gold charts r us uh does a great job on keeping everybody up to date with the latest uh um you know he has huge databases and he's updating these things constantly and the amount of uh silver in when he says transparent silver holdings this is the commodities exchanges and all of the


different funds and so on that do reporting and where this silver is coming from i don't know i mean uh that's the thing is i you know these funds to me they're highly suspect uh the things like slv i just don't trust them when you see that nobody can source any silver right now yet there's these millions and millions and millions of ounces flowing into the these funds where is it coming from uh you know physical silver you have to dig up and you have to process there's a


long period of time between uh discovery production and then even when you're in production from the time you dig up the dirt to the time you've actually got a bar on the commodities exchange is is quite a while and so um uh where all this silver is coming from i do not know uh this is a mystery and um it makes me just not trust the system that's the reason that i hold physical right that's the point if you don't trust the system or if you have it just even doubts about the system


hold physical that's that's the answer at least it is for us so okay now it's time for chart of the day and this is an interesting one mike we've talked a lot about how overvalued the stock market is but this chart shows that insiders have rarely been as bearish as they are now and what this chart is showing is the proportion of firms for which net inside are buying is positive in other words if they're buying if insiders are buying the line in this chart would go up if they're selling if they're bearish


the line is going to go down and look where the line has gone it's now more than two standard deviations below the average so mike a lot of insiders are very bearish on the stock market so what do you make of that well i wish this chart went back further because at one of my first speaking engagements back in 2005 i basically presented this chart and what it was showing in august of 2005 so this was while the uh real estate bubble was in full swing and it went for another year but then we had the global financial crisis


of 2008. so this is like an early alarm bell is what it is this is uh telling us that something bad is going to happen at least the insiders these are the people that uh when when they're talking about insiders these are firms and when they start when they started they create stock and so these are the owners of those companies and uh they're they they either there's buys and there's cells and right now you know we're down to uh only one out of 10 uh insiders buying their own stock


they're they're selling right now so insider net buying is uh would be positive there's always more uh cells than buys uh because they um they started by issuing stock so they have a lot of stock uh so throughout the years they're they sell off a little bits of the stock so there's there's more cells than buys normally but that ratio is something to keep track of and uh we're seeing it at a point that it hasn't you know it's never been at this point uh on this chart if it went back to 2008


you would see that in 2000 uh six and seven it looked like it does now so yeah we get ready for something there's something coming at us you know right right we know what shortly happened happened shortly after that uh that big dip in insider uh sellings right and this is happening with interest rates at these historic lows and when the interest rates are at these historic lows companies have been borrowing at basically free currency to do buybacks of their own stocks so this should actually be much much higher than


that this should be like uh above 30 if uh things if there wasn't something wrong out there but this shows that there's something wrong on to viewer comments mike and i really like this one this is from bill uh norvel norvell i'm sorry if i'm mispronouncing your name bill he says i can't begin to tell you how appreciative i am that you created this series mike and he's referring to your series hidden secrets of money i teach high school and assigned the entire series for my students to watch


take notes on and be ready to do worksheets over you're going to get a lot of views from that so mike what's your reaction to bill's comment on your hidden secrets of money i think it's wonderful you know um years ago i was speaking up uh in vancouver canada there was a teacher that had flown in from san diego just to say that he and he came he's uh teaches economics in college he was using hidden secrets of money for his students in college and for somebody that i have no degree in economics uh it does


make me happy and very proud of the work that the team has done on that uh aidan macnus uh lincoln jude and dan rubach uh spent a lot of their lives uh working on hidden secrets of money and then you know the traveling all over the world to sort of follow the history of money but doing something different it isn't just the history of money it's the history of money and how it applies to your life today you know the pair you can draw parallels with rome and with uh athens uh with with what the us is doing


to its economy today um and uh so it's it's very rewarding to hear things like this i i really do appreciate it so i want to thank him very much for the comment yes a lot of people like that series and if you have not seen it uh grab some popcorn and watch it it's a great very educational series uh highly informative and a really kind of set your mind on okay what exactly is currency and what exactly is money and how do those impact you know affect my life yeah you know you mentioned uh


making a bowl of popcorn uh i do think you know if you watch episodes nine and ten the last two episodes in the series uh those go together very well on a big screen uh you know and they're all shot in rome basically it's all we went to italy to shoot that so you're a lot of it takes place in the coliseum and so on yes very fun yeah for those of you that have not yet read mike's book please grab that book and read it that that gives you a perfect overview of where we're at and


where we're headed uh still it's still applicable to right now in fact even more applicable i think you would say right mike yes yeah it's more pertinent today than it was the day it was written uh and it's available for free on our website just go to goldsilver.com uh and you can download it so uh you know get a copy especially if you're considering investing in precious metals you should know a little bit about what you're doing first uh it's you know in there i think


i take apart some of the uh it was either in there or in an article or somewhere but i know that i've sort of uh taken apart the prospectus and the 10k filings of slv and gld and uh these things are what most investors use as their tools to invest in gold and silver and they are giving you price exposure to the spot price but it's you're not buying gold and silver you're buying shares in a trust that is supposed to be backed by gold and silver but then you know these things are written by


armies of attorneys and when you read it there's things that either mean the opposite of what you think it means if you really analyze it or it means two things or it means nothing at all so you know it's it makes me very suspicious when i see the way that they wrote these things yes not just suspicious but as soon as you buy a paper product you introduce counterparty risk and that's the very thing you're trying to protect against when you own physical so that's that's a large reason why mike and i


only own physical so yeah mike as we wrap this video up i'm going to let you uh read off our quote of the day okay this is from one of my favorite economists and everybody you know i just watched a documentary on thomas sowell and he is an economist that really has helped to change the world and he's more than an economist i mean he really uh comments on on he's such a brilliant thinker and he thinks processes through and he says what is history but the story of how politicians have squandered the blood


and treasure of the human race and it is so true you take a look at what's happening now and we're uh doing life extension we're about to go to mars we're doing some amazing things we're able to do things like you know you cut off a finger and we're going to be able to regrow a finger we're going to be able to replace organ parts with things that are printed where the human race is just doing these amazing things and these politicians that are these highly competitive


uh people full of testosterone that we we keep on electing these bumbling fools that are uh like out to destroy everything uh they they steal from us and they get elected by promising uh the majority of people a bunch of free stuff and with that free stuff where is it going to come from well we're going to steal it from other people when we're going to transfer that wealth so what is history but the story of how politicians have squandered the blood and treasure of the human race that's


the quote so thank you very much thanks jeff and thank you for watching and we'll see you next time thanks mike you