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 you're going to probably see gold and silver continue uh rising but with pullbacks and i'm hoping we go through one of these cup and handle pullbacks where we get a pullback that lasts quite a few months here hi this is mike maloney and i've got jeff clark the senior precious metals analyst at goldsilver.com with me today jeff just wrote a great article and i wanted to call you jeff and tell you congratulations it's a it's a great article well written very personal yes thank you mike it's an honor that uh

you would think so so uh yes it is a little more personal i'm used to doing a lot of chart work and things like that and research but this was a little more personal and yet i think it's one of the most important topics that especially today where we stand today in society politically economically monetarily i think it's an important topic yeah uh the title is the doctor is in uh why go why owning gold and silver can improve your mental health and it reminds me a lot of you know years ago i did the top 10 reasons i own

gold and silver and uh my reason number one is i sleep better is that so that's basically what you're saying in this article right yeah so just to give a little bit of background i i haven't really talked about it a lot in the gold community but i used to be a vocational rehabilitation counselor way back in my earlier life and that's what my master's degree was in and i worked with people who had who were disabled who got hurt in the job were permanently disabled and can no longer go back and do what they used

to be able to do so a construction worker for example that can no longer you know hang sheetrock or whatever and he had to find a completely different line of work and i realized early on that i i did have some success i was in you know in demand and i attributed that success that i had to one thing in particular and that was this um if i could give them hope i had them we could be successful and a lot of times that really really worked and i relate that to today because we need hope as citizens and

as investors because otherwise we're relying solely on you know paper money and political promises and other investments like stocks and bonds and real estate and gold gives us something different gold gives us an edge it gives us financial hope that we don't really have otherwise and so i'm very thankful that we have uh gold and silver that we can invest in because it does give us hope for the future yeah yeah in my uh countdown uh you know i've got 10 reasons i own gold and silver and the

number one is it makes me sleep better at night and you talk about uh getting insurance before the storm hits or before your house burns down or before the tornado strikes not after being able to relax a little gives you hope you've got avenues you're not um uh you don't have the anxiety that somebody has that's just all on one side of the boat and that side of the boat is very speculative so the you you talk about um some of the reasons uh if you know it's real money uh no counterparty risk uh uh

it will always have value it can't go to zero it's not just not possible where the entire s p 500 one day every company in it won't exist you know uh i think the only company that uh is in the dow from back in the twenties that it is left is general electric and i don't believe they're in the dow anymore so all the companies in the dow have uh either gone by the wayside merged with other companies uh you know they're extinct or they're they're small and uh where gold is just

forever and you know we don't talk about silver enough sometimes silver is just gold on steroids you agree absolutely that that's been proven out by history there's you know any sort of research or glance through history and that's exactly what you'll see and silver's actually been money or actual currency more often than gold has been currency gold's been more in a gold used for a standard but actual circulating currency has has been silver more often in history than even gold has

so that's why gold and silver uh should both be viewed as money as you have insisted upon for many years now uh both of them should be so you want to own uh in my opinion and again as you always say it's not advice but i feel comfortable owning both medals i i don't want to own just one or the other i want exposure to gold and i want exposure to silver only in physical form and i want it in physical form just because of the time we find ourselves in history right now with all the turmoil and

the type of crisis that could be ahead it could be very very important that we own physical as opposed to just having a paper product that gives us exposure to the price we need the actual money i think in our hands or able to get it relatively easily that's going to be important i think in the environment ahead yeah you mentioned the uh three you know the political turmoil that's going on right now and the economic turmoil that uh these i mean it's i i really think that there's some really big stuff

that's going to happen uh later this year and and next year and uh you talk about the three f's so tell me about the three fs well i think because gold allows me to feel more grounded uh psychologically uh as an investor uh the three f's for me are i feel much stronger and have more hope about the future with those the 3s being my finances my future and my family so i think financially this is the place to be they're the only things that are not overvalued every other asset out there major asset class

is arguably overvalued if not in a bubble so they're undervalued they can also protect our future uh for our purchasing power our standard of living they're likely to rise tremendously in value going forward and they'll protect my family um i i have an asset i have a tool that can defend my family against not just whether we get inflation but any type of crisis that we might get and that helps me sleep better too yeah you mentioned that everything was in a bubble except for gold and silver

basically and you know uh people a lot of people do not measure gold and silver against the expansion of the currency supply and that makes it very very undervalued um you know the one there was one of my countdown uh for the reasons i own gold and silver uh that was it comes with a central bank guarantee and that was the only thing in the video where i didn't finish uh describing the thought the guarantee is that they will never stop printing fiat currency so gold has to catch up at some date and

you and i are writing a book uh the great gold and silver rush of the 21st century and uh along came um this uh thing that i can't mention because it seems like it uh hurts our youtube stats if i say certain words but uh along came this uh thing that people have been catching lately and uh and things started changing so fast but i had spent months creating a chapter that just absolutely proved how overvalued all the other asset classes were just without exception there was just nothing out there of

value anymore if you bought anything except for gold and silver you were paying way too much for it and the chances of it falling were greater than the chances of it continuing to go up forever like people expect uh things to do so um yeah i just wanted to expand on that i i agree mike i think gold and silver do come with a central bank guarantee and the reason they come with a guarantee in my opinion is because central bankers as they have already shown in previous crisis as well as this crisis they're going to print currency

they're going to that's all they can do at this point they've already lowered rates uh the next step is to go negative which would have tremendous uh consequences on the system here in the us if the u.s went negative i think so they all they can do is print currency and so that's the guarantee that the currency that we use the money in our wa the the the dollar bill in our wallet is not money and it's going to be do debased and devalued and only go and that will directly benefit gold and

silver and that will cause them to soar i think i think we're only just getting started you know someone asked me the other day isn't it kind of too late with gold at all-time highs not when you look at the currency supply it's not exactly yeah yeah so um i just i'm hoping you know uh there's some people talking about the potential of a cup and handle uh forming which that's a technical pattern that will basically give us a little bit more time and i'm actually hoping for a

little bit more time i think that uh they're beyond the point of no return when it comes to sort of a cataclysmic end to what they're doing uh and uh the further that they can push this now it really isn't going to be any worse uh it's going to be i think that there's going to be a banking crisis and uh i think that the potential of the monetary system freezing up i mean we came within a day of that happening both in uh long-term capital management in 1998 and then again with the global financial

crisis we came within a day of the whole financial system freezing up uh and that means credit cards stopped working which means eventually the gas stops coming out of the pump and and then eventually the there's no more power to your house things like that i just think what they've done to the monetary system they've gone beyond the point of being able to repair it and they have so much leverage in everything now all forms of banking that um it can't withstand any major shock and the uh the uh cerveza

uh contagion uh has uh created a shock that is uh uh far worse than the system can withstand in my opinion what do you think i i personally hope we have a little more time to mike so i wouldn't be bothered at all if that cup and handle as you say plays out and gives us a little more time because of what you and i think is coming and other people as well um you know i don't want to say inevitable but it sure seems inevitable uh because of what we think is coming i would rather have instead of this much you know uh gold

and silver i'd rather have this much gold and silver to be prepared for that and so that's the simple reason you know some people like let's get on with it you know uh but if we continue to accumulate we have that much more financial preparation financial hope i might say in keeping with our theme uh for what the future may entail yeah and you know we will get through it there's going to be some days of chaos you know doug casey used to say that things happen very slowly until the day they don't

and there's you know you're going to probably see gold and silver continue uh rising but with pullbacks and i'm hoping we go through one of these cup and handle pullbacks where we get a pullback that lasts quite a few months here and then uh it should be i believe it'll be off to the races and i think that there's some spectacular gains coming but still um this is a very when i i'm fearful for the general economy and the average person that uh isn't paying attention to what

what is going on yeah i think a lot of people unfortunately are going to get hurt and uh the people that probably get the most hurt financially anyway will be people that have literally no exposure to gold and silver so yeah um i i think that there's gonna come a point where it's gonna be last train out there's gonna be one last opportunity i don't know if it's the next one or not my gut tells me it probably is uh but at some point it will be too late to buy gold and silver and i i really

hope people will you know heed that message and prepare themselves for it and get that hope yeah i do too so um i want to thank you so much again great article and to all of the viewers uh go and read jeff's article go to goldsilver.com uh by the way if you can help us out uh to on making these videos and sort of spreading the word when it comes to economics and what's going on on the planet uh by just going to our website and checking the price of gold and silver there just visit the website

uh now and then and that actually helps our statistics and boosts the uh the uh google search ratings and things like that so uh that and then uh go and get uh my book for free uh guide to investing in gold and silver which has a whole bunch of economics in it and some monetary history it's not just a guide but it's it's very helpful and it doesn't cost a dime so i want to thank everybody for watching and jeff thank you so much and again great article good work yeah thank you mike that means a lot coming

from from you so i appreciate it very much and i'll see you later this week with chris martinson yes okay thanks you