hi I'm happy to have Jeff Clark back with me once again it's been more than six months Jeff how are you doing I'm doing great Mike I sure missed you it's great to be back in these videos with you uh some of asked so I'll just share I did have a back fusion surgery a pretty big deal and uh it was in May uh so I'm still in recovery mode I'm doing well the surgery was I'm told successful so uh I've been doing lots of walking and in physical therapy and all that so uh but glad to be back with you


great uh so you know we have to touch on what's been going on in the world and there are periods of time uh where I'm just like ashamed to be part of this species yeah I don't know what to say but it just seems like uh everybody goes crazy and we've got all of these hot spots all over the world that could actually endanger human existence so it's worrisome I don't want to get into the politics of any of it uh but I I just wanted to acknowledge it before we uh start down the road I just hope


cooler heads prevail so yeah got any comments exactly yeah exactly Mike um you know with everything that's happening it's what's concerning to me is the backdrop and how ill equipped we are to really deal with this um from again not a political statement from all the way from the our political leaders all the way down down to our grid system to our financial system that that you know is completely uh unsustainable and out of whack you know we're not prepared to deal with some of these things that are


happening uh in my opinion and uh that makes the the situation even more dangerous so I'm a little concerned like you about all of this yeah you know you mentioned the uh Financial system and I was really surprised to hear that a lot of the financial system is running on cobal which is this very old code so this is old they call it spaghetti Co code uh which is dangerous and more vulnerable to hacking and so on so anyway it just makes me feel good I've got gold and silver that uh can't disappear you know it's something


physical that you know is is going to be there and you know it it it surges in times of uh geopolitical conflict and uh and disasters and wars and everything else so every crisis yeah yeah any crisis and I'm glad like you that I own it as well in fact I felt like before my surgery that you know I I'm comfortable with the amount of gold that I own but all the things that have happened while I've been out make me feel like I need to buy a little more gold uh I think that really is our crisis protection you


know yeah and one other thing I just want to say to everybody is uh try and step back and take a look at the big picture again these are the times when I do things like I'll I'll either uh watch listen or read the pale blue dot you know just review that again which is C of Humanity's place in the universe and then uh Donovan's universal Soldier for some reason yesterday I was listening to that and uh you know if you haven't listened to it at least read the words universal Soldier um anyway so uh you


were at the silver Symposium recently and you've got a book out yes um I did go to the silver Symposium I I spoke there and uh Mike I'm happy to tell you that there were the number was 792 registrants at the silver Symposium which was in Vegas uh just last month and uh it was very well attended and some of it was crowded uh part of it was a crypto focused uh event so it was kind of half and half crypto and silver but there were a lot of people there Mike so I wanted to share with you that there


was uh you know the attendance was that great and the interest was still that high despite the siment we have in silver right now okay um you know speaking about silver and uh sentiment and so on you sent me a series of three charts so do you want to tell us a little bit about this first one here the perform Q3 performance of major assets yeah I I did an article and it was basically a summary of the quarterly performance like I've done in the past of major asset classes and you can see there gold


was down a little bit but to the surprise of I think many investors silver was actually up in Q3 so that I thought that was interesting um uh and then the next chart uh Mike if you have that is the year-to-date performance of all major asset classes and you can see again to the surprise of some people probably that gold is up um silver is down on the year again this is through Q3 so the end of September um and you can see the asset classes that are doing well stocks and oil of course uh Mike it's interesting that both gold


and silver outperformed the 10-year treasury year-to date I thought that was pretty significant what do you think uh well you know I've I'm I was just generating some charts that I'm going to have in probably the next video uh the but treasuries are way down uh yeah it's been some pretty tremendous losses since the rate hiking cycle began in 2020 what it really shows is that the 6040 portfolio really isn't protecting you through crisis that bonds and treasuries really aren't protecting you


and shielding you from the crisis like we've been told for decades the 6040 portfolio is what all the mainstream advisors and use and as a combination it's performing very poorly uh yeah and the best performing Jeff Christian I think of CPM came up with roughly 20% as the optimum allocation to gold and then uh the uh 6040 split for the rest of it the other 80% is split 6040 to stocks and uh and bonds um whenever I go to the um uh the gold Institute uh and they've got a a portfolio allocator there and I always


come up with much much higher uh but I like to measure over a long period of time and so yeah I come out with a much higher allocation of precious metals which sort of matches What I've Done personally so yeah anyway I think that if you don't own 20% of your total portfolio in gold and again that excludes cash 20% in Gold that you're underweight especially going into the kind of environment that we're in right now so I think 20% is kind of a minimum for people to own we might reduce that Mike someday you know if if


we have you know sane politicians and a sane uh Global government and samean conditions but right now good luck I know but what I'm saying is that heading into the the kind of crises that that are popping up everywhere and the risk of them you know blowing up even further uh especially the financial conditions that you've talked about you know for years and and in your book if those blow up you're going to want to own 20% in Gold maybe more um yeah so that's how I feel anyway okay so tell us


about this next chart here hi I just wanted to take a moment and thank you for subscribing and mention that if you'd like to help our Channel please consider my company goldsilver.com the next time you buy precious metals we're one of the most trusted names in the industry our prices are sharp delivery is fast and we have an insiders program where you find out exactly what I'm doing with my own Investments thanks for making goldsilver.com your dealer and now back to the video this is great I wanted to do a


supply demand chart I showed this at Silver Symposium and basically you see Supply is in the gray demand is in the or no Supply is in blue demands in Gray you can see the supply you know met demand for years and then all of a sudden in 2021 uh demand popped up higher than Supply and then the big news I I think most investors know was last year the enormous gap between supply and demand and metals Focus projects that this year um demand is still going to be significantly higher than Supply and look at the total I just had my chart


maker just add up the three years of the deficit and for those three consecutive years which would be through the end of this year the total deficit in silver is about 431 million ounces in a very short period of time so I thought this was pretty significant that the number is that high in terms of a deficit between supply and demand what do you make of that how do you react to that Mike uh I think this is great because it uh is spring loading you know it's it's basically storing energy I talk about


storing energy a lot and this is storing energy for whenever uh gold and silver do breakout you know we've got the big cup and handle on gold uh that's built since since 2011 uh we have a triple top that's gone on over the past four or five years uh and that triple top I've been ho it it looked like it could develop into a head and shoulders pattern I think I made a video about that for my insiders uh about eight months ago I believe six or eight months ago and um I was saying I hope that this


does a further pullback and it and it is it's it's developing this you know it's got a a um shoulder an inverse head and then it's developing this other shoulder and so I'm hoping that uh this uh sort of stays this way and we have this pullback at least until early next year uh that would be uh the the energy that is being stored from a silver shortage and then you compound that with all these technical indicators that are the most bullish bullish and reliable for formations that there are in technical


analysis uh that should lead to sort of a slingshot Type move once we break this triple top yeah I I I agree I think the longer this goes on the more energy that is stored and the bigger the the pop and the run is going to be um and that'll be gold and then silver you know uh as I showed in many charts at Silver Symposium it'll sit there for a little while but then all of a sudden it'll explode it'll will catch up the gold and pass it like it's done historically many times so uh but yeah great point on the


energy buildup because the longer this goes the bigger this could be yeah okay is there anything else you want to cover I just wanted to mention Mike my book P dirt um is now out in ebook form uh maybe we could put a link down there to it but happy to say it's out in ebook form now so you can get it on Kindle and and Barnes & Noble and things like that um and the physical book is coming uh so it'll be available soon uh it's a bigger and longer process than I thought it was going to be and it


was of course interrupted from my surgery but but it's coming so and uh your book is uh out also right Mike yeah but it's sold out on Amazon we should have them back available next week and then uh a couple of weeks later I should be launching the ebook the audio book uh and uh the color version of the book and it will be across you know anywhere that books are sold like Barnes & Noble and so on so people will be able to get a Kindle or another version of an ebook uh very shortly and the audio book and I'm


hoping that they can sync it so that you can get the uh immersive uh reading with Audible and Kindle on Amazon we'll see how that works out so I want to thank you uh it's been a long time and I'm glad that your uh back surgery has uh worked out and that you're getting better yeah thanks Mike bye everybody hi I just wanted to tell you about gold Silver's 111 ounce silver giveaway where you can win win win 111 one 1 oz silver bar one 10 oz silver bar and one 100 o silver bar so enter today


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