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 the fact that silver still hasn't passed its 1980 high is something that is amazing and totally absurd so gold and silver have just been rocketing and i have jeff clark the senior precious metals analyst from goldsilver.com on the line with me how are you doing jeff i'm doing great mike it's great to be joining up with you again and you're sure right about that uh yeah i've i'm a little under the weather actually uh otherwise i would be celebrating uh so uh but i've been celebrating

in bed a little sick so uh you sent some uh articles through to me uh and you know i really do think that what we're witnessing here is the potential end of our current monetary system the uh you know the the global dollar standard so what do you think is going on jeff well mike let me give you a little background and then i'm going to ask you the question that is the number one question on the mind of almost every investor out there right now and i'll see if you can guess what that question is once i give you this

so year to date believe it or not gold is now up 35.7 percent wow silver is up 60 year-to-date and this is at you know prices as of about an hour ago here on thursday uh silver was up 35 in july alone its best month mike since november of 1979 and we all know what happened to gold and silver back then wow was up almost 11 in july its best month since february of 2016. vote is now up eight consecutive months the number one best performing asset on the year is silver number two is gold and number three is

the nasdaq so mike the number one question on everybody's mind is probably pretty obvious and that is is there going to be a pullback anytime soon when will the next pullback come and what do we do about it well you know uh i was talking with dan earlier you were uh we were both talking with dan and basically all bets are off uh we don't know what is going to happen with the world monetary system we do know that uh the government will borrow at least another two trillion dollars so we're talking about a four and a half

trillion dollar deficit this year and when you um when you look at the projected price of gold uh you have to measure gold against the inflation of the currency supply and then you have to measure silver against gold and we're still at the uh you know a a the gold silver ratio right now is about 74. it was 122 just a couple of months ago but uh you know it it in uh 2011 it was at 40 and in to in 1980 it was at 14. and so uh silver's performance you know it yeah it has it's up 60 percent and gold's up 30

percent so uh it's double the performance of gold i still think that there's a lot of room in that but if people are interested in buying um i have no idea whether we're going to have a big pullback or you know because the government really somehow needs to get a hold of gold and keep it from rising too much uh if it rises uh past like twenty five hundred three thousand dollars i don't see it stopping before like ten thousand dollars an ounce because the big money isn't even here

yet the billionaires aren't buying yet so what's your opinion that's a very good point some institutional investors are just now starting to come into the market yeah the silver institute put a report out this morning that said the rise in the price of silver is in part due to the new investors the new institutional investors that are coming into the sector so uh i mean they're just getting started and of course they have literally tons of cash that could come into this sector and on that topic mike here's an article

that says on market watch gold will top three thousand dollars um you know sometime soon here's another article from bank of america saying silver could hit fifty dollars in the near term whatever that may mean so it doesn't necessarily answer the question of whether there's going to be a correction at one point uh or when it'll come but there's a lot of bullish indicators out there and with all the institutional cash that's on the side that could really uh push things up in my mind

does monetary policy change are they going to stop printing currency your answer to that question kind of tells you where this is all headed i think so if you think monetary policy is going to change and they're going to stop printing currency and they'll start balancing their budgets well then maybe we are at a top if you don't think those things are going to happen that would probably signal that you know we're going to keep going at least for a while yeah you know um in my top 10 reasons i

own gold and silver i one of the things one of the reasons was that they come with a central bank guarantee the central bank absolutely guarantees you that they're not going to stop printing currency that's the uh the guarantee uh that gold and silver have is that you have to measure this against the expansion of the currency supply and the and and they're never going to stop printing until they destroy the currency that's uh you know they're trying to get out of um of a really bad situation and the only tool

they've got they can't really lower interest rates the only tool they've got is printing what was there there was one article that you sent uh where they the wall street journal us will borrow an estimated 2 trillion dollars in the second half of 2020 and i think they're going to borrow that in this quarter and then next quarter it's going to be even worse but they're talking about a four and a half trillion dollar deficit uh gold has to react to that and then silver has to react to gold

right very that's exactly right i think that's what we're you know going to expect going forward here now of course there will be a correction at some point when we don't know how big we don't know uh i the way i personally handle it is i just dollar cost average that's a that's a very good method um instead of trying to guess what the market's going to do or predict what the market's going to do i just dollar cost average you know buy on dips there's no magic formula there's no

magic bullet to all of this you know for a strategy because no one really knows the future and what's going to happen i i think ultimately it's fair to say gold and silver are going much higher but the idea you know of when you buy is difficult to answer and so dollar cost averaging really does work for someone who doesn't own gold and silver yet or doesn't own enough gold and silver yes um uh you know we have been uh informing people on what's going on for more than a decade now

uh i've been doing this for 15 years actually i started telling people about gold and silver back in 2002 and 2003 and people used to say oh gold's a lousy investment it's been going down for 20 years and i go exactly it's been going down for 20 years don't you get it and uh so uh you know i can't uh tell anybody i never give advice i just educate people on what is going on and so i can't tell anybody to go and buy gold and silver at this point um or not buy it at this point uh

all bets are off like uh dan said um this is we're in in a very very crazy situation um it's it's just totally bizarre what is going on and um uh i i fear for the average person you know i'm i've put myself in a pretty good position uh and it's it's taken 15 years to do it uh you know yeah so tell us about you know the stocks are going down though and stocks typically lead the metals am i correct so there's a debate on that in in the technical world but in a lot of cases i think it's fair to

say that the gold stocks will lead uh the metal down and it is true that today as we're talking here on thursday the gold stocks are selling off they're almost all down across the board and yet gold and silver are up strongly again even soaring for silver so you know that's a curious development now it's only a one day thing you know so who knows you know what implications that may have but it is true they are falling on a day gold and silver are soaring so that court could portend a uh you know a reversal

and by the way on that topic mike i have to point out to you real quick um you know silver is up 60 percent year-to-date gdx the gold miners etf is uh 52 so silver has actually outperformed the miners on a year-to-date basis the miners ten you know they bring leverage to the gold and silver um and many have done well but the index itself has actually underperformed silver so someone who you know feels like they missed out on getting in on the miners well you can own silver uh and have much less risk

than by owning miners yeah that's one of the things that i've been uh preaching for i have a couple of silver exploration stocks uh but i really don't have many stocks at all um i've got physical uh silver is my number one position number two is is physical gold number three is some cryptocurrencies and uh and then a very minor position in these uh silver exploration companies uh that where i was offered a private placement and so took advantage of that uh before the stock was actually listed

um so in studying this though the if you take the barons gold mining index which is the one that goes back to before we came off of the bretton woods system and you divide it by the price of gold uh gold from 1971 to today has outperformed the behrens gold mining index by 800 percent it's done eight times better than than uh the top-tier gold producers in the world and so um when it when it goes up when when the stocks go up they might uh go up twice whatever gold does but when they fall they'll fall three times

uh and so for me i just uh i've just gone really uh for the physical that's uh that's what i want to hold and i don't want it in a comex vault i want it uh i have most of my medals at uh brinks in salt lake city and i've got some where i can get to it uh also that i a location i won't divulge there you go yeah mike there's one more quick topic i want to throw out to you today before we end this video and that's an article um about the u.s mint claiming that they're making changes to

meet the exploding demand for american gold and silver eagles but all the articles that are written about this are saying that there's no way it's going to you know be they're going to be able to meet demand even though they're increasing production in fact the u.s men admitted that um that output from them is going to be slower for the next 12 to 18 months so for another year year and a half they're not going to be even at their normal level let alone at a level that's going to be able to

meet demand for american uh eagles uh both silver and gold mike do you think unobtainium that you've talked about for many years could actually be starting now well uh you know the the mint consult since i've been purchasing uh you know i started purchasing uh backup my first tube of gold eagles was purchased in october of 2002. and they've raised their premium the uh the senior edge that the u.s mint charges has gone up several times since then and uh what can solve this is price uh the the supply and demand uh so

they can make it unaffordium uh before it becomes unobtainium so but yeah gold and silver uh right now you're seeing an explosion in the premiums uh that are charged i mean it's very hard to source right now i'm surprised that we've still got them uh so uh but there will come a day shortly where they're just not available uh and the only way to make them available is through price the price has to go way up so the premiums are going to be huge um yeah that's one of the things that i

was sort of betting on when i uh purchased them is that the premiums on on the silver eagles they're going to be charging 20 bucks over spot or whatever i i just you know the fact that silver still hasn't passed its 1980 high is something that is amazing and totally absurd that we can keep on creating these paper notes that measure uh this real money you know you measure the real money with these paper notes and we keep on printing them and printing them and printing them and now they're gonna run a

four and a half trillion dollar deficit and the fact that silver is still below its 1980 high is just totally insane uh i i do believe that we're headed for triple digit uh silver uh very shortly here i have no idea when uh but um that's that's my feeling uh i'm i'm not recommending that anybody buy gold or silver or sell gold or silver right now i'm i'm sort of sort of staying neutral on it because i have no idea what's going to happen all bets are off at this point right in the

near term i think that's a very fair statement to make uh in the long term uh you know i'm on the same page with you definitely gold and silver are definitely going much much higher uh thanks to what the fed and other central bankers are doing around the world and the fact that they don't have many tools left to to deal with this so uh so mike yeah it's really like episode seven of hidden secrets of money that's what's happening right now um with an extra ingredient so there's there are

some terms that we can't say on youtube without uh getting uh throttled they uh limit how many views they don't serve our stuff if we talk about certain things that are happening in the world right now so which is sad that uh that people are self-censoring because of what's going on it really is very sad but i do think that we're going to see this combination of events that are happening right now uh lead to just i i think there's going it's going to be spectacular prices

but really it's how much does it buy and you just wrote an article recently on the value of gold and silver versus uh the price of gold and silver so the price really doesn't mean anything how much of a a single family median price home uh is uh an ounce of gold or an ounce of silver going to buy how many shares of the stock market the s p or the dow jones uh that's what's important and i believe that uh you know gold and silver are still tremendously undervalued at this point and i'm so glad

that i had 15 years to uh to take a position actually it's more than that it's 18 years since i first started buying and uh i have basically dollar cost averaged in and i have a pretty sizable position now uh so um but for the people that are that want to know should they buy well you know i was saying where i thought gold and silver were going to go for the last i mean i wrote my book in 2000 five six and seven and it's it's still pertinent today and by the way people should go to

goldsilver.com and download a free copy of it and there's some uh things about you know who are you and what's your plan you need a plan and you need to follow that plan if you're going to get involved in this you don't want to be making decisions based on emotion uh that's always the the those are the people that end up losing are the ones that make decisions based on emotions rash sudden decisions so anyway yeah uh what other things have you got here as far as the articles that you um

well that's it for the articles for today we want to kind of keep the video nice and short so people watch to the end so mike thanks for joining us and i think i speak for everyone feel better soon okay thanks yup going back to bed now