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hi everyone welcome to today's video i've got jeff clark with me again jeff how are you doing i'm doing great today mike great to be back with you again of course so we have some very interesting and fun things to talk about today so i'm going to jump right in tweet of the day and this is one of your tweets that we want to use you wrote yesterday in a tweet this won't be the first time that tesla and elon musk accepts bitcoin as payment uh that was sent out you highlighted elon musk there


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and he actually responded and liked your video on top of that over almost 45 000 people have watched that little clip now so mike what's your reaction to elon musk liking your tweet and so many people watching that clip i think it's awesome uh i hope he watched the entire thing and i really hope that uh tesla considers um basically uh hedging the upside cost risk of uh of silver going you know there's a lot like we had said there's lots of silver in electric cars much more than in a


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regular car and uh that silver if if you can lock in prices that are below 30 uh it's going to get once prices are above 150 it's going to give whatever companies have large stockpiles of silver it's like you know one of the things that really got southwest airlines off the ground and made them big was they hedged their uh their fuel costs they bought contracts going way out and for years while the price of fuel was rising and you know went up to 140 for a barrel of crude eventually uh they


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had these really low prices locked in that were years earlier so they're flying on a large component of flying is the fuel that's uh expended on each flight and so southwest had an advantage you know can you imagine if you own a trucking company and you're able to go to the pump and fill up for 20 cents or 30 cents a gallon that's the same thing uh as as uh you know the you it would give you a competitive advantage and so by stockpiling some silver right now if they've got excess cash


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uh and calculating how many cars they would need over the to you know how many ounces of silver they'll need for the number of cars that they're going to expect to produce over the next five years if they want an advantage over their competitors this is one of them uh another tweet though that uh there was a reply i talked about a man named tony galippi uh and i met tony at test live in 2013 and uh what was interesting you know i was telling him about the merits of precious metals he's telling me about


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the merits of bitcoin but he was from bitpay and after that experience i came back to los angeles and put my accounting team and the financial department together with uh tony's company bitpay and we became the first precious metals company to accept bitcoin in payment but he responded to that video also and he said hey mike i spent 984 bitcoins on a model s in 2013. so that's he had told me this story that he bought his tesla for bitcoin so he spent 984 bitcoins uh so today his car is worth 44 million


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dollars and it still runs great right i think that's hilarious yeah so by the way i mentioned yesterday about my open letter to elon musk that's in editing now so we hope to have that out soon so if anybody wants to see that please subscribe to our newsletter and you'll get it right away the the moment that it's out should be out in the next day or two so well i want to uh chart of the day and this is from tavi costa from pronouncing tommy's name right and this is a chart of gold versus real


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yields so the real yield of course is the what the bond pays uh we usually use the 10-year treasury in his example he's using the five-year treasury minus the cpi inflation rate to get the real yield of that bond yeah which i call it the cp lie so it's not the real yield it's sort of the fantasy yield right right we know it's at least that low but anyway in his chart the red line represents the real yield um you'll see the line is going up he's inverted that so actually when the line goes up the real


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yield is actually falling but he did that so the real yield is negative you mean yeah right negative right now anybody invested in a five-year treasury is losing about two percent annually they're they're the treasury's a five percent treasury i mean a five-year treasury is just below half a percent it's like 4.6 percent as we speak uh and so now i'm sorry point for zero point four six percent uh right so when you take inflation away you end up at just uh it's a you're losing 1.897 so basically 1.9


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annually for loaning your currency to the government for five years i just can't believe it it's an unbelievable situation that anybody would choose to do that right yes so the chart you're showing though it's it's been highly accurate predicting the price of gold going and this is going the chart starts at the beginning of 2018. but it's almost dead nuts on the uh gold price until recently when there's been a the largest divergence in this entire chart has occurred since uh the


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third quarter of last year and what you see is that eventually the gold price catches up and so this is predicting that there would be a very large move in the gold price or an enormous uh move in uh yields in treasuries rising so that this isn't isn't as negative now if the yields and the treasuries rise the government's got a problem the fed has a problem the treasury has a problem so they really can't allow that and so that means that gold has to rise and you know who knows if


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we're at the bottom of this divergence or not but it looks like it and when it makes its moves this is predicting let me see 18 so this is predicting uh like today we would have to have twenty two hundred dollar an ounce gold uh for this to catch back up to even but you see a lot of times when it's lagging uh when it does when gold catches up it blows past uh where so you know this is what this chart is saying is within the next uh i don't know year maybe i don't know get ready for uh uh 25 2400


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gold 2500 gold something that's uh going to exceed this inverted treasury yield curve here yeah the correlation has been very strong you're right right and the divergence uh that has happened uh in the past eight months or with seven months is the largest divergence in this entire chart so it's the biggest gold is the biggest opportunity right now according to this chart right good way to put it right well mike onto viewer feedback this is from golden broad question how do we know that he means


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tesla apple etc have not made deals to stockpile at cur prices now i think he's referring to silver but uh what do you think how do we know they haven't already been doing that behind the scenes mike we don't um if they are uh you know if they are it would be uh you know slow accumulation because we haven't seen a giant pop in price and uh one thing that we have seen recently is enormous inflows into the etfs for silver uh from this uh um you know the reddit crowd there's now you know there


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there was wall street bets and now there's uh wall street silver uh and there's a lot of people with discussions and they're they're buying uh enormous amounts of silver through the etfs which uh i believe was not the right move the right move if they wanted to they could buy near contracts on the commodities exchanges and take delivery uh or they there's there's supposed to be a delivery option on the etfs but if they take delivery it'll expose the manipulation one of the things that


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i uh did see is that at one point the amount of silver that uh slv had to take off the london metals exchange uh 87 of all of the available silver was removed leaving only 13 if they had taken that last 13 somehow uh then there would be a failure to deliver the whole thing would be exposed and we would we would be probably seeing a gap up and we would be approaching 50 silver today but what we've seen is this huge increase in demand but a fall in price just it does not make sense and it shows


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that if you're going to buy precious metals don't buy them for the short term buy them for the long term and buy them to protect yourself and make enormous potential gains and when you buy buy physical take delivery either yourself or in a metals account that is not in a commodities exchange vault you don't want to be holding any metals that's in the same vault as uh the custodian for uh one of these big funds or the commodities exchange right um and i'll also point out goldenrod that these are public


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companies that you're naming so they are responsible for reporting how they spend their cash and things like that so you can't buy 50 million dollars worth of silver or silver futures without reporting that to the public of course it wouldn't fall it wouldn't show up until the following quarterly statement but there would be an obligation on their part to report it so uh but i think we're going to see that someday so well we're going to wrap this video up mike with the meme or quote of the day i'll let you


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read that but first make sure you uh if you have not read mike's book you can download it for free right on our website we'll put the link below here uh it's free to read so we encourage you to do that so mike give us the uh quote of the day here okay this quote is from voltaire and he says and and this is before we were using currency this was was money back then so in general the art of government consists of taking as much money as possible from one party of the citizens to give it to


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the other and actually i call that theft if you're doing it if you're taking it from them without their permission it's theft so i want to thank everybody for watching and thank you jeff for uh lining up all of these questions and stuff and we'll see you next time see ya jeff it was great mike see you next time