What we've seen as far as gold and silver's price action over the past few months wasn't driven by the United States. In Australia, people are were lining up at coin shops. And this was happening all over the world. And so there comes a point where the paper game in the United States and in London can't continue overwhelming the physical market. Uh before we get started, I just wanted to remind everybody uh especially anybody new to the silver market that may have just purchased and then they


then we witnessed this breathtaking drop. Uh silver is a roller coaster and you need to have the stomach for it. it is a long-term investment and to me these are the uh uh times that I use to add to my position. Uh most people are chasing price uh and it's best to try to be a contrarian and to uh it it it takes a lot of guts to do it. I think it's it's not an easy thing to go against your emotions, but uh part of successful investing is controlling your emotions and making sure that they don't control


you. So, what have you got for us? >> Yeah. Uh well, I basically wanted to zoom out a little bit and sort of remind our viewers that the bull market is not even close to over. So, I thought we could look a little bit at gold, a little bit at silver, and of course, the ratio between the two. So the first the first thing I have here is IMF data. Gold now exceeds 1/5if of world reserves. So central banks know what's coming. You can print dollars, but you can't print gold. They're stocking up on


it. This is not the end. This is this is a continuation of a really long-term trend. >> Yeah. Well, yeah, but you can see the acceleration of the trend really started in late 23. It it is a long-term trend. in fact uh that you know you can't print you can print dollars but you can't print gold. Uh you know that was in my first book back in 2007 2008. The point of this video like you said is it's not too late. It was better to be buying gold back in 2007 2008 2009. the longer that we keep on kicking the can down the


road, uh, the bigger the highs, the potential highs become, because it's all an inverse of what what is the dollar going to do. It's no longer theory. This is happening. According to the latest World Gold Council survey, an overwhelming 95% of central banks believe their gold reserves will rise over the next year. At the same time, nearly 3/4 expect their US dollar holdings to decline. This isn't speculation. It's a shift unfolding in real time. Meanwhile, in one of the world's largest emerging


economies, the Reserve Bank of India announced that its gold holdings have now surpassed 100 billion US with gold making up nearly 15% of its total reserves, a level not seen in decades. That's not a headline, that's a statement. Reuters reports this surge reflects a deliberate diversification, a move echoed by nations across Asia, the Middle East, and even parts of Europe. The message is loud and clear. Central banks are looking beyond paper. They're reallocating, not just buying gold, but


reducing exposure to the dollar itself. Recent data from the European Central Bank reveals something historic. Gold now surpasses the euro as the second largest reserve asset globally, accounting for roughly 20% of all official reserves, overtaking the euro's 16% share. This isn't just about metal bars in vaults. It's about trust and where nations are placing it. When the institutions that manage the wealth of entire nations start moving in the same direction, the signal is louder than any


stock ticker, chart or speculative headline. This is structural, a fundamental adjustment in the architecture of global finance. The guardrails of the global monetary system are shifting quietly but decisively. And when the foundation of the world economy begins to move, standing still isn't staying safe. It's falling behind. While many chase daily trades, headlines, and the next market rally, a different kind of preparation is already underway. Not speculation, strategy, not reaction, reallocation. This isn't the end of a


cycle. It's the beginning of a new one. A transformation unfolding beneath the surface where nations are rewriting what value truly means. >> Yeah. In the long term, the dollar weighs nothing. So, [laughter] you're going to need an awful lot of them in order to buy anything of substance. So, that's what we're seeing here. >> Yeah. Yeah. >> Yes. Um, one other bit of news here. India unleashes silver as banking collateral with a 10:1 gold silver ratio declaring silver global monetary metal


and I've heard a lot of people comment that this implies that the gold silver ratio should be 10 to1 and I think this is a huge misinterpretation about what's actually going on in India so I actually just wanted to clarify that for our viewers what's going on is that India is setting silver as collateral for bank loans they're capping the amount of gold that you can pledge as collateral at 1 kg and the amount of silver that you could pledge as collateral at 10 kg. So that doesn't imply that the value between the


two metals is 10 to1 or that the price should be 10 to one. Nothing like that. It's like if they said you could pledge your house as collateral or up to three cars as collateral. That doesn't imply that the exchange rate between houses and cars should be 3 to one. Not at all. So, it's just interesting that that the bank is allowing gold and silver to be collateral in the first place. I wouldn't get too hung up on the ratio of 10 to1. >> Yeah. Except I do think that that's


probably the area that is that it's destined for uh simply because of the the shortage of silver as compared to gold. And uh you know, we haven't gone into uh a global recession yet. And when we do uh 60% of the you know 2/3 of the silver supply is a byproduct of mining metals that are going there that are very sensitive to uh recession risks. And so just when people start rushing toward uh gold and silver silver as a monetary metal to protect their wealth that's when the supply dries up. At the


at the same time that demand increases supply goes away. So that's Yeah. Okay. [snorts] >> Exactly. Well, we do have a chart of the gold silver ratio.