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 we're in this Grand experiment that has never been done before where all of the world's currencies are Fiat currencies simultaneously this that we've this is New Territory this is a monetary experiment that is conducted on a scale never before seen so are you familiar with Scott Miller by any chance Scott was at Davos now better known as the world economic Forum in uh 2020 and is being interviewed by two Financial guys from Bloomberg and they asked him what's your go-to investment and he said

silver and the guy just blew his mind he could tell he just just okay what well and he had a hard time composing himself this is my take and says silver well what about gold and he said well gold is pretty near it's all-time high but silver is off 60 so in 2020 there was 320 million ounces of silver bought into the e t into the ETFs and I suggest that Guggenheim which was he was the chief investment officer of Guggenheim probably had the Lion's Share of that now I can't prove it what I can prove is

how much went in from the institutions and that was the largest amount of silver ever in one year the retail side on that here Mike was 200 million ounces so if you add those two together you come over 500 million ounces of silver for investment purposes only so I said all that to say this and maybe put it in the book I don't recall exactly but what do you think when this run what I call run the gold which would be a huge spillover in silver and silver will outperform gold I'm convinced

time will tell if I'm right the people that are in the know as you mentioned a moment ago are not going to sit on the sidelines and say oh I'm going to watch my financial wherewithal crumbled into nothingness in this Fiat Fiasco I'm gonna get in the bullion Market as well so where do you see the let's say Institutional Investor in all this well you know the institutional investors have a lot of uh Power and I believe that um you'll be able to see uh the the comex and so on will cater to them but I

do I do think the Conex May potentially be headed for a default here I think there's going to come a day where I mean there is a chapter on the book about a giant gold manipulation that happened during the pandemic and I might be wrong there maybe my information is outdated but suddenly in just a couple of months the comex had to quadruple their gold stocks and you know everybody that's watching you knows that the the comex is a fractional Reserve scheme that there's many many times more paper ounces of

gold and silver promises to deliver being bought and sold at any given moment then there is actual gold and silver to deliver upon and they've uh they're now calculating their uh you know they've got a registered category and an eligible but they think that eligible category now is much much smaller than they thought in the past that a lot of people there may not even though those bars qualify for inclusion in delivery that uh the owners may not want a part with those bars at any price

near what what it's currently at but these uh Millions I believe it was 55 billion dollars worth of uh gold flowed onto the exchange in just a couple of months and then somebody has taken delivery of about 12 uh 12 million ounces and there was 9.1 million ounces on the exchange before the inflows so since the inflows deliveries that have been taken exceed what was on the exchange now during this time um you know the U.S I'm sure you know you get Nick Laird's uh information and stuff all the time too and every month

month after month for years and years and years the US is an exporter of gold uh and uh one of the big places that we export to is the Swiss refineries and uh during covid uh that reversed the the we didn't export we imported a lot of gold and a lot of it was from the Swiss refineries and simultaneously China who had been accumulating month after month after month for years without fail there was more when you look at the uh you know the you know all of this this is just for your viewers uh

when you look at the Central Bank accumulation they only report once in a while and then it takes this big leap up because they haven't been telling us anything before they keep it secret uh but the Hong Kong Exchange in the Shanghai exchange we know the inflows and outflows and there has been a net inflow into China every month for years and years and then suddenly they stopped importing uh during the the period of time when the U.S was importing how does that happen is there somebody at these

big bullion Banks powerful enough to get China to actually stop importing gold for a few months while the US gets enough gold to stay out of some emergency default because I think that maybe you know I haven't uh checked all of this uh like as deeply as I need to because it requires somebody going through spreadsheets of of inflows and outflows of all of the different countries around the world and trying to be an investigator and and figure this out uh and you know maybe uh Ronan Manley has

already done it he's a great analyst he is um yes yeah I have a lot of respect for his writing um and uh so uh if he has I didn't read the article uh and with the final analysis of what was going on during those months the only thing I can add to that is that the uh broaden the uh the definition of because they were allowing like uh 400 ounce bars in what we call coin melt which is not 999 fine but uh Indigo hey this is it's cold you know it's under that category during that time frame which I found very

interesting in telling that somebody somewhere wanted a lot of gold physically yeah well all these conspiracy theories that there's tunnels between JP Morgan's Vault and the festival they're they're at the same depth and they're right across the street from each other and coin melt would uh make all of the bars that uh were created from Roosevelt's nationalization of gold that used to be held at Fort Knox uh that would make them eligible for comex so it just feeds into all this

conspiracy theory that we have absolutely no evidence for but it is entertaining it is indeed well Mike I've enjoyed every minute of it is there anything that you would like to leave our viewers with before we sign off in money your book philosophy Puerto Rico anything that comes to mind well I'd like everybody to learn as much as they can about the monetary system right now I truly believe that we're in for something just gigantic one of the hugest shifts in uh finance and and monetary history is coming at us one of

the things that I say in there you know as you know Fiat currencies have never survived it's a hundred percent failure rate all of the curve all of the Fiat currencies that exist right now were born on August 15th of 1971 or later uh because before that all of the British pounds and and uh you know all of the different currencies around the world were backed by gold through the US dollar so when Nixon severed the tide of gold he changed the the US dollar after August 15th was a completely different

dollar than before August 15 1971 and if all the other world's currencies were backed by the US dollar that means all of the other currencies became unbacked on that date and so we're in this Grand experiment that has never been done before where all of the world's currencies are Fiat currencies simultaneously this that we've this is New Territory this is a monetary experiment that is conducted on a scale never before seen and we know that every time this experiment was conducted in

the past that that currency would eventually fail and people would rush to other currencies and to Gold well now there's no other currency to run to there is only gold and silver and that's it so that learn the difference between uh fiat currency and money and then use the proper definitions and this is something that I'm going to war on now I'm the one that started this but it surprised me that very few of my colleagues uh in this sector picked up on it and started differentiating

between currency and money and I believe it is important uh in the book I I use a quote from Confucius that say that says um all knowledge begins with calling things by their proper names um and uh it is important if we want to have truth and understanding uh we have to call Things by their proper names uh and calling uh the US dollar money is giving it accolades it does not deserve uh it does not store value it steals value from from you constantly every day and transfers a very very tiny sliver of

value to someone else whoever got the new currency the Federal Reserve just created whoever gets that first and spends it they get the full purchasing power but as it circulates it's going to cause prices to rise because we didn't inflate the dollar we devalued this we inflated the currency Supply we devalued the Dollar by doing that uh and uh lastly go to ggsr21.com and uh there's there's it's for free We're not gonna try to get your email address you don't have to give us

anything to get chapters three and four of uh great gold and silver Rush of the 21st century and there's going to be more opposed listed there because I wanted this book to live beyond the original print date and stuff is changing so fast that a lot of these charts that are in the book you'll be able to go there and see the latest update and then I'll be able to make comments on it and such so those are the three things that I'd like to leave people with