And this is all based on what's going on beneath this big umbrella that's been here and opening wider and wider for decades that I've been pointing at and telling you about and I call it the dead bomb. Something has happened that's never happened in my career before. We're going to get into it in this video. Of course, what is going on? I'm going to tell you all about that. But also, I purchased the boat. I found the boat that I'm going to live on for the next couple of decades, year round,


summer and winter. I'm going to show some videos and photos of it throughout this video, but I have too much in the financial world to tell you about right now. We're going to talk about gold, oil, cryptocurrencies, real estate, everything, the markets, because of something that happened in my career, never before. And I've been around a lot longer than I look actually. I always talk about I've been in business almost three decades. It is now three decades. [laughter] This is the boat that I bought. I have


not seen it yet until today. I've not gone on it yet. I've already purchased it. We'll go now and see if I can get on the boat and we're going to have to see how much I like it to live on. I plan on living on this for next several decades. So, if you like the fact that we don't have sponsorships, please click like, share with your friends, tell your grandma, whatever you got to do. I got to ask you. They make me >> [laughter] >> Anyways, what's going on with these


markets is clearly unheard of. I've never seen this kind of activity or volatility before, especially in commodities prices. And a lot of people aren't realizing how insane and crazy things are right now because a lot of people haven't been around that long in terms of investing. And when you see a commodity like silver jumping up 10% down 10% up 10% in a day and even when it jumps higher or when it falls lower the shares that mine for that commodity don't move as much as the commodity.


This is clearly a broken market that is not based on price discovery at all. And it makes it close to impossible to identify good buying opportunities. very close to impossible to know what's going to happen next because a lot of the moves are not only out of nowhere and can't be tracked or understood based on anything historically how you would normally analyze a company or an investment or a stock market but also the moves the magnitude of them are so dramatically insane. It's just a big


washing machine slloshing us around. I don't want anything to do with this market. That's why I'm going to go through everything today. gold, silver, oil, real estate, yada yada, because I want to tell you my views about each thing and where we are. I want you guys to understand where I'm at. And I think that if you understand the way I'm thinking, it might possibly help you also understand the way that maybe you'd want to be thinking about it, too. And I'm not saying that I'm right. I'm not


saying do things my way. I'm just telling you my opinion and what I am doing. I'm not suggesting anyone do anything specific. It's not personalized trading advice. I'm wrong 100% of the time. Before I get into some videos of this boat, I want to set the stage and thank Jeremy, superstar cameraman and my great great friend. He took all the videos here because I just basically once I got on the boat, it was not easy to get around. So, I just basically sat on a couch or I got around a few rooms,


but then I'd sit on a couch and they're like, "You want to see there? You want to see there?" I'm like, "Yeah, I'm good." [laughter] So, with these markets, what is going on? For the first time in my career, I think I'm going to say to you, I do not know. I do not understand it. I do not know where anything's going to go. And as I've suggested in a recent video or maybe it was in the newsletter, I'm taking a step back and sort of just I'm good with the investments. So I'm not


saying sell everything. Although I did actually have that thought I should just sell everything, walk away for two months, sell in May and go away. Start selling in what are we in February and going away. But I'm holding on to my gold and silver stocks because they're going to do what I told you going to do. I just can't believe the path that we're taking to get there. Gold and silver will both hit new highs. The US dollar will hit new lows. We'll go into a currency crisis in 2026. And


Bitcoin is now letting the air out of the exuberance that I was telling you about. There's a lot of zero sum games that are definitely in trouble. There's a lot of unlimited cryptocurrencies that could just produce as much as they want of how many units they want. Those are going to be in a lot of trouble. Bitcoin will exist and remain forever, but it will also trade lower in the meantime as everything else is crashing. But then you're looking for a capitulation point. The concept of


Bitcoin is absolutely brilliant and important and it has a use case worldwide. You could be in Malaysia and send money to Siberia. Watch for a capitulation point when nobody wants anything to do with cryptocurrencies. Back up the truck. So, what I've purchased is a 110 ft steel tugboat. It's actually a famous boat and the engine is actually from a US military vessel. I think it's a submarine, but I've heard two different stories. So, it's either a submarine or a warship in the engine of this boat. Gold is up


today even though silver is down. Gold is seeing its risk premium expand because of everything going on with Iran. And I still believe that a lot of these mining companies when they release their next financial numbers, they're going to be blowout earnings. They'll beat the estimates. They'll make way more money than people recognized except for us. They've got these professional analysts just pouring over the numbers and they're saying, "Here's my estimate. Here's what I think


they're going to make. And I'm just telling you that they don't know. I do though, and so do you. When they release and it's like, oh, they beat estimates. I was an analyst that said one thing and it turns out I was wrong. What's the point of even paying the guy for his job? You've got one job. Anyways, though, don't worry about precious metals. Even if this place, this whole market gets crazier, the volatility gets bigger, prices collapse, prices spikes, don't don't even worry about it. It's


just you just have to wait until things get normal again. This is the weirdest stock market I've ever seen. I don't know where anything is going. I can't even make a good prediction half of the time because even though I've been hitting out of the park, I don't even feel confident like I used to because I know that just like a lot of these things are trading like a meme stock or maybe the underlying commodity is going to go up 10% in one single day. for decades that ever happened. It's just


like I think there's so much money now that everything's just gotten stupid. That's why everything's overvalued and there's houses that people can't even afford to live in. Grocery bills are too much for people to manage because it's not like people's salaries are keeping pace with inflation. The worst of which is yet ahead of us, which is puts a whole different pile or shadow on everything. And I believe that real estate now and I was talking to a real estate agent yesterday actually on the


boat condo prices are down. Florida, Toronto, people aren't able to get financing for things. The market is going to have the bottom fallout. And I'm talking about residential detached homes. I'm talking about condos across the board, even industrial properties. And this is where I'm telling you, you're going to want to have some cash in your pocket, some dry powder, because we are going to enter a recession and then everything that comes with the recession will be magnified a lot more


clear to everyone. You'll say, "Oh yes, unemployment is now a problem. Oh yes, these bankruptcies are climbing. Delinquencies are on the rise." And this is all happening. It's just that no one's seeming to notice it because people have been indoctrinated by so many people that you watch on television and in the media for so long that people are just telling themselves that the economy is so strong and our military is the strongest in the world and we're the best country in the world. There will be


tremendous massive opportunities that are passing in front of your eyes day after day after day as soon as everything tumbles downward. Everything will happen at once over it'll feel like years, but it'll just suddenly happen and over months then all a sudden you're in it and then you say, "Yeah, I should have listened to him or etc." and then it'll go on for a while and maybe it takes several years to get out of this. No matter what, gold and silver stocks will be the first to recover. They will


recover the strongest and even a downward market where everything is getting thrown out baby out with the bath water which will hit precious metal stocks and the companies that mine for the commodities. Even in that case, if you just sit tight, none of this will matter and people will be jumping off of buildings and you're just sitting there laughing, watching them fall. >> I have it I have it on the 3D tour, so you can actually unless you want to see it. >> You want to see it? >> I mean, it's it's it's not really going


to be. And this is all based on what's going on beneath this big umbrella that's been here and opening wider and wider for decades that I've been pointing at and telling you about and I call it the debt bomb. You know you have too much debt. You know the company you work for has too much debt. You know that the government that runs your nation has too much debt. That the debts have a counterparty. the counterparty either gets paid or you default and therefore they recognize that as a loss or you pay them. So you


need to come up with that money to pay them. And we're at the reason that this market is beyond me. It's beyond me right now. I believe that we are actually in a massive transition in terms of the entire global economies. The loss and death of the confidence in the US dollar is just walking away. All of these dollars worldwide are going to eventually find their way home and that will just fuel inflation because there's more dollars chasing fewer goods and fewer goods is an understatement because


of the way the world's gone lately. There's not a lot being made in America and there's not even a lot being purchased and brought into America compared to what would be normal healthy market discovery. Anything you do that is market discovery is perfection. Anything you do that is artificial is temporary. Wow. Very cool. So for example, if we force the interest rates lower, there'll be a benefit for a short window of time and then we'll return to exactly where we were the entire time where we would have gone


anyway. I do want to have an effect on people raising money. You can easily do a charity fundraiser on a boat. People love being on a boat. Yeah. They'll pay 500 bucks a ticket. Give the money to big brothers and sisters. Give the money to domestic abuse victims. Give the money to any number of worthwhile charities that are all around us. I just think that this world is not only the markets gone stupid lately, the world's gone stupid lately. Everything's crazy. This is the worst time that I've ever


seen in my life. It's also very concerning in terms of the war in Iran clearly breaking out again, as I've been telling you since it stopped after the 12-day war. An unresolved fight always leads to round two. Well, these markets are crazy. The world is not in a good place and it's just so much negativity and awful awful things happening worldwide. I don't mean to bring you down, but this is what my thought process was. You can't do anything about all the stuff that you're watching and seeing


and there's nothing you can try, I guess. But I thought, I'm not going to do nothing. Even though I can't help that awful things that are happening everywhere, I'm not going to do nothing, though. And I figured that this boat will be a tool for me to use as a soapbox to spread certain messages to the right people at the right time. And if it doesn't go well, at least I tried. love for more. You want me to talk? >> So, Pety, tell them what you think. >> I am in love with this boat and even


more so now. First time I saw it in real life and it did not disappoint. Everything is going to be perfect. It's going to be tough to get it set up for me. I need certain things, but I'll do that and then we're good. And it's a beautiful boat and we're going to do a lot of great stuff for the people who are the weakest among us. So, if you like the fact that we don't have sponsorships, please click like, share with your friends, tell your grandma, whatever you got to do. I got to ask you. They make


me. [laughter] >> Yeah. So, I uh there is a septic system downstairs. >> Yep. >> Um so, you can legally discharge rather than bringing it for a pump out. >> See that little the um gold? That's the cannon. >> Oh, yeah. right there. Yeah. >> So, you can actually This is a good way to look at the space when it's not covered in snow.