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Summary
➡ The text discusses the current state of silver and its potential future. Despite recent conflicts causing a temporary shock in oil prices, the demand for silver remains high while supply is low. Various experts predict a significant increase in silver prices, with some suggesting it could reach hundreds of dollars per ounce by the end of the year. The text also suggests a potential shift towards a new financial system, possibly backed by tangible assets like gold and silver or digital currency, due to an impending fiat currency crisis.
➡ The discussion revolves around the current state of the economy and the potential future of gold and silver investments. Despite recent drops in value, experts predict that the prices of these precious metals will rise again. The speaker suggests that now might be a good time to buy more gold and silver, especially considering their importance in maintaining digital currencies and running data centers. However, the speaker also advises waiting a bit longer before investing heavily in gold due to the current ratio between gold and silver prices.
➡ The text discusses the importance of investing in precious metals as part of a diversified portfolio. It suggests that while some people recommend investing 10-20% of your portfolio in metals, others go all in. However, the best approach depends on individual factors like risk tolerance and proximity to retirement. The team at Kirk Elliot’s offers personalized advice to help people make the best investment decisions for their situation.
Transcript
Yes, it will be hot. And Miami, December 5th. In person seating is extremely limited. We are only inviting 100 people per event, and those seats will sell out fast. If you cannot attend in person, don’t worry, though, because you can join us virtually from anywhere, and every attendee will receive exclusive perks. And if you join us in person, you’ll also receive a special gift bag with exclusive items. It will only be seen by those who purchase a ticket and attend live. Get your tickets now at ElizabethUnlimited.com uncensored. That’s ElizabethUnlimited.com forward slash, uncensored. Join me and Elizabeth Carson for an unforgettable experience.
I will see you at Uncensored. Hi, everybody. I’m Dr. Bryan Ardis, host of the Dr. Dr. Ardis Show. And I am so excited this morning to be able to hang out with one of our trusted partners, Kirk Elliott, PhD. This guy’s got two PhDs. I don’t have one. So he’s got two. One in economics, one in finance, and he’s here to check our minds, check our banks, check our vaults, our wealth, and give us an update on the state of the union of Economics currently in America and around the world. To protect all of your assets and what you’ve tried to build, to be able to pass down, share or, you know, just have a retirement.
That’s what Kirk Elliott’s here for, to update me and update you. And I appreciate you all spending time with us today. Kirk Elliott, it’s great to see you. How are you, buddy? I am doing awesome. It’s great to see you, too. It’s great to see you, man. All right, so there’s a war in Iran. There’s straits being shut down. Oil’s not being let loose. People in China are getting pissed. They want their oil that they’ve paid bribes to get, you know, even while the rest of the world can’t get it in the Strait of Hormuz. So give us an update now on the state of the union economically here in the United States.
And like you said before we came on air every day, you really don’t know what Trump’s going to do, what he’s going to say, what’s going to happen. So go ahead, update us. But you don’t, I mean, literally, Brian, there’s never a dull moment, right? And so, but right now, the, the conflict in Iran is the biggest thing impacting the markets is because literally nobody knows, nobody knows what Trump is going to do from day to day or hour to hour is like, are they going to block the straight? Are they going to open it up? Are they going to have an ultimatum? Is the ultimatum going to be extended for a week or 10 days or three weeks? And no, we’re going to put a new one on.
Is Israel going to nuke Iran? Right. It’s like, we don’t know. We don’t know. But what we do know is that during times of conflict, geopolitical conflict, wars and rumors of wars and all of that, precious metals do very well. And I want to talk about a contradiction that we’re seeing because during the first part of this Iranian conflict, gold and silver didn’t do well. It’s like, Kirk, you always said that that’s one of the causes that causes it to go up. Right. But so why didn’t it? Why didn’t it? Right. So Iran is interesting in the sense of the number one commodity on the planet, which is oil, is being choked out.
Right. So the supply chain is not there. It’s not like there’s a lack of oil in the ground. It’s that it can’t get to where it needs to go. So that supply chain disruption means there’s no supply. And people have argued with me and said, kirk, there’s all kinds of supply of oil. It’s like, yes, there is, but if you can’t get it, there’s no supply. Right? Yeah. So this is what caused oil to jump from the upper 60s to over $100 a barrel in the first week of that conflict. Right. And so now it’s still up there at the, at the hundred dollar level, you know, give or take.
It’s real close. Right. So what does that do? It creates inflation. Not just in Iran, not just for America, all over the world. Because, like, everything uses oil, everything, Even the shirt you and I are wearing, there is grease in the gears of the looms that make It. Right. It’s like the oil is used for everything. So when the price of oil goes up, so does global inflation. There’s nothing else that could go up that would cause more inflation than oil. Right. So what happens to policymakers, not just in America, but all over the world when there’s inflation? What is the two mechanisms that they can use to slow that down? Number one, they could stop printing money and pull it out of circulation.
It’s like, that’s not going to happen. I mean, this is how governments survive is by printing money out of thin air. Right, Right. So the other option, which is what Trump’s been battling Jerome Powell about is interest rates. So if you want to slow down inflation, you raise interest rates to make the cost of borrowing more expensive. Therefore, people aren’t going to spend as much, and it kind of slows down the economy. If you want to stimulate the economy, which is what Trump wanted to do ever since day one. It’s one he woke up, came out of the birth canal.
Yep. Yeah. Stimulate the economy since he’s been born. Yeah, exactly. I mean, this is what he wants to be. Capitalist. Yes. Yeah. And he tells Jerome Powell, chairman of the Fed, it’s like Powell, you gotta lower interest rates trying to stimulate the economy and you won’t lower them. And Powell says, yeah, it’s because we have inflation and we’re supposed to be independent. Right. I don’t really care what you think. And Trump says, well, I don’t really care what you think. You’ve got to lower interest rates or this economy is not going to get cooking. Right. So this is the battle that’s been happening.
So it’s a legitimate battle. Yeah. You lower interest rates, it will stimulate the economy. You raise interest rates, it won’t grow because people won’t spend. So here’s, here’s the pickle with, with oil prices going up. If you lower interest rates in times of inflation, it’s going to make the inflation worse. Right. So, so now what causes, what is one of the causes that causes gold and silver to not do well? It’s rising interest rate environment. They do very well when interest rates are coming down. Right. So here’s where I start to put on, like this little check boxes and say, what are the pros and what are the cons that we have working here for the price of metals? Well, what causes them to go up? Wars.
Okay, check. We’ve got that. What else? Inflation. Check, we’ve got that. What else? Low supply or no supply and high demand. Check. We’ve Got both of those in spades, right? So the only one that is against it is the interest rate story, but that’s all that the national media is talking about, is interest rates. So that’s all that people are hearing. You’re never gonna hear on mainstream media about the supply and demand of gold and silver. You’re not gonna really hear about. Nobody does, right? So that’s the narrative why they didn’t do so well during the first part of this conflict.
But now here’s one thing that I, that I do know. Unlike the war in Afghanistan that lasted like what, a decade or who knows how long, it’s like, it’s not that any war is, is good. Right? But, but what was that one for? What was the ramifications of that? Right? It was, it was against the rogue terrorist regime and they needed to be ousted. Right? But, but Afghanistan doesn’t really bring much to the table economically for the world. Iran does. If this conflict doesn’t end, the whole world is basically going to shut down because of the supply chain of oil.
So therefore we know there’s going to be an end point at some point. There has to be. Literally, there just has to be. So when that happens, oil comes down, the stock market goes up, the dollar weakens, Gold and silver absolutely soar because it’s now, it’s this pent up demand, right? It’s like, what did gold and silver do before this conflict? Well, Silver was up 147% last year. Gold was up almost 70%. That will resume that trend. Nothing changed. Fundamentally, nothing changed that caused it. Right. So which was low supply, high demand, the manufacturing need for silver.
I mean, it’s all of that, none of that changed because of this conflict. The only thing that changed was the temporary shock of oil prices. And what are they going to do with interest rates? Right? So that’s where it dominates the psyche of the world right now in the news. It does. And what else dominates the psyche is, is what’s Trump gonna do? Well, it’s like, I, I don’t know, I, I don’t know. Kids don’t even know. No one knows. Nobody knows. I mean, and I’m not, I’m not making light of the situation. It’s like, I, I don’t know, I’m not trying to make a joke.
It’s like, I don’t know. Nobody does. Right? Because some of this stuff is logical, some of it seems illogical, but when you look at it, it’s like we don’t, we’re not the president he knows more than what we do about what’s happening behind the scenes. And so you have to trust that. But it’ll end. It’ll end at some point. But in the meantime, you’ve got. Silver now, for example, is really starting to grow robustly. It got down to the upper 60s when this conflict first started. It’s now back up to like 80. Like, okay, this is really great.
It’s. It’s quietly rebounded. Gold is rebounding now when you look at some of the forecasters. Because on your show, I’ve talked a lot about where I think silver is headed over the next year, right? And I, and I’ve said, you know, probably by the summer, we’re going to see triple digits again by the end of the year, two to three hundred dollars an ounce. I haven’t deviated from that at all. I think we’re going to get there. But here’s what’s really interesting, is I’m not a lone wolf in that, right? So I was looking at some different research of big institutions and where they think metals are headed.
So one of my favorite metals researchers on the planet. He’s brilliant. Is Jesse Colombo with the Bubble Bubble Report. He thinks we’re going to see silver in multiple hundreds by the end of the year because of where we are. Technically, when you look at chart patterns and things of that nature. Bank of America, one of the largest banks in the world, right? They’re massive. Huge. So they said by their end of year target is 135 to 309. Like, it’s quite the spread. So. Quite the spread. And. But why? So I want to look at the whys.
I don’t want to hear just an answer. It’s like, why are they looking at that number? Right? So simply the gold to silver ratio compression that’s going to happen. It’s like, sweet. They’re saying the same thing that we are now, the gold and silver ratio, which is why we’re in silver right now, because we can ultimately compound that and get gold down the road for more of it than what you could have purchased today. They think we’re going to get to 32 to 1. That’s where they get their number. Their number is understated, Brian, because they said, yeah, we’ll get to 32 to 1, but gold’s gonna be $5,000 an ounce.
It’s like, okay, that’s where they’re wrong. I think gold’s gonna be 6 to $7,000 an ounce. Therefore, if it’s at 32 to 1 that’s gonna put their numbers way higher, Right. So anyways, they say 135 to 309. David Hunter, commodities analyst, brilliant guy as well, 180 by the end of the year. Just because he thinks we’re going to have a huge breakout in the second quarter of this year. Citigroup, 150 to 170 by the end of the year. Why? Because of the gold to silver ratio. Interesting. And because of Chinese demand. Robert Kiyosaki, rich dad, poor dad guy, right.
200. Not because of these. But he simply sees a fiat currency crisis coming. That’s his thesis, right? It’s like, yeah, we’re seeing a paradigm shift. And I agree with that in the sense of where are we going to be three years from now? We might not have paper money as we know it at all. The whole institution of central banks is probably going to change. So this pendulum shifting moment that we’re seeing right now, what is, what is the pendulum moving towards? Well, one of two outcomes. Number one, you probably. Because it’s not going to stay the same because the system is so broke it needs to be fixed.
Reset. Whatever word you want to use, right. I mean, I don’t want to sound conspiratorial on it, right. But it needs to be broke, it needs to be reset. We need to start over. Right? So even Scott Bessant, Treasury Secretary, said two days ago, Brian, he had an interview, he said, you know, the Bretton woods system that started in the 1940s put the dollar at the top of the heat as the global reserve currency. We need to replicate that again. It’s like, what’s he saying? The Bretton woods system was a reset of the way that money was looked at before it made the dollar the world’s reserve currency.
He’s saying that we’re going to have some kind of reset. So where do we go? Where do we go with that? You could either have a tangible backed money, like gold backed currency, not just here, but globally, or you could go into cryptocurrency, right? Decentralized blockchain, the distributed ledger, all of that away from central bank digital currency. Or better yet, which is, we’re going into digital money whether people want it or not. It doesn’t matter what people think or what it’s going to happen. Right? So I love decentralized blockchain in the sense of it gets you away from central bank digital currency.
Right. So what if in this world of real world assets and stable coins, you could have gold backed tokens, right? Real world assets, you can tokenize anything. So maybe that’s the new system. Maybe it’s simply currency as we know it that’s backed by metals or in its digital form backed by like paper. Used to be. Like it used to be. I mean, yeah. What it’s like paper certificates for how much gold and silver back that money. What if you have digital currency that’s backed by gold and silver? I mean literally, it’s not a new idea. It’s currency backed by something tangible and something real.
It just happens to be a digital version of it rather than a paper version of it. Other than that, no, no difference. Right, so. So we’re going to move to something. We don’t know what it is, but what’s the common denominator? Something that’s tangible and real that’s backing either of them. That’s where moving forward, I think Kiyosaki is right, we are going to have a fiat currency crisis. Right. The Silver Institute, their major silver research firm, they said we’ve had the sixth year in a row of deficits of silver coming out of the mines versus demand.
67 million ounces this year. So that’s low number. It’s usually in the 80s to 90s. So six years of that is one full years of mining production. They are running out. This is the supply side. So what we need to start looking at and retraining ourselves is not just talk about the demand. Not talk about, oh yeah, Tesla needs silver, Nvidia needs silver, solar industry needs silver, Samsung needs televisions. So all we’ve ever focused on was the demand side. We have to start thinking about the supply side because it’s running out. Demand could stay the same, supply goes to nothing.
It’s going to have even a greater impact than just the demand. Right. So this is the world that we’re living in, Right. So in a strange time and you know, you’re a doctor, it’s easy to diagnose something or say, you know, what is today and tomorrow going to look like versus what’s my health going to be like a year or two years from now. Right. It’s usually easier to say, well, this is where you are right now, right? Oh yeah, sure. So in my world, because of we never know what Trump is going to do from day to day, I’m more confident about where silver is going to be six months or a year from now than where it is going to be tomorrow.
This is totally backwards. Bizarro world. Right, but, but here’s where. Why do I say that because fundamentals always hold true. Always, always, always. It’s like if there’s low supply and high demand, the prices will go up. So they’re going to go up. This conflict will be over. The temporary shock that we see from it is going to go away. Truth and rationality and logic will come back into the picture again and then the market will resume the way that it did before the conflict started. So that’s my kind of immediate and longer term view of where we’re headed and why.
But I’m really excited about it. Why? Because on January 30th, silver was well over a hundred dollars an ounce. Today it’s 80 and the markets, nothing changed. So you get to buy on a dip. I mean we all want to buy low and sell high. So that’s what makes me excited about where we are right now. Yeah, that’s awesome. Well, I appreciate the update and getting your perspective on the economy and where gold and silver is because I guarantee you a lot of people who have bought gold and silver when they were so thrilled and excited come January, within one week of this war, you’re like, wait, wait, gold dropped a thousand dollars an ounce almost overnight.
Like, oh wait, oh, that’s come back up another 300, up to like 4800 I think I saw this morning, but you had mentioned last year. So I really appreciate the updates, the perspective because I have read and looked at, not seeing, spend a lot of time doing that, but gone and looked at what other financial experts say about gold and silver and their future perspectives. And I have seen numbers from people that have been around since the 70s looking at indexes and futures of silver and gold who actually still say today they believe silver might even hit.
If it doesn’t do this, don’t hold me responsible. They’ve said we think it might hit 800 an ounce by the end of this year. And I’m like, that’s a lot. 300, 500, I’ve seen these numbers. But everyone in unison, all agrees it’s going to go back up even farther than where it is right now. So on this dip, this low, you might want to go get some more gold and silver. I actually had a dinner the other night, Jane and I did my wife with Scott McKay and it just came up, gold and silver came up.
And he’s like, call Kirk right now. And I was like, dude, I already call Kirk. And I said, kirk and I have already bought a whole bunch of gold, even silver in the last six months. We keep on buying. Kirk just keeps saying get your hands on any metals. Because he can see the future’s coming no matter where it’s going. In this weird bamboozled moment where you’re like trying to make sense of this world as it’s not really going the way you think it always is going to be moving with inflation, war, supply, demand, it just doesn’t look normal at the moment.
But it’s going to reset and it’s going to climb. And what we talked about last year in 2025, we had talked about the requirements of silver to even maintain crypto digital currency where the value is of that precious metal in the requirements of even running data centers that actually manage the world’s digital currency. Yeah, and I had actually asked you back then last year, I said, well, I have a question about gold. And you said, well, next year don’t buy too much gold is what you said. Here, stick with silver for now. But don’t worry, next year I’m going to make you aware there’s going to be price points of gold that I’m going to tell everybody.
Now you might want to go to gold. Are we there now when it dipped down $1,000, are you still thinking something’s going to change? And wait a little bit longer before you start making that investment versus silver. Wait, wait longer. Because the ratio between the two still hasn’t changed very much. Why? Because silver came down when gold came down. So they both came down together. So that ratio didn’t change. So what’s the healthy ratio most people are used to with gold and silver? What’s the typical ratio you’ve seen throughout history? What’s the ratio they usually try to surmise as normal? Long term history, it’s 20 to 1.
Okay. But different times, different eras. Right. So modern day, the low was 30 to 1. That was in 2011. So right now we’re at like 60. Right. So most of my clients over the last few years have gotten in close to 90 to 1. So even at 60, it’s, it’s compressing. So this is where bank of America, remember they said they, they think it’s going to hit 32 to 1. Well, if you got in at 90 to 1, which most of my clients have over the last years, it was at that range for literally years. Yeah.
And you get to 45 to 1. We could sell your silver going to gold, you double the ounces of gold that you could have purchased on day one. So if you could have purchased 100 ounces of gold, you’re going to get 200 ounces if the ratio comes down in half, it’s like, wait, where did all that extra money come from to buy the gold? It’s like, it’s not magic. It’s just math, right? Yeah. So to answer your question, when we get to 40 to 1, I’ll probably want to start rolling out about 40% of the client’s portfolios and put them into gold.
When we get down to the bottom, whatever that number is, markets tend to overshoot in both ways, on the downside and on the upside. So whether it’s 30 to 1, 20 to 1, 10 to 1, we don’t know until we’re there. Then we’ll get rid of the rest, then we’ll be 100% into gold. And literally when we get down to 20 to 1, we get there and people started at 90, you double, at 45, you double again from 45 down to 20. Right. It’s just a compounding of ounces. Ultimately, it’s not just that metals prices are going up that causes your value to increase.
You’re compounding your wealth by controlling more ounces. See, that’s what’s really incredible about what we do. You can’t do that with rare coins. You can’t do that with collectibles and commemoratives. They’re too high premium. This works when you do bullion, and it really works when you do it. Like with us when we were selling it, we charge zero when you liquidate. So you’re truly making that compounding effect work amazingly well for you. That’s awesome. All right, Kirk. So this is why it’s important all of you pay attention to the Dr. Ardis Show. Make sure you get our emails and get your updates on these financial things so that you know, you can make confident decisions.
And then, you know, even if you still sitting there wondering what ratio I am right now, you need to call Kirk Elliott. So give him your phone number. Tell them where they find you. Kirk? Yes. 720-605-3100. At 720-605-3100, you have a link to Kurt Elliot PhD.com forward slash artists. Yes, forward slash artists. And gets you to the same place. So call us. Go to that link and only those two things. So only that link or only that phone number? 720-605-3900. The way the reason I’m making it a stink about it, there’s so many AI Kirks out there that are not me, that are.
That are going to some other weird phone number in China, and it’s like, okay, if it’s not one of these two, it is not us, right? I guess, trust me, audiences know this. There’s multiple sites there that look like the Dr. Ardis show, and people are charging people crypto and all kinds of stuff for a consultation and taking thousands of dollars from people that are trying to follow me and get help from me. And it’s very odd. So we’re having to warn them all the time of fraudulent accounts. There are other fraudulent Kirk Elliott accounts. There’s only one.
He looks like this. We gave you the phone numbers. You got the website. If you don’t look like this, sound like this, and he ain’t answering the phone or answering, replying to your emails, that’s not him. So stay with those two ways of contacting Kirk Elliott, PhD. Tell him Dr. Dr. Ardis sent you, and you will be as confident as I have been and my wife have been. And thank you, Kirk, for you and your team helping us acquire more silver since December of last year. We’re very excited to see where this market goes. We’re also very excited to see how the world shifts.
Life’s about change. If you don’t grow, you’re not changing, you’re not growing. So I’m excited to see where we go from the war, from the reset of the finances of this country, because it’s been in dire straits for a long time. It is very unhealthy the way it is. It’s been going unhealthy for a very long time. I think we all know that. But anyway, God bless you, Kirk. Is there anything else you would like to make us aware of? This is April of 2026. What else do we need to know, if anything? I mean, that’s it.
Let’s pray that Trump ultimately gets his way in tax day, which was yesterday. We won’t have them anymore, so love to get rid of. Yes. Yeah, no, that’s. That’s not on my radar. Right. But anyways, just one. But a man could dream. A man can dream. We can dream. Right? So now just don’t let the fear of this world, this anxiety, the uncertainty and the turbulence cause you to do nothing. Do something about it. Take advantage of the situation so it doesn’t take advantage of you. Give us a holler. Oh, here’s a question, too. I know.
I remember growing up a lot and spending time working at Fidelity Investments as a young customer service rep for people with their financial statements. And back in the day, in the early 2000s when I worked for them, 1999 and 2001, there were often discussions about the percentages of your portfolio you wanted in precious metals. And most of the time I’d hear like 10% of your portfolios. For people out there even thinking, considering, dabbling into metals and haven’t done it yet, is there a safe number you would recommend? I’ve heard up to 20% now should be what people are looking for.
Some people are doing it at 100, non stop, full gas throttle. Let’s just do it all in precious metals. What do you recommend to these people to start considering in their brain before this consult they have with you and your team? Where should they start thinking about dipping into precious metals? I mean, back in the day, in the 80s and 90s, you know, in the stock market was booming. Yeah, 10% was probably appropriate. I’ve, I’m pretty close to 100 myself because nothing else makes sense right now. But if you’re looking at it from a purely logical standpoint, if you’ve got an asset that it looks like it’s coming down, and this is why people call it like, I’m afraid of the stock market, I’m afraid of my banks, I want to go into metals.
How much do you want to do? Well, let’s do 10%. Like what Brian just said is the, it’s like, but you’re afraid the other ones are going to fail and you’re still going to keep 90% of it in there. That doesn’t make any sense to me. Well, it’s a diversified portfolio. It’s like, I don’t care. You’re diversifying into 20 different Titanics. They could all sink. Right. So thank you for having this dialogue. I just know a lot of people who have not transitioned there and any of you who have been waiting and listening over and over and over at some point, it takes like seven or eight times before people make a decision about a new decision or purchase in their life.
So when it comes to metals, I hoped we could have this conversation here because how much should I transition, though? I’m scared I might lose all of it. Well, I mean, we have to talk individually with people because what are their growth needs, what are their risk factors? What is their safety concerns? How close are they to retirement? Right. You can’t really use a cookie cutter approach. From a logical standpoint, I would say you’re trying to hedge something that’s coming down with something that’s going up 50, 50. You know, that way if one goes down and the other one’s coming up, you know, it’s going to work out decently for you.
But you know what? I’m not going to cookie cutter approach it. We just talk to you and we’ll see. Some people might be 5%, 10%, some might be a hundred. It just depends on the situation of the person we’re talking to. Thank you for having that. I hope you at home are now more confident to have this conversation that it’s not just a one shot. We’re just going to convert everything to metals for you because that’s exactly what we think is best for you. No, they’re going to hear you out, listen to you, see where you at in your life and what your goals are with the wealth you’ve already accumulated.
So thank you for that. It is not a one, one, I don’t know, stamp fits all right. It is a not a cookie cutter approach. This is a very unique, customized approach for you and this team will listen. That’s why I trust Kirk. So this is why we continue to bring Kirk on the screen so that you can hear where his mind is. Because he’s got the two PhDs I don’t have, which is in economics and finance. So I’ve got to listen to him. I’m the health nut diving into medical research stuff 24 7. And then I got to trust him to help him make sure that what I’m trying to build for my own family, for my own home is set and safe and growing, which is what I intend.
So thank you very much, Kirk Elliot. If you are looking for guidance, Kirk Elliot’s who I trust. It’s who’s helping me and my family and my wife manage our own finances and protect those and protect those assets we’ve accumulated over our lifetime. So God bless you, Kirk. Thank you, Kirk Gillett and your team. PhD. We will see you next time on the Dr. Ardis show. God bless. God bless. Bye bye.
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