➡ The Arcadia Economics article talks about how gold and silver markets have seen significant changes recently, with gold increasing by a thousand dollars in two months. Despite some recent dips, the markets are expected to remain volatile. The price of silver has also risen rapidly, reaching an all-time high. Despite potential sell-offs and corrections, the long-term outlook suggests that the prices of gold and silver will continue to rise.

➡ The future prices of gold and silver are unpredictable and can be influenced by various factors, including market conditions and supply stress. Recently, there have been signs that the London Bullion Market Association (LBMA) may fail due to supply stress, as the difference between the London futures silver price and the COMEX futures price has diverged. Additionally, there’s a shortage of silver in certain areas, including India, which has led to a surge in demand. This situation has resulted in unusual market conditions, such as the spot price of silver rising above the futures price, indicating potential market instability.

➡ India has been buying a lot of silver, especially during their festival season, which has led to a shortage in supply. This has caused the LBMA spot price to rise. The shortage has also affected the Royal Mint and other manufacturers who rely on silver. The situation is still unresolved and it’s unclear what will happen next, but it’s possible that other commodity exchanges could bypass the LBMA COMEX structure and reposition the price of silver and gold.

➡ The text discusses the impact of lowering interest rates and the devaluation of the dollar on the gold and silver market. It suggests that these actions, along with geopolitical events like the D-dollarization movement and tensions between countries, are driving up the value of gold and silver. The text also mentions the potential effects of the U.S. government shutdown on these markets. Lastly, it highlights the need for better strategies to avoid global conflicts and their impact on financial markets.

➡ The speaker discusses the possibility of politicians being blackmailed and how this could impact their decisions. They also touch on the geopolitical situation in Venezuela, its oil reserves, and the U.S. military presence there. The speaker suggests that these factors, along with others, could influence the gold and silver market. They also discuss the potential implementation of digital ID and digital currencies in the U.S., expressing uncertainty about the future but emphasizing the importance of making good decisions regardless of the circumstances.

➡ The text discusses the importance of adapting to potential changes in the future, such as automation through AI, by learning and staying updated. It also highlights the value of financial knowledge, particularly about gold and silver markets. The speaker encourages viewers to stay informed through various resources, including his own YouTube channel and written columns.

But like you pointed out, we’ve had some wild swings in the past couple of days in particular. Yet here’s the thing is that let’s take a look at our six month here. I mean this is a stunning move. I believe the, the move we saw on Monday when the futures were up about 150 bucks. Not on a percentage basis, but I think that’s the largest one ever on an outright dollar basis. Look at this here, Alexander, we got August 18th, the price of gold was 3358 the low. So we just passed October 18th. So gold went up a thousand bucks in two months.

Well, hello there my friends, Chris Marcus here with you for Arcade economics on Wednesday, October 22nd. Unfortunately, we have a nice treat for you in store today because earlier today with all the activity going on in the silver market recorded an interview with Alexander Horat of the Free American Press Channel. Now some of you longtime viewers may remember we had Alexander on about five years ago. He was a guest on the Arcadia Channel and he told me today he’s 22. And I remember back then he was, he’s a bit younger than many silver analysts, although I thought he knew more back then than any central banker politician I’ve ever heard speak.

And as I think you’ll see here, it’s really exciting because especially at such a young age to have as much knowledge as he does and talk about the gold and silver markets like an experienced veteran. And he had me on his show today. So let’s play that one for you now. Hello everyone. This is the Free American Press with your host Alexander Horat. And today we’re joined by Chris Marcus of Arcadia Economics. He is a deep voice in the precious metals world, especially in silver. He has a unique perspective in the gold and silver market. Hello Chris.

Thank you for joining us. Alexander, it’s quite a pleasure to see you again. I sure enjoyed first time we talked, which I think was about five years ago. And I apologize we haven’t kept in touch. But I was really happy to get your email and like I was saying before we started, I can’t even imagine what new tricks you’ve developed since then. And just nice to see you and happy to be here today. Well, I really appreciate that Chris, and I think our talk five years ago was really good and I’m glad that we got in touch again.

So we’re seeing some big things happening right now in the gold and silver market. We see that gold and silver has recently reached a historic rally. But for the last couple days we’ve seen gold and silver dip quite a bit so that leads me to my question so what’s your forecast for gold and silver for the rest of this year by the end of the year? Well I will give you an answer that probably some people won’t like but I would imagine the, the main thing that you can safely say is that we’re probably going to have some incredibly volatile conditions so as you quite correctly pointed out and I’m going to pull up our pricing here today so that people can see how it’s looking as of Wednesday the 22nd in October Gold all over the map was down even more earlier today Silver hanging in there but like you pointed out we’ve had some wild swings in the past couple days in particular yet here’s the thing is that let’s take a look at our six month here.

I mean this is a stunning move the I believe the, the move we saw on Monday when the futures were up about 150 bucks not on a percentage basis but I think that’s the largest one ever on an outright dollar basis. Look at this here Alexander we got August 18th price of gold was 3358 the low so we just passed October 18th so Goldman up a thousand bucks in two months and one of the things that I thought was pretty stunning and I’m fortunate to have actually been following this back in 2011 so got to see what that one was like.

I mean it just the way gold and silver at at times this past year in particular you know they go up to go up the next day they go up the day after that then a couple more days and you’re thinking like all right well you know even if it’s still going to go up you’d probably expect some sort of sell off or correction and you know finally that came over the last couple of days the you know it was a large one but I mean you, you’ve had I mean maybe on a. I don’t know if there’s an outright winner but like what we I think this especially with silver we’ve hit a new all time high.

This is like in some senses stacks above what we saw in 1980 and what we saw in 2011. And I’ll let me pull up the silver chart so I can show you just the extent of that move which has been just as rapid and stunning especially in these past couple months But I might add the last leg of these rallies here this has also happened while the dollar index has been rising so it’s not like the dollar has been getting clobbered and why we see silver going up and we’ll see if we can get the chart there.

All right, so we look, let’s go back here. This is July 30th, silver was down to 36 bucks. So it got up to 53, 54, $17 move in two months. That’s, it’s pretty big. So at some point you’re gonna have a correction. And if there’s, if it can go up that quickly and rapidly, I’m not saying, I wouldn’t say you should or what you have to, but I would expect that when the sell offs come, they’re gonna sometimes look like what they did earlier this week and on Friday of last week. And whether, you know, I hear sometimes people say, well, you know, I don’t want to see silver gold go up too fast.

And okay, that’s fine. But what you or I or anybody else wants may or may not be relevant here. You know, the markets work the way they work and you know, are they perfect? Are there flaws with the setup? Yes, you could make that case, but you know, is there inappropriate behavior that goes on? Yes, we’ve seen that, we’ve seen the fines. Although at some point it’s like, all right, well, we’re here. Given that this is what is likely to happen, how do I make the best decisions? So anyway, long answer to your question, but I expect a lot of volatility.

I’ve noticed a lot of talk of people saying, all right, silver finally broke 50, so now we’re going to hit 100 by Christmas. Now, given the situation that we have with what even the LBMA has termed as not a dislocation, according to Bloomberg, they’re saying this isn’t just Silver’s in the wrong place. Bloomberg said, according to their source at the lbma, familiar with their thinking, that they think it’s a shortage. So do you have a wide range of outcomes that are possible and could you see a spike maybe even more significant? There are paths where that can happen.

Yet also when I see people saying like, oh, now it’s finally over 50, I’m going to pile in and buy so I catch it before it goes to 100. Is that possible? Yes. But keep in mind that when you’re buying over 50, you’re also buying at the all time record high that many people waited 45 years for that to occur. So I think there will be pull up pullbacks and sell offs along the way. With that said, and we can dig into this more, but when you look at what’s happening, especially with the Trump administration, especially with the trade wars, and I think whether it’s Trump or whoever comes in next, do you still have this hollowed out manufacturing base that needs to be rebuilt? And because of some of the ways that that would have to happen, I do think that we’re kind of at a point where the gold price over the next year, five, 10 years is going to have to go up more because of what is going to have to happen to all of these bondholders.

And silver, I expect, will go along with that. So do I think we’re going back to 20 silver for the next decade? No, I think there’s a variety of reasons that’s virtually impossible. But, you know, if you told me Silver was at $42 next month, I wouldn’t be shocked. If you told me it was at $62 next month, I wouldn’t be shocked. And I think over the longer term, if you’re saying, all right, I have, let’s say someone has, you know, their retirement money saved or a million or five million dollars or a hundred thousand dollars, and they say, sure, that, you know, this is something that is savings for a longer term, I think in five or 10 years you have an incredibly good chance that the gold and silver prices have gone higher than they are today.

But anyone who claims to be able to tell you exactly what’s going to happen tomorrow or next week, I would personally just be a little cautious of that. And I say that after having done a show where I’ve talked to everyone outside of Santa Claus who will talk about gold and silver and we’re in uncharted territory. But those are hopefully some guidelines to at least give you an idea of what may be coming. And let me know if there’s anyone in there you’d like me to try and clear up further. So, yeah, that definitely makes sense.

It is kind of hard to say a specific price on what it’s going to be for at the end of the year. So I definitely get your thoughts on whether it’s going to be $62 or $42. It’s gonna really be driven by the market. But what I did hear you mention was the lbma. So that actually brings me to my next question. Is there any indication that LBMA will fail due to supply stress? Yeah, we’ve gotten plenty of indications of that happening. Not the least of which is the way that the spread between the London futures silver price and the COMEX futures price and the London spot price has diverged And I appreciate you brought that up because I was just gonna say that you know.

All right, well that’s a great range there Chris. 42 to 62. Well you know it’s kind of like it depends because basically London got short squeezed. I wouldn’t say that we have a shortage of silver in the world but there are certain areas that don’t have it of which India does have a shortage there. Right now I think it’s becoming more appropriate to call what’s happening in London a shortage. And when I mentioned the spreads. Let me pull this up and we can explain that so that everybody watching can get this because it’s not going to be as complex as you might think.

Where it says silver that’s in Deck 25, that’s the December Futures. And this XAG USD you can use as the spot price. Normally the futures trade over the spot price. You’re delaying delivery but you don’t, you get the interest savings and you don’t have to pay or there’s the storage difference versus if you take spot silver then you have to store it now. So in normal conditions the spot price will be higher than or the futures price will be higher than the spot price to account for. That makes sense so far. Yep. And if anything you need to, if it’s not clear just interrupt me and let me know so we can make sure everyone gets this.

Sounds good. Now what happened recently is that the spot price which normally trades below the futures started rising and inverted it what’s called backwardation and part of that is because in London they’re free float. This is where the physical market is. We, I’m sure you’ve heard about it. I’ve been talking about on my show how it’s been getting into the danger territory. The amount of silver available to underpin the London spot market was getting into the danger zone. Banks were writing about it and then about a month or so ago ahead of the Indian festival season there was a real surge there in the midst of an already fragile situation.

After all the metal had gone from London over to New York because of the whole tariff mess and that brought us into the tipping point. So this spread here where usually you know and it’ll narrow as you get closer to the expiration but I mean something like 10 or 20 or 25 cents with the futures over the spot price but the spot price started rising over the futures got backwardated. Now backwardation is not normal but you know, if the spot price goes 30 cents over the futures, I mean that’s kind of like, hey, something’s going on here.

Yeah, and stop at 30 cents. And then two weeks ago, on October 9th, remember we’re posting our morning show, the spot price had gotten inverted, A$20 over. And again, since normally the futures are over, that’s really a $40 or a $50 out of line. And I’m sitting there watching, I’m like, wow, that’s a bit shocking. And then an hour later it’s 250 over. Wow. And that’s when I’m like, I think something has broken here. Interestingly, a week after that I have a friend who told me he had heard a rumor that there had been a failure to deliver in the Silver Market to J.P.

morgan. He was not sure, although he’s someone that is well connected with people in the industry and he was clarifying he was not sure. But then last week saw some more confirmation of some sort of event like that. And then Alexander Ah, well, if you might be as kind to read this paragraph, I’m going to pull up here because I think that this was something that if anyone is following. The Silver Market might be one of the most significant things in the history of silver market was published by Bloomberg on Saturday. Actually, would you mind? You want to read it or I can read it.

I can read it. That’s fine. Take it away. I think you’ll enjoy this one. And the highlighted part under Breaking the Squeeze. The silver market is known for its wild swings and on past occasions the market regulators have stepped in. The Hunt Brothers attempted corner in 1980 was broken when the main exchanges prevented traders from taking new positions, allowing them only to liquidate. In 1998, after Warren Buffett’s Berkshire Hathaway Inc. Bought the equivalent of about a quarter of the world’s annual mine output and triggered a squeeze in London, the London Bullion Market association changed its rules to accept metal that would be delivered to a vault within 15 days rather than the usual 45 day window.

The LBMA doesn’t see the need to take similar action now because it views the current squeeze as the result of genuinely short supplies of silver rather than due to logistical bottlenecks as occurred in 1998, according to a person familiar with its thinking. Go ahead. The LBMA doesn’t need doesn’t see the need to take similar action now because it views the current squeeze as a result of genuinely short supplies of silver rather than due to the logistical bottlenecks as occurred in 1998, according to a person familiar with its thinking. So this is. This was on Bloomberg Wasn’t you know like a those magazine racks at the supermarket tabloids.

According to a person familiar with their thinking, unless they’re bullshitting there, this is the LBMA saying that this isn’t due to logistical bottlenecks. It’s not that we have the silver here. And so as this was developing, I mean because that’s the thing I was wondering and again running a silver channel, you know, I know to be careful about using words like shortage because there’s not want people to have good information, understand what’s going on. I’m not trying to get anybody to do anything and and first when it was that same October 9th, the day that it broke, we also had the reports coming out of India that they didn’t have enough silver and they have ETFs there too, similar to SLV and people wanted to buy more shares but they didn’t have the silver to add.

Yeah and in the articles they, there are a couple that said basically the same thing. Well there’s knows we don’t have the silver now but we’re expecting it in the next shipment. So is it possible we have a shortage? Yes, but do we have enough information at that point to confirm it? Well I don’t know if they, you know, it’s on the next truck and you start. Okay, but that was October 9th. And then Alexander, check out this part. This was the other wild thing. Around two weeks ago, JP Morgan, the largest precious metals trader and an important supplier to the Indian market, told at least one of its clients that it had had no more silver available to deliver to India for the month of October.

And the soonest it could offer supplies was in November. So that’s really big like that. What’s that? I was just saying that actually brought me to my next question. So could you tell us more about this India shortage? Because India has the most people in the whole entire world. It’s a huge massive economy. So to see a shortage in India seems to be like a really big deal to me. Yeah, I would think so too. And here unfortunately we have they talk about the situation became so severe Kodak decided to halt new subscriptions to its silver fund.

Similar funds run by UTI and State bank of India also followed suit. And you hear like, it’s interesting they had some great quotes from people local. In the Indian market most people are dealing silver and silver coins are literally out of stock because the silver is not there. I haven’t seen this in my 27 year career. You can great article for people to check out and if you don’t have a Bloomberg subscription, if you copy and paste the title, there’s a version you could get. This was one of the Wilder silver articles in history and yeah, I mean they were buying a lot of silver.

What’s further interesting is that India has the reputation and because traditionally they’re price sensitive buyers, they buy when the price goes down and when prices start spiking they usually are a seller. So it’s like not only are they buying a lot of silver, it’s just now they’re getting into their festival season. Alexander Lakshmi, the God goddess of wealth. So they, they’ve been learning about, I guess you like to get Lakshmi some silver and gold. And they’ve been getting Lakshmi a lot of silver and gold to the point where they ate through the supply and the LBMA didn’t have more to send.

So that’s why you saw the LBMA spot price kept rising and when it went far enough above the futures. Now since that October 9th date, metal has been leaving the comex again. Yeah, people in case some don’t know when there were the uncertainty with the tariffs earlier this year a huge amount of gold and both, both gold and silver came from London to New York because they’re worried, well if there’s a tariff placed on this it’s going to get more expensive. So that’s what started this. And London was already, I mean they’ve been seeing their stockpile go down for the last four years now.

But then you had the tariff thing brought a lot of the metal over then also a lot of another driving factor. There’s been a lot of metal going into those ETFs especially over the past year. And then you add the Indian thing on and that kind of was the break point. And then as that’s why you saw that spread invert and I might add when I said that I thought something broke in the market that day. I think it’s safe to say that was correct. And here you see a couple months later, sold out panic in London, how the silver market broke.

And if you go through that you can hear a variety of traders and industry folks saying as much. Yeah. So when that broke and the price went that much higher then you started seeing people taking metal out of the COMEX and sending it back to London. And now we’re in a situation where it’s, we’re waiting to see where it all ends up. I haven’t seen any update of India getting back online yet. I would assume some of the metal that left the Comax Is first I was thinking, you know, we’ll go back to London and then to India.

Could also go directly to India. I mean, that’ll be the next thing to see. When does India come back online or what happens next there. I would ballpark, we’re probably about 25 to 30 million ounces have left the COMEX in these past two weeks. Is that a long term fix? I tend to think not. And at least according to Bloomberg, the LVMA says no as well. And in terms of, well, all right, if we really get into an issue, what does that look like? People often use the example of like an Apple or a Samsung not having the silver to manufacture their products.

Yeah, well, the Royal Mint was talking about delays last week and maybe they’re not your traditional product manufacturer. I mean, silver’s still their input cost for the thing they’re selling. And if the Royal Mint can’t get silver and India can’t get silver, and if Bloomberg is quoting accurately, there’s sources on the LBMA and they’re saying they think this is a genuine shortage and not a dislocation, then going back to when started with the Indian thing where it’s like, all right, is the metal out of place or have we actually reached a shortage? I guess it depends what happens with how much of that metal leaves the comex.

But unless more of that leaves, I mean, it’s, it’s starting to see something that is a bigger significant problem and has not been resolved yet. Yeah, definitely. So do you think we could see the fall, the lbma and could the rise of bricks, commodity exchanges like Shanghai or Moscow’s metal markets bypass the LBMA COMEX structure and reposition the price of silver and gold, could we see it? I mean, I think we’re already seeing that. Yeah. I have colleague Vince Lancy from Gold Fix who does a morning show on our channel each day and he’s talked a lot about how China has also been building a vaulting network, not just in China, but in many of the other BRICS nations, so that you can actually facilitate trade flows.

And he had something this morning about how now silver is getting lumped in with that. What was it last year when Russia mentioned that they were working on an exchange? Yeah, you’re, you’re seeing it happen. And that’s why, I mean, if, if you’re running a hedge fund and you’re trading the daily moves in slv, you know, okay, that’s one thing. But if you’re a gold and silver stacker, shall we say, and you’re thinking, how am I protecting myself through what is to come? I mean, you see it happening now. I tend to be a bit conservative just because I know there’s that tendency, you know, if you talk about gold and silver and people call you a pumper.

Well, I’m not trying to pump anything. I’ve always felt like to give the best information is the goal. Yep. So I remember maybe about a month ago, you know, and I hear a lot of people say, oh well, the things rallying, but we might just be in the early innings and like it’s possible. I don’t know that. Although as we’ve gone on here, I think the other key piece, you, you if you add in here, Luke Groman does a, a brilliant job of pointing this out. So I will give him the credit for if I get this explanation just right.

But I mean if you make actually you could simplify it. Basically the bond holders are getting, are going to get stiffed. I mean we’re, we’re. It’s not confusing that the case you had any mysteries of whether the government was going to reign in spending, repay the budget? I think when Elon Musk actually went in there with great fanfare and then stomped out a couple months later after they, you know, and some of the stuff he found was egregious fraud. And yeah, what did they have like a court, you know, prevent them from stopping any of the fraud.

So if you think that’s going to be a problem and if you think that we’re to the point now where we need to reshore manufacturing, especially when things aren’t going so well with China and Russia and some of these bigger powers. And you continue to hear these stories about how it’s like, yeah, well we might want to go to war, but we’re gonna have to ask China for some rare earths. And are they going to give it to them to use so that we can go to war against them? These are some of the problems that are going to come up that are not going to come up.

That are coming up. Okay, so you want to reshore. You want to build data centers for AI. What is it? I forget which energy agency it was. It says we need to double or triple the electrical grid by 2028. I’m like 28. That’s back when I was in college. That seemed far ways off, but okay. All this stuff that they want to do, including I saw that recently the US treasury is now guaranteeing Argentinian debt. So now we’re selling treasuries to Buy pesos. Yeah, it’s crazy. Seems, seems like you can see where this is heading and in the end what is the way to fund that? Well, I think Alexander not going to be breaking any scoops on that one.

You’ve been pretty clear. I remember five years ago we talked about it and now the end of the day, what are they going to do? Let the treasury market fail or is the Fed going to buy more? Well, they’re already talking about it’s time to end quantitative tightening. They’re lowering interest rates. Couple of months Trump’s going to bring someone in who’s going to lower interest rates even faster. Which personally I think he should just choose Bernanke. He would be the man for the job. But yeah, so all this wealth is going to come from somewhere and then add on that my Stephen Myon, the Trump’s chairman of the Council of Economic Advisors who wrote his thesis on how to restructure the global how to restructure the global trading system, which was a 41 page document that talked ad nauseam about the overvalued dollar just like every other member of the administration except for maybe J.D.

vance when he was campaigning and talked about how Kamala Harris was going to run inflation like crazy and you got to protect the value of a dollar. But aside from that, they’ve talked about lowering the dollar. The dollar has gotten absolutely clobbered since they’ve come in, which I don’t think is an accident. And to achieve what they want to achieve, to balance these flows that keep sending more debt here to buy foreign products. How do you adjust that? Well, whether it’s done within a plan and intent or whether the markets do it for you, it’s going to be a lower dollar over time.

And this isn’t even just against gold. I mean this is the dollar’s gotten pummeled against the other chunk currencies like the yen and the euro that make up that dollar index. So if it’s down 15% in half a year against the other Ponzi scheme currencies. But that’s what you have to do to get the system adjusted. And that’s why the people who are holding those bonds are going to get clobbered and continue to get clobbered and why money is going into gold. And now maybe five years ago we were talking about how one day that might happen.

We don’t have to talk about one day, we’re seeing it happen. Right? Yeah, I definitely agree. So do you think with them lowering interest rates, which that’s what they’re planning on doing. You think that will raise the gold and silver market? I mean, it already has. And I think that was when they finally started the cuts a couple months ago. And was that just last month? Seems like a while ago. But then they also indicated they’re going to have more cuts than expected. Jalexander. Wouldn’t you say that’s a little bit of an unusual plan where if you had that transitory inflation that went over 2% in April of 2021, has been over the Fed’s mandate for four years now, is now accelerating again.

And I think it’s. Well, I don’t need to wait for the government to open back up to get CPI and ppi. I mean, I think there’s enough with common sense. You can see it’s accelerating again. And their plan to fix that is to lower interest rates and then have Trump bring in someone who’s going to lower interest rates faster. And even Jerome Powell recently admitted he’s like, well, you know, could. It turns out actually, you know, it could be inflationary. Alexander, I know you were aware of that before they started all this crap and this time they’re telling you what they’re going to do.

They told you they were going to lower the dollar. Actually have a great. Oh, you should. Maybe you could interview Michael McNair. I’ll put you in touch with him. Alexander, he’d love you. And he’s done a great thesis on the ways in which the administration has already been influencing the dollar lower. So whether this is a formal reset and is used to revaluate debt, I think that’s possible. I think there’s a lot of things possible. But usually politicians, you know, they often lie. Although this time they told you what is coming. And I think you can believe this one because not only did they say it, but when you look at what they’re trying to do, they need it and they’re going to get it.

They’re already getting it. And unless you’ve reached the point where now the, the, the military can’t function under this system, you’re losing the ability for the US to effectively go to war. That’s why you’re seeing the, the treasury now. They’re investing in mining companies, they’re investing in rare earth companies and they’re talking about silver is about. I believe it’s just a formality now that it was, was added to the draft list of critical minerals which one step away from approval from officially being a critical mineral. Yeah, it’s crazy. What do you think of the US Government shutdown, Do you think that’s affecting the gold and silver market at all or not really? I don’t think it’s a zero impact.

I don’t know if it’s the driving impact. But I mean, you know, here it is now, like in the middle of this. You don’t have COT reports, you don’t have the data and labor reports. I mean, I think the big. It’s all these are another brick in the wall where the things that stack on like Elon Musk. That was a data point. You know, the government shutdown that Bloomberg regularly refers to what Wall street calls the debasement trade. That’s like the trendy thing now. Yeah. You know, they’re. It’s becoming mainstream to be like to, to realize that this is the problem that Alexander, you realized a long time ago.

But you know how slow politicians and Wall street professionals can be. So maybe they should send you a thank you card since you’ve mapped all this out on your channel for all of these Wall street trading desks to finally understand what’s going on, which I think is quite generous of you. And. But when you get to the point where to function the way governments are used to functioning, which includes the military, includes all the other things they spend on that’s breaking down. So now we’ve. You were probably a little younger. You may not remember 10 or 15 years ago too well.

When, you know, people like me in the future, you would be saying, well, one day this is going to come to a head or there’s a shelf life on this. We’re reaching that shelf life. Yeah, the brics half of the world is making their preparations to move away from that. Yeah, I definitely agree with that. So that drives me to my next question. So what geopolitical events may be affecting the gold and silver market in your opinion right now? Well, I got a couple that come to mind first. I mean, they’re the D dollarization movement, which really accelerated back in early 2022 when Russia was sanctioned and then kicked out of the SWIFT system.

And if you want your real black swan, which is coming a little bit of a fattered tail there. What was it a week or two, a couple weeks ago where there was an article saying that the Trump administration, I guess they had given Ukraine intelligence on energy targets that they could strike in Russia. And at least according to Reuters, they said that they were also even thinking about supplying the missiles. And Alexander, would you be shocked to hear that, Vlad? And it’s like how. Whether you like Vlad or not? If you’re sitting here and saying, all right, well, if we do this, what is this guy gonna do? And he basically said, probably wouldn’t do that.

He’s already his foreign minister, I believe it is. Sergey Lavrov has said they already consider that NATO has created a state of war between them and Russia. Yeah. The Europeans, who seem to, at least according to Martin Armstrong, they seem very intent. They believe they’re going to break up Russia through the various steps they’re implementing. I don’t know that they would be success. I think they’re a lot less likely to be successful than they might think. Think they are. But, you know, they’ve also talked about the money that was frozen, just confiscating that to rebuild Ukraine.

I understand there’s many different views on what’s right or not, but I’m just from the financial perspective that you’re very, very close to some things here. I mean, quite a shift from the campaign trail where Trump was saying, hey, I’ll end the war in a day, and something has changed drastically. It’s another conversation of the who’s right or not. But just saying it, it’s gone from something that went through my thought process when this was the first election I voted in for a while, because I think you’re often voting between two different cons. And so the idea that.

Because I think that. Yeah, is it. I think it’s an important event. Oh, yeah, we don’t go to World War III and it’s nuclear. Yeah, I guess that’s an important event. So. But it’s. That’s. In terms of geopolitics, that’s at the top of the list. Obviously, the Middle east is not getting along that nicely now. And so there. There’s a lot going on out there. And I think this is a challenging time for many people, especially the people who are directly affected by it. Although, just if anyone’s reading the news, some heavy going on, and I think it sometimes what.

What a tragedy and a failure it is that all these people who make these plans across various countries, various time periods, that there’s not some ability in there to say, all right, well, we’re here. How do we avoid doing that? But when you get into that thinking, well, you did this last year, and I’m gonna get my pound of flesh, and you did this. The other side says, well, you did this year before that, and I’m gonna get my pound of flesh. And each time Israel and Iran send missiles at each other, you get a Little more hardened resentment, which either here I’ll real brain buster.

Either it’s going to stop or it’s going to continue forever. One of the two. So you wish that there was all these people who go and campaign and say, I’m dedicating my life to public service and, you know, you wish you could see that play out. And if I can add one last interesting addendum, and I’ll phrase this one right, not to get either of us in trouble, but given that guy who had his island, that it’s interesting with all the things that have come out, nobody government seems to be trying too hard to find out more because it seems like there’s a high, reasonable to extremely high chance that blackmail was part of this.

And I remember recently thinking of, you know, sometimes when you see a politician, they say one thing when they campaign and then they get in and it’s like, man, that guy seems like he sold out quickly. And I’m not, I don’t know specifics, by all means, thank God. Yet just the way this actually, I think relates to the markets is that, yeah, there’s all this stuff that you think should happen. Yet are there some people that are going out there saying this, saying that, and are completely owned, controlled, and have something that is being used to blackmail them, that whatever they say, they’re gonna do something different.

And it’s like again, I don’t know what where specifically that pops up, but it’s something in the back of my mind that at least at times like, well, maybe if that factored in this situation. Yeah, it actually kind of makes more sense if you see it with that in the context. Does that you make get what I’m saying there? Yeah, I do. I think there’s a lot of geopolitical things going on right now. And I was wanting to get your thoughts on what’s going on in Venezuela, which is the. Has the biggest oil reserves in the world, rare earth minerals.

And we see the US has recently deployed its navy off their off the border in the Caribbean with 10,000 troops. So I want to get your thoughts on that and where, where do you think that’s going and how that’ll affect the gold and silver market. I mean, I wouldn’t, wouldn’t claim to know the inner dynamics. I remember the first time I heard, I was wondering, did someone try and blow up one of the Bushes or Clinton’s cocaine boats out of there? You know, any of those areas where the US government is always meddling. And I remember there was some quirky Stuff with the Venezuelan gold and the bank of England a couple years back.

Anytime you’re talking about one of these times where the US is deciding who’s recognized as president or not. Yeah. And then, I mean I, I haven’t dug into that one but I’m guessing, you know, if you started searching around then you find out, oh on the CIA guy popped up here and then this guy there and I, I, it see it seems sketchy but I mean at minimum certainly just like another thing out there that’s, I don’t, I don’t know that that’s driving the gold market I would say, but just to the degree like you know, another brick you’re stack of just stuff where and I think that is, I think there is an impact to the price.

Yes, the central bank’s buying. Yes, the thing with the silver. But also, I mean it, I don’t know, I guess everyone thinks it’s a chaotic time in their day, but it seems like there’s a lot of tension out there and that people aren’t playing nicely. And I don’t think it just seems like that. I mean we’re seeing an era of globalization change. Yeah. And part of it is that like some of this stuff I know people want to hear like, well, is this going to go up or down next week or tomorrow or as what is going to happen in the war here? I mean like there’s a lot of this stuff that we’re gonna find out.

Well, if this happens then you’re gonna go here, here, this happens. But nope. So I would, I would suggest to people and I fit into this before where it’s often I’d watch videos and be like, want someone to tell me the answer. I would suggest to see it slightly different. It’s not a situation where it’s like you can get your calculator out on this. There’s a lot of unknowns and how they play out and where something pops up. Or maybe the guy who runs out of silver in Vietnam, you know, is just that one shop. Or maybe it turns out that was where the tipping point point was.

Like kind of like we saw out of India. Yeah. How much, how much more silver is going to come out of the comex if someone knows, one wants to know what’s going to happen to the silver price. I’d say start there. Now of course there’s about 500 million ounces. So which person owns each ounce and what price are they going to be willing to send some back at? I don’t know, we can make educated guesses or some of these things. I don’t even know if the guesses would be all that educated. But you know, you’re dealing in some uncharted territory and there’s human nature involved.

And fortunately though, I think you don’t need to know every single detail or what tomorrow is going to look like to make good decisions and plan accordingly and pay attention to the things that are going to impact what you’re doing and work around that. I think if you focus, I think if people focus more on that, rather than was silver gonna go up or down tomorrow or was down three bucks over the last two days. All right. It was also up 17 bucks over the last two months. So you can look at it however you want.

In the end, I don’t think you need to be getting those details right to be making good decisions that you and your family and your career and whatever you’re doing are safe. And I would say the more that people can. And I say this as someone who did the exact opposite and have worked very hard on this over the past 15 years in particular to get to the point where, all right, government’s going to do what government’s going to do. Gold, silver is going to go up and down yet. All right, I’m going to go out and continue learning so that I’m going to be successful in my life whether gold goes up or silver goes down.

And in that sense that you hear during the Great Depression or any of these other crises, there were people who understood things. And yes, there were a lot of people get clobbered, but all right, how do I put myself in that bucket? And I think just focusing on that more than the day to day again, you know, they’re both have their rightful place, but hopefully that’s just a good thing to keep in mind. That could be helpful. Yeah. So my last question is, how soon do you believe the digital ID and digital currencies in a social credit system will be implemented in the United States? We’ve seen the stablecoins act passed this year.

What are your thoughts on this? I don’t know that it’s a guarantee that we’re going to go down the entirely Orwellian path that many often assume. Is it possible? Yes. I don’t spend as much time digging into the updates of that, although I’ll say it feels to me like it’s kind of lessened as a concern. I don’t know if that means as there’s less people talking about it or if the actual risk has Gone down. I would also point out that there are some things where government says we’re going to do this, yet they don’t get really implemented in the way that they’re suggesting of which the confiscation of gold in 1933 or 34, you know, they said they were confiscating it, although my understanding is that most people just told them to stiff it and didn’t turn in the gold.

So. Yeah, that’s true. Sometimes these plans backfire. Hey, if you have gold and silver, then certainly that’s one of the advantages where you can have something that is outside of their system. So if somebody, and again, I’m not saying my views on digital idea. Right. So if somebody knows better than me and you know we’re about to get that RAM down our throat, well, then one of the advantages, gold and silver is that’s addressing that to some capacity. So do I hope it doesn’t happen? Do I think that’s a good free way of life? No. Although again, to what I said earlier, you know, if that did happen and somewhere in there, I mean I can.

There’s going to be a lot of emotion. Of course, if someone, if, if they implement something like that, you know, it’d be right to be ticked off. Right. To think it’s disgusting if you do. And although just would say as much as possible to keep the thinking focused on. All right, you know, I did what I could to see that we wouldn’t get to this outcome. But if this is what they. If this is where the defense is playing, how do I go here? Yeah. And I think because part of it, you know, and I know this happens a lot in gold and silver in particular, and I’ve been guilty of it and I guess I’ve expressed it at some time so maybe helped other people fall into this trap.

But it’s like if you sit around waiting for the world to end, I mean, maybe it will, maybe it won’t, but there’s some degree to which, like if you’re just like sitting around worrying like 10 years this might happen or a might this or that, I mean, yeah, there’s a rightful place to be concerned and think about things, but make sure that you get more of that time balance to like, all right, well, maybe AI is going to automate a lot of things. Okay, so if that, in case that happens, what would I do and how can I start? Maybe I’ll start learning about AI or how I can help a business actually use it.

Let’s say if anyone’s Concerned financially, you know, about their career. Like, is my job going to be automated? Spend some time learning about this stuff. Because most businesses hear a ton about it, but very few actually know. Okay, AI, that’s great. What does that mean? Oh, well, I have this, this, this, and I use them to do that. And it drives this business wing of our thing. So, I mean, again, stuff is going to change, but if we’re thinking, you know, less of what, you know, I think is how it should be or what’s fair and, you know, just keeping an eye and updating.

All right, well, I thought that yesterday the new information came out. I’m here today. What is my best step forward? I don’t know. Check back in 50 years if I’m still here. But I mean, that’s my thinking. And also having spent a good amount of time in the past 10 or 20 years studying people and who are just successful in different areas of life, I find that’s a common trait. It’s probably a lot better than just like thinking, oh, we’re gonna get nuked tomorrow, like, and running around screaming in the streets. So that’s my. My thoughts on the digital id.

You know, hopefully I don’t ever end up having one. And I’ll be glad if I have some Gold and Silver, if they do do that and. And hopefully that makes sense. Yeah, it does make sense and I appreciate your insight. Chris. Is there anything else you’d like to add to the video? No, I think we covered most of it. Although I’ll point out, I did actually do a Silver report, which is quite extensive. We released it in early September Right. As Silver was getting up to 50 bucks. Actually, can you go to. Well, there’s the YouTube channel, so we’re talking about this stuff.

And there’s my partner, Vince. We actually been doing some more on the live tab there. Yeah. So there we’re talking about yesterday’s bloodbath. So we have videos about these things. Also, there is a sub stack at gold and silver daily.substack.com which is where that Silver report was. And I’ll send you the link. Alexander, maybe you can put that in the show notes and. Definitely. But I mean, there’s a written column as well, so designed so that especially if you have a different career and aren’t sitting here watching this stuff all day, you know, it’s a column each day of basically what’s happened that, you know, you can read.

Not 20 pages long, but something simple that you can really stay up to date with. What’s going on and that was the goal of it. And yeah. Arcadia economics.com and on YouTube and on substack too. Yeah. And we’re almost. Thanks for highlighting that. I’ve spent the last year making a second edition where we cleaned up a few things. Also the Silver Report has been added to the new edition as well as an interview with Vince Lancy where we cover everything that happened. Because Alexander, you see that was published on June 18, 2020. Yeah. So you know what the price of silver was when we put this baby out there? $17.

Wow, this guy is good. I think it was $17.62 was what I looked up on that date. Which a shows your trading prowess. And that was right before Silver finally shot through 20 bucks. Then a couple months later you had JP Morgan get find $920 million. So we have some an update that covers everything that happened since the original version was published and that’ll be hopefully within a month will be available. So been fun covering what’s been a historic time in finance and it’s also been fun being here with you again today. So I really appreciate you having me and hopefully you’ll be able to find a time in between your autograph sessions and I get to ask you the questions next time.

Oh yeah, definitely. Everything I couldn’t come up with a specific answer for. And they’re like enough explanation. Give me an answer. We’ll, we’ll get you on there and you can, you can slam dunk at home. Yeah, that would be awesome. Yeah, we definitely should keep in touch, I don’t know every month or so. And definitely I really appreciate your insight in coming on the show and telling us all this information with the gold and silver market. So thank you again, Chris and I’ve just like to thank the viewers for watching the video. Please go and subscribe to Chris Marcus’s channel and follow him buy his book and I think that would be great.

And thanks again for everyone who’s watching. Thanks again, Chris. Thank you my friend. Great to see you again. Thank you everyone. Well, thank you Alexander and thank you to everyone who is watching at home. Sure hope you had fun being here today and that even despite the price action of the last day or two that you’re still doing well and having fun out there. Although I might add and highly recommend to go over to the Free American Press, Alexander’s channel on YouTube there he had David Morgan on also gets a lot of geopolitical commentators and there’s G.

Edward Griffin. So a lot of different people. You know, Joseph Farrell and getting into the political and economic commentary and hopefully enjoyed meeting Alexander. I’ll make sure we get him back on the show soon because it’s fun to talk with him, but I will have the link to that in the description field below. And to get another taste for Alexander’s great channel and hear what David Morgan had to say when he was on there four days ago. Well, that one is coming right now.
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