➡ The text discusses the growing trend of not owning cars due to the convenience and cost-effectiveness of services like Uber. It also highlights the potential of silver as a valuable commodity, especially in the field of AI due to its excellent electrical conductivity. The text further emphasizes the increasing demand for gold and silver, with even retail giants like Costco selling out of gold bars. Lastly, it warns against misleading advertisements offering ‘free’ gold or silver, reminding readers that there’s no such thing as free precious metals.

➡ The global economic uncertainty, similar to the 1970s, is causing a rise in gold prices. This is due to potential conflicts, inflation, and the amount of money being printed. The instability of cryptocurrencies and the recent U.S. credit rating downgrade are also factors. Investing in gold and silver is suggested as a safer option, with companies like Patriot Gold Group recommended for their service and reliability.

➡ The economy is facing issues that will lead to a significant rise in metal prices. Feel free to reach out with any questions, as we enjoy answering them and keeping you informed.

Hey, it’s Dan. Welcome back to I Allegedly. And I’ve got a good one for you today because I got Jack Hanney, the CEO of Patriot Gold, with us today, and we’re going to talk about economic uncertainty in the economy and so many other things to cover right now. So geopolitical unrest. Absolutely. Yeah. Interest rates. So thank you for having me. There’s a lot to cover. A lot to cover. Thrilled to be here right now. You know, let’s talk about, you know, since you’re the CEO of a gold company, let’s talk about, you know, in almost, you know, two years and 10 months that I’ve been having you as a sponsor on my channel, we’ve seen gold go from $1,800 an ounce.

So we were going to see 2000, then 2500, 3000. We actually saw 3500 at one point. And I, I think it’s exciting because now bank of America just came out and gave, you know, a $4,000 projection for gold. And how do you feel about that? Well, we were forecasting in December of 22 that once gold surpassed 2000, there was no looking back. And then we were forecasting again in December of 2024 that once gold surpassed 3,000, there was no looking back. It all really started during the Biden administration when they imposed sanctions on Russia. And when they imposed those sanctions on Russia, when they kicked them out of the Swift banking system, when they seized Oligarch’s assets, what happened was central banks around the world, especially Russia, Poland, Turkey, Saudi Arabia and China, started stockpiling gold.

Now gold is up 80% in the last 28 months. It’s absolutely exploded. And really what they’re saying is it’s just getting started. It’s not only bank of America, it’s bank of America, Bloomberg, JP Morgan and Goldman Sachs are all forecasting $4,000 an ounce gold. Now here’s the cool thing is we’ve seen projections in the last week of space numbers absolutely crazy where we could see gold hit $6,000 an ounce and even $7,000 an ounce. And those are numbers I’ve never seen before, so. Nor had I. Technical charts now are pointing to $7,000 an ounce gold in the next three to five years.

What they’re saying right now with the US dollar, because keep in mind, the US dollar is the worst performing asset class of 2025. Absolutely. It’s down 10% right now. They say it’s going to be down another 10%. Another 10%. And what they’re saying now is that with the US dollar and the sell America trade. The sell America trade right now is, is what’s happening. And you know, because of the geopolitical unrest, because of the economic uncertainty, because of our 36 plus trillion dollar national debt, you know, with interest rates, I’m shocked that Jerome Powell did not cut interest rates yesterday.

Yeah, by a quarter basis point. By, by something. I mean when you look at the inflation numbers, when you look at the employment numbers, it definitely warranted an interest rate cut of at least a quarter basis point, if not a half a basis point. How about this? You know, we talked about real estate for sale. Las Vegas has for the first time over $3 billion worth of residential houses for sale right now. Well, Florida to Florida is a lot mess. A lot of these states where during COVID individuals flocked to because of the lesser restrictions. What’s happened now is there’s all this inventory and with the home prices having gone up and interest rates now being near a, you know, 20 year high, home buyers aren’t buying.

And what we’re finding now is the housing sales is at a five year low. Oh, absolutely. Five year. You know, people, you know, the big thing with agents that we’ve talked a lot in the channel is that oh, just buy the house now, you can refinance later. You got to have a good job, you got to have everything going in your life and you know, life gets in the way, things happen, businesses close and, and people get laid off and different things happen that affect you being able to refi. And I had a real estate broker on a couple of weeks ago and she was talking about that exact thing that people don’t believe that myth, you know, you got to have, you know, you got to marry the house, date the rate.

Yeah. How well did that work out for everyone in. Oh wait, it’s realtors. You know, the reality is, you know, you’re about to make the single largest investment purchase. And by the way, did you hear about the Gallup poll? No. So there was a new Gallup poll that came out where gold surpassed equities as the number two preferred long term asset class, second to only real estate. So real estate’s number one. And back in 2011, by the way, gold was number one. Gold was actually number one. 2011, 2012, that was the Obama administration. But now gold has surpassed equities to being the number two preferred long term.

And that’s what’s happened now is retail investors have just gotten into gold at 3400. Oh, that’s. But it’s been all central bank gold demand that has fueled gold to go from 1600 to $3500 an ounce. It’s been central bank demand. We have a stock trader that I’m going to connect you guys, Bob Kudla again. We’re going to do a show one day with the three of us. And Bob’s a great guy because Bob says metals, there’s no limit to metals right now. And I like that you said metals because unbeknownst to most people, do you know what the best performing asset class is? Probably silver right now? Platinum, 44% on the year.

So silver’s up 29%. Gold’s up 23. Platinum’s up 44% on the year. John Laforge of Wells Fargo said three years ago we are in a commodities super cycle with at least six to nine years left, if not more. And that’s what we’re in right now. And gold, believe it or not, we’re going to be discussing this in December. About Once gold surpasses 4,000, there’s no looking back. We did this the previous year, we did it the year before that every year, 2000, 3000. And now we’re on our way to four. Now, you know, think about this.

If you could buy an asset that could double in price, I mean, that’s amazing when you think about that, just the potential there with your retirement, with your future, it’s unbelievable. Well, how about silver? Oh, silver is on fire. So it’s closed above 36. There’s what a lot of people don’t know is there is a ton of Support now at 35. So once it closed above 35 and it held above 35, that’s now the floor. So what they’re saying for silver is $40 this summer, 50 by September. Then forecasts are 70, $90 an ounce. Silver’s at $36 an ounce right now.

36. You know, one thing that you brought up which is such an amazing point and I, I saw it on one of your, your video clips where you were talking about how these ev car companies have a real problem on their hands and they may have to, it’s because of the shortage of silver every year with what they’re producing right now. Not any new purchases, just right now. And then you add the industrial usage, the medical usage, solar panels. Solar panels, everything else. Right now there is not enough silver mined right now. They’re, they, these car companies are going to have to buy their own silver mine.

Silver mine. And if they do that, the Number is crazy. It could be 150 bucks an ounce. According to Keith Newmeyer, the CEO of First Majestic Silver. Well we’re running into 217 million ounce supply deficits every year for the past three years. And the amount of silver in the new technology of solar panels is five times greater than previous solar panels. Now Elon Musk, as we know, has now departed from Doge. He’s focusing back on Tesla. And Keith Neumeyer had stated that if automakers like Tesla, like Elon Musk, or to purchase a silver mine, which is really somewhat necessary.

Well, when you think about, okay, Robo taxi demand right now is absolutely crazy. This is gonna happen whether we like it or not. And I don’t know if I would get in one of those things right now. It’s going to New York City now, just approved. So New York, when you’re already in Los Angeles, you’re approved in San Francisco, it’s going to New York City. So, so next is Chicago and before you know it, Dallas. All these places I’ve heard about. Yeah, that’s great. So but you. I’ve never ridden one. Oh, neither have I. I had a girlfriend that was in one and she said it was kind of scary because they, they were going to a restaurant, was on a one way street and it kept circling the neighborhood.

They finally had to jump out of the car. No way. Yeah, and they filmed it. She sent me the video. I’ve never been in one. I, I see him on the road and I’m just amazed and. But hey, look, my daughter, it’s her 18th birthday today. Oh, happy birthday. Juneteenth. Her 18th birthday. Now she and her friend group, they don’t have their licenses. They didn’t get their licenses like we did on our 16th birthdays. None of them have their licenses because they’ve grown up with Uber. And the reality is say five years from now we’re just going to have these Robo taxis just, you know, all over the streets of every major metropolitan area around the country.

When I was in the biotech space, I met professionals that didn’t own cars and I’m like, how do you do that in Southern California? And they had deals with Uber back then five years ago. So it was crazy. According to an economist and I for I believe he’s the gentleman who’s on shark tank. Mr. Wonderful. Yeah. Kevin O’ Leary. Kevin O’ Leary. He has said that it’s more economical not to own a car when you look at not only the cost of the car but insuring the car, registering the car, the maintenance on the car, that it’s more economical to not even own an automobile, which is.

I mean, that’s crazy. It is. It’s absolutely crazy. You know, so, you know, we’re everything. When you look at everything, when it comes to metals and stuff. I have been such a. And by the way, I’m sorry to interrupt. I’m sorry to interrupt. That’s a great segue into, you know, a lot of people are saying silver is the next AI play because silver is the most powerful conductor of electricity in the world, hands down. There’s no more powerful conductor of electricity than silver. And they’re saying, hey, the magnificent Seven, as we saw at the beginning of the year, was the Maleficent Seven.

And, and really, if you look at the meteoric rise of, say, Nvidia and some of these other companies, the investment into AI, a company now, Nebius, which focuses on, you know, really the infrastructure around data centers, that stock is doing very well, as is asml. But it’s all about. They’re saying silver is the next AI. Well, you know, what’s funny is people, you know, I’ve had a lot of professionals that are going to have their own internal AI. And one thing that’s a big problem is the, the, the data and the expense of the electricity and everything that’s involved.

And, you know, yeah, you can go solar, yeah, you can try to pay for it, but silver is going to be a big play. I, I just, I love silver just because when you do the math on it, and it’s funny, I did. I did a report in high school about how silver was going to go up someday, and it was just going to be used everywhere. And that report that I did, I’d love to find that term paper has totally come true because you’re just not enough. It’s the only product, the only commodity in the entire world.

The only product and only commodity in the entire world that was more expensive in 1980, 45 years ago. 45 years ago, silver was $50 an ounce. Yeah, that’s when I wrote the report, actually. And now it’s $36 an ounce, adjusted for inflation. $50 an ounce in 1980 is $125 to $150 an ounce, which is what forecasts are for silver. And your viewers have an opportunity. You know, so many of your viewers, as you know, we also work with Dick Morris. So many viewers felt, you know, oh, for the past several years, they’ve been talking about gold, talking about gold, talking about gold at 1600, then 1800, 2000.

We missed the boat on gold. We missed it. Well, you didn’t miss the boat on gold, but you certainly. The boat has not even left the dock on silver. Has not even left the dock. So it’s, I mean, the opportunity in silver right now is astounding. Yeah, I saw one of your commercials where you had the new tagline Patriot Gold and Silver. So they sell all types of metals, guys. And don’t forget to call them at 888-330-1431. Contact Patriot Gold. The best thing is they will answer all your questions. The best customer service. And nine years in a row with Consumer affairs, over 2,500 reviews, over 10,000 transactions.

I mean, you guys can’t, you can’t go wrong with a company. Consumer affairs top branded. Yeah. Over 10,000 clients, a plus rating on the Better Business Bureau. Not a single complaint. That’s one of the important things. When, when you see all these other companies advertise, there’s a few things. One thing I do want to mention, there’s all these companies advertising now, free gold and free silver. $15,000 in free gold. $15,000 in free silver. I just want your viewers to know that there’s no such thing as free gold and free silver. That these other companies are charging outrageous, outrageous premiums on the assets that they incorporate within your IRA to compensate for that $15,000 in free gold.

There’s no such thing as free gold or free silver. So I just wanted to. So there’s no Bogo gold or Bogo. It’s a psa Free your viewers. It’s a PSA that please do not paint red flags white. And also we have the no fee for life IRA where we pay the registered and insured shipping on the metals and we pay for the dedicated, secured and insured storage of the metals. And you have no fees for the lifetime of your IRA on qualifying rollovers. But see, we don’t try to say that we’re going to be giving free free gold or so we don’t want to insult American Patriots intelligence with this idea of free gold and silver.

There’s no free gold and silver. Especially gold’s at 3400, silver’s at 36. There’s no free gold or silver. Well, let’s look at, you know, central banks. You know, Jerome Powell again, I, I don’t understand what a quarter of a point wouldn’t have done. I think it would have just spurred everything, kept things going. But, but that’s me I just think that sometimes they do things. He does things just despite, you know. Well, the administration and things like that. They were, they were late with raising rates, right? Yeah. And we know that. And then they had 11 consecutive rate cuts going from zero percent to five and a half.

So they were late to raising rates. And now what’s happened, you know, why is it they cut rates a half a basis point right before the election. Yeah. But not now when, you know, unemployment and the employment looks good. When, yeah, inflation numbers are down at 2.8. I mean, you saw the latest, you know, consumer price index numbers. Everything warrants a rate cut. Meanwhile, you know, they didn’t. And now they’re trying to blame Trump and the tariffs and tariff uncertainty as to why they’re not cutting rates. I hate the teases. Well, you know, we’re going to have half a point rate cut between now and the end of the year.

We’ll do it now. Just do it today, do it and get it done. Well, because like we said before, home buying is at a five year low. But there was something else. Oh, you brought up central banks. Not many people are aware of this, but central bank gold demand the first quarter of 2025, 25% more than any other quarter over the past five years. So over the past five years we’ve had record, record central bank gold demand over the past five years. First quarter of this year, because Trump took office and all the countries took notice, they said, oh, you know, now that Trump’s in office, President Trump’s in office.

25 gold, you know, demand increase in, in the central bank gold purchase globally too. You look at China, China is stepping up their gold purchases, which are absolutely crazy. And you look at Germany, you look at all these other countries, Turkey, just, you know, something’s up with it. But again, Bob Kudla, I’m gonna have him with you. But he just says, yeah, gold could he. He’s predicted much higher numbers for gold and he said silver could easily do 250 an ounce at 1.250. So what do central banks know that you don’t know? Right. Because they’re the ones responsible for printing money.

They could print as much money as they want. So why is it that their stockpile compiling gold. And we mentioned earlier about retail investment demand. Well, you know that retail investment demand is absolutely skyrocketed when it is literally changed the landscape of Costco’s earnings. Yeah. Now Costco demand was so Great, they’re doing $100 million a month that they had to in Gold sales, guys, those individual ounces of gold that you could buy one ounce in those little packets. So now they’ve had to limit it to two gold bars per customer every 24 hours. They sell out immediately.

Previously, it used to be five gold bars every 24 hours. Now it’s two. Two gold bars. They’re also getting into silver, getting into platinum. So what does that tell you in the largest, you know, retailer, retailer in the country is selling out of gold bars? Well, guys, it’s, it’s something to look at. And again, people say, oh, it’s too high. It’s not too high. This is the beginning of it. And it’s exciting because with all the global uncertainty, we have to look at Israel. You’ve got to look at Iran, you have to look at everything that’s happening around the world.

We don’t know who’s going to get involved in this, if it’s going to end soon or not. But even with that bank of America, I think his name is. It’s. Is it Widmer or Vidmer? Widmer. Whitmer was talking about how, you know, you’re going to see, with the economic uncertainty globally, you’re going to see it hit home here and it’s going to affect metals in one way and make it all go up so. Well, the current rise in gold prices pales in comparison to the rise in gold prices in the 70s from 1970 to 1980. Pales in comparison.

Meanwhile, the similarities are, I mean, they’re astounding. I mean, you have the crises in the Middle East. Right. You had that as well in the 70s with the Iran hostage crises. And now, you know, there’s this real possibility of going to war with Iran over the weekend, you know. Yeah, a very real possibility, which is wild to think about, but you want to have, you know, you have the interest rates. You also have, you know, coming on the heels of the Biden administration and the amount of money that they spent, the amount of money that they printed, you have persistent inflation with grocery store prices, travel.

So the. And, and some say that we’re going into a stagflationary environment. Yes. So if you’re saying to yourself, well, gold prices are too high, look at what Gold did from 1970 to 1980. And that’s exactly where we are now. We’re just, you know, we’re just 50 years later. Yeah. And these, these things happen in cycles. Oh. So let’s see what else, you know, the ultimate safe haven investment. We’ve always talked about that. And gold, you know, gold has been money since the dawn of time. You know, it really has. And I think that people need to look at that.

And, and you can look at cryptos. You can look at, you know that. But I, I just think that when you see all these companies and these banks getting into crypto billionaires. Excuse me, into gold and staying away from crypto, it’s. It’s kind of fascinating how much money is being put into gold right now. Well, when you look at, you know, all these meme coins and all these other cryptocurrencies, I mean, really, it’s. It’s no different than walking onto a casino floor in Vegas and spinning that wheel. I mean, first off, you have Bitcoin at $105,000 a piece, and then all these other smaller crypto coins that people are thinking that they’re going to make money on.

I mean, how did that work out for those that invested in the Trump meme coin after the inauguration? Yeah, I mean, yeah, it’s the thing with crypto. Not only that, did you hear about. It was a few. Like about two or three months ago, the CEO of Coinbase came out, and the customer service team out of India was actually responsible for hacking some of the Coinbase accounts. It was terrible because the customer serviced. Yeah, they. Their own team, it’s guys, their own team was like hacking into your accounts and then your. Your crypto’s gone. Right. And I’ve asked these guys, oh, you could you put it in a safe wallet? And it’s like, it’s so much shenanigans for this that.

Look at metals, guys, you have to look at protecting yourself, you know, you know, Moody’s downgrade. Let’s talk about that, too. I mean, look, I mean, here we are now, I believe it was 12 years after the Standard and Poor’s downgrade. It’s the last of the credit rating agencies. I mean, here’s what people need to know. It’s not just another credit rating. Think of this. You have credit card debt, $12,000. You know, your credit score is 640. All of a sudden, your credit score falls to 580. And guess what? You know what happens to your credit card debt? All of a sudden your interest on your credit card debt goes from, say, 14.9 to 24.9% because of that credit downgrade.

Same thing with the US credit rating. And this was. There’s three credit rating agencies, and this was the very last of the credit rating agencies to downgrade U.S. sovereign debt. So now with Our credit rating downgrade. Look, I’m telling you, it’s, you know, with the US Dollar slipping, with the sell America trade, with the US Credit rating downgrade, because, you know, keep in mind Japanese and all these other countries, Japan and the Japanese were the biggest buyers of U.S. treasuries. They don’t want to buy Treasuries. Now with our credit rating downgrade, with the US dollar slipping, with our 30, probably coming up on $37 trillion because we’re accumulating $1 trillion in debt every hundred days.

Every hundred days, our debt’s going up A trillion dollars. A trillion. Have you ever seen an image of a trillion dollars? It’s, it’s amazing. And, and you know, when you staggering the difference between a billion dollars, a billion seconds and all this stuff, it’s just so much money and people, we say these figures and people just don’t think about it at all. You know, and a few things with the economy, Dave Ramsey had said, you need to understand that interest rates for your home today at 7%, 7 plus percent. If you get a mortgage under 7%, you’re one of the lucky ones is what he said.

And that at the end of the year, you’re going to see interest rates at the same rate as it is right now. So even with this big cut, guys, that everybody’s praying for, you’re not going to see 2% mortgages again. You’re not going to see. Do you think banks want to make less? Yeah, well, that. But you also. It just. The whole thing with this is that you look at the layoffs, you look at everything that’s happening in the economy right now, and this just points to gold going up, silver going up. And again, if you guys don’t want to buy gold, look at silver.

But the best place to look at it, guys, is Patriot Gold Group, call them today. And you know, I’m not just a spokesman. I’m a client of theirs. And I love the company, the customer service, amazing. You know, they’ve done over $1 billion in sales transactions, whatever you want to call it. And it’s amazing. And the whole thing is, it’s not even like it’s a sales batch. I mean, this is almost like a psa. Like I said earlier, this is like a PSA because we’ve been doing this now for two years. So really all you have to go by is the two years of videos that we’ve been shooting telling your viewers to get into gold.

And it’s gone from in the two years we’ve been working together 1800 to 3500. So it’s doubled. Yeah. Silver, by the way, has gone from 22 to 37. Silver is sitting at a 13 year high right now. Oh, it’s great. All time high was set back in 1980. 50 an ounce. Adjusted for inflation, that’s 125 to $150 an ounce. So what we’re telling you now is we don’t want to be shooting videos two years from now and saying, wow, it’s 7,000 is going to go to 10. Silver is at $125 an ounce. Do you remember when we were shooting that video and it was $36 an ounce? I’ll tell you, if you do have a 401k or an IRA and you have say a three to five year Runway silver right now.

Oh, when you’re looking at forecasts of 120, $25 an ounce and you can get into silver at 36. Yeah, absolutely. Yeah. Because one thing we haven’t even mentioned on this video, you have Goldman Sachs and Vanguard both forecasting paltry returns in the stock market over the next decade. Right. Over the next decade. It’s just gonna. Paltry returns. A lost decade is what they say, a lost decade. Yes, exactly. So I mean, it’s an opportunity. We have the no Fee for Life ira, Consumer affairs, top rated. The only, only company nationwide where you, the client work directly with an owner.

The only one. That’s fantastic. Yeah. Well, guys, take a look at patriot Gold today, please. 888-33-01431. The link will be below. If you do not want to call, use the link below. They will send out a free investor guide. They will answer all your questions. The customer service is absolutely amazing. But guys, get ready, get ready, get ready, get ready. You know, it’s just all the questions, everything that you guys send me and then, oh, bring Jack back. What’s he think about gold? You know, where does he think it’s going to go? I mean, guys, it’s gone up.

I mean, you know, since election day, since inauguration, we’ve just seen gold take off, you know, so because gold and silver are a global asset, right? There’s no political affiliation, there’s no counterparty risk. So ask yourself, since Trump has taken office globally, has the level of uncertainty increased? And that’s really. That’s right, that’s really. And not only that, but are other companies practicing protectionist, you know, type, you know, and I’ll close it out with what Widmer said and that was from bank of America, that take the global uncertainty and put it over here. That’s bad. That will affect the price of metals.

But also it’s, it’s the economy itself has got problems that you’re going to have challenges and you’re going to see metals increase dramatically. So. Okay. Well, thank you for having me. Yeah, absolutely. Thank you. I appreciate it. Hit the like button. Subscribe to the channel. Remember, you can email me hello.com. and if you ever want to send Jack questions, he loves answering those, and I love sending those back to you guys. So reach out anytime. But thank you, sir, for being here. Thank you.
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