US Banks Are About to COLLAPSE! Gold & Silver New All Time Records Coming!

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Thomas Parilla, the President of Parilla Investment Group, joins the show to discuss the impact of the recent Fed meeting on the markets. He highlighted the resilience of gold prices despite rate hikes and the remarkable 140 million-ounce silver deficit. Additionally, he spoke about the staggering losses in the U.S. banking system and advised investing in gold, silver, and junior miners.

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Hello everyone thanks for joining and welcome back to Wall Street Silver Our Guest today is our Good Friend Thomas perilla president of Pilla Investment Group how are you doing today sir good happy New Year Ian yeah Happy New Year to you and everyone watching uh I wanted

To get you back on to talk about what do you think Powell’s going to do next and how will it affect the markets you know everyone’s watching gold and silver very closely these days uh what do you think’s coming up next Thomas from the looks of it uh the feds time us they’re

Going to cut three times in 2024 but the street is telling us it’s going to be more like seven and there’s about an 85% chance we’ll get the first cut in March so I think once they start to cut I I think then you’re going to

Start to see the economic data get worse and worse as the year goes on and that’s going to Spur them to cut faster so it should be uh the opposite of what we’ve lived through the last two years you know we should now start to see one rate

Cut after another and when these rate Cuts come a lot of people are saying that gold has the potential to just break out and silver will hit all new all-time highs and then there’s other people on the other Spectrum saying once they do uh you know once they do uh

Decrease the rate hikes and and go lower actually golden silver are going to go down first and then go up what’s your take on it you know the the first couple of rate Cuts always have the most effect so that’ll be the most dramatic so I would suspect the first two three Cuts

You’re going to see pretty dramatic moves uh up in gold and silver uh and down in the US dollar okay that I think they become a little bit more muted over time but it it all based on economic news so if the economic data continues to be bad and

Starts to deteriorate then they’ll start to pric in the additional Cuts right we just had the dollar drop from you know one the dollar Index went from 106 to 100 just in the last two months well that’s crazy yeah almost a 6% drop uh now you start pricing these other uh

Rate cuts that that are coming I I’m very convinced we’ll see the dollar Index drop to 90 fairly soon and then after that slowly make it way down to 70 but you can see how dramatic of effect that it had though I mean just going from 106 to 100 during that same period

I keep an eye on some of the levers gold funds like nugget nugt okay that up about 50% during the same time period during the same time period two months as the US dollar decreases yep as 106 to 100 nugget went up 50% so as you’re basically what you’re trying to say is

Uh in the future maybe in 2024 as they decrease the uh the interest rates at the Federal Reserve you’re going to see uh a lot of the mining sign like what’s the what’s the potential gain on the mining side as gold continues to Rocket higher and the US dollar continues to

Decrease it should just be huge I think we’re heading into one of the best years in the mining sector maybe in my entire lifetime um we’re going to see interest rates go down and at the same time you’re in a situation right now where there’s there’s huge amounts of Supply

Uh I’m sorry of demand but supply is getting Tighter and Tighter you mean on the mining side on the mining side yeah and even on the dealer side I mean the dealers that I talked to I think they’ve got enough gold and silver in inventory for one small bull market so if gold

Moves from 21 to 2300 I think they’re cleaned up right and then they where are they going to order more right you know they gota and premiums are going to go High I mean all of a sudden you’re going to see 30 35% premiums the gold to

Silver ratio right now I think the last time we spoke it was around 80 now it’s about 85 um and we’re getting to the point now where silver is getting very drastic I can remember one point seen it go down where the ratio was 90 and that

Was at the point back when silver went down to his low as like 13 and then turned like a rocket went to 29 historically in the past 100 years sorry to cut you off what is the gold and silver uh ratio historically on average yeah you know the hard part about

Looking at historical averages on I think we’re entering like a different Paradigm now because we’ve never been able to compare the gold and silver ratio to a point of US debt so looking at past history it’s going to be harder and harder you can look at and say to

Yourself you know should it be at par no that doesn’t make any sense but I mean should it be at a 100 I I I think you’re going to see now a whole different econom uh plate put in front of us that people are going to have to now start to

Reevaluate uh if you look at Mexico right now you know we get a lot of silver out of Mexico dropped quite a bit last year there um and I think what’ll happen is if you get silver up to say 30 35 then you’ll see a Spur where you’ll see all a

New round of production come in because expiration it’ll be it’ll be worth it some mines that maybe aren’t economically feasible when it’s at 25 will be when it’s at 35 so you know that old saying what’s the cure for low prices low prices because that’ll spur on more

Activity yeah but yeah right now you know if you look at Silver you know the all-time high we hit in 2011 was $49 51 cents okay now last year Global silver demand increased by 10% but Global mind silver decreased by 2% That’s pretty drastic difference

Right there you know 12 % offset um and the whole Green Revolution coming soon and you know they’re pushing towards probably they’re going to need more silver as they go green uh so for sure demand I’m I’m thinking will increase this it’s inevitable it just has to mean between solar panels and electric

Vehicles I mean electric vehicles you know silver copper Cobalt lithium you’re going to need all of it we don’t we don’t have anywhere near the capacity right now to roll out electric vehicles but in order to to do it nationwide you’re going to have to have a huge

Amount of mining coming on in that area the car companies are basically going to turn themselves into mining companies um they need the raw they need the raw medals to get those green energies out right and and that’s where they they’re probably making a real mistake uh

Detroit you know I think the Chinese are going to eat our lunch because right now they’ve got the minerals to roll out the electric vehicles right you see the United States you know pulled back to the point where you only get 23 25% of the market because that’s all the minerals we have

To support it yeah I think China has like 70% or 80% of the world’s Rare Earth minerals and that means they can dictate to you what what comes next I mean really from a strategic point of view you’d have to say rolling these electric vehicle Vehicles out is

Probably a terrible economic idea for the United States whether it’s good for the planet or not that’d be a different discussion but it’s probably economically going to be terrible for the United States I think uh but from the mining sector point of view you’re going to have to have a lot of money

Flow into it and they’re going to have to really make a a real strategic push uh to bring strategic minerals Rare Earth and you know just your normal precious metals online but yeah I mean I’m looking at what’s happening right now economically I tell you we’re in a really in a pickle

I think the FED right now would prefer not to cut rates but they got the banking system in such a mess where it’s hanging on by a thread that they almost have to cut rates in order to save it and they walked the 10year you know the

10year note that got up over 5% right now it’s down to like 3.85 I think they had to bring it back down because the treasuries in those Banks were so underwater you were talking about billions I mean there’re they’re saying that even on the commercial real estate side the

Devastation there the banks are going to take like $160 billion doll hit wow but I hear it could be maybe as high as like five to 600 billion I mean there’s some really choice places inside our big cities that are going at like 50% discounts somebody’s going to eat that

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Check them out the link is in the description below and I heard a lot of these banks have unrealized losses that they don’t actually declare on the books right at this very moment but they’re but they are losty whether it’s in the stock market or due to losses they just have

Declare them as unrealized losses and they’re in hundreds of billions right and you know a lot of that is treasuries uh they treasuries why is that well they’re sitting way underwater they bought the treasuries and they leveraged them and bought more and then interest rates went up prices of treasuries

Dropped so all of a sudden they’re sitting there you know looking at on their books if you mark the market maybe they’re trading at 80 instead of a 100 you know 20% loss on paper you I saw callable CDs back when this is way back when Clinton was in office we had a

Period of time when Bill Clinton was in and we went through a whole series of raid hikes and all a sudden these call CDs that trade like a treasury you know they were 20-year notes they were trading at 7075 now if a person held it all the way

To maturity who cares you’re going to get par but if somebody walked in said hey I need to sell that all of a sudden their 100,000 was worth 70,000 oh that’s brutal yeah and the thing is none of the banks mark the market so if a person got

Their account statement theyd look at it they say okay I put 100,000 in it’s worth 100,000 today now they’re starting to change the rules where you have to mark to Mark and show a person where it is oh so they wouldn’t actually show the person where he was at no no oh that’s

Brutal yep they went through that whole thing and I can remember back then I think it came through the actually the state of Pennsylvania came through with a ruling back in those days where the banks had to Mark the market uh on call CDS but uh I think in a situation like

That you’ve got the same scenario playing out only in us treasuries and the banks are holding them so the government’s working more with them because they have to otherwise they know they’ll lose the banks and that’s what happened with silic Valley when it went down people figured out they were upside

Down of their treasuries and then all of a sudden the rumor started there were short run cash right what people found out is the cash really isn’t there and that’s two of all of our banks the only thing holds our banks together is confidence if you’re confident that the

United States government will back them up you know and that it’s a safe institution well then you know the bank’s fine but if everybody lined up tomorrow morning said I want my money out that’s it you know the bank doesn’t have it so all it takes basically is

Another like maybe if could be a a string of banks that the government can’t bail out but they would eventually bail out because they don’t want people to lose faith in the in their the dollar right you know you can you can say that the bank’s been bailing them out all

Along right now because they’re doing that overnight uh you repo situation where backing the treasury and all that’s doing is that’s allowing the banks to have liquidity so they don’t have to sell those treasuries and they can just hold them because if they sold them then they would it would be

Everyone would be running to the gates right because then it turns from an unrealized loss into a realized loss they their books they have their quarterly and then when that hits the fan everybody says okay what’s going on here do they eventually have to sell those treasuries

Or no can they keep doing the repo market and playing with that well they claim that it’s supposed to run out in March uh that program but I don’t see how it can I think the government will have to continue it until rates come back down if rates come back down of

Course then treasury prices will go back up and that problem will go away on its own and I think that’s what they’re trying to do they’re trying to buy themselves enough time and some of those Treasures you figure will reach maturity when they do they’ll come back to par

And that’s the thing about the way a bond trades you know if you bought a 10year bond it’ll have a lot of volatility in the actual price initially so if you put H 100,000 in and and interest rates went the wrong way maybe a year later it’s worth 70 so 7,000 but

What’ll happen is the volatility will get smaller and smaller as you get closer to the the end when it goes back to par like the 10 year yeah all all of them 10 year 30y year all them it’ll look like wedge go like this right so the volatility is at the beginning and

Then it gets smaller smaller till you get here and then it’ll go back 100 so these banks are waiting till the volatility nothing till they break par so that they could sell their treasuries and then not use the repo Market declare it as an unrealized loss right yeah that

Is nuts and the government’s backing it up so they can do that so basically we’ve been bailing out the banks this whole time yes yeah it’s a stealth Bank bail though it’s been going on the whole time people were watching the repo market and trying to figure out okay

What is going on here why are these num so haywire and that that’s what was going on they’re backing them completely and they’re not calling it a bank bail out because they’ve done all their studies where that’s a that’s a red hot word to use so they’re staying away from it but

Make no mistake about it they’ve been bailing A banks out ever since Silicon Valley went down and my guess is they would have lost at least three or four Banks during that period and all the Regionals would have been in trouble if they if they didn’t do the reverse repo

And and let them do what they’re doing right now absolutely yep y you can run through the whole group Zion Key Bank First National Bank bank of gu Bank of Hawaii there was a whole list of them and every single one of them would have been in deep trouble without without the

Government backing them up that’s insane that’s that’s incredible well Thomas I want to thank you so much for coming down to Wall Street Silver and talking with it’s always a huge pleasure having you on where can people contact you connect with you and follow you yeah you

Know the easiest places to find me out on LinkedIn U and you know 2024 I think we’re heading for a lot of fun yeah my main theme for 2024 is gonna be pause print pivot pause pivot print and then profits in the mining sector right I think we’re going to see those four

Things play out together but the first thing is what we’re in now the pause and anybody wants to reach out to me I’m more than glad to talk anytime on LinkedIn just reach out to me there awesome well thank you so much Thomas and we’ll talk to you soon yeah happy

New Year yeah happy New Year Everyone