Gold & Silver Set to Outperform in a Financial System Pushed to the Brink of Collapse

Gold & Silver Set to Outperform in a Financial System Pushed to the Brink of Collapse

hello everybody and welcome to the
Vancouver resource investment conference
Channel my name is Jesse day we are
bringing the VC to you with our series
of expert online panels and we have
another exciting one lined up for you
today we’ve got Peter grandich founder
of Peter grandich and Company and Peter
spinner founder of goldseek.com and
Silvers seek.com we’re going to be
discussing of course gold silver as well
as the broad economy get their thoughts
on what they think is most pertinent in
Market today gentlemen it’s great to
have you both on the show great to be
here great to be here so I want to start
with the broad markets and the economy
what are the main themes and trends that
you’ve been watching that you think
investers should be paying attention to
and Peter grandit I’ll start with you on
this one well I’ve taken a in the 40th
year of my career the most harsh Outlook
and I’ve called it was time to build a
financial lock I’ll just name the five
reasons if you ever want to discuss them
that’s fine the first is one that’s been
predominant it’s only gotten worse and
now it’s acute and that’s the the
national debt and the reason it’s acute
now is we’re getting to the point where
even making the interest payments now
are going to be challenging if not
difficult if not impossible as we
continue to spend far more than we take
in the second one is a retirement and an
aging crisis 65% of Americans are
working paycheck to paycheck they’re
never going to reach the
beautiful ads on TV every night about
how wonderful retirement could be if you
just come with us and that will become a
an economic social and political burden
now number three uh when I first put out
this report is challenging number one
right now because it’s growing it at
Leaps and Bounds and that’s the
immigration crisis
Invasion economic War whatever you some
people want to call it but the most
important thing without getting anything
political discussing individuals where
whether they’re here for good reason or
bad the fact remains is that 10 million
or more people have come into this
country most of them with just the
shirts on their back now whether or not
whatever motives they got them here uh
it looks like most of planning to stay
and they’re taking full advantage of
economic things that are being given to
them Fally state and local that is only
going to compound the already increasing
dire economic social and political
landscape in United States not to
mention that I also believe
unfortunately because of what we’re
seeing in recent days Jesse and Pete
that I believe there we’re going to see
mocked increase in Sil arest and it’s
going to come first as that group
protesters that they’re not getting
fairly treated which we’ve seen in some
cities already but then the people on
the low income scale who what little
they were given in terms of government
assistance have is being taken from them
in order to give to the immigrants and
they’re not going to stand for that and
they’re going to point to that group and
say it’s because of you I’m losing what
little I have so I’m unfortunately
believe that’s going to lead to some
something more than an economic Clash
the forth is commonly known at least by
groups like us but still Wall Street
scofs at it treats it like it’s a joke
and the biggest joke is going to be on
them and that’s the brick formation no
matter whether it reaches the goals that
I believe it’s going to be I believe one
day it will rival what the Industrial
Revolution was the World Trade or it
fall somewhere in between the most
important thing to recognize in that is
is that those countries are looking not
to deal with the United States and not
to deal with our currency and that can’t
be a positive for us and then the fifth
one which would be if it was could be
working could possibly fix the other
four but it’s broken the most and that’s
the political paralysis simply put
Democrats and Republicans can no longer
work together in any meaningful way and
the compounding the issue is in each
party there are fractions that are
moving away from the the center of
whatever that party stood for so with
that and some other things like a little
thing called the Middle East and Taiwan
and others I just believe it’s time that
you have to build a financial AR where
Capital preservation now is far more
important than capital
appreciation very well said Peter spin
uh what are you watching right now when
it comes to the economy markets
geopolitics Etc that you think investors
should be paying attention to well I
think Peter nailed it there this is a
combination of of various factors that
are coming into play you know we we talk
about economics but of that is also
influenced by the general larger Pol
political issues I play uh the larger
political um problems that we’re seeing
around the world especially United
States the divisions uh the cultural
problems a lot of things are converging
and you know being more of an observer
to the United States having have left
the country many years you know it
really looks like you know even speak
with the people in the United States
there’s a sense of fear about what’s
happening on with the the elections um
more division people are unable to talk
to one another such sensitivity so
that’s kind of amazing to see and and
that’s that that goes hand inand with
the cultural problems happening but uh
really the economic issues are starting
to really show up um I think the big you
know looking back a couple years ago I
think there you know like in World War I
when uh Arch Duke Ferdinand was uh
assassinated in uh in uh yugosl well it
was not Yugoslavian Serbia um it was a
shot hurt around the world and I think
similarly a couple years ago with the
war in Ukraine the next level of this
war the escalation of it uh is is
another shot that should have been Heard
On The World by investors and other
observers but a lot of people have not
really been paying attention you know if
you’re in Europe or especially Eastern
Europe you really see what’s happening
the war is a lot more of a real a real
war you know watching it from abroad it
kind of you make some headlines you
don’t really you know see the day-to-day
news but it is a horrifying loss of life
it is a horrible thing that’s going on
in general with the war but has much
broader implications so this is
something we talked about a couple years
ago this war isn’t being fought just
it’s not a proxy war it’s not just about
Ukraine this is really the colder War
this is the Cold War now moving to back
you know from from the old times into a
new version of it and that’s really got
huge implications because with uh the
war a couple years ago the United States
and the Western European countries just
decided hey this is a this is this is
something we’re going to stand up
against we’re going to go fight Russia
basically and we’ve weaponized the
dollar we’ve weaponized treasury bonds
and uh the Swift payment system and so
on so that has to a series of events
that you know are coming more and more
into play now um you know economic uh
Wars of sorts uh monetary issues uh
they’re there definitely a lot of games
going on it’s not just Ukraine the proxy
war now we’re having issues in the
Middle East you have Taiwan so there’s a
lot of sensitive points there’s a lot of
risks out there um and at the same time
he have the Imperial dollar that has now
starting to get rejected by parts of the
world L A lot of the world would like to
reject it’s not an easy thing to do but
they’re working towards that process so
you do have motivation um by the brics
Nations and others to to dollarize
you’ve seen China dollariz
um you have a lot of things happening at
once and and that’s a very dangerous
situation when you see United States
having such massive deficits spending
the Deb debts are just absolutely to the
roof like Peter said the interest
payments are are are surging um they’re
not restraining their they’re spending
they’re just they’re just pushing more
more and more so this isn’t going to
turn out well there’s going to be a
Breaking Point and based off my
observations of just how the political
situation works in United States and and
just the way that you know politics and
everything’s happen no one’s going to
make real changes until the market
forces them to do it and I think that’s
starting to you know play out more in
the bond markets and the debt markets
and and that’s GNA you know a real
credit event appears to be coming um and
if the rates aren’t you know if they
drop the rates and try to you know stoke
the economy again you’re going to get a
big surge of potentially an inflation
but we already have another wave of
inflation happening now so you know to
me it seems like the fed’s caught in
stuck in this cash 22 position um
they’re trying to contain infl
they’ve got an economy that’s been bit
more resilient than maybe had expected
but it’s starting to show its weaknesses
and now that the economy is weakening
what are they going to do if there’s
another serious crisis you know this
reverse repo uh liquidity drains
happening all these other things that
they’ve done to kind of prop this up you
know it’s it’s coming to a head so I
don’t see a I’m not very optimistic in
General on on a lot of different things
and and in general as an investor I
wouldn’t be touching the markets uh it’s
it’s more risk than Rewards
here very interesting breakdown as well
from both of you uh Peter grandich let’s
get your thoughts on Gold’s role in all
of this you mentioned the rise of the
brics Nations the potential for a gold
back currency obviously this was
something that was there was rumors
swirling around the internet last year
that they were going to announce a
goldback currency at their Summit they
did not this led a lot of people in the
Pro dollar Camp to kind of point and say
see this is all conspiracy nothing’s
going to happen um however the bricks
Alliance is still in its early stages
they’re recruiting more member nations
they appear to be strengthening slowly
but surely um what are your thoughts on
Gold’s role in this whole geopolitical
setup that we’ve just
discussed so I would say that my love
for gold which I think is as strong as
Peters and some others comes from a
little bit different direction than some
I approached it mostly from hey it’s
another opportunity capital appreciation
not because was going to end or I’m
going to need ammo or dry food and a
bunch of gold in order to survive in it
so I became so involved in it from 1200
to 1600 and then in 2021 I a very unique
decision it wasn’t highly favorable I
can tell you our Planning Group we saw
business fall off not drop fall off but
I suggest the people that gold would
actually outperform both stocks and
bonds and that stocks and bonds could
lose double digits and if you wanted to
it was okay with me if you wanted to
sell General equities not related to
natural resources and especially bonds
and this is of course when interest
rates were down to one one and a half
percent and that gold would
outperform stocks and
bonds even some gold people thought that
was a little bit too absurd but as we
sit today that’s exactly what happened
and uh so I I I played it mostly for an
capital appreciation and because of that
and because we have clients with large
scale gains and as great as is done and
I do believe it will continue to go
higher I do believe my original Target
which was 2500 when it was 1,200 I think
we’ll eventually be extended and I think
we can start to look as 3,000 as a
possibility but because we have gains
already because I’ve watched too many
times in 40 years gains evaporate I have
in recent days including today suggested
anywhere from 5 to 25% profit taking
gold is somewhat overbought in fact it’s
severely overbought short term doesn’t
mean it can’t get a little bit more
extended towards 2500 but there’s a
correction and consolidation here and
one of the biggest bullish factors now
like Peter I’ve talked about how go was
being accumulated massively it wasn’t
being purchased for a trade it wasn’t a
bunch of speculators it was being bought
physically because something in the
future I believe will be tied through
bricks will come that will be needed as
an alternative to the dollar and whoever
introduces groups or what have you that
needs to offer something more than what
the dollar is just fiat currency and
gold will be used in whatever it is if
it’s just among themselves that they
develop something to trade among that
and all that’s the main reason why I
think of all the physical buying of gold
but what I also feel now at this point
in time is a couple other medals one
which Pete and I go back a long way I
was never loved by the silver bugs
because I would always put gold before
silver and had but I think now it can
come in on equal terms I think it what
it doesn’t have monetarily it makes up
for what how much improved the
fundamentals industrial wise has come
for silver and of course copper I took
recently when copper was down at four uh
and suggested that even copper should
now stand at the same level or maybe a
littlee of gold but realistically about
gold and I think this is the most
important thing to remember I know Peter
is going to agree with this the
financial Community mainstream Wall
Street treats gold like
cryptonite the day you turn on and watch
the major Financial networks have people
like me and Peter on one after another
commending gold urging people to be in
Gold we should run and sell our gold
because
that would be the ultimate sell signal
it is the Rodney danger feel of all
investments in my 40-year career even
today if you look how well we just noted
I hate to take this time but this is
critical we just noted not only has it
performed great the last few years since
January 1st
2000 gold has outperformed stocks and
bonds end of story and yet how many
people turn on or meet from a financial
Community anybody suggesting gold to be
any part in fact I’ll remind this and
I’ll shut up Jesse there’s only three
tier one Investments considered in the
world stocks bonds and gold and I always
say this to people that come in your own
stocks oh yes your own bonds your own
gold they go like this well if they’re
all considered 3-1 don’t you think you
should have some of each of them so I’m
still extremely optimistic it still has
a way to go it’s certainly not as cheap
as when we were buying at 12 and 1300
but I believe the things we’ve seen
happen are happening for bigger and more
important reasons and Gold’s going to
play an important role in whatever that
may be and Peter spinner your thoughts
on Gold’s role in the future up ahead
here well it’s it’s difficult to see a
common bricks currency backed by gold
you there’s there’s too many other
issues within the bricks trust among
partners and so on but gold is is it is
a unit of trust it is something that is
quite unique in its ability to bring
various parties together who who have
distrust among one another a trading
partners so um you know it is going to
be um something comes into play as
dollars value becomes more and more
problematic you just look around the
world central banks are buying record
amount of gold uh this is quite amazing
why would central banks not load up on
bonds you know treasury bonds and other
things are that are are very uh you know
higher yields and you know all so on no
they’re buying gold they’re not buying
dollars euros and so you see a d
diversification into gold by central
banks because they know there are are
some issues ahead um and I would expect
among the Bri Nations to to see gold
come in as a a settlement um when
there’s imbalances among tradeing
Partners gold will be used as a way to
settle those excess you know imbalances
uh common bricks currency that seems a
little more challenging I’m not fully
subscribed to that but I I do believe
gold will play a role um Greenspan did
you know mention that gold is a premier
currency and and eventually when there
are currency problems gold returns back
to its you know role as the premier
currency so I think we’re seeing that
and you see central banks around the
world loading up on it it’s not just
China but also here within the EU you
have Poland the Czech Republic Hungary
you have huge accumulation of gold
taking place and they have some very
some of the Central Bank there have said
some things about you know what they see
happen here in the in the EU uh EU debt
and some of the challenges and so on so
uh there is this trust among you know
the the central Bankers of the own fiia
currencies that they uh they’re they’re
they’re managing um and so I think it
has a quite a bright future especially
with all the problems especially when
you have wars being fought between the
great superpowers and uh a breakdown of
trust among trading partners so the
dollar is going to eventually start to
lose its from you know its Imperial
dollar status it’s not it’s going to
become the re res currency in the world
what what will replace it and that’s the
biggest challenge because there really
isn’t any good competition to it the
Chinese W you’re going to trust that the
Euro no there’s not nothing really there
to replace it so that’s where I think
gold uh comes back into play and that’s
why you see Heavy Central Bank buying
and they’ll be uh I I I eventually
believe that all this debt that we’re
dealing with in the world there’s going
to be a reset and gold will be the the
item the the unit which they reset it
against and the revaluation will be done
against the gold price what’s up guys
quick break my name is Jay Martin I’m
the CEO of Cambridge house and the host
of The Vancouver resource investment
conference I wanted to quickly Point
your attention to a link right beneath
this video where you can subscribe to
our new Weekly Newsletter if you want to
better understand the minds of the best
in investors in the resource space
subscribe to this newsletter I author it
personally every Sunday and I love
writing it hit that link below to
subscribe all right back to the
interview that makes a lot of sense
let’s shift to the gold mining sector
now we were talking before we hit record
today about the mining space um the
majors have woken up to some extent uh
with a new all-time high price in Gold
the barracks and yumont the ago Eagles
um however spoken to some people Adrien
day a few other people who think that
it’s the sector is still very
undervalued um and and this is kind of
just the beginning of what could be a
much long larger and longer Bull Run for
the gold mining sector um what are your
thoughts on the gold mining sector and
do you think a rising gold price will
eventually cause the developers and the
explorers to join in and Peter grit I’ll
start with
you well I I cont start my 41st year and
I feel very very good about my overall
record except there is a pimple which
grew more into a large blemish because
two years ago if you and I had this
conversation I would have told you to
back up the truck compared to what met
prices were then and buy mining shares
in juniors because that’s exactly what I
did and then you would ask me a year
later hey Pete there’s somewhat off what
do you thinking I tell you my God what a
buying opportunity back up more of the
truck and that’s exactly what I did and
then by the time at the end of this year
that passed it looked like wow the worst
is over and then of course the early
part of the new year it picked up where
it left off but finally light I don’t
think it’s a new new day yet but finally
Darkness seems to be dissipating the
reason why I I’m still quite optimistic
and I I guess one thing I should say is
that if anything has been said about me
that can be published anyway is Peter
granish tends to be too early and my
answer always to that is I rather be two
years too early than one day too late I
I think you have to make this decision
here do you believe the need for medals
will
continue there’s no question is the EV
story a year or two seem like a no-brain
to turn into questionable yes it’s
probably not going to reach the level
some first a year or two ago but it’s
still going to have a major impact and
now we’re learning as AI becomes the
latest hot thing it’s going to be a lot
more demand for electricity and with
that certain metals like copper and
other are going to so the need for
Metals themselves is not only constant
and looks like it’s going to remain
strong but because of where mining has
been in the last 10 to maybe as much as
15 years there hasn’t been a lot of
money spent on it and quite frankly
Majors some who I still speak to tell me
that they’re going to think twice to
certain parts of the world where they’re
going to go because of the social
political and economical ramifications
we’ve seen in now in Panama as a poster
child for what can go wrong and then the
other problem on that is important to
take into considerations if you look at
CH is the grades grades are declining
sharply even in the particular copper
Market which always means you have to
spend more money to get the same amount
of net result out of it so all in all as
bad as that sector has been as separate
is and we would and I know I speak for a
lot of people how could th be at 1900
2100 2300 2450 and my stock is moving
the fact it’s gone down and they have a
wonderful project and all that typ of
stuff there is a turn coming and we you
P out the signs the majors have started
to move financing have come back I’ve
watched several private placements into
Quality Companies that I’ve invested in
and they doubled it within a couple of
days and that’s a really really good
sign you need to see that before you can
expect it to be filed down to the
regular trading so I guess again being
too long Jesse but I think it’s
important as bad as it’s been it’s
probably set it up for a better run
because so much wash out has occurred I
can’t imagine you still own now what
would drive you to sell it I think
you’re in like for life it’s like you
know they Clos the door you’re in and
that’s the attitude and any shift and
one thing I would tell people don’t look
for a crash in stock market any shift or
rotation out of what has been what most
people been doing stocks and bonds uh
techology I call it Bitcoin but I have
another word for it I call it bitcon
probably say that for another day the
bottom line is that rotation out of that
just a little bit not a lot is going to
move that whole sector so as tough as
it’s been and as wrong as I’ve been I
don’t think I’ll have to do a a fony by
the end of this year and go I was wrong
again I think this is finally the year
that the metals uh shares have their day
in the Sun and Peter spinner would you
tend to agree with with those sentiments
anything you’d like to add regarding the
the mining sector yeah I think it’s
important to see that despite the gold
price last year stuck up near $2,000 an
ounce it hasn’t been extremely
profitable for the miners um and that’s
because the cost the true inflation is
showing up in the mining companies very
quickly they have to deal with energy
labor costs
Commodities all sorts of of of of input
costs which show up right away when the
inflation takes off so you look back to
the gold price High um 2011 Gold hit
nearly $2,000 an ounce miners were
taking out of the grounds on average
seven 750 $800 an ounce it was huge
profit margins now we ran up towards
2000 and the average cost of mining is
$4 to $1,500 an ounce so that’s the
average cost so there’s companies up
there like yont had Canada I think their
mins there or was a baric they they were
up near $2,000 now say there’s lot of
gold mines out there like says they’ve
high-graded a lot of it
um and now you’re having issues the
costs are going up the deposit qualities
are going down Investments haven’t been
made during this long uh downturn um so
what I see now and I think is a bullish
sign for gold silver stocks will join
here too is the profit margin expansion
is back on so now that Gold’s broken
above a very defined technical
resistance margins for these miners are
really expanding again so when gos are
at 18 1900 2000 you know was pretty
tight and the thought of gold going back
down to, 1600 1500 you know scared aot
of people away the miners uh you know
just weren’t so attractive when
everything else was taking off now
Gold’s broken out it’s very clear in in
the last quarter in the coming quarters
these numbers are going to start really
showing some really healthy cash flow
positive free cash flow uh numbers
coming out of the miners you’ll see that
get picked up by more analysts they’ll
start upgrading their targets and so on
but there has been such a hate towards
this this sector even the gold bugs are
in disbelief um too many of us have been
trained you know to expect another you
know disaster you know gold has a false
breakout and our our gold stocks get
slammed and even today even with gold at
2400 or nearly 2400 the gold stocks
relative to the gold price still aren’t
haven’t reached their levels that we saw
last December so they’re still
undervalued compared to the December
gold price when it it was below record
highs so it seems like a no-brainer I
think we’re going on you know a little
bit of a consolidation phase here but I
don’t think the gold stocks are going to
sell off too much they’re going to be
accumulated and we’re starting to see
more and more you know the gains
accelerate and then eventually I think
you see these big updates and you’ll see
the revaluations come because they’re
extreme fundamentally they’re extremely
cheap there’s no longer the fear out
there that the gold price is going to
collapse down to their you know Break
Even points and now the numbers cash
flows really taking off personally I
don’t touch the seniors unless like in
2020 I bought like three report you know
collapse during the big Market liquidity
so on but my my interest is in the
mid-tiers Juniors because they’re the
ones that are are growing um the seniors
have a very difficult time growing
especially organically uh they they have
you know they’re replenishing their
reserves their resources and that’s
where the Juniors and smaller companies
will see uh more interest from the
larger companies in in this cycle you
know I think you know what Peter said
that this Market has been so oversold
over the last years and it’s been so ha
that so many people have just just left
they’ve just dumped their shares and
there isn’t a lot of Supply out there
unless a companies really doing a
financing um it doesn’t take much
interest to get it going and and like P
said this not a this is a tiny sector
gold and silver especially silver you
know there’s not that many silver stocks
so a little bit of Interest coming in
the sector will really take know take
these stocks higher and I think what
happens it starts turning into a bit of
a bubble overshoot on its valuations and
you got to be cautious there but right
now the risk to reward is just I think
screaming by gold and silver stocks and
personally I’ve been uh focused more on
the Juniors and much more into the
exploration depending like Peter says
you have to be in the right location you
know that I’ve spoken to enough
companies who said that it’s better to
be in West Africa than Latin America
right now geopolitical risks you know
we’ve seen What’s happen in Mexico uh
they’ve had a lot of problems and then
they’re passing all sorts of new
legislation so it’s it’s distracting and
and and it all back to the metal prices
in the end because these mining
companies haven’t been making the
Investments the metal prices haven’t
been creating incentive to to develop
and explore so we’re having more of a
tight you know Supply situation so the
companies that do exist with nice
deposits I think they’ll really shine
and and and you’ll see some nice
premiums on the on the right ones in
this uh in this move higher and I
believe that that process has started
with the silver stocks I think uh you
know we we broke through some technical
resistance maybe breaking through
through the $30 an ounce level
will kind of spark the next level but
I’ve also noticed that the silver price
sometimes indicates more of the
sentiment in the gold and silver stocks
and the gold price does so if if you
watch the silver price and the gold
silver ratio kind of gives you a little
bit more of indication where we are at
and that’s starting to to shift into
Silver’s favor which tends to kind of
coincide with the gold and silver sock
so yeah timing you know you would have
thought two years ago when the gold
price wasy make its breakout that was
the last chance to still get in at these
you know relative extremely low low low
levels historically extremely cheap um
but uh it’s taken a few years for it to
to Really develop this breakout you know
had some false starts and in the process
is shaking out a lot of people holding
these gold and silver stocks as they go
chase crypto Nvidia and all these other
hot stocks so um to me I believe this is
still the stealth stage of the bull
market so when it does get noticed then
yeah watch out it’s it like Pete says it
won’t take a lot to get this Market
moving
well let’s hone in on Silver because
there’s no group of people who hate
their own asset more than silver
stackers at least the ones who are vocal
online you know whenever I post videos
focusing on Silver both here on my
channel as well it’s just that the
comments of people who came to watch a
video about silver who are just
bemoaning how useless and stupid silver
is um is massive but now it’s started to
to wake up and and here we are what are
we around $28 and change at the moment
um you mentioned piercing that $30 uh
level could be a game Cher uh Peter gred
shall start with you once again um what
are the catalysts that you think are are
driving silver at the moment because
obviously we don’t have the Central Bank
buying we don’t have it being viewed as
money by a lot of people it’s not a tier
one asset like gold what do you think is
driving silver now and and do you think
um like Peter Spina has laid out that
that is also very well set up for for a
potential breakout up ahead here as
well well long before silver stocking
became popular going back to the mid 90s
when I met Peter uh I would say at a
conference that owning silver is like
kissing your sister compared to gold and
boy the silver people soon as I was done
I couldn’t even get off the stage would
come up and give me 101 reasons why
silver is going to do this and that it’s
always been a favorite of the retail
metal interest person they liked silver
over gold some of the reason I always
felt was because they got quantity
versus quality obviously the price
differential and so forth and so on then
of course some things happened the
internet some people came out with bunch
of stuff and it grew popularity and so
forth and so on I think the reason now
why it’s moving is because a the whole
Metals Market is moving move gold has
had a dramatic move as Peter said there
has been a ratio there’s the the best
argument I can give to the silver and
why I moved it up to view it on the same
level as gold uh which is not often
something I do I believe it’s General
fundamentals of the best that’s ever
been since I’ve been in the business
there isn’t an awful lot of Supply years
ago the argument was oh everybody that’s
looking for base medals all tosses
silver aside it’s a waste metal and kind
of that kind of stuff that talk is long
gone because the industrial demand
improved so tremendously and as Peter
pointed out there aren’t a lot of people
looking for silver you know on its own
and uh and in some of the areas again
Mexico which was you know you said
Mining and you said silver people would
say Mexico before they said any other
country 20 years ago I I I’m I’m
personally staying within the confines
of North of North America I’m not going
further south than Miami so even if they
discovered in Key West I’m not going
down there but I I think that’s also
been a role concerns of where Sil might
have been amply available is going to be
much more harder to count on so I would
just say that it it deserves equal
recognition it’s catching up to the the
breakout in gold and when they all have
a little consolidation and I think Peter
would agree a consolidation here right
now shouldn’t be viewed as bad it’s
probably healthier than continuing going
straight up allow some moving averages
and stuff to get a little bit closer
that historically knows
when prices of anything get too far
ahead of certain moving averages they
tend to draw it back down but I think it
has as good of an argument now than it’s
ever had and to me it’s an equal play
towards gold and
copper and Peter spinner your thoughts
on the current setup for silver touched
on a little bit already um in your last
commentary about the mining stocks in
terms of the metal itself what are the
main catalysts that you see driving the
price higher it’s to me it’s it’s almost
a no-brainer risk reward wise um I I
bought my first 100 oun of silver off
eBay in the 90s it was $4 an ounce and
back then you know there was various
arguments in its favor um but back then
you still had the US government with
their silver stockpile they’re feeding
the market there was a supply uh it took
a while you know it’s taken a while to
go through various Cycles to get to the
point we are now and where we are now is
I believe three years into this silver
Supply deficit which is to me is
actually a mandated Supply deficit
because a lot of the demand for silver
is coming for the green energy for the
electrification uh for solar panels for
electric vehicles and so on and uh this
is a very unique situation because you
got average silver producer it cost cost
them low to mid $20 an ounce to produce
an ounce of silver even though 30% of
all silver is produced from primary
Silver Mines uh it is uh it is qu a of a
floor that you know gives the silver
price support there um the lack of
investment the lack of development the
lack of exploration you know there there
there isn’t that many silver projects
out there and there hasn’t been a lot of
work and as we just talked about Mexico
the largest silver producer in the world
um making more difficult and the lack of
investment going into that country in
the last years you you see a lot of
these factors taking place the supply
def um has been satisfied part by the
selling of silver ETFs and the Western
investors not really you know the retail
has been not very interested in the
silver market um they’ve been you know
absent but the industrial demand is is
is just on fire wholesale you know
industrial demand is is just sucking up
the supplies and it’s eating through the
inventory so the longer this process
takes place the the greater the The
Squeeze will be on the existing
inventories and I believe the squeeze is
really going to come now with the gold
price uh pulling in the interest into
the silver market from a monetary
perspective the gold and silver ratio is
saying hey silver is extremely cheap
here
um we have had just you know just the
silver lot these silver investors I I
knew a lot of them uh and myself I did I
also went into crypto 10 plus years ago
you know that the aspects of of of
higher returns and that’s also P says
that the return you the appeal of silver
to the retail guys that’s there a lot
higher upside than gold say provides so
a lot of those people have moved on from
Silver to to the crypto side and that
has you know a lot lot of this retail
site has kind of disappeared the last
few years so I think now that the price
is taking off more people are starting
to take notice of silver you see some
interesting stories come out of China
seen some record Imports going into into
India uh turkey also record numbers um
and that’s monetary investment and
Industrial combinations so you really
see that the fundamentals are just there
to support you on the downside and if
the gold price is going to continue to
hold these prices you know look down at
you know much higher gold prices the
silver price is is not going to stay
down here and uh what we have seen in
the past is once you start to see uh
retail come into this Market it doesn’t
take a lot of capital to to get it going
uh so I I think we’re uh we’re we’re
starting to the first stage with the
silver price breakout it’s taking the
gold price to kind of get this uh silver
story out there but it’s starting to get
more noticed and I you know I still
think it’s a Ste stealth bullace move
and when the average retail guy comes in
and you know watch out because it can
overshoot definitely to the upside and
we saw that a few times in the
past well gentlemen it’s been a
fantastic
conversation amazing knowledge shared by
both of you thank you so much for
joining us today before I do let you go
Peter grandage tell us about Peter
grandit and Company your YouTube channel
and anywhere else you’d like to direct
people
online well Peter gring company uh is
down to just two things it uh gave up
working with professional athletes after
all the soci and political nonsense so
uh we still do planning for us residents
uh State planning retirement planning
and then secondly to keep my uh toes uh
wet I uh write a blog but I mostly spend
time on Twitter I it’s an amazing thing
Peter might appreciate to think 30 35
years ago when I printed a newsletter I
just have to type it out bring it to the
printer get it type set have the printer
run wait for it to dry so it could be
folded fold it bring it back to the
office stuff it an envelope seal the
envelopes up mail it and two to three
days later people would learn what I was
thinking now in a matter of seconds and
a keyboard uh so Twitter has become a
main stay of of my community it’s quite
easy and quite enjoyable actually and
then there’s also a YouTube channel that
I have where interviews such as yours
and may I just say since I have him
together I like to thank Peter I think I
was one the original guest on gold seek
and this day for some know reason they
still call me and he has a great
interviewer there and uh I’m very
grateful for that and have a chance to
tell him publicly after all these years
how much I enjoyed that as well as you
Jesse and as you know uh you and I one a
couple others are going to get together
soon under the under a pretense of I
think important topic as well so I’m
grateful to you too Jesse for for
reaching out to me well thank you and
I’ll put links to all of that below and
yes shout out April 30th we’re going to
do an interview on Peter’s channel it’s
going to be very fascinating with some
great guests we’ve got Johnny kovasovic
on there as well looking very forward to
it um Peter spinner tell us about
goldseek.com Silvers seek.com what it is
you do there um and any else you’d like
to direct people online as well well
maybe I’ll go back a little bit since
Peter brought this up I started this
site of hobby as a teenager in 1995 so
we were the first precious metals uh
gold site out there um and over the
years I’ve been able to learn from
wonderful people like Peter about the
gold and silver market so I I appreciate
all the all the knowledge I’ve learned
from you Peter so thank you for that I I
I have always had an interest in in uh
the precious metal sector um not just
from the investment opportunity but what
it means as money and and how how it
relates to our individual freedoms and
and how it ties in into the greater real
of all that so that’s kind of how the
sze started was was following those
topics but we we follow and cover the
gold and silver markets with a lot of
various contributors who have you know
different insights about these markets
um you know like Peter was saying you
know when everyone in CNBC is goingon to
be talking like we are right now it’s
not going to be fun anymore we want to
be selling but uh one of the reasons why
started the site was uh as an
opportunity to get these these messages
out there so the siite started when the
market in gold was bottoming out and uh
we continue to You Know cover the gold
silver uh you know sectors on
goldseek.com and silers seek.com and on
Twitter I’m also active uh talking about
various subjects um so that’s goldseek
for on the Twitter side great well I’ll
put links to all of that in the
description below as well thank you once
again gentlemen it’s been an awesome
conversation thank you Jesse pleasure

Peter Grandich and Peter Spina have a long history in the gold and silver markets, and they bring their experience to this panel to break down the main catalysts driving both metals as both government and consumer debt skyrockets and the political and geopolitical landscape devolves into chaos. The duo also give their thoughts on the gold and silver mining sector and why they believe there could be an incredible opportunity there right now.

For more content from VRIC host Jay Martin, please visit Jay Martin University at https://jaymartinuniversity.com/

Sign up for Jay’s newsletter at https://jaymartin.substack.com/subscribe

Peter Grandich & Company: https://petergrandich.com
Peter Grandich on Youtube: https://www.youtube.com/@Peter-Grandich
Follow Peter Grandich on X: https://twitter.com/PeterGrandich

GoldSeek: https://goldseek.com
SilverSeek: https://silverseek.com
Follow Peter Spina on X: https://twitter.com/goldseek

00:00 Introduction
00:36 Themes We’re Watching Right Now
09:00 What is Gold’s Role?
18:08 Are Gold Mining Stocks Undervalued?
29:28 Forecast for Silver

#gold #silver #preciousmetals