How To Prepare For Economic Uncertainty

Maurice Jackson: Depending on who you speak with and different sources. But yes, I think that’d be a fair assessment.

Chris Marcus: And you have them trading gold at an 80:1 ratio. There’s about a 15:1 of silver to gold in the earth’s crust. Again, we’re almost guessing at what’s fair market when there’s so much distortion and such an inexact science of how much is out there. Yet to me, silver always felt like it was depressed even towards gold, plus the fact that so much of it’s being consumed. Again, I like to be careful about assuming I know what the future supply of silver is, or that anyone knows exactly how much is going to be used. Yet, to the degree you look at the technological world we’re in, there’s certainly a lot of reason to believe that the demand for silver is not going anywhere.

On a percentage basis, I think that when we do have a break point with the paper selling in the markets, I would expect silver to go up significantly more on a percentage basis than gold. I have a couple of gold coins. But primarily, the metal I have and I anticipate continuing that most of it being in silver going forward.

Maurice Jackson: I think we’re in agreement here with the ratio right now, 80:1. There are anomalies and distortions within the market. We are very bullish on silver and platinum, and we were earlier just say close to a year now on rhodium. By the way, what are your thoughts on rhodium?

Chris Marcus: I never really looked into rhodium too much, to be honest.

Maurice Jackson: Rhodium, we were very bullish on that a year ago. If you look back historically, within the last 10–15 years, rhodium was $10,000, and it’s now at $2,200. We were at the Sprott Natural Resource Symposium last July and we indicated we were very bullish on rhodium then, and the price was in the $900s. We feel the same way about platinum and silver. Those ratios are going to change. And again, this is maybe answering more than what you’re asking, but we fervently believe in trading and using those ratios in your favor. So, when the gold-silver ratio does change, we exchange those silver coins for gold coins. And the same with platinum to gold. We just like those value propositions that they present.

Chris Marcus: That raises an interesting point. Because one of the things I remember thinking about when I first got into gold and silver was that, it would have been about 10 years working on Wall Street, and I realized I couldn’t think of a single person I knew who traded gold or silver or did anything with it. Certainly, if you think about rhodium, even a smaller market than that, and to the degree that anytime there’s a very tiny market, especially that people don’t think about or understand, you can go in and actually can understand it really well. That often does provide a good trading opportunity. Certainly, that’s interesting to hear you found that.

I would imagine, especially with the expansion of the money supply, there’s probably a good case to be made for looking in there.

Maurice Jackson: Let me ask you this: you used the word manipulation. We hear that a lot in our industry. But do you believe that manipulation is only precious metal centric, or are all markets in your opinion manipulated?

Chris Marcus: Where to begin on that one? We have the Federal Reserve openly manipulating the bond market, but they’ve just gotten everybody to think that’s the way it works by calling it policy. A whole host of the banks have been fined for manipulating the real estate and mortgage markets. I think it’s been a couple years since they got fined for manipulating the currency markets. It’s actually almost harder to find a market that they have not manipulated.

By all means, no, it’s not contained just to gold and silver. I think it’s extreme in gold and particularly silver. Yet, a quick Google search will find not my opinion, but court fines and admissions by the banks of manipulation of just about anything they can find, which I think on one hand is incredibly unfortunate. Because the system that people were sold was: work hard, go out, invest your money wisely. I was stunned while I was on Wall Street with what I saw, and I’m even more stunned as I continue to find out more and go deeper down the rabbit hole on what actually goes on and what I found since then. Yet, that’s why, I like to phrase it carefully because I know that when some of these things happen, it is going to affect a lot of people. I feel blessed and fortunate that for whatever reason, I’ve been seeing this for a couple years and able to prepare certain things.

By all means, I don’t want to give the impression that I’m rooting for things that are going to affect people negatively. Imagine if we got a monetary system that even had 1/10 of honesty, and everybody woke up this morning and found out you’re making 50,000 you’re making whatever amount it is, just multiply it by 10. That’s why I think money has been kept such a secret topic, and we’ve just been trained to slobber at a dollar bill like it’s the holy grail. Because everybody always wonders, sees the banker mansions and yachts, this is where it’s coming from. This is where all these tanks are coming from.

When you think about how much of the crime that went on today or in the last year or 10 years? Everybody had 10 times as much money. Would you agree that there’s a lot of people going around working two or three jobs, and are petrified because they’re worried if they’re going to be able to take care of themselves and their families, right?

Maurice Jackson: Certainly.

Chris Marcus: That’s the good that I see coming on the other side of this. I do think the cryptos are going to play a role in that as well to the degree that as much as I like gold and silver, if I want to buy something online. We do live in a digital world. So, my best guess is there’s going to be a combination of the two. By all means, just are there are scams within the stock market or gold or silver, there’s going to be plenty of those within crypto. Again, you want to be careful about what people are selecting and what you’re investing in. Yet, fortunately I do think that there’s a lot of good that is coming out of these changes.

It’s interesting how the labels always, oh, they’re using it to fund drug running and terrorism, which do we not have enough evidence yet that that’s exactly what the dollar has been used for? That’s not my opinion. Oliver North stood in front of Congress when I was seven or eight years old. I remember not understanding why a Colonel was there not looking too happy. So, again, I don’t people don’t have to take my opinion for any of this, it’s all there and paints a clear picture. Yet, from what I’m seeing, well, there’s an adjustment to come. We can all start learning about that now. You’ve got a great site that shares a lot of great information, and I appreciate people like you have a show on, are spreading and giving people a way to find out that there are answers. I think the more people who join that movement, I do believe the positive spirit of mankind is greater than any bank or New World Order or anything else like that.

Maybe it’s the hope, but I think that that part of humanity is coming out as this evolves in the financial markets. And so, will be a fascinating time yet beautiful and productive. Certainly, the more that we band together and share, and people search for the truth.

Maurice Jackson: Thank you for the compliment, sir. It’s mutual respect for Acadia Economics. You said a lot there. So, I want to just interject here if I may. We’re talking to the individual investor and you were talking about savings and then you mentioned the dollar. For those of us who are listening today who may not be aware, there is a definition for the dollar. The dollar is 371.25 grains of silver. It is not a Federal Reserve Note, which is 75% cotton, and 25% linen.

Now, if you understand what the definition of a dollar is, it’s very important because would you exchange if you had dollar, which happens to be a Morgan and Piece dollar, which is 26.73 grams, which is 0.77344% of ounce, but that’s just the nerd in me. But would you ever exchange a Morgan or Piece dollar for a Federal Reserve Note? They both say One Dollar, and right then and there, it should click that they’re not synonyms. Do not be fooled by the one that says One Dollar, if you know the definitions. That definition, again, it’s found in the 1792 Coinage Act, which has never been repealed. My little pet peeve always is the word money. If you ever look on a Federal Reserve Note, look on the obverse and then look on the reverse. There’s two languages specifically on the $1. There’s Latin and there’s English. But the word money is omitted.

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