July 14, 2025 • 30 mins
-
Trump Administration's Tariff Policies:
- Discussion of new tariffs imposed by President Trump, including:
- A 50% tariff on Brazil, despite a longstanding U.S. trade surplus with the country.
- A 50% tariff on copper imports, justified as a national security measure.
- Emphasis on Trump's "America First" approach and frustration with foreign governments, particularly Brazil’s judiciary and former President Bolsonaro.
- Discussion of new tariffs imposed by President Trump, including:
-
Criticism of Media Coverage:
- Ben repeatedly criticizes ABC News and other media outlets for questioning or opposing Trump’s actions.
- Claims that the media is biased against Trump and acts in favor of foreign interests.
-
Economic and Market Impacts:
- Commentary on how tariffs affect markets, especially precious metals like gold and silver.
- Discussion with Kirk Elliott from Kirk Elliott Precious Metals, who promotes investing in silver and gold as a hedge against inflation and economic instability.
-
Religious and Nationalistic Undertones:
- Ben references the anniversary of an assassination attempt on Trump in Butler, Pennsylvania.
- Asserts that God saved Trump’s life for a purpose—to lead America back to greatness.
- Quotes political figures like Speaker Mike Johnson and Senator John Thune who echo this sentiment.
-
Investment Advice:
- Strong promotion of silver as an undervalued asset, with projections of significant price increases.
- Warnings against buying collectible or commemorative coins, advocating instead for bullion.
- Promotion of the website KEPM.com/ben for more information on investing in precious metals.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
President Trump is continuing to move forward with tariffs. Why
he's wanting to put the American workers first. The White
House putting the world on notice with new threats, tariffs
that are targeting our allies, the European Union, Canada, and Mexico.
The White House unveiling a fifty percent tariff, for example,
(00:23):
against Brazil. Now, of course, the left is freaking out
over Donald Trump and what he's doing, which is exactly
why I want to explain it to you so you
understand what's really going on. And the White House decided
it was important to send out asset to the media
to talk about what these tariffs mean and what they
can expect moving forward. Take a listen to the White
(00:43):
House's strategy on ABC.
Speaker 2 (00:46):
Well.
Speaker 3 (00:46):
As you know, a lot of economists say that the
inflation will be coming, and that there was there were
certainly a lot of exports that were I mean imports
that were brought in in the anticipation the tariffs would
be placed. But let me let me ask you about
one new set of terror city announced on Brazil. Fifty
percent new tariff on Brazil. Brazil had a six point
(01:07):
eight billion dollar surplus last year. In fact, the US
hasn't had a trade deficit with Brazil since two thousand
and seven, I mean almost two decades, So why why
why are we putting a punishing fifty percent tariff on Brazil.
Speaker 4 (01:24):
Well, bottom line is the President has been very frustrated
with negotiations with Brazil and also with the actions of
Brazil in the end, though you know, we're trying to
put America first. I think that a lot of people
when I'm talking to negotiators from other countries, at some
point they'll say, what.
Speaker 2 (01:40):
Did we do wrong?
Speaker 4 (01:41):
And what I'm trying to get. The message we're all
tried to get across is this is about America getting
yourself ready for the Golden Age, by getting our house
at order, by getting our tariff and trade policy and
tax policy exactly where it needs to be for a
Golden Age. And normally it's not necessarily about a specific country,
but with Brazil it is. Actions have shocked the President
at times, and he's made none clear about that.
Speaker 3 (02:03):
But I don't understand how you're saying it's about America,
because the President has made it quite clear that what
he's upset about is how the Brazilian Supreme Court has
handled the criminal case involving former President Balsonaro.
Speaker 4 (02:18):
I mean with you, what I'm saying is that what
I've been saying with most countries was that it's really
about us getting the tariff's in order. And I think
that this teriff for Brazil is a lot higher because
of the President's frustration with Balsonaro and the fact that
Bolsonnaro himself, you know.
Speaker 3 (02:31):
Anyway, but can you explain to me because I find
it confusing here on what authority does the president?
Speaker 5 (02:40):
By the way, can we just pause? Isn't it amazing
how ABC News is.
Speaker 1 (02:44):
Like, well, I find it a bit confusing that the
president United States of America is doing what the President
of the United States of America said he was going
to do. And then they're like, well, hold on, Brazil
is this and is it really about tariffs or is
it about that? And we were finding this very confusing,
and we feel like it shouldn't be so confusing that
the president of the United States of America again is
(03:06):
doing exactly what he said he was going to do.
Speaker 5 (03:10):
It shouldn't be confusing at all.
Speaker 1 (03:11):
In fact, it should seem completely normal that the president
United States of America is doing exactly what the President
of United States of America.
Speaker 5 (03:19):
Said he was going to do.
Speaker 1 (03:23):
And yet they're always acting like they're completely dumbfounded that
they're just in like complete shock and all that the
President of the United States of America, Donald Trump is
doing exactly what the President United States of America said
he was going to do. Like if there's anything that
shouldn't be surprising to the media, especially in this second term,
(03:45):
is that the president says what he's going to do
and he's not messing around. He's made it clear to
our allies. You got a timeframe to get a deal done,
come to the table, get a deal done. You decide
not to get a deal done, that's on you. It's
not going to be good. It's gonna be bad. You
choose what you want to do. Do you want to
get a deal done or do you not want to
(04:06):
get a deal done? Like it's just that simple. What
is it that you want to do? And even if
you are an ally of the United States of America
and you've been taking advantage of us. I went on
TV other day in Australia on on Channel seven, and
I also do this the other day on Good Morning Britain.
Speaker 5 (04:25):
In the UK, and they're.
Speaker 1 (04:27):
Like acting like what Donald Trump is doing is so shocking.
And what I said was over and over again was
the same thing. Guys, This is not complicated. The President
of the United States of America told you that he meant business.
He said that he'd been taking advantage of for far
too long, that Americans have been taking advantage of and
you guys have been taking avanage.
Speaker 5 (04:44):
So we're gonna fix it.
Speaker 1 (04:45):
We're gonna go in the opposite direction and we're gonna
get a better trade deal. We're gonna get a fair
trade deal. Like the President has been very very very
very clear on that. And so to think or imply
that it's gonna be any different, your dumb. He is
shown very clearly over and over again he's not messing around.
(05:08):
He's shown that this is what he means, this is
what he believes, this is what he's going to do.
Speaker 5 (05:15):
There's no great area here.
Speaker 1 (05:18):
And if you don't believe him, including if you're an ally,
then it's gonna cost you more money. So you better
get a better deal like that. That's what they've been
saying over and over and over and over again. Like
you're like, you're gonna get a better deal if you.
Speaker 5 (05:35):
Come to the table and get a deal done. Now,
he wants a fair deal.
Speaker 1 (05:38):
He doesn't want us to be taking advantage of He
wants us to be a fair deal. That's all he's
asked for from the very beginning.
Speaker 5 (05:44):
Like, that's it. He just wants a fair deal. That's it.
Speaker 1 (05:50):
Like that, that's the whole game, folks, Like that's everything,
that's the whole kit and kaboodle.
Speaker 5 (05:56):
He wants a fair deal. You don't give him a
fair deal.
Speaker 1 (05:59):
We're now in the situation and you can hear ABC like, well,
we just can't understand it.
Speaker 5 (06:02):
We just don't understand. How is this possible keep listening
and have.
Speaker 3 (06:07):
To impost tariffs on a country because he doesn't like
what that country's judicial system is handling a specific case.
Speaker 4 (06:14):
Well, I mean, how is that a national defense emergency?
Or if he thinks of a national security threat that
he has the authority under a eput.
Speaker 3 (06:21):
So how is it a national security threat that you know,
how Brazil is handling the criminal case against this former president.
Speaker 2 (06:27):
Well that's not the only thing.
Speaker 4 (06:29):
That's not the only thing.
Speaker 3 (06:30):
I mean, So what is it? I mean, I've asked
what it is? I mean, it seems that that's what
President Trump's talking about. He's talking about his anger and
his frustration. He's been quite candid about it, with a
bolsnarrow case.
Speaker 2 (06:39):
Right.
Speaker 4 (06:40):
Well, the bottom line is that what we're doing, absolutely
collectively across every country is we're on shoring production in
the US to reduce the national emergency that is that
we have a massive trade deficit. This putting it at
risks should we need a production in the US because
of a national security crisis, And this is part of
an overall strategy to do that.
Speaker 3 (07:00):
But again, as we've just established, we have a trade
surplus with Brazil, non a deficit, and we've had a
surplus with Brazil for eighteen years.
Speaker 4 (07:09):
If you look at an overall strategy, if you don't
have an overall strategy for this, then they'll be tramshipping
at everything else and you won't achieve your objectives.
Speaker 1 (07:17):
Again, they can badger as much as they want, and
that's exactly what the media is going to do every
time they want to find a reason why, they can.
Speaker 5 (07:25):
Say this is a disaster, that this is unfair.
Speaker 1 (07:29):
Notice ABC News there is literally acting like they are
on behalf talking on behalf of the Brazilian government. Like
they're not on the side of the United States of America,
they are clearly on the side of any other country.
They want Donald Trump to be a failure, They want
Donald Trump to lose. They want Donald Trump to be
(07:50):
blamed for everything that happens. It's possibly in any capacity.
Looks negative and apparently like they're not going to stop.
Folks like they're going to keep going anytime they can
blame Trump for anything. They are going to blame him
for anything. Every single time. I got to ask you
(08:12):
a question, are you one of those that's just so
tired of giving your money to radical left woke companies
that actually are fighting against your values every day? Well,
there are certain bills that you pay every month that
if you can go with a conservative company, why not
do it? In fact, why not go with a conservative
company actually takes part of your bill every month that
(08:34):
you're going to pay to somebody, and they give it
back to organizations that support your First and your Second
Amendment rights, that support the rights of unborn children, that
stand with our military are first responders and so many
wounded warriors that need help. Well, that bill I'm talking
about is your cell phone bill. And I've been telling
(08:56):
you for a long time about Patrion Mobile, but there's
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Speaker 5 (09:14):
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big mobile?
Speaker 1 (09:16):
Big Mobile has been giving big donations to democratic causes,
democratic candidates, and radical left organizations. I'm talking about organizations
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(09:38):
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(09:59):
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Speaker 5 (10:30):
Now let's just go back.
Speaker 1 (10:31):
To another aspect outside of what we're seeing with Brazil,
and that deals with the issue of copper. The Presence
made it clear that we are way too dependent on
foreign countries and it puts our national security at risk
on certain types of minerals and metals.
Speaker 5 (10:48):
Et cetera.
Speaker 1 (10:49):
And this was part of the back and forth on
the President talking about these new things, these utiffs. Now,
I think the present's very smart and the way that
he is handling this so far.
Speaker 5 (11:00):
It's been a success.
Speaker 1 (11:02):
Take a listen to what was said again on ABC.
Of course they're saying it's the worst thing in the world.
Speaker 3 (11:07):
Let me ask you about the fifty percent tariff that
the President has imposed on copper imports. Copper, of course,
is a widely used in construction, industrial manufacturing, cars, mobile phones,
and the like. This is what the Wall Street Journal
had to say about these tariffs. Mister Trump is going
to make US firms pay fifty percent more for a
(11:28):
vital metal while they wait five or more years for
US sourcing. How does making it more expensive to build aircraft,
ships and ammunition promote national security? This is national's insecurity.
What's your response to the Wall Street Journal?
Speaker 2 (11:41):
Right?
Speaker 4 (11:41):
The bottom line is that if there is a type
of war, then we need to have the metals that
we need to produce American weapons, and copper is a
key component in many American weapons sets. And so as
we look forward to the threats that America faces, the
President decided that we have plenty of copper in the US,
but not enough copper production. That's why he's taken a
strong step.
Speaker 3 (12:01):
But are you concerned about the effect of higher copper
prices before American manufacturing can get up to speed.
Speaker 4 (12:07):
The fact is that that effect that you're just discussing
is something that you mentioned. That economist said, we're going
to be coming all year these effects and inflation is
way way down In fact, inflation in the US is
right about the same level as it is in Europe. Okay,
And so the tariffs have worked the way that we
said it, So I guess the expectation would be that
the countries and the people that are dumping into the
US would bear most of this tariff.
Speaker 1 (12:29):
Again, you're dealing with the president who has said he
is going to continue to put Americans first. We're going
to put Americans first, no matter what, American workers first,
national security first.
Speaker 5 (12:45):
That is what we are going to do.
Speaker 1 (12:48):
And I absolutely love the fact that you've got a
president that's willing to make these really, really tough decisions.
Speaker 5 (12:58):
And that's what it is.
Speaker 1 (13:00):
The Present's willing to make a decision that is tough,
knowing that he has the backing and the support of
the American people. He's also willing to do things that
many other presents were not willing to do. They what
they really want to do is just kick it the
can down the road. There are these third rail issues
that it's described, and what are third rail issues? There
(13:23):
are issues that people say, hey, just don't go there,
don't touch it. The upside is not worth the pain
on the front end. So just don't do it. Whatever
you do, look the other way and just move on
past it. Don't reform real things. Kick the can. Let
that be somebody else's problem, right, I just let it
(13:44):
be someone else's issue.
Speaker 5 (13:47):
And what the President ran on.
Speaker 1 (13:48):
And what he said was is I'm not going to
kick the can on any of these things. I'm not
going to sit there and say we'll let somebody l
deal with it. That's not what we do here. We
are going to immediately get involved. We're going to immediately
(14:09):
stand up. We're going to immediately change and correct how
we are doing things. And we feel good about it
because the American people understand it, and it's a national
security issue. As you just heard, the President believes that
he's going to do it.
Speaker 5 (14:24):
But there this also goes back to the core issue.
Speaker 1 (14:28):
There are unfortunately far too many countries, for far too
long they were able to put tariffs on America and
hurt America while helping themselves tremendously. And the President said,
I'm not going to let you take advantage of us anymore.
It's that simple. I'm not going to let you take
(14:49):
advantage of us. That's an American first policy. That is
a policy that we should all be so proud of
that is a let's see that we should all be
so happy that we have a president's.
Speaker 5 (15:03):
Going to do it.
Speaker 1 (15:04):
And yes, there is going to be moments in the
market that are going to move in the opposite direction.
And by the way, we're going to talk about that
coming up in a moment, because this is a real
issue when it comes to the markets. And and we
have seen if you stayed in the markets right that
what was the saying that, like, you only lose if
you sell? And what happened when when all of these
tears are announced and the market took a huge dump,
(15:26):
what happened afterwards?
Speaker 5 (15:27):
Pretty quickly afterwards.
Speaker 1 (15:29):
The markets came roaring back and people made a lot
of money. By the way, I'm one of them. I
doubled down. I knew the president was going to do it.
I knew what he meant. I saw the market drop
on a lot of things. I took advantage of it
and invested because I knew that the president was going
to win.
Speaker 5 (15:46):
And so I was very happy, very very happy that.
Speaker 1 (15:51):
We have a present that not only does what he
says he was going to do, and it isn't going
to lie about it and tells you the truth, and
he's like, we're going to do this, like this is
what we are going to do, and he wasn't willing
to compromise on like that. Isn't that the best part
of all, Isn't that exactly what we should want? Is
the president that says they're so I'm gonna do and
(16:12):
I'm not going to back down, and I'm gonna stand
up for the American worker and I'm gonna keep going.
And a lot of people, by the way, these tariffs,
they've not been paying attention to what's going on. They
haven't been I go back to what happened a year ago,
and one year ago it's the assassination attempt anniversary of
Donald Trump in Butler, Pennsylvania, and I think it was
(16:35):
pretty clear then God saved Donald Trump's life to do
exactly what he's doing now. I think God is using
Trump to lead our country back to greatness. And I
think to lead us back to greatness, there's gonna be
some really tough choices and tough fights they are.
Speaker 5 (16:47):
Going to have to happen.
Speaker 1 (16:49):
But when you look at this one year anniversary of
Donald Trump, if you want to know how he's gonna
run this White House and what he's gonna do. He doesn't.
He understands. I think that God saved his life. I
think it's really a big difference between the forty fifth
president and the forty seventh president is there's a different
level of commitment now from this president to do tough
(17:10):
things because he understands that God saved his life. There
are so many around him that credit God for saving
the President. Then House Speaker Mike Johnson, by the way,
Majority Leader John Thune, and a slew of other leaders
in the Republican Party took the ex literally today to
remember this weekend, July thirteenth, and the role they believe
(17:31):
God played that day. Speaker Johnson said, one year ago today,
God miraculous. He spared the life of President Trump. He's
using him to lead our country back to greatness. He's
absolutely right. He shared the video of the moment Trump
was struck in the ear and the moment after in
which he pumped his fist to finally with that bloody face.
Speaker 5 (17:50):
The Senate Leader.
Speaker 1 (17:51):
John Thune, one year ago today, think to the grace
of God, President Trump survived in assassination. Attended Butler, Pennsylvania
on the Somber Anniversary, saying for peace in our nation,
around the world and for the loved ones, uh, he says.
Speaker 5 (18:06):
And by the way, I couldn't agree with him more.
Speaker 1 (18:08):
You look at one year and what this president's done
last year. You want to know he's fighting for He's
fighting for the American people.
Speaker 5 (18:17):
That's what he's doing.
Speaker 1 (18:19):
He is fighting for the for the forgotten men and
women who our government has been screwing for so long.
He's also fighting against people around the world. Vladimir Putiney
was ound about Ladimir Putin before he got an Air
Force one and injers Air Force Base.
Speaker 5 (18:33):
Well, what he had to say about what's going on
with Putin in Ukraine.
Speaker 2 (18:36):
You're going to be announcing us tomorrow.
Speaker 5 (18:39):
Look at it and see what we will see tomorrow.
Speaker 3 (18:41):
Okay, And we have the Secretary of General.
Speaker 5 (18:43):
As you know, Europe has announced sanctions. But I am
very disappointed with President Putin that I thought he was somebody.
Speaker 1 (18:53):
That meant what he said, and he'll talk so beautifully
and then he'll bomb people at night.
Speaker 5 (18:58):
We don't like that. We don't like that.
Speaker 1 (19:01):
So you're now talking about a president who's going to
do apparently what other presidents have not done. You gave
Vladimir Puttin a chance to go for peace. You try
to put it together Vladimir Putin, Unfortunately he's talking about
both sides of his mouth. The President's like, all right, well,
then there's gonna be consequences for that, and here's what
we're gonna do moving forward. And this is just the
way it's gonna be. And they're like, well, what are
you gonna do today? Right, what's gonna happen today. He's
(19:23):
made it very clear what he's gonna do. He's not
messing around the White House coming out fifty percent tariffs
on copper imports. Trum has decided that it's time for
us to protect ourselves on a national security front.
Speaker 5 (19:37):
He's not messing around.
Speaker 1 (19:38):
We're looking at other tariffs with allies, the EU, Canada, etc.
We're gonna chat about what that means for the markets
as well, because that is.
Speaker 5 (19:46):
Something that's gonna affect all of us.
Speaker 1 (19:48):
A good friend of mine, Kurt Elliott with Kurt Elliott
Precious Metals, is joining me now, and Kurt, I one,
I appreciate you coming on, and I've got a lot
of questions I want to ask you tonight, Let's start
with the tariffs. First off, the copper tariffs that we're
hearing about that are at fifty percent, that's that can
obviously have.
Speaker 5 (20:08):
A significant impact of the market.
Speaker 1 (20:10):
What is all of this tariff talk doing when it
comes to the markets, and specifically you you deal with
precious metals gold and silver. We just saw a couple
of days ago headline that gold had reached an all
time you high, three thousand ounces. Since that headline came out,
it's up to three three hundred and change, and yet
silver still seems to be at thirty eight dollars announced
(20:33):
an amazing deal compared to where gold is. But yet
gold keeps going up and now silver is moving as well.
Speaker 6 (20:39):
For is actually dramatically outperforming gold, which in the recent
oh last month or so, and so that I mean
that is like the biggest untold story for investors who
want to protect and preserve and grow and thrive in
this markets of complete uncertainty.
Speaker 1 (20:58):
When you talk about it exploding the way that it has,
what are the factors, Kurt, that have made this this
market explode worldwide? When it comes to gold, I mean,
I've never seen it thirty three one hundred an ounce.
You have it as we're sitting here. I literally have
a gold eagle in my hand. I have one in
my office that's from nineteen thirty three. And if you
(21:21):
bought it in thirty three, it did not cost three
three hundred dollars.
Speaker 2 (21:26):
No, it didn't. It was twenty bucks. Right.
Speaker 6 (21:28):
So, so way back in the day when when gold
and the dollar were convertible, you know, prior to you know,
everything changing getting us off the gold standard, Nipson closing
the gold window, you could go to the store or
the bank and give them one ounce of gold or
a twenty dollar bill. It was equal, right, So to
(21:49):
me as an economist, it's like, okay, what would that
buy you?
Speaker 2 (21:52):
Right? You always have to look at the purchasing power.
Speaker 6 (21:54):
Well, back then, one ounce of gold or a twenty
dollars bill would have bought you a fin tailored men's.
Speaker 2 (22:01):
Suit, shirt, die of belt, and shoes. Right. So fast
forward to today, you.
Speaker 6 (22:05):
Can't even go to Chick fil A for twenty bucks,
but ye one ounce of gold at thirty three hundred
still buys you finally tailored men's suit, shirt, tie.
Speaker 2 (22:13):
Belt, and shoes.
Speaker 6 (22:13):
See, precious metals actually maintain your purchasing power over time,
which to me is the perfect inflationary hedge when when
people are wondering, you know, all this talk about inflation
and boy to put families in America can't can't afford
to live and their their paycheck to paycheck. Well, if
you invest properly, at least you can overcome the inflationary
(22:37):
pressures where the dollar is collapsing, stocks aren't keeping up,
wages haven't been keeping up because of the past administration.
And so when we look at that, it's like, okay,
look at it as an insurance policy against a collapsing currency.
But in addition to that, you've got massive amounts of
growth and what we've seen already. Then to answer or
(23:00):
short little question, what you might long answer, sorry, is
everything that we ever buy.
Speaker 2 (23:05):
Is a function of supplying demand.
Speaker 6 (23:07):
Right, So, you've got central banks around the world which
are allocating not into hundreds, but thousands of tons of gold.
Speaker 2 (23:16):
To be a backstop to their currency.
Speaker 6 (23:18):
The world is changing, We're moving away from central banking
as we know it. And on the silver front, it's
not just a financial metal like gold. It's used for manufacturing,
it's used for stolar it's used.
Speaker 2 (23:31):
For nuclear power.
Speaker 6 (23:32):
It's used in the military industrial complex a ton. It's
used for battery technology, electric vehicles, all electronics, Like every
single flat screen TV you see it best buy, right, that's.
Speaker 2 (23:44):
Got silver in it.
Speaker 6 (23:45):
So that's a diminishing supply. When you have low supply
and high demand, well then prices go up. To me,
that's the bottom line.
Speaker 1 (23:54):
When I look at the market right now, and look,
I was talking about this earlier. With all the tariffs,
there some real big opportunities for investors. I believe President
Trump when he said he was going to do the tariffs,
and I played it, thank goodness, pretty well and was
able to utilize, you know, my investment strategy to my advantage.
I also have been a big fan of gold and
(24:16):
silver for a long time. I have a fair amount
of gold, thank goodness, I do, and silver. But let's
talk about silver for a second. Silver is saying that's
being used in virtually every important thing that we're building.
It's in so many different things, and you've got the
list that it will explain it. And yet we've seen
(24:37):
the price stay relatively low right now, which is phenomenal
for people that are looking long term and protections.
Speaker 6 (24:44):
It is and you know, a few years ago when
we started heavily allocating into silver as a firm, it
was in the upper teens, literally eighteen dollars an ounce.
So in just a three and a half years it's doubled.
But and that's a great investment, right in three and
a half years. To have anything double would be incredible.
(25:04):
But the best is still yet to come because of
the world that we're living in, the increasing demand, the
diminishing supply. I mean, you're seeing projections now from economists everybody,
from Goldman Sachs to people who follow the commodities markets,
to the trading desks around the world thinking silver could
be sixty to one hundred dollars nowns in the next
(25:26):
twelve months, all the way up into the mid one hundreds.
Speaker 2 (25:30):
Well, when you.
Speaker 6 (25:31):
Look at that, why it's not just a pie in
the sky projection. People in those worlds don't ever say
pie in the sky things. When you're working for one
of these big firms, it's simply because they know that the.
Speaker 2 (25:45):
Demand is there.
Speaker 6 (25:45):
And when you look at what some of the big
banks spend have they have massive short positions, and in fact,
they've been suppressing the price of silver for military industrial
complex for decades, literally for decades, and you have these
massive short positions, and so everybody listening, when you have
a short position, if the price goes up, you lose
(26:08):
money hand over fist. Right, Yes, you are betting the
price is going.
Speaker 2 (26:12):
To go down.
Speaker 6 (26:13):
So just one day, in one day last week, four
hundred and eighty three million ounces of silver were shorted
in one day. Perspective, Yeah, to put that into perspective,
that's fifty seven percent of all of the global mining
production in one year. And there is not enough silver
(26:34):
to cover those short positions. So what we're probably going
to see in pretty short order is a massive short squeeze,
which is why these economists are saying silver is actually
about to sort.
Speaker 2 (26:45):
But what's that going to do to the banks.
Speaker 6 (26:48):
They're going to lose money handover fist, and they're already
under capitalized.
Speaker 2 (26:52):
Banks are already under capitalized in.
Speaker 6 (26:54):
America because coming off of COVID in four years of
the Biden administration, where the economy was stinky and they
had travel restrictions and mass mandates and mom and pop
businesses were shutting down everywhere.
Speaker 2 (27:06):
It's like, why do banks fail?
Speaker 6 (27:08):
Banks fail simply because they have more withdrawals coming out
so people can live than deposits going in.
Speaker 2 (27:14):
So that's why banks are failing.
Speaker 6 (27:16):
That's why we saw Silicon Valley and first you know
Republican Credit, Swiss and silver Gate and Signature Bank collapse
a couple of years ago because they had more withdrawals
coming out than deposits going in. Well, this time, with
banks undercapitalized in having this massive short position, I think
we could see bigger bank failures than the regional bank
(27:40):
crisis that we saw a couple of years ago.
Speaker 1 (27:42):
Final question for you, and this deals with people that
maybe are listening tonight and they say, okay, look, I
want to be diversified.
Speaker 5 (27:50):
I want to have not all my egs in one basket.
Speaker 1 (27:54):
There's a lot of I just go say what it
is scumbag comings out there that fear monger and they
take advantage of people, especially seniors. They put they put
all your money in gold and silver. You guys at
kirk Elliot Pressure Nels would never do that. You never
say that you're you're a faith based Christian company. That's
why I love you guys and having you on. But
when you look at this, what should people be looking.
Speaker 5 (28:15):
At right now? Should they just say, let's take a
look and see what there is.
Speaker 6 (28:20):
I would look at silver first and foremost. I think
it's the most undervalued asset on the planet right now
compared to everything that's going on, and everything that we
just talked about is very bullish for the precious metals complex. Now,
not all gold is good gold, not all silver is
good silver.
Speaker 2 (28:40):
So be very very careful.
Speaker 6 (28:41):
For example, you know you you explained it very well
just a second ago. You watch any conservative podcast all
over the country, you're.
Speaker 2 (28:49):
Going to see a gold or silver commercial, right.
Speaker 6 (28:52):
But a lot of these companies are putting people into collectibles.
Speaker 2 (28:56):
There's some kind of a commemorative or it.
Speaker 6 (28:58):
Has somebody's face on it we all know.
Speaker 2 (29:00):
And love, and it's like, oh, this is going to
be great. No, this is the problem.
Speaker 6 (29:04):
To me, I see these invoices from some of these
people that will never ever recover ever because when gold was,
when silver, sorry was in the twenty something dollars announce range,
I was looking at some of these, it's like people
were paying sixty seventy dollars an ounce. Well, nobody wants
those when it comes time to sell, except for the
(29:25):
company that was making a market for them.
Speaker 2 (29:28):
If they were to.
Speaker 6 (29:28):
Sell those back to a depository, they're going to get
melt value, which is less than spot price, because they're
just going to take those things and melt them into
a coiner of bar Right. So here's where you should
have been able to get silver for about thirty dollars
an ounce. When it gets up to seventy dollars an ounce,
all of our clients that bought bullion will have more
than doubled their investment, literally doubled. If you paid seventy
(29:52):
dollars an ounce back, then you're only breaking even. You're
only breaking even when silver hit seventy. I mean, that's
the disaster to me, and it makes me sick to
my stomach.
Speaker 5 (30:02):
I want you guys to go visit the website. They
do great work.
Speaker 1 (30:06):
K e PM dot com slash ben that's k e
p M dot com slash ben. You can find out
more about Kurt Elliott Precious Metals. Kurt, I appreciate you
coming on. We'll have you back on time to time.
But if you want to come, you can get great
intel from great info that.
Speaker 5 (30:23):
Does exactly just said.
Speaker 1 (30:24):
Go to k e PM dot com slash ben k
E p m dot com slash Ben Kurt always a pleasure.
Speaker 5 (30:33):
Don't forget Share this podcast.
Speaker 1 (30:34):
Please with your family and your friends where whoever they are,
and I will see you back here tomorrow
President Trump is continuing to move forward with tariffs. Why
he's wanting to put the American workers first. The White
House putting the world on notice with new threats, tariffs
that are targeting our allies, the European Union, Canada, and Mexico.
The White House unveiling a fifty percent tariff, for example,
(00:23):
against Brazil. Now, of course, the left is freaking out
over Donald Trump and what he's doing, which is exactly
why I want to explain it to you so you
understand what's really going on. And the White House decided
it was important to send out asset to the media
to talk about what these tariffs mean and what they
can expect moving forward. Take a listen to the White
(00:43):
House's strategy on ABC.
Speaker 2 (00:46):
Well.
Speaker 3 (00:46):
As you know, a lot of economists say that the
inflation will be coming, and that there was there were
certainly a lot of exports that were I mean imports
that were brought in in the anticipation the tariffs would
be placed. But let me let me ask you about
one new set of terror city announced on Brazil. Fifty
percent new tariff on Brazil. Brazil had a six point
(01:07):
eight billion dollar surplus last year. In fact, the US
hasn't had a trade deficit with Brazil since two thousand
and seven, I mean almost two decades, So why why
why are we putting a punishing fifty percent tariff on Brazil.
Speaker 4 (01:24):
Well, bottom line is the President has been very frustrated
with negotiations with Brazil and also with the actions of
Brazil in the end, though you know, we're trying to
put America first. I think that a lot of people
when I'm talking to negotiators from other countries, at some
point they'll say, what.
Speaker 2 (01:40):
Did we do wrong?
Speaker 4 (01:41):
And what I'm trying to get. The message we're all
tried to get across is this is about America getting
yourself ready for the Golden Age, by getting our house
at order, by getting our tariff and trade policy and
tax policy exactly where it needs to be for a
Golden Age. And normally it's not necessarily about a specific country,
but with Brazil it is. Actions have shocked the President
at times, and he's made none clear about that.
Speaker 3 (02:03):
But I don't understand how you're saying it's about America,
because the President has made it quite clear that what
he's upset about is how the Brazilian Supreme Court has
handled the criminal case involving former President Balsonaro.
Speaker 4 (02:18):
I mean with you, what I'm saying is that what
I've been saying with most countries was that it's really
about us getting the tariff's in order. And I think
that this teriff for Brazil is a lot higher because
of the President's frustration with Balsonaro and the fact that
Bolsonnaro himself, you know.
Speaker 3 (02:31):
Anyway, but can you explain to me because I find
it confusing here on what authority does the president?
Speaker 5 (02:40):
By the way, can we just pause? Isn't it amazing
how ABC News is.
Speaker 1 (02:44):
Like, well, I find it a bit confusing that the
president United States of America is doing what the President
of the United States of America said he was going
to do. And then they're like, well, hold on, Brazil
is this and is it really about tariffs or is
it about that? And we were finding this very confusing,
and we feel like it shouldn't be so confusing that
the president of the United States of America again is
(03:06):
doing exactly what he said he was going to do.
Speaker 5 (03:10):
It shouldn't be confusing at all.
Speaker 1 (03:11):
In fact, it should seem completely normal that the president
United States of America is doing exactly what the President
of United States of America.
Speaker 5 (03:19):
Said he was going to do.
Speaker 1 (03:23):
And yet they're always acting like they're completely dumbfounded that
they're just in like complete shock and all that the
President of the United States of America, Donald Trump is
doing exactly what the President United States of America said
he was going to do. Like if there's anything that
shouldn't be surprising to the media, especially in this second term,
(03:45):
is that the president says what he's going to do
and he's not messing around. He's made it clear to
our allies. You got a timeframe to get a deal done,
come to the table, get a deal done. You decide
not to get a deal done, that's on you. It's
not going to be good. It's gonna be bad. You
choose what you want to do. Do you want to
get a deal done or do you not want to
(04:06):
get a deal done? Like it's just that simple. What
is it that you want to do? And even if
you are an ally of the United States of America
and you've been taking advantage of us. I went on
TV other day in Australia on on Channel seven, and
I also do this the other day on Good Morning Britain.
Speaker 5 (04:25):
In the UK, and they're.
Speaker 1 (04:27):
Like acting like what Donald Trump is doing is so shocking.
And what I said was over and over again was
the same thing. Guys, This is not complicated. The President
of the United States of America told you that he meant business.
He said that he'd been taking advantage of for far
too long, that Americans have been taking advantage of and
you guys have been taking avanage.
Speaker 5 (04:44):
So we're gonna fix it.
Speaker 1 (04:45):
We're gonna go in the opposite direction and we're gonna
get a better trade deal. We're gonna get a fair
trade deal. Like the President has been very very very
very clear on that. And so to think or imply
that it's gonna be any different, your dumb. He is
shown very clearly over and over again he's not messing around.
(05:08):
He's shown that this is what he means, this is
what he believes, this is what he's going to do.
Speaker 5 (05:15):
There's no great area here.
Speaker 1 (05:18):
And if you don't believe him, including if you're an ally,
then it's gonna cost you more money. So you better
get a better deal like that. That's what they've been
saying over and over and over and over again. Like
you're like, you're gonna get a better deal if you.
Speaker 5 (05:35):
Come to the table and get a deal done. Now,
he wants a fair deal.
Speaker 1 (05:38):
He doesn't want us to be taking advantage of He
wants us to be a fair deal. That's all he's
asked for from the very beginning.
Speaker 5 (05:44):
Like, that's it. He just wants a fair deal. That's it.
Speaker 1 (05:50):
Like that, that's the whole game, folks, Like that's everything,
that's the whole kit and kaboodle.
Speaker 5 (05:56):
He wants a fair deal. You don't give him a
fair deal.
Speaker 1 (05:59):
We're now in the situation and you can hear ABC like, well,
we just can't understand it.
Speaker 5 (06:02):
We just don't understand. How is this possible keep listening
and have.
Speaker 3 (06:07):
To impost tariffs on a country because he doesn't like
what that country's judicial system is handling a specific case.
Speaker 4 (06:14):
Well, I mean, how is that a national defense emergency?
Or if he thinks of a national security threat that
he has the authority under a eput.
Speaker 3 (06:21):
So how is it a national security threat that you know,
how Brazil is handling the criminal case against this former president.
Speaker 2 (06:27):
Well that's not the only thing.
Speaker 4 (06:29):
That's not the only thing.
Speaker 3 (06:30):
I mean, So what is it? I mean, I've asked
what it is? I mean, it seems that that's what
President Trump's talking about. He's talking about his anger and
his frustration. He's been quite candid about it, with a
bolsnarrow case.
Speaker 2 (06:39):
Right.
Speaker 4 (06:40):
Well, the bottom line is that what we're doing, absolutely
collectively across every country is we're on shoring production in
the US to reduce the national emergency that is that
we have a massive trade deficit. This putting it at
risks should we need a production in the US because
of a national security crisis, And this is part of
an overall strategy to do that.
Speaker 3 (07:00):
But again, as we've just established, we have a trade
surplus with Brazil, non a deficit, and we've had a
surplus with Brazil for eighteen years.
Speaker 4 (07:09):
If you look at an overall strategy, if you don't
have an overall strategy for this, then they'll be tramshipping
at everything else and you won't achieve your objectives.
Speaker 1 (07:17):
Again, they can badger as much as they want, and
that's exactly what the media is going to do every
time they want to find a reason why, they can.
Speaker 5 (07:25):
Say this is a disaster, that this is unfair.
Speaker 1 (07:29):
Notice ABC News there is literally acting like they are
on behalf talking on behalf of the Brazilian government. Like
they're not on the side of the United States of America,
they are clearly on the side of any other country.
They want Donald Trump to be a failure, They want
Donald Trump to lose. They want Donald Trump to be
(07:50):
blamed for everything that happens. It's possibly in any capacity.
Looks negative and apparently like they're not going to stop.
Folks like they're going to keep going anytime they can
blame Trump for anything. They are going to blame him
for anything. Every single time. I got to ask you
(08:12):
a question, are you one of those that's just so
tired of giving your money to radical left woke companies
that actually are fighting against your values every day? Well,
there are certain bills that you pay every month that
if you can go with a conservative company, why not
do it? In fact, why not go with a conservative
company actually takes part of your bill every month that
(08:34):
you're going to pay to somebody, and they give it
back to organizations that support your First and your Second
Amendment rights, that support the rights of unborn children, that
stand with our military are first responders and so many
wounded warriors that need help. Well, that bill I'm talking
about is your cell phone bill. And I've been telling
(08:56):
you for a long time about Patrion Mobile, but there's
no better time to swim which than right now. Not
only does Patriot Mobile operate on all three major networks
in this country, yeah, all three. That means you get
the same great coverage you're used to right now, but
you also make a difference with every call you make
and every text you make.
Speaker 5 (09:14):
And why would you want to give your money a
big mobile?
Speaker 1 (09:16):
Big Mobile has been giving big donations to democratic causes,
democratic candidates, and radical left organizations. I'm talking about organizations
that actually support abortion. That is why I want you
to switch right now to Patriot Mobile. Go ahead and
make the switch, And it's so easy. All you have
(09:38):
to do is simply call Patriot Mobiles one hundred percent
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if you're still locked in a contract, not a problem.
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(09:59):
what are you waiting for? Call Patriot Mobile today and
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(10:21):
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Speaker 5 (10:30):
Now let's just go back.
Speaker 1 (10:31):
To another aspect outside of what we're seeing with Brazil,
and that deals with the issue of copper. The Presence
made it clear that we are way too dependent on
foreign countries and it puts our national security at risk
on certain types of minerals and metals.
Speaker 5 (10:48):
Et cetera.
Speaker 1 (10:49):
And this was part of the back and forth on
the President talking about these new things, these utiffs. Now,
I think the present's very smart and the way that
he is handling this so far.
Speaker 5 (11:00):
It's been a success.
Speaker 1 (11:02):
Take a listen to what was said again on ABC.
Of course they're saying it's the worst thing in the world.
Speaker 3 (11:07):
Let me ask you about the fifty percent tariff that
the President has imposed on copper imports. Copper, of course,
is a widely used in construction, industrial manufacturing, cars, mobile phones,
and the like. This is what the Wall Street Journal
had to say about these tariffs. Mister Trump is going
to make US firms pay fifty percent more for a
(11:28):
vital metal while they wait five or more years for
US sourcing. How does making it more expensive to build aircraft,
ships and ammunition promote national security? This is national's insecurity.
What's your response to the Wall Street Journal?
Speaker 2 (11:41):
Right?
Speaker 4 (11:41):
The bottom line is that if there is a type
of war, then we need to have the metals that
we need to produce American weapons, and copper is a
key component in many American weapons sets. And so as
we look forward to the threats that America faces, the
President decided that we have plenty of copper in the US,
but not enough copper production. That's why he's taken a
strong step.
Speaker 3 (12:01):
But are you concerned about the effect of higher copper
prices before American manufacturing can get up to speed.
Speaker 4 (12:07):
The fact is that that effect that you're just discussing
is something that you mentioned. That economist said, we're going
to be coming all year these effects and inflation is
way way down In fact, inflation in the US is
right about the same level as it is in Europe. Okay,
And so the tariffs have worked the way that we
said it, So I guess the expectation would be that
the countries and the people that are dumping into the
US would bear most of this tariff.
Speaker 1 (12:29):
Again, you're dealing with the president who has said he
is going to continue to put Americans first. We're going
to put Americans first, no matter what, American workers first,
national security first.
Speaker 5 (12:45):
That is what we are going to do.
Speaker 1 (12:48):
And I absolutely love the fact that you've got a
president that's willing to make these really, really tough decisions.
Speaker 5 (12:58):
And that's what it is.
Speaker 1 (13:00):
The Present's willing to make a decision that is tough,
knowing that he has the backing and the support of
the American people. He's also willing to do things that
many other presents were not willing to do. They what
they really want to do is just kick it the
can down the road. There are these third rail issues
that it's described, and what are third rail issues? There
(13:23):
are issues that people say, hey, just don't go there,
don't touch it. The upside is not worth the pain
on the front end. So just don't do it. Whatever
you do, look the other way and just move on
past it. Don't reform real things. Kick the can. Let
that be somebody else's problem, right, I just let it
(13:44):
be someone else's issue.
Speaker 5 (13:47):
And what the President ran on.
Speaker 1 (13:48):
And what he said was is I'm not going to
kick the can on any of these things. I'm not
going to sit there and say we'll let somebody l
deal with it. That's not what we do here. We
are going to immediately get involved. We're going to immediately
(14:09):
stand up. We're going to immediately change and correct how
we are doing things. And we feel good about it
because the American people understand it, and it's a national
security issue. As you just heard, the President believes that
he's going to do it.
Speaker 5 (14:24):
But there this also goes back to the core issue.
Speaker 1 (14:28):
There are unfortunately far too many countries, for far too
long they were able to put tariffs on America and
hurt America while helping themselves tremendously. And the President said,
I'm not going to let you take advantage of us anymore.
It's that simple. I'm not going to let you take
(14:49):
advantage of us. That's an American first policy. That is
a policy that we should all be so proud of
that is a let's see that we should all be
so happy that we have a president's.
Speaker 5 (15:03):
Going to do it.
Speaker 1 (15:04):
And yes, there is going to be moments in the
market that are going to move in the opposite direction.
And by the way, we're going to talk about that
coming up in a moment, because this is a real
issue when it comes to the markets. And and we
have seen if you stayed in the markets right that
what was the saying that, like, you only lose if
you sell? And what happened when when all of these
tears are announced and the market took a huge dump,
(15:26):
what happened afterwards?
Speaker 5 (15:27):
Pretty quickly afterwards.
Speaker 1 (15:29):
The markets came roaring back and people made a lot
of money. By the way, I'm one of them. I
doubled down. I knew the president was going to do it.
I knew what he meant. I saw the market drop
on a lot of things. I took advantage of it
and invested because I knew that the president was going
to win.
Speaker 5 (15:46):
And so I was very happy, very very happy that.
Speaker 1 (15:51):
We have a present that not only does what he
says he was going to do, and it isn't going
to lie about it and tells you the truth, and
he's like, we're going to do this, like this is
what we are going to do, and he wasn't willing
to compromise on like that. Isn't that the best part
of all, Isn't that exactly what we should want? Is
the president that says they're so I'm gonna do and
(16:12):
I'm not going to back down, and I'm gonna stand
up for the American worker and I'm gonna keep going.
And a lot of people, by the way, these tariffs,
they've not been paying attention to what's going on. They
haven't been I go back to what happened a year ago,
and one year ago it's the assassination attempt anniversary of
Donald Trump in Butler, Pennsylvania, and I think it was
(16:35):
pretty clear then God saved Donald Trump's life to do
exactly what he's doing now. I think God is using
Trump to lead our country back to greatness. And I
think to lead us back to greatness, there's gonna be
some really tough choices and tough fights they are.
Speaker 5 (16:47):
Going to have to happen.
Speaker 1 (16:49):
But when you look at this one year anniversary of
Donald Trump, if you want to know how he's gonna
run this White House and what he's gonna do. He doesn't.
He understands. I think that God saved his life. I
think it's really a big difference between the forty fifth
president and the forty seventh president is there's a different
level of commitment now from this president to do tough
(17:10):
things because he understands that God saved his life. There
are so many around him that credit God for saving
the President. Then House Speaker Mike Johnson, by the way,
Majority Leader John Thune, and a slew of other leaders
in the Republican Party took the ex literally today to
remember this weekend, July thirteenth, and the role they believe
(17:31):
God played that day. Speaker Johnson said, one year ago today,
God miraculous. He spared the life of President Trump. He's
using him to lead our country back to greatness. He's
absolutely right. He shared the video of the moment Trump
was struck in the ear and the moment after in
which he pumped his fist to finally with that bloody face.
Speaker 5 (17:50):
The Senate Leader.
Speaker 1 (17:51):
John Thune, one year ago today, think to the grace
of God, President Trump survived in assassination. Attended Butler, Pennsylvania
on the Somber Anniversary, saying for peace in our nation,
around the world and for the loved ones, uh, he says.
Speaker 5 (18:06):
And by the way, I couldn't agree with him more.
Speaker 1 (18:08):
You look at one year and what this president's done
last year. You want to know he's fighting for He's
fighting for the American people.
Speaker 5 (18:17):
That's what he's doing.
Speaker 1 (18:19):
He is fighting for the for the forgotten men and
women who our government has been screwing for so long.
He's also fighting against people around the world. Vladimir Putiney
was ound about Ladimir Putin before he got an Air
Force one and injers Air Force Base.
Speaker 5 (18:33):
Well, what he had to say about what's going on
with Putin in Ukraine.
Speaker 2 (18:36):
You're going to be announcing us tomorrow.
Speaker 5 (18:39):
Look at it and see what we will see tomorrow.
Speaker 3 (18:41):
Okay, And we have the Secretary of General.
Speaker 5 (18:43):
As you know, Europe has announced sanctions. But I am
very disappointed with President Putin that I thought he was somebody.
Speaker 1 (18:53):
That meant what he said, and he'll talk so beautifully
and then he'll bomb people at night.
Speaker 5 (18:58):
We don't like that. We don't like that.
Speaker 1 (19:01):
So you're now talking about a president who's going to
do apparently what other presidents have not done. You gave
Vladimir Puttin a chance to go for peace. You try
to put it together Vladimir Putin, Unfortunately he's talking about
both sides of his mouth. The President's like, all right, well,
then there's gonna be consequences for that, and here's what
we're gonna do moving forward. And this is just the
way it's gonna be. And they're like, well, what are
you gonna do today? Right, what's gonna happen today. He's
(19:23):
made it very clear what he's gonna do. He's not
messing around the White House coming out fifty percent tariffs
on copper imports. Trum has decided that it's time for
us to protect ourselves on a national security front.
Speaker 5 (19:37):
He's not messing around.
Speaker 1 (19:38):
We're looking at other tariffs with allies, the EU, Canada, etc.
We're gonna chat about what that means for the markets
as well, because that is.
Speaker 5 (19:46):
Something that's gonna affect all of us.
Speaker 1 (19:48):
A good friend of mine, Kurt Elliott with Kurt Elliott
Precious Metals, is joining me now, and Kurt, I one,
I appreciate you coming on, and I've got a lot
of questions I want to ask you tonight, Let's start
with the tariffs. First off, the copper tariffs that we're
hearing about that are at fifty percent, that's that can
obviously have.
Speaker 5 (20:08):
A significant impact of the market.
Speaker 1 (20:10):
What is all of this tariff talk doing when it
comes to the markets, and specifically you you deal with
precious metals gold and silver. We just saw a couple
of days ago headline that gold had reached an all
time you high, three thousand ounces. Since that headline came out,
it's up to three three hundred and change, and yet
silver still seems to be at thirty eight dollars announced
(20:33):
an amazing deal compared to where gold is. But yet
gold keeps going up and now silver is moving as well.
Speaker 6 (20:39):
For is actually dramatically outperforming gold, which in the recent
oh last month or so, and so that I mean
that is like the biggest untold story for investors who
want to protect and preserve and grow and thrive in
this markets of complete uncertainty.
Speaker 1 (20:58):
When you talk about it exploding the way that it has,
what are the factors, Kurt, that have made this this
market explode worldwide? When it comes to gold, I mean,
I've never seen it thirty three one hundred an ounce.
You have it as we're sitting here. I literally have
a gold eagle in my hand. I have one in
my office that's from nineteen thirty three. And if you
(21:21):
bought it in thirty three, it did not cost three
three hundred dollars.
Speaker 2 (21:26):
No, it didn't. It was twenty bucks. Right.
Speaker 6 (21:28):
So, so way back in the day when when gold
and the dollar were convertible, you know, prior to you know,
everything changing getting us off the gold standard, Nipson closing
the gold window, you could go to the store or
the bank and give them one ounce of gold or
a twenty dollar bill. It was equal, right, So to
(21:49):
me as an economist, it's like, okay, what would that
buy you?
Speaker 2 (21:52):
Right? You always have to look at the purchasing power.
Speaker 6 (21:54):
Well, back then, one ounce of gold or a twenty
dollars bill would have bought you a fin tailored men's.
Speaker 2 (22:01):
Suit, shirt, die of belt, and shoes. Right. So fast
forward to today, you.
Speaker 6 (22:05):
Can't even go to Chick fil A for twenty bucks,
but ye one ounce of gold at thirty three hundred
still buys you finally tailored men's suit, shirt, tie.
Speaker 2 (22:13):
Belt, and shoes.
Speaker 6 (22:13):
See, precious metals actually maintain your purchasing power over time,
which to me is the perfect inflationary hedge when when
people are wondering, you know, all this talk about inflation
and boy to put families in America can't can't afford
to live and their their paycheck to paycheck. Well, if
you invest properly, at least you can overcome the inflationary
(22:37):
pressures where the dollar is collapsing, stocks aren't keeping up,
wages haven't been keeping up because of the past administration.
And so when we look at that, it's like, okay,
look at it as an insurance policy against a collapsing currency.
But in addition to that, you've got massive amounts of
growth and what we've seen already. Then to answer or
(23:00):
short little question, what you might long answer, sorry, is
everything that we ever buy.
Speaker 2 (23:05):
Is a function of supplying demand.
Speaker 6 (23:07):
Right, So, you've got central banks around the world which
are allocating not into hundreds, but thousands of tons of gold.
Speaker 2 (23:16):
To be a backstop to their currency.
Speaker 6 (23:18):
The world is changing, We're moving away from central banking
as we know it. And on the silver front, it's
not just a financial metal like gold. It's used for manufacturing,
it's used for stolar it's used.
Speaker 2 (23:31):
For nuclear power.
Speaker 6 (23:32):
It's used in the military industrial complex a ton. It's
used for battery technology, electric vehicles, all electronics, Like every
single flat screen TV you see it best buy, right, that's.
Speaker 2 (23:44):
Got silver in it.
Speaker 6 (23:45):
So that's a diminishing supply. When you have low supply
and high demand, well then prices go up. To me,
that's the bottom line.
Speaker 1 (23:54):
When I look at the market right now, and look,
I was talking about this earlier. With all the tariffs,
there some real big opportunities for investors. I believe President
Trump when he said he was going to do the tariffs,
and I played it, thank goodness, pretty well and was
able to utilize, you know, my investment strategy to my advantage.
I also have been a big fan of gold and
(24:16):
silver for a long time. I have a fair amount
of gold, thank goodness, I do, and silver. But let's
talk about silver for a second. Silver is saying that's
being used in virtually every important thing that we're building.
It's in so many different things, and you've got the
list that it will explain it. And yet we've seen
(24:37):
the price stay relatively low right now, which is phenomenal
for people that are looking long term and protections.
Speaker 6 (24:44):
It is and you know, a few years ago when
we started heavily allocating into silver as a firm, it
was in the upper teens, literally eighteen dollars an ounce.
So in just a three and a half years it's doubled.
But and that's a great investment, right in three and
a half years. To have anything double would be incredible.
(25:04):
But the best is still yet to come because of
the world that we're living in, the increasing demand, the
diminishing supply. I mean, you're seeing projections now from economists everybody,
from Goldman Sachs to people who follow the commodities markets,
to the trading desks around the world thinking silver could
be sixty to one hundred dollars nowns in the next
(25:26):
twelve months, all the way up into the mid one hundreds.
Speaker 2 (25:30):
Well, when you.
Speaker 6 (25:31):
Look at that, why it's not just a pie in
the sky projection. People in those worlds don't ever say
pie in the sky things. When you're working for one
of these big firms, it's simply because they know that the.
Speaker 2 (25:45):
Demand is there.
Speaker 6 (25:45):
And when you look at what some of the big
banks spend have they have massive short positions, and in fact,
they've been suppressing the price of silver for military industrial
complex for decades, literally for decades, and you have these
massive short positions, and so everybody listening, when you have
a short position, if the price goes up, you lose
(26:08):
money hand over fist. Right, Yes, you are betting the
price is going.
Speaker 2 (26:12):
To go down.
Speaker 6 (26:13):
So just one day, in one day last week, four
hundred and eighty three million ounces of silver were shorted
in one day. Perspective, Yeah, to put that into perspective,
that's fifty seven percent of all of the global mining
production in one year. And there is not enough silver
(26:34):
to cover those short positions. So what we're probably going
to see in pretty short order is a massive short squeeze,
which is why these economists are saying silver is actually
about to sort.
Speaker 2 (26:45):
But what's that going to do to the banks.
Speaker 6 (26:48):
They're going to lose money handover fist, and they're already
under capitalized.
Speaker 2 (26:52):
Banks are already under capitalized in.
Speaker 6 (26:54):
America because coming off of COVID in four years of
the Biden administration, where the economy was stinky and they
had travel restrictions and mass mandates and mom and pop
businesses were shutting down everywhere.
Speaker 2 (27:06):
It's like, why do banks fail?
Speaker 6 (27:08):
Banks fail simply because they have more withdrawals coming out
so people can live than deposits going in.
Speaker 2 (27:14):
So that's why banks are failing.
Speaker 6 (27:16):
That's why we saw Silicon Valley and first you know
Republican Credit, Swiss and silver Gate and Signature Bank collapse
a couple of years ago because they had more withdrawals
coming out than deposits going in. Well, this time, with
banks undercapitalized in having this massive short position, I think
we could see bigger bank failures than the regional bank
(27:40):
crisis that we saw a couple of years ago.
Speaker 1 (27:42):
Final question for you, and this deals with people that
maybe are listening tonight and they say, okay, look, I
want to be diversified.
Speaker 5 (27:50):
I want to have not all my egs in one basket.
Speaker 1 (27:54):
There's a lot of I just go say what it
is scumbag comings out there that fear monger and they
take advantage of people, especially seniors. They put they put
all your money in gold and silver. You guys at
kirk Elliot Pressure Nels would never do that. You never
say that you're you're a faith based Christian company. That's
why I love you guys and having you on. But
when you look at this, what should people be looking.
Speaker 5 (28:15):
At right now? Should they just say, let's take a
look and see what there is.
Speaker 6 (28:20):
I would look at silver first and foremost. I think
it's the most undervalued asset on the planet right now
compared to everything that's going on, and everything that we
just talked about is very bullish for the precious metals complex. Now,
not all gold is good gold, not all silver is
good silver.
Speaker 2 (28:40):
So be very very careful.
Speaker 6 (28:41):
For example, you know you you explained it very well
just a second ago. You watch any conservative podcast all
over the country, you're.
Speaker 2 (28:49):
Going to see a gold or silver commercial, right.
Speaker 6 (28:52):
But a lot of these companies are putting people into collectibles.
Speaker 2 (28:56):
There's some kind of a commemorative or it.
Speaker 6 (28:58):
Has somebody's face on it we all know.
Speaker 2 (29:00):
And love, and it's like, oh, this is going to
be great. No, this is the problem.
Speaker 6 (29:04):
To me, I see these invoices from some of these
people that will never ever recover ever because when gold was,
when silver, sorry was in the twenty something dollars announce range,
I was looking at some of these, it's like people
were paying sixty seventy dollars an ounce. Well, nobody wants
those when it comes time to sell, except for the
(29:25):
company that was making a market for them.
Speaker 2 (29:28):
If they were to.
Speaker 6 (29:28):
Sell those back to a depository, they're going to get
melt value, which is less than spot price, because they're
just going to take those things and melt them into
a coiner of bar Right. So here's where you should
have been able to get silver for about thirty dollars
an ounce. When it gets up to seventy dollars an ounce,
all of our clients that bought bullion will have more
than doubled their investment, literally doubled. If you paid seventy
(29:52):
dollars an ounce back, then you're only breaking even. You're
only breaking even when silver hit seventy. I mean, that's
the disaster to me, and it makes me sick to
my stomach.
Speaker 5 (30:02):
I want you guys to go visit the website. They
do great work.
Speaker 1 (30:06):
K e PM dot com slash ben that's k e
p M dot com slash ben. You can find out
more about Kurt Elliott Precious Metals. Kurt, I appreciate you
coming on. We'll have you back on time to time.
But if you want to come, you can get great
intel from great info that.
Speaker 5 (30:23):
Does exactly just said.
Speaker 1 (30:24):
Go to k e PM dot com slash ben k
E p m dot com slash Ben Kurt always a pleasure.
Speaker 5 (30:33):
Don't forget Share this podcast.
Speaker 1 (30:34):
Please with your family and your friends where whoever they are,
and I will see you back here tomorrow
Host
Ben Ferguson
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