Global Finance Forum From Bullion To Borders We Cover It All |EP633

Episode Transcript
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(00:26):
The. None.

(00:59):
Welcome back to the Big Man ShowGlobal Finance Forum of course
the number one finance show on Rumble powered by Genesis Gold
Group with your hosts joining usfor the first time, Bill Armour
from Genesis Gold along with myself, Lance Miliaccio and
George Ballantine. From Bullion to Borders we are
your go to source for cutting edge insights of the world of
finance. Genesis Gold Group believes in

(01:20):
empowering faith driven stewardorship where gold and
silver are an integral part of adiversified portfolio.
Protecting your finances with precious metals has never been
more crucial. Joining us as we explore the
forces shaping global markets, the power of precious metals,
digital assets, and the dynamicsinfluence economies across the
globe. George Ballantine, man, how are

(01:41):
you, brother? Round two of the day, What's
going on bro? It's Friday, right?
Round two. We'll get it done.
I'm still nursing this stupid left eye, but it's all right.
I can see good. When my one eye saw, I got my
one eye. And Jonathan Rose and his new
fella here. I'm going to, yeah.
I just I. Just know, I just know that

(02:03):
Jonathan Rose would not send oneof his workers or one of his
employees, I should say, and that would disappoint.
The big, big show, the big, big mafia, our listeners, he would
not disappoint. So he's going to sing that
Jingle whether he likes it or not.
But that's all right. Let's bring him on.
Welcome to the big, big show, Bill Armour.
He's on the spot now. A lot of pressure, Bill.

(02:24):
A lot of pressure on the show. You can feel it already surging
here. George got you tied into doing
the Jingle. How are you, man?
Thanks for joining us. It's the first time on the show.
What's going on? Feeling great, happy to be here.
Thanks so much for having me youguys.
I'm cool under pressure. That's it exactly.
Well, you, you probably are because you, you served eight
years in the military and military intelligence, you know,

(02:47):
and of course with that kind of background, you do have to keep
it calm and cool. Depends on whether you're doing
any of those ICA reports and what's actually going on.
Maybe give the audience just a little bit of background on
yourself just so they can get caught up.
I know you've been in the bullion markets for about 7 or 8
years, so maybe kind of give them a little other background
on who you are. Yeah, absolutely.

(03:08):
So during the military did 8 years military intelligence, got
out, went to school, got a degree in biblical ministry,
since been in finance and situationally or on the side
their ministry as well did a little bit of vocational
ministry. So been around, seen quite a few
things, know quite a bit and hopefully can can give you guys
some really interesting insight.Yeah, and, and it's interesting.

(03:31):
I, you know what? We did a radio interview with
you and I thought I was actuallyreally impressed with your depth
of knowledge. You know, the markets are always
so, you know, there's only so many different data sets that
really go into determining wherethe markets are going that it
really takes a lot of experiencein bullion markets or even the
regular market, stock market, crypto markets now to really

(03:52):
know what what's going to happen.
But before we kick off, we always talk about, you know,
owning hard assets. We always talk about
diversification in your portfolio.
And one of those pieces is, of course, the prepper bar.
You know, I've said it before, your bank accounts could be gone
by morning. You never know.
This isn't crazy conspiracy theory.
It's about to happen. We talked about it over and over

(04:14):
again on the crypto power out onthis show.
The digital dollar is coming. And with it, the government
gains total control over your money.
But of course, it gets worse. We've talked about the hacking
that happens. Our our financial system is
always under pressure. You never know what's going to
happen with it. They're going to try to cripple
the US dollar in a way that'll make your accounts vanish,
frozen, wiped out. Monitor control.

(04:35):
I don't like the sound of any ofthat.
And the government solution? More control, more surveillance,
less freedom. But here's what they won't tell
You can still protect yourself. I love these bars.
And I'll tell you, the prepper bar is the perfect escape.
They're real, tangible forms of wealth.
They're available in gold and silver.
And yes, they do come with an assay report.
You can hold them, you can tradethem.

(04:56):
You can trust, you can stick it in your sock drawer safety
deposit box. I don't care where you keep
them. Better to have them and not need
them, then need them and not have them.
And the government can't seize it.
No hacker can steal it. Time is ticking.
Need to act now to secure your prepper bars before the
government rolls it out. Their next move.
I know Trump's in the, you know,in the White House, but you

(05:17):
can't tell me that you love every single thing that's going
on in the administration now. Genesis Gold groups on a special
for us. They've been running it for a
while now. Prepper all caps.
That's the promo code. 10% off on the silver, 5% off on the
gold. You head over to the big meat
bar.com or you just take a picture of that QR code.
George makes it easy for you. The reason I love these bars

(05:40):
when Genesis called designed these they made it so you could
just snap off a small piece to make a payment unlike A1 oz
point where you have to have some tin snips to chip off that
corner. It's a very easy system fits
real easily in your wallet. The big make bar.com all caps
prepper for the best deal head over there right after the show,
maybe pick up a few send us a photo.

(06:00):
If you do, we'll put you up on social media and maybe even on
the show all. Right ready, Bill 1.
I'm going to do it with you all.Right, we're doing 3123 break me
off a piece of that prepper bar.He's not even singing.
He's just moving his lips. Come on bro, we're going to do
one more that's. The only.
One we're going to do it one more time Bill, because I got we

(06:22):
I've told you got to do this twice.
You're ready. Come on.
Let's just let's go. All right, 123 break me off
Piece of piece of. That prepper.
Bar. There we go.
Prepper bar. Johnson Rose.
That's twice I want my gold prepper bar before I have to go
and break some pretty. Good for a first time, Bill,
I'll give you, I'll give you a round on that.

(06:43):
How easy. George jumps in with that
Jingle. You know it's his thing.
Lance screws it up all the time so don't worry, but you did a
great and better job than with. George on the on the old Prepper
Bar Jingle. Well, there's a lot going on,
man. And of of course, as always, we
like to cover bricks, you know, bullion, Wall Street, you name
it on the show. But I think we have to start off
with it'd be unexpected and I and I titled this rut row.

(07:06):
I'm thinking of old Shaggy and scooby-doo.
Wholesale prices rose 0.9% in July, much more than expected.
The producer, of course, the producer price index jumped by
almost a full percentage point in July compared to the Dow
Jones estimate for 0.2%. That was the biggest monthly

(07:26):
increase since June. Of course, excluding food and
energy prices, the core PPI rose0.9 against the forecast of 0.2
or 0.3. What do you think?
You know, a lot of people are trying to point the finger at
tariffs. Start with you, Bill.
Tell me what you think. Where, where are we at on this?
Why do you think this happened? Because a lot of people missed

(07:49):
this number. Yeah, absolutely.
I mean, I would, I would first Iwant to address the elephant in
the room that is whenever you'redealing with the the BLS there
and, and CPI numbers and whatnot, there's a long track
record of the numbers not being honest.
So, but eventually they have to get numbers because people won't
believe them. So eventually they have to start

(08:09):
putting these out, you know, andthey're a little more accurate.
So what I would I would argue, and you know, I'm not at at BLS,
but what I would argue it's Bureau of Labor Statistics that
are the ones that put out these CPI reports, etcetera, is that a
lot of this is catch up to Bidenera inflation that was not
represented because they had downplayed that so heavily
during his term. And so it's it's an easy finger

(08:30):
point. And I think it's it's, you know,
a broad goes into a broader discussion of the partisanship
of the BLS, but of them putting together stats, just try and
eventually get them to reflect what they currently exist.
So, you know, I don't know how much of this is actually tied to
the tariffs. I'm sure, you know, it could be
some of it, you know, that's, that's probably undeniable at

(08:51):
some level. But beyond that, I'm always
skeptical whenever numbers are are this far off, you know,
potentially with with what Trumphas done.
It's just been, you know, generally very, very positive.
Yeah. And, and, and you are right
about that. We talk about it often when it
comes to polling. But the same thing with these
numbers. We know there were some
irregularities in the unemployment numbers.

(09:12):
It seems like there's lots of holdovers in the administration.
I agree with you. I don't think these numbers are
accurate. If there is any accuracy, and
I'm meaning that they came on the high side.
I do believe it's that leftover from Joe Biden because, you
know, talk about maybe the worstpresidency in the history of the
United States. Of course, I believe him to be
an installed president, but other than that, didn't do a

(09:33):
good job. Never was a business guy
surrounded himself. What I would think ineffective
leadership within his administration that didn't do
the job. You know, I think it's simple
enough to always point the finger.
Everybody loves to to to villainize Donald Trump, you
know, so how accurate these. I think it's a very good point
you made. I agree with you.

(09:54):
But I think you know, there, there obviously there is some
impact. We are seeing some increases in
prices. You know, you can see it on
Amazon, you can see it on some of the platforms and some
products have risen. Maybe it's knee jerk because of
course we know that the as an example that China is not facing
the tariffs that they will face.I think it's in another 90 days

(10:14):
or maybe it's 75 days now and we're going to see some of this.
There's no doubt. But at the end of the day, we do
need a solution economically, $37 trillion in debt and
counting. George, throw up that media too
and then give me your comments. What do you think?
Media too. Please.
Well, listen, we've seen even like the labor market, job

(10:36):
market numbers there. Now they have to change them up.
I mean, it's hard to believe in any numbers.
But what I seen yesterday come out and I know I talked to you
about this land is the price housing, the housing market.
Now this is kind of sets its ownhas actually slowed down where
buyers are now have the upper hand and they're actually

(10:56):
selling below list because before they were fighting
prices, you know, yes, let's sayexample 200,000 for a house they
were selling for 2/22/40. And I know first hand because it
happened across the street from me.
It's and it's crazy, but now buyers have have the upper hand
and they're selling below cost. So, you know, we don't, we're
not getting the real numbers anywhere from the government.

(11:18):
So it's hard to tell. But you know, the market's going
to be what the market's going tobe.
It's you know, we've seen for the last 6-5 months that because
you know, everybody's panic overtariffs, but then you know, that
fluctuated the market but not realizing back in 2017 trumped
into tariffs and everything was fine just like it is now.

(11:38):
We have so much, we have money coming in or change.
Yeah, and they've been taking it.
They do this globally. I think that's one thing.
Historically we've taken a beating.
They've taken advantage of our weak tariff policies for
decades, really. And you know, I think the
economic indicator of of, of nowhousing slowing down.
Well, look, let's say it, face it, Jerome Powell is doing a

(12:01):
tremendous amount of damage to this economy.
You know, his unwillingness, andI think it's intentional to
lower interest rates is, is definitely going to have an
impact. Now, he sees these numbers and
this is going to be his justification.
Of course, he's going to use this to say, well, This is why
I'm not lowering interest rates.But the truth of the matter is

(12:22):
when you're dealing with a private institution like the
Federal Reserve, even when thosepeople aren't doing a good job,
you can't fire him. And you heard Trump talking
about a civil lawsuit that's going to get filed.
That tells you everything you need to know.
I've always said we need to nationalize the Federal Reserve.
Not necessarily that I want the US government to be the only one
running our money, but why? We're paying a private

(12:42):
institution to print currency where they're charging us for a
Fiat currency at face value after they print it, plus the
printing cost. And then of course, they're
charging us the interest on it when it doesn't even exist.
I'm even questioning whether or not there's any gold in in Fort
Knox at this point. There's supposed to be an audit
with a video, you know, with a video team.
And of course, that never happened.

(13:03):
But when I look at these numbers, I think to myself, OK,
US producer, you know, price index.
What bothers me about this, and then I'll flip to you, William,
is that I'm concerned that here's another thing to just
crack the stock market, crack the crypto market.
You combine this with, you know,Jerome Powell's unwillingness to

(13:24):
lower interest rates, you know, whatever his policy beliefs are,
and it's really damaging for recovery.
And the question is, is it damaging to recovery because
this is these numbers are accurate and Jerome Powell's
right, or is it damaging the theeconomy because it's intentional
to undermine the new administration with Donald
Trump? What do you think?

(13:45):
Absolutely. So, and, and I would just to
clarify, you know, something earlier, while, while who knows,
you know, when these statistics are coming and they're accurate,
I think anyone with a brain can look around and say that things
are getting more expensive, things are getting that this is
the problem. You don't, you don't have to
have exact numbers to know that.So whether or not they've been
bad for a while, whether they'regetting worse, how quickly

(14:06):
they're getting worse, you know,there's some speculation there,
but you can just look at this asa rational person and say, oh,
there's a problem developing here and this doesn't end well.
Now, in terms of Jerome Powell'sstance on this, what he is, the
people he's hurting really are our average everyday Americans,
young people that want to buy homes, pieces like that.
And that is really, you know, asa country where we want to make

(14:27):
sure that people that work hard,you know, pay into the system,
etcetera, are rewarded. And when you keep interest rates
that high, you're a stopping them from starting businesses.
They can't take out loans to start a business.
They can't buy a home. So the people that you're
crushing are the same people that end up renting, right?
And we, you know, we all, I don't know, you know, who's
benefiting from that, you know, BlackRock, etcetera.

(14:48):
Vanguard. Vanguard, I think that this is,
and I do agree with you somewhatof a coordinated effort here.
People are making billions and billions and billions of dollars
by keeping interest rates high and people stuck in the
positions they're in. You know, I saw something, I
think it came off a TikTok. I don't know.
It was a nurse that had an 808 credit score, had a sizeable

(15:11):
down payment written and she wasin RN.
She'd gone for the advanced nursing, you know, licenses, so
clearly should be qualified as afirst time home buyer.
And, and she was talking about that even with her overtime
wages. And we know, and of course we
know that the medical industry, they make a good wage and of
course overtime is really good for them.
She couldn't afford a house. She figured out that even with

(15:34):
her down payment that it just wasn't affordable.
And to me that's that's really that's the ideal home buyer,
right? Eight O 8 credit score really
secure, you know, income stream,you know, good down payment.
That should be somebody. But she was making a comment
that the interest rates had put the the payment up so high that
she didn't feel comfortable in doing it.
Of course, that's why she has an808 credit score.
How much is? She cautious how much does she

(15:56):
make and well how much was the house though, because that.
Didn't go into all those detailsbut.
Factors into it though, like. She was being genuine when it
came to it. And at the end of the the day, I
think the interest rates when you're looking at what's what's,
what's the average 30 year mortgage right now, 4 1/2, five,
no more. Is it more than that?
No, it's like 6. What is it?
Yeah, six to seven, yeah. Yeah, I mean, that's insane,
right? I mean, you look at what that

(16:16):
does to a 30 year mortgage, that's almost double when you
think about it payment wise, right?
Doesn't that double your paymentbasically from what it would be
with normal rates? And, and I don't think Powell
cares. Powell doesn't like Donald
Trump. I think it's a personal
vendetta. I personally believe with agree
with Rand, you know, the rands, of course, Rand Paul and Ron

(16:37):
Paul. I think we ought to nationalize
the Federal Reserve. I think we should end the Fed.
I don't like a private institution controlling it.
And at the end of the day, you know, I don't blame the, you
know, BLS, you know, Donald Trump of course fired him.
Everybody went into a big hooplathat he fired somebody, but he
fired him for inaccurate numbersand I don't blame him.
I don't, I would imagine that this may 'cause somebody to get

(17:00):
fired this time also if they're not accurate.
But what the damage, you're right, is being funneled down.
And I think what's important is we always have to talk about
real world impact. You know, you being the gold
expert you are, I always want toknow what this, what the impact
this is going to be on the bullion markets because George
and I aren't experienced enough to know that.
So, you know, right now gold prices are steady.

(17:20):
Of course the inflation dated delayed, you know, and and and
no, you know, aggressive Fed interest rate cuts.
But gold is at an you know, I think an all time high.
Silver isn't back to the hunt brothers prices, but it's as
high as it's been in a long timewith I think it's what 38 and
change. Is that right?
Yep, you. Got it.
Yeah. So tell me, what do you think
the impact of this news and the fact that Powell now will have

(17:43):
an excuse not to lower interest rates?
Yeah, absolutely. So one thing I would say just
about gold as a whole is that people maybe don't realize this
because we've been on such a a bull run for medals as of late.
But historically gold's best moves come when interest rates
come down. So right now, Powell, you know,
the fact that interest rates have been staying up gold is

(18:05):
people think, oh, well, maybe that's why gold has been going
up so much. Actually the opposite.
Because when people can get money and they can put their
money into ACD, let's say, or Treasury, and then get a great
return on that relatively because, you know, rates are
high, they're less likely to go into tangibles.
So there's less demand. So what we know for a fact is
that interest rates won't stay this high forever.
Powell will be gone, you know, next year.

(18:27):
And then we'll have someone in there that you know, hopefully
aligns more with a realistic view of this country's future
and interest rates will come down.
And when they do, that will be some of the best news you could
ever hope for for gold. So as far as rate staying
steady, not staying steady, the the answer is gold's going to
continue to move positively because of the debt issues, you
know, other countries, bricks, etcetera.

(18:49):
But as another, you know, match to light the fire of gold's
explosion and price, you absolutely know that on the
horizon that's going to be very beneficial for you.
Well, he's going to lower the he's going to lower the interest
rates in September. He's going to drop it some.
He has to. There's no, there's, there's no,
there's no other way of looking at it because all the numbers
that they were looking at, it's just what two people from the

(19:12):
board left. Now Trump is replacing them.
The question is who's he going to replace?
It's Jerome Powell. So I'm saying maybe Scott
Besson, who knows. I don't know if he's a great
pick for that. We'll find out.
But. Well, I, I guess we'll have to
wait and see it. You know, the Federal Reserve is
one of those loose cannons. But I think the case, the case
here really is that even though short term is inflation is going

(19:34):
to push on gold for the moment, I think the case is still long
term bullish, don't you think? Of course, gold's up what, 37 or
8% year to date for the last 12 months, is that correct?
Yep, 36 1/2 percent. Yeah, you're absolutely right.
And then the long term case, we haven't had any big, you know
the people always talk about what gold and silver is being

(19:56):
mined and there haven't been anyreally big reserves found,
right. There haven't been any big new
mining properties or new discoveries, correct?
No, that's correct. I'm glad you asked that.
So we, we do have incredible technology that's able to scan
the Earth's crust for metals. And it's, it's good to a good to
a point it, it can generally identify where there is gold,
but it's not great identifying exactly how much.

(20:17):
And one of the things that we found is, is general estimations
for how much, you know, gold andsilver we have, we're finding
these deposits and they're much smaller than we had anticipated.
So what that means in layman's terms is there's less gold and
silver than we thought. And as you know, as anyone with
an economics, you know, has everbeen to an economics class in
their life or just been around the block, you know, supply and

(20:38):
demand. And so as we find out that
there's less gold and silver, it's a finite resource.
We're not going to, it's not like the Fed where they're just
going to make more of it. So once we're out, once there's
no more to be mined, it is a youhave or you do not have.
Well you know what? Never say never because look at
let's say diamonds, right? How they make lab grown diamonds
now they take it from a little piece of diamond like a crumb.

(21:02):
They just expedite the process of what it would be in the earth
to make it, you know, so you never know what gold is.
Anything's possible. They'll probably, they might
come up with it one day. You know, gold.
Gold's actually not even native to the planet.
It's from asteroids. This is true.
Look this up. It's from they they slam into
the Earth and that's where the deposits of gold come through.
It does not naturally occurring.That is crazy.

(21:22):
I never knew that. I actually didn't know that
we're sitting at what, 3300 high80s?
You might be able to duplicate this somehow, who knows.
Yeah. Well, 33180, I'm looking at the
resistance and support. Of course there's been a lot of
accumulation in that 3300 and 3533, you know 3333 I should

(21:44):
say. The question is what do you
think is going to what's the next breakout level?
We're at 3800 and change since we've had so much support and
consolidation at those numbers, where do you think the next
level is? You know, George thinks we're
way past 4000 come the end of the year. 3800.
Oh, is that what you? Is that your last prediction 30?

(22:05):
838, yeah. Well, you're you, you know, OK,
So what do you think? What do you think for?
The end of the year or just whatthe general receipt?
End of the year. The end of the year, I mean, so
whenever I get this question, the the answer is twofold
because a lot of the things I mean we can have tomorrow, we
can come out and bring, you know, or next month or you know

(22:25):
what not they can have the bricks forum and and things can
change dramatically. So I look at it as, you know, of
course there's going to be steady growth and that 3800 is
probably a pretty reasonable expectation for the end of the
year. But the real moves in in gold
and silver will come when the things that we're waiting for
occur, and that is bricks. That's, you know, you know,
really rapid de dollarization we're experiencing or obviously,

(22:48):
you know, a, a real fiscal disaster here with the, the Fiat
currency. So any of those I, I look at it
not in the stretch of, of, you know, one year, six months, but
in the stretch of, you know, 25,you know, 10 years.
And what is it doing over that? Because those singular events
will manifest in much greater returns than any one thing.
And and with that, you're eitherearly to that or you're late to

(23:09):
that, right? Well, let's talk about for a
minute. Even though Trump, of course,
this new executive order on fourO 1 KS and hard assets, which
opens up the door for more investing.
You guys have been way ahead of the curve.
You got a product that allows people to invest in their four O
1K or their IRA in in hard assets to get delivered right to

(23:29):
their house. Maybe give people a little bit
of that background just so they understand how that product
works. And maybe even touch on, I know
it's hard to because each each case is individual, but I guess
touch on, I know last time Jonathan was on the show, he
thought that everybody should be, if they are investing in
bullion, it should be 70% silver, 30% gold.

(23:50):
Now I know you guys also carry platinum and Palladium.
So if you think exposure to those assets is important, maybe
pepper a little of that in there.
Sure, sure, absolutely. So in, in terms of exposure, you
would really just look at and, and you know why you would maybe
go heavier in silver than gold, you know, like a 7030 split or
so is you would look at the historic tie insurance between

(24:12):
gold and silver. You're looking anywhere from
from 15 when it was when gold was tied here to the dollar was
tied to gold all the way up to about 3035 here historically.
So 35 ounces to 15 ounces is a pretty reasonable place for
silver to equal gold. Now at this current juncture, we
find ourselves closer to 8090. So what does that tell us?
Tells us one of two things, either gold is tremendously

(24:35):
overvalued or silver is tremendously undervalued.
And every technical indicator, every fundamental indicator we
have would say that gold is in fact not overvalued.
It's it's really, it's undervalued.
But silver in particular, then the only logical conclusion
there is silver is dramatically,dramatically undervalued.
And there's a lot of explanations on that, that that
we can get into if we had more time.

(24:55):
But you look at even things likethe JP Morgan silver lawsuit,
the paper silver lawsuit and whythat's staying down.
At some point though, that does materialize and you can see that
come back more into the historicnorms at which point you're
talking about just to, to fall in line with that, you know, 15
to 30 oz to 1 ounce of gold ratio.
That's a, you know, a 2 to 300% return.

(25:16):
So, you know, when that happens,no one has a crystal ball, but
certainly I'd like to be there when it does.
As far as platinum and Palladium, in niche
circumstances, for investors that want to be really
categorically separated, we can definitely help with that.
But as a rule of thumb for most general investors, they're going
to stick to gold and silver. They're a little more reliable
and less volatile. You know, there's been a lot of

(25:38):
stuff in the press that there's a shortage of platinum because
of its uses, you know, medical equipment, electronics.
Any thought that you think that that's going to that that that
disparity in the industrial, theindustrial needs is going to is
going to be, is that starting toreally impact the price right
now? Yeah, absolutely.
We're definitely seeing some of that.

(25:59):
We're still waiting because there's a a report coming out
talking about abundance of of platinum.
So we're kind of waiting on thatbefore we make any large scale
determinations on, on price predictions there.
But you're right, the the industrial use of platinum is
widespread and will continue to be widespread.
But on the flip side, you've gotsilver as well, which you know
they believe the Samsung here that just came out with a new

(26:20):
battery takes a kilo per battery.
It's more effective in in every single way than the lithium ion
batteries. I would, I would make a pretty
strong suggestion that that in fact fully replaces the lithium
ion battery in the next 5 to 10 years.
So that'll be a dramatic increase in the amount of silver
that we're utilizing and therefore a demand or a demand
increase. Silver in the battery, Yes.

(26:40):
Tell them Lance. Well, there's no doubt that
Samsung technology, there's a couple of big manufacturers that
I know are looking at embracing that technology because of
course the efficiency of the battery.
I think you can charge the entire battery in under 10
minutes is what they're claiming.
And and my understanding is you can add about 300 miles of
distance drive because the battery's that much more

(27:02):
efficient. Now, I don't know if that's 100%
true. That's some of the early
reporting. Like, you know, I don't know if
they've got real world tests in different models of cars or not,
but let's talk about silver, theSilver's 38 and change.
You know, we've heard that there's a shortage and that the
shortage is going to get worse. A bunch of people are saying

(27:22):
even though silver fell a littlebit, I know it came back pretty
quickly and there seems to be a ton of support.
I don't think we're going to seethe high 20s anymore, that's for
sure. A lot of people are talking the
basement really anymore is about33 or $34.
I don't know if that's true on your end or what you think.
Let's talk about the green energy.

(27:43):
You know, of course lots of needs for silver and that just
like you mentioned EVs, do you think the lack of any new real
big deposits around the globe, what do you see maybe over the
next 12 months for silver? What's what are your thoughts on
where it's going to head? Right, absolutely.
And just to touch base on on onething you'd said there a moment
ago about the consolidation we're seeing with silver.

(28:05):
The reason this is very different than the last time we
saw all time silver highs is you're seeing much more of a
growth and then consolidation pattern, which is not something
we saw in silver's last bull run.
It was much more of a fanatical response to actually gold's you
know massive drive there. So we're seeing a much more
consistent growth in that, whichis a great sign for the long

(28:25):
term performance of silver as opposed to it just being, you
know, a addish growth. So that's a great sign.
In terms of the, the the growth on silver, I think that we're
looking at at well over $40 obviously in the next month or
so. And then once you break that
$40, a lot of this, particularlywith every $10 you see a
psychological barriers, at leastthat's the historical trend on

(28:48):
these. So you tend to see with gold, it
was 2000, right when it broke 2000 people didn't really it's
too high, it's too high. Then once it got to, you know,
2120220300, eventually people started saying, you know, wait a
minute, this doesn't seem to be slowing down.
And here we are at 3200. So you see those at every check
mark. That's just human psychology.
Once you see that $40 break, youshould see a lot of growth

(29:09):
there. Yeah, regrets.
Most people have regrets. They look back and say why
didn't I buy it at the 18-19 hundred or the 2100?
But you know, you're going to keep doing that as it's moving
right now. We'd love to have the Hunt
Brothers back in the mix. I mean, they pushed silver damn
near up to 48 or $49.00. I don't think it quite made 50
before their whole House of Cards came tumbling down, but I

(29:30):
think that was a 700% increase for where silver was before they
started to go after that market.You know, the, the audience in
general, we, we, a lot of them talk about silver because they
like, you know, because of course the price entry point is
reasonable. If somebody comes to you, you
know, we always talk about diversification for safety.

(29:51):
Do you feel, feel like there's aperfect age, you know, you know,
section of the, of the demographic where people should
be transferring, they're gettingclose to retirement?
Is there an age group that you feel like it's more important
than for them to be, you know, of course risk averse and and
look at hard assets like silver and gold?

(30:11):
Well, certainly. So one of the ways I would frame
it, for instance, is let's say you're someone who has a pension
and Social Security and so your income is fixed there.
Maybe you get, you know, COLA adjustments on your Social
Security, but ultimately your your income is going to be fixed
there for the rest of your life.Now, if inflation is
dramatically going to continue to affect you at some point,
what is good for you now will not be good for you long term,

(30:33):
right? That won't be enough.
So you're going to want something that will grow
alongside this inflation that obviously is a tremendous place
for gold. So generally really that's
retirees, people close to retirement who don't want to see
the big swings in the market. They don't want to see a repeat
of 2008. Now don't get me wrong, I think
everybody should have gold or silver and whether you're you're
20 or or or 90. But at the same time, certainly

(30:56):
the people that need to have gold and silver in a portfolio
in order to diversify are going to the be people that are in the
latter stages, retirement or near retirement.
Yeah, I've got you. And I think that's important
advice. We always talk about it on the
show that diversification is where your safety is, right?
The fact that you don't want to be overweighted at any
particular asset. We talk about crypto a lot and

(31:17):
all the other markets. OK, I know we're getting heading
short to a break here, George. We are.
I was, I was texting Jonathan that he lost and he's like what?
I'm like, yeah, I got the I got on video.
He couldn't believe it. All right, you know, I told him,
I says I put him on a spot, saysI told him You don't want to
disappoint the big, big mafia and every all our listeners.

(31:39):
So, listeners, just. Start my money.
All right. No, listen, he, he promised me
way before you're in a picture and you know.
George has been working him on that gold prep for Barb for a
long time. He's.
Been that, you know, trying to be that slick Brit.
I'm going to call him, you know,so he gave a challenge.
He lost. There's witnesses again.

(31:59):
I don't want to have to go to California and Nevada and just
walk in the office and have to. I don't know, the odds on Polly
Market are not good at him coming off any gold.
You know, he holds on to that gold like he's a leprechaun.
All right, let's go ahead. And I know you.
I know you've got a quick read. You got to do George's
Rock'n'roll. It's cooking time, grilling
time, everybody. Do you have that cooking or
grilling anxiety? You know, that moment of truth

(32:20):
when everyone sits down at the table and brace yourself while
they cut into their meat? I don't know.
Will it? Will there be raw chicken drama?
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How bad does a salmonella get? Oh yeah, that's all changed with
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(33:02):
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(33:44):
You know people BBQ no matter what, they're always on their
phones checking song, right? So you get that little
notification from your Chef IQ app.
You got to turn this take over. Nobody's going to know.
Matter of fact, everybody at a BBQ, $20 how you want your steak
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(34:06):
Family don't get easier than that.
Right, All right, listen, we're going to take a short break and
of course, we come back. We'll be here with Bill Armor,
George Valentin and myself, Lance Miliaccio.
It's the Global Finance Forum powered by Genesis Gold Group.
Don't forget to save those QR codes.
You can head over and grab one of those prepper bars after the
fact. Maybe a chef IQ.

(34:26):
We're also going to give you some information on where to go
to to diversify your portfolio for your IRA and four O 1K.
We might even talk about block trust IRA just a little bit.
We'll see what's going on. You guys want to hear about this
AI technology and how to trade your crypto currencies within
your 4O1K or IRA. Stay tuned, we'll be right back.
Listen, Genesis Gold Group covers it all.
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(38:08):
All right, welcome back to the Big Big Show Global Finance
Forum powered by Genesis Gold Group.
Here we host Lance Migliacho, yours truly George Balancing,
and our guest, none other than from Genesis Gold Group, Bill
Armor. Yeah, that's right.
It's all Americans now. We threw the Brits out.
They couldn't handle it here with us.
But don't forget to hit that thumbs up button, like button
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(39:37):
Take a screenshot. You get that?
A picture of me. Save it to your photo files.
I'll take it Right to block trust IRA, but not now after the
show. We got important business to
handle. All right, look at that.
So you know by Bill, I know you don't have much time left
because I know you've got some appointments you've got to make.
So I want to get your input on this just before you leave.
I think this is a big point bombshell we're supposed to be

(39:59):
making ourselves. The, you know, the, the world's
capital for crypto. Everybody's been very hopeful
about the, the, you know, the change in the SE CS position,
the, you know, the, the legislation that Donald Trump,
the Clarity Act, the Genius Act and some other policies, I

(40:20):
think. Besson, Scott Besson, who's of
course the US Treasury Secretary, I think he screwed
the pooch today. I think that was absolutely the
worst thing he'd have done on aninterview.
You know, everybody thought thatthe strategic crypto reserve was
some of that was going to be purchased.
It was not just going to be assets that had been seized from

(40:41):
criminal enterprises moved into a strategic reserve. the US
government hasn't done a good job of managing those in
general. They've sold a lot of them at
bargain basement prices, tons and tons of Bitcoin.
It would be worth excessive amounts of money from the Silk
Road seizures and other seizures, do you think?
Did did Scott Besson screw the pooch here?
I mean, what do you think about this comment about how the US is

(41:02):
not going to be buying Bitcoin? Well, I, I think it's just a, a
very strange backtracking. I think my interpretation of
this is that there's something we're missing here because it,
it is such AU turn from the, thedirection, you know, what the,
the administration had put out up to this point.
And anytime I see something thatgoes so against the grain in

(41:22):
that way, my next question is why and so screwed the pooch.
Absolutely. Is there more to it?
I would guess so. Well, I have some answers for
you. So first, when Trump announced
they're doing crypto reserves, Bitcoin wasn't part of it.
It was only XRP, Ethereum, a bunch of others.
And when like, you know, people start complaining, they added
Bitcoin. So it's no surprise.

(41:44):
But also Trump with Trump Media Group, they have Bitcoin
reserves. So, you know, if people start
selling off and then all of a sudden he announces that, all
right, we're going to, we're going to start buying it.
How much money are you going to make?
And everybody else, there's always an angle.
There's always something here. So it was never really begin.
It was never really to be Bitcoin in reserves anyway.

(42:05):
It was added on to it. So it's not, it's not no
surprise, but whether they continue to do it or not, just
everybody's going to make money.Well, the Bitcoin, the Bitcoin
Maxis, I think they're, they've got their panties in it and.
I have a feeling though. They're clenching right now
because this goes against everything they had hoped for.
I agree with you. He did mention XRP, Solana and

(42:25):
Ethereum in the very beginning. He didn't mention Bitcoin.
And then of course, he circled back, I think Eric Trump and
Donald Trump Junior said, oh, wait a minute, you can't do
that. The Bitcoin Maxis, I don't know
what happened. Of course, he added it after the
fact. Now, some people on the other
side of the crypto aisle, this would be the last thing, Bill.
And then I know you got to go XRP, Solana and Ethereum, those
people are rejoicing. They are thinking that the

(42:47):
acquisition, we've heard a lot of rumors, not really SO20022
the SWIFT system who's going to be replacing.
Some people think it's going to be link, other people think it's
it's XRP. We know there's 3300 agreements
that have never been publicly announced because of the SEC
case. XRP has made those agreements

(43:07):
with lots of institutions and banks and countries around the
globe. So I don't know.
We'll see what happens. We'll keep an eye on this.
Bills. Thank you so very much for
joining us today, man. Hopefully, we'll have you longer
next time. Appreciate your input and good
luck on closing those deals. Brother with that slave driver
Rose over there, you got it. He's going to be cracking the
whip. He is always cracking the whip

(43:28):
but that's what makes him good at this, That's what makes our
team great at this as we we workvery, very hard.
Yeah, you guys do a great job. Our customers that have signed
up with you, they love you guys.They load the they love the low
pressure environment. So don't forget, maybe ask for
Bill when you call over, don't forget to let him know the Big
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trustira.com. You can head over to the big
minkbar.com. You can head over to the big
Mink gold.com that'll get you over to the IRA tools.

(43:51):
But pretty much everything there, you can do it all.
Ask for Bill, tell him the big Mink show sent you.
Thanks again, man. We appreciate that you.
Bill, you want to go for a thirdtime's a charm?
We did it twice around. It doesn't make any difference.
You already won. I know, but we just want to do
it for our audience. Why not come?
On let's do it all. Right here we go 123, break me
off a piece of that prepper bar.All right, man, I love it for

(44:16):
being such a good boy at work. Appreciate you.
All right, All right, So listen,you know Scott Besson, I think
he screwed the pooch. They're not going to be buying
that declared flatly during thatinterview.
We've got the clip I think, George, don't we?
No. No, we should try to grab that.

(44:38):
I should have put that in there.Let me let me drag it over you
kind of just go on with the story from it.
Let me just grab it you. Don't have to grab it.
What do you want? I have it on my laptop computer.
Which one you want, Scott? Was going to say just the just
that interview clip we had wherehe's talking about that I'll.
Get it? Don't worry, you just keep
going, keep talking. I'll get, I'll grab.
It yeah. So look, this is a stark pivot.
I mean, you know, the hype of a Bitcoin moon mission and that

(45:02):
the US government was going to be actively buying Bitcoin was
the assumption everybody made that they were going to be
actively buying Ethereum, Solana, XRP as part of this
strategic reserve. One guy on social media popped
out with FU Besant. Yeah, he he wasn't that's dark

(45:23):
came from dark Soulja 3323. Then then then of course,
another guy comes out and said he just really pissed off all
the crypto holders that voted for Trump.
Another post raged on about now.Some people rejoiced and they
said now you know, the end game is XRP.

(45:46):
Is that true? I don't know, We'll have to see.
Well, go ahead, George. So I wouldn't get too much of an
frenzy about this because I'm telling you, buy, buy in the dip
of Bitcoin and watch. You're going to make money and
you're going to thank me later. Just buy, buy into the dip
because already went to 124, whatever's down now 1/19/18,

(46:08):
whatever, buy into the dip and you're going to make money
within a week or two and you're going to say, damn, I love
George. Here's the deal.
You don't have to just buy Bitcoin.
Go over to Block Trust IRA and you can actually buy in there
and they use AI to trade it. They're doing much better than a
buy and hold strategy. So if nothing else, go over
there and get educated that Block Trust IRA product.

(46:29):
Animus Technologies won an awardfrom Bitcoin Magazine in 2023.
They run $1,000,000 in seed capital.
They competed I think against 1500 other companies.
It's an amazing product and theytrade 60 different cryptos, but
the AI cryptos they trade currently are Etherium and
Bitcoin. Soon.
I hear XRP. They haven't done it yet.
They're not rolling XRP yet. But I heard his comment.

(46:51):
So in Etherium a lot of people are pretty optimistic.
Etherium hitting all time highs but digital gold?
I don't know. There might be a pause here.
Institutional buying in the ETFstook a hit right after Besson
opened his trap. You know, he said no taxpayer
funded crypto gambling, tweeted hedge fund analyst Bull Vision.

(47:12):
You know that now they're going to rely on seizures.
I have the clip if you want it. Yeah, let's, let's, let's hear
it from the horse's mouth, of course, for the audience all.
Right, here we go. You're talking about number way
above 750 billion. What's the story on Gold You?
Know we we've got this the largegold holding I I doubt we're

(47:32):
going to revalue it, but we are we are going to keep it there
again as a store of value for the American people.
We've also started A to get intothe 21st century a Bitcoin
strategic reserve. We're not going to be buying
that, but we are going to use confiscated assets and continue

(47:53):
to build that up. We're going to stop selling
that. You know, I, I believe that
Bitcoin reserve at today's prices is, is somewhere between
15 and 20 billion. That's it. 1520 billion should
be a lot more. That's why they sold a lot of
it, stupidly, the Silk Road stuff, a lot of that got
liquidity. You know what prior?

(48:13):
To this decision by the administration.
That's not counting the money that that the like the DA still
has a Bitcoin they're holding from seizures.
Yeah, there's a couple of the seizures.
They are Homeland Security. That's not that's not including
that. It should be a lot more.
But listen, I like to keep trackof it to see who's who dipped

(48:34):
into it. You know, I don't trust him, but
we're going to. Keep you on top of this,
especially when keeping with the.
Gold in Fort Knox What gold? Where is the gold in Fort Knox?
There is no. Gold.
He wasn't going to revalue the gold.
Did you hear him say that? Because what?
Did you hear him say he wasn't going to revalue?
That. Asset, yeah, keeping it that
$60.00 an ounce, I think what George?

(48:55):
And I'll take all of it at 60 anounce.
But of course, you know, it's always about, I think fortune
favors the informed is my opinion.
So if you like what you're hearing on this show, you'll
probably love our Crypto Power Hour.
We do this show at 1:00 PM. We usually try to get the
Genesis gold guys on to participate as long as they can.
They're awfully busy over there,which tells you how good the

(49:16):
market is for what they're providing at the end of the day.
Also, we've got the crypto powerhour, 3:00 PM Wednesday and
Friday, every Wednesday and Friday, crypto power.
Now, George says we might be changing the time.
Rumble would like us to maybe move it to a new time slot
because they'd like it in a busier slot because it's doing
so well. It's the number one crypto show
on Rumble right now. So if you want to get educated,

(49:37):
this is spot to be for finance. Let's talk about bricks in 2025,
Jordan navigating tariffs, you know, unity, economic shifts.
You know, Donald Trump says he'snot going to allow this to
happen. He's not going to allow anybody
to undermine the US dollar as the Petro dollar or otherwise.
What do you think, man? World?
You know, I think the world's grappling with a lot of

(49:58):
escalating trade tensions, a lotof kinetic events.
What do you think? Well, you know, Trump's, it's
Trump's meeting with Putin today, you know, over Ukraine.
And he's there in Alaska. I'm pretty sure Brexit is going
to be brought up in this conversation and Trump be like,
yo, Vlad, what are you trying todo, man?
Why are you trying to undermine our US money?

(50:20):
So listen, as long as there are strong leaders in this country
who are leading it, I don't think BRICS is going to do what
it what people think it's going to do.
I'm not worried about it. As long as we have strong
leaders. We have weak leaders and they
see that weakness, of course they're going to pray on that
weakness. Look at the last four years, for
example. And there's been other times,

(50:42):
but you know, bricks is bricks. You can't.
I, I can never mock a country for trying to do something that
they, you know, they do. Personally countries.
I said, well, a country for doing it.
So that means any country. But but look, hold on.
I think United States should should actually go back to the
gold standard. I agree.

(51:04):
So maybe if United States said hell with it, let's just join
bricks and lead bricks. What do you think?
What do you think would happen? We couldn't do that because it
the damage it would do to our dollar as far as being the the
Petro dollar currency would be huge.
We have a solution for the $37 trillion in debt for the Federal

(51:24):
Reserve. Do we have a solution for that?
I don't know. But of course, for everybody out
in the audience might not be familiar with bricks, you have
to look at the alliance. You've got Brazil, Russia,
India, China and South Africa for the initial countries, but a
lot of it's expanded in recent years and there's more countries
joining. You got Egypt, Ethiopia, Iran,
Saudi Arabia, you know, United Arab Emirates.

(51:44):
So you got to look that BRICS now actually represents as an
institution 40% of the global population.
So that's that's a significant share of the world GDP when you
think about it, right? So I think there's no doubt I
agree with you, strong leadership can slow this down.
The question is US tariffs, are they pushing BRICS nations?

(52:06):
You know, maybe sparking what I would consider a unified
response, maybe even a bold escalation because of the tariff
position That I think is justified.
I think we've been screwed over on tariffs for a very long time.
But these nations are using it as a way to say to each other,
well, we can't let them continueto do this.
But he's demanding these trade concessions.
This is what they're saying, notwhat I'm saying.

(52:27):
And I think that's pushing the bridge, the BRICS nations closer
where there has been some division.
You know, China didn't go to thelast meeting.
Russia didn't go to the last meeting, probably because they
were in negotiation over tariffsand didn't want to poke the
lion. You know, they didn't want to
poke the beast. So what do you think with the
with tariffs being in play, do you think that maybe is making

(52:49):
the BRICS nations kind of huddletogether and say, you know, we
can't put up with this? Well, listen, China is trying
to, China's trying to come, cometo a deal with US with the
tariffs. So I don't know if it's if it's
a play. I mean people that are like

(53:10):
India's having, you know, I'm surprised India hasn't made a
deal. What are they waiting on?
What are they doing? I don't know.
But Brazil is Brazil, Russia. I think part of the, you know,
when Trump today and whenever he's talking to Putin, and part
of the that's going to be part of the talks too, is tariffs.
Trump wants to make a deal. He wants to get this war ended

(53:33):
because for a lot of reasons, one, it's sending all our money
weapons is it's not economicallyfeasible anymore.
It's better for the world. But another third, more
important fact, Trump wants thatfor his ego and to get that
Pulitzer Prize because that willseal the deal.
And, you know, he wants that. What, Out of doubt 'cause you

(53:55):
know, yeah, I don't disagree with you.
You know, I think Ukraine lost the way the day it started.
But you know, when you look at bricks, right, and you look at
how these nations are operating almost like a second NATO in
their own way, you know, you look at that sneaky Brazilian
President bastard. You know, Lula da Silva, I don't
like him. I think he was installed.

(54:15):
I think he cheated, but, you know, he's pushing the nation's
behind the scenes. He's been engaged in phone calls
with many of the nations trying to tell him we have to de
dollarize sooner. We have to push for a BRICS
currency sooner to facilitate trade between our countries.
You know, So when you've got somebody like that, you know,
you know, squeaking into everybody's ear, you have to
wonder, right? And of course, they don't like

(54:36):
the tariffs because they've beengetting away with screwing us
for so many decades over tariffs.
But now you've got a new development.
The bank announces they're guaranteed fund to boost
financing the bricks back new Development Bank.
They're set to launch a new guarantee fund aimed at reducing
financing costs and attracting private investments for
infrastructure projects in member states.

(54:58):
Now, as timely as that is, it makes me wonder, you know,
what's Donald Trump's big play? He's been meeting with Brad
Garlinghouse. Brad Garlinghouse after the SEC
settlement just got named to a board of advisors in the White
House for crypto. And I'm wondering, is this all
part of this change over to the ISO 20022, you know, getting rid

(55:19):
of SWIFT? Is this maybe a response?
Because I don't think they can lower the rates low enough to
compete with decentralized finance, George.
And of course, Donald Trump's been very vocal about making us
the central hub for the crypto, you know, metaverse or universe,
call it whatever you want. That's his plan now.
I, I think Scott Besson sent us back today.

(55:40):
I think that was a bad choice onhis part.
But what do you think? Do you think even if this bank,
this initiative through the, the, the new Development Bank, I
don't think this is almost too little too late for me because
of what's going on with, you know, the SWIFT system and XRP
and the other, the other coins that are in that system and the
changeover. That's a tough call.

(56:02):
I mean, I, I have to agree with you on that.
I don't, I think it is too late.You know, when we're talking
about just for example, like, you know, going to the gold
standard, they won't, they won'tdo it in this country and they
won't get rid of the swift and go back to the gold, at least
not the gold standard because there is no gold.

(56:22):
So there's no standard to go with it.
That's the problem. But I think lands like the the
wave of the future and people see it is, you know,
decentralized and that's where that's where we're headed.
Whether anybody, whether the government likes or not, where
there's a well, there's a way with people when we want
something, when we want to get it done, they'll get it done.
That's it. Can't can't, you know, that's

(56:45):
what I'm sorry, I'm just trying to fix something.
No, are things I actually. Agree with you.
So, you know, I think when you look at an era, I think we're in
an era of fracturing alliances, you know, of course, and rising
protectionism. There's many countries that are,
you know, going eat, going introverted.
I think brick stands as a beaconfor emerging economies.
I think they're proving that thecollective action, you know, can

(57:07):
counter unilateral dominance. I think the US has taken
advantage of a lot of these countries in many ways,
petrodollars and otherwise. But I don't think this is an
instant fix. And I don't think China wants to
rock the boat with Donald Trump.I think they're worried about
the consequences of those actions.
They haven't come to the table with guaranteeing they're not
going to be shipping precursor chemicals for, you know,

(57:28):
methamphetamine, fentanyl and car fentanyl yet.
Hopefully that's part of the negotiation.
But right now, Donald Trump is meeting with one of the most
powerful members of Bricks. Of course, Russia and Alaska is
meeting with Putin. And, you know, those guys have
always had a great relationship.They've always been able to get
down to the chase sooner than later because they understand
each other. They respect each other.

(57:49):
You've seen the mutual respect. That can't be good for Bricks no
matter what. So we'll keep an eye on this.
We'll let you know. In the meantime, I think we're
out of time for this show for now, of course, the Global
Finance Forum powered by GenesisGold Group.
We recommend you go over to Genesis Gold Group, look at
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goes Foo bar. All right, George, Last words on
the way out of the gate, brother.
Once again, it's Friday. This is second show.

(01:00:01):
We got third one at 3:00 today. Crypto power on that other
channel. Hope to see you there.
If not, have a blessed weekend. Stay healthy, stay safe and stay
frosty out there. Love yous all Ciao.

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