September 24, 2025 • 14 mins
Kerry Lutz sits down with Michael Arries to explore the latest trends in silver and practical tips for improving video call setups. They discuss silver’s historical price suppression, its current trading near $44, and the potential for it to reach $50 or beyond, highlighting bullish technical indicators and recent resistance breakthroughs. Michael shares his experience navigating the silver market and offers guidance for building a precious metals portfolio. Along the way, Kerry and Michael also touch on ways to enhance video calls—from camera switching to screen sharing—demonstrating how technical know-how can boost both communication and investment insight. Find Michael here: https://mcalvany.com Find Kerry here :https://khlfsn.substack.com and here: https://inflation.cafe Kerry's New Book “The World According to Martin Armstrong – Conversations with the Master Forecaster” is now a #1 Best Seller on Amazon. . Get your copy here: https://amzn.to/4kuC5p5
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Episode Transcript
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Speaker 1 (00:00):
And we see premiums on that right now. So you're
talking about forty percent, We'll sell ninety percent silver right
now because it's also below spot on the wholesale market
where we can get it. So it's as cheap as
you can buy silver versus anything else, even just modern
rounds and bars. And there are times when it does
have a high premium, so like after COVID there was
such a high demand for silver and such a shortage
(00:20):
of supply on the market that we were getting twenty
to thirty percent premiums for the ninety percent. So if
it's dirt cheap like right now, buy it.
Speaker 2 (00:27):
You are listening to Carrie Let's's Financial Survival Network where
you get valuable information you just can't find anywhere else
to thrive in today's trying times. You need the Financial
Survival Network now more than ever. Go to Financial Survivalnetwork
dot com and get your free newsletter and gift. Financial
(00:48):
Survival Network now more than.
Speaker 3 (00:51):
Ever, and welcome you are listening to and watching the
Financial Survival Network. I'm your host, Carrie Lets and Michael
Harry is with us now. You find them at Mchaelvanny
Precious Metals and Michael yes, We've been having this conversation
(01:14):
for a while, saying that things like silver is a
coiled spring or a jack in the box, and it's
going to pop. And I've been saying this for years
and years because we're dealing with a sixty year plus
pattern of suppression and silver.
Speaker 4 (01:30):
Some would argue it goes back.
Speaker 3 (01:32):
Even to the late eighteen hundreds, the demonetization of silver
in terms of the silver gold standard.
Speaker 4 (01:42):
I'm not going to be so out there, but i
will tell you.
Speaker 3 (01:45):
I remember in nineteen sixty five, I was a little kid,
my brother coming in the kitchen and dropping the new
quarters as we call them affectionately in our community, slugs,
and then the old ones. And mind you, I'm seven
years old, eight years old. Here it drops the old
silver ones, the ninety percent, and they like rang out,
(02:09):
and the slugs just were like this dead thump on
the floor.
Speaker 4 (02:14):
And I didn't know that he was educating me.
Speaker 3 (02:16):
He didn't educate himself, but he was kind enough to
educate me about what real money was.
Speaker 4 (02:22):
And here we are.
Speaker 3 (02:24):
Silver is going to be any day now, probably put
on the US government's critical Minerals list. It's trading now
closed last Friday, at forty three bucks. Now it's hair's
breadth from forty four. The circles I travel in, they're
saying fifty and then one hundred. Martin Armstrong said, fifty.
(02:46):
No problems, seventy five. I see triple digits. I don't
want to see it happen in three weeks because that's
a parabolic move that isn't sustainable.
Speaker 4 (02:55):
But over the next six months, what are you seeing.
Speaker 1 (02:58):
Well, that's a good point, Carrie. Yeah, thanks for having
me out again. I appreciate being here. I know I've
read your articles, gosh, going back more than ten years,
maybe when I first heard about you.
Speaker 3 (03:07):
In so you're you're really scaring the hell out of
me now ten years.
Speaker 1 (03:12):
But but yeah, you've been sounding the alarm for a
while and it's it's happened, and you know, we have
a mclvany too, and it's happened in the way we've
you know, thought it would. It's just going to know
exactly when it would happen. But at this point, you know, gosh,
when I first came on your show, whenever it was
a year or two ago, we were probably at you know,
twenty eight thirty dollars silver Now We're at forty three
dollars silver, and that's a big move percentage wise, but
(03:35):
I think from here, I think from here we're heading
beyond fifty. And so this is one of those things
where every year, the last number of years, there's someone
has been saying, we're going to get to fifty dollars
silver by the end of the year, and I always
been like, probably, probably not this year. The technicals have
a long way to go. We've got we've got to
really push through some resistance levels. Now we're at a
point where you probably could reasonably say we're going to
(03:57):
be at fifty by the end of the year. I mean,
now that we're past thirty five it was a big ceiling.
Now that we're past forty, which is a big psychological level,
and it's moving up pretty quick, you know, sometimes a
dollar a day. Yeah, we could actually get to fifty
at this point. And the momentum behind this is so
strong that I don't think we're going to give a
lot of resistance. I have clients calling me saying, oh,
it's going to have a big drop again, let me
(04:18):
sell before that happens, And I'm like, not this time.
Probably we're probably going to blow through fifty without much
of a hiccup and set a big new high because gold.
Here's the thing I'm telling folks. Gold is well beyond
it's twenty eleven highs. You know, it got to nineteen
hundred and change back in twenty eleven. It is pushed
well beyond it's twenty eleven highs and set a new high.
Silver it's not just going to stop it it's twenty
(04:39):
eleven high at fifty, it's gonna go well beyond because
it'll catch up the gold gold. Silver always does the
same thing as gold does. It's not going to get
left behind. It would be the first time ever if
it didn't. So it's gonna go well beyond it's twenty
eleven high, maybe go to sixty or eighty from here
before having any meaningful pause or correction. It's still go
way higher than that.
Speaker 4 (04:58):
I agree with you.
Speaker 1 (04:59):
It'll go to trip digits ultimately. But next yeah, we
see fifty by the end of the year, no problem,
and then the next year if it sets a big
new high like gold has no problem. That's just that's
what the price start is telling us that it's going
to do. We just have to pay attention and just.
Speaker 4 (05:13):
A little anecdote.
Speaker 3 (05:15):
A month ago, I was just buying up forty percent
to Kennedy's below mill value on eBay, and it was
like I'd look after Friday, after the close when it
went up big, and look for people that had existing
listings on there. It's problematical sometimes with the eBay's rules
(05:40):
to actually change your price in the middle of an auction,
so they try to get there's other techniques that he's best,
best off or whatever. But I was buying it's sometimes
five and ten cents below. And I talked to some
so called metals expert. He is an expert, but he's
not really a market expert. He's an expert in product,
(06:03):
but not market and he said, oh, forty percent is garbage.
Nobody wants it, it's too hard to refine, and blah
blah blah. And I said, name withheld by you out
of respect for him, because I don't want to say
anything negative about him.
Speaker 4 (06:17):
I said, hey, man.
Speaker 3 (06:19):
Do you really think silver is not going to go
into shortage? We're in deficit now and I said, yeah, yeah,
I think so. I said, well, what happened the last
time silver went into deficit? To those forty percent Kennedys,
they were trading below melt, and then afterwards they're trading
fifteen to twenty percent above melt. And I still have
(06:39):
one thousand dollars bag of them that I bought in
like two thousand and nine when silver was eight dollars
an ounce. And for stuff that's totally undesirable, it's worth
a lot of money right now. And don't you think
that's going to happen again? No, no, oh yeah, yeah.
Speaker 1 (06:58):
If we get to one hundred dollars over, someone will
melt down your forty percent. It's not going to be John,
you know.
Speaker 4 (07:04):
It'll be two.
Speaker 3 (07:05):
You'll take a two or three percent HAIRCUTA. Yeah, it's
a going to trade over milt.
Speaker 1 (07:12):
And we and we see premiums on that right now.
So you're talking about forty percent, Well, we'll sell ninety
percent silver right now because it's also below spot on
the wholesale market where we can get it. So it's
as cheap as you can buy silver versus anything else,
even just modern rounds and bars. And there are times
when it does have a high premium. So like after COVID,
there was such a high demand for silver and such
(07:33):
a shortage of supply on the market that we were
getting twenty to thirty percent premiums for the ninety percent.
So if it's dirt cheap like right now, buy it.
If it's just silver, that goes.
Speaker 4 (07:42):
Up, great.
Speaker 1 (07:43):
If we get a premium because of the supply and
demand and you get extra twenty percent, even better, and
then you can turn that into more ounces of bars
or just extra cash. So yeah, absolutely buy up that
cheap stuff.
Speaker 4 (07:54):
Now.
Speaker 1 (07:55):
Why you can whatever has a low premium right now
because price is not waiting for us. Our price is
going to keep heading high and.
Speaker 3 (08:00):
You can't buy it under melt on eBay anymore. That
lab that's always an anomalist thing that tells me that
the price is going higher, you know. And we still
have lots of room for compaction, contraction compaction of the
goal to silver ratio, which is still historically you know,
(08:23):
when it hit one hundred and eight, like that was
the moment. And look, I said this, and I actually
have an article. You can check all my archives. Everything
I say, I don't just say it, you can look
at it. But on my sub stack, I think it
was around May twenty something silver hit thirty two bucks.
I said, this is the moment it broke thirty two
(08:44):
fifty technical resistance. It's going byer buy. You know, I'm buying.
I don't tell people what to do. I'm not a
financial advisor, but even if I was, I wouldn't pretend
to say that I know everything. Point is when you
see a chart like you see for silver, and what's
(09:05):
been happening here, Yeah, you.
Speaker 1 (09:07):
Know, oh yeah, this is this is crazy. Yeah and
this yeah, this is this is going to go this
time for sure, Like just the technical price chart, like
you're saying, when you look at it, we've got resistance
levels from you know, twenty twelve that we broke through
back in June, you know, once it got through kind
of the thirty six thirty seven area. You know, we
have momentum from different newsletters like Michael Oliver's letter newsletter
(09:29):
that we're blowing through. We're making these bullflags on the
price chart and they're going up above that and it
keeps pushing higher. I mean, this is this is just
a breakout acceleration trend by any technical definition. It's just
classic textbook and it's not topping, it's not too high.
This is not what you know the end of a
bull market looks like. This is what the beginning of
a bull market looks like. And it's you know, price
(09:51):
is telling us it's going higher and it's just making
a nice clean pattern, has a huge basing pattern here
from the last three four years that it can launch
off of huge cup and handle pattern going all the
way back to the previous size that can take it
much higher. I mean, everything looks so good for silver,
you'd be crazy not to buy it, even even while
it's shooting up higher, even you know, you know it's
(10:11):
forty one now it's just the other day. Now it's
forty three, and it's like, just don't wait for it,
because it's not going to matter. It's not going to
matter at this point when it's seventy or eighty.
Speaker 4 (10:20):
Yep. Exactly. Could not agree with you more here.
Speaker 3 (10:24):
And I assume your business so over there at Micelvany
is doing really well.
Speaker 4 (10:29):
Yep, yep.
Speaker 1 (10:29):
A lot of people have fomo they waited too long,
and now now they're wanted to not miss out anymore.
And other people, other people that know and have benefited
and are up fifty percent and they're wanting to add
more because why not. It's the one thing that's going
to do well.
Speaker 3 (10:42):
So could not agree with you more. I mean, it's
just there's inevitability to it. And really there's just nothing
out there that I don't see anything that's going to
stop it.
Speaker 1 (10:56):
Do you No, No, not really. I mean it's it's
big shift that are taking place that are driving this.
So it's not gonna not going to turn around, not
going to stop anytime soon. But yeah, nothing that's going
to stop. I mean, really, Carrie, we would have to
have we would have to have a whole new Congress,
whole new government and they're going to balance the budget
and stop spending as much and not printing money there
(11:18):
and it's like that's not going to happen, you know,
they would we'd have to go through a major depression
to even get out of the you know, the environment
we're in of being used to all the money printing
and easy credit, like you know, we we would have
to go through the withdrawals as a country from all
the easy money. Like no one's going to do that.
So we're not in any kind of position where metals
(11:40):
are going to go down anytime soon. All all we're
going to do is keep printing money and they're going
to keep going up.
Speaker 4 (11:46):
Yeah.
Speaker 3 (11:46):
I don't see how it happens either, you know, it
just don't because you know, we were stuck in this
proflicacy and nobody wants to do anything about it, right exactly.
Speaker 4 (11:58):
Yeah, no one else.
Speaker 3 (11:59):
To do anything. So that's really a problem. That's the problem, right, yep.
Speaker 1 (12:05):
Yeah, you can't, I mean anyone in the government right now.
They have they have expensive elections they have to go through.
They have big corporate donors that are help paying for that.
They're they're not gonna they're not gonna be like, yeah,
let's balance the budget and go into a recession. They're
just they're not going to do that. No one has
the political will. There's a handful of maybe really conservative
folks in Congress, like the Freedom Caucus, but they don't
(12:27):
they don't have enough. There's not enough of them to
actually do that. And there's not enough political will with
the rest of our government to actually make the hard
choice go through the hard times now before things get
even worse and worse and get on the right track.
And they're just we're going to keep inflating the bubble
until it pops on us, and we have no choice yeah.
Speaker 4 (12:47):
I mean, that's really what it comes down to, isn't it.
Speaker 1 (12:49):
Huh Yeah, yeah, So there's no no chance gold and
silver are going to have a major drought, like virtually
no chance. It's it's not going to happen.
Speaker 4 (12:59):
Yeah, greed.
Speaker 3 (13:00):
All right, So another important question, Michael, where we find you?
How do we connect with you on the web.
Speaker 1 (13:06):
Well, I've got my website here. If anyone can see
the video. If not, go to mcelvany dot com forward
slash Michael McElvaney mc A l v A n Y.
Folks can call me to at nine seven zero four
five nine four six one one. I can call our
text directly nine seven zero four five nine four six
(13:27):
one one, and I'll be happy to advise on just
how to tailor precious metals portfolio for your own needs
and goals.
Speaker 3 (13:34):
So all right, well we appreciate you coming on. Any
questions comments for Michael, just shoot us an email kl
at Kerrie Leuts dot com. We're using substack now. I
sent out a little announcement about it. It's just maintaining
a website. It's just not where it's at anymore. Substack
handles everything your video, your audio, your mailing lists. Everything
(13:59):
is there and I swear by it. Hey, great talking
to you, Michael. We will talk to you again real soon.
Speaker 1 (14:05):
All right, Thanks Gerry, appreciate it. You have a good one.
Speaker 2 (14:07):
Thanks for listening to Carrie Lenz's Financial Survival Network, your
solution to today's trying times. For the latest, go to
Financial Survivalnetwork dot com. Financial Survival Network now more than ever,
And we see premiums on that right now. So you're
talking about forty percent, We'll sell ninety percent silver right
now because it's also below spot on the wholesale market
where we can get it. So it's as cheap as
you can buy silver versus anything else, even just modern
rounds and bars. And there are times when it does
have a high premium, so like after COVID there was
such a high demand for silver and such a shortage
(00:20):
of supply on the market that we were getting twenty
to thirty percent premiums for the ninety percent. So if
it's dirt cheap like right now, buy it.
Speaker 2 (00:27):
You are listening to Carrie Let's's Financial Survival Network where
you get valuable information you just can't find anywhere else
to thrive in today's trying times. You need the Financial
Survival Network now more than ever. Go to Financial Survivalnetwork
dot com and get your free newsletter and gift. Financial
(00:48):
Survival Network now more than.
Speaker 3 (00:51):
Ever, and welcome you are listening to and watching the
Financial Survival Network. I'm your host, Carrie Lets and Michael
Harry is with us now. You find them at Mchaelvanny
Precious Metals and Michael yes, We've been having this conversation
(01:14):
for a while, saying that things like silver is a
coiled spring or a jack in the box, and it's
going to pop. And I've been saying this for years
and years because we're dealing with a sixty year plus
pattern of suppression and silver.
Speaker 4 (01:30):
Some would argue it goes back.
Speaker 3 (01:32):
Even to the late eighteen hundreds, the demonetization of silver
in terms of the silver gold standard.
Speaker 4 (01:42):
I'm not going to be so out there, but i
will tell you.
Speaker 3 (01:45):
I remember in nineteen sixty five, I was a little kid,
my brother coming in the kitchen and dropping the new
quarters as we call them affectionately in our community, slugs,
and then the old ones. And mind you, I'm seven
years old, eight years old. Here it drops the old
silver ones, the ninety percent, and they like rang out,
(02:09):
and the slugs just were like this dead thump on
the floor.
Speaker 4 (02:14):
And I didn't know that he was educating me.
Speaker 3 (02:16):
He didn't educate himself, but he was kind enough to
educate me about what real money was.
Speaker 4 (02:22):
And here we are.
Speaker 3 (02:24):
Silver is going to be any day now, probably put
on the US government's critical Minerals list. It's trading now
closed last Friday, at forty three bucks. Now it's hair's
breadth from forty four. The circles I travel in, they're
saying fifty and then one hundred. Martin Armstrong said, fifty.
(02:46):
No problems, seventy five. I see triple digits. I don't
want to see it happen in three weeks because that's
a parabolic move that isn't sustainable.
Speaker 4 (02:55):
But over the next six months, what are you seeing.
Speaker 1 (02:58):
Well, that's a good point, Carrie. Yeah, thanks for having
me out again. I appreciate being here. I know I've
read your articles, gosh, going back more than ten years,
maybe when I first heard about you.
Speaker 3 (03:07):
In so you're you're really scaring the hell out of
me now ten years.
Speaker 1 (03:12):
But but yeah, you've been sounding the alarm for a
while and it's it's happened, and you know, we have
a mclvany too, and it's happened in the way we've
you know, thought it would. It's just going to know
exactly when it would happen. But at this point, you know, gosh,
when I first came on your show, whenever it was
a year or two ago, we were probably at you know,
twenty eight thirty dollars silver Now We're at forty three
dollars silver, and that's a big move percentage wise, but
(03:35):
I think from here, I think from here we're heading
beyond fifty. And so this is one of those things
where every year, the last number of years, there's someone
has been saying, we're going to get to fifty dollars
silver by the end of the year, and I always
been like, probably, probably not this year. The technicals have
a long way to go. We've got we've got to
really push through some resistance levels. Now we're at a
point where you probably could reasonably say we're going to
(03:57):
be at fifty by the end of the year. I mean,
now that we're past thirty five it was a big ceiling.
Now that we're past forty, which is a big psychological level,
and it's moving up pretty quick, you know, sometimes a
dollar a day. Yeah, we could actually get to fifty
at this point. And the momentum behind this is so
strong that I don't think we're going to give a
lot of resistance. I have clients calling me saying, oh,
it's going to have a big drop again, let me
(04:18):
sell before that happens, And I'm like, not this time.
Probably we're probably going to blow through fifty without much
of a hiccup and set a big new high because gold.
Here's the thing I'm telling folks. Gold is well beyond
it's twenty eleven highs. You know, it got to nineteen
hundred and change back in twenty eleven. It is pushed
well beyond it's twenty eleven highs and set a new high.
Silver it's not just going to stop it it's twenty
(04:39):
eleven high at fifty, it's gonna go well beyond because
it'll catch up the gold gold. Silver always does the
same thing as gold does. It's not going to get
left behind. It would be the first time ever if
it didn't. So it's gonna go well beyond it's twenty
eleven high, maybe go to sixty or eighty from here
before having any meaningful pause or correction. It's still go
way higher than that.
Speaker 4 (04:58):
I agree with you.
Speaker 1 (04:59):
It'll go to trip digits ultimately. But next yeah, we
see fifty by the end of the year, no problem,
and then the next year if it sets a big
new high like gold has no problem. That's just that's
what the price start is telling us that it's going
to do. We just have to pay attention and just.
Speaker 4 (05:13):
A little anecdote.
Speaker 3 (05:15):
A month ago, I was just buying up forty percent
to Kennedy's below mill value on eBay, and it was
like I'd look after Friday, after the close when it
went up big, and look for people that had existing
listings on there. It's problematical sometimes with the eBay's rules
(05:40):
to actually change your price in the middle of an auction,
so they try to get there's other techniques that he's best,
best off or whatever. But I was buying it's sometimes
five and ten cents below. And I talked to some
so called metals expert. He is an expert, but he's
not really a market expert. He's an expert in product,
(06:03):
but not market and he said, oh, forty percent is garbage.
Nobody wants it, it's too hard to refine, and blah
blah blah. And I said, name withheld by you out
of respect for him, because I don't want to say
anything negative about him.
Speaker 4 (06:17):
I said, hey, man.
Speaker 3 (06:19):
Do you really think silver is not going to go
into shortage? We're in deficit now and I said, yeah, yeah,
I think so. I said, well, what happened the last
time silver went into deficit? To those forty percent Kennedys,
they were trading below melt, and then afterwards they're trading
fifteen to twenty percent above melt. And I still have
(06:39):
one thousand dollars bag of them that I bought in
like two thousand and nine when silver was eight dollars
an ounce. And for stuff that's totally undesirable, it's worth
a lot of money right now. And don't you think
that's going to happen again? No, no, oh yeah, yeah.
Speaker 1 (06:58):
If we get to one hundred dollars over, someone will
melt down your forty percent. It's not going to be John,
you know.
Speaker 4 (07:04):
It'll be two.
Speaker 3 (07:05):
You'll take a two or three percent HAIRCUTA. Yeah, it's
a going to trade over milt.
Speaker 1 (07:12):
And we and we see premiums on that right now.
So you're talking about forty percent, Well, we'll sell ninety
percent silver right now because it's also below spot on
the wholesale market where we can get it. So it's
as cheap as you can buy silver versus anything else,
even just modern rounds and bars. And there are times
when it does have a high premium. So like after COVID,
there was such a high demand for silver and such
(07:33):
a shortage of supply on the market that we were
getting twenty to thirty percent premiums for the ninety percent.
So if it's dirt cheap like right now, buy it.
If it's just silver, that goes.
Speaker 4 (07:42):
Up, great.
Speaker 1 (07:43):
If we get a premium because of the supply and
demand and you get extra twenty percent, even better, and
then you can turn that into more ounces of bars
or just extra cash. So yeah, absolutely buy up that
cheap stuff.
Speaker 4 (07:54):
Now.
Speaker 1 (07:55):
Why you can whatever has a low premium right now
because price is not waiting for us. Our price is
going to keep heading high and.
Speaker 3 (08:00):
You can't buy it under melt on eBay anymore. That
lab that's always an anomalist thing that tells me that
the price is going higher, you know. And we still
have lots of room for compaction, contraction compaction of the
goal to silver ratio, which is still historically you know,
(08:23):
when it hit one hundred and eight, like that was
the moment. And look, I said this, and I actually
have an article. You can check all my archives. Everything
I say, I don't just say it, you can look
at it. But on my sub stack, I think it
was around May twenty something silver hit thirty two bucks.
I said, this is the moment it broke thirty two
(08:44):
fifty technical resistance. It's going byer buy. You know, I'm buying.
I don't tell people what to do. I'm not a
financial advisor, but even if I was, I wouldn't pretend
to say that I know everything. Point is when you
see a chart like you see for silver, and what's
(09:05):
been happening here, Yeah, you.
Speaker 1 (09:07):
Know, oh yeah, this is this is crazy. Yeah and
this yeah, this is this is going to go this
time for sure, Like just the technical price chart, like
you're saying, when you look at it, we've got resistance
levels from you know, twenty twelve that we broke through
back in June, you know, once it got through kind
of the thirty six thirty seven area. You know, we
have momentum from different newsletters like Michael Oliver's letter newsletter
(09:29):
that we're blowing through. We're making these bullflags on the
price chart and they're going up above that and it
keeps pushing higher. I mean, this is this is just
a breakout acceleration trend by any technical definition. It's just
classic textbook and it's not topping, it's not too high.
This is not what you know the end of a
bull market looks like. This is what the beginning of
a bull market looks like. And it's you know, price
(09:51):
is telling us it's going higher and it's just making
a nice clean pattern, has a huge basing pattern here
from the last three four years that it can launch
off of huge cup and handle pattern going all the
way back to the previous size that can take it
much higher. I mean, everything looks so good for silver,
you'd be crazy not to buy it, even even while
it's shooting up higher, even you know, you know it's
(10:11):
forty one now it's just the other day. Now it's
forty three, and it's like, just don't wait for it,
because it's not going to matter. It's not going to
matter at this point when it's seventy or eighty.
Speaker 4 (10:20):
Yep. Exactly. Could not agree with you more here.
Speaker 3 (10:24):
And I assume your business so over there at Micelvany
is doing really well.
Speaker 4 (10:29):
Yep, yep.
Speaker 1 (10:29):
A lot of people have fomo they waited too long,
and now now they're wanted to not miss out anymore.
And other people, other people that know and have benefited
and are up fifty percent and they're wanting to add
more because why not. It's the one thing that's going
to do well.
Speaker 3 (10:42):
So could not agree with you more. I mean, it's
just there's inevitability to it. And really there's just nothing
out there that I don't see anything that's going to
stop it.
Speaker 1 (10:56):
Do you No, No, not really. I mean it's it's
big shift that are taking place that are driving this.
So it's not gonna not going to turn around, not
going to stop anytime soon. But yeah, nothing that's going
to stop. I mean, really, Carrie, we would have to
have we would have to have a whole new Congress,
whole new government and they're going to balance the budget
and stop spending as much and not printing money there
(11:18):
and it's like that's not going to happen, you know,
they would we'd have to go through a major depression
to even get out of the you know, the environment
we're in of being used to all the money printing
and easy credit, like you know, we we would have
to go through the withdrawals as a country from all
the easy money. Like no one's going to do that.
So we're not in any kind of position where metals
(11:40):
are going to go down anytime soon. All all we're
going to do is keep printing money and they're going
to keep going up.
Speaker 4 (11:46):
Yeah.
Speaker 3 (11:46):
I don't see how it happens either, you know, it
just don't because you know, we were stuck in this
proflicacy and nobody wants to do anything about it, right exactly.
Speaker 4 (11:58):
Yeah, no one else.
Speaker 3 (11:59):
To do anything. So that's really a problem. That's the problem, right, yep.
Speaker 1 (12:05):
Yeah, you can't, I mean anyone in the government right now.
They have they have expensive elections they have to go through.
They have big corporate donors that are help paying for that.
They're they're not gonna they're not gonna be like, yeah,
let's balance the budget and go into a recession. They're
just they're not going to do that. No one has
the political will. There's a handful of maybe really conservative
folks in Congress, like the Freedom Caucus, but they don't
(12:27):
they don't have enough. There's not enough of them to
actually do that. And there's not enough political will with
the rest of our government to actually make the hard
choice go through the hard times now before things get
even worse and worse and get on the right track.
And they're just we're going to keep inflating the bubble
until it pops on us, and we have no choice yeah.
Speaker 4 (12:47):
I mean, that's really what it comes down to, isn't it.
Speaker 1 (12:49):
Huh Yeah, yeah, So there's no no chance gold and
silver are going to have a major drought, like virtually
no chance. It's it's not going to happen.
Speaker 4 (12:59):
Yeah, greed.
Speaker 3 (13:00):
All right, So another important question, Michael, where we find you?
How do we connect with you on the web.
Speaker 1 (13:06):
Well, I've got my website here. If anyone can see
the video. If not, go to mcelvany dot com forward
slash Michael McElvaney mc A l v A n Y.
Folks can call me to at nine seven zero four
five nine four six one one. I can call our
text directly nine seven zero four five nine four six
(13:27):
one one, and I'll be happy to advise on just
how to tailor precious metals portfolio for your own needs
and goals.
Speaker 3 (13:34):
So all right, well we appreciate you coming on. Any
questions comments for Michael, just shoot us an email kl
at Kerrie Leuts dot com. We're using substack now. I
sent out a little announcement about it. It's just maintaining
a website. It's just not where it's at anymore. Substack
handles everything your video, your audio, your mailing lists. Everything
(13:59):
is there and I swear by it. Hey, great talking
to you, Michael. We will talk to you again real soon.
Speaker 1 (14:05):
All right, Thanks Gerry, appreciate it. You have a good one.
Speaker 2 (14:07):
Thanks for listening to Carrie Lenz's Financial Survival Network, your
solution to today's trying times. For the latest, go to
Financial Survivalnetwork dot com. Financial Survival Network now more than ever,
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