September 16, 2025 • 25 mins
Silver prices have surged due to a confluence of factors, including geopolitical tensions, a weakening dollar, and anticipated Fed rate cuts. A persistent supply deficit, driven by robust industrial demand from solar, EVs, and advanced electronics, further fuels the rally. With potential U.S. stockpiling on the horizon, silver's bullish momentum is expected to continue, targeting key resistance levels.
~This episode is sponsored by iTrust Capital~
iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul
Guest: Andy Schectman | President & Owner of Miles Franklin
Miles Franklin website ➜ https://milesfranklin.com/
Miles Franklin Youtube channel ➜ https://www.youtube.com/@MilesFranklinMedia
00:00 Intro
00:10 Sponsor: iTrust Capital
00:40 45-year mother of all cup and handles
01:25 Silver demand for EV’s & Solar
02:45 Gold/Silver ratio
08:30 Real market cap potential of silver?
14:00 Silver DeFi potential
17:40 Silver breaks $50 in 2025?
19:20 Rate cut a huge mistake?
21:15 Will Silver flip NVIDIA?
23:45 Time to sell Bitcoin/gold for Ethereum/silver?
25:00 Outro
#Crypto #Silver #Ethereum
~Ethereum Igniting 45-Year BREAKOUT on Silver!!!🚨 Andy Schectman INTERVIEW~
⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺
~This episode is sponsored by iTrust Capital~
iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul
Guest: Andy Schectman | President & Owner of Miles Franklin
Miles Franklin website ➜ https://milesfranklin.com/
Miles Franklin Youtube channel ➜ https://www.youtube.com/@MilesFranklinMedia
00:00 Intro
00:10 Sponsor: iTrust Capital
00:40 45-year mother of all cup and handles
01:25 Silver demand for EV’s & Solar
02:45 Gold/Silver ratio
08:30 Real market cap potential of silver?
14:00 Silver DeFi potential
17:40 Silver breaks $50 in 2025?
19:20 Rate cut a huge mistake?
21:15 Will Silver flip NVIDIA?
23:45 Time to sell Bitcoin/gold for Ethereum/silver?
25:00 Outro
#Crypto #Silver #Ethereum
~Ethereum Igniting 45-Year BREAKOUT on Silver!!!🚨 Andy Schectman INTERVIEW~
⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Let's dive into some topics today that I think you
guys do not want to miss. It's going to be
hot and it's all talking about silver. My name is
spaw Baron, Welcome back into the show. Let's get into it.
I do want to thank our sponsor today and that's
I Trust Capital, speaking of silver and gold and also
digital assets. All of that is available over on I
Trust Capital where you can set up your own CRYPTOIRA.
(00:20):
The way you do it is use our link. It's
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it gets into tax planning. So check out I Trust Capital.
Let's go into it today. I do want to lead
off with this chart right here, which is a big one.
(00:44):
And the note is I'm certain about silver being fully
endorsed monetary metal once again. And silver now, of course,
is looking at a cup and handle, you would think, well,
that's a pretty good chart. Problem that's forty five years
in the making for this chart right here. In terms
of the silver quarterly chart going up and this is
the point of today. We are maybe nearing an area
(01:04):
where we're going to start to see some pretty big
action going within silver in general. Part of this could
come from the demand that is being generated around solid
state EV batteries, but also solar plays into this. I
want to play a clip for you. Then we're going
to bring in our guest to talk about where this
could happen or where this could go in terms of
the market and how to affects it.
Speaker 2 (01:24):
Let's go to soil one.
Speaker 3 (01:25):
So silver is the most conductive metal. Silver is used
in electric vehicles from the electronics, to the battery system
to charging components.
Speaker 2 (01:33):
So solid state.
Speaker 3 (01:34):
Batteries will require one thousand grams of silver per vehicle,
so that's twenty times more silver. So Samsung expects commercial
production to begin in twenty twenty six. And as if
that's not exciting enough, silver is used in solar panels.
Speaker 4 (01:49):
OPEC the same year predicted electric vehicle sales would barely increase.
Well they were wrong. Same year, OPEC predicted that it
was just unrealistic think that solar power would ever be
able to compete in costs. Here are all the past
projections of what solar energy was likely to do. And
here is the reality of what has actually happened. It
(02:12):
really is quite extraordinary, my goodness. Nobody could have imagined.
It is by far the cheapest source of electricity in
all of history.
Speaker 1 (02:24):
All right, So a lot happening out there in the
market that could drive this precious metal into the ozone.
And one of the ways that this could happen is
through digital tokenization. And I wanted to bring in our
guest today, and of course that is mister Andy Sheckman.
Speaker 2 (02:38):
How are you good to see if Paul? Thanks for
having me, buddy.
Speaker 1 (02:41):
Yeah, so obviously, Miles Franklin is a big purveyor of
both gold and silver, and you've been watching this market
for quite some time. I look at a couple of
things that's going on in the market right now. I'm
looking at SD bullion right now, which gets a look
at the gold and silver play. And if you look
at where gold and silver have started to go against
each other, this goes all the way back into twenty
(03:03):
elevel where we saw that dip. Are we potentially nearing
that kind of movement in the market where silver is
on the move upward? What's your current position.
Speaker 5 (03:13):
Well, you speak of the silver to gold ratio, and
that's a big one. I mean, look, let's go back
five thousand years. The geological ratio since the beginning of
time has been sixteen to one, and it was that
way for nearly five thousand years.
Speaker 2 (03:27):
In other words, we'll call that God's ratio.
Speaker 5 (03:29):
You dig a big hole in the ground five thousand
years ago and you would receive sixteen ounces of silver
for every one ounce.
Speaker 2 (03:36):
Of gold that you can pull out.
Speaker 5 (03:38):
And even Isaac Newton, when he was developing the ratio
for the mint.
Speaker 2 (03:43):
Hundreds of years ago in the UK, sixteen.
Speaker 5 (03:46):
To one ratio the average price ratio, we'll call that
man's ratio. Really, since the Industrial Revolution, the average has
been about forty five to one, and that's been largely
because silver's role as a industrial metal and gold's role
as monetary metal. And what's really interesting right now is
(04:09):
that it's coming out of the ground.
Speaker 2 (04:11):
According to my friend.
Speaker 5 (04:12):
Keith Neumeyer, who is the CEO of First Majestic Silver,
that it's coming out of the ground at seven to one.
Speaker 2 (04:18):
It is disappearing.
Speaker 5 (04:20):
It's found in nature, like your skin is epidermis. It's
found in nature in a form called epithermal right near
the surface. The big deposits were found forever ago. To me,
what has happened is largely driven by central bank suppression
of silver. And we could talk about this for hours,
(04:42):
but what is really changing right now is the amount
of silver that is being imported into the United States.
I truly do believe that someone grabbed Trump by the
back of the neck and said we must start importing
gold and silver. The rest of the world is onto
what we have been doing now. They have been holding
down silver in my estimation for a very long time
(05:02):
due to the military industrial complexes need for silver. It
goes well beyond electric vehicles, that goes well beyond solar panels.
Speaker 2 (05:10):
I have a very good client who is a.
Speaker 5 (05:13):
Consultant for the Department of Defense who tells me that
there is as much as as much as five hundred
ounces of silver in the cone of the majority of
the high tech cruise missiles, let alone aerospace, let alone
all of the high tech components that are used in military.
This is the reason why eight Western banks eight have
held the largest concentrated shore position in any commodity ever
(05:36):
traded ever in the history of the COMEX. In silver
year to date, Paul, we've seen almost eleven thousand tons
of silver has come into the United States, most of
it coming from London. The amount of silver available in
London right now for delivery the float is one hundred
and fifty one hundred and fifty five million ounces. Yet
(05:57):
they are trading somewhere in the neighborhood of six to
seven hundred million ounces every day. However, reports are that
they only report the final settlement numbers, not the numbers
of trades that go into that final settlement, which would
put it as much as ten times higher. In other words,
they are trading anywhere between six hundred and seven excuse me,
(06:20):
six hundred million and seven hundred million. You can multiply
that by at least ten times. You're talking three and
a half times annual global mind supply every single day
is trading on the LBMA with a float of only
one hundred and fifty million ounce is what could possibly
go wrong? It's a big, big problem. And I would
simply say to you that the gold of silver ratio
(06:43):
represents the opportunity of a generation.
Speaker 2 (06:45):
And I mean that sincerely.
Speaker 5 (06:46):
I'm not trying to sound like a salesman truly, this
is something that Look, this has happened just a couple
of This represents less than one percent of all of history.
This ratio, which for five thousand years was sixteen to one.
Up at this level anywhere near eighty to eighty five,
you're talking like one half of one percent of all
(07:08):
of history.
Speaker 2 (07:09):
Seeing this kind of distortion.
Speaker 5 (07:11):
So yeah, to me, it is the trade and the value,
the asymmetrical value, low downside, high upside of a generation.
In other words, people who have gold would be wise
to consider trading some of it into silver at this ratio.
One last point, when I first saw something like this,
it was twenty ten. It was the first time I
ever saw and it was the first podcast podcast every
(07:32):
Day with Bixwear, And I told everyone at that point, look,
I said, bis, this is the second time in human
history in twenty ten we saw eighty five to one ratio.
So we got to tell everyone to sell their gold.
I'll sell it to the market, convert it to silver.
Speaker 2 (07:47):
Many did.
Speaker 5 (07:48):
Within seven months, you had just bypassed the one hundred
and fifty two hundred year average of roughly forty five
to one to thirty seven to one. So anyone who
would have traded an ounce of gold in middle twenty
ten at eighty five to one. By mid twenty eleven
you had a nine hundred and fifteen dollars gold and
(08:08):
fifty dollars silver. That's thirty seven to one. You would
have we could have traded back into gold with thirty
seven ounces, way over doubling what you started with. So
to me, honest to God, this is a gift that
you only see once or twice if you're lucky in
an investing career.
Speaker 2 (08:24):
So yeah, I.
Speaker 5 (08:25):
Think this is an anomaly of epidemic proportions the silver.
Speaker 1 (08:29):
We showed this earlier, but right there silver d S
and P five hundred ratio. I mean, this is way
down in terms of the undervalue to traditional equity. So
for what we're seeing in the market space right now, now,
many of this will I think go into At least
our audience is going to be looking for tokenized silver.
We've already seen this with a handful of projects out
(08:50):
there that are tokenizing gold and including XAUT and Pax Gold,
So that's something that could really go for And I
think this is the key my predictions we're going to
see token I silver this year. Andy and it may
line up with what's happening in the market in general.
But my question to you is the market cap what
is it for silver right now? Because it still seems
(09:12):
to be an estimated market cap in comparison to what
we do know about gold. Is there a true market
cap for silver?
Speaker 5 (09:19):
I think the market cap on that article that you're
putting up right there, if I'm not mistaken from the
Silver Institute, is full of nonsense because it's giving you
a market cap based upon all of the silver. Ever mind,
the majority of the silver that has been mined since
the beginning of time.
Speaker 2 (09:40):
Is gone. It's destroyed, it's in landfills.
Speaker 5 (09:44):
You used so little of it inside of whatever object
it is that it's being, you know, an iPhone or
the first calculator that you ever use when you are
a kid, that.
Speaker 2 (09:54):
Haird it's all gone or blown up.
Speaker 5 (09:57):
In my opinion, if I had to guess, I would
say that the true market cap of silver is far,
far far if we were to really let the price
come out of silver's role in solar and evs and electronics,
AI dad, all of this stuff. When you factor in
the annual mining production of about eight hundred and twenty
(10:18):
million ounces, which is already running well below demand of
about one point two one point three billion. For five
years in a row, we've seen a structural deficit where
you know, monetary demand and industrial demand is far greater
than supply.
Speaker 2 (10:36):
I think you could say, depends what the price is.
Speaker 5 (10:39):
Let's put silk, let's put gold at five thousand dollars.
Speaker 2 (10:43):
I guess you could say.
Speaker 5 (10:43):
If you put gold at five thousand dollars and you
take the historical market cap, I don't know. I think
you could see a real market cap of doing the math.
I don't know between two and six trillion dollars. It
just depends upon I think it would be multi trillions.
Depends upon whether it becomes both a monetary reserve asset
(11:04):
and a irreplaceable industrial metal. The problem with trying to
define the market cap, Paulice price discovery has been destroyed.
But I will simply say this right now, especially in
the United States, I've been screaming about the amount of
gold and silver that the countries around the world have
been buying, such as Saudi Arabia, China, India, Russia. China
is the second largest producer of silver in the world.
(11:26):
They're flying all around set the Latin America, in particular Peru.
In Mexico, they're buying silver dore and silver concentrate largely
directly from the miners, paying double with the West will
sending it back to China to refine it. They're doing
so to disintermediate the marketplace. But the amount of demand
that we have seen where Russia is adding it publicly
(11:48):
they say we are adding it to our strategic stockpile.
Saudi Arabia just took a huge position in it. India
has bought between seven and eight hundred million ounces over
the last six years, all of these countries using the
suppression of the Western paper price to stand for delivery.
But what makes things so crazy is the amount of
silver that is now coming into the United States. And
(12:08):
in the first three days of the September contract, or
first four days of the September contract, well over two
billion dollars worth of silver was delivered already into the
collmex and we have the whole month of September ahead.
Speaker 2 (12:21):
That was last week.
Speaker 5 (12:22):
I haven't seen the numbers yet this week, but this
has been every single month, as much as four or
five billion dollars worth of silver have been coming in
minimum every single month since the beginning of the year.
Big money in this country and who is it? We
don't hear anything about it. Same thing is true with gold.
There are some very very big money interests that are
(12:42):
standing for delivery and the real target of all of
this is the LBMA, which is literally running on fumes.
One more point to make on the LBMA. For a
good portion of this year, the LBMA, in my opinion,
has been teetering on default.
Speaker 2 (12:56):
Now that's a big statement.
Speaker 5 (12:58):
The LBMA is a t P less one settlement market
where tea is trade plus one is settlement. On the
third day, those bars should be moving your way. The
Bank of England tells us for most of the year
that it's really about T plus six eight weeks now
because there's a shortage of manpower and trucks. We're supposed
to believe that the Bank of England doesn't have anything
(13:18):
in the way of trucks or excess manpower to move
the silver that belongs to these contract holders to where
it should be going. It amounts to getting caught with
their pants down. And this is a trend that we
see accelerating. In my opinion, I think the market cap
really once price discovery rears its head, will be much
(13:40):
higher than people think possible, much higher than the Silver
Institute says. But the real flaw in their metric is
by trying to figure it out based upon all the
silver that's been mined, the majority of it's gone over
the last seventy five years. It's in landfills.
Speaker 1 (13:55):
Well, and this is going to drive into what most
likely will happen if you look back at gold and
when packs g and then also xaut launch, these are
tokenized versions of gold. This is back in twenty and nineteen,
twenty twenty and twenty two, I think it was, and
this is all expanded of course now to where gold
(14:15):
is trading now at thirty six hundred all time high
point being is that silver has never had that kind
of exposure with Based on what you're telling me, which
is this somewhat thwarted growth of where silver could be
going along with now countries starting to acquire it, I
just wonder if we're going to see a whole new
DeFi ecosystem being built on digital silver, basically tokeniz silver.
Speaker 2 (14:40):
So that could be huge.
Speaker 5 (14:41):
Let me address that. Let me address that for a moment.
First of all, silver status is a GIF in good meaning.
As the price rises, demand increases. That's usually not the
way it is with assets, and making the shortages even worse.
Speaker 2 (14:55):
That is a big deal to factor into it. You know.
Speaker 5 (14:59):
Look, silver is already up forty three percent this year
and the dollars down eleven percent. Fifty two million ounces
were delivered into comes this month already with three weeks left.
We have a between a five and a seven percent
lease rate in London right now for available supply. It's
normally one percent or lower. This signals that the big money,
(15:21):
the retail investors, the big money, they're scrambling for real metal,
not empty promises. And the big money above that are
basically saying that your paper.
Speaker 2 (15:30):
Promises are crumbling.
Speaker 5 (15:32):
For the industrial giants, the sovereign wealth funds, all these
big money interesting, we're standing for delivery.
Speaker 2 (15:38):
And then a very.
Speaker 5 (15:39):
Quiet thing happened the other day. Again, this should be
all over the news, but don't tell anyone. The United
States added silver to the Strategic Minerals List. It's now
a strategic mineral. It is not just an industrial metal anymore.
And so when you talk about numbers, when you talk
about real numbers, silver has been one of the most
(16:00):
suppressed medals or commodities on the planet for a long time,
to the point where it's interesting when you talk about
the military industrial complexes role in it, and there's a
fine line between conspiracy and reality. But look at the
largest silver trust in the world SLV, which is literally
the largest silver trust or the largest six one or
two largest dockpile of silver in the world. It's run
(16:23):
by JP Morgan and Blackrock. JP Morgan paid a nine
hundred and twenty million dollar fine to the Justice Department
for suppressing the silver price a few years ago, the
largest fine they had ever held that ever passed out
ever now with Blackrock.
Speaker 2 (16:37):
Involved in it.
Speaker 5 (16:38):
Who owns all of the military weapon manufacturers but Blackrock.
They hold the price of silver down to make high
tech weapons, to sell them all around the world to
NATO and all of the countries to blow up places
like the Ukraine, and then who gets the reconstruction contract,
Oh yeah, it's Blackrock. Now, I'm just simply saying there
(16:58):
is a fine line between conspiracy and reality. And the
more you dig into what silver really offers and why
eight banks would step on the price of silver, this
little tiny commodity to the largest concentrated short position in
the history of the comex market.
Speaker 2 (17:15):
It tells you that silver.
Speaker 5 (17:16):
Is far more important, far more critical, than we are
being led to believe by price alone. And when price
discovery is allowed to manifest, because it is now being
challenged by the majority of the other countries around the world,
the big ones in the global self, they're like, you
know what, we're going to stand for delivery, no more
paper promises.
Speaker 2 (17:34):
And that's changing the narrative. Right here, right in front of.
Speaker 1 (17:37):
Us, silver is starting to edge toward right now, holding
it around forty two dollars as of today. Likelihood of
this going to fifty dollars this year. I'm kind of curious, Andy,
do you feel like we might see that?
Speaker 5 (17:50):
Well, yeah, you know that that cup and handle pattern
that you showed is one of the most powerful technical
setups you can find in markets, and for such a
long timeframe forty five years of suppressed energy to be released,
and it suggests that silver's been coiled like a spring.
And if you take a when you take the cup
(18:12):
and handle, the cup is the long base. In silver's case,
it's from the early nineteen eighties peak of fifty dollars
through the decades of consolidation. The handle is the pullback
or the tightening of the range, and once price breaks
above the rim of the cup, which is fifty, the
pattern signals a whole new, whole new uplet.
Speaker 2 (18:31):
If you take fifty.
Speaker 5 (18:32):
Dollars as the rim and four dollars as are there
even a little lower, just around four dollars as the bottom,
you do the math, you get forty six fifty minus four.
So the breakout above fifty plus forty six would be
ninety six to one hundred dollars would be the initial target.
Do I think it'll bust above fifty, Yeah, I do.
It's it's quietly in fact. On the futures right now.
(18:53):
Let's take a look real quick. The CME futures right
now is forty three zero point seventy five. On the
future is already at forty three, and it's outperforming just
about everything so far this year.
Speaker 1 (19:06):
Yep, outperforming Bitcoin.
Speaker 2 (19:08):
Oh for sure.
Speaker 5 (19:08):
Anybody Nobody knows about it. And that's the craziest thing
pause the lack of mainstream media attention.
Speaker 1 (19:15):
Well, they're going to know about it now because we're
talking about it here on this show. For sure I
want to get into because it has outperformed Bitcoin this year,
obviously outperforming mini digital assets. If we do see which
my prediction, we are going to see a token ised
silver coming soon. If that happens this year, that's going
to engage a lot more investors into it, which, of course,
to your point, is getting back to the idea of
(19:38):
how and where delivery is going to take place around this.
Let me go over to a tweet here real quick,
because this is Peter Schiff, one of your buddies. Silver
just traded forty two. Gold is poised to break.
Speaker 2 (19:50):
A new record.
Speaker 1 (19:51):
This is an unmistakable market signal that the Fed's upcoming
rate cut is a huge mistake. Your opinion on that,
feel like that is the case right now with the
rate cut coming in this week.
Speaker 5 (20:03):
Yes, I do, because typically the Fed cuts interest rates
into a weak economy with stocks well below record highs.
Speaker 2 (20:11):
I would argue maybe that the economy is.
Speaker 5 (20:13):
Weaker than people think with the job revisions that we've
seen of nine hundred and eleven jobs revised. I mean,
this is stagflation, right, but this is going to benefit
the the one percenters, right, And because because those who
have assets should should do very well. The last three
times that we have seen rate cuts, we've seen gold
(20:37):
and silver go up substantially. You know, the rapidly growing
wealth gap only becomes larger, especially as core CPI inflation
is back above three percent and the economy weakening. Bottom line,
falling rates are a symptom of recession fears, not nothing else,
and I think recession, along with rising prices, you're going
(20:58):
to reignite more inflation is a bunch of nonsense. Inflation
is closer to eleven percent than it is three if
you just.
Speaker 2 (21:06):
Use they argument all along. Andy, I'm I'm hundred percent on.
Speaker 1 (21:10):
The same train of thought with you. I'm looking here
at the top assets gold approximately. You can kind of
see it nineteen trill in video holding up their Microsoft, Apple, Amazon,
Bitcoin alphabet, then silver. If in fact this is accurate,
but you're saying it.
Speaker 2 (21:26):
Could be much higher.
Speaker 1 (21:28):
This is very possible where silver could flip places like Google,
maybe even take a run at Bitcoin, maybe even Amazon.
If we start to see the price moderate, or I
should say, the price action go at the level that
you're talking about in the next six months, which could
be the trade of maybe at least the last several
(21:49):
years in terms of performance, and especially I think again,
if we get a token nice silver, it's going to
be huge.
Speaker 2 (21:55):
Paul, I have tried for a long time. This is
why I love talking to you.
Speaker 5 (21:59):
I mean, you're so someone who has an open mind
enough to listen to both sides. And this is the
whole idea, This is why I brought Michelle McClory, and
this is the whole idea that I have, is that
all of our portfolios are stronger, our understanding of monetary
events are stronger, our argument is stronger if we combine
(22:19):
the two. It doesn't have to be just digital assets
like bitcoin. It doesn't have to be just physical hard
assets like gold and silver. But I do believe that silver,
in my mind, is the value of a generation. It
would be very wise for people to whether or not
it outperforms in terms of its market cap, whether or
not real price discovery finds itself, everything that they are
(22:43):
doing to keep it blurred from everyone, everything they are
doing to hold it down, everything that we are seeing
on the LBMA should tell people who have done very
well in the crypto space, take a little bit of
that profit out, put it in physical metal, put it
on the other side of the table, because largely we
both see the world the.
Speaker 2 (23:01):
Same way we do.
Speaker 5 (23:03):
And I think having something physical in your possession that
is disappearing in nature, it is depleting in nature from
sixteen to one for five thousand years down to seven
to one, yet trading at eighty five or eighty eight
to one because of the stupid central commercial and central
banks that are suppressing it for the Western the West's good.
Speaker 2 (23:23):
I don't know.
Speaker 5 (23:23):
I don't think you get a setup like this very often.
And whether or not it outperforms or that's not the
idea of the idea is this is a generational opportunity
to take some profity.
Speaker 2 (23:34):
From here and go to here and leave your initial
bet there. I don't know. I just think it makes your.
Speaker 5 (23:39):
Whole portfolio hole hell of a bit stronger when price
discovery fines itself.
Speaker 1 (23:43):
Yeah, so okay, So if we were, if we were
trying to manage your portfolio right now, Andy, and I've
got golden Bitcoin on one side, and I've got this
which are both high performing right now, and then I've
got silver and Ethereum over here on this other side.
Ethereum at its all time high repressed a little bit
silver clearly an opportunity. Would you go ahead and move
(24:06):
some of those golden bitcoin assets over to eth and silver?
Speaker 5 (24:10):
Yeah, why not. That's how you succeed in investing. You
take some you reposition from. Look, pigs get fed, hogs
get slaughtered. I'm not saying get rid of those positions,
but yeah, take some of the froth off and put
it into undervalued assets in essence, have the exact same story.
And yes, that is how you do it. And people
(24:30):
are often they don't They're not one am I trying
to say? They act after they see the move. Truly
successful investors do so before it becomes obvious to the mainstream.
Speaker 2 (24:42):
Yes, it's being proactive rather than reactive. I like it.
Speaker 1 (24:46):
Andy Schachman coming in for Miles Franklin. You guys, of
course can go check out Miles Franklin. They sell of
course gold and silver over there. So Andy, thanks for
coming in today. We appreciate it.
Speaker 5 (24:55):
It's always a pleasure, Paul, I really do appreciate it.
I love your viewpoint on the world and how open
you are to everything. So thank you for letting me
be a little piece of what you're doing. And I
look forward to picking up where we left off, not
too far down the road.
Speaker 1 (25:07):
All right, you got it, Thanks Andy. You guys jump
into the joint joining the Diamond Circle. This is our
own private group that you guys can become part of
and it's absolutely free. There's no fees or anything out
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(25:29):
all built on what our research is doing, what I'm
doing in the market. So joined, it's very easy to
do that. And of course follow me out there on
X at Paul Baron. We'll catch you next time right
here on the Paul Baron Show.
Speaker 2 (25:40):
Thanks
Let's dive into some topics today that I think you
guys do not want to miss. It's going to be
hot and it's all talking about silver. My name is
spaw Baron, Welcome back into the show. Let's get into it.
I do want to thank our sponsor today and that's
I Trust Capital, speaking of silver and gold and also
digital assets. All of that is available over on I
Trust Capital where you can set up your own CRYPTOIRA.
(00:20):
The way you do it is use our link. It's
going to give you a one hundred dollars funding reward
and YouTube can join another fourteen billion in transactions and
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course this is going to give you some advantages when
it gets into tax planning. So check out I Trust Capital.
Let's go into it today. I do want to lead
off with this chart right here, which is a big one.
(00:44):
And the note is I'm certain about silver being fully
endorsed monetary metal once again. And silver now, of course,
is looking at a cup and handle, you would think, well,
that's a pretty good chart. Problem that's forty five years
in the making for this chart right here. In terms
of the silver quarterly chart going up and this is
the point of today. We are maybe nearing an area
(01:04):
where we're going to start to see some pretty big
action going within silver in general. Part of this could
come from the demand that is being generated around solid
state EV batteries, but also solar plays into this. I
want to play a clip for you. Then we're going
to bring in our guest to talk about where this
could happen or where this could go in terms of
the market and how to affects it.
Speaker 2 (01:24):
Let's go to soil one.
Speaker 3 (01:25):
So silver is the most conductive metal. Silver is used
in electric vehicles from the electronics, to the battery system
to charging components.
Speaker 2 (01:33):
So solid state.
Speaker 3 (01:34):
Batteries will require one thousand grams of silver per vehicle,
so that's twenty times more silver. So Samsung expects commercial
production to begin in twenty twenty six. And as if
that's not exciting enough, silver is used in solar panels.
Speaker 4 (01:49):
OPEC the same year predicted electric vehicle sales would barely increase.
Well they were wrong. Same year, OPEC predicted that it
was just unrealistic think that solar power would ever be
able to compete in costs. Here are all the past
projections of what solar energy was likely to do. And
here is the reality of what has actually happened. It
(02:12):
really is quite extraordinary, my goodness. Nobody could have imagined.
It is by far the cheapest source of electricity in
all of history.
Speaker 1 (02:24):
All right, So a lot happening out there in the
market that could drive this precious metal into the ozone.
And one of the ways that this could happen is
through digital tokenization. And I wanted to bring in our
guest today, and of course that is mister Andy Sheckman.
Speaker 2 (02:38):
How are you good to see if Paul? Thanks for
having me, buddy.
Speaker 1 (02:41):
Yeah, so obviously, Miles Franklin is a big purveyor of
both gold and silver, and you've been watching this market
for quite some time. I look at a couple of
things that's going on in the market right now. I'm
looking at SD bullion right now, which gets a look
at the gold and silver play. And if you look
at where gold and silver have started to go against
each other, this goes all the way back into twenty
(03:03):
elevel where we saw that dip. Are we potentially nearing
that kind of movement in the market where silver is
on the move upward? What's your current position.
Speaker 5 (03:13):
Well, you speak of the silver to gold ratio, and
that's a big one. I mean, look, let's go back
five thousand years. The geological ratio since the beginning of
time has been sixteen to one, and it was that
way for nearly five thousand years.
Speaker 2 (03:27):
In other words, we'll call that God's ratio.
Speaker 5 (03:29):
You dig a big hole in the ground five thousand
years ago and you would receive sixteen ounces of silver
for every one ounce.
Speaker 2 (03:36):
Of gold that you can pull out.
Speaker 5 (03:38):
And even Isaac Newton, when he was developing the ratio
for the mint.
Speaker 2 (03:43):
Hundreds of years ago in the UK, sixteen.
Speaker 5 (03:46):
To one ratio the average price ratio, we'll call that
man's ratio. Really, since the Industrial Revolution, the average has
been about forty five to one, and that's been largely
because silver's role as a industrial metal and gold's role
as monetary metal. And what's really interesting right now is
(04:09):
that it's coming out of the ground.
Speaker 2 (04:11):
According to my friend.
Speaker 5 (04:12):
Keith Neumeyer, who is the CEO of First Majestic Silver,
that it's coming out of the ground at seven to one.
Speaker 2 (04:18):
It is disappearing.
Speaker 5 (04:20):
It's found in nature, like your skin is epidermis. It's
found in nature in a form called epithermal right near
the surface. The big deposits were found forever ago. To me,
what has happened is largely driven by central bank suppression
of silver. And we could talk about this for hours,
(04:42):
but what is really changing right now is the amount
of silver that is being imported into the United States.
I truly do believe that someone grabbed Trump by the
back of the neck and said we must start importing
gold and silver. The rest of the world is onto
what we have been doing now. They have been holding
down silver in my estimation for a very long time
(05:02):
due to the military industrial complexes need for silver. It
goes well beyond electric vehicles, that goes well beyond solar panels.
Speaker 2 (05:10):
I have a very good client who is a.
Speaker 5 (05:13):
Consultant for the Department of Defense who tells me that
there is as much as as much as five hundred
ounces of silver in the cone of the majority of
the high tech cruise missiles, let alone aerospace, let alone
all of the high tech components that are used in military.
This is the reason why eight Western banks eight have
held the largest concentrated shore position in any commodity ever
(05:36):
traded ever in the history of the COMEX. In silver
year to date, Paul, we've seen almost eleven thousand tons
of silver has come into the United States, most of
it coming from London. The amount of silver available in
London right now for delivery the float is one hundred
and fifty one hundred and fifty five million ounces. Yet
(05:57):
they are trading somewhere in the neighborhood of six to
seven hundred million ounces every day. However, reports are that
they only report the final settlement numbers, not the numbers
of trades that go into that final settlement, which would
put it as much as ten times higher. In other words,
they are trading anywhere between six hundred and seven excuse me,
(06:20):
six hundred million and seven hundred million. You can multiply
that by at least ten times. You're talking three and
a half times annual global mind supply every single day
is trading on the LBMA with a float of only
one hundred and fifty million ounce is what could possibly
go wrong? It's a big, big problem. And I would
simply say to you that the gold of silver ratio
(06:43):
represents the opportunity of a generation.
Speaker 2 (06:45):
And I mean that sincerely.
Speaker 5 (06:46):
I'm not trying to sound like a salesman truly, this
is something that Look, this has happened just a couple
of This represents less than one percent of all of history.
This ratio, which for five thousand years was sixteen to one.
Up at this level anywhere near eighty to eighty five,
you're talking like one half of one percent of all
(07:08):
of history.
Speaker 2 (07:09):
Seeing this kind of distortion.
Speaker 5 (07:11):
So yeah, to me, it is the trade and the value,
the asymmetrical value, low downside, high upside of a generation.
In other words, people who have gold would be wise
to consider trading some of it into silver at this ratio.
One last point, when I first saw something like this,
it was twenty ten. It was the first time I
ever saw and it was the first podcast podcast every
(07:32):
Day with Bixwear, And I told everyone at that point, look,
I said, bis, this is the second time in human
history in twenty ten we saw eighty five to one ratio.
So we got to tell everyone to sell their gold.
I'll sell it to the market, convert it to silver.
Speaker 2 (07:47):
Many did.
Speaker 5 (07:48):
Within seven months, you had just bypassed the one hundred
and fifty two hundred year average of roughly forty five
to one to thirty seven to one. So anyone who
would have traded an ounce of gold in middle twenty
ten at eighty five to one. By mid twenty eleven
you had a nine hundred and fifteen dollars gold and
(08:08):
fifty dollars silver. That's thirty seven to one. You would
have we could have traded back into gold with thirty
seven ounces, way over doubling what you started with. So
to me, honest to God, this is a gift that
you only see once or twice if you're lucky in
an investing career.
Speaker 2 (08:24):
So yeah, I.
Speaker 5 (08:25):
Think this is an anomaly of epidemic proportions the silver.
Speaker 1 (08:29):
We showed this earlier, but right there silver d S
and P five hundred ratio. I mean, this is way
down in terms of the undervalue to traditional equity. So
for what we're seeing in the market space right now, now,
many of this will I think go into At least
our audience is going to be looking for tokenized silver.
We've already seen this with a handful of projects out
(08:50):
there that are tokenizing gold and including XAUT and Pax Gold,
So that's something that could really go for And I
think this is the key my predictions we're going to
see token I silver this year. Andy and it may
line up with what's happening in the market in general.
But my question to you is the market cap what
is it for silver right now? Because it still seems
(09:12):
to be an estimated market cap in comparison to what
we do know about gold. Is there a true market
cap for silver?
Speaker 5 (09:19):
I think the market cap on that article that you're
putting up right there, if I'm not mistaken from the
Silver Institute, is full of nonsense because it's giving you
a market cap based upon all of the silver. Ever mind,
the majority of the silver that has been mined since
the beginning of time.
Speaker 2 (09:40):
Is gone. It's destroyed, it's in landfills.
Speaker 5 (09:44):
You used so little of it inside of whatever object
it is that it's being, you know, an iPhone or
the first calculator that you ever use when you are
a kid, that.
Speaker 2 (09:54):
Haird it's all gone or blown up.
Speaker 5 (09:57):
In my opinion, if I had to guess, I would
say that the true market cap of silver is far,
far far if we were to really let the price
come out of silver's role in solar and evs and electronics,
AI dad, all of this stuff. When you factor in
the annual mining production of about eight hundred and twenty
(10:18):
million ounces, which is already running well below demand of
about one point two one point three billion. For five
years in a row, we've seen a structural deficit where
you know, monetary demand and industrial demand is far greater
than supply.
Speaker 2 (10:36):
I think you could say, depends what the price is.
Speaker 5 (10:39):
Let's put silk, let's put gold at five thousand dollars.
Speaker 2 (10:43):
I guess you could say.
Speaker 5 (10:43):
If you put gold at five thousand dollars and you
take the historical market cap, I don't know. I think
you could see a real market cap of doing the math.
I don't know between two and six trillion dollars. It
just depends upon I think it would be multi trillions.
Depends upon whether it becomes both a monetary reserve asset
(11:04):
and a irreplaceable industrial metal. The problem with trying to
define the market cap, Paulice price discovery has been destroyed.
But I will simply say this right now, especially in
the United States, I've been screaming about the amount of
gold and silver that the countries around the world have
been buying, such as Saudi Arabia, China, India, Russia. China
is the second largest producer of silver in the world.
(11:26):
They're flying all around set the Latin America, in particular Peru.
In Mexico, they're buying silver dore and silver concentrate largely
directly from the miners, paying double with the West will
sending it back to China to refine it. They're doing
so to disintermediate the marketplace. But the amount of demand
that we have seen where Russia is adding it publicly
(11:48):
they say we are adding it to our strategic stockpile.
Saudi Arabia just took a huge position in it. India
has bought between seven and eight hundred million ounces over
the last six years, all of these countries using the
suppression of the Western paper price to stand for delivery.
But what makes things so crazy is the amount of
silver that is now coming into the United States. And
(12:08):
in the first three days of the September contract, or
first four days of the September contract, well over two
billion dollars worth of silver was delivered already into the
collmex and we have the whole month of September ahead.
Speaker 2 (12:21):
That was last week.
Speaker 5 (12:22):
I haven't seen the numbers yet this week, but this
has been every single month, as much as four or
five billion dollars worth of silver have been coming in
minimum every single month since the beginning of the year.
Big money in this country and who is it? We
don't hear anything about it. Same thing is true with gold.
There are some very very big money interests that are
(12:42):
standing for delivery and the real target of all of
this is the LBMA, which is literally running on fumes.
One more point to make on the LBMA. For a
good portion of this year, the LBMA, in my opinion,
has been teetering on default.
Speaker 2 (12:56):
Now that's a big statement.
Speaker 5 (12:58):
The LBMA is a t P less one settlement market
where tea is trade plus one is settlement. On the
third day, those bars should be moving your way. The
Bank of England tells us for most of the year
that it's really about T plus six eight weeks now
because there's a shortage of manpower and trucks. We're supposed
to believe that the Bank of England doesn't have anything
(13:18):
in the way of trucks or excess manpower to move
the silver that belongs to these contract holders to where
it should be going. It amounts to getting caught with
their pants down. And this is a trend that we
see accelerating. In my opinion, I think the market cap
really once price discovery rears its head, will be much
(13:40):
higher than people think possible, much higher than the Silver
Institute says. But the real flaw in their metric is
by trying to figure it out based upon all the
silver that's been mined, the majority of it's gone over
the last seventy five years. It's in landfills.
Speaker 1 (13:55):
Well, and this is going to drive into what most
likely will happen if you look back at gold and
when packs g and then also xaut launch, these are
tokenized versions of gold. This is back in twenty and nineteen,
twenty twenty and twenty two, I think it was, and
this is all expanded of course now to where gold
(14:15):
is trading now at thirty six hundred all time high
point being is that silver has never had that kind
of exposure with Based on what you're telling me, which
is this somewhat thwarted growth of where silver could be
going along with now countries starting to acquire it, I
just wonder if we're going to see a whole new
DeFi ecosystem being built on digital silver, basically tokeniz silver.
Speaker 2 (14:40):
So that could be huge.
Speaker 5 (14:41):
Let me address that. Let me address that for a moment.
First of all, silver status is a GIF in good meaning.
As the price rises, demand increases. That's usually not the
way it is with assets, and making the shortages even worse.
Speaker 2 (14:55):
That is a big deal to factor into it. You know.
Speaker 5 (14:59):
Look, silver is already up forty three percent this year
and the dollars down eleven percent. Fifty two million ounces
were delivered into comes this month already with three weeks left.
We have a between a five and a seven percent
lease rate in London right now for available supply. It's
normally one percent or lower. This signals that the big money,
(15:21):
the retail investors, the big money, they're scrambling for real metal,
not empty promises. And the big money above that are
basically saying that your paper.
Speaker 2 (15:30):
Promises are crumbling.
Speaker 5 (15:32):
For the industrial giants, the sovereign wealth funds, all these
big money interesting, we're standing for delivery.
Speaker 2 (15:38):
And then a very.
Speaker 5 (15:39):
Quiet thing happened the other day. Again, this should be
all over the news, but don't tell anyone. The United
States added silver to the Strategic Minerals List. It's now
a strategic mineral. It is not just an industrial metal anymore.
And so when you talk about numbers, when you talk
about real numbers, silver has been one of the most
(16:00):
suppressed medals or commodities on the planet for a long time,
to the point where it's interesting when you talk about
the military industrial complexes role in it, and there's a
fine line between conspiracy and reality. But look at the
largest silver trust in the world SLV, which is literally
the largest silver trust or the largest six one or
two largest dockpile of silver in the world. It's run
(16:23):
by JP Morgan and Blackrock. JP Morgan paid a nine
hundred and twenty million dollar fine to the Justice Department
for suppressing the silver price a few years ago, the
largest fine they had ever held that ever passed out
ever now with Blackrock.
Speaker 2 (16:37):
Involved in it.
Speaker 5 (16:38):
Who owns all of the military weapon manufacturers but Blackrock.
They hold the price of silver down to make high
tech weapons, to sell them all around the world to
NATO and all of the countries to blow up places
like the Ukraine, and then who gets the reconstruction contract,
Oh yeah, it's Blackrock. Now, I'm just simply saying there
(16:58):
is a fine line between conspiracy and reality. And the
more you dig into what silver really offers and why
eight banks would step on the price of silver, this
little tiny commodity to the largest concentrated short position in
the history of the comex market.
Speaker 2 (17:15):
It tells you that silver.
Speaker 5 (17:16):
Is far more important, far more critical, than we are
being led to believe by price alone. And when price
discovery is allowed to manifest, because it is now being
challenged by the majority of the other countries around the world,
the big ones in the global self, they're like, you
know what, we're going to stand for delivery, no more
paper promises.
Speaker 2 (17:34):
And that's changing the narrative. Right here, right in front of.
Speaker 1 (17:37):
Us, silver is starting to edge toward right now, holding
it around forty two dollars as of today. Likelihood of
this going to fifty dollars this year. I'm kind of curious, Andy,
do you feel like we might see that?
Speaker 5 (17:50):
Well, yeah, you know that that cup and handle pattern
that you showed is one of the most powerful technical
setups you can find in markets, and for such a
long timeframe forty five years of suppressed energy to be released,
and it suggests that silver's been coiled like a spring.
And if you take a when you take the cup
(18:12):
and handle, the cup is the long base. In silver's case,
it's from the early nineteen eighties peak of fifty dollars
through the decades of consolidation. The handle is the pullback
or the tightening of the range, and once price breaks
above the rim of the cup, which is fifty, the
pattern signals a whole new, whole new uplet.
Speaker 2 (18:31):
If you take fifty.
Speaker 5 (18:32):
Dollars as the rim and four dollars as are there
even a little lower, just around four dollars as the bottom,
you do the math, you get forty six fifty minus four.
So the breakout above fifty plus forty six would be
ninety six to one hundred dollars would be the initial target.
Do I think it'll bust above fifty, Yeah, I do.
It's it's quietly in fact. On the futures right now.
(18:53):
Let's take a look real quick. The CME futures right
now is forty three zero point seventy five. On the
future is already at forty three, and it's outperforming just
about everything so far this year.
Speaker 1 (19:06):
Yep, outperforming Bitcoin.
Speaker 2 (19:08):
Oh for sure.
Speaker 5 (19:08):
Anybody Nobody knows about it. And that's the craziest thing
pause the lack of mainstream media attention.
Speaker 1 (19:15):
Well, they're going to know about it now because we're
talking about it here on this show. For sure I
want to get into because it has outperformed Bitcoin this year,
obviously outperforming mini digital assets. If we do see which
my prediction, we are going to see a token ised
silver coming soon. If that happens this year, that's going
to engage a lot more investors into it, which, of course,
to your point, is getting back to the idea of
(19:38):
how and where delivery is going to take place around this.
Let me go over to a tweet here real quick,
because this is Peter Schiff, one of your buddies. Silver
just traded forty two. Gold is poised to break.
Speaker 2 (19:50):
A new record.
Speaker 1 (19:51):
This is an unmistakable market signal that the Fed's upcoming
rate cut is a huge mistake. Your opinion on that,
feel like that is the case right now with the
rate cut coming in this week.
Speaker 5 (20:03):
Yes, I do, because typically the Fed cuts interest rates
into a weak economy with stocks well below record highs.
Speaker 2 (20:11):
I would argue maybe that the economy is.
Speaker 5 (20:13):
Weaker than people think with the job revisions that we've
seen of nine hundred and eleven jobs revised. I mean,
this is stagflation, right, but this is going to benefit
the the one percenters, right, And because because those who
have assets should should do very well. The last three
times that we have seen rate cuts, we've seen gold
(20:37):
and silver go up substantially. You know, the rapidly growing
wealth gap only becomes larger, especially as core CPI inflation
is back above three percent and the economy weakening. Bottom line,
falling rates are a symptom of recession fears, not nothing else,
and I think recession, along with rising prices, you're going
(20:58):
to reignite more inflation is a bunch of nonsense. Inflation
is closer to eleven percent than it is three if
you just.
Speaker 2 (21:06):
Use they argument all along. Andy, I'm I'm hundred percent on.
Speaker 1 (21:10):
The same train of thought with you. I'm looking here
at the top assets gold approximately. You can kind of
see it nineteen trill in video holding up their Microsoft, Apple, Amazon,
Bitcoin alphabet, then silver. If in fact this is accurate,
but you're saying it.
Speaker 2 (21:26):
Could be much higher.
Speaker 1 (21:28):
This is very possible where silver could flip places like Google,
maybe even take a run at Bitcoin, maybe even Amazon.
If we start to see the price moderate, or I
should say, the price action go at the level that
you're talking about in the next six months, which could
be the trade of maybe at least the last several
(21:49):
years in terms of performance, and especially I think again,
if we get a token nice silver, it's going to
be huge.
Speaker 2 (21:55):
Paul, I have tried for a long time. This is
why I love talking to you.
Speaker 5 (21:59):
I mean, you're so someone who has an open mind
enough to listen to both sides. And this is the
whole idea, This is why I brought Michelle McClory, and
this is the whole idea that I have, is that
all of our portfolios are stronger, our understanding of monetary
events are stronger, our argument is stronger if we combine
(22:19):
the two. It doesn't have to be just digital assets
like bitcoin. It doesn't have to be just physical hard
assets like gold and silver. But I do believe that silver,
in my mind, is the value of a generation. It
would be very wise for people to whether or not
it outperforms in terms of its market cap, whether or
not real price discovery finds itself, everything that they are
(22:43):
doing to keep it blurred from everyone, everything they are
doing to hold it down, everything that we are seeing
on the LBMA should tell people who have done very
well in the crypto space, take a little bit of
that profit out, put it in physical metal, put it
on the other side of the table, because largely we
both see the world the.
Speaker 2 (23:01):
Same way we do.
Speaker 5 (23:03):
And I think having something physical in your possession that
is disappearing in nature, it is depleting in nature from
sixteen to one for five thousand years down to seven
to one, yet trading at eighty five or eighty eight
to one because of the stupid central commercial and central
banks that are suppressing it for the Western the West's good.
Speaker 2 (23:23):
I don't know.
Speaker 5 (23:23):
I don't think you get a setup like this very often.
And whether or not it outperforms or that's not the
idea of the idea is this is a generational opportunity
to take some profity.
Speaker 2 (23:34):
From here and go to here and leave your initial
bet there. I don't know. I just think it makes your.
Speaker 5 (23:39):
Whole portfolio hole hell of a bit stronger when price
discovery fines itself.
Speaker 1 (23:43):
Yeah, so okay, So if we were, if we were
trying to manage your portfolio right now, Andy, and I've
got golden Bitcoin on one side, and I've got this
which are both high performing right now, and then I've
got silver and Ethereum over here on this other side.
Ethereum at its all time high repressed a little bit
silver clearly an opportunity. Would you go ahead and move
(24:06):
some of those golden bitcoin assets over to eth and silver?
Speaker 5 (24:10):
Yeah, why not. That's how you succeed in investing. You
take some you reposition from. Look, pigs get fed, hogs
get slaughtered. I'm not saying get rid of those positions,
but yeah, take some of the froth off and put
it into undervalued assets in essence, have the exact same story.
And yes, that is how you do it. And people
(24:30):
are often they don't They're not one am I trying
to say? They act after they see the move. Truly
successful investors do so before it becomes obvious to the mainstream.
Speaker 2 (24:42):
Yes, it's being proactive rather than reactive. I like it.
Speaker 1 (24:46):
Andy Schachman coming in for Miles Franklin. You guys, of
course can go check out Miles Franklin. They sell of
course gold and silver over there. So Andy, thanks for
coming in today. We appreciate it.
Speaker 5 (24:55):
It's always a pleasure, Paul, I really do appreciate it.
I love your viewpoint on the world and how open
you are to everything. So thank you for letting me
be a little piece of what you're doing. And I
look forward to picking up where we left off, not
too far down the road.
Speaker 1 (25:07):
All right, you got it, Thanks Andy. You guys jump
into the joint joining the Diamond Circle. This is our
own private group that you guys can become part of
and it's absolutely free. There's no fees or anything out
there to you guys. I have to do is hit
the link down below and it's going to give you
our Baron Market Edge email newsletter. And again this is
a direct email from me that I write and it's
(25:29):
all built on what our research is doing, what I'm
doing in the market. So joined, it's very easy to
do that. And of course follow me out there on
X at Paul Baron. We'll catch you next time right
here on the Paul Baron Show.
Speaker 2 (25:40):
Thanks
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