In this episode, I sit down with precious metals expert Micah Haince from Noble Gold to break down what the war with Iran has done to silver, gold, and the dollar, and whether the chaos is being used to fast-track a financial reset and usher in a CBDC beast system. We also get into stagflation, de-dollarization, and why more people are moving into physical metals not just as an investment, but as a way of staying outside a system that is being designed to control them.
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Welcome to Man in America, a voice of reason in a world gone mad.
I'm your host, Seth Holhouse.
Throughout history, if you look at all the wars that have been fought, what you can see
is that every war, especially the major ones, the world wars, the larger conflicts, they
have a ripple effect that changes many aspects of society.
Wars have redrawn lines of countries, they have collapsed financial systems, they have
ended empires, they have given birth to new empires and new realms of global dominance.
And so as we're watching what's happening with this Iran war, regardless of whose fault
it is or whose side we're on or any of these things, you can't ignore the ripple effect
of what this war is doing.
President Trump has recently announced that he is basically going to be transitioning
our economy towards much more of a war economy.
They're taking it much more seriously.
We're going to see an increase in defense spending, defense budgets, a decrease in a
lot of the domestic spending.
What this means though, fundamentally, is a lot more money printing.
And that's the thing that you see over and over again, especially when you have empires
like the American empire, where a fiat currency becomes the currency of war, where we can
just keep printing and printing and printing and funding a massively growing military industrial
complex.
And so one of the questions that I have, on top of looking at, okay, what are the ramifications
in terms of how does this war and the effects on the global energy supply, how does that
feed into this agenda 2030?
How does it feed into the narrative of less freedom and more controlled resources, which
they've been doing over and over again to protect us, right?
But one of the big questions though, is what happens to the global economy?
Because even before we're into this war, we were already at a place where we've got skyrocketing
debt.
The deficit is just through the roof.
We were seeing no end to it.
But then whatever happens when war comes about, it's almost like every rule, every limit,
every restraint gets thrown out the window because it's all for national safety.
Now, in many instances, it's not a bad thing to fund your military to protect you.
But in the modern day, what we see is that these types of actions often lead to a fundamental,
what's the right word for it, a stripping of our freedoms, a stripping of the foundations
that a country needs to be healthy.
And what we're seeing in this transition towards this war economy are a lot of these signs
that are kind of worrying to me.
But one of the big things that really stands out though, is what happens when the money
printing comes to an end?
What happens when the combination of the de-dollarization being led by the combination of BRICS countries,
when the oil, which we're seeing happening now with this war, when the oil becomes even
more separated from the petrodollar, and you have more of these Arab countries saying,
you know what?
We don't really like what the American government's doing, and we're not going to be using that
dollar anymore to be buying oil.
We already saw that trend happening, and I expect that we'll see it continue even stronger
after this, because there's a lot of countries, NATO, a lot of our Arab allies, that aren't
that happy with this war.
And so we can expect that this war is going to lead to an even further acceleration of
a global positioning away from the dollar reserve system.
That reserve system has propped up the value of the dollar and propped up the ability for
the Fed and the U.S. government to use that dollar to fund its war chest.
And what really concerns me is that what happens next?
What comes next?
Because we can see that as a lot of the impact from this war is laying the foundation, strengthening
the foundation that the elites have been laying for a long time, in terms of building some
sort of global control grid that leads into some sort of centralized global control.
What happens from the financial angle of that?
And you can see, looking at the patterns and the specific examples, that a lot of this
is leading towards some sort of financial reset and some sort of introduction of the
CBDC, of stable coins, or various ways that they're kind of framing it, but fundamentally
something where our own assets, our money, even beyond the money that we have, that actually
are physical assets, become these digital tokens, become something that becomes part
of a unified ledger.
And so joining me today is my good friend Micah Haines, who is over at Noble Gold.
He's one of their kind of top people over there, and he's actually become a great friend
of mine as well.
And he's going to be looking at this, and kind of analyzing this situation with the
war and looking at how it's affecting the markets, how it's affecting what's happening
with precious metals, the strength of the dollar, the weakness of the dollar, the cost
of oil, but then fundamentally how all of these things fit together in terms of this
Agenda 2030, and how there's potential traps that we have to be very aware of.
Because if the elites had it their way, we'd all be living in 15-minute cities with our
kind of vaccine passport barcodes and our carbon credits being monitoring.
And the unfortunate reality is that this war helps move us closer to that objective.
And so I'm going to look at what's happening, why it's happening, and what we can do about it.
So please enjoy this interview with Micah, and if you do enjoy it, make sure you hit
that thumbs up, make sure you hit that follow button if you're not currently following or
subscribed to the channel.
And also, yeah, just keep a cool head, keep an open mind, and yeah, I guess that's it.
So yeah, let's jump into the interview with Micah.
Micah, man, it's good to have you back on.
I'm really excited about this discussion we're going to have, so thank you for being here.
Thanks for having me on.
I'll apologize in advance for being a little under the weather to you and your guests.
You'll have to bear with me, but we'll push through.
And lots of exciting stuff going on the last couple of days.
I'm really encouraged going into the end of the month of March here.
April will have some exciting stuff in store for us and tons of other stuff to cover.
So let's jump right in.
Well, good, man.
Well, you seem healthy, but I know that you've got little kids like I do, and they're always
just picking up something, and they're sniffling, and they're biting boogers on me.
Exactly.
You can only keep it at bay for so long, but everything is fine.
I feel great.
It's just a little bit of sniffles.
So it could be the pollen.
It's around here, too.
It's getting nice.
How are your little ones, again?
So I have two five- and seven-year-old all-girls, and they're the best thing that ever happened
to me.
Two and five, both girls.
Okay, yeah.
Good.
It is the best thing ever, man.
We got a similar setup.
Just add a seven-year-old who's smarter than me already.
Are you sure about that, Dad, these days?
So she'll be 18 soon, and it seems like she's already going on 18, but that's how it goes,
man.
It's so much fun.
Well, so let's just dive right in, though.
And what I want to talk with you about today is a few things.
The biggest one is looking at how the war is shaping precious metals, oil, dollar index,
these things.
Because whenever you see these wars happen, you're always seeing the ripple effects in
the financial markets.
And I think that the biggest thing I'm seeing is just a lot of volatility, which makes sense.
I mean, if you're looking at just the volatility of what Trump tweets, it's like, okay, we
go from, hey, we've got an agreement, there's a ceasefire, and the next day it's like, okay,
we bomb them, and then Israel bombed them, and they're going to bomb us again.
And so there's always this back and forth as people are speculating, okay, is the war
ending?
Is it going to end?
You see certain things going up and certain things going down.
If it doesn't end, it keeps going, and you see these drops again.
So it's a pretty wild ride.
But I was talking about, on one of my recent shows, Silver and Gold, and saying, what I'm
seeing right now, this is the exact, this is the buying opportunity, right, if you look
at the movement we had first quarter of this year into now.
But anyway, what are you seeing?
Because I know you're real technical and you're following this stuff really closely, so what's
your perception of what's happening?
So a couple of things, like, yeah, we've had a couple of months of consolidation and correction
in Gold and Silver both.
You know, that did obviously coincide with the war and the escalations there kind of
popping off and maybe catching us a little bit off guard and by surprise.
We were due, and we've talked about this before on your show, that we were due for kind of
some type of reset anyway, like we had a great run from September of last year to January
of this year, we ran from $30 to $120 in Silver, right?
To have a 30%, 40%, 50% correction, that's actually very common, especially in bull markets.
So in the 70s, in the early 2000s, in 2008 to 2011, we have had these 30% to 50% corrections
in the middle of a massive bull market, and we are still in one.
And I'm absolutely confident we're going to be making higher highs very soon.
The thing about the last eight weeks, last two months, it's a little long in the tooth.
Corrections or intermittent cycle lows and ICL, for us technical nerds, they tend to
last, you know, eight to 10.
So we're kind of right in the range of needing to have that bottoming.
And I think last week, and really three times since that top in January, we hit 65 in Silver.
So we went from $120 to $65, we double tapped it in February, we tested it one more time
just last week in March, and we're already back up above $75 right now.
And I think that that really will prove to be the triple bottom and the end of the consolidation.
So for those who have yet to buy, and I know it's hard to buy when it's chopping around
and it's up and it's down $10 every week, the volatility just comes with the bull market
and all the other things that are going on, all the other big global risks that we see.
But really, I do think that what's about to happen is something really a lot like what
we saw from October through January.
So I could see, we've given the thesis or the rationale for $200 Silver on your show.
I think we can see that as early as June, maybe giving myself a little bit more buffer,
like maybe sometime later in the fall, like September.
So if the bottom is in, we will actually see a pretty fast move upward.
I don't want to say we're completely out of the woods yet, but the technical signs I'm
seeing today and yesterday are very, very encouraging.
Add to that, it looks like the negotiations around the war in Iran might be making some
progress and price of oil shot down like 5%, 10% just today on the basis of there being
a potential settlement and ceasefire in Iran.
And so all this stuff has been, the price of oil has been creating recessionary concerns
because of the price of energy.
That's the oil chart right there.
So it went from 105 to 100 down 5% in half an hour, pretty much.
Actually, it says three minutes there.
Wild, right?
There you go.
Right?
So 5% in three minutes, basically because the president suggested that things are looking
good and they're going to wrap up.
When we spoke last, I said there's one camp that thinks this stuff's going to be over
super soon as far as the war in Iran goes.
And then the other camp that thinks this is going to go on like a super long, kind of
like in Afghanistan or in Iraq.
I actually think the contrarian opinion was that it would be over sooner rather than later.
And I think we might actually be seeing that.
That'll create a bit of a boost for stocks, which obviously have been in a big slump since
this started alongside the metals.
But I think stocks and the metals could shoot higher if this stuff is really over now.
Of course, anything could happen.
There could be a tweet in a couple of hours that changes things.
But I'm of the opinion that the metals are finishing their consolidation and we're off
to the races.
And so when you say consolidation, and I guess I'll let me kind of give you my more elementary
kind of view of this, right, is that when you look at silver for a very long time, it
was very stable, right around 30 bucks, right?
It was very healthy, kind of consistent.
And then a series of events we saw silver over the course of last year heading into
the early this year, take some pretty insane gains.
And we're seeing 10%, 8%, 9% day after day.
And so it went up and we obviously, you mentioned it spiked hitting up around 120, then it comes
back down, right?
And then now it's been hovering right around 70, right?
Maybe it's high 60s, mid 70s, touching 80 a little bit.
But am I correct in understanding that how these things oftentimes work is that it's
that you have, it has this kind of healthy baseline.
You might see a big jump up.
It kind of carries and carries, and it's almost like it uses all this energy to carry it up.
And then it kind of consolidates, it comes back down, but it finds this new baseline
again.
And that becomes your new, I guess, floor, right?
Or whatever support level.
And then you might have it kind of hovering around there.
And that's a good thing, right?
That the fact that we've seen it kind of reestablish this new floor at around 70, it kind of shows
that it wasn't just this fluke that, because I remember when silver crossed 50 and everyone
saying, oh my gosh, it's happened before.
We saw what happened last time it touched 50 and it came right back down to say 20.
And but then when it kept going, and I think it disproved that idea.
So basically, when you say consolidation, is that basically what it means is that it's
like the energy that it would take to carry it from 30 to 120, that energy kind of pulls
back and it consolidates and starts rebuilding its strength.
And then once it's ready to kind of go back up again, it's almost like I would imagine
that the more solidly and consistent it can consolidate, it's kind of building momentum.
And once it breaks out again, it saves that energy up.
So maybe before we saw 30, 120, back to like 70, 77, maybe next time we're going to see
it go 70 to maybe 150 or even 200, maybe it'll then come back down to say 120 and consolidate.
And is that roughly how this oftentimes works?
That's exactly it.
And so I think putting it that way, you said it perfectly, that it's just creating a new
floor at a much higher price, right?
And the floor is essentially a launch pad, but you're going to shoot off from a much
higher kind of base point.
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So let's look back at like 2020.
Before 2020, you know that you were buying then, I was buying then.
Silver was in the teens, right?
I remember buying in 17, it was great, right?
It was stuck in the teens for years.
And then March of 2020, actually around this time, we had $11 silver.
And it went from $11 silver in March of 2020 to $30 in August or September of 2020.
So in like four months, it basically had tripled in price, so 11 to 30 bucks.
And then, you know, between 2020 and 2025, it kind of popped around the mid-20s, right?
And it created a nice big base in that range.
And then when we shot out of the $30 range, just, you know, this past fall, let's say,
35 bucks is kind of the, you know, the big line in the sand up until September or late August.
It used 30 as a launch pad now to get to 120.
So 11 to 30, that was a triple, 30 to 120, that was a quadruple.
Now we're basing, like you said, it was, you know, as low as 65, as high as 85.
Let's kind of take a mid-70s, low-70s kind of average.
That's where we've been spending the last two months.
So what I think happens next is, again, not tomorrow,
but I think we're kind of in the final chapters of this basing, right?
Where it's been finding that kind of nice, tight little coil,
and it's got its comfortable floor from which it can relaunch.
And when it relaunches, it can do a very similar kind of tripling,
doubling, tripling, quadrupling, who knows?
I think, again, all the fundamentals that are really driving the silver market
all the shorts and all the manipulation ending,
the paper markets kind of ending, and the physical markets taking over,
there being real supply deficits, there being real, you know, tough fundamentals.
That stuff hasn't gone away, right?
Just because the price has crashed by 50%,
all the reasons that silver could never crash back in December and January, right?
When it was going up, I was hearing, this is it, it's going to keep going.
And of course, like, it will, but it has to have these kind of ebbs and flows.
So you reset price, you launch from a new, higher floor.
Resetting sentiment might be the biggest and most important thing.
Like, the way that people feel about it, like, we went from people being like,
oh my gosh, it's never going to go down to, oh my gosh, it's never going to go back up.
To me, as a contrarian thinker, in general, I kind of use those, like, as my, like, spidey sense.
Like, when people are saying, oh, geez, this is really just, you know,
it's never going to go back up, the bull market is over.
I use that as like, okay, this is actually fuel for it to jump a lot higher now.
And we're right about there, right?
And now with sentiment starting to turn up,
and people are starting to see the same signs that I am, that we could be
kicking off into that next leg.
So I'm just, you know, watching the charts and stuff too.
We don't have to bore your audience with that.
But there's a couple of technical pieces of evidence as well that show us that,
you know, we were probably seeing that too.
I sent you that downtrend tweet, which, you know, if you want to pull up,
just to kind of give people who may be a little bit more technically minded,
just to look at what that could show us.
This one right here?
Well, this is a good one that just shows the kind of move we're having today.
Oh, okay.
So you talked about how during the, you know, October, November, December, January run,
we had how many 5%, 7%, 8%, 9%, 10% up days in a single day, right?
Like in both gold and in silver.
Well, we've got like a nearly 7% up day in silver right now.
And three and a half, 3% up day in gold, which is big for gold.
So the fact that we're coming out of this basing pattern,
and then we're having an explosive move higher,
like what I call these out of the blue days,
shows me that buyers are stepping back in here in very large amounts, right?
That's a lot of buying to push the price up so high in one single day.
But then it also, again, falls on the heels potentially of the war ending.
And it's getting maybe a big boost from that.
So there was one other thing I sent you.
You don't have to look for it.
You know, again, this stuff's boring the most, not to me,
but the downtrend one is kind of helpful.
It just shows you that you're breaking out of
what was a two month kind of descending triangle shape.
And now it's broken out of the resistance,
like the ceiling that was kind of capping price in a downtrend.
We busted through that now.
And that's all people need to take from that is there's always a floor.
There's always a ceiling.
You're range bound between the two until one breaks.
So if your floor breaks, you go and find a new floor,
something that's a sturdy support level.
But if you break through the ceiling,
then you're going to go and find a new one, right?
And when we broke out of the all time high, like you said, at 50,
everyone thought that was it.
But no, we kept going new high at 60, new high at 70,
new high at 80, 90, 100, 110, 120.
So we finally found that ceiling.
Now that's our big all time high.
We will take out that 120 mark.
I think that could happen in like May or June.
Yeah.
And how does this tie into what's happening with the Fed?
Because I know that Powell, his tenure is almost up.
There's going to be some changes there.
If I remember correctly, they came out recently.
They said there wouldn't be any rate changes until what?
2027, I think.
I mean, it was like what's happening with the Fed
and how does that affect what we're seeing with precious metals?
Yeah.
And so just a quick recap there.
You're right.
So Jerome Powell has been the Fed chair for many years.
He's been there, I think, eight years at the end of this term.
So two four-year terms.
So he started in 2016.
Actually, Trump's first presidency is when he started as well.
So his term is done now.
He'll be replaced in May.
He hasn't been confirmed, but he has been nominated.
It's Kevin Walsh who's been selected to do that.
A couple of weeks ago, they had their FOMC,
the Federal Open Market Committee meeting,
which is the meeting that is used to set rate increases
or lowering interest rates.
And they decided to hold.
Actually, it was kind of the worst of all decisions
because two weeks ago,
we were still in the thick of the war, right?
And there's two things to consider, right?
The war is going on, oil prices are going up.
If oil prices are going up,
then the biggest kind of cost input to any business,
into the economy in general,
including consumers like making it to work and whatnot,
that's going through the roof.
It's also very inflationary.
So the cost of oil shooting up is at the same time recessionary
because you have less spending, less dispensable income.
The cost of goods also,
it's more expensive to ship things
and get things and buy things.
And so the cost of goods are going up
while the economic kind of performance is going down.
That's literally the worst of both worlds.
So normally when you have inflation,
you want to raise rates, right?
Because you have to have higher interest rates
to kind of get up above the rate of inflation.
And that way you can kind of tamp them down.
Traditionally, you need rates at 2%
above the rate of inflation to really get them down.
And that's why we hiked so much after COVID.
We created so much inflation
through all the money printing
and all the low rates during COVID
that from 2022 to 2024,
we had the fastest, steepest rate hiking cycle
to try and get it down.
Well, with oil going up and inflation going up,
you'd want to raise rates.
But the problem is that you're also seeing
record job losses.
Like the February jobs report was terrible.
Like I said, the cost of energy going up
is very recessionary.
It's very bad for the economy.
So they would love to cut rates
to provide some relief to the economy
and allow easier credit and those types of things.
But they can't because inflation
and the cost of goods is also going up.
So they're really stuck.
When you try to avoid both,
unfortunately, you kind of get both.
And the combination of a recession
and really bad inflation
is what's called stagflation, okay?
And we haven't seen that for a really long time.
I think we are going to get that
into the end of the decade,
but probably really badly in the 2030s.
I think it's going to be like a decade or more
of that type of economic condition.
But the reason it's so bad is
because it's like the cost of everything's going up,
but the economy is contracting and shrinking
and everyone's losing their jobs.
So no one's getting a raise.
If anything, you're getting laid off.
No one can find new jobs.
And your monthly expenses keep going up and up and up.
And the last time we saw stagflation was in the 70s.
And from 1974 to 1980, gold went up 25 times
because of the stagflationary condition.
Silver went up 37 times in six years
under the same conditions.
And the price of gas went up 10 times.
So maybe we're not there yet
because this war is being solved
and the price of gas might return
to the mid 60s or 70s
or something lower than where we are now.
The next weeks and months, we'll prove that out.
But eventually, I do still think
we end up in that situation, unfortunately.
And the best defense is physical metals.
I also think that,
and this is kind of a whole different way of looking at this.
So I look at metals from a few different angles, right?
One is just tracking as an asset, right?
As a commodity, looking at, okay, what are the prices?
Is it going up as an investment?
Looking at it and say, okay, I'm thinking, okay,
if I can buy it today at say 65,
then if it goes up within three months
and it goes above 120 or whatever,
it's like, okay, hey, that's great, right?
Because I remember buying a bunch of silver
as it was going up.
That's just kind of part of my overall strategy.
It's kind of how I save my money
instead of putting it into a bank account
that can be blocked or canceled or who knows what,
not to mention is monitored.
I like to just kind of put it,
so if I have an extra 500 bucks,
it's like, okay, I'll go get a few ounces here,
a few ounces there.
That's just my kind of saving strategy.
So that's one thing,
and looking at it just as more of a monetary instrument.
But then the other thing is looking at it
as it's an off-grid asset.
And that's the big thing is because,
and this is outside of looking at charts
and markets and everything.
To me, the biggest underlying theme
that I'm seeing with this war
is regardless of whose fault it is,
who's controlling who, any of these things,
the ripple effect of this war is that we're seeing
it's absolutely helping to lay
an even more solid foundation and groundwork
towards some sort of agenda 2030, right?
You're seeing that we've now got energy lockdowns coming.
Australia just announced energy lockdowns.
We've got the EU already kind of warning citizens,
stay at home, don't drive, fuel rationing.
And that's what I'm seeing amidst all this
is that they're using this,
whether the kind of controllers created the war
as a way of kind of rapidly pushing humanity
towards that agenda 2030 goal,
or whether the war was just purely
kind of conflict coming from country to country,
which I tend to be less kind of believing
of just those more simple ways of just,
oh yeah, that guy's mean, that guy's mean,
and they can't get along, so they're gonna have a war.
I look at it more from like,
yeah, there's a person behind them saying,
hey, you two fight,
and that's gonna help burn down the schoolyard
so I can come in and build my hotel there, right?
That's kind of more how I look at things.
But that's the other angle with this
is that you're seeing these warnings
of Iranian cyber attacks on the banks.
You're seeing a lot of warnings about the inflation,
how this is gonna affect the markets,
because before we even got into this war,
if you're following the trends of de-dollarization,
you're following just the overall health
of the global kind of fiat currency-based economic system,
especially compared to the rise of the BRICS nations
kind of moving from a unipolar world to a multipolar world,
you can see there's some
relatively significant shifts happening.
But kind of what you see throughout all of this,
especially looking at, say, Palantir,
and how Palantir has kind of,
whether it was Trump's intention all along
or whether it was just him being taken advantage of,
it doesn't really matter because the reality is
is that Palantir has now become the operating system
for our entire government, right?
They're now kind of seeping into everything.
And so if you look at this kind of long-term goal,
okay, what is their plan for us?
Ultimately, it is a technocratic system.
And as part of that technocratic system,
obviously they need to have the AI infrastructure.
And that's part of my thinking
is that maybe that's part of why
they're creating these energy lockdowns
and they're at these major limits
on the amount of energy that the people can use
because they need that energy
to power these AI data centers, right?
They're building a data center in my home state of Ohio
that's literally gonna be consuming
one third of the entire power grid of Ohio.
It's insane.
And so I'm thinking, okay, is that part of this?
And in that case,
if all those things are part of an overarching plan,
which I personally believe that they are,
then you know that part of that plan
is moving us to a central bank digital currency.
And it's not some conspiracy.
It's written.
You can go to the websites.
You can see all this stuff.
They're talking about it.
And that's the other angle of silver for me,
silver and gold,
is just the fact that for the same reason,
I've got a well and I've got solar generators
I can use to pump that well.
I'm not on city water that can be shut off
and I can then be forced to kind of
have my carbon credits measured
if I want access to a certain amount of water.
That's my own perspective with this
is because this right here is off-grid money.
And that's ultimately,
like that's my number one reason
why I'm putting whatever assets I have
into things like silver,
because I do believe that at some point,
they're going to try to shove
this Mark of the Beast CBDC system
down our throats.
And they'll do whatever they can to force us into that.
And that's why I'd rather have my assets
sitting in something like this
than in some JP Morgan savings account
that I can get a notification one day
and saying,
hey, your account has been converted to credits,
some sort of credit system,
and it's going to be monitored
with some sort of universal ledger.
So anyway, that's also how I'm looking
at what's happening with all of this.
I agree 100%.
And when and how it all goes down,
we'll find out in the next few years.
I don't think it's all that far off,
but the whole David Icke is crazy as he might be,
he's been right about a lot of stuff.
I've read his books 15, 20 years ago,
but he calls it the problem crisis solution.
Oh, so you're like an OG conspiracy theorist.
Oh man, yeah.
I've been down,
been to the bottom of every rabbit hole
several times and back.
It's hard to spend too much time
thinking about that stuff
because it just makes it very gloomy.
So I kind of hope for the best,
but prepare for the worst.
Problem crisis solution, right?
What's the problem?
Energy is too cheap.
Okay, let's blow up Iran,
let's double the price of energy.
And then the solution is, okay,
everybody's energy rationed or whatever else.
So yeah, I think we'll see stuff like that.
Inevitably, I think we will end up
on some kind of hopefully gold-backed CBDC,
but CBDC, nonetheless,
that I think is going to be really scary.
So yeah, you and I can transact it.
In this stuff, I keep a bunch of coins in my desk.
You and I can figure out what you have that I need,
and we can just make a little exchange.
No one knows.
I jokingly call gold and silver the original cryptos.
They are the OG crypto.
Nobody knows that you and I have transacted
if we do so in real money, in God's money.
And so I think it's just part of everybody's portfolio.
And I think we're still not there yet.
You and I have discussed these stats before.
Half of 1% is all the gold and all the silver
and all the mining companies and all the ETFs
in everyone's portfolios,
still even today in U.S. portfolios.
Less than a percent, half of 1%.
We'll get up to 3% to 5% before we're anywhere
near a top in the market,
which can still be two, three, four, five years away.
We'll see more and more people shift into gold and silver
as this bull trend matures
and we get into these higher prices.
We've talked before about how silver's
a bit of a Giffen good,
which means people don't want it when it's low.
They only want it when it's high.
And we've got this saying that the average person
won't call us until we're at the $200 to $300 silver range.
By that time, my original clients
from five and six years ago,
we'll have more than 10 times their original investments.
That'll really be what triggers Joe Schmo
and the regular investor to come in.
And then you get a huge floodgate movement.
Now at some point, we'll probably have a bit
of a bubble in this space,
but it's not anything near one yet.
I think the things to be cautious of
is a lot of people think that they have,
this is what I'm seeing a lot on my,
from my perspective as a professional in this space,
who helps people move their assets over
and protect them with real gold and silver
is one of the biggest trends lately
is people for the last few years
haven't really paid too much attention
to what kind of gold and silver are owned
in their portfolios.
They just figure they have some
because their financial advisor says,
yeah, you've got some gold, you've got some silver.
Well, it turns out it's GLV and SLV.
These like totally unbacked JP Morgan instruments
that yeah, they expose you to the price action, right?
So you're up a lot in terms of dollar,
nominal dollar increase,
but you don't own any actual silver, right?
Paper silver doesn't power the world, real silver does.
You don't want the paper stuff.
So the thing I'm seeing lately
is we're having these big accounts come over
and they go, geez, I never knew I didn't have real silver.
And I'd say we're still really early,
but back to my like, this is the end of the consolidation.
I don't say this lightly
or to cause an undue sense of urgency,
but I really think like in the 70s,
you know, for silver at the 45, 600 range for gold right now,
this might be the cheapest that they get for the next year.
Because once they launch again,
they'll correct at some point,
but to your, you know, to your earlier point,
they'll shoot up to maybe 200 silver
and then come back to 120 and then go sideways.
They're for several months
where you can pick it up again,
but these higher floors, they keep escalating.
So I really do mean this,
like not as a sales guy, not as a professional,
like as an investor and as a prepper
and as a tinfoil hat, David,
David Ike reading conspiracy theorists,
like we probably won't see cheaper gold and silver
for the next ever, ever, ever.
And yes, I was gonna say several,
several months, years, whatever,
but like literally probably ever again,
because all these levels have disappeared, right?
Like if you and I could go back
and buy more at $11 silver, we would.
If we could go back at 20 or 25 or 30,
like we'd buy it hand over fist.
We're probably never gonna get the 70s back
once we launch out of this space.
And I'm not saying that ends tomorrow,
but we're, I think, like I said,
eight to 10 weeks is a normal correction.
We're at eight weeks right now.
This might continue, let's say into mid-April,
but beyond that, it's blast off.
I couldn't agree more.
Yeah, it's kind of like,
I remember when silver was 20 bucks an ounce,
I was almost begging people, right?
I said, just please, just trust me,
just buy it, buy it, buy it.
And most people were,
they knew I'd buy a little bit,
but they didn't, they'd rather,
I would have kept everything in the stock market
or whatever their TD advisor
or Vanguard account was kind of recommending to them.
But one thing actually I do wanna touch on
that I just remembered is that,
so there's been,
so Tucker Carlson has done some big episodes
on the gold scam, right?
And I had seen this
because I was working with someone
that was had, he had people coming to him
and he was analyzing their invoices, right?
So when people would come to him
and they'd say, hey-
I've done, not to interrupt,
but I've done a lot of that over the years.
It's scary stuff, keep going.
Oh yeah, what's funny is that,
it's interesting because I remember asking,
I never published it
because I'm very careful
about publishing specific names, right?
Now, Tucker has,
Tucker, I think he's called out
a handful of gold companies that,
but those companies were the exact same ones
that I saw the red flags with
just a couple of years ago,
where this guy was saying,
look, Seth, I'm seeing these people come in,
you know, and they come in to inquire about,
you know, buying whatever,
they might, he says, okay,
let me see your current account,
see what your current,
you know, kind of purchase history was.
And he was seeing people that were paying,
you know, $400,000 for $180,000 worth of silver.
I mean, the markups were just absolutely insane.
And that was, you know,
one of the things that I really vetted,
you know, Noble Gold
and looking at how you guys handle this,
because I'm like,
if I was recommending one of those companies
to all the audience-
How could you sleep at night?
Like, I don't know how those guys would do it.
I would feel sick.
But I know, because those exact companies,
they've approached me
and they've said,
hey, won't you work with us?
And they pay so much money.
But it's like, I can't do that
because I kind of look as like,
well, all I'm doing is
I'm stealing the money
from people that trust me.
And I can't do that, right?
And so I wanted to just ask you
about your process with IRAs,
but also show that it's like,
I trust you so much that literally my mom,
like after our last show together,
she talked to me like the weekend after
and she goes,
Seth, I was on the phone with Micah
for an hour, right?
And it's like, I felt so good even,
again, like if I would recommend
my own mom to do something,
like I have to trust in it, right?
Because this is my mother, right?
I almost couldn't believe
when she called and asked for me.
I was like, wow,
that's a huge point of confidence.
So thank you for that.
And yeah, we're taking care
of her account right now.
We'll probably be done
within a week or so.
So she'll be well on her way.
And I've been staying in touch with her
the last month or so.
And we've been watching
this kind of grind and I just told her,
hey, I'll let you know
when I think things are really popping off.
And so to your other point,
with respect to like this stuff
that I've seen over the years,
you wouldn't believe it.
I've seen 80 year old,
sweet little old ladies
who buy like $1.2 million
worth of gold and silver.
And then they go,
weird, my equity trust account.
And that's the custodian that we use
that kind of shows you
the metals in your IRA
and shows you your holdings
and what they're worth that day.
She goes, why does it only look
like about 400,000?
Can you please look at my receipt
and tell me what went wrong?
And I just said the first telltale sign
thing you run away from
as soon as they start talking about them
is if they talk about anything
that's not just standard bullion,
right?
Regular bars, regular coins.
But if they start talking about
one and a quarter ounce,
this or that,
like Papua New Guinea,
Arctic monkey, this and that,
and it's super rare
and limited run
and you just run away, okay?
Cause they can opt to escape
the actual cost per ounce
really easily that way.
And that's the biggest red flag.
They'll also say
there's all these tax advantages
to buying this really weird coin
because it's, you know,
when you sell it or take distribution,
it's not going to be treated as regular.
Like it's completely fabricated,
but they will steal 50%
of a million dollar account
from a lady who's too old
to ever recover that, right?
But those guys are making so much money.
You know, they're basically fraudsters
and they're criminals.
It's like the Wolf of Wall Street, basically,
but they're making so much money
that that must be
how they sleep at night,
but they just don't care.
I could never do that.
As an educator, like we're a business,
we can't give it away,
but I'm in the single digits for markups,
not in 30, 40, 50 plus.
I've seen 100% markups
and this stuff happens to smart people, Seth.
Like it's not just the super uninitiated,
like kind of oblivious
to how the bullion market works.
And that's the first thing
we'll do is explain to you,
like how we make money,
how these things are priced,
why we recommend the items
with the lowest price per ounce
so that you can get as much metal
as you can for your money
and the best bang for your buck.
The more ounces you get,
the better you do,
the better we do.
You know, like 70% of our business
is by referral,
and I'm sorry,
it's repeat and referral.
And if we just took everyone
to the cleaners that we could,
we wouldn't have any repeat,
no referrals, right?
And that's actually how
most of these companies
get away with it.
It's just taking for what you can
on the first one.
But I've seen Mayo Clinic doctors
call me and say,
did I overpay
for these quarter ounce gold coins?
And this is about a year ago
at $2,000 or $3,000 gold.
He said, I paid $1,500
for a quarter ounce gold coin.
Do you think there's anything wrong with this?
Can you look at my statement?
I go, well, you know,
you're the doctor, but do the math.
You know, $1,500 doesn't sound that bad
for a quarter ounce coin
that's super special,
but you're paying $6,000 an ounce
at $3,300, right?
So you're paying 80% markup, right?
So unfortunately, this stuff happens,
but we keep gobbling up
more and more market share every year
as things go by.
We don't have the biggest advertising budget
that's working with great channels
like yours that we're able to get,
you know, smart, like-minded people.
But if we treat the client well
and do a good job and, you know,
anyone who bought from me
six months or more ago,
they're ecstatic with their portfolios
and they're going to get only even better.
But we're still at a really crucial time
where it's very, very early, right?
We want to help as many people as we can.
So, you know, you help us get the word out
about the work that we do.
I appreciate the opportunity
to talk about that a little bit.
We'd never like to disparage other companies,
but there's just a way of doing business
that's honest and we do it the right way.
And that's actually because of Colin.
Colin, my boss, is the man.
He's the total man.
As you know, you've had him
on your channel many times,
but he's the reason we do business
the way that we do.
Well, it's good because I think that,
because I've worked
in a handful of different industries,
but I was in the jewelry
and precious metals industry.
You know, I was in New York.
I worked in the diamond district
in New York City for quite some time.
I saw behind the scenes,
but what I could see is that
there was, it's like,
especially when you start getting into jewelry,
but jewelry and precious metals,
they're one of the few things
where people can spend
six or seven figures on something
that they don't know much about, right?
Like if anyone was,
say you're going to buy an investment condo
in Palm Beach, right?
And say you're going to buy
a $1.6 million condo.
You're doing comps.
You're making sure that
also the bank has to verify it, right?
To make sure that it's matching
market value and everything.
There's so many,
all these different protections in place.
But when it comes to precious metals or jewelry,
it's the wild west.
And I would hear these stories
of these guys coming in,
especially with jewelry,
and they'd be bragging.
Like they would say,
oh gosh, this old woman came in
and she had this sapphire ring.
And they're like,
we bought this sapphire ring from her for $3,000
because they knew it was a cashmere sapphire.
And they went,
that sapphire ring could have been worth $80,000, right?
Because that's just how it is.
People don't know what they have.
But I had a reputation for myself
that I was just really honest with people.
And so if that came in,
I would say, hey, look,
let's first get this certified.
I want to see what it's really worth.
Unless they said, look,
I just want to sell it.
I'll take the risk or whatever.
And they're in a rush.
I'd still try to give them a very fair price
to my best ability.
But that's just how I did things.
I was just always transparent with people.
Even when I was buying gold,
they'd come in,
I'd calculate my whole notes.
I have my old notebook still
from my gold buying business, right?
And I'd have this whole sheet
and I'd draw it all out.
And I would say, okay, well, look,
you've got, I'd calculate all in front of them.
I say, okay, there's $33,000 worth of,
there's a lucky 33, right?
And it comes out, right?
I'm not a Mason, I promise.
Anyway, so you have, say, $37,000.
Yeah, exactly.
I get asked that, I'm like, no.
But I'd say, okay, look, here's your melt price.
At that time, you're buying jewelry over the counter.
Maybe I'm buying it like 15% below melt
because I have to then,
I had to hold it for a certain time.
I had to go melt it.
Sometimes it'll come out, whatever it is.
But I was always just really transparent with them.
And that's how I learned to do things.
But that gave me an advantage
because as I was looking for,
I knew how important precious metals were
in terms of one of the core products I believed in,
that I wanted to recommend.
But I'm not a jewelry dealer, I'm not a gold dealer.
So as I was vetting people,
I'm recalling you guys up,
actually talking to Fernando and saying,
okay, hey, I want to call up as a customer.
How do you price things?
How do you handle this?
And it's like, okay, checked all the boxes.
Like, okay, I can trust you guys.
And that's why I've got this relationship with you.
And I talked to Colin numerous times about this stuff.
And it's like, okay, you check out, right?
I feel a lot of responsibility for anybody
that recommends a product on my show.
I turn down, honestly, probably 95%
of any advertiser or product that approaches me.
Sure.
Which happens all the time.
Like, nope, nope, nope.
Even if a supplement company comes to me,
I go, I look up where they manufacture at,
how they source their ingredients,
who owns the company,
is it actually secretly owned by BlackRock?
I'm not going to touch it.
So anyway, yeah, it's important to me.
Ethics and alignment and values and stuff.
We have all that.
We think alike.
Even today, we dress a little bit alike.
Yeah, I know.
I was going to comment on that one.
I know we're both two homesteader
conspiracy theorists and plaid.
We appreciate you.
We want to keep this going.
But we do want to help.
I personally, on a bit of a mission
to try to get as many people on board as I can.
I've been buying for 10 years,
been working here for almost six.
I just want more people on board
because, again, yeah, it's not 20 or 30 or 15s anymore,
but it's still a great time to get in.
And we have an unproportionate amount of people
who are just still a big disproportionate amount
of people who are still just ignoring this
and the risks that exist in the dollar,
in the banking system, in the national debt,
with geopolitics, with CBDCs.
But the list goes on.
All the stars have aligned for gold and silver.
They are the best performing asset
the last couple of years.
They will continue to be for another two, three,
four, five, maybe 10.
You know, we just got to see.
I can't see that far into the future.
But doing now in the end of the decade
is the only thing I'm doing.
So I know we're coming up against time.
There's one thing I want to show you really quickly
is I've got like a huge collection of personal silver.
These are my hand poured pieces.
And I thought I'd pull these out
because I think they're all kind of funny.
So this is my hand poured silver skull.
It's one ounce.
And this has been kind of representative
of all the people who have been calling
that the top is in.
This is 2011.
Instead of hitting 50 and crashing
and going sideways for 10 years, we got to 120.
And now it's going to do the same.
So it's been really hard for some people
to believe that there's still a lot of runway left
because of all the doomsday people who are saying,
silver is dead, my silver skull.
But then I've got a lot of clients
and a lot of new ones, old and new,
that have been buying like crazy.
And this is a hand poured, maybe it's upside down.
This is a hand poured silver lion.
So you've got to have the courage of a lion
to buy when it's going down like crazy, right?
So I think the people who have been stepping in to buy,
like today, 7% up in silver,
I think we are seeing the end of the consolidation.
The buyers are coming back in.
They've got the courage that it's going back up.
This is obviously a silver cross.
You've got to have faith in God,
but faith that the market is still intact
and that bull markets make higher highs.
And so those who are buying today know and believe
and have faith that we're going much,
much higher in the coming years.
And then this is my funny three ounce silver rocket,
which I think is what happens, you know,
between now and the end of the year
and in the many years to come
is that we are going to launch to new highs
and they're not far off now.
So just a fun little way to cap it off
with my personal collection, my hand poured stuff.
But I think each of those is kind of a timely thing to show.
I think it all wraps up really, really well.
It has this position for a really exciting
end of the year, Seth.
So thanks again for having me on, man.
Yeah, absolutely.
And so if people want to work with you,
work with Noble Gold,
so all the links and information are in the show description,
but it's just goldwithseth.com.
There's a simple form there.
That's one way of, you know, kind of setting up a call.
There's also the phone number 877-646-5347.
There's also a phone number in the description.
And what's also cool, obviously I love having Colin on,
but Colin, he's busy running the companies
and he's running multiple companies.
But what I like about this is that if people are like,
hey, that Micah guy, I can trust him.
He's got a flannel shirt.
You know, he read David Icke a long time ago,
so he's not some sleepwalking, you know, kind of idiot.
And so they can actually work with you directly, right?
Obviously, you know, you don't have your direct line,
but if they call in, they can request and they can say,
hey, I'd love to talk to Micah, which is my mom, right?
Same thing with her.
I said, mom, just call the main line and just ask for Micah.
And she did that.
And you spend an hour talking to her, explaining,
and that's what you do, right?
You can tell with your little hand poured things,
you're a silver geek, right?
I am too.
And so they can talk to you, pick your brain.
You'll patiently explain all the scenarios.
And what I like is that you're not some kind of hard salesman.
It's like, okay, you'll give them the information.
You'll answer the questions.
You'll teach them.
And it's up to them, right?
You only want people coming in that really believe in it
and want to do it because if someone gets pressured into it,
you know, a month later, they're going to say,
you know, I want to exit my position.
I'm not happy.
Totally.
Yeah.
No, exactly.
Call and ask for me.
You can work directly with me,
but all my colleagues are actually amazing.
We're all investors.
We're not really salespeople.
So they're all going to treat you exactly like I would.
But if you want to work with me, you know,
that's why I do these shows to be able to just
throw our message out there.
Talk a little bit about, you know,
why we're at a really key time to maybe make that first call.
And again, no pressure.
Like you want to buy now, you want to buy in a year.
You want to buy in two years.
We'll be here to help happily,
but there are certain opportunities along the way.
That really present kind of key times to take that initiative.
So give me a buzz.
Ask for Mike, ask for any of us.
And again, thank you for following Seth
and supporting his channel and set.
Thanks for the partnership.
Hope to do this again.
And we can chat about a month, hopefully at higher prices,
but we'll just see how things go.
And it's going to be exciting journey nonetheless.
So thank you so much.
And we'll do this again soon.
Absolutely, Micah.
Thanks again for your time today, man.
See you, brother.