Anthony Pompliano

of the global economy.

It means that people are saying, look, I'm not gonna sell dollars and I'm gonna go and buy yen or yuan or pesos or anything else.

Instead, what they're saying is I'm gonna sell dollars, I'm gonna buy gold.

And so naturally, gold, it's not a completely finite asset, but it's a scarce asset.

And so if you have a significant increase in demand for a scarce asset, then gold's gonna go up.

But the thing that's interesting is it's not just gold, silver, which I think a lot of people say, well, silver is kind of the little brother of gold, but silver's demand is not only coming from people who want some sort of store value.

Obviously, yes, some people buy it because they think that it is a scarce asset as well and it will appreciate.

But I actually think that the bigger story for silver is the fact that it's an industrial metal.

You need silver to do a lot of different things.

If you start to look at what is going on with silver, well, you start to say how many different pieces of defense equipment or AI hardware, or maybe even things like self-driving cars.

There is significant demand for silver because the world is building things again.

We are starting to produce stuff both in the United States and internationally.

We're saying that we want to re-industrialize the world, and if we're gonna do that, we need to have the raw materials to be able to go ahead and conduct that work, and silver's a big winner there.

Now, some of the demand for silver's coming from the store value, and some of it is coming from the actual utility case, but I think that is a huge driver.

And then obviously, if we go and we look at copper and we look at platinum, copper is really interesting because there's a lot of stuff there.

You have all of the electric vehicles.

You've got all of the electrical infrastructure.

You've got renewable energy.

All of those things need copper.

And so there is significant industrial demand for copper.