Coleman Church

And I'm going to find out where that stuff's buried too.

So you don't typically ask for the physical delivery of it when you're trading in tens and hundreds of millions of dollars of derivatives against commodities.

You cash settle your derivative against mine, cash settle.

The loser pays the winner and you move on.

So where do you go?

At this point, given where valuations are, I think you go abroad.

You look at multiples on US stock market where we were trading historically.

extremely high PE ratios for the index on a historical basis and very high against foreign markets.

I think what this administration's doing in Latin America particularly, as I mentioned earlier, sort of Monroe Doctrine II, there's clearly a movement afoot to

to stabilize the region and to partner with those that are critical to us.

I would imagine that'll open up a ton of investment and growth there.

There are plenty of Latin American countries that offer pretty cheap historical PE ratios.

So I think it's probably time to diversify a little bit out of the US and diversify out of tech heavy stuff.

that's where i would go simply um i think you still have to own some some gold and silver just have to own some but just not as much as you you wanted three years ago given how far it's run so but you're basically making a pitch for the venezuelan stock market

Not specifically, but there may be a catalyst coming there that could create a big move one way or the other, it seems, in the next couple of weeks.

Real estate, land, for sure.

That's why I asked.

It depends on who you are.

I think productive agricultural real estate anywhere is always a good investment, sort of a disaster hedge.

But yes, land as a whole, yes.