Leister
๐ค SpeakerAppearances Over Time
Podcast Appearances
Silver's price at a time was 50 bucks per ounce.
And then it crashed down to $10 per ounce.
And when it crashed to $10 an ounce, he bought the major dip and he kept buying and he kept buying and he kept buying for almost 10 years.
He does a message to shareholders and he said,
Look, I think the government there, there's going to be a separation in value called demonetization for the government.
been watching this i didn't buy it but i was watching it now i think there's an opportunity here because the inventories are dropping and i think that they're going to need to balance out at some point that this is going to win so he goes on major buying sprees of silver at the time now i don't know how much he did or didn't sell i'm assuming they must have sold some at some point but let's assume that they didn't sell
111 million ounces of silver at the time if they hadn't sold based on silver's current price that's an easy close to 11 billion dollars simply because the man was smart enough to buy at ten dollars an ounce and buy as much of it as he thought was practical
when it was ten dollars an ounce because he was smart enough to realize that when it's a precious metal of that kind it was going to go back up at some point he just wasn't sure when and he knew that the government was going to screw up and separate in terms of value and unbalance everything such that it would cause significant demand on the back end
The reason I'm sharing that story and why I'm taking the, the second victory lap or the first rather is I want you to understand the thought process behind why I am encouraging people to pay more attention to precious metals right now.
It's because, as I said, cryptocurrency is not going to be what you think it's going to be.
It certainly is not going to be what it was in 2021, which is a wall, wall west.
That's not going to happen.
because the clarity act does not want it to happen the banking system does not want it to happen they will just become boring assets just like stocks and bonds and other types of asset classes so with the disruption that's going on with the banking system and the federal reserve plus cryptocurrency not going to be what you think it is and the polar opposite of what you want it to be
plus what's happening international in the greenland situation people are going to be looking for hedging the hedging might be a short-term hedge all i can tell you is that right now silver is 99 per ounce and expected to pass 100 which is a psychological threshold estimates put it at somewhere in the range of about 300 bucks sometime in the first half of 2026.
if you didn't listen before hopefully you listen now and hopefully you understand this is a different world cryptocurrency is not what you think it's going to be it's not it's going to be a very boring asset class still worth looking at as an asset class but not the gambling that it was in 2021 those days are gone you're not getting them back
so you're going to see if you haven't already you're going to see various youtubers who previously were all in on cryptocurrency
talk less and less about them because they see the same thing that I've been telling you to be the truth.
It's just that now they've kind of come to that realization.
It's not going to be what you thought it is.
And you're going to have to think about something different for your investment strategy.