Philip Patrick

but they're outstripping almost every other asset class from a growth standpoint.

Now, I still, when I talk to clients, for me, the argument is not, hey, this is get rich quick.

It's not that.

But I think what we are seeing, as we said earlier, is a repricing.

And I think at the end of the day, gold and silver were undervalued for a long time.

And it was because people like you and I

forgot their value, right?

We didn't see it.

And today, the world has been reminded of why precious metals have endured for centuries.

And I think the experiment that really started dramatically in the 80s to shift away from sound money towards government debt, that has failed.

Debt to GDP in the United States is over 120%.

It averages over 110% for the entire Western world.

And I think the world has realized the problem in many respects is unsolvable.

It's a case of slowing the pace of decline.

And we're seeing a reversion back to sound money.

And I don't think that will stop.

I think the pace will escalate.

Oh, correct.

And listen, I shared his view.

I was a banker.