Speaker 1This is the Commodity Culture Podcast, where we interview prominent investors, fund managers, analysts, and company CEOs to give you an edge when it comes to investing in the commodity space. Andy Sheckman, it is great to have you on Commodity Culture. Now, here we are once again, back around $60 for silver, and judging by the comments, in the comments section of this show, it feels like sentiment is getting much worse. Overall, in the sector, I always say we have to keep things in perspective. $60 silver used to be a dream for silver stackers, but of course, after seeing triple digits, a lot of people are becoming disappointed, hoping it's going to get back there. What's your message, and what would you say to those silver stackers who are discouraged right now, or maybe those who got into silver close to the highs and are wondering if maybe they should cut their losses?
Speaker 2Yeah, Jess, I get it, brother. I mean, look, if you bought near the highs, watching a correction to this magnitude does hurt for all of us. I mean, I get it. But think about where we were, to your point, a year ago. $60 plus silver did seem like a dream. You're right. Now it seems like a disaster. I understand all of that. That tells you how much our expectations have changed, number one. After 36 years in this business, Jess, the one thing that I've learned, I guess it's kind of tongue-in-cheek, is that everyone wants a lower price. They want a lower price until they get one, and they're afraid to buy it. But for me, the question is simple. Did the reasons that you purchased silver change? I mean, I understand the price change, but does anybody feel the fundamentals have gotten anything but stronger? To me, they don't seem much weaker, that's for sure. And I don't think you need to look any further, Jess, than what's happening on COMEX. And let's start with the October futures contract alone. 330 tons of silver stood for delivery. So far, in October, that's 2,125 contracts representing 10,625,000 ounces. That's $640 million at $60 silver. And so that's just for the month of October, right? But we've been seeing this for over two straight years. If you look at the numbers for this year alone, this year, more than 9,000 tons of silver have stood for delivery. That's approximately 290 million ounces, or $17.5 billion of silver at current prices. Now, I guess the important thing for me when I talk about all this is that we're talking about some of the most well-funded and sophisticated traders in the global metals market on the planet. And they're taking delivery of silver at historic volumes every month for the last two plus years. Now, it's important, and I'm going to get to this later. Later on, when we talk about other things. But not every ounce is leaving the vault. And that's one of the pushbacks I get a lot on this, and we'll talk about that. But people say, well, the metal's just changing ownership. It's true to a degree, right? But less than 1% of contracts ever stood for delivery for 36 years I've been doing this. I mean, none of them stood for delivery. The COMEX is used to offset risk, not a delivery mechanism. And the volume of the silver is not the same. The volume of silver being transferred, physical bars, numbered bars through the delivery process is massively and historically significant. And when I see that kind of activity while silver is correcting, I am far more interested, Jesse, in what's happening with the underlying metal than what the price is doing on any given day. And I think that's the most important thing here is that price is a tool of misdirection. And the biggest money on the planet, whether it be here or China, during the first two quarters of the year, is going to be the price of silver. an armada of trucks and said, bye, who the hell ran logistics for that? Where did it go? That's the kind of attention that said big purchasers don't want to have, right? So if you're the Treasury Department, quietly under the guise of the Exchange Stabilization Fund, which would not need congressional approval for national security, could you be accumulating all this metal? Leave it in the customer accounts at the commercial banks. Remember that the naysayers say, well, it's not leaving, so no one's buying it. Are you worried about taking possession if you're the Treasury Department? So the metal hasn't moved. The warehouse inventories haven't necessarily changed, but ownership has. Who is standing for delivery? Remember when J.P. Morgan was in trouble and Blythe Masters, who ran their desk at the time, said, we don't buy gold and silver. It is for customers only. She ran their metals desk. She said it's for customers only. What if all of this metal was being accumulated at arm's length by proxy for the Treasury? The market would have no idea who ultimately owns it. Treasury is not worried about receiving their metal. And this brings me to one last piece that I cannot shake either, and that is Tether. In 2025, Tether, which is a crypto company, bought more gold than every central bank on earth except Poland. In fact, during the final six months, Jay, of 2025, they added approximately $1.5 trillion to the total amount of gold that Tether has. That's the equivalent of purchasing one 400-ounce gold bar, which is about $1.7 or $8 million, every hour, 24 hours a day for six months. And in 2026, they've purchased at least 27 tons through June, and they're currently reporting more than 146 tons of gold in its reserves worth over $20 billion. I want you to consider the connections here. Bo Hines, who was previously the White House Crypto Counsel for Trump, said, I don't know. I don't know. I don't know. I don't is now the CEO of Tether's U.S. stablecoin business. Tether holds massive amounts of U.S. treasuries and has cooperated recently. Remember, they were in trouble, but now they're not. And they've cooperated with the Justice Department on financial crimes investigations. And recently, Besant got up on stage and said, with the help of Tether, we've identified four USDT wallets that belong to the IRGC, the Iranian Guard. So did Tether maybe strike a deal? Could Tether be serving as a private sector proxy for certain government financial objectives? Look at the Genius Act that goes into effect in January. All money will be backed by stablecoins that are backed by 95-day or less duration U.S. treasuries. You're creating synthetic demand for the U.S. treasury market. Who's the primary issuer of those stablecoins? Well, it's Tether and Bo Hines. Trump sold Cryptozars ahead of that division. The interest isn't transferable. What have they been doing with that interest? That's right, they've been buying more gold than anyone on the planet, except Poland. And look, I'm not saying that this is proven. It's my theory. But look at the alignment, the massive treasury holdings, the massive physical gold accumulation, and the growing and incestuous connections to Wall Street, excuse me, to Washington, rather. Can I prove the treasury through proxy commercial banks? On Comex? Or Tether as a third-party proxy is involved in this accumulation? No, but Tether's gold buying is real, and now they're buying silver, as is their deliveries on Comex, or the deliveries on Comex. And I do believe, to your question, that sophisticated players are absolutely using paper market weakness that they are involved with to accumulate physical metal. And it's not with the price is doing. That misdirects you. Watch what the big money does. So while most of the investors are being frightened out of gold and silver, I don't know, it seems to me that there are others quietly accumulating the metals that people are selling. And I guess you have to ask yourself, are we watching a collapse in demand or a massive transfer of ownership from weak to strong hands? I think this is why the banks of the global south who have been accumulating massively over the years haven't pitched about the Western bank manipulation. They're using it against them. It's jujitsu. Now, you can see through the infrastructure that they're building that they are ready to deal with this. We'll get to that, I hope. But yeah, man, I think there's no question, but they're using the market to accumulate. Absolutely. It's misdirection 101.
Speaker 1Gold has historically been one of the most reliable stores of wealth, but now there's a way to earn from it directly. Monetary Metals operates the gold yield marketplace, where holders of physical gold and silver can earn yield on their metal paid in ounces of gold, not dollars. Through their platform, clients can earn up to a 4% annual yield on gold paid in gold ounces. That yield derives from leasing physical gold to qualified businesses in the precious metals supply chain, like jewelers and refiners. Your gold stays in physical form and you retain title to your metal. The additional yield is paid to you in gold, preserving and growing your exposure to the price of gold. As inflationary pressures, debt concerns and macro uncertainty continue to make gold attractive as a hedge, earning a yield on gold adds another strategic layer to your portfolio. Individuals and institutions around the world have already been earning returns through Monetary Metals' leasing program for almost a decade, so go to monetary-metals.com/commodity to find out how to put your gold to work. The link is in the show notes below. And now, back to the interview. Yeah, and when this many large institutions who are on the inside when it comes to their connections politically are making these types of moves, you've got to imagine that either they see the writing on the wall when it comes to the debt and deficit situation and where that's headed, or they see a monetary reset of some kind ahead and they want to get ahead of that before it does break out.
Speaker 2Dude, when you're talking billions of dollars, these people don't screw around. These people. If you're talking that kind of bread, they know where the puck is going. I've always said that Wayne Gretzky was so great because he skated to where the puck was going, not to where it is. That's exactly what these people are doing, and they're misdirecting, right? They're misdirecting through price, and some of the world understands that. It's going to change. I do believe we're at the late stage innings of that environment, so yeah.
Speaker 1It's happening. Well, one country that has treated gold as a strategic asset for a long time is, of course, China, and they've been ramping up their gold buying recently. This is a quote from investing.com. It says, "The People's Bank of China added 21 tons of gold to its reserves in September, bringing its total holdings to 2,196 tons at the end of the month." Many believe that's understated. That's not their quote. I'll continue here. "The 21-ton increase in September was the largest in September 2023." How significant do you think this renewed buying by China is, and what is it signaling to the rest of the world? Let's talk about how China sees gold strategically. Yeah, brother. It's huge.
Speaker 2I mean, it's the 23rd consecutive month of accumulation as well that we know of. I mean, they've been accused by everyone from the IMF to Goldman Sachs of buying way more than they said they have. Even when they said they took a break, the import-export numbers were flagged and said, "Aha, you guys are lying." But this was their largest monthly addition in over three years, Jesse, but it's only the beginning of the story. And again, the import-export numbers, first of all, are voluntary, right? If the People's Liberation Army accumulates it and they have a massive amount of gold, they don't report to the IMF or to the World Gold Council. If a proxy bank, there's that proxy word again, a commercial bank in China decides to buy it, they don't have to report it. It's only the official numbers. They officially told us they bought more than 1,000 tons of gold in the first eight months of this year. That's roughly 160 billion, and at that pace, their imports will be the highest in over 11 years. But, you know, to me, it's not even just the gold accumulation. That's the story. To me, the story is the infrastructure they're building around it. You have the Shanghai Gold Exchange, which is expanding offshore vaulting, especially in Hong Kong. That's the big one because that's now a settlement exchange in Yuan, and they're creating more ways to transact in Yuan and access gold. I mean, think about what that means. For example, for like the UAE or Saudi Arabia, the Middle Eastern oil producers or a BRICS trading partner, because instead of accumulating dollars and recycling them into US treasuries as they've had to for the last 50 years, instead, they could accept Yuan and convert those proceeds into gold immediately and take possession through these new exchanges, either the one in Hong Kong or a series of multi-jurisdictional vaults that they're building throughout the Belt Road. This changes the conversation entirely. And I think that's what's going on in China right now. I think that's what's happening in China right now. their accumulation. They're not buying gold because they're worried about the price. They're positioning themselves for the next monetary system. And to me, that's what we should be paying more close attention to. They're building the rails and the vaults and the settlement systems and the cross-border payment systems to be able to trade with one another outside Western purview.
Speaker 1I want to talk about China and the BRICS and the current developments on that side of things. First, I do want to pose a question brought up by the Commodity Culture WhatsApp group. Guys, you can join for free using the link in the description. And that is about the upcoming elections in Brazil. We've got Lula seen as the left-wing candidate and Bolsonaro as the right-wing candidate. There's a lot of different ideas about what could happen if either of them are elected, Lula being reelected or Bolsonaro coming in, who is supposedly more pro-mining. People believe it would give more of an economic boost to the country. How do you see that election, result potentially impacting Brazil's membership in the BRICS? Because we've seen some hesitancy from Lula before when it comes to certain issues when it came to the BRICS. So I'm wondering how you see either side's victory potentially having an impact?
Speaker 2Well, I think it's about 50-50 right now in the polling. And the theory is if he loses and the new candidate wins, the right-side candidate wins, that you would end up. Seeing an exodus, perhaps, from BRICS. I don't believe that would be the case. I think there's a Western spin on all of the stories that we get regarding BRICS. They're one of the charter members of BRICS. They're not going to leave. The question really is, will they kowtow to American interests? I guess you could say the way that Argentina did. I don't think you'll see that whatsoever. In fact, the presidency was just in Brazil recently, and they just had the summit in Brazil a year ago. And I think that they are. Let's just say it wouldn't surprise. The worst I could see happening would be kind of straddling the line. You could say kind of the way the UAE is, where the UAE is still friendly to the West, but they left OPEC. They are a charter member now of. Or a full-time member of the BRICS. They are a country that is. Playing both sides. You could argue India does the exact same thing. They play both sides. But I don't think you will see them leave BRICS and call it RICS. I don't think that's going to happen at all. And although I know the West wants to paint a picture of that, to me, that's not even a possibility. I just think that even if you see a change in presidency in Brazil, you will not see an exodus from the BRICS. You just may see more of a balanced relationship between the West and this new global South group.
Speaker 1Well, China and the BRICS, BRICS members, nations, BRICS Plus now hold roughly 6,000 plus tons of gold, approximately 17% of global official reserves, and a large share of global gold production as well. Are we moving closer to an era where gold could be used for international trade between BRICS member nations? This has obviously been a narrative that's been out there for quite some time. We've spoken about it a lot on the show. People often. We know how social media is these days. Things move so quickly. People often. People often. People often. People kept expecting they're going to announce this gold-backed currency at one of the summits. It never came to pass. But nonetheless, it looks like they're still moving in that direction. So I'd love to get your thoughts on that.
Speaker 2Yeah, I don't think they're going to issue a common currency. They're building more than just payment systems. They're building, as I mentioned, the vaulting custody and settlement infrastructure. But let's look at it this way. The veins are the payment systems, and the arteries are the vaults and the settlement systems. So what are the veins? Well, Brazil has something called PICS, India has something called UPI. China has CIPS, the cross-interbank payment system. Africa has PAPS, P-A-P-P-S, or P-A-P-S-S. And these are all different systems serving different purposes. But the goal, and they just talked about it in their last meeting, is to increasingly make them interoperable. So think about what that means. A country will be able to eventually settle trade directly with one another using local currency. And that's what we're talking about. And that's over their existing payment rails, without routing everything through the dollar-based banking system. And they'll settle in balances and gold through a series of multi-jurisdictional vaults in places like Shanghai, Dubai, Mumbai, St. Petersburg, Moscow, South Africa, Brazil, and the big one in Hong Kong that settles in Yuan. This isn't some distant idea, man, because BRICS explicitly addressed this, this interoperability in its meeting, its last meeting in September, just a month ago, in their summit. And de-dollarization doesn't start with a new currency. And I think that's a mistake I made thinking about this two years ago, three years ago when I started talking about it in 2020, five years ago. It starts with building the rails that make the dollar unnecessary. And you can see it. They all have, as an example, SIPS, the cross-interbank payment system. They signed up all the countries in Southeast Asia that you're familiar with. ASEAN, I think, is their. Is their acronym. But there's 800 million people there. They're twice the population of the West. They're China's largest trading partner by far. They can all trade over the cross-interbank payment system and then settle in balances and gold through a series of all these multi-jurisdictional vaults. Instead of having one vault, as an example, the Bank of England, where they can say to Venezuela, nah, that's not your gold anymore. They're going to have gold in all of these vaults, sprinkled amongst all these vaults to settle trade in balances. I think that, you know, I think that when you combine these rails with the expanding old infrastructure, you begin to see how this could increasingly bypass the dollar and U.S. treasuries, not replace it, but give it an alternative. If a trade route that you have used forever gets blocked and has all sorts of hurdles and roadblocks along the way, you don't replace it, but you certainly can create alternative routes. And I think that's exactly what they're doing there. They're not waiting for a new monetary system to be announced, Jesse. They're building the infrastructure that could make one possible.
Speaker 1I hope you've been enjoying this interview. And if you're the type of person who likes to dive deep and become a better investor in the commodities sector, I have now created an online classroom, the Commodity Investing Academy. We've got lessons on all sorts of topics from investing in silver to uranium to gold and silver, silver stacking and much more, along with being able to take a live look at my own portfolio, which has handily outperformed the S&P since inception in 2020. Find out what I'm buying, what I'm selling and what I'm holding, as well as being part of a vibrant community of commodity investors and sound money advocates. Go to join CIA dot com to join up today. The link is in the description. And there's a lot of talk out there that China is also ultimately going to be a part of the world. And I think that's a good thing. I think that's a good thing. It will no longer be set in the West at some point in time. We've already seen and continue to see a large premium spread between the West and the East when it comes to silver. I believe it's anywhere from 11 to 14 percent somewhere fluctuates in that range, which is also which is already quite considerable. What are your thoughts there? Because obviously China wants to accumulate metals. So as you mentioned, they're happy with these lower prices. What do you think it would take? What would it take for them to actually want to set the price at a higher level? And do you think that's an event that's a possibility in the future?
Speaker 2Well, they're going to. They will. And we'll talk about that. But I mean, think about what you just said. So you're a trader for J.P. Morgan. And this isn't government owned silver. You've got a big stash of it. And you can make 12 bucks an ounce more. Right. And you'd send 10 million ounces by exchange for delivery to Hong Kong. There's a contract that you can do that too. I mean, a COMEX contract that goes to bring Hong Kong and it's exchange for physical boom. They take it over there. They pay you 12 bucks. You just made 120 million dollars. Go go buy yourself a new mega yacht in Tahiti. Have a nice day. And that has been going out when you have arbitrage like that. It normally ends in days. Right. The traders would all jam in over there to capture that huge spread. But it hasn't ended minutes. It continues. Well, that's their way of saying, thank you. Come on. Give me more. Thank you. You're welcome. You're welcome. Give me more. We'll take more. Give it to us. Here's your dollars back that we've been choking on through the trade imbalances that we've created through selling you the trinkets and the offshoring of your manufacturing. It's going to happen. But they definitely want a much greater say in how gold and silver are priced. Not yet because they're accumulating. But I think the bigger issue to me is I think the U.S. is waking up to the very same reality because look, for decades, London and New York have dominated the precious metals pricing through their huge paper markets. But China is building something very different. Look at the Shanghai Gold Exchange, the expanding vaulting infrastructure, which we talked about, the big one being in Hong Kong, and the ability to trade and settle gold in Yuan. They're not just accumulating gold, Jesse. They're building the infrastructure to influence how gold is priced and ultimately used in international trade because it's same day settlement in another currency, not a futures exchange. And why would China want dramatically higher prices while it's still accumulating? If I'm China, I don't know. I'm happy buying metal at lower prices, playing the stupidity of the Western market against us while positioning myself for the next monetary system. But here's where my theory gets a little bit more interesting. And this is my theory again, right? This is what I believe. I believe Washington is now thinking along the same lines. So what if the U.S. recognized the strategic importance of accumulating gold and silver, but doesn't want to telegraph those intentions to the world, right? We talked about this. Rather than openly announcing a government buying program, which everyone would run to do it, could it be accumulating indirectly through private institutions or third-party proxies like Tether? Tether is accumulating massive quantities of gold, holds substantial U.S. treasuries, increasingly working with the Justice Department, bringing Bo Hines, Trump's good old buddy, crypto czar. I've wondered whether these institutions like Tether or the commercial banks are working, I guess you could say, for U.S. strategic interests, including accumulation of gold and silver. Now, I can't prove there's government direction behind these purchases, but I think it's a high. I think it's something that should be worth examining. No one's asking about it, it seems, but me. And I guess it's because it is a theory. Just no other. Nothing else makes sense to me. Who the hell's got $100 billion to drop? This has been going on for the last two straight years. And remember what we discussed about COMEX. You can take ownership of gold and silver without physically removing them from the exchange-approved vaults. The metal stays put. The reported warehouse inventory doesn't really change. The ultimate owner isn't necessarily visible to the public. Now, imagine both China and the United States quietly trying to, I don't know, strengthen their position. I don't know. I don't know. I don't know. their positions before you see some form of repricing of precious metals, whether it be organically or not. But when would they want prices to rise is the question. I believe it would be when the strategic advantage of revaluing what they already own is greater than the advantage of continuing to accumulate at BS prices, man. And I think China needs to, they don't need to announce a new gold price. And I don't believe the United States would necessarily want to be left behind if gold begins playing a larger role in international settlement. I guess I would simply say this. Maybe we're watching the two largest superpowers on the planet recognize the massive importance, strategic importance of gold and silver at the same time, with hugely different approaches to accumulation. I'll tell you this, man, if this is even close to correct, the eventual replacing of gold and silver will be far more significant than most people can imagine. And I do believe that in my soul. Again, either I'm courageous enough to say something this outrageous or stupid enough. But this far down the line, man, when we are this far down the line with the deadedness and a bond market that's trapped and a Federal Reserve that doesn't have many options, I think options that were considered to be ridiculous are going to be more embraced, perhaps. You know, Judy Shelton, there she is, right? I mean, everyone gave me crap for saying, I said, look, I don't say it's going to happen July 4th. Judy's book says it's going to happen. I interviewed her twice. She's incredible, brilliant woman, amazing. And she said Trump under no uncertain terms said he's going to back a 50-year treasury to begin with, and then 30, 20, 10, and 5, redeemable in gold with no upfront borrowing costs to create a demand and to feel credibility to the bond market. Now, that would have been considered ridiculous years ago. But here we are. She's now at the treasury. So, yes, I do think that I think all this stuff is happening. And it's not just China. I think the U.S. is involved in it in a very quiet way using the commercial banks and using entities like Tether to run proxy for them to accumulate metal without, you know, flipping the table up and catching everyone's attention.
Speaker 1There's two major conflicts, Kim. Continuing to be underway, obviously, Russia, Ukraine, which is heating up attacks by Ukraine on Russian energy infrastructure. Russia retaliating heavily as well. That seems to be going nowhere near peace anytime soon, only escalating leaders in the EU pushing for more and more conflict, even talking about potentially sending their own people into the war in places like Germany and the UK. So that's getting a little bit scary. And then, of course, we have the conflict in the Middle East that is multifaceted, extraordinarily, complex. Iran and the U.S. at the moment are not in a kinetic conflict that's been put on a hold. There has been Trump has alluded to potentially restarting the war after the midterms. And of course, there's other players involved as well. We're seeing the Houthis now attacking the airport in Riyadh in Saudi Arabia. So who knows how that's all going to play out? And we haven't seen, what people would consider that wartime premium for precious metals yet. I had James Rickards on the show. Not too long ago. And he said that's coming. He says he believes that this conflict drags on and it becomes clear that it's not coming to a close, that we will eventually see gold repriced to the upside as that safe haven demand kicks in. I'm wondering what your thoughts are there, because obviously people have looked at this through the lens of, well, it's a rush for liquidity, which is why the metals dropped and have been churning sideways since the war began. What are your thoughts there on these conflicts and how they could impact precious metals markets
Speaker 2moving forward? I think that's such crap, you know, the rush to liquidity. That same thesis has been used too many times. And it just is convenient to me. It's mope. Management of perception economics, as my dear departed friend Jim Sinclair used to say, it's managing the fallout, the stupidity of what's happening. You know, you would think that people would be running to gold and silver. And instead, we're worried about the expectations of the Fed not being able to lower rates. It's a bunch of stupidity. I mean, it's just it just goes to show how ignorant I think that the market or the that the public is really and that the the the talking heads are when you speak of the manipulation of the metals market. I mean, as Chris Powell, who we all owe a debt of gratitude to him and Bill Murphy of Gata says there are no free markets, just manipulations. But to your point, the markets are massively and dramatically understating the the ultimate financial consequences of these wars. And Rickards is as smart as they get. I got to talk with him at Rick Rule's conference a year last two years, two years ago. For a long time, we had a couple of drinks on a boat and talked about these things. And he's right. You will see the price reflect reality at some point. And I'm far less concerned about why we haven't seen this wartime premium and more concerned about what comes next. I mean, you know, to his point, when you factor to look at the Middle East, you have massively higher energy prices that that affect everything, transportation, manufacturing, farming, food, everything. That's inflation working its way through the entire system. And in normal times, it would take I don't know what the lag time is, six months or whatever. But it's it's only been blurred and masked by the bleed down of the Strategic Petroleum Reserve. And so, you know, at the same time you mentioned Russia and Ukraine, I'm not a military analyst, but they are putting pressure on the energy infrastructure and on the refining infrastructure. And on global supply chain. So you combine all of that with the United States already drowning in debt. You get more military spending, more borrowing, higher inflation and a Fed who's caught between fighting inflation and keeping the financial system from busting. So to me, it's an incredibly bullish set up ultimately. And I don't believe gold and silver have come close to fully reflecting those consequences. But let's go back to what we just said. Those who want to accumulate will pile on in the futures market. Yeah, it's it's an incredibly bullish set up ultimately. Because they all need margin right there. They're all on margin. They need cash. So that's why it's they're dumping it. It's there. There is no you don't want gold and silver when there's war and inflation. Don't just keep going by by Nvidia and you know, by by the S&P and whatever and be on your merry way. Oh, is that so? So as this shit is happening, the most well informed and well financed traders on the planet are doubling down their acquisition. Shh, don't tell anybody. Standing for delivery at levels that no one has ever seen. Why don't they talk about this on the mainstream? Why don't they say, Yeah, Jimmy, I gotta tell you, it's really strange what's going on on COMEX. There are billions and billions and billions every single month. What do you think? Where are you, Jimmy? Jimmy's not here. Jimmy doesn't talk about it. Nobody talks about it. Just has to be me, the tin foil hat wearing conspiratorial, who says doesn't it strike you as odd that if the price were a reflection of of this lack of demand and lack of of validity and holding gold and silver ultimately, then why is the biggest, most well informed money on the planet doing what they're doing? They're using price to misdirect the ultimate repositioning, because if everyone knew where this repositioning was going, it would be far, far more difficult for the big money to to get comfortably repositioned.
Speaker 1For those who want to dive more into your work, tell us about Miles Franklin Media. Also, of course, Miles Franklin Pressure
Speaker 2metals. Yeah, Michelle McCorry and I, we started Miles Franklin Media about a year ago. We're up to 160,000 subscribers, and she's fantastic. And between her and I, she does a lot more than I do on that channel. I do little by little. I've had you on before, and there's plenty of content there. Miles Franklin Metals, we're celebrating almost our 37th year. February will be 37 years in business. Never had a customer complaint in over 15 billion in sales. The best way for people to get our price list, we do publish and do allow a little bit of online purchasing, but for our really competitive prices, info, info at milesfranklin.com. And let us know in the subject line that you saw us on this show, any questions you've heard, or if you just want a price list with no obligation. And if you find better prices throughout the country on a reputable dealer, let us know. And we'll see you next time. Let us know. Chances are we'll be able to match it or beat it, most likely. INFO at milesfranklin.com, our website, of course, which is under, should be a brand new one in about, I don't know, two months. We just started building a new one, milesfranklin.com.
Speaker 1Great. I'm going to put links to that below, as well as that email address, info at milesfranklin.com. Be sure to reach out to Andy. Andy, as always, incredible conversation. Thank you so much for coming on the show.
Speaker 2You know, I always appreciate it, Jess. I consider you one of the best in the industry. And as far as industry people go, a friend. And, you know, I know we're separated by a long distance, but thank you for having me on. I always enjoy it and wish you and your family and everyone out there nothing but the best. It's almost the holidays, almost Thanksgiving, and look forward to good holidays and a happy, healthy new year. Till next time, Jess, I'll look forward to picking up where we left off, brother.
Speaker 1Thank you for joining us today on Commodity Culture. Earn up to a four percent annual yield on your physical gold paid in gold ounces through monetary metals. Go to monetary-metals.com slash commodity to find out how to put your gold to work for you. Link is in the show notes below.
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