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hey everybody Josh Eriksson a world alternative media here and we are joined once again by Eric Sater home of American Pacific Mining Corp as many of you know we are finally seeing some real action in the gold markets and as of last month saw six year highs for gold there are a lot of tremors in the global markets as well as a global monetary system and we know how that works for cold we've seen what's happened throughout history Eric we are seeing 13 trillion in negative yielding sovereign bonds around the world for a Dalio one of the world's most respected fund managers announced that once the central banks and their easing bonds will no longer be viewed as safe havens and that gold will be the most prized cash alternative what is your view on the current gold market and what do you think is pumping new momentum into this market well the comparison of bonds to gold is a is just it they're both supposedly stores of wealth there's you know they're stable but to me I look at gold as really as being a currency already in fact it's an international currency knows No Boundaries no borders whereas a bond is essentially a promise or a piece of paper so with I agree with Ray that any more easing there's several things that drive bond yields down obviously diluting the currency is not any good so here we are printing money we're messing around with the interest rates that banks can charge and things like that so that's all good for gold in the long run essentially we're diluting the currency and gold is gonna hold on to its value that should Jack the price up in itself these evening things because you got more dollars out there we saw recently what happened with Powell talking about lowering interest rates and that seemed to have a huge trigger reaction we saw a gold just skyrocket following the announcement do you think it was related you think people are concerned about the future of the monetary system and they're kind of going into gold for that reason I think so and gold really does run a cycle over about seven or eight years if you look back on the lat at least over the last thirty years while I've been in the business 40 years we've been moving down in the market since 2012 so seven years later here we are I think there's a fair amount of investors that are seeking to come back in force for a stability they they see that that gold is is what it's been art leave I think artificially depressed in price for quite a while lots of guys have put their money into cannabis and other things that have made them a lot of money real fast but the real true wealth at all level off the real true storage of wealth is still gold and and will be for the foreseeable future that's soon the way it is so it's been there's several different avenues that have been pump some passion to build the price up hmm well what do you think makes gold so unique compared to other physical metals I mean you felt it dug it out of the ground why has it been accepted as money for so long um there's really of several reasons well the first is scarcity it's very rare in the crust it's very expensive to extract it it's very labor-intensive to get it out of the ground the second is one you don't hear about a whole lot but tradition people have for 20,000 years or so found some storage of value some real reason to make a ring out of it or put a necklace on so it's perceived rightly or wrongly that it's it's got some historical cultural relevance perception of stability which we just talked about people are putting money into it because they think that the currencies worldwide are low flimflamming and if the United States dollar is one of the stronger currencies out there then the rest up and got to be pretty bad because it's in pretty bad shape it's accepted worldwide and it knows no physical borders or boundaries so I can take a handful of gold and go to India with it and go to Pakistan I'm gonna get roughly the same stuff it really does possess some sort of intrinsic value whereas money paper money doesn't and instability and volatility of the rest of the markets and in the world in general is always good for gold and we see the use in so many products as well as electronics these days and with the Green Rev Lucian happening and all that kind of stuff I mean it's being used more and more alongside copper and silver but also yeah you mentioned fiat currencies if if the US dollar is the best out of the bad bunch and you don't want to see the rest of them and I mean people often say well you know the US dollar is going up or the euro is going up and it's like against what other falling currencies it's you know other currencies are in a freefall so it looks like it's going up but it really is it's a matter of looking at the real real bottom of the of the arguments it's just it's bobbing there it's not really it's just better than everything else yeah well so as far as the production goes you do you see any evidence that we've reached peak gold production I do and for several reasons I've worked in for Newmont and other companies for a long time I watched mines come and go I've watched the easy ones get mined out the giant oxide ones are now deep and gray what what will happen now is with gold going up incremental lay backs and and slash outs underground and things like that we're going to start making sense so I think I figured gold would level off for a while as these easy pickings are taken out that's provided that gold shows some stability and continues to rise in price gets to fifteen sixteen hundred guaranteed the pits are gonna get bigger but after about ten years those will be gone and when that happens I see a rapid decline in production of gold possibly fifteen percent fifteen to fifty percent within five years after that so 15 years from now that we're producing half as much gold in the world as we are right now hmm well and that leads to what years talking about earlier as scarcity I mean you can pick up any old rock but a gold carries a lot of value due to well it's all subjective really but when it comes down to it it's scarcity application used in demand and of course we saw even many governments around the world trying to demonetized like we saw in India but gold being so culturally significant we saw people basically rise up against that people aren't buying the cashless system in India because gold is such a huge part of their culture and they see value in it and if they see value in it you can't really argue with that but I mean as far as investment goes I've always seen gold as wealth insurance however moving into investment there is a huge lucrative business in investing but I think it's more in the companies that are making or bringing gold out of the ground and that's why one of the major reasons I had you on because we've talked before about this and for our audience members that aren't yet aware can you tell us about your company American Pacific Mining Corp sure we incorporated last March from March 2018 co-founded by Warwick Smith and and myself we had a couple of good projects that we picked up I was working at Newmont at the time exploration manager in the western US I could see a lack of commitment by the company in question to continue exploring here and that has been that's exactly what happened this year with the joint venture with Eric whom I walked away from exploration in the last so I could see that it would seem like an opportunistic time I really wanted to watch gold go up I like working in the junior sector properties we have are are exceptionally good and so well I like we're to work before I think can make a good team we are not interchangeable parts I'm more the technical guy know the rocks and mining and I knew that and work is the businessman mm-hmm yeah I know that you have a fascination just down to the science of it which is interesting perspective to have on this industry and having co-founded American Pacific Mining Corp what do you see as your main asset moving forward in this increasingly positively volatile market we have two we have three assets right now that we control one of them is more of an exploration play it hasn't had any real mining blocks the whole time were scratching around that's down by Tonopah Nevada they're all three in Nevada are the ones it's our flagship is Tuscarora which we currently have in a JV with Oceana a billion-dollar company they're doing quite a bit of work there this year they'll begin drilling hopefully in the next three weeks or so probably mid to late August and drill out the rest of their budget up there Tuscarora we've also picked up a gooseberry as a past producing mine over by Reno about 30 miles east of Reno kind of sat up there like Jen and we just went and got it for staking costs well we picked it up for about 18,000 bucks it's a historic producer which terminated production back in 1990s yeah and there's a lot of action happening in Nevada there's no doubt about that and we've talked about your company before in this channel and it definitely peaked a lot of people's interest I understand that for a small cap company such as this one to have a joint venture partner which comes in the form of a billion dollar company as a big is a big deal what happened in this case well good question hi we presented Tuscarora hoping to get a JV partner to several different mid tier companies and and oceania was the one we really hoped would would be the guys that did it if anyone did now we just feared it was a mesh with them turns out I know three of the four geologists and nariño hoppers quite well I worked with in at Newmont so I know I I just ran into Rick strife and I said hey I'm go and a really nice property he's he's the exploration manager for Oceana right now and he said let's go have a look at it so I took him up and we looked at the core and the rocks from last year and then the asset values and they put it on there I had been I guess through about the flagpole and it turned out to be one of the ones that they wanted to JV so we found out about that last year and worked out all the legal stuff and then this year they've been they've been hitting the ground pretty hard so I had done some really nice work and there is currently drilling going on in your project can you tell us about that the catalyst and when you expect there to be a major turnaround the drilling will commence in you know August as I said it'll probably be done by I'm guessing the end of September so assays will come in probably in three weeks tranches as they bring those in it takes about three weeks at the lab I always like to get some some news probably third week in September all the way through October hmm so I have to ask on a more personal level why what got you into or what got you to be so interested in something like gold I know you've got a background in geology but what what brought you to this this market and brought so much interest to you regard Gold and gold mining uh even I was young I was a geologist by just didn't have a degree so I just loved rocks they said this gave me the opportunity to do a lot of field work and really understand mapping and met and understand mineralogy and things like that so I actually was thinking about going into being a meteorologist and a water specialism I didn't really plan on being this but I started to get when I was in college back in the early 80s I got some technical work during the summers I do out stake claim C drills and I just kind of fell in love with that end of the business yeah and and what would you say to people that are interested in gold as far as getting into this kind of business because obviously you know there's a difference between investing wealth insurance getting into a mining company and getting involved in this it takes a lot of effort a lot of hard work what do you say to the average person that's interested in gold and wants to find their way into this kind of market well there's a wealth of information out there on the web and other places so do a little bit of reading depending on if you want to be a technical person or an investor or both figure out what companies are good what companies are bad if you want to be a technical guy like I was for most of my career I'll get a job get a degree and then come out and do it but make sure it's it's a passion it's something that you really enjoy because it is it's a lot of work yeah it's a really interesting subject matter I've been fascinated with it this idea of studying rocks geology is a very interesting interesting science that isn't given enough you know enough acclaim I mean the amount of people out there working hard to understand these rocks as well and you know the value that comes with something like gold as well I mean I wanted to ask you before we close it off what your bottom line is when or why why should people get involved in American Pacific and where can they find more information on it because I know last time we spoke with you a lot of people raised a lot of interest in in in your company and interest in the subject matter in general so what is your bottom line why should people get involve in American Pacific and where can they find out more information on it I think there are probably a series of smaller companies right now that are undervalued I consider us undervalued it's like a leading the lag thing right now the lead is Gold's going up the lag is people don't want to put their money and instantly they want to wait around a little bit maybe watch the cannabis stocks go off who knows exactly so the lag will be four or five months down the road now once that starts I think then the price of our shares will go up so if you need any information that you you can get from our website just American Pacific website just pop it in and google it and you'll you'll get all our projects and all the information on how to invest what our tickers are and things like that it's a very intuitive well put together website mm-hmm I'm very bearish on most stocks but when it comes to like gold especially when we're seeing this kind of turnaround happen right now I think of all of all things to get involved in I think gold and silver and a few other examples you mentioned cannabis are the ones to look at going forward I think everyone should do their own due diligence do their own research it's very important as always to be responsible for your money but when we are seeing the monetary systems when we're seeing these bubbles around the world and we're seeing people look to gold as a safe haven I think that the people that are involved in extracting that gold bring it out of the ground and getting it to the consumer it's very important to be watching these these guys and get involved if you want to again check the websites we got everything linked below folks and Eric I appreciate you out joining us again well good thank you very much for having me like what do you see here om don't forget to check the links below GoFundMe patreon we can't do without you any donation is very much appreciated especially as we're so heavily heavily demonetized in sensors and shadow bandits getting really bad folks if everyone just gave one single dollar a month to say patreon or our SUBSCRIBE star where we do subscriber only content we could really get out of this rut that we are currently in as YouTube tries to stifle independent media and prop up the mainstream media this is really important this is one of the most important times in independent media history for us to say it's now or never let's keep moving forward and let's maybe that change that we wish to see in the world of course there's also our Bitcoin address below as well as on the screen for you to scan if you please and of course find us on websites like bit Tube and mines and just try to support independent media if not myself any of the other big independent media is out there to help us 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