원문 보기
difference between gamestop and silver there really is a global shortage of silver but not only that is the value the intrinsic value the real value of silver is about to go up with the green you deal with electric cars with medicines and all this and there is this major silver short and the people that ultimately want the silver never disclose that they want it so we still don't know who's squirming out there because there's companies like toshiba sony apple and ald and tesla they all need so but nobody's saying how much they need so we don't know how bad the shortages matter so with that peter let's what is the real value of silver in industry well i mean silver has tremendous value in industry that's why it's money you know people forget with all the hysteria about bitcoin that money has to have intrinsic value money has to be a commodity that's what money is it's the most marketable most liquid commodity that's why it's a store of value the reason that silver is a store of value is because you're storing all of the things that you can do with the silver after you melt it down right that's what you're storing and so silver is very valuable metal i mean at one point yeah they used a lot of it in photography and people were saying oh you know well now there's no more film so who's going to need silver but meanwhile there's plenty of other uses for silver out there as a conductor of electricity you know you're you know it's used in uh the automob automotive industry along with a lot of you know copper and nickel are also in demand for electric uh vehicles for the batteries that operate them uh but there are all sorts of applications for silver there's even more for gold the problem is gold is so expensive that in many cases they substitute silver for gold or copper for gold because they can't afford the gold i mean if they could they would use gold uh but it's too expensive but in in in certain areas where you absolutely need the best they buy gold i mean gold is used in you know in in chips and and all sorts of things just one more thing is gold does not disappear silver is used yeah i mean it's there's a certain percentage that goes short every year and i i'm not sure in the numbers but i was listening keith newmeier of first majestic he was saying that uh there's only eighty percent of the silver required that's available they've they're they're about that twenty percent short every year now because yeah getting tougher and tougher and tougher electronic vehicles solar panels medicine you know it just keeps increasing in value because it's an industrial metal as well as a precious metal as well as a commodity yeah and that's why it doesn't make sense that it really is so cheap in relation to gold because you know you can buy a lot of silver for an ounce of gold which is why we've been encouraging people even at shift gold to use some of their gold to buy silver like hey you don't have any silver take some of your gold and buy some silver with it right because you're going to end up with a lot of extra ounces and eventually you might be able to sell the silver and buy your gold back and get a lot more gold than you started with because the you know the price of silver has has gone gone way up but you know you know while i'm mentioning you know a thing like bitcoin i mean bitcoin has a lot more in common with gamestop than it does with gold or silver right because it's the same concept pump and dump greater fool theory you're buying something that has no value but just because it's gone up everybody thinks that they've you know rediscovered you know the wheel or something like oh my god you see it works because the price went up look because the price of gamestop went from 10 to 500 that doesn't change the nature of that business they're not making any more money in their malls than they were before it's the same failed business and bitcoin at 30 000 is the same bitcoin at three dollars there's no fundamental difference other than the fact that more people own it and they've been willing to buy it but why are people buying gamestop because they think somebody else will pay them more right why are people buying bitcoin because they think somebody else will pay them more why am i buying silver because i know somebody's going to need it right because it's used in industry right and i'm going to store the silver because the people who need the silver are going to pay a lot of money to get mine right but nobody needs bitcoin it's only oh it's only because you want to speculate in it for full disclosure i own a lot of bitcoin too i'm not yeah well you know nobody's perfect but you know what if you sell them now you could laugh all the way to the bank right because anybody anybody who bought bitcoin who sells their bitcoin can make fun of me for not buying it but if you bought your bitcoin and you don't sell i'm gonna be the one making fun of you for not selling because then you're going to end up as a bag holder now because the real problem is the dollar i agree but you know the dollar is a problem because it has no fundamental value right it's it's not it's it's only backed by faith right and that's the same thing that's the same problem bitcoin has right that's why i want something real i want real money right you call it god's money but that's what i want i want the real deal i don't want some new iteration of fool's gold right and also you know peter i've i've built a gold mine in china which i'll never do again because they took it and uh they took it because it was valuable yeah well and then i also built a silver mine in argentina and unfortunately my stock broker said to sell it so i sold it and i'll never listen to those guys again you know what i mean i know what i love gold and silver are god's money and i call bitcoin people's money is so uh can we talk about how game stock is going to affect pensions because this is a book i wrote with a my friend ted siddell who stole my pension yeah and this came out in uh january of 2020 so a year now and my concern is they're going to have to print more fake dollars simply because the pensions are buzzed and their pensions are stuffed with stuff like gamestop games well to the extent that any pensions own gamestop they just got lucky they won the lottery because i'm sure if you're a pension manager and you made the mistake of buying gamestop and now you get a get out of jail free card it's like you won the so they're they're selling so there's probably more pensions that are going to benefit from gamestop because now they're going to get out you know it's these little investors not the pensions that are buying the pensions are run by more sophisticated guys who are fiduciaries they're not buying they're selling um but the pensions in general are woefully underfunded they're investing in the equivalent of of gamestop just you know gamestop is like you know the extreme example but the whole market is overpriced you have all sorts of companies that have crazy pie in the sky multiples and have no earnings that are overvalued just like gamestop um and people are paying ridiculous prices for them like everybody talks about tesla i mean tesla yeah i mean you know they make some nice cars uh but i mean the stock price it has no bearing on any potential value of that business right but nobody cares because people keep buying a stock and there's there's all sorts of teslas out there they're not as big an extreme and they're not as an extreme as gamestop but all the pensions are loaded up with overpriced stocks the reason was because the fed forced interest rates down so low right that the pension funds could not get a return on bond portfolios right which is what they should have so they had to go really out on the risk curve they had to basically take it all to the casino and roll the dice and hope for the best because there was no way to deliver the returns that they were promising with zero percent interest rates so now they're all in overpriced stocks they're going to crash the pensions are broke and you know what the government supposedly guarantees all those pensions well the government is broke too so all the money is going to be printed which means none of it is going to have any value which is what's why gold and silver now
Comments 0