MarkZ (Uncut) 01-29-2025

Coffee with MarkZ and Andy Schectman. 01/29/2025

Hello all, hello Jeff, hello Whip, hello Ms. Calpita, Manhattan born, hello Geno, and have I my RN, Carro, hello Mile High, Hunter Guy, Jeff, whoo, watching daily, it is a fast pace, there is so much going on and so much crazy disinformation and myths, I mean all over the place, you got to dig through it, take the time to actually pay attention, my God, if I was only watching mainstream media now, I would be, well, sounding like an idiot. That’s, oh goody, see there you go, Degu with some plows, back to the grindstone, more crochet, hey, Mal Smiths, hello Todd, hello Joe and Half Pint, hello Jason, I don’t know if this week, I would try not talking about Jason for about two weeks and then just buy her something cool. Let’s see, did Iraq, not yet Trad Tiger, not yet but isn’t it getting interesting, hello Mickey Popejoy, I better stay focused because I need to get it to, yeah, let’s see, yeah, hold on, let me try to find this one, it’s going so fast, I can’t keep up with it, Jay said Nader has a new video out, he was smiling pretty good, he dropped the news before I could drop it this morning, I should have known better, now I’m just messing with him, well done on hat front, we have Treasury, now think about this, think about Treasury, think about Scott, think about all the important things on his plate right now, U.S., no money, having to freeze everything, freezing funding, et cetera,

because the Biden administration spent 30% of the year’s budget in the first 20 days, well 19 and a half days, so it’s a mad scramble, he has so many important things on his plate right now, but for some reason eight, nine days into administration, he’s off to the Middle East and Iraq, a country that has a worthless currency, well I won’t say worthless, but not worth a whole lot, you know, just not much going for it, according to the world view, not ours, we know better, they know better, Middle East knows better, but for some reason it’s an absolute priority to be right there at this point in time in history, I’ll just let you guys figure that one out, why is the U.S. so interested in the finances, they’re making certain they are ready to go, why are we pushing them so hard, yeah, that’s, should be telling you everything you need to know about how close we are to this right now, in my opinion,

Cody boy, it is good to see you in the house, oh wait, she’s gonna try another one against the Trump administration, regarding the OMB policy, we should all send her copies of the constitution, she says, it’s standing for the constitution, right, I think we should all send her a copy of the constitution, maybe she’ll read it, maybe she’ll take the time to actually pick it up and read it, not talk about it, not discuss it, I mean, read it, it’d be so good for her, Johnny 63rd, hello Johnny, I’m loving this one, let’s see, RFK confirmation just started, that’s another huge one, Mark Hensel, beyond hot and fuzzy, now before I can forget, hold on here guys, I’m messing this one up, give me just a second, I’ll be with you, cutting edge, 2024 study shows collagen can have drastically positive effects on skin health,

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Cody boy, I think it’s just right click on their name or they got like a little thing beside them and then you can whisper them on twitch, some of you twitch folks share with Cody boy, tell him how to do it, your thoughts on, well one Don, who said that he was afraid we were going to get attacked at our exchanges, my guess is somebody just put out some horrendous scare stuff trying to get some clicks for their channel, I mean I could be wrong,

I don’t have the basis, the background, don’t know who said what, but it is not anything I’ve heard from any reputable source in the bank, working on the thing in wealth management, not anything I’ve heard from any source period, but not saying it’s not out there, he’s just a little put the mankini on the head, happy anniversary David, 28th wedding anniversary, congratulations, Dr. Herr, keep us up to date on the Kennedy confirmation hearings, please, since you are multitasking and we appreciated all of you citizen journalists, what’s the mountain goat have to say, I am going to try to hurry to get to Andy, he’s going to have to leave a little earlier today than normal, but he will be leaving us with Jason from Glint, mountain goat, this redemption is the newer lower denominations we’ve been waiting for,

yes they will have to execute the project to delete the zeros, we know that CBI must also raise the rate in RFR for just over a dollar within the country to get this project started and create incentives to turn in the dollars, this is really the final push to de-dollarize Iraq, the CBI still needs to break this parallel market, it will crush it, the moment they do that it is crushed, it is over, it is done, the U.S. has already been getting the dollars out of there so that the local currency will be supported, does it make any sense for you guys right now for the U.S., why does the U.S. want the dollars out of Iraq, is it because they’re worried about them going somewhere,

I mean if they’re going to be the global standard for currency they need everybody around the world to use it to support its value, but they’re pushing Iraq to not have it to have their own denar, so I want you to think about the why, it wouldn’t make any sense if we were just worried about the proliferation of the U.S. dollar right, if we just wanted to dominate the whole world’s economy, their currencies, their everything, we would not be pushing to get the dollars out of Iraq, we’d be pushing to get more in, not out, but in, but we’re pushing to get them out for some reason because it supports,

we want to de-dollarize Iraq so that they can denar themselves, huge, watch it, now we’re there in person, it’s huge, Kennedy is taking a pounding right now in opening statements, we knew that was coming, Captain Spiffy, that is how they play, it was an old one, well we do know Basent and crew are doing the Iraq thing, it could be somebody changing a date, would not surprise me at all, but we do have Treasury there and we have stories talking about them coming here and Treasury going there, so we know it’s priority and we know they’re visiting, but I’m not surprised, a lot of people recycle old ones to make it more exciting than it is just to play games with you guys on the roller coaster, not saying that happened, but just that one brief one I saw, two federal banks, oops, two federal banks expressed their readiness to pay salaries of Kurdistan employees, a document,

this is more of the drama we’ve been watching and we are going to get a few more comments, we’re going to go back to that one, did you, well I probably should have started this one with all the U.S. Treasury talk, we’ve already had the first crazy person show up to kill Basent at Capitol Hill with Molotov cocktails, that was arrested what, two days ago, you can’t make up this level of crazy folks coming from the left and we got a lot more on that soon as we talk about their Operation Cute Winter Boots, their code to organize an insurrection of much larger scale,

if you believe the first one was, all right, let’s get back to this one, two federal banks expressed their readiness to pay the salaries of Kurdistan employees, they know where the problem is, they’re like, look, we’d love to handle it, let us handle it, just make certain all the money goes where it’s supposed to, we’ll pay the employees, we’ll adopt it, of course the KRG has been complaining, nobody wants to touch it and it just doesn’t add up, I probably, I had more, I shouldn’t have, all right, we’ll go back to this one, I had a couple more articles on this one that I’ve read this morning but I didn’t post them here with you, on the whole KRG problem, they’ve lost, meaning the faction within the Kurdish government that was pushing for, give us our salaries, no, they’re not paying us, whatever, the people have enough of the receipts now, they know what’s going on, they know that it’s a problem within their regional government, not sending to Baghdad,

we know that Baghdad could still use more cleaning up, every government around the world could, none of them are perfect but they’re doing a much better job than in the past, that’s for certain in their move forward, looks like now that social, the social winds have changed, the public opinion has changed, we will see resolution soon, rumor on the street is Friday, we see the budget pass, that is what we are hearing right now on those two articles, article 14 and another one,

I think what article 14 and 25, as we finish out the HCL issues, now I got a kick out of this one, having spent years in the restaurant business as ownership, so I’ve had a lot of experience in this one but I just love the public perception, the phenomenon of the spread of restaurants in Iraq, legitimate business or fronts for money laundering, I must be just a front, you ever noticed that anytime somebody is successful in a business, they just assume it’s a front, has it ever occurred to them, somebody might want to start a business, they might want to have the rewarding thing, they might have some desire to make a difference, they might like good food but no, the only reason you open a restaurant is you can launder money, I love the mentality that some people have, like dear Jesus, do you not like going to get a lovely bite to eat on occasion, something different,

I couldn’t resist, as I read through this article, I was just blown away by the mindset here, blown away, I think somebody should spend more time in a free market country, now here we go, let’s have a little bit of fun, country’s business landscape has changed, our relationship with America will become stronger with an initiative that Sudanese, Sudani will announce soon, an advisor is telling us, Farad Alladin, advisor to the prime minister of foreign affairs confirmed an article published in English language Emirati newspaper, The National, that Iraq offers great opportunities for American companies in the energy sector, stressing that there’s discussion with several companies including Exxon Mobil, Chevron, what they’re saying is we’re about to get and you can keep going,

here’s a better breakdown, something that’s going to make us much closer, much tighter in a friendly, very positive way, a major announcement that’s expected to be announced soon from Iraq and the US, major announcement soon, you’ve got representatives from treasury there again, the back and forth, we know that he’s going to, that they plan to visit, we know that Iraq has also planned a visit here from their CBI finance, finance ministry to the US as well, we have shared the articles in the last few days, you know it’s coming and now they’re saying that there’s something that’s going to just fundamentally change everything over there, an announcement,

I wonder if that announcement could be a rate change and the cessation of all restrictions on Iraqi dollars, a reinstatement if you will, just hypothecating, I love this, TP, talking heads are talking to themselves in the Kennedy hearing, not sure RFK Jr. is really listening, I’m going to have to admit, I’m going to be paying attention to you guys’ chat a little more than normal, MS Hilton, there is some question as to whether that account is actually Scott, but it is blue checked, so it tells us that they, I mean, somebody would be getting themselves in major trouble posting things like that if we’re not accurate and they’re blue checked, so we know that they are reputable enough that they are fully doxxed, but Bessant did, there was a post on Twitter,

excuse me, X, not Twitter, yesterday, the day before I think, that he’s committed to eliminating income tax, replacing with a fair consumption tax and adopting a gold-backed currency, erasing debt, restoring financial privacy, yeah, no, it’s looking fun, it is looking fun, let’s key, where are you, where do we, actually, I want to go like here, I want to get this banner out of my way, see what you guys are saying for just a moment, politicians, wait, they can be gray checked if they want to be, that’s my understanding, but if I remember correctly, they have to prove that it’s them using the account, not a staff member either, so I don’t know how that works, let’s see,

Bowler, this is a message from Bowler, there are many ships that sail on the sea of life, friendship, partnership, companionship, relationship, hardship, when the storms come to set you adrift, remember, there’s one ship you can use as an anchor, worship, I kind of like that one, hey guys, let’s see, y’all know currency, what percentage normies have it, country girl, one to two percent, maybe, that’s why I keep, you know, everybody’s like, oh my god, all the money they’re going to inject in the world or whatever,

it’s going to cause all kinds of problems, while there are a considerable number of us in the grand scope of things, we are a drop in the bucket, unfortunately, no information on bond and redemption, guys, I’m running in, what, I’m hitting almost 36 hours with no meaningful updates, I believe it would be, I’d have to go back and look when I jotted down my last updates, but it has been dry, it’s been dry since before yesterday morning, so over 24 hours, it’s just a lot of conjecture, I’ve talked to a number of the contacts, but just haven’t had anything new to share for you, uh, she will, they won, we’ve known that it’s accurate, unless you are doing it for a commercial business, um, constitution says that there’s all kinds of legal precedent, you name it, I just shared, Mark, have you seen where the Supreme Court just said no driver’s license necessary in order to drive,

I mean, it’s enshrined in the constitution, they can’t restrict free travel, free travel, public roads, everybody that’s ever had a, uh, ticket for driving without a light warden expired or whatever, I wonder if they’re going to pay everybody back that’s ever paid those fines, uh, Daisy Duke, I’ll have to look, I don’t have time right now without taking away from the program on, uh, the scent, uh, Roy, we were talking about that, some folks were saying that it is an old clip and has been, because we have had treasury secretary in Baghdad before, we had them about the time it changed from about 1500 to 1310, so the question is, is it current or is it old, and I,

I can’t, while we’re live, search through that stuff, look new to me, somebody shared a clip, a recorded clip, not the original, I’m just having fun right now reading you guys, let’s get into it, Gary, uh, they’re just rumors until Friday when, uh, the amendment to 14, wait, 12 or 14, I forget the number on that one, article 12 or 14 and then article 25, they are expected to vote on Friday, all right, RFK opening statement,

let me know how it goes, pad flort, don’t be too concerned with the tribal chief, uh, yesterday, not aware of upcoming payout, I have found that interesting, some tribes, they’ll, they’ll have, like, all kinds of conversations with you and other ones, you’ll talk to some of their leadership and they just scratch their head, they know nothing, but that’s the same thing when we go into banks,

so I’m not too thrown off, yeah, Allie, I’ve seen the videos, sometimes it goes extremely well for them, sometimes it doesn’t go well for them, I know individuals personally that have won in court, won their day and won it with an exclamation point and I know some that have tried and it didn’t go well for them, slowly, slowly, suddenly, right, Joe, oh, Jay-Z, yeah, why do we have to have a license to hunt and fish public land at a friend’s place, that to me is the craziest thing ever, these fees didn’t exist, I mean, how many taxes do we have now, like, hundreds, how do we survive before them, Davey, unfortunately, banking contacts are the same right now, we are all waiting for some actionable news, waiting for actionable news, okay, let’s see, what else do we have, let’s get into other news,

let’s see, we already did that one, a border reporter has never seen anything like this before, the previously wide open border was by choice, according to Fox News reporter Bill Malyugin, published post-Monday outlining how he has never seen anything like what is happening at the border since Trump took office a week ago, let’s see, per sources, border patrol recorded just 582 illegal crossings at the southern border yesterday with not a single one of the nine sectors hitting 200,

I’ve never seen anything this low in all of my border coverage, he urged, he continued, numbers were already flat or low in the final week, Biden bouncing between 1,200 and 400 daily, but the numbers have since fallen off, breaks the numbers down, they had some areas with only 40, we’re talking about areas that used to get over 10,000 in a day, so watching this is huge, here we go, I’m told there were 582 illegal crossings across the southern border yesterday with only 60 happening in Del Rio sector, they’re no longer 1,500 plus being released at ports of entry, on top of that, via the CBP1 cell phone app every single day, terminated, still very early, we’ll see incredibly, numbers hold,

we’ll see if they hold, especially heading into spring, but isn’t it crazy, if you actually enforce the laws, they just work, I know it’s a crazy, crazy thing, but everybody said they couldn’t do it, you couldn’t do it without an act of Congress, you couldn’t do it, whatever, I mean, obviously, that wasn’t accurate, or we’d still be here, Florida, thank you for the super sticker, market is still voting, well, kind of blue-eyed MAGA, they are trying to pound out the final parts for the budget tables, it’s all hinging on the HCL thing, and then we’re over the finish line, we believe,

I’m reading a few of these, trying to keep up with you all, but we do expect Andy and Jason soon, so I just want to make certain I have what we need to cover covered, and let me switch this one around in order, new White House press rules will expand access for new media voices, so many of you guys have reached out to get me to apply, so I can occasionally attend these things, possibly, just so to let you guys know, here you go, it has been submitted, I have officially submitted,

I had had a conversation with somebody close to the administration previously, asking if I wanted to, and I said, absolutely, and they said, well, there’ll be a program soon, and we see the program, we’ll see, don’t know, they can only take so many, and there are a lot of influencers out there, exponentially larger than me, so I don’t know about you, but if I were trying to get the word to the largest group I could, I’d probably pick somebody bigger than me, all right, now let’s get to the rest, this is what I really wanted to dive into today, or should I save it for last, yeah,

let’s save it for last, Monday afternoon, massacre US aid employees placed on leave for allegedly circumventing Trump’s orders, yeah, they tried to hide what they were doing, this organization is also a favorite non-government organization that runs on government money, which means it’s a government organization, and they simply were not upholding the objectives of the current administration, so they quit, you know, hey, you’re on leave, it’s paid leave, but you’re working against us, we’re not going to have you, boy, that upset a lot of people going, ah, but they do some important work too, ah,

but this, ah, but that, ah, guys, if you’re the boss at work, and you ask your employee something reasonable, legal, well within their job description, and they just blatantly work against you, let’s say your business is making microwaves, but for some reason they’re fixated with making a toaster, would you keep that employee, I mean, you don’t sell toasters, you sell microwaves, you’re trying to build microwaves, but they keep giving you a toaster, do you keep an employee like that,

or let’s say that they’re actively trying to undermine you and cause problems, like knowingly sabotaging what you want done, you outline your direction, this is what we need to do, this is where we’re going, and they actively make certain that you can’t get there, yeah, you’re on leave, you’re out of here, why have we not tried this before, I mean, is this not common sense, this sounds a lot like common sense to me, all right, now let’s get into this one, about the cute winter boots, a code to bypass TikTok algorithm in organizing project mayhem, they got a project, yes, thousands of radical leftists are currently organizing on TikTok to disguise themselves, protest and kill Trump Republicans, this is according to them, not us, according to them, this is what they’re pushing for,

they want to go after CEOs and CIS people, in case one of you guys want to know what CIS is, we’ll work through some of your pronouns, and kill CIS people users are obfuscating bans with phrases such as cute winter boots, videos reference Luigi Mangione’s, deny, defend, depose, they’re using, and to increase the exposure, they tag things like Taylor Swift, and other major pop culture references, they hide it in their videos,

they’ll put it in here, so that it gets more views, so that they can spread their project mayhem, of course, their project mayhem is to go after conservatives, America first people, and the evil, evil, evil CIS people, have you guys, have we talked about CIS people yet, have you figured out who those are, if you’re straight, you’re CIS, meaning if you identify as the gender you were born, you’re CIS, well, according to them, many of you all need to die or be punished,

I guess, there’s some inherent sin, and I don’t know, but I find it interesting that the mindset is before, look at Stonewall, how many folks that did have an alternative sexual orientation had to work so hard for acceptance, they finally get it, and there were some important things done to people in the name of, I don’t know what you want to call it, but now it’s gone the exact opposite direction, that’s a scary, scary thought, and they’re hiding it with all of these cute words, I’m just wondering if we should start hiding ours, or increasing, using words like cute winter boots, or adding Taylor Swift to our post, or whatever, just to amplify our message about changing the world, maybe we should say, use gold, fiat’s dead, and then put in cute captions, like, hey, check out my cute winter boots, and don’t talk about boots, we only talk about the need to change the financial system, but yes, the project mayhem, as they attempt to,

well, radicalize many, how many people are going to get injured, hurt, killed, maimed, because of this movement, the unhinged left, oh, it’s probably not the best conversation to have before you get in here, I want to have a serious financial conversation, hi Mark, hello Andy, how are we, so do you feel targeted, no, good, I mean, I thought about it, you know, I talked to a guy who is fairly well connected, he says, yeah, Andy, there’s lots of three-letter agencies who know who you are, I try to be respectful, you know, I don’t, won’t speak outwardly amongst, about the government, per se, I mean, I guess you could say I have, but more along the lines of, you know, patriotism, that kind of thing,

and how we lived in a world that didn’t make any sense to me whatsoever, I don’t know, man, it’s one of these deals where I think if you are trying just to do things respectfully, it’s okay, you know, I’m not trying to incite any violence or any anarchy or whatever, you know, I don’t know, man, it’s all one of these deals where, yeah, I think about it, and also, you know, I’ve been on shows with guys like General Flynn and Kash Patel, and I felt more kind of, after doing those shows during the previous administration, I felt more in the spotlight than normal, but it’s all good, you know, I’m a patriot, I love my country.

What are those guys like now that you’ve done some stuff with them? Kash Patel looks right through your soul, he’s the smartest, smartest dude I’ve ever spoken to in my life, and I’m dead serious on that, just an encyclopedia, bang, bang, bang, bang, bang, bang, like without even a second thought, General Flynn just oozes coolness, there are a lot of people who gave me shit for being on the show with him saying he was a traitor to the country, which I found to be disgusting, but I found him to be very cool and a true patriot, and the media portrays these guys in such a negative light that they are vilified without really understanding what they’re all about,

so, and I owe a lot of those relationships to a guy named Clay Clark, who’s introduced me to these guys, and in general, I think, yeah, he did, well, we should all thank God that Kash Patel is running the FBI, I’ll put it to you that way, this is a guy that will very quickly restore confidence, and he will not, pardon my French, fuck around, he will not, and you see that, his eyes pop out of his head, man, and when he’s talking, they look right through you, and I don’t know if I’ve ever been intimidated talking to anyone, which I’m usually not, I was borderline a little shaky talking to him,

because he’s so smart, and, you know, you don’t want the guy saying, really, I talked to another guy named Kyle Serafan, who was the FBI whistleblower, he’s another really cool guy, and he couldn’t speak more highly of Kash, but he’s a guy that wouldn’t be bad to have on your show, he has his own show, but he’s a very interesting guy, and he testified in front of Congress on the FBI and their stupidity during the previous administration, and the things that they did, that’s a guy who’s got,

you know, bowling ball size balls, because, you know, you’re stepping out into the limelight, and openly testifying against the FBI, so, interesting to be associated with these people, they’re all American heroes, in my opinion. Now, yeah, and to me, the whole judging thing, I just, as a Christian, I’m told God judges, so that’s his job, all I know is how they have worked with me, or individually, some of them, some of them not, or whatever, so I try not to just, bam, this is who you are, without real proof. Exactly, and I think, you know, hopefully we get into a, you know, this, what this new administration does is restore the culture, restore credibility, and just do things the way that we all have grown up understanding things need to be done.

That’s what I’m mostly hoping for, have you, Jason just texted me and says, if you got the link for Mark Z, I can’t find it. Ah, I put it in his email, but, if you got another, forward it on. I’ll do it right now, just a minute, sorry.

I probably messed up and sent it to his Glint email. Oh, that’s the right email, just a second. Reading a few of these, it will be good to get them in, so many people just want to have him, have him back, they wanted to ask more questions.

Many people right now want to know, I mean, there’s been a massive movement suddenly, I mean, it was already happening, but with the states, and options, and metals, and where are they all, I mean, where are all these states suddenly getting their metal to do all these things? What do you mean by that? A number of states are from a Texas repository to different states, different states saying, hey, we’re going to start adding physical metals to our state reserves, and state accounts, state holdings. Well, Jason can answer that regarding the state of Utah. I have been dealing with one of the municipalities in the state of Florida who have been interested in discussing that exact topic.

I think Texas is different, I mean, Kyle Bass was running at one point the hedge fund for the state of Texas teachers union, I mean, it was a huge retirement account, and they bought, if I remember correctly, this was years ago, somewhere in the neighborhood of a billion dollars worth of gold out of GLD. They bought it in GLD, and then they stood for delivery on it, because they had enough of it. I’m sure much of that is in the Texas bullion depository.

It’s an interesting thought experiment. Well, we can use Texas as an example. I mean, imagine Texas does issue this digital currency that is redeemable in gold.

At that point, I could see if time were to elapse where there’s great confidence in the system, in the state, in the ability to redeem it, that people would just exchange their gold into the system, give it to the state, the state would hold it in the depository, their account would be credited from a standpoint of utility, and if they want to take possession of it, they can. I could see that transition happening, but we’re a long ways away from that because of lack of trust. But a lot of these states who are saying they want to add it to their state stockpiles, I don’t think a lot of them have actually bought it yet.

I think that they’re assuming that it won’t be a problem to get it. I guess we’ll have to see how that all plays out. But yeah, this is all a growing trend, you know, and there’s 11 states that have approved it, there’s 21 states have in front of their legislature.

Well, I guess we’ll have to see. I’m just not sure how many states have actually added gold to their stockpile. I don’t think there are that many yet.

Not too many yet, but the whole movement to me is big, and Jason has found the link, so we should see him very momentarily. Any big swings in movement? Do you see a lot of people moving money into IRAs now, or are they suddenly feeling like, no need, Trump’s here, my money’s suddenly safe? I’d just like to remind them, fundamentals are still broken. Banks are still overexposed, derivatives are still biting them in the nut, and the whole world’s trying to, well, not the whole world, but much of the world is trying to sabotage the fiscal responsibility that the new administration’s trying to bring.

Yeah, I mean, that’s one of the things that I talked about on my live stream that I did last night, is that I’ve never in 35 years seen a market like this ever, never. We’ve done $11 billion in sales, Mark. I’ve done this since I was 19 years old.

I have never, ever, ever seen anything like this. I spoke with one of your listeners a week or so ago, and she was upset, and I would say mildly confused as to the way things work. And it is something that, I don’t know, I know you’re going to have Jason on here, and I’m limited in time today.

I can try and discuss briefly, and that is the concept of premiums. During the pandemic, premiums were parabolic, and we were paying really high premiums to buy coins from the public or from the mints or whatnot, and getting product was next to impossible. Told people to buy bars instead of coins because the coins were $10, $11, $12, $15, $16 over the price of silver.

What we’ve seen now is a 180-degree reversal of that. You have the Trump trade, this euphoria surrounding kind of what we were saying about cash. It’s almost like we lived in bizarro world for four years, like this can’t be happening, right, in every metric.

I left Minnesota because of it and moved to Florida, a place I said I’d never leave. I loved it there. It was a great place.

I didn’t care about the cold. I shoveled my long drive. I put on my headphones, and I’d be out there for three hours shoveling.

I enjoyed it. I snowmobiled. I skied.

I never was bothered by the cold. None of that stuff mattered to me, the taxes, none of it. I loved it there until it became bizarro.

I think all of us had our own feeling about that over the last few years, but when Trump came in, and we can see he’s reversing that, he’s gaining credibility, he’s gaining legitimacy by most, even some of the left. He is holding true to his word and giving us back our culture, but that doesn’t translate into changes in the monetary or fiscal policy or what inflation is ultimately going to do. This exuberance is in some degrees justified, in others, it is irrational.

Right now, you have had not only a good deal of selling of gold and silver, people sold, capturing some profits that they made, putting it into the risk-on trade like NVIDIA, which fell by 18% just like that when the new Chinese, what is it, Deep whatever, Deep something came out, the AI platform, 18% in one day. People have been buying the risk-on trade, Bitcoin, NVIDIA, Apple, MicroStrategy, you name it, at the wrong time in my opinion, and others have been sitting back and waiting to see what will happen, what can he do, what can’t he do, how’s it going to unfold, not making purchases. Lots of softness in the retail market.

At the same time, you look at every article you find on gold and you will see that the central banks are doubling down their efforts in accumulating it and repatriating it. In fact, the last two months of the year, the numbers were double the 12-month moving average in gold accumulation by the central banks. The big money is not stopping, they’re using this misdirection, if you will, into the Trump trade, into the risk-on trade to, I guess, with very little difficulty, continue to accumulate.

What we are also seeing is great shortness of physical product around the world in the big exchanges. I’m talking the big product, the 1,000-ounce silver bars, the 400-ounce gold bars. You have the public who’s been selling and the premiums have been coming way down.

At the same time, what is really making this whole situation very strange for me, where I am dead serious, honest to God, I have never seen an environment like this in 11 billion in sales in 35 years this week. February was 35 years. I started February of 1989.

I think that’s what it was. Anyways, it’s been 35 years that you have the allocations that come out. A company like mine, in order to remain relevant and keep my position with the distributors and the mints, will spend $50 million on 2025 product, maple leaves, philharmonics, eagles, buffalos, kangaroos, krugerrands, britannias, all of this stuff, much of which I’d rather not buy.

I have to. It’s an obligation. I want to remain relevant, want to keep my pecking order, and so we outlay a tremendous amount of money.

Our clients want the 2025 stuff for all these different mints. We outlay a tremendous amount of money in operating capital to buy the 2025s, but so do the distributors, the primary distributors who are spending $75 million, $100 million, $300 million, $400 million, $500 million, big, big distributors to buy the current issue product. They’re also taking stuff in.

There’s tremendous softness. I have never seen, from a standpoint of premium, whether you’re talking anything, for that matter, that is not current issue, I have never in my career seen a better time to buy and a worse time to sell ever in terms of premium. Now, my premiums will be higher than anyone in North America, higher than if you’re selling back to us, but I want people to understand that in my whole career, I’ve never seen a market like this, this confluence of events, the Trump trade, the exuberance, in this case, irrational, and the 2025 allocations that are massive obligations at the beginning of the year has created a very unique opportunity.

It’s a buyer’s market. That’s all I can say, and easy for a guy who owns a metals company to say it. As God is my witness, I have never seen anything like this, never.

That, to me, is one of the big changes. Hello, Jason. How are you, brother? I’m good.

Thank you. How are you, guys? We are well. We are well.

It is good to have you in here. I’ve been talking about just the metals market and some of the stuff we’re seeing in states, and we’re going to let you expound upon that one. Yeah.

I mean, just while you’re on that subject, I mean, Andy, what about the, I don’t know if you covered it before I joined, but I mean, literally, there’s no investment-grade bullion to be had in the US because everyone’s holding it in case Trump puts tax on imports of gold. That’s right. And not only that, so what you’re seeing is the eligible category in COMEX goes straight up.

The eligible, so on COMEX, there are two categories. There’s eligible and there’s registered. Eligible means, like, we have, I have nine Brinks locations around North America.

The one that is COMEX is New York City. And we have two clients that have, each have over a few million ounces of silver and thousand ounce bars. Those are eligible.

They’re in the COMEX ecosystem. They’re not for sale, and they’re not available right now if someone needs delivery, but they are eligible if one of my clients says, yeah, let’s sell it, or we decide to empty out our storage account at Brinks JFK. That could then be transferred into registered.

So registered means they’re available for delivery and they’re actually the bars that stand behind the contracts that are issued. So yes, as all of the silver and gold have been coming into the eligible category, they’re not for sale. At the same time, they’re bleeding dry London.

What Jason is basically saying is that if you look at, like, the rehypothecation on the silver market in the United States, I haven’t looked in a little while, but it would not surprise me to be somewhere in the neighborhood of 2000%, meaning for every one person who owns a contract, which represents 5,000 ounces of silver, 5,000, 1,000 ounce bars, there are 19 others who all have the same contract. And if everyone stands for delivery, it’s a problem. It’s cash settlement.

It’s force majeure. These are naked short contracts. In other words, naked, meaning there’s no silver standing behind it.

If I short, I’ve got my two pairs of readers right here. I got a 5,000 ounces of gold in my warehouse. I sell 5,000 on paper so that I’m market neutral.

That is a short position that is covered. I am doing it to mitigate exposure to market fluctuation with my inventory. But if I’m a speculator or a commercial bank trying to drive down the price, I naked short.

I got no silver and gold behind it. I just short, short, short, short, short, drive the price down. Well, if Trump puts, one of the things that you can do when you sell short, if I sell short and Jason goes long, takes the other end of my contract, most people forever have just cash settled.

They’re speculating or offsetting risk like me. But what if Jason says, no, no, no, I want the metal because that is an option. I’ll stand for delivery.

Thank you very much. And they’re very nervous about this because if the tariffs come on now and you don’t have the metal and you have to get it from London, where it’s called exchange for physical, where you take that contract, you hold, you’d send it to London for cash and they send you the bars back in exchange to the United States. Well, those bars coming in would have a tariff, which would turn it upside down.

And that’s an existential threat to some of these short positions, put them out of business. That’s what they’re doing. They’re bringing all the metal here in preparation for something like this.

But what it really does, even with time to prepare, it shows the fragility of the system that one thing triggers. Imagine if he had just popped this on the market and didn’t give any forewarning what would happen and blow up the COMEX overnight. So we’re that close.

It’s that fragile. And it’s a very, very interesting point. I’m glad you brought that up, Jason.

Yeah, it’ll be. I don’t even know when to start peppering you with questions, but we should probably talk about the market and some of those things first. But Trad Tiger just wants to know if the glint balance fluctuates with the price of gold.

Yeah, of course. Like every millisecond at a millisecond level, you’ll see the balance changing. We update the app every kind of 10 seconds or something like that.

But it’s actually fluctuating in the background every millisecond. Here’s a question for you guys. I clock.org. And they’re saying right now we have about 380 paper ounces to one silver ounce in the system, 127.53. Let’s just say 128 gold ounces of paper, paper ounces, as opposed to one physical because you were kind of touching on that, Andy.

And I was just like, at what point does this shell game end? Because you know, it’s not real. I’m sorry. Say that again, Mark.

What time does the shell game when you look at the number of paper ounces that they’re out there, paper contracts, paper, whatever, as opposed to the actual and the physical. I mean, when does this musical chair thing stop? I mean, this is the kind of thing that ends it and would have to end it. The reason they’ve been able to play that game, Mark, is because for my entire career, no one ever stood for delivery.

Less than 1% did. It wasn’t ever set up as a delivery mechanism. But in 2020, we started to really start to see that it was as if Pandora’s box was open.

It’s because I think the reality of it is that the folks that are trying to accumulate all of the stuff, like you look at China, everything they’re doing is driving towards commodity accumulation, the Belt Road Initiative. Every one of the countries is resource rich and underdeveloped. 75% of human population.

You look at the countries, the BRICS countries, same thing. They’re all resource rich. You look at the Chinese bought the LME, the London Metals Exchange in Jason’s backyard.

Those are the bars or the base metals, rather, copper and zinc and lead and steel and that kind of stuff. They own it. They own it.

Let that sink in for a moment. They’re going all around the world and buying up the Dory and the concentrate. They’re doing anything they can.

So in terms of the rehypothecation, the gazey number, and that’s the exact same thing that the Hunt brothers noticed in 1980, by the way, that there’s way more paper than there are bars that stand for delivery. Buy up all the contracts and stand for delivery. Price will go parabolic.

Well, that’s the thing. Since 1980, after the COMEX changed the rules saying you can be as short as you want, unlimited short, but you can only be long a certain amount, and they had to sell those contracts, which pushed the price down, not as many people have ever challenged the system to stand for delivery. The Chinese and the Saudis and the Russians, all of these through proxy banks, through sovereign wealth funds, they understand how to do it, and they do it by death by a thousand paper cuts.

Little by little, they’re draining the system, not doing it in a manner to ring the alarm bells, but slowly enough. And from different exchanges, they can drain the exchanges in Brazil, they can drain the exchanges in Shanghai, they can drain the exchanges in Dubai, which they’re doing, which doesn’t affect really the price because the price is set on COMEX, doesn’t get the attention, but they’re doing it slowly enough to make a big difference. They’re shrewd, they’re smart.

So it is one of these things that little by little, then all at once, and that is logarithmic decay in and of itself. They are doing it in a manner that allows them to accumulate as much as possible without setting off an alarm because the world is awash with money, looking for a place to put it. Right now, it’s in the risk on category, which allows them cover to continue to do what they’re doing without really getting noticed.

So yeah, it will happen until it does. We’re playing right into the hands of the folks that are trying to, who realize that he or she who has the commodities makes the rules. It used to always be he or she who has the gold makes the rules.

Okay, get that. But it’s deeper than that now. It’s all the base metals.

It’s everything. It’s what do you need, like in all those phone games or the art of warfare, whatever they’re called, where you start with nothing and you hammer and you build a city. And what do you need to build your city? What do you need to build your civilization? And that’s where we’re moving towards.

And they’re shrewd enough to slowly drain the exchanges. I think it’s happening, but to put a timeframe on it is next to impossible because it’ll happen on a Sunday night as a last gasp measure. And Trump won’t stop that from happening.

At least his policies won’t. I think it’s going to happen on a Saturday night to Sunday morning or an overnight. I mean, so many things financially around the world reset in that time period or balance in that one.

And I think the Oh Jesus moment comes in the wee hours of a Sunday. Yeah. And there’s a reason.

I mean, it did not fill me with joy to see that the doomsday clock, I don’t know if you know about that, but the doomsday clock symbolizing how near humanity is to destruction has moved one second forward to 89 seconds to midnight, the closest it’s ever been. And of course, I was going to say it, it skyrocketed over the last few years close to it, but a lot of unsettled things. I got a question for you guys.

I was sitting here looking at this one. We look at U.S. monetary base now, 5 trillion, 567 billion. And back in 2000, it was 607 billion.

I mean, look at that growth in our monetary supply, our credit and derivatives in 2000 out there for the country, 88 billion. Now we’re sitting at 722 trillion. Did nobody see the parabolic growth? I mean, am I just alone out here? Nobody else paying attention? Well, you’re not.

But I mean, is that a good point to segue into what the U.S. states are doing? That’s a great time to segue into what states are doing. Some of these people, these legislators and people, a groundswell momentum is doing something really quite incredible. And you may or may not know about it, but this is one of the biggest opportunities you’ve ever had.

Jason, before you finish, let me just interrupt you for one second. I’m going to have to jump off in five minutes, as I told you this morning, Mark. I have somewhat of a fire that I need to help extinguish, and I have to be out of here in five minutes.

So as you’re going, Jason, I’m just going to wave goodbye. My apologies. You can stay on, but I have to leave in five minutes.

Just before we start, we’re going to talk about how the U.S. states, I mean, let me just share this screen, present, share screen. Now, Andy, if you need a whiskey tonight, I’ll send you a link. I really do need a whiskey, as a matter of fact.

So yeah, send me a link, please. Okay. So we’re going to talk about here is there’s an economic justice initiative by U.S. states to use the constitutional power that they have to leverage electronic transactional gold platforms to enhance, as they call it, the long-term economic stability for citizens’ business in the state.

This is unbelievable. Before you go, Andy, you know, we’ve been talking about this a lot. Just what are your kind of feelings about this? I think if someone would have told me that this would happen at any time in my career, I’d say, you’re crazy.

There’s not a chance in the world that it’ll happen. But there is no question that we are seeing more and more states realize that to inflict this type of monetary insanity on their constituents is not fair. And that’s why you have more and more and more states.

And I was telling before you got here, how one of you and I have been talking about one of the municipalities here in Florida has reached out to me. You’ve done extensive work with states around the country, and it’s a growing expansion. You have almost half the country realizing that there has to be an alternative to just keeping your wealth in a currency that’s losing value every day, while gold is going the other way.

I think it’s amazing. Yeah. And I think the opinion in the central banks is that the dollar still remains the medium of exchange for the whole planet, and that’s not going to go away anytime soon.

But I think there is actually now beginning to be an acknowledgment that as a store of value, yes, the dollar is maybe not the only thing you want to be using. And why shouldn’t people be able to use God’s money, gold, as a store of value and still be able to transact with it in the economy? I think really what they’re holding onto is the fact that the dollar is still that medium of exchange. They can use that to control the world.

They’re still at the center of all of that. But I think I’ve seen real opinion from central bankers saying, yeah, why shouldn’t people be able to protect themselves from inflation? But we’ll jump into this now. So here we go.

That’s an interesting number. Here we go. That’s just… Can we share my screen? Have I lost it? Oh, no.

Can you bring it back up? Okay. So this is amazing. This is one of the most important things that has happened in my lifetime, as Andy said.

Let me just try and get my presentation up. And I myself, when I set up Glint, never thought this was going to happen. And it is happening.

It’s something you all need to be aware of. And it’s something you can affect. So you better be listening.

And please take some notes, because this is your destiny. If you ever wanted sound money in your country, this is your opportunity, because this is happening. But it needs the support of the electorate.

So obviously, you know a little bit about Glint, most of you. By the way, I want to have big shout out to all those people who signed up after our last… It came on the podcast. Jason, speaking of that, do you still want to use the Andy24 code if they are jumping in? Yeah, we’re leaving that on a little bit longer.

If you type in Andy24 during registration, you’ll get a free card, a free Glint card. It’s worth about $10. You won’t have to pay $10 for it, for the delivery of that.

So yeah, remember, Andy24, when you download the Glint app from the favorite app store, the iPhone, or the Android app stores, then type in Andy24 during that registration process. But yeah, we had a great response and lots of great feedback to our client service team. But thank you about that.

So yeah, why am I talking about this? I mean, Andy said on his show yesterday, it turns out this guy, Jason, has ended up being one of the leading experts in transactional gold at the state level. And that’s simply because we’ve enabled gold as money. And when the state’s legislators, but also the treasury department and the finance department say, what are you talking about? How could you possibly make gold money? This is a really complicated project.

And then I simply maybe buy them a coffee with Glint. They suddenly go from that to, hey, this is easy, isn’t it? You’ve made it really easy. We need to get this done as quickly as possible.

So it’s been a real privilege for me to be touring from one state to another, meeting legislators in the House and Senate of each state. It’s been fascinating. When I think just about what you can do with money, this just occurred to me, I know it’s a total sideline thing here.

But I want to ask, just to give you an idea of the power of it, and I don’t know, but I would assume. I love you guys. I got the wrong thing up.

Like Freedom Forge Coffee, we have a coffee company. Have you started setting up with vendors where they can take Glint pay, so it would go as Glint from one to the next to pay for goods and services? Yeah, we haven’t switched that. And not work as a Visa MasterCard, I’m talking about.

Yeah, you’re talking about one app, one account to another. That’s our peer-to-peer system. That’s live everywhere in the world, except that we haven’t switched it on in the US.

Because we’re trading very carefully, Mark, we want to make sure that there’s no excuses by any federal bureau or anything to shut us down. And so we’re making sure that all the I’s are dotted, all the T’s are crossed when it comes to regulation. But we will be bringing it.

And of course, this legislation is going to be a big part of this, the state authorizing gold as legal tender, transactional gold. But why are they doing this? I think, again, this is the kind of video that’s going to get new viewers listening to you, Mark, and they might not have the same education as some of your other viewers. So let’s just quickly go through what are these states worried about.

So if we just bring up that chart again, and if we could just kind of leave it on, that’d be good. I’ll whiz through them, promise not to kill you by death by PowerPoint. But this is the chart.

This just kind of describes what people are worried about at the state level. The legislators are worried about that government debt, nearly $37 trillion. And as Andy always says, a trillion seconds ago is something like 31,600 years ago.

It’s a really big number. Trump’s not going to be able to make it go down. $37 trillion, we’re nearly at.

It’s huge. They’re worried about inflation, the destructive effects it has on the electorate and the people, ordinary workers and stuff in their states. And they’re worried, of course, about the financial system and what could happen like it did in 2008.

Could that happen again? We came literally minutes away from the whole financial system coming to a halt. And that’s one of the reasons why I said it didn’t in the first place. Of course, there’s a reason why that doomsday clock is getting closer to midnight because of all the military conflict around the world and what AI could do to our societies.

And this wealth gap, you know, those closest to the money supply, this hosepipe of money that’s been printed into the economy, it benefits the haves, not the have not. So as one of the US legislators said recently, the have nots versus the have yots. They’re able to buy assets and benefit greatly from this money printing.

And slightly lesser concern maybe during this administration, but central banking, digital currencies, I don’t think have gone away. You know, there are plenty of governments around the world and plenty of people in America still who would like to implement them. And I think like you maybe, or certainly Andy and I, we think this is one of the biggest threats to civil liberty, should they take effect.

So as a result, they want, you know, they’re wondering what can they do about this? And this is this problem, you know, just the government debt alone was kind of amortized in the US Senate Resolution 600, that officially the US Senate recognized the national debt as a threat to national security and realized that deficits are unsustainable and committed to preventing the looming fiscal crisis. Well, I’m not sure they can stop that. But the states are thinking, what can the states do? And, you know, so let’s look at that.

You know, gold, of course, is the proven store of value. Again, most of you will know this, there’s the purchasing power of gold going up over 800% in my lifetime, but of course, fiat currency losing most of its value nearly over 83% of its purchasing power in my lifetime. Here is a chart I show a lot and the states are showing, I’m showing this in the in the Senate and House committee meetings about this that shows, you know, 20,000 grams of gold or thereabouts bought you a house in 1970, the year I was born.

And that was also $20,000, bought you that house, a whole house. And now that $20,000 doesn’t even buy you the deposit or down payment on the house, yet the 20,000 grams of gold now buys you three houses. I mean, which currency would you rather have? And then of course, this obscene money printing, you know, you can see that it lines up perfectly with the growth in the wealth of the top 0.1% of the country.

This is by the way, the stats from the Federal Reserve’s own stats, 0.1% are benefiting from this money supply where the bottom 50% of course, are not doing. So money printing fuels inequality and it lifts those billionaires whilst leaving everyday people behind. And, you know, a lot of Americans already buy gold and you know, 79% of those Americans are either considering about 38% of it.

So 41% already have bought gold. That’s a stat from the World Gold Council. And last year, 18% of Americans said it was the best and most important investment.

So it’s obviously on the minds of everyday Americans. And now what is incredible is that U.S. states are passing laws for transactional gold as currency. You know, if you don’t know already, the U.S. Constitution allows U.S. states to do this.

It allows them to use gold as money. It says in the U.S. Constitution, no state shall make anything but gold and silver coin a tender and payment of debts. So it’s saying no state may make its own currency because we don’t want a load of fiat being created by these different states.

But of course, you can use gold and silver. And that’s remained in the Constitution, Article 1, Section 10, Clause 1. And so this is something the states have every right to do. And so they’re passing legislators and treasurers.

I thought it was about 20 states. I found out yesterday another three states are interested in doing this. But what are they looking to do with the legislation? Well, authorize transactional gold platforms to enable people to use gold as money.

And they’re also considering other things like allowing taxpayers to pay their state taxes in gold, allowing employees to have either all or a portion of their salaries paid in gold, and suppliers also. And when they’re working with vendors to be able to have those contracts done in gold. So it’s phenomenal.

In fact, there are other ideas as well. But it’s really amazing, this grassroots movement that’s happening. And look at all the states.

Everything’s happening so fast. I think this slide is already out of date. But look, if you look at that screen, is this one of your states? And as I said, there’s three more.

But are you in any of these states? Utah already passed legislation last year to do with this. I’ll explain that in a minute. They’ve started buying gold for their reserves.

They’ve got legislation that’s being published now. It’s going to go through this session right now over the next few weeks. Texas, they’ve already built their gold depository as part of this initiative a few years ago.

Legislation over the last week or so has been submitted. In Florida, they’re also working on this. They’re getting on with stuff they’re expecting.

So I think legislation to be submitted any day now. And this goes on Louisiana, Kansas, Iowa, and so on. Your state is more likely than not to have been involved in doing this.

And if not, you should find your legislator and say to them, do you realize what all these other states are doing? You should get behind this. And because it’s kind of like an economic justice initiative, the Democrats are also getting behind it in some states. They’re co-sponsoring some of the bills.

So it’s really important that you educate yourself. I’d say go to transactionalgold.com. Transactionalgold.com is a website. It’s not run by us, but I know the folks who do it in Texas.

And they’re trying to keep everybody educated and up to date with all of this. They’re doing a fantastic job. And find out who your local legislator is and tell them that if they’re not sponsored, well, give support to the legislator who is doing this legislation and tell your legislator that you think they should be voting for this because it’s got to go through.

This is the opportunity right now for you to be able to vote sound money into the country and into your state. Here is Mike Schultz, the Utah Speaker of the House, one of the senior leadership saying, it is important for Utah citizens and businesses to have a variety of options for storing and exchanging the value of their labors, including alternative payments and precious metal investments. So this isn’t just coming from the legislators who, by the way, I’ve got to take my hat off to them.

I’ve met them across the country. They have to hold down regular jobs whilst they donate their time and their efforts to helping their state. And I see that this is actually, it’s getting momentum all the way at the senior leadership as well.

And this is the last year, the Utah state legislation instructed the Treasury Department to have a precious metals work group. And here they studied the role of precious metals to advance the precious metals industry and the economy of Utah. And the recommendations that came out was that we should, they should, authorize a gold-based transactional platform.

And there are other considerations included with payment with gold and silver, such as taxes, state employees, vendors and other stakeholders. But this wasn’t just a bunch of enthusiastic gold-sound money people like me, apart from Ken Ivory, big shout out to that man. Obviously, other state legislators, I haven’t got all day to talk about them all, but they’re all doing a fantastic job pushing this legislation.

Marlo Oaks, I mean, he’s like something out of a Ayn Rand novel, Atlas Shrugged. He’s the Utah state treasurer. He’s very enthusiastic about this.

But also Gary Crittenden, he’s the former CFO of American Express. And listen to this, Randy Quarles, former vice chairman of the Federal Reserve. Again, saying, look, we don’t think that the US dollar is going to be going away anytime soon, but why shouldn’t people be able to save in something like sound money like gold and be able to use it for spending later on? So this is real.

This is really, really happening. In Florida, just another example, Jimmy Petronas just came out before Christmas. And he said, gold and silver have been trusted assets for thousands of years, and it makes perfect sense to use them as legal tender.

And I’m launching, he said, this study to determine the best way to get it done. I’ve also included in the framework of the study that gold and silver cannot be taxed as property for the purposes of using them as money. And that is a fascinating point, because if or when any state, even just one of them, let’s just say it’s Florida, enables or authorizes gold and silver as legal tender, what’s going to happen? Now, some of you would say, well, nothing, because, you know, Utah did this, a number of states did this previously, they made gold and silver specie legal tender, and nothing happened.

In fact, the IRS decided they were going to tax gold coins as a collectible, they would say it’s collectible. Well, hang on, you say, well, it’s but it’s a currency, the states have used their constitutional rights to make them a currency. And the IRS said, well, look, in the spirit of the Constitution, our interpretation is that this needs to be yes, a currency, but you can’t tell us that gold and silver coins can be used to pay for your coffee and Starbucks or book a flight with American Airlines.

That’s not how it works. And so we’re going to treat them as collectibles and even tax them even more than a normal investment. Well, they’ve kind of shot themselves in the foot there a little bit, or they’ve certainly made it really clear, because it means that if it’s legal tender, and it is transactional, then of course, many believe at the state level, the attorney generals that the capital gains tax on one of these platforms should fall away.

That would be phenomenal if that was to happen. But his study is going to focus on you know, gold and silver as currency for goods and services and transaction gold and silver exemption from CGT. So this is an example of what is happening across the states.

But some of you, especially those who signed up the other week, for a glint account might be saying, well, hang on, if glint, if the system like glint already exists, then why do we need the state? Because I can already put myself on your own personal Great question. You know, and I think, yeah, absolutely, you should get on your own personal gold standard right now, get that free card by typing in Andy 24 before the offer goes away. But these are the two reasons why the states need to get behind it, because they need to protect your rights, your constitutional rights to use gold and silver as money should the state do it, you know, glint is a company, we can’t go to the IRS, we can’t go to the Supreme Court and say, hey, you know, this is not fair.

This is gold and it’s transaction, it should be free from capital gains tax, we can’t do that. And yet the state can, if the state does this, the state can protect the rights of you. I mean, the constitutional founding fathers had this most amazing system where the state governments could keep the federal governments in balance and vice versa.

And many think that the federal government power has got a bit too big. And now the states are coming back to balance that power. And of course, you’ve seen the Trump administration signaling very clearly that they’re behind securing the rights of the states.

So a lot of people are not expecting any kickback from the federal level when this happens. And of course, yes, advocating for the IRS to remove collectibles capital gains tax from gold, we can’t do it. A private company cannot authorize gold as money.

Only the states or the federal government can do that. So for instance, Bitcoin is transactional, but it’s not legal tender. Gold though, if this passes, and it’s in your hands, you just got to pick up the phone and tell all your friends, do you realize what’s happening right now in your house and Senate capital buildings, you need to get on the phone right now you to get on your email, we need to build an army of people to get behind this and support these legislators because they’re doing wonderful work and they need a lift, they need a hand.

So what can you do about it? Well, as I said, support your state’s bill sponsor, tell your state reps you want this and go to transactionalgold.com and educate yourself about it. And then listen to updates, which I’ll be happy to give Mark should when they come, if you want me to. We’ll drag you in regularly.

Tell me when you’re ready for me to pull the PowerPoint down. Yeah, I think you just remind you guys had a phenomenal response. People really appreciated last time, but some of you didn’t type in Andy 24 during the registration process.

And we had a big influx of customer service inquiries during the registration process. When you type in your name and your details, there’s a point where I think it has enter your promo code or referral code. That’s your opportunity to type in Andy 24 and then you’ll get a free card sent to you.

And yeah, guys, Andy does make certain that I don’t worry about who gets credit on that. Andy 24 is the way to go. Now, I did have some saying, was there a minimum? In other words, did you have to buy gold after you signed up for the card before they would? Yeah, we have a lot of work to do in terms of, you know, we have to do KYC and things like that.

There’s a cost to us. And so we say, well, the least commitment, the commitment we would like to ask of you is that you buy a little bit of gold. So once you go through the registration process, before you go into the app, you have a choice of, I think, a few different numbers you can put in, but you can click any amount if you want.

You can say, I’ll enter my own amount. You could put like, you know, 10 or 20 dollars, buy that gold with your debit or credit card. And from then, you know, there is a fee with debit or credit cards because we have to pass on the high costs that MasterCard and Visa and so on charge us.

But once you’re into the account, if you want instant gold and silver, then yes, use your cards. But if you want to get, if you want to have it as cheaply as possible, then do an ACH or wire transfer. And of course, I think ACH is free to transfer funds into Glint and a wire transfer thing is about 25 dollars for larger amounts, really, that’s designed for.

But yeah, and a lot of questions. Another question that we had with Glint was, you know, what about capital gains? We get that asked a lot. Well, you know, you don’t have to worry about that too much.

You can, if you’re not buying much gold or silver, like you just buy a chunk and you leave it on the Glint platform, you can probably just work out what your capital gain or loss is yourself, your tax return. But if you’ve got, if you’ve been using the card a lot and you’ve got a little bit more complicated stuff going on, there’s a report that you can order. I think it’s 35 dollars.

You can order that and that will calculate what your capital gain or loss is. And that’s built in conjunction with one of the biggest accountancy firms in the world, KPMG. We set that all up with them.

They get anonymous data, so they don’t know who you are, but they get that back. But yeah, it’s phenomenal to just going back to the stuff with these U.S. states. I mean, I really can’t stress enough.

I mean, I can’t do this in England, in London. We can, because we don’t have this state federal system. You know, the only way we could do it is to lobby our own main national government.

You have the opportunity to do this at the state level, you know, and I mean, I’m looking at spreadsheets. I’ve got a spreadsheet in front of me trying to keep things up to date, you know, but I mean, you know, across the country, Michigan, Louisiana, Kansas, Idaho, Iowa, Arizona, Arkansas, Alabama. I mean, the list goes on.

There’s a very good chance, at least where you live, is there’s a 50-50 chance that you have a legislator doing this already. But it’s not just the legislator sponsoring it. It’s also, he’s going to walk into the House or the Senate and he’s going to need hands votes for this.

And you need to tell them this is important to us. I know at the Florida, a Republican Party voted last summer to the transactional gold was the sixth most important legislative thing that they wanted to deal with this session. And I think in Texas, it was the 10th.

I don’t know about other states, but this is a once in a life. I don’t know about you, Mark. This is like a once in a lifetime opportunity.

We’re watching history. Yeah. But you know, don’t let the opportunity slide by.

When will our precious metals be stored in the U.S.? So for our institutional clients, like we do some work with some really big institutions, including one of the states actually already. We’re already using a vault, one of the Brinks vaults in the U.S. For our customer retail product, that’s still in Switzerland. And it’s a good jurisdiction.

They have fantastic property rights. They’re one of the most, you know, countries in the world to have a love affair with gold. But we’ll be, I would have thought later this year, we’ll be opening, allowing you to have the choice of whether you want your gold in Switzerland or you want it in the U.S. We’re looking at maybe Salt Lake City or Miami.

Boy, here’s a lot of folks are like when it comes to physical gold. Yeah. You know, I want to be able to hold it.

This transaction sounds really cool. But what happens if the power is out? Yeah. I mean, let’s just talk that through.

OK, so let’s talk about like Armageddon. Right. So first, the power goes down, the electricity goes down, the Internet goes down.

Well, there’s a varying degrees, I think, of power systems going down. I’m glad that Elon Musk has his, I was going to say Skynet, has his Starlink. I think that’s a Terminator reference.

I must have it on in my subliminal consciousness. But, you know, the Internet, that ability to have Internet from the sky, I think is a big support for people should anything happen at the terrestrial level on the floor. But let’s just say that all goes.

What we’re really talking about is an Armageddon situation where it goes down. Well, what are the banks going to have? Nothing. Yeah.

There’s no money in the bank anyway. It’s, you know, it’s ex nihilo created out of thin air using the keyboard. But what will Glint have? You know, anyone who’s got a Glint account will know that they have gold in the vault at least.

And we, you know, we keep backups of everything. And so we’ll know we’ll be able to set up old fashioned banks, you know, like the old that they used to have 80, 90 years ago. You will have issued checkbooks and things like that.

Don’t get me wrong. It would be massive disruption if that was to happen very quickly. And I’d like to think we’d have some notice about what was happening to develop those kind of products.

But at the end of the day, the store of value would still exist in the vault guarded with machine guns and things like that and big steel concrete walls. So I think that we can at least say to ourselves, well, the store of value would be there, would be able to kick something up, get something up and running to allow people to transact or be at the old fashioned way. But the store of value would be would be still there.

So I’m just reading someone Susan’s thing. I sent the master. I got my trouble putting any money on the card.

Keep saying address has to match card and it does. So does it have to be debit? I have found that some debit whatever I’ve run across this recently where they look identical. There’s one different one pushed.

The company may have not you, meaning some companies have different verifiers for the address. It can be a nightmare. But just double check the addresses you use for both billing when you’re buying what you’re punching in.

Oh, yeah. Sorry. Yes.

Yeah. Yeah. The one.

So the address you registered with, you have to use a card that that that you has the same address associated with the card that is associated with your Glint account. So if you’ve got a house in if you’ve got one house in Texas and a housing in in New York and you’ve registered your Glint account with the New York address and but you’re using a card with the Texas card that won’t work. So, yeah.

Well, this is a real pain in the butt. I love that. Look at that.

Someone’s already just activated their Glint account. Yeah. And don’t forget that when you get your card, then make sure you have to go into the app and activate it.

And then the next thing is it’s by default, I think, linked to your gold account. But if you’ve just transferred some funds into your USD account by ACH, that won’t work. You have to then you could you could you could link your card to your USD wallet if you wanted to, or you should buy some gold.

That’s the whole point to buy some gold. What you don’t want to be doing is thinking you’ve bought some gold just because you’ve transferred some funds in that will those funds if you’ve done it with ACH or Y will sit in your USD wallet until you buy some gold with it or silver. We’ve got silver on the account.

We launched that before Christmas, as I think I told you guys. So we’ve had some great feedback about that. We’ve got tons of it now.

Can we buy silver here in the States? Yes. Yes. Yeah.

Go for it. Yeah. Silver.

Tons. We’ve got tons of it now on Glint. And I’ve got to check with the vaults and see.

I want to see it because, of course, the size of silver, it’s going to be a much bigger pile. Much more satisfying to look at. Yeah.

Yeah. Yeah. I’m just trying to find out that because they have to.

Why is the app asking for a social security number? Yes. So we come under the same kind of regulations and rules as the banks or a lot of them. Right.

We have the same level of kind of regulatory standards that we have to keep up to. This involves cyber security. Know your customer, which is a rule that everybody, everybody did in financial services has.

You get the same question if you’re in the bank account. We’re not a bank, though, but we get the same rule. We need to know who you are and we need to know that because we need to protect your account as well.

And your social security number is one of the things that you keep very close to your heart, obviously, and make sure that we don’t have any account takeovers or anything like that means that we know you. If you came in the bright, we had a branch like an old fashioned bank. I would see you and I’d say, oh, hi, Mark.

Nice to see you. I get to know you. I know you, but you’re distant.

You’re in an app. So we’ve got to work a little harder to do that. Your data is is is taken care of.

We have bank level security. We have to we get audited on that as well on an annual basis. And they are going over the top on security.

And I was crossing T’s because what they’re doing is so groundbreaking. They don’t have to look over their back. They want to make certain they do this right.

I don’t want any federal agency tapping us on the shoulder and say you didn’t do that properly. You know, I mean, the things we have to do to make this product right for you in the United States is quite incredible. You would you wouldn’t believe what we have to do.

But it’s all good at the end of the day for the consumer. I do think deep down they have their heart in the right place. Oh, yeah.

Let’s we hope I register was charged, but did not receive my card, even though using the 24. What do I do now? Well, reach out to client services. I mean, they’re really good.

The best way to do it is to email them or go chat on the website. Thank you, Jenny. I’ll pass that back to them.

Yeah, I think that’s the fastest way. If you need to speak to somebody, just expect that you’re going to have to maybe wait in the queue for a bit. But, you know, get on email and they’ll get back to you.

I’m glad to know that they do. We get 4.7 out of five stars, I think, on Trustpilot. That’s pretty solid that this to me.

And you tell me if I’m thinking right or not, Jason, just say, can we get physical gold sent to us from the value of our Glenn account? I’m like, sure. Just call Andy. Use that balance on your Glenn card and buy the physical metal.

And that’s probably the cheapest, easiest way to do it, I would think. But I think, well, Andy doesn’t you know, we keep your account details very, very, very confidential. So Andy, even though we’re partnered with Andy, he won’t know what your balance is or anything about that.

So you just need again, email client service and say, I want to take some delivery of my physical gold. Obviously, if you’ve only got one cents worth, that’s going to be a bit of a challenge. But if you’ve got enough in there, Andy can deliver that for you.

It’s not, by the way, it’s not the easiest of processes yet, I got to admit, you know, but we’ve got to decide where we put our efforts into. So you will need some backwards and forwards with email, probably, etc. It would be nice to be able to have a little kind of menu of products you have to be able to effectively buy it in the transfer in the in the app.

We’ll get around to that at some day. But we were very privileged to have your support as we build it out. We’re trying to put the most important features into the app first and make the customer experience good.

And this may already be a thing. Do you see a time period where people are going to have, life savings held in metal in their glint accounts or chunks of it, like hundreds of thousands, millions of dollars? Well, we do have some clients with millions of dollars. And we even have, as I said, some institutions that have hundreds of millions of dollars that are going into glint.

I think that we’ve got a very big roadmap of things. But what’s the vision? Well, the vision is a payment system that’s, you know, where the store of value is based on gold, and you should be able to do everything that you do with your bank except lending. We’re not involved in that business.

But when it comes to payments, you should be able to do everything that you can do with other vendors that are in banks. And that includes, you know, auto pay for your utility bills, includes being able to make payments from other people into their bank accounts. Wouldn’t it be good to say, okay, I’m gonna, I’m gonna buy your house.

And even if you don’t have a glint account, by the way, if you’ve got a glint account, I’ll just send you the gold, that would be great. But if you don’t have that, what’s your, you know, Wells Fargo account, I’ll send you the money, you just, you know, debit your gold. And it goes, we’d like to be able to switch all that on.

Again, we’re just doing things one step at a time, the things that we do do, we want to do well. And so we’re not opening up what we call third party payments yet. Yeah, I’m with Trad Tiger, being able to having that option, even if it is not streamlined as it can be yet just having that option is so much better than putting money in paper metals like ETFs and stuff.

To me, it’s, it’s not even it’s like, you know, I mean, one of my investors son said to his dad, so hang on a sec. So it’s as cheap or cheaper than buying anywhere else, including the ETFs. You can use it as money.

And you can take delivery. Why would anybody not use glint? Right. I didn’t pay him to say that to his dad.

But yeah, I’m, I’m, I’m glad that he thinks so. It’s just fantastic. I have to wrap up because I have an appointment that I have to drive to soon.

So I’m gonna have to wrap up, Jason. I think we took too long between having you on the first time and this time. So I’ll reach out to you and we’ll see if we can bring you in sooner.

Because we’re doing a lot of questions unanswered. You’ve got an amazing community of people. And I think if we can, you know, channel this enthusiasm and energy you all have into what’s going on the States level, you guys could be part of making, you know, effectively forming the second authorized currency of the United States of America, albeit a sound money.

We’re dragging the original payment method of the United States into the current day. Yeah. That’s, that’s the way I’m going to look at it.

All right. Back to the future of money, Mark. Right.

Back to the future. I like it. Hey, Marty, we don’t need roads, but we’re going.

Iconic. All right, Jason. Like going down your DeLorean.

Always wanted one. I drove one. A boat doesn’t handle well and no power, but it was still neat.

Yeah. Still neat. To the rest, did not sing happy birthday.

I’ll do that this evening. So hey, that way, if you’ve got friends that have birthdays, make them show up tonight and they’ll sing happy birthday. To the rest of you, see you this evening at seven and whiskey and wisdom at eight.

I’ll invite Jason to a whiskey and wisdom, but it’s like two o’clock, three o’clock in the morning, something like that for them. I’m not going to miss one of those. I’ll find a way.

Yes. I’m in the U.S. quite a lot. 8 p.m. Eastern on Wednesday.

So one of these we’re dragging in. Okay. That’s where we just cut up and have fun.

I’d love that. I’d love that. All right.

The rest of you see you this evening.