Money Collapses Now (Uncut) 04-15-2025

April 15, 2025

0 29 minutes read

The Final CRASH: Money Collapses Now – Byron King

The DNA of American money is gold and silver. You have a personal story tied to Fort Knox. Fort Knox is an iconic American saying.

It’s as safe as Fort Knox. British gold went in there, and Soviet gold went in there, and Indian gold went in there. It’s just been this mysterious place for 80 years.

A lot of things are happening, and it’s not just Trump and his crazy tariffs and all that. The world has gone from this sort of unipolar power for $37 trillion in debt. We’re paying $1.8 trillion a year in interest.

What do the central banks know that perhaps we don’t know or we know? I think it’s all coming to a head. I’ve had other experts feel that this is part of some sort of reset. Why the rush to accumulate gold? Something bad is going to happen in your lifetime.

Is the fear trade in full play? Well, my guest today says make sure you have your gold and silver. He will also share his personal and mysterious story revolving around gold and Fort Knox. Please welcome Byron King, editor at Paradigm Press.

But overall, such an impressive biography, including having advised the U.S. Department of Defense on national energy policy. He’s also a keynote speaker at Rick Rule Symposium, where we will be. We’ll fire up the links so folks can register and come out and see him in person.

But Byron, it’s been too long. I’m thrilled to be with you. Well, hello, Danielle.

It’s great to be with you. It’s been a while since I’ve been on your broadcast, but it’s wonderful to speak with you. Looking forward to the Rick Rule conference in July.

So let’s begin. Well, let’s dive in with that, because that’s the exact reason folks should be looking at gold and silver here. Because I read one of your commentaries where you said you were thinking 3,000 gold in June.

Gold beats you to it. In these uncertain times, let’s start with that. Why do we need gold and silver? Well, you need gold and silver because these are uncertain times.

The whole structure of the world. I mean, we are living in historic times. World War II ended 80 years ago in May in Germany and in September in Asia.

The world built up an entire trade process over the last 80 years, and it’s all changing right now in a historically fast amount of time. Here’s a US gold buffalo or gold Indian head, whatever you want to call it. A year ago, you could have bought this thing for $2,000.

Today, it’s going to run you over 3,000. That’s a lot of movement in one year for something as simple as this. If you didn’t buy your gold before, I don’t think it’s too late.

I was predicting $3,000 gold by June, but it beat me by four months or something. So the next stop is 35. And there are so many reasons for it.

I mean, it’s not because people are buying gold coins. It’s because central banks are buying truckloads of gold, airplane loads of gold. And that’s been lifting the price for the last year.

That is now starting to filter over into the mining equities, the gold miners, the precious metal miners. But for those of you who are on the gold wagon, great, glad to have you. For those who aren’t there, it’s not too late.

And it won’t be too late until it is too late. But get there now if you can. So you had some interesting insight that I’d love for you to share with us today.

Because gold has been so much in the news with the audit of the gold. And you have a personal story tied to Fort Knox. Well, it’s indirect, you know.

But Fort Knox is an iconic American saying, you know, the gold in Fort Knox or whatever, it’s as safe as Fort Knox. Americans have been using that expression since Fort Knox was the depository, the gold depository was built in 1937, I think. In 1933, when Franklin Roosevelt took over, one of the first things he did was seize America’s gold.

He said, everybody sign an executive order, turn in all your gold coins. Like, you know, this is a 1924 US gold coin, you know, it’s in plastic because it’s, you know, numismatic and all that kind of stuff. But millions of Americans and banks and businesses across the country dutifully, for the time, turned in their gold coins to banks and to the Federal Reserve.

And within a short time, they had bags and bags and bags. They had trainloads of gold coins. What are they gonna do with it? They melted them down.

Well, what do you do with the gold bars once you melt them down? They built Fort Knox and they put the gold in there. And then came World War II and British gold went in there and Soviet gold went in there and Indian gold went in there. Lots of gold went into Fort Knox.

And then it’s just been this mysterious place for 80 years, you know. Oh, they did an audit here and somebody showed up there with a photographer. You know, but is there really gold in Fort Knox? And so it’s sort of a joke.

The story you’re asking is, this is some years ago. I was at the Pentagon with the US Air Force. I was talking with them about jet fuel, okay.

And you know, how boring is that? You know, professionals talk about logistics, okay. The amateurs talk about strategy and tactics and all, you know, flying around. There I was, you know.

No, the professionals talk logistics. So we’re talking about jet fuel. So we got to this point where we got to some classified material and they said, oh gee, sorry, Byron, we can’t really, can’t talk to you about that because you’re not cleared for that.

And I’m like, okay, I get it, you know. I said, but I decided I’m just gonna kid around. I said, well, there’s really only two secrets that the American government has, right? And everybody looks at me like, oh, I’m like, what? You know, you know how, you know, we got that space alien technology out in Nevada and that there’s no gold in Fort Knox.

And the assistant secretary of the Air Force was sitting right there, right next to me. He said, you mean there’s no gold in Fort Knox? I mean, we just went right by the space alien technology. It’s kind of like, yeah, whatever, you know.

But yeah, so that, you know, is there, is, you know, what will Trump find when he audits Fort Knox? He’s not gonna audit it, but when he shows up there to audit Fort Knox would take two or three years. I mean, somebody literally, people would have to go in there and form a bucket brigade and hand the gold bricks, 25 pound gold bricks, you know, one by one by one out to somebody outside and they would have to weigh it and assay it and measure it and everything else. And, you know, and even if the gold is there, I mean, you know, has it been leased out? Has it, you know, who owns it? You know, I mean, does the US government own it? I mean, theoretically the American people own it, but yeah, yeah, like the American people own a lot of things, but you know, there’s big no trespassing signs on them that we can’t get to them.

That’s sort of my Fort Knox story, but, you know, I hope Trump goes to Fort Knox. I mean, because it will settle the markets if he just shows up and, you know, holds a gold bar and it will dramatically unsettle the markets if, you know, if there’s a problem with the gold, but I’d still like to see him go there. Interesting, from the photo optics perspective.

So you’re, we might still not get the truth, but it will settle the markets as you say. Oh, you know, the DNA of American money is gold and silver. I mean, you know, when the country was set up as the United States of America in 1787, Constitutional Convention, 1788, the country was broke.

We had no money. We were using British money and Spanish money. And, you know, there were no, it was the Currency Act of 1792 that created the mint and created, you know, US silver dollars.

And, you know, the country moved along and, you know, there were national banks and, you know, Andrew Jackson killed the national bank and Abe Lincoln had greenbacks in the Civil War, you know, and then along came, you know, along came the Federal Reserve in 1914. And, you know, this was one of the first $20 notes. This is a $20 note issued by the Federal Reserve in 1914.

This is, you know, it’s a museum piece at any rate. And back in 1914, this $20 note was worth a $20 gold piece. You know, now today, 110 years later, 111 years later, this item has value as an artifact, as a museum piece, as a specimen, you know.

But if I walked into a US bank today and tried to, and handed this to the teller, they wouldn’t know what to do with it. You know, is this a counterfeit bill or something? They wouldn’t know. But 110 years ago, this thing was worth one of these, was worth, you know, $20 in gold.

Now today, you know, just the gold alone inside this coin, aside from the fact that it has a scarcity value, the gold alone is worth, you know, over $3,000. So, you know, something bad has happened to American money over the last 100 years. And it’s still happening.

You know, it’s inflation, it’s mismanagement of the currency by the Federal Reserve, what have you. I work with Jim Rickards. He writes books about this stuff.

You’ve interviewed Jim many times. You know, he always enjoys his talks with you. I should just, I’ll share that.

And so, you know, and so here we are. You know, we are fundamentally just right now living in historic times when a lot of things are happening. And it’s not just Trump.

You know, it’s not just Trump and his crazy tariffs and all that. You know, you know, the world has gone from this sort of unipolar power of post-Cold War, United States, you know, hyper power, go where you want to go, full spectrum dominance, and all that sort of stuff, to, you know, China is a really big industrial power and Russia is a really big military power. And the rest of the world is like, you know, hey, you know, hey, there’s us too.

The other 7 billion people in the world, there’s us. You know, BRICS is rising. The British, you know, Brazil, Russia, India, China, South Africa, that whole block of the rest of the world, you know, the global South, you might call it, is rising.

And they are gaining power. They’re using energy. They’re using oil, gas, uranium.

They’re using, you know, they’re using mines and metals and materials, copper, steel, aluminum, you name it, you know, they are a rising power in the world. And things are changing really big. And along comes Trump, who wants to channel his, you know, his inner William McKinley.

You know, there’s a, you know, William Mary’s book on it. Not a bad book on William McKinley. I mean, we can talk about McKinley all day, but we won’t.

But, you know, Trump seems to think that, you know, that America prospered under McKinley and his tariffs. And so we’re going to bring it all back to America and, you know, reshore industry and create new jobs and everything else. And there’s a lot to that.

There is so much to that of what’s going on. Yeah, I mean, you said so many important points there. Let’s break it down.

Just one more point on gold, because I’ve had other experts feel that this is part of some sort of reset. I mean, why the accumulation of gold? Why the interest in gold? Is that a conspiracy theory to you? Or you think, I mean, look, Luke Grohman even was on Tucker Carlson presenting this. I mean, where do you stand? Oh, there are no conspiracy theorists when it comes to gold.

We are conspiracy analysts, okay? We are conspiracy analysts. I mean, the reason people are going to gold, and you’ve heard this so many times, I’ll just say it for the 100th time on one of your shows here, you’ve heard this from everybody. You know, gold is nobody else’s liability.

You know, I mean, here’s, you know, here was a $20, here’s that $20 note that I showed you, the Federal Reserve note from 1914. The printing on it is really small, and I’m not going to hold it up to the screen or anything, but people who want to can look it up online. It says here that the Treasury of the United States, will pay to the bearer $20 for this note.

Well, back then, paying to the bearer $20 meant to give them one of these, because this was money back then, you know? And so this was a liability, you know? This is a hard asset. This is the liability. You show up with one of these, and you’re going to trust the full faith and credit of the United States government that you’ll get one of these for it.

Now, we’ve really, you know, sure modern American money says, you know, full faith and credit of the United States and all that. Yeah, they talk about it, but what is the full faith and credit of the United States? We’re $37 trillion in debt. We’re paying, you know, what? $1.8 trillion a year in interest.

We can barely cover the interest. We’re going to roll over whatever the number is, you know, $15 trillion of that debt in the next like 12 or 15 months or something, you know, at high interest rates. I mean, the country is just, you know, financial bind.

It’s just completely, you know, handicapped in terms of where does the country go in a fiscal sense, because it’s just spending money like crazy, you know, and in a monetary sense, what is the meaning of the US dollar anymore? I mean, it’s just being created out of nothing. So anyhow, there’s this flight to gold. This is a five ounce gold ingot, that was put together, the stamp on it again is the Republic National Bank.

So this is about, I don’t know, 70, 80 year old piece of gold, but, you know, it’s five ounces. In the olden days, you know, banks used to have these kinds of things in their vaults. It was their way of saying, yeah, we’re solvent.

We’ve got gold down in the vault. As far as what’s going on right now, a lot of people, a lot of people, institutions and governments across the world are looking at the US dollar as the world reserve currency and saying, it’s been horribly mismanaged. The USA is deeply in debt, can’t cover their bills without just, you know, printing like crazy.

And so it’s a flight to safety. And as I mentioned earlier, it’s not, you know, little onesies and twosies, people buying little, you know, gold buffalo coins down at the coin shop, you know, or even, you know, buying numismatic coins down at the coin shop. No, it’s not that.

What’s driving the price of gold has been central banks across the world. You know, China, India, Russia, you know, Turkey, Poland, Indonesia, you know, I mean, you know, the only kind of the only big bank that hasn’t been buying gold is the US Federal Reserve, which is dumb because they can just create all the dollars they want and buy all the gold they want. But they don’t want to do that because gold is a reminder that America, that the United States government runs a dishonest, you know, money system, you know, you know.

That’s an interesting statement. Let me stop you right there, Byron. I think because you’re really hitting something there.

Well, I was going to say what’s even worse than not buying is Canada that sold all its gold, but that’s a separate topic. What do the central banks know that perhaps we don’t know or you know? Why the rush to accumulate gold? Yeah. Okay.

Well, what the central banks know is that if they take their dollar surpluses from foreign trade, you know, you know, America buys, you know, cargo ships full of, you know, containers and they ship them over and the exporting country gets, you know, gets US dollars in return and they put those in their banks. If the central bank overseas takes their money and buys US bonds with it, they’ll get interest on the bonds, but it’s losing purchasing power over the medium and long term because of inflation. It’s kind of like if I give you, if I buy a hundred million dollars of your bonds, you know, in a couple of years, I’ll have $90 million of purchasing power.

If I wait longer, I’ll have $75 million worth of purchasing power. And they’re saying to themselves, you know, this is a losing deal for us, you know, and another angle to it, and this has to do with the Russia-Ukraine conflict, one of the first things that happened to Russia when they rolled the tanks into Ukraine, you know, a little over three years ago was that Russian assets, Russian financial assets in the West were seized. I’m sure people who are watching this probably understand what this is all about, but it was something like 350 billion, billion with a B dollars worth of Russian financial assets in the West that were literally just frozen.

And now today, as we speak with, people have been talking about, not only are they frozen and Russia can’t use it, but we’re seizing them, we’re taking them away, we’re confiscating them from Russia. And the rest of the world looks at this and says, wait a minute, if the West and the United States, but the West in general, European Union, what have you, if they can just reach in and grab Russia’s financial assets because they’re denominated in dollars and take it away, and Russia has nuclear weapons, what does that do for us? You know, I mean, anybody and everybody is at risk, you know, when they use the dollar, when they use, you know, the dollar in trade. And so they say to themselves, well, you know, let’s take a little bit of a safe bet.

Let’s take some, let’s take, you know, wax of those dollars and let’s buy this gold stuff. You know, let’s go to Switzerland and load up the airplane and, you know, fly it home. And that’s, what’s been going on.

You know, I mean, the China gold story is, has, you want something truly mysterious. I mean, you know, they announce every now and then how much their gold reserves are, but their gold reserves are probably three and four and five times what their official numbers are because, you know, the state has a certain, you know, a certain banking obligation to tell the world what they own. But the Chinese People’s Liberation Army owns gold.

Chinese banks and, you know, Chinese insurance companies own gold. Chinese people are really, they’re gold bugs. They love their gold, you know.

And so in the sense that how much gold is in China, a lot more than what we think, you know. And so when, not if, but when the U.S. really comes to that financial reckoning day and says, oh man, you know, all that debt from the last, you know, 50 years and all that interest, it’s impossible to pay. We can lay off all the government workers we want.

We can end all the government contracts we want. We can, you know, do everything we want. You know, hey, you know, we really can’t pay it without just, you know, flooding the zone with dollars and hyperinflating it to worthlessness.

That is why central banks own gold. That’s why, you know, really smart money, big financial offices, you know, smart companies, big insurance companies, you know, and that’s why, you know, retailers out there who have their heads together, you know, are accumulating gold. Not because you want gold.

I mean, actually gold’s a pain in the butt. It’s valuable. Like just to show this to you, I had to go someplace, take it out of a secure store.

I don’t keep this stuff in the house, you know. I had to go get this thing, bring it here so I could show you, show the viewers. And then when I’m finished, you know, off we go back to the secure storage.

And it’s kind of a pain in the butt to have this much value, you know, just kind of walk, you know, in your, the size of your thumb, you know. And it’s a lot more convenient to have a working banking system where, you know, somebody can’t just sort of grab it and take it and it’s gone from you forever. So in that sense, you know, you want gold, but, you know, you wanna secure it somehow.

That’s the world’s problem right now. From, you know, from just the guy in the street, the man or the woman in the street, all the way up to the people who run big nuclear powered, nuclear armed countries, you know. You know, how do we, how are we gonna pay our bills? Because the system that we have right now is just, the amount of debt is just so big.

It’s just choking the system, you know. And everybody’s debt is somebody else’s asset, you know. And I wanna talk about debt, but that point you made, because I hadn’t heard that perspective before, about why the U.S. is not adding to gold.

And yeah, you can make the argument they have enough, they don’t need more. But your perspective that it pulls back the curtain, right? Talk to me a little bit more about your thoughts here. Yeah, I’m pulling back, I pull back the curtain just by showing the 1914 $20, you know what I mean? You know, it was worth one of these back then.

And, you know, today, you know, I mean, this is a $20 bill today. I just, you know, get this from the ATM machine down at the bank, you know. I mean, it’s a different size and everything, but it would take you over 150 of one of these to equal the value of one of these 110 years ago.

You know, so in terms of how the government, you know, the government of the United States is a thing. It is a system, it is an entity. You know, people come, people go.

Presidents come, presidents go. Senators and congressmen, they come, they go. You know, the Treasury Department, you know, people go there, they work, they retire.

But the government of the United States is an ongoing entity. And it conducts itself, you know, using the national currency. But it’s been horribly mismanaged in the sense that, you know, $20 back then is worth, you know, $3,000 of gold today.

You know, I keep showing, I keep doing this show and tell things, you know, it helps to illustrate the point. You know, like I said, like I said, I mean, this is a museum piece specimen. But no, if I took this to any bank in town today, I swear to God, the teller wouldn’t know what to do.

They’d say, well, what is that? You know, they’d call the manager, they might call the FBI. How do we get, I know this is a huge question, but how do we get back to sound money? How do we get back to sanity? No, to sound money. Oh yeah, and sanity.

Sound money, I thought you said sanity. Sanity, sound money. Sound money and sanity.

Sanity and sound money are two halves of the same coin there. You know, yeah, well, you know, the country has to get its fiscal house in order as it is right now. We have a political class that just thinks that, you know, that the answer to everything is just spend more money.

And, you know, we see that just, you can like Elon Musk and doge, or you can hate his guts and you can hate their gut. I don’t care. I don’t care one way or the other.

But what we have discerned through doge and Elon is, you know, we’ve really crystallized how much utter absolute garbage trash waste is happening with, you know, with just the stuff that we can see, you know, that, you know, USAID, you know, all these crazy, you know, things that they were spending money on and all these crazy grants and stuff that, you know, that go to, you know, unproductive science. I mean, I’m all, I’m in favor of, you know, giving money to science. I love the US geological survey.

They should go out there and map the world. They should, you know, monitor earthquakes. They should do all that good stuff.

That’s great. You know, that’s just me, my geological perspective. And, you know, but there’s a lot of just, you know, junk science that happens with that money and a lot of junk spending.

And then a lot of just, you know, grift and graft, you know, the whole, you know, all that aid money that went to Ukraine, which came back in the form of, you know, kickbacks and payments and everything else. You know, the Department of Defense. And I say this as an old Navy guy, you know, I mean, I mean, hey, you know, I mean, there must be ways to tighten things up in the Department of Defense.

I mean, you know, it’s a spending machine in and of itself. And then you get into things like, you know, the entitlement programs, Medicare, Medicaid, Social Security, that’s the big money, you know? And so, I mean, you can lay off all the, you can lay off everybody at the National Zoo and, you know, send them all home. I don’t know who’s gonna feed the lions or the tigers, but you can lay them all off if you want.

But that’s really not going to change the US financial equation as much as, you know, the fraud in Medicare or the, you know, dead people on Social Security getting benefits or, you know, what have you, you know? Yeah, or just changing the interest rate that you pay on your bonds by, you know, a fraction of a percent. I mean, if you pay 5% versus four and a half versus four, I mean, that’s seriously big money when you’re talking about interest on $37 trillion, you know? Well, which leads me to my next question, is how much longer can the system go on? It’s extremely fragile, as you correctly painted. How much longer can we go on by? Oh my goodness, yeah.

My view is that, you know, if you’re watching this show, if you’re watching this show, you know, it’s something bad is gonna happen in your lifetime, you know? And you say, well, oh, you know, if I’m only 25, that’s 60 more years. Okay, well, you know, if you’re watching this show and you’re 75 or 80, something’s still gonna happen within your lifetime, you know? I mean, I think it’s all coming to a head and the next couple of years are crucial. And I think that, you know, when the financial or the monetary roof caves in, you know, it’s not that you’re going to go to the store and, you know, and buy your groceries with a gold coin.

I mean, no, you might go to the grocery store and buy your groceries with silver coins, or silver quarters or dimes or something like that. You know, I mean, people had people, you know, very few people in the past used gold a lot for just day-to-day commerce. It was too valuable, so they used silver and that’s why we had copper pennies, you know, for, because you can make change for silver.

But we’re coming to a time when having gold like this, this is just your basic US Mint, Buffalo, Indian head, you know, one ounce 0.9999, you know, high quality gold coin. Having something like this is really, it’s going to preserve your wealth while we transition from this total mess that we’re in right now to whatever the next system will be, you know? And, you know, I mean, we, about a year or so ago, you know, one of the big conversations was, is the BRICS, you know, going to come up with their own competing currency against the dollar? Will there be a BRICS unit, you know, and it’ll be backed by gold and backed by agriculture and backed by oil and, you know, they deferred that. They sort of pushed that off into the future while they were awaiting to see what would happen.

But, you know, how do you, if you’re the United States of America, how do you pay off $37 trillion of debt? Well, you don’t, you know, I mean, can, how do you sort of get it manageable so that as a percentage of your gross domestic product, you’re not killing yourself just paying the interest on the debt? Well, we can maybe possibly get there, you know, Jim Rickards, my colleague at Paradigm Press, you know, he has some really interesting art, you know, discussions about that. And we, again, it would take all day, but if you’re out there and you’re, you know, you’re just Joe investor, Susie investor, you’re just, you know, you got a business, you got a job, you got some money and you’re just trying to figure out, man, where’s this whole thing going, you know? I mean, like I said, if you don’t have some gold yet, get some, and if you do have it, good for you, hang on to it, you know, and you’re in the right place. This, the physical gold is generational wealth.

You know, when central banks buy, you know, buy gold by the ton, they’re not buying it to trade it. They’re buying it to hold it for decades, you know, if they ever let it go. And like the UK, when they sold all their gold under Gordon Brown or Canada, when they sold all their gold, which was not just a one time thing, they sold it down over a period of time, even under conservative governments level.

And then I think it was under Justin Trudeau, that was sort of the coup de grace. They, you know, they sold off the last of it. And I think the Canadian mint brags about how they only have two or three gold coins for historical purposes or something, which is an absolute embarrassment to Canada.

I mean, I don’t want- Because they’ll bring up the argument, we have so much gold underground, we don’t need it in the central bank. That is one argument, you know, the problem with having all that gold underground is that you do have to dig it up, you know? And that takes time and energy and people, you know, and if you need it in a hurry, it’s not there, you know? Exactly. Just fascinating insights, Byron.

I mean, I guess for the folks watching this at home, you know, so concerned about everything happening. I mean, how do you tackle this beast? What’s your kind of your advice here? Okay, well, let’s start with where we are. I mean, we can’t, you know, you can’t stop the clock, okay? You know, whatever happened before happened before, all you can do is like, here we are today, where do we go from here? Okay, here we are today, where do you go from here? Like I said, and I’ll say this about the sixth time, you don’t have some gold, get some, you know, silver too.

You know, gold mining, gold mining ideas, you know, gold mining companies, things like, you know, and you and I, you and I have, we haven’t spoken in a while, but we have talked before, and we’ve talked about gold and gold mining, gold mining companies and what have you. In the Trump world, where we are now, Trump tariff world, let the dust settle for what’s going to happen. You know, Trump tariffs, okay, let me throw a little bit of math at you here.

You know, the global GDP is, you know, like this big, you know, it’s like this big. The U.S. part of it is 15%, okay? Foreign trade in the U.S. is about 10% of GDP. Let’s just say 10%, make the math easy.

So 10% of 15%, that’s one and a half percent. If the global trade tariffs really impact a big whack of U.S. trade, it’ll touch less than 1% of, you know, of global GDP. So this is not going to change the world.

Trump’s tariffs are not going to change the world. What Trump’s tariffs will do is disrupt the business model of countries and companies whose idea of business is that they produce stuff over there, they put it on a ship, they bring it to the United States, and then they cross deck it to a big box store, and they sell it to Americans, and then they collect the dollars and buy U.S. bonds with it. That whole cycle is being disrupted.

There’s going to be a lot of resetting going on on that. Big companies like the automakers, okay, they’re going to close a factory over here that makes auto parts. They’re going to open a factory over there that makes auto parts.

Okay, it’s going to take some time. There’s going to be some disruption. In terms of what does it mean to the man in the street or the woman in the street, I mean, much of American life is built around going to the grocery store and buying gas for your car.

We pretty much control our own food prices in the United States. We pretty much control our own gasoline prices in the United States. The price of imported cars will go up a little bit, but the foreign automakers have already said they’re going to eat some of that cost.

You know, Lamborghini said they’re not going to raise the prices on, you know, three out of the six models that they’re selling in the U.S. So if you’re about to buy a Lamborghini, there’s no rush, okay? You don’t have to go out and get one yet. I kid that. I’m kidding around.

Other car companies are in the same boat. Meanwhile, China has already devalued the yuan by this much and they’ll devalue it by this much and this much and this much. So the 20% or that 54% tariff, whatever the number is going to be on China, you’re not going to feel it because they’re actually going to devalue their currency.

You know, I mean, the whole thing is going to be rebooting and resetting. Let the dust settle, okay? Now, as far as, you know, what should you invest in? Invest in things that people really need and or that are, you know, globally scarce. I’m a hard asset guy, geology background, everything.

I like oil, gas, uranium. I like gold, silver. I like, you know, copper.

I like, you know, I like exotic metals, things like that. I mean, you know, this isn’t really the exotic metals talk. We could talk about tungsten and anemone and rare earths, but, you know, that’s not why we’re here.

I like, you know, mining companies with a U.S. presence, for example, are good plays. You know, you know, just some big names, you know, kind of like Freeport, McMoran, in the U.S. and globally, you know, big copper miner. Everybody needs copper.

And the copper story isn’t being driven by Trump and his tariffs. The copper story is being driven by global demand and shrinking supply from the mines. You know, that’s when the gold story, I mean, you know, U.S. gold miners, you know, Alaska gold miners.

I mean, you know, a company like Ken Ross up in, you know, in the U.S. and they’re elsewhere in the world, too. But I mean, a wonderful company. That’s just, it’s just, it’s just a, it’s a $20 bill waiting for you to buy a $10 Contango, which Rick Van Noyenhuis think I’ll just throw that name out there.

I mean, just off the top of my head, the U.S. facing, you know, mining plays are probably a good place to be. You know, Trump wants to protect American industry, American jobs, American miners, what have you. I think those are the safest places to be while everything else just sort of, you know, settles out.

You know, and then as far as, you know, if you’re into the junior mining space, I mean, that’s where you really need, you know, you don’t just pick one company. You have to pick about 10 or 12 or 15 companies and kind of spread it out over the juniors, you know, because a couple of them are going to do really well and a couple of them are going to do really poorly and some of them are going to do okay. And then be patient.

But that’s, I don’t know if that’s another discussion for another time. Byron, I was just thinking about how you’ll be at the Rick Rose Symposium and how Jim Rickards will also be there. So the combination of you and Jim and being in that room, it’s just, it’s such a gift.

I can’t wait to be there with you. I’m looking forward to it greatly. It’s July, it’s after the 4th of July.

7th to the 11th. And I’ll have a link, and I’ll have a special link for folks, rulesymposium.com forward slash 2025. We’ll fire it up here on the screen, but you get to speak to Jim Rickards and Byron.

It’s a fantastic conference. And while you were just speaking about gold, it’s funny, I was reflecting this morning on my way to the studio, Byron, about, you know, what gold has meant in my life. It was a very deep philosophical conversation I was having with myself at six in the morning.

But it’s really the community it’s brought, right? And this gold community is really a beautiful thing. And to speak with like-minded people who really do care about the state of the world and where we’re headed. And we just want to protect ourselves and our family at the end of the day.

So thank you. Yeah. Well, thank you.

Yeah. To people out there who are watching, you know, I mean, it’s easy to look at yourself I’m just one person, you know, what can I do? Well, you’re just one person and what can you do? You can look out for yourself. And if enough people look out for themselves, you know, and own gold, you can create, you know, you can create that sort of that core element, no pun intended, of what the world’s going to need on the other side of the current mess, you know? Because this is a mess.

We live in a messy world. We’re in a mess, yes. But there’s another side to them.

When we get over there, you know, you want to be the person with some of these in your possession, you know? This is going to preserve your wealth and it’s going to, you know, for yourself, for your family, you’re going to be able to do good things by preserving this wealth into the next dimension, whatever that happens to be. Byron King, Paradigm Press Group. You could read more from him over there.

Thank you so much. Thank you. We’ll see you soon.

Thank you. Good luck, everybody. And we’ll see you all soon too.

Be sure to sign up at danielakombodian.com to stay on top of it all and subscribe to our YouTube channel. We’ll see you soon. In my recent interviews with Tim Wood and David Stockman, both warned that we’re nearing a major reset, something much bigger than a simple correction.

And if you’ve been watching the markets this week, especially the volatility, the headlines, the chaos, you’ve seen and you’ve felt it. If that leaves you feeling uneasy or unsure of what to do next, you’re not alone. That’s one of the reasons I encourage you to speak with someone at RTM Trading.

These are people that I trust and work with closely and their focus is helping you understand how to protect your wealth, your future, and your family. So even with gold recently making all-time highs, now may still be one of the smartest times to add it to your portfolio. So call them because they’ll walk you through how gold and silver can act as insurance policies during these uncertain times and help you build a strategy that fits your goals.

You don’t have to know all the right questions. You just have to take that first step. So call us or click on the link below or just scan the QR code to schedule that call today.