 So all of a sudden I'm looking at this copper coin and I didn't know it Jay But there's a law called Gresham's law and Gresham's law states and bad money enters the system Good money goes into a heif. I didn't know how much that would change my life because in 1964 I no longer trusted my government And it's a caddy get my little dollar bills. I got one dollar for nine holes two dollars for 18 holes Four bags and all the stuff, but I take those dollars. I knew he was fake at that point. I Would trade my dollars in for rolls of dimes waters and half dollars And I'd sit there and anything with copper in I threw it back in and I give it back to the bank So I had this bag full of what they call dirty silver today. It's called you can buy dirty silver and it's all coins And so I'm 1964 1965 I go to school in New York. I have this big bag of silver coins I come back to Hawaii where I'm from and I asked my mother What happened to my bag of money? He says I spent it So I made a judgment, you know, it's traumatic a bit to psychiatrists a lot of times But this is I mean I made a Decision I Said the reason poor people are poor is they don't know real money faithfully and So our money is completely modestly, but that's why I'm here. That's why I speak for Jay That's why I'm gold and silver of numismatic We've got to get back to real money and For people stupid enough to not know real money fake money. They got what's coming to them. Thank you But now I actually want to go to you with the exact same question if I could I saw you nodding Enthusiastically and I know this is one that's also very teed up for what you do So same question manipulation in the silver market. What's your take and how do you manage that? Well, first of all the way that I manage it So I'll start that first and that's about knowing the true value of an asset or any instrument And that's its fundamental value because ultimately that's where it's going I'm not a short-term trader So I really don't care about the spot market and especially in silver when you look at the supply and demand dynamics It's ridiculous for a spot. I don't know where it happens to be at this moment But like a twenty two twenty three dollars an ounce you can't buy it for twenty two twenty three dollars an ounce, right? There's going to be a premium in there. So what I do is I accumulate I Accumulate because what I know is that we're at the end of the currency's life cycle this whole big experiment Not just the US dollar not just the Canadian dollar, but every fiat government debt-based money We all the debt bubble has already been popped That's the difference between last year and this year is that the debt bubble has already been popped and ultimately all Assets go to their true fundamental value Which to Robert's point that fake money the fundamental value is a big fat zero But for good money for real money that you hold it and you own it outright That too will come to pass and this will indeed go to its true fundamental value And then there are so many opportunities in this wealth transfer cycle that we're in that if you're holding good money You're going to be able to take advantage of it Force the two of you walk around with slip of coins in your pocket. Who do you? Jullery to All right, Peter I want to come to you next because when that you mentioned, you know You're not a short-term trader you guys are going to get so sick and we're talking about time arises But I just think it's so important. So Peter you wrote a book recently became a best seller of this industry Aligning the case for why you feel like silver is the best investment of the generation or less to summarize So what would you have to say to investors who have been beating their head against the wall for a long time? Stating on silver or silver stocks with no price action Well, thanks, Jay. What I would say is that one of the rarest commodities is patience and Especially in silver but As Rick rule told me silver was has been an outside contributor to his net worth I was chatting with a little middle cope just yesterday and he said he absolutely loves silver Then it's a fantastic asset to own Could be a fantastic asset to trade But if you know if you're not patient, you're not going to benefit from the upside that comes from silver Jeff Knows quite well in his presentations. He tells us how and I talked about this as well How it goes through these long periods of doing absolutely nothing and then it explodes And if you think that you're gonna jump right in right before it explodes, you're wrong You need to be sitting there and you need to be waiting take your time and do the research I mean as we know silver equities have been challenged and they're not different from gold equities But if you do your your research and you accumulate these positions, you don't have to jump Hit it strong into a full position Accumulate and over time you'll be rewarded that it's proven itself time and time again And and you don't have to take huge risks. I'll give an example Wheaton precious metals in 2008 November 2008 to April of 2011 was up 17 times This is the largest silver Company public company out there. So again, you don't have to take outsize risks You can invest across the board or anything from and I do recommend physical silver You go into silver ETS and all the way down to the juniors Depending on your comfort and your own risk profile. There certainly is something for everyone and I feel that You should take advantage of the volatility. So Silver doesn't in mind you belong in everyone's portfolio. It's a matter of it's a matter of proportion and you have to put yourself You know Wheaton precious metals as you just mentioned. They're set to generate a billion dollars in free cash flow this year It's amazing business Okay, glad I want to pass it to you because I bet you have a different take on this or maybe my conversations with you About me to believe you're really good at just kind of emotionally detaching from the silver price You don't care your job is to find metal pull it out of the ground and sell it, right? So how do you process the volatility volatility in the sector and the sick mentality? Well, look patience I think everyone here has said patience People don't understand how long it takes and you have to be willing to be there for a long time If you want to make a return example, we built three large silver mines in Mexico and our careers already you sold three to majors It takes a long time the current company I'm working with right now Silver Tiger seven years $100 million to get to a feasibility study in June so we can build it and have it in production in 2026 That's what we think about anybody who invested with us Back then has to wait all the way until we build it to get a return But there are three numbers that I think are really important I'm sure all these smart people writing books have these numbers, but as someone who's going to make that metal They're all waving around here. Someone has to make it. That's how it works. Yes I don't have a coin, but she just told me here's this 51 44 38 That's what I think about because I'm going to be in production in 26 and in 2027 There's going to be 44 in 2028 there's going to be 38 every day