Gold Market Dynamics: The podcast discusses the recent surge in gold prices, reaching nearly $4,000 per ounce, driven by geopolitical events and China's influence in the gold market.
China's Role: China is highlighted as a major player in the gold market, with significant production and accumulation of gold, impacting global supply chains and financial systems.
BRICS Influence: The BRICS countries, particularly China, are seen as challenging Western financial systems by backing currencies with gold and forming new economic alliances.
Precious Metals Outlook: Besides gold, the podcast emphasizes the importance of silver and platinum, with platinum expected to play a crucial role in military and industrial applications.
Investment Strategy: The discussion suggests that investors should consider holding physical gold and silver in their portfolios as a hedge against economic instability and currency devaluation.
Geopolitical Implications: The podcast highlights the potential for a shift in global power dynamics due to the increasing importance of gold-backed currencies and the strategic accumulation of precious metals by certain countries.
Future Predictions: Gold prices are expected to continue rising, possibly reaching $5,000 per ounce, with significant implications for global financial systems and individual wealth protection strategies.
Transcript
[Music] I'm Charlotte Mloud with investingnews.com and here today with me is Ivon Blik, president and CEO of BMG Group. Thank you so much for being here. Great to have you. Thank you. It is my pleasure. Really good to be speaking with you once again. Of course, there's so much going on in precious metals, but where I want to start is with gold. The price has been on just an amazing run over the last weeks and months. I think today on the futures, we even saw about 4,000 per ounce. Everybody is is looking at what's going on and wondering what is driving gold. How much further can it go? So, let's jump into that and get your perspective on what's happening in the gold market at this time. It is extremely interesting. I call it the power grid on fire, which is the gold gold power money. This is is it's is all happening before our eyes. It's really amazing. And yes, the gold settled actually at $3,980. I don't know if you remember earlier this year on I was predicting there's going to be 4,000 by the end of the month end of the year and then I was predicting there's going to be 3,000 a year ago. So my predictions are not really a prediction. This is really analysis of all the geopolitical events that they are shaping the world and financial world and particularly gold. um is the current price of gold is really something that that I expected and I expected because what is happening what is happening with China in particular China is a um a major I think tone setter for the price of gold. Maybe not that visible to everyone but it is China has a the record production of girl of gold in the world. Uh they are I think in a position to actually bag their UN with gold at the moment. They produce I think 380 um uh tons of gold in 2024 and that's was disclosed. So you don't know and the interesting part is that that uh the unprecedented dominance of China it's in in producing uh gold is also a has to be understood in a different context. They actually acquiring gold from other countries. They're actually building not only huge reserves but they are redefining the international trade and monetary architecture or the entire structure. So here in the world we're looking at all the flash points all over the place and perhaps we're noticing what is happening uh in China with China and how dangerous uh China is to our current a um financial system as we know it on on many levels and and not only in terms of production of gold but also in terms of a the uh what is happening to sewage system and and and the trading groups and the alliances. I spoke many times uh we spoke about BRICS countries. Uh China is is in the center of position with BRICS countries. Many of those countries have a um already um either experimented or they have their own currency backed with gold. Many of those countries are under sanctions. They're for and under they're underdeveloped or they have some they have lots of resources but they are looking into each other for trade. They are looking on each other for alliances not only economic but also I think political and and and military as well. So that's another kind of danger. So a China's recent mandate on allowing or experiment or project uh the insurance companies to hold 1% of their of gold is it's significant because that will push the prices of gold up. Uh any kind of a building reserved by China uh the poses that other countries are doing the same and that's not only with gold but with silver as well. And and and one uh precious metal that is has not been really focused on is platinum which plays a central role in a military um uh systems and and and also industrial applications and and and chemical and the jet fuel uh production of explosives which are necessary in in a lot of the the the flash points around the world. So, but gold I would like to focus for a minute on just on gold. Gold, as you said, is amazing. I mean, I always felt it was money for 5,000 years. Nothing has changed. Sanctions did not touch gold. On the contrary, actually propelled the price of gold to go up. Uh gold is a uh incredible uh store value. Uh gold has incredible appeal as well. But it took a backstage because um of a lot of things that happened. There was a focus on a different kind of market was US departed from the gold standard. The the the winds of change kind of put the gold on the secondary on the on the on the parking lot. But now the gold is out and the gold is defining a power in the world. Purchases of oil transactions that all are backed by gold can be done in gold are being done in gold. Therefore, gold is very much sought after. The refined gold above ground is only limited amount of gold. Therefore, we can look at a humongous surge of prices and and and gold. But also there be an issue with a um supply and demand. There'll be a huge imbalance. Therefore, gold is going to become a store of wealth and and and and incredible I think potential in building one's own wealth, securing one's uh investments. Um many many times you know I discuss with people their investments or or or what they think of gold people still don't have the understanding of the importance of gold in our everyday life for everyone. But when we look at a global system, a geopolitical system, what is happening? BRICS countries are a huge opposition and rival to our western system in in the sense of economics and financial systems. They already dominated over 40 almost 50% half of the world in population. Most of their countries they have either oil or the on the control the oil roots. There is a uh whole market with a um shadow fleet of tankers registered under some dubious names that is uh delivering oil from the countries under sanctions. So there's another almost a secondary market is being created and the idea is that you have to be part of it in order to secure a future as a country and also as an individual. um uh bricks creates a need for or pushes the new uh monetary order in the world. Uh I believe that that that this is just the beginning. Uh there has to be a uh some at some point a greater appreciation how we're going transition and and safeguard our current systems with gold in particularly. So with China, China's insurance mandate is a significant shift in the global gold markets while full impact still is not felt not to the to this at the moment but it also will influence not only the prices but also supply chains and also broader geopolitical landscape of of financial markets. China's strategy is is is not only domestic production but they definitely systematically accumulate gold from other countries particularly the bricks countries. Uh there are vast gold deposits in in in Russia as you know China has a pretty free run in Siberia not only for wood. I was looking at some pictures you know the all the forest devastated like it looks like a farmer field uh but gold and other critical minerals. So from our perspective we have to also look at what is important for a uh national security and then we can put silver and platinum which are the other uh also precious metals they have a store value but also they have a even more important application in a um uh military and industri but gold is definitely a backbone and a main pillar of the financial systems. So that's that's what is happening. The the current prices of gold is just the beginning. I think I think I the world is on on fire. The power grid is with flash points everywhere. We look at the some small elements and we don't see the big picture. Many times there's a turmoil in US as you know political divisiveness still exists to great degree. In France they have another prime minister resigned. This is unprecedented with this huge debt. One of the I think I think the very interesting movement is the fact that um US is making money by eur Europe paying for the for the military equipment from US to sponsor another war. But but that's that's a drop in the bucket. There has to be a um um um overhaul of the entire system. See how how fast can you trade? Whom can you trade with? What are the critical metals? And and so the financial system, the money which is gold, and then you have the other precious metals. There is really a a national security, industry, military. For example, a um um not that long ago, President Trump announced sanctions against countries that do business or they have some kind of relationship with BRICS countries. Well, that's the direct move against South Africa who is the major producer of platinum. The second one is Russia. Although Canada and US have some, you know, some some of the of the of platinum, but this is not enough to meet the demand. So, and that's critical in especially if you have a um any kind of a military confrontations with anyone or we participate or we uh put our resources into that. So I think that the devaluation of some fiat currencies is eminent. I also feel that European I love Europe. I was just in Paris, you know that's uh you know but Europe as much as is beautiful doesn't have the resources natural resources European countries are in debt particularly France uh European countries a struggling with the central government not only financially but also because of the uh regulations don't necessarily resonate with the individuality of the European countries. So, so and then we have a euro major currency that that that there is there was so much fear. What will happen to euro is a question. Is it going to be really a reserve currency? US dollar will stay. I don't think will disappear but we will have a very stiff competition and I think the the gold back currency is going to be the one that is going to be a major I think a uh challenge for US dollar as a reserve currency and in terms of international trading. I I also believe that uh that reserve currency a um uh has to be as a dollar there has to be they have to really rethink is it really good to go back to gold standard. Does it really make sense? Do we have enough gold first of all in a reserve to do that? But if we do whom can we align ourselves with to have that supply? Um unfortunately a lot of the rogue countries have incredible amount of gold and should the gold price go up that will reverse the power structure in the world. That's why I said that the power grid is on fire because you really don't know what will happen because some of the smaller players may have a uh be in a better position than some established uh countries in our part of the world. So that's really critical. The other thing is I think with silver silver is a doing very well and silver is going to sold because of the industrial applications mainly. China is also a has incredible silver strategy but only I think some percentage I don't remember 30% of the silver is actually mined from the mines in the world. So, so it's a rest of it is for byproduct of gold and other mining. So, that means again story for gold not only the ground gold but the gold that is being actually mined and and and and uh where is where are the deposits that that we can you know draw upon. That's the thing. But many of the of the of the countries don't rely on their own mining industry for it. they usually get it from other countries and and this is a challenge because that's when you have alliances that's when you try to have an alliance with countries they have a lot of resources and per perhaps they need something from from us uh puts Canada in a very interesting position because we have everything we have a vast territory and we have and we're we are not really a a antagonistic player in the world but we have the we have the water we have the forest we have the natural resources we have a lot the critical minerals and and u uh that's going to be very interesting how that's going to play out because there be other countries will have appetite perhaps to to have some kind of a joint venture or do something. Um so there'll be a a lot of turmoil coming up. They will push the gold prices probably to $5,000 and more. Right now it's difficult to appreciate all those things. I'm waiting for the um really for the um next major policy move from BRICS countries. What will happen? Um there is a um what will also happen because all those wars in the world you know the Middle East or those flash points are drawing on a lot of political resources and so forth. But the financial system takes itself has its own path and that path the upward movement is is changing from the fiat currency from the paper into into gold which is a physical but it's also a huge opportunity for the digital component although requires tremendous energy s accessibility from other countries the less developed is problematic. So, so, so those things still will support the fact that the physical goal is going to be number one for for or in our lifetime a a a pillar of the financial systems. So now there's an opportunity and I think even what people should do you know you know should I have gold should I get silver should I have platinum well uh if you have not immediate platinum is going to solve for sure if the worst continuing conflicts and jet fuel that's the most important uh as as long as as as we have those needs that be the major driver for platinum uh notwithstanding I think the the pharmaceutical industry and others that that also require platinum but gold itself is is a because of also rare uh not only rare but also a very unique and very a uh in high demand properties is going to be a number one for many many reasons on many levels. Um I I do believe that that uh one really needs to have gold, not just exposure to gold, but gold in their portfolios, in their in their in their in their financial uh basket of goods that to protect themselves. Silver they they call it poor gold because there is incredibly low price. Uh today was at $47 US. it is very good price and and and uh any kind of upswing in price if you have a volume of silver is going to be very very um uh profitable. Um gold has it own path. I believe that uh one requires really a both gold and silver. The ratio will depend uh on on on individual financial system or financial needs from that kind of a national perspective. Governments which to reserve have a gold reserve and silver reserve. Significant uh and and and and if there are major military forces in the world, they need platinum in order to secure their their their theirelves and and uh uh their alliances with other countries. They may not have it. So that's that's very important. I think we have to rethink uh how we handle those things and our um and how we're going to protect our system, protect our well-being, protect our own wealth. And our wealth is not wealth, you know, because the word wealth has misleading. Wealth is is is for someone could be, you know, the little condominium, apartment, one bedroom and a little car. That's their wealth. they don't want to lose it because people that have you know several houses is at rropes or something you know they can afford losing them that's not a problem so so our wealth how does one average person that doesn't have the money really to go and buy gold right now in Canada is worth over $5,000 one one coin so what what do they do um but you still can you you can you can at least have some some investments in gold some investments in silver and and you can you know um proportionally to your uh own you know economic uh you know level or or or need but I think that's a necessity now in terms of a what will happen to a um to the industry how this will influence everything I think we are going to see some major changes in next couple of years because a um before we used to look at the goal from the domestic perspective We used to say oh interest rates election this party that party it doesn't matter anymore you have to look at the entire world and just because you know the whole population goes and protest against this war or that war makes no difference the gold and the financial systems are tracking on a on a steady path and that path is right now at this moment dominated by China secondary has a there's a huge challenge because of the BRICS countries um and there are getting tighter and tighter and and we are not in the western world in our system that we know right now we don't have a provisions for a um um some alternative should uh uh our system be in in some critical danger. uh we don't have that and and that's what is a um a major challenge as this world this this this year is coming to a closure 2025 I think 2026 is going to be a uh um very critical and very challenging there be a lot of news I think on on on the financial systems on on a u how the countries are going to align themselves with each other and I think the battlefront is on a financial systems, follow the money. It's not anywhere else. Well, as as always, such a masterclass in what is going on in global geopolitics and I think it makes total sense to start looking at this more internationally versus at the country level like you're saying. And just just one followup that I have for you in your conversations that you're having maybe with everyday people, are you seeing people in the West starting now to wake up to this this massive shift that's happening? Are people realizing this at this point? Many people do realize. I noticed that people in a in a sort of they um um people that are involved in business or people that they are a uh uh involved in a um more or have a cosmopolitan kind of uh life. They travel. They do see that I in the financial systems I see a u the old routines people cannot accept the paradigm shift they don't really understand what is happening they're looking still at the local level they don't look at globally what is happening globally how would that influence everything um but another thing that the people are saying well but gold is so expensive how could I afford it well I heard the same story when it was a um um $1,000. I heard that story when it was $800. People say, "Well, it's so high, you know, why would I buy it?" Uh I heard it, you know, at $2,800 and and it's always the same story. The question is you have to understand the the the the upward trajectory of gold. It is going up, but at the same time, it will fluctuate. It will go up and down. I was reading the the other day. It just popped in me, you know, on on on on internet on on my phone actually. Somebody was saying, "Oh, the the gold is going down." And I said, "My god, this person is really drinking from some well because, you know, of course it's go down. It's going go down and up, but then up and down and and and vice versa." But what will happen? You have to look at the annual returns or you have to look on the on the sort of longer time span to really understand that it is the safest the best provides the best returns of anything else that you could invest in or or have poor protection as well because you can invest in something that will pro produce some fantastic returns but is not sustainable. This metal will never disappear that will always exist there up and down it will never be zero. So it's it's a that kind of thinking is very very different and price is scary for people right now but but but we see huge increase in in in people buying even though price is scary but when you look at demographics of those that are buying that's the people in the know that's the people that kind of look the the the world from different through different perspective different lens uh people buying houses people have you know several houses they pay property tax they sell them they have to pay cover gains tax what's happening with gold you know there's no taxes on it well yes there is if you if you have an income that's that's a taxation but what I'm saying you don't have to pay property tax every every year on it you don't have to you know yes people may keep it at home and bury in a garden but many people choose like many of our clients the safety of of vaults especially BMA vaults that we were part of uh and and they feel very secure with one phone call they can sell it if it's in a vault it doesn't sort of leave the chain of custody so so it's it's a very I think smooth and simple system but no one really not too many people have a the understanding how to get into it yeah that gives me a good idea of of what you're seeing there and I don't want to take up too much of your time. But before I let you go, you mentioned at the start of this conversation, you did give us that $4,000 gold prediction. So, of course, we've we've made it there essentially right now. You're looking for $5,000 gold. 5,000. And then, do you have thoughts on silver or or platinum? If we're going to 5,000 gold, what are you thinking? Platinum is going to definitely be a be a huge winner. You see I hoped for silver for a long time and it is tremendous but it still has a long way up. Uh takes a very long time though for silver mice to be to produce certain level certain level of silver. So there'll be a lot of pressure. So silver may jump. Uh as you know platinum historically used to be higher than gold in price. So, so I'm I'm thinking that that relationship may may be reestablished in a future. Now, in terms of silver, silver, I heard prediction that silver may be more expensive than gold. I'm not too sure about that for variety of reasons. I think the gold is a really main pillar of financial systems. Always was. Uh silver is numismatic. the coins in silver printed but silver does not have the same uh role as gold. So as much as it it may catch up at some point at this point is very difficult to predict but the gold I can I actually I predicted 3,000 US gold as well when it was well below in one year but just based on geopolitical factors I just look globally what is happening globally what is happening in the marketplace I also look at the sentiment towards gold or towards silver now the sentiment is very good except people are thinking that is you know the price is not attainable for every person but it really is because when you think if you have you know something that's worth thousand bucks and and then know three years later it's 4,000 is is a huge you know huge uh um return uh but it's very difficult to to navigate through that um the fluctuating prices are misunderstood by people they don't understand that that if I you know observe gold price every day and go up and down, you're going to have a nervous breakdown because you know you'll never know you. So you have to look okay fine you know it went down it's going to go up because of all those factors that that you must track and analyze and understand also there are differences as you know in gold price in different countries that's another factor and it's very interesting I think play for for for investors to to look at it as well because you can leverage that um and again that's when the local supply and demand is influenced but the spot press kind of is is is a really impacted by geopolitical factors. Yeah. Yeah. There's definitely I think a mindset shift that needs to happen for some people if they're if they're not in this already and hopefully we get there at some point for everybody. Well, I think this was really good. It gives me a great idea of where you're at right now in terms of the precious metalist. So, thank you as always for coming on to go over everything. This was very valuable. Thank you very much. Of course. And once again, I'm Charlotte Mloud with investingnews.com and this is Ivon Flashik with BMG Group. Thank you for watching. If you like this video, make sure you hit the like button and subscribe to our channel. We'd also love to hear your thoughts, so leave us a comment below. [Music]
Yvonne Blaszczyk: Gold, Silver, Platinum — Flashpoints Everywhere, Moves Just Starting
Summary
Transcript
[Music] I'm Charlotte Mloud with investingnews.com and here today with me is Ivon Blik, president and CEO of BMG Group. Thank you so much for being here. Great to have you. Thank you. It is my pleasure. Really good to be speaking with you once again. Of course, there's so much going on in precious metals, but where I want to start is with gold. The price has been on just an amazing run over the last weeks and months. I think today on the futures, we even saw about 4,000 per ounce. Everybody is is looking at what's going on and wondering what is driving gold. How much further can it go? So, let's jump into that and get your perspective on what's happening in the gold market at this time. It is extremely interesting. I call it the power grid on fire, which is the gold gold power money. This is is it's is all happening before our eyes. It's really amazing. And yes, the gold settled actually at $3,980. I don't know if you remember earlier this year on I was predicting there's going to be 4,000 by the end of the month end of the year and then I was predicting there's going to be 3,000 a year ago. So my predictions are not really a prediction. This is really analysis of all the geopolitical events that they are shaping the world and financial world and particularly gold. um is the current price of gold is really something that that I expected and I expected because what is happening what is happening with China in particular China is a um a major I think tone setter for the price of gold. Maybe not that visible to everyone but it is China has a the record production of girl of gold in the world. Uh they are I think in a position to actually bag their UN with gold at the moment. They produce I think 380 um uh tons of gold in 2024 and that's was disclosed. So you don't know and the interesting part is that that uh the unprecedented dominance of China it's in in producing uh gold is also a has to be understood in a different context. They actually acquiring gold from other countries. They're actually building not only huge reserves but they are redefining the international trade and monetary architecture or the entire structure. So here in the world we're looking at all the flash points all over the place and perhaps we're noticing what is happening uh in China with China and how dangerous uh China is to our current a um financial system as we know it on on many levels and and not only in terms of production of gold but also in terms of a the uh what is happening to sewage system and and and the trading groups and the alliances. I spoke many times uh we spoke about BRICS countries. Uh China is is in the center of position with BRICS countries. Many of those countries have a um already um either experimented or they have their own currency backed with gold. Many of those countries are under sanctions. They're for and under they're underdeveloped or they have some they have lots of resources but they are looking into each other for trade. They are looking on each other for alliances not only economic but also I think political and and and military as well. So that's another kind of danger. So a China's recent mandate on allowing or experiment or project uh the insurance companies to hold 1% of their of gold is it's significant because that will push the prices of gold up. Uh any kind of a building reserved by China uh the poses that other countries are doing the same and that's not only with gold but with silver as well. And and and one uh precious metal that is has not been really focused on is platinum which plays a central role in a military um uh systems and and and also industrial applications and and and chemical and the jet fuel uh production of explosives which are necessary in in a lot of the the the flash points around the world. So, but gold I would like to focus for a minute on just on gold. Gold, as you said, is amazing. I mean, I always felt it was money for 5,000 years. Nothing has changed. Sanctions did not touch gold. On the contrary, actually propelled the price of gold to go up. Uh gold is a uh incredible uh store value. Uh gold has incredible appeal as well. But it took a backstage because um of a lot of things that happened. There was a focus on a different kind of market was US departed from the gold standard. The the the winds of change kind of put the gold on the secondary on the on the on the parking lot. But now the gold is out and the gold is defining a power in the world. Purchases of oil transactions that all are backed by gold can be done in gold are being done in gold. Therefore, gold is very much sought after. The refined gold above ground is only limited amount of gold. Therefore, we can look at a humongous surge of prices and and and gold. But also there be an issue with a um supply and demand. There'll be a huge imbalance. Therefore, gold is going to become a store of wealth and and and and incredible I think potential in building one's own wealth, securing one's uh investments. Um many many times you know I discuss with people their investments or or or what they think of gold people still don't have the understanding of the importance of gold in our everyday life for everyone. But when we look at a global system, a geopolitical system, what is happening? BRICS countries are a huge opposition and rival to our western system in in the sense of economics and financial systems. They already dominated over 40 almost 50% half of the world in population. Most of their countries they have either oil or the on the control the oil roots. There is a uh whole market with a um shadow fleet of tankers registered under some dubious names that is uh delivering oil from the countries under sanctions. So there's another almost a secondary market is being created and the idea is that you have to be part of it in order to secure a future as a country and also as an individual. um uh bricks creates a need for or pushes the new uh monetary order in the world. Uh I believe that that that this is just the beginning. Uh there has to be a uh some at some point a greater appreciation how we're going transition and and safeguard our current systems with gold in particularly. So with China, China's insurance mandate is a significant shift in the global gold markets while full impact still is not felt not to the to this at the moment but it also will influence not only the prices but also supply chains and also broader geopolitical landscape of of financial markets. China's strategy is is is not only domestic production but they definitely systematically accumulate gold from other countries particularly the bricks countries. Uh there are vast gold deposits in in in Russia as you know China has a pretty free run in Siberia not only for wood. I was looking at some pictures you know the all the forest devastated like it looks like a farmer field uh but gold and other critical minerals. So from our perspective we have to also look at what is important for a uh national security and then we can put silver and platinum which are the other uh also precious metals they have a store value but also they have a even more important application in a um uh military and industri but gold is definitely a backbone and a main pillar of the financial systems. So that's that's what is happening. The the current prices of gold is just the beginning. I think I think I the world is on on fire. The power grid is with flash points everywhere. We look at the some small elements and we don't see the big picture. Many times there's a turmoil in US as you know political divisiveness still exists to great degree. In France they have another prime minister resigned. This is unprecedented with this huge debt. One of the I think I think the very interesting movement is the fact that um US is making money by eur Europe paying for the for the military equipment from US to sponsor another war. But but that's that's a drop in the bucket. There has to be a um um um overhaul of the entire system. See how how fast can you trade? Whom can you trade with? What are the critical metals? And and so the financial system, the money which is gold, and then you have the other precious metals. There is really a a national security, industry, military. For example, a um um not that long ago, President Trump announced sanctions against countries that do business or they have some kind of relationship with BRICS countries. Well, that's the direct move against South Africa who is the major producer of platinum. The second one is Russia. Although Canada and US have some, you know, some some of the of the of platinum, but this is not enough to meet the demand. So, and that's critical in especially if you have a um any kind of a military confrontations with anyone or we participate or we uh put our resources into that. So I think that the devaluation of some fiat currencies is eminent. I also feel that European I love Europe. I was just in Paris, you know that's uh you know but Europe as much as is beautiful doesn't have the resources natural resources European countries are in debt particularly France uh European countries a struggling with the central government not only financially but also because of the uh regulations don't necessarily resonate with the individuality of the European countries. So, so and then we have a euro major currency that that that there is there was so much fear. What will happen to euro is a question. Is it going to be really a reserve currency? US dollar will stay. I don't think will disappear but we will have a very stiff competition and I think the the gold back currency is going to be the one that is going to be a major I think a uh challenge for US dollar as a reserve currency and in terms of international trading. I I also believe that uh that reserve currency a um uh has to be as a dollar there has to be they have to really rethink is it really good to go back to gold standard. Does it really make sense? Do we have enough gold first of all in a reserve to do that? But if we do whom can we align ourselves with to have that supply? Um unfortunately a lot of the rogue countries have incredible amount of gold and should the gold price go up that will reverse the power structure in the world. That's why I said that the power grid is on fire because you really don't know what will happen because some of the smaller players may have a uh be in a better position than some established uh countries in our part of the world. So that's really critical. The other thing is I think with silver silver is a doing very well and silver is going to sold because of the industrial applications mainly. China is also a has incredible silver strategy but only I think some percentage I don't remember 30% of the silver is actually mined from the mines in the world. So, so it's a rest of it is for byproduct of gold and other mining. So, that means again story for gold not only the ground gold but the gold that is being actually mined and and and and uh where is where are the deposits that that we can you know draw upon. That's the thing. But many of the of the of the countries don't rely on their own mining industry for it. they usually get it from other countries and and this is a challenge because that's when you have alliances that's when you try to have an alliance with countries they have a lot of resources and per perhaps they need something from from us uh puts Canada in a very interesting position because we have everything we have a vast territory and we have and we're we are not really a a antagonistic player in the world but we have the we have the water we have the forest we have the natural resources we have a lot the critical minerals and and u uh that's going to be very interesting how that's going to play out because there be other countries will have appetite perhaps to to have some kind of a joint venture or do something. Um so there'll be a a lot of turmoil coming up. They will push the gold prices probably to $5,000 and more. Right now it's difficult to appreciate all those things. I'm waiting for the um really for the um next major policy move from BRICS countries. What will happen? Um there is a um what will also happen because all those wars in the world you know the Middle East or those flash points are drawing on a lot of political resources and so forth. But the financial system takes itself has its own path and that path the upward movement is is changing from the fiat currency from the paper into into gold which is a physical but it's also a huge opportunity for the digital component although requires tremendous energy s accessibility from other countries the less developed is problematic. So, so, so those things still will support the fact that the physical goal is going to be number one for for or in our lifetime a a a pillar of the financial systems. So now there's an opportunity and I think even what people should do you know you know should I have gold should I get silver should I have platinum well uh if you have not immediate platinum is going to solve for sure if the worst continuing conflicts and jet fuel that's the most important uh as as long as as as we have those needs that be the major driver for platinum uh notwithstanding I think the the pharmaceutical industry and others that that also require platinum but gold itself is is a because of also rare uh not only rare but also a very unique and very a uh in high demand properties is going to be a number one for many many reasons on many levels. Um I I do believe that that uh one really needs to have gold, not just exposure to gold, but gold in their portfolios, in their in their in their in their financial uh basket of goods that to protect themselves. Silver they they call it poor gold because there is incredibly low price. Uh today was at $47 US. it is very good price and and and uh any kind of upswing in price if you have a volume of silver is going to be very very um uh profitable. Um gold has it own path. I believe that uh one requires really a both gold and silver. The ratio will depend uh on on on individual financial system or financial needs from that kind of a national perspective. Governments which to reserve have a gold reserve and silver reserve. Significant uh and and and and if there are major military forces in the world, they need platinum in order to secure their their their theirelves and and uh uh their alliances with other countries. They may not have it. So that's that's very important. I think we have to rethink uh how we handle those things and our um and how we're going to protect our system, protect our well-being, protect our own wealth. And our wealth is not wealth, you know, because the word wealth has misleading. Wealth is is is for someone could be, you know, the little condominium, apartment, one bedroom and a little car. That's their wealth. they don't want to lose it because people that have you know several houses is at rropes or something you know they can afford losing them that's not a problem so so our wealth how does one average person that doesn't have the money really to go and buy gold right now in Canada is worth over $5,000 one one coin so what what do they do um but you still can you you can you can at least have some some investments in gold some investments in silver and and you can you know um proportionally to your uh own you know economic uh you know level or or or need but I think that's a necessity now in terms of a what will happen to a um to the industry how this will influence everything I think we are going to see some major changes in next couple of years because a um before we used to look at the goal from the domestic perspective We used to say oh interest rates election this party that party it doesn't matter anymore you have to look at the entire world and just because you know the whole population goes and protest against this war or that war makes no difference the gold and the financial systems are tracking on a on a steady path and that path is right now at this moment dominated by China secondary has a there's a huge challenge because of the BRICS countries um and there are getting tighter and tighter and and we are not in the western world in our system that we know right now we don't have a provisions for a um um some alternative should uh uh our system be in in some critical danger. uh we don't have that and and that's what is a um a major challenge as this world this this this year is coming to a closure 2025 I think 2026 is going to be a uh um very critical and very challenging there be a lot of news I think on on on the financial systems on on a u how the countries are going to align themselves with each other and I think the battlefront is on a financial systems, follow the money. It's not anywhere else. Well, as as always, such a masterclass in what is going on in global geopolitics and I think it makes total sense to start looking at this more internationally versus at the country level like you're saying. And just just one followup that I have for you in your conversations that you're having maybe with everyday people, are you seeing people in the West starting now to wake up to this this massive shift that's happening? Are people realizing this at this point? Many people do realize. I noticed that people in a in a sort of they um um people that are involved in business or people that they are a uh uh involved in a um more or have a cosmopolitan kind of uh life. They travel. They do see that I in the financial systems I see a u the old routines people cannot accept the paradigm shift they don't really understand what is happening they're looking still at the local level they don't look at globally what is happening globally how would that influence everything um but another thing that the people are saying well but gold is so expensive how could I afford it well I heard the same story when it was a um um $1,000. I heard that story when it was $800. People say, "Well, it's so high, you know, why would I buy it?" Uh I heard it, you know, at $2,800 and and it's always the same story. The question is you have to understand the the the the upward trajectory of gold. It is going up, but at the same time, it will fluctuate. It will go up and down. I was reading the the other day. It just popped in me, you know, on on on on internet on on my phone actually. Somebody was saying, "Oh, the the gold is going down." And I said, "My god, this person is really drinking from some well because, you know, of course it's go down. It's going go down and up, but then up and down and and and vice versa." But what will happen? You have to look at the annual returns or you have to look on the on the sort of longer time span to really understand that it is the safest the best provides the best returns of anything else that you could invest in or or have poor protection as well because you can invest in something that will pro produce some fantastic returns but is not sustainable. This metal will never disappear that will always exist there up and down it will never be zero. So it's it's a that kind of thinking is very very different and price is scary for people right now but but but we see huge increase in in in people buying even though price is scary but when you look at demographics of those that are buying that's the people in the know that's the people that kind of look the the the world from different through different perspective different lens uh people buying houses people have you know several houses they pay property tax they sell them they have to pay cover gains tax what's happening with gold you know there's no taxes on it well yes there is if you if you have an income that's that's a taxation but what I'm saying you don't have to pay property tax every every year on it you don't have to you know yes people may keep it at home and bury in a garden but many people choose like many of our clients the safety of of vaults especially BMA vaults that we were part of uh and and they feel very secure with one phone call they can sell it if it's in a vault it doesn't sort of leave the chain of custody so so it's it's a very I think smooth and simple system but no one really not too many people have a the understanding how to get into it yeah that gives me a good idea of of what you're seeing there and I don't want to take up too much of your time. But before I let you go, you mentioned at the start of this conversation, you did give us that $4,000 gold prediction. So, of course, we've we've made it there essentially right now. You're looking for $5,000 gold. 5,000. And then, do you have thoughts on silver or or platinum? If we're going to 5,000 gold, what are you thinking? Platinum is going to definitely be a be a huge winner. You see I hoped for silver for a long time and it is tremendous but it still has a long way up. Uh takes a very long time though for silver mice to be to produce certain level certain level of silver. So there'll be a lot of pressure. So silver may jump. Uh as you know platinum historically used to be higher than gold in price. So, so I'm I'm thinking that that relationship may may be reestablished in a future. Now, in terms of silver, silver, I heard prediction that silver may be more expensive than gold. I'm not too sure about that for variety of reasons. I think the gold is a really main pillar of financial systems. Always was. Uh silver is numismatic. the coins in silver printed but silver does not have the same uh role as gold. So as much as it it may catch up at some point at this point is very difficult to predict but the gold I can I actually I predicted 3,000 US gold as well when it was well below in one year but just based on geopolitical factors I just look globally what is happening globally what is happening in the marketplace I also look at the sentiment towards gold or towards silver now the sentiment is very good except people are thinking that is you know the price is not attainable for every person but it really is because when you think if you have you know something that's worth thousand bucks and and then know three years later it's 4,000 is is a huge you know huge uh um return uh but it's very difficult to to navigate through that um the fluctuating prices are misunderstood by people they don't understand that that if I you know observe gold price every day and go up and down, you're going to have a nervous breakdown because you know you'll never know you. So you have to look okay fine you know it went down it's going to go up because of all those factors that that you must track and analyze and understand also there are differences as you know in gold price in different countries that's another factor and it's very interesting I think play for for for investors to to look at it as well because you can leverage that um and again that's when the local supply and demand is influenced but the spot press kind of is is is a really impacted by geopolitical factors. Yeah. Yeah. There's definitely I think a mindset shift that needs to happen for some people if they're if they're not in this already and hopefully we get there at some point for everybody. Well, I think this was really good. It gives me a great idea of where you're at right now in terms of the precious metalist. So, thank you as always for coming on to go over everything. This was very valuable. Thank you very much. Of course. And once again, I'm Charlotte Mloud with investingnews.com and this is Ivon Flashik with BMG Group. Thank you for watching. If you like this video, make sure you hit the like button and subscribe to our channel. We'd also love to hear your thoughts, so leave us a comment below. [Music]