The Global Monetary Reset Is Here; EVERYTHING You Need To Know

Every morning you open your phone and there's a new reason to panic. Tariffs, debt, Middle East, dollarization, BRICS, and every finance guy on the internet and mainstream media is selling you fear with a countdown timer. Brilliant. But that's not what this is. My name is Felix. This is Winston back there. And we're retired investment bankers. And we've been teaching well over 20,000 students over the last 6 years the actual institutional strategies that are usually reserved only for the bankers. And today I'm going to expose a policy change that could either make you really wealthy, potentially, or it could wipe out your retirement, depending on what you do next. And I follow one simple rule. I follow what can't be printed. That's it. So here's what you're getting today. You're getting the whole picture plus the specifics in one sitting. No hype, just the connection between what's happening at the top and where the capital, the money actually flows.

So, let's start at the very top. The US dollar system, the one that's held up global trade since World War II. It's 80 years old. Woohoo. But here is the math problem. America has $40 trillion in debt. 40 trillion freaking dollars. And that's growing very rapidly every month. Now, you can't repay that, right? It's just mathematically an impossibility. So, there are exactly three exits here. Number one, you default. You tell the world, "Sorry, we can't pay." Now, that ends the world and the dollar. And number two, you can do austerity. You cut spending in half. You cut benefits. And you probably start a civil war. Or number three, you just print more money. That's the one that's politically survivable and that's the one that's happening. And while that's happening, central banks, the ones printing the money, bought about a thousand tons of gold last year. Third record year in a row. Meanwhile, the BRICS countries are building a parallel finance settlement system. So, the thesis is fairly simple. Cash is trash. And if you follow what can't be printed, you follow commodities and alternative forms of money.

Which brings us to where this is actually playing out. Four sectors, four chapters. First, let's talk about silver. Here's the thing about silver that people just miss. It's not just money. It's not just jewelry. It's half money and it's half an industrial metal, which means it gets squeezed from both sides, the stackers and the industrial demand. But 30% of silver demand comes from solar panels, electric vehicles, AI chips, defense systems, industrial applications, and they're all growing like really rapidly because the US is reindustrializing, if you haven't noticed. And then the rest is money-like demand. People treating it like what it actually is. It's like wealth you can touch and that they can't print. And for the fifth year in a row, we are using, as in destroying, more silver in industrial applications than we are pulling out of the ground. Fifth year in a row. What does that mean? The amount of silver above ground is declining. So you've got real supply constraints. You've got real demand and you actually have a price that's reflecting neither. And we get into that in a bit more detail about the whys and the hows.

Now, second, we have gold. And gold's been money for 5,000 years, but it's not an investment. It's sort of like a a lie detector for currencies. Like Winston, you could sniff out something that wasn't true, couldn't you, Winston? Winston, can you sniff things out? Yes. Yes. You see, very large nose. But if you go back far enough, a Roman soldier made about 1 ounce of gold per year. That was a salary. 1 ounce of gold back then, you know what it would buy? They would buy a nice uniform, pretty decent one, shoes that would last, you know, marches of thousands of miles. And what does an ounce of gold buy today? A nice suit, pretty decent shoes, you know, I mean, talking quality, high-end, same stuff 2,000 years later. It's literally worth the same thing. It buys you the same thing. The US dollar since 1971, when we went from the gold standard to the uh, just a standard, it's lost 90% of its power, 90% of its value. You need $10 today to buy what $1 bought back in 1971. And the central banks know it, so they're buying gold more every year. And it's genuinely rare. It's scarce. All the gold in the world that we've dug out of the ground for the last 5,000 years could fit into a couple of Olympic swimming pools, three and a half to be precise. It's really not a lot, is it? So, it's just genuinely rare. I have a friend who's starting a gold mine and he was telling me there is, in a ton of rock you get out of the ground, there is typically between six and 25 grams of gold in that, like a teeny tiny amount. The rest is just other stuff. It's a bit of silver in there, copper or something, but it's mostly rock.

But I mentioned copper, and copper is our third sector. Copper is really, really boring. No one gets excited about it, but it's the most important metal nobody really talks about, and there's a reason for it. Four sources of demand, which are all accelerating because we've got AI data centers. They need massive amounts of wiring and cooling systems made by copper. Second, electric vehicles. An EV uses 200 pounds of copper. 200 pounds. And then we have the grid, right? They have to upgrade the power infrastructure because we're using a lot more electricity and we're using it from renewable sources and all that kind of stuff. And that needs a lot more that. And that needs copper. And then we've got fourth, defense, radar systems, weapons, infrastructure. Military spending is highly copper intensive. And everything the military is now building is electric, right? Powered by batteries. And that needs more copper. Now, you might think, okay, well, they're just going to dig more stuff out of the ground, right? Well, from the time you get a permit to the moment you actually pull it out of the ground, how long do you think it takes? Put in the comment. Put your best guess in there. In years, 5 years, 1 year, 10 years. The average is 15 to 20. 15 to 20 years. So, this is not something that you fix rapidly.

Now, you might be thinking, well, this is an old story. I've missed it. I'm I'm too late to the party. Well, this is what most people don't understand. Commodity prices move in phases. Phase one is when the smart money figures it out, Wall Street and my students, um, because we teach them. Phase two is when institutions wake up and start really, really buying. And phase three, that's when retail investors finally show up and everyone thinks it's too late because the prices run a lot. Most people arrive in phase three and then the whole thing gets tied together by what? Oil. But a hundred million barrels of oil are traded every single day. For the last 50 years, every single barrel has been priced in dollars. Not, you know, monkey currencies like euros or, you know, yen or something. No, no dollars. And this is why America can afford to have $40 trillion in debt because the world needs dollars to buy oil. Even if you're Japan or the Germans or the Indians, you need dollars to purchase energy. It's what holds it all together. And it's what lets the US run this massive deficit year after year because there's this artificial demand for dollars. Let me explain that to you in about 90 seconds. 1944, Bretton Woods. US comes out of World War II. They have all the gold, literally all the gold in the world. Moved to the US in World War II. US didn't get destroyed. Europe did, Asia did, most of the world did, but not the US. So the US sets up the global dollar system and it works for the next 27 years. And then 1971 comes along and it gets nixed by Nixon because the US just didn't have any more gold. So Nixon suspends the gold standard. It's still suspended. It's a temporary thing. Just trust them. Trust the politicians. There's a very smart chap called Kissinger and he came up with a solution. He went to the Saudis and he made a deal and Saudi Arabia agreed to price oil only in dollars. In exchange, America provides military protection and that trade kept the dollar alive for another 50 years. But we're getting some cracks, right? BRICS, bilateral trade, China, India, Saudi, Russia, they're starting to trade in some other currencies. So if the pro-dollar, as we call it, cracks, money looks for another safe haven to something that can't be printed. Silver, gold, copper, real assets.

So this is the whole this reset story, right? There are four chapters to it. You've got currency debasement at the very, very top. You've got an unsolvable debt problem. You've got central banks buying gold. And you've got alternative systems to the dollar being built. And at the bottom, you've got that industrial scarcity meeting the demand for those of those people who want stable investments. So, this isn't about panicking. This is not some doomsday scenario. It's about where does the money actually flow when the rules change. And the rules are changing. Pour yourself a cup or something. Get comfortable. This might be the most useful two hours you spent this year because we're about to go deep on each one of these sectors. We're going to talk about specific positions, timing, what the data says, where the opportunities are, and first, we're going to talk about the global currency research itself, how it happened, why it matters, and exactly where we are right now and how to position yourself.

Most people think investing is about picking the right stock or somehow timing the market. But that's not what this is about anymore. We're living through the biggest wealth transfer in modern history. America's debt has reached a point where it can no longer be paid back. Not through taxes, not through cuts, not through growth. And history shows us what exactly happens next. The currency gets devalued. Inflation runs hot. And wealth transfers from the people holding cash to the people holding assets. If you position yourself correctly, you can protect your wealth and even come out ahead. But if you don't, you'll watch your purchasing power disappear while everyone else around you seems to be getting rich. So, in this video, Winston and I, and Winston does all the hard thinking and research around here, as you can tell, which is why he's so exhausted. We're going to walk you through exactly what we would do if I was starting my investment journey right now, not in a normal economy, but in this environment where the rules have changed, where the traditional playbook, it doesn't work anymore. So, this is the the debt reset investment strategy, and by the end of this video, you'll know exactly how to use it. So, let's get started.

Now, we're going to cover a lot of ground here today. So, I'm also going to give you for free a workbook that'll walk you through all these steps so you can download that and walk through that on your own afterwards and for this really to sink in and for you to make your plan for 2026. We all know the system is rigged. We know it isn't fair. We know it's designed to help the wealthy protect themselves while the regular people get left behind. And while that is true, once you see through that, you can actually participate on the winning side of it, no matter what your income level is. And this is really what this is about. So most of us know the US owns some crazy $37 trillion in debt. It almost doesn't matter anymore what the number is. That's $280,000 per household, you know, six times annual national income. It's just impossible to ever pay this back. And in the last few months of 2025, the mask has come off. The government has stopped pretending they're going to fix it through being responsible because politicians are incentivized to do the popular thing, not to do the right thing. They're now executing the plan that I've been warning you about. They're cutting interest rates. So, we are getting lower rates. And that's even though inflation is still pretty high. And they're basically saying GDP growth has to come in at something like 20%. That's not going to be real GDP growth. That's going to be inflation. And they're going to use crypto and stablecoins to fund their debt. That's not theory anymore. This is actually happening right now. And it changes, I believe, how you should invest.

Now, I want to be very clear. I'm not a financial advisor. I'm not telling you what to do. I'm just giving you my insight, my perspective, and it can be perhaps part of your research. But the old rules, you know, just buy and hold a random index fund, keep six months of money aside as an emergency fund, and have some cash savings lying around. Well, that doesn't really, I don't think that's really working anymore. I think that was written for a different world. A world where the dollar was stable, where inflation was low, where the debt was manageable. That world isn't coming back anytime soon. So if you keep playing by those rules, I think you're going to lose. Not because you are unlucky or something, just because the game has changed and you haven't been told. So let me tell you what the new rules are. But first, quickly, you need to understand the framework. What's the plan of the mighty? Now, if you're new here, I'm Felix Pri. I'm a former investment banker. That's Winston back there. And I've spent years studying how the system actually operates. I'm also the founder of the Goat Academy where we taught over 20,000 students how to build and protect their wealth. I'm also the co-founder of Trade Vision which gives regular investors like you and me access to the same news and the same data that the institutional players use.

The first plan is to fund the ever-increasing debt. How are they going to do that? Not through taxes, not through any of that. Through crypto. How does that work? Well, you may have heard of stablecoins, USDT and USDC particularly. They're the secret weapon. So, what happens is you buy a stablecoin. So, you put a dollar into one of these stablecoins. What does the stablecoin do with your dollar? They are going to go and they are going to buy US debt with it. Why? Pays them an interest rate and has zero risk. And they are permitted to do that by law. The Genius Act makes this the rule, essentially. So people give real dollars to these companies. The companies give a digital token back to you and they take the dollar and they buy US government debt with it. And it creates a massive demand for government debt. Now, why is that important? Because the traditional buyers of US government debt, China, think Japan, think Saudi, you know, those guys, well, they're backing away. They saw what happened to Russia's $300 billion dollars in reserves that just got fugazied away. It got frozen. But the crypto people, they're happy to hold stablecoins backed by government bonds. They think they're just holding digital dollars, but really they're funding America's debt. So that's step one. That's where the money comes from.

Now, step two, debt, right? We all know that there is debt. It's about 37 trillion of it. Stop hopping on about it. And then you have the real debt. So the government is never going to pay back the 37 trillion. They just make it worth less. How do they do that? Inflation. Think about it. If you owe somebody $100, but then inflation makes the dollar lose half its value. You really now only owe them $50. So the numbers stay the same, but the burden dropped by half. And this is how every empire in history has dealt with unpayable debt, right? Rome debased their currency. That is took the silver out of the coin. Britain inflated away their war debts and lost their reserve currency status. And now it's America's turn. So what is the outcome of this? The outcome of this is step three. You get a big transfer of wealth from the savers. Their dollars are going to flow to asset owners. And when I say savers, I also mean salary men, which is a lovely Japanese phrase for people who have 9 to 5 jobs. I think it's very appropriate.

Now, here's where it gets personal. When inflation runs hot, cash loses value. Your savings account, say you're getting a 1% interest in your savings account, but inflation is at 5%. What do you think happens to your money? You are losing 4% per year. But when you buy assets, stocks, real estate, gold, Bitcoin, they increase in value with the currency. You know, say you live in a $300,000 house, that just becomes a $400,000 house, not because it's a better house. That process is called inflation. So you feel richer, but you probably aren't because you can't just go and buy a better house for $400,000. All the houses are now $400,000. So your dollars become worth less. But if you own assets, inflation can help you. Your stocks go up, your real estate appreciates, your Bitcoin moons, right? You feel rich. But if you're a salary slave, sorry, worker with cash savings, you get destroyed. Your paycheck buys less every year. So yeah, you might be getting a 5% pay rise, but if inflation is 7% or 10%, I mean, talking about real inflation, not the number the government feeds you, then you're working harder, but you keep falling further behind. That sound familiar? That is the wealth transfer and it's happening. And the evidence is absolutely everywhere. Trump is calling for 20% GDP growth. Now, that just doesn't happen in a developed economy, but what you can get is 3% growth and 17% inflation, which makes the economy look 20% bigger. So you hit your target, you can tell everybody how marvelous you are, but it does actually make people poorer. You get the US government, the Commerce Secretary publicly attacking the Federal Reserve, demanding they cut interest rates. Again, that is not normal. The Fed is supposed to be independent. Now, Trump's going to appoint a Fed chair who will do as he's told, who will cut interest rates. That's the requirement to get that job. So, the Fed is going to comply. They just cut interest rates again already. They're going to cut them a lot more next year despite inflation risk. And how does that work? Well, you get lower rates. Lower rates make debt cheaper. Think about your car loans, your store cards. I hope you paid them off, but you know what I'm talking about. All your interest drops. It's cheaper to do that. So, what are you going to do? You're going to spend more, right? The same applies to companies. It's cheaper to build the new factory, to buy the new machine and finance it. And that all creates what? Well, it creates more profits along the way, more turnover. And that profit then means that stock prices go up. So the rich get richer. And part of this spending also means inflation goes up. And that's the plan. And that's because we have a disconnect. We have two economies. We have the Wall Street economy and we have the real economy. They are two different worlds. Wall Street is booming. Main Street is struggling. And the gap is going to get wider and wider and wider. That is actually the policy.

So this is the environment you're investing in. That's the 2026 reality. There's not a political statement, right? It's weird, but I benefit from it. But I also see the unfairness of it. And now you understand the game. So let me tell you how to win in this game in my humble opinion.

So here's the strategy and it's simple, right? Because, um, Winston likes simple. So I'm going to give you some rules. Rule number one is own assets, not cash. Not cash. Repeat that please. In an inflationary environment, cash is trash. It's the fuel that burns to transfer wealth. So, your number one priority is to convert your cash into assets as quickly as reasonably possible. Do that and you're going to do better. Now, I'm not saying zero dollars to your checking account, right? You're going to sit on, have some emergency fund, keep what you need to pay bills and so on, but everything else, put it to work. I do it every Monday. I put my money to work every single Monday. And then the second part is we want to be in multiple places. So we want to be in different asset classes. We're going to dive into those a little bit more deeply because this is important. Don't put everything in one place. Don't be 100% in AI or drones or Tesla or Palantir or whatever because that's going to be risky because nobody ever knows which assets will perform best. So you want to spread this out a little bit. This is your life's, the foundation of your life, right? So if I was starting today, this is what I would do.

Asset one, my favorite asset. I would put about 50 to 60% of my money into this. I'm not saying you need to, you should. It's not advice. I'm just saying some guidance, some thoughts to start your thought process. And what's the first asset? Stocks. Good old simple stocks. Ownership of companies because when inflation hits, companies can raise their prices. Their revenue goes up, their profits go up, their stock prices go up, and they're printing money, and the money is going to flow into the stock market. It's all going to keep going up. Now, not every stock in this environment is going to work. So, you want companies with pricing power, companies that can pass inflation onto consumers. So, who have we got here? Big tech can pass on price increases. We have energy companies. They can just pass on the price increases. We have consumer staples, stuff you have to buy. We have healthcare, basically the stuff people need no matter what. Now, how do you invest in this? Look, if you want simplicity, you go for an index fund, something like VOO. Again, I'm not advertising Vanguard. This is never a sponsor. We don't do any sponsorships or endorsements or anything that nonsense. We just keep it clean and simple here. But an ETF, basically a simple ETF that has low fees will do the trick. You could also be a little bit individual stocks if you're a bit more advanced, right? You can pick them. But the key is owning stocks. So keep it simple or you want to go individual stocks. You know what to do.

Now the second asset class to me, and this might surprise you, is real estate. Real estate is probably only accessible to you if you have a little bit more money. Like if you have $5,000, you can't exactly buy a house. Um, but it is a classic inflation hedge. As the dollar loses value, property prices go up and then you can actually get fixed-rate mortgages, which means inflation actually helps you. So, say you wait for inflation to come down a little bit next year and then you get a fixed-rate mortgage that is say you're going to pay 4% maybe it's 5% mortgage. Now, if inflation runs hot and say inflation is at 8%, are you upset that you're paying 4% for the mortgage? No. Because that value of everything is going to go up by 8% at least in nominal terms. So, your mortgage is going to be less and less and less and less. It's the same thing that the US government's doing with its debt, right? So debt becomes cheaper in real terms while your asset appreciates as a proportion of your house. The mortgage is going to be less and less and less and less and less. So I'm not saying go out and buy three rental properties tomorrow. That's, you know, not what I'm saying. But I'm saying get some real estate exposure. Now you could also do REITs. REITs are real estate investment trusts. They are traded. These are companies that own property. So you can buy shares in them just like with anything else. They typically pay dividends. They appreciate with inflation. Usually quite volatile, but can be a good way to get access to that if you can't or don't want to buy real estate. It's called real for a reason, by the way.

Number three, gold. Maybe you want to throw silver into the mix as well. Gold's been for 5,000 years plus, and central banks around the world are buying more gold than at any time in the last 50 years. Why? They don't trust the dollar. They see what's coming. They've watched this video. So if the people running this system don't trust the currency, why should you hold all your wealth in it? So how do you invest into it? The simplest way is, I mean, maybe not the simplest way, but is buy physical gold. Buy this from the the big reputable dealers, not some random corner store. You want to get a good price. The bigger the piece you buy, the the lower their markup. You could also buy gold ETFs. There are gold ETFs like GLD. They will match the price essentially, simpler, but you don't have the benefit of having the physical thing. Um, gold miners if you can handle more risk. We made a lot of money on gold miners this year, but that becomes a little bit more, you know, there's a little bit more to it. That's number three.

And then you've got number four, crypto. Now I'm going to put Bitcoin here because that would be the one that most people would go for. Um, and I'm not a crypto maximalist. I I but I you can't ignore the numbers. Bitcoin has outperformed every asset class for the last decade. And there is a reason that I'm not a crypto maximalist. And I think it's something most people miss. Crypto isn't fighting the system anymore. It is the system. Stablecoins are funding government debt. Politicians are now pro-crypto. This is not a rebellion. This is an integration. My humble opinion is that Bitcoin was made by certain three-letter agencies to just mop up all the dodgy money out there and get complete transparency. And then we're going to move to the beautiful shiny new world of central bank digital currencies where they can track and trace every payment across the world and they can tax it, they can freeze it. So, how do you invest in Bitcoin? Um, I still think it's probably the safest bet in crypto. It's still pretty volatile. Ethereum could be something you could add to it. I'd keep it simple. Don't invest more than you can afford to lose. That's generally the rule in trading.

So, that is basically the framework. If you drew a pie chart here, and everybody's pie chart looks different. Mine looks like a real pie. Uh, for me, it's mostly stocks. Then you have some real estate. And then you have up here some basically metals and crypto. All four asset classes have one thing in common. They inflate with the currency. We've covered this. We haven't covered what not to do because avoiding mistakes is actually even more important than making good decisions.

So what's the mistake number one? I see this with lots of people. They're sitting on the sidelines. They're saying, "I'm waiting for the crash. I'M GOING TO INVEST LATER." So cash is your enemy. Too much cash, it's guaranteed to lose money. If you look at history, I don't know the exact number, but the last, I don't know, 80 years, the dollar has lost something like 90% of its value. That's happening now and it's happening at an accelerated rate. So you are definitely going to lose money on the cash. I'm still saying, yeah, have some emergency fund around. You're going to need to be able to pay the pay the bills and so on.

The second mistake that I see is long-term bonds. Bonds are supposed to be the safe investment, right? But if you get lots of inflation, they actually get destroyed, right? Because bonds pay fixed interest. Most of them do. So say you buy a bond that pays a fixed, you know, 4% interest right now, which would not be so bad. I think 4% 4% is okay, right? Guaranteed, no no downside. But what if inflation, and I'm talking about real inflation here, goes up to say 6%? You are actually losing 2% per year in real terms. So what do you think is going to happen to the value of that bond? You think people are going to buy that off you? No, they're not. So long-term bonds don't make a lot of sense for most people. Um, now if you're in retirement, can be a part of it, right? Just don't lock up everything in these long-term treasuries with fixed interest rates. There are floating rates that can be better. There are some corporate bonds that actually can make a lot of sense, but the long-term treasuries seem like a mad thing to do.

And then number three, this is for the timers. The market timers. You want to wait for the perfect moment, don't you? I'll invest when the market pulls back. I'll wait until things settle down. Here's the problem. The plan's in motion. The Fed is cutting rates. The government's printing money. The government's spending two trillion more per year than it has. Asset prices are rising. Every month you wait is a month of devaluation. Every week in cash is a week you lose. Don't try to time it perfectly. There isn't the perfect timing. Dollar cost average if that makes you feel better. So take your lump sum and spread it into the market over six months. Right? Psychologically, that can often make things easier. It's the same thing.

And then number four, people ignore the world. Especially you Americans, you don't realize there is a world west of California and east of New York. Um, but no, in all honesty, this is happening everywhere. Europe is doing the same thing. They have the same debt crisis. They want to ease policy. Japan's been doing this for 30 years. Most of Asia is dealing with the same problem. The whole world is coordinated in this. Every major central bank is going to print money. All currencies are going to devalue together. Even if you think, oh, I can move to euros or yen or something, it doesn't solve the problem. They are all losing value together. That's why you need assets. Assets are the escape hatch. It's your it's your life vest from all the currencies simultaneously losing value.

So how do we implement this in in in actual steps? First step is you do want an audit. You sit down, you write down what you got, where you what you own. I do this every week. Seriously, every Sunday I do this and I share it with my family so that we all are on the same page. Cash and checking accounts, retirement accounts, 401ks, IRAs, your taxable accounts, any real estate you have, any crypto, any gold. You want to track that stuff so you know what you've got. Look at what percentage is in each asset class. What percentage is in cash versus assets? And then in number two, set your target allocation. Don't follow what I'm doing blindly. Come up with what works for you, right? Talk to a financial advisor about it. Just find someone who's smart. Pay him by the hour. Don't give him a commission. He's going to recommend stuff that you don't want. And if you don't already have them, you're going to need the right kind of accounts. If you're in the US, you definitely want a Roth IRA, right? You want to max out your 401ks up to the contribution from your company, your employer if you've got one. Um, if you want to own crypto, well, you're going to need an account. Someone like Coinbase is probably a safe place to have an account. Your gold ETFs, your REITs, all that stuff will come from your from your brokerage. You probably already have that. Now, if you want to buy physical gold, any major dealer is fine, right? Just set that up. Again, you're probably going to have to do some KYC there. That's going to take a few days. And then every week or every month depending on how you get paid, you're going to want to automate, you want to auto-invest. And that can be done manually, but it's still it's a process you'll always do. So maybe that'll be, you know, $500 into VOO. Maybe that'll be $200 into some REIT, right? Maybe it's $100 into gold. Again, these are just random numbers. I'm not saying that's what you should do. Everybody, it'll depend on, you know, where you are. And you could obviously add some crypto to that. Adjust the amounts to your situation. You're going to want to make it automatic.

And then probably the most important step, if you only learn one thing today, it is ignore the noise. They try to shake you out of your plan because it's what makes you wealthy. And, um, you just got to stick with it. The market's going to have bad days. Stuff's going to crash. It's going to recover. The real estate will do this and that. Gold will be boring for a year. None of that really matters. What matters is the long-term trend. And the long-term trend is clear. Currencies will lose value. Assets will inflate. Wealth will move from the cash people, that's the salaried people and the people who are saving, to the asset owners. There's only one way to win. It is to be an asset owner. Everything else is secondary. Set up the system, automate it, live your life. Don't check your portfolio every day. It makes no bloody difference. Don't panic sell when things drop. Don't chase the latest hot stock. Don't feel like you're going to miss out on stuff. People always say to me, "Oh, Felix, are you in on this thing?" I'm like, "No." And they look at me like, "But why not? Why not? You got an opinion on this." I'm like, "I'm perfectly happy missing out on most things." And once you realize that you'll always miss out on most things and you can still be financially free and live a beautiful life and have tremendous returns, the pressure kind of gets taken away. You don't need to watch and read everything.

The power brokers, the politicians, the bankers, the Wall Street guys, they know everything I've just told you. They own stocks, they own real estate, they own gold, they own businesses, they are positioned perfectly for inflation. So when they cut interest rates, they pump inflation, they make more money, their real estate appreciates, their wealth compounds faster. The normal people, the nurses, the teachers, the truck drivers, the small business owners, they just see higher bills, higher rent, higher gas. Their money seems to be not going as far. Inequality is going to accelerate. I don't think this is some evil conspiracy. I think this is just the decision. This is what happens when you spend too much money for too long. The debt's too big. System is now entrenched. The incentives are aligned. They're going to do this. Most people won't understand this. So most people won't notice that it's happening. They won't blame anyone for it. But you now understand it. So you can choose to be on the right side of the wealth transfer, right? You and your children and and generations to come. So benefit from the policies no matter what you think of them and use them to understand your wealth building plan and and and just sit down and write that out. Do it with your family.

If you own silver or any precious metal or even you've been thinking about buying silver or gold, what I'm about to show you is going to make you furious and then it's going to make you money. On December 28th, silver hit an all-time high of $83.90 per ounce. The next day, it crashed 10%. Covered a little bit yesterday. It was an important number to watch out for there as well. But here's what they don't want you to know. This was not an accident. This wasn't retail investors panicking. This was engineered. And if you don't understand how they did it, you're going to lose money the next time they do it. But if you understand the pattern and more importantly what is coming next, you're positioned for potentially the biggest opportunity in the precious metals market in decades. So, in the next 20, 30 minutes, I'm going to show you exactly who crashed the market, how they did it, why this is the third time they've pulled this exact move at major peaks, and most importantly, what the real plan is that's unfolding right now that could send silver to $100 or beyond. My name is Felix Pin. I'm an ex-investment bank. That's Winston back there who does all the silver research around here. And we've spent years watching these markets unfold from the inside. I've also got a mentor who's a retired market maker for the London Metal Exchange. A market maker. Basically, the stock market or the metals exchanges are a casino. Right now, the house always wins. Who's the house? It's the market makers. And I've actually asked him what he thinks this means and what's happening next. And he's recorded a little video for me and I'm going to play that for you at the end of this video. So, stick around. The guy is called Elliot. He's an amazing guy. He's a good friend of mine. He's also the head coach of our Goat Academy. Just one of the smartest minds I know. So, we're going to give you some real insight here because right now what's happening in the silver market is literally just one of the most blatant examples I've seen of, well, the little guy getting squeezed out right before the big move. And what you're going to learn in this video is the following. The three times in history they've done this exact manipulation. How the CME margin hikes are used as a weapon to crash prices. And the incredible unstoppable demand for silver versus the shrinking supply and then some specific investment strategies, especially if you're a US retail investor, anywhere else in the world you should still be able to take advantage of it, um, that we might want to implement right now. If you're watching this and you you think, well, but silver's recovered, but just look at the little stock chart here. This is the silver ETF, not the physical stuff, but it tracks the price and you have that gap down there, engineered. You get a gap back up which looks rather good. But there is one line in here and I want to just make sure you are aware of that too. This gives you a pretty good insight into where institutions are going to sell. So this is called trademission.io. It's a platform that I built, um, with my co-founder to give you guys access to the same data institutions have access to. And there's a little line in here called resistance. The indicator is called support and resistance. And that line tells you where the big boys, the market makers are likely to sell. So at $70, they're likely to sell. Well, what happened the last three days? Well, each time we broke through $70, those buggers started selling. So, it's pretty useful insight into what's actually happening in the market. So, watch out for the $70 mark there. Um, that could get tough again. But, let me walk you through exactly what happened because the details really matter.

So, the rally started around $30 per ounce, right? In earlier in the year. By December 26th, it blew past $75. December 28th, it hits an all-time high of $83.90. That is a 163% gain. This wasn't a random pump, right? This was a real sustained rally by real fundamental factors driving it. We're going to get into those in a second. The crash that followed within a few hours, silver plummets more than 10, about 10%. Wiped out weeks of gains. How? Well, it caught leverage traders, traders using margin and leverage off guard, triggered a massive wave of forced liquidations. Now, if you're watching this, you're thinking, "Well, Felix, that's just what the market does, right? Prices go up, prices come down." Well, you'd be wrong on this one, I think, because there was a very specific catalyst that triggered this crash. The catalyst was the CME Group, the Chicago Mercantile Exchange. They run something called Comex, which is the world's largest silver futures market. Now, if you're thinking I only buy the physical stuff, well, the prices of the physical stuff are largely driven by the futures market. And on December 29th, right as silver was peaking, they did something rather interesting, would be a polite way of describing it. They raised margin requirements. Now, let me explain what that means. In futures trading, when you trade a futures contract, you don't pay the full price of the silver. You basically put down a deposit, and that's called margin. Think of it like a security deposit to cover potential losses. Now, let's say futures normally require $20,000 in your account. That contract might allow you to control about $400,000 worth of silver. So you're controlling $400,000 worth of silver with just $20,000. That's leverage, right? So what happens when CME raises margins? Suddenly they said, suddenly they said you needed not $20,000 but you needed $25,000. Doesn't sound like a huge difference, but if you don't have that extra $5,000 in your account immediately, you get a margin call. So you have two choices. Put in more cash or you close your position. Now, most traders don't necessarily have the cash sitting around, so they are forced to sell, forced liquidations, especially the retail lot, right? So when thousands of traders are forced to sell at the same time, the price crashes. Now, there's something interesting here. The margin increase happened during the finished trading of the year, Christmas to New Year. There's almost no liquidity. Everybody's on holiday. So you get a flash crash. This is actually how you arrange it. Now, the CME, of course, says this is about risk management and volatility concerns. But here's my question. If volatility was the concern, why didn't they raise margin when we were at like $70 or something? Why exactly at the all-time high of $84 during the lowest liquidity trading period of the year? And that brings us back to the pattern because this isn't the first time this happens. But before we go into the history, let's talk about who benefits from this crash and who loses.

Who are the losers? Retail traders using leverage. Don't do it, children. And small institutional players and anybody who bought the top, right? They were on the wrong side of this trade because they don't really understand the manipulation. Sorry, the the what was it about protecting the market or something, right? Who are the winners? Well, the commercial shorts. So the big banks who were short silver, the COT data from December 20th, just a week before, it comes out only once a week, showed massive commercial short positions, over 100 million ounces equivalent short. So those are the big banks, the primary dealers, institutional players. And when silver was at $80, those guys were underwater. They were losing money. They were crying. Now, when it crashed to $73, they made about a billion dollars back in just that move. You see what's going on though? Can you read between the lines?

Now, before we get into the real details here, we've just started publishing a newsletter on gold and silver. Um, it's an email that comes out. You can choose a daily one or a weekly one. The weekly is more like a PDF that walks you through the meat of it. The daily one is just to keep you up to date. It's completely free. Costs you absolutely nothing at all. Here's the link on the screen. Felixpens.org/s. So, register for that if you are interested in gold and silver. It is 100% free and it's just good insight. But let's go back to the story. If this was a one-time thing, you could say, "Oh, it was just just a random freak incident." But this is the third time they've run this exact playbook at major silver peaks. In 1980, the exchange changed its rules and silver went from $50 down to just $10. In 2011, silver hit $49 and they increased those margin requirements five times in two weeks and forced a 48% crash. The first one was like an 80% crash. And then 2025, silver hits $84. We get two margin hikes in just two weeks. And we got a 10% crash so far. So three times, three major peaks, three interventions, same playbook, right? So is this is is this not the scheme? Well, what happened? Actually, understanding the history, I think, is very helpful. And let me just walk you through it briefly. In 1980, we had the most legendary silver manipulation ever. And it involved two Texas oil billionaires, Nelson Bunker Hunt and William Herbert Hunt. The names are marvelous, aren't they? They're called the Hunt brothers. And they believed silver was massively undervalued. So they started systematically buying physical silver, hundreds of millions of ounces. They also used futures contracts to amplify their buying pressure. Essentially, they were trying to corner the market. So silver went from below $10 to over $50 at the top. The London spot market even hit $54. That would be the today's price is about $200 per pound, by the way, if you take inflation into account. So, this is a crazy price, right? And it was an unprecedented squeeze that they created. Now, the establishment saw what was happening and they responded with overwhelming force. The COMEX exchange, the same friends we have today, um, enacted Silver Rule 7. This rule restricted trading to liquidation only, meaning you could only close positions, not open new ones. They raised margin requirements to 50%. Basically, they eliminated leverage for all new positions. At the same time, the Fed sharply raised interest rates, making it impossibly expensive to finance your leveraged positions. So, the Hunts got a massive margin call. They couldn't meet it. They're forced to liquidate and silver collapsed from $50 back down to $10. It was known as Silver Tuesday, sorry, Silver Thursday even. And the

Hunts lost their fortunes. So the parallel is, we had a powerful rally, the exchanges change the rules, you get a forced liquidation, you get a crash. Today, you have a powerful rally, the exchange raises margins, you get a forced liquidation, you get a crash. Same playbook 45 years later. Similar situation, 2011. So let's go back to right now. You know, of course, the question you have is, is this going to end the same way? Are we going to get a massive crash? And the answer is, the fundamentals are very different today.

In the 1980s, we had the Hunt brothers. It was one group trying to corner the market, and it was just speculation, right? In 2011, it was the post-financial crisis speculation, fear-driven buying after the 2008, you know, wobble. Uh, now, 2025, we have structural industrial demand. That is not speculation. This is not one group trying to corner the market. This is a genuine, severe, multi-year supply deficit driven by, well, I say, inelastic industrial demand. Inelastic is a strange economics term. Sorry about that. Um, basically, it says that the demand doesn't change even if you increase prices. Why is that? Because the physical market is in desperate need of metals. The fundamentals, in my opinion, have never been stronger for silver. And yes, the margin hikes can suppress the paper prices for a while. They can shake out some leveraged traders, but they can't create more physical silver. They can't change the fact that the world needs more silver than is being mined.

And that brings us to the heart of this, the unstoppable industrial demand. Now, we should thank Winston here because he did all the research. You can see he's exhausted from the endeavors. And as we do that, make sure you sign up for the free newsletter. Literally no credit card required, nothing at all. Just put a pop in your email, and you'll get it for free. Just a little bit of joy and information and and education we're spreading into 2026.

Now, silver is quite unique. It's a monetary metal like gold, but it's also the most critical industrial metal on the planet. And that's what's creating this perfect storm here. In my humble opinion, silver has the highest electrical conductivity and thermal, so heat conductivity, of any metal. And that makes it so far irreplaceable in the technologies that are driving, you know, our wonderful world. You can't basically build green energy without silver. You can't, um, run the AI revolution without silver. And you can't build an electric vehicle without silver.

So, what are these three sectors? What's the input here? Let's go through them one by one. Solar is actually the biggest, largest industrial consumer of silver right now, and it is growing exponentially. Silver accounts for 29% of all industrial demand. It was only 11% a decade ago. So, you can see the amount there has tripled. Each solar panel uses about 20 grams of silver. It's a silver paste. It's a conductive layer in photo voltaic, whatever they're called, cells. It's essential for converting, apparently, sunlight to electricity. Um, no viable substitute. I'm told technology might solve that down the road, but for now, it has not. And global solar demand is exploding because, well, people want to meet some sort of random climate goal, but they also might just want more electricity because we're going to need a lot more electricity for AI. And according to my research, silver could demand 85 to 90% of all known silver reserves by 2050. Not a typo. 90% of all known reserves could just go into solar panels. Crazy stuff, right? So, one sector could theoretically consume basically all silver available in the next 25 years.

And then you've got EVs. This is why Elon's upset about these high, high silver prices. They're the second massive demand driver. A typical battery vehicle needs about 25 to 50 grams of silver, which is about 70% more than a than a usual, you know, combustion, dirty, lovely engine. Uh, so it's critical for battery management, power electronics, charging, all other stuff. You need silver-heavy components. Now, car manufacturers are not going to just stop production lines for lack of silver, right? So, those guys are just going to pay what they need to pay because they're going to make the car.

So, we've got solar consuming 29% of industrial demand. We've got EV growth accelerating. And then there's the third factor, which nobody really talks about, that is AI. Now, AI is actually a massive physical infrastructure. The buildout is happening right now and is a huge consumer of, you guessed it, silver. Every AI server, every data center requires thousands of high-performance electrical connections. And these connections rely on silver because it conducts better than anything else. And so, this was not a factor in 2011 or in 2020. This is a new demand. It's been added on top of the solar, on top of the EVs. And tech companies are literally in an arms race to build the most compute power, the biggest data centers, and each one is a silver consumer.

Now, here's where it gets really interesting. While the paper market, so the futures market on COMEX silver crashed, the physical market is telling a very different story. Let's talk about the Shanghai premium. The normal premium for physical silver in Shanghai is about $5 to $10 above the COMEX price, which is the Chicago lot, you know, that we love so much because they care about us. Now, not quite sure we get the $35 from here, but it was $8. It was $8, which is which is pretty elevated during the last week. So, what does that mean? Well, physical buyers in Asia are ignoring the paper price and they're paying a massive premium to secure the actual physical metal, and that signals a genuine shortage of physical silver available for delivery. So, the physical market is screaming, "We need metal now." Right? And the paper market is saying, "Everything's fine. Calm down. We're shorting this thing. Let's make it go down."

But the inventories tell a very different story. The Shanghai silver inventory is down 86% from its 2020 levels. The London vaults are also showing drawdowns. COMEX is seeing declining inventory. And at these current levels, these hubs will only hold about 30 days or so of usable silver, which is weird. So, the paper market can always be manipulated, right? Margin hikes and that sort of thing, but the physical market cannot. And right now, there is this growing, unsustainable disconnect between the two. Now, social media is full of people saying, "The physical market is screaming for metal, but the paper game continues." And, and they're actually right, for once. And these disconnects, they can't last. Eventually, the paper price has to reflect the physical reality, or the paper market starts to become irrelevant.

So, we've covered the unstoppable demand. Well, let's talk about supply because this is where the crisis becomes undeniable, in my opinion. The silver market is in its fifth consecutive year of a supply deficit. This means for five straight years, demand has exceeded total supply. The total deficit is about 820 million ounces for 2025, which is the best data I've got. The deficit is rumored to be 230 million ounces. Now, what does that mean? Well, it's the entire annual output of Mexico, one of the world's top silver-producing nations. So, it's a lot of silver. The world produces about 800 to 850 million ounces per year. So, it's about a quarter of that missing. And on top of that, you have recycling, which adds another 200 million. And so, you've got about a billion ounces a year of total silver production. Demand is about 1.2 billion. So, you've got that gap, and it's a big gap.

So, how is the deficit being filled? Inventories are being drained. Exchange vaults are being drawn down, and the strategic stockpiles are being tapped into. But these are finite amounts, right? Eventually, you're going to run out. So, why can't the supply catch up? Well, mine production is actually down from its peak. There's been underinvestment. Silver prices have been low. Why the heck would you want to start a silver mine right now? A new mining project takes 8 to 12 years to bring into production. You can't just flip a switch and say, "I want more silver." And silver, most of it is actually a byproduct of things like copper, zinc, and lead in gold mining. It means silver prices don't automatically trigger more silver production because you'd need higher copper or higher zinc prices to incentivize the mining. So, the math doesn't really work. Demand is accelerating while the supply is stagnant. And that's your textbook definition of a supply squeeze.

And then China just dropped a bomb. They're going to put in export restrictions. So, you have already a global supply deficit. China has just said, "We're not going to sell you any more silver." Now, there are export license requirements for it, but it, it's very, very strict. It's very hard to actually get those. Why does it matter? Because China controls about 60% of the world's refined silver supply. Yeah, 60% just kind of matters, right? So, most of the world's global refined silver comes from or through China. And why are they doing it? Well, they want to preserve their own domestic stockpiles because they are a major industrial consumer. It might also be a political element in that. We're not going to get into that. We're just going to take the information as it's been given to us. But it's pissing people off. Even Elon Musk tweeted, he said, "This is not good. Silver is needed in many industrial processes, certainly in all of his." But it tells you something. The guy makes EVs, he makes solar panels, he makes AI chips, and he's warning about silver supply. You know, this actually matters.

Now, let me give you one more piece of context that kind of ties this all together. The gold to silver ratio. What is it? The ratio measures how many ounces of silver it takes to buy 1 ounce of gold. Now, if gold is, you know, whatever it is, say gold is $4,400 an ounce and silver is $75, then your ratio is about, about this, 58 right now. Right? Now, there is something funny about this, and that is that there is an actual natural occurrence of how much silver there is for every ounce of gold in the earth, like in the earth's crust. It's about 17, 1.5 ounces of silver for 1 ounce of gold. And a lot of historical monetary systems that used gold and silver, they had that ratio, that 15 to 1, 16 to 1 kind of ratio. So, what does this tell us? Well, it tells us that the ratio's compressed a lot over the last years. In 2020, we were up at 125. Silver is really, really cheap, extremely cheap, right? Relative to gold. 58 shows that silver has been catching up, but it also shows that there is more room to run. Why? There is a rule. There's a rule that's called the, I'm going to make a bit of a mess of this chart here. It's the 80/50 rule. So, when you're above 80, silver is undervalued, massive buy signal. When it's below 50, there's this ratio. Um, silver's expensive, and basically, you sell. So, here you buy at 50, you sell. Now, we're at 58. So, there is still a fair room to grow. But another way of looking at this is if we go back to the mean, the average that we've been at in this ratio, and gold stays at the same price of $4,400. This is gold. Then your silver price would need to be $129. I don't think anybody would be very unhappy about that who's watching this video and is into silver, right? So, that's why a lot of Wall Street analysts or silver analysts are basically saying we're still bullish, right? Silver has outperformed gold massively, but there is actually a reason for it. And I hope you understand that a lot better now than you did before.

So, what's the actual plan here for us retail investors? I believe what we're seeing is the last gasps of paper market control over this commodity, and that the physical shortage will take over the actual price controls. And I think the institutions know this, and I think that's why the streaming companies, which I'll explain in a minute, barely dropped during the crash, while the retail-heavy miners got destroyed. So, smart money is accumulating physical silver, shares in companies with fixed-cost access to silver production, while the retail traders using leverage, while they got shaken out, and that was the point of it. But the fundamentals didn't change.

So, what happens next? I think we're going to see a lot more volatility in the paper market. Prices are going to be pretty bonkers because they're going to try and suppress the prices. You're going to see a bigger gap in the premiums, especially in Asia. The Chinese prices are going to decouple because of the export restrictions. And, but eventually, the break higher can't be contained just because of the physical demand. I'm going to show you my market maker perspective in a in a second from one of my mentors. Um, he's going to explain to you how these games kind of work from the inside and, and, and, and a few words of, of advice there. But what can you actually do about this? Like, can you, can you profit from this? Right? You understand the demand, you understand the manipulation, you understand the fundamentals. So, how do you position yourself?

Now, the following is not financial advice. It's not a recommendation. These are just some thoughts of what you could do if you wanted to get access to more silver exposure, but you're going to have to deal with your own risk management and your exit rules and all these kind of things. Uh, because I don't give financial advice, right? I'm in no way, uh, licensed or qualified to do that. I'm just going to give you my opinion. That's the end of it. Hopefully, the beginning of your research, and you want to dive a little deeper, get your hands on the free newsletter that's down below.

So, if this thesis is correct and physical silver will be priced above paper, and physical prices will determine paper prices, you're going to want to own physical stuff, right? So, if you want to own silver, I'd say you want to put most of your money, if not all of your money, into physical silver. And you could, of course, put gold into the same category. Yeah, you could, you could do some sort of split, right? 50/50, 60/40, whatever, whatever fits you. As traditionally, it's 75% gold, 25% silver, right? I still think silver, the short term, is going to do a little bit better. In the long run, I think gold will also do incredibly well. It's my, my humble, uh, opinion.

How do you buy it? Go to big dealers. Um, the APEX guys, JM Bullion, SD Bullion. Focus on government-issued coins and bars. Think the American Silver Eagle, the Canadian Maple Leafs, that kind of stuff because those are more liquid. Now, if you have a bit more money, think about bars because larger amounts will give you lower premiums. Storage is an issue, of course, with this stuff. Either you have some secure home storage, or you are in a reputable vault. Don't put it in a bank box. I don't trust the banks. The vault guys, I think, are okay. And if you're storing it at home, don't put it on social media. Don't tell people about it, obviously.

Right now, I touched on streaming companies, and a lot of people obviously don't know what that is. Um, these are companies like, and I give you a few tickers here, WPM, FNV, RGLD. That's sort of the smart money play. Um, so what are these streaming companies? They're not miners. They provide upfront money to mining companies in exchange for the right to buy a percentage of future production at a, at a low price. Sort of a, a metal royalties play. And, um, if you've been following me for a while, we were certainly in WPM earlier this year. Uh, I think we might even have been in Royal Gold. I can't remember. Um, but we were making money out of these guys for mostly for the, for the gold market. And in very volatile markets, they can be superior because they're less volatile because they've got fixed costs, right? Whereas your mining guys, the actual physical miners are going to be a lot more volatile. So, they're typically very, very profitable. And the other beautiful thing is that, well, their management can't mess up the drilling program or something. It's a little bit less risk, a little bit more diversification. You can buy these in a regular brokerage account. So, there is one thing there.

Now, strategy three are miners. I think a lot of people again don't really understand these. Let me give you a couple of tickers to look into. NEM would be one. Uh, BGI would be one. AG would be another one. So, that's the, are traditional miners. Now, always stick with the tier one, the low-cost producers, which is why I'm mentioning these. NEM is Newmont. They're the world's largest gold miner. Barrick Gold's a major global producer. Agnico Eagle. Again, these are quality operators, and they all have costs for silver of about $15 per ounce. So, they can be profitable even if the metal prices pull back further. They have strong balance sheets. They have good management. They pay dividends. Avoid the high-cost miners that are barely profitable. So, the, the little miners with a single project that's super risky, you don't want to be in now. So, if it's being talked about on Reddit, um, you probably want to stay the heck away from it.

And then a little bit of dry powder to buy the engineered dips to make sure we can take advantage of that risk. Look, they can, they can hammer the paper markets for a while. Uh, we could get a global recession. Anything is possible. Uh, China could start flooding the market. Seems unlikely, given that they are a huge user of silver themselves. Uh, so yes, I think be prepared for the roller coaster. It won't be a straight path up. I'm not saying that in any way, shape, or form. Um, so what do you do? Educate yourself. Grab yourself our free newsletter. Make calm, collective decisions. Make a plan for the next year or five years or 10 years, not just for this week, and make sure you've got some good risk rules there. If you want to get into silver, you want to get further into silver, um, join the free newsletter. Um, we're going to give you some real gold nuggets there every day, as well as a real deep dive every week, and, and it's free. So, felix/s.

For 5,000 years, every major civilization on Earth agreed on the same thing. Egyptians, Romans, Chinese dynasties, the Ottoman Empire, the British Empire, all of them across different continents, different languages, different gods, they all landed on the same answer: Gold. Gold is money. Then about 50 years ago, a handful of governments got together and said, "Nah, we've got a better idea. Trust us, this paper stuff here is money now." And here's the thing, that paper experiment, it's starting to fail. And the people who don't understand why gold matters are going to be the ones left wondering what happened to their savings, their purchasing power, and their retirement. So today, I'm going to make sure that's not you. My name is Felix Prin. I'm an ex-investment banker and an economist. And today, we're going to dive deep on gold. I don't mean should you buy gold? Like everybody talks about that all day long. But what is gold really? Why did every civilization choose it? And what does it tell us about the money in your pocket right now? So here's what we're covering here. Three parts. One, what gold actually is and why it is not an investment the way you think it is. Two, what happened in 1971 and why your dollar has lost over 90% of its value since. And then, guess what central banks are doing right now with gold and what that means for you and your portfolio. If that sounds good, let's get into it.

But first, I put together a about a 20 or 30 page gold research report for you. It covers everything in this video, plus the data, the charts, the historical timeline, allocation frameworks, all of it to really get you up to an investment banking framework of understanding gold. And it's free. There's no catch. There's a link in the description below. You just join our free community. There are well over 30,000 people in there, and you just read it, grab it, right? Links down below in the description.

Now, what is gold really? So, my mentor years ago told me something that kind of rewired how I think about money. And he said something like, "Felix, follow what can't be printed." That was it. Five words. Follow what can't be printed. And once you hear that, you actually can't unhear it. It changes how you look at everything: stocks, real estate, Bitcoin, and especially gold. Because here's the question everybody asks: Out of every element on the periodic table, you remember that in school, that horrible table you had to remember? There are 118 elements. Why did humanity pick gold? Was it random? Was it just pretty? It's shiny? No. It turns out, no. It turns out gold is almost engineered to be money. And let me show you first. It does not corrode. Gold doesn't rust. It doesn't tarnish. It doesn't react with air or water. You can literally pull a gold coin out of a shipwreck after 400 years on the ocean floor, and it looks basically the same. Try that with iron. Try that with copper, right? They fall apart. They disintegrate.

And second, it is divisible. Is that how you say that? Obviously, I have trouble spelling it. But what it means is you can melt it, you can cut it, you can shape it into coins, bars, tiny flakes. It doesn't lose its property. Every piece is as pure as the whole one. And then third, it is, and here's another word we don't use very often, malleable. What does that mean? Well, 1 ounce of gold can be hammered into a sheet that'll cover like a 100 square feet. You can make it into wire thinner than a human hair. It's workable. And then fourth, and this is really the the key one here, it is actually scarce. It can't be created. It can't be synthesized like diamonds. It can't be printed. You have to dig it out of the ground. And there is only so much of it.

Now, here's the number that blows people's minds. Are you ready for this? If you're ready for this, put a "ready" in the comments down below. All the gold ever mined in human history, all of it going back thousands of years, every pharaoh's tombs, every central bank vault, every wedding ring, every Olympic medal. I don't think they're fully gold anymore, by the way. If you melted it all down into one big cube, it would fit in, it would fit inside three and a half Olympic swimming pools. That's it. Just three and a half Olympic swimming pools, which isn't really all that much, is it? Eight billion people. And we have three and a half Olympic pools of gold in the world. That surprises you? Put an "I'm surprised" in the comments down below because I want to make sure that lands for you. But this is important. You need to understand a distinction that most people, even most financial people, get wrong. Gold is not an investment.

And why is it not an investment? The gold people are going nuts right now. Give me a second. An investment is something that generates cash flow. A rental property generates rent. A stock generates earnings. A bond pays interest. Gold just sits there. It doesn't do anything. Doesn't pay you a dividend. It doesn't grow revenue. So what is it? Gold is one thing. Gold is money. It is a store of value. It's a measuring stick. It's the thing that reveals whether your other money, the paper stuff, the digital stuff, your real estate, whether it's actually holding its value or not. And here is a, here's a thought: that a Roman soldier, a centurion, sort of a senior-ish soldier, 2,000 years ago, he earned about 1 ounce of gold per month. That was a pretty good salary back then. I mean, he was out there killing people, he had to get paid. He was a professional soldier. He was a middle-class soldier. Now, one ounce of gold in Rome would buy you a quality toga, a a leather belt, and a pair of sandals. Essentially, a very high-quality nice outfit, like a, like a quality suit today. Right now, fast forward 2,000 years, and an ounce of gold today is what is it? $4,000 and something right now, right? Good, give or take. Uh, what does, what does it say here? At the, I'm recording this, it's about $4,700, obviously, this is going to change. This is a, a gold and metals, um, news and data service that we have, which something you're super happy to, to, to join if you wish. There's a link down below. It's about $6 a week. If you don't like it, you can cancel it anytime. And one of the things we look at, for example, is like, what are all the central banks in the world doing, right? And we'll maybe touch upon that a little bit here. You can see, you know, the Germans were selling some, for example, or, you know, Turkey, big, big sell-off there, and so on. And that's quite useful. But let's get back to the story. If you think about what does $4,000 buy you today? It buys you a good suit, right? Maybe from a nice brand or a tailor, and then a nice pair of high-quality shoes and a nice pair of a nice, nice belt and maybe a shirt and, and a tie with it, and you're pretty much there. Now, can you get it cheaper? Yes, of course you can. But you could also in Roman times. But the centurion had a standard, right? So, literally 2,000 years ago, an ounce of gold buys pretty much the same thing. Gold didn't go up. It didn't perform well. Gold actually stayed the same. It's the dollar that moved. It's the paper lost value. Gold is just sitting there being gold, doing what it's done for 5,000 years, telling you the truth about your currency, what it's actually worth. If that clicks for you, put that in the comments down below. You know, write "clicks" or or "soldier" in the comments down below because gold is money. It is not an investment.

All right. So, gold is money, real money, the kind that worked for literally 5,000 years. So, what the heck happened? How did we end up with, you know, this stuff here, the piece of papers, sometimes cotton, sometimes plastic, whatever, with a bit of ink on it? How did this become money? Well, let me walk you through it because the history is actually wild and insanely important to understand so you can make better decisions today. And I promise by the end of this section, you're going to look at every dollar in your wallet or in your bank account very, very differently.

So, before 1971, the US dollar wasn't a piece of paper. It was a receipt. Literally, if you had a dollar, you had a claim on gold. You could walk into a bank and say, "I'd like my gold, please." And they'd give it to you. The dollar was backed by hard, physical gold. The money was gold. The gold is just sort of heavy to carry around, and cutting it into pieces was annoying. So, we had paper, more convenient. Right now, this system got formalized after World War II. 1944, Bretton Woods, New Hampshire. I haven't been, I've been to New Hampshire, which is lovely, but not to Bretton Woods. Anyway, 44 countries got together and said, "All right, the US has most of the world's gold." Because the US was actually the major beneficiary of the war. So, the US dollar will be pegged to gold. And they said $35 is 1 ounce of gold. Would you wish you would have gold at the price of $35 right now? Right, put "35" in the comments down below. And every other currency is going to be pegged, as in linked, to the dollar. So, the gold, the dollar was as good as gold. That's where that phrase comes from. And every other currency was as good as the dollar. So, the whole global financial system was anchored to this one physical thing that couldn't be printed, couldn't be faked, it couldn't be inflated away. I had wealth for a while. 50s, early 60s, we had stability, growth. The American middle class was built during that period, and the gold standard was the foundation.

And then the 60s happened. Vietnam, the war was expensive, very expensive. The Great Society programs kicked in, also very expensive. And the US government was spending more than it had, a lot more. And here's the problem with a gold standard. You can't print your way out of it. If you're spending more than you, if you're spending more, you need more dollars. If you need more dollars, you need more gold. And there wasn't more gold. So, other countries started to notice. And one country in particular called the bluff. France, Charles, the French president, essentially said, "We don't trust that you have enough gold to back up all these dollars you're printing. We want our gold. Ship it over." And France literally sent a warship, a warship to New York to collect their gold from the Federal Reserve vault. That's not a metaphor. They literally sent a navy vessel to pick up gold bars, and other countries started lining up. Britain, others, everybody wanted their gold. So, it was a run on the bank of banks, except the bank was the United States of America.

So, on August 15th, 1971, Richard Nixon went on television and interrupted Bonanza. That must have been a shock for Americans. And he said, "We are temporarily suspending the convertibility of the dollar into gold." 54 years ago. Still temporary, apparently. So, in one speech on a Sunday night, while interrupting a cowboy show, the link between the dollar and gold was severed forever after. The anchor was cut. And from that point forward, the dollar wasn't backed by gold. It was backed by silver? Nope. Backed by anything? Not really. It's backed by a promise, a signature, really, a government's promise. And that's what we call fiat currency. Fiat, um, cheap Italian car, but it's actually Latin, Latin, but it's actually Latin for "let it be." You know, like John Lennon. The money has value because the government says it has value. That's it. That's the whole thing. Fiat currency. Trust us, it's worth something.

And maybe you're saying, "Look, I, I get it, but it works, doesn't it? I mean, I buy stuff with dollars every day. What's the freaking problem here? Why are you drilling on about this?" Well, the problem isn't that it doesn't work. The problem is what it does to you over time. And that's section three. So, let's make this make this visual for you. 1971. A dollar was essentially gold. Now, gold is limited in supply. Tell me what you think of my handwriting. You can't print unlimited dollars. So, what does it mean? It means stable prices because there are only so many dollars, and therefore, we don't really get inflation. Gold is scarce. Scarcity limits printing. Limited printing means your prices don't go nuts. Your savings hold their value. Your paycheck buys roughly the same stuff year after year.

And then we get after 1971. Dollar is now basically backed by nothing. Nothing than a promise. Some say by the might of the American military and all that. Yeah, but that's just to make you feel better, right? There is no limit on how many dollars you can print. So, what do governments do? Governments print whenever they feel like it, right? All the time. 2000, 2001, 2008, COVID, every time they, there is something a bit wrong in the world, they say, "I just print money. It'll fix anything. Everybody get more dollars. Everybody be happy. Everybody will love me." What happens? Prices go up and up and up and up, right? And that is what we call inflation. They go up forever. That's the whole story. Everything else, the inflation debate, the national debt, the cost of living, all that stuff flows from this one change. You cut the anchor, and the ship drifts. And we've been drifting for 50 odd years.

So, let me show you what that actually looks like in real numbers. Here's a chart from the Fed. In 1981, there were about 860 billion, right? And then, and they've discontinued this this measure, by the way, because it gets embarrassing. But in 2021, we had 22,000. Yeah. So, we went up like 30 times. And then the new measure still shows us at about that level. It makes me wonder why they discontinued the old one. Probably because it keeps, keeps going up and up and, and yes, this crazy increase here, this sort of hockey stick thing, that was COVID. The US government printed 40% of all the dollars in existence in just 18 months. 40% of all the dollars. The dollar's been around for like 100 plus years. And in just 18 months, 40% of all the dollars that are around right now, they're printed in 18 months, right?

So, what does that do to the value of the thing? A 1971 dollar is today worth how much? How much do you think it's worth? Go on, put it in the chats down below. I'll give you one, two, three seconds to do that. $1. So, that was a hundred cents, right? Then today, that same dollar is worth about seven cents. It's a demolition of the value of the dollar. Think about what that means for your parents, your grandparents. Somebody who saved diligently in the 70s, they put that money in the bank, and they did, you know, the right thing. That money has lost 93% of its purchasing power. 93% down. It's not because they did anything wrong. It's because the rules changed, and they didn't realize it.

Now, maybe you still think this doesn't affect you. But when the government prints money, whether it's to pay for walls, stimulus checks, bank bailouts, you know, uh, whatever. Obviously, the bank bailouts are required. You know, I had some friends who worked at Lehman Brothers, they, um, were pretty hit, hit pretty hard. I mean, some of them, uh, delayed the purchase of a, of a new Ferrari, right? So, you know, they deserve the bailout money. Um, but that new money, in all seriousness, what does it do? It dilutes the value of the money you have. It's the same as if a company issued a billion new shares of stock. Now, you still have shares that don't disappear, but they're just worth less because they're more numerous. Inflation is not prices going up. Inflation is your money going down. And that creates one of the biggest, quietest wealth transfers in history. From whom? The money goes from savers to who? Borrowers. And that's an odd concept. Literally, the money goes from the responsible people to the people who are borrowing money. It also goes from people who are holding cash to people who have assets. So, it goes essentially from the working class to the asset-owning class. So, if you own a house, gold, stocks, inflation will lift your net worth. You will look more wealthy. But if you're saving in cash, if you're working for a wage, inflation eats you alive. And maybe you've noticed that, right? If you noticed that, put it down below in the comments. Does it slowly, very quietly, every single year? And none of that was possible when money was actually gold.

Right now, let me show you what's happening right now that almost nobody's talking about. Because here is where it gets, uh, puzzling and maybe a little hypocritical. For decades, decades, central bankers, finance ministers, treasury officials, they called gold a "barbarous relic." Literally, that's a quote, by the way. It goes back to Keynes, lunatic, lefty, economist. Um, we had to study that nonsense. And they said gold is outdated. Gold is a, a pet rock. Gold has no place in the modern financial system where we have to bail out the bankers every decade. No. What they're doing right now, this year, central banks around the world, actually last year, central banks around the world put about, let me pull up the exact data for you. I go into my market intel thing here. Um, where you can see what institutions are doing with gold and silver every single week. Um, and, and, and the COMEX inventories and all that kind of stuff, which is an interesting, frightful chart. But what you can also see is central banks in 2025 bought over a thousand tons of gold, which is pretty crazy, and we've seen that accelerate 2022 to 2023 to 2024 to 2025, record purchase after purchase. So, who's buying it? Poland, China, Brazil, Turkey, India, Kazakhstan, everybody, especially the emerging markets. Why are they doing it? Three reasons.

Reason number one: De-dollarization. These countries are reducing their dependence on the US dollar. Just like '71, they don't trust the dollar as much. And why? Because gold doesn't have a foreign policy. Gold isn't going to invade you. Gold can't be printed by someone else to pay their, you know, war bills.

Second reason: Sanctions risk. And this is huge. After Russia invaded Ukraine in 2022, the US and Western allies froze about $300 billion dollars of Russia's foreign reserves that were held mostly in US dollars. Right? So, if you're Russia, you're like, "That's not good." Now, what if you're any other country in the world? You're like, "Well, they did it to Russia. They could do it to me if I do something that they don't like." You know, if I decide to become a despot and invade somebody, which, you know, some of these countries might have aspirations towards. So, if you're these countries and you hold all your money in, all your reserves, all your savings essentially in dollars, what are you going to do? You're like, "How about we just buy gold and store it in the basement?" That way, they can't get to it. They can't sanction it. They can't freeze it. And they can't click a button and make it disappear.

And then the third reason is debt. Central bankers can read a chart. They can see that the US has, you know, close to $40 trillion in debt, a trillion every 100 days as being added. And they're looking at that and they're going, and they're not doing this publicly, obviously, not in press conferences. They don't want to, you know, piss off the great big American bear. But, um, in the allocation decisions, they're basically hedging. And if they're saying, "Maybe we should just hold a little more of the thing that's worked for the last 5,000 years, just in case the 50-year experiment gets, you know, rocky."

And for those of you who've been in the gold for a little while, you know, we've had a really beautiful ride, right? We made a lot of money on gold. Year on year, as I'm recording this, we're up about 65%. And the physical stuff is getting scarcer. You can see that the COMEX levels here have come down very significantly of how much gold they actually hold in the last 12 months. Similar story for silver. But when you zoom out and you think about when was the last time central banks and Wall Street banks were this aligned on the same trade? Think about central banks are buying gold, hundreds and hundreds of tons. Investment banks are raising the price targets for gold to, you know, $5,000, $6,000, and retail demand is climbing. So, everybody agrees: the People's Bank of China, JP Morgan Chase, the Fed, the Poles, you know, everybody, which is kind of curious and possibly a bull case scenario.

Now, I'm not a financial advisor. I'm not telling you what to do. I just want to make sure you really understand what's going on here with gold so you have the full picture. Um, before you run out and put all your money into it, which I don't encourage you to do in any way, shape, or form, let me give you the risks and the opportunities here because you wanted to understand both so you can be honest with yourself.

Now, before we do that, you might have gotten this far. You might be like, "Okay, but I need to know like, when do I buy this?" Right? Was it a buy now? Is it a sell now? Right? And if that's you, um, I've got something for you, too, which is a 15-minute master class you can watch at felix.org/getfree, /getfree, which will literally tell you Wall Street's framework for deciding when they buy and why. It's very simple. So, it's three steps. You can learn it in 15 minutes. felix.org/getfree. It's completely free. Part of our mission here to make more people financially independent.

So, what are the risks? Well, if you hold cash because you're waiting for, I don't know, some sort of nana off the stock market and you think, "Well, the cash is safe, right? It's safe. It's safe. Yes. Yes. Yes. Yes. Yes." In the short term, you're right. But in the long term, your cash is a guaranteed loser. Remember that $971, it's worth seven cents today. So, if you've got lots of money sitting in a savings account that's getting you 1, 2, 3% maybe interest, inflation is running at a much, much higher. So, you're losing purchasing power every single year. It's a slow bleed, and you don't feel it day-to-day, which is the dangerous part, but you'll feel it when you try to buy a house in five or 10 years. You will feel it when you retire and the numbers don't quite add up, right? Cash is not safe. Cash is a slow, guaranteed bleed, and the longer you sit in it, the more it's going to cost you.

The second risk is ignoring the macro shift. Right? The world is changing. We've got de-dollarization. Dollar reserves have dropped significantly. There's a lot going on in the whole world here. And, you know, we, we, we track a lot of the stuff that's going on, like what's going on in the Middle East right now or, you know, whatever. And, um, as long as it's related back to, you know, gold and silver prices and so on, we, we put it in here. You can literally see everything: energy, infrastructure, you know, tropical storms, central bank buying and selling, and all that kind of stuff. Even, uh, even earthquakes because they're important if they happen, you know, near, near, um, important mines, for example. But a big part of the world, the BRICS countries are looking at creating a non-dollar world. It's not a conspiracy theory. It's actually data from the IMF and the World Gold Council and, you know, the Bank for International Settlements and, and all these other lovely organizations that have your best interest at heart. Trust me. Um, now, you don't have to believe the dollar is going to collapse. I don't think it is. Not tomorrow, not next year. But if you are not even aware of this slow shift, just like the cash in your savings account, it's gradually losing its importance and its status.

But there is a third risk here, and that's buying gold the wrong way. Not all gold is the same. There's physical gold, there are ETFs, they're mining stocks, they're future contracts, and they're all different instruments with different risk profiles. So, you need to understand all of those things together. And you wanted me to go into that, let me know that in the comments down below, and we can make a follow-up video of that, of that as well.

But let me walk you through the opportunities, right? Opportunity side, the happy side. Physical gold and gold ETFs. That's sort of your, your foundation. And a lot of people are suggesting 5 to 15% allocation. I'm not telling you what to do. It depends on who you are and, and, and your financial setup generally. But it's sort of a financial insurance policy. Sovereign wealth funds, family offices, you know, they hold somewhere in that range, typically five to 15%. Not 50%, not zero, not 90%. And if you hold that in physical gold, coins, bars, you hold it. Nobody can take it from you. Well, unless they break in, you know, um, but you can, of course, store it in a storage venue, which is what I would recommend if it becomes a serious amount. And that's the downside. You need to insure it. It doesn't generate any income.

Now, they're gold ETFs. There are things like GLD or IAU. They give you gold exposure without having to store it. They're liquid. They're cheap. They track the price. But the downside is you are trusting a financial institution. You don't hold the metal.

And then we have gold mining stocks, right? This is where it gets interesting for people who want potentially more upside and, and, and are happy to, to trade a bit more actively. And that's one of the things we, we track significantly in here in terms of what's going on with the, with the gold miners and so on. There's a, there's a live update here every single day which walks you through that and, and, and runs you through. There's a free newsletter in there as well in the community with a, with a daily brief and so on. And, and a mining company, the beautiful thing with a mining company is this has more risk, by the way, but the way to look at that is it's just a leveraged play on gold.

And then, of course, we have silver. And silver is interesting for the simple reasons that there is very, very little supply of it. Look at the COMEX inventory here. It's absolutely collapsing. And that is because it isn't just a money metal. There's a significant industrial demand for it. Electronics, solar panels, medical devices, all that stuff needs silver. Now, there is something called the gold to silver ratio, like how many ounces of silver it takes to buy an ounce of gold. And

When that ratio is very high, like 80 or 90, it typically means silver is really cheap and then it sort of snaps back. Right now it's sitting at 62. It's about average. So it isn't is neither sort of really overvalued or undervalued historically speaking. But in my humble opinion, the industrial demand is is is is pretty significant. Again, you have to obviously come to your own conclusions there. And one way we see that is the physical silver premiums are significantly above the the paper price.

Now, my hope is that this video has given you a much better and deeper insight into gold. I'm not a gold salesman. We never take sponsorships on this channel from anybody really. Um, yeah, really nobody ever. I got pitched by gold and silver miners every single day to interview the CEOs and that sort of thing. And I'll never do it because I like to be able to give you guys an independent view of of of it. Do I hold some gold and silver? Yes, I do. I should also put that in there as a disclaimer. But I just come back to what we started with 5,000 years. There were only three and a half Olympic size swimming pools of gold. We got 8 billion people and it's run the world for 5,000 years. And I don't think the last 50 years, which are a tiny blip in the space of time, I've already changed that. So while gold isn't a magic solution, I think it is part of the answer. I think it is also a fire alarm. I mean, it goes off. It tells you something about the state of the world and the economy and everything else. The fact that central banks are buying it, fact that the US is adding a trillion dollars in debt every hundred days and that's probably going to accelerate is something that makes me think this is more important than people realize.

And one of my mentors, I I learn everything I I know from my my uh Wall Street mentors and and he said to me, there is a newspaper moment for everything. So he said countries and and the dollar don't decline from one day to the next. They decline the way newspapers did. Newspapers lost readers slowly for years and years and years and even decades. And everyone said, "Oh, it's fine. It's fine. It's fine." And then suddenly one day they were gone. Decline was very gradual. And then suddenly most of the newspapers in the world disappeared. And the only ones around are the ones owned by billionaires because they like the influence it gives them. And I don't think you want to be the person reading about it in the newspaper, assuming newspapers will still exist at the time. You want to be the person who understood it before it was really really obvious because the market is ultimately about time frames. Right? So let me leave you with this. Gold is a 5,000year-old lie detector for governments. Doesn't care about politics. It doesn't care about elections. It doesn't care about press conferences or central banks. It sits there. It's very patient. Tells you the truth. When gold is rising, it's telling you something. It's telling you that somewhere somehow trust in the system is slipping away. And right now, gold is telling you that. You can ignore it or you can understand it.

And if you want to really go deeper, grab the free research report that we put out for you down below in the in the free community. This metal is set to explode. And no, it's not gold. It is not silver. Everyone's arguing about gold being overextended and whether they missed silver, whether it's manipulated with AI as a bubble. And meanwhile, there is something physical that is tightening underneath the market that almost nobody is watching. So, by the end of this video, you'd understand exactly what this metal is, why it's structurally different from any other commodity, and I'll give you my three-step framework for positioning yourself without chasing hype. My name is Felix Pin. I'm an ex investment banker Winston back there, our metals specialist. And we've seen how the market works on the inside. And we've also founded the Goat Academy where my retired Wall Street mentors teach regular investors institutional strategies. We've taught well over 20,000 students in the last six years. I'm also the co-founder of trademission.io where we have access to insane level of data. And our mission here is very simple. Is to spread the institutional knowledge and patterns and rules and pass them on to you so you can have more fun.

So, the metal we're talking about is, drum roll, it is copper. Now, before you run away thinking copper, that's boring. Let me ask you something. What do AI data centers, electric vehicles, every defense system in the world and the entire US power grid have in common? What do you think is behind your light switch? Copper. And they all need a lot of it. Now, most retail investors don't understand this because they think commodities work like tech stocks. Prices go up, supply goes up, problem solved. That's true in software. If you build something cool like ChachiBT came out, right? I actually think it's a fairly evil piece of equipment, but came out and then Claude came out and then rock came out and then hundreds of others of these things sprouted up. But in geology, you can't really do that. You can't download copper from the cloud.

So, let me give you some numbers that should wake you up. JP the Morgan is forecasting crop prices to hit $12,500 this year. Not anytime this year, but by the second quarter of this year. Now, is that therefore definitely going to happen? I don't know. You see, I mean, JP Morgan pretty powerful, pretty good connection to the top, it seems. But no, this isn't financial advice. I'm not a registered financial advisor. I'm just telling you the research and the patterns and the rules that I've been taught by my mentors. There is an organization called the International Copper Study Group. I know, exciting. Get yourself that subscription. You know you want it. And they're saying that the market is going to shift from surplus, as in too much copper, to a deficit, as in we haven't got enough of that stuff. That deficit is going to be 150,000 tons, which seems like a lot. Bloomberg is warning. We're entering a structural deficit. Not a temporary one, a structural one. You see the data center chaps, they are going to build data centers no matter what copper costs because they're like we need this. We need more chatbots. We need more immediate, you know, girls and bikinis dancing generated by AI. That's essential. If you look at the data and we have a copper dashboard in our community there obviously we have some gold and silver and so on but it shows you the demand growing supply growing very very slowly and then if you look at the price history yes it's accelerated but actually maybe not as much as you might think so it explains kind of the whole like thesis of where it's coming from where it's going inventory statuses on comx and in London and they're pretty low and then also how do we invest in out. So, if you want to check that out, there's a there's a link down below. It's like $6 a week or something. We like to make institutional data very very affordable and very available. And we also explain what this actually all means. So, check it out down below if you want to get more into this.

Copper is unique because it has pricing power. Think about it this way. Think think you're going to spend five billion to build a data center. You know, some great big shed with a roof. Um, amazing drawing, right? I should be an artist. What if copper goes up 20%? Are you gonna cancel your five billion dollar data center that you have a contract with Microsoft with? No, you're not. You're just going to pay more for copper. And the same thing is if you're a Tesla and you're building, you know, one of these, again, this is clearly exactly what a Tesla looks like. Um, well, if it cost you an extra $100 in copper, you're still going to build the car, right? And if you're the US military and you know you build these things that is meant to be a rocket rather timely right now, you don't give a hoot what this thing costs. You just want more of them faster. You're going to pay whatever it takes for copper. And that is very unusual. Now, maybe you're thinking, "Okay, interesting thesis, but why isn't the media talking about copper?" Well, if you're wondering now, put a copper down below in the comments because I'd like to see how many of you are starting to connect the dots here because you see gold and silver, they get all the attention. It's very unfair because they are shiny, they are sexy, and people like to panic buy them when the world is ending. Copper is what you need when you're actually building something. And guess what? The world is trying to build everything at once.

And for the last 40 plus years, what have we all been told to buy? We've been told to buy financial assets, right? Stocks, real estate, bonds. And during that time, commodities were starved of money. And this has been going on for so long that as all the money was flowing here and very very little of it was flowing into mining and exploration and paying geologists and that meant very very little mining and exploration happened. In fact, there not even very many geologists being trained because who wants to do a job that doesn't pay any money because apparently we should all invest in in in software, right? And this has created a setup that happens very rarely about every 50 years. Commodity bull markets do not do this. No, commodity bull markets look like that and then they start to break out and then they potentially go parabolic. Very long dormcancy, sudden repricing and then we tend to hold on to this for quite a long period of time. Copper spent most of the last decade hanging around between two and $4 per ounce, sorry, per pound. It's trading just under $6 and it was breaking out above six. And that's because demand is colliding with decades of underinvestment. Now, whenever it does that, people say, "Oh, it's temporary. Don't get involved. It's risky." And all that kind of stuff. And yes, it's risky. I'm telling you that too. The reality is there isn't that much more mining. In fact, there was a fatal mudslide at Grassberg. This is a word you might want to write down. You might want to hear hear a bit more about that in about six months time on mainstream media. That's the second largest copper mine in the world. Shut down 70% of their production until the middle of the year. There is severe flooding in Congo at a mine called Camoa Cakula, which sounds like a great song. Um, Peru is politically a little wobbly. There are challenges at the Chile mines and JP Morgan says that the supply is falling down 1.4% 4% than their previous estimates. Now 1.4% doesn't sound like a lot, but this is half a million tons. Think about how many wires and cables and things that are right now.

Maybe you're thinking, okay, maybe I need to understand these kind of market patterns better. Maybe I need to understand how these markets work better. Well, come and join our metals community there. There also a ton of stock features in there, by the way. stock scanners and and all that kind of good stuff. Say you wanted to look into one of the biggest copper miners out there, FCX. You just type FCX into the search bar here and it tells you very quickly, is this actually a decent business? You margins, return on capital, cash flow, do they have a lot of debt? And it gives you a very quick snapshot. Not the be all end all to your research, but it's certainly a pretty good beginning. Um, and it's that kind of data that we make available to you. But I want to explain to you why go copper is different from our friends gold and silver that most people know more about right now and and let me know if this is useful for you by the way. Put it useful down below in the comments and I understand this is landing then. And so I'm going to give you a three pillar framework. Pillar one is AI the AI infrastructure explosion. Pillar DOSs is the electric vehicle multiplier and then pillar three is the grid rebuild. In each of these alone would be important but together they're creating a trifold bottleneck that the supply literally cannot fix quickly.

So let's talk pillar number one AI specifically AI infrastructure data centers the kind that are housing Nvidia's latest systems they can use up to 50,000 tons of copper per facility. Now a regular data center was like 5,000. So this is a massive 10x increase in demand for copper. and our friends at JP Morgan who always have the the little investor in mind when they put out their data. Uh JP Morgan are saying that data center installations could account for about 500,000 tons of copper demand this year alone. That is a global increase of 5x of copper demand. It's needed for wiring, for the cooling systems, for the transformers, for bringing the power in. Right? Well, if you think that's bullish for tech stocks, wait until you see what that does for the metal that makes the tech possible. We're essentially a step below the tech that we normally talking about here. Then we talk about EVs, and I know they're a little bit less popular right now, but let me show you this. A traditional car uses about 50 pounds. It's about a lump of sugar. I mean, not lump of sugar. Well, maybe in the US, bag of sugar. Of good old copper, an EV car. So, gas guzzler. I should have probably written gas guzzler rather than EV. How much do you think is in there? Give it a guess. 180. That's like 3 to 4x what is usually in a car. And then, of course, you have the charging infrastructure. charging infrastructure is thought to require about an additional 1 million tons of copper by 2040. And if you were to replace every ICE vehicle with an EV vehicle, according to the University of Michigan, that would need more copper than has ever been extracted from the ground in human history. But I'm sure it'll be just fine. and I'm sure there won't be a deficit. How many of you are driving an EV or own an EV, a Tesla or something? Put EV in the comments down below. Let's see it. Let's see your vote there. And then pillar number three, we have the grid. And it's not sexy as nobody talks about it. But the grid is uh it's sort of showing its age. It needs a facelift. 31% of infrastructure is near or past its lifespan. So, we're just going to say it's old. that needs to be replaced. 46% of the distribution infrastructure is the same. Needs to be replaced. The US of A needs to build 5,000 miles, if I could spell miles of this. What are those? Well, add one of these underneath it and you get the idea, right? Transmission lines. I know artists in residance uh and that literally will require hundreds of thousands of additional tons of copper per year. So global copper demand for power generation and transmission lines is going to go to the roof. Pardon my French. Where did that come from? Winston going swear on this channel. The US of A produces 870,000 tons a year from mines. It produces about another 850,000 tons a year from recycling. Can anybody add that together? What is that? 1.72 million tons. That is production. How much do you think the US needs? The US needs 2.5 million tons per year. And that is what is a deficit. And that likely means copper prices go up. It's a 30% supply gap. Now, most people will think, "Oh, it's fine. Someone's just going to open another mine, aren't they? Just going to dig it out of the ground." Well, copper is fundamentally different from other investments. Mining doesn't work like software or data centers. You can't just scale up copper production because copper prices have gone up. It is going to typically take 17 to 18 years to bring a copper mine online. Crazy, right? Now, maybe you thought that was crazy, but that is in the world. Now, in the US, things are a little bit crazier. In the US, it typically takes 29 years to bring a copper mine online. So, 29 years to open one new mine. Um, so if you opened a mine today, it would impact supply until when would it impact supply? Sometime in the 2040s, right? Why? It's discovery. It's permitting. It's infrastructure. Environmental approvals. You know, every frog and toad and bird and insect is going to going to complain about it. You need financing. You need construction. And people know this. So, people don't want to finance it because it just seems like a loony bin of investments, right? The other problem is that when you dig out a great big rock, so this is this is a rock, special rock. I am a rock. Now, how much copper is in that? Well, they're little bits. There's a bit here, there's a bit there, there's a little bit here, there's a little bit there. New rocks getting out of the ground, they have less copper in them or copper of poorer quality. So, new discoveries are rarer. They're also lower underground and there's less copper in them. Gold and silver investing is generally speaking fear. Copper investing and copper demand is when the world is building stuff. Right now, the world is building the biggest change in how we live with AI, robots, data centers, automations, and all of that needs copper. And prices could double. This rock is still the same rock. Still no easier to get it out of the ground.

Now, how does copper pricing really work? Three phases to that in my humble opinion. Phase number one is the the breakout. So, you get this lull. You break out of the lull. That is your breakout. So, you basically move above this very long-term sideways action. Right now, headlines will usually say is a speculative. It's temporary. You know, it's spiked. It's scarily risky now. And then you get phase two which is institutions moving in on this thing. Let me show you a chart here. This is a copper miner ETF. It's called COPX. And what do you see? You see a chart that was doing absolutely bugger all going sideways started breaking out in September. The same time volume spiked which is institutions doing their thing. And from that moment, from that Wall Street rule of pattern recognition, copper is up 72% in the last 129 trading days. Right? Every dip was an opportunity along the way there. By the way, again, I'm not telling you what to buy. I'm just saying. Then the third phase, which is what nobody really understands, is the miners get repriced. Why do the miners get repriced? Miners have fixed costs. Let's say it costs a miner $3 to get a pound of copper out of the ground, right? So, if the price of copper is $4, what do they make? They make $1 profit, right? Now, if the price of copper goes to $6, what happens? They make $3 profit. So their profits have gone up 3x even though the price of copper only went up half an x 50%. You get the idea. So there are is leverage essentially built into miners and their profits double or triple or quadruple. And that's why these copper guys are going nuts. I'm not going to run through every copper miner out there. I've just put in some of the the biggest ones out there. There are others. If you wanted to dive into those deeper, again, put it down below in the comments, just write minus in the comments and I'll be happy to do that.

Let me tell you one thing, and this is actually advice, right? I always say I don't give advice. I'm going to give advice. You are not going all in on copper or copper miners, right? You're forbidden from doing that. Winston says don't do it. We're not assuming copper prices are going to go up in a straight line because they will be volatile. Copper can move 30% in a bad quarter easy. Mining stocks can move 50% easy. We've seen it many times. So risk management matters more than some sort of STD like conviction. This is not financial advice. These are just some guidance points. For most investors, an EFTF is the cleanest and easiest approach. There are a couple of them out there. There is COPX, for example, 40 different copper mining companies in there. Um, relatively affordable. There are some others. I'll put them down below in the in the community already. Now, if you want pure copper exposure and you don't want to buy futures because that scares you, then there is an ETF that tracks copper futures and that is called CPR. That is basically futures without having to understand futures. Now, that costs 1.06% in fees. So, someone's making money out of your um not knowing this. So, you don't want to hold that for too long because that's a ridiculous amount. And then you want to think about how much exposure you have. And I'm not saying you should buy copper. I'm just saying if you are going to buy some, um don't make a reckless allocation. Right? Generally speaking, I would still stick stick to five to maximum 15% of portfolio. It's generally a pretty good rule for almost anything you want to invest in portfolio. If you want to invest in miners, make those positions small. I would generally say 1 to 3%. Because what we do is we get some exposure. We tilt into it an idea. We don't gamble and put everything on there because stuff could go wrong, right? There could be a massive recession. Um, someone could come up with another metal that is just better and cheaper and um, maybe all the AI data centers get cancelled and we all go back to, you know, smoke signals.

Now, if you have some copper exposure already, you're thinking about it, put the ticker symbol in the chat or the multiple ticker symbols in the chat that you have exposure to. Be curious to see what our community here is is investing. And if you still think gold and silver is still the better play, again, let me know down below in the comments because I'd be interested to see your POV there. But even if you strip away all the AI hype, the grid is aging. Electrification is happening no matter who's in power or countries, defense budgets are rising, and the commodity under investment has lasted 40 years. So copper doesn't really need a crisis. It just needs a continuation of what we're already seeing. We don't need inflation. We just don't need massive new investments. So, it's just a rebuild and rebuild needs copper. Gold and to some extent silver thrive on fear, thrive on inflation. Why do I start inflation with an F? Do you ever do that? Does your brain do that? It sort of starts halfway into a word. Copper happens when you build. It happens when you electrify. And right now, we're electrifying faster than we ever have in the history of humankind.

Did you know there is an invisible system that controls nearly every trade on the planet? And I don't mean supply and demand. I don't mean the Federal Reserve. I don't even mean the stock market. I'm talking about a secret deal made behind closed doors that forces almost every country on Earth to use US dollars whether they want to or not. A deal that keeps inflation lower than it should be. That lets the US government borrow trillions at rates no other country could dream of. And that gives America the power to destroy entire economies with a phone call. It's called the petro dollar system. And if you're an American investor, understanding the system isn't optional. It's the foundation underneath everything else you own. Your stocks, your bonds, your house, your retirement, all of it sits on top of this one agreement. Funny thing is almost nobody talks about it. My name is Felix Pin. I'm an ex-investment banker and economist. That's Winston back there, the head of our research. He likes sleeping on it. And today I'm going to show you exactly how the petro dollar works, why it's starting to crack, and most importantly, what this means for your money in terms that anyone can understand because there are risks here that most retail investors have no idea about. But there also opportunities if you know where to look. So let's get into it.

To start with, I want to make this video more valuable for you. I've literally put together a 25page research report on the petro dollar and how it works, the risks, the future, and everything else, including all my sources. You can download that. It's completely free. There's a link down below to it. Uh, and it goes into our free community where you can click into it, and we'll try to put that on the screen as well for you so you can take advantage of that because this isn't common sense. But to really understand the petro dollar, we first need to understand something that one of my old street mentors drilled into Nick. He was an energy guy and he said, "Follow the energy always." You see, oil isn't just gasoline. Oil is everything. The plastic in your foam is oil. The fertilizer growing your food, that's oil, too, which is a bit worrying, isn't it? The cargo ship that brings the cheap furniture and garments from overseas, oil. the jet fuel flying executives to meetings. That is also oil. 93 million. Okay. Every single day, the world burns through about 93 million barrels of oil. Now, if you've never thought about how dependent everything is on this one material, put oil in the comments. Be interested to see what everyone's thinking.

But for investors, this is where it gets important. Let's say you are Saudi Arabia. You've got oil coming out of your ears more than you could ever use. So what do you need? You need everything else. Technology, cars, weapons, consumer goods. Now let's say you are Japan, highly advanced economy, makes incredible stuff, but you've got zero oil, none zil, nothing. Incredibly unfat. So you've got a natural trade, right? Japan needs oil. Saudi Arabia needs what Japan makes, you know, Toyota cars and so on. Very simple. But here's the catch, and this is what separates people who understand global markets from people who don't. What currency do you use? Think about it. Saudi Arabia doesn't want Japanese yen. Really, they want something they can spend anywhere, something stable, something powerful. And Japan, they're not going to accept Saudi real because same reason. They want flexibility. They want purchasing power. So for over 50 years, the answer has been one thing, the US dollar. Not because it's magic, not because it's backed by gold. It hasn't been since 1971. Thank you, Nixon. But because of a deal, a very specific deal made between the United States and the Kingdom of Saudi Arabia. A deal that changed everything. Did you know that oil is only traded in dollars? If you do or if you don't, put let me know down below. Put a put a surprise or a yes in the comments down below. See how many people understand this already.

Now, of course, the deal didn't happen by accident. There's a story behind it. And this, too, we need to understand. Now, if you're thinking here, sitting here thinking, Felix, I just want to know what to buy today. I hear you. All right, I'll do something even better than what we're talking about here today. I'm going to teach you live for about two hours this coming Saturday at 8:00 PM New York time how Wall Street finds great stocks, how Wall Street chooses the stocks that they want to buy, and how you can follow in their footsteps. And it'll be free. It'll be about two hours long, and you can sign up for that felix.org/train. Yeah. So, a deal. That's a deal. Put a deal down below if if you're signing up for that. If you're joining us for that.

Now, back to this history lesson, which is so flipping important. How did the US dollar become the currency that runs the world? To understand it, we need to go back to the end of World War II where uh well, by German um people didn't didn't do so well, did they? Are we allowed to laugh about that? Yeah, probably not. Right. Anyway, picture Europe bombed out, devastated the old powers, Britain, France, and the Germans. Um they're in ruins, right? Economically, physically, whole generation is basically dead. But America, America's factories are humming. American soil was never touched by bombs. Right? America become the world's manufacturer, the world's creditor, and the world's gold vault all at once. So in 1944, 44 countries gathered at a resort in Bretonwoods, New Hampshire. And their mission was to create a new global financial system from scratch. This is not a conspiracy theory. This is just just history, right? And the deal they made was this. The US dollar becomes the world's reserve currency. other currencies pegged to the US dollar, which means their exchange rate is fixed and the dollar is convertible to gold at a fixed price of $35 per ounce. Basically, the dollar was gold. You could walk up to a US bank and exchange your dollars for actual gold bars at a fixed rate. And it gave everybody confidence, right? This was the dollar was as good as gold. Literally, the dollar was literally as good as gold. And this worked for about 25 years. But then the 1960s happened. Vietnam war. Great Society programs. Spending exploded. And countries started noticing something rather uncomfortable. The US was printing way more dollars than it had gold to back them. And France under the Gaul actually started demanding gold in exchange for their dollars because they saw what was happening. The French are quite clever occasionally. And so, President, that's terrible accent, isn't it? I know. President Nixon, he he just he just he just complained. Was it that bad, Winston? Apparently, he had stopped making fun of the French. Um French the French people very much love golden retrievers. So, he's a big fan of France. And President Nixon literally went on television and he said, "Yeah, we're not doing that anymore. No more gold for dollars. Sorry, my French friends." to just lay down the gold standard was dead.

Now, here's one of those people stopped the story. But this is actually where it gets interesting, especially in today's world, because the dollar now had a problem. The dollar was now what we call feared currency. Basically, money backed by nothing except a government saying it's worth something, which is sort of not super reassuring, right? Um, trust us, it's worth something surely. So they are basically saying we really hope you believe us is worth something. And for a couple of years it was just chaos. The dollar dropped other currencies became super volatile and nobody nobody really knew what that meant. And then in 1973 war broke out in the Middle East just like it has. Yamapour war and it was Israel versus Egypt and Syria and the US backed Israel with weapons exactly how they're doing now with Iran. So Arab countries were pissed off to put it mildly and they had one very what powerful card to play. So OPEC, which is the capel of oil producing countries, announced an embargo. No oil for you American bastards or anybody supporting Israel. Now oil prices went up 4x overnight pretty much. Gas lines stretched for blocks. The American economy went into an absolute tail spin. It was a crisis. It was a real one. And Nixon had to do something. I mean, he did quite a lot of things, didn't he? Um, so what did they do? He sent Henry Kissinger, the Secretary of State, to Saudi Arabia with a very interesting proposal. And the deal was very simple. Saudi Arabia agrees to sell oil only in US dollars. And the United States agrees that it would provide military protection and weapons. In other words, you make sure everyone needs dollars to buy your oil. We make sure nobody messes with you ever. Beautiful deal. If you were the US or Saudi Arabia right now, for everybody else, you just became a forced customer of the US dollar forever.

Now, before we go into the implications of that, because they're huge, I want you to learn how to use this information, this macro information, and I make it give you better tools to actually apply it to your investment decisions dayto-day. And that's something we're going to cover on Saturday at felixfriends.org/training for about two hours. Winston here is going to teach you what we learned from our Wall Street mentors. Didn't make it up. We learned it from guys who've been doing this for 20, 30, 40, 50 years on Wall Street. So, make sure you grab yourself a seat for that. But if you want to, but let's break down this system exactly how it operates because once you see it, you can't unsee this.

Let's go back to Japan. They need oil, right? Millions of barrels every single month or day. But they can't buy in yen. Saudi Arabia won't accept it, right? The deal says dollars only. So, what happens? You have Japan. They need to do what? Well, first of all, you have the Saudis down here, and the Saudis want to send oil to Japan, right? But Japan can't pay for it in yen. So, how does Japan get dollars? Well, the US of A sells, say, cars to the US or, you know, PlayStation, semiconductors, and so on. And then the US sends back dollars. Now you may not sell as many cars as you need dollars. So you could also do something else. Japan will also buy US debt. But either way, they need dollars first before they can buy oil and send dollars to the Saudis. Right now, Japan doesn't just need dollars today. They need dollars all the time. Oil is a constant need, right? You burn fuel every day. So what do they do? They keep a massive pile of US dollars in reserve, like lots and lots and lots of dollars just sitting there at the ready so they can buy oil. Now, what's the safest way to hold dollars? You buy US debt, also known as US government bonds or US treasuries. Market likes to make things complicated, but it's all just debt. So now Japan and every other oil importing country is buying and holding dollar debt, lots of it. And maybe you'll start you'll see why this is such a good deal for America. Let me know if this is landing for you so far. By the way, put a put a landing or in the comments down below and I'll see if it is. And if it isn't, also let me know.

But here is where it gets even better for the US. Saudi Arabia and the other Gulf states, what are they getting? Well, these guys are getting all these Japanese dollars, and they're getting more and more and more dollars than they need. What do they do with all the dollars? They can't spend it all in Saudi Arabia. There's only so many, you know, gold-plated Lamborghinis you can get. And so, what do they do? They invest it. Where do they invest it? Right back into good old USA. So, they buy US debt with it because that's really safe, right? They buy US stocks with it because it has great opportunity. buy US real estate because you can get income from it and of course US weapons. This is called petro dollar recycling. This part here because the money flows out to buy oil and then then it flows right back in as an investment. It's a perfect loop. It's almost like it was designed that way to keep good old USA on top. Oh yes, it was. And this is why understanding this system matters for anybody who's investing in the US because this loop creates three massive advantages for the United States that directly affect your money as they say in some parts of the UK. Here's the big idea and and this is what separates people who understand markets from people who just well react to headlines. The petro dollar system gives America three massive advantages that most retail investors have never ever thought about or heard of. And by the way, we've done again something even better for you. If you want to keep track of what's actually going on with this whole system, not only do we have the report for you, we have a live dashboard where we track what's going on around the world, metals, oil, and everything else. Live news, and you know, literally what's happening in the world. Do you want to be worried about what's happening in the Middle East right now? Well, why not see like what's actually going on there, whether that's, you know, military flights or energy infrastructure and literally all the news and exactly where it's happening and and why it's happening. You want to understand that's all in there. But I've also just added a petro dollar tracker. We're going to keep building that out. Uh understand how this actually all fits together again with a petro dollar briefing which is updated there live for you. So you can take advantage of that. You can also filter, by the way, for stocks. So, if you want to find some quality stocks, for example, we also do that for you and you get an insight into what's going on with each one of these and so on. So, there's a ton of stuff in there, and that's about $6 a week. We just want to make good information available to everybody. There's a link down below to that, too. So, yes, loads of good stuff in the in the linking section.

Now, we've established that every single country that imports oil, which is basically everybody, um they must all hold dollars. Not because they love America, not because they think the dollar is pretty, but they literally cannot buy energy without it. So creates a constant structural demand, permanent demand for dollars that has nothing to do with the US economy. Now what does it mean for you? It means the dollar stays stronger than it should just on this basis of this oil demand. It means if you're American, your purchasing power, especially for imports, is artificially boosted. The the iPhone is cheaper than it should be, for example, right? Because of the petro dollar. And then number two, you know, all those countries need to hold dollars. The safest way to hold dollars isn't holding cash, right? Because it's silly. Uh what do they do? Well, they buy US government bonds with it. So there is this massive permanent demand for US debt. And what happens when everyone wants to buy your debt? Well, you get to pay very low interest rates. So the US government can borrow at rates that would make all other countries jealous. And that means more spending on government programs, lower taxes than otherwise necessary, bigger deficits without a real immediate consequence. And for US investors, it means US bond rates stay lower, which pushes more money into stocks, into real estate, into riskier assets. So the whole stocks only go up environment of the last few decades. Prod dollar is the invisible force that's making that possible. And this is one of the most powerful and the most dangerous, which is number three. You control the currency. If you control the currency that everybody must use, you can cut anyone off from the global economy. And maybe you've have you ever thought about whether why US sanctions are so devastating while other countries sanctions sort of barely matter. Well, this is why, right? Write sanction in the comments if this is something that just sort of landed for you.

Now, when the US sanctioned Russia in 2022, they didn't invade it. They didn't bomb it, at least not directly. They just said, "You can't use dollars anymore." And suddenly, all Russian banks couldn't trade. Russian companies couldn't pay suppliers. Russian oligarchs couldn't access their yachts. That's the real scandal of the war. Um, we actually had some Russian students and we had to say to them, "I'm sorry, we can't have you because our banks will close down our accounts if we continue to, you know, give you guys access." So, people were knocking on the door. We can do it. It's incredibly unfair because, you know, they're just people, right? They're just people like you and me. But, back to the story. The US has the power to economically destroy a country without firing a single shot. Now, if you're an American, you might think, "Great, we have all this power. What's the problem?" Thanks. But here's the problem. Other countries have noticed. Took them a while, but they've noticed. China, Russia, India, Brazil, Saudi, Iran, they've all watched American policy weaponize the dollar, and they thought maybe we should have a backup plan. Wouldn't that be an idea? Yeah. Um, nah, I got another golden liambo. But no, for the last for the first time in 50 years, they're actually doing something about it. China and Russia are trading oil in UN rem the Chinese currency. India is paying for Russian oil in rupees. Saudi Arabia, America's original partner in this deal, is openly discussing selling oil in other countries. Now, for those of you who are building long-term portfolios, long-term wealth, this is the trend you really need to understand. And and let me be clear that the dollar isn't going to collapse tomorrow or next year or probably even this decade. But the direction of travel well for the first time since ' 74 there is a real alternative emerging to the US dollar and that has implications for everybody investing in US markets.

So let me break down what I'm watching and what my mentors told me to watch. The three risks I'm watching is first there is a long-term dollar weakness. So if demand for dollar gradually decreases because they're trading in other countries, the dollar will weaken and that means your imports get more expensive. Inflation for investments will perform better in dollar terms and US purchasing power will erode. Right? That's and remember this is all in the in the free free um research reportings. I know I'm I'm dumping a lot of stuff on you here in a short period of time. Uh the second risk is that if the foreign buggers buy less US debt, the US will have to pay a higher interest rate to attract buyers. So your mortgages will get more expensive. Corporate borrowing costs will rise and stock valuations will decline. And this is the hidden tax that kind of nobody talks about. And then number three, if countries can trade without dollars, American sanctions and American banks will have a lot less well power. That changes the geopolitical equation and it creates uncertainty which is something the market hates.

Now I want to talk about opportunities because I always think there is a silver lining under everything. But if you think through Venezuela and Iran in terms of two countries who are selling oil in non US dollars, maybe that explains a little bit of what's going on out there and I probably can't say all the things that I want to say on YouTube. Otherwise, I'd lose you lovely audience. Uh, and I won't be able to help anybody anymore. But you can you can do some thinking on that front, right? Please don't put that in the comments because again, YouTube doesn't like that sort of thing. But you know what I'm saying, right? Uh, Winston just told you that. So, opportunities. Now, if you want to hear the three opportunities, let me know in the comments. Put a three in there. Uh and and and let me know that you're still alive and with me and and and you know all that. Uh first of all, if the dollar weakens, what goes up, things that are not dollars, gold, commodities, real assets, right? And another reason why we are we built out our whole like metals universe inside of Betto Stocks, which is a the the app you have access to down below for like $6 a week. Um, and we literally look at what what are the institutions doing with gold and silver? Are they buying? Are they selling? Right? And and and what are the premiums in overseas markets? What is the inventory look like for gold and silver and all the other good stuff that is very important, right? How's the stretch level looking in the markets and and so on. But beyond gold, there are other things. Yes, some people find that hard to believe. If the US loses this privilege it has, other markets become more attractive. Emerging markets, commodity exposures, exporters, countries that benefit from a weaker dollar. And then the third benefit from the whole thing is perhaps a bit contrarian. If countries are trying to use less dollars because they don't want to be that dependent on the US, what's the long-term play? Well, less dependence on oil. So the energy transition isn't about, you know, the climate and and and and the and the polar bears and that sort of thing. It's about breaking free from the petrod dollar system. So countries that can generate their own energy, well, they don't need to buy dollars. And that means companies building renewable infrastructure, battery storage, nuclear plants, yes, that green technology, LNG facilities, they are potentially a very good opportunity. And this is why I watch these big macro trends because they tell me where the money might be flowing next and then we can we can look at that.

So what does the future look like of the petro dollar system? It's the million-dollar question everybody's asking. Perhaps the trillion dollar question everybody's asking. So many countries want out. Why hasn't the dollar collapsed yet? And that's a great question. Well, let me give you the the honest answer. The first reason is momentum. The global financial system is like an oil tanker. It doesn't turn on a dime. Trillions of dollars in contracts are written in US dollars. Pricing systems, banking infrastructure, accounting standards, they're all built around the dollar. So switching is complicated. It's expensive. It's risky. It's like trying to change your phone operating system. Even if you hate it, the hassle keeps you stuck. Right now, the second reason is there is no real alternative yet. Like what would replace the dollar? The Chinese currency, China has capital controls. You can't freely move your money in and out. That isn't going to work. The euro, well, the euro, well, Europe can't even agree on a fiscal policy, and it's a it's an instrument that's so poor. It was essentially designed to make the Deutsch mark cheaper. Uh, and they did that by getting the Italians and the Greek Greek by getting the Italians and the Greeks and the Portuguese and the Spanish economy into it. And that would lower the whole thing. So again, it's a it's a it's a construct of Horus for an economist. Um what else? Bitcoin. Yeah, it's not quite there yet, is it? Um so there's no real alternative. Now the third reason is the dollar isn't backed by just economic might. It's backed by 11 aircraft carriers, 750 military bases around the world. So countries think twice before they challenge a system. and their consequences, right? Look at, you know, what's happening in the Middle East. So, my take is, and this is what my Wall Street mentors always said to me about big systematic changes, big systems don't collapse overnight. They erode very gradually and then some. So, the petro dollar probably won't end with a headline. It'll just matter less yearbyear, trade by trade. And the dollar's share of global reserves has already declined from about 70% to 58%. Which is not a crisis, but it is a significant trend. And maybe a good analogy is do you remember when everybody said physical newspapers would die because of the internet around 1999? Well, they didn't die immediately, did they? But they declined for years. And eventually, yes, most of them are gone or or barely surviving. And most of them are just owned by some uh billionaires who want to buy themselves an audience. The petro dollar is essentially going through its newspaper moment. The smart money isn't betting on a sudden collapse, but it is repositioning for that gradual decline. And and that's what I want you to take away from this. Don't panic. Don't sell everything. Don't buy and put everything into gold bars. But do understand that the invisible foundation underneath your underneath your portfolio has cracks forming. cracks that could widen are likely to widen over the next decade. And if you want to turn this into how do we actually use this and therefore find the new trends the things that might go up a lot more a lot faster because Wall Street's buying it already. Come and join me on Saturday at felix.org/training and I'll teach you that. Why didn't I teach you that in this video? Because it would make this into like a threehour video which would could be a little bit much I think for YouTube. If you got some value out of this, please share it with some other people so more people are better informed. And Winston and I say, "Thank you very much for watching." Don't worry, Winston. Winston, hey, any any any final thoughts on the petro dollar? It's like he needs a nap. He's been on a big hike. I wish you all the best.