War, Inflation, and AI — Why Gold and Silver Are on Sale Right Now

The ceasefire deal Trump signed at Versailles? It's over. The US is striking Iran again, oil surged 9% in a single day, and the Strait of Hormuz is closed — again. Your gas bill already knows it.

But the Iran war is just one piece of a bigger story. This week, host Jeremy Herrell breaks down three forces hitting your wallet at the same time: a war that won't end, an inflation problem the government can't fix, and an AI boom that Wall Street admits is actually making prices worse — not better. CIBC, Goldman Sachs, JPMorgan, and the IMF all confirmed it: AI is quietly adding to inflation in 2026.

Meanwhile, gold is down 30% from its January high — and JPMorgan, Wells Fargo, Bank of America, and Goldman Sachs all have year-end targets between $4,900 and $6,300. Silver hit $121 in January and is sitting around $60 today. Jeremy calls it what it is: a sale. The biggest one in years.

If you have a 401k or IRA, you can move some or all of it into physical gold and silver — without penalties, without cashing out. Jeremy walks you through why now might be the time to do exactly that.

Get your free 2026 Gold & Silver Info Guide:
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Transcript

SPEAKER_00 0:08

Golden Crest Medals. This is the Crest Report, where markets meet reality. Your weekly briefing on the economy, gold, silver, and protecting what you've built. And now, here's your host, Jeremy Harrell.

SPEAKER_01 0:23

Okay, well, good morning or good afternoon, depending on where you are at this point listening to the show. Welcome to the Crest Report, everybody. We're hoping you're having a wonderful and blessed day. My name is Jeremy Harrell, and today for the next hour, we are going to be breaking down the whys and the what-ifs and the where is it going and where is it coming from prices of gold, silver, palladium, platinum, and the precious metals that make the world go round. Welcome to the Crest Report. And at any time during this show that you may want to reach out to us, you can go to www.goldencrestmetals.com or, and we'll pop this up on the screen here for you, you can also call 1833 426-3825. Again, ladies and gentlemen, that is goldencrestmetals.com or 1-833-426-3825. Call anytime during the next hour, and somebody will be available on the phone, on the call right away to discuss your uh future needs or your current needs in the precious metal market. Again, my name's Jeremy Harrell. And if you want your 2026 uh free info guide to gold and silver, all you have to do is go to the website now or call that number and you can uh set yourself up for that free guide. And uh there are a lot of different opportunities here at Golden Crest Metals. Again, silver, gold, palladium, or platinum. We deal in each and every one of these precious metals and have extensive knowledge and access to each and every one of these precious metals. And if you are a precious metal investor, then more than likely you want to diversify your portfolio with as many different options as you have. And here at Goldencrest Metals, we've got all those options for you. So again, 833-426-3825. That's 833-426-3825. Maybe I'll come up with a jingle for that to help stick into your uh into your noggin, but also goldencrestmetals.com. Okay, so we have a lot to get through today. Obviously, the Iranian conflict is continuing uh to be the driving force in prices going up and down, not only at the gas pump, but also with the precious metals. It seems like every time there's an announcement and a ceasefire and an announcement and another ceasefire and so on and so forth, that the precious metal market uh reacts as well. But also, there's been some good news coming in the way of the economy. We just found out some inflation numbers and some job report numbers not too long ago, and uh it seems to strengthen the dollar a little bit. However, ladies and gentlemen, I don't care who you are. If you live in a country with $30, $40 trillion of debt, sooner or later you are going to uh uh uh you know devalue the the currency that you have. In our case, it is the dollar. So let's get busy today. We've only got about an hour to get this done, and we've got a lot to talk about. So, the topic number one that I really want to get started on today is the Iranian conflict, the ceasefire, the collapse, the on-again, off again relationship uh that uh we are seeing uh with uh the Iranians. Let's start with the news that are moving the markets right now, and that is you may have heard that there was a ceasefire deal with Iran. We also know that that's over already. And not only is it over, but it doesn't look like there's going to be a deal anytime soon. Not a deal of, you know, complete compliance anyway. It might come involuntarily. We'll see what happens. But Trump signed the memorandum of understanding with Iran on June 17th, all right? At the Palace of Versailles. He called it a historic deal that achieved everything the U.S. set out to accomplish. This week, obviously, we're seeing something very different. Now, the U.S. launched a third night of strikes on Iran over the weekend. Iran struck back by hitting two super tankers in the Strait of Hormuz. The UAE, which is the United Arab Emirates, confirmed its tankers were hit. One crew member was killed. The U.S. Navy has reinstated its blockade of Iranian ports. Before the conflict, 110 ships a day moved to the Strait of Hormuz. That number is obviously way down again this week. And now President Trump is actually talking about uh basically taking control of the entire strait uh himself, or the United States of America anyway, and charging a toll to go through. So we're not sure how the markets are going to respond to that if it actually happens. Uh everything is pretty fluid right now. Now, oil responded immediately. WTI crude surged more than 9% on Monday alone, the biggest single jump since April. It settled at 78.14, its highest close since mid-June. Now, Wells Fargo said it plainly, and it I'll say it plainly to you. I'll repeat it to you. Until something changes with the status of the strait, the bias remains higher for oil prices, higher inflation, higher interest rates, and more equity volatility. Now, even though we're getting good inflation numbers coming in as far as uh the government is concerned, those inflation numbers are not for right now. They were for the last reported. All right? Now, Iran's top negotiator says that they have absolutely no trust in the United States and that this war, as he calls it, will never end with Iran's surrender. Qatar and Pakistan are trying to mediate once again. Nobody knows how long that's going to take. Okay? President Trump likes to negotiate within a few minutes to an hour. The people that he's dealing with want to negotiate for months and months and months because the more strain they can put on anybody's economy, you know, whether it be the United States or whether it be global economy, the more uh of a chance they have to get what they want. And they will play the long game when it comes to that. The Houthi rebels in Yemen and Saudi Arabia have also resumed exchanging strikes. The regional truce, uh, the the regional truth, truce, excuse me, uh, there appears to be over two. And uh so it's not contained. And one thing that I think is very uh important here is to understand is even the neighboring Gulf states of Iran are not helping Iran. They're not siding with Iran. The neighboring Gulf states, you know, President Trump had the prime minister of Saudi Arabia in the White House this week as well. These neighboring Gulf states, we're talking UAE, Qatar, Saudi Arabia, Iraq, uh, you know, and in some cases, uh Turkey and Jordan as well. They don't agree with the way Iran is single-handedly destroying the economy for all of those neighboring regions. I believe the Prime Minister for Saudi Arabia said something to the tune of $40 billion that it has cost them already. So these, and not only that, the Iranians are striking these neighboring uh fellow Muslim countries. Now, I know with the Houthis and the this and the that, there's different sects of Muslims, but the uh at the very least, the United States is not unilaterally uh doing this against Iran. The neighboring Gulf states are as well. Everybody understands that Iran is a problem. Okay? So as we move from that topic to this one, let's now talk about AI. Now, I had a um, I'm gonna go off on a little bit of a uh a side note here because you know, AI it's great if used for the right thing. Okay? AI is a wonderful tool if used the way it's supposed to be used. Same way with social media. Same thing with everything that people get their hands on and end up corrupting it at some point, sometime. But the way of the future is AI. And that means that a lot of these jobs that are done by human beings today, let's say analysts or speech writing or accounting or human resources, or there's a lot of jobs that can be done by AI. And with the sudden emergence of you know, the use of AI everywhere, including government buildings and and unofficial agencies that we have in a government capacity, uh, it's going to be the wave of the future. And a lot of the technology that goes into making these chips, making these computer processing chips, making this AI, is going to rely on precious metals in order to build these semiconductors and these chips and things like that. So keep that in mind. And I'll just say this too, again, aside from uh, you know, precious metal and finance uh conversation here. Um one thing is for sure that if you are a person out there that wants longevity and a job and you're worried about AI, may I suggest the trades? You want to be a millionaire? Become a plumber and start your own plumbing and HVAC business. You want to be a millionaire? Become an electrician and start your own electrical company. Because I'll tell you what, these people are these people are pushing off scheduling three to four months nowadays, and that's even if you can get in at all. They're turning away work daily. So, you know, just keep that in mind. But as far as those other things, AI is taking over. The use of it, I should say, not AI itself, but the use of it, is taking over. It's becoming as big as anything out there. AI is making your bills higher as well. And Wall Street admits it. What do I mean by that? Well, here's a story that probably isn't getting enough coverage. And one thing that you can be sure of is that if I'm on air and I'm giving you the Crest Report or anywhere else that I'm broadcasting, you're going to get coverage that most of the media isn't covering. Okay? Artificial intelligence is actually making inflation worse, not better. Worse. Right now. Everyone's been told that AI is going to solve everything. It's going to be the answer to everybody's problems. Lower costs, solving every issue, making the economy more efficient. Eventually, maybe. But right now, AI is actually adding to inflation. CIBC Capital Markets put a number on it. AI is adding roughly 0.4 percentage points to annual U.S. inflation in 2026. Goldman Sachs confirmed it. JP Morgan confirmed it. The IMF confirmed it. Wall Street confirmed it. Three ways it's doing it. First, the chip crunch. Demand for AI chips is driving up the price of memory and storage. Stuff that also goes into cars, appliances, and consumer electronics. Second, electricity. Data centers are using so much power that U.S. electricity output is up 3% year over year. And your electric bill has gone up 4.6% on average as a result. And third, it's running the economy hotter, which means more spending and more inflation. Goldman Sachs noted something striking. 2026 is the first time in 65 years that tech goods prices are rising faster than wages. The cruel irony is the same AI that's supposed to eventually make everything cheaper is right now a meaningful reason why the Fed can't cut interest rates. It's adding to the very inflation that we and they are trying to fight. More than 80% of professional economic forecasters surveyed by the NABE believe that AI build-out will be inflationary over the next year. So AI might be an answer for a lot of things. AI might make the world go quicker. AI might be more resourceful. AI might be more beneficial in the long run and maybe even in some ways in your personal life. But when you're talking about the entire world shifting to an AI dependent way of life, and this all happened within the last few years and is ramping up with speed now, it's going to cause some issues. And that's exactly what we're seeing when you actually look at the data. Now, moving on to our third topic of the day here on the Crest Report. And by the way, again, everybody, if you are just tuning in, we want to say uh good day. We don't know if it's morning or night, wherever you're listening, uh, whenever you're listening or wherever you're listening from. But we do welcome you uh to the podcast and to the show. This is the Crest Report. And at any time, do you want to call? At any time, do you maybe want to give the Crest Report team a ring and have questions about anything that I'm saying or or anything about your current portfolio, then you can do that by calling 833-426-3825. Okay? I'll say that again in case you're putting it into your phone right now or in case you're writing it down for later. That is 833 426 3825. Okay? Goldencrestmetals.com. Goldencrestmetals.com at 833-426-3825. You can call anytime today. Alright? Now, let's get back to our third topic here, which is the dollar is losing ground. And what does that mean for you? Now, just because the economy is looking stable-ish and strong, that doesn't mean that the dollar is getting any better. Folks, we're literally spending a trillion dollars in interest payments alone. How long do you think that could last? How long could that last in your home? Now, before we get into talking about the dollar, I want to tell you a little bit about my own personal um my own personal portfolio with silver and gold. The last time my wife and I purchased silver, it was obviously through Golden Crest Metals. That's the place to do it. And I've had a lot of people come up to me and go, Jeremy, you said you bought silver. Your last round of silver you bought at $87 an ounce. The first round you bought silver, you and your family, it was $22 an ounce. And it's dropped, you know, $20 or $30 since you bought it. Isn't aren't you worried? And I said, no, I'm absolutely not worried. Why would I be worried? And they said, well, that's a big loss. And I said, no, it's first of all, silver, gold, platinum, platinum, precious metals, they are long-term investments. They are they are your set it and forget it investment. So if you save money over time and you want to purchase gold and silver as part of your portfolio, uh once you purchase that, you don't think about that. Now, my wife and I are doing it for retirement. My wife and I are, we have different areas in our portfolio where we have invested, but silver and gold is one of those areas. And I am absolutely not concerned at the fact that I bought silver at $87 an ounce. Because if you look at five years ago, then look at five years before that. Then look at five years before that. Then look at five years before that. Go back 20 years, go back 25 years, but do it in five-year increments so you can see what I'm talking about. At no time did it make just some massive sudden jump and just never went back down. It's always gone up. It's like gas or prices. You might have heard your grandfathers or your even your parents say that they used to buy a gallon of gas for 30 cents or they used to buy a gallon of milk for 50 cents or 10 cents or whatever it was. Everything always goes up. So if I'm invested for 20 years with gold and silver, all I have to do is look at history because history repeats itself. And history tells me that gold and silver are in 20 years are going to be far, far higher than that. So I just wanted to put out my own personal story with silver. However, let me get to the third topic here. The dollar losing ground and what that means for you. Let's talk about the US dollar for a minute. Because there's a slow-moving story here that most people aren't really even paying attention to. The US dollar fell over 9% in 2025. That was its worst annual performance since 2017. And the major banks, Goldman Sachs, JP Morgan, Morgan Stanley, all expect more weakness ahead. Morgan Stanley has said the dollar could fall another 11% in the next 12 months. Now that's pretty, that's that's kind of bullish, I would say, but could. That's why I used the word could. Because they did. If the Fed gets room to cut rates, that's a significant decline in the world's reserve currency. Now, Bank of America issued what they call a blunt warning. A disorderly dollar decline could trigger a sell-off in long-term treasury bonds, tighten financial conditions, and rattle markets across the board. Now there's a trade called the debasement trade. Okay? The debasement trade, meaning D E B A S E M E N T. Debasement Trade. Investors shifting out of dollar-based assets and into things like gold and silver because they believe currencies are being inflated anyway. That trade was one of the dominant investment stories of 2025 and is still active right now. The U.S. national debt is growing faster than any other developed country in the world. China has been selling U.S. Treasury securities. $145 billion worth in 2025 alone. These are slow-moving forces, but they're measurable and they are directional. They're going somewhere. Gold and silver don't have a government behind them. Gold and silver can't be printed. They can be devalued, or they can't be devalued. So if they can't be uh printed, they can't be devalued, and they don't have a government behind them, wouldn't that be something that you might want to have a piece of? When confidence in currency erodes, even slowly, that's exactly when precious metals historically move and make history. Our fourth topic today. Gold. It's down from its high. The banks are still calling for $6,000, though? We have talked about this for months here on the Crest Report. And I know that it's hard to believe that experts are calling for $6,000 an ounce ounce by the end of the year, and we're already in July. And how is that gonna be? Well, they're clearly seeing something. Let's get to this. Gold hit an all time high of $5,589 an ounce back in January. January 28th, to be exact, of this year. Today it's Trading around 4,000, a little higher than 4,000. Now that's a significant pullback. About 28% off the peak on January 28th. But here's what every major bank is saying right now. The structural case for gold has not changed. You can look this up yourself. This is a very uh accessible bit of information if you're really, really wanting to dig deep yourself and see what I'm talking about. So what changed was the dollar got stronger and the Fed stayed hawkish. The underlying reasons that gold went to 5,500 and above, they're still here. What you're seeing is so temporary. JP Morgan's most recent update from June 9th maintained a target of 6,000 per ounce by year end of 26. 6,300 is their call for 27. At today's price, that's roughly a 50% upside to JP Morgan's base case. Let's look at Wells Fargo. What do they say? Wells Fargo says 61 to 6,300 by the end of 26. Bank of America, 6,000. UBS, 5,500, which would bring it back to where its peak was. And Morgan Stanley says 5,200. Goldman Sachs is actually the most conservative. And they're saying 4,900. That's still a huge jump from where we are right now. And pretty much close back to the peak. Every single one of those targets is above where gold is trading today. Bank of America has also separately published an uh $8,000 scenario. Now, that's that's a that's a heck of a number. $8,000 scenario, not the base case, but one they described as plausible. That's triggered by private investors raising their gold allocation from just 3% to 4.6% of their portfolios. That's a small behavioral shift that could have a massive and enormous price impact. And it happens, folks, when it happens, it all happens at the same time. China is buying gold pretty aggressively right now. Their gold imports in just the first quarter of 2026 were nearly triple the prior quarter. The People's Bank of China ramped purchases from one tone a month to eight tones in April alone. The World Gold Council put it simple. Gold is fairly priced at the current macro setup, but the stage is set for a breakout. The catalyst they described, a worsening economy, a renewed geopolitical shock, or lower rate expectations. Look at this week's news. All three are present right now. So you've got a triple header here, you got a triple dipper here. You know what I mean? You got a triple whammy. That's why we said that the underlying base reasons that people think what they think about gold and what caused gold to get to 5,500 are still there. You've got all those reasons still there, and you've got this uh triple threat now that I just mentioned. I mean, it's it's the perfect recipe for gold to blast off. Now, the reason uh why you might hear a lot of people talk more about silver than gold is because of the price point in which uh you buy in. It's a small risk for silver because you know you're buying in at $60, $70,000, $80 an ounce, whereas gold, it's $4,000, $5,000, $4,500 an ounce. Now it was always been a better bet to have gold. I mean, that's why it's called gold, right? Gold. That's why we say the gold medal. It is the best. But I would never, ever, ever discount silver because silver, the conduct of the uh conductivity of silver and the use for all of the new AI chips and the hospital equipment and all that, there's a massive need for that. So it's a different metal, but it's a wonderful investment. And all I have to say is just look at those five-year increments in the past and you'll understand exactly what I'm talking about. All right? Now, let's get to my bread and butter, which is silver. Silver and gold. Silver's on sale right now. Get it. You know when you see your local gas station or your local grocery store or your local car dealership or your local, you know, uh ATV dealership, motorcycle dealership, when they say, we got a massive deal going on for you right now. President's Day sale, Memorial Day sale, 4th of July sale, Labor Day sale. Where you come in right now and you're gonna get $20,000 off a purchase of a brand new vehicle or whatever it is. You're gonna get a buy one, get three free at the gas station or grocery store. Everybody loves a sale. That's how I want you to look at silver right now. That's how you gotta look at silver right now. Silver's on sale. Go get it and get as much as you can. Okay? This is what I know people really wanted to hear. If gold is a buy-inning opportunity right now, silver might be an even bigger one. It just might be. I wish, I wish I had a little bit more money right now because I'd be I'd be purchasing some silver right about now. Uh hopefully by the time I, because we're always save. As soon as we invest in something, we start saving for that same investment or another diversified investment as we're getting close to retirement, closer to retirement age. I'll be 47 this year, so I still got a ways to go, but I'm at that sweet spot where, yeah, maybe I should have paid it more attention when I was in my 20s. But I still got 20 years left to work. If I'm lucky. Maybe 30, if I'm still alive. So I have to make sure that I am constantly putting money somewhere for something. Now, some of you guys might use stock markets, some of you might use your 401ks, some of you might have IRA or Roth accounts. Guess what? If you have a 401k or an IRA account, you can um transfer some or all of it into precious metals if you wanted to. But that would be up to you. I mean, you want it, you want to diversify, so I would never suggest that. I would suggest some here, some there. Some people is their home is their retirement. You know, the equity that they've built in their home, the sweat, blood, and tears that they put into their home over time. Maybe that is part of your portfolio. I don't know what it is, but I will tell you what my wife and I do. If we are not constantly putting, even if it's 20, 30 bucks at a time into an account, then we're doing sweat, blood, and tears to our home. We're constantly investing in our retirement. And I'll tell you what, with silver being on sale right now, go invest. Silver hit $121 back in January, same time gold went through the roof. Right now, it's in between $57 and $62, depending on the day. Now that's a that's more than a 50% drop from its peak in January. And the banks have still not changed their full year targets either. JP Morgan sees silver averaging $81 per ounce for 2026. Averaging. That doesn't mean that it won't jump up really high, come back down. They're saying an average. If you're talking an average of $81 per ounce, remember, I bought my first silver three years ago at $22 an ounce. And look where we are now. HSBC says $75 an average. Goldman Sachs says $85 to $100. If industrial demand holds, which I absolutely believe it will, how could it not? It's not like technology and hospital equipment is going to go in the reverse. The London Boyon Market Association's survey of analysts says $107 average for the year. All of those are substantially above where silver is today. So when I tell you silver's on sale, go get some, silver's on sale, go get some. Now here's why silver is different from gold. Over 60% of silver demand is industrial. Solar panels, semiconductors, AI data centers, which are popping up everywhere, it seems like. Electric vehicles, computer processing chips. Every trend that's defining 2026. AI, clean energy, electrification, all of that runs on silver. You might have heard that America runs on Duncan. Well, sixty percent of industrial demand says that America runs on silver. The Silver Institute just confirmed that silver is in its sixth straight year of supply deficit. Can you believe that? Think about that. Six years, we are producing less silver mining, finding, less silver than the world needs. For the sixth straight year. So if there's a demand that the world needs to be met, and we are not meeting that demand with new silver, then what must that demand be met with? Well, since you can't make or print silver, it can only be met with your silver. Silver that you have. So when that demand gets higher and higher and higher, so does the cost. And who are they gonna get their silver from? They're gonna have to get it from you. Think about the opportunity that you've got here with silver. America runs on it, folks. They're 67 million ounces short of demand this year. Imagine having 67 million ounces of gold. You know what? I'm gonna pull out my trusty cell phone here, and I'm gonna do a little bit of calculation for you. 67 million ounces short on demand this year. Let's times that by sixty. Four point two billion dollars. Four point two billion dollars. Or pocket change to Elon Musk. You cannot fix a supply deficit fast, folks. The metal is physically tight. What are you gonna do? Stretch it? You're gonna make more? You're gonna invent one of those machines like honey I shrunk the kids, but the reverse one and shoot your little silver and make it bigger? There's i it's no way. When the gold to silver ratio compresses, meaning silver catches up to gold, silver historically moves two to three times faster than gold. If gold goes to 6,000, then silver at a historical ratio, if you're looking at, like I said, the five-year increments all the way back 20 years, and then look at it as an average, could be $100 to $170 per ounce. That's the math that serious precious metals investors are running. Again, if gold goes to $6,000, silver will jump to $100 to $170 per ounce. And that's now. Imagine 20 years. It's not like America's gonna fix its uh debt problem to the tune of you know, silver and gold falling out and dropping to historic lows. I don't see that happening. So the question is why is silver so cheap now? Because in a crisis, people buy gold first, historically. And they still are today. Maybe that won't be that way in the future, but still, as of right now, in a crisis, people buy gold. That's just primarily what they go to. Silver gets left behind. When confidence returns and industrial demand reasserts, silver catches up fast. Now we've seen this pattern time and time again. The bottom line to all this, silver is below every major bank's 2026 average forecast right now. In a structural supply deficit. Now, again, by the way, these people just don't claim that silver's gonna be $6,000 an ounce because they think so and they want to be right. They claim this because they're invested themselves. They claim this because this is what they are projecting for their portfolios. I don't think they'd want to lie to themselves. Silver is below every major bank's 2026 average forecast in a structural supply deficit with rising industrial demand, which we can't meet, from AI and clean energy, and historically correlated to gold, which every bank expects to move significantly higher. This is the definition of a buying opportunity. Okay? Now let's move to topic six here. The world is more unstable than people realize. Let me zoom out and give people some context. It's listening to the to the podcast today. Okay? Because it's not just one or two things going wrong right now, it's a lot of things going on at once. The World Bank just projected global growth to slow to 2.5% in 2026 because of primarily the Iranian conflict and that impact on energy prices that it had. Emerging markets are facing the weakest per capita income growth since COVID. McKinsey surveyed nearly 800 senior business executives across 77 countries this spring. Two-thirds said global conditions had gotten worse over the past six months, and that's the highest share since right after Russia invaded Ukraine in 2022. So you have to ask yourself from a um, well, I guess you'd have to ask yourself from an economic and a political point of view, why is this happening? Why is the globe having so much problem with growth and costs? Well, from a news and political standpoint, I can tell you that it is um too many people being displaced around the world and too many people uh having to settle in countries that are not theirs, immigrants, by the millions, to the tune of billions and billions and billions of dollars for each one of these countries that are taking these displaced people in. Now, this is not a pro or anti-immigration um statement. This is a fact. Every single country that is accepting displaced persons from around the world, whether it be single people, men, women, or families or whatever, it is a finance, there's a financial cost to that. And all these countries are shelling out money to assist and help that they don't have. And they're robbing Peter to pay Paul. That is a big now, that's not everything, obviously. That's not all of it. If you were to talk to somebody else, they might tell you that, you know, uh change in climate around the world has caused so much economic destruction because of people relying on, you know, certain places for crops or certain places for the right temperature to grow certain foods and resources that they share around the world and trade. There are, it's, it's like I said at the beginning of this, it is a lot of things happening at once. And the world is trying to figure out how to deal with this. Those are the facts. Okay? JT JP Morgan has a 35% probability on a U.S. and global recession in 2026. Now, I would, I mean, I'm not an I'm not an economist or a financial advisor, and I'm certainly not a banker. Um, but I would tell you, looking at the U.S. economy right now, especially seeing inflation go from 4.2 to 3.5%, that is a major, major piece of good news for us. Uh that happened this week. Um 35% to me seems high. That's just my personal opinion. I would put that more at like maybe 15%, but you know, I'm just a guy trying to report facts. One in three odds. Now that is not a tail risk. That the 35% number that you're talking about there, that's a kind of a number that you start making some serious decisions around. Okay? Better to be safe than sorry. Rather have a need and have and not need than need and not have. And here's what makes it all complicated. We have the Iran conflict, AI-driven inflation, a weakening dollar, tariffs still adding to consumer prices, a Fed that can't cut rates, a national debt growing out of control, these don't each cause a problem on their own, but when they're all aligned at the same time, plus you're dealing with all these countries that are you know trying to shell out billions of dollars that they don't have to keep people fed and safe or whatnot, then you've got a real storm brewing here, folks. And then you get to a point of what the heck do we do? Now you might be thinking that yourself, what the heck do we do? Well, 833-426-3825 GoldenCrestmetals.com. Reach out to Rich Jacoby and the Crest Report team. They can help you out. Again, 833 426 3825 GoldenCrestmetals.com. That's one thing you can do. History shows us that when uh this many forces converge at once, all those things that I just spoke about. The assets that hold their value the best are the ones that exist outside the well-corrupt and manipulated financial system. Physical gold, physical silver, physical palladium and platinum, those are things that can't be printed, those are things that can't be devalued, and guess what? Those are things that cannot be frozen. That's not fear, folks. That is portfolio management. And it's exactly what Golden Crest Metals helps people think through. Okay? Now, we also have another number for you to call. Okay? There are a couple different numbers that you can call here at Golden Crest Metals. And if you want a more direct uh line, uh people may be expecting this call from you today. Well then let me give you another another number here. It is eight eight eight nine nine one six two two two. Okay? Again, that's eight eight eight six uh nine nine one, excuse me, six two two two two two two two two two two two two two two. One more time. Eight eight eight. You can also uh text the word report, like the Crest report, to Metals, M-E-T-A-L-S. Or, if you're looking at your phone, it is 638-257. Let me repeat all of that for you. If you want a free portfolio review and a free no obligation investor kit from Golden Crest Metals, here's how to get it. Text the word report to Metals, M-E-T-A-L-S-O 638-257. That's text report to 638-257. Or go to goldencrestmetals.com. There'll be a questionnaire you can fill out. Or call right now 888-991-6222. That's 888-991-6222. There will be somebody waiting on the other line to help you. And I'll tell you this: when you call, they are going to be kind. They are going to be not pushy whatsoever. Their job is not to get you to buy something today. Their job is to give you the information that you need to make the best informed decision that you need to make when it comes to you diversifying or even starting your portfolio. And that portfolio, whether you're starting it or whether you are expanding it, should absolutely consist of precious metals. If I was a financial advisor, I would say real estate's always a good choice. You can touch it, you can feel it, you can keep it in your own safe, you can look at it every so often just to make sure that it's right there. And here's the other part. When you're ready to liquidate, guess who you call? No, it's not Ghostbusters. It's Golden Crest Metals. It's Golden Crest Metals at 888-911-6222. I know I've given you a couple numbers during this show, but those are two separate numbers that you could absolutely get a hold of them. But this one's a more direct to this show. 888-911-6222. That's 888-911 or 991, excuse me, 6222, or GoldenCrestmetals.com, or text the word report to 638257. That's texting the word report to 638-257. And when you're ready to liquidate, you call that number back and you say, hey, I'm ready to sell my silver. But may I just suggest really quick that if that is the case, if you're ready to liquidate your silver and you're ready to reach out to Golden Crest Metals to do that, because they do have a very big buyback uh guarantee for you, if uh if you do that, you're guaranteed to get the highest price back. Okay? So again, one more time, 888-991-6222, or text the word report to 638-257, which spells medals, or go to www.goldencrestmedals.com. Request a free portfolio, a free review, a conversation, no obligation investor kit, and maybe just maybe you'll make one of the best decisions of your life. I can tell you personally that the entire reason that I joined the Golden Crest Medals team was because my wife and I are personally invested into precious metals. And the last two installments of our investment were with Golden Crest Medals. And it comes quick. It comes to your door if you want it to. And if you don't want to carry it, if you don't want to house it, then make sure that when you call 888-991-6222, make sure absolutely sure that you let them know, hey, I'm not so comfortable keeping this myself. What options do you have for free storage? Because they do. They have free storage up to a certain time period. I can't remember exactly what that is. That's why it's best to call 888-991-6222 or go to goldencrestmetals.com. But they do offer uh an extended period of time of free storage. And I also know that that storage facility is in Delaware. So I don't know if you're on the East Coast, Midwest, or uh West Coast, but if you want to visit your uh free storage gold and silver, platinum or platinum, uh you'll have to go to Delaware, in which you can do that. Um you can also have your own, you know, lockbox in your bank, your local bank. My wife and I have chosen to keep it more close to us, uh, but that's your choice to do that, whether you feel safe and secure or not. And Golden Crest Metals does uh offer that. They also offer uh from time to time, you'll see that Golden Crest Metals will offer you, you know, uh a free amount of silver based on your investment or based on your transferring your IRA or 401k. And here's another great thing, too. This company, Golden Crest Metals, uh, there is a way that they can do that without a penalty and without charging you anything, without without making you pay money to transfer from one thing to another. They found a great little loophole uh which saves you a bunch of money as well. Now imagine if you're moving over a large amount from your 401k, uh, you can do it without the fee, and you get, who knows, up to $10,000 of free silver, depending on how big your investment is. Doesn't sound like a bad idea to me. And I will tell you this, as a person who holds it in my hands, I almost feel like Scrooge McDuck without the greedy part. But you know the way he Scrooge McDuck used to play and jump in the gold and jump in the silver and play around. Um there's there's a there's a different feeling that you get when you hold gold and silver. There's a different feeling you get when you hold Palladium and platinum than when you hold a dollar or a quarter. There's just, it's something that's so much more secure. I can't, I cannot describe the feeling other than to say it is a very, very secure investment, okay? Or makes you feel secure on top of being secure. And what better way than that? So again, uh, as I depart, the Crest Report every single week, wherever you're tuning in now, tune in again next week, same time, same place, same channel. And you'll get more of the Crest Report, where we are, why we're there, where we've been, where we're going, and how to become an investor in precious metals. 888-911-6222. That's 888-991-6222, or goldencrestmetals.com, or text the word report to 638-257. Again, that's the word report to 638257. Folks, it's been an absolute honor to be here with you today. I am very, very happy that um that I can be your go-to uh voice as it uh, you know, as it pertains to precious metal investment and diversifying your portfolio. Um, I will always bring to you the facts, the news of why the price is the way it is. And I think the only way to really, really understand precious metals and why the price is where it is, where it's been and where it's going is to understand the underlying reasons, the energy prices, the conflict issues, the tariffs and trades going on, the big banks, the central banks buying up or selling off, people buying or selling out of fear rather than staying calm. What China's doing. It's it's all involved all the time and it's constantly evolving. So please, please, please, please come back next week. I'd love to hang with you. I'd love to talk with you. I'd love to give you a little bit of information and maybe help educate you and help you on your way to making the decision to either get in for the first time or diversify your portfolio with golden crest medals. Have a wonderful afternoon. Um I pray that you guys have a great week. And I am looking forward to seeing you next week, right here on the Crest Report. Have a wonderful evening, everybody. God bless, and we'll see you on the next one.

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You've been listening to the Crest Report, where markets meet reality, brought to you by Golden Crest Metals. For your free portfolio review and free no obligation investor kit, plus up to $25,000 in free silver with qualified purchases. Text the word report to M-E-T-I-L-S. That's report to 638-257, or call 888-991-6222, or visit goldencrestmetals.com. See you next week.