Silver price 200 dollars new logic? Financial writer John Rubino predicts that tech giants will trigger a "mining acquisition wave"

Key Points:

• Credit Cycle or Reconstruction: The simultaneous historical highs in gold and silver prices mark the collapse of the 70-year "credit supercycle," with funds frantically flowing into physical assets due to anticipated fiat currency risks.

• Tech Giants Buying Mines: Tech giants (such as Tesla, Google, Microsoft) are bypassing metal exchanges to directly acquire mining companies to secure silver supplies for new energy and AI hardware, making silver a part of their strategic inventory.

• Industrial Demand Revolution: Samsung's new battery requires 1 kilogram of silver per vehicle, creating an inelastic industrial demand that resonates with monetary hedging needs, leading to a risk of "unobtainable" supply shortages for silver.

• Paper Trading Crisis: The arbitrage gap between East and West is enormous; if physical silver is drained, forcing exchanges like Comex to switch to "cash settlement," it will mark the end of the credibility of the traditional paper silver pricing system.

• Extreme Short-term Volatility: As a large number of short sellers face losses, the market enters a "recession phase," and silver prices may experience a dramatic washout of $20 this week, with long-term targets pointing to $200.

On December 29, the silver market witnessed a historic moment. As silver prices surpassed $83, investors began to realize that this was not merely a simple inflation hedge. Noted financial writer, co-author of "The Collapse of the Dollar," and former Wall Street analyst John Rubino pointed out in an interview with USAWatchdog that the silver market is undergoing a profound logical reconstruction.

Tech Giants: Entering the Market to Buy Mines and the "One Kilogram of Silver" Hardcore Demand

According to Rubino, the core driving force behind the $7 single-day jump in silver prices during "Ghost Week" is no longer just hedging, but the panic-driven scramble for strategic resources by tech giants. He revealed a new logic that could change the mining landscape: silver, as a highly industrial metal, has become a strategic material in the competition for new energy and AI.

Rubino pointed out that Samsung's new solid-state battery is a turning point, " Each vehicle requires one kilogram (1 Kilo) of silver. If this battery performs as expected, charging for 9 minutes will yield a range of 600 miles, the wealthy will go crazy for this car." This inelastic demand is forcing tech giants to change their asset allocation models. He predicts: " Big Tech players need to secure silver now to ensure supply for the coming years. Yes, some of them are already considering purchasing silver mines. This is one of the significant changes we are about to see in the mining sector. Perhaps Tesla will buy First Majestic or a similar mine to secure future silver supplies."

This "buying mines model" signifies the giants' extreme distrust of the traditional supply chain system. Rubino admits that these tech companies with massive cash reserves are shifting from "just-in-time inventory" to "panic hoarding": " Google, Meta, or Microsoft can pay astonishing amounts for commodities when needed. "They will not wait like they did in the past, but will directly buy tons of physical silver and stockpile it... Considering that the silver mining industry is a very small niche, Elon Musk could even buy the entire industry with the 'change' from his wealth. **"

Buying "Real Money" is Due to "Distrust in Fiat Currency"

Rubino pointed out that the phenomenon of gold and silver hitting new highs simultaneously has never occurred, indicating that the long-anticipated "currency crisis" is beginning to show signs.

He stated bluntly: "Funds are pouring into 'Real Money' because people foresee a restructuring of the existing fiat currency credit system. This is a completely different matter and on a massive scale, as after 70 years of a credit supercycle, all the numbers have been severely inflated... What we are currently seeing is just the beginning."

He further explained that the financial system is currently undergoing a phase transition from "financial claims" to "physical ownership." In the future mercantilist system, owning actual resources will be more important than holding financial positions. Rubino noted that the surge in gold and silver is happening while things are still relatively "normal," which means the market is anticipating some "very abnormal" events. He emphasized: "The rise in gold and silver is due to the anticipation of certain anomalies... In the future economic system, the wealthiest will be those who own the most physical assets, not those who hold the most financial claims against others."

Silver Price Aiming for $200 with Extreme Volatility Around $20 This Week

Regarding the future of silver, Rubino provided extremely aggressive price predictions. He believes that in the medium to long term, silver will reset to at least $200, and gold will reach at least $10,000. However, this repricing process will be accompanied by the collapse of traditional trading mechanisms.

Rubino pointed out that silver is facing a crisis of "unobtainability." He stressed: "Silver is showing initial signs of 'unobtainability.' This means that no matter how much you are willing to pay, the physical silver simply does not exist." Due to the huge physical premium in Shanghai, physical silver is being rapidly drained from Western exchanges, which could lead to systemic defaults at Comex. He warned: "If the exchange defaults and says 'we can only settle these futures contracts in cash,' then paper trading will be completely over. We will completely stop trusting them... Why would anyone want a futures contract that only gives you cash in the event of a default?"

For the short-term trend, Rubino cautioned investors to be wary of extreme volatility. Friday's gap up has left many shorts deep in losses, and he quoted Buffett's famous saying: "Only when the tide goes out do you discover who has been swimming naked... The tide for silver has gone out, and we will soon know who was foolishly shorting this market last week."

He predicted that the market will enter a period of extreme turbulence this week, stating, "This week, silver prices may fluctuate wildly within a $20 range... When prices move like this, many 'bad things' become possible." Rubino concluded that, aside from a global nuclear war that could destroy civilization, there are currently no factors that can prevent this return of asset values

Full Translation of Financial Writer John Rubino's Interview:

Silver Foresees the Reconstruction (Demise) of Fiat Currency — Interview with John Rubino

Date: December 27, 2025 (Published on December 29)

Host: Greg Hunter (USAwatchdog.com)

Guest: John Rubino (Financial Writer, Founder of DollarCollapse.com)

(00:01) Host Greg Hunter:

I’m Greg Hunter. Welcome to USAwatchdog.com. The metals market is making history. Silver has recorded the largest single-day gain ever. Silver is hitting one historical high after another. This has never happened before.

Meanwhile, gold has also reached an all-time high. Folks, this is unprecedented in history. This means that something extremely significant is happening in the background. To discuss these records, the soaring prices, and the underlying reasons behind the record high prices of gold and silver, we have invited John Rubino from Rubino Substack. John, thank you for joining us today.

(00:45) Guest John Rubino:

Hey, Greg, thanks for having me. That’s a perfect summary. For the past 20 years, we’ve been discussing how gold and silver had to start breaking records like this, and now it’s finally happening. So it’s really great to talk to you on a day like this.

(01:00) Host:

You co-authored a book with James Turk, and you weren’t wrong; you just foresaw it too early. You predicted the “collapse of the dollar.” And now, if you look at the prices of gold and silver relative to the dollar, the dollar is indeed collapsing. What do you think is hidden behind these record high prices? Some people say, “Oh, this is just a repeat of 2011.” No, this is a replay of 1980. But at that time, they didn’t have the record demand like they do now. What exactly is happening?

(01:28) Guest:

Yes, this time is completely different from the previous two major bull markets in precious metals because this time, the fiat currency experiment is coming to an end. So its scale is much larger. This is far more significant than the previous two. Those two were more cyclical fluctuations—prices fell, and then as people began to worry, money flowed into precious metals, and prices rebounded, which is normal

But this time, it is due to the anticipation of the imminent reconstruction of existing fiat currencies, with funds (Currencies) pouring into "real money" (Real money) at an alarming rate. This is completely different and on a much larger scale, as all numbers have been severely inflated after experiencing a 70-year credit super cycle (Credit super cycle).

So what we are currently seeing is really just the beginning. Although gold and silver have already seen significant increases, they achieved this under relatively "normal" circumstances, right? The global financial system is still functioning, and everyone can check exchange rates, which are similar today to those of yesterday. It can be said that the world financial system is still in a relatively normal period.

However, the rise of precious metals is occurring in anticipation of certain "very abnormal" events about to unfold.

The current situation is that the story of silver is more complex than that of gold. Gold is the kind of money we revert to when national currencies fail. Silver, on the other hand, is more comprehensive because it is also an industrial metal.

The demand for silver from emerging industries is increasing, and there is currently not enough silver to meet this industrial demand, not to mention the investment demand brought about by the simultaneous explosion of silver trading alongside gold.

So the big news from the past week is the "gapping up" of silver, in a way that most people never anticipated, and many even thought was impossible. Just yesterday (Friday), silver rose by about $7 per ounce in a single day. This could be the best numerical performance in silver's history. In the past, when silver was only $4 per ounce, there may have been larger percentage increases, but this is the largest single-day dollar amount increase in silver's history.

Moreover, it rose during "Ghost Week" (the trading lull between Christmas and New Year's). At that time, hardly anyone on Wall Street was at their trading desks because everyone was on Christmas break.

There is much to say about this. But one thing we must keep in mind: trading will reopen in two days. This huge gap between the prices of physical silver and paper silver means that for every long position in the futures market, there is a corresponding short position, right?

This means that a large number of futures contracts are currently in a severe "underwater" state. Many large shorts—those betting on a decline in silver prices—are facing huge capital requirements to cover their accounts, and some will not be able to afford it.

This may be why silver prices surged so dramatically on Friday: some may have received margin call notices but could not meet them, leading to bankruptcy, though we have not yet received the news. On Monday, a major bank may report shocking news. This is why we are seeing such a gap up in silver. I do not have a specific list of banks, but this market dynamic suggests that something has already broken, and the news just hasn't come out yet

(05:13) Host:

Even if nothing happened on Monday, some things have already broken or are breaking. I mean, just because it didn't make the news on Monday doesn't mean these guys are in the clear, right?

(05:27) Guest:

Yes, no one can predict what will happen in the coming week, except that there will definitely be significant volatility. I can assure you that after a few weeks of wild fluctuations, silver will experience substantial volatility this week.

Because you still have to face the arbitrage issue: the trading price in the Shanghai physical market is much higher, I remember it's about $90/ounce now. Meanwhile, the prices on Comex (New York Mercantile Exchange) and other paper trading exchanges are only $79 or $80. Typically, in a functioning market, this price difference would disappear through arbitrage—meaning you buy futures contracts on Comex, request physical delivery, and then transport the silver to Shanghai to sell, earning a risk-free profit of $10. This situation has been occurring, but the scale is not enough to close the price gap.

(06:24) Host:

These guys really need to have physical silver to carry out this operation, right? Isn't the problem that they simply don't have the goods?

(06:33) Guest:

That is likely the explanation. People want to arbitrage, but there isn't enough silver in the paper trading exchanges to offset the demand in the Shanghai market. They can't obtain enough silver from the dollar zone and London to sell over there, so they can't push the price down. I think that's a big part of the reason.

(06:56) Guest:

This also leads to the possibility of a "default" in the paper silver trading exchanges. Because when all the silver is drained, the exchanges will start saying, "Well, for these futures contracts, we'll just pay you in cash."

If that happens, it would basically be the end of the paper trading exchanges. Because we would completely stop trusting them. If an exchange shamelessly defaults and then refunds you with paper money, while you could have earned more with physical delivery, who would want to hold long-term futures contracts?

So this is another major event that could happen next week (the week of the 29th, this week). When you see prices fluctuating like this, many bad things become possible. Because various short sellers are in different predicaments, and you don't know their specific situations. You don't know if they are already bankrupt, negotiating a big acquisition, or waiting for a large institution to take over. This insider information is known only to the parties involved.

This means you might see silver "lock limit" on the Shanghai Exchange, but elsewhere, the paper trading exchanges start playing their historically usual games. Typically, when a commodity gaps up, the exchanges will raise margin requirements and limit the position size that any single entity can hold to prevent a super whale from coming in and buying up all the physical goods

Next week (the week of the 29th, this week), they will almost certainly play this game. This usually works, forcing investors to close their positions, thereby driving the price down. So, next week (the week of the 29th, this week), silver may drop by $20 or rise by $20, and it is impossible to predict in advance. This is an interesting moment, but also a moment full of uncertainty, and it will be very painful for those giants who are on the wrong side.

(09:37) Guest:

But you have to know that all of this is just a game now. It has little to do with the fundamentals of the market, while the fundamentals of silver are phenomenal. There is simply not enough silver to meet the demands of the military-industrial complex, solar panel manufacturers, and electric vehicle companies. Greg, have you seen the new type of electric vehicle battery that Samsung recently launched?

(10:00) Host:

That's a silver core battery. They need a lot of silver to make it work.

(10:05) Guest:

Each car needs one kilogram (1 Kilo) of silver. This battery performs exceptionally well. It is said to provide a range of 600 miles with a 9-minute charge. The wealthy will go crazy for this car. Although the car will become more expensive due to the silver in the battery, if you are already planning to buy a high-end Tesla or luxury car, you will want this. If Samsung's promotion is true, then this car is amazing.

(10:40) Host:

Stealing this car would also be quite profitable.

(10:43) Guest:

(Laughs) Yes, that's right.

(10:44) Host:

After all, there is one kilogram of silver inside.

(10:46) Guest:

If you calculate silver at $100 an ounce, how much is one kilogram of silver worth? About $30,000 (Note: Actually, 100 ounces is about $3,000, this is either a slip of the tongue by the guest or a joke/estimate about high silver prices). In any case, it’s definitely worth selling.

(11:01) Guest:

In the past, people stole catalytic converters from gasoline cars; in the future, they will steal the silver from batteries. Although technically extracting silver is not easy, this will give rise to high-end crime.

Back to the point, this creates another huge demand sector for silver. And the supply of silver is not sensitive to this because most silver is a byproduct of mines like copper mines. It takes a long time to mine a new copper mine, so even if silver prices rise, the mining industry cannot immediately flood the market with a large amount of new silver.

On one side is the skyrocketing demand, and on the other side is the extremely limited supply; these two forces are colliding head-on. This does not even account for its monetary properties. If silver were not a monetary metal, it would still be a great story in the commodity sector. And it just happens to be a monetary metal.

We have been discussing this for at least ten years, right? The story of silver has always been good, but as we destroy fiat currency and new technologies emerge one after another, this story becomes more and more exciting. Now we have reached this point: **Because various industries foresee the future need for silver, they have decided to replenish their inventories now They no longer operate on a "Just-in-time" inventory system like they used to—where you could call and have goods delivered in two days. It's not like that anymore.

If you are Tesla and you need a lot of silver, you would buy tons of physical silver right now and stock it for use over the next year.

(13:20 - 17:09 Advertisement segment: Promotion of batteries, satellite phones, Faraday bags, and Starlink services from Satellite Phone Store. Host Greg introduced the importance of high-capacity batteries, satellite communication devices, and Faraday bags that shield tracking in case of power outages or emergencies. It was mentioned that while Starlink Mini is useful, it lacks customer service, whereas Satellite Phone Store can provide professional customer support.)

(17:09) Host:

Back to John. Could the default situation mentioned earlier happen? I mean, gold and silver have both reached historical highs, and there is so much "naked short selling" going on that no one actually has the physical metals. Traders must be panicking. What about gold? Doesn't gold have similar short claims? Are we not facing a "failure to deliver"? This is what Holter and others have been talking about.

Could this failure to deliver lead to bank bankruptcies? Is it possible that banks could be in trouble at the beginning or end of this year? Or have they already gotten into trouble?

(17:46) Guest:

It's possible. We really don't know how this will end. But you can think of the metal exchanges (paper silver exchanges) as "fractional reserve banks."

They only hold a certain amount of metal, but the number of futures contracts sold is much larger. Because they assume that most contracts won't demand physical delivery, they don't need to hold that much inventory. But just like banks, if everyone suddenly wants to withdraw their deposits, or in the futures market, if everyone demands physical delivery, then the amount of metal is simply not enough.

If it's a small bank, it just closes down. If it's a metal exchange, they can only "default" in some way, usually by paying you cash. They will refund you and say, "Go home, pretend this never happened."

(18:44) Guest:

This happened when nickel prices skyrocketed. After the price of nickel surged, the exchange did not pay those long contracts that would have made them rich but instead canceled all contracts outright. You could have made a lot of money with leverage, but they just returned your principal, and that was it. The exchange escaped sanctions, but the market received the signal.

(19:22) Host:

The nickel price was rising exponentially at that time, right?

(19:25) Guest:

Yes.

(19:27) Host:

Will the same thing happen with silver? Will silver and gold rise exponentially, like 5, 6, 7, or 8 times?

(19:36) Guest:

This is a signal from the market indicating that there isn't enough metal to meet demand. If you need this metal to make something and can't buy it, you'll have to shut down your factory, leading to "panic buying," and prices will soar.

Silver will experience this situation. Gold is slightly better because the gold market is larger, and almost all the gold ever mined in human history is still around. It's in vaults or jewelry boxes. So, gold is less likely to see extremely large gaps in price—unless the dollar starts to plummet uncontrollably. When currency devaluation spirals out of control, gold could surge to $10,000.

But on the silver side, the immediate supply and demand is a deadlock. Next week (the week of the 29th, this week), we may receive very serious signals. While the specific insider information is unknown, there are certainly people in deep trouble. On Friday, a large number of shorts were completely "underwater."

(21:02) Host:

So it's certain that some big player is facing major trouble.

(21:09) Guest:

Either a big player is suffering huge losses, or many small players are. We don't know if this will lead to bankruptcies. But statistically speaking, if there are 1,000 shorts, when the market reverses, some guys will definitely be undercapitalized and will go bankrupt. This is a deadly threat for those players who are over-leveraged in the market. As Buffett said, "Only when the tide goes out do you discover who's been swimming naked." Now that the tide for silver has receded, we need to see who was foolishly shorting this market last week.

(21:59) Host:

So you think a series of bankruptcies will happen? Will there really be defaults?

(22:14) Guest:

I think it’s possible. The conditions for a severe default are already in place, but the timing is uncertain. You also don’t know what the government is doing behind the scenes. Maybe some kind of bailout is already in progress. Just like when Silicon Valley Bank went bankrupt, the government stepped in to guarantee all deposits to ensure no other banks collapsed.

Silver is a strategic material, and the government may intervene. But everything is still unclear; this will be very stimulating and very unpredictable. Some crazy things might happen, or exchanges might force longs to close positions by implementing new rules, thereby suppressing the situation. We are still uncertain.

(23:12) Host:

If that's the case, then even the futures market is gone. If there are too many restrictions, what’s the point? I see Samsung is considering reopening silver mines because they can no longer trust the futures market. Quail says we are witnessing the end of the futures market; what do you think?

(23:37) Guest: For many years, "gold bugs" have been saying: one day, physical assets will determine pricing, and paper players must follow. This is now happening.

Part of the reason is that "globalization" is retreating. In the past, we could source from around the world and have it delivered immediately, which is called "just-in-time inventory." But now, we are returning to a more "mercantilist" economic system. This means: the countries with the most physical assets will be the richest, not the countries with the most financial claims.

Many industries foresee this and do not want to be left without goods to sell, so they are stockpiling inventory—not just gold and silver, but everything. International business is undergoing a "phase change," and everyone is starting to rebuild inventory.

(24:25) Guest:

In the silver market, this means that the guys manufacturing solar panels or electric vehicles will no longer assume they can buy silver whenever they want. They need to buy it now. They want to ensure they have a secure supply for the coming years.

Yes, some of them are starting to buy silver mines. This is one of the major changes about to happen in the mining sector: for example, Tesla buying First Majestic or similar mining companies. Tesla is acquiring a large silver mining company with multiple mines to secure future supply.

(25:31) Host:

That's very interesting.

(25:35) Guest:

This is a big deal for investors in silver mining stocks. Because now you have some deep-pocketed players wanting to buy what you have. Google, Meta, or Microsoft can pay crazy prices when they need commodities because they have more money than most governments.

Due to this inventory buildup and panic buying, the entire commodity sector is becoming very interesting. And some deep-pocketed players might actually buy entire silver mining companies. You have to understand, this (silver mining) is a very small track. Elon Musk could buy the entire industry with the "change" from his personal wealth.

It seems like this happened overnight, but it has actually been brewing for a long time. Commodities are a great investment direction, and silver now looks like the best variety; it is likely where panic buying will first erupt. Monday will be a very important day.

(27:06) Host:

Eric Sprott said a few days ago on the show that due to suppressed mine supply and soaring demand, silver prices will soon reach $150. Do you think this is just the beginning of a repricing upward? Just like nickel, which increased 8 or 9 times in a few months.

(27:46) Guest:

We are basically repricing everything at the level of precious metals and commodities, and this is just the beginning. For example, in order to meet the demand for data centers, grid upgrades, and electric vehicles, the amount of copper we need to find in the future is equivalent to the total amount mined in human history before this. ** This is almost impossible to happen.

Because the easily accessible copper has been mined out, new mines are not only large in scale but also highly invasive, and no one wants to live next to a copper mine. Many places around the world face political troubles whenever they try to build large copper mines. A global largest copper mine in Panama was recently shut down by the government due to intense environmental protests. Therefore, we cannot obtain enough copper to support the current plans.

What does this mean? It means that prices must rise significantly to incentivize people to find copper while forcing lower-priority users to seek alternatives. This is a slow process. It means higher prices and more valuable mines.

(29:27) Guest:

Uranium, platinum, and palladium are the same. These stories sound too perfect to be true, but the mathematical logic is there. Either we enter a global depression, stop AI, halt grid upgrades, and cease electric vehicles and solar energy; or we exhaust resources, and prices skyrocket. It’s a binary situation.

It seems that we will escape the debt crisis through "inflation," thus avoiding a depression. But this will lead to a huge new demand for these commodities. So, if you already hold commodity stocks, you are in a good position now.

(30:19) Host:

Martin Armstrong once told me that capital would flow in advance before geopolitical conflicts erupt. He mentioned that funds are moving from New York to Singapore because Singapore will not stop Europeans from buying gold, while the U.S. might. He believes that war will be a significant variable. Do you think war is a driving force for the rise of gold and silver?

(31:20) Guest:

Yes, we seem to be stumbling into a crazy geopolitical period. As the old saying goes, "When all else fails, they will take you to war." This is the last strategy of corrupt, inefficient, and failing governments to keep the populace obedient—create a foreign enemy and then say, "Only I can protect you from that bad guy, so let me take power."

Europe is now almost engaging in "cultural suicide" on multiple fronts. The U.S. is concerned that many European countries may become nuclear-armed "Caliphates" due to demographic issues. This is very frightening and will instill fear in everyone. So the U.S. is clearly preparing for the day when Europe is no longer an ally.

Can you imagine a war between the U.S. and Europe? This was once unimaginable in our lifetime, but now people are thinking about it. Europe also wants to go to war with Russia, and the U.S. may be dragged into it. China is also actively expanding. Geopolitical issues themselves threaten the existing order. With the madness of those in power, the military competition will become another huge source of silver demand due to the consumption of precious silver in precision electronic devices like missile guidance systems.

(33:56) Guest:

All roads lead to higher precious metals. The only exception is "global nuclear war" extinguishing human civilization. Excluding that (or aliens arriving with new technology), everything happening in the world points to weaker currencies and higher precious metal prices The long-term story for gold is excellent, with silver following closely behind.

(34:33) Host:

You mentioned Europe turning into a caliphate, which is probably what Vance referred to. Now in the UK, you can't even express any opposing views about Muslims online, or you'll get arrested. It's terrifying; they are suppressing freedom of speech. Trump is trying to avoid this quagmire. Martin Armstrong said Trump wants to avoid World War III. If he can do that, he will be the greatest president in history (at least in modern history). Because Armstrong said if Europe goes to war with Russia, Europe will lose.

(37:39) Guest:

For a long time, we have been stumbling towards World War III with another nuclear power. The powers that be want to force Russia into a war they think they can win. But I don't know how you plan to win a nuclear war. Maybe they think no one will use nuclear weapons as long as they win the conventional war. I don't want my children to turn to ashes because of a country that 99% of Americans can't even locate.

I hope Trump can solve this problem and avoid nuclear Armageddon. If the U.S. withdraws, it seems the Europeans still want to fight.

(38:32) Host:

Just like Germany against Russia back in the day. That didn't end well.

(38:35) Guest:

(laughs) Yes, that didn't work out.

(38:36) Host:

The Italians also don't want to get involved. There are Nazi-symbol units over in Ukraine.

(38:50) Guest:

There are still some clear-headed people in Europe, like the leaders of Hungary, Poland, and Italy, who have a better sense of national interest than the French and German governments. I hope their influence can grow. The leaders of the European Union have been wrong about almost everything.

If there is no war, all financial logic holds. If missiles start flying, then everything is off the table. I hope we can get back on track to doing productive things.

(40:23) Host:

By this time next year, where do you think gold and silver prices will be?

(40:34) Guest:

When volatility reaches this level, it's hard to predict specific numbers in the short term. In the long term, gold will be at least $10,000, and silver will be at least $200. This is the medium to long term.

But in the next year, there could be a massive pullback. If silver drops to $40 by the time we talk next, that would be a "buy the dip" opportunity.

(41:06) Host:

I bet it won't pull back. I bet there will be defaults and delivery failures. There are also $20 trillion in derivative contracts. Jim Sinclair once said that if delivery fails, the contracts are worthless. Just like when AIG guaranteed Goldman Sachs' credit default swaps, AIG collapsed, and in the end, they got an $80 billion bailout

(42:19) Guest:

The overall trend for silver and gold is extremely positive. However, there will be stomach-churning sharp corrections during a bull market. When the gains are substantial, there will be profits to lock in, leading to a cascading sell-off.

Therefore, I am cautious about the prediction for "within a year." The bear market in the stock market may temporarily drag gold and silver down as well. But in the long run, we are destroying fiat currency and depleting commodities. These two trends have decades of vitality.

The investment strategy is: Do not over-leverage. Don’t rush in with all your funds just because you hear "silver will rise to $200," as it may first drop to $40. You should gradually buy high-quality assets, purchase physical assets you trust, and buy in batches (Dollar cost average). This is the only way to make big money.

(44:08) Host:

You have written about Tesla on Substack. Musk just won a lawsuit in Delaware and secured a compensation package of over $50 billion. Can he buy a silver mine with that $50 billion?

(44:26) Guest:

He could buy the entire silver mining industry with $50 billion. He could buy them all. That’s very interesting.

(44:47) Host:

Finally, please talk about "Unobtainium." Will gold and silver become like that?

(44:47) Guest:

This term refers to the complete disappearance of exchange inventories. You want to buy, are willing to pay a high price, but the goods are gone. The silver market is facing this possibility: big players have bought up the inventory, and small players can't get the goods at all. If you already have some silver coins and silver becomes an "Unobtainium" asset, you will instantly become part of that 1% wealthy class. We have already tasted this trend last week.

(45:59) Host:

John Rubino, talk about your Substack.

(46:12) Guest:

At rubino.substack.com, there are actionable suggestions regarding investment portfolios. I have several commodity investment portfolios that have performed excellently over the past few years. If you want to become a commodity investor, you can start from there.

(46:39) Host:

Thank you, John, for joining us. We are on the eve of a major trend in silver and gold. Both the price increase and the price itself have set historical records. We are on the brink of something big, do you think so?

(47:09) Guest:

We are at the center of something big, and it will get even bigger.

(47:13) Host:

Thank you. That is John Rubino.

(47:23 - 49:43 Host Greg Hunter's closing remarks: Thanks again to the guest. Remind the audience to prepare physically, mentally, and especially spiritually. Call on everyone to pray daily for divine wisdom and protection. Quote teachings from the Bible about the end times, encouraging the audience to maintain faith. Thank readers for their donations and comments of support.)