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Foreign,
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Everybody. I'm Dr. Brian Artis, this is the Dr. Artist Show. And this is a financial update with only one of few people I've ever heard of in my Life who have two PhDs, one in economics and one in finance, and that is Kirk Elliot, PhD. So if any of you were a part of this amazing, I guess, before the weekend, SpaceX IPO, congratulations. I mean, there's a lot of people. Elon Musk is now supposedly, per American media, the richest man in the entire world. The first ever trillionaire. Anyway, if you're not a trillionaire, that's why you're here. You're about to learn what, what you need to know to make sure. In this day and age where almost everything, health, finance, family, I mean, just simply living, having a job, maintaining a job where security is in doubt 24, seven, in almost every aspect of life, this is where Kirk Elliot comes in, you know, to calm us all down. Kind of like I do with people who have stories of their own health crises in their own home or family or friend relationships. My job is to help curb those for you and give you some solid answers, solutions, and make sure you're aware that the immune system can do just as God designed it. Now, as you have been preparing, saving, collaborating with family, friends, spouses, children, you name it, to try to preserve and maintain wealth, that's why Kirk Elliott's here. He does it for me. He does it for my family. So let's bring Kirk Elliot back on the screen. You guys know him, we all love him. Hi, Kirk Elliott. How are you, buddy?
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Good, Brian. How are you doing?
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Doing great. It's great to see you. Tell us about what's going on in the world of finance here. Elon Musk is the new talk of the town, the first trillionaire in America, the. That I'm aware of, or maybe in the whole world. I don't know. I think there's probably a whole bunch of Saudi Arabian kings, oil tycoons that don't report to the irs. So we don't really know what they're worth, but I think there's probably some other trillionaires in the world. All right, but bring us up to speed what's going on in the world financially.
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A
I mean, I would say that the Rothschild's family is probably trillionaires. It's all off the books. Right. But when you own 80% of the banks in the world, you're going to be up there. But Elon is like a legit. So there you go.
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Yes.
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I mean, things are Wild right now, right? And so, so the last time we did a show, the Iran conflict had started, right? And so for month, that was in February. For months I've been saying, as soon as this conflict is over, you'll probably see silver at $100 an ounce again within a month, right? Because last year, what did silver do? It went up 147%. Why? Supply and demand, right? It's like you have low supply, high demand. It's used for manufacturing and everything other than, I mean, oil is still the number one commodity on earth because it literally is used in just about everything. But silver is number two in my opinion, with AI chips and cryptocurrency, mining and solar and electric vehicles and batteries and all electronics. I mean, it's used a lot. So if it's that much demand, why would the price come down, right? Well, because of the Iran conflict. It put a pause on it. So January 30th, silver was like $120 an ounce. It had a 50% correction. It came down into the As I
- [03:22]
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bought a whole bunch that day, it was the highest. I was so excited. I was like, hey, buy a whole bunch of this. And then it went tanking down. Okay, come right back. Don't worry, it'll be back.
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It'll be back, right? So, so, you know, during that time in the build up, I had so many people saying, well, Kirk, I missed the boat, man. Look at how high it is. It's like $90 an ounce. It's $100. Now, you know what, you got your wish, right? Because it came down. But here's the thing. The Iran conflict was just noise, right? It was noise that caused it to come down and go sideways for a while. Because fundamentally nothing changed the, structurally nothing changed in the gold and silver market. In fact, I would say demand is even higher. So, so here's where. Why did that happen, right? So why would it kind of come down and go sideways is because the global narrative changed to interest rates and inflation. And so, so normally during times of geopolitical conflict, inflation, gold and silver go up. So why didn't it this time? Because every single conversation that we heard on Squawk Box or CNBC or whatever was like, boy, the Fed, they can't lower interest rates. And gold and silver generally don't do good during times of higher interest rates. So we need them to lower. And that's not going to happen with this inflation. So the talking points in the narrative shifted from what really matters to the noise of the just interest rates only Right. So this is why I was saying, as soon as this conflict ends, the focus is going to go back to what really matters, which is supply and demand. So over the weekend we were all watching, oh, sports, right? Whether it was the Stanley Cup Finals, the NBA Finals, the UFC fight at the White House. I mean, a lot of sports this weekend. And during that Sunday, it's like, what did Trump do? Basically signed a peace deal with Iran. Right. So a lot of people, I mean, it's a big deal, but it wasn't the talk of the town, Right. So, so we've heard peace deals before. This one seems to have some, some substance behind. Right? So you've got Iran, that's agreed to it. The United States agreed to it. Trump says, hey, ships, start up your engines. Right? Because we're going to open up the strait. Now, the only thing that could put a pickle in that is Israel and Hezbollah, Right. If they decide, well, we're just going to keep bombing the living daylights out of each other, well, that, that might put, you know, cause it to go sideways a little bit longer. But I don't, honestly don't think that that's going to happen. Because what happened, you know, the day after Sunday, you know, Monday morning is silver's up like 4%. It's up. Literally went from 67 to 71. Exactly what we've been talking about would happen when this conflict ends, gold and silver are going to go up again. Now, what are some of the fundamentals behind that? Well, you've got country after country after country that's debasing their currency. They're just printing money like there's no tomorrow. Well, that's inflationary. Right. You've got, not just oil. Isn't the only thing that was having inflationary pressures because the Strait of Hormuz being closed. So is food, like, how could food. There's not that much food that comes out of the Strait of Hormuz. No, but fertilizer does. No, the world's majority of fertilizer comes from the Middle East. It goes through that strait. And even if it opens up on Friday, when they sign this deal in Switzerland, estimates are there's a 270 day backlog of ships getting their stuff to where it needs to go. A lot of that's fertilizer. What did you just miss? An entire growing season globally, Right. Where the yields aren't going to be as much as normal. Well, that's going to cause food inflation. Right. So there's other inflationary pressures other than just oil that are going to take a long time to recover from. So here's where, you know, the, the shift on the price of oil came down 6% after, after Trump made this announcement on Sunday. So now the talk is, okay, let's, we don't have to talk about, you know, rising interest rates anymore, but are they going to lower? No, I don't think they're going to lower anytime soon because of all the other food, inflation. So, so here's where the talk now goes back to truth and reality and stops focusing on the noise and it goes back to supply and demand, which is why I think gold and silver do quite well now. This week, Kevin Warsh has his first announcement as Fed chair. What's he going to do? Right, so he's not going to be the guy that goes in there and either raises or lowers interest rates and kills a market on his first day. He's not going to do that. So he's just going to stay steady. I don't think he's going to do anything. He's got it just like us. He wants to see if this Iranian thing is actually the real deal this time and then he'll decide down the road. So nothing is going to happen. But. But he's going to keep rates consistent, higher for longer is my guess. Right. But again, the narrative isn't going to be on interest rates anymore. The narrative is going to shift to what really matters, which is inflationary pressures. Things go up with inflation. Gold, silver, bicycles, eggs, groceries, everything goes up with inflation. Right? So therefore you want to own things. Now, this narrative of interest rates. So this is why I think it's going to shift, Brian, because normally if you've got high interest rates, the cost of borrowing is that people don't have enough money to spend, so they stop investing. So higher and lower interest rates really impact the stock market a lot because it's a stock, it's not needed for manufacturing, like gold and silver, like silver is. Gold's not needed for manufacturing either, but silver is. So when you have interest rate cycles, it's really going to impact the bond market and the stock market now. So here's the narrative coming out from Squawk Box and everything else is like this interest rate story. This is a problem, right? And that's a day trading mentality. They're traders, they focus on these fluctuations and this volatility that we've seen in the markets. This crisis has been horrible for traders. But you know what? It's an opportunity for investors because fundamentally, nothing changed. So the People that are saying all this stuff, they're. It's a trader's mentality, not an investor's mentality. Right. And so when you invest, you're investing for the medium and the long term. You're generally investing for retirement. Right. And so you're not in and out every single day. You just want to be in something that's wise and prudent where you can minimize your risk and maximize your return. You know, I'd equate it to this. Say you're a parent. You don't treat your kids like a day trader. You know, they have a good day and a bad day and you're just going to get rid of them over time. No, it's not going to happen. You invest into your kids and, you know, while they're growing up and you're teaching them in the way that they should go. And in time your investment is going to pay off in spades because at some point your kids become 18, they become adults, and all of those decades of investment that you put into their lives is going to bear fruit. That's the investment mindset that we all need to have for retirement. We're not traders. If you're a day trader, don't listen to what I'm saying.
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If you're listening to this rule.
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Yeah. If you're an investor, listen to what I'm saying, which is supply and demand matters. It's the most important universal law of success in investing ever. Right? So, so here's where bank of America, I want to, I want to give everybody kind of a little warning, right? So bank of America bank, they're not hard asset company. Right. But, but Hartnett, the head of bank of America, he just came out with his research report, says inflation is going to be CPI. Inflation is going to be 5% by December. That's a lot more than what it is now. Right. So with higher inflation, you're going to have the propensity for interest rates to not come down. This is why I don't think we. Let's just say we get a quarter point rate reduction here because the war is over sometime over the next six months, but they're going to have to go up after that, which is going to put a pinch on the US Domestic economy. Now, let's look at some. What, what kind of amplifies my point there. It's. Let's look at some danger areas in the US Economy. To me, it's the bond market and the stock market. So how do we know? Look at the capital inflows and outflows into those markets. So crypto, for example. Crypto has had $6.6 billion of outflows over the last five weeks. Like what are the people doing with their crypto? Why are they pulling out almost $6 billion? They're putting it into AI stocks, right? Because all of a sudden I looks better, right? It's like, wow, we got to take advantage. This is fear of missing out, Right? And so. So over the last week, The S&P 500 hit an all time high. Was that because 500 stocks are all hitting all time highs? The S&P 500? No, 20 of them did. What were those 20 stocks? They're all AI stocks. So the S&P 500 hit an all time high because 20 shares hit all time highs. That's a very thin bull market, which means it's very easy for that thing to burst into bust, right? So, so when was the last time you saw markets hit an all time high with. It was very thin bull market. It was in 2000 in that bull market when tech stocks hit all time highs. It was only 20 of them, the exact same number that hit all time highs. And then tech stocks corrected 80%. 80% correction. It was a doozy. Well, we're seeing the same kind of market fundamentals now where all this money is going into the stock market. For example, US equities, $17.4 billion inflow into equities. Emerging market stocks, $4.5 billion inflow. Tech stocks, $12.3 billion inflow. There is money going into the stock market like crazy, which is why Elon Musk's ipo. Best timing in history, right? I mean, I mean, irrational exuberance because there's not revenue behind it. It's not like you and I are spending a ton of money because we're fat and happy, right? This is, this is money leaving other asset categories going into there, or it's stimulus money that's keeping popped up. It's irrational exuberance. But the stock market, the only way it can stay up if it's fundamentally true revenue, meaning you and I are going to Best Buy and we're spending money that's true revenue that's not there. It's literally not there. And with rising interest rates, the real estate market's going to get hit pretty hard, right? This is why this is so important that Trump can end this Iran conflict to help stave off some of the inflationary pressures. It needs to be done and it needs to be done now because if this were to go on for another six months. It would take probably two years to recover from that backlog.
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I agree.
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I mean, so it needed to be done. And I wish this wouldn't have lasted as long as it did, but it did. Right? But people get all bent out of shape that, you know, Trump made this last longer. It's like it's been going on since February. Conflict in the Middle east has been going on since Isaac and Ishmael in the Old Testament. But in reality, there's been numerous presidents, you know, going back 40 years that did nothing about it. Nothing like literally nothing.
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Go back to Iraqi Freedom. Right. Go back to Desert Storm, go back to Jesus. It's been going on for 50 years. Years almost.
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Yeah. So here's the thing. When you have a Middle east crisis, what's always involved? Oil. So whenever there's a crisis in the Middle east, oil spikes. And what happens at the beginning of those crises? Gold and silver come down. They always come down during this because of the inflationary pressures, the interest rate story. But then at the end of the crisis, what happens? Gold and silver hit all time highs, not just higher than they were, literally all time highs. And you know, you're, you're a doctor and there's, you should never say never and never say always. Right. Nobody ever should. But this is one of those times where always, when a Middle Eastern conflict is over, gold and silver hit all time highs. I mean, you go back to the oil embargo of 72 or the Iranian, you know, hostage crisis in 79 with the OPEC crisis, or you go back to 9, 11 in 2002, you go back to all of these. Gold and silver came down at the beginning, hit all time highs when it was done. This is so eerily similar because it's the same geographic part of the world. It's the same story. Oil is involved. And so they talk about inflation, they talk about interest rates to slow down that inflation. Now they say, Kirk, why didn't, why didn't you tell us gold and silver were going to come down? Right. Well, nobody knew that this was going to last four months plus. Right. It shouldn't have.
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Give you some kudos because last year I asked you about buying gold and you were like, no, no, no, just wait till 20, 26. In that year it will come down. Yeah, it was really funny. You actually, you said that without even knowing about this Iran war. It was good.
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Yeah, Well, I mean, because everything goes through a correction, right? You'll have two steps forward, one step back. It consolidates Two steps forward, one step back, it consolidates. That's normal in any bull market. Now, what the Iranian conflict did is it forced the issue, right? So. So it corrected, went sideways for a while. That, that sideways action acts like a new springboard for the next leg up. It's like the new platform, right? So four years ago, that platform was at $18. The beginning of 2025 was $28. Now the new platform is at like 70. Right. So you're going to have this big leg up. Right. And so to me, this is very exciting in the sense of if you're allocated properly, this kind of correction that we had, this sideways movement that we've had, is the setup for the next leg up. It's not a setup for the next leg down, it's a setup for the next leg up. Because fundamentally, nothing changed. To me, this is exciting. It's exciting if you're allocated properly.
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I've actually asked some people privately, when we hit like $120 an ounce in silver, I was like, so how are you feeling about this? It was going like 101, 105, 108. And I was calling these guys who had told me for years to also buy silver outside of you, and I would ask them, so how. How you feeling about this? And they're like, you ain't seen nothing yet. That's exactly what they all said. You ain't seen nothing yet. Just enjoy the ride. This ain't even close to being over the value of silver. So they. They're all sitting put to and very excited about the opportunity. And these adjustments are just a part of the game. And anyway, well, appreciate that perspective. Yeah.
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And it's not just. It's not just me. It's not just people like Andy Schectman, and it's not just people that talk about gold and silver on podcasts all the time. Right. And who are experts in the commodities arena. We're talking bank of America. Where do they think silver is headed? Their projections? $309 an ounce by the end of the year. Goldman Sachs, JP Morgan, all above, 150 by the end of the year. These are big international money center mega banks, Right. So when the Iran conflict started, they didn't scratch their beards and say, oh, we need to reassess. We think that silver is going to go down to 50. No, they never change their tune. Still, $150 to $300 a year announced by the end of the year. I haven't changed my tune. Why? Because they know that the conflict will end and it was just noise. And when it ends, the trend resumes. That's why when the conflict started, they didn't change their projections at all. See, we need to take note of that because.
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Very telling.
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Yeah. When the fundamentals don't change, then you shouldn't change.
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This is why I like interviewing you for these updates, Kurt. Because you know the old adage, if we don't look at history or study history, we're doomed to repeat it. If we don't look at the history of oil, Middle east conflict and what gold and silver did then at the beginning of those conflicts and then hitting all time highs afterwards. If you didn't know that history, which I actually did not know that history. Thank you for bringing that up for me. If we don't study the history of oil conflicts and gold and silver pricing, you might miss out on this great opportunity that might be coming up. As we literally say, always. We have seen always. Anyway, it has been a repeated thing that we've just learned from you. I really appreciate that.
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All right.
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Anything else you think people need to look out for right now or pay
- [21:32]
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attention to get excited, really? It's geopolitical issues. Always. Supply and demand, always. Well, it looks like the geopolitical issues are subsiding. If they, if they don't. If Israel and Hezbollah decide we're just going to keep going at each other's throats for a while, then what does the projection do? Nothing. The projection is still the same. We just have sideways action for a little while longer. It gives you more time to get in at these lower prices. Well, let's just pray it's over. I mean, higher gold and silver is not the only outcome from ending the conflict. So are saved lives. Right. So is a lot of things that are going to change. War is not a good thing. But you know what? You can't have Iran, a rogue terrorist nation, in control of Strait of Hormuz and in control of their enriched uranium. Right. It's like, what are they going to do with that? Right. So this is why Trump needed to do something. Just wish it could have been done quicker. But at least it got done right. People come again. People complain so much that it took four months to solve one of the biggest issues that has been around for decades. Don't complain about that. It took four months.
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It's almost over. Hopefully. I know there was a peace treaty signed, at least a deal looming yesterday, which is exciting.
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At least we're getting closer.
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At least we're getting closer. That's right. Well, Kirk, I really appreciate the update, and I appreciate the keeping everybody's eye on the prize, not freaking out, not panicking. Just remember, this is the long game that Kirk Elliott is invested in educating us all on. So this is a long, long game. And for all of you that are just day traders, just know this information did not apply to you. You need to go elsewhere.
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That's right.
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This is for those who want to establish wealth, grow wealth, and have assets that you don't have to worry about for a long, long time other than growing. So I appreciate your input there, Kirk. All right. For all those at home still wondering, hey, I think I might be ready now. As I've watched the numbers come down, I've learned this history. Maybe it's going to come back up. Who do we call and who do we talk to? Kirk, give me your number.
- [23:38]
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So just call us at 720-605-3900. That's 720-605-3900. Or you can go. What is your link, Brian? I don't even know what your link is.
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Kirk Elliott.
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It's kepm.com.
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there you go. Slash, forward, slash. Artists.
- [23:57]
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Artists, yes. So where you go? Either go there or give us a call. Say, call that number.
- [24:03]
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If you can't look it up that way, just call and call that number he gave you and say, Dr. Artis referred me. Bring it on. Here we go.
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Exactly. We're here.
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I'm here to save lives, improve lives. You're here to save finances, save accounts, and save posterity. It's great things you can hand down to those below you, which is exciting. All right, Kirk, hang on. Don't go anywhere. I'm just going to log off here. I'm Dr. Artis. We'll see you next time. Kirk, thank you very much for the update.
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My pleasure.