Bill Meyer Show Podcast - Sponsored by Clouser Drilling www.ClouserDrilling.com - 10-22-25_WEDNESDAY_7AM

Episode Date: October 22, 2025

Measure 15-238, vote for it as a defensive action? Wouild the Right go nuts if Kamala was doing the Trump WH remodel? I take your calls on that, Mark Hutto talks the gold market craziness, too.

The Bill Myers Show podcast is sponsored by Klausur drilling. They've been leading the way in Southern Oregon well drilling for over 50 years. Find out more about them at Klausor drilling.com. Happy to take your call, 7705633-770 KMED. It is open phones, anything that happens to be on your mind. I wanted to plumb the audience and kind of just to gauge. What are your overall feelings about the Creekside Quarter Development? That's one question I would like to oppose.

The ballots are actually there. If there is a yes vote on this one, the city council will have the ability to raise the hotel motel taxes, the transient lodging tax, and then use it for seed funding to end up making, or at least to get the ball rolling for this half billion dollar development and a potential ball field, the ball stadium there too, over on Hawthorne. and I've heard a lot of people that have responded to me that they're not real happy about this is there anyone who is really supporting it or are you starting to lean there or is um now here here's something else

I had a friend come to me yesterday saying Bill I'm thinking about voting yes on this because I'm figuring that if we don't let the city of Medford raise those hotel motel taxes in order for them to get their conference center that they're going to force

it on us in some other way, usually by raising utility fees. This is what a friend of mine was talking to me about. And of course, I was rather indignant in my response to this person. And I'm saying, oh, okay, so we're supposed

to give the Medford City Council there. In other words, we're going to ransom the motel tax in exchange for not having it happen with utility fees or some other kind of tax grab. So I was kind of, you know, a P.O. Not P.O. at the friend that was talking with me about it, but I was kind of like, ah, that sort of just irritated to my core, if that's the case. To me, it seemed that we would be voting on this just whether or not it makes sense.

And so do you think my friend is actually right that maybe we should be voting yes on the transient lodging tax 15-238 increase because otherwise the city council and the good old boy network, if you want to call it that, we'll come back and try to screw us in another way because this is just a bill, the powers that be they want their center, they want their conference center and they're going to give it to you good and hard. one way or the other. So is this, is it actually defensive to vote yes on 15-238 rather than voting? No. So I don't know if you have an opinion on this or not, but I'd love to talk with you about it. But that's what a friend of mine was saying and I was almost spluttering

to this. What? What do you mean? We vote yes on this just because of fear of what they might do if they don't get it. Is that a reasonable fear? Is that a reasonable point of you that you vote yes for it just because

otherwise the council will find a way to just do it anyway. I don't know, but go ahead. Number here is 770563-770KMED. Another story which intrigues me is the White House remodeling deal, the East Wing being demolished to make way for Trump's ballroom. Now, the way it's being portrayed in left-wing media is, you know, pretty much that they're not real happy with what President Trump is trying to do. They're calling it decrying, decrying Trump's overreach on this one.

And so I thought, okay, I'm going to go to the hard right. I'm going to go to a hard right site, and definitely the hard right side of choice here for me is the New American, the New American.com. These are the John Birchers. Okay. These are the John Birchers. These are hardcore conservatives. So what are they saying? White House East Wing being demolished to make way for Trump's,

ballroom. On Monday, President Donald Trump announced the ground had been broken to build the new big, beautiful White House ballroom. That day, excavators started tearing into the east wing, the section he had described as completely separate from the White House. So images of the demolition, the birchers say, spread almost instantly showing heavy machinery ripping into the historic facade. The reaction, swift and furious, critics accusing Trump of vandalizing a national landmark and accusing him of turning the people's house into his own vanity project. By the nighttime, the administration already in damage control mode insisting that the project was privately funded, a modernization respectful of the building's history.

Now, my question is, though, is how does the president do this? This is what ran through my mind because President Trump doesn't own the White House. He is only a resident. He's essentially a renter. I don't know if he's paying rent, but. he's an occupant of the White House, but he is not the owner of the White House. And then they come back and say, the Trump administration then comes back and says, but hey, no, we're getting this paid for.

There's no tax dollars being spent to do this. Okay, that's great. I never mind that. Okay. So this is what's happening. The East Wing's current footprint, about 8,300 square feet. The new ballroom planned at 90,000, more than 10 times. larger, and yes, there has been calls for having a ballroom for a long, long time.

People have wanted that, okay? But to expand something by that much, you have to make space for it, and to make the space, that meant they bulldozed part of the White House itself. Now, the Trump administration kind of backing away from this, and they're calling it modernization, okay? And somehow they're claiming that the East Wing is somehow separate from the White House. It's somewhat misleading, this according to the Birchers. This is the other issue, too, though, and I'm running this by you.

There's been no oversight on anything like this. The demolition just started without any public plan presented to the National Capital Planning Commission. This is the body that reviews federal construction. See what I was getting at? This is not President Trump's house. He's just living in it. It would be like if I was living in an apartment complex and I started knocking out a wall or or something like that because I wanted to modernize it.

Isn't that what we're talking about right now? I don't know how he's getting away with this, frankly. But yet I like the idea of the ballroom, okay? Don't get me wrong, but it sounds like what he's trying to do is like, we're going to build it and then ask for permission later. Is that what he's doing? Maybe you can tell me. But what they deal with this board,

though, deals with essentially construction and vertical bills, not necessarily rebuilding. So maybe he doesn't have to do this, but generally speaking, I know the White House has been modified several times over the years, but generally speaking, the president would go to Congress because Congress would appoint or appropriate some money for this. Congress would appropriate the money, and then that's how they would do it, and then everybody would approve the plans, and off we go, whether it's putting in a swimming pool under JFK or putting in a bowling alley or putting you know whatever they they did stuff like this all the time i understand this is a big deal this is a big construction project but here's this is my problem

and what i want you to do is talk me down from the ledge if i'm wrong if i'm wrong let me know please okay president trump's talking about these corporate patriots that made it happen that donated the money to make this happen. All right? Because it's zero cost to the taxpayers, that's true. The ballroom's funding has come from some of the nation's most influential corporations. It's kind of like a Fortune 100 board meeting. We have Amazon, Apple, Google, Meta, Palantir.

Palantir is the Surveillance Corporation, remember? Lockheed Martin, Booze, Alan. Hamilton, among those who have joined in and kicked in money. RJ Reynolds Tobacco, Next Era Energy, T-Mobile. These companies have tens of billions of dollars in federal contracts. This gives me pause, folks. Talk me down if you think I'm wrong about this. This gives me pause.

This is kind of, this has potential for having great undue influence, don't you think? Oh, you're one of the patriots that helped us, you know, build the ballroom. All right. So I have a lot of questions about this. This is a big project, not a little project, and it's being done with private funds. But there's been no permission asked for this, and President Trump doesn't own the White House. There's been no consultation with Congress. None.

And we have essentially some of the wealthiest corporations in the entire planet that are helping pay for it. Maybe the major question is, what would you be saying right now if President Kamala Harris, with all of the largely left-wing corporate help that may have gotten him or her, and gotten her elected, if that had happened, God forbid, you know, last year, what would you be saying if Kamala Harris were building a ballroom with nobody's permission, not consulting anybody, and getting corporate America to pay for it? What would you be saying? The same corporations that were censoring us and requiring us to take the jabs and all the rest of it. I'm just reminding you of this. What would you be saying,

today. That's the honest question. If Kamala Harris were taking corporate America, getting all sorts of money from them, doing a ballroom and start demolishing the east wing of the White House, not going through any channels whatsoever, just doing it because,

well, this is my plan, what would you be saying about Kamala Harris? Can you answer me honestly about that? 7705663-3-770 AMED. I would love to hear your, you know, opinion on this. This is why I see it done. It gives me pause. Talk me down if you think I'm weird or whacked out, or I shouldn't even be mentioning this story, Bill. Let me go to the phones here. Hi, good morning. This is Bill. Who's this?

Welcome. Hi, Bill. It's Kirk. Kirk. How you doing this morning? Welcome. Well, you know, I've got kind of, I won't say mixed emotions, but. Yeah, I have mixed emotions, too. It's why I'm asking it. But it's more like Donald Trump is one of the first presidents that's done anything. I mean, he works at warp speed, and that's just the way it happens. And another thing, there have been several major renovations done, you know, by three or four presidents. Oh, yeah, but generally speaking, they just don't do it on their own.

though. They usually just don't do it on their own. There's usually some consultation with Congress, whether it's appropriations, et cetera, to do things like that, wouldn't you agree? Well, you don't need appropriations if it's being paid for, not by Congress. Yeah, but you see, yeah, it's not being paid for by Congress, but the president doesn't own the building. It'd be like me being a renter and knocking out a wall saying, hey, I'd like to make this room bigger. You don't mind, do you, landlord? You know, that kind of thing. Well, it's also, I mean, you look at landlords, and when somebody makes an improvement, they can't take the improvement that they did. They just lose it.

I mean, what I think is funny is everybody thinks Trump is going to, it sounds like Trump's going to be using this for the next 30 years for his, you know, for his own use. Oh, no, it's going to be used by whoever's the next president. And that part, hey, no one's complaining about that part about it, because no, Trump's not going to be there. We know that. Okay. and, you know, but the thing is, though, is that I, it just strikes me as someone, you know, hey, this is what I'm thinking about doing, but when, but don't you think it's weird to have corporate America piling all in on that, the same companies that also get contracts from the same

government? Doesn't that strike you as a little hinky? Well, you know, my thought on that is if they were going to, if, the only way it would make sense to me is if they were going to get immediate, you know, gratification from it. Because in three years, you think a Democrat or somebody else is going to give a damn if Trump did that. So I really don't agree with you on that. It's not going to be like, oh, you know, for the next 10 years or 20 years, yeah, you're going to get favorable treatment. All right. And since you are an honest man, I'm not going to ask, this is the big question,

though. What would you be saying if this were Kamala Harris doing it? Well, you know what? I know you asked that question, and I'm an honest man, it's very difficult to say what I would say. Oh, okay. I mean,

be it, I don't like Kamala Harris, but I would I don't either. I would say at least at least, you know, the government isn't paying for it. But I mean, that's a fair question. I think it's a question that is going to be very difficult for anybody to answer. I appreciate your call, though, and thanks for being an honest man. It's always great to hear an honest man.

770563. Dave's here. Hey, Dave, what's on your mind today? Take it away. Yeah, on the ballroom. Yeah. I think it's okay because when Truman was in office, he didn't consult, Congress, and they used private dollars to totally rebuild it. He couldn't even live in it.

He had to live across the street in another building because they went through and they fixed the foundations. So is the president then considered the landlord then? You know, the owner of the White House when that happens? Produciary duty if he can get private funding to do work on the White House. Okay, maybe you're right about that then. If you have to go to Congress. Maybe you're right about that. All right. I appreciate the question.

all. But you see, I looked at it as, you know, the president has hired help, and I just never thought of the president as actually, you know, controlling every aspect of it because now, if the president wanted to demolish the White House and start again with private funds, is that okay? No, that wouldn't be, it's a historical site, but he has a fiduciary duty to protect the White House. Okay, all right. It's a good point. Thanks for making it, Dave. 731. I find this question, you know, how would you be behaving right now? Would you be coming unglued if Kamala Harris were doing what Donald Trump is doing right now? I don't know, but let's find honest people. Hi, good morning. This is Bill. Who's this? Hello? Hey, it's Brother Louis. Hey, brother Louis. What

are you thinking? Hey, oh, that's a really interesting question you've asked there because I think it, like the last call, right, pretty much agreed with everything both of you guys said because it's mixed emotions myself. But what it's really about is how polarized you are because you don't talk, you're not talking like a conservative when you criticize Trump for this. So I think that you have a point for sure and asking what what we would be saying about Kamala doing this or what conservatives would be saying about Kamala doing this. I'm pretty sure that they would be aghast and not very supportive.

Yeah, I don't think they would either, though, and it's not like I'm trying to throw the president under the bus here, but, you know, he does tend to be a person who just says, okay, ready, fire, aim, you know. You know, he's really good at that, and, of course, he's a man of action, and I appreciate that. My only thing, though, is that it's not his house. He's a resident of it for four years, and I just think that there should be, especially, with a national historic site, there should be a little more consulting before we're going to end up doing a major renovation. And this is a major deal. You know, you're tearing down an 8,000 square foot structure and putting up a huge structure, you know, around it. It is a big deal. And even if it is with private funding, it's private funding with people that have contracts

with the government, which always looks a little odd, just saying. Yeah. Yeah. I think it's kind of nice that you're, that you're, not trying to throw Trump under the bus. You're just trying to be sensible and nonpartisan about the whole idea itself. Yeah. And that's all because it's – but, man, I – this is going to be a big one. But, of course, you know, if it ends up being a nice ballroom,

then everyone will probably just shut up and, okay, it's nice. We'll just move on. I kind of feel that way. I appreciate the call. Thanks. Let me go to next call. Hi, we're talking this morning about the ballroom. We're talking about the, you know, what's going on here.

Should we vote for Measure 15-238 in order to keep the city council from screwing us with a utility fee increase anyway. All sorts of things on my mind. Hi, who's this? Welcome. Hello? Good morning. Good morning. Who's this?

Yeah, this is David and Phoenix. Hello, David. What are you thinking, huh? Well, I just want to take a little take on the... on the Creekside development. I'm a little bit of right of center, not extreme right, but I'm definitely not left of center. Well, I'm a couple of things, but I try to stay in the middle, but I'm not perfect, so I probably screw that up most of the time. Anyways, having said all that, I have an issue about wanting something so long as somebody else is going to pay for it.

and this is what bothers me. Just like with the roads, we want our roads pay, but so long as the state pays for it, we have to do it their way. Right. The city of Medford should pay their own roads. The state should take care of the state things. The federal government should take care of the federal things. The rural, the county should do our county roads. And so when we say, oh, we want to buy.

stadium. Well, I don't want to pay for it. Don't worry. It's not going to be you. It's going to be people that are going to come to our motels, and they'll pay for it. Oh, hell yeah, then build me somebody else is paying. I'll vote for it. So I have a real strong issue about that. I'd like to hear what you think about wanting something so long as somebody else pays for it. Yeah, well, that is, I think that's human nature that you're fighting here. You know, really, David. Everybody's always supportive of something. Oh, you want to give it to me? Oh, hell yes. Oh, that kind of thing. But this is part of what we got into the trouble that we're in.

This, I know the words not being used in this instance, but it's still the concept, the concept of free. Yeah. Oh, it's free. Well, what the hell? You know, yeah, sure, you know. Somebody paid for it somewhere. And I'm still having a hard time understanding, say, let's say I was living, I escaped Oregon, which I can't, but I could, if I could, and say I went to Boise, Idaho,

which is going to become a mess just like Portland, unfortunately. There's not going to be an escape. But so far, let's say I was in Boise, and I had my vacation dollars, and I had an overpriced airline ticket because that's how they got it rigged to fly from Boise to Medford to watch a two-bit emeralds game, or I could get a cheap ticket to fly to Las Vegas to watch the A's. I think I'm going to go to Vegas. I don't think I'm going to, if I got the means, I'm going to go to Medford.

So you're thinking that the tourism draw is limited in your view? I don't think it's any tourism draw. I mean, it's going to be the local yokels. It's going to be me going there if I can afford the ticket. And I don't think I'm going to be able to. I think it's a scam. All right. I appreciate the call.

And thanks for that. We're looking for honest callers. Of course, I always want honest callers. but whether it's the White House rebuild or the 15-238. Hello, how is this morning? Hey, Bill, this is Dan. Dan, what's up? Well, I'm calling about the Creekside development as well.

I, too, kind of like I'm in and I'm out on it. I like the idea of it because I've lived in the Rogue Valley for over 40 years. And sometimes it would be nice if the Rogue Valley had more nice stuff, right? We've had some nice things. Yeah, yeah. And it would be fun. I'd love to go to a ball game, but do I really go to that many rogues games? Not really.

But just that whole downtown area, it's already a dead space. It's zombie land. Crimes, drugs, homelessness. Well, now you're making the case of why the city council and Murah and everybody else in the chamber wants to get that, gets to get a shinier jewel rather than trying to polish the fecal matter currently existing there. You get that, you understand. So I don't understand. I don't blame them.

I really don't. Yeah. It would be nice to have a nice area that links, you know, downtown to, you know, Medford Center, a place that's, you know, walkable without, you know, getting accosted. So there's multiple problems. I don't think tourism's going to solve anything. I think maybe a conference center would probably bring more people than a baseball game.

But I don't know. So conference center sounds like a better pencil than the ball stadium is what I'm hearing from you. You know, there's always, you think, like, why would, I've worked for a lot of years where you travel to conferences and stuff, and it's like, people want to go to Bend and they want to go to Lincoln City. Nobody wants to come to Medford. Okay, well, the thing is, this is what you do.

Okay, you build a conference center, but you make sure there are no surveillance cameras in the conference centers. whatsoever. You know why? Why is that? This way, but everybody comes in. All the men and women come for their conference centers. They're able to switch their hotel keys and everything else and there's no deniability about where they were at any time. Nobody can say, hey, I saw you on the surveillance camera and you're running over, going over in her room instead of my room or whatever, you know, that kind of thing. You know what I'm saying? I do. As far as funding

goes, I think your friend might be on to something. It's like vote for this, this travel tax or or else, maybe. I just don't like government funding things like this. Like, it's looking like if Major League Baseball went to Portland, I don't think Oregon should build a baseball stadium. I think the only thing I think government should have any engagement in to encourage it would be cut the bureaucracy and the red tape, and then maybe, like, we don't tax you for the first five years or ten years

because we know it'll bring income to the area. I do believe there is an issue with that, the ball stadium. I think there's certainly, you know, TIF tax incremental funding. That's the urban renewal way of doing things, or that could be the part of what's going on with the conference center, proposed conference center, that kind of thing. That's how all of this ends up getting built. Appreciate the call in the opinion on that. Thank you. 770 KMED. Let me go to the next call. Hi. Good morning. Who's this? Hi. Good morning. This is Lauren out in Eagle Point. Lauren in Eagle Point. How are you, buddy?

I'm doing okay. Just got back from my morning walk. First off of the Camilla Harris situation. Yeah, if Camilla Harris were building that ballroom with corporate funding from all the people doing business with the government, what would you be saying right now? Well, my first statement would be she's not going to use the money to build anything. She's going to help the trans and she's going to help the abortion. That's true. It would be a trans ballroom. I'll give you that. It would probably be a trans-friendly ballroom, okay?

Or else the trans-friendly room to remove balls or whatever, I don't know. Well, what's that? No, what's where you're going? Sorry. No, it's a sports complex. Please understand. A sports complex, that's all. Okay.

And here's my other comment. Yes. I don't like any kind of taxes. I don't care if you pay for them when you go to a motel. I don't care if you pay for them out of your pocket. And as a matter of fact, whenever Ashton, put the tax on their restaurants, remember four or five, six years ago?

I don't know. I have not eaten in restaurant in Ashland since then just because of that. I know many people that feel that way and will not go there because of the Beals tax. Do you think that raising the hotel motel tax will have that effect on Medford or potentially? Is that what concerns you?

I'm thinking so because, of course, you can go to Talent, you know, Phoenix. I don't know. Maybe they got the same hotel and motel taxes there already because I've never stayed in a room down there, but yeah. Yeah, I just don't like taxes, and so that would be my response to the whole thing. Unfortunately, I don't live in Medford. You don't have a say, you don't have a say, Lauren. All right. All right. We'll raise our own taxes, Bucco. I'll take two more calls. I'm running late here.

I've got to talk with Mark here just a minute. But anyway, good morning. KMED. This is Bill. Who's this? Welcome. Hey, Bill. It's wild salmon. Hey, Steve. Give me a take on it, huh? Okay, you were asking about Kamala doing this ballroom thing, and the first thing she'd do would be set up a nonprofit and get people to contribute to it because she could siphon money off for the Democratic Party. That would certainly be a more effective political deal here, but let's say that she was doing it exactly the way President Trump is doing it right now. Do you think the right wing would be having a cow right now? Yeah, probably. Everybody's having a cow about everything. Yeah.

I don't have rage built into me. I'm too old. It's too much effort. So you are never going to make it as a member of Antifa or Indivisible. Come on, man. Prout. Right on. Yeah. Probably not. Thank you. I love hearing from you, though, Steve. Thanks for the call. I'll take one more. It will break. Hi, good morning, KMED. Who's this? Hello? Oh, Jason.

Hey, Jason, take it away. Yeah, I think it would be decorated with disco balls and rainbow lights and lots of base, man. Lots of baits. Well, that's certainly how Kamala would probably, or Kamala would probably decorate it, though. I'm guessing, though, do you think if Kamala was financing the ballroom with all of the corporate contractors that already work in the federal government there? Oh, they'd be the first ones to get in. Okay, no, do you think, though, that we'd be upset, being conservative? That conservatives would be upset at that if they were doing it that way.

I wouldn't be. Okay, all right, just ask it. That's why I posed the question. Okay, we'll set that aside here for just a moment. Interesting conversation this morning, folks. Bill Meyer's show. But the Ford's got your truck, man. Custom trucks or SUVs, man.

No one deals like they can rolling out like old man. Put the keys in your hand. This is the Bill Myers Show on 1063, KMED. It's 11 before 8. If you can hold your calls for a little bit, we'll get back to your calls in just a little bit, because I wanted to talk a little bit about something I've been A invested in and be interested in for a long, long time. Physical gold and silver just fell off a cliff yesterday.

Man, it's like gold ended up dropping the largest drop probably in, 12 years. I think it was about a 5% drop and silver wet the bed here yesterday. Today we're trading at 4,023 for gold, silver 48, roughly speaking. And I had a feeling this was coming. I was talking to a stock buddy of mine last week. I just got a feeling that this was way overbought and way you fewer, a lot of euphoria going in there. But I wanted to kick it around with Mark Huddle. Mark Huddle, of course, Jay Austin, Fortune Reserve.com. Ashland Grants Patch, one of my oldest sponsors. We appreciate that, and Mark, welcome back to the show. Morning. Thank you, Bill. Good morning. So what actually happened yesterday was this, you know, where the bullion banks, once again, saying,

hey, it's time to pull out Mr. Slammy because gold starts looking a little too good, or, you know, or is it just simply that too much, too high, too fast? Because it, you know, you look at the gold and silver price charts over the last couple of weeks. It's been almost like parabolic, which is usually not a typical market these days, but how do you see it? So, yeah, it was rising too fast, right? So you're looking at $50 to $100 a day on gold and, you know, 50 cents to a dollar a day on silver. And we're all sitting around hoping, hey, it keeps going, keeps going, and people were saying, oh, we're going to need a correction. And then what happened is Trump came out and they started talking a little bit about willing to negotiate on the tariff.

And so people look for something to take profit on, right? And that was part of it. I mean, we still have the Russia situation in the Middle East and all that. But I think people were looking for an opportunity to take some profit, and they started to see a little pullback, and so they took. And it's still going down right now. You know, we see the market still dropping. But I think eventually it should level out.

You know, if you look at the central banks, they're still buying. And we also had a really weird situation. especially in the silver market, where the futures market was lower than the live market. And that's kind of indicative sometimes that it might have a pullback. But it always catches you by surprise. Yeah. Well, I was going to ask you since because the spot market, if you wanted to get silver right away, you had to pay more than buying it in the futures market, which is guarantee of a delivery in the future at some time.

That's why they call it the futures market, right? Yeah. And so – well, what I was suspicious of is that everybody knows. how the big bullion banks every now and then would put the squeeze on because they didn't have the physical silver. They couldn't deliver it. And they knew they couldn't deliver it. And so we have to do something to get rid of that demand.

Is there any evidence of that, in your opinion? No, it's a bottleneck at production. I mean, there's always market manipulation, and I'm always, you know, open to hearing that because I believe it exists. It's very clear to me that it does. But I think in this situation, what you saw was the central banks who are still buying, in the silver market, for example, we'll use that. They buy the 1,000-ounce bars.

And we trade in 1, 10-ounce, and 100-ounce bars. And so what you have is you have all of these people selling, and the central banks are buying, but the point of production isn't able to meet the demand. And so they have cost to buy silver from you. So, for example, when someone buys silver from you a large buyer, frequently they'll put a short in the futures market, okay? And then they... Betting that it goes down? Well, it's just a way to lock the price.

So if I buy from you at 50 and then I put a short in the silver's market, if it goes down a dollar, you know, for every thousand ounces I have, I get a dollar, right? So it's a way to protect the transaction, not betting so much. It'll go down. It's just to keep it locked. so you have time to process it and sell it. And you have the insurance to hold the silver, and then you also, a lot of these larger institutions take out loan. And so if you're looking at having to hold silver for two to three or four weeks,

there's going to be a cost there. And then you have the futures market, which is also lower than the live market. So you're not going to, if you're a wholesale manufacturer, one of the big, big guys, you're not going to buy above what the futures market for delivery is. and so there's but you're also not going to sell below what the live market is so you have that as well playing a role okay so what are so you get this disparity where you can only get $48 an ounce when you sell but when you buy you have to pay 52 or 54 right okay all right I think I think I understand where you're going here is this a consolidating period because uh I'll

just tell you what I did because I told my stock guy I have a baby 401k right I'm just playing with it and putting a little bit in it because, you know, I'm close to retirement. I'm not exactly a stock picker or an expert at this sort of stuff. But I was invested in a lot of gold and silver mining, and they ended up going up monumentally because they're kind of like a leveraged play on the price of gold or silver. So the price of gold goes up a little bit. The price of the miners would go up a lot more because their profit margin ends up

becoming a lot better with higher gold and silver prices. But that also means, though, that yesterday when it was going down, the stocks were going down faster than even the price of gold and silver. That's right. They tank super fast. So part of that is, you know, if you take, for example, I also invest in rare earth minerals. So if you look at stocks like MP materials are TMRC out of Texas, which are both rare earth stocks, okay, these guys.

skyrocket well beyond the value of what they currently have. And just like you said, because of that, they plummet when there's a correction in the market. So, you know, you have TMRC, for example, a year ago, I believe it was 25 cents, and it pushed up to over $2 the other day. So, you know, you have these huge, huge gains, and then you have these corrections. Now, in silver, in the physical market, you used to see this in the physical market a lot, too. Like right now we have this huge correction with silver. And a lot of people, you know, historically you'd say, well, it's because they're producing more silver because the mine's open. So what would happen is, you know, silver were $25, then, you know, 10 more mines would come online because this is their cost

point where they can be profitable. And that increases the supply of silver exponentially and then drives the price down. So historically, silver was not the best for stability, but however, they're seeing now that a lot of these mines really can't produce like they were and an annual net production seems to be going down. And you have the central bank still buying, you know, it doubled the rate. You know, you look at China 300, they bought, people started doubling what they were buying. Central banks were doubling what they were buying starting in 2022. And China now is buying almost the amount, about 75% of the amount of central banks were buying back in 2019. Are you sure that China is buying it? How can you prove that? Well, they're producing

it's a lot of it China it because I heard that China's been buying mines is what they've been doing they do yes and so that's what they do to get around and it's a good point so for example of China we're just buying the gold and buying it from the U.S. Their price would be higher right because the dollar has gotten a little stronger recently but yes if they're buying the they're buying the mines and they're putting the gold into their inventory so when I talk about central bank buying I'm really talking about what they're stacking In other words, what they're putting in their inventory. And China has been increasing its position from what people can tell.

And then you've got countries like Poland who are also doing a very similar thing. They're buying internally in their own system, right? And so these are all indicative of that this is a temporary situation. Now, I never tell people what to do. I just tell them what I'm doing, and I haven't let go of any metal. Yeah. Well, I haven't let go of any physical. metal. I like going on the metal stocks temporarily. I'd like to buy in at a lower level again.

Right. And that's the beauty of the stock is you don't really feel anything except for the profit when you let us go at a high price. And some of those companies are going to go belly up. So, you know, you got out. And then if it really drops, to me, you know, it's a little bit of a casino. And because of that. Well, it is kind of an everything bubble going on right now. There really is. I don't know who coined that term, but that does seem to be really what's going on. We have everybody piling into AI right now, and very few people are actually making money. And, you know, now it's like if you're a pet food company, you can't sell pet food unless you have an artificial intelligence plane, you know, in your...

AI is not working, you know, as well as it should at this point. You know, we've been in this for a while. And, you know, people, you look, and people are really complaining about chat GPT-5 is just really inaccurate. on some things, especially on research, and its memory is just horrible, and some people are saying, you know, at certain levels, it's experiencing brain riots. Yeah, well, Mark, maybe this is the whole point of artificial intelligence is to make sure that absolutely everything that Americans either believe or think that they know is total bullstein, all right, and then we are a very, and even easier to control person.

I know it's not conspiracy theory Thursday, but I'll just kind of get a... front run on conspiracy theory Thursday. It's a good opener for Thursday. Yeah, exactly. So at this point, though, and so you're still buying and or selling either side of the deal. Yeah, you do have to call for an appointment because we are swamped. Oh, really? It's back-to-back, yeah. So you want to definitely call for an appointment. All right, and that's 482, 3715 over at Jay Austin. I appreciate you taking a few minutes. I just wanted to talk. I said, I've got to get Mark on with this. because, you know, you're making money either way because you, you know, get your premium either side on the buy or sell.

So, one way or the other, you know, it becomes a lot more stressful when these things happen. But, you know, when you're the trading house, you do okay. Yeah. But it's difficult. It's not as easy as you think. It's pretty difficult because you have to, you know, explain what's going on. And, you know, you always want to be competitive. You want to be as competitive as possible.

Do you have people coming in there just actually, you know, angry? because they bought it 43 or 435? I mean, are they coming in right now yelling? No, you know, we don't get a lot of that. We actually have a really good customer base, and we don't, you know, you don't have to worry about somebody walking in on you while you're in the shop, which is really nice.

And so people are, you know, our customer base is really well-behaved, but we hear from dealers, you know, around the country that just have their door wide open. Yeah, if you were a gold or silver dealer in south side of Chicago, I'd think twice, you know? I wouldn't be there. Okay. Yeah, there would be no thinking twice.

There you'd think of one and being out of there. All right. Hey, appreciate it, Mark. You'd be well, thanks. I just wanted to check in with you, okay, on the... Thank you, Bill. Golden Silver Markets. We'll see where it's going up.

Still continuing to leak support here today.