The Trish Regan Show - BREAKING: NY Gov Kathy Hochul KICKED OUT of Office By New York Voters?! New Poll Says SHE’S FINISHED!

Episode Date: July 30, 2026

Kathy Hochul seems to have warn out her welcome in NY. Her association with Zohran Mamdani is just part of the problem… Anthony Fauci has officially fallen from grace. After taking the fifth 111 times, it’s now effectively proven. The Fed made a decision on rates and we’ve got Dr. Kirk Elliott back on the show to talk gold, central banks diversifying away from the dollar, and why silver is a unique opportunity. learn more about investing in gold and silver today at https://TrishLovesGoldandSilver.com ✅ Support independent journalism — become a TRISH TEAM member: ▶️ https://www.youtube.com/channel/UCBlMo25WDUKJNQ7G8sAk4Zw/join ✅ Get my newsletter and start investing today! Https://76research.com ✅🔔 CHECK OUT MY NEW SPOTIFY SHOW AND PLEASE SUBSCRIBE FOR FULL DAILY EDITIONS: https://open.spotify.com/show/2blgbg4OaN5dqFhkBy12ii?si=HPdSujPDRrapZWtxbsgAjQ&nd=1&dlsi=979e048c08c04e13 Learn more about your ad choices. Visit megaphone.fm/adchoices

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Oh, man! Shop back to school at IKEA. What a day. What a day. I mean, we got Fauci going on. We got the Fed, keeping rate steady, although you have three that kind of want to hike them. And then we have Mr. Anthony Fauci making quite a spectacle of himself, a hundred and eleven times we had to hear that he was taking the fifth. You know, you only take the fifth for a reason, just saying. And Rand Paul, oh, you know, this has been Rand Paul's baby for quite some time. He is a doctor himself. And he still wants to prosecute.

So he's referring this to prosecution. It's going to get interesting, guys. It's going to get interesting. That was interesting. I got some clips I want to show you. But we begin on none other than Kathy Hockel. Kathy Hockel should be careful the friends that she keeps. Because Kathy Hockel is now looking like she's vulnerable and there's going to be a historic move away from a Democrat government. in the state of New York, this hasn't happened in decades, in decades. But there's a brand new poll out suggesting that Kathy may be going, bye-bye, bye-bye, bye-bye. Here we go. New York on the verge of having its first Republican governor in 20 years as new poll shows GOP official snapping at Democrat Kathy Hokel's Tale.

So there's a Republican. Amazing. There's a Republican running. Yeah, in New York that may actually take her seat. Mr. Blakeman, you see, because Mr. Blakeman has a little bit more appeal. you know, that's not saying a lot because it is Kathy Hokel. She's not exactly the most appealing of all appealing candidates. She, you know, in some ways kind of is making a run for Hillary's Lane, if you ask me, just saying. And yet you've got, you know, Red Oak Strategic, it's actually, in fairness, it's a pro-Blakeman super PAC, but they came out with this brand new poll, and what they're showing is that 38% of those people questioned actually view her favorably compared with 58% unfavorably. That is a really,

really big number, okay? Really, really big number. Again, I think this has a little bit something to do with her association with Mr. Mamdami, comrade Mamdami, who's now come out with a hit list as of yesterday, a hit list on 30,000 New Yorkers. He's publishing anybody he thinks that, you know, has a valuation of a million bucks, which, by the way, has a lot of people in New York because real estate is so freaking expensive there, and it's not about to get cheaper anytime soon, given his policies. Anyway, well, I mean, maybe people will just sell. It'll be a fire sale. Maybe it could come down. Maybe that's his goal. He'll just drive everyone out of the entire city, and then nobody wants to be there, and so that's how you get prices down. Listen, it's a big deal what he did. It's kind of seen as this hit list. People are worried about violence as a result of it with the Antifa crowd.

Kathy Hokel is closely aligned with Mamdami, and I think it's going to cost her the election. I really do. Kathy Hokel out in New York, 58% viewing her unfavorably. 38% view her favorably. Those are really bad numbers. Only 33% say she deserves. a second term. Whoa. Okay, Kathy? And then this gets even worse for her. Take a look, guys here. This is, you can see Blakeman on one side, Kathy Hochle on the other. Independence are key, right? In any election, independence are always really and truly key. Why are they so key? Because, you know, you have one side and the other and it's almost like anticipated where they're going to come out. So oftentimes, most times, elections are actually decided by those in the middle. That's why everybody says, You know, you can try and put a little cheese in the middle for the mice that can run to the middle

as opposed to having all the cheese over here on the left and all the cheese over there on the right. You want to appeal to that middle lane because that's the person. That's what Donald Trump, by the way, did very successfully. I know a lot of people don't want to admit this. They don't really understand this. But you had a lot of crossover appeal, both with independence and also members of the left who said, okay, enough is enough is enough. You're seeing it again in New York with unions saying we don't want any part of this, ma'am, Donnie.

We're going to see that in New York State with more unions saying, we don't want any part of Kathy Hokel. You've had just too much violence. You've had too much in the way of taxation. You've had too much communism, too much communism talk, okay? Like that does not play in Peoria. We've talked about it before. And so consequently, Kathy is finding herself, I think up a creek without a paddle.

I think actually you could have a Republican win for the first time in decades. It's a really, really big deal. Again, Daily Mail pointing this out first. Credit to them saying it's the first time in 20 years. First time in 20 years you could see a Republican coming in as governor of New York. This is a groundswell. Okay, what did I tell you yesterday? I told you that this Mamdami hit list, if you would,

may have just changed the entire scope of the Democrat Party for years to come. You couple that together with the Democrats' love of Anthony Fauci, which was on display, of course, today. In fact, Maggie Hassan, like, felt so bad. This is the senator from my home state of New Hampshire, felt so bad that he had to be there, so bad. I mean, they have just buried themselves alongside Fauci.

And so this kind of attempt to cling to anything that is, quote-unquote, establishment. And by the way, wrong establishment and wrong establishment ideas, frankly, lies, right? I mean, he was lying to us. I mean, I've played to the sound a zillion times. Remember when he sat there with John LaPouk on 60 minutes on CBS News? And John LaPooke was the doctor himself. I actually used to work with him at CBS years and years ago. He's like, well, wait a second.

Do you really need a mask? And Fauci was like, no, you don't need a mask. You don't really need a mask. And then it turned out that he came out, you know, all in favor of masks. He was like, Mr. Mask. You know, it would have been like the Jim Carrey movie, The Mask. He could have titled himself. He could have done a whole thing.

He was lying the first time around. And then I think kind of lying the second time around, too, if he wanted to wear three masks. They never met a mask that they didn't like. They wanted you masked up for everything. I'll tell you, this testimony was pretty compelling on behalf of some of the the senators that came out there saying what they did. learn anything from Fauci because he's like, I'm digging the fifth, I'm digging the fifth.

Well, you keep aligning yourself with the guy who's digging the fifth. And you're going to find yourself out of office. So Kathy, guess what? None of this is a surprise. You are exactly where we would thought, we would think you would be. I mean, this is normalcy, right? This is normalcy. Because when Kathy Hokel is around there, you know, pretending like she knows how to shovel snow alongside Mamdami, it's not a good thing. When she's out there, on the side of illegals as opposed to the side of everyday Americans that are really fighting for their own opportunities, this stuff catches up to you. It really does. I mean, here's a great example of her recently, actually. Kathy Hokel back earlier in the year saying she was so shaken on the ice front,

right, to see all of these illegals being deported. She just couldn't believe that this was really happening. And it's like, what world are you living in? I mean, you do live in New York. You ought to be a little bit more informed and understand the crime rates. She can't tell you the names of the people that have been killed, but she can tell you all of the illegals that are being deported. Here she is. You know, sometimes when you read the news, you just can't believe what you're reading. And I can't tell you how shaken I was to see the article about the increased number of children in this country, being snatched from laundromats or whether helping their parents on the streets or going to school. You look at these images of these little.

little kids, little five-year-olds, little seven-year-olds. I got to ask, what parent in America is okay with that? Picture your own child, your own little one, staring at the side of a vehicle, emotional with a little Spider-Man backpack. These kids didn't do anything wrong. We don't want open borders. We need to enforce our laws, but can we show some humanity and some decency when it comes to little kids? We had a third grader snatched out of her bed here in New York, months ago, finally got her back. I just want to say this. This was your child being sent to detention center with Barb wire and lacking good food and medical treatment. What would you have to say? I think it's time for parents to stand together and say, this is not a country. We want

our kids to grow up in either. Okay. So this was her M.O. Right? I mean, this is her M.O. She's going to be anything but Trump. She's not caring or thinking about the people that have, I don't even want to like describe it because it actually gives me chills. I mean, you think about the person set on fire, right? I mean, this is awful stuff. Awful, awful, awful stuff. And there's no sort of sympathy for any of that. I would say as far as the kids are concerned, what kind of country are we that's incentivizing these people down in Mexico to send their kids up here with the coyotes? I mean, there's something in economics called the Law of Unintended Consequences. And boy, oh boy, did you see that one on full display, courtesy of Joe Biden and company? So,

Listen, Kathy's getting exactly what she deserves. It looks like she's going to be out in New York, and that's going to be fine by me. And I would just say, hey, Kathy, maybe you should be a little bit more careful about the company you keep, right? The company you keep, because when you've got best friends, besties, like Comrade Mamdami, who wants to go out and create an enemy's list, right, with his 30,000 New Yorkers that he thinks should be paying more money. I'm what, what is that? By the way, you know what I see that is? I'm just, I'm going to go there, okay?

I see it is a form of anti-Semitism because if he's looking at who has the valuation that's like a million dollars and up, I would suspect a lot of names on that list may sound Jewish. And he's made it very clear over and over again how much he hates Israel. I mean, heck, the guy wanted to arrest Netanyahu with a court that we don't even recognize at the ICC. Think about that. And then he didn't get his way. So what does he do a couple of days later? he comes out with a searchable database with 30,000 names, most of which are Jewish, and says,

here's their name, here's their address. I mean, I don't even think it's legal. I think it's a total violation of property. We talked about that yesterday because I don't think you can actually do this. I mean, you think about the negligence rules, if anybody's actually hurt, they're going to say, well, the city gave everybody the address, for goodness sakes. I don't think for privacy reasons you can actually single out one group of people. I mean, we got kind of a maniac here, a total utter maniac.

And Alan Dershowitz was on newsmax recently and said something that I thought was pretty darn compelling. Like, we haven't seen anything like this. He's not going to actually compare him to Hitler. But he said, we haven't seen anything like this since 1930s. Listen to this. He reminds me of some of the people, not Hitler, I wouldn't ever make an analogy, but some of the people in the Nazi Party in 1932 and 1933, when they were running for office and when Jews didn't feel safe in the streets of Berlin or Hamburg.

And many Jews that are safe today. My family lived. He goes on to say it cut out a little bit there. But he went on to say like his family lives on the Upper West Side, et cetera. And they don't feel safe, understandably. People there don't feel safe because, by the way, he just had two guys stabbed while somebody's shouting Alu Akbar. And this guy says he's going to protect that. I mean, and then he comes out with the list.

Wow. Wow, wow. So guess what? Fox News running this story. Mamdami Sparks Fears of Violence after doxing wealthy New York City, property owners. I mean, I think these things are connected. And I think he's going to pay the price eventually. But in the interim, we've got Kathy Hochel with the new poll showing she's also paying the price. The entire Democratic Party, by the way, is going to pay the price, as they should. Minds of the American public are weak, weak, weak, weak to quote the great Tony Blair. I mean, just look at this. Just look at these net-up ratings of Democrats and Congress. In late February, the beginning of the war, was minus 41 points, minus 39, minus 39. And so you're just looking at these numbers right here, and you go to yourself, no wonder, no wonder what's going on at this point that Democrats simply put, cannot take the ball and run with it and actually in the polls be trusted more than run, because the Democrats and Congress simply put are not well-liked. In fact, these are the three lowest on record in terms

of percentage points for the approval for Democrats in Congress. So it all puts together a picture. Donald Trump and Republicans may not be like, but Democrats in Congress are really hated. A lot of this is D-on-D crime. And they're Democrats. Yeah, well, I'm just saying they are really hated. And they don't have anybody around them

that's actually giving them a message that's going to actually help them. So New York is waking up to the problem they have in light of Mamdami. They're going to, it looks like, they're going to vote Kathy Hokel out. And I'm just saying it can't happen soon enough. really can't. I mean, look, even the New York Times, even the New York Times is turning on

Comrade Mamdami. I mean, when you got Paul Krugman, yeah, Polly Boy from Princeton University, who's got a gig moonlighting at the New York Times and thinks he's the be-all-end-all. Here he is writing, Mamdami's Netanyahu stunt was a waste of our talent, his talent and our time. He goes on to say, New York is the only city in the world in which at least 750,000. thousand Jews and Muslims apiece, live side by side, rather than being a constructive bridge builder between them. Mamdami, the city's first Muslim mayor has chosen to be a bridge destroyer using the Israeli-Palestinian conflict as his axe. That's his excuse, right? My theory is this guy was handpicked from like some Iranian bigwigs, right, to come in here and try and be a you-know-what

disturber to try and mess up the U.S. vis-a-vis Israel and to kind of bring us to the place that we are right now. It is such a waste of truly charismatic political talent. I underline that in red. And at first I had a question mark next to it. And then I changed it to an explanation point because the question mark, I mean, I'm like, look, you know, Pauley boy, you're not really a good judge of talent at all. I don't think the guy's that talented or that charismatic. I think he actually sounds kind of coined and kind of like a, maybe a poor man's Obama. But I changed it to an explanation point because I think this tells you a little bit, again, about how the left feels and the media feels.

Like, they love him. They love him. They love this memdami. They love him. And so for the New York Times to come out with an op-ed like this by Tom Friedman, oh, forgive me. I was saying Krugman. What am I saying? Polly boy.

Krugman. Okay, I like Tom Friedman. Okay, so this actually makes more sense. Maybe we actually need, sorry, guys. How did I? I'm just assuming. liberal columnists, right, from the New York Times, who's the go-to? It's Paul Krugman. I guess Paul Krueman can't come out and actually do this. Tom Friedman's actually a smarter guy. So it doesn't

change the point, though, that the New York Times has had it with Mamdami. And I'm just saying they should have realized this a long time ago. They should have realized that this guy was no good. I mean, he told us over and over again. I ran sound for you yesterday of him back in 23, like saying really bad stuff about Israel. I ran sound for you yesterday of him at the mosque. And they're talking about killing the infidel and he's sitting there with a cheery face. This guy is now the figurehead in the Democrat Party

alongside AOC and Bernie Sanders and Rashida Talib and Ilhan Omar. I mean, Stephen Miller said it well, right? Stephen Miller was like, yeah. It's all the losers and the crazies that they got. And the reason this has happened is because they didn't find anything to stand for. All they could, you know, they were like Mask City, whatever Fauci says is absolutely right because, you know, he's, he's the God through the whole COVID thing. You understand that when this all came crumbling down, and we saw this on display in the hearings today, pretty remarkably so.

It all came crumbling down. So their entire sort of existence was built on lies. they worshipped, literally worshipped Anthony Fauci. And it came out in the diaries that he loved it, right? He was like really into his startup. It also came out today that he was making a ton of extra cash on the side because he had his federal employees reportedly like putting together applications for all these various, they're not scholarships, awards, I guess, awards that he could.

One of them was like $900,000. He won it. I mean, they couldn't do enough for him. Barbara Streisand was calling him up on the phone. I mean, this is all coming out. So this is their party. They get the party of the antisemitics, the communists, and the nut jobs that just worshipped Fauci. I mean, you pick a side. Which one of your, oh, Letitia, she's no, she's no dummy. Leticia James came out. She picked aside the other day. What I do want to say is that it's really critically important that individuals understand that.

anti-Semitic acts have been growing in the city of New York. It's really critically important. And then also acts against the Asian community have also been on the increase. So it's important that I stand with my Jewish friends, that I stand with my Asian friends, that I let everyone know that there should not be any space between any of us. That we should stand together against any form of hate, any act of hate in the city and the state of New York, that it will not be tolerated. It's important that the Jewish community understand and know that they are not alone,

that I and others in the African American community stand together. It's also important that members of the Asian community know that I and members of the African American community stand with them. And that hate will not be tolerated in this city and or in this state. I'm praying for the city. I'm praying for the state. I'm praying for this nation. I'm praying for everyone, obviously, who recognizes that we're all in this together, that we're all God's children, and that we're not assign any particular outcome to this investigation. It's an unassailable truth that we cannot leave any one community to bear the burden of hate and fear alone. That combating anti-Semitism and hate against the Asian community is a responsibility of all of us, all New Yorkers.

All Americans. Okay. So amazing, right? But she knows where her bread is buttered in New York. And it's really kind of a stupid idea to come out against so many people that are living there in that city and that you want to like turn. I mean, it really does feel. I agree with Dershowitz. It's feeling 1930s-esque, all right?

So Mamdami is bad news. I think he's a plant. But you know what? Here's the good news. Here's the good news. America's stronger. Israel's stronger. We're all strong. Republicans are stronger, and eventually he's going to go up and smoke.

And Kathy Hochel may go up and smoke as well because of her alliance with the crazy town. All right? Yeah. All right. We got to talk about the Fed because the Federal Reserve just came out announcing, yeah, they're going to hold rates steady for now. But three of them there at the Fed, they decided, yeah, you know, maybe we need a hike later on down the road. So now people are thinking maybe that happens in September. We'll see. We'll see. I mean, look, yes, oil prices are going up. yes, oil, once it gets baked into the economy, then starts to lead to higher prices for things. And that's the fear. So, again, I just want to stress, we'll see how it all shakes out because, you know, one day we got peace and around and the one day, the next day we don't.

I mean, I got to tell you, it's getting a little bit annoying because we just, after the 13th strike, decided, hey, we're going to like maybe engage in some diplomacy again. And then the minute we engage in diplomatic efforts, what do they do? This way, you can never trust them. they came and they fired again. And so Donald Trump, the president of the United States is rip. You know what. He is furious. I mean, he's out swearing on Fox and Friends this morning. He has no use for these guys, no use for them. And so is this going to be over anytime soon? Maybe not. I mean, maybe this is the new normal. I sat down with Dr. Kirk Elliott and we talked about this.

And he made this point, too, like maybe this is just the new normal. So just moments ago, actually ahead of the Federal Reserve announcing that interest rate, although he did. did tell me he thought this was going to happen. So kudos to him for being able to predict the future on that. But you have a situation now where you have the Iran's of the world, also China's of the world, China, who wants to be the world's reserve currency. So everybody's out there trying to flex their muscles. This may be the new normal. Let's go to Dr. Kirk. Hey, back by popular demand. Dr. Kirk, welcome. Good to see you again. Oh, it's so good to be with you again. So, you know, we've been talking a lot on the show. And I've been telling viewers, stay tuned, Dr. Kirk will have something to say

this about China. And China, interestingly enough, over the course of the last, say, you know, four to six weeks, was out there, especially as gold went down, actively buying, like really actively buying, the most that we've seen in years. Bloomberg did a big article on it. And I've been talking about this because it's interesting. I mean, I too, my personal life was actually buying. And so I guess I was kind of happy to see that China was as well, because, you know, they're not doing this for any other reason and they want to advance them. and their country and their agenda, which tells me they're bullish on gold, which, you know, fits with my thinking anyway, long term.

What do you think was behind this? What's the motivation of China? To me, well, number one, they're not stupid. They want to replace the U.S. dollars, the world's reserve currency, right? And so how do you do that? Well, you have to have a currency that's stronger than the other alternative currencies, whether it's the euro, the dollar, the yen, whatever. So how do you do that?

they're doing it by having a de facto backing with with gold i mean so so why does this matter it's like well you can't really change your your yuan or remni be for for gold no but here's what what's really interesting so two years ago um i was reporting on project embridge which was a a joint effort between the Bank for International Settlements and the BRICS nations to create digital settlement rails so they could they could you know towards central bank digital currency the the BRICS nations and this project Ambridge wanted to settle in something other than the US dollar right they wanted to dismantle the US dollar as the world's reserve currency how do you do that well in a digital world it becomes a little bit easier especially with real world assets

tokenization and everything that's that's transpired over the last couple of you right so so let's just consider what they did so project ambridge is basically ready to go live right for for central bank digital currency to provide settlement in what not the u.s dollar this is the goal it can be in anything literally what it does is it allows for settlement layers to be done in anything, whether that's the yuan, the yen, the euro, could be the dollar, but probably not, or it could be something like gold and silver. Right. So when they put together Project Embridge, it's the digital way to settle from country to country

on financial transactions outside of the U.S. dollar. Right? When you add all of these options, it just makes the U.S. dollar less than the reserve currency of the world, right? So I believe this is what's behind their 30,000 tons of gold that they own. Whether it's, whether it's the People's Bank of China or financial institutions in China or jewelry or investment grade coins in bars or, you know, just people that own it, it's actually greater than what's how many ounces of gold are owned in America right now, right? Which it's like, okay, you've got all those people. Of course, it's a billion person population.

But yet when you look at the aggregate number, they're saying by action, not necessarily by word, but by action, we have more gold than the West. And we can now settle in something other than the U.S. dollar, which then therefore makes the BRICS. nations a stronger international trading block in the United States or even in Europe. Yeah, I mean, it's their goal. That's always been their goal. And gold helps to accomplish that by, I guess, you know, if you think back to Bretton Woods, right, and you think about post-World War II, who had the most gold?

Us, because, you know, unfortunately for them, they had bombed a lot of the gold, right? So Europe didn't have what we had. So if we need to set up some kind of system, and that system relied on the U.S. dollar being the world's reserve currency. And you and I have talked about this before, that Pegg became unwound in the 1970s and Nixon and France, et cetera. But still, I think that sort of hegemonic influence has existed for quite some time. And it's to the chagrin of these emerging market countries, these third world nations, who are,

by the way, no longer that emerging. I mean, you look at China, for example, today. and they're doing quite well. And they want to be able to have their own autonomy and independence. I understand that. I don't love it. I mean, to me, King Dollar, I want us to continue being the power that we are, but I'm also a realist. And I think, you know, the handwriting's on the wall, things are changing.

I guess as an investor, you know, we have to kind of separate these things in terms of, you know, how I feel as an American, as a patriot, et cetera, and how I feel as an investor. The reason I personally, and I emphasize sort of my personal interest in gold and it's been for a long time, I feel that that sort of fundamentally helps protect me against some of the other things I like investing in, let's just say, in the tech space. And then there's the geopolitical issue as well. But outline that for us, if you would. I mean, why is it, one, something that's good in terms of, I guess, a hedge against inflation, a hedge against tech, bubbles and then a hedge against geopolitical concerns because I see it as sort of a three-prong

investment. Yeah, it is. And I'm listening to your talk and something that you said was so absolutely brilliant in that why? Okay. Thank you. But it was. It was brilliant.

You talked about Bretton Woods. Why did the U.S. dollar become the world's reserve currency? Because we had the most gold. Right? So fast forward to today. What country has the most gold? China.

Right. So, so, so, you're seeing this paradigm shifting moment moving towards, you know, follow where gold flows go. Right. I mean, there's, I don't know what the reason is, but throughout the centuries, throughout the millennia, throughout the beginning, since the beginning of time, kingdom, kings and kingdoms have fought after gold. You know, they, going all the way back to the old testament. It's right. It's like this is what has always maintained value and it kind of always does. Now currencies may come and go, you know, exchange rate risk, political risk, purchasing power risk. You've got geopolitical issues. Countries can come and go. Kings and kingdoms can come and go,

but yet there's something that remains solid and true over time. And for whatever reason, it's been gold. So when you look at it from the international monetary standard, it's, it's moving. Now, gold is the number one held asset by central banks now globally. It surpassed the U.S. dollar. This is wild to me because when you consider what what do banks do, Central banks, J.P. Morgan Chase, Bank of America, any bank, what do they do? They lend money. So if banks are in the business of lending money, how do you lend money? You have to have collateral to back up your loan. You can't lend something that you don't have. So the fact that central banks around the world now own more gold than they do U.S. dollars, that tells us one thing. They view gold is a higher

value collateral than they do the U.S. dollar or the euro or the yen, because they need an asset so they can lend money. I mean, it's as simple as that to me. So you can't lend money if you have a worthless asset to to collateralize your assets. So they're looking at gold. I mean, this is something that's real interest to me because you go back to the Basel 3 Accord from years ago. What did it say? It made gold a tier one asset, which puts it on par

with currency in central bank standards, right? Now, what did China just do? China over the last few months went one step further. They already recognize gold as a tier one asset, but they made it an HQLA, a high-quality liquid asset, which means that settlements between countries, you can either use your own currency that you want or you can use gold. And high-quality liquid asset means it's on par or the exact same as your currency. See, banks around the world are starting to look at gold as a collateralized asset against their loan. I mean, why would you do that?

Because it has value, right? And to me, when you look at the Fed, the Federal Reserve, I don't understand why in the world they value their 8,500 tons of gold that they own at $42.2 in 2 cents an ounce. It's an archaic mechanism. So there's been talk at the Fed. It's like, well, let's just actually mark to market here. Let's have our 8,500 tons of gold be valued at $4,000 an ounce. What would that do?

Well, that would actually increase their balance sheet, allow them to lend out more money. I mean, it's this very stupid policy to have gold value to $42 an ounce. I mean, that's what it wasn't in the 50s, right? But let's see, if they were to market their gold holdings, now they're going to be on the same playing field as other central banks around the world that they can now lend out against that because central banks are looking at gold as collateral, necessarily currency. Okay. So if we are to assume that every country in the world wants to have this independence, right? And to your point, they're going to continue accumulating gold,

how do we explain what's just happened in recent weeks? Like, why would gold be going down? It seemed like we were heading towards $6,000 an ounce and then all of a sudden this pullback, is it a healthy correction? I mean, again, like, you know my position. I actually have been getting in, much like China during this time, but I'm sort of saying like, why isn't everybody else getting in? So it is a healthy correction. We got really overbought status over the, you know, in 2025, you know, silver was up 140 something percent. I know it was up 70 percent. I mean, it was amazing. I mean, it was actually sort of alarming. I know. Yeah, but, but why? It's because you get those kind of that kind of price action because people say, I want something that's going to have value

that's going to grow. And then at the end, you always get fear of missing out, right? It's this fomo. It's like, oh, look at this trend and I missed it all. We're going in. And then you get this bubble frenzy. But here's an interesting thing to me. It's like what caused the pause of that bull market? It was the Iran conflict. Right. So January 30. the opposite though you would think right so so you would think that that would because during times of geopolitical conflict you know issues gold and silver tend to be flights to quality however the narrative shifted i mean if you're watching any financial news program if you're looking at news stories it's like the narrative shift you can see it i can see it everybody can see it what did it

turn into it was all about inflation from the price of oil how do central banks slow down inflation they raise interest rates so instead of supply and demand which let's just look at silver for example what is silver used for AI chips cryptocurrency mining all electronics solar power nuclear power you know aerospace all of that has increasing demand and i don't see that demand going down But what overpowered the fundamentals of supply and demand? It was this narrative that was being driven into our brains from every financial news program on earth saying, hmm, the price of oil is going up because of this conflict in Iran. And because of that, we're not going to have lower interest rates anytime real soon.

You've got to raise interest rates to slow. So since January 30th, you know, when silver and gold basically hit their piece, and then the Iran conflict started in February. You've seen this consolidation. It came down and now it's been moving sideways because of that narrative. Now, if you look at what's been happening to the price of precious metals over the last few weeks, people are getting tired of this narrative. I can tell, right?

What if this conflict goes on for another five years or 10, like Afghanistan did, right? Does that mean that the demand for silver is going to go away? No, AI is not going anywhere south, right? Neither is cryptocurrency mining, neither is electronics, right? So the demand is going to continue to increase. And what people are starting to look at is, let's look at the fundamentals. What if this conflict does go on for a long time? Then we should actually start looking at things politically, geopolitically, hedge funds,

big banks, they all see that, right? That maybe this goes on for a while, maybe it doesn't. But to me, it's human nature. If you go back to 9-11, right, what happened? You know, this war on terror started. The Patriot Act came into play. The Department of Homeland Security was created, and you had TSA.

It's like, crud. Now I've got to take off my shoes in my belt and I have to do all the stuff when I travel, right? And so, and it was this extreme moment that everybody thought our freedoms are going away forever. Fast forward just a couple years beyond that. Now, TSA is a normal thing. Department of Homeland Security is a normal thing. The extreme becomes normalized over time, right?

And so just like the narrative of this conflict in Iran, you just keep hearing it and hearing it and hearing it. It becomes normal everyday talk. Right? And so then people start to look at the fundamentals of the markets rather than the noise. I hear you. Because that's why. We've talked about this. I mean, and having been so many years in the financial media, knowing that, you know, it's the same as in the local media, right? If it bleeds, it leads. And it's the same kind of thing in financial media. And I always say this to people, be really, really careful. I mean, I tell members of my own family, like you have to turn off.

And I say this as a former CNBC employee, right? As a former CNBC anchor, you've got to turn it off because it will actually color your judgment in ways that I don't think are productive or helpful because you get divorced from those fundamentals. It's one thing to be a day trader. If you're actually in this for the long game and for the long haul, you've got to be thinking more strategically about those fundamentals, which is why, again, like, look, I see gold going down. I'm not looking to turn it next week. this is something that for me, like hopefully, you know, I have that well into my old age. And everybody has different, I get it, different levels of sort of tolerance, if you would. But to me, it's one of those just fundamentals that you want. And so when something goes down and it's looking fundamentally

better, I wasn't buying it, by the way. Can I say that? I wasn't, I was nervous at 5,000. I mean, I still liked it, but I was like, I wasn't selling it either. There's no way I was going to sell it. But I was like, wow, it's 5,000. I don't know as like, you know, this is where my entry. tree in, I just kept thinking I wish I had more. Why didn't I buy it when it was lower? And so, you know, again, it depends on your trajectory. It depends on your time horizon. I mean, even at 5,000, I'm going to be honest. I still thought it was okay because I'm like, wait a second, like this is 10 years from now. I know it's going to be more than 5,000. I mean, I can't guarantee you, but I think given the trajectory of where we're heading in the world, I consider that. I don't,

I don't necessarily, this is weird to say, Dr. Kirk. I necessarily don't want, like, my silver going up 160% in a given year. I mean, it's great, right? But, like, I look at it as sort of this, like, steady incline that, you know, it just kind of grows and it grows in asset value and it grows in my portfolio. And I don't need it to do crazy stuff. I just need it to keep progressing. Yeah.

You just wanted to outpace inflation. Thank you. I mean, when you see, when you see metals going up 100. and something percent a year, you look at what uses silver. It's electronics. It's solar. It's electric vehicles. It's batteries.

That means we've got massive inflation. You see oil that go up. And people look at investments. Like, I want to take advantage of this investment. I hope it goes up 100%. It's like, do you really? I mean, literally, if that happens.

Same thing with like semiconductor stocks, right? I was talking to somebody today who is, you know, upset about, you know, in video coming down from its highs. but I mean, it's kind of going back up. We'll see how it all shakes out. But I'm like, look, unless you're getting rid of it tomorrow, like don't mark to market here.

I guess you could take a page out of the Fed's book, right, with the $42 gold, but you kind of need to look at the longer term horizon. I think that you do. I think you have to look at your investments like your kids almost, right? It's like you invest in something because you want it to grow over time. You, I mean, you're a mom. You're a good mom and you instill time, love, training in your kids knowing because down the road when your kids turn 18 or 20 and they become productive adults, you've invested in them and you're going to get a great return on your investment in your hands, right?

I mean, so let's hope. But if your kid has a bad day when they're 14 and they're giving you lip and they're mouthing off and they make mistakes, do you get rid of them? No, you don't. Same thing with investments, right? You look at this, why am I investing the way that I am? Is it going to make sense down the road? I'm not talking by and hold forever. I think that's stupid. I think day trading is stupid too. Right. But when you can identify these emerging trends, you allocate into it because you see something down the road that is going to be very impactful to society, to technology, to whatever. This is why AI stocks right now are just bubbling over at the top. It's like, oh, AI is going to change the world. And I use Claude. It's like one of the most productive tools that I've ever seen ever. And I think I'm a smart guy. And it's like, okay, you, I ask it the right questions and it can spit out something in like five minutes. It would have taken me three weeks to get done normally. It's like this is amazing.

And I look at that. Oh, my word. That the, I love it. But, But the implication is, I don't need to hire people to do this anymore. Right. It's like, so the implications of society are going to be extreme, but you look at these trends and you look at this technology and moving forward, you want to invest in something that is going to grow over time because it has a fundamental shift to the way that we live. So AI is bubbling over. Does it mean that it's not a good investment moving forward?

No, it just means it's a bubble right now. It's like I probably would buy it more on a dip. but look at gold central banks are allocating into it how we started this show with you know China's allocating into it by the tons the world is changing from fiat based money to something different what is the something different is it going to be a gold backed currency is it going to be digital money well it might it might just be both I mean right I mean if you if you say okay you know we're going in this digital direction and there's a lot of pros and cons about all of that. I mean, if you still want to be the currency of trust, of value, right,

you're going to want to have deep pockets with gold. That's, I think, what's going to command the most sort of presence. Okay, you know, great, you got Bitcoin, but, like, other than maybe being the cool kid on the block, like, it's not going to be as, and I don't say this to dis Bitcoin. I actually invest in Bitcoin, too, but I see these as two very, very different kinds of investments. So for so long people were like trying to group them together. And I'm like, no, no, no, no, no, no, no. Like, forget about it because they're two completely different things. And gold is that steady eddy that's going to command you the respect on the international stage.

And, you know, Bitcoin is pretty cool and pretty happening. And, you know, for sure, you know, we'll see. Because there's a lot of different technologies warring with each other. It's hard to pin which one is going to fundamentally succeed in the end. Is it digital gold? I just think that's kind of a bad. comparison. Do you know what I'm saying? Because they are so different. I mean, they're, they're so different, but yet they're almost fundamentally the same. It's like when you think of why do

people invest in crypto and why do people invest in gold and silver? Okay, let's look. Number one, they want growth. Number two, they want safety. Number three, they want privacy. Number four, they don't trust the system. Okay, that's why people invest in crypto generally. And that's why people invest in precious metals. Now, how they are and what they are two completely different things. One's digital, one's physical. Right. So for a lot of my clients, for example, they're 55 plus and it's like, I don't know how to set up a wallet, a digital wallet. It's like this makes no sense. Well, what if, what if there's an EMP blast? What if the power goes out? What I'm when what if there's quantum computing and it steals everything? All legitimate concerns, right?

I mean, but but yet gold and silver, I don't care if there's an EMP blast, it doesn't go away. It's a thing. Right. It's a thing. It still accomplishes the same philosophical goals that maybe cryptocurrency people have, which is they don't trust the system. They want privacy. They want growth, right?

Same thing, but it's just a different way to accomplish it where a younger person might want crypto, an older person might want gold, right? when I look at it and you invest in something to eliminate all of it's like eliminating the risk of of technological failure or theft is really where where gold and silver can thrive and shine and do so much better than you can with even cryptocurrency yeah i mean look i you're preaching to the choir I mean, we're kind of like, we're becoming an echo chamber. I got to watch that. Although we had a few caveats in there.

Listen, I think what you guys are doing is great. I know that you have the real McCoy, like the real stuff. You get the actual gold with Dr. Kirk and his team. So go to Trish loves gold and silver. Don't forget about silver because as you heard Dr. Kirk explain, I mean, this is the play on the technology of the future. And so there's a lot of different reasons, not just the sort of, okay, I want to have a precious metal. but I also want to be investing in some of these things that, you know, kind of give me exposure,

if you would, to that future of technology. So lots of reasons to do both. That's why Trish does love both gold and silver. Trish loves gold and silver.com. And Dr. Kirk, you got a great team over there, so you can really walk people through things. I mean, we appreciate your transparency, transparent on pricing, and transparent in terms of helping people to figure out what they may need right now. Well, thank you so much. I mean, it's it's a labor of love for us. It's our passion running in people on to safe. And who doesn't love talking about gold and central banks? I know. It's fun. Well, at least it's fun for us. All right. Well, good to see you. Thank you. We'll be watching gold and silver prices together. Thank you. It's good to see them. Anyway, so again, you know it. Trish loves gold and silver.com to learn more about all of that.

Anthony Fauci. I mean, did you see any of this? I mean, what am I supposed to tell you? He just kept taking the fifth over and over and over again 111 times today. Yeah. Dr. Anthony Fauci taken the fifth 111 times. I mean, unbelievable. I'll tell you, Rand Paul, he's out for blood. I mean, he was like tweeting ahead of the thing earlier this morning. Like, get ready, get ready. You know, everybody was getting ready for this. It started at 8.30 Eastern. And you had Ren Paul saying after the fact, I mean, after he had even kicked the lawyer out, that was good, that look, he really shouldn't be getting immunity and he can't be taken the fifth.

I want to go to him making the point that we need prosecution on this guy. He's not out of the woods yet. Do you hold Dr. Fauci in contempt? Do you think that you would have the motion to do that? That's the vote that will happen in committee next week. It will be in contempt of Congress. We believe that with his liability, his immunity from criminal liability, that he didn't need to hide by the Fifth Amendment, and that maybe the Fifth Amendment doesn't attach when you have a pardon in place.

That'll be a legal question. But the question on contempt will be voted on, and then there's a question of whether or not the Department of Justice will take that up. You know, I've recommended it before for his criminal prosecution, and neither the Biden DOJ nor the Trump DOJ have taken it up. All I can do is recommend prosecution. I can't initiate a prosecution. I mean, he's got an excellent point. I don't know how you take the fifth when you're already pardoned. I mean, that's kind of redundant, shall we say?

I mean, he was pardoned unless they think that the pardon is no good, which, by the way, may actually be the case. I mean, clearly, this lawyer is concerned. This lawyer is concerned, and clearly Fouch is concerned enough. he has to keep taking the fifth over and over and over again. I mean, it's really pretty bad, everything that's coming out. So some of this, like, I've told you guys before, I knew in February of 2020 that there was this lab in China, in Wuhan, China, and there was sort of some chatter out there that something had gotten leaked from the lab in China. Well, Fauci knew this, too,

and he wasn't willing to, you know, come clean on any of it. In fact, the reason he wasn't coming clean on any of it, and I didn't know this at the time, was because we were the ones that were bankrolling the lab in China. So effectively, we kind of did this to ourselves. I mean, if there's no greater lesson here, it's that you're going to run gain-of-function research, and this also came out today that the CIA knew this research was going on.

Look, what are you doing running it in China? Like, why wouldn't you want that being, run someplace where you could contain it, someplace where they have maybe a little bit of a better standard of operating. They have some operating procedures, and they're not going to actually let this stuff leak. And I guess there was also some fear that maybe it was even deliberate. I'll tell you, Rand Paul was furious today. He wanted no part of any, I mean, he was just like, you've got to be kidding me. You've got to be kidding me. You've got this lawyer here seated alongside you as you take the fifth on everything. He got so frustrated with the lawyer. He kicked

him out. He kicked him out of the hearing. Let's watch. You are not, you are not recognized, and you, you are not recognized, sir, sir, you are not recognized. Security, we'll, we'll hold off, but you will respect these proceedings. You were told not to sit at the table. You insist on sitting at the table, and we told you you would not be recognized. You are not invited here for testimonies. sir, you are being disruptive. Would you behave this way in a courtroom? No, because the judge would put you in jail. I can't do that today, but I can have you escorted from the premises. So I would say, sir, sit quietly and don't say another word. I said, sit quietly. You are not recognized. Another word and you're gone. Does he say another word? Mr. Chairman, I'd like to hear what the attorney has to say.

He is not recognized by the committee or the chair. If he speaks again, he will be removed from the room. This testimony is from Anthony Fauci. This is not a game with his lawyers. He can advise. His lawyers can give him advice. He's got a half dozen here. They're all allowed to talk to him. All right? But the attorneys are not recognized. In fact, the attorney was told not to sit at the table, and he's not obeying that recommendation. There's a row behind you, sir. That's where you were told to sit, and you're not. And now you're disrupting the proceedings. And so, look, this is the way Anthony Fauci wants to be remembered for a lawyer not listening to the rules. That's the way you want to be remembered and that's what you're going to do. You are not recognized, sir. Security, please remove him from the room.

So you see, he has no microphone. So you can't hear him. He gets a round of applause when they remove him. Security removes him from the room. Okay, and there he is. He's taken off. Gosh, he's like, do not say anything. Just keep on. Take him. Taking the fifth. Take in the fifth. Let the record state that Dr. Fauci will still have the advice of the other half a dozen attorneys that he brought along today. The other half a dozen, he had six more attorneys sitting there in the courtroom. Are you kidding me?

Oh, he's in trouble. He's definitely in some kind of show. Hence the 111 times of taking the fifth, even though he's been pardoned. So go figure on that. I mean, a lot of stuff is coming out. We learned about the diary, of course. he seemed to be quite obsessed with his fame, his own fame. He seemed to be quite obsessed with these awards,

had basically employees helping him to get some of these awards, some of which were monetary awards. I mean, they just couldn't fling enough money at him, right? He was the guy who was going to basically shut down the country. Listen, so many of us have so many interesting and wild stories to tell from that particular time. I mean, me, myself, and I, I thought it was nuts. Like you can't shut down the country. I mean, I didn't even know how bad COVID was at the time or anything. It just seemed like it was a CNN red alert nonstop. And I thought, okay, if it's that bad, you got to have a better way to go about it. And what is the market doing tanking 2,000 points a day? Are you kidding me? And now the president's going to shut down the entire country. He came out with a tweet today early this morning ahead of all this and reminded everybody that he actually didn't shut down the entire country. He allowed for

each and every state to do what it did. And so, in fairness, yeah, he went back to the federalized system. But what did these states do? Well, if they were blue, they shut everything down. Remember Gretchen Whitmer out there, you know, in, in the Midwest, basically making sure that you couldn't even go to your vacation home two miles away, but her husband could go out on his boat. Nobody else could. but her husband got i mean it was like such a classist thing too because at some point you had like obama with his parties in martha's vineyard and the servers that were working the party had to wear the masks but the partygoers didn't or you think about gavin newsome and his lunch at french laundry while he's telling everybody else to be in lockdown or i think about a woman who was

the mayor of chicago who said i'm going to shut down all the hair salons and yet she had her hair and makeup artist, lovely woman that she was, she said, well, I'm the face of Chicago. So the hair and makeup artist was coming to her house. I mean, it was really bad. It was just so bad in every single way, shape, or form. And like you had libs that were just drunk on power, totally drunk on power. And it's all thanks to Fauci. He was giving them that power, right? So yes, Randwan's prosecution of Fauci. You also had Senator Moreno who glommed onto the lawyer thing, right? He's like, wow, you've got a lot of lawyers here. I mean, you must be in some serious trouble, buddy boy, right? Like, why do you have so many lawyers? This is pretty good. I mean,

I want to show you this because Senator Bernie Moran, I mean, he just got, I think the New York Post had a headline. He got burned. I mean, really and truly burned. That's how bad it was. So let's go to Moreno. You're in some deep. You know what. Woo. The Constitution, to my aid, he'll bring it over to you so you can have it for future reference. I think it's something that every American should know what the Constitution says. Do you know who wrote the Fifth Amendment? On the advice of counsel, I respectfully declined to answer based upon my rights under the Fifth Amendment of the Constitution. So you're invoking a right that you don't know who wrote it or what it says. Is that correct?

On the advice of counsel, I respectfully declined to answer based upon my rights under the Fifth Amendment to the Constitution. Wow. Well, let me tell you who David Shirtler is for the audience because he was ejected by the chairman. He's a high-profile criminal attorney. he's represented some really great people, like Senator Bob Menendez. Maybe that's somebody who my Democrat colleagues may remember took gold bars as bribes from the Egyptians. And there's an article here in a Washington Free Beacon that talks about why you would hire Gaila Thurber Shirtler. And the comment is, if you're in deep shit, that's who you call.

Do you feel like you're in deep shit? Whoa. On the advice of counsel, I respectfully declined to answer based upon my rights under the Fifth Amendment to the Constitution. Clearly, what you think today is that somehow you're above reproach. Somehow you feel like you don't need to be treated like a normal American. Can you do me a favor in the audience and stand up if during the time of the COVID, pandemic, you were called a racist for calling the virus, a Wuhan virus or the China virus. If you thought the six-foot rule was total crap, if you thought the vaccine wasn't something that you should take,

if you thought it was outrageous the way the mask policy was rolled out, if you were fired from your job for not taking that vaccine, including members of the military, if you thought closing schools was catastrophically stupid and that you thought that during these times saying these things made you somehow a lesser human being. Wow. Look at Leverick. Can you just turn on and look at the people behind you? You're not willing to do that?

That's not a question. It's not a question. To your lawyers, not a question. It's a request. All you have to do is look up from your lawyers and look at the people who were absolutely shamed for saying what we know now to be the truth. You can't even look at them? That's a question. Are you able to look at them? You can sit down in the audience. Wow, wow, wow, wow, okay? Yeah, I'd say he's in some deep doo-doo. I think he's in a lot of trouble.

I really don't think he's going to get off as easily as he'd like to. I mean, if nothing else's legacy, the guy is quite old. He doesn't look that bad. for his age actually, but he's quite old, and he's destroyed his legacy, for sure. I mean, what a, what a dunce, right? Like, what a bad dude who the power went to his head, the celebrity went to his head, the money clearly went to his head. And I think that, you know, this is the day of reckoning, and it's important. And as we talk about the party overall, the Democrats, they were so heavily aligned with him. They saw him as a conduit, a way to, to capture the election, to get Trump out of office.

It was exactly what I always feared. And sure enough, that is what came to transpire. So I'll just tell you, Bernie Moreno, wow, for the win on that one. Josh Hawley as well, he completely destroyed him. I mean, really just unbelievable to see today. I want to go to Senator Hawley because this is pretty much worth seeing. He really grilled the, you know what, out of him here. My goodness.

Chairman. Well, nothing says honest. like taking the fifth, huh, Doc? Let's try something. What day the week is it today? On the divisive counsel, I respectfully declined to answer based upon my rights under the Fifth Amendment to the Constitution. What color tie you're wearing? On the advice of counsel, I respectfully declined to answer based upon my rights under the Fifth Amendment to the Constitution. What colors the carpet in front of you? On the advice of counsel, I respectfully decline to answer based upon.

my rights under the Fifth Amendment to the Constitution. Let's just get one thing straight. You don't have any rights under the Fifth Amendment because you've been pardoned, as you very well know, as the Supreme Court has been clear for a century and more. Brown v. Walker, 1896, when he has been pardoned, he may not stand upon his privilege. You know that. Your lawyer is sitting behind you now shifting nervously in their chairs. They know it.

This isn't about the Constitution. This isn't about the law. This is about contempt. Contempt for this body and contempt for the American people. But I think I know why you're doing it. It's because you don't want to answer questions. It's because you did all kinds of terrible things. It's because during the pandemic, you got rich, didn't you?

You got rich while people were dying, hundreds of thousands of Americans over a million in the end. And you were getting rich, and not only were you doing that, you were using federal employees with taxpayer money to apply for and solicit cash prizes for you personally. Cash prizes totaling over a million dollars. You did all of that during the pandemic, didn't you? That's a question. On the advice of counsel, I respectfully declined to answer based upon my rights under the Fifth Amendment. Okay. By the way, quick shout out to my company, 76research.com.

Check out those model portfolios. Doing great. Really doing great. A lot better than Mr. Fauci is. I hope he invested his money well. You know, you would have. of if you took my advice actually back then because I was like, and what did I do?

I actually was buying the market back then because it was nonsense. Like the fundamentals were still good. Yeah, you know, the world went a little crazy, but you have to be able to see through all this stuff. And a lot of these lefties just couldn't. Maybe they could, but they wanted to see what they wanted to see because they knew that that meant more power for them. They could be the communist they'd always dream to be in heck, right?

Like it all happened for them. They could just tell everybody they were racist. They could tell everybody they had to mask up. They could shut down the churches. They could fire people that didn't, you know, subscribe to their ideology. It was nuts. It was so nuts. I remember Kamala Harris and Nancy Pelosi, like saying they weren't sure if they were going

to take the vaccine if Donald Trump was still president. It was so politicized. It was so politicized. It was awful, awful, awful, awful. Well, I hope we never go back to those days. and if Anthony Fauci needs to be the example that we hold up, so be it, okay? He clearly knows that he is some kind of example. He clearly knows he's in deep, you know what, as Senator Moreno pointed out.

And they're not done with them. Mark my words, they're not done with him. Okay, don't forget, 76research.com, you've got to start investing in yourself, in your family, in your future. Go look at that, 76 Research.com. You can get it for a dollar a month for the first two months, and it goes to $9.95 cents thereafter. Hopefully, we can help you out a little bit. The portfolios are great, though. So try to get the portfolios if you can. Great to have you guys all here. Thank you for doing all you do to make the show

a success. Please make sure you subscribe, share, like, make a comment. I do read them all. Great to have so many back here. I know, peace of my mind. It was awful. People did have to die alone. It was awful. And you think about the tragedy that all of us are left with the trauma of all of that. You know, I have so many stories. Thank God. My family's still alive. I did lose an uncle and I had some friends who lost their parents and they couldn't even go inside to comfort them in those dying moments. It was awful and we can never allow that to happen again. Never, ever, ever. We won't let it happen again.

Thank you for being here. Make sure you subscribe. We'll see you tomorrow.