#708: Why Silver Doubled in 60 Days with Josh Phair
TFTC: A Bitcoin Podcast
Marty Bent
4.8 • 804 Ratings
🗓️ 26 January 2026
⏱️ 69 minutes
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Summary
Marty sits down with Josh Phair, founder of Scottsdale Mint and Wyoming Reserve, to discuss the global metals war unfolding between the US and China, why silver has doubled in two months, and how the scramble for critical minerals is reshaping the financial system.
Josh on Twitter: https://x.com/JoshPhilipPhair
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Transcript
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| 0:00.0 | You've had a dynamic where money has become freer than free. |
| 0:10.0 | If you talk about a Fed just gone nuts, all the central banks going nuts. |
| 0:16.0 | So it's all acting like safe haven. |
| 0:18.0 | I believe that in a world where central bankers are tripping over themselves to devalue their |
| 0:23.5 | currency, Bitcoin wins. |
| 0:25.3 | In the world of fiat currencies, Bitcoin is the victor. |
| 0:29.2 | I mean, that's part of the bold case for Bitcoin. |
| 0:31.9 | If you're not paying attention, you probably should be. |
| 0:36.2 | Well, it's been about a year since we caught up and you probably do need security guards |
| 0:42.0 | with guns now because the metals complex has had one hell of a run. |
| 0:48.3 | Silver just this morning went over 100, hit over $101 at some point. Cold's approaching $5,000. |
| 0:55.0 | And I had to reach out to you because, as I was saying before we hit record, |
| 1:00.0 | I'm convinced that those in the know of what's going on with the metal flows know the actual story of what's going on. |
| 1:07.0 | Because it seems pretty big right now. |
| 1:10.0 | It's without asking any leading questions, I guess just jump into it. |
| 1:14.0 | What have you seen? |
| 1:15.0 | What is going on with the metals complex as a stance today? |
| 1:20.6 | Yeah, I would say, I mean, clearly, we could talk about all the monetary reasons, the, |
| 1:25.7 | you know, expansion of debt, all those things that are really taking place. |
| 1:31.2 | And frankly, what started really around the time of the Ukraine war, I think it's set the stage |
| 1:39.7 | for what we're seeing here, which is an exit of globalism and trade relationships which are not just |
| 1:49.0 | broken, but we're now in war over resources. And then the resources that are critical to the |
... |
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