The actual underpinning of this is globalization.

This is like all of these things came out of a market economy that was felt safe and assured because of globalization.

We were importing deflation from China and our clothes are getting cheaper and our oil was fairly good.

And we can add more leverage personally as a company, as a nation, as a state.

But that only works when the ship is sailing nicely and it's calm weather.

Hello, everyone. Chris Martinson here. I am very excited to be talking today with Stephen Flood of Goldcore.

As you know, Goldcore is a company that we do business with and we really love because of their solutions for helping people have access to really highly secure distributed gold and silver storage. So Stephen, welcome to the program.

It's great to be here, Chris. Thank you for having me on.

All things, you know, this is the funny thing. To talk about gold, which, you know, we can talk about

your, exactly how people would go about that. But there's so many reasons now, but the, the thesis

for gold often means you have to, well,

I've been examining this thing called the Great Taking, so this is sort of a legal framework

that's a little dodgy maybe in Lott Thier to unpack, but also geopolitics.

Sometimes you have to be aware of.

Gold is, well, gold is gold.

It is the only other sort of financial asset I'm aware of that Basel has just declared a tier

one asset that isn't somebody else's liability. It's got really interesting characteristics. And so

this is important, and it relates to the geopolitics, which we'll get into. People ask, I was just at

this conference. A lot of people said, well, come on, why are you old gold? You know, you can feel the barbarous relic, shiny rock thing sort of lurking there. You know, how about exciting Bitcoin or some Navity or something? And I said, you know, those things as exciting as they are. Gold has something else, which it has a call option embedded in it most people don't know about,

which is that there's a chance.

I'm not saying it's a big chance, but it has a chance of being called as becoming backing for currency again somewhere out there.

And that call option, I think, is not appropriately valued yet.

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