Is it Fear that Motivates You to Accumulate Precious Metals?

Added: 2026-05-21

[00:00:00]Is it fear that drives you to invest in silver or gold for that matter or any other tangible asset?

[00:00:09]Well, that's the question we're going to be looking at today. Today is, by the way, Wednesday, May the 20th of 2026.

[00:00:17]It's about 3:30, so we've got about a half an hour before the market closes in New York. I thought we'd look at where the silver market has been today and a little bit earlier this week and then go ahead and talk about that exact question as far as fear and what it causes us to do. Well, today we started out at $73.56. just starting to look at.

[00:00:42]Certainly nothing that's established yet, but it's starting to get a little bit better established as the days go by. It's been as low as 7302, which is the second day that we've actually touched this support line. Although one of those days was when we set the support line and again, a very new range that we're looking at. Been as high as $76.74.

[00:01:07]And right now we're at about $75.

[00:01:10]And I think about 80 cents right now, up a little more than $2 for the day. And again, about a half hour of trading left to go. So it looks like it's going to be an up day. Very low volume today. It may end up actually being one of the lower volume days in sometime.

[00:01:27]Looks like it's going to be less than 50,000 contracts trading today.

[00:01:33]Yesterday, even though it was a big move, was only about 50,000 contracts.

[00:01:38]And contrast that to Friday when we traded 91,000 contracts on the COMEX futures market. And so we have been experiencing wider volume, which gives you an idea that there's not a lot of conviction down here at the lower point.

[00:01:54]It seems like every time it bounces around this lower point that it catches a little bit of the bid and it starts to go back up. Now, whether or not that continues to hold is anybody's guess.

[00:02:06]We're certainly in a news-driven uh environment right now and if bad news comes out, you can look for it to drop through uh that uh temporary support line very quickly, but barring anything unusual, it looks like we're testing uh this as far as seeing if that's going to actually be support or not at $73. And if it turns out to be that way, we might see it start go back up again. Remember the last time we had a long-term range uh around $70 an ounce, and it just kind of bounced around that lower end of the range for about a week, and then once it finally got off of that, once it couldn't punch through the lower side of it, it started to go up and it literally took us into the next stage of a bull market or at least a a leg of the bull market, went up to nearly $90 before it started to drop. I think that was on the 13th or 14th of May, and then since that point, we've been coming down and we are where we're at today. But, this will give you an idea of where we're at. The Shanghai market's trading about $9 higher than the Western markets. That's a little bit lower uh than it had been.

[00:03:20]It had been trading about 13% higher than the Western markets in London and New York, and now it's trading about 12% higher. So, not a big difference, but it is coming off of that uh 13% uh plus uh premium that we had had for over a month, and so something to keep your eye on. Right now, the vault um uh the totals for the COMEX have really not changed for nearly 2 months now.

[00:03:48]They're still right around 315 million ounces with about 80 million uh in the registered category and another 235 million in the eligible category. So, that'll give you an idea of where we're at just as far as the numbers, but again, I really wanted to talk about one of these primary motivators for a lot of people when it comes to investing in precious metals, silver and gold especially. And And also, I want to talk about uh what cautions that we need to take in that. I want to start with a with a a real-life example. It was a lady who we knew very well at church. She was an older woman, about I think she was in her 80s. She had a sister that was about the same age. I think the sister may have been married as well, but an older couple anyway. And And the lady at church's sister and her husband lived out in the country. And out in the country, it's not a bad idea to get a good dog for protection, and that's what they did. They got a They got kind of a a good guard dog for protection. As a matter of fact, I think they got a couple of pretty good guard dogs for protection. And at first, it worked out pretty nicely. You kind of need a little bit of extra something when you're out in the country, but after a while, things started to get out of hand. And And these dogs started to breed. And after a few years, all of a sudden, these dogs that they had gotten for protection had started to kind of overwhelm them. They got very expensive to feed for one thing, but they also had no discipline whatsoever. They were too old really to instill good good discipline within them, and the dogs were just too much for them. It got to the point where they were actually living in fear of the very animals that they had originally gotten for protection.

[00:05:51]And I I think that in a nutshell is why a lot of people invest in precious metals.

[00:06:00]They they look at their government, which when it's working right is very efficient at offering a level of protection to us. And And the protection is is twofold. When we get on a national basis, we have a national government that protects us from outside threats.

[00:06:19]And when we get on a local basis, we'll have a police force or sheriff's department that will protect us from local threats. And as long as they are doing their job and they're not getting too intrusive, then it works out very well. But what happens when that situation gets to the point where it does become intrusive?

[00:06:41]I think that really is what a lot of people are very concerned about with the AI explosion in in recent years. And especially when you think about how much information that our own government is now collecting on each one of us. And not just that, but also how they're using it.

[00:07:02]There's a a false saying within law enforcement that if you haven't done anything wrong, you don't have anything to worry about. And as long as you're talking about honest people on both sides, that's true enough. But what happens when you have an authority that begins to become abusive?

[00:07:20]I just heard something the other day about a dad. I think he was over 60 years old and he had worked all of his life and he had a pretty good savings account. And he decided he wanted to help his daughter out with a down payment on her home. And so he wrote a cashier's check or tried to write a cashier's check for the amount of that down payment. Well, the bank blocked it. They They called him in. They interviewed him as if he was some sort of a criminal. They asked him if he really knew what he was doing, if he exactly what he was doing. And And a lot of people will say, "Well, that's good. A lot of older people are taken advantage of." And that's true.

[00:08:01]But the moment that that father said, "I'm giving this check to my daughter for a down payment," the conversation should have been over. At that point, the bank had done its due diligence, and it was no longer any of their business.

[00:08:17]But that's not the way the bank looked at it. And how come? Well, there's so many governmental regulations now that are structured in order for the banks to spy on their clients.

[00:08:29]At first, it was something very reasonable. It was something to try and prevent crime. It was something to try and commit drug dealers from laundering huge amounts of money. But then they got to the point where they were now just looking at increments of $10,000 and above. Something that drug dealers would probably scoff at as far as being a good way to do business or anything that they would even consider having to launder for that matter. And so, what's happened is now we have the very authority that we want to be protecting us actually becoming more of a threat.

[00:09:08]And acting as if normal behavior is suspicious behavior.

[00:09:14]And starting to act as if you are some sort of a criminal for just living your life in a normal way.

[00:09:22]Well, a lot of people have gotten tired of that. And so, that's one of the ways that they have tried to get out of the system is by buying precious metals. And as long as they're honest about it on their side, they keep receipts when they buy and when they sell and pay the taxes that they're supposed to pay when they make a profit off of it, that that should be enough. That's where the conversation should end.

[00:09:45]But very often we're getting to the point now where it's just starting to get out of hand.

[00:09:52]And and we essentially have what was supposed to be a guard dog or two starting to breed and getting out of hand and starting to get really hungry and require a lot more food or money on our part just to be able to maintain them and maintain and to keep down their threat to us.

[00:10:14]When the only reason we had them in the first place was for them to make sure that we didn't have threats against us.

[00:10:21]Well, there are a number of people within this community that that's the very reason that they invest in precious metals. It doesn't have to be intrusion by an authority. It can be anything. It can be obviously a fear of the economy going bad, a a concern for our our huge national debt and our profligate spending in so many different areas. There can be all sorts of legitimate reasons. But what I want to really encourage you on is something that Stonewall Jackson brought up quite a number of years ago. Stonewall Jackson was a Civil War general and one when one of his subordinates expressed his fear about a certain situation, Stonewall Jackson, one of the bravest men undeniably that's ever fought, had this comment.

[00:11:14]He said, "Never take counsel of your fears."

[00:11:19]And I think this is what we need to be very cautious on.

[00:11:23]If you are afraid of something happening, maybe a better way to put that is if you're concerned about something happen happening and it's a legitimate concern such as the state of our economy, such as things getting out of hand as far as oversight and and and meddling in what used to be considered private business, things like that. If you have concerns about that, then that's that's good.

[00:11:50]That's not only a natural feeling, but it's also something that I think's important. You can then start taking rational steps, legal steps, but rational steps in order to protect yourself from things like this.

[00:12:05]When that lady and her husband finally got so overwhelmed with their dogs, they finally had to start calling in the authorities, the local animal control and they started coming in and pulling out those vicious dogs from their property to where they could get things back under control. Be nice if we could do that, but what happens when it's the very people who are supposed to be watching over you in the first place and unlike a stupid animal, they still have control over you and they can exercise that control over you.

[00:12:41]And that's where we have to start exercising prudence with our concern.

[00:12:46]We have to figure out the best way that we can handle whatever problems are coming up. The And when I say the best way, we need to go along legal lines in order to do that.

[00:12:58]And if we can do that, if we can start reasonably thinking, this is something that could happen and start taking reasonable steps to protect ourselves from these threats, then I think we'll do pretty good. And I think precious metals serve a purpose in that.

[00:13:14]If you get to a certain point though where where you're counting on your precious metals as your savior instead of just a tool to help you get through, that's when you really need to start looking at at what you're doing. I'm still convinced that that God is the one who's going to take care of us and as long as we're looking out for his best interest, well, he'll continue to look out after ours. And part of that is just stewardship with our money, with our finances, with all the resources that we have, but if we can just continue to remember these are just tools to be used in his service, then I think we'll do fine. We can pray for wisdom. I think he'll give us that wisdom and I think we'll be able to make the best decisions we can. Part of the things that I imagine most of us are looking at, especially people my age, is to try and take care of our families during difficult times. And a lot of us see difficult times not only looming on the horizon, but actually starting to happen right now under our very eyes. And so we do, I believe if we're prudent, need to take some prudent precautions.

[00:14:26]But don't let fear be your counselor.

[00:14:30]If you want to use it as a motivator, that's good. You can use concern as a as a very proper motivator for you to do prudent things. Just don't get carried away.

[00:14:41]I think all of us have certain fears of certain things happening that are not irrational at all.

[00:14:48]We just need to make sure that we don't turn those rational fears and concerns into something that's irrational. It's very rational to get a couple of dogs to guard you out in the country. It was extremely irrational to let them breed into a pack of animals that threatened your very life.

[00:15:06]We just need to do the best we can with what we have. And if you're like me, part of that is investing in precious metals to help you through the difficult times. But again, I want to say, make sure you're keeping your receipts, make sure you're doing it to the best of your ability uh to be honest with this and make sure that you're doing it to be the best steward of God's resources that you can. Then you can use these things to help out your family and maybe you won't get in these situations where somebody tries to prevent you from doing that very thing.

[00:15:41]Well, that's the video for today. I hope it gives you something to think about. I am not pessimistic about our future in any ways. I'm optimistic about that. But I am pessimistic about uh people who have already proven themselves to be up to no good to all of a sudden start doing good. And so I take certain precautions. I don't think that's irrational at all. Let me know what you think about that in the comments. I appreciate certainly your watching and those of you who have subscribed. I hope we'll see you again next time. Take care of yourself and God bless.