Kerry Lutz's--Financial Survival Network

William Briggs, a one time professor at the Cornell University Department of Medicine joined us. He holds a PhD. in statistics. Together we went over the Covid 19 numbers. William explains that Covid is a very typical, and not unexpected pandemic that we see roughly every 10-20 years. We’ve seen them many times before, but this one triggered the first global panic. Everyone started tracking the disease minute by minute. It panicked the entire world. It caused the governments to overreact and quarantine the healthy. And suddenly the healthy became sick. Lock people down and hope for the best. Every expert forgot everything they knew about viruses. Governments have loved and they’re enjoying their new found powers. We all know that this is a disease that primarily affects the elderly. Certain governors shipped off Covid patients to nursing homes and long term care facilities that resulted in thousands of unnecessary deaths. However, as a result, we should see a lower than average flu season this year.And William also discusses the efficacy of masks, or we should say lack of efficacy. There's much here for pandemic skeptic. 

According to Andy Schectman, gold and silver moved too far too fast. But they’re now building a sustainable base around $1900. This dip has led to increased demand and sales are taking off. Never a good idea to chase the rallies. The bottom line is that we haven’t seen anything yet. Business is strong because people understand that this is the same old pattern. Just like 2008, history is rhyming. Supply dynamics are very strange. We’re in the eye of the huricicane. Premiums are the lowest since December. Supply has picked up since the beginning of the year. Heading into Q4 of 2020 and Q1 of 2021, things will pick up. Economy is dying in the upper Midwest. Comex open interest is massive. You’re beginning to see a run on the Comex. High net worth individuals are taking their metal off the exchange. They’ve gone to extreme measures to avoid a default. Raising margins on futures contracts. The eligible refiner list has been expanded to nearly everyone. Reeks of desperation and fear. Beginning stages of a massive run and eventually panic. Beware of bank bail-ins. Andy says they’re coming.