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Mickey Fulp | I Own Gold and Silver for this Reason + Mining Stocks - YouTube
Channel: Proven And Probable
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Welcome to Proven and Probable I'm your
host Maurice Jackson today we have an
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exciting interview as we're going to
discuss the US financial pandemic we're
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going to find out if resource stocks will
outperform general equities and finally
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our precious metals on sale find out in
this exclusive interview with the
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mercenary geologist Mickey full but
before we begin make sure you click the
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like button click subscribe and click
the bill welcome to proven and problem
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where we deliver mining insights and
bullion sales in the form of physical
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delivery offshore depositories and
private blockchain distributed ledger
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technology thank you for joining us on
proven and probable I'm your host
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Maurice Jackson and joining us for
conversation is Mickey folk the
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world-renowned mercenary geologist mr.
folk welcome to the show sir thanks for
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having me Maurice absolute delight to
have you on the program sir
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I want to speak to you today about the
mainstream financial news networks and
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the narratives that they are pushing on
both sides of the aisle respectively and
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of course depending on the news program
the blame is always cast on the
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political adversaries and never taken
one surprise are they accepting blame
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for championing and implementing
policies that have created the US
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financial pandemic that it just seems to
be skipping over most people's radar as
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we're all focusing our efforts right now
on kovin 19 when you look at the US
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financial pandemic just how bad is the
US economy and did it begin with Kobe 19
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well there were certainly financial
stresses prior to spawning of this flu
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bug in Wuhan China long lived frothy
stock markets that were overdue for a
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correction burgeoning trade and budget
deficits and I think most importantly
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American outsourcing and our dependence
on China for fundamental supply chains
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but there's a little doubt in my mind
that this economy was booming
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despite some some underlying structural
weaknesses and the collapse in my
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opinion was totally due to
draconian government overreaction in
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response to a media crisis so no doubt
this is a very bad deadly flu for the
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elderly and the unhealthy which would
include people that are morbidly obese
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diabetic smokers those with
cardiovascular disease other immune
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system disorders and especially so for
people living in communal conditions but
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I think it's nothing more than that I
mean look at the facts 50% of deaths
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have occurred in nursing homes and if
you add people who are over 65 who are
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not imprisoned in nursing homes it's up
to 75% I can give an example in New
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Mexico 65 percent of the deaths in New
Mexico which are now over 200 are on the
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Navajo Reservation where all of the
above conditions that I listed above
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exist so my question is why was the
entire state quarantined and creating an
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economic collapse and I think it's
really nanny state protectionism that is
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morphed into control ISM and it really
has progressed in my opinion to socio
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fascism if the US financial pandemic
didn't begin with Kovach 19 does it end
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with Kovach 19 well I think it really
did begin with Kovan 19 given the some
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underlying conditions which was a stock
market way overdue for a correction and
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and budget and trade deficits but
certainly won't end there and the reason
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is government actions have wrought major
economic damage and in my opinion have
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forever changed our country you know we
have unemployment now at depression-era
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levels small businesses devastated and
exponential increases in the money
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supply
I as tax receipts exponentially
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decreased so it's going to take we will
never recover from this you know I saw
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something other day Mark Cuban refers to
what's coming is America 2.0 and I don't
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welcome that when you watch the
mainstream media channels what are some
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of the propaganda that they seem to be
pushing from both sides of the aisle
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that have you just shaking your head in
disbelief well think about it does it
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seem too good to you what's coming what
has been done right well I will net this
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country will never be the same
Sabbat true dr. Wuhan flu is causing the
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economic collapse it's in fact
government officials many unelected deep
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state bureaucrats at all levels locking
down a country with blatantly illegal
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and unconstitutional Fiat orders without
legislative input that and that's what's
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called caused the collapse in my opinion
a prime example of failing economic
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policy is the unprecedented inflation of
our currency by both parties what type
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of impact do you see this having on the
general equities short term and then
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longer term well some major corporate
equity equities will do well in nominal
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dollar terms and a lot will go bankrupt
you know the rapid inflation US money
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supply will cancel in real dollar terms
many of the games from the corporate
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entities and law those are listed on
NASDAQ I mean Nasdaq is is up 4% this
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year but my main concern would be small
business entrepreneurial ventures and
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that's what really drives growth in our
country and especially mom-and-pop store
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fronts a great majority of these
businesses will never open in the jobs
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that are so
stated with those mainly service jobs
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are gone forever
it just seems wrong that these lockdowns
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have punished small business while
allowing the big-box corporations to
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stay open and prosper like Walmart and
Home Depot meanwhile your your
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neighborhood corner stores churches
bookstores gun dealers whatnot are shut
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down while booze and pot stores are
deemed essential that seems wrong to me
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and I actually think a lot of this has
been driven by political agenda germane
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to equities let's shift the focus on a
space that you and I love to speculate
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in and those are resource stocks is this
the right time to be in the space well I
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think so this is an opportune time to
speculate in in resource stocks and
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we've seen you know when things start to
emerge from a glass like this and we saw
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it in 2008 and early 2009 the first
thing that goes up is gold and and if
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the if it progresses then gold stocks
follow quite soon after that do you
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favor the miners in the current
environment or junior miners well I
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don't favor miners I think mining is a
really tough business so my bailiwick is
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the junior explorers oftentimes referred
to as junior miners but about one in ten
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will ever mind anything most of them
just mind the stock market that said
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certainly the gold miners have done well
and should continue to do very well with
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high prices for gold and very low energy
costs even though oil has rallied it's
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still at $34 a barrel now but we should
also look at the juniors Toronto Venture
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Exchange index is up 60% from its low in
mid-march that's phenomenal i watch
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every day i watch
the value of my junior explorer
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portfolio increased day after day and
you know I think I was up 37 percent the
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month of April and I expect to be up
even more than a month are there any
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that have your attention at the moment
and why well I'm looking at gold
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companies gold explorers I'm looking at
and copper explorers and developers I a
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company that I currently cover and
covered since well actually for three
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years now we picked it at sixty-five
cents it closed on Friday today being a
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holiday at a buck 90 it's been as high
as 314 as catalysts coming that be
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trilogy metals Inc tmq on the New York
American Board also picked up another
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copper company the other day that that
was at or near its four-year low so I
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think right now what people should try
to do a lot of things have gone up a lot
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of stocks have popped
especially in the gold Explorer space
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but but there's a few they haven't and
there's a few copper companies that
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haven't so being a contrarian I like to
go in and look at stocks that have
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lagged because I think what's coming is
gonna be good for the resource sector
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especially in in gold and copper so be a
contrarian try to find things that are
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undervalued and and buy them when
they're unloved and unknown and unwanted
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and undervalued there's another company
that you and I both like and that is
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Henan metals talk to us about Hana
metals well Hana metals which I am a
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very early shareholder I participated in
the pre RTO financings exploration play
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in the quarry aired Cordillera orient
all
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going into the Amazon basin in Eastern
Peru northeastern Peru
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they're looking for giant sediment
hosted copper deposits
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it's frontier it's grassroots it's early
days but you know being a very early on
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shareholder of that company I watched it
progress from a failed zinc project in
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Ireland and once that was not gonna make
it they quickly shifted focus to this
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copper play in EM Peru and that's Haan
on the venture exchange and I remain a
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dedicated shareholder of that company
germane to buying opportunities less
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ship to focus now on to physical
precious metals Mickey why do you own
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precious metals my own gold mainly and
it's a hedge and insurance policy
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against financial mismanagement which
we've seen a lot of right now and and
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Pelosi wants to put another two or three
trillion dollars into that financial
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mismanagement geopolitical calamity is
also reason 2 and gold and economic
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collapse and so I think as I think you
and I agree gold is real money silver
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and platinum are superfluous holdings
for me I have some but really I have
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them because they make pretty coins and
they're fungible and and at some point I
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fully expect to convert a bunch of my
silver into gold when the ratio
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normalizes a bit which metals are you
buying right now and why yeah well the
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outlook for gold of course is bullish
with all this money printing and there's
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lots of reasons that think Gold's going
to go up it's consolidating right now
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and the low 17 low to mid 1700 range
silver is very undervalued right now
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with the silver gold
silver ratio still greater than 100 so
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you can argue that silver is a very good
buy right now as in platinum compared to
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gold so with the idea that you buy
what's undervalued and when when ratios
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and valuations tend to normalize then
you sell your silver and platinum and
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and turned in a gold and for a life of
me I have no idea why anybody would be
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buying palladium if it's not it's not
shiny and beautiful the way that that
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platinum is it's not a part of it's not
cold white gold which platinum jewelry
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is called white gold so and it's
completely overvalued it's it went
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exponential it's come back you know
right now it's it's high this year was
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twenty seven hundred and fifty four
dollars and as we speak today it's
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nineteen hundred and twenty but
historically it trades that about a
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third of what palladium or what platinum
does and now it's trading for more than
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double what platinum does so it makes no
sense for anybody buy palladium and
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because it's it's prices increased so
much back in the day say a decade or so
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ago the Chinese poor Chinese people
would buy for jewelry because they
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couldn't afford gold or platinum and
that's not the case now so only five
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percentage of it is demand is used for
for coinage and jewelry as opposed to
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forty percent for both platinum and
silver sorry from the eruption folks but
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I get this question asked all the time
Maurice do you buy and sell physical
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precious metals the answer is yes check
the description box below for contact
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details and now back to the interview in
closing sir what keeps you up at night
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that we don't know about
I'm a pretty private person I'm not sure
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why I tell a bunch of people who I don't
know something like that Maurice mr.
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Falk last question what did I forget to
ask um I don't rightly know why don't
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you think about it and then ask me next
time Maurice you know and I'm joking
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around with you here
but I would like to say on Memorial Day
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today let's remember those who gave our
lives defending the freedoms that the
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deep state socio fascists are now trying
to take away from us Mickey for someone
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listening where can they find your work
twitter at mercenary geo with 51,200
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followers and my newsletter mercenary
geologist calm with over 7500 scribers
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and this interview will be up as soon as
you release it to me on my wife's I and
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on Twitter and as a reminder I'm a
licensed representative through Miles
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Franklin precious metals investments but
we have a number of options to expand
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your precious most portfolio from
physical delivery offshore depositories
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and precious metal IRAs
call me at eight five five five zero
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five nineteen hundred or you may email
Maurice at miles franklin comm finally
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you please subscribe to proven and
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trading advice or any other advice you
should not make any financial investment
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or trading decision based on any of the
information presented without first
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undertaking independent noodle
in consultation with a professional
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broker or competent financial advisor
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