WTH Is uP with Silver- Meet Josh Phair, Founder of Scottsdale Silver!

·1 hr 29 min·5 clips

A legendary gold analyst's formula, proven right twice before, now points to gold hitting $100,000 an ounce—what does that mean for silver?

The episode begins with the host delivering a monologue critiquing political and financial establishments, framing the discussion within broader themes of corruption and control. He then introduces guest Josh Phair, founder of Scottsdale Mint and an advisor to Monarch. Phair recounts how COVID-19 initially caused a precious metals sell-off in March 2020, followed by record sales and sustained backorders. He details his transition from mining finance to founding Scottsdale Silver in 2008, later expanding into Scottsdale Mint, which now produces for 20 foreign countries and private banks like TD Bank. The conversation shifts to the recent silver rush, where Phair attributes the demand to Reddit's WallStreetBets group targeting high-short positions, similar to GameStop. He discusses JP Morgan's alleged market manipulation, referencing a 2019 DOJ case labeling their precious metals desk a criminal enterprise. Phair explains the physical silver supply chain, noting delays due to armored transport and manufacturing, and highlights the disconnect between paper trading and physical availability. He introduces Jim Sinclair, a historical gold analyst whose formula predicted past price spikes and now suggests gold could hit $100,000, potentially elevating silver to $12,500 based on mining ratios. Phair explores silver's strategic importance in electronics, solar panels, and electric vehicles, linking it to Green New Deal policies. The discussion covers topics like auditing reserves, the role of investors like Eric Sprott, and comparisons between precious metals and cryptocurrencies. Phair advises on buying physical silver, noting premium increases due to supply constraints, and touches on potential government confiscation risks. The episode concludes with Phair promoting Scottsdale Mint's products and acceptance of cryptocurrency payments, while the host plugs the Monarch wallet.

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