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You Ask Mike; Mike Answers!
05/20/2026
You Ask Mike; Mike Answers!
This week, Mike lets listeners run the show! It's an "Ask Mike Anything" episode where our intrepid host tackles questions asked by listeners. Here are the questions covered in this episode. At what point do we start trading in metals instead of paper currency? What does that timeline look like, and where are we currently on that timeline? How will the higher price of oil impact overall consumer price inflation? Higher oil prices cause higher prices in certain goods, but will it also lessen demand and prices in other areas? I heard an ad for a gold seller that said, "Some experts claim that gold could hit 6 thousand this year." I'm typically dubious of ads that say "some experts", rather than citing specific experts. 1 - Do you know of any reputable experts making this claim? 2 - Do you agree? 3 - Do you think the January peak is likely the highest we'll see this year? Why or why not? As SHTF scenarios become more likely, metals will be a life-saving alternative to fiat. Dealers put a high premium on rare collectible coins, whereas I only value the metal content of coins. Will these collectibles retain extra value when Mad Max hits town? Does AI feel like a bubble to you based on the huge valuations of these companies? Should people consider trading the gold/silver ratio? If so, when? And if the refiners get backed up, will it be even possible? Silver has been significantly outpacing gold. Do you see this continuing, and should we expect a rate cut with the new Fed Chair, even if inflation rises? Texas established a precious metals depository with the ability to conduct transactions within the depository. Can you give us an update on how that’s progressing and if any other states have done something similar? What is a realistic way of making it normal to trade and pay for items in precious metals? Are there good precious metal-backed currencies that you like? Maybe talk a little bit about the lead time between cause and effect. Related to the old saying health is wealth, you managed to play goalie and do it well long after younger (and lesser) men have hung up their skates. How do you manage to do this? To be clear, no joking, I'd very much like to hear the answer.
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