What You Need To Know About Investing In Rare Earth Metals

 How many podcasts have you gone on in the United States talking about this? And to. So I just want like, is it possible that this is one of two podcasts so far to date that have shared this message? And so it's not like it's super like there's just nobody talking about this. Everybody, welcome to another episode of the Better Wealth show. I'm here with Louis with strategic metal investments. And we're going to talk about all kinds of fun things. I want to make it very, very clear. I say this every time someone comes on with with investments or like cool ideas. I do not endorse any investments. I'm not giving investment advice. You can't sue either of us. But if you're going to sue somebody, sue Louis, just kidding. And we're going to be talking about big time picture as it relates to a lot of people are asking about gold and precious metals. And and Louis, you have some really interesting things to share with us and say, hey, precious metals may be a play. And there's a world where you can, in quote, and quote, invest in precious metals that are not gold, not silver, that have a utility that could outperform but still give you the benefits of gold and silver. And so with that, welcome to the show. I am very much looking forward to this conversation. And I appreciate you waking up or staying up for us just because I know that you're you're not in the United States right now. Thank you. Thank you, Caleb. Yeah. And if you want to sue me, I'm in Tipperary in Ireland. So, you know, that's a it's a bit of a long shot. But yeah, look, it's an honor to be here with you. Look, I'm not a betting man, but if I was, I would wager that your audience will be hearing about this this option for the very, very first time. I know that to be a fact because it previously was not available to private investors. Yeah. So I know that for a fact as well, because I usually hear about alternative investments pretty early on. And when we chatted, you know, two weeks ago, it was the first time that I was hearing about this and it was very, very attractive. Before we jump in, can you give a little bit of your background, you know, where you where you live, how you got involved? Big picture. Sure. Sure. Sure. So Louis O'Connor and I'm from Dublin originally, but I lived in Germany. I've traveled a lot. My my first goal was to travel the world. You know, I grew up in Ireland at the time. We didn't what we hadn't had any economic prosperity. And we had a lot of immigration and we had had for many years. So I wanted to go out and see the world. So so I lived in Germany for about eight years. And then I went to Latin America. I was in Latin America for 15 years. And I've just recently returned back to Europe specifically to do this opportunity. When it became available and I'm married, you know, 20 years married. My wife is from Mexico, two two girls, two kids, born in Panama, but now working under Tipperary Irish accent. So I still I love to travel, you know, if my wife would let me, we'd be in a camper van just wandering, you know, but, you know, she has more sense than me, you know, most of the time. Yeah, so so this business, I'll give you the main characteristics. And then I'm sure sort of questions will come up, Caleb. So the best way to describe it is it's the exact same paradigm as owning gold or silver, as owning gold, precious metals. You can you can, you know, you know, people in North America, I mean, you can today, you could get online and you can buy gold, probably in your locality or you could go to Singapore, you can store them offshore. So it's the same paradigm as that, except the only difference being these are rare earth metals. Now, you mentioned the name of my company I created is called strategic metals. Strategic metal is an umbrella term for technology metals, meaning they're in all modern technology, rare earth elements, rare earth metals. Over in Europe now, we're calling some of them also green metals because they're critical to electric mobility, solar power, wind power. So so that strategic metals is an umbrella term. And technically, the correct term scientifically is rare earth elements or rare earth metals. So the three characteristics of what we do, you know, what I want to mention first, Kate, it's very, very important that sort of people understand this as well, because there'd be no point in even considering doing this investment if this wasn't in place. So so our primary business is we are a metals broker. We have an office in Frankfurt and we have a vault in Frankfurt and 80 to 85 percent of our excuse me, of our activities are buying and selling metals. So we buy from suppliers mostly in China, because that's where most of the production is. And we then resell to industry. We're doing that, you know, on a daily basis. In fact, we sell metals to, you know, to businesses and industries in more than 70 different countries. Now, why is that so important? Because if we weren't doing that, the investment side wouldn't work at all. Because there'd be no point in you or me or anybody having, you know, say a hundred thousand dollars worth of indium, which which you couldn't swipe your phone without indium. Because what are we going to do when we want to liquidate it? Right? Unless we're going to, you know, start making phones or something. So it's very important to that people are aware we are an industry supplier. And that's the most important thing about us. Now, just to give you another sort of demonstration as well, is in the vault in Frankfurt, we have more than 200 metric tons of raw materials in our inventory. It's the largest inventory of raw materials in Europe. Only between 20 and 25 percent of those raw materials are owned by investors. So you can see the ratio there. It's not like we have, you know, 100 percent of the indium. You know, you can see how that relates to liquidation and exit. So I'll just give you the three characteristics then with that in mind. So what we, you know, guarantee, if you will, to anybody who partners with us is one, when you buy the metals, we guarantee you'll get industrial grade, high value assets and, you know, that are sort of industry standard with analysis reports, purity levels, case numbers, chain of custody documentation is also very important. So that's the first thing the investor, they physically purchased them and owned them. The second thing we guarantee is the storage facility is industry standard. Some of our metals are oxides. So they're the powdered form. So they need certain maintenance, if you will, and storage conditions. So they retained our purity levels and they don't have to be retested again before they're sold to industry. And then the last thing we guarantee is the liquidation. And what's great about this product is they're extremely liquid. You don't need to give us 30 days notice. If you want to, when you want to liquidate, we can liquidate the product in three to four working days. Why? Because that's our primary business. That's 80 percent of what we do. So I'll be quiet for a minute and I'm sure you've maybe biggest mistake. Biggest mistake is let me talk. So I want to take a step back. Rare earth metals you pulled out your iPhone. Is it fair to say that if you have a smartphone, you are utilizing some type of rare earth metals? 100 percent. Actually, there's now there used to be nine rare earth elements or metals in an iPhone. There's now between 12 and 13 in any smartphone. OK. And they're just in the ground. And like you said, a lot of them are coming from China. Is there something about the earth in China or did they just ahead of the curve when it comes to dig in for that? Great question. Excellent. Great question because the history and the dynamics of China is very important here. So first of all, China has 50 percent of the world's reserves. But that doesn't mean they should monopolize the market. Right. Is this rare earth? Some of them are not all that rare. What's very, very interesting is going back now to the 1980s. In the 1980s, the US and China had an equal sort of share. In fact, the US was producing more rare earths, but they both produced about 30, 35 percent of the world's rare earths. And the Premier of China made a very bold statement in 1987. He said, the Middle East has oil, China has rare earths. It was a very, very shrewd statement because fast forward now. And not everybody can explain how and why this happened. But China is the dominant market leader in rare earths. They produce more than 80 percent of rare earths. And they refine more than 87 percent. Now, the refining is important. You touched on it there as well, which is rare earths are never. They're found, for example, gallium is always found as a byproduct of mining aluminum. So they're never found individually. They're all always a byproduct of another form of mining. So the refining process is expensive. And complicated. And you guys take it after it's refined and you're brokers. And so you're essentially taking that and selling it to the apples and the Googles and anyone that's using rare earth. And so that's why you're saying, hey, listen, you can invest in precious metals, but our main business, because this is one of the first questions I asked you, because I come from a very skeptical mindset or I'm like, OK. And you're like, oh, it's actually just a side business that you guys have access to them. And you also there's a massive demand for them. And what you're saying is if someone just bought metals, like rare earth metals and held on to it, it's just like a lot of other assets, they would appreciate. And it's diversified. It's not tied to other stock market investments or kind of one of those things. But if you guys weren't brokers on the back end, it would be one of those things where it'd be like gold. I could liquidate tomorrow. And so there's a market for that. And what you're saying is what makes you guys super unique is not only do you guys allow us to buy rare earth precious metals, which is like good luck trying to find that number one. But number two is what I think is most important in this list is the liquidation concept. And obviously, it's only as good as the promise promise kind of deal. So it's you know, it's not like we can't guarantee anything. But that is very attractive. And it's also attractive when we look at right now in 2022, it's like there's a lot of uses for rare earth, I think. And so it's like the demand is not just going to drop off. And in fact, I think it's it's only going to get more and more, if my understanding about what this is, is correct. Yeah, no, yes. 100% correct. And for example, you know, all modern technology, you know, that, you know, that's not going to go away. You know, that's one of the industries, just one. But if you think, for example, you know, even in the sort of developed in the modern world and the sort of wealthier part of the world, you know, people are constantly buying new, you know, devices and renewing them and getting new ones. You've got the bricks. And Brazil, Russia, India, China, I mean, they're sort of depositing hundreds of millions of people into the middle class. So the demand will continually increase. What's adding to the mad now is this sort of unbelievable transformation we're about to go through in how we power our daily lives. 80% of sort of global emissions are coming from how we do that. And we're about to, you know, just just some small examples. I mean, every car manufacturer in the world is going fully electric and you need rare earths for that. So for electric mobility, solar power, wind power, it just couldn't be a better time to be able to purchase and own rare earths. And just as you touched on there as well, like, our clients physically own the metals, once you purchase them, they own them. Now, we do recommend you store them with us because we're an industry supplier and the chain of custody is important. But let's just say, and I had a client recently asked me this from Tennessee, he said, Lui, I like my gold as close to me as possible. I think what he meant was in the backyard, but I said, so I'm a bit skeptical about having them in Germany. And, you know, that's a fair point. You know, so he said, can I actually take delivery of them here? I said, you can because you own those metals. However, our product, if you will, is our price is what is delivered to our storage facility in Frankfurt. It's a tax free bonded warehousing, exactly the same as storing them in Switzerland. Now, if you want to remove them from there, all you're really going to do is incur additional expenses on your, you know, your investment, which is transportation to Tennessee or wherever it might be. And then the one thing that's tricky there as well, if you come back to us then in five years and you're ready to sell them, likely they would have to be tested again, and that's going to cost you, unfortunately, more. Send it back, right? You'd have to send it back to to you. Yeah. So what you're saying is you're saying is you can it's your it's your metals. You can you can take delivery, but it would be your professional recommendation that that would not be the most efficient thing for you. If you're using it as a way to potentially liquidate, if you just like the fact that you have precious metals and that makes you feel good, you can easily have it be in your own vault in your own house. That's something that you want to do. Just know that the three to four days liquidation is there's no there's no way you probably could even get the metals to you in that amount of time, let alone get the cash. So yeah, I love that man. This is just a question I'm dying to ask. So in my iPhone right now, like how much value in the precious metals is there? Like it's like, do you could, you know, I it's kind of a dumb question, but like, could I smash open my iPhone if I get a new one and is there metals there? Is it not that easy? You're the first person to ask me that Caleb. And they're in my new amounts, my new amounts. And and that's sort of good in a way and not so good because they're they're not it's not relevant at the moment, this moment in time, it's not possible to to recycle them because they're in such small amounts, you know. And also, when you sort of if you did sort of smash it up, as you said, and, you know, take it apart and the purity levels of could be affected. And like to give you an idea, like some of the same metals that go into an iPhone might well go into an F 35 fighter jet, which needs three quarters of a ton of rare earths. Now, if if we're selling those to the US Department of Defense, to them, all they want, you know, what's most important to them is to chain a custody. They know exactly where those metals were produced, they know where they were stored, they know what custody they're in. And then, you know, that's why it would be a difficult industry to break into because, you know, the clients are so, you know, they're so critical and sort of irreplaceable and the purity levels are so important. Yep. I just I asked questions like that because I just when you say rare earth metals, I'm thinking like a diamond is in my phone somewhere. But it's not it's it's it's they're using these rare earths for technology, I believe, like how to swipe and whatnot. And I'm away OK by saying that it's above my pay grade. And as long as I understand that there's use, that there's ever increasing demand, the fact that solar future electric cars and technology uses that. Yeah, you could make the arguments like what's the what's the utility of gold? A belief like that's like we we believe. And scarcity like that's and so I'm not saying gold's not valuable, but it's like that is that is our that's why people put their money in gold. And there's there's a world where you could have that same scarcity, but you now have a metal that has utility as well that Yes, it would be it would be interesting and it would it gives you another option and I'm a big fan of future options. Yeah, that's a great point. Great point. OK, it gives me a chance to do into sales mode a little bit. But look, you know, there's a gentleman in the US, his name's Jack Lifton, and he's the foremost authority in rare earths. And he said I was talking to him on the phone one day and he said, you know, Louis, if all the gold in the world disappeared tomorrow, it wouldn't make any difference. If all the rare earths did the buildings would fall down, airplanes wouldn't fly cars wouldn't drive. You know, our clothes literally would fall off our back. We'd be left sitting practically naked in rubble. And that's that's true. Like that's a fact. And so rare earths have an intrinsic value and gold has an extrinsic value, as you said, a perceived value. Now, I've nothing against gold. It is a great store of wealth. However, rare earths are a great addition to any metals portfolio as well. And the demand is always going to be there. You know, for example, I was doing a little sort of a comparison myself on gold versus rare earths. And there was a period, I think in the early 1980s where gold went up to about I think $630. And you know, it didn't sort of it didn't it receded and it didn't reach that again for 20 something years, 24 years, 25 years. So that's a long time. You know, it is a good again, a store of wealth. But with rare earths, just to give you an example. Say going just for the last five years, I think gold is up at 54% for the last five years. Our top performers up 374%. Some of our metals are up 250%. On average, they're probably up between 30 and 40%, you know, on average. Some are annualized year to year. Yeah, every year. Yeah. Wow. And the reason for that is because there's not enough being produced. The demand is far outstripping supply. So why why do you allow consumers like us to buy in when there seems to be like it seems to be like why do you let that? Because it seems like you're making quite a bit of money and why don't you just keep it for yourself? Well, we make money too. We're it's a partnership. As I said, our primary business is buying metals from producers and reselling them. And that's our business. And we'll always do that. And thankfully, we will because that's otherwise the investment side wouldn't work. But the investment side creates two additional income streams for us. One is the spread. I mean, you buy the metals from us just like you would. You know, there's a bid ask spread as you would buying gold or silver. So we make some money there in partnership with you. And then the other income stream is the vault. It's a separate business and it's run separately. And so we're basically expanding and diversifying our business. It's fair. And I'll ask you a couple of questions in the detail of that. You know, right now there's a big green movement and people are like, let's stop drilling oil and let's drive electric and all that. Because, you know, I think we can all agree that running out of oil would be a bad thing. Regardless of that we're even close to that or not, that would be a bad thing. What is the chances of us just running out of rare earths? Because it sounds like if and when that happens, we got a problem on our hands. Yeah, I took it to a great point actually again. That's that's the first somebody's put it to me. There's as I said, China has 50 percent of the world's reserves. There's plenty of rare earths in North America. There's also plenty in Europe. There's one plant in the US, Mountain Pass in California, which produces rare earths. But all of those rare earths have to go to China for refining. Now, what you just touched on there over the next that's why it's such a good time to the reason I'm about to explain it. Now is a very good time to invest because the landscape will look completely different in about 10 years from now. Because one, if you Google a little bit, you'll find in a very rare occurrence of agreement, both President Trump and President Biden both signed executive orders, recognizing that the US needs to wean its dependence off China. So there's things in the works for the US to have its own domestic supply chain and for Europe. But that will automatically be, you know, they do it more sustainably than China. I mean, you're looking at at least 25, 30 percent costlier because of labor costs are higher and safety. But I don't know if you know this. And you really touched on something there about supply. There was a movie that came out in December on Christmas Day called Don't Look Up. Have you heard about it? Yeah, I have my own opinions about that movie, but yeah, I've seen it. Yeah, yeah. But just as one point of what I wanted to say, and it's very ironic, but funny enough, there's an element of truth about they said there are some companies already exploring mining rare earths from outer space. But the premise in the movie was, you know, this this this this what was it? A is like a meteor was coming. Yeah, this comet has trillions of dollars of rare earth. So so they can also likely be found under the ocean. So I don't think we'll run out any time soon. Elon Musk, if you're listening, this could be this could be something that SpaceX could take to the next level and create another income stream. He's already onto it, you know, this is fascinating. And again, I want to say like it's so tough being in my shoes because I'm hosting a platform and there's multiple people that there's tons of people listening to our podcast and people that watch on YouTube. And so it's easy to get excited. And what I'm trying to do is I am super grateful for you taking time to share. But I'm also I don't want my audience to just hear the newest thing. We call it recency bias and say, oh, I'm going to put all my money in this. What I love, though, and what I'm committed to doing is sharing the pros and cons and trying to do my very best to at least introduce people to concepts. And then they'll obviously have an opportunity to chat with you or someone on your team in the future. So let's dive into if someone was like, OK, I like the system. I like the process of potentially investing some money. I see the demand, the 30 to 40 percent, if that's like half true, that'd be phenomenal. And and what you're saying is you're not giving investment advice. You're not making predictions, but you're saying it's it's not going to get worse. In the way that you're looking at data, it's only going to get better. That's at least what I'm hearing you say. So what is what is the process from step by step? And if someone was like, I want to invest, what's the minimum investments? How do they do that? And what are the potential mosquitoes or problems with them giving your company money because I'm again, trying to do my very best to talk about the pros and cons? Sure. No, excellent. So let's start with the the the pros and cons. The pros are you're doing business with an industry supplier with over 30 years experience in the business. And and there, you know, you know, you have to do obviously some due diligence on that. But that's what you'll find out to be true. The cons are, I mean, no different to anything else in the sense that like I can only get like what I just quoted you as fact, those are historical pricing. I could send you independent stuff, but I can't tell the future. I don't know what will happen tomorrow. It is a speculation. Yeah. And what I like to sort of the best way to explain, I call it a path of progress play, which I think is a term used as well in real estate, which is. You know, before you invest in a country or a certain area or a town, one good idea could be to look at what's happened there in the last five years or 10 years. Right. And it should give you a good view of what's likely to happen in the next in the next five or 10. So what could happen is one of the matter could be an overproduction of one of the metals. Or let's say, in the in which we discussed, you can't swipe your phone without Indian. You know, they're discovering new metals all the time. There was one recently named at Switzerland. They might find a metal that performs better than Indian for that particular task. And all of a sudden, the man for Indian could go down. So that would be sort of normal in that type of industry. I mean, I once you do your proper investigation, though, you'll see that, you know, this China. Like it's it's hidden in plain sight. China is about to come to in the year 2025, they'll achieve what they they set out to do at the beginning of the millennium. They they they stated what their China futures policy was. And that was to be domestically in the have their own source domestically for 10 different industries. And these are the indices we're talking about. So any expert in this field will tell you that in the very near future, sometime between 2025 and 2030, the US, Europe and other developing nations will be basically standing in line, waiting for China to give what they have left after they've, you know, satisfied their own quotas. So, you know, I mean, look, I'm in the business, obviously, I'm passionate about it. But, you know, you just it's just it's sort of hard to believe how much opportunity is here and the historical price and we'll show that. Now, the minimum price of entry is only $10,000. And what I recommend, you know, most of our clients start somewhere between 25 and 50,000 and the open up portfolio. What I recommend is start even, for example, for about 12 and a half thousand dollars, you can buy one kilogram of each of our metals. So you'd have the full portfolio. And, you know, we update the prices every week and you'd have a performance chart from us and you can sort of watch the movements and you can maybe add more of one or, you know, sell one or something like that. So my recommendation is is open up an account, get your portfolio gone and plan to add to it. I mean, you'll see your gain. So usually once people are making money, they're happy to invest more, you know. And but for the next three to five to ten years, it's an excellent investment. Yeah. Do you know if this is another probably question you've never received? Can you lend against the asset? So if you if I put in $50,000 in precious metals and it's appreciating and it's my understanding, the only way I'm going to realize that appreciation if I sell and and it will be cool because you'll be transparent. I believe I'll see each week what the value I bought at 10 and now it's worth it. Now it's worth 15 kind of deal. That's generalized. But I like I'll be able to see that. Is there a world or do any of your clients able to use that as collateral for the bank and say, hey, can I can I take a can I take a line of credit for my 50 K so I don't have to sell? Sure. Is that is that something that has been utilized? To my knowledge, no. But that's not to say it hasn't been done. But yeah, you would have your certificate of ownership and, you know, each, you know, the the amount of each metal you have is listed individually with, you know, the weight you have, you know, the purity levels, the case numbers, the change. So you would have documentation to show that you do all those metals. And then, of course, you can find, you know, a bank or, you know, a lending agent can find wouldn't they wouldn't have to look too far to see what the value, you know, independently or besides what you're telling them. It would be this is this is a project that I would like and I'm inviting any listener or people watching this if you if you know something or can help us. I think I very much love the idea of investing with with access to capital. And it sounds like you could do this with gold. You can do this with, you know, a lot of wealthy people that have a ton of stock options and companies can get people to lend against. And it would be something maybe we can have you on in the future when we when we have an update on that. It is an asset. And so if you have a personal relationship with the bank and you have a banker that's, you know, that understand that that's willing to go deep and maybe look at alternatives, there's a world where you potentially could use that as a collateral. Correct. Correct. And like you said, if you can do it with gold, then there's a there's a way for it to be done because again, you the investors do physically own the assets. They're just they're in storage, but they own them, you know, they want to come. In fact, I love for people to visit. I mean, before, during or after the purchase, come to Frankfurt. And, you know, I always have an extra day or two to wine and dine people a little bit. The Rhine River is an hour away. We can, you know, in the summer, you can go through the what they call the Vine Strasse, which is all the vineyards are up on the side of the river and take a boat trip. Heidelberg, the oldest university in in in Germany is in our south. So, you know, I lived in Germany, so I speak German and I love people to come visit because, you know, I'll send you a photo if you like, but it's, you know, 200 and over 200 metric tons of rare earths is it's a sight to see, you know, yeah. It's I'll tell you this, I'm looking forward to again, building a relationship with you. And it would be fun to not only visit you, but it'd be also fun to see if we can maybe if we can get enough people in, maybe we could do a mastermind, you know, in absolutely and have you guys be the host. And I think that would be that's something that potentially by the way, if you're interested in that, let me know because we're just again, yeah, our community is continuing to be built and people are very interested in learning about this because it I believe it increases our financial IQ. And that's my goal in this whole show is to introduce people to different opportunities. Yeah, no, Caleb and look, I would, I'm glad you mentioned that because I would sort of, I'm not appealing to anyone other than you, but you know, anybody's interested could maybe funnel through you. But, but I have in my mind, you know, I'm sort of interested in strategic partners in North America. And, you know, the areas where I, you know, I'm not competent or I wouldn't be knowledgeable, but you know, somebody from California mentioned, you know, this would be great for a sort of a syndication or an investment fund. I said it would be, but I need a partner, you know, and the other thing as well is I'm in Europe. So, you know, somebody in North America that would know the territory and know the laws and now to legally set it up. So any ideas you have because, you know, what's, what's fantastic, I suppose, about this as well is, you know, the German company like the metals trade or they're very sort of conservative. And, you know, 30 years in business, they have done until I came along and became a sort of a sales partner with them. They've done no marketing outside of Germany, Austria, Switzerland, they haven't needed to. And so there's a great opportunity there for anybody who's entrepreneurial. Yeah. And Louie, this is such a great example. And I promise you guys, we did not plan this ahead of time. We literally just hit record and said we'll see what happens. But this is a perfect example of what we teach. It's like you have access to capital, if you have the mindset of control, if you, if you are doing what we're teaching, building relationships, looking for efficiency, it's like people ask like, how do you have opportunities to do certain things? Like we're launching a tax company and some of the really cool opportunities have come up with that. And even this, like I, when we first chatted in the back of my head was like, if and don't take this, don't take any offense to this. But if half of what you say is true, right, there's a massive opportunity, especially, I mean, one, we're recording this, I'm reading a news article that says the Dow dropped a, you know, 1100 points and it's continuing to drop. And so there's a world where people would be like, yeah, I would want to diversify a little bit of my money in there. And there's a world where there's a fund opportunity. There's a world where you could be a representative in the United States. And there's a world where you could take some of your money. And I mean, 20, 30, 40%. And again, don't sue me. I'm not giving investment advice. Do your due diligence. Assume that this whole thing's not true. That's, that's like my best investment advice is just assume people are not telling the truth and you'll be, you'll do your due diligence. But I'm telling you, you came in from a good friend, MC, and I've been really impressed with your down to nature, just who you are. You've, you've showed me a lot of what's going on. And it makes sense. And by the way, there's opportunities like this all over the place. But you have to be willing to think outside the box because Wall Street and other, other firms can't even sell what you're selling. And they, they're threatened by anything that's going to take yield away from their investments. Yeah. Yeah. Look, you nailed it. And look, due diligence isn't a theory. I mean, it's, it's in action, right? But what I'd like to do, Caleb, is I'll after this, I'm going to email you if it's okay. I'm going to email you the, for example, the prices I've quoted. Okay. But they'll be not for me, like from Bloomberg, if you will. And I'll just want to send you two quick emails so you can see, but absolutely people have to, you know, you have to investigate it properly. And, but you know something, we still live in an age where opportunities come along that we haven't heard about that are good, proper opportunities. I mean, that will always happen. So when they do come along, the question is, you know, do you know what I find sometimes there's a sort of a principle that's sort of a bar against all information, a bar against sort of learning anything. And that principle is sort of contempt before investigation. Now, I noticed now, it wasn't with you because you sort of zoomed in very quickly. But a lot of times when I'm talking to people and I start to mention rare arts, I can see in about 10 seconds, the eyes glaze over and I've lost them, you know, and I just leave it at that because that's okay, because they've sort of hit a barrier from the beginning. But I noticed with you just by the questions you were, you know, you were asking me that you were sort of picking this up, you know, and not everybody will. And even when it's proven to be a great opportunity, some people would just go, it's not for me. And that's fine too, you know, my, my investment philosophy is it goes goes along a framework of value leveraging. And so number one, the question I have is if I'm going to invest anything like time, money, whatnot, am I investing in something that I see the value long term? And clearly, the answer is yes, like, I'll be very frank, investing in the stock market, investing in gold, investing in other things, it's hard for me, because it's like, the market, it's supplying demand, and it's all about people's feelings about what they want the company to be worth. You're not investing in fundamentals, you're not investing in a private company that you're getting, you know, so, so, you know, that's, that's where a lot of yield goes and gold is awesome too, like great. But it's like, I love investing in businesses, or real estate, or things that I'm like, there's going to be a demand 1520 years from now, there's going to be a demand, and it has abilities to appreciate, it has abilities, you just have options. And that's why I ask other questions about, you know, being able to loan against it, because I'm always, my mind's always working that way. But then the other thing, if you really want to maximize your investment, is then you, you figure out how can we leverage, and this podcast is a form of leverage, by the way, it's like, if I'm you, or if I'm trying to promote something, it's like, you're, you're going to get 1000 plus people are going to hear this message easily, like, you know, and so it's like, that is one conversation, more than one person's going to hear this. And, and that, that ripple effect is, is pretty incredible as well. And so, but you leverage without value creation is a disaster. And I find that a lot of people want the quick cash. And we're seeing right now in the markets where, if you're, if you're investing through greed, because you want the quick, quick dollar, it might not end up very well for you. Whereas if you invest in value long term, like there's fundamentals that are also collateralizing the potential downside of what your thought, you know, where you, you know, what's, what's nice about rare arts as well as how liquid they are. So I know a lot of people talk about passive income and stuff. They don't actually provide passive income because you realize your profits when you liquidate. However, you have an appreciable asset. And we, we, we update the performance chart twice a week. So every week you can see exactly, like, let's say you bought all nine metals, you'll see how much you're up on each individual metal and what the average is. But what I try to let people know, which, which I think is a key point as well is, if by any chance, like, you know, we recommend staying as long as possible, because it's very likely in the year 2030, Western Europe and the US will be just waiting in line for rare arts from China. Like to give you an idea, two of our metals doubled in price last year. Why? Because China doubled the production of electric cars and they needed more for their quotas. So the rest of the world suffered, right? And what if trade tensions escalate and China goes, okay, and they've threatened to do this, we're not going to, you know, you're not getting any. Now, what if that happened and you have $100,000 million worth of rare arts involved in Germany that you can liquidate in, in a day? Like, if you come to us at the beginning of the day and say, I want to liquidate, we'll send you an offer that day, an official pro forma invoice. If you accept that offer, you'll have been paid out and completed in three to four working days. So they're very liquid as well. And then one final thing I'd say is diversification. Like, if all my assets are in one country and in one currency, I agree, I could do with some diversification, some international diversification, you know, so I provide that as well. I 100% agree. And, and there's, there's even a world like I'll tell you where I think the biggest risk is, is your credit, companies credibility. If you guys no longer become a broker, you may be lose that fast liquidity, but you still own the asset. And so there will always be, as long as that asset is going to be utilized, there's always a world for that. And so I'm just being like, that's the, that's the one thing that you have to, you know, bring up. But the fact that you guys have a 30 year history, there's not a ton of you out there. And majority of your business is not, like, there's, there's other things that just like justify the fact that like, that that could be a risk. But if someone was just popped up and they were a year in the making, and they're like saying all this stuff, my question would be, well, what happens if you don't stay in business? Well, then, you know, by three to four day liquidity offer is only as good as your ability to provide that promise. Exactly. Exactly. And look, we're, we're, you know, to me, the key thing is that we are an industry supplier, and we always will be in. And as I said, that ratio of less than, less than 25% of a inventory is owned by investors. And that will always, that will grow up, we can allow that to grow up a little bit more. And because there's more and more demand coming through. But again, you know, I couldn't recommend this if we didn't have that, you know, ability to liquidate, you know, for the client is not the absolutely no point. Otherwise, and the one other thing, you know, I can say with certainty, just so people are aware, there is no other industry supplier in the world offering this option at this moment in time. That's a fact. So, you know, interesting, by the way, how many, how many podcasts have you gone on in the United States talking about this? Two. So I just want like, is it possible that this is one of two podcasts so far to date, that have shared this message? And so it's not like it's super like there's just nobody talking about this. Nobody knows about it. Caleb, I tell you, actually, I tell a lie, it's three, but I did one with MC and I just did a second one with MC because I invited the CEO from Tradium from Germany and some metals. So I did two just with MC and one with you, and we're moving, you know, again, you know, like a tracks like and when MC mentioned you, not that I wouldn't turn anybody away, but you know, we're moving sort of delicately as well. You know what I mean? You have to. Yeah. Well, I appreciate your willingness to come on the show, be so transparent and talk about this opportunity. And again, there's areas to make money all over the place. And I just I just I quite frankly just love this whole conversation. Is there anything that I didn't ask that would have been a mistake if we end the podcast right now and have not addressed? Is there anything else that you want to share? And I yeah, is there anything you want to share before we I think I think we covered it all very, very well in terms of the time we had, because as I said at the beginning, it's the same paradigm as buying gold or silver yet to some very, very intricate security components of the transaction that people should know about. So I think other than if somebody is interested, what I would do is sit down and go through more in detail, gallium, indium, braseo dinom just so they know what industries and uses. And there may be a world that we do a part to something more specific. So if people are like, Hey, I want to learn more, but we could send them to like betterbolt.com slash something with a individual video of you doing a deep dive. But for now, if people are like, I want to learn more, what is the best way to connect with you? I want to make it very clear that you're not a sponsor. We're not getting a kickback. Like it's just like, how do people reach out to you if they want to learn more? And my website or our website is strategic metals invest. Okay, you can go there and download a brochure and leave their phone number and email and we'll follow up with a call a courtesy call or courtesy email or just email us directly info at strategic metals invest.com. Okay. And guys, I would highly recommend if this of interest to you, say that say thank you in a way of providing interest. Thank you for coming on for the second official podcast in the United States. We really, really appreciate it. And I just I just appreciate you sharing this opportunity that until speaking with you, I knew of rare earths. I knew that there were people like I knew of it. I just didn't know that there was a way to participate in that investment. And I think majority of people would say I see a world where we're if if electric cars, if technology, and solar panels, if those use rare earths along with like airplanes and all of that, I just I see a world where the demand is going to be greater. If I was running for president today, I would definitely up our capacity in the United States because I don't love depending on other countries, especially China. So it's just, you know, it's it's interesting. And I think I've definitely learned a ton. And as you can see, I get excited talking to people like you that are just in a space that is incredible. So anything else you want to say before we I ask another question that's not money related, but is there anything else that you want to say and how people can reach out to you and any final thoughts? No, just I've really enjoyed the conversation. You've you know, you're you're you're you're you're vikene sort of insight of mine, I guess to investing where so you're able to hone in on what's important for the audience. So yeah, I'm very grateful kind of I really enjoyed it. And I hope we might, you know, see you in Europe or I might see you in North America. Listen, when when my wife, April listens to this, she's going to already be looking at tickets for Europe. So it's only a matter of time, I can I can guarantee that. And and yeah, we'll definitely we'll definitely be kept in the loop. And if there's enough demand, so please please reach out to me comment. Let me know if you want to hear kind of a part two, we can do a deep dive and precious metals. I'm all about goes back to leverage. When you get 100 people reaching out to you, you're going to wish we had a part two video, so you could say watch part two. And if you really want to, you know, talk to me, it saves a ton of time. So depending on the response, we might do a part two. My final question is nothing money related, it's all legacy related, because the reason why we do this is, I think for a bigger purpose than just making money and appreciating assets, it's, it's value that we bring just in our life. And when we pass away. And so my question is, if this is your last banner, and you were the people that you love the most, and you can't give them any precious metals, or any podcast or anything that you've done, but you just have one last conversation, what are you going to make sure to highlight in that last conversation? Wow. Wow, great question. I think, and I think you touched on it in the question, which is, I think we've all been given a great platform, you know, and we should be relieved and grateful and thankful. And just, you know, just today, I mean, the effort you and your team put into be here, you know, the technology we have, and even the food we ate today, I mean, what it took to go from, you know, where it began, and maybe in Africa or maybe South America, we have fresh tropical fruit here in Ticcareary. But so yeah, just, I suppose we have been given this great platform, and all we need to do is to try to improve on it, you know. And one thing, you know, the spiritual practice or dimension is very important to me, such as, I think like, you know, and I'm going to use the analogy of sort of, you know, going to the gym and being fit. I think it's important to be physically fit, mentally fit, emotionally fit and spiritually fit. And what I mean by that as well is it's like, you know, a chair has four legs. And what I believe to be true is, if you don't get the spiritual side right, and you touched on it as well, sure, this is business, but you know, what's our deeper intention, you know, amongst our own community and stuff like that. I think if you don't get the spiritual side right, you'll run into difficulties. If you're just after the money or the fame or the power. But if I think if you get the spiritual aspect and spiritual to me is about humility and just, you know, being honest with yourself about, you know, finding out who you really are. And, you know, like, I think most people I encounter are very sort of, they know what they want and they know what they're after, but do they know, do they know why? Do you know what I mean? So just that, yeah, that spiritual side is very, very important. I think if we go down, if we, if that's not right, but if it is right, everything else falls into place, you know what I mean? Which is great. I couldn't say it any better, man. I 100% agree. And if you don't have a greater reason to why you do what you do, well, that's, it's, I think it's going to be a life that's going to be a lot less fulfilling and you'll live in a lie and, and 500 years, no one's going to remember anything you've done. So there's got to be a bigger purpose than just our honor to legacy. Yeah. And one thing there, just I know you've gotten that meeting onto my favorite subject Caleb, which is spirituality and sort of, but you know, as well, if you live in the spiritual realm, if you're sort of doing the right thing or trying to always do the next right thing, more is constantly being revealed. That's where you grow. Do you ever sort of, you know, I don't know if you've ever experienced or you meet people where they don't feel like they're grown anywhere or they're stifled. It's because the spiritual realm is not, they're not living in there. If you're in, in, in that's in the sunlight of the spirit, if you will, more is constantly being revealed. So you sort of don't have to really strive so much because it's sort of revealed to you, you know, yeah, we, we could have part three because this is this is actually one thing, the, the better wealth audience hears a little bit of some of my philosophy and like my faith obviously structures a lot of my business practices and all that. But there's, I mean, probably what I like to speak more than money is, is that, you know, deeper reason is faith is, is frameworks because I'm a fan of frameworks that I believe if you can't explain why you believe what you believe, then you're just based on feelings. And I do believe that your life will be better if there's a deeper meaning to it. And I don't believe it's just something made up. So that's a whole nother conversation. And, but yeah, I again, appreciate your time and appreciate you articulating this, appreciate you taking hard questions. And we'll definitely have you back on. And I'm looking forward to hearing what the better wealth nation thinks of this. And so with that, man, thank you. We'll make sure to put your contact info at your website in the show notes and in the description and look forward to future conversations. Thank you very much, Caleb. And thank you for watching till the end. If you enjoy our content, please like, share, subscribe. It helps other people find our channel and we really, really appreciate it. I also want to let you know that we have this thing called the better wealth efficiency quiz. And our goal is to give you a wealth efficiency score in less than three minutes and really highlight and get you to start thinking about the potential inefficiencies that you have in your life. So if you haven't taken the quiz, go check out, it'll be the link below. Check that link out, take the quiz and then let us know your score.