On this week's Stansberry Investor Hour, Dan and Corey are joined by Patrick Yip, director of business development at the American Precious Metals Exchange ("APMEX"). Dan and Corey kick off the podcast by discussing the latest news surrounding their skepticism of the U.S.'s credit downgrade and discuss the recent jobs report and the implications of unemployment levels reaching a historic low. (00:43)

Then, Patrick joins the conversation to talk about the silver and gold markets and their respective prices. He notes that there's almost a lack of interest in precious metals right now, which has led to them being undervalued. Patrick believes that a recession would give them the chance to appreciate significantly in the coming years. (19:40)

With regards to the role of the U.S. dollar as a global reserve currency, Patrick raises concerns about the dollar being weaponized for political agendas. This would prompt investors to seek refuge in gold and silver. Yip also delves into the nuances of choosing between coins, bars, and rounds in the precious metals market. And he offers practical advice for investors based on their individual preferences and investment goals. (38:46)

Then, Dan asks Patrick about the idea of minting a trillion-dollar platinum coin as a way to avert the debt ceiling... To hear Patrick's opinion on whether this proposal would work and what would happen to the price of precious metals if the government were to mint such a coin, check out today's podcast. (52:40)

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