The world's central banks just filled

out a confidential survey about what

they're going to do with their money and

what they said should make every

American investor sit up and pay

attention. Because while we get the

talking heads on TV and they're telling

you, you know, gold is done, the trade

is over. Sell now, move on. The people

who actually manage trillions of dollars

in national wealth, guess what? They did

the exact opposite. They bought more

gold. And here's what gets me. This

survey is publicly available. I read it

over breakfast this morning and I

thought I'd come for a little stroll

here in um one of the most beautiful

parks in the world in this amazing city.

You can probably guess where I am. And

yes, anybody can read it, but the

mainstream financial media, they're

barely covering it. So, Wall Street

sends research on this and I've also

read all of that this morning to their

hedge fund clients and they charge tens

of thousands or hundreds of thousands of

dollars for the service, but they don't

send it to you, right? And I believe you

deserve to see it, too. So, today I'm

going to break this whole thing down for

you as we're um standing here in Gloria

Central Park. You don't need a finance

degree for this. I'm going to give you

three simple frameworks. Think of them

like a cheat sheet so you can understand

what's actually happening with gold and

more importantly what you should do or

think about doing with your money. If

you're wondering who the heck this is,

my name is Felix. Um, I am dedicated to

helping regular investors, which is why

I am nowadays to access the same

insights and the same intelligence and

the same strategies central bankers

have, the hedge fund managers have, the

Wall Street guys have. And I'm not a

gold buck. I'm also not here to scare

you into buying gold. I'm here to show

you what the data actually says straight

from the world's central banks

themselves and hand you a framework so

you can make your own informed decision.

Now, the video here is going to be

fairly dense. Um, what I'll do when I

get back to my hotel room and sit down

and have a bit more clarity of what I

can say, I'm going to put together a

bonus research report with everything

that's important there. You can download

that for free at felixfriends.org/ or

gold2026. I think that's that's a good

link for it. Gold 20226. And the links

in the description. It's completely

free. It'll have every bit of statistic

and we'll walk you through all the

implication steps I'm going to run you

through here. So here's our road map for

what I'm planning to talk to you about

in the next 15 20 minutes. First, the

elephant in the room. Gold just dropped

hard from its highs, right? So if the

central banks love gold so much, why did

the price fall? We're wondering now,

right? I'll show you a simple framework

I call smart money versus yeah, dumb

money. And that explains exactly what

happened and why this correction

actually strengthens the case for gold.

Second, the 1,000 ton phenomenon. And

that's the big story nobody's covering

here. Central banks have been hoovering

up gold at a pace we've never seen. And

I'm going to tell you why they're buying

it and why that why it has shifted in a

way that should concern everybody

invested in the US. And then third, the

dollar crisis. US government pays more

in interest on debt than it spends on

its military. I want to explain that in

English and explain why this traps the

Federal Reserve and creates what might

be honestly the best environment for

gold in decades. And then as a little

bonus here, fourth, um I'll talk to you

about the vault story because that's

something that almost nobody

understands. And then of course we'll

focus on what this actually means for

your money, how you can make better

decisions. I'll give you a proper

framework here if I can remember half of

the stuff I'm planning to talk to you

about. So gold dropped about 20% from

its highs, right? It's a big number. If

you own gold, that probably hurt. You

might have bought it near the top. Most

retail investors do buy things near the

top. So what actually happened? Because

this is where the story gets a bit

twisted and people get this completely

wrong. So let me give you an analogy.

Imagine there's a house in a good

neighborhood, solid foundation, great

location, and it's genuinely worth about

$500,000.

The value is real. Now, some flippers

come in, they start bidding it up, and

now it's worth $600,000. Eventually,

somebody pays $700,000 for the same

house. Now, did the house get better?

Nope. Still the same house. They're

paying $700,000 because they think

someone else will pay $750,000 tomorrow.

That's speculation. It's momentum. And

that's exactly what happened with gold.

Late last year and into early this year,

gold was surging. And when something

goes up, two very different types of

buyers show up. The first type is what I

call structural buyers. These are

central banks. They buy gold based on

policy. Their job is to protect wealth.

They don't care if gold went up

yesterday or down yesterday. They just

buy anywhere. And then and those guys

are the foundation, right? They're the

real value guys. The second type is what

I call momentum buyers. Hedge fund,

retail traders, people who heard gold

was going up and thought, I want in on

this. They're not buying because they

studied the fundamentals. They're buying

because the price is moving and they

don't want to miss out. They are the

noise. They're the FOMO or they are

actually quite sophisticated investors

who just flip in and out of stuff and

they don't really care what they own.

All right, found a spot to sit down.

It's a bit more comfortable. Uh, as I

realized, I'm gonna I'm going to be

rambling on here for a while. So, the

momentum crowd got excited, prices got a

bit stretched, and then, as always

happens, the rubber band snapped back,

right? And then every headline in the

world screamed, "Gold crashes." And the

talking head says, "The trade's over."

But what they don't tell you is this.

The structural buyers, the central

banks, they never stop buying or for one

second. So, think about that. The house

is back to $500,000. The flippers are

gone, but the serious buyer, the one who

actually lives in the neighborhood, he's

still there. Still buying at a pace

we've never seen in history. And one

analyst I respect put this perfectly. He

wrote, "Central banks are the buyer of

first resort. Investors are the buyer of

last resort." And what that means is

this. Central banks buy proactively all

the time. Rain or shine. Investors, they

only pile in when they get worried or

when their price rallies really, really

quickly. Now the beautiful part is that

the next phase of this gold story won't

be driven by speculators chasing prices.

It'll be driven by investors who are

genuinely concerned about what's

happening in the world. And that kind of

buying that is much more durable, much

more powerful. So the framework number

one here and I want you to remember this

maybe take some notes. Whenever you see

a scary headline about gold falling, ask

yourself one simple question. Did the

structural bias stop? The answer is no.

The foundation is there. the noise left.

The real buyers are still there. And

that brings me to the real question. Why

are central banks buying so

aggressively? What do they know that we

don't know? Right? These are the guys

who print money. But before we get into

that in more detail, I want to pause for

a second and talk to you very frankly

because I know some of you are sitting

there thinking, "Okay, Felix, this is

interesting, but what do I actually do

with this?" Like specifically, what's

the move? And there's the thing. I've

already written out my plan. my exact

strategy for I'm positioning myself for

the rest of this year. It's written out.

I know exactly what I'm going to be

doing based on all of this data and what

I learned from my Wall Street mentors.

And what I want to do is give that to

you, share that with you, but not as a

document because it won't land and

guarantee it. I've tried it. You'll

download it, you'll skim it, and you'll

sit it'll sit on your your desktop next

to that PDF you saved, you know, 19

months ago and never opened. Uh we've

all been there. So instead, I want to do

an actual teaching session. I'm gonna

sit you down for two hours and walk you

through the exact process why I'm doing

what I'm doing, what the institutions

are doing, and how you can build your

own playbook for the next 90 days, for

the rest of 2026. Because that's really

what this is about. It's not about one

trade. It's not about having some

insider information. It's about having a

plan for what's coming over the next

quarter and the quarter after the after.

And there'll be two kinds of people

here. There'll be the people who learn

this and there'll be the people who wish

they'd learned about it, you know, six

months from. So, if you want to join me,

you can grab yourself a free seat at

90dayplaybook.org.

Links down below in the description.

It's completely free. No credit card

required, anything like that. It's just

a free teaching sessions. So, now let's

get into the data that changed

everything for me. And if you're going

to show up for yourself, just write show

up in the comments down below so I can

see it because it's really about you.

It's not about me, right? You got to sit

down, learn the actual skills, um, and

then you can enjoy, you know, places

like this. I mean, it's such an you see

that skyline back there. It's just

glorious. Absolutely amazing. I love

this city. Been here for too long. I'm

going to stick around for a little while

because it's just fun. And here's the

key headline from the survey that just

came out. 45% of central banks say they

plan to buy more gold in the next year.

That is the highest number in the

survey's history. So almost half the

world's central banks are saying we want

more gold. And to really appreciate how

dramatic this is, let me give you a

trend. Back in 2019, only 8% plan to buy

more gold. By 2022, it was 25%. Last

year, 43% of those central banks said,

"We're going to buy more gold." This

year, it is 45%. And they don't plan to

buy it. They've literally been putting

their money where their mouth is. For

four years straight, central banks have

bought over a thousand tons of gold per

year. And now those are the official

figures. And arguably, some countries

don't tell you everything that they're

buying. Gulf States, certain Asian

countries actually buying secretly more

than they're telling you about. But

these banks have literally doubled the

pace of their buying compared to the

previous decade. And they're telling us

we're going to buy even more. And what

blew my mind even more than numbers is

the why. So they literally asked these

banks, these central banks, you know,

like the Fed, why do you hold gold? Why?

Why is that important? And the number

one reason cited by 90% of them, so nine

out of 10 central banks in the world

said the following. They say gold's

performance during times of a crisis. So

think about that. These are the most

conservative money managers on the

planet. They're also the guys who can

just print money, by the way, which is

just a bizarre place to be. Their job

description is protect the nation's

wealth. And 90% of them, nine out of 10

of them are saying we hold gold because

when everything else falls apart, gold

also its value. Think about 2008, the

financial crisis. Market crashed, banks

failed, people lost their homes, gold

went up. Yeah. Co, the world shut down,

markets created, gold went up. Yeah,

Bitcoin went up more, but gold still

went up. And these central bankers have

studied every crisis in modern history,

and their conclusion is gold's the thing

you want to own when the world goes

haywire. But there was a shift this year

that I've never seen before in the

history of all the data. For the first

time ever, geopolitical instability

has overtaken inflation as the number

one concern for central banks. Let me

say that again. For years, inflation was

keeping these central bankers up at

night, right? They're sitting in their

wood panled rooms swigging cherry going,

"We're terribly worried about this." Um

because that's their main job. Keep

inflation under control. But this year,

it isn't inflation. It is geopolitical

risk, wars, sanctions, trade conflicts.

So 80% of these bankers, again, eight

out of 10 people in that wood panled

room now say political geopolitical

instability is a huge factor in their

decision-m more than inflation, more

than anything else. And that tells you

something about where we are in the

world right now, right? more conflicts,

more trade wars, countries sanctioning

each other every other Tuesday,

financial system being weaponized.

Central banks are looking at all this

and saying, "We need protection. We need

an asset that doesn't depend on anyone

else's promises, and we don't really

believe ours because we're probably just

going to print more money anyway." Well,

I'm making that last part up, but you

know what I mean. So, we need gold.

That's what they're saying. Now, here

was a part of the story that just

doesn't make the media, and it's

massive. The countries buying the most

gold are not the big Western economists.

It's the emerging markets. Countries

like India, Brazil, Poland, China, and

dozens of others. Half of all the

emerging market central banks are going

to buy more gold. Half. Why does that

matter? Because these are also the

fastest growing economies in the world.

These are the countries where the

growth's happening and they're all

saying the same thing. We don't fully

trust the Western I mean basically the

American financial system because let's

face it, that's what it is anymore.

We're building our own reserves. We're

buying gold. One central banker wrote

this very bluntly. He said something and

I'm paraphrasing here because I haven't

got the document in front of me. We

expect the share of reserves held in US

dollars to go down. So the US is

weaponizing a dollar through sanctions,

through tariffs, through trade

conflicts. And other countries are

saying, well, we're just going to hold

less dollars and what are we going to do

with our money? We're going to buy gold.

And the number of central banks who are

worried about a weaker dollar now just

doubled doubled in just one year. So,

let me try and put this all together so

it hopefully um makes some sense. So,

the second framework here is follow the

central banks if you're in gold, right?

Again, I'm not telling you what to buy.

I'm not a financial adviser. I'm just

sharing with you what I just read

because I think it's incredibly

important and giving you some color here

from the way Wall Street's interpreting

it. Central banks have bought a thousand

tons a year for four years straight.

More central banks are planning to buy

gold than ever before. And more of them

are worried about geopolitics and a

weaker dollar than ever before, which

are the reasons why they're buying that.

And that brings us to the third thing,

right? Are we are we on track in terms

of of what I was going to talk about

here? You can judge me on that in the

comments down below. And if this is just

a lot of information for you, this is

also completely fine. Just join me on

Saturday. Saturday will not be

information dense. Saturday will be

skills dense because I want to give you

something that you can take away that

you'll always have that will just help

you make better decisions forever after.

whether you're a gold bug, a silver bug,

a stock investor, or just all of the

above. And I might go and find myself

some shade so I don't um you know, come

back uh looking like like a lobster

here. But what really should concern

everybody, especially if you have

exposure to the US, who else a little

bit better? Um the US government is

spending more on its debt than on

anything else, like literally than

anything else. And we're talking about a

trillion dollars a year. Like really,

really insane. So the cost of every

aircraft carrier, every plane you see uh

you know every fighter jet, every

soldier around the world uh bases in I

think 150 countries uh and the interest

payment is greater than that and it's

growing. So people are worried about

interest rates going up, right? New Fed

share just came in. Well, if interest

rates rates go up a little bit, those

interest payments of the government,

they explode. We're talking about

hundreds of billions of dollars of

additional interest payments. And let me

give you a real world example of what

happens when a government debt get out

gets out of control. I'm talking talking

about some tin pod hut country. I'm

talking about um Great Britain. I mean

Britain. I think they lost the great a

while ago. I think it was auctioned off

to Americans. But in 2022, the UK had a

new prime minister called Liz Truss. and

you probably won't remember her for good

reasons, but she announced a budget that

spooked the bond market. And investors

looked at the numbers and said, "Wait,

we don't think the UK can handle this

debt level." So bond prices crashed,

interest rates went through the roof,

and Liz Truss, she was forced to resign

after 45 days on the job. So the bond

market essentially fired the prime

minister of Great Britain and then

auctioned off the Great Part. Now, 45

days. Imagine something like that

happening in the US. If the bond market

loses faith in America's ability to

manage its debt, interest rates will go

through the roof. And the math doesn't

work. The government can't raise taxes

enough or cut spending enough to fix it.

So, the Fed is trapped. The Fed is

powerless. They cannot let interest

rates rise significantly without causing

a crisis. And they know it. Wall Street

knows it. Central banks around the world

know it. And that's one of the reasons

everyone's buying gold. Now, you've

probably heard this before. They think

when interest rates go up, gold goes

down because gold doesn't pay interest,

right? So, that sounds logical. Well,

why own something if I can get five or

6% with no risk? But it's actually

wrong. And I'm going to explain it to

you in a way that's hopefully going to

land for you and tell me if it lands for

you. What actually matters for gold

isn't the interest rate you see on

television. It's something called the

real interest rate. And real just means

this, the interest rate minus inflation.

So think about it this way. If your

savings account pays you 3%. But

inflation is running at 5%. Are you

making money? No. Right? 3% - 5% is

minus2. You're losing 2% a year in real

power. It's a negative real rate. And

negative real rates are rocket fuel for

gold. Because when your money in the

bank is actually losing value, people

start looking for alternatives.

something that lasts, something that at

least holds its value. Something like,

yeah, the shiny stuff, gold. Right now,

inflation is through the roof just for

over 4%. And because the government

can't increase interest rates because it

would tank the bond market and it kick

the government out of power in about 45

days like it happened in the UK. We have

a perfect environment for gold in my

humble opinion. And that's exactly what

the world central bankers just told us.

Three out of four expect the US dollar's

share of global reserves to be lower.

Three out of four, 75%. That's a lot.

And they're making those plans

themselves. So, it's very likely to

happen because these are the guys

actually deciding that less dollars

typically means more gold. So, let's put

the whole picture together because it's

all one big puzzle. And at the moment,

the US dollar makes about At the moment,

the US dollar makes up about 42% of the

world's reserves. Gold's about 26%.

Hopefully, we can put some of these

numbers on the screen here for you so it

isn't just a overwhelm of data, but it's

also in the document you can download.

The the monkey currency known as the

euro is uh 16%. And everything else

filters in the rest. So gold is about a

quarter of global reserves and central

banks are telling us that the gap

between the dollar and gold is going to

close. Dollar down, gold up. And the

reasons are simple. One, the US debt

makes everybody worried. Two, the US

shown a willingness to weaponize the

dollar. Sanctions freezing assets. Look

at Russia. Three, trade wars and tariffs

make people nervous to be dependent on

just one financial system. And the US is

the financial system of the world. And

fourth, there simply isn't a great

alternative to current currency to

switch to, right? I mean, the euro, you

know, I love Italy, Portugal, and

Greece, but do I necessarily want them

in the same thing? And then you look at

the lunatic governments and say Germany

and France, and you also think, do I

want to own that thing? The Euro was

created to keep my lot because I'm

German. Um, to allow us to export more

because the Deutsch mark was incredibly

expensive. So, they thought, "How do we

lower the value of our currency without

people noticing?" Uh, let's let in uh

let's let in Greece. That was the whole

point. It's a complete pig's breakfast,

the way that's structured. Um, you have

the Chinese currency, but it isn't

freely tradable. So, no one's going to

do that.

So, therefore, your only alternative is

really the thing that's been money for

5,000 years, which is gold, right? and

and one of the bankers, one of the

central bankers in that uh document

says, and this is a quote, "We want to

diversify away from the dollar, but

there aren't many alternatives. So,

we're buying the best alternative we

have, gold." So, that's your dollar

trap, and it's not going to get any

better, and Trump has already publicly

said he actually would like a weaker

dollar because it would help the US

export more, bring some industry back.

There's a lot to unpack here, right? And

it's going to keep evolving. And I

totally get this isn't like intuitive.

If this is not something you were

taught, I'm very lucky. I got an

economics degree which helps a little

bit, but most of us w lucky. So, you

need to find a way to really like learn

how to manage your money better. And why

do I say that? Because inflation is

going to go up. It's the only way they

can handle the debt. And when inflation

goes up, your salary goes down, your

savings go down, your bonds go down, and

it sucks. So, what can we do about it?

Well, we can do a lot about it because

there'll be plenty of people who get

very, very rich in this particular cycle

of the market. There are plenty of

people who are going to invest in a way

that far exceeds what inflation's doing

and they're going to be sitting on their

yachts and their boats and flying to

Nucket and having a lovely summer. And

you can participate in the same

strategies because they're actually not

complicated, right? There's an

assumption that, you know, the guys

working street sort of somewhere behind

me there, right? in that general

direction and those guys are smarter

than you. Well, you obviously haven't

met many of them. Um, I think the lowest

hanging fruit for making all of our

lives better is just to have better

skills around managing our money. And it

doesn't sound super sexy, but you know

what? It's better than working an extra

20 hours a week or an extra 5 years to

make your retirement stretch longer or

whatever. It is just better to make the

money you already have and put it to

work in a way that is more responsible,

in a way that gets you less draw downs.

in a way that means you're not down 20%

on gold because you bought at the very

top and it's natural. It's human. Um,

FOMO is a huge thing, but it is also

somewhat avoidable. And I believe I can

teach you that and I can teach you a ton

of that in just a two hours if you show

up for yourself on Saturday. And as I

said, if you do that, click on the link

below below and write show up in the

comments. But let me tell you one other

I think very important piece of the

puzzle here. People don't talk about

where is the world's gold stored. I mean

the physical stuff, not the fugazi stuff

of comx. Where are the gold bars

sitting? Because when a country says we

have gold reserves, that doesn't mean

there is a vault under their parliament

building full of gold bars. For most of

the world, for decades, the gold's been

stored in a handful of Western

countries. The Bank of England in London

had it. The Federal Reserve of New York

stole a lot of it. The Swiss National

Bank and the Bank for International

Settlement also in Swissiland. And these

were the world's safe deposit boxes.

Every country in the world trusts them.

Put your gold with us. It'll be safe.

We've got a perfect track record. But

something dramatic is happening right

now. And when I saw this data, honestly,

the hairs in the back of my neck stood

up because countries are moving their

gold home. In just the last year, almost

10% of all the central bank gold in the

world moved to new locations overseas.

That's like 10 times more than normally

happens. And the Swissy National Bank,

the preferred custodian of the world's

gold, their storage vault got cut in

half in a single year. And what's really

peculiar is um and there's a squirrel

behind me. Hang on. Can you see my

little squirrel friend? Can you see him?

Where is he? Hard to see, right? But

he's down there somewhere. Very cute.

Very wide little tummy. Anyway, we

interrupt this very important financial

education program for a squirrel. Um,

half of all the central banks in the

world refused to answer the question

where they keep their gold. They just

didn't tell anybody. Isn't that weird?

So, when people don't tell you where

their money is, it tells you something.

They're being deliberately

secretive, right? And to understand that

when Russia invaded Ukraine, the world

was horrified. and Western allies

decided to hit Russia where it hurts,

not with bombs, but with money. And the

US and its allies froze about $300

billion dollars of Russian central bank

reserves. They just locked it up. Russia

could no longer access it. Now, every

central banker in the world watched that

and I guarantee you every single one of

them had a meeting the next morning and

said, "If the US can freeze Russian

assets, they could freeze mine." So

suddenly storing your gold in London or

New York or Swissiland doesn't feel so

good anymore, right? So where you going

to put it? In your basement, aren't you?

Because they can't freeze that. It's now

yours. Nobody can touch it. Well, unless

they invade you. Um, so this isn't about

investment returns. It's about

sovereignty, national security, control

over your assets. So what does it all

mean for you? You know, just normal

investor like wanting to retire a little

earlier, wanting to have a bit of a

better life. It means we're moving into

a different kind of a world. We're

moving into a world where there isn't

one global financial system that

everybody trusts. We're heading towards

competing financial blocks. The US and

its allies or its um vassel states,

think the United Kingdom. Sorry guys, I

keep making a joke. I love you. But it's

actually quite true if you look into it.

There is China, there is India, there is

Russia and you know other places. And

what's the one asset these guys are all

buying because they all distrust each

other that has value in every country in

every system in every currency that

can't be frozen by any government or

central bank? Yeah, you got it. Put it

in the comments down below. It is gold,

right? There's no counterparty risk. It

doesn't depend on the US being nice to

you. It doesn't depend on your

relationship with uh you know the

socialist republics of Europe. It's just

gold. It's just physical. It's real.

It's yours. And that's why people buy

it. And that's why a lot of in

individual gold investors that I meet,

that's why they buy it, not even as an

investment, just as a sort of uh

insurance policy, right? So the world's

most conservative money managers, the

people whose job it is to protect the

country's wealth, they're saying to you

what they're going to be doing. But

there is an elephant in the room and

it's called AI because every analyst on

Wall Street has to have AI exposure.

Every fund manager is talking about, you

know, the the hottest investment story

of the year. But there is something that

should make you pause. Every generation

has one of these you can't lose in this

stories, you must be in this stories and

they follow a very similar pattern. In

the 1800s, it was railroads.

Revolutionary technology that formed

America. Most railroad companies went

bankrupt. Now, who made real money out

of this? Well, JP Morgan because they

bought the rail assets for pennies on

the dollar. In 2000, it was the

internet. Everybody knew the internet

could change everything. And they were

right. It did, right? We would not be

here today. But investors who bought the

NASDAQ peak, well, the Nasdaq dropped

78%. It took 15 years to go back to

break even. Real technology each time,

investment returns, not so real. Because

there is a difference between the

technology would change the world and

the stock is a good price. I'm not

saying AI is going to crash tomorrow.

What I'm saying is stock valuations

right now at levels we have only seen a

handful of times over the last 100

years. They're paying prices that

historically ended badly. And a lot of

the AI stuff is being done with debt,

right? Companies are borrowing billions

and billions and billions and they're

hoping it's going to pay off. Now, the

central banks also said one more thing

that doesn't make the media. 80% of them

said they have no plans to increase

their stock exposure. So, these guys are

not buying stocks. They're not buying AI

stocks. They're buying gold. Now, does

that mean gold's going to go up by, you

know, 100% next month? No, it doesn't.

There are a bunch of factors here. Yes,

there's fundamental demand from the

central banks, but there are also our

friends, our hedge fund traders, our

comx traders and so on who will

ultimately control

the short-term or even the medium-term

gold price and silver price and so on

because that's just how the world works.

So, I'm not telling you to dump

everything and buy gold. I'm not telling

you to do anything at all. Be incredibly

irresponsible. Uh, your situation is

also different from a central bank

because they could just print more

money. I just want to give you a simple

framework to think this through. So, why

would you own gold? That's something

you're going to want to answer. Again,

the document down below will help you

answer that. And then you want to choose

how you own it. There are three options.

There's physical, the ETFs, the gold

miners, and then we made a lot of money

out of the gold miners last year from

about April onwards. Just look at the

charts. And then from about August

onwards, we made a lot of money on gold.

It was beautiful. But we sold the gold

miners, right? because we made money and

then the money left the building and we

left the building with the money. And

then three, think about what are you

protecting against? If you're worried

about the dollar losing value, if you're

worried about a stock crash, if you're

worried about just the world, you're

buying this as insurance, but do you

need it to live? I mean, do you need to

sell some of it? Do you how liquid do

you need to be? What's your time

horizon? That sort of thing. That's

very, very important. And then you got

to decide on an allocation, right?

Traditional portfolio theory is 5 to 10%

in gold. Some people are now apping that

number. So if you have zero exposure to

gold, it might be something to look at.

But it is a very very long-term asset.

It is something that could underperform

the market for years and years and years

because it doesn't have earnings. It

doesn't invent chips. It doesn't do

anything exciting really that catches

the headlines until Wall Street money

decides that they actually want to buy

it, which is typically the moment when I

like to buy these things. At least

they're miners. So we learned a

framework yesterday as a day, right? The

correction was noise. the speculators

left the building, the structural demand

is still there, but it still means gold

can go down and it sounds frustrating.

So, if you want to really really learn

that framework in a lot more detail so

you can make better decisions whether

you know I'm telling you what I'm

thinking that that day or or or not,

then join me on Saturday. We're going to

be doing a special session here in in in

New York just before I hop on a plane

because I think where we are right now,

people are so confused. I met some of

you as well this week and everyone's

just like, "Well, what do I do? The

world's changed. I'm confused. I need I

need a plan." So, let us give you a plan

on Saturday at at felixfriends.org/

sorry at 90dayplaybook.org.

Grab yourself a free ticket. I'm going

to enjoy this really glorious city. And

I must say, I think New York gets

maligned um very unfairly. I was

expecting um the city to be, you know,

piled up in trash and people who want to

kill you at every block. And it's the

exact opposite. It's true. It's

absolutely beautiful. People are lovely.

Um except for the half of people who

seem to need anger management. Uh but

that's also kind of amusing and it's

just amazing and the weather is glorious

and we're going to have a beautiful day

here in a beautiful few days here in New

York. Enjoy it. Eat lots of things, buy

stuff, you know, help pump up that

economy of yours. Apparently you need

it. and I wish you tremendous success

and I hope to see you on Saturday. If

I'm going to see you there, write, show

up in the comments. All the best. August

11th is the most dangerous day for the

stock market this year and most people

have no idea it's coming. Wall Street is

sharing this research with their clients

right