CIA Clandestine Gold Bar Scheme | Also, a Kai Hoffmann Exclusive Interview -

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up we'll a fascinating interview with Kai Hoffmann, CEO of Soar Financial and host of the well-known and highly regarded Soar Financially podcast.
Mike Maharrey dives into a range of topics with Mr. Hoffmann as they discuss what’s really happening in the precious metals market given the ongoing headwinds of the Iran war and whether the inflation we’re seeing right now is simply a matter of the oil shock, or if there are deeper issues that will be more long-lasting if and when we finally do get a peace deal in Iran.
Kai, based in Germany, gives us a European perspective on gold ownership and some of the differences and similarities between bullion investors in the U.S. compared to those in Europe.
So, stick around for another tremendously insightful conversation with a man who has a wonderful pulse on precious metals, the economy and the markets as a whole, Kai Hoffmann, coming up after this week's market update. And as a reminder please download, like, rate and subscribe to this podcast wherever you consume this content.
Well, it looks like we can add CIA clandestine operations to the list of uses for gold in this day and age.
A former senior CIA official was just implicated in a scheme to apparently steal about $40 million in so-called "black budget" gold bars — bars that he obtained from his U.S. government employer for unspecified “work-related expenses.”
The ex-CIA official, David Rush, was arrested on May 19, a day after the FBI raided his home and found the allegedly misappropriated gold.
According to charging papers, the FBI initially investigated Rush for lying on his resume. For instance, Rush allegedly claimed in an application to enter the “senior executive service” ranks that he was the “director of test” for a joint Army/Navy weapons test organization. However, his military records showed that he separated from the Navy in 2015.
As its investigation progressed, the FBI allegedly found that Rush made several requests to the government to obtain a “significant quantity” of foreign currency, as well as tens of millions of dollars in gold bars, for “work-related expenses” from last November to this March.
The charging papers don’t explain what those work-related expenses entail, nor do they identify Rush as having worked for the CIA. It was the <a href="https://www.nytimes.com/2026/05/27/us/politics/fbi-arrest-cia-official-gold-bars.html?smid=url-share&amp;tblci=GiCB9a4pBBlehdsJSAXBSvtzY7kC2AKY69BgUiVdqNpQmSDKuWUo-sCAu_nVmNN8MK67Pg" target="_blank" rel="noopener">New York Times</a> that reported Rush’s CIA background. Presumably, the gold was intended for one or more covert operations.
The charging papers do say that the gold went missing from the government storage space where it was supposed to have been held. Agents allegedly found it at Rush’s home when executing a search warrant on May 18.
During the search, FBI agents seized approximately 303 gold bars, each of which weighs approximately one kilogram, court records say. Based on the current price of gold, the estimated value of that <a href="https://www.moneymetals.com/gold-price">gold exceeds $40 million</a>.
The report also states that agents seized about $2 million in U.S. currency, as well as 35 luxury watches.
Turning to the metals markets, gold and silver prices staged a modest recovery in recent days following a sharp pullback. Precious metals initially came under pressure after reports emerged that the United States and Iran supposedly reached a tentative agreement to extend a ceasefire and ease shipping restrictions through the Strait of Hormuz.
However, prices rebounded as market participants focused on the inflationary consequences of the recent Middle East conflict. U.S. inflation accelerated at its fastest pace in three years during April, largely due to higher energy costs linked to the Iran war.
The stronger inflation data reinforced expectations that the Federal Reserve will keep interest rates elevated for longer and raised concerns that additional rate increases could still be possible if inflation fails to moderate.
From a technical perspective, gold found strong support near the $4,365 level before recovering sharply and forming a bullish daily candlestick pattern. The broader $4,300-$4,400 area continues to serve as a key support zone. While gold remains below its 20-day and 40-day exponential moving averages, short-term momentum has improved, suggesting the metal may continue to stabilize and trade within a broad range unless support levels are decisively broken.
Silver experienced a similar pattern, declining toward support near $71 before rebounding strongly. The white metal has now retraced approximately 61.8% of its rally from $61 to $98, placing it within a significant technical support zone.
Although silver remains below key daily moving averages, improving hourly momentum indicators suggest downside risks may be limited in the near term. As long as support in the $70-$71 range holds, silver can be expected to consolidate with a mildly positive bias.
Checking in on the specifics here before we get to the interview, gold currently comes in at $4,577 an ounce, off a very slight 0.2% on the week. Silver has bounced off the lows seen earlier in the week, as previously stated, but still comes in with a 3.1% decline, checking in at $76.39 as of this Friday late morning recording.
Finally, platinum is down 2.3% to trade at $1,936 an ounce and palladium is off 2.5% to come in at $1,378.
Well now, without further delay let’s get right to our exclusive interview with a metals, mining, and resource sector expert.
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Mike Maharrey: Greetings, I'm Mike Maharrey and I'm joined today by Kai Hoffmann. Kai is the managing director and founder of SOAR Financial, and he has over 15 years of experience as a consultant in the capital markets with a particular focus on the mining industry and follows the bullion markets very closely. How you doing, Kai?
Kai Hoffmann: Doing great. Thanks for having me back on, Mike.
Mike Maharrey: All right! Third time was the charm for the intro, so that's good. We're off and rolling now. So I appreciate you taking a little time to be on the show. And I guess to start, I'd just like to get your general sense of how you perceive what's going on in the bullying market right now. A lot of selling pressure. It seems like it'll rally a little bit and then it gets pressed down again and the war is obviously the driving force. So how are you navigating this right now and how are you seeing the market? Is the war just kind of a blip on the radar or is it changing the fundamentals? How is this playing out in your mind?
Kai Hoffmann: It's a good question because it is not easy to understand what is happening in the gold and silver space right now. Is it headline driven? Is it fundamentally driven? And that's the big question. I'm leaning towards more headline driven right now just because gold reacts to anything that has to do with oil, meaning inflation. The Fed, we've just seen a new Fed share being announced and put in place here just last week. So we'll have to see what the … I didn't listen to the Fed speak yesterday. I think there were like four Fed presidents or so chatting and giving talks yesterday. I haven't seen the summaries of those yet. It's been a busy morning. But based on what I'm seeing in the reaction to the gold price, it couldn't have been too positive. So, maybe they're even talking or hinting towards at least keeping the rates the same or maybe even hinting at a hike.
And that's what is putting pressure on gold. A bit unexplained or for no reason in my opinion, because we've moved up in the gold price when the rates went higher as well. And that was starting in 2022, gold started moving really with Russia being kicked out of the SWIFT system. So, that decoupling, that argument, I have a hard time with it. We're of course grasping all at straws and I meet myself included, trying to make sense of what is happening. Because yesterday when we saw, okay, we're going to have peace in the Middle East perhaps, and we're very close and MOUs have been signed and what have you, gold went down. When there was peace talk, gold went up the last few days or the last few times. So it's not as straightforward as one might think. So I don't really have a clear answer for you, Mike.
What is really happening? I'm a little flabbergasted and puzzled by the price action as well. But what we can say is the thesis remains intact. Gold is still the number one safe haven investment and it's proven that to be that as well. And it's proven that it is the last resource of liquidity as well. So Turkey needed to stabilize its currency. What did they sell? They sold their gold. So the thesis is absolutely intact. What we're seeing is probably a lot of tourists being shaken out hoping for a quick rebound. They're selling now. Central banks are still there. Tether is still there, meaning a big buyer. So nothing has really changed. Maybe some of the tourists have been shaken off, which is good, meaning it allows us to buy lower.

Mike Maharrey: Yeah, absolutely. I think you summed that up perfectly. That's kind of the way that I'm viewing things as well. And I think a lot of people out there are as well. It's like nobody knows. And I guess regime uncertainty, that's going to be, I think, the prevailing theme of the Trump years when we look back. It's like who knows what's going to happen tomorrow. I'm curious, as you mentioned, the inflation narrative seems to be the driving force right now. Oil prices are rising, therefore inflation's going to go up, therefore central banks are going to hold rates higher for longer. I feel like that folks are underestimating or understating the debt problem. Do you see that as well?
Kai Hoffmann: Oh, absolutely. It's been completely pushed under the rug or shoved under the rug. We're about to close in on $40 trillion in national debt, meaning US national debt, of course. We're at 39.3 or so, but we're adding quickly to it. And that topic's being completely ignored. Of course, even on our channel, we've discussed that the topic was a hot topic over the last three years, but apparently not so much anymore. It was at the beginning of the Trunk term. We tried to maybe control the debt a little bit with a Dosh initiative that went nowhere. So now we don't care anymore really because we're trying to fight wars, we're trying to win wars. I'm still waiting for a bit of helicopter money, perhaps like tariff checks, he called them ahead of the election. So I'm sure we'll see even more money printing because we're already seeing QE as well.
So, it's not just the US debt that is increasing, it's the Fed balance sheet that is increasing as well. So, it's a number of factors that are, again, supporting the cause for gold here, but the topic itself, I haven't seen it really being discussed. I'm curious, and that's something I need to research actually, really good point, Mike, is when are we going to have the next ceiling? When are we going to hit the next debt ceiling? When is the next hot debate? When do we have to give something up? Because those discussions really, I wouldn't say frustrate me, but because I'm an outsider, I'm German obviously. So, I'm watching how the bargaining happens there in Washington is quite amusing actually, and it's a bit pathetic.
Mike Maharrey: Yes, those words are very apt for what we're seeing, no doubt about that at all. And I'm going to ask you to try to climb into the head of a central banker here and maybe, I hope it doesn't make you feel clammy or too dirty or anything, but how do you, if you're in the … Obviously they have their Fed speak and they say the things that they say and most things that they say are calculated. But if you're a central banker and you're sitting in the privacy of your lounge maybe with a little glass of bourbon and a cigar and you're talking to your buddies, how do you navigate a situation where on the one hand you've got increasing inflationary pressures and as you mentioned, it's not just the prices, it's the fact that the Fed is literally creating money right now through QE.
How do you reconcile that with the fact that we've got these huge positive debts and that doesn't play well in a higher interest rate environment. I mean, what do you think? Are they sweating or are they just drinking a whole lot of that bourbon so they can forget about it? I mean, how do you do this as a central banker?
Kai Hoffmann: No, it must be pretty good bourbon as well at that, right? But as a central banker, it's not an easy job. Again, I don't want to claim that I'm smarter than any of the Fed central bankers here, any of the Fed presidents, but by no means. Of course, they receive a lot of criticisms, always easy to criticize, but it is difficult. If you look at the inflation data, is it really just oil? Is it driving the inflation? No, of course not. There's money printing, as you pointed out, happening as well, but it's tough to quantify. How will that show up? There's obviously going to be a lag effect and the Fed is always reactionary. Of course, I'm kind of curious what Kevin Warsch will do here in his term in terms of data interpretation, maybe perhaps being more proactive instead of just reactive, because a lot of the indicators the Fed relies on are all lagging indicators.
They're not leading indicators, they're lagging indicators like the jobless report, inflation. Those are all lagging indicators, not leading. So it's kind of difficult to forecast and they don't want to forecast as well because everybody could have seen or forecast that the oil price is going to go higher and that the gas price at the pump is going to go higher. But of course there's like, "Ah, we'll wait. We'll sit this out. " And unless the employment market, which we can debate this all day long, like how strong it is, right? We're always seeing layoffs here and there, but I think some things are exaggerated on both sides. It seems to be stable right now. That doesn't mean it's great. It doesn't mean it's honky dory, but as long as the employment numbers don't change, I don't think the Fed is under a lot of pressure right now.
Yes, inflation is increasing, but it's in no means like a COVID levels. We're not an official 9%. We're at maybe three PPIs at 6% for the year, okay, but that could bring the return of the word transitory as well because if there is peace tomorrow, let's assume that. Maybe they sign the MOU and say, "Okay, in 60 days, we're going to have a peace deal." And oil, you've already seen it react, go down to, what is it, 87, $88 a barrel I think I've seen yesterday. Well, what does that do to inflation? Well, of course there's the lag effect. Well, we also have to figure out, okay, what happens? There has been a four-week period when no ships or in which no ships have arrived anywhere with oil and products that could be used for refining phosphates and everything. So there's a bit of a lag effect when it comes to perhaps the inflation number.
But if there's peace tomorrow in six weeks, you should see prices decline at the pumps again. We'll see that reaction. So that term transitory is just going to be popular again as much as it is hated, but we have to get used to that. And I think that's why the Fed, while people are saying, "Oh, they're not doing anything." It's like, I don't think they're too wrong. And that's a very controversial point of view. I think they're actually, and I'm more in the camp that actually have done a decent job over the last two, three years based on how they're operating. I think they've done okay. Not great, not bad in my opinion, because they steered it okay. So I don't want to be a central banker, let me say that.
Mike Maharrey: Yeah, same.
Kai Hoffmann: I think they've done okay based on the information and the tools they've been given.
Mike Maharrey: Yeah. I'm inclined to agree with you, particularly right now. I mean, I'm not sure that there is a move to make because you're making a move into so much uncertainty. And as you say, we could wake up tomorrow and the war's over and by the same token, we could wake up tomorrow and there's US troops on the ground. I mean, it's so difficult to navigate that. I'm curious, you're in Germany, you get a good European perspective. I'm curious, here in the United States, we've definitely seen the impact of higher gas prices, but there hasn't really been any talk of shortages or anything like that. I know in Europe there was some talk of maybe some jet fuel problems. Are you hearing talk of actual shortages in terms of oil or energy?
Kai Hoffmann: No, not at all. Yes, there have been some news about that topic, but I listened to Michael O'Leary, or Michael Leary, he's the Ryanair CEO. I think the second largest airline in the world based on passenger numbers, sorry, sixth largest airline. I think there are passenger numbers, about 220 million passengers a year. If he does talk about a jet fuel shortage and he said, "I don't see a jet fuel shortage," then there is no jet fuel shortage. I'm sorry. The guy operates on very, very thin margins and if he sees a shortage or rising prices, then he has a problem. He doesn't see a problem. Of course, he's got shareholders as well that he needs to keep calm, but if he says there's no shortage and tomorrow there's a shortage, he's going to get sued. He's going to be liable. So I'm going to put a little weight on what he's been saying.
Also, I think it was Shell or BPI, and I'm confusing the two right now that said we are fine. We have enough supply. There is enough. So I'm not worried about that part. I think a lot of it is fear mongering, of course. In Europe, especially because we are short energy in general, it's not just jet fuel. We're generally short energy. We screwed ourselves, pardon the French here, but by being too close to Russia and just only having a single source for our energy, which at the time was absolutely fine. It worked. We had decently priced energy, but that blew up in our face, as we all know, and we don't need to go into that as well. And then talking about blowing up, we also blew up our nukes in Germany. So another very frustrating conversation and topic. But coming back to the jet fuel, no problem.
I think we're all fine here for now if nothing else changes.
Mike Maharrey: Right, right. While we're on the subject of European attitudes, I'm curious, you've spent time in Canada, you spend time in the US and obviously a lot of time in Europe. And I'm curious as to, is there a difference between investor attitude towards gold and silver in Europe as opposed to what you've seen in the United States? And I guess maybe that even breaks down more granularly to different countries in Europe. Maybe it's not fair to lump all of Europe into on suitcase, but I'm curious if there is kind of a difference between those two markets.
Kai Hoffmann: Yes and no. So, we all love gold. Germany loves gold, the US loves gold, but for very different reasons, I think, because Germany, we had hyperinflation back in the 20s. So our reason is that we lost a lot of wealth back in the day and we've seen it. We've had to take the wheelbarrow to the bakery full of money and the most valuable thing was actually the wheelbarrow, not the money in it. So we've seen that. So it's imprinted in our DNA. That's why we love gold. Germans love bullion. They love mining stocks as well because we're degenerate gamblers apparently as well. But out of the US, it's more out of libertarian reasons, meaning I want to be free. I don't want to be told what to do. There's no counterparty risk and I got my gold in my safe or in my backyard. You can't touch me.
So, a bit of a different attitude, but very similar. So, gold fulfills two different roles here. For us, it's more protection against inflation and just wealth protection. Of course, to a degree in the US as well. I'm generalizing a bit, but overall, I think it's more about liberty and to being independent and have nobody else tell you what to do there.
Mike Maharrey: That's definitely the American mindset. I'm sitting here thinking, yeah, absolutely. So, you spend a lot of time at mining conferences and stuff, and you even have your own in Germany. What's kind of the mood in the mining sector over the past year and has it changed and how has the war impacted it?
Kai Hoffmann: It's obviously changed and that for the better, obviously. But the good thing is, and I was just at a conference last week, so it's really topical. It's not euphoric. Maybe not anymore, but we're still seeing a lot of money being pumped into the junior mining space. There is a lot of money available, but as I said, at the conference, there was no exuberance. We haven't seen that in Beaver Creek in September, which was sort of the starting point, I'd say, of the real rally here in the share prices. But here even at the Canaccord Conference last week, there was no exuberance, meaning there was no champagne bottles being popped out of the ordinary. There's not a lot of backslapping of course that goes on at these events, but it wasn't out of the ordinary, I would say. Of course, people were excited. We're still at $4,500, or today we're about $4,400, but potatoes, potatoes here, but still companies are making money.
They're being financed. I think sentiment from the investor side is still somewhat positive. Of course, it's been clouded. I'd say the sentiment, because we have also seen financings decrease starting in mid-March. The investor sentiment just or a risk capital. I wouldn't say disappear, maybe too strong of a word, but risk capital is more subdued perhaps and has taken a step back, just waiting for the outcome, but we're now seeing, again, financings, bought deals happening. So, sentiment is really, really positive still. It's just not really shown in share prices, though I have to admit, looking at my portfolio over the last 48 hours, it seems like many of the stocks that are not following gold all the way down at this point, which is good. And I'm trying to figure out what that means because stocks often front run the bullion when it comes to recovery as well or can front run.
And it's been interesting to see because even in the run up, the stocks haven't participated all the way up and it doesn't look like they want to participate on the way down either right now, which has me positive
Mike Maharrey: Interesting dynamic going on there. At what point does … We've seen a lot of price pressure as you mentioned, but we're still sitting far above where we were a couple of years ago for sure. But at what point does the sagging price begin to actually impact the bottom line for the miners? Is there kind of a point that you're looking at that's an inflection point for that?
Kai Hoffmann: Well, it's a really good question. I had a very long discussion with Lobo Tiggre, and I wouldn’t say heated discussion, but an interesting discussion with about that. We've seen an absolute margin explosion from where last quarter we were about almost $3,000 an ounce margin, which is absolutely phenomenal, of course, but it's also grown too fast in my opinion. So, the question is where's the new normal, if that makes sense. 3,000 seems a bit rich, quite honestly, because it has happened so fast. So, of course we're going to see margin compression happen. It is pretty a fair assumption that we could speculate that Q2 average gold price is going to be lower than in Q1. Q1 was about $4,800. My guess right now, without having done the math, we're probably closer to 45 this quarter, maybe even just below that. So it's still very healthy. Companies are producing between 1,800 and $2,000.
So, we're sitting on still at $2,500 in margin, Mike. So very healthy. The question is like, okay, when does sentiment change? Ooh, margins are compressing. I don't see massive impact from the oil price. I was just at the conference we just talked about. I talked about how is that impacting your operations? I spoke with producers and they said, "Well, maybe 10% extra oil and fuel costs." We have a lot of underground perhaps, so we don't need a lot. Some of them have hedged actually their oil for the year, so they only have to figure it out next year again because they often hedge their oil for the year ahead so they can do their calculations, which seemed to be the smart thing to do because they might have dodged a bullet here at least intermittently or transitorially, coming back to that word, but if that's even a word.
But the point is though, I don't have an exact answer, of course, whether it's $1800 in margin, whether it's $2,500 in the margin, that the question I need to ask and we all in as investors need to ask, how happy are we with $2,000 margin? Personally, I'm very happy with $2,000 margin. The companies are very happy with $2,000 margin. Even if gold goes to $4,000, it's very, very healthy. So I'm not too concerned. It's probably more the algos that are trading stocks lower because when they see the price releases, oh margins having decreased, it's like, well, look at the level we're coming from. Maybe that's even a buying opportunity when the Q2 numbers come out. And I'm fantasizing here perhaps a little bit, but that's what I could see happening if all the algos start trading the producers, which would be absolutely ridiculous because it seems very much out of touch.
Mike Maharrey: Yeah. Very interesting. Interesting dynamics out there for sure. I'm curious if there's something that you kind of see in the precious metal space that's important to you that a lot of the mainstream analysts seem to be ignoring.
Kai Hoffmann: I think we haven't realized how healthy the sector is. And what the sector actually does, I'm not sure if you've seen that CNBC interview, maybe two weeks ago now, but one of the fund managers on the program was asked what she thinks about Agnico Eagle and her answer was, "Well, we don't invest in non-cash flowing companies." It's like, wait a second, Agnico Eagle is the second largest or maybe third largest gold mining company, and they produce billions in free cashflow every year, free cashflow, cash flow. So, people don't know what the gold mining space is still. I think that's maybe a major hurdle that it's still a very misunderstood, misrepresented sector in portfolios or in general in the marketplace. There's only one company in the S&P 500 that is Newmont that's maybe some people might know that one as a generalist investor and maybe a positive is we're seeing more pension funds come back of course as well.
So, the general investor is coming back starting to understand gold a bit more. It's tough to ignore with 3,000 or $2,500 worth of margins and the free cash flow. All the big producers are sitting on net cash, Barrick, Newmont net cash position. We haven't seen that in ages. They've been so restrictive investing capital and there's, what do we call it? They're paying higher and higher dividends. They're doing share buybacks, everything that attracts the generalist investor. So, I think that's still misunderstood. I think it's still an opportunity. You can still get in before the flood of money arrives, in my opinion. And I think that's the biggest factor is just still a very misunderstood sector.
Mike Maharrey: Gold's just not very sexy. It's a rock.
Kai Hoffmann: You've held a bullion bar. It is sexy. Absolutely.
Mike Maharrey: Oh, it is!
Kai Hoffmann: It is. The mining part is not sexy.
Mike Maharrey: Yeah. No, but I think that's the perception. Yeah. I actually had the opportunity a few weeks ago. I was out at our bullion depository out in Idaho and got to play around with some thousand out silver bars. Those are fun. But I do think a lot of people, ooh, AI, ooh, Bitcoin, there's these cool tech things. And then you've got this gold and it's been around 5,000 years and whatever. But I don't know, it's been around 5,000 years. That's telling us something, right?
Kai Hoffmann: Yeah, exactly. Like I mentioned earlier, gold has proven its worth and its role over and over again. We've just seen it again last month here in March. Turkey needed to stabilize its currency. They sold gold. Why? Because it's a liquid market. Everybody wants it and it has those properties. It is that safe haven investment.
Mike Maharrey: Yeah. Russia is another example. I mean, no matter what you may think of them, they played their finances pretty well. They've got this large stock of gold and now they're using it as they see necessary. So, it's definitely a safety hedge, I guess. So, I've got one more question for you. This one's just kind of a fun one I like to ask folks. And I'm curious if you have a particular gold coin or a round or even a bar, something that you really like, or silver. We can do silver too. Something that you just particularly like for whatever reason.
Kai Hoffmann: I'm a bit of an airline nerd when it comes to that. And somebody gifted me a silver coin that has an A380 on it. It's from the French Central Bank, I think, or French mint. So that's a bit of a special piece. Another piece I like is actually I have a five kilogram copper bar here in the office as well. Very different of course, but something I could afford at the time and could still afford. It's a five kilo copper bar and it's shiny. It's nice. So it's not like the typical the Vienna Philharmonic or the pandas and all that. No, I like those things. I even got a smaller copper bar. I just like the color of copper. Of course, I own some other silver stuff. And as I said, that A380 silver coin has a special place on my shelf as well. But I like copper. It looks cool. That color is fantastic. It has a cool effect.
Mike Maharrey: I've got a bunch of old pennies back from when they actually made pennies out of copper. Of course, they don't make them at all anymore.
Kai Hoffmann: Oh, were the banks full of pennies still sitting in the vault there in Idaho?
Mike Maharrey: Yeah.
Kai Hoffmann: There were tons of pennies. There were tons of pennies. Literally tons of pennies.
Mike Maharrey: Yeah. A lot of them, the old Indian, not Indian heads, but the wheat-head is what we call them. So, they're older. Yeah, it's very cool. All right. Well, let folks know where they can follow you and avail themselves of your wonderful mind.
Kai Hoffmann: Absolutely. Yeah. I'm very active on X. So at Junior Mining Guy is probably the easiest. I'm on LinkedIn. Join me in Frankfurt at our Deutsche Goetmesa here in November again, November 13th and 14th. Of course, a bit of a trek for some, but we had American and US visitors at the last conference. We even had a couple come out of Australia to attend the event. Others, I'm still mind blown by that fact and it's absolutely amazing. But I think that's the easiest way to reach me. Either meet me in person at one of the events. I'll be at Rick Rules Conference. I'll be in New Orleans this fall and then our own event, just say hi, reach out. DMs are open on X as well. So just reach out.
Mike Maharrey: Absolutely. Appreciate you taking a little bit of time out of your day. I know that you're busy. You're in the middle of your day. I'm in the morning. So you woke me up though, so that's good. I definitely appreciate your time and thank you very much for coming on the show.
Kai Hoffmann: Thanks for having me on, Mike. Much appreciated. It was fun.
Mike Maharrey: Yeah.
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Really like Kai Hoffmann and it was great to have him back on the show. You’ll definitely want to check out his highly regarded podcast – again that’s called Soar Financially – and you’ll certainly get some more terrific commentary on the metals and all financial markets if you do.
Well, that will do it for this week. Be sure to check back next Friday for our next Weekly Market Wrap Podcast. And don’t forget to tune into the Money Metals Midweek Memo, hosted by Mike Maharrey and airing each Wednesday. To listen to any of our audio programs just go to <a href="https://www.moneymetals.com/podcasts">MoneyMetals.com/podcasts</a>, or find them on wherever you listen to your favorite podcasts. And as a big help to us we would ask you to please like, subscribe, download and rate our podcasts. Doing so helps us extend the reach of this material.
Until next time, this has been Mike Gleason with <a href="https://www.moneymetals.com/">Money Metals Exchange</a>, thanks for listening and have a great weekend everybody.

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