00:00 Brian
Now, where else could these the rise in precious precious metals hurt companies? And I look at a company like Signet Jewelers, uh that obviously owns a lot of the metals. Like we go to their stores, K Jewelers, we see all the jewelry. I really wonder, you know, the price increases they might have to take just to offset some of the the higher cost of their inventory.
00:26 Speaker B
I mean, Brian, forget about the typical jewelers. Think about a company like Costco. They were selling those uh gold bars back in two years ago and they were priced around say $2,300. and now think about where gold is today, nearly double that. And so you think about these different retailers who really put out this proposition, you know, take Costco, but also take those jewelry companies. Certainly what this could mean end game here is higher prices for consumers. They’ll definitely be paying that to sort of meet and compete or rather go up against where exactly we are now with in silver, copper and gold. Also, I’m thinking about, you know, the build out of the return of the housing market as well. Copper obviously a key part, key component of the housing market when you go to do renovations and things of that nature. And so this end game here really does mean higher prices for consumers at the end of the day and maybe not a traditional mindset that you have when you think about, you know, the build out of just AI data centers and all the needed materials for that, but certainly how that then trinkles into everyday costs for Americans as well.
01:29 Brian
I think Inez purchased some uh Costco gold bars with her pizza. I know Costco Inez is a big fan of that Costco pizza.
01:38 Inez
I love that Costco pizza. I always get one.
01:42 Brian
A big thank you to my opening bid round table. Happy New Year to you all.