If you print more money and distribute it, isn't that inflationary?

Absolutely.

And if you want to drop your inflation rate, you have to ram and grow your production.

You have to produce more and you have to become more productive so you can get more for less.

And so what have we been doing in Canada? Exactly what you said.

We've been printing money.

We've been chasing capital out of the country.

And I just don't understand why these people in Ottawa don't understand that unless they're deliberately undermining the economy, which I know sounds outrageous, but I don't know, maybe

um in in recent discussions i've seen from you jonathan you've highlighted that this volatility that's come along with a lot of this major displacement dispersion we've seen in the markets creates opportunities for disciplined investors and i wonder if you could walk us through some of the opportunities that are coming from this increased volatility that we've seen in the markets um and how you're navigating this as we go through the second half of 2026 here

Yeah.

And the reason I say that there's going to be, I think, heightened volatility in the market is because we are trading at high valuations.

I mean, there's no one with any kind of degree of valuation skill.

They'll tell you that we're not trading at high price earnings ratios, price cash, price to cash flow ratios, price to book values.

Any way you look at it, valuations are fairly high when we look at the indexes and the major companies.

And so with that, you have concerns.

A lot of people are wondering, is it going to dip lower? Is this now a time to start building a position? What's your outlook on gold and silver here? And just give me your your thesis on those commodities here.