Summary: This week and next we answer your questions that were submitted. Thank you for listening to the McAlvany Weekly Commentary.<br> The McAlvany Weekly Commentary<br> with David McAlvany and Kevin Orrick<br> Your Questions Answered, Part 1<br> December 30, 2020<br> “There is an opportunity to expand your financial footprint or to go beyond just maintaining purchasing power if you happen to be the only buyer. And frankly, with a gold and silver asset you put yourself in a pretty good position to do that because liquidity is not an issue. So, again, if you’re the only buyer, the only person with liquidity, you can more easily name your price.”<br> – David McAlvany<br> Kevin: Well, we hope everyone had a very merry Christmas last week. Actually, Dave, you were with quite a bit of your family. You got a chance to talk to your dad and mom in the Philippines, but your sister was here, your brother was here, the kids. One of the things that I love about working for your family is that’s exactly what it is. It’s a family. And you include a lot of people outside of the circle of just the bloodline.<br> David: Yes, it’s funny getting together. You’re not often reminded of how many oddballs can come from one particular gene pool. But it’s a lot of fun. We had a great time.<br> Last night we were gathered for a family dinner, and it was kind of an interesting experience. I was talking to one of the kids and I backed my seat up and I bumped one of our bookshelves. And on this particular bookshelf, we have every decanter, every plate. We’ve probably got, I don’t know, 200 pounds’ worth of porcelain and glass. Four out of five shelves came tumbling down. I barely bumped it and one collapsed on the other, collapsed on the next, and we were so grateful that no one got hurt because looking at the carnage on the floor, it was unreal. It was absolutely unreal.<br> So when families gather, we thought to ourselves, this could have been a Greek wedding, except we aren’t Greek. But they have the tradition of taking the porcelain or whatever and just throwing it away, breaking it. It was an expensive evening, but a great family gathering, and we just laughed and laughed and laughed, thinking this is going to be one of the great tragedies that we will never forget but one of the funniest things that’s happened in a long, long time.<br> Kevin: Dave, one of the things about family, you know, as we read through the questions, we’ve done this question and answer program now for 13 years. The company itself is going on almost 50 years old. It’s the 49th year we are coming into. But what I what I love about our listeners to this broadcast is they get the family vibe. And so even in the questions as we read through the questions, there are little personal things where people are saying, “Well, hey, on Wednesday nights, this is what we do. We turn on the McAlvany Weekly Commentary as a family.” But that’s what I really love and would encourage for our listeners, is just enjoy the real things in life. The financial is fine. It’s fine to talk about ups and downs in the monetary markets, and all of that’s interesting. But really, your intentional legacy is the true backbone of this show, and actually of what we’re trying to do here.<br> David: And certainly the big picture matters to us, and that ties into macroeconomics. But the bigger picture for all of us is the relationships that we’re engaged with and the values that we bring into those relationships, the skills that we develop to better be able to navigate those relationships. So having skills, being able to navigate, there is some cross application, and we’re grateful to participate in a larger conversation and thought process with our listeners.<br> So the Q and A each year is really fun for us to be able to see not only the points of connection that we’ve made through the year or through the years with those listeners, but also the things that are on their minds.
