Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / I'M Warning YOU 🚨 IT'S Happening! 🚨 -- GOLD & SILVER Price Prepare for THIS NEWS!

Transcript

I'M Warning YOU 🚨 IT'S Happening! 🚨 -- GOLD & SILVER Price Prepare for THIS NEWS! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Silver and gold investors, we are in the midst of a very good
• 0:04
  time right now for US silver and gold investors.
• 0:08
  The rest of the world could be in for some very difficult
• 0:10
  times, but we're hearing people talk about $50 silver before the
• 0:15
  elections. I was talking with a prominent
• 0:18
  figure from the precious metals community last night, and he
• 0:21
  told me that he had heard Michael Oliver is talking about
• 0:25
  the fact that we could get $50 silver, like in real, real soon.
• 0:30
  Now, he's not always right. Nobody's always right.
• 0:33
  But the fact remains that we are in a position right now, excuse
• 0:37
  me, that is looking very, very good.
• 0:39
  I'm going to go over the reasons why in this video.
• 0:41
  We got a lot to talk about. There is so much going on.
• 0:44
  It's a big deal. You're here.
• 0:46
  But I never, ever do this. We have something very important
• 0:50
  to talk about. I've never begged you to help
• 0:52
  support anybody, including us here in the basement, but one of
• 0:57
  our good friends, Coin Shop Chris, finds himself in a very
• 1:00
  difficult situation right now. You know what's been on the news
• 1:04
  for the last week? And Coin Shop Chris, who all of
• 1:07
  you know has been severely impacted by what is unfolding.
• 1:12
  On top of that, he's taking care of an elderly relative.
• 1:16
  I'm going to ask you because I can tell you this from the
• 1:19
  bottom of my heart. Coin Shop Chris has helped out
• 1:21
  so many people in the precious metals community.
• 1:25
  Anytime anyone has reached out to him, he's gone way out of his
• 1:29
  way to be helpful, to give information, and he always does
• 1:33
  that without expecting anything in return.
• 1:36
  So I'm going to pull up his PayPal address.
• 1:39
  He is incurring some pretty serious expenses right now, as
• 1:43
  you might imagine. If you want to do something
• 1:45
  nice, if you want to help Coin Shop Chris, that is his PayPal
• 1:49
  handle. I guess you would call it
• 1:51
  c.paris922@paypal.com. I'll pull it up later.
• 1:57
  I'll have it in the description of this video and I think I put
• 1:59
  out a community post as well. That's all.
• 2:02
  Help Coin Shop Chris. Don't donate any money.
• 2:06
  You can't afford to donate. But if you want to do something
• 2:09
  nice, even the smallest amount would be helpful.
• 2:11
  And I'll guarantee you he will be back on YouTube.
• 2:15
  He has a channel that he started coin shop Chris.
• 2:18
  But right now, trust me, he he cannot make videos, but he
• 2:22
  promises all of us that he will be back.
• 2:25
  OK, let's get back to this, this live stream.
• 2:28
  Why should we be? Why are we so excited about the
• 2:32
  prospects right now for gold and silver?
• 2:35
  Let's start with this because this is an absolute thing of
• 2:40
  beauty. We're going to focus on silver,
• 2:42
  but the gold, the gold chart is just as good.
• 2:44
  This is a one year chart of silver, guys.
• 2:48
  We are at the precipice. We are at the at the launchpad
• 2:52
  for much, much higher silver and gold prices.
• 2:57
  Look at this line right here. That is the battle line and we
• 3:01
  are right at it right at this 3132 thirty $250 range.
• 3:07
  I could draw all kinds of lines on there, but the point is that
• 3:10
  we have been battling and fighting to breakthrough $32 per
• 3:14
  oz on silver and I'm it's undeniable when we breakthrough
• 3:20
  323334 and we stay there, we are going to shoot to the moon.
• 3:27
  There is no one out there that I'm hearing that says, oh, once
• 3:31
  we get to $35 silver, we're going to have a pullback.
• 3:34
  No, when we get above 32333435. Buckle up, buttercup, because we
• 3:39
  are going to go on a wild ride in the silver market.
• 3:44
  Guys, Silver has had $50 twice in the past, OK?
• 3:50
  It did it in 1980. What is that?
• 3:53
  45 years ago? 44 years ago?
• 3:56
  Silver hit $50.00 in 2011. OK, That's before my twin
• 4:02
  daughters were born and they're almost 12 years old.
• 4:06
  So to think that it can't happen again and cannot happen very
• 4:10
  quickly. OK, very quickly.
• 4:13
  Whether it happens over the course of a month or six months,
• 4:16
  it doesn't matter. Actually, we might want it to
• 4:18
  happen more like over the course of six months.
• 4:20
  So it's more of a steady increase instead of a rocket
• 4:24
  ship all the way to the top. But none the less, it it can
• 4:27
  happen, it's going to happen. Look at this.
• 4:30
  Let's pull this up. I heard Dave Kransler last night
• 4:35
  talking about this. This is the cup and handle
• 4:38
  formation in the silver market. 44 years.
• 4:43
  He Dave Kransler said that Dave Kransler is like a guy that
• 4:48
  flies a little bit under the radar, but one of the smartest
• 4:51
  analysts out there in the precious metals market.
• 4:54
  And for some reason when he said it's a 44 year cup and handle in
• 4:58
  silver, it really hit me, you know, when something like like,
• 5:01
  you know, but like you kind of forgot and then you hear it and
• 5:05
  you're like, Oh my gosh, that's a big deal.
• 5:08
  OK, 1980, like we just said, $50 silver, 2011, $50 silver.
• 5:14
  Today we are in the handle of the cup and handle and embedded
• 5:19
  within that handle there's wedge patterns, inverse head and
• 5:23
  shoulders. It's absolutely crazy.
• 5:25
  Here's another great way to look at it from Kimball Charting
• 5:29
  Solutions. And this is a, this is a chart
• 5:32
  from 2018, but guys, so it's even better and way better now.
• 5:37
  But that shows the cup right between 1980 and 2011.
• 5:42
  You see the steam coming off, You know, we'll have a sip of
• 5:47
  coffee here together in a second.
• 5:48
  Guys in the handle, guys, there's really no other way to
• 5:53
  look at this than as being absolutely bullish for the price
• 5:58
  of gold and silver. And when we look at the some of
• 6:00
  the underlying crazy fundamentals, how many dollars
• 6:06
  are being printed right now, right for each one ounce of
• 6:10
  silver that's being created. Well, we have an answer for that
• 6:14
  because it is absolutely skyrocketing.
• 6:18
  I, we can't help but look at this ratio, that content.
• 6:22
  Look, it was 711 or 10 minutes ago when I pulled this up the
• 6:27
  dollar. Let me zoom in.
• 6:28
  Let me zoom in for you here. Hold on.
• 6:31
  We need to see this in big scale, baby.
• 6:34
  Oh, here we go. We're going to go over and we're
• 6:37
  going to look at the dollar to silver ratio.
• 6:41
  See my finger? Hold on.
• 6:44
  Yes, you see my finger? My finger, 712, It was like 643
• 6:51
  weeks ago. It was 0 not too long ago.
• 6:54
  Guys. For every one ounce of silver
• 6:56
  that's being produced in the entire world, the United States
• 7:00
  government is printing over 711, 712 to be exact, paper dollars.
• 7:08
  Now that doesn't mean that, oh absolutely silver should be at
• 7:11
  at $700.00 an ounce. But what it does mean, what it
• 7:14
  does mean is that the paper money just continues to be
• 7:18
  printed like at an infinite scale, which come on, doesn't
• 7:23
  it? It mean it's common sense to
• 7:25
  realize if you just keep printing something into Infinity
• 7:29
  in terms of its scarcity, in terms of its value, it only goes
• 7:33
  down. Other big breaking news this
• 7:36
  morning on the US national debt clock, we are getting super
• 7:41
  close to another $100 billion in debt.
• 7:46
  Why is that important, right? We were just at 35 trillion, 600
• 7:51
  billion what, 4-5 weeks ago? For each $100 billion in debt,
• 7:58
  my mathematics show that you have incurred an additional for
• 8:03
  each 100 billion, you as an individual, every citizen
• 8:06
  including the little babies that are being born right now are
• 8:09
  incurring an additional $300.00 in debt.
• 8:13
  And this seems to be it is happening on a very regular
• 8:18
  basis, way, way, way too frequent of a basis.
• 8:21
  Now if we look back at silver, let's go take a look at what our
• 8:25
  friend the Oriental ghost. All right, there he is.
• 8:29
  Doesn't he look like a nice guy, basement dweller?
• 8:32
  We love him Oriental ghost. But if we just check on the on
• 8:36
  the Chinese silver price from Friday, OK, the Shanghai Gold
• 8:41
  Exchange, and I emphasize the high because it's always higher.
• 8:46
  This is a physical silver, see the AG, that's silver SGE,
• 8:51
  Shanghai Gold Exchange, $33.60 and that's the physical price of
• 9:00
  silver in China. Let's take a look at where we
• 9:04
  closed here in the United States.
• 9:07
  Go to our friends at Pinbacks and we closed for $31.50.
• 9:12
  It's a big, massive deal. If you noticed how resilient,
• 9:17
  how powerful, yeah, how strong both the silver and the gold
• 9:22
  price have been. I mean, it's, I don't know how
• 9:25
  long it's been months feels like now like they beat it down, but
• 9:28
  they can't even really beat it down very far and it just
• 9:32
  bounces right back. Later we're going to talk about
• 9:34
  why people are saying we could go to $3000 gold in an instant.
• 9:38
  But right now what I want to tell you about is channel
• 9:40
  sponsor Pinbex Pi MB EX. You're at their website.
• 9:45
  It's an online bullion dealer. So if you want to buy silver,
• 9:49
  gold or platinum group metals, check out Pembacs.
• 9:52
  Compare them to what the other big online bullion dealers can
• 9:56
  offer you and I think you'll find what I've always found.
• 10:00
  Pembacs has ultra competitive pricing.
• 10:03
  You always get, I always get more metal for my money.
• 10:08
  There's a great selection. They always have what I want and
• 10:12
  it's a company that I can trust. Now you need to, you need to
• 10:16
  experience that for yourself. You need to do your own
• 10:18
  investigative work. Read the reviews.
• 10:20
  I'll give you my testimonial, which is I've had nothing but
• 10:26
  absolute great experience with Pendeks over the last year as
• 10:29
  I've made multiple purchases from them and basement dwellers,
• 10:35
  this is super important, OK? Please don't get hold on, don't
• 10:40
  get ripped off, OK? Please.
• 10:43
  If you ever decide to convert part or all of an IRA, an
• 10:48
  individual retirement account into precious metals, there's a
• 10:51
  lot of fancy celebrity endorsed companies on the cable news
• 10:56
  networks. And, and I want you to please,
• 11:00
  I'm not telling you who to work with, who not to work with, but
• 11:03
  please take your time as if you do that and, and compare what
• 11:08
  the different companies can do for you.
• 11:10
  Talk to the guys at Pembacs, ask them what they can do for you.
• 11:13
  And at the end of the day, compare this, compare how many
• 11:17
  actual ounces of let's say, American Silver Eagles or Gold
• 11:21
  Eagles you're going to get for whatever amount of money you may
• 11:25
  be considering to convert. Compare it amongst them all.
• 11:28
  Take your time. I think if you talk to Pembex,
• 11:31
  you'll be shocked at what they can do for you.
• 11:33
  Now, let's go on here, guys. The big deal, the big news, and
• 11:38
  I haven't, I've not been able to dig up what happened, but this
• 11:40
  weekend China is impacting the silver price and the gold price
• 11:45
  pretty much more than anybody right now.
• 11:48
  Well, India, but anyway, China is a big, big deal.
• 11:52
  We're supposed to hear today about their latest update on
• 11:55
  their stimulus program. Why is that a big deal?
• 11:59
  Because just last week, remember that day where we had the silver
• 12:02
  price drop by like, what was it a dollar $1.50?
• 12:06
  That was because there was suspicion, there was fear that
• 12:10
  China was going to pull back a bit on their stimulus.
• 12:12
  So this does have a major impact short term on the price of
• 12:17
  silver and gold. But we're supposed to hear more
• 12:20
  this weekend from the Chinese government.
• 12:22
  And some people think that it could be very, very positive for
• 12:26
  the silver price and the gold price.
• 12:28
  I mean, I was talking with Chris Marcus from Arcadia Economics
• 12:32
  last night and we, we spent about 1/2 hour talking about the
• 12:35
  silver price. And by the time I was done, I
• 12:37
  was, I'd like why? I just talked to myself into
• 12:39
  buying more silver. Don't forget what Citibank.
• 12:43
  Citibank recently said about silver in China.
• 12:47
  Citibank themselves said that the Chinese citizens are
• 12:51
  starting to buy silver as an investment.
• 12:56
  I know one thing for a fact when it comes to the silver price.
• 13:00
  And I have to give credit to the guy, Jeff Christian from the CPM
• 13:04
  groups. I heard him say this.
• 13:05
  First is that in the next six months, the, the, the component
• 13:09
  that can absolutely drive the silver price much higher, way
• 13:14
  higher is going to be investment demand.
• 13:16
  Because guys, investment demand has been minuscule muted over
• 13:21
  the last few years, OK. But but the good news, think
• 13:27
  about this and it's a good thing.
• 13:28
  And I'll tell you the reason why that's a good thing, because
• 13:31
  with this muted pathetic overall investor demand for silver, did
• 13:38
  you notice something the silver price did really well without
• 13:45
  any help, actually with with, with with no help from the
• 13:50
  investment community. If the Chinese public just one
• 13:56
  in 500 start to buy a little more silver, remember there's
• 14:00
  1.4 billion people in China. It could be massive.
• 14:06
  If the Western investors which are now just starting to show
• 14:10
  interest in buying silver again, when they come to the scene, it
• 14:13
  could be absolute, absolute unbelievable returns coming for
• 14:19
  this. It could be it's that factor
• 14:21
  that's not been that's not been there for the last two or three
• 14:25
  years. Indian farmers.
• 14:28
  Do you know there's 100 million Indian farmer.
• 14:30
  Why would we care about Indian farmers?
• 14:32
  Well, we care about everybody because we're nice people.
• 14:34
  And by the way, thank you, yes, you for being here right now.
• 14:38
  Forget the most important part of the show, recognizing you.
• 14:41
  I see you. You're with me here in the
• 14:43
  basement, 500 of us on a Saturday morning.
• 14:46
  It is a big deal. We love to talk about silver and
• 14:49
  gold. You're always welcome here.
• 14:51
  You're part of the club welcome. But you need to subscribe to the
• 14:55
  channel, turn on notifications. Thumbs up are always super
• 14:59
  appreciated, as are super chats and, and, and that.
• 15:01
  But Indian farmers, there's 100 million Indian farm families.
• 15:08
  Indian farmers buy silver when they have a good harvest, right?
• 15:13
  I got some good news coming for you, right?
• 15:15
  What? The Indian, I think they're rice
• 15:16
  farmers. What do they do?
• 15:18
  They store their wealth in silver.
• 15:21
  They've been doing this for hundreds of years, right?
• 15:24
  I've heard about this for decades.
• 15:26
  Guess what? There's an awesome harvest
• 15:29
  coming up in India. It was a good monsoon season,
• 15:32
  whatever that means. I guess that's when it rains and
• 15:35
  they're expecting. So if we have 100 million Indian
• 15:38
  farmers and they all buy 3 ounces of silver, that's 300
• 15:43
  million. I'm not saying that's going to
• 15:44
  happen. I'm just showing you how
• 15:46
  delicate the silver market is and how it can we are.
• 15:51
  This is a big deal right now, what we're living through in the
• 15:55
  silver and the gold markets. No way about it.
• 15:59
  Let's go check. Take a look at this.
• 16:00
  This came from Peter Kraft, the guy that wrote the the book on
• 16:07
  silver. Here we go.
• 16:10
  This is what a stealth bull market looks like in silver and
• 16:14
  gold. OK, look at this.
• 16:15
  Look at the silver price. This is this is one year returns
• 16:20
  as of September 30th, so it is 12 days ago.
• 16:23
  Spot silver year to date up 30% over the last 12 months, 40%.
• 16:29
  The silver miners up big. That's in the blue.
• 16:32
  Look at gold over the last 12 months, up 42%.
• 16:37
  OK, the gold mining stocks. Now compare that to the S&P 500,
• 16:41
  to the Vanguard. Why is this a big deal?
• 16:43
  Because as the general investing community, including the big
• 16:49
  hedge funds, including the sovereign wealth funds,
• 16:52
  including wealthy individuals, including the Costco dads,
• 16:56
  including any of these people, right, when they start to
• 17:01
  recognize just how powerful this rally is in the silver and gold
• 17:06
  market, it will only bring more people in.
• 17:08
  And it is such a small market, guys.
• 17:13
  There's only 1 billion ounces of silver produced in the whole
• 17:18
  world every stinking year. 1 billion.
• 17:21
  Now, that's a lot. Yeah, it may not compare much to
• 17:23
  your stack that you've got in your basement, but to most of
• 17:27
  us, a billion would be a big stack.
• 17:29
  But in the in compared to the world market, 1 billion ounces
• 17:34
  of silver is nothing. What is that $30 billion, right
• 17:38
  we talked about yesterday all the money the people that just
• 17:42
  Americans have in their say in their money market accounts 6.5
• 17:47
  trillion. If 1% of that money that's in
• 17:51
  money market accounts, 1%, right, where to come out of the
• 17:56
  money market accounts and go into silver, that could buy the
• 17:58
  entire world's silver production for one year.
• 18:02
  It could buy it 2 * / 65 billion dollars.
• 18:08
  It's astounding where we sit right now, right?
• 18:11
  This market is not big. It's a, it's a, it's a, it's a
• 18:14
  fraction. I think Apple Computer probably
• 18:17
  with the, excuse me, cash they have could buy the entire silver
• 18:21
  market. It's not going to take a lot and
• 18:24
  we could have major, massive big moves in the silver market in
• 18:28
  particular. Gold's bigger, OK, but gold and
• 18:32
  gold works under with under a different dynamics, no doubt
• 18:35
  about it. And silver as we know is very
• 18:39
  related to gold. But this silver market is primed
• 18:44
  and ready to go, $50 silver in weeks.
• 18:47
  It can happen. Not, not making, you know, not
• 18:50
  making strong predictions. I'm saying $44.00 over by
• 18:55
  Christmas. I stand by that.
• 18:57
  OK, I'll eat crow on Christmas morning if I'm wrong, but what a
• 19:03
  night. Wouldn't that be a wonderful
• 19:05
  Christmas morning live stream? And I'll be here even if it's
• 19:09
  just for 10 minutes. You can count on me.
• 19:11
  I'm no Santa Claus, but I will show up on Christmas that we'll
• 19:14
  have a live stream and man, $44.00, we'll we'll have a
• 19:19
  little Christmas morning party together.
• 19:21
  Won't that be fun? Won't that be fun?
• 19:24
  Let's see here. So the China thing's a big deal.
• 19:27
  On top of that, there is such manipulation in the silver
• 19:32
  market. There are people who spent their
• 19:34
  careers, right, working, toiling to prove that the Comex and the
• 19:40
  LBMA are cheaters, right? The big bullion banks are
• 19:45
  cheaters. Cheaters.
• 19:46
  We don't like cheaters, no right, Nobody likes cheaters.
• 19:49
  We like a fair level playing field, but that's not been the
• 19:52
  case for the silver market. Wait till you see this most
• 19:56
  recent information that I can find about the short position in
• 20:01
  the silver market. This comes from our friend make
• 20:03
  gold great again here he says right here.
• 20:07
  Let's highlight it. There are now 665 million oz
• 20:12
  short. OK, most of it's naked shorts.
• 20:16
  One of the largest. Concentrated short positions in
• 20:20
  history, he says. It feels like $32.75 silver is
• 20:24
  what the shorts are desperate to defend and avoid getting a
• 20:29
  silver squeeze. Guys, there are big powerful
• 20:33
  entities out there that do not want the silver price to go over
• 20:40
  3250. Thirty $3 per oz.
• 20:44
  We really are in an epic, epic battle right now.
• 20:49
  But unfortunate for some of them, the playing field has
• 20:53
  changed. Let's take a look at this real
• 20:54
  quick. That would be a modified picture
• 21:00
  of Jamie Dimon with silver tightly fitting boxer shorts on.
• 21:04
  It says silver shorts are about to be exposed now at 665 million
• 21:11
  ounces. I've never been a big fan of
• 21:15
  Jamie Dimon, OK, absolutely never a big fan of JP Morgan,
• 21:20
  right? They've manipulated, they've
• 21:22
  been convicted, right? Last year, year before, right,
• 21:26
  they had two of their traders convicted of manipulating the
• 21:29
  precious metals market. That's not fair.
• 21:31
  That's not right. In this country was built on and
• 21:35
  succeeded on to the extent that it could, providing a fair and
• 21:38
  level playing field. So look, 660 million oz short
• 21:45
  and silver. The key to remember here, the
• 21:48
  reason why that's a huge, huge deal is that if we get above
• 21:52
  $3334 per oz silver, all those people that had sold silver
• 21:59
  short, right, They sold all that and look how good the price is
• 22:02
  done in the face of all that sales, all that 660 million.
• 22:07
  But guess what, Buttercup Bullion Bank, I got news for
• 22:11
  you. You got to cover your shorts.
• 22:14
  And what is covering shorts mean?
• 22:16
  Covering shorts means you have to buy back the silver.
• 22:19
  And it guys, if it gets to 36 dollars, $37, this picture that
• 22:26
  we just saw, hold on here, right?
• 22:30
  It's going to have a big brown stain down there because they
• 22:33
  are going to be they're going to be oh, I can't think of how to
• 22:38
  say this with keeping this a family friendly show.
• 22:42
  They're going to be very nervous.
• 22:45
  Excuse me, That's all. I have a sip of coffee.
• 22:58
  Sorry about that. Hey guys, don't forget, please
• 23:00
  consider helping out Coin Shop Chris.
• 23:02
  He really is in a bad difficult position right now.
• 23:06
  He will come back, right? Remember, he has his own YouTube
• 23:09
  channel. If you can't donate anything, I
• 23:12
  want you to get a pen and paper right now and write down coin
• 23:15
  shop Chris and after this live stream, after you watch this
• 23:19
  video, go into the YouTube search bar, type in coin shop
• 23:22
  Chris, send him a message or subscribe to his channel.
• 23:25
  Just that might help lift his spirits.
• 23:27
  All right, let's move on and he's may call in in a little
• 23:31
  bit. I'm not sure that he is.
• 23:33
  We'll see how that works out. Gold defies the odds.
• 23:37
  OK, this is we could see a massive new wave of money coming
• 23:51
  into the gold market and that will mean silver market as well.
• 23:56
  I'm going to explain to you why, the reasons why and give you
• 24:00
  some examples right now. Let's go see what our what our
• 24:03
  good friend Neils Neils, we love Neils at Kitco had to say OK,
• 24:10
  gold is defying the odds yet again.
• 24:13
  And we talked about that. They just can't keep it down.
• 24:17
  They can't beat it down We're heading we got like what 4-3
• 24:21
  weeks till an election, the big bricks meeting coming up We've
• 24:25
  got and now we have some major catalyst on the horizon.
• 24:29
  Did you hear this? Did you hear this?
• 24:32
  And we'll get back to this article, but I need to look at
• 24:34
  you for this one. This made sense to me.
• 24:36
  Let me know if this makes sense to you, but I heard a top
• 24:40
  analysts say this just the other day.
• 24:43
  It's not the period. Actually, we all thought the
• 24:46
  period leading up to the election, right, that we'll have
• 24:49
  here in the United States, Kamala Harris versus Donald
• 24:53
  Trump, that the period leading up to the election could be
• 24:56
  crazy. No, and I hadn't thought about
• 24:59
  this. It's the period.
• 25:00
  Obviously it makes sense. Does not hopefully this this,
• 25:04
  this, this makes sense to you as well.
• 25:07
  It's the period after the election that we have to worry
• 25:10
  about. That's when all the real turmoil
• 25:12
  could break out. And I was like, you know what,
• 25:14
  that's right because both sides are thinking my guy's going to
• 25:17
  win or, or my gal guy, gal, whatever, you know is going to
• 25:26
  win. It's the period after the
• 25:28
  election where we can have some real uncertainty in this country
• 25:32
  turmoil, right? Because that's when people are
• 25:34
  going to go nutso. But potentially, I hope not, I
• 25:38
  live here. But nonetheless, it's I think
• 25:40
  that's something that we haven't necessarily given too much
• 25:44
  consideration to all of that in the backdrop of coming off the
• 25:51
  massive bricks meeting, right, where the world could be talking
• 25:54
  about moving to a gold standard. I mean, that could have massive
• 25:58
  ramifications for the for the value of the dollar, for the
• 26:01
  value of silver and gold. And on top of that, we're going
• 26:04
  to talk about this in a little bit.
• 26:06
  The Middle East is nuts right now.
• 26:09
  Talk about uncertainty, guys. It is getting to be absolutely
• 26:13
  nuts. But I promised you that we'd
• 26:15
  look and see what Neil said. And a big bonus feature, why
• 26:18
  gold can go to $3000 very quickly, coming at you very
• 26:22
  soon. But he says gold defies the odds
• 26:24
  yet again. OK.
• 26:30
  Although generalist investors continue to ignore the gold
• 26:33
  market again, that's a good thing.
• 26:35
  That's a, that's a, that's like an ace in the ace in the hole,
• 26:38
  right? Like, we know that's going to
• 26:39
  come back. The price action has been
• 26:42
  exciting to watch. The precious metals continue to
• 26:47
  defy the odds as shallow corrections are consistently
• 26:51
  bought. Shallow corrections are
• 26:54
  consistently bought. Analysts note that gold
• 26:56
  investors have had every reason to take profits, every reason to
• 27:00
  push the gold price down as expectations around the Federal
• 27:04
  Reserve's monetary policy continue to swing wildly.
• 27:09
  Let's go out here and see. Hold on, I may have a drink of
• 27:12
  water. I'll be right back.
• 27:20
  Let's go out here and take a look right now at what the This
• 27:23
  isn't the CME Fed Watch tool. Our next meeting is not for 26
• 27:31
  days. Oh, I have a tickle in my
• 27:32
  throat. I apologize.
• 27:37
  Right now we have the current rate is right there at the top
• 27:41
  current target rate 4.75 to 5 point O looks like there is a
• 27:46
  8090% chance. This is a quarter one, you know,
• 27:51
  quarter of a point .25% decrease in rates at the next meeting.
• 27:57
  And OK, and there's zero percent chance of a 5050 basis points
• 28:05
  1/2 percent cut, but it looks like they're now saying a 10%
• 28:09
  chance of no rate cut. So guys, this is a big deal
• 28:16
  because in that environment, they're saying now that at the
• 28:19
  next Fed meeting we're only going to get a quarter point
• 28:22
  rate cut. 90% chance. There's zero percent chance of
• 28:26
  1/2 percent rate cut, but there's a 10% chance that we
• 28:29
  will get no rates cut, Zero rate cut.
• 28:32
  The gold price should be down to 100 bucks if it gave a crap,
• 28:36
  excuse my language, if it cared about the Fed, gold doesn't
• 28:40
  care. Silver don't care about the Fed
• 28:42
  anymore. Silver and gold don't care that
• 28:48
  the Western investors haven't shown up at the party.
• 28:51
  But are they about to show up at the party?
• 29:04
  Are they about to show up at the party?
• 29:07
  Let's go back to Neil's. Excuse me, guys.
• 29:14
  Really embarrassing. I apologize.
• 29:15
  OK, It all started Friday. We had a good jobs report.
• 29:20
  Monetary policy. Hold on.
• 29:27
  Here we go. Although investors expectations
• 29:31
  for aggressive easing have been paired back, analysts have noted
• 29:35
  that the gold market is much bigger than a single monetary
• 29:39
  policy decision. While we might not see another
• 29:45
  50 basis point rate cut soon, it is clear that the Fed will
• 29:49
  continue to ease rates even as inflation remains.
• 29:52
  OK, here we go. This is where it gets
• 29:54
  interesting. Last month, 1.3 billion worth of
• 29:59
  gold flowed into North American listed funds, compared to global
• 30:05
  inflows of 1.4 billion. This typical price action we've
• 30:09
  seen in gold markets, said the World Gold Council noted that
• 30:12
  the trend is still relatively, relatively new.
• 30:15
  Historically, gold prices have risen by 6% in the first six
• 30:20
  months of a new easing cycle. Why is this a big deal?
• 30:25
  Why? Why are we paying attention?
• 30:27
  Because our our good friend Phil Streibel at Blue Line Futures,
• 30:32
  he points this out and I've heard him say it a couple times.
• 30:37
  People don't start buying the gold.
• 30:40
  And I would imagine silver ETFs until about 30 days after the
• 30:44
  Fed cuts rates. OK, we are.
• 30:49
  We are not even there yet. We're getting there.
• 30:51
  What's it been, 2 1/2 weeks? But we're going to see a massive
• 30:55
  amount of new money if history repeats, and it almost always
• 31:00
  does, coming into the gold and silver ETFs.
• 31:09
  So that will be a big deal. Now, I want to show you
• 31:13
  something that I think is just absolutely astounding.
• 31:17
  Think about a little money coming into the gold and silver
• 31:20
  ETS. But this is mind numbing in.
• 31:23
  This shows us unequivocally that we could have, right?
• 31:29
  Peter Schiff recently said right, $12,000 gold, $14,000
• 31:35
  gold, $26,000 gold. He said gold went from $20 to
• 31:40
  2600. Why can't it go from 2600 to
• 31:43
  26,000 or even $100,000? And this my this, this is This
• 31:51
  is why. This came from the hedgeless
• 31:54
  horseman. But Tavi Costa originally posted
• 31:58
  this from Crescott Capital. Look at this.
• 32:01
  This is unbelievable. Gold and gold miners as a
• 32:08
  percentage of total global assets.
• 32:12
  And the numbers on silver are probably even more extreme.
• 32:16
  But look at this. Look how, look how in the past,
• 32:20
  right? The amount of money in gold and
• 32:22
  gold miners as a percent of total global assets has been 28
• 32:27
  percent, 20 percent, 30% even in 1981.
• 32:32
  Twenty, 6% right now, 1%. I mean if we just went back to
• 32:39
  1981 and and gold and gold miners represented let's say
• 32:44
  25%, we don't, we won't even, we won't care, we won't, we won't
• 32:48
  demand to get back to 26%, get back to 25% guys.
• 32:55
  That would be 25 times more money in the precious metals
• 33:00
  markets and in the precious metal mining stocks.
• 33:04
  If we get if this number, if this one, just think about if
• 33:07
  this number even goes to 5%, that's five times the amount of
• 33:13
  money. Do you you realize what that
• 33:16
  would do to the precious metals prices?
• 33:19
  It would be absolutely explosive.
• 33:23
  I mean, it's it really truly is is my is mind numbing, right
• 33:29
  that nobody in look, here's what's going to happen.
• 33:32
  Here's how it's going to play out.
• 33:34
  That money will come into gold and silver, gold and silver.
• 33:38
  And here's the reasons why have been stores of value for
• 33:42
  thousands of years. Have you heard that like
• 33:44
  thousands of times at minimum in the basement, right.
• 33:48
  But that's true. They've been a reliable store of
• 33:51
  value for thousands and thousands of years.
• 33:55
  People are going to freak. Remember what we said earlier,
• 33:58
  $6.5 trillion in money market funds right now in the United
• 34:04
  States. That's safe money.
• 34:07
  That's money that people don't want to put at risk.
• 34:09
  That's money that that people don't want to put in the stock
• 34:12
  market, into the real estate market, into the bond market.
• 34:15
  When that money that's in those at that 6.5 trillion that's in
• 34:18
  those money market funds, when inflation explodes and people
• 34:23
  realize they're now losing money on that money in the money
• 34:26
  market funds, they're not going to put it in the stock market.
• 34:28
  They're not going to put it in the real estate market.
• 34:33
  Every time I think about my throat tickling, it tickles
• 34:35
  more. They're not going to put it into
• 34:37
  the real estate market. They're going to they're going
• 34:41
  to be looking, they're not going to want to keep it in money
• 34:42
  market account. They're going to they're going
• 34:44
  to start realizing silver and gold and that's when we can see
• 34:48
  some really incredible numbers. Thank you guys for being here.
• 34:55
  OK, 800 of us, remember, Susie locks the door at 800.
• 34:58
  You're part of the club. Welcome.
• 35:00
  All right, it's going to be in in just an incredible situation
• 35:07
  when when things get rectified. On top of that, we've got the
• 35:10
  Chinese in the Indian people, governments, people and
• 35:15
  governments buying more and more and more.
• 35:19
  We have Russia. Russia, they're government.
• 35:23
  Did you hear that? You probably did.
• 35:25
  But if you didn't, there was a big news story this week.
• 35:27
  The Russian government is buying silver.
• 35:31
  First time ever. Like, well, first time since
• 35:34
  I've been following silver. They've heard of any government
• 35:37
  buying silver. Is that the beginning of a
• 35:39
  trend? It's going to be, it's going to
• 35:41
  continue to be unbelievable. I got mad.
• 35:44
  I forgot I got to tell you guys a story.
• 35:46
  Somebody stole 6 ounces of silver from me. 6 ounces.
• 35:51
  So I've got a great friend who's a great mechanic and I have a
• 35:56
  Toyota Camry that needed a new thermostat put in.
• 35:59
  And I do a lot of my own car work.
• 36:01
  I'm a big proponent of it. But this one required draining
• 36:03
  the antifreeze and it was a little bit out of my wheelhouse.
• 36:06
  So I asked my buddy and you know, the dealership wanted like
• 36:09
  600 bucks to do this and I asked my buddy.
• 36:12
  I said, hey, I'll give you a couple 100 bucks and pay for the
• 36:15
  part. Will you do it?
• 36:15
  He said, yeah, sure thing, Ronnie.
• 36:17
  He also happens to be a bit of a silver stacker, and he has a a
• 36:22
  son grandson anyway, who's 11 years old.
• 36:25
  And I said, you want me to pay you in silver or do you want me
• 36:28
  to pay with cash? And I said I'll pay you in cash
• 36:30
  for the parts that you buy. He said, yeah, you know, let me
• 36:33
  ask my grandson. His grandson, he's 11 or 12
• 36:39
  years old, came back and said get the silver, get the silver.
• 36:44
  So yesterday I took the the car over to his house and he's a
• 36:48
  great mechanic. He got done and I had to hand
• 36:51
  over 6 ounces of silver. Glad to do it.
• 36:54
  I saved money, my buddy, I paid him for cash with the parts.
• 36:57
  But the kid got 6 ounces of silver from his awesome grandpa.
• 37:04
  And I thought this is the way it should work, right?
• 37:06
  And I told him I was joking. It's just a great guy.
• 37:09
  It's so nice. They have good friends, right?
• 37:10
  I mean, cuz really it saved me a couple 100 bucks.
• 37:13
  And he made, you know, his grandson made off with a couple
• 37:16
  100 bucks worth of silver. And the silver was sitting
• 37:18
  there. And I said, you know what, I
• 37:21
  hope a year from now that silver's worth twice as much.
• 37:25
  And I think it really could be. So anyway, I'm just joking.
• 37:29
  I wasn't mad at the kid. I thought it was pretty awesome
• 37:31
  that this young kid wanted told his grandpa to take silver from
• 37:34
  me. Can we get $3000 gold in an
• 37:41
  instant Guys, hold on a second here.
• 37:45
  OK coin shop Chris is not going to be able to join us.
• 37:49
  He's he's in a bad situation, but he says he will be back.
• 37:51
  He'll be back on his channel. He'll be back on our channel
• 37:54
  ASAP, $3000. This situation in Iran, this
• 37:58
  situation in Israel is big many. Now I've I've heard two analysts
• 38:06
  say that if this escalates, we could get $3000 gold in an
• 38:11
  instant. Let's back up because we need to
• 38:14
  realize something we're not wanting.
• 38:16
  You know, I don't want $3000 gold on the back of people
• 38:21
  dying. I have no other way to say it,
• 38:23
  right? I know that you don't either,
• 38:25
  but we're just talking about what is going on, what's
• 38:28
  happening out there in the market.
• 38:31
  OK, so let's look at this a couple quick news stories
• 38:39
  already. Look at that.
• 38:41
  It says right now Iran, and this is the breaking news.
• 38:45
  Iran has threatened to attack their oil rich Arab Gulf states,
• 38:50
  their neighbors and US allies in the Middle East if their land or
• 38:55
  airspace is used for an for an attack on Iran.
• 39:00
  So Iran has come out and said basically to all the countries
• 39:04
  in the Middle East, if you allow Israel to use your airspace to
• 39:10
  attack us, we basically consider ourselves to be at war.
• 39:15
  I used to get in trouble because I'd say war, war, war, war with
• 39:19
  you. That's a big, big deal.
• 39:22
  We don't know how if it's going to play out this weekend, if
• 39:25
  anything, or anything. But Iran is serious.
• 39:28
  Iran is telling, I think the United Arab Emirates, if you
• 39:32
  allow that to happen, that would be a major, major escalation of
• 39:38
  that situation. And we we don't, we had we had
• 39:40
  enough going on with the election and everything else.
• 39:43
  But let's just look at the details of what they're saying.
• 39:45
  This comes from NBC News Iran warns its neighbors not to help
• 39:51
  Israel. OK, now we go down here from
• 39:55
  Dubai. The the United Arab Emirates
• 39:57
  bracing itself for a retaliatory strike from Israel.
• 40:01
  Iran has been urging its Arab neighbors not to allow Israel to
• 40:05
  use their airspace, 2 diplomats from Gulf nations told NBC News
• 40:09
  on Friday. Israel vowed to respond to last
• 40:13
  week's ballistic missile attack by Iran, prompting Tehran.
• 40:17
  Iran to warn countries that helping Israel in any way would
• 40:22
  potentially escalate into war, one of the diplomats said.
• 40:27
  Both asked not to be named because they were not authorized
• 40:29
  to speak publicly about sensitive issues.
• 40:33
  OK, they say they want to de escalate, blah, blah, blah.
• 40:37
  Everybody says we want to de escalate, We want a ceasefire.
• 40:40
  But the reality is then things get worse.
• 40:42
  Now, if that happens and we do not want this to happen, right?
• 40:46
  I know people that are deployed American soldiers in the region.
• 40:50
  It's scary, but if it happens, it could throw, it could be, it
• 40:56
  could be scary. All right, we got enough going
• 40:58
  on right now. We don't need any more.
• 41:00
  So let's keep all those people in our thoughts and prayers.
• 41:03
  We we talked about the CME Fedwatch tool.
• 41:06
  OK guys, this is, this is big. Only a only a, a 90% chance that
• 41:13
  we're only going to get a quarter point rate cut at the
• 41:17
  next meeting and now a growing chance that we won't get any.
• 41:22
  The gold price and silver price should be absolutely in the
• 41:26
  toilet. But guess what?
• 41:29
  It doesn't matter anymore. It doesn't matter.
• 41:33
  The Federal Reserve has cooked their goose.
• 41:37
  The Federal Reserve has shot there, whatever you want to say
• 41:42
  has has used all their tools. The Federal Reserve is maybe
• 41:47
  need some of those little blue pills because they're losing
• 41:50
  their strength. They're losing their sway
• 41:55
  throughout the world. They are in a heap of trouble.
• 41:58
  The only thing, the only thing that the Fed is going to be able
• 42:03
  to do is print money, right? Devalue the dollar.
• 42:08
  Take a deep breath, join me for a second and think about this,
• 42:12
  right? Since you've been alive, has the
• 42:14
  dollar gone up in value or down in value?
• 42:18
  Has the amount of goods and services that you can get?
• 42:21
  Oh, it's been a couple days with this paper, right?
• 42:25
  Has it gone down or gone up? Think about what this meant to
• 42:27
  you. I'm 54 years old when you were
• 42:29
  14 years old and my mom and dad gave me one of these right?
• 42:33
  I could get on my my BMX bike and ride over to the 711 and I
• 42:37
  could get a Slurpee. I could play a video game, I
• 42:40
  could get a candy bar. I could do a lot of things.
• 42:42
  What can you do with this now? Right?
• 42:44
  The the value has gone down. It will continue to go down and
• 42:47
  it's only going to escalate. This is not hypothesis.
• 42:53
  OK, This, this is not a make believe land, right?
• 42:57
  In 1971 when they took this right, they stopped backing it
• 43:02
  with real assets. It has done nothing but go down
• 43:05
  in value. It's done nothing but steal from
• 43:10
  the working class, the people that work in this country.
• 43:13
  That's a fact, right? And now, right because of oh
• 43:18
  boy, since I already got it up, let's go take a quick look.
• 43:21
  It's been 30 minutes since we were out here because of this,
• 43:25
  right? 35 trillion, seven guys.
• 43:28
  Remember, for each 100 billion they add to the debt, that's
• 43:33
  $300.00 more debt. You owe you, you, I'm talking to
• 43:37
  you. Most of you are joining me from
• 43:39
  America. All the people joining from
• 43:41
  everywhere else, you're also welcome as well.
• 43:43
  And you can be grateful. Your government, maybe it spends
• 43:45
  more, I don't know, but this is real, OK?
• 43:49
  They are in big, big trouble. And I'm going to show you right
• 43:53
  now why they are in big trouble. I put this together last night
• 43:58
  because it it dawned on me and I was like, this is big.
• 44:01
  This, I think is a good way to look at what is going on right
• 44:05
  now. Yes, I drew that myself.
• 44:07
  That's Jerome Powell in the middle.
• 44:10
  Oh, there guys. You see me?
• 44:11
  Hi. I'm over here on the side of the
• 44:13
  screen. I shrunk.
• 44:16
  I'm like that kid in what is that, Willy Wonka and the
• 44:20
  Chocolate Factory. Hi, everybody.
• 44:21
  I shrunk. Anyway, this.
• 44:24
  Look over there. No, look at me.
• 44:26
  OK, This is Jerome Powell in the Federal Reserve.
• 44:30
  So up here is where we are now. They lower rates.
• 44:34
  OK, What happens when they lower rates?
• 44:37
  Follow the arrow to the right and down.
• 44:39
  Inflation explodes, and it's not just going to explode because of
• 44:43
  that. It's all what we talked about,
• 44:45
  the unbelievable debt, everything else.
• 44:47
  So inflation explodes, Then what do they do?
• 44:49
  OK, well, even though the economy is still pretty crappy
• 44:53
  right now, go to the bottom. Then they raise rates.
• 44:57
  We got to raise rates to fight inflation.
• 44:59
  Or what happens if they raise rates to fight inflation?
• 45:03
  Follow it to the left. It's a big circle.
• 45:05
  When they raise rates, then the economy implodes.
• 45:09
  OK, Oh boy, the economy imploded.
• 45:11
  What are we going to do now? Follow the circle up to the top.
• 45:14
  We're going to lower rates. Oh, but we still have this
• 45:17
  inflation problem. Like we heard last week,
• 45:20
  inflation's going up again. Inflation explodes more.
• 45:25
  Oh boy, raise rates. It's a big circle.
• 45:28
  They are in a box. That's why we talked about, and
• 45:32
  that's why we have this. Hold on, right?
• 45:38
  This is not just some funny prop.
• 45:40
  This is the truth. Oh, look, there he is, right?
• 45:45
  That's him over there. This is the truth, right?
• 45:51
  There's inflation on one side and there's a recession on the
• 45:56
  other. OK, the solution is this.
• 46:00
  Remember right here, Here's a piece dollar.
• 46:07
  Here's a peace dollar. That's the solution that worked,
• 46:13
  right? We put it in there, right?
• 46:15
  Oh, yeah, boy. No.
• 46:16
  Here's what he does here. Look, this is great.
• 46:21
  We're having so much fun. OK, here's the solution for
• 46:25
  Jerome. Right.
• 46:26
  The peace dollar. That's what we should be doing
• 46:29
  instead. This is what we are doing.
• 46:33
  More paper printing. Printing.
• 46:35
  Printing. Right.
• 46:36
  No, Jerome, it's not the way we should be doing it.
• 46:40
  It's absolutely, absolutely crazy.
• 46:43
  You know, here, let's do a little silver show and tell.
• 46:46
  Listen, you know, here, here's 3.
• 46:48
  Listen. Hear that?
• 46:50
  That's the salute. That's the sound.
• 46:52
  That's not Rudolph and his reindeer coming to town.
• 46:55
  That's fantasy. This is real, OK?
• 46:59
  We love Rudolph, and Rudolph's going to bring us $44.00 silver
• 47:02
  and we're going to have a big Christmas morning celebration or
• 47:04
  I will eat a crow live on Christmas morning.
• 47:07
  OK, listen, OK, that's the sound of real money, but pick up some
• 47:12
  of your silver. Hold it.
• 47:13
  This feels good. 333 old US silver dollars.
• 47:19
  I mean, can you under? Can you believe this one's from
• 47:22
  1873? Great.
• 47:26
  I don't know. I can't read.
• 47:27
  I'm getting older. You know how that is?
• 47:29
  I mean, Can you believe that we can still buy these things?
• 47:32
  You know what life was like in 1873?
• 47:36
  I'll tell you what. This same.
• 47:43
  See if I can get it. Focus.
• 47:45
  Come on. Focus.
• 47:46
  There it is. Isn't that beautiful?
• 47:48
  That same silver dollar today, this same silver dollar roughly
• 47:55
  buys exactly what it bought in 1873.
• 47:58
  Do we need any more reason to love silver and gold?
• 48:01
  I mean, it's crazy, guys. It's absolutely insane what is
• 48:06
  going on. Last week was a massive deal for
• 48:09
  silver and gold investors. Last week was huge.
• 48:12
  I was wrong. OK, I was absolutely wrong.
• 48:17
  I'm wrong all the time. I make predictions, I go out.
• 48:20
  I said that I thought the CPI, the inflation numbers that we
• 48:23
  got last week would be down because they would want to
• 48:25
  manipulate the public for the upcoming election to be able to
• 48:28
  say, hey, look, by dynamics, it's working, blah, blah, blah.
• 48:32
  No, I was wrong inflation and they couldn't even if they
• 48:36
  propped. Let me let me back up.
• 48:39
  The number they reported which showed inflation going up was,
• 48:43
  was was probably not accurate. We know that on top of on top of
• 48:47
  the fact that really the real inflation rate was probably more
• 48:49
  like 5%. But nonetheless, the official
• 48:52
  number that of course we all believe, because we believe
• 48:55
  everything that our government tells us, they would never lie
• 48:59
  to us. Not at all.
• 49:00
  No, right. The official government number
• 49:03
  went up, OK, And it the real number probably went up much,
• 49:07
  much more. But why was that such a huge
• 49:10
  deal? OK.
• 49:12
  And we got news that the job market's not doing too well.
• 49:17
  And we got to talk about Boeing. Did you hear massive breaking
• 49:20
  news just last night about Boeing?
• 49:22
  We'll get to that in a second. But we got news that new people
• 49:26
  that lost their jobs, OK, the weekly jobless first time, but
• 49:31
  whatever. But it was, it was way higher
• 49:33
  than they expected. So we got news that inflation is
• 49:36
  going up. Like we needed to know that we
• 49:39
  go to the grocery store and the gas station, right?
• 49:41
  We have news that inflation's going up.
• 49:44
  And we got news right that the economy's going in the tank.
• 49:49
  The economy is going in the tank.
• 49:51
  We've been talking about that for a while, likely.
• 49:53
  OK, maybe we're wrong, but we're never wrong.
• 49:56
  We know that that what that news was last week, what that news
• 50:00
  was when it came to inflation, it was such a big deal for
• 50:03
  precious metals because the gold and silver price absolutely
• 50:07
  should have been clobbered. I was so excited on on, was it
• 50:12
  Thursday morning when the CPI number came out?
• 50:15
  I was like, Oh my God, you know, I was like gold and silver down,
• 50:19
  gold down $100, silver down 2 bucks.
• 50:23
  They went up. It's, it's a different situation
• 50:27
  now, guys. We have turned the corner, OK?
• 50:32
  It's like you probably experienced that in your life.
• 50:34
  When you learn a new skill or you, you, you kind of shift into
• 50:38
  a different stage of your life. Yeah, I'm 54 years old.
• 50:41
  I've had that happen. You probably have had that
• 50:43
  happen. That's what happened.
• 50:44
  That is what has happened. And we talked about it early.
• 50:47
  We talked about it starting back in December of last year.
• 50:50
  And you know what? We were right about that.
• 50:53
  But now we're getting piece of evidence after evidence that.
• 50:57
  Thank you, Susie. I'll bring the gong here in a
• 51:00
  second. Thank you, Lovely Susie, my
• 51:02
  lovely assistant. We've got a piece of evidence
• 51:06
  after piece of evidence after piece of evidence that we are in
• 51:11
  this new environment for silver and gold.
• 51:14
  And last week to me further cemented that fact.
• 51:20
  Guys, we've been through this before.
• 51:23
  I remember, you know, remember when the Fed started raising
• 51:27
  rates and, and it's like, that was a ship now.
• 51:29
  Well, guess what, buttercup? Good things can happen for you.
• 51:35
  And they're happening right now because we're in this new shift.
• 51:39
  And now is the economy's in horrible shape.
• 51:44
  You know, the the Fed, it's it's turn, it's going to turn into a
• 51:47
  print fest. But that's what's all they can
• 51:50
  do. They're not going to call it QE.
• 51:52
  They're not going to call it operate.
• 51:53
  They'll come up with some fancy new name, OK, and they'll
• 51:56
  probably do it under the under the under the cover of some type
• 52:00
  of crisis. But be prepared, OK?
• 52:04
  Absolutely. You need to be prepared.
• 52:06
  Boeing. This is breaking news as of last
• 52:09
  night then, and our hearts go out to anyone who's impacted by
• 52:13
  this. Boeing, you know, one of the
• 52:15
  biggest companies in our country from CNBC, Boeing to cut 17,000
• 52:24
  jobs as losses deepened during the factory strike.
• 52:28
  So there's a strike going on at Boeing, but they're cutting 10%
• 52:33
  of their workforce, 17,000 people.
• 52:38
  OK, Think of Madison Square Garden.
• 52:41
  That's like Madison Square Garden full of people with
• 52:45
  really good jobs, really good benefits, really a high paying
• 52:50
  job, 17,000 people probably making.
• 52:53
  I would imagine if you work at Boeing, I know we have a big
• 52:57
  Boeing facilities here in Saint Louis.
• 52:59
  You're making six figures, right?
• 53:00
  You're getting great insurance, great benefits, great
• 53:03
  everything. You're not talking about, you
• 53:05
  know, gig work for Uber or something like that.
• 53:08
  Nothing against that. Whatever people do.
• 53:10
  Hey, I make YouTube videos in my basement.
• 53:12
  I'm not putting anybody down. Nonetheless, set a Madison
• 53:16
  Square Garden full of people that probably make between 80
• 53:20
  and $180,000 per year. That's a big deal.
• 53:25
  OK. The manufacturer will also delay
• 53:29
  the launch of its new 777X wide body plane and it talks about
• 53:33
  the factory spike will cut 10% of their workforce is losses
• 53:38
  amount in a machinist strike that is idled aircraft.
• 53:41
  Factories will also push back the long delayed launch of its
• 53:44
  wide body airplane. This is not good guys.
• 53:48
  It says our business, our listen to what the CEO said, she says,
• 53:52
  quote, this is Kelly Ortberg. Quote.
• 53:56
  Our business is in a difficult position and it's hard to
• 54:00
  overstate the challenges we face together beyond navigating our
• 54:06
  current environment. Restoring our company requires
• 54:08
  tough decisions and we will have to make structural changes to
• 54:12
  ensure we can stay competitive and deliver for our customers
• 54:16
  over the long term. This is one of the, this is one
• 54:20
  of the Hallmark American. You don't want to look at that
• 54:23
  now, do you? Hallmark American companies,
• 54:28
  Boeing, this is like Ford, OK or General Electric, right?
• 54:34
  They are in very bad shape, OK, very bad shape, very, very bad
• 54:39
  shape. It's, it's, it's sad to see, but
• 54:42
  I think it's also to a certain degree an example of what's
• 54:46
  going on not only in the US economy, but throughout the
• 54:48
  world. Jeff Christian from the CPM
• 54:52
  group, he is a guy who is, I think what respected within the,
• 54:59
  the, the silver and gold community.
• 55:01
  There's some contention he doesn't really like people like
• 55:04
  me. Like I'm a silver pumper.
• 55:06
  My hands up. I love silver.
• 55:08
  I think it's going higher. I think long term in my life, I
• 55:11
  will see $70.00 silver. I will see $700.00 silver.
• 55:17
  And I told Susie the other day we were standing in the bathroom
• 55:20
  upstairs and there we had a little problem.
• 55:22
  OK, Susie and I had a little problem.
• 55:25
  It happens. We're married.
• 55:27
  I love Susie more than anything in the world.
• 55:29
  You guys know that we have a little problem because I've made
• 55:32
  a video with a thumbnail that said $701.00 silver, which was
• 55:36
  referring to the dollar to silver ratio on the US debt
• 55:40
  clock and we got attacked. We did.
• 55:44
  We got attacked. People were really mean in the
• 55:46
  comment section. They were calling me a clown.
• 55:51
  Guess what? I read all the comments, but if
• 55:56
  I took personally the insults that I get from being on YouTube
• 55:59
  and making videos about what I believe in $700.00 silver, right
• 56:05
  from day one, I would have stopped making videos.
• 56:07
  I've been called every name in the book.
• 56:10
  I start, you know what? And I thought about this.
• 56:11
  Think about this at the beginning of the year when when
• 56:17
  silver was 20 bucks an ounce, when gold was 2000 an ounce, and
• 56:21
  I've thought that I said, I thought the gold was going to
• 56:23
  2500. People harassed me and said I
• 56:26
  was crazy and I was a pumper. Well, that happened.
• 56:29
  Silver's at 32. Anyway, we had a little problem
• 56:33
  and, and I told her, you know, I said, Susie, I'm going to stand
• 56:37
  for what I believe in. I'm not going to back down.
• 56:40
  She said, well, these, some of these people, I said that some
• 56:42
  of the people we have 20,000 people that watch our live
• 56:46
  streams, listen to our live streams.
• 56:49
  If 10 people think that I'm, I'm, I'm a bad guy because I
• 56:53
  think that we could get to $700.00 silver, well, that's,
• 56:56
  that's their problem. Who cares?
• 56:58
  I believe and a lot of the basement dwellers are with me.
• 57:01
  They believe, you know, and in any way, I didn't even say that
• 57:06
  silver was going to get to 700 in that video.
• 57:08
  I said that the silver, the dollar to silver ratio had broke
• 57:13
  through 700. And I clearly explained that
• 57:15
  during the first minute of that video.
• 57:17
  But I told her, I said, you know what?
• 57:20
  And I can look you in the eye and say the same thing.
• 57:22
  I'm 54 years old, right? If I live to be a reasonable
• 57:26
  age, I believe that I will see $7000 silver during my lifetime.
• 57:32
  Absolutely. And if people don't like that,
• 57:36
  well, I guess they can not watch my YouTube videos.
• 57:39
  But that's what I believe in. And I and I base that on what I
• 57:42
  believe to be solid facts and solid evidence.
• 57:45
  We will see some crazy prices in silver.
• 57:50
  I don't know. Do you think?
• 57:51
  I mean, some of you believe, some of you don't.
• 57:52
  I I get. But anyway, Oh yeah.
• 57:54
  Well, Jeffrey Christian and I like Jeffrey Christian.
• 57:57
  I think he's a very smart guy and he's he he, but you know,
• 58:00
  he'll he would, I believe if he was down here with me, tell me
• 58:04
  that I'm a silver pumper and I'm a the sky is falling type guy.
• 58:07
  And you know, I guess to a certain degree that's true.
• 58:11
  But he has some good information.
• 58:13
  He's like an ex, I think Goldman Sachs guy and I like him.
• 58:17
  I don't some of the people that do what I do or have some
• 58:20
  contention with him, but I like him.
• 58:22
  He said this, this is not all good news, but he thinks this is
• 58:28
  the bad news. We'll get to that first.
• 58:31
  He thinks there could be over capacity in the solar panel
• 58:34
  industry. Solar right is the big, big, big
• 58:38
  news story lately in the silver industry, silver market.
• 58:43
  He thinks there could be some overcapacity and that could lead
• 58:46
  to right. Like there's like companies that
• 58:48
  have overbuilt solar panels. And I've heard stories that in
• 58:53
  China, some people are using solar panels as fencing in their
• 58:56
  gardens, right? So maybe there's some truth to
• 58:59
  that. But I also like to recognize
• 59:02
  that we also know that when it turns in terms of even electric
• 59:05
  vehicles, we've looking at been looking at data for that and all
• 59:08
  these other uses for silver, I'm not so worried about even if
• 59:12
  there is a slight pullback in the use of silver for solar
• 59:17
  panels. OK, he said, and I'm not quoting
• 59:21
  him here. I'm just kind of giving you my
• 59:23
  notes as he said that he thinks that we will be we will be
• 59:26
  moving gold and silver that they will be on a run into the
• 59:29
  election. And again, guys, think about
• 59:32
  this. The craziness from the election,
• 59:35
  potential issues, uncertainty aren't going to come until after
• 59:40
  the election. That's one of the big takeaways
• 59:43
  from this live stream video today.
• 59:45
  That's not going to happen till after the election.
• 59:47
  I got to remember to ring the gon.
• 59:49
  You know what? Let me do that very quickly
• 59:51
  before I forget. We got 300 thumbs up.
• 59:54
  That's a big deal. We got almost 800 people in the
• 59:56
  basement. This is for you basement
• 59:58
  dwellers. OK, what else did Christian say?
• 1:00:05
  What else? Buckle up Buttercup because now
• 1:00:08
  comes the good news. He does think we could be on a
• 1:00:10
  run, OK, maybe a little more profit taking, but we're going
• 1:00:14
  to be on a run in the gold and silver markets.
• 1:00:17
  He thinks stock, and this is interesting and we've talked
• 1:00:21
  about this, maybe, maybe he would like me.
• 1:00:23
  After all, stock and bond investors for the last few years
• 1:00:27
  have done very well, but are still, but are starting to get
• 1:00:33
  nervous and looking to diversify.
• 1:00:36
  And they could very likely be looking at gold and silver.
• 1:00:39
  And we're starting to see that we're starting to see money
• 1:00:44
  moving Western investor money moving into things like the gold
• 1:00:48
  ETF, the silver ETFs. And it's just starting, just
• 1:00:54
  starting guys. And it's not going to take a
• 1:00:57
  lot. You we, this is so critical for
• 1:01:00
  you to understand. I got to get this through your
• 1:01:02
  thick skull. OK, I got to get this through
• 1:01:07
  your thick skull. Reason I say that is because
• 1:01:10
  that's what my mom and dad used to always say to me.
• 1:01:12
  Yes, I'm hard headed. I'm mostly Dutch.
• 1:01:15
  Nonetheless, it's not going to take a lot.
• 1:01:18
  It's going to take a itsy bitsy, teeny weeny amount of money
• 1:01:22
  coming into the our sector, gold and silver, and it will make a
• 1:01:25
  massive deal. He says the stock and bond
• 1:01:29
  investors are doing well. They're starting to get nervous
• 1:01:31
  and looking to die. OK, I said that already on a he
• 1:01:36
  said, We've seen that on a global basis.
• 1:01:38
  And we have, right, with China, India, right, the world central
• 1:01:42
  banks. They're getting nervous.
• 1:01:43
  What are they doing? They're buying gold now.
• 1:01:45
  Russia's buying silver. Yeah.
• 1:01:48
  And now it's starting to bleed into the West.
• 1:01:50
  OK. US North American institutions,
• 1:01:56
  family offices are joining that group, OK.
• 1:01:59
  In terms of silver, right, it could back off a little bit.
• 1:02:03
  It doesn't matter. We've been hitting that $32 mark
• 1:02:07
  range for so long. Even if we do back up, even if
• 1:02:10
  next Saturday, all right, next Saturday, we're talking about
• 1:02:13
  $29.00 silver. I don't think 28, but you never
• 1:02:17
  know, right? Even if I don't think that's
• 1:02:19
  going to happen, silver is still ready.
• 1:02:22
  It's about there's so much energy for it to blow through.
• 1:02:25
  So it could back off. But he says buying should be
• 1:02:28
  strong. I also heard him say right that
• 1:02:31
  it's that investor demand that we're going to be seeing over
• 1:02:35
  the next six months, they could really propel the silver price
• 1:02:39
  hold. The investment community will
• 1:02:42
  continue to buy long and maybe it's he's the one that's the
• 1:02:44
  post election period will be more important than the pre
• 1:02:49
  election period. For those of you who just joined
• 1:02:52
  us, I'm asking you to please consider helping out a great
• 1:02:58
  friend of the basement community coin shop.
• 1:03:02
  Chris, let me pull this up. There he is.
• 1:03:05
  That's his PayPal address, right?
• 1:03:07
  You go to PayPal and you type that in.
• 1:03:09
  He's under some serious stress right now.
• 1:03:12
  He's in a crisis situation. You know what's been all over
• 1:03:15
  the news? You can't even get through on
• 1:03:17
  the phone a lot of the times. It's very difficult.
• 1:03:19
  The situation that he's in, if you feel like doing something
• 1:03:23
  nice, you could donate a little money.
• 1:03:25
  I've donated some money to him. I'm not, obviously, I can't tell
• 1:03:29
  you what to do. And please don't donate anything
• 1:03:31
  that you can't afford to donate. But if you want to do something
• 1:03:33
  nice, please consider supporting our friend Coin Shop.
• 1:03:37
  Chris. Hey, guys.
• 1:03:38
  We have 800 people. It's a big deal.
• 1:03:40
  Thank you for being here. Thanks for being part of the
• 1:03:43
  basement. OK.
• 1:03:44
  I appreciate you. Thank you to the moderators,
• 1:03:48
  Jake from Jake's Custom Parts, the one and only Annie Oakley,
• 1:03:51
  Big Tim, the Silvershire and the lovely Susie Silver.
• 1:03:58
  Susie, have a great day. OK, you know you'll see me
• 1:04:01
  again. Can't wait to have you back in
• 1:04:03
  the basement. Thank you.
• 1:04:04
  Bye. Bye.