Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 WAR! 🚨 Expectations for SILVER & GOLD -- (Oil, Recession, Market Crash)

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🚨 WAR! 🚨 Expectations for SILVER & GOLD -- (Oil, Recession, Market Crash) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:00
Are there two big factors going on right now that will support
0:05
and maybe just maybe even propel the price of precious metals as
0:11
we move into the coming months? Quarter, year end, we've got
0:16
people like Buddy Rumble, the Louisiana gold guru, making bold
0:20
predictions about $30 silver. Where could we see the gold
0:25
price as well? There is so much going on in the
0:28
world right now. We're going to talk about the
0:31
war, or should I say wars going on right now right in front of
0:35
our very eyes. But we can't ignore that just
0:40
domestically in the United States.
0:43
Yes, the world's biggest, strongest economy.
0:46
We've got more and more signs of major trouble.
0:50
We're going to talk about that as well, because what does that
0:53
mean for the future of what the Federal Reserve does with
0:57
monetary policy? It's becoming very clear that
1:01
we've got trouble right here in River City, right here in the
1:05
United States. And we're going to talk about
1:07
some stunning headlines that came out over the weekend that
1:12
definitively show just how much the middle class the average
1:16
American is suffering and how the economy could be barreling
1:21
towards a recession or possibly even worse, a depression.
1:26
But let's let's get started here first.
1:28
The stock market was sinking this morning.
1:31
The gold price up. You know what half a percent, 1%
1:35
gold is catching a bid as a safe haven asset when geopolitical
1:40
turmoil war explodes Around the world, gold and silver are known
1:46
as safe haven assets. And isn't it nice?
1:50
It's not nice what's going on with the conflict and the
1:53
horrible situations that are unfolding, but they Gold is
1:57
proving itself once again by getting this bid as a safe haven
2:02
asset, says here. Stock sank this morning ahead of
2:05
the bell. Is the Middle East conflict
2:07
added a dose of geopolitical risk to the interest rate and
2:12
inflation concerns already facing the United States?
2:18
There's two big things going on right now.
2:21
When we're looking at the world through the lens of silver, gold
2:26
and platinum, we've got what's going on in the world economy
2:30
and particular the United States economy.
2:34
But we also have what's going on in the world from a war
2:37
perspective. And guys, this is a huge, huge
2:40
deal. Let me read this to you that to
2:42
me this was eye opening that the New York Times of all papers
2:47
said this. They said Russia has started the
2:50
largest war in Europe since World War 2.
2:55
Think about that, The largest war in Europe since World War 2,
2:59
almost the last 100 years, China has become more bellicose
3:05
towards Taiwan, right? We forget about that, right?
3:09
There's the big China, Taiwan situation.
3:11
India has embraced A virulent nationalism.
3:15
Israel has formed the most extreme government in its
3:19
history. This is from the New York Times.
3:22
And on Saturday morning, Hamas brazenly attacked Israel,
3:26
launching thousands of missiles and publicly kidnapping and
3:29
killing civilians. This is the world we're living
3:34
in now. We're talking about the
3:36
worldwide geopolitical backdrop, the safe haven, the safe haven
3:41
component to silver, gold and platinum.
3:45
That's what we're talking about now.
3:46
But don't forget, we got even almost equally as bad news when
3:51
we look at what's going on in the United States.
3:54
And we're going to talk about that a little bit later.
3:57
We're going to try to find some good news to talk about as well.
3:59
But we're just dealing with the what's on our plate right now.
4:04
It says this is the the The New York Times said this to all
4:10
these developments are signs that the world may have fallen
4:13
into a new period of disarray. Countries and political groups
4:19
like Hamas are willing to take big risks rather than fearing
4:24
that the consequences would be too dire.
4:27
Everybody's making moves. Do you feel it like there's a
4:31
lot going on? We've talked about that.
4:33
These things, they happen big, big, big things happen fast,
4:39
fast, fast. And we think they're never going
4:42
to happen because we just kind of cruise along and everything's
4:45
hunky Dory. We talked about like we were in
4:47
this period of calm, and then big things happen very fast, and
4:52
a lot of times big events will trigger other big events.
4:57
And there's a lot of people who are very frightened that that
5:00
could be the situation. Right now.
5:03
The simplest explanation is that the world is in the midst of a
5:07
transition to a new order that experts describe.
5:11
With the world being multipolar, the United States is no longer
5:16
the dominant power it once was. This is the New York Times guys,
5:22
and no replacement has emerged. As a result, political leaders
5:26
in many places feel emboldened to assert their own interest,
5:31
believing that the benefits of aggressive action may outweigh
5:35
the cost. These leaders believe, excuse
5:38
me, that they may have more sway over their own region than the
5:44
United States does. So basically the New York Times
5:47
just told us that the that that that the period of of United
5:52
States world dominance is over and that people throughout the
5:56
world, political parties throughout the world,
5:58
politicians, leaders throughout the world are emboldened now to
6:03
make big moves. Are we seeing that in Europe, in
6:07
Ukraine? Are we seeing that in Israel
6:10
with Hamas and the Palestine situation?
6:13
Are we going to soon see it with Taiwan, in China, where else
6:18
North Korea. We are in a period of change
6:22
like no other. Now when we circle back to our
6:25
to our our our our insurance policy, what do we what do we
6:30
hold right, What do we hold That's worked for thousands of
6:33
years. I know we've talked about it
6:35
many times. Silver and gold have worked for
6:38
thousands of years. They have.
6:40
That's just the reality of of the way the world works.
6:44
Silver and gold have seen periods like this.
6:47
Intense conflict, fast change, right The world.
6:52
I was reading this last night. The world has become very
6:54
complicated. The of the systems have become
6:58
very sensitive. So things can break quickly.
7:02
Things can change quickly. I would buckle in one of the
7:06
world's leadest. I forgot his name, but
7:09
nonetheless, analysts said the next 12 months are going to be a
7:13
period of change. Like, we can't even imagine now
7:18
nobody has a crystal ball. He doesn't necessarily know that
7:21
for sure. But looking at everything going
7:24
on, do you want to? I mean, in this period of change
7:27
could make fast, major changes to things like the dollar as
7:32
well. We hear a lot of people talk
7:33
about the dollar like, oh, it's going to take decades.
7:35
It's going to take you know, 20 years, 10 years for this D
7:39
dollarization to occur. What the bricks are talking
7:43
about? Well, if major events unfold, we
7:46
could see big moves very quickly.
7:49
And if the dollar, if the dollar suffers right, a big sell off
7:55
type period. You know what that's going to
7:58
mean for people that are holding silver and gold, right?
8:02
Silver and gold are going to hold their real value where the
8:06
dollar could be, could good. And I don't want it to happen,
8:10
All right. We're not cheering for it.
8:11
I live here in the United States, but the situation in the
8:16
world has become so complicated. Just what's going on right now
8:21
in Israel with Hamas, if you try to analyze, you know they're
8:26
there. This is not happening in a
8:28
vacuum over there. It's not a matter of hero and
8:32
villain. There's two sides to every story
8:35
and it's a very complicated, very complicated situation.
8:39
And I'm not going to purport to you that I completely understand
8:43
it, but I understand enough to know that it's not just a hero
8:47
villain type situation. There's two sides to the story
8:51
and there's alliances. You have Iran working with
8:54
Palestine. You have the Saudi Arabians
8:56
involved in a certain way. Some people are even saying
9:00
China and there's three-way relationships.
9:03
It's extremely complicated and involves many more players than
9:08
just Hamas in Israel. Is the United States involved?
9:12
Of course the United States is involved.
9:15
So I'm again, I'm not going to sit here and give you a long
9:18
winded analysis of the political situation there.
9:21
What I will tell you is it feels like to me that it could be a
9:26
powder keg type situation. What's already happened is
9:29
horrible and we've talked about this yesterday and we'll talk
9:32
about it every day, whether we're talking about Ukraine or
9:35
we're talking about Israel and Palestine.
9:39
We don't like war. It's really a pointless
9:42
endeavor, and it's sad on many different levels, but we've got
9:46
to keep our head out of the sand.
9:49
We can't ignore that. The world right now is probably
9:55
in the most precarious situation that a lot of us have seen.
9:59
What's your insurance policy? What's your safety valve, right?
10:03
You know, I mean cash, stock market, maybe real estate, maybe
10:09
farmland, I don't know, maybe, you know, I think farmland, real
10:13
assets, but real assets, real things that have held their
10:17
value again for thousands of years that have seen everything
10:21
that has occurred, I believe to be a very, very good move.
10:26
But we've got two big factors now that can support right as we
10:31
move into the next 10 days, the next 10 months, heck the next 10
10:37
years, we have a world geopolitical world that is
10:42
creating a safe haven bid for the precious metals, for silver
10:46
and for gold. But here in the United States,
10:50
the world's biggest economy, still we have factors that are
10:54
supportive for the metals as well because guys, things are
10:58
not looking good here in the United States.
11:00
Hey, we got 100 thumbs up. Thank you.
11:02
Thank you for the thumbs up. Thank you for the Super chance.
11:05
Thank you for subscribing. And I got to ring the bell 10
11:08
times for you. Give me a second.
11:14
There we go. 10 ring a Lang Ding a lang's.
11:17
So let's, let's talk about what's going on in the United
11:21
States. And I'll be honest with you.
11:23
There's almost too much we could be on this, on this video, on
11:27
this live stream for for hours upon hours.
11:32
So I'm going to do it in a concise way.
11:35
Just to tell you a few of the things going on that indicate
11:39
things are not good healthy in the United States economy.
11:43
Here's a headline market from Business Insider.
11:48
Rising corporate bankruptcies and debt defaults are another
11:53
headwind to the economy, experts warn.
11:56
The experts are telling us this A wave of corporate bankruptcy,
12:01
bank bankruptcies, a wave of corporate bankruptcies and debt
12:07
defaults could rock the economy. Charles Schwab expects
12:12
bankruptcies and defaults to peak at some point over the next
12:17
two quarters. And we've talked about this
12:21
guys, the rise and interest rates, the most violent rise and
12:25
interest rates almost in the history of the country.
12:28
It takes time for that to bleed. It's got a lag effect to bleed
12:32
through to the economy. All these zombie companies and
12:35
there are 10s of thousands of them out there that we're living
12:40
off 0 interest rates are now being forced, are are being, are
12:45
being called to reckon with higher rates.
12:47
They have to refinance their debt that they took out four
12:51
years ago that maybe they were paying 4% interest on.
12:55
Now the bank saying hey you want to refinance that debt, sure we
12:59
can do that for you. You're going to need to give us
13:02
a couple a couple 100,000 as collateral and your new rate is
13:06
10%. So we've got a wave of
13:09
bankruptcies. The spike in bankrupt
13:11
bankruptcies among U.S. companies could help push the
13:15
economy into a recession. Let's move on, because there is
13:21
so much more. Papa, here we go.
13:25
This is from CNBC. Inflation want the good news?
13:30
You want some good news? Well, I'll give you some good
13:32
news. Inflation is, quote, always
13:36
going to be a risk with the US economy.
13:40
That has now been fundamentally changed.
13:43
That comes from Adp's chief economist Key points.
13:49
Adp's monthly report on Wednesday showed that private
13:52
payrolls rose by just 89,000, well below the Dow Jones
13:56
consistence of 100. Say, OK, whatever.
13:58
Though the jobs report have been traditionally viewed as a
14:01
lagging indicator, this chief economist noted that the
14:05
relationship between the labor market and monetary policy has
14:09
been overhauled in the course of the current cycle.
14:14
OK, inflation is always going to be a risk in the US due to
14:20
structural changes in the labor market, according to Neela
14:23
Richardson, the chief economist at at a DP.
14:27
And a DP is that massive payroll processing company, almost an
14:33
arm of the government. They process payroll for
14:37
millions and millions and 10s of millions of people, so they have
14:40
access to real data. Okay, inflation spiraled out of
14:44
control. the US economy has been fun.
14:47
Think about this. Do you Do you feel like the US
14:50
economy has been fundamentally changed?
14:54
I believe it has. I don't know why they did what
14:56
they did during the C19 pandemic where they decided to print 40%
15:03
of dollars that had ever been created, but it totally blew
15:08
everything up. OK, It might have been a good
15:11
party while it lasted, right? It'd be like you coming home to
15:14
your wife or husband and saying, hey, I just got this new credit
15:18
card. It's got a $15,000 limit.
15:20
Let's go blow it. You know, let's live it up for
15:23
the next three months. Sure, it's great.
15:25
But then there's a hangover, and we got the hangover right now.
15:30
Has the US economy been fundamentally changed?
15:34
Yes, absolutely. Right.
15:37
And now that we have an untenable level of debt, go to
15:42
the US debt clock and watch for one minute.
15:45
Is the level of U.S. debt continues to grow and grow
15:49
approaching $34 trillion. Has the US economy been
15:55
fundamentally changed? You know it has, right?
15:58
Compare that debt level to what the country had ten years ago or
16:02
20 years ago. We have been fundamentally
16:05
changed and there's a double whammy effect now with all that
16:09
debt, with the fact that we have interest rates, interest rates
16:12
are no longer in 0% and nobody wants to buy that debt.
16:16
I got news for you. All these countries, remember
16:19
what we talked about earlier, the world political structure,
16:23
changing geopolitical structure changing.
16:26
Japan wants to sell their treasury.
16:27
Saudi Arabia wants to sell their treasuries.
16:30
China wants to sell their treasuries.
16:31
All that's making rates go higher and higher and at the
16:35
same time, all those dollars coming back to the United States
16:39
result in just one thing, the potential for runaway.
16:43
May I say we haven't, we don't hear that word much anymore.
16:47
Hyperinflation. Remember that?
16:50
Nobody talks about that anymore, right?
16:53
And on top of that, we have the other structural conflicts going
17:03
on in the world. It is just becoming a very,
17:06
very, very difficult environment for us to navigate in terms of
17:12
preserving our wealth. And what do we do?
17:15
We'll say it again, right? A lot of us to 1 degree or
17:18
another rely on precious metals to help us protect ourselves.
17:23
Insurance policy and and a little extra little added bonus
17:27
possibly possibly provide some wealth creation, wealth
17:32
generation. We got a lot more guys.
17:36
A lot more. I'm going to put you on on the
17:38
mute while I take a quick drink. Thank you.
17:48
Thank you. Let's move on because it gets
17:51
even even even better. This is crazy.
17:54
Do you own a house? Do you live in a house?
17:57
Do you live in an apartment? Do you have kids that might need
18:00
to buy a house someday? Thank you for that super chat.
18:02
I'm trying to see who it is. I'm sorry my eyes hold on here.
18:08
I want to say thank you for the Super chat.
18:10
And then I have something that if you need a place to lay your
18:13
head down and sleep every night or you do your kids, your
18:17
grandkids or potential. I don't have grandkids, but my
18:20
potential grandkids. Absolutely.
18:23
And this is absolute sorcer Stan.
18:26
Thank you my friend. I appreciate that.
18:28
I will have a coffee. What the heck, I have a little
18:30
drink right now because if you're concerned about where you
18:40
or your children or grandchildren may lay your head,
18:43
we all need shelter. It's one of our primary,
18:46
absolute primary needs in life. And I'm looking here, I'm
18:51
getting readouts, right? The markets are still down.
18:54
The Nasdaq's almost down 1%. But we're not talking about the
18:58
NASDAQ. We're talking about housing in
19:01
this country. You're going to tell me that we
19:04
have a healthy housing market in this country, right?
19:07
Part of the what we do is provide housing for ourselves,
19:11
and real estate is such a critical component of the
19:15
economy. Listen to this.
19:17
The US housing market is so expensive that incomes would
19:23
have to spike by 55% for it to be considered affordable,
19:30
industry executive says. Here's the keys The housing
19:34
market is so unaffordable that only three extreme scenarios
19:38
would return it to pre pandemic affordability and it wasn't that
19:42
affordable back then. US incomes would have to spike
19:46
55% to to consider the current market affordable, an industry
19:52
executive said. Other scenarios would have to
19:55
see home prices crash by 35% or mortgage rates drop by 4
20:01
percentage points. Let's unpack that right there.
20:05
Okay. Incomes would have to spike by
20:07
55%. That would be massive inflation.
20:11
There's a term for it, not cost push but labor or something.
20:16
Inflation. Okay.
20:17
So that that's super inflationary.
20:19
Is that good for silver and gold?
20:21
I think you can answer that question Okay.
20:24
The other scenario would have to see home prices crash by 35%.
20:30
They're not going to let that happen.
20:32
That's as likely as them letting the market crash by 35%.
20:38
The system is too fragile and too delicate to handle any real
20:44
medicine. Is that what we need?
20:46
Absolutely. What this country needs to do is
20:49
let the housing market crash a little bit, let the stock market
20:53
crash a little bit. That's called capitalism because
20:57
we're living in La La land right now when it comes to home
21:00
prices. I was talking to one of my
21:01
neighbors over the weekend and and she told me she's like, I
21:05
think our house is worth $500,000.
21:08
And I thought, well maybe, but that just seems a little absurd
21:11
to me. And the reality is maybe they
21:13
could sell their house right now for $500,000.
21:17
But we have to look at future. How do I say this nominal versus
21:22
real value going into the future?
21:24
If my house is worth $500,000 right now and it which I think
21:29
is overpriced, and it still is two or three years from now, I
21:34
have a real feeling the only reason it's still going to be
21:37
worth that much in Fiat money right numbers nominally is
21:41
because we've had massive inflation and massive inflation
21:46
is good for the silver and gold price.
21:49
Don't forget stagflation, right? Deflation is inflation and
21:54
stagflation is the most fertile absolute scenario for the
22:00
precious metals. The other option is that we can
22:03
have mortgage whoa, mortgage rates drop by 4%.
22:07
Yes, that would keep that would keep make houses more affordable
22:11
because people would have lower rates.
22:14
That would also cause another round of mass inflation, which
22:20
would be good for the I can't imagine a scenario right now in
22:24
this world that is not positive for the metals.
22:27
Don't make any financial decisions based upon anything
22:30
that I'm saying. I'm just sharing my opinion with
22:33
you. But as I look at it as any of
22:36
these scenarios, things have gotten so screwed up right now
22:41
in this world that all the, you know, there's very few scenarios
22:46
outside of like, really scary stuff like nuclear war and those
22:50
types of things, which is just bad in general, bad for for all
22:54
of us. Here's something, if you thought
22:57
about this, something most people haven't thought about
23:00
when it comes to mortgage rates and then we're going to move on
23:03
from this mortgage rate discussion.
23:04
But people don't think about this.
23:06
People say oh the 30 year, I got a 30 year mortgage at 2 1/2% and
23:11
that's great. I'd say hold on to that.
23:13
But now new people that are wanting to buy a house are
23:16
getting 30 year mortgage rates that are more like 7 point.
23:20
You hear these numbers, 7.89% thirty year mortgage, right.
23:24
And you know, when you do the math, people are paying three
23:27
and four times as much now for the same house that they would
23:31
have paid just like five years ago.
23:33
It's insane how much monthly payments have gone up because of
23:37
those rates. But there's more.
23:39
Yeah, there's more. There's a kicker.
23:41
There's a kicker. Those rates you always hear
23:44
people talk about. Those are for people with like
23:47
excellent credit with 800 credit scores.
23:51
People that have average credit, like the average credit rating
23:54
in this country I hear is like 6 something, 650 or something
23:58
along those lines. Their mortgage rates are
24:01
significantly even higher. Could you imagine mortgage rates
24:05
at 10 percent, 9%, because your credit's not good, so you got to
24:09
pay more than the guy or the woman or the couple that has
24:13
good credit. Housing is out of control and
24:18
either way it's going to be painful how it corrects.
24:21
However, either way is also very, very supportive.
24:26
For that. We got more, don't worry.
24:28
But wait, there's more. There's more.
24:30
And thank you for the Super chance.
24:32
The support is much appreciated. I don't do memberships.
24:36
I don't do Patreon, which I'm not putting anybody down that
24:39
does. I don't have a class that I'm
24:41
trying to sell you. I do have sponsors and I do
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except super chats. That's the way that if people
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who want to never expected, always appreciated can support
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Pin bex.com. OK, OK, What?
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What else? It gets better.
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It gets better. Here, let's just talk about
25:31
America. This is from aolrememberaol.com.
25:37
I'm bringing you a O at the Wall Street Journal.
25:39
No aol.com. America online.
25:43
Remember, it would make that noise and then connect.
25:46
OK, America is now paying more in interest.
25:51
We're paying more on interest. Our government on its record 33
25:56
trillion debt than on National Defense.
26:02
We have $34 trillion in debt and we have higher interest rates.
26:07
The parties over folks, the parties over.
26:11
We're paying more in interest expense than we are a National
26:16
Defense. Oh, and by the way, it's not
26:21
getting better, Joe. No, it's not working because the
26:26
level of debt is going up, up, up, up, up, up, up.
26:32
And the interest rate on the debt is going up, up, up.
26:36
Can you see it? Is it going off your screen up
26:39
that makes the interest expense that already exceeds the level
26:43
that we're paying for National Defense go up even higher.
26:47
Do you ever start to feel sorry for your kids and grandkids
26:51
because they're going to have to Sorry I hit you there.
26:55
Sorry, they're going to have to deal with this mess right that
26:58
we created. I know I'm not blaming you.
27:01
I'm not blaming me right are. But we are leaders have created
27:08
a huge mess that our children and grandchildren are going to
27:12
be paying for for generations. Even one of the senators said
27:17
that right we're in a debt death spiral in this country.
27:22
America's gross national debt hit an eye watering.
27:26
Are your eyes watering 33 trillion for the first time in
27:29
September. Ooh, it's so high.
27:31
My voice is high. Mere months after eclipsing 32
27:37
trillion. It only took a couple months to
27:39
add a whole trillion to it. The US is also currently
27:42
spending more on interest on the national debt than it does on
27:46
National Defense, according to the Treasury's monthly
27:50
statement. Yeah, then the next articles
27:54
let's just let's move on. Let's move on.
27:56
There's more, There's more. There's more.
28:00
Real estate asking prices plummet as mortgage rates hit 20
28:05
year high. Is it time to buy, sell or stay
28:09
put? I'd say stay put.
28:11
OK, asking. Prices in real estate are coming
28:14
down Redfin, which is like the nation's biggest find real
28:20
estate company, right? Their CEO issues a dire warning
28:25
on US's rock bottom real estate market.
28:29
He says the American Dream is in trouble.
28:33
Look, I don't want to be a cynic.
28:35
You don't want to be a cynic. We don't want to be negative.
28:37
We don't have on want to wear 10 foil hats or anything along
28:41
those lines, but we want to know what's going on.
28:44
This is the CEO of Redfin, which has some special designation
28:48
like the world's biggest online real estate something or
28:51
another. Anyway.
28:54
His name's Glenn Kelman. He reacted to the US real estate
28:57
market, warning home buyers that relief from the rock bottom
29:01
economic conditions remains unclear.
29:04
For 2024, he says you'll have to ask the Fed when the market's
29:08
going to get better. See, they're going to blame it
29:10
on the Fed, right, these real estate companies that that.
29:14
I mean it's been a good run for Realtors and real estate people
29:17
over the last, what, 25 years. We're getting back to more real
29:22
environment like a real type market and my heart goes out to
29:26
them. I know it's difficult, but you
29:30
know I don't. I think they're all waiting.
29:32
I'm hearing this. They all think that, you know,
29:34
next year we're going to go back to these low rates and
29:37
everything will be party again. I'll be surprised if that's the
29:41
case, but we'll see how it plays out next year, he says.
29:45
So the so the only real question is whether we're going to catch
29:48
a break entering the home buying season of 2024, he says.
29:53
But I think most people have written off the 2023 home buying
29:59
season. Boy, everywhere we look here in
30:02
the US, Jeremy Grantham says we're going to have a 50% crash
30:06
in the S&P 500. You know who Jeremy Grantham is?
30:09
Yes, that Jeremy Grantham. I got to ring the cowbell.
30:13
Thank you, Susie. Thank you.
30:14
Coin shop, Chris, I'm sorry, we have 200 thumbs up.
30:18
It's cowbell time. Hold your ears.
30:28
Yes, this is real. Yes, that's a real cowbell okay.
30:35
Jeremy Grantham is for real. He's a manages the massive asset
30:40
management firm that has like 60 billion under management.
30:44
Jeremy Grantham is highly respected out there.
30:48
He's calling for a 50% correction in the SP500.
30:53
I don't think that's going to happen.
30:55
But when somebody of his stature right in his insight and ability
31:00
says that we better perk up and listen.
31:03
And we've talked about this in terms of looking at all that
31:07
through the lens of silver and gold and platinum, I'm.
31:11
I'm to the point now where things are so screwed up no
31:14
matter what, no matter how this plays out, we're going to see
31:18
support for the precious metals. OK.
31:23
Interesting. From Marin Catoosa.
31:25
I may have showed this to you the other day, but we want to we
31:28
want to recognize something about gold.
31:31
Gold is at a decade low RSI reading.
31:35
RSI stands for Relative Strength Index.
31:37
It's one of the most used and most followed technical chart
31:43
patterns. Excuse me, I was dying there for
31:50
a second and we have a decade low for the relative strength
31:56
index in gold. Now, You know, as gold goes, so
32:01
goes silver, so goes platinum, right These.
32:06
And if you look at that chart that I just showed you, it goes
32:08
up and down, up and down, up and down.
32:11
It's due to go up. You know by almost any
32:15
reasonable metric, the silver price, the gold price.
32:20
You know whether you no matter how you want to compare it to
32:23
the SP500, you want to compare the price of gold and silver to
32:27
the gold. My all the metrics are crazy
32:30
insane pointing towards big value right now in the metals.
32:37
All right, think about the dollar.
32:38
OK, I'm going to pull it out. I can't help it.
32:41
I got to pull out the old dollar chart one more time.
32:43
Everybody says, oh, that dollar. I didn't look this morning.
32:46
Is the dollar up now? We may be in a very unique
32:50
situation right now where the DXY dollar index is up.
32:54
And honestly, I didn't get a chance to look at it this
32:56
morning. And gold goes up because when
32:59
gold gets it, safe haven bid, so does the dollar.
33:02
But the big reason everybody's telling you and me why silver
33:06
and gold are down is because the dollar so strong.
33:10
Look, that is what 35, I'm sorry, 35 years worth of the
33:20
dollar. You see the black parts that are
33:22
colored in? That's the amount of time that
33:25
the dollar has been above 100. The DXY index, which it is right
33:30
now, probably 107106108. But it's important to note that
33:35
that's only like 7 or 8 years out of the last almost 40 years.
33:41
OK, so very, very small amount of time that the dollar, even
33:47
when measured by the DXY index, which is, you know, that's like
33:52
comparing a bunch of turds in a toilet.
33:54
There, I said it. That's as nasty as I get, but
33:56
that's the reality. OK.
33:59
And people say the dollars strong.
34:02
Well, you know, you've heard this eight times from me.
34:05
Yeah, the dollars. Great.
34:06
Go back 15 years to 2008. The DXY was at 80.
34:10
The DXY today is at 108. It's up 30% in the last 15
34:16
years. The dollars up, it's 30% more
34:18
valuable according to this popular measure that everybody
34:22
uses the DXY to explain why there's been downward pressure
34:27
on silver and gold. Well, if gold, I'm sorry.
34:29
If the dollar has been up so much in the last 15 years, why
34:33
does it only buy half as much of the goods and services today
34:37
that it did back then? I'll tell you why.
34:39
Because then real terms, not the turds in the toilet, but in real
34:44
terms what you can do with your dollar.
34:48
It's down in value. And that's only going to
34:51
continue because compared to 15 years ago we've got significant
34:55
higher levels of debt in this country.
34:58
We have a whole different world that we're living in.
35:02
OK? Completely different.
35:04
Remember what the New York Times said?
35:06
The world is changing like never before in your life.
35:10
Wake up more to more. Wake up.
35:13
It's wakey wakey, OK, wakey wakey.
35:16
Go make some cinnamon rolls in bakey.
35:18
What? However you want to say it, it's
35:21
going on right now. Very likely.
35:24
Maybe I'm wrong, maybe everything's OK, maybe the world
35:27
is not really, you know, I guess maybe if we watch the children's
35:31
news network, CNN, they'll they'll tell us what they want
35:35
you to think and know. But if you pull your head out of
35:38
the, out of the, out of the CNN cesspool and look around what's
35:43
going on in this world, really and try to read some objective
35:47
news sources, I'm not saying I know everything going on because
35:52
I don't. I absolutely don't.
35:54
I can barely understand what's going on with Hamas and
35:58
Palestine and Israel and but I know enough to know that there's
36:04
major change afoot in this world right now.
36:08
I I'm, I would argue that that there's right now, in my 53
36:12
years, you know, walking around on this beautiful planet, I've
36:17
never seen such a screwy situation like we're seeing now.
36:22
And do we want to be prepared? Yeah, of course we want to be
36:25
prepared. You know, let's touch on one
36:28
more thing regarding the United States of America and what a
36:32
fine position that our politicians have gotten us into.
36:36
Before I do that, I want to thank our other sponsor, First
36:39
Mining Gold, firstmininggold.com.
36:43
Go there and learn about this company if you want value, if
36:47
you like to. Do you like to hold gold?
36:49
Do you like to hold silver? Would you like to own some gold
36:53
and silver? But it's still in the ground,
36:56
but it's in Canada and it's been drilled and defined and they're
37:00
even exploring for more because first mining gold has 25 million
37:04
ounce projects, one in Q1 in Ontario, the one in Quebec is
37:08
crazy interesting right now. They just put out a preliminary
37:12
economic assessment that shows 200,000 ounces of year.
37:17
It's like a business plan for what could happen.
37:19
So check them out. Thank you, Mike.
37:22
Thank you for that super chat, my friend.
37:24
Very much appreciated. First, mining gold and pinbacks
37:28
for that matter, make this show possible.
37:31
So do me a favor, Just check them out, you know, Look, I'm
37:35
not giving financial advice. I'm just giving you my opinion.
37:39
Stocks are risky. Heck, isn't everything risky
37:43
after all? But you know, see what you see,
37:45
what you learn, and see what you like.
37:47
Now let's get into I gotta read this.
37:51
This is mind numbing. Are you ready for your mind to
37:55
get numbed? If you've been listening to me
37:57
for a few minutes, you probably are.
37:59
But I'm going to numb it even more.
38:03
This is from the Business Insider, the collapse in
38:07
Treasury bonds. Remember, Treasury bonds are the
38:11
safest investment in the world. Don't believe anything they tell
38:16
you. Do you want the truth, or at
38:20
least 3/4 of it, right? The truth comes from the most
38:24
unlikely places, like some guy in his basement.
38:27
But remember, haven't they always told you Treasury bonds
38:30
are the safest investment backed by the United States?
38:34
You can't go wrong with a treasury bond.
38:36
Or can you? Because the collapse collapse
38:41
in. I didn't write this.
38:43
Don't get mad at me. In Treasury bonds, now ranks
38:46
among the worst market crashes in history.
38:53
Worst market crashes in history. Let's, let's dig into this one a
38:57
little bit. Since March of 2020.
39:01
So what is that, 2 1/2 years ago?
39:04
Treasury bonds with maturities of 10 years or more.
39:09
Okay, that means Treasury bonds. Thank you for that super chat.
39:13
Oh man, I'll come back. So metals to the moon.
39:17
Yes, precious metals to the moon.
39:19
Thank you, my friend. That is awesome.
39:23
That is Mauricio Ruiz. Thank you, Mauricio.
39:26
Appreciate the support. Very much appreciated since
39:29
March of 2022, 1/2 years ago. Guys, we're not talking about 20
39:34
years ago or 10 years ago, 2 1/2 years ago.
39:39
Treasury bonds with maturities of 10 years or more have
39:43
plummeted 46%. Let me make this very clear for
39:49
you. You took $100,000.
39:53
Imagine right now you got a stack of honeys, $100,000.
39:59
Last night, my daughter Lillian got it.
40:02
She had $250 bills. She's very smart little girl.
40:06
She was with Grandma and grandpa, and they bought a
40:08
expensive sweat suit for my other daughter, the diva.
40:12
And Lily. And she's smart too.
40:13
But Lily, the smart little one, they gave her $100 to
40:17
compensation and gave her $250 bills.
40:19
And she was obsessed. I'm watching Little House on the
40:22
Prairie like we usually do on Sunday nights.
40:25
I love that show. And she's like, daddy, will you
40:28
get me $100 bill to trade for two 50s?
40:31
And I'm like, yeah, I'll do it tomorrow morning.
40:33
Well, she was not going to have that, so Daddy had to go dig out
40:37
my only $100 bill. OK.
40:39
And trade it in for two 50s anyway.
40:42
Why didn't he? Oh, why, oh, 100,000.
40:43
You got 100 grand? Let me show you how much pain
40:46
you're in. Thank you, Cliff, for the Super
40:48
chat, my friend. You're a good man.
40:50
Appreciate it. You got 100 grand.
40:53
All right. Maybe.
40:55
Uncle. Uncle Uncle Dale died, Left you
41:00
$100,000 cash. You got 100 grand.
41:03
So you're like I got to do something with this.
41:05
It's March of 2020, just before the the, what's it called?
41:09
The cough, cough hit. My friend going, Jeff, Chris
41:12
calls it that You got 100 grand. What are you going to do with
41:15
it? Come on.
41:17
Oh, you're going to go down to your local financial services
41:20
representative and you go and you sit down.
41:24
They say, hey, they're your best friend, right?
41:26
You can give him 100 grand, like, wow.
41:29
But you tell him, like, I want to be safe with this and he says
41:32
to you, we're going to buy the safest investment on planet
41:36
Earth. We're going to buy, we'll buy
41:38
you a 20 year U.S. Treasury bond.
41:42
It's paying. It's paying 1.4%.
41:46
And so, you know, since inflation is not a problem, just
41:49
listen to what Janet Yellen and Jeromi Pollard, Tanya, they say
41:53
don't worry about inflation, that little uptick we're having.
41:55
This is 2020. That's just transitory.
41:59
That's just temporary. It's not a problem.
42:02
Don't you worry about it. I'm going to pay.
42:03
You're going to buy a 20 year treasury bond with your 100
42:06
grand, It's going to pay 1.4%. You're like, woohoo.
42:10
I'm going to make 1400 a year over $100 a month on my bond.
42:15
OK, so you get your bond, you get your paperwork, and you're
42:18
happy. You go home and you wake up
42:20
today and you're like, you know what?
42:22
I need some money. I got to.
42:24
I got to fix my, I don't know, my RV or whatever, right, It's
42:30
going to cost 20 grand. So you're like, you know, I'll
42:32
just cash out that bond, that safest investment on the face of
42:36
the earth that I bought back in March of 2020 that I gave that
42:41
that that financial services guy who was my best friend but then
42:44
never followed up anyway. You, you go down to see him to
42:47
Remember Me. Oh yeah, yeah.
42:49
I want to cash out my bond. Your bond.
42:51
Now, if you want to cash it early now, if you want to wait
42:54
till the end of the 20 years, yeah, sure, you'll get your 1400
42:57
a year and you'll get your whatever 100 grand will be worth
43:00
in 20 years, right? But if you want to cash it out
43:03
now, it's plummeted in value by darn near 50%.
43:10
Welcome to the real world. Don't forget, guys, have you
43:13
considered this right? Bonds have crashed.
43:17
It's is Why is that not headline news?
43:20
I wonder, right. Does that make any sense?
43:22
The banks hold all those bonds as well.
43:25
You know that whole story. But the banks are fine.
43:28
They got F Dick insurance, so they're fine.
43:31
Don't worry about the banks. They got some commercial real
43:34
estate loans that are going bad too.
43:36
But don't worry about the banks. Jerome said himself.
43:39
Jerome Powell tell you, don't worry about the banks.
43:41
We got it all covered. We got everything covered
43:44
because we have a printing press.
43:46
We can print all we want. OK, man.
43:49
Thank you for the support. All right, Go, Ron.
43:53
You're very informative now. I was unbiased, not brainwashed.
43:57
I try to be as objective as possible when it comes to the
44:01
situation. Let me get done with, Let me get
44:04
done with this. See, Susie's watching.
44:06
She wants me to stay on track. I'm staying on track.
44:09
When it when it comes to these bonds and the losses, it's
44:12
catastrophic. Right now, what's going on with
44:16
bonds? It's a crash that measures up
44:19
against any crash, including the tech bubble crash that occurred.
44:23
OK, but it's being it almost feels like it's being hidden,
44:27
says the bond market sell off. That sending yield soaring is
44:31
starting to eclipse some of the most extreme market meltdowns
44:35
and past eras. Bloomberg reported on Treasury
44:40
bonds with maturities of 10 years or more had notched a 40%
44:45
loss since March of 2020, while 30 year bonds had plunged by
44:50
over 53%. These these losses I'm going to
44:57
read one more thing to You are nearly in line with stock market
45:00
losses seen during the worst crashes of recent history when
45:05
equity slumped 49% afterthe.com bubble burst and 57% in the
45:12
aftermath of 2008. The bond market has crashed.
45:16
But there's more. Yeah, there's a kicker.
45:19
There's usually a kicker. And on this one there is a
45:22
kicker. Did you know that the bond
45:26
market is almost three times the size of the stock market?
45:31
2 * 3 times? Anyway, the bond market is way
45:36
bigger than the stock market. And isn't it interesting that we
45:40
never really hear? It doesn't get the attention
45:43
that it deserves, but it has absolutely crashed.
45:47
Okay, The last gentleman who gave me the nice super chat
45:52
brought up, you know, there, there, there, there's there.
45:56
There's a war going on with Palestine and Israel.
46:00
I'll say this about it. I recognize there's two sides to
46:04
every story. Okay.
46:07
It's not just the hero and a villain type situation and
46:12
that's a long standing conflict in that area.
46:15
But number one, I wish the world could figure out a way to get
46:20
along just a little better. Instead of blowing each other
46:23
and all of our stuff up, right? Number one, we could stop
46:27
blowing the blowing everything up #2, #2 Think about this.
46:32
All those people that spend all that time on defense,
46:36
technology, different creative ways to destroy things could
46:41
spend their time and energy on productive things to help
46:44
mankind. I mean, the whole world could be
46:46
a much better place. I'm sorry.
46:48
I know it's not necessarily a popular and and and and and with
46:52
the reality of the world right now that we live in, it's not.
46:58
It's not happening, but it could happen.
47:01
I heard somebody say maybe it was Stew that you would think,
47:05
like we we consider ourselves to be like the dominant and the
47:09
smartest species on the Earth. You think we might learn that
47:13
it's we're better off when we work together and compromise and
47:18
cooperate as opposed to fighting, right.
47:22
I mean, I don't what even at your own house, I know here at
47:24
the house, like I think Susie and I seem to do a lot better
47:28
when we're cooperating and we do cooperate.
47:30
And I do appreciate Susie and everything she does to help the
47:33
channel. You guys were very nice to her.
47:36
Please continue to say thank you to Susie.
47:38
Thank you for the Super chats. Thank you to Jake's custom
47:41
parts. Thank you to Coin Shop.
47:42
Chris, thank you to Annie Oakley, Jen McDaniels here, our
47:46
newest moderator as well. Thank you, Jim.
47:49
If I missed anybody, I do apologize.
47:56
It's going to be an interesting, we've got to realize right now.
48:00
Oh, we got to get the 300 thumbs up, man, because we got it, we
48:04
got, we got to pull this together.
48:06
The key take away, right, As we look at the world through the
48:11
lens of precious metals? OK, as we look at the world
48:18
through silver and gold for safety, for security, what's
48:22
going on will start big in the world.
48:26
It is crazy. The New York Times is talking
48:29
about it, my Lord. The New York Times is basically
48:33
saying the world is changed. Like, not like nothing.
48:37
Even 10 years ago, five years ago, we couldn't have imagined
48:43
what's going on right now. But unfortunately, it's even
48:48
scarier when we factor in what's going on internally in the
48:52
United States. The level of conflict in this
48:55
country, right. Politically, socially,
48:59
everything else. The economic, the monetary
49:02
situation, the fiscal situation, right.
49:05
What the Fed is doing, what the government is doing with your
49:08
money, it's all out of control now, don't forget, right?
49:13
The take away here is silver and gold.
49:16
Have seen this before. This happened in the Roman
49:19
Empire, this happened in Greece, this happened in Germany, this
49:22
happened in Venezuela. This really right.
49:26
It's it. It feels like it's never
49:27
happened before because it's our first time experiencing it.
49:33
But periods of massive change, periods of of currencies losing
49:38
their dominance in the world, have occurred with Is it going
49:41
to happen this month? I don't know.
49:43
Is it going to happen this year, next year?
49:45
I don't know. Is it going to happen in the
49:47
next 10 years? We don't know for sure.
49:49
But we can look at the big trends that are occurring and
49:54
position ourselves for safety. I had to ring the bell with my
49:57
nose. We got 300 thumbs up.
49:59
Thank you, guys. I'll be right back.
50:00
Hold on here. I always say it's the last time
50:06
I'm going to do this. Yes, I'm the only YouTube
50:09
content creator that when we get the 300 basement dwellers.
50:13
I haven't said that today. My friends, my basement
50:16
dwellers, for you, Anything. Do you want me to ring this bell
50:20
with my nose? I think overall, you do.
50:23
So I'm going to go ahead and do it because that's what we do
50:26
here in the basement. When we get to 400 thumbs up, we
50:29
ring the gong. That is painful.
50:37
Thank you guys for being here. Okay.
50:39
We'll be back tomorrow. Basement dwellers stay united,
50:43
right? There's so much craziness in the
50:46
world right now. We'll navigate these choppy
50:49
waters together. We are, We are.
50:51
We'll be Okay, right. We've got the YouTube, It's your
50:56
channel, it's your basement as much as mine.
50:58
We'll be back tomorrow. Hey, Coin Shop, Chris and I put
51:01
out a video over the weekend. Go check it out.
51:04
We talked about what's going on at the at the coin shops right
51:09
now, what they're experiencing and how interesting situations
51:14
are developing in the retail an individual investor silver
51:19
market in particular. We also show how you can save
51:23
yourself $200.00 buying some silver.
51:25
So you might want to check it out.
51:27
Take care, I'll see you tomorrow.
51:28
Bye, bye.