Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 💰 $16 Silver NEXT 💰 DANGEROUS to Deny -- (DEBT Crisis, Recession, Bond Crash, Stock Market Crash)

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💰 $16 Silver NEXT 💰 DANGEROUS to Deny -- (DEBT Crisis, Recession, Bond Crash, Stock Market Crash) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Absolute bloodbath in the silver market over the last two days,
• 0:06
  actually the last 24 trading hours, the price of silver,
• 0:10
  we'll just say now it's dropped by 10%.
• 0:14
  What the heck is going on? Should you sell?
• 0:18
  Should you buy? We'll talk about that in this
• 0:21
  video, but we got a lot more to cover as well.
• 0:24
  Heck, we're hearing about Taylor Swift more and more at Kansas
• 0:28
  City Chief Football Games. I'm going to give you my take on
• 0:30
  that very briefly, But what about the debt markets?
• 0:34
  What about the bond markets? Look, silver's down 10%, bonds
• 0:40
  have been murdered also. But what does the, the the
• 0:44
  happenings in the bond market tell us about what we can expect
• 0:49
  in the silver and gold market going forward?
• 0:52
  We're going to talk about that. People waking up, we're going to
• 0:55
  get back to that. And also I didn't cover this
• 0:59
  enough yesterday, very, very major news regarding Japan.
• 1:05
  Now we know what's going on with Japan and gold, but what Japan
• 1:10
  is doing right now, the Bank of Japan will have major
• 1:13
  implications on the silver, gold and platinum market.
• 1:16
  We're going to cover that as well.
• 1:18
  First off, let's talk about the absolute bloodbath right now.
• 1:23
  What does it mean? What's happening in the silver
• 1:27
  market? I've been researching all
• 1:29
  morning. Everyone is calling this a
• 1:33
  bloodbath. Should you sell?
• 1:35
  Look, I don't offer financial advice, you know that.
• 1:38
  However, I can tell you from past experience, many retail
• 1:45
  investors make the mistake of selling at a time like right
• 1:50
  now, when the price is getting pummeled and they live to regret
• 1:55
  it. That's exactly what the big
• 1:57
  players What do you think the big players at the Commacks and
• 2:00
  JP Morgan Chase, They want you. They want the retail investor,
• 2:05
  the normal person like you and I to get scared in, sell, sell,
• 2:09
  sell that silver at these low prices.
• 2:12
  And unfortunately, are you one of those people?
• 2:15
  I'm not one of those people. I've never sold one ounce of
• 2:18
  physical silver, but a lot of silver investors, retail silver
• 2:23
  investors, do just that. And it's not a smart move, OK?
• 2:29
  That's what they're banking on. And these things do happen.
• 2:34
  Look, I've been through this for many decades.
• 2:36
  I've seen a couple of situations like this where we get these
• 2:40
  crazy, absolute crazy moves down in the price of silver.
• 2:46
  Okay. Hang in there, hang in there and
• 2:48
  I'm going to talk to you a little more.
• 2:50
  Hold on, let me get some water. I'm getting hot.
• 2:51
  I'm getting overheated. So much going on.
• 2:56
  I'm getting overheated. Hold on, hold on one second.
• 3:03
  I need to turn the fan up, get ready.
• 3:11
  You're going to start seeing stuff blowing around.
• 3:13
  But I don't know the days like today.
• 3:16
  You know, I woke up at 4:30 this morning, very early for me and I
• 3:21
  didn't need I I looked at silver last night.
• 3:23
  I knew it was down $0.30. Silver really wasn't the reason
• 3:26
  why I couldn't sleep. I just.
• 3:28
  I woke up, I looked and I thought, I don't believe what's
• 3:31
  going on in the silver market right now.
• 3:34
  It really guys, doesn't make any sense.
• 3:37
  But panic selling, unfortunately, is what a lot of
• 3:41
  retail investors will do. Again, that's what the Comex,
• 3:44
  that's what the big boys want you to do.
• 3:47
  Because you know who's buying right now.
• 3:49
  Yeah, that's right. That's right.
• 3:51
  I guarantee you, JP Morgan's buying.
• 3:53
  I guarantee you the Chinese are are scooping up $20 silver.
• 3:59
  Let's just call it $20 silver, right?
• 4:01
  What do you think? What do you think's going to
• 4:03
  happen if it gets even lower? Could we see $16.00 silver?
• 4:10
  Let's just paint that picture, OK?
• 4:12
  Because I can tell you one thing right now, if we had $16.00
• 4:15
  silver, this basement's going to look a lot less clutter because
• 4:18
  I'll be selling anything that's not screwed down to convert it
• 4:22
  into silver. And it won't be just me.
• 4:26
  What would you do if we got down to the $16.00 silver that I've
• 4:30
  heard a couple people now say, oh, silver can get down to 16.
• 4:33
  You know, they're looking at the charts and they're looking at
• 4:36
  the the wedge that's been broken.
• 4:39
  What do you think's going to happen if we get the 18/17/16
• 4:44
  dollar silver? You know, people are going to be
• 4:47
  buying any silver they can get their hands on?
• 4:50
  Thank you, Don, for the Super chat.
• 4:52
  Super nice of you, right? And that's only going to do 2
• 4:56
  things, push the price back up and #2 push the premiums sky
• 5:02
  high. Now you know the other thing we
• 5:05
  need to remember about this, the bloodbath.
• 5:07
  And I listened to the top chart analyst guys.
• 5:10
  I did a lot of digging in and I want to share with you what
• 5:14
  they're saying. And they, a couple of them
• 5:15
  called this the bloodbath phase. We're in a bloodbath.
• 5:19
  If you look at a chart of silver, it's been down, down,
• 5:22
  down, down, down for a number of days and we've had a precipitous
• 5:25
  move down. Okay, that gets rid of all the
• 5:29
  bears. That gets rid of all the
• 5:31
  negative. Look, I don't have a crystal
• 5:34
  ball. I can't guarantee this will
• 5:35
  happen, but it's likely if we look at past performance of
• 5:40
  silver that it could bounce back and bounce back very quickly.
• 5:44
  And we're going to talk about some of the big picture things
• 5:47
  going on right now, guys, We have a crash in the bond market
• 5:52
  and I know this will be all the bond market.
• 5:54
  What's that got to do with silver?
• 5:56
  That's got everything to do with silver.
• 5:59
  And I'm going to make it crystal clear for you as we get through.
• 6:04
  Now look, you might be feeling like, oh, this is a horrible
• 6:07
  day, this is a bad day. Things are difficult, and they
• 6:10
  are right. Nobody, nobody ever promised us
• 6:13
  that silver would or gold would just go up and up and up, right?
• 6:18
  Or platinum right. For our friend Neil, there are
• 6:21
  going to be difficult days. And you know, it dawned on me
• 6:24
  this morning. Let me tell you, Susie is not
• 6:27
  here. I don't know if Susie's in the
• 6:28
  live chat. Susie is my wife.
• 6:30
  Everybody knows Susie. Everybody loves Susie.
• 6:33
  She goes one or two days a week. She has to spend extended amount
• 6:37
  of time at her mother's house because her mother's in her 90s
• 6:40
  and then and they keep her at the house and somebody has to be
• 6:42
  with her 24 hours a day. So I'm, I'm, I'm, I'm alone here
• 6:47
  with the girls this morning and we wake up and come down and
• 6:50
  Susie always turns on the Today show and she's not here, but I
• 6:54
  turn it on just so it feels normal because we miss her.
• 6:56
  It doesn't feel right when she's not here.
• 6:59
  I'll tell you. You want to hear about a bad
• 7:00
  day? You want to do you want to know
• 7:02
  about a bad day? Is silver.
• 7:05
  Being down 3% is not good. I'm not.
• 7:08
  Look, I don't like it. You know, I'm a silver
• 7:11
  enthusiast. You know it's a bloodbath,
• 7:14
  right? It's a bad day.
• 7:16
  Oh my gosh, so horrible. Let me tell you what a bad day
• 7:19
  is. There's a nine year old girl who
• 7:22
  was abducted from a campground in upstate New York.
• 7:25
  You probably heard that she was riding her bike around the
• 7:28
  campground. Her friend stopped.
• 7:31
  She wanted to go around one more time.
• 7:33
  And they never, she never came back.
• 7:35
  And they found her bike. That is a bad day.
• 7:41
  I told you see, that's a bad day.
• 7:44
  This is a crappy day for us investors, but that is a bad
• 7:48
  day. And any of you who have a heart
• 7:51
  or children or grandchildren of your own know exactly what I'm
• 7:54
  saying. So what's the big deal?
• 7:56
  Let's get back to Silver. I'm sorry.
• 7:59
  That just hit me this morning. I'm watching that.
• 8:01
  I'm like, whoa, that's a bad day.
• 8:04
  So we'll pray and hope that they find that little girl, OK,
• 8:09
  because that's a big deal. That's a big, big deal.
• 8:14
  But what's the other I'll talk about, I'll talk about Taylor
• 8:17
  Swift later. Let's talk about silver in the
• 8:19
  debt market. We've got the more, the smart
• 8:23
  guys in the room are drawing attention on the fact that we
• 8:26
  have a full blown that crisis, that crash in this country.
• 8:32
  I'm hearing people now say a bond crash, OK, bonds have
• 8:36
  crashed in this country and everybody's basically in a
• 8:41
  nutshell, what does that mean? Right.
• 8:42
  Everyone's. So what is all bonds crash?
• 8:44
  Big deal. What does that have to do with
• 8:46
  precious metals? What does that have to do?
• 8:49
  It has everything to do with precious metals because, you
• 8:52
  know, the banks are under huge stress.
• 8:54
  They're on life support. Wow.
• 8:56
  Thank you, Don. The banks are on life support,
• 8:59
  right? Big corporations are on life
• 9:02
  support. Little corporations are on life
• 9:04
  support. They can't afford these high
• 9:05
  rates. They all borrowed.
• 9:07
  They're used to borrowing money for free.
• 9:09
  Everything's on life support. OK, but.
• 9:12
  But what's critical to understand is the Fed is not
• 9:18
  going to let the US government go broke, right?
• 9:22
  You know the whole story. You can look at the US debt
• 9:24
  clock. What do you think it means?
• 9:26
  All this debt, all this deficit bonds are crashing, right?
• 9:31
  The mainstream media is now saying bonds are crashing.
• 9:35
  OK, OK, what's the Fed going to do?
• 9:40
  Is the Fed going to let the the Fed's primary?
• 9:43
  Let me read this to you. Where is it?
• 9:45
  Damn. Hold on here.
• 9:48
  I got 2 pages of notes today and my eyes are teary because I'm.
• 9:52
  I'm crying all the time. Where?
• 9:54
  What's page one? It's.
• 9:56
  This is very interesting. I wrote this down.
• 10:00
  It was such a big deal. We have a sovereign bond crisis
• 10:04
  which is too big to ignore. It's too big to ignore.
• 10:09
  OK, when they say sovereign bond crisis, that means not just the
• 10:12
  United States but other governments, it's too big to
• 10:15
  ignore. the Fed will react somehow and soon.
• 10:21
  OK, they have, they have to defend the US government debt.
• 10:25
  Now we're going to talk about Japan in a little bit because it
• 10:29
  totally relates to this. But the Fed, how can the Fed
• 10:32
  react? What can the Fed do?
• 10:35
  The Fed can only do one thing, and that is step into the bond
• 10:39
  market at some point, which they're going to have to do to
• 10:43
  save the bond market. That's their primary purpose,
• 10:48
  Okay. Now here's the big thing.
• 10:50
  Here's what you got to be ready for, Okay.
• 10:52
  When they do that right, and it's going to happen.
• 10:55
  It's going to happen. And this is where it gets super
• 10:58
  interesting about silver gold. And This is why we have hope.
• 11:01
  I have a hopeful message for you, so bear with me.
• 11:05
  But when they step in, right, and they interject into the
• 11:09
  market, it's going to be stealth and it's going to be a bluff.
• 11:13
  They bluff everything, OK. But but the interesting,
• 11:18
  critical thing to remember, and I'd never thought about this,
• 11:23
  Have you thought about this? I want you to think about if
• 11:26
  you've thought about this double little double layer thinking
• 11:30
  here in the basement today. I heard this yesterday and I was
• 11:34
  like, wow, I never thought about it that way.
• 11:37
  Silver and gold are the oldest markets in the world.
• 11:44
  Let that sink in for a second because there's another message
• 11:48
  in that silver and gold, right? We know silver and gold have
• 11:51
  been of value longer than anything.
• 11:53
  They are the oldest markets in the world.
• 11:57
  They were trading silver and gold 3000 years ago, 2000 years
• 12:02
  ago. Were they trading shares of
• 12:05
  Apple Computer? No.
• 12:07
  OK, I missed the Super chat. Thank you for telling that coin
• 12:10
  shop, Chris. I will get to it.
• 12:11
  Don Howe is the last one I saw. But think about this.
• 12:16
  What does that mean? Silver and gold are the oldest
• 12:20
  markets in the world, but but they're also what comes with age
• 12:26
  wisdom, right? OK.
• 12:29
  They're the wisest markets in the world.
• 12:31
  So let's back up the Fed. It's going to have to deal with
• 12:35
  a sovereign bond crisis. It's here.
• 12:38
  It's real, baby. It's real.
• 12:41
  And I I even heard, I forget one of these, these great, great
• 12:45
  commentary on this, the fact that Yellen's not saying
• 12:49
  anything like a year ago. She was saying, oh, we got
• 12:52
  liquidity problems in the bond market.
• 12:54
  Oh, we got liquidity. We have a bondman.
• 12:56
  That was a year ago. She has been suspiciously quiet
• 13:01
  lately, right? Because the feds doing right now
• 13:04
  some backdoor repo, reverse repo, double back flip, smoking
• 13:08
  mirror, Unicorn fart dust, boom, everything's fine to just offer
• 13:14
  a little stability to the bond market.
• 13:17
  But when the Fed steps in, who's the oldest and who's the oldest
• 13:21
  and wisest market in town? In the not just town, your town,
• 13:25
  wherever you are, you're somewhere in the world joining
• 13:27
  me. But not just your town.
• 13:30
  Anywhere on the planet. I'm looking at Grandpa's globe.
• 13:33
  I'll get that down and show it to you sometime.
• 13:35
  Anyway, who's the oldest? Who's the wisest?
• 13:39
  Right. Silver and gold.
• 13:42
  They're going to know. And there's another way to say
• 13:44
  it. Hold on.
• 13:45
  Let me get to these notes. I have too, too many damn notes
• 13:47
  today. I tell you what.
• 13:49
  Oh, gold is an anticipatory market.
• 13:52
  We've talked about this. What does this mean?
• 13:55
  Gold and silver we're talking about.
• 13:57
  And we're talking about platinum for the platinum guru Neil as
• 14:02
  well. We're talking about all the
• 14:03
  metals. What's this other big key?
• 14:06
  It's an anticipatory market. I heard Larry Leppard say this
• 14:14
  once. I try to give credit when I
• 14:16
  learned something, he said. Silver and gold, they look
• 14:21
  around the corner, right? And sometimes, right, like, like
• 14:24
  they're they're, they're not just looking straight ahead,
• 14:27
  they're looking around the corner to see what's happening.
• 14:31
  Guys, this bloodbath that we're having today and we've had for
• 14:37
  the last 24 hour, I mean, are you kidding me?
• 14:40
  Silver's down 10% in like basically 24 hours of trading.
• 14:45
  Does that make any sense? Right.
• 14:48
  When? When we know.
• 14:49
  Thank you, Don. Wow, you're being super
• 14:52
  generous, never expected, always much appreciated.
• 14:56
  But when we know, when we know what's going on with silver,
• 15:00
  when we know the world is demanding hundreds of 1,000,000
• 15:05
  more ounces of silver every year than the mines and recycling
• 15:10
  combined can provide, does that make sense that it's down 10%?
• 15:15
  I mean, it was supposed to happen when the stock, the stock
• 15:18
  market didn't crash, the bond market crashed, right.
• 15:22
  The bond market's crashing. I haven't looked at the 10 year
• 15:24
  bond. Hold on.
• 15:25
  I mean today is a 10 year bond at 5% or something, right?
• 15:30
  I mean it makes no sense. Oh, it's the strong dollar.
• 15:34
  All right. We're going to talk about we're,
• 15:36
  it's the strong dollar. Yeah.
• 15:38
  OK. We, we're going to talk about
• 15:40
  that first. I got a couple quick announces.
• 15:42
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• 16:23
  this out of the way right now because we we need the sponsors
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  to make this possible. Okay Weber seasonings and sauces
• 16:31
  since we can't afford prime grade steak right now.
• 16:36
  A silver Investors. You can make the best hamburgers
• 16:39
  you've ever had. Here it is.
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  Gourmet Burger. I love the stuff.
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  I use 70% lean ground beef. Make some burgers.
• 16:51
  Put that on both sides. Cook them on the grill.
• 16:53
  You're going to have all kinds of flames, but what you're going
• 16:56
  to have at the end is a burger that tastes better than that
• 17:00
  prime grade piece of steak. All right, that's enough.
• 17:02
  I won't. I won't go on, but I do.
• 17:04
  Later I'm going to tell you about a big giveaway we're going
• 17:07
  to be doing. Okay.
• 17:08
  I'll tell you about that later. Let's talk about though, you
• 17:11
  know, does it? Does it get under your skin?
• 17:15
  How does it make you feel when you hear everybody say, oh, gold
• 17:19
  and silver going down because the dollar so strong.
• 17:23
  Thank you, Daniel. Go by, Chris.
• 17:25
  Some Ding Dongs all. He'll remind me, Don't worry.
• 17:30
  Oh, I missed. We got 100 thumbs up.
• 17:32
  Hold on. Here we go.
• 17:38
  One more for good luck. Thank you, guys.
• 17:42
  Thank you all for being here. Now, everybody, you know the
• 17:47
  mainstream narrative about why gold and silver are down right
• 17:53
  now, It's because of the strong dollar.
• 17:58
  How does that make you feel, The dollar strong?
• 18:01
  I wrote this down last night and and and and and this is critical
• 18:05
  for you to understand. Critical.
• 18:08
  I harp on it once a week, but we got to understand this.
• 18:11
  If you can't understand this concept, the good news is you
• 18:16
  got some good news coming when you do understand it.
• 18:19
  But this is a critical, absolutely pivotal, compelling.
• 18:25
  Here's a list of words Susie gave me.
• 18:27
  I'm supposed to say intriguing, enthralling concept about silver
• 18:36
  and gold in the dollar being so strong.
• 18:38
  The dollar so strong. How strong?
• 18:40
  Let me ask you a question. I want to ask you a starter
• 18:43
  question. How strong is your dollar?
• 18:46
  Imagine you had a hundred a Hyundai in your wallet, right?
• 18:50
  Oh, let's say 40 years ago. You're probably my age.
• 18:54
  I'd. I'd have been 13 whatever a
• 18:57
  Hyundai in your wallet 20 years ago, right?
• 19:01
  Isn't that dollar just be done remain so strong and powerful?
• 19:07
  Let's just say 20 years ago, I'd say right now, right compared to
• 19:12
  20 years ago, I maybe could buy, I don't know 40% of what I could
• 19:19
  buy 20 years ago with that same $100 bill.
• 19:24
  But the dollar's been strong. The doll.
• 19:26
  Hey, Susie. Smart.
• 19:29
  Oh, oh, oh. Anyway, I apologize if I said
• 19:32
  something that offended someone. Of course.
• 19:34
  Down how? By Chris.
• 19:35
  Some little teddies. Oh, boy.
• 19:37
  Susie's gonna kill me. I'm gonna get back to the
• 19:40
  dollar. I had a little.
• 19:42
  I love those things called nutty bars is what I call them.
• 19:45
  That Susie bought a big box of. Um, Susie ate all the nutty bars
• 19:48
  in the fridge last night when you were gone.
• 19:50
  I apologize and I drank the rest of my daughter.
• 19:53
  My daughters buy this drink. It's called prime.
• 19:56
  It's like $4.00 a bottle. Then it was the only thing in
• 19:59
  the fridge and I drank it. And then I left the empty bottle
• 20:02
  on the on the on the thing next to the couch and I about got
• 20:05
  attacked this morning. But with a strong dollar I can
• 20:08
  go buy more. Prime right?
• 20:10
  No 20 years ago compared to now, that dollar.
• 20:14
  But you know I can buy 40% as much.
• 20:16
  Here's the key. Here's the key to the Kingdom.
• 20:20
  Well, that's, I mean, that sounds religious.
• 20:22
  Here's the key to the vault. Here's the key to the vault, the
• 20:27
  silver and gold vault, the dollars.
• 20:30
  A big difference between relative strength and real
• 20:34
  strength, Real strength and relative strength.
• 20:37
  Relative strength to me is what they're talking about when
• 20:40
  they're talking about a strong dollar.
• 20:43
  Because the dollar's working, right?
• 20:45
  I mean, I I always forget. I'm sorry.
• 20:48
  Oh, man. This is not a political show,
• 20:51
  but Bidenomics is working. Yeah.
• 20:56
  If that bothers you. When I say that, I apologize.
• 20:59
  I'm not putting anybody down. I'm just stating a fact.
• 21:02
  Bidenomics is working. Just ask our President, Joe
• 21:05
  Biden, He'll tell you, Okay, right.
• 21:08
  So the dollar strong relative to I think it's six other
• 21:12
  currencies. The yen, Oh, we're going to talk
• 21:15
  about the yen. We're going to talk about Japan
• 21:17
  because Japan and gold is one thing, but Japan and what it's
• 21:21
  going to do to the worldwide gold and silver market is a
• 21:24
  completely different thing. But the compare the dollar to
• 21:27
  the euro, you know I'm, I'm always trying to think of new
• 21:31
  analogies that that describe this to you.
• 21:34
  It's not the real The real value of the dollar is that $100 bill
• 21:39
  in your wallet today, only buying 40% of what it bought 20
• 21:45
  years ago. Okay, your grocery cart 20 years
• 21:49
  ago would have had more than double in it compared to what it
• 21:54
  had today. If you go to the store with
• 21:56
  $100, I mean, I remember hamburger.
• 21:58
  Don't forget this stuff is great.
• 22:01
  It's the last time I'm going to talk about it.
• 22:03
  Gourmet burger. You can get it at Sam's Club.
• 22:05
  Anyway, I remember hamburger being a buck a pound because
• 22:09
  I've always loved to make hamburgers.
• 22:11
  I'm you can ask Susie, I'm the best hamburger cooker in town.
• 22:14
  I got directions for myself and everything, but now that's real
• 22:19
  value. The real value of the dollar
• 22:23
  right down the tubes, baby. But they could.
• 22:27
  But the relative value, when you want to compare it to the price
• 22:31
  of yens and EUR, well, the dollar strong, that's temporary.
• 22:36
  That's temporary. The relative value side of it is
• 22:39
  temporary. What's the value of the dollar
• 22:42
  compared to gold over the last 20 years?
• 22:46
  I mean, what was gold in 2000? I think it was like was like
• 22:49
  three $400.00 an ounce. Don't you wish you could go back
• 22:53
  and trade your hundies, your $100 bills into gold or silver?
• 22:57
  What was silver? I think silver is like 5 bucks
• 22:59
  an ounce. So this BS story that oh the
• 23:03
  dollar is so strong and that's why that's why gold and silver
• 23:09
  are going down. Now this is heartbreaking.
• 23:12
  Okay. I've only teared up once about
• 23:14
  that little girl in upstate New York and I'm going to tell you
• 23:17
  what they better find her and and I know they're working
• 23:27
  really hard on it. That's that's that's a big
• 23:30
  that's a that's a big deal, guys.
• 23:32
  This downdraft and the silver price and gold price.
• 23:36
  It's a game compared to something like that.
• 23:39
  So anyway something else. That's heartbreaking.
• 23:41
  It is heartbreaking. OK.
• 23:45
  It is frustrating. Frustrating, heartbreaking.
• 23:48
  Let's use that term. OK.
• 23:51
  This silver and gold are supposed to keep up with
• 23:54
  inflation and they do it over a long term.
• 23:56
  Look at 20 years, look at 10 years, look at 30 years.
• 23:59
  Look at whatever years. But gosh darn it.
• 24:03
  Gosh darn it, guys. Let's be real.
• 24:07
  Let's be real. The price of everything, right?
• 24:11
  Name something. Name two things.
• 24:14
  Name three things. Name three things that have not
• 24:17
  gone up in price by 30% over the last three years.
• 24:22
  Get ready for some heartbreak. Okay.
• 24:24
  I'm going to deliver some. We're going to, we're going to,
• 24:25
  we're going to Talk about reality.
• 24:28
  The reality is everything's gone up in price over the last three
• 24:32
  years. Gas, food, you know, Ding Dongs,
• 24:35
  Ask Coin Shop Chris, he'll tell you everything's gone up.
• 24:38
  The price of gold and silver haven't gone up, they've gone
• 24:40
  down. But but I say that lends more
• 24:48
  credence to the fact that that because it is, it is impossible.
• 24:55
  It is impossible when you've got a bunch of this right worthless
• 25:00
  paper printed into oblivion that that measured in this over a
• 25:07
  long period of time when this stuff is just made out of
• 25:10
  nothing. It's impossible.
• 25:13
  It's impossible that that value measured in this paper, that the
• 25:19
  value of where's a piece of silver?
• 25:22
  My gosh, here's my silver hook is not going to go up or gold or
• 25:30
  platinum. It's just it's mathematically
• 25:34
  absolutely impossible. So we got a we got a bond crash
• 25:40
  right now in this country. That's what they're calling it.
• 25:43
  We got 500 people watching coin shop.
• 25:45
  Chris just threw a virtual Ding Dong at me.
• 25:48
  Thank you guys for being here. We're the smart ones.
• 25:51
  We'll talk about this stuff. Thank you.
• 25:53
  OK. Please give it a thumbs up.
• 25:54
  I'm only going to beg once. I haven't sang yet.
• 26:00
  Now we have a bond crash in this country right now.
• 26:06
  Let me just read. These are my personal notes that
• 26:08
  I made for you. Very interesting when we
• 26:11
  consider what is going on, OKCNBC article said.
• 26:18
  We had, we had massive creation of bonds over the last 20 years.
• 26:23
  We know that Then in in 2020, we had the, the, like, grand
• 26:29
  finale, right? It's like you're at a fireworks
• 26:31
  show. You've been to a firework show,
• 26:32
  right? Boom, boom, boom.
• 26:34
  More debt. More debt.
• 26:35
  More debt. More debt.
• 26:36
  Oh, look at all this beautiful debt Unicorn fart does make
• 26:40
  believe money that our government makes.
• 26:42
  Boom, boom, right? And then at the very end,
• 26:46
  there's the grand finale. Boom, boom, boom, boom, boom,
• 26:49
  boom boom. Like a cowbell going off when
• 26:51
  you get 200 thumbs up. I will always ring the bells.
• 27:01
  I will always ring the bells. Now let's have a sip of coffee
• 27:10
  together and we're going to get into this.
• 27:12
  Why? It's important?
• 27:17
  Because the bond prices do affect the gold price in the
• 27:21
  long run, and we have a bond crisis.
• 27:26
  Our government is going to be very soon in a situation where
• 27:31
  nobody wants the bonds. The buyers are going to
• 27:35
  disappear at the same time that the government has more and more
• 27:40
  and more and more and more bonds to offer, You want some bonds?
• 27:44
  We got bonds. We can sell you bonds, right?
• 27:46
  Bond here, bond there everywhere.
• 27:48
  A bond, OK? It's going to create massive
• 27:52
  problems if rates go higher than they are now.
• 27:56
  We're going to have massive bank issues in this country, massive
• 27:59
  government issues in this country, because the
• 28:02
  government's not going to be able to just make up money out
• 28:06
  of nowhere. It's been great.
• 28:07
  It was a good run, but it's over guys, corporations.
• 28:10
  Nobody talks about that. We already knew three years ago.
• 28:15
  We have zombies. It's Halloween.
• 28:17
  We have zombie corporations in the United States, a good number
• 28:21
  of them. That means companies that were
• 28:23
  only able to survive in a 00 interest rate environment.
• 28:31
  So we'll have massive, but we already have like you know, we
• 28:35
  have bankruptcies right now at the same level that we had
• 28:39
  during the great financial crisis.
• 28:43
  Oh, we also had three of the four largest banks ever in the
• 28:46
  history of the country. Those three banks combined were
• 28:48
  more than all the banks that went broke during the financial
• 28:51
  crisis. The feds going to step in baby.
• 28:55
  But remember here's the big, here's the big, here's the thing
• 28:58
  you need to remember. the Fed will be stealthy about it, just
• 29:02
  like they are already right now. They got some like slush fund
• 29:06
  left over from the 40% of U.S. dollars that were ever printed
• 29:10
  in existence. Okay that they're using now but
• 29:13
  that's going to run out come June of next year is what I'm
• 29:16
  hearing and it's going to be ugly.
• 29:19
  Mcdugly. OK, I'm not going to use that
• 29:23
  word anyway. It's going to be bad and it's
• 29:25
  they're going to step in and and don't forget don't forget let's
• 29:30
  tie this all together now. We're basement dwellers.
• 29:34
  We like to think, right, let's tie this all together.
• 29:37
  When all that happens, gold and silver and platinum are
• 29:42
  anticipatory. They anticipate, they look
• 29:45
  around the corner, they're wise. They are the oldest markets.
• 29:48
  Man, isn't it great? We got a new concept.
• 29:53
  They're the oldest, wisest markets in the world.
• 29:58
  So not only are they hold on, not only are they the oldest
• 30:10
  markets in the world, silver and gold, not only are they the
• 30:15
  broadest, the entire world, right, But they're the wisest.
• 30:20
  And they look around the corner and they don't care about
• 30:22
  politics. They don't care about about
• 30:25
  political systems, Democrat, Republican, or communism or
• 30:29
  socialism or supposedly capitalism, or maybe a system.
• 30:34
  That might be the case in the West, which is socialism for the
• 30:37
  elite, but that's a different story.
• 30:40
  Anyway, they don't care. They're going to see it all
• 30:42
  going on and it's going to be crazy.
• 30:43
  Now what's going on in Japan? You know, remember Japan?
• 30:48
  Do you remember back in the 80s, like, I was a teenager in the
• 30:51
  80s and it was there was all this, It was basically anti
• 30:54
  Japan propaganda. Remember, they were going to
• 30:56
  take over the world. They bought Times Square and
• 31:00
  then people hated their cars and it was like Japan was like
• 31:03
  feared. I went to College in 1988 and I
• 31:07
  remember was like, oh, Japan and oh, you know, here's here, this
• 31:12
  is, this is my numbing sit down for this.
• 31:15
  And then I want you to think about what this all means.
• 31:18
  Okay the the, the the Bank of Japan has been doing what the
• 31:23
  feds going to have to start doing for decades.
• 31:27
  The Bank of Japan would print money out of thin air and buy
• 31:30
  the bonds of the country. Listen, listen to this.
• 31:32
  The Bank of Japan, also known as the BOJ, if you want to sound
• 31:36
  fancy. And you know I know you want to
• 31:38
  sound fancy. The BOJ holds a staggering 47%
• 31:44
  of all outstanding Japanese government debt.
• 31:47
  Yes, they hold almost half the Bank of Japan who makes their
• 31:51
  own form of Japanese Unicorn fart dust, right?
• 31:56
  Maybe they make it more with rice, I don't know.
• 31:58
  But nonetheless, and I'm not saying that in a mean way that
• 32:01
  it wasn't I Hopefully nobody took offense to that.
• 32:04
  In America, we make Unicorn fart dust out of corn.
• 32:07
  All right, Japan, they probably use rice because they eat a lot
• 32:10
  of rice. We eat a lot of corn.
• 32:12
  We eat some rice. They eat some corn.
• 32:14
  Nothing was meant by that. Don't defund me or whatever.
• 32:18
  It's called. Additional bond purchases.
• 32:22
  Oh, so this is the big news. I don't know, like six months
• 32:25
  ago, the Bank of Japan said we're going to stop buying our
• 32:27
  own bonds. We're going to get, we're going
• 32:29
  to be good again. We're going to stop buying our
• 32:31
  own bonds and we're going to stop doing, it's called yield
• 32:34
  curve control. Yield curve, have you heard that
• 32:38
  fancy term? OK.
• 32:39
  What that basically means is yield curve control means when
• 32:44
  nobody wants to buy your bonds, Think about the United States
• 32:48
  when nobody wants to buy your bonds, right.
• 32:50
  What happens is the rates go up and up and up and up and up and
• 32:54
  up and up and up because nobody wants them.
• 32:57
  People are like, I'm not buying that bond for four, 4%.
• 33:00
  That's too much risk. So then the government has to
• 33:04
  step in. They control the yield, so they
• 33:07
  buy them. Oh, interesting.
• 33:10
  That's what Japan had done. Now the Bank of Japan owns 47%
• 33:13
  of the country's outstanding debt.
• 33:15
  They stopped it, though, right? They went to rehab for for for
• 33:20
  for Japanese Unicorn fart dust money printing.
• 33:23
  They went to rehab and they only lasted six months in rehab
• 33:28
  because we just got because what happened was the yen.
• 33:30
  Now it gets interesting. Two guys the world that there's
• 33:33
  oh there's there's six components to this.
• 33:35
  I'm going to try to remember three of them.
• 33:39
  The Bank of Japan just announced because the yen was crashing in
• 33:45
  value, right? Because it's the real the
• 33:48
  reality of their situation. Much like the reality in the
• 33:51
  United States right there, the yen is worth less, it's becoming
• 33:56
  worth less. So the Japanese people Okay.
• 34:00
  And the Japan is the third largest economy in the world.
• 34:05
  Very. Who talks about, oh, China,
• 34:06
  China, China. Well, Japan's not that far
• 34:09
  behind. Japan's a massive economy.
• 34:12
  And the Japanese people went crazy over gold.
• 34:15
  Kind of like we're having go on at Costco here.
• 34:18
  I'm going to talk about that too.
• 34:19
  And I want to talk about Matt Gates as well.
• 34:21
  We got a lot more to talk about South Japan.
• 34:25
  Japan just threw in there, threw in the towel and said, Oh no,
• 34:28
  the yen's getting to getting crushed.
• 34:31
  We got to start doing yield curve control again and that's
• 34:33
  exactly what's going to happen here.
• 34:35
  It's going to turn into currency wars in this world.
• 34:38
  Now what's even more interesting about Japan right now is they
• 34:42
  just announced a major meeting with South Korea and China where
• 34:48
  they're going to talk about economic.
• 34:50
  People are saying, some people are saying what we could see is
• 34:54
  that Japan and and and South Korea possibly get to a point
• 35:00
  because the Japanese are now selling their US bonds, the
• 35:03
  Chinese are selling their US bonds, the Saudi Arabians are
• 35:07
  selling their US bonds, Everybody's selling bonds.
• 35:11
  And you just like wonder like who's buying them.
• 35:14
  I don't know. Do you have any ideas who might
• 35:16
  be buying these bonds? How does this all relate to
• 35:19
  silver and gold? It it's real simple.
• 35:24
  All this bond selling, nobody wanting to buy them.
• 35:29
  It comes down to the Fed is going to be in a position
• 35:33
  exactly like Japan where there's no buyer for the bonds and the
• 35:40
  Fed is going to do it. Don't forget where I'm telling
• 35:44
  you this right now. In a stealthy, in a bluffy way,
• 35:48
  like bluffing, right, The feds bluffing all the time like poker
• 35:51
  players. And they're gonna they're
• 35:53
  they're the only thing they can do is print money which will
• 35:57
  devalue the the United States dollar in real terms.
• 36:02
  Real terms. And that's where the gains it
• 36:05
  doesn't. This whole guys, though here's
• 36:07
  the whole key, this whole. Remember what we talked about
• 36:10
  earlier? This whole idea of a strong
• 36:12
  dollar in relative terms when you're comparing it the DXY to
• 36:16
  these, that doesn't mean squat. That doesn't mean anything to
• 36:20
  us. That's great.
• 36:21
  You know, that's like, I don't know, that's like a comic book
• 36:25
  or something. What we're concerned about is
• 36:28
  real, real value. Real value.
• 36:31
  In a good demonstration of that is, like I said, that $100 bill
• 36:36
  in your wallet right today only buys you maybe 60 or 50% of the
• 36:43
  same groceries that it would have bought you 20 years ago at
• 36:47
  your local. I got a store right next to me,
• 36:49
  Dierbergs. I guarantee you everything costs
• 36:52
  twice as much. That's real.
• 36:55
  Real. Nobody cares about relative is
• 36:57
  smoke and mirror mind games. They're playing with you.
• 37:01
  And yes, it is painful, this little window that we've been in
• 37:06
  with the silver and gold price. Are you feeling the pain?
• 37:10
  The fact that over the last three years everything has gone
• 37:13
  up in value? Everything except silver, gold
• 37:18
  and platinum. OK, I think one of the we are
• 37:22
  having a giveaway on Good Friday, not Good Friday.
• 37:27
  Sorry, I went, I went. I was raised in a Catholic grade
• 37:30
  school. Happy Friday.
• 37:32
  No, it's not Happy Friday. It's not Happy Friday either.
• 37:35
  We're having a big giveaway on Black Friday, Black Friday which
• 37:40
  will be I think November 24th. Jim M who was on this earlier
• 37:47
  great guy contacted me and coin shop.
• 37:49
  Chris and I have been talking about doing a mega giveaway.
• 37:52
  Well mega for the basement okay. So anyway he contacted me and
• 37:56
  and offered to donate some silver for the giveaway.
• 38:01
  I'm going to donate some silver coin shop.
• 38:03
  Chris already donated some silver.
• 38:05
  It's all wrapped up in bubble wrap.
• 38:08
  See, it says right here, give away 20,000 subscribers.
• 38:14
  I'm a little late on that. Anyway, we're going to have a
• 38:16
  mega giveaway and I'm going to make a video about it in about
• 38:21
  two weeks where you can go leave a comment and you'll be
• 38:24
  automatically entered, much like the one we did with Tim Becks.
• 38:27
  And you never know, maybe they'll throw in a few oz as
• 38:30
  well. But the pin Becks one we gave
• 38:33
  away A10 oz. Bar.
• 38:34
  Wonderful guy named Greg in California.
• 38:37
  He got it. He loves it.
• 38:39
  It's real easy to do. I'll tell you more about that,
• 38:42
  OK, in the coming weeks. But right now we're in
• 38:45
  accumulation phase where we're accumulating things.
• 38:48
  And that coin shop, Chris doesn't agree with me and you
• 38:51
  guys can tell me as well. But I think I just want to do
• 38:53
  one big giveaway, the grand Bahuma.
• 38:56
  Like I'm going to get my box here, I'm horrible.
• 39:02
  But this is this is the coin shop Chris box that I was
• 39:05
  supposed to send them stuff, and I'm bad about it.
• 39:08
  Anyway, we're going to accumulate a bunch of stuff in
• 39:10
  the box and maybe give it all the way at once, but I'm open to
• 39:14
  suggestions now. What did this?
• 39:16
  What is what? What?
• 39:17
  What? Whoa whoa whoa whoa whoa, whoa,
• 39:19
  whoa, whoa, Wait a minute. I want you.
• 39:21
  This is probably #1 funny and #2 probably one of the more
• 39:29
  insightful things that has ever been said in the United States
• 39:35
  Congress. OK, if you haven't heard this,
• 39:39
  and I think I shared it yesterday, but this is so good
• 39:43
  that it bears repeating. And if you're anything like me,
• 39:46
  you can forget a lot of stuff in over a 24 hour period.
• 39:50
  This, my friends, is was came from our friend Mr. Gates.
• 39:58
  I'm horrible about politics. I think he's a senator.
• 40:01
  He's from Florida. GAETZI called him gets.
• 40:04
  I could pronounce everybody's name wrong.
• 40:06
  Putin. Putin.
• 40:07
  War. War.
• 40:08
  Anyway, Gates, this was in reference to Did you hear about
• 40:13
  Senator Menendez, who somehow accumulated $480,000 of cash at
• 40:21
  his house? Think it was like sewn into his
• 40:23
  underwear and I don't know, all kinds of stuff.
• 40:26
  And he claims it's because he was traumatized as a kid in Cuba
• 40:30
  or something. And you needed to.
• 40:31
  This is not a political show. But anyway, that's the fact.
• 40:35
  But but not only did they find $480,000 cash, and that's
• 40:42
  probably like peanuts compared to the cash you got sewn into
• 40:45
  your underwear. But anyway they found some gold
• 40:48
  bars Oh my gosh and didn't if you that this is not that this
• 40:53
  is not the zinger zinger winger dinger kicker on this but but
• 40:58
  but it's super interesting because the press they they yeah
• 41:02
  they showed the cat but the press they'd love to show the
• 41:05
  gold XC gold. It's for criminals criminals
• 41:09
  pirates mobsters. It's used in to bribe US
• 41:14
  senators but what Gates said is classic and I'm going to read
• 41:17
  this slowly. Thank you Sean.
• 41:21
  I'm going to read this slowly because this, this two lines has
• 41:25
  more of a message in it for us precious metals investors than
• 41:30
  almost anything, Mr. Gates said. Quote, he said this in Congress.
• 41:35
  We are devaluing American money so rapidly that in America
• 41:42
  today, you can't even bribe Democratic senators with cash
• 41:48
  alone. You need to bring gold bars to
• 41:51
  get the job done just so the bribes hold value.
• 41:58
  Thank you, Don. Thank you, Sean.
• 42:00
  Thank you guys. I mean guys that was said in our
• 42:04
  Congress. I mean basically like isn't it
• 42:08
  hilarious that if you want to bribe a senator today, they
• 42:11
  don't even take paper money because they basically know it's
• 42:14
  becoming worth less. Just like that $100 bill we
• 42:18
  talked about now for the 4th time, which I won't talk about
• 42:20
  again that you bring to the store today and only get you 50%
• 42:27
  of the groceries that it got you.
• 42:29
  You know, even the senators know that they've got the inside
• 42:32
  information. I don't know, I just absolutely
• 42:34
  love it. I got 2 pages of notes and I'm,
• 42:36
  I missed a bunch of stuff. You know, the Costco thing
• 42:40
  continues to fester. You know this bloodbath we had,
• 42:45
  especially in silver guys, it's been a rough, rough 24 hours.
• 42:50
  Does it make any sense that silver is down 10%, basically
• 43:00
  9.2, whatever it is and the last 24 hours of trading, you know,
• 43:08
  does that make any sense? Think about the big picture.
• 43:13
  Think about, think about with silver this interesting little
• 43:17
  point. The world is demanding 10
• 43:21
  hundreds of millions of more ounces of silver every year than
• 43:25
  the mines and the recycling industry can provide.
• 43:29
  OK. Industrial demand, military
• 43:32
  demand, investor demand, all these different sources of
• 43:38
  demand and output from the mines is going down, down, down, down,
• 43:46
  down, down, down. I'm staring at you because I
• 43:52
  want, I mean we need to think about this, right.
• 43:55
  On top of that, we know that while supplies going down,
• 44:00
  demand is going up. But but not only is the man
• 44:05
  going up, but like everybody and their brother, right, that know
• 44:09
  that that even cracks the book on metals in the world knows
• 44:14
  that the demand for silver is expected to skyrocket in the
• 44:19
  coming decade, 2 decades. The next five years you're
• 44:23
  hearing people say next five years we're going to be out of
• 44:26
  silver 2028. I hear that all the time.
• 44:30
  I'm not saying, you know, to me that seems a little extreme.
• 44:33
  But anyway, the very fact that according to the USGS, but I
• 44:38
  don't know whatever it is, people like reputable people are
• 44:41
  saying we could be out of silver.
• 44:42
  Thank you Tony for that super chat my friend.
• 44:45
  Thank you. We could be out of silver.
• 44:49
  Does it make sense? The Chinese right there over
• 44:53
  there making fun of us because of how we determine the price of
• 44:57
  silver. This Shanghai Futures Exchange,
• 44:59
  the Shanghai, I mean it's it's just mind numbing, mind numbing.
• 45:05
  But but don't forget, right this is a big key and you know if if
• 45:11
  you own physical silver don't make the, you know the the
• 45:15
  average retail investor makes the mistake of getting
• 45:18
  emotional. I'm emotional.
• 45:21
  I'm an emotional guy, but I don't make investment decisions
• 45:26
  based on emotion. I've learned that little bit in
• 45:28
  these years right now look I can't tell you for sure.
• 45:34
  OK. Thank you Keaton man you guys
• 45:37
  have like are are blowing me away especially on what's a a
• 45:40
  tough day. I know it's hard to be generous
• 45:43
  on a day when the markets down, but the but, but you know, I I
• 45:47
  know it's hard but and I can't tell you what to do.
• 45:53
  But if you're a person who believes in the longterm thesis
• 45:56
  of silver or gold or platinum, you know now is a time to be
• 46:03
  accumulating at least a little more, right?
• 46:05
  If that's what you believe, you need to make your mind up for
• 46:08
  yourself, right? I mean, I encourage everybody be
• 46:11
  an independent thinker, OK, And shop around.
• 46:15
  Look, I love pinbacks. I've had great experiences,
• 46:19
  right? But I even with, I'll tell
• 46:21
  people, you know, do your own due diligence.
• 46:24
  You guys told me about pin backs.
• 46:26
  I still look into it myself. I liked what I saw.
• 46:28
  I've had great experience, so I'll share that with you anyway.
• 46:33
  Anyway, now is a difficult time. It's always hardest.
• 46:38
  There's just saying, oh, what you There's all these sayings,
• 46:41
  right? But you know, the best time to
• 46:43
  buy is usually when it's the hardest time to buy.
• 46:46
  OK, let's hop into the chat. Coin shop.
• 46:48
  Chris, Tony Ericsson, Annie Oakley, Neil from Man, I almost
• 46:53
  forgot the most important part of the show.
• 46:56
  Let's all say thank you to these moderators.
• 46:58
  I know Susie was on there. Susie.
• 47:00
  Wow. Hello.
• 47:01
  Susie. Susie.
• 47:05
  Hello, Susie. This is my walkie-talkie.
• 47:07
  Susie's not home, so I'm free of the walkie-talkie today.
• 47:12
  And, you know, usually when I ring those bells, as you guys
• 47:15
  know, that's a signal for Susie to come down and refill my
• 47:18
  coffee. But she's not here for that as
• 47:20
  well. And that's an old joke that
• 47:23
  those of you who've been around a while will remember.
• 47:25
  When I first got the bell, I would ring it and say that I've
• 47:28
  I'm trying to, for lack of a better word, train.
• 47:33
  But there is no training other people, especially in a marriage
• 47:36
  for her to bring coffee down and it never worked.
• 47:39
  So now I ring the bell when we get to 100 thumbs up, can we get
• 47:41
  to 300 thumbs up? You know, maybe just one last
• 47:45
  time. I'll ring the bell with my nose
• 47:48
  until I lose a sponsor over it. I will continue to ring the 300
• 47:53
  thumbs up bell with the nose because it's a something we all
• 47:55
  enjoy. OK, yeah, the mods do rock.
• 47:59
  Neil, Jake, Susie. Annie.
• 48:04
  Mary Radcliffe is on here. And the King of Ding Dongs
• 48:07
  himself. Coin shop Chris.
• 48:09
  And the silver and Gold guru. I'm sorry I misspoke.
• 48:15
  The platinum guru. Our friend Neil from Neil.
• 48:17
  Hans Dynasty. Neil Campbell.
• 48:19
  Ricky's House of crap. Redacted.
• 48:21
  Yeah, REDACTED is an interesting channel to watch.
• 48:24
  I, I, I do watch it and I do enjoy it.
• 48:27
  Did we get three? We got 300 thumbs up.
• 48:29
  Hold on, guys. I just dropped something.
• 48:39
  The gong. The gong.
• 48:45
  I ring the gong at 400. Thumbs up.
• 48:49
  OK, that's the other that's let's get Ron some knows, buddy.
• 48:54
  Hello. Jim McDaniel.
• 48:56
  Jim, our friend. Thank you for your nice kind
• 48:59
  donation as well. OK, much appreciated.
• 49:03
  And we're going to have guys, we're going to have a big, big
• 49:06
  giveaway on Black Fry. It's going to be fun.
• 49:09
  It might be a fun day to have a show as well.
• 49:11
  OK. We'll all be here together
• 49:13
  getting in the holiday spirit, you know?
• 49:15
  And that's let's think about that for a second.
• 49:17
  That's six weeks from now. Oh man.
• 49:20
  I want to be optimistic and think that we could have a much
• 49:23
  better silver price and gold price on Black Friday.
• 49:27
  Let's hope, let's hope that we don't have a Black Friday sale
• 49:34
  on silver and gold. OK, let's let's hope everything
• 49:37
  else is on sale because like we talked about, the price of
• 49:40
  everything has gone up over the last three years.
• 49:43
  I can't think of anything except silver, gold and platinum that
• 49:45
  are cheaper. But it's OK because I'm telling
• 49:49
  you guys, there is energy. I mean massive, massive energy
• 49:54
  in the silver price and gold price, no doubt about it.
• 49:59
  There's big energy stored up. OK And as soon as as soon as
• 50:05
  there's a hint, a real hint, a pivot, it's going to be happy,
• 50:10
  happy days ahead. Look, it's a big deal. 500 of
• 50:14
  you are here right now. This is not called Ron Tube.
• 50:17
  This is called YouTube. I have to say that every single
• 50:20
  time there is no Ron's basement without you and me.
• 50:24
  Hopefully you enjoy being here as much as I enjoy having you as
• 50:28
  a guest in the basement. These are choppy waters in the
• 50:33
  precious metals sector. This is a difficult sector in
• 50:38
  which to be invested. You got to have elephant skin.
• 50:42
  You got to really understand what you're doing, right?
• 50:46
  That alone. But we're also dealing with
• 50:48
  massive political issues. We'll talk about those right
• 50:54
  economic issues, OK. We're dealing in a world of
• 50:58
  Wizard of Oz, Federal Reserve, Wizard of Oz, Unicorn fart dust
• 51:03
  world when it comes to the economy.
• 51:05
  And then on top of that, just in the last three or four years and
• 51:10
  nobody, it's frustrating because nobody talks about this stuff,
• 51:13
  right? I think we enjoy.
• 51:14
  But we're dealing with a geopolitical, a world situation
• 51:18
  like we've never seen in our lifetimes, right?
• 51:22
  So we come together, You know, it's hard enough dealing with
• 51:26
  the metals, but we deal with the other stuff as well.
• 51:29
  You give yourself a little pat on the back, it's a big deal,
• 51:32
  right? You've pulled your head out of
• 51:34
  the sand. We don't.
• 51:36
  Look, look, I don't have the answers right, What we all have,
• 51:41
  and that includes you. And that's a big deal.
• 51:44
  And that's why it's a big deal that you participate in these
• 51:47
  chats and talk with each other. You have something to offer.
• 51:53
  You have a flashlight. Remember, we're walking down
• 51:57
  this dark path through the woods, right?
• 52:00
  We all have our little flashlights.
• 52:03
  Sometimes your flashlight works brighter.
• 52:06
  Sometimes mine works brighter, But when we bring them all
• 52:09
  together, we can we can do a much better job of seeing what's
• 52:13
  to come out there. Thank you, Don.
• 52:15
  Wow, I'm the lucky one. I'm the lucky one.
• 52:18
  That Don's here. I'm the lucky one.
• 52:20
  Coin shop. Chris, Jake, Susie, Neil, Mary,
• 52:24
  Annie, whoever else. I forgot.
• 52:27
  You are here as well. OK.
• 52:29
  And I'll see you tomorrow. Have a great day.
• 52:32
  OK. Thank you.
• 52:33
  Thank you the.