Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **THIS is BIG!** 🦍🦍 SILVER Just had a MASSIVE Change... (NEW Shock!) Gold - Precious Metals News

Transcript

**THIS is BIG!** 🦍🦍 SILVER Just had a MASSIVE Change... (NEW Shock!) Gold - Precious Metals News · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Silver squeeze we are closer now than any other time in history.
• 0:05
  I'm going to give you the reasons why I think that's the
• 0:07
  case, but we got a lot more to talk about big name people in
• 0:11
  the precious metals world, the top names.
• 0:13
  Here's a taste, $1000 silver. We'll look at the reasons why
• 0:19
  $25,000 gold prediction, $50 silver prediction and one of the
• 0:25
  biggest, smartest people banks in the world telling us we can
• 0:28
  have 6000 dollar per oz gold by the end of the year.
• 0:33
  But let's get started with the silver squeeze.
• 0:35
  Are you feeling sassy sass? That's the sulfuric acid,
• 0:41
  sulfuric acid silver squeeze. I'll explain to you why that is
• 0:46
  so important. But let's and there's a bonus
• 0:48
  feature that they could turbocharge all of this.
• 0:51
  We are closer right now, as close as we've ever been to a
• 0:55
  historic, once in a universal history silver squeeze.
• 1:01
  But let's go out and look at the data that's initially coming out
• 1:04
  about what is going on. Silver trade shares this.
• 1:07
  China's ban on sulfuric acid exports could ignite the next
• 1:11
  silver supply squeeze. Is China about to trigger
• 1:15
  another silver supply squeeze? Hold on here.
• 1:19
  I got to get that on the full screen for you.
• 1:21
  Sorry, guys. OK, we'll keep going.
• 1:24
  China's upcoming ban on sulfuric acid acid exports starting May
• 1:30
  1st could have massive impacts on global silver supply.
• 1:35
  Why is that? Because China, the world's
• 1:37
  largest exporter of sulfuric acid, is halting shipments in
• 1:42
  response to Trump's attempt to throttle Chinese oil supplies
• 1:45
  away from the Straits of Hormuz. There's the picture, right
• 1:49
  China? It's going to create a copper
• 1:52
  crunch and a silver squeeze. 70% of the world's silver is a
• 1:57
  copper mining by byproduct. Heat leaching, which is a
• 2:01
  process by which they extract copper and silver from ore,
• 2:06
  relies on sulfuric acid. Why is that a big deal, right?
• 2:11
  Because guys, all the world's silver, 70% of it comes from
• 2:16
  copper mining. OK, China is going to set it
• 2:19
  down now. The reason why there's 222
• 2:22
  reasons why I'm super excited about this.
• 2:25
  Think about it, right, big events, big events that we've
• 2:28
  experienced in our lives, the great financial crisis, you just
• 2:32
  go through the whole list. Nobody saw them coming.
• 2:35
  None of the top analysts in the world of silver have been
• 2:39
  talking about a sulfuric acid issue causing a silver squeeze.
• 2:43
  It's always a Black Swan type event in this could very well be
• 2:48
  it right? These things come out of left
• 2:50
  field. And on top of that, the other
• 2:53
  critical thing that we have to to remember is before even the
• 2:58
  sulfuric acid situation, it's not going to take a lot of of,
• 3:03
  of, of a decrease in copper output to have a major impact on
• 3:08
  the silver market. That's why everybody's suddenly
• 3:11
  paying attention to this. We talked about it yesterday,
• 3:14
  but this is becoming a very, very big deal.
• 3:17
  Even just the smallest. There's a big reason why this is
• 3:21
  important. The smallest decrease in copper
• 3:24
  output and silver output could have a massive impact on what
• 3:28
  we're focused on. We like copper.
• 3:30
  We like gold on it. But on silver, Why?
• 3:33
  Because think about it. Even before going into the
• 3:37
  sulfuric acid situation, the silver market was already under
• 3:42
  a great amount of stress. Do you remember what happened
• 3:45
  back in January when the price went to 120 an ounce?
• 3:48
  Do you? I mean, we know all the other
• 3:50
  underlying fundamental reasons why silver has been doing so
• 3:55
  well. Those were all in place up until
• 3:59
  yesterday or over the weekend when we got this sulfuric acid
• 4:02
  news. This could be we already were
• 4:04
  probably heading for silver squeeze.
• 4:07
  This could be the Black Swan, the catalyst that really, truly
• 4:11
  sets it off and all these other analysts out there and I love
• 4:14
  them all right? That look at all the charts and
• 4:17
  the technical analysis and the COT reports and the all this
• 4:20
  crazy stuff and that all matters and it's all important.
• 4:23
  I respect everyone out there, but nobody, nobody 4 weeks ago,
• 4:29
  right, not even me was sitting around saying, you know, China
• 4:33
  banning exports of sulfuric acid could create the next.
• 4:36
  So we're going to create a new word basement dwellers for this
• 4:39
  silver squeeze. It's the SAS squeeze.
• 4:41
  Are you feeling sassy? That's an acronym SAS, the
• 4:46
  sulfuric asset silver squeeze. Now, there's no guarantee that
• 4:50
  this is going to happen, but I'm thinking that we are set up
• 4:53
  right now. When you again again, think
• 4:56
  about how we were set up going into this and now with the war.
• 5:00
  And of course, this is all a result of the war in China.
• 5:04
  There is a scramble. There is a battle on a worldwide
• 5:08
  basis for not just silver, but for all the metals, copper, all
• 5:13
  the chemical, sulfuric acid, all this stuff.
• 5:15
  It is getting absolutely crazy. We were before the war started
• 5:20
  in January, we already had an incredible situation developing
• 5:25
  in the silver market. I remember Keith Newmeyer
• 5:27
  talking saying this is a physical driven rally.
• 5:32
  The physic, the physical demand side, the imbalance between
• 5:36
  supply and demand is what will ultimately determine the value,
• 5:41
  whether you want to measure it in paper, U.S. dollars or
• 5:45
  whatever. The physical demand will
• 5:47
  ultimately determine the value of the metals.
• 5:50
  And we are set up now like no, I won't repeat it.
• 5:53
  I'm tempted to repeat it. I'm super pumped up.
• 5:56
  David Hunter talks about $1000 silver.
• 5:59
  Yes, that David Hunter. We're going to get to that after
• 6:02
  I say thank you to Brixton Metals for sponsoring Ron's
• 6:05
  Basement Canadian metals exploration company.
• 6:08
  They got 4 big projects all in Canada, in the United States,
• 6:12
  great jurisdictions. And our friends at First Mining
• 6:15
  Gold, they're a development stage gold company with two
• 6:18
  huge, I mean massive projects in Canada.
• 6:22
  And there aren't many massive development stage gold projects
• 6:25
  in Canada. Spring Pole in Ontario and
• 6:29
  Duparque located in Quebec, each of which have millions of Oz of
• 6:33
  gold in the ground. They're working through the
• 6:36
  development stage. Always be careful, always do
• 6:39
  your own research guys. I'm not a financial advisor.
• 6:41
  Stocks, bonds, mutual funds, cryptocurrencies, anything, all
• 6:44
  have risk. Please do your own research and
• 6:48
  R&R research and be responsible. OK, let's talk about our friend
• 6:52
  David Hunter. I've had him.
• 6:54
  I've had him here in the basement on live stream.
• 6:56
  Great guy, super smart, always accurate.
• 7:00
  He's now talking about you got to love it.
• 7:03
  OK, make go great again. And there's a video clip.
• 7:06
  I'm sorry I don't have it, but I got some video clips for you to
• 7:08
  watch later on. Some other people, some great
• 7:11
  ones, but David Hunter recently is raising his long term silver
• 7:16
  target. Long term silver target.
• 7:18
  I'll explain that here in one second to $1000 and give you the
• 7:23
  reasons why. Here's his tweet.
• 7:24
  Nope. I realized my silver target was
• 7:27
  way too conservative, so I raised it to $1000.
• 7:32
  I'm comfortable and so are we, David, with my gold target of
• 7:37
  $20,000. Now again, that is his long
• 7:41
  term. I might have to sneeze on you.
• 7:43
  I apologize. We're live.
• 7:46
  All kinds of things happen, including the input from our
• 7:49
  lovely friend upstairs, Susie David Hunter.
• 7:53
  That's his long term target. He's been very accurate over the
• 7:56
  last 10 years. Super.
• 7:58
  The guy has 49 years of experience on Wall Street, super
• 8:02
  smart, independent. He'll say what he thinks and
• 8:04
  he's often times, more often than not, right.
• 8:07
  What he's saying is that we're going to have a big run up in
• 8:10
  the markets, a big run up in the gold and silver price and that
• 8:14
  sometime probably later this year there will be a correction.
• 8:19
  And then after that bust, after that correction over the next
• 8:24
  number of years, gold and silver are going to do incredibly well,
• 8:29
  right? He's talking about silver going
• 8:31
  to $1000 and even he says, right, and it's because of the
• 8:35
  degradation of the US dollar. We know that whole story.
• 8:38
  But it even he says it's up to you If you just believe in the
• 8:41
  long term prospects for silver, don't try to trade it.
• 8:46
  But some people are probably going to try to trade this.
• 8:49
  If we do have a big run up, Oh, we got to go check on the silver
• 8:52
  price, a pull back and then another run up to $1000.
• 8:56
  Let's go, excuse me, look at the at the silver price.
• 9:00
  We'll go live out to Kitco and get an update.
• 9:04
  What what is that real guys? Silver up 4%.
• 9:11
  Wow, $78.67 in the spot market. Now for kicks and grow giggles,
• 9:19
  let's go look at the futures market.
• 9:21
  So 7867 and OK, 7857. So we are slightly backwardated
• 9:29
  meaning that there is A and I'm forgetting to share the futures.
• 9:32
  There's the futures meaning that there is a slight premium being
• 9:37
  paid in the spot market for the immediate delivery of silver.
• 9:41
  That is unusual. That indicates that maybe some
• 9:45
  people are a little suspicious that they may not get their
• 9:50
  their silver if they buy futures.
• 9:52
  I think that's the may contract. The futures price should be
• 9:56
  markedly higher than the spot price, which it is not right now
• 10:00
  because we are in a screwy world and we got the SAS.
• 10:02
  Remember the SAS sass we invented that US basement
• 10:07
  dwellers, right? Sulfuric asset, sulfuric acid,
• 10:11
  silver squeeze, those are the kind of fun things we do down
• 10:15
  here in the basement, including you being here.
• 10:16
  Your time is important. We appreciate you being here.
• 10:18
  On behalf of Upstairs, Susie and myself, thank you.
• 10:21
  Please subscribe to the channel, give the video thumbs up, leave
• 10:25
  a comment in the comments section.
• 10:27
  Those three things are all free and we appreciate you being
• 10:31
  here, right? Being part of this community.
• 10:32
  We call ourselves basement dwellers.
• 10:35
  OK, Now, Pierre Lasson, guys, we got a lot of great stuff to
• 10:39
  cover today. Pierre Lasson, he, he created
• 10:42
  that company, Franco Nevada. He's like the God of gold and
• 10:47
  silver. Let's listen to what he says
• 10:50
  because he's talking about $25,000 gold.
• 10:55
  But the reason why makes total sense and we can feel right.
• 10:59
  And that's what, like 5 times higher than where we are.
• 11:02
  Without further ado, I want to play this clip for you from
• 11:07
  Pierre Lassan. Here he is right here on your
• 11:10
  screen. Let's give him full screen
• 11:12
  treatment and we're going to listen to him for about 40
• 11:15
  seconds. Here is Pierre.
• 11:17
  There's no doubt in my mind that gold is coming back into the
• 11:22
  global financial architecture and it's coming back in a big
• 11:26
  way now. You know, the scary part to some
• 11:30
  extent is if 1% of world savings is shifted back into gold, for
• 11:37
  example, you're going to see gold at $25,000 simply because
• 11:42
  there's only 221,000 ton of gold on the planet.
• 11:46
  That's all the gold ever mine that you know is still there and
• 11:52
  you know it. You, you cannot create it like
• 11:55
  you know, you can create cryptocurrency.
• 11:57
  You just add, you know, create one more, one more, one more.
• 12:00
  No, no, gold is a fixed supply. It's the ultimate monetary asset
• 12:05
  because of that. OK.
• 12:09
  Does that make sense? Yes, that makes total, total
• 12:13
  sense, right? It's coming back in a big way.
• 12:15
  Only 1% of the world's savings, 1% goes into gold.
• 12:22
  We get 25 thousand $25,000 per oz gold.
• 12:27
  Now what he said before that he talked about Tether gold, XAUT
• 12:32
  tokenization of gold, which is guys, it's going to be whether
• 12:36
  you like crypto or not, this is huge.
• 12:38
  The company Tether that, that that owns the, the XAUT created
• 12:44
  Tether gold, the tokenized gold not, not not digital gold,
• 12:48
  tokenized gold where each one token is backed by 1 ounce of
• 12:53
  real gold and a vault in Switzerland and it's being
• 12:56
  audited by a BIG4 accounting firm.
• 12:59
  This is real. And right now Tether is the
• 13:02
  biggest buyer of gold outside of world central banks.
• 13:07
  You don't have to like blockchain crypto.
• 13:09
  That's up to you. No, I'm not going to argue that.
• 13:12
  But what you can't argue is that Tether is buying.
• 13:15
  They're investing in gold mines, they're investing in royalty
• 13:19
  companies. They're buying physical gold.
• 13:21
  This is in the same thing is going to happen for silver as
• 13:25
  well, OK? It's going to be like when the
• 13:27
  ETFs were created, when back, I don't know what 15 years ago
• 13:31
  created a massive wave of demand for silver, physical silver and
• 13:36
  gold. And it's more and more people
• 13:38
  around the world abandoned the US dollar and want to go to
• 13:42
  gold. Look, there are some benefits to
• 13:44
  tokenize gold. You know, it's stored in a vault
• 13:47
  in Switzerland. It's audited.
• 13:49
  It's real. You can carry it with you
• 13:51
  anywhere in the world on a, on a phone, don't you know, don't try
• 13:55
  to get on an airplane with 1000 ounces of silver or 1000 ounces
• 14:00
  of gold. Again, I'm not arguing with
• 14:01
  anybody about crypto, blockchain, any of that.
• 14:04
  But the facts are right that that's growing any even outside
• 14:08
  of that, like he said, 1% of the world's savings in gold alone.
• 14:15
  Imagine what it would do to silver.
• 14:16
  We'll get to that later. Would create a gold price of
• 14:20
  $25,000 per oz because nobody's in gold and silver and you know,
• 14:25
  it's been a week. Sheep noise warning, right?
• 14:27
  Nobody, right, That other 99% of people when they start to wake
• 14:33
  up, when they, when they go to the grocery store in a gallon of
• 14:35
  milk in the United States cost them $12.00 instead of $5, which
• 14:40
  is already ridiculous now, right?
• 14:42
  They're going to go to gold and silver, right?
• 14:44
  Those people, we like to affectionately refer to them as
• 14:48
  the the sheeple. Right.
• 14:52
  And some of them are starting to wake up.
• 14:54
  They're going to Costco, all that great stuff.
• 14:56
  OK, let's move on. Peter Karrath.
• 14:58
  Oh, I thought I had my mic off for a second.
• 15:01
  Hopefully you guys can see me and hear me.
• 15:02
  I see you, basement dweller. Yeah.
• 15:05
  I envision you with your big pile of silver and gold all
• 15:08
  around you. But let's go to Peter Karrath.
• 15:11
  Peter Karrath has a great. I got another clip for you.
• 15:13
  He is the. He wrote the.
• 15:15
  He wrote the basically not a religious statement, but the the
• 15:19
  Bible of silver. Where is it?
• 15:21
  Here it is right here. This book, right?
• 15:23
  The great silver bowl. I think it was a best seller by
• 15:26
  Peter Koroth. Unbelievable book about silver.
• 15:30
  Super respected guy. He's talking about $50 silver,
• 15:36
  but there's a happy ending. Let's go see what Peter has to
• 15:40
  say. And then we got a lot, lot more
• 15:42
  to cover. Man, we are just barely through
• 15:44
  this guy's. You having fun yet?
• 15:48
  Silver's long term case remains compelling.
• 15:51
  Here's a tweet from him. He's got an interview.
• 15:54
  He joined mining. Rob Tyson on Dig Deep Mining.
• 15:57
  Here's a short clip. Let's listen to what Peter has
• 16:00
  to say about silver. We'll give him full screen
• 16:03
  treatment and here we go. I would say the next three to
• 16:07
  five years we're going to see silver continue to climb.
• 16:10
  We've been through a pretty wild phase in the last several
• 16:12
  months. If anybody hasn't paid
• 16:13
  attention, you know, as I I've said before where the price has
• 16:15
  gone. So we're in a bit of a cooling
• 16:16
  off period, but I don't think that we're you know, there's
• 16:19
  always a chance. I think at the very least $50
• 16:22
  will will likely or unlikely go below it's sorry below that
• 16:25
  level. I think that was a technical
• 16:27
  breakout, a 45 year breakout. We could go below.
• 16:30
  I don't think it would be by much and I don't think it would
• 16:32
  last very long. That would be pretty extreme.
• 16:34
  So I think that is an absolute new floor and I actually think
• 16:36
  that more more realistically, more reasonably in the sort of
• 16:39
  55 to 6570 ish, which is worth 70 ish as we speak.
• 16:43
  I think that's more of of a of a new floor at this point.
• 16:46
  And I think we could see triple digits again late this year or
• 16:48
  early next year once again. OK, what he's telling us all
• 16:53
  right, Maybe we don't want to hear it right, but Silver isn't
• 16:56
  a cooling off period. Haven't we been cooling off for
• 16:59
  a while though? I mean it, it's been what two, 2
• 17:02
  1/2 months where we've consolidated, where we've, we've
• 17:06
  talked about this many times. The key number in my mind right
• 17:09
  now to remain in this bullish phase is 72 dollars, $72.50.
• 17:15
  We've got the 200 day moving average giving us support.
• 17:19
  We've got everything going on. We've got the SAS, right, The
• 17:22
  sulfuric acid, sulfuric acid, silver squeeze in our backs, at
• 17:28
  our backs. But what Peter's saying, right,
• 17:30
  it's been a wild period of cooling off.
• 17:32
  We did break out, let's not forget of a 45 year cup and
• 17:37
  handle pattern, which is the most reliable, the most watched
• 17:42
  technical pattern, technical analysis pattern, right in the
• 17:45
  history of the world. I don't see us getting back.
• 17:49
  I'll tell you right now, now if we get the 40 to I don't you can
• 17:52
  you guys can come up with a punishment for me.
• 17:54
  I don't know that I do a live stream with my shirt off,
• 17:57
  Whatever you come up with, fine. I don't see us if we get a
• 18:00
  silver price number that starts with the number four, OK, and
• 18:06
  it's not 400 and it's in the 40s.
• 18:09
  Two things. I'll be backing up the truck
• 18:11
  buying silver at that point. I cannot see that happening
• 18:16
  under almost any circumstances this year.
• 18:19
  Could I be wrong? Absolutely, but I'm usually on
• 18:22
  this one. I'll say I'm like 9498%
• 18:27
  confident that we are never going to see a silver price that
• 18:30
  starts with four until we get to the Magic 400 number.
• 18:37
  And some big analysts like Michael Oliver, who is also
• 18:41
  super respected guy is talking about the potential for for a
• 18:45
  move like that this year. Maybe it'll be the SAS rally.
• 18:50
  Are you feeling sassy? Sulfuric acid silver squeeze?
• 18:54
  I am OK. I'm telling you, these things
• 18:57
  don't. These, these, these big events
• 18:59
  that happen, excuse me, these big events that happen always
• 19:05
  come out of left field. They don't come because of cot
• 19:08
  reports or charts or anything, right?
• 19:12
  What's gonna when Silver goes to its big, big, big move, big
• 19:16
  squeeze. And we don't need it.
• 19:18
  We'll be fine without it. But it would be fun, right?
• 19:22
  They come out of left field. Nope.
• 19:25
  Consider this. Here's an example.
• 19:27
  The great financial crisis. Almost nobody in 2006, 2007,
• 19:33
  what Michael Bury and a few other people were saying, hey,
• 19:36
  we're heading for trouble. Hey, we're heading for trouble.
• 19:38
  You know? No, I mean, nobody saw that
• 19:40
  coming. Nobody.
• 19:41
  Even what? Not Jerome Powell was the name
• 19:43
  Ben Bernack. The Federal Reserve guy was in
• 19:46
  front of Congress like just a couple months before the great
• 19:49
  financial crisis blew up. And he said we don't have
• 19:52
  anything to worry about. Everything's great in the
• 19:55
  economy, everything's stable, you know, no, we don't have to
• 19:58
  worry about these mortgage-backed securities.
• 20:00
  Don't worry about everything's fine, right?
• 20:03
  It's always something out of the blue.
• 20:05
  So be prepared. I'm optimistic.
• 20:07
  Are you optimistic? I think that you are right.
• 20:10
  OK, Now look if you believe in the future of the silver price.
• 20:14
  Big honor that we have First Mint as a channel sponsor of
• 20:18
  Ron's basement. Look, they are by far the
• 20:21
  premium retail experience for anyone out there wanting to buy
• 20:26
  physical silver. They're a silver exclusive mint
• 20:30
  in Las Vegas, NV. They're owned by First Majestic
• 20:35
  Silver, right? Keep Newmyers massive silver
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  mining company. So they literally mine the
• 20:41
  silver in Mexico, send it the lost Las Vegas, NV, where it's
• 20:45
  transformed into these world class silver bullion products.
• 20:50
  I'm going to pull one up for you here.
• 20:51
  Show and tell time like this. Their new one ounce liberty bar.
• 20:55
  Check that out. Absolutely stunning, beautiful,
• 21:01
  and then it goes directly to you.
• 21:02
  It's the freshest silver you can get, literally from the mine to
• 21:07
  the mint to you. Oh, and there's an added bonus
• 21:10
  when you buy silver from First Mint.
• 21:13
  It never gets touched by those sticky fingers right at the
• 21:17
  Comex or the LBMA. It's a spoof proof they can't
• 21:22
  spoof the price. You're taking silver literally
• 21:25
  from the ground to you and you can do whatever you like with
• 21:28
  it. Maybe you decide you want to put
• 21:30
  it in one of these, huh. A dirty man safe.
• 21:33
  Don't forget about them either. All right, Ron 10 discount code.
• 21:37
  These are these safes that you bury in the ground just like I
• 21:42
  got. Oh, thank you.
• 21:43
  Upstate. I thought at the end say hi to
• 21:45
  some people. OK, I will.
• 21:47
  Thank you. Everybody say hi to.
• 21:48
  That's the lovely and talented basement assistant upstairs,
• 21:53
  Susie, who communicates with me on this Rativas walkie-talkie
• 21:57
  must be from France. We only have high end stuff here
• 22:01
  in the basement. Don't you forget.
• 22:02
  Let me tell you something as well.
• 22:04
  I got a report from Google about you.
• 22:06
  Yeah, you. I'm talking to you, right?
• 22:08
  They did this analysis of our audience of the basement dweller
• 22:12
  community. And one of the key things they
• 22:14
  pointed out, sit down. They said something about you.
• 22:18
  They said that the audience in Ron's basement is quote, UN
• 22:21
  quote, highly sophisticated. So when you're at the Country
• 22:25
  Club later today, you can tell your friends that you were
• 22:29
  referred to as being highly sophisticated.
• 22:32
  What about the oh, the COMEX open their big mouth.
• 22:36
  The CME Group, I forget how it goes.
• 22:38
  The CME Group owns the Nymex and the Nymex owns the COMEX.
• 22:45
  You know, the paper market where they trade gold and silver.
• 22:48
  Let's go see what the COMEX had to say about gold.
• 22:51
  This really made some people mad.
• 22:53
  I don't know how you feel about this but they put out a tweet
• 22:56
  saying gold is breaking the mold.
• 22:59
  Other poets too. What do you know?
• 23:01
  Trading more like a risk asset than a safe haven at around
• 23:05
  $4700 per oz. With central bank demand surging
• 23:08
  and 2026 Fed rate cut buzz growing, our gold futures are
• 23:14
  make believe paper futures offer the capital efficiency in
• 23:19
  Fantasy Island that you need to trade your view.
• 23:22
  This made some people mad. I think the part that they said
• 23:25
  gold is trading like a risk asset yeah, gold's trading like
• 23:30
  a risk asset CME Group. If you do indeed want to protect
• 23:35
  your wealth from the gross the The gross effects of of dollar
• 23:42
  devaluation. What everybody else is calling
• 23:44
  the debasement trade, we called it the debasement trade for
• 23:48
  years before they stole our term from US basement dwellers.
• 23:51
  What about silver? The European Commission said
• 23:55
  something very the head, Ursula. Ursula said something very
• 24:00
  interesting and it all has to do with silver.
• 24:05
  Let's listen to what Ursula said and then let's talk about why
• 24:07
  this is absolutely man, we are in for some great, great times
• 24:12
  in the world of silver. Let's go out to Ursula.
• 24:16
  Let me find her. Here she is.
• 24:18
  Pull her up on screen. OK, you know what?
• 24:21
  We're just, we're not even going to read this.
• 24:22
  We're just going to give her a full screen treatment and listen
• 24:25
  to what Ursula says here and think about silver.
• 24:31
  So what we're seeing in the Middle East is not some distant
• 24:33
  crisis, but in a world in which everything is connected, the
• 24:36
  effects. Hold on, Ursula is talking too
• 24:38
  fast. Let me fix her.
• 24:39
  Slow down, Ursula. I think she might be.
• 24:41
  Yeah. Oh, boy.
• 24:42
  Somehow that got. We'll do her.
• 24:43
  We'll do her at 1.25 speed. See if we can understand her
• 24:47
  now. So what we're seeing in the
• 24:48
  Middle East is not some distant crisis, but in a world in which
• 24:52
  everything is connected, the effects are direct and they are
• 24:55
  immediate. And this is, as I said, the
• 24:57
  second fossil fuel crisis in just a few years.
• 25:00
  There's one thing that this all these events make clear, we are
• 25:05
  paying a very high price for our over dependency on fossil fuels.
• 25:10
  And the green reality for our continent is fossil fuel energy
• 25:13
  will remain the most expensive options in the years to come.
• 25:18
  But on the other hand, we also have assets, Europe has assets.
• 25:21
  We have the electricity that is produced in Europe from
• 25:24
  renewables and from nuclear. And therefore our strategy to
• 25:28
  decarbonize has not only been confirmed in the last years, but
• 25:32
  is growing in importance day by day.
• 25:35
  And our objective is very clear. We need to scale up the
• 25:38
  homegrown, affordable, reliable energy.
• 25:42
  This is the wide range of different renewables we have,
• 25:44
  but it is also, of course the nuclear because they.
• 25:48
  OK, guys, listen, this is very important.
• 25:52
  She's talking about decarbonizing Europe, OK?
• 25:55
  That means getting rid of oil and focusing on green energy.
• 26:00
  And she also mentioned a nuclear, which happens to also
• 26:03
  use a lot of silver. She's talking about silver,
• 26:07
  she's talking about solar, she's talking about immediate effects,
• 26:12
  right? And I'll only say it one more
• 26:14
  time, right? Like we talked about earlier,
• 26:16
  the immediate effects of what's going on from this war right
• 26:20
  now. And as we know, one of those
• 26:22
  intermediate effects is the sulfuric acid ban out of China,
• 26:26
  which could have major impacts on the silver market.
• 26:28
  That's a side note. Get back to what she said.
• 26:31
  Silver is the new energy metal. We've got another term, another
• 26:37
  acronym that we've coined down here in the basement, EE energy
• 26:41
  and electronics. That is silver is they're moving
• 26:45
  right to solar in Europe, right? That will again, create massive
• 26:50
  mass that the world is decarbonizing and moving toward
• 26:54
  green energy in a way like we've never seen before.
• 26:57
  Make sure I've got all my notes down on here.
• 26:59
  I mean, it's just incredible and and what's happening right now
• 27:04
  right in the Middle East is a is a catalyst type situation.
• 27:08
  But again, remember like we talked about earlier with the
• 27:11
  China sulfuric acid thing, things were already in
• 27:15
  unbelievable great shape when it came to the silver market, the
• 27:19
  actual imbalance and supply and demand, the physical demand for
• 27:23
  silver. At the end of the day, you can
• 27:26
  look at all this different stuff at the end of the day, it's
• 27:28
  really very simple, right? There's a mass more demand and
• 27:32
  for silver then there is a supply and the supplies actually
• 27:36
  again before the sulfuric acid thing.
• 27:39
  Phillips Baker, right, the ex CEO of Heckler mining the the
• 27:43
  United States biggest silver miner.
• 27:45
  He pointed out that since 2016, the amount of silver being
• 27:49
  produced by by by the world has been going down, down, down, not
• 27:53
  drastically in that at the very soonest that we could even hope
• 27:58
  that they could increase the amount of silver being produced
• 28:01
  would be the year 2030. But now we've got this major
• 28:05
  catalyst event, the war, right? And, and, and part of the war is
• 28:09
  the China thing, but part of the war also is Europe saying we got
• 28:13
  to get off carbon. We need to go to renewables.
• 28:15
  We need solar panels, right? We need to, we need to electric
• 28:19
  more, you know, update our, our electrical system.
• 28:22
  All of that is massive demand for silver in an environment,
• 28:27
  right where we know statistically hard data, right,
• 28:30
  that the amount of silver out there is, is going at being
• 28:34
  produced is going down, down, down.
• 28:36
  And that there was already a massive 6 years and a road
• 28:40
  deficit where the world was consuming more silver than it's
• 28:46
  producing. It's real.
• 28:49
  OK. And it's just being now like
• 28:52
  accentuated. I can't think of the words
• 28:54
  flabbergasting. It blows us away.
• 28:56
  What is going on out there right now?
• 28:59
  All right, guys, I got a you know what?
• 29:01
  I promise you I'll be back on tomorrow.
• 29:03
  I got we got. Wait, wait, wait, wait, wait,
• 29:04
  wait, wait, wait, wait. Hold on one second.
• 29:08
  Hold on one second. We got a super chat.
• 29:11
  Wow. From Sugar Mountain trading.
• 29:13
  Our friends over at Sugar Mountain trading.
• 29:15
  I love Sugar Mountain trading. See if I can read this.
• 29:18
  The silver squeeze is going to happen.
• 29:20
  Real physical demand has overwhelmed the paper market,
• 29:23
  and actual metal can't be delivered fast enough.
• 29:26
  Reduction in sulfuric acid supply further constrains
• 29:30
  available supply even more. Thank you.
• 29:33
  Sugar Mountain Trading. Yeah, we just talked about that.
• 29:36
  By the way, if you get a chance, check out Sugar Mountain
• 29:39
  Trading. They are a like a handmade soap
• 29:42
  company. They're in Kentucky here in the
• 29:44
  United States. They make soaps.
• 29:45
  They make lotions. I actually love the stuff here.
• 29:48
  Hold on one second. I got this one right here.
• 29:53
  Look, you're famous on the Internet.
• 29:54
  Sugar Mountain trading. OK, This is my favorite lotion
• 29:58
  in the world. I'm not a lotion guy.
• 30:00
  This is their cherry almond. And I'll tell you what it I love
• 30:04
  the way it smells. I've never used lotion in my
• 30:06
  life, but they sent some of this to me and I absolutely love it.
• 30:10
  So you can check them out. Sugar Mountain trading.com.
• 30:13
  Thank you for the Super chat. You are famous on the Internet
• 30:16
  today, but you're famous in real life as well.
• 30:19
  Hey guys, before we go the first ten people who tell me who go in
• 30:24
  the comments and tell me where you're joining from.
• 30:28
  I'm going to I'm going to read it out.
• 30:29
  OK, so go we got people all over the world.
• 30:32
  Remember silver and gold are universal throughout the entire
• 30:36
  planet. Uh oh, let's see.
• 30:39
  My comments aren't working. Ron, can you research the World
• 30:41
  Silver Survey? Yes.
• 30:43
  New Jersey. There's #1 Jimmy Blue.
• 30:46
  Tampa, FL, Canada, Amsterdam. Wow.
• 30:50
  Segway. Come Quebec.
• 30:52
  I went to Quebec if you're Florida, Idaho, man.
• 30:55
  El Paso, Singapore. Love Singapore like the richest
• 30:59
  country in the world. Norway, Massachusetts, Spain.
• 31:05
  Wow, awesome. Fairbanks, AK Florida, Illinois.
• 31:09
  Right next door to Missouri, Australia, Maine, SE Queensland,
• 31:14
  Australia. I got we got a lot of basement
• 31:16
  dwellers from Australia. Cop Northern Nevada, SE
• 31:20
  Australia, Queensland From his cow.
• 31:22
  Susie's on the couch. OK, I'll leave that alone.
• 31:25
  Vancouver, BC, Pennsylvania What this shows us, Washington guys
• 31:31
  is that we are part of a worldwide community of people
• 31:35
  that love precious metals. Indiana Awesome.
• 31:39
  South Africa, South Africa. My great grandpa was from South
• 31:42
  Africa. He fought in the Bora War Ohio
• 31:46
  silver just hit $79. Hey all right, Boise, ID, the
• 31:49
  United Kingdom love it. I love those Britannia coins
• 31:54
  Maine. All right guys, have a great
• 31:56
  day. Thank you for being part of this
• 31:58
  incredible community. Don't forget check out Sugar
• 32:00
  Mountain trading and their prices are really reasonable.
• 32:03
  Look, I love it. It smells so good and then it
• 32:07
  like I've never I love I didn't put it on my face.
• 32:10
  I don't know if I'm supposed to. Susie says you're not.
• 32:12
  I don't know. But, OK, we got 199 thumbs up.
• 32:19
  We'll ring the bell. All right, You let me know when
• 32:25
  we get it. I'll stop ringing the bell.
• 32:26
  Susie, I work for. I work for this person upstairs
• 32:32
  suit. OK.
• 32:33
  All right, guys, have a great day.
• 32:34
  Don't forget. Please subscribe.
• 32:36
  We want you to come back to the channel.
• 32:37
  We're on a wild, fun ride in the world of precious metals.
• 32:41
  Take care of yourself #1 be good, OK?
• 32:43
  And I'll see you. Yeah, I'll see you next time.
• 32:46
  Bye. Bye.