Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡$450 SILVER⚡- You Best PAY ATTENTION to This! 🔴 (Gold Price Also)

Transcript

⚡$450 SILVER⚡- You Best PAY ATTENTION to This! 🔴 (Gold Price Also) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
We've got a major warning from Elon Musk and it does have to do
0:05
with the silver and gold market. But first let's talk about $450
0:11
silver, possibly even higher. Are we under pricing ourselves?
0:16
Guys, I know yesterday was terrible.
0:18
We're going to talk about that and talk about by why maybe
0:21
right, us basement dwellers, us here together this morning, why
0:25
maybe yesterday wasn't so terrible for the silver market.
0:29
But first, thank you for being here.
0:30
Thank you for being part of the basement.
0:32
Basement dwellers, if that's how you choose to refer to
0:36
yourselves whenever you call yourself, you're welcome here.
0:39
Thank you. Please subscribe to the channel,
0:41
give the video. Thumbs up, super chat, super
0:43
thanks. I super appreciate it.
0:45
Let's get into some big news about silver from an Irish man
0:49
and right, the guy who I think is the Crown Prince, the king of
0:54
precious metals, Rick Rule. Let's dive right into what we're
0:59
always, well, we're always being mistaken, right?
1:02
We always think that like, oh, silver, what, what's the gold to
1:05
silver ratio right now? 80 to one roughly.
1:09
It's gotten as high as 90 to one.
1:11
Can you believe that? 90 ounces of this, right?
1:16
That came from our friend Jake, from Jake's Custom Parts. 90
1:19
ounces of silver to get one ounce of gold.
1:22
It's ridiculous, absolutely ridiculous.
1:26
Would you agree with that? I don't think anyone would not
1:30
agree with that. However, if we look back over
1:33
history, I'm telling you, the Polyphonesians, they were really
1:36
ticked off. But what does that have to do
1:38
with the silver price Today? I'm going to tell you because
1:41
our friend in Ireland, Mr. P, Mr. Pierce, sent some
1:44
unbelievable research. Let's dig into this 1st and look
1:47
at this gold to silver ratio throughout history.
1:52
Look make gold great again. One of my favorite people out
1:56
there on X put this out there today.
1:59
We mine silver at 7 ounces of silver come out of the ground
2:04
for each one ounce of gold. And then, well, it becomes
2:08
historically embarrassing. But guess what?
2:12
Mr. P over in Ireland is gonna is gonna take take is gonna
2:17
challenge what make gold great again says here.
2:20
And it's good for you as a silver.
2:22
Good for us, not you, us as silver and gold investors.
2:27
Let's go take a look though at this at this historical chart.
2:30
Isn't this funny, right? One to three, one to nine in
2:35
Egypt, one to two. This is the historical gold to
2:39
silver ratio. Back when Plato, remember Plato
2:42
when he was around, right? It took 12 ounces of silver.
2:46
Only 12 today takes 80 roughly ounces of silver to get one
2:50
ounce of gold. In England, it was 11:00 to 1:00
2:53
not that long ago. What about 800 years ago?
2:56
824 years ago, I think to be exact.
2:59
Look down to the lower left, Italy, one to 8 China in the
3:04
year 14 hundred, 624 years ago there they had it, right?
3:10
It took 7 ounces of silver to get one ounce of gold.
3:13
Then we go all the way down here to the bottom right.
3:15
OK, clown world. That's where we Live Today.
3:19
One ounce of gold will cost you 91 ounces of silver.
3:24
But even more recently, right, in the 1600s, it was 12 to one.
3:28
Even in the 1700s, it was 15 to one.
3:31
Now what's fascinating about this is if we look at what is
3:35
going on right now and again, we need to we, we got a good friend
3:39
over in Ireland. OK, Mr. P sent me this, this
3:43
fascinating piece of research that he did.
3:46
He says silver is not mined at 7:00 or 8:00 to 1:00 anymore.
3:52
And I often say, you guys know when we're down here talking to
3:54
baseball, say there's like 7-8, maybe 10 to be conservative
3:58
ounces of silver for each one ounce of gold.
4:01
And Mr. P took me to the carpet on this one.
4:04
He points out silver mined in 2024 is calculated by the Silver
4:09
Institute to contract by 1%. So we're talking about 823
4:14
million. This equates to 23,346 metric
4:19
tons. So that's how much silver is
4:22
being mined this year. Wait till you hear this guys.
4:24
In 2024 forecast for mine gold however, is expected by the
4:29
World Gold Council to increase by 4% / 2023 to almost 3800
4:38
tons. Let me make sure I got you on
4:40
the right screen. I do.
4:43
OK, so this year roughly 23,000 metric tons of silver will be
4:48
mined for and and gold there will be 3800.
4:52
So it's easy to figure out this ratio.
4:54
So what's the mind silver to gold ratio when you divide the
4:58
23,000 tons of silver by the almost 4000 tons of gold and you
5:05
get 6.1621. And he points out as silver or
5:10
grades fall, the ratio will soon be under 6.
5:14
So based on his research, we're looking at just 6 ounces of
5:18
silver being produced for each one ounce of gold.
5:21
And remember, silver is still a monetary metal, right?
5:25
It's we talked about this. It's the schizophrenic metal.
5:28
It's half monetary, half industrial.
5:31
But what makes it even more incredulous is this idea that
5:37
half of that silver, half of those 6 ounces of silver that
5:41
are being mined, right? For each one ounce of gold,
5:44
three of those ounces of silver are being consumed.
5:47
We don't even know how much the military consumes, but we know
5:50
that solar panels, electronics, you know, that whole story.
5:53
Now, he does put on this important note.
5:55
The world got World gold Council shows Tony's, Tony's.
5:59
How do you pronounce that? I don't know in their chart
6:02
labels and this spelling is normal.
6:04
Conventional reflects metric tons or 1000 kilograms.
6:08
If the charts use tons, which is what I think we use in the US
6:12
and England, this could equals to US tons or even imperial UK
6:17
tons and the calculation would be quite different at US tons.
6:20
It would be, but it would still be less than 7 to 1.
6:23
So how do we get to $450 silver guys, Real, real simple.
6:29
OK, if you take today's and let's go check, hey, what do you
6:33
say? Let's do an update.
6:34
Let's go check the silver and gold price, see how things are
6:36
going and see how we calculate $450 silver.
6:40
This is not updated. So everybody take a deep breath.
6:43
See that little gold triangle there?
6:45
That's the Pembacs magic button. We're going to get an update.
6:48
And OK, silver's up 19 cents. Boy, it's moving all over the
6:52
place $33.87 Come on silver, we need you to go up.
6:57
We do not want a red number by the end of this video live
7:00
stream. We will come back.
7:02
But if you take gold at $2700 and divide it by 6, that would
7:09
be a six to one right? Gold to silver ratio.
7:12
The price of silver would be at $450 even if you take that $2700
7:21
and divide it by 7, OK, the more conservative estimate, right?
7:25
And that's shrinking, by the way, it's heading to six.
7:28
But nonetheless, you get $385 to get a 7 to one gold to silver
7:35
ratio, right? The conservative estimate of how
7:38
much gold is being mined relative to today, right now,
7:42
how much silver is being mined and don't forget that silver is
7:46
being consumed. But what does Rick rule?
7:48
I was listening to Rick rule last night.
7:50
He said some things. This is this is critical for us
7:54
to remember about silver. And the reason why is that there
7:58
are so many unbelievable, like just unfathomable factors
8:05
supporting the silver price right now.
8:07
And a lot of these guys that are both in depression, all the
8:10
precious metals are saying that silver is just incredibly
8:15
undervalued right now. There's no there's still even
8:17
today, right? Even today, now, reminder, 75%
8:23
of silver is a byproduct of copper mining.
8:26
Remember this though, the new copper deposits in the world,
8:31
copper's becoming very popular. Like hardly.
8:34
There's hardly any pure silver mines out there in the world.
8:37
There are some, no doubt about it.
8:39
But 75%, think about that of the silver, right?
8:44
75% of this Oz game is a byproduct, an afterthought right
8:53
from copper mining. But but the reason that's
8:57
important to remember is because the new copper mines that are
9:01
being developed in the world, the new copper deposits that are
9:05
being found, I heard Ross BT say this.
9:08
He's another one of the royalty of the silver and gold world.
9:11
Ross BT said that the new copper deposits don't have as much
9:16
silver because they're deeper, right?
9:18
The old, the easy to get copper had a lot of silver that existed
9:22
with it. So it was this great by product.
9:24
The new copper is deeper and guess what, buttercup?
9:29
There's not as much silver with it.
9:31
OK, that's important because 5-10 years from now, right, when
9:35
we know what's going to happen with silver, 75% of the of the
9:40
of the supply that's coming from byproducts, it's a byproduct
9:45
from other mining. It's not going to go away
9:47
completely. I'm not saying that.
9:48
No, you know I'm not. We're not living in fantasy
9:50
world. Everybody else's.
9:53
I'll show you a fantasy world. Welcome to Fantasy Island.
9:59
OK. Yeah, right.
10:01
But we're going to have more and more constriction on the
10:04
Silver's by now. Rick Rule said some other things
10:06
that are very great as well. But I got to tell you, we got a
10:09
special guest today. I was thought about this this
10:11
morning. Did you?
10:13
Does this happen to you? I seem I seem to have my best
10:16
thoughts when I'm getting out of the shower.
10:18
I don't know why my mom always said take a shower every day.
10:22
Take a shower every day, right? And you know what?
10:24
It's true. I never regret.
10:26
Anyway, I was thinking this morning I got a special guest on
10:28
this live stream today. OK, you know who that is?
10:31
You know that's it's you. Thank you for being here.
10:34
Now back to Silver basement dweller.
10:38
Back to silver, OK here people don't take into account Rick
10:45
Rule said this. People don't take into account
10:48
history when they think about the silver prices.
10:51
OK, we just went over the historic gold to silver ratio.
10:55
Where we are now is insane. OK, enough of that cut, but
10:58
that's one example of history. The other example that Rick Rule
11:02
pointed out was the 70s silver went from $1.50 to $50 per oz.
11:08
And I'm telling you guys, why is that important?
11:11
That's super important because where we are right now is not
11:15
only very similar to the 1970s, and I can say that because I was
11:21
born in 1970, I remember the 70s.
11:23
Not only are things similar right now to maybe disco's going
11:27
to come back, who knows? No, seriously, on a, on a
11:31
fiscal, monetary, geopolitical level, things are very similar
11:35
right now to the 1970s. OK, that's, that's key.
11:39
But on top of that, guess what? Things are even worse now.
11:44
We've got more debt, debt to GDP, we got more geopolitical,
11:48
things are worse right now. We got worse stagflation coming
11:52
our way and inflation. So when you think about the
11:54
1970s when silver went from $1.50 all the way to 50, right,
12:01
Went up. I don't know.
12:02
I think I've done the math before.
12:03
Whatever it is, somebody can do that.
12:05
Divide 50 by $1.50. It's it's at least probably is
12:10
it almost 30 and it's great. Yeah.
12:12
Anyway, silver went up big time, let's just say that.
12:16
And we're in a more. But then he also points out 2001
12:20
to 2011, right? People forget about history when
12:23
it comes to that. Wasn't that long ago now.
12:25
I definitely remember that right.
12:27
I remember that when the tech bubble burst, all those people
12:31
that bought pet stock com and all those crazy stocks that were
12:35
wound up being worth nothing. Maybe kind of like what's going
12:39
on right now with parts of the tech sector, but we won't go
12:42
there from this is history lesson.
12:44
From 2001 to 2011, silver went from under $5 to again over
12:51
$50.00, right. Those two points, remember
12:54
that's the, those are the two high points on the cup, on the
12:57
cup and handle. OK, so people don't talk about
13:00
history, but Rick Rule and he loves to bring this up and I
13:04
love when he brings it up because it's music to our sweet
13:07
ears, right? We love, we love to hear this.
13:11
Nor do they take into account the minuscule amount of money
13:15
invested in precious metals, right .5%, not 1%, buttercup.
13:21
Nope, not even one out of $100.50 out of every $100 in the
13:28
in the in the world in the West right are invested into precious
13:33
metals and precious metals oriented investments.
13:37
OK. The historic mean if I remember
13:40
what Rick Rule says is around I hear different numbers, but he
13:43
says around 2%. That alone just to get back not
13:47
not to have a bubble, not to have a mania, just to get back
13:53
to the long term average of 2%. That would mean four times the
13:58
amount of money coming into hey, thank you, Don, good to see you.
14:03
Thank you for the Super chat. Super chats really touch me.
14:06
Thank you, Don help support the family, help Susie get to buy
14:10
sodas when we go out to eat, which is about once every 4 1/2
14:13
weeks. Thank you, I appreciate that.
14:16
All right now, now, now, now. Okay, so that's Rick roll quick
14:20
review. OK, people don't take history
14:23
into account. The gold to silver ratio.
14:25
What happened in the 70s? What happened in the from the
14:27
early 2000? I almost forgot this inflation
14:32
adjusted. OK, If we wanted to, if we
14:35
adjusted those past $50 highs and silver inflation adjusted,
14:41
right, the new high for silver that we're going to be if we
14:44
it's going to be over $100. OK, So buckle up buttercup.
14:50
What about the silver miners? Let's just take a look at that
14:53
because this shows us that we really have not yet seen money
14:59
coming back into the sector. This is from our friend Grad he
15:03
commodities TA super, the silver miner ETF.
15:06
OK, this, that tracks all the silver miners is breaking out
15:09
hugely. He said they bought at the
15:12
Lowe's. I guess he has some kind of
15:13
service. But let's look at this chart,
15:15
OK, This goes all the way back to 2011.
15:18
Look how high the silver miners were.
15:20
The silver miner ETF got up to around $80.00.
15:24
It got all the way down to 20 earlier in this year.
15:28
And now guys, and there's that that Big Blue downtrend line.
15:32
Now it is breaking out and that will bring much, much more
15:38
interest, much more attention to the silver market when these
15:43
silver miners, when they move, Buckle up, buttercup.
15:46
I'm not joking. They've started to move.
15:48
Who knows, maybe they'll pull the rug on us again.
15:50
But when they they'll go up to 345 times.
15:53
Don't make any financial decisions based on anything I'm
15:56
saying. I'm just telling you about
15:57
history and historically. The silver miners can explode,
16:01
OK? All the miners are due to
16:04
explode, OK. But again, I'm not giving
16:07
financial advice that I will tell you I eat my own cooking.
16:10
I own a lot of precious metal mining stocks.
16:12
I own silver and precious metal mining stocks.
16:14
I own one here that happens to sponsor the channel First Mining
16:18
Gold. They're a gold developer with
16:19
two multi million ounce projects in Canada.
16:22
I own Fortuna Mining, they're a gold and silver mining company.
16:26
They're actively mining. They have operations in Latin
16:29
America, silver and gold, and West Africa.
16:32
You can learn more about each of those companies at their
16:34
respective websites. I'm not giving financial advice,
16:37
but I do personally own both those stocks.
16:40
I'm never going to be a sponsored by a company that I
16:44
don't either do business with or that I own, right?
16:48
OK, so if those stocks go down and they can stocks are risky,
16:52
OK, And they can go up, which is fun, but they can go down, which
16:56
is not too fun. You can rest assured, right?
16:58
I'm right there with all the other stockholders either happy
17:02
or sad. I love that saying.
17:04
I eat my own cooking. Welcome to Ron's restaurant, Ron
17:08
Burgers. By the way, you can ask Susie in
17:11
the chat. I make the best hamburgers in
17:13
Saint Louis and ribs. But I digress.
17:16
My cooking channel has yet to take off.
17:20
Or my precious metals channel. No, we're going crazy.
17:22
We got 800 people in the basement.
17:24
Woo Hoo. Thank you for being here, guys.
17:26
Let's ring the bell early. All right, That's for you, Jake.
17:30
I hope you feel better, Jake from Jake's Custom Parts.
17:32
Thank you to all the moderators. We got a great team of people
17:35
that moderate Jake from Jake's Custom Parts, Annie Oakley and
17:40
Big 10, the Silvershire, and of course the lovely and talented
17:43
Susie Silver Susie, who I happen to be have the privilege of
17:48
being married to for almost 20 years now.
17:52
Where was I? Oh, yesterday was horrible.
17:54
Let's talk about and we're going to talk about the price of
17:57
silver. It got clobbered.
17:59
It was the dollar. We talked about that.
18:02
Hold on, it was consolidate. That's right, it was
18:04
consolidation. Let's go look again at Pembacs
18:07
and see we were up so good this morning.
18:11
I tell you what, they love to play with our heads, don't they
18:14
guys? Come on, silver, OK, we're up
18:16
$0.24. That's better than being up
18:19
$0.19. But yesterday was consolidation
18:22
day. Think about all the people that,
18:25
I mean, silver really shot up. So it was normal to come back,
18:29
man. And even though we know that
18:30
isn't it hard to deal with like down a dollar, it just kind of
18:34
breaks my little heart temporarily, right?
18:36
Knowing though, that as long as we stay above 3250, that's the
18:40
key. And we're going to look at our
18:42
friend Jesse Colombo and see what he has to say.
18:46
And then we're going to do something very interesting about
18:48
the silver price in Europe in the euro, which I'd never, ever,
18:53
ever heard of or thought of before.
18:56
But Jesse has this excellent, he he has a sub stack the bubble,
19:01
bubble report. This guy is growing like crazy.
19:05
Here's what to watch for after silver's big breakout.
19:09
Silver 7% surge on Friday signaled the start of the next
19:13
leg in the bull market. Now what now?
19:16
Well, we want to know Jesse, and he's going to give us the
19:19
reasons why and examples of what we need to watch it.
19:21
Here's what you should watch closely moving forward.
19:24
OK, so he talks about, we'll just read this first paragraph
19:28
and then we'll go into the yellow because that's really
19:30
important. But silver broke through key
19:32
technical levels I've been monitoring and writing about.
19:36
He put out reports on the upcoming silver bull market and
19:39
why it would likely evolve into a silver squeeze and and we
19:45
haven't had that yet guys. We have not had this silver
19:48
squeeze yet. This is so I'm going to give you
19:51
the reason why. Then we'll get back to Jesse.
19:52
No more Ronnie all Jesse. The reason why it's so
19:55
important, we have this massive silver short position on the
20:00
COMEX in the LBMA, paper shorts, whatever you want to call it,
20:04
but it's like somewhere between 300 million and 600 million oz
20:07
that are going to need to be bought back at some point.
20:10
And we haven't had that. We haven't had the silver
20:14
squeeze yet. It's like you got that in your
20:16
back pocket. The silver price has that in
20:19
their back. The silver price has two key
20:21
things and it's back pocket. Number one is the silver squeeze
20:24
that could result from the big short position that needs to be
20:28
covered. You know what else they have in
20:30
their back pocket? Western investors coming back,
20:34
right? People starting to buy the
20:35
SLVETF. Although I don't like it, I
20:38
don't agree with it, but nonetheless, that will create
20:40
more demand for physical silver that the world silver suppliers
20:45
just can't meet. The only there's one thing that
20:48
fixes it. Do you know what the one thing
20:51
is that fixes the silver shortage?
20:53
The silver squeeze. Only one thing, buttercup.
20:57
It starts with P price when the price gets so high.
21:03
So here, here's and and then and then I get back to this article.
21:06
But here's what's so exciting. If we get the $45.00 silver and
21:10
we still haven't had the short squeeze yet, we haven't had the
21:13
shorts needing to cover those three to 600 million oz we get
21:18
that'll be when the short squeeze kicks in, when we
21:21
naturally grow up to and that's what was so great about
21:24
yesterday's $1.00 down day, right?
21:27
We went up, you come back, you retest, and then you go back.
21:31
When we get to $45 and they press the short silver, short
21:34
squeeze turbo button, that's when you wake up one day and
21:39
you're like, holy moly. And there's limits on how much
21:42
it can go up. I know that.
21:44
But in the matter of a short period of time, we go from
21:47
$45.00 silver to $84 silver. Yeah, you heard that right,
21:52
buttercup. And then we get to 450.
21:54
Like my title of this video said, those are numbers.
22:00
Those are, I'm sorry I yelled at you.
22:02
I apologize. Those are numbers.
22:06
Numbers, mathematic calculations.
22:09
It works, $450 silver, it works. I know it seems absurd, but
22:14
think about it, right? Silver went from Silver Surfer.
22:18
Thank you. Silver went from $1.50 to $50
22:23
per oz, right? And, and people say that about
22:26
gold during that seven 1970s period, like, well, you couldn't
22:28
own gold till 1975. So it was the market rebound.
22:31
OK, that's great. That wasn't the case with
22:33
silver. So yeah, it can happen.
22:36
Yes, it will be joyous. Yes, Silver Surfer.
22:39
And then we're going to get back to Jesse because this guy's got
22:41
something very interesting to say about silver in the euro
22:45
that we've never talked about. Never, right?
22:49
Not a repeater, never. OK, just Silver Surfer says I've
22:52
tracked consumer prices from 1969.
22:55
In 1970 rent on a three bedroom house was a hundred a month and
23:01
a DQ hamburger. I like DQ hamburgers.
23:05
Not as good as my burgers. You can ask Susie was $0.15,
23:09
hence 15 * 50 dollars. Silver is good.
23:12
Yeah, we love it. And that was the other thing.
23:16
Rick Rule said this yesterday as well, that the in the 70s, I
23:21
didn't know this. Well, you know what I'm going
23:24
to. In the 70's, the dollar lost 75%
23:27
of its purchasing power. Thank you, Silver Surfer, guys.
23:30
Go check him out, OK? He's a great guy.
23:32
Great contributor to the YouTube silver and gold community.
23:38
Back to Jesse, man, I got sidetracked.
23:40
I owe you an apology, you guys. You are my you are my special
23:44
guest. OK, Factors.
23:48
OK, in this update, I'll highlight several key factors
23:51
that everyone should watch to track Silver's progress, confirm
23:54
the ongoing validity of this breakout, and identify important
23:58
price targets to keep an eye on. This is the interesting yellow.
24:04
It's all interesting, but the yellow is what we're going to
24:06
talk about. Let's start with the most
24:07
rudimentary chart of all. We like rudimentary spot silver
24:11
price in U.S. dollars. As as as you may know, I've been
24:15
emphasizing the importance of the $32.50 level for months,
24:20
stating that silver's bull market would be triggered once
24:24
it decisively closed above it with strong volume.
24:28
On Friday, Silver knocked it out of the park with a 7% surge on
24:33
volume. OK, 7% surge above 3250, with
24:38
volume that was 50% above the average of the prior week.
24:42
Checkity, checkity, check, check, check, check, check.
24:45
We're checking all the boxes now.
24:48
Silver has broken above that level.
24:50
It is in a confirmed uptrend. Today's then.
24:53
This was yesterday. This is the pullback.
24:55
Today's 3.33 that was perfect. All threes percent pullback
25:00
doesn't worry me as silver remains above 3250.
25:05
That's what we've been saying too, which is now support or a
25:08
floor you can think of because guess what?
25:11
There's a lot of people out there.
25:12
They're thinking, uh oh, I missed the silver train.
25:15
If it gets back to 32 bucks, I'm buying.
25:18
I'm buying. OK, sophisticated investors,
25:21
general investors like us all over the place.
25:24
After such a sharp surge, a pullback is normal and expected.
25:29
We may see continued bouncing around for a few more days
25:33
before silver is ready to head higher.
25:36
OK, so there's the picture and we've seen this a zillion times,
25:40
but we'll look at it, right? There's that $32 that is now
25:44
that was resistance. We couldn't get through it, but
25:47
now. Oh, lordy.
25:49
I hope I OK. Yes, thank, thank you.
25:52
Now we've broken through. And is this not I got to draw a
25:55
picture. This is so much fun.
25:57
Let's get the Crayolas out. Because when you see this
26:00
buttercup, you're going to be happier than you already are
26:03
right now. What color shall we do today?
26:05
How about we do neon green? OK, this, it's in my book as a
26:12
as a as a basement technical analyst is an upside down.
26:17
Think of somebody standing on their head.
26:19
OK, here's the shoulder, there's the head, here's the shoulder.
26:27
And that is a very, very powerful chart pattern.
26:33
OK, you got the cup and handle. Remember I'll draw that.
26:36
That's not on here, but the cup in the handle, which we're about
26:40
right there. When that breaks out, that's
26:42
when we go to $6 million silver. What does that look like to you?
26:48
Use your imagination and don't say anything dirty in the
26:51
comments. This, what does this look like?
26:54
This is somebody standing on their heads.
26:56
Those are both very powerful chart patterns.
26:59
OK, I digress. Let's get out of there.
27:02
OK, there's something in here about the euro.
27:05
Oh, here it is, Ron. OK, we're going to highlight
27:08
that. What color you guys want?
27:09
You know, orange is my favorite color, and it'll kind of kind of
27:12
match to this thing that tells me I can get a paid
27:15
subscription. But hold on here, super simple
27:20
highlighter, we're going to go with orange, OK?
27:22
The other key level I've been discussing for months, I've
27:25
never heard of this is the €30 that's the price of silver in
27:29
euros when silver is priced in euros.
27:32
I closely monitor silver priced in euros.
27:34
And this is the reason why this is important guys, because this
27:38
approach removes the impact of the US dollar fluctuations.
27:43
Think about that the the silver price priced in Unicorn Park
27:46
does Fiat dollars, right, is affected by dollar price
27:50
fluctuations. Same thing with the euro, the
27:53
euros is, but that's all the other currency.
27:57
So we need to keep an eye on that to see that it stays above
28:00
key levels priced in other currencies such as the euro,
28:05
offering a clearer view of silver's intrinsic strength or
28:09
weakness. Notably, silver priced in euros
28:11
often respects round numbers like 2627 or 28 euros,
28:16
frequently establishing key support and resistance levels at
28:20
these points. On Friday, What happened to
28:24
silver? In euros?
28:25
Silver surged above the €30 level with gusto.
28:31
I like that word, Jessie. And the level is now the new
28:35
floor. As long as silver stays above
28:36
€30, it can fluctuate all she wants.
28:39
Or heat, whatever. You, however you decide to
28:42
assign gender to silver, I won't be concerned.
28:45
OK, so let's go out and check. This is the price of silver in
28:52
euros. See right here, €31.31.
28:56
What do they call them? Many euros, since I don't know
28:59
what do they call their, the things below a euro, euro, euro,
29:02
euro cents, I don't know. Anyway, €31.32 euro ETS 31.32 we
29:09
are above OK in euros and and and nicely above in euros as
29:15
well. So you know the price yesterday,
29:19
whatever, it's dunk. I almost used a bad word that
29:22
would have not been good. But the reality is technically,
29:26
we are still in great shape. We we need to.
29:30
I'm gonna say it one more time for us.
29:33
We will be very sad. I may shed a tear.
29:35
All right, look, you're like me. You love your family, you love
29:39
your friends, health, all that's most important.
29:42
But then there's silver. If Silver gets below $32.50, I
29:46
may need some help. I may need some emotional
29:48
support because I am so pumped up.
29:50
I think Jesse is too. I know Chris Marcus at Arcadia
29:53
Economics, by the way, Chris Marcus at Arcadia has a new sub
29:57
stack as well. I got links to it in the
30:00
description of this video, but everybody's so excited about
30:05
about silver $32.50. Remember that number?
30:09
That is key. Let's go check out and see what
30:12
Hey, it's time to head east. What do you say basement
30:15
dwellers, you want to go on a trip?
30:16
Let's go on a trip to the E 1st. Let's go check out pinbecs and
30:21
get an update on the silver price Come on baby.
30:24
I'm nervous guys, I'm going to press the yellow pinbecs magic
30:27
button here and oh, looks like we're even on silver.
30:33
OK, now now if you you could get silver right now a little bit
30:39
less expensive then we would have paid at the beginning of
30:42
this live stream video. Make sure I got you on there and
30:46
I do I want to say thank you to channel sponsor Pimbex Pi MB EX.
30:52
They make this possible guys, look gold, silver, platinum
30:58
group, no matter what you choose, you're going to find
31:01
ultra competitive pricing. But what I really like about it
31:04
is it's PMBEX is a one stop shop.
31:08
When I go, when I buy metals from PMBEX, I know I don't have
31:11
to search around, spend countless hours comparing
31:15
prices. I can read.
31:17
And then if I find a great price, some company I've never
31:19
heard of, I got to read reviews with pin backs.
31:22
To me. It's easy, it's simple.
31:24
I know I'm getting ultra competitive pricing, great
31:27
selection in a company that I know I can trust because I've
31:31
done 5 or 6 big transactions with them to me big, and
31:35
everything has gone off without a hitch.
31:38
And I know also because of the overwhelming positive response
31:42
emails I've gotten from all the basement dweller community that
31:45
you guys are as well. And that makes me feel great
31:48
about having PMBEX as a sponsor and supporting our community,
31:52
getting more metal, right, in the hands of the silver, gold,
31:57
platinum group metal stacking community.
31:59
And please, I try not to say this everyday, but if you or
32:04
somebody you care about or love, right, you care, there's people,
32:08
right? Yeah, if they're ever going to
32:10
convert in an IRA part or all of an IRA into precious metals,
32:15
take your time, shop around. There's a lot of big celebrity
32:19
endorsed companies out there. I'm not going to bash anybody,
32:22
but what I will tell you is be very, very careful.
32:25
There's no such thing as free $15,000 worth of silver, which
32:30
I've seen some of these companies, 10,000, it's not
32:33
free, it's coming out of your money.
32:36
OK, so take your time. If you ever go to convert an
32:38
IRA, talk to a lot of different sources.
32:41
At the end of the day, what you want to do, say you're going to
32:43
convert 40,000 into silver and gold, compare how many actual
32:49
ounces of silver and gold all your different options are going
32:52
to give you, get you for that amount of money, and then make
32:55
an educated decision. Please do yourself a fit if you
32:59
do that and at least consider Pembex.
33:02
Talk to the brothers Mike and Brian at Pembex.
33:05
I think you'll be shocked at what they can do for you.
33:06
OK, where are we now, Elon Musk? Did we get through all that?
33:11
Yes, and we'll talk about bricks here in a little bit.
33:13
Elon Musk gave a big major warning.
33:16
Guys, this is huge because this is what will drive the precious
33:21
metals price through the end of the year period, period.
33:26
It's inflation. But but let's see what Elon Musk
33:30
issued a major warning about because things are getting very,
33:35
very serious, OK? Elon says right here, this is a
33:42
crisis crisis and that is this. the US national debt increased
33:49
by almost 500 billion over the last three weeks alone and now
33:54
stands, we know that 35.8 trillion, that's $103,000,
34:00
seven, $103,700 of debt for every American.
34:05
This is unsustainable. America is in the fast lane to
34:09
bankruptcy. OK, I did some math and just in
34:15
the last three weeks alone, each American was is now saddled with
34:20
another an additional $1400 in debt.
34:24
OK, this is is not a good situation.
34:28
I want to say this about Elon Musk.
34:30
Love him or hate him, this is not a political show, but at
34:33
least that's the one person right now who is politically
34:37
involved, who is sounding the alarm about the fact that we
34:42
have a debt situation in this country which is leading us to
34:45
ruin. That's all.
34:46
I have a quick sip of coffee. And the reason why is because
34:59
eventually, eventually, we have the Minsky moment.
35:02
Moment guys, Who else? Who else?
35:05
Right, Paul Tudor Jones. You probably never heard of
35:08
them, right? He's he's, he's, he's, he's like
35:13
Paul Tudor Jones is, is like the most unknown guru of the
35:18
financial world. If anybody you can Google him
35:20
later. Super smart guy.
35:22
He was on CNBC. Listen to what he had to say and
35:25
what he had to say about silver and gold because it's very, very
35:30
interesting. OK, pro.
35:32
No, I don't want pro to keep asking me.
35:34
I want to be a pro. CNBC Paul Tudor Jones says the
35:37
market reckoning on spending is coming after the election.
35:42
We are going to be broke. Americans, my fellow Americans,
35:48
we are broke. OK, as a country, maybe not you
35:53
as an individual, hopefully you've taken some steps to
35:55
protect yourself. But what what, what's what?
35:58
You know? The founder, chief investment
36:00
officer of Tudor Investment, said he was worried that
36:04
government spending could cause a big sell off in the bond
36:07
market, spiking interest rates. What all this means guys, is
36:11
when this financial poop show, excuse my language, comes
36:18
undone, it is going to wreak havoc in the paper electronic
36:23
financial markets. It is going to be ugly.
36:26
He said he plans to not own fixed income.
36:28
That would be U.S. Treasury bonds and will be
36:30
betting against the long dated part of the bond market.
36:34
He says, quote, we will have a Minsky moment where all of a
36:38
sudden there's a point of recognition that what they're
36:41
talking about is, is fiscally impossible, financially
36:47
impossible. What these politicians are
36:50
talking about doing is impossible.
36:53
OK. Now he, he talks about gold as
36:55
well. All right, but let's go, let's
36:58
just for fun make sure that everything's still in line here.
37:03
Here we are. U.S.
37:04
National debt. OK?
37:05
Well, yesterday it was 777 billion.
37:09
Today it's 35 trillion, 780 billion, but again, we've been
37:15
keeping track of this, right? The dollar to silver ratio
37:17
continues to go up, continues here.
37:21
Let's let's go out and just take a look.
37:23
What is the date today? I put this together for you
37:25
guys. Hold on here, hold on here.
37:31
We got a little chart here it is.
37:36
OK, the dollar to silver ratio. So today's the 24th.
37:39
On the 21st, which would have been Monday, we were at 729.
37:43
Let's go see where we are today and let's update our chart
37:46
because this measures dollar to silver right there.
37:50
See my yellow for those of you the yellow circle, woo, it's
37:54
orbiting going into outer space like this ratio is the dollar to
37:59
silver ratio is now it's 741. That means for each one ounce of
38:03
silver that's being produced in the world, each one ounce of
38:06
silver being produced in the world this year for that one
38:10
little measly oz, OK, there are 741 U.S. dollars being created
38:17
through the US money supply. Maybe this will make it a little
38:21
more clear to you. For each one of these, one
38:24
ounce, that's a one ounce piece of silver.
38:27
There are 741 of these being created.
38:32
OK, let's go out and update our spreadsheet because we want to
38:36
keep track of this. We're having so much fun.
38:39
Tab tab shift 741 in real time. Guys, we are on top of it.
38:46
OK, where was I? Oh yeah, Paulson.
38:50
Let's just see what he did. I highlight anything here.
38:52
The question is, after the election, will we have a Minsky
38:55
moment here in the United States, in the US debt markets?
38:59
Will we have a Minsky moment where all of a sudden there's
39:02
this realization like that, like we're out of money, You know,
39:08
we're out of money. It'd be like, it'd be like if,
39:10
if, if, if you right, just wrapped up all, every piece of
39:15
debt that you possibly could, right everything credit cards,
39:20
home loans, home equity loans, buy now, pay later car loans.
39:25
I don't know, a grocery store every, you know, layaway every
39:29
and then all of a sudden you're like, you're at dinner with your
39:31
wife. You're like, you know what, it's
39:33
over. We can't do it.
39:35
And that's what he's talking about now.
39:36
What he also said, because I watched the interview, he says
39:41
neither of the presidential candidates are addressing this
39:43
and this is good. Why is that not good?
39:46
It's not good at all. But since it's the reality of
39:49
the situation, it's important. Why is it important for us right
39:54
basement dwellers, butter cups, whatever we want to call
39:57
ourselves, to realize what this means for our future?
40:02
Because it is scary. Super scary, OK, but that it's.
40:07
The reason why you hold physical silver why you maybe you hold
40:11
physical gold. Maybe the reason why because
40:14
baby the, the the wheels are going to come off the financial
40:18
bus. Let me let me give you a quick
40:19
visual, right? We only tried to bring him out
40:22
now about once every three days, but this guy is going to have
40:25
one option and it's this right, more paper money.
40:31
Look at that thank you Don indris.
40:35
Wait till you see what Don sent me later in this in this video.
40:39
I think it's one of the funniest things.
40:41
I don't know why I get a kick out of this we're going to share
40:42
it with you in a minute. Inflation is the only way
40:45
civilization ever. This is what Paul Tudor Jones
40:48
says inflation is the only way. Remember, we talked about the
40:51
history of the gold to silver ratio at the beginning of this
40:54
live stream video, how crazy it is now.
40:57
But the other thing that we know as a fact, guys, this this, it's
41:05
critical that we understand this, OK?
41:09
Because of this, because of recency bias since you've been
41:12
alive, since I've been alive, we've never really had a real
41:16
big financial reset. That's the fact.
41:20
We had the great financial crisis, we had the tech bubble,
41:22
we had the, the, the C19 deal, but we've never really had a big
41:28
financial reset, OK, period. And it's so important, right?
41:35
And the reason why it's so important that we realize that
41:38
these things do still happen. We've not entered a new, a new
41:42
reality. We're still living on Earth,
41:44
baby. We're still orbiting the sun,
41:46
right? The reason why it's so important
41:49
is because if we just look back at history, these resets do
41:53
happen, OK? And the only way, the only way
41:57
that countries have ever, OK, this is the reality of of
42:01
history, is to inflate away the debt, OK, Inflate it away.
42:06
All right, We talked about earlier, the United States has
42:09
done this a couple times. They did it when they revalued
42:11
gold, when Roosevelt confiscated everybody's gold in 1933.
42:16
And then they basically default. I mean, you know, the all big
42:19
argument, the United States did technically default on their
42:22
debt, OK, at one point. I digress.
42:25
But we've not had a major reset, OK, in the 1970s, right?
42:31
the United States, you know, do you realize this?
42:34
In the 1970s, this thing, the paper, because we were off the
42:39
gold standard, remember, Nixon took us off the this thing lost
42:42
75% of its purchasing power in the 1970s.
42:50
That's going to happen again. It's impossible for it not to
42:54
happen. We're in worse shape than we
42:58
were in the 1970s. I'm sorry.
43:01
I'm getting very excited about this.
43:03
People don't realize we are in worse shape fiscally, right?
43:08
The debt, all that stuff, right? We looked at that already.
43:11
We're in worse shape monetarily. the Fed can't do.
43:15
The feds been neutered, basically the feds not quite as
43:18
powerful as it used to be. And on top of that, on top of
43:23
that, we are in worse shape geopolitically.
43:27
The world is revolting against the United States.
43:31
There's a bricks conference going on right now in Russia,
43:34
right? We're getting all kinds of news
43:36
coming out from this thing and all of it is, is centered toward
43:41
we want to move away from the Western dominated United States
43:46
dominated monetary system because we're tired of getting
43:50
bullied. That's what they're saying,
43:52
right? Hey, I live here.
43:54
Don't forget guys. OK, look, right, I invested
43:57
heavily. I love this country and a self
43:59
waving American flag, right? But that's the reality of what
44:02
is happening right now. OK, let's talk about you want
44:07
some good news? Oh, Bank of America just
44:11
informed us of something very interesting.
44:13
Bank of America, where is it? Hold on here, but did I miss
44:19
something? OK, here we go.
44:20
Let's go to this one first. We got this is Are you ready?
44:24
Example, Let me go back. If you live in the United States
44:33
of America, I can tell you two things for sure, OK?
44:37
99% of the people that live in this country have no clue about
44:41
what's going on fiscally in our in our country.
44:45
Geopolitically, they're even more clueless, right?
44:48
Ask them about bricks and they're going to say, well, my
44:51
house is built out of white bricks or my house is built out
44:53
of red bricks. They have no clue.
44:56
And the US economy is in big, big trouble right now.
45:00
I know people that have got laid off from BIG4 accounting and
45:04
consulting firms like the big, the big Four, you know, whatever
45:08
they are. Deloitte, I used to work for
45:09
Deloitte, price water out those places.
45:12
I know a guy that that's in the construction supply business,
45:15
lighting, he said it's slower than I've ever seen.
45:18
I know one of our commenters I read last night works in like
45:22
the steel fabrication business. He's like, they're laying people
45:26
off and things are slower. Everywhere we look, we get
45:31
example after example B prepared because we're in a horrible
45:36
financial shape and the economy is slowing down.
45:38
Listen to what Bank of America This, this, this is a great
45:42
example of just how screwed up things have gotten in this
45:47
country. Where is it?
45:48
Here it is. No, I do not want to buy that.
45:51
Thank you for offering 20% of households making over $150,000
45:58
live paycheck to paycheck. OK, let's see if I can get this
46:02
to pull up full screen, which I can.
46:05
The share of households living paycheck to paycheck is highest
46:08
for lower income households. So this shows these are people
46:12
making under 50,000. These are people making over
46:17
150,000. OK, let's I mean, obviously
46:20
people making under 50,000, there's a higher percentage,
46:23
there's the percentage of people on the left hand side that are
46:28
making or that are living paycheck to paycheck.
46:31
Almost 30 now. These are the years to Blues
46:34
2019, red 2023, yellow 2024. Do you see year after year, more
46:42
and more people and all of these different income brackets are
46:46
lit, are reporting that they're living paycheck to paycheck, But
46:50
even at the $150,000, the high income are earners, OK?
46:56
They continue to show that they What does that tell us?
47:00
Oh boy, how do I get out of here?
47:05
Hold on, I know what I do. There we go.
47:10
There's always a way, I tell you what.
47:12
Now if we go down here and look at this chart, OK, in Q three,
47:20
2024, almost half of the respondents perceived themselves
47:25
as living paycheck to paycheck, OK, as here, here was the
47:29
question. Imagine I'm asking you this
47:32
question. Please indicate how strongly you
47:35
agree or disagree with each of the following statements about
47:39
your personal financial financial situation.
47:41
Quote, I'm asking you this question.
47:44
I am living paycheck to paycheck, OK?
47:47
This is starting in 2022. These are people in blue who
47:53
strongly agree and in red ads on the people that say they
47:57
somewhat agree. Do you see the upward
48:00
trajectory? Let's get the crayons out and
48:03
we're going to do green again because green is the color of
48:07
the day. All right?
48:08
Do you see this? Right?
48:11
That is, That's not good. Hold on here.
48:15
I always want to do my best for you guys.
48:17
There we go, a straight line. Do you see that?
48:22
Right? More and more people are
48:23
reporting that they're living paycheck to paycheck.
48:26
Are you living paycheck to paycheck?
48:28
I you know Susie and I have never lived paycheck to
48:30
paycheck, right? I've never.
48:32
I hate debt. If you're in debt, get out of
48:34
debt. I've always hated debt.
48:36
I have a degree in accounting. I work for a BIG4 accounting
48:39
firm. I understand money, OK?
48:41
Just like a musician understands how to read music sheets, I
48:45
understand how to read financial statements.
48:47
I'm telling you guys that I won't.
48:49
I don't preach often. I don't give financial advice,
48:52
but undoubtedly mathematically, to the extent that you can
48:56
minimize that, the more free you will be as a human being and the
49:00
more free and happy you will feel without that stress, and
49:03
you will have a chance to get ahead.
49:05
Hold on here. I'm getting emergency text
49:08
coming through. OK, 40 more thumbs up.
49:11
Susie told What? 300 guys, we need 40 more thumbs
49:14
up. Now this is where it gets
49:16
interesting. I've got the funniest thing.
49:18
You you're ready for a smile? Because we're going to see if
49:20
we're going to have the funniest thing you've ever seen coming up
49:23
here in one second. OK.
49:29
OK, all right, here we go. Let's go to Apple.
49:32
Let's go to see. This came from our friend Don.
49:34
Hold on here. These are the funny.
49:37
These are my favorite memes. This is not it.
49:39
That's the the the US currency. OK, Silver Express.
49:43
Thank you, Susie. And that's that's how the
49:48
anyway, those are the historic. That's not it.
49:52
That's you leaving the coin shop when before they realized that
49:56
you gave them paper for silver. That's Pippi, the silver cat.
49:59
That's from yesterday. There it is.
50:01
All right, guys, this is funny. This is this is, I mean, this is
50:05
America right now. This guy is asking Siri with
50:10
your current account balance, which Apple product can you buy?
50:15
And the answer that came back was apple juice.
50:21
I mean, isn't it true? That's what I mean.
50:23
The American people are running out of money.
50:26
It's sad. My kids, you know, I'm an
50:29
Android guy. I think Apple stuff is way
50:31
overpriced. OK, nothing against you if you
50:34
use Apple products. I know they're awesome.
50:36
My kids demanded that they get Apple iPhones for Christmas and
50:41
they're great kids. Since I bought, I buy used from
50:44
Amazon renewed. I told you that guys that many
50:46
times. But Apple stuff is expensive,
50:50
very expensive. But I'm a tight wad.
50:56
That's another way you can get you can get wealthier in life.
50:58
Be a tight wad or be what I like to call it resourceful.
51:02
OK, find ways, use coupons. I rarely go out to eat when I'm
51:07
not using a Groupon or a coupon. I remember I was I'd ended a
51:11
before I got so lucky to get married to Susie.
51:15
I was in another relationship and the one of the last thing
51:17
she said to me, I'll never forget this.
51:20
The last, I think it was the last thing she said to me was
51:23
and you always had to use a coupon when we went out to eat.
51:27
And I was like, you know what, good riddance.
51:29
Who cares? I'd rather go out to eat twice
51:31
with the same amount of money then double pay what I have to
51:34
pay. I love coupons, Susie.
51:36
And I just used one the other day that still bugs me now I've
51:39
shared this with you and I love Susie and I've, I've, I've
51:41
loosened up a little bit on this, but it used to really bug
51:44
me when I'd go out to eat and people would buy those $3 sodas,
51:48
you know, So I'm like, what a RIP off.
51:50
You can buy a whole 2 liter bottle.
51:52
Don't even get me started on going to Starbucks everyday.
51:55
I apologize. All right, let's go to we're
51:59
going to do one more check on the silver and go Oh, I got to
52:02
ring the oh man, I told you we had a special guest here today,
52:07
right? Remember that's you.
52:08
So thank you guys for being here.
52:10
Thank you for the Super chats. Thank you for being here right.
52:14
This is cool man. We got the basement dweller
52:17
community we're going to get. I don't care what happens to
52:20
silver today or gold. OK, Thank you, Susie.
52:24
I'm going to do the train whistle on a second, but we're
52:26
going to have higher prices. OK, Listen, but watch this.
52:29
One more thing to show you, and then we'll do the train whistle.
52:34
OK? This came from my friend Mark S.
52:36
This is from MarketWatch. OK?
52:40
Oh, man, I can't even pull up any of it now.
52:42
What the heck? Hold on.
52:44
Let's refresh it. OK, Silver, here we go quickly
52:49
because it's going to take me away.
52:50
Silver scarcity factor is helping it catch up to gold's
52:54
record run. Silver prices may top $40.00 an
52:57
ounce before the year's end. OK, and then it's gone.
53:02
What I wanted to point there is why this that was important is
53:08
that's MarketWatch where they want you to pay, I don't know,
53:10
100 bucks a year, 200 bucks a year.
53:13
Bloomberg, we looked at that yesterday.
53:15
These big CNN Pro or I'm sorry, CNBC Pro, right?
53:21
They're all starting to run articles about silver.
53:24
OK, get ready guys, get ready. Remember 3250, I need to blow
53:29
the train whistle because we did get 400 thumbs up.
53:33
We do 3 long blows of the train whistle because that is the I'll
53:38
show you guys right on the train whistle.
53:41
See that? That gives you all the different
53:44
whistles and what they mean. And three long blows. 3 long
53:48
blows is for. I need to switch the audio so
53:51
you guys can hear this. OK.
53:54
The Silver Express leaving the leaving the station.
53:57
Welcome aboard, basement dwellers.
54:00
Welcome. Excuse me.
54:01
Welcome aboard the Silver Express.
54:04
Right now we're at the $32.50 station.
54:08
Next station, right? It might be a couple hours or a
54:13
couple days away, but the next station is going to be like the
54:16
$38 Silver, $39.00. So welcome aboard the Silver
54:21
Express. OK, let's go check on the silver
54:33
price, see how bad it's gotten. Don't worry, be happy.
54:38
Don't worry. Let's press the pin backs magic
54:41
button and we're down 7 cents $33.61.
54:46
Remember that can go to 32. Gold price is up almost 13
54:49
dollars 2780 two $2728.00 You know what, while we're out here,
54:57
I'm going to go look, I've kind of falling in love.
55:00
I I've had what's your favorite silver coin?
55:03
Let me ask you guys put it in the in the comments section.
55:07
I love American silver eagles. I don't love the high premium on
55:11
American silver eagles. They're usually two or three
55:12
dollars more than you can get Australian Kangaroos, UK
55:17
Britannias or what has really been one of my favorite coins.
55:22
Let me let me open this up. I keep a little bit of silver
55:25
here at the house. Let me see.
55:27
I can never get there. It is.
55:29
It hurt my hand. This, my friends.
55:33
See if I can do this without making a big mistake.
55:37
Now, my great grandpa, great grandpa was from South Africa.
55:42
He fought in the bore war, the bore war which was fought over
55:45
gold. My grandpa great grandpa fought.
55:47
He was a cavalry man and he fought in the Boer.
55:50
Read about the Boer Boer in South Africa.
55:54
It was fought over gold. It was the Dutch versus the
55:56
British, and the Dutch whooped the British rear and they were
56:00
outnumbered like 100 to 1. So anyway, I feel a little bit,
56:04
look at that, look at that. I'm doing some magic here.
56:06
This is kind of my latest. It was, it always has been one
56:10
of my favorite. But that's a Krugerrand from
56:13
South Africa. There it is.
56:15
Look at that, look at that. Isn't that beautiful?
56:18
Isn't silver just beautiful? So I want to go out and look.
56:22
Sometimes Pembacs, I hope I'm not sticking my foot in my mouth
56:25
here, but sometimes Pembacs has Krugerrands.
56:29
The other coin that I love is this the 2023?
56:34
Hold on here, Britannia, wait till you see this thing.
56:37
I'm going to take it out with King Charles.
56:40
And everybody says, oh, King Charles, they took the Queen
56:43
off, they took the Queen off, blah, blah, blah.
56:45
I love this thing, and one of the reasons why I love it so
56:49
well is because everybody else hates it.
56:52
OK, in the backside of the Britannia.
56:55
Look at that. Isn't that beautiful?
56:59
Come on, focus. Dang, I'm going to back to get,
57:02
I'm going to have to spend more than 15 bucks on a webcam, but
57:06
let's let's just for fun, go out and see.
57:09
It's unbelievable. Somebody.
57:11
OK, Why is this important that we do this?
57:14
Because we, we don't realize still in the United States how
57:18
lucky we are that we can buy silver so darn close to the spot
57:23
price. OK, Right now we're at 3361.
57:26
Let's go ahead. Probably down.
57:28
Come on, down 9 cents, 3359. But I just want to go out and
57:32
look. Here's Krugerrands, what they
57:34
have in terms of Krugerrands. Hopefully they have some.
57:36
Yeah, these are random years, so these aren't going to be
57:39
guaranteed to be brilliant uncirculated, but you can get
57:42
Krugerrands still for $36. What is that, 3593?
57:48
About $2.50 over spot price. I mean, that is crazy.
57:54
And let's go look at the Britannia that we just looked
57:57
at. Here we go, 2023.
58:03
That's the one I just showed you.
58:05
Great Britain Silver Britannia, Brilliant uncirculated.
58:08
OK, $35.68 what that's like, that's like a, that's $2.08 over
58:18
spot for a brilliant uncirculated coin.
58:22
And I'm telling you, this is the look, don't, don't buy anything
58:25
or make any decisions based on anything I'm saying.
58:27
But I'm telling you this coin, and that's the one we just
58:30
looked at, people kind of hated it.
58:33
They, you know, they got rid of the Queen and I think for half
58:36
the year, they they put they had the the cane on there.
58:41
King Charles. OK.
58:43
And I know I'm, you know, I'm probably like the Queen.
58:45
There we go. Oh, there we go.
58:47
Now we're focused. Hold on.
58:50
Look at that. OK.
58:53
I think those are going to be worth something someday.
58:55
I could be wrong. OK, but I got a real knack for
59:00
for for buying things when they're very a good value that
59:05
go up in value. All right, So we'll see what
59:08
happens. Did I forget anything?
59:10
Hey, thank you guys. All 1000 people.
59:13
Look, the community is growing. Why is that important?
59:17
Take last big major point. There's a reason why, right?
59:22
It's not my good looks, it's not my dynamic personality, right?
59:26
I'd really put a lot of work in to help, you know, give you guys
59:29
whatever information that I see is important and you can go to
59:32
other sources. But why is it so important that
59:35
we have so many people joining us now in the basement?
59:39
Because that's more people. Remember what we talked about
59:42
earlier .5% of the financial assets are invested into
59:48
precious metals oriented investments.
59:51
The more and more people in the number of views on YouTube, not
59:54
just me, but the silver and gold sector is going up and up and
59:58
up. That means we have more brothers
1:00:00
and sisters, brothers and sisters that are getting
1:00:03
interested in silver and gold. Thank you for being my special
1:00:07
guest today here in the basement.
1:00:10
OK, have a great day guys and I'll see you soon.
1:00:12
Thank you. Thank you.
1:00:14
Thank you, thank you, and thank you.