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

Transcript

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

• 0:01
  Welcome to the live stream. Welcome to the basement.
• 0:04
  Unbelievable data about silver, 5 ounces of silver, five simple
• 0:10
  ounces of silver. Can you do that right?
• 0:13
  You may not even be required to buy any silver for this
• 0:17
  unbelievable fact to happen. We're going to dig into that and
• 0:23
  even more unbelievable data about silver and its use in the
• 0:27
  solar industry. Brand new information that
• 0:30
  absolutely will knock your socks off.
• 0:34
  It knocked my socks off. I won't show you my bare feet
• 0:37
  right now, but you need to trust me, basement dwellers.
• 0:40
  This is big, big news. And I've got a little love fest
• 0:45
  we're going to talk about when it comes to gold and silver as
• 0:48
  well. We got a lot to cover, so let's
• 0:50
  get started. Thank you for being here.
• 0:52
  Please give this a thumbs up. You can subscribe to the channel
• 0:55
  that's free. And I want to say thank you to
• 0:58
  our sponsors by putting the banner up.
• 1:00
  Let's get right into this guys. This is unbelievable. 5 oz 5
• 1:06
  ounces of silver. This actually came to me from
• 1:10
  one of you, one of the basement dwellers, super smart guy.
• 1:13
  I believe this is the gentleman in Ireland, but I tell you what,
• 1:18
  he's like a real good luck charm for us because wait till you
• 1:21
  read this. Last year 26,000,000 kilograms
• 1:24
  of silver were mined worldwide. That sounds like a lot, but it's
• 1:29
  not. What the heck's a kilogram a lot
• 1:31
  of us Americans are asking? Well, to put it in perspective,
• 1:35
  we know that 26,000,000 kilograms is roughly equal to,
• 1:39
  let's say, 800 million oz. That's all the silver that was
• 1:43
  mined in the world, 800 million oz.
• 1:47
  Now consider this is where it gets interesting.
• 1:49
  Can you do 5? Can you do 5 ounces of silver?
• 1:53
  Can you, Can we, the American people, the American workers,
• 1:57
  take our country back? Consider an example to
• 2:00
  illustrate. the US debt clock shows that the United States has
• 2:04
  161 million workers. Let's just run out there and
• 2:09
  check him on that. Do you know, look at all those
• 2:12
  numbers, most of which are growing on the US debt clock.
• 2:15
  Of course, we usually focus on this one, the national debt,
• 2:19
  which by the way continues to grow and the M2 money supply
• 2:23
  down here on the lower left corner, which also continues to
• 2:27
  grow. Who's looking, who can find on
• 2:30
  this page the total US workforce data.
• 2:33
  Let's just run over here while some of you are still looking
• 2:36
  around. Hey, the dollar to silver ratio,
• 2:39
  $169 per oz. That means for each one ounce of
• 2:44
  silver that is produced each year.
• 2:45
  And remember, there's about 800 million oz that are produced for
• 2:49
  each one ounce of silver. There's 169 U.S. dollars created
• 2:54
  out of nothing, nowhere. They squeeze that little magic
• 2:57
  Unicorn. He squirts out some Unicorn fart
• 3:00
  dust and we got more money. Jerome Powell, Gomer Pyle,
• 3:04
  surprise, surprise, he can do magic.
• 3:07
  OK, $169 and briefly here. This is about this five oz you
• 3:12
  need to buy. But the paper to silver ratio is
• 3:16
  now sitting at over 400 to one. And if you look at the top
• 3:21
  middle of the screen, that says the number of paper silver oz
• 3:25
  traded on the major world silver exchanges divided by the actual
• 3:29
  world production of silver in Oz.
• 3:32
  That means for each one ounce of silver that's produced each
• 3:35
  year, 400 electronic make believe ounces are traded.
• 3:41
  OK, if you haven't found it yet, I'm going to show you right here
• 3:43
  in the middle US workforce now total civilian, non firm, non
• 3:49
  farm labor force. OK, 161 we're going to say 160
• 3:54
  million people. This is crazy guys.
• 3:57
  OK, 160 million workers. If every worker, the people that
• 4:02
  are making it happen in the United States just on average
• 4:06
  was to buy a little under 5 oz, then all the years mine supply
• 4:11
  would be used up. And that makes sense because 161
• 4:16
  million workers, 161 million people.
• 4:19
  Now if you're retired or disabled or just don't work, you
• 4:23
  don't have to buy anything. We just need each worker in the
• 4:28
  country to buy 5 oz. And if 160 million workers times
• 4:32
  5, that equals 800 million oz. That's it.
• 4:37
  That's all the world produces during the year.
• 4:39
  But it gets even more interesting.
• 4:41
  And there's a big, big, big bonus factor in this and a
• 4:45
  number of other things I'm going to tell you about in this video
• 4:48
  as well. But let's just run through this.
• 4:50
  No more silver. Not even for retired folks in
• 4:53
  the United States, or for people in China, 1.4 billion, or those
• 4:58
  in India who love silver, another 1.4 billion.
• 5:02
  Nor the rest of the world, Europe, South America, Africa.
• 5:06
  No more silver would be left if just the entire American
• 5:10
  workforce were to buy 5 oz, each sold out none, not even an
• 5:14
  ounce. And that doesn't mean that
• 5:16
  everybody would have to buy 5 oz.
• 5:18
  Some people might buy 500, some people might buy none.
• 5:21
  On average, if they bought around 5 oz, that's what would
• 5:25
  happen. There would be no more silver,
• 5:27
  even if on average. Well, hold on, I'll get to that
• 5:30
  later. I don't want to give it away
• 5:31
  yet, OK. But it's not just people looking
• 5:35
  for silver. The industry, there's 303
• 5:38
  hundred uses in industry, solar, EB, medical, military, which we
• 5:44
  have no idea how much. Some people are saying that the
• 5:49
  military even uses more silver per year.
• 5:53
  But a lot of that data, obviously for security reasons
• 5:57
  is kept top secret. This might all seem this is this
• 6:01
  is interesting, this, this might all seem just like a fanciful
• 6:05
  scenario, but already right now, guys, right now, all the annual
• 6:11
  mine supply is used up right now, OK, and has been for years.
• 6:18
  We know there's been a silver deficit for what, 3-4 years?
• 6:22
  Have no doubt silver is already in a supply deficit folks.
• 6:27
  All right, so the only source think about this.
• 6:31
  The only source of silver right now to fulfill contracts or meet
• 6:36
  actual demand is dependent on historical silver reserves.
• 6:45
  How long can historical silver last?
• 6:48
  How long can these reserves last or still be provided given the
• 6:53
  current low Fiat price of silver?
• 6:56
  Not much longer. Stack silver basement dwellers.
• 6:59
  OK, now I'm going to get to the bonus factor.
• 7:02
  And I want to say thank you again to the viewer who sent
• 7:04
  this. And I thought this was an
• 7:05
  awesome piece of writing regarding what's going on right
• 7:09
  now in silver and in orange. I wrote this, and the real
• 7:12
  kicker is that we don't even have Western investment interest
• 7:17
  yet. None of this takes the increased
• 7:19
  investor demand into account. Right?
• 7:22
  All the a four. Another way of saying what he's
• 7:25
  saying is it's not. It's just gonna take a tiny bit.
• 7:29
  We don't even need to do 5 oz. OK?
• 7:31
  I'm gonna cut you a break. I'm gonna cut you a break.
• 7:33
  I'm coming back to see you here at Basement Dwellers.
• 7:36
  I'm gonna cut you a break. You don't have to do 5 oz.
• 7:38
  Hey, look, I pulled this out. I got this from my out offside
• 7:42
  storage. That's a 10 oz bar.
• 7:44
  So I got myself and one of you covered.
• 7:46
  But this is really a way for the American people, the American
• 7:50
  workers, to take the country back, take the monetary system
• 7:55
  back. And again, it doesn't even have
• 7:56
  to be a full 5 oz per person. Just think about it, right?
• 8:02
  If the American people got together and said we're gonna
• 8:05
  buy silver, we're gonna do it, right?
• 8:07
  It could work. Now look, let's go out here.
• 8:10
  I want to show you a place that you could make that happen.
• 8:14
  Our channel sponsor pin backs. Oh, it's bloody red today in the
• 8:18
  prices, but let's do an update and see how much better or
• 8:21
  worse. OK, Gold is down $13, Silver is
• 8:25
  down $0.41 to 2917. We're going to be hoping silver
• 8:30
  holds 29. We aren't going to get too
• 8:33
  worried until it gets below 28. But you know, I'm thinking maybe
• 8:38
  Pendex, there's one of their one of their slides here that has
• 8:42
  the American flag, the American people.
• 8:45
  And if everybody, if everybody just bought 5 oz and those are
• 8:48
  just the workers, my Lord, there'd be no silver left.
• 8:51
  So if you do want to buy some silver or gold or platinum group
• 8:55
  metal. Hey, this live stream video is
• 8:57
  made possible by the support of the sponsors like Pendex Pi MB
• 9:01
  EX. You're looking at their web page
• 9:04
  right now they have free shipping on orders 299 and
• 9:08
  higher. They have a great selection of
• 9:11
  product. OK, they have great customer
• 9:13
  service. They have great reviews.
• 9:15
  You need to find all that out for yourself.
• 9:18
  What I like even most of all right, the cherry on top is the
• 9:23
  fact that their prices are always hard to beat.
• 9:25
  So if you're in the market for some silver, gold or platinum
• 9:28
  group metals, check out pin backs.
• 9:29
  And if you ever want to convert all or part of an IRA to
• 9:31
  precious metals, talk to the guys at Pinbec's as well.
• 9:35
  They can help you out with that. All right, let's get back to
• 9:38
  this. So that's just the American
• 9:41
  worker taking the country back, buying 5 ounces of silver.
• 9:45
  We need to start a movement, guys.
• 9:47
  What do you think? I know you've likely already
• 9:51
  done your part, but man, if these other people start to wake
• 9:55
  up, it's so delicate, it's so sensitive.
• 9:59
  Look, I'd be. I'm.
• 10:00
  I'm brutally honest with you. With you, OK?
• 10:03
  I'm a very sensitive person, Susie.
• 10:05
  My mommy always said that about me.
• 10:07
  Susie will tell you how sensitive I am.
• 10:10
  I don't like to be told I'm sensitive, but I can say it, OK.
• 10:13
  But the silver market, it's more sensitive than any of us
• 10:17
  combined. So delicate, it's gonna take
• 10:20
  very little to knock it off course, OK?
• 10:23
  Very little. And when I'm talking about the
• 10:25
  silver market at this point, I don't know.
• 10:27
  Do you agree with this? If the silver market is going to
• 10:31
  get knocked off course at this point, wouldn't you think that
• 10:35
  would be a situation where prices are going to go up and up
• 10:39
  quite a lot, not down? I can't see the silver market
• 10:44
  getting knocked for a loop and the price is going down,
• 10:47
  although that could certainly happen.
• 10:50
  Thank you, Susie. Thank you for the Super chat,
• 10:52
  Ron. That could certainly happen, but
• 10:55
  it just feels like that if it's going to get knocked and we've
• 10:57
  got some charts on gold, we're going to look at later and we
• 11:00
  got more. This is crazy.
• 11:02
  This that was crazy. 5 oz. All the silver gone.
• 11:07
  Now wait till you hear this next data, OK?
• 11:10
  It's just as crazy, if not crazier.
• 11:13
  I want to get back here and let's pull up our friend Ron.
• 11:16
  Thank you, Ron McAdams. Wow, your never ending
• 11:20
  generosity. Thank you for the Super chat.
• 11:22
  Thanks to all the basement dwellers.
• 11:24
  Thanks for your support, thanks for your comments.
• 11:27
  That's where we can learn from each other.
• 11:29
  Guys. I got news for you and then
• 11:30
  we're going to move on to this additional crazy silver.
• 11:33
  And then we got crazy gold news to talk about as well.
• 11:36
  Unbelievable. But the people that are on this
• 11:40
  channel, that would include you right now, over 400 of you, OK,
• 11:44
  I can say a couple things for sure.
• 11:46
  Number one, you're all very, very nice, OK #2 very
• 11:52
  intelligent, right? You just don't play checkers.
• 11:55
  You don't just play chess. You guys play 3D chess.
• 11:59
  And I know that from reading the comments.
• 12:01
  I know that from interacting with you.
• 12:02
  So we dive a little deeper into this stuff and we put the right,
• 12:06
  we're predicting the future, we're taking all the things that
• 12:10
  are going on. We're looking at the silver
• 12:12
  market, we're looking at the gold market, we're looking at
• 12:15
  the geopolitical situations out there.
• 12:17
  We're looking at all these big factors, right?
• 12:20
  And trying to trying to amalgamate it, if that's the
• 12:23
  right word, I'm not that smart nonetheless, and come up with a
• 12:28
  plan, a thesis, right? That's what we do.
• 12:31
  So let's go, let's go talk about this next.
• 12:36
  I mean, this, this, this, All right, 100 likes.
• 12:40
  Thank you guys for the 100 likes.
• 12:42
  Let's get out here and talk about this next piece of data
• 12:48
  about silver that you just aren't going to believe, OK.
• 12:51
  From the Silver Academy, our good friend Mr. John Little.
• 12:54
  And we need to get back in the basement, right?
• 12:57
  For these people. Love him.
• 12:59
  Tireless effort researching Silver Global photovoltaic.
• 13:04
  That's solar PV installations. This is crazy guys.
• 13:08
  Hold on to your socks. May hit 660 gigawatts in 2024.
• 13:14
  I've for one have never really understood electricity all that
• 13:17
  well. I can wire up a new outlet, I
• 13:19
  can wire up a new light fixture, all that good stuff.
• 13:24
  But I've never really understood like gigawatts, terawatts, all
• 13:27
  that stuff. Anyway, this is but when you
• 13:29
  look at these numbers, it's crazy.
• 13:30
  This is from Burn Router. Must be somehow related to
• 13:34
  Reuters Burn Reuter research. Here's a table showing OK, the
• 13:40
  conversion of gigawatts. And remember up here, 660
• 13:44
  gigawatts to ounces of of silver, starting with the given
• 13:49
  equivalence that one GW of silver requires 5 or, I'm sorry,
• 13:54
  one GW of electricity requires 500,000 ounces of silver and
• 14:01
  extending it to 660 gigawatts. So if each one GW of power
• 14:06
  requires a half million ounces of silver, 660, which is what
• 14:11
  they're predicting will be installed this year, gigawatts
• 14:15
  of electricity would require 330 million ounces of silver.
• 14:21
  Are you kidding me? OK.
• 14:24
  In orange each GW of solar power generation we just said that
• 14:28
  therefore, OK, we just said that 330 oz silver green global
• 14:33
  silver mining production is around 530 million ounces of
• 14:37
  silver, the rest coming from recycling, I guess something
• 14:43
  like that. None the less, I, I think the
• 14:46
  total estimate of silver supplies for the year a lot of
• 14:49
  times is around a billion oz. OK.
• 14:53
  He's saying solar would represent 2/3 of that 530.
• 14:57
  But this is where it gets even crazier.
• 14:59
  Solar in red according to John. And John has done a lot of
• 15:03
  research into military and aerospace.
• 15:06
  He's saying that solar isn't even the number one use, it's
• 15:10
  number three behind #1 the military.
• 15:14
  Which we don't know that data cause for obvious reasons, it's
• 15:17
  kind of kept undercover under wraps in #2 aerospace, which we
• 15:23
  don't really have a firm grasp on either.
• 15:25
  If that's true, right? If you, if you, we add this all
• 15:29
  up and we look at the amount of silver being used by solar and
• 15:32
  it's, it's like taking up all the world silver.
• 15:35
  We don't even need you to buy those 5 oz American workers, 160
• 15:39
  million American workers. Remember, if you're retired,
• 15:42
  you're not required. Oh my God, this is absolutely
• 15:47
  crazy. So let's go down here and look
• 15:48
  at this chart. This was from a burn rooter
• 15:52
  research. This shows annual global solar
• 15:58
  installations this year over here on the left, GW 660.
• 16:03
  Look at how guys, this is just going up and up and up.
• 16:07
  So they're saying at minimum 600, and they're thinking that
• 16:11
  there's upside potential to go to 660.
• 16:14
  This is way more than the Silver Institute is estimating, right?
• 16:18
  But don't we know something about them that they're often
• 16:21
  wrong lately? I don't know, guys, you may not
• 16:25
  be feeling good when we look at this right now.
• 16:29
  Let's look at this again real quick.
• 16:32
  The silver price today, right? Hey, it got better.
• 16:35
  Down 35 cents, $29.23 gold, down just $10 at 2323.
• 16:44
  But when we think about the potential, there's just gonna be
• 16:48
  that like, like our, like our friend said in his piece of
• 16:51
  research earlier, they're getting, they're pulling silver
• 16:54
  out of the reserves. They're living on the silver
• 16:58
  supply credit card right now, right?
• 17:00
  And there's not more silver coming online.
• 17:03
  We gotta remember this. I know it's painful, right?
• 17:07
  The deal, I mean that to be a silver investor has been a
• 17:10
  rough, rough Rd. But the reality is the reality
• 17:15
  silver very well could be the new oil.
• 17:20
  How do you feel about that? Right?
• 17:22
  100 years ago, oil was around, but nobody really cared about
• 17:27
  oil, OK. And then they figured out how it
• 17:30
  could be used to create energy very efficiently, right?
• 17:36
  They determined they, they, they discovered how to make gasoline
• 17:39
  and all these other things out of oil.
• 17:41
  And for the last 100 years, oil has powered the world.
• 17:45
  What are we seeing right now? What is this data showing us?
• 17:49
  Silver, right? You know, everything electric,
• 17:52
  everything is going electric, right?
• 17:54
  And everything electric, including solar, everything
• 17:58
  technology based, you know, including AI needs silver.
• 18:03
  I don't know, I could be wrong. You know, 10 years from now I
• 18:05
  could be down here saying could you, but I just don't see it,
• 18:09
  right? I hear people talking about
• 18:11
  silver being the new oil, right? Because it is so critical to the
• 18:16
  future energy generation of the world.
• 18:20
  All right, so we need to think about that.
• 18:21
  Global PV installations will range.
• 18:23
  This is in purple, 600 gigawatts to 660 they say quote and
• 18:29
  yellow. Even if leading players gain
• 18:31
  market share as Tier 2 and Tier 3 solar panel manufacturers
• 18:37
  struggle in the current low, low price environment, it is likely
• 18:42
  that new PV installations will exceed 600 gigawatts this year.
• 18:46
  OK, how do you feel about all this guys?
• 18:50
  Wow, 500 of you joining us this morning.
• 18:52
  Thank you so much for being here.
• 18:55
  I also want to say thank you to channel sponsor First Mining
• 18:58
  Gold, Canadian gold developer with two multi million ounce
• 19:01
  development stage projects in Canada.
• 19:03
  You can learn more about them at firstmininggold.com.
• 19:08
  And Fortuna mining gold and silver mining company with major
• 19:14
  operations in Latin America and West Africa.
• 19:18
  And I'm losing my voice. But we did get to 100 and Susie
• 19:22
  the boss, right? Have you heard of this word,
• 19:24
  guys? You know Susie?
• 19:25
  Do you guys know Susie? Hold on.
• 19:33
  We're live. What can I say?
• 19:36
  Do you guys know Susie? She's my wife of 19 years,
• 19:39
  right? Silver Susie.
• 19:41
  Now she's like obsessed with the silver price.
• 19:43
  She's on our side. She tells me what to do.
• 19:46
  There's this word here. Here.
• 19:47
  Let me look this up. I wrote it down, Susanity.
• 19:52
  It's a real word. And it means being under the
• 19:56
  dominant state of control. So I am under a state of
• 19:59
  suzanity and very happily so. She's a wonderful wife.
• 20:04
  She says I need to ring the pocket pinger because you gave
• 20:07
  us 100 thumbs up. And that's a big deal.
• 20:09
  We are a community first and foremost.
• 20:12
  Let's ring it 10 times for the 100 thumbs up.
• 20:14
  Listen to the beautiful sound of silver and take a deep breath.
• 20:18
  A moment of Zen 789. 10 thank you, big 10, the silver Shire.
• 20:28
  Look at that beautiful piece of silver that he sent me.
• 20:31
  I love when I get silver in the mail.
• 20:33
  Where were we? OK, solar.
• 20:35
  So then you're going to say you're but wrong when the silver
• 20:38
  price goes to 100, nobody. They're not going to be able to
• 20:41
  afford silver panels. Wait, wait for this.
• 20:43
  This is interesting. Same guy, same guy who said that
• 20:47
  earlier piece of research sends this over this guy user.
• 20:53
  You ate you. He says that this is This is why
• 20:57
  it doesn't matter if silver to the solar industry of silver
• 21:02
  goes to 100. This will make sense to you when
• 21:04
  you when you see this a typical 6 kilowatt home solar PV
• 21:10
  installation that uses 12500 Watt panels needs 12 and there's
• 21:16
  2/3 of an ounce of silver in each panel, 12 * 2/3 of an ounce
• 21:21
  of silver. That would mean it would need 8
• 21:23
  ounces of silver. An average cost of about total
• 21:27
  cost for the for the solar installation about almost
• 21:30
  $13,000. OK, that's from Forbes.
• 21:34
  That's at today's silver price of of $29.00 and change.
• 21:38
  But in blue, when silver moves to $100, will photovitalic solar
• 21:46
  panels still be affordable? You know, 'cause silver goes to
• 21:49
  the moon, nobody will be able to afford solar panels.
• 21:51
  Yes it will, because $100 silver only adds an additional $560 to
• 21:58
  the cost, right? Because each each of those 8 oz
• 22:02
  would have gone up by about $70.00 each, and 8 * 70 comes to
• 22:07
  about $560.00. So the new price, right, would
• 22:11
  have moved from 12,700 to get all these panels put on your
• 22:15
  house up to 13,200 or only a 4% impact on price.
• 22:21
  And when energy prices go through the roof, guys, it's not
• 22:26
  going to matter. And I believe solar and nuclear
• 22:31
  are the future of power generation.
• 22:34
  Problem with nuclear is it takes like 40 years to build a new
• 22:37
  nuclear plant. Takes like four days to do a
• 22:41
  solar installation, right. And the power's right there
• 22:45
  where it's needed. Doesn't need a big amount of
• 22:47
  infrastructure, I'm telling you. And what, and that Scottish bank
• 22:52
  said it. Have you heard that right?
• 22:53
  That you're by the year 2050, the solar industry will be using
• 22:58
  almost 100% of the world's silver output and who knows if
• 23:04
  the trend continues like we've had where the amount of silver
• 23:07
  being mined is going down, down, down.
• 23:09
  Look, I talked to Jorge Genoza, the CEO of Fortuna Mining, I've
• 23:14
  talked to Keith Newmeyer, CEO of First Majestic, I've talked to
• 23:18
  the, the Sean Kuhn Kuhn from Dolly Vard and silver, you know,
• 23:22
  the, the finding new silver, right, is very, very difficult.
• 23:28
  And then getting it permitted, getting the mine built.
• 23:31
  And then if the mine weren't it's all it there.
• 23:34
  It, it, it's, that's all I can say now.
• 23:38
  I got good news for you. Good news.
• 23:41
  OK, I'm hearing this from several different sources.
• 23:44
  The flow of money, OK, going into and we don't like these,
• 23:50
  right, the silver and gold ETFs and we're not real big on those,
• 23:54
  the, the, the, the, the United States ones, the SLV and the
• 23:58
  GLD. But there's a the flow of money
• 24:01
  there over the last like year and a half, there's been money
• 24:05
  coming out of those ETFs, OK, that puts downward pressure on
• 24:10
  the silver and gold price that draining out of those ETFs has
• 24:13
  stopped. And I'm even hearing some people
• 24:15
  say that they think that now there's actually on net new
• 24:19
  money coming into these precious metals ETFs.
• 24:25
  So I think that's very, very good news.
• 24:27
  Let's all have a drink of coffee.
• 24:28
  I'll be right back. We got more.
• 24:29
  Let's say happy birthday to Silvershire.
• 24:36
  Happy birthday, Silvershire. Woohoo, happy birthday.
• 24:38
  To you. What did Rick Rule say?
• 24:47
  I heard Rick Rule. Somebody recently asked him
• 24:50
  recently asked him, right. Are we in a bull market for
• 24:54
  silver? Are we in a bull market for
• 24:57
  gold? And he, he, he said the, he took
• 25:00
  the words right out of my mouth. He basically said two things
• 25:04
  that I thought were very interesting said if we are, And
• 25:07
  he, I believe he said that he does believe we are, that we are
• 25:11
  in the very early, very early innings of a bull market.
• 25:16
  OK. But what's we got to remember
• 25:19
  guys, that where we are now, $2300 gold, OK, $29.00 silver,
• 25:26
  OK. These numbers that we're at
• 25:28
  right now are really just a reversion to the mean, meaning
• 25:32
  where we should actually be. It's hard to really say that
• 25:36
  we're like in some big wild bull market for the metals prices
• 25:40
  because really where we are right now is where we should be.
• 25:43
  This is interesting. Did you know this?
• 25:46
  I bet you know. OK, 200 thumbs up.
• 25:49
  Time for the cowbell woohoo. Thank you for the thumbs up.
• 25:55
  Thank you for all the support. It it is makes a big, big
• 25:59
  difference. Susie and I do work very hard.
• 26:01
  There's a lot of work, believe it or not, there's a lot of work
• 26:07
  that goes into putting these live streams together and making
• 26:09
  these shows happen. So the support that you give us,
• 26:12
  the thumbs up, the subscribing, the Super chats, we love when we
• 26:17
  get little gifts in the mail. It's all really, really
• 26:20
  appreciated. But all we expect, we don't
• 26:22
  expect anything. Actually, it's your choice to be
• 26:25
  here. And that's a big deal, right?
• 26:27
  I mean, so the, the one of the greatest things that we can do
• 26:30
  is come together and it's a big deal.
• 26:32
  And we appreciate you being here.
• 26:34
  So thank you very, very much. Did you know, I bet you know
• 26:38
  this already. I got breaking news for you.
• 26:41
  OK, Make sure I get this right. Let me read it.
• 26:46
  The dollar, the US dollar has lost 25% of its purchasing power
• 26:53
  since 2020. Think about that.
• 26:57
  Think about that since 2020. That wasn't that long ago, guys.
• 27:02
  OK, that would be four years ago.
• 27:06
  That's my degree in accounting from a fancy university coming
• 27:09
  in handy. I knew I'd use it at some .25%,
• 27:14
  right? Is it?
• 27:15
  Is it just absolutely mind numbing paper money, this stuff?
• 27:21
  Right, right. Not this.
• 27:23
  I have two of these. Are these the same?
• 27:27
  Huh. They they kind of, they look the
• 27:28
  same, don't they? But they're not the same.
• 27:31
  Does anybody know the difference?
• 27:32
  Do you know the difference between these?
• 27:35
  Huh. Yeah.
• 27:36
  This one, This one says silver certificate at the top.
• 27:45
  OK. It says at the bottom $1.00 in
• 27:49
  silver payable to the bearer on demand.
• 27:54
  This, this is worth something, right?
• 27:59
  This is based on confidence on Unicorn fart dust on I don't
• 28:07
  know what it's based on. Nobody really knows, right?
• 28:09
  A printing press, right? And this has lost 25% of its
• 28:15
  value since. So is it any wonder?
• 28:18
  Let's get to here's here was some news that came out this
• 28:21
  morning from wrong one from the Kobesi letter.
• 28:29
  OK, just in retail sales are on track for their second
• 28:33
  consecutive quarter of year over year declines.
• 28:36
  US retail sales are adjusting for inflation fell by .9%.
• 28:42
  And then they talk about what what happens during a recession.
• 28:45
  Guys, we are headed into it right now.
• 28:48
  This is a is a very interesting first, first indicator that
• 28:54
  we're headed for trouble. The dollar is losing value when
• 28:57
  the dollar loses value, right? Paper.
• 29:00
  I mean, can you really believe that you can trade paper, paper
• 29:06
  for real money, right? I mean, convert trade.
• 29:10
  I don't say buy, right? I'd say convert, convert this
• 29:14
  stuff into this stuff. It's really unbelievable.
• 29:22
  And we get to do it at a very affordable rate.
• 29:24
  Thanks to our friends at the Comex, right?
• 29:28
  Thank you. The only thing we'll say thank
• 29:30
  you to the Comex for, right basement dwellers is for the
• 29:34
  fact that they've allowed us to accumulate silver and gold.
• 29:39
  But I'm more of a silver physical stacker myself at a
• 29:42
  very discounted rate. So thank you, you know, thank
• 29:45
  you. And hopefully you live in a
• 29:46
  state that doesn't charge sales tax.
• 29:48
  Let's talk about the big developments in the gold market.
• 29:51
  And then I got something I want to share with you about gold and
• 29:56
  silver That that that I think is, is something that that you
• 30:03
  just don't hear a lot of people, a lot of the analysts talk
• 30:06
  about, but really could be a major catalyst for super
• 30:13
  accentuated violent price moves here over the next two to three
• 30:17
  years. But let's go look at what our
• 30:20
  friend Oren the silver Hermit pointed something out about gold
• 30:24
  this morning. And he said gold is running out
• 30:29
  of time. I don't want to scare you guys,
• 30:31
  but I thought, you know, we're going to look at both sides of
• 30:33
  the coin here. Gold is running out of time.
• 30:36
  It's at the end of its Pennant and will either break out to the
• 30:40
  upside or breakdown in a matter of hours.
• 30:45
  When did he write this? 11 hours ago, he says, if you
• 30:49
  ask me right now, the path of least resistance is up.
• 30:54
  OK, let's take a look at what he's saying, right?
• 30:56
  There's this since February, big uptrend line in gold for about
• 31:04
  the well, probably about the last 30 days, this downward
• 31:08
  trend in gold, right? Cummings like a wedge and at one
• 31:12
  point out either to the upside or the downside.
• 31:15
  I don't want to be negative, but today we're kind of getting that
• 31:18
  downward move. You know, I, I, I look.
• 31:24
  I have a feeling. That we're going to struggle
• 31:27
  this summer. Not struggle, Struggle, OK,
• 31:29
  because I'm going to remind you of something very important.
• 31:32
  Then I'm going to remind you of something very super exciting
• 31:36
  when it comes to gold and silver.
• 31:39
  But we're going to struggle this summer.
• 31:41
  I hope I'm wrong right. If we make it through the next
• 31:45
  678 ish weeks, 5678 weeks and we have the gold price, if it can
• 31:50
  hold above 2200, I'm happy if our friend silver right?
• 31:55
  If this stuff and this came from coin shop Chris.
• 31:59
  You guys remember Coin Shop Chris, huh?
• 32:02
  Yeah, well I got News for You has his own channel now.
• 32:05
  So please go check out Coin Shop Chris.
• 32:07
  Just put in Coin Shop Chris in the search bar and subscribe to
• 32:10
  him. But not now.
• 32:11
  Finish watching this 'cause I got some big news for you, OK?
• 32:16
  If this stuff can stay above 28, even 27, even 26, OK, through
• 32:25
  the next 6-7 weeks, I'm gonna be very optimistic.
• 32:30
  And guys, you know, I have a habit of being correct about a
• 32:33
  lot of this stuff that as we move into the fall, as we move
• 32:37
  into, excuse me, September, October, November.
• 32:42
  Isn't September like on average the best month for the precious
• 32:46
  metals prices anyway that we could see a move, right, in the
• 32:50
  silver price, in the gold price through the end of the year,
• 32:54
  right? And you know, my prediction,
• 32:56
  we're going to have economic turmoil before the elections
• 32:59
  that would that we could see, we could see gold prices.
• 33:03
  You know, I'm feeling like the 2800 range.
• 33:05
  I'm feeling silver breaking through that $32 barrier for
• 33:10
  good, right? And moving to higher and higher
• 33:13
  levels. I'm looking right over there at
• 33:15
  my Christmas tree that's out of the camera view.
• 33:18
  We had a $2100 gold sign on the Christmas tree.
• 33:22
  We were praying, not praying. We were hoping that Santa would
• 33:26
  bring us $2100 gold by Christmas, and it did pop its
• 33:29
  head above it briefly. Guys, we're talking about
• 33:32
  holding 2300 twenty $200.00 gold as a new floor right now.
• 33:38
  I think it's very possible. OK, now why?
• 33:42
  Why is no one else talking about this, right?
• 33:45
  Why his why? Why think about gold stocks?
• 33:48
  But this has everything to do with the price per ounce of
• 33:52
  gold, the price per ounce of silver, OK?
• 33:56
  Eastern central banks have been the driving force outside of the
• 34:02
  United States in the gold price over the last what, 6 months,
• 34:07
  right? We know that.
• 34:08
  OK OK, think about that. That has that has given us this
• 34:12
  really high gold price and a pretty darn good silver price as
• 34:17
  well. But that's only the banks, only
• 34:21
  the central banks. That's that marginal buyer that
• 34:23
  are buying it. OK, the reason why and this'll
• 34:26
  this, this'll make sense. The reason why the mining stocks
• 34:30
  haven't done well is because is because the banks, right, and
• 34:35
  the Eastern investor, right, the Chinese citizen, right, they buy
• 34:40
  physical gold, they buy physical silver.
• 34:43
  They don't buy the mining stocks.
• 34:45
  But wait, wait a second, just wait a second right now.
• 34:49
  A major catalyst could be on the horizon right now.
• 34:53
  I mean, like what's today's date, the 25th of June, we're
• 34:57
  getting near the end of, we're getting near halftime for the
• 35:00
  year, the end of the second quarter for the year.
• 35:03
  And soon, right, starting about a month from now, we're gonna
• 35:08
  start hearing about gold mining and silver mining companies
• 35:12
  reporting profit numbers that very well, right, could make
• 35:16
  head spin, could could very well be shocking, right?
• 35:21
  And you know what's going to happen at that point?
• 35:23
  Because think about it, the only thing going on in the metals
• 35:27
  markets right now are eastern central banks and eastern
• 35:30
  investors, Chinese people, they can't invest.
• 35:33
  That's why the mining stocks are down.
• 35:35
  The mining stock people haven't woken up yet to the fact that
• 35:40
  the mining stocks are making a ton of money, OK, a ton of
• 35:45
  money. So when that comes out, that
• 35:49
  will get the attention of some of the Western investors.
• 35:53
  But it's not just that because those Western investors, when
• 35:56
  they start looking at these mining stocks, they're also
• 36:00
  going to start looking by default.
• 36:02
  It's going to put more attention on overall into the sector,
• 36:08
  right? And it could be, right, like we
• 36:10
  talked about at the beginning, every American worker, all you
• 36:13
  got to do is buy 5 ounces of silver.
• 36:15
  It could, it could create, right, a new demand source for
• 36:21
  silver and gold, right? Because right now I'm telling
• 36:24
  you the, the mining stocks are priced unbelievably low.
• 36:29
  So if these good numbers come out and those stocks start to
• 36:32
  move and people start to wake up, right, it's not just going
• 36:36
  to put attention onto the mining stocks.
• 36:38
  It's going to put attention on the whole sector.
• 36:40
  And that would include physical gold and physical silver.
• 36:45
  We're seeing an inkling of that right now as Western investors
• 36:48
  are starting, right, are starting to put a little more
• 36:52
  money into the ETFs. But just be prepared, OK?
• 36:55
  Be prepared. Time for a coffee break.
• 36:57
  Have a drink of coffee with me please.
• 37:09
  How would you feel? If you were in a casino and you
• 37:12
  won $4 million, this is a real a story that's getting some
• 37:17
  headlines and one that's a little bit it's about money.
• 37:21
  But if you were in a casino and you won $4 million, Can you
• 37:24
  believe what happened to this poor guy?
• 37:27
  My heart goes out to him. And this story is all over the
• 37:33
  place. A man wins $4 million in a
• 37:36
  Singapore casino and allegedly suffers cardiac arrest.
• 37:40
  This guy basically it happened at the Las Vegas Sands in
• 37:46
  Singapore. This guy wins 4 million.
• 37:50
  Dollars, There's a video that we are not going to watch 'cause I
• 37:54
  don't want to watch. I don't know if he lived or not.
• 37:58
  Somebody needs to find that out. But the guy won $4 million and
• 38:02
  then immediately had, I guess, a heart attack.
• 38:04
  That's not the video. Was at the Marina Bay in
• 38:08
  Singapore after the jackpot. The video of the man.
• 38:12
  There's a video of the man collapsing.
• 38:16
  Here we go. And there's the video.
• 38:18
  You can see him on the floor. Horrible.
• 38:20
  You know, I thought, what a poor guy, right?
• 38:22
  He probably just won this major jackpot, like the most money
• 38:27
  that he's won in his entire life.
• 38:29
  And then he has cardiac arrest. Poof, that'd be like, now we
• 38:34
  want to make sure that here's the lesson for us.
• 38:36
  Silver and golden vessel, I want to warn you right now and we
• 38:40
  talk about this our, it's been a while since we've talked about
• 38:44
  this very important part. Are you mentally and monetarily
• 38:49
  prepared for what could come down the road?
• 38:54
  I've talked about this with. You at nauseam in the past that
• 38:56
  like I don't want you to have cardiac arrest when silver goes
• 39:00
  to $100.00 an ounce. I don't want to have cardiac
• 39:03
  arrest, right. That when the price does
• 39:06
  skyrocket, yeah, we all think, oh, it'll be great.
• 39:09
  It'll be awesome. I got news for you.
• 39:11
  It's also can be a stressful situation because you want to
• 39:14
  have a plan ready because it's like we're just using $100
• 39:18
  silver as an example. But if silver goes to $100,
• 39:22
  right, suddenly you'd think, right now you'd think, Oh, yeah,
• 39:25
  round woohoo party. And yes, it will be a party.
• 39:28
  And yes, we will have a basement dweller get together.
• 39:31
  And yes, I will rent the basement of a Catholic Church
• 39:35
  somewhere here in Saint Louis and have a big party.
• 39:38
  And whoever wants to come can come to the basement, right?
• 39:40
  The church basement. Wouldn't that be appropriate?
• 39:43
  And I'll bring the big teddy bears.
• 39:48
  Oh my gosh. Susie says we're almost a 300.
• 39:52
  Thumbs up, guys. And I'll ring the gong, but be
• 39:54
  prepared. That's the thing.
• 39:56
  Be mentally prepared. It will be stressful.
• 39:59
  I hate to break that to you, right?
• 40:01
  I'm not always going to just give you good news, $100 silver
• 40:05
  will be stressful because then you'll be like, should I sell
• 40:08
  it? Should I hold it?
• 40:10
  What do I do? How do I sell it?
• 40:12
  So what you want to do is make sure you have a plan in mind for
• 40:18
  how you will react. I'll tell you right now, silver
• 40:21
  goes to $100. I'll look at converting.
• 40:24
  Some of that silver, not into this stuff.
• 40:28
  Is this the right one? Yeah, not into this.
• 40:30
  No way, Jose. Don't.
• 40:32
  Why would I? Why would we do that?
• 40:34
  Why would we want to move and convert?
• 40:37
  Thank you, Susie. Why would.
• 40:39
  I'll ring the gong in a second, guys.
• 40:41
  Why would you want to convert real into paper?
• 40:44
  Why would you want to? That wouldn't make any sense.
• 40:47
  But I may convert like a third of my silver into other real
• 40:51
  assets, right? Where there's a value arbitrage
• 40:56
  available, right? Maybe if oil prices are down,
• 40:59
  buy some stock in a company that owned that, that that owns a
• 41:03
  bunch of oil land or farmland or whatever the case may be.
• 41:07
  So just be prepared, right? Be prepared.
• 41:10
  Have something, have a have a plan in mind.
• 41:13
  Let's bring that gone for you. Yes, you 300 thumbs up.
• 41:18
  Wow. I can't believe it's what?
• 41:21
  Tuesday morning. We have 700 people on here.
• 41:24
  You guys are awesome. I love how it resonates for so
• 41:32
  long. So what we need to do?
• 41:34
  You have a mission. I have a mission for you, my
• 41:37
  fellow Americans. Can I put that in my pocket?
• 41:40
  I don't know. Yeah, that looks pretty sharp.
• 41:44
  Hold on. It look better that way.
• 41:47
  Nah, we'll leave it that way. OK, My fellow Americans, I come
• 41:51
  to you today with a mission, right?
• 41:54
  A mission. Those of you who are working,
• 41:57
  that would include 160 million of you.
• 42:00
  We have 160 million workers. Those of you who joined us late
• 42:03
  on the live stream in the United States, if each one of you
• 42:07
  workers want to take your country back, take your money
• 42:11
  back, just like your founding fathers.
• 42:13
  Thomas Jefferson, Well, he wasn't a founding father, but
• 42:16
  you know what I'm saying. The guys that wrote the
• 42:18
  Constitution, Hamilton and just like later presidents like
• 42:22
  Andrew Jackson and Thomas Jefferson said silver and gold
• 42:27
  are real money. All that 100 you retired aren't
• 42:30
  required. OK, if you're disabled, you're
• 42:33
  not required, but you can still help out.
• 42:36
  All that you need to do is buy 5 ounces of silver and we will
• 42:40
  wipe out the entire year's mining supply.
• 42:45
  Then the market will be forced to recognize the true real value
• 42:51
  of silver and you'll have 5 ounces of real money right now.
• 42:55
  If you want, you can go overboard.
• 42:56
  Buy yourself one of these. This is a 10 oz bar.
• 42:59
  They come in all makes and models.
• 43:01
  Oh, look at that. Isn't that beautiful?
• 43:02
  That's a good shot. The most reflective metal on the
• 43:06
  face of the earth. Oh, hey, Clifton, Thank you for
• 43:10
  the Super chat, my friend. OK, I'm going to ask you guys.
• 43:13
  Put it in the put it in the comment.
• 43:15
  I have four more minutes. 4 minutes.
• 43:17
  What's your favorite? Do you like 10 oz bars?
• 43:20
  Do you like American Silver Eagles?
• 43:22
  What's your favorite form of silver?
• 43:24
  Put it in the comics. Clifton Moberg super sticker.
• 43:28
  Let's put them up there. Thank you, Cliff for the Super
• 43:31
  chat. Super appreciate it.
• 43:32
  Ron McAdams. There's smiling Ron, thank you.
• 43:37
  Excuse me for your super chat as well.
• 43:40
  Hey guys, we're almost to 700. Nobody leave the live stream.
• 43:42
  Please don't leave. Don't leave because we want to
• 43:45
  get to 700 basement dwellers. That shows our growing power,
• 43:50
  our growing community. I'm telling you, this can be
• 43:54
  done, right, right. I mean, we are the we are the
• 43:58
  seed that could grow into the massive oak tree.
• 44:02
  OK, I will scream for joy here soon 'cause we are going to get
• 44:05
  to 700 people on this live stream and we did it.
• 44:09
  All right, thank you guys. Thanks for being such an
• 44:12
  important part of of this community, right?
• 44:15
  Thanks for being you. It's a big deal when you give us
• 44:19
  your time here in the basement. I want to say thank you to our
• 44:23
  channel sponsors. Yes, Pinbex, yes, First Mining
• 44:27
  gold, and yes, Fortuna Silver. If you want to help support
• 44:30
  Ron's basement, you can help support those companies.
• 44:33
  Thank you from myself. Thank you from Susie.