Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡ALERT⚡- SILVER Just had a HUGE Change... (COMEX, LBMA & Gold Price News too!)
Transcript
- 0:00The silver price breaching $40 by weeks and silver continuing
- 0:05its March higher. That's what we're hearing from
- 0:08some top analysts. We also have a warning from
- 0:12Robert Kiyosaki, and Chinese state television is reporting
- 0:16something incredible about silver.
- 0:19Thank you for being here. Thank you for being part of the
- 0:21basement, choosing to spend some time down here talking about
- 0:24silver and gold. Please subscribe to the channel.
- 0:27You're important. I'm not here without you.
- 0:30So please go out, share the video, subscribe to the channel.
- 0:34Let's dig right in right now to what we're talking about.
- 0:37We've got some interesting developments in the silver
- 0:39market which are prompting some analysts including one of our
- 0:43favorites, Mr. Rashad to predict that silver could be up to 42 to
- 0:5044 dollars and it's next leg up. He says this is what I expect
- 0:54silver to do this week. So he is predicting that by
- 0:58week's end potentially we could see silver in that 42 to $44.00
- 1:05range. And doesn't it seem plausible?
- 1:08We've looked at nauseam that silver has broke through several
- 1:12of the of the key resistance levels.
- 1:14And guys, when we get above 40, Katie bar the door, the move
- 1:18from 40 to 50 will be swift, will be beautiful and we will be
- 1:24enjoying it all together because we've been waiting for a long
- 1:27time sitting down here talking about silver and gold.
- 1:30If you want to get your hands on some silver, if you believe that
- 1:34the silver price is going higher, here's a beautiful round
- 1:38from our sponsor, First Mint. First Mint is owned by First
- 1:42Majestic Silver. They mine the silver in Mexico,
- 1:46ship it to Nevada to the First Mint facilities.
- 1:49First Mint is owned by First Majestic Silver, but in Nevada
- 1:54it is transformed into world class silver bullion products.
- 1:58They have a great selection, they've got great prices, free
- 2:01shipping over $199. And again, they're owned by
- 2:05First Majestic Silver, Keith Newmyer's juggernaut silver
- 2:08mining company, so you know that they are a company you can
- 2:12trust. What's Robert Kiyosaki telling
- 2:15us? Right, the author of Rich Dad,
- 2:17Poor dad. What's he telling us about gold
- 2:19and silver? He's giving us a big warning.
- 2:22Let's go look at his most recent tweet.
- 2:25And guys, this should make our ears perk up.
- 2:29Let's get up here. There we go.
- 2:31Robert Kiyosaki. Rich dad's rule.
- 2:33Savers are losers. Question, what does the Fed do
- 2:37when they screw up? OK, in 1987, they printed fake
- 2:42money. In 1998, when LTCM collapsed,
- 2:46they printed money. 2019, repo market seizure print, COVID
- 2:51print. Silicon Valley Bank print.
- 2:53Right, The most recent it if it's it's not a new crisis, it's
- 2:58the same crisis getting bigger. Stop saving fake dollars and in
- 3:04yellow what he says start saving real gold, silver and Bitcoin.
- 3:10Protect your wealth. America is the biggest debtor
- 3:13nation in history because of the Fed.
- 3:17The biggest crash in history is coming soon.
- 3:21Take care. So is he the town crier or is he
- 3:26for real right? Could we be in for a crash?
- 3:29I know it feels like most of us have never really had a super
- 3:33serious market crash, but if Robert Kiyosaki is correct, we
- 3:38could see a downdraft in the gold and silver price in the
- 3:41event of a crash. But the only thing the Fed can
- 3:44do, the only trick they have, is to print more money, and in the
- 3:48end that will dilute the value of the dollar.
- 3:51That will result in higher prices.
- 3:53What about China? China's taking over the precious
- 3:57metals markets, Russia taking over the precious metals
- 4:00markets, India taking over. But what is Chinese state media
- 4:05saying about silver that should make our our our ears perk up
- 4:09yet again? My fellow basement dwellers,
- 4:12let's take a look at this first and then we'll see what Chinese
- 4:15state media is saying this came from.
- 4:17Make gold great again. President Xi of China is sucking
- 4:20up the W silver to build an industrial superpower at a
- 4:24discount or set another way. You have some silver and I have
- 4:29a straw. There it is.
- 4:30See it? My straw reaches across the room
- 4:33and starts drinking your silver. Drink, drink, drink your silver.
- 4:37Drink it up. And this shows it right here.
- 4:41And we're going to look at some data, right?
- 4:43The Chinese silver price was at the time of this $40.61, so the
- 4:49Western silver price almost a full $2.00 lower at $38.84.
- 4:56Now another way that we can look at this is hold on one second
- 5:03here. Where is it?
- 5:05Oh, hold on. Here it is.
- 5:13OK. Sorry about that, guys.
- 5:14Make sure we got you on the right screen, which we do.
- 5:18I apologize for the brief delay. This is the latest information
- 5:22from our friend the Oriental Ghost.
- 5:26There he is right there and by Jajun.
- 5:30Now let's look at the the most recent data in terms of the
- 5:33silver price. We know we're around $39.00 here
- 5:35in the US Oh well. And behold, in China, the silver
- 5:40price on the Shanghai Gold Exchange is still a full $2.00
- 5:45higher. Guys, this is the Shanghai Gold
- 5:48Exchange. There's the silver price, OK.
- 5:52And there it is at 4116. But why we pay attention to this
- 5:56is because the Shanghai Gold Exchange is a physical market,
- 6:01OK? So we're comparing a pure
- 6:03physical market to a paper make believe market at the COMEX and
- 6:09the LBMA in the United States, OK.
- 6:12And their price is a full $2.00 higher.
- 6:14But it gets more interesting when we read what he has to say
- 6:18here. There's there, there are 87,000
- 6:21600 silver enterprises in China. 1600 new registrations were made
- 6:28in 2024 and 909 have been registered this year.
- 6:32CCTV, the Chinese state television reports that silver
- 6:36state silver sales are boom boom boom.
- 6:41Remember that song Boom boom boom.
- 6:43Let's go back to my room. Anyway, I got a little dirty.
- 6:47I apologize, but silver's going boom, boom, boom.
- 6:51Thanks to our friend the Oriental Ghost and July 23rd
- 6:55data silvers are at new high here.
- 6:57Let's take a look at the at the report that he's talking about
- 7:02and here we go at the upper left.
- 7:08He has it underlined in red CCTV consumer proposition.
- 7:13OK, the price of silver has been rising in the sales of silver
- 7:17bars and silver jewelry, which we've talked about a lot are
- 7:23booming. China is taking over the world
- 7:26of silver. OK, China is, is helping with
- 7:30price discovery for silver. And haven't we been waiting for
- 7:34a long, long time? Don't forget, right, our little
- 7:37friend there, the silver bear, right when he gets to $85, the
- 7:41blindfold comes off, There's firstment.
- 7:43We talked about them our our our mint bullion dealer sponsor and
- 7:49of course, we also want to say thanks to 1st Mining Gold for
- 7:52making the silver and gold content available.
- 7:54They are a development stage Canadian gold developer with two
- 7:59huge projects in Canada Spring polling Ontario du Parque in
- 8:02Quebec. They got a lot of gold in the
- 8:04ground and they're moving through the permitting process.
- 8:07It's a stock that I've owned for years, but as I say during every
- 8:11video, I'm not a financial advisor.
- 8:13Don't make any financial decisions based on what I'm
- 8:16saying here today. But I can't didn't say that back
- 8:19when silver was $20.00 an ounce and gold was below 2000, I spoke
- 8:25my heart, which is what I'm doing right now, not financial
- 8:28advice, believing that the prices would go higher.
- 8:31And that's exactly what happened.
- 8:33Let's talk about what's going on with the ETS right now.
- 8:36One final point, Chinese television talking about how
- 8:41silver is going boom, boom, boom.
- 8:44Think about that boom, boom, boom, $50 silver, $60.00 silver.
- 8:51But let's look at what's going on in the West because if the
- 8:54West wakes up my friends, we could be in for an unbelievable
- 8:59ride in the silver market. This comes from metals and
- 9:02miners. It's happening, guys.
- 9:05Silver ETF inflows at record pace in 2025 amid surging prices
- 9:12OK During the first half of 25, Silverback ETP saw net inflows
- 9:17of almost 95,000,000 oz, taking the total global holdings to
- 9:221.13 billion oz. That's almost a year's worth of
- 9:26silver, only 7% below the peak level of 1.2 billion in February
- 9:31of 2021. So what this means, why we want
- 9:34to pay attention to this is because this indicates that
- 9:39while the retail bullion market is still kind of wishy washy,
- 9:43not that great on the ETF side, the ETP side, we're seeing money
- 9:48flowing in that shows smarter money, bigger money,
- 9:52institutional type money starting to move into silver.
- 9:56And we know that as of the last report that I heard, the SLVETF
- 10:01had no shares available to be lent out, meaning it was not
- 10:06almost impossible to short the SLVETF.
- 10:10So we're going to keep an eye on that because we also know there
- 10:13are some strange things unique scenarios unfolding between the
- 10:17COMEX and the LBMA and these ETF holdings.
- 10:21People are digging into it very deeply.
- 10:23But on the electronic paper make believe silver markets, there's
- 10:28some very strange things happening.
- 10:31And one way that those strange things could get rectified could
- 10:34potentially be with a big short squeeze.
- 10:37One more chart for us to look at here guys, because this is a
- 10:42good one. We appreciate this from North
- 10:46Star Charts Silver. OK, when we were at the Red
- 10:52Arrow, I told you that the chart, a historic cup and handle
- 10:57that will be used as a case study for decades to come, was
- 11:02telling us we could move to the red circle.
- 11:05This is only stage 1 and much bigger moves lie ahead.
- 11:10Look at this guys. We are in historic times for the
- 11:13silver price and when we look at this chart, right, what he's
- 11:17talking about is this area up here which puts us up into the
- 11:22high 40s for the silver price. This can happen much quicker
- 11:27than we are expecting. We've got Russia also now
- 11:30launching their own gold trading contracts in their own gold
- 11:36exchange. Things are happening at RAT
- 11:38record speed. The other thing we'll touch on
- 11:41before we wrap up here is what we've talked about down here in
- 11:45the basement for years and years, stagflation and now even
- 11:49Goldman Sachs is talking about inflation going up through the
- 11:52end of the year. That is the flation in
- 11:55stagflation. The stag is a slowing economy.
- 11:59Remember, right, the last time we had real stagflation in this
- 12:02country was during the 70s and we saw returns on gold and
- 12:06silver that would make your eyes melt.
- 12:09It feels like we're moving into a new era.
- 12:11Chinese television telling us, right, that the Chinese people
- 12:15are going boom, boom, boom for silver.
- 12:18OK, All the analysts pointing out that every indication,
- 12:24excuse me, is that silver could be heading up into the mid to
- 12:27high 40s and that this can happen quickly.
- 12:30It's an exciting time to be here.
- 12:32It's an exciting time to be with you.
- 12:34Hey guys, don't forget, I want to mention to you, I've been
- 12:39supported by the good people at Dirty Man Safe now for quite a
- 12:43while. There it is Dirty man.
- 12:45This is the safe that you can bury in your yard just like the
- 12:49pirates did. Keep your belongings safe from
- 12:51fire, flood any form of natural disaster.
- 12:54Go learn about more about it at dirtyman.com.
- 12:57And there is a discount code. You see it there, Ron 10.
- 13:02OK, I love this thing. I was super impressed it
- 13:06exceeded my expectations when it showed up.
- 13:08And of course, thanks to Ledger, the crypto hardware wallet
- 13:12security leader for sponsoring my channel and Moon Pay right.
- 13:17They are the fintech leader, growing and innovating like no
- 13:21other company out there. Number one, you take care of
- 13:23yourself. It's going to be crazy
- 13:26interesting to see how the silver and gold market play out
- 13:29in the next 6 months. We are at a massive pivot point.
- 13:33I think the future looks bright. OK, always do your own
- 13:37diligence, but please always come back to the basement,
- 13:40subscribe to the channel and I'll see you next time.
- 13:44Have a great day.