Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER STACKERS 🚨 ALERT 🚨 -- BIG News for GOLD & SILVER Price

Transcript

SILVER STACKERS 🚨 ALERT 🚨 -- BIG News for GOLD & SILVER Price · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  The next two weeks will be huge for the precious metals prices.
• 0:04
  We got a 1-2 punch coming at us this coming week.
• 0:09
  We're going to get the CPI numbers.
• 0:11
  What can we say about that? How will that affect the price
• 0:15
  of the precious metals? But then it gets even more
• 0:19
  severe in the following week when on the 19th and 20th, our
• 0:23
  old friend Jerome Powell and all of his little governors from
• 0:27
  around the country get together and make the major announcement
• 0:31
  regarding interest rates. We're going to talk about what
• 0:34
  the market is expecting, but what we might expect.
• 0:37
  But both of those news items, one next week, 1 the following
• 0:42
  week, are going to be market movers for the precious metals
• 0:46
  prices for sure. And why do we know that?
• 0:49
  Well, there's two reasons. Number one, we know they're big
• 0:51
  news, but #2, we can see something in the charts of both
• 0:56
  gold and silver that are telling us they are both primed for
• 1:01
  major moves. Will they move up or will they
• 1:05
  move down? We're going to talk about that
• 1:07
  in this video, but we got a lot more to talk about.
• 1:10
  How do you go from having a little stack?
• 1:12
  I said little stack to a big stack, we're going to cover that
• 1:16
  in this video, but you want to make sure that your big stack is
• 1:20
  high quality. We're going to talk about that
• 1:23
  as well. We're going to talk about the
• 1:25
  need. We need a new pricing mechanism
• 1:28
  in the so over market we're going to touch on that.
• 1:32
  We're going to talk about the mining stocks, Unbelievable
• 1:35
  opportunities right now, unbelievable prices in the
• 1:41
  metals stocks. Should you consider thinking
• 1:44
  about, I don't give financial advice, but maybe consider
• 1:48
  looking at some of the mining stocks we're going to touch on
• 1:51
  why they represent such an unbelievable good deal right
• 1:55
  now. And of course, of course we're
• 1:58
  going to have some economic gloom and doom.
• 2:01
  We're going to talk some recent news that is shocking and you
• 2:05
  know, doesn't fit well with the narrative that Bidenomics is
• 2:09
  working, right. OK.
• 2:11
  All right. We're going to cover all that.
• 2:13
  Let's get into it right now. First thing this coming week,
• 2:17
  guys, we're going to get the CPI inflation report.
• 2:21
  That's going to send shockwaves through the precious metals
• 2:25
  markets. It always does.
• 2:27
  It's probably the most watched piece of data that we have right
• 2:31
  now in terms of affecting the overall markets, interest rates
• 2:36
  and the precious metals. Never and since I've been around
• 2:40
  watching these markets have we seen maybe it's different for
• 2:44
  you, right. But if do you remember a time
• 2:47
  when CPI numbers were watched so closely and if this number comes
• 2:53
  out higher than expected next week, I got bad news for you.
• 2:56
  Look, I'm not just going to give you bubble gum and rainbows and
• 3:00
  unicorns and all that fun, you know, happy stuff.
• 3:04
  We could be in big trouble with the precious metals price next
• 3:07
  week and we're going to cover that.
• 3:09
  Why, that could be the case from this charting perspective.
• 3:13
  But if we get inflation numbers that the official numbers are
• 3:18
  higher than expected, that could lead the market to think that
• 3:22
  the Fed the following week could actually raise rates.
• 3:26
  Now we know, we know the inflation numbers are horrible
• 3:29
  anyway, and we know that they're so fabricated, so fake, right?
• 3:33
  There's a website called Shadow Stats that actually calculates
• 3:37
  the inflation number now in the same manner that it was
• 3:40
  calculated back in the 70s and 80s.
• 3:42
  And when you do that, it's ridiculous how high the
• 3:46
  inflation rate is. But nonetheless, the official
• 3:49
  number, which I believe comes out of the Bureau in labor and
• 3:53
  statistics, there's another way to describe that organization,
• 3:57
  that fine Washington, DC organization.
• 3:59
  You may have heard this. Some people on Wall Street call
• 4:02
  it the Bureau of Lies and Statistics.
• 4:06
  But when they announced that number on Wednesday, that's
• 4:09
  going to send shockwaves through the bond market, through the
• 4:13
  precious metals market. So we need to be mentally
• 4:16
  prepared for what's to come. Now look, the big picture
• 4:19
  thesis, has it changed? Right.
• 4:21
  Do you, do you feel any differently now about your gold,
• 4:25
  your silver, your platinum than you did, let's say, a month ago
• 4:28
  or a year ago? I don't.
• 4:30
  I know the big picture thesis and we're not going to go down
• 4:33
  that rabbit hole. But we know, right?
• 4:35
  We we know that the financial system, the monetary system is
• 4:39
  so screwed up right now that it doesn't really matter what
• 4:44
  little smoke and mirrors, little short term tricks and massaging
• 4:48
  this data, massaging that data, We know that mathematically in
• 4:53
  mathematics show no forgiveness on the altar of truth.
• 4:56
  Do you like that statement? I have to ask you that question.
• 4:59
  That's one of my favorite statements.
• 5:01
  I read it like back in the early days.
• 5:04
  You you probably are like me. You can remember when you first
• 5:08
  woke up right when you first started to realize like, wow,
• 5:12
  things are really screwy out there.
• 5:14
  The the Fed and the monetary system.
• 5:16
  Things are strike that initial waking up period.
• 5:19
  And I remember reading somebody made that comment it might have
• 5:22
  been just even in a Yahoo finance forum or message board
• 5:26
  whatever the heck they call those things.
• 5:28
  I'm dating myself, but somebody said math shows no forgiveness
• 5:33
  on the altar of truth. 3 + 3 is always 6, and that's what the
• 5:37
  feds facing right now. They're facing the altar of
• 5:41
  truth and the fact about what we have going on in the world with
• 5:45
  the bricks and everything else. Don't worry, I'm not going to go
• 5:47
  down that rabbit hole. But it's forcing the truth upon
• 5:51
  the Fed. Forcing the truth in a lot of
• 5:55
  ways upon the United States economy as a whole.
• 5:58
  And it's going to be an interesting 369 months ahead of
• 6:02
  us. Buckle in nonetheless, this week
• 6:05
  on Wednesday, Wednesday is the big day.
• 6:09
  We're going to get the inflation report, the official number.
• 6:12
  Be prepared. OK, Look, we you can deal with
• 6:16
  it. I know you can.
• 6:17
  I mean, gosh guys, that's one thing.
• 6:18
  Let's just take a quick a quick inventory of ourselves.
• 6:24
  What we've been through is precious metals investors over
• 6:28
  the last two years. It has been, I don't know, you
• 6:30
  remember there was a video game when we were kids, I think it
• 6:34
  was called Knockout. Remember at the 711 there was a
• 6:37
  711 by my house. And man, those were the good old
• 6:40
  days. 1/4 was really something, you know, My mom gave me a
• 6:43
  quarter. I'd go to the 711.
• 6:45
  They always had new video games, like rotated them through every
• 6:48
  month. And they had that one called
• 6:49
  Knockout where you were a boxer. And it was like body blow, body
• 6:53
  blow, body blow. And that's what you've dealt
• 6:55
  with over the last couple years. If you've invested in in
• 7:00
  platinum, gold, silver, precious metal mining stocks in
• 7:03
  particular. If you bought precious metal
• 7:05
  mining stocks like I did, OK, my hands up you didn't get.
• 7:10
  You got a kick to the coconuts. A couple kicks to the coconuts,
• 7:16
  right. Precious metal mining stocks
• 7:18
  have been beat down South. Whatever they do Wednesday,
• 7:21
  shortterm noise. In the end, you're going to be
• 7:24
  proven right? I believe that.
• 7:26
  Look, I'm not giving financial advice.
• 7:28
  You know, if I'd given you financial advice one year ago, I
• 7:31
  would have said the precious metal mining stocks were a great
• 7:34
  value. And they were.
• 7:36
  They absolutely were, but they sure as heck have become even a
• 7:40
  greater value now one year later.
• 7:43
  So you know, make your own mind up.
• 7:45
  Don't, don't, don't come to me for a relationship advice or
• 7:50
  financial advice. Although I will tell you what
• 7:52
  I'm doing. I'm very transparent.
• 7:54
  I have been buying mining stocks lately, actually increased my
• 7:58
  position in first mining gold during this last week.
• 8:01
  I believe they represent an unbelievable value opportunity.
• 8:07
  I've got some things written down.
• 8:09
  You know, they offer superior price appreciation.
• 8:12
  That's just my opinion. But when I know when I'm buying
• 8:15
  a stock for $0.10 that has what I think maybe a dollar dollar
• 8:22
  fifty of actual value at least $0.20, at least $0.30, the
• 8:27
  upside potential far outweighs the downside risk.
• 8:30
  You know, that's the we're going to get technical about something
• 8:33
  right now. I'm going to We're going to
• 8:35
  learn something when I and I'm. I'm not coming at you like I'm
• 8:38
  some guru, but this is an important thing to understand.
• 8:42
  This relates to silver, gold. This also relates to the
• 8:46
  precious metal mining stocks. When you go into any investment,
• 8:50
  you want to analyze the risk in the most ideal situation.
• 8:54
  Thank you for the Super chat, my friend spits.
• 8:57
  Truth why I forgot about begging for super chats.
• 9:00
  Super chats are super cool and they're never expected, but they
• 9:04
  are always appreciated. So thank you.
• 9:06
  And by the way, thumbs up. I'm going to beg just one more
• 9:09
  time after this. You see that it looks like that
• 9:11
  on your screen. Press that in.
• 9:12
  I'm going to ring the bell for you because you gave this a
• 9:15
  thumbs up. When you go into an investment,
• 9:18
  you want what's called. You want a fancy word?
• 9:20
  Get out a pen. Get out a pen and paper.
• 9:22
  Who doesn't like? You know we have egos like to
• 9:24
  say a fancy word. You want to look for a symmetric
• 9:28
  risk. You can sound like a big fancy
• 9:31
  Wall Street guy when you talk about that.
• 9:33
  Asymmetric risk means the downside risk is far outweighed
• 9:39
  by the upside potential. So let's say you're buying a
• 9:42
  stock for $0.10 and you look at it and you think, well, worst
• 9:46
  case scenario it could go to a nickel, right?
• 9:49
  But realistically, best case scenario, it could go to $0.50.
• 9:53
  So on the upside, you have the opportunity to gain four times
• 9:57
  your money. On the downside, you can lose
• 9:59
  the 5th, you know, five cents. The risk of gain is much bigger.
• 10:05
  The opportunity for gain is much bigger than the downside risk.
• 10:10
  Wow. Thank you, Ron McAdams.
• 10:12
  And that's the way that that we that I think we can benefit.
• 10:16
  Do do you agree with this statement that silver and gold
• 10:20
  themselves offer what I think is a great asymmetric risk?
• 10:24
  Look, when I look at silver, I'm just going to zoom in, Let's
• 10:27
  zoom in on silver. When I look at this sucker, this
• 10:31
  is my 10 ounce bar, right, .999. I love it when I look at this.
• 10:38
  OK, oh, let's say it's worth 250 bucks, right?
• 10:42
  I think the worst case scenario that I could see was silver.
• 10:47
  OK, roughly, we're going to say we're at $25.00 an ounce.
• 10:50
  The worst case, let's say it goes to 20 or 18.
• 10:55
  All right, so it could go down, but the best case is, it could
• 10:59
  go. You know what I think?
• 11:00
  It could go to $100.00 an ounce. It could go to $200.00 an ounce.
• 11:04
  It could go to $50.00 an ounce. But the bottom line is, the
• 11:11
  bottom line is I'm losing my voice.
• 11:13
  I guess I need to stop yelling so much.
• 11:15
  The bottom line is that, let me turn up the volume here.
• 11:20
  Can you guys hear me OK? Can you guys hear me OK?
• 11:23
  The bottom line is the upside potential far outweighs any
• 11:29
  downside risk. And that's something that you
• 11:31
  can be excited about. Go look at your silver stack
• 11:35
  right now. OK?
• 11:36
  Just take a look at it. Right.
• 11:37
  I can look over some pieces of silver I have right now.
• 11:40
  Thank you. Whoa, man spits in truth.
• 11:44
  Thank you for that super chat. I'm feeling spoiled.
• 11:51
  Sorry about the coughing. Look at your look at your, look
• 11:55
  at your stack of metal and realize, OK, maybe you feel
• 11:59
  differently than I do, but you know, here, here's a beautiful
• 12:03
  one ounce silver round. Isn't that cool?
• 12:07
  That's from Scottsdale Met. There you go.
• 12:11
  I got to be honest, it's one of my favorites.
• 12:14
  Yeah, it can go down in value. Okay.
• 12:16
  But I just know in my bones, and I have a feeling you do too,
• 12:20
  that it could also go way up, way further than it could ever
• 12:25
  go down. Gold.
• 12:26
  Same thing. Platinum.
• 12:27
  I know Neil, the platinum guru feels the same way.
• 12:30
  Hello. Annie Oakley.
• 12:32
  Annie Oakley. Something about that name I
• 12:34
  love. Thank you.
• 12:35
  Coin Shop. Chris.
• 12:37
  Jake's custom parts. And I think Neil is here.
• 12:39
  All you guys, all the monitors and missed any monitors.
• 12:42
  Why don't I keep CPI the following week?
• 12:50
  You know, you want to impress your coworkers and 9th and 20th
• 12:55
  is the Federal Reserve's military policy.
• 13:00
  Look, right now here's a little bit of information for you.
• 13:03
  The market, because they have like, ways you can bet on this,
• 13:06
  are saying there's only like a 7% chance that we're going to
• 13:09
  have a rate increase. Okay.
• 13:11
  So in some ways we're set up for a little bit of failure.
• 13:16
  Because if we do get high inflation next week and the odds
• 13:19
  of a rate increase go up, that could be bad for the silver
• 13:23
  price and the gold price. Thank you, Sharon.
• 13:26
  Man, you guys are spoiling me tonight.
• 13:28
  Thank you for the Super chat. But on the 19th and 20th, we're
• 13:33
  gonna have Jerome Powell. And I missed the Super chat.
• 13:37
  Hold on, hold on. I missed 1 Twin shop.
• 13:40
  Chris is is yelling at me. He's the guy I'm gonna throw a
• 13:43
  Ding Dong at him. Snake bite.
• 13:45
  Thank you. Snake bite.
• 13:46
  Ron McAdams. Kenneth.
• 13:48
  Kenneth. I think you're the one I miss.
• 13:49
  Thank you, Kenneth, for the Super chat.
• 13:51
  Thank you all, you guys, for all your support of the channel,
• 13:54
  right? We are basement dwellers.
• 13:57
  Welcome to the club. You're welcome Here.
• 13:59
  You got a new set of friends. We're hanging out every single
• 14:03
  day. OK, that's my pledge.
• 14:06
  That's the basement pledge. I'll be here every day for the
• 14:10
  rest of my life. You're going to have a lot of
• 14:12
  fun watching me deteriorate further than I already have, but
• 14:16
  I'll be here come hecker high water.
• 14:18
  Even if I'm stacking crude oil in the basement and I'm just
• 14:21
  sticking my head above the oil level talking to you, we're
• 14:24
  going to be together. OK?
• 14:27
  Now I lost my train of thought. Oh, big, big, big news on the
• 14:30
  19th and 20th out of the Fed, out of our friend Juro.
• 14:33
  Me pal, who is, you guessed it, in a box.
• 14:41
  Hi guys. I'm in a box.
• 14:45
  You know why? Recession?
• 14:48
  Inflation. Think about this.
• 14:52
  Think about this. Think about this.
• 14:55
  Oil is skyrocketing. Look, we have a new little thing
• 14:59
  we're doing here in the basement.
• 15:01
  Don't forget if the world economy were a human body, the
• 15:05
  left foot is silver and the right foot is gold.
• 15:08
  It is the base upon which the whole body stands.
• 15:12
  The blood going through that body, right?
• 15:15
  That's oil. OK?
• 15:17
  Oil is skyrocketing. Inflation is going to be a
• 15:20
  problem. Thank you for the Super chat,
• 15:22
  Michael KOK. Inflation is going to be a
• 15:26
  problem. Remember that.
• 15:28
  Now remember this. What's going on in the economy?
• 15:31
  Let me, let me read. I've got some some crazy.
• 15:36
  I can't believe it makes me mad. Does it make you mad that
• 15:39
  they're saying, oh, bidenomics, oh, the economy's growing, the
• 15:43
  economy's doing great. Well, then tell me.
• 15:45
  Right? Riddle me this.
• 15:49
  Riddle me this. Here's a headline for you.
• 15:54
  If the economy so great, I ask you this question.
• 15:57
  Why are rail volumes falling for the third straight month in
• 16:02
  August? Why are rail OK here?
• 16:06
  I'm not going to read this whole article, but this is critical
• 16:08
  and we need to ask ourselves what is this telling us when it
• 16:11
  says that August was the third straight month in which total
• 16:15
  year over year United States rail car loads.
• 16:20
  That means those cars you see being pulled down the track by
• 16:23
  the trains have fallen, the Association of American Railroad
• 16:27
  Senior Vice President John T Gray reported on September 6th.
• 16:32
  Total combined US traffic for the 1st 35 weeks of 2023 was
• 16:40
  16,000,000 car loads and intermodal units, a decrease of
• 16:44
  4.9% compared to the last year. Guys, think about let let's
• 16:51
  let's what is it telling us when the railroads are experiencing
• 16:55
  5% less volume, Railroads ship products all over the country,
• 17:01
  but they're also very much involved with the manufacturing
• 17:05
  sector, probably more so than the trucking.
• 17:09
  The truckers are involved with manufacturing, but they ship a
• 17:12
  lot of stuff to retail, things like that.
• 17:14
  When we're getting real data, okay, that's real live data from
• 17:19
  the American Railroad Association telling us that
• 17:22
  their volume is down by 5%. How can we reconcile that with a
• 17:29
  supposed growing economy? Now next question for you to
• 17:33
  think about. We know that volume in the
• 17:36
  trucking industry is down by almost 10%.
• 17:40
  How in the heck can you have railroad volume dropping 5% and
• 17:46
  trucking volume dropping 10% and you're going to tell me that we
• 17:49
  have an expanding economy. I got to ring the bell 10.
• 17:55
  Thank you, guys. We got 100 thumbs up.
• 17:57
  Thank you. We have 200 people on a Saturday
• 18:00
  afternoon. So let's, let's go back and pull
• 18:03
  this together. We have inflation that's going
• 18:06
  up and we have an economy that's going down.
• 18:09
  Don't worry, I'm not going to get into the stagflation talk,
• 18:13
  Okay. But we got to remember that is
• 18:16
  stagflation. That is, that is Jerome in that
• 18:19
  box. Okay.
• 18:20
  The poor guy is in big trouble because he's going to run over
• 18:24
  and try to deal with the inflation, which is what he's
• 18:28
  doing right now. Tight monetary policy that
• 18:31
  causes the economy to slow down, which we've got right now way
• 18:34
  slower than they're telling us. Officially, she's going to run
• 18:37
  over there and he's going to have to loosen.
• 18:39
  But when he loosens, that makes inflation worse.
• 18:41
  It's a horrible doom spiral. But what makes it even more this
• 18:46
  is this. This, I think, speaks volumes.
• 18:51
  All right. And I want your thoughts on
• 18:53
  this, your opinion as well. We're in such a great, strong
• 18:57
  economy. Read this headline.
• 18:59
  This is, you know who the biggest retailer in our country
• 19:02
  is. Walmart, right?
• 19:03
  I don't know. Do you like Walmart?
• 19:05
  I I'm kind of mediocre on Walmart.
• 19:08
  You know, we got one kind of close to our house.
• 19:10
  Yeah. Well, anyway, you know, I don't
• 19:12
  go there that often, but a lot of people do.
• 19:15
  They're the biggest retailer in the world, quite possibly,
• 19:19
  definitely here in the United States.
• 19:22
  Well headline Walmart pay cut for new hires indicates economic
• 19:28
  downturn has arrived. The latest jobs report has
• 19:30
  revealed the US labor market, while still adding jobs, show
• 19:34
  signs of cooling. Walmart, the nation's largest
• 19:37
  private employer, has noticed the slowdown and is cutting pay
• 19:42
  for their new store hires. Walmart.
• 19:45
  If you go get a job at Walmart right now, look, personally, I
• 19:49
  wouldn't recommend it. I'd try to get a job somewhere
• 19:51
  else. But nothing wrong with working.
• 19:53
  Working is great working at Walmart, but if you go right now
• 19:56
  to get a job at Walmart, they're going to pay you less than they
• 20:00
  would have paid you per hour one year ago.
• 20:05
  Let that sink in. What does that tell us?
• 20:07
  That tells us Walmart isn't having such a hard time finding
• 20:12
  employees. Things are changing all this.
• 20:16
  All this smoke and mirror mirage.
• 20:19
  Oh, the employment's great. No, but.
• 20:21
  But let me, let me remind you of something.
• 20:24
  The one pillar that's been holding up the economy, hope,
• 20:29
  the BS, you know, whatever. But it is what it is.
• 20:33
  The one pillar they've been standing on, the last one has
• 20:36
  been strong employment. This is real data.
• 20:40
  This is real information. Walmart is cutting pay for their
• 20:44
  new hires. They wouldn't be doing that if
• 20:47
  they were having a hard time finding new hires.
• 20:51
  I'm going to take a quick break and take a little sip of water.
• 20:53
  I'll be right back. I'm not going anywhere.
• 20:55
  Don't you go anywhere. Walmart.
• 21:11
  Right. Nation's biggest retailer
• 21:14
  cutting salaries. Basically guys, it's coming and
• 21:18
  it's coming at us and it's going to happen soon.
• 21:21
  The new, the new payment structure means new hires who
• 21:23
  joined the digital or stocking departments will make about a
• 21:27
  dollar an hour less than they would have if they were hired a
• 21:30
  we a year earlier. And don't you just love big
• 21:34
  companies? Let me tell you something.
• 21:35
  Let me tell you a fact about big companies.
• 21:38
  They're always looking out for the bottom line.
• 21:40
  They're always looking out for basically, this is just my
• 21:46
  opinion. They don't really, really care
• 21:49
  about their employees, right? They care about profits, They
• 21:52
  care about bonuses for the executives.
• 21:55
  And they put through these these bad deals, right?
• 21:58
  And maybe there's a few exceptions out there, but
• 22:00
  overall, I've been around long enough.
• 22:02
  I worked in the corporate world briefly when I was younger.
• 22:06
  It's all a bunch of BS, OK? And they put the screws to
• 22:11
  people on a regular basis. I got a funny story for you.
• 22:14
  I'm going to tell you about that when I'm done here.
• 22:16
  But they put the screws to people and then they try to spin
• 22:19
  it with, spin it with. I thought I'd ring the bell.
• 22:23
  Chris keeps telling me to ring the bell, bell, bell, bell.
• 22:25
  I'll ring it for Chris. I tell you what, I'm like a
• 22:28
  trained dog. Whatever coin shop Chris tells
• 22:30
  me to do, I do. Probably going to start eating a
• 22:33
  bunch of Ding Dongs on a daily basis anyway.
• 22:36
  They put the screws to people and then they put out this, like
• 22:40
  press release to try to make it out like they're doing something
• 22:44
  good. This is what Walmart said.
• 22:46
  Let put up your BS meter, OK? Raise your finger if you think
• 22:51
  this is BS. Walmart said this will allow for
• 22:55
  better staffing throughout the store, said one of the
• 22:59
  documents. Walmart has already raised
• 23:01
  hourly pay for 50,000 workers because their pay was below the
• 23:05
  new minimum. On Thursday, Walmart
• 23:07
  spokesperson spokeswoman confirmed that there's a Lady
• 23:11
  Stackers and there's Lady spokespeople at Walmart
• 23:13
  confirmed the pay structure change, adding it will allow new
• 23:17
  workers to learn and improve on skills to climb the company
• 23:22
  ladder. And there's my BS meter.
• 23:27
  No, Walmart, what you're doing is paying people less because
• 23:30
  you can get away with it right now.
• 23:32
  That's the truth, right? And the only reason you raised
• 23:35
  wages a year ago is because you couldn't find people.
• 23:38
  But now, Walmart, that you can find all the people you need,
• 23:41
  you're going to cut people's salary.
• 23:43
  And that's the truth. It has nothing to do with
• 23:46
  anything else. You want to make more profit.
• 23:49
  It's a numbers game. You don't really care about your
• 23:52
  employees. Oh, op.
• 23:53
  But I'm sure you've got some nice fancy pamphlets saying how
• 23:57
  you all these great things you want to do for your employees
• 24:00
  and and and you got them smiling, blah blah blah.
• 24:02
  Anyway, I digress. I digress.
• 24:06
  I'll tell you a story. You want to hear A story?
• 24:08
  The one more quick story. This is a true story.
• 24:10
  I swear on anyone's life about how the corporate world will
• 24:14
  stick it to you. When I was young, when I was 25
• 24:16
  years old, I worked for about a year for a company called Robert
• 24:19
  Half International. The world's oldest and largest
• 24:22
  specialized staffing firm. Okay.
• 24:26
  I started a little division for them in St.
• 24:28
  Louis in the tech field called RHI Hi Consulting and I lit the
• 24:32
  world on fire. I mean, I was the number one
• 24:35
  producer in the country, in the world, whatever.
• 24:38
  I made so much profit for them in the matter of a year your
• 24:41
  head would spend, this was like 1995 or something like that.
• 24:45
  I was dealing with Novell network engineers and that was
• 24:49
  when Microsoft was first, anyway, NT administrators.
• 24:53
  This is a true story. I mean, I made like, I think it
• 24:57
  was almost like in one year I made like $700,000 profit for
• 25:01
  the company and I had a deal. I was a young man and my
• 25:03
  Commission structure was, I got 10% of the profit.
• 25:06
  So I made like 80 K And when you're 24 years old and this was
• 25:11
  1994, that was a lot of money, right?
• 25:13
  And they sent me to San Francisco and I got to stay at
• 25:16
  the Ritz Carlton. I brought my buddy Little Ricky
• 25:18
  with me because I was going through some relationship
• 25:21
  problems with the ladies at the time.
• 25:23
  And we had a good time. We tore the Ritz Carlton apart
• 25:26
  and they had a big party and, you know, fancy thing at the
• 25:29
  Ritz Carlton and blah, blah, blah, blah, blah, blah, blah,
• 25:32
  blah. I get back to the office and
• 25:34
  like a week later, this guy comes in from Texas, He's my
• 25:37
  boss's boss, and he calls me into a conference room.
• 25:40
  OK, now remember, I'd made $700,000 in profit for this
• 25:45
  company and and they only paid me 70.
• 25:49
  OK, sure, I had some benefits, whatever, but they made a lot of
• 25:52
  profit. I was, I was lighting it on
• 25:55
  fire, Right. I'd like to think it was because
• 25:57
  of my boy's good looks and charming personality and
• 26:00
  superior technical skills, but really, it was just a really
• 26:03
  great time to be in that business and I was working hard
• 26:06
  and everything else. Anyway, they pulled me into a
• 26:07
  conference room, my boss and my boss's boss from Texas, this guy
• 26:11
  named Bob, who I didn't really like.
• 26:14
  Anyway, they sent me down. They say you're doing a great
• 26:16
  job, Ron, blah blah blah. We're going to give you some
• 26:19
  stock options. So, you know, if the company
• 26:21
  stock goes to, you know, 16,000,000, you're going to get
• 26:25
  you'll, you'll, you'll have these options where you can make
• 26:28
  some money. And I'm thinking, uh, oh, I bet
• 26:30
  they're going to stick the screws to me.
• 26:32
  Then he goes on to say, but we got to cut your Commission.
• 26:36
  We're paying. You're making too much money.
• 26:38
  We got to, we got to cut your Commission.
• 26:40
  We're going to cut it from 10% down to 5%.
• 26:43
  And I was like, what? Are you serious?
• 26:46
  You know you're I'm an accountant.
• 26:48
  You're already making like $600,000 profit off me.
• 26:53
  I said you got to be kidding me. He said, Nope, Nope.
• 26:56
  And then this is what this guy says to me.
• 26:58
  This is how dumb he thought I was.
• 27:00
  He looks at me. He says Ron, but he was older.
• 27:02
  He's probably my age, which was older to me at that point.
• 27:05
  Said when I used to work for IBM, he was from Texas, and I
• 27:08
  love people from Texas. He said when I used to work for
• 27:11
  IBM, they would cut my Commission percentage all the
• 27:15
  time, he said. And I looked at it as a good
• 27:18
  thing because that meant I could work harder and figure out new
• 27:22
  ways to bring in more business to make the same money.
• 27:25
  And I looked at this guy. This is a true story.
• 27:28
  I looked at him, OK, because I was mad because I knew how much
• 27:32
  money I was making that company. I looked at him and I said, Bob,
• 27:35
  I said, you know what? Either you think I'm really
• 27:38
  stupid or you are really stupid. And I quit and I got up and
• 27:43
  walked out and then they begged me to stay, which I did for like
• 27:46
  another month. But I was like, you know what?
• 27:48
  This is stupid. A company treats their people
• 27:50
  that way. Sorry, you probably didn't want
• 27:52
  to hear a story from my life, But, you know, big companies,
• 27:56
  OK, so there's some exceptions, no doubt about it.
• 28:00
  But at the end of the day, they're beholden to the top
• 28:03
  management, and they're beholden to the shareholders that want
• 28:07
  nothing more than big money, big profit to come in.
• 28:10
  I'm sorry. You know what?
• 28:11
  I made this into a personal thing that still makes my blood
• 28:14
  boil like he thought I was dumb. No comment on that.
• 28:20
  OK, let's get back to this. We're talking about silver and
• 28:22
  gold, not how to negotiate pay or pay raises.
• 28:26
  So yeah, you know Walmart, now, they're going to offer their
• 28:28
  employees all these new opportunities because they're
• 28:30
  cutting everyone's pay. How do you get a big stack?
• 28:33
  Let's talk about silver. Let's just talk about silver.
• 28:36
  I get this question all the time, Ron.
• 28:38
  What's the best way you know I can answer.
• 28:42
  I can't answer many things definitively in this business,
• 28:45
  but I can answer how to get a big stack definitive
• 28:48
  definitively. You dollar cost average period
• 28:51
  by a certain amount every month. Over time.
• 28:54
  Whatever you have now will get bigger and bigger and bigger by
• 28:59
  every three months, by every week, whatever works for you, it
• 29:03
  will get bigger and bigger and bigger.
• 29:07
  Make sure coin shop. Chris and I talked about this
• 29:09
  earlier. Oh what a great time to mention
• 29:12
  our sponsor pin backs. Where is it?
• 29:14
  There it is. Pi, MB EX pin backs.
• 29:19
  OK, I like to say the name of the company, but what I like
• 29:22
  even more is their variety of silver, gold and platinum and
• 29:27
  their prices and their service. They're a topnotch guys.
• 29:30
  They're a family owned company, OK, they're they're they're
• 29:34
  they're growing. And there's a reason why they're
• 29:37
  growing because they offer the same thing that you can get at
• 29:42
  the other big places for a lower premium.
• 29:49
  So check them out if you're looking to buy some silver gold,
• 29:51
  if you're looking to do some dollar cost averaging.
• 29:53
  That was not a setup coin shop. Chris reminded me to mention and
• 29:57
  and they sponsor the show Okay. And I can tell you that I've
• 30:01
  received a lot of in a lot of feedback in the comments section
• 30:05
  and individual emails that people are happy with.
• 30:09
  Pin Becks, OK, there's a reason why they're growing at the rate
• 30:12
  that they're growing and that's because they're doing things
• 30:14
  right. I think Pin Becks is best and
• 30:17
  you will too. And I mean that from the bottom
• 30:20
  of my heart, OK. You know, I don't do
• 30:22
  sponsorships with companies that I don't believe in 100% and that
• 30:27
  I've done business with personally.
• 30:29
  Do we need a new pricing mechanism in the silver market?
• 30:32
  Did you guys hear this here? Here's some breaking news from
• 30:35
  the Comex. You want to talk about the
• 30:37
  Comex? You know, the electronic
• 30:39
  exchange that sets the price of silver?
• 30:43
  I've called Comex the Walmart of the silver business, right,
• 30:47
  Because the Comex loves to rollback prices.
• 30:50
  Remember, that was Walmart's big thing, price rollbacks.
• 30:53
  Well, that's the big thing at the Comex too.
• 30:55
  They love to rollback prices. But hold on, we got, we got a
• 31:00
  piece of information for you regarding the Comex because we
• 31:04
  do need to get a new pricing mechanism for silver.
• 31:09
  Keith Newmeyer talks about it, right?
• 31:12
  The Chinese have talked about it.
• 31:14
  We need a new way for the price of silver to be determined.
• 31:18
  There's no other way around it, no if ands or buts okay here.
• 31:23
  This is from the silver diging Club, one of the guys that
• 31:27
  tracks the inventories at the Comex.
• 31:29
  It says Comex silver vaults draining eligible to a new post
• 31:35
  squeeze record low OK, remember there's eligible inventory at
• 31:40
  the Comex and registered. The registered is the silver
• 31:44
  that's basically available to be delivered on the contracts.
• 31:47
  The eligible has some other type of claim on it.
• 31:50
  It's not eligible to be delivered.
• 31:52
  It's usually held by maybe ETF's or individual investors who
• 31:56
  don't want to make it available to be delivered on those
• 31:59
  contracts that are written at like 30 or 400 times for each
• 32:04
  oz. So the eligible is like, it's
• 32:07
  like and I've used this analogy, it's like, it's like the
• 32:10
  inventory that's in the Walmart warehouse, right.
• 32:13
  It's there, it's owned, but it's not in the store and available
• 32:18
  for sale. Basically that inventory, the
• 32:21
  eligible is apparently now at a post squeeze and we say post
• 32:25
  squeeze, we mean the silver squeeze that happened what in
• 32:29
  February of 2021, so for the last 2 1/2 years, the eligible
• 32:34
  now why is that good potentially for the silver price?
• 32:40
  Because guys, the amount of silver owned in the electronic
• 32:44
  ETF's has been decreasing. Okay, That's bad, right?
• 32:49
  I mean, you know, I'm not I, I don't like the Silver ETS, the
• 32:53
  SLV BlackRock owns, right? I do if I were to do one or the
• 32:58
  other, I like the PSLV, the sprat physical Silver Trust.
• 33:02
  But the fact that the silver in the eligible category is
• 33:07
  decreasing, what what that means is that when it goes, when it
• 33:12
  goes back the other way, that's going to put huge buying
• 33:16
  pressure on the silver market. At least that's the way I see
• 33:19
  it, right when people, when we get that run for silver again.
• 33:24
  And I don't, I don't advise, I don't give any financial advice,
• 33:28
  but I don't advise buying the SLV silver ETF, OK, I like to
• 33:35
  buy physical silver, I think you do too.
• 33:36
  But when people do run to that, that's going to create big
• 33:41
  buying pressure in the silver markets.
• 33:44
  Think about that, let that sink in for a second.
• 33:47
  Think about this right. And again, you know I, I still
• 33:50
  go back to this talk that I heard by Keith Newmeyer talking
• 33:53
  about we need a new pricing mechanism in the silver market.
• 33:59
  But guess what? We're going to get it.
• 34:01
  Okay. OK, Cuz I've heard the Super
• 34:04
  smart guys talking about the fact that what's going on in the
• 34:08
  East right now, what's going on in Moscow, what's going on in
• 34:13
  Shanghai, what's going on in Mumbai, what's going on in a
• 34:18
  number of other Eastern cities is we're getting new markets
• 34:23
  being developed for the precious metals.
• 34:26
  And why? Well, because they know.
• 34:29
  They know. They've explicitly said that the
• 34:32
  price, as determined by the COMEX and by the LBMA, the
• 34:37
  London Billion Market Association, is a bunch of bunk
• 34:42
  Unicorn fart dust. OK, I know we haven't talked
• 34:45
  about that for a while, my friends, my basement dwellers,
• 34:48
  but that's the reality. Those prices aren't real.
• 34:52
  They are make believe. So the Eastern countries are
• 34:56
  making solid moves, right. The Shanghai Cooperation
• 34:59
  Organization look into that, look what they're doing and we
• 35:03
  will get a new pricing mechanism.
• 35:06
  It'll be forced upon the the Western, the Comex and the LBMA
• 35:11
  because you know what's going to happen.
• 35:12
  Those markets are going to expand.
• 35:14
  People are going to trust them, and there's going to be a big
• 35:18
  difference in price between the east for silver, gold and
• 35:22
  platinum and the COMEX and the LBMA.
• 35:25
  So people will, it's called arbitrage.
• 35:28
  People will start buying out of the western vaults, out of the
• 35:34
  registered category, and there's not a lot there to buy and
• 35:38
  selling in the eastern markets to make that spread, to make
• 35:41
  that profit. It's common.
• 35:44
  OK, even the Chinese, there was an open letter that I read.
• 35:48
  SD Bullion had it in one of their videos like 6.
• 35:51
  I don't know 8 weeks ago where that there was open letter
• 35:54
  written to one of the big newspapers in in in in Shanghai
• 35:59
  or in China somewhere. I think it was Shanghai.
• 36:01
  Anyway, this article basically said that that you know we need
• 36:05
  they they were saying we need $100 silver, keep new.
• 36:08
  Meyer says we need $100 silver. Silver is not right now at this
• 36:15
  price. It's so artificial.
• 36:17
  It's so phony. You know, they're only
• 36:20
  perpetuating the explosion that's going to happen in the
• 36:24
  silver market because and we've talked, you know, we, you
• 36:27
  remember, we've talked about this ad nauseam, right.
• 36:30
  The mining companies they are now they have no incentive to
• 36:34
  open new silver mines to discover and explore for silver.
• 36:38
  They have no, there's nothing, nothing there.
• 36:40
  Why would they do it? It's only making the supply
• 36:43
  system more constrained. Not to mention like we talked
• 36:46
  about this morning, a lot of the smelters right now is energy
• 36:51
  prices are exploding. And I guess in Europe that's
• 36:54
  where a lot, especially for like like the base metals, nickel and
• 36:58
  platinum and the other more industrial type metals, they're
• 37:02
  shutting down because they're dealing with natural gas prices
• 37:06
  that are the equivalent of $600 a barrel of crude oil.
• 37:10
  Natural gas prices are crazy, crazy high right now.
• 37:15
  We got more to talk about. We got more, We got more.
• 37:20
  We got big money. Still buying silver.
• 37:24
  Still buying gold coin shop. Chris and I, when you're done
• 37:27
  watching this, put out a video this afternoon.
• 37:29
  He's talking about a guy that came in.
• 37:33
  Well, he sent his wife in and and bought $150,000, mostly of
• 37:38
  silver. You know, I'm hearing it from
• 37:40
  other sources as well. Big money is still buying the
• 37:44
  metals. We know what the Chinese are
• 37:46
  doing. The Chinese.
• 37:48
  Now, it's estimated that they have 5000 metric tons of gold
• 37:51
  under their control. Remember, they're the second
• 37:54
  biggest economy in the world and they are buying gold hand over
• 37:57
  fist. All right, buddy.
• 37:59
  Rumble, the Louisiana gold guru, is telling you and telling me
• 38:05
  that we're going to have $32 silver by Christmas.
• 38:08
  We're going to have him here for a big Christmas party if that
• 38:10
  comes true, right. We're going to read between the
• 38:18
  lines. You're a deep thinker.
• 38:19
  I'm a deep thinker. We know, and we're not going to
• 38:22
  go, we're not going to go completely down the the Bricks
• 38:25
  rabbit hole, don't worry. But we know the bricks situation
• 38:28
  which is unfolding. We got some news.
• 38:31
  The big G20 summit is going on right now in India.
• 38:34
  OK, big deal, right. All the Western countries get
• 38:38
  together and India kind of plays both sides of the fence.
• 38:41
  OK, Guess who didn't show up? Guess who said thanks, but no
• 38:47
  thanks. I don't.
• 38:49
  I'm not coming to the G20 summit.
• 38:51
  Well, you know, Putin didn't go because they dabbed there.
• 38:54
  They, you know, he's evil. They're going to arrest him,
• 38:56
  President G of China said. Thanks but no thanks.
• 39:01
  I'm not going to the summit now. Now consider this.
• 39:05
  Look at the footage of when Joe Biden, our president, arrived in
• 39:11
  India at the airport. It's pretty interesting that
• 39:16
  hardly nobody showed up to greet him.
• 39:19
  OK, they were kind of. It was kind of like when he
• 39:21
  showed up in Saudi Arabia, like four months ago, nobody showed
• 39:25
  up to greet Joe and Saudi Arabia.
• 39:28
  When President G showed up in Saudi Arabia.
• 39:31
  They had like, the horse cavalry.
• 39:33
  They had the military. They had fighter jets flying
• 39:35
  over, putting out smoke with the Chinese flag colors.
• 39:39
  Guys read between the lines. How much the world is changing
• 39:44
  right now? OK, G, President G of China did
• 39:49
  not go to India. And and here let me read this
• 39:53
  quickly because this, this gives us another, another hint of
• 39:56
  what's going on in the world regarding this summit.
• 40:03
  We're going to talk about the details of silver and gold.
• 40:06
  But I know you're smart and I know you want to know what's
• 40:08
  going on in the world as well. And Papa, here we Go headline
• 40:14
  from CNBC. The G20 nations soften their
• 40:19
  Russia condemnation to reach del Delhi summit.
• 40:23
  So it's in Delhi compromise and Ukraine's mad, OK, so basically,
• 40:29
  guys, basically what we had happened was G doesn't go.
• 40:33
  Putin doesn't go to the G20. And now there's been, let's say,
• 40:40
  compromise on the side of the West that they wouldn't condemn
• 40:44
  as severely as last year. What's going on in the Ukraine?
• 40:48
  Things are getting super interesting.
• 40:51
  Ukraine criticized the compromise in the G20 joint
• 40:54
  communique. So they all have to kind of
• 40:57
  agree on what they were going to say.
• 40:59
  And they didn't necessarily say, wow, that they were unhappy, as
• 41:05
  unhappy this year as they were last year with what's going on
• 41:08
  in the Ukraine. This is not a political show.
• 41:12
  I'm not getting into that whole subject.
• 41:14
  But let's that circle back now because we started this, this
• 41:18
  live stream talking about the major news that we're going to
• 41:22
  get this week on the CPI and then the following week, the 1-2
• 41:25
  punch, right body blow, body blow of the the the Fed
• 41:30
  announcement on the September 19th and 20th.
• 41:34
  I could, we expect massive moves.
• 41:36
  It could go down, right? We could have a waterfall.
• 41:41
  Bad situation, okay. But it could go up.
• 41:45
  And we're going to get to that next.
• 41:46
  But right now, please press the thumbs up.
• 41:51
  Come on, man. We got 199.
• 41:52
  When we get to 200, I ring the cowbell.
• 41:56
  So can we get the 200 thumbs up? Come on, basement dwellers.
• 41:59
  Can we do it? Can we do it?
• 42:01
  I'll do an extra long ring. We got it.
• 42:26
  Thank you guys for the thumbs up.
• 42:27
  Why we got 217? That is awesome.
• 42:30
  You guys are are blowing me away.
• 42:32
  Why? Why?
• 42:34
  You might be asking. Why, Ron, do you say that we
• 42:36
  could have this huge move and silver or gold, It could go
• 42:40
  down. But guess what?
• 42:42
  It could be uppity, uppity, Uppity.
• 42:45
  It could, right? And let me show you why.
• 42:48
  I'm gonna pull out one of my drawings that I used last week.
• 42:50
  I have to say this belongs to Jake from Jake's Custom parts,
• 42:54
  but nonetheless it will demonstrate to you and no
• 42:58
  uncertain terms exactly why we could have a huge move.
• 43:11
  Actually I got two charts we need to review.
• 43:13
  Here we go see that we got a wedgie for silver.
• 43:18
  Remember wedgies right, we got a wedge for silver.
• 43:22
  If you look at this chart starts in March of 2020, March and goes
• 43:30
  through today. So six months.
• 43:32
  It actually goes like further, but the price of silver has been
• 43:36
  consolidating down within that wedge.
• 43:39
  At some point it's going to break out of that wedge one way
• 43:42
  or the other. The same thing is going on with
• 43:45
  gold. Okay.
• 43:46
  Also guys, don't forget we've got this.
• 43:51
  This is the most powerful chart pattern in the history of the
• 43:54
  world the Cup and handle this is gold.
• 43:57
  I'm sorry. So again, starting in 1980,
• 44:00
  there's the cup, right about $50.00, but the price made a but
• 44:05
  what looks like a cup. And then from 2011 till now we
• 44:09
  got the handle. And when it breaks guys, it is
• 44:13
  the most powerful situation. The news this week could be, you
• 44:18
  know, it could be what breaks it.
• 44:20
  It's going to be interesting. I'm going to be here for you.
• 44:22
  OK. I appreciate you guys joining me
• 44:25
  on a Saturday night. I'll be back tomorrow.
• 44:28
  You'll see me tomorrow. Thank you so much.
• 44:30
  Thank you to the moderators. OK.
• 44:33
  Jake's Custom Parts Coin Shop. Chris, Neil.
• 44:36
  I mean, we got a great here guy. Is something on your mind you
• 44:45
  want me to talk about? I have an opinion, everything.
• 44:48
  Even if that opinion is. I don't know, But please, guys,
• 44:52
  let me know in the comments. Type 3 questions.
• 44:55
  OK. And I will be glad to address
• 44:58
  anything. The floor is yours.
• 45:00
  I'm going to warn you, if you don't come up with something
• 45:02
  quick, quick. Well, then you know what?
• 45:05
  I'll either Ramly talk or say goodbye.
• 45:08
  All right. I'm going to wait.
• 45:10
  It takes a minute for these for these things to go on.
• 45:14
  Good evening, Matt. Don Jack Sassy silver ingemar
• 45:18
  saying Tim Schumacher. Yeah, someday Jake might get
• 45:23
  rich off his silver and his and his drawings that he has Ding
• 45:29
  dongs. Yeah, here we go, guys.
• 45:31
  That's the that's the favorite snack.
• 45:33
  And I'm hungry right now so I'm tempted to eat this, but I could
• 45:37
  never eat coin shop Chris's Ding Dong.
• 45:39
  You guys know coin shop Chris loves Ding dongs.
• 45:41
  He eats up to, well, eats at least five per day.
• 45:45
  All right. Ask your question.
• 45:47
  All right, guys. November 1st, what do you think,
• 45:53
  55 to one, if you're talking about the silver to gold ratio,
• 45:58
  I think that'll be a bit of a stretch, but but we'll see.
• 46:06
  OK, The Wealth of Nations, as when will silver return to an
• 46:09
  all time high? I think it could happen sooner
• 46:14
  as opposed to later, Okay. I think it's a reasonable
• 46:19
  possibility that one year from now we could be back having hit
• 46:25
  a new all time high. We'll see who will be.
• 46:33
  Ask Annie. You know what Annie?
• 46:34
  I have an interview coming out tomorrow at noon with Dan
• 46:40
  Wilton, the CEO of First Mining Gold and we start out the
• 46:44
  interview talking about the overall silver and gold market,
• 46:48
  the also the market for precious metal lining stocks which is I'm
• 46:54
  telling you guys unbelievably be down like you took it it.
• 46:59
  It has taken a pummeling upon a pummeling upon a pummeling to
• 47:03
  the point where the price and the value in the precious metal
• 47:06
  mining stuff is unbelievable. Is it really a green screen?
• 47:10
  Absolutely, guys, none of it is real.
• 47:12
  I've tried to explain that to you.
• 47:13
  I'm just being completely honest.
• 47:15
  That's not even a real bell. This is all computer generated.
• 47:19
  See, it's a green screen. I wish.
• 47:25
  Anyway, now. No, not a green screen.
• 47:27
  It's real. But I do joke around, because
• 47:29
  people keep asking me if I have a green screen.
• 47:31
  Now I'll tell you a quick, funny story, Ron.
• 47:34
  Give us a silver fact. Silver is the most reflective
• 47:37
  metal on the face of the earth. But you already knew that,
• 47:40
  Richard. Well, you know everything about
• 47:42
  silver, Silver. The interesting thing about
• 47:45
  silver, too, is it's very thermally conductive.
• 47:47
  That means it transfers temperature from the environment
• 47:51
  that it's in to whatever it might be touching it.
• 47:54
  It adjusts itself quickly to the prep predominant temperature.
• 48:00
  So if you take a silver bar like this outside on a hot day and
• 48:05
  put an ice cube on it, it'll melt lickety split.
• 48:08
  It's pretty fun thing to do with kids.
• 48:10
  That's about the best I can do right now.
• 48:13
  Okay. That's my silver fact.
• 48:16
  All right, guys, thank you for being here.
• 48:18
  Okay, like I said, I'll see you tomorrow.
• 48:20
  Thanks for the Super chats. Thanks for everything and I'll
• 48:22
  see you soon play song.