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Transcript

⚡ALERT ⚡ The Fed PLOTS Against SILVER Price... (Gold Price Too!) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Everybody, welcome to the basement.
• 0:03
  Thank you. You.
• 0:05
  Yes, you. It's YouTube.
• 0:07
  There's one. You, you're with me here in the
• 0:09
  basement. We got a lot to talk about
• 0:11
  regarding silver and gold. Is the Fed shocking?
• 0:15
  I was shocked when I discovered this this morning about the
• 0:18
  Federal Reserve and what's going to go on tomorrow.
• 0:22
  Are they plotting against silver and gold?
• 0:25
  I'll leave you to be the judge on that one, but tomorrow, just
• 0:29
  fair warning, warning, warning, right, warning.
• 0:33
  Where's the here it is here warning.
• 0:39
  All right, I hate cheesy props. Anyway, big warning about
• 0:42
  tomorrow and the Fed. But first, let's dig into the
• 0:46
  latest headlines from our friends at Reuters regarding the
• 0:50
  gold market. This came from Yahoo Finance,
• 0:54
  but it's an article from Reuters.
• 0:56
  Spoiler. If you notice, they're talking
• 0:58
  about silver and gold a lot more.
• 1:00
  There it is right there. Gold slips as investors await
• 1:04
  clues on US rate cuts. And this has everything to do
• 1:07
  with what we're going to talk about next, which is the big
• 1:10
  warning. The big massive warning about
• 1:12
  tomorrow. And the Fed and Nithya.
• 1:15
  Woo, No chance I can pronounce that name.
• 1:17
  Shiva Prasad. Not pretty good, actually.
• 1:21
  I know, I know. To me, that's impressive, all
• 1:24
  that gold. But to you, I'm sure you're
• 1:26
  sitting in your basement and you've got a bigger stack than
• 1:30
  that. But that's impressive right
• 1:31
  there. All right, let's dig into this.
• 1:33
  What? As she thought, had to say, gold
• 1:36
  prices fell on Monday. Oh, my gosh.
• 1:38
  As the dollar held firm while investors looked forward to
• 1:43
  economic data. And remember this guy's critical
• 1:47
  comments from the Federal Reserve officials for clarity on
• 1:51
  rate cut timeline. OK, the US 10 year Treasury
• 1:55
  yield and the dollar ticked up on the day, making bullion less
• 2:00
  attractive. Let's just run out here.
• 2:04
  Wrong one. Here it is.
• 2:05
  Let's run out here and take a look at the dollar.
• 2:08
  Here we go. Well, the dollar's actually down
• 2:10
  a little bit now from earlier today, as we can see and as
• 2:15
  we've covered ad nauseam here on the channel, the dollar on a
• 2:18
  historical basis, we aren't going to dig into this, But when
• 2:22
  you look at where the dollar is now, it's only been higher for a
• 2:26
  handful of years, guys. And we've covered that one.
• 2:29
  Like I said at the ad nauseam, gold bowls are keeping their US
• 2:34
  rate cut expectations in check following more hawkish Fed speak
• 2:39
  over the weekend. That's according to Hantan,
• 2:42
  chief market analyst at Xfinity Group.
• 2:45
  The Minneapolis Fed president Neel Kashkari said on Sunday,
• 2:49
  Boy, those Fed guys, I mean, you know, they're working seven days
• 2:52
  a week, that it's a reasonable prediction that the US central
• 2:58
  bank will cut interest rates once this year, waiting until
• 3:02
  December to do so. So have you noticed, Is it just
• 3:05
  me? And we're going to come back to
• 3:06
  this article. But have you noticed, right?
• 3:09
  These Fed guys, they're changing their story all the time.
• 3:12
  And it moves gold, right? Oh, yeah, yeah, yeah.
• 3:15
  Remember something critical, right?
• 3:17
  This is, they're not going to teach you this in college.
• 3:19
  They're not going to teach you this on the Children's News
• 3:21
  Network or anywhere else. the Fed is full of crud, OK?
• 3:26
  The Fed is not telling the truth #1 #2 the Fed doesn't really,
• 3:32
  really know as much about what's going on as they may want to
• 3:35
  lead us to believe that, that, that they know.
• 3:38
  But none the less, these guys from the Federal Reserve, even
• 3:41
  though, and this is the critical thing that we want to remember.
• 3:45
  Let's, let's, let's, let's store this one away in our knowledge
• 3:49
  base, right? All this Fed stuff is just short
• 3:52
  term noise. The long term picture for gold
• 3:56
  and silver, I think gold and silver have been around for for
• 4:02
  a few thousand years longer than the Fed, but nonetheless, in the
• 4:05
  short run, we have to deal with the Fed.
• 4:07
  Let's get back to this article because there are some good
• 4:09
  points that we want to just absolutely tear apart.
• 4:11
  All right, a slew and this is where it's going to get
• 4:15
  interesting here in a second guys, you're not going to
• 4:17
  believe this. A Fed policy makers are due to
• 4:20
  speak this week. Major data points this week are
• 4:23
  US retail sales data on Tuesday and weekly jobless claims on
• 4:28
  Thursday and flash PM is on Friday.
• 4:30
  Data published last week showed that the labor market and price
• 4:33
  pressures were showing signs of cooling.
• 4:36
  I mean, they talk out of both sides of their mouth.
• 4:38
  We're going to get hawkish Fed movements.
• 4:39
  We're going to get dovish Fed movements again, right?
• 4:43
  Store that away in your knowledge base.
• 4:45
  It's really all a bunch of short term noise.
• 4:47
  Major economic data. Hold on here in yellow, major
• 4:53
  economic data will also be gleamed, gleamed to see if
• 4:58
  deteriorating economic conditions could hasten more
• 5:01
  policy easing, a boon for gold prices.
• 5:05
  So we're going to be looking at economic conditions.
• 5:08
  We got some big news today out of the New York Fed.
• 5:10
  We're going to talk about that here in just one second.
• 5:13
  But let's go to the economic calendar next and see what's
• 5:17
  coming out this week. This is from our friends at Bin
• 5:20
  Biz. This from an economic calendar
• 5:23
  perspective, right. The red exclamation points are
• 5:26
  big impact retail sales tomorrow on Wednesday.
• 5:32
  I think the markets are actually closed and actually from what I
• 5:35
  understand, the COMEX is closed, some people are saying for like
• 5:38
  two or three days because of the Juneteenth holiday Thursday.
• 5:43
  Sorry there, moved you down the screen.
• 5:45
  We're going to get really nothing big this week from an
• 5:47
  economic release. But what's the big, big thing
• 5:52
  that we're gonna have to be paying attention to?
• 5:53
  Which I found just absolutely almost shocking.
• 5:57
  And they referred to it back here in the article.
• 6:02
  OK, A slew of Fed policy makers are due to speak this week.
• 6:07
  Let me show you this guys. This is what we have coming this
• 6:12
  week in terms of Fed policies. So that's Monday, that's today.
• 6:16
  So at 1:00, Fed president, I'm sorry, Philly Fed President
• 6:20
  Patrick Harker will be speaking. And then at 9:00, Fed Governor
• 6:24
  Lisa Cook. So that's bad enough to people
• 6:27
  tomorrow. This is, I mean, they're they're
• 6:30
  just a bunch of they're like a bunch of Hawks squawking
• 6:34
  hawkishly all lined up on a power line tomorrow.
• 6:37
  Guys, we have, if I counted this correctly, 5 Fed governors
• 6:42
  speaking. OK, One at 1:00 PM, I'm sorry.
• 6:45
  At 10:00 AM tomorrow, Richmond, Fed governor, 1:00 PM tomorrow,
• 6:50
  Adriana Coogler, Fed governor One, 1:00 PM tomorrow, Dallas,
• 6:55
  1:20 PM. Saint Louis Fed Alberto
• 6:58
  Mussolam, 2:00 PM. Chicago, Fred.
• 7:02
  That's five Fed speakers tomorrow.
• 7:05
  They are they are probably going to say some things that may move
• 7:10
  cause major movements in the precious metals market.
• 7:14
  Let's be real, all right, I'm not going to paint.
• 7:16
  I'm not going to blow sunshine at you about this.
• 7:19
  What's happening tomorrow. These Fed governors are they're
• 7:23
  they're playing a game. They know they're in such
• 7:25
  trouble. It's all PR likely, guys.
• 7:29
  Again, I don't want to be Mr. Negative here, but I think the
• 7:32
  risk tomorrow is going to be that we're going to hear more
• 7:35
  hawkish squawking out of the Fed, OK, They are buying their
• 7:40
  time right now. They're trying to hold off as
• 7:42
  long as they can 'cause they know that a big crisis is
• 7:46
  coming. In the long run, for the value
• 7:49
  of silver, for the value of gold, it doesn't really matter.
• 7:54
  OK, It doesn't really matter. But in the short run, and I'm as
• 7:57
  guilty of it. Are you guilty of it?
• 7:59
  I'll ask you that question. I'm guilty, guilty.
• 8:02
  All right. I watch the price of gold and
• 8:04
  silver every day. There's a few more few things I
• 8:07
  do. What's the first thing you do
• 8:09
  when you wake up? What's the first thing you do
• 8:10
  when you wake up in the morning? Right?
• 8:12
  I try to kind of do something spiritual.
• 8:14
  I guess you would say it for a few minutes, right?
• 8:17
  But I always find myself checking the price of silver and
• 8:20
  gold very early this tomorrow. 55 Fed speakers.
• 8:25
  OK, we'll move the gold and silver market.
• 8:28
  So I just want you to be prepared for what might happen
• 8:32
  tomorrow. I think that the risk is more
• 8:35
  skewed to the downside. But I want to emphasize to you
• 8:38
  that only on a very, very short term basis, OK, these Fed guys
• 8:44
  are are in trouble. The other big thing they're
• 8:47
  talking about is watching the economic data.
• 8:49
  Let's go out and check this out quickly 'cause we did get some
• 8:52
  economic data this morning. This comes from our friends over
• 8:57
  at Kitco. Hold on one second here.
• 9:01
  There we go. OK, our friend Neil's gold price
• 9:04
  is under pressure, but largely ignore improvements in the New
• 9:08
  York Fed's Empire State survey. So this is funny.
• 9:12
  Just listen to this. And I love Neil's and I love his
• 9:15
  reporting. And so I'm not, this is not a
• 9:16
  cut on Neil's, but it says on Monday, the regional central
• 9:20
  bank said this is. The New York Fed said the Empire
• 9:23
  State Manufacturing survey rose to -6 up from May's reading of
• 9:29
  -15.6. Although activity remains in
• 9:32
  contraction territory. The survey was better than
• 9:36
  expected. Its economists were looking for
• 9:38
  a reading of around -12.5. So the reading was horrible.
• 9:43
  It showed contraction, but it's good news OK gotcha.
• 9:50
  Manufacturing conditions remained weak in new in New York
• 9:53
  State in June. Employment continued contracting
• 9:58
  and capital spending plans remain flat.
• 10:01
  Despite the lackluster conditions, optimism about the
• 10:04
  six month outlet outlet outlook rose to its highest level in
• 10:10
  over two years, said Richard Dietz.
• 10:12
  Blah, blah blah. So we got some bad news out of
• 10:16
  the New York Fed regarding the the economy up in New York.
• 10:20
  But somehow because this is Bidenomics.
• 10:24
  Do you believe in Bidenomics, not a political show?
• 10:27
  I'm a little skeptical, but because it's Bidenomics, a bad
• 10:31
  reading, a contraction reading is actually being perceived as a
• 10:35
  good thing. I thought we already had a
• 10:37
  strong, robust economy, right? Isn't that what they're telling
• 10:41
  us? The economy's great,
• 10:42
  everything's wonderful. Then.
• 10:44
  Then why is manufacturing contracting in New York?
• 10:49
  I'm just curious, how do they, how do they reconcile these
• 10:52
  things? It's a big, big, big mess.
• 10:55
  OK, And what about California? This slide, and I saw it on the
• 10:59
  Silver Academy initially. I don't know where they pulled
• 11:03
  it from, but I think this slide shows everything about what's
• 11:06
  going on. Let's pull this one up.
• 11:10
  California job openings. OK, California, which I think
• 11:14
  what is it? It's like the 6th.
• 11:15
  Did you know this right? That if California were its own
• 11:18
  country, I don't know, it'd be like the sixth biggest country
• 11:22
  in the world, the sixth biggest economy.
• 11:25
  California job openings tumble 42% in two years.
• 11:33
  Look at this, guys. These are job openings and those
• 11:37
  are openings. Remember, this is something else
• 11:40
  that that not a lot of people like to bring up or talk about.
• 11:44
  A lot of these job openings aren't even real jobs.
• 11:48
  But the important thing to look at here is how we've had an
• 11:51
  absolute crash in job openings. I mean, look how low they got
• 11:56
  during the the health crisis that we had back in 2020.
• 12:01
  But nonetheless, we're back to like these low levels and trends
• 12:06
  usually continue. And my friends, that right there
• 12:10
  is not a good trend. All right, let's talk about a
• 12:13
  $600.00 per oz, $600.00 per oz, yes, right, right, $600.00 per
• 12:21
  oz. Andrew McGuire mentioned this
• 12:23
  was listening to him on Live from the Vault last night and he
• 12:26
  was talking about the intricacies of the global gold
• 12:31
  market. And guys, number one, it's very
• 12:34
  confusing, all right. And he doesn't he he doesn't try
• 12:38
  to make it confusing. It just is confusing all the
• 12:42
  electronic exchanges, the LBMA, right, the Comex, the Shanghai
• 12:47
  Gold Exchange, which is more of a physical exchange.
• 12:49
  But none the less, what Andrew talked about last night is he
• 12:53
  kind of distilled down what was going on all throughout the
• 12:57
  world. Basically what I understand.
• 13:00
  And I think it's so critical. And well, number one, he said
• 13:02
  that we could be in for a, if I remember him, what he said
• 13:06
  correctly, a six smile with me, $600.00 per oz rally in the gold
• 13:13
  price. And I'm going to tell you why
• 13:15
  here in just one second. But before I forget, hey, this
• 13:18
  channel, these live streams are not possible without the support
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  from our sponsors, Pinbex, who's also we're going to refresh,
• 13:26
  take a deep breath, let's see where the gold price.
• 13:28
  Hey, gold done a little better, $2317.00 per oz Gold silver,
• 13:34
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• 13:40
  couple ounces of silver, if you want to buy yourself some gold,
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  Here's their website. PEPI MB EX Got to spell that
• 13:51
  correctly now, don't we? Pembex Pi MB EX, They've got
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  Look, do do your research on the company's reputation, right?
• 14:03
  Read other people's reviews. I'll give you my review.
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  I buy silver from Pembex. I've always been absolutely
• 14:11
  happy, but read other people's reviews, check out the prices,
• 14:16
  compare the prices on Pinbex for the exact same products to other
• 14:19
  big online bullion dealers, OK. And you know, check out their
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  selection, which is always, always top notch, OK, If you're
• 14:29
  looking to get yourself some silver, gold or platinum, you
• 14:32
  can help support Ron's Basement by supporting Pinbex.
• 14:35
  And like I always say, they check all the boxes.
• 14:39
  OK, Now what did our friend Andrew McGuire have to say,
• 14:45
  right. Like I said, he distilled down
• 14:48
  there are there, there's, there's like major how does that
• 14:51
  make you feel when you hear that there are big major structural
• 14:56
  changes going on right now in the world, the world gold
• 15:01
  market? OK, the bricks, right?
• 15:04
  The Shanghai Gold Exchange, all these countries that are buying
• 15:08
  massive amounts of gold and we don't know.
• 15:11
  I got news for you. We got, remember what was that
• 15:13
  last week gold got slammed $80.00 per oz in one day.
• 15:18
  That was fun, wasn't it? Was that a week ago today?
• 15:20
  I don't know. I want to erase it.
• 15:22
  We want to erase that from our minds.
• 15:24
  But all over the fact that, oh, the Chinese central bank stopped
• 15:28
  by, didn't buy gold for one month.
• 15:30
  They didn't sell any gold, right, Like the bald guy money
• 15:33
  said he brought that one up. I want to give him credit.
• 15:35
  He was the first guy that I heard say that.
• 15:37
  Like it's not like they sold gold.
• 15:40
  They just stopped buying gold despite the fact that during
• 15:44
  that month when they Oh my God, Oh my God, they stopped the
• 15:47
  Chinese central bank, the P back people's Bank of China stopped
• 15:52
  buying gold right during May. Well, I got news for you,
• 15:56
  buttercup. OK, I got news for you all you
• 15:59
  all you mainstreamers that want to push down the price of gold
• 16:02
  and silver even though they stopped buying during the month
• 16:07
  of May. What does it mean if you
• 16:09
  consider the fact that during the month of May we hit an all
• 16:13
  time world record price in gold? Hmm, I don't know.
• 16:18
  I mean, think about it, OK, none the less, we could be in for a
• 16:24
  big, big, big ride. There are major imbalances in
• 16:28
  the world gold market right now. Look, you can watch live from
• 16:32
  the vault. You can listen to Andrew
• 16:33
  McGuire. I'd recommend that.
• 16:35
  All right, I was on his show. He's a great guy, super smart of
• 16:38
  anybody. I think he's got as good of an
• 16:40
  understanding of the mechanics of the silver market and the
• 16:44
  gold market. He way before it became out like
• 16:49
  mainstream knowledge, he was the one that said there was a lot of
• 16:54
  demand, massive demand in India for silver, right?
• 16:58
  That was back in like February of this year.
• 17:00
  And he was absolutely right about that, right?
• 17:03
  Remember the country of India purchased what, 120 million
• 17:07
  ounces of silver during the first three months of this year,
• 17:11
  right? That's like what I don't know,
• 17:13
  20 percent, 15% of the entire world production of silver for
• 17:18
  the year. I digress.
• 17:21
  Andrew mentioned the, the, the prospect, right?
• 17:24
  And he brought up a great point. What does it mean to you when
• 17:27
  you hear that? Like Citibank, I believe it is,
• 17:29
  has a $3000 target. Citibank, not some bucket shop
• 17:36
  that's trying to, that's trying to promote gold or sell gold to
• 17:41
  you or sell you gold or silver mine sex.
• 17:43
  No, Citibank is predicting $3000 gold for next year.
• 17:48
  The imbalances in the world gold market are striking.
• 17:53
  OK, things are changing and things are changing right now
• 17:56
  right below our very, our very feet.
• 17:59
  OK, silver is coiled. You got to remember that if
• 18:03
  you're a silver investor as well as gold, which I am, I'm a
• 18:07
  physical silver investor and silver guys is absolutely
• 18:13
  coiled, OK. Andrew Cummings, I just saw this
• 18:16
  pop up on that. I wonder what percentage of of
• 18:19
  Americans and Canadians stack silver and gold.
• 18:22
  I'll touch on that in just one second, OK.
• 18:25
  But silver is absolutely coiled. The gold market is out of
• 18:29
  balance. The silver market is out of
• 18:31
  balance. Look, short term noise when we
• 18:36
  hear from the Fed and the Fed, this was the what does it mean
• 18:40
  to you? OK, and, and, and what was it?
• 18:44
  The guy from SD Bullion, David Anderson, I got his name wrong.
• 18:47
  I apologize. Anyway, he, he had some clips
• 18:51
  from like 3 months ago, four months ago from Chinese state
• 18:54
  media where the silver smelters over there were making fun of
• 18:59
  the United States right in the COMEX and the silver price.
• 19:04
  They were like, it makes no sense that when a Fed somebody
• 19:07
  at their Federal Reserve Bank talks, the price of silver can
• 19:10
  go up a dollar down a dollar. We just need more silver.
• 19:14
  Send us more silver. OK?
• 19:17
  That's what's going on right now in the world, guys.
• 19:20
  The, the East is saying send us more silver, send us more gold.
• 19:28
  And you know what we're doing? We're sending it.
• 19:30
  Think I want you to think about this.
• 19:32
  These these politicians, did they, did they sell out all the
• 19:37
  American manufacturing jobs to China, right, 1520 years ago?
• 19:42
  Did they shut down the steel mills?
• 19:44
  Did they shut down a lot of the manufacturing plants in this
• 19:47
  country? Did our politicians have any
• 19:49
  problem shifting, right, shipping all of our jobs over to
• 19:53
  China? No, they didn't have a problem
• 19:55
  with that, right? You know what they're doing
• 19:57
  right now, right? To put icing on the cake, right?
• 20:00
  The Chinese, what are they doing?
• 20:02
  Think about this. This is crazy that the Chinese
• 20:08
  and the rest of the world, but we'll just say the Chinese.
• 20:11
  But when I say that, I mean the BRICS countries, a lot of the
• 20:13
  Eastern countries, they are selling their U.S. dollars, are
• 20:18
  selling their treasuries. And what are they doing with
• 20:21
  that money? They're buying gold.
• 20:24
  They're buying silver. That's what's going on in the
• 20:28
  world right now. So.
• 20:29
  So they are, They are, if you think of that, about this on
• 20:32
  simple terms, right? We shipped all of our jobs to
• 20:37
  China over the last 20 years. Oh yeah, 'cause you know, a
• 20:40
  business can make more profit, right?
• 20:43
  The politicians, nobody stopped it, right?
• 20:45
  They were getting rich off the whole situation as as like
• 20:48
  everybody else. I mean, I was buzz blocking the
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• 21:24
  So they'll ship all the jobs What what are they doing now
• 21:28
  right, right. What are they doing now?
• 21:30
  The Chinese imagine visualize this, the Chinese and the rest
• 21:34
  of the world are throwing dollars, right, throwing these
• 21:38
  things. Hold on here, these back to the
• 21:43
  United States. They're throwing them over
• 21:46
  right? There's like a great political
• 21:47
  cartoon that has like a wall in the middle and the Chinese are
• 21:50
  shovelling paper dollars over the wall and the Americans right
• 21:55
  are no problem, right? Well, they don't care.
• 21:57
  Everything is so short sighted. They're throwing all the
• 22:00
  countries gold and silver back over the wall to the Chinese
• 22:04
  like here, take it, take it, take it, right?
• 22:07
  That's what's going on right now.
• 22:09
  That's the situation that we're in right now and we're living in
• 22:12
  a make believe world. I want to take you.
• 22:14
  It's summertime, right? So you got carnivals coming to
• 22:17
  town, right? I'll give you this will make it
• 22:20
  very, very, very clear for you. Every carnival, think about a
• 22:25
  carnival that you went to as a kid.
• 22:26
  You know the rides, they come into town, they set up, they
• 22:29
  have a, they all have the same thing, right?
• 22:31
  They have a Ferris wheel, not a merry go round, but a Ferris
• 22:34
  wheel, a few other rides, but they almost all have a little
• 22:37
  fun house that you can go into. And right now, right, the US
• 22:41
  economy is like a fun house, right?
• 22:45
  It's in there. There's smoke, there's mirrors,
• 22:48
  right? Jerome Powell is like the
• 22:49
  operator, right? Excuse me, Jerome Powell's
• 23:02
  running the show, running the fun house.
• 23:04
  He's the operator. So I almost choked and died live
• 23:07
  on the live stream. That wouldn't have been fun.
• 23:10
  You're not in the fun house, buttercup.
• 23:13
  Congratulations. Gold and silver investor.
• 23:16
  No. Right.
• 23:16
  Because if you're a gold investor, if you're a silver
• 23:20
  investor, I got news for you. You never went into the fun
• 23:24
  house because the Fed fun house has a metal detector at the
• 23:28
  front door. And as soon as they detect that
• 23:30
  you have silver or gold, you're not allowed in there.
• 23:33
  You're not allowed to play. So we're off, right?
• 23:35
  The silver and gold, everybody else is in the fun house.
• 23:38
  Like this is great. Look how rich we are.
• 23:40
  We're shipping all of our jobs to China.
• 23:42
  And you know, America's great. We got all this debt.
• 23:46
  Who cares, right? We're over underneath the shade
• 23:49
  tree, just a few of us together with our silver and gold
• 23:52
  realizing, right? Realizing that what's going on
• 23:56
  inside that Fed fun house and they're going to have special
• 23:59
  guests tomorrow, five of them. Fed governor speaking is not
• 24:03
  real, right? Does that make sense?
• 24:06
  Right? Is not real, right?
• 24:08
  And when the and when the lights come on in the fun house, when
• 24:11
  the, when the smoke alarm goes off and everybody goes running
• 24:14
  for the door, right, they aren't going to be able to make it out
• 24:18
  in time, right? They're not going to be able to
• 24:20
  make it over to the shade tree where we are sitting there with
• 24:24
  our silver and gold. To me, that's a great analogy.
• 24:26
  I don't know. Send me an e-mail, let me know
• 24:28
  it. Does that make sense to you?
• 24:30
  Right? Maybe we're not in there
• 24:32
  partying with everybody else. We don't own NVIDIA, we don't
• 24:36
  own Apple, right. We're not saying, Oh yeah, the
• 24:39
  economy is great. Bidenomic's awesome, Bob.
• 24:41
  No, we're looking at the real story.
• 24:45
  We're looking at history. We're looking at a calculator
• 24:49
  and realizing that there's no way.
• 24:52
  The other thing I want to mention to you today is a silver
• 24:54
  investor. This is, this is, this is
• 24:57
  something again, that we don't hear people really talk about
• 25:02
  when it comes to silver. What does everybody talk about
• 25:05
  with silver? Me too.
• 25:06
  I'm guilty. I'm, I'm part of the problem,
• 25:08
  OK, Everybody talks about the unbelievable industrial demand
• 25:13
  for silver. And you see these projections
• 25:16
  about demand for silver going out to the year 2050 when, when
• 25:21
  98% of the world's silver is going to be used up by the solar
• 25:25
  manufacturing. You know, who knows, right?
• 25:27
  That's a pretty long way to hypothesize.
• 25:29
  But all these, all the, all the projections for silver, they're
• 25:33
  all based on one thing, industrial demand.
• 25:37
  Nobody, nobody factors in, guys. And that alone paints a very
• 25:43
  supportive picture for the silver price.
• 25:46
  No doubt about it, right? There's no way there's no way
• 25:48
  around it, right? Just the industrial story behind
• 25:51
  silver is great, but nobody, the bonus little secret kicker that
• 25:56
  nobody's factoring in to these future silver projections are
• 26:00
  the potential or is the potential for massive increases
• 26:05
  in investor demand for physical silver, massive increases in
• 26:11
  people that are wanting to buy American Silver Eagles that are
• 26:14
  wanting to buy 10 oz silver bars.
• 26:16
  Yeah, I got, I got one right here.
• 26:18
  Show and tell, right? It's my 110 oz bar that I keep
• 26:21
  here at the house. Look at that thing, huh?
• 26:24
  Right. Oh, there we go.
• 26:26
  That really makes it. Hey, everybody, Nobody factors
• 26:32
  that in. All right, All right, so just
• 26:36
  the industrial demand alone, right, Should propel the real
• 26:41
  value of silver so much higher. OK.
• 26:44
  Oh my gosh, this is the crazy to think about.
• 26:47
  Think about the industrial. I almost have to close my eyes.
• 26:50
  close your eyes for a second. Think about the industrial
• 26:53
  demand alone for silver. Unbelievable, Unbelievable.
• 26:58
  OK, that's number one. So focus on that file that
• 27:02
  number one, unbelievable industrial silver demand.
• 27:05
  Think about the potential for a big increase in investor demand
• 27:12
  for silver. OK, that is like double whammy.
• 27:16
  Happy time. But wait, there's more.
• 27:18
  There's even more, right? Because then if you think about
• 27:21
  this industrial demand exploding, investor demand
• 27:25
  exploding and at the same time, open your eyes and look at the
• 27:31
  US debt clock, right? The the basic fundamental facts
• 27:36
  and figures that are standing behind the confidence that the
• 27:41
  world has in the US dollar. So if you if you take those two
• 27:44
  fundamental right industrial demand, investor demand for
• 27:49
  silver alone and then you on top of that right, that's enough.
• 27:52
  That's double double happy. Triple happy is if you then also
• 27:58
  factor in that the US dollar in real terms is going down.
• 28:03
  OK, 'cause I'm gonna tell you I'm gonna show you something
• 28:06
  right now. This, my friends, wrong one.
• 28:12
  This is the dollar index. This is the strength of the
• 28:17
  dollar. This right?
• 28:19
  What they should right next to it in parentheses after DXY is
• 28:23
  turd contest. Because that's all it is, right?
• 28:27
  Who's got the biggest turd? I'm sorry, that's as bad as I'll
• 28:30
  get. Who's got the biggest?
• 28:32
  That's all. Because this is comparing.
• 28:34
  This isn't comparing the dollar to wheat or corn or oil or God
• 28:39
  forbid, silver or gold, right? The antithesis of the US dollar
• 28:43
  at this point. No, this is comparing the dollar
• 28:46
  to the yen and the euro. So give me a break.
• 28:51
  OK, so when you think about your silver alone that you own,
• 28:56
  right, think about the industrial explosion in demand.
• 29:00
  Think about just the potential cause.
• 29:02
  Nobody else talks about it, but we do 'cause we're basement
• 29:05
  dwellers. Do you think I, I ask you, I'll
• 29:07
  ask you this question. I, I have my answer, but I want
• 29:11
  to hear your answer. Do you think that investor
• 29:14
  demand for silver is going to be going down in the next 10 years?
• 29:19
  Down or up? OK, here.
• 29:21
  You know what? We haven't we haven't had fun
• 29:22
  together in a while. I'm going to say up, type it in
• 29:26
  the comments section. OK, we know industrial demand is
• 29:29
  going up, but what about investor demand?
• 29:31
  Let's say over the next 10 years, are we going to be going
• 29:34
  up or down? It's going to take a second for
• 29:36
  these comments to come in. Up, says Wes.
• 29:39
  Hey, Wes. Good to see you, my friend.
• 29:41
  And if you have something else about that I'm forgetting.
• 29:44
  So we have we have industrial demand, investor demand.
• 29:48
  Surely. Up, says Ricardo.
• 29:50
  And the dollar. Hello from Hot and human
• 29:52
  Missouri. Yeah.
• 29:53
  Snakebite. It's cruddy here today.
• 29:56
  Up, OBD. Hello.
• 29:58
  I'm Jod. Yeah, it's hot.
• 30:00
  Up says snakebite. All right, my friend.
• 30:04
  Hex visual says up. Sorry, I almost missed that one.
• 30:08
  Yeah. Investor demand.
• 30:09
  I mean, really right now, guys. I mean, down and up.
• 30:13
  OK, that's right. Definitely up, says Blade.
• 30:17
  We got to realize. We got to remember something.
• 30:19
  Definitely up. Yeah, you guys, I I love this.
• 30:22
  Thank you for your feedback. Up and up says yo-yo, who?
• 30:26
  Leo? All right, we got to remember,
• 30:31
  too. OK, Dwight Charlton up flat for
• 30:34
  investors. OK.
• 30:35
  Hey, look, you don't have to agree with me.
• 30:38
  Magic Moon says up Joe's basement.
• 30:41
  Hey, Joe, good to see you, my friend.
• 30:44
  I have to come visit you in Joe's basement sometime.
• 30:46
  Joe's basement says up. What we got to remember on top
• 30:50
  of it all. Oh my gosh.
• 30:52
  All right, I'm going to try to remember all of this for you
• 30:55
  guys 'cause this is like, this is like the silver grand finale
• 31:01
  industrial demand. I won't say it again, I promise.
• 31:04
  Right. Going through the roof, the
• 31:06
  potential for investor demand, right, to go through the roof,
• 31:11
  right? Can you argue with that, right?
• 31:13
  I think it's hard to see to see that it's going to be going down
• 31:17
  South. Industrial investor.
• 31:19
  Thirdly, the dollar in real terms.
• 31:22
  Guys, this piece of paper that I'm holding right here, what,
• 31:30
  what, what do you think that's going to buy?
• 31:32
  You know what it buys today? What do you think it's going to
• 31:34
  buy 10 years from now? So you took those 3 together.
• 31:37
  But there's more now. I got more.
• 31:40
  This is the grand finale, right? What was the first one?
• 31:45
  Oh yeah, industrial demand, investor demand up and up the
• 31:49
  dollar, just the dollar that it's measured in, right?
• 31:53
  That we, we falsely agree to measure the value of silver and
• 31:58
  and U.S. dollars that's going down.
• 32:00
  That'll propel the price measured in dollars higher.
• 32:04
  But think about where we are right now, where we are right
• 32:09
  now with gold and silver on top of it all.
• 32:12
  The cherry on top, right, is the fact that we're we've gotten to
• 32:16
  these high price levels and we've done that in an
• 32:20
  environment where the dollar is supposedly up and powerful.
• 32:26
  And you know, really like we've shown on that chart has only
• 32:29
  been this high a handful of years out of the last 40 years.
• 32:33
  So as we look out into the future, yes, things look very,
• 32:37
  very, I'm sorry, very, you know what, I thought this 1520 years
• 32:43
  ago when I was starting to buy silver and buying it at much,
• 32:47
  much lower prices. But if you look out 10/15/20
• 32:51
  years from now, you know, I think it's, it's for just don't
• 32:55
  make any financial decisions. You right.
• 32:58
  I don't want you to come back and say, but you said I'm just
• 33:01
  telling you what I see. You need to see what you see.
• 33:04
  If you see something different, I want to hear about it.
• 33:07
  But when I look out and see what the future looks like for
• 33:10
  silver, Oh, and then even on top of that, right, Think about all
• 33:14
  these factors, investor demand, industrial demand, the dollar
• 33:18
  going down, the fact that the price is already high with the
• 33:22
  dollar up. But on top of that, and this is
• 33:25
  true for both gold, but in particular silver, there is like
• 33:30
  there's no new silver or gold being found in the world, very
• 33:34
  little, right? So the supply will even of the
• 33:38
  metals will not continue to grow.
• 33:40
  And we know that silver being sucked in by the solar industry
• 33:43
  already hundreds of millions of Oz that's gone.
• 33:46
  That's bye bye. Thank you for being here today
• 33:49
  guys. Please help support the
• 33:51
  sponsors. OK, Our friends at Hold on, get
• 33:53
  my finger there right there Pin backs.
• 33:56
  Don't forget they do check all the boxes, but you need to find
• 33:59
  that out for yourself. Our friends at first mining gold
• 34:03
  and Fortuna silver as well. Tomorrow could be crazy, so
• 34:07
  buckle up buttercup. But don't worry.
• 34:09
  I should be here and we're going to make it no matter what.
• 34:12
  Have a great day. Thank you for being here, OK,
• 34:15
  And I will see you soon.