Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🔥SILVER Investor🔥- THIS is STUNNING- (MASSIVE News Update for Gold and Silver Prices)

Transcript

🔥SILVER Investor🔥- THIS is STUNNING- (MASSIVE News Update for Gold and Silver Prices) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Warren Buffett has bought massive amounts of silver in the
• 0:03
  past. That's no big surprise to you.
• 0:06
  However, what is shocking is to realize the reasons why he
• 0:11
  bought silver and how that relates to why you own silver
• 0:16
  today. I think you'll be absolutely
• 0:19
  blown away. And there's another statistic
• 0:21
  we'll look at regarding his past major massive silver purchases
• 0:26
  that is equally disturbing. There's a lot going on in the
• 0:30
  world right now. It's almost, are you feeling it?
• 0:33
  Like I am like too much to process.
• 0:36
  We got like 5 major geopolitical things that are happening right
• 0:40
  now that are adding to this massive undertone of uncertainty
• 0:45
  that we're all being forced to navigate together.
• 0:49
  Often times we fall back upon that uncertainty is one of the
• 0:53
  big reasons why we decide to own silver and gold.
• 0:56
  We're going to we're going to peel the covers back, right?
• 0:58
  Open the canvas stinky sardines and look at what is happening
• 1:03
  right now in the world. And it really is becoming almost
• 1:07
  too much for us to process. But first, let's go look at
• 1:09
  silver. Hey, I woke up this morning and
• 1:11
  silver was down $0.50 per oz. Let's go get an update now and
• 1:17
  see where it is. I've got a little bit of a smile
• 1:19
  on my face. Hopefully we'll keep a smile on
• 1:22
  our face. We're out here at channel
• 1:24
  sponsor Pin Backs. This is not the updated silver
• 1:27
  and gold price. So don't look at that yet.
• 1:29
  I want to say, say thank you to Pinbecs for sponsoring Ron's
• 1:31
  basement. Us basement dwellers, us silver
• 1:34
  and gold lovers. Yes, I'm talking to you.
• 1:37
  This show is made possible thanks to the support of Pinbecs
• 1:41
  and our other sponsors. But what I really love about
• 1:44
  Pinbecs from a silver and gold and platinum group stacking
• 1:47
  perspective is how well they treat us right?
• 1:51
  How well they treat the basement dweller community, the people
• 1:55
  that they come down here and and are part of this group.
• 1:59
  I get overwhelmingly positive response.
• 2:02
  I'll never tell you what to do, but I would recommend that you
• 2:05
  may benefit from considering Pinbacks next time you're
• 2:09
  looking to buy gold, silver or platinum group metals online.
• 2:13
  You can go to their website. Uh oh, it went away.
• 2:16
  There it is right here, pinbacks.com.
• 2:18
  They've also got this thing that I like to call the pinbacks
• 2:21
  magic button, this little golden triangle and when you press it,
• 2:25
  you get an update on the gold and silver price.
• 2:27
  Are you ready? Take a deep breath, make your
• 2:29
  blood pressure medicine if you're anything like me, and
• 2:32
  let's see what's going on in the markets.
• 2:35
  Wow. Silver over $31.00 gold $7.46
• 2:42
  gold at $2650. Silver a tad above $31.00 per
• 2:47
  oz. Is it just me?
• 2:50
  Is it just me here in the basement by myself obsessing
• 2:53
  about the gold and silver price, or are you noticing this as
• 2:56
  well? Both gold and silver?
• 2:59
  No, they've not been rocketing higher.
• 3:01
  We aren't going to say that. But doesn't it feel like we're
• 3:04
  in a period where they're building a strong base, a strong
• 3:08
  foundation, right? They're like, we're getting rid
• 3:11
  of all the weaklings. Hey, guys, anybody who wants to
• 3:14
  get off the train now would be a good time.
• 3:17
  And it feels like to me that most of the people that don't
• 3:20
  want to be around, that aren't strongholders of gold and
• 3:23
  silver, have gotten off the train.
• 3:26
  And we've got just a few people left that want to jump off.
• 3:29
  And that we're building this base, this foundation from which
• 3:32
  we could experience much higher silver and gold prices.
• 3:36
  And won't it be a wonderful time for us to spend together?
• 3:41
  I heard a guy last night saying gold right now should be $5000
• 3:46
  an ounce period, based upon all the money parting.
• 3:49
  Based upon simple mathematics. Right?
• 3:51
  Like that idea that 2 + 2 always equals 4.
• 3:54
  That idea that will never be able to pay off the national
• 3:57
  debt? We know silver should be $44.00
• 4:00
  per oz. We predicted that for Christmas,
• 4:02
  which pretty much isn't going to happen at this point.
• 4:05
  I was wrong. I eat crow.
• 4:07
  But really, silver easily should be at $44.00 per oz.
• 4:11
  Let's go look at the silver chart and get a quick update on
• 4:13
  what is happening. Oh boy, I need to open a new
• 4:17
  window here and where we go, we'll go to Yahoo Finance.
• 4:23
  There we go. And I hope you guys are doing
• 4:28
  great. Hey, while I'm going getting to
• 4:29
  this chart here. Thank you for being here.
• 4:32
  Thanks for being part of the basement.
• 4:34
  You are the most, the bestest, the best part of this community.
• 4:40
  Where is silver? There's natural gas.
• 4:43
  Got a little bit of that this morning.
• 4:44
  And Ethereum, OK, we missed silver.
• 4:49
  Did. Oh, there it is.
• 4:50
  You wouldn't do that to us. Yahoo Finance.
• 4:52
  We're going to have some new charts coming up.
• 4:54
  Oh wow, guys, look at this in the futures market.
• 4:58
  This is the March contract for silver.
• 5:00
  Look at that, right? This probably coincided with
• 5:04
  these ADP job numbers that came out this morning.
• 5:07
  But like I was saying earlier, we were down.
• 5:10
  Let's look at the price here. We were We've we've rallied in
• 5:14
  the futures market anyway, almost $0.70 per oz in the
• 5:17
  silver price. Let's look at a one year chart.
• 5:22
  I mean really if you if you take out this little period of time
• 5:26
  where we did pop up to $35 per oz, no doubt about it, we've
• 5:30
  been building this very strong base.
• 5:33
  Look at that dotted here. I'm going to draw some lines on
• 5:35
  here. Well, we're back at it again.
• 5:39
  Wow, this is exciting. Where are my how come I don't?
• 5:44
  There it is. Sorry, my crayons.
• 5:45
  I was looking for my crayon box. There's my crayon box and
• 5:48
  there's the straight line and let's go over here.
• 5:53
  I'm going to draw it right over there.
• 5:54
  Green dotted line. That's right where the price is
• 5:57
  right now. Look at this guy's once, twice,
• 6:00
  3 * a lady four times, 5 * 6 times, and then we broke above
• 6:06
  and then we kind of came up again and now we're here again.
• 6:09
  This level that we're at right now.
• 6:11
  What about on the futures market?
• 6:13
  About $32 per oz has been resistance and provided pretty
• 6:18
  strong resistance. If we can breakthrough this
• 6:20
  again, OK, if we can get up into this zone again, it becomes
• 6:28
  statistically very less likely that we are going to that we're
• 6:33
  going to pull back next time we hit 3250.
• 6:37
  Can you feel it like I can feel this like once we get up to
• 6:40
  353637 dollars per oz again, there's not a lot of people that
• 6:45
  bought silver up at that level that are hoping to get there so
• 6:48
  they can get out and be done right?
• 6:50
  The the weak hands once we get up there, I believe that now at
• 6:54
  that point, then this red line, which has been pretty pretty
• 6:58
  staunch resistance for a while, will become a rock solid level
• 7:03
  of support from which the silver price could go much, much
• 7:07
  higher. And while we're here, let's just
• 7:10
  for kicks and giggles draw that goes all the way back here.
• 7:14
  Look at this March of last year when silver in the futures
• 7:18
  market was $22.00. Look at this support line.
• 7:22
  It's like off into Infinity, Infinity and beyond.
• 7:26
  And then if we draw another line from let's go from about here
• 7:31
  and it's bad. Hold on.
• 7:33
  I don't what that I mean, you know, I think there's an eraser.
• 7:36
  Oh, there it is. Coloring with Ron.
• 7:42
  Yeah, we're coloring on the silver chart and we'll go like
• 7:46
  this, right. That's that wedge pattern that
• 7:49
  goes back to about what early October, September time frame,
• 7:54
  guys, when you have this wedge that's forming where the price
• 7:57
  is stuck between, but it's a going down into this triangle
• 8:01
  wedge, whatever you want to call it, it's either going to break
• 8:03
  out to the upside or breakdown to the downside.
• 8:07
  I just, I can't see it. Can you see it happening?
• 8:10
  I just can't see the price going down from there.
• 8:13
  So that's what's going on in the silver market.
• 8:15
  I tell you what's really going on.
• 8:17
  You're in the basement. Wow.
• 8:18
  We've got 400 of us. Thank you, though.
• 8:20
  There's one you. You've got a name.
• 8:23
  Think about your name. You're important.
• 8:24
  Thank you for being here. Please give this video a thumbs
• 8:27
  up. That will help get the word out
• 8:28
  to more and more people. Please subscribe because when
• 8:31
  you're here, you're part of the tribe.
• 8:34
  Some of us call each other basement dwellers, some of us
• 8:38
  call each other buttercup, whatever suits your fancy or if
• 8:41
  you don't want to be called anything, I completely
• 8:43
  understand. But none the less, thank you for
• 8:45
  being here. We'd love to talk about silver
• 8:47
  and gold. We want you to come back and
• 8:49
  thank you. Oh wow, super chats.
• 8:50
  I almost forgot. Holy moly Don man, you are so
• 8:56
  nice to me on a daily basis. Thank you Don Howe for that.
• 8:59
  And wow, my friend Jim. What to help pay for those soda
• 9:03
  you. But I did For those of you who
• 9:08
  know, I have a thank you, Jim. Jim, I have a difficult time.
• 9:13
  I'm I'm I'm really a tight wad. OK, I'm sorry.
• 9:16
  I don't know if you are if you're loose with your money,
• 9:18
  but I'm resourceful and I'm a tight wad.
• 9:21
  And nothing irks me more than when you go out to eat and the
• 9:24
  people all order these $4.00 sodas, you know, and it's like,
• 9:27
  it's like, what a RIP off. So, but yes, Susie and I had a
• 9:30
  wonderful 20th anniversary lunch yesterday and I actually ordered
• 9:34
  a Diet Coke for her. And I did take a couple sips
• 9:37
  because I wanted to get the most for our money.
• 9:39
  All right, guys, let's talk about tomorrow is the massive
• 9:42
  thank you for the Super chats. Thank you for the support, Jim
• 9:46
  and Don. I appreciate it.
• 9:47
  We really do. We're supporting the family
• 9:49
  office. So thank you.
• 9:51
  Tomorrow is the big or not tomorrow?
• 9:53
  Friday is the big job number. We got the ADP number this
• 9:56
  morning, which was a bit of a disappointment.
• 9:59
  Now, even though Bidenomics is working nonetheless, that
• 10:03
  probably had a lot to do with this movement we've seen in the
• 10:06
  precious metals. Friday, we're going to get the
• 10:08
  official jobs number. Be ready, right, because it will
• 10:12
  impact what the market perceives the Fed will be doing.
• 10:16
  We are in a temporary state where the Fed is regained a
• 10:20
  little power, a little, not much, but this big.
• 10:23
  If we get a big jobs number on Friday, it could hurt the gold
• 10:27
  and silver price. So there's a reason why we want
• 10:29
  to pay attention to this jobs number on Friday because my
• 10:34
  fellow basement dwellers, it will impact this and we need to
• 10:38
  do an update 'cause this is becoming more and more critical.
• 10:42
  Just temporarily, right? In the end, the Fed is done.
• 10:45
  The Fed has to print, you can't have all this debt, not have
• 10:48
  inflation, and the odds of a rate cut continue to go up.
• 10:52
  This is the odds of a Federal Reserve rate cut at their next
• 10:56
  meeting, the 18th of December. If you go to the top of this
• 10:59
  page, they've got a countdown, the Jerome Powell countdown, 14
• 11:04
  days. So it'll be two weeks from
• 11:08
  today. It'll be Wednesday, 2 weeks from
• 11:10
  today that we'll hear from Gomer Pyle, right?
• 11:13
  Surprise, surprise, surprise, Jerome Powell regarding rates.
• 11:17
  And then right now, the market, the big money.
• 11:20
  The reason why we want to look at this is two things.
• 11:23
  It will have an impact on the silver and gold price.
• 11:26
  And #2 this is what the big money, right?
• 11:29
  The big hedge funds, the big, the big, what do they call that?
• 11:33
  Like institutional funds are making their bets in the Chicago
• 11:37
  Mercantile Exchange, so they know what they're talking about.
• 11:40
  Right now. We got a three out of four
• 11:41
  chance that will get a rate cut and we have a one in four or 25%
• 11:46
  chance that rates will remain the same in the range of 4.5 to
• 11:51
  4.75. And if you want to be fancy, if
• 11:53
  you want to be fancy, you can talk about if this rate cut were
• 11:56
  to occur 4.450 to 475 is the current range down to 425 to
• 12:02
  4:50. That would be instead of calling
• 12:04
  it a quarter point as layman like us basement dwellers called
• 12:09
  a quarter point, hey, I'm in Missouri.
• 12:12
  OK, I don't put on airs 1/4 point cut by the Fed, but if
• 12:16
  you're sophisticated in New York, you say it's 25 basis
• 12:21
  points. Anyway, the world is and we're
• 12:23
  going to talk about Warren Buffett and why he bought silver
• 12:27
  and it will blow you away. But first, unfortunately, guys,
• 12:30
  it is nuts. It's hard to process everything
• 12:33
  going on in the world. And why, as a silver and gold
• 12:36
  investor, do we need to pay attention to what's unfolding in
• 12:39
  the world around us? And we aren't gonna get a lot of
• 12:42
  really great news from the mainstream media, right?
• 12:45
  We get this like filtered news. So we really have to dig in.
• 12:48
  But it's important because it can be and always, well, always
• 12:53
  has been and will continue to be forever and ever, ever a major
• 12:57
  supportive factor for gold and silver.
• 13:01
  Not even thinking of it as price, thinking of it as
• 13:03
  security. And it is getting absolutely
• 13:06
  crazy out there. Let's just run through the list
• 13:09
  of stories that we have right now.
• 13:12
  Hold on, here we go. I'm going to leave myself up
• 13:14
  here so you guys can we can wave at each other from time to time.
• 13:18
  Let's start with China. And we get this news yesterday.
• 13:23
  This comes from Reuters via Metals and Miners.
• 13:27
  China bans export of key minerals to the United States
• 13:30
  that have potential military applications as trade frictions
• 13:35
  escalate. This is we are doing kind of a
• 13:38
  replay here guys. But what happened before the
• 13:40
  Great Depression and World War 2?
• 13:42
  Unfortunately, Beijing's curb follows latest US limits on
• 13:46
  Chinese chip sector. It's becoming like trade wars
• 13:49
  experts exports I'm sorry of gallium germanium to the to the
• 13:55
  United States have already stalled called antimony and
• 13:58
  these are all minerals used in like high tech.
• 14:01
  They're metals minerals used in high tech applications in China
• 14:04
  saying no more for you the United States.
• 14:08
  We'll just look at the first couple paragraphs here.
• 14:10
  China is banned exports to the US of items related to the
• 14:16
  minerals gallium, Germans from Reuters, germanium, antimony and
• 14:20
  potential military, it said Tuesday, a day after
• 14:22
  Washington's latest crackdown on China's chip sector.
• 14:25
  A Commerce Ministry directive on dual use items with both
• 14:29
  military and civilian applications cited national
• 14:33
  security concerns. The order, which takes effect
• 14:35
  immediately, also requires stricter review of end use for
• 14:39
  graphite items shipped to the US.
• 14:41
  In principle, the export of gallium, germanium and super
• 14:46
  hard materials, the United States shall not be permitted.
• 14:50
  OK, so that's what's happening with China.
• 14:54
  OK. Now on top of that, OK.
• 14:57
  And, and they already think about this, this is China.
• 15:00
  And let's talk about silver and gold.
• 15:02
  So they aren't going to, they are the I don't know, those
• 15:04
  aren't rare earth, I don't think.
• 15:05
  I'm not a guru. I know a lot about silver and
• 15:08
  gold and that's about it. But I know those are critical
• 15:10
  minerals. They also, I know are a big
• 15:13
  supplier of rare earth minerals. But think about this when it
• 15:15
  comes to China, right? They'd already, they already
• 15:20
  export zero of their gold and silver.
• 15:23
  And we know that they're also importing tons of gold.
• 15:28
  This creates this massive environment of of nationalism
• 15:33
  and geopolitical uncertainty, guys that I think 2025 could
• 15:38
  create an environment like we've never experienced in our
• 15:42
  lifetimes. We'll see how that plays out.
• 15:44
  Next we go to Russia because we know this about Russia as well.
• 15:47
  Russia is on doing some interesting things as well.
• 15:50
  This was from the Silver Academy and yeah, from a few days ago,
• 15:53
  but it's worth worth revisiting Russia imposing a ban on export
• 15:59
  there China a ban on export Russia a ban on export of gold,
• 16:05
  silver, copper, waste, scrap and recycling E wins the economic
• 16:11
  war against the US and NATO. This from the silver Academy.
• 16:17
  And he says when reading this, remember when Nixon closed the
• 16:20
  gold window in 1971, it was also just temporary.
• 16:24
  All right, so this is the from Interfax.
• 16:26
  This was the Russian the Russian declaration that they are no
• 16:31
  longer going to allow for the gold, silver, copper and a few
• 16:35
  other things scraps. Russia's recent move.
• 16:39
  Sorry, my phone was ringing. Temporary.
• 16:42
  A move to temporarily ban the export of precious metals waste
• 16:44
  is significant. It's a development in the
• 16:47
  ongoing economic war between the East and the West.
• 16:50
  This decision following China's long standing practice, there we
• 16:54
  go. Retaining its gold and silver
• 16:57
  signals a shift in the global commodity dynamics that could
• 17:00
  have far reaching consequences. OK, so we got China, we got
• 17:06
  India. We've got this coming, right?
• 17:08
  We know this is old news, but we're just going to look at the
• 17:11
  headline, guys, because then we get, I'm sorry, wrong article.
• 17:15
  There we go. Trump threatening 100% tariff on
• 17:18
  the BRICS nations if they replace the dollar.
• 17:21
  OK, we know that whole story. I mean, the Trump saying, if you
• 17:24
  guys even think about replacing the US dollar, sorry, Charlie,
• 17:28
  we're going to hit you with 100% tariffs, which sounds very
• 17:33
  interesting. It'll be an interesting to see
• 17:36
  how this all develops as we go in the next year.
• 17:39
  My question still, and I won't spend a lot of time on this, but
• 17:42
  I'm this, this is and I want your thoughts on this as well.
• 17:46
  I want you to think about this. So Trump is telling the BRICS
• 17:49
  countries that if you use any alternative to the dollar,
• 17:53
  right? If you create your own
• 17:54
  alternative currency to trade amongst yourselves, that's that.
• 17:57
  We aren't going to stand for that.
• 17:59
  That's we're going to, we're going to put 100% tariffs on
• 18:02
  you. To me, that's weaponization of
• 18:05
  the dollar. Okay.
• 18:06
  I mean, what we've heard is not worked out so well for the
• 18:08
  United States. Really, I want to I want to pose
• 18:11
  this question to you to think about if he's, if he's
• 18:14
  threatening them because they're talking about using an
• 18:16
  alternative to the dollar, how can he done at the same time be
• 18:21
  so pro crypto, which is always advertised itself as being an
• 18:26
  alternative to the dollar? And furthermore, I would like to
• 18:29
  ask Donald Trump, president-elect, respectfully
• 18:32
  ask him, is it OK for those countries to trade amongst
• 18:36
  themselves in crypto? You know what I'm saying?
• 18:40
  Because you're, you're, you're saying that you're pro Bitcoin,
• 18:43
  pro crypto is a president. You're not going to let the
• 18:46
  BRICS countries use anything but the dollar.
• 18:48
  But what about if they said they want to use crypto?
• 18:51
  Just throwing it out there. I thought found it to be very
• 18:53
  interesting. On top of all this, we got
• 18:55
  China, Russia, economic war with the United States.
• 18:59
  What is going on in South Korea did that to me.
• 19:03
  That's a Black Swan, maybe a little Black Swan, maybe a big
• 19:07
  Black Swan. But if you taking a step back
• 19:09
  and thought like what's happening in South Korea, they
• 19:11
  declared martial law. This all comes out of the blue.
• 19:16
  People are saying it's because the North Koreans.
• 19:19
  I mean, I'm, I'm not an expert in Asian geopolitical or
• 19:24
  political developments. However, the feeling I'm getting
• 19:28
  is that part of it is because the, the more the liberal side
• 19:32
  of the, of the political structure is more maybe aligned
• 19:35
  or being influenced by North Korea.
• 19:37
  So the president who's only got like a 10% approval rating in
• 19:42
  South Korea right now, like 10% worse than Joe Biden, if that's
• 19:45
  possible, but nonetheless he does, is then declares martial
• 19:50
  law, which means the military takes over the country.
• 19:53
  This is South Korea, this is Asia.
• 19:55
  What is happening? We can't even think about what's
• 19:58
  going on with Taiwan and China. More and more and more
• 20:02
  uncertainty. And then on top of that, let's
• 20:04
  see if I can remember all this. We've got the Ukraine situation
• 20:08
  where the where the United States is allowing Ukraine to
• 20:11
  send missiles into Russia. And we got everything going on
• 20:14
  in the Middle East. Oh my gosh, that's what I'm
• 20:17
  saying. Is this becoming too much?
• 20:19
  Is this an environment where maybe, maybe it's just a good
• 20:23
  idea to hunker down with some precious metals?
• 20:28
  Apparently you and I, if you answer that question as a yes,
• 20:32
  aren't the only ones who feel that way.
• 20:34
  Because we do know. If you heard the big news, the
• 20:37
  big breaking news, the world central banks are buying gold
• 20:41
  hand over fist. Doesn't it make sense?
• 20:43
  I'm going to quickly try to review this craziness going on
• 20:47
  in our world. China and the United States and
• 20:49
  a trade war. Russia banning the export of
• 20:52
  precious metals, pier our precious metal waste scrap.
• 20:55
  Sorry about that. Trump threatening 100% tariffs
• 20:59
  on the on the BRICS countries if they use anything besides the
• 21:03
  dollar. Although he's in support of
• 21:06
  Kryptos, which is an alternative.
• 21:08
  Anyway, we won't go down that path.
• 21:10
  South Korea blowing up, Maybe that's an exaggeration, but
• 21:14
  that's what we're here for. We can exaggerate every once in
• 21:16
  a while. And Ukraine, that's a big mess.
• 21:19
  And the Middle East, which is also a big mess.
• 21:22
  Do you think that we have some uncertainty in the world right
• 21:26
  now? Yes, OK.
• 21:30
  Do you think it's a good idea to hunker down with some gold and
• 21:33
  silver? I'd say yes.
• 21:35
  Let's go look at the US dollar. Let's do an update on the gold
• 21:38
  and silver price while we're at it as well, because today's what
• 21:42
  a Come on, Come on, guys, come on.
• 21:45
  Oh my gosh, woo Hoo. I feel like I don't gamble
• 21:51
  anymore. I used to.
• 21:53
  I've got some great gambling stories I can share with you.
• 21:55
  I don't recommend gambling in casinos, but I do feel like when
• 21:59
  I just pressed the pembacs button, silver's up $0.40.
• 22:02
  Like like I just got hit. Like I got Delta blackjack and a
• 22:05
  blackjack table. So wow, that is awesome.
• 22:08
  So one of the smartest guys in the room, Phil from Blue Line
• 22:12
  Futures. I've tried to listen to him a
• 22:14
  couple more and he does a video every morning like 5 minutes
• 22:17
  long. Super smart guy guy really a
• 22:19
  good guy. He's actually was on the show 1
• 22:20
  time, but he was talking this morning about the US dollar and
• 22:25
  guess what? We're going to have some chart
• 22:26
  fun, guys. Wrong one.
• 22:29
  Sorry. Oh, Oh no.
• 22:31
  Where'd I do? There it is.
• 22:34
  There it is. the US dollar index.
• 22:37
  He was talking about the prospect.
• 22:39
  Wow. Look at it going down, baby.
• 22:41
  OK, this is big because as the dollar goes down and remember
• 22:45
  this was recently at one O 7.5 as this goes down, Goldie and
• 22:51
  silver it it it's it's traditionally a very conducive
• 22:56
  environment for the gold and silver.
• 22:57
  However, what Phil was pointing out this morning was this
• 23:01
  prospect of a head and shoulders pattern.
• 23:03
  And since I'm not real good with charts, as you know, but we like
• 23:06
  to get our crayons out, I'm going to do my best to describe
• 23:10
  what I believe he was talking about, which was a head and
• 23:14
  shoulders pattern in the US Dollar index.
• 23:17
  The best I could shoot. Hold on here, guys, bear with
• 23:21
  me. Well, let me tell you real
• 23:23
  quick, for those of you who don't know, a head and shoulders
• 23:25
  pattern is one of the most predictable, most closely
• 23:28
  followed patterns in the technical analysis arena.
• 23:32
  OK, it happens when I'm a draw another picture over here on a
• 23:36
  chart like we have here. You have a a left shoulder, a
• 23:43
  head and a right shoulder. And then typically it goes down,
• 23:48
  down, down. And you can also have what's
• 23:50
  called an inverse head and shoulder, which is everything
• 23:52
  flipped upside down where it's like a person standing on their
• 23:54
  head. This is a regular head and
• 23:56
  shoulders pattern. If this is the one he was
• 23:59
  pointing out that he said, you know, has kind of a break point
• 24:02
  around 105.5 on the dollar. And as you can see, the action
• 24:08
  in the US dollar has been to the downside here as of late.
• 24:15
  So if this breaks down, guys, this is so critical.
• 24:17
  I'm the the regulars, I'm stay with me for 20 seconds.
• 24:21
  I'll do this in super warp speed because because you know, the
• 24:26
  DXY index is, is, is a bunch of BS.
• 24:29
  It's the it's compares all the Fiat currencies to each other.
• 24:32
  It's like a, like a, a, a beauty contest for ugly dogs or however
• 24:37
  you want to say it. But but when you but it does it,
• 24:41
  it does have an impact on the silver and gold price.
• 24:43
  And when you look at a long term chart like this.
• 24:48
  Sorry, I'm having some problems with my voice instrument this
• 24:51
  morning. It's critical for us to remember
• 24:55
  if we go into a bear market at that head and shoulders chart
• 25:00
  pattern plays out that we just saw, this is 2001, this is 2011,
• 25:06
  OK, This was a bear market in the US dollar, in the US dollar
• 25:10
  index. During this period of time, the
• 25:12
  price of silver went from under $5 per oz all the way up to $50
• 25:18
  per oz. So that's why we pay close
• 25:21
  attention to that. Woo Hoo, we're having a good
• 25:24
  morning, that's all. Look at the cameras.
• 25:28
  Oh, you don't have a camera on you?
• 25:29
  But anyway, look at your computer and smile, OK.
• 25:33
  Because this morning, I mean, the silver prices move like a
• 25:35
  whole dollar volatility. We talked about that on the days
• 25:39
  when silver's down a dollar and who knows, the way it works, it
• 25:42
  could be down $0.50 by the end of the day.
• 25:44
  But for right now, we'll be happy.
• 25:46
  It's called volatility. We take the bad days, we take
• 25:48
  the good days. The critical thing is that the
• 25:51
  good days outweigh the bad days. And I believe we that that's
• 25:55
  what's been happening for what the last year and that will
• 25:59
  continue is we're on a bull market.
• 26:01
  Remember a bull market so critical because the emotions,
• 26:05
  Do you feel the emotions? Do you have emotions?
• 26:07
  Are you ever get mad, sad, glad? What's the other one?
• 26:12
  I don't know. Anyway, yeah, you have emotions,
• 26:15
  right? I have emotions.
• 26:16
  You have emotions. Those emotions can play with our
• 26:19
  heads when we're investors in silver in particular, but gold
• 26:23
  as well. And when we hit these rough
• 26:25
  patches, when we go through those rough patches, those
• 26:28
  emotions, it can sometimes prompt us to take actions that
• 26:32
  we later regret, like selling all our silver, right?
• 26:36
  Or selling something. So it's important that we keep
• 26:39
  the big picture in perspective, which is a bull market will try
• 26:43
  to throw as many, the bull will try to buck off as many people
• 26:47
  as possible. You're a cowboy.
• 26:51
  You're a silver cowboy, right? You're on.
• 26:53
  You're a bull rider, right? You got to hold on to that bowl
• 26:56
  as long as you can. I'm not saying never sell
• 26:59
  silver. Yeah, silver if, if, if we get
• 27:02
  silver up in real terms and you can trade your silver for some
• 27:06
  other real assets. When there's a bubble, when all
• 27:09
  the ducks are quacking. Yeah, it might be a good.
• 27:11
  And I'll tell you, I've never sold an ounce of silver.
• 27:14
  It's all stored away off site in a safe location.
• 27:17
  I never want to sell it, OK? But if I do, I'll let you know.
• 27:21
  If I trade it, I'm not gonna. I would never trade it for U.S.
• 27:24
  dollars anyway. What about Warren Buffett?
• 27:25
  He bought a lot of silver. And when you hear why he bought
• 27:29
  silver, right, it's going to shock you how it relates to
• 27:33
  where we are today. OK, so I, I heard about this
• 27:37
  with great article. I'm going to pull up initially
• 27:39
  here from our friend Chris Marcus over at Arcadia
• 27:43
  Economics. You know, Chris Marquez, he's
• 27:45
  one of the one of the kings, one of the Knights of those silver
• 27:49
  and gold up. Wrong article.
• 27:52
  Sorry. Guys, Hold on here.
• 27:54
  What happened? Hold on.
• 27:57
  Hold on. Bear with me.
• 28:02
  Shoot. OK, here we go.
• 28:05
  Let's go back and hold on. What if?
• 28:11
  There it is. Here we go, Arcadia Economics.
• 28:16
  This is his daily gold and silver daily sub stack, which
• 28:21
  you can subscribe to. There's a link in the
• 28:23
  description of this video. He puts out a piece of content
• 28:26
  everyday. Chris has more in depth
• 28:28
  knowledge of the gold and silver market than anybody and
• 28:30
  yesterday sent this one out. What if Warren Buffett started
• 28:33
  looking at silver? OK, because Warren Buffett guys,
• 28:38
  and I'll let you read this for yourself, but he bought a lot of
• 28:41
  silver back in the 1960s, OK, bought silver because quote, I
• 28:49
  anticipated the demonetization of the US government.
• 28:52
  And in the time since silver was demonetized in 1964, the price
• 28:56
  had gone from $1.29 up to $30 as of late.
• 29:01
  But in 1997, Buffett's Berkshire Hathaway began.
• 29:06
  The thing here is this is history we're talking about.
• 29:10
  But the critical thing, and I'm going to try to play a clip of a
• 29:13
  video where Warren Buffett and Charlie Munger talk about why
• 29:17
  they bought all this silver because it is fascinating and
• 29:20
  it's going to turn some light bulbs on in your head. 1997
• 29:24
  Berkshire began purchasing silver again and by February
• 29:28
  they held over. February of 1998 held over 129
• 29:33
  million oz. For context, the Silver
• 29:36
  Institute estimates that the total mine supply in that year
• 29:40
  was only 545. So that is they owned almost
• 29:45
  25%. Yeah, that's what Chris says
• 29:49
  next there. It was a big bet.
• 29:51
  Although what's even more interesting about the trade is
• 29:54
  the reasoning behind it and how they how the how, how the
• 29:58
  specific conditions that led Buffett to invest in silver are
• 30:02
  once again in place today. I wonder where I got that idea
• 30:05
  from. I guess I'd read it here from
• 30:07
  Chris. Yeah, perhaps even more exact.
• 30:11
  So the same conditions are in place today that led Warren
• 30:14
  Buffett to buy silver in 1998 to buy the equivalent.
• 30:19
  OK, let me look you in the eyes for this.
• 30:21
  The equivalent. Where are we?
• 30:24
  There we are, the equivalent of 25% of the world's mine output.
• 30:30
  That's how much silver Warren Buffett owned.
• 30:32
  The conditions that were in place that led him to do that
• 30:36
  are in place today in many people, including myself.
• 30:40
  And I believe Chris Marcus would argue that the conditions today
• 30:43
  are even more exaggerated, exacerbated, even more extreme.
• 30:48
  OK, this is critical for us to understand.
• 30:50
  This is Warren Buffett. He probably can't buy silver
• 30:53
  anymore cuz he's so big and they won't let him, you know?
• 30:58
  But back then he could because his funds were smaller and more
• 31:01
  nimble. But these conditions, he's the
• 31:04
  he's his investor investment investment firm got so big,
• 31:08
  Berkshire Hathaway because of smart investments.
• 31:10
  This is the reasons why he bought in 1998.
• 31:13
  It's fascinating. Hold on.
• 31:17
  I promise. There we go and here it is.
• 31:20
  OK, I did have that up. And then we're going to try to
• 31:23
  watch a little bit of a video where he talks about in recent
• 31:25
  years, widely published reports have shown that bullion
• 31:29
  inventories have fallen very materially because of an excess
• 31:33
  user demand over mine production and reclamation, IE there was a
• 31:38
  silver deficit. Therefore, last summer, Mr.
• 31:40
  Buffett, Mr. Munger concluded that equilibrium between supply
• 31:46
  and demand was only likely to be established by a somewhat higher
• 31:51
  price. This is why Charlie Munger and
• 31:55
  Warren Buffett bought silver. Hopefully you guys can hear me
• 31:58
  at this point. I'm the one man band.
• 32:01
  I I apologize for that. Charlie Munger and Warren
• 32:05
  Buffett. The reason why they bought the
• 32:07
  silver in 1998 was because number one, there was a big
• 32:10
  silver deficit, same as we have today.
• 32:13
  The other critical thing that they talked about, which is so
• 32:16
  interesting and it's true even today is the fact that the
• 32:21
  supply of silver is inelastic. That's a fancy way to say that
• 32:26
  you can't just adjust the amount of silver that's produced.
• 32:29
  You can't just turn a switch and produce more silver.
• 32:32
  Most silver is produced as a by product from copper mining, lead
• 32:37
  mining, zinc mining. So those companies are more
• 32:40
  concerned with copper, lead and zinc.
• 32:41
  They aren't going to be like increasing their silver
• 32:46
  production just because the silver price goes up.
• 32:48
  But wait, there's more, because it's even more interesting.
• 32:52
  Warren Buffett points out that with that, this is 1998.
• 32:56
  But true, today the demand for silver is also inelastic,
• 33:01
  meaning that like just because the price of silver shoots up
• 33:05
  doesn't mean that the solar panel manufacturers, the
• 33:08
  electric car manufacturers, the microchip manufacturers, the the
• 33:12
  medical equipment manufacturers, the defense industry.
• 33:16
  Just because the price goes up doesn't mean they're going to
• 33:18
  need any less silver or be able to use any less silver.
• 33:21
  It's inelastic, meaning that it does, it's not flexible.
• 33:25
  The demand is not flexible and it's growing and the supply is
• 33:31
  not flexible. And it is that what's shrinking
• 33:34
  because of the deficit and when it comes to the mining
• 33:37
  activities, it's stagnant. OK, so we've got it's
• 33:42
  interesting to think that why think about this, the smartest
• 33:46
  investor, the smartest investor, I'm not a huge fan, but
• 33:51
  everybody says the best, most successful, smartest investor
• 33:54
  probably of our time, the most well known investor made
• 33:57
  billions of dollars in 1998 bought silver that the reasons
• 34:03
  why is Chris Marcus so keenly pointed out right in his Arcadia
• 34:08
  Gold and Silver Day daily sub stack, which you can subscribe
• 34:10
  to below. The same reasons today exist
• 34:14
  that were in place back then and the reasons why today are even
• 34:19
  more extreme. Do we need do we know why
• 34:22
  silver's up 4030 cents? Yes, we know.
• 34:27
  OK, that's that's the reason why.
• 34:29
  Let me see, I'm sorry, the other, there's another
• 34:32
  astounding fact about this Warren Buffett thing in 1998.
• 34:38
  OK, think of this just shows how tiny and this is a good thing.
• 34:42
  Like I like little things, little miniature things, little
• 34:44
  minute. But anyway, nonetheless, this is
• 34:46
  a this is a the bonus factor about silver that you've all
• 34:50
  been waiting for, right? It is such a small market.
• 34:54
  And even Warren Buffett in 1998 brought that up.
• 34:59
  He said, yeah, sure. Basically we bought 25%, the
• 35:03
  equivalent of 25% of the world's output of silver.
• 35:06
  This was over 25 five years ago, OK, he bought 25% of the world's
• 35:10
  output of silver. But then at the end of that
• 35:13
  video and you can go to Arcadia Economics YouTube channel, watch
• 35:16
  it for yourself, the Charlie Munger.
• 35:17
  And they joked and said it's less than 2% of the value of our
• 35:22
  company Berkshire Hathaway in 1998.
• 35:27
  In 1998, with 2% of the value of Berkshire Hathaway, they were
• 35:32
  able to corner 25% of the silver market.
• 35:36
  Are you kidding me? Is it?
• 35:38
  Are you putting this all together?
• 35:41
  I'm telling you, $600.00 silver. I believe it.
• 35:46
  You know, I know I'm now I have to give you my Full disclosure.
• 35:50
  I am a silver pumper. No, I'm a silver realist, but a
• 35:54
  pumper, whatever you want to call it.
• 35:55
  I believe these numbers. I, I, you don't want to know
• 35:59
  what I believe the price of silver could go to, but I could
• 36:01
  be wrong. Don't make any financial
• 36:03
  decisions based on anything, anything that I'm saying today.
• 36:08
  This was a shocking. Let's, let's, let's, we're going
• 36:10
  to come back to silver and gold. But I was shocked this morning.
• 36:14
  Let's go see this news about the CEO of United Healthcare was
• 36:18
  murdered today. I mean, what is going on in our
• 36:21
  world? And then we will come back.
• 36:23
  But I just saw it right before I came on.
• 36:26
  So let's try not to Google and just get an update on what is
• 36:29
  going on. United Healthcare CEO.
• 36:36
  Yeah, this is sad. This is crazy.
• 36:38
  It's breaking news. United Healthcare CEO Brian
• 36:42
  Thompson fatally shot in Manhattan.
• 36:45
  Let's just see if there's any update on what happened.
• 36:48
  Very sad. I was thinking like, I'm 54, you
• 36:51
  know, this guy probably has kids.
• 36:52
  And this is from the New York Post and we're waiting in New
• 36:58
  York Post maybe. This is such a breaking news.
• 37:00
  A tragic story. Here we go.
• 37:04
  And in Manhattan. And it was like it would they?
• 37:08
  I think it was, Oh, here we go. United Healthcare CEO Brian
• 37:11
  Thompson fatally. I hate these.
• 37:14
  You know what the New York Post now I remember is as all these
• 37:17
  crazy pop up. How do I shut this off?
• 37:23
  Well, today we've had our challenges, guys.
• 37:26
  There we go. There's a way to.
• 37:29
  All right, see if I. Here we go.
• 37:32
  United Healthcare CEO Brian Thompson fatally shot outside
• 37:36
  Hilton Hotel in Midtown. Impossible targeted attack.
• 37:40
  OK, the CEO of United every, I mean, I don't have United
• 37:46
  Healthcare. We, we're Cigna now.
• 37:47
  But anyway. The massive company was gunned
• 37:51
  down Wednesday morning outside the Hilton Hotel in Midtown in
• 37:56
  what police say was a targeted attack.
• 37:58
  Brian Thompson was at the hotel around 6:46 AM, arriving early
• 38:03
  for a conference, when a masked man allegedly waiting for him
• 38:07
  fired at him repeatedly and fled eastbound.
• 38:10
  Wow. Thompson was hit in the chest.
• 38:12
  He was rushed in critical condition to Mount Sinai
• 38:14
  Hospital where that is really sad.
• 38:16
  I'm tearing up. I don't even know the guy, but
• 38:19
  you know, and I'm not a big fan of the healthcare system in our
• 38:21
  country, but that that's the world we're living in right now.
• 38:25
  Wow, that is crazy that I just saw that right before we right
• 38:29
  before we came on and I was a little bit in shock.
• 38:32
  So again, uncertainty, right? I mean, and sad, very, very sad.
• 38:37
  Our hearts go out hopefully. You know, I don't know.
• 38:42
  I don't know what to say about that.
• 38:43
  That's a that's a that's a big one.
• 38:45
  What about our friend Rick Rule? Wow.
• 38:47
  What about the gold? What about the man for gold
• 38:51
  quadrupling? What about the price of gold
• 38:54
  going up to $10,000 per oz? You know what that would do for
• 38:58
  your friend Silver, don't you? Let's go see what Rick Rules up
• 39:01
  to and see what he said. We're going to head out to Kitco
• 39:06
  and hold on. Not wrong one boy.
• 39:09
  I am on fire today. Where did you go?
• 39:14
  Hold on here, guys. Something happened to my
• 39:16
  computer. Thank you for bearing with me
• 39:18
  through all this. Warren Buffett, that that hold
• 39:23
  on. Hold on.
• 39:31
  Gold, silver China band. US silver breakout.
• 39:34
  Robert Kiyosaki, I had a great article.
• 39:37
  Let me see if I can find it here with Rick Rule.
• 39:41
  Oh, here we go. Wow, something happened to the
• 39:44
  computer. I probably.
• 39:45
  OK, here we go. Rick Rule.
• 39:47
  Our friend Rick Rule talking about gold, the gold, gold's
• 39:51
  U.S. market share to quadruple. What happens to gold price when
• 39:54
  that happens according to Rick Rule.
• 39:56
  I did an interview there with Jeremy Saffron.
• 39:59
  This articles by Anna Golubruva. Here we go.
• 40:04
  The only way for the US to escape its current debt crisis
• 40:07
  is to inflate away the value of its obligations, much like what
• 40:10
  happened in the 1970s, said Rick Rule.
• 40:13
  OK, this dynamic creates a bullish case for commodities
• 40:17
  like precious metals, uranium, and copper, with energy also
• 40:20
  poised to benefit. According to Rule, the US will
• 40:23
  ultimately honor its debt obligations in nominal terms,
• 40:28
  but will allow inflation to erode their real value as it did
• 40:33
  during in the 1970s. Hey guys, that's what we've got
• 40:38
  coming. We've talked about this
• 40:39
  inflation with a capital I silver and gold investors,
• 40:44
  you're the 1st to know. Basement dwellers, you're the
• 40:47
  1st to know. I stake my entire reputation on
• 40:51
  the fact that we will have massive high inflation if not
• 40:55
  mid next year, late next year. I'll, if we don't have inflation
• 41:00
  over at minimum even officially 6% in 2000, 6% in 2026, mark it
• 41:06
  down and it will be a major catalyst for the silver price
• 41:11
  and the gold price. And the reason why, the reason
• 41:15
  why is very simple because at that point and it's already
• 41:18
  begun to happen, the market wakes up that the Fed can't do
• 41:23
  anything to fight inflation. And then in fact, the Fed really
• 41:26
  wants inflation. Let me show you why Rick Rule is
• 41:29
  saying this. Let's go on our quick daily
• 41:32
  field trip to see if this works. Today, the US debt clock, which
• 41:37
  jumped up by like 50, whatever that is.
• 41:40
  Billion, trillion, whatever, right?
• 41:42
  This is why. OK, This is why.
• 41:45
  Interest expense. This is why.
• 41:47
  All right? That's what's happening.
• 41:49
  That's what we're going to have in this.
• 41:52
  My friends, we haven't updated this for a few days.
• 41:55
  Oh my gosh, look at this. The dollar to silver ratio, we
• 42:00
  just got over 1000 not too long ago, $1082 As a quick reminder
• 42:07
  and for those of you who are new, what this number represents
• 42:10
  is and it was working the other day.
• 42:14
  Hold on here, see if I can get this to work.
• 42:17
  It's working OK. If you look up at the top of
• 42:19
  your screen, here's the description which I've been
• 42:22
  trying to verbally explain to you guys.
• 42:24
  This is the dollar to silver ratio.
• 42:27
  We just broke 1000. We had a record-breaking live
• 42:30
  stream on a Saturday night when it actually broke 1000.
• 42:33
  Now we're approaching 1100 U.S. dollar to silver ratio now in
• 42:39
  red. The USM 2 money supply is
• 42:42
  declining year over year. That doesn't make sense that
• 42:46
  this is the year over year increase in the USM 2 money
• 42:50
  supply divided by the yearly world production and silver.
• 42:55
  So the year over year increase. This is so that's money being
• 42:59
  created, paper money, electronic money.
• 43:01
  The M2 money supply is like bank accounts.
• 43:04
  You can look it up, but it's like basically the actual active
• 43:07
  money in the US economy. So this measures the increase in
• 43:11
  the year over year increase in the M2 money supply divided by
• 43:16
  the yearly world production of silver in ounces.
• 43:20
  So that means that for each ounce of silver being produced,
• 43:24
  there are now 1082. Just to give you some context on
• 43:28
  how this number has been exploding, back in October 21st
• 43:32
  we started tracking it at 7:29 and it is and which was
• 43:37
  astounding on its own. OK, very.
• 43:40
  You know, we we were shaken by that, but look how it has grown
• 43:44
  since October 21st over the last six weeks.
• 43:49
  Wow, it really took off here. Today's 12/4.
• 43:56
  What did I say? We were at, I think 1087.
• 44:00
  Unbelievable. It's me.
• 44:02
  I'm going to send this to Janet Yellen.
• 44:06
  Anyway, back to Rick Rule, I apologize.
• 44:08
  Nope, I don't want that NMBA stock watch.
• 44:11
  OK, we face the Sir. OK, We face just like Chris
• 44:18
  Marcus just said and we're, we face the same circumstances now.
• 44:24
  We faced the same circumstances, although less dire in the 70s,
• 44:30
  OK, We will honor the nominal amount of our obligations, but
• 44:34
  will inflate away the net present value of the
• 44:38
  obligations, right? They're going to inflate
• 44:40
  everything away, right? It's going to that, that's
• 44:42
  what's coming. Rule highlighted the US debt
• 44:45
  being out of control. This is interesting, guys.
• 44:47
  In the decade of the 1970s, we are, we are in we.
• 44:52
  I got to look at you one more time that I promise we're going
• 44:54
  to stick to this article. We are in the 1970s on steroids.
• 45:00
  I was born in 1970 for a reason, right?
• 45:04
  I lived through those 1970s. You probably maybe did too.
• 45:07
  Maybe you didn't. Anyway, gold and silver exploded
• 45:11
  during the 70s. Inflation exploded during the
• 45:14
  70s. The big key thing, and the
• 45:17
  reason why we keep going back to the 70s as gold and silver
• 45:21
  investors, is because now we're in more dire condition than we
• 45:27
  were OK in the 1970s. It's worse, worser, worstest
• 45:33
  Worcestershire Shaws. Anyway, let's go.
• 45:37
  Let's go back and wrap up this article.
• 45:40
  Not wrong one. There we go.
• 45:42
  OK, while the US economy appears healthy on the surface, it's
• 45:49
  mainly due to debt access to credit stated rule.
• 45:52
  If you have access to credit and understand how to use the
• 45:55
  credit, this economy is spectacular.
• 45:57
  However, he warned that this economic model is not
• 46:01
  sustainable and is leaving many behind.
• 46:04
  Yeah, right. Like the fact that one in 1000
• 46:06
  Americans own as many assets as like the next 500 Americans,
• 46:11
  right? Distribution of wealth in this
• 46:13
  country is atrocious and sad, right?
• 46:16
  The whole foundation of the country has been eroded.
• 46:19
  Our founding fathers set up this country.
• 46:21
  Hey, I love capitalism. Capitalism is great free market,
• 46:25
  no doubt about it. But it has to exist in an
• 46:28
  environment that it that has a fair and level playing field.
• 46:31
  And I got news for you buttercup.
• 46:33
  I love this country. I got self waving American flags
• 46:36
  behind me. But the fair and level playing
• 46:39
  field in the United States, that ship sailed probably in 1971,
• 46:43
  maybe in 1913 when the Fed was created.
• 46:46
  Now the rich have every advantage known to man and
• 46:49
  they're plundering our country and it's going to, it's going to
• 46:52
  end in ruin. My opinion.
• 46:54
  That's not Rick Rule, that's just me.
• 46:55
  Nonetheless, the concept of cleaning away the dead will
• 46:59
  drive up the price of gold, just as it did when the precious
• 47:01
  metals surged from $35 per oz to $850 per oz during the 1970 to
• 47:08
  1980 period. Let's do a little mathematics,
• 47:10
  guys. Let's just for fun, hold on
• 47:13
  here. I'm getting a lot of text.
• 47:17
  No sound. Yeah.
• 47:18
  Thank you, Jake, again for that update.
• 47:19
  You saved me on that one. But I'm going to do a little
• 47:23
  math. Let's see.
• 47:24
  Let's see how much the price of gold went up during that period.
• 47:29
  So we're going to divide 850 / 35.
• 47:33
  That was a 24.2824 point 29 increase if we take that.
• 47:42
  This isn't even funny. So during the 70's the price of
• 47:45
  gold went up by 24 times. Let's just say for kicks and and
• 47:50
  giggles my fellow basement dwellers, that we apply that 24
• 47:54
  times to the current gold price, which, hold on here we said was
• 48:00
  2655. So we multiply that times 2655.
• 48:08
  Oh wait a minute, hold on here, I screwed up 2655 What?
• 48:13
  Not divided by boy oh boy. So much for my degree in
• 48:17
  accounting. OK, 2650, that would be $64,000
• 48:23
  gold If gold were to go up by that same amount, we know that
• 48:29
  silver went up even more. We won't even do those
• 48:31
  calculations. While gold has performed well in
• 48:33
  recent years, Rule sees it rallying further.
• 48:36
  He pointed out that the market share of precious metals in the
• 48:38
  United States is far below its historic average.
• 48:41
  OK, Rule pointed out that gold is an investment and savings
• 48:45
  mechanism is ignored by 99.5% of the US market.
• 48:51
  Gold does not OK, so that means that only .5 half of 1% out of
• 48:57
  every $100.00 of investment money in the United States, out
• 49:04
  of every $100, only $0.50 of it is invested in precious metals
• 49:10
  and precious metals related investments $0.50.
• 49:12
  But. But this is where it gets fun.
• 49:14
  Gold doesn't need to whip the US dollar.
• 49:16
  Gold doesn't need to break the treasury market.
• 49:18
  All it has to do is revert to mean then in the market share in
• 49:23
  the US market grows fourfold because the average, the mean
• 49:28
  has been 2%. If we just went back to average,
• 49:31
  we could go more than average, right?
• 49:33
  And we talk about the guys, this is probably one of the one of
• 49:38
  this is one of the most exciting things as a silver and gold
• 49:42
  investor that we need to realize we have been through hell.
• 49:46
  OK, I think I can start saying that word now.
• 49:48
  Heck, a very difficult period over the last number of years.
• 49:52
  Sentiment in the sector is horrible.
• 49:55
  OK, that's but that's a good thing because if people, if we
• 49:59
  get back just the average, just average, right, If we go from F
• 50:03
  to C, right, If my daughter comes home and says I have an F
• 50:07
  in math class and I said, well, if you just get back to C,
• 50:10
  everything's OK. If we go from an F .5% to AC to
• 50:14
  that's four times, hold up your 4 fingers four times the amount
• 50:20
  of money coming into the gold and silver sector.
• 50:22
  He says, quote, Can you imagine what a four fold increase in
• 50:26
  demand for gold and gold stocks due to the gold price?
• 50:31
  He says, I don't own gold because it might go from 2600 to
• 50:35
  3000. I own it because I'm, I'm afraid
• 50:39
  that it will go to $10,000 per oz.
• 50:43
  This is real. You know, you may not, you may
• 50:46
  not agree with me. That's OK.
• 50:49
  But you know, when people, I, I, I get attacked when I say that I
• 50:53
  think, oh, gold could go to 10,000, gold could go to 6000,
• 50:56
  gold could go to 64,000. As we just saw, that's based on
• 51:01
  mathematics, that's based on things that have happened in the
• 51:04
  past. Does that mean that they're
• 51:06
  going to happen in the future? What do you think?
• 51:08
  Right. No, that's no guarantee.
• 51:11
  But to say that, to say that you're crazy, to say that gold
• 51:16
  going, it can go to 8000. I heard of an analyst last night
• 51:20
  talking about that in 2026, he easily sees gold between 5000
• 51:25
  and $8000 per oz. And you think that's crazy?
• 51:29
  Well, no butter cups. What happened to gold during the
• 51:34
  1970s? It went up by 24 times.
• 51:37
  Now part of that might have been because they loosen the, the
• 51:42
  they went off the gold standard and then they let the pride gold
• 51:45
  price float. And then in 19, whatever I think
• 51:49
  President Ford in 1974, maybe it was made it legal because
• 51:53
  remember, we weren't allowed to own gold in the United States.
• 51:57
  We talked about those poor Chinese, those poor Chinese,
• 51:59
  they can't buy Bitcoin, they can't buy crypto.
• 52:02
  But in the the United States it was illegal to own gold up until
• 52:07
  like mid 1970s It's insane. Anyway, I digress to say that
• 52:14
  the gold price can't go to 8000, right?
• 52:18
  What is that? That's a three times, let's say
• 52:20
  7000 on whatever, 7500 gold. When I say that, how do you
• 52:25
  react? Oh, that seems crazy.
• 52:27
  That seems crazy. That seems crazy.
• 52:28
  Hold on, let's get the calculator out.
• 52:30
  Let's see here. So we're at 2650 gold.
• 52:34
  If gold went up three times, OK, that's where we'd be 7950.
• 52:41
  I'm not even going to say 8000, right?
• 52:43
  That's three X gold went up 24X during the 70s.
• 52:48
  I know it seems absurd, right? We'll see how it all plays out.
• 52:54
  OK, let's see here. If you're looking for a
• 52:57
  Christmas present for a loved one who loves gold and silver,
• 53:00
  loves to bury stuff in their yard, like who doesn't?
• 53:03
  You can be like a squirrel, right?
• 53:04
  You can bury your silver gold. Check out Dirty man safe.
• 53:07
  There's a picture. That's how you do it.
• 53:09
  You dig a hole, put the sleeve in there, put down in there.
• 53:12
  Then you lower your dirty man safe and you bury it and nobody
• 53:16
  knows about it but you. You and the squirrels.
• 53:19
  You can be your very own pirate. There is a Yep, hold on here.
• 53:23
  Oh, that's when you pull it out of the ground.
• 53:25
  Really a well made product. I was impressed with they sent
• 53:27
  me, but there is a 10% off code Ron 10 and let's do it.
• 53:32
  I don't want to do it. I'm afraid I have to be honest
• 53:34
  with you guys. I'm afraid to go check the
• 53:38
  silver and gold price. But let's do it because you know
• 53:40
  what? It could be red.
• 53:41
  I mean, you know how crazy that volatility is working in our
• 53:45
  favor right now. So let's go out to Pendex and
• 53:49
  let's check on the gold and silver price.
• 53:51
  There we are. There we are.
• 53:54
  OK, come on, let's press the magic button and OK, 37 cents.
• 53:59
  Wow, man, gold and silver were red this morning.
• 54:03
  At one point, silver was really taking it on the chin, you know,
• 54:08
  And does it affect my mood? Yes.
• 54:11
  Am I addicted to silver and gold?
• 54:13
  Maybe. Maybe you are too.
• 54:15
  One thing for sure, I want to say thank you for joining us
• 54:18
  here today. We had 1000 people on this live
• 54:20
  stream. That's massive.
• 54:21
  That's huge. That means there's more people
• 54:23
  getting interested in the precious metals.
• 54:26
  Maybe that's that movement like Rick Rule talked about from .5%
• 54:31
  of US assets and silver and gold going back to 2%.
• 54:35
  Maybe we're moving from .5. If we just go from .5% to 1%,
• 54:40
  that's double the amount of money.
• 54:42
  It can happen. So thank you for being here,
• 54:44
  right? This is not possible.
• 54:46
  I couldn't do this without your participation.
• 54:49
  You are important, right? You're loved by family, friends,
• 54:52
  everything else. You're also part of this group.
• 54:55
  OK, we appreciate you being here hope you feel like you found a
• 54:58
  little home away from home or I want to say thank you to 1st
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  Have a great day. Thanks for being here, guys.
• 55:42
  I'll see you soon. Thank you, thank you, thank you.