Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 BIG WARNING 🚨 SILVER Price DROP... (Gold Price Too)

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🚨 BIG WARNING 🚨 SILVER Price DROP... (Gold Price Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  Silver is getting absolutely crushed.
• 0:05
  What a great morning a silver and gold investors are having.
• 0:09
  Is this reason for us to actually be optimistic as we
• 0:14
  look into the coming, let's say two or three months or, or is
• 0:18
  this a sign of a massive pullback that's going to occur
• 0:23
  and we'll be back in the basement talking about how the
• 0:26
  the the price could go higher as we head into the end of the
• 0:30
  year? Is this a big deal?
• 0:32
  That's the question that we need to ask ourselves and that's what
• 0:36
  we'll dig in today. Or is this the final act of
• 0:40
  desperation by those big bullion banks, right, the COMEX and the
• 0:44
  LBMA and the big bullion banks manipulating the price down?
• 0:48
  I want to show you something very interesting that occurred
• 0:52
  last night in the market. Hold on one second.
• 0:55
  I'm getting the screen up a little bit, and I apologize to
• 1:00
  you guys for being late this morning.
• 1:02
  All right, now let's pull this one up.
• 1:06
  Hold on here. Here we go.
• 1:09
  Let's look at the silver chart. OK, this is the last 24 hours
• 1:14
  and the silver price. Do you notice something?
• 1:17
  Right? We were doing great last night
• 1:19
  up until about 2:30 in the morning.
• 1:22
  We almost had $31.00 silver and then somebody, I mean, who's
• 1:28
  trading silver at 3:00 in the morning for crying out loud.
• 1:32
  But from about, oh, let's say 3:30 AM until 4:30, AMI guess
• 1:39
  somebody fell asleep with their finger on the cell, on the cell
• 1:42
  button. I don't know, but do you find it
• 1:44
  a little suspicious? Have you noticed this trend
• 1:48
  lately with silver? Am I the only one who's seen
• 1:51
  this? It used to be that they would
• 1:53
  bash the silver price, I don't know, around 8:30 Eastern Time,
• 1:58
  9:30 Eastern Time. But now they're resorting to
• 2:02
  doing it in the middle of the night.
• 2:05
  Literally, if you look back at the last couple smashes that
• 2:08
  we've had, they've been at like two or three in the morning.
• 2:12
  So, you know, look guys, let's also pull out here and look at,
• 2:19
  let's look at the one year chart on silver.
• 2:21
  I want to point out to you, I, I, I will say it for the
• 2:24
  umpteenth time, we had $22.00 silver in February.
• 2:28
  And I want you to look at this upward trend.
• 2:31
  Follow my yellow arrow there, right uppity, uppity, uppity.
• 2:35
  Still, if we can close and we're at what, $30.16 that's in the
• 2:41
  futures. But if we can stay above this
• 2:43
  line, see this line, this upward trend line, that's continues to
• 2:48
  be a very, very good sign for the silver price.
• 2:52
  So is it, I'll tell you, who do you think selling silver right
• 2:55
  now? Who do you think are the people
• 2:57
  that are selling out of their mining stocks either?
• 3:00
  They're the real smart people, right?
• 3:02
  We are indeed heading toward 26 dollar, $24.00 silver.
• 3:06
  I don't think that's the case right now.
• 3:09
  Look, if we get $2726 silver here in the next few weeks, my
• 3:15
  enthusiasm will definitely be tempered.
• 3:18
  But if we can hold in this upward trend, I think the people
• 3:22
  who are selling now, they're the weaklings, OK, Nothing against
• 3:26
  them. If you've sold silver, I'm not
• 3:27
  putting you down. Maybe you're right, maybe you're
• 3:29
  wrong, but I think right now the people who are selling silver,
• 3:34
  physical silver, silver mining stocks, gold mining stocks for
• 3:38
  that, for that matter as well, those are the Chicken Littles.
• 3:41
  Those are the we cans. Those are the skittish ones,
• 3:44
  right? And I can say that because in
• 3:46
  the past I've been that type of person, I'd be on a day like
• 3:49
  today saying sell it all, sell it all.
• 3:51
  I'll tell you a a a story from my own personal life that cost
• 3:56
  me a lot of money. I lost AI didn't lose, but I
• 4:01
  lost out on making a lot of money.
• 4:03
  I invested heavily into the precious metal mining stocks
• 4:07
  right around the time February, March, January, February, March
• 4:11
  of 2020, when the C nineteen thing hit right.
• 4:15
  I was in Branson, MO with Susie and my family staying at the,
• 4:19
  forget the name of the hotel right on the strip when I mean,
• 4:22
  the heat of they were shutting everything down and the markets
• 4:26
  were crashing and I was buying, buying, buying all kinds of
• 4:30
  precious metal mining stocks. OK.
• 4:32
  They were great purchases and I rode them up until about June of
• 4:37
  that year. They did very, very well.
• 4:39
  I'm very grateful for that. But then we had a little bit of
• 4:41
  a pullback June, July of 2020. I don't know if you remember
• 4:45
  that. And I sold everything like I
• 4:47
  don't want to lose all these games.
• 4:49
  I, I can't, I don't want to, I can't deal with this, right?
• 4:51
  So I sold everything and then a week or two later, the stocks
• 4:56
  and the metals prices continued their March higher.
• 5:00
  So you know it, it's easy to get scared.
• 5:03
  We got a lot of people who are probably selling silver today
• 5:06
  scared. I'm sure coin Shop, Chris will
• 5:08
  tell me later that a lot of people running into the shop,
• 5:11
  right, people, the, the average gold and silver, especially
• 5:15
  silver investor, they run into buy, buy, buy on days when
• 5:20
  silver's up $2.00 an ounce, silver's up a dollar an ounce.
• 5:23
  Silver's on a big roll though. Buy, buy, buy.
• 5:26
  When the price goes down, they sell.
• 5:28
  I always say, you know, if you're buying silver today, look
• 5:31
  on the bright side, you're getting it for a dollar an ounce
• 5:34
  cheaper than you would have yesterday.
• 5:36
  Nonetheless, I digress. I did warn you guys, we talked
• 5:40
  about this, right? I talked about it last week, we
• 5:43
  talked about it on Sunday that we could definitely see a
• 5:46
  pullback. I'm not worried and if and I
• 5:48
  don't think we will, I'm rooting baby.
• 5:50
  We're going to go, we're going to go check the gold and silver
• 5:52
  price here in a second. But if we get to blow 28 fifty,
• 5:56
  $28.00 per oz, then I'll then I'll start to get concerned.
• 6:01
  We get down to 26. You may have to send some help
• 6:03
  over here because I I'll probably be downright depressed.
• 6:06
  I don't know how you'll feel about it, but I won't be real,
• 6:09
  real happy. What's that?
• 6:18
  OK, your batteries are going dead.
• 6:19
  I think Susie said. We may not want to look at it,
• 6:22
  but hey, let's go look at it. We can take it.
• 6:24
  OK, let's go take a look at the gold and silver prize.
• 6:28
  No, boy, take your blood pressure medicine.
• 6:32
  I may have to double up today. Yeah, it's not good, guys.
• 6:35
  This is not good. OK.
• 6:37
  Yep. So we've got gold down $22.00
• 6:40
  per oz, silver down $1.13 per oz.
• 6:43
  But the good news is, if you waited till today to buy
• 6:47
  yourself some silver or gold, you're getting your silver a
• 6:49
  full dollar per oz cheaper, right?
• 6:52
  So congratulations. And you may want to consider
• 6:55
  channel sponsor Pembex. Here we are on their website, Pi
• 6:58
  MB E x.com. They have silver, they have
• 7:01
  gold, they have the platinum group metals.
• 7:04
  And compared to the prices we had yesterday, there's a sale
• 7:07
  going on. OK, I've worked with Pembex.
• 7:10
  You know that I'll never tell you what to do, but I will
• 7:14
  recommend and tell you, you may benefit from comparing Pembex to
• 7:19
  the other online bullion dealers when you're buying metal.
• 7:22
  I did that. And what I found is the great,
• 7:24
  the best prices, the best service and great selection.
• 7:28
  OK, if you ever decide you want to convert all or part of an IRA
• 7:31
  into silver and gold, do yourself a favor and check out
• 7:34
  Pinbex for that as well. Oh, baby.
• 7:38
  OK, let's talk about something positive when it comes to silver
• 7:41
  and gold. All right, let's let's put this
• 7:44
  out of our heads that silver's down at dollar an ounce.
• 7:49
  Let's talk about something positive because we still have,
• 7:53
  we still have silver, right holding in there around $30 per
• 7:59
  oz. We still have gold.
• 8:01
  Let me let me go look at the gold price, $2300 per oz now.
• 8:07
  Now consider this and I'm going to show you some charts that are
• 8:11
  going to make this crystal clear.
• 8:13
  The two biggest factors that they talk about that impact the
• 8:17
  silver price and the gold price, interest rates and the dollar.
• 8:21
  Well, what if, what if, what the charts of the interest rates and
• 8:25
  dollars show us that gold should be about 1400 an ounce, silver
• 8:31
  maybe $17.00 an ounce, but they're not.
• 8:35
  What does that tell us about the strength in the gold market and
• 8:39
  the silver market and what does it tell us about what we have to
• 8:43
  come in the future? Let's go check this out because
• 8:45
  look, this is crazy interesting. There's our old friend the
• 8:50
  silver chart. This is the the DXY index, the
• 8:54
  dollar index, OK, over the one day we don't want to look at
• 8:59
  that. We're going to look at the
• 9:00
  dollar index over a long period of time, OK?
• 9:05
  Remember, the higher the dollar index goes, the lower silver and
• 9:11
  gold are supposed to go. Well, I want to point something
• 9:14
  out to you. When we look at where we are
• 9:16
  right now, one O 4, one O 5 range right now and we go all
• 9:22
  the way back, OK, look $96 lower. 9790, we have to go all
• 9:29
  the way back to around, oh, let's see here.
• 9:34
  What year is that 2002? We've only got like a three-year
• 9:39
  period, guys, when the dollar was higher than it is now.
• 9:44
  Out of what? This goes back to probably 1985.
• 9:48
  So that's what, 1540 over the last 40 years, the last 30
• 9:51
  years, 40 years, right, we go back to 19.
• 9:56
  What would they be, 1995, nineteen.
• 9:58
  I mean, when's the last time it's and it's crazy.
• 10:02
  The dollar is strong where we are right now.
• 10:06
  The dollar's only been stronger. I mean, briefly right here,
• 10:11
  maybe like a couple months back in 2022.
• 10:15
  And then if we go all the way back here, look, that was
• 10:19
  December of O2. So I mean, we're talking about
• 10:24
  the January of O2 of 2002 or three years in the last 40 years
• 10:30
  or so that we've had the dollar at a sustainably higher level
• 10:34
  than where we are now. The gold price and the silver
• 10:36
  price have done awesome in the face of major adversity, right?
• 10:43
  The DXY index now look, it's all a bunch of bunk anyway on top of
• 10:47
  that because of the DXY index just compares the dollar to a
• 10:51
  bunch of other credit currencies, the euro and the yen
• 10:54
  and they're all going to zero. That's a fact.
• 10:56
  But that was standing that relationship.
• 11:01
  The dollar we got, we got a double bonus #1 all those
• 11:05
  currencies are falling just right now.
• 11:09
  The dollar's falling a little slower.
• 11:11
  And that's a big, big headwind to the gold price and the silver
• 11:15
  price. In the gold and silver price, it
• 11:17
  remains strong. Let's go take a look at the
• 11:20
  bonds. We haven't looked at the bonds
• 11:21
  for a long time. This is the 10 year bond, 10
• 11:24
  year bond yield. OK, Look, here we are right
• 11:27
  here, 4.36 today. Let me get it.
• 11:31
  Let me get it on today, OK. When's the last time bond yields
• 11:36
  were sustainably higher? Really you got to go back to
• 11:40
  really got to go back to around the year 2000.
• 11:43
  I mean we have like decades high interest rates Again, as
• 11:49
  interest rates go higher, gold is supposed to go down for a
• 11:52
  number of different reasons. It makes the dollar more
• 11:54
  valuable, which we just showed, but it also decreases the rate
• 12:00
  of return that, that, that relationship.
• 12:02
  Everybody looks at real interest rates and you know, people say,
• 12:06
  well, you can get 5% on ACD and inflation's only 3%.
• 12:10
  Why would I put my money in gold, right?
• 12:13
  No, gold has remained strong despite all of that.
• 12:18
  Now guys, we got a lot. I got, I got some very, I'm a
• 12:22
  new analyst. I'm going to introduce you to
• 12:24
  later who I listen to had some crazy, crazy insightful things
• 12:29
  to say about the silver and gold market.
• 12:32
  Just for a little housekeeping here, let's go out now.
• 12:36
  Let's just check. Let's go check with our old
• 12:39
  friend the Oriental ghost. Let's look at how, hold on a
• 12:44
  second here, how can silver in the United States down a dollar
• 12:51
  2020, 950? How can silver be 2950 here?
• 12:56
  Let's see what it closed at in China.
• 12:59
  OK, yes, on the Shanghai Gold Exchange, Oh, silver, silver
• 13:05
  closed at $34 five does that's is my math correct.
• 13:10
  That's $5.00 an ounce higher. What about the Shanghai Futures
• 13:16
  Exchange 3471? This is insane.
• 13:21
  I'm sorry, I'm not supposed to. I'm.
• 13:23
  I'm working on my yelling. This is insane, guys.
• 13:25
  This is what is happening right now in the world, OK?
• 13:31
  This guy says. According to Jim Rickards, the
• 13:33
  recent price increases are due to the Chinese public's
• 13:35
  preferences for hard assets following a complete loss of
• 13:39
  confidence in real estate. Yes, and their stock market as
• 13:43
  well. So I'm going to repeat this
• 13:45
  later, but somebody pointed this out with silver.
• 13:49
  We haven't really even seen in China the retail side, OK, all
• 13:54
  this demand from China is industrial.
• 13:57
  Wait till you hear the latest out of India, more breaking
• 14:00
  silver news out of India. All the, all the, all the silver
• 14:04
  demand out of India is industrial.
• 14:06
  Same thing with China. We haven't really seen the
• 14:09
  Chinese retail crowd yet show up for silver.
• 14:14
  If that happens, when that happens and if and when it
• 14:17
  happens in the United States, it could be absolutely crazy time
• 14:23
  for the silver price and the gold price.
• 14:25
  OK, real, here we go. What's going on in the markets?
• 14:29
  We need to talk about big news on Friday, which will impact,
• 14:33
  right? But we've got stock markets.
• 14:35
  We're not the only one, Craig, right.
• 14:37
  The stock market's had a good a bad day yesterday, lower again
• 14:42
  Tuesday is the economy might be starting to show cracks.
• 14:45
  What does that mean for the silver?
• 14:48
  This means everything for the silver pricing, gold price and
• 14:51
  I'm going to cut right to the chase because it means
• 14:53
  stagflation. They're starting to recognize.
• 14:57
  I got a couple things highlighted down here that the
• 14:59
  economy is slowing. But if you noticed, when you go
• 15:03
  to the grocery store or you try to go to McDonald's or you try
• 15:06
  to buy, prices aren't dropping. Prices are continuing to go up.
• 15:10
  It's stagflation, guys. And man, just do a brief study
• 15:16
  of what happened in the 1970s during the stagflationary period
• 15:20
  in its absolute crazy rocket fuel for the silver price and
• 15:25
  gold price. I still believe, I believe that
• 15:27
  in the next six months, this is all gonna come to a head and
• 15:31
  that we could see. Don't make any financial
• 15:34
  decisions based on anything I'm saying, but that we could see a
• 15:37
  real rocket ship rise. I still believe when I look out
• 15:41
  it's a November ish time frame that we could be talking about a
• 15:45
  $3843 per oz silver price. Yes, right.
• 15:50
  Today's a big big big bump in the road.
• 15:53
  The scaredy cats are selling today.
• 15:55
  OK, but but you know, it's going to be good times.
• 15:59
  We recent week manufacturing data has prompted Wall Street
• 16:03
  strategist to scale back their optimism for economic growth,
• 16:07
  which supports a case for rate cuts.
• 16:11
  But they can't cut rates because that will create hyperinflation.
• 16:16
  They're in a box. They're in big trouble.
• 16:18
  All eyes will be on the April job openings figures due later
• 16:22
  Tuesday for more clues to how the economy is holding up, with
• 16:26
  factory and durable good orders also on the docket.
• 16:29
  The big news is the labor market update serves as a precursor to
• 16:34
  the crucial May jobs report on Friday, the day to highlight of
• 16:39
  the week. Friday is the big day, guys.
• 16:42
  So we'll get on Friday. We're going to get the May jobs
• 16:45
  numbers. That's always a big market
• 16:49
  moving event. It's become more noise as of
• 16:53
  late, but none the less that'll be a big market moving event on
• 16:57
  Friday. The, the, the big news though,
• 17:00
  out of all of this, is the economy slowing.
• 17:03
  Can't you feel it right? And we'll talk about India and
• 17:06
  the stock market's plunged in India, Mexico, We've had all
• 17:11
  kinds of craziness going on. But can't you feel, is it just
• 17:14
  me or do you, do you feel it like I, I feel it in my bones,
• 17:18
  Not just my gut, but my bones. At this point, the economy is
• 17:22
  grinding to a halt. People I talk to right, just on
• 17:28
  the street observation restaurants are closing.
• 17:31
  We have a restaurant, Restaurant Acropolis, they're calling it
• 17:34
  now Restaurant Apopolis. I don't know whatever
• 17:37
  restaurants are shutting down home improvement people that I
• 17:40
  talk to, people that like sell windows.
• 17:43
  I was listening to a guy last night say he worked at a factory
• 17:46
  where they made windows for houses.
• 17:48
  They shut the factory down. Things are slowing down right
• 17:52
  now. I will stand by my prediction.
• 17:55
  It's my one standing prediction, my one solid.
• 17:58
  Then in the next six months, we're going to see some form of
• 18:01
  economic major turmoil in this country.
• 18:05
  And at that point, with already high inflation, a stagflationary
• 18:09
  environment, when the Fed does the only thing they know how to
• 18:13
  do and whatever they call it, they'll come up with a fancy new
• 18:16
  name and a reason why this happened and blah, blah, blah,
• 18:20
  right? But what they're going to do is
• 18:21
  print money, right? Right.
• 18:23
  Liquidate things. I mean, on top of that, we've
• 18:27
  got this. Are you reading, are you seeing
• 18:29
  this big June 9th date that everybody's talking about?
• 18:31
  I guess it's Sunday that basically the Petro dollar ends
• 18:36
  at that point that Saudi Arabia's officially ending the
• 18:39
  Petro dollar relationship. They're talking about why India
• 18:42
  and China are acquiring so much silver and gold, The Middle East
• 18:46
  countries are acquiring so much silver and gold because we've
• 18:49
  got this massive bricks meeting coming up later in the year that
• 18:54
  we may indeed learn about a new, you know, joint monetary system
• 18:58
  between them. And a lot of people are saying
• 19:01
  they'll be backed by gold. And even more and more people
• 19:03
  are talking about the fact that silver could play a component in
• 19:08
  that as well. Things are crazy and things are
• 19:11
  crazy in the silver market right now.
• 19:13
  My gosh, I'm only a third of the way through my notes.
• 19:15
  OK, it's a bad economy in a few months, Liquidate.
• 19:19
  That's what I said. And capitals, this is how it
• 19:21
  plays out. That is my prediction on
• 19:24
  Election Day. If we've not had economic
• 19:27
  turmoil, I will eat crow. But I'm telling you, we're in
• 19:31
  for some crazy times in the next four or five months.
• 19:34
  OK, I could be wrong. Don't make any financial
• 19:37
  decisions. What happened yesterday?
• 19:39
  Did you know that like the stock market had some flash crashes?
• 19:42
  Berkshire Hathaway, the big Warren Buffett company went from
• 19:46
  being like, I don't know what's it like $600,000 a share down to
• 19:50
  a dollar. A Barrick Gold stock dropped
• 19:53
  99%. We had some glitches.
• 19:56
  And what I want to point out to you as a silver and gold
• 19:58
  investor, is this when you think about that, right, flash crash.
• 20:02
  I remember the other, the original flash crash.
• 20:05
  I want you to think about something, but first I'm going
• 20:07
  to have a drink of coffee. Because this has everything to
• 20:10
  do with silver and gold. Flash crashes, technical
• 20:20
  glitches. Could that happen to
• 20:22
  cryptocurrency? That's a whole different
• 20:24
  subject. Flash crashes, electronic make
• 20:28
  believe, stock value poof, gone in an instant.
• 20:33
  What do they call that? That's called counterparty risk.
• 20:36
  What do you not have when you own this?
• 20:40
  Here's my silver heart I got from my dear wife Susie who I
• 20:44
  love more than anything in the world and she does so much to
• 20:47
  help the channel. Everybody please say hi to Susie
• 20:49
  and thank you to her. She puts up with a lot from me.
• 20:52
  Trust me I am not the easiest guy to live with.
• 20:56
  I get stressed out anyway, this right?
• 20:58
  When you own this, you're not relying on a Stock Exchange,
• 21:02
  you're not relying on a bank, you're not relying on a
• 21:04
  government, you're not relying on on anything.
• 21:07
  This is called an American Silver Eagle getting a little
• 21:10
  toned, but nonetheless, you're not relying, right?
• 21:14
  If you owned, you thought you owned Berkshire Hathaway stock
• 21:18
  yesterday, guess what? There was a period of time where
• 21:20
  you lost all your value. Even Barrick, big gold mining
• 21:24
  company poof was gone for a little bit, right?
• 21:28
  But that just shows you right how poof this electronic stuff
• 21:32
  can have glitches, can have little problems, right?
• 21:35
  This if you got it in your hand, huh?
• 21:39
  This is from our friend Big Jim. These are really cool, right?
• 21:42
  That's a Scottsdale, I think, silver stacker, huh?
• 21:46
  Right. If you hold this in your hand,
• 21:48
  you're not relying on a Stock Exchange, you're not relying on
• 21:52
  a bank. So when I saw all that, there
• 21:54
  were a bunch of stocks, right? And don't forget, I'm sorry, I
• 21:59
  yelled. Done yelling.
• 22:00
  I'm done yelling at you. Basement wash.
• 22:02
  Don't forget something super interesting.
• 22:05
  This is crazy. There was a period of time
• 22:08
  yesterday morning when the value of GameStop OK was over $15
• 22:13
  billion. The value of one company,
• 22:15
  GameStop, I don't even know if they're open anymore, but
• 22:18
  nonetheless, $15 billion because it's a meme stock.
• 22:21
  And hello kitties is it's telling people to buy it.
• 22:24
  And that's great. I'm, you know, I love all that,
• 22:26
  the community stuff. That's wonderful.
• 22:28
  But the reality, guys, is GameStop was worth $15 billion.
• 22:33
  Do you know that that's as much or even more?
• 22:37
  There was a point yesterday morning when GameStop was worth
• 22:39
  more than all the silver mining companies in the world combined.
• 22:45
  That doesn't make sense, right? That does not make sense.
• 22:49
  And after what's going on this morning, I don't even want to
• 22:51
  look at my mining stock portfolio.
• 22:53
  Right. Gamestop's probably worth more.
• 22:55
  GameStop worth more than all this critical metal that's
• 22:59
  needed for everything. I mean, it's just absolutely.
• 23:03
  OK. So what happens when the West
• 23:06
  loses control of silver and gold?
• 23:10
  We looked it, right? Shanghai Silver's $5.00 an ounce
• 23:15
  more expensive than it is here on the COMEX.
• 23:17
  We're at 3:00 in the morning. Some real active traders, 3:00
• 23:22
  in the morning decided to push silver down by a dollar per oz.
• 23:25
  I digress. OK, what happens?
• 23:29
  This is what's going on in the world.
• 23:30
  It's India and China right now, guys.
• 23:33
  It's India and China driving the bus and we haven't really seen
• 23:38
  the Indian consumer jump on the silver bandwagon.
• 23:42
  We've not seen the Chinese consumer jump on the bandwagon.
• 23:45
  But this is astounding what's going on, the whole solar energy
• 23:50
  thing. And this is not a show about
• 23:52
  solar, but, but let's take a look at here.
• 23:57
  Here we go. It's unbelievable what is
• 24:02
  happening. A coal billionaire is building
• 24:05
  the world's biggest clean energy plant and it's five times the
• 24:09
  size of Paris. Look, when you look at a solar
• 24:14
  panel, whether it's one on your house, your neighbor's house,
• 24:17
  down the street, whatever. In India, each time you look at
• 24:21
  a solar panel, think of it like a little silver bar.
• 24:24
  I heard somebody say the other night that it's 20 grams roughly
• 24:28
  currently, so 2/3 of an ounce in each panel.
• 24:32
  I don't know, Correct me if I'm wrong on that one, but does this
• 24:36
  make sense? Look at this solar farm in
• 24:39
  India. OK, five times the size of
• 24:44
  Paris, visible from space. The world's biggest energy
• 24:49
  plant. Enough electricity to power
• 24:52
  Switzerland. The scale of the project,
• 24:55
  transforming swaths of barren salt desert on the edge of
• 24:58
  western India into one of the most important sources of clean
• 25:01
  energy anywhere on the planet is so overwhelming that the man in
• 25:07
  charge can't keep up. OK, he says.
• 25:10
  I can't even do the math anymore.
• 25:12
  Remember, when you're looking at that field of solar panels,
• 25:17
  you're looking at a field of silver bars.
• 25:19
  And guess what? Those silver bars are stuck in
• 25:24
  that field for probably what, fifteen, 2025 years?
• 25:30
  I mean, it's just absolutely astounding to think about and
• 25:35
  it's growing. And, and I and I want you.
• 25:37
  This is something, this is one of those aha moments.
• 25:42
  And I wish I could remember who taught me this, but it's an aha
• 25:45
  moment when it comes to solar. The difference with solar
• 25:48
  electricity is it's immediate. OK?
• 25:51
  As soon as it's installed, the one of the big benefits of
• 25:54
  solar, it's immediate. You, you put the panel, you hook
• 25:57
  up the wires, boom, bingo, bango, You got electricity.
• 26:01
  And the world needs electricity. OK.
• 26:03
  All right, let's move on. What about?
• 26:06
  OK, so we're talking about silver in demand.
• 26:08
  What about Mexico? What about Mexico?
• 26:11
  We know Mexico is the world's biggest producer of silver.
• 26:16
  Absolutely right. But we also know that the amount
• 26:20
  of silver being produced by Mexico is going down the tubes.
• 26:24
  And we get news yesterday they have a new president.
• 26:27
  And the reason why, look, the reason why silver production in
• 26:32
  Mexico is going down, gone down the tubes in the last number of
• 26:35
  years is because of AMLO, who's the it's the acronym for their
• 26:39
  president who's still in charge right now.
• 26:41
  AMLO was totally anti mining. Should it is called their antlow
• 26:45
  or him Antlow. Anti mining Silver produces the
• 26:50
  most. Mexico produces the most silver
• 26:53
  in the world. In this guy they're talking
• 26:56
  about outlawing open pit mining in Mexico.
• 26:59
  The amount of silver produced in Mexico, I think the number's
• 27:02
  down 28% over the last two years.
• 27:06
  Well they just had a presidential election and guess
• 27:09
  who got elected? Amlo's.
• 27:12
  Amlo's protege, it's not getting any better.
• 27:15
  What does that have to do with the with the silver and gold?
• 27:20
  Here we go with the silver in particular market.
• 27:23
  It has everything to do with the silver market because this new
• 27:27
  president Claudia Scheinbaum is also going to be anti mining.
• 27:33
  So if you're a miner in Mexico, this is not good news.
• 27:37
  If you are a investor and holder of silver, it is good news
• 27:44
  because it's going to constrict even further the amount of
• 27:48
  silver being produced. Guys, what does that mean when
• 27:51
  the world's biggest producer has gone down 28% in the last two
• 27:56
  years and that the the political environment there as of
• 27:59
  yesterday has been confirmed now as being difficult for mining?
• 28:04
  I mean, it doesn't bode well. It doesn't bode well for the
• 28:08
  future supplies of silver, OK, if their stock market, like,
• 28:14
  plummeted yesterday. Hours after declaring victory,
• 28:17
  Mexico's newly elected president and first woman faced a market
• 28:22
  meltdown and a tough path toward reconciling a country deeply
• 28:26
  divided by outgoing president. This is AMLO Andres Manuel Lopez
• 28:32
  Obrador. OK, Claudia Schambaum has
• 28:35
  promised to continue the political course set by her
• 28:39
  populist predecessor. Well, the general markets don't
• 28:42
  like it. And I can tell you the silver
• 28:45
  market definitely does not like what's going on in Mexico.
• 28:49
  This is it. This is big news for silver and
• 28:53
  Beth. And just at the time when you
• 28:55
  have India and China sucking it all in, I mean, the pricing
• 28:58
  power for silver is moving east. OK, let's talk about if you
• 29:05
  heard of this guy Luis Vincent, Louis Vincent Gabe.
• 29:10
  I listened to him yesterday on a podcast on a YouTube channel
• 29:15
  called Metals and Miners. I want to give credit to these
• 29:18
  guys. I've never heard of this guy
• 29:20
  Louis Louis Vincent Gabe. He had some crazy interesting
• 29:25
  things to say about gold and silver.
• 29:28
  I'm a run through these. Gold is a play on emerging
• 29:32
  markets where they don't trust their governments, interesting,
• 29:36
  or their currencies and are now even less likely.
• 29:40
  And some of this, I'm interjecting to trust the US
• 29:43
  dollar. So these emerging markets, the
• 29:46
  central banks, the people in the emerging markets are buying
• 29:49
  gold, buying silver, right? They don't trust, they don't
• 29:53
  trust each other. They don't trust the
• 29:55
  governments. That's a big play, OK, but but
• 29:58
  he also throws in this idea. It's also a call option on
• 30:03
  political chaos in the big on the big Western countries, OK,
• 30:07
  Physical demand. We don't talk about this.
• 30:09
  There's another place that there's huge physical demand for
• 30:12
  gold and silver that nobody talks about.
• 30:14
  Nobody talks about. Everybody talks about China,
• 30:17
  that me included. Everybody talks about India, me
• 30:20
  included. But the Middle East is having
• 30:22
  massive demand for the silver and gold bullion products as
• 30:28
  well. David Morgan, I'm going to throw
• 30:30
  in something that David Morgan said that if Chinese retail, if
• 30:34
  the Chinese retail market really catches on to silver, watch out,
• 30:39
  baby. We talked about that earlier.
• 30:41
  OK. And then on top of that, I'll
• 30:43
  throw in, so we got this situation where the only there,
• 30:49
  there's a four quadrant graph that I made for you and, and
• 30:52
  showed you guys a while back, four quadrants, right?
• 30:55
  You've got gold and silver on the physical and gold and silver
• 30:59
  mining stocks in the and, and then you got the, the West and
• 31:03
  you've got the Eastern countries.
• 31:04
  The only place that there's demand right now really for
• 31:09
  silver and gold is in the east on the eastern countries and
• 31:13
  mostly for in industrial, some investment demand.
• 31:17
  There is so much room for improvement.
• 31:20
  It's unbelievable. It's absolutely unbelievable.
• 31:24
  What about USA retail, right? I mean, we can only imagine as
• 31:28
  more people get rich, this is so critical.
• 31:31
  There's A and there's a statistic that's gonna blow your
• 31:34
  mind. This blew my mind when the guy
• 31:35
  said this. OK, and I believe it to be true.
• 31:39
  This guy was he's a top notch smart analyst, but this was
• 31:42
  unbelievable. That's all I have a quick sip of
• 31:44
  coffee. OK, the I can hardly hear you
• 31:53
  because the walkie-talkie batteries are dead.
• 31:55
  So if you could speak loudly down the steps, that would be
• 31:59
  great. Everybody say hi to Susie.
• 32:06
  She doesn't know that. We can't understand what she's
• 32:08
  saying. I need to put new batteries in
• 32:09
  that thing. Thank you.
• 32:10
  David Schleff. Okay, I'm going to very
• 32:14
  interesting point, David. I'm going to address that in a
• 32:17
  little bit. Thank you.
• 32:18
  And the other super chat as well, but there's some crazy
• 32:21
  data about what about the Eastern countries that it's it,
• 32:25
  it blew me away and it's going to blow you away too.
• 32:28
  Get ready to get blown away, right?
• 32:30
  It's not just the silver price getting blown away.
• 32:32
  We're going to blow our minds with this piece of data and I'm
• 32:35
  going to get to it in just one second.
• 32:37
  But as more people get rich in these Eastern countries, they
• 32:40
  buy more gold and they are getting richer, right?
• 32:45
  Just India and China combined, 2.8 billion people, OK.
• 32:50
  If we breakdown, if we have a breakdown in competence in the
• 32:54
  western world, the central banks and, and institutions, we could
• 32:58
  go parabolic. If we have a breakdown, right?
• 33:02
  Like the Federal Reserve or the, some of the Western
• 33:05
  institutions, he's saying we could go, 'cause we already the,
• 33:09
  the, the thing that's driving silver and gold now are these
• 33:12
  Eastern countries. If the Western countries have a
• 33:15
  breakdown of some type of crisis, right?
• 33:19
  And I think it's coming in the next six months, I could be dead
• 33:21
  wrong. Do not make any big decisions
• 33:24
  based on what I'm saying. But I got a feeling in the next
• 33:27
  six months, we're going to have some big events unfold in this
• 33:30
  country, big events, big, OK, Central banks are the only ones
• 33:35
  buying right now. OK, Precious metals are a play
• 33:38
  on emerging markets, OK, With a call option on chaos in the
• 33:44
  West, do you think we'll have chaos?
• 33:47
  I don't know. It'll be interesting.
• 33:48
  OK, gold, he said. This gold could easily double
• 33:52
  under the current circumstances in the next seven years and
• 33:56
  possibly go up even substantially more if the call
• 34:00
  option is activated right. Meaning when we if we have major
• 34:05
  chaos in the western world, is the stage set?
• 34:08
  I mean are the black are the black Hawks the black Swans
• 34:11
  circling? I'd say they are.
• 34:13
  Do you feel like it? The the black Swans are
• 34:16
  definitely now this is where the data gets crazy because remember
• 34:21
  all the demand right? Everything driving silver and
• 34:24
  gold. The main drivers right now are
• 34:26
  coming from the east. The top 10 fastest growing big
• 34:31
  cities in the world. Do you know where they are?
• 34:34
  Get ready. This isn't even the really one.
• 34:36
  This will blow you away, but then the next one will be like a
• 34:38
  tornado. The top ten fastest growing
• 34:41
  cities in the world, Three are in Africa.
• 34:45
  These are big cities. Three are in Africa, the other
• 34:48
  seven are in Asia. Those are places in the world
• 34:53
  that are anti, let's say W anti dollar, moving to gold and
• 34:59
  silver, The top ten biggest cities in the world, three in
• 35:02
  Africa, 7 in Asia. Now we have 120.
• 35:06
  This isn't the big one yet. We have 120 million people
• 35:10
  joining the global consumer class in the next three years.
• 35:16
  120 million people joining the middle class in the next three
• 35:20
  years. OK, 110 million of the 120
• 35:25
  million of them are in Asia. They're buying refrigerators,
• 35:29
  they're buying cars, they're buying televisions, they're
• 35:32
  buying cell phones. All of that has silver in it.
• 35:35
  OK, But on top of that, those people are also gaining
• 35:40
  disposable income. And how do they like to save?
• 35:43
  They buy gold, they buy silver. It's absolutely crazy.
• 35:47
  Now this, this is it. The moment you've been waiting
• 35:49
  for. This blew me away.
• 35:52
  When I heard this I had no idea this was the case 'cause
• 35:54
  remember Asia is where the silver and gold market is
• 36:00
  becoming more and more centered. Asia.
• 36:04
  Now listen to this one. If you go to Hong Kong on a map
• 36:10
  and draw a circle right that represents A5 hour flight.
• 36:14
  So you start in Hong Kong and you and you fly any direction in
• 36:19
  five hours, OK, you will run into over 1/2 of the world's
• 36:25
  population. That just shows you how many
• 36:28
  people live in that little area of Asia that's experiencing
• 36:33
  incredible growth, OK, in population, but experiencing
• 36:37
  incredible economic growth and and growing demand for silver
• 36:44
  and gold again, right. That just blew me away that if
• 36:47
  you, if you point to to Hong Kong on a map and then draw a
• 36:51
  circle that represents A5 hour flight inside that circle is
• 36:57
  over half of the world's population.
• 36:59
  I that is just absolutely crazy. Exponentially more people buying
• 37:05
  things like cars. By the way, do you know that
• 37:07
  China, this is interesting. He said this China and I've read
• 37:12
  this and we don't hear about it. It's been poo poo.
• 37:14
  This is kind of top secret and well, not top secret like I
• 37:17
  can't say it, but secret not not not not necessarily advertised
• 37:23
  in the Western media. China makes really good cars
• 37:28
  that they could sell in the United States that would cost
• 37:32
  $10,000 or less. I've heard that before like they
• 37:35
  make these electric cars even that are known for that are that
• 37:40
  are very good quality and could sell for like ten $15,000 a pop.
• 37:46
  Of course they won't let them into the United States.
• 37:48
  They slap massive tariffs on them, make it prohibitively
• 37:52
  difficult to sell them here. But think about this.
• 37:56
  China has no problem selling all these ten $15,000 electric cars
• 38:02
  all throughout Asia. And what's inside of each one of
• 38:05
  those electric cars, We've heard numbers like a kilogram of
• 38:09
  silver. Whatever it is, there's a lot of
• 38:11
  silver in electric car, a lot of copper in electric cars.
• 38:15
  That's why China is. And that's what this this.
• 38:18
  David, hold on a minute here. Luis Vincent.
• 38:23
  Gabe. OK.
• 38:25
  That's what he said. He's like, people are like, why
• 38:27
  is China? Why is China buying up all the
• 38:29
  world's copper? Why is China buying up all the
• 38:31
  world's silver? Because they know that within
• 38:34
  their neighbors that they cooperate, there's gonna be
• 38:37
  massive demand for products that are gonna require massive
• 38:42
  amounts of copper, massive amounts of silver.
• 38:45
  Does it start to make a little sense now?
• 38:48
  And the United States can't, can't, can't interfere with
• 38:52
  that. So very interesting.
• 38:55
  Demand from emerging markets for anything real, for metals will
• 39:00
  continue to skyrocket. That's why.
• 39:02
  That's why China's buying everything.
• 39:04
  We had a great question. Let's go back here.
• 39:07
  Hello, Metal Sear. Thank you for the Super chat, my
• 39:10
  friend. Yeah.
• 39:11
  Roaring Kitty. That's right.
• 39:12
  I think I said something else. Roaring Kitty is the guy.
• 39:16
  And that's where the silver squeeze was born out of.
• 39:19
  Remember the silver squeeze back in 2021, February, I believe,
• 39:23
  2021? It was born out of the Wall
• 39:27
  Street silver movement. OK.
• 39:30
  Are they trying to knock us down again?
• 39:31
  Thank you, metal sear. OK.
• 39:33
  David Sherez says. Anyone else think that JP Morgan
• 39:36
  and friends reached an agreement with XI?
• 39:39
  That's the President of China on silver price to exit their
• 39:43
  shorts and that's why we have this pause in price rise.
• 39:47
  So what David's talking about, two interesting things have
• 39:51
  happened with China, the Shanghai Gold Exchange and the
• 39:54
  Shanghai Futures Exchange, right?
• 39:56
  We looked at that earlier where the price is silver, $5.00 an
• 40:00
  ounce higher than where it is right here.
• 40:02
  We had, we had, we had executives from four of the
• 40:06
  world's biggest bullion banks in the last like 6-7 weeks.
• 40:11
  Go to Shanghai and have visits at the Shanghai Gold Exchange.
• 40:15
  And the Shanghai Gold Exchange was, was, was like touting this
• 40:18
  like, look, they're all coming to see us.
• 40:20
  They're all coming over to and everybody's like, why all of a
• 40:23
  sudden are they sending all these people?
• 40:25
  And on top of that, we had Jamie Dimon, the outgoing CEO of JP
• 40:31
  Morgan, arguably, probably in the West, in the West, right,
• 40:36
  'cause things are changing. But in the West, the most, one
• 40:39
  of the most powerful people, powerful company, countries,
• 40:42
  companies, companies, country, company.
• 40:45
  JP and Morgan's almost like a country at this point.
• 40:47
  None the less, I digress. One of the most powerful
• 40:50
  companies that manipulates and has been, has been convicted and
• 40:56
  proven to manipulate the metals price.
• 40:58
  Jamie Dimon made a special trip to China after he announced that
• 41:02
  he was retiring. So what David's saying is, do
• 41:05
  you think maybe he went over there and made a deal with G
• 41:08
  like, hey, we want to get out of our these massive short
• 41:11
  positions. We have nothing.
• 41:14
  Of course they would never disclose that, David, Right.
• 41:18
  But nothing is out of the realm of possibilities.
• 41:22
  OK, great point. Thank you for that super chat.
• 41:25
  Let's, I want to, I want to say thank you also to channel
• 41:29
  sponsor First Mining Gold. You can learn more about them at
• 41:33
  firstmininggold.com. They've got a lot of gold in the
• 41:36
  ground in Canada, 2 multi million ounce projects and a
• 41:39
  host of other projects. If you want gold in the ground
• 41:43
  development stage, they're working on getting permits.
• 41:46
  You can learn more at their website and our friends at
• 41:49
  Fortuna Silver, Silver and Gold Mining Company newest mine, the
• 41:55
  Seguela mine in Cote d'Ivoire. That's the Ivory Coast in West
• 41:59
  Africa has been doing very well as of our last reports,
• 42:03
  performing above nameplate capacity and look, you know, in
• 42:08
  this environment, let's go out and take a look.
• 42:10
  Let's go to pin backs and take a look at this at the at the let's
• 42:14
  see how bad it is. Oh Lord, please dollar nineteen.
• 42:19
  OK, gold, excuse me, gold is still $2300 per oz.
• 42:27
  Let's go, let's go. So at this level, let me let me
• 42:31
  finish my thought. A company like Fortuna, who's
• 42:35
  mining gold at at you know, at A at an all in sustaining cost of
• 42:40
  I think around 14 or $1500 is making a lot of cash flow.
• 42:45
  No doubt about it. All the big gold mining
• 42:47
  companies are making a lot of cash flow.
• 42:49
  Most of them are right now silver.
• 42:52
  OK, look, I know that's sad, right?
• 42:55
  But remember, if you're looking to buy some silver, you buy it
• 42:58
  today, you're getting a, you're getting a sale, bargain basement
• 43:01
  price compared to yesterday, but we're still 2956 per oz.
• 43:06
  Let's just, well, for fun here, we're already at silver.
• 43:10
  Let's not forget guys, right? October of last year, that's
• 43:15
  only seven months ago, we were silver hit a low of $20.76.
• 43:21
  OK, look at that low $20.78, seventy six cents.
• 43:27
  All right, look where we are today.
• 43:29
  OK, seven months later, $30. I know today's no fun, right?
• 43:34
  Today's painful. Let's take a look at gold.
• 43:38
  We haven't done that for a while and kind of see Boo.
• 43:43
  OK, $29.60 Anyway, I digress. Gold.
• 43:48
  Let's take a look at this gold price 252.
• 43:54
  OK, thank you, Susie. Sorry the walkies, my batteries
• 43:57
  are dead. Let's just look back a year on
• 44:00
  gold. One year, OK?
• 44:02
  Back in October, guys, we were at $1800 gold, probably about
• 44:06
  the same time we were at $21.00 silver.
• 44:09
  October 2nd, $1800 gold. Today, right now we're at 2300.
• 44:16
  That's $500. That's a big, big move.
• 44:19
  So I know and trust me, I understand, man.
• 44:22
  I was laying in bed this morning.
• 44:24
  I get up. Does anybody else wake up at
• 44:26
  4:00 in the morning? I've been waking up at 4:00 in
• 44:28
  the morning. I'm going to start doing these
• 44:30
  live streams at like 5:00 AM anyway.
• 44:33
  And I was going through a couple emails, whatever, and I always
• 44:36
  check the gold and silver price and I thought I'll go check
• 44:38
  silver, see what it is. And I'm like what down a dollar
• 44:42
  six? I mean, I get it right that
• 44:45
  mean, but but the critical thing for us to remember that silver
• 44:50
  and gold investors, number one, we just looked at where have we
• 44:53
  come from, right. Where did where were we in
• 44:55
  October of last year? Eighteen $1900.00 an ounce in
• 44:59
  gold, $21.00 and silver. So we have done well.
• 45:03
  We've come a long, long way. The other thing that we need to
• 45:08
  remember is, and I get it, it stinks.
• 45:11
  I don't like days like today, but if we're going to have big
• 45:14
  moves up, there's going to be big moves down.
• 45:17
  The critical thing is that the overall trend remains to the
• 45:21
  upside. And for right now, we can say
• 45:25
  that, you know, with $29.50 silver, 28.2850 silver, we can.
• 45:31
  I can still feel OK about that. I'm getting a little nervous
• 45:35
  with our friend silver. I'll be honest with you.
• 45:36
  But I said it all. I said it a week ago, said it on
• 45:40
  Sunday that I thought this could be, if there was going to be a
• 45:43
  week where they were going to bash us down, this would be the
• 45:46
  one, OK. And even though I'm like, well,
• 45:48
  it would be OK, it still is no fun when it happens.
• 45:51
  So you're not alone, right? Remember that we aren't alone.
• 45:55
  We're a group of people that have a shared common interest
• 45:59
  and I think generally belief and understanding of what's going on
• 46:04
  in the world and why we want to protect ourselves with with
• 46:08
  things like silver and gold. So I want to say thank you for
• 46:11
  being here today. Thank you for your ongoing
• 46:13
  support. I hope you have a great day and
• 46:16
  I'll look forward to seeing you next time.
• 46:18
  Don't forget, right, if you want to get your hands on some some
• 46:21
  medals, go to Pinbex at Pi MB E x.com.
• 46:25
  Have a great day. I'll see you soon.