Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡THIS Is Shocking!⚡- Silver, Gold and Precious Metals Prices... Bitcoin?

Transcript

⚡THIS Is Shocking!⚡- Silver, Gold and Precious Metals Prices... Bitcoin? · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Silver and gold investors, are you annoyed?
• 0:04
  Bitcoin hits over $100,000 per Bitcoin.
• 0:09
  Why can't gold and silver hit $100,000?
• 0:12
  If you are annoyed, and I'll ask you that question, we're going
• 0:16
  to talk about some reasons why from a big picture perspective,
• 0:20
  silver and gold still prevail. Silver and gold will be the
• 0:26
  winner at the end of the race. Also, we're going to talk about
• 0:30
  about new legislation in a state near you which would eliminate
• 0:37
  the need or the ability of the federal government to implement
• 0:40
  a CBDC. And there's even more stunning
• 0:43
  information because this is legal tender legislation that is
• 0:47
  being considered right now. And there's another factor to it
• 0:51
  that is just absolutely astounding.
• 0:53
  But let's get to the big story of the day, guys.
• 0:55
  And are you annoyed? I'll ask you that question.
• 0:58
  I am. I'm a little annoyed.
• 1:00
  I'm a little sick of hearing about Bitcoin.
• 1:02
  OK, here, let me give you an example right now.
• 1:05
  And let's see what Jerome Powell had to say about Bitcoin and
• 1:09
  gold, which I think we'll all find very, very interesting that
• 1:14
  just go out to Google, type into Google News Bitcoin.
• 1:17
  You get it's just overwhelming the amount of press coverage
• 1:22
  that's received by Bitcoin. But let's go to this.
• 1:24
  This article popped up about we got to look at this one, what
• 1:28
  Fed Chief Powell said about crypto that may have aided
• 1:32
  bitcoins rally to $100,000 Bitcoins Media meteoric ride,
• 1:37
  meteoric run may have gotten a little extra push from an
• 1:41
  unlikely source, Jerome Powell. It's not a competitor for the
• 1:47
  dollar, it's really a competitor for gold, the central bank
• 1:52
  leader said at the New York Times Deal Book Summit.
• 1:55
  So we've got Jerome Powell now saying and comparing Bitcoin to
• 2:00
  gold. Let me bring up a very important
• 2:03
  point about Bitcoin and gold, guys.
• 2:06
  The market cap of gold is like 9-8 or nine times bigger than
• 2:11
  that of Bitcoin. Does it make you a little
• 2:13
  suspicious that it's all they're talking about in the mainstream
• 2:17
  media? Turn on CNNRCBCNBC or one of the
• 2:21
  business news channels, All right, All they all they have on
• 2:25
  the screen the entire time. There's almost always a quote
• 2:29
  for the Bitcoin price, gold and silver.
• 2:32
  It pops up like once every minute.
• 2:34
  You got to really be watching for it if you want to see gold
• 2:37
  and silver, Bitcoin and crypto are being pumped by the
• 2:41
  mainstream media, right? They're being pumped all over,
• 2:45
  right? And this is this is I'll just
• 2:47
  say it okay. To me it almost seems more like
• 2:51
  digital tulips, right? Remember the Tulip bulb craze?
• 2:55
  Then it does like gold. Jerome Powell saying it's like
• 2:58
  gold. Do you think it's like gold?
• 2:59
  No, I think there's a big differentiator in my mind.
• 3:03
  And look, I'm entitled to my opinion.
• 3:05
  So are you. I'm not anti Bitcoin.
• 3:07
  Don't get, don't throw, don't throw tulips at me or anything.
• 3:11
  But to me, when I look at Bitcoin and there's even Jerome
• 3:15
  Powell is comparing it to gold, right?
• 3:17
  They're pumping it. OK.
• 3:19
  I think in reality bitcoins closer to the the tulips or
• 3:23
  whatever, right? You know you can't, there's a
• 3:27
  limited number of Tulip bulbs in the world.
• 3:30
  You can't Sure, you can grow them.
• 3:31
  You can make more just like you can mine bitcoins.
• 3:34
  And I know the number of bitcoins is limited at 21
• 3:37
  million or whatever the heck it is.
• 3:39
  But none the less, in my mind, there's a big difference between
• 3:44
  gold and Bitcoin. And there's such a craze going
• 3:48
  on. I mean, it's been taken over by
• 3:50
  the main stream media, it's been taken over by the mainstream
• 3:55
  financial services companies. The big financial service
• 3:59
  industry is embracing it at this point.
• 4:01
  But remember they also embraced mortgage-backed securities,
• 4:05
  which caused the great financial crisis.
• 4:08
  OK, and what about this? What about when gold and silver
• 4:11
  are when gold? Not silver yet, but when gold
• 4:15
  hit an all time high just a few months ago, there was crickets.
• 4:21
  It was the exact opposite. There was no attention being
• 4:25
  paid to gold when it hit new all time highs.
• 4:28
  Bitcoin goes to $100,000. And it's like the world is, you
• 4:32
  know, erupting with media coverage.
• 4:35
  I'm telling you, there's something behind this.
• 4:38
  There's something major behind this because don't forget,
• 4:41
  right, the world central banks. I've yet to hear of any major
• 4:45
  world central bank who's investing in in Bitcoin as a
• 4:49
  reserve asset. And we know what does that tell
• 4:52
  us that the world central banks are buying gold and we know that
• 4:56
  the Russians are actually buying themselves a little silver right
• 4:59
  now as well. Hey, I forgot to tell you the
• 5:00
  most important thing. Thank you.
• 5:02
  Yes, you. Thank you for being here.
• 5:04
  Thanks for being part of the basement.
• 5:06
  It's a big deal when you show up.
• 5:08
  It's a big deal that you're here, you're smart.
• 5:10
  We're a group of people. We get together most every day.
• 5:13
  We love to talk about gold and silver basement dwellers.
• 5:16
  We're like a tribe. Whatever you want to call us,
• 5:19
  we're a group. You're always welcome here.
• 5:21
  Please subscribe to the channel. Give the video a thumbs up.
• 5:24
  Super chat. Super thanks are never expected.
• 5:27
  Always super appreciated on that Mark, I owe a big apology.
• 5:30
  I missed a super chat at the end of the live stream yesterday.
• 5:34
  I apologize. And I spent the half hour trying
• 5:37
  to find a way to find the person and and I couldn't figure it
• 5:41
  out. Then I forgot to wrote write the
• 5:42
  name down. It was a woman.
• 5:44
  Thank you for the Super chat, Brent, not Brenda, but I do want
• 5:47
  to say hi to Brenda. Shout out to Brenda because
• 5:49
  that's separate. One of our basement welders
• 5:51
  requested I shout out Brenda. Thank you, Brenda for being
• 5:55
  here. OK, let's go look at this.
• 5:57
  This is some interesting information.
• 5:59
  Then we're going to get into this big news out of Missouri
• 6:04
  about legal tender legislation but also a ban on CBDC's.
• 6:11
  Let's go check this out. This is an interesting tweet
• 6:14
  from Darth Powell said that Bitcoin is centrally controlled
• 6:18
  manipulation Ponzi scheme. That's his opinion, he's
• 6:21
  entitled to it. 1.94% of the total Bitcoin addresses hold
• 6:28
  almost 93% of the Bitcoin. So people say, oh, it's the,
• 6:34
  it's the money for the people, it's the whatever.
• 6:37
  Well, 2% of the addresses control 93% of it right now.
• 6:42
  I'm telling you guys, I'm suspicious, OK, but let's focus
• 6:46
  in on silver and gold. How about $22,000 gold?
• 6:50
  Is that what you want to hear this morning?
• 6:52
  We're going to talk about that next.
• 6:54
  I doubt that it's hit that level right now.
• 6:56
  We're going to run out the channel sponsor Pinbecks and get
• 6:59
  an update here. They made me restart my
• 7:01
  computer. So sorry, things are a little
• 7:03
  clunky this morning. Let's get an update.
• 7:06
  These are yesterday's prices. Let's get an updated price on
• 7:10
  gold and silver. We got some red.
• 7:13
  Gold is at 2640 dollars. Silver down 11 cents, $31.21.
• 7:19
  Thank you guys. I want to tell you about PMBEX
• 7:22
  online bullion dealer, what they can do for you and I'll tell you
• 7:26
  what they're doing for you right now.
• 7:28
  They sponsor the channel, they make this live stream, they make
• 7:31
  this channel possible, number one, but on top of that, what
• 7:35
  they can do is provide you with gold, silver, platinum group
• 7:38
  metals. You can buy it online here at
• 7:41
  their website. It's quick, it's easy, it's
• 7:43
  secure. OK, I was a customer of PMBEX
• 7:47
  before they sponsored the channel.
• 7:50
  But what's the the best part? The best part about it is I've
• 7:53
  received overwhelmingly positive feedback from our community
• 7:57
  because they provide ultra competitive prices.
• 8:01
  They've got a great selection and it's like a one stop shop,
• 8:04
  right? It's a company you know you can
• 8:06
  trust. So please consider Pinbacks next
• 8:08
  time you are looking to buy some bullion.
• 8:11
  And we're going to go back to that silver price.
• 8:14
  We just looked at $31.21. Is that what we said?
• 8:18
  I've got some news for you on that as well, but big warning,
• 8:21
  please, if you ever decide to convert all or part of an
• 8:24
  individual retirement account and IRAI don't give financial
• 8:28
  advice, but if you ever decide to convert 1 into precious
• 8:31
  metals, take your time. Talk to a lot of people.
• 8:35
  You may want to consider. I believe you would benefit from
• 8:38
  talking to the guys at pmbex. OK, you want to compare, take
• 8:42
  your time and at the end of the day, compare how many actual
• 8:45
  ounces of gold and silver any of the options that you have are
• 8:49
  actually going to provide for you, okay?
• 8:51
  Please be careful. Take your time if you ever
• 8:54
  decide to do that. Okay, let's go to this.
• 8:57
  Let's look at this morning. I know, right?
• 9:00
  We all wish we had thousands and millions of bitcoins, but we
• 9:04
  have silver and I want to show you something on this chart.
• 9:07
  This is a one year chart of silver.
• 9:10
  What do you notice when you look at this chart?
• 9:12
  So one year price chart of of silver.
• 9:15
  The green shaded area, the green line is the price right month by
• 9:18
  month over the last year. You see the months listed at the
• 9:21
  bottom, sure, you see that it's on a big upward sloping trend.
• 9:27
  But guys, when we look at the silver price, we got to realize
• 9:31
  this is so critical a year ago, right now, a year ago right now,
• 9:36
  this is where we were. This was our price, OK, $22.50.
• 9:44
  That's in the futures market, right?
• 9:46
  This is the March contract. But none the less, currently in
• 9:49
  the futures market we're $31.83. We're up almost $10 per oz,
• 9:57
  probably 4045% in the silver price, right?
• 10:02
  We talked about this yesterday, but we'll draw this line again.
• 10:06
  Can you see the upward sloping price trend in silver?
• 10:11
  I think we're in for a great year in 2025.
• 10:15
  It's going to be very, very interesting.
• 10:17
  But let's also look at, let's look at history.
• 10:19
  Let's talk about 22. Hold on, we're having some
• 10:24
  technical difficulties, $22,000 gold $22,000 gold, right?
• 10:31
  Crazy, right? I know, absolute crazy talk.
• 10:33
  Even though during the 1970s, gold went up 24X24 times, right?
• 10:40
  Which would be, I don't know, 64,000 or something like that.
• 10:43
  Gold, $22,000 gold in it. Let's go to this very
• 10:47
  interesting piece of brief analysis that shows us how this
• 10:53
  came from the Gold Silver HQ. They say a case for $45,000 gold
• 11:00
  as stocks crash and gold rises, The Dow to gold ratio that that
• 11:06
  that measures right? The Dow Jones Industrial
• 11:09
  Average, which right now is about what, 45,000?
• 11:12
  It's a ratio. So you divide the Dow 45,000 by
• 11:16
  the gold price. OK, that will collapse.
• 11:19
  How far will it fall this time? If the Dow falls by 50%, OK down
• 11:26
  to about 22,000, then gold would be.
• 11:29
  And if it went to a one to one ratio, which it has done in the
• 11:33
  past several times, we would have $22,000 gold.
• 11:37
  If we went to a Dow to gold ratio of two to one at a 22,022
• 11:43
  thousand Dow, we'd be at 11,000. And if it went to Dow to gold of
• 11:48
  1:00 to 2:00, we'd be at 45 forty, 4700.
• 11:53
  OK, here, look right back in 1980, we went to one to one, OK,
• 11:59
  That again, if the Dow dropped by half and we went to the same
• 12:04
  ratio that wasn't that long ago, we would have $22,000 gold.
• 12:08
  There's 2 to one. What were we at?
• 12:10
  Where were we at a 2 to one, two to one?
• 12:12
  At a $22,000 Dow, we'd be at $11,000 gold.
• 12:16
  And the two to one happened in during the Great Depression.
• 12:22
  So do you think we could have another Great Depression?
• 12:25
  Do you think we could have, do you think we could have $22,000
• 12:30
  gold? I do.
• 12:31
  I absolutely do. Do I think it's going to happen
• 12:34
  tomorrow, the next day? No.
• 12:35
  Am I very optimistic about it occurring at some point during
• 12:39
  my lifetime? Absolutely, without a doubt.
• 12:43
  OK, jobs number. Big warning, warning, warning.
• 12:47
  Tomorrow. Tomorrow could be ugly.
• 12:50
  I don't want to be a pessimist. Tomorrow could be a difficult
• 12:52
  day for the silver and gold price.
• 12:54
  It could also be a very glorious day for the silver and gold
• 12:59
  price. Not that we would allow
• 13:02
  movements in the silver, gold price to affect our moods or
• 13:05
  anything now would we? But why?
• 13:07
  Why is tomorrow a big day? Tomorrow is the big jobs number
• 13:11
  coming out OK from the Bureau of Labor and Statistics?
• 13:15
  That number could be anything at this point.
• 13:18
  I mean, absolutely anything. Everybody knows it's it's the
• 13:23
  big joke on Wall Street, right? But at the same time, people pay
• 13:28
  attention to it and the the level of attention that's being
• 13:33
  paid to this number is a little bit dialed up right now because
• 13:37
  the level of attention that's being paid to the Fed is also
• 13:40
  dialed up. So we'll get that number
• 13:42
  tomorrow morning. That will have a big impact on
• 13:44
  the markets. That will have a big impact on
• 13:47
  the precious metals prices as well, because it will have a big
• 13:51
  impact on this. OK, we're going to the CME
• 13:55
  Group, the Chicago Mercantile Exchange, Fed watch everything
• 14:01
  is reloading this morning. Sorry for the delay, OK, because
• 14:05
  in 13 days exactly so that'll be Wednesday of next week.
• 14:10
  We will hear from Jerome Powell in the Federal Reserve.
• 14:13
  This Fed meeting I think will be much have much more of an impact
• 14:18
  on the silver and gold price because people are searching for
• 14:21
  direction. There's a lot of uncertainty out
• 14:24
  there in the market right now. We know the Jerome and the Fed
• 14:27
  is basically up a Creek without a paddle as we as we head into
• 14:32
  the coming years. But we are going to have these
• 14:35
  brief periods of time where their sway, their influence on
• 14:39
  the general markets and in particular what we like to
• 14:42
  watch, the silver and gold market, their influence will be
• 14:45
  a bit elevated. And as we see here, the odds of
• 14:49
  a rate cut have actually dropped a bit from yesterday.
• 14:51
  Now we're down to 68%. Yesterday this was 7475%.
• 14:57
  So the markets are now pricing in a slightly lower chance that
• 15:00
  we're going to have a Fed rate cut on December 18th, which will
• 15:03
  be the next time that we hear from Jerome Powell in the
• 15:06
  Federal Reserve. But we know that in the long
• 15:09
  run, the Fed is to watch my language. the Fed is in a very
• 15:15
  difficult situation. the Fed will be faced with no option but
• 15:19
  to print. We can't deal with this guys
• 15:22
  without printing money. And I'm not in.
• 15:25
  Not a political statement, but Donald J Trump is not going to
• 15:30
  be able to fix this. OK?
• 15:33
  Donald J Trump will likely make this skyrocket.
• 15:37
  That's been our experience. That's what he's done as a
• 15:40
  businessman. That's what he's done as a
• 15:43
  president during his last term. Again, not a political
• 15:47
  statement, OK. But when this goes up, OK, all
• 15:50
  that means we can get, I can go into all kinds of fancy
• 15:53
  calculations for you. But is the US national debt
• 15:56
  continues. I mean, we just rolled over to
• 15:58
  36 trillion, what, a week and a half ago?
• 16:01
  We're already at 36 trillion, 135 billion.
• 16:05
  The only, the only, the only I could explain it to you in 10
• 16:10
  different ways and the end result is the same.
• 16:13
  I'll save you that. The end result is they have to
• 16:16
  devalue the dollar. That will create big inflation
• 16:21
  that will be a major, major source of support for the gold
• 16:26
  and silver price as we head into the coming months, quarters and
• 16:30
  years and decades. Let's just go check.
• 16:34
  Oh boy, it's getting interested. Did that go down a little bit?
• 16:37
  The dollar to silver ratio only at about 1008 85 yes, meaning
• 16:43
  that your government, I think the M2 money supply is the M2
• 16:47
  money supply shrinking. This is interesting.
• 16:53
  No, it's not shrinking there. It is right there in the M2
• 16:57
  money supply measures the amount of like basically liquid money
• 17:03
  in the economy being created. So our government is printing,
• 17:06
  creating via the M2 money supply $1085 for each one ounce of
• 17:12
  silver that the world is creating right now.
• 17:15
  Thank you guys for being here. So the big job numbers tomorrow,
• 17:19
  we'll be covering that. It'll be interesting.
• 17:22
  Who knows, right? Could you see?
• 17:24
  Could you imagine? Like we know we, we, we believe
• 17:26
  everything that our president, Joe Biden tells us because he's
• 17:30
  proven us, especially recently that when he says something, his
• 17:33
  word is solid as gold. That's a bad analogy.
• 17:38
  But nonetheless would I mean, we would never suspect that they
• 17:41
  would do some funny business with those jobs numbers
• 17:44
  tomorrow. I think it's a why I've all I've
• 17:47
  come on here and made predictions about the job
• 17:49
  numbers. I think it's a wild card what
• 17:52
  we're going to get tomorrow from the Bureau of Labor and
• 17:55
  Statistics. But it buckle up, buttercup,
• 17:58
  because tomorrow, tomorrow's I think going to be a manic day,
• 18:02
  could either be a great positive day for the gold and silver
• 18:05
  price or it could be Poopsville for the silver and gold price.
• 18:10
  So just be prepared, be ready. It's coming.
• 18:14
  What about what about, you know, South Korea declared martial law
• 18:18
  for six hours or whatever the other day, Bizarro scary
• 18:22
  situation that developed. But what did they say?
• 18:25
  What did their, their, their, their Monetary Authority say?
• 18:29
  That means everything to the price of gold and silver for
• 18:32
  Americans? Because America will wind up
• 18:34
  doing the same exact thing. We will have more.
• 18:38
  One thing we know for sure. And look, I'm not saying it's
• 18:40
  going to happen tomorrow, but we will have more financial crisis
• 18:45
  in this country. It's we looked at the debt.
• 18:48
  I'm not going to take you back to the debt clock, but you
• 18:51
  envision 36 trillion in debt growing.
• 18:54
  We have a, we have a very delicate scary financial
• 18:57
  situation in this country. We know if we just look at
• 19:01
  history, these crisis occur, we will have it again.
• 19:04
  And what will they do? Let's go to the South Koreans
• 19:08
  and see what they're doing in their time of crisis, which will
• 19:11
  give us a big clue as to what we can expect when when these types
• 19:16
  of situations unfold here in the United States.
• 19:23
  And where was it? Uh oh, hold on, hold on.
• 19:30
  Wait. Here we go.
• 19:33
  Sorry about that, guys. From metals and miners, Let me
• 19:36
  make sure I have you on the right sheet, which I do.
• 19:39
  Yes. OK.
• 19:41
  From metals and miners, South Korea pledges unlimited
• 19:46
  liquidity unlimited liquidity to stabilize markets.
• 19:52
  There's a big reason why that's that phrase is critical and what
• 19:56
  it means to you and your your investments in silver and gold.
• 20:00
  Let me just read this and then we'll then we'll get to the
• 20:03
  reasons why. South Korea's finance ministry
• 20:05
  said on Wednesday it is ready to deploy unlimited liquidity into
• 20:09
  financial markets if needed, after President Yunsuk Yo lifted
• 20:13
  a Marshall Law declaration he imposed overnight that pushed
• 20:17
  the one to multi year. Close Quote All financial
• 20:21
  foreign exchange markets as well as the stock markets will
• 20:25
  operate normally, the government said in a statement.
• 20:28
  We will inject unlimited liquidity into stocks, bonds,
• 20:34
  short term money market as well as forex markets for the time
• 20:38
  being until they are formally fully normalized.
• 20:42
  Okay, unlimited into the stock market into the.
• 20:46
  Does that sound familiar? Come into a theater near you in
• 20:52
  the United States of America, right.
• 20:55
  Unlimited liquidity. We know the Fed has done that
• 20:58
  before. They did it during the great
• 20:59
  financial crisis. They did it during the C19
• 21:02
  crisis. They're going to do it again
• 21:04
  because when they kicked those cans down the road, guys, it
• 21:08
  just, it just exacerbated the situation that we have in the
• 21:12
  United States. That's all that the central
• 21:15
  bankers can do. That's their only tool they
• 21:19
  have. That's the reality.
• 21:21
  And they'll call it all different names, right?
• 21:24
  Kiwi, whatever. the Fed came up with it, and the next one will
• 21:28
  have a different name. But at the end of the day, it's
• 21:31
  going to be printing money, right?
• 21:33
  They'll be devaluing the dollar. It's the only thing they do.
• 21:36
  It's their only playbook. That's the way it works.
• 21:40
  What about Missouri? This is astounding.
• 21:44
  I'm I'm broadcasting to you from the state of Missouri, but
• 21:46
  Missouri has gold and silver legal tender legislation again
• 21:50
  this year. There's two interesting new
• 21:53
  things that are components of this something to do with anti
• 21:56
  CBDC is written into this legislation.
• 22:00
  But I think the coolest part is that it would require the
• 22:04
  Missouri, the Missouri State treasurer to hold some gold and
• 22:09
  silver. Let's investigate this because
• 22:11
  it is fascinating and it is coming to a theater near you if
• 22:15
  you live in the United States, cause Missouri, you know, we're
• 22:17
  the, we're in the center of the country.
• 22:19
  We do have two Federal Reserve banks in Missouri, one in Saint
• 22:23
  Louis, one in Kansas City, which is very unusual here.
• 22:27
  We go from Zero Hedge, but many places are covering this.
• 22:31
  Missouri bill would ban CBD CS, ban CBD CS, and make gold and
• 22:37
  silver legal tender legislation OK.
• 22:41
  Attempts continue in the US state of Missouri to prohibit
• 22:44
  the potential use of central bank digital currencies.
• 22:49
  Look at that, that's a Missouri Rd.
• 22:51
  I think I've driven down that one anyway.
• 22:53
  Anyhow, the state has seen several bills this year to stave
• 22:56
  off digital currency which does not current currently exist in
• 23:00
  the United States. Rick Bratton pre filed SB194
• 23:06
  introduces changes the state law that would prohibit public
• 23:10
  entities from accepting ACBDC or participating in any testing of
• 23:16
  CBDCBDCS. It also changes the definition
• 23:20
  of money in the state's Uniform Commercial Code to exclude
• 23:24
  CBDC's. OK, now in addition to this is
• 23:29
  where the gold and silver stuff comes on.
• 23:31
  This is crazy guy. Guys, let me highlight this.
• 23:34
  This needs to be highlighted. This is glorious.
• 23:37
  I'm proud of the state of Missouri for taking this step.
• 23:41
  In addition to the provisions on the CBDC's, the bill would
• 23:48
  require the state treasurer to keep at least 1% of the state
• 23:54
  funds in gold and silver. It would also exempt.
• 23:59
  OK, well let's back up 1%, which is you'd say that's not a lot.
• 24:03
  Well, the state of Missouri is a lot bigger than many of you may,
• 24:07
  may believe, right? Two big cities, Saint Louis,
• 24:10
  Kansas City, two Federal Reserve banks.
• 24:13
  If we get the treasurer of the state of Missouri under law
• 24:17
  required to keep gold and silver in the treasury, that is a
• 24:23
  major, major news story #1 but also a major step right towards
• 24:30
  the re recognition of gold and silver is real money, right?
• 24:34
  And that's what this type of legislation is doing.
• 24:36
  It's not just Missouri. You know, there's been a wave of
• 24:39
  legislation, A Pat Holland from Missouri Freedom Initiative
• 24:43
  works mostly in Missouri, but you also have the Citizens for
• 24:46
  Sound Money, Daniel Diaz working on a more national basis.
• 24:50
  There's a host of states which have already passed legal tender
• 24:54
  legislation. And as we move into 2025,
• 24:59
  there's going to be more and more states fighting for it as
• 25:02
  well. I'm hearing rumors about
• 25:04
  Indiana, all a bunch of different states.
• 25:08
  The the list is growing. I think you can go to citizens
• 25:11
  for sound money and check out their website.
• 25:13
  They've got like a, a, a state by state list and where things
• 25:16
  stand. But guys, this is big news.
• 25:19
  Let's get back to that article. If we got a few more points we
• 25:22
  want to cover, it's a massive OK, here we go.
• 25:26
  Let's read this. The Act declares that gold and
• 25:31
  silver shall be accepted as legal tender at their spot price
• 25:36
  plus market premium in the state of Missouri.
• 25:40
  Cost incurred in the course of verification of the weight and
• 25:43
  purity of any silver. Gold shall be borne by the
• 25:47
  receiving entity, Matt and OK. So welcome to Missouri, where
• 25:52
  we're going to go back on to the gold standard and silver
• 25:54
  standard. I'm ready, baby.
• 25:56
  The bill's provision on CBDC are similar or identical to those
• 26:00
  other bills introduced in Missouri earlier this year.
• 26:04
  OK. And there's Rick Bratton.
• 26:06
  He's the guy. Apparently better coverage than
• 26:09
  Verizon. Can you hear us?
• 26:12
  Now? That's pretty cool shirt.
• 26:14
  I never saw that. Huh.
• 26:16
  Interesting. Not a political statement.
• 26:20
  It would all this would this would make changes to the
• 26:23
  Uniform Commercial Code. I believe it may have.
• 26:27
  It passed the House vote. Here we go.
• 26:30
  So it's already passed the House vote and has been forwarded to
• 26:33
  the state Senate. OK, there's a separate bill
• 26:36
  about CBDC alone. Anyhow, why is this important to
• 26:40
  you? Because guys, if you live in the
• 26:42
  United States and if you don't live in the United States,
• 26:45
  there's a big reason why this is important to you.
• 26:47
  But if you live in the United States, this is the Domino's.
• 26:52
  The gold and silver Domino's are falling 1 by 1 by 1.
• 26:58
  We already have a host of states in the United States that right
• 27:03
  now have gold and silver legal 10 legislation.
• 27:07
  I don't want to miss state and so don't quote me on these, but
• 27:10
  states like Utah, I believe Texas, I know Florida's working
• 27:13
  on it. Tennessee pass some, I mean Iowa
• 27:17
  I believe, I don't know, don't quote me on any of that.
• 27:20
  I need to get more up to speed and I will, but we do.
• 27:24
  I know for a fact we've got these states that are falling
• 27:27
  like dominoes right now, one by one by one, right?
• 27:31
  The states, is your state part of it?
• 27:34
  Do some research, figure it out. Because what they're doing, the
• 27:38
  states are saying are rejecting the Federal Reserve, rejecting
• 27:42
  the federal government. And our founding fathers set up
• 27:45
  the Constitution in this manner so that the states are able to
• 27:48
  reclaim, right, their constitutional right to use
• 27:52
  silver and gold as real money. At the same time, we've got
• 27:55
  we've got like asset backed asset 100% backed by real metal
• 28:02
  asset backed currencies that are being developed, right.
• 28:05
  The thing from Wisdom Tree Texas is talking about has legislation
• 28:12
  proposed pending that would create an A gold and silver
• 28:16
  backed currency in the state of Texas.
• 28:18
  Don't forget guys, Texas has their own depository.
• 28:23
  Texas is like one of the most innovative growing states in the
• 28:27
  country. Everybody's moving from from
• 28:29
  California, right? Cuz some people say it's become
• 28:32
  a little, what do they call it California?
• 28:35
  I don't know. Anyway, become a little too
• 28:38
  well, a distasteful place to live for a lot of people.
• 28:41
  Businesses are moving from California to Texas and Texas is
• 28:46
  embracing this idea of an asset backed digital currency 100%
• 28:52
  regulated. Don't don't look, you got to get
• 28:55
  that. We got to get this through our
• 28:57
  thick, thick skulls. I know I love physical metal.
• 29:00
  These asset backed digital currencies are not going to take
• 29:02
  away your ability to continue to stack physical metal.
• 29:06
  They'll do two big things for you.
• 29:08
  This is why you need to be excited about these 100% asset
• 29:12
  backed gold and silver type things that do two things for
• 29:16
  you #1 they would easily let you be able to save and protect your
• 29:22
  wealth and gold and silver and make it functional so that you
• 29:26
  could go to the dry cleaner. You can go to the grocery store,
• 29:29
  you can go to the comic book store.
• 29:31
  I don't know, whatever you, whatever floats your boat, none
• 29:34
  of my business. But you can use real gold, use a
• 29:37
  debit card, right type arrangement and buy with real
• 29:41
  without having to carry around. Look, I love this stuff.
• 29:44
  I carry AI carry. Look, let's do a little show and
• 29:47
  tell. I'm not my favorite.
• 29:49
  I love that Indian, right? I love carrying this stuff
• 29:52
  around, no doubt about it. But if I'm going to go to the
• 29:55
  grocery store, I don't want to be lugging 10 American Silver
• 29:59
  Eagles with me. Or five, whatever the case may
• 30:01
  be. No, you want to be able to use
• 30:03
  it. OK, you want to be able to use
• 30:05
  it, but it's critical. I've never yet invested in any
• 30:10
  of these asset backed digital currencies because I've yet to
• 30:13
  become 100% comfortable. OK, I will at some point and
• 30:17
  I'll let you know when I do digital gold, digital silver,
• 30:20
  but only when I, I'm 100% certain that if I recommend it
• 30:26
  or I talk about it, that I'm 100% certain that it's 100%
• 30:31
  backed, 100% audited, regulated, and that it, the metal is
• 30:36
  actually there and that day is coming, OK.
• 30:39
  And that is benefit #1 benefit #2 if you're like me and you're
• 30:43
  a stacker, are you a stacker? I'm a stacker.
• 30:48
  You're a stacker. Wouldn't you like to be a
• 30:50
  stacker too? Yeah, you are.
• 30:53
  OK when these solutions gain a popular.
• 30:59
  What's the word? When, When, When I can't find
• 31:01
  that word. Maybe you're like me.
• 31:03
  If I'm 54 years old, I can't find all my.
• 31:05
  I can't find all my words. It's funny, I say it to my
• 31:09
  little kids when they were four. Find your words popular
• 31:12
  adoption. That's still not it.
• 31:14
  There's enough fancier way to say it.
• 31:16
  But when it they become popular, adopted people are using these
• 31:20
  asset backed digital currencies that will also create more
• 31:26
  massive demand for real physical metal because they're going to
• 31:30
  need that metal to back up those asset backed digital currencies.
• 31:34
  All right, I, I, I digress. Just stay out of debt, OK?
• 31:38
  Stay out of debt. OK, Gold and silver, here we go.
• 31:40
  Let's go look at this is a new one to me.
• 31:42
  This will be a new one to you as well.
• 31:45
  Where is it here? Here we go, another one from
• 31:48
  metals and miners. But this is gold, gold silver HQ
• 31:52
  7 industrial demands just because we need to do a review,
• 31:56
  guys, don't forget the demand for silver.
• 31:59
  You know, I know some of these days are challenging, I
• 32:02
  understand, but the demand for silver is continuing to grow.
• 32:06
  What we talked about yesterday. What did Warren Buffett say that
• 32:09
  is so critical? The demand for silver is
• 32:12
  inelastic. Inelastic means not elastic, not
• 32:16
  not flexible. Not flexible means solid, right?
• 32:20
  Means that no matter what the price goes to, the demand will
• 32:23
  pretty much remain the same. It's not flexible.
• 32:26
  What are these big seven demand areas that we we need to do a
• 32:30
  quick review about the silver market because they are critical
• 32:35
  right to the, to the economy, but also critical to the, to the
• 32:39
  demand structure of silver. OK, a thread solar panels,
• 32:47
  somebody said earlier in the comments, right when I came on
• 32:51
  that there's somebody said that in 2025 they're estimating 550
• 32:55
  million ounces of silver paste will be needed for solar panels.
• 33:01
  That's more than half of the world silver production.
• 33:04
  I wasn't able to, I didn't have time to verify.
• 33:06
  That was just one of the comments, but we know solar
• 33:09
  panels are exploding electronics, medical, we never
• 33:12
  talk about that medical applications.
• 33:14
  Silver is antimicrobial. Silver is like sewn into the
• 33:17
  gowns of the of the brain surgeons and surgeons whatever
• 33:21
  medical clothing, there's big, big applications for silver in
• 33:25
  the medical industry, automotive industry.
• 33:27
  Yes, we know Samsung's working on the solid-state battery,
• 33:30
  which would require some people say up to 30 oz plus of silver
• 33:35
  per battery per car. We also know that Samsung is
• 33:38
  working with Toyota and that Lexus last I red was planning to
• 33:42
  be the first big car brand to roll out this new generation of
• 33:47
  car battery that lasts twice as long as the current batteries
• 33:51
  that is is lighter, that is much more safer and there's a bunch
• 33:55
  and charges like in a fraction of the time.
• 33:57
  All right, water purification. I've heard Rick rule talk about
• 34:01
  that right sanitation water purification for silver 5G
• 34:05
  technology, chemical manufacturing.
• 34:08
  All right guys, there's silver. All right, we know they good.
• 34:13
  They go through all the different points.
• 34:15
  I'll leave that for you to go read if you like again, that was
• 34:18
  from the medals and miners. Sub stack, sub stack, sub stack.
• 34:25
  Oh, but you know, here, look at this.
• 34:27
  This is a funny one. I know we're all a little bitter
• 34:30
  about the Bitcoin situation, you know, whatever, but this was
• 34:34
  breaking from Nostra House of Gold last night.
• 34:36
  Apple Computer apparently has announced that they will be
• 34:40
  using Bitcoin instead of gold in the manufacturing of their next
• 34:45
  iPhones. Just pointed out the fact that
• 34:50
  yes, you know, the Bitcoin situation is interesting.
• 34:53
  I'll go on a little Bitcoin ramp.
• 34:55
  I believe Bitcoin is 100% mostly manipulation.
• 35:00
  How can it not be OK I'm not not anti Bitcoin, I'm just giving
• 35:05
  you my perspective on what I see in the Bitcoin world.
• 35:08
  OK, the crypto market, you know, we talked about the silver price
• 35:13
  being manipulated, but I would argue that the that the that the
• 35:16
  price of most of these cryptos is much more manipulated because
• 35:21
  they don't have any tether back to reality.
• 35:24
  They they have nothing. The only thing, the only thing
• 35:27
  that a lot of them are, and I know they have these whatever
• 35:31
  some of them have use cases, I won't argue into that is price,
• 35:34
  price, price, price, price. That's the only thing that
• 35:37
  drives them. Especially some of these meme
• 35:39
  coins like Doji coin or whatever these may be OK, It's price,
• 35:44
  right? And price is all based on
• 35:46
  emotion. And when then when you have the
• 35:49
  big major financial institutions, which I'll say
• 35:52
  suspiciously have become very pro crypto, you're going to tell
• 35:57
  me that that these big financial firms that have been proven to
• 36:01
  have manipulated the gold price and silver price for decades
• 36:05
  aren't manipulating the price of the cryptos.
• 36:08
  And when you have this massive mainstream media, almost like a
• 36:12
  brainwashing that's going on about crypto, crypto, crypto,
• 36:17
  that the price is real, that the price is based on some type of
• 36:21
  real value. No, I don't think it is.
• 36:24
  OK. I just can't think it is.
• 36:26
  And then on top of it, let's just talk about Bitcoin and
• 36:30
  MicroStrategy. Michael Saylor, who's like the,
• 36:34
  the, I don't know, the Messiah of, of, of crypto and Bitcoin.
• 36:38
  His company MicroStrategy, which used to be a software type
• 36:42
  company just years ago started, if you don't know this, started
• 36:46
  buying Bitcoin, it became like the Bitcoin savior or whatever
• 36:50
  you want to call them. They're they're borrowing
• 36:53
  billions of dollars from Wall Street, borrowing money, issuing
• 36:57
  bonds, and then using that money to buy Bitcoin.
• 37:01
  I mean, it's almost like, I don't know, it's almost like
• 37:05
  taking you taking money out on your credit card and going to
• 37:09
  the casino. That's what's supporting the
• 37:12
  price of Bitcoin, right? A part of it, not all of it, I'm
• 37:17
  not gonna say it, but it's to me, it's just it's absolutely
• 37:21
  ridiculous. OK, so we talk about silver and
• 37:24
  I put a video out about about this.
• 37:26
  I think it's coming out later, or maybe I did already, I don't
• 37:28
  know. But we talk about silver being
• 37:30
  manipulated. And it is, right?
• 37:33
  Look, look here. Look, here's how silver's
• 37:35
  manipulated, OK, Right here, right down here, right here.
• 37:42
  See my yellow finger? The paper to silver ratio, which
• 37:45
  now is continuing to go up, but it's over 404 hundred claims
• 37:50
  paper claims on each one ounce of real silver in the in the big
• 37:55
  trading markets, 400 to one. OK, but at least at least silver
• 38:02
  has that, right? The cryptos, there's nothing
• 38:05
  back there, there's nothing backing them.
• 38:08
  And you know, again, you know, hey, congratulations to you.
• 38:11
  If you've made money on crypto, that's great.
• 38:14
  Me personally, if I'd made a lot of money on crypto, I'd sell it
• 38:17
  and convert it to real metal. But I'm not giving financial
• 38:20
  advice and you're not asking for it.
• 38:21
  But I'm just saying the situation that we're seeing
• 38:24
  unfold right now is really, really crazy, right?
• 38:29
  And I, and I know it seems real to a lot of people, but other
• 38:35
  real bubble type situations have unfolded as well.
• 38:38
  I could be dead wrong. I've been wrong up to today when
• 38:42
  it comes to why I never bought Bitcoin.
• 38:44
  And I'm going to tell you, OK, I looked at Bitcoin before.
• 38:48
  99.99999999% of these people that are now Bitcoin and crypto
• 38:54
  fanatics even knew that it existed.
• 38:56
  I studied Bitcoin back in 2000, was probably 13 when my
• 39:01
  daughters were infants, OK. And at that point I didn't
• 39:05
  understand. Sure.
• 39:06
  I wish I'd have bought it. I think Bitcoin was like 10-12
• 39:08
  bucks at the time, but I never moved on it because it never
• 39:13
  felt quite right. It still doesn't feel quite
• 39:15
  right right now. Do I wish I'd bought it at 10-12
• 39:18
  dollars? I mean, imagine that you in 2000
• 39:22
  and I've been I don't have all the dates specific here, but
• 39:25
  when I was looking at it, honestly, it was around 10 bucks
• 39:28
  that you could have taken ten of these right and turned them into
• 39:32
  100,000 of these paper, right? But it's all make believe.
• 39:37
  This is make believe Federal Reserve note.
• 39:39
  I mean, it just is really an astounding situation.
• 39:44
  And furthermore, why what the part that really gets me this
• 39:48
  really I want to ask you and again, I think this makes it
• 39:53
  clear to us why we like our silver and gold.
• 39:56
  But I want to ask you, does how this makes sense?
• 39:58
  Somebody please? If you can explain this to me,
• 40:01
  send me an e-mail and explain to me this.
• 40:04
  This is incredible madding situation that we're seeing
• 40:08
  right now in our world when it comes to Bitcoin, gold and
• 40:12
  silver and Donald J Trump. Because we've got Donald J
• 40:15
  Trump, right, who came out over the weekend and said I'm going
• 40:18
  to put 100% tariffs on any of these, on any of these BRICS
• 40:23
  countries who use anything, any alternative to the US dollar if
• 40:29
  they develop their own system, right?
• 40:31
  OK. But then at the same time, you
• 40:33
  got the same guy who says he's in favor of crypto currencies,
• 40:37
  which are an alternative to the US dollar.
• 40:41
  Something's going on that doesn't make sense, right?
• 40:44
  So then my question for Donald J Trump, president-elect and all
• 40:48
  due respect, is, is it OK for the BRICS countries to trade
• 40:53
  amongst themselves and cryptocurrency?
• 40:55
  I don't know. I don't know, right?
• 41:00
  There's a lot of weird stuff going on.
• 41:02
  There's a lot of uncertainty right now.
• 41:04
  More uncertainty in our world right now than any other time in
• 41:08
  my life. I don't know how you feel about
• 41:10
  it. And I'm telling you, there's one
• 41:13
  medicine for uncertainty and that's gold and silver.
• 41:17
  Guys, thank you. OK, again, thanks for being part
• 41:20
  of the basement. I will say thank you to 1st
• 41:22
  Mining Gold, Canadian Gold developer sponsor of Ron's
• 41:25
  Basement. They've got 2 development stage
• 41:27
  projects in Canada, gold in the ground in Canada.
• 41:30
  You can learn more about them at firstmininggold.com.
• 41:33
  And Fortuna Mining, operating mining company headed by Jorge
• 41:38
  Gonozo, one of my favorite CEO's.
• 41:40
  They're mining silver and gold in Latin America, and they have
• 41:44
  an expanding gold production profile in West Africa.
• 41:49
  Let's run out and get an update on the silver and gold price at
• 41:53
  channel sponsor Pin Backs. Oh boy, I got a feeling today.
• 41:57
  Yeah, down $0.26 for silver still, guys. 31 right around
• 42:02
  $31.00 per oz O gold's at $2600. Don't forget, one year ago right
• 42:07
  now we were looking at silver, $22.00 per oz.
• 42:13
  Let's go see where gold was exactly 1 year ago.
• 42:16
  This will be fun, OK? This will make us feel better.
• 42:20
  We're already feeling good. Up there was gold.
• 42:23
  Back up. Goldie.
• 42:24
  There's our friend Gold. Let's let this come on.
• 42:30
  There we go. Where was gold?
• 42:32
  Who knows? Do you know?
• 42:33
  Where do you think gold was one year ago right now?
• 42:37
  Here it is today, taking a little bit of a nose dive and
• 42:42
  wow guys, yeah, remember now I remember right.
• 42:46
  Gold was around, right around. We were celebrating because gold
• 42:50
  was was breaking through 2000 right there.
• 42:54
  It was on the 6th of of December last year.
• 42:59
  We were at 2030 dollars. Then we dipped down below, down
• 43:04
  by $30.00, right a day like today.
• 43:07
  But then look, it's been a steady rise up.
• 43:10
  Let's draw that because this will make us feel just dandy
• 43:15
  about our investments in precious metals.
• 43:18
  That's what the last 12 months have looked like for the gold
• 43:22
  price. OK, could we dip down here?
• 43:24
  Absolutely. But you know what?
• 43:26
  We know what's going on in our world right now.
• 43:29
  We know what the central banks are doing.
• 43:30
  We know reality. We know value.
• 43:34
  I appreciate you being here. Have a great day.
• 43:36
  Be nice to yourself. You deserve it.
• 43:38
  OK, Come back to the basement. You're always welcome here,
• 43:41
  right? You're part of this group.
• 43:42
  We come together. Thank you to the moderators,
• 43:45
  Jake from Jake's Custom Parts, Annie Oakley and also Big Tim
• 43:49
  the Silvershire. Have a great day, guys, and I'll
• 43:51
  see you soon. Bye.
• 43:52
  Bye.