Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🎯 THIS VIP Just Said $27,000.00 GOLD Price 🎯 (Silver Price Too)

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🎯 THIS VIP Just Said $27,000.00 GOLD Price 🎯 (Silver Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:03
How are you feeling right now about the silver price above $30
0:08
per oz as we are recording this live?
0:12
Wow, it's Friday Silver above. $30 just like we predicted right
0:18
here in the basement. But can we get to $40?
0:21
Let's forget about $30.00 for a little.
0:23
Bit and let's talk about getting to $40 and I have.
0:28
Some information I wanna share with you in this video where we
0:31
talk about just that. Can you imagine, may we never.
0:36
I'll ask you this question. Right.
0:38
You're a silver investor. Will we ever?
0:40
See a silver price again that starts with the numeral 2.
0:46
That is not 200. Will silver stay above $30 per
0:52
oz? Look, we know.
0:53
Let's be prepared for anything. Basement dwellers we know.
0:56
How this? Goes.
0:58
They're going to be putting out a major effort to tamp down the
1:02
silver price. You've experienced that before.
1:04
I've experienced that before. We've lived through it.
1:07
We can live through it again. But gosh darn it, the bottom
1:10
line is the silver price is strong and we're going to talk
1:14
about $27,000 gold. There was a fantastic prediction
1:19
that was put out lately about $27,000 gold, and it's by
1:23
someone who's very well respected.
1:26
But we're going to dig into his background and see why we should
1:30
respect and listen to this gentleman who's talking about
1:34
the gold price getting the $27,000.
1:37
Now we can't even imagine what the silver price might look at.
1:42
I mean that's like what, 10 times gold price from where we
1:45
are right now? And has gold ever done that in
1:48
the past? Have we ever had that
1:50
experience? Where gold has gone up by 10X,
1:53
silver by 10X. Guys, we can remember back to
1:57
the 1970s, right when I was a little infant.
2:01
You were probably quite younger as well.
2:03
We had the gold price and silver price go up by multiples.
2:06
But let's talk about what's going on right now.
2:09
Today. I was talking with Roger, bald
2:11
guy money this morning. And as we were talking, he was
2:14
like, Oh my gosh, look at the silver price.
2:16
I said, Roger, we should stay on the phone a little bit longer.
2:20
His key is that we close today above $30 per oz.
2:24
He talked about topping tails, which is a I'm not a chart guy,
2:28
right? But it's the the candles.
2:30
When you have a big Wick that shoots up and then comes back
2:34
down, he's keeping a close eye on that.
2:37
And I think the meat of what he told me, and I asked his
2:40
permission to share this with you basement dwellers, is that
2:44
we close today above $30. What do you think?
2:47
Are we ever going to see a silver price again?
2:51
That starts with A2. We'll we'll be happy.
2:54
When we get a silver price that starts with A2 but it's 200 and
2:58
boy oh boy can it happen. Let's run over.
3:01
Let's do our daily check because we know.
3:04
This is not this is no longer a market controlled by the COMEX
3:11
and the LBMA. Now the market is increasingly
3:14
being controlled by China. And if we go to our friend, the
3:17
Oriental Ghost, we've got new. We've got new.
3:21
Oh, my. I forgot.
3:22
This is the big deal. We have two new records, it
3:27
appears. OK, let's check this out.
3:29
Hold on one second. OK, there we are.
3:33
There we go. You can see that now.
3:35
New high? Silver closed a price on the
3:38
Shanghai Futures Exchange, a new since its opening of 2012.
3:43
New High price A new. Low in silver vaults on the
3:48
Shanghai Futures Exchange since 2020 May 17th the market data OK
3:54
look at these prices guys. So we got new highs.
3:59
Shanghai Gold Exchange Almost 33.
4:02
Dollars per oz. This is real.
4:04
That's a more physical market. And on the Shanghai Futures
4:07
Exchange, that's interesting. Usually that price.
4:10
I believe this is called Backwardation $32.95.
4:14
Silver on the Shanghai Futures Exchange hit the highest closing
4:18
price again during daytime trading since it opened in 2012
4:24
silver vaults. This is even more important
4:27
'cause this is the fundamental support.
4:30
Right, What does? It mean when there's a
4:32
decreasing supply. Silver vaults on the Shanghai
4:36
Futures Exchange continued to decline and saw a new low since
4:41
2020. Man, guys, it is just getting
4:44
absolutely crazy out there. We've talked about, we talked
4:49
about yesterday we had John Little on, talked about a silver
4:52
squeeze, Andrew McGuire just about six weeks ago.
4:58
I explicitly remember that guy. Shouldn't we listen to the guy
5:03
that knows more about the inner mechanics and the working of the
5:06
Comex and the LBMA than anybody he was warning 456 weeks ago.
5:11
He said the markets, the the, the, the electronic paper
5:15
markets, right, could break not in years but in months, right.
5:20
He's looking at the data. He also told us well in advance
5:25
that the Indians were buying silver hand over fist.
5:28
Thank you Ron McAdams for that super chat, guys.
5:31
We could be heading into crazy, crazy times right now for silver
5:36
and gold, right? And be prepared.
5:38
Are you prepared, I mean. It it it's.
5:42
Fun. It's exciting.
5:44
But even when it goes up, I don't know about you.
5:46
Maybe I'm a sensitive Sally, but it's a little bit.
5:48
Stressful as well. Remember, you need to have a
5:51
plan. Let's run out.
5:53
Let's see how the markets are doing right now.
5:55
Let's get a up to up-to-the-minute price on silver
5:58
and gold from pin backs. Let's update it here.
6:01
Remember, we can have what book? Silver.
6:03
Oh my God. Up $0.88 per oz, I'm telling you
6:09
at this point today. Guys, if we get silver above
6:12
$30.50. And it stays above and keeps
6:17
moving. We could have, we could have a
6:19
bonanza day, but be prepared as well.
6:21
I don't want to be the bearer of bad news.
6:22
Don't get mad, don't throw eggs at me.
6:25
But we could have. We could have a close today
6:28
below $30 per oz. It's going to be today is
6:31
probably one of the more pivotal days for silver in particular.
6:36
Oh my gosh. Gold, $2400 per oz.
6:41
Hey, we've been talking about this for a while, but if you
6:44
want to get your hands on some silver, gold or platinum before
6:47
the price potentially continues to go up, always be prudent in
6:51
your purchases. I'm not giving financial advice,
6:54
but if you on your own decide, maybe I want to be my own
6:58
central. Bank.
7:01
Maybe I want to have some silver, some gold.
7:04
Check out Pembex. You can trust them.
7:07
You need to find that out for yourself like I did.
7:10
I did my research. I did transactions with them
7:12
before they sponsored the channel.
7:14
I trust Pembex. I trust Mike and Brian, the
7:18
brothers that that started and owned the company.
7:20
But what I like even more about them is they always have a great
7:24
selection. But what I like even more
7:27
because Susie, as she reminded me yesterday, I said I'm a very
7:30
resourceful person. You know, I'm trying to teach my
7:33
daughters like the value of money and she said.
7:37
Yeah, you're a real tight wad. Well anyway, I like to get the
7:41
most for my paper Fiat when I do decide to convert it into
7:45
metals. And what I found is I always get
7:48
the best prices, which means what I get more metal.
7:51
For my money, coin shop, Chris and I used to do comparisons
7:55
between Pinbecs and some of the big online bullion stores.
7:58
And it was like. If you're buying, let's say 100
8:02
ounces of silver, you get the exact same thing from pin backs.
8:06
You get it for much less and a lot of times you can get like a
8:09
bone buy an additional. 3-4 or five ounces of silver.
8:13
So anyway, do yourself a favor, check out pin backs, and if
8:16
you're ever going to convert an IRA to silver gold, check them
8:20
out for that as well. You want to get more metal for
8:22
your money? OK, back to the big story.
8:25
What about silver? Have you noticed?
8:27
And what do you think is going to happen?
8:29
Wait till this happens. Wait till this happens.
8:34
Because if you noticed the mainstream media, nobody's
8:37
talking about this crazy rally in silver.
8:41
You know what? We're gonna do this on the fly.
8:43
But I wanna go out to. Let's just look at the silver
8:47
chart and see how crazy this has been.
8:50
Oh, boy, here we go, here we go. Can we find silver?
8:54
Look, mainstream media. Where's silver?
8:56
Gotta keep looking. Gotta keep looking.
8:59
Oh, gotta keep looking. Is it?
9:02
Is it? Where did I miss it?
9:03
Oh, there it is on the 4th page now.
9:06
Oh, let's look at the. Silver chart up $0.80 this is
9:10
the futures. OK, this is what our friend bald
9:14
guy was talking about and let me see if I can show this to you.
9:19
Now This does not show candlesticks and I'm not even
9:22
gonna try to. Put that up but.
9:25
Up here we're topping candles. The fact that we're coming
9:29
pushing back up is a very good sign.
9:31
Guys, I this is just my opinion. If we get up here right 30703080
9:37
today, we could go to $31.00, but don't forget we could go to
9:40
29 as well. But let's look at the last five
9:44
day chart of silver. So this is when I called $30
9:47
silver. We were at $28.00 back on the
9:51
13th, right? Monday.
9:53
OK, but let's just look at a three month chart of silver.
9:57
Here we are, February 26th, $22.00 per oz.
10:01
We're up $8 in that time period. That would be, Oh my gosh, that
10:08
would be like 40%, right 38%. I could do the math.
10:13
The mainstream media is not talking about it now.
10:16
I just have a question for you. What do you think would be
10:19
happening if Bitcoin was up 3540% in the last, let's say?
10:27
Two months. Three months, right.
10:28
It'd be all over the place. Is this is.
10:31
But do you think this is actually a good thing?
10:34
I'm telling you it is. Because think about this once
10:39
the mainstream media starts to pick up.
10:41
On the silver story, like they did earlier in the week with the
10:45
copper story, but when they pick up on the silver story, since
10:49
we've had no coverage, right? And we know they hate silver,
10:53
the central banks hate silver, the mainstream media hate
10:56
silver. That's OK That's OK 'cause that
10:58
gives you and me think about this.
11:01
Does it make, does it does it makes sense to me.
11:04
So I'm asking you, does this make sense to you that it gives
11:07
us this big runway for improvement?
11:13
Imagine when Yahoo Finance and CNBC and Reuters and Bloomberg
11:18
and Fox Business have front page stories about the silver
11:23
squeeze, the silver shortage, the the, the rocketing silver
11:27
price. It will just.
11:28
Bring more and more people into the silver world.
11:33
What this this is interesting as well was when we're talking
11:35
about silver, we're talking about gold.
11:37
But I want to show you this. This has gotten a ton.
11:41
I can't read Japanese, but apparently apparently just to
11:46
just to touch on the worldwide, remember that that this is.
11:51
So. Important for for you and for me
11:54
to remember when it comes to precious metals, there's more to
11:57
the world than the United States of America.
12:00
As a matter of fact, yes, we're supposedly the biggest economy,
12:04
but when you add up all the other economies in the world,
12:06
they're much bigger than us when combined and.
12:09
And on. Top of that guys, they are crazy
12:13
about silver and gold. This was a post that's getting a
12:16
ton of getting passed around in the in the community from Soccer
12:20
Thoughts. Gold bars are being advertised
12:23
in the Tokyo subway. We are so back.
12:27
We are back, baby. I agree with you.
12:29
Mr. Mr. Soccer Thoughts. OK.
12:34
Oh boy. Here here.
12:37
How? About the idea as we talk about
12:41
owning silver and gold. If if only one, if only one, one
12:46
or 2% of people own something, right, we know, we know.
12:50
And this is about you and this is about silver and gold.
12:53
We know that one or 2% of the world's population now own like
12:58
60 or 70%, whatever it is. Crazy.
13:01
Wealth. Distribution in the world,
13:03
especially in the United States like the one or 2%, own a a
13:07
lion's share of all the assets I got.
13:10
A question for you do. You own.
13:12
Physical silver. Let's just.
13:14
Focus on that Right now, if you own physical silver, you're part
13:18
of the one or 2% of people in the United States.
13:22
Have you ever thought about it that way?
13:24
I never really thought about it that way, but if you own
13:26
physical silver, I know you're happy today, all right, You're
13:29
happy today. Be prepared for anything with
13:31
this price. We could go to 31, we could be
13:34
at 29, but nonetheless the fact that you own OZ ounces.
13:40
Stop talking about the price, Ron Darn.
13:43
It I kind of keep. Reminding myself of that, what
13:45
really matters is the value of those Oz.
13:47
But if you're part of that. One or 2%.
13:51
That. Makes.
13:51
Doesn't that make us wealthy? We're part of the 1%, finally.
13:57
Right. I'd never thought about it from
14:00
that perspective, right. We are, you are part of a small
14:03
and it's real money, you know, you know and we're going to
14:06
touch on this later. All the Fiat money systems
14:10
always, always, always go down. We got a lot more to talk about
14:14
$40 silver. We have a little chart to look
14:17
at and and a very interesting way of looking at the fact that
14:20
we could move from now I guess we can say 30, let's forget
14:24
about 30, let's go to 40 and let's hope that we don't end
14:28
today with a silver price that starts with A2, OK.
14:31
But we're going to talk about that $40 silver.
14:34
We're also going to talk about the $27,000 gold prediction by a
14:41
legitimate person, somebody who garners a lot of respect.
14:46
But I was having a great conversation with John Roland
14:50
earlier in the week. He's with this company called
14:52
Bar Chart. He's a technical analysis, but
14:55
he follows gold and silver very closely.
14:58
Nobody's talking about and he talked about it and I've heard
15:01
other, I think Rick Rule talked about this also.
15:04
Nobody's talking about this with silver the sanitation uses.
15:08
For Silver, everybody. Talks about, oh, it's electric
15:10
and and it is, and that's great. But we have more to be happy
15:14
about with silver because as the world is expanding as as as the
15:19
middle classes are expanding, the sanitation uses for silver
15:23
are exploding right now and nobody's talking about it.
15:27
So I wanted to put a little cherry on top of the silver
15:30
demand story for you this morning because John brought it
15:33
up and I'm like, you know, John, nobody else talks about that,
15:36
but it is. And if you.
15:37
Dig into it just a little bit used for its uses in water
15:41
filtration and it and it goes back to the antimicrobial
15:46
qualities of silver. It's crazy, OK?
15:49
But today we're here to talk about $40 silver.
15:54
But first, let's talk about $27,000 gold.
15:57
Who's talking about $27,000 gold?
16:00
And is he somebody that we should even listen to, right?
16:04
I know, I already got him. This morning I put out a
16:06
thumbnail for this video, $27,000 gold.
16:09
Oh, Ron, you're a pumper. You're a clickbait, blah, blah.
16:12
Am I? Let's listen.
16:14
To who? Let's go dig in and then we're
16:16
going to talk about why he sees $27,000 gold.
16:20
And it's fascinating. And just by the way, what do you
16:23
think the silver price would be if we got the $27,000 gold?
16:28
So we're going to talk about this guy, James Rickards.
16:33
He's the one who recently put out an article talking about
16:36
$27,000. But should we trust him?
16:39
Let's just dig in super quickly to his background and see if
16:42
this is a guy that we should, that we should consider here,
16:47
right here, he here. Here's his career.
16:53
He's held senior positions at Citibank, Long Term Capital
16:56
Management and Caxton Associates, whoever they are.
17:00
As general counsel for the hedge fund Long Term Capital
17:03
Management, he successfully negotiated a 3.6 billion rescue
17:09
of the firm via the United States Federal Reserve.
17:14
So this. Guy's had intricate, intimate
17:17
interactions with the Federal Reserve in 1998.
17:21
Remember, he's talking about $27,000 gold Rickards.
17:25
Worked on Wall Street for 35 years, OK, here in September of
17:30
2000, I'm gonna stop highlighting September of 2009,
17:34
Rickards testified. Before.
17:36
The United States House Science Subcommittee on Oversight about
17:40
the Risks of Financial Modeling Value at risk and the 2008
17:45
financial crisis. So our Congress had amend to
17:48
teach them a few things or two. He's also claimed that he
17:51
advised the US Department of Defense, the US Intelligence
17:55
Community, and major head hedge funds on global financial
17:59
issues, global financial issues. The US Department of Defense, He
18:05
advised the US Intelligence Committee.
18:08
Major. Hedge funds?
18:09
Hedge funds on global financial issues?
18:13
This has to do with $27,000 gold.
18:16
And it was a facilitator on the first ever financial war games
18:20
conducted by the Pentagon. OK, all right.
18:23
He's also a best selling New York Times best selling author.
18:28
So should we listen to this guy? Do you do?
18:31
You what do you think? Yeah, If he's talking about
18:33
$27,000 gold, is he somebody that we should listen to?
18:36
I think so. Let's look at what he said.
18:39
Let's look at how. He came to this.
18:41
This, I guess this is blog The Daily Reckoning.
18:44
There he is, right there. 20. $7000 gold.
18:47
I previously said that gold could reach 15,000 by 2026.
18:52
Good news, basement dwellers today, and this was just
18:55
published a few days ago. Three days ago I'm updating that
18:59
forecast. My latest forecast is that gold
19:02
may actually. Exceed. $27,000.
19:09
All right, 20. OK, but how did he get to this?
19:12
Of course, there's no guarantee it'll happen, but this forecast
19:15
is based on the best available tools.
19:18
Remember, this is a guy who consulted for the Pentagon, the
19:22
intelligence community, Wall Street, the Fed.
19:25
OK, what else can we add to that list?
19:28
All right. OK, here's how I reached it.
19:31
He talks about central banking and money going down.
19:35
What's the proper price of gold? The scenario begs the question,
19:39
what is the new dollar price of gold in a system in which
19:43
dollars are freely exchangeable for gold at A at a fixed price?
19:49
He's talking about backing the backing the money with with with
19:53
gold. OK, so.
19:55
Here we'll just get right to the calculation, because Mr. Rickers
19:59
provided you with a bonus, an extra $533 per oz on the gold
20:04
price, and there's something at the bottom.
20:07
Talking about about how the price can get there, that is I
20:10
think just absolutely fascinating and will turn on a
20:13
big light bulb for you. OK.
20:16
The USM one money supply is almost 18 trillion, OK?
20:20
He says. I use the M1, which is a good
20:22
proxy for everyday money. What is M1?
20:25
This is the supply that is most liquid and money that is the
20:29
easiest to turn into cash. It contains actual cash, right?
20:34
Bills and coins? Bank reserves what's actually in
20:37
the vaults, and demand deposits money in your checking account
20:40
that can be turned into cash easily, OK.
20:43
Now. He makes an assumption that
20:45
they're going to back that with just forty percent, 40%, not
20:49
one, not not 100%. They're going to back that cash
20:52
with 40%, OK. This was the legal requirement
20:57
for the Fed from 1913 through 1946.
21:02
Later. I didn't know this.
21:04
OK. So they backed the dollar with
21:06
40% gold, then they moved it to 25% and then obviously it's at 0
21:12
today and we know how that's worked out for our country.
21:14
We can go look at the debt clock to get to get that.
21:17
OK. Applying the 40% backing to the
21:21
18 trillion in money supply means that 7.2 trillion of gold
21:26
is required. Applying the 7.2 trillion
21:30
valuation to the 261 million Troy oz yields a gold price of
21:37
$27,533 per oz. The 261 million Troy ounces are
21:45
gold that is owned by the United States, OK.
21:49
All right. There's room for debate about
21:52
whether 40% backing ratio is too high or too low.
21:56
OK, still my. Assumptions are moderate based
21:59
on monetary economics and history.
22:02
Remember, guys, this is a guy who consulted to the Fed, to the
22:07
defense industry, the defense community, the Pentagon, Wall
22:11
Street. I mean, it's this, this.
22:13
He's legit, OK? A dollar price of gold over 27
22:18
or 27, I'm sorry, $25,000 per oz in a new gold standard is not a
22:24
stretch. Obviously, you get around 12,500
22:29
per oz if you assume a 20% coverage.
22:33
There are many variables in play.
22:35
All right now. He talks.
22:37
About the fact this is, this is just something to throw in.
22:40
And you know, this is crazier with silver.
22:42
This is gold production in the United States from 2005 to 2023.
22:47
Gold. There is not a big new supply of
22:51
gold coming onto the market. You can't print gold, you.
22:55
Knew that already, right? But it keeps it.
22:57
It keeps it as a as a scarce asset.
23:01
The demand side. Let's go down here a math
23:04
lesson. This is how you start.
23:06
You start this is this is going to this is going to turn on a
23:08
light bulb for you because most of us don't think about this but
23:12
we think about, oh, how could gold go to 27,000.
23:15
Well, this is very interesting. A bit a bit of elementary math,
23:19
elementary math we can all is helpful in understanding how the
23:23
dollar price of gold can move past 25,000 per oz in the next
23:27
two years. Whoa.
23:29
For this purpose, we'll assume a baseline of 2000, even though we
23:33
know we're bumping up against 2400 today.
23:36
But for his purposes, he'll keep it simple.
23:39
A move from 2000 per oz to 3000 per oz is a heavy lift, right?
23:44
That's a big move. That's a 50% increase and.
23:47
Could easily take a year or more beyond that though.
23:50
If you go from 3000 per oz to 4000, that's only a 33%
23:56
increase. Another large rally.
23:58
A further gain from 4000 to 5000 is a gain of 25%.
24:04
Are you noticing is the price goes up by 1000 but the number
24:08
gets higher? We.
24:10
We forget about this, but the percentage that the that the
24:13
metal needs to go up becomes much, much lower each gain of
24:18
1000. OK, here we go.
24:20
This pattern continues. Moving from 9000 to 10,000 per
24:25
oz is only an 11% gain. And that's like not that big of
24:30
a deal, right? Something moves.
24:31
Heck, Bitcoin can move 15% in a day.
24:34
Moving from 14 to 15,000 per oz is a 7% gain.
24:39
Gold can move 1% in a single trading day and sometimes 2% or
24:43
more. In an extreme example, a move
24:46
from 99, 1000 to 100,000 is only a 1% move.
24:50
So I thought that was a very interesting because we think, Oh
24:53
my gosh, how could we ever get? How could we?
24:56
Ever get to 27,000? Well, look, when you go, when,
25:00
when? Gold or silver, right?
25:02
That's the other thing. Think about silver right now.
25:05
You know, a big update, a dollar move.
25:08
And silver is what, like a 4% move, right?
25:12
But if silver gets to $100.00 an ounce?
25:17
Right. You know these the, the percent
25:21
the like a dollar move at that point is, is a 1% move.
25:25
So guys, as these numbers get bigger, math becomes our friend.
25:29
It gets even more interesting. What about what about $40
25:34
silver? Is silver on the launchpad?
25:37
Can you visualize $40 silver? Let's run out real quick and see
25:42
because the price is moving everywhere.
25:43
Be prepared for anything right now.
25:46
OK, let's take an update. And we still have silver.
25:51
Gosh darn. Up $0.88 per oz.
25:54
Thank thank you, Pinbex. We love to check on the silver
25:59
and gold prize when it's up right.
26:01
Makes us feel good. Oh, we didn't look at gold.
26:03
Hold on. I'll just.
26:04
I'll go out there real quickly. Gold 2401 dollars, up 23, up $23
26:12
per oz. Sorry.
26:14
And in the future when I quote these prices, for those of you
26:17
who are just listening, I'll, I'll say the actual price.
26:19
OK, now $40 silver. Does it seem possible to you?
26:24
Let's dig into that one real quickly here, because is silver
26:31
on the launchpad. This comes.
26:34
From our friends at FX St. and Brian London, who is very
26:38
respected also in the precious metals community, writes an
26:42
article that says Silver on the Launchpad eyeing a run to $40
26:48
per oz. OK, Gold steals most of the
26:51
headlines. Yes, thank you Brian.
26:53
We just talked about that Silver guys.
26:57
Just just imagine the day when silver gets just a little tiny
27:02
bit of recognition. What did Rick Rule say about
27:06
silver? This is why silver can go from
27:09
30 to 40 to 50, from 50 to 85, from 85 to 120, right?
27:15
Because it gets no attention. It gets no love.
27:20
In the West, right in the East, in India and China, we know they
27:24
love it, right? They're buying it hands over
27:27
fist. But in the West, there's no
27:28
love. What happens?
27:29
I just imagine what happens if silver starts to get a little
27:33
love. Rick Rule says Silver doesn't
27:36
need to be loved to have a massive move up, it just needs
27:40
to be a little bit less heated. OK.
27:46
Thank you, Susie. Oh, I don't have the walkie on.
27:48
Susie's talking to me and I have the The walkie-talkie is now on.
27:54
Everybody. Say hi to Susie, She's the best.
27:58
And we're going to come back to this $40 silver article here in
28:03
one second. But wow, you guys are being
28:07
super generous. Ron McAdams.
28:09
There's your smiling face. Whoa, Tim.
28:13
Tim. From Shanghai $20 Thank you all
28:16
super chance no matter what they are super appreciated Carlos and
28:21
did I? Miss one?
28:22
I missed one. Tim.
28:24
Wow. Wow, wow, wow.
28:26
What a great day to be invested in silver.
28:29
Thank you guys for all your support.
28:30
Please give. This a thumbs up right?
28:33
If we get to 400. Thumbs up.
28:34
I'll blow the train whistle, huh?
28:36
Yeah. And and up.
28:38
I'm not on the screen. I'll blow the train whistle and
28:44
and we're going to be talking $40 silver here as soon as I
28:48
figure out what's going on. OK, here we go.
28:54
All right, here we go. Let's get the $40 silver because
28:57
it can happen. Look at these split.
29:01
Brian London Gold steals the headlines like we said, but
29:04
silver and it is. It's stealthy.
29:06
Guess what, basement dwellers, those of you, and I know it's a
29:09
lot of you. I'm asking you, are you a silver
29:12
stacker? If you are, you've been
29:15
stealthy, right? Hopefully you.
29:17
Dollar What color shorts am I wearing?
29:22
Susie asked me. Orange I'll stand up at the end
29:26
and show everybody stealthy. You've been sneaky.
29:29
OK, you've been sneaky, you little sneaky snake in the
29:33
grass. That's what my mom used to call
29:35
me when I was a kid. But is that about to change?
29:39
Right. Are you ready for your day in
29:41
the sunshine? After.
29:43
Four, after nearly 40 years, he's been in this business.
29:47
I've read, listened to and watched and talked with
29:49
countless thousands of smart people.
29:53
I was. Reminded of the value offered by
29:56
the best analyst when I started noticing a number of people
29:58
posting a chart of the silver price and how it's setting up
30:02
for a big, big breakout. OK, we're talking 30 to 40.
30:08
In fact, this chart and market observation was originally
30:12
posted by Ron Grease of the chart store.com.
30:15
So here's this chart. OK.
30:17
Look at this guys. Look at this.
30:19
This is a chart of silver from 2010 through today.
30:24
So what about 14 years? This is the important part.
30:29
This is we know there's all kinds of crazy bullish chart
30:33
patterns on a very long term basis in silver.
30:37
Some people say there's like a 50 year cup and handle right.
30:40
I've shown that to you before, but this is this is where it
30:45
gets interesting. We can have.
30:47
Very. Very positive chart developments
30:50
within other very positive chart developments mean yes, there's a
30:55
long term cup and handle. Yes, this is the handle
30:59
potentially on the cup and handle in this right here is
31:02
called an inverse head and shoulders.
31:05
Think of a person standing on their head.
31:07
OK, there's a shoulder. All right, so here's here's
31:11
Silver at about $29.00 per oz. It's gonna get fun, guys, 'cause
31:16
we can update this chart 'cause this chart is, I don't know if
31:19
it has a date on it, but the guy posted it on What's this?
31:24
Does it say? Hold on here, 'cause we've had a
31:26
big update May 5th, so 12. This is 2 weeks, 2 weeks ago.
31:31
Oh, there's a there's a, there's a, there's there's reason for
31:34
joy. But let's just look at this.
31:37
There's the shoulder. OK, there's.
31:39
That would be the guy who's upside down.
31:41
I don't know his right shoulder. Who cares?
31:42
Whatever. Left shoulder.
31:44
There's the head. So remember, silver dipped down
31:48
last summer, right? Oh my gosh.
31:50
I don't remember being that depressed, but it must have been
31:53
about $18.00 per oz. There's the head and there's the
31:57
other shoulder. And when this breaks out, it
32:00
usually goes way, way up. But as of the publishing of this
32:04
chart, we're looking at the that's called the neckline, this
32:08
point right where this, where this shoulder started, right,
32:12
then the head, and then where this shoulder kind of ends.
32:15
If it breaks through the neckline, you're off to the
32:19
races. And guess what?
32:21
If we were to look at this updated chart, depending on how
32:25
things play out, today in particular, I think it's safe to
32:29
say that we broke through and there's reason for great, great
32:33
joy. Now I want to show you.
32:35
Hold on here. I want to show you another.
32:37
Reason why this is such a big deal?
32:40
Hold on here, present slides and.
32:47
A little. Look behind the scenes.
32:50
Here we go. Well, there.
32:51
Popped right up. There's.
32:54
Some debate about this, but a lot of people like me believe
32:58
that we have the cup and handle in silver.
33:01
That goes all the way back. Hold on.
33:04
Well, there's another picture of the cup in handle in silver all
33:08
the way back to 19. Eighty $50 silver, right?
33:12
2011, $50 silver. This is the silver price.
33:16
This is 1980. This is 2000. 11 cup handle.
33:21
OK, this guys is hold on here, here we go.
33:29
This little part right here is in that handle.
33:32
So we have an inverse head and shoulders breaking out
33:36
potentially within the handle of a 50 year cup and handle, which
33:40
is one of the most predictable silver charts ever.
33:43
OK, look, I'm not a chart guru. I do have a big video coming out
33:46
this weekend with John Roland, who is a chart guru That'll be
33:50
out tomorrow afternoon at around 3:00 PM Central.
33:53
He talks about silver and he says some very optimistic things
33:57
in regard to the silver price. Let's.
34:00
Go a little further. Here, he says, as you can see,
34:03
silver has essentially completed a reverse or inverted, I guess
34:07
you could say head and shoulders pattern that projects to a price
34:11
of over $40, while many others are now talking about this,
34:15
including us right basement dwellers.
34:18
And and and when we update this, 'cause that's five days ago that
34:21
chart, it's, it's kind of happening, OK.
34:25
It's important to give credit where credit is due because that
34:27
tells us who we need to listen to going forward.
34:30
In particular note on silver, it's important because the metal
34:34
has been trading very strongly since Ron Oh.
34:39
Is he giving? Me credit for this.
34:40
Thank you, Mr. London. No, he's not.
34:42
He's given the other Ron. Let's give him credit here.
34:46
Hold on. Where's the guy's name?
34:48
Ron Grease. That's not me, OK, Ron?
34:54
Grease posted the chart. This is.
34:58
Well, that's the silver price. Yep, it's a.
35:01
Little bit higher than that right now as I write, gold is
35:05
trading lower today, yet silver is up.
35:07
You can see this by the chart of the gold, silver ratio.
35:10
All right. Another OK, one more big thing
35:15
and silver's performance, that's the gold silver ratio.
35:18
Remember it was near 90. I don't know where it is today.
35:21
It may be below 80 with this current uptick that we've had in
35:25
the silver price that means. There was.
35:27
A point in time guys, back in February and March and that's
35:30
when I was buying some silver where you could get.
35:34
Where where it would take you. 90 ounces of silver to get one
35:39
ounce of gold. That's the gold to silver ratio
35:42
that has dropped because silver has been strong.
35:45
You don't know. It's been strong, your
35:47
neighbors, right? They don't know.
35:49
It's been strong, right? They know what's going on with
35:52
this big trial and all these other they're they're asleep.
35:55
They don't know. Because they haven't been told
35:57
that silver's been on a tear, and now the gold and silver
36:00
ratio has dropped rather significantly, and silver's
36:03
outperformance hasn't been limited to the last few days.
36:07
Generally speaking, and counter to what most believe, silver has
36:10
been leveraging gold's gains since this rally began on March
36:15
1st. Remember right?
36:16
We. Talked about this down here.
36:18
Remember the remember the elastic band example with the
36:22
with the truck? I'm going to get it out because
36:24
we got this. This is how we get not just $40
36:28
silver, but let's say $4550 silver.
36:31
Right. You know, you guys might think
36:33
I'm crazy. To to make these predictions
36:36
right. Last Sunday I predicted that we
36:39
might have $30 silver by Friday. Look, Blind Squirrel found a
36:43
nut. I'm right.
36:43
Every once in a while I said I thought there was like a 64.7%
36:47
chance go back and watch our live stream.
36:49
It was either Saturday or Sunday.
36:51
A lot of you have emailed me, texted.
36:54
Thank you to congratulate me on my one right prediction.
36:57
Thank you very much. But.
36:59
Guys. We're, we could be.
37:01
In for a slingshot move in silver and we're going to talk
37:05
about that as soon as we end end this.
37:07
OK. Silver's our performance, OK.
37:09
Also note that over this period the gold to silver ratio fell
37:14
through both the 50 day and 200 day moving averages and that the
37:19
50 day moving average is poised to fall through the 200 day
37:23
moving moving average while the track record of.
37:27
OK. We just need a few more likes
37:29
and I'll ring the gong. Thank you, Susie.
37:32
That's called the Death Cross, which is actually bullish for
37:35
silver of the silver to gold to silver ratio and the silver
37:39
price is mixed. This is yet another indication
37:43
that silver could continue performing gold in the days
37:46
ahead. Hold on, let me get something
37:48
out for you guys. I'm going to be ready for you.
37:51
Get ready for this. OK.
37:55
Look. It's very simple, all right,
38:00
This is the gold. Price the Gold Truck.
38:04
This. Is the silver price the silver
38:06
truck? This elastic band is the gold to
38:09
silver ratio. How many ounces of silver does
38:12
it take to buy one ounce of gold it got?
38:15
It got stretched, stretched all the way to like 90.
38:19
OK, this. Is the silver price right here
38:23
the stopper hold? On.
38:25
See if this thing still works. There we go.
38:29
OK, that's the silver price. Headlights too anyway.
38:34
It got. Stretched and.
38:36
Stretched, it's going off the screen.
38:38
Nobody cares about Silver. Nobody cares now as that turn.
38:43
That thing off as. The as that as that ratio
38:48
compresses and the silver price goes up.
38:52
Slingshot. OK, slingshot.
38:56
That makes. Sense to me.
38:56
Hopefully that does that make sense to you.
38:59
Hopefully. That makes sense to you as well.
39:03
So all this is a big deal because we've got massive
39:06
bullish chart patterns embedded within other massive bullish
39:11
chart patterns for silver and for gold as well.
39:16
All right, guys, I don't know. Can we?
39:19
Look, we said this back in December.
39:21
Basement dwellers, we sat down here and talked about this.
39:23
We are in a new environment for. Precious metals, It's happening.
39:30
OK. Thank you, Susie.
39:32
Everybody say hi to Susie. Hi, Susie, I'm.
39:36
Going to ring. The gong in one second.
39:38
I've got good news for our basement dwellers who are
39:40
joining us. OK, there's the shorts.
39:43
For those of you who asked. Yes, orange shorts.
39:45
Anyway. We're in a new environment.
39:50
We sat down here, check us, check us new people.
39:54
We've been talking about this since December.
39:56
New environment for silver and gold.
39:59
Where things I have completely changed and we're going to have
40:02
to get. Used to something.
40:04
And of precious metals investors, we're going to have
40:07
to get used to winning. Are you ready to win right?
40:10
Can you handle success? I'm going to ask you that
40:13
because some people can't, right.
40:15
Some people can't. Yes, we can handle it.
40:18
We can do it. You know, I was talking to the
40:21
CEO of. One of the major mining
40:23
companies back in December and he was like let's go 2024, I'll
40:28
just, I'll just say who it was. It was Dan Welton from First
40:31
Mining Gold and he said. 2024, you know we deserve good things,
40:36
right? It's going to be a good year.
40:38
And it didn't start out, guys. January and February at the
40:41
beginning of this year were difficult.
40:43
But we are in a new environment. Everything has changed.
40:46
All these the reactions of the metals to all these all these
40:50
long standing BS. That's what it was, a bunch of
40:54
BS. Oh, the dollar goes up, gold
40:56
goes down, the dollar goes up, silver goes down.
40:59
The interest rates this no, everybody's gold.
41:03
Gold and silver are your friends.
41:06
You're your own central bank. But you know what?
41:08
You got the smartest. Friends in the world, yeah.
41:12
Right. You know that.
41:13
And you're darn smart. I'm going to pay you a
41:15
compliment, right? You're ahead of the curve.
41:18
You look around the corner and then you look around the next
41:21
corner to see what's coming. And you likely made a smart,
41:25
smart decision to invest in precious metals, right?
41:30
Because everything else is falling apart.
41:33
Everything. Unfortunately, I don't like it.
41:36
I don't want it. I wish 1971.
41:38
I was one year old. I wish that Nixon had kept us on
41:40
the gold standard. We'd have a completely different
41:43
world right now. Right.
41:45
It'd be a lot better Place middle America.
41:48
Average folks. Average folks like you and me
41:52
Are you average? I'm average.
41:54
Exceptional. You're exceptional.
41:56
I'm exceptional. But we're normal.
41:57
People would be in. Much, much, much better shape.
42:02
Anyway, I don't know. I gotta ring the gong.
42:05
Let's ring the gong. Where's the gong?
42:10
OK, I can't. Oh, there's the gong.
42:14
It's on. Top of Andy Scheckman's Jenga
42:16
board. Andy.
42:17
Scheckman likes to use that Jenga here.
42:20
Here, right, Right, Andy. Scheckman likes to talk about
42:23
Jenga. I haven't heard him talk about
42:25
it for a while. But that and that's what's going
42:27
on. This is the US.
42:29
This is the world in the US economy.
42:32
See this is it right here? Sorry, this is.
42:35
What's happening? Right.
42:37
It's like Jenga, like everything's fine, everything's
42:39
fine. You keep pulling the piece out,
42:41
pulling the piece out, and then all of a sudden one little thing
42:44
happens and baboom, it all falls apart.
42:48
Right, Hello. Andy.
42:51
A. Friend of Ron's basement.
42:54
Anyway, let's ring the gong. We got 300 thumbs up and then
42:57
let's talk about. Doom and gloom and did you get
43:00
ripped off? Did you?
43:09
All right, nothing that. What else?
43:13
We got back there. Here you want.
43:16
Some Monopoly money, right you. Know Unicorn?
43:19
Fart dust? I haven't said that yet today.
43:21
Are you happy now? Oh.
43:30
Oh, OK. Hold on, Susie.
43:31
Susie just pointed something out to me.
43:34
What the heck? What's going?
43:36
On here today. Oh, here we go.
43:39
Old Dirty Bastard Garage. Thank.
43:43
You for the Super Chat. Guys.
43:45
You're an elite company. We've got the guy with the best
43:47
username on all of YouTube. I call him ODBG Old Dirty
43:51
Bastard Garage. Thank you.
43:52
Wow. Jim man.
43:55
Gone. Gone.
43:56
Gone. Yes.
43:57
Man, super generous my friend. I really appreciate that.
44:00
It does go a long way to help support the channel, right?
44:03
That's that's why we're here, to help support each other.
44:06
So thank. You Wow.
44:08
Wow, did you get ripped off? Did.
44:11
You get ripped off. Hold.
44:14
On Yes, maybe you did. Maybe you did.
44:18
OK. Wall.
44:19
Street, have you noticed this? Wall Street is partying,
44:24
partying away, having a great time while Main Street average
44:28
Americans are suffering. We touched on this earlier,
44:31
luckily. For you, you are wealthy.
44:33
You're part of the one or two percent that owns physical
44:36
metals, right? But.
44:38
But hold on here. Here we go.
44:41
Hopefully you guys can still see me and hear me.
44:44
Wall Street's partying, right? The rich are rich.
44:47
Look, this is crazy. Hold on.
44:50
Look at this. Inflation.
44:52
Inflation. Where is it?
44:54
That's it. That's not it.
44:56
I'm finding it. Is that it?
44:59
Yeah. Here we go.
45:03
Let's make this. So you can see it a little
45:04
better. Keith.
45:08
McCulloch says Say it Inflation is benign.
45:13
OK, look at these prices. These are one day changes.
45:17
Orange juice. Do you drink orange juice?
45:19
Well, it went up 5% yesterday. Cocoa 2 1/2%.
45:23
Palm oil, rubber, potatoes, coffee, wheat.
45:26
The point here, guys, is that the average American.
45:32
Is getting ripped off by inflation because we're at all
45:36
time highs on Wall Street, right?
45:38
You paper. It's all Unicorn funny money.
45:41
Make believe Unicorn fart desk, but none the less for now, For
45:46
now. How does this make you feel for
45:48
now, For the time being, right? They can use that paper money.
45:53
They can use that Unicorn fart desk to buy stuff, to go on
45:56
vacations, to buy houses, that maybe some guy who works his
46:00
tail off every day framing houses or putting roofs on or
46:04
whatever is doing good hard work.
46:07
That these guys on Wall Street are like, well, look, My
46:09
Portfolio went up. They don't call it.
46:12
This is what's key. This is what could make you very
46:14
angry. They don't call it inflation.
46:17
They don't call it, you know, orange juice up 5%.
46:20
No, what the rich people call it.
46:23
Well, Main Street is suffering and struggling.
46:27
They call it a bull. Market it's a bull market.
46:30
It's inflation. In the stock market, it's
46:33
because of money printing. And it's all going to come to a
46:36
very. Very, very, very.
46:40
Bad. End right.
46:42
And we're seeing it now. AMC GameStop is happening again.
46:47
What we're what we're keeping an eye on is the Silver Squeeze
46:51
'cause remember last time the AMC GameStop?
46:53
Little Fur went on. And then the Silver Squeeze
46:56
emerged and we're hearing more and more about the.
46:58
Silver Squeeze. I'll touch on that more later.
47:00
I'm not done explaining to you why you got ripped up.
47:04
The top 1%. The top 2%.
47:06
They're doing great. OK, what about normal?
47:10
Every, every. People can't buy houses.
47:13
The residential real estate market is preparing for a bad,
47:16
bad turn. Bald guy money.
47:18
Wow, I'm glad I thought of that. Brought up a great point.
47:21
He's he's keeping an eye on the relationship between silver and
47:27
gold and the residential real estate market.
47:30
And silver and gold are have been way outperforming, I
47:33
believe, he said for the last two years, the residential real
47:36
estate market. And he even pointed out that now
47:39
we're starting to see real problems, and I'm sorry for
47:43
those. Of you that live in the South or
47:45
in Florida, in those regions in the United States, real tangible
47:48
signs I showed you yesterday, Are you getting these?
47:52
I get somehow you know you. Sign up.
47:54
I don't know how these people, they get your e-mail address and
47:57
you get all these updates on a bunch of stuff you don't want.
48:00
And if you're anything like me, you're too lazy to find out.
48:02
And they make it hard to find where you press unsubscribe.
48:06
Why get these? We're getting them every day.
48:08
Now these. Messages that are saying price
48:12
drop a home in your neighborhood is is for sale.
48:15
The price has dropped by 20,001 more.
48:20
Time, OK. Thank you, Susie, my lovely wife
48:24
Susie, who I'm very appreciative for.
48:26
On many levels, anyway. The.
48:28
Real estate prices. This is Saint Louis and Saint
48:31
Louis is like we didn't have a boom.
48:34
Well, we did, but not a boom like they had in California or
48:38
Florida, right. And we're getting these
48:40
messages, real estate prices down.
48:43
So anyway, bald guy says that to him is a sign that there's
48:46
something big going on, right? That the value of metals, we
48:49
talk about this. OK, you have gold, you have
48:51
silver, right? Think about it in real terms.
48:55
Compare the value of your gold and silver to other real assets.
49:00
I know I'm guilty. You're you are too bad.
49:04
You bad me. We always look at the price and
49:06
that's what Susie has said. Check the silver and gold price.
49:09
But what we really, really want to do is compare the value of Oz
49:14
of silver and gold to other real things.
49:16
Real estate, oil, wheat, orange juice, whatever.
49:20
OK, you see how orange juice went up 4%?
49:23
Well, guess what? OK, also the value of silver
49:28
went up 4%. I wonder if there's any any if
49:31
that's just pure coincidence nonetheless.
49:34
I digress. Things are bad out there.
49:38
OK. Go talk to somebody.
49:40
Thank you. Travels and conversations.
49:42
Silver in India. Oh, thank you.
49:45
This is interesting. Whoa.
49:48
News flash, thank you for the Super chat, but thank you for
49:51
that information. Silver in India near me is out
49:55
of stock in shops. Guys, it's a worldwide.
49:59
Silver squeeze. Silver squeeze.
50:04
Yes, they deserve it. There's massive amounts of
50:08
massive, massive amounts of paper shorts on the paper
50:13
markets. There's.
50:15
No, no, no silver in the shops in India.
50:17
I talked to coin shop Chris yesterday, right?
50:19
People are buying silver, People are buying silver.
50:24
Woof. Because the economy sucks.
50:27
I didn't. Say that sorry stinks.
50:30
OK, McDonald's is having trouble.
50:34
McDonald's, right. The dollar store is having well,
50:37
dollar 25 store is having trouble.
50:40
The. Biggest one to me, OK, nobody
50:43
take this personally. Do you like Red Lobster?
50:46
Yes or no? The big RL.
50:48
Susie and I used to go to Red Lobster before we had kids 15
50:51
years ago, probably once a month.
50:54
We called it the Big RL, OK? And we had, we had so romantic.
50:58
I was. I was always, you know, whisker
51:00
off her feet. And so I'm going to take you,
51:01
honey, to the big Red Lobster. Red Lobsters, excuse me, are
51:06
closing down. OK.
51:08
I got news for you, right? I'm an average guy.
51:11
Susie's much classier than I am. I'm a I'm AI grew up very middle
51:15
class. Very.
51:17
My mom and dad were hard, are hard working, we're hard
51:20
working. Wonderful people.
51:22
I was grew up in the middle of middle class.
51:24
OK, Red Lobster is like a special treat.
51:29
Rich people, let me just put it this way.
51:30
Rich people don't go to Red Lobster.
51:33
OK? Middle class people go to Red
51:35
Lobster when they want a special treat.
51:37
They want to get that all. You can eat Walt's shrimp or
51:40
they want to get what? Those Cheddar Bay biscuits?
51:43
And that endless salad, right? And a little tiny bit of crappy
51:47
seafood, cause Red Lobster went down the drain.
51:49
I I boycotted it. Last time I went.
51:52
To Well, I won't get into that, but I had a bad experience last
51:54
time I went to Red Lobster in Kansas City a couple years ago.
51:58
I'll leave it at that, none the less the fact that Red Lobster's
52:01
shutting its doors. Right.
52:03
All those lobsters. All those lobsters out in the
52:09
ocean are like, yeah, baby, we're free.
52:11
They aren't going to be plucking us up to put us in those torture
52:14
tanks in the lobby or Red Lobster so middle class people
52:18
can pick us out and eat us. Yeah, we're free.
52:21
Save. The lobsters.
52:23
Anyway, I digress the fact that Red Lobster's closing is a
52:27
horrible sign for the United States economy.
52:30
I promise I'll never talk about Red Lobster again during a live
52:34
stream, but it really is. And it's a sad right?
52:36
Because that's a special treat if you're a guy making 80 KA
52:39
year, raising a family of three and it's Saturday and you're
52:43
like, you know what, we're going to go to Red Lobster, right?
52:46
No. Now if you're that guy, you're
52:49
like, you know what? Oh, OK, few more likes and I'll
52:56
blow that aren't trained with whistle that we got from Don the
52:59
brain, my friend Don the Brain. It's been a wonderful, great
53:02
help. Anyway, people aren't doing it
53:05
now, instead of saying, hey honey, let's go to Red Lobster,
53:07
you know what he's saying? He's saying, hey honey, I think
53:10
the vans out of gas. I think I'm going to go fill up
53:13
half a tank because that's all we can afford, right?
53:16
The Red Lobster money gone and so is Red Lobster and we are
53:20
heading into a whore. OK.
53:25
Thank. You Susie.
53:28
She's been very active on her walkie-talkie.
53:30
Everybody say hi to Susie and thank.
53:31
You to all the moderators, everybody say hi to Susie,
53:35
Susie, Susie. Say hi to everybody please with
53:38
your real nice voice. Thank.
53:51
You the what did you? Sounds like you said penis
53:54
teacher. Oh, Peanuts teacher.
53:59
Is that what you said? All right.
54:06
We love you. Thank you.
54:08
I have a new chair for Susie here, in case you guys didn't
54:11
notice that put her back. There she is.
54:14
OK. She's safe and sound.
54:17
Best woman in the world. Susie is awesome, OK?
54:20
She's going to get very mad at me for saying the Susie.
54:22
Silver Susie. She's become a big silver fan.
54:26
And yes, Susie, I will check the price of silver before we get
54:28
off big part of the channel. So are all the moderators.
54:32
So thank you for all the moderators.
54:34
Oh, here we. Go.
54:35
Here we go. This is the grand.
54:37
Finale The moment you've all been waiting for.
54:40
The US economy's Main St. suffering.
54:44
OK. We're all suffering, right?
54:45
Takes 40% more dollars Unicorn fart dust just to live Wall
54:51
Street's partying. OK, if you.
54:53
Know anybody who's part of that 1%?
54:55
They're like, Oh yeah, we're going on a.
54:56
Cruise and, oh, we're going to go here, You know, everything's
55:00
awesome. Everything's, you know, guess
55:04
what's happening? We're going to, it's going to
55:05
bomb out in the next six months and I'm going to tell you why.
55:08
Very easy. Imagine we're playing poker.
55:11
You come over here to the basement and we'll play poker
55:13
with me. You're probably going to take my
55:14
money because I never really played a lot of poker.
55:16
I used to play a lot of craps. But I'll tell that story some
55:19
other time anyway. We're playing poker.
55:21
There's ten of us. OK.
55:24
Nine of you or 80, you guys show up.
55:26
So we're all here and everybody's like, yeah, I
55:28
brought, you know, $200, I brought 2250, I bought three.
55:31
We all bought, brought around somewhere around $200 each that
55:34
we're going to play poker with. We're like, well, that's two
55:37
grand. My buddy Eddie shows.
55:41
Up he comes down and he's got a big briefcase.
55:44
He opens it up and he's got like.
55:46
Like. 150 Grand Cash. He's like.
55:49
This is my poker money, right? We're like, wait a minute.
55:52
This isn't a game. And that's exactly what's going
55:55
on right now in the US economy. You got one guy who's got all
55:59
the money and you got nine other guys or gals that have, like, no
56:03
money, OK? And eventually what those nine
56:06
guys and gals say is, hey, you know what?
56:09
We're not going to play anymore. We're done.
56:11
This is a bunch of BS, right? That's what I would do if I
56:15
showed up at your house to play poker and one of your friends
56:17
showed up. I had 200 bucks and he had 20
56:19
grand or 200 grand to play with. I'm like, this isn't going to
56:22
work. I'm done.
56:23
Bye, bye. You know, I'm going to go do a
56:25
live stream, talk to my friends in the basement.
56:28
It's crazy what's going on. Let's go take.
56:30
A look quickly. Susie wants us to take a look at
56:33
the silver price. OK, I need to update it.
56:37
This is not updated. All right, Here we go guys.
56:39
On the count of 3123. Oh my gosh.
56:46
Thank you. Thank you.
56:49
Damn. Whoa, what do we say?
56:54
Silver's up $1.13 per oz now, remember?
57:00
OK. All right, I was going.
57:03
To turn Susie off, but we'll leave her turned on.
57:05
Remember something about this guys?
57:07
Right now? That's a big move, right $30.30?
57:13
It's like 3%. Roughly.
57:15
OK. If we get to, let's say $70.00
57:19
an ounce and we have a 3% move, that number will be more like
57:23
$2.10 up, OK, the higher this number gets.
57:30
The lower the percentage has to be for it to be a much higher
57:34
dollar amount. Well, look at gold 2414 dollars.
57:39
Wowzer. Wowzer.
57:41
Man, that's crazy. Susie, let me know.
57:43
When we get to 4. 100 thumbs up and I'm going to ring the train
57:46
whistle. This is an unbelievable day.
57:48
We've got almost 1000 people. The the news is getting out 10s
57:53
of thousands of people watch these live streams.
57:55
So thank you guys. It is really, really awesome.
57:59
What is going on right now. I can't, cannot believe what is
58:03
happening. Why precious metals?
58:11
OK, just to review, besides the fact that we're having a banner
58:14
day in the markets, OK, we have massive debt to GDP levels.
58:19
As a matter of fact, basically no country has ever escaped a
58:23
situation like we're in right now without their currency
58:27
completely blowing up. What does that mean to you when
58:30
a currency blows up? Ask somebody from Venezuela,
58:34
right. You know Mama, my friend from
58:35
Venezuela, when? OK, I'll do the.
58:39
Train whistle in one second when the currency blows up.
58:42
OK, talk to somebody in Argentina.
58:44
I got a buddy that lived in Argentina for 10 years when.
58:47
The. Currency blows up, right?
58:49
The value and the price. But we don't really care about
58:52
the price, because at that point, I don't really care how
58:55
much an ounce of silver cost in Unicorn fart dust paper.
58:58
Worthless dollars. OK, every.
59:01
Time a country. 'S been in this position, the
59:03
currency has blown up. OK, total.
59:06
Global debt, it's not just the United States, right.
59:10
We talk about that from the demand perspective for.
59:12
So it's the whole world has this debt.
59:14
OK. the United States is adding $1 trillion.
59:19
A trillion is 1,000,000 * 1,000,000 every 100 days.
59:23
And the scary. Part.
59:25
You ready for the scary part? Huh.
59:27
This is. PG13, right?
59:30
PG13, The scary part? It's accelerating.
59:34
That is called a debt. Spiral, let me just quickly give
59:40
you an example that would mean if you and your spouse or you
59:43
whatever, went out and racked up a big mortgage, big car
59:47
payments, big student loan payments, big credit card
59:49
payments, all this debt. And it got.
59:52
To the point where the interest that was being charged on the
59:55
debt, you couldn't pay it with the amount of money you earn.
59:58
So the interest got loaded back into the debt and it's a spiral.
1:00:03
That's what our that's what our elected leaders have provided
1:00:06
you, your children and grandchildren with right here in
1:00:10
the United States. Why silver and gold, OK, when
1:00:14
rates come down and they're going to come down.
1:00:17
Right. That's when inflation really
1:00:19
goes through the roof. We still have inflation.
1:00:21
Remember that slide, orange juice, wheat.
1:00:24
Everything else is going up. OK.
1:00:26
And precious metal, huh? Oh, I.
1:00:31
Will, I'll do the train whistle. I heard you precious metals will
1:00:36
absolutely go through the roof. All right, guys, let's do the
1:00:38
train whistle today. Just so you guys know, I had no
1:00:43
idea you're going to learn something interesting.
1:00:46
And let's say thank you to our other channel sponsor, Fortuna
1:00:48
Silver, silver gold miner operations in Latin America and
1:00:52
West Africa. The company's doing awesome, led
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by what I think is one of the best CE OS of a producing mining
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company in the world, Jorge Canoza.
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You can learn more about them at fortunasilver.com.
1:01:04
And I mentioned first mining gold, Dan Wilton, their CEO.
1:01:08
Also I think the best CEO in the development stage sector of gold
1:01:14
mining, multi to multi million ounce projects gold in the
1:01:17
ground in Canada. Learn more about them at
1:01:19
firstmininggold.com. But I'm going to learn you.
1:01:23
I hate when people say that I'm going to learn you.
1:01:26
This is interesting. This whistle that Don sent me?
1:01:30
Yeah, you can see it. I didn't.
1:01:32
Realize. This train whistles had
1:01:34
different symbol like different meanings.
1:01:36
So today. We're going.
1:01:38
To do, we're going to do. The train is backing up.
1:01:48
That's three blows of the whistle.
1:01:50
Hopefully no train conductors hurt us anywhere.
1:01:52
I'm really blowing that whistle for you guys.
1:01:56
Thank you for being here. Have a great day.
1:01:59
OK. Thank you, thank you, thank you.
1:02:01
Let's hope for a strong look. If Silver just stays where it is
1:02:05
right now, we'll be thumbs up. Happy, right?
1:02:08
I'm thumbs up. Happy for you.
1:02:09
If you haven't given this video a thumbs up, please do that now.
1:02:12
Don't forget, you can subscribe to the channel anytime.
1:02:16
It's free. Turn on the bell notifications.
1:02:19
Thank you for the Super chats. Thank you to Susie.
1:02:21
Thank you to you. OK.
1:02:23
Thank you to the moderators that were here.
1:02:26
All right. And we're in for a fun, fun
1:02:29
ride. OK?
1:02:30
And I'm glad I'm getting to do it with you.
1:02:31
Bye. Bye.