Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 💰 The $72 Silver Pivot: France, China, and the Secret Settlement Killing the Dollar (Gold Price)
Transcript
- 0:00$72 silver pivot, I am super excited to share this with you
- 0:06today. We got a lot going on.
- 0:07We're going to talk about $72 silver, why that's so important.
- 0:12But even more important, some big factors that I apologize to
- 0:16you, we've not talked about lately, but a confluence, a
- 0:20coming together of factors that are going to be massive big news
- 0:24for us not just in the coming months, but the coming quarters,
- 0:28years and decade together down here in the basement.
- 0:31Us together, basement dwellers. Thank you for being here.
- 0:34Please give the video a thumbs up, press the subscribe button.
- 0:39That's free. Leave a comment in the comments
- 0:41section. But let's first talk about the
- 0:43noise. We've been talking a lot lately
- 0:45how this is a noise driven market, a headline driven
- 0:49market, and I think we've got some good news today in the
- 0:52silver market. But let's talk about why.
- 0:54Then we'll talk about $72 silver.
- 0:57Then we'll talk about this big factor.
- 0:59Wow, we are up. Am I on the right screen?
- 1:02I think I am. Hold on one second here, guys.
- 1:06Yep, we're on the right screen. We're at $2.00 and silver on the
- 1:09spot market. That is awesome.
- 1:11Now let's talk about why this is happening.
- 1:14The noise of the day, which is this right here from Zero Hedge
- 1:19More Iran truce optimism. Apparently Israel is going to
- 1:25open ceasefire negotiations with Lebanon after Trump pressures
- 1:29Netanyahu the oil price drop. So of course, yesterday there
- 1:33was this quote UN quote truce, right?
- 1:35Or something that both sides were able to claim victory on,
- 1:39that made the markets go up, that made gold and silver go up.
- 1:43But then Israel was still bombing Lebanon.
- 1:45So Iran said, from what I understand, we're not going to
- 1:48let the Straits of Hormuz open. But now apparently Israel is
- 1:53going to have truce negotiations with Lebanon.
- 1:56All I can say is this. Two things when it comes to the
- 1:59silver and gold price and what's going on in the world.
- 2:03Number one, we are in a very delicate, fragile situation in
- 2:08the Middle East still right now #2 the noise will drive the
- 2:13price temporarily. Volatility.
- 2:15They'll be big green days. They'll big, big, big red days,
- 2:19which we don't like, but we got to be ready for that.
- 2:22We're going to look at the big picture now.
- 2:24Let's move on to two very important big picture reasons
- 2:28why we can be excited about silver.
- 2:30The first one has to do with the chart, and I'm telling you, I'm
- 2:34going to go out. I went out on a limb last year,
- 2:37right, and made bold predictions about the price of silver, which
- 2:40pretty much all came true. I'm going to tell you something
- 2:43right now. I believe that if we continue
- 2:47even for another week or two or month or two with this silver
- 2:52price is creating a massive bottom consolidation zone,
- 2:57whatever the heck you want to call it.
- 2:59At around 72 dollars, $72 is the line in the sand for silver for
- 3:05us basement dwellers here. If we keep that, which I think
- 3:09we will, right, even if we get to 70, that's OK.
- 3:13I think the rest of the year we could see what Michael Oliver's
- 3:16talking about, 203 hundred $500 silver.
- 3:21But the next two weeks to two months are going to be critical.
- 3:25I'll show you why. Let's go look at the chart and
- 3:28we'll go out to CNBC for this one.
- 3:31This is a six month chart of the May 2026 futures contract.
- 3:38Look, just just just first look at that chart and do you notice
- 3:42something? OK, here's what I want to point
- 3:45out. I see a big area of support
- 3:51right here, right in this area, right, which is right around
- 3:56let's say 7068 to $80. Now we can be all fancy like
- 4:01everybody else, and you can probably see it on this chart as
- 4:04well as I can. One thing I saw was from that
- 4:06big peak, right, if you draw a trend line down, we have
- 4:11definitely shoot, hold on a second, let me go back here.
- 4:15There's the trend line down. I'm sorry, right there, right,
- 4:19See the peaks right here it touched the trend line right
- 4:24here it touched the trend line right here it touched the trend
- 4:27line, but right here, right, I'll circle it so you can see
- 4:32it. We have definitely broken out
- 4:35above that trend line. Now we know there's also hold
- 4:40on, get rid of this circles all kinds of like wedges that have
- 4:45been formed in the silver price. You know, we, we do basic
- 4:50charting down here again, we're we're breaking out.
- 4:53We're breaking out even if guys, it's OK, I'm telling you, even
- 4:57if we just stick around the 70 to $75.00 range for the next
- 5:03couple weeks or couple months, we have built this unbelievable
- 5:08foundation, right? Because all the people, anybody,
- 5:12anybody, anybody who's maybe wanted to sell their silver,
- 5:16it's 70 or $75 isn't a true believer in the future of
- 5:21silver. I mean, hey, look, you know,
- 5:24there's some people they have carbon monoxide leaks in their
- 5:26house, whatever or the other 99% of people in the United States.
- 5:32All the people, the point, this is very important.
- 5:35All the people who wanted to sell their silver at the $70
- 5:39range are selling the non believers, the new people coming
- 5:43in and there's a lot of new people that are coming into
- 5:46silver. They have conviction, they have
- 5:49belief, they have the education to know that silver is very
- 5:54likely. Remember, I'm not a financial
- 5:56advisor. Please always be responsible.
- 5:59But silver, according to the the fans basement analyst team is
- 6:05very likely to go much, much higher.
- 6:07So remember that number 72 dollars silver.
- 6:11Look, if we get into the mid 60s, I'll, I'll readdress
- 6:14things. But for now, I think we're
- 6:16sitting pretty. Nothing's out of the question,
- 6:19right? So over in the 60, even high 50
- 6:22range, it's almost impossible to think of silver having a price
- 6:26that starts with the number 4, again, unless we're talking
- 6:31about 400 silver. But there's also a great
- 6:35possibility that we could see what a lot of these other
- 6:38analysts, Rashad, Michael Oliver are talking about the potential
- 6:42like in the matter of months of us having much, much higher
- 6:46silver. OK, now one more Quicksilver
- 6:49thing. Then we're going to go to
- 6:50another major reason why we have massive wind in our sails when
- 6:55it comes to these precious metals.
- 6:56But let's just quickly review this because it always infuriate
- 7:01infurior rates us. Yesterday the silver market
- 7:05traded 404,000,000 paper ounces of silver.
- 7:11Thank you dude, the dude for your daily update on that 400
- 7:16million ounces of paper Make believe, right, huh.
- 7:20Fantasyland, fantasy island, deplane, deplane.
- 7:24The silver. Hey boss, there's some fantasy.
- 7:26Look, 400 million ounces in one day of paper.
- 7:31Electronic silver is the equivalent of half of what the
- 7:36entire world's mining think about that the entire world's
- 7:40mining district or industry produces in one year.
- 7:45These are people working in in difficult situations
- 7:49underground, right toiling seven days a week, 365 days a year in
- 7:56the COMEX in the LBMA that are open like five days a week for
- 8:00six hours each and they get a boatload of holidays on top of
- 8:04that so they can continue to manipulate the price down anyway
- 8:08in one day. They trade the equivalent of it
- 8:12shows you the massive disconnect between the paper make believe
- 8:16market and the real physical market.
- 8:20Oh, by the way, I forgot to tell you guys see that right there I
- 8:23got a package to open later from first meant yeah, that first
- 8:27meant or that first meant and I'm I've not opened it honest
- 8:30engine. I'm going to RIP the seal off
- 8:32right here. Excited, we're going to see, I
- 8:34think there might be a really cool piece of silver in there.
- 8:37I have a notion, but we'll find out.
- 8:40OK, on that note, next we are going to talk about, I apologize
- 8:46to you, I've not been talking about this enough, but one of
- 8:49the biggest macro exciting and I've got a piece that we're
- 8:53going to go through that's like, I can't think of the right word
- 8:56for it, but silver and gold utopia, that's a good word I'm
- 9:00telling. It's really, really interesting.
- 9:02Before I do that, I do want to quickly say thank you to channel
- 9:07sponsor Brixton Metals. Here's a chart that shows there
- 9:11are four projects. They're a metals exploration
- 9:14company. They got 4 projects, all in
- 9:17North America and Canada. And of course, our channel
- 9:21sponsor first mining gold, right?
- 9:24They have two major development stage projects, Spring Pole in
- 9:28Ontario, in Duparque, located in Quebec.
- 9:31And seriously, guys, they each of these projects have millions
- 9:35of Oz of gold in the ground and they're working through the
- 9:39development stage. OK, buckle up everybody, because
- 9:43we're going to talk about something that's massive for
- 9:46gold and silver and something we've not talked about.
- 9:49Used to be used to be two years ago, the hottest topic in the
- 9:54world of gold and silver. And the big thing is it hasn't
- 9:57gone anywhere. If anything, it's become more
- 10:01severe. And then we got to talk about
- 10:03France and then we got to talk about the Petro dollar.
- 10:06It's super interesting, but this guy's has to do.
- 10:09Without further ado about. Hold on here.
- 10:14Why did I lose it? Hold on.
- 10:17Hold on. Yep, here it is.
- 10:19Sorry. From our friend Ernest Hoffman
- 10:24at Kit Kit Co. You don't see me.
- 10:29Oh, we're all back. OK, everybody say hi to
- 10:31upstairs. Susie, there's.
- 10:33We have a slight delay. OK.
- 10:34Ernest Hoffman, this is big guys.
- 10:38This in this article I've got like 10 things.
- 10:40All of them are like truth bombs about what's happening with gold
- 10:44and silver right now. The shift from dollar reserves
- 10:47to gold is not a prediction but a trend.
- 10:51And the bricks right? Brazil, Russia, India, China,
- 10:54South Africa plus of the BRICS plus cuz there's other countries
- 10:58now demand could drive the whole gold market and silver market.
- 11:03That's according to EBC. OK in red, BRICS nations now
- 11:07hold 17.4% of global gold reserves, up from just 11% in
- 11:142019 what 6 years ago? While the dollar share of global
- 11:20reserves fell to its lowest level.
- 11:22I didn't know this since 1994. People are ditching the dollar
- 11:27in purple, Harris, who's their analyst, wrote.
- 11:31That central banks bought more gold in the past three years
- 11:35that it that then at any point in modern history and and the
- 11:43concentration of bullion amongst the BRICS countries members
- 11:47reserves is skyrocketing. He noted that central banks
- 11:51bought more than the total annual mine production of
- 11:55several mid sized gold producing countries in 2025.
- 12:01He says quote to quote Mr. Harris, this is not speculative
- 12:05demand, it is policy, right? The buying has been 1
- 12:10directional and price insensitive, meaning the buying
- 12:15is just buying. There's no selling essentially.
- 12:17Well, very little, but there was a little bit.
- 12:19But anyway. And price insensitive, meaning
- 12:22sovereign purchasers absorb supply regardless of whether the
- 12:27gold trades at 4000 or $5000 per oz.
- 12:33And wait, there's more. The member states of the
- 12:37so-called bricks, originally that's Brazil, Russia, India,
- 12:41China and South Africa, with later editions of now Egypt,
- 12:46Ethiopia and Ethiopia is actually like a strong
- 12:50developing country. It's very interesting.
- 12:52Iran and the United Arab Emirates, wait a minute, I
- 12:58thought they were battle any anyway are among the global
- 13:01leaders in gold acquisition. BRICS nations now hold over 6000
- 13:09tons of gold. Guys, that is not very far below
- 13:13where the United States sits at 8000.
- 13:16OK, there are 75% of the way to holding as much gold as the
- 13:20United States that that represents 17% of total global
- 13:25central bank reserves. We already said had that since
- 13:282019. The turning point that made this
- 13:32happen was in 2022 when the United States and its allies
- 13:36froze roughly 300 billion. Remember that.
- 13:39Like we haven't talked about the bricks.
- 13:40This is huge guys in foreign exchange reserves following the
- 13:44invasion of Ukraine. Ukraine.
- 13:51The IMF Cofer data shows the dollars the dollar share fell
- 13:55from 71% in 1999 to roughly 57% by the end of 2025, its lowest
- 14:06reading since 2019. 94 What they're referring to there is
- 14:10the dollar as a percentage of the world's reserve currency.
- 14:17OK, drop from 71% all the way down to 57% and one more, two
- 14:22more. This is that in green gold is
- 14:26trading near 4600 per oz as of early April, having surged over
- 14:3260% in 2025 alone. Harris said the rally has pushed
- 14:37forecast. Oh, this is great.
- 14:38Are you ready for this? These are the forecast from the
- 14:40big boys, sharply higher. Deutsche Bank targets $6000, JP
- 14:47Morgan targeting 6300, Goldman Sachs at 5400, and Societe Rico
- 14:55Generale, which I think is French.
- 14:58I went to Paris soon as he gets tired of me saying I loved
- 15:01Paris. It was awesome.
- 15:02Anyway, calling for $6000 Conservative.
- 15:07OK. All right.
- 15:08One more. So those are the big guys.
- 15:10What is that telling us? Those are the big, big banks,
- 15:13the big, biggest banks in the world, institutional flows.
- 15:17So this is outside of what we're getting from the big bricks.
- 15:21Central banks are also serving to reinforce central bank
- 15:24demand. Gold ETF inflows accelerated in
- 15:282025. China's insurance sector has
- 15:31been allocated pilot positions and gold, that's huge.
- 15:35This bricks thing and what is going on with the world right
- 15:38now is massive guys. And then you have China and
- 15:43again these, there's so much going on.
- 15:44We can't cover all this, but their insurance industry is now
- 15:48being allowed to buy precious metals when sovereign.
- 15:52This is what Harris says. When sovereign, institutional
- 15:57and retail buyers all move in the same direction
- 16:01simultaneously, the supply demand picture tightens in ways
- 16:06that standard price models failed to capture.
- 16:10That means we are off the bucks, all right.
- 16:12One last thing from Harris. He says gold at $4660 reflects
- 16:18that reality, and the forecast above 5000 reflect where the
- 16:23market thinks it will go next. So I could spend the next 10
- 16:29minutes rehashing everything he just said.
- 16:31But isn't it crystal clear we got to remember something about
- 16:35gold, something critical about silver as well.
- 16:38They aren't just a market in the United States of America, right?
- 16:43I live here in St. Louis, MO, in Missouri.
- 16:45No. Gold and silver are worldwide
- 16:49markets. Everywhere, anywhere.
- 16:52Take a globe, close your eyes, spin the globe.
- 16:55Stop the globe with your finger. Wherever your little finger
- 16:58lands, gold and silver are valuable.
- 17:03Not like, like, like North Korean currency is not valuable
- 17:07here in Saint Louis, right? U.S. dollars, probably not my
- 17:11U.S. dollars, the most universally accepted currency,
- 17:14but officially not accepted in North Korea, right?
- 17:18You can't go buy a a bowl of rice in North Korea with a paper
- 17:22dollar. They'll say no, no rice for you,
- 17:25right? But on top of that, quickly, I
- 17:29just want to remind you something very news flash, very
- 17:32important. Not only is our gold and silver
- 17:34valuable everywhere, but they have been valuable for all time,
- 17:38essentially, right? You're and you and I, I want to
- 17:41congratulate you because we're related.
- 17:45They say if you go back like, I don't know, 200 layers on a
- 17:50family tree, we're pretty much all related.
- 17:53That guy 200 are great, great, great, great, great, great,
- 17:56great, great, great, great, great, great, great, great,
- 17:58great, great, great great grandpa, if he had this oh
- 18:04shoot, where'd it go oh, I got it hidden.
- 18:06I forgot where it is now. I remember it is if he had this
- 18:08ounce of silver and passed it down for those thousands of
- 18:12years right, it would still be as valuable to me and you today
- 18:16as it was back then anyway, gold and silver always everywhere.
- 18:20The world is waking up the bricks thing is still in play,
- 18:25obviously right and it's kind of not getting the highlight 'cause
- 18:28we got a war going on and everything else.
- 18:30All that guy that's a a major massive force that will continue
- 18:34to provide support absolutely to the gold and silver price Okay,
- 18:40all right let's talk about France and then we're going to
- 18:43open this package. It's going to be a lot of fun
- 18:45here we go Oh wait a minute no here.
- 18:47What about what about gold being used to settle?
- 18:51Hold on here. We're going to watch a little
- 18:54video from Vince Lancey the man, OK?
- 18:57Because on top of that, more proof gold and people are
- 19:00saying, a lot of people I'm hearing now are saying that
- 19:03we're settling our part of our trade deficit with China with
- 19:07gold, right? Meaning China ships a bunch of
- 19:11stuff over here, not cars and not things like that because we
- 19:14can't compete with them, but they ship a bunch of stuff that
- 19:17you get at the Dollar Tree and Walmart, right?
- 19:20We send them dollars, but there's there's not the
- 19:23speculation is that now there's also some gold.
- 19:26Let's listen to what Vince Lancey has to say about that.
- 19:29Very interesting. If you don't look at all this
- 19:32money, you look at it as a good well, we're selling them gold
- 19:36now. Who would want gold in such
- 19:40large quantities? Is there a rush on jewelry?
- 19:43Are there a lot of guido's in South Philly where I grew up
- 19:46looking for chains lately? No, it's not happening that way.
- 19:50They want the gold because they want the gold.
- 19:52They need the gold. So for one reason or another, in
- 19:56my most paranoid tinfoil hat moment, I think the US is
- 19:59settling a portion of its debt or deficit trade deficit with
- 20:04China using gold now. I think China wants the gold.
- 20:08Wow, OK, thank you, Vince. And we love you in your tinfoil
- 20:12hat moments, because most all of those tinfoil hat moments have
- 20:17proven to come true in a lot of different ways.
- 20:19But wait, there's more. Because now we're going to go to
- 20:22France, right? China, the bricks, France.
- 20:24Let's see what France is doing. Does France want their gold?
- 20:27Oh, yeah, France wanted their gold.
- 20:31Right. Here we go from Megatron.
- 20:33Big account. I've never heard of it. 645,000
- 20:39followers. France has officially withdrawn
- 20:41its gold reserves from the Federal Reserve Bank in New
- 20:46York. Macron silently sold 129 tons of
- 20:49French gold stored in New York and bought an equivalent amount
- 20:53of gold in Europe. France is preparing for the end
- 20:58of the Petro dollar. And that's the other big story.
- 21:02We're going to put that one off till tomorrow at the end of the
- 21:05Petro dollar because that's another major factor that's
- 21:09going to propel the price of gold and silver way higher.
- 21:12But when it comes to France, those French, right?
- 21:15And I got to tell you something about France and then we're
- 21:17going to what two things about France.
- 21:18The 1st is on a personal level. The second will be on a gold and
- 21:22silver level. On a personal level, don't
- 21:26listen to what people tell you about Paris.
- 21:28I went to Paris. I stayed in the first district
- 21:30right in the very middle for like 3 days and they were some
- 21:33of the nicest people I've ever met in my life.
- 21:35Everybody said people in France are rude and no, they were super
- 21:39nice and it was wild, wild. Great place.
- 21:41I love Paris. I won't say it again.
- 21:43Why is France important in terms of gold and silver?
- 21:48I'll tell you why. Because in 1971 they're the ones
- 21:52France Macron, not Macron. Oh, shoot, Charles de Gaulle,
- 21:56their president at the time, is the reason why we got off the
- 21:59gold standard. Well, the catalyst, right?
- 22:02He sent warships over in 1971 and said we want our gold,
- 22:07right, because the dollar was backed by gold.
- 22:10He shipped over a bunch of dollars paper and said we would
- 22:14like to redeem them for gold. And Nixon said, sorry, we can't
- 22:17do that right? Because we need, we need our
- 22:21dollars. We got ourselves into a war.
- 22:24Think about that with what's going on right now.
- 22:26And we need money. So what he did was went on TV on
- 22:30a Sunday night and said I am temporarily taking the United
- 22:33States of America temporarily off the gold standard, right?
- 22:38Well, you know what happened here.
- 22:39We are what? I don't know.
- 22:41However many years, 50 roughly years later.
- 22:46Apparently when the government says temporary when they're
- 22:48referring to going off a metal backed gold standard type
- 22:53system. Temporary means 50 years plus.
- 22:57So the fact that France is doing that now, what does that tell
- 23:00us? The China, the speculation,
- 23:03quote, UN quote, wink, wink, that we're settling part of our
- 23:06trade deficit with them And gold, what the bricks countries,
- 23:10what the bricks? You know what they're doing with
- 23:13gold? I mean, like massive
- 23:15record-breaking gold purchases and they're dumping the dollar.
- 23:19OK, I don't like it. You don't like, well, if you
- 23:21live in the United States, you don't like it.
- 23:22But we don't like what Nixon did in 1971.
- 23:25I digress. Let's open this package and see
- 23:27what's inside. This came yesterday from channel
- 23:30sponsor First Met and I'm excited to open this up as you
- 23:37can see. Oh really?
- 23:43OK, I will ring the gong. Anybody that gives a super chat,
- 23:46I'll ring the gong for you at the end.
- 23:47Thank you. And no, super chats are not
- 23:50expected but always appreciated. So this came yesterday from
- 23:54First Met with FedEx. Wow, they always package
- 24:00everything so nicely. I'm telling you, first Mint is
- 24:03it's a premium retail experience, All right?
- 24:06I mean in the boxes it's like you're it's like you're getting
- 24:09an iPhone or something. I'm going to get out my sword,
- 24:12OK, and see if we can open this. OK, And I think there's one more
- 24:25back here. Yes, I mean like super solid
- 24:33box. Wow.
- 24:36There's my invoice. Oh, cool.
- 24:38Everything's in bubble wrap. Check this out.
- 24:44See if I can get this. It's a piece of silver, just as
- 24:53I suspected. Wow.
- 24:57Oh cool. I was hoping this is what it
- 24:59was. That is awesome.
- 25:02This is their new and it's in a plastic case.
- 25:06Liberty bar. Check that out guys.
- 25:09Check that out. OK man, look at the backside.
- 25:15I got my fingerprints on the plastic already.
- 25:18Darn it. First meant I love first meant I
- 25:22love their logo too with the mountains in it.
- 25:24Isn't that cool? Now I had a sneaking suspicion
- 25:28that might be what this is. I'm going to show you a quick
- 25:31video that I had no idea how these bars are made.
- 25:34A very quick like 42nd video that shows us how these are made
- 25:39and then we'll come back and ring the gong for the Super
- 25:42chats. And hold on here, make sure I
- 25:46got this on the right screen. OK?
- 25:48Check this out. This is how these bars are made.
- 25:54From raw silver to a symbol of triumph, each First Mint Liberty
- 25:59Bar is born under pressure because anything truly valuable
- 26:03is forged, not found .999 fine silver refined into pure
- 26:10brilliance. The Liberty Angel rises from her
- 26:13pedestal. Rays of light marking trials
- 26:17turn to triumphs on the back, Stamped weight and purity back
- 26:21her beauty. More than silver, it's a mark of
- 26:25perseverance and success. The one ounce Liberty Bar Claim
- 26:30yours at First mint.com. OK, that is awesome.
- 26:36Here's the website. That's their Las Vegas round.
- 26:38I think they have the Liberty Bar out there.
- 26:40It is right there. Check that out.
- 26:43OK again here at first mint.com. And don't forget there's also a
- 26:48discount code VIPRB. Let me come back to you.
- 26:52Thank you. First Mint.
- 26:53Man, that is cool. Let me just show you one more
- 26:55time. Again, that's not a plastic
- 26:58case, but that thing is, it is really cool.
- 27:02Can I see you? Yeah, you can see me.
- 27:04Silver. Always very, very reflective.
- 27:07All right, let's run out and say hello and thank you for the
- 27:10Super chat. My friend Jimmy Blue, you are
- 27:13famous on the Internet today. Thank you for the Super chat.
- 27:17I'm going to ring the golden gong.
- 27:19This will bring you a lifetime of happiness and good fortune,
- 27:23Mr. Blue. All right, guys, we're in good
- 27:29shape, but it's going to be a lot of fun watching what happens
- 27:33here in the next month, right? Quarter and year with gold and
- 27:38silver. I believe 158% that we're going
- 27:42to be a year from now, what is today, April 9th, 10th,
- 27:46whatever, right? A year from now, I have a strong
- 27:50suspicion that we're going to be sitting with a silver price
- 27:54that's going to make all of us very, very happy.
- 27:57OK, the world geopolitically, think about what's going on in
- 28:02the world. The just the instability,
- 28:08uncertainty and instability, that's what I'm trying to say.
- 28:11Think about though, on top of that, what's going on in the
- 28:15world, think about the United States fiscally, monetarily, and
- 28:18then layer on top of that the rest of the world as well.
- 28:22I mean, but the Fiat, it's not just the United States, it's
- 28:25everywhere. I mean all the factors.
- 28:27And then with silver, when you consider just the unbelievable
- 28:32fundamental demand factors that are coming through, the fact
- 28:35that solar people are saying that with this energy crisis,
- 28:38the worst energy crisis that we've likely faced.
- 28:41And last I checked, the Straits of Hormuz still wasn't open.
- 28:44And that's a very fragile situation.
- 28:47It's I don't that mean I would be shocked.
- 28:50I'll say this, I'll make another prediction that if two months
- 28:53from today, right, we're talking about oil flowing freely through
- 28:58the Straits of Hormuz. Look for all those involved that
- 29:00are being hurt by all this. I hope that it is, but honestly,
- 29:04I don't think that two months from now, I think the world has
- 29:07changed from an energy perspective.
- 29:10And to get back to the point of some smart people out there are
- 29:14saying that demand for solar is even it's going to give a little
- 29:17turbo charge to the silver price.
- 29:21One thing for sure, we're going to go through it all together.
- 29:23We're basement dwellers and I don't care what happens.
- 29:26There's a lot of short term noise.
- 29:28Don't forget that as well, right?
- 29:31All the short term noise, the waves on the surface.
- 29:33We'll get through it together. We are basement dwellers.
- 29:36Don't forget, if you enjoy your time down here, it's a big
- 29:39honor. When you come down, please
- 29:41subscribe to the channel. Thanks for everything.
- 29:43Take care and we'll see you. Yeah, you.
- 29:47We'll see you next time. Bye.
- 29:48Bye.