Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **THIS is BIG!** 🦍🦍 SILVER Just had a MASSIVE Change... (CHINA Shock!) Gold - Precious Metals News

Transcript

**THIS is BIG!** 🦍🦍 SILVER Just had a MASSIVE Change... (CHINA Shock!) Gold - Precious Metals News · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Silver and gold, epic, transformational, massive big
• 0:05
  stories we need to cover today because we are living through a
• 0:08
  time like no other. Guys, we're going to talk about
• 0:12
  records being broken, China charts, Turkey, Russia, Texas,
• 0:16
  crypto, people buying gold and silver, a bubble in gold and
• 0:20
  silver. Wait till you hear about this
• 0:23
  Apple computer and big, big warning, OK, big, big warning
• 0:29
  about some uncertainty out there, but it's actually going
• 0:32
  to turn into a good thing for you and me, silver and gold
• 0:36
  investors, there are. This is the biggest live stream
• 0:39
  that we've ever, ever done. So welcome to the basement.
• 0:42
  I'm glad you're here. We're on the big race.
• 0:44
  Will you please help upstairs, Susie and I, we're on the big
• 0:47
  race to 80,000 subscribers. I can't believe it.
• 0:51
  So important that you're here. Thank you so much.
• 0:54
  Please subscribe to the channel, give the video a thumbs up.
• 0:56
  Let's dive right in. We set a record.
• 0:59
  Did you know that? And I'll tell you why this is a
• 1:02
  big deal. We set an all time record in the
• 1:05
  gold price. Javi Costa shares it with us, he
• 1:09
  says. And just like that, despite the
• 1:12
  recent volatility, gold just posted the highest weekly close
• 1:18
  on record. We have a record close for gold
• 1:22
  on the weekly chart. We're going to talk about silver
• 1:25
  as well. But guys, that's a big deal
• 1:26
  because that's going to continue to bring more eyeballs into the
• 1:31
  precious metal sector. What's good for gold will be
• 1:34
  good for silver. And don't you kid yourself,
• 1:37
  those big institutional investors who only have one or
• 1:41
  2% of their money in precious metals, they're going to see
• 1:44
  things like this and more and more people will be joining us.
• 1:47
  We've had world record numbers of people down here in the
• 1:50
  basement for live streams. But we can welcome a few of the
• 1:54
  big institutional investors as well.
• 1:56
  What about silver? Tavi says silver's corrections
• 2:00
  are resetting positioning and moving the market from we cans
• 2:04
  to more patient capital. And we've got an unbelievable
• 2:08
  chart we're going to look at after we look talk about China
• 2:13
  next, but then we're going to look at an unbelievable chart
• 2:15
  from the the top chartist out there.
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  Here's the gold chart that he's referring to.
• 2:22
  Here it is right here, guys. This little, little bar right
• 2:26
  there is a record close for the gold price.
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  Don't kid yourself. That will bring more eyeballs
• 2:34
  into the precious metal sector. And that will be good for
• 2:37
  everything in general. We're all going to live happily
• 2:40
  ever after together. Maybe a few of those sheeple
• 2:44
  will come join us as well. What about China?
• 2:46
  Big news out of China on Friday. China cracking down on paper.
• 2:52
  Silver, make believe. Silver.
• 2:53
  What do we call it down here in the basement?
• 2:56
  Fantasy island, Silver. Like that show from the 1980s
• 2:59
  with that little guy tattoo that would say deplane, deplane
• 3:03
  night. He says.
• 3:04
  De silver, de silver. It's all make believe.
• 3:06
  But China's cracking down. It's a big deal.
• 3:09
  It's a hot story. There's a lot of different ways
• 3:12
  that people are reading this, but let me give you a synopsis
• 3:15
  of what we know right now and we'll go to the silver trade for
• 3:20
  this breaking huge China is banning gold and silver
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  rehypothecation and off exchange derivatives.
• 3:31
  Eric Young broke the story that may break the cartel off
• 3:35
  exchange. Let leverage derivatives
• 3:38
  leveraged paper longs of leverage paper naked shorts.
• 3:43
  Yeah, does that. Yeah, I'll explain in a second.
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  Will no longer be tolerated. Physical gold and physical
• 3:49
  silver deliveries will be enforced off exchange.
• 3:52
  Fractional reserve gold and silver will be scrutinized.
• 3:56
  Off exchanged gold and silver re hypothecation will not be
• 4:00
  tolerated. So no more Bugsy Seagull
• 4:03
  operations guys. Basically what this means is
• 4:07
  that China is saying no more. Make believe no more games.
• 4:11
  A derivative is typically like a bet on a bet.
• 4:15
  It would be like if, if if you and I went to the casino and you
• 4:19
  were playing blackjack and then I was making bets with somebody
• 4:23
  else on the side about the bets that you were making at the
• 4:27
  casino, right? It's all what China is is doing
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  is clamping down right on the make believe, the re
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  hypothecation, the derivatives, all that stuff.
• 4:38
  What this means is China is recognizing, and this is huge
• 4:42
  that silver has become and gold a physical market.
• 4:47
  It used to be a war of this is super interesting development
• 4:51
  that's going on in the metals markets in general right now,
• 4:54
  but in particular with silver, It used to be a war between the,
• 4:58
  between the physical market and the paper.
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  Now it's a war between the between the make believe COMEX
• 5:05
  paper make believe markets, the fantasy island market in China,
• 5:09
  in India, the physical markets. Things are changing right now
• 5:14
  and it's getting super interesting.
• 5:15
  But let's look at a chart, Northstar Bad charts, he called
• 5:19
  it. This is one of the most
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  respected chartists out there. And there's a couple key things
• 5:23
  on the silver chart that we want to point out.
• 5:26
  Two big keys on this and let's go out to his post right here.
• 5:32
  Silver, no panic, no drama. I told you what to expect.
• 5:37
  OK? What he's referring to is a post
• 5:39
  that he made on. This is on December 21st.
• 5:43
  He said, Silver, be mentally prepared for a large correction.
• 5:47
  Yeah, we got that right, guys. But know this, we have barely
• 5:52
  even begun this bowl era. Again.
• 5:55
  He pointed this out on December. On December 21st, he called for
• 6:00
  a correction, of course, right as we talked about many times,
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  this is the massive cup where the red line is.
• 6:08
  Hold on, let me go back here, let me fix that.
• 6:11
  And he's got it written right there.
• 6:12
  This is the massive cup. If you look at the chart of the
• 6:16
  silver price and here is the handle, OK and he's got that
• 6:21
  that registered right there and he called for the big move up,
• 6:25
  but that we would have a correction.
• 6:27
  Now what's important to realize in this is that he's also saying
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  we are just getting started. He's not calling for this
• 6:37
  correction to last and last. He's calling for much, much
• 6:41
  higher and higher silver prices. But what I want to point your
• 6:45
  attention to, it's hard to see, but I'm going to circle it.
• 6:49
  Even during that handle, we had a 34% drop in the price of
• 6:53
  silver. We even had a 40% and another
• 6:58
  40% drop in that period. These pull backs are normal, OK.
• 7:04
  And as he said, hold on one second here might go back.
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  He said it somewhere. I told you what to expect and
• 7:15
  boom, no, I thought he had more somewhere.
• 7:17
  He's all. But I can assure you he is
• 7:19
  calling for that, for that cup and handle formation to, to work
• 7:24
  out that that chart pattern to work out much, much, much higher
• 7:28
  silver prices. And don't forget, right, We
• 7:31
  looked at this yesterday. For those of you who weren't
• 7:33
  able to join us, I'll tell you quickly.
• 7:35
  During the 1970 to 1980 massive bull run in silver from like
• 7:41
  $1.50 to $50 per oz in 1974, there were, it was like a 47%
• 7:47
  pull back or maybe even higher than that.
• 7:50
  These pull backs, I know they're no fun.
• 7:52
  I'm with you. I didn't have fun.
• 7:54
  What was that two Fridays ago? Nobody did the worst pull back
• 7:57
  in history. But it's normal.
• 8:00
  It's part of the process. It's part it's not, it's not a
• 8:04
  bug, it's a feature of a massive, massive silver rally.
• 8:09
  So while we don't like it and it's no fun, remember it's part
• 8:13
  of the game. And the way this has worked out
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  out in the past, right in from not like 1974 through 1980,
• 8:20
  silver went out like 1200%, like 12 times, not 12%, twelve times.
• 8:26
  That means every dollar in 1974 that was invested in silver
• 8:31
  became $12.00 if you choose to measure the value of your silver
• 8:35
  using paper Fiat money. OK, I digress.
• 8:39
  Turkey, we're going to talk about Turkey.
• 8:41
  Big news out of Turkey with silver Russia.
• 8:43
  Oh, this is super interesting. Interesting, right?
• 8:46
  This sheds a little light on what's happening right now in
• 8:49
  the metals markets. Before I do that, I do want to
• 8:51
  say thank you right there. Channel sponsor.
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  Oh, look at this. An announcement.
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  And thank you for all the incredible feedback I have.
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  It's a big honor to have them as a sponsor of the basement.
• 10:01
  What's going on in Turkey? Let's go check on Turkey right
• 10:06
  now. Hold on here.
• 10:07
  Make sure we got you on the right screen.
• 10:10
  These live streams can be tricky.
• 10:12
  Here we go. This this comes from a A, which
• 10:15
  stands for I don't know, I guess that's the Turkish newspaper
• 10:19
  aa.com. Turkey imports a record high
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  273.3 tons of silver in January. The point here guys, and that's
• 10:30
  up from 65 tons in December. The point here guys is that this
• 10:34
  physical, physical, hopefully you can still see me and hear me
• 10:40
  physical demand for silver, whether you're talking China,
• 10:44
  India, Turkey, Europe, we're getting news out of Germany,
• 10:48
  right? The German, the German
• 10:51
  wholesalers and retailers like we can't get silver.
• 10:54
  We're waiting like 3 months. This is real.
• 10:57
  This is happening. 273,000,000 tons of silver is equal to 8 or
• 11:03
  9,000,000 ounces of silver. That would mean like on an
• 11:08
  annualized basis, that's well over 100 million ounces of
• 11:12
  silver. Need I remind you, the entire
• 11:15
  world mining industry only produces about 800 million per
• 11:19
  year, right? And that's not even considering
• 11:22
  what India is doing, what China's doing.
• 11:24
  It's incredible, OK? It's absolutely incredible.
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  Let's let's go back though. Remember, remember Thursday of
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  this week, right, We also had a little mini crash in the silver
• 11:35
  price. It went down 10%.
• 11:37
  And we sat down here and said, we think it's a bunch of bunk,
• 11:41
  right? It was based off this report.
• 11:43
  Let me show it to you from Bloomberg about Russia suddenly
• 11:47
  becoming best friends with the United States again, Like, oh,
• 11:51
  we're going to use the dollar. And, you know, Bloomberg put
• 11:54
  this this big headline story out.
• 11:56
  And remember looking at the silver chart, it like crashed it
• 12:00
  like was bouncing off the basement floor down here.
• 12:04
  Here's the report that came out. But we've got some very
• 12:07
  interesting developments on this right now.
• 12:11
  OK, here's the Bloomberg article.
• 12:13
  Russia memo sees return to the dollar system in a pitch made
• 12:18
  for Trump, right? And that was the big the big
• 12:21
  news story. Now, what's very interesting is
• 12:24
  then we get this. Yesterday Bloomberg spoofed the
• 12:30
  gold and silver markets. Hold on.
• 12:32
  Makes you got. Yeah, we're up.
• 12:34
  OK. Russia is not considering a
• 12:36
  return to the US dollar system. We said that I I think I even
• 12:40
  said down here, to me, it seems like a bunch of bunk.
• 12:42
  And how many times have we gotten these stories?
• 12:46
  We know we've been around where they they all this is happening.
• 12:49
  It winds up I don't I don't want to be.
• 12:51
  I'll just speculate. There's a little suspicion
• 12:55
  surrounding all this anyway, Russia not considering a return
• 12:58
  to the US dollar system. Russian central bank chief
• 13:02
  Elvira Nebulina in here. This is from Tasmania, the
• 13:06
  Russian news agency. And if we look at the little
• 13:10
  part that's highlighted right here in blue, the Bank of Russia
• 13:14
  is not currently taking part in talks on the possibility for the
• 13:18
  return of the US dollars in Russian export payments.
• 13:22
  Central bank chief, their central bank chief Elvira said
• 13:26
  that OK in red quote, as regards as regards the potential
• 13:31
  development of relations with the United States, we as the
• 13:34
  central bank are not participating in it so far in
• 13:40
  any case. So this idea that the the dollar
• 13:44
  and that made the dollar go up in value, right?
• 13:46
  The dollar king dollar, the Russians want to be buddies
• 13:49
  again, from what we're being told right from the Russians,
• 13:53
  they're not really participating in those talks.
• 13:57
  So that whole Thursday and we said it was manufactured.
• 14:01
  We did a live stream about it. We sat down here and said this
• 14:04
  whole it was a banker. I even had bankers in the
• 14:07
  background, right? The bankers they're they are
• 14:09
  really trying. And don't forget, guys, one more
• 14:12
  warning for you and I'll tell you why it's a big deal, right?
• 14:17
  The Chinese New Year starts, I think on Sunday.
• 14:19
  The Chinese metals markets are going to be closed for 9 days.
• 14:24
  That means the COMEX, right? The paper market in the United
• 14:28
  States, the futures market and the LBMA are going to be in
• 14:32
  charge of the gold and silver price.
• 14:34
  Be prepared for anything. But at the end of the day,
• 14:37
  right, remember, it's all a bunch of bunk basically in the
• 14:41
  physical market. And when China comes back on,
• 14:45
  boy, for the rest of 2026, I think things are going to get
• 14:48
  very, very, very interesting. Now we get Texas, man.
• 14:52
  We're going everywhere. We got to talk about Texas.
• 14:54
  We're going to talk about the big crypto guy who's now buying
• 14:57
  gold and why that's a big deal. And we're going to talk about
• 15:00
  the bubble and silver and gold that everybody's talking about
• 15:04
  and why that's a bunch of, I think bunk is the word of the
• 15:07
  day today bunk as well. And then and then some more big
• 15:11
  warnings uncertainty on the horizon.
• 15:14
  OK, before we do that, I do want to say thank you to 1st Mining
• 15:17
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  company in Canada. They've got 2 huge multi million
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  the company at firstmininggold.com.
• 15:41
  Whether we're talking about silver, gold, mining, stocks,
• 15:45
  stocks, bonds, mutual funds, cryptocurrency, I don't know,
• 15:49
  Beanie babies, anything that you may do.
• 15:51
  Remember, I'm not a financial advisor.
• 15:53
  Please always do your own research and I ask you to
• 15:56
  subscribe to the channel. We're trying to get the 80,000
• 15:59
  hit that subscribe button. Now let's move on to Texas.
• 16:03
  The big story of the week. Everything's bigger in Texas.
• 16:06
  Did they've got some earth shattering news out about silver
• 16:10
  and gold. Let's check this out came from
• 16:13
  Vince Lancy VBL's Ghost on X Texas is minting their own state
• 16:20
  coins. Remember they passed.
• 16:22
  There's a reason why this is important.
• 16:24
  Two things. They passed gold and silver
• 16:26
  legal tender legislation not too long ago.
• 16:29
  And they've built their own Texas State depository like
• 16:34
  vault where I guess Texas residents and maybe even people
• 16:38
  outside of Texas can store silver and gold.
• 16:40
  But Austin, TX just announced they will be producing.
• 16:44
  Hold on here, make sure we got you on the right screen.
• 16:47
  We do. They will be producing their own
• 16:50
  money in gold and silver coins for Iras and four O 1K use for
• 16:55
  residents. The initial batch will be
• 16:57
  commemorative coins, but down the road they will be making
• 17:01
  larger batches for statewide use in IRA holdings pursuant to the
• 17:06
  changes and regulations in the United States.
• 17:10
  Because remember, they're talking about being able to 1st
• 17:12
  be able to use everything is changing even on a national
• 17:17
  basis when it comes to the potential of being able to
• 17:19
  invest more easily into physical gold and silver.
• 17:24
  But I want to throw in, from what I understand, this is these
• 17:27
  coins that they're making are not officially going to be legal
• 17:31
  tender in Texas, but they are being produced by the state of
• 17:34
  Texas and are going to be able to be used according to this for
• 17:37
  both Iras and 401 KS. The big thing is, guys, is that
• 17:42
  there's mass adoption and recognition going and on
• 17:46
  throughout the United States. And we know also throughout the
• 17:49
  world that gold and silver are, let's just say, valuable, a very
• 17:55
  effective way to store wealth and to protect your financial
• 18:00
  future. Now we're going to go, OK, now
• 18:05
  we're going to talk about why it's a big deal that a big, big
• 18:08
  name in the crypto world, in the Bitcoin world is investing into
• 18:13
  physical gold and another reason why this is so important.
• 18:17
  But we get this news story. Hold on here from CCN, who tells
• 18:25
  us early Bitcoin supporter Eric Voorhees buys millions in
• 18:30
  tokenized gold as Tethers 23 billion holdings overtakes many
• 18:37
  governments. All right, there's a couple of
• 18:39
  reasons why this is a big deal. He bought almost 7 million in
• 18:42
  tokenized gold. Tether nether gold reserves are
• 18:46
  now at 23 billion. Crypto and traditional safe
• 18:49
  havens are converging. It's a big, big deal because
• 18:53
  what he's buying is tokenized gold.
• 18:56
  Guys, we we have, we, we are way ahead of the curve here in the
• 19:00
  basement on that whole concept. We've been talking about it now
• 19:05
  for months. That's what everybody else will
• 19:07
  be talking about in precious metals 2 years, three years from
• 19:11
  now. We're talking about it right now
• 19:13
  because tokenized gold and tokenized silver, whether you
• 19:17
  like crypto or not, it makes no difference, OK?
• 19:20
  I'm not everybody's entitled to their own opinion, but they're
• 19:24
  tokenizing gold and silver. They're putting it on the
• 19:27
  blockchain. Tether is now the world's
• 19:29
  largest buyer of gold outside of central banks.
• 19:33
  They've got a mass and tethers, a massive crypto company.
• 19:36
  They're the company XAUT that's tokenizing gold for right now.
• 19:42
  It can create a massive wave of demand for physical gold makes
• 19:46
  no difference. I'm not saying pro con any
• 19:49
  anything along those lines, but but for every token they create,
• 19:53
  they must have an ounce of physical gold to back it up.
• 19:58
  And it's in a vault in Switzerland and it's audited and
• 20:01
  it's there. So is this continues to grow and
• 20:05
  grow and grow, right? And there actually are some
• 20:07
  interesting benefits to tokenization in using tokenized.
• 20:12
  Gold and silver's right there with it just now starting to get
• 20:15
  tokenized as well. The point here is the big key
• 20:18
  take away is, again, you don't have to like crypto, but you can
• 20:22
  like tokenization because it's going to create a massive wave
• 20:27
  of demand for gold and silver for people all around the world.
• 20:31
  OK? It's kind of like storing your
• 20:33
  e-mail on Google servers on the cloud or buying your electricity
• 20:38
  from the electric company, right?
• 20:39
  Tether does a very good job of storing gold for people and
• 20:44
  allowing them to a transact right to sell it anytime, 24
• 20:49
  hours a day, to sell small fractions of it and to do it at
• 20:53
  the fraction of the cost of what it compares.
• 20:56
  You know, if you want to sell 11 thousandths of an ounce of gold
• 21:00
  on a tokenized gold, you can do that and you pay like no fee
• 21:04
  whatsoever. Whereas look, and I love having
• 21:09
  physical metal, OK, if you don't hold it, you don't own it, but
• 21:12
  you know that if you want to go to your local coin shop and cash
• 21:15
  in an ounce of gold or silver, you're going to pay a pretty
• 21:18
  hefty fee. So I believe that there's going
• 21:20
  to be a massive adoption. And we're talking about people
• 21:23
  all over the world, India, OK, Asia of tokenized gold and
• 21:29
  silver. Again, you don't have to like
• 21:31
  crypto. I'm not trying to sell you on
• 21:33
  anything. I'm just saying that this is
• 21:34
  happening in the company that's doing it is the world's biggest
• 21:39
  buyer of gold outside of central banks.
• 21:42
  That's a big, big, big, big deal.
• 21:44
  And the guy that runs the company Tether, they're like the
• 21:47
  biggest crypto company in the world.
• 21:49
  They asked him recently, like, what's your price prediction for
• 21:52
  gold? He said, I'm not even going to
• 21:54
  tell you because you'll think I'm crazy.
• 21:56
  Like he thinks the price of gold measured in U.S. dollars is
• 22:00
  going to go all the way up through the roof.
• 22:02
  What about a bubble in gold and silver, huh?
• 22:05
  Let's look at some evidence. We are not in a a bubble for
• 22:08
  gold and silver, and we're going to look at some evidence that
• 22:11
  shows us that right now. Two things that I want to show
• 22:14
  you #1 let's go out here, Ronnie Stoverly, if not the most
• 22:20
  respected, one of the most respected names in the gold and
• 22:23
  silver sector. I think it's gold Switzerland.
• 22:25
  Super, super smart guy. He says gold, the anti bubble.
• 22:30
  This looks a cumulative inflow. Let me get the markers out for
• 22:35
  you here. This is super interesting.
• 22:37
  This is the cumulative inflow by asset class decade to date.
• 22:42
  So this starts in the year 2020 and shows how much money is
• 22:47
  flown into the as has flown has load into these different asset
• 22:51
  classes. Cash 5 trillion, equities stocks
• 22:56
  3 trillion, bonds 2.4 trillion. How about gold?
• 23:00
  You you can barely see it coming off the horizontal line .1
• 23:05
  trillion. The point here guys is we have
• 23:08
  not seen nothing yet. Then I got another, another
• 23:11
  graph we're going to look at. So stay with me here.
• 23:14
  But we haven't seen anything yet, OK, That there's been very
• 23:18
  little money actually compared to stocks, bonds, whatever else
• 23:22
  was on that chart, right? There's been very little money
• 23:25
  going to gold. And when we talk about gold,
• 23:27
  imagine silver. I guess they couldn't put silver
• 23:30
  on that chart because, you know, silver is usually just a small
• 23:33
  percentage of gold. When the rest of the people,
• 23:37
  especially in the United States, start to wake up.
• 23:41
  Remember, I heard somebody say the other day, only 1% of people
• 23:45
  stack physical silver in the United States.
• 23:48
  Don't tell on anybody. It's a little higher in the rest
• 23:51
  of the world, but when those other 999897 percent of people
• 23:56
  want to get into the silver and gold club like you and I are
• 24:00
  already in, there's not going to be much more room.
• 24:03
  And we like to affectionately cheap noise warning.
• 24:06
  We like to affectionately refer to those people as the the
• 24:14
  sheeple. You guys been begging me to make
• 24:18
  the sheep noise again. There you got it.
• 24:19
  But wait, there's more, right? Because when the sheep will wake
• 24:23
  up and and and decides to start putting money into gold and into
• 24:27
  silver. And we look at gold because
• 24:29
  gold's the granddaddy. Look at this chart that it also
• 24:32
  in no uncertain terms shows us. And then we're going to talk
• 24:37
  about some warning, warning coming up with some crazy
• 24:40
  uncertainty. But first, this one bears
• 24:43
  looking at again right now. Think about this.
• 24:46
  Apple Computer is worth almost 10 times more than every listed
• 24:52
  US gold and gold mining ETF combined.
• 24:56
  People keep calling gold crowded, while the entire ETF
• 25:01
  stack is the size of Procter and Gamble.
• 25:04
  I mean, guys, this is just incredible, the potential that
• 25:08
  we have. And when we talk about gold,
• 25:09
  we're talking about silver because the potential is
• 25:12
  actually bigger for silver. There it is right there, 365.
• 25:16
  That's that yellow section. Right there are the gold and
• 25:21
  silver ETFs. It's smaller then Procter and
• 25:25
  Gamble. OK, are right about actually,
• 25:28
  no, just that that right there, the black line are the gold and
• 25:31
  silver ETFs. There's Procter and Gamble, that
• 25:34
  blue line right there and this blue line up here, this one,
• 25:39
  that blue line is Apple Computer, which is 10 times more
• 25:46
  valuable than the whole gold and silver.
• 25:49
  I'm sorry, gold, physical gold and gold mining ETS combined.
• 25:55
  And think about this. I was talking to one of our
• 25:56
  fellow basement dwellers last night.
• 25:59
  When you buy those gold, and I'm not making, not giving financial
• 26:02
  advice, everything's risky, all that.
• 26:04
  But when you buy a gold or gold mining ETF, you're actually
• 26:09
  getting something, right? When you buy Apple Computer,
• 26:12
  which is a loan worth 10 times more than that whole gold sector
• 26:17
  ETF cluster, you're with Apple Computer.
• 26:20
  Yeah, but I'm not an Apple. But when you buy their stock for
• 26:24
  $268, where the heck it's at right now, you're getting like
• 26:28
  1%, two percent, 3% real assets, Okay, You're not getting hardly
• 26:33
  anything. You're getting a bunch of fluff,
• 26:35
  a bunch of, well, apples, the best computer and our best
• 26:37
  company in the world. And they've got this great.
• 26:40
  And they do. But when you actually put your
• 26:42
  money into it, just my opinion, what you're for every $100.00 of
• 26:47
  Apple stock you buy, you're maybe getting 5 or $10.00 of
• 26:51
  real assets. Whereas with gold ETFs and gold
• 26:55
  you're getting, like with the mining companies, a lot of times
• 26:57
  you put $100 in and you could argue you're going to get
• 27:00
  $70.80, sometimes even more like $150.00 worth of real assets
• 27:06
  spend. Same with gold of silver mining
• 27:09
  stocks and silver. And you know, I love physical
• 27:11
  silver, OK, Warning, right, uncertainty.
• 27:15
  One of the key, one of the key attributes of gold and silver
• 27:20
  are that they are safe haven assets.
• 27:23
  There are places people go because as you know, for
• 27:26
  thousands of years they've proven themselves as being a
• 27:28
  great store of value. OK, so when you think about
• 27:33
  uncertainty, right, we have an, and we have numbers here to
• 27:38
  prove we're going to look at the uncertainty in the world is
• 27:42
  really at unprecedented levels right now.
• 27:45
  And uncertainty, right, is good for the precious metals because
• 27:50
  when people feel uncertain, they want to go to the safe haven
• 27:53
  assets and look no further than this.
• 27:55
  And then I'm going to give you an explanation after.
• 28:01
  Hold on, there it is. Woof.
• 28:04
  I thought I missed it. This is from Josh Phillips, Fair
• 28:07
  from Scottsdale Mint Uncertain Times.
• 28:10
  The global World Uncertainty Index has just reached, excuse
• 28:16
  me, an all time high. Uh oh, I'm sharing the wrong
• 28:20
  screen. Make sure we got you on the
• 28:22
  right screen now. There we go.
• 28:23
  Sorry about that, guys. There's Josh Phillips, fair
• 28:26
  again, CEO of Scottsdale met World uncertainty index at an
• 28:31
  all time high. This comes from the Federal
• 28:33
  Reserve. Let me just point this out.
• 28:36
  Look at this, OK? I mean, we were barely ever
• 28:41
  above this 40. And I'm going to explain to you
• 28:43
  what this index is next. Now we're all the way up here,
• 28:47
  guys, at 100,000. Uncertainty is exploding.
• 28:52
  But I want, Mike, I wanted to learn.
• 28:54
  Yeah. This comes from the Federal
• 28:55
  Reserve. Actually, I think the Saint
• 28:56
  Louis Federal Reserve. But what is this?
• 29:00
  What does it mean? And let's go take a look at
• 29:02
  this. Make sure we're got you up on
• 29:05
  the right screen, which we do. The World Uncertainty Index
• 29:09
  explained the WUI often access via the Federal Reserve database
• 29:14
  is a metric that tracks global economic and political
• 29:18
  uncertainty by text mining reports from the Economist
• 29:23
  Intelligence Unit. The EIU key details, OK, it
• 29:28
  counts how many times the word uncertain or its variants appear
• 29:32
  in quarterly reports for 143 countries.
• 29:38
  So what that means is that all over the world, this is not just
• 29:42
  the United States, all over the world, we have a record amount
• 29:47
  of uncertainty right now. One thing I'm certain of, we're
• 29:51
  in good hands with gold and silver.
• 29:53
  I'm sorry, I don't know how you feel about it, but the precious
• 29:57
  metals right and that while we are still a small minority,
• 30:00
  especially in the United States, right are are, I think a a smart
• 30:05
  just my opinion, a smart and effective way to protect
• 30:08
  ourselves financially. We covered it all a record in
• 30:11
  gold China cracking down on paper, right, the charts that
• 30:15
  show right the cup and handle that we're just getting started.
• 30:19
  Turkey, Russia, Texas, right, the crypto guy who's buying now
• 30:23
  tons and tons of physical gold. OK, No, we're not in a bubble
• 30:28
  and yes, we are in uncertain times.
• 30:31
  It is what it is. We aren't going to keep our
• 30:33
  heads in the sand, right? We're going to learn.
• 30:35
  I really appreciate you coming down here and joining me.
• 30:38
  Hey, don't forget, hold on. Don't forget if you do happen to
• 30:42
  have something valuable you want to store, maybe you have a
• 30:45
  safety deposit box, maybe you've got a safe at your house.
• 30:48
  Maybe you hide stuff in the rafters.
• 30:50
  Whatever you do, that's great, but check out Dirty Man Safe as
• 30:55
  well, OK? This is a safe that you bury in
• 30:58
  the ground and and remember when something's in the ground, it's
• 31:02
  safe from fires, floods, all types of natural disasters.
• 31:06
  And right those those crafty people, the pirates are right.
• 31:11
  They stored their treasures in the ground that people are still
• 31:14
  trying to find. It was an effective way for them
• 31:16
  to do it. You can do it to The Dirty Man
• 31:19
  Safe. Really an awesome product, great
• 31:21
  company. OK, you open it up at the
• 31:23
  bottom. These things are robust.
• 31:25
  OK, you store whatever you want in there.
• 31:27
  I've got a plastic Unicorn in this one.
• 31:30
  Seal it back up. It comes with a a big sleeve.
• 31:33
  You can read all about it at their website, dirtyman.com.
• 31:36
  But don't forget there is a discount code Ron 10.
• 31:40
  You'll get a discount and a few other special gifts included if
• 31:44
  you decide to order one. But most important, be good.
• 31:47
  Have a great rest of your day and I will see you.
• 31:51
  Yes, you next time. Thanks for joining me down here
• 31:54
  in the basement.