Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🎯 Silver Price & Gold in Crosshairs: Chaos Hits Americans Hard!
Transcript
- 0:01These are scary, scary times right now that we are living
- 0:05through. I've got like six things we're
- 0:06going to talk about that will impact directly the price of
- 0:10gold and the price of silver. But guys, if you're feeling a
- 0:13little scared, if you're feeling a little, I don't know, anxious,
- 0:17I don't know what the word is, depressed.
- 0:19You're not alone. There is so much going on right
- 0:22now in our world. I know I come on here and I'm
- 0:25Mr. Happy and enthusiastic and yes, I am OK and I think at my
- 0:30heart I am. But man, right now, everything
- 0:33that's going on just in the United States, but also in the
- 0:37world is cause for some major, major concern.
- 0:40And on top of that, we got our arses handed to us last three
- 0:44days with the silver price. Let's go look at that.
- 0:46Let's start there. And then, like I said, big scary
- 0:49stuff going on with the presidential election, with
- 0:53Israel, with with Ukraine. We got a lot to cover today.
- 0:56And we're going to talk about bricks and what that means for
- 1:01for the silver price and gold price as we head through the end
- 1:04of the year. This could be just an epic, epic
- 1:07year for the silver price and the gold price.
- 1:10Let's make sure I got us on the same screen.
- 1:11OK? Don't shoot the messenger.
- 1:17Excuse me, I have to turn my microphone off every once in a
- 1:19while. Guys, I am suffering from a
- 1:21horrific summer cold. But here, here is what's going
- 1:25on. The last, well, let's see, that
- 1:27was mid-May, right, $32 silver. end of May, $32 silver.
- 1:33Just last week a triple top, I'm going to call it in silver right
- 1:37around oh almost 303150 range and we were so excited right
- 1:44here, right. That was the 15th.
- 1:46I think that was Tuesday we were talking about silver needs to
- 1:49get above 34 dollars, $32 to really make a big run.
- 1:55And you know what guys, it did not happen that that doesn't
- 1:58mean it's not going to happen because it is going to happen.
- 2:01This what I'm calling a triple top right here is very, very
- 2:05rare. So when this comes back up to
- 2:07this level, OK, that will be a triple top at the 3250 ish
- 2:13range. It will very likely be broken.
- 2:16But let's look at the bad news here.
- 2:19Let me draw this for you on this chart, if you can see we were
- 2:24going uppity, uppity, uppity, uppity with the silver price
- 2:27since February, right? 22 bucks an ounce all the way up
- 2:31to $3132.00 per oz and we broke through it.
- 2:34Now today's not shaping up much better, OK?
- 2:38But but guys, the fundamentals are still there and there is so
- 2:42much happening right now in the world.
- 2:44I mean it is just absolutely crazy.
- 2:47Let's go look at gold really quick because gold is the grand
- 2:51pappy of the precious metals. Only down $4 in full screen.
- 2:58Let's look at a one year chart of gold and see how it's holding
- 3:01up. Because gold.
- 3:02Really. Wow, that doesn't look too bad
- 3:04there, buttercup. Looky, looky.
- 3:06I didn't even look at this here. Let's draw a line on this chart.
- 3:11OK, well, no, maybe that doesn't look so great.
- 3:15Why is that not going all the way over there, I wonder?
- 3:19That goes through. Here we go.
- 3:24What date is that? Seven.
- 3:26That is not up to date data. We're 2400.
- 3:29I think we're still above it though.
- 3:30Here. Here we go.
- 3:34Alright, let's draw this line on here because it will give us
- 3:38reason for optimism and we need that right now.
- 3:41OK, there we are. OK, there we are.
- 3:45And that's the up to the date gold futures price.
- 3:47We are still in an uptrend for gold.
- 3:49Don't you forget one thing, OK? Don't you forget that when it
- 3:54comes to the precious metals, gold is the grand pappy, gold is
- 3:58the godfather, gold is whatever the heck you want to call it.
- 4:01Gold sets the rules. All right?
- 4:03We know silver. We know all the reasons why we
- 4:06love silver. But at the end of the day,
- 4:08silver will follow gold. And as we know right, the gold
- 4:12to silver ratio right now is getting really stretched again.
- 4:16I don't even I had a look, I was like 80.
- 4:18I think we talked about that yesterday.
- 4:20So when silver does move to catch up, it could be a really,
- 4:25really slingshot, slingshot type move.
- 4:29OK, So right now what we're getting in the silver and gold
- 4:33market is what we were supposed to get right, the summer
- 4:37doldrums. We had a false alarm last week,
- 4:40right when the we called it. The CPI numbers were better than
- 4:43expected. The employment, unemployment
- 4:47went up. All that was favorable for the
- 4:49Fed becoming looser with monetary policy.
- 4:53We had a bump up in the gold and silver price.
- 4:55We pulled back a little bit. I'm telling you guys, if we can
- 4:58get through the summer, I said this before all that happened
- 5:02with $27.00 silver gold at above 23 fifty, 2300, we're in good
- 5:09shape. It could even be higher.
- 5:10Maybe we'll get through the summer with gold at 2400, but
- 5:13we'll be set up for that September rally that I'm
- 5:16expecting and a lot of people are expecting, especially with
- 5:20all this. There's some crazy, let's talk
- 5:22about the crazy stuff going on in the world right now.
- 5:25OK? State of emergency chaos.
- 5:29Silver price down 10% in three days.
- 5:33That's just the start of it, guys.
- 5:35The political situation we're hearing, obviously, you know,
- 5:39you've heard it 10 zillion times.
- 5:41President Biden dropped out of the presidential race.
- 5:44Now let's talk about some. It's, it's insane what is going
- 5:47on. I'm hearing people propose
- 5:49Hillary Clinton might be the candidate.
- 5:52I'm hearing some people say that Michelle Obama might be the
- 5:55candidate. I'm hearing some people say that
- 5:57Harris is the candidate. I'm hearing some people say that
- 6:00Harris could take on Hillary Clinton as a vice president or
- 6:04Michelle Obama or even Elizabeth Warren.
- 6:07I mean, is this is just absolutely crazy what is going
- 6:12on right now. We're also hearing rumblings
- 6:14about potential legal challenges from the Republican Party.
- 6:17I don't really understand all that, but has to do with the
- 6:19delegates and who knows, right? This the legal stuff that goes
- 6:23on. I'm not a lawyer.
- 6:24I'm an old accountant, right? But it's just absolutely crazy.
- 6:29And then this really got me. Susie and I were kind of
- 6:33flipping through all the news channels last night, MSNBCCNN
- 6:37and Fox, and they are all like, we're shocked.
- 6:40We're shocked. I mean, were you shocked?
- 6:42I wasn't shocked. Somebody said, Ron, you called
- 6:45it. I mean, I called, I told Susie,
- 6:47I don't know if I said it on a live stream, but I predicted
- 6:49that that Biden wouldn't last through the weekend, OK?
- 6:52I wasn't shocked. I thought I was wrong because as
- 6:55of Sunday morning, he was saying I'm definitely running, blah,
- 6:58blah. And then, excuse me, we get this
- 7:02news that he's not running. I mean, we have chaos right now
- 7:06in this country, and we're at the same time, OK?
- 7:09At the same time, think about this.
- 7:11Just a week earlier, we had an assassination attempt on the
- 7:15Republican candidate, right? Missed by an eighth of an inch,
- 7:191/4 of an inch. I mean, is this crazy town that
- 7:23we're living in right now, this is reminds me of like the 60s,
- 7:27right? I mean, it's really, really
- 7:29getting interesting on top of that, on top of that, right?
- 7:34We're not hearing anything anymore really about the biggest
- 7:37global IT outage in history. And it gets very interesting.
- 7:42Now, I'm going to say I don't know any of this for sure, but
- 7:45I'm hearing people say, I'm hearing some people say that
- 7:49crowd strike, OK, is very involved with the US government.
- 7:53I also heard the crowd strike was very involved with the
- 7:56something to do with the Russia hoax, whatever Trump stuff that
- 8:00went on that Clinton's involved. I even heard that Jeffrey
- 8:04Epstein was involved with crowd strike.
- 8:07That's the company that caused this major IT outage.
- 8:10I mean, it's really, I mean, guys, the banks went down.
- 8:14Did you try to get money out of an ATM on Friday or Saturday,
- 8:18Right. A lot of the banks went down,
- 8:20OK. A lot of the airlines, one of
- 8:22our one of our greats. Hold on a second here, comments.
- 8:26Oh, by the way, guys, hey, leave a comment, will you please.
- 8:30It'll help get the word out to more people.
- 8:31Leave a comment. Yes, but one of our, one of our
- 8:34basement welders who's with us today said he just spent 10
- 8:37hours in an airport. Airport trying to get on a
- 8:41flight that had not been cancelled.
- 8:43I mean, it was a mess. Just an absolute mess out there.
- 8:48e-commerce sites were down. The 911 system is down OK in
- 8:52some parts. St. lights, the street signals,
- 8:56traffic signals. I mean, it was a major, major
- 8:59deal that happened. OK.
- 9:00Now it gets even scarier. Think about all the political
- 9:05assassination attempts, Joe Biden dropping out, political
- 9:09uncertainty, okay? On top of that, we've got this
- 9:13big issue, I'm telling you, and there's some people saying that
- 9:16that look, this is just what people are saying potentially,
- 9:21OK? I'm not saying I believe this or
- 9:22that this is necessarily true, but as you and I know, a lot of
- 9:27what happens, happens kind of below the surface.
- 9:30I guess you would say that they might ratchet up the situation
- 9:33in the Ukraine in the coming months as a distraction, that
- 9:38the, that the, that the sitting politicians will ratchet it up
- 9:43as a distraction. It can get very, very, very
- 9:47ugly. OK.
- 9:48They want chaos And, and, and I don't know, you know, I mean,
- 9:53it's, it is, it's a little scary right now.
- 9:56I'll admit. I'm a little scared.
- 9:58I'm a little depressed when I look out of the world, right?
- 10:00I mean, it's not a good situation.
- 10:02And let's look at what happened in Israel over the weekend here.
- 10:06Here's the first article. OK, the whole building shook.
- 10:11The Hooties in Tel Aviv drone, A Tel Aviv drone strikes and kills
- 10:161, hospitalizes 8. So the Hooties sent the drone
- 10:21into Tel Aviv. OK, says here.
- 10:23And what could spark a spiraling escalation?
- 10:26This was on Friday. So then there's more to come,
- 10:28OK, there's now there's been a, a ratcheting up.
- 10:31We're going to get to that. A spark, a spiraling escalation
- 10:35of warfare between the Houthis, Hezbollah and the state of
- 10:40Israel. A large drone struck a high rise
- 10:42building in central Tel Aviv overnight, killing one in
- 10:46wounding 8. OK Saudi headquartered reported
- 10:49the Houthis fired 4 drones and a ballistic missile.
- 10:52The missile and three of the drones were said to have been
- 10:55shot down by U.S. forces in the region, but one of them got
- 10:59through unfortunately. Here.
- 11:01Can we watch this? I don't know if we can hear.
- 11:02Hold on a second here, guys. All right, Here we go.
- 11:07I'm going to see if you can hear this.
- 11:11But here's a video of what happened in Tel Aviv.
- 11:15And we do not like. Yeah, there it was.
- 11:24Let me know if you could hear that.
- 11:25I don't think you could. And I know how to fix that.
- 11:28So. So that happens.
- 11:31All right. And then let's see what what
- 11:33people say about it. The whole building shook.
- 11:37This is in Tel Aviv, OK, scenes at the moment the drone
- 11:41exploded. Here it is, right, coming in,
- 11:47very unfortunate. And this was actually supposedly
- 11:52possibly shot toward the US embassy.
- 11:56There's a picture down here somewhere.
- 12:00OK, it's on the next article. Let's go to the next one.
- 12:02So, so the Houthis send in a drone into Tel Aviv, The
- 12:07Israelis shoot back yesterday I think it was.
- 12:11Houthis warned no red lines in counter attack after Israel
- 12:14bombs Yemeni port. OK Israel confirmed on Sunday
- 12:20that its military forces launched a retaliatory air
- 12:23strike air strike against the Houdida airport, a key Yemeni
- 12:26port in the Red Sea and the second largest in the country.
- 12:30OK, so it is still burning. See if we can play that one, you
- 12:39replies. OK, here we go.
- 12:41Yeah, there it is. Massive fire.
- 12:44Absolutely. I mean, guys, this is big stuff
- 12:47going on. It doesn't seem to be front page
- 12:49news. Netanyahu says if you mess with
- 12:51us, we're going to destroy you. Of course, tonight in Iran.
- 12:57Here we go. This is the picture.
- 12:59There's this is Tel Aviv. This is the Iranian drone.
- 13:02OK. And I guess it hit this building
- 13:05that, my friends, is the US embassy.
- 13:07So some people are are proposing that maybe this was actually
- 13:12headed toward the US Embassy. I don't know.
- 13:14But it is definitely an escalation that is occurring
- 13:19right now in the world. We don't like it.
- 13:21That's why we hold silver. That's why we hold gold, OK?
- 13:28Is it a big opportunity for gold?
- 13:30Let's let's hit this one, one more article that I think points
- 13:33out what is happening in the world because is this is all
- 13:36think about. This is all this is going on in
- 13:39the world. What is the world thinking right
- 13:42now? They know what's going on in
- 13:43Ukraine. They know the US involvement in
- 13:45that, OK? Most Americans don't understand
- 13:48the US involvement. The world understands, they know
- 13:50what's going on in Israel. They know the US involvement in
- 13:53that. What do you think the world is
- 13:55thinking right now and what do you think that has to do with
- 13:58the price of silver and gold, right?
- 14:00Or the value of silver and gold? This actually comes from a
- 14:03website called Cryptopolitan, but I thought it was a very good
- 14:07article that talks about what's going on with the bricks, OK,
- 14:12And it talks about gold, OK, Bricks layout, the blueprint for
- 14:15D dollarization. Of course, there's President G
- 14:18and President Putin. Good buddies.
- 14:22All right, let's go down here, Bricks.
- 14:24It's still dead set on dethroning America and its
- 14:27dollar is the world's reserve currency.
- 14:30The boys added some heavy hitters earlier this year, the
- 14:32UAE, Egypt, Iran and Ethiopia. They also sent an invite to
- 14:36Saudi Arabia, the world's top oil producer.
- 14:39But Mohammed bin Salman said he's still thinking it over.
- 14:42Now. He did not officially renew his
- 14:47petrodollar agreement, although there's, you know, some, oh,
- 14:52controversy over whether they actually had to renew it or if
- 14:55it was officially needed to be renewed.
- 14:57But none the less, they didn't officially renew their
- 15:00petrodollar. They're kind of playing both
- 15:02sides of the of the coin. The Saudi Arabia jumps on board
- 15:04bricks will control 42% of the global oil and gas market and
- 15:09that could seriously flip the script on how oil deals are
- 15:12done. OK, making it easier to go
- 15:16outside the dollar. Vladimir Putin, Russia's
- 15:18president, spoke about the impact, saying that, quote, if
- 15:23oil producers in the Middle East stop using the dollar, it will
- 15:29be the end of the dollar. And you might be asking why?
- 15:32Why would that be the end of the dollar?
- 15:33Because the dollar is to a large degree supported right now.
- 15:38The demand for the dollar comes from the Petro Dollar comes from
- 15:41the fact that almost all oil transactions over the last 50
- 15:45years were done in U.S. dollars. Bricks wants to hit the US
- 15:50dollar where it hurts the oil market.
- 15:52Oh, what happened here? OK, The dollar's value relies on
- 15:56its demand. If demand drops, so too does the
- 15:59dollar. Bricks is calling on oil
- 16:01producers to ditch the dollar and the strategy is starting to
- 16:05bear fruit. OK, it's today here.
- 16:08I just wanted to highlight this bricks, Modi and Putin, Saudi
- 16:11Arabia, Saudi between Russia and US and Iran fully dump dumps the
- 16:16dollar. OK, Modi was just meeting with
- 16:19Putin. That's the Modi's the head of
- 16:21India. Don't forget guys, India and
- 16:24China have 1.4 billion people each, 2.8 billion people, which
- 16:29is like 9 times that of the population, the United States.
- 16:33This is all happening right in front of us.
- 16:37OK, there's Putin with North Korean president Kim Jong Un.
- 16:43OK, there's Donald Trump with Kim Jong Un.
- 16:49Interesting. So what we have is a fast
- 16:54evolving situation in our world right now when it comes to
- 16:59geopolitics and it is downright scary.
- 17:02The geopolitical situation, right?
- 17:06The world ganging up essentially.
- 17:08Can we say that? Are they ganging up on the
- 17:10United States, right? We don't like it.
- 17:13A lot of us are in the West, a lot of you are in Canada, United
- 17:15States, you know, G7 type nations.
- 17:17But is the rest of the world ganging up on the United States?
- 17:21And what will that mean for the price of gold and silver?
- 17:25I'm going to talk to you tomorrow in depth about the
- 17:27unit. OK guys, there is a massive,
- 17:30massive big news event that could, OK, could happen on
- 17:35October 22nd, October 23rd of this year.
- 17:38That's when they're having the big Brick Summit in Russia.
- 17:41And there are people saying that at that summit and in the
- 17:44meetings leading up to it, we could very likely hear about a
- 17:48gold backed trade settlement currency that the BRICS
- 17:52countries could use amongst themselves.
- 17:54We're not talking about a gold backed currency that everyday
- 17:58citizens in those countries would use, but like a gold
- 18:00backed currency, they could be used for trade purposes and
- 18:04settling trade between those countries and that it would be
- 18:06back 40% by gold. It would be on the blockchain,
- 18:10so it would be immutable. It's not a crypto, OK, not a
- 18:14crypto. And people are saying that it
- 18:16could present massive a competition even for Bitcoin,
- 18:21right? That this new unit currency
- 18:25could could really potentially throw a wrench into the whole
- 18:28Bitcoin thing because it will be backed by physical gold.
- 18:32And then the other 60% will be backed by local currencies that
- 18:36will also be required to one extent or another to be backed
- 18:39by gold. The world, it sure feels like
- 18:42right is they're ganging up on the United States, they're using
- 18:46precious metals and can you blame them?
- 18:48I mean, you know, I think they actually looked, they thought
- 18:51about trying to use other things to back up this trade settlement
- 18:54currency and they basically came to the conclusion like there's
- 18:58nothing as good as gold, right? Oil's next to impossible.
- 19:01It gets consumed. It's hard to grade.
- 19:03There's, you know, it's flowing everywhere.
- 19:06We, you know, whatever they they came back to gold.
- 19:10Does it make sense, right, that the Bank for international
- 19:13settlements, what just the basil 3 just a few years ago that they
- 19:18made gold a tier one asset. They moved gold, physical gold
- 19:23up to the same status as government bonds as cash.
- 19:27OK, tier one asset. Does that make sense?
- 19:30Does it make sense that the world central banks all over the
- 19:34world, right? And this isn't really like front
- 19:37page news, but the world central banks have been repatriating
- 19:41their gold for the last, excuse me, number of years.
- 19:46And on top of that, did you hear, have you heard that the
- 19:51that the world central banks are also buying a lot of gold?
- 19:54So it's going to be interesting. I'm going to dive in a little
- 19:56deeper tomorrow on this unit subject.
- 19:59So make sure you join me. Hopefully I'll get to feeling
- 20:04better. I hope you're feeling better.
- 20:07I've been sleeping with one of those C pap.
- 20:09Oh, I forgot to. Oh my gosh.
- 20:10I got to say thanks to the sponsors.
- 20:11Thank you First Mining Gold for sponsoring Ron's basement.
- 20:15You can learn more about them at firstmininggold.com.
- 20:17Thank you for tuna mining, for sponsoring Ron's basement and of
- 20:21course, our friends. Let's go check guys.
- 20:24We haven't done this. I know it's been, it's been
- 20:26difficult. Let's check.
- 20:27Press the magic pinbecks button. This is an old quote from about
- 20:3145 minutes ago. Down $11.00 on gold, down 33
- 20:36cents. I'm going to press the button on
- 20:37one 2-3 and we're down more. That wasn't supposed to be like
- 20:44that $15. Well, hey, that gives you a good
- 20:47chance to buy some silver and gold if you're interested at
- 20:50really good prices, sale prices as compared.
- 20:53I mean, Can you believe silver $28.99?
- 20:57It was flirting with $32 just like less than three days ago.
- 21:01It feels like 3 trading days ago.
- 21:04So if you want to get your hands on some silver, gold or
- 21:06platinum, I like pin backs. I'll never tell you what you
- 21:10should do, but I will say that you should at least consider
- 21:13them, throw them into the mix because what you'll find is
- 21:16they've got great selection, great service, great reputation,
- 21:20it's company you can trust and their prices are always awesome.
- 21:24It's kind of like a one stop shop for me and everybody from
- 21:26the basement that's gone there and bought gold.
- 21:29Silver has written me, I've gotten e-mail after e-mail with
- 21:33people saying thank you. So I'm very confident you'll be
- 21:36very happy. And if you ever decide to
- 21:37convert all or part of an IRA, excuse me guys, I'm dying over
- 21:43here to precious metals, they can help you with that as well.
- 21:46Thanks to those guys who can't print silver.
- 21:50Thank you. Andy Oakley.
- 21:53Wow. Yeah.
- 21:54Susie, see if we can get to 100. Thumbs up, huh?
- 21:57Wow, guys. Annie Oakley, Scott Richards.
- 22:00I can't always listen to live broadcast, but I always find the
- 22:02recording. Thanks for your daily work.
- 22:04You got it, buddy. Yeah.
- 22:05It's been hard lately, guys. This has been this has been kind
- 22:09of a difficult summer. And, you know, I think that the
- 22:13fall will bring us some really, really good times.
- 22:16Hello, Silvershire. Thank you.
- 22:18Thanks to Annie Oakley. Silvershire.
- 22:20Susie and as always, if he's not here, I don't see him.
- 22:24But Jake from Jake's Custom Parts, all the moderators, I
- 22:27tell you what guys, type 8888 for all four of those moderators
- 22:32because those that moderate are great.
- 22:35Where do you think the silver price is going to be?
- 22:39We got 100 thumbs up. OK.
- 22:40Hey guys, this is the pocket pinger.
- 22:44They sent this to me. It was very nice of them.
- 22:46One of the basement dwellers and it's a way to test silver, but I
- 22:50use it to ring 10 Dings of the of the silver.
- 22:53You're going to hear some silver ringing here.
- 22:55OK, that's for the 100 thumbs up.
- 22:56Thank you. I did a couple extra.
- 23:08What the heck? It's a special day, right?
- 23:10All right, guys, hang in there. Things will get better, OK?
- 23:13We're in for some good times. I know right now it is chaotic
- 23:17out there, right? Assassinations, presidential
- 23:20candidates, IT outages, wars in Ukraine, wars and in Israel.
- 23:28I mean, it's just it's crazy town, but we're going to get
- 23:31through it. We'll get through it together.
- 23:32Thank you. OK.
- 23:33And I'll see you soon.