Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / $3700 Gold Price Prediction from Robert Kiyosaki -- ($68 SILVER)

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$3700 Gold Price Prediction from Robert Kiyosaki -- ($68 SILVER) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Our old friend. Robert Kiyosaki is at it again
• 0:04
  last week. He puts out a tweet about
• 0:07
  silver, $68 gold. How does $3700 gold sound to
• 0:14
  you? Let's dig into what he said and
• 0:17
  and and add our. Thoughts to the subject matter
• 0:20
  of $3700 gold. Because it sure feels like right
• 0:25
  now. Are you feeling it?
• 0:27
  The gold is trying to build a base.
• 0:31
  Silver is trying its hardest. To build a base and the good
• 0:35
  news guys. Is that the base that
• 0:38
  potentially is being built now could act as a platform for
• 0:43
  astronomical price increases as we head into the end of the year
• 0:48
  and into next year, now we all know.
• 0:50
  We're going to be realist, right?
• 0:52
  This could be another. Lucy pulls the football
• 0:56
  situation. That's all we've experienced
• 0:58
  over the last. Two years.
• 0:59
  So it's normal that maybe? Are you feeling a little
• 1:03
  battered? Are you?
• 1:04
  Do you have Battered Bull Syndrome our our, our friend?
• 1:08
  Larry Leopard coined that term a.
• 1:10
  Few years back and we're going to.
• 1:12
  Talk about what? Larry sees some scary things
• 1:15
  going on in the United States. I mean spooky.
• 1:19
  Scary Halloween level. Scary.
• 1:21
  And it is Halloween season, so we're going to.
• 1:23
  Talk about that. But are you battered over the
• 1:27
  last two years, right? Lucy has pulled the football
• 1:30
  every time we think up. We're off to the races, the gold
• 1:34
  mining stocks, the silver mining.
• 1:36
  Stocks, the price of silver bullion The price of gold
• 1:40
  bullion start to show signs of life.
• 1:43
  Only to be the rug gets pulled however you want to say it,
• 1:46
  Lucy. Pulls the football.
• 1:48
  I want to tell you something. OK, you need.
• 1:50
  You need to recognize this as the truth.
• 1:53
  Although even I, if I'm honest with you, sometimes have my
• 1:57
  doubts, right? As a silver and gold investor,
• 2:00
  with everything we've been through, it will end.
• 2:03
  There will be a day when. True price discovery does occur
• 2:09
  when silver and gold are recognized again.
• 2:13
  As the as the true store of wealth and achieve a reasonable
• 2:19
  and fair. Level.
• 2:21
  Price level to reflect their true value and what they mean to
• 2:25
  the world. It will happen.
• 2:27
  It will stop raining. It hadn't rained in Saint Louis
• 2:29
  for like 16 years. Well, it felt that way.
• 2:34
  Grassy down in my. Yard 3 weeks ago.
• 2:36
  I should have known that would have.
• 2:38
  Triggered a huge drought, but today it finally started raining
• 2:42
  again. When it you know and when.
• 2:43
  It rains for three or four or five days in a row.
• 2:46
  It feels like it'll never stop raining.
• 2:48
  When the price of silver and gold get beat down, beat down,
• 2:50
  beat down for years and years, maybe you start to feel like
• 2:54
  it'll never get better. It'll never.
• 2:56
  Guys, it will change, OK? I don't know for sure.
• 2:59
  Nobody does that right now. Today is the pivot point when
• 3:04
  things do change, but it will change.
• 3:07
  Remember what happened back in the 70s and I'm seeing more and
• 3:11
  more. Are you seeing this?
• 3:12
  I'm seeing Ray. Dalio, the head of of Blackwater
• 3:16
  or not Blackwater, BlackRock. Blackwater.
• 3:19
  BlackRock. Whatever.
• 3:21
  BlackRock, the world's biggest institutional investor.
• 3:24
  Larry Fink I believe is his name is saying that is uh oh can you
• 3:31
  guys? See me?
• 3:32
  I can't see myself. Am I buffering?
• 3:35
  Let me know you can see me and hear me.
• 3:38
  Andy Oakley. Well, the the the head of
• 3:42
  BlackRock. All right.
• 3:43
  Ray Dalio. I believe even we've got Jamie
• 3:46
  Dimon from JP Morgan Chase, they're all saying things that
• 3:50
  lead us to believe that we are in a very similar circumstance
• 3:52
  to what we were in in the 1970s in this country A.
• 3:56
  Period of time. Need I remind you, silver and
• 4:01
  gold enthusiasts a. Period of time when we had
• 4:04
  unbelievable increases in the price of the precious metals.
• 4:10
  It's absolutely crazy out there if you can still see me and hear
• 4:15
  me. Please, please type 5 by 5,
• 4:19
  because on my computer I can't see myself right now, which is a
• 4:23
  little unsettling. I have to be honest.
• 4:26
  Yeah, you can see me and hear me OK.
• 4:29
  Let's talk about. Let's talk about what, our
• 4:32
  friend. Mr. Kiyosaki had to say last
• 4:36
  week about the silver price and gold price and an interesting
• 4:41
  tweet or a twit. We'll borrow an X.
• 4:43
  What do they call it? X now on Twitter?
• 4:46
  Here's what he said, he said. Quote Gold will soon
• 4:50
  breakthrough $2100 and then take off.
• 4:55
  You will wish you had bought gold below $2000.
• 5:01
  Next stop. For gold is $3700.
• 5:06
  Now we get bashed. Because we talk about $2600 gold
• 5:09
  next year, which I firmly. Believe is a good probability,
• 5:14
  not guaranteed. Don't make any financial
• 5:16
  decisions based on anything that I.
• 5:18
  Say but a good probability that we could see 20.
• 5:21
  Robert Kiyosaki is saying $3700 gold now.
• 5:25
  Sure. He is prone to exaggerated
• 5:29
  predictions. No doubt about it, but let's
• 5:32
  just take a look. Who is Robert Kiyosaki?
• 5:35
  He's a best selling financial author.
• 5:37
  Have you heard of the book? Rich Dad, Poor Dad.
• 5:41
  He's respected around the world, he.
• 5:43
  Knows the value of gold. He understands the value of
• 5:49
  silver, right? He knows what happened in the
• 5:52
  70s and. 80s with the silver pricing, gold price, so when?
• 5:56
  Robert Kiyosaki says $3700 gold. Our ears will perk up.
• 6:01
  Let's see what he said about silver, because Kiyosaki wrote
• 6:05
  or added that he expects the price of silver to increase from
• 6:10
  23 dollars. All the way to 68 dollars an
• 6:15
  ounce. He says.
• 6:17
  Savers of fake dollars. People that are saving their
• 6:21
  money in cash, right? Dollars, electronic.
• 6:25
  Dollars, paper, dollars, whatever they are, I'm going to
• 6:28
  use a different word. He used one that started with F,
• 6:32
  and I'm going to use one that starts with S Not our favorite S
• 6:35
  word. Stagflation.
• 6:36
  MO screwed, OK? Please tell your friends to
• 6:41
  wake. Up Robert Kiyosaki is sounding.
• 6:44
  The alarms tell your friends to wake up, Wake.
• 6:48
  Up. If you tried to tell your
• 6:50
  friends to wake up, I'm going to tell you right now.
• 6:53
  Don't even waste your time. You will.
• 6:55
  Become so frustrated because most people don't want to wake
• 6:59
  up. They don't want to wake up.
• 7:01
  They don't want to get out of bed until the very last minute
• 7:04
  until they absolutely have to. And Coin Shop Chris.
• 7:08
  Likes to say that he's going to leave.
• 7:10
  He's going to leave. A case of beans on his front.
• 7:15
  Porch and say here, take a can of beans, OK?
• 7:18
  Most people don't want to wake up to what's going on.
• 7:22
  Now, sure, Robert Kiyosaki again, you know, makes some
• 7:25
  pretty extraordinary predictions.
• 7:27
  But when he's talking about. $3700 gold when he's talking
• 7:31
  about 60. $8 silver, do you think at that point?
• 7:36
  That you're going to be able to buy it number one if you do or
• 7:39
  convert cash. If you do, you're going to be
• 7:44
  paying a much higher price #1 number.
• 7:46
  Two, I would predict and I get this this blowback all the time
• 7:52
  from you guys. If we get $68 silver, you won't
• 7:56
  be able to find Silver. OK.
• 7:59
  And and and it's realistic within a realistic set of
• 8:03
  parameters. That we could get to 68 dollars
• 8:05
  silver and when we do, OK. Sure, there will be people,
• 8:10
  quote UN quote, converting their silver into Fiat.
• 8:13
  I don't think that's a smart thing to do.
• 8:15
  I think it's smart to convert your silver into other real.
• 8:17
  Assets but that's. The subject for a different
• 8:20
  time. OK, people will be converting,
• 8:23
  but there's going to be a lot more people wanting to buy.
• 8:28
  Everybody, everybody thinks within the context of how small
• 8:31
  the market is right now, guys, the market for silver in
• 8:35
  particular. People that stack silver is very
• 8:39
  small. If that market grows right, you
• 8:42
  can people say, well, there's. No way, $68.
• 8:45
  Everybody will be melting grandma silverware.
• 8:47
  It doesn't matter because you might see 5810 times as much
• 8:53
  buying demand demand from individual investors to get
• 8:57
  their hands on. Physical silver that it could
• 9:00
  support, a price that high? Potentially even into the triple
• 9:04
  digits, like our friend Keith Newmeyer from First First
• 9:07
  Majestic. Silver likes to talk about on a.
• 9:10
  Regular basis, the idea that we could have $100 silver.
• 9:15
  But everybody would be selling, everybody would be.
• 9:17
  Not necessarily, because we could be in an environment where
• 9:20
  silver's 100. Dollars, but a loaf of bread
• 9:24
  right at ALDI or another discount?
• 9:26
  Quality. You know quality.
• 9:28
  Loaf of bread that maybe cost $2.00 per loaf right now could.
• 9:32
  Cost $8 per loaf, right? So who knows how this all?
• 9:37
  Plays out, but it's very interesting.
• 9:39
  I also want to point out that in previous tweets and in previous
• 9:44
  interviews, Robert. Kiyosaki has even predicted 5,
• 9:47
  $1000 gold by the year 2025. Let me let me go back though, to
• 9:53
  his most previous prediction, it said on Tuesday this.
• 9:56
  Was last week, Kiyosaki explained.
• 9:58
  Inflation makes the poor and middle class.
• 10:02
  Poorer because they work for and save in dollars.
• 10:07
  Yet inflation makes the rich richer.
• 10:10
  Why? Because today's rich work for
• 10:13
  and save gold, silver and Bitcoin, he did throw a Bitcoin
• 10:17
  in there on several occasions. He referred to Fiat currency,
• 10:22
  including the US dollar, as fake money.
• 10:28
  Excuse me, hold on one second. I'm having an attack.
• 10:36
  He referred to it as fake money. What do we basement dwellers?
• 10:39
  What? Do we refer to it as Unicorn
• 10:42
  fart dust? Right?
• 10:43
  Want a coin Shop? Chris's favorite terms?
• 10:45
  Fake money. While regarding gold and silver
• 10:48
  as God's money and Bitcoin as people's money, I don't agree
• 10:53
  with him on Bitcoin. But that's OK, right?
• 10:55
  There's a lot of people who keep 1 foot in both pools, but
• 10:59
  nonetheless that's what he's saying guys.
• 11:02
  We got a package to open that came all the way I'm going to.
• 11:07
  Cover up the address from New Hampshire.
• 11:09
  This is. Part of the big giveaway that
• 11:12
  we're doing on Black Friday. OK, November 24th.
• 11:16
  There's a link to a video in the description of this video you.
• 11:22
  Go to the giveaway video. It's 2 minutes long.
• 11:25
  You watch it it. Tells you exactly what you need
• 11:27
  to do to enter the giveaway. We've got over 20 ounces of
• 11:30
  silver, but this came from our friends in New Hampshire, our
• 11:34
  friend Adam Van from Goldback. Let's open it up and see.
• 11:37
  What we have to add to the giveaway.
• 11:47
  I love these. Look at this.
• 11:50
  A black envelope. Let's see what's inside.
• 11:53
  Wow. Wow.
• 11:58
  Oh, man. Hold on.
• 12:05
  Wow. This came from our friend Adam.
• 12:10
  Adam Van at Goldback. Thank you, Adam.
• 12:13
  Whoa. And we have. 5 gold backs, one
• 12:18
  from New Hampshire. We get through these quickly.
• 12:22
  We got a New Hampshire. Gold back.
• 12:24
  Make sure we can see that we have a Wyoming gold.
• 12:28
  Back. These are all different and oh
• 12:30
  man, they are so beautiful. We have the Nevada gold back.
• 12:41
  The camera's not not doing it justice.
• 12:44
  South Dakota and Utah. Gold back OK, these will be.
• 12:54
  Part of the giveaway I'm going to carefully put them.
• 12:57
  Off to the side here, that's one gold back from each state.
• 13:01
  What a great. Way to start A collection.
• 13:04
  And don't forget also guys, we have over 20 ounces of of silver
• 13:12
  and a few other things in the big.
• 13:14
  Black Friday giveaway as well, so please go to the description
• 13:18
  of this video and click on the the link.
• 13:21
  To the giveaway video Go there and make sure you enter.
• 13:25
  Make sure you follow the directions and thank you to our
• 13:28
  friend Adam Van from Goldback in New Hampshire to allow one lucky
• 13:33
  person to win one gold back from.
• 13:36
  Every state. What a great way, like I said,
• 13:38
  to start a collection. Thank you, Adam.
• 13:40
  Wow, thank you my friend. And if you guys have any
• 13:44
  questions about Adam, look him up right.
• 13:47
  He's with. New Hampshire gold back?
• 13:49
  All right, let's get back here. This is interesting.
• 13:56
  We know the BRICS countries are leading the charge for precious
• 14:00
  metals. Absolutely.
• 14:02
  Brazil, Russia, India, China, South Africa, Saudi Arabia,
• 14:05
  United Arab Emirates, Egypt, Iran, Argentina.
• 14:10
  Thank you, Mary. For the Super chat, super chats
• 14:12
  are super appreciated. Thank you.
• 14:14
  Thank you. I have a visual I want to show
• 14:17
  you. Just to let you know, right?
• 14:19
  Think about this that. Part of the world is leading the
• 14:24
  charge developing new markets for silver and gold.
• 14:28
  And sure, we read about it. And sure, most people don't even
• 14:31
  know what's going on. Try to talk.
• 14:32
  To one of your neighbors about the BRICS countries, they're
• 14:35
  like what you know. And then try to talk to them
• 14:37
  about the. Petro Dollar.
• 14:39
  They're like what? We know it's going on and we
• 14:42
  know it's a big deal and this graphic is going to prove it to
• 14:45
  you. I wanted to.
• 14:46
  Share this with you because it demonstrates just.
• 14:50
  How big the bricks are. OK, we kind of poo poo.
• 14:55
  I'm like, oh, it's not a big deal.
• 14:57
  Not a big deal. OK, on that graphic, the blue.
• 15:01
  Is the size of the G 7 economies right?
• 15:05
  America, I don't know. All's in there.
• 15:07
  But Europe, you know, UK, all those countries that's you know.
• 15:11
  US the world's biggest economy. We're the biggest box.
• 15:14
  The red is the bricks. OK, those are the countries that
• 15:18
  are moving towards DE dollarization and are
• 15:23
  recognizing the value of silver and gold on a much larger scale.
• 15:28
  Yes, yes, the G7 is. Absolutely.
• 15:31
  Still bigger, but when you look at this, when you look at the
• 15:35
  size of China, India, Brazil, Russia and then add in the the
• 15:40
  five additional, I'm sorry, six additional countries that are
• 15:43
  joining BRICS in early 2024 that's in two months.
• 15:46
  Guys. What we're seeing is the
• 15:50
  development of a of a major economic power and what's so
• 15:56
  important to remember, OK, not just are they de dollarizing in
• 16:01
  those countries and those are growing countries, OK, those
• 16:05
  economies, the red. Part of that box is expanding
• 16:09
  just those existing countries. It is expanding way faster than
• 16:15
  the G7 countries. But on top of that, the number
• 16:19
  of countries that are going to be included in that red box is
• 16:23
  expanding as well and they are expanding their.
• 16:27
  Efforts to establish new price discovery mechanisms for the
• 16:32
  precious metals, you know, who knows what's going to happen?
• 16:36
  I don't. Have a a crystal ball, but it's
• 16:38
  when I look. At these big picture and they
• 16:40
  aren't talking about that on CNBC, they aren't going to tell
• 16:45
  you about that on CNN, OK? They aren't going to talk about
• 16:49
  it. But it's big and it's real and
• 16:52
  it's happening right now. Right as we are, as we are
• 16:55
  navigating through this period of time, which is.
• 16:58
  Probably, probably going to be like the most extraordinary
• 17:03
  period of change that the world has seen in the last 100 years
• 17:07
  and we're already like 40% of the way through.
• 17:10
  It I got to ring the bell because we got to 100 Thumbs up
• 17:13
  234-5678, 9/10. Thank you.
• 17:18
  Guys, thank you. Thank you for the thumbs up.
• 17:20
  Please, if you haven't given this video a thumbs up that
• 17:23
  really. Helps.
• 17:24
  It makes us all happy, lets us know we're doing a good job,
• 17:27
  Press that thumbs up button. Please, please, please.
• 17:33
  Yeah. I hope you're doing great today.
• 17:35
  I did get the tire fixed. I have an 18 year old Acura that
• 17:38
  I've I've had for. 18 years Susie and I and had a.
• 17:43
  Tire that would lose like £10 of air every week was driving me
• 17:47
  crazy and my friends at Ace Tire and Automotive took good care of
• 17:52
  me on that one. So thank you again for that
• 17:54
  super chat Mary super pre. I think we got another one came
• 17:57
  through. Hold on.
• 17:58
  Here, let's do a super chat recognition.
• 18:02
  It's important. Tony Erickson.
• 18:04
  Thank you, Tony. Wow, you guys.
• 18:07
  Are you guys are blowing me away So these bricks economies we
• 18:14
  know this is going on let's just let's just cover this briefly
• 18:17
  about China and what they're. Doing this comes from US from
• 18:22
  Kitco. Headline says China is dumping
• 18:28
  U.S. Treasuries.
• 18:29
  To buy gold that came from FX Empires, Mr. Zernoff.
• 18:34
  OK, China is selling off Massive.
• 18:36
  Quantities of its US assets and has little.
• 18:40
  Choice, but to reallocate the funds to gold.
• 18:43
  And you know what happens for gold, happens for silver as
• 18:47
  well. That's according to Vladimir
• 18:50
  Zhenov. He's a market analyst at FX
• 18:52
  Empire. He noted that US.
• 18:54
  Treasury data indicates that China is selling.
• 18:58
  US assets at a rapid pace, quote some observers believe that
• 19:04
  China tries to provide. Support to its currency.
• 19:07
  However, China may be selling US assets also due to geopolitical
• 19:12
  tensions. And it's getting.
• 19:14
  Ugly over there, I was. Have you been following what's
• 19:17
  going on? And I mean, it's ugly.
• 19:19
  We're not in favor of war. None of us are.
• 19:22
  But it's ugly. I saw this graphic last night
• 19:24
  that showed. Where the US we've got like like
• 19:27
  attack aircraft carriers all surrounding that area like in
• 19:31
  the red. I mean, I'm not a.
• 19:33
  Great. With geography, OK.
• 19:35
  But basically we've got like four big military flotillas
• 19:39
  surrounding that area and then we're getting news.
• 19:42
  That U.S. Soldiers have been being
• 19:44
  attacked. Let let's hope that the world
• 19:48
  does not escalate further when it comes to geopolitical
• 19:53
  tensions 'cause we have geopolitical tensions.
• 19:55
  But Remember, Remember that key little, that key little point
• 20:00
  which is. Actually a huge big.
• 20:02
  Point for the silver market and the gold market and that is that
• 20:08
  the world, that big part of that graphic I showed you earlier,
• 20:11
  that red part, right, the. BRICS countries that growing
• 20:14
  part those countries when it when geopolitical turmoil heats
• 20:18
  up. And that's what this article is.
• 20:20
  Telling us as well countries like China, Russia, India that
• 20:24
  used to run to the US dollar. In a flight for safety, they
• 20:29
  aren't doing that anymore. They are going to gold.
• 20:33
  And maybe, just maybe, that explains why we have a gold
• 20:38
  price that is still. Hovering as of last time I
• 20:40
  checked it this morning around 19701960 per oz.
• 20:46
  It is so critical guys as we look.
• 20:50
  Forward to new all time highs in gold, measured in U.S. dollars.
• 20:55
  That we consolidate for a little bit that this price kind of
• 20:59
  stays in this range. I'm going to be really upset.
• 21:02
  I don't know how you, but I will be really upset if we get back.
• 21:06
  To this $1800 level again in gold.
• 21:09
  All right. Could it happen?
• 21:11
  Yes, absolutely. Do I think it'll happen?
• 21:14
  No, I think the world's view the world.
• 21:19
  Paradigm. When it comes to gold and silver
• 21:22
  is shifting right now on many different fronts.
• 21:26
  Most importantly, like we've been talking about the
• 21:29
  geopolitical front in this growing.
• 21:32
  Segment of the world right that needs safe haven asset but is
• 21:37
  afraid is scared to use the US. Dollar for two reasons.
• 21:43
  They're afraid of the US. Dollar because it's depreciating
• 21:46
  in value. They know how to work a
• 21:48
  calculator. They can look at the national
• 21:50
  debt. They can look at what's going on
• 21:52
  in the United States and realize that the dollar is being
• 21:56
  diluted. But on top of that, they're
• 21:58
  afraid of the dollar. Being confiscated from them or
• 22:03
  their treasuries being confiscated from them if they
• 22:06
  run afoul of the US government. And so is the world bifurcates
• 22:11
  and that growing portion is looking for somewhere.
• 22:14
  Do you think the Chinese are going to say, well, you know
• 22:17
  what, we'll? Buy Indian rupees?
• 22:19
  No. No.
• 22:20
  Do you think the Indians are going to buy Chinese Yuan?
• 22:22
  No. No.
• 22:23
  What are they going to buy? Especially China and India.
• 22:26
  I mean, those countries, they look at gold.
• 22:29
  Completely different than we do. They're going to buy gold.
• 22:32
  They're going to buy silver. They're going to buy what?
• 22:34
  They know has maintained value for thousands upon thousands of
• 22:39
  years. Now, right now, I think that
• 22:41
  that the powers that be are pumping up Bitcoin right as a as
• 22:46
  a as a relief. Valve as a as a as a way to to
• 22:51
  help. To the extent that they can
• 22:53
  continue to. Possibly continue to put
• 22:57
  suppression forces on the price of the precious metals.
• 23:01
  I really believe that soon we are going to break out the new
• 23:05
  all time highs in the gold price and that's going to be that's
• 23:09
  going to have significant impacts on the silver price as
• 23:13
  well let. Me read just a few more things
• 23:15
  here. This analyst said that he
• 23:17
  believes. And this came from Kitco, our
• 23:20
  friend Neil's that China does not have too many options if it
• 23:24
  wants to reallocate its reserves.
• 23:27
  Interesting, and gold is one of the few viable alternatives to
• 23:33
  US. Treasuries quote In this
• 23:36
  scenario, China could increase its gold purchases in the
• 23:41
  upcoming months, OK? Recent data from the Treasury
• 23:45
  says Chinese investors sold 21.2 billion worth of US assets.
• 23:50
  In the month of August alone. All right, Zernov said He
• 23:56
  believes that, contrary to the prevailing market view, high
• 24:00
  Treasury yields may actually serve as an additional bullish
• 24:04
  catalyst for gold. Guys, we are in unchartered
• 24:08
  waters in terms of, I don't know how old you are.
• 24:11
  I'm 53 years old. We have never been in a
• 24:15
  situation like this during most of our lifetimes.
• 24:18
  We are truly in unchartered waters, no doubt about it, and
• 24:23
  it's going to be interesting to see how this all plays out.
• 24:27
  Now hold on here, hold on. Uh oh, bear with me.
• 24:33
  We're having technical problems. Welcome to Ren's basement, the
• 24:36
  home of technical problems. OK, and the gold and silver
• 24:41
  enthusiast? On a side note, I was astounded.
• 24:47
  Last night to learn that a like a nicely equipped what's going
• 24:51
  on in this world Are you are you like?
• 24:53
  Blown away with inflation, how can they say this is good?
• 24:57
  This this. Is going to knock your socks
• 24:59
  off. So hold on to your socks.
• 25:01
  I was blown away to hear someone talking last night about Ford
• 25:05
  F-150 pickup trucks. Yeah, the UAW is on strike.
• 25:09
  We know all that. But when it comes to the cost of
• 25:13
  just. Living This guy was saying that
• 25:15
  a nicely equipped Ford F-150 pickup truck, a new one right
• 25:20
  now, would cost you close to 85. $1000 I was like, who in there?
• 25:26
  I'm sorry that this is. You and if you got that money to
• 25:29
  spend on a pickup. Truck.
• 25:31
  Who in their right mind is going to spend $85,000 on a pickup
• 25:37
  truck? It was that guy, Scotty.
• 25:39
  He's a auto. Commentator.
• 25:42
  He's on YouTube. I love him, He's great, He's
• 25:44
  funny. And he was like, and I agreed,
• 25:46
  I'm like who? Who's spending 85 grand?
• 25:50
  Is that would you spend $85,000 on a pickup truck?
• 25:54
  I might spend $8500 on a pickup truck, but I'm like, what is
• 25:59
  going on? And if people just want to get a
• 26:01
  new pickup truck, who can afford that?
• 26:04
  I don't. It doesn't make.
• 26:04
  Sense. I mean, it seems like the world
• 26:07
  has gone mad. Do you know who Larry Leopard
• 26:08
  is? Harvard.
• 26:10
  Trained very down to Earth. Big.
• 26:13
  Proponent of gold. Now he's another one.
• 26:15
  He also likes Bitcoin, but he's a huge, huge wealth.
• 26:20
  Manager proponent for gold and silver, he puts out a quarterly
• 26:25
  letter for. His investment to his investors
• 26:28
  and all that. And he he put out his most
• 26:30
  recent quarter quarterly. Letter and he had something very
• 26:34
  scary to say about. The US economy, and this can in
• 26:38
  fact in fact and affect all of us involved.
• 26:43
  Before I say that, let's say. Thank you to our Pinbex sponsor,
• 26:48
  PIM. Bex.
• 26:50
  They're the online bullion dealer if you want to get if you
• 26:53
  think that that maybe it's going to be hard to get your hands on
• 26:56
  silver and gold in the future. Look, I don't have a crystal
• 26:59
  ball, I tell. You that all the time, but I've
• 27:02
  been buying silver from Pembax now for almost a year.
• 27:06
  I've been very happy. I feel like I'm always getting
• 27:09
  the best price and most importantly that I'm getting
• 27:12
  good quality merchandise like I can trust them.
• 27:16
  They package everything up so nicely.
• 27:18
  Go check out Pinbex. If you're thinking about buying
• 27:21
  some gold or silver. Compare them.
• 27:23
  Do your own research and I think you'll find what I found.
• 27:27
  Pinbex is best. Pi, MB, EX Pinbex, Larry
• 27:30
  Leopard. Harvard trained economist or I
• 27:35
  don't know, NBA or something like that.
• 27:37
  But a smart guy and a guy who really is a proponent for silver
• 27:41
  and gold. No doubt about it.
• 27:43
  But he talks about the US fiscal.
• 27:45
  Doom loop. Let me just read this to you.
• 27:48
  OK, and I and and think about what he's saying, he says.
• 27:52
  In our view, the biggest elephant in the room.
• 27:56
  Hold on a second. I think I got an elephant.
• 27:59
  Bear with me. I'm not going to leave the
• 28:00
  screen. Don't leave me.
• 28:02
  Let's just see. If I got an elephant.
• 28:15
  Everyone, say hello to the I think that's an elephant.
• 28:19
  Do they? I guess they do have.
• 28:20
  Tusks. I'm bad with animals, everybody.
• 28:22
  Say hello to the elephant, the biggest elephant in the room.
• 28:27
  We put that over to the side. the US fiscal doom loop to
• 28:31
  refresh U.S. government spending is out of control.
• 28:35
  And there appears to be very little political will to stop
• 28:38
  it. Government spending is up 14%
• 28:44
  year on year tax. Receipts are down 7%, so think
• 28:49
  about what he just said. Our government is spending up by
• 28:53
  14%, but the amount of money coming into our government is
• 28:57
  down 7%. I have a question.
• 29:00
  How can we be having such a? Unbelievable.
• 29:03
  Bidenomics economic miracle when tax receipts are down by 7% year
• 29:09
  on year, does that make sense? Does that make you scratch your
• 29:13
  head? That makes me.
• 29:15
  Scratch my head Fiscal year ended September 2023 is
• 29:22
  projected to have a deficit of over 2.
• 29:26
  Billion. I think that's supposed to be
• 29:27
  trillion or roughly 8% of GDP in the past.
• 29:32
  This is this is where it's critical.
• 29:34
  To understand what he says here, in the past, deficits of this
• 29:40
  magnitude only materialized. During significant downturns
• 29:45
  like the bursting ofthe.com bubble, the 2008 Great Financial
• 29:50
  Crisis, and the C19 crisis, it is unprecedented to have
• 29:57
  deficits of this magnitude, with the economy and employment being
• 30:03
  relatively strong. What he's saying is that the
• 30:07
  elephant in the room that nobody wants to talk about, right?
• 30:11
  Nobody wants to talk about, nobody cares, but it's a big
• 30:14
  deal is that we have. Deficits.
• 30:17
  And you know the story with the debt.
• 30:19
  But the big take away here guys is the.
• 30:21
  Situation we're in now, the spending that we're doing now
• 30:26
  has only traditionally been done during times of massive crisis
• 30:32
  and supposedly we're not in a crisis.
• 30:35
  So what is going to happen when the next?
• 30:43
  Crisis comes up and we're already.
• 30:46
  Blowing the doors. Out with spending.
• 30:49
  What do you think is going to happen?
• 30:52
  That's why we can be scared. That's why when we look out to
• 30:55
  the next. 12 months? Do you think we're going to have
• 30:58
  a crisis in the next 12 months because that's where it gets
• 31:05
  absolutely tear. I'm not trying to be a gloom and
• 31:08
  doom tinfoil Hatter, but it gets.
• 31:10
  Down right there. Nobody.
• 31:12
  All all all. Of our fellow Americans are
• 31:14
  like, duh, you know, everything's good.
• 31:18
  You know, as long as I can, you know, get my Burger King or
• 31:22
  whatever, they don't. They're just like asleep, man.
• 31:25
  They are, aren't they? Is it just me or are they
• 31:28
  asleep? What did Larry just talk about?
• 31:32
  We are in a financial condition right now that usually only
• 31:37
  coincides with massive crisis going on.
• 31:41
  And supposedly everything's good.
• 31:43
  Everything's fine. Just ask Joe Biden.
• 31:45
  Just ask Janet Yellen. Everything's good.
• 31:49
  Sorry, I have a horrible. Tickle in my throat.
• 31:53
  Tickle, tickle. Anyway, what's going to?
• 31:57
  Happen when a, crisis when a. Black Swan?
• 32:02
  A moderate crisis or what? God forbid a.
• 32:05
  Serious crisis comes up. What are they going to do?
• 32:07
  They're already giving it all she's got.
• 32:10
  They're. They're already.
• 32:12
  Spending money like drunken, drunken sailors.
• 32:16
  Heck they're not. Just drunken sailors.
• 32:17
  They're like drunk sailors on on on methamphetamines and I.
• 32:24
  Don't know some other stimulant. It's going to be a very, very
• 32:29
  interesting situation. And on that note, let's get more
• 32:31
  positive. What do you say?
• 32:33
  Let's get positive, right. So what if we do have a big
• 32:36
  crisis? Well, what did?
• 32:37
  Elon Musk, just say like him or hate him, you know, he's a smart
• 32:42
  guy and he speaks his mind. I'll give him that.
• 32:45
  Here's what Elon Musk said World War Three.
• 32:48
  How do you feel about World War Three?
• 32:50
  Let's see, Let's see how. What Elon thinks about World War
• 32:53
  3. Says during a.
• 32:56
  Recent Discussion On Monday, Elon Musk warned that he
• 33:01
  believes the West is quote UN quote.
• 33:04
  Well, here we have it. Sleepwalking our way into a
• 33:08
  World War. Three, and putting civilization
• 33:13
  itself at stake. Musk noted that America is
• 33:17
  lagging behind both China and Russia in terms of industrial
• 33:24
  output and Western leaders. Are pushing those two countries
• 33:29
  closer together in an axis of immense power.
• 33:33
  Against the West laying the groundwork for World War Three?
• 33:37
  Elon Musk said it. I didn't say it, he explained.
• 33:41
  Quote Russia has the raw materials.
• 33:45
  And China has the industrial capacity.
• 33:49
  So, you know, Russia is like like.
• 33:51
  Natural resource rich China doesn't have that many natural
• 33:56
  resources. But man, can they make stuff.
• 33:58
  Just go walk through a. Walmart and look around and you
• 34:01
  can see visually that yes. China can make a lot of stuff,
• 34:05
  he says. Quote.
• 34:06
  It's frankly a perfect. Match from a war standpoint.
• 34:11
  So I think we need to stop doing that.
• 34:14
  It's unwise and I think will lead to an immense risk to
• 34:18
  civilization. Let's hope it doesn't get to
• 34:21
  that. Hey, thank you guys.
• 34:22
  Oh, can we get the 200 thumbs up?
• 34:24
  I can't hardly talk anymore. We got a. 199 Can we get Can we
• 34:32
  get 202 hundred thumbs? Up I want to ring the cowbell
• 34:35
  for you guys. Man, it's so awesome.
• 34:38
  Thank you to all of the moderators.
• 34:41
  Like my computer died. I know Annie Oakley's here.
• 34:45
  I know that Mary Radcliffe's here coin shop.
• 34:47
  Chris. Jake from Jake's Custom Parts.
• 34:50
  I'm missing somebody. Jim M How can we forget our
• 34:53
  friend, our good friend Jim M huh.
• 34:55
  Jim M is here. Hey, somebody in the comments.
• 35:02
  Can you see me still? Hello.
• 35:05
  Hey, I want a question from you. Type three question marks.
• 35:11
  It's over on the bottom right side of your keyboard.
• 35:14
  And throw out a question or throw out something that you
• 35:17
  want to hear me comment on. Or throw out a criticism, throw
• 35:20
  out some advice. I don't care.
• 35:22
  Whatever. I'm going to give a few minutes
• 35:23
  to you right now and I'm going to go ring the cowbell, so
• 35:27
  you've got a few. Seconds to type something in.
• 35:29
  OK. That's the old cowbell for 200
• 35:41
  thumbs up. Yes, thank you for the Super
• 35:44
  Chat. Tony, thank you everybody.
• 35:47
  OK, if you have a. Question A comment.
• 35:49
  This is your This is the time. Oh boy, I got to.
• 35:51
  Get to the bottom Tacos. Tacos.
• 35:56
  Yeah, more cowbell. Oh man, you guys have been
• 36:02
  great. Where's the hot?
• 36:03
  Dog. Well, I'm so glad you asked.
• 36:07
  My moderators asked me not to show the hot dog because.
• 36:09
  People were making crude comments about the hot dog, but
• 36:12
  here's the hot dog. Here it comes.
• 36:16
  There's the hot dog. He's not gone, but the bequest
• 36:21
  of the moderators, he's it only makes very rare appearances.
• 36:25
  So there you go, Brixpay. Yeah, Jake, that's a great.
• 36:29
  Question that I don't have a great answer for.
• 36:32
  Several people have sent sent me this website called Brixpay.
• 36:37
  Which is like an electronic form of payment that the BRICS
• 36:40
  countries are developing amongst themselves.
• 36:43
  I haven't been able to dig into it deeply because of travel and
• 36:47
  some other things, but it looked very.
• 36:49
  Interesting. I didn't see any way that it was
• 36:53
  linked to precious metals linked to gold and silver, but the
• 36:56
  bricks? Are are, are, are cementing?
• 37:01
  Payment options between themselves, including this
• 37:04
  Bricks Pay, and it's an impressive it was an impressive
• 37:07
  website. I have to be.
• 37:07
  Honest, when I looked at it, I was like, wow.
• 37:10
  They're They're legit and it's very clear.
• 37:13
  Easy to understand, but like I said, I haven't.
• 37:15
  Been able to really do a big, a big deep dive onto that.
• 37:20
  I don't know if Pinbex delivers overseas.
• 37:23
  I do not think that they do. I think they're they're
• 37:26
  constrained right now to the continental US Honestly, I don't
• 37:30
  know about. Canada either, but I know in the
• 37:34
  United States it's, you know, it's a it's it, it works good.
• 37:37
  Call them or. E-mail them and ask them and
• 37:40
  they will be able to give you. Hey, Abram's here my friend
• 37:43
  Abram. Guys, I did a great interview
• 37:46
  with Abram Taylor. It came out yesterday afternoon.
• 37:51
  You can go to the channel and search on that.
• 37:53
  Abram is a wealth. Of knowledge when it comes to
• 37:57
  the precious metals. He's also very involved with
• 38:00
  Gold Back, like our friend Adam Band who's also on this live.
• 38:03
  Stream thanks to all the guys at Gold Back Gold.
• 38:06
  Backs, from what I understand and I'm hearing this through
• 38:08
  many channels are are selling like hotcakes, right?
• 38:15
  There's like a. Big demand for gold backs so.
• 38:18
  It's a very interesting concept. I I like the gold.
• 38:22
  Backs and go watch my my interview that I did with.
• 38:27
  With Abram and you can learn even more.
• 38:31
  Dean R OK, where do you put a comment for the drawing in?
• 38:36
  OK, let me make this real clear and I want to give you a big
• 38:38
  warning as well. There's a separate video for the
• 38:42
  giveaway. It's like two or three minutes
• 38:44
  long. There's a link to the giveaway
• 38:45
  video. In the description of this live
• 38:48
  stream of this. Video.
• 38:50
  You go to that little video. And you have to put in the com.
• 38:55
  You have to leave a comment on that video that says.
• 38:57
  Thanks, Pembax on that video. OK, now I'll give you guys a big
• 39:02
  warning. There's been some scammers that
• 39:04
  have been sending messages to people in the comments section
• 39:08
  of that video saying, hey, you won, congratulations, send us
• 39:12
  money, send us your address. That is not me.
• 39:15
  The only way that you can contact me is through e-mail.
• 39:20
  Really. I have no way to contact you
• 39:22
  unless you e-mail me, so don't fall for anybody telling you you
• 39:26
  won or anything like that. The drawing will be on Black
• 39:29
  Friday, November 24th and not a minute too sooner, so watch out
• 39:34
  for scammers. Be alert.
• 39:36
  Thank you Alexander. Thank you for that super chat my
• 39:39
  friend. Very, very.
• 39:41
  Nice. Wow.
• 39:42
  Wow. Wow.
• 39:43
  Wow. All right, guys.
• 39:46
  Thank you again for being here. I appreciate your.
• 39:50
  Time. I'll be back tomorrow.
• 39:51
  Have a great day. Thank you to all the moderators
• 39:54
  and I'll see you guys soon.