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💰 SILVER & GOLD Investors! 💰 Now YOU Know!.. (News Update) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Massive news in the precious metal sector.
• 0:02
  Jerome Powell talks about gold. Yes, that Jerome Powell, the
• 0:07
  chief of the United States Federal Reserve, that
• 0:10
  organization that we all hold in such high esteem, said something
• 0:15
  very interesting about gold, but it made Bitcoin shoot to over
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  $100,000. So why, as precious metals,
• 0:24
  silver and gold investors, do we want to pay attention to what
• 0:28
  Jerome said and dig a little bit under the surface to see what's
• 0:32
  really going on? Let's go take a quick look at
• 0:35
  what CNBC is reporting about this major statement from our
• 0:40
  old friend Jerome Powell says right here.
• 0:42
  What? What FED chief Powell said about
• 0:45
  crypto that may evaded bitcoins rally to $100,000.
• 0:50
  But this is really all about gold, all about precious metals.
• 0:55
  Here let's there he is hello Jerome Powell.
• 0:59
  Bitcoins meteoric meteoric run may have gotten a little extra
• 1:02
  push from an unlikely unlikely source.
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  Federal Reserve Chair Jerome Powell, in comments Wednesday
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  about the crypto. He noted that he does not and
• 1:12
  cannot own any himself. Blah, blah, blah, down in
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  yellow. This is where it gets
• 1:15
  interesting. There's three big things we're
• 1:18
  going to talk about in regards to gold, the Fed and Bitcoin, it
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  says in yellow. However, he also maintained that
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  Bitcoin is not a challenge for the traditional currencies such
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  as the US dollar, but rather for gold.
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  Very interesting in red. And don't worry, we're going to
• 1:38
  break this down in a few seconds guys.
• 1:40
  But in red, people use Bitcoin as a speculative asset, Powell
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  told CNB CS Andrew Ross during the New New York Times Summit
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  quote. It's just like gold, only it's
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  virtual, It's digital. People are not using it as a
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  form of payment or a store of value.
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  It's highly volatile. It's not a competitor for the
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  dollar. It's really a competitor for
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  gold in yellow. Those who watch the crypto
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  markets. For those who watch the crypto
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  markets, the Pow comments whether unwittingly provided a
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  sense of legitimacy for Bitcoin right being compared to gold and
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  help drive it a leg higher. Bitcoin jumped over $100,000
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  barf barf in red. We believe the Fed chairs
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  comparison of Bitcoin to gold is a significant development as it
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  introduces another level of credibility to Bitcoin as a
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  major asset in global markets, said Joe Kruger Joel Kruger
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  market strategy for L Max Group in in yellow quote.
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  The fact that gold is still about 10 times larger than
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  Bitcoin should offer additional insight into how much more room
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  there is for it to grow. OK guys, here's the important
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  thing. Three big takeaways from this.
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  And this is actually good for those of us who know the real
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  value of gold and silver, all this crazy fur going on right
• 3:10
  now surrounding cryptocurrency. Think about a couple things #1
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  Jerome Powell, based upon past experience, typically, whatever
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  he says, the reality may be something different.
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  OK, so whatever he's saying, we take with a big grain of salt.
• 3:27
  But the big key take away one of the other two big key takeaways
• 3:32
  is that comparing Bitcoin to gold, they're all talking about,
• 3:35
  oh, this is great Jerome Powell compared Bitcoin to gold.
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  What does that reinforce for us? What we already knew Gold is the
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  ultimate store of value. Now all the bitcoiners are
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  saying, hey, look, excuse me, they're they're comparing
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  Bitcoin to gold. That's a good thing.
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  That's a good thing, right? Think about it, think about it.
• 3:55
  OK, think about it. Now I got one more big, big
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  point I want to make on this subject.
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  But first, if you believe in real assets and you make the
• 4:03
  decision that you want to invest some of your hard earned money
• 4:06
  into real things like gold, silver, platinum, group metals,
• 4:10
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• 4:20
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  I know a lot of our fellow community members trust them.
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  You need to find out for yourself, so if I will never
• 4:57
  tell you what to do, just make a recommendation and say that you
• 5:00
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• 5:04
  The final thing, the big point that I want to make on this
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  whole gold Bitcoin thing is this guys bringing up this fact
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  right, like the gold markets 10 times bigger than Bitcoin, which
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  it is OK, the market cap of gold is 10 times bigger.
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  It's such a great thing. Now that they're comparing
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  Bitcoin to gold, it actually helped Bitcoin get over
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  $100,000. Think about that.
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  That's not my big point. My big point is this if if the
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  gold market is 10 times bigger, why does the gold market we are
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  the undercover you are you are smarter than the average bear.
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  Trust me for precious metals, because while the gold and
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  silver markets are 10, sometimes bigger combined, I know silver
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  alone is not none the less. Well, well, well, they're 10
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  times bigger. They get less than 10%,
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  definitely less than 10% of the attention from the mainstream
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  media. There's like this mainstream
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  media brainwashing campaign going on to get everybody to
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  invest in crypto. I don't know guys, when I look
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  at the big picture, you got your own pal, right?
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  Comparing Bitcoin and gold, and that's sending Bitcoin to a new
• 6:16
  all time high. I don't know about you, but I'll
• 6:19
  stick with gold. Now, if you want to get some
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  They've got a gold silver operation in Latin America and
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  an expanding gold production profile in West Africa.
• 6:56
  Gold, is it? Hey, even Jerome Powell, even
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  the Bitcoiners are admitting, right.
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  Gold and silver, precious metals.
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  That's where I want to be right? That's my opinion.
• 7:06
  You've got your opinion. Share it with us in a comment.
• 7:09
  Thanks for being here. Come back, see us again.
• 7:12
  You're always welcome here. Subscribe if you want to be a
• 7:15
  part of our group and get new content every day.
• 7:18
  I'm going to stop talking. Have a great day and I'll see
• 7:21
  you. Yes, you soon.