Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER** You're Doing Something VERY IMPORTANT! 😉 (Gold Price Also)

Transcript

**SILVER** You're Doing Something VERY IMPORTANT! 😉 (Gold Price Also) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
It's happening, gold and silver investors, and you are making it
0:06
happen. We're going to talk about that
0:08
in a minute. But I also today learned some
0:10
shocking information. I took my daughter's shoe
0:14
shopping that took about four hours, but I talked to one of
0:19
the clerks at the local Nike outlet store, Nike outlet store,
0:23
and he shared something with me, which is absolutely shocking.
0:28
We're going to talk about that a little bit later, but let's talk
0:30
about the fact that it's happening right now, right?
0:34
We're going to move into some information from UBS big
0:37
international bank, what they're saying about gold.
0:40
We're going to talk about that. It's happening.
0:42
It's not just percolating. We're starting to see a few
0:45
bubbles on the bottom of the pot and things are starting to move
0:48
for silver and gold. But you know what you're doing
0:52
when you own silver, when you own gold, when you, when you
0:56
convert, right, your paper money like this, the old trusty
1:00
dollar, my favorite prop here in the basement.
1:03
When you convert this into real money, this silver, OK, you are
1:11
taking a step outside the system.
1:14
OK, You are doing what the founding fathers of this country
1:19
wanted you to do. You're not playing in their game
1:23
now, granted, right? We have to play in the Fiat
1:26
paper we have. We have to play with this.
1:28
It's fun to play. It's play money, right?
1:32
They force us, don't they? Right.
1:34
We're forced to play with this. Most states don't have legal
1:38
tender legislation and, and, and doing day-to-day transactions
1:43
outside of this with silver number one is very cumbersome #2
1:47
very costly because there's a big transaction cost involved
1:51
with it. Right?
1:53
OK. But, but we'll play with their
1:55
play money a little bit. But when you convert last time,
2:01
I'll show you any of this Fiat into real money and you hold on
2:06
to it. I mean, are you like me?
2:08
Like I've never, I've never sold an ounce of silver.
2:11
I'll swear on my life or anyone for that matter, right?
2:16
I look at it as a long term generational type investment.
2:20
If I have to at some point, absolutely.
2:22
If the price skyrockets, right? If the, if the relative value
2:27
skyrockets, if I can convert, you know, 500 ounces of silver
2:33
at some point for a nice house or some, or some farmland or a
2:37
piece of machinery or something else, right.
2:40
If we get in a situation which I think we could, where the value
2:45
of silver, the value of gold goes through the roof, sure, you
2:50
know, I'll consider converting some of it.
2:53
Not into this crap, excuse my language, paper or electronic or
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any other form of whatever they want to try to convince us is
3:01
worth something, No. So when you own silver, when you
3:06
own physical gold, you're taking a brave step, but you're moving
3:11
outside of the funny money make believe Unicorn fart does
3:15
synthetic world the dream world right?
3:19
It's like we're living in a fantasy land or something that
3:23
most people are living with. Then funny money.
3:26
I mean, really, guys, this is I, I know, right?
3:29
98% of people would listen to what I'm saying, say this guy's
3:33
nuts, this guy's nuts. But they don't take the time to
3:36
dig in and realize what's really going on.
3:39
And you do you step, step outside the casino or however
3:44
you want to say it. And you have the courage right
3:47
to to invest in that real money. Just think about it.
3:52
And we're going to move on. I got some stories.
3:54
I got to tell you what happened at the Nike store today, a very
3:58
young silver stacker. But that's not the shocking
4:01
news, OK? But you're taking that step
4:05
outside the system. And now.
4:08
And the final point we need to drive home on this is just
4:11
think. Think 500 years ago and think
4:15
what this was worth. Think 50 years from now, what do
4:19
you think this will be worth? Wait till you see a price
4:22
comparison that I do with this, right?
4:24
Yes, two strip stakes. What do you think this cost 50
4:31
years ago? Guys?
4:33
These are from Walmart Prime grade.
4:35
I'll tell you more about those later.
4:37
What do you think those costs 50 years ago?
4:39
What do you think this is going to be worth 50 years from now?
4:43
What do you think this is going to get you?
4:45
What do you think this is going to get you 50 years from now?
4:52
I tell you what, it's not my money.
4:55
My value is on this, right? That's a beautiful silver round
5:01
that came from our friend Big Tim, the Silver Shire.
5:03
Wow, that's how close we can get it.
5:06
I know. I chew my fingernails.
5:07
I apologize. I've got a few faults.
5:10
If that's as bad as it gets, that's as bad as it gets.
5:13
OK, But it's happening right now.
5:15
All right, let's just run out. Everybody's talking about gold
5:18
and silver. Everybody.
5:19
It's not just us. Listen to this.
5:21
Let's run out to this article from Kitco.
5:24
Quickly run through this. Here's the headline.
5:28
I don't want. What is this close?
5:30
All of a sudden everybody's talking about gold.
5:33
This is the Alamos Gold's John McCluskey on precious metals.
5:39
And it's true. Gold is finally getting some
5:42
attention from the mainstream press.
5:44
He's the CEO of Alamos Gold. He said that on Wednesday when
5:47
he was talking to Kitco Mining. We talked about this this
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morning, right? The Wall Street.
5:52
Well, let's, let's just go through this Alamos blah, blah,
5:56
blah. Investors appear.
5:58
It's a gross story talking about gold.
6:01
Talking generally about gold, McCluskey said investors are
6:04
starting to notice the metal. Gold has set several all time
6:08
highs in 2024 and recently broke through $2500 an ounce.
6:13
Here's where he says this is what we want to pay attention
6:17
to. I've probably seen more articles
6:21
on gold in the last week that I've seen in the last three
6:25
months. Do you agree with that?
6:28
And when they're talking about gold, the granddaddy of metals,
6:30
they're talking about silver, he said.
6:32
You know, even though gold was running, the press was largely
6:36
ignoring it. And suddenly the Financial
6:40
Times, we covered that in the live stream this morning, has
6:44
got an article on gold. The Wall Street Journal, I
6:47
didn't realize that has an article on gold.
6:51
Everybody's talking about gold. And all of a sudden, OK, Mcclus
6:56
McCluskey speculated that 2500 was the quote magic number that
7:03
we are all waiting for. Do you think, huh, Do you think
7:06
2500? Guys, guys, guys, guys, guys,
7:10
guys, let's go take a look and put a big smile on our precious
7:14
metals face, huh? I think eventually we're all
7:16
going to have gold teeth, but let's put a smile on our face
7:21
and just review. We'll go to this side here.
7:24
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They'll they they, they enable us to come together here in the
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So please support them and please help me remember to pull
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their website up properly. There we are.
7:51
You should be seeing it now. 25 two $1514.00 Gold, silver
7:59
$29.88. I know, not news to you, but let
8:04
that sink in. It's sinking in, right?
8:07
Probably already sunk in to your brain, but think about the
8:11
millions of people this weekend who are just for the first time
8:17
starting to perk up and realize about gold.
8:20
I'm getting all kinds of new emails from new people.
8:24
OK, It's hard for me to respond to them.
8:26
All about gold and silver. It's more than just percolating.
8:30
I don't know what the next stage is, past percolation, but people
8:35
are starting to pay attention. And guys, it is not.
8:39
You got to realize this is an absolute mathematical fact that
8:43
when you start from such a small number of people, a small number
8:49
of money that's invested in the precious metals, it is so easy
8:55
for a small number to double or triple OK from .5% of the
9:02
world's financial assets in precious metals.
9:04
It's real easy for .5 to go to two, but that's a four times
9:10
increase. It's a heck of a lot harder for
9:14
20% to go to 80%. That would also be a four times.
9:18
So we've got this, this, this golden opportunity in front of
9:23
us where we, we, we, we could, right?
9:25
Don't make any financial decisions, don't do anything
9:28
based on what I'm saying. But we could be you and I could
9:33
be way ahead of the curve, way ahead of the curve, right?
9:36
And it's often painful. That's a fact, right?
9:40
Being early. Being early, meaning that we may
9:43
be, you know, stacked a little too early, right?
9:47
Maybe. But precious metal mining stocks
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a little too early, right? Being early can often times feel
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like wrong. Now, I don't think you'll ever
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And that same rule applies if you ever decide to convert part
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You want to do yourself a big, big, big favor.
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type of Pembex theme song and maybe lose my sponsorship.
10:51
By the way guys, let me pull this up for you.
10:54
OK, it'll be a week from today that will be giving away these 3
10:58
silver bars, A10 oz coke bar, A5 oz coke bar and a one ounce coke
11:02
bar. That's 16 ounces of coke, right?
11:05
There's a link in the description of this and all the
11:07
videos where you can learn how to enter the giveaway.
11:11
We got more to cover. I have learned something
11:14
shocking today. OK, my daughter's wanted to get
11:16
new shoes, so we went to the Nike outlet here in Saint Louis,
11:20
The outlet malls in the Chesterfield Valley, right?
11:23
I live in Chesterfield. Chesterfield I, we live in kind
11:26
of the lower end part of Chesterfield, but Chesterfield's
11:29
kind of a wealthy middle, upper middle class area of Saint
11:32
Louis. This isn't a good part of town
11:35
and I learned a couple things. Number one, don't ever go shoe
11:38
shopping with 12 year old girls because we were there for what
11:41
seemed like a long time. But I was very patient, OK and
11:45
and they eventually picked out some shoes after trying on every
11:48
pair of shoes that they had in the store.
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But there was this nice young man who was helping us.
11:53
He told me something shocking that you're going to get out of
11:56
me within the next two minutes. But but he was very patient and
12:01
he would check their toes and their shoes.
12:04
He was really nice. Somehow.
12:07
Of course, I started talking about silver and gold with them.
12:10
He's 21 years old, and he's a silver stacker.
12:13
OK, hold on a second. Felt like I was dying there for
12:25
a moment. And he told me, he said, and
12:27
this guy, he has to stand in the shoe section of this Nike outlet
12:31
store, and it was swamped with people.
12:34
OK. I mean, really, was he used to
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stand there all day long and like put shoes back in boxes
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and, you know, and I was like, and he's like, I'm not going to
12:41
stand here all day. And he's told me he's like, I
12:44
convert part of my money into real money into silver.
12:47
My dad taught me he's 21 years old, super nice young man.
12:50
But this is what he told me that was shocking, you know, because
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you hear these stories about these mobs of kids going into
12:57
stores and, like, ripping off the store, right?
13:01
And this is a Nike outlet store. And I asked him, because my
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daughter's kept trying on all these shoes.
13:05
I said, do people ever come in and, like, put on the new, new
13:09
shoes and walk out the door? He was like, oh, yeah.
13:13
He said it happens at least 5-4 or five times every single day.
13:17
He said on a busy day like today, it could happen as many
13:20
as 10 times. The people will come in, get a
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pair of shoes out-of-the-box, put them on their feet and walk
13:26
out the door. And he said they don't, they had
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to take out the security tags because they were hurting
13:31
people's feet inside the shoes. Like I said, those security
13:34
tags, I said, well, do you chase them down?
13:37
He said no. He said no.
13:39
He said there's nothing we can do.
13:41
He said I can watch the person put the shoes on, walk out the
13:45
door and there's not. I, I, I was like, you don't
13:47
chase me. Like, no, we're not allowed to
13:49
do anything. I said, well, then the police
13:51
get them. He's like, no, the police won't
13:53
do anything because it's not over $1000.
13:57
And I said, you mean to tell me that people just walk into the
14:00
store, put on shoes and walk out the door and nothing happens?
14:05
I mean, he was like, yeah, I said, well, what about do you
14:08
ever get those, like, mobs of kids that come in with, you
14:11
know, he said, oh, yeah, he said they cut.
14:13
That happens. It happens.
14:15
He said they come in and they'll have bags.
14:18
They'll get actually take the bet because we have big bags up
14:21
and they'll take our bags and fill it with stuff and walk out
14:25
the door. I'm like, well, what do you?
14:27
He's like, there's nothing. We I'm like, I, I'm just, I'm
14:30
just like, you know, look again, I don't, we don't live in a
14:34
rich, rich part of town, but it's a nice part of Saint Louis.
14:37
And I'm like, you got to be kidding me that this goes on.
14:40
I mean, what, what is the world? I'll be done.
14:43
We're going to get back to gold and silver.
14:44
What is the world come to, you know, what the heck is going on?
14:50
You can just walk in. I said, and we pay the price.
14:52
So yeah, you pay, you're paying the price.
14:54
So I was tempted. I was like, look at my
14:56
daughter's thinking, hey, go walk out the door.
14:59
It's OK, it's free shoe day. You know which we didn't.
15:03
We paid, of course, but it but I was I was talking to this young
15:06
man. I'm like, well, we all pay the
15:07
price. He's like, yeah, that's right.
15:09
Absolutely. We all pay the price.
15:11
All right, let's go take a look here.
15:14
Let's see what UBS has to say. UBS, let's, let's do you know
15:19
who UBS is? Hold on here.
15:23
Let's go to let's just quickly look and see what UBS is saying
15:29
about gold. UBS Bank, Who are they?
15:38
It's a multinational bank and financial services company,
15:41
blah, blah, blah, blah. UBS was formed.
15:43
OK, Dad, this was the Union Bank of Switzerland.
15:46
You ever hear of Swiss gold, Swiss bank accounts and the
15:49
Swiss Bank Corporation? So this these are the big boys,
15:52
OK? And that's the wrong article.
15:56
Hey, look at this, huh? Yeah.
16:00
You better use your Red Lobster gift card soon.
16:02
They're going away. Here it is investing.com gold
16:07
positioning does not look stretched.
16:10
Does not look stretched despite record highs.
16:13
That's from UBS. This is fresh news.
16:16
OK, I know that may not be impressive to you.
16:20
You're probably looking at more gold, but that's an impressive
16:22
gold picture, if I don't say so myself.
16:26
We got record gold prices. The analyst UBS believes the
16:30
gold market is not overvalued. And you know what that means for
16:36
silver. Hey, tomorrow we're going to
16:38
talk about $44.00 by 44 dollars silver by Christmas and how it
16:42
happens. I'll show you a sneak peek of
16:45
that in a second because I am becoming more and more convinced
16:48
that we're going to get $44 silver by Christmas.
16:51
I could definitely be wrong. Please do not adopt A puppy, get
16:55
engaged, or make any financial decisions based on anything I
16:58
say. But Ronnie and I believe some of
17:01
my fellow basement dwellers who are all hanging out here
17:04
together on a Saturday night, that we believe in the very
17:08
distinct potential that we could have $44 silver by Christmas.
17:12
I don't know if I'm wrong. Maybe I'll do a live string with
17:15
my shirt off and who knows? We'll do.
17:17
There'll be some type of punishment that I will endure.
17:19
Maybe you can come up with a good idea from Raj's basement.
17:23
Here. The analysts consider
17:25
macroeconomic factors, investor positioning and market dynamics
17:29
to conclude that there is. Oh, what?
17:34
The biggest bank in the universe?
17:36
Or Switzerland? Anyway, potential for further
17:40
price increases. Are you feeling it happening,
17:43
guys? The Wall Street Journal,
17:47
Financial Times, Rand's Basement, Chris Marcus at
17:50
Arcadia Economics. I don't know.
17:52
Everybody knows it's happening. We're in a new paradigm, a new
17:58
paradigm. And what the heck's a paradigm?
18:00
I always, that word always bugged me.
18:02
Paradigm and pivot. We've pivoted.
18:04
Pivot, paradigm, whatever. We're in a new weather pattern
18:09
for silver and gold. We'll, we'll keep it simple here
18:11
in the basement. The recent rally in gold prices
18:14
has been largely driven by a favorable macroeconomic
18:18
environment. UBS analyst point to several
18:21
factors that have aligned to support the previous metals
18:24
precious metals ascent dovish Fed expectations.
18:29
OK, we know that one in addition to monetary policy geopolitical
18:34
risk. How many times do we have to
18:35
hear this in an upcoming US election?
18:38
Really there's a an election in the United States.
18:41
I didn't realize that. Thank you for that breaking
18:44
news. Moreover, the US dollars, recent
18:47
weakness. Oh, hold on a minute here, guys,
18:50
guys, guys, let's let's talk about enough of this.
18:53
UBS. OK, so UBS, the biggest bank in
18:56
Switzerland, you know, Swiss Family Robinson, whatever, they
19:02
know the gold's going higher. OK.
19:04
Oh, OK. Thank you for that.
19:05
Breaking news, UBS. We've been talking about that
19:07
since a year ago here in the basement, our fellow basement
19:10
dwellers. And I got a comment.
19:12
I forgot. I forgot.
19:13
I forgot. It's time for me to beg you or
19:16
something. Look, it's a big deal when you
19:18
decide to join me in the basement.
19:20
I've got some big news for you. Forget UBS.
19:23
Swiss Family Robinson. Let's talk about you.
19:26
Thank you. OK.
19:28
Your time's valuable. Sorry.
19:30
OK. It's a big deal.
19:31
When you come here, there's only one you.
19:33
It's not Ron Tube. It's not Raj Tube.
19:36
It's YouTube. Because you.
19:38
OK, So thank you. Please give this a thumbs up and
19:42
subscribe to the channel. If we get to 200 thumbs up, I
19:44
will ring the cowbell if Susie alerts me because I can't see it
19:48
with the streaming software I use called Stream Yard.
19:51
But nonetheless, I'm not complaining.
19:52
I don't think I can see it. I don't know, maybe I can't.
19:55
Anyway, too much to keep track of.
19:58
Please subscribe to the channel. I want you to come back, OK?
20:01
I want you to be part of this group because you are important
20:05
and that's the fact. I want you to feel comfortable.
20:09
I want you to subscribe and I want you to leave a comment in
20:12
the comment section. Guys, we can't figure this out
20:16
on our own. We can't.
20:19
But with the help of people like Andy Scheckman, Chris Marcus,
20:24
Rick Rule, Ron from Ron's basement and the most important
20:29
person, that's you together, right?
20:32
Together we're like a bunch of we're not scared children,
20:36
courageous children walking through a down a dark forest
20:39
path together. And we all have a little
20:41
flashlight and we can all shine it.
20:43
But you know what? If we're by ourselves with our
20:45
little flashlight, it's scary. If we all shine our flashlights
20:49
together and stick together and work together, we'll get it all
20:52
figured out. What was I going to show you?
20:56
Oh yeah, UBS take EU off the front and it's BS Not we're
21:02
happy. UBS likes the price of gold, but
21:05
I think you'll like this even better.
21:08
I got a surprise for you. Yeah.
21:11
All right, let's go over here, run a little field trip on the
21:14
Internet and shine your flashlights.
21:18
Everybody sing Kumbaya. Here we go.
21:24
We might joke around, but this is serious business because
21:28
we're protecting ourselves, protecting our families.
21:30
Let's go to the silver chart. All right, full screen, because
21:40
we want you to have a full screen effect, big screen
21:43
maximum. And here's what we want to look
21:48
at. We're not.
21:50
We're going to look at this a lot in the coming months because
21:54
the US dollar is going to go into a bear market.
21:59
That's my prediction. Now the last time are one of the
22:04
more significant times that the US dollar went into a bear
22:09
market. This red line represents on a
22:12
technical graph what the silver price did.
22:15
As you can see, we started in 2001 with a silver price.
22:20
It's a silver, yeah, silver price.
22:23
That was like $4.64 or, you know, depends on what day you
22:28
look. It got really low here even.
22:29
I mean, it was down right under $5 and over that period as the
22:34
US dollar went into a bear market, this was not that long
22:39
ago. And we're not talking, we're not
22:42
looking at a chart from 1970 or 1935 or 1980.
22:47
We're looking at a chart that is starts about 25 years ago and
22:53
ends about 13 years ago, guys. OK.
22:56
And the silver price during that bear market went from under $5
23:01
all the way to $50. That's what we can look forward
23:06
to. That's what I believe in.
23:09
And that was a 10 times increase.
23:12
So all right, the price of silver can hit $300.00.
23:18
I don't care. I'll say it right.
23:19
You may not like it. You know, the, the, the people
23:22
will, will throw fits and say, oh, whatever, you know, what
23:27
else do we have going on right now?
23:29
We've got a few more things to talk about.
23:31
So then I went to Walmart and I know you like to talk about
23:36
cooking, right? But I bought these, I splurged.
23:40
I didn't know that Walmart. Did you know this Walmart, they
23:44
by the way, they backed their steaks with a 100% money back
23:48
guarantee, but they sell the highest grade beef.
23:54
OK, and I'm going to but we're going to talk about we're going
23:57
to talk about how that what that has to do with this right here
24:01
because I've got the interesting data point.
24:04
All right, this. What does this have to do with
24:08
this? Now, important to remember
24:12
Prime, I'm going to teach you quickly about steak.
24:15
Beef is as is Prime choice select.
24:18
What do you, what do you see when you walk into a computer
24:21
store? PCs Prime.
24:25
That's an acronym. PCs Prime Choice Select Prime is
24:28
the top grade of beef. They're selling prime beef,
24:31
which I've never seen at Walmart.
24:33
OK, so I bought these. I splurged.
24:35
Look, I haven't had a steak in a year.
24:38
All right? And Susie and I, the girls are
24:40
out spending the night at their friend's house.
24:41
So we're having a special night, although she doesn't really like
24:44
steak, but she's going to like this steak because it's good
24:46
steak. She doesn't realize what's
24:47
coming. My question was, so this was
24:51
$27.00 for two New York strip steaks, $15 per pound.
24:57
I wonder. And I thought as we talk about
24:59
the value of this stuff, paper money.
25:01
OK. Compared to how?
25:04
Yes. I'm saying hi.
25:06
Oh, hi, Susie. Where are you?
25:08
I'm right here. Hold on.
25:11
Oh, she's on the steps. Everybody say hi to Susie.
25:16
She's showing herself again. Yeah, you're fine.
25:19
You're fine. We're coming.
25:22
I don't think they can hear you, but Susie says hi.
25:24
She's on the steps. We're going to compare this to
25:27
this. OK.
25:32
To this or to that? That's silver.
25:37
OK, Now let's go check this out. Very interesting.
25:42
There's actually a website. Steak prices and where'd it go?
25:49
Here it is the price. No, come on, I hate these
25:53
websites that do the price of steak the year you were born.
25:58
Oh, this is one of those websites with a zillion pop up
26:01
deals. Anyway, we're going to bear
26:02
through this the price of steak the year you were born.
26:05
And who doesn't love a good steak?
26:09
While vegans and vegetarians, nothing against anybody, that
26:12
blah, blah, blah steak has long been synonymous with good
26:17
eating. Here, you can get the Kobe beef
26:19
steak back to six. Whatever.
26:21
Here, almost $1000 a pound. I've never had that.
26:26
OK, normal steak. Get a good steakhouse will cost
26:29
you 50 or $60.00. Yeah, who can afford that?
26:33
I buy my steaks at Walmart, but Walmart has prime beef, at least
26:36
the one here in Saint Louis. Let's go down.
26:38
This is the price of beef the year you were born, 1935 a a 1
26:44
LB of sirloin cost $0.22. OK, inflation adjusted.
26:51
Bah. Bah.
26:51
All right, let's go down. We're going to weigh it down
26:53
36th. Hold on.
26:55
We better do this like this. We're going to go to 1971, the
26:59
year that I will stop. In 1963 it was a pound, a pound
27:05
of sirloin with $0.63. Now strip steaks are generally 1
27:09
1/2 times more expensive than sirloin, so these strip steaks
27:13
would have cost about a dollar a pound in 1960.
27:17
Three, 1971. Here it is 1971.
27:27
I was one year old. The price of 1 LB of sirloin
27:32
steak was $0.85 per pound. So that would have meant that a
27:37
strip steak back then would have cost about $1.20.
27:41
But what? You know what, we'll to be
27:42
conservative as we always are, we'll say $1.50 a dollar.
27:46
Fifty per pound today, OK, per pound on this package.
27:53
And that was the year Nixon took us off the gold standard.
27:55
We're looking at if you can see that.
27:58
Yeah. 15 dollars, $15 per pound. OK, Again, USDA Prime, right.
28:06
So that's, this is supposed to be the good stuff, $15 per
28:11
pound. Does that does that make sense?
28:13
You know, I don't know, right? You're talking to a guy when
28:17
when we look at the fact that the price of of a steak has gone
28:23
up 10 times since 1971, right. So what's the price of silver
28:31
done since 1971? You know, let's go let's see if
28:34
we can find out here. We'll go we'll go on a little
28:37
field trip. I should know this, but I don't
28:40
So Apollo, I apologize. Let's go to Google and just ask
28:46
price of silver. I have you guys on Yes I do 1971
28:59
$1.50 per oz. Well, that's interesting.
29:03
That means that silver has gone up.
29:07
These are rough calculations, but accurate calculations.
29:10
OK, the value of this this wasn't worth this was $1.50 in
29:15
1971, measured in US Fiat Unicorn fart dust money $1.50.
29:21
OK, $1.50. Now it's worth $30.
29:25
This came from Big 10 to Silvershire.
29:27
I love it. It's a beautiful silver round.
29:29
Now, OK, that means it's gone up 20 times in value.
29:34
OK, this these two steaks, right?
29:41
Yes, these two steaks, 15 about 2 lbs.
29:44
OK, about 2 lbs of steak would have cost $3 back in 1971.
29:50
They're they've gone up 10 * 10 times.
29:54
OK. That means the dollar is worth
29:56
what, 10% in terms of stake of what it was back then.
30:02
However, the the value of the silver went up 20X if if you had
30:08
that's interesting. Think about this here, because
30:11
that's right about the price of silver for this package of
30:14
steaks, $27.38. This is about one ounce of
30:18
silver, right? I could have traded this in
30:21
theory for this today. OK, yeah, that is really
30:27
interesting. But back in 1971, for the same
30:32
price that I would have bought this $3, it would have been
30:36
about $3 in 1971 for a prime, two prime strip steaks, I could
30:41
have got 2 oz. So I could have, I could have,
30:44
instead of buying steak in 1971 for $3, OK, 2 lbs of of strip,
30:51
instead of buying the steak, I could have bought two of these,
30:55
right? And if I'd held on to them
30:57
today, if I still want to get these same steaks, it only cost
31:01
me one of these. I hope that makes sense.
31:03
I mean silver's outperformed in real term and steak is very
31:09
expensive. The steak why I went out on a
31:11
real steak adventure. Hopefully these turn out good.
31:14
I'm going to cook them here once we we get off the the live
31:16
stream. But who wants to talk about
31:18
steak when we can talk about about the big R Red Lobster
31:22
seafood. Let's let's touch on that just
31:24
how great things are out there right now in the economy because
31:28
we get this news from the local Saint Louis KSDK 5 on your side,
31:33
Red Lobster to close 23 additional restaurants within
31:37
days, including one in Saint Louis.
31:40
We got red lobsters everywhere here.
31:42
Anyway, they're exercising they're right They they, they
31:46
had a Chapter 11 bankruptcy filing.
31:48
We talked about that back in May 19th, but now they're closing
31:52
additional restaurants. Things are getting dicey out
31:56
there, but what's important to remember is all these red
31:59
lobsters that are closing their doors.
32:02
There's going to be a lot of Walgreens that are closing their
32:07
doors. You know what, guys?
32:09
There's people that own that real estate.
32:12
That's the way it works. That's part of the commercial
32:14
real estate game. You're right.
32:16
Even with like dollar stores, I don't know if you realize this.
32:19
I've got a buddy, Sean, Sean Williamson.
32:22
He has a book, it's on Amazon. He's ACPA.
32:25
He's wealthy. He's self-made, man.
32:27
Very smart guy. Anyway, he told me that people
32:33
will buy you can. I mean, it's very not hard to
32:35
do. You can buy like a Walgreens,
32:38
OK, the real estate, or you can buy like a dollar store.
32:42
You don't own the dollar store, but you own the land in the
32:46
building and then you lease it to the dollar store.
32:50
Same thing with Walgreens, all those Walgreens that popped up
32:53
everywhere. Walgreens, as far as I
32:55
understand, doesn't own the land in the real estate, OK.
33:00
They they rent that an investor buys it.
33:03
So an investor think about this, goes to the bank, takes out a
33:06
loan for $800,000 and buys that land and has the building built
33:13
for the dollar store or Walgreens or Red Lobster, for
33:17
instance, right? And then they lease it.
33:21
So there's banks, there's people and you're up, you know,
33:24
Americans, retirement funds and pensions are invested into this
33:29
type of thing. Those red lobsters that are
33:32
closing. What I think we could see in the
33:35
next it is going to be, it is going to be ugly.
33:40
I could be wrong. Maybe I'm just negative,
33:42
cynical, you know, maybe my calculator is broken, all right?
33:48
Maybe, maybe, maybe we have faulty calculators none the
33:51
less, right? If you just do the basic math,
33:54
it's going to be ugly, in my opinion.
33:56
Don't make any financial decisions anything like that.
33:59
But we're going to see a lot. You go down these roads in these
34:02
suburban towns and it's, it's one thing after another.
34:06
You know, I mean, casual restaurants and everything is so
34:10
people can't afford it. The outlet mall was packed
34:13
today. And I thought, well, the
34:14
economy, maybe I'm wrong. The economy must be good.
34:16
And I thought, wait a minute, this is an outlet mall.
34:19
This is where people go where they need to save money.
34:22
The Nike outlet, the Ralph Lauren outlet stores, That's why
34:26
they go there. You know, these, these, these,
34:32
every time a Walgreens shuts its doors, right, there's a, there's
34:37
an investor, there's a pension fund that has this hundreds of
34:40
thousands, maybe millions of dollars invested in that land,
34:44
in that building. Correct me if I'm wrong, but I'm
34:48
real sure I'm right. And guess what, right?
34:51
That's a catastrophic event for that pension fund or that, or
34:56
that bank that had loaned that money to that investor.
35:00
Now the bank, right? We talk about the commercial
35:02
real estate, and we all think of office buildings, office
35:05
buildings. And yes, they're in deep
35:07
trouble. But there's other components to
35:08
that as well, including restaurants, right?
35:13
The Best Buy stores that you see everywhere that are closing up.
35:16
They closed up a couple here in Saint Louis.
35:18
I mean, it is gonna get very, very, very dicey, OK?
35:23
I know when you make the decision to buy silver, when you
35:27
made the decision to buy gold, you made a decision to take a
35:30
step outside the system, which is courageous.
35:33
OK, You're stepped out of the dream world, baby, and you moved
35:37
into the real world, the real money world.
35:41
Have a great rest of your evening.
35:43
Thank you guys for being here. Oh, wait, wait, wait, wait,
35:46
wait, wait, wait, wait, wait, wait, wait, wait, wait, wait,
35:48
wait, wait, wait. I almost forgot.
35:51
Remember, when you comment, right, there's always a chance
35:54
that you could be featured on Ron's basement.
35:56
Today we have a featured comment that we're going to get to.
36:00
There's another shot of those silver bars that'll be given
36:03
away a week from today from our friends at Pembex.
36:07
This one's funny. For those of you haven't read
36:09
it, this guy's is a pickup truck bumper sticker.
36:11
I'm pro Pipeline. My truck doesn't run on fairy
36:15
dust and Unicorn piss. All right, that's record credit
36:20
card debt, blah blah blah. There's some nice motivational
36:24
things. We may encounter many defeats,
36:26
but we must not be defeated. There's Susie and I at the
36:30
restaurant. That's a sneak peek on what's
36:32
you're going to see tomorrow. Here's another sneak peek.
36:35
Sneak peek $44 silver by Christmas, Raj said.
36:44
I'm sorry, no, this guy's name is LLL Wife.
36:49
Whatever. He said this just five hours
36:52
ago, said if India takes over the world of silver.
36:55
What do you mean if come on basement dweller, you can change
37:00
your and the name of the show to Raj's basement.
37:05
Guys, it is happening. Didn't we talk about this this
37:09
morning? II has 1.4 billion people.
37:13
India is the precious metals capital of the world.
37:15
India alone can propel the price of silver to 44 dollars and
37:19
beyond by Christmas. We're talking about the
37:22
potential for India buying, right?
37:25
They are an importer of silver, buying 30% of the world's output
37:31
of silver, OK? We're talking about a country
37:36
where they're citizens and it's not just for all those
37:40
industrial applications. No, they're buying it as an
37:43
investment as well, the situation in India.
37:46
And we're not even talking about China.
37:50
OK, some people like when I whisper, we're not talking about
37:55
China. China is a secret.
37:56
We can't talk about China, but we can talk about India, right?
38:01
They got 100 million plus people who are becoming wealthy.
38:06
They're entering the consumer class in the coming years. 100.
38:12
No, Whoa, whoa, whoa, whoa, whoa.
38:14
Let's talk about the rule of 30%.
38:16
They're already potentially going to import 30% of the world
38:19
silver this year. But but look at this, 100
38:24
million people that are suddenly going to need air conditioning,
38:27
100 million people that are suddenly going to have
38:29
discretionary income, 100 million people who love precious
38:34
metals, that's a third of the United States.
38:39
These are 100 million people who are, for the first time in their
38:42
lives, have discretionary income.
38:45
OK. All right.
38:46
Hey, W William Craig Barrett says keep finding the facts we
38:50
need, Ron, but please spend time on how we can spend out metal
38:53
when the dollar goes S Yeah, well, you aren't going to have
38:57
it when the dollar goes S, Guys, you're not going to have a
38:59
problem spending your metal. OK.
39:02
I mean, you know, there's all types of different levels of how
39:05
this scenario could unfold. I, I, I, I, I, I'm not a
39:12
complete doomsday like zombies walking around the streets, but
39:16
trust me. And we get that question all the
39:19
time. Maybe you have this question
39:22
right. People will ask me this all the
39:24
time. If silver goes to $100.00 an
39:27
ounce, who's going to buy it? A lot of people will buy it.
39:32
Is the only way that it goes to $100.00 an ounce is if people
39:38
are buying it? When I say if when it doesn't go
39:43
to $80.00 an ounce, it doesn't go to $150.00 per oz unless
39:49
people are buying it. So when it goes much higher,
39:55
which it will just my opinion, don't make any financial
39:58
decisions based on that. But as I believe silver will go
40:04
much higher if the only way it happens is because of buyers and
40:08
guys. I hope you understand this idea
40:15
because it's so critical to what we could see in the silver.
40:20
We're seeing it in the gold market right now, right?
40:24
And the gold markets bigger. There's more gold above ground
40:27
than there is silver. Sorry I yelled at you.
40:30
Sometimes we need to yell at each other.
40:33
There's more gold in the world than silver, more above ground
40:36
gold than silver. And what are we seeing in gold
40:41
right now? You've heard it is 10 million
40:45
times all time highs. Why?
40:48
Why? Because there's been a wave of
40:51
new investors, the world central banks.
40:53
What do you think is going to happen to silver when a wave of
41:00
new investors come in? And we know historically, right,
41:05
that silver it's it's like a waterfall.
41:10
So we saw what happened with gold when a wave of investors
41:14
and that's just China and India, which are significant, right.
41:18
But the West is just now starting to move into gold.
41:21
What it what would Ath baby all time highs for gold?
41:28
Silver still hasn't had that big wave of investors coming.
41:33
We could have a wave of western investors coming to gold and
41:36
propel it even higher and I believe that will be the case.
41:39
Silver is just waking up, just waking up right now.
41:44
So what happens when that wave of investors comes into the
41:48
silver market? Guess what, the silver market,
41:51
right the the, the, the silver market, there's less above
41:55
ground silver in the world than gold number one.
41:59
OK, but it's also much smaller from my from my measured in
42:05
Unicorn fart dust paper dollar perspective, it's much smaller.
42:10
So when that wave comes to silver, it could have just just
42:17
profound, profound impact on the price, quite possibly a profound
42:25
impact on your mood as well. Although we are doing pretty
42:30
darn good now, aren't we, basement dwellers, OK, John
42:34
says. I asked the vendor not too long
42:35
ago if you would take 90% silver for payment and he said yes.
42:39
I then asked the store owner clerk at a gas station.
42:42
He asked for the value, and he said he would probably.
42:46
Yeah. People are waking up everywhere.
42:49
A Chinese. Chinese bank will pay top dollar
42:52
for silver gold, even if it's illegal in the US.
42:55
Hello, silver Lightning. Hello, John Goldsworthy.
42:59
Banks will be begging to leash your metals.
43:01
Help kick start a new financial system that full fully or
43:05
partially backs deposits with precious metals.
43:08
Yeah. Shadow work.
43:09
Oh, that. Hey, there's coin shop, Chris.
43:11
Oh, my gosh. Be a special guest.
43:14
Coin Shop Chris. Guys, Guys, guys, guys.
43:16
And then we're going to talk. We got one more major point to
43:19
cover. But please, you see that guy?
43:21
Coin Shop Chris. You know him, You love him.
43:24
He's the guru. Yeah.
43:26
I started his own YouTube channel.
43:29
He was very involved here, right?
43:31
Very supportive. Helped to make Ron's basement
43:33
what it is today. Chris has ventured out onto his
43:36
own and he's becoming like one of the fastest growing precious
43:40
metals channels on YouTube. Yeah, he's fun to listen to.
43:44
He's insightful. He's a little more focused on
43:47
the coins, right? And the 90%, I'm a little more
43:51
macro. We overlap.
43:52
We love each other, right? We both share a love of
43:55
collecting Barbies. That's an old joke, but please
44:00
go check out Coin Shop Chris on YouTube.
44:03
Go to the YouTube search bar. Not now, because I got one more
44:05
big point for you, but go to that YouTube search bar, type in
44:09
Coin Shop Chris. Hey, thank you.
44:11
Shadow work. Wow, a super chat.
44:14
I didn't even beg tonight. That goes a long way to help pay
44:17
for my daughter's Nike tennis shoes that we got at the outlet
44:20
mall. But hey, you know, I'm a guy
44:22
who's eating prime beef tonight. Anyway, go check out Coin Shop
44:25
Chris. Coin shop, Chris.
44:29
Yeah. OK, so you're talking about
44:30
using gold and silver as money, it's called.
44:35
It's been a couple weeks. Let me refresh your memory on
44:39
this one. Thank you.
44:41
Shadow work. You're the best.
44:44
We love you. We love all you guys, Susie.
44:48
All right, let's go out here. Project sounds like something
44:54
like really official 247, if I have that right.
44:59
Oh, boy. Help is available.
45:00
Not. That's not what I was looking
45:02
for 24/7. All right, hold on.
45:05
That's not funny. No, never.
45:07
If you're ever feeling like that, do get help.
45:10
What was it? It's the gold.
45:14
Darn. It was the World Gold Council.
45:18
Yeah, 247, There it is. It is.
45:22
It's it's Gold 247, Project 2. Anyway, Gold 247, this guy's
45:27
read about it, Read about it, read about it, because it's
45:31
going to be a massive deal. This is the World Gold Council.
45:37
OK? Oh my gosh.
45:39
But they're going to take your gold from you and your silver
45:42
possibly, or will they? Let's talk briefly about that.
45:46
But this is a project being handled in conjunction by the
45:50
World Gold Council and those people we love to hate, although
45:55
we're going to love them on this, the LBMA, the London
45:58
Bullion Market Association. I've never been to London,
46:01
England, right, And I do a horrible British accent.
46:05
But we know the LBMA they have they have they've manipulated
46:09
the price of gold and silver for years.
46:12
All right, It's coiled like a spring.
46:14
Wait till you hear tomorrow what we're going to talk about with
46:16
silver. But the LBMA they've they've
46:18
manipulated the price of metals. They're the powerhouse.
46:21
They probably still are. Nonetheless, they're now working
46:25
with the with the World Gold Council on Gold 247 secret and
46:30
it's trademarked is the Royal Gold Council's vision for
46:33
transforming the global gold market to meet the challenges of
46:38
today's consumers and investors. This is big, guys.
46:43
They're working on digitizing physical gold.
46:47
Now don't get all freaked out. It's not a cryptocurrency,
46:51
right? It uses the blockchain to
46:54
digitally track actual physical gold.
46:57
It would actually be backed one for one by physical gold.
47:01
It would probably start with those big 400 oz bars, which by
47:05
the way, are not worth $1 million each.
47:07
You've heard that already. The 400 oz bars are what they
47:10
trade on the big exchanges. That's what the big central
47:13
banks keeping their vaults, but they would digitize gold to make
47:18
it functional to on the on the high level for for for
47:24
transacting between the big banks, but also on a consumer
47:28
level. And what is so exciting about
47:30
this is that it could enable us to use gold.
47:34
And I would hope eventually silver for everyday transactions
47:39
allow you to save in gold and silver allow you to save, well,
47:45
save in gold. They haven't said anything about
47:47
silver. So I'm misspeaking when I say
47:49
that. But eventually that will come.
47:51
Save in gold, spend in gold. Rick Rule is who brought this to
47:57
my attention. And he says he thinks we're
47:59
going to see this by the balance of this decade, which is like
48:04
only five years from now. OK.
48:07
A real and put what's critical about this is #1 right, there's
48:11
big names behind it, the World Gold Council and the LBMA.
48:17
That's big point number one point #2 it's backed one for one
48:22
by physical metal and it utilizes the blockchain that
48:26
does not in any way, shape or form make it a cryptocurrency.
48:29
The blockchain is the world's most safe, secure record keeping
48:34
system in the world. But what's really important
48:37
about it is what they aim to do is to lower.
48:40
There's a lot of different, there's, there's a lot of
48:42
different options out there right now that to 1° or another
48:48
allow people to to utilize and save and gold and silver.
48:53
But what this would do right? This, these are #1 big names and
48:57
that and, and, and, and I'm nothing against any of these
48:59
other companies that are doing it now, but these big name, the
49:03
World Gold Council in the LBMA would, would add, unfortunately,
49:09
especially with the LBMA credibility, right, credence
49:13
behind it, people would trust it all right?
49:15
But what's really critical is that it would drastically lower
49:20
the per transaction cost to utilize gold, right?
49:25
For everyday purchases, for going out to eat with your
49:29
significant other, for buying groceries, for doing anything.
49:32
Now, it's a bit cumbersome. Let's just be real, OK?
49:37
This would so two more critical points that I want you to
49:42
consider about this. Number one, it could create a,
49:48
it could create mass adoption to precious metals as a way to save
49:54
and invest, which could create a major wave of new purchases for
50:00
the metals. And I think that eventually
50:02
we'll see something along these lines with silver as well.
50:05
So if everybody starts or a lot of people say, yeah, this is
50:09
great, Oh yeah, I remember the everybody wakes up to this BS
50:13
story, right, and wants to move more into these precious metals.
50:16
It would create a wave and it would be doing so right, because
50:21
of the credibility of the World Gold console and the LBMA, and
50:24
it would be a big deal. The other thing is it will not
50:28
nowhere in there I read through it all does it say that it would
50:31
in any way, shape or form have any impact whatsoever on your
50:35
ability to continue to stack precious metals to whatever
50:38
extent you choose at your personal physical level.
50:43
OK, this these would, this would be an electronic token, whatever
50:48
they want to call it, unit, whatever that would be backed
50:51
one for one by physical metal in a vault.
50:54
OK. But it's not going to impact you
50:57
if you want to use it for your everyday transactions.
50:59
That's great. Look, I like to own the physical
51:04
stuff myself. It's not going to impact that.
51:06
So it's going to be interesting. Thank you for being here.
51:08
Thank you for being part of Ron's basement.
51:10
Please support our channel sponsors Pinbecks first mining
51:16
gold. See if I can get this right
51:18
while I look at you and Fortuna mining OK, first mining and
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Fortuna are gold related stocks. You can learn more about them.
51:27
There's a link in the description of this and every
51:30
video and you know Pembex Pi MB EX.
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If you're out shopping around, give them a shot.
51:36
I think you'll like what you find all right guys, I'll be
51:38
back on tomorrow sneak peek right?
51:40
We're going to talk about how I think we got a real good
51:45
probability of $44 silver.