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🚨 Gold & Silver Investors! 🚨 - YOU Best Hear THIS News - (Precious Metals Price Update) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  Interesting developments right now in the precious metals
• 0:05
  markets, warnings, we're getting some warnings.
• 0:08
  We're going to talk about the reasons why some people are
• 0:11
  putting out warnings about the silver and the gold price, but
• 0:15
  also we have other people telling us that we are
• 0:18
  continuing upward, especially through the end of the year.
• 0:22
  We're going to look at the big reasons why we can be optimistic
• 0:25
  about the silver and gold price. While there's interesting
• 0:28
  developments out there, the most interesting thing is you.
• 0:31
  I want to tell you thank you for joining me here in the basement.
• 0:35
  It's a big deal. You're special, you're unique.
• 0:39
  We come together, we love to talk about the silver and gold
• 0:42
  price. I hope you feel like you found a
• 0:44
  little home away from home down here in the basement with me.
• 0:47
  Please subscribe to the channel, it's free.
• 0:50
  I want you to come back and leave a comment in the comment
• 0:53
  section below. Trust me, a lot of people don't
• 0:55
  agree with me and that's OK. That's how we can learn is from
• 0:59
  each other. Read some comments, interact.
• 1:02
  I'd I'd encourage you to become part of this community.
• 1:06
  Let's start out with some good news about the silver price.
• 1:09
  We're going to go check out and see what our friend Rashad is
• 1:12
  telling us. Guys, we've got a lot to look at
• 1:15
  today and we'll start out with Rashad who says silver as well
• 1:20
  failed to break out and hold above $39.00.
• 1:23
  So we know last week we approached $40.
• 1:26
  We didn't break out above 39, but silver, he says is most
• 1:30
  likely going to test 3750 next week before it starts to rally
• 1:36
  again. This could be the last cleansing
• 1:39
  before silver goes to my immediate $44 per oz target.
• 1:44
  We're going to talk about gold here in a second as well, but
• 1:46
  let's take a look at this chart and see what he's talking about.
• 1:50
  As you can see guys, we we played around in this range for
• 1:54
  a while, this kind of 35 to $37 range, OK?
• 1:59
  We did break out and I want to point out something very
• 2:03
  interesting. We did break out of that $37
• 2:07
  area, that 3750 area after 123 kind of attempts on the fourth
• 2:15
  attempt, we broke through. Now if we look at where we are
• 2:18
  now, OK, we're in this range of 37 to 39, right, roughly all in
• 2:26
  here. What he's saying we can
• 2:28
  anticipate is that we could drop back down to this 3750 level,
• 2:32
  OK, but then break out and breakthrough that 39 level and
• 2:37
  head up to what he's calling for, which is $44.00.
• 2:41
  But what I do want to point out again, this is on a very short
• 2:44
  term basis, but we have attempted once, twice last week,
• 2:49
  This will be our third attempt to breakthrough their triple
• 2:54
  tops. Like we've seen an innumerable
• 2:58
  number of charts are actually somewhat rare quadruple tops.
• 3:02
  Meaning if we get up here and we don't make it through here
• 3:05
  again, a quadruple top, right? If we go up to 39 and get
• 3:10
  rejected again, that a quadruple attempt to get through there is
• 3:15
  even more rare. So we're in good shape.
• 3:17
  OK, we're in very good shape. Now when we go to gold, we can
• 3:21
  we can check out some interesting recent data.
• 3:26
  Here we go and this is from an article from Metals and Miners.
• 3:33
  Hedge funds are bullish. What does it mean when hedge
• 3:36
  funds, hedge funds are generally considered to be the smart smart
• 3:40
  money. They're not as smart as the as
• 3:42
  the central banks throughout the world, which we know are buying
• 3:46
  gold hand over fist. But hedge funds, most people
• 3:50
  would say are probably qualify as being the second smartest
• 3:53
  money and they are moving bullish on gold.
• 3:57
  It says here hedge funds bullish gold wage rise the highest level
• 4:02
  since April. And when we take a look at this
• 4:04
  chart, that's exactly what we're seeing right here was the kind
• 4:08
  of the April low and the hedge funds, right, are moving into a
• 4:14
  much more net long position. These are the the number of
• 4:17
  contracts over here. So that tells us that not only
• 4:21
  are the world central banks buying gold hand over fist, but
• 4:24
  we also have the hedge funds. Are you ready for some scary
• 4:28
  news? Right.
• 4:30
  Hey, look, we know nothing goes up in an absolute straight line.
• 4:34
  So there is something developing on the gold chart that I've
• 4:38
  never heard of before. We're going to, I'm going to
• 4:40
  share it with you right now and give you the explanation.
• 4:43
  But it feels like gold has been struggling a little bit over the
• 4:46
  last what, week and a half, two weeks in this chart pattern.
• 4:50
  Is it? This makes sense to me.
• 4:53
  This came from Kitco and it came from Gary Wagner.
• 4:58
  I really like Gary Wagner. I know a lot of people in the
• 5:00
  gold and silver community do. Not only is he very smart, but
• 5:03
  he always struck me and I've never met him in person.
• 5:06
  He's I've never as I'm not saying this from personal
• 5:08
  experience, but he seems like just the nicest guy in gold is
• 5:12
  forming A3 red crows pattern. We'll cut right to the chase and
• 5:17
  go to the chart here and I'll explain to you what he's talking
• 5:22
  about. We make that bigger for us.
• 5:24
  What? What he's talking about.
• 5:26
  This is a Candlestick chart and he's talking.
• 5:29
  Uh oh, I can't draw on here, darn it.
• 5:31
  Well, follow my cursor. Those 3 red bars, if you can see
• 5:36
  that on the far right side of the chart, those are the last
• 5:39
  three days in the gold market. OK, The three red bars, those
• 5:43
  are Japanese Candlestick bars. The the the crow, What did they
• 5:48
  call that? I forgot what they called it.
• 5:50
  The the three red crows mean you have 3 red candles in a row.
• 5:56
  But the important part, if you look over to the left, a
• 5:59
  Candlestick, the big fat part of the Candlestick, the red bar
• 6:04
  that you see that measures the opening price of the day to the
• 6:08
  closing price of the day. OK, the Wick.
• 6:11
  And again, if you look over to the left and darn it, I wish you
• 6:14
  could see my cursor, but if you look back to the far left, you
• 6:18
  can see a lot of those candlesticks have what's called
• 6:20
  a Wick. It looks like a candle with a
• 6:22
  Wick going up. That means the gold opened right
• 6:26
  where the where the big bar stops at the top, but went as
• 6:29
  high as the top of that Wick, went as low as the bottom.
• 6:33
  If you imagine an upside down Candlestick part of that WEC and
• 6:36
  closed. What we're seeing in this 3 red
• 6:39
  crow pattern is it on three consecutive days.
• 6:42
  Gold opened higher, closed lower, but didn't go much above
• 6:48
  the opening price of the day. That's why they call this the
• 6:51
  three red crows pattern. Not a good sign, OK, But also
• 6:57
  like all these charts that we look at, we know they, they,
• 7:00
  they can give us very strong indications, but they aren't
• 7:04
  like written in stone, right? Who knows what could happen cuz
• 7:07
  there's a lot of other people. And we're going to look at a lot
• 7:09
  of other factors in this video that indicate that both the gold
• 7:13
  and the silver price could be headed higher and higher in the
• 7:17
  coming weeks, in the coming months and even the coming years
• 7:21
  and decades. I, I believe wholeheartedly that
• 7:24
  we are in for a decades long environment where we will have
• 7:29
  macro factors which are going to be conducive to much higher and
• 7:34
  higher gold and silver prices. That all on a long term basis
• 7:39
  boils down to the fact that the US dollar will, will continue to
• 7:43
  lose value in real terms, OK, because of the situation that
• 7:49
  the United States finds itself in for a number of reasons, it's
• 7:52
  almost inevitable, OK, that the dollar will continue to lose
• 7:56
  value in real terms and that will provide a tailwind.
• 8:00
  Imagine you and I on a sailboat today.
• 8:02
  Nice sunny day, right? We're in the gold and silver
• 8:06
  sailboat and the winds are in our sails.
• 8:09
  They are pushing us in the right direction.
• 8:11
  That doesn't mean that we're not going to encounter little
• 8:13
  periods. Nothing will go straight up.
• 8:15
  But guys, things are continuing to look good for the gold and
• 8:19
  silver price. Let's look at one more
• 8:22
  challenging scenario that could unfold for the silver and gold
• 8:27
  price. Wrong one.
• 8:29
  Darn it, where did it go? Hold on here guys, shoot
• 8:38
  Northstar charts gold this oh, here it is here it is OK from
• 8:43
  Northstar charts. Sorry about that gold it welcome
• 8:47
  to live streaming. Hey, we're doing the best we can
• 8:49
  and I appreciate you guys always sticking with me and
• 8:52
  understanding that we're we are always doing the best we can to
• 8:55
  get this this content out smoothly.
• 8:58
  Northstar said gold is now so far stretched above its
• 9:02
  three-year movie cutting average that we can fall around $1000
• 9:07
  per oz in a 2008 style drop. But, and it's a big butt, OK,
• 9:13
  And you know, we like big butts. It could still be in a long term
• 9:17
  bull market. Great to have that cushion as we
• 9:21
  approach a time of reckoning. So what he is saying is that if
• 9:25
  Armageddon were to come about again, right, some people that
• 9:29
  you know that you know, zombie apocalypse, however you want to
• 9:33
  say it, a 2008 style scenario were to unfold in the coming
• 9:38
  years. Gold has a massive cushion and
• 9:41
  when we look at his chart, I'll show you what he's saying from
• 9:45
  from from the current price to where it could fall to still be
• 9:49
  in a bull market. And when you look at this chart
• 9:52
  over on the left, and I don't think, oh, I can, OK, this is
• 9:59
  2008, OK? And this shows how gold fell
• 10:02
  during that period. If you superimpose that over
• 10:06
  here into the future, that means gold could drop a full $1000 per
• 10:12
  oz, but still remain in that upward, can't see the top of
• 10:16
  that upward upward bull market. So we're sitting in good shape.
• 10:21
  Like I just said before, there's no way in my opinion, just my
• 10:25
  opinion, don't make any financial decisions based on
• 10:28
  what I'm saying. But there's no way that we move
• 10:31
  into the future without a very, very supportive environment for
• 10:35
  the silver and gold price. And we're going to talk about 1
• 10:38
  analyst who has some very, very optimistic short term targets.
• 10:42
  We're talking weeks, not months here next.
• 10:44
  But first, I do want to say thank you to channel sponsor
• 10:47
  First Mint right there. OK, They are a silver mint
• 10:51
  located in Las Vegas, NV, owned by First Majestic Silver.
• 10:55
  Yes, Keith Neumeyer's big silver company.
• 10:58
  First Mint gets their silver from First Majestic who mines it
• 11:03
  in Mexico, ships it to Las Vegas where it's transformed into
• 11:07
  world class silver bullion products.
• 11:09
  I am going to show you this today.
• 11:12
  This is a 5 oz bar from First Mint.
• 11:15
  You can go out to their website and check it out for yourself.
• 11:17
  First Mint.com OK, this happens to be upstairs.
• 11:21
  Susie, my wife, who all of you know very well, she loved this
• 11:26
  little thing. It's really cool.
• 11:27
  It is like probably the most robust 5 oz silver bar that I've
• 11:32
  ever held. But they have great prices.
• 11:34
  OK, great selection. It's a company you can trust,
• 11:37
  you know, headed up by Keith Newmeyer.
• 11:39
  Free shipping on on the orders over $199.
• 11:44
  And wait, there's more. They have a discount code VIPRB.
• 11:51
  Think Ron's basement VIPRB. Let me take you out to their
• 11:55
  website real quickly so you know where to look.
• 11:59
  And here we go. OK, hopefully, yes, you are
• 12:04
  seeing the first Mint website. That's their Buffalo round.
• 12:08
  They have rounds, bars. There's their Las Vegas round,
• 12:11
  which I've been showing you lately on the show.
• 12:14
  They have the bars, right? One ounce.
• 12:18
  I'm sorry, they are one ounce. There's a 10 out a 5 oz, 10 oz
• 12:21
  and kilo. You're the snake also an awesome
• 12:25
  and these are all original designs to 1st mint, first mint,
• 12:31
  right? They're the only ones I know who
• 12:32
  are from the mine. This is the freshest silver on
• 12:35
  the market from the mine to the mint to you.
• 12:38
  Did you notice there's no COMEX or LBMA mixed in there?
• 12:42
  Thank you, First Men, for sponsoring the Basement for
• 12:45
  letting us get together. Let's go out here and check out
• 12:50
  some more good news in the silver and gold market.
• 12:54
  Here we go. This comes from Tim Hack.
• 12:58
  And I think we're going to like him.
• 12:59
  We're going to start calling him the Hackster.
• 13:01
  He's he's got some good ideas about what we could see here in
• 13:05
  the coming weeks. He says the next leg up in
• 13:08
  precious metals will start on Monday.
• 13:11
  That will be tomorrow. We're all going to be watching
• 13:13
  tonight around 5:00 what Eastern when the gold and silver markets
• 13:17
  open. But he says in the next few
• 13:20
  weeks, gold will rise 20% towards $4000.
• 13:25
  Silver will rise is by more than 30% reaching its all time high
• 13:32
  $50 per oz. Let's take a look at this chart.
• 13:35
  This is a gold chart and I didn't realize this as this is
• 13:40
  called, some people call the triangle pattern, I call it a
• 13:44
  wedge pattern. We can see a wedge pattern
• 13:46
  that's developed in the gold price since what about looks
• 13:52
  like, oh, April, maybe going all the way back to March.
• 13:57
  OK, alright. When a wedge develops like that
• 14:00
  and the price is is being compressed within the wedge like
• 14:04
  it is, eventually it gets to a point where it has to go up or
• 14:10
  down. All right.
• 14:13
  And what he's calling for is that we're going to be in for a
• 14:16
  big, big move upwards. Look, we know one big factor
• 14:21
  that we need to consider when we're thinking about gold and
• 14:24
  silver are the ETF flows, OK? And when we think about silver,
• 14:29
  we know that in the West on the retail bullion side, the demand
• 14:33
  has been very, very, very subdued.
• 14:36
  We know that when the when the, when the demand at your local
• 14:39
  coin shop or your online bullion dealer, when that demand and
• 14:43
  gets back just to normal that we could see a new major influence
• 14:48
  and upward influence on the silver price, the ETFs.
• 14:52
  OK, do we have data? Yes, we do.
• 14:55
  That shows that in the West we are starting to see some ETF
• 14:59
  inflows. But it's not just that, it's
• 15:01
  happening all over the world guys and the numbers are quite
• 15:05
  astounding. Let's go out and look at what
• 15:08
  the Silver Academy shared with us.
• 15:14
  OK, this initially starts talking about Indian silver ETF
• 15:18
  demand, but it's got unbelievable data about Western
• 15:22
  silver ETF demand as well. Indian Silver ETF inventories
• 15:27
  increase to the most in the world All right, something big
• 15:32
  is stirring in silver, something seismic unfolding in the world
• 15:35
  of silver and anyone tracking precious metals should be paying
• 15:39
  close attention. Have you noticed how India's
• 15:43
  silver ETF inventories skyrocketed by 51 million oz
• 15:49
  since the start of 2024? This is 1 country.
• 15:54
  We know that the entire mining industry and recycling industry
• 15:59
  provides just a little over 1 billion ounces of silver per
• 16:03
  year. 50 million. That's one country.
• 16:06
  That's 5% of the entire world's output of physical silver has
• 16:12
  been gobbled up by Indian ETS. Let's look at this chart because
• 16:16
  it's amazing and it's not just India.
• 16:19
  But wait, there's more. OK, so here over on the left on
• 16:22
  this chart, you can see this is from January of 2024 through
• 16:26
  June, just what, 27 days ago of 2025, India added 51 million oz.
• 16:38
  But what's even more and was surprising and I think
• 16:41
  astounding as well is that the I shares SLVETF added 43,000,000
• 16:52
  oz. OK, guys.
• 16:54
  The ETFs I believe and I'd be curious, leave a comment in the
• 16:58
  comment section below, but the ETFs are the first thing to move
• 17:03
  before the retail bullion market rebounds.
• 17:07
  And we're seeing 43,000,000 oz added, right?
• 17:11
  That's added over that period increases.
• 17:14
  All right, now look also you've got the iShares SVRSSL in ETF
• 17:20
  and the SPRAT ETF, all of them adding oz.
• 17:24
  Well, here I don't even have to do the math.
• 17:26
  Hold on, let's go right here. In total over that period of
• 17:33
  time, there were 138 million, 138 million ounces of silver
• 17:40
  added, again out of about a billion.
• 17:42
  Think about that. That's almost 14% of the world's
• 17:45
  output. Now, granted, that was an 18
• 17:48
  month period, but it shows us that Eastern demand for silver
• 17:52
  is still absolutely robust and I believe a beginning, right?
• 17:57
  A Canary in the coal mine in terms of what we could see in
• 18:00
  the coming 18 months when it comes to Western demand, right?
• 18:05
  It's, it's absolutely crazy, OK, all over the world over the last
• 18:10
  18 months. And what about China?
• 18:12
  Let's take a look at what's going on with silver in China.
• 18:15
  This is, this is just, it's, it's, it's too bizarre for
• 18:18
  words. China's silver price erupts now
• 18:22
  a staggering 10.5% above the paper mirage of the COMEX
• 18:28
  arbitrage frenzy. China in the east are drinking
• 18:31
  the COMEX milkshake as physical as physically settled markets
• 18:36
  expose the Great Western silver ruse.
• 18:39
  And let's take a look at this, all right?
• 18:42
  And what we want to look at here, OK, is up here.
• 18:46
  This is from David Lee. Put this out on X.
• 18:50
  All right. The Chinese silver price, as you
• 18:53
  can see on the Shanghai Gold Exchange, we're at $40.68,
• 19:01
  whereas right here our spot price on the COMEX $38.26.
• 19:08
  But what we really want to look at is what they're selling
• 19:11
  silver for on jd.com, $42.20, a full pretty much $4.00 higher
• 19:20
  than what we see on the on the paper market at the COMEX in the
• 19:25
  LBMA here in the United States. The other thing that they that
• 19:29
  he that he added in this article, how did we end up with
• 19:32
  363 paper silver claims for every oz and that's the
• 19:37
  situation right now. We have 363 paper ounces in the
• 19:42
  futures, options swaps and forward derivatives and ETS to
• 19:47
  one. OK, the crazy part about this,
• 19:50
  and we talked about this last week, but it bears revisiting.
• 19:55
  Hypothetically, silver's price per oz if all paper was
• 20:00
  converted into physical almost $14,000.
• 20:05
  Now what about one more big factor?
• 20:08
  That could send shock waves through the precious metals
• 20:12
  markets. Guys, there's something that
• 20:14
  nobody else is talking about that I'm going to share with you
• 20:17
  next. And yes, it does have to do with
• 20:19
  gold mining stocks, but it can have a major impact on the price
• 20:24
  of physical gold and silver. But first, I do want to say
• 20:28
  thank you to channel sponsor First Mining Gold.
• 20:31
  Speaking of gold mining companies, First Mining Gold is
• 20:34
  a Canadian gold development stage company.
• 20:37
  That means they have big amounts of gold in the ground.
• 20:41
  It's already been drilled, It's already been defined.
• 20:43
  We're talking 2 projects with millions and millions of Oz.
• 20:48
  OK Spring Pole in Ontario and Du Parquet in Quebec.
• 20:53
  Those are two huge gold mining projects.
• 20:56
  They're working through the development phase.
• 20:57
  They're working through the permitting phase.
• 20:59
  It's exciting because guess what?
• 21:01
  There aren't a lot of big development stage projects in
• 21:05
  Canada. Oh, and by the way, there's a
• 21:07
  third project, Cameron Project, which also has approaching
• 21:11
  1,000,000 ounces of gold in the ground.
• 21:14
  You can learn more about the company at firstmininggold.com.
• 21:17
  Did I tell you I'm not a financial advisor?
• 21:20
  I'm not giving financial advice. Stocks are risky, bonds are
• 21:23
  risky. Everything's risky in life.
• 21:25
  Do your own due diligence, talk to a financial advisor, whatever
• 21:29
  you need to do. But I believe that the junior
• 21:33
  gold ants, OK, thank you, Susie. The junior gold and silver
• 21:40
  mining sector offer an unbelievable value opportunity
• 21:45
  and potential for capital appreciation.
• 21:49
  And Susie just alerted me that we need hold on, let's call
• 21:52
  Susie. You guys want to give Susie a
• 21:54
  call. Susie, I didn't quite get what
• 21:56
  you said over you need. Three more lights.
• 22:02
  You reached 100 just when you So you know, before you sign off,
• 22:05
  maybe say hi to some people on the chat if you have time.
• 22:08
  OK, I always have time for the basement dwellers that join me
• 22:12
  here. Thank you, Susie over.
• 22:16
  Susie wants to say hi to everybody.
• 22:18
  Hi, everybody. High 5.
• 22:21
  Susie. That's upstairs.
• 22:22
  Susie. She sits in this Adirondack
• 22:25
  chair and she's she's a lover of silver and gold as well.
• 22:31
  Where were we? Oh, we had 100 thumbs up.
• 22:33
  Oh, and I'm going to tell you about this secret weapon secret
• 22:37
  factor that nobody else is talking about that I think could
• 22:40
  bring a lot of new people into the silver and gold market.
• 22:45
  But first I got to ring the golden gong.
• 22:47
  Then we're going to get to the to the special feature.
• 22:55
  This is for you. Thank you for being here. 3
• 22:57
  Three rings of the golden gong and the final one.
• 23:02
  Listen to it. Resonate.
• 23:07
  I think that's the right word. Resonate.
• 23:09
  Reverberate. I don't know.
• 23:10
  Vibrate. OK, but it's no secret.
• 23:16
  It's no secret. Gold and silver investors.
• 23:19
  We have been through fire together.
• 23:21
  We are the Fiat fighters. We know, right?
• 23:24
  We know this guy. Jerome Powell.
• 23:27
  Yeah. The toilet paper, right?
• 23:29
  Print, print. Hold on.
• 23:31
  Get a piece out. There we go.
• 23:32
  Print, print, print. OK.
• 23:34
  We have been through years, decades of challenges and we've
• 23:40
  been, it's like been like a ghost town.
• 23:42
  Yeah, right. We got together down here in the
• 23:44
  basement for years. We had a bear that a $2500 gold
• 23:48
  blindfold that we removed, but we went through the fire
• 23:52
  together, no doubt about it. Our neighbors laughed at us.
• 23:56
  We even sometimes doubt it ourselves.
• 23:59
  But we stuck together. We held strong.
• 24:01
  What's important about that? There's a reason why I said that
• 24:05
  because there's very few people as smart as you and as smart as
• 24:09
  me that were able to look around the corner and realize that
• 24:14
  there was going to be a big bull market for gold and silver.
• 24:18
  And guess why that's good news? Because we are a small elite
• 24:22
  force of Fiat fighters, OK. And when we have even just a few
• 24:28
  new people, the, the sheeple that are like, are there's
• 24:33
  buying NVIDIA stock? Like when we get some of those,
• 24:35
  nothing wrong with you if you own NVIDIA, just somehow that
• 24:38
  came out as an example, when we get more people joining us, it's
• 24:43
  going to have, it's only going to have to be a small number.
• 24:46
  Think about that, right? I mean, you, you know, these
• 24:48
  statistics, they, they throw out that only .5% of the world's
• 24:53
  financial assets are in gold and silver.
• 24:55
  I don't know what the exact numbers are, but what we know
• 24:58
  for sure is that the number of people invested in gold and
• 25:01
  silver, invested in the mining stocks is it's like a ghost
• 25:04
  town, OK, But we lived in the ghost town together.
• 25:09
  We stuck together. The important point in all this
• 25:13
  is it's only going to take a small number of people joining
• 25:17
  us to have a big impact on the price of physical metals, on the
• 25:23
  price of the metal stocks. OK, When they wake up the
• 25:28
  sheeple, since we're such a, it's, I called the law small
• 25:33
  numbers. It's something I made-up, but
• 25:34
  it's true when you start with a small number, right, you don't
• 25:39
  need a big increase in numbers to have a major impact.
• 25:44
  OK. It's like the the guy that used
• 25:46
  to say it's like trying to drain Hoover Dam with a garden hose,
• 25:51
  all that water, all those people trying to join us and like, hey,
• 25:54
  there's only so much room on this boat, OK, There's only so
• 25:58
  much room on the gold and silver light life lifeboat.
• 26:01
  If here, here's a for those of you who like numbers, here's a
• 26:05
  good way to think about it. If if only, let's say 1% of all
• 26:10
  the world's money, financial assets.
• 26:14
  So everyone look at is invested in precious metals oriented
• 26:18
  investments and that number goes to 2%, which is still
• 26:22
  historically way below average. It creates a 100% increase.
• 26:28
  It's not like we started at 20% and would have to go to 40%.
• 26:33
  No, we started at 1% and had to go to 2%.
• 26:39
  Sorry, I have some allergies. If that number goes from 1% to
• 26:43
  5%, that's a 500% increase. Do you realize what will happen
• 26:48
  to the price of the metals potentially?
• 26:51
  I don't make any financial decisions based on what I'm
• 26:54
  saying down here. I'm just a a guy with an
• 26:56
  accounting degree sitting in his basement.
• 26:58
  It could be massive. It could be huge.
• 27:01
  What's the secret weapon that the one of the catalyst?
• 27:06
  It's the big mining companies. There are a few.
• 27:09
  One of them is Newmont. Let me read this to you and the
• 27:12
  there's a reason why I want to read this to you.
• 27:15
  So stick with me on this one. Let's see after the market close
• 27:19
  on Thursday, that was what, 3 days ago, Newmont Corp reported
• 27:23
  quarter 2 earnings a net income of $2.1 billion, significantly
• 27:28
  surpassing analyst estimates, with adjusted net income per
• 27:33
  share at $1.43 per share, exceeding the estimate of $1.16.
• 27:39
  Newmont blew away estimates, which probably doesn't mean
• 27:42
  anything to us. I don't own Newmont.
• 27:45
  You probably don't either. But they are one of the world's
• 27:48
  biggest gold mining companies, right?
• 27:51
  So the generalist investors are. And on Friday, their stock went
• 27:55
  up when most of the mining stocks went down.
• 27:58
  The point here is, as these mining companies report
• 28:02
  blockbuster earnings, it's going to bring more eyes into the
• 28:07
  mining sector, but also more attention into the metals as
• 28:13
  well. It's a part of the puzzle and a
• 28:16
  critical part of the puzzle, right?
• 28:18
  The generalist investors understand Newmont Mining, and
• 28:23
  all we want is to crack the door open.
• 28:26
  When that door gets cracked open and we start to get a few people
• 28:30
  coming in, and it's only going to take a few because remember
• 28:33
  the law of small numbers, right? We'll start to see the stocks
• 28:37
  take off. And then they'll get interested
• 28:39
  in the metals and they'll say, you know what, I might buy some
• 28:41
  gold. Oh, and then what about silver?
• 28:43
  That'll bleed down to the silver miners and then the silver.
• 28:46
  More people will think about silver because nobody's thinking
• 28:50
  about it, the retail investor, and that's a good thing.
• 28:54
  We're happy about that. That's the silver lining on that
• 28:57
  is we've got a massive runway of potential improvement when it
• 29:02
  comes to the number of people who can learn about the precious
• 29:05
  metals. The other thing, before I
• 29:08
  forget, because this is actually very exciting, is the
• 29:12
  opportunity presented by tokenization of gold and silver.
• 29:17
  There's companies out there doing it right now.
• 29:19
  Tether has XA Utah tokenized gold.
• 29:23
  What's the other one that we always see that does live from
• 29:26
  the vault? Kinesis has tokenized gold and
• 29:30
  silver. Look, whether or not you like
• 29:32
  crypto, whether or not that's fine, everybody can have their
• 29:35
  own opinion. But I can tell you this, when
• 29:38
  they tokenize gold, that means they make one token on the
• 29:42
  blockchain that represents 1 ounce of gold, that generates
• 29:46
  demand for physical gold. It's the same thing, same
• 29:50
  concept as what's going on with this genius act that they passed
• 29:54
  in Washington, DC last week, right where they're going to
• 29:57
  where they're going to support the USDC.
• 30:00
  That allows people to buy the dollar in tokenized form all
• 30:04
  over the world. And that allows more money to
• 30:06
  come in, which allows our government to rack up more debt,
• 30:09
  which will make the silver and gold price go up higher, which
• 30:12
  will, which will could also benefit not just physical
• 30:16
  holdings, but tokenize. The important thing, let me get
• 30:19
  back to this tokenization idea is that whether it's silver,
• 30:23
  whether it's gold, if they tokenize it and it is 100%
• 30:28
  backed by physical, whether or not you like crypto doesn't
• 30:32
  matter. That creates demand for the
• 30:35
  physical metal because whoever's issuing those tokens has to buy
• 30:39
  the physical metal, like XAUT Tether.
• 30:42
  Everyone's heard of the company Tether that's tokenized gold,
• 30:46
  and they have all that gold and a vault in Switzerland.
• 30:50
  When people buy XAUT, they have to make sure that for each token
• 30:55
  there's an ounce of gold in the vault and you can redeem it.
• 30:59
  OK. So that's another exciting
• 31:02
  prospect that we're facing with the precious metals environment
• 31:07
  as we move forward everywhere we look, right, ETF demand is going
• 31:12
  up, right? We're just waiting for the
• 31:14
  retail investor right in the West to join and, and, and we
• 31:18
  know that underlying it all right, that that from a
• 31:22
  technical perspective, when we look at the charts that most
• 31:25
  likely we are in for a good couple months in the in the
• 31:28
  sector. Oh, Susie wanted me sad.
• 31:30
  All right, guys, it's that time basement dwellers, we are all
• 31:33
  over the world. Gold and silver are valuable
• 31:36
  everywhere. You are valuable.
• 31:38
  Let's see where we all are. Tell me in the comments where
• 31:41
  you're joining us from and I'll do my best to read as many of
• 31:44
  them as possible. We've got over 600 people on
• 31:46
  this live stream, so this could go fast.
• 31:48
  So I'm going to I'm going to read.
• 31:51
  I'm ready. Go ahead.
• 31:52
  Genius act. Hey, MO Silver.
• 31:54
  Good to see you, my friend. Freedom will ring.
• 31:55
  Good to see you. Great.
• 31:57
  Kazoo. Good to see you.
• 31:59
  All right, I'm waiting. I'm still waiting.
• 32:04
  Maybe my comments aren't turned on.
• 32:07
  Tell us where you're from. Alberta.
• 32:08
  Allen. Hey, thank you, Allen.
• 32:10
  You're number one. OK.
• 32:11
  Brooklyn Freedom will ring. Illinois.
• 32:13
  Todd. Las Vegas.
• 32:15
  Wet. Lana Answana.
• 32:16
  William Ryan. Montreal, Canada.
• 32:19
  Think of all these places, guys, where we are.
• 32:22
  OK, Florida. The great.
• 32:24
  Gazoo. Good to good to have you here.
• 32:26
  Gazoo. Moscow.
• 32:27
  Wow, I cannot read that. Matt.
• 32:29
  Matt. Matt.
• 32:30
  Matt Piua. Wow.
• 32:31
  Somebody from India. Santosh.
• 32:34
  Wow. Brandon from Manitoba.
• 32:35
  Netherlands, India, Germany. Frankfurt.
• 32:40
  Leon, Iran. Soren, this is awesome.
• 32:43
  Carol Stream, IL. I'm a DePaul University
• 32:45
  graduate. Northern Illinois.
• 32:47
  Daniel, nice to see you. Middle Europe.
• 32:49
  Just great. Good to see you.
• 32:52
  Westavia Hills, Alabama. I love Alabama.
• 32:55
  Australia. Oh, man.
• 32:58
  Albania Wow. Huntsville.
• 33:01
  I can't believe all over the United States.
• 33:04
  Austria. Guys, tell me.
• 33:07
  Right? Tell me.
• 33:09
  Wow, Leon, I can't read that. Just freedom CA Wow.
• 33:18
  Unbelievable. You're a good character from the
• 33:21
  UK, from the United Kingdom. People buy gold even with
• 33:25
  changes pockets in Iran. Wow, that's interesting.
• 33:28
  Thank you, Soren. Southern California, Ozark
• 33:31
  National Forest, North Carolina. Oh, my gosh.
• 33:36
  Buy the dip. Scott says.
• 33:37
  OK, Alex is from North Carolina. Come on.
• 33:39
  I can read a few more. Come on, guys.
• 33:42
  Las Vegas. Melvin, good to see you.
• 33:45
  So the point here, unbelievable. Honestly, I'm shocked.
• 33:48
  Northern California is we are like Moscow, Albania, Australia,
• 33:55
  Europe, anybody from South America, Montrose, MI.
• 33:59
  We love Michigan. Susie and I used to go there
• 34:01
  every summer with our daughters when they were little.
• 34:05
  All right. Thank you.
• 34:08
  OK, This is not possible without the unbelievable support that
• 34:12
  you guys give Susie and I, We love our silver and gold.
• 34:16
  It's a big deal when you join us.
• 34:17
  I also want to say thank you to channel sponsor Ledger, the
• 34:20
  cryptocurrency hardware wallet security leader, and Moon Pay.
• 34:24
  No one is innovating in the fintech world like Moon Pay.
• 34:28
  Most importantly, thank you. I mean that.
• 34:31
  Don't forget we've got a free deal going on right now.
• 34:34
  You can subscribe to the channel.
• 34:35
  It would be much appreciated. Have a great day and I'm going
• 34:39
  to look forward to seeing you. Yes, you next time.