Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 Gold & Silver Investors! 🚨 - YOU Best Hear THIS News - (Precious Metals Price Update)

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🚨 Gold & Silver Investors! 🚨 - YOU Best Hear THIS News - (Precious Metals Price Update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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
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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
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rejected again, that a quadruple attempt to get through there is
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even more rare. So we're in good shape.
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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
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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
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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.
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This is a Candlestick chart and he's talking.
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Uh oh, I can't draw on here, darn it.
5:31
Well, follow my cursor. Those 3 red bars, if you can see
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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.
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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
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Candlestick, the big fat part of the Candlestick, the red bar
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that you see that measures the opening price of the day to the
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closing price of the day. OK, the Wick.
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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
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can see a lot of those candlesticks have what's called
6:20
a Wick. It looks like a candle with a
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Wick going up. That means the gold opened right
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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.
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If you imagine an upside down Candlestick part of that WEC and
6:36
closed. What we're seeing in this 3 red
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crow pattern is it on three consecutive days.
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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
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three red crows pattern. Not a good sign, OK, But also
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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
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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
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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.
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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.
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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.
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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.