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Australia's 2nd Biggest Bank's GOLD PREDICTION... (and Silver Price?) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Australia and New Zealand's second biggest bank is saying
• 0:04
  something very interesting about gold.
• 0:07
  And what does that mean for silver as well?
• 0:11
  We're going to dive into that. We're also going to see how a
• 0:14
  recent statement by the former head economist at the
• 0:18
  International Monetary Fund something he said, not good news
• 0:22
  for people who live in the United States of America.
• 0:26
  How that ties in to what the people from the Australia New
• 0:30
  Zealand Bank had to say. And finally, guys, we're going
• 0:33
  to have some fun this morning. Who doesn't like Tonka trucks,
• 0:37
  huh? Look at that thing.
• 0:40
  You wonder what that's about. This is going to be everything
• 0:44
  about the silver and gold price. I'll explain at the end.
• 0:48
  Make sure you stick around because I read something last
• 0:51
  night that I think explains what's going on in the
• 0:55
  relationship between silver and gold and that Tonka truck and
• 0:59
  one more prop. One more surprise 80s toy is
• 1:02
  gonna make it crystal clear to you how we could see
• 1:06
  skyrocketing silver prices. So thank you guys for being
• 1:09
  here. Please give this a thumbs up and
• 1:12
  if you're not subscribed, please subscribe.
• 1:13
  That's free Turn on the bell notification because we want you
• 1:16
  to come back to the basement. Thank you guys for being here.
• 1:20
  Thanks in advance for any super chats and let's get started.
• 1:23
  Let's get started right now. We got an article here from
• 1:26
  Niels Christian from Kitco. Central banks are turning to
• 1:31
  gold as they lose faith and bonds.
• 1:35
  We know that already, right? Well, this is new coming from
• 1:38
  ANZ Bank. That's Australia, New Zealand
• 1:42
  Banking Group. It's the second largest bank in
• 1:45
  Australia and New Zealand. Now, they also make a definitive
• 1:50
  gold prediction at the end of this article.
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  But let's listen to what they say, 'cause they're making a lot
• 1:55
  of sense, They say. They noted that in the last two
• 1:58
  years, central bank gold purchases as its share of global
• 2:02
  demand has tripled. Did you know that?
• 2:05
  I didn't know that that central bank gold demand in the last two
• 2:10
  years has tripled. That's significant guys.
• 2:13
  We know like 2022 was a world record year, 2023 not far below.
• 2:20
  It said Although the pace of purchases could slow, remember
• 2:24
  the second biggest bank in Australia, they could slow from
• 2:28
  the current pace. The Australian bank expect
• 2:30
  central bank demand to remain a dominant factor in the gold
• 2:34
  market for at least the next six years, OK?
• 2:41
  Says the analysts indicated that rising geopolitical uncertainty
• 2:45
  check. We know that's going on right
• 2:48
  The Middle East, China, Europe. We have serious geopolitical
• 2:52
  issues brewing right now, Growing economic risks.
• 2:55
  We're going to talk about a credit bubble and when it burst
• 2:59
  and what that means for the silver and gold price.
• 3:02
  We got a lot to cover in a short period of time, and rising
• 3:05
  inflation pressures are major factors that will continue to
• 3:09
  drive central bank gold purchases.
• 3:11
  However, A&Z noted that there's a practical reason behind why
• 3:15
  central banks are buying so much gold.
• 3:18
  OK, they're diversifying away from their bond holdings.
• 3:23
  We've got a credit bubble in this world, a debt bubble.
• 3:28
  It's partially been popped. OK?
• 3:30
  Now when it pops completely, what are people going to do with
• 3:34
  their money? We've heard the bald guy, we've
• 3:36
  heard all the top analyst out there say, think about it.
• 3:40
  When all that money that's tied up in debt right now, when those
• 3:44
  people realize that they may not get paid, what do you think
• 3:48
  they're going to do? And we're going to talk more
• 3:50
  about that also later. The analyst noted that U.S.
• 3:53
  Treasuries currently represent about 59% of total global
• 3:57
  allocated foreign currency reserves.
• 3:59
  However, bond prices have suffered in the last two years
• 4:04
  as the Federal Reserve raised interest rates.
• 4:07
  At the same time, higher bond yields have pushed the US dollar
• 4:11
  higher, making it more expensive for nations to service their
• 4:16
  debt. So they're losing money on their
• 4:19
  bond holdings, and as the dollar gets more expensive, it's harder
• 4:22
  for them to service their debt as well.
• 4:24
  Do you see a trend here? OK, the move to diversify away
• 4:33
  from the US dollar also adds momentum to the D globalization
• 4:37
  trend, which A&C said will support central bank gold
• 4:42
  reserves. The world is de dollarizing.
• 4:46
  What does that mean? Night.
• 4:48
  It doesn't happen overnight, guys.
• 4:50
  I know, right. It could.
• 4:51
  We could see like an immediate overnight revaluation.
• 4:55
  That's really very unlikely. It's happening little by little
• 5:00
  by little, like you don't feel it every single day.
• 5:04
  But if you take a step back and look at it like on a monthly or
• 5:07
  an annual basis, it absolutely is going on right now.
• 5:11
  De dollarization, the world moving away from the dollar,
• 5:16
  What is that going to do for the value of your silver?
• 5:20
  What will that do for the value? We don't care about price.
• 5:24
  Well, we do, but not really. What we really care about is the
• 5:28
  value, the real value of your silver, of your gold, platinum,
• 5:32
  Palladium, whatever your medal of choice may be.
• 5:36
  It makes the value go up. Will it happen overnight?
• 5:39
  It could. But will it happen over a long
• 5:42
  period of time? I think absolutely that it will.
• 5:46
  If you think it will, and if you think you ever want to buy
• 5:48
  yourself some silver, gold, or platinum, do yourself a favor
• 5:51
  and check out Pinbex. I've received overwhelming
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  positive feedback regarding all the basement dwellers that have
• 6:00
  gone to Pinbex. All right, you want silver?
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  You want gold, Platinum. You want the best prices.
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  shopping online, throw Pimbex into the mix.
• 6:17
  Find out for yourself. You'll find out what I found.
• 6:19
  They do check all the boxes. Thank you Pimbex for sponsoring
• 6:23
  Ron's Basement. And thank you to all the
• 6:25
  basement dwellers who've taken the step to check out Pimbex.
• 6:29
  And for all the positive feedback that I received, The
• 6:34
  global monetary system is evolving with emerging markets
• 6:38
  pushing their own currencies for international payments.
• 6:42
  China is reportedly settling trades with Russia in the
• 6:46
  Chinese Yuan and has made clear its intention to
• 6:50
  internationalize its currency. Other regional players like
• 6:54
  India are also pushing to settle foreign trade in their own
• 6:59
  currency. This evolving multi currency
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  system will see a gradual shift in foreign currency reserve
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  portfolios and gold is likely to play an important role as this
• 7:15
  develops. Again, this is from ANZ Bank,
• 7:19
  Australia, New Zealand. I guess the Z is Zealand, yeah,
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  Australia, New Zealand, ANZ Bank, the second biggest bank in
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  Australia. These guys are higher, highly
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  respected. They're talking about the
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  bifurcation that's going on right now.
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  They're talking about the central banks moving their money
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  out of treasuries into gold. But why?
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  That's what we need to know. And don't forget, I've got
• 7:47
  something with this here Tonka truck that has everything to do
• 7:51
  with the gold and silver prices. It was one of the most, I think,
• 7:55
  earth shattering examples that I'd ever heard.
• 7:58
  I didn't make this one up, although I did get all these
• 8:00
  props ready to show you at the end of the live stream.
• 8:03
  Thank you, Neil. Wow, thank you Neil.
• 8:05
  Buy silver and platinum, osminium and crystalline form.
• 8:10
  I don't know what osmium is. I'll have to look that up.
• 8:14
  That's what we're here for, right?
• 8:16
  Right. That's what the chats for.
• 8:18
  We help each other learn. I just learned there's something
• 8:20
  called Osmium. Maybe I sound stupid.
• 8:22
  Maybe you guys all know what it is.
• 8:24
  I don't know what osmium is. I'll have to look that one up.
• 8:27
  So we appreciate that, Neil. I appreciate the Super chats.
• 8:30
  They go a long way to help support the channel.
• 8:32
  So do our sponsors, Fortuna Silver.
• 8:36
  They're more of a gold miner. Check them out at
• 8:39
  fortunasilver.com and first mining Gold and their CEO, Dan
• 8:45
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• 8:49
  You can check them out at firstmininggold.com.
• 8:51
  Why is this a big deal? Whoa, whoa, whoa, whoa, whoa,
• 8:54
  whoa, whoa. I almost cheated you.
• 8:56
  I'm sorry. I'm your friend.
• 8:59
  You know, I hope you consider me a friend.
• 9:01
  I consider you a friend. I almost cheated you.
• 9:04
  Let's talk about what this Australia, New Zealand bank is
• 9:09
  saying about the gold price and then we're going to get into why
• 9:13
  people are moving away from the dollar.
• 9:15
  And then we're going to talk about, we're going to talk about
• 9:18
  $65 silver and Tonka trucks, OK. Although the gold market
• 9:23
  continues to wait. Are we waiting?
• 9:26
  Yeah, we're patient. We're patient for a catalyst as
• 9:30
  prices consolidate above $2000.00 an ounce.
• 9:34
  Analyst at ANZ said that central bank demand should help support
• 9:40
  gold prices push back to a record high of around $2200 by
• 9:49
  year end. Hey, look, we'll take it right,
• 9:52
  guys? But we think.
• 9:54
  I think it'll be a lot, a lot higher.
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  Do you think? What do you think?
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  The high will be in gold this year.
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  And gold will dictate silver. That's what this is about.
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  I'm gonna show you it. Tease you one more time.
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  The old Tonka truck, right? Huh.
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  What do you think the high in gold will be this year, 2024?
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  I'm gonna go with my prediction. Uh oh, uh oh.
• 10:20
  I froze. Hello.
• 10:22
  Can you hear me? Please let me know you can see
• 10:24
  me and hear me. I can't type.
• 10:27
  Hmm. Well, anyway, I think we're
• 10:30
  going to get the $2600 gold this year.
• 10:32
  If you can see me and hear me, please let me know in the chat,
• 10:36
  because I'm getting frozen on my own computers.
• 10:41
  OK, Susie's screaming at me, 2600.
• 10:44
  Now I can type. OK.
• 10:46
  All right, 2450. All right, 5 by 5.
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  Thank you, guys. For the five by fives.
• 10:52
  You know, it's live. I do the best I can.
• 10:55
  Sometimes we get in into some technical difficulties.
• 10:58
  Those of you who've been around for a while realize that.
• 11:01
  So. So I hear you.
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  All right, Steve. All right, Tom. 2300, Ron likes
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  to play with that. Tonka during Susie.
• 11:12
  I just saw Susie wrote that. Yeah.
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  All right. Why?
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  Why are the central banks? Let's listen to what an former
• 11:21
  IMF chief economist has to say. This will be quick.
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  You know we don't like to dive into the dry stuff too much.
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  But congratulations, Americans, you're headed for a disaster.
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  OK? Hey, and don't forget, please
• 11:34
  give this a thumbs up. It helps get the word out to
• 11:36
  more and more people. This is from Fortune magazine.
• 11:39
  Finance and national debt. Top economist.
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  Very worried about America's 34 trillion national debts, he
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  says. Quote, there's absolutely no
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  attempt to decrease them in any way, shape or form.
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  OK, I got a comment on that. I agree 100%.
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  Is anybody talking about the fact that we have a $34 trillion
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  national debt? No.
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  Any of the presidential candidates?
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  No. Is anybody talking about this
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  foreign concept that maybe at some point if you're in debt,
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  the idea is to pay off the debt? I mean, we seem to be living in
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  this fantasy world now where we think, well, we can just keep
• 12:21
  creating more and more and more and more and more debt and we
• 12:24
  never have to pay it off. Wrong.
• 12:28
  Every time we borrow money, somebody thinks they're getting
• 12:32
  paid back. Is anybody like living in
• 12:35
  reality world? Let's go off on a little side
• 12:38
  tangent. President Joe Biden, as part of
• 12:42
  his Bidenomics plan, which we all know it's working, right.
• 12:46
  He's forgiving student debt. There was a great article on
• 12:50
  Zero Hedge last night that pointed out a fact.
• 12:52
  They're not forgiving the debt. OK, when people that took out
• 12:56
  loans to go to college right that now say, oh, I can't pay
• 13:00
  those back, I can't pay, I can't pay.
• 13:02
  And I understand, right? I don't.
• 13:04
  I won't go down that road. But none the less, they borrowed
• 13:07
  the money knowing they would have to pay it back.
• 13:10
  And now President Joe Biden, I'm sure it has nothing to do with
• 13:14
  the fact that it's an election year.
• 13:15
  Nothing at all to do with that. And then then both side.
• 13:18
  Not a political show. Both sides of the aisle.
• 13:20
  Do you know shenanigans when it's an election year
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  Nonetheless. Nonetheless, he's not forgiving
• 13:27
  the debt. Guess who's getting the debt?
• 13:29
  You are. Got bad news for you.
• 13:31
  I got more bad news. You're getting the debt that
• 13:35
  that's not being forgiven. It's just being transferred all
• 13:39
  back to the United States of America.
• 13:41
  Taxpayer. You and me.
• 13:43
  OK, that person took out that loan.
• 13:46
  What would really make me mad? I don't know about you, but this
• 13:49
  really would make me mad is like if I, like went through college
• 13:53
  and I worked full time, you know, waiting tables or working
• 13:57
  on cars or whatever it was just so I could pay my not go into
• 14:02
  debt. And then now the same people
• 14:05
  that didn't work when they were in college and just partied all
• 14:07
  the time and took out and student loans, now they get
• 14:10
  their debt forgiven. Look, I mean, you know, I guess
• 14:13
  if I was getting my debt forgiven, I I might feel a
• 14:15
  little bit differently about it. But none the less, I mean, does
• 14:19
  it make sense? No.
• 14:20
  That debt is not being it just doesn't go away.
• 14:23
  No, it gets transferred, transferred to the to the
• 14:26
  general debt of the United States of America, which is you
• 14:30
  and me nonetheless, back to this top economist, he says the
• 14:36
  United States is in danger of a fiscal crisis erupting after a
• 14:41
  ballooning in deficits in recent years.
• 14:44
  This is according to our friend Oliver Blanchard, a senior
• 14:48
  fellow at the Peterson Institute for an International Economics.
• 14:52
  Mr. Blanchard is a former International Monetary Fund
• 14:56
  chief economist, and he's typically more relaxed, has a
• 15:01
  more relaxed fiscal stance. But he's now sounding the
• 15:04
  alarms. He said he's concerned about the
• 15:06
  attitude in Washington to eye watering U.S. government
• 15:10
  deficits and debt. He says, quote, in the US, I'm
• 15:14
  very worried because the primary deficits are very large and
• 15:19
  there's absolutely no attempt to decrease them in any way, shape
• 15:24
  or form, he told the House of Lords Economic Affairs
• 15:26
  committee, via whatever primary deficits exclude government debt
• 15:31
  cost. He is the latest to warn of dire
• 15:34
  trajectory, dire trajectory for U.S. debt after sharp increases
• 15:40
  in the deficit under both President Joe Biden and his
• 15:43
  predecessor Donald Trump. The huge deficit seen last year
• 15:48
  is called caused Concern as it comes after a rise in interest
• 15:52
  rates and when the economy is growing.
• 15:55
  The US government debt held by the public top 26 trillion in
• 15:59
  2023 or 97% of GDP. According to the Congressional
• 16:05
  Budget Office. Total government debt is more
• 16:08
  than 120% of GDP. Where's my picture?
• 16:13
  I had a chart that showed all the countries debt to GDP
• 16:16
  ratios. the United States is up there.
• 16:18
  I think Japan and maybe one other country was beating us.
• 16:22
  Okay Japanese. A clown show from a from a
• 16:25
  fiscal monetary perspective, they've been like printing money
• 16:28
  and buying their own debt for decades.
• 16:31
  It's a it's a clown show of clown shows, OK?
• 16:34
  the United States is like the sideshow to the clown show.
• 16:38
  It is not a good, healthy situation, OK?
• 16:42
  He says. I don't see a big crisis coming
• 16:45
  again, except for the US, where at some point it will happen.
• 16:51
  Whether it's in five years, 10 years, I don't know, he said.
• 16:54
  As we know, if they struggle in the US, then this has
• 16:57
  implications for the rest of the world.
• 17:02
  What does that have to do with the price of silver and gold?
• 17:05
  Well, I'm going to tell you right now, and we're going to
• 17:07
  get to the Tonka truck, OK? Because this has everything.
• 17:10
  This is gold. I'll give you a hint.
• 17:12
  This is gold. But I've got a silver prop for
• 17:15
  you as well. There's a guy who I'd never
• 17:19
  heard of, his names, Francis Hunt, Okay, he said.
• 17:23
  Basically the powers that be are doing everything they can.
• 17:27
  All this debt Okay to perpetuate the current Fiat debt based what
• 17:33
  I like to call Unicorn fart dust system.
• 17:37
  The more they resist, the higher the water builds up behind the
• 17:41
  dam and the bigger the destruction when it lets free
• 17:45
  all this debt. All this debt building and
• 17:49
  building. What did we talk about just a
• 17:52
  little bit earlier? All the countries of the world
• 17:55
  are saying, no, Moss, we don't. We're not.
• 17:58
  We're moving away from your debt.
• 18:00
  We're moving away from your U.S. dollar.
• 18:03
  But the debt keeps growing and growing and growing.
• 18:07
  Did you know that this year alone there's going to be like
• 18:10
  10 trillion or more of debt that's going to need to be
• 18:14
  issued by our Treasury Department because we got like 9
• 18:18
  trillion that's coming due that needs to be refinanced and
• 18:21
  another God knows how much by the time we're done.
• 18:24
  I'm sorry I took the Lord's name, I didn't really take it in
• 18:26
  vain, but I don't like to use that.
• 18:28
  It was a slip none the less. Another like 1.4 trillion
• 18:33
  because of the deficit, $10 trillion.
• 18:36
  Interest rates may not come down, guys, because you know
• 18:39
  why? You know why nobody wants to buy
• 18:42
  that debt? Interesting, isn't it?
• 18:45
  Right. People are going to say, well,
• 18:46
  we don't want the debt, that they're only going to want to
• 18:49
  buy the debt if the rates are higher, OK?
• 18:52
  It's going to create a big, big, big issue because what's going
• 18:58
  to happen? Think about it.
• 18:59
  Take a step back. If nobody's buying the debt and
• 19:03
  the whole system is based on debt and people start running
• 19:06
  for the exits, what do you think the exits gonna be that they're
• 19:10
  gonna run to? Remember, you can think about
• 19:13
  this Fiat make believe system like a fun house at your school
• 19:17
  carnival when you were growing up.
• 19:18
  Remember, the guys would come in and set up the fun house and
• 19:22
  you'd pay $0.25 and go in there and there'd be smoke machines
• 19:25
  and those funny mirrors, right? And everything would look OK.
• 19:29
  The world was different. They'd have one of those tubes
• 19:31
  where it would spin and it'd feel like you'd walk through it
• 19:34
  and you were moving, right. That's what the system is right
• 19:39
  now. And Jerome Powell, he's the
• 19:41
  control man for that funhouse. He's pressing all the buttons.
• 19:46
  Okay. But when everybody starts to
• 19:49
  wake up, right, and it's starting right now and they run
• 19:52
  for the exits, everybody in that funhouse partying, having a good
• 19:56
  time. Yeah, this is great.
• 19:57
  This is wonderful. And Jerome's making everything.
• 20:00
  Thank you, Metal Seer. Thank you.
• 20:03
  Factoid. Last quarter interest on the
• 20:05
  national debt, only a trillion. Let's remember what our friend
• 20:08
  Don the brain taught us. A trillion is 1,000,000 *
• 20:12
  1,000,000 a million times a million.
• 20:15
  When that catches up in that fun house and people start to wake
• 20:19
  up and like, you know this isn't real what's going on in here,
• 20:23
  and they start to run for the exit.
• 20:25
  You know what that exit is? That exit's a little bitty door.
• 20:28
  A little itty bitty door that says silver and gold.
• 20:33
  That's what's going to drive the value.
• 20:36
  Who knows what the price will be?
• 20:38
  I gotta you guys, you guys give me some Flack sometimes for my
• 20:40
  thumbnails, $200 silver, $55 silver.
• 20:44
  Yeah, they vary. Because really, I think we're
• 20:47
  going to hit all those numbers. I could go up to $2 trillion
• 20:51
  silver, or gold for that matter, for all I care.
• 20:54
  Because when people wake up and start running for the exits,
• 20:57
  right, there's going to be that little bitty.
• 21:00
  Who cares? The the the silver and gold
• 21:03
  aren't measured in money. You know, the money is measured
• 21:07
  in silver and gold, our currency.
• 21:09
  The currencies measured in silver and gold are measured in
• 21:12
  ounces. Right.
• 21:14
  This is 3 ounces of silver. That's what it is.
• 21:19
  I don't you know. Yeah, sure.
• 21:20
  You think, oh, it's worth 75 bucks.
• 21:22
  Oh, it's worth whatever. Who cares?
• 21:24
  It's 3 ounces of silver. Guess what?
• 21:26
  This was 3000 years ago, and that was 3 ounces of silver.
• 21:32
  OK, Guess what? It'll be 3000 years from now, 3
• 21:37
  ounces of silver. And I have a suspicion, number
• 21:42
  one, that neither of us will be around at that point, but that
• 21:45
  that silver will still hold its value.
• 21:49
  OK, now, now let's talk about the gold.
• 21:53
  Let's talk about silver and gold.
• 21:54
  Let's talk about the Tonka truck, the moment you've been
• 21:57
  waiting for. OK?
• 21:59
  This guy, Francis Hunt had an unbelievable good analogy for
• 22:04
  the gold price and the silver price.
• 22:06
  One thing he brought up and remember, this is the gold
• 22:10
  price. This old Tonka.
• 22:11
  This is from my childhood. I also have the trailer and
• 22:15
  bulldozer that goes along with it.
• 22:17
  I bet the sucker's worth some money.
• 22:20
  I was going to use the bulldozer for the gold price.
• 22:22
  But anyway, maybe some other day.
• 22:26
  This is the gold price. Let's remember something about
• 22:30
  this, the gold price we've had. Like what did he say?
• 22:34
  Oh, this is awesome. November of 2023.
• 22:36
  We talked about this and then we kind of forgot about it.
• 22:39
  Here's some more good news, basement dwellers.
• 22:42
  We had three attempts of gold to get above $2000.
• 22:46
  Remember the Triple Top? The Ultra Rare Triple Top and
• 22:50
  Gold never closed on a monthly basis above $2000 in November.
• 22:56
  It did that for the very first time, November of 2023.
• 23:00
  That technically means a breakout look before I came on.
• 23:03
  I looked at the gold price and it was hovering at like 2028,
• 23:07
  two 1029 per oz. Doesn't it feel weird how strong
• 23:11
  and stable the gold price has been lately?
• 23:14
  Yes, this. OK.
• 23:16
  But what does that have to do with silver?
• 23:18
  And what does that have to do with this bungee cord that I
• 23:23
  attached to the back of the gold price?
• 23:24
  This guy, Francis Hunt, he's bald, he's smart.
• 23:28
  I think I've heard him before, but he said something last night
• 23:31
  that is going to blow you away. OK, Blow you away.
• 23:35
  You think of the gold, the the gold and silver price like a
• 23:38
  truck. OK, towing a trailer.
• 23:43
  But in this case, we're going to use this.
• 23:47
  The silver. Yes, that's a stopper, 4 by 4.
• 23:52
  Those of you who are around in the 80s, remember that this is
• 23:55
  the gold price. This is the silver price.
• 23:58
  Remember, you know, like gold kind of leads the way.
• 24:01
  Gold's the big, powerful truck and it's towing the stopper, I
• 24:05
  think. As a matter of fact, this thing
• 24:07
  still works. There you go.
• 24:11
  This got headlights. Silver's ready to go.
• 24:14
  Stay with me here. This is critical to understand
• 24:18
  regarding the relationship between the silver price and
• 24:21
  gold price. So the gold price has been
• 24:24
  powering along strong and it's towing the silver price along
• 24:28
  with it, right? But it's not a stable, it's not
• 24:31
  a tow bar, It's actually using a bungee cord.
• 24:34
  See how it stretches? So the gold price goes up and up
• 24:37
  and up, right? And the silver price follows
• 24:40
  behind, but it's stretching out in that bungee cord there.
• 24:45
  That's the silver to gold ratio. Most people call it the gold to
• 24:49
  silver ratio, but we call it the silver to gold ratio because
• 24:52
  right now it's really stretched. I don't want to break this
• 24:55
  thing. It's like it 90 or 86 or
• 24:58
  whatever it sits at right now. So gold keeps going up.
• 25:02
  Gold's up here at 2000, right? And silver's kind of holding
• 25:06
  back here, right? But all this energy is getting
• 25:09
  built up in that bungee cord. This guy's name is Francis Hunt.
• 25:13
  I want to give him credit for this analogy.
• 25:15
  He didn't use Tonka trucks like me and stoppers.
• 25:17
  But nonetheless, when when the gold price gets up a little bit
• 25:22
  higher, right, and silver goes to catch up, all that energy and
• 25:26
  that bungee right and silver will fly past gold, right?
• 25:33
  And it will be. That's why they say right
• 25:38
  Silver's got the wheels, baby. What that demonstrates put my
• 25:45
  trucks away. The other way we've heard it
• 25:48
  said lately, when when gold runs, When gold runs, silver
• 25:53
  sprints. I like to use the analogy that
• 25:55
  Silver is like Gold's temperamental little sister,
• 25:59
  prone to to tizzy Fitz, right? Prone to to going and locking
• 26:04
  herself or him or himself in his room, but also prone to doing
• 26:08
  great things and and really moving.
• 26:11
  So anyway, I just thought that was one of the best analogies
• 26:16
  for the relationship between silver and gold.
• 26:18
  Don't forget, OK, right that right there's gold pulling
• 26:23
  silver along, right? Gold.
• 26:25
  But as that as that, as that silver to gold ratio gets
• 26:31
  extended, it's like that bungee with that energy and when it
• 26:35
  goes right, it'll really, really go, hey, I appreciate you guys
• 26:40
  joining me here today. I appreciate you coming to the
• 26:43
  basement. I want to make a a couple of
• 26:45
  quick small announcements. I've been having a little
• 26:49
  trouble with my health lately. I don't want to dwell on it.
• 26:51
  I want to be positive, but I'm going to have to cut back a
• 26:54
  little bit. I will put out a new piece of
• 26:56
  content every day, either a live stream or a like traditional
• 27:02
  video. I've got a great video, a one
• 27:04
  hour conversation with the silver hermit coming out.
• 27:07
  This guy's super smart and we talked about some interesting
• 27:11
  things going on, the history of manipulation in the silver
• 27:15
  market, so you can look for that tomorrow.
• 27:18
  If I can do a live stream every day, I certainly will.
• 27:21
  I'm at the cut back on the time a little bit.
• 27:23
  I really need to protect my health at this point and it's
• 27:27
  starting to take a a little bit of a toll.
• 27:29
  Thank you. Silvershire bid for the stopper.
• 27:35
  I have three of these. I don't know if any of you guys
• 27:37
  grew up in the 80s like I did. I have three of these.
• 27:40
  I think. Look, the headlights still work.
• 27:46
  I thought they were the coolest thing when I was about 8 years
• 27:49
  old, but I think that's the only one that works.
• 27:52
  And I looked on eBay at one point that they sell for like
• 27:54
  $2530. So anyway, I love the stoppers
• 27:59
  and you know, Tonka Trucks and I just, I I wanted to show you
• 28:04
  that example, 'cause it really made sense to me.
• 28:06
  I loved how he said that. Again, I want to give that guy
• 28:09
  credit. Francis Hunt.
• 28:11
  OK. Yeah.
• 28:13
  And it'll be interesting, this debt, you know?
• 28:16
  Thank you, Shadow work for the Super chat.
• 28:18
  Thank you, guys. Super appreciate it.
• 28:21
  OK. Today's my daughter's 12th
• 28:23
  birthday. By the way.
• 28:24
  Evie and Lillian, I'm not gonna cry.
• 28:26
  I already cried this morning. Thank you, Jake.
• 28:30
  Wow. Uh, oh, oh, man.
• 28:36
  Everybody wants the stopper. I've got a couple other old
• 28:39
  ones, guys. OK.
• 28:41
  The stoppers are cool. I know.
• 28:42
  They're they're fun. Metal seared.
• 28:44
  Yeah. Thank you.
• 28:45
  Thank you, guys. What was I going to say?
• 28:48
  Oh, yeah, the girls are turning 12.
• 28:50
  Don't forget, man, all you guys. I know Jake's got kids.
• 28:54
  I know a lot of you guys have kids.
• 28:55
  Maybe you have nieces and nephews.
• 28:56
  Maybe you have grandkids. Enjoy the time.
• 29:00
  You can with those kids. My daughters were so happy this
• 29:03
  morning. Susie and I came home from work
• 29:06
  last night. I work at night, OK.
• 29:08
  I'm part of the International Brotherhood of Music School
• 29:12
  security guards. I got home about 10:00 last
• 29:16
  night, 1030, and I walked into the kitchen.
• 29:19
  In the kitchen table was covered with birthday presents, a big
• 29:23
  happy birthday thing. And honestly, guys, I have not
• 29:27
  been feeling good lately. But it made me feel so good.
• 29:30
  And I was so impressed with what Susie did for the girls.
• 29:32
  Actually, one of our. And thank Wait a minute, Whoa,
• 29:37
  whoa, whoa, whoa, whoa. Don't you leave yet.
• 29:39
  Number one, we got to ring the bell 10 times.
• 29:42
  Huh. Let's give it ten rings.
• 29:44
  Let's do a couple bonus rings. That's a symbol of our love for
• 29:53
  one another. What the heck, we can say it,
• 29:55
  right? But it was so nice to see what
• 29:58
  Susie had done for the girls. Really, really warm my heart.
• 30:01
  I also want to say thank you to the moderators, guys, if you
• 30:05
  could do what I do and type 888 for the moderators because those
• 30:10
  that moderate are great. So type 8.
• 30:14
  That's all I want to state. Also, Sassy Silver gave my
• 30:21
  daughters a really cool present each that they're going to open
• 30:24
  tonight. We appreciate that.
• 30:29
  You know, I love this. I love this community.
• 30:33
  I'm very grateful. Thank you, guys.
• 30:35
  OK. I don't know if I'll be back
• 30:38
  tomorrow for sure. Just if you want to be notified,
• 30:41
  make sure you subscribe to the channel and press the little
• 30:44
  bell thing so you're notified and I'll let you know whenever I
• 30:47
  come live. But I'm going to put out a piece
• 30:48
  of content every day for as long as I'm here and I appreciate
• 30:52
  right now that you're here. Let's remember right, if we're
• 30:56
  here, we're on the live stream or a live we can see, we can
• 30:59
  hear most likely. We do have a lot to be grateful
• 31:02
  for. I'm super grateful for you.
• 31:05
  Have a good day. Be nice to yourself.
• 31:07
  Number one first. OK.
• 31:09
  That'll help us be nice to other people.
• 31:11
  We'll see you soon. Thank you.
• 31:13
  And thank you.