Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 1970s SILVER Surge - Plus Robert Kiyosaki Said THIS! - (Precious Metals Gold News Update)

Transcript

🚨 1970s SILVER Surge - Plus Robert Kiyosaki Said THIS! - (Precious Metals Gold News Update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  $661.00 per oz silver. Can you imagine a world where
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  you wake up, you go to Kitco or wherever it is that you choose
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  to check the silver price in UC661?
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  Hey, it wasn't too long ago when we talked about $50 silver and
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  that was the case. It seemed like it would never
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  happen. Well, in this conversation that
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  you and I are going to have, we're going to look at some
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  charts, we're going to look at some data points that make this
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  prospect of $661.00 per oz silver not seem so far fetched.
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  I've actually got a chart that'll point it out from one of
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  the leading analysts in the silver market.
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  But we got a lot more to cover as well, including yet another
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  warning from our good friend Robert Kiyosaki.
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  It's going to be great. It's going to be interesting.
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  Most important, thank you for joining me down here in the
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  basement. I hope you feel like you have
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  found a little home away from home, right?
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  We're a group of people, we call ourselves basement dwellers.
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  We love gold and silver. We've been meeting down here for
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  years. I want you to know you're always
• 1:11
  welcome here. Please subscribe to the channel
• 1:13
  that will make our lovely Co host my wife upstairs, Susie,
• 1:18
  who communicates via walk Walkie very happy and turn on the bell
• 1:22
  notifications. That way you'll get notified
• 1:25
  every time that we put out a new piece of content.
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  Let's start with Robert Kiyosaki and then let's go to $661.00
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  silver. And then there's even more
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  that'll help us reframe our view of where the future of the gold
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  and silver price are headed. So Robert Kiyosaki put this out
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  just a few days on X. He said it's not just the United
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  States. He's putting out a big warning.
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  Europe and Asia are crashing. AI will wipe out jobs.
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  When jobs crash, office and residential real estate also
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  crashes. And that's coming from him, a
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  real estate guru. But this is where he talks about
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  silver. Time to buy more gold, silver,
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  Bitcoin and Ethereum in yellow. Silver is the best and the
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  safest. I think a lot of us out there
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  agree with that. Silver is $50 today.
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  We're going to go take a look at A at a price quote here in one
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  second. But Robert predicts silver will
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  hit $70 soon and possibly $200 per oz in 2026.
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  Next we're going to look at the $661.00 chart.
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  But the good news is while millions will lose everything,
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  if you are prepared, this crash will make you richer.
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  I will have more ways, blah, blah, blah.
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  OK, let's go out and take a look.
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  We've had some volatility this morning.
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  And remember guys, volatility is normal.
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  I don't know what happened. We had almost $52 silver at one
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  point this morning in the spot market.
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  Well, 5170 we dropped down. I don't know what hit right
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  there, but we're bouncing back again.
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  Let's go look at the futures market.
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  So the spot price is currently basically $51.00.
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  The futures market, which is the December futures market, $50.64.
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  So we are still, this is critical.
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  The reason why we looked at that is to notice that we are still
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  in a state of backwardation where the spot price, the
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  current price of silver, people wanted a medium is higher than
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  the futures price. And that only indicates 1 thing
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  that maybe speculation here, but a lot of people are speculating
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  this. There might be some concern
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  about that future delivery ability of silver in December.
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  We'll see how that all plays out.
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  It could also mean that people think the price of silver is
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  going to go down, but the sharpest minds out there in the
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  precious metal sector are saying backwardation.
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  Now with everything going on, all the fundamentals only
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  indicates one thing and that is some serious concern about the
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  future deliverability of silver because we know all the reasons
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  now $661.00 per oz silver. Look, I put out price
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  predictions. I want to be honest with you, my
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  gut feeling about silver. Silver can go to Infinity.
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  Silver could go to thousands of dollars per oz if we choose to
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  measure it with this paper money, right U.S. dollars based
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  on if we use this as the unit of measure versus this.
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  Here's a beautiful one ounce silver round from first met
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  right. The the price of this measured
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  in this if this just gets printed and printed more and
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  more like has been the trend can go to Infinity.
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  But let's look at something very interesting that compares what
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  happened with silver in the 1970s to what is happening right
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  now. Comes from Mike Maloney from
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  Gold Silver, who puts out great content, has been a great
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  proponent of the precious metal for years and years.
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  This comes from metals and miners.
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  The big silver surge is coming in the 1970s.
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  Bull Run shows us how high it can go.
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  I thought this came from gold silver.
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  OK, yeah, Mike Maloney said this.
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  So we're going to look at this chart right here and we're going
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  to. We're going to get the crayons
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  out, guys, because on this chart the white line is the current
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  silver price. The blue line that you can see
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  on that chart is the 1970s. So it starts in 1970, again in
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  blue and goes through 1980. And as you remember, the price
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  of silver went from, I don't know, like $1.50 over here all
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  the way to $49.45. OK, that's the blue line, that's
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  the 1970's. The white line is an overlay of
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  the current silver market, which acts.
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  So it's a little bit of a longer time frame, but starting in 1999
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  and going through 2027. But as you can see, there's some
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  real similarities here. The price went up, kind of
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  pulled back, consolidated for a while.
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  And again, here we are right now with that current high.
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  But they're projecting, right, if this continues that we will
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  get to hold on here. I'm going to erase all this,
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  right? This yellow line, which is
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  actually underestimated, $661.50 per oz.
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  But something critical that we need to remember as we compare
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  what happened in the 1970s to what happened now.
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  Do you think maybe things are a little different now than the
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  1970s? Yes, right.
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  Between 19/19/70 and today, right?
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  the United States had enjoyed this world hegemony, which
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  basically means we ruled the world.
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  It was the best of times for the United States.
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  And despite it being the best of times, we know what's happened
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  to the dollar and we know now look back over the last 50 years
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  and compare it to the 50 years ahead, right?
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  The last 50 years, we had all the power in the world, We had
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  all the economic power. The dollar was king and it was
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  squandered by our leaders. So then now look at where we are
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  today and think 50 years in the future.
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  And again, I won't pull the paper dollar out again.
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  But if you think about what could happen to the US dollar,
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  unfortunately I don't like it. I'm a patriot, all those good
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  things. I love the founding fathers.
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  And they did put silver and gold in the United States
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  Constitution, right? But when you look at what the
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  next 50 years look like, this idea that we could get massively
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  higher prices for both gold, but in particular silver is not out
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  of the question. And when do you sell?
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  You may be asking, I get that question all the time, I'll let
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  you know in the future. But me personally, I'm not a
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  financial advisor, don't make any financial decisions based on
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  what I say, but I feel comfortable holding physical
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  metals, holding precious metal mining stocks as we head into
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  the future. And I do want to say thank you.
• 8:42
  Where are they right there. Speaking of metal stocks to 1st
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• 8:53
  ounce gold projects, spring pull in Ontario, Duparquet in Quebec,
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  gold in the ground in Canada. They're working through the
• 9:02
  development phase, which can be rich with catalyst.
• 9:05
  You can learn more about them at firstmininggold.com.
• 9:09
  And let's talk about our silver. Boy, my arms are screwed up
• 9:11
  today. Our silver sponsor first meant
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  This thing is so beautiful. I don't think the camera does it
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  It is absolutely beautiful. And on the back, I guess this is
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  I'll take you out to their website so you can see where you
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• 10:13
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  So check out First Mint couple of their other projects
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  products. Hail to the chief.
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  I love that Indian Head design. One of my favorites.
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  The Las Vegas round also awesome.
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  I'll pull that out during the next live stream to show it to
• 10:30
  you. There's the year of the snake
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  and the year of the dragon. They also have a really cool
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  Folds of Honor line. You can go to the store and go
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  down here to Folds of Honor that benefits the survivors, the
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  first responder and military community.
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  So thank you, First men. Thank you First mining gold for
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  sponsoring Ron's basement. What?
• 10:59
  What's next? Hey, you want to go on a trip
• 11:01
  down memory lane, huh? One of you sent me this the
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  other day and let's take let's take a step back and realize
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  where we are. When we talk about the gold and
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  silver price doubling. I want to show you this.
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  This is a screenshot from a text I received.
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  He said. I'm praying this is a technical
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  glitch unless someone just dropped something nuclear.
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  This was on Sunday night and it was a tech glitch was showing
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  that the gold price was down $2114.00 and, and the gold was
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  trading at 1964, which would have been devastating, right?
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  It was a technical glitch. But then remember something.
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  I think it's important for us. The reason why we want to look
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  at this and remember this is because you, you probably
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  remember 2-3 years ago that would have been a really good
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  gold price. So let's take some.
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  It is the Thanksgiving season. Hopefully you're going to spend
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  some time with family if you celebrate Thanksgiving.
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  But one thing we can be thankful for are much, much higher prices
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  right now, both in gold and silver.
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  The other thing I'm very thankful for is you.
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  Yeah, you. It's your time.
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  Again, thank you. Wherever you're joining from, we
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  are all over the world, all age groups, people that love gold
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  and silver. You are important.
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  Please don't forget, subscribe and turn on notifications.
• 12:24
  Now let's talk about China. The world is running out of
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  silver. Look at this data.
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  I thought this was a very nice visual way to look at what's
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  happening with China and China's massive guys.
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  China and India, 1.4 billion people each.
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  I've got the right screen up. This came from Solve Net Hug
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  Silver inventories in Shanghai, down almost 48% in eight weeks.
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  Wow. OK, this is a stacked chart.
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  Let me pull this up and explain this to you as I understand it,
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  showing the China silver inventories down here on the
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  bottom. Hold on.
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  Down here on the bottom, you can see the Shanghai Futures
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  Exchange vault. I believe that is this section
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  in here, OK. And then stacked on top of that
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  is the brown section, the Shanghai Gold Exchange vault,
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  which is this brown section up here.
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  But look at this man. Do you see this, right?
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  The amount of physical silver in China is dropping, dropping,
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  dropping. Look, we can get all fancy.
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  I like to keep things simple, right?
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  Because to me it's just common sense why we choose, why you
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  choose to invest in gold and silver.
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  But it's real simple common sense.
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  That is the supply of silver in the world goes down, down, down.
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  We know that cumulatively over the last five years, according
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  to our friends at the Silver Institute, you're telling us,
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  right, There's been a deficit for five years running.
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  I'm hearing at least a billion oz, maybe as many as 1.3 billion
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  oz have been pulled from the what we call Silver Rainy Day
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  Fund, right? The above ground excess silver
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  that it was needed to satisfy the fact that the world is
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  consuming for five years straight more silver than it is
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  producing. OK, it's fantasy Island that
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  price. Let's go check again.
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  That's for fun. It's been it's a special day.
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  Let's go out and look at the the silver price one more time.
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  OK, We're down $0.40. This is the Kitco spot price.
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  But still remember, look right there, $50.90.
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  This is all Fantasy Island Silver.
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  It's paper silver. You know, the paper markets have
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  been manipulated for decades, eventually.
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  The big key take away here, and Keith Newmeyer, CEO of First
• 15:05
  Majestic, said it the other day, right?
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  This silver rally that we're having right now is based on
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  physical demand. And when physical demand
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  overwhelms the paper market, they will have no choice.
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  They will be forced, right? Mathematics.
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  Mathematics shows no forgiveness on the altar of truth.
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  They will have no choice but to adjust the silver price to
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  reality. And you and I know what that
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  reality is. I believe it to be much higher.
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  But again, I'm not a financial advisor.
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  Please always be responsible with any financial decisions you
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  make. Don't expose yourself to too
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  much risk. And let's go here, What about
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  Wall Street? How are they thinking about?
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  Let's talk about gold, let's talk about gold.
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  And this just shows us how much room we have for improvement.
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  We talk about it all the time. We got Wall in the West, we've
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  got Wall Street, and we have the general public.
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  Now we know the general public is just starting to wake up to
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  the fact that they need to get their hands on some silver or
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  gold. And guess what, basement
• 16:10
  dweller, you probably figured it out a little bit early.
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  We tried to tell him, right? I tried to talk to my neighbors.
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  I tried to talk to my family. You know what they say when I
• 16:22
  talk back to him. I'm a sheeple.
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  I like to watch cable news and believe what I see on TV.
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  I'll just invest in the stock market.
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  It always goes up. OK, well, great.
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  Good for you. But what about Wall Street?
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  Let's go see what Wall Street is saying right now.
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  Thinking about gold. And we will head out to Here we
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  go. This comes from the Kobe C
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  letter and what they're telling us is this professional
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  investors can only ignore gold for so long.
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  Only 5% of global fund managers believe gold prices will exceed
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  $5000 by the end of two thousand 2634% expect gold to trade in
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  the 4000 to 4500 range where we are right now, while 27% think
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  the gold prices will reach 4500 to 5000 per oz.
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  On the other hand, in red 34% one third 34% see gold prices
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  falling below $4000 with 26% anticipating a range of 3500 to
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  4000. Meanwhile, this is shocking 40
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  percent 39. We'll round it up. 40% of
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  professional investors in the survey do not own any gold in
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  their portfolio. Gold is also no longer quote the
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  most crowded. So gold is is is been
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  consolidating. So it's no longer this
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  overcrowded trade after topping that list for the first time in
• 18:07
  October. So it's not just your next door
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  neighbor and your Uncle Fred, whoever who don't who don't
• 18:15
  believe in precious metals. But it's also sorry, I had an
• 18:19
  eye itch. Those fine people on Wall
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  Street, those are the mega sheep, the the Wall Street
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  sheep. When they wake up, guys, think
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  about this. China and India, they've been
• 18:34
  woken up to gold and silver. They've been loving gold and
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  silver for centuries. Even now we know all the data
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  coming out of the East, coming out of Asia.
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  When the West wakey wakey, wakey wakey W, when they wake up, they
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  aren't going to be able to get their hands on gold and silver.
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  There will be lines at your local coin shop.
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  The online dealers with technology now will be sold out
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  almost immediately. We saw that during C-19.
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  We also saw a drain to other circumstances when there's a
• 19:04
  rush for gold and silver because people can just pick these
• 19:06
  things up and buy gold and buy silver.
• 19:10
  It gets wiped out very, very quickly and it's going to be a
• 19:14
  wild, wild ride. OK, enough for today.
• 19:16
  Thank you for being here. Don't forget, please subscribe
• 19:19
  to the channel and I'm going to look forward to seeing you.
• 19:22
  Yes, you, you're important. I'll see you soon.