Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER $16: Learn from MASSIVE Bank and more...Silver $160!

Transcript

SILVER $16: Learn from MASSIVE Bank and more...Silver $160! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
$16.00 silver? Is that where we're headed?
0:04
Or maybe do we put a 0 on the end of that and make it $160
0:09
silver? Sure, I'll get bashed for even
0:13
saying that we could have $80.00 silver, but the prospects for
0:17
silver look brighter and brighter and.
0:20
I've got a big bank that I bet you've never heard of.
0:24
They said something very positive about silver.
0:27
We're going to go through a brief report that they put out,
0:30
but it's good news for our friend Silver.
0:33
There's so much going on in the world.
0:35
We've got the massive BRICS summit coming up on August 22nd.
0:40
More and more people are saying gold back currency is coming.
0:44
There's even reports that the Russians have officially
0:47
announced that it will be a gold backed currency.
0:51
Things are going to get very interesting for us in the world
0:54
of precious metals. Guys.
0:55
This big bricks meeting August 22nd.
0:59
Somewhere around there could be the day a a white swan event for
1:05
the gold price and the silver price.
1:07
Look, we may not get immediate. Response from the precious
1:11
metals. We know there's a concerted
1:12
effort possibly to tamp down the price to keep it under control,
1:17
but the general weather conditions look like we're
1:21
headed for a good storm in the price of silver and gold.
1:26
Have you ever heard of a NZ bank?
1:29
Come on. Right.
1:30
Yeah. You guys, we're we're a
1:31
sophisticated crowd. I'll be honest, I don't think
1:35
it's not a bank. That was on the top of my mind.
1:37
A NZ. That's the Australia, New
1:41
Zealand bank. They came out with a very, very
1:45
interesting tidbit about silver. Let me read this to you first.
1:49
Just so you know who we're dealing with, bear with me as I
1:52
pull up a brief description of a NZANZ bank.
2:02
OK? Why am I OK?
2:03
Here it is. No, bear with me.
2:09
A NZ bank here, I've got it, I've got it.
2:11
Don't leave. OKANZ Bank is the Australia and
2:16
New Zealand Banking Group Limited, Australia and New
2:19
Zealand. That explains the A NZ.
2:23
They're a massive bank. They're saying things very
2:26
positive about silver and we're going to get right to that.
2:29
It's an Australian multinational banking and financial services
2:32
company headquartered in Melbourne, Vic.
2:36
It is Australia's second largest bank by assets, OK.
2:41
The second largest bank in Australia.
2:44
Some of you might be joining me from Australia.
2:46
It's early morning right now here in the United States.
2:49
If you're from Australia, have you heard of A and Z Bank?
2:52
I imagine you have, it's probably like Bank of America.
2:56
Here in the United States or Citigroup or our favorite bank
2:59
that we all love so much, JP Morgan and our good friend Jamie
3:04
Dimon. You know what?
3:05
I need to get a box to put Jamie Dimon in.
3:08
Let me ask you. Let's ask Janet Yellen if that's
3:10
a good idea. No, let's ask Jerome Powell.
3:13
Jerome, is it a good idea we get a Jamie Dimon box?
3:16
Absolutely. All right, Jerome, time to cut
3:19
rates. Now back to ANZ Bank and what
3:22
they said about silver. Because there's a lot we can
3:25
read into this. There's a lot, there's a lot of
3:28
commentary we can have surrounding these comments.
3:31
They said an acceleration in the transition to renewable energy
3:36
is supporting metals not usually associated with renewables such
3:41
as silver. This isn't even the good part
3:43
guys. And silver and the silver market
3:46
may struggle to adjust. And when they say struggle to
3:50
adjust, that means price to the upside okay.
3:54
Economist at A and Z Bank report.
3:56
Let me give you a couple quotes from A and Z Bank.
3:58
Due to its high electrical conductivity and durability,
4:02
silver has become important in the solar industry with the
4:06
installation of solar capacity rapidly growing its role as an
4:12
industrial metal this year. This is key, guys, listen to
4:17
this, listen to this because we're gonna, we're going to talk
4:19
about this, this year. China.
4:22
Is expected to add nearly as much as the total installed
4:26
capacity in the US Let me back up and explain that.
4:31
That means that this year alone in China, they will be
4:34
installing more solar panels in just one year than exist in the
4:40
entire United States right now. And we give China a hard time
4:45
about their environmental stuff. It seems like maybe they're a
4:49
little more green, right? OK.
4:51
By 2025 we expect industrial demand for silver from solar to
4:57
make up 53%. Wait a minute, By 2025, fifty,
5:03
3% of total demand. This will place increasing
5:08
pressure on supplies. Before I forget, you know who
5:10
sent me this article? You know where this idea came
5:13
from, this great information. You know where it came from.
5:16
It came from you. It came from a guy named Keaton
5:19
who emailed me. 5:00 o'clock This morning I'm laying in bed
5:22
working and I get this e-mail from Keaton with this article.
5:26
Thank you Keaton. Thank you to all of you that
5:29
send me great information. My e-mail address is always in
5:32
the description of every video. Guys, China is installing more
5:37
solar panels this year. Then the United States has in
5:40
total existence in one year. Guys, think about this.
5:44
It's been reported that the next generation, the new generations
5:48
of solar panels are again now using more silver.
5:51
So think about this, we have more solar panels being
5:55
produced. They have silver in them.
5:58
So there's more silver because there's more solar panels, but
6:00
not only are there more solar panels, a double bonuses,
6:04
there's more silver in those more solar panels.
6:07
They're saying by 2025. I missed that the first time I
6:12
read it. There's a double, double, double
6:15
bonus for us. By 2025, industrial demand for
6:19
silver will make up 53% of the total demand.
6:24
That's huge. We could be in for some great
6:27
times and silver. But wait, our friends at the
6:31
Australia, New Zealand Bank now, when you're at the Country Club
6:34
tonight having dinner. You can start talking about a NZ
6:38
bank if you're in America and you're going to look like you're
6:40
smart and sophisticated, right? Or if you're at 711 getting a
6:44
Slurpee, like I'll probably be doing, you can talk to the guy
6:47
at the counter and say, you know, a NZ bank says that by
6:50
2025, silver demand will be going through the roof. 53% of
6:57
the silver produced every year will be going to solar.
7:00
Now let's get to the next point. I do like Slurpees.
7:04
Do you like Slurpees? My kids love Slurpees.
7:06
Slurpees are expensive growth and mine production.
7:12
This is what they say about the supply of silver.
7:15
Again, this is A and Z Bank, the most prestigious bank in
7:19
Australia and New Zealand. Growth in mine production is
7:23
largely beholden. I love that word, beholden to
7:26
other metal metals projects for which silver is a byproduct.
7:32
So what that means is most that's produced every year is a
7:35
byproduct. It doesn't come from mines.
7:38
It doesn't come from Hekla, doesn't come from Fortuna.
7:40
It doesn't really even come from from.
7:42
First Majestic, although First Majestic is an awesome silver
7:46
company nonetheless most of the silver, I think it's like 75 or
7:51
80% is a byproduct mostly of zinc mining and mostly mostly
7:56
from copper mining. And our friend Ross Beatty, the
7:59
godfather of precious metals, the Chairman of the Board of
8:02
Equinox Gold, another company that I happen to be very fond
8:05
of. And I have an interview on my
8:07
channel with Greg Smith, the CEO.
8:09
You might want to check that out nonetheless.
8:11
Ross Beatty. Who started like 8 super
8:13
successful mining companies over the years?
8:17
I've heard him say that now the new copper mines.
8:20
Remember, most silver comes from copper mining.
8:22
It's a byproduct, it's an afterthought.
8:24
But the new copper deposits are different.
8:26
A lot of them are much deeper. And guess what?
8:29
There's not as much silver with them.
8:31
And guess what? Mexico basically just outlawed
8:35
open pit mining. Mexico's making it extremely
8:38
difficult for silver miners to operate the.
8:41
The table is being set for a grand feast for silver old
8:47
Smitty the silver bear named by our friend Pat Holland.
8:50
Remember Pat Holland? I'm trying to get him back on
8:52
the show. He's a busy guy.
8:54
We love him $85 silver coin shop.
8:57
Chris, who's here working right now to make this all possible,
9:02
says take the blindfold off Smitty.
9:05
When we hit $85 silver, does it feel like we might be heading
9:08
that way? I mean.
9:11
This is unbelievable. OK.
9:16
It also it also says that above ground inventories of silver
9:22
remain plentiful. OK, we got to accept that that's
9:25
not good news, but have dropped sharply over the past couple of
9:30
years because we know from the Silver Institute that over the
9:34
last two years there's been a big deficit in silver.
9:37
There's been much more silver demanded.
9:40
Then has been supplied. Guys, I think this is great news
9:44
from A and Z. We got still got a lot more to
9:46
talk about it. What would happen if your silver
9:49
and gold got stolen? We're going to talk about that.
9:51
Do you keep silver and gold at your house?
9:53
What if somebody stole it? You know what if you had a party
9:57
at your house and there were thousands of people?
9:59
I know you're a big social and what if your silver or gold
10:02
disappeared? We're going to talk about that.
10:04
OK and. We're going to talk about the
10:06
difference between the spot price and the futures price.
10:09
We got a lot more to talk about. But before we do that, thank you
10:12
for being here. Please give this video a thumbs
10:16
up. Press that thumbs up when we get
10:18
to 100. I ring that bell 10 times.
10:20
I know it's a big special treat and please subscribe.
10:23
I'll put out a new piece of content every day for the rest
10:27
of my life. And you know.
10:30
Whoever lives longer, you could be friends with me forever, so
10:33
please subscribe to the channel. I also want to mention to you
10:36
there's a lot of scams out there that go on in the comments
10:40
section of YouTube videos, and I've been fortunate.
10:42
The channel has grown. I get a lot of views.
10:44
The scammers are all over our comments section.
10:47
They're very tricky. I will never, ever ever.
10:51
Ask you any way, shape or form to give me your credit card
10:55
number. There's a new scam they're
10:56
doing. They're new and creative.
10:58
They come up with new ways to scam people.
11:00
Never will I ask you for your credit card information.
11:03
Never will I ask you to contact me on WhatsApp.
11:06
Never will I ask you to click on some link that asks you.
11:09
You can click on my links, but the ones, if anything, ever ask
11:12
you for any personal information.
11:13
Avoid it. Really.
11:15
If you want to get in touch with me, my e-mail address is in the
11:18
description of every video. OK.
11:21
Thank you Coin Shop, Chris and thank you guys in the past for
11:24
all of your super chats. It goes a long way to help
11:28
support this channel. Susie and I are doing this as
11:30
our primary income source raising 2011 year old girls
11:33
which would become very expensive.
11:35
So thank you, thank you, thank you.
11:36
Never expected, always appreciated.
11:39
Let's head to the comments real quick and we got more to talk
11:42
about Zimbabwe news. Yeah.
11:44
Marshmas. The the if you're talking about
11:47
the Russian embassy, I believe in Zimbabwe came out with a
11:52
report that this new reserve currency will indeed be backed
11:58
by gold. OK, there's no, you know, Jim
12:01
Rickard said it the new reserve currency from the BRICS nations
12:04
backed by gold. We're getting reports that the
12:08
Russians are officially saying it will be backed by gold.
12:11
Thank you for bringing that up, Ron.
12:13
Forgot about the Alabama beaches.
12:15
Come to Corpus Christi best beaches.
12:17
OK, you know what? Maybe I'll look into that this
12:20
year. I go to Alabama most years,
12:23
somewhere in October, November. So Corpus Christi, low blood
12:27
pressure. Remind me of that again.
12:29
Snake bite. Hey buddy, good to see you.
12:32
Snake bite. August 22nd, 2023.
12:36
Bricks Announcer Gold Back Curtsy Marsh.
12:39
Man, you have girls too. Yes, I have twin girls.
12:44
I'm a Nigerian Prince giving away free silver.
12:47
Thomas Drellick. Yes, that's a very common
12:50
Nigerian Prince. Name.
12:52
Thomas. Send me an e-mail and I will
12:53
send you all of my banking account information so I can get
12:57
my share of that free silver. No, guys.
12:59
Never send your banking information.
13:01
Never send your credit card unless you absolutely are
13:04
comfortable. I will never ask you for either.
13:06
OK? If you want to help the channel,
13:08
super chats are great. And then I have a PayPal link, I
13:11
think in the description of all my videos.
13:14
But you know this is free, right?
13:16
I've been sponsored in the past. I have a sponsorship upcoming,
13:22
you know, anyway, but I'm never going to ask for that
13:24
information. Good morning, Matt.
13:25
Tindo. What's the girls?
13:27
The gold ratio. Oh, boy, that's a good one.
13:31
I don't know how to answer that. All right, guys, what would
13:37
happen if your silver and gold were stolen?
13:41
Maybe you stack silver. Maybe you stack gold.
13:43
What would happen if you went to look at your stack and poof, it
13:47
was gone? All your silver's gone.
13:50
Right. Right here. 10 ounce bar.
13:54
All right, let's say you got some of those.
13:56
I just have one, of course, but nonetheless, let's say you got a
13:59
big pile of them and they're gone.
14:02
Are you covered? What's your situation?
14:04
We've got a great subscriber from New York.
14:07
He's been in the insurance business for 50 years.
14:09
His name's Mike. He sent me a great e-mail last
14:13
night. I'm not going to read it line by
14:15
line because he's doing a little more research, but there's a
14:18
couple key things we can talk about in in terms of if your
14:22
silver and gold were to be able to disappear, be stolen.
14:26
Number one, you might have a little bit of coverage under a
14:29
homeowners or renters policy if you have that, but it's not
14:34
going to be significant, right? It could be $500, it could be
14:37
1000, it could be 2000, but likely it's not going to be very
14:41
much. You might be able to add like a
14:43
rider on to your homeowners policy.
14:46
And again, guys, I'm not giving financial advice, just what I'm
14:49
learning, just what I'm passing along.
14:51
You can do some research on your own as well, but you may.
14:54
Be able to put some type of rider on your homeowners policy
14:57
to increase the amount. But then it gets tricky because
15:02
there's different insurance policies available based upon
15:07
whether you have a coin collection, like a numismatic
15:10
type collection right? Coins that are valued for their
15:13
silver and gold content, but on top of that because they're
15:16
considered rare and people will pay a big premium, right?
15:20
Like an ultra rare. American Silver Eagle or an
15:23
ultra rare gold whatever. Buffalo from you know whatever
15:28
you know are no ultra rare Morgan that's worth more than
15:31
just the silver content. There's different.
15:33
Hey, thank you Neil for the Super chat I'm Lucky Neil and
15:38
thank you for your help on the channel Neil.
15:40
I appreciate that. That is awesome.
15:43
So when you're looking at insurance, there's difference
15:46
between ensuring bullion and ensuring.
15:49
Numismatic A collection. OK, there are, and again I'm not
15:53
an expert. I'm trying to relay what what
15:55
this great gentleman Mike said to me and if I screw anything
15:59
up, I apologize. But it's a little seems to be a
16:02
little easier to get insurance on a coin collection.
16:05
A numismatic collection, OK. But then there's a bunch of
16:08
hoops you got to jump through to insure it like you know, have it
16:12
appraised and and do that type of thing all right.
16:15
If you just want to insure a bunch of these bullion.
16:19
Let's say you got a bunch of these sitting around your house.
16:22
It becomes even more difficult. There's appears to not be as
16:26
many options available and there's limits.
16:30
And I think he mentioned like $100,000 you probably you
16:34
probably have a couple 100,000 or 500,000 of silver at your
16:38
house. But nonetheless it becomes a
16:41
little trickier and it appears from what I read and what I
16:45
learned from Mike and what I looked up online that there's.
16:48
Even fewer options available in that regard.
16:50
He did mention a company called Shore.
16:53
SURE, he wasn't sure, pardon the pun, and didn't want to give,
17:00
like a lot of details, but that's one you can possibly
17:02
check out that might offer insurance policies on physical
17:06
metal. Because think about silver and
17:08
gold, right? And then they could become much
17:10
more valuable, right? Aren't we kind of hoping for
17:13
that guys? And and.
17:18
You know, if it were to disappear on you, that would be
17:21
devastating. You know, silver and gold have
17:25
all these wonderful qualities. There's no counterparty risk.
17:28
And one of the articles I read brought up a great point, Like
17:30
the only real risk associated with silver and gold is it being
17:35
confiscated or stolen. And we know, right?
17:39
I mean, because you own it, you hold it when you when you hold a
17:42
10 ounce silver bar in your dirty little paws.
17:47
You got it. It's yours.
17:48
You're not relying on a bank. You're not relying on anybody
17:52
else to provide you with that value.
17:55
You hold it. And man, it feels good, right?
17:58
I mean, we love our silver and our gold for that matter.
18:02
But the risk is the one risk is that it disappears.
18:06
And think about what happens when there's big wars.
18:09
I don't say war. Susie gets.
18:11
And also I got to talk to you about the red shirt.
18:13
Don't remind me at the end. I got a big controversy here in
18:16
the house about the red shirt. But nonetheless, when there's
18:19
wars because Susie says I can't say Hey, thank you, Coin shop,
18:23
Chris. You guys, man, so nice when
18:27
there's war. Not war, war.
18:29
What's the first thing they do? They take the gold, right, The
18:32
conquering country. I wonder why that is.
18:35
I wonder why. And that goes on even to today.
18:39
I mean, why are central banks buying all this gold?
18:42
Why do conquering countries come in and take the gold?
18:47
Hmm. Interesting.
18:49
Oh, it's just a barbaric relic, of course, right?
18:52
Gold and silver. I mean, come on.
18:55
Oh yeah, silver's only been the most common form of money for
18:58
like 5000 years, but nonetheless, we digress.
19:02
So, guys. I hope you never faced that
19:06
situation. I hope I never faced that
19:08
situation where thank you for the Super chat, Super Chat Coin
19:13
Shop Chris absolutely not expected from you of all people.
19:18
Guys please tell Coin shop Chris thank you for his help on the
19:21
channel. This really wouldn't be possible
19:24
without his help. Neil as well helping out, you
19:29
know it's awesome and good people, man.
19:31
You guys are good people. That's what energizes me to come
19:35
down here and do this right to get together with you.
19:38
There's 250 of us on an early Saturday morning.
19:42
How cool is that? And remember.
19:44
We are just a sliver of a sliver of the population, especially in
19:48
the United States. We need to stick together.
19:51
You are part of a group on my channel, on other channels you
19:55
watch, you are part of. We're a little subgroup of the
19:59
silver and gold community. Check out the Silver Digin Club
20:02
sometime on Reddit, guys. I'm telling you, they're doing a
20:05
great, great job over there as well.
20:08
Let's move on. I got another e-mail.
20:11
Hold on here. This one from our friend Scott D
20:15
I'll never say your full last name online unless you want me
20:18
to anyway, Scott D said. Dear Ron, I watch it.
20:23
Enjoy your YouTube channel. It's very informative.
20:27
I apologize for torturing you sometimes.
20:29
Scott DI have a question to ask you.
20:31
I've noticed that the spot price of both silver This is a common
20:35
question a lot of you have. The spot price of both silver
20:39
and gold varies on a different. Precious on different precious
20:43
metals dealers websites at the same time and date every day.
20:48
For instance, today 2:00 PM the Spot gold and silver on SD
20:52
bullion site was 1935 and 2331. For silver on monument metals it
20:58
was different. Instead of 1935 for gold it was
21:01
1927 and instead of 2331 for silver it was 2316.
21:08
At Max was even more 1939 for gold and 2340 for silver.
21:13
What gives? I've noticed that this since I
21:16
started purchasing these metals from different online dealers.
21:19
I would appreciate knowing why the difference, and if you could
21:22
enlighten me, well, you're in the right place for
21:25
enlightenment. I can't tell you how many people
21:28
have contacted me saying that I've enlightened them A little
21:31
bit of light, maybe it's all these light bulbs, but we'll do
21:34
our best. I want to explain this to you.
21:38
What's why you see different prices for silver and gold?
21:42
There's two things, Two things, #1 The easiest answer to that
21:46
question is some sites use the Spot gold, silver price, OK,
21:52
that's the immediate price for silver and gold.
21:55
If you want to buy it right now, it's the spot price.
21:58
Correct me if I'm wrong on this, guys.
22:00
I'm not. You know, we're all, all of us
22:03
learning together, but that's the spot I go to kitco.com.
22:07
That's where I get the spot price of silver and gold.
22:11
A lot of sites, for instance, Yahoo Finance, if you go there
22:15
and on the top bar, they always still have silver and gold up
22:18
there, which I find very interesting right along with the
22:21
S&P 500 and everything else. But remember, it's just those
22:24
silver and gold are just barbarous relics, right?
22:27
But for some reason Yahoo Finance has them up there.
22:30
Yahoo Finance. The price is always different
22:34
from Kitco and I'm like, huh, interesting.
22:36
And there's an easy answer as to why that's the case.
22:40
Kitco uses the spot price. Yahoo Finance and another number
22:44
of other sites they use the futures price they use.
22:48
I think it's what's called the current month.
22:50
The most current futures contract price and futures are
22:54
contracts to buy silver at a set price on a set day.
22:59
I don't know all the details right now, but what are we,
23:01
June, July 8th? So maybe there's a futures
23:04
contract that expires later in July.
23:07
I don't know the specific dates. Maybe it's not until the early
23:10
August. It's likely going to be
23:12
somewhere within 30 days and that price is always going to be
23:17
higher, okay. If it's not, if it's lower
23:21
technically you want to use a big technical term.
23:23
I believe that's called backwardation and that does
23:26
happen from time to times where the.
23:28
For the spot price is actually higher than the futures price.
23:31
But usually you're going to see a difference between the spot
23:35
price, like on Kitco the immediate price and the futures
23:38
price. With gold, it usually seems to
23:41
be somewhere between $5 and $10.00 an ounce.
23:45
With silver it can be like $0.10 to $0.20.
23:48
So that's why that's the case number two when you go to
23:52
different I'm not accusing anybody of anything.
23:56
But I think a lot of the online bullion retailers, they want to
23:59
use the highest spot price within reason without, without
24:05
drawing your attention as they can, because the higher the spot
24:09
prices, the higher they can or the higher, I'm sorry, the price
24:13
of gold and silver, that's not the spot price usually that's
24:15
the futures price, some sort or something.
24:18
But the higher that prices that they can say gold is, let's say
24:22
the spot price is. 1900 even, but the futures price is 1915.
24:29
Well, they can base their pricing on their website off.
24:32
They'd rather base it off the 1915 than the 1900.
24:37
Does that make sense? I'm not accusing anybody of
24:39
anything. What I'm saying is if you're
24:42
buying gold and silver, right, let's say you're buying this
24:45
bar. It's a CMCMT metals bar.
24:49
If I was going to and it's .99999999999999999% pure.
24:58
If I was going to buy another one of those, I would do a
25:01
Google search. I would search on eBay.
25:03
I would look everywhere to find the best reputable seller.
25:09
That has that exact bar and I the best price amongst all
25:13
those, because you are never going to find one website that
25:16
always has the best prices, right?
25:18
But you want to be careful as well, right?
25:21
There's there's a caveat to that because you want to make sure
25:24
that whether you're buying American Silver Eagle or
25:27
Australian Kangaroos are cuckoo burros like our friend coin shop
25:31
Chris likes. I think if I remember correctly,
25:34
he likes the Kookaburro. Kookaburro.
25:37
Yeah. Anyway.
25:38
Compare because one site might be better on 10 ounce bars,
25:42
another one might be better on Kangaroos or kookaburros or
25:45
whatever, right? You know what I'm saying?
25:47
Get my drift? So that's why we have different
25:50
spot prices. Hey Thomas, wow, what a cool
25:55
gift. Super chat from Thomas Drelek.
25:57
Ron, thank you for all the videos and live streams you and
26:00
informative information you provide the community Silver
26:03
under 30 is a number brainer for silver purchases.
26:06
By gold, precious metals and direct from the Majestic.
26:10
From First Majestic. Yeah, you know you can buy
26:14
silver from First Majestic. Keith Newmeyer, right?
26:17
He's the CEO, right. The Crown Prince of silver.
26:22
You know Russ Beatty's the Grand poo BA, but, but, but Keith
26:28
Newmeyer. Keith Newmeyer's The Grand
26:31
Prince, First Majestic. They have their own store.
26:34
You can buy silver directly. And Keith, let me talk about
26:37
Keith Newmeyer for a second because I got a ton of respect
26:40
for the guy. I know this company's been
26:42
struggling. Thank you, Thomas.
26:45
Thank you. But I will tell you Keith
26:48
Newmeyer, he is on our side. He is totally a silver and gold
26:54
guy. He's also the chairman of first
26:56
mining gold, which is another reason why I love first mining
26:59
gold and Dan Wilton, what he's doing over there, but.
27:03
But Keith Newmeyer is on our side, guys.
27:05
He's made public statements, correct me if I'm wrong, Keith
27:09
and I've talked with Keith one time and I'm going to talk with
27:11
Keith again because he's cool and he's smart and he's driven
27:15
and he believes in silver. He's even said like we need to
27:18
like get some type of organization of silver miners,
27:23
excuse me, to help to help control the price.
27:27
I mean, even the Chinese are saying that there was a couple
27:30
Chinese state. News reports where these silver
27:33
guys are saying we need like an OPEC for silver.
27:37
So I mean look at what I just read you from ANZ Bank.
27:40
Those of you who just joined me, go back and watch the replay of
27:43
this because ANZ Bank, Australia, New Zealand Bank,
27:46
they pointed out unbelievable information about silver demand
27:50
coming down the road. You know, I mean, so yeah, keep
27:56
new Meyer triple digit silver one.
27:58
Hey, we got 100 thumbs up. I'm gonna ring the bell 10
28:01
times. That's one time for each thumb
28:03
up. That's called ringflation
28:05
123456789. This last one's for you, 10.
28:15
All right, guys. What about the red shirt?
28:19
Let me ask you real quick, does this red shirt bug you?
28:23
I wear it every video. It's like who I am.
28:25
It's part of me. There's someone who's very
28:27
significant in my life, who I love dearly, who likes is
28:32
involved with the channel. And oftentimes she says, will
28:35
you stop wearing that red shirt? Will you shake it up a little
28:38
bit? I tell you what, let's do a
28:39
quick poll, if you don't mind, Would really help.
28:42
If you think I should keep the red shirt, type one.
28:45
If you think I should dump it, take two.
28:48
Two type 2. Dump.
28:50
Two keep the red shirt. One, I get A1.
28:54
James is jealous of my red shirt 11 Red.
28:57
No. Why do I know?
28:58
Come on dude. One.
29:00
I like the color 11. James Smith 10.
29:03
Boy, now I appreciate. Susie's just trying to be
29:05
helpful. I'm not mad at her.
29:07
I'm saying I can be short tempered sometimes. 11111.
29:12
How about a blue shirt? Yeah, every once in a while I'll
29:15
wear a different shirt. Rick Rule says triple digit
29:17
silver. Hey, Marsh Mans, we love Rick
29:21
Rule. He's another guru, Rick Rule.
29:24
And we got to remember. Thank you guys for voting.
29:26
We got to remember here. Not wrong book.
29:30
Darn it. Well, anyway, this is a good
29:32
book to 925 silver if you guys are ever interested.
29:37
But anyway, Stuart Englert wrote a book about the manipulation of
29:41
the silver price. This guy's smart and he's going
29:44
to be back on my show. We love you, Stuart Englert.
29:47
OK. He talking about the
29:49
manipulation of silver. Excuse me?
29:51
I'm sorry. When.
29:52
I'm sorry about that. When is the silver market gonna
29:55
break? And he laughed and he said, he
29:58
said it's gonna break. He said.
30:00
But we've been waiting for it for 15 years.
30:04
Rick Rule has a great saying, right?
30:08
Like I made-up Unicorn fart dust.
30:10
I think. I'm pretty sure I made-up
30:12
Unicorn fart dust. I may have heard it somewhere
30:14
else. If you think you made it up, let
30:15
me know nonetheless. Rick Rule has a great saying
30:19
about what's going on in the in the silver market, the gold
30:22
market, precious metals in general, he says.
30:26
Don't confuse that which is oh shoot, I'm forgetting what he
30:31
says. Don't forget that which is
30:35
imminent with where that which is.
30:38
But basically what he says. Man, my my brain's not working.
30:41
Don't confuse something. That is bound to happen with the
30:46
fact that it's going to happen right away right like you know
30:49
it's going to happen the conditions are in place.
30:52
But don't think that just because that's the case that
30:55
it's got to happen next week or it's got to happen next month.
30:57
I know we've had to be patient guys those of us somebody if
31:01
somebody has that saying please put it in the I feel like a big
31:04
dum dum I need to write those things down before I get on
31:07
here. But don't confuse that which is
31:09
imminent with that which is something Rick rule with all his
31:13
wealth. Yes, that's true, Frank.
31:16
That's true. Blue is the new red.
31:18
Hey, Neil. Oh, come on.
31:22
Somebody come up with that. Rick.
31:23
Rick rules. Oh, I didn't know that, Neil.
31:27
That's interesting. Rick Rule is ignorant.
31:30
I've been getting a lot of questions about Platinum.
31:32
A lot of interest in Platinum. Guys, let me ask you, let's do
31:36
this. Let's do this.
31:39
Do you own Platinum? If you do, yes.
31:44
Type one if you don't know type 2.
31:48
Do you own Platinum Coin Shop? Chris, am I forgetting anything?
31:52
We talked about the scams, right?
31:55
Coin shop. Chris and I are going to be
31:56
making a video later today. So no.
32:00
Is 2. Right?
32:01
No, no, no. Philip Martinez?
32:03
No. No.
32:04
Joe Fulland? No, no, no.
32:05
Doug Flinch. So a lot of news about seems
32:08
like maybe 40%. Ebert Beeman says, Ron, you're
32:15
not a dumb dumb. Michelle Obama has his moments
32:18
too. Can somebody please, please tell
32:23
me what that Rick Roll saying is?
32:24
Don't confuse that which is inevitable.
32:28
Oh, that's it. Don't confuse that which is
32:32
inevitable with that which is eminent.
32:35
Thank God the old brain still is working.
32:38
I'm 53 years old, you know. I have a hard enough time
32:42
putting on lace on shoes, more or less remembering things.
32:45
Oh yes, oh shoot, what was her name?
32:48
I had got a great super chat yesterday from and it was in
32:52
DKK, which I think is Danish kroners.
32:55
Oh man, I had it written down. Hold on a second.
32:57
And I forgot to say thank you. Here it is.
33:01
And I put a community post. Kirsten Iverson, 169 DKK's.
33:07
Which was very generous. Kirsten, thank you.
33:09
You're probably sleeping right now.
33:11
But if you're watching this later, thank you.
33:13
Thank you. Coin chop, Chris.
33:14
For reminding that Frank de Silvio, 53 years young Philip
33:18
Martinez. I'm a young whippersnapper.
33:21
You got that right. Oh, I got big news, right.
33:25
Huh. Huh.
33:26
I'll give you 2 more rings since we're at 1:25.
33:30
I maybe I'll give you one more when we get to 130, but we got a
33:33
great guy here in St. Louis.
33:36
I'm going to call him Cowbell Joe.
33:38
He's a regular watcher of the channel.
33:41
He actually works sometime. I have a big water plant by my
33:44
house. It's fascinating.
33:45
It was built like in the 20s. It's massive.
33:48
It's down by the river. I live right by the Missouri
33:50
River, by the way, where everybody went West on the
33:52
riverboats. Anyway, there's a big water
33:54
plant. He works there.
33:56
He got a cowbell for me. So the new deal is going to be
33:59
when we get to 200 thumbs up during the live streams.
34:02
We're done ringing this little bell.
34:04
That was my fatherinlaw's. God rest his soul he was a
34:07
wonderful wonderful man and we're going to ring the cowbell
34:11
that's the that's the big big big big big deal.
34:17
So this bricks what do you guys think massive massive bricks
34:21
meeting coming up in August. All we're hearing is gold backed
34:27
currency. We got reports from Russia the
34:30
the Russia. Media Russia Times saying that
34:34
they're announcing basically this new currency will be gold
34:38
back. Now I read a report I don't want
34:41
to be We got to look at both sides of the coin.
34:43
I read a report that said that might not be like immediately
34:47
good for gold and silver. What do you think?
34:50
What do you think about this new bricks gold backed currency?
34:54
I've got something interesting I want to talk about in regards to
34:58
it. That I don't think anybody talks
35:00
about. It's it's a it's and it's good
35:04
for the precious metals, but nobody talks about this.
35:07
And it's not that complicated. But to me it makes sense.
35:14
What do you think about bricks? Tired of the bricks.
35:16
Yeah. Well, it's the big story, right?
35:19
It's coming up here in six weeks.
35:22
But yes, I agree it is. The dollar is dead.
35:25
The dollar is dead. Hello gold, silver, Good to see
35:28
you. Hello Steven.
35:29
A lot of crappier currencies getting together.
35:31
That's a good point Steven. Good point.
35:34
Jerome Powell says overtime Ron Bricks controls most of the
35:39
platinum mines. Neil that he got, the platinum
35:42
guru says and have used platinum as money.
35:45
Good point. And the platinum eagle is it
35:48
called. Neil interestingly has a $100
35:52
face value. Jeff, I'm new to silver
35:54
stacking. Been at it for three months with
35:56
my 16 year old son and a local coin shop yesterday and was
35:59
talked to like an idiot for stacking silver in front of my
36:03
son. I don't know, I'd go to a
36:05
different coin shop, Jeff, because most of them are very,
36:08
very positive on silver. Maybe they didn't have a lot of
36:11
silver to sell you right, but to think that a local coin shop
36:16
would talk negatively about silver, How dare they?
36:22
You know, maybe, like I said, maybe they don't have a lot of,
36:25
they didn't have a lot of silver.
36:27
So they were trying to get you to buy platinum or gold or
36:29
something like that, which is not bad.
36:32
But I don't know, that's very interesting.
36:35
They found a way around SWIFT. Yeah, the SWIFT guys.
36:38
The SWIFT system is the interbank system used by the
36:43
West, dominated by the United States and now.
36:46
They're developing their own systems.
36:47
Iran has a system that they're backing that a lot of the
36:50
Eastern and the BRICS countries are using.
36:53
Russia was kicked out of Swift. They're they're surviving
36:56
without us. Right.
36:57
With the bricks. The bricks will cut the head off
37:00
the snake. Yeah.
37:02
Hey, Andrew just got his first platinum congratulation, never
37:06
returned to that local coin shop, Lane says.
37:08
Yeah, I would kind of feel that way as well, Thomas.
37:11
I believe it when it happens, yeah.
37:13
There's people that are saying it's not going to be this big
37:16
immediate windfall for the gold and silver price.
37:20
I can see that argument, right? I would say at minimum right the
37:25
worst case scenario, it's going to be very supportive for the
37:29
gold price and silver price unless unless some powerful
37:32
countries that don't like silver and gold try even further to
37:38
manipulate the price down. But here's here's what I want to
37:41
talk to you about. Here's what I think is super
37:44
interesting on a big picture. Let's zoom out, let's open our
37:48
minds and let's think about the gold standard in the silver
37:52
standard right the world over the over the millennia has been
37:56
on the gold, silver and silver and gold of gold and silver
37:58
standard. Easy for me to say it has.
38:01
We know that it's the base of all real money, gold and silver
38:05
at the bottom of John Extra's pyramid.
38:07
John Extra was a United States Federal Reserve governor.
38:11
He didn't die that long. Go.
38:13
He wrote extensively about how gold and silver are the base of
38:16
everything. Zoom out.
38:18
Make believe you're on a satellite, or you're on that
38:21
Richard Branson space plane. Whatever.
38:23
You're orbiting Earth, you can see Earth altogether.
38:26
Guys, when you look at Earth, all right, are you looking at
38:29
Earth? Can you visualize?
38:32
There's only there's a finite there's a limited amount of gold
38:35
and silver on the planet. We've already covered why silver
38:39
and gold are the ideal forms of money and currency.
38:43
There's only so much of that on the planet.
38:45
There's an unlimited amount of paper and electronic money.
38:49
You can make more bitcoins, you can do whatever you know.
38:52
You can grow trees into Infinity.
38:54
Now they don't even need paper, they just make it
38:56
electronically. There's a limited amount of gold
39:00
and silver. Here's where it gets interesting
39:02
with this bricks development if these bricks countries are
39:06
successful. In in making gaining traction
39:10
with this gold backed currency in the world.
39:13
I mean like we know it's a it's the biggest percentage of the
39:17
world's economy it's by far population wise and they're
39:21
growing economies and their middle classes are growing the
39:24
exact opposite of what's going on in the United States right.
39:28
It's so if they start to gain traction with this in the world
39:32
starts to use gold the United States.
39:36
De facto could be kind of forced into a if we want to trade with
39:41
them, they're trading in gold back currency, we're going to be
39:44
kind of forced into a precious metals backed currency
39:48
environment. Does that make sense?
39:50
Right. I mean, to me that makes sense.
39:52
I know it's a little heady, but if everybody else is saying,
39:55
hey, this is what is value and then, you know, the 40% of the
40:00
world economy says, Oh no, no, no, no, no paper money and.
40:05
Built, built on confidence in these fine politicians we have
40:10
in Washington. That's what's valuable.
40:13
Paper money. Electronic money.
40:16
CBDC is valuable. Make believe.
40:21
What do we like to call it, guys?
40:23
We like to call it Unicorn fart dust because gold and silver are
40:27
the only forms of real money. Really, Really think about it.
40:30
Remember, you're out in outer space looking down at Earth.
40:34
Right. There's only so much gold and
40:35
silver. All that other stuff it that you
40:38
can't even see it. It doesn't really see a bunch of
40:40
trees. You know, they're everywhere.
40:42
See a bunch of water, right? You might as well make water
40:45
money, right? No.
40:47
There's only so much gold and silver.
40:48
Everything else, indeed, is just Unicorn fart dust.
40:54
I won't say it again on this live stream, my friends.
40:56
I will not say it again. Gold going to $20,000 per oz.
41:02
Marsh Man's you are on A roll. I appreciate you putting things
41:05
in all caps That way I know you got something that you want me
41:08
to talk about. Thompson.
41:09
Coin and stamp collecting. Hello, Thompson.
41:13
Nice to meet you, my friend. Welcome to Ron's basement.
41:16
We are like the summer camp. Your mommy and daddy just sent
41:20
you off the summer camp, right? Hey, we're all kids at heart.
41:23
We're like the summer camp for Silver and gold investors.
41:26
Or the Mr. Rogers neighborhood, whichever you prefer.
41:29
But it's summer, so we went off to summer camp.
41:31
We're all sitting around the fire.
41:32
What do we want to talk about? We want to talk about silver and
41:35
gold. Coin Shop Chris, you're still
41:38
here. Good to see you, my friend.
41:41
As always, Coin shop, Chris. Hello, Neil.
41:44
In March 2008, Platinum was 2270.
41:48
Wow, Gold was 1000. Now it's inverse, right?
41:53
Platinum's what, 9 something? 950 and gold is twice as high.
41:58
Very interesting. I'd say that I'm going to go buy
42:02
a platinum coin, but I've said that in the past and you know
42:04
what? I need to be a man of my word.
42:06
I'm not going to spray paint my hair red again anytime soon.
42:10
Kind of like fried my hair. Here I sit and camp in Ron's
42:14
basement. Original intent.
42:15
You got that right. Gold back is here as well, but
42:18
it's a collectible. No one uses it.
42:20
Interesting. Very interesting.
42:24
Any thoughts of when premiums go down, I'll, I'll let coin shop,
42:30
Chris chime in on that. But premiums on silver, I don't
42:34
see him going down. I don't not back to where they
42:37
were, not back to you know four years ago, five years ago.
42:41
I think the big picture for silver and gold, the premiums
42:46
aren't quite as high on a percentage basis on gold, but
42:49
the the premiums. To me, aren't going anywhere.
42:54
You know, they might drop a little bit, but I think we're
42:56
now in a permanent environment. And what is the real price of
42:59
silver, right? What is the real price of
43:02
silver? It's the spot price is $23,
43:05
right? But what's the real price of
43:08
silver? What does it really cost you?
43:09
I think if you're lucky, you might get a 10 ounce bar at 25
43:14
bucks an ounce right now. Beware breakable silver for
43:21
barter. Yeah, that's one of the key
43:22
attributes of silver. You can divide it right?
43:25
If I needed to, I can cut this in the smaller pieces.
43:29
I hope I never have to do that, but if I have to, I will, right?
43:33
You know, here's a beautiful one ounce bar.
43:36
We can we can chop these things up.
43:38
I could cut that into four pieces and have quarter ounce of
43:41
silver, right? Go buy a go buy a couple days
43:44
worth of food if I had to, right.
43:47
I mean, if we had to, I'm not saying I think we're going to
43:49
get to that point and and and I don't think we have to get to
43:52
that point, guys, for us to realize the true value that we
43:57
have in silver and gold and platinum for our friend Neil.
44:02
We can't forget about platinum. Melt it, don't cut it.
44:05
Yeah, you know what? That'll be one of my goals
44:09
before the end of the year. I'm going to do that for you
44:12
guys. I'm going to learn how to melt
44:13
silver. There I go, opening my big mouth
44:16
like when I said I'd paint my head red if Golden gets 2200.
44:19
But I'm going to learn how to melt silver down.
44:21
What the heck, I'll bring you on that little journey with me if
44:24
you're interested. It should be interesting.
44:28
No, James, I've never played a game of ping pong for an ounce
44:31
of silver. No, When I was younger and I
44:35
drank a lot, I had this neighbor named Butch, and Butch was good
44:39
at everything. Horseshoes.
44:41
Ping pong. He was just one of those guys.
44:44
He was good at everything. He worked at a Cadillac
44:46
dealership. He was cool and I used I
44:48
honestly, I used to really party a lot anyway.
44:50
I played Butch one night when I had drank a little too much.
44:54
I was probably in my mid 20s and I owned my house and I bet him
44:57
my house and he won and he's and it was just a joke.
45:03
Better be careful what I'm saying here.
45:04
I'm going to get a letter from a lawyer.
45:05
It was just a joke. But he always joked around with
45:08
me afterwards saying you still owe me that house, you know.
45:13
Daniel's going to get his own furnace and mount.
45:15
Has anyone here ever melted, melted down silver?
45:19
If you have, say yes. I'd be curious if you ever in
45:23
what temperature? I've looked it up before.
45:26
I think it's 1700 degrees. Yeah, Blaine, I know I learned
45:31
my lesson. I never bet against Butch again.
45:34
Blow dog. Yes, Ron's Bay.
45:40
Man, you guys, never. You never seemed to cease to
45:43
amaze me. I must have never seemed to
45:45
amaze me. You usually never seem to amaze
45:47
me, but never cease to amaze me. Joe Fowler.
45:50
This is funny, guys. He said if I meltdown silver,
45:53
then I could be Ron's base meant MINT.
45:58
Ron's base meant man, That's my new business.
46:00
Ron's base meant probably blow myself up.
46:05
Hello, Daniel. Yes, Thomas Toobs has.
46:09
All right. Yes, I'll pay.
46:10
I'll pay you for an ounce of silver.
46:12
I don't think there's a lot of profit in it selling silver, but
46:16
y'all keep that in mind. Dean Brown Dog.
46:20
Mark Carroll. Haha.
46:21
Party in 2023 because silver's going to $999 per oz.
46:28
Do you think that's possible? You know, I get a lot of heat.
46:31
Oh, I got to talk about this too.
46:33
I got two and this is this is this is great.
46:35
I get a lot of heat. Right.
46:37
If I if I make a thumbnail for a video, that's that little thing
46:40
you see before you click on it and I say $60.00 an ounce,
46:43
$70.00 an ounce. Sometimes I'll say $50.00 an
46:47
ounce, sometimes I'll say $14.00 an ounce.
46:49
Look guys, anything's possible, right?
46:52
We could get $16.00 over. Yes, we know it could happen
46:56
$160 over in the next 12 months. I think both of those are.
47:01
I'm not predicting either will happen, but definitely within
47:05
the realm of possibilities. I mean really at some point
47:11
silver, when the dollar with all the screwed up, you know how
47:15
screwed up America's finances are, right?
47:18
And if history's any indicator. Right.
47:21
All Fiat currencies fail. Well, what happens when the US
47:24
dollar fails? What happened in Venezuela when
47:27
their currency failed? What happened on the Wein Mar
47:29
Republic? What happened in a host of
47:31
African countries when their currency failed?
47:34
I'll tell you what happens, right?
47:36
Gold and silver. Ask people in Turkey right now,
47:40
right, Right, they're having hyperinflation or they had some
47:43
periods ask people in Nigeria, Zimbabwe, go and the currency
47:48
gold goes. I mean, sure, you know what?
47:51
I could make a thumbnail that says $60 million silver, because
47:56
at some point, look, I'm an American.
48:00
I'm full blooded. I don't love what's going on in
48:03
our country. I don't agree with 100%, but I I
48:05
still love my country, right? Or like it a lot.
48:09
Anyway, there's parts I don't like, but at some point, right?
48:12
And I. So I it wouldn't be good news
48:14
for me. The dollar will become.
48:18
Either worthless or worth less. And we could see these
48:21
astronomically high silver prices, platinum prices, gold
48:25
prices right through the roof. Numbers that we can't even
48:28
imagine. That would be when we might be
48:31
cutting this up. Okay this cool little silver
48:36
bar. Look at the back of it.
48:38
I think it says the coin shop corner.
48:40
My friend in California sent me that.
48:43
Into 10 pieces so I can go buy some food or some fuel to run
48:47
my, you know, whatever, right? Final thing we got to talk
48:51
about. I had some really, really nasty
48:54
comments. Okay.
48:56
Look, you guys are always awesome, but there's always a
49:00
couple people. And I had one guy, maybe it was
49:02
even an e-mail from Cleveland. And he said, you got to stop
49:08
promising people. They're going to get rich on
49:11
silver. You're you're misleading people.
49:13
You're leading them down the primrose path, telling them
49:15
they're going to get rich. Look, I don't have a crystal
49:18
ball. I'm not giving financial advice.
49:21
What I'm sharing with you is what I believe.
49:24
Right? And I've never said, hey, buy
49:26
silver, you're going to get rich.
49:28
No. Or have I?
49:31
Right. I will argue that silver's
49:33
undervalued right now. I will argue that because I
49:36
believe it and I put my money where my mouth is.
49:39
I think gold's undervalued, right?
49:41
I eat my own cooking. OK, But I'm not promising you
49:45
that you're going to get magnificently wealthy.
49:48
Is there a chance that could happen depending on how much
49:51
silver you have? Absolutely.
49:52
There's a chance, right? I'm not saying it's going to
49:55
happen, but there's certainly a chance.
49:57
I think at minimum. Whoa.
49:58
No, I kicked you. Sorry.
50:02
Oh, sorry. Hopefully you don't get motion
50:05
sickness from that. I, I, I, you know, at minimum
50:09
silver and gold are going to maintain their value.
50:12
They're going to help you maintain your wealth.
50:14
I think on the upside, yes, we could see a situation where the
50:19
relative value of silver and gold become to a point where
50:24
you're like, wow, I can buy a house, a nice house for. 1000
50:30
ounces of silver. I got to talk about houses as
50:33
well. I think there's a real estate
50:35
bubble. Okay.
50:36
I live in Saint Louis. I live in a middle, upper middle
50:38
class neighborhood. I'm not rich, right?
50:42
This is my basement. Okay.
50:44
There's two stories above it. I'm not in a mansion, but I'm
50:46
very grateful for what I have. There's a house in my
50:49
neighborhood that was really run down, a twostory house like
50:53
mine. Okay, a flipper bought it to
50:57
flip it, fix it up, whatever. And it looks like they did a
51:03
real good job while I was at the neighborhood swimming pool
51:05
talking to one of my friends that I like last night.
51:08
And he said, Oh my God, there's a realtor in our neighborhood
51:11
that all of us know. He's a nice guy.
51:13
He'd put a post on Facebook that the house sold for an amount
51:19
that blows my mind. OK, $670,000.
51:23
Now those of you that live on the East Coast or the West Coast
51:26
or parts of wherever, Florida. But guys, that's like several.
51:32
That's a lot more. I can't believe somebody's
51:34
paying that for that house. I'm sorry.
51:36
It it's great if it goes through.
51:39
I feel sorry for them, especially if they're taking out
51:42
a loan because woof, that might have just rung the bell for the
51:48
top of the real estate market. I was just absolutely shocked.
51:52
What do you see where you live? Do you see skyrocketing real
51:56
estate prices still? Does that make sense?
51:59
We've got mortgage rates twice as high, right?
52:03
None of it makes sense. I know nobody's moving now
52:06
because most people are trapped, right?
52:08
They, they, they're If you have a mortgage and you got into it
52:12
over the last 10 years, you probably have a 3% interest
52:15
rate. So you're trapped because if you
52:16
go to move, your new mortgage will have a 7% interest rate,
52:21
which means for the same amount of money that you're going to
52:24
borrow, you're going to pay twice as much.
52:27
Same thing with car loans. But what is going on in the real
52:30
estate market? The only thing I can think of is
52:33
so few people are moving. There's still such small supply.
52:37
I really feel sorry for the people that are buying right
52:41
now. I could be wrong.
52:43
Look, I'll give you a great example.
52:44
When I was wrong, when the pandemic hit, I had a young man
52:47
come to me and said. I was thinking about buying a
52:49
house, blah, blah, blah, and he wasn't really ready anyway.
52:51
And I said, look, man, I would wait and see what happens with
52:55
what's going on right now. And we all know what happened.
52:58
So maybe this real estate, maybe it just keeps going to the moon.
53:01
What do you see? North Shore Boston House is
53:03
selling for way more than they're worth, but sales are
53:06
down. Yeah, Frank, that's what it
53:08
seems like around here. No mortgage, no debt.
53:11
Yeah, I have no mortgage, no debt.
53:15
Right. And I can take risk, right?
53:17
That's just me. No debt.
53:19
Debt is bad guys, debt is bad. If you got a 3% mortgage on a
53:23
house, I would never think I'd be saying this, but that might
53:27
be okay. That's pretty good rate in in
53:31
this environment. They have borrowed money.
53:36
I'll move to Texas in 10 years, sold modest Utah home last year
53:40
for 400. In 35,000 bought a newer and
53:44
otherwise comparable home in Jefferson City which is the
53:47
capital of Missouri for the low two hundreds.
53:51
Yeah, you know that's the way to do it.
53:53
If you're living in an area where you have sky high real
53:57
estate prices and you want to move, I'd do it right now.
54:01
That's just the don't. I'm not giving advice.
54:03
I'm just telling you what I would do if I lived in an area
54:06
Boston. San Francisco or wherever where
54:10
there's sky high real estate prices right now and you want to
54:14
move somewhere and it's a it's a place that is come like you can
54:17
get the same size house for half the price.
54:19
Cash it out baby. I mean imagine if you had some
54:22
little shack in San Francisco that was worth $900,000
54:28
supposedly, right. You could come to St.
54:30
Louis. Let's say you're from St.
54:32
Louis you know and I apologize if you have to come to St.
54:35
Louis. Although it's not so bad here,
54:38
it's a nice place. But you had to come to St.
54:39
Louis. You could take that 900,000 and
54:42
buy a better house. I guarantee you a way.
54:46
Better house for four or 500,000 and you'd have 400 grand that
54:51
you could buy silver and gold with.
54:52
Wouldn't that be nice? But as we talked about earlier,
54:55
you'd have a hard time getting an insurance policy if you're
54:59
going to keep it all at your house.
55:04
What about cars? You know, I'm hearing from my
55:07
contacts in the car business, the auto market boop dropping,
55:12
right? Same thing.
55:14
Yeah, I'm getting calls. We were looking for a minivan a
55:16
while back and I'm getting calls from these dealerships that were
55:20
like, sorry, we don't have anything, It's going to be a six
55:22
month waiting list, blah, blah, blah.
55:24
Like, oh, we had somebody cancel.
55:26
Are you still interested in the Kia Carnival minivan?
55:29
I'm like, no. Not yet.
55:31
I'm waiting. I'll wait.
55:33
Thank you very much. I'd rather have silver.
55:37
How about you? Would you rather have silver or
55:39
would you rather have a new minivan?
55:42
Let me know. Jonathan Kirchner bought 50K of
55:48
gold and silver with part of the sale of his home.
55:51
Very cool Silver Chair stacker. I think any house over 250K is
55:56
stupid to buy. It's a box made of wooden stone.
56:00
Yeah. And for those of us in the
56:01
United States, generally, our construction here is like
56:04
crappy, considered can compared to like Europe and other places
56:09
in the world. Probably better than a lot of
56:11
places. But compared to Europe, from
56:12
what I understand, in particular, our houses are kind
56:14
of built not to last, not as long.
56:17
Lemonade is expensive in St. Louis.
56:20
Yes, we own a house and land in Texas, and it's tripled in
56:23
value. Congratulations.
56:26
Wow. That is awesome.
56:29
That's Shannon Boyd, our friend Shannon Boyd.
56:31
Dan, Dan, BA, BA, BA. Remote control and surveillance
56:35
devices. Ignition kill switches.
56:37
That's interesting. Marsh, Mass Dean are Neil's
56:42
living in a van down by the river.
56:44
No, he's not. I've joined.
56:45
I've joined Neil on live streams.
56:49
He's got a nice place and Neil's a nice guy.
56:51
So it's coin shop. Chris, Man, 350 people.
56:54
I just looked. Can we get the 200?
56:57
This will be a warm up. Remember, I'm getting a new
56:59
cowbell from our good friend Joe.
57:01
Right? Can we get the 200 thumbs up?
57:04
It would be great if we could, guys.
57:06
It would be great. Oh, Dean.
57:09
Dad. Dean.
57:10
We knew you were just joking. Jay Powell, Fart dust, 15 more
57:13
silver. New minivans depreciate.
57:15
Yeah, no joke. They cars depreciate.
57:19
We only need eight more thumbs up.
57:21
Come on, you can do it. You can find that little thumb
57:23
and click on it, my friends. All right.
57:26
Hollow point. Yeah.
57:29
Oh, brother. The hits keep coming, you know,
57:37
let me, let me, let me talk about this.
57:39
Right. We got 200-1234, 567-8910,
57:43
eleven 12/19/20. Thank you, guys.
57:48
Let's talk about this. About silver that I hadn't
57:51
thought about came from the book.
57:54
I'm reading. I've showed you guys a couple
57:55
times the great Silver Bowl. Silver is durable.
58:00
There's like things about. There's two things I've I hadn't
58:03
thought of in the last month or so.
58:05
Maybe you already knew these, but maybe not.
58:07
And if you didn't, maybe it'll add a little more to your silver
58:11
and gold arsenal. OK, #1 silver is durable.
58:15
It doesn't go bad. Right.
58:17
And we kind of know that, but we don't really appreciate that
58:20
Like as they were talking about, oh, the new bricks currency
58:22
could be back by wheat, barley and soybeans and oil and blah,
58:27
blah, blah. Well, you know, I mean, I guess
58:30
oil can be stored, but but eventually, especially like
58:33
wheat and stuff like that, it's consumed, it goes bad, Our
58:37
silver, our gold, it lasts, it's durable.
58:41
Totally durable. Again, we're on that satellite
58:44
looking down at earth. There's only so much silver and
58:47
gold. Hey, thank you for joining me
58:49
guys. You are the best.
58:50
I appreciate the Super chats. I appreciate you.
58:54
OK. Have a good weekend and I'll see
58:56
you soon.