Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨SHOCKING!🚨 BIG "Financial Times" SILVER & GOLD News 😀 -- (Japan, Germany, India & China)

Transcript

🚨SHOCKING!🚨 BIG "Financial Times" SILVER & GOLD News 😀 -- (Japan, Germany, India & China) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  You know silver and gold, they are worldwide markets.
• 0:05
  But what fascinating information.
• 0:08
  Do we discover when we look at? The world's biggest economies
• 0:13
  if. We take a look at the world's
• 0:15
  five largest economies and what's going on.
• 0:19
  In those economies with silver, with gold, with platinum right
• 0:23
  now. Do we discover some pretty cool
• 0:26
  information? Something that.
• 0:28
  Makes us feel. Very happy about the investment.
• 0:31
  Maybe you've already made I've already made into precious
• 0:35
  metals. I think you'll be real happy
• 0:38
  when we go through a. List of the world's five largest
• 0:42
  economies. In just a little bit, look at
• 0:45
  each one and discover what is going on there and what it means
• 0:50
  for the metals. Prices as we move into the end
• 0:53
  of the year and of course. Of course we got a big bonus
• 0:57
  kicker. I always try to.
• 0:59
  Deliver at the end of the video something that a lot of us have
• 1:03
  not thought. About that could mean
• 1:05
  unbelievable. Support the Final Afterburner
• 1:10
  Rocket. Booster for the silver price and
• 1:13
  the gold. Price Let's get started right
• 1:16
  now. How's Gold doing this morning?
• 1:18
  It was up. It's Friday morning.
• 1:19
  What? September 15th.
• 1:21
  We've had a little bit of movement.
• 1:23
  Let's just review really quickly, super quickly guys,
• 1:26
  because this is so critical about what went on this week.
• 1:30
  We got high inflation numbers. We got.
• 1:33
  Great. Retail sales, right?
• 1:35
  Can't you tell when you go to your local strip ball and half?
• 1:38
  The spots are empty, but nonetheless the government told
• 1:41
  us we had. Retail sales?
• 1:44
  Well, at least if you don't factor in inflation, they were
• 1:46
  great. Nonetheless, both of those data
• 1:49
  points. Should have clobbered the
• 1:51
  precious metals. Should have sent.
• 1:53
  We should be sitting here this morning crying.
• 1:56
  Right, right. Giving each other solace.
• 1:59
  Is that the right word? Don't worry, I got a new.
• 2:01
  Word for the week we're going to cover.
• 2:02
  Later, but nonetheless, maybe. We should be at $1700 gold right
• 2:08
  now. Maybe we should be at $19.00
• 2:10
  silver, but we're not. No, we're not.
• 2:15
  We're it 19151920 gold and almost 23.
• 2:21
  Dollar silver. Big change this week, guys.
• 2:25
  Change and paradigm inflation's running.
• 2:29
  Hot should have killed gold and silver.
• 2:31
  Retail sales are hot. Should have killed gold and
• 2:33
  silver. Because you know what?
• 2:35
  Everybody's waking up, that's not.
• 2:36
  What this video is about, But we need to recognize and drive home
• 2:42
  that important point that we can get much, much higher silver and
• 2:47
  gold prices in an environment where we have inflation and the
• 2:51
  federal. Reserve and our friend, right?
• 2:53
  We love him. He's so cute, isn't he?
• 2:55
  Old Jerome E. Powell He's very cute, but he's
• 2:59
  full. Of poop.
• 3:00
  I'm gonna use a nice word. And he's been neutered in terms
• 3:04
  of his. Ability to fight inflation.
• 3:06
  New paradigm, new world. Now let's get into this crazy
• 3:10
  information about the world. 'S five largest economies and
• 3:14
  when we when you. Take a step back with me and
• 3:17
  look. At the world's five largest
• 3:19
  economies and what they mean. For the precious metals, I think
• 3:22
  we we put some pieces together that are very, very encouraging
• 3:27
  for the. Precious metals prices.
• 3:29
  First, I want to say thank you to our sponsor Pin Becks.
• 3:32
  Pin Bex is best. They are an online bullion
• 3:35
  dealer if you're looking like. Everybody else in the world is
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  They have silver, they have gold.
• 3:50
  They have platinum. I've worked with them.
• 3:52
  They're a gracious sponsor and help make Ron's basement
• 3:55
  possible now. Do you know who the world's five
• 3:58
  largest economies are? Just so I don't screw it up, I'm
• 4:02
  going to go to my list and share that with you.
• 4:05
  And that's not the critical point.
• 4:07
  The critical point is we're going to think about each of
• 4:09
  these countries and talk about Real.
• 4:11
  Facts, real things going on right now in each of those
• 4:14
  countries and how they are. Let's say very good.
• 4:18
  You like? Very good.
• 4:20
  Yeah, I know you do. Very good, very supportive for
• 4:24
  the metals prices, OK. Do you know who?
• 4:27
  The world's largest economy is. Of course you do.
• 4:30
  It's the United States of America and you.
• 4:32
  Probably know the world's second largest economy.
• 4:35
  Yes, that would be our friends China.
• 4:37
  And they are gaining on us. We know.
• 4:39
  That as well? What about #3 that?
• 4:43
  Would be Japan and that's very important to remember.
• 4:48
  What about number? Who's the 4th largest economy in
• 4:51
  the world? Germany.
• 4:55
  Yeah, you're correct. And #5 is India.
• 4:58
  Now that list alone doesn't really mean a.
• 5:01
  But let's forget about #1 and move to #2.
• 5:05
  Let's talk about crazy things going on in China with gold
• 5:10
  right now and. This is new information in terms
• 5:13
  of what I'm presenting to. But guys, there is a massive
• 5:19
  disconnect going on right now between the Comex in the United
• 5:23
  States and the LBMA when it comes.
• 5:25
  To these metals prices and what they're selling for in China,
• 5:30
  China is setting a new. Price for precious metals.
• 5:34
  People are starting to get very excited about this.
• 5:37
  Let me read. I've got a couple interesting
• 5:41
  pieces I want to read to you and talk about.
• 5:43
  That's most what we really want to do.
• 5:46
  This comes from my friend in Holland, OK?
• 5:49
  And this comes from our friend from his friend Martin Verhian.
• 5:54
  Okay. Just to talk about what's going
• 5:56
  on in China right now with the metals prices.
• 5:59
  Martin says for an ounce of gold you currently pay 2020. $3 via
• 6:05
  the Shanghai Futures Exchange. That's the S.
• 6:09
  Fe for an ounce. Of silver $25.40 That is a
• 6:17
  premium. Of 6% for gold and 13% for
• 6:22
  silver. When compared to Western prices,
• 6:26
  OK, gold is now 6% more expensive.
• 6:29
  In China, silver is an astounding 13% higher.
• 6:36
  Unlike paper trading, this is this is critical in precious
• 6:40
  metals. Via the Comex and the LBMA, the
• 6:44
  Shanghai Futures Exchange is more focused on physical
• 6:48
  trading, physical metal. So what explains the huge
• 6:53
  premiums in China? He thinks that it has.
• 6:56
  To do with the fact that Saudi Arabia is starting to.
• 7:00
  Sell oil more in Chinese yuan and they then that those Chinese
• 7:06
  yuan can be converted directly. For gold, is oil being sold?
• 7:11
  Directly for gold. Is that what's behind all of
• 7:14
  this? We don't know.
• 7:16
  OK now, but what's fascinating to?
• 7:19
  Realize is that the Eastern markets are setting new prices
• 7:23
  for metals. I saw another person comment
• 7:27
  yesterday who's in? I believe it was Hong Kong, he
• 7:30
  said. When I used to go to the.
• 7:31
  Gold market to buy gold. It was always based on Comex and
• 7:35
  LBMA prices. Now it's based on the Shanghai.
• 7:40
  There's the SGE. You're going to want to remember
• 7:43
  this. OK, this is new and it was newer
• 7:46
  information to me, Sam. George Elephant, SGE that stands
• 7:51
  for the Shanghai Gold Exchange, I believe.
• 7:54
  Correct me if I'm wrong in the S Sam Frank, Elephant SFE Shanghai
• 8:01
  Futures Exchange. I think the Shanghai Gold
• 8:04
  Exchange is what trades during the day over there and that
• 8:08
  settles and physical metal and the Shanghai.
• 8:10
  Futures exchange is a futures market they have.
• 8:13
  I don't know a ton about it, but what we do know right now is
• 8:17
  that the metals are trading at significantly higher.
• 8:21
  What is that telling you? What is that telling me, Right,
• 8:25
  We and we know. What?
• 8:27
  What Moscow and Russia are doing, the Moscow World
• 8:31
  Standard, they're wanting to set up their own market.
• 8:34
  What do you think's going to happen when all these big
• 8:36
  markets and. Countries that already produce,
• 8:40
  excuse me, the lion's share. China's the world's largest
• 8:44
  producer of gold, Russia is #2. What do you think?
• 8:49
  What's going to happen is and Vince latchy.
• 8:53
  Talks about this as well is arbitrage.
• 8:55
  People are going to start and that's.
• 8:57
  That's what they're saying is happening right now.
• 9:00
  I mean if you. Can buy something in the West
• 9:04
  for a lower price. And then immediately sell it in
• 9:07
  the East. For a higher price, do you think
• 9:10
  you better believe it? People are going to be on that
• 9:12
  like flies on this, OK? That's the way it's going to.
• 9:19
  We could have a new pricing mechanism developing right now
• 9:23
  right in front of our very eyes. I know it feels.
• 9:25
  I know if you're like me, I'm 53.
• 9:28
  Years old. Everything's always been the way
• 9:30
  it's been, but the reality is guys, things.
• 9:33
  We got to accept this. We all say change is constant,
• 9:36
  Change is constant. Well, could change be happening
• 9:40
  right now, right? Before our very, very eyes,
• 9:45
  let's talk a little bit more. And then and then this is
• 9:48
  nothing. Okay, there's there's, there's I
• 9:50
  got two more double kickers for you because we got to talk about
• 9:52
  what's going on in Japan. With gold.
• 9:56
  Yes, you heard that right. There is craziness right now
• 9:59
  going on in Japan with gold. All right, guys.
• 10:04
  Hey, thank you. Tony Erickson, Annie Oakley Coin
• 10:07
  Shop Chris of. Course for Being Here Took a
• 10:09
  break from his Ding Dong eating habit to join us on the live
• 10:13
  stream. Thank you Coin Shop Chris and
• 10:15
  for everything you do and Coin Shop Chris and I will.
• 10:18
  Have a new video coming out this weekend.
• 10:20
  But let's just dive in a little bit more on the on the subject
• 10:25
  of China, OK? Here, here.
• 10:29
  Here's the guy. Eric Yuan.
• 10:32
  You can't see that. Anyway, I'll read.
• 10:35
  This to you, he says. So I finally pulled the trigger
• 10:37
  on the gold pendants that I'm ordering, custom made for my
• 10:41
  little niece and nephew, unfortunately.
• 10:45
  Physical gold price in Hong Kong is no longer following the Comex
• 10:49
  London price. I'm now paying the Shanghai Gold
• 10:53
  Exchange. That's the S.
• 10:55
  GE All right, basement dwellers, we we got to learn something.
• 10:59
  We got a new word for the week. We're going to talk about later,
• 11:01
  but we got to learn a new acronym, SGE Shanghai Gold
• 11:06
  Exchange. I'm now paying Shanghai Gold
• 11:11
  Exchange gold contract price plus premium guys.
• 11:17
  The world pricing mechanism for gold and silver is changing.
• 11:22
  Right before our very eyes, this one says here, the Shanghai
• 11:35
  Exchange. Is a physical market.
• 11:37
  That's another key thing. No paper contracts and more
• 11:41
  importantly, home of gold convertible to Petro Yon.
• 11:44
  Contract which is already trading Russian oil.
• 11:48
  Into which Saudi Arabia, Iran in the United?
• 11:51
  Arab Emirates are soon switching, remember?
• 11:55
  The bricks expansion, this is just so crazy, he says.
• 11:59
  With this kind of price differential, it won't be.
• 12:02
  Long before Western gold producers and Western physical
• 12:05
  inventories drain over to Shanghai.
• 12:09
  As gold returns to the monetary system, we said it before.
• 12:14
  I don't know. Do you think I'm?
• 12:16
  I I like the the West could be forced back on to kicking and
• 12:20
  screaming, forced into recognizing gold.
• 12:24
  Forced. Essentially back on to the gold
• 12:26
  standard. This is crazy.
• 12:28
  What's going on? Says that this is from the
• 12:31
  Oriental Ghost Oriental. This is on X.
• 12:35
  Twitter. Whatever you want to call it.
• 12:37
  Oriental under score ghost. He follows this very closely, he
• 12:42
  says. Today, gold on the Shanghai Gold
• 12:44
  Exchange was at 2023 and 25. 40 We talked about that already.
• 12:50
  All right, Hold on here, guys. Here, let's talk about Silver
• 12:56
  real quickly. Okay.
• 13:00
  This was from yesterday. Silver on the.
• 13:03
  SFE The Shanghai Futures Exchange change was at 2550.
• 13:10
  I mean, incredible what we're seeing develop right now.
• 13:14
  Right before our very eyes. What do you think?
• 13:19
  How long do you think? How long is it going to take?
• 13:22
  Right until the Eastern economies, the Eastern countries
• 13:27
  take over completely. The metals markets again, they
• 13:31
  produce all the metals. China.
• 13:33
  Russia, the two biggest gold producers in the world, we know
• 13:37
  what India. Well, we'll get to India later.
• 13:39
  So that's China. All right.
• 13:40
  So we had our list of five countries, United States, China,
• 13:44
  check. Who's the third largest economy
• 13:46
  in the world? Japan.
• 13:48
  There's nothing. There's nothing.
• 13:49
  Don't worry. There's nothing going on in
• 13:50
  Japan. There's nothing.
• 13:52
  Nothing to talk about. Excuse me, regarding regarding
• 13:58
  Japan and gold, no, nothing at all.
• 14:00
  Just a headline article. Just that new headline article,
• 14:07
  guys. The world is changing when it
• 14:10
  comes to the precious metals. It's happening, I believe right
• 14:14
  now. Maybe I'm a pumper?
• 14:16
  I get accused of being overly optimistic but headline Japanese
• 14:22
  panic. OK, buy gold.
• 14:26
  As the yen implodes and inflation soars, I want.
• 14:31
  You to think about that for a minute, but I got to introduce
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  something new. To you very quickly, OK, very
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  quickly. The bear wanted to let, let me
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  to have me let you know that he has purchased some shares in
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  first Mining gold. Can you see that may not be able
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  to see. That there we go.
• 14:59
  Yeah. Yeah.
• 15:01
  We have, we have we have two sponsors on this channel, Pin
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  The way to Saint Louis to visit with me and a number of other
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  investors and actually came in the basement and did an
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  on the company you can reach. Out to the coolest guy on the
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  His name's Paul. You can e-mail him, Paul.
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  At firstmininggold.com. That'll be in the description as
• 16:20
  well. Now let's get to Japan, because
• 16:24
  what is Japan doing with gold? Well, they're panic buying gold
• 16:29
  that comes from. That's not some.
• 16:31
  Obscure gold and silver promotion website.
• 16:36
  Anything else? That's from the Financial Times.
• 16:39
  That's like the Wall Street Journal big article about the
• 16:43
  Japanese gold bind frenzy in a hyperinflating Banana Republic.
• 16:49
  Basket case such as Venezuela, Zimbabwe, Argentina or Turkey
• 16:53
  makes sense. One can also imagine Indians and
• 16:57
  Chinese. Liquidating, rushing to buy the
• 17:00
  precious metals as they. Periodically do for for other or
• 17:05
  less relevant reasons. But Japan?
• 17:08
  Japan. Guys, the third largest economy
• 17:11
  in the world, There's a frenzy of gold buying.
• 17:16
  That's right, the otherwise quiet population of Japan has
• 17:19
  found a new infatuation with gold.
• 17:24
  And it has. I can't believe this is
• 17:27
  happening and it has the relentless money printing
• 17:30
  juggernaut that is the Bank of Japan to thank for it, OK?
• 17:33
  Look, their currency is crashing because they've printed too much
• 17:37
  money, essentially. Sound familiar?
• 17:40
  Sound familiar? Don't forget.
• 17:42
  There's a big double kicker at the end that we're going to.
• 17:45
  Talk about all right but but there there the the yen is going
• 17:51
  down in value and Japanese. People are are panicking in
• 17:56
  buying gold. Man, we.
• 17:58
  All have almost 400 people here today.
• 18:00
  How about how about just this? And we'll get back to Japan,
• 18:05
  don't you worry. Please give this a thumbs up.
• 18:07
  That helps get the word out. OK, go check out first mining
• 18:11
  gold. Go check out Pin Becks and I owe
• 18:13
  you guys 10 rings of the Bell. Because we got over 100 thumbs
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  up. Thank you.
• 18:20
  Let's talk about Japan. Papa Japanese households
• 18:26
  households emerge from the pandemic.
• 18:28
  With a ton of savings. But what's happening now in
• 18:32
  Japan? Guys, OK, Japanese people are
• 18:34
  very. Conservative They saved all
• 18:36
  their they saved up all their money, all their yens, OK?
• 18:39
  And they have. All these yens.
• 18:41
  But now, suddenly, their yens are becoming.
• 18:45
  Worthless worth. Less.
• 18:47
  Worthless. Worthless.
• 18:49
  OK, they have high inflation, so now they're like, oh.
• 18:52
  What do we do? What do we do?
• 18:54
  What? We can buy bonds, right?
• 18:56
  Does this sound? Familiar to you.
• 18:57
  This is going to happen there. There's a, there's a I got a.
• 19:01
  Big surprise for you at the end, but this is happening all over
• 19:06
  the. World this has happened hundreds
• 19:08
  and hundreds. Of times throughout history, the
• 19:11
  Japanese paper money is becoming.
• 19:14
  Worth less? Oh, surprise, surprise,
• 19:17
  surprise, Sergeant Carter. You know you only printed a
• 19:22
  bunch of. Money and it became worthless
• 19:24
  paper. That's what's happening in
• 19:27
  Japan. The people are freaking and
• 19:31
  rushing to gold again that. Doesn't come from some obscure
• 19:37
  crazy gold and silver pumping website that my friends came
• 19:42
  from the Financial Times, which I.
• 19:44
  Think is based in London, England, like our our friend
• 19:47
  Richard. Cooper's not based in London I
• 19:49
  don't believe, but he's from England so nonetheless.
• 19:51
  The Lbma's in London? They're freaking.
• 19:55
  The Chinese think about this, and I was laughing as I thought
• 19:59
  there's a lot of Americans who don't know.
• 20:03
  There's a lot of Americans. Who don't know what the Federal
• 20:05
  Reserve is, right. We know that you guys know what
• 20:08
  the Federal Reserve there's a lot of Americans out there.
• 20:12
  There's a lot of Americans that have no.
• 20:14
  Idea what the bricks are? Ask your I bet you asked.
• 20:17
  And I bet you asked 100 Americans about.
• 20:19
  Tell me about the. And they're going to start
• 20:21
  talking. About about the a wall at their
• 20:24
  house, right? They have no clue.
• 20:28
  I'm thinking, I bet maybe 40% of Americans don't even know that
• 20:32
  Japan and China are different, but nonetheless.
• 20:35
  They are different, OK? And they're.
• 20:37
  Both up by the way, the 2nd and 3rd.
• 20:40
  Largest economies are you? Are you starting to add that up?
• 20:44
  Yet? The world's second and third
• 20:46
  largest economies are a little crazy about precious metals.
• 20:51
  Asia. Interesting now, isn't it?
• 20:55
  So let's move down the list. Oh yeah, Germany.
• 21:01
  Germany's #4 on the. World's largest economies.
• 21:04
  It's a known fact that Germans love precious metals.
• 21:10
  There's pressure. There's mining company.
• 21:13
  Conferences that go on in Germany Germans love.
• 21:17
  And you know why Germans love precious metal?
• 21:20
  Because. They've got this little memory.
• 21:23
  I think it was called the Weimar or whatever they they've been
• 21:26
  through hyperinflation, they've been through needing to put.
• 21:31
  All their paper. Thank you for the Super chat,
• 21:33
  Tony. And there was another one as
• 21:35
  well. Hold on.
• 21:35
  And Darcy guys the Super chats so appreciated.
• 21:39
  So helpful to help support the channel.
• 21:42
  OK. The sponsorships, we're trying
• 21:44
  to make a living, support a family with this and we really.
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  Appreciate all the support. I'm not going to beg you right
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  My kids didn't. Go to school this morning with
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  shoes on their feet. I'm not going to make up any
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  fantastic story like I really need to get my kids want.
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  New shoes, high tops. You know how much Nike high
• 22:01
  tops? It's crazy.
• 22:03
  Anyway, we're talking about not buying high tops.
• 22:06
  We're talking right now about Germans in the 19. 30s Wanting
• 22:11
  to buy a loaf of bread? Imagine you're a German, huh?
• 22:15
  Yeah. 1930s You want to get a loaf of bread?
• 22:18
  Guess what? You had to do and there's
• 22:20
  pictures. Of this, you had to load up all
• 22:22
  your paper money into a wheelbarrow and.
• 22:26
  Take it to the Baker and trade a wheelbarrow full of worthless
• 22:31
  paper money for one loaf of bread.
• 22:34
  All right, so the Germans. And remember they're number. 4
• 22:38
  on the list in terms of size of economies.
• 22:41
  They have a little affinity. Towards precious metals.
• 22:44
  They're huge buyers of precious metals.
• 22:46
  Let's go to #5 numero sinkhole. Who's number 5 on the list, I
• 22:52
  wonder? If the 5th country in the world.
• 22:54
  Likes gold, India. Oh yeah, I'll be quick.
• 22:58
  Don't worry. You better know this or you're
• 23:00
  in big. Trouble if you're a basement
• 23:03
  dweller and you don't know. This fact you need to stay after
• 23:06
  school. We're going to have a special
• 23:08
  session on Saturday. Because India is crazy about
• 23:11
  precious metals. Now you better know that Indian
• 23:15
  households have 25,000 metric tons of.
• 23:18
  Yeah, 25,000 metric tons. You know how much is supposedly
• 23:24
  in Fort Knox in the United States?
• 23:26
  That's right, 8000 metric tons. So Indian households.
• 23:30
  Have over three times as much gold as the United.
• 23:32
  States supposedly has in Fort Knox.
• 23:34
  I'm saying that quickly. But what about silver?
• 23:38
  You better know this. Fact as well.
• 23:39
  Last year alone, India. Imported over 300 million ounces
• 23:43
  of silver that represented over like 36% of the.
• 23:47
  World's of the world's production of silver for the
• 23:53
  entire year. India.
• 23:55
  Sucked in like 36% of it. So let's review, shall we?
• 24:01
  And then I've got the big. Bonus double kicker.
• 24:03
  Good news. Happy, skyrocketing precious
• 24:06
  metals prices that we've all been waiting for, Yeah.
• 24:09
  I take Flack. Yes, I believe in skyrocketing
• 24:12
  precious metals. Prices, yes.
• 24:14
  Do you believe, or do you think I'm crazy, that we could get
• 24:18
  $2600 gold next? Year $45.00 Silver.
• 24:23
  Huh. We're going to review.
• 24:25
  Let's review #1. the United States.
• 24:29
  We're going to talk about them next. #2 in the world, China.
• 24:32
  Crazy about gold #3 in the world Japan become recently.
• 24:38
  Crazy about gold. And we'll say silver too.
• 24:41
  What the heck #4 Germany crazy about gold and silver?
• 24:46
  Number 5I probably the craziest in the world about.
• 24:51
  Put all that together, guys. Where's demand for silver and
• 24:56
  gold going? Through the roof.
• 24:58
  But that's not even the best part.
• 25:01
  Because the best part is the world's biggest economy.
• 25:06
  Yes, those. Bright and always eager to learn
• 25:09
  Americans. Who just watch their TV all day
• 25:13
  and have been. Brainwashed for for decades
• 25:16
  against silver and gold. They don't buy any.
• 25:21
  Yeah. Well, we do, right.
• 25:26
  But guys, we're in echo chamber, OK?
• 25:29
  The. Good news.
• 25:30
  Is this what happened just in the last couple of months in
• 25:34
  Japan is going to happen here? Or very likely could happen
• 25:39
  here. Even if we, even if we exclude
• 25:42
  the United States. Which we can do.
• 25:44
  Right now, those other four countries have are creating
• 25:47
  massive demand for precious metals.
• 25:50
  That's if we exclude hello, Susie, Susie's not home right
• 25:53
  now. And hello, I love you, Susie.
• 25:56
  Good to see you. She's at her mom's house taking
• 25:59
  care. Of her mother.
• 26:00
  Everything's fine here at the. House Susie, I'd appreciate when
• 26:02
  you get home if you'd please unlock the basement door so I
• 26:05
  can go out and get a. Little fresh air, nonetheless.
• 26:08
  The top five, Top four out of five, right?
• 26:13
  They love. Silver and Gold We exclude the
• 26:15
  United States. What if?
• 26:17
  What if? Things wait.
• 26:19
  What if? What if?
• 26:21
  Bidenomics isn't really working. And what if?
• 26:25
  What if inflation goes up? And what if?
• 26:28
  The Fed can't raise interest rates anymore.
• 26:33
  Oh. Thank you for the Super chat
• 26:35
  chat Shawn are super. Chat What happens then?
• 26:39
  What if Americans, right? What if Americans?
• 26:43
  Start to wake up and realize like the value of my.
• 26:46
  Currency, Our paper money is going down.
• 26:51
  And it's not keeping up. I can't.
• 26:53
  I can't find any investments to. Keep up with inflation.
• 26:56
  What if America that that already on?
• 27:00
  An A to F scale when it comes to knowledge and interest in.
• 27:05
  Precious metals goes from an. F to A D or C or maybe like what
• 27:13
  is happening in Japan right now. Think about what's happening in
• 27:17
  Japan. There's an explosion of interest
• 27:20
  in precious metals. You know what could happen?
• 27:26
  It could. Be crazy, even with the
• 27:29
  slightest smallest uptick in interest in silver and.
• 27:33
  Gold like we saw back in March and April when we had that that
• 27:37
  little tiny. That little, that was little,
• 27:39
  right? I mean, it was no big.
• 27:41
  Deal just three of the four largest banks.
• 27:44
  In the history United States that failed.
• 27:45
  But that little financial crisis, banking crisis.
• 27:49
  Sorry, I misspoke. Banking crisis, banking issue.
• 27:53
  And you couldn't get silver and you couldn't get gold and prices
• 27:57
  went. Up, up, up in premiums, guys.
• 28:01
  This is so critical for you to understand.
• 28:04
  Thank you Shadow work I. Appreciate the Super chat.
• 28:07
  I do. This is so critical to
• 28:10
  understand the premium and Pat Holland from the Missouri
• 28:13
  Freedom Initiative I think is. Is who is who really drove this
• 28:17
  point home with me. And we love Pat.
• 28:20
  But he said the premium, the premium is the pricing
• 28:26
  mechanism. Oh, interesting.
• 28:30
  We get mad about premiums, right?
• 28:33
  If we're going to buy premium, skyrocket.
• 28:35
  But the premiums right when there's this huge demand, if
• 28:39
  America, America decides to join the.
• 28:44
  Rest of the world. The other four out of the five
• 28:47
  largest world economies, and it will, it will silver and gold.
• 28:53
  They've always been the real money.
• 28:55
  It's just a matter of time. The premium is the pricing
• 28:59
  mechanism, you know and and and on.
• 29:02
  Top of it, the COMEX and the OBMA like we covered earlier,
• 29:05
  well. You know, they're kind of being
• 29:07
  overtaken. Thank you, Ryan.
• 29:11
  By the Eastern markets. Anyway, it could be nutso time.
• 29:15
  Now. Look, guys, I don't have a
• 29:16
  crystal ball. This is just my opinion.
• 29:19
  So don't. Make any financial decisions
• 29:20
  based upon what I'm saying today.
• 29:22
  Don't buy or sell anything. Don't get engaged.
• 29:25
  Don't adopt A puppy. Don't do anything.
• 29:27
  I'm like that but. But wait.
• 29:30
  But wait, But wait, is there more?
• 29:34
  News Who's the guy? Who's the?
• 29:37
  I call him the Crown Prince of Silver, and I love him
• 29:40
  personally. I always have.
• 29:42
  I've always respected him, and you very well made too, Keith
• 29:48
  Newmeyer. What did he do just recently?
• 29:52
  They could have an impact on the pricing mechanism.
• 29:56
  For silver, I want you to think about that.
• 30:01
  But first, I owe you something, and I know.
• 30:04
  You guys all just absolutely love when I do this.
• 30:08
  You've gone out of your way for me and I.
• 30:10
  Really appreciate it. I want to say thank.
• 30:13
  You you took your finger and you pressed that thumbs up button
• 30:17
  over 200 times and one of. Our viewers, Joe F brought this
• 30:23
  obnoxiously loud real live. This is a real cowbell.
• 30:28
  I'm telling you what man, it is loud and I'm going to ring it
• 30:32
  for. You softly because.
• 30:39
  Bells are a part of this show. Richard Cooper Let me Richard.
• 30:43
  Well, let's talk about Keith Newmeyer and then I'm going to
• 30:46
  tell you what. I think Richard Cooper said
• 30:48
  about the bells. Anyway, guys, big news this
• 30:51
  morning in the silver world. First Majestic Silver, OK, the
• 30:57
  silver mining company, which is run by Mr. Keith Newmeyer.
• 31:01
  He's the CEO1 of the. Largest silver producers in the
• 31:04
  world. Coincidentally, Keith Newmeyer.
• 31:07
  Is also the chairman and founder of First Mining.
• 31:13
  But we'll talk about that some other time.
• 31:15
  Keith Newmeyer is a legend. OK.
• 31:17
  Keith Newmeyer. Talks about triple digit silver.
• 31:21
  They even have T-shirts you can buy.
• 31:23
  That say, triple digit silver. Keith Newmeyer has started many
• 31:28
  successful companies. He's.
• 31:30
  Very wealthy. He's very smart.
• 31:32
  He's respected. Like him or not, he's
• 31:34
  opinionated and he's a. He's a warrior for the precious
• 31:39
  metals and in. Particular the silver or what?
• 31:42
  Did Keith Newmeyer what? Was the big news we got out of
• 31:45
  First Majestic? He's talked about we need a new
• 31:48
  pricing mechanism for silver first.
• 31:51
  Majestic has started a a mint, believe it or not.
• 31:57
  Here, let me read this to you. Very interesting.
• 32:01
  Hold on. Yes, you heard that right.
• 32:04
  A mint. Uh oh oh, shoot.
• 32:09
  Oh no. Uh oh.
• 32:11
  Bear with me. Where did I put it?
• 32:13
  Oh, here it is. I found it.
• 32:15
  OK, this is from Kitco. All right.
• 32:18
  First Majestic opens silver minting facility in Nevada
• 32:24
  that's here in the United States citing quote UN quote,
• 32:28
  incredible demand. OK.
• 32:33
  Silver and gold producer First Majestic Silver today announced
• 32:36
  the launch of its 100% owned and operated.
• 32:40
  Minting facility first meant located in Nevada.
• 32:44
  First Majestic. First Majestic.
• 32:47
  This is where it gets very interesting.
• 32:49
  First Majestic. Offers a portion of its silver
• 32:51
  production for sale. To the public, Bars, egnots,
• 32:55
  coins and medallions are available on their company.
• 32:57
  Store last year the company sold.
• 33:00
  Over 440,000 ounces of silver, generating $11 million in
• 33:06
  revenue. But they weren't minting that
• 33:09
  silver them themselves. Now they're opening their own
• 33:11
  Met let's. All Type 4 if you love Keith
• 33:16
  Newmeyer, cuz I'm telling you what man, he is a.
• 33:19
  A warrior for silver investors? That's just my opinion.
• 33:25
  You don't have, you don't have to agree with me.
• 33:27
  First Mint will expand upon First Majestic's existing
• 33:30
  bullying sales through. Vertically.
• 33:34
  Oh, we got a new word. We got to get to that.
• 33:36
  Don't worry. Don't worry.
• 33:37
  It's the. Word of the week.
• 33:38
  Vertically, vertically, vertically I'm going to say
• 33:42
  vertically, vertically integrating the production of
• 33:46
  investment grade, fine silver bullion.
• 33:49
  This will allow first. Majestic to sell a substantial
• 33:52
  greater portion of its silver production.
• 33:54
  Directly to its shareholders and bullion.
• 33:57
  Customers, here's a quote from our friend Keith Newmar by
• 34:00
  minting our own. Silver, we are able to reduce
• 34:03
  unit production costs and expedite delivery time to our
• 34:06
  customers. Here's the kicker.
• 34:08
  Here, this is a double, triple kicker.
• 34:10
  Here's the kicker from Keith in time.
• 34:14
  Our goal is to sell 100% of. The silver we produced directly
• 34:22
  to the physical market, said President and CEO Keith New
• 34:25
  Meyer. OK.
• 34:27
  And they're going to have some of the.
• 34:28
  World's most sophisticated minting equipment.
• 34:30
  Blah blah blah blah blah, I'd heard him say in the past.
• 34:34
  That their their store is always sold out on their.
• 34:38
  OK. That, that that the retail
• 34:40
  investor wants to. Buy directly from the minor.
• 34:43
  Think about this guys. This is one of the world's
• 34:46
  biggest silver producers, that is.
• 34:48
  Working to bypass the commacks and the LBMA.
• 34:53
  Go directly to the consumer. Remember.
• 34:56
  What we said earlier, the price that you pay, right, which is
• 35:00
  the supposed price from the Comex and the LBMA plus plus the
• 35:05
  premium. That's the real price.
• 35:07
  The premium is the price discovery mechanism, Keith
• 35:11
  Newmeyer, I've heard him say. It thinks they need to find a
• 35:15
  new price. He puts his money where his
• 35:17
  mouth is, doesn't. He just built a mint so that
• 35:23
  they can sell eventually, hopefully and I.
• 35:27
  Hope they do 100% of the silver they produce directly to the
• 35:34
  consumer. Way to go, Keith.
• 35:36
  I am a fan of Keith and I'm also a fan of Dan Wilton.
• 35:39
  The CEO Who? Keith hired to run first mining
• 35:42
  gold. I said I wasn't going to talk
• 35:44
  about that anymore. Interesting developments, guys.
• 35:47
  Let me oh. The word of the week.
• 35:49
  Yeah, we're going to do something new.
• 35:50
  We're going to try. It doesn't hurt to stretch our
• 35:53
  minds a little bit. So the new.
• 35:55
  Word of the week is redolent, and we're going to use it.
• 36:00
  We're going to try to think of a way I want you to.
• 36:02
  Try Who can? Who can?
• 36:04
  Where the heck is it? Bear with me here.
• 36:06
  Bear with me. I'm sorry.
• 36:08
  You know me and technology. Maybe you're like me.
• 36:12
  Where the. Heck, did it go.
• 36:14
  Here it is. Redolent.
• 36:16
  Write this down. REDOLENT.
• 36:22
  It stands for strongly reminiscent or suggestive of
• 36:27
  something. So we're going to try to use
• 36:30
  that in a sentence to subscribe to.
• 36:34
  Please do subscribe now that I had a Freudian slip.
• 36:36
  But describe silver and gold redolent.
• 36:42
  Let's see the increase in the silver price is redolent.
• 36:49
  To what we saw in the 1970s. Doesn't that sound
• 36:52
  sophisticated? So we're going to try to use
• 36:54
  redolent every live stream till next Friday.
• 36:58
  It'll be the Friday word of the week.
• 36:59
  It doesn't hurt for us to learn, learn new words, but you didn't
• 37:02
  come here for a grammar lesson. Let's see.
• 37:07
  Whoa, look at all you guys today.
• 37:09
  This is awesome. 400 basement dwellers welcome, man.
• 37:15
  Unbelievable. We are growing and growing more.
• 37:19
  Susie's here, Silver Star. Thank you for the Super chat.
• 37:22
  Oh my. Lord, you guys blow me away,
• 37:27
  man. Unbelievable.
• 37:30
  So the five biggest economies in the world?
• 37:34
  Right. What's the big key take away?
• 37:36
  Huh? Right, China.
• 37:39
  Loves gold. Japan loves gold and silver.
• 37:42
  Germany loves gold and silver. India is.
• 37:44
  Crazy is all we can say about gold and silver.
• 37:48
  Right. So the four out of the five
• 37:50
  biggest are not so and growing when it comes to metals, the
• 37:54
  United States. This is the good news, guys.
• 37:57
  This is good news. This is not.
• 38:00
  It's, it's. It's the United States.
• 38:02
  It's like it's like if your kid comes home from school with an F
• 38:06
  in math class. OK.
• 38:08
  The silver lining is there's a lot of.
• 38:11
  There's a big runway for improvement.
• 38:14
  Thank you Daniel for. That super chat.
• 38:16
  We love all the basement. Dwellers as well.
• 38:19
  There's a bright future for the metals.
• 38:22
  There's a bright. Future for you and me as
• 38:26
  investors in the. Precious metals.
• 38:28
  It's going to be super interesting to watch this all
• 38:32
  play out, OK? I'll see you guys this weekend.
• 38:36
  Thanks for being here and I'll talk to you soon.