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🚨SHOCKING🚨 Wall Street's Gold and SILVER Price WARNING! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  A big warning for silver and gold investors, and it's coming
• 0:05
  from Wall Street, but it's a warning that could be big, big,
• 0:09
  big good news for us. I'm going to give you 3
• 0:13
  examples. And most importantly, the reason
• 0:16
  why this could represent a flood.
• 0:18
  I mean something that we have never experienced in our
• 0:22
  lifetimes as silver and gold investors, a flood of new money
• 0:27
  coming into the precious metals. And won't that be fun?
• 0:30
  We deserve it. We appreciate it.
• 0:32
  I appreciate you joining me down here in the basement.
• 0:34
  I just want to say thank you for being here.
• 0:36
  I want you to feel like you found a little home away from
• 0:39
  home, a refuge from the storm. Please subscribe to the channel.
• 0:43
  Give the video a thumbs up, share it with grandma and
• 0:45
  grandpa grandkids, leave a comment in the comment section.
• 0:49
  And did I say subscribe? Oh yeah, super Chat's always
• 0:53
  super appreciated. Never ever, ever expected.
• 0:56
  And please never donate anything that you can't afford.
• 0:59
  Let's start. We're going to talk about this
• 1:00
  warning from Wall Street, but let's start by having a little
• 1:04
  fun by looking at some chart beauty.
• 1:06
  Let's do an update of where we stand right now.
• 1:09
  And thanks for joining me guys. Again, snap live stream here on
• 1:13
  a Saturday night, but let's go here first to the gold chart.
• 1:17
  This is the December gold futures chart from CNBC and take
• 1:22
  a look at that man, we were up again on Friday.
• 1:25
  We are we are closing in on $4000 gold.
• 1:29
  And when you hear what we're going to talk about next, this
• 1:32
  idea of $6600 gold, right, which is real from a top Wall Street
• 1:38
  firm comes into focus. This is a one year chart.
• 1:43
  Let's zoom out and look at the five year chart.
• 1:45
  It doesn't matter. Gosh, we can't draw this line
• 1:48
  enough. I mean, look at the the just
• 1:50
  beautiful steady increase in the price.
• 1:55
  We didn't see this right, right. Spikes.
• 1:58
  Look at those devil horns. No, what we have seen is when
• 2:02
  I'm going to leave on the screen a steady price increase and when
• 2:06
  we look at it from all, let's look at all and see what we can
• 2:09
  see. OK, Yeah, wow, looks like we had
• 2:13
  a cup and handle there, but what a breakout.
• 2:16
  Now that goes all the way back to 19, what, 80 basically.
• 2:20
  Let's go take a look at silver and see what we're doing there.
• 2:25
  Silver price, I believe this is again the December futures
• 2:29
  contract. Yes, on the COMEX, right.
• 2:32
  We love our friends over at the COMEX.
• 2:34
  By the way, on Friday, yesterday the COMEX traded over 500
• 2:40
  million ounces of paper make believe silver.
• 2:42
  Yes, like over 63% of the annual world silver mining output was
• 2:50
  traded in one day on the COMEX. Not that we're going to, you
• 2:53
  know, insinuate that the price over there is manipulated or
• 2:56
  anything. But again guys, when we look at
• 2:59
  this chart, we can go all the way back here and basically same
• 3:04
  thing, just a real steady. Now the rate of increase does
• 3:08
  increase, does the rate of increase does increase.
• 3:13
  It's about as technical as we get starting maybe around this
• 3:16
  point, which was what back in now about a month ago, but
• 3:23
  nothing to worry about. What we don't see on this chart
• 3:26
  is a straight spike up. I I talked to I'm going to talk
• 3:29
  about this tomorrow during tomorrow's silver focus live
• 3:33
  stream. But we could see let's what,
• 3:37
  what what we have not seen is a spike, a squeeze, a real
• 3:41
  squeeze. What we have seen in silver over
• 3:45
  the last what, 2 years basically, even if we go back
• 3:49
  far on the font, well, we won't go to the five year chart.
• 3:51
  Right now is a steady increase. If we do see a spike up, OK, a
• 3:56
  squeeze, a real squeeze. Let's say silver squeezes up to
• 4:01
  $68 per oz, It will fall right back down.
• 4:06
  However, what will likely happen is if let's say we go from $46
• 4:12
  to to $65 in the matter of a day or two or three, whatever, like
• 4:18
  a real spike squeeze up when we come back down, I would think
• 4:23
  that we're probably going to come back to like a level of
• 4:26
  5455 fifty $6 per oz. That that will be kind of the
• 4:32
  new floor from which we could start moving forward.
• 4:35
  Because things on the silver market are absolutely screwy
• 4:39
  right now. I mean like screwy like we've
• 4:41
  never seen before in the coma in the LBMA, there's like a billion
• 4:45
  oz short sold short in the markets.
• 4:48
  There's all these distortions in the paper market, the EFP
• 4:52
  exchange for physical, the difference between the London
• 4:55
  market and the Comex market is screwed up.
• 4:58
  The lease rates are screwed up. It's very expensive to borrow
• 5:02
  shares of the SLVETF. So anyway, this is about the big
• 5:07
  warning from Wall Street and how we could get a massive flood.
• 5:11
  The it's a good warning for us, for those of us who are who are
• 5:16
  invested in the precious metals. I have 3 examples I want to
• 5:18
  share with you right now that show how things are changing and
• 5:22
  changing really like never before.
• 5:26
  Let's start here and let's go to the top.
• 5:31
  Let's start at the top. What do you say, guys?
• 5:33
  OK, from metals and miners, the great wealth transfer banks have
• 5:37
  quietly piled into gold. And remember what's good for
• 5:41
  gold, it will be good for silver.
• 5:43
  They're like, you know, siblings in the same family.
• 5:46
  Gold's the Big Brother, big sister.
• 5:48
  Silver is the little brother, little sister.
• 5:50
  But the big banks are quietly piled into gold and are now
• 5:54
  publicly calling us all in. Wall Street's coordinated 4000
• 6:00
  to 66,600 gold targets in Morgan Stanley's mind blowing 20% gold
• 6:06
  allocation strategy signal the end of the traditional 6040
• 6:11
  portfolio. There's The headline gold price
• 6:13
  target of $6600 is now reasonable, says Jeffrey's Chris
• 6:18
  Wood, and here's why. So this is coming from
• 6:21
  Jeffrey's, right, one of the most respected big financial
• 6:25
  institutions. He says the financial
• 6:27
  establishment is experiencing a crisis of confidence that few
• 6:31
  are willing to acknowledge publicly.
• 6:33
  For decades, the bedrock assumptions of modern portfolio
• 6:37
  theory have rested on the stability of government bonds.
• 6:41
  And we know the world is losing confidence in government bonds.
• 6:45
  It's unfortunate, right? We don't like it.
• 6:48
  We aren't in favor of it, but it's the reality.
• 6:50
  The Chinese, the Saudis, the Japanese, nobody wants US bonds
• 6:54
  anymore. And that stability of government
• 6:57
  bonds is the ultimate safe haven in the US dollars, the world's
• 7:00
  unassailable reserve currency. All of that is in jeopardy right
• 7:05
  now. We're seeing that on this chart.
• 7:07
  This came from Crescott Capital. This chart shows it like nothing
• 7:11
  else. The yellow line are the gold
• 7:13
  holdings as a percentage of foreign reserves for foreign
• 7:17
  central banks. OK, we go back here.
• 7:20
  Let me draw on here for you. We go back here to the
• 7:23
  Seventies, 1980. You can see that the world
• 7:26
  central banks held a lot more gold than they did U.S.
• 7:29
  Treasuries that flipped around when about, oh, let's say around
• 7:33
  the year 2000 roughly and and governments were kind of forced
• 7:38
  to buy U.S. Treasuries.
• 7:39
  But what we are seeing now, the yellow line, which is the amount
• 7:42
  of gold held by the central banks has made this critical
• 7:46
  cross, which they have circled, but I'll circle over their
• 7:49
  circle and is now heading up OK in this type of chart, doesn't
• 7:55
  flip flop around in weird directions.
• 7:57
  So very interesting what's happening there.
• 8:00
  But this is all about Wall Street changing their tune, the
• 8:04
  6040 portfolio. Look, Wall Street.
• 8:06
  Here's the reality, guys. Wall Street never ever, ever,
• 8:12
  ever recommended anything to do with gold because they didn't
• 8:15
  make any money or anything to do with silver because they don't
• 8:18
  make any money off of it. It's not like bonds and stocks
• 8:21
  and mutual funds where they can skim money.
• 8:23
  It's a lot harder for them with silver and gold.
• 8:27
  So they always had their 6040 portfolio, 60% stocks, 40%
• 8:31
  bonds. But now, and I'm going to show
• 8:34
  you 3 examples, we've got the big major financial institutions
• 8:39
  changing their tune and recommend ending gold.
• 8:44
  OK? We're going to talk about Bank
• 8:45
  of America. We're going to talk about who
• 8:48
  else? Morgan, Morgan Stanley, let me
• 8:50
  get back to it. Let me get through this is this.
• 8:52
  And what's good for gold is good for silver.
• 8:55
  OK? It will absolutely have a major
• 8:58
  impact. But why is he calling for $6600
• 9:01
  gold? The shot heard around the
• 9:03
  financial world. In the hallowed halls of world
• 9:05
  finance, there are pronouncements are measured and
• 9:08
  forecast are conservative. A number.
• 9:10
  A number was uttered that sent shock waves through the
• 9:13
  investment community, $6600 per oz for gold.
• 9:18
  This wasn't a fringe prediction from an obscure newsletter.
• 9:21
  It was the carefully calculated target of Mr. Chris Wood, the
• 9:26
  global head of equity strategy at Jeffries, one of the world's
• 9:31
  leading investment banks. OK, so we've got Jeffries.
• 9:35
  Click check. OK, he's, he's, it's just
• 9:40
  absolutely wild. What he's, what he basically
• 9:43
  used to come up with. His prediction was comparing the
• 9:49
  price of gold to comparing the price of gold to like the
• 9:53
  average disposable income of an American back in 1980 and
• 9:58
  applying that to today. And when you do that, you easily
• 10:02
  come to $6600 gold, $6600 gold. What does that come to for
• 10:07
  silver? I would think that gets us to,
• 10:11
  excuse me, our target. Where is it?
• 10:13
  Right there, right? The blindfolded silver bear, $85
• 10:17
  per oz for silver. We're talking about Wall Street
• 10:21
  recommending gold. Guys, this has never happened.
• 10:25
  It's been ignored. Next, we're going to look at an
• 10:27
  article from CNBC, right, that talks about another big major
• 10:32
  financial institution. Before we do that, I do want to
• 10:34
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  Think I did how we doing? Hi guys.
• 13:03
  We are gold and silver investors.
• 13:05
  We are doing very, very good right now, OK.
• 13:09
  And the I mean I can't do it today.
• 13:13
  Hold on, when the sheeple, All right, when they wake up, we got
• 13:19
  Wall Street waking up. They'll wake up the sheeple
• 13:22
  they'll be and they're doing it, OK, they are doing it.
• 13:25
  Let's go. It's going to be a flood of
• 13:28
  money coming in. This comes from CNBC, right?
• 13:33
  Mainstream media says forget the 6040 portfolio.
• 13:37
  Here is what you need in your portfolio, says Bank of America,
• 13:42
  one of the biggest banks and investment banks in our country.
• 13:46
  OK, let's see what they're saying.
• 13:48
  Instead of the 6040 portfolio, investors may want to consider
• 13:52
  the 2520520520 5 portfolio to pick up some extra returns.
• 13:58
  According to Bank of America's Michael Hartnett, the portfolio
• 14:01
  has outperformed the traditional allocation of 6040 as well as
• 14:06
  last year. It consists of an equal
• 14:08
  division. Here's the important part.
• 14:11
  Among stocks, bonds, cash, and I can't believe I'm saying this,
• 14:16
  but Bank of America is saying to put 25% of your money into gold,
• 14:23
  OK? The strategy is ahead this year,
• 14:25
  both in the US and globally. the US portfolio, we already know
• 14:29
  what that is, has gained 16% year to date, according to Bank
• 14:34
  of America. Meanwhile, a plain vanilla 6040
• 14:38
  portfolio is only up 10%. But wait, there's more.
• 14:43
  OK, this. That's Bank of America though.
• 14:45
  The reason why that's important. Everybody in America knows about
• 14:49
  Bank of America. They're maybe not the biggest
• 14:51
  bank, I think Citicorp has like 200,000 employees.
• 14:55
  But Bank of America is a behemoth, is massive.
• 14:59
  They are waking up the cheap ball, those neighbors of yours,
• 15:05
  those relatives, your uncle, your Uncle Dick, right, your
• 15:08
  Aunt Mary that are like gold and silver.
• 15:12
  That's not that that no, that's not where you put no Wall Street
• 15:16
  now. It's mind numbing.
• 15:20
  This is the important part. I saved this for you.
• 15:23
  It's mind numbing. And what's good when that when
• 15:26
  this happens for gold, it's also going to happen for silver, OK,
• 15:32
  But it's mind numbing to think right now in this country, in
• 15:38
  the world even, but in this country alone, the United States
• 15:41
  of America, the richest country. It's there's a reason why that's
• 15:44
  important, that we're the richest country.
• 15:46
  And now the big financial institutions are telling people
• 15:50
  to put their money into gold and silver, guys.
• 15:53
  Americans on average have what, like 1% or less, maybe 1 1/2% of
• 15:59
  their financial assets in precious metals?
• 16:02
  Imagine, if you will imagine what would happen if people put
• 16:11
  25% or like Morgan Stanley is saying, we'll look at that one
• 16:17
  next 20%. There's not enough silver and
• 16:21
  gold to go around. We don't even need Rick Rules
• 16:25
  talked about that, right? Like we don't need gold and
• 16:27
  silver to be loved. We just need them to be less
• 16:29
  hated. And it is going to be a flood of
• 16:32
  money. If, if, if think about it, if
• 16:36
  Americans put 20 percent, 10% right of the wealth that's in
• 16:42
  the stock market right now into precious metals.
• 16:46
  You think it was hard to get silver during the C-19 crisis
• 16:51
  when you had to wait 8 weeks, go to your local coin chat and
• 16:54
  they'll say, well, take your money, but we'll see you in
• 16:56
  eight weeks because we ain't got no silver.
• 17:00
  Sorry, buttercup. Imagine what it would be like.
• 17:05
  And these are the big Wall Street banks that CNB that have
• 17:09
  never talked about precious metals before.
• 17:11
  This could be huge this I know it's it's crazy to think about
• 17:16
  these incredible prices for in dollars for gold and silver, but
• 17:20
  remember the dollars just nothing.
• 17:21
  It's paper right That the I I've said all along the silver price
• 17:26
  could go to 15 zillion dollars. It happened in Zimbabwe, right?
• 17:31
  And a lot of people, powerful, smart people say that that the
• 17:35
  United States is kind of become like a Banana Republic.
• 17:38
  All right, I know that's a stretch.
• 17:40
  And I'm not saying the dollar is going to become worthless
• 17:42
  overnight and zombies will be walking around and you'll have
• 17:46
  to use, you know, an ounce of silver to buy a meal, anything
• 17:49
  like that. Maybe that'll happen.
• 17:51
  I hope it doesn't. But even under under the best
• 17:55
  circumstances, we're heading into a situation and I'm telling
• 17:58
  you, right, OK, let's go. I'm not going to repeat it.
• 18:01
  Let's go look at the new data. The newest, most interesting.
• 18:05
  Oh boy, here we are. This came from the Silver
• 18:09
  Academy sub stack. Always interesting articles
• 18:12
  coming from the Silver Academy. Central bank's gold binge
• 18:16
  dwarfed. OK the central we know for those
• 18:20
  of you who've been living under a rock, the central banks have
• 18:23
  been buying gold, and even now a few of them silver.
• 18:25
  But gold like crazy. But this is going to make what
• 18:29
  the world central banks are doing with gold look like
• 18:32
  child's play. Wall Street's 20% of gold
• 18:36
  allocation is 100 X bigger. And there's the Morgan Stanley.
• 18:42
  So wait a minute, We've got Jeffries so far saying 66
• 18:46
  $600.00 gold. We have Bank of America talking
• 18:50
  about the new 25252525 allocation of assets, which
• 18:54
  includes 25% in gold and then another 25% in cash.
• 19:02
  And now we have Morgan Stanley talking about 602020 portfolio
• 19:07
  strategy with gold in there as an inflation hedge.
• 19:12
  OK, if and here, here it is, sit down, take a deep breath and
• 19:19
  imagine rainbows and the lollipops and all that good
• 19:23
  stuff. Because if even a fraction of
• 19:26
  the 62.8 trillion now invested in U.S. stocks begins rotating
• 19:35
  into gold at the 20% allocation level now endorsed by Wall
• 19:40
  Street giants, it will unleash the largest and most sustained
• 19:47
  wave of gold mine in the financial history of the world
• 19:52
  and the universe. Yes, right, You'll be able to go
• 19:55
  to your local coin shop and hold your hand to your ear.
• 19:58
  And what you'll hear, right, are steps pounding on the ground.
• 20:01
  But you'll also hear this the sheeple.
• 20:08
  And you, my friend, will already have had your gold and silver.
• 20:12
  This is not a mere rebalancing, but a generational capital
• 20:17
  shift. Think about that, guys.
• 20:19
  There are $63 trillion now in U.S. stocks.
• 20:24
  I don't even know what the total.
• 20:26
  Hold on. Let's go look.
• 20:27
  Let's do this together. Let's go look at what the total
• 20:29
  market cap of silver is. Here we go.
• 20:34
  I'm going to bring you out to Google with me.
• 20:36
  This will be interesting. Total market.
• 20:42
  The keyboard on this computer stinks.
• 20:44
  Market cap of silver. See what AI says.
• 20:51
  The estimated market cap is difficult to pinpoint due to
• 20:54
  varying methodologies, but multiple sources have placed it
• 20:58
  in the hundreds of billions to over a trillion.
• 21:01
  OK, so let's say, let's say, let's say a trillion.
• 21:08
  OK, let's go back here. Where am I?
• 21:10
  Bear with me, guys. Is that it?
• 21:14
  That's where we are, right? Nope.
• 21:16
  Nope, Nope. Oh, we got.
• 21:17
  I forgot it. I've got another.
• 21:18
  I've got a secret. And then the secret.
• 21:20
  There's a secret weapon as well. Let's say it's a trillion
• 21:24
  dollars, let's say for silver alone, just money coming out of
• 21:29
  the stock market. It could, it could move the
• 21:32
  silver market like four or five times easy.
• 21:36
  If we're talking only about let's say 5% of the global stock
• 21:41
  market, which is now it's 63 trillion U.S. dollars.
• 21:45
  I don't think it all this stuff. Oh here we go.
• 21:49
  Let's read this as well with and we got Jeffrey Gunlock with
• 21:52
  Morgan Stanley CIO Mike Wilson and Jeffrey Gunlock both So we
• 21:56
  got Gunlock as well right the bond king calling for a 20%
• 22:00
  minimum goal here. I'll highlight it for you.
• 22:03
  I know you guys what color you want.
• 22:05
  How about we do a nice shade wrong thing of what the heck is
• 22:13
  going on here. Hold on, guys, every now I'm
• 22:16
  going to highlight this. I don't know what's going on
• 22:20
  here. There we go.
• 22:22
  And we will do this in orange because I forgot we got Jeffrey
• 22:27
  Gunlock, the bond king from what PIMCO the like the smartest guy
• 22:32
  in the room. He's also telling everybody 20%
• 22:35
  gold and remember what's good for gold is good for silver.
• 22:39
  But Mike Wilson and Jeffrey Gunlock both calling for 20%
• 22:43
  minimum gold allocations if US portfolios pensions and IRA
• 22:48
  start to shift. Think of that portfolios,
• 22:52
  pensions, Iras, we're talking about up to 12.56 trillion in
• 22:59
  potential gold demand. And we know, OK, we know what
• 23:04
  that means for silver as well. But for gold, that would be
• 23:09
  nearly 100 times more capital than the combined efforts of
• 23:14
  every central bank on the planet.
• 23:16
  This is not just a new chapter for gold.
• 23:18
  It's a seismic event, a legitimate transformation of the
• 23:22
  world financial order. Central banks were just the
• 23:25
  opening act, right? And the real gold rush is only
• 23:29
  now about to begin. And we talked about that,
• 23:32
  basement dwellers. And there's a reason why even
• 23:35
  now we need to pay such close attention to this.
• 23:38
  We sat down here and said, don't listen to what those central
• 23:42
  bankers say. Listen to what they do, right?
• 23:49
  You know, do you? Do you, we all have experienced
• 23:53
  it, somebody in your life who's kind of a chronic liar, right?
• 23:56
  You get to a point with them where you don't listen to what
• 23:59
  they say, you listen to what they do.
• 24:02
  And that's exactly unfortunately, cuz I think he's
• 24:05
  a cute guy and that's exactly what we said with him all along.
• 24:12
  But not just him, Jerome Powell, right, with his toilet paper
• 24:16
  money printing machine. No, also all the central bankers
• 24:20
  in the world and we talked about this and there's a, that's the
• 24:23
  reason why. That's the reason why we said
• 24:26
  let's watch what they do, not what they say, because they're
• 24:31
  all about manipulation. And what they were doing, with
• 24:35
  the exception of that fine gentleman Jerome Powell, was
• 24:38
  buying gold. If we did that, if we, if we
• 24:43
  paid attention to what they did, now it makes sense.
• 24:47
  Act 2, in that process are the big Wall Street banks suddenly
• 24:52
  saying you need to put 25% Bank of America into gold, or Jeffrey
• 24:58
  saying $6600 gold, or Morgan Stanley talking about 20% into
• 25:05
  gold. And Jeffrey Gunlock, who I
• 25:08
  almost forgot about. And Ray Dalio, the world's
• 25:11
  biggest, most successful hedge fund builder.
• 25:14
  The guy started Bridgewater Capital Capital.
• 25:16
  It's the biggest hedge fund in the world out of his apartment
• 25:20
  now. It's the biggest hedge fund in
• 25:21
  the world. He says put money into gold.
• 25:25
  But there's a secret weapon. I promised you a little surprise
• 25:29
  at the end. And that's going to be good for
• 25:33
  silver. Don't worry.
• 25:35
  You know me, right? I love gold, but I also love
• 25:37
  silver. No doubt about it.
• 25:39
  Oh, and by the way, before I forget, I need to say thank you.
• 25:43
  Very important. First Mining gold.
• 25:45
  You know I love gold mining stocks.
• 25:47
  I always have. They sponsor my channel.
• 25:50
  It's a stock I owned long before they sponsored my channel.
• 25:54
  A company I believed in, company I made videos about long before
• 25:58
  they spoke. Some of my earliest videos are
• 26:00
  about First Mining gold. They are a gold development
• 26:03
  stage company in Canada. They have two big multi million
• 26:08
  ounce gold development stage projects in Canada.
• 26:12
  That's a good jurisdiction. Massive amounts of gold in the
• 26:15
  ground. They're developing the mines,
• 26:17
  they're going through the, the, the, the permitting process, all
• 26:21
  that stuff. It's very, very interesting.
• 26:24
  It's gold in the ground, right? Mother Nature's vault, as I like
• 26:27
  to say it. But what's really interesting
• 26:29
  about them is the fact that they're in a great jurisdiction.
• 26:32
  The gold is there. The gold is in the ground, and
• 26:34
  the big mining companies of the world, right, need to replenish
• 26:39
  their pipelines. They want to do that with big,
• 26:41
  large scale projects and good jurisdictions.
• 26:44
  And not only do those big mining companies want to replenish
• 26:48
  their pipelines, but now, because the big gold miners,
• 26:51
  they're making like $2000 per oz on each ounce of gold they dig
• 26:55
  out of the ground, they're all suddenly focused on growth.
• 26:59
  OK. And there aren't a lot of big
• 27:02
  development stage projects in favorable jurisdictions.
• 27:05
  Do your own due diligence. I'm not a financial advisor.
• 27:07
  Don't buy or sell anything based on what I say.
• 27:09
  But if you want to learn more about first mining gold, go
• 27:12
  right there. What about our secret weapon?
• 27:17
  We can't hear this one enough. OK, we talk about central banks.
• 27:22
  We talk about Wall Street. But do you realize that?
• 27:26
  Who owns what? I'm going to give you a quiz.
• 27:28
  See who was paying attention. I think I talked about this a
• 27:31
  week ago. Who owns one in 10-1 in 10
• 27:37
  ounces of gold in the world right now?
• 27:41
  Huh. Who?
• 27:43
  One in 10 Indian housewives. Indian women.
• 27:50
  Can you say housewife anymore? I don't know.
• 27:52
  Let's check. See if Susie's there.
• 27:54
  Are you there over Suzanne? Nope, she's not there.
• 28:01
  She's probably mad at me because I said the word housewife.
• 28:03
  Anyway, check this out. See if I can pull this up.
• 28:07
  This can be a challenging 1, so bang.
• 28:09
  Craig Edmonds. Thank you, man.
• 28:12
  Thank you, buddy. Thank you for the Super chat.
• 28:13
  Great to see you Craig. Here we go This is interesting
• 28:18
  share this tab and said from walkers to economy.
• 28:21
  OK India's 25,000 ton private gold reserve.
• 28:27
  Analysts say the allure physical gold goes beyond culture and
• 28:31
  tradition. In a world unsettled by
• 28:34
  inflation trade wars and geopolitical conflicts, gold
• 28:37
  remains a reliable hedge against uncertainty.
• 28:40
  There are those Indian women. But let's go down here.
• 28:45
  I highlighted this. Indian households are sitting on
• 28:49
  one of the world's largest untapped financial assets.
• 28:53
  OK, I'm gonna. There's a reason why this is
• 28:55
  shocking. OK, you can correct me if I'm
• 28:58
  wrong, but I'm gonna share this reason with you.
• 29:00
  But let me get through this paragraph.
• 29:01
  Physical gold and women are at the heart of this glittering
• 29:06
  reserve. Chartered Accountant Neeteen
• 29:08
  Kasik, in a recent post on X, formerly Twitter, revealed that
• 29:12
  Indian women alone hold nearly 11% of the world's gold,
• 29:19
  amounting to about 25,000 Tonys. I used to know what a Tony was.
• 29:24
  Tons. Whatever guys.
• 29:26
  That is absolutely incredible. And guess what?
• 29:29
  I got news for you. I know some Indian women got
• 29:32
  Indian, some Indian neighbors, my kids, friends, parents and
• 29:35
  anyway, I know a lot of Indian people, they're never going to
• 29:39
  sell their gold. I mean never.
• 29:41
  And guess what, another little secret for you.
• 29:43
  They love and but I got the big reason why you can really be
• 29:46
  excited about this one. They love silver as well.
• 29:50
  And silver jewelry, it's going to explode, I'm telling you.
• 29:54
  OK, look, hear me out here, but silver jewelry will be what
• 30:00
  everybody's talking about six months, a year, 2 years from
• 30:04
  now. People in the fashion industry,
• 30:07
  but people in the silver industry, one in 5 ounces of
• 30:10
  silver that are used every year are used in silver jewelry and
• 30:15
  people are done selling their silver.
• 30:17
  I'm getting that that from all my contacts.
• 30:20
  And don't worry, I got that shocking piece of information
• 30:23
  I'm going to share with you about those Indian women.
• 30:25
  And they're 11%, one in 10, more than one in 10 of the world's
• 30:29
  gold ounces. But but people don't realize,
• 30:34
  right? On top of in regular investment
• 30:37
  demand and silver on top of the industrial uses, which I won't
• 30:42
  go into right now. But this jewelry thing I think
• 30:45
  is going to be huge. Look at this, right?
• 30:47
  This came from my friend Bully and Betty.
• 30:49
  I love it. Right?
• 30:51
  Yeah, Look at that. That's a silver, a silver gold,
• 30:56
  I'm sorry, silver round coin and a beautiful silver.
• 31:02
  And I'll just I mean, when you hold this in your hand, I don't
• 31:05
  know if you can see it. You can kind of see it.
• 31:08
  It's special, OK? It's it's beautiful, right?
• 31:12
  And it's also more affordable. People aren't wanting to spend.
• 31:15
  We get this back nicely. Well, I'm a little bit of a OCD
• 31:19
  guy. People are wanting to spend all
• 31:20
  that money. OK, The reason that's so crazy,
• 31:23
  Thank you, Craig, for the Super chat.
• 31:25
  The reason that's so crazy with the Indian women, as far as I've
• 31:29
  been told, that's three times the amount of gold that the
• 31:33
  United States of America has in Fort Knox.
• 31:35
  Thank you guys for being here. Please subscribe to the channel.
• 31:39
  We're having a lot of fun down here in the basement and we're
• 31:41
  going to continue to have it because we are moving forward
• 31:47
  with silver and gold. OK.
• 31:49
  It's going to be an interesting, interesting ride.
• 31:51
  I said it to you all three years ago that I'd be with you through
• 31:54
  the whole thing. We're going to keep riding it
• 31:57
  out. Be prepared for volatility.
• 31:59
  It's not always going to be green, green, green, green,
• 32:01
  green. We will have some red days, but
• 32:03
  the overall right trend is to the upside.
• 32:07
  OK, thanks for being here. All right, have a great night
• 32:10
  and I will see you next time.