Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / π¨ Silver ALERT! π¨ Vanishing in Real Time π¦π¦ THIS Has Never Happened Before
Transcript
- 0:00Unbelievable news in the world of precious metals, creating for
- 0:05us an unprecedented historical environment for gold and silver.
- 0:11We're going to look at some crazy developments today,
- 0:14shortages in the world of silver.
- 0:17Two top analysts calling for $100 silver and not some far off
- 0:23a date in the distance. We're talking very, very near
- 0:27term. Of course, we're going to
- 0:29address, there's some people out there saying that we're in a
- 0:32bubble for silver. We'll talk about that.
- 0:34And of course, the major news story of the weekend, the major
- 0:38geopolitical development, but importantly, how that will
- 0:43affect the price of gold and silver in the short term and the
- 0:46long term. One thing we know for sure, it's
- 0:49a big honor when you join us down here in the basement.
- 0:51Thank you for being here. Your time is valuable.
- 0:54We honor you. Please subscribe to the channel.
- 0:57Press that button, press the bell so you get notified every
- 1:00time we go live. And most importantly, enjoy your
- 1:03time down here in the basement. We want to dig and we dig a
- 1:06little deeper because we're in a basement right into what's
- 1:09really going on in the world of gold and silver.
- 1:13Let's get started by talking about silver and is there a
- 1:16silver shortage, right? There's a lot of hysteria out
- 1:20there, a lot of news, some people saying there's a shortage
- 1:22of silver, shortage of silver. Let's dig in and I'll give you
- 1:25my take on what's going on and some evidence, reasons and
- 1:28examples, but also some analysis on why we want to keep a close
- 1:33eye on what is happening. So we're getting a lot of
- 1:36reports like this one right here came from Silver Trade, SD
- 1:41Bullion, JM Bullion Hold on One Second and APMEX are sold out of
- 1:481000 oz COMEX good delivery silver bars.
- 1:54That tells us something very, very interesting guys.
- 1:57That's the big boys. Those are the big bars that are
- 1:59used on the big exchanges, right?
- 2:01The you know, supposedly, you know, back up the paper make
- 2:06believe contracts. Those apparently are now sold
- 2:09out at the big retailers. That tells us that this big
- 2:14physical demand, right? Not the paper demand, but the
- 2:17physical demand and not so much on the retail side, although
- 2:21we're going to look at some interesting developments there.
- 2:23But on the large scale investment side, that physical
- 2:27is indeed under stress. I find this super, super
- 2:31interesting. Now, yesterday I went to my
- 2:34local coin shop. Let's switch gears.
- 2:37Hold on one second. Here.
- 2:39There we are. Now we're back.
- 2:41Hey, good to see you again. I went to my local coin shop.
- 2:43It's a big local coin shop to see what things look like there.
- 2:48I didn't buy any silver. OK, I did buy 4 empty tubes for
- 2:52storage, whatever, but nonetheless it was a very active
- 2:57environment. There was not a line out the
- 2:59door, OK, but I also hung around for 5 or 10 minutes.
- 3:03I heard one of the very experienced clerks.
- 3:05He's been there at least 20 years, but the people that work,
- 3:09they've got like 40 people working at this coin shop
- 3:12telling one of the customers that it's like they're not wiped
- 3:15out. They had some inventory, but
- 3:17basically that they were under some pretty serious stress when
- 3:21it comes to their inventory of silver.
- 3:23So it's getting very interesting, but we want to talk
- 3:26about retail demand and why and why we're not going to be so
- 3:32super concerned, but we're seeing two things.
- 3:33I went out before I went live here, I went to all the big
- 3:37major bullion dealer websites, looked at 10 oz bars, one ounce
- 3:40bars, coins, different things. We're not going to say
- 3:43everything sold out, but a lot is OK.
- 3:46There's a lot of things that are either not available or on
- 3:49pre-order, OK. But the other interesting thing
- 3:53that we're seeing, and now we're almost seeing this at all the
- 3:56major online bullion dealers and those are the ones we really,
- 3:59that's where we can get data from, is they're all talking
- 4:03about major shipping delay, 10 days, 15 days.
- 4:07Here's one that was shared with me.
- 4:09I want to show with you from TD. Hold on here, Yep, from Silver
- 4:15Ape King. Ape King.
- 4:16Due to high demand, TD Precious Metals has increased their
- 4:21delivery delays by up to 25 business days.
- 4:27That's like 5 weeks, right? And here's the note right here,
- 4:30Please note due to high demand, delivery timelines of 10 to 25
- 4:33business days for precious metals orders may be delayed.
- 4:37As an alternative, they say you can go to one of our retail
- 4:40locations, but then it says down here at the very bottom that is
- 4:45subject to availability. So what we are definitely
- 4:48saying, let's recap what's going on right now in the physical
- 4:52market. The big bars appear to be gone
- 4:56in short and in short supply, which which indicates to us that
- 5:00the bigger players are sucking up all the silver on the retail
- 5:04side. And then we're going to talk
- 5:05about why, about how important retail is.
- 5:08We're definitely seeing stress in the market.
- 5:11Should we call it a scramble? I love that word.
- 5:15You know we won't say it's a squeeze, right?
- 5:18We know we've been in a squeeze. We won't necessarily say sold
- 5:22out shortage, but absolutely confidently I can say it's a
- 5:26scramble. And on top of that we have the
- 5:29situation where we know there's a ton of activity because all
- 5:33the major online bullion dealers are are are warning customers
- 5:37that we have shipping delays, physical demand is overtaking
- 5:42paper supply. It's as easy as that guys here
- 5:46this now this next one, I think also tells us what is happening
- 5:51right. I I love it with technology,
- 5:53with the online bullion dealers and with and with other
- 5:56technology. They can't hide the fact that
- 5:58the world's going a little crazy over silver.
- 6:01All right, I'll do it. I know you want to hear it the
- 6:03sheep noise right, that the people are waking up.
- 6:08You woke up a long time ago. But wait till you look at this
- 6:11next piece of data and what does this tell us?
- 6:13This is great. Put a smile on your face, my
- 6:16fellow. Oh, by the by the way, well,
- 6:19I'll tell you this in a second. This was from Weimar silver
- 6:22Baron. He says I always tell you
- 6:25searches on Google for buy silver are at an all time high.
- 6:32Wait till you see this chart. OK, this is the buy silver.
- 6:37You can see right here search. You can go on like Google
- 6:40Analytics and look at this and look at this goes all the way
- 6:44back to 2011. There's 2000.
- 6:47Now this isn't even more interesting.
- 6:50Oh my gosh, OK, in 2011, that was the previous high.
- 6:54Remember the cup in handle that we broke out of, right?
- 6:59This is 2011. This was what, 1980?
- 7:03OK, that was how high the searches got.
- 7:06OK, now, wow. And then this right here was
- 7:12probably during C-19, remember when there was a silver craze
- 7:15that went on. But look at where we are now,
- 7:19OK, absolutely exploding now. Do we really?
- 7:24This is something very important that we need to talk about.
- 7:26Do we really need to focus on on retail, right?
- 7:32Because the the reality is this guys, the retail market
- 7:35traditionally does not set the price of silver.
- 7:38The retail market sets the price of premiums.
- 7:41Very important to understand premiums.
- 7:43Meaning if you go to your LCS, here's a beautiful one ounce
- 7:48silver round coin from a first met, right?
- 7:52And you want to buy this in the, the, the, the, we'll go back in
- 7:56time. The silver price is only $50.00,
- 7:59but they're selling this for 55. You're paying a $5 premium over
- 8:03spot. If retail demand explodes, they
- 8:06might be selling these for $60.00.
- 8:08If it goes crazy, they might be selling them for 65 dollars, $15
- 8:13over spot. Typically speaking, the retail
- 8:16demand does not have does not set traditionally had not set
- 8:20the price of silver. It was set by our good friends
- 8:24at the paper market, the COMEX. Is that all changing, right.
- 8:28We, we, we'll see how this all plays out.
- 8:31We are certainly in a new paradigm, a new weather pattern,
- 8:35however you want to say it. The winds have shifted in the
- 8:38silver market where physical demand is overtaking the paper
- 8:42price. OK.
- 8:43It's happening on a worldwide basis and we're going to talk
- 8:45about how these major, the major Venezuela geopolitical event,
- 8:49how I think it's going to impact the price of gold and silver in
- 8:52the short term and the long term.
- 8:55But but the physical demand is overtaking the paper price.
- 8:59It's so critical for us to understand.
- 9:01So the retail demand could become more important in the
- 9:06overall pricing structure of silver as we move into, let's
- 9:12say, the next coming hours, months, quarters and years.
- 9:17It's going to be interesting. We're going to talk about the
- 9:20$100 two, two analysts, excuse me, are telling us that we could
- 9:25get $100 silver very soon. But when we talk about worldwide
- 9:28demand, do you wonder what's going on in China at their
- 9:31retail market, their physical retail market?
- 9:34Let's just do a quick check in on how things are in China.
- 9:39This is some very interesting footage.
- 9:41This came from David Lee. China has a four day holiday
- 9:45starting on the 1st through the 4th.
- 9:46People are back to the Shenzhen Chubai gold market to shop
- 9:51before the Chinese New Year which is in mid February and
- 9:55take a look at what's going on there.
- 9:57This came from TikTok gold market in China.
- 10:20I'll turn that music off. It looks pretty active.
- 10:22Actually. Now that I'm looking at that, I
- 10:24would say that my local coin shop, which is a big local coin
- 10:28shop, no doubt was not that crowded, but it was leaning in
- 10:32that direction. No doubt about it.
- 10:35Hey, it takes sponsors to make Ron's basement possible today.
- 10:38This, this episode has a special sponsor, excuse me, Argenta
- 10:44Silver. I'm going to show a quick video
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- 10:49I'll be right back to talk about this $100, two, not one, but two
- 10:55at now and you get 2 analysts calling for $100 silver.
- 10:59The move we've seen in December 2025 in precious metals,
- 11:05especially silver, is one for the record books.
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- 11:24over 70% in 2025. Gold has added nearly 13
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- 11:33Silver has hit $75 per oz, up 148% in 2000, 1025, and is now
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- 12:13On top of that, a prominent Argentinian businessman who had
- 12:17already invested millions in May of 2025 recently raised his
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- 12:28months ago, which is the reason why I'm profiling this company
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- 12:45billionaire, is a major shareholder and only 1% of the
- 12:50land package has ever been drilled.
- 12:53And there's plenty of cash to drill even more right now.
- 12:57Together, both Frank Giustra and Eduardo Elstein, through his
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- 13:32from its peak. So do your homework on this
- 13:35company now. There's three key reasons why
- 13:39I'm very interested in Argenta Silver.
- 13:42First, two highly successful businessmen with proven track
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- 13:54Argentinian real estate entrepreneur Eduardo Elstein are
- 13:59major shareholders of Argenta Silver.
- 14:03Secondly, valuation of the company.
- 14:06Here are the dry figures which tell the story.
- 14:10The previous owners of the Elkvar spent an estimated 60
- 14:14million Canadian dollars on the project.
- 14:18They discovered the third largest pure silver deposit in
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- 14:28Argenta purchased the Elkvar project for only 3.5 million
- 14:34U.S. dollars in September 2024. The Pure Silver deposit contains
- 14:40silver resources of 45.3 million oz at 482g per ton indicated and
- 14:504.1 million oz at 417g per ton inferred.
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- 15:13Argentis Silver now has a significant cash position,
- 15:17roughly 18,000,000 U.S. dollars in working capital and they are
- 15:22drilling as we speak. So results are imminent and will
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- 15:31of this bull market in silver, which there's never been
- 15:35anything like before. Again, ticker symbol AGAGF.
- 15:42The flagship resource and project are situated in
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- 15:51that was the best voted jurisdiction of Latin America by
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- 16:05forget the ticker symbol AGAGF. Thank you, Argenta Silver for
- 16:13sponsoring this episode of Ron's Basement.
- 16:16And I want to remind you, I'm not a financial advisor.
- 16:18I talk a lot about buying gold, silver, precious metal, mining
- 16:22stocks. Always do your own research and
- 16:25realize right be responsible Mining stocks, any investment is
- 16:29risky. Let's take a look at some more
- 16:31data. We got a lot more to cover 2
- 16:33analysts telling us $100 silver and possibly very, very soon.
- 16:37What about this talk of a bubble?
- 16:39And don't forget, we need to talk about the major bent over
- 16:42the weekend with Venezuela and how I see that affecting the
- 16:46precious metals market as we move into the future.
- 16:49Let's go here first. We got a lot more to cover,
- 16:53guys. Here we go.
- 16:55We need to look at this chart. Don't forget when we talk about
- 16:57silver and we talk about gold, foreign central banks now hold
- 17:01more gold than Treasuries. I talked about this the other
- 17:04day. Several of you requested I get
- 17:06this chart back out. If we look at this, I mean,
- 17:09look, this is gold, obviously the yellow line and it goes all
- 17:13the way back to 1970, all the way through 2030 or today, which
- 17:18is the white part. This is from Tavi Costa and data
- 17:22from Bloomberg. But as you can see, gold
- 17:24holdings starting around 1980, back then, this is how much gold
- 17:29central banks owned, and this was how much in U.S.
- 17:32Treasuries from 1980 through about 1995 that went up and then
- 17:38from 1995 all the way through today, the world central banks
- 17:43held more U.S. Treasuries, basically more U.S.
- 17:46dollars than than they did gold. However, as you can see right
- 17:51here in the present day, we just crossed over, which is a
- 17:56historic move. These, these types of moves
- 17:59don't fluctuate very, very much like this is a big trend.
- 18:04I mean, look at this trend, unbelievable actually of gold
- 18:08going up right in U.S. Treasuries starting about 2018,
- 18:132020 going down. What that tells us is that the
- 18:17smartest people in the world, the most in the know financial
- 18:22minds in the world, the people running the world, central banks
- 18:26are moving towards gold and by default silver.
- 18:29There's some chatter out there and a little bit of proof that
- 18:32some of the central banks are starting to look at silver.
- 18:35But I think that that could be something that we see more of in
- 18:38the future, $100 silver, right? Keith Neumeyer from First
- 18:43Majestic, what I think was coined that phrase, triple digit
- 18:46silver. Is it in the near term horizon?
- 18:49Look, nobody has a crystal ball, but we've got two people.
- 18:52We're going to talk. Start with our friend Rashad,
- 18:55who's been very, very, let me get back here.
- 18:58He's been very, very accurate as of late.
- 19:00And he says himself, right, not financial advice, but he points
- 19:04out some interesting things based on his analysis of the
- 19:08silver chart. He says, I think silver is about
- 19:13to start a new Sprint higher to test $100 level and then pause.
- 19:19What would you be OK with that? I think we'd be OK.
- 19:22We got to $100 and then paused the same way it paused around
- 19:26$50 before it continues higher. Silver price tripled in 2025
- 19:33within nine months. If it triples again in 2026,
- 19:38then the price would reach $200 plus.
- 19:41And here's the chart that he's developed right, showing us kind
- 19:45of where we are right now in this zone, but how he foresees
- 19:51the price moving even higher and higher and then up here into the
- 19:56above 200. So Rashad has had an uncanny
- 19:59ability to predict the silver price as of late and he's
- 20:03talking about that happening sooner as opposed to later.
- 20:07But let's go out to Gary Savage and see what Gary's telling us,
- 20:10which is silver appears to be forming a bull flag
- 20:14consolidation. We'll look at that here on the
- 20:17chart in a second. Once the medals finishes, finish
- 20:20this minor profit taking event probably sometime this coming
- 20:24week. Can we wait that long?
- 20:28I think silver will be set up to test 100 one $100 or at least
- 20:32pretty close to it over the next one to two months, $100 within
- 20:38the next one to two months. And this is this looks like a
- 20:41bull flag consolidation to me. The blue lines, right?
- 20:45Can it a flag pattern, right? It's kind of like there's a
- 20:49pole, there's the flag as you can see on the pattern.
- 20:53So that's the flag right here, right, man, put whatever you
- 20:56want in there. We'll put an S for silver.
- 20:59That's the silver flag. That's what we see developing
- 21:02the, the way these consolidation patterns and triangle patterns
- 21:08work is that eventually the price has to break out.
- 21:11Gary is calling it as a breakout to the positive.
- 21:15Look, when we talk about, and we'll do this next because I
- 21:18want to, I want to, I want to cover what Jesse Colombo is
- 21:23saying about the silver price right now.
- 21:25But when we look at all the fundamentals involved, it's
- 21:27overwhelming how optimistic we can be right now about the
- 21:31silver price. No other time in history that
- 21:35I've been following it for over 25 years could we be as
- 21:39optimistic as we are right now. And there's people out there
- 21:42saying it's a bubble, right? And look, no, look, I don't have
- 21:45a crystal ball. Nobody does, but I don't think
- 21:48it's a bubble. But let's listen to what Jesse
- 21:50Colombo has to say because he brings up a very simple yet very
- 21:55powerful point and that is this OK?
- 21:58Jesse is one of the most widely followed analyst in the silver
- 22:02sector right now. And gold, he said silver's
- 22:05recent surge has sparked claims of an unsustainable bubble, But
- 22:10those calling silver a bubble are misled by its nominal gains.
- 22:17And we're going to talk about that.
- 22:18That's very important. Unaware it remains very cheap
- 22:23according to numerous metrics. And what he's basically saying
- 22:27is right, the gains in the silver price.
- 22:30We'll look at this first, then we'll come back.
- 22:32This is the silver to Dow ratio, as you can see.
- 22:38Index to 100. This goes back.
- 22:40Oh shoot, hold on guys, let me get the dates on the bottom for
- 22:44you. I think if I pull this up, it's
- 22:47not as big actually. OK, anyway, goes back.
- 22:50There's 1980 down here. You can see how high this ratio
- 22:55got. OK, alright, there's the 2011
- 22:58peak there. Much higher, and this is where
- 23:01we are now. What he's basically saying is
- 23:04like if you compare the price of silver to the dollar for, for
- 23:08instance, the Dow Jones Industrial Average, which is
- 23:11what, 45,000 somewhere in that area right now, silver has a lot
- 23:16of catching up to do. If you compare the price of
- 23:19silver right to the M2 money supply, We looked at that
- 23:22yesterday, right, the the dollar to silver ratio, the change in
- 23:27the M2 money supply versus the change in the number of Oz of
- 23:32silver mined on a worldwide basis, that's like at $1000.
- 23:36There's a massive difference between, in the financial world
- 23:39between the word nominal, which basically just means number,
- 23:43right? And real, right.
- 23:45And, and guys, so when we're looking at the price increase of
- 23:48silver and say, oh, silver's gone up.
- 23:50So that's because we're, we're, we're kind of brainwashed into
- 23:53pricing silver in U.S. dollars. But when you strip away, when
- 23:58you do some analysis on the actual numbers behind, when you
- 24:02compare the price of silver to the increase in the money
- 24:05supply, when you compare the price of silver to the, to the
- 24:09Dow Jones, right, like Jesse Colombo did, really right.
- 24:14I know it's hard. Like we make you hear people say
- 24:16$100 silver, $200 silver. Oh, that's crazy.
- 24:19No, it's kind of like we're we're, we're we're trained.
- 24:24We have what's called recency bias.
- 24:28You, you have a bad case and I have a bad case of recency buys.
- 24:31Well, maybe not us, but definitely those sheeple and,
- 24:34and some people in the silver world that say, oh, silver can
- 24:38never get to 100 people said it. Guys, listen, here's a little
- 24:42secret for you, OK? A year ago when silver was at
- 24:45$30 and there were some people that were in their basement
- 24:48making YouTube videos saying silver could go to 50, silver
- 24:51could go to 60-70 dollars. They would get heckled.
- 24:55They would get made fun of. Yeah, right.
- 24:58Because people just think in terms of these numbers.
- 25:00They're just it's just a nominal number.
- 25:03OK? The silver price can go
- 25:05astronomically high. I've said this all along.
- 25:08Silver could. Silver could go to Infinity and
- 25:10beyond, no doubt about it. Insane.
- 25:14With with, with, with gold. OK, let me ask you a question.
- 25:18How much does silver cost in Confederate dollars, right?
- 25:21That went became more and I'm not saying the dollar and I
- 25:24don't want that to happen. I love my country.
- 25:26I don't like what they've done with a paper dollar since 1971
- 25:30when President Nixon temporarily took us off the gold standard.
- 25:34But nonetheless, nonetheless, guys, the reality is paper
- 25:38money, it's been proven throughout history every other
- 25:42time has become worthless Fiat, right FAIT.
- 25:46So to look at these numbers and say well, silver could never get
- 25:50to 150 an ounce. That's in my opinion.
- 25:54I don't want to use the F word foolish, but I will a little bit
- 25:57foolish because silver couldn't just go to 150.
- 25:59It could go to 15103 thousand. It can go anywhere.
- 26:04All right, I digress. We got a lot more to talk about
- 26:07the goal. OK, here's another great example
- 26:10of history. The gold to silver ratio, which
- 26:14currently sets. I love this chart.
- 26:17This comes from Make Gold Great. There's a big message in this
- 26:20update, but if I just showed you the top part of this chart, the
- 26:23gold to silver ratio on the 3rd of January 2026, a massive drop
- 26:31from 1 from 104 in April just this last year back in 2025.
- 26:38It's hard to isn't it hard to imagine 2025 now is referred to
- 26:42as last year. But look at the gold to silver
- 26:44ratio every oh, the gold to silver ratio is going down by
- 26:47you know, we're still above like long term averages.
- 26:51That's the number of Oz of silver it takes you to get one
- 26:54ounce of gold. The higher the price of silver
- 26:57goes relative to gold, the lower the ratio goes.
- 27:01So, for example, if we were living in ancient Egypt here,
- 27:05we'll just look at this one right here, 1000 BC.
- 27:11And it's kind of funny to think that we had relatives, you and I
- 27:14did have relatives alive during that time period.
- 27:18At that point in time, it took 10, only 10 ounces of silver to
- 27:22get one ounce of gold. That meant that if, if that, if
- 27:25that ratio were applied to today, the silver price would be
- 27:29at yes, you guessed it, I picked an easy one for us, $440 per oz,
- 27:35meaning it would only take 10 ounces of silver to get one
- 27:37ounce of gold. Throughout history.
- 27:39Look at all these these numbers, 1 to 15 in in 2000 in Rome, 1 to
- 27:4515 in Italy in the year 1300. But even as we get the more
- 27:50recent times right in the year 1500 in Germany here, let's just
- 27:54circle that for fun, alright? It was again 12:50, which again
- 27:59would mean a $440 silver price going all the way to today.
- 28:04This is the only time in history when the ratio is now 60 to one.
- 28:08It takes basically I'm rounding up 60 ounces of silver for you
- 28:13or I to trade for one ounce of gold.
- 28:16This number can go much lower. What if it goes to 20, right?
- 28:21If it goes to 20, we have silver over $200 per oz.
- 28:26But wait, there's more. Because when we consider a very
- 28:30important fact, and I mean fact, right, that back then silver
- 28:36wasn't consumed like it is today, Today silver's being
- 28:40consumed or, you know, unless you're really brand new to the
- 28:44channel, you know, right, solar panels, electronics,
- 28:49microprocessors, AI, data centers, electric cars, the list
- 28:53goes on and on, right? And nobody ever talks about the
- 28:56fact that it's antimicrobial. And I got another bonus fact
- 28:59about silver that I think it's going to be you mark my words,
- 29:03when we're down here in the basement five years from now,
- 29:05we're going to be smiling because we're going to know
- 29:07you're going to say we talked about this in Ron's basement
- 29:10five years ago when nobody else was talking about it.
- 29:13I think it's the one of the future massive demand sources.
- 29:18Or silver. OK, it's getting crazy.
- 29:20By the way, this morning I was out and about, believe it or
- 29:23not, Susie upstairs. Susie let me out of the basement
- 29:26and I ran into one of our fellow basement dwellers.
- 29:29This nice guy, very nicely dressed, came up to me and he
- 29:33said you're a lot taller in person than you are on camera.
- 29:36And I'm like, uh oh, this guy must be a basement dweller.
- 29:41So I want to say hi to Bill, my local Saint Louis and and his
- 29:45lovely wife. He said, we watch you all the
- 29:47time. And I was like, well, that's
- 29:48awesome. But but something very
- 29:50interesting. Number one, this guy, he was
- 29:52good looking and very well put together, right?
- 29:55It goes back to this. Remember, this is what Google
- 29:58told me, that yellow highlight right there about this channel.
- 30:03Your audience is highly sophisticated.
- 30:06OK. But then he said you're a lot
- 30:08taller in person than you are on camera.
- 30:10And I was just waiting for him to also say and better looking,
- 30:13but that never came out. So anyway, hi Bill, welcome to
- 30:17the basement and hello to your wife as well.
- 30:20Where was I? Okay, the sleeper.
- 30:21And then we're going to talk about the Venezuela situation,
- 30:24the sleeper factor, and I won't spend too much time on this.
- 30:27I know people have different opinions on crypto, people have
- 30:30different opinions on gold and silver, no doubt.
- 30:33But there's a a, a factor that I think will become one of the
- 30:37biggest sources of demand for physical silver and it already
- 30:41is for gold. And that is as gold and silver
- 30:44are tokenized in the future, tokenized and backed 100% by
- 30:50real physical metal in real vaults.
- 30:53There's a great example of that going on right now.
- 30:56The company Tether has tokenized gold.
- 30:59It's called XAUT. Look, I'm not, I'm not making
- 31:02investment to advice given anything like that, but the X
- 31:06AU, it's tokenized gold. Each one token on the blockchain
- 31:11is backed by one real ounce of gold and a vault in Switzerland.
- 31:15And there's big benefits to this, right?
- 31:18People, you can take their gold wherever they want in the world.
- 31:20You can trade fractional amount. You can trade it 24 hours a day.
- 31:24The spreads between the buy and sell are like minuscule compared
- 31:28to going to those local coin shops, right?
- 31:31Take an ounce of silver, take an ounce of gold to your local coin
- 31:35shop and the price they're going to pay you for it is much less
- 31:39than what they're going to resell it for.
- 31:41You know, that's called the spread.
- 31:42So as we move into the future, I, I'm not, I'm not saying that
- 31:47you need to buy tokenized gold. I'm not telling you to buy the
- 31:50ETF. The SLVETF people have different
- 31:53opinions on that. That's great.
- 31:55But the SLVETF did significantly increase demand for physical
- 32:00silver. And the same thing is going to
- 32:02happen with tokenized gold and tokenized silver Tether, the
- 32:07company Tether that has the tokenized gold, they were
- 32:10outside of central banks. I forget was it over the last
- 32:13month or the last year? They were the biggest buyer of
- 32:16physical gold, OK, just behind the world central banks.
- 32:20And I believe the same thing is going to happen with silver,
- 32:24right? And it could create a massive
- 32:26way. That doesn't mean you have to
- 32:27buy it or buy that's fine. Everybody's different, right?
- 32:32If you don't hold it, you, I don't own it, but I'm just
- 32:34saying five years from now when we're down here, I firmly
- 32:38believe that we're going to be looking at that.
- 32:40Let's talk about what's going on with the in the geopolitical
- 32:45world with what happened over the weekend with Venezuela.
- 32:47As you know, I'm not a political channel.
- 32:50I'm not making statements pro or con or support or against.
- 32:53And I'm just reporting what happened.
- 32:55And I think there's two critical things.
- 32:57Number one, tonight's open. In the short term in the silver
- 33:01and gold market, I would expect fireworks and I don't want to be
- 33:04a Debbie Downer. I'm, I'm, I think it's about
- 33:075050 that when the market opens, we're going to see a big move up
- 33:11or possibly a big move down. Don't get mad at me.
- 33:14And that's OK if that happens because I've got good news and
- 33:18that is over the long term what the facts of what transpired
- 33:23over the weekend, I think are going to be very, very
- 33:26supportive for the gold price and the silver price as well.
- 33:32And there's a couple reasons why I think it's a similar situation
- 33:37with the United States making a bold move of actually taking
- 33:41over a country. It's kind of similar to what
- 33:43happened with the Russia Ukraine situation, but more from a
- 33:47perspective of when the Russia Ukraine situation happened of
- 33:51the West seized a lot of the Russian assets.
- 33:54Look, China, Russia, they're not happy about what went on in
- 33:57Venezuela. It's a big source of oil.
- 33:59You can read all into that all all that you want, but I I think
- 34:03what it's what happened was with Ukraine, Russia, when we seize
- 34:07those as people stop countries. I'm sorry, some countries, some
- 34:10around the world got scared instead of the United States can
- 34:14in the West can just see stuff from us.
- 34:16We don't they lost some comfort, let's say in in storing some of
- 34:22their central bank assets as the chart we looked at earlier
- 34:25showed us in cash in U.S. Treasury.
- 34:27So I think this is going to further divide the world.
- 34:31Unfortunately, I'm in favor of World Peace, but the reality of
- 34:35the facts of the matter is this will further divide the world
- 34:38and I think provide a very, very supportive environment, continue
- 34:43to provide a supportive environment for the precious
- 34:45metals. Other people are even saying,
- 34:48and I don't want any. I don't like violent but but but
- 34:50they're saying like, like now that the United States did this
- 34:53with Venezuela, maybe China will feel emboldened to go into
- 34:57Taiwan. You know, that's a tinderbox
- 35:00situation and maybe Russia will feel even more emboldened with
- 35:05their situation in Ukraine. All that aside, unfortunately,
- 35:11look, you know, we just look at the facts.
- 35:13The world is becoming more and more at odds with each other,
- 35:17the West versus the East. We know that in the precious
- 35:20metals markets, the East happens to be kind of exerting a lot of
- 35:24authority in the precious metals markets.
- 35:27And I think that what we're going to see is this all plays
- 35:30out right, is that it's going to be two, 5-10 years from now,
- 35:35continue to be a very supportive factor.
- 35:39Again, just reporting the facts for the price of the precious
- 35:42metals. And when you take a step back
- 35:45and look at these other fundamental reasons why we can
- 35:47be so excited about silver in particular, and we love gold, no
- 35:52doubt. We're super excited about it.
- 35:55I think the future looks very bright.
- 35:56I want to say thank you again for joining me today.
- 35:58Don't forget to subscribe to the channel.
- 36:00Take care, OK? It's going to be a crazy fun
- 36:03ride together. I appreciate you and I'll see
- 36:06you, yes, you next time.