Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER** You Best PAY ATTENTION to This! 💡 (Gold Price Also)

Transcript

**SILVER** You Best PAY ATTENTION to This! 💡 (Gold Price Also) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  $4000 silver I bet on a day like today.
• 0:05
  That sounds pretty good, right? The price of silver is getting
• 0:07
  clobbered this morning. But is there a chart that we can
• 0:11
  look at that indicates the price of silver could, I'll emphasize,
• 0:16
  could go to $4000 per oz. Let's start with this.
• 0:20
  What do you guys say? We need a little pick me up here
• 0:22
  this morning. This came from our friend the
• 0:25
  Silver Hermit. And I want to pull up a chart
• 0:29
  and then we'll go check out his page where you can get more
• 0:33
  information. But this is a chart he shared in
• 0:37
  a recent video for and he and he admits he's like, I know it
• 0:40
  sounds outlandish. I know it sounds crazy, but
• 0:43
  guys, this is a chart of the Dow Jones to silver ratio.
• 0:47
  It's real similar to the gold to silver ratio where we talk
• 0:51
  about, oh, you need 85 ounces of silver to get one ounce of gold.
• 0:58
  Kind of where things stand right now, I don't know.
• 1:00
  Looks like you need about 1400 ounces of silver to get one unit
• 1:06
  of the Dow Jones industrial average.
• 1:08
  He goes through this in great detail, but what he points out
• 1:11
  is that there's, you know, many times in the past and he looks
• 1:14
  at all the different economic cycles that we went through,
• 1:16
  World War 2, the 1960s, especially after they took
• 1:22
  silver out of the money, which was what, 1965 basically, and
• 1:28
  then looked at what happened to this ratio during periods of big
• 1:31
  inflation. Now what you want to see in this
• 1:33
  ratio, if you are an investor in silver's, you want it to go down
• 1:38
  because the lower it goes and I think it bottomed out at about
• 1:41
  18, it was the lowest that it ever got that it would take only
• 1:45
  18 ounces of silver to buy one unit of the Dow Jones Industrial
• 1:50
  Average. But as you can see, we are up
• 1:53
  very, very high here as well. So what he points out is that if
• 1:59
  you look and he does a lot of technical analysis on this and
• 2:03
  if you think about this period that we're going into where we
• 2:06
  could have sky high inflation, which would keep a lid on the
• 2:11
  Dow Jones industrial average. And hopefully I'm not putting
• 2:13
  words into his mouth, but that we could, if we have this high
• 2:16
  inflation and the Dow gets either pushed down or even just
• 2:20
  stays where it is around 40,000, that silver could just go to the
• 2:27
  moon. And then if you look at the
• 2:29
  charts there, there's an argument to be made that this
• 2:31
  could get back into that 18, even as low as 10 ounces of
• 2:36
  silver to get yourself one unit of the, of the Dow Jones
• 2:41
  Industrial average. And again, you know, how would
• 2:43
  this happen, right? Well, if we have super high
• 2:46
  inflation, right, that would cramp company profits.
• 2:49
  We have a recession that cramps company sales.
• 2:52
  If their costs are going up because of inflation and their
• 2:55
  sales are coming down, that's going to keep a lid on the Dow
• 2:58
  Jones industrial average. And again, could result in the
• 3:02
  silver price just skyrocketing from a couple of perspectives.
• 3:07
  One being that it is a hedge against high inflation.
• 3:10
  And secondly, that people would be lucky would be taking money
• 3:14
  out of the stock market and putting it into precious metal.
• 3:17
  So an interesting an interesting idea that he has and piece of
• 3:22
  analysis. Let me hold on here.
• 3:27
  Let's go out. I'm going to show you real
• 3:28
  quickly his page. Here it is.
• 3:32
  Here's the video, one of the videos he did in conjunction
• 3:35
  with Mountain Bullion. Great conversation.
• 3:38
  And here's the channel. Don't go out there now guys, but
• 3:42
  later on, remember the Silver Hermit, a really great guy, a
• 3:46
  really smart guy and a really great member of the precious
• 3:50
  metals community. And again, right, if we get, if
• 3:53
  we get what if the Dow were to go to 80,000 but silver went to
• 3:57
  8000, hey, we'd be OK with that. Right Now we are talking about
• 4:00
  extreme moves. And he, he brings that up and
• 4:04
  that it sounds outlandish, but if we get into an extreme
• 4:09
  monetary crisis in the United States, nobody knows for sure,
• 4:13
  right? I'm not necessarily calling for
• 4:15
  that, but I will not sit here and tell you that it's not out
• 4:18
  of the realm of possibilities. I mean, really, if you look at
• 4:21
  the US debt clock and you take one quick glance at the United
• 4:24
  States fiscal situation, it becomes very obvious.
• 4:27
  So silver's taking it on the cheek.
• 4:29
  Guys. Let's go out and take a look at
• 4:32
  the updated silver and gold price.
• 4:38
  OK, so gold. Well, we'll do an update here,
• 4:42
  OK, Gold did a little better, only down 20, now $2482.
• 4:47
  Silver down $0.62 to about $28.00 per oz.
• 4:53
  Hey, I I always say the good thing about days like this is if
• 4:56
  you're wanting to buy some silver, gold, or platinum group
• 4:59
  metals and you buy it on a day like today, the one thing you
• 5:02
  know for sure is that you got a better deal than if you'd bought
• 5:05
  it on Friday because prices are down.
• 5:08
  Not telling you what to do, not giving financial advice, but I
• 5:11
  will give you the advice that I think it'd be smart for you to
• 5:14
  consider pin backs if you are out shopping for gold, silver or
• 5:18
  platinum group metals. Ron's basement is not made
• 5:21
  possible or is made possible through the generous support of
• 5:24
  pin backs. I wouldn't be able to do this
• 5:26
  without their support, but I feel even better about the fact
• 5:30
  that I know they are doing the basement dweller community
• 5:33
  right. I've been overwhelming positive
• 5:36
  response over the last year from you guys regarding the price,
• 5:41
  regarding the quality and regarding your overall customer
• 5:44
  experience with pin backs. And please, please, please, if
• 5:47
  you ever decide to convert part or part port, port or part of an
• 5:51
  IRA into precious metals, take your time.
• 5:55
  Talk to a lot of people, talk to Penbacks.
• 5:58
  I think you'll be very surprised how much actual metal you can
• 6:02
  get from a company like Penbacks versus some of the other big,
• 6:07
  heavily advertised IRA conversion companies out there.
• 6:10
  But again, I'm not giving financial advice, just telling
• 6:13
  you what you might want to consider.
• 6:15
  OK, what about a silver squeeze? Hold on here, I forgot to put my
• 6:19
  phone on mute. A silver squeeze.
• 6:22
  A silver squeeze, we already know.
• 6:25
  We already know, OK, the industrial demand going through
• 6:30
  the roof, the Western investors going to show up for the party.
• 6:34
  Mine output is decreasing. I got a bunch of really cool
• 6:37
  charts to show you here, guys. But there's one big, huge factor
• 6:42
  that would fuel the Western investor would be big right when
• 6:45
  your neighbors come back into the silver market, into the gold
• 6:48
  market for that matter as well. But we're focused on silver
• 6:51
  right now that the Western investors a big deal, but what's
• 6:55
  even a bigger deal? And Ed Steer, who has followed
• 7:00
  the markets for decades, put up this chart.
• 7:04
  I want to show this to you. This is incredible, OK.
• 7:09
  This is the a chart that shows the eight largest banks, all
• 7:14
  right? And it's their days of world
• 7:18
  production to cover their short positions.
• 7:21
  So the Green line, and this is silver over here on the right,
• 7:24
  the big green line is the 8 largest traders, the eight
• 7:28
  largest banks. The red is the four largest.
• 7:31
  But just look at that green line.
• 7:33
  It would take right now 170 roughly days of world production
• 7:40
  of silver just to cover the short position that the eight
• 7:44
  largest banks have on the silver market.
• 7:47
  Think about that for a minute. Yeah, that's like that's a huge
• 7:50
  amount of silver, probably 300 million oz.
• 7:53
  But I hear a lot of people say it's 500 million.
• 7:57
  Regardless, it's a lot, a lot of silver.
• 8:00
  And if silver starts moving, right?
• 8:03
  And when they're short like that, that means they've sold
• 8:05
  it, right? They borrowed it and they sold
• 8:08
  it. That means at some point, they
• 8:10
  got to cover, right? They got to cover.
• 8:12
  They're short, which means they got to buy the silver back guys,
• 8:14
  if silver gets above that magic $30 range.
• 8:18
  Because remember, right, Ron Ron's basement basement dweller
• 8:23
  exclusive, I think hold on here. OK?
• 8:29
  Hopefully you guys can still hear me.
• 8:31
  I think $30 is the new all time high for silver.
• 8:36
  I know it's at 32 recently. I know it hit 50 a couple times
• 8:39
  in the past, but right, for all intents and purposes, I believe
• 8:44
  they're over $30.00. Will, will, will, will catalyze
• 8:49
  some major moves in the silver market this next time that we
• 8:53
  get above 30. I could be wrong.
• 8:55
  Don't make any financial decisions based on what I'm
• 8:58
  saying, but I listen to a lot of people, I talked to a lot of
• 9:02
  people. And when I look at what's going
• 9:05
  on, it becomes really clear to me that once we get above 30,
• 9:08
  this time, I think it's I think we're off to the races.
• 9:11
  I think we are off to the races. Let's look at this.
• 9:16
  This is very interesting about silver.
• 9:19
  Our friend bald guy, bald Guy Money, and I'm using this with
• 9:24
  his permission, had this in his most recent video.
• 9:28
  The total amount of gold and silver mined throughout history
• 9:33
  OK, 25, excuse me, 25 billion Troy ounces of silver have been
• 9:39
  mined throughout history. Most of that is gone or a lot of
• 9:43
  that is gone. OK, we're going to hear about
• 9:45
  that next. Almost 10 billion Troy ounces of
• 9:48
  gold. OK, and I'm crediting bald guy
• 9:50
  money YouTube channel here, but that basically means there's
• 9:55
  throughout history, there's been 2.5 ounces of silver for every
• 10:00
  one Troy ounce of gold, right? Two critical things to think
• 10:05
  about as we're looking at this. Number one, gold and silver are
• 10:10
  finite. I love that word finite gold and
• 10:15
  silver only there's only so much on the planet, right?
• 10:19
  25 what was that? 25 billion ounces of silver, 10
• 10:24
  billion ounces of gold, OK, it's finite.
• 10:27
  They can't make more. I mean, they've made trillions
• 10:30
  of pennies, trillions of paper dollars, trillions of of, of
• 10:33
  electronic dollars. They can't make any more than
• 10:38
  this right now. They're trying OK.
• 10:40
  And that's the other big key important thing to remember. 25
• 10:45
  billion oz 10 billion Troy oz. But what's also critical to
• 10:52
  remember is that demand for both gold and silver are increasing,
• 10:58
  right? Don't you see it right?
• 11:00
  It's it's happening right in front of our very eyes.
• 11:03
  Demand for both of the precious metals is you could say
• 11:07
  increasing significantly or possibly even sky rocketing,
• 11:12
  depending on how, depending on how dramatic you wish to be.
• 11:17
  But but so there's only so much of it.
• 11:20
  The other important part to remember is they can't find any
• 11:24
  more. OK, sure, they can find it, but
• 11:28
  it's becoming look at this chart.
• 11:29
  This, this, I think really drives the point home.
• 11:34
  This is a chart that shows the amount of money spent on gold
• 11:39
  exploration. But the same thing going on for
• 11:42
  silver. OK, since 1990.
• 11:45
  OK, explore exploration budgets in billions, right.
• 11:49
  And that is the, the, the, I'm sorry, the, the, the, the black
• 11:54
  line shows how much has been spent in billions.
• 11:58
  OK, so look at peak back in 2011 when we had, you know, they
• 12:02
  spent $10 billion. But do you notice something
• 12:05
  here? They're spending more and more
• 12:08
  money trying to discover gold, and the yellow line represents
• 12:13
  the actual amount of gold discovered.
• 12:16
  OK in millions of Oz. It is going down, down, down in
• 12:20
  the same exact situation exists with silver.
• 12:29
  Hold on a second here guys. Hopefully I'm not losing you.
• 12:32
  Can you guys still hear me? I tell you what, there's nothing
• 12:36
  like doing a live stream to yourself.
• 12:38
  I've been there, done that. Well, if you can hear me, it's a
• 12:41
  good time for me to say thank you for joining me.
• 12:43
  Please give this a thumbs up. It's easy to do, it's free, and
• 12:48
  I want you to subscribe to the channel 'cause we're trying to
• 12:50
  grow our subscriber base. Super chats are always super
• 12:53
  appreciated, but the most important thing is that we
• 12:56
  appreciate the fact that you've joined us here in the basement,
• 12:59
  Basement dweller. That's what we call each other.
• 13:02
  For those of you who are new, for those of you who've been
• 13:04
  coming around for years, thank you for being here.
• 13:06
  Really, right. We're a group of like minded
• 13:09
  people. You're welcome here.
• 13:11
  Please leave comments in the comments section.
• 13:14
  I'm going to comment on one of your comments later, as a matter
• 13:16
  of fact. OK, what about OK, so we covered
• 13:23
  that the amount of silver is finite.
• 13:28
  We covered that. The exploration is down.
• 13:32
  What about what about this? We need to we need to cover this
• 13:36
  once again. We talked about this a few weeks
• 13:39
  ago, but guys, silver is actually more scarce than gold.
• 13:44
  This comes from the Silver Academy.
• 13:46
  Our friend John Little says both underneath the surface and above
• 13:49
  ground stockpiles of silver and gold.
• 13:52
  Consider the following points. Above ground stockpiles, while
• 13:56
  gold is often perceived as rarer, right and more valuable,
• 14:00
  obviously about 85 times more valuable, the above ground
• 14:03
  stockpiles of silver are actually smaller than those of
• 14:07
  gold. It is estimated that there are
• 14:09
  about 7 billion ounces of gold above ground, whereas silver
• 14:14
  stockpiles above ground. And that's the silver that
• 14:16
  you're holding in your hand right now, my friends.
• 14:18
  Alright, my silver few oz. I keep here at the House that I
• 14:22
  that I can pick up and show you there's 7 billion ounces of
• 14:25
  gold, but there's only 3 billion ounces of silver.
• 14:30
  And he points out this is primarily because silver is
• 14:33
  consumed in various industrial applications and gold is mostly
• 14:39
  stored. So there's some debate on these
• 14:42
  numbers, but at the end of the day, guys, the fact remains that
• 14:46
  there's actually less silver above ground right now,
• 14:50
  according to a lot of the sources.
• 14:51
  Again, this point can be debated, but but you would think
• 14:55
  that there's like a ton more silver.
• 14:57
  You would think that there's 85 times more silver above ground
• 15:01
  than gold, but there's not, again, right.
• 15:05
  Silver Academy and a lot of other people said there's
• 15:08
  actually less above ground silver than there is gold.
• 15:11
  Does that make any sense? That doesn't make any sense.
• 15:15
  How can it be? How can gold be 85 times more
• 15:19
  expensive, but there's more gold available?
• 15:23
  Think about it. Right?
• 15:25
  Think about it. Yeah.
• 15:26
  And who says we're not going to have a silver squeeze?
• 15:30
  I believe we're going to have a silver squeeze.
• 15:32
  I think it's inevitable. You got the 8 big banks that are
• 15:35
  short 400, five, 100 million ounces of silver, right?
• 15:39
  You've got no silver being really discovered, very, very,
• 15:44
  very little. Just a few companies out there
• 15:47
  looking for silver, OK? And you've got the basic
• 15:51
  fundamental fact, right, that there's actually less silver
• 15:55
  above ground than gold. I don't know.
• 15:56
  Alright, something super interesting.
• 15:58
  I'm going to say that. Thank you to Jake from Jake's
• 16:01
  Custom Parts for pointing this out to me last night.
• 16:04
  Hold on one second here, guys. Jake and and I always, I say it
• 16:17
  wrong. It's either Vince, Vince Lancey,
• 16:20
  I'll say Vince Lancey pointed out a video that Vince Lancey
• 16:23
  did with the Daily Gold Jordan Roy Byrne.
• 16:27
  But there's something that happened in the precious metals
• 16:30
  market that Vince says he almost has never seen during his
• 16:33
  during, you know, it's very rare.
• 16:36
  The COMEX dropped the margin requirements on silver while
• 16:41
  simultaneously raising the margin requirements on gold.
• 16:45
  That basically means it makes silver, I guess from a leverage
• 16:49
  perspective, easier to leverage up.
• 16:53
  Like it more encourages people to buy silver.
• 16:56
  Whereas with gold, when they lower, I'm sorry, when they
• 16:59
  raise the margin requirements, that makes it you have to have
• 17:02
  more money in your account to own the, the contract.
• 17:05
  So something very unusual. And he made a point, right, that
• 17:09
  he's never, you know, I, I don't want to put words in his mouth,
• 17:12
  but basically that it's extremely unusual to have that
• 17:15
  happen. So thank you, basement dweller
• 17:18
  Jake from Jake's custom parts for pointing that out to me last
• 17:22
  night. Big let's go take a quick look
• 17:24
  at the silver market again and see what's happening because
• 17:26
  we're in big moves today. Guys, hold on here and don't
• 17:32
  worry, we've got a complete explanation of the US fiscal
• 17:36
  situation according to the Three Stooges.
• 17:39
  We'll get to that in just one second.
• 17:41
  Let's see how we're doing here. Down $0.60.
• 17:44
  We're getting better. All right, we're improving here.
• 17:48
  Here's kind of what they're saying about silver this
• 17:50
  morning. Silver drops to a two week low,
• 17:53
  very, very thin trading over the over the market and is
• 17:57
  amplifying market volatility. I don't know if that's carried
• 18:00
  through to these most recent hours.
• 18:02
  That was earlier today we had the bank holiday, all that good
• 18:06
  stuff. I'm not real worried about it,
• 18:08
  but but here's what's interesting.
• 18:10
  China put out some bad economic numbers apparently overnight
• 18:15
  their PMI is in contraction. That means their economy, PMI
• 18:19
  49.1, which is going to raise the man, raise concerns over
• 18:25
  Chinese industrial demand for silver.
• 18:27
  We talked about this. Be ready for something big to
• 18:32
  come out of China in the coming, let's say, six weeks.
• 18:35
  OK, Big news regarding stimulus in China.
• 18:40
  OK, money printing, Unicorn Park dust, whatever you want to call
• 18:45
  it. They're going to be taking a
• 18:47
  play out of Jerome Powell's playbook and we could see a
• 18:51
  massive stimulus program, excuse me, coming out of China in that.
• 18:56
  That will be very, very good for copper.
• 18:59
  That'll be good for silver as well, cuz silver's been kind of
• 19:03
  trading lockstep with copper lately, and it'll also be good
• 19:07
  for gold. Actually.
• 19:08
  Let's go take a look. We need to check on that.
• 19:12
  Hold on here, guys, Here we go. Let's go out and take a look at
• 19:16
  the copper price and see if that's an explanation as to why
• 19:22
  we're going to go to CEO dot. Yeah, Copper's down 3%.
• 19:26
  You can see right here in the middle of the screen, $4.08
• 19:30
  silver. Silver's been trading more
• 19:32
  lockstep with copper lately. Remember, silver's like, you
• 19:37
  know, like a torn between 2 lovers.
• 19:40
  It's, is that a love triangle? I don't know, I never really
• 19:44
  understood what a love triangle meant.
• 19:46
  Maybe because I've never been in one.
• 19:47
  I was just lucky that Susie loved me from Susie Silver,
• 19:50
  right? And thank you, Susie for being
• 19:52
  here. Thank you Silvershire for being
• 19:55
  here helping moderate. Thank you Annie Oakley.
• 19:57
  Thank you, Jakes custom parts. But silver is in a love
• 20:01
  triangle, right? It loves gold and it also loves
• 20:05
  copper. It's got that industrial it's
• 20:07
  like a like bipolar. It's got like a industrial side
• 20:11
  of its personality and a monetary side lately, right,
• 20:14
  it's been if it was a love triangle, it would be a little
• 20:17
  bit more in love with copper. So we're seeing silver trade and
• 20:21
  lock step with copper. That'll change, right,
• 20:25
  especially when inflation takes off again.
• 20:27
  It'll be very interesting. Have you seen hold on one second
• 20:40
  and I got AI got a 10 seconds 3 stooges clip.
• 20:43
  We're going to watch in a little bit that completely is hilarious
• 20:47
  and explains the US banking fiscal system.
• 20:51
  But let's just talk briefly. I, I, are you noticing what I am
• 20:55
  that this jobs report on Friday is like one of the most biggest
• 20:59
  hyped numbers that we've seen in a long time.
• 21:02
  It's like all that I'm when I do go to the mainstream media,
• 21:06
  Yahoo finance or CNBC or whatever, all the articles are
• 21:10
  about the big jobs number on Friday, because that's going to
• 21:13
  cement what the Fed does in their mid-september meeting with
• 21:18
  the interest rates and everybody's waiting on.
• 21:20
  I mean, I've never seen and I'm cracking up because I'm like,
• 21:25
  this is the number that we know is completely fudged.
• 21:28
  But nonetheless, guys, Friday's the biggest day in the history
• 21:31
  of the, of the world financial world because we're going to get
• 21:36
  the August jobs report and it will have a big, you know,
• 21:40
  unfortunately it will have a big impact on the precious metals
• 21:43
  prices on the general market. So we'll be, we'll be, we'll be
• 21:47
  looking at that. You guys surprised me.
• 21:49
  I told you, I always read your comments, basement dwellers, but
• 21:53
  we did a poll and I want to pull up this poll.
• 21:56
  You guys surprised me, I have to admit.
• 22:00
  Here's a poll that we did a few days back and I asked you guys,
• 22:04
  do you think the United States government is losing the battle
• 22:08
  over the gold standard? Learn more here.
• 22:10
  And that was a live stream that I've done where we talked about
• 22:13
  that. We had over 1000 people
• 22:17
  responded to this. And I have to admit, I was
• 22:20
  shocked, right? 90% of people basically said
• 22:25
  yes, that the US government is losing the battle against the
• 22:30
  gold standard. I mean, I, I would have thought
• 22:33
  that it maybe would have been like 60-40, maybe 7030.
• 22:37
  OK, only 9%, one, less than one in 10 people said no way
• 22:43
  precious metals are done. I'm telling you.
• 22:45
  And so thank, thank you everyone of you who participated in that
• 22:49
  poll. It gives us a good feel as to
• 22:51
  what's going on out there. But we are in the midst of a
• 22:55
  massive epic battle. Precious metals versus the
• 23:00
  dollar. OK, period.
• 23:05
  Do you believe it? We, we, even us, we got to pull
• 23:08
  our heads out of the sand a little bit like we've, we, we,
• 23:12
  we pulled our heads out of the out of the aquarium.
• 23:15
  Now we got to pull it out of the sand to realize that's what's
• 23:18
  going on, right? There is a big battle being
• 23:21
  waged right now between the dollar and gold because what
• 23:25
  else is there, right? Because when you say precious
• 23:29
  metals and you say the dollar, when you say precious metals,
• 23:32
  you're talking about gold and silver, platinum, Palladium, OK?
• 23:35
  When you talk about the dollar, you're talking about paper
• 23:39
  dollars, electronic dollars, U.S.
• 23:42
  Treasuries, right? Anything that's dollar oriented.
• 23:45
  And there is a massive, massive battle being waged right now.
• 23:51
  OK, they're not going to talk about it.
• 23:52
  Most likely on the what they do, they talk about D dollarization.
• 23:57
  But the big, the big key thing for us to to realize is that
• 24:01
  there's no other option. It's either you, if you're a
• 24:04
  country and you want to store some money, store some value.
• 24:09
  There's very, very few options outside of either the US dollar
• 24:14
  or precious metals, OK, very few options.
• 24:18
  And increasingly we know from the data that countries are
• 24:22
  moving away from wanting to put their reserve assets in dollars.
• 24:27
  You know, I mean, we know the whole D dollarization story.
• 24:30
  We know what's going on with the bricks.
• 24:32
  We know that on October 22nd and 23rd there's the biggest bricks.
• 24:36
  Meet some, I heard somebody talk about this last night that in
• 24:39
  the United States you did OK. We, you likely know what's going
• 24:44
  on with the bricks. You also likely know that
• 24:46
  there's this massive bricks meeting in October, October
• 24:50
  22nd, 23rd in Russia. 99% of Americans have no clue that
• 24:56
  that's going on. OK.
• 24:58
  But I heard someone say that in Russia, in China, everybody
• 25:02
  knows about it, that it's being really hyped up.
• 25:05
  That's what I'm hearing, right? I mean, they are serious about
• 25:08
  this. So there is this epic battle,
• 25:11
  but I'll, I'll argue to the to the death, right?
• 25:16
  I will, because it's what I believe that while this battle
• 25:20
  is going on, right? What does the dollar have on its
• 25:22
  side? What is the dollar?
• 25:24
  It's got a big army. It's got an aircraft carriers,
• 25:27
  yes, all that great stuff, right?
• 25:29
  The world hegemony, which does mean something, but it also has
• 25:33
  $35 trillion of debt. OK, that's what the US dollar
• 25:39
  has $35 trillion net, another 200 trillion in unfunded
• 25:44
  liabilities. OK, what are what the precious
• 25:49
  metals have on their side? If we just focus in on gold and
• 25:51
  silver 04000, what do you think? 4000 years, 5000 years of
• 25:58
  history, the United States dollar has what, a couple 100
• 26:02
  years of history, if that. And I think actually we could
• 26:06
  argue something even more important about the dollar and
• 26:09
  that is really the current dollar only has about 50 years
• 26:13
  of history because up until 1971 it was backed by gold, right?
• 26:19
  It wasn't until 1971 that they took the gold.
• 26:22
  So really, if you're talking about this, this battle for
• 26:26
  supremacy that battles, maybe it's a battle, right?
• 26:31
  The dollar's only been at it for 50 years, right?
• 26:34
  Cool. It's I mean, it's it's really
• 26:37
  really to me clear, clear evidence as to where the real
• 26:44
  true value where I want to have, you know, if I'm going to store
• 26:47
  some wealth where I want to store my wealth.
• 26:49
  Let's go check out the three Stooges guys.
• 26:51
  This is great. OK, this there's, there's going
• 26:57
  around and it talks about, some people say it talks about
• 27:00
  there's they bash the Republican, some dash that
• 27:03
  Democrats. I think this is basically a
• 27:05
  statement on the whole US fiscal policy independent of political
• 27:11
  party. But this is funny.
• 27:13
  This explains the US debt clock. This explains what's going on in
• 27:17
  Washington, DC right now. And it only takes 30 seconds.
• 27:21
  So we turn on the volume. Let's bring this up and here we
• 27:29
  go. OK.
• 27:31
  How the banking system works hopefully you guys.
• 27:34
  And Speaking of money, how about the 20 bucks you owe me?
• 27:36
  Oh yeah. Back how the banking system.
• 27:40
  And Speaking of money, how about the 20 bucks you owe me?
• 27:42
  Oh, yeah? Well, I only got 10, so here's
• 27:44
  10. I owe you 10.
• 27:45
  Hey, Moe, you owe me 20. Well, here's 10.
• 27:48
  I owe you 10. You owe me 20.
• 27:50
  Here's 10. I owe you 10.
• 27:51
  Here's the 10 I owe you. Here's a 10 IOU.
• 27:54
  Here's a 10 IOU. Good, now we're all even.
• 28:01
  Maybe you've seen that before. I had never seen that.
• 28:05
  And I thought that was just absolutely, you know, we can
• 28:08
  look at the US debt clock, right?
• 28:10
  But I mean, that isn't that kind of a way that our banking system
• 28:13
  works, our financial system, right?
• 28:16
  It's all make believe, it's all synthetic, right?
• 28:19
  John Exter taught us extras Pyramid silver and gold are like
• 28:24
  the foundation, right? The cornerstone of the entire
• 28:28
  financial system. All this other stuff is just
• 28:30
  IOUSIOUSIOUS, right? I'll borrow from you and the pay
• 28:35
  you and then borrow back from you.
• 28:37
  And I mean, it really is in that.
• 28:39
  And unfortunately, it is now grown to the point where it's
• 28:43
  really not manageable. And I believe that we will see
• 28:46
  silver and gold absolutely prevail.
• 28:49
  Let's go out and do a quick check one more time here on the
• 28:52
  silver and gold price. We'll press the pin backs magic
• 28:55
  button. Hey, all right, guys, we're
• 28:58
  going to be gold's down 15. I think when we started today,
• 29:01
  we were down 20. Not too bad.
• 29:03
  Not too bad. OK, let's see what C130 says.
• 29:12
  So if my electric bill is higher than yours and you owe me money
• 29:15
  for something, you pay my electric bill and I pay yours.
• 29:18
  Except we don't pay them. We just exchange.
• 29:21
  Yeah, exactly. Yes.
• 29:23
  Yes. Yes.
• 29:24
  All right, guys. Hey, thank you for being here.
• 29:26
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• 29:29
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• 29:32
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• 29:35
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• 29:38
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• 29:42
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• 29:45
  And thank you to Fortuna Mining, right.
• 29:47
  There are gold and silver mining company with active operations
• 29:51
  in Latin America, both gold and silver, and West Africa where
• 29:56
  they're mining a lot of gold. Take care of yourself, OK?
• 30:00
  I'll look forward to seeing you next time.
• 30:02
  Thank you to the moderators, thank you to you, right?
• 30:05
  It's you too. It's your time.
• 30:07
  It's valuable, and we appreciate you spending some with us this
• 30:10
  morning. Have a great day.