Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨The UNTHINKABLE is Happening!🚨 - Silver & Gold Investors Better Listen! - (PRICE News + Iran)

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🚨The UNTHINKABLE is Happening!🚨 - Silver & Gold Investors Better Listen! - (PRICE News + Iran) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  The unthinkable silver squeeze, but will it be triggered by
• 0:04
  something that none of us are thinking about?
• 0:07
  Isn't that the way it usually happens in life?
• 0:10
  A big catalyst occurs that nobody saw coming.
• 0:14
  Plus, we got major events in the world, massive stories, very
• 0:17
  interesting developments overall in the world of metals.
• 0:21
  A number of critical things happening.
• 0:23
  A metals mania all around the world.
• 0:26
  Yes, we're going to focus on silver and gold.
• 0:29
  But guys, it's happening everywhere and it's all
• 0:31
  interrelated and we're going to talk about it all together.
• 0:35
  And some scary bad situation developing in the United States.
• 0:38
  We'll cover that as well. But let's go out and check on
• 0:41
  the big story right now. The big headline.
• 0:45
  Apparently the negotiations in Iran did not go well.
• 0:48
  And now we have President Donald Trump saying that he's going to
• 0:51
  blockade the Straits of Hormuz. This is major, major news.
• 0:57
  Be prepared right for a lot of volatility in the coming weeks.
• 1:01
  We predicted this. We talked about it.
• 1:04
  They're now saying that they're gonna put US minesweepers in the
• 1:07
  Straits of Hormuz. So Iran is claiming they won.
• 1:10
  We're claiming we won. We got more information about
• 1:13
  Iran that we're going to talk about later in regards to what
• 1:16
  it's doing to the overall metals markets.
• 1:19
  This is all interrelated, guys. And tonight's open for silver
• 1:24
  and gold and the general markets.
• 1:26
  Be ready for volatility. Be ready for volatility in the
• 1:30
  coming weeks. There's a lot of noise out there
• 1:32
  going on right now. Short term noise, remember what
• 1:36
  we talked about? Critical for us to keep our eye
• 1:39
  on the long term fundamentals when it comes to the silver and
• 1:43
  gold situation. Let's talk about the silver
• 1:46
  squeeze because we have a new angle on what could actually
• 1:50
  trigger a massive silver squeeze and it could potentially happen
• 1:55
  very soon. This is something I'd never
• 1:57
  thought about, you likely have never heard about either, and it
• 2:00
  comes from a major reliable source.
• 2:03
  A guy named Phil Streibel do I have a ton of respect for.
• 2:07
  I've actually, if I remember correctly, a couple years ago
• 2:10
  had him. I used to have guest on in the
• 2:12
  basement, had him on. He's an awesome guy.
• 2:14
  He's with blue line futures. He's bringing up something
• 2:19
  that's big for silver. This comes from Kitco.
• 2:21
  OK, China's acid ban, the hidden trigger for silver's next
• 2:28
  squeeze. Guys, we have not had a squeeze
• 2:31
  in silver. What happened back in January
• 2:33
  and February was a little mania event, maybe a squeeze like a
• 2:38
  semi squeeze, but not a real squeeze.
• 2:41
  But let's dig into what Phil's telling us, which is something
• 2:44
  that's out of the blue. I've not heard anybody else
• 2:47
  talking about, but it makes perfect sense.
• 2:51
  He says most investors watching silver right now are focused on
• 2:56
  geopolitical tensions, safe haven demand and the green
• 3:00
  energy transition. But a potential development out
• 3:03
  of Beijing over the next few weeks could be the most
• 3:07
  consequential supply shock nobody in the silver market is
• 3:12
  talking about yet. Well, we're talking about it
• 3:15
  thanks to you, Phil. China could be set to ban
• 3:20
  exports of sulfur, sulfuric acid starting next month.
• 3:24
  On the surface, that sounds like a chemical story, but it's not.
• 3:29
  It's a big silver story because the connection nobody's making
• 3:35
  is that sulfuric acid is the lifeblood of copper mining.
• 3:40
  Well, what does that have to do with silver?
• 3:42
  Hold on guys, this is where it gets interesting.
• 3:45
  No acid could mean no copper, right?
• 3:49
  Do you need sulfuric acid to to refine copper from ore into
• 3:53
  finished copper? China supplied 4.6 million tons
• 3:57
  in 2025. Excuse me, with 32% of it going
• 4:02
  to Chile alone. And now that supply could be
• 4:05
  gone, look at the copper prices suspiciously starting to move
• 4:10
  up. Less copper.
• 4:12
  This is where it relates to silver.
• 4:15
  Less copper mined means less silver produced.
• 4:19
  Approximately 70% of newly mined silver is a byproduct of copper
• 4:26
  mining. I didn't realize it was that
• 4:28
  high. I thought more of it came from
• 4:29
  zinc and lead, but apparently 70% of all new silver comes from
• 4:34
  copper mining. When copper output slows, silver
• 4:37
  supply slows with it. And with the Strait of Hormuz
• 4:41
  disruption already squeezing elemental sulfur needed to
• 4:45
  manufacture acid independently. Copper mining.
• 4:49
  Copper mining in these regions have nowhere left to turn.
• 4:55
  The silver market has already was already running at a big
• 4:58
  structural deficit with 2026 marking the 6th consecutive year
• 5:03
  demand has exceeded newly mined supply.
• 5:06
  Now add a structural reduction in by product silver.
• 5:10
  But that's 70% right OK from acid starved copper mines.
• 5:16
  Industrial buyers who cannot substitute away from silver in
• 5:20
  solar panels and EVs where the demand is exploding may find
• 5:25
  themselves competing for whatever physical silver metal
• 5:30
  remains. That competition is what could
• 5:33
  turn a supply deficit into a price event.
• 5:38
  Also known as there's still down there.
• 5:41
  Great guy, super guy. Wow, this is to me is is like
• 5:46
  big breaking news for the world of silver.
• 5:50
  Let me get you back on the screen, guys.
• 5:53
  If they, if copper mining gets restricted, we're already what
• 5:57
  he's saying is we're already in a super tight situation.
• 6:00
  Things were already looking great for silver and I feel
• 6:04
  sorry for the copper miners, but if they got a decrease
• 6:07
  production, that will have a major impact on the supply of
• 6:12
  silver coming into the market. And these big events, think
• 6:16
  about it, all these people and nothing against them that are
• 6:19
  always analyzing all these reports from the LBMA and the
• 6:23
  COMEX and they've been doing it for years, right?
• 6:25
  And they're, and they're right with what they're doing.
• 6:28
  But usually a big event that triggers something like a
• 6:32
  massive silver squeeze, right? Usually the catalyst comes from
• 6:37
  out of left field. And this is out of left field.
• 6:40
  Big kudos. And I encourage you to thank
• 6:44
  Phil Streibel for this information as well.
• 6:47
  We'll see how it plays out. It's going to happen here in the
• 6:49
  coming weeks and months. But the sulfuric acid story
• 6:53
  could be the next massive story for a silver squeeze.
• 6:57
  OK, We don't need a squeeze. It'll be great.
• 6:59
  It'd be a lot of fun, right? Hey, you know, right when this 5
• 7:04
  oz silver bar triples in price because of the silver squeeze,
• 7:09
  it's it is crazy what is going on out there in the world right
• 7:13
  now. Let's go to China.
• 7:14
  We got a lot of medals stories that are all going to be tied
• 7:17
  together. And then I got a special
• 7:19
  presentation that I put together for you as well.
• 7:22
  But let's go to China real quick.
• 7:25
  It's coming at us from everywhere.
• 7:27
  This comes from the ECB Financial Group.
• 7:30
  OK, Why is China accumulating so much silver?
• 7:34
  The AI critical mineral war. This is a great article.
• 7:38
  I'm not going to bore you with going through all the details,
• 7:41
  but I have a couple highlights. They said in summary, China's
• 7:45
  actions China is piling up silver in restricting the export
• 7:49
  of silver. And those actions reflect how
• 7:53
  silver's how the how China's industrial sector now treats
• 7:57
  silver as indispensable, unwilling to risk relying on
• 8:03
  unpredictable global supplies. So they're gobbling it all up
• 8:07
  themselves. They're sucking it in from the
• 8:09
  comex in the LVMA, Oxford Economics draws the same
• 8:14
  conclusion. It calls silver quote A next
• 8:18
  generation metal for its role in data centers, AI systems,
• 8:23
  electric vehicles and solar energy.
• 8:26
  Silver demand now depends on digital and energy
• 8:31
  infrastructure, not just manufacturing or jewelry.
• 8:36
  OK. And on top of that, guys, let's
• 8:39
  remember something very critical that all these people aren't
• 8:42
  even talking about. Silver is also the original
• 8:46
  monetary metal of the world. Silver is still a monetary
• 8:51
  metal. Why do you think all the world
• 8:52
  think about it? I'll give you an example.
• 8:54
  Why do you think all the world's sovereign mints, the UK mint,
• 8:58
  the US mint makes American silver eagles, the Australian
• 9:01
  mint makes Kangaroos. I mean, mints, they're all over
• 9:04
  the world. Sovereign mints that still make
• 9:06
  silver coins that have a monetary value attached to them,
• 9:11
  right? It's BS.
• 9:12
  It's too low and you know that a silver dollar, but still, right?
• 9:16
  Everything they're talking about on top of that, right on top of
• 9:21
  that, silver still has its monetary metal.
• 9:23
  Now let's get back to let's get back to copper because these
• 9:27
  copper mines are showing big, big stress.
• 9:29
  And remember, apparently most silver that comes into the world
• 9:35
  comes from copper mining. Let's run over to Chile quickly.
• 9:39
  We're going to little field trip to Chile and we're going to go
• 9:42
  out here to mining.com pointing out the copper out from the
• 9:46
  Codelco. What's Codelco?
• 9:48
  You're going to find out. Down nearly 10% in February.
• 9:52
  Copper production from Chilean state-run miner Cadelco fell
• 9:59
  almost 10% year on year in February.
• 10:02
  OK production at BHP. That's the world's biggest miner
• 10:06
  as far as I know. Escondida mine, the world's
• 10:08
  largest copper mine. The world's largest copper mine
• 10:14
  fell by 7.4% and one of them went up 1 brand by.
• 10:19
  But the big take away here, right guys is that most silver
• 10:23
  is coming from copper mining and even copper mining now.
• 10:26
  And it's potentially with the sulfuric acid situation going to
• 10:30
  get worse. Copper mines are struggling.
• 10:33
  OK, Now here, look at this. This is fascinating.
• 10:36
  Came from this guy could I marrying Catoosa, who I used to
• 10:40
  follow a lot, but he just doesn't put out as much info as
• 10:44
  he used to. But Catoosa research shares this
• 10:47
  with us. Silver's hostage situation Of
• 10:51
  the 10 largest silver mines on the planet.
• 10:55
  OK, the ten largest silver mines on the whole planet, only two
• 11:00
  actually run on silver economics.
• 11:03
  Only two are actually silver primary mines.
• 11:07
  The other eight would keep digging even if silver went to
• 11:11
  zero. OK, and what he shows on this
• 11:14
  chart, right, The green ones, the green bars right here want
• 11:18
  want wants it wants ipio that's in Mexico, I believe and I
• 11:22
  Sasido, I believe is also in Mexico.
• 11:25
  Those two are the only two primary silver mines.
• 11:28
  Look at this one that's I think in Poland KGHM that they make
• 11:33
  43,000,000 ounces of silver per year.
• 11:38
  The second one, Penasquito, makes 32.
• 11:41
  That's 10%. These two together, that's 10%
• 11:44
  of the world's silver production.
• 11:46
  That comes from mines that aren't even silver mines.
• 11:50
  They're making that silver on accident.
• 11:54
  Excuse me, Sorry about that. They're making that silver on
• 12:01
  accident, right? They're making that silver by
• 12:04
  mistake. They're making that silver as a
• 12:09
  byproduct. Silver is just incredible.
• 12:11
  OK, And the other cool thing to remember about about silver and
• 12:15
  copper as well, all but copper right where all this all the
• 12:19
  easy copper is already been found.
• 12:21
  The new copper mines take like decades and decades to build in
• 12:25
  this in the in the copper is is way down deeper.
• 12:29
  All the easy copper has been mined.
• 12:32
  The other critical thing to remember when it comes to copper
• 12:35
  and silver is that these new mines are deeper.
• 12:39
  Excuse me, I apologize. It's been said and and it's been
• 12:45
  proven that the deeper newer copper deposits, they don't even
• 12:49
  have this much silver that are included in them as the as the
• 12:54
  previous ones that were closer to the surface.
• 12:57
  I heard Ross Beatty say that not too long ago.
• 13:00
  OK. And OK, more metal mania, more
• 13:03
  metal craziness. And then we're going to tie it
• 13:05
  all together, guys. This came right this big
• 13:08
  breaking news from Zero hedge Metal shock.
• 13:12
  The Gulf's largest aluminum producer declares force majeure.
• 13:16
  It's happening everywhere in all the metals.
• 13:19
  The Gulf's largest aluminum producer halted operations at
• 13:23
  its Al Tawishi smelter following Iranian missile and drone
• 13:27
  strikes. The EGA now has declared force
• 13:30
  majeure on parts of its contract book, signaling that supply
• 13:34
  chain disruptions are spreading beyond energy markets and into
• 13:38
  industrial metals. Now think about that within the
• 13:41
  context of That has already happened, OK, that's already
• 13:45
  happened. Just based on what's happened
• 13:47
  already in the Middle East. Now we get news today that
• 13:50
  things are, I don't know how else to say it, but I don't say
• 13:54
  escalating. I don't want to be overdramatic,
• 13:57
  but the United States is talking about a blockade of the Straits
• 14:00
  of Hormuz. Are you kidding me?
• 14:02
  And then we're going to look at something that I ran just said.
• 14:05
  Then we're going to talk about how all these metals are tied
• 14:07
  together. Guys, this is going to impact
• 14:10
  the silver, the sulfuric acid story that Phil Stribal shared
• 14:13
  with us. It's crazy.
• 14:14
  But let's just go out just to show how dramatic how how crazy
• 14:19
  the situation is in the Gulf. Mario Naufal, right, massive
• 14:23
  guy. And he talks about gold and
• 14:24
  silver a lot. 3,000,000 followers is quoting what Iran
• 14:29
  put out there. Iran releases a blistering
• 14:32
  statement after 21 hours of talks collapse.
• 14:36
  So JD Vance went over to where was it Pakistan or Turkey, I
• 14:40
  forget which one. They were trying to work this
• 14:42
  out. It didn't work out.
• 14:43
  This is what Iran had to say. The American enemy, which is
• 14:48
  vile, wicked and dishonest, attempted to achieve on the
• 14:52
  negotiate negotiating table what it could not achieve achieve
• 14:56
  throughout the war. Iran has decided to reject these
• 15:00
  terms and continue the sacred defense of its fatherland by any
• 15:08
  means necessary, military or diplomatic.
• 15:11
  That's the IRGC calling the United States vile, wicked and
• 15:16
  dishonest only minutes after Vice President JD Vance boarded
• 15:21
  American Air Force 2. Think about where we are right
• 15:24
  now with the metals. Mix up the metals mania in the
• 15:28
  world, right? And think about where the
• 15:30
  situation could be headed. I'm not a political channel.
• 15:33
  I'm not a war channel. I'm just reporting what's going
• 15:37
  on. And it's not looking very
• 15:38
  pretty. But it's not just silver.
• 15:40
  It's not just copper. It's not just aluminum, it's
• 15:43
  uranium and it's other metals, some of which you may have never
• 15:46
  heard of. So stay tuned, right?
• 15:48
  We are in what I'm calling the E&E economy when it comes to the
• 15:52
  metals energy. This is a Ron's basement
• 15:55
  exclusive energy and electrification.
• 15:58
  OK, I got a little video of a special sponsor of today's live
• 16:02
  stream, Vanguard Mining, that I put together that talks about
• 16:06
  how all these metals are being affected.
• 16:09
  It was already majorly affected before the war, but now think
• 16:13
  about all of this in the context of what's going on.
• 16:16
  I'll be right back in just 5 minutes.
• 16:18
  This is a fascinating presentation.
• 16:20
  I hope you operation at Big Fury is exposing the catastrophic
• 16:25
  risk of relying on China for 80 to 90% of critical minerals and
• 16:30
  on oil choke points that are held hostage.
• 16:34
  Trump's administration launched the most aggressive decoupling
• 16:37
  in history, tariffs, $12 billion stockpiles, new allied supply
• 16:43
  packs and lightning fast domestic permitting For decades
• 16:48
  the West gave away its security and now the United States is
• 16:52
  playing catch up to revive its mining industry.
• 16:56
  This creates incredible opportunities in my view,
• 17:00
  friend. Shoring is replacing China,
• 17:03
  sourcing it neck speed, creating the greatest supply chain
• 17:07
  realignment since World War 2. At the heart of it all are gold,
• 17:12
  copper, uranium, lithium and molybdenum.
• 17:16
  I'm going to drop some incredible information on you in
• 17:19
  the next few minutes. So much work is ahead of us to
• 17:22
  bring security and minerals to the industrialized world and
• 17:27
  back to America. Consider that we know Trump
• 17:30
  recently enacted 50% tariffs on copper, China restricting
• 17:36
  exports of rare earth minerals just in October, and China
• 17:41
  recently announced restrictions on silver.
• 17:44
  I want to show you that in lithium, uranium and in a
• 17:48
  strategic and rarely talked about mineral, China commands
• 17:52
  major leverage over the West. Copper, gold, lithium, uranium,
• 17:58
  and for the first time, molybdenum are five key minerals
• 18:02
  that today's sponsor, Vanguard Mining, ticker symbol UUUFF on
• 18:08
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• 18:41
  it comes to the Chinese dominance over these metals,
• 18:45
  starting with lithium whose price nosedive by 90% bottoming
• 18:50
  in June of 2025, but his already doubled since the lithium winter
• 18:57
  is officially over. China's stranglehold on lithium
• 19:01
  is most evident in refining and processing, where it controls a
• 19:06
  commanding share of global capacity.
• 19:09
  China processes 60 to 70% of the world's lithium chemicals,
• 19:15
  including lithium carbonate and hydroxide.
• 19:18
  Taken together, China's lithium stranglehold is a three layered
• 19:23
  system processing dominance, battery supply chain scale, and
• 19:28
  the ability to tighten the screws via export restrictions.
• 19:33
  Next, let's look at copper, where China imports about 60% of
• 19:38
  global copper ore and unrefined copper and produces more than
• 19:44
  45% of the world's refined copper.
• 19:48
  On consumption, China consumes about 58% of the world's refined
• 19:54
  copper. China's copper stranglehold via
• 19:58
  refining, monopoly or imports, massive consumption and
• 20:02
  procurement leverage, positions it as a gatekeeper for global
• 20:07
  electrification. China also holds a profound
• 20:11
  stranglehold on molybdenum, dominating primary production
• 20:15
  and leveraging export restrictions to control global
• 20:19
  availability while consuming a large share domestically for its
• 20:23
  steel industry. China accounts for 42 to 45% of
• 20:28
  global molybdenum output. The most alarming development is
• 20:32
  China's recent export crackdown. In 2025, Chinese authorities
• 20:37
  introduced strict export controls on molybdenum powders
• 20:42
  and related alloys. Exports to the West collapse by
• 20:46
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  Vanguard Mining is huge on my list.
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  Kamloops mining district. Vanguard Mining identified 2 new
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  gold copper soil anomalies at Brussels Creek as gold trades
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  higher in copper. Fundamentals are strengthening
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  uranium as the United States looks to decouple from foreign
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  supply chain vulnerabilities. The mandate is clear, secure
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  Uranium at any cost. The real X Factor isn't just
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  This is why we have identified Vanguard Mining.
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  There's never been a better time for uranium in my view.
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  They control over 90,000 hectares in Paraguay's Piranha
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  suppliers. Vanguard Mining has brilliantly
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  Coquitos One offers direct exposure to Argentina's world
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  class salars. Lithium has nearly tripled since
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  June of 2025. There's never been a better
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  time. Copper and molybdenum.
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  Molybdenum is indispensable. It strengthens steel, critical
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  for pipelines, defense systems, aerospace and energy
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  infrastructure. Vanguard Mining's inclusion of
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• 23:00
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  UUUFF is simultaneously exploring for uranium, copper,
• 23:15
  lithium, gold and molybdenum. All right guys, we are
• 23:21
  experiencing like a realignment, a revaluation of the world
• 23:26
  geopolitical metals market. OK, it's going to be a wild
• 23:30
  year, five years, 10 years ahead for us.
• 23:35
  Always. Please also remember I'm not a
• 23:37
  financial advisor that are always do your own research
• 23:39
  whether we're talking about gold, silver, stocks, bonds,
• 23:42
  mutual funds, all that great stuff.
• 23:44
  But I think we're in for a very scary time ahead.
• 23:47
  We're going to talk about what it happens to silver when the
• 23:50
  market crashes, but are we headed for a market crash?
• 23:53
  And we also have this news story that, again, very few people are
• 23:58
  talking about that came out after the market closes on
• 24:01
  Friday that I think could be a little hint about what's to
• 24:05
  come. So yesterday we talked about
• 24:09
  we're going to talk about the US economy and some scary things,
• 24:12
  OK? We talked about bad signs from
• 24:14
  Home Depot, right, shifting consumers with Walmart, even the
• 24:18
  dollar store, even CarMax, the world's biggest used car dealer,
• 24:22
  signaling big, big trouble. But I look at this because it's
• 24:26
  critical. There's a reason why we're going
• 24:28
  to look at this massive news story that came out about
• 24:31
  consumer confidence. That's because the United States
• 24:35
  economy is a consumer driven economy.
• 24:38
  Our economy is not manufacturing based.
• 24:40
  Our economy has become consumer based.
• 24:43
  And we have some shocking, shocking information that came
• 24:47
  out yesterday. Hold on here now, we got it.
• 24:53
  All right, hold on, hold on. Stay with me.
• 24:55
  I don't have my upstairs Susie today.
• 24:57
  Here we go from metals and miners.
• 25:00
  Get ready, guys. Consumer sentiment went to a
• 25:02
  record low. We're going to look at that.
• 25:05
  We also heard we have high inflation, 3.3% CPI, right,
• 25:10
  Inflation going up. Trump put out this tweet about a
• 25:13
  powerful reset. OK, the inflationary imperative,
• 25:17
  the, and then we have the 125% debt to GDP situation and it is
• 25:24
  the age of hard assets. But what we want to look at is
• 25:27
  this right here, this is the index of consumer sentiment that
• 25:32
  we got yesterday. The worst reading.
• 25:34
  This goes all the way back to the early 1960s, maybe even the
• 25:38
  1950s. We have had the worst reading
• 25:43
  right Since apparently they've ever started taking it.
• 25:46
  That is a huge deal because our economy, that's the worst
• 25:50
  reading ever. OK, we were right up here not
• 25:53
  too long ago. Here we are all the way down
• 25:56
  there. That signals that there's
• 25:58
  massive trouble in the US economy because we are a
• 26:02
  consumer driven economy. We, we, we borrowed money,
• 26:07
  trillions of dollars for all these years and, and bought
• 26:11
  things and it kept the economy going.
• 26:13
  That's credit cards, all the debt that we have, all the car
• 26:18
  loans, everything else, it's all coming home to roost.
• 26:21
  Think about that, right? That's what the University of
• 26:23
  Michigan, that's the worst reading like looks like in the
• 26:27
  history that they've been taking it.
• 26:29
  OK, we know what the guys are saying about CarMax.
• 26:32
  This is not a good sign about what is happening in the US
• 26:36
  economy. Couple that right with just the
• 26:39
  devaluation of the dollar because of the debt level, we're
• 26:42
  going to bounce around a little bit, but this is incredible.
• 26:46
  This one shocked me as well. Lawrence McDonald pointed this
• 26:49
  out. Never, ever forget that over 40%
• 26:53
  of all U.S. dollars ever created were done so between 2020 and
• 26:59
  2022. Yet, right.
• 27:02
  This is why we don't believe central bankers, because central
• 27:05
  bankers and Wall Street research lectured against hard asset
• 27:09
  portfolios and dramatically downplayed currency debasement.
• 27:14
  OK, That's the debasement trade that now everybody's talking
• 27:18
  about. We coined that term years ago
• 27:21
  down here, Ron's basement. We called it the debasement
• 27:24
  trade and look at that, that right, he draws it on this
• 27:27
  picture, but that's a 40% increase in the supply of U.S.
• 27:32
  dollars. How is that being manifested?
• 27:35
  Right, The all important inflation numbers, Peter Schiff,
• 27:38
  right? This is a real simple way to
• 27:40
  look at it. the US Post Office will raise the price of a stamp
• 27:44
  by 5% in July to 82 cents. That means the cost to mail a
• 27:49
  letter will have risen by 49% in six years.
• 27:53
  That's 8% per year and likely represents a better proxy or
• 27:58
  example than the CPI for the increase in the cost of living
• 28:03
  over that time. Thank you, Fed.
• 28:06
  Right. And doesn't that seem, does it
• 28:08
  feel that way to you, right, over the last six years,
• 28:12
  basically what he's saying, the price of a stamp in six years
• 28:15
  went up by 50%. And doesn't it feel that way to
• 28:19
  you when you go to the grocery store or the gas station or you
• 28:22
  got to pay a homeowner's insurance bill or your health
• 28:25
  insurance bill? Like, doesn't it feel like in
• 28:27
  the last six years, everything's gone up by at least 50%?
• 28:32
  I mean, it has, right? Yet the government says, oh, no,
• 28:35
  we had 9% inflation one year, and then since then it's been
• 28:38
  2.3 percent, 2.4%. No, wrong, right?
• 28:43
  What we are experiencing, OK, Look, this is so exciting for
• 28:47
  the metals because like we talked about earlier, just the
• 28:49
  kind of the global geopolitical situation and what it's doing
• 28:53
  with the metals. But then on top of it, what we
• 28:56
  don't like, right, What's happened with the dollar, the
• 28:59
  devaluation, the debasement, yeah, this basement, Rons
• 29:03
  basement of the dollar is telling us, right, that the,
• 29:06
  that, that silver and gold and look at the gold price.
• 29:09
  Look at the silver price over the last six years.
• 29:12
  You know what, let's go out and look at it, right?
• 29:14
  We know the cost of a stamp went up by 50%.
• 29:17
  We know that the cost of everything went up by 50%.
• 29:21
  Let's go. I'm going to do this live.
• 29:23
  Let's go look and see what the price of silver did over the
• 29:25
  last six years. I'm taking a risk here.
• 29:28
  I could be proven to be to look foolish by doing this.
• 29:32
  But we're going to go to CNBC. We'll go out and go to the metal
• 29:36
  section. We'll go to gold.
• 29:38
  Here we go. And then we will go to silver in
• 29:43
  the futures market. Wow, closed on Friday at $76.48.
• 29:49
  Let's just look at five years, OK?
• 29:52
  Oh, yeah. Do you think five years ago
• 29:55
  silver was at $26? So let's see if we can get six
• 30:01
  years on here for us. So six years ago, if my math is
• 30:05
  correct, would have been April of the year 2020.
• 30:09
  Where there's Jan, there's there's March of.
• 30:13
  OK, so March of 2020, see if I can get April 64.
• 30:18
  Nope, it's quarterly. So silver was around $18.00 or
• 30:24
  23, we'll say. What average.
• 30:26
  Yeah. So silver was about $20 per oz
• 30:29
  six years ago. I would say that silver went up
• 30:33
  by 200%. Silver definitely kept track
• 30:36
  with inflation. If we're going to say that
• 30:39
  inflation ran at 49%, like we can look at postal stamps or any
• 30:43
  other product that you or I have to buy, right, That silver has
• 30:46
  provided a great store of value over that time.
• 30:49
  And I think that will continue. What about when the stop?
• 30:52
  We're going to talk about when the stock market crashes, what
• 30:55
  happens to silver? We got some data to look at.
• 30:57
  There's something very interesting, a trend that we'll
• 31:00
  talk about with that. And and finally, that big story
• 31:04
  that came out Friday after the market closed that I think could
• 31:07
  tell us that we're in much bigger trouble here in the
• 31:10
  United States than they're leading us to believe when it
• 31:14
  comes to what's happening with the general markets.
• 31:19
  Okay, Yahoo Finance, Motley Fool.
• 31:21
  Remember The Motley Fool. Okay, has this mark this
• 31:25
  article. If the stock market crashes this
• 31:28
  year, will silver soar? Here's what history says.
• 31:32
  Of course, everybody's always negative on silver, OK?
• 31:35
  But let's just dig into something they said that I think
• 31:39
  can give us a little bit of a big optimism.
• 31:43
  OK, so the in, in green. The most recent crash in the
• 31:47
  market took place in 2022 when inflation crushed investor
• 31:51
  confidence in many companies were cutting back on spending.
• 31:54
  That year the S&P 500 fell by 19%, but the I shares Silver
• 32:04
  trust would end up rising by 2%. So in 2022, the S&P 500 fell by
• 32:11
  20%, but the silver trust, so the proxy for silver went up by
• 32:16
  2%. So remember that.
• 32:18
  But in 2020 there was a brief but sudden crash in the markets
• 32:22
  due to the C-19 pandemic. During the first three months,
• 32:25
  the S&P fell by 20% and the I share Silver trust actually
• 32:29
  performed slightly worse falling by 22%.
• 32:33
  OK, prior to that was the Great Recession where the S&P 500 that
• 32:37
  would have been 2008 crashed by an incredible 38%.
• 32:42
  While the iShares fund didn't do as badly, it outperformed the
• 32:47
  S&P 500 but still fell by 25%. What I want to point out here is
• 32:53
  that in the most recent example that they give us right when the
• 32:57
  market dropped in 2022 by 20%, silver was positive.
• 33:02
  So the most recent the trend is that it's positive.
• 33:05
  The other thing is if you look back over history and if you
• 33:08
  look back even during the Great Depression, which some people
• 33:12
  speculate we could be heading into at some point here,
• 33:15
  possibly speculate. I don't want to be the town
• 33:18
  crier that we could be heading into a a similar type scenario
• 33:23
  of gold and silver actually provided very, very good
• 33:27
  protection while in comparison to what happened in the general
• 33:31
  markets and what could be that trigger.
• 33:34
  OK, private credit guys, look, this private credit situation
• 33:39
  that we have now, I speculate is very similar, very similar to
• 33:45
  the mortgage-backed security situation that we had right
• 33:47
  before the great financial crisis 2006, 2007, 2008 because
• 33:52
  it's it's almost it's similar. What essentially, right, What
• 33:57
  I'll say, and I've been talking to some smart, high level people
• 34:00
  in the financial services industry.
• 34:02
  What makes it so similar is that back then you had a bunch of
• 34:06
  crappy mortgages that these financial services professionals
• 34:10
  were bundling together and selling as a package,
• 34:13
  mortgage-backed securities. And they were making great big
• 34:17
  fees, hundreds of thousands, millions of dollars in
• 34:21
  commissions off doing this. So they didn't care what kind of
• 34:24
  crappy mortgages they put into those mortgage-backed
• 34:26
  securities. Greed took over and all they
• 34:29
  cared about was putting the package together, selling it and
• 34:33
  making their great big fee. Well, guess what?
• 34:35
  20 years later, imagine that, right?
• 34:39
  A very similar situation has unfolded with private credit,
• 34:42
  private equity, all this, you know, it's the big, it was the
• 34:45
  big fancy thing on Wall Street just a few years ago.
• 34:49
  But now we know there's major, major issues, right?
• 34:52
  People are wanting their money back and the private credit
• 34:54
  people are saying, sorry, we can't give you all the money
• 34:57
  back. Stop asking for so much of your
• 34:59
  money back. It's like a kind of like a run
• 35:01
  on a bank. OK.
• 35:03
  And and what's similar about it's the same thing happened,
• 35:05
  except this time it wasn't mortgages that they're packaging
• 35:09
  together. It was loans.
• 35:11
  And a lot of these loans were to software tech companies.
• 35:15
  You know, tech, the future, everything in tech is good.
• 35:18
  Don't worry about it. Kind of like mortgages were back
• 35:21
  in 220 years ago, but now it was tech software companies.
• 35:25
  The, and like half of these private credit loans are to are
• 35:28
  to tech software companies. And like half of those
• 35:30
  companies, from what I've read, aren't making any money.
• 35:34
  They're cash flow negative. It's not a good thing.
• 35:37
  OK, now the moment you've been waiting for, what happened on
• 35:41
  Friday after the market closed, I'll tell you what happened.
• 35:45
  Let's go out and see what Bloomberg, Yeah, Bloomberg had
• 35:49
  to say. Bloomberg puts this out Friday
• 35:53
  after the market closes. The Federal Reserve and Jerome
• 35:58
  Powell is asking major U.S. banks for details about their
• 36:04
  exposure to private credit following a surge in redemptions
• 36:10
  from the funds and a rise in troubled loans in the industry,
• 36:16
  according to people with knowledge of the matter.
• 36:20
  Guys, this is coming right? Not some off the wall news
• 36:24
  source. This is from Bloomberg and
• 36:26
  what's important about it and it was viewed 280,000 times is that
• 36:31
  it came out 5:43 PM on Friday. They don't release big news,
• 36:38
  right? Market changing news during
• 36:41
  trading hours. You probably have noticed that
• 36:43
  by now because they don't want to disrupt the fragile.
• 36:46
  Why are they so afraid to announce news during the market
• 36:49
  hours? Right, because they don't want
• 36:51
  to disrupt the fragile stock market.
• 36:54
  No, no, no, right. We are living.
• 36:57
  We are guys. We are living through
• 36:59
  unprecedented times. We are living through a metal
• 37:02
  mania. We are living through a
• 37:04
  restructuring of the world economy like none of us have,
• 37:08
  but we're also living through a restructuring and a re
• 37:11
  reclaiming of the rightful place of metals.
• 37:14
  Now we focus on silver, which we love, and gold and copper and
• 37:19
  uranium and all those as well. But this is a time like no other
• 37:23
  in history. And we already knew, right?
• 37:26
  Over the last year, year and a half, think about what happened,
• 37:30
  right? Think about what happened with
• 37:31
  silver. Think about what happened with
• 37:34
  gold over the last one year alone.
• 37:37
  It's incredible leading up to where we are now, which again, I
• 37:42
  don't like war. I'm against war, but I'm not
• 37:44
  going to put my head in the sand.
• 37:46
  This is like a major catalyst situation.
• 37:50
  Bill Streibel from Blue Line Futures puts out a ground
• 37:54
  breaking report about silver and the potential that this could be
• 37:58
  a catalyst for an actual silver squeeze.
• 38:01
  We don't need a squeeze, although it would be fun, right?
• 38:06
  Hey, I'm with you. I love it.
• 38:07
  It's great. It's fun, right?
• 38:09
  We didn't even need the squeeze. We've already got like a leading
• 38:13
  up to this. What's going on?
• 38:14
  This is happening in real time and we are living through it.
• 38:19
  OK. All right.
• 38:20
  Hey, thank you guys for joining me down here in the basement.
• 38:23
  You're important. Please subscribe to the channel
• 38:25
  if you haven't already. It's free.
• 38:27
  Press the subscribe button. You can be my friend.
• 38:29
  Come back to the basement. All right, hang out.
• 38:32
  We love to talk about gold and silver.
• 38:34
  Take care of your yourself and I'll see you.
• 38:37
  Yeah, I'll see you next time. Bye.
• 38:39
  Bye.