Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **UPDATE** MAJOR REVALUATION for GOLD and SILVER

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**UPDATE** MAJOR REVALUATION for GOLD and SILVER · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:00
We have a big warning. Big changes afoot for the silver
0:05
price and gold price. Things are happening much more
0:10
quickly now, and on a much, much bigger scale.
0:14
There's a best selling author by the name of William William
0:18
Middlecoop. He wrote a book called The Big
0:21
Reset. I listened to him earlier today
0:24
when he talked about what's going on.
0:26
Right now, right in front of us, 2023, September 23rd, That
0:33
indicates we could be headed for some major, major turmoil and a
0:39
major reset of the price of gold and silver.
0:44
We talked about gold being boring, silver being boring.
0:47
Oh, they don't move that much. They're just old relics that
0:51
nobody cares about. What about Japan?
0:55
You know that Japan is hitting all time highs in the gold price
1:00
right now. Do you know that Japan is the
1:03
third largest economy in the world?
1:07
But what's even more fascinating about what's going on in Japan
1:11
is the fact, wow, Thank you Mr. Shovel for that awesome super
1:15
chat from Denmark. Thank you.
1:18
Japan is the demand. They've never had major demand
1:23
for gold in Japan. And you know what?
1:26
Right now, demand for gold products in Japan feels like I'm
1:30
giving a tongue twister is through the darn roof.
1:34
People are rushing to buy gold in Japan.
1:38
Why? What could?
1:39
Who knows why? Anybody know?
1:42
Put it in the chat. Why do you think people in Japan
1:45
are rushing? There's a gold rush in Japan
1:48
right now. I can't even do a Japanese
1:51
impression. I know some Japanese people.
1:53
But nonetheless, why do you think?
1:56
Yeah, that's right, inflation. They're having runaway inflation
2:01
because the Japanese yen is going down in value.
2:04
But let's shift over to another major and don't worry, I'm not
2:08
going to go down the China rabbit hole with you in this
2:11
video. But we have to talk about China.
2:14
The metals prices in China right now are 6 to 10% higher than
2:20
they are in the West. China has bought gold for the
2:24
last 10 straight months. Their central bank, OK, they
2:29
haven't bought are the, no, I'm sorry, treasuries.
2:31
In terms of U.S. Treasuries, they hold, they
2:33
haven't held this low of a level of United States Treasuries
2:37
since 2009. So we've got big, major changes
2:43
going on when it comes to Asia and gold and silver as well.
2:49
Things are changing massively. William Middlecoup talks about
2:53
the fact that we are probably on the verge right now at the
2:57
serious revaluation in the silver price and gold price.
3:02
What does that mean? Does that mean $7000 gold?
3:06
Does that mean $75 silver? We'll have to see how it all
3:11
plays out. But when we zoom out and look at
3:14
what's going on in the world right now, and he's one of these
3:17
fancy high level guys, who knows what's going on with the central
3:22
banks, what the ramifications are?
3:25
The high level, right? We buy silver.
3:27
Maybe you buy some gold from the local coin shop.
3:31
He's watching. He has his finger on the pulse
3:34
of what the big central banks are buying.
3:36
Poland, which is becoming a rather advanced economy, is
3:40
buying huge amounts of gold right now.
3:43
What does that tell us about the demand for silver and gold?
3:47
Right. What is that telling us?
3:48
What about the Czech Republic and Hungary?
3:51
They both, they're like if increased their gold holdings
3:54
tenfold. Now what's?
3:56
What's crazy? What's and and this doesn't get
4:00
any press but this is a big, big, big deal when it comes to
4:06
gold and central banks and I'm sorry.
4:08
I've got a giant cat who's hold on a second.
4:14
I'm here. I'm here you guys.
4:20
You guys haven't seen him for a while.
4:24
That's Jasper. I didn't know he was down here,
4:26
but he he just paid a visit now anyway big deal.
4:31
Big major deal that we need to recognize is going on and it and
4:37
it's, it gets zero. Of course this will get zero
4:40
coverage in the mainstream media.
4:43
But the head central bankers for both the Dutch and the Germans,
4:48
the head central bankers and I want to make sure I say this
4:51
correct, correctly said that they could use a gold
4:54
revaluation to fix the balance sheets of their central banks.
5:00
Guys I it's not that confusing. This is this is a fascinating
5:05
concept that that I've read somewhat in depth on in
5:08
something that we need to recognize.
5:10
The Europeans, most of the European countries all have a
5:14
lot of gold. Spain, Italy, all of them all
5:18
have in its in its there there was a research piece that was
5:21
out just a few months ago that kind of showed that the amount
5:25
of gold that each country has is very representative to the size
5:30
of their economies relative to the other European countries.
5:34
So the European countries are now starting to talk about using
5:38
gold right to to to re revalue gold to fix their balance
5:47
sheets. Gold right, the tether and
5:50
silver goes right there with it and platinum goes right along
5:53
with it as well. But isn't it?
5:56
To me it's fascinating and it's exciting to think that probably
6:02
you could say due to natural market forces we've talked about
6:07
this before, doesn't Mother Nature always win?
6:10
I mean, isn't that something like we've learned since we were
6:13
kids and science class, Mother Nature always, always wins the
6:17
forces of nature and silver and gold are a force of nature.
6:22
They're part of nature. They are the planets money they
6:26
have been since man has been able to really recognize what
6:30
money is and how it can be used for trade and and and and and
6:35
stores of value always, right? So now we're facing a period
6:41
where silver and gold are being re recognized for what they are,
6:46
the real forms of money, the real base of of of value in the
6:52
world. We know John Exter, you know
6:54
John Exter, he worked for the Federal Reserve.
6:57
We love to talk about John Exter.
6:59
He was an economist for the Federal Reserve.
7:01
He didn't die that many years ago.
7:03
He made extras pyramid. You need to check out Exters
7:06
Pyramid if you're a gold and silver investor because it
7:10
explains the truth, the reality of what money is and that is
7:16
everything, is based on this upside down pyramid on silver
7:21
and gold, all the derivatives. I saw something crazy last
7:25
night. Gosh, I almost forgot to tell
7:28
you guys about this. It was late at night.
7:30
I was half fallen asleep, but it was a presentation from Visual
7:34
Capitalist about about the about the money in the world, currency
7:40
in the world. And it showed like visually how
7:44
much silver is. And it was this little tiny dot
7:47
and it showed how much gold was and gold was much, much bigger,
7:50
right, From a visual perspective, the size of the of
7:53
the gold. But when you compare it to paper
7:56
money, electronic money, when you compare it to the
7:58
derivatives out there, it is over the top.
8:02
Crazy Okay. We've got to recognize a couple
8:12
key things. Okay, The paper money, the
8:16
electronic money. We like to call it Unicorn fart
8:19
dust. So whatever Jerome Powell and
8:23
the central bankers, they're running out of rope.
8:26
They're running out of their ability to print, print, print.
8:29
We, we know, we know that this debt situation, it is just
8:35
completely unsustainable. The situation that the United
8:41
States and the world in general has gotten itself into when it
8:45
comes to debt, there's not enough money to pay off all the
8:49
debt. The only option is to create
8:51
more electronic money, print more money however you want to
8:55
say it, and at the end of the day, that will be very good for
9:00
the price of silver and gold, supportive for the price of
9:04
silver and gold. You can't argue these things.
9:06
That makes me, I get, I'm sorry, I get a little frustrated
9:10
sometimes because we've been in this situation where things have
9:14
gotten so darn crazy. I mean, it is just like crazy
9:19
town, the situation that we're living in.
9:22
And what you might get frustrated by this as well, that
9:26
like most people just don't even know what's going on and
9:29
especially even more people don't want to talk about it or
9:33
address how crazy the situation has become.
9:36
And it's not just in the United States, it's all over the world.
9:41
So Mr. William Middlecoop, you know, he proposes that we'll
9:46
have a major, big reset. Now look, I think it's important
9:51
for us to remember it can happen.
9:56
It's almost seems like an inevitability that it will
9:59
happen. OK, hold on.
10:03
We got 100 thumbs up you guys. I ring the bell 10 times for 100
10:11
thumbs up. That's one ring for every 10
10:13
thumbs up. It's an inevitability that this
10:15
will happen, this reset, and that gold and silver will be
10:20
able to reach their their true value, their real value, because
10:26
they've been suppressed, OK, suppressed, suppressed,
10:29
manipulated, suppressed by the competition, which has been the
10:35
paper Fiat money. There's been a concerted effort
10:38
to push down the price of silver and gold.
10:41
That's a fact. But like we talked about
10:43
earlier, Mother Nature always, always, always wins.
10:48
And I want you to think about how, how.
10:51
And we touched on this the beginning this reset, what could
10:54
trigger it? The system has grown so big and
10:59
so fragile and so convoluted, thanks to all the money
11:03
printing, thanks to all the derivatives, thanks to all the
11:06
craziness that goes on out there.
11:08
Think about this, think about this.
11:10
Why in the world, Why in the world was everyone so on pins
11:17
and needles last week about the Fed including me?
11:21
Everybody, you know, because the Fed is like, they're like the
11:24
Wizard of Oz, right? Why do we even have to have
11:28
that? Why can't we just have real
11:31
money back if we had real money back by silver, back by gold,
11:35
the Fed and all these tricks they play and oh, we got to
11:38
raise interest rates and we're going to do this repo, reverse
11:41
repo and we're going to do quantitative tightening and
11:43
we're going to do quantitative easing and we're going to do all
11:47
these and they're going to come up with that.
11:49
You we ain't. You have not seen anything yet.
11:51
I guarantee you in the next year, you mark my word.
11:55
I'm saying it right now. I'll put myself out on a limb.
11:58
We're going to see at least two or three new Fed programs.
12:03
They're probably, you know, sitting around the Fed right now
12:05
thinking up names for these things.
12:07
You know, like, like monetary minutiae or whatever they're
12:12
going to call it right transitory, like they were wrong
12:16
about inflation. Temporary, like they were wrong
12:19
about inflation. They're wrong about everything.
12:23
And as the system has grown so big and Mr. Middle Middle Coupe
12:28
says the same thing, the crisis the the the the the the turmoil
12:34
within the system becomes more frequent and more severe each
12:41
time it hits. But it gets even more concerning
12:44
when we when we talk about a few more things that he wanted to
12:47
bring up #1. The bricks, right.
12:50
Arrogant USA, right? Arrogant Americans think, oh,
12:54
the bricks aren't going to amount to anything.
12:56
Oh, the brick, you know, we kind of just, you know, shuffle it
12:59
aside like, oh, we're not concerned about what's going on
13:02
with the bricks. We should be very, very
13:05
concerned about what's going on with the bricks.
13:08
But we don't seem to be. We seem to just push it off to
13:11
the side. Okay.
13:13
Think about this. Saudi Arabia has basically
13:16
turned down the oil spicket to the world, to the United States.
13:22
And. And not only did they do that,
13:26
but they stopped buying U.S. Treasuries.
13:29
And what do you think that means?
13:31
They stopped buying the United States debt?
13:34
What do you think that means, huh?
13:36
Let me tell you what that means. Countries that are considered
13:39
friendly to the United States, there's this membership club.
13:43
Do you have to pay? And that's called You gotta buy
13:46
United States Treasuries and the Saudis have stopped buying U.S.
13:50
Treasuries. Who else?
13:52
China has stopped buying U.S. debt.
13:55
OK. And when we talk about that
13:57
alone, all this crazy amount of debt that we have, 34 trillion,
14:03
17 trillion of it needs to be rolled over in the next two
14:07
years. Guess what?
14:08
China's not buying it. Saudi Arabia's not buying it.
14:11
Those were two big sources of of purchasing and there was a third
14:15
one. And they're not buying it now
14:17
either. That would be Japan.
14:20
And Japan was buying it with money they were printing up as
14:22
well. I mean, it's like this big
14:24
crazy, it's like a bunch of people on drugs trading stuff is
14:29
what it feels like, what's going on.
14:31
But those countries aren't buying.
14:33
OK, who else isn't going to be able to buy treasuries?
14:37
Or who else is going to be selling treasuries?
14:40
Well, we know that the government's going to be selling
14:43
treasuries and separate from the government because it's not a
14:47
part of our government. the United States Federal Reserve is
14:50
selling treasuries as well. We could be coming to a big, big
14:55
head very soon before we know it.
14:58
Now, when it comes to the bricks, are they going to
15:02
destroy the United States? Are they going to annihilate the
15:04
United States? Are we?
15:05
No, most likely not. But we are moving into a world
15:10
that is bifurcated and split. And think how different that is
15:16
from, let's say, five years ago. I remember five years ago, you
15:20
know, reading about what went on during the the Great Depression
15:23
and World War 2 and and reading about how the world countries
15:28
became very nationalistic. And I remember thinking, well,
15:31
that's we don't have that problem now.
15:33
I mean, you know, everybody was trading China.
15:35
Everybody was kind of sort of getting along pretty well.
15:39
That's no longer the case right now, guys.
15:43
I mean, the world is, is in in middle.
15:46
Coupe brings this up, he says, and we don't want this.
15:50
But he said it feels like much of what was going on in the
15:53
world during the 1930s during the period that led up to World
15:58
War 2. And on that subject, as we talk
16:01
about conflict in the world, what the heck?
16:05
And we don't talk about it, you know, I don't know if it's a a
16:07
non favored subject on YouTube or or why, but we do have a
16:14
actual major conflict going on right now in Europe.
16:20
Take a step back. We maybe have become a little.
16:23
Have you become a little numb to that?
16:25
We have a major conflict between the West and the East right now
16:32
in Europe. Are we setting the stage for a
16:37
major reset, the gold price and the silver price, What will they
16:41
do? You know, the, the, the IT
16:45
either happens by one or two means.
16:46
Either market forces force it to happen or the central banks
16:51
revalue it. If the world splits and we know
16:55
that Russia, we know that China, we know all the bricks.
16:58
We know they all have been accumulating massive amounts of
17:02
gold. Why are all these countries are
17:04
coming? Why are all these countries
17:06
accumulating all this gold? Why is hungry?
17:09
Increasing their gold holdings by 10X is what they said.
17:13
The Czech Republic, 10X Poland. Why think about that?
17:18
What is going to happen? Are we prepared?
17:21
You know, we talked about that earlier today.
17:23
Again, we won't go down that rabbit hole, but are you
17:26
mentally and monetarily M&M? That's what us basement
17:30
dwellers, that's what us basement dwellers like to
17:35
remember. M&M monetarily and mentally
17:40
prepared for what could be coming soon to us down the road
17:44
because there is huge unstableness right now guys.
17:49
We have a major conflict going on in Europe.
17:52
We have the rest of the of the BRICS countries, the more than
17:56
half of the world population saying that they're they're
17:58
basically rebelling from the United States.
18:02
This is, is it happening, could it be happening right now?
18:07
It feels like it is. Let's talk about gold backed
18:13
currencies right. Even when we know that the
18:17
German and the Dutch central bankers are talking about
18:22
bringing revaluing gold to fix the balance sheets of the
18:29
European central banks, we're talking about moving back
18:33
towards gold backed currencies, middle Coupe said.
18:37
And I don't want to put words in his mouth, you can you can
18:39
research him on your own and listen to what he says.
18:42
But he says he's being contacted by people now in these banks
18:45
that never would have contacted him in the past and asking him
18:49
his opinion and writing things. So we could very well be moving
18:53
toward that. Now if you want to get yourself
18:54
some gold or silver before it's all gone, go check out pin
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and I think they check that box for sure.
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All right, let's move on. Let's talk about look, we got
19:35
all kinds of stuff to talk about tonight.
19:36
We're having a Saturday night party.
19:38
I'm glad you're here. We're going to talk about we're
19:41
going to talk about we're talking about how screwed up the
19:44
the situation is in the world. Furthermore in the economy we're
19:49
going to talk about the the debt situation.
19:52
Let's talk about, let's talk about how it's a huge contrarian
19:57
indicator, a huge opposite indicator right now that things
20:01
are going to get better for the silver price and the gold price.
20:05
Okay. Now you got to, I don't know if
20:08
everybody follows me on this one, but I think it's critical
20:11
to understand if you're an investor in silver and gold.
20:15
Let me have a sip of coffee. And what I'm talking about right
20:24
now, look, we are where we are with the silver price, the gold
20:28
price, the platinum price and the precious metal mining
20:32
stocks. But guys, sentiment couldn't be
20:36
worse. Sentiment is as bad as it's ever
20:40
ever been. I heard somebody comment on they
20:44
just went just the last week had gone to the big one of the big
20:47
gold conferences out in Colorado, he said.
20:50
People were that the CEO's of these companies were just saying
20:54
like, it's not fun anymore. It's, you know, it's it's like
20:58
depressing basically to be working in this industry because
21:03
sentiment is so low. They love their companies.
21:05
They love the precious metals, but the but the amount of
21:10
interest in the prices on the stocks is so bad that it's kind
21:15
of depressing. And if you own any gold or
21:17
silver mining stocks, you know what they're talking about my
21:20
hands up. I do.
21:21
I've been hurt. I've been wrong through today.
21:24
I don't think I'm wrong in the long run, but it's been brutal,
21:29
Absolutely brutal. But could that be a good thing
21:34
as we lookout into, let's say, the next three months to three
21:38
years? I think it is, because I think
21:40
it's the biggest contrarian indicator when even the CEO's
21:44
are saying this is tough, man, this is hard, right?
21:48
In the silver price, the bullion silver price and the bullion
21:52
gold price, they're also affected by this horrific
21:56
sentiment. OK.
21:57
I mean silver silver's, you know, pretty recently we got as
22:01
high as $30. It's down quite a bit.
22:04
Gold has done well. Gold has done well, primarily
22:08
because of support from all the central banks like we talked
22:11
about because the central bankers who are the smartest
22:14
guys in the room know that right now it's smart to be buying
22:20
gold. OK, right.
22:22
OK, so the stocks have been killed.
22:26
Gold's doing OK only because of central banks and silver's
22:29
pretty much been killed as as as well we are where we are.
22:35
But the good news, OK, the good news, right.
22:39
The good news is when sentiment turns just a little bit, and I
22:44
will say this to you every day until it happens, because we
22:47
need to remember this as gold. I mean, we have been beaten to a
22:51
pulp. We have been.
22:52
We've been punched and beat up, you know, and I don't know if
22:56
you've been through situations like this in your life before or
22:59
not, but, you know, it can be extremely, extremely difficult
23:04
to be patient and to hang in there.
23:06
I'm not giving financial advice. I'm just telling you what I'm
23:09
doing. I'm hanging in there because
23:13
because when when the little bit of that money comes back, it's a
23:18
very, it's a lot of capital that's going to need to find its
23:21
way through a very small window. And the only way to get it all
23:26
through there is to blow that window open, which will be
23:30
extreme moves in the gold price, in the silver price and in the
23:35
mining stocks in particular. I could be wrong.
23:40
Don't make again, don't make any financial decisions.
23:43
I'm just telling you what I think could happen and why this
23:48
total. And I guess what I'm saying is
23:51
as bad as it's been guys, as bad as it's been to be invested in
23:55
silver, as hard as it's been to be invested in Platinum, as hard
24:00
as it's been to be invested in the precious metal mining
24:02
stocks. You know, the central bank
24:05
buying probably isn't going to go anywhere when the investors
24:08
come back because there's been massive outflows of money from
24:13
the big ETF's. We don't like the big ETF's, but
24:16
the fact of the matter remains they have a big impact on the
24:20
the marginal demand for gold and silver as well.
24:25
And when there's been outflows, that means people are selling
24:28
their GLD and their SLV. That is a downward force.
24:33
When that turns and that turns positive, we're not starting
24:37
from that bad of a spot. We aren't, you know, and we're
24:42
Okay right now. Things could get super
24:45
interesting, like I said, for the silver price, gold price,
24:48
platinum price and for all the precious metal mining stocks.
24:52
And it can happen quick. It will happen quick because
24:56
it's not going to take much of A move to make things go up
25:01
significantly. And when there's significant
25:03
gains, people are going to pay attention.
25:05
And the double bonus kicker on top of it is a lot of the
25:09
factors that could lead to that quick gain in the metals prices,
25:14
in the mining stock prices, OK, they will coincide with
25:18
difficult times maybe in the real estate market, maybe in the
25:22
stock market. So all that money, you know
25:26
don't forget the entire precious metals mining sector.
25:31
They're mark the market cap of all of it combined is less than
25:35
the market cap of Home Depot. Can you believe that Home
25:41
Depot's market cap 200 and 7080, whatever billion it is, the
25:45
entire market cap of the entire precious metals mining sector is
25:49
smaller than Home Depot, right. The place down at the strip mall
25:53
that's orange where you go buy a 2 by 4.
25:56
These are critical elements critical metals that people need
26:01
gold, silver, platinum. It is absolutely, absolutely
26:06
insane. You know, if you're feeling
26:09
crazy right now, being invested in this sector and being a
26:14
person who wants to keep their eyes open, keep an eye out for
26:18
what's going on out there, you're not alone, right?
26:22
Like we talked about earlier, the system has grown so big, so
26:27
fragile, so convoluted. Why?
26:31
Why were we so concerned with what the Wizard of Oz was
26:35
telling us last week? Jerome Powell, he's like this
26:38
little guy. And they are.
26:40
They're like, behind the curtain.
26:41
We don't know what they're really doing.
26:42
We don't know what they're really talking about.
26:44
And they're, you know, feeding out little bits of information
26:48
once every month about the interest rates.
26:50
You know, we're living in this fantasy world, fake world.
26:55
I mean there's no other way to say it, you know, I know Putin
26:59
said that himself when he said it's it's we're, you know, we're
27:01
done with dealing with this fantasy money, this paper money
27:06
stuff. You know, why do we feel crazy?
27:09
Lynette Zhang. Lynette Zhang, again, I always
27:13
like to repeat this, said people are because she gets that
27:15
question all the time because when things get toward the end,
27:19
they start to feel super crazy. So if you're feeling crazy,
27:23
you're not alone. Look, let's talk about the 10
27:27
year bond yield. I know you, but you, that's what
27:30
you've been waiting for. We got big trouble.
27:34
Yes, the Wizard of Oz, you know, made his announcement last week,
27:39
but they're going to be, they're going to be hawkish.
27:40
So that made rates go up a 4.5%. Wow.
27:46
You know, guess what? Here, here's a keen insight for
27:49
you. They can't raise rates.
27:52
They can talk. That's all they can do.
27:55
He can't really raise rates, and I'm going to tell you why right
28:00
now and it'll make perfect, perfect sense.
28:04
Paul Volcker, you probably heard this back in 198081.
28:08
Whenever he did it came in and jacked up interest rates from
28:12
about 5% to what, 15%. It was crazy to fight inflation.
28:18
There's a one little difference that we need to factor in now.
28:22
Right now there's three to four times more debt in the world.
28:26
And with the at the rate at which the Joe Biden's racking up
28:29
more debt for our country, who knows, It could be 4 1/2 or five
28:33
times more debt. There's more debt now.
28:37
So the interest rate that we're at now is really an equivalent
28:42
to what they did back then with 15%.
28:45
Jerome has spent all his ammo, shot all his bullets.
28:50
Now all he can do is talk right verbal jujitsu or however you
28:54
want to say it. And when the market wakes up to
28:57
that. Thank you Neil.
28:59
God Bless America and everyone here.
29:01
God bless you, Neil. Neil Hahn, the platinum guru.
29:06
Check out Neil's page. He knows are his YouTube
29:09
channel. He knows he knows platinum like
29:11
nobody but but now all the Fed can do is talk and I we talked
29:17
about that. I'm not saying I'm the sooth
29:18
Sayer I'm wrong all the time. But I was right about that one.
29:21
I said the feds going to keep rates where they are but the
29:24
Wizard of Oz is going to come out and say oh we're going to be
29:28
tough we're going to be we're fighting inflation and pursue
29:31
rah rah rah rah rah, right. And you know what Everybody took
29:35
it hook line and sinker. They did, unfortunately, but
29:40
maybe not. And and I've heard some of the
29:42
some, some, some of the other not the top analysts because,
29:47
you know, that's basement dwellers.
29:49
We're the top analysts. But I heard some other analysts
29:51
say this, the reaction and the gold and silver market, it the
29:56
kind of called their bluff, right.
29:58
Kind of called Jerome on his bluff.
30:00
It said, yeah, sure, Jerome, you're going to be tough with
30:04
monetary policy. Yeah, sure.
30:06
Right. If if the gold market and silver
30:09
market really believed it, we would have had the gold price
30:12
down near 18, seventeen 1800 or 1750 right now, not levitating
30:19
at what, 1930, I mean, guys, the gold price is still pretty darn
30:25
good. You know, I mean, yes, there's a
30:29
historic disconnect between the mining stock values and the gold
30:32
price. But if you're just looking at
30:34
the gold price, it's pretty darn good silver and you know, maybe
30:38
not that, you know, not horrific 2324 dollars silver is not the
30:43
end of the world. But we've never seen this
30:46
disconnect between the miners and the metals prices.
30:49
I mean, the mining stocks have unbelievable value.
30:52
That's a great opportunity for me to quickly tell you about
30:56
first mining gold. They're also a channel sponsor.
31:00
They have two 5 million ounce gold development projects in
31:04
Canada, Spring Poll in Ontario and Du Parquet in Quebec, and
31:09
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31:13
They're working with partners on a few of them to actually
31:16
develop and find more gold. And they're actually looking for
31:19
more gold at both of those 5 million each oz projects and
31:24
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31:28
And if you want to talk to a guy who really knows the company and
31:32
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Relations. His e-mail is in the description
31:39
of this video. You can reach out to Paul.
31:41
He'd be happy to tell you about the company and answer any
31:44
questions you may have. But the value right now, not
31:49
just with first mining gold but any of the development
31:53
companies, is crazy. Because guys, the big miners,
31:57
the big guys, the barracks and the newmonts and the big, big
32:00
mining companies that are already mining right now, they
32:04
have neglected their pipeline. They always need to be feeding
32:08
more property, more oz into their pipeline and they've
32:12
neglected that because they're honestly, they were paying off
32:15
debt for the last 10 years, right?
32:18
And now they're making really good money.
32:20
Big mining companies are generally doing very well in
32:24
this 19119 fifty gold environment.
32:28
They are making a lot of cash and they are going to need to
32:32
deploy that cash to buy up new properties, right.
32:36
Development properties like a company like First Mining gold,
32:40
they aren't mining right now, but they have the gold.
32:43
It's already been drilled, it's been discovered and it's been
32:48
they. They put together resource
32:51
estimates based upon scientific process, which I can't get into.
32:56
But nonetheless, they're going to need to find more gold.
33:00
The big companies and the place they're going to go looking are
33:02
going to be these development companies.
33:04
To check them out, check out Burst Mining Gold, Check out the
33:07
other ones. Because I'm telling you, I'm not
33:09
giving financial advice, but I can say that they are, price
33:13
wise, a great value right now. Here's some.
33:21
Here's a note I had to myself. You want to hear a note that I
33:24
wrote to myself? Silver and Gold investors?
33:31
Yes, that would include you, I'm sure.
33:34
And me. Are you ready for the price to
33:37
skyrocket? Huh.
33:40
Unfortunately, we're going to have some nasty, nasty, really
33:45
cruddy things to deal with first.
33:48
And they aren't going to tell you about this on the children's
33:51
news network, CNN. Look, I watch a little CNNI.
33:55
Watch a little MSNBC. Thank you for that super chat.
33:58
Wow. I'm going to try to read that.
34:01
OK. But we got nastiness coming our
34:04
way. Heading down the track at us
34:08
right now. Hold on a second.
34:10
G Malian. Thank you, my friend, for that
34:13
super chat. Super appreciated on an
34:17
individual. We're going to start at the
34:18
bottom and work our way up on an individual basis, right?
34:21
66% of Americans are living paycheck to paycheck.
34:27
We have record levels of credit card debt.
34:30
We have credit card delinquencies skyrocketing right
34:34
now in this country. You're going to tell me that the
34:38
economy is healthy, huh? Do you know that you and me, the
34:43
consumer, right? We are the backbone of the US
34:47
economy. We like to borrow money and buy
34:50
stuff. I don't.
34:51
I hope you don't either. But on average, that's what
34:54
Americans do. They borrow money and they go
34:56
get more stuff. Look at my basement.
34:59
A lot of this came from garage sales, but that's a different
35:01
story. And now I got a cat biting my
35:03
knee. Sorry about that.
35:07
So you're going to tell me we're good shape when 66% of Americans
35:11
are living paycheck to paycheck, right?
35:15
And I think they say that even in urban areas, it's closer to
35:19
70% of people are living paycheck to paycheck, barely
35:24
scraping by, right? Their credit cards are maxed
35:28
out, there's no savings, and there's something else they're
35:31
doing as well. They're even taking money out of
35:33
their 401K. Really.
35:36
OK, so that's the consumer in the United States.
35:40
What about on a national basis? It is.
35:43
It's it's downright nasty right now.
35:47
Three things to look at. The national debt, right, $33
35:51
trillion in debt, guys, That's real.
35:55
That's real money. That's what you and me and our
35:59
kids and maybe your grandkids. That money is real.
36:03
That's money that's owed only 33 trillion only like what, 250,000
36:11
per per working adult in this country.
36:15
You can go to the US debt clock and and look and look at it
36:18
yourself, OK, It's real. The debt is huge.
36:22
It's getting bigger because we have a desk deficit.
36:25
We know the economy is slowing down, right?
36:29
And and we know politically in this country we've never been.
36:34
So I don't know if you're a Democrat or a Republican,
36:36
whatever you are, I'm happy for you, you know.
36:39
But we are divided. I have a feeling most of us
36:42
basement dwellers, you that are with me now, right now, in the
36:46
slide stream that we get along, we're cool.
36:49
But there's a massive divide in this country, in your
36:53
neighborhood, in my neighborhood, between hardcore
36:57
conservatives, in these liberals, right?
37:01
You got people that are hardcore conservative, any of these
37:03
liberals who are, let's just say very liberal, right.
37:07
All kinds of new creative things for in terms of how the world
37:11
should work. Yeah, but we are divided.
37:14
We're going to leave it at that. So the consumer is in big
37:19
trouble on a national basis. We're in big, big trouble.
37:23
And we just got 200. Thumbs up up.
37:26
Now we got 199. Somebody unthumbed up this.
37:30
Hey, how about a thumbs up? Yeah, now we're back to 200.
37:33
Come on guys, we can do this 201.
37:35
I think we're safe. I think we're in the green.
37:38
This bell came from our good friend Joe.
37:40
I don't know if he's on the live stream or not.
37:42
Great Guy came down here to the basement and I rang it.
37:50
I ring bells when we get to 102 hundred, 300 and even 400 thumbs
37:56
up. So thank you for the thumbs up.
37:58
It helps get the word out. The consumer is suffering.
38:04
Most Americans are suffering right now.
38:07
You know, on a national basis. Unfortunately, we're suffering
38:14
right now. Okay.
38:15
But there's more. Because when we zoom out, like
38:23
we talked about earlier, the world is suffering.
38:26
We aren't getting along either, right?
38:29
And in America, we're fighting right between the the the
38:34
Democrats and the Republicans is the easiest way to say.
38:36
But what about on a worldwide basis?
38:38
Are we fighting? Yeah, we talked about that
38:41
earlier. We're actually have a war in
38:46
Europe. Let that sink in.
38:50
Right now we have a war in Europe and we have an explicit
38:57
announced organized group of countries that have come out and
39:04
said we don't like the United States, we don't like playing by
39:08
the United States rules. So yes, on a worldwide basis
39:12
we're also suffering. Are things worse than the
39:17
mainstream media is feeding to the US public?
39:21
It it's it's it feels again. We'll go back to what Lynette
39:25
Zhang said. Things are crazy right now.
39:27
Probably. I'm 53 years old.
39:30
I don't know how old you are. Probably crazier than than any
39:34
other time in in history. You know it's just right here.
39:41
Let me, I'll read the Here's another note I had to myself.
39:44
Credit card debt. Four people are pulling money
39:47
out of their 401K. We didn't even talk about the
39:50
fact that at the end of this month, millions of Americans are
39:55
going to be this is, this is mind blowing to me.
39:58
Millions and millions of Americans who took out loans to
40:01
go to college. Student loan debt, right.
40:04
You know you can't discharge that during a bankruptcy.
40:07
That's not not possible. They were excused from class.
40:15
They were excused from needing to pay their student loans for
40:20
like 3 years. That's going to start.
40:21
They're going to be required to start paying their student loans
40:24
again that they signed on the dotted line.
40:27
They borrowed the money, they went off to their school and got
40:30
their degree, whatever they did with it, whatever.
40:32
But they agreed that they would pay that money back.
40:36
There's like a huge percentage of them that are when they're
40:38
doing like polls of these people that are saying, sorry, I can't
40:44
pay it back and I'm just not going to pay it back.
40:48
It's it's very ugly mortgage rates.
40:51
Coin shop. Chris and I, we got a video was
40:53
out this afternoon. You can go check that out.
40:55
Please do mortgage. I mean mortgages.
40:59
It's nutty. Here's a great example here.
41:01
Here's here that here's a great example.
41:04
The house, 3 houses down the street from me three years ago
41:10
would have sold for about $300,000 and at a 3% interest
41:14
rate, you know, let's just say the payment would be just for
41:17
simplicity sakes, we'll say $1600 today.
41:22
Mortgage rates are approaching 8%, so the payment's going to go
41:27
way up, almost double. But the price on the House has
41:32
also gone way up. People cannot afford housing.
41:35
Housing used to be 30% on average of Americans take home
41:41
pay. That has now gone all the way up
41:44
to like 44, approaching 45%. People need somewhere to sleep
41:50
and live and they need food, right.
41:53
If food, food prices haven't gone up, right, yeah, sure.
41:56
Foods become much more affordable.
41:58
I mean, I just, I go to ALDI, right?
42:02
I'm cheap. I'm cheap.
42:04
Some Susie, you know, Susie can tell.
42:06
You show a test. The bag of chips the three years
42:11
ago used to cost a dollar nine cents, now cost $2.69.
42:18
Food's gone up through the roof. What else do we need?
42:20
What we need to be able to get to ALDI.
42:22
So we need some form of transportation.
42:24
Car prices have skyrocketed. And what's that liquid stuff you
42:28
need to put in your car to make it go?
42:30
Yeah, oil, gasoline skyrocketed. It's not looking good, guys.
42:35
And then on top of that, this is not an auto repair show, but
42:39
we'll talk about this. Car repair costs have gone up
42:43
nearly 25% in the last couple of years.
42:48
All right? It's crazy.
42:50
It's going to be an interesting ride.
42:52
Are we headed towards a big major breakdown?
42:56
That's the question right when the system has to be reset.
43:01
When. When.
43:03
When things change drastically right below our very feet.
43:07
You know, we it's it's very confusing and scary to think
43:11
about it. But I just.
43:14
I don't know your thoughts on this, but my gut instinct 100%
43:19
tells me that if anything, if anything, is going to hold its
43:24
value, If anything is going to hold its value through all this
43:28
turmoil, it will be silver, it will be gold, it will be
43:35
platinum, it will be land, It will be real assets.
43:41
Because this is just paper. This is still.
43:45
I could go buy a candy bar. Maybe at the dollar store I
43:49
could get a candy bar that's just paper.
43:52
Electronic is just electronic. The real stuff.
43:56
Let me see what I have around here that I can show you, right?
43:59
Huh. Here.
44:01
Coin shop. Chris gave me this a while back.
44:04
Silver Buffalo. Real.
44:07
Real. It was valuable 2 days ago.
44:12
It was valuable 2 months ago. It was valuable 200 years ago.
44:20
Was this valuable? Was this valuable 200 years ago?
44:25
What about what about 2000 years ago?
44:29
Do you think that was valuable? People would probably be amazed.
44:32
Like what is that? But was it valuable?
44:36
Did it have any real value? There goes Jasper the cat again.
44:40
He's he will not leave me alone today.
44:43
It's going to be super interesting.
44:46
Here's Mary Radcliffe. We bought a house that the
44:49
basement was blown out. My husband is a bricklayer.
44:51
He jacked at the house. Oh, cool.
44:53
Wow. That's pretty cool, Mary.
44:56
But built a new foundation. I have to come check that
44:59
basement out sometime. Maybe I could do a guest
45:02
appearance in Mary's basement. Mary's been a critical part of
45:05
helping grow the channel. Hello, Jake.
45:08
Thank you. Yeah, Jake.
45:09
It's paper. I know, man.
45:10
It's like, it's like it blows my mind, right?
45:15
That, that this can be exchanged for metal?
45:21
It just blows my mind. Yes.
45:25
And Jasper's an old school gangster.
45:27
He is. He's he's an interesting boy,
45:29
that's for sure. Marshmas says Fiat currency.
45:34
Rest in peace. 2023, no doubt. It'll be interesting, Marshmas.
45:41
I don't, you know, and William Middlecoop said this as well, he
45:45
said what he sees is that is that it's not like it's likely
45:52
that, you know, like the dollar is going to be completely gone,
45:55
completely destroyed, right. It's possible, it's possible,
45:59
but that we're going to be living in a new system where
46:02
there's two separate two separate systems altogether and
46:08
that is not going to be good for the value of the US dollar.
46:13
We don't think that like, oh, the dollar's going to be gone by
46:16
the IT could. It could.
46:19
Marshmas, I'm not arguing with that.
46:21
It's definitely within but. But at the end of the day,
46:25
what's more likely to happen is a new system emerges.
46:29
What I think is interesting about it is and and and most
46:34
people don't agree with me on this, but I think, you know, I
46:37
would put forth 2 arguments, #1. We've never really gone off the
46:41
gold, silver, and I could say platinum standard as well,
46:44
right? You can, you can convert your
46:46
paper dollars like Jake with those just saying for for a
46:49
metal. So there's that.
46:51
You know you're you're still able to value the dollar in
46:55
gold, let's say, OK, but but as the world as Russia and China
47:03
and Brazil and India and Argentina and Saudi Arabia and
47:10
the United Arab Emirates all gain economic power and all also
47:18
recognize right, the value of precious metals, we could be put
47:23
into a situation where it's going to force to 1 degree or
47:28
another, the United States onto recognizing a gold standard.
47:33
I I hope that makes sense. It makes sense in my mind.
47:37
And again to me it goes back to it's just the natural way.
47:40
It's always, you know, gold and silver have been you know, the
47:46
the earth's money. God's money, some people call
47:48
it. I don't know.
47:49
It's going to be very, very, very interesting. $1.00 = 1
47:54
square at toilet paper. Going job grass.
47:58
Golden oil will be the end game. All right, guys, I'm going to
48:01
tune out. I don't know if I'll be on
48:03
tomorrow or not. I'm supposed to bring my
48:06
daughters and their friend to the Fright Fest at Six Flags.
48:12
I don't know what time we're going to go.
48:14
I'll do my best to maybe get on sometime in the morning with you
48:17
guys. Jake, thank you.
48:20
Coin shop, Chris. Of course.
48:22
Thank you. OK.
48:23
Your help is super appreciated. Mary Radcliffe, thank you.
48:28
I think Neil was on here as well.
48:30
Thank you. Snake bite.
48:32
Thank you. Tony Erickson.
48:34
Hey, you guys are great. Cranky Stacker.
48:39
Marsh. Maz, right.
48:41
Marco Dwayne. Libby, Leif Johnson.
48:43
Sassy Silver. Thank you.
48:45
Sassy Silver. You're a great supporter of the
48:48
channel Dinar. Yeah, and the awesome mods.
48:52
Yeah, they do a great, great job.
48:54
If you guys ever have questions, be sure you put them into the
48:58
into the comment section. These guys really go out of
49:01
their way to answer questions. It's going to be a fun ride, you
49:05
know? Right now.
49:06
I know. Look, I got a I wanted some of
49:09
the other people to get out of here.
49:10
I want to tell you something. I know.
49:13
OK. It's been, it's been challenging
49:16
the last couple years. We aren't beaten to a pulp,
49:19
although we're semi beaten to a pulp, things could get it can
49:24
change so quick for the silver and gold market, OK?
49:29
And the platinum market and the precious metal mining stock
49:33
market. It can change very quickly and
49:37
we've been through what feels like to me now like a six month
49:40
period of artificial calm. You know, who knows what's
49:44
brewing beneath the beneath the surface.
49:46
I'm telling you, those 10 year bond rates, if they stay around
49:50
4 1/2, if they get up near 5, that could be like spooky, scary
49:55
time. And maybe it'll happen right
49:57
around Halloween. I don't know.
49:58
We'll have to find out. Hey, this is a big deal that
50:03
you're here. I appreciate you.
50:05
I appreciate you joining me. Each and every one of you.
50:08
You know, we're in this battle together and we're going to hang
50:12
tight. And I'll see you.
50:13
I'll probably see you tomorrow. Thank you the.