Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 💥 SILVER INVESTOR 💥 Breaking PRECIOUS METALS Price Market Update!!... (Gold Price Too)

Transcript

💥 SILVER INVESTOR 💥 Breaking PRECIOUS METALS Price Market Update!!... (Gold Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Silver price and gold price continue their March higher.
• 0:06
  They are not defying reality. Instead, what I say is they are
• 0:12
  accepting and settling into a new reality.
• 0:17
  A reality that we knew what was coming.
• 0:19
  A reality that you likely could see as the future as you just
• 0:24
  looked at the basic fundamental factors as to why the value of
• 0:30
  silver and good gold would continue higher.
• 0:33
  We're going to talk about all those reasons today, OK.
• 0:36
  But first let's do a quick update on what is going on in
• 0:39
  the market. You know, before that, let's do
• 0:42
  the very most important thing and that is say thanks to you
• 0:45
  for joining us today on this video live stream.
• 0:49
  It's a big deal when you're here.
• 0:51
  You really are the most important part of Ron's
• 0:54
  basement. This couldn't be possible
• 0:56
  without your participation. Basement dwellers United and we
• 1:01
  are in a good period of time for the silver and gold price and
• 1:05
  depending on how long we all live right, I'll be here every
• 1:08
  day. We're going to be in for more
• 1:10
  and more good times in the future, but let's go take a
• 1:13
  look. Why don't What do you say we go
• 1:15
  take a look at the silver price. We'll go out the Yahoo Finance
• 1:19
  and we will go to the let's do the gold futures first.
• 1:23
  What the heck shake things up. We love gold.
• 1:26
  We kind of talk more about silver, but look at that guys,
• 1:30
  the December 24th, hold on here, December 24th, that would be
• 1:35
  Christmas Eve and we're going to talk about the holiday season
• 1:38
  coming up here a little bit later, but the December
• 1:42
  Christmas Eve gold contract is at $2752 per oz.
• 1:50
  Wowzers, look at that. That's the maximum that goes
• 1:54
  back to what, 2001? So that's about a 25 year chart.
• 2:00
  Take a look at that cup and handle and man, look at that
• 2:03
  breakout we've had in gold. But let's go to our friend
• 2:06
  silver. We love our silver and see
• 2:10
  what's happening right now in the future market.
• 2:12
  Looks like they're trying to whack it down a little bit here.
• 2:15
  OK, $34 again Christmas Eve. It'll be interesting to see
• 2:20
  where this contract settles on Christmas Eve.
• 2:24
  We've talked about $44.00 silver, but right now we're at
• 2:28
  34. Will that three be changed into
• 2:32
  a four? Will we see $44.00 silver?
• 2:35
  I still believe that's two months, right?
• 2:38
  Today's the 21st of October, two months.
• 2:41
  That's a long enough period of time for the price of silver to
• 2:44
  skyrocket. We'll see how that all plays
• 2:47
  out. But very interesting.
• 2:48
  What we don't want to see basement dwellers is this, this
• 2:52
  three turn into a 2A29 or 28 or oh Lord, $27.00 per oz.
• 2:59
  But I think that is extremely unlikely at this point in silver
• 3:04
  continues to demonstrate its strength.
• 3:07
  Now the mainstream media is joining the party.
• 3:12
  Why is that a big deal? That is a big deal the
• 3:16
  mainstream media, right? Because guys, as we've talked
• 3:20
  about, there is such a small amount of money of the financial
• 3:25
  assets, all the paper Unicorn fart dust, right?
• 3:29
  Make believe, Fiat, whatever you want to call it, a such a small
• 3:34
  infin, infinitesimal, infinitesimal, if that's a word
• 3:40
  portion of the world's wealth like .5% are the king himself.
• 3:47
  Rick Roll, the ruler of the precious metal world always
• 3:51
  brings that up .5% If the mainstream media picks up right
• 3:56
  in the sheeple out there who watch TV and read Reuters right,
• 4:03
  If they come along, we could see 456-1020 times the amount of
• 4:08
  money right from the sheeple coming into the precious metals
• 4:13
  market. OK, I won't do the sheep thing
• 4:15
  anymore. Let's see what Reuters, What is
• 4:18
  Reuters saying about the silver price and the gold price?
• 4:22
  This does matters. Reuters is one of the biggest
• 4:24
  financial news agencies in the world, right behind Bloomberg
• 4:29
  and Ron's basement. We are growing basement
• 4:33
  dwellers. And it's a big pleasure that you
• 4:35
  chose right now to be here. So I'm going to give you some
• 4:38
  value because global uncertainties propel gold to
• 4:43
  record highs. Whoa, whoa, whoa, whoa, whoa,
• 4:46
  whoa, whoa, whoa. Wowzers, I I didn't even see
• 4:50
  this guys. Reuters in their headline has
• 4:55
  silver. Let's go back to that.
• 4:58
  What? What do you see that right
• 5:02
  there? Hold on.
• 5:02
  That that that deserves for us to get the crayons out.
• 5:07
  Where's the crayons? There's the crayons.
• 5:10
  Hold on here. Wow, that's pretty good circle.
• 5:14
  I'm getting good at the silver sores.
• 5:17
  OK, get rid of that. Let's go down and see what they
• 5:20
  had to say here. Summary, because we like summary
• 5:25
  Silver. So that's their first thing in
• 5:27
  the silver summary. Woof, that's a tongue twister.
• 5:30
  Silver's in the summary, and the summary says that silver scales
• 5:33
  the highest level since late 2012.
• 5:39
  That's a huge deal. Silver has not been this high
• 5:43
  since 2012. I had a guy yesterday.
• 5:46
  Let's get back to this. I need to look you in the eye.
• 5:48
  Somebody brought up a point in the comments section like, oh,
• 5:51
  there's all kinds of people who bought silver at 35 and 40 and
• 5:55
  $45.00 that it want to sell. There's not.
• 5:59
  I argue that point. I don't agree with that.
• 6:01
  Hold on here and I'm going to show you why right now in the
• 6:03
  chart briefly. Here's silver, let's go out to
• 6:08
  the Max level. OK, so here.
• 6:11
  Oh man, this is not long enough. Well, anyway, this is a good,
• 6:13
  good way to show you go to full screen.
• 6:16
  This is why we don't have a lot of people looking to sell silver
• 6:20
  at the current price, OK, because because let's get this
• 6:25
  over here over here, OK, there's the current price right here.
• 6:30
  OK, $34 if you look, I'm going to break the crayons out here
• 6:36
  again. This is why we don't have to
• 6:38
  worry about that in my, my opinion, right is because here's
• 6:44
  $34 right roughly. And it wasn't real straight, but
• 6:49
  you get the point. Silver was only above this point
• 6:53
  back in 2011. For what like 6 months, maybe a
• 6:57
  year, not a lot of people bought silver up here There's a lot of
• 7:02
  people who bought silver down here $30 make sure I got you on
• 7:07
  the screen, which I do all these people that bought silver down
• 7:11
  here right 30 dollars $20 2020 2020 20/20/2020 for decades.
• 7:19
  Why are we, you know, 10 years whatever 252520 briefly.
• 7:23
  Hopefully you bought some there. 20/20/22 OK, all those people
• 7:27
  that bought silver at that level, guess what buttercup?
• 7:31
  They're in the money. They're in the money and that
• 7:35
  probably includes you. How many people out there, if
• 7:38
  you want to say it in the chat, bought silver for $40.00 an
• 7:41
  ounce? Not many.
• 7:42
  Most of us are in the money. It might sound funny.
• 7:47
  No more singing for the rest of the live stream, I promise you,
• 7:50
  but we aren't going to sell. Do you want to sell your silver
• 7:52
  right now? No, you don't want to sell your
• 7:54
  silver. Back to the Reuters article,
• 7:57
  Reuters, Reuters, as I like to call them, that's their oh, I
• 8:01
  hate when this happens. There we go silver their top
• 8:06
  point right, scales to the highest level since 2012 gold to
• 8:10
  reach 2900 and Oz gold is risen over 32% so far this year.
• 8:15
  Gold rallied for a fifth straight day on Monday, hitting
• 8:18
  a record high on uncertainties around the US election.
• 8:23
  That's like November 5th. OK, Ongoing Middle East tensions
• 8:27
  and expectations of central bank's interest rate cuts while
• 8:31
  silver hit a 12 year peak. Everything is in our favor,
• 8:35
  guys. Everything right Now, that
• 8:37
  doesn't mean that can change, right?
• 8:39
  But remember how three years ago, I'll tell you a secret,
• 8:44
  everything was working against us. the Fed was raising rates
• 8:48
  every, you know, the dollar was going up and everything, we
• 8:51
  everything was against us. And gold and silver fought the
• 8:54
  good fight. Now, and really just recently,
• 8:58
  so many things have changed to our favor that now we're like a
• 9:02
  sailboat that has like perfect conditions, a tailwind, however
• 9:05
  you want to say it. Let's go down here.
• 9:08
  Look at gold, quote, the uncertainties of the US
• 9:13
  presidential election outcome is one factor supporting hedging
• 9:18
  demand for gold. The other probably are the
• 9:20
  geopolitical tensions in the Middle East.
• 9:22
  OK, thank you. That comes from UBS.
• 9:25
  That's like the giant Swiss bank.
• 9:28
  I think they're the ones that bought Credit Suisse.
• 9:30
  It's like a massive 5000 year old bank.
• 9:33
  Whatever, not that old, but old, Giovanni Stubano said.
• 9:37
  Then they talk about the presidential election, blah,
• 9:39
  blah, blah. Here we go in red.
• 9:42
  Ongoing solid demand from central bank also supports gold.
• 9:46
  In my view. We look for gold to reach 2900
• 9:49
  an ounce over the next 12 months, supported by further
• 9:51
  rate cuts from the Fed. Everybody is cutting rates, the
• 9:56
  Bank of England, the EU, and now they're saying it's the world is
• 10:01
  cutting their interest rates. OK.
• 10:04
  Traders are pricing in a 90% chance that the Fed will lower
• 10:08
  rates in November, according to the CME Fed watch tool.
• 10:13
  Gold tends to thrive and low interest rate environment.
• 10:18
  Oh, we got one more thing here, helped by Bola here.
• 10:21
  We're going to they talk about silver in writers.
• 10:27
  A new day has arrived. Silver investors helped by
• 10:30
  Bullion's rally. Spot silver rose 1.1% to $34 per
• 10:36
  oz, its highest level since 2012.
• 10:38
  We've covered that almost 2012 Times Now.
• 10:42
  There is little to stop silver's upward March if gold continues
• 10:46
  to set new highs, but any downside could turn the 3255
• 10:51
  resistance into New South into a new support level that came from
• 10:56
  Kinesis money. Very interesting.
• 10:59
  And we've talked about that we're going to talk about that a
• 11:01
  little more in a second. Absolutely crazy.
• 11:04
  Oh, let's go out. I want to go out.
• 11:06
  Let's go Let's see how long are you guys dying to know?
• 11:10
  I mean, we just we can't wait to hear from our old friend Jerome
• 11:14
  Powell again. Let's let's go see how long we
• 11:17
  have until the next Fed meeting when they cut interest rates
• 11:20
  again up here. The next FOMC meeting will be in
• 11:26
  17 days, man. When's the election?
• 11:29
  It's right after the election. It's after the big bricks
• 11:32
  meeting. And if we go down here, this is
• 11:35
  the the website guys, Fedwatch CME Group.
• 11:40
  If we go down here, we can see what the odds are of a rate cut.
• 11:45
  And here's the current rate, 4.75 to 5.
• 11:49
  The there's a 90% chance that they're going to cut it by 1/4
• 11:53
  point from 4.75 basically to 4.5.
• 11:58
  And there's a 10% chance now that they won't cut rates at
• 12:01
  all. We'll see how this all plays
• 12:04
  out. Man, it is going to be a crazy
• 12:07
  interesting couple weeks ahead of us here.
• 12:10
  OK, Susie, thank you. Just alerted me that we have two
• 12:13
  super chats. Silver Surfer.
• 12:16
  Let's pull him up. A great friend of the channel.
• 12:19
  Silver will be $64 by the end of the year.
• 12:23
  The analytics point to this, not my hubris.
• 12:28
  We love you Silver Surfer. Thank you $64 man.
• 12:35
  I'm going to, I'm going to have you on.
• 12:38
  I tell you what brother, if we get above $44.00, I'm going to
• 12:41
  have you on. Love it.
• 12:43
  Thank you Silver Surfer. Thank you for the Super chat.
• 12:45
  And then our good friend Dan W, Ron and family some love.
• 12:49
  Thank you Dan man. You guys, this channel, the
• 12:51
  people that are here in this community are really second to
• 12:55
  none. So thank you guys for #1 again
• 12:58
  in here. Don't forget you can subscribe
• 13:00
  to the channel. I have a special going right now
• 13:03
  on subscriptions. They're free.
• 13:05
  They always have been free. They always will be free.
• 13:08
  We just want you to come back, right?
• 13:09
  You're part of the group, you're part of the family, you're part
• 13:14
  of the basement. You're all down here with me.
• 13:17
  800 people. Wow, it's crazy.
• 13:21
  We have the, we're going to have to start limiting.
• 13:22
  But you know, if you subscribe now, you'll get in OK.
• 13:26
  So we are going to see shortages and silver.
• 13:29
  It hit me last night, you know when something hit you like and
• 13:32
  it just makes sense. We are going to see shortages in
• 13:36
  the silver market on, on both the industrial level and on the
• 13:42
  retail level and on the investment level.
• 13:45
  It's coming. We're going to have a situation
• 13:47
  that unfolds similar to what happened in the nickel market,
• 13:51
  what a year, a little over a year ago when on the London
• 13:54
  Metals Exchange, they had a massive short squeeze in the
• 13:58
  nickel market. The reason why we're talking
• 14:02
  about a short squeeze again in the silver market is very, very
• 14:06
  simple, OK? The fundamentals are pointing in
• 14:10
  that direction. Massive short interest right now
• 14:15
  on the paper exchanges, massive amounts of demand, massive
• 14:20
  deficit in the silver market. And this is where I think is
• 14:23
  very interesting, right? Nobody's talking about the
• 14:27
  silver squeeze. Like, I mean, a few of us,
• 14:30
  nobody's talking about it. But that's good.
• 14:32
  Don't we aren't going to spread those, Keep it our secret
• 14:35
  because that's when these things happen, when people, when the
• 14:38
  general public generally doesn't expect it to happen.
• 14:41
  Nobody expected the great financial crisis to happen.
• 14:44
  Were you alive in 2007 and 2008? I was, I was sitting down here.
• 14:49
  I remember sitting down here in 2008, whatever, year 878,
• 14:54
  whatever it was, and I had CNBC on the television.
• 14:58
  I remember the S&P 500 being at 666 and thinking, oh, the mark
• 15:03
  of the devil. And I think that was actually
• 15:04
  the very lowest. It's like 10 times higher now.
• 15:07
  It's insane. We're in a bubble, bubble,
• 15:10
  bubble. Trouble, trouble.
• 15:11
  Silver and gold will be your friends.
• 15:14
  So let's talk about the breakout quickly, OK.
• 15:17
  And then we got, oh, man, we got a lot to cover.
• 15:20
  We got a lot to cover. And there's so much going on in
• 15:23
  this silver market. Why don't we go out and do a
• 15:26
  quick update on the price? Here we are at Pinbacks channel
• 15:29
  sponsor Pinbacks spelled Capital P, capital I, Capital M, capital
• 15:34
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• 15:37
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• 15:42
  buying silver and gold. Compare their prices to the
• 15:44
  other big online bullion dealers.
• 15:47
  Hint, hint. You might just be shocked.
• 15:49
  And for me, I always like to get more metal for my money, but
• 15:53
  it's also very important that I work with a company I can trust.
• 15:56
  I have now completed at least five and actually make it 6.
• 16:01
  But to me were large transactions with Pembex.
• 16:04
  Every one of them went off without a hitch.
• 16:07
  These guys are quality. The brothers that run the
• 16:10
  company, they're Cpas, they're good people.
• 16:12
  They want to get metal into the hands of the stacking community.
• 16:16
  If you want to support Ron's basement, Pembex supports Ron's
• 16:20
  basement. So you can help support Pembex.
• 16:22
  I'll never tell tell you what to do.
• 16:23
  All I'll say is please consider them next time you're looking to
• 16:26
  buy some silver, gold or platinum group metals.
• 16:29
  You might be very, very surprised like I was.
• 16:33
  Let's press the button here, OK? Silver 33.
• 16:37
  OK, Silver 33O Silver $33.84. This is showing red right now,
• 16:45
  guys. Silver $33.84, Gold $2732.00 per
• 16:53
  oz. We have a lot to be grateful
• 16:56
  for. If we close red today, no big
• 16:58
  deal right now. Let's just be very happy, right?
• 17:02
  If silver can even just for the next week, OK, stay above 3250,
• 17:09
  thirty $3 per oz. That is critical.
• 17:12
  It can go higher, right? Next I said next this coming
• 17:15
  Saturday, we could be talking about 3630 seven $40 silver.
• 17:19
  No, no, no joking. That can definitely happen but
• 17:26
  what's critical? All right, what's critical?
• 17:28
  And the guys at Kinesis said it. We said it last night.
• 17:31
  Silver Hermit said it. I've heard a lot of people say
• 17:33
  this is that we hold what had previously been resistance.
• 17:38
  Let me draw it for those of you who weren't on last night.
• 17:41
  This is a critical situation that we are in with the silver
• 17:46
  market right now. So let's go to the oops, let's
• 17:51
  go to the three month chart of silver.
• 17:53
  This is the futures price. Let's go to the six month chart.
• 17:57
  OK, there we go. Let's get out the crayons
• 18:01
  quickly and here we are. OK, don't forget, this was this
• 18:09
  was the battle, epic battle for the ages. 3250 silver, right?
• 18:14
  Boom, boom, boom, boom, boom. We talked about this a million
• 18:16
  times. We broke through.
• 18:18
  We're at 34. We we won the battle of the
• 18:21
  silver. Now we could do one of two,
• 18:24
  three things. We could keep going straight up,
• 18:27
  right, which would be awesome. The other thing that could
• 18:30
  happen is from here, you move this out of the way.
• 18:34
  This is so important. This is what you really need to
• 18:37
  pay attention to and the damn darn washing machine is going
• 18:42
  crazy over there. Apologize if that background
• 18:45
  noise is bothering you. Let Susie know in the comments
• 18:48
  and I can shut the washing machine off is if we come back
• 18:53
  down in silver price, if we if we consolidate that we hold this
• 18:58
  level. This is what's critical to
• 19:00
  watch, guys. Like I said, right?
• 19:03
  We could continue straight up to do a little arrow, but if we do
• 19:11
  come back down a little bit, oops, this is where we want to
• 19:17
  hold and then what? Ideally, if we do pull back a
• 19:21
  little bit, we want to see a bounce back from there.
• 19:24
  And this is where Silver Surfer Silver, my friend is talking
• 19:29
  about, you know, $64 silver by Christmas.
• 19:32
  So that's the big deal. That and the what the easy way
• 19:35
  to explain that is that what had previously been resistance,
• 19:39
  right? We fought and fought and fought
• 19:41
  to get above 3250. That now becomes support because
• 19:46
  there's a lot of people out there, a lot of traders, a lot
• 19:49
  of investors. Are you part of this group?
• 19:51
  This is why it's so critical that are thinking, well, I kind
• 19:54
  of missed the silver run, blah, blah, blah.
• 19:56
  But if it gets back to 32 or 3250, I'm going to buy, buy,
• 20:00
  buy, buy, buy. That's why that is so critical.
• 20:04
  OK. Oh, this is wonderful.
• 20:11
  Silver and gold need to become the hottest investment going,
• 20:15
  right? If we want the price to
• 20:16
  skyrocket, it's got to become the the biggest thing.
• 20:20
  Everybody's talking about it. No, that's wrong, guys.
• 20:23
  That is absolutely wrong, right? We live in an echo chamber.
• 20:28
  We love gold and silver. We talk about it all the time.
• 20:30
  99% of the people do not talk about it.
• 20:33
  OK? What we need, This is all we
• 20:36
  need. This is good news.
• 20:38
  This is good news. All we need for much, much
• 20:41
  higher prices in silver and gold in the West, in America, Canada,
• 20:48
  Australia, Europe, England, anywhere you guys are joining
• 20:52
  from and you guys are joining from all over the world.
• 20:55
  All that we need is for silver and gold not to be loved.
• 21:00
  They don't have to be loved, right?
• 21:01
  That's the euphoric stage. That's that's like that's like 3
• 21:07
  or 4 stages out. That's when you're feeling
• 21:09
  that's when we're all hanging out on a beach together, right?
• 21:14
  Clinking this stuff. Hear that?
• 21:17
  That's the sound of silver. Hello, Hello, brightness, my new
• 21:23
  friend. OK, anyway, that's the euphoric
• 21:26
  stage that's out there. What we need, all we need is for
• 21:32
  silver and gold to be just a little bit less hated.
• 21:36
  OK? We love it.
• 21:36
  We're an echo chamber. We're the smart ones.
• 21:39
  You're ahead of the curve. You showed up.
• 21:41
  You showed up early for the sold out theater show.
• 21:45
  You got your ticket, you got your seat, right?
• 21:48
  We don't need, we don't need the for silver and gold to be
• 21:52
  euphoric. And you know, that'll be great.
• 21:54
  Like I said, we'll be on a beach.
• 21:55
  We'll be doing this from a beach together.
• 22:00
  Wait, so you see my physique anyway?
• 22:03
  No, all we need is for it to be a little less hated.
• 22:05
  And again, that's another Rick rule thing, or at least that's
• 22:08
  where I heard it because the gold to silver ratio, especially
• 22:12
  for silver especially. Wait till you see this.
• 22:16
  Let me show you this. Let me show you this.
• 22:17
  Let me pull this up. This shows the gold, the gold to
• 22:25
  silver ratio for silver to explode, right?
• 22:28
  Right now the gold to silver ratio is, I don't know, 8085
• 22:31
  somewhere in that range if we get a gold to silver ratio.
• 22:36
  Thank you, Susie for that. We got a super chat.
• 22:39
  I need to recognize here in a second, but if we had a gold to
• 22:42
  silver ratio right now of 50, what I mean silver would be way
• 22:48
  above $50 per oz, right? We're at 80. 50 is kind of the
• 22:52
  recent average when we look at these numbers.
• 22:54
  This shocked me. This was, these are old numbers,
• 22:58
  right? But in Japan, from the, you
• 23:02
  know, what was that 500 years ago?
• 23:04
  It was 5 to one, OK. If you go up near the top during
• 23:08
  the reign of King Krausius and Lydia, 550 BC, it was 13 to one.
• 23:13
  We are at what? I mean, these are crazy numbers.
• 23:16
  Germany, OK, 12:50 So medieval Italy, when they ruled the world
• 23:21
  for a while, it was 8:00 to 1:15 to 19 to 1.
• 23:25
  You know, And sure, I'm not going to argue.
• 23:27
  I know things have changed. Things are, you know, I guess to
• 23:30
  a certain degree different. Now, however, the gold to silver
• 23:34
  ratio is out of control. And you know, here's the best
• 23:40
  way for those of you who are new to the channel to think of the
• 23:43
  gold to silver ratio. It's like a elastic band, OK.
• 23:48
  And if you think of this as the gold price and you think of the
• 23:51
  silver truck as the silver price, as the gold price goes
• 23:56
  higher and higher, see how it's stretching out and higher.
• 24:00
  This is where we are right now, right?
• 24:02
  This, this red elastic band is an 85 to 180 to one gold.
• 24:08
  The silver ratio takes 85 ounces of silver to get one ounce of
• 24:12
  gold. You divide the gold price by the
• 24:15
  silver price. It's, you know, we are, we do
• 24:17
  some complex math down here in the basement.
• 24:19
  So the gold price continues. And I got to go back further and
• 24:24
  to go higher pulling it. But there's also all this
• 24:27
  tension that's what they call and I can, it's feel so good,
• 24:31
  right? A slingshot move.
• 24:32
  I'm not saying silver's going to become more valuable than gold,
• 24:36
  but this tension that's in the gold has to be released and we
• 24:40
  get maybe to here, which is a 40 or 50 to one gold to silver
• 24:45
  ratio. I mean, we forget, we don't, we
• 24:48
  talk about it not often enough. It's a big deal and it will make
• 24:52
  a difference in the silver and gold price.
• 24:55
  Oh my gosh. OK, let's go to this great
• 24:59
  article. Hold on here.
• 25:03
  I apologize. Hopefully we're still alive.
• 25:05
  Sometimes I press the wrong button.
• 25:07
  Hope hopefully you guys can see me and hear me still.
• 25:10
  Hopefully you're we're all I feel you in the in the basement.
• 25:13
  So I believe you're still here. Thanks again, Silver Surfer, Don
• 25:17
  W and Silver Star. Thank you for the Super chat
• 25:21
  man. You guys are being super
• 25:22
  congratulations to all our fellow basement dwellers.
• 25:25
  Yes, guys, but we got, thank you Silver Star, man.
• 25:28
  We got a hold 3250 and silver that's critical, critical.
• 25:33
  And don't you think for a second that the Comex in the LBMA are
• 25:37
  not going to levy a huge fight to try to tamp the price down,
• 25:41
  OK, They will try and try and try.
• 25:43
  There are powerful forces out there that really do not want to
• 25:48
  see the silver price explode. However, the physical market,
• 25:53
  the changes in the world, China, India that that they have, they
• 25:57
  have a different plan in mind and it's a plan that's going to
• 26:01
  play out. Let's go see what the gurus.
• 26:03
  Let's go check on the gurus for a minute and see what the gurus
• 26:08
  are saying about silver and gold.
• 26:09
  There's some very interesting points.
• 26:11
  This is from Silver Phoenix 500 Gold drives the session highs
• 26:16
  and silver ended last week up 5%.
• 26:20
  Now Jesse Colombo is super respected in the precious metals
• 26:24
  community. Here's what he had to say.
• 26:27
  He's the founder of the Bubble Bubble Report.
• 26:29
  He said he doesn't see froth in this market, right?
• 26:32
  This market, guys, has gone up very consistently as the rally
• 26:36
  came after a period of consolidation.
• 26:39
  Gold is just getting started and retail investors, excuse me,
• 26:44
  haven't fully jumped in yet, he said.
• 26:47
  I believe the real FOMO, which is the fear of missing out, is
• 26:52
  still ahead as we approach 3000. And doesn't that make sense to
• 26:57
  us, right? I mean, like, I think when gold
• 27:00
  hits 3000, that's when that's when we could really.
• 27:04
  And again, that's not going to be the euphoric end stage, but
• 27:07
  that's when we could really. That's when gold becomes less
• 27:11
  hated by the general investment community.
• 27:14
  That's when they're forced right to stop hating it so much.
• 27:18
  And that alone is going to be enough to continue to propel the
• 27:21
  price of both the precious metals way higher.
• 27:23
  Colombo added that a solid close above 2700 puts gold on track
• 27:28
  for $3000 an ounce. Rick Chichan, president and COO
• 27:33
  of Asset Strategies International, echoed the
• 27:36
  sentiment, expressing optimism about gold's future.
• 27:40
  Gold and an all time high is still dirt cheap.
• 27:44
  Dirt cheap. This rally is just getting
• 27:52
  started. He said, quote, investors should
• 27:55
  stop waiting and jump in. Whoo.
• 27:58
  He's really optimistic. Chi Chan added that those
• 28:02
  concerned about froth and the gold market need to consider the
• 28:05
  broader landscape. He pointed out there are limited
• 28:08
  options for investors looking to park their capital.
• 28:14
  If you have extra money, where are you going to put it?
• 28:17
  We we talk about this guys and there is extra money.
• 28:21
  Hold on, let me look at you. This is a big, big, major
• 28:24
  critical point. There is extra money.
• 28:27
  There's $6.5 trillion sitting in money market accounts, bank
• 28:34
  accounts, or however you want to think of it.
• 28:35
  Cash 6.5 trillion. The entire silver mining
• 28:45
  industry produces about 34 billion worth of silver every
• 28:51
  year. Do you know what that's like?
• 28:52
  What I don't know. What is that .005?
• 28:56
  I mean, it's incredible. It's it, this is, these are real
• 29:00
  world numbers happening right now.
• 29:03
  OK, we did get the 200 thumbs up.
• 29:06
  I'm going to take this moment. The lightly rang the 200
• 29:11
  cowbell. Thank you for the thumbs up,
• 29:12
  guys. Keep them coming.
• 29:13
  If we get the 400, we'll blow the whistle.
• 29:15
  OK, now let's get back to this article.
• 29:18
  You didn't come to look at me. No.
• 29:23
  OK. Where are they going to put it?
• 29:25
  OK. If you have extra money, where
• 29:26
  are you going to put it? In the bank.
• 29:28
  Are you going to put extra money in the bank when inflation goes
• 29:30
  up to 15% again and you're going to make 2% on your money?
• 29:34
  No short term bonds when interest rates are dropping.
• 29:38
  No Jesse Are or Chichan. Do you think the stock market is
• 29:42
  less frothy than gold? Think about that, right?
• 29:45
  If you got cash that suddenly you're losing money on because
• 29:49
  the bank's not paying you much interest anymore, are you going
• 29:53
  to put it in the stock market that everybody knows the stock
• 29:55
  market's a bubble? Nope.
• 29:57
  Just look at the chart. Gold prices are only going
• 29:59
  higher. Now let's talk about silver.
• 30:01
  While gold garners much of the attention, some analysts suggest
• 30:05
  that investors should keep an eye on silver, which continues
• 30:08
  to outperform in the precious metal sector.
• 30:11
  The gold to silver ratio, like we just talked about, has
• 30:15
  dropped sharply below 82 points, falling to a two week low.
• 30:19
  That's not low. OK, 50 is low is average, 60 is
• 30:23
  average. Despite this, analysts note that
• 30:26
  the ratio remains relatively high as it as its lowest point
• 30:31
  this year was in late May, around 72 December, silver
• 30:35
  futures last traded at $33.40. Blah, blah blah.
• 30:40
  Tommy Costa, one of our favorites partner and macro
• 30:44
  strategist at Crescott Capital, said in a social media post that
• 30:48
  silver's rally is only just beginning.
• 30:51
  Let's do some complicated math guys, because right here they
• 30:54
  told us that the low of the year in the gold to silver ratio was
• 30:58
  about 72. So let's break out our
• 31:02
  calculator quickly and let's go do an update on the gold and
• 31:06
  silver price. Come on, baby, let's press the
• 31:09
  button there. OK?
• 31:11
  Silver's down $0.23. Come on silver, let's just see
• 31:18
  if we have 2726 gold price in the gold to silver ratio, we're
• 31:24
  at 72 right now, we would have $38 silver.
• 31:29
  That's just this year, OK? That is just this year and it's
• 31:33
  all a bunch of BS. We are living in the fantasy
• 31:38
  world, Fantasy Island, in this current economic financial
• 31:43
  system. OK, look at this.
• 31:45
  This was one of the best slides that I've seen in a long, long
• 31:49
  time. I'm going to pull this up for
• 31:50
  you here, right here. This was from a Harvard NBA
• 31:55
  Larry Leopard. OK, thank you, Susie.
• 32:00
  Got another Mr. Shovel super chat.
• 32:02
  You guys are great. He point he pointed this out.
• 32:05
  Look at the dollar. All right, look at the look the
• 32:09
  the dollar is Monopoly money, right, guys?
• 32:12
  Right. I'm going to ask you a question.
• 32:14
  OK, I'm going to ask you a question about the US dollar And
• 32:19
  and I want you to think about this.
• 32:20
  Here's a picture I took this morning.
• 32:22
  I'm going to pull this up. At the top of the screen you
• 32:26
  will see a $1.00 Monopoly bill. Then you'll see a paper U.S.
• 32:31
  dollar, $1.00. And at the bottom or three
• 32:33
  pieces of silver. The one on the right was from
• 32:35
  Coin Chef Chris. The middle from Big Time to
• 32:37
  Silvershire in the left is from Jake, from Jake's Custom Parts.
• 32:42
  Those are sentimental silver pieces for me.
• 32:44
  And anyway, as you look at this, I want you to think about this,
• 32:49
  OK? How different is the Monopoly
• 32:52
  money from from this paper money?
• 32:56
  And the key here that really hit me that I think isn't the
• 32:59
  biggest example of why these two which, which, which of these
• 33:04
  three, which two of these three are more closely related to one
• 33:09
  another? I think it's a pretty obvious
• 33:11
  answer, right? The Monopoly dollar and the
• 33:15
  paper dollar, right? Neither are based on really
• 33:18
  anything. But here's what hit me and I,
• 33:21
  and I think this was it. It really drove the point home.
• 33:25
  And that is that both the Monopoly paper money and the US
• 33:30
  paper money are only valuable when the game is being played,
• 33:35
  when the game is up, right, right.
• 33:38
  Like this, This has been, you know, when they, when the
• 33:40
  Monopoly game's going on, that Monopoly money holds some level
• 33:44
  of value, right? When the US is the world
• 33:48
  hegemony, the world power, the world, however you want to think
• 33:51
  about it, that paper money is valuable.
• 33:54
  And we know, we know is a very is a strong solid fact that it's
• 33:59
  not just, it's not just the paper dollar, right?
• 34:02
  We've got hundreds of examples of other paper Fiat currencies
• 34:07
  that have existed that were valuable but then became
• 34:13
  worthless because the game was up.
• 34:17
  Now if we look back here one more time quickly at this
• 34:20
  picture, all right, that stuff on the bottom that silver and we
• 34:25
  could throw some gold in there too.
• 34:26
  Although I don't keep any gold at my house.
• 34:29
  I don't really own much gold. I own a lot of gold mining
• 34:32
  stocks. So I have a very keen interest
• 34:34
  in gold. But none the less, that silver
• 34:36
  is lasted through all of those periods.
• 34:39
  Wow, You guys are being super generous this morning.
• 34:42
  Thank you. Got another super chat.
• 34:44
  Thank you, Mr. Shovel. And I think that's Danish.
• 34:47
  Keep up the good work and keep stacking.
• 34:49
  Yeah, we will. We're going to keep it up.
• 34:51
  Thank you. Thank you.
• 34:52
  Thank you. Wow, man, there's so much.
• 34:57
  OK. Is the US economy crashing?
• 34:59
  Look at this former executive from Target.
• 35:04
  You know Target, right? Is the US county crashing?
• 35:09
  the US economy is struggling. What does that mean for silver?
• 35:15
  What does that mean for gold? That means as the economy
• 35:19
  continues to struggle that we are going to be in a situation
• 35:25
  that will only result in in the the Fed needing to start
• 35:32
  printing money. OK, Period.
• 35:35
  That's the way it works. That's the way it's going to go.
• 35:37
  Let's go out and see what the what the CEO of Target had to
• 35:40
  say, not the CEO of Target, a former executive from Target
• 35:45
  Corporation. This comes from Zero Hedge and
• 35:52
  they said consumers are running out of money.
• 35:55
  Former Target exec offers dire warning ahead of Christmas
• 36:01
  Consumers are running out of money.
• 36:04
  Now think about that within the context.
• 36:06
  The reason why it is so important is because America is
• 36:11
  a consumer based economy. Sure, we manufacture some
• 36:14
  things, but we've become and that's what they've told us and
• 36:18
  the Fed has said this and every big bank has said this. the
• 36:21
  United States is a consumer based economy.
• 36:24
  It is big trouble when the consumer then is running out of
• 36:29
  money. Let's see what this former
• 36:30
  executive I had to say. He says, quote, it's very clear
• 36:34
  the consumers are running out of money.
• 36:35
  They're increasingly stressed by inflation.
• 36:38
  Do you feel it? I feel it.
• 36:40
  And the exhaustion of their pandemic era savings.
• 36:43
  When you take a look over the last several years, you see that
• 36:46
  month after month everyone is talking about the consumers
• 36:51
  still spending. They might be, but they're
• 36:54
  spending less than the growth of inflation.
• 36:58
  That's critical. We talked about that with the
• 37:00
  quote UN quote, good retail sales numbers last week.
• 37:03
  Well, sure, just from a nominal numbers perspective, retail
• 37:07
  sales look great, right? But they're not factoring in
• 37:11
  inflation, which is critical when we look at the Stork
• 37:14
  Advisor CEO Gerald Stork told Fox Business.
• 37:17
  Blah, blah, blah. OK, I guess that's Gerald Stork.
• 37:19
  Hello, Gerald. Welcome to the Basement, Gerald.
• 37:23
  OK, then that Maria Bartim Moromo, whatever asked Stork
• 37:28
  about his forecast on the upcoming spending season between
• 37:32
  Black Friday and Christmas. That's when, like, I don't know,
• 37:34
  40% of the retail sales happened in the United States, the former
• 37:38
  Target executive said. I don't expect much, frankly,
• 37:43
  because I didn't realize this, but Susie, we were heading to a
• 37:46
  family picnic yesterday and we she was talking about
• 37:48
  Thanksgiving with the girls. And, and then Susie brought up
• 37:51
  the point that Thanksgiving givings like at the end of
• 37:53
  November this year, which is very late, which means that the
• 37:57
  shopping Christmas holiday season between Thanksgiving and
• 38:01
  Christmas is going to be extremely compressed.
• 38:03
  And he says that. He says you have, by the way,
• 38:06
  the shortest holiday. See, Susie, I mean, not only is
• 38:10
  she beautiful, but she's also smart.
• 38:12
  She could be, she could be a retail analyst you could ever
• 38:16
  imagine. So that's against retailers.
• 38:19
  Let's see what Goldman Sachs says, because besides Tarjay
• 38:23
  Stork also was also the former CEO of Toys-R-Us and noted now
• 38:27
  the time. Oh, I just said that.
• 38:29
  Hold on here. Let's go down to here it is all
• 38:33
  right here we go storks outlook for the holiday season comes
• 38:35
  after Goldman Sachs analyst noted that the quote trade down
• 38:39
  phenomenon have you heard about this has rippled across high end
• 38:44
  and low end consumers. The last time trading down
• 38:48
  mentioned sword on earnings calls was during the great
• 38:52
  financial crisis in 2008. What that means is,
• 38:56
  congratulations, Americans, we're all getting poorer, right?
• 39:00
  So the real rich people, instead of buying their food at Whole
• 39:03
  Foods, now they're buying it at the Walmart grocery store.
• 39:06
  The people that bought their food at the Walmart grocery
• 39:09
  store previously, now we're buying it at the dollar store,
• 39:13
  OK. The people that used to go to
• 39:14
  the Gucci store, I don't know. I don't know.
• 39:16
  High end retail. Sorry, guys.
• 39:18
  This is a Brooks Brothers shirt. I buy them used on eBay for
• 39:22
  about 20 bucks each and then I iron them myself and they look
• 39:25
  great. They're wonderful.
• 39:26
  They're like brand new shirts and you go to a Brooks Brothers
• 39:28
  store and they, they charge like 150 bucks for a shirt.
• 39:32
  I get these and they're they're pretty much brand new for 20
• 39:35
  bucks each. That's how I trade down.
• 39:38
  I digress. But the people that were wasting
• 39:42
  their money buying $150.00 shirts at Brooks Brothers,
• 39:46
  right, are now maybe going to Macy's, OK.
• 39:50
  And the people that were shopping at Macy's for their
• 39:52
  shirts, their polo shirts and whatnot, are now maybe buying
• 39:58
  their shirts at JC Penney. And the people that were buying
• 40:01
  their shirts at JC Penney, well, they're going to Walmart.
• 40:03
  You get the point, right? the US economy is slowing down.
• 40:06
  Now. Let's get back here.
• 40:09
  OK, I got another text from Susie.
• 40:11
  Let's see what she said here. She said, hey, bald guys here.
• 40:15
  Hello, Mr. Bald Guy Money, one of my favorite YouTube channels.
• 40:20
  And Bald Guy, one of my good friends, is here apparently.
• 40:23
  So thank you. Thanks for being here.
• 40:25
  And he's got a great interview out with Lobo T Gray, an
• 40:29
  interview that came out yesterday.
• 40:31
  Don't leave now, but leave later and go listen because man, Bald
• 40:35
  guy, he's got some insights. He's one of the sharp ones.
• 40:39
  Thanks for being here. Bald guy money?
• 40:42
  That's Bald guy Money YouTube channel if you want to check it
• 40:46
  out for yourself. What are the wealthy telling us?
• 40:50
  What is Warren Buffett doing? Are we headed for a market
• 40:54
  downturn? Because now the mainstream media
• 40:57
  is picking up on this story, right?
• 40:59
  Warren Buffett selling Bank of America, like a lot of his
• 41:03
  stock, I think he got below the threshold.
• 41:05
  They have to even report how much he owns.
• 41:07
  Warren Buffett selling Apple computer.
• 41:09
  We need to listen to what right And and watch maybe not listen.
• 41:14
  I misspoke. We don't listen, right?
• 41:16
  We certainly don't listen to like Jerome Powell and the likes
• 41:20
  of that. But we we watch what they're
• 41:22
  doing and I don't remember. I don't.
• 41:24
  Do you remember Warren Buffett coming out and saying I'm going
• 41:27
  to sell all my Bank of America stock because I think that
• 41:30
  they're in big trouble? No, they don't come out and say
• 41:32
  that, right? They do and then to the extent
• 41:36
  that we're able to get that information and see what they're
• 41:39
  doing, well, it's not a real good sign of Warren Buffett is
• 41:42
  building up a cash hoard like nothing before.
• 41:46
  And what do we know about Warren Buffett?
• 41:48
  Do you know this about Warren Buffett and silver?
• 41:50
  Now I'm doing this all from memory and I AM 54 years old, so
• 41:56
  don't quote me on this, but I'm 99% sure it's accurate that in
• 42:00
  the mid 90s Warren Buffett bought a massive amount of
• 42:06
  silver. Yes, you know, he was a big, big
• 42:11
  silver investor. Now since then he's I don't know
• 42:15
  that he's really spoken about silver, but he's put down gold
• 42:19
  several times where he's like, well, it doesn't make a return
• 42:22
  and whatever. OK, But there was a point when
• 42:25
  Warren Buffett bought AI mean him and Charlie Munger bought a
• 42:29
  massive amount of silver. Now I'm not, I'm not even going
• 42:34
  to speculate. This would be wild speculation
• 42:38
  to say this, but you never know, right?
• 42:40
  Is Warren building up all this cash because he sees a piece of
• 42:44
  fuzz flying in front of us here, because he sees a big move
• 42:48
  coming in the silver market? It'll be interesting.
• 42:51
  We had a big Oklahoma bank fail last week, our small Oklahoma
• 42:55
  bank fail. He's got a lot of got a lot of
• 43:00
  attention, but here's the deal. Oklahoma bank fails closed by
• 43:04
  the federal agency. The Office of Comptroller of
• 43:07
  Currency closed the Lindsay bank on Friday due to quote false and
• 43:12
  deceptive bank records. OK basement dwellers, they
• 43:19
  closed a bank because of false and deceptive bank records.
• 43:24
  I can't help but laugh because aren't all banks guilty of that
• 43:30
  false and deceptive records? Because here's why almost every
• 43:36
  bank in this country is insolvent.
• 43:38
  I heard Lynette Zhang say it. I've heard a lot, and I have AI,
• 43:41
  have a degree in accounting, and I worked nine months for one of
• 43:44
  the big four accounting firms. So I understand banking and
• 43:47
  finance. Let me tell you something,
• 43:49
  buttercup. Most of the banks are insolvent.
• 43:51
  You know why? Because the banks in the United
• 43:54
  States bought a boatload of treasuries of government bonds
• 44:00
  when the rates were super low. Now that the rates went up, now
• 44:03
  the situation may have gotten a little bit better, but the
• 44:06
  actual assets between bonds that have gone way down in value and
• 44:12
  commercial real estate, remember that that's not gotten any
• 44:15
  better. Commercial real estate book of
• 44:18
  business that has gone down. The value of the of those the
• 44:22
  banks don't the banks, the banks get to do what's called Disney
• 44:27
  World accounting. This will be quick, but this is
• 44:30
  critical to understand your bank right that bought all those
• 44:33
  bonds that maybe are now worth $0.70 on the dollar.
• 44:37
  They've lost significant amounts of value.
• 44:39
  They're not required to report that as long as they as long is
• 44:45
  they intend to hold those bonds all the way till maturity, which
• 44:50
  could be 10 or 15 or 20 years. Meaning though if everybody
• 44:54
  showed up at once and wanted their money back and the banks
• 44:57
  had to sell the bonds, they wouldn't have the money to cover
• 45:00
  it. Now look, I'm not, I'm just, I'm
• 45:03
  stating the facts. Not everybody's going to show up
• 45:07
  at all the banks and want their money.
• 45:08
  But when they did remember like a year and a half ago when
• 45:12
  everybody showed up at Silicon Valley Bank and wanted their
• 45:16
  money back, and Silicon Valley Bank didn't have the money,
• 45:20
  right, because they bought, you know?
• 45:21
  And so this has happened before. So when we read that a bank got
• 45:28
  shut down for the world's becoming very funny.
• 45:35
  Oklahoma bank fails and the Office of Comptroller Currency
• 45:39
  said it was due to false and deceptive bank records.
• 45:43
  Well, you know what, I think it's pretty safe to say it's
• 45:46
  Disney World accounting, Disneyland accounting in the
• 45:49
  banking industry, right? There was a fasby financial
• 45:53
  accounting Standards Board that came out after the great
• 45:55
  financial crisis, right, which allowed them to not have to do
• 45:59
  mark to market. Like if the banks had to
• 46:02
  actually admit how much money they've lost in the last five,
• 46:07
  4321 years, right? It would be, it would be insane,
• 46:12
  but they don't have to do that. It'd be, and I'll shut up on
• 46:14
  this. I promise I'll zip it.
• 46:16
  But it'd be like if you, but it'd be like if I gave you
• 46:20
  $100,000 and said here, invest this for me, OK.
• 46:24
  And you invested it. And what's that company called?
• 46:28
  NVIDIA stock? Because that's the hottest thing
• 46:31
  going, right? And suddenly NVIDIA lost 30%.
• 46:36
  And so now instead of having my 100 grand, all you had was 70
• 46:40
  grand. But you don't have to tell me
• 46:42
  that unless I decide I want my money back.
• 46:47
  That's how the banking industry works.
• 46:49
  Sorry, I digress. Biggest news story of the week.
• 46:55
  Let's be prepared, right? The big bricks meeting.
• 46:57
  Who knows what's going to come of this.
• 46:59
  There's speculation that we could hear about this gold
• 47:02
  backed currency, trade settlement currency.
• 47:05
  That would be, to me, shocking news.
• 47:09
  Shocking news. We know about Bricks Pay, this
• 47:12
  new pilot program, this payment system they're enabling between
• 47:16
  the countries, and apparently that's working very well.
• 47:19
  That alone, right, is allowing these bricks company countries
• 47:24
  to do financial transactions outside of the traditional
• 47:30
  Western system, which is a big deal.
• 47:32
  It allows them to number one, they save a lot of money is what
• 47:35
  I'm hearing by doing it that way.
• 47:37
  Because like, you know, big like MasterCard, I think that's in
• 47:41
  Saint Louis. We got a big giant man.
• 47:42
  Thousands of people work for MasterCard, Visa, the Federal
• 47:46
  Reserve, the SWIFT system, however you want to look at it,
• 47:49
  the Western financial system is, is expensive for the BRICS
• 47:55
  countries to use, right. They got to do a lot of
• 47:57
  conversions into dollars and all that.
• 47:59
  Will this new bricks pay system allows them to do transactions
• 48:03
  with one another completely outside of the Western system.
• 48:08
  They can use their own currencies.
• 48:10
  Somebody, even somebody had a screenshot that one of the
• 48:14
  payment options was I think it was X AU, which apparently is
• 48:18
  gold. I don't know.
• 48:19
  I'm not a guru in this area, but I do know that the BRICS meeting
• 48:22
  is this week in Russia. I do know that the president of
• 48:27
  China will be there, XI Jiang Pi think his name is.
• 48:31
  I do know that the president of India will be there.
• 48:34
  OK. I do know that India and China
• 48:37
  are like the the precious metals cornerstones of the world.
• 48:41
  So it is a big deal. And we know what Russia's doing.
• 48:44
  Russia's the leader, the leader of the pack, right?
• 48:48
  And we also know, God, there's so much going on, Russia's
• 48:52
  government is going to start buying some silver.
• 48:55
  I think that whole thing is, is a definitely a good sign in that
• 48:58
  in that other countries could follow Russia.
• 49:00
  But I don't know how you feel about this.
• 49:02
  It didn't seem like it was a huge amount of money.
• 49:04
  Some people are saying, oh, it's going to create the silver
• 49:06
  squeeze. We'll see, You know, we'll see
• 49:08
  how that one all plays out. Let's go out quickly.
• 49:12
  Oh, I forgot. I'm sorry, Don, Don Indra sent
• 49:16
  me this one. So we talked about the US
• 49:17
  consumer, remember, right, the consumer is the backbone of the
• 49:22
  United States economy. This is funny by the way.
• 49:25
  So get ready to smile. OK, this is this is a good one.
• 49:30
  We know that the ex CEO of Toys-R-Us and an executive at
• 49:35
  Target says up the consumers done.
• 49:37
  Well, here's a great visual. This came from our friend Don
• 49:42
  Indris, the one and only Don. He said it's my Piggy Bank after
• 49:46
  four years of by dynamics and I is not political statement.
• 49:52
  It just happens that for the last four years we've been under
• 49:55
  Bidenomics. But as you can see, that's what
• 49:58
  the the piggy is is not doing well.
• 50:01
  You can you can see his ribs. Oh boy.
• 50:04
  All right, I want to go out quickly.
• 50:07
  Basement dwellers, let's go check and see if our friend the
• 50:11
  Oriental Ghost is up to anything.
• 50:14
  He always has such interesting things to share.
• 50:17
  And here we go. We're going to go check on him.
• 50:23
  OK, And then we'll go back. We're going to we're going to do
• 50:25
  an update on the silver and gold price.
• 50:27
  But all right, huge. But yeah, huge jump in China
• 50:35
  overnight. Now trading at the silver was
• 50:37
  trading at $37 and China will come back to that.
• 50:42
  There's Oriental ghost. Hello, good morning.
• 50:44
  Oriental Ghost from Chinese media.
• 50:47
  Russia explicitly mentioned silver is one of its reserve
• 50:50
  assets and its budget plan. This is all new and bricks pay,
• 50:54
  which includes 9 currencies and gold options for reference only.
• 50:59
  Wow, we just talked about that. I'm going to read this more.
• 51:03
  That's a lot to read, but apparently let's just read that
• 51:07
  again. Russia explicitly mentioned
• 51:09
  silver as one of its reserve assets in its budget plan and
• 51:14
  bricks pay. Wow, which includes 9 currency
• 51:17
  and like we just said, gold options and and Oriental Ghost
• 51:20
  is saying for reference only. Let's see if he has a man.
• 51:25
  OK, here we go, October 21st. Here is the official data from
• 51:32
  the Shanghai Gold Exchange. And we emphasize the high
• 51:36
  because the silver price is always seeming to be higher in
• 51:39
  Shanghai. There's silver AG, there's the
• 51:42
  SGE. The Shanghai Gold Exchange
• 51:45
  silver closed in U.S. dollars at $36.24.
• 51:52
  Wow, unbelievable what's happening right now, guys?
• 51:56
  Let's go out the pin backs and get an update.
• 51:58
  Come on, silver. OK, silver's only down 17,
• 52:02
  $33.78. I want to remind you, basement
• 52:06
  dwellers, if you want to go back and watch some live streams from
• 52:11
  a year ago, it was absolutely. Let's go look at the silver.
• 52:14
  Let me get rid of this stuff. Let's look at the silver price.
• 52:17
  One year ago that would have been well, that's not going to
• 52:21
  work. That's a layer one year chart.
• 52:24
  One year ago right now, the silver price was $23 per oz.
• 52:29
  Let's go check it Gold and obviously we're up.
• 52:33
  If my math is correct, we are up $11.00.
• 52:36
  Here's gold. OK, gold's up 1070.
• 52:40
  Let's look and see where gold was one year ago.
• 52:44
  Exactly 1 year, man. Look at that gold chart.
• 52:48
  We were a below 2000. Today we're at 2740.
• 52:51
  Hey, thank you to everybody for being here.
• 52:54
  Thank you to the moderators, right.
• 52:57
  Big 10, the silver Shard, Jake from Jake's Custom Parts, the
• 53:00
  one and only Annie Oakley. I think I saw Ann Williams on
• 53:04
  here today. I see Susie.
• 53:06
  Hello, Susie. Thank you for being here.
• 53:08
  I think we had a special guest, right?
• 53:10
  Our friend Rodger from Bald Guy Money.
• 53:12
  Don't forget. Go on and watch his latest
• 53:14
  video, Bald Guy Money. Thank you to our sponsors First
• 53:19
  Mining Gold and Fortuna Mining. You can learn more about them at
• 53:23
  their respective websites. Don't forget two Guys if you're
• 53:26
  ever interested in storing some of your silver and gold
• 53:29
  underground, having a little buried treasure in a place where
• 53:32
  only you know about. I don't know if you can see
• 53:35
  that, but dirty man safe. So there's a 10% off coupon you
• 53:39
  can use. Ron 10.
• 53:41
  Let me show you this thing real quickly.
• 53:43
  Very quickly. This is the little one.
• 53:46
  This is it, huh? OK, thank you.
• 53:51
  OK, we got more to do. This is the little one.
• 53:53
  This is called The Dirty girl. And if you know me, you know I
• 53:57
  like little miniature things. The bigger ones up there.
• 54:00
  That's The Dirty old man. Anyway, this thing is cool.
• 54:03
  I mean, I was really shocked they sent this to me and this is
• 54:09
  not a couple pieces of PVC pipe glued together.
• 54:12
  It's actually patent pending. You can learn a lot more about
• 54:15
  it at The Dirty Man Safe website.
• 54:17
  It's really it's I'm kind of excited and don't forget I'm
• 54:20
  going to be giving one away on December 30th and what else?
• 54:25
  We're going to bury one on December 30th.
• 54:27
  There's anything you want me and specifically to bury in it, Let
• 54:30
  me know. Coin shop Chris is here.
• 54:32
  Don't forget, guys, Coin Shop Chris, right?
• 54:35
  A guy who's been with our channel for a long, long time, A
• 54:39
  great guy. He's got his own channel now,
• 54:41
  Coin Shop Chris. Go check him out, subscribe to
• 54:46
  his channel. He's been through a really rough
• 54:48
  period with the what happened in Florida.
• 54:51
  He's getting back on track. Let's support him.
• 54:53
  He's a good guy. Thank you.
• 54:55
  What else was I? There was one more thing that I
• 54:57
  wanted to do before I say, oh, I got to blow the train whistle.
• 55:01
  We got 400 thumbs up. Here we go.
• 55:09
  That's three long whistles, which if you Google it, means
• 55:12
  the train is leaving the station.
• 55:15
  The silver train is leaving the station.
• 55:17
  There's no more seats. All the seats, all the tickets
• 55:20
  have been taken. You're on the train.
• 55:22
  We'll have a great trip. Thanks, guys, for being here.
• 55:24
  OK. Have a great day and I'll see
• 55:26
  you soon. Thank you.