Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 SILVER Investor! 🚨 - YOU Ready for THIS - (MASSIVE Update for Gold & Silver, Thanksgiving!)

Transcript

🚨 SILVER Investor! 🚨 - YOU Ready for THIS - (MASSIVE Update for Gold & Silver, Thanksgiving!) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:02
  Welcome to you. Welcome to the live stream.
• 0:04
  So many reasons to be excited right now about the silver price
• 0:09
  and the gold price. We have an extravaganza of
• 0:13
  articles of points that are going to make us feel good and
• 0:16
  grateful on this Thanksgiving for the fact that we own silver
• 0:20
  and gold. Thank you for being here.
• 0:22
  Let's get started with Russia. Russia put out some big, big
• 0:26
  news and I forgot to get the live stream screen share set up.
• 0:30
  So hold on one second. All right, there we go.
• 0:39
  Hold on, hold on here. Hey, what do you say we start
• 0:42
  over, basement dwellers? We have an extravaganza of
• 0:47
  reasons to be excited about the gold and silver price today's
• 0:51
  Thanksgiving. And we have an overabundance and
• 0:55
  overflowing cup when it comes to the silver and gold price.
• 0:59
  I'm going to tell you the reasons why in this live stream
• 1:02
  video. Let's dig in first of what's
• 1:04
  going on in Russia. And by the way, thank you for
• 1:07
  being here this morning. It's a wonderful holiday.
• 1:10
  Grateful to have you here. You are the most important part
• 1:12
  of Ron's basement. This comes from the Silver
• 1:15
  Academy. I don't even have my microphone
• 1:18
  next to me, says Russia imposing a ban on export of gold, silver,
• 1:24
  copper, waste, scrap and recycling.
• 1:27
  The east winds the economic war against NATO.
• 1:30
  Why is this important, guys? Because we are moving into an
• 1:33
  environment full of things like tariffs, full of protectionism.
• 1:38
  Thank you, Don Howe for that super chat.
• 1:40
  I'm thankful for you as well. We're moving into an environment
• 1:44
  of inflation. We're going to talk about that.
• 1:45
  All of this are big reasons why the gold price and the silver
• 1:50
  price are will will be continued to be supported into 2025.
• 1:57
  Let's go back to the article. I'm going to take a deep breath
• 2:00
  and slow down here. Russia imposing a temporary ban
• 2:04
  on export of precious metals. This from Moscow Interfax just a
• 2:08
  few days back, the Russian government has introduced a
• 2:12
  temporary ban on the export of waste and scrap of precious
• 2:15
  metals from December all the way through May.
• 2:19
  This decision will enable increasing the load of Russian
• 2:23
  refinery operators, the Russian government said on its website
• 2:27
  on Saturday. Thank you Silver Academy for
• 2:30
  that breaking story, which only indicates to us, right?
• 2:33
  That's just one example. We know the, I mean, these are
• 2:37
  hoarding gold and silver and copper, by the way, right?
• 2:41
  We know that countries in the East, the bricks countries,
• 2:44
  nobody talks about the bricks anymore.
• 2:46
  The bricks countries are all hoarding the metals.
• 2:49
  We're moving into an environment of protectionism, guys.
• 2:53
  We have Donald Trump talking about tariffs.
• 2:55
  All of that will be inflationary.
• 2:57
  But the big key, the big secret factor that we as silver and
• 3:02
  gold investors need to remember is that what it creates is an
• 3:07
  environment of distrust. And guess what?
• 3:10
  Butter cups, butterball turkeys, we're all a bunch of turkeys
• 3:15
  today. This right is based on trust.
• 3:18
  All right, Any currency, euro, when countries don't trust each
• 3:22
  other, what do you think they're going to do when countries don't
• 3:25
  trust this as much? And we know that's the case with
• 3:28
  D dollarization, but it's not just here.
• 3:30
  It's all the countries of the world.
• 3:32
  I've heard it said when they were everybody was all talking
• 3:35
  about, right. What happened to the bricks
• 3:37
  Goldback currency I wanted, you know, I'm not patting myself on
• 3:41
  the back, but I was one of the people leading up to that brick.
• 3:44
  Thank you, Frank. Thank you my friend.
• 3:47
  A big one of the people that is we went up to that bricks
• 3:51
  Goldback currency fur that was taking on that.
• 3:53
  I said it maybe, probably won't happen, but what's critical to
• 3:57
  remember here guys, is they don't trust this.
• 4:00
  OK, but guess what? They don't trust each other
• 4:03
  anymore. It's going to create an
• 4:05
  environment where the big take away here, the big thing for us
• 4:08
  to remember, it will create an environment where countries
• 4:13
  won't want each other's paper currencies, not just U.S.
• 4:16
  dollars. They won't want rebels or or
• 4:19
  Yens or EUR or whatever rials, whatever these world, all these
• 4:23
  paper Unicorn fart. No, they're going to want gold
• 4:26
  and they're going to want silver.
• 4:27
  And that's what we're seeing. That's why the Russian
• 4:30
  government is, is, is is putting a ban on export of precious
• 4:34
  metal scraps because they want to keep it in their refineries.
• 4:37
  That's why the Russian government is buying silver at
• 4:41
  the same time. Thank you for the Super chat.
• 4:43
  Hold on one second here. Here we go.
• 4:46
  I put a big amount of my inheritance into precious
• 4:49
  metals. Bought the $100 gold dip.
• 4:51
  OK. Storing at a depository.
• 4:54
  Thank you, Frank. Looking forward to the moon
• 4:56
  shot. Yeah.
• 4:57
  Look, I don't have a crystal ball.
• 4:58
  None of us has crystal balls or ball.
• 5:03
  I don't know why I laughed at that.
• 5:05
  Anyway, we'll see what happens. I believe we are in for a big
• 5:09
  moon shot. I believe it's inevitable.
• 5:11
  Any paper currency which would include the US dollar.
• 5:16
  OK, Sorry, Charlie, that this is a Federal Reserve note not
• 5:22
  backed by anything real. Any paper electronic currency in
• 5:26
  the history of the world. What's happened to them?
• 5:29
  They all become worth less and then worthless.
• 5:33
  That's that's what we need to remember.
• 5:35
  OK, I digress. Gold and silver.
• 5:38
  OK, let's talk about this big inflation news yesterday.
• 5:41
  The Fed is lost the fight on inflation.
• 5:43
  Guys. That's a thank you, Frank.
• 5:45
  Thank you, Don for the Super chats.
• 5:48
  Here we go. This, this is is like big
• 5:51
  information for us as gold and silver from the Kobe C letter.
• 5:55
  They're very sophisticated. They say it's the first Fed's
• 5:59
  worst nightmare is officially here.
• 6:01
  Jerome Powell in the Federal Reserve, They're living their
• 6:04
  worst nightmare. Today's data that would be
• 6:07
  yesterday, confirms all three inflation metrics are back on
• 6:11
  the rise for the first time since February, February of
• 6:15
  2022, guys, that's 2 1/2 years ago.
• 6:19
  Core CPIPCE and PPI inflation are now rising at the same time.
• 6:27
  Did the Fed spark a new wave of inflation?
• 6:30
  Now, the reason why we want to keep a close eye on that, guys
• 6:34
  is because we know the truth, right?
• 6:36
  We know one thing for sure. Let's get him out.
• 6:39
  Let's all say happy Thanksgiving.
• 6:41
  What do you say, guys? You want to say Happy
• 6:43
  Thanksgiving to Jerome Powell? Join me.
• 6:45
  OK, There he is. Happy Thanksgiving.
• 6:50
  Jerome, remember my prediction? He'll be quitting soon.
• 6:54
  You mark my word, OK? If he's still the head of the
• 6:57
  Federal Reserve, in one year, I'll eat my words and whatever
• 7:02
  else you want me to eat live on camera.
• 7:04
  Look, the Fed needs inflation. the Fed is lying.
• 7:08
  Remember, right. If we look at an objective
• 7:11
  history of what Federal Reserve Chairman have said to Congress,
• 7:14
  to the American people, they lie, Lie, lie, lie, lie, or
• 7:18
  they're very unintelligent and that's not the case.
• 7:22
  They know what's really going on.
• 7:24
  And what's really going on is they need inflation.
• 7:27
  We gold and silver. It's so important.
• 7:29
  The reason why as a gold and silver investor, it's so it's so
• 7:33
  critical for us to understand this is because as we move into
• 7:38
  now the coming year and two years, inflation will be the
• 7:42
  major driver of of massive potential.
• 7:46
  Frank Frank potential moon shots within the silver and gold price
• 7:52
  right the the the cat is out of the bag.
• 7:55
  Had a great conversation with Oren from the Silver Hermit
• 7:57
  yesterday. The inflation cat is out of the
• 8:00
  bag. This this old fashioned system
• 8:04
  of the last 1020 years worth inflation went up.
• 8:06
  That was bad for gold, which is crazy.
• 8:10
  And silver is done because people used to think, oh, that
• 8:15
  means the Fed can get tighter with monetary policy and the Fed
• 8:18
  can raise interest rates, and the Fed has lost their potency.
• 8:22
  the Fed needs inflation. And that's what the Kobe C
• 8:24
  letter is telling us right here. OK, but it's not just the Kobe C
• 8:30
  letter, because they're even starting to feed this to The
• 8:32
  Muppets. Remember when Goldman Sachs
• 8:35
  referred to all the people that that bought whatever and they
• 8:38
  had recordings of the Goldman Sachs traders referring to their
• 8:42
  wrong one? There's a cute puppy.
• 8:45
  We'll come see you in a second. Puppy dog.
• 8:47
  Hold on one second that the children's news network.
• 8:51
  I'm sorry, it's not. Is it cable news network or is
• 8:53
  it the children's? Anyway, they're feeding this to
• 8:55
  The Muppets. I didn't call them Muppets.
• 8:57
  Goldman Sachs called them Muppets.
• 9:00
  OK, They're feeding this to the sheeple.
• 9:03
  I wasn't a very good one. Sheeple soft landing.
• 9:07
  Not so fast. Inflation heated back up in
• 9:10
  October. We're not even going to go
• 9:12
  through. But look at this grocery store.
• 9:14
  Aren't you glad you're here, right?
• 9:16
  Joining me right now and not stuck in a grocery store.
• 9:18
  It looks like that's a Walmart grocery store.
• 9:21
  I don't know about you. Let me ask you a quick question.
• 9:24
  I don't like going to Walmart. I don't like going to Home
• 9:27
  Depot. I don't like going to Target.
• 9:29
  I don't like going. I hate those big megastores.
• 9:32
  I don't know why I always leave in a bad mood.
• 9:37
  Well, wait, let me correct that. In a worse mood, there's like so
• 9:40
  much stuff. You got to walk so far, and I
• 9:42
  got a bad back and my leg hurts. And I'm like, you know, let's be
• 9:45
  grateful for one thing. We're together right now.
• 9:47
  Hey, what a great opportunity for me to tell you something
• 9:51
  very important on Thanksgiving. I'd like to express to you our
• 9:56
  never ending gratitude for the fact that you are part of the
• 9:59
  basement. Yes, you right.
• 10:02
  I'm talking to a person right now and you're important and you
• 10:05
  got a head on your shoulders and a brain inside the head, OK,
• 10:09
  You're important, your thoughts matter.
• 10:11
  Leave comments in the comment section.
• 10:13
  OK, If you have a question, send me an e-mail.
• 10:15
  But the big thing is right, we come together, we all, we share
• 10:19
  a common bond. You're part of the group, you're
• 10:20
  part of the tribe. So why not go ahead?
• 10:23
  Didn't subscribe. On a serious note, though, thank
• 10:26
  you. Your time's important.
• 10:28
  You're important. We're glad you're here.
• 10:30
  What else do we have to be grateful for today?
• 10:32
  You know, you can be silver and gold.
• 10:34
  Investors should be very grateful for Judy Shelton.
• 10:40
  Judy Shelton, She wrote a best selling book.
• 10:44
  She is the person Doctor Judy Shelton who Donald Trump tried
• 10:49
  to put on the Federal Reserve Board during his last presidency
• 10:52
  term. But they, you know, you know how
• 10:54
  that happens in Washington, the political reasons, whatever she
• 10:57
  didn't make it. She's a gold bug and guess what?
• 11:01
  She's gaining in popularity. She's awesome, okay, and if
• 11:06
  Trump can get her back into the Fed again, we'll have a gold
• 11:10
  bug, a silver bug for that matter, at the Fed, a sound
• 11:14
  money proponent. That's a good, good, good, very
• 11:19
  big good thing. My fellow basement to others.
• 11:22
  How much Turkey are you gonna? But not everybody's joining us
• 11:25
  from America. It's Thanksgiving in America.
• 11:27
  Happy Thanksgiving to all my fellow Americans with a lot of
• 11:30
  you guys are everywhere in the world because we are a worldwide
• 11:34
  movement basement dwellers. But happy Thanksgiving to those
• 11:39
  of you who celebrate Thanksgiving.
• 11:41
  What else? OK, another.
• 11:43
  What was the other big thing? Oh, we got to be grateful for
• 11:45
  this guy. Scott Besent, our new treasury
• 11:48
  said we can wait. We can be we can be double
• 11:50
  grateful. We need to say goodbye to
• 11:53
  someone who's been very near and dear to the hearts of gold and
• 11:56
  silver investors. And it's a, let's say a goodbye
• 12:00
  that we're very happy about. Let me get her to double feature
• 12:03
  today. Hold on.
• 12:07
  We can be grateful that former treasurer, our former Federal
• 12:11
  Reserve, whatever it's called, President, whatever she is
• 12:15
  going, she's now the Treasury Secretary.
• 12:17
  Janet Yellen, right? She is going goodbye as well.
• 12:21
  So everybody say good. And then this is a double there.
• 12:24
  There's a there's really good news for gold and silver
• 12:27
  investors. Everybody take your last look.
• 12:30
  Bye. Bye, Janet.
• 12:33
  OK, now you know what Janet Yellen will get to do.
• 12:36
  You know what Janet Yellen will get to do now that she's done
• 12:38
  being the head of the Federal Reserve and the head of the
• 12:41
  Treasury Department and putting the United States in this
• 12:44
  position. Do you know what she'll get to
• 12:45
  do? You know what she'll get to do
• 12:47
  here? This is what she did for you,
• 12:50
  America. This is you.
• 12:51
  I'm talking to you, right? OK.
• 12:53
  She did this for you. See that?
• 12:56
  See my yellow arrow? It's up in the corner.
• 12:58
  Follow it down right there. That per taxpayer, that's what
• 13:03
  Janet Yellick gave you. If you pay taxes in the United
• 13:06
  States, you're now indebted only $272,000.
• 13:10
  But, but there's good news if you're amongst the many people
• 13:13
  who don't have to pay taxes anymore.
• 13:16
  Good for you, by the way, you just as a normal citizen have
• 13:20
  $107,000. But you know what she's going to
• 13:24
  get to do now. You know what Janet's going to
• 13:26
  be doing. Janet, when she retires, OK,
• 13:29
  quote, UN quote, she'll go give one hour speeches at lunches,
• 13:33
  the New York Economic Club and the whatever the, the, the, the,
• 13:38
  the, the, the Economic Forum in Baltimore and she'll get paid
• 13:42
  like 100 grand or 200 grand to give a one hour speech.
• 13:46
  Does that make you go? I hate that things that make
• 13:50
  remember that song. You're probably my age anyway.
• 13:52
  That's what sugars do. But that's not the good news.
• 13:54
  I'm sorry. I apologize.
• 13:56
  I'm all over the place. I'm very excited for for it's
• 13:59
  not Halloween, it's Thanksgiving.
• 14:02
  Thanksgiving. The good news is our new
• 14:05
  Treasury Secretary nominated by by by incoming President Donald
• 14:10
  Trump. Right.
• 14:12
  Scott Besent. Guys, this is big.
• 14:14
  You know what? I promise.
• 14:16
  I promise. Do I have it up?
• 14:18
  No, I don't have it up. Wow.
• 14:19
  Anyway, look, Scott Besent is going to be the new Janet
• 14:23
  Yellen. Scott Besent is a billionaire.
• 14:26
  This, this. The reason why we're happy about
• 14:30
  him coming in is that he's also a gold bug.
• 14:34
  Well, I don't think he calls himself that, but I will because
• 14:37
  just three weeks ago, right? What is today why a little over
• 14:40
  three weeks? I think it was November 4th.
• 14:42
  He was on a podcast. This was before the election,
• 14:47
  right? The day before the election, he
• 14:49
  explicitly said he's a billionaire hedge fund manager
• 14:53
  going to be the new Janet Yellen.
• 14:54
  He explicitly said sit down, you don't know this already.
• 14:58
  Take a deep breath that he is invested in gold.
• 15:01
  Not only is he invested in gold, but it's his biggest position.
• 15:05
  That means if he's worth $4 billion, right?
• 15:09
  Whatever. However much he has invested in
• 15:11
  gold, he has no other investment that is bigger than his
• 15:15
  investment in gold. He said he follows the gold
• 15:18
  market very closely. He said he was surprised that
• 15:22
  Poland right it's an ally of the United States of America.
• 15:27
  The Central Bank of Poland is talking about upping their gold
• 15:29
  reserves to 20%. This is big deal for that a big
• 15:34
  reason. If you have nothing else to be
• 15:36
  grateful for, you can be grateful for Scott percent and
• 15:38
  Judy Shelton because Judy Shelton, I got to get back to
• 15:41
  her. Judy Shelton, the Fed person who
• 15:43
  didn't get on the Fed last time Trump was president.
• 15:46
  She is proposing and she's got she's like famous now that we do
• 15:51
  gold backed U.S. Treasury bonds.
• 15:53
  Guys, it's getting interesting. OK, let's go check out the dude.
• 15:57
  You want to have some fun, smile with me.
• 16:03
  It's better to smile. I know everybody goes up and
• 16:05
  down, but just smile for a second.
• 16:07
  Just put a big smile on your face.
• 16:09
  Let's go check out the dude because the dude is at it again.
• 16:12
  We already looked at that. Oh yeah, inflation up.
• 16:15
  There's the grocery store. Glad we're not there.
• 16:17
  There we go. Here's the dude on XI.
• 16:19
  Like the dude. There he is right there.
• 16:21
  The dude. You can look him up.
• 16:23
  He's got whatever that character is as his little picture.
• 16:27
  OK, we're going to look at a couple things the dude's saying
• 16:29
  today. He said this is my vibe going
• 16:33
  into Thanksgiving knowing there will be a bank bail in OK and a
• 16:38
  silver squeeze. You can't love that dog.
• 16:42
  I just want to don't you want to reach out and scratch him on his
• 16:45
  like jowls or whatever that is. OK, That's not the important
• 16:49
  part. OK, here's another one.
• 16:51
  When you realize the dollar to silver ratio is over 410 to one,
• 16:57
  does that mean actual physical should be $12,000 an ounce?
• 17:02
  And I think what he's referring to is the leverage in the paper.
• 17:06
  I think he meant to say paper to silver ratio on that one.
• 17:09
  Also, we have a naked short of around a year's worth of silver
• 17:13
  production naked short, yes, which will need to be covered.
• 17:16
  And that's, that's us. That's oh, that's actually,
• 17:19
  that's footage of the last basement dweller convention we
• 17:22
  had there. I am up on stage.
• 17:24
  There we go. All right, more, more to come.
• 17:28
  Here we go. The paper to silver ratio that's
• 17:30
  now he corrected it here is 410 to one.
• 17:33
  That means out of think about this, out of 411 people that
• 17:38
  think they own silver, only one actually does due to the massive
• 17:43
  derivative fraud. Does this mean the actual
• 17:47
  physical silver price should be $12,000 an ounce?
• 17:50
  And what he's saying is that there's 400 claims on the
• 17:54
  electronic exchanges for for each ounce of silver, 400 ounces
• 18:00
  are claimed or are traded on a paper level for each one ounce.
• 18:06
  So if you multiply 30 * 400, you come to 12,000.
• 18:10
  Let's go take a quick look. Let's go take a look at the
• 18:13
  silver and gold price because it is trading today.
• 18:17
  Here we are a channel sponsor. Pin backs.
• 18:18
  We're going to press. You can do this yourself, guys,
• 18:21
  the pin backs magic button. See it?
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  You see it, that little gold triangle.
• 18:25
  Take a deep breath. This is not the updated price.
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  We can deal with anything and we are at AIC Green that's good,
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  $2641.00 for gold and $30.23 for silver.
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  Thank you to channel sponsor Pinbecks.
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  We're here right now. You're looking at their website,
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  I think, Yes, you are guys. Look, Pinbecks can do a number
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  of things for you like they've done for me and our fellow
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  basement dwellers, right? They can give you a great
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  selection of products. You come out here to their
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  website, look at all this different gold, silver,
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  platinum, group metals, OK, They can give you what I think is
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  really most important, a company you can trust.
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  Now you got to do your own due diligence.
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  I can tell you that I've received overwhelmingly positive
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  I've had great experiences even just as important, you will get
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  ultra competitive pricing. OK, I was talking to the one of
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  the MM and Brian are brothers. They own Pembac's great guys.
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  They have a mission of getting as much gold and silver into the
• 19:35
  hands of the stacking community as possible.
• 19:37
  And then what's even cooler is Mike always says like, but we
• 19:40
  always remind people to stack responsibly, OK?
• 19:43
  But we were talking about the cup, the business and the
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  company and they've been a great sponsor.
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  I feel so great about having Pembacs as a sponsor of Ron's
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  basement. We were talking about Black
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• 20:00
  want to get more metal for your money, please check out channel
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  Take your time. If you ever do that, please be
• 20:10
  very careful. Talk to a number of different
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  people, compare how much actual gold and silver you will get.
• 20:16
  And I got a spoiler for you. There's no such thing as 10,000.
• 20:20
  $1000 or $15,000 of free gold or silver that some of these big,
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  highly advertised IRA gold and silver conversion companies
• 20:28
  claim. You're paying for it one way or
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  the other. Compare how much actual gold and
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  silver you can get. All right, Rick Rule.
• 20:35
  Rick Rule is dropping bombs for the gold and silver community.
• 20:40
  I love Rick Rule and he said some things.
• 20:42
  He's at it again, baby. Rick Rule, we love him, OK?
• 20:46
  He's the one and only. He said it again last night.
• 20:50
  Less than 1/2 of 1% of the savings and investment assets in
• 20:56
  the United States are invested into precious metals and
• 20:59
  precious metals related investments.
• 21:02
  Less than less, less, less than OK, not equal to not greater
• 21:08
  than less than 1/2 of 1%. JP Morgan Chase, you know that
• 21:14
  JP Morgan Chase, you know what they said, they said recently
• 21:17
  that the 40 year mean or average is closer to 2%.
• 21:22
  Just to get back the average guys, OK, in the United States
• 21:26
  we may maybe we're declining, maybe we're not, whatever the
• 21:29
  case may be, but but but but but but just to get back, we're the
• 21:32
  richest country in the world still.
• 21:34
  Just to get back to average, just to get back to average
• 21:38
  average, we would need 4 four times the amount of money, OK,
• 21:44
  coming into the precious metals and the precious metal related
• 21:48
  mining stock investment sector. This is good a good news guys,
• 21:54
  because we've already got these high prices.
• 21:57
  Imagine we're we're not talking about and we could exceed it
• 22:00
  could go to 4%. I think there's been times where
• 22:03
  it's gone to 10/15/20 percent. I mean historically it was all
• 22:08
  in gold and silver. But if we go to 5% that would be
• 22:12
  10 times that many. I know we do we do complicated
• 22:16
  math. There's a very complicated chart
• 22:18
  for you to look at. Hold on there it is.
• 22:21
  OK, this is very complicated chart and if you have if you
• 22:24
  have problems understanding this, I'm going to explain it
• 22:27
  very simply, OK, All right, this is the amount of money.
• 22:32
  This is the amount that right there, my fingers kind of
• 22:35
  curved. Anyway, that's the amount of
• 22:36
  money that's in the gold and silver and precious metals
• 22:41
  related investments. If we went to 5%, which we've
• 22:44
  done before, it would be this much money.
• 22:48
  Sometimes we got to keep it simple.
• 22:50
  It's Thanksgiving. I'm really grateful for you.
• 22:52
  Thank you, Thank you. Don't forget, leave a comment.
• 22:55
  All right guys, now let's talk about Bitcoin.
• 22:58
  This this this is mind numbing and I want you to join me in a
• 23:01
  quick sip of coffee. Mind numbing information
• 23:05
  regarding silver in particular. OK, but good news for so OK and
• 23:17
  there's some humor embedded in this as well.
• 23:19
  We are back. You guys can hear me.
• 23:21
  OK, morning basement dwellers. Let's go look at this one from
• 23:28
  another one from the Silver Academy.
• 23:29
  They're on a roll this morning. What is the most polite way to
• 23:33
  say Ponzi? Ponzi scheme, but coin or
• 23:36
  Bitcoin? Bitcon.
• 23:37
  OK, the rug pole and crypto greater fool market is 107 times
• 23:43
  greater. OK, the crypto market size is
• 23:48
  107 times bigger than the combined aggregate total.
• 23:54
  Whatever word you want to use, value of all the silver mining
• 24:00
  companies combined. OK, this is nuts.
• 24:03
  Wait till you see. I mean, this is this really is
• 24:06
  crazy, OK. And he talks about
• 24:07
  MicroStrategy. If you don't know who
• 24:09
  MicroStrategy is, that's a company headed by this guy named
• 24:12
  Michael Saylor, who was one of the few people in the world that
• 24:15
  gives me a serious case of the creeps.
• 24:17
  OK. And they're like borrowing money
• 24:20
  and using the money. It's supposed to be a tech
• 24:23
  company, but now they're they're just like borrowing money,
• 24:26
  issuing bonds and using that money to buy Bitcoin.
• 24:31
  It's I mean, it's pretty crazy, right?
• 24:33
  It's like, it's like, it's like buying gold or silver on a
• 24:37
  credit card. OK, this is the doggy, the doggy
• 24:40
  style cryptos. You got Dogecoin now with a $64
• 24:45
  billion market cap, Pepe coin. I mean, look at this stuff.
• 24:49
  Almost 9 billion doggy with with with hat.
• 24:53
  There's a crypto called doji with hat it's worth 3 billion
• 24:58
  bonk coin 3 billion and Shibu Inu coin, which is worth 15
• 25:04
  billion. That's that's just crazy guys.
• 25:07
  We're talking about bubbles, blah blah blah.
• 25:09
  Remember, we looked at this chart before we'll pull this one
• 25:12
  up as well because hold on here. There we go.
• 25:17
  Precious metal industry remains very small with silver silver
• 25:22
  and why the reason why we want to look at this is it shows us
• 25:25
  the unbelievable market dislocation between the physical
• 25:31
  silver price and the, the, the, the value, the price of the of
• 25:35
  the silver mining companies compared to these joke.
• 25:39
  These are jokes, right? Dodge coin was made-up as a
• 25:43
  joke. This thing right here that you
• 25:45
  see in the middle of the screen, Doji coin, and that's now 64
• 25:48
  billion, apparently. But look at this chart over here
• 25:51
  on the left, that little bitty Gray section on the bottom left,
• 25:55
  that's the entire silver mining and industry.
• 25:57
  Next to it is the gold mining industry, which is a
• 26:00
  substantially bigger, but still look at it compared to the
• 26:05
  crypto market cap, which is $2 trillion.
• 26:09
  OK, Unbelievable. And look at Apple Computer.
• 26:12
  We won't even go down that path. This shows us guys just how
• 26:15
  crazy undervalue. But look at wait till you get a
• 26:18
  load of these figures, OK? OK, So we'll start here.
• 26:23
  I'm going to I'm going to turn the crayons on hold on here.
• 26:25
  All right, so right here, all silver miners combined are worth
• 26:31
  this is in billions of dollars, 19 billion.
• 26:34
  The crypto market cap is $2 trillion, OK, that makes the
• 26:40
  crypto market cap 108 times bigger than the entire silver
• 26:45
  mining market cap. Silver mining companies and on a
• 26:50
  percentage basis, the silver mining companies are less than
• 26:54
  valued at less than 1% of the crypto market.
• 26:58
  OK, the Doji coins, the doggy style coins are worth 54 billion
• 27:03
  and that and that makes that means they are valued $35
• 27:07
  billion more, $35 billion more than the silver mining industry.
• 27:16
  It is ridiculous. Now Rick Rule had a couple other
• 27:19
  more things to say about the crypto market and some of these
• 27:25
  will be my comments as well. But Robert Friedland, who's like
• 27:28
  a legendary investor, described Bitcoin and be and it's, there's
• 27:34
  so much craziness around Bitcoin, right?
• 27:37
  But it's really not that big relative to like the world
• 27:40
  financial system, even relative to the value of gold in the
• 27:44
  world, I think it's still like 1015% total of the value of
• 27:48
  gold. And Robert Freeland described
• 27:50
  Bitcoin as a pimple on the butt of an elephant or a pimple on an
• 27:55
  elephant's. Hey, you know what most crypto,
• 28:00
  this is what's interesting, most crypto people don't really
• 28:03
  understand it. This is a this is, and I
• 28:07
  generally agree with this. The only thing they understand
• 28:11
  is price is that the price has gone up and it has and
• 28:14
  congratulations if you're a crypto investor, but they don't
• 28:17
  even understand it, OK? All they understand is price,
• 28:21
  which which is based on emotion, OK?
• 28:24
  So for some reason these people get mistaken and think that the
• 28:28
  price equals value, right? The price of the Bitcoin goes
• 28:33
  up. All they do is look at the price
• 28:34
  and it feels good. No, it's so they think that that
• 28:37
  that is value and it's not OK, This is value, This is real.
• 28:42
  Let me just show you this real quick.
• 28:44
  This is called an American Silver Eagle, OK?
• 28:47
  This is silver. That is value OK, if OK, it'd be
• 28:52
  like this. And then this was an example
• 28:54
  that Rick Roll game. It'd be like so, so Bitcoin went
• 28:57
  from $1000 to $100,000 went up 100 times, right?
• 29:01
  It'd be like if your if your spouse or your wife or husband
• 29:04
  went to the grocery store and the price of bananas went up by
• 29:08
  100 times in value, right? They wouldn't touch it, right?
• 29:12
  But because it's Bitcoin and the everyone is so emotionally
• 29:16
  involved with the price, they think that it's more valuable.
• 29:19
  Here's the big take away and this is where is the silver and
• 29:22
  gold investor. The reason why we need to
• 29:24
  understand that what we're investing in right is different
• 29:28
  way different, OK, because because if you ask those people
• 29:32
  to talk about the value, right, the value of what what, what's
• 29:36
  the value? Most of them won't, don't, won't
• 29:39
  know because then look at the value of something.
• 29:42
  To look at the value of silver and gold, you have to think
• 29:46
  right, like, you know why you maybe you're a gold bug, maybe
• 29:49
  you're so whatever it is, but you know why you, this is
• 29:53
  valuable. You know the whole story,
• 29:55
  thousands of years valuable everywhere.
• 29:58
  The only form of real money, the all the stuff you've put the
• 30:01
  work in, right? Whereas some people, and this is
• 30:05
  true not just of of crypto, but even of stocks like like NVIDIA
• 30:09
  and Apple, most people have no idea what the value is of what
• 30:14
  they own. I know a lot of people that say,
• 30:18
  oh, I own Apple stock, I own Apple, I owe.
• 30:21
  Oh, why what's the value? Why I like Apple phones, You
• 30:24
  know, I mean, that's as deep as they get, OK?
• 30:26
  There's a big difference between them and what you're doing as a
• 30:30
  silver and gold investor. They don't want to do the work a
• 30:33
  lot. Not everybody.
• 30:34
  And I'm not putting anybody down, right?
• 30:36
  And hey, you can't argue with the fact that Bitcoin has gone
• 30:40
  from $1000 to almost $100,000. OK, Don't forget.
• 30:45
  Here's the last thing I'll say on that regard.
• 30:49
  Don't forget this, OK? Just because now it's
• 30:53
  everywhere. It's getting shoved down our
• 30:55
  throats. Kind of reminds me of something
• 30:58
  else that happened in our country over the last five
• 31:00
  years, which has recently changed.
• 31:01
  But I won't go down that path. Bitcoin is being shoved down
• 31:05
  your throats. Turn on CNBC, turn on any
• 31:10
  business channel. It's all got Bitcoin, Bitcoin,
• 31:12
  Bitcoin, OK, just because the big financial services
• 31:16
  institutions, the Fidelities, the JP Morgan's, the big guys,
• 31:21
  BlackRock have suddenly become pro Bitcoin, that doesn't mean
• 31:27
  it's a good investment. Because those companies will
• 31:30
  sell anything to investors if they can turn a buck, if they
• 31:34
  can make some profit, if they can add a little bit to their
• 31:37
  bottom line. Let me give you a good example
• 31:39
  of that. A great example of that would
• 31:42
  have been mortgage-backed securities, which created the
• 31:45
  great financial crisis in 2008. All the big financial
• 31:49
  institutions were involved in it.
• 31:50
  They were buying them, they were selling them.
• 31:53
  They were making money off them, OK, and they were worth nothing,
• 31:57
  right? Remember the housing crash?
• 31:59
  Remember the great financial crisis?
• 32:01
  Well, those big financial institutions, the same ones that
• 32:05
  are now suddenly pro Bitcoin are the same institutions that were
• 32:09
  happy to sell investors mortgage-backed securities that
• 32:14
  were worth nickels or Dimes on the dollar.
• 32:17
  So, you know, look, I'm not I'm not anti Bitcoin, I'm not anti
• 32:21
  crypto. I think there's a place for it.
• 32:23
  I think there's a lot of shared, a lot of shared knowledge that's
• 32:28
  been created and a lot of shared feelings about the Fiat money
• 32:32
  system between the crypto world and the in the in the gold and
• 32:37
  silver community. The other thing that we got to
• 32:40
  remember, and this is good, guys, this as a silver, there's
• 32:42
  a actually Bitcoin, everybody. Bitcoin is good for gold and
• 32:48
  silver. OK, Bitcoin is good.
• 32:52
  Oh boy, you hate me for saying that I love Bitcoin.
• 32:55
  I think it's great. Ronnie Stoferly brought up a
• 32:58
  great point on that. And the reason why Bitcoin is
• 33:01
  good for gold and silver is its competition.
• 33:05
  And it's waking more people up, right, to this idea that the
• 33:10
  Fiat money system stinks, right? So it's waking up all those
• 33:14
  people. But who wins the ultimate
• 33:17
  competition between gold, silver and cryptocurrency?
• 33:22
  I think in the end, gold and silver win because we've got a
• 33:25
  little a little some examples throughout history that
• 33:29
  basically indicate to us that 100% of the time, any type of
• 33:34
  synthetic money, right? Paper money, electronic money,
• 33:38
  whatever you call it, they've always failed.
• 33:41
  OK, now I'm not, you know, I'm not I'm not hoping any bad will
• 33:45
  on you know, and and and I'm not a anti crypto, I'll repeat that
• 33:49
  one more time. But but we do know that as gold
• 33:53
  and silver investors, we have history on our side and a lot of
• 33:56
  these people that are in crypto, I think at some point
• 34:01
  potentially could become very open to gold and silver.
• 34:04
  And the other exciting thing to consider about that is guys,
• 34:08
  there are new and this is so awesome for the silver and gold
• 34:13
  market. There are all these new
• 34:15
  electronic solutions being implemented and developed to be
• 34:20
  able to use gold and silver as real money, as legal tender at
• 34:24
  the grocery store, at the imagine you can go buy your buy
• 34:28
  your Turkey today with silver or with gold, right?
• 34:31
  Wisdom Tree just came out with this new product that allows you
• 34:35
  to, I mean, and, and, and what's critical about these products
• 34:38
  and what's most important is that they're 100% backed by real
• 34:43
  physical metal that's coming. I can feel that momentum.
• 34:48
  There's been a, you know, there's, there's Kinesis,
• 34:50
  there's this wisdom tree thing. There's all these different
• 34:53
  solutions out there right now, guys, when one of them, when one
• 34:57
  of them really gains traction, right?
• 35:00
  I've never used one. I'll be honest with you.
• 35:02
  I don't own any electronic gold and silver.
• 35:06
  I am confident. How do you feel about this, that
• 35:09
  at some point in the next 5 years, I will be using some form
• 35:14
  of electronic gold and silver. But the critical thing that we
• 35:18
  want to make sure of, I'm not going to do it and I won't talk
• 35:21
  to you about it until there's one that I'm 100% confident
• 35:24
  about that if I have some, some app on my on my phone, OK, where
• 35:31
  it says I have 300 of these. Yeah, in some vault somewhere
• 35:37
  and I can use them to buy Chinese lunch or gasoline or
• 35:41
  whatever. I'm going to make sure that the
• 35:43
  actual physical metal is there. OK.
• 35:45
  And when that happens, when I feel comfortable with it, it's
• 35:49
  going to create massive new demand for the physical metal.
• 35:54
  OK. And Texas is doing it.
• 35:56
  States are doing it all around the country.
• 35:57
  Remember, look at this, look at this was big breaking news last
• 36:01
  week, right? We covered this, but we'll just
• 36:03
  touch on it again from the 10th Amendment Center TX bill would
• 36:06
  establish a 100% backed gold and silver transactional currency.
• 36:13
  One 100% backed gold and silver transit.
• 36:16
  This is Texas. OK, don't mess with Texas.
• 36:20
  Texas is one of the biggest states in the United States.
• 36:22
  Texas is one of the most innovative and growing states in
• 36:25
  the United States, right? And remember, OK, two bills were
• 36:29
  filed the Texas Under the law, the Texas Comptroller would
• 36:33
  issue gold and silver coins through the Texas Bullion
• 36:37
  Depository. Texas has its own bullion
• 36:40
  depository and also established gold and silver transactional
• 36:43
  currency, defined as the representation of gold and
• 36:47
  silver, silver specie and bullion held in the pool
• 36:51
  depository account. This is the critical part.
• 36:54
  Then yellow. The depository would be required
• 36:57
  to hold enough gold and silver to back 100% of the issued
• 37:04
  currency. Texas.
• 37:08
  Hello Texas, are you there? Can you guys hear me?
• 37:12
  Are we still alive? Did you just hear what I heard?
• 37:16
  Texas is going to basically to me that sounds like going to
• 37:19
  have some form of hybrid of the gold standard worthless relics,
• 37:29
  pet rocks. Why do you why, why, why would
• 37:31
  you ever want to hold gold or silver?
• 37:33
  I mean, come on, guys. Okay, all right, hey, let's wrap
• 37:36
  it up for today. I want to say thank you to you
• 37:38
  again for being here. Happy Thanksgiving.
• 37:41
  I want to say thank you to channel sponsor first mining
• 37:43
  gold. If you like gold mining stocks,
• 37:45
  mining stocks are risky. I'm not giving financial advice,
• 37:48
  but check out first mining gold right, They sponsor Ron's
• 37:52
  Basement. They're Canadian gold developer
• 37:54
  with two multi millionaire projects in Canada.
• 37:57
  Yes, gold in the ground in Canada.
• 38:00
  They're working, they're in the permitting phase right now.
• 38:02
  If you want a company that's mining silver and gold right now
• 38:06
  Fortuna Mining they mine silver and gold in Latin America and
• 38:10
  and they have an expanding gold mining operation in West Africa.
• 38:17
  Now. Did you know Pembex right?
• 38:20
  Black Friday everyday at Pembex online bullying dealer.
• 38:24
  And don't forget, OK, dirty man safe.
• 38:26
  I'm giving away a dirty man safe on the 30th of December, just a
• 38:30
  little over a month from now. Dirty man safe is a safe that
• 38:34
  you can bury in the ground in your yard or wherever you choose
• 38:38
  to bury it. That's like watertight,
• 38:40
  airtight, guaranteed for 50 years.
• 38:42
  You get to be like a pirate and, and, and hide gold and silver in
• 38:46
  the ground. You can learn more more about
• 38:48
  them at dirtymansafe.com. And I want to show you something
• 38:53
  because I think it's a great, hey, it's shopping season.
• 38:55
  It's a great Christmas gift. You can go to their website and
• 38:59
  there's a 10% off code you can use.
• 39:01
  Ron 10. Now, that's pretty easy to
• 39:04
  remember. How's everybody doing this
• 39:06
  morning? Yes, I'm talking to you.
• 39:07
  We're not done yet. It's Thanksgiving and we're
• 39:10
  going to do something a little special, right?
• 39:14
  It's Thanksgiving. I want to hear where everybody's
• 39:17
  from in the comments. I'm going to start this off, I
• 39:21
  am in Saint Louis. Let's see where everybody's from
• 39:26
  and I will do my absolute best to read where everybody's from.
• 39:30
  Hello, Yvonne. Hello Annie Oakley.
• 39:31
  Hello, Jake from Jake's Custom Parts.
• 39:33
  Thank you guys for your donations of your time in
• 39:38
  moderating. Southern Indiana, Texas,
• 39:40
  Chusetts, Kansas, Florida, Twisp, Oklahoma, Cincinnati,
• 39:47
  Springfield, Not too far Deloraine, Anchorage, AK.
• 39:52
  I've been there. That's a great place.
• 39:53
  South Carolina, Texas. Hello Jake from Texas,
• 39:57
  Huntsville, AL, Norway, Arizona, Burzynski, Philadelphia, BC,
• 40:03
  British Columbia, Arizona, Virginia, Melbourne, Commie,
• 40:07
  Oregon. England.
• 40:10
  Hello ANG. San Diego, TX, Willis, TX
• 40:14
  Indianapolis, Boise, Texas, Minnesota, West Virginia,
• 40:18
  Bulgaria. Hello John.
• 40:20
  Wow, Tiffin. Wow.
• 40:23
  Happy Thanksgiving Annie to you as well.
• 40:25
  If you want to know the current state, look it up.
• 40:27
  OK, That's he gives us information.
• 40:29
  Thank you, Walter. Dublin, Ireland, right.
• 40:32
  Washington, England in the Shire.
• 40:35
  We got a lot of people from England, North Carolina.
• 40:38
  Quintin Quint Quintinon. Happy Thanksgiving.
• 40:41
  Quintinon. OK.
• 40:43
  East China, MI, Orlando, FL, Central Colorado, Tennessee, New
• 40:51
  Hampshire. Hello, Luke from New Hampshire.
• 40:53
  Sorry I say that wrong. Holland College Station, TX.
• 40:59
  You as well, Blade. OK, Thank you.
• 41:02
  Good morning, Bill. And all right, guys.
• 41:05
  Wow. Thank you for being here.
• 41:06
  OK, what did I forget? Did I forget something?
• 41:10
  I don't know. I don't know.
• 41:12
  But I appreciate you guys. OK, Susie.
• 41:14
  And I want to wish you a really wonderful Thanksgiving.
• 41:19
  Look, let's I'm going to go through it one more time with
• 41:21
  you, alright? I'm very grateful for this
• 41:23
  channel. Very grateful even more so for
• 41:26
  the community. But there is no community here
• 41:30
  without you. I mean, that's a fact, right?
• 41:33
  I mean, community is made-up of a bunch of individuals, but we
• 41:37
  have this shared love for gold and silver.
• 41:40
  But on top of that, I got to tell you, man, I got to tell you
• 41:43
  a man and woman, that it's a fact that there are so many
• 41:47
  awesome nice people. I can say a few things about you
• 41:51
  guys and I'm very grateful for all these.
• 41:53
  Number one, first and foremost, you're very nice.
• 41:56
  We don't like hardly ever have to deal with mean people on this
• 42:00
  channel. OK, thank you, Arlene.
• 42:02
  Wow, that's awful nice and #2 you're smart.
• 42:05
  Remember what we talked about earlier, right?
• 42:08
  Like like most people that own Bitcoin and, and if you own
• 42:11
  Bitcoin, that's great. I'm not.
• 42:12
  But most people that you know, like, don't really know why they
• 42:16
  own it. Like you guys are smart.
• 42:18
  Like, you know why you own gold and silver like you.
• 42:22
  And you have courage to look beyond the mainstream media.
• 42:26
  We have the courage to like, really dig in and try to gain.
• 42:30
  Nobody knows everything. I don't know everything.
• 42:33
  And I'm often wrong, right? But we come together and we all
• 42:37
  have our little shovels that we're digging in with and we're
• 42:40
  able to kind of make a little sense of what sometimes can be a
• 42:44
  crazy world. It might be crazy, but it's
• 42:47
  really great when I get to spend time with you.
• 42:50
  So again, on behalf of myself and Susie, all the moderators,
• 42:54
  thank you. Right Jake from Jake's Custom
• 42:56
  Parts, Annie Oakley Big time. The Silvershire have a great
• 42:59
  Thanksgiving.