Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **URGENT** U.S. Congress NEWS on Silver & Gold as Money 💰💰 Are YOU Included?

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**URGENT** U.S. Congress NEWS on Silver & Gold as Money 💰💰 Are YOU Included? · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  We have crazy live developments going on right now in the gold
• 0:07
  and silver market. Why are gold and silver off to
• 0:10
  the races this morning, right now?
• 0:13
  We're going to talk about that in this video.
• 0:15
  But also crazy developments on a national, congressional, federal
• 0:21
  level regarding gold and silver. Yes, we could have some new laws
• 0:26
  that could impact you. National laws in the gold and
• 0:30
  silver arena. Plus, are we?
• 0:33
  We don't want to be fear mongers now do we?
• 0:36
  Basement dwellers. We don't want to be fear
• 0:39
  mongers. But are we headed towards a
• 0:41
  Great Depression? Do we have definitive proof that
• 0:45
  we could certainly be heading towards major recession,
• 0:49
  possibly even a depression? I'm going to show you a data
• 0:53
  point that basically points towards the fact that we could
• 0:56
  be in for some very difficult times ahead.
• 0:59
  And of course we're going to talk about gold.
• 1:02
  We talked about silver yesterday, but I have the
• 1:05
  definitive list for you reasons why gold is where it is right
• 1:11
  now, reasons why we're having such a great day today, aren't
• 1:15
  we basement dwellers in the gold market, in the silver market.
• 1:18
  We're going to run out and take a look here in just a second and
• 1:21
  see if indeed the prices are up. But yesterday we talked about
• 1:25
  silver. Today I have for you the
• 1:28
  definitive list of reasons why gold is where it is right now
• 1:33
  and why we think it's going even higher.
• 1:36
  But let's take a run out. It's a good day.
• 1:39
  Are you feeling good? It's a good day to be invested
• 1:44
  in precious metals. Hold on here one second.
• 1:47
  There we go. Let's take a look.
• 1:50
  Let's go out to our friends at Pinbex and take a look at the
• 1:52
  gold and silver price. Gold of $22.00.
• 1:56
  Silver up $0.75 per oz. What's behind this?
• 2:00
  We're going to get to that. But first, let's just take this
• 2:03
  opportunity to say thank you to Pinbex for sponsoring Ron's
• 2:07
  Basement, making this live stream video possible.
• 2:11
  If you want to get your hands on gold, silver, or platinum before
• 2:15
  the prices potentially go even much higher, check out Pinbex.
• 2:20
  You'll find they always have the most competitive prices, great
• 2:25
  selection, and great customer service.
• 2:27
  And if you ever decide to convert all or part of an
• 2:31
  individual retirement account into precious metals, consider
• 2:35
  Pinbex as well. You'll benefit by talking to
• 2:38
  them. I found that I always get more
• 2:41
  metal for my money when I work with Pinbex.
• 2:44
  But let's talk about why right now we have this major jump in
• 2:49
  the gold. What did you Are we reading that
• 2:52
  correctly? Gold stocks and bonds jump as
• 2:56
  bad jobs news reignites rate cut hopes.
• 3:00
  So we got some bad jobs news this morning.
• 3:02
  Wait till we talk about this later In regards to a potential
• 3:07
  for a depression. Did did we just say the D word
• 3:10
  Basement dwellers? We don't.
• 3:12
  Nobody talks about depression. Could we be heading for another
• 3:15
  depression? Look, nothing is off the table,
• 3:18
  and there's some smart people out there that say we are way
• 3:21
  underestimating the potential for a major economic calamity.
• 3:26
  We know what that means if and when that happens.
• 3:30
  Now, I'm not saying it's a definitive option that we're
• 3:35
  gonna get a depression or even a major, major recession, But when
• 3:39
  we do? If we do, the Fed will react in
• 3:43
  a way that will send gold and silver to these prices that most
• 3:47
  of us can't even really imagine are possible, right Thousands of
• 3:53
  dollars higher in the gold price.
• 3:55
  Possibly hundreds of dollars higher in the silver price.
• 3:58
  But this morning, OK, the sudden surge and initial jobless claims
• 4:03
  this morning was met with a significant across the market
• 4:07
  reaction amid low levels of liquidity, Goldman noted
• 4:11
  yesterday was the quietest market day of the year.
• 4:13
  We talked about that on Sunday. This was gonna be a quiet week
• 4:17
  in the markets, but it's shaping up to be a very interesting week
• 4:22
  for gold and silver like we just saw.
• 4:25
  So we got some bad news on the jobs front.
• 4:28
  Let's just run down here and see what happened.
• 4:31
  Bond yields went down. Stocks went higher.
• 4:36
  The dollar dropped. Oh surprise, surprise.
• 4:39
  The dollar going down in value and sent our friend gold higher.
• 4:43
  Look at this guys. Wow, look at that move.
• 4:47
  And gold almost what, $25 per oz?
• 4:51
  So as everything comes together that we've been talking about
• 4:55
  for months and months, right? All the noise, it's all a bunch
• 5:00
  of noise. Basement dwellers, all the
• 5:03
  economic data, all the noise from the Fed.
• 5:06
  Don't forget the Federal Reserve and our old friend Jerome
• 5:09
  Powell, right. I was talking with Lynette Zhang
• 5:12
  yesterday. All the video coming out with
• 5:14
  her in the next few days. It's all a bunch of noise. the
• 5:17
  Fed is in a box. In the reality, the real result
• 5:21
  will be much, much, much. Are you ready?
• 5:25
  Are you ready for much higher prices, but more importantly,
• 5:30
  real value for the gold, silver and precious metal mining stocks
• 5:34
  that you do own? Let's talk about major news on a
• 5:39
  national basis in the United States regarding precious metals
• 5:43
  and now pending legislation. Let's go out and talk about our
• 5:48
  old friend, our good old. We have a friend here in the
• 5:51
  basement. Hold on.
• 5:54
  Here we go. The moon man, Huh.
• 5:59
  The man. The moon man.
• 6:01
  There he is, right there you. Do you know who that is?
• 6:05
  That is your friend. If you are a silver and gold
• 6:09
  investor. Because this, this will knock
• 6:12
  our socks off. And this comes from Morningstar.
• 6:16
  US representative introduces a bill to end federal taxation on
• 6:21
  gold and silver. Why is this a big deal?
• 6:24
  Because it is absolutely ludicrous that you pay capital
• 6:29
  gains tax on Unicorn fart dust Fiat dollar gains that you may
• 6:35
  have and we will be having in silver Gold.
• 6:38
  Why is this a big deal? Because of the silver price,
• 6:41
  when the silver price, When the gold price really take off,
• 6:47
  right. And we're going to talk about an
• 6:48
  impending depression in a data point that points towards that.
• 6:54
  That actuality being within the real realm of possibilities when
• 6:59
  gold and silver do really take off.
• 7:03
  And if you do convert some of it into other real assets at this
• 7:06
  point, legally you're obligated to pay capital gains tax.
• 7:10
  And we all want to stay in the good graces of the Internal
• 7:13
  Revenue Service. No doubt about that.
• 7:15
  But it's not right. It's not right to tax money, to
• 7:20
  tax the only real form of money. God's money.
• 7:25
  Nature's money. The money that's been around for
• 7:27
  thousands of years. Gold and silver.
• 7:29
  We'll get into that more lately later.
• 7:31
  But let's talk about US Representative the Moon Man.
• 7:35
  Our friend Alex Mooney from West Virginia has reintroduced sound
• 7:40
  money legislation to remove all federal income taxation from
• 7:45
  gold and silver coins and bullion.
• 7:47
  The Monetary Metals Tax Neutrality Acts, backed by the
• 7:51
  Sound Money Defense League, Money Metals Exchange and Free
• 7:54
  Market activists would clarify that the sale or exchange.
• 7:59
  OK, remember, imagine in your mind.
• 8:01
  OK, my fellow basement dwellers, a happier day even than today.
• 8:06
  Imagine silver selling for $133 per oz and you decide you want
• 8:12
  to sell some of your silver that maybe you paid $24.00 per oz
• 8:16
  for. You would owe taxes on the game.
• 8:19
  The $109 price increase that you've experienced on your
• 8:24
  silver since you bought it, You would owe capital gains tax.
• 8:28
  That is so, so wrong. That's like that's like taking
• 8:33
  $100 bill and and and and and the and the US government saying
• 8:39
  well the dollar went up in value over the last five years.
• 8:42
  You owe U.S. tax on your capital gains.
• 8:44
  You can't tax money, the value of money.
• 8:48
  That's why you hold gold. That's why you hold silver
• 8:51
  because it's real money protecting you against
• 8:53
  inflation. Does the whole idea is so, so
• 8:57
  wrong. OK, would clarify that the sale
• 9:00
  or exchange of precious metals, bullion and coins are not to be
• 9:04
  included in capital gains, losses or any other type of
• 9:08
  federal income calculation. Gold and silver would be treated
• 9:13
  as a non entity for tax purposes, putting them on par
• 9:18
  with the US dollar. Forget about putting it on par
• 9:21
  with the US dollar, it's better than the US dollar.
• 9:24
  It's been around longer than the US dollar.
• 9:27
  It's the only form of real money.
• 9:30
  Even our old friend John Extra, who worked for the New York
• 9:33
  Federal Reserve Bank, recognized that with his extras pyramid.
• 9:38
  It's the base of all money. It's the money that's been
• 9:40
  around since the beginning of time.
• 9:42
  I digress. Quote.
• 9:46
  My view is backed up by language in the What's that?
• 9:50
  Didn't they? Didn't they force us all in high
• 9:52
  school to basically memorize the US Constitution?
• 9:56
  Did they do that at your high school?
• 9:57
  I had to take AUS Constitution class.
• 9:59
  It's like the Bible of our country, OK?
• 10:03
  And it and gold and silver are backed up by language in the US
• 10:07
  Constitution. Is that gold and silver coins,
• 10:10
  Our money and our legal tender? There's your friend.
• 10:14
  Look, that guy in the eye, 'cause he's looking out for you
• 10:17
  as a silver and gold investor, OK?
• 10:20
  This guy tirelessly works on on national federal legal tender
• 10:26
  legislation. That's Congressman Alex Mooney.
• 10:29
  He's a Republican from West Virginia.
• 10:32
  If they've been, if they are indeed US money, it seems there
• 10:36
  should be no taxes on them at all.
• 10:38
  Yes, this gets funny, guys. So why are we taxing these coins
• 10:43
  as collectibles? Acting unilaterally, the
• 10:47
  Internal Revenue Service bureaucrats have placed This is
• 10:50
  crazy gold and silver in the same collectible category as
• 10:58
  artwork. Don't fall out of your chair
• 11:01
  laughing, Beanie Babies. OK, yes, gold and silver in the
• 11:06
  same category as Beanie Babies and baseball cards.
• 11:10
  God, it drives me crazy. My daughters became obsessed
• 11:13
  with baseball and football cards.
• 11:15
  They're kind of over it now, but for like a year, I was like,
• 11:18
  Don't you want to buy silver? Girls?
• 11:19
  Don't you want to buy silver? And I thought, you know what?
• 11:21
  At the end of the day, let them learn their own lessons, right?
• 11:24
  You can try as a parent, but you can't force them anyway.
• 11:27
  Really. Gold and silver.
• 11:29
  Right now, your gold and silver are categorized by the Internal
• 11:33
  Revenue Service the same way as a Beanie Baby.
• 11:36
  They used to like those as well when they were younger.
• 11:39
  Artwork, right? Other collectibles.
• 11:42
  Baseball cards. OK, a classification that
• 11:46
  subjects the monetary metals to a discriminatory, high long term
• 11:51
  capital gains tax of 28%. So again, I want you to imagine
• 11:56
  this. You bought silver and you can
• 11:59
  use the same example with gold. You.
• 12:01
  But we'll use silver. You bought silver three years
• 12:05
  ago for $22.00 per oz. Let's say three years from now.
• 12:10
  Silver's at $122 per oz. You sell it.
• 12:14
  You've made $100 per oz profit in the law, and in the eyes of
• 12:20
  the tax law, that's called a capital gain.
• 12:22
  A $100 gain. You paid 22.
• 12:25
  You sold it for 122. You owe taxes on that $100
• 12:31
  profit, also known as a capital gain, at about 28%.
• 12:36
  That means you would owe the government $28.00 per oz.
• 12:40
  It doesn't make sense. Furthermore, the US meant
• 12:44
  continuously mince coins of gold, silver, platinum, and
• 12:47
  Palladium, and gives each of these coins a legal tender value
• 12:51
  denominated in U.S. dollars. The formal status of US money
• 12:56
  further underscores the peculiarity of the IRS tax
• 13:00
  treatment. OK, so that's what we have going
• 13:03
  on. Big, major news.
• 13:05
  We know on a state by state basis, right?
• 13:08
  So nationally we have what Mooney's doing.
• 13:10
  But what about is your state part of the state by state,
• 13:14
  national movement to protect citizens with legal tender
• 13:19
  legislation? Texas, Utah, Missouri has
• 13:21
  pending legislation right now. It's happening.
• 13:24
  It's a big, big, big deal. But let's talk about something
• 13:29
  you may not want to recognize a depression.
• 13:32
  Are we guys headed for a depression?
• 13:35
  What would that mean for the value of silver and gold?
• 13:39
  We know hyperinflation, right? What that means for the value of
• 13:44
  silver and gold, right? Hyperinflation is just a another
• 13:48
  way of saying it's just a a sudden abrupt devaluation in the
• 13:53
  US dollar. Gold and silver will protect
• 13:57
  you. What about?
• 13:59
  What about the prospect of a severe recession or possibly a
• 14:03
  depression? What proof do we have that we
• 14:06
  could be heading for a depression?
• 14:08
  We need to look no further than the US money supply.
• 14:13
  Let's go here first. OK, this is from our friends at
• 14:18
  Long Term Trends. I want you to look at something
• 14:21
  on this chart. The black line.
• 14:23
  OK, is the M2 money supply. Here it is.
• 14:28
  And that's growth in the M2 money supply right now, right?
• 14:33
  Right where I have the thing, it grew at 7%.
• 14:35
  We know during the the the C19 crisis it grew at 2530%.
• 14:42
  But look now. Oh, something very peculiar
• 14:46
  happened. The money supply is going down.
• 14:50
  But but let's go back. Hold on here.
• 14:55
  Let's go back a little ways and notice that over a long period
• 15:01
  of time the the only other time that the money supply went down,
• 15:07
  September of 1932. Do you remember what happened
• 15:10
  back in 1932? Likely you don't.
• 15:13
  It's before you were born. But I'll tell you what happened
• 15:15
  in 1932. We had a depression in this
• 15:19
  country, OK? And guys, the fact that the M2
• 15:23
  money supply has been decreasing is pointing towards the fact
• 15:27
  that we could be in for some serious, I mean serious, scary
• 15:32
  economic. Now it's not just that.
• 15:35
  Let's look at this from The Motley Fool headline.
• 15:39
  US money supply is shrinking the most since the Great Depression
• 15:44
  is an economic and stock market meltdown on the way.
• 15:50
  OK Significant declines in the M2 money supply have been
• 15:53
  followed by major economic downturns in the past.
• 15:57
  M2 is currently shrinking the most since the early 1930s.
• 16:01
  Again, that was the Depression. However, some economists aren't
• 16:05
  concerned. Blah blah blah.
• 16:07
  Let's learn What is the M2 money supply?
• 16:11
  A a horrifying history. Economists pay close attention.
• 16:14
  The money supply. The total amount of money in
• 16:17
  circulation. I know you woke up this morning
• 16:19
  like me, right? Your eyes popped open and you
• 16:22
  thought, man, I hope today is the day that I finally get to
• 16:25
  learn about the M1 and the M2 money supply.
• 16:28
  But this is critical, guys, because the shrinking of the
• 16:32
  money supply is absolutely indicative of the fact that we
• 16:36
  could be heading into major. Scary economic calamity.
• 16:42
  OK, it's the total amount of money in circulation.
• 16:45
  They measure money supply in a couple of primary ways.
• 16:49
  This is time for us to learn something.
• 16:50
  Basement Dwellers. M1 is the metric used for the
• 16:55
  total amount of money that the American public holds in coins
• 17:00
  and paper currency, easily accessible checking and savings
• 17:05
  accounts, and other accounts that can quickly be converted to
• 17:08
  cash. So it's basically all the money
• 17:11
  that's the M1. Now I know you're just dying to
• 17:14
  learn what is the M2. Well, it includes all the money
• 17:18
  in M1. So everything in M1 plus funds
• 17:22
  held in short term deposits like money market funds and
• 17:26
  certificates of deposits. Typically M2 supply rises over
• 17:32
  time. This is the kicker.
• 17:33
  When it does contract, the decline is usually very small.
• 17:37
  But whenever M2 has shrunk by several percentage points in the
• 17:42
  past, it has been bad news. RE Venture Consulting's Nick
• 17:49
  Gurley analyzed the history of M2 going all the way back to
• 17:53
  1870. Boy, Nick, you went back far,
• 17:56
  far, far. He found that there have been
• 18:00
  four times over the past 154 years when the money supply
• 18:05
  metric fell by 2% or more. Two of those instances were in
• 18:10
  the 19th century, 1878 and 1893. The other two occurred in 1921
• 18:15
  and 1931 through 1933. What was the result?
• 18:21
  So now we've already learned what the M1 and the M2 is.
• 18:24
  Now that the M2 is shrinking, what's the result?
• 18:27
  According to Gurley Gurley, Man, every single time M2 shrank by
• 18:32
  at least 2% A, there's the D word.
• 18:36
  Take a deep breath with me. Depression combined with double
• 18:41
  digit unemployment rates. Whoa baby.
• 18:46
  We've got some more data to look at here in a second, followed
• 18:49
  closely behind, as you might imagine.
• 18:52
  Are you imagining such conditions almost always
• 18:56
  translate to rough periods for the stock market.
• 19:02
  Oh, yeah, I got. Thank you, Susie.
• 19:04
  Thank you. OK, let's go back here.
• 19:06
  OK. So massive job loss, massive
• 19:10
  stock market loss, massive increases in the gold and silver
• 19:15
  price. That's what happens when the M2
• 19:17
  money supply shrinks. We got 200 thumbs up.
• 19:20
  I need to ring the bell now, guys.
• 19:22
  We got this gets more interesting.
• 19:27
  Thank you for the thumbs up. Thank you for being here.
• 19:30
  Susie wants me to turn on. Hold on, We're going to say
• 19:32
  thank you to our sponsors by putting the banner up.
• 19:35
  And now we're going to go back and talk more about this Reality
• 19:41
  dawns. OK, so we just heard when the M2
• 19:44
  money supply shrinks, depression.
• 19:46
  Not recession. Depression.
• 19:49
  And on top of that stock market crashes potentially.
• 19:55
  But what else happens when the M2 money supply shrinks?
• 19:58
  Now that we're all smarty pants and know what the M2 money
• 20:01
  supply is, we know that there's massive job losses.
• 20:05
  Double digit unemployment. Are you kidding me?
• 20:10
  What do we learn from this article?
• 20:12
  This is this morning. This is why gold and silver are
• 20:15
  skyrocketing. This is why bond rates are going
• 20:18
  down. This is why the dollar's going
• 20:20
  down. This is why the odds of a rate
• 20:22
  cut. Right.
• 20:24
  What does the Fed do? What does this guy do?
• 20:26
  Sorry, Hold on a second. What does he do when all those
• 20:31
  scenarios come true? This little guy, Let's peek at
• 20:36
  up. There he is up.
• 20:38
  There he is. What does he do, huh?
• 20:40
  He cuts rates. He prints money.
• 20:44
  Gold and silver go to the moon. But again, let's go back to this
• 20:48
  article before I had to show you.
• 20:50
  Our friend Gomer Pyle Jerome Powell reality Dons Initial
• 20:54
  jobless claims suddenly spiked the highest in nine months.
• 21:01
  OK, with Warren's high payrolls slowing.
• 21:04
  Jolts data tumbling led by remember construction jobs
• 21:08
  collapsed like at the highest rate ever.
• 21:11
  That's the leading indicator for the for the real estate market.
• 21:16
  Excuse me? Market in Challenger Grey
• 21:18
  layoffs remarkedly elevated. Why would anyone question why
• 21:22
  would you? Do you question us basement
• 21:26
  dwellers? We don't ever question any of
• 21:28
  the official government data on jobless claims that continue to
• 21:34
  languish in a good way near record lows.
• 21:37
  Well, well, imagine this guys. The beginnings of reality
• 21:42
  started to shine through as 231,000 Americans.
• 21:48
  Wait till you see this list. And then I got a list about
• 21:50
  gold, which also relates to silver.
• 21:52
  Just don't forget why gold is awesome and gold is the
• 21:57
  godfather of the precious metals, right?
• 22:00
  Silver follows in the shadows like the big successful brother.
• 22:04
  We're going to get to that in just a second.
• 22:06
  But wait till you see this list of companies that are laying off
• 22:09
  people. It's crazy, OK?
• 22:11
  Because the beginnings of reality started to shine through
• 22:15
  is only 231,000 Americans. That's like 10 NBA basketball
• 22:23
  arenas. Worth filed for jobless claims
• 22:27
  benefits for the first time. The first time.
• 22:30
  A large jump from last week's 209,000.
• 22:34
  Let's check out this list that is the largest weekly claims
• 22:39
  since August of 2023 and the third biggest weekly jump since
• 22:42
  2021. Here's a list I won't go through
• 22:45
  it all. These are companies, Lane.
• 22:47
  Everybody. Don't know them with sense code.
• 22:49
  Twig, Twitch, 35% of their workforce.
• 22:53
  Roomba. I think that's the robot vacuum
• 22:56
  cleaner 31%. Look at these companies.
• 22:59
  Levi's 15%, Xerox 15%. Who else?
• 23:04
  Washington Post 10% You'll Be Missed Snap 10% eBay 9% Sony
• 23:11
  Interactive 8% Expedia Do I need to keep Going?
• 23:15
  Cisco 5% UPS 2% Nike 2% BlackRock Oh boy, hope they're
• 23:21
  laying off everybody. Blackrock's the company that
• 23:23
  runs the SLVETF, which some people think maybe doesn't own
• 23:29
  all the silver that they claim they do.
• 23:31
  So hopefully Blackrock's laying off everybody that works in the
• 23:34
  SLV and GLDETF. I'll have to send a little
• 23:38
  message over there, Pixar 1300 employees, Northrop Grumman guys
• 23:44
  into depression. We'll start with that recession.
• 23:48
  Bad recession. Bad recession.
• 23:51
  Possible depression. Jerome turns on the printing
• 23:54
  press. The dollar continues its loss in
• 23:57
  real value. The real value of the silver and
• 24:00
  gold that you hold goes up thanks to Rep Mooney from West
• 24:04
  Virginia. You don't have to pay capital
• 24:06
  gains tax on the profit if his legislation gets through, OK,
• 24:11
  none the less. That's the big picture of what
• 24:13
  is going on right now into money supply shrinking.
• 24:18
  Massive massive implications as the as the research has shown us
• 24:23
  when M2 money supply goes down, very unusual.
• 24:27
  Extremely unusual. Always has been followed by a
• 24:32
  depression by the stock market going down and and by
• 24:38
  unemployment going through the roof.
• 24:41
  How are you feeling today? Let's run back out to Pembeks
• 24:44
  and take a quick look at the silver price and gold price
• 24:48
  quickly. All right, let's do an update.
• 24:51
  Here's update time. Come on.
• 24:52
  Fingers crossed. 21 dollars. Silver up 78 cents.
• 24:58
  Hi, hose. Silver we talked about
• 25:00
  yesterday. Silver is the most undervalued
• 25:03
  asset in the world. But let's talk about The
• 25:05
  Godfather today, because The Godfather gold will impact the
• 25:10
  price of silver as well. And our friend Big John Little
• 25:16
  put out a crazy piece of research.
• 25:19
  I think this is like the most exhaustive list covers almost
• 25:25
  everything about why we love gold and again gold will yes it
• 25:31
  will impact the silver price. China this is from Gold Star.
• 25:35
  China frenzy continues to intensify U.S. dollar In its
• 25:39
  final months, China purchases purchases up 45% in less than
• 25:46
  two years. Gold that is OK.
• 25:50
  Your daily reminder Why China, Turkey, Poland, Russia, all the
• 25:53
  BRICS countries are buying gold. This is why they're buying gold.
• 25:57
  Is this why you're buying silver?
• 25:59
  Is this why you're buying gold? Is this why you are buying
• 26:03
  precious metal mining stocks? And while we're on that subject,
• 26:06
  let's say thank you. There's two precious metal
• 26:09
  mining stocks. I own, Fortuna Silver.
• 26:12
  You can learn more about them at fortunasilver.com.
• 26:15
  Their earnings were out yesterday.
• 26:17
  The stock is doing very well. Today is what I'm being told by
• 26:20
  my contacts. Fortuna is a growing company,
• 26:24
  major operations in Latin America and West Africa.
• 26:28
  And of course our friends at First Mining Gold.
• 26:31
  Two large large development stage projects, multi million
• 26:35
  ounces of gold in the ground in Canada.
• 26:38
  Reach out to Paul Morris, he's their Director of Investor
• 26:41
  Relations and I have a link to his e-mail address in the
• 26:47
  description below. I need Susie's texting me to
• 26:51
  turn off the banner. There we go.
• 26:54
  OK, back to the China frenzy. These are your reasons why you
• 26:59
  want to own gold in this my friends says it all.
• 27:05
  OK, gold is the opposite of the dollar, which is tethered to 35
• 27:10
  trillion in debt plus another 170 trillion in unfunded
• 27:14
  liabilities. Lynette Zang talked about this
• 27:16
  yesterday with me. If you if you compare, if you
• 27:21
  compare gold to all the debt in the world, If you compare silver
• 27:25
  to all the debt in the world, silver in particular, she said
• 27:29
  she calculated about a $2000 per oz price.
• 27:33
  Not for gold, guys, for silver. It's crazy.
• 27:37
  All this credit, all this debt backed up by real money, most
• 27:41
  strategic bricks and bricks. Adjacent nations are offloading
• 27:45
  U.S. Treasuries, dropping them like a
• 27:47
  hot potato. Yes, of course.
• 27:49
  Right. Countries don't want our debt.
• 27:52
  Think about this. This makes it even more critical
• 27:55
  what's going on. More interesting, these
• 27:58
  countries are getting rid of our treasuries just at a time where
• 28:01
  we have record amount of government, corporate and
• 28:04
  consumer debt in this country. Just at a time when America
• 28:08
  needs the world to need our debt more than ever.
• 28:12
  All this debt, they're saying. Sorry guys, no, thank you.
• 28:15
  OK, no one wants to be a part of the toxic orbit of the US dollar
• 28:21
  which lost its gold backing in 1971, was that President Richard
• 28:25
  Nixon, who temporarily took us off the gold standard U.S.
• 28:28
  dollar, lost its Petro dollar status in the last 90 days.
• 28:33
  That's the biggest deal going right now.
• 28:36
  Gold is being used more and more on a worldwide basis to buy oil.
• 28:43
  Gold is the best capital. Now anyone with a brain and
• 28:46
  that's you. OK, all that are not NATO can
• 28:50
  buy more oil through gold. The milkshake theory is 100%
• 28:53
  bogus. I won't go there.
• 28:55
  The only thing back in the US dollar is our military that is
• 28:59
  fragmented and weakened by 259 wars since the 1990s, OK,
• 29:06
  including 57 undeclared war since World War 2.
• 29:10
  Gold and silver price are no longer set by the COMEX but by
• 29:14
  the Shanghai Gold Exchange. The COMEX in the United States
• 29:18
  of America and the London Bullion Market Association are
• 29:22
  slowly losing their grip on the gold and silver price and the
• 29:26
  Shanghai Futures Exchange and the Shanghai Gold Exchange are
• 29:30
  taking over. Yes, there will be intermittent
• 29:33
  slam attempts by short selling bulls, but each time this
• 29:37
  happens, China and the smart stackers are buying the dip.
• 29:41
  I was talking with Paul Morris this morning from First Mining
• 29:45
  Gold, their Director of Investor Relations.
• 29:47
  This guy's been following gold and silver ultra closely for so
• 29:51
  much time. Thank you guys for the Super
• 29:53
  chats. I'm going to pull them up here
• 29:55
  when I'm done. He brought up.
• 29:57
  He's like gold is strong. Gold gets beat down now and it
• 30:00
  comes back. This is a bull market, guys.
• 30:05
  A bull market. Hold on here.
• 30:07
  Hold on. OK.
• 30:11
  Marcos Fernandez, thank you for the Super chat.
• 30:15
  And our friend who's that, Dan Hood Antics.
• 30:21
  Thank you for the Super chat. Let's pull this up right now.
• 30:26
  And this is what's going on. And this is what the, the, the,
• 30:31
  the, the, the article says, this is what Paul Morris said.
• 30:33
  It's it's a bull market, right? The price goes up, it gets beat
• 30:37
  down, but it fights its way back up, a little bit higher and it
• 30:41
  gets beat down and it fights its way back up.
• 30:44
  That's a bull market. I know you might be like me.
• 30:48
  It's hard for us to really accept the fact that we could be
• 30:51
  in a bull market right now for metals.
• 30:53
  But guys, here's the good news. It's kind of like, I don't know,
• 30:59
  like something happens and you have a hard time believing it.
• 31:02
  You know what I'm saying? Like, this is really happening.
• 31:05
  I believe we are in the early stages.
• 31:08
  I believe we are. Where my arrow points right
• 31:10
  there, we are here, right? Sure, Gold went up to 2400.
• 31:14
  It pulled back. But it can continue higher and
• 31:18
  higher and higher from here. OK, back to our China Frenzy
• 31:23
  article. Here we go.
• 31:27
  OK, now just a few more for us to cover, my friends.
• 31:34
  There's an awakening with stackers in the West that since
• 31:38
  central bankers are hoarding gold, right China, Turkey,
• 31:42
  Poland, rushing the bricks that you should too think about this.
• 31:48
  It's happening right now. I I predict that in the next
• 31:52
  year you're going to become even more popular than you are right
• 31:56
  now. You may find that hard to
• 31:58
  believe. I know you're popular already,
• 32:01
  but all those neighbors that kind of know you're the guy that
• 32:03
  buys gold and silver. Suddenly as they wake up and
• 32:07
  they hear about other people buying the gold and silver,
• 32:11
  you're going to become very, very popular.
• 32:14
  So be prepared for your for your wave of popularity that's
• 32:18
  heading your way. And it's these people as the
• 32:21
  other You're one in 100, right? You're part of an elite crew,
• 32:25
  you basement dweller. You pat yourself on the back.
• 32:27
  You're a little ahead of the curve.
• 32:29
  Sometimes being ahead of the curve, like a year ago, year and
• 32:32
  a half ago, maybe even 6 short months ago, felt like you were
• 32:38
  wrong. Like maybe you questioned
• 32:40
  yourself. I think 6 months from now you're
• 32:44
  really be prepared for a wave of popularity because people are
• 32:49
  going to be wanting to ask you about gold and silver.
• 32:53
  The question is, will people be able to get it right 'cause
• 32:56
  information travels. So it's crazy for us to think of
• 32:59
  think about this. We know.
• 33:02
  We know this has happened several times in the past three
• 33:05
  or four years when the frenzy erupts, the silver and gold
• 33:09
  that's available could be wiped out literally in hours or days.
• 33:14
  There's not a lot of silver and gold available for retail
• 33:17
  investors. People think, well I'll just go
• 33:19
  to Costco cause Costco sells gold and silver.
• 33:22
  Wrong right. They're getting sold out now
• 33:25
  under current situations. Wait till more people wake up.
• 33:29
  Recently many nations have announced that they want to
• 33:32
  withdraw their gold from the United States.
• 33:35
  And we also know there is a BRICS meeting in mid-May with an
• 33:39
  announcement pending RE the possibility of a BRICS gold
• 33:44
  backed currency. Apparently that's happening on
• 33:47
  May 14th in Russia and apparently there may be
• 33:51
  discussions about this gold backed currency.
• 33:54
  We'll see how that plays out. It'll be very interesting.
• 33:57
  The BRICS has their own central bank and it follows the
• 33:59
  architecture of Russian economist Sergey Glasvev.
• 34:04
  There will be gold bashing articles parked popping up every
• 34:08
  day in the mainstream media. Be prepared.
• 34:11
  Then there will be campaigns. John brought this up earlier.
• 34:15
  I love guys again. This is the gold market sub
• 34:19
  stack. Easy for you to remember.
• 34:21
  Subscribe to this. Subscribe to the pickaxe.
• 34:24
  All right. That's John's main hub where he
• 34:26
  distributes a lot of this information.
• 34:29
  The sub stack put in the Google search bar.
• 34:32
  Sub stack, Gold market, sub stack.
• 34:34
  I believe it's Silver Academy. The pickaxe.
• 34:37
  It's worth your time. You get good quality information
• 34:40
  on a daily basis. You can tell I talk about it all
• 34:42
  the time. There will be campaigns to sell
• 34:45
  your gold and take your profits. Are you seeing it when you drive
• 34:50
  around next time you're out driving around, right?
• 34:53
  I was driving home from my parents house the other day.
• 34:55
  It's about a 15 minute drive. I saw no less than three
• 35:00
  actually. I think I saw four big signs,
• 35:03
  right? Stores that say we buy gold, we
• 35:06
  want your gold, get rid of your gold, cash in your gold, they
• 35:09
  want your gold. Keep stacking and hold the line.
• 35:12
  Wow, things are getting very, very interesting.
• 35:16
  Guys. I'm going to be here to, we're
• 35:18
  going to, we're going to work our way through all of this in
• 35:21
  the next six months. I predict two things.
• 35:25
  Two big predictions. OK, Susie just said we got hey,
• 35:30
  can we get. Can we get a few more likes so
• 35:32
  we can get the I'll bring the gong.
• 35:35
  That gong. See my thumb?
• 35:36
  There's a golden gong. We'll ring that when we get 17
• 35:41
  more likes. But we got two big predictions
• 35:43
  for the next six months. OK.
• 35:46
  Are you safe? Are you prepared?
• 35:50
  Right. The number one way that I think
• 35:53
  most of us can get prepared is by having the precious metals
• 35:57
  that we're comfortable with right now, OK, Because in the
• 36:01
  next six months, number one, we are going to have economic
• 36:06
  turmoil like we haven't had. What are we in May?
• 36:10
  So by November, right. And I'll sit down here and eat
• 36:12
  crow. But my gut tells me we are going
• 36:16
  to have. And what else is happening in
• 36:19
  November? Presidential election?
• 36:21
  We're gonna have economic turmoil like we haven't seen in
• 36:25
  decades in this country right now it's coming to a head.
• 36:29
  When I talked with Lynette Zhang yesterday, she said in no
• 36:32
  uncertain terms, right. It's actually happening right
• 36:36
  now. The other thing is that I
• 36:38
  believe we will get skyrocketing precious metals prices.
• 36:43
  Look, I don't have a crystal ball.
• 36:46
  Don't make any decisions based upon what I say, but I think
• 36:50
  those two things are in almost certainty here.
• 36:53
  In the next six months, I think you are going to find yourself
• 36:57
  being very, very happy that you've invested in silver, in
• 37:03
  gold, if that's your thing. In platinum, in crystallized
• 37:07
  osmium, whatever, whatever. You know, real assets in land,
• 37:11
  in real estate. Because when things get hairy,
• 37:14
  you want to be invested in real assets.
• 37:17
  They have, they're gonna have no choice, no choice but to turn
• 37:22
  the printing press back on. There is mathematically no other
• 37:27
  option, right? But then for them to to turn the
• 37:32
  printing press on, print more money, it's the only tool they
• 37:36
  have. The problem is the world has
• 37:40
  woken up to what's going on right now.
• 37:42
  That's why. And it will make the problem
• 37:45
  even worse. Does that make sense to you?
• 37:48
  Right. Right.
• 37:49
  Ten years ago, we could turn the printing press on, but we could
• 37:52
  get the world to buy our debt. Now they're turning the printing
• 37:56
  press on. They're going to be monetizing
• 37:59
  the debt. Remember that catch phrase?
• 38:02
  And when the debt is monetized, when the printing presses come
• 38:05
  on, then it becomes the world's biggest smoke and mirror.
• 38:09
  It's like a company. It's like a company.
• 38:12
  It's like if you owned a company, let's say you own a
• 38:15
  business and you're buying products from yourself, right?
• 38:20
  It doesn't make any sense. It doesn't.
• 38:22
  It's not real. And that's the situation,
• 38:24
  unfortunately, that your leaders in the United States have gotten
• 38:29
  us to because nobody wants to deal with the real issue.
• 38:33
  Nobody wants to deal with the fact that we need to cut
• 38:37
  spending. Nobody wants to to, to, to to to
• 38:40
  accept the fact that austerity is what really is needed right
• 38:45
  now in this country. OK?
• 38:47
  It's going to be forced. That's the problem.
• 38:50
  That's what's. Does that make sense?
• 38:52
  It's going to be forced, right? You can only manipulate math.
• 38:56
  You can only manipulate numbers for so long, right?
• 39:00
  These young kids right now in their 20s and 30s that that
• 39:04
  don't own homes yet and don't own, you know, have student loan
• 39:08
  debt, unfortunately, their grandparents.
• 39:13
  It's not that and I'm not blaming the grandparents, they
• 39:15
  didn't. Most of them had no part in the
• 39:18
  decision making process. But the the life that their
• 39:22
  grandparents lived, even their parents for that matter, is
• 39:25
  going to be likely out of reach for most, for most, if not all
• 39:30
  of them. We are heading into a very, very
• 39:32
  difficult time. Susie, did we get 300 thumbs up?
• 39:37
  350 what? Let's ring the gong for you
• 39:40
  basement dwellers. You're prepared for this?
• 39:44
  Look. OK, you're prepared.
• 39:47
  That's the big key. Let's ring our gong for 300.
• 39:50
  Thumbs up. All right, guys.
• 40:00
  Thanks for being here today. I'll be back tomorrow.
• 40:02
  Thank you to the moderators. Be good to yourself, OK?
• 40:06
  All right. You're the most important person
• 40:08
  in your life. You got to live with yourself.
• 40:10
  Be nice to yourself. It'll help you be nice to other
• 40:12
  people. I'll see you tomorrow.
• 40:14
  Thank you.