Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨The UNTHINKABLE is Happening!🚨 - Silver & Gold Investors BEST Hear THIS NOW! - (PRICE Crash)

Transcript

🚨The UNTHINKABLE is Happening!🚨 - Silver & Gold Investors BEST Hear THIS NOW! - (PRICE Crash) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  The unthinkable is happening in the precious metals market.
• 0:04
  Unprecedented volatility in the silver.
• 0:07
  Market particular, but gold as well.
• 0:11
  Let's talk about what the. Smartest minds in the industry
• 0:14
  are saying the reasons why this is happening, but even more
• 0:19
  importantly. Together, let's explore.
• 0:22
  What we can expect? What the?
• 0:24
  Bright minds are seeing in the future of silver and gold.
• 0:29
  Because let me tell you this right now.
• 0:31
  There is a silver. Lining to what is going on.
• 0:35
  Thank you for being here. Please subscribe to the channel.
• 0:38
  That's free upstairs, Susie. Command you to please.
• 0:41
  Do that. Leave a.
• 0:42
  Comment in the comments section, give the video thumbs up and.
• 0:46
  Yeah, Oh. Yeah, super chats.
• 0:47
  Never. Expected.
• 0:48
  Always super appreciated. Let's get the bad news out of
• 0:51
  the way first, and then let's explore what happened and what
• 0:54
  we can expect. But here's a headline from our
• 0:57
  friends. At Zero Hedge, Shocking news,
• 1:01
  guys. Gold last week suffers its
• 1:05
  worst. Week in 43.
• 1:08
  Years as crude crisis and hawkish fears spark.
• 1:13
  Bond bloodbath and stocks sank. Woo.
• 1:17
  I think it's safe to say. There's pretty much chaos.
• 1:20
  Everywhere. Let me.
• 1:21
  Briefly touch on this. Hawkish fears from the Fed
• 1:24
  subject. Look, it really doesn't.
• 1:27
  Matter. The Fed has pretty much been
• 1:29
  neutered at this point. The reality is if we get very
• 1:33
  high. Inflation.
• 1:34
  Which we very likely. Will I could see inflation later
• 1:38
  this. Year at 8%. 9 percent, 10% or
• 1:42
  even higher even. If the Fed raises rates.
• 1:46
  A little bit when inflation goes up so high, they are not.
• 1:50
  Going to be able to raise rates to a level like Volcker.
• 1:52
  Did in the 19. 80s to actually. Combat inflation.
• 1:56
  It's. Really.
• 1:57
  A relative. Thing I hope that makes sense to
• 2:00
  you. It can be a little difficult to
• 2:02
  understand, but if inflation and interest rates.
• 2:04
  Rates are right here. Right now, which they.
• 2:07
  Are right, Let's say around. Three percent 3 1/2% if
• 2:10
  inflation goes up to 8 or 9%. And let's say they, let's say
• 2:15
  they do raise rates to 4%, OK, there's still.
• 2:18
  That massive gap between inflation and interest rates and
• 2:24
  that creates a more negative real interest rate environment,
• 2:28
  which is beautiful for gold and. Silver, OK.
• 2:32
  Not to mention the fact that I won't go down the stagflation,
• 2:34
  but we are everybody's now talking about.
• 2:37
  How we are likely. Going into a stagflationary
• 2:39
  environment, which as we all know, was the case during the
• 2:43
  1970s. And what happened to the price
• 2:46
  of silver and gold in the 1970s? Well, if you don't know, Google
• 2:50
  it 'cause you guys. All know it exploded.
• 2:53
  OK, let's talk about now this. Carnage that's going on.
• 2:57
  But but why? This is could be a very good
• 3:00
  thing as we reset. And move forward.
• 3:03
  We got a lot of great. Information in this one article.
• 3:07
  I love metals and miners. They've just are knocking it.
• 3:10
  Out of the park lately with what they're, with what they're.
• 3:13
  Producing it says I. Love.
• 3:15
  Hate Rick Rule, right? One of the one of the Royalty of
• 3:19
  the Precious Metal Sector playbook.
• 3:21
  And the case for gold miners at the rock bottom?
• 3:24
  Sentiment of 3%. This is about gold.
• 3:27
  Miners, which applies to the entire gold and silver
• 3:32
  ecosystem. Physical metal.
• 3:34
  As well. But guys, this is.
• 3:35
  Absolutely shocking this chart. Right here.
• 3:39
  OK this. Measures sentiment.
• 3:42
  Hold on here. Measures sentiment.
• 3:45
  It's the gold miners bullion. I'm sorry, gold miners bullish
• 3:49
  percentage index. That's right up.
• 3:51
  Here at the right where my little little cursor thing is.
• 3:55
  But look. That's not the important part
• 3:57
  sentiment in the sector. Has absolutely look, look where
• 4:03
  it. Was around 80, around 57.
• 4:06
  Up in this range for a long time.
• 4:09
  Absolutely cratered all the way. Down to 3.7 in the matter of
• 4:16
  days from being all the way up here near 100.
• 4:19
  All the way. To 3.7 What does sentiment
• 4:22
  measure? It measures the feeling how
• 4:24
  people are feeling about the. Sector, but there's a.
• 4:26
  Big, big reason why. This is.
• 4:29
  Actually a good sign for us right now, it says it's a number
• 4:33
  that's. Difficult to.
• 4:34
  Comprehend out of an index of 100 gold miners Bullish
• 4:38
  Percentage Index. Closed yesterday at 3:00. .7
• 4:42
  This is not. A typographical error.
• 4:46
  It's a complete and total collapse in sentiment.
• 4:50
  A level of bearishness. So extreme that it's only been
• 4:53
  surpassed once in recent. History in the darkest days of.
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  October 2022, seven months after Russia's invasion of Ukraine, in
• 5:02
  the teeth of the most. Aggressive Federal Reserve.
• 5:05
  Tightening cycle in more than 4. Decades.
• 5:08
  This is what peak despair looks like.
• 5:12
  I mean, how did this happen in literally 3?
• 5:14
  Weeks guys, but trust. Me, we've got reasons.
• 5:18
  To be optimistic and we'll get into.
• 5:20
  Those panic sellers are now nearly gone, OK.
• 5:24
  Right. Everybody who sold is probably
• 5:26
  sold. The tourists have all fled.
• 5:28
  The last bowls are being. Slaughtered now no one wants.
• 5:33
  To buy gold, silver or the gold. Miners, or the silver miners, in
• 5:38
  fact. The very idea is treated with
• 5:42
  derision. And from a contrarian.
• 5:44
  Perspective. This is the.
• 5:46
  Single most bullish development for the sector in the last few.
• 5:52
  Years we've washed out all the all the short.
• 5:55
  Timers all the people. That aren't really that don't
• 6:00
  really have. Strong conviction for the
• 6:02
  metals. The risk has largely been washed
• 6:06
  out. Think about it.
• 6:07
  Everybody's wanted to sell. Most all those people have sold.
• 6:10
  The sellers are near. Exhausted, the foundation being
• 6:13
  laid will soon. Be completed for a historic
• 6:17
  rebound because while sentiment has collapsed, the.
• 6:20
  Fundamentals have not the. Price of gold remains at a
• 6:24
  historically high plateau, the geopolitical risk that drove it
• 6:28
  there. Have only intensified all the
• 6:31
  fundamentals guys are. Still there for silver.
• 6:33
  Gold in the miners and the mining companies.
• 6:37
  Are. Wrapping up the 1st.
• 6:38
  Quarter of 2026 where they're going to have sold silver and
• 6:41
  gold at what are far in record prices, OK, the geopolitical,
• 6:47
  the geopolitical risk that drove it.
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  There have only intensified and the.
• 6:51
  Fed is past the. End of its tightening cycle, not
• 6:55
  the beginning and what we talked about at the beginning of this
• 6:57
  video. The Fed does not have the ammo.
• 7:01
  Or the. Availability to raise interest.
• 7:03
  Rates to a point where they can actually.
• 7:05
  Fight inflation if they raised interest rates.
• 7:09
  To 8% if we get 8. Percent inflation and they tried
• 7:12
  to match it the the whole system would blow up the United States
• 7:16
  government with what by then will.
• 7:17
  Be 40. Trillion dollars in debt?
• 7:20
  Can't absorb that interest expense.
• 7:23
  The setup today is vastly more bullish than it.
• 7:25
  Was in 2022, yet the sentiment is just as.
• 7:28
  Dire, OK. In 2022.
• 7:32
  It was bad. We were all there.
• 7:34
  OK. And things were nothing.
• 7:36
  Like they are. The overall environment was
• 7:40
  nothing like it is right now. This is the anatomy of A.
• 7:44
  Fantastic buying opportunity actively.
• 7:48
  Taking shape? That will soon be revealed to
• 7:50
  us. The easy money and commodities
• 7:53
  investing is made on the journey from being hated to.
• 7:58
  Tolerated, that's what Rick. Rule says OK, and right now the
• 8:03
  gold miners and silver miners and gold and silver, I'm adding
• 8:07
  that. Are truly hated.
• 8:09
  At historic levels, they are hated.
• 8:12
  But the fundamentals. That are that are.
• 8:14
  Underlying silver Gold in the miners have never ever, ever
• 8:20
  been better. Look, I'll steal another one
• 8:23
  from Mr. Rick Rule again. One of the.
• 8:25
  Royalty most. Respected names, and we're going
• 8:28
  to talk about Michael Gentilly. We're going to talk.
• 8:30
  About Michael Oliver all. These people today but Rick Rule
• 8:33
  says it best uses a great. Analogy like people right when
• 8:38
  they go. To the grocery store.
• 8:39
  And tuna fish is on sale. For half price they'll load up.
• 8:44
  Right. For some reason, in commodities
• 8:46
  and in. Particular with silver.
• 8:48
  When it's on sale, right, people don't buy.
• 8:52
  They're more apt to. Sell.
• 8:53
  It makes no sense to him. It makes no sense to me.
• 8:56
  But I understand, right? Because it feels horrible.
• 8:58
  The reality is. Something different.
• 9:01
  Guys, if we. Zoom out a little bit and take a
• 9:04
  look. At the big picture.
• 9:05
  And it can. Bounce back quickly, Michael.
• 9:08
  Oliver was on yesterday. Apparently.
• 9:11
  Talking about how we. Still have.
• 9:13
  We have a chance to hit $200 silver this year, maybe a little
• 9:17
  bit later in the summer. Right, but.
• 9:19
  But his his analysis is still showing.
• 9:23
  Just as fast as. Things went down, right?
• 9:26
  Boom. Think about how markets work and
• 9:29
  markets. Work a lot.
• 9:30
  Like nature, in nature when something gets bent one way, it
• 9:34
  always springs back the other. Way.
• 9:36
  When a ball gets thrown down at the ground.
• 9:39
  It always bounces back up. The same is true with what we
• 9:43
  experience with that parabolic. Move in silver from $90.00 to
• 9:47
  100. And $20.
• 9:49
  We all hoped and thought that it felt like it could go on.
• 9:52
  Forever. But the reality is it needed to
• 9:55
  correct, just like the reality is that the silver.
• 9:58
  Price in particular getting smashed down from 120 down to
• 10:02
  $67 can. Also bounce right back the other
• 10:06
  way. I understand basement dwellers
• 10:09
  that may not feel that way right now, and I don't.
• 10:11
  Have a crystal ball. Always be responsible, please.
• 10:15
  I'm not a. Financial advisor, but if you
• 10:17
  look. At the way markets work and the
• 10:19
  way prices behave over time, it certainly is not out of the
• 10:23
  question. But why?
• 10:26
  Let's listen to Michael Gentilly.
• 10:27
  If you don't know who Michael Gentilly.
• 10:29
  Is he's. A lot of people are saying he's
• 10:31
  the. New Eric Sprott OK, Eric
• 10:34
  Sprott's like the. King of Silver and and mining up
• 10:37
  in Canada, Michael Gentilly is a.
• 10:39
  Super, super smart, high quality, one of the highest
• 10:43
  quality people. In the entire gold and silver
• 10:47
  sector, In the mining sector. He gave his three.
• 10:50
  Reasons why he thinks we've experienced what we've
• 10:53
  experienced in the silver and gold price, but.
• 10:56
  Let's talk. About how these things can
• 10:58
  change as we move forward. So let's go out to He.
• 11:01
  Puts out a Saturday morning e-mail.
• 11:04
  I took a screenshot of just this one section for in terms of
• 11:08
  reasons why we had in he was referring more to gold.
• 11:11
  But what what applies to gold applies to silver?
• 11:14
  #1 when? People panic.
• 11:17
  They sell their. Biggest winners and gold has
• 11:20
  been the. The best performer year to date.
• 11:23
  And over the last 15 months, so the.
• 11:25
  Profit. Taking started there number.
• 11:28
  Two OK with what? Happened in, in in.
• 11:32
  The Middle East the short term flight to.
• 11:35
  Quote UN quote. Safety.
• 11:38
  On the US dollar has. Increased the US dollar value.
• 11:42
  Which has a negative correlation with.
• 11:44
  Gold. So people are.
• 11:45
  Selling gold, selling silver, Because pretty much.
• 11:48
  Anybody who's bought either? Of those in the last two to.
• 11:51
  Three years. Has made a boatload of money
• 11:53
  right and and when there's a liquidity event they're going to
• 11:57
  sell the things that they've made the most profit in but
• 11:59
  number. Two, this flight to safety.
• 12:02
  Quote UN quote that the. U.S. dollar because people
• 12:05
  aren't. Going to bonds, bond rates are
• 12:07
  shooting up. We're going to talk more about
• 12:09
  that tomorrow. There is so much weirdness going
• 12:11
  on. But back to Mr. Gentilly in #3
• 12:16
  it's possible. And this is something that a lot
• 12:19
  of people are saying. I'm hearing from more and more
• 12:21
  of the industry insiders that some central banks in the
• 12:25
  middle. East are.
• 12:27
  Facing pressure on their banking systems or needing money to fund
• 12:32
  the war efforts and have set have.
• 12:34
  Sold gold to create liquidity. Liquidity.
• 12:38
  Now this. Let's get his.
• 12:39
  Read on sentiment. Sentiment went from record.
• 12:42
  Bullish to almost record low in the matter.
• 12:46
  Of five to 10 days. That is insane.
• 12:48
  This also. Is quite positive because.
• 12:51
  The macro fundamentals. Are even more.
• 12:54
  Positive going forward than before the.
• 12:57
  War so this wash. Out of investor sentiment and
• 13:01
  optimism coupled with continued positive macro fundamentals.
• 13:05
  For gold I'll say I'll add silver as well.
• 13:08
  Will allow stocks. And the metal.
• 13:11
  I'll add that as well to rebound relatively quickly.
• 13:16
  In my view, OK guys, these things remember.
• 13:22
  Very quickly, I'll share with you what we've talked about over
• 13:25
  the years. Down here in the basement, the
• 13:27
  the these markets silver and. Gold, in particular silver, will
• 13:32
  experience major volatility. Don't forget please.
• 13:36
  What we're experiencing. Right now in the.
• 13:39
  Gold and silver markets happened during the 1970s.
• 13:43
  Right, which was the most epic bull run ever, right?
• 13:46
  They had multiple big 3040% pull backs, both gold and silver.
• 13:51
  From 1970 to. In 1980, silver.
• 13:54
  Went from a dollar. 50 to $50 during the 2000. 1 to 2011
• 14:00
  massive bull. Market in gold and silver
• 14:03
  Silver. Went from under $5 in 2001 to 50
• 14:08
  in in 2011. We had several major, massive
• 14:13
  pull backs. OK, yeah, this one's big.
• 14:16
  And you know what? Unfortunately, this one's
• 14:18
  happening right now, so it doesn't feel.
• 14:20
  Good, but we got to look at the silver.
• 14:23
  Lining and all of this. Think about what?
• 14:25
  Michael Gentilly? Said think about what?
• 14:28
  Metals and miners said that sentiment measure that goes from
• 14:31
  100. To a 0.
• 14:33
  And we've collapsed down to 3.7. It can't.
• 14:36
  Go lower than 0. Quite literally hold.
• 14:39
  On, I'm going to give you a demonstration of what's going on
• 14:43
  the sentiment level in the precious metal sector.
• 14:46
  I'm looking at it. It's right down there on the
• 14:49
  basement floor. Just two weeks ago it.
• 14:52
  Was up on the. Roof of this house.
• 14:55
  It can't go any lower. It gives us a.
• 14:58
  Massive runway for improvement. All the while, like all these
• 15:04
  experts are. Telling us and reminding us, and
• 15:06
  we don't need that because this audience basement.
• 15:09
  Dwellers, you're highly sophisticated.
• 15:11
  Thank you again for being here. Right, but, but we know all the
• 15:15
  while. While sentiment.
• 15:17
  Is it's horrible. I don't want to.
• 15:19
  Tear up, but it's bad, right? But all the while.
• 15:24
  The fundamental factors. That support that supported.
• 15:30
  The massive rally that we had and will continue to support as
• 15:34
  we move forward with gold and silver.
• 15:36
  All. Those fundamental factors are
• 15:39
  still in place. And what about Eric Sprott?
• 15:42
  Is he? Selling, I'm hearing.
• 15:43
  No, actually I saw somebody saying Eric Sprott.
• 15:46
  For use. That don't know he's the king of
• 15:49
  silver. The guy's a billionaire.
• 15:52
  He's got, you know, self-made man super smart, wonderful
• 15:56
  person. Is he selling like?
• 15:58
  It what? How's his?
• 16:00
  Portfolio done. Lately I'm hearing that he's not
• 16:03
  selling. But look at this.
• 16:04
  Here's a post from Small Cap Investor.
• 16:07
  Hold on. Make sure we got you up, which
• 16:09
  we do. Here is Eric Spratt's top. 25
• 16:14
  holdings performance. Over the last.
• 16:16
  Month down $1.2 billion. No panic selling, no
• 16:23
  capitulation, just conviction. Hold on tight.
• 16:27
  This is where. Fortunes are made OK Fortunes
• 16:32
  aren't made buying things when they're at the top.
• 16:34
  Fortunes are made right, having patience and holding and and you
• 16:40
  know, again, not financial advice but buying when things
• 16:43
  are challenging. We got a lot.
• 16:45
  More to talk about basement dwellers before we do that.
• 16:48
  Let's say thank you to our favorite.
• 16:51
  First mint, right? If you're looking to get some
• 16:53
  silver. While the price is.
• 16:55
  Under $70 per oz. Check out first Mint.
• 16:58
  There is silver exclusive mint in the United States.
• 17:01
  Las Vegas, NV owned by First Majestic, who sends.
• 17:05
  The the silver. From the mine to the mint and
• 17:08
  then it. Goes directly to you.
• 17:10
  And they make some incredible world class silver bullion
• 17:15
  products. I'm going to show you 2 today.
• 17:17
  That's the year of the horse. Coin, look at that, I mean.
• 17:22
  The. Detail is it?
• 17:23
  Really, I I was picking this. I don't.
• 17:25
  You just love silver. I was.
• 17:26
  Picking this up earlier this morning when I was working down
• 17:29
  here and there's nothing like holding.
• 17:31
  A piece of. Silver in your hand, Here's the.
• 17:34
  Back of their Buffalo. Round my absolute favorite.
• 17:39
  Piece of silver art in the. World look at that, that Indian.
• 17:43
  It is says. First met right there at the
• 17:45
  top. You can check them out at first
• 17:48
  mint.com. Oh, what the heck.
• 17:50
  We seem to. Do this every day.
• 17:52
  Let's go out to. First Mint.
• 17:53
  Where'd it go? Where'd it go?
• 17:54
  There it is. OK.
• 17:56
  First Mint free shipping orders over $299.
• 18:01
  They have a special a discount code for.
• 18:05
  Basement dwellers for you. VIP like?
• 18:08
  Very important person RB like Ron's basement.
• 18:12
  They got a special. Right now, $2 off on.
• 18:14
  Silver cast bars they got. All kinds of different.
• 18:17
  Products, all this stuff. There's the Year of the Horse,
• 18:19
  there's that Buffalo Round, Las Vegas.
• 18:21
  Round. Check them out, support them.
• 18:24
  You know what? While we're out here, let's also
• 18:26
  say thank you to 1st. Mining gold for sponsoring Ron's
• 18:30
  basement and I also want to note that Keith Neumeyer.
• 18:35
  Who's the CEO? Of First Majestic, who owns
• 18:39
  Firstment? He's also the.
• 18:41
  Founder and chairman of First Mining Gold.
• 18:43
  They've got two major gold projects in Canada, Spring Pole
• 18:48
  in Ontario and DU. Parquet located in Quebec, each
• 18:52
  of which have. Millions.
• 18:53
  Of Oz of gold. In the ground in Canada.
• 18:56
  You can learn more at that. Website I was just.
• 18:58
  Showing you firstmininggold.com. Thank you to 1st.
• 19:01
  Mining Gold and 1st for sponsoring Ron's basement.
• 19:04
  Oh boy. Let's go to our friend the
• 19:07
  International Stacker. Well, I consider him a friend.
• 19:10
  I've never met him but I hear. He's a great guy.
• 19:12
  He's got this. Crustacean Nation, He's got some
• 19:14
  more. Good news for us in particular
• 19:18
  about silver. Let's go see.
• 19:20
  What he said, and then we're. Going to watch a little bit.
• 19:22
  Of one of his most recent videos.
• 19:25
  And here we go. International Stacker Silver and
• 19:29
  gold crash history is on our side.
• 19:33
  Silver crashed to. $12.00 on March 19th, 2020.
• 19:39
  OK, that was exactly 6 years ago.
• 19:42
  Oh, but then it. Exploded 400%.
• 19:44
  The next year, gold did the same thing, up about 40% in a matter
• 19:49
  of months. Now look at the.
• 19:51
  Pattern multiple major energy. Shocks right now or?
• 19:56
  Crisis has had a. Dip right overtime.
• 19:59
  He's talking about overtime the the C-19 crisis when Trump got.
• 20:04
  Elected. That was a.
• 20:05
  A big event of the Most recently, gold and silver went
• 20:08
  down the the great financial crisis of 2007, 2008, even the
• 20:14
  great tech bubble burst in 2000 and then shortly.
• 20:17
  Thereafter silver and gold. Went on a 10 year mega run in
• 20:21
  blue. The fundamentals today.
• 20:23
  Are. Even stronger even he's saying
• 20:26
  it structural. Deficits.
• 20:28
  Comex vault being drained, China stacking.
• 20:31
  Wait till you see later. The information we're getting
• 20:34
  out of China, I forgot to. Forgot to tease you with that
• 20:37
  guys, It's crazy. We got Major.
• 20:39
  War risk. Geopolitical risk.
• 20:41
  This isn't 2011 or 1980. This is a new.
• 20:46
  Era. Hold on a second, are we having
• 20:48
  some tech issues? Hopefully you guys.
• 20:50
  Can still see me? OK, you should be seeing the
• 20:53
  screen and hear me. This is not 2011.
• 20:57
  This is not 1980. It is more extreme.
• 21:00
  If you're feeling the red candles today, this is your
• 21:03
  reminder. The smart money holds and stacks
• 21:07
  through the noise, not financial advice.
• 21:09
  He I'm going to show you now the first minute or so.
• 21:12
  Of a video he put out. This really?
• 21:15
  Is encouraging what he shares and then we'll.
• 21:18
  Be right. Back.
• 21:20
  Hold on here now you should see it on your.
• 21:23
  Screen. OK guys, here we go.
• 21:26
  Now, what if I told you that exactly 6 years ago yesterday,
• 21:29
  March 19th, 2020, silver crashed to its COVID lows of $11.66 an
• 21:36
  ounce. Many people panicked and sold
• 21:38
  everything but the ones who held They watch silver skyrocket over
• 21:42
  140% in just five months. If you're staring at today's and
• 21:46
  yesterday's red numbers on gold and silver and feeling
• 21:49
  depressed, this video is your instant booster.
• 21:53
  Stay with me. History is about to prove that
• 21:55
  this dip just may be your opportunity, all right.
• 22:00
  Oh, there he goes. Hold on, let's give.
• 22:01
  Him a chance internationals. What's up every?
• 22:04
  All right, putting out some great content and again a great
• 22:10
  reminder no matter how bad it hurts guys right now, but this
• 22:16
  is normal. It's normal to.
• 22:18
  Hurt. I forgot to tell you that when
• 22:21
  you came to the basement, if you're going to.
• 22:23
  Stack silver or buy. Precious metal mining stocks
• 22:26
  it's normal to. Hurt a little bit, it's part of
• 22:29
  the process, but trust me. Over time you get used to it,
• 22:32
  you get kind of you develop elephant skin when it comes to
• 22:36
  that and I want you to think about.
• 22:38
  A big, powerful, powerful. Fact happening right now in the
• 22:44
  silver market in particular when we had silver at 120, when we
• 22:49
  had silver at 100, when we had silver at $90.00 per oz at all.
• 22:54
  Those high price levels. There was massive stress
• 22:58
  shortages of physical metal in the in the vaults of the Comex,
• 23:02
  the LBMA, the Shanghai Gold Exchange, in the Shanghai
• 23:06
  Futures Exchange, remember. That was a big story.
• 23:11
  Oh my gosh, the vaults are going down, down, down.
• 23:14
  That was happening. At prices that were extremely
• 23:20
  higher. Than where we are now.
• 23:22
  Think about that stress. On those.
• 23:24
  Physical vaults. That physical metal.
• 23:27
  In an environment now. Where we had silver.
• 23:30
  Close what? I don't even want to look 67.
• 23:33
  Dollars on Friday where Pete the the point here is that if there
• 23:37
  was stress. In the market, the physical.
• 23:39
  Market people were buying. Too much silver at wanting
• 23:43
  delivery of too much. Silver at 100.
• 23:45
  Dollars an ounce. What do you think?
• 23:47
  Is going to happen. It's 67.
• 23:50
  Dollars per oz think. About it, OK.
• 23:54
  Things are getting crazy crazy interesting.
• 23:57
  China the wheat massive news. We got like 4 massive news
• 24:00
  stories now to cover about China.
• 24:02
  Before I do that, I do want to say thank you to Dirty Man Safe.
• 24:06
  See it right there? Dirty man.
• 24:08
  Safe, Ron. 10 That's your discount code at.
• 24:12
  Dirty man Safe, easy to remember.
• 24:13
  Ron 10. These are safes.
• 24:15
  That you bury in the ground. Maybe you have a safety deposit
• 24:18
  box maybe. You have a fireproof.
• 24:21
  Safe. I don't know.
• 24:22
  It's none of my. Business, but these allow.
• 24:24
  You to store valuables. In the ground.
• 24:27
  Just like the Pirates did. Just like people.
• 24:30
  Have done for thousands of. Years, it is the safest safe
• 24:35
  from natural disasters, fires. Floods, anything like that.
• 24:39
  These things are awesome. When they sent me the first one,
• 24:41
  I was like, wow, I was impressed.
• 24:43
  Everything about it. Is super high quality.
• 24:46
  You you dig a hole, there's a sleeve.
• 24:48
  This goes down and there's a. Cap you can read all about it.
• 24:51
  Again at dirtymansafe.com. Don't forget there's a.
• 24:55
  Discount code Ron 10 that you can use as well.
• 24:58
  Now let's. Go to.
• 24:59
  China, we have news from Bloomberg Breaking News.
• 25:03
  Yesterday. Today about gold.
• 25:06
  And Silver in China, and we got some video we're going to watch.
• 25:09
  We're going to have all kinds of fun together.
• 25:11
  Basement. Dwellers, let's head out.
• 25:13
  And see what Bloomberg. Has to say about what is.
• 25:16
  Happening in China right now, and I think this is borderline
• 25:21
  shocking. This comes from.
• 25:23
  Z Hui X. She's the metals and miner.
• 25:26
  Reporter at Bloomberg. We're just, we're just going to
• 25:29
  read this whole thing. Because it gets better as we go.
• 25:32
  China Massive silver imports. China's ravenous.
• 25:36
  Appetite for silver lifted overseas purchases to an 8 year
• 25:41
  high at the start. Of 2020. 6 as importers fed a.
• 25:45
  Surge in industrial and investment demand.
• 25:48
  Record high guys, the world's biggest.
• 25:51
  Buyer pulled in over 790 tons in the first two months.
• 25:56
  Including nearly 400. And 70 tons in February alone,
• 26:01
  the highest. Ever for that month, a record,
• 26:05
  according to. Chinese customs and that's.
• 26:06
  Just what they're telling us about.
• 26:08
  Strong demand has pushed local prices well above international
• 26:11
  benchmarks. Yes, that means.
• 26:13
  That the the real price of silver.
• 26:16
  Is about $10 higher than where it's being reported on the COMEX
• 26:20
  in the LBMA whittling down. Already low.
• 26:25
  Exchange stockpiles. Like we just talked.
• 26:28
  About and hoovering up metal from abroad, China's.
• 26:33
  Lofty imports have yet to disrupt.
• 26:36
  The London market, thanks to a record inflow of silver into the
• 26:39
  global trading hub following. A historic squeeze last year
• 26:43
  less. Silver held in exchange traded
• 26:46
  funds around the. World which have dropped.
• 26:48
  This year, by more than 1900 tons has also freed up more
• 26:53
  metal. What do you?
• 26:54
  What you think is going to happen when people come back to
• 26:57
  the? ETS for silver but physical.
• 27:01
  Inventories tracked by Major. Exchanges.
• 27:04
  From New York to. Shanghai are either.
• 27:07
  Falling or sitting? Well below their long.
• 27:10
  Term averages suggesting speculating metal remains scarce
• 27:17
  in the broader system and the market has reason.
• 27:21
  To be worried. The market has reason to be.
• 27:29
  Worried. And what did we just talk about?
• 27:32
  We. Like to we like to look out and
• 27:34
  analyze things What did we just. Talk about yeah.
• 27:37
  That's Bloomberg saying that. OK, we have.
• 27:40
  Reason to be worried? What about this idea that it's
• 27:43
  67? Dollars, silver.
• 27:45
  There could be a wave. I mean, do you think if China
• 27:48
  liked silver in January and February and imported record
• 27:52
  amounts when it was at $100 per oz?
• 27:56
  I don't know. What do you?
• 27:57
  Think do you think the Chinese? Might want to.
• 28:00
  Buy a whole lot. More now that it's 60. $7.00 per
• 28:03
  oz. I mean, come on, you don't have
• 28:08
  to be Albert Eisenhower to get the answer to that question.
• 28:11
  Think about it In February, the Chinese.
• 28:15
  Hoovered in to quote Bloomberg a record.
• 28:18
  Amount of silver when the silver price was. $20.00 an ounce
• 28:22
  higher. Than it is right.
• 28:24
  Now, do you think the Chinese people, where's my gong?
• 28:28
  Hold on a second. Do you think?
• 28:31
  Huh, time to wake. Up the Chinese, bring the gong.
• 28:38
  Do you think they're going to buy more now that?
• 28:40
  It's 60s, yes, of course. OK.
• 28:43
  Do you think? It's going to put.
• 28:44
  More stress. On those western warehouse.
• 28:47
  Bolts like like Ji Jung GX from Bloomberg.
• 28:52
  Yes, it is. OK, but wait, there's.
• 28:54
  More OK. Because it's not.
• 28:56
  Just silver. When it comes to China, it's
• 28:58
  gold also and wait until. You see this video this.
• 29:03
  Is a great one. I love it take.
• 29:05
  Your blood pressure medicine and this comes from pure metals.
• 29:10
  Who says one minute and I'm sharing the wrong screen
• 29:14
  upstairs? Susie's gone today.
• 29:16
  Now you can see the right. Screen One minute.
• 29:19
  That's all it takes to drain 600 kilograms of gold in China.
• 29:24
  This is being. Reported by the.
• 29:26
  Oriental Ghost. Reported by everybody.
• 29:28
  Sales start. At 9:00 AM by nine O 1.
• 29:32
  The shelves are empty. The gold price.
• 29:36
  Crashed in Western markets. Chinese citizens didn't care.
• 29:41
  600 kilograms daily limit per bank.
• 29:45
  Sold. Out every single time.
• 29:48
  The West sells gold. On fear, China buys it on a
• 29:53
  discount and wait. Till you see this short video.
• 29:56
  From Pier Metals. This is awesome.
• 29:58
  Here we go. Enjoy.
• 30:01
  One minute. That's all it takes to drain 600
• 30:04
  kilograms of gold in China. Sales start at 9:00 AM.
• 30:07
  By 901, shelves are empty. Gold crashed yesterday in
• 30:10
  Western markets. Chinese citizens didn't care.
• 30:13
  600 kilograms daily limit per bank. 100 kilograms on weekends.
• 30:17
  Sold out every single time. The West sells gold on fear,
• 30:22
  China buys it on discount. Stack gold at the lowest
• 30:25
  premiums on pure metals. One minute.
• 30:28
  That's all right. Thank you, Pure Metals for that
• 30:30
  one. Good reminder now.
• 30:33
  Let's go out to Kitco, who's also.
• 30:35
  Reporting on this China. Silver imports hit record high.
• 30:40
  Nearly. 800 tons in January and February.
• 30:43
  And there's the the wonderful graphic.
• 30:45
  They put together, there's all of our silver right going from
• 30:48
  New York on a. Boat over to China or a plane,
• 30:53
  doesn't matter. Here we go in green China.
• 30:56
  Silver imports in an 8 year high in the first two months of 2026
• 31:00
  as burgeoning demand from the industrial and investment
• 31:03
  sectors. Boosted local.
• 31:04
  Price premiums drained domestic. Silver stockpiles.
• 31:09
  I mean, there's like almost no. Silver left at the.
• 31:11
  Shanghai Gold Exchange and drove unprecedented foreign purchases,
• 31:16
  according to the latest customs data again.
• 31:20
  This is just. What they're admitting to.
• 31:22
  OK, so it's at. Least this amount In January and
• 31:25
  February, China imported over 790 tons of silver.
• 31:29
  The data showed February. Alone accounting for.
• 31:33
  Year over year record of four. 170 tons and guess what guys?
• 31:40
  Guess what? Let's go out.
• 31:42
  And take a check on our friend the Dude, because now the paper
• 31:47
  market on slammy days is picking up again the silver market the
• 31:53
  traded 484,000,000 paper ounces. Yesterday, that's the paper
• 31:59
  market, OK. Remember, the entire mining
• 32:03
  sector only produces about 800 million oz per year.
• 32:07
  That means in one day. In one day the paper market.
• 32:12
  Did indeed trade the equivalent of.
• 32:15
  More than 1/2. Of all the silver.
• 32:18
  That can be mined and produced in the entire.
• 32:21
  World we are. Coming to the end of the paper
• 32:24
  market manipulation paper market comex make believe futures price
• 32:30
  setting of silver it's moving. To the east, it's.
• 32:35
  Moving to China. Oh, but.
• 32:37
  Wait. Is there a reason why we want to
• 32:39
  pay attention to India? Well, yes, because India also
• 32:43
  has 1.4 million people who are becoming wealthier and wealthier
• 32:48
  literally by the minute. There's going to be 100 million
• 32:51
  new consumer. Class People created in.
• 32:55
  India in the next five years and they love silver, OK, and gold
• 33:01
  for you know. That right the the.
• 33:03
  Indians and the Chinese. Households hold gold alone.
• 33:07
  That is like dwar make makes makes what we have in Fort Knox.
• 33:11
  Look like like like. Our stack compared to Fort Knox,
• 33:15
  but with India. Also, there's big.
• 33:18
  Changes going on. Exciting.
• 33:20
  Changes for silver. Their big investment funds are
• 33:24
  now allowed to invest in precious metals, right?
• 33:27
  Silver, gold, they're. Re monetizing silver, that's
• 33:30
  going to happen here in a few. Weeks.
• 33:32
  Where people can actually Indians who?
• 33:34
  Love silver for years can take a part their silver to the.
• 33:39
  Bank and actually have it monetized.
• 33:41
  Use it directly as collateral. Essentially that's monetization
• 33:46
  of silver and on top and on top of that, the big Indian silver
• 33:52
  exchange, right? Is.
• 33:54
  Said that they're no longer going to use the LBMAI.
• 33:57
  Think it was as is how? They as how they they set their
• 34:01
  pricing that they're. I believe it was.
• 34:03
  The Shanghai Gold Exchange they're moving to, it's, it's
• 34:07
  changing so quickly all around us right now.
• 34:11
  Yes, I understand the last. Couple weeks have been horrible
• 34:15
  right to be. Invested in the precious metals,
• 34:17
  it's been. Painful, but don't forget.
• 34:20
  Pain is part of the process. Anything that's worth achieving
• 34:24
  in life is going to come with some hard times.
• 34:27
  Let's go out and check on. Hold on one second here guys and
• 34:32
  boom, OK, we are good. To go, OK.
• 34:35
  We are in good shape. Thank you for joining me down
• 34:38
  here in the basement. Please don't forget, subscribe
• 34:40
  to the channel so you can come back.
• 34:42
  You'll get alerted whenever we go live.
• 34:44
  There's so much happening. It's important that we together
• 34:48
  stay on top of all these developments.
• 34:50
  Thank you for being here today. OK, take care of.
• 34:52
  Yourself and I'll see. You.
• 34:55
  Yeah, I will see. You.
• 34:56
  Next time, bye bye.