Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 💰 Shocking GOLD Statement! 💰 BIG News From THIS New U.S. Official -- (Silver Price News Update)

Transcript

💰 Shocking GOLD Statement! 💰 BIG News From THIS New U.S. Official -- (Silver Price News Update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
I've got some great news for you today.
0:02
Gold and silver stackers. Yes, he said this.
0:06
I've confirmed it. I'm going to show it to you in
0:10
this video. What I'm talking about is Donald
0:13
Trump's recent nominee for Treasury Secretary, Scott
0:17
Descent. He said something that as gold
0:20
and silver investors, should make us very, extremely happy.
0:26
I'm rattled by this. I almost couldn't believe it.
0:29
It's kind of breaking news, so I've been digging and trying to
0:32
learn more, and I'm going to share it with you right now.
0:34
But we got a lot more to talk about as well.
0:37
A major financial institution, one that you've likely heard of
0:41
now offering digital gold that you can use with a Visa debit
0:46
card and gold that is 100% backed up by physical gold in a
0:51
vault. We're going to talk about that.
0:52
We're going to talk about the 25% front tariffs and maybe a
0:56
bonus tariff for China as well. Inflation.
0:59
And we know that inflation will drive the price of gold and
1:02
silver higher and faster than anything on the face of the
1:05
earth. But let's get right into the
1:07
big, massive story that we need to talk about with Scott
1:11
Bescent. Get used to that name.
1:13
He'll be replacing this person. We need to say we need to say
1:16
goodbye to someone who's been near and dear to our hearts.
1:20
Yes, she faithfully served us as the head of the United States
1:23
Federal Reserve and then she became the Treasury Secretary,
1:29
the one and only Janet Yellen. Goodbye, Janet.
1:33
Being replaced by a gold bug. Can you believe?
1:36
Wait till you hear this. Let's dive right into this one,
1:39
guys, because this just absolutely left me flummoxed
1:43
when I saw this. This was from Make Gold.
1:46
Great. Again, breaking news.
1:48
Trump nominates a gold bug for the US treasurer.
1:52
He's referring to Scott Besent. And here it says right here, and
1:55
we're going to look at this quote, the United States new
1:58
treasurer quote said this on November 4th, not too long ago.
2:03
He said we are in a long term bull market in gold.
2:07
It's my biggest position. OK, He was on a podcast.
2:15
Here it is right here. You can check it out for
2:16
yourself. I went and listened to it, Scott
2:19
Percent on the Macro Maven podcast, and it's right around
2:24
the 51 minute mark. You got to check this out.
2:27
This is the guy who's going to be our new treasure, Treasury
2:31
Secretary. Let's go take a look at his
2:34
background. Very interesting.
2:35
There he is. There's Mr. Percent and here.
2:39
OK Scott Kenneth Homer Descent is an American hedge fund
2:44
manager. He was a partner at he was a
2:47
partner with George Soros, Soros Fund Management, and he founder
2:51
of Key Square Group believe he's a billionaire, a global macro
2:55
investment firm. Descent has been a major
2:56
fundraiser to Donald Trump. And as we learned last night,
3:01
he's also a gold bug. Oh, before I forget, I want to
3:05
give credit to the person who broke this story, which was
3:11
Peter Spina, I believe. Yeah, Here it is, right here
3:14
from Gold Seek. He's the individual that broke
3:18
the story. This is big news, guys.
3:20
This is the United States Treasury Secretary Scott percent
3:24
billionaire, and he was with Soros.
3:27
Whatever he is, he's a gold bug. Hello.
3:32
What does that mean? Right.
3:33
He's the guy who will be setting the Financial Policy for the
3:37
United States. OK.
3:39
He's probably in some ways just as powerful, if not potentially.
3:43
Think about this. Under President Trump, who wants
3:46
to rein in more control over monetary policy, this Scott
3:51
Besent guy's probably going to wind up being as powerful or
3:54
maybe even more powerful than our old friend Jerome Powell at
3:58
the Federal Reserve. Look, I mean, I don't know what
4:02
else to say about this. I was absolutely shaken when I
4:06
saw this news. I don't know, in a good way,
4:09
shaken in a good way that we could have a gold and silver bug
4:13
now heading up the United States Treasury Department.
4:17
Hey, thank you for being here. I got so excited about this big
4:22
news I wanted to share with you. We got a lot more big news to
4:24
talk about, but the biggest news is you.
4:27
Yes, you are the most important part of the basement.
4:30
I appreciate you making the decision to join us today,
4:33
whether live or watching this as a recording, it doesn't matter.
4:37
You're part of the group. You're part of the tribe.
4:39
All I'll ask is that you please subscribe, give the video a
4:43
thumbs up. Super chat.
4:44
Super thanks are always super appreciated.
4:46
Looks like we got a super chat here.
4:47
Hello, Don. Wow, Don, you are consistently
4:51
so generous in helping support the basement.
4:55
It goes a long way as we are supporting the family on the
4:58
YouTube channel. So thank you guys.
5:00
OK, thank you very much. Now let's talk about the other
5:04
big breaking news. There's nothing that is going to
5:08
drive the price of gold and silver.
5:11
When you think out to 2020, five, 2026 and beyond, right?
5:17
And you think about the gold and silver price, you absolutely
5:21
have to think about the, I word inflation because there will be
5:24
nothing that will drive the price of gold and silver in
5:28
these coming years like inflation, right?
5:31
We're going to have higher prices.
5:32
As a matter of fact, in a little while.
5:35
I'm going to talk to you about this.
5:36
OK, eggs, but that's besides the point.
5:40
Trump is talking about putting these massive tariffs.
5:43
Wait till you hear this on China.
5:46
I think on Canada, on Mexico, 25%.
5:49
Guys, we already have think about this.
5:52
We already have high inflation. We already are in a precarious
5:57
financial situation in this country.
5:59
If you slap 25% tariffs and we import everything, right, that's
6:05
going to mean one thing. That's going to mean big, big
6:08
inflation. Not a political statement.
6:11
I think you know where my political allegiances lie.
6:14
But nonetheless, if Trump does this, it will make massive
6:19
inflation and nothing will drive the price of gold and silver
6:22
higher like inflation. The reason why right is because
6:25
over the long period of time, any time period you look at, if
6:30
you consider devaluation of paper money, in our case, we're
6:35
dealing with this right. Remember these things, Federal
6:38
Reserve notes, nothing drives the price of gold and silver
6:41
higher like devaluation of the currency, which is the same
6:44
thing, my fellow basement dwellers, as inflation.
6:47
But let's see what Trump is proposing because this is just
6:51
absolutely startling what he's talking about.
6:54
This broke last night from Reuters.
6:57
Trump vows New Canada, Mexico, China tariffs that threaten
7:02
global trade OK. President-elect Donald Trump on
7:06
Monday pledged big tariffs on the United States three largest
7:09
trading partners Canada, Mexico and China, detailing how he will
7:12
implement a campaign promise that could trigger trade wars.
7:18
Trump takes office on January 20th, said he would impose a 25%
7:22
tariff on imports from Canada and Mexico until they clamp down
7:27
on drugs, particularly fentanyl, and migrants crossing the border
7:31
in a move that would appear to violate a free trade deal.
7:35
Trump also separately outlined an additional 10% tariff above
7:40
any additional tariffs on imports from China.
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Why our toasters? You better go out and get your
7:45
toaster while you can, right? Our TV is everything could
7:49
really skyrocket in price. It was not entirely clear what
7:53
this would mean for China, as he's previously pledged to end
7:57
Chinas most favored nation trading status and slapped
8:00
tariffs on Chinese imports in excess of 60%, much higher than
8:05
those imposed during his first terms.
8:07
Okay, he put those two posts on true social.
8:11
He said on January 20th, one of my many first executive orders,
8:15
what I will sign all necessary documents to charge Mexico and
8:20
Canada a 25% tariff on all products coming into the United
8:24
States. And it's ridiculous.
8:26
Open borders, man, if this happens guys.
8:29
And we talked about this, right, this post Trump honeymoon that
8:33
occurred where everybody thought, oh, everything is so
8:36
wonderful in the world, We're all going to get along.
8:38
No, right. The reality is something
8:41
different, right? Donald Trump is shaking the
8:43
boat. He's he's shaking the tree.
8:46
And we're going to have major uncertainty heading into 2025.
8:51
Not a political statement, just a statement about reality.
8:55
OK. And on top of that, like we just
8:57
talked, let's remember something positive.
9:02
He did just nominate a gold bug, a precious metals fan, maybe a
9:06
basement dweller, right to be the next Treasury Secretary.
9:10
The darn Treasury Secretary said that gold is his biggest holding
9:14
and said that apparently back just on November 4th, which is
9:18
what I don't know, 22, three weeks ago today.
9:22
Absolutely incredible that inflation, that inflation,
9:26
inflation in the coming years will drive the price of the
9:29
metals way higher. What about if a major financial
9:34
institution is now offering digital gold a way that you can
9:38
use a Visa debit card to pay for your groceries, your coffee,
9:43
whatever the case may be with actual physical gold,
9:47
Instantaneous, seamless. We're going to talk about that
9:49
next. We need to go out and take a
9:51
check a peeksy weeksy at the gold and silver price.
9:55
I appreciate you guys being here.
9:56
We'll go out. This is yesterday's don't have a
9:58
heart attack. This is the that was yesterday.
10:01
Today life goes on. We were down $90.00 last we
10:05
checked on gold. Woof.
10:07
Let's hope for an improvement. Let's press the pin backs magic
10:09
button and OK, hey, it's green. We will take it.
10:14
Gold is up a dollar, $2627.00 per oz on what is today,
10:21
Tuesday, November 26th, 2024, and silver's up $0.17.
10:25
So we will, we'll take that right, Silver $30.50.
10:29
Do you feel like it's building a base?
10:31
We'll talk about that next. But I do want to say thank you
10:34
to Pembex and, and just offer to you the opportunity to check
10:39
them out. Many of our fellow basement
10:40
dwellers have checked out Pembex.
10:42
They're an online bullion dealer.
10:45
It's a place where you can buy gold, gold, silver, and platinum
10:47
group metals online, but what they really offer you #1 is a
10:51
great selection #2 which is I think paramount in my opinion
10:57
because I, I tend to be a bit of a tight wad or, no, I'm sorry, I
11:00
didn't mean to say that. Not a tight wad.
11:01
I'm frugal, I'm resourceful. I want to get the most metal for
11:05
my money. That's why I worked with
11:07
Pembeck's before they sponsored Ron's Basement, because their
11:10
prices are ultra competitive. And of course, you want to work
11:14
with a company you can trust. Okay, so please do yourself a
11:19
favor, just throw them into the mix.
11:21
I'm not giving financial advice. I'm not giving telling you what
11:25
to do. I'm just saying you will benefit
11:27
if you give pinbacks a chance next time you go to buy silver,
11:31
gold or platinum online. Now let's go take a look at the
11:34
silver price because guys, it's fighting and it's fighting a
11:38
darn good fight. Here we are.
11:41
Let's update this. This is the silver's futures
11:44
contract for December of this year.
11:47
And as you can see now, you can't see anything.
11:50
Now you can see we're loading up.
11:53
OK, we're up $0.26 and let's look at a six month chart of
11:58
silver and see how that looks. Yeah, look at this.
12:03
You see six months we've been hovering a little bit below, a
12:07
little bit above about 30 dollars, $30.50.
12:13
Of course, we had this big break up here.
12:16
If we and we need to remind ourselves of this because
12:19
there's a lot of good things going on still in the silver
12:23
market and that is if we go back just to August, we've got a nice
12:27
uptrend line. If we go back for let's go look
12:32
at a five year chart of silver. I mean do you see this?
12:36
I see it. I mean to me, hold on, I got to
12:40
turn on the crayons there we are right.
12:44
We've got a lot of solid, what I would call uptrend lines in the
12:49
silver market and you know this last little period here around
12:53
$30 consolidation, you know that happens.
12:58
That's part of a bull market. You will have periods of time
13:03
that will not go straight up. We can look at any long term
13:06
chart, gold, silver, Apple stock, NVIDIA, anything that's
13:10
in a big bull market, there's it goes up, it pulls back.
13:14
That's when the people that want to get out, get out it.
13:16
It establishes a new base and it moves higher and I see that
13:20
coming in the silver and gold market.
13:22
Let's talk about this new. To me, it's new.
13:25
Maybe I'm wrong, but to me this is new news and to me it's
13:28
breaking news in my mind. And that is a major financial
13:31
institution offering a new solution to make gold and
13:36
hopefully eventually silver. And we'll look at some silver
13:38
data on this company a little bit as well.
13:41
Functional. Functional.
13:42
This will not, don't worry, this will not.
13:46
There's a reason why we want to explore these digital forms of
13:51
gold. Big reason.
13:52
I'll explain that to you. But before we do that, I want to
13:55
emphasize to you this does not prohibit you from stacking gold
13:59
and silver. We're talking about a company
14:01
called Wisdom Tree, and hold on here.
14:07
There it is called Wisdom Tree Prime.
14:10
This is not sponsored. I'm not making any
14:12
recommendations. Someone pointed this out to me
14:15
and I found it very interesting. Wisdom Tree Prime is now
14:19
offering this. They call it the power of gold
14:21
in the palm of your hand. Buy, sell, save and invest in
14:24
digital gold. Plus, use your digital gold to
14:27
pay bills and make everyday purchases with tools from Wisdom
14:32
Tree Prime. And there's the Visa debit card.
14:35
But what's critical about this, as I dug in a little bit, is
14:39
they call this a new way to own gold.
14:42
Now you can own gold as a digital asset with the Wisdom
14:45
Tree Gold token, which represents a direct ownership
14:49
interest in physical gold. Easily buy and sell digital
14:54
gold. Ownership of physical gold
14:57
stored in a secure vault with no storage fees.
15:01
Exchange it, and you can also exchange it into other digital
15:04
assets. But what we're talking about
15:06
here guys, all right, spend from your digital gold to pay bills
15:11
or make purchases using tools from Wisdom Tree Prime and your
15:15
Wisdom Tree Prime Visa debit card.
15:18
That to me, this is so interesting because guys, I know
15:22
like is, you know, a lot of a lot of hardcore stackers are
15:25
like, I don't like digital gold. I don't like digital that that's
15:28
not a cryptocurrency. The way I understand what we
15:31
just looked at is that is an asset backed digital currency
15:35
that makes gold and silver functional.
15:37
Look, I love this stuff, OK, You know me, right?
15:41
I love there's an American Silver Eagle.
15:44
Isn't she beautiful? But you and I know both in
15:47
reality, we're going to have a hard time if we go out for lunch
15:50
today and we try to use this for payment.
15:53
Sure, right. There's probably a few
15:55
restaurants in your town or my town that would take this and
15:58
realize that it's worth about 30 two US dollars.
16:01
They would convert it into paper money.
16:03
But the reality is would be very difficult.
16:05
So these asset backed digital currencies like Wisdom Tree, and
16:10
I don't know if they're referring to it, I'm referring
16:12
to it as an asset backed digital currency.
16:14
They make the precious metals functional.
16:18
Listen, listen to me please. They do not prohibit you or me
16:24
from continuing to stack, right? It just adds a new component, a
16:29
new level of functionality to silver and gold, a new way for
16:33
people to protect their savings with silver and gold.
16:38
And there's a big bonus factor to this as well.
16:41
Even if you don't, and I don't have one of those, I'm not and
16:44
I'm not making recommendations. That was not a sponsored plug or
16:47
anything, something that I just found very interesting.
16:51
But even if we don't and I don't, I don't have any digital
16:54
gold. I don't own any, any crypto
16:56
either, anything like that. But even if we choose not to
17:01
partake in these types of of, of asset backed digital currency
17:06
opportunities, the big key thing is that guys that only, only
17:11
those being around and those growing in popularity will only
17:15
increase right then a number of Oz that are needing to be bought
17:20
in the market. They will help drive up demand
17:24
for physical gold. And if they offer a physical
17:26
silver opportunity for physical silver as well.
17:29
Let's quickly look at who is Wisdom Tree, just so we know who
17:33
we're talking about here. And here we are about Wisdom
17:37
Tree. Let's go down to the bottom.
17:40
That's where the real meat is. So they're a 200 plus employee
17:44
company with $113 billion of assets under management.
17:50
So they're not like a Fidelity or a Vanguard, but they're big
17:53
and they've got offices and looks like New York and UK and a
17:56
couple other European cities. So this is a big company.
18:00
To me. That is big news.
18:02
That does mean something when we have this movement because the
18:07
future is digital. You know, I was having coffee
18:09
this morning with Gerard, one of our fellow basement dwellers and
18:13
and he was saying the same thing as I remember.
18:16
The future is digital, OK. I don't think personally that
18:20
it's cryptocurrency, digital, nothing but digital gold and
18:24
silver that are 100% backed by real metal in a real vault
18:30
that's audited and regulated and confirmed.
18:34
That's the future, right? That's the future.
18:37
Imagine if you can go out and, and and spend, you know, 1/3 of
18:42
an ounce of silver to buy yourself a sandwich.
18:44
It's happening. It's and it will create massive
18:48
new demand that has this opportunity.
18:50
We can't, my opinion only, you're free to think whatever
18:54
you want, but we can't just poo poo these ideas of of of, of, of
18:59
asset backed digital currencies. When it comes to the precious
19:03
metals, it's the future, right? I don't think that we're going
19:06
to, I'll say it one more time. We aren't going to walk around
19:09
and use this to buy groceries. OK?
19:12
I just don't see that happening. But again, doing it in a digital
19:17
manner is a big deal. This is interesting.
19:20
So we're talking about these asset backed digital currencies.
19:23
Let's talk about the LBMA in the actual physical metal because we
19:27
always go, let's do our daily trip out to the US debt clock.
19:32
And we know that there's a massive amount of paper silver
19:37
traded for each one ounce of real silver.
19:40
But before we do that, let's just confirm, yes, the US
19:42
national debt still exists and yes, the interest on the debt is
19:47
still above $1 trillion. Let's go do a quick look over
19:51
here. Okay, the dollar to silver ratio
19:54
now it almost 1030 per oz. Yes, for each one ounce of
19:58
silver being produced this year, the United States government is
20:01
creating over $1000. For each one ounce of silver
20:06
through the M2 money supply. Staggering.
20:09
I'm not saying that the silver price should be 1028, but just
20:13
to look at that ratio gives us an idea of how much paper M2
20:17
money supply is being created for each one ounce of silver.
20:22
What we do want to look at here is the paper to silver ratio,
20:26
which according to the US debt clock is now 411 will round up.
20:30
That means that for each one oz, for each, for every 400 oz,
20:35
think of, think of it this way. For every 400 ounces of paper
20:41
silver that are traded, there's only one real oz backing that
20:46
up. And look at this data that we
20:48
get from the LBMA from our friend Hugo, who says a
20:52
significant 79% of the accounting of, of silver stored
21:01
in the London vault is held by ETF.
21:05
Almost 80%, almost four out of every 5 oz stored in the London
21:10
vaults is held by the ETF guys. That means it's claimed, that
21:14
means it's not available, not available to be delivered on
21:18
these, on these paper, on these paper contracts that are being
21:22
traded. So here are all the ETF right
21:24
here's the SLVETF 475,000,000 oz.
21:28
There's Wisdom Tree, interesting enough, the company we just
21:31
talked about with the gold asset backed digital currency solution
21:36
that they have, they have over 53,000,000 oz again of silver.
21:40
You just go down this list, OK, Gold Money Bullion Vault total
21:44
ETF holdings in the London Bolts 676,000,000 ounces of silver.
21:51
But that's out of a total of only right silver held in London
21:55
Bolts at the LBMA total of 856. Do you see this?
22:01
Hold on, let me get the crayons out.
22:04
So we've got this number right here, 676 that's held by the
22:10
ETFs, but that is the total number 856.
22:17
That means that the available oz on the LBMA are only about 180
22:23
million oz. That's what like maybe 20% of
22:29
the entire world's annual mining production.
22:35
OK. And we know from our friend the
22:37
dude that on many days the electronic markets trade half of
22:42
the entire world's mining, the annual world's mining
22:45
production. In one day, they'll trade half
22:48
of the entire world's annual mining production.
22:52
And the LBMA is only sitting on 180 million ounces and they can.
22:58
So you're going to tell us that the price of silver is not
23:00
manipulated, isn't it? Doesn't it make sense?
23:03
I mean, that's the reason why we dig into this stuff, to look and
23:06
say like, OK, so the LBMA has 180 million oz total in their
23:12
vault, but on any given day, the comics and the LBMA together can
23:17
trade and one day the equivalent of 4 / 400 million oz, which is
23:22
the equivalent of half the year's annual mine output.
23:26
I mean, come on, man, are they trying to fool us?
23:30
Because they're doing a good job.
23:31
Let's run back at the pin backs and get a quick update on the
23:34
silver and gold price. We'll press the magic button
23:37
there. All right, we're moving in the
23:38
right direction. Silver at 14 cents.
23:41
Hey, anything's better than yesterday, boy.
23:43
Platinum's been taking it $930 per oz.
23:48
It is going to be interesting to see how this all plays out here.
23:52
I have a question for you guys about silver since we are,
23:56
we're, we were facing what felt like doomsday yesterday.
24:00
I had said a few months ago that if the silver price got the
24:04
$26.50 that I would back the truck up.
24:08
Look, I bought silver for decades, OK, store it at off
24:11
site locations. I don't, I'm not a multi
24:14
millionaire or anything like that, but I've got enough silver
24:17
relative to what you know, what we want to own.
24:19
I'll only buy when I think it's an unbelievable great deal.
24:23
I've raised that number now to $27.00 Browns.
24:26
If does, and I don't think it will, right?
24:30
But trust me, I'm satisfied with, you know, decades of
24:33
stacking how much I do have. If it does get to 27, I will.
24:37
I'm curious what how you guys think?
24:39
Like what's your backup? The truck number, OK, for
24:42
silver, because you know what silver, let's let's be real,
24:46
man, this stuff, right? This is value.
24:49
This is real, real money. And I got me thinking last
24:52
night, OK, some basic comparisons, right?
24:56
We think of silver in terms of dollars, which is a big mistake,
25:00
a big, big mistake because I'm going to tell you something.
25:03
I'll get tell you the reason why thinking of silver in dollars.
25:07
I'm guilty, my hands up, OK, I'm guilty of doing it like
25:10
everybody else, but it's a big mistake because look, this would
25:16
this has been valued in everything else for centuries
25:19
and centuries. And it got me thinking about
25:21
eggs. I don't know why last night, but
25:23
you know, I was thinking like a dozen eggs.
25:25
Now I was at the grocery store the other day.
25:26
It was like $4.00. OK, so here's my question for
25:29
you. I want to get your opinion on
25:31
this. Do you think at $4.00, this one
25:35
I measured in dollars, this one ounce of silver, this right
25:40
here, this one ounce of silver would buy you about eight of
25:44
these eight dozen eggs at this point, roughly 7 or 8.
25:48
Do you really think that's a fair trade?
25:50
Right? Because we, we talk about the
25:52
real value of silver, the real value.
25:56
And then to determine that, I think it's critical to compare
25:59
it against other things, oil, maybe land, houses, whatever.
26:04
But on a very simple basis, I was thinking about this, right,
26:07
as compared to seven or eight of these 96, I had to take Susie's
26:11
eggs out of the fridge. There's a couple in there.
26:14
OK, 96 of those. Would you trade this for 96
26:21
eggs? And it got me thinking about
26:23
like the value of eggs. OK, Stay with me on this because
26:27
I think it's critical information that for us to
26:30
understand as we think about the value of our silver.
26:33
So you've got one of these. I'll show you one more time.
26:36
It's kind of fun to look at these eggs versus 96 eggs, 48
26:40
times what you're seeing there. Two eggs.
26:44
How could you tell me? I, I don't, I, I just, to me,
26:47
it's just complete insanity to think that you only get 96 eggs
26:53
for each one of these. And it got me thinking.
26:56
It was like, if you think about the eggs, right, how much work
27:00
goes into producing 96 eggs? There's work that goes in, no
27:04
doubt about it, right? But everybody, I know, not
27:06
everybody, but I know a lot of people that have chickens in
27:08
their backyard now, they're probably laying 96 eggs.
27:11
And I thought is we're comparing the value of an ounce of silver
27:15
to 96 eggs. It doesn't make sense.
27:18
So how undervalued silver is? Because if you take those people
27:23
like my neighbors that have chicken coops now and you tell
27:26
them like I need 96 eggs, well, they could probably overtime
27:30
come up with 96 eggs. OK, stay with me on this one.
27:33
But if you told that same person, I want you to to to
27:37
generate for me an ounce of silver, they wouldn't have a
27:40
chance in the world of generating an ounce of silver.
27:44
What my point is that there's so much more work and expertise and
27:49
value that is stored in this then what you can get for it
27:55
right now on a relative basis, whether you're talking about
27:58
about this or this, you know, I went to I went and met the a
28:01
basement dweller this morning for coffee.
28:03
You know what this cost me right?
28:05
Get sipping Panera Bread. I wound up by the time I was
28:08
done paying $4.00. Do you think that, do you think
28:12
that this, would you trade this an ounce of silver for eight of
28:18
these eight cups of coffee? I don't think you would.
28:21
You know, I really don't think you wouldn't.
28:23
I don't think that it's a smart trade in my opinion.
28:26
So I got this question yesterday about the real value in bread.
28:31
You know, how much if silver goes to $100, what if bread cost
28:35
1520 dollars? Well, I don't think that'll be
28:38
the case. What I believe we're in for as
28:41
precious metals investors, just my opinion, I could be wrong.
28:45
I don't have a crystal ball is a period of time where the real
28:49
value of Oz of silver go up and go up substantially where
28:56
instead of getting, instead of getting 96, excuse me, 96 eggs
29:06
for an ounce of silver, maybe we're getting 960 and maybe at
29:11
some point if silver really breaks out, we're getting 9600
29:16
eggs for each ounce of silver. I don't know guys.
29:19
It'll be interesting to see how it all plays out.
29:21
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30:03
stacker or maybe likes to bury things in their backyard.
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description, excuse me of this video.
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And if you ever decide you want to buy 1, you can use this code
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Ron 10 to get 10% off. And what else do we let's go
30:23
take a look at the because this is going to have major impacts
30:28
the next week or in the in the coming weeks, I'm sorry on the
30:31
silver and gold price. And that is the CME Fed watch
30:35
tool. This is this will tell us just
30:39
how much once it loads up here. Come on, here we go.
30:44
This will tell us just what the odds are of a Fed rate cut at
30:48
the next meeting. And it's moving, still moving.
30:53
We can go up here to the top, to the ticker, 22 days.
30:56
So three weeks. We're going to get the next Fed
30:59
interest rate decision, monetary policy decision.
31:03
And looks like at this point, it's 56% chance that we're going
31:08
to get a rate cut, 44% chance that we will not get a rate cut
31:12
while we're out here on our field trip.
31:16
I'm sorry guys, I forgot to pull your screen up Welcome to live
31:21
streams. Make sure I got you on the right
31:22
screen, which I do There we go there's the CME Fedwatch tool
31:27
again, you can go up here. There's a countdown 22 days till
31:31
we get our next decision. Let's go out in the future.
31:34
So this is, did you see my arrow the meeting on the 18th of
31:37
December again, that'll be 3 weeks from tomorrow or Thursday,
31:44
56% chance of 1/4 point rate cut.
31:47
But what if we go all the way out to let's go to March?
31:51
This is interesting to see what what they're saying for March.
31:55
OK. So in March, they're saying that
31:58
there is a actually almost 17% chance that there will be no
32:03
changes in interest rates, 44% chance that we'll have rates 1/4
32:10
point lower than where we are now and a 33% chance that
32:14
they'll be 1/2 point lower. And this is interesting now, 6%
32:19
chance that we'll have rates down by 3/4 of a percent.
32:24
Let's go take a quick look at the dollar index.
32:28
OK, it's up again. Wow, unbelievable.
32:32
One O 7 man guys, I'm sorry for those of you who are regulars,
32:37
but we need to take a look at this unbelievable rally in the
32:41
DXY index from the end of September, really about the last
32:45
eight weeks. The dollar has gone from dollar
32:48
index from 100 all the way to north of one O 7.
32:54
We are in Nosebleed territory and what the heck, while we're
32:58
out here, let's take a look at the the price of gold in euros.
33:02
Black Friday sale. No, thank you.
33:06
And we're going to look at a let's look at a one year chart
33:11
of that. OK.
33:13
So as you can see we did pop up the new all time highs.
33:16
We pulled back a little bit in euros, still above 2500 gold in
33:22
euros, that's gold priced in euros.
33:24
Why is that important? Because what that shows us is
33:29
right that throughout the world in other countries, including
33:33
Europe and Great Britain, gold has broken out of just recently,
33:37
not after yesterday, but as of Friday had broken out the new
33:41
all time highs. Guys, it's only Tuesday.
33:44
It'll be interesting once we get through Thanksgiving and through
33:47
Friday to see where these markets at.
33:50
All right, thank you for being here.
33:51
Thanks for being part of the basement.
33:53
Thank you to Jake from Jake's custom parts.
33:55
Thank you to the one and only and Tony Oakley.
33:57
Thank you to big Tim, the Silvershire, the moderators.
34:00
Thank you for being here. Let's keep an eye on what's
34:03
going on, right? We're in for some interesting
34:05
times as we head into 2025. It is going to be crazy.
34:11
Look, and I think that's what Trump did yesterday.
34:14
Making this announcement about these tariffs is a small taste
34:17
of what's to come, right? He's he's willing.
34:21
That guy has, for lack of a better term, courage to kind of
34:26
do what he wants and shake the tree.
34:29
I mean, I think we are in for some very interesting times in
34:33
2025. Two, 1024 was nothing like we
34:37
expected from a on from a turmoil perspective.
34:41
I think we're going to be in for some very interesting
34:43
developments in 2025. I'll be here for you through it
34:46
all. You're the most important part
34:47
around Spaceman. Thanks again guys for being
34:50
here. Thanks for all you do.
34:52
OK. I hope you feel like you found a
34:53
little home away from home and I will look forward to seeing you
34:58
next.