Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER Investors ALERT! 🔥–TRUMP, Saudi Arabia & Gold Price News Update
Transcript
- 0:01Is the Trump administration preparing to send silver north
- 0:05of $85 per oz? Look, two years ago we talked
- 0:09about the unbelievable bright future for the precious metals.
- 0:13But today, can we look out to the next two years and feel the
- 0:16same way? We're going to look at some big,
- 0:18big developing stories right now in the world of precious metals.
- 0:23We're going to be honed in a little more on silver today, but
- 0:26this also applies to gold because we have things happening
- 0:30at a rapid pace that are going to dictate where we go in the
- 0:34coming years for the precious metals prices.
- 0:37And let's just say that we have big reason to be optimistic now.
- 0:41I'm super happy right now because you made the decision,
- 0:44yes, you to join me down here in the basement.
- 0:47Thank you for being here. Thank you for making that
- 0:49choice. You are important.
- 0:51I hope you feel like you have a friend like you have a little
- 0:54home away from home down here in the basement.
- 0:55It's free, yes, free to subscribe.
- 0:59So please hit that subscribe button.
- 1:01Leave a comment in the comment section below.
- 1:03Super chat, super thanks are always super appreciated.
- 1:06Never super expected. Let's move.
- 1:09Let's talk about something crazy right off the bat.
- 1:12Do you know that in 1980 the price of silver hit $50 per oz?
- 1:18Do you know that in today's dollars that would be $200 per
- 1:24oz? Do you know right that that
- 1:26means that silver right now as measured in 1980 dollars is
- 1:32coincidentally 80% lower than that all time high, again as
- 1:37measured in 1980 dollars. Guys, to think that we can't go
- 1:41through the roof. All right, we talked about this
- 1:43right here, $85 silver on the silver bear.
- 1:47That could be nothing. We could see 200, three, $100
- 1:51silver. I'm a big believer that I'll see
- 1:53it during my lifetime. What do you think?
- 1:56Leave a comment in the comment section below.
- 1:58But let's talk about some of these big stories going on right
- 2:01now. Is Trump getting ready to send
- 2:04will? Will the Trump administration,
- 2:05will the current power base in Washington be sending silver way
- 2:10north of $85 per oz? We got a big story this week.
- 2:15We're going to dig into it here a little bit and see what we
- 2:18think. But basically, the Department of
- 2:20Interior has included silver on the draft list of critical
- 2:25minerals to be published soon. I think it's being reviewed for
- 2:28the next 30 days or something like that.
- 2:31But look at all the hubbub that this created.
- 2:35Here we go this first. Are we up?
- 2:38Yep, we are. OK, hopefully you guys can see
- 2:40me or hear me. This was a post from Make Gold
- 2:43Grade Again that talked about the fact that silver is 81%
- 2:47below its all time high from 45 years ago 1980.
- 2:51That's using CPI data, but let's dig right in.
- 2:55Here's another one from Make Gold Grade Again.
- 2:58He's getting a lot of attention today here in the basement.
- 3:01Silver listed as a critical mineral for the first time ever
- 3:05on the draft 2025 Department of Interior list.
- 3:10And look at that. There's Donald Trump.
- 3:12Not a political show, but he's telling you, get in, loser.
- 3:15We're going to short squeeze the bullion banks.
- 3:18But as we dig into this a little more, here's a post from Bob
- 3:22Coleman brings up some important points.
- 3:25Department of Interior released their draft list for critical
- 3:28minerals. Guess who's on it?
- 3:30Platinum and silver. So platinum also made the list.
- 3:34However, what's interesting here is I believe another post from
- 3:40Make Go Great Again. Final silver finally is
- 3:44officially listed as a critical mineral.
- 3:47Can I now suggest where it fits in on their table?
- 3:49So here's their table. And here's the suggestion from
- 3:53make go great. Again, the importance to energy,
- 3:57right? Goes up from low to high.
- 3:59There's silver very high supply risk, low to high.
- 4:04So silver, it's being recommended, gets put on there,
- 4:07whatever you call that, their chart up there in the upper
- 4:10right hand corner. Again, guys, it's important to
- 4:13remember this is a draft list. I think it's 30 days, days.
- 4:17It has to be reviewed and people can give public comment.
- 4:20But finally, the government's waking up to the fact that
- 4:23there's been massive underinvestment into silver for
- 4:27years and years, decades and decades.
- 4:30That's what happens. There's a, there's a big, big
- 4:33important reason why we want to, we want to recognize that it's
- 4:37being put on this critical list because for decades, right, the
- 4:41price of silver's been suppressed.
- 4:43And what happens because the price of silver is suppressed?
- 4:46Hardly nobody invest in exploring, developing or
- 4:50building new silver mines. When's the last time you heard
- 4:53about a new silver mine being built?
- 4:56There's a stock that I own. I'm not a financial advisor, but
- 4:59it's called Silver Mountain Resources down in Peru.
- 5:02They're in the process of restarting a silver mine.
- 5:04But it's very, very rare to hear that we have a new silver mine
- 5:09being built. So when the price does
- 5:11skyrocket, OK, it's not like there's going to be a bunch of
- 5:14new mines coming on. It's not like they can just flip
- 5:18a switch and say, OK, we're going to turn on all the silver
- 5:21mines. And the other critical thing to
- 5:23remember is that most silver is mined as a byproduct, mostly
- 5:28from copper. And we know that the copper
- 5:31miners are also struggling to supply enough copper.
- 5:35And from what I understand, add icing on top of that, most of
- 5:40the newer copper deposits that are being discovered from a
- 5:43geological perspective, there may be deeper.
- 5:46I think it is they don't have as much silver that coexist with
- 5:50the copper. So it's not like suddenly the
- 5:53world can say, hey, guess what we need, we need more silver.
- 5:56Can you get more silver? Run down to Costco and get some
- 5:59silver like all the Costco moms and dads are doing, buying
- 6:03silver and gold. They're ahead of the curve.
- 6:05But no, you really can't just run to Costco.
- 6:09Well, you can, but you can't from a large scale perspective,
- 6:12if you know what I mean. OK, so is now our government is
- 6:16Trump. Is the Trump administration
- 6:18finally letting the cat out of the bag?
- 6:21We got a silver shortage, right? And silver shortage can lead the
- 6:25silver squeeze. You know the whole situation,
- 6:27you know the whole story. And why could that happen?
- 6:30Look at this, we got to do our daily update of the make believe
- 6:34paper funny land silver market. And this will come to us from
- 6:39our friend, the dude who gave us yesterday's data.
- 6:42Unbelievable. OK, this was yesterday.
- 6:46The silver market yesterday traded 544 million paper oz.
- 6:52OK, here's the data that's from Tuesday, August 26th.
- 6:56Guys, this number. Let me see if I can highlight
- 7:00that for you. This.
- 7:02This number. What color you want, Huh.
- 7:06You can choose. Go ahead.
- 7:07Tell me what color. Oh, you want orange?
- 7:09OK, we'll do it in. Orange happens to be my favorite
- 7:11color. Well, that's not working.
- 7:14Anyway, we'll try it again. Nothing like a live stream.
- 7:19I apologize for the technical delay.
- 7:22And we're going to go back here to Orange.
- 7:26There we go. That number that's like 2/3 of
- 7:29all the silver that is produced by the mines on an annual basis
- 7:34traded in one day paper silver, right?
- 7:39The amount of paper silver traded in 124 hour period is
- 7:45equal to more than half and probably close to 2/3 of all the
- 7:50silver that's being mined on a daily on an annual basis.
- 7:54What am I saying? I mean, it is truly, truly
- 7:57insane. Now one of those companies who's
- 7:59the head of the curve and in mining a lot of silver is First
- 8:02Majestic Silver, Keith Newmeyer's company.
- 8:05They mine a ton of silver down in Mexico.
- 8:08What's interesting is First Majestic Silver owns a mint
- 8:12right there, First Mint. First Mint sponsors Ron's
- 8:15basement gold and silver content.
- 8:17So if you want to get your hand on some silver, all right, some
- 8:21fresh silver that's mined in Mexico, shipped directly to the
- 8:25mint in Las Vegas, NV and then transformed into world class
- 8:29silver bullion products. You can go to the first mint
- 8:33website and check it out. Here's one of the coins you'll
- 8:35find there. This is just a coolest coin
- 8:38ever. This is their their Las Vegas
- 8:40round, but all the products that they have on their website are
- 8:43unique to 1st Mint. Let me show you here real
- 8:47quickly. We'll run out to their website,
- 8:49sitefirstmeant.com and here we go.
- 8:53There's the Las Vegas round. Hopefully you're seeing that on
- 8:56your screen. Let's go back to that.
- 8:58That's the one I just showed you.
- 8:59Unique to 1st meant. Here's the year of the snake.
- 9:03Unique to 1st meant, Beautiful coin around, you're the dragon.
- 9:08Unique to 1st meant. And of course, they have a
- 9:12dollar off on the year of the snake.
- 9:14And my favorite of all time, this Indian Head design on the
- 9:18reverse side of their one ounce Buffalo.
- 9:21They also have bars, some other products as well.
- 9:24Free shipping on orders over $199.
- 9:28It's a company you can trust, owned by First Majestic Silver.
- 9:31Great selection, great products. And guess what?
- 9:34There is a discount code. Don't tell anybody VIPRB.
- 9:39All right, what else about silver?
- 9:41OK, the silver miners are breaking out.
- 9:43Now look, the mining stocks, you know, I love physical metal.
- 9:47I also love the mining stocks. But when the there's a benefit
- 9:51to those of us that also own the physical metal, when the mining
- 9:54stocks break out, it's going to be a self feeding process.
- 9:58As more people get excited about the precious metal mining
- 10:01stocks, which they are, they will also get more excited about
- 10:05the physical metal and look at what is happening right now in
- 10:11let's get to the right screen. Wrong one.
- 10:14Here we go. Here we go guys.
- 10:19This is from Graddy. He said silver miners, ETFSIL is
- 10:23now breaking out. I've been saying this huge
- 10:26opportunity is coming, coming and now it's here and it's had
- 10:29this big move since he said that originally as expected with many
- 10:34silver miners moving up 100%. So when we look at his chart,
- 10:38it's interesting because he had a blue line, right, which was
- 10:42this downward trending kind of resistance line that we broke
- 10:47through earlier in the year. But now we're also breaking
- 10:52through what a lot of people are pointing out, which is what
- 10:55they're calling this W pattern. And we'll draw on here.
- 11:02This is the AT doesn't show up. Hold on, guys, we'll do green
- 11:07sorry for the delay. And let's see if green shows up
- 11:10a little better. There we go.
- 11:12See this W pattern resistance, resistance.
- 11:17Oh, no more resistance. But boom, so far we've broken
- 11:21through. It's going to take a few more
- 11:23days to really significantly have proved that it's a big
- 11:26breakthrough. But these are the silver miners
- 11:29who have been absolutely neglected over the last number
- 11:33of years. They've got, in my opinion, a
- 11:36long, long way to run the gold miners, especially the
- 11:38development stage companies. I believe so as well.
- 11:41One of those that you can check out his first mining gold.
- 11:45I've owned that stock for years and years before they sponsored
- 11:48my channel. OK, they're a development stage
- 11:51company. Two big multi million ounce
- 11:53development stage projects in Canada, spring polling in
- 11:57Ontario and Duparque located in Quebec.
- 11:59And they got another little bonus project, the Cameron
- 12:02Project, also located in Ontario, gold in the ground,
- 12:06working through what can be an exciting period, which is the
- 12:10development phase in the big gold mining companies are going
- 12:14to need to replenish their pipelines.
- 12:16You can learn more about first mining gold at
- 12:18firstmininggold.com. Again, I'm not a financial
- 12:21planner. Whether you're going to buy
- 12:23physical metal, whether you're going to buy stocks, always do
- 12:26your own research and talk to a financial advisor if you're
- 12:29confused or don't know what to do.
- 12:32What about, Oh my gosh, probably the biggest story I didn't even
- 12:35tell you about this guys, but probably one of the biggest
- 12:38stories going on right now. And thank you all for being
- 12:42here. About 300 people at the drop of
- 12:44a hat. Basement dwellers, we are in the
- 12:46most wonderful time for gold and silver.
- 12:48I'm going to tell you why at the end of this video.
- 12:53But before we do that, let's talk about this massive news
- 12:56that came out about another central bank buying gold, No,
- 13:02buying silver. It's unbelievable.
- 13:05Saudi Arabia, and this is all over the place.
- 13:08We got a couple stories we're going to look at in regard to
- 13:11this. First place I saw it was here at
- 13:14the Silver Academy and they sure shared this headline.
- 13:19Silver shockwave from poor man's gold to a global power play and
- 13:25in yellow I can get the screen up here.
- 13:28Saudi Arabia, the SLV whale makes a splash.
- 13:32And no, it's not a mirage. Just when precious metals
- 13:36watchers thought the game was gold, only Saudi Arabia crashed
- 13:40the party in classic cloak and dagger fashion.
- 13:43On August 14th, the Saudi National Bank was revealed as
- 13:47the mystery whale hoovering up, vacuuming up the SLVETF shares.
- 13:53Now that's the BlackRock SLVETF, which purportedly is required to
- 13:58actually be backed by physical silver.
- 14:00They grabbed over 33 million oz and sending vault shell shelves
- 14:05trembling. Yeah, those poor shelves at the
- 14:08LBMALBMA warehouse in the Comex warehouses.
- 14:11Bolts are trembling right now. Grandma's candlesticks are
- 14:15officially out. Sovereign Silver is in.
- 14:20OK, so let's go check out some other commentary on this.
- 14:24This one came from, let's go back here, the S Rocco report,
- 14:29Sr. Rocco report, SRS Rocco report,
- 14:33who I believe was maybe one of the first to to catch this and
- 14:37and and announce this says what central bank just became a
- 14:40significant, significant buyer of a silver ETF, a new trend
- 14:44change. That's right.
- 14:46The Saudi Central Bank just took a large stake in the SLVETF and
- 14:51you can see it on this chart in red.
- 14:54It clearly states that the Saudi Central Bank is a buyer right of
- 15:00the SLVETF. So we'll get one more.
- 15:03This one came from Yash Dugar brought up an interesting point
- 15:07here. Saudi Central bank buy silver.
- 15:10For half a century, central banks only held gold.
- 15:15Russia broke that trend last year with silver purchases.
- 15:18We're going to go into that a little bit here as well.
- 15:21So we have Saudi Arabia and Russia central banks buying
- 15:25silver. Here it is.
- 15:26Silver's being re monetized. The Saudi central bank added
- 15:30silver to the reserves. First time ever.
- 15:32Imagine other central banks it footsteps now.
- 15:36I've read all I've really dug into this story.
- 15:39There are some people who are saying that possibly the Saudi
- 15:43National Bank, Central Bank, it's a little vague, may have
- 15:47been buying this for wealthy investors.
- 15:50Nonetheless, when you have the Saudi central bank listed on an
- 15:53official report from the SLVETF, that's a good thing.
- 15:57Guys, that hasn't happened in a long, long time.
- 16:00But it's not just Saudi Arabia. Let's go see what Kitco is
- 16:03saying or said a little bit ago and this one slipped under our
- 16:07radar. But very important Ernest
- 16:09Hoffman and Kitco put puts out there that Russia's central bank
- 16:14may be boosting silver prices through undeclared purchases.
- 16:20A silver may be benefit benefiting from undeclared but
- 16:24substantial buying by Russia's central bank, according to
- 16:28journalist Tim Tregel. A silver is moving out of a long
- 16:32shadow cast by gold. It's precious metal sister Treat
- 16:35Gold wrote in a Forbes article on Tuesday evening with hints of
- 16:39a major new buyer, Russia's central bank starting to
- 16:44influence the silver price which has risen to a 14 year high.
- 16:49Silver has been slower off the mark as compared compared to
- 16:52gold lacking buyers. With the firepower of central
- 16:56banks, Oregon well funded exchange traded funds we know
- 16:59that's changing and rich private buyers we know now that's
- 17:02changing. This was written a few weeks
- 17:04back, but if the Russian central bank is quietly building a
- 17:08silver stockpile, as seems to be the case, then it is possible to
- 17:13see other banks aligned to Russia following its lead.
- 17:17Could that be what we saw with the Saudi, A central bank?
- 17:21Tregel suggests that Russia's BRICS partners, including China,
- 17:24India and Brazil, you can now add Saudi Arabia.
- 17:28They also be on board with their strategy of precious metal
- 17:31accumulation in order to move away from the from the use of
- 17:36the US dollar in international trade.
- 17:39What do you think, guys? Is it crazy?
- 17:44What is going on in the world of precious metals?
- 17:47Is it even crazier right now? What is happening in the world
- 17:51of silver? We already talked about it's
- 17:54just supply and demand. The supply of silver is at best
- 17:59remaining stagnant and in some ways shrinking in demand
- 18:02continues to go through the roof.
- 18:04If we get central banks coming in and buying silver, that's
- 18:09game over, right? And we know.
- 18:11So we looked at the paper silver data, right over 500 million
- 18:14ounces of paper make believe silver, right fantasy silver,
- 18:19fantasy island silver. This silver right over 500
- 18:23million oz traded in one day. The future for silver looks
- 18:27incredibly bright. And don't forget this, silver
- 18:32was used as money before gold was.
- 18:36Silver, the word for silver in many, many foreign languages is
- 18:41the exact same word that they use for money.
- 18:45So buckle up silver stackers, we love gold as well.
- 18:48We know gold has a real bright future.
- 18:50But things are getting very interesting.
- 18:53In the decades that I have followed the silver market ultra
- 18:57closely, I've dedicated a big, big chunk of my life to it.
- 19:01I've never seen a setup like we are in right now and not to
- 19:05mention the fact that we have a fiscal and monetary situation in
- 19:10this country that is so conducive to higher and higher
- 19:15and higher metals prices. I believe we are primed for a
- 19:20major, major take off. Don't forget what happened on
- 19:24Friday. Let's talk about that briefly
- 19:27because this is probably the biggest story of the year.
- 19:32We'll go here and then we'll come back.
- 19:33I got to tell you something about China with silver as well.
- 19:36Man, we got a lot to cover, but the Kobe C letter guys, don't
- 19:40forget this. Don't let this fade away that on
- 19:42Friday the the Federal Reserve and Jerome Powell caved.
- 19:46He's getting ready to leave. He threw in the towel, right?
- 19:49Basically in one month the Fed will cut rates and blame a weep
- 19:54A weaker labor market. Meanwhile, we now have PPI
- 19:58inflation at a three-year high and CPI above the 2% for the
- 20:0353rd straight month. Don't own assets question mark.
- 20:07That would include silver and gold.
- 20:09You will be left behind and here is why.
- 20:12Because the Fed is up a Creek without the proverbial paddle.
- 20:18Okay, Jerome Powell, you guys want to say hi to Jerome.
- 20:21Do you think I'll open it right. The do not open box.
- 20:24Those of you who've been around for a long time, I've seen this
- 20:26hundreds of times. We've had it down here for years
- 20:29and years and we predicted what exactly is happening right now.
- 20:34He's in a box. His only option is to print more
- 20:37toilet paper money. But the important thing to
- 20:40remember is the box is a recession on one side, which
- 20:44would mean they would need to lower interest rates, which
- 20:47they're going to do. But that will make inflation
- 20:50skyrocket in conjunction with the lag effect coming through
- 20:55from the Trump tariffs. And when the inflation
- 20:58skyrockets, well, then they got to raise rates.
- 21:00OK, well, that makes the recession worse, which means I
- 21:03got a lower rates. You understand, they're in a,
- 21:06he's in a box. He has nowhere to go.
- 21:09It's called stagflation. So when we talked about all
- 21:12those factors, we are in the most conducive environment ever
- 21:16for higher metals prices. The reason why all those factors
- 21:20we talked about earlier about silver and gold in particular.
- 21:24But on top of that, you've got the box that represents the
- 21:28fiscal and monetary conundrum that the United States.
- 21:32Unfortunately, we don't like it. I wish we'd stayed on the gold
- 21:36standard back in 1971, but we didn't, right?
- 21:39We've got the power booster for the metals prices, which is the
- 21:44box also known as stagflation. OK, I forgot to show you
- 21:48something else about silver. Another huge, huge demand
- 21:52component for silver are the solid-state batteries, which
- 21:56many predict are going to take over the electric vehicle
- 22:00sector. And we got, I didn't realize
- 22:01this, but there's a Chinese company called BYD and they are,
- 22:07let's share this. Hold on here.
- 22:10There we go. BYD is now the world's largest
- 22:14auto manufacturer and they're moving forward with silver
- 22:18solid-state batteries. This comes from the silver
- 22:21Academy Chinas. BYD accelerates global dominance
- 22:24as it pioneers silver based solid-state batteries, aiming to
- 22:28revolutionize EV performance, safety and energy density while
- 22:32challenging Western rivals. We've heard reports that each
- 22:36one of these solid-state batteries for an EV wouldn't use
- 22:40one ounce, no, could use as much as one kilogram of silver each.
- 22:45But they're the world's largest automaker.
- 22:47And look, these batteries have big, big benefits, right?
- 22:50They charge in half the time, they give twice the driving
- 22:53distance, double the lifespan and just 40% the weight.
- 22:58And I think also they're not as prone to to catching on fire,
- 23:02which is quite a problem with EVs as well.
- 23:05So how's everybody doing today out there, huh?
- 23:08Again, it's a big deal. When you come down here and join
- 23:11me in the basement, are you as excited as I am about what we're
- 23:15going to see in the next year, five years, 10 years when it
- 23:19comes to the gold price, but in particular the silver price.
- 23:23Can you imagine? I mean, how, how long have you
- 23:26made some of you are new and welcome to all the new people.
- 23:29Lot of us call ourselves basement dollars here.
- 23:31We hang out in the basement and talk about silver and gold, OK?
- 23:36Other things can do well in this environment as well, including
- 23:38crypto currencies, real assets like oil, land, anything real.
- 23:43But if you ever felt a setup like we have right now, is the
- 23:48world is transforming right before our very eyes, right,
- 23:53that anything is positioned as well as precious metals to
- 23:57protect us, but also to do well as we move out there into the
- 24:01future. The Trump administration, right?
- 24:04The Department of Interior listing silver, right?
- 24:07It's a draft right now, but I believe it's 30 days from now.
- 24:11We'll get the final list as a critical mineral.
- 24:14It's never happened before as far as I know.
- 24:17We know how critical it is, big world central banks moving into
- 24:23silver, in particular the Russians, the Saudis.
- 24:27Guys, this is never, ever. I mean, five years ago when we
- 24:31sat down here and talked about silver, two years ago when you
- 24:35were joining me here in the basement to talk about silver,
- 24:37we talked about a bright future, but we had no idea how bright it
- 24:42was going to become. Hey, you brightened up my day
- 24:45joining me down here in the basement again, thank you.
- 24:48It's free. To subscribe, please press the
- 24:50subscribe button. I can speak most important,
- 24:54right? Take care of yourself, be nice
- 24:55to yourself, be good and I'll see you next time.
- 25:00Take care. Bye bye.