Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ALERT! ⚠️ SILVER Just Made a GAME-CHANGING Move! (LBMA, COMEX & Gold News)
Transcript
- 0:01Silver and gold investors, are you willing to accept that we
- 0:04could be moving into what is the most lucrative, enjoyable period
- 0:09of time that many of us have been waiting for for 10 years?
- 0:12In this video, I'm going to give you a multitude of reasons why
- 0:16we can be super optimistic about where the gold and silver price
- 0:20are heading. We're going to talk about gold,
- 0:22we're going to talk about silver, but really we're talking
- 0:25about precious metals. And let's start with one chart
- 0:28that explains to us why we have decided to protect some of our
- 0:33wealth with precious metals. And then we got a lot more to
- 0:36talk about as well. But let's head out here and look
- 0:38at this awesome chart that came to us from the Kobesi Group.
- 0:43Kobesi letter. I apologize.
- 0:46OK, This sums it up for us very nicely.
- 0:50The longest bear market, the US dollar's purchasing power.
- 0:54Over the last 100 years, the dollar has lost about 95% of its
- 0:59purchasing power. Since 2000, the US dollar has
- 1:03lost over 40%. So just in the last 25 years of
- 1:08its purchasing power. Look at that chart.
- 1:10OK, I know we get complicated. We talk about all kinds of crazy
- 1:14things when it comes to precious metals, but doesn't this chart
- 1:17really sum it up all together? Now we're going to dig into some
- 1:21more, dig into the weeds, dig into some more interesting
- 1:25things in particular that are going on right now in the
- 1:28precious metals market. But before we do that, I want to
- 1:31say thank you for joining me. You're choosing to give your
- 1:33time to come down here in the basement.
- 1:35I hope you feel the friendship. I hope you feel the camaraderie.
- 1:39We have a great community of basement dwellers, people who
- 1:42love silver and gold. You're always welcome here.
- 1:45I hope you feel like you found a home away from home.
- 1:47Enough of that. All I'm going to ask you to do
- 1:49is subscribe to the channel, press that button.
- 1:52It is free. And we want to see you back down
- 1:54here in the basement. We've been fighting.
- 1:56We've been through some really rough time.
- 1:58I mean, I remember being down here when silver was 14 bucks an
- 2:02ounce. I remember being down here when
- 2:04gold was $1300 per oz. A lot of you have stuck
- 2:08together, stuck in this community through all of that.
- 2:12And I'm telling you, I'm going to show you some some some
- 2:14articles and data now that indicate to us and no uncertain
- 2:18terms that we are heading into some really, really good time.
- 2:22So let's get started. Next thing we'll go to look at
- 2:25this chart of gold. This is never really happened
- 2:28before is what I am hearing. And this comes from David Lee
- 2:34who shares with us what is really a stunning.
- 2:37Those are weekly candles as gold has been hovering around
- 2:41$3333.33 for five months now ±100 dollar moves are just
- 2:49becoming noise. Wait for the consolidation to
- 2:52complete and we will see another leg up.
- 2:55I mean look at this. I got to get the crayons out and
- 2:58we will use, you're in my let's use yellow today or whatever
- 3:02color that might be kind of green, yellow.
- 3:05But look, look at these. I mean, look at this range that
- 3:09doesn't show up well, but you get the point going all the way
- 3:12back to April, that is, I've never seen that before.
- 3:16And what that tells us is that gold is consolidating, right?
- 3:20And when we talk about gold, we're talking about silver.
- 3:22It's like twin siblings. OK, guys, this is this
- 3:27represents the weak hands getting out in the strong hands
- 3:31coming in to the precious metals markets with what we have.
- 3:35Here's a little secret and This is why this is important.
- 3:37What happened on Friday with what happened on Friday with
- 3:41Jerome Powell at the oh shoot, what's that called?
- 3:44Darn it, I can't believe I'm forgetting the name of that
- 3:46place. Jerome Powell.
- 3:48Well, the big pow wow out in Jackson Hole, Wyoming.
- 3:51Sorry, it's a live stream. I'll forget things from time to
- 3:54time. He basically threw in the towel.
- 3:57He basically said we have stagflation.
- 3:59He basically said the economy is not looking good and inflation
- 4:03is going up. With that news now here, I'll
- 4:06let you into my strategy. I'm going to be keeping a real
- 4:10close eye on the silver and gold price here in the next coming 4
- 4:14weeks. The next Fed meeting is in
- 4:16mid-september. I think we're going to have a
- 4:18massive rally. That gold chart that we just saw
- 4:21with that long consolidation period, you know what's been
- 4:24going on in silver. I think what happened Friday was
- 4:27very similar to 2010. When was it Ben Bernanke came
- 4:32out and announced QE 2 and created a whole new paradigm
- 4:36shift within the precious metals markets.
- 4:39That's the equivalent of what happened on Friday.
- 4:42I think we're going to have a massive rally in the coming
- 4:45three to four weeks, quite honestly.
- 4:48And I've I've never sold an ounce of of my physical metals,
- 4:52OK, never period. But I may look at trimming out
- 4:55and taking some profits from gold and silver mining stocks if
- 4:59my prediction comes true, because I think what happened on
- 5:02Friday change the paradigm, change the landscape.
- 5:05How do you feel about it? Right.
- 5:07Sometimes these things happen in, sometimes it takes there's a
- 5:10little bit of lag for the overall market to wake up.
- 5:14We know that the mining companies are creating
- 5:16unbelievable profits right now. We know that that's going to
- 5:20bring more attention not just to the precious metal mining
- 5:23stocks, but also to the metals themselves.
- 5:26We are in. You deserve it.
- 5:28We deserve it. We've been through battle
- 5:31together for for what, the last five years since we've been
- 5:34doing the Ron's basement, the channel.
- 5:37We deserve it, guys, be ready, be prepared.
- 5:40And I'm going to warn you sometimes when things do go and
- 5:43hopefully I'm right. And remember, I'm not a
- 5:45financial advisor and I certainly don't have a crystal
- 5:48ball or balls. But if my predictions are
- 5:52correct, it can create a little stress, like trying to figure
- 5:56out when to sell. I know we, like you, hope for
- 5:59these moments when things go really, really well.
- 6:02But then trying to decide, should I take some profits?
- 6:05You know, it can be stressful. One thing I always like to do
- 6:08and in a kind of a, a mantra that I stick by if I have a big
- 6:12winner is maybe sell part and hope that you're wrong.
- 6:16Hope that the remaining part of the investment that you keep
- 6:20continues to do well. And there's not, I've never
- 6:23anything wrong with booking a profit, but there's nobody who
- 6:26has a crystal ball that includes anybody out there, anybody who
- 6:30claims they do run, run, run from those people because nobody
- 6:34knows exactly what will happen. But just be prepared for the
- 6:40prospect of some really great things happening for silver and
- 6:43gold. Sorry, I got off on a on a
- 6:46tangent. All right, let's go look at this
- 6:47money's flowing into the ETS. Let's go out to our friend Chris
- 6:51Marcus from Arcadia Economics. He has a sub stack Arcadia
- 6:56Economics gold and silver daily. We're gonna look we're gonna
- 7:01look at the gold here first. Let's make sure we're on the
- 7:04right screen. Hopefully you guys can see me
- 7:07and hear me. We're doing this live.
- 7:08Sometimes we have some minor technical difficulties, but this
- 7:12is a transparent gold holdings. This is gold held in the ETF and
- 7:16the blue line in the chart below represents how much gold is
- 7:20being held in gold ETF. As you can see how it's been
- 7:23steadily trending higher since last summer with an acceleration
- 7:28earlier this year beginning in late February.
- 7:30So that's it's the blue line on this chart.
- 7:33The yellow line is the actual gold price.
- 7:37As you see, as the gold price has gone up.
- 7:39Now we're in the situation where people are waking up.
- 7:42And why is this important? Chris brings up some great
- 7:45points. Well, we'll see it.
- 7:46Same thing with silver, then we'll get to why it's important.
- 7:49Same thing with the silver ETFs, even though this year's
- 7:51acceleration began a little later than we saw in gold.
- 7:56And again, on this chart, the blue line represents the silver
- 8:01price and that Gray line in the background, I'm sorry, the the
- 8:05blue line represents the silver held in ETS.
- 8:08The Gray line would represent the silver price going up, up,
- 8:13up. But why is this important?
- 8:15I think this is critical should one way of putting this in
- 8:18context is thinking of the ETFs as a rough barometer for
- 8:23institutional investment demand, right?
- 8:27Institutions, big money coming back into not just gold, but
- 8:32silver. And we learned yesterday, right,
- 8:35we know Russia is buying silver as a strategic national reserve.
- 8:39And now we're hearing, I'm hearing speculation and some
- 8:43people are claiming it's fact that Saudi Arabia is buying
- 8:46silver, OK. And the inflows we've seen are
- 8:49consistent with the broader picture and also match with the
- 8:53mining stock investors can attest to, like we touched on
- 8:56earlier, and that after a long bear market, that's a nice way
- 9:00to describe it. If you own silver and gold, and
- 9:05especially if you own the mining stocks over the last 10 years
- 9:08like I have, it felt more like a ghost town.
- 9:12But guess what, guys? People are showing up in the
- 9:15ghost town. They've they've, they've
- 9:16discovered, they've struck gold. The trains are showing up and
- 9:20the lights are coming on, baby. Capital flows have even returned
- 9:24to that sector as well. So everywhere we look, we're
- 9:27getting good, good news when it comes to demand for silver and
- 9:32gold, interest in silver and gold.
- 9:34And then we get this right from the where did it go?
- 9:38Here it is wrong one make sure I got the right screen up for you
- 9:42guys here. UBS, the big Swiss bank again
- 9:46raises their 2026 gold price forecast.
- 9:50UBS is is like this massive Swiss banking financial services
- 9:56conglomerate. The Swiss are renowned for
- 9:59their, their, their, their, oh, let's just say insights into
- 10:03what's going to happen within the different markets.
- 10:06And UBS continues to point towards higher gold price, which
- 10:12in turn will will mean a higher silver prices as well.
- 10:16Let's go back and look at some of the data that we're getting
- 10:19from the big electronic exchanges.
- 10:22This one came from the Silver Academy.
- 10:25And this talks about when the vaults of this is crazy, when
- 10:28the vaults run dry. Guys, remember every day that
- 10:33goes by, every single day, take a second, take a deep breath.
- 10:38I want you to. This is very simple, but very
- 10:40powerful. Every day that goes by, there is
- 10:44less silver available on the face of the earth.
- 10:49OK, because we are running a silver deficit, we are consuming
- 10:53every single day more silver than we are producing.
- 10:57So that means, and to me, I've you've heard it said so many
- 11:01times, but doesn't that really hit home?
- 11:04Let me look at you in the eyes. Don't forget to subscribe.
- 11:09I'm going to look at you in the eyes Every day that goes by,
- 11:13That included yesterday. That includes today, right now
- 11:16as you're joining me down here in the basement.
- 11:18How did you get in my basement? But each day that goes by, there
- 11:22is less of this on the face of the earth.
- 11:26There's a beautiful silver round from channel sponsor First Mint.
- 11:30Hey, while we're on that subject, I do want to say thank
- 11:33you to 1st Mint. There's our logo right there for
- 11:36sponsoring my gold and silver content.
- 11:38Yes. First Mint is owned by First
- 11:41Majestic Silver, Keith Neumeyer's juggernaut massive
- 11:44silver mining company. First Majestic mines the silver
- 11:48in Mexico, sends it to the mint in Nevada where it's transformed
- 11:53into world class silver bullion products and then they go
- 11:57straight to you. Did you notice anything in that
- 12:00chain? There's no COMEX, there's no
- 12:02LBMA. So not only are you getting the
- 12:05freshest silver in town right straight out of the ground, but
- 12:09you're also getting silver that those fine people at the COMEX
- 12:14in the LBMA have never been able to get their little paws on.
- 12:17And like I just said, every single day that goes by, there's
- 12:22less of this above ground silver in the world.
- 12:25Now, if you think there's a good prospect, I'm not a financial
- 12:28advisor. For the price of silver going
- 12:30forward, go check out First Mint.
- 12:32They have all these different products.
- 12:33They are all 100% unique. OK, Truly, truly beautiful
- 12:39pieces of silver artwork coming out out of First Mint.
- 12:42Great selection, great service, a company you can trust, owned
- 12:45by First Majestic Silver. Free shipping over $199.
- 12:49And guess what? There's a secret discount code
- 12:53VIPRB. Thank you First Men for
- 12:56sponsoring Ron's basement. And let's look at even more
- 12:58reason why we can get excited about what is happening right
- 13:02now in the world of silver. When the vaults run dry, Silver
- 13:06shortage empire debt in the elites who betrayed America.
- 13:11Only physical and minors survive Silver vanishing.
- 13:16The system's burning and trust leaders are not doing too well.
- 13:201% in the day LBMA vaults. This is interesting.
- 13:25OK, the silver time bomb. When metals collapse, empires
- 13:27follow. This is getting a lot of
- 13:29attention, so I wanted to bring this up yesterday.
- 13:32This was one day last week. Most of Wall Street missed it,
- 13:35but the silver market sent up a flair.
- 13:38SLV, the world's most popular silver ET EDF, issued 10.1
- 13:44million new shares in a single session.
- 13:47That one move alone require nearly 9.2 million ounces of
- 13:53physical silver, 285 metric tons to be pulled straight from
- 13:58global supply vaults. One day, nearly 300 tons gone.
- 14:03So ask yourself, how many more days like this before all the
- 14:07metal runs out? The illusion of endless supply.
- 14:10According to the LBMA, the London Million Market
- 14:13Association, those fine, honest, upright silver traders over in
- 14:18London, England, the headline number looks comforting.
- 14:21They say they have 24,000 tons of silver in their votes,
- 14:24roughly almost 800 million oz. Sounds like plenty, doesn't it?
- 14:29But divided by Monday's drawdown in the math turns lethal.
- 14:34At that rate, the entire LBMA system would be drained in just
- 14:3885 trading days. Less than three months.
- 14:44And here's The Dirty truth. The establishment hopes you
- 14:47never ask. Most of that metal isn't
- 14:50actually available because most of London's stash is already
- 14:55locked down inside of ETS, tied up in industrial contracts or
- 15:01sitting in long term hordes that won't return to the market.
- 15:05Once you strip that away, the countdown shrinks dramatically.
- 15:10So guys, that's what we have going on right now in the
- 15:14actual, that's the actual physical backing.
- 15:17All those Oz that are traded electronically.
- 15:21I think on Friday of last week, I had it pulled up during the
- 15:24just yesterday's live stream. They traded like what was it,
- 15:29500 million paper ounces of silver, 500 million in one day?
- 15:34Again, I want to reiterate to you, that is more than half of
- 15:38all the silver mining output for the year, right?
- 15:41More than half traded paper worthless in one day.
- 15:47And don't forget those miners, they're producing less and less
- 15:50and less silver every year because and, and they, they shot
- 15:53themselves in the foot at the COMEX in the LBMA.
- 15:56They surprised the press, the price, the price, the press
- 15:59price. That's the time they surprised.
- 16:03They suppressed the price, oh boy, for so long that nobody was
- 16:09incentivized to build new silver mines.
- 16:12Very few. Only the real smart people were
- 16:14out building silver mines. People like Keith Neumeyer from
- 16:17First Majestic Silver. Only the real smart people were
- 16:20out exploring for silver. Right?
- 16:23Silver 47, Galen McNamara. Who else can I think of?
- 16:27Dolly Varden Silver, Sean Kuhn. Kuhn.
- 16:30And there's other ones, right? They could see around the
- 16:32corner, right? But the reality is right, not
- 16:35many people, only the real smart people were buying silver mining
- 16:39stocks. Only the real smart leaders were
- 16:42out there actually looking for it.
- 16:44We're in for it. I'm sorry, I get off on
- 16:46tangents. I apologize.
- 16:47I can't pronounce pronounce anything today, apparently.
- 16:50But we're going to keep going because we got more to talk
- 16:53about. Let's see here.
- 16:56Let's see. OK, Kit go.
- 16:57All right, here we'll go. We'll go see our friend Neil's
- 16:59out of Kit Go. What do you say we love Neil's?
- 17:01Don't forget, subscribe to the channel if you want to hear me
- 17:05mess up. That's UBS.
- 17:07And here we go. Kit go.
- 17:10Let's make sure we got you on the right screen.
- 17:12Which we do, my fellow basement dwellers.
- 17:15Here's a big article out of Kit Go Only, Matt.
- 17:17Only a matter of time before gold breaks its currency change.
- 17:22Mining stocks remain attractive. Attractive.
- 17:25All right, Let's read this two paragraphs of a green and a red
- 17:29section in our latest Gold report.
- 17:32Rokhaya Abraham, chief strategist at BCA Research, said
- 17:37she is retaining her long term bias and recommends that
- 17:41investors also consider adding mining stocks to their
- 17:44portfolios. Abraham explained that gold
- 17:47price gains are supported by more than just cyclical
- 17:51momentum. Long term firm structural
- 17:53factors including growing investment demand and robust
- 17:58central bank purchases continue to support higher prices.
- 18:03Despite this is where it gets into.
- 18:04Despite heightened volatility, the precious metal has managed
- 18:08to hold critical support around $3300.00 an ounce.
- 18:12Remember what we looked at earlier right time?
- 18:14It's been like 5 months of gold in this narrow, narrow range,
- 18:19even in the face of significant headwinds such as record high
- 18:24equity markets and elevated bond yields.
- 18:28OK, So our gold and silver, for that matter, are out there
- 18:31running against the wind, paddling against the current,
- 18:34but making massive progress. Think about when they get to
- 18:39paddle with the current, which I think is going to happen here in
- 18:42the next three to four weeks, but we shall see.
- 18:44Quote, this is what you want to hear.
- 18:47The fact that the yellow metals rally has defied headwinds from
- 18:51key cyclical drivers suggested the bull market is structural,
- 18:56not cyclical. OK.
- 18:58She said gold's remarkable resilience since mid-april also
- 19:03corroborates this view. Now look, guys, I'm not given
- 19:06financial advice, but if you listen to me two or three years
- 19:10ago when silver was $14.00 per oz, you would have done pretty
- 19:13well. Or when we had that bear
- 19:15blindfolded with $2500 right when gold was 1816, fourteen,
- 19:20$100 per oz. But I think the gold mining
- 19:23stocks are also and silver mining stocks also offering a
- 19:27great opportunity possibly for capital appreciation.
- 19:31Everything is, is very risky. But as we get more and more
- 19:35eyeballs coming into the precious metal sector, into the
- 19:38mining sector, we could be set up for some real good times.
- 19:41One company love that I've owned before they sponsored my channel
- 19:46is them right there. Then there first mining gold
- 19:50again, not a financial advisor, but I'm excited about the
- 19:53prospects for this company as they move forward their
- 19:56development stage company. 2 massive multi million ounce
- 19:59projects in Canada. Okay, not some far-flung place,
- 20:04one of the most favorable jurisdictions and becoming more
- 20:07and more favorable by the day. Canada.
- 20:10Canada. All right, they have the Spring
- 20:12Bowl project located in Ontario and the Du Parquet project
- 20:17located in Quebec. And they've got a third project,
- 20:20the Cameron project, also located in Ontario.
- 20:23These are projects where there's been 10s of hundreds of millions
- 20:27of dollars spent drilling and defining gold in the ground.
- 20:32All right there in the development stage, they're
- 20:33getting the permits, all that great stuff, but it's a catalyst
- 20:37rich environment. And when these big, big
- 20:40producing mining companies need to refill their pipeline because
- 20:44they've not been investing in in exploration or development, I
- 20:50believe companies like First Mining Gold could become very,
- 20:53very attractive. Again, do your own due diligence
- 20:56and you can learn more about them at firstmininggold.com.
- 21:01So let's go out here and let's take a look at it more.
- 21:04More gold data quickly. It's incredible everything going
- 21:09on right now in precious metals. Again, this comes from Arcadia
- 21:13Economics from about a week ago, but very, very good information.
- 21:17Total gold demand rose by 3% in the second quarter.
- 21:21Let's listen to what the World Gold Council had to say.
- 21:24Let's go down here. I got some highlights for you.
- 21:27The World Gold Council said the QT global dip gold demand trends
- 21:31report revealed that the total quarterly gold demand including
- 21:35OTC reached 1.249 tons, a 3% increase year on year amid a
- 21:41high price environment. So despite the fact that the
- 21:45price of gold oh, am I sharing the right screen?
- 21:48I am it's gone up. We have increased demand.
- 21:52The World Gold Council, this is what gets interesting, also
- 21:54notes how there was a significant increase in barring
- 21:57coin investment. Total bar and coin investment
- 22:00also increased 11% year on year. Chinese investors led the way
- 22:06with a notable 44% year on year increase in demand.
- 22:11While Indian investors continue to add to their holdings
- 22:15totaling 46 tons in Q2, divergent trends emerged in
- 22:21Western markets as European net investment more than doubled to
- 22:2628 tons, while US bar and coin demand halved, OK, which I
- 22:32believe means went down 50% to 9 tons in the second quarter.
- 22:36So two big key takeaways here. Number one, the Eastern
- 22:40countries where we know that's the future of precious metals.
- 22:44India and China are going gangbusters when it comes to
- 22:47buying gold. Europe apparently kicked up as
- 22:50well. The only place isn't this
- 22:52ironic? The only place that had a
- 22:54significant decrease in demand for gold was the United States
- 23:00of America, the place that needs it the most.
- 23:02I'm telling you, your neighbors are asleep.
- 23:05You know what they are? They're a bunch of sheeple.
- 23:11That's OK because the rest of the world is waking up.
- 23:14And guess what? The world is a market, not just
- 23:18the United States. And it's just so ironic when you
- 23:21think about it, the country that has the craziest debt situation,
- 23:25you would think that people in the United States.
- 23:27But here's the good news. There's a reason why we we, we
- 23:30can look at that as good news because when the Western United
- 23:34States investor does wake up, it could be the flood.
- 23:39It could open the floodgates not just for gold, but for silver as
- 23:43well. It could be absolutely crazy.
- 23:45Look, you probably remember, I remember going to the I've been
- 23:49buying silver and and mostly silver.
- 23:52Like I said, I own gold mining stocks for years.
- 23:55No, I don't keep it at the house.
- 23:56People ask that all the time, but none the less it's important
- 24:01to remember that there have been many times when I've gone to the
- 24:04coin shop. That's an exaggeration.
- 24:07Probably 3 periods I remember where you couldn't get silver.
- 24:12Go to the coin shop. I go to my LCS and all their big
- 24:16pretty glass cases were empty and they'd say, yeah, you can
- 24:21order it, it's going to take 4 weeks or no, it's going to take
- 24:24six weeks. At one point I remember it was
- 24:26going to take 8 weeks. It doesn't the the the retail
- 24:29availability of silver. We take it for granted, right?
- 24:33Because you can buy it now. You can go to 1st mint, you can
- 24:35go to your local coin shop, you can buy silver, but it's really
- 24:39a thin little sliver of the overall silver market.
- 24:42And when the floodgates do open, it's going to be unobtainium.
- 24:46OK, So just be be prepared. OK, All right, few more.
- 24:49Now we're going to have some fun.
- 24:50I forgot to tell you this. We're going to watch again by by
- 24:54popular demand at the end, we're going to watch the best 2 1/2
- 24:58minute video ever made about gold and I will say silver as
- 25:04well. And there's a shocker at the
- 25:06end, But here's a real simple fun statement from our friend.
- 25:10Make gold great again. Pull this one up right again,
- 25:15very simple. Just like that idea that every
- 25:16day there's less silver on the face of the earth.
- 25:19Make gold great is great again said everyone works all day to
- 25:23earn a currency backed by nothing right And why is that
- 25:28part of the reason why is because they took us off the
- 25:30gold standard. So next I'd like to share with
- 25:33you because you guys keep asking me the 2 1/2 minute video that
- 25:37shook the world. OK, This is why we own precious
- 25:42metals. That chart I showed you at the
- 25:43beginning of this video live stream where the dollar has lost
- 25:4940% of its value against gold since the year 2000.
- 25:53But this really sums it up. And again, I got to warn you,
- 25:56there's a shocker at the end. This is from X from an account
- 26:00called TFTC, and I'm going to get this up on full screen mode
- 26:06for you, and I'm going to share the right screen.
- 26:10Hold on here, let's make sure we got you up.
- 26:14Nope, we don't. Thank God I checked.
- 26:17Thank you. OK, we're going to try this one
- 26:20more time and we're going to go. America's gold was supposed to
- 26:25back the dollar. Leaving the gold standard was
- 26:28the most costly mistake we ever made.
- 26:30I agreed. What was so bad about gold?
- 26:38It kept them honest, but they wanted power.
- 26:41You know, kid, folks today think this is just how life's supposed
- 26:45to be. What do you mean?
- 26:47Back in my day, one job could feed a family.
- 26:50My mother stayed home, father worked and we ate together every
- 26:54night. Didn't realize how good we had
- 26:57it After the World War. They promised gold backed
- 27:00dollars but they broke. Think about that, guys, 1970,
- 27:04yeah, you could have one parent working, lead a good life,
- 27:09everything was fine. What happened since then?
- 27:11We're going to find out here real soon.
- 27:14But, and on top of that, to make it even crazier, is this fact
- 27:18that with all the technological advances, we should actually
- 27:21overall be leading a more comfortable, nicer lifestyle
- 27:25than we were in 1970. Something must have happened.
- 27:28Hope that promise. They printed paper backed by
- 27:32nothing, funded wars we couldn't afford and shouldn't have been
- 27:35involved in, but France caught on and sent a warship to get
- 27:39back their goal. Truth is, if more countries
- 27:43followed, our vaults would be empty and game over.
- 27:48I have directed the Secretary of the Treasury.
- 27:50To keep this is what happened. To suspend temporarily the
- 27:54convertibility. Of the temporarily, I guess he
- 27:58meant what, 60 years or so because it might be coming back,
- 28:02but he did say temporarily. Holler in the gold.
- 28:06Turns out when you fake the money, everything else follows
- 28:10and you screw the next generation over and it's
- 28:13snowballs, kid. Prices shot up paychecks.
- 28:16Didn't it is snowballing? And nobody knew why.
- 28:19We tried raising our kids the old way, but we didn't have the
- 28:22time or the money. Did you hear the latest data
- 28:26point that like 60 percent of Americans have a negative net
- 28:30worth That means they owe more in debt than they have in
- 28:34assets. I mean, we have really become
- 28:36AI, hate to use this word, but almost a debt slave society.
- 28:41It's very, very, very disturbing.
- 28:43So you outsource parenting. I won't talk anymore, I promise.
- 28:47Yeah, I guess you could say we did.
- 28:49Government schools raised and the TV taught them bad morals.
- 28:53They learned debt, not saving, bought houses they couldn't
- 28:56afford, play video games, gambling, antidepressants and
- 28:59crimes. Families fractured.
- 29:02Divorce rates doubled, birth rates plummeted.
- 29:05Things got so bad people started financing Chipotle.
- 29:09Financing a burrito. Yeah, it's getting bad obesity,
- 29:14people eating cheap slop instead of real food.
- 29:17We got softer, sicker and lazier, a nation in decline.
- 29:22But it didn't happen overnight. When Nixon left the gold
- 29:25standard, we traded sound money for a lifetime of debt.
- 29:29How will they ever pay it back? I don't think they plan to.
- 29:33Both sides keep spending like. There's no not a political
- 29:36statement. Believe in the bill to your
- 29:38generation, we didn't get it right, but you've still got a
- 29:41chance. So take the reins kid.
- 29:45Hold your ground and don't give up on sound money.
- 29:53That's the shocker at the end of most of us right in.
- 29:56But I think there's a lesson there, whether you like crypto,
- 29:59hate crypto, I'm not here to debate that whatsoever.
- 30:03But I will say this fact that people that invest in Bitcoin, I
- 30:07do know share 99% of the same views that people that invest in
- 30:13gold and silver. But that was a shocker to me
- 30:15when I watched that video at the end.
- 30:16I'm like, whoa, that's from a Bitcoin media company and I
- 30:21think it does demonstrate to us that there's a lot of
- 30:23camaraderie between both the crypto and the precious metals
- 30:26communities. I'm not here to debate that.
- 30:29I just thought that was a great video.
- 30:31Hey guys, it's going to be interesting.
- 30:32The markets are going to be open here, opening here shortly on
- 30:35Sunday night. I think that by next Friday, we
- 30:39got a real legitimate shot to have silver at $42.00 per oz.
- 30:43What do you think? Drop a comment in the comment
- 30:45section below. And don't forget, if you ever
- 30:48want to be entertained, read the comments to these videos.
- 30:51I get all kinds of feedback and that's OK.
- 30:54You don't have to agree with me. I just appreciate when you come
- 30:57down here, share your opinion. And when you do leave a comment,
- 31:00it gives us all an opportunity to learn, right?
- 31:03That's if I just stayed inside my own head, I would never learn
- 31:06anything. So please feel free to leave a
- 31:09comment. Please feel free to come back
- 31:11here. Join me again in the basement.
- 31:12I appreciate you being here and I'm going to look forward to
- 31:15seeing you.