Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ALERT! ⚠️ SILVER Just Made a GAME-CHANGING Move! (LBMA, COMEX & Gold News)

Transcript

ALERT! ⚠️ SILVER Just Made a GAME-CHANGING Move! (LBMA, COMEX & Gold News) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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