Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🌟 Gold's Meteoric Rise: Dethroning Tech Titans as Wall Street’s Hottest Trade

Transcript

🌟 Gold's Meteoric Rise: Dethroning Tech Titans as Wall Street’s Hottest Trade · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  The situation for precious metals is escalating quickly, so
• 0:05
  much so that right now gold is the most crowded trade on Wall
• 0:11
  Street. We're going to look at that and
• 0:13
  a number of other key factors that are pushing precious metals
• 0:17
  and I think also crypto currencies to new highs as we
• 0:22
  move into the next two to three years.
• 0:26
  First, thank you for being here. Thanks for being part of the
• 0:29
  basement. It's a big deal when you come
• 0:30
  down here and join me, please subscribe to the channel, share
• 0:34
  this with your friends. Super chat.
• 0:36
  Super thanks are never expected, but always very much
• 0:40
  appreciated. Let's dig into this new
• 0:50
  information we have about gold and how it is becoming the most
• 0:55
  crowded trade on Wall Street from Yahoo Finance.
• 0:59
  After surge to record highs, gold overtakes the Magnificent 7
• 1:06
  as the most crowded trade on Wall Street.
• 1:09
  This is. Remember the Magnificent 7?
• 1:12
  We thought they were just going to go higher and higher forever
• 1:14
  and ever. Well, gold has surpassed the
• 1:17
  Magnificent 7 tech stocks as the most crowded trade on Wall
• 1:20
  Street as the precious metal surge to record highs this year
• 1:24
  amid volatile markets and uncertain economic back
• 1:27
  backdrop. According to the latest Bank of
• 1:31
  America Fund Manager survey published this week, nearly half
• 1:36
  of the fund manager surveyed see long gold or bets that gold
• 1:41
  prices will rise as the most crowded trade in the market
• 1:45
  right now. This marks the first time in two
• 1:48
  years that fund managers did not see the Magnificent 7 as Wall
• 1:53
  Street's most crowded trade. So remember, guys, the
• 1:57
  Magnificent 7, we're talking about NVIDIA, Microsoft, Amazon,
• 2:03
  and there's a few more, I think Netflix, but we're basically
• 2:06
  talking about the big tech companies, and gold has silently
• 2:11
  overtaken them as the most popular, most crowded trade on
• 2:17
  Wall Street. What is that telling us and why?
• 2:20
  That may beg the question, why are we not hearing about this
• 2:25
  more on the front page of the Wall Street Journal or CNBCI?
• 2:30
  Wonder why? Because gold and silver are
• 2:34
  alternatives to the Fiat money system, much like what a lot of
• 2:38
  people refer to as digital gold, Bitcoin, and cryptocurrency.
• 2:42
  I think this bodes very well for the future of all of the
• 2:46
  alternative assets. And why is this happening?
• 2:49
  You might be asking couple key reasons #1 tariffs are creating
• 2:54
  mass uncertainty in the economy right now.
• 2:58
  Big cuts to government spending are creating massive uncertainty
• 3:02
  in the economy right now. The stock market was already in
• 3:07
  bubble territory before all this starting.
• 3:11
  And many will argue, and I am included in that, that the stock
• 3:14
  market is still pretty much in bubble territory.
• 3:18
  The weaponization of the dollar people are moving away from the
• 3:22
  dollar and the dollar denominated assets.
• 3:24
  A lot of that started during the during the onset of the Ukraine
• 3:29
  war situation. And finally, right, anybody with
• 3:33
  a calculator in half a brain, any of us who passed 3rd grade
• 3:38
  math class can look at the US debt clock.
• 3:41
  And here's the US debt clock. We are closing in on $37
• 3:47
  trillion in debt. OK, let me remind you, one
• 3:53
  trillion, 1 trillion is equal to 1,000,000 * 1,000,000.
• 3:59
  And we have 37 trillion and that that might explain why we have
• 4:03
  almost 325,000 debt per taxpayer in this country.
• 4:08
  And anyone who's alive and considered AUS citizen now owes
• 4:12
  a hefty $108,000. But where it gets real scary
• 4:17
  guys, is when we go down here, let's draw.
• 4:20
  It's been a while. Let's draw on the and we'll use
• 4:24
  orange today when we go from the debt down here to the interest
• 4:31
  on the debt, this number that I'm circling in orange, which is
• 4:35
  a trillion dollars in annual interest that we are now paying
• 4:39
  on the debt level. Remember, that feeds back into
• 4:43
  this number, right, the budget deficit.
• 4:47
  And guess where the budget deficit feeds into?
• 4:50
  It feeds right back into the US national debt.
• 4:54
  This circular motion that you're seeing there is not a merry go
• 4:59
  round. No, it is a debt spiral.
• 5:02
  And it explains a big reason why a number of big investors,
• 5:07
  central banks, sovereign wealth funds, big hedge funds, big
• 5:11
  wealthy family offices are moving to gold like no other
• 5:16
  time in history. All of this in a backdrop of so
• 5:20
  much uncertainty. Because the icing on top of the
• 5:23
  cake is we also have political uncertainty in the United States
• 5:30
  because we get this shocking headline today, Thursday,
• 5:34
  President Trump says, quote, Powell's termination cannot come
• 5:39
  fast enough. Referring to this gentleman
• 5:41
  right here, Jerome Powell, right, the chair of the Federal
• 5:45
  Reserve. Guys, it is not a good thing
• 5:47
  when the president of the United States is putting pressure on
• 5:51
  the Federal Reserve. Jerome Powell again on Thursday
• 5:54
  by saying in a social media post that he should lower interest
• 5:58
  rates and that Powell's termination cannot come fast
• 6:02
  enough. Paul was speaking on Wednesday
• 6:05
  of this week at the Chicago Economic Forum.
• 6:09
  And basically I was watching it and my blood pressure went up
• 6:13
  because he was explaining stagflation without saying
• 6:18
  stagflation and saying that basically the Fed is in a very,
• 6:23
  very difficult situation right now.
• 6:26
  Which further adds fuel to the reasons why so many people
• 6:31
  around the world are moving to gold now.
• 6:34
  You know what moves after gold? I mean, right now the current
• 6:37
  gold to silver ratio sits above 100.
• 6:41
  It's insane. OK.
• 6:43
  Silver will play catch up to gold and we'll probably do so
• 6:47
  within the next, I would say 4 to 6, maybe 8 weeks in the
• 6:53
  fundamentals behind silver, right?
• 6:55
  The supply deficit that we're dealing right now creates an
• 6:58
  even more explosive opportunity for the silver price.
• 7:03
  You may get mad at me for saying this, but I think that we could
• 7:07
  see 40 and $50 silver much, much sooner than any of the big
• 7:12
  analysts are talking about. And at the same time, we have
• 7:16
  the situation where the DXY, the dollar index is decreasing below
• 7:21
  100. Let's go take a quick look at
• 7:23
  that because that right when we get this DXY index in the 9796
• 7:29
  range will be even more power behind the silver rally.
• 7:34
  Here's a quick look at the DXY index, which is below 100 for
• 7:39
  the first time in a while. Let's take a look at the one
• 7:44
  year chart, OK? You can see definitely the first
• 7:47
  time in the last year. And if we go back three years
• 7:51
  again, right, the first time in three years also it tried a
• 7:56
  couple times, but now he's actually moved below 100.
• 8:01
  And let's go back to see when the last time that we were
• 8:04
  hopefully it was back in 2022. So a move below right, got down
• 8:10
  to 90 in 2021, got down to 90 range in 2018, but has been as
• 8:20
  low as 75 back in 2011. Now remember what happened to
• 8:26
  the silver price back in 2011? That was when silver last hit
• 8:31
  $50 per oz. If we get a DXY index reading
• 8:34
  down to 75 again, we're going to see numbers more like 70 or $75
• 8:40
  per oz in silver. Just my opinion.
• 8:43
  Don't make any financial decisions based on anything I'm
• 8:46
  saying. I also want to say thank you for
• 8:48
  joining me today and thank you to our channel sponsors, our
• 8:52
  friends at Moon Pay and our friends at Ledger.
• 8:56
  Ledger is the leader in hardware wallet technology in the crypto
• 9:01
  sector, allowing you to secure your crypto.
• 9:04
  You can learn more about them at ledger.com and moon Pay is the
• 9:08
  on ramp for people who want to convert Fiat paper money into
• 9:13
  crypto. They're the leader in that
• 9:15
  sector as well. I'm very fortunate to have both
• 9:18
  of them sponsoring Ron's basement.
• 9:20
  I'm also very fortunate to have you here as well.
• 9:23
  I want you to know you're always welcome to come back.
• 9:26
  Thanks for being here today and I will see you soon.