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✋ Kamala Harris LAWS and GOLD Price $10,000 - Affects On Silver Price Too! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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$10,000 gold. Yes, $10,000 gold if Kamala
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Harris gets elected president of the United States.
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Thank you for being here this morning.
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Let's dive right in. We have an article from Schiff
0:17
Sovereign telling us Kamala is going to drive gold to $10,000.
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Let's talk about why and if we think this would happen, guys.
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He says gold recently had $2500 all time high.
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The reality is there's a very good case to be made.
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The gold is still quite cheap compared to its trajectory.
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It's possible that in just a few years, $2500 gold could look
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remarkably and and expensive. He says it's because of the
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potential for a Democratic or Republican or Democratic
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President Kamala Harris. He says he's not a Democrat or a
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Republican. This is not a political show.
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I'm not making a political statement here, just reporting
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the facts of what some people see as a big potential for
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$10,000 gold if Kamala Harris gets gets elected.
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They said they talked to the Fed about this or some some
1:18
reporters had in in policy. And to think that it was somehow
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wholesome and responsible to completely ignore perhaps the
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single most important factor that could drive the economy in
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the coming years, the outcome of the presidential election.
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But what are the reasons why people are saying that Kamala
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Harris could drive the price of precious metals higher?
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Well, they as it says, like she understands people are suffering
1:44
and she partially diagnosis it accurately as a result of
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inflation, right? But she has no understanding of
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where inflation comes from, right?
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There's no discussion of government's role in running the
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multi trillion dollar deficits, the unprecedented fiscal and
2:02
monetary stimulus and continuing to rack up trillions in debt
2:06
every year even though there's no longer a national emergency.
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Her plans will undoubtedly. So she has these grandiose plans
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of how she's going to spend money.
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And again, I, I don't see either side of the political spectrum
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really addressing the true issue, but we're focusing in on
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Kamala right now. For example, this $25,000 home
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first home buyer subsidy plan, giving a new home home buyers a
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free $25,000 just means, and this makes sense, that houses
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would become $25,000 more expensive.
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It's exactly what happened during C19.
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They handed out all this free money, right?
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Remember. And what happened as a result of
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that? We had runaway inflation.
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The same thing will happen again.
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And the reality is we're in more of a, of a, of a critical
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situation because the debt has grown larger and larger and
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larger. The other thing that she's
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talking about doing is stifling competition by by by by using
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the legal system, he says, to go after private business, but more
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and more regulation, which will put more and more stress on
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business, less and less competition.
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It would create even more what a lot of people call supply side
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inflation, the attack on oil companies, as we've seen during
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the during this current administration shows us what
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happens when all of this occurs, he says.
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This is why ultimately by it's ultimately very, very difficult
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to see the dollar surviving as the OK.
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Now we're talking about the dollar losing a lot of its
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value, Very difficult to see the dollar surviving as the global
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reserve currency through a single term of a Kamala
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administration. Her policies will will create
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higher deficits, balloon the national debt and drive up
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inflation. Again, we're talking about the
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prospect of $10,000 gold, OK? The nature of a good reserve
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currency is stability. Then he goes on here to say that
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the biggest driver of gold prices is central banks.
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To me, it's clear the obvious sign that they're preparing for
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the end of the dollar is the dominant global reserve
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currency. Gold is likely and very
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reasonable reserve asset for them to hold in lieu of dollars.
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OK, 5000 year history, right? And we've talked about this
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guys. This is happening right now, OK.
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This is happening right now. And he basically ends up there
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by saying that there is a huge upward trajectory for the price
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of gold if we get and, and again, this is not a political
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statement because honestly, either candidate is not truly
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addressing the big elephant in the room, which is massive
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deficits in massive debt. But if we get Kamala in
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particular, we are going to see some government spending along
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the lines of what we never experienced before.
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It could be it. It could hasten the downfall of
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the dollar as the reserve currency.
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We're going to look next at what's going on with China, some
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new data out of China with unbelievable how much the yuan
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has grown on international trade.
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But when we look at what's going on, right, when we look at
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what's happening in the prospect of Kamala Harris as president,
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if she were to implement these spending plans, right?
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This war that we're in right now, or maybe a very, maybe an
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exaggerated term, but this massive battle that we have
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right now, guys in the world, it's happening.
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It's a, it's a battle between the US dollar and gold, OK, It's
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happening, right? We know what's happening with
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bricks. We know what's happening with
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the world central banks. The world is, is, is deciding
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basically there's only, there's only two options.
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If you're a country and you want to store reserve assets,
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essentially only two options. You either have the dollar or
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you have gold. Gold has been gaining traction
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at minimum, right? And what this author talks about
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is the fact that if the government continues, excuse me,
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with these policies that will further devalue the dollar.
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Guess what, guys? Gold and silver, precious metals
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are going to continue on this March higher.
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There's no other way about it. And what do we, what do we hear
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from Japan? Is it shocking to think that
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that the use of the Chinese yuan, the Chinese currency just
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in the last 15 years, what does this tell us?
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The last 15 years on a percentage basis, the use of the
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Chinese yuan has gone up by 470%.
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Forty. You do you do the math.
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Let's go check this out. This came from our friend, our
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friend Sean and his 11 year old daughter Neve.
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That's an Irish name and we've got a lot of great people that
7:13
watch the channel from Ireland. We got a lot of great people and
7:16
thank you Neve, right, our 11 year old research analyst and
7:20
our good friend Sean. But we got a lot of great people
7:22
all over the world, including you.
7:24
Thank you for being here. Please subscribe to the channel.
7:28
We'll put a new new piece of content every single day,
7:31
whether I'm feeling under the weather like I happened to be
7:33
today or on top of our game. We're going to talk about gold
7:36
and silver. We're going to go through the
7:38
ups and downs. We're going to do it together.
7:40
Leave a comment in the comment section.
7:42
Please give this a thumbs up and super chats are always, always
7:46
super appreciated. I'm going to have a sip of
7:48
coffee and then we're going to get into this Chinese yuan story
7:52
because it is this has to do with the dollar, right?
7:55
D dollarization the The battle right now in the world between
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precious metals and the US dollar.
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This comes from Bloomberg. The Chinese yuan, the key points
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in red that I wrote. Chinese yuan overtook the
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Japanese yen. The use of the Chinese yuan up
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470% in 15 years. The Chinese yuan is accounting
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for a This is from Bloomberg a growing share of international
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payments, while the euro share continues to ebb.
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OK. The portion of transactions
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involving the yuan rose to 4.7% in March, so almost 5% of the
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world's trades was conducted in the yuan, the highest since
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SWIFT created their new baseline.
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The euro share dipped below 22% last month and under the 24%.
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So the euro is losing ground while the yuan is gaining ground
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in purple. This is where it starts to get
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interesting. The yuan has been the world's
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fourth most transacted currency since November, according to
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SWIFT data, overtaking the Japanese yen for the first time
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since 2022. So the the the the yuan, the
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Chinese currency, is now overtaking the currency of the
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world's what third biggest economy, the Japanese and the
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Japanese yen. China's currency still trails
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the dollar, euro and pound. That this is interesting.
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The greenback share of total global payments, meanwhile, far
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exceeds that of its rival, Excuse me, holding relatively
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steady around 47%. So the dollar is still dominant.
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Now this is where it gets real interesting.
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When Swift first began tracking the yuan's usage in 2010, 14
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years ago, its share of a global total was less than .1%.
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OK, so it has gone up from .1% all the way to point I'm sorry
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to 4.7%. That is in my what is that a
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470% increase in 15 years, right?
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Sure, they're still only roughly 5% of the world's global trade.
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But look at the rate of increase in adoption of the Chinese yuan,
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and it says that here. China's increasingly carving out
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a role for its currency in global trade and finance, a push
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hastened by the levy of U.S. sanctions against Russia.
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The yuan's usage in Russian export payments, for example,
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surged in 2022, as Bloomberg reported at the time.
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So that's what we're seeing happening in the world, a
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massive battle between the dollar in some foreign
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currencies, but more importantly, a massive battle
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going on between precious metals and essentially the dollar.
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The world is not going to move to the Chinese yuan as the
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preferred reserve asset. The world is not going to move
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to the euro as the world's preserve world's preferred
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reserve asset. The world had used U.S. dollars
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in U.S. Treasuries as the preferred
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reserve asset. Now what we're talking about,
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there's trade data between countries.
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There's a difference between the dollar as a as a trade used as a
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trade mechanism in the dollar being used as a reserve.
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But on both sides, what we're seeing is a big move away from
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the dollar, whether we're talking just pure currency or
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U.S. Treasuries, and towards precious
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metals, which will only continue, which will only give
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us more and more. What about draining the COMEX?
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I got a very interesting piece of data here from one of you.
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OK, you guys, I tell you, I read your emails, I read the
12:02
comments. Please leave comments in the
12:04
comments section. But next we're going to talk
12:06
about our friend Andreas in Germany, who tells us about what
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it's like to buy precious metals in Germany.
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But why when we were so focused on the on the price of silver,
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for instance, in China, really there's more opportunity to
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drain the COMEX, drain the LBMA by what's going on in Germany.
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I'll let you be the judge. We'll go there soon.
12:30
Let's run out and take a quick look though at the prices
12:33
because gold and silver are trading as far as I know.
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metals, OK, take your time #1 take your time, do a lot of
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channels. But you need to find that out
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for yourself. I'm never giving financial
14:14
advice. Let's go to our German friend
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Andreas. OK, He brought up something very
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interesting. See if you agree with this.
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This is draining the comex in the LBMA, according to our
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friend, our German friend Andreas.
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Fascinating data about German and European silver prices.
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This is this is good guys. What we can see the spot price
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for silver as of his riding of this was about €26 or $28.86 and
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that's at that euro to dollar exchange rates.
14:47
OK. But he brings up a great point.
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The price is an economic theory and practice is the price you
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buy or sell things for. What he means is so this they
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they report the spot price, but what really matters is what do
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you buy for? What do you sell for when you
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buy a silver And this is focused on silver.
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He says right now I I can buy in Europe a Canadian Maple Leaf oz.
15:15
That's the cheapest one that you can buy in Europe for about
15:19
3030.43 euro and that's reuse quality.
15:24
That means this is not a brilliant uncirculate
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uncirculated, no special year, just random used coins, which
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converts to about $33.61 US. OK, that's almost 16% above the
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spot price. That's the first, first offer
15:41
listed is not available. So that's the cheapest price of
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the cheapest oz that you can get in Germany.
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The cheapest ounce of physical silver in Germany right now or
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Europe that you can that he could find was about $33.61.
15:58
That's a little bit higher than what we just saw, you know,
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because at the time of his writing here, the spot price it
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was in U.S. dollars was just under $29.00.
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He says in green. At the same time, I can sell as
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a stacker my used coins, again, used quality, no special year,
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just just you know, kind of generic used sovereign coins to
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the bullion dealers for about €29, which is about $32.
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He can sell silver, go to his LCS and sell it for about $32.
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So we can say that for physical silver, the price for me as a,
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as a, as a stacker to sell my coins is at least 10% higher
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than the spot price, right? He can go cash out his coins for
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$32 US. He says this is the real price.
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So for so for consumers, the spot price really has no
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relevance. Again, this is in Europe.
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And then in Shanghai, he points out the difference in the price.
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We've studied that right, Thanks to the Oriental Ghost.
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The price for silver in Shanghai is always much higher.
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For me, the most important question is this.
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The spot price we look at is also for for stackers, not
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relevant because we can sell to the next bullion shop for about
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$32 US in Germany. We should look more at consumer
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prices and not the spot price, right?
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So every ounce of silver guys that you have right now, if you
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were in Germany, he's saying you could sell back at the time of
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this riding for about $32 US, OK.
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In the German European price is even higher than what they're
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quoting on the Shanghai Gold Exchange.
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Here's the important part. There's a possibility not only
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to have an arbitrage between the spot price between let's say the
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LBMA and the Shanghai Gold Exchange, which is about $3.80
17:58
US, but also for the European market, when you compare the
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LBMA versus the German European prices, which would be $33.61
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less the spot of 2886, which would be almost five U.S.
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dollars, so the year. So the price difference and and
18:18
possibility to drain the exchanges is also possible if
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you sell the silver in Europe for even a greater difference
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than in Shanghai, meaning there's even a greater premium
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on silver even for everyday people in Germany.
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And you do not need to transport the metal around the world.
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What he's talking about is will business people jump on this?
18:44
Physical silver is more expensive in Germany than in
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Shanghai metal exchange right now.
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I guess the demand in Europe must have increased rapidly.
18:54
So for the draining of the exchanges, we do not need
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Shanghai. On the contrary, if the physical
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silver retail price further increases, the arbitrage will
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further increase, which might speed up the draining of the
19:10
exchanges, Meaning people would be crazy not to buy money.
19:14
A metal on the on the LBMA or the COMEX and you could go even,
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you know, in theory you can go sell it in Germany for even more
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of a premium than what we're seeing on the Shanghai Gold
19:27
Exchange. Now in his last paragraph, he
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does point this out. The only thing I do not know is
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whether taxes right, that's the caveat here.
19:34
Import duties and the like might make this business less
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attractive. But apart from that, the
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difference between LBMA and physical retail prices in Europe
19:44
will fuel the draining from the LBMA and the and the COMEX.
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Thank you Andreas, our friend from Germany.
19:51
That was an very interesting. What he's pointing out is this
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in Shanghai on their gold exchange, on the on the physical
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market, the price of silver is always 10% higher, at least as
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of late. What he's pointing out with
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Germany is even for retail, we're not talking about a big
20:13
exchange, we're talking retail. That you can sell back.
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You or I, if we were in Germany, could essentially when he wrote
20:21
that piece. I think the price is down $0.30
20:23
now. But anyway, you can sell your
20:26
ounces of silver that you have right now in Germany to a coin
20:30
shop for $32 per oz. Who wouldn't want to go?
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Maybe we should all run to the Comex, right?
20:36
Buy a bunch of silver. And what he's saying is there's
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an imbalance there that the market through what's called
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arbitrage, which is a fancy way of saying I can buy it over here
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cheaper at the COMEX in the LBMA, drain the COMEX, drain the
20:51
LBMA and sell it even on a retail level in Europe, in
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Germany for a substantially higher price, right.
21:00
Depending if you're you're selling back to a coin shop,
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you'll you you could sell it for $3 higher roughly.
21:06
And if you were an actual coin shop, in theory, again,
21:11
independent of any tax implications, which may throw a
21:14
wrench into all this, but if you're a coin shop, you can sell
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the silver for like $5.00 an ounce higher.
21:22
And people in Germany love silver and gold.
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Our good German friends. Thank you, Andreas, for that,
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for that great piece of information.
21:28
Thanks again to our friend Neve also for the information about
21:32
the Chinese yuan. Guys, thanks for contributing to
21:35
the channel. OK, It makes a big, big
21:37
difference. This is a big week.
21:40
I know it's Monday, doesn't feel like Monday, but this we're in a
21:43
big week for the metals. Don't forget Friday, OK, jobs
21:47
numbers come out and then about week and 1/2 after that, we're
21:52
going to have the big Fed interest rate announcement.
21:55
No matter what it does, the Fed can't, can't erase the fact that
22:00
on a from a national debt perspective, from a fiscal
22:03
irresponsibility perspective, we are in deep, deep trouble in
22:07
this country. OK, what else do we have?
22:11
Wow, guys, we got a lot more to cover, man.
22:13
Thank you again for being here. What about no more?
22:16
What about Labor Day? Happy Labor Day to everyone.
22:19
OK? I, when I was in college, was a
22:23
member of the Steel Workers Union Local 110 here in Saint
22:27
Louis. We made steel baby food cans.
22:29
Whatever you did in your career, thank you for your labor.
22:32
That's how we that's how we contribute to each other is by
22:35
our work, right at the very, very base of it all.
22:38
Buckle up, buttercup. Did you hear Michael Oliver
22:41
talking about $8000 gold? The prospect for $8000 gold.
22:47
Let's talk about a couple things that Michael Oliver's telling
22:50
us. This is one of the most
22:52
respected basement dweller type guy, right?
22:55
He's a gold and silver enthusiast.
22:57
He's been working in the sector for for decades.
23:00
Everybody loves him. OK, we're talking about the hens
23:04
coming home to roost guys. Don't forget, right, the US
23:09
economy lived like a, like a drug addict for the last what,
23:13
15 years? We basically had 10 years out of
23:16
the last 15 years with 0% free money in the hens are coming
23:21
home to roost and it's happening right now.
23:23
What they're saying is, buckle up, buttercup, OK?
23:27
Because when the when the Fed announces its rate cuts here and
23:32
in a couple weeks, we could likely see a drop in the stock
23:35
market. Think about it.
23:37
The lag effect of all those previous interest rate hikes are
23:41
just now really starting to fully hit the economy.
23:45
And one or two little rate cuts isn't going to immediately
23:49
reverse things. OK, We are in for some some
23:52
turbulent times in the market. But Michael Oliver points out,
23:56
and I'll point it out as well, everybody, if you notice that,
23:59
everybody says, oh, hold on a second, I'm going to tell you
24:03
what everybody says and why everybody, not you and me, but
24:06
everybody else can often be wrong.
24:16
Everybody says, oh, when the stock market goes down, and we
24:20
could very likely, and I could be wrong, but very likely, and I
24:24
believe we will see the market the pull back once and the
24:29
interest rates are actually officially announced.
24:32
OK, it's already been priced then.
24:34
But everybody says, oh, gold and silver have to go down.
24:38
It's a rush for liquidity. It happened in 2008.
24:41
There's plenty of examples throughout history.
24:44
I won't bore you, but I will tell you and it's good news for
24:47
you as a silver and gold investor.
24:50
There's plenty of examples throughout history where when
24:54
the stock market went through very difficult times, the price
25:00
of gold and silver did just great, OK.
25:03
And I think that we could be in for that right now.
25:08
Excuse me, guys, I'm dealing with some allergies or I don't
25:11
know what's going on. Hold on one SEC.
25:16
So be prepared, OK? I think we're going to have the
25:20
stock market go down and gold and silver are going to react
25:22
ultra quickly. There might be an ultra fast
25:26
bump down, but I don't see some like big, big draw down like we
25:30
did see quickly. Remember how fast it happened
25:34
during the C19 crisis and it happened in 2008.
25:37
That's what everybody says, oh, it happened then.
25:39
So it's got no, it does not have to happen again, OK.
25:43
Michael Oliver points out the potential for $8000 gold.
25:49
He does a lot of in depth like cycle analysis, chart analysis.
25:54
He says that the current bowl cycle that we're in right now
25:58
for gold started at around the $1000 price range.
26:03
And typically these cycles have 800% returns.
26:06
So it's very easy, right, to see that we could get as high as
26:12
$8000 gold in this cycle. I believe he called the top last
26:17
time. This guy knows what he's talking
26:19
about, right? And I know it may sound crazy to
26:22
US, $8000 gold, right? Where do you think silver would
26:26
be? If we get the $8000 gold?
26:29
I'm gonna say, you know, maybe we get our triple digit number.
26:32
Maybe old, maybe old Smitty here, right?
26:36
Remember the silver bear? His blindfold comes off at $85.
26:40
Maybe we get that, but that's what Michael Oliver's calling
26:43
for. And again, he reiterates, the
26:48
gold and silver price don't always fall just because the
26:54
stock market falls, right? Just because that's happened a
26:58
couple of times doesn't mean that it absolutely has to happen
27:02
again. OK, Are they going to get rid of
27:04
your pennies? Remember pennies?
27:06
I don't know if I have any pennies down here.
27:08
We're going to talk about the New York Times.
27:09
I think they're setting us up. I think they're setting us up
27:12
for CBDCSI do OK. I think they're setting us up
27:17
for the elimination of cash in the United States.
27:21
We're going to talk about that in just one second.
27:23
Have a drink with me. Wow, Debbie, thank you for the
27:38
Super chat. Man, I feel like the luckiest
27:42
guy going. I got to be honest guys, I got a
27:43
horrible sore throat right now. So the Super chat is super
27:47
appreciated. I am get where I am.
27:49
We got more to talk about, but I am lumbering through this with a
27:53
very bad sore throat. But I love to talk.
27:55
I love the fact you're here. Debbie, thank you for that.
27:58
It is much appreciated on behalf of myself and and Susie and the
28:02
whole family. And thank you to the moderators.
28:04
Yes, guys, please type 888. I'm going to do it myself to say
28:11
thank you to those who moderate Jake from Jake's Custom Parts,
28:15
Annie Oakley. OK.
28:17
And of course, Big 10, the silvershire and silver Susie.
28:21
Thank you, Debbie. Are they taking our pennies
28:24
away? New York Times article, Right.
28:28
Look, I don't, I hate, I don't think we're going to have cash,
28:31
guys. I think this stuff is going to
28:33
be gone within the next 10 years.
28:36
Bye, bye. OK.
28:38
We don't really like it anyway, right when we know there's that
28:40
massive war going on in the world between real money,
28:44
precious metals. Thank you again, Debbie.
28:46
And and the dollar and removing cash is part of what they're
28:54
going to do in this move towards a CBDC.
28:57
OK, so we've got an article from the New York Times.
29:02
Hold on here. Wrong one.
29:07
Oh, that's our viewer comment. We'll talk about that later.
29:10
Hold on here. Here we go.
29:12
The penny. This is from The New York Times
29:14
by Katie Weaver. She's a writer for The New York
29:17
Times Magazine. OK.
29:19
The red notes are mine. It's a sad state of affairs
29:22
because of inflation. And you're going to understand
29:25
that more in a second here. A sad state of affairs because
29:28
this is part of the end of cash. And a sad state of affairs
29:31
because we are being likely moved towards a CBDC, she says.
29:37
If you if you live in America or used to live in America, or
29:40
perhaps went to America at one time or another, you are almost
29:45
certainly performing unpaid labor for the US government and
29:50
have been for years. How?
29:51
By storing some of the billions of pennies the US Mint makes
29:56
every year. This is unbelievable statistics
29:59
about pennies, guys, that virtually no one uses.
30:03
OK, she says. Why are we still making tons,
30:07
many thousands of tons of pennies if no one uses them?
30:11
That's a sensible question for a for a psychiotic and psychotic
30:16
answer. We have to keep making all the
30:18
pennies over $45 million worth last year because no one uses
30:24
them. In fact, it would be very bad if
30:27
we actually did use pennies. OK, but few people ever spend
30:31
pennies. Most people just store them.
30:34
The one cent coins where you just leave them wherever you got
30:38
them, right? Your change thing, whatever.
30:40
I'm guilty of that. This is very interesting.
30:43
You might think an obvious solution now presents itself.
30:49
Why not encourage people to use pennies they've been lying
30:51
around instead of manufacturing new ones every year?
30:54
We can't, or any or any way we better not use all those pennies
30:59
because according to the US met, if even a modest share of our
31:04
neglected pennies suddenly returned to circulation, the
31:08
result would be a logistically unmanageable dilemma for the
31:13
Earth's Earth's wealthiest nation.
31:16
As in, a penny tsunami would overwhelm government vaults.
31:21
Basically guys, if we all started using our pennies again
31:24
and brought them to the bank and tried to cash them in, whatever,
31:27
the US Mint couldn't deal with it.
31:29
It would be overwhelming. It'd be crazy.
31:31
Only Congress can retire the American one out cent.
31:35
OK, And if you're And if you're a penny lover, there's happy
31:39
news for you too. This is crazy since the Since it
31:42
first began issuing 1 cent coins in 1793, the United States has
31:46
produced about half a trillion of them, far more than the
31:50
number of stars in the Milky Way Galaxy.
31:54
Even if we get rid of the penny, there will be plenty to go
31:57
around forever, and I think it's 1984 pennies.
32:00
Somewhere on here it actually says why did how did I miss
32:04
this? It cost.
32:06
It actually cost the US Mint three cents to make a penny,
32:12
even with the fact that they're not made out of copper anymore.
32:15
And I believe it's 1984 and earlier, pennies are actually
32:20
made out of copper. So again, though, what I see
32:23
here is it's a sad, a sad statement about the because when
32:27
you remember when we were kids and pennies meant something, I
32:30
guess that would be my question, right?
32:31
Do you pick up pennies when you're walking down the street?
32:34
I do OK, But I think a lot of people don't.
32:37
People just don't care anymore. It's a sad state of affairs.
32:40
It's a statement about the devaluation of the US dollar,
32:45
right? If those pennies had been made
32:47
out of silver or gold for, for that matter, they would still
32:51
have all their value right now, right?
32:54
But since what, 1984? They're made out of I think what
32:57
zinc and a tiny bit of copper or something like that.
33:01
They're not worth anything. People don't care, right?
33:04
I mean, and it's, and again, I think it's also a statement as
33:08
to the fact that our government is eventually going to want a
33:11
move to move away from coins and paper money.
33:16
We're going to be CBDC or precious metals.
33:21
I think that could actually be a good thing for the precious
33:24
metals. I think another good thing is
33:25
going to be this Western investor.
33:27
Hold on one second. Oh my gosh, I'm on mute.
34:19
Oh my gosh, I apologize, guys. I was on mute.
34:22
Hopefully not for too long. Thank you all 600 of you, for
34:28
staying with me. I'll quickly say Jake from
34:30
Jake's Custom Parts informed us that that it's 1982 or earlier
34:36
pennies that are made out of copper.
34:38
I don't know if you heard that or not because Ronnie pressed
34:40
the mute button. I have to.
34:42
I've been a little sick, so I got a cough, whatever.
34:46
And we have 200 thumbs up. I want you to let me know in the
34:51
that. Yeah, Jasper, we're back on
34:53
with. We have 200 thumbs up.
34:55
Let me know if you guys can hear this.
35:00
OK. That's for 200 thumbs up.
35:01
Thank you, Jake, for saving us. Yes, 82.
35:06
Yeah. So but the wheels fall off the
35:09
bus sometimes here. I'm going to go to my audio,
35:12
make sure you guys could hear that.
35:13
Yeah, You should have been able to hear, hear the bell.
35:16
OK, speak on the title of the video I did at the beginning.
35:20
Absolutely that under a Kamala Harris administration, some
35:24
people are saying that the price of precious metals could
35:28
absolutely skyrocket because of more deficit spending more.
35:35
It's really A2 pronged concept. We would have a lot more
35:39
spending and a lot more regulation of business that
35:44
would create even more supply side inflation.
35:48
OK, those two things together could be a lethal combination to
35:53
the value of the US dollar. That coupled with the fact that
35:57
the world is already moving away from the dollar as both a trade
36:01
currency and a reserve currency. OK, All right, guys.
36:07
No problem. Blessed.
36:07
Thank you, Susie. Thank you.
36:08
Cowbell for the win. Yes.
36:11
Hopefully you guys could hear the cowbell there.
36:13
If not, please send me an e-mail.
36:15
It has to do with the microphone settings.
36:17
Anyway, here we go. Oh, we're you got I got.
36:21
I don't even have myself. Boy, I tell you what, I'm here.
36:24
We're going to go back to the viewer comment and we're going
36:27
to talk about this Lawrence. Cool, Cole said.
36:31
What Western investor, OK, this is in reference to a previous
36:37
video that I made where we talked about the Western
36:40
investor coming back into the precious metals sector and what
36:45
a massive impact it could have on the price.
36:48
Because we already know we've got the Eastern, the Indian,
36:52
China demand that has driven us up, the central bank demand for
36:56
gold, the 2500 for silver, 2850, wherever we are right now.
37:00
But he says, what Western investor?
37:02
I think it's already priced in. I think anything we could ever
37:06
come up with is already priced in by people with more time and
37:11
connection and info in the game. Hey, I appreciate your comment.
37:16
I totally respect your point of view, but I don't agree with
37:20
that. I do not think that right now we
37:23
are in a situation where gold, the current gold and silver
37:27
prices are reflecting the Western investor, OK.
37:32
I think, I think that that that money right has just been a
37:37
trickle and the gold and silver don't really because that's just
37:41
pure money coming into gold and silver.
37:44
Rick Rule often states right, .5% of the world's and the
37:50
western financial assets are invested in physical gold and
37:54
silver and or the mining stocks, right?
37:57
That's just a money flow type thing.
38:00
So now that we are starting to see a trickle, a trickle of
38:05
interest in gold, physical gold and silver and the mining stocks
38:10
from the Western investor, we're starting to see real support for
38:14
the metals. If we get into well, it's not
38:19
if, it's when, in my opinion that changes and that trickle
38:23
turns into more of, you know, right now on a scale of one to
38:25
10, I'd say maybe we're at A2. When we go to 4-5 or six, I
38:31
think you could have explosive results on the precious metals
38:35
prices. Hey guys, thank you for being
38:38
with me today. Thank you for being part of the
38:40
basement. I want to say thank you to
38:41
channel sponsor First Mining Gold, their Canadian gold
38:44
developer, 2 multi million ounce development stage projects in
38:49
Canada and Fortuna Mining, right.
38:52
They're a producing gold and silver mining company, gold and
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silver in Latin America in big amounts of gold right now in
39:00
West Africa and some exciting exploration stage projects on
39:05
top of that in West Africa, the Diamba Sood project in Senegal.
39:11
Most important, Happy Labor Day. OK, Thank you so much.
39:15
Please be nice to yourself. Thank you for being a basement
39:18
dweller. Thanks for hanging out down here
39:20
with me. Thanks for the Super chats.
39:22
Thank you to the moderators. Most important though, it's all
39:26
of us, right? There's there's one me, there's
39:28
one you. Thanks for coming here, right?
39:30
It's a big deal. We appreciate you giving us your
39:32
time and we'll see you soon.