Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 SILVER Stacker 🚨 You Best Do THIS... or FAIL! -- (Gold Price & Precious Metals NEWS)

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🚨 SILVER Stacker 🚨 You Best Do THIS... or FAIL! -- (Gold Price & Precious Metals NEWS) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:00
When it comes to silver, there's one thing you have to do or you
0:05
will absolutely fail. We'll cover that in this video.
0:09
We also have to talk about this drone situation.
0:12
We're going to talk about $8000 gold, actually 8000 to $12,000
0:18
gold from one of the sharpest chart readers in the world in
0:22
the universe. We've got a lot to talk about.
0:25
So glad you're here. Thank you for joining me this
0:28
morning. It's Sunday morning.
0:29
I hope, hope you're having a great weekend.
0:31
Let's talk about the one big thing that you need to do as a
0:35
silver stacker or you will likely fail.
0:39
And that's very simple. You need to be patient.
0:43
You need to stack responsibly. You need to be patient.
0:48
I need to be patient because guys, we are heading into an
0:52
environment where we could see the silver price go up by 2X or
0:56
3X. And I'm talking about in the
0:58
near term horizon sometime here in the next couple years.
1:04
I want you to realize, I want you to think about one fact.
1:09
Sorry my my voice instrument is malfunctioning this morning.
1:13
One important key critical thing we need to remember about
1:17
silver, we are consuming more silver right now than is being
1:22
produced. Silver is being drained from the
1:26
above ground supply. There's a great example we can
1:30
look at that will show us what we can expect with the silver
1:34
price in. That's uranium.
1:36
Yes, that that metal that's used in the nuclear field, it has
1:41
tripled over the last few years. I want to show you what happened
1:44
with uranium because the exact same thing, uh oh, hold on here,
1:50
here we go is happening in the silver here.
1:53
Look at look at uranium from about 2020 to at about $26 per
1:59
pound. It shot all the way up to $100
2:03
per pound. I believe it's by pound.
2:06
I'm really going to look foolish if I'm saying that the wrong
2:08
way. But why it's so important to
2:10
look at uranium is because uranium, right, right.
2:13
Back then, excuse me, was in the same situation that silver is in
2:19
right now. Back in 2020-2021, the world was
2:25
consuming more uranium than the mining companies can produce,
2:30
could produce. Does that sound familiar, right.
2:34
So there was this temporary, right?
2:36
That's what's going on in silver right now.
2:38
There was this temporary period of time when the world nuclear
2:43
reactors, when the world market for uranium was able to drain
2:48
that X uranium that was required above and beyond what the mining
2:53
companies were producing. They were able to drain that
2:56
from the above ground supplies. That is exactly what is going on
3:01
with the silver market right now.
3:03
And the big consumers were a big, the big users of uranium
3:06
were able to keep the uranium price down.
3:08
But eventually market realities. Let's look at this and this is
3:13
not a uranium channel, we're a silver and gold channel.
3:16
But this here, let me show you. I'll draw on this chart.
3:19
This is uranium. Let's make a big U, OK, Big U
3:25
with a circle around it. During this period back here, we
3:30
were in a situation where the world was consuming more uranium
3:34
than the mining companies could produce.
3:36
There was an above ground surplus just like we have with
3:40
silver right now. Eventually around this time, the
3:44
free market forces began to take hold.
3:47
There's was only so much uranium above ground and we saw the
3:51
uranium price go from $25 a pound, went as high as 100.
3:56
I think right now it's around $80.00 per pound.
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So as a silver investor, if you don't, if you want to be
4:03
successful, you don't want to fail.
4:06
I know you don't want to fail. I don't want you to fail.
4:09
I don't want to fail. We need to be patient because
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our day is absolutely, undoubtedly coming.
4:17
We can have a three X. It's just a matter of time.
4:21
Look, the guys over at Pembacs always talk about stack
4:25
responsibly dollar cost average in right.
4:27
We say that it's so critically important.
4:31
Let's run out and take a quick look and get an update on silver
4:35
and gold price and at the same time say thank you.
4:39
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get all those different silk can choose from spark.
4:50
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4:59
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that have given chance have been very happy because you always
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Eagles or any other product of the other big online bullion
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dealers and I'll think you will be pleasantly be pleasantly
5:52
surprised. We are in for a good move in the
5:56
silver market. All right, So the thing that if
5:59
you want, if you want to avoid failure, be patient.
6:03
The other big thing with silver is of course there's always a
6:06
premium that's being paid when you buy physical silver.
6:10
If you try to do quick trades on physical silver, you likely will
6:14
get your, your lunch handed to you because there's a that
6:17
hurdle that you need to get over, which is the premium that
6:21
all online bullion dealers and all the coin shops charge.
6:25
So if you buy silver, I always recommend buy it as a long term
6:30
hold. I have never sold an ounce of
6:33
silver in my entire life. I look at it as a generational
6:37
investment because we are absolutely heading into a period
6:42
where we were were where the the demand is going to way, way out
6:47
do the supply. OK, let's talk about 8000.
6:50
Are you ready for $8000 gold? Hold on here.
7:00
There we go. The computer was moving a little
7:03
slow on me. Northstar Charts is highly
7:07
respected, very closely followed and he put this out just
7:12
yesterday. As gold prices past 2700 and
7:15
peaked around 2800, we advised our website members it was a
7:19
profit taking area for people who are traders.
7:22
This generalized road map is playing out well.
7:25
The pullback that we're in right now does not need to be as deep
7:30
as shown here. And let's take a look at this
7:32
chart. He put this one out, I believe
7:35
it was in April, Yep, April 28th.
7:39
And look how there's a couple of critical things we want to look
7:43
at on this chart. Number one, this red line right
7:47
here, the 24 year support line which we are holding in the gold
7:52
market up here at the top right. He predicted he was very
7:56
accurate with what would happen over the last four or five
7:59
months. He's showing that we could, you
8:01
know, we went up, we could have a pullback, but then we have a
8:04
big powerful move upward. And the key here is that we want
8:09
to get above this 44 year right here where my arrow is, excuse
8:14
me, 44 year resistance line. Once we get above that, that
8:20
will then become a support line. And that is when we can look at
8:25
prices, right? And it may be 4-5, six years,
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who knows, could be one year, but we'll be patient.
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Like we said, we could have gold prices moved to 8000 to $12,000
8:37
target subject to constant review according to incoming
8:41
data. So again guys, we have a long
8:45
term bull market in gold. We have a long term bull market
8:50
in silver the the the future is looking very very bright for
8:56
both of the precious metals. Now there's a lot of weird stuff
8:59
going on right now right you probably have heard there's
9:02
these strange drone sightings people in New Jersey people in
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other parts of the country are seeing these big drones.
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No one knows what's going on. So anything that I'm going to
9:13
say here is going to be speculation.
9:16
But when I look at it through the lens of gold and and silver,
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and as we've talked about many times, I think we are heading
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into a period of much uncertainty, much turmoil, but
9:28
we're hearing all types of of speculation.
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I want to emphasize speculation about what's going on with the
9:35
drones. Here's I talked to and listen
9:38
to. I'm sorry I didn't talk to him
9:39
directly. Listen to a drone expert, a guy
9:42
who works with the military, everything else.
9:44
And he brought up some good points.
9:46
He said the only reason that a drone is going to be out at
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night time is if it's looking for something with a sensor, OK,
9:56
because drones usually are used for observation, right?
9:59
So he said at night, if they're out looking, they're looking for
10:02
something with sensors. Now there's speculation,
10:06
emphasize speculation that they're looking for nuclear
10:09
related materials, OK, I don't know.
10:12
I've heard that that idea now being floated by.
10:15
And again, I think that's speculation at this point.
10:18
But the critical thing to remember, and indeed, look,
10:22
people are there's all kinds of crazy stories.
10:24
They're coming up out of the ocean.
10:26
There's an Iranian mothership. I've heard that one.
10:29
I don't know, right? I mean, who knows?
10:31
Nothing's off the table because the government's not really
10:34
telling us or doesn't have an answer or not allowing, you
10:37
know, or not giving an answer as to what's going on.
10:40
But according to this expert, he said they're probably being
10:43
launched somewhere from the land and they are looking for
10:47
something. That's the only reason really.
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If you think about it, the drones go up and if they're
10:51
doing it at night, they used to probably have some type of
10:55
sensor on there because they can't see at night, right?
10:58
If they wanted to be looking during the day visually, they
11:01
would be up there using their camera.
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So if the developing situation, it's weird to me, right?
11:08
I'm just putting some puzzle pieces together here.
11:10
Be curious what you think about this, but it's weird.
11:13
It's a very weird situation and it's weird that it's happening
11:17
here, what, 4-5, six weeks before we have this massive
11:21
transfer of power in the White House.
11:24
There is a lot going on. All I can say, and I hope I'm
11:28
wrong, is buckle up, buttercup, for 2025 because I think we're
11:34
going to be moving into a massive period of uncertainty.
11:37
I hope I'm wrong. I hope you can laugh at me and
11:40
say, oh, he was the town crier or whatever.
11:42
But I just have a strong feeling that as as uneventful in many
11:47
ways that 2024 was, 2025 could offer us a buffet of
11:54
uncertainty. And let's hope that we continue,
11:58
all of us, basement dwellers and everyone to be safe as well.
12:02
OK, we've got massive news. I want you to think about this.
12:06
What does it mean? All over the world, all over the
12:12
world, there are massive great changes going on for precious
12:17
metals. I have a buffet for you right
12:20
now. When you're done with this,
12:21
you're going to be full of, of, of good feelings about silver
12:26
and gold because everywhere we look in the world, there are
12:29
changes occurring, big changes and they're not being covered,
12:33
generally speaking, by the mainstream media that are
12:37
positive for the precious metals.
12:39
That mean that what you've decided, what I've decided to
12:42
do, right, go against the grain, go against the mainstream is
12:46
likely a very smart, smart decision.
12:49
Let's dig into just a couple of these right now.
12:53
We're going to fly through these because we've talked about a few
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of them. We've got this from Florida.
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OK, the Florida CFO, his name is Jimmy.
13:03
Here's our friend Jimmy. Hey, Jimmy, hold on here.
13:06
Where is he? Jimmy Petronas initiates a study
13:10
on gold and silver as legal tender in Florida.
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Guys, guys, this is big. It's a $200,000 study in Florida
13:19
to to look at using gold and silver as legal tender.
13:23
And it wasn't initiated by some special entry.
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No, this is from the chief financial officer of the state
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of Florida. You know how big Florida is.
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Florida's a huge state. Florida also, I want you to
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think about this is one of the states that's been doing very,
13:40
very well. If Florida moves to a legal, I
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mean, to examine how they could use gold and silver as legal
13:47
there. If Florida goes that's big,
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that's massive. OK, I didn't realize.
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And I'm, and I'm, and I'm not going to lie to you, not now
13:57
anyway. No, I'm not going to lie to you.
13:58
I forget, but there's some crazy statistic about how big the
14:03
economy is in the state of Florida.
14:05
You know, like that one, like, oh, California, if it was its
14:08
own country, California would be the seventh biggest country in
14:13
the world from an economic perspective, blah, blah.
14:16
Everybody's leaving. Well, not everybody, but there's
14:19
a lot of people are leaving California and moving to states
14:22
like Florida, moving to states like Texas, because those states
14:26
are more what I would call innovative and growing.
14:30
And we're seeing that, right? We're seeing that now with
14:34
Florida. But what about Texas?
14:36
I think there's something going on in Texas.
14:37
But let's talk about Indonesia. Indonesia.
14:40
Where the heck is Indonesia? OK, here we go, another big
14:44
worldwide move. Again, this comes from the
14:47
Jakarta News. Now Indonesia eyes a bullion
14:51
bank to harness their domestic gold reserves.
14:55
We are seeing this. This is just an example of
14:59
countries all over the world that are making bold steps,
15:04
right, to reclaim their gold, to reclaim.
15:07
Indonesia produces gold. Indonesia wants to keep the
15:10
gold. Now in the country, they're
15:12
going to start their own bullion bank.
15:14
I mean, this is happening everywhere.
15:16
It's happening in Africa. A lot of these African nations
15:20
have a lot of gold, right? We're seeing it in South
15:22
America. The only place we're not seeing
15:26
it and we're not hearing about it is in the G7 countries,
15:31
countries like the United States, right, Canada, right,
15:34
Europe. But we know and we know this
15:37
think about this, it gets it's crazy.
15:41
It's absolutely crazy. We know this about the
15:43
Europeans, the European central banks secret, not secretly, but
15:48
silently. I think it's good is a good way
15:51
to describe it. The European central banks have
15:53
a boatload of gold, a shipload of gold.
15:58
When you look at the amount of gold that France has, Germany
16:00
has Italy has and it's done silently, but they have about I
16:06
think it's like 4%, the equivalent of 4% of their GDP.
16:10
And it's all relative to to to each other just perfectly.
16:15
Some people, I love the word speculation, speculate, right,
16:20
that the that the European countries, Holland, are doing
16:24
that to prepare for the potential of a move back to a
16:29
gold standard. Like they all want to have about
16:32
the equivalent of 4% of their GDPS in gold.
16:36
It's going on in Indonesia. It's going on in Florida here.
16:39
Now let's go back to the United States of America, one of my
16:42
favorite states, Texas, what's Texas doing?
16:48
Hold on, Here we go, Texas. This is from Kitco.
16:52
Texas proposes gold and silverback currencies to compete
16:55
with Fiat money. Gold and silver backed
17:02
currencies to compete with Fiat money.
17:06
Wow, let's just read the first paragraph.
17:08
In a quest for sound money, a Texas lawmaker has filed not
17:14
one, but two bills that, if passed, would create gold and
17:18
silverback transactional currencies back to 100% by the
17:25
underlying asset that would serve as legal tender in the
17:30
state. Guys, they are talking about
17:34
transactional currencies backed 100% by gold and silver.
17:40
And we are not talking about some far-flung place, some
17:44
far-flung country. No, we are talking about the
17:48
state of Texas. Where's Elon Musk moving all of
17:52
his operations. It feels like Texas.
17:56
Where are a lot of companies moving?
17:57
We've had companies here from Texas, Texas, Texas.
18:01
Texas is growing. Texas is innovative and Texas
18:06
we're hearing we're talking about a gold and silver.
18:11
They they have their own bullion bank and their own depository in
18:15
Texas. This is big because if we get a
18:18
major state, if we get Florida, if we get Texas, that moves
18:23
forward with one of these ideas. And we have a regulated state
18:27
backed gold and silver currency where we know that for each one
18:32
of the electronic tokens or each one of the units that you have
18:38
that there's a certain amount of gold and silver there.
18:41
It could take off like wildfire because we are heading into an
18:44
environment where we're going to have runaway inflation.
18:47
Don't worry, I won't go down the inflation Rd. but guys inflation
18:51
is coming money printing is coming Hey thank you wow.
18:56
Would you Oh, I got a super chat here let's take a quick a quick
19:00
detour to see what our friend here Chamberlain and sons pay
19:03
me. Would you recommend to wait till
19:06
the 17th for further purchases? You know what I would recommend?
19:13
Let me let me talk to you quickly about that.
19:15
Thank you for that super chat my friend.
19:17
What I always recommend with buying silver and what I've
19:21
always done is try to do it responsibly.
19:25
Not try do it responsibly, but do it in chunks.
19:29
You know, like if, for instance, if I had $10,000 that I wanted
19:34
to invest in silver, maybe I buy $2000 a month for the next 5
19:41
months and space it out dollar cost average it.
19:44
Because trying to predict the short term moves are, is, is, is
19:48
really a game not for a fool, but for somebody who is, who's
19:53
the, it's impossible to really predict which way these medals
19:58
will move. I don't think that we're going
20:00
to see a huge spike up. I, I'm telling you, if Kamala La
20:04
La La La had won the presidential race, we would have
20:10
much higher silver and gold right now.
20:12
That and I'm and I'm I'm not at all not a political channel.
20:17
So I think, you know, I was quite pleased with the outcome
20:20
of the presidential election, but I respect everybody's own
20:23
opinions. I was very pleased.
20:25
However, it it threw a big wrench into the short term
20:31
prices For gold and silver. It was great.
20:33
For Bitcoin, it was great. Everything's in a bubble.
20:36
We'll touch on that later. I thought that we would get
20:39
about, I was, I was thinking we would get to at least 40, maybe
20:42
$44.00 silver by Christmas. I was wrong.
20:46
I apologize. You know, I always say my
20:49
predictions, they're often right, but they're also often
20:52
wrong. And but I do believe that as we
20:55
move into 2025 that we will see a silver price that it one point
21:02
during the year at minimum approaches $40 per oz at
21:06
minimum. These fundamental, fundamental
21:08
factors driving silver are not going away.
21:12
And I think we have a possibility that it could go
21:14
much higher, but I could be wrong.
21:17
We could have silver next year go down into the mid 20s, right?
21:21
I would, I just would be, I don't know how you feel about
21:23
this, but I would be shocked. I would actually maybe in some
21:27
weird way be happy if silver got back to mid $25 per oz, right?
21:33
Cuz I would back the truck up right?
21:35
I buy silver for a long term investment.
21:38
I, I think a lot of you would feel the same way that if we get
21:40
silver down that low. So long answer to a, to a quick
21:44
question. I would make purchases in
21:47
chunks, right? I think what you're referring to
21:50
is the Federal Reserve announcement, which will be it's
21:55
either Wednesday or Thursday. Let's go out and take a look and
21:58
see what they're saying on the CME Fedwatch tool.
22:00
This will be quick because probably didn't change over the
22:03
weekend, but this will tell us. Here's the countdown.
22:06
It says 3 days, so the FOMC meeting is in three days.
22:11
The announcements seem to always be on Thursdays, but I could be
22:14
wrong. I'll get updated information for
22:17
you on that 10. There's Jerome Powell right in
22:19
the middle of the screen here. Come on.
22:23
And right now, as of you, here we go.
22:25
So, yeah, we're still at a 96 percent chance of a rate cut
22:30
this week on Wednesday or Thursday, I don't know.
22:35
You got to realize this. Everybody's, I've heard several
22:38
people say, oh Ron, Ron, when the Fed cuts rates, when the Fed
22:42
cuts rates this week, that's going to make the gold and
22:44
silver price run. It could, but if it does, that's
22:49
just a coincidence. If the Fed cuts rates by 1/4
22:52
point, I don't want to, don't get mad at me, I'm your friend,
22:57
but I'm going to tell you this. I know for a fact the gold price
23:00
and the silver price right now have already baked in that 25
23:05
basis point quarter point interest rate cut, OK, it's a
23:09
96% chance. So the only thing that could
23:12
really, really have a real material impact on the silver
23:17
and gold price would be if they cut rates by more, which is like
23:22
a 0% chance. Or if the Fed says, we've
23:25
decided after we've looked at the data and we want to create
23:29
mayhem, we've decided not to cut rates.
23:32
If the Fed does not cut rates this week, if they leave rates
23:35
to put where that they are now, again, according to the big, big
23:40
money, right? The big money, the hedge funds,
23:43
the in the know, the insiders, That's what we just looked at
23:47
CME, Chicago Mercantile Exchange, they own the COMEX, by
23:51
the way, as well. Nonetheless, according to them,
23:54
it's a 96% chance that they're going to cut rates.
23:58
So if we have a big movement now, here's what could impact
24:02
the price massively when the Fed gives their announcement this
24:06
week. OK, Nope.
24:08
There's two things. There's two things.
24:09
I'll give you the two reasons why the Fed could really move
24:13
the metals markets #1 if they surprise us like we just talked
24:17
about, 1/2 point cut or no cut. The other thing is their
24:22
language. You got to think about this,
24:25
right? And this should make you mad
24:27
because it makes me mad. the Fed has become more of a public
24:32
relations firm. They're more, they're like the
24:34
Wizard of Oz everything since we're living in a world of
24:38
fantasy illusion, fantasyland economy, Unicorn fart does that
24:43
Whatever. the Fed has become more of a of a public relations
24:49
firm. So the other thing that could
24:51
really, really either move gold and silver much higher or
24:56
downward would be if the Fed communicates, it's their words.
25:01
They can sometimes change one word, one word in their in their
25:05
release, in their press release, and that can move the market.
25:09
So their communication will also be very critical as they talk
25:13
about what to expect and their observations on the economy and
25:17
blah, blah, blah. Here's the bottom line though.
25:20
Buttercup. People I like, I call buttercup.
25:24
So I'm telling you, I like you when I say that it it's going to
25:28
be an interesting ride. Before I forget, thank you for
25:30
being here. I forgot the most important
25:32
part. That's you.
25:33
Yes, you. All 500 of us together on a
25:35
Sunday morning. Isn't this great?
25:38
On a serious note, it's a big deal when you're here.
25:40
We appreciate you. You're part of this group.
25:43
You're always welcome here. Please subscribe to the channel.
25:46
That would help give the video a thumbs up and super chance like
25:51
our friend the paving man gave us are always super appreciated,
25:54
never expected. So thank you, thank you, thank
25:58
you. Oh, the big picture, I almost
26:00
forgot when it comes to all this fed mumbo jumbo, you're going to
26:03
be fed. You're going to be fed from the
26:05
Fed. A bunch of BS, OK, the big
26:08
picture remains intact. OK, The dollar is going down in
26:13
value and the value of the precious metals will continue to
26:17
go upward and upward. Sorry, my phone was ringing
26:20
there for a second. OK.
26:21
Susie's older brother, a good friend of mine.
26:23
OK, OK. But so we talked about.
26:26
Let's see, let's do a quick review.
26:27
Quick review. We talked about Florida, we
26:30
talked about Indonesia, we talked about Texas.
26:33
Who else can we talk about here? This is interesting.
26:36
Do I have you on the right screen?
26:38
No, I do not. This is very interesting.
26:42
OK, this I was shocked to hear this morning from William
26:46
Middlecoup, another one of these guys.
26:48
Big respected person in the gold and silver sector. the United
26:52
Arab Emirates has now surpassed the United Kingdom, London,
26:57
England. The LBMI, the London Million
27:00
Market Association, is the second largest gold trading hub,
27:08
reshaping global markets alongside the BRICS countries
27:14
Brazil, Russia, India, China, South Africa, India and China.
27:17
With record gold buys and shifting reliance from the US
27:21
dollar, Dubai leads a new era in precious metals.
27:27
Guys, the world, remember, I just, I don't want to, I don't
27:30
want to break. I don't want to scare you or
27:32
break your heart. OK, but we live in the West.
27:35
We live in a in a country where there's like 5 companies,
27:38
companies that own all the media outlets.
27:41
The establishment does not like gold and silver.
27:45
That's a fact. OK, so all this stuff is
27:48
happening all over the world and we aren't going to be told about
27:52
it. Things like what we just looked
27:54
at the United Arab Emirates is now the second largest gold
27:57
trading hub in the world. Second largest.
28:01
I don't know who the 1st is, United States, maybe China, who
28:05
knows? All right, join me for a quick
28:07
sip of coffee. All right, let's get back to it.
28:14
Now we have El Salvador. We're just going to run through
28:17
the world. This is the wide world of
28:19
precious metals. OK, here we go.
28:23
El Salvador. This was from Newsweek earlier
28:26
in the week. They IA $3 trillion gold mine
28:30
beneath their soil. The president is calling for a
28:34
reversal of a ban on on mining because he claims they now have
28:40
$3 trillion worth of unmined gold in El Salvador.
28:45
And isn't El Salvador the country that was like the
28:48
Bitcoin deal or whatever, remember, like they were going
28:51
to change all their money over to Bitcoin?
28:55
And do I have that? I believe that's correct.
28:57
And now the president is saying, hey, we want to, we almost hit
29:01
my clock. We almost, we want to have, we
29:05
want to reopen gold mining in our country because we found $3
29:08
trillion worth of gold. I don't know, guys.
29:11
It's very, very interesting. And on top of that, in the wide
29:14
world of gold, we hear this right?
29:18
This was one of the biggest news stories in the metals market in
29:21
the last week from our friend Niels that P back the People's
29:25
Bank of China is back in the gold market buying 5 tons in
29:30
November. This is their official, the
29:34
Chinese official numbers. OK, so from an official
29:38
perspective, the Chinese had taken off like what 6 months
29:41
from gold mine, right? The and the Chinese are major
29:45
buyers of gold. Prior to that, it was like 18
29:48
months straight that they'd added to their gold reserves.
29:51
So critical to understand though, and there's guys,
29:56
listen, there's people that that prove in this, that's their
29:59
official now they are officially admitting that they're buying
30:02
more gold. However, there is a speculation
30:07
that that they never stopped buying gold.
30:10
When you examine like import and stuff going through the Middle
30:13
East, like we just talked about through the United Arab Emirates
30:16
there there are very intelligent people in the gold and silver
30:20
world that say that China absolutely actually never
30:24
stopped buying gold. However, that's it.
30:27
Now I wanted to point this out, but you know, they are always
30:30
demonizing gold. This was from Bloomberg about
30:37
gold. They say the jewelry.
30:38
This is another interesting thing about China.
30:41
Jewelry stores across China have been receiving mysterious,
30:45
unusually large orders for gold bars from customers who asked
30:50
for the precious metal to be posted, sent.
30:53
I guess that's the way they say it in, in over there, mailed to
30:58
faraway addresses in the nation. Okay.
31:01
And then here's the headline. Chinas lust for gold exploited
31:04
by scammers and money launderers.
31:06
That's Bloomberg. I want to point out to you guys,
31:09
the Western media is not on our side as gold and silver
31:15
investors. There was and there's there
31:17
there are people who have who have told me that there was
31:20
coordinated efforts even with Hollywood over the years to kind
31:25
of diminish or demonize silver and gold.
31:28
I mean, in the example this person used with me was he said,
31:32
think about it. When you hear gold and silver,
31:34
you think of like James Bond criminals, right?
31:38
When you think of silver, you think of pirates, right,
31:41
stealing and and thievery. It's very interesting that over
31:45
these last years and even still still now in the mainstream
31:47
media, gold and silver, we what we are doing, we're kind of
31:52
working against the grain as gold and silver investors.
31:56
But when we examine the proof of what's going on in the world,
32:01
even when we examine on a state, if gold and silver were so bad,
32:05
why is Texas talking about starting a a gold and silver
32:10
backed currency? Why is the CFO of Florida
32:14
commissioning a major study to examine how gold and silver can
32:18
be used as legal tender in the state of Florida?
32:22
I mean, I bet if you add the economies of Florida and Texas
32:25
together and then you examine also the reason why we want to
32:29
look at keep an eye on this, examine how much they have grown
32:33
relative to other states in the United States.
32:36
That's a big deal. And these states are are making
32:39
tangible, real steps towards examining using gold and silver
32:45
as, as, as legal tender. Now, we never talk about Canada.
32:50
I'll talk about Canada briefly. We're going to talk about big
32:52
trouble in Canada. And this is kind of being hidden
32:56
from us as well because I didn't know anything about this until
32:59
just recently. But there's big, big trouble
33:02
going on in Canada. Any of you that are watching
33:05
right now, We got people all over the world.
33:07
Hey, put your vagina stacking gold.
33:10
Yeah, baby. Put your put the country that
33:13
you're joining us from in the in the in the comments section
33:16
here, right? I'm Mr. USA, St.
33:19
Louis, MO right. We have people all over the the
33:23
world and Canada's got trouble. But I do want to say thank you
33:26
to our Canadian mining company sponsor first mining gold.
33:31
They have gold in the ground in Canada, their development stage
33:34
company with two multi million ounce projects.
33:37
I also want to say thank you to Fortuna Mining.
33:40
They're an operating mining company, silver and gold mines
33:44
in Latin America and an expanding gold operations in
33:50
West Africa. You can learn more about both
33:52
those companies at their respective websites, a link to
33:55
which I have in the description of this video.
33:58
Don't forget also before I forget, where is it right there
34:01
dirty man safe. I'm giving one away in 15 days
34:06
on the 30th of December during the 10 AM live stream.
34:10
OK, I'll put a link in the description of this in a little
34:13
while after this live stream. You can go check that out about
34:16
how to enter The Dirty man safe giveaway and you can have your
34:18
own dirty man safe word like we just talked about.
34:21
Where did the pirates think about this?
34:23
Where did the pirates? Gold and silver, right?
34:26
They hit it in the ground. All right, back to Canada.
34:32
Canada is in big trouble. Look at this.
34:35
I didn't realize in apparently Canada did a massive, we find
34:39
the article a massive interest rate cut just last week, a half
34:45
a percent cut. Could our fed be preparing to do
34:48
that? Listen to these numbers right
34:49
now, OK? Canada's unemployment rate is
34:52
almost 7%, the highest level in seven years.
34:56
The Bank of Canada cut rates by 50 basis points to respond to
35:00
economic weakness. The lack of hiring across Canada
35:04
and the US is signaling deeper economic troubles.
35:08
Both economies are facing synchronized challenges caused
35:12
by central banks to adjust their monetary policies.
35:16
In November, Canada added just 50,000 jobs, but the majority
35:20
were in the public sector. Okay.
35:23
Despite notable increases in payrolls, the Canadian
35:26
unemployment rate reached 7%. Economists are scrambling to
35:30
adjust forecast as Canadas economy weakens faster than
35:35
anticipated. And it's not just the one
35:37
country. Both Canada and the United
35:39
States are facing synchronized challenges, with rising
35:42
unemployment reflecting broader global economic trends.
35:46
The secret synchronization extends to everything from
35:50
central bank policies to interest rates and even consumer
35:53
prices. Pay attention to what's
35:56
happening up north and we are getting like a media blackout on
36:01
this in the United States. Did you know right that the that
36:05
the Canadian economy is really struggling.
36:09
OK, maybe you know because you dig a little deeper, right?
36:13
What about Germany? Germany is the biggest economy
36:17
in Europe in Germany is in in pretty nasty, nasty economic
36:23
situation right now. Do you do you do you even
36:26
realize? I mean, right, Maybe you do
36:29
realize, right because again, you dive a little deeper.
36:32
But I'm telling you 99%, that same 99% of Americans who don't
36:38
own gold and silver have no clue what's going on in Canada, have
36:42
no clue what's going on in Germany because the mainstream
36:46
media doesn't spoon feed it to them.
36:49
And right now everything is in a bubble.
36:54
I'm sorry we got to go through it one more time, guys, because
36:57
this is what we are heading into.
36:59
I'm telling you there's, I believe I could be wrong.
37:03
Don't make any financial decisions based on anything that
37:06
I'm saying but but I believe they're setting us up that
37:12
they're setting the this is just my speculation.
37:15
The incoming presidential administration up for a massive
37:23
headache failure in 2025 that they're going to they're going
37:27
to, they are going to stack the deck to a point where when
37:32
Donald Trump comes into office, everything is set up so that
37:38
about the only way that it can go is down.
37:41
I don't look and I'm the not a political statement.
37:44
I just I don't trust. I just don't I'm sorry.
37:49
I don't trust the the people that are pulling the strings.
37:53
And the reason I say this is if we take a step back right and
37:57
look at this and just run through this list, it's
38:01
astounding right now, OK, Charlie Big Biello pointed this
38:06
out. We have stocks right now at all
38:09
time highs, home prices all time highs, crypto all time highs,
38:14
national debt all time highs. Inflation is above 3% for 43
38:22
straight months, the longest run of high inflation since the
38:25
early 1990s. And all of this is happening
38:28
when the is going to cut rates. I mean, guys, we are set up
38:33
nothing. How do I say this?
38:35
The they stacked the deck. It feels like maybe I'm wrong.
38:39
I could definitely be wrong, but it just sure feels like on so
38:43
many levels we are heading into a lot of uncertainty.
38:48
Let's hold on here. You guys still there?
38:51
Hopefully you can still hear me. OK, let's go take a look.
38:55
Let's do our daily field trip and oh, yeah, 36 trillion.
39:02
They stacked the deck. OK, The federal budget deficit,
39:06
they stacked the deck. Interest on the debt, right, is
39:10
now bigger than the National Defense.
39:13
OK, Look at Social Security. I mean, we're paying 1.5
39:17
trillion. If you add Social Security
39:20
payments in Medicare payments, you come to $3.3 trillion.
39:26
Our government's only bringing in five trillion.
39:29
We're spending what, almost 2/3 of our income as a country on
39:35
Social Security and Medicare. It doesn't work.
39:39
OK, this interest payments and, and Janet Yellen said it herself
39:43
just the other day, by the way, OK, I won't get her out.
39:47
I won't bug you with it, but Janet Yellen apologized to you
39:51
and me. She's sorry, Janet, sorry
39:54
because when she was at the Federal Reserve, don't forget
39:58
she headed up the Federal Reserve for a number of years.
40:01
And during her current term as Treasury Secretary, the United
40:05
States government has acquired approximately what, 16-17
40:09
trillion dollars of new debt? But but.
40:14
Janet, sorry that that happened and it needs to be addressed now
40:18
that she's this is great. Now that she's leaving, now that
40:22
she's getting booted right now, suddenly she's out saying this
40:27
is bad, this needs to be addressed.
40:30
We got this big because here's the the reason why, right?
40:34
And we know this, but she's finally recognizing it, she
40:37
says, especially in an environment of higher interest
40:41
rates. And let me show you what that
40:43
means and why we are in in absolute spiral situation right
40:48
now because we got 36 trillion in debt, OK.
40:51
And it's growing and growing because we have this deficit.
40:55
But that debt creates this. The interest expense, all that
41:00
debt that we have needs to be refinanced constantly,
41:04
constantly week by week. It's always different tranches
41:07
of it are being refinanced as it's being refinanced because we
41:11
are now in a much higher interest rate environment, the
41:15
expense goes up. It's real easy, right?
41:18
If you've got, you know, for every, for every, let's say
41:22
$100,000 of debt the United States government has that comes
41:27
due like this week, they need to refinance it.
41:30
OK, It had been borrowed initially, maybe a 2 or 3%.
41:35
Now they're being required to pay almost double that amount, 4
41:39
or 5%. So this number, not only is it
41:42
growing, right, not only is it growing because the deficit is
41:47
growing and the, and the debt levels growing, but it's getting
41:51
a double whammy because the interest rate is going up.
41:54
It's like if the interest rate on your mortgage for your house,
41:57
if it reset every five years and right now you're at 3%, but when
42:03
it resets, it would reset at 6%, it would almost double your
42:07
house payment. And that's the situation that
42:10
our government and Janet Yellen have gotten us into.
42:13
Wow, continues to explode. Higher the dollar to silver
42:17
ratio, 1116. See if I can remember that.
42:21
It was just 1113 yesterday. Let's get an update and see how
42:25
much it has gone up. Come on, There we go.
42:29
Hopefully, hopefully you guys can still hear me.
42:34
OK. OK, so today is the 15th.
42:37
So in two days 12-15. I know you probably just love
42:43
watching me type, right? This is our 11166.
42:51
OK, this shows us what back cash.
42:55
Less than two months ago, the dollar to silver ratio was at
43:00
729. We've been tracking this every
43:04
other day, every day on a regular basis.
43:06
But again, guys, back then we were astounded that our
43:09
government was printing 729 new fresh new paper.
43:15
Make believe Unicorn fart does dollars for each one ounce of
43:18
silver that's being mined in less than two months that has
43:21
skyrocketed to 1116 dollars. Now those of you who were with
43:30
me last night with this bears repeating guys, we talk about
43:34
bubbles, we talk about manias. This stuff is real, right?
43:38
This stuff. This is real, right?
43:45
American Silver Eagle, real, real metal.
43:49
OK, this is bad enough paper, let's review paper.
43:56
See when it says the top note, it's a note, it's a debt
43:59
instrument, real note. OK, then to make things more
44:05
interesting now our government, well, and I can't say that, but
44:10
anyway, there's a there's a mania going on in the crypto
44:14
world. OK, so we've got we've got real,
44:17
you got kind of paper and then you have crypto and I think this
44:24
proves that more so than anything.
44:27
Uh oh, there it is right here. There is a cryptocurrency.
44:31
Now, guys, this is real. This is not, I'm not joking with
44:35
you called fart coin and it's taking the crypto atmosphere by
44:40
storm, breaking the 500 million market cap that is huge.
44:46
That's big 500 million market cap for fart coin.
44:50
OK, look at it, there's its market cap.
44:54
I haven't checked at least recently, but this is from a day
44:57
or so ago. This guy, even the author says I
44:59
hate that I'm writing this as much as you probably hate
45:02
reading it. The meme coin fart coin has
45:05
officially blown past expectations and now boast a
45:09
market cap larger. This look, I don't care.
45:12
Look, I'm not anti crypto, but crypto people, you can't argue
45:17
this is part of your family, OK? Gold and silver and platinum and
45:23
Palladium and uranium and all the other metals out there,
45:27
aluminum, steel, whatever. I don't know if that's a really,
45:30
but you know what I'm saying, are all part of the same family.
45:34
Bitcoin, What's XRP? Whatever, You know all that.
45:39
And Fartcoin. This is one of your relatives.
45:42
OK, what is Fartcoin? If the name didn't clue you in,
45:46
it's a crypto built on the Solana blockchain, powered by a
45:49
mixture of humor, Internet culture, and surprisingly
45:53
innovative crypto tech. OK, you can read more about this
45:56
if you want, but that's what's going on in our world right now.
46:00
Tell me, look, I am entitled to my opinion.
46:04
You are entitled to your opinion.
46:06
I'm not anti Bitcoin, but I do feel that the crypto world is
46:11
back into a bubble territory. OK, I could be wrong, right?
46:17
The one, one of the, one of the things that that that I want to
46:20
point out when when we compare, because we've got so much in
46:23
common with the crypto people, we do, you know, our distaste
46:27
for Fiat money, the list goes on and on.
46:29
They're really, we're all really brothers and sisters.
46:32
OK. The one thing though that I
46:35
would say and I I don't know if it was Rick Rule who said this
46:38
or who said it, but most people that are following the crypto
46:43
currencies only follow the price.
46:46
It's just price, price, price, price.
46:48
And there's no work involved when you're just following the
46:51
price of something. Well, it just goes up and up and
46:54
up and up. So I'm going to buy more and
46:55
more and more and more until until it's like a game of
46:59
musical chairs. OK, where is whereas when you
47:02
buy an ounce of silver, let's say like this is real.
47:07
I know what the value is. I know what this can be used for
47:11
in industry. I know that it's been been used
47:14
in money for thousands and thousands of years and it's real
47:19
and I know what it takes to get another one of these out of the
47:23
ground, right. I know Bitcoin is is limited in
47:26
number and you got to mine it with computers and tech
47:29
whatever. But to me there's much more
47:33
focus when you talk about silver and gold on value.
47:37
Like what's the real value behind it?
47:40
Sure, we pay attention to the price, blah blah blah.
47:43
I know we shouldn't follow care about what the what the dollar
47:46
value should care about the number of Oz of silver and gold
47:49
we have. But in the crypto world, it's
47:52
just purely price. And it's not just that, it's
47:55
also these other bubble AI stocks like NVIDIA.
47:59
I could even say probably Apple. I bet 99% of the people that own
48:03
NVIDIA stock and Apple stock don't really know what they own.
48:07
Look, I worked for one of the big four accounting firms.
48:11
I have a degree in accounting. I don't want to sit down here
48:13
and brag, but I know how to like a musician can read a sheet of
48:17
music. I can read things like balance
48:21
sheets and cash flow statements and do fundamental analysis of
48:26
companies and stocks. And I guarantee you 99% of the
48:30
people that they don't know what a price to sales ratio is.
48:33
All they know is, well, the price goes up, the price goes
48:36
up. Price, price, price, price.
48:38
It's like a it's like a kind of like a Ponzi scheme in my
48:42
opinion. I don't know.
48:43
I could be dead wrong. I think we're headed for some
48:45
interesting times. Thank you to Jake from Jake's
48:47
Custom Parts. Thank you to Annie Oakley, the
48:50
moderators. Thank you to Susie.
48:52
Thank you for being here. Don't forget, please subscribe
48:54
to the channel. Thank you for the Super chat.
48:57
Did I get another one that I missed?
48:59
Todd. Thank you.
49:00
Todd Warsaw. Todd with 2DS.
49:04
Thank you. OK, Thank you.
49:05
Chambers and Sons Paving. Good luck with your purchases.
49:08
Remember time buying stocks, metals, anything, just do your
49:13
best, OK? Have a great day guys and I will
49:16
look forward to seeing you soon. Take care.