Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / EL SALVADOR BUYS GOLD! 🇸🇻 Tether Eyes Gold Mining & Goldman Calls $5,000 Gold!

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EL SALVADOR BUYS GOLD! 🇸🇻 Tether Eyes Gold Mining & Goldman Calls $5,000 Gold! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  We are having an unbelievable good time in the precious metals
• 0:05
  markets right now. We're going to look at about 12
• 0:08
  reasons why it's happening now, but also why it will continue to
• 0:14
  happen. First, thank you for being here.
• 0:16
  Thank you for choosing to join me here in the basement.
• 0:18
  I hope you feel like you found a home away from home where we
• 0:21
  love to talk about the precious metals, crypto, all kinds of fun
• 0:25
  stuff. But please subscribe to the
• 0:27
  channel, give the video a thumbs up.
• 0:28
  I want you to come back. Let's start by taking a look at
• 0:32
  the silver price. But we're also going to talk
• 0:34
  about big news out of Goldman Sachs, big news out of El
• 0:38
  Salvador, and even bigger news, probably the biggest news story
• 0:43
  that will impact the precious metals here in the coming 5 to
• 0:46
  10 years that nobody else is talking about.
• 0:49
  And it's coming from the crypto sector, but it's good for
• 0:53
  physical silver, physical gold. I'll explain it to you as we
• 0:57
  move on through through the video.
• 1:01
  Easy for me to say. Let's check out the silver price
• 1:04
  and if this doesn't put a smile on your face, I don't know what
• 1:08
  will. Guys, silver continues to to to
• 1:11
  do well here in the spot market. We are hovering right around
• 1:15
  $41.00 per oz. But what I wanted to show you is
• 1:20
  something that'll make you even happier.
• 1:22
  If we go back six months, look at how beautiful that chart is,
• 1:26
  OK? If we go back one whole year for
• 1:29
  silver, look at how beautiful that chart is.
• 1:31
  What we're seeing on all these charts is a steady, consistent
• 1:37
  upward movement. Look, this started back what at
• 1:41
  the beginning of the year around $28.00 per oz for silver and
• 1:45
  many of you remember back when silver was 20, even as low as
• 1:49
  $15 per oz, we predicted this would happen.
• 1:53
  I feel more confident than ever that this will continue to
• 1:56
  happen as we move into the coming months, quarters and
• 1:59
  years. Let's see if we can get a read
• 2:01
  on the gold price from Kitco. You can bear with me here as I
• 2:07
  struggle through and come on bid, ask KGX.
• 2:13
  What is that? Silver.
• 2:14
  Platinum. Why can't we find the gold price
• 2:17
  here? Uh oh.
• 2:19
  Oh, no. Let's go back to the main Kitco
• 2:21
  site and well, let's just search.
• 2:26
  What the heck, we got time, right?
• 2:28
  We love hanging out in the basement.
• 2:31
  Well, you know where else we can now we can't.
• 2:33
  Hold on here, guys. Search.
• 2:36
  OK, Gold price. Oh, boy.
• 2:43
  Let's see what comes up here. Gold isn't out of the woods yet.
• 2:48
  You know what we'll do? Hold on, basement dwellers.
• 2:50
  We won't give up. We never give up.
• 2:52
  Gold price quote. We'll go out to Google.
• 2:57
  Old, old handy Dan. Not we're not going there.
• 3:00
  We'll go. Here we go, Kitco.
• 3:02
  All right, let's see what gold's doing.
• 3:05
  Wow, wow, up almost $50 per oz Unbelievable.
• 3:11
  What a day. And like I said, guys, we got a
• 3:12
  lot of big news stories. I'm letting everybody fill up in
• 3:15
  the room. Thank you to everybody who's
• 3:17
  here. Please don't forget, share this.
• 3:19
  I already begged you to subscribe, but let's look at the
• 3:22
  one year chart of gold, man Unbelievable.
• 3:26
  Again, we just see a steady, consistent up uptick in the
• 3:30
  price, both gold and silver, something very critical.
• 3:34
  The reason why that steady upward move is so important is
• 3:39
  that spikes are great. We love fireworks, we love
• 3:43
  rocket ships. We love when you know when the
• 3:45
  price of anything, it's exciting, it's fun.
• 3:47
  But you know what happens inevitably when something spikes
• 3:51
  up, which is not what we're dealing with right now.
• 3:54
  What happens when something spikes up is the law of gravity
• 3:58
  kicks in and it goes right back down.
• 4:00
  The reason why that gradual move up in both the silver and the
• 4:04
  gold price are so important is that gave time.
• 4:08
  As it moved up, came back, went higher, came back, went up, came
• 4:12
  back, that gave time for the weaklings, right, the Chicken
• 4:17
  Littles, right, the sheeple to get out to be replaced by people
• 4:23
  who really believe in the long term story for the price of gold
• 4:27
  and silver. And here's just a couple
• 4:28
  reasons. We're going to fly through,
• 4:30
  guys. We got stuff from everywhere
• 4:32
  that we can be excited about. We're going to go through it all
• 4:35
  right now let's start with the big news story that came out
• 4:39
  just recently. Here we go, Here we go from
• 4:44
  Spencer. The dollar has lost 50%.
• 4:49
  Are we up on the right screen? There we go.
• 4:51
  Yes, the dollar has lost 50% of its value versus gold in the
• 4:56
  past three years. What is that accurate?
• 5:05
  The dollar lost half of its value versus gold in the past
• 5:09
  three years. Understand where we are.
• 5:11
  You now live in a third world country.
• 5:15
  OK, and here's the chart proving it. the US dollar versus gold.
• 5:19
  Wow, man ratio, as you can see, down easily by 50%.
• 5:27
  But wait a minute guys, there's something coming, OK?
• 5:31
  There's something big coming because the, the, the hold on
• 5:35
  the sheep pole. It's hard for me to make my
• 5:39
  sheep noise today. Well, anyway, they haven't
• 5:41
  really come into silver and gold yet.
• 5:43
  And I've got a chart right now that's going to prove it to you,
• 5:46
  which tells us when these people come back, guys, when the, when
• 5:50
  the, when the, when the ordinary, when the Costco and
• 5:53
  we're going to talk about Costco later.
• 5:54
  People come back into the metals.
• 5:56
  It will be a flood of new money, right?
• 6:00
  Remember, Remember something very important.
• 6:03
  If you're invested in gold, gold and silver now, you are early.
• 6:07
  If you invested in gold and silver, if you've been down here
• 6:10
  in the basement with me for the last three years and you bought
• 6:13
  precious metals or you bought precious metal mining stocks.
• 6:17
  We were living in a ghost town. Sorry, having some technical
• 6:22
  issues today. I apologize upstairs, Susie,
• 6:25
  she's out and about so I don't have my trusty right hand woman
• 6:29
  who I love dearly. But nonetheless, we were in a
• 6:32
  ghost town. OK, it really was.
• 6:34
  But there's a big there's a reason why that's so good,
• 6:38
  that's so important, right? Because we were such a small
• 6:41
  number. Rick Rule talks about it
• 6:44
  whatever .5 percent, 1% what however you want to quantify it
• 6:49
  of the world's financial assets, a slither being being invested
• 6:54
  into the precious metals that such low number, right?
• 6:57
  The benefit to that it's called the law of small numbers.
• 7:00
  It's much easier to have a massive increase on a small
• 7:05
  number like 1 or 1%. When it goes to 3%, that's a
• 7:11
  300% increase. 5%, that's a 500% increase.
• 7:15
  And I want to show you something that absolutely and this is with
• 7:19
  gold, right? And you know, silver, it's even
• 7:22
  more extreme, but take a look at this chart, which actually came
• 7:28
  from zero Hedge, which undoubtedly shows us it says
• 7:33
  think the move and gold is notable.
• 7:36
  Just wait until the ETFs start chasing.
• 7:39
  This is incredible, OK, The blue line is the Spot gold price.
• 7:45
  Let me draw on here for you. That would be this line, OK, The
• 7:50
  black line, that line are the Spot gold ETF holdings, OK.
• 7:56
  Do you see right throughout throughout history, those two
• 8:00
  really typically remain the same.
• 8:03
  But as you can see as the gold price shot up, we have yet to
• 8:07
  see the ETF holding shoot up. We have a massive opportunity
• 8:13
  these two lines will come together at some point.
• 8:16
  But if that black line moves up towards that blue line, these
• 8:20
  are the number of Oz right within those ETFs, it could be,
• 8:25
  it could be absolutely shocking. OK, let's move on.
• 8:28
  Goldman Sachs talks about $5000 gold.
• 8:32
  Let's let's pull up that article from Bloomberg.
• 8:36
  Goldman Sachs says gold near 5000.
• 8:39
  Think about what that'll do to silver is possible if the Fed
• 8:43
  standing damaged. If the Fed standing damaged now,
• 8:47
  what I'm going to do for you because we got so much to cover,
• 8:50
  we got to go through just the highlights at this point.
• 8:53
  Here's a summary of that article, OK, from Bloomberg AI.
• 8:58
  What Goldman says is gold could rally to almost 5000 an ounce if
• 9:02
  the Fed's independence were damaged and investors shifted.
• 9:06
  This is crazy. This is the law of small numbers
• 9:08
  like we just talked about, just a small portion of their
• 9:12
  holdings from Treasuries and to bold bullion.
• 9:15
  Goldman Sachs said a scenario where Fed independence is
• 9:20
  damaged would likely lead to higher inflation, lower stock
• 9:25
  and long dated bond prices. We're going to talk about the
• 9:29
  the scariest thing happened in the world right now, the bond
• 9:31
  market. We'll talk about that later.
• 9:33
  And and an erosion of the dollars reserve currency status
• 9:38
  analyst said. Well, Mr. Goldman Sachs and we
• 9:40
  love the fact that the 1st 4 letters of your company's name
• 9:44
  spell out the word gold. OK, check, check, check, check,
• 9:48
  check gold. This is the crazy part Goldman
• 9:50
  Sachs estimates that if 1% of the privately owned United
• 9:56
  States Treasury market were to flow into gold, the gold price
• 10:00
  would rise to nearly $5000 per oz, assuming everything else is
• 10:07
  constant. And let me let me tell you this.
• 10:10
  I don't know if we're going to get to it in today's live
• 10:11
  stream. I might have to do another one
• 10:13
  tomorrow. The bond market is in big
• 10:15
  trouble. It's not just in the United
• 10:17
  States. The world is in big trouble.
• 10:20
  We've got 330 trillion dollars in debt in the world.
• 10:25
  We're in a debt bubble. Nobody could ever pay all that
• 10:28
  back. And the sad part is the only way
• 10:31
  it can be paid back is with dollars that are diluted, that
• 10:34
  are worth less, OK, Or worthless, however you want to
• 10:38
  say it. Or read into my intonation and
• 10:41
  how I pronounce that. And when the dollar becomes
• 10:45
  worth less because of all that, like Goldman Sachs just telling
• 10:50
  us, right, that only means that if you choose to use the United
• 10:54
  States dollars, the unit of measure for the value of your
• 10:57
  ounces of gold and silver, that the value is only only only
• 11:02
  going to go out, right? We got to talk about big news
• 11:04
  out of El Salvador and big news out of the crypto world that
• 11:08
  could just totally in a good way, rock both the silver and
• 11:13
  the gold markets. Before I do that, check this
• 11:15
  out. If you seen this.
• 11:16
  I love this and Susie who's not here, I can talk for her.
• 11:21
  She and that's a 5 oz silver bar from channel sponsor first met.
• 11:26
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• 11:29
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• 11:32
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• 11:37
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  So First Majestic Silver mines the silver in Mexico, ships it
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• 12:20
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• 12:22
  Here we are. There's their Year of the Dragon
• 12:26
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• 12:29
  There's their bars. Here is their Hail to the Chief
• 12:33
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• 12:37
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  The Las Vegas round and the year of the Snake.
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  code that you can use VIP RB thank VIP Ron's basement, but
• 13:04
  the code is VIPRB. So thank you first man, I love
• 13:08
  this 5 oz bar. This is like the coolest most
• 13:11
  robust chunky. I mean it's it's just awesome.
• 13:15
  Susie loves it too. It feels good.
• 13:17
  And don't forget, this silver has never been touched by the
• 13:22
  LBMA or the COMEX. It's the freshest silver around
• 13:26
  from the mine to the meant to you.
• 13:28
  OK guys, let's talk about El Salvador.
• 13:31
  El Salvador, remember, they were the big crypto country.
• 13:35
  Well, they shot the precious metals world recently when this
• 13:38
  came out that the government of El Salvador.
• 13:43
  Let's get the right screen up here.
• 13:45
  Here it is OK here we go El Salvador's strategic gold move.
• 13:51
  What it means for crypto treasury management.
• 13:53
  Let's just read a couple paragraphs here cuz this is
• 13:56
  shocking. They made waves by buying $50
• 13:58
  million in gold, a bold move that combines traditional assets
• 14:03
  with the crypto world. The country's decision to
• 14:06
  diversify its reserves could have lasting consequences for
• 14:10
  crypto friendly businesses. OK, why did they buy gold?
• 14:13
  This isn't just a random purchase.
• 14:15
  It's the first major gold buy in over 3 decades for El Salvador.
• 14:21
  And they've also been buying Bitcoin, which some people refer
• 14:25
  to as digital gold. And it aligns with President
• 14:28
  Naive Bukili's vision for a more stable economy.
• 14:33
  This gold purchase, following a history of Bitcoin investments,
• 14:37
  shows a desire to hedge against potential volatility, whether it
• 14:41
  be from Bitcoin market itself or the dollar.
• 14:44
  And here we go. Here's a great one from our
• 14:46
  friend Make Gold great Again on X El Salvador.
• 14:54
  Oh, here we go. El Salvador turns to gold with a
• 14:59
  $50 million buy. So there's the president of El
• 15:03
  Salvador looking graciously, guys, the world financial
• 15:06
  system, the world monetary fiscal systems are changing
• 15:10
  right now like never, ever, ever before.
• 15:14
  But probably the biggest story right now that's not getting
• 15:18
  attention, but I believe shows what's happening in a big, big
• 15:24
  way. And it has to do with crypto and
• 15:27
  it has to do with precious metals and I believe very good
• 15:30
  for for precious metals. Was this Ronnie Stoverly posted
• 15:35
  this on X and the Financial Times is reporting that
• 15:39
  stablecoin group Tether. Do you know who Tether is?
• 15:43
  Tether is behind the world's biggest U.S. dollar backed
• 15:47
  stablecoin USDT. Every one of those coins the US
• 15:52
  SDT is backed by one U.S. dollar.
• 15:55
  OK, but they are now holding talks to invest in gold miners
• 16:01
  because tether also has a product called XAUT, which is a
• 16:06
  gold backed one hundred 100% gold backed stablecoin.
• 16:11
  Each one of those XAUT tokens is backed by 1 ounce of gold and
• 16:17
  it's held in a Swiss vault, it's audited, it's transparent, it's
• 16:21
  it's everything. And guys, look, whether you like
• 16:24
  crypto, don't like crypto, I'm not here to argue that one bit,
• 16:28
  but I don't think that we can argue with the current president
• 16:32
  in the White House, who is the crypto president and with how
• 16:35
  the world is, is now moving more and more towards crypto, that
• 16:40
  crypto is here to stay. But why is this good for gold?
• 16:43
  Why is this good for silver? Because these actual stable
• 16:47
  coins that are backed by physical metal are going to
• 16:51
  become more more popular, whether or not you agree with
• 16:54
  it. At the end of the day, the
• 16:56
  digitization and the and and and gold and silver on the
• 17:00
  blockchain are going to create more and more demand for the
• 17:05
  physical metals. Because what they do is they
• 17:08
  combine the benefits of the blockchain of crypto with the
• 17:12
  benefits of owning physical metal.
• 17:14
  Look, I'm not here again, not a political statement, not a
• 17:18
  crypto pro con argument whatsoever.
• 17:22
  But we do know that right now, for instance, XAUT has over a
• 17:27
  billion dollars, I think $1.3 billion worth of gold that they
• 17:33
  are holding. As these products become more
• 17:36
  and more popular, that will mean they will have to acquire more
• 17:40
  and more gold, which explains why they're looking to invest in
• 17:43
  gold miners. The same can be said with
• 17:45
  silver. I think at the Kinesis Silver
• 17:50
  token that they have has over $155,000,000 worth of silver
• 17:55
  backed by real physical silver. I'm not sponsored by these
• 17:59
  companies. I'm not telling you what to do
• 18:01
  with your money. But what I am telling you that
• 18:03
  as the blockchain and crypto continue to be adopted, these
• 18:07
  real world backed tokens are going to become more popular.
• 18:12
  And the good news for you as a silver and gold investor,
• 18:15
  whether or not you choose to participate, is that it is going
• 18:19
  to take more and more and more metal off the market.
• 18:23
  And as a matter of fact, the boss of the crypto company
• 18:27
  Tether, they posted they had profits of almost 6 billion.
• 18:31
  But in the past he is called gold, the natural Bitcoin.
• 18:36
  So some people like to refer to gold as, as I'm sorry, Bitcoin
• 18:41
  is digital gold. He's calling gold natural
• 18:45
  Bitcoin. So very, very interesting.
• 18:47
  I think the biggest story going, I think you don't have to agree
• 18:51
  with me, but I think independent of any, any argument about
• 18:55
  crypto, independent of any political views that is we look
• 18:59
  out five to 10 years from now. This could be a could have a
• 19:04
  major impact on overall demand for silver and gold and could
• 19:09
  have a major, major impact within the precious metals
• 19:13
  sector. OK, guys, man, there's so much
• 19:16
  more to cover. We got Costco a CNBC Hold on
• 19:22
  here. Let's see what this next article
• 19:23
  is. Well, we'll go back to that one.
• 19:25
  We've got CNBC, right with a big article about gold, gold and an
• 19:30
  all time. The mainstream media starting to
• 19:32
  pick up on all this gold is in an all time high.
• 19:36
  Here's what a Costco bar about a year ago is worth.
• 19:38
  Now they're talking about premiums and and taxes and all
• 19:43
  kinds of stuff. But the important part here is,
• 19:46
  right, this is CNBC #1 #2 they're talking about Costco.
• 19:52
  What this indicates to us is that we are in the early stages
• 19:58
  of mainstream of the generalist moving into the precious metals.
• 20:03
  People are really going to wake up when they start going to the
• 20:07
  grocery store, right in the coming two to three years.
• 20:10
  And they thought that the inflation we had after the C-19
• 20:13
  crisis was bad. It's going to be nothing like
• 20:16
  it. OK, the other big.
• 20:18
  The issue that we have going on right now in the world, we are
• 20:22
  guys, look, maybe you know this, maybe you don't, but OK, the
• 20:27
  bond market is the most important market in the world,
• 20:30
  not the stock market, OK? Everybody thinks, oh, everybody,
• 20:33
  that's what all the noise is made about.
• 20:35
  The stock market did this, the stock market did that.
• 20:38
  But the reality is the bond market is magnitudes bigger and
• 20:42
  magnitudes more important. And we've got big issues
• 20:45
  happening right now in the bond market.
• 20:49
  Here we go. Yep, Here's an article from
• 20:52
  Reuters. And this will bleed through to
• 20:55
  the metals prices. This will this will will
• 20:58
  ultimately result in money printing.
• 21:00
  But Reuters points out global bond market stabilize for now as
• 21:04
  a fiscal storm looms. We've got here I'll just read
• 21:07
  this. A sense of calm settled over the
• 21:09
  world's biggest bond markets on Wednesday.
• 21:11
  But concerns about fiscal health and major economies from Japan
• 21:16
  to Britain in the United States kept long dated borrowing cost
• 21:21
  pinned at near multi year highs. Worries about Japan Japan's
• 21:26
  fiscal position were revived after Prime Minister.
• 21:30
  I can't even try to pronounce that. close aide said he
• 21:34
  intended to resign from his post pushing Japan's 30 year
• 21:39
  government bonds to record high, well above 3%.
• 21:44
  What they're going to do, they're going to the world.
• 21:47
  Think about this. This is real simple, OK?
• 21:50
  The world can't afford higher interest rates with all that
• 21:54
  debt, $330 trillion in debt. the United States is approaching 40
• 22:00
  trillion in debt. We'll round up. the United
• 22:03
  States cannot afford to pay 5% interest on $40 trillion in
• 22:08
  debt. That would be $2 trillion a
• 22:10
  year. What the world is going to have
• 22:12
  to do because nobody wants to buy 30 year Treasuries.
• 22:16
  Who in their right mind would loan the United States
• 22:19
  government money for 30 years? What do you think the dollar is
• 22:23
  going to be worth in 30 years? Look at what happened over the
• 22:26
  last 30 years. Look at what happened over the
• 22:29
  last three years. The dollar lost 50% of its value
• 22:32
  value versus gold. So what these world governments
• 22:36
  are going to have to do is print money in the United States.
• 22:40
  That'll be the Fed to buy the long dated securities.
• 22:44
  That's called yield curve curve control.
• 22:47
  It ends in disaster. But at minimum, OK, common sense
• 22:52
  when the feds and in the central banks around the world are
• 22:55
  printing money to buy the bonds to keep the rates on the bonds
• 22:59
  down, that printing of money, that's like if you print any
• 23:02
  anything, right? If I had, if there were only 10
• 23:06
  Mickey Mantle 1954 baseball court cards in the world, but
• 23:11
  suddenly tops or whoever said I we're going to print 10 more,
• 23:15
  that would make the value go down.
• 23:17
  I didn't have to tell you that. That's common sense.
• 23:20
  So the the take away here is that the world that the bond
• 23:23
  market, which is the biggest market in the world, is showing
• 23:28
  major signs of trouble, major, major signs of issues.
• 23:33
  All right, guys, we're going to wrap it up there.
• 23:35
  Thank you all for being here. I want to say hi to a few of you
• 23:38
  in the comments. Hello, Debbie.
• 23:41
  All right. Hello, little Red.
• 23:42
  Hello, Morgan. Hello.
• 23:44
  The truth. It's donkey time.
• 23:47
  Yeah, it's interesting what is happening.
• 23:50
  Let's see if we can say hi to a few more people here.
• 23:52
  Little Red Penny. Debbie Ryan.
• 23:55
  OH, gerrymandering, Mister man. Hello, Ryan H.
• 23:59
  Hello. OK, let's get up here.
• 24:00
  Justin Braham. Thomas Larson, Our YouTube.
• 24:03
  Hey, Thomas, Keep it up with the YouTube, Right?
• 24:06
  It's very fun. It's such a big deal, such an
• 24:08
  honor that I get to hang out with you guys in the basement.
• 24:12
  OK, I know, right? I mean, we are all individual
• 24:15
  people all over the world. I really do feel like you're
• 24:20
  part. I feel like you're part of a
• 24:22
  community. I feel like I'm part of the
• 24:24
  community. It's a big deal.
• 24:25
  When you come here, please subscribe to the channel Super
• 24:28
  Chat. Super thanks.
• 24:29
  Things never expected, always appreciated.
• 24:32
  All right, but I just want you to come back and join us here
• 24:35
  again. Please subscribe, consider
• 24:38
  subscribing. Susie always hits me with my
• 24:40
  shot caller to say that to you. But number one, OK, be good and
• 24:45
  I'll look forward to seeing you next time.