Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **BREAKING!** Silver is Doing THIS! 🦍🦍 (China + Gold Price UPDATE)
Transcript
- 0:01Historic, unprecedented, a chaos, a scramble.
- 0:06Those are words we're hearing used right now to describe
- 0:09what's going on in the gold market, in the silver market,
- 0:13precious metals in historic times.
- 0:16We're going to look at some crazy pictures of massive lines
- 0:19of people in Asia waiting to get their hands on some gold and
- 0:23silver. We're going to talk about the
- 0:24prospect of the LBMA being under, let's just say a
- 0:29tremendous amount of stress and that's the London Bullion Market
- 0:33Association over there in London, England, who's
- 0:35controlled the price of gold and silver for let's say decades, or
- 0:40at least that's the speculation. We got a top crypto trader
- 0:45that's pointing out the chart and silver, and we're going to
- 0:48look at that as well. But first, thank you for joining
- 0:50me down here in the basement. Let's get out there and take a
- 0:53look at what's going on right now guys, because this is truly
- 0:58incredible. We are right now looking at the
- 1:02futures price for silver, $76.19.
- 1:09Hold on one second here. We're having some tech issues.
- 1:13There we go. OK, now we're back.
- 1:16Now hopefully you can see this $76.18.
- 1:20That's the futures price. Let's run out and look at the
- 1:23spot price of silver, which should be a little bit lower,
- 1:29which it is 7610 versus wow, gosh, no, again, OK, we won't
- 1:35harp on this. We've talked about it a lot.
- 1:37But the futures price, which should be significantly higher
- 1:40than the spot price, is pretty much in the same range, which
- 1:44means we're not really in a state of backwardation or
- 1:46contango. We're in backward tango right
- 1:49now, but again, it does start to signal to us that there may be
- 1:53some stress between the futures market and the spot market.
- 1:57OK guys, let's dig in. We got a lot more to cover here
- 2:01a ton and we're going to go out to the Kobesi letter, one of the
- 2:05most respected names out there in the financial world.
- 2:09He says what we are seeing now in precious metals is a once in
- 2:13a lifetime event. Gold up 72% year to date.
- 2:16Silver has now become the third largest asset in the world, up
- 2:21155% year to date. We're going to look at that
- 2:25chart a little bit later as well.
- 2:27Silver could very well become the second most valuable asset
- 2:30in the world. It actually may have done it
- 2:32already. We'll we'll take a look at that
- 2:35though a little bit later. Platinum up 160%.
- 2:39And upstairs, Susie was telling me before I went on the
- 2:42platinum's up like 10% today. She's maybe becoming the
- 2:46Platinum Queen, a queen on us in green. 2025 will be a year that
- 2:53is referenced for decades to come.
- 2:56You are witnessing history. But wait, there's more.
- 3:00Because as you know, Oh my gosh, I should have led with this,
- 3:03right? Unless you've been hold on under
- 3:08a rock, under a rock of silver that is breaking.
- 3:13Overnight, the Shanghai silver price soared to a new record
- 3:16over $80.00 an ounce. Now officially up over 150% year
- 3:21today in green. China is facing a literal
- 3:25shortage of physical silver guys.
- 3:28That is what is happening right now.
- 3:30Next we're going to talk about are we in a state of precious
- 3:34metals warfare? I don't think.
- 3:36It's weeding. Something OK, but I think I
- 3:41think they did. I think you're that was
- 3:43upstairs, Susie checking in on us.
- 3:46Oh, I forgot maybe to do that. I'm sorry, guys, man, I'm sorry.
- 3:49It is. There's just so much happening
- 3:51right now in the world of metals.
- 3:52Are we on the are we in precious metals commodity warfare right
- 3:57now? We're going to listen to what
- 3:58Vince Lancey has to say about that, and we're going to look at
- 4:01those Chinese prices to see something very interesting
- 4:04happening out of China when it comes to the silver price.
- 4:08That's the one I just read. And now we're going to look at
- 4:12this from Vince Lancey. And why is this not pulling up?
- 4:17Hold on here, guys. Here we go now.
- 4:21We got it. Sorry about that.
- 4:23Sometimes the streaming software acts up.
- 4:25I appreciate you sticking with me.
- 4:27Silver medals war update Silver and metals war update.
- 4:33The world is officially splitting in 2IN commodities and
- 4:38London is done in its current form.
- 4:40That's the LBMA. This all makes perfect sense.
- 4:45China gave the LBMA 90 day notice with those leases it
- 4:49granted to slow the squeeze. The squeeze that happened just a
- 4:53couple months ago in October. Remember that date?
- 4:56OK, Now this, the leases are coming due and the United States
- 5:02is pulling metal in from elsewhere, excuse me, to be
- 5:06self-sufficient. So the United States is pulling
- 5:10metal in saying sorry LBMA, we can't give it to you.
- 5:13And China is saying, hey, your lease is up, we want our metal
- 5:16back as well. During that time, China also
- 5:19emptied their own vaults, signaling the other metal is not
- 5:23available. They also announced export
- 5:27restrictions. Don't forget that will be in
- 5:29place here in what, 5 days for 2026?
- 5:34During that time also, JP Morgan is rumoured to have ramped up
- 5:39its Singapore operation and de emphasized its LBMA.
- 5:44OPS guys, it's looking like the LBMA is an on thin ice.
- 5:48Is that an accurate word? While the COMEX abused open
- 5:53interest revisions weekly for six months and JP Morgan removed
- 5:59metal from the CME Chicago Mercantile Exchange registered.
- 6:03That's the metal that's available to be delivered and
- 6:06that's JP Morgan who's supposedly sitting on a massive
- 6:10amount of physical silver. Remember, there's registered
- 6:12inventory and eligible. The registered is the metal that
- 6:17can be used to actually deliver on the contracts and China
- 6:21increasingly taking pricing power on metals exchanges while
- 6:25the US seeks to remove the Americas from China influence.
- 6:30It's full blown economic and I'll say metals warfare.
- 6:35And remember what we talked about right as the, this was
- 6:39just like 3 days ago and we were pointing out how close the
- 6:43Shanghai Chinese silver price was to that in the West.
- 6:47And then it blew out, right? I got the what, 82, eight, we're
- 6:51going to look at it here in a second.
- 6:52Got the $8283 in the, in the Western price was still 7810
- 6:58percent, 12% lower. And we said this, we called it,
- 7:02we said now China's in the driver's seat.
- 7:04The good thing about the fact that it had become compressed
- 7:07that showed that the Western markets were, we're now
- 7:11following the Chinese markets. It's, oh, this is very
- 7:14interesting what's happening right now because then the
- 7:16Chinese market blew out. We're going to keep a close eye
- 7:20to see how closely now the COMEX in the LBMA prices follow the
- 7:25Chinese market. It is also interesting to
- 7:27consider, right, the situation that there's not a big
- 7:31differentiation right now, a big difference between the COMEX,
- 7:35the futures price in the LBMA, the spot price like we talked
- 7:39about earlier, we're in a state of of backward tango, not
- 7:45balanced because the futures price should be higher.
- 7:48But let's look at the Chinese market.
- 7:50Is the Chinese market in a state of backwardation?
- 7:53This is where it starts to get super interesting.
- 7:57OK, pull up the right screen and thank you upstairs, Susie, for
- 8:00your help earlier. This is from the Oriental Ghost
- 8:03who provides us with this data on a regular basis.
- 8:06December 26th. This is today's Chinese market
- 8:09data. It also says this, which I have
- 8:11no clue what he's talking about. The Silver LOF fund has hit the
- 8:16limit down for the second consecutive time after crazy
- 8:19speculation. I honestly, I don't know what
- 8:21that means. Maybe somebody can put it in the
- 8:24comments and upstairs, Susie can chime in on the walkie-talkie
- 8:28here. But let's look at the Chinese
- 8:29market, guys. We'll get the virtual crayons
- 8:32out. This is the Shanghai Gold
- 8:34Exchange, basically their spot market, and the Shanghai Futures
- 8:38Exchange, their futures market. This is silver on the Shanghai
- 8:43Gold Exchange, the spot market, 82 O seven.
- 8:47OK, Now the futures, which is down here, silver on the
- 8:54Shanghai Futures Exchange should be higher, but it's not #1 those
- 9:00prices are high, no doubt about it.
- 9:02But right now with silver on the Shanghai Futures Exchange, less
- 9:07expensive than the Shanghai Gold Exchange, the physical market,
- 9:11remember this, this is this right here.
- 9:14Can I draw over here? Hold on, I can.
- 9:17This is basically a 100. I'm getting good at this percent
- 9:24physical market, OK, This price should be lower than the futures
- 9:30price. Because if you think about it,
- 9:31they people that are taking the risk out into the future,
- 9:34there's carrying cost, there's the leverage cost, all that
- 9:37stuff. That's not the case.
- 9:39So what that is telling us is that even in China right now,
- 9:43people are concerned about the delivery of their future silver.
- 9:47They want their silver now. I'm so sorry.
- 9:52There's so much going on. Let's go look at a proof that
- 9:56people in Asia want their physical metals.
- 9:59This is crazy. This happened back in October.
- 10:02It's happening again. First, we have this one from
- 10:08this is Bullion Exchange, Bullion Star.
- 10:10I'm sorry, on the ground at our Bullion Star center in
- 10:13Singapore. As gold and silver reach record
- 10:16highs, this is what real demand looks like a line out the door.
- 10:21Customers stacking metal is moving.
- 10:23Check this out. That's what get your hands on
- 10:32some physical gold or silver. But I think even more
- 10:36importantly, right, more importantly, and something that
- 10:39does not get enough attention, look at this startling
- 10:43information out of Japan. OK, this is translated from
- 10:48Japanese. And Yep, we got you up.
- 10:51OK, right there, translated from Japanese, a massive wave of
- 10:55asset flight boom from the Japanese yen is coming.
- 11:01A wave in front of Tanaka Kiki, Gusnozoka Gingza main store.
- 11:09Sorry my Japanese was a little rusty.
- 11:12A huge line of people buying gold has formed again.
- 11:17It's said that over 200 people are are already lining up before
- 11:23opening. The previous huge line occurred
- 11:26in October this year. Remember that was when the
- 11:29squeeze, not a squeeze, but a squeeze occurred.
- 11:35OK, that occurred in October and LED to abnormal situation where
- 11:39gold bullion sold out. OK, 100 grams of gold bullion
- 11:43equals ¥2.5 million. But up to 2 bars per person is
- 11:48the daily limit. And look at this, OK, that's
- 11:52what it's like if you want to get your hands on gold in Japan,
- 11:56gold, silver. But basically we lump them all
- 11:59together. It's a very, very interesting
- 12:02situation, but it gets even crazier.
- 12:06Is the LBMA actually breaking? We got a little inside info
- 12:10we're going to look at next. But before we do that, we want
- 12:13to say thank you to channel sponsor First Mint.
- 12:17If you don't want to wait in a big long line, right, you just
- 12:20want to buy some silver, go out to the First Mint website.
- 12:24There is Silver Mint located in Las Vegas, NV, owned by First
- 12:28Majestic Silver. So First Majestic Silver mines
- 12:31them a silver in Mexico ships is the Las Vegas, NV, where it's
- 12:36transformed into these world class.
- 12:38Look at the back of this coin. This is the Chinese calendar.
- 12:43And hold on here, get this right.
- 12:45Actually, the first met logos in the middle Chinese calendar.
- 12:48They make these incredible silver.
- 12:51Look at that. And silver.
- 12:54There's nothing like holding a piece of silver in your hand.
- 12:58Silver goes from the mines in Mexico to 1st Mint in Las Vegas,
- 13:03NV. And do you know where it goes
- 13:05next? It goes straight to you.
- 13:08It doesn't get touched by the LBMA or the Comex or any other
- 13:12paper make believe market. If you like the stack silver,
- 13:15I'd recommend you check out First Mint.
- 13:17Let me show you their website. It is right here.
- 13:21First mint.com they have a discount code for US right?
- 13:27The chat when? You get.
- 13:28A chance. Oh, and I got a super chat.
- 13:30OK, and the batteries are dying in Milwaukee again.
- 13:32Susie, a discount code for you, which is VIPRB.
- 13:40Let's do an update here. I don't think that's the right
- 13:43silver price. Oh, my gosh.
- 13:46Since we're here, let's just have a little fun, right?
- 13:49Look at this guy's silver $76.11.
- 13:55Unbelievable. OK, anyway, first meant VIPRB is
- 13:59the discount code. Check them out.
- 14:02All right, I'm able to be down here, you know, meeting with you
- 14:05because of the help and support of our sponsors.
- 14:07Hey, is the LBMA breaking? Is the LBMA in big trouble?
- 14:13Now, look, this guy, let's get his get it up here.
- 14:17There's that. We don't want that.
- 14:18Here we go. This comes from Eric Yuong, also
- 14:22known as King Kong 9888, one of the most respected reputable
- 14:29people out there in the silver and gold sector.
- 14:33Wait till you see this. Even he says, oh wow, moments
- 14:38before the Death Star. That's what people and we got
- 14:41more funny stuff to look at here in a second as well.
- 14:43And we're going to talk about the gold in the in the Fed,
- 14:47something very interesting. Anyway, I'm sorry.
- 14:50Moments before the Death Star, the LBMA blows up.
- 14:54What? Look at this screenshot of a
- 14:57message apparently he reserved received.
- 15:00He says it says the LBMA is breaking.
- 15:04Sir, I just got told they might be forced to sharply adjust the
- 15:09benchmark price any time any requests and I think that may be
- 15:14happening today. And again, I can't corroborate
- 15:16any of this. I'm just showing you what King
- 15:19Kong 9888 is putting out there. Any request to extend leases
- 15:25expiring in the next two weeks are being denied.
- 15:30That means that the LBMA people that are leasing silver, I
- 15:34presume here from the LBMA and they want to extend the leases,
- 15:39they're being told no, OK, no matter the rate offered.
- 15:44So sorry you can't listen. Wow, that is incredible.
- 15:48If that is indeed a fact that I'm not questioning King Kong
- 15:519888 because he's, like I said, very well respected.
- 15:57They're not renewing the leases for the next and that that are
- 15:59coming due in the next two weeks and they're not doing it at any
- 16:04rate. OK, hold on, Susie.
- 16:07OK. I see some super chats and the
- 16:09batteries are dying. If there's something else, just
- 16:11let me know or scream down the steps or talk down the steps.
- 16:15Got it. Thank you.
- 16:18Everybody say hi. That's my wife.
- 16:19For those of you who are new, that's upstairs.
- 16:21Susie, High 5, high 5. But her batteries are dying, so
- 16:25she's going to be beeping now the rest of the show.
- 16:28That's a big deal. The LBMA, again, if we're to
- 16:32believe what we just saw, which we don't have any reason not to
- 16:36not renewing leases that are coming due in the next two weeks
- 16:40not even at any rate. So that's like let's say you
- 16:43rented A minivan from Enterprise Rent a car and suddenly
- 16:46Enterprise Rent a car. The big soccer tournament came
- 16:49to town and they need all the minivans and you've been
- 16:51driving, leasing their minivan for $19.00 a day and you call
- 16:55them up, right And you say, hey, I want to extend my lease for
- 16:58another month on my minivan. And they're like, sorry, we, we
- 17:02need it. We need you to bring the minivan
- 17:05back right now. And then you say to them, well,
- 17:09I'll pay anything, right? I'll pay double.
- 17:12They're like, sorry, we need our minivan back right now.
- 17:15That's what that's what that's what the apparently the LBMA is
- 17:19doing with silver. Super interesting.
- 17:22We're going to keep a close eye on it.
- 17:24And it's time for you silver and gold stackers to celebrate.
- 17:27This one's classic. This this one's classic.
- 17:33It's short, but then there's a great comment we want to read as
- 17:35well. Make gold great again brings
- 17:38this up. Wives and girlfriends everywhere
- 17:43are finally congratulating husbands for buying silver.
- 17:48And if the reverse is true, right.
- 17:50If if you're the wife and the and the husband's OK, But, but
- 17:54and upstairs, Susie, I want to say he's always been supportive,
- 17:57but let's go down here. This is interesting, he said.
- 18:02He said for some, this breaks down how many people are which
- 18:05gender are in gold and silver. For some lucky husbands with
- 18:09millions of impressions in gold and silver space, about 86% are
- 18:14male. So if you're a female gold and
- 18:17silver bug, you're a legend and you should let your husband
- 18:20know. So there's the breakdown of
- 18:22people that basically consume the, the gold and silver.
- 18:26And I can tell you from my experience on Ron's basement
- 18:29channel, it's about the same. I've got a little higher female
- 18:33of, of viewership and that just means we got more it because
- 18:37more and more women are getting into stacking.
- 18:39That could be another big source of, of, of, of demand for the
- 18:44metals. A top crypto trader points out
- 18:48something extraordinary about the silver market.
- 18:52More and more people are waking up to what's happening in the
- 18:56precious metal sector. We're going to look at that
- 18:58next. First, we want to say thank you
- 19:00to 1st Mining Gold for sponsoring Ron's Basement.
- 19:03They're a development stage gold company in Canada.
- 19:06They have two development stage projects, Spring Pole in
- 19:09Ontario, du Parquet in Quebec. What's great about these
- 19:13projects is they're both multi million ounce project gold in
- 19:17the ground in Canada, which is a very favorable jurisdiction.
- 19:22Aren't a lot of big multi million ounce projects in
- 19:26favorable jurisdictions and Canada is increasingly becoming
- 19:30a favorable place for gold companies to invest.
- 19:33You can learn more about them at firstmininggold.com.
- 19:38Oh, let's look. All right, let's look at the
- 19:40this is interesting. Let's get back to silver if we
- 19:43may today. What's that?
- 19:48OK. I'll sign off.
- 19:49And look at 270 thumbs. Up OK, thank you, Susie.
- 19:57She wants she wants you all right, high 5 to give us a where
- 20:01is it a thumbs up. I bend that thing up anyway,
- 20:05let's get into the let's get back into silver.
- 20:08Then I'll say thank you for super chats.
- 20:09Then we'll talk to you guys. OK, hold on one second here this
- 20:13right when we're seeing this. Is a very good sign for what's
- 20:18to come because look you know we've been the the rejected ones
- 20:23for years and years and suddenly now gold and silver are starting
- 20:27to get big attention Doctor prophet all right, this guy has
- 20:32just 460,000 followers on the X platform and he's a a crypto
- 20:37right, Doctor prophet crypto he's saying silver is this the
- 20:42most bullish chart yes it is silver broke out from a massive
- 20:46cup and handle pattern forming since 1979.
- 20:49Have you heard that already guys huh.
- 20:51We're going to look at it don't you worry This is a massive move
- 20:55forming for 45 years with the current breakout in hitting my
- 20:59targets of 50 and 70. I consider 100 very soon and
- 21:06$150.00 silver next. What about Smitty, the silver
- 21:10bear anyhow, $150.00 doctor, doctor, doctor OK, for those of
- 21:17you who are new this is the cup and handle pattern started in
- 21:211979 right formed a cup in 2011 that would be this woo cuppy
- 21:28cuppy, cuppy big cup long cup right and then a handle since
- 21:33then, which it just recently broke out of and is now shooting
- 21:37straightforward. Don't forget guys, one of the
- 21:41most important components that that that indicates how reliable
- 21:47but also how powerful a move can be with the cup and handle
- 21:52pattern that we just looked at is the period of time that it
- 21:56formed over right in this one formed since 1980 basically,
- 22:00which is 45 years. It is for the textbooks.
- 22:05It is some people say biblical almost right and the and I'm not
- 22:09we're not this is not a religious or political show, but
- 22:12silver is featured quite prominently in the Bible anyway.
- 22:16That's a big, big deal 45 years. The top technical analysts are
- 22:21saying that chart right will be historically in the textbooks
- 22:27when people when they when when in the future, when people are
- 22:29learning about technical analysis of charts, they're
- 22:32going to look at what's happening right now history
- 22:36being made right below our very our very feats super
- 22:40interesting. Let's we got a lot more to cut.
- 22:42We got a lot more to do. We're going to talk about the
- 22:44Fed and we're going to I'm going to show you something that might
- 22:47make you angry from the Wall Street Journal.
- 22:50OK, we're going to look at that. But first, let's go take a look
- 22:54at a silver became the world's third most valuable asset.
- 22:59However, now that may be changing quickly.
- 23:03OK, You should be looking at this came from Google AI top
- 23:07global assets by market cap. OK, here, here we are #3 silver,
- 23:14OK, the only thing ahead of us right now are NVIDIA and gold.
- 23:20And gold is way out in the head. I don't think that we'll catch.
- 23:24You never know, nothing's up. But guys, we are not look at
- 23:27that 4.6 trillion, 4.2 trillion. I'll keep you updated on this.
- 23:33I think that it's very plausible that we very soon could see gold
- 23:37and silver as the top global assets by market cap in the
- 23:43world. And the reason why that is
- 23:45important to us is because that will bring, we have 1500 people
- 23:49on this live stream. That is awesome.
- 23:51I'll tell you why in a second. But but the reason why that's
- 23:56important is that will bring more mainstream attention into
- 24:00the precious metal sector. That will be good for gold,
- 24:02silver, platinum, Palladium and all of the mining stocks.
- 24:06We are in a new world. Congratulate yourself.
- 24:09OK, and and now let's go more, more proof.
- 24:15I saw this the other day. I got to share it with you on
- 24:17Facebook of all places. I've never seen this before.
- 24:21And this again indicates how things are changing so rapidly
- 24:27right now in the precious metal sector.
- 24:29This showed up on my Facebook feed from a local Saint Louis
- 24:32company. Attention, we're buying silver,
- 24:35right? We are still buying silver.
- 24:38People want silver, use silver. A buyer in St.
- 24:41Charles, MO. There you go.
- 24:42Right there. There.
- 24:43OK, guys, and be careful. Please.
- 24:48You are always asking me if I've never sold an ounce of silver.
- 24:53I can look you in the eye and say that OK, but if you ever
- 24:55decide to sell some silver, be careful.
- 24:58Get several quotes. Act like you're buying a car.
- 25:01I don't know what to tell you because you don't want to get
- 25:03ripped off. If you do decide to sell some
- 25:05silver and you're always asking me when to sell, my answer is
- 25:10for me, never. I have whatever silver I bought,
- 25:13which I store off site to me is a generational investment.
- 25:17But if you do decide to sell some dollar cost average out
- 25:21just like you probably dollar cost averaged in, right?
- 25:24If you decide to sell it all at once, you're taking a risk, OK,
- 25:28that the price could go up much higher.
- 25:30So if you sell some, you know, and the price goes up more, you
- 25:33can sell more if you want. If it goes down, you know, hey,
- 25:37you know, you, you, you, you, you, you didn't put yourself in
- 25:40a precarious financial position. All right, let's talk about
- 25:44let's this, this is interesting. The Fed don't believe the Fed?
- 25:48Look, 1971, Nixon took the United States off the gold
- 25:52standard. Biggest mistake ever since 1971,
- 25:55the dollar has lost 99% of its value versus gold.
- 25:59But what about the Fed? Right here, I've got some notes
- 26:01for you. I want to read this to you.
- 26:03Why We don't believe the Fed in 2011.
- 26:07And then we're going to talk about the Wall Street Journal.
- 26:09We're going to bust them in 2011.
- 26:12Ben Bernanke, who was the head of the Federal Reserve at the
- 26:14time, was testifying to Congress and talked about gold.
- 26:18He said it's not money. He said it's nothing but a
- 26:22tradition, OK. And he said it's not a reserve
- 26:26asset. Well, guess what, Mr. Bernack?
- 26:28Ben Bernack, as I used to like to call him, you're wrong.
- 26:31Gold and silver are money. They're way.
- 26:34Yeah, they're a tradition. They've been a tradition of
- 26:36being money. So you're right on that, on that
- 26:38point. And is gold, Let me ask you a
- 26:40question, Ben. Do you want to, do you want to
- 26:42revisit that? Is gold not a reserve asset?
- 26:45Because gold, now more gold is held by world central banks than
- 26:51U.S. dollars. So then how do you like that?
- 26:54Now one more. We got another one.
- 26:57Then we're going to say hi to you guys.
- 26:59It's incredible. Wall Street Journal, This is why
- 27:01you don't believe the mainstream media just nine years ago.
- 27:05I want to show you an article, a headline that came out from the
- 27:08Wall Street Journal and an article from the Wall Street
- 27:13Journal. Here it is right here.
- 27:16Title of the article. Make sure we got the right
- 27:19screen up. OK, let's be honest about gold.
- 27:23This is, by the way, here July 17th, 2015.
- 27:28Let's be honest about gold. It's a pet rock.
- 27:32And this was written by Jason Zuig, the Olds Uyghur.
- 27:38Let's see what he said, right? I can't read the whole article
- 27:41because I don't have the money to buy a Wall Street Journal
- 27:43online subscription. But it said gold.
- 27:45I'd rather buy silver. Gold is supposed to be a haven
- 27:49amid hard times and soft money. Soft money meaning money
- 27:54printing. So why even is Greece?
- 27:56Remember when Greece has defaulted, the euro has sunk
- 28:00against the dollar in the Chinese market.
- 28:03Has a stock market has stumbled? Has gold been sitting there like
- 28:06a pet rock, trading at the time at around $1150 per oz?
- 28:12Do you think Mr. Zwiggy Zwig wishes that he'd bought some of
- 28:17that pet rock when it was $1150 per oz?
- 28:22Because let's go look at that pet rock right now and see where
- 28:26we are. Oh my gosh, this real quickly,
- 28:28guys, we're looking at silver in the futures market, $76.50, but
- 28:35let's go look at that Pet rock gold and see how it's doing.
- 28:38Because it was $1100 when he wrote that article.
- 28:44And now I got this guy trying to give me discounts.
- 28:47That pet rock that he referred, I don't want that.
- 28:50Get out of here. That pet rock that he referred
- 28:53to is currently trading at $4580 per oz here.
- 28:57Let's pull up the chart. What year was that, 2015?
- 29:03We'll go back and see how things have gone.
- 29:06So here, let me get my let me get my crayons out.
- 29:09Hold on. Here is where the Wall Street
- 29:12Journal called gold a pet rock. I don't know.
- 29:19Am I seeing this is upside down or something?
- 29:21I think that pet rock has done pretty darn well.
- 29:24OK, guys, let me hold on here. Let me pull this up and wow, we
- 29:29got some super chats. Brian.
- 29:31Rap $10. Silver, gold and platinum will
- 29:33finally be acknowledged. Keep up the great work, Ron.
- 29:36Oh, oh, oh, hold on. Here.
- 29:39Here we go. Thank you, Brian.
- 29:41Brian. Yep.
- 29:43I'm going to get it up on the screen.
- 29:45There it is, Brian Rapp. Hey, good looking man.
- 29:48Looks like a Navy. Awesome.
- 29:50Thank you for your service and thank you for the Super chat.
- 29:52Susie and I appreciate it. And this one from Well Well
- 29:57Crow. I'm sorry I can't read too well,
- 29:59bro. Well Crow Wall 7620, another
- 30:03$10. Merry Christmas Ron and Susie,
- 30:05love the channel. Keep up the great work.
- 30:07Thank you guys for the Super chats never expected, always
- 30:10appreciated so thank you thank you, thank you.
- 30:13We put it to good use. We have twin daughters.
- 30:17I got another super chat. Oh, my gosh.
- 30:20Hold on here. That is awesome.
- 30:22Hold on and thank you, Susie. Hold on.
- 30:26I'm working on it, guys. I'll be right there.
- 30:28All right, this one from Wish I could read that Mister Snow name
- 30:36Snowdon Joel. Thank you, Snowdon Joel.
- 30:39Super appreciate it. Hey, guys, please subscribe to
- 30:41the channel. I forgot to mention that.
- 30:44Hold on. Hold on one second.
- 30:47I couldn't understand you, sweetheart.
- 30:48Go ahead. Never mind.
- 30:50OK. Pronouncing.
- 30:52His name? On but thank you Sir.
- 30:55Oh thank you. I'm sorry I if I pronounced
- 30:56anyone's today and. Say hi.
- 30:59OK, I got to ring the silver. Hold on.
- 31:01I got to get boy, we are going off the rails.
- 31:03You get to watch me disintegrate live on TV.
- 31:08Hold on. Well, I can't SH no name SH Nona
- 31:12Joel. Nonetheless, thank you.
- 31:17New all time high and silver. That is a real silver bell that
- 31:20somebody sent me. Thank you so much.
- 31:22Oh, before I forget also, where is it?
- 31:26If you want to do something nice, guys, check out.
- 31:29But here, hold on a second here. Hold on, hold on.
- 31:33Let's get this up. All right, Hope walks, OK?
- 31:37It's the holiday season. They're treating children all
- 31:40around the world who suffer from the birth defect of clubfoot,
- 31:44and they're doing an awesome job.
- 31:45Research this charity, do your own due diligence.
- 31:48I'm not being paid to talk about them, but they're doing great
- 31:52work all around the world. I believe in what they're doing
- 31:54100% and they've got a matching program going on.
- 31:58Oh man, I'm everywhere. I got to ring the golden gong
- 32:00and I got to say hi to some people.
- 32:02The golden gong. Hey, new all time high and gold.
- 32:08Okay, and all right guys, we got a record number of people on
- 32:13this live stream. Don't leave because now we're
- 32:16going to do something super fun, which will demonstrate to US one
- 32:20of the key strong components of why silver and gold are
- 32:24valuable. I couldn't understand you,
- 32:29sweetheart. I did.
- 32:32I rang the silver bell. OK, let me know where you're
- 32:40from and I will put your put your location and I will read it
- 32:44off in the in the chat. Oh, hopefully we're still alive.
- 32:51Too low. It's a record.
- 32:54Oh, some reason. The great Nate.
- 32:58Great to see you lead searchers, huh?
- 33:02It's not coming through London, Oregon.
- 33:05Here we go. Louisiana, Dartmouth, Nova, Nova
- 33:09Scotia, Massachusetts. Utah.
- 33:11A silver king. Thank you for the $5 super chat.
- 33:13Thank you, my friend. Australia.
- 33:17I'm sorry, guys. Hold your silver.
- 33:19OK? Texas, South Africa.
- 33:22My grandpa's from South Africa. South Dakota, Salem OR the 51st
- 33:26state. New Hampshire, Toledo.
- 33:28I've been there. I love Toledo, Montana, Arizona,
- 33:31$100 silver coming. Belgium, Honolulu, North
- 33:34Carolina, Poland. That's where a good couple good
- 33:39friends live in Poland. It's another South Africa, North
- 33:42Carolina. Florissant Co.
- 33:44I lived in Florissant, MO UK, North Carolina, Thailand.
- 33:48I've been to Thailand, Lovett, New Hampshire, The great
- 33:51north-south Dakota, Northern Ireland, Germany, India, Oxford,
- 33:56England, Toronto. Out.
- 33:58Man, are you getting the point here, guys?
- 34:00Russia. Wow.
- 34:03Chicago, that's where I went to college.
- 34:05Nevada, India, Alberta, Frankfurt, Germany, Michigan,
- 34:09Egypt. Wow.
- 34:11That's so cool that we are everywhere and that we get to
- 34:14get together down here in the basement.
- 34:16Talk about what we love. The bean.
- 34:19Mexico, India, Australia, Unbelievable.
- 34:22Egypt, West Virginia, Originally West Virginia, Slovenia,
- 34:26Maryland. You guys are choking me up.
- 34:29Hey, thank you for being here. Oh, please don't forget to
- 34:33subscribe to the channel. Hold on a second.
- 34:38How many? How many?
- 34:39505 hundred thumbs up. That's a record.
- 34:44Oh my gosh, let's bring the gong 3 more five times man.
- 34:53Historic times for gold and silver.
- 34:55Please subscribe to the channel. Thank you for the Super chance.
- 34:58Thank you for being part of this community.
- 35:00It is awesome. Thumbs up to you, right?
- 35:03This is only possible because of you because don't forget this is
- 35:06a cold, dark, dank basement. If it's not for you, we aren't.
- 35:09No sheeple. Don't worry, next time I'll do
- 35:11the sheeple noise. Have a great day.
- 35:13Happy holidays. Take care of yourself seriously
- 35:16and I'll see you. Yes, you next time.