Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **THIS is BIG!** 🦍🦍 SILVER Just had a MASSIVE Change... (COMEX Shock!) Gold - Precious Metals News

Transcript

**THIS is BIG!** 🦍🦍 SILVER Just had a MASSIVE Change... (COMEX Shock!) Gold - Precious Metals News · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
One year ago today, the silver price was around $30 per oz.
0:06
Today we're at what $72 per oz. We are experiencing A historic
0:12
run in the silver and gold price.
0:15
We are also experiencing when it comes to silver, historic levels
0:20
of volatility. But there's a big, big, big.
0:24
But to that we need to remember with silver, right, volatility
0:29
is not a bug, it is a feature, right?
0:33
It's part of the silver process. Volatility is also an inherent
0:39
part of any major move up in any asset.
0:43
Look at Amazon stock over the years, look at Microsoft stock,
0:47
look at NVIDIA stock, if you will.
0:49
All of them have gone way, way up.
0:51
But during that process, there were major pull backs.
0:54
We know for sure when it comes to the gold market and the
0:57
silver market, even during that 1970, the 1980 run in the silver
1:03
price when it went from $1.50 per oz all the way to $50, was
1:08
it 1974? The price dropped by like 47%.
1:12
So the volatility that we're experiencing today, while none
1:15
of us like it, right, I can put a phony smile on my face.
1:20
It's part of the process. And we're going to talk about
1:23
like 15 things about silver and gold that will tell us big
1:28
facts, big stories that give us evidence that this rally is not
1:34
over. That's my steadfast belief.
1:36
Let's go take a quick look at the silver price.
1:39
Get that out of the way. Take our medicine here, take our
1:42
blood pressure medicine before we do it.
1:44
So as you can see, I think it's came to come back a little bit.
1:48
We're about 7070, $2.00 and hold on a second, I have some tech
1:54
issues, $72.72, seventy 272. I think we like 8585 or 9999 a
2:03
lot better. But guys, again, this is part of
2:06
the process. Oh, and what's going on?
2:09
Well, it's happening, OK. Everybody said that when the
2:12
Chinese market closed for their Chinese New Year celebration,
2:16
the Chinese Shanghai Gold Exchange and Futures Exchange
2:19
are closed all week, that the the fine people at the LBMA in
2:24
London, England and the COMEX in New York were in charge of the
2:28
precious metals prices and that we would likely see a slam down.
2:32
For now, that's happening. I'm on record saying that by
2:36
this Sunday when we have our Sunday live stream that the
2:39
price will actually be up from last Sunday.
2:42
I could be dead wrong, but I still believe that we've got a
2:45
good chance of that happening. We'll see how it all plays out.
2:49
Let's go take a look at what's going on.
2:50
We got a lot to cover today, guys.
2:53
There's a ton going on in the world of precious metals and
2:57
we'll start here. This came from just Dario who
3:01
pointed out an incredible fact about what's happening in the
3:04
silver market. He said weirder.
3:06
FYI, this number is the 30 day implied volatility derived from
3:12
options on silver futures listed on the CME Group.
3:16
So this is the volatility measurement.
3:19
It's kind of like the VIX, if you know what that is for silver
3:22
futures. And it is like at at a massive,
3:26
massive high level, basically that's usually around like 40.
3:32
What that indicates is that there's future anticipation in
3:37
the futures markets that there's going to be big, big levels of
3:40
volatility. That's called the Sea Bowl.
3:43
You can see right there. And here's what it here's he
3:47
gave us a definition. The Sea Bowl tracks
3:50
forward-looking risk expectations on silver with the
3:53
CME Group Volatility index. That's called the Sea Bowl, a
3:57
robust measure of 30 day implied volatility derived from options
4:03
on silver futures. So what that's telling us is
4:06
that the big money, the big betters on the futures exchange
4:10
are anticipating big moves in the silver price again, right
4:15
today. It feels like that can only go
4:17
down, down, down. But guess what, guys?
4:19
It can also go up, up, up as well.
4:22
And look at this more crazy news.
4:24
This is from China about the premium people are paying for
4:28
physical silver in China. Hold on wrong one.
4:33
We'll get to that next. First we'll do this silver trade
4:37
reminds us there's only 10 days left until as much as
4:41
294,000,000 ounces of silver could stand for delivery at the
4:46
Comex. OK March silver open interest
4:50
dropped slightly on Friday down to 58,770 as 43% of open
4:55
interest has rolled forward to the May contract.
4:58
So we still have the situation where there's a large open
5:02
interest, but only around 100 million ounces in the registered
5:07
category at the COMEX, right. And some people are saying that
5:11
there's been a bank run on the COMEX, right?
5:15
And that, and that the COMEX is really the only real bank, as
5:19
ironic as that is, left in the United States because they're
5:22
the only ones who have any real money, that being silver in
5:25
their vault, but that there's now a run on that bank, a run on
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that COMEX registered silver in their vault.
5:33
So that'll be another interesting thing for us to
5:36
watch here in the coming few days.
5:38
Now, let's go to China. Man, there is so much happening.
5:43
We are just getting started here, guys, because this one
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massive shortage of physical silver persist in China.
5:50
The Shanghai physical silver contract is sitting at $99.73 an
5:57
ounce. OK, that is this one right here.
6:01
Let me get out my markers. I dug into this a little bit so
6:05
I could explain this. Hold on, I'm going to move this
6:10
out of the way. This right here is the physical
6:15
contract, the AG 99.99 and where we see that there is a $16.00
6:24
premium on that right now. That's the physical contract.
6:28
This one up here is like negotiable in terms of the when
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it can be delivered. And this one down here is
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obviously the Shanghai Futures Exchange, which is always for a
6:40
future delivery date. So the actual physical metal,
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according to this in China is going at $99 per oz.
6:48
Again, that was as of yesterday. Prices well in the US here have
6:52
changed, but it'll be interesting to see how that
6:55
plays out. And that was probably based off
6:57
of Friday's clothes. Now, another interesting quick
7:01
little reminder, public service. Hold on, hold on.
7:07
Now we're back. Hopefully you can see me and
7:09
hear me public service announcement, right?
7:11
This is a physical rally in silver.
7:15
Remember, guys, one year ago today, we had around $30 per oz
7:20
silver. A physical rally is what has
7:22
caused this to happen. And a lot of that has to do with
7:25
China. And we got a great, simple,
7:28
powerful reminder right here about why we are keeping a close
7:33
eye on China. This comes from Jeffrey
7:35
Christian's wig reminder. China has cut off 70% of the
7:41
global supply of silver. What does he mean by that?
7:46
What he means is China has implemented export controls on
7:52
silver. They're not letting silver go
7:53
out of the country. It's got they make they're
7:55
making it very, very difficult. But the reason why that's
7:59
important is because China refines between 60 and 70% of
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the world's global supply of silver.
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So the massive refiner, the country that actually makes the
8:12
metal right, makes the final process of getting the final
8:16
silver, is saying no, it's not leaving the country.
8:19
Yes, 60 to 70% right of the world's supply is now being
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hoarded, basically in China. Oh yeah, and by the way, they're
8:27
on a one week holiday. Hey, wouldn't it be nice to live
8:30
in China and get a whole week off for New Year's?
8:34
I like horses. You like horses.
8:36
We all love the horses. And what about a good, healthy
8:39
reminder of this? Do you know what this is right?
8:42
Is that a dollar? That's AUS dollar, right?
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Paper money, you know make believe money.
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Fantasy Island money. No, if you look closely on the
8:51
bottom of this you will see at the top and my finger's in the
8:55
way. Hold on here.
8:57
At the top it says see it right there, silver certificate and on
9:02
the bottom it says payable to the bearer on demand in silver.
9:07
OK, take a look. Take a look at this.
9:10
We got to remember we aren't collecting dollars.
9:13
We are collecting silver. Make gold.
9:16
Great up. Wrong 1.
9:17
Hold on, Hold on here. There it is.
9:21
We'll get back to that one. OK.
9:24
Legalized counterfeiting. Make sure we got you on the
9:28
right screen and we do OK. Legalize counterfeiting.
9:33
There's a dollar, right? A silver dollar.
9:36
What I just showed you is a receipt for a dollar.
9:39
Can we get that? That that's worse.
9:41
Let's go back. A receipt for a dollar, right,
9:44
which was what I just showed you, a silver certificate
9:47
payable to the bear on demand and silver, this is a
9:51
counterfeit receipt, right? Based on basically nothing,
9:55
guys, based on basically nothing.
9:57
Now, before we forget, man, we are all over the place.
10:01
Let's also remind ourselves of this when it comes to silver,
10:05
Make gold great again shared a powerful statement.
10:07
Silver is the most electrically conductive element on the
10:13
periodic table. And OK, which is great, that's
10:17
important, right? But our entire civilization is
10:21
built around electricity. And he says here and one ounce
10:25
of silver is currently cheaper than a pair of Nikes.
10:30
Man, when we think about silver guy, I mean, we have to
10:33
remember, right? Like this is we've called it the
10:36
energy metal of the future, right?
10:39
Oil used to be the what, what was the, the energy commodity.
10:43
Silver is the new energy commodity.
10:45
Whether you're talking about solar generation, whether you're
10:49
talking, and we talked about now twice about how what Elon Musk
10:53
said about solar. Sorry, I get those two mixed up,
10:56
solar and silver because there's so much silver used in solar,
11:00
but it's a fact, OK? Solar panel manufacturing is
11:04
continuing to explode and that really is the future of electric
11:09
generation. But but to realize right that
11:14
silver is the electricity, metal it is, it's like the new energy
11:19
commodity of the future. And then on top of that, there's
11:23
this other little fact that sometimes we maybe forget about,
11:26
right? That it has its huge monetary
11:29
component as well. Silver was used as money way
11:33
before gold was. Well, not way before, but
11:35
definitely before gold was used as money.
11:38
And now we're going to look, and then we got a ton to talk about
11:41
about gold as well. But let's go and just do a quick
11:45
reminder of this, right, the gold to silver ratio throughout
11:53
time. OK, let's go down.
11:55
Let's just pull the chart up and take a look.
11:57
Now currently, we're at about 6566 to one, maybe pushing 70
12:02
today. But guys, when we go back in
12:05
time, we see that right at times it was 2.5 to 110 to 1/15/16 to
12:14
one, right? And that's not that long ago,
12:17
not that long ago. Our current ratio, it's 65 to
12:20
one, given what we just talked about when it comes to just the
12:25
massive demand that we have right now in the world for
12:31
silver from both a monetary and from a industrial perspective,
12:37
makes the future look really, really bright.
12:39
We're going to watch today's video is sponsored by Massivo
12:42
Silver. I've got about a 5 minute video
12:44
for us to watch that covers what's going on in silver and
12:47
the junior mining sector as well.
12:49
And then we're going to come back and talk about more about
12:52
silver, but some crazy facts about gold as well.
12:55
I'll be right back. What if I told you a billionaire
12:59
resource investor has quietly invested in a tiny $10 million
13:04
market cap? Silver Explorer while the rest
13:07
of the world is distracted by headlines?
13:10
We all know the price of silver has been on an incredible run,
13:14
and for good reason. But here's a secret only the
13:18
pros know. Billionaires like Eric Spratt
13:21
just don't buy physical bullion once the price is already moved.
13:26
They buy the small cap miners before the crowd shows up.
13:31
Today we're talking about Mcevo Silver.
13:34
It's a micro cap explorer with a 10 million market cap,
13:39
billionaire backing, and the drill rigs are turning right
13:43
now. If you've been waiting for a dip
13:45
in the silver bull market to get positioned, this is the setup
13:49
you need to see first. Let's take a look at the big
13:53
picture. We saw silver surge 50% in
13:57
January alone. We've had a recent pullback with
14:00
the broader market, but don't let that fool you, the
14:04
structural bull market is just getting started.
14:08
This isn't just speculation. We're seeing a massive widening
14:12
supply deficit. HSBC expects that deficit to
14:16
grow even further this year. Why?
14:20
Because silver isn't just a precious metal anymore.
14:24
It's the green gold of the energy transition.
14:27
Between the explosion and solar panel demand and the
14:31
electrification of the global EV fleet, industrial demand is
14:36
cannibalizing supply. When you have record demand
14:40
hitting a wall of limited supply, the price has only one
14:45
way to go. We've had a massive rally and
14:48
we're now seeing a healthy dip. Historically, these pull backs
14:52
are the ultimate entry points. Now you can buy physical silver
14:57
and you'll likely do very well. But if you want torque, if you
15:01
want to outperform the metal itself, you look to the junior
15:06
miners. When silver goes up 2X or three,
15:10
XA successful Junior Explorer can move 5X10X or more because
15:16
of operating leverage. Investors look for early stage
15:20
companies that can benefit most from higher prices and new
15:24
discoveries. That's exactly where Mcivo
15:28
Silver fits in. They offer early stage exposure
15:32
in the best neighborhoods, Mexico and Nevada.
15:36
So why Massivo specifically #1 the jurisdictions they're
15:42
exploring in Mexico and Nevada, the heavyweights of silver
15:47
production #2 the catalyst They're currently drilling their
15:51
flagship project in Mexico. In this market, 1 positive drill
15:56
hole can re rate a stock overnight #3 the structure.
16:02
They have a low share count in a tiny $10 million market cap.
16:06
Because they're so small, even a modest discovery could lead to
16:11
outsized gains. A big green flag for me is
16:16
following the smart money and Masebo silver counts.
16:20
Eric Sprott is one of their stakeholders.
16:23
He's a precious metals mining investing legend and when a man
16:28
with his track record takes a position in a 10 million market
16:32
cap junior silver explorer, you have to ask yourself what he
16:38
sees that the retail market hasn't yet noticed.
16:42
Look, most people chase silver after it runs the smart money
16:47
positions itself while the rigs are turning and the market is
16:51
quiet. Mcivo Silver is a rare set up.
16:56
You have billionaire validation, a tiny market cap in active
17:01
drilling in a structural bull market.
17:04
If silver keeps climbing, stocks like Mesievo can move way faster
17:09
than the metal itself. I'm super interested to watch
17:13
how the story develops with Masevo Silver.
17:17
Do your own due diligence and watch those drill results
17:20
closely. The silver bowl likely isn't
17:23
over, it's just getting started. Masevo Silver stock is traded in
17:30
Canada with the symbol MASS and in the United States with the
17:35
symbol GNYPF. You can also learn more about
17:41
the company at their website massivosilver.com.
17:47
I am not a financial advisor. Always do your own research.
17:50
Always be responsible before you make any investment or financial
17:54
decisions. Speaking of investment
17:56
decisions, what about Warren Buffett, right?
17:58
The guy that gets all these accolades as being so smart, Do
18:02
you know he said some very negative things about precious
18:05
metals. At one point, Warren Buffett
18:07
actually owned a lot of silver. I think it was back in the maybe
18:11
the mid 90s, if I remember correctly.
18:13
But he's really bashed gold. And there's a super interesting
18:17
statistic that came out. See if I can find this for us
18:21
right now. And Nope, that's not it.
18:26
Hold on here. OK, here it is right here.
18:31
This is going all over, Golden said.
18:33
Thank you silver trade. You've got a lot of good
18:35
information today, Warren Buffett said gold has no
18:38
utility. OK?
18:40
However, it has now dramatically outperformed Berkshire Hathaway,
18:44
right? That famous investment fund
18:46
headed by Warren Buffett since 1998.
18:50
For those unfamiliar with Warren Buffett's hatred of gold, he
18:53
stated this in a speech in 1998. Quote gold gets dug out of the
18:58
ground in Africa or place, then we melt it down, dig another
19:03
hole, bury it again and pay people to stand around guarding
19:07
it. It has no utility while
19:09
hilariously that gold with no utility if we look at this chart
19:14
is actually gold is the red line on this chart is actually far
19:18
outperformed Berkshire Hathaway going back to 1998.
19:23
Now there's some other crazy news.
19:25
We're going to talk about gold because gold right Gold is the
19:29
granddaddy grand is the grand pupa of the precious metals, no
19:33
doubt about it, and there's some crazy bets being made in the in
19:37
the options market on the gold price.
19:40
This is another story that's getting a lot of attention
19:44
within the precious metals market.
19:47
Gold 20,000 calls OK These are options surged to 1111 thousand
19:54
contracts deep out of the money December gold contracts.
20:00
For the 15,000 to $20,000 call spread are surging.
20:05
Who exactly is betting on gold 3X and 4X from here?
20:09
So what a call spread is just so you know what that person or
20:13
persons is doing, they're basically making a bet that by
20:17
December the gold price is going to be between 15,000 and 20,000.
20:23
They, to get technical, they buy a call, which is a contract that
20:26
allows you to buy something at a certain price out of at a, on a
20:30
certain date. They're buying a call for 15,000
20:34
and they're selling a call for 20,000.
20:37
OK, So if the price goes from somewhere between 15 and
20:40
$20,000, they're in the money. If it goes above 20, they don't
20:44
get to participate in that game. But the big key take away here
20:47
is there's a massive number of contracts.
20:50
Somebody's making a huge bet that by December we're going to
20:54
get the gold price between 15 and $20,000.
20:58
Let's go look at the gold versus the NASDAQ man there.
21:01
It's just we got a lot more to cover.
21:03
Guys, I appreciate you being here, especially on a rather
21:07
dreadful day in the markets. Jordan, Roy Byrne, one of
21:10
everybody's favorites put this out Gold right screen.
21:15
Yeah, there we go. Gold quietly hit a nine year
21:18
relative high versus the NASDAQ last week, another sign of
21:24
rotation beneath the surface. So gold is outperforming the
21:29
NASDAQ or and from a relative height not outperforming.
21:33
Let me back up. It may be outperforming, but on
21:35
a relative basis, it hit a nine year high in terms of gold's
21:39
performance versus the NASDAQ. More fun, Let's go to this one.
21:46
Kinesis Money put this out, OK. Since 1970, the US dollar has
21:51
lost 88. Wrong screen.
21:54
There you go. Since 1970, the United States
21:57
dollar, right? Not that thing that I showed you
21:59
earlier, that was a silver certificate, but the US dollar.
22:04
And that's right about when Nixon took the United States off
22:07
the gold standard. Since then, the dollars lost 88%
22:11
of its value, while gold is up 3000%, which is what, 30X, not
22:19
30%? Thirty times.
22:22
Holding cash destroys purchasing power.
22:25
Holding gold preserves it. And here's more proof right
22:29
here. Or ma'am, this is some really
22:32
great interesting information. Cole Woundsley says this is
22:37
insane. And OK, listen to this.
22:39
In 1971, gold was $43 per oz. The average hourly wage was
22:46
$3.70. The amount of time you needed to
22:49
work to buy one ounce of gold was about 11.6 hours.
22:54
So you need to work about 12 hours in 1971.
22:58
Twelve hours to buy one ounce of gold?
23:00
What about today? Gold's around 5000 an ounce.
23:04
Average hourly wage $28.00 time needed to buy one time of a
23:10
number of hours needed to be worked to buy one ounce of gold
23:14
today, 180 hours. Wow, that just shows us how much
23:21
things have changed and how much in in real terms and nominal
23:26
terms, the value of the dollar has just gone down the tube.
23:31
So that's crazy. 1971, I was one year old.
23:35
My dad could work if he was making the average wage for 12
23:39
hours, let's say, and buy an ounce of gold today.
23:42
Me, if I'm working, if you're working for the average hourly
23:46
wage of $28.00, you're going to work.
23:49
I'll probably 15 times more hours.
23:53
OK, unbelievable. But do you think we can tie that
23:56
into silver? Because nobody's going to have
24:00
jobs. If you heard about AIAI is going
24:03
to take everybody's job, will take my job.
24:05
I don't know, Maybe I can just have an AI.
24:07
Ron, I'm. By the way, I want to clear
24:09
something up with everyone out there in the gold and silver
24:11
community. I was the AI, gold and silver
24:16
guy before anybody else. When I first started, people
24:19
accused me of this being AI. This is real.
24:22
OK, I'm going to prove it to you right here.
24:26
My regular channel sponsor first Mint.
24:28
That's a real sign. I'll bang it against my head for
24:31
you. But now what they're saying and
24:34
thank you to my regular channel sponsor first mining gold as
24:36
well. They're saying AI is going to
24:38
take all our jobs. But what does that mean?
24:40
There's a, there's a, there's a good news for you silver
24:43
stackers out there because AI is going to take everybody's job,
24:46
right? That's, that's what they're
24:48
telling us. That guy from Microsoft said
24:50
within five years. But what does that have to do
24:52
with silver? Well, our good friend make gold
24:55
great again again. He's always knocking it out of
24:58
the park. He says right there, artificial
25:01
intelligence will take my job, but artificial intelligence will
25:06
need my silver. Checkmate, Mr. So while
25:14
everybody's talking about AI taking all the jobs and it won't
25:17
take all the jobs, and who knows how that plays out, but what
25:20
they're forgetting, right, is that all this tech, remember
25:23
earlier we talked about, right, that that silver is the most
25:27
electrically conductive metal on the face of the Earth, period.
25:31
OK, so microchips, all these electronics that are needed, all
25:35
the power, electricity that's needed to back up all this
25:41
massive AI revolution that we're having, it all needs silver.
25:47
They need solar panels to create the electricity that goes into
25:50
the what are those called server farm where they got a bunch of
25:53
computers that need a bunch of silver.
25:56
So yeah, sure, AI can take our jobs.
25:58
But those, those silver stackers, sheep, sheep noise
26:02
warning those silver stackers out there like you, right?
26:05
And you're just a small part of the US population, right?
26:09
You're going to be OK. Those other people, the other
26:12
98% when they want to come join. Well, there's just not going to
26:15
be too many seats left at the table.
26:18
I mean, we've already got, I mean the, the retail silver
26:23
market is so sensitive, the slightest bump.
26:26
We know the big online bullion dealers are still saying
26:30
shipping delay, shipping delays. But when those people who we
26:33
like to affectionately refer to as the sheeple sheep noise
26:37
warning when they show up looking for silver, well, they
26:44
may not have jobs because AI took it and there's not going to
26:47
be any silver left because you took it.
26:50
And China, who keeps hoarding that 70% of the world silver.
26:54
Speaking of China, Speaking of the dollar, look at this.
26:57
I didn't realize that it got in this grim guys, China is exiting
27:02
the system. This comes from Weimar X 1.2
27:06
trillion of U.S. dollar exposure just got erased from China's
27:11
balance sheet. China's we're going to look at a
27:13
chart. China's foreign exchange change
27:14
reserves dumped from 4 trillion down to 3.3 trillion.
27:19
China's U.S. Treasury holdings dumped from
27:22
1.3 trillion all the way down to 683 billion.
27:27
And at the same time, China's gold holdings jumped pumped to
27:32
about 74 .19 million oz. Wow.
27:38
And about or about 370 billion. They're loading every free
27:43
billion into gold. That's the that one fact
27:46
explains a lot. OK, here, let's go down and just
27:48
look at these charts. Unbelievable.
27:51
This chart, OK, the red line shows China's U.S.
27:55
Treasury holdings. I mean, look at this 2005,
27:59
right? That's not that long ago even
28:01
probably in through 2010, they were all the way up here, 29%
28:07
now all the way down to 7.3%. Do you see the downward trend,
28:13
however, however, right, The Purple line represents China's
28:19
gold holdings as a percentage of their total holdings.
28:22
Do you see a trend here going up and up and up?
28:27
I don't want doom and gloom for the US dollar.
28:29
I love this country. I was born here.
28:32
I love what our founding fathers laid out for us.
28:35
Those guys made major sacrifices and they put gold and silver in
28:39
the United States Constitution. But the reality is what it is.
28:44
And China, you know, the whole deal we had with China, China
28:47
was, yeah, sure, we'll let you ship all your all your
28:50
manufactured products over here during the 80's, the 90's, the
28:54
last 20 years, OK. But the deal is China, if we buy
28:58
all that stuff from you and we give you dollars, you need to
29:02
buy U.S. Treasuries, OK.
29:03
We did the same thing with oil with the Saudis in the Middle
29:06
East. Now everybody's kind of calling
29:09
monkey and saying, you know what, we don't know that we want
29:12
to put all of our money into AUS treasuries anymore.
29:16
It's going to create a situation where nobody is.
29:20
Look, the national real simple is key to understand the
29:23
national debt is exploding. I read something the other night
29:26
that it's going to go up like 2.5 trillion a year from to
29:29
like, I don't know, the year 2036 crazy.
29:33
Like, we're going to be at 60 trillion before we know it.
29:36
But the key thing is like that debt is huge.
29:39
The interest expense is huge. But it's all happening at a time
29:43
when the world is saying, you know, we're not, we're not so
29:47
interested anymore in buying your debt.
29:50
OK? What's gonna only thing that can
29:52
work in that situation is our old friends at the Federal
29:56
Reserve turning on the printing presses, printing money and
30:00
buying the debt themselves, creating dollars out of thin
30:03
air, OK, and using that money to buy by the debt.
30:07
That's called monetization of debt, that monetizing the debt.
30:11
The big take away out of all that is that that will only
30:14
continue to decrease the real value of the US dollar, what it
30:20
really can buy. And that will be a huge, huge
30:24
support factor and hugely beneficial for the price of gold
30:29
and silver if we choose to use the US dollar is the yardstick
30:33
by which we measure the price of the of the asset.
30:36
Let's talk about the $6000 club. I've been meaning to share.
30:40
I apologize. I've been meaning to share this
30:43
with you guys for really for months and months.
30:45
Oh, and by the way, I forgot to ask you, please subscribe to the
30:48
channel. We're still running that special
30:50
for you through 2026. It's free to subscribe to Ron's
30:55
Basement. We don't charge for anything.
30:57
You give us your time, You give us your camaraderie.
31:00
You give us great comments in the comments section.
31:03
OK? The least we can do is give you
31:06
some fun here in the basement. Seriously, it's a big deal when
31:08
you come here. Let's talk about $6000, the
31:12
$6000 Gold Club. Hold on, you pull this up.
31:16
I'm going to slow down. OK?
31:21
This came from metals and miners, and this was from I've
31:24
been meaning to share this for a long time.
31:26
There's just so much going on. But the the big thing here is
31:29
all the big banks that are calling for $6000 gold.
31:34
All right, let's start at the top and read through these
31:36
together. JP Morgan is calling for 6000,
31:40
Deutsche Bank, UBS, right? That's the big giant Swiss bank,
31:45
Switzerland member, secret Swiss bank accounts, Bank of America,
31:49
the giant American bank Jeffries, and there's more are
31:53
all in on the falling dollar. Think you know, they call that
31:56
the debasement trade. And we coined that phrase like 3
32:00
years ago down here in the basement.
32:02
We said it's debasement trade, the dollar going down and gold
32:05
and silver going up, central banks increasing in retail.
32:09
Stampede is coming. OK, So we won't even dive any
32:13
deeper into that, guys. But let's just say that those
32:16
big banks are calling for at least $6000 gold.
32:19
But then we get this one from Business Insider.
32:23
Right now, JP Morgan is saying that the gold price can recover
32:27
and search 34% by the end of the year.
32:30
They're calling for, oh, shoot, hold on here, let's get rid of
32:35
that. They're calling for 63.
32:38
The $100 ghost is the chart for gold might look scary after last
32:41
week's plunge, but JP Morgan says investors shouldn't bail on
32:45
the yellow metal. And here we go.
32:48
The investment bank. I highlighted the investment
32:52
bank updated it's 2026 price target for gold to $6300 per oz.
33:02
So guys, when we think of, let's think about everything going on
33:05
in the world geopolitically, OK, geopolitically, what's going on
33:11
in the world? Remember last week the gold
33:14
price plunge was because Russia was suddenly going to start
33:17
using the dollar again. And then a couple days later,
33:21
the Tasks news agency, which is the Russian news agency, it came
33:26
out and said, no. That Bloomberg report, we don't
33:30
know what they're talking about. If they're the head of their
33:33
central bank, came out and said we have no conversations going
33:36
on about going back to the dollar geopolitically.
33:39
Check, right? Things are more tense now than
33:42
ever. A lot of that is caused by the
33:44
second factor, which is super important.
33:47
And that is the financial condition not only of the United
33:50
States, but of the entire world. It's not just the US, it's all
33:54
the Western Fiat countries, right, that are just printing
33:57
money. They're all, they're all in the
33:59
situation where everyone's falling in real value
34:03
simultaneously. Yeah, sure, you can look at the
34:05
DXY index and compare them to each other, but it's like, I've
34:10
heard somebody once say it's like, it's like 4 guys jumping
34:13
coming off the top of the Empire State Building and they're all
34:16
falling. And the one guy's like, well,
34:17
I'm falling the slowest, right? It doesn't matter.
34:20
Geopolitically, the world's a mess.
34:22
Financially. The world's a mess when we focus
34:25
in on silver in particular, right?
34:29
Think about this. The cherry on top for silver is
34:32
so not only because of those two factors that is silver
34:35
positioned to do well, but we also have the fundamental factor
34:40
of the industrial demand for silver.
34:43
The fact that China, like we talked about earlier, refined 60
34:46
to 70% of the world silver and they're not they're they're
34:51
hoarding it. Thank you upstairs, Susie.
34:54
OK, sounds good. That's for those of you who are
34:56
new. That was upstairs, Susie.
34:59
That's my lovely wife and assistant.
35:01
I will get to the Super chats it it's the future looks good.
35:05
OK, the future looks good. Let's go out and take a look.
35:08
I want to say thank you, super chats.
35:12
Never, never expected, always appreciated.
35:15
So thank you, my hey, renegade designer.
35:18
Thank you. Thank you, my friend.
35:20
I appreciate that. And then we've got another one
35:23
here from Dean EBA. You can watch me struggle here,
35:27
guys. I'm going to try to see if I can
35:30
read this. My eyes are getting bad.
35:32
What is your price prediction for silver by the end of the
35:36
year? Oh man, you're putting me on the
35:39
spot. My previous price prediction for
35:41
silver, which I came out with in late 2024, was that we would hit
35:46
$65 by April Fool's Day. I didn't mean that the price of
35:51
silver was going to go to 120 and then come back to $65 by
35:55
April Fool's Day. But back in October, September
35:59
of last year, I think we all would have been really happy to
36:03
see $65 by April Fool's Day. I'm not avoiding your question.
36:09
I'll, I'll answer your question this way.
36:12
When I look at the end of the year, December, you know,
36:16
December 31st, 2026 and I think of everything going on out
36:21
there, all the different factors, I would say that we're
36:25
either going to be, I'm not going to give a range, but I'll
36:27
say I'll give 22 areas we're either going to be at.
36:31
I'll give the bad news 1st $65 per oz.
36:35
I stick by that 66, $65 per oz or or we are going to be in the
36:41
mid to high 90s OK 90949897 somewhere in that range per oz
36:49
for silver by the end of this year.
36:51
I want to reiterate long term, I believe me personally when I
36:55
look out three, five, if you asked me what are where I
36:59
thought the silver prize is going to be 8 years from now, 8
37:03
years from now, I would say $800, six years from now, 600,
37:09
OK, seven years, 700. And of course those aren't exact
37:14
predictions, but those big numbers is when we, when I look
37:18
at what's happening right now, when we're when, if we're going
37:23
to, if we are going to price silver in U.S. dollars, what's
37:26
happening again, geopolitically, financially, monetarily,
37:31
fiscally in the world that when we go out five, 10-15 years.
37:36
That's why we always talk about silver and gold are generational
37:40
investments. People people who ask me about
37:42
how to how to sell silver, I can tell you how to buy it.
37:46
OK, you might check out channel sponsor first met.
37:49
That's a great option right? Always pay close to spot when it
37:52
comes to selling silver. I have no clue.
37:55
I mean I know right? I have a local coin shop called
37:58
Scotsman coin. They publish a list of what
38:00
they'll pay for different silver products, whatever.
38:03
But I'm not the silver selling guru cuz I've never sold an
38:06
ounce of silver. Any silver I bought a store, I
38:10
stored an off site location. I have never sold it because I
38:14
look at it as a generational investment.
38:17
I want to reiterate because I I, I my truth don't make any
38:21
financial decisions. I'm not a financial advisor, but
38:25
when I look out five years, 10 years, 20 years into the future,
38:31
right? And at that point, I'll be 75
38:33
years old, I think I'll be down here, we'll be visiting
38:35
together, and we will have silver prices that we could
38:39
never even imagine. OK, we guys remember a year ago
38:44
today, silver was at $30 per oz. We could not even imagine that
38:50
we'd be on this live stream together crying because silver's
38:55
down. Let's go, let's do an update.
38:58
Let's make believe it's one year ago and we go check the silver
39:02
price. Hold on here.
39:05
OK, Yeah, OK. We're at $72 per oz right now in
39:09
the spot market. 7241. We would not have believed that
39:14
a year ago. You would have said I was crazy
39:17
if I'd sat down here one year ago and said I think that in a
39:20
year the silver price is going to be over $70 per oz.
39:24
My my inbox would have filled up with people saying you're a
39:27
silver pumper. You're just, you're just trying
39:30
to sell silver. By the way, it like I am
39:33
sponsored by First Mint, but I don't get any kind of Commission
39:37
off anything you guys buy. OK.
39:39
But I love First Mint. They're owned by First Majestic.
39:42
I love First Majestic. Great company and I feel 100%
39:46
great. And the best part is that you
39:48
guys that have worked with First Mint that have bought silver,
39:51
I've received nothing but positive, outstanding feedback.
39:56
So anyway, take care, OK? Thanks for being here.
39:59
Don't forget, please subscribe to the channel, give the video a
40:02
thumbs up. Say hi to upstairs, Susie.
40:04
She loves you guys. OK, Number one, take care of
40:07
yourself. Be good.
40:08
We're going to be OK. That's what I believe.
40:11
We've said that for years down here that we would navigate the
40:14
choppy waters of the precious metals.
40:17
And that we do it together. It's a big honor.
40:19
When you join me down here in the basement.
40:21
Take care and I'll see you. Yeah, you.
40:23
I see you. I'll see you next time.