Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 DON'T WORRY! 🚨 Silver and GOLD Investors Look forward to THIS - (precious metals news update)

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🚨 DON'T WORRY! 🚨 Silver and GOLD Investors Look forward to THIS - (precious metals news update) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
In my mind, there's no doubt that we will have $50 silver
0:05
much sooner than most of us can even fathom even realize.
0:10
We got a big show today, a lot to look at.
0:13
That to me indicates to us we are in for good times ahead.
0:18
For the silver price and the gold price, we're going to do it
0:20
all together. Don't forget, you can subscribe
0:23
to the channel that's free. Leave a comment in the comments
0:25
section. I appreciate you being here.
0:27
This is not possible without you.
0:29
You choose to be here. I honor your time.
0:32
Let's dig right in. So today, and we got a ton to
0:36
cover guys. So today the big news story was
0:39
inflation was up. What is it PPI that's making the
0:43
silver price and gold price go down?
0:45
Let's go take a look at the headlines coming out right now.
0:50
Wholesale prices rose .9% in July, much more than expected,
0:54
yadda yadda yadda. I mean, all this data, it's all
0:58
suspect. We know the big picture.
1:01
I want you to bookmark this because we're going to talk
1:03
about this more later in the show.
1:06
But the outlook for silver and gold long term, when I say long
1:10
term, I mean the next month, year, five years, 10 years has
1:15
never been better. And we're going to look at the
1:17
charts here next. But really this economic data
1:21
that they're putting out at us, I mean, unless you're one of the
1:25
sheeple, right, you know, it's all a bunch of bunk.
1:28
We got to keep our eye on the big, big picture.
1:31
And when we look at the silver price and the gold price, which
1:34
we're going to do right now, and we look at a chart of let's say
1:38
six months and five years, it is crystal clear to me, to me that
1:43
we are heading higher and higher, right?
1:45
I'm the guy who sat down here and had a blindfolded bear for
1:49
two years saying that I thought gold would go to $2500.
1:53
And we were, we were mocked, were made fun of by people said
1:57
we were fools. I was called a shill.
1:59
Okay, I was called every name in the book.
2:01
And look at where the gold price is now.
2:04
And let's go take a look at where the gold price is.
2:06
And then we're going to look at some well, you know what?
2:08
First, let's look at some crazy stuff for silver because this is
2:11
actually quite exciting to look at.
2:15
This one blew me away. I want to give proper credit
2:18
here. This came from X and it was a
2:21
post from our good friend the Gladiator.
2:24
And he's a big account for silver and gold on X, 40,000
2:28
followers on X. But he said if you just zoom
2:32
out, you'll see a generational type move coming in silver.
2:36
But there's something, there's a double whammy on this chart,
2:39
guys that I want to show you. And he says this is where
2:42
futures are are made. Obviously, what we're looking at
2:45
here for anyone who's been in the basement for more than a
2:48
week, is the cup and handle pattern a draw it on the screen
2:53
for you. This, OK, this is a long term
2:56
chart of the price of silver probably goes back to, I don't
2:59
know, 1970 or something. This is 1980, this is 2011.
3:06
This is now, OK, let's erase all of that and this is the cup and
3:13
handle. Starting in 1980, going to 2011,
3:18
we made a cup and this is the handle, OK.
3:22
Now what's critical this year is that we, because these are one
3:27
year candles is that we end the year above this level.
3:32
I think we're going to end it somewhere up here, OK, in the 50
3:35
to $60.00 range and be completely broken out.
3:39
But what's double interesting about this chart, OK, we just
3:42
looked at that long term cup and handle starting back in 1980.
3:46
Do you see another cup and handle starting in 2011 and
3:51
going through today? Yes, it's like one of those
3:55
Russian nesting dolls. It's a cup and handle within the
3:59
cup and handle. And I think, you know, everybody
4:01
likes to talk about this quote UN quote textbook cup and handle
4:05
that started in 1980 and it's awesome.
4:08
It's unbelievable. Yes, no doubt about it.
4:10
But I would argue that we also have a cup and handle within the
4:15
handle of the long term cup and handle.
4:17
With your head spinning right now, don't worry about it.
4:20
Just think about one of those Russian nesting dolls and think
4:23
about silver price going to levels that you can only only
4:26
imagine. The other thing about silver
4:29
that we haven't talked about for a while is the gold to silver
4:32
ratio, which is also acting in our favor.
4:36
Let's get that pulled up here. Here we go.
4:39
This chart I want to give credit, I downloaded from
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goldprice.org and what we can see on this and no uncertain
4:48
terms, still unbelievable, what color should we use?
4:51
How about green? I think green will stick out for
4:54
our viewing pleasure. This is a chart of a current
4:57
chart, a three day chart of the gold to silver ratio.
5:00
What that ratio tells us is how many ounces of silver it takes
5:04
to buy one ounce of gold and it is at still historic high
5:10
levels. There we are right there, guys,
5:13
probably, but we're just going to say 88.
5:16
Yes. Let me ask you a question.
5:21
Are you willing to trade 88 ounces of silver for one ounce
5:27
of gold? Here's a beautiful, beautiful
5:31
Las Vegas silver round from our channel sponsor, First Met.
5:36
Are you willing to give up 88 ounces of silver for one ounce
5:42
of gold? Don't get me wrong.
5:44
You know you know I love silver. I just love this stuff.
5:46
This is the most beautiful here. Look at the back of this the
5:49
back of it. This one has like a oh, the
5:53
roulette wheel. Look at that.
5:56
Let me get different angles for you.
5:59
Are you going to trade 88 ounces of silver for one ounce of gold?
6:03
Again, I love gold, no doubt about it, but man, I love silver
6:08
as well. And to think of trading almost
6:10
90 ounces of silver for what that tells us.
6:13
The reason why I'm emphasizing that is the fact that that is a
6:17
historic high ratio. You know, some people say
6:21
historically it's been 50, some people points it's been as low
6:25
as like 3 and two, right? When we look over whatever, it
6:28
depends on what period of time you look at.
6:31
But no matter what period of time you look at, that's high.
6:34
Let's just say we get to 50, OK, And let's say we have a 33.
6:39
Oh, I forgot to do an update of the silver and gold price.
6:41
I'm sorry, guys. Let's do.
6:44
We'll do it right now. We'll do it on this.
6:46
This is Kitco. There's the current gold price.
6:50
You can't see that, can you? Why can't you see it?
6:53
There it is $3338 if we divide that.
6:59
And let's look at let's do this first, then we'll look at
7:01
silver. But if we divide 3308 $3338 /
7:10
50, that would mean that we'd be at a silver price right now of
7:14
$67 per oz. But what is the silver price
7:18
right now? Oh, it is 38.
7:22
There you go. Can you see that?
7:25
There we go, $38 per oz. Thanks to our friends at Kikko.
7:29
What that tells us is a when we look at the, when we look at the
7:32
cup and handle, when we look at the the Russian nesting doll cup
7:36
and handle within the handle of the current cup and handle.
7:39
And when we look at things like the gold to silver ratio.
7:42
And when we look at the the fact that the world has a silver
7:46
deficit the last five years, when you look at the fact that
7:49
output from silver mines is going down, how can we not get
7:53
where is he? There he is right there, huh?
7:56
There's the silver bear. We need to unblindfold the
7:59
silver bear, which as you may be able to see right there, his
8:03
blindfold says $85 per oz. Now I want to remind you, OK,
8:07
and a lot of you long term basement dwellers know this.
8:10
For years the Big Bear there had a blindfold on that said $2500
8:16
per oz and we thought it would never come off.
8:19
We were crazy. Well, guess what?
8:20
It came off right And I don't think it's ever going back on,
8:24
although I did keep it just in case.
8:26
Can you imagine $2500 gold? I mean, we can't rule anything
8:31
out. And you know what the big thing
8:32
is? We'd be OK, right?
8:34
Because we know long term, long term, everything is beautiful.
8:39
The dollar index is going down. We're going to spend about 30
8:42
seconds looking at that today. It's up.
8:46
But guys, we are still with the dollar index.
8:51
Wrong chart, wrong charty chart, chart.
8:54
Hold on here one second. There it is.
8:58
There's the DXY index and we got to get the right screen up.
9:02
Here we go we're at 9824 big up day in stop moving screen.
9:09
Jeez. OK, there we go 9823 big up day
9:13
in the dollar index, right .4%. That's a pretty massive move.
9:17
But guys, but but, and I promised you 30 seconds.
9:21
We got to keep this in perspective.
9:24
We broke below 100. Oh wait a minute, I wanted to
9:27
show you this. It's been a little while and
9:30
we're looking at a six month chart, not wrong one.
9:35
How about 3 months? Maybe that's where Nope.
9:40
Hold on, hold on, hold on six month.
9:43
Try that again. One year.
9:47
All these charts, right? The dollar index is down.
9:50
We attempted several times to get below 100, and eventually
9:57
that happened. Here we go.
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This is the chart. I apologize.
10:02
I apologize. You know, we're doing this live.
10:05
There's 100 right there. OK?
10:07
I mean, remember, we were, we were bouncing around trying to
10:11
get below 100 once. We almost tried twice, 3-4 times
10:16
and maybe two or three or whatever.
10:18
The point is, we now are below 100 and still pretty handily
10:23
below. It's going to take a lot to get
10:24
the dollar index back above 100. Now what I want to show you
10:30
quickly because this is where this is where silver legends and
10:35
gold legends are born. OK, I can't resist myself.
10:41
Don't get mad at me. Complain to Susie.
10:43
Send her a message if you want to complain about me.
10:46
That red line is right about at 100 as you can see.
10:49
OK guys, the dollar index has barely been above 100 much over
10:53
the last 45 years. However, what is so cool, where
10:58
silver legends are born is in this period right here from
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about 2000, 2001 through about 2011.
11:09
During that period, the DXY went down OK, and the silver price,
11:13
for instance, went from $5 per oz.
11:17
Hold on, we got some issues here, some connectivity issues.
11:20
Anyway, the silver price went from $5.00 an ounce all the way
11:24
to $50 per oz. I wanted to pull up, darn it, I
11:28
want to look at it. Let's just, let's look at
11:30
something quickly. One more chart.
11:32
We're going to look at the silver chart right now.
11:36
We got you. There you go.
11:37
We're on the right screen. OK.
11:39
This is a 5 year chart of silver.
11:42
Just to put things into perspective, I know today's a
11:44
down day, but just go back about two, 2 1/2 years ago and look at
11:51
this trend that we have going in the silver price, OK, We got to
11:57
take stock on a long term basis. Now if we go and look at a six
12:02
month chart of silver, all right, what we can see is that
12:09
since about June, so we've been about what 3 months now, let me
12:14
draw some lines on here for you, make it a little more clear, OK,
12:19
we'll say about right there. All right, we broke above that
12:23
level. This is in the futures about the
12:25
35 level. And guys, we have been we have
12:29
been basically consolidating since what the beginning of
12:33
June, so June, July, August, 3 months, right, we've been
12:36
consolidating in this area between that 35 and let's say 39
12:42
range right about on average where we are right now.
12:45
So we are looking good on silver.
12:47
What's important to remember about that is consolidation is
12:52
so critical to further upward moves because what's happening
12:56
is all the all the short termers, all the short timers,
12:59
the people that don't really believe in silver are selling
13:03
and being replaced by people that do believe in silver kind
13:07
of washes out the weak hands. And it's happening in a way
13:12
where the price is not dropping below those critical support
13:15
levels. Let's go look at gold here real
13:19
quickly just to see long term what we've got going.
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Come on, gold, there we go. And OK, there's the gold chart
13:33
again. We're going to look at a let's
13:36
look at the five year chart of gold.
13:39
Does that look familiar to you? Oh my gosh, again, what was this
13:45
from about the beginning of 2023?
13:48
What is this over the last 2 1/2 years?
13:50
Do you see that trend? OK, that goes right up to the
13:54
right, up to the stars. However, let's look at a six
13:57
month chart of gold. This is even more interesting.
14:01
Do you see what I see on this chart?
14:03
OK, There's no doubt in my mind that this is so healthy, man,
14:10
Look at this. OK, This is the futures market
14:13
from about 30 to 50 and we'll draw this line here, let's say
14:18
around 3450, man, look at that, how the price of gold has stayed
14:25
in that Channel. April, let's see, May, June,
14:28
July, August for the last four months essentially, right?
14:32
And again, that is so healthy. That shows consolidation.
14:37
People that went out there like, oh, Goldman on a great run, it's
14:40
not going to go any higher. I'm getting out.
14:42
They've gotten out as long as we stay above.
14:44
When I look at this chart, that 3250 mark in the futures market,
14:49
we are in good shape. Now.
14:50
Look, guys, remember, I'm not a financial advisor, Don't make
14:54
any financial decisions based on what I'm saying.
14:58
But I can only see a brighter future for both of the metals.
15:03
I mean, even if gold stays where it is right now, silver has a
15:07
lot of catching up to do, massive amounts of catching up
15:11
to do. I'm thinking by Christmas time,
15:13
how do you feel about this, that we're going to be down here
15:15
together celebrating $50 silver? Mark my word, I made a bold
15:21
prediction right for April 1st of next year with the silver
15:24
price, $60.00 silver. But I think I'm going to move
15:28
that up to Christmas that we could see $50 silver.
15:32
Let's see what kit goes down is because the demand for gold
15:36
apparently is changing. Things are getting very, very
15:42
interesting in the gold market on a worldwide basis.
15:46
Here's the headline. Okay, oh, we got, we got
15:49
something scared about too. Silver miners are increasing
15:53
their production. I'll to give you the reason why
15:55
we don't need to be concerned about that, but global gold
15:58
demand will touch on that first up 10% year over year in the
16:02
second quarter. And we'll just go down here to
16:05
the important part that I pre highlighted.
16:08
Global gold demand totaled over 1000 tons in the second quarter
16:12
of 2025, a 10% increase over Q2 of 2024.
16:18
That's significant for the world's most valuable asset.
16:22
Jewelry demand fell by 14% year on year.
16:29
Yeah, because gold jewelry is getting so expensive.
16:33
But investment demand took made-up for that, supported by
16:37
solid bar and coin demand and a fourth consecutive quarter of
16:41
inflows into ETFs. Bar and coin demand was stronger
16:45
in most regions except North America.
16:47
However, ETF holdings in North America rose.
16:51
OK, so the demand for gold and the demand for gold on the
16:54
investment side, guys, you know, look, everybody else is asleep.
17:00
You've been either you're new to this or you've been knowing this
17:03
for years. What's going on with the Fiat
17:06
money system and the fact that investment demand for gold is is
17:10
skyrocketing only corroborates what we've known for a long,
17:14
long time. Touching on silver and I'm going
17:16
to tell you why we don't need to worry about this.
17:18
Turning to silver, Horarious noted that primary silver miners
17:23
are reporting increased production during Q2 after a
17:27
week or first quarter. So the silver miners produced a
17:31
little more silver in the second quarter.
17:33
I got news for you guys. The silver mining industry,
17:39
excuse me, is not going to be able to keep up with the
17:42
increased demand. I'm so this is live.
17:45
I'm doing the best I can. Silver miners aren't going to be
17:48
able to keep up with the increased demand that we're
17:50
going to see for silver in the coming decade.
17:54
There has been minimal investment in only the smart
17:57
people, right? People like Keith Newmeyer at
18:00
First Majestic Silver, Dolly Varden Silver, Silver Mountain
18:05
Resources of Silver 47, right, which which merged with Summa
18:10
Summa Silver. But very few of these companies
18:13
have been developing, right or exploring or building new silver
18:18
mines. When's the last time you heard
18:20
about a big silver mine being made?
18:21
Hold on. I'm going to have a quick sip of
18:23
water. Join me,
18:34
OK, UBS bank, the big Swiss banker, the big secret Swiss
18:39
banker. Remember the secret Swiss bank
18:41
accounts? We're going to listen to what
18:43
they have to say just for one second about demand for gold.
18:51
A little quick bit of a repeat. But UBS.
18:57
UBS, the Swiss banker, says they're raising their 2025 gold
19:01
demand outlook as investment appetite surges.
19:07
They raised their full year gold demand forecast following a
19:09
stronger than anticipated buying trends, particularly within,
19:13
like we just said, the investment segment.
19:15
The move comes despite record high gold prices and a temporary
19:19
slowdown in central bank accumulation.
19:22
So this is very interesting. The central banks are not buying
19:28
as much gold right now. However, investment demand is
19:31
picking up. And if we look at this chart and
19:34
we go over to the current year 2025, right, the gold is jewelry
19:41
down, OK, tech about the same, barring coins about the same.
19:47
But this right here is where we're seeing the big uptick, and
19:52
that is ETFs, OK? The Gray section, which is
19:58
central bank demand, as you can see at the top, is down a little
20:02
bit. So investors, big money, the
20:05
smart money, right? The sovereign wealth funds, the
20:08
private family office funds, the wealthy people, the Ray Dalio's
20:13
of the world. And just to name a few, are the
20:16
ones that are moving into gold and supporting this gold price
20:20
where it is, and I think going to be even higher.
20:22
I think by Christmas, we're going to be sitting down here
20:25
right now in the basement celebrating not only $50 silver,
20:31
but we'll also be celebrating $4000 gold.
20:36
The bank now expects total gold demand to reach 4700 metric tons
20:39
for the year, a 3% increase over the previous year.
20:43
And I think that's it on this article.
20:46
I just want to bring, let's talk about the Federal Reserve, our
20:49
old friends at the Fed, because as everything's falling apart
20:52
out there in the world, there's a couple articles that were
20:55
published over the last year that nobody really talks about
20:59
too much. This one came from the Federal
21:01
Reserve. The Federal Reserve and our good
21:04
friend Jerome official reserve revaluations.
21:09
And the reason this is important is because we get these other
21:14
analyst quote UN quote out there that are saying, oh, gold could
21:17
be revalued to 15,000 an ounce, gold could be revalued to
21:20
20,000. And we kind of dismissed them.
21:23
But I think there's a why I'm not, I'm not, I'm not
21:27
speculating even, but why would the Fed be putting out these
21:30
reports about official reserve revaluations?
21:34
One paragraph I want to read you here, it says from the Fed.
21:38
This note reviews the rare cases when countries used proceeds
21:43
from valuation gains on gold and foreign exchange reserves.
21:48
Over the past 30 years, only five countries have done so,
21:52
Germany, Italy, Lebanon, Karako, St.
21:55
Martin and South Africa. So the fact that they're talking
21:58
about it even makes me maybe a little minorly suspicious.
22:02
What do you think? But then we get this from the
22:05
Philadelphia Fed, Federal Reserve Bank of Philadelphia,
22:11
lessons learned from the gold standard, implications for
22:15
inflation output and the money supply.
22:18
Now, this was a year ago, but still, why is the Philadelphia
22:22
Fed? And there's a couple things out
22:24
here. One thing, one paragraph, they
22:26
said when extending their analysis to the two large
22:30
economies, they find preliminary evidence the gold standards of
22:35
the gold standards stabilizing effect on prices will go imagine
22:39
that if you have back money with a real asset, it stabilizes
22:43
prices. They also extend their analysis
22:46
to evaluate policy interventions, specifically
22:49
government subsidies to promote gold holdings and find that
22:52
these policies may enhance the long, long run efficiency of the
22:58
gold standard. OK, the other big, I don't want
23:01
to get too technical on you guys, but look, it's real
23:04
simple. The more money they print,
23:08
right? The more the less valuable it
23:10
is. The more of this that's created
23:13
paper money, right? The less valuable this is It
23:17
makes it's simple, right? And this right essentially can
23:22
be measured by the M2 money supply.
23:25
And the M2 money supply is absolutely exploding.
23:30
Let's go after the Silver Academy, who tells us of a
23:34
silent tsunami. Why silver's moment is coming.
23:38
As the M2 explodes to $22 trillion, record money supply,
23:43
surging debt and industrial demand are creating the perfect
23:47
storm for a silver breakout. OK, there's a chart of the M2
23:52
money supply. This comes from the Federal
23:55
Reserve, right? Remember, they printed like 40%
23:58
of the dollars during the COVID-19 crisis.
24:01
And then everybody was like, oh, look at that.
24:03
It peaked. It peaked.
24:05
Well, guess what? It didn't peak, right?
24:08
It went down a little bit, but now it is shooting back up
24:12
because we are in likely a debt spiral.
24:17
OK, so it's not just another number.
24:19
Why? What is the M2?
24:21
The M2 basically measures like all the liquid money in the
24:25
economy and they can make this stuff electronically again.
24:28
It just dilutes the value of the US dollar and and further if we
24:34
choose. If we choose.
24:36
Let me look at you. We all make the mistake.
24:43
Welcome. Welcome to the basement.
24:44
We all make the mistake, right? We value our silver and our
24:49
gold. We use the US dollar as the unit
24:52
of measure. Guys, I'm telling you, right,
24:55
Right. We should really benefit.
24:57
We would benefit from valuing this in ounces.
25:00
Same thing with gold, but we value it in U.S. dollars or we
25:04
use the US dollar as the unit of measure.
25:07
The more of them they print out of nowhere, right and don't back
25:11
it with anything real, the more valuable over any period of time
25:17
the actual physical asset will become.
25:19
It really is simple. It truly really is simple.
25:24
OK, and now we got some of the people on the Fed talking about
25:27
3 rate cuts. Let's go to this wrong one.
25:31
Hold on, I had it somewhere. Here it is.
25:36
Top Federal Reserve official says dour jobs data backs the
25:40
case for three rate cuts. OK, Michelle Bowman was one of
25:44
two Fed officials who voted a week and a half ago in favor of
25:48
cutting interest rates, and now she's talking about 3 rate cuts.
25:51
Why? Why?
25:52
I'm going to tell you why right now.
25:54
You know, if you invest in precious metals, there's one
26:01
secret thing that is your number one best friend.
26:05
It's stagflation. During the stagflation of the
26:07
70s, excuse me, the silver price went up at least 25 X 25
26:15
percent, 25 X. And I'm going to give you 2
26:20
reasons why right now, right? All the data coming in and then
26:24
when we even think about the real data that we know, the real
26:28
numbers, what they look like, indicate to us that we're going
26:31
to stagflation. First, I want to say thank you
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But thank you to 1st Mining Gold for sponsoring Ron's Basement.
27:17
Gold and silver can absolutely skyrocket in a period of
27:21
stagflation. What news have we gotten in the
27:24
last few weeks? What did we hear this morning?
27:28
Right, which is temporarily putting a bit of a downdraft on
27:31
the silver and gold price. We got news that PPI, the
27:34
wholesale price inflation numbers were way higher than
27:38
expected. That is inflation.
27:40
What is coming? Here's another little secret
27:43
that nobody's talking about. We've yet to really feel there's
27:46
a big lag impact with these tariffs.
27:49
We've yet to really feel the impact of the Trump tariffs in
27:53
prices. Prices will be going up in the
27:56
next three to six months thanks to the tariffs.
27:59
They're going to say, oh, no, there's no impact.
28:01
There's no, no they will. So we have inflation, guys, and
28:05
we're going to have bigger inflation.
28:07
We're also talking about needing to cut interest rates, which
28:10
will also, if we do what Bowman said, that will light a fire
28:14
under inflation. So we have inflation here.
28:18
The best way to think about this, this is the stagflation
28:21
box. OK, on one side you have
28:24
inflation, on the other side you have recession.
28:28
What did we hear last week? The jobs numbers collapsed.
28:31
Oh, and by the way, the previous two months there were 250,000
28:35
make believe jobs that didn't really exist that we reported.
28:39
I hope those people enjoyed cashing their make believe
28:42
paychecks. Right?
28:43
So we have the makings of a recession.
28:47
We already have some form of stagflation.
28:49
Right now. This guy hates it because
28:52
there's nothing they can do, OK, When we have stagflation, OK, if
28:57
he wants to fight the recession, they have to cut rates.
29:01
But when they cut rates, that makes the inflation worse.
29:05
And then when they raise rates to fight the inflation, that
29:08
makes the recession worse. And we've never, when we compare
29:12
the situation that we are in right now in this country, right
29:16
on the on the on the early stages of stagflation, compare
29:21
that to the 1970s, yes, gold and silver skyrocketed, OK, But but
29:28
what's different now, big time different is back in the 70s, we
29:33
didn't have this massive debt problem that we have.
29:36
So that's even more fuel on the fire, right?
29:40
That is going to just totally again, if you choose to use the
29:46
dollar as the unit of measure for the value of your gold and
29:50
silver, it is going to totally destroy the real value of the US
29:56
dollar. I don't like it.
29:57
I love my country and I hope I'm wrong.
30:00
I hope I'm wrong, but I know how to use a calculator and I know
30:04
basic math and I know basic economics and guys, it is coming
30:08
OK, I believe. Again, could be wrong as the
30:13
dollar is diluted and diluted and diluted and we're past the
30:18
point of no return, right? There's only one thing that can
30:21
happen. Again, if you use the dollar as
30:25
the unit of measure for your gold and silver and that is that
30:27
measured in dollars, the value of that gold and silver will go
30:30
up. It is the ultimate life raft,
30:33
right? Right now we are the people
30:36
who've already gotten in the life raft on the Titanic.
30:40
And we're like, lower us down, lower us down.
30:42
Everybody else is still partying.
30:44
They're up in the NVIDIA room. They're in the Microsoft room,
30:48
They're in the Amazon room, right?
30:50
They're up there partying. Jerome is spinning records on
30:53
the DJ. But the ship is listing, right?
30:56
And we're in the boat. We're saying lower us down,
30:59
lower us down. That's do you like that analogy?
31:03
I think it's a great analogy and we got craziness going on.
31:07
Let's talk about something crazy for a little bit.
31:09
I said thank you. I want to say I got it more,
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more to come. But you know, for a while now
31:17
we've been getting some great support from this company.
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Dirty Man Safe, if you have something, I'm not going to ask
31:23
questions that you want to keep safe and secure.
31:26
Maybe you got a safe in your house, maybe you have a safety
31:29
deposit box. But the ultimate way to keep
31:32
things safe is what the pirates did and that is burying it in
31:35
the ground. And that's exactly what this
31:37
does. The Dirty Man Safe allows you to
31:40
have a secret stash that only you know about and maybe
31:44
somebody else buried like in your yard or wherever the heck
31:47
you want to bury it. This goes into the ground.
31:49
These things are so cool and think about it.
31:52
It's totally safe from fires, floods, anything, right?
31:56
There's a reason why those pirates stored it opens up.
32:00
OK, It's very, very cool. And this is the smallest of
32:04
them. This is The Dirty girl, but it
32:07
is super robust. They've got bigger ones.
32:09
The Dirty man, The Dirty old man.
32:12
Great company. Oh, oh, there's a discount code
32:15
Ron 10 that you can get. OK, You're ready for stranger
32:20
than Fiction. I mean, and look, I talked with
32:23
Lynette Zhang yesterday, and she brought up a great point about
32:26
President Trump. I'm not being political.
32:28
This is not a political show. But she said something that
32:32
really made sense to me, and that is that Donald Trump is an
32:35
agent of change. Donald Trump is no stranger to
32:39
controversy, big drama, big debt, bankruptcies throughout
32:44
his life, OK? That's just a fact.
32:47
And as we move now into this very delicate phase in the world
32:53
economy and the world kind of geopolitical situation, be
32:56
prepared guys, OK? Cuz I think over the next three
33:00
years, I hope I'm wrong, but we may have some big, big, big
33:05
events. Be ready for some volatility, I
33:07
guess, is what I'm saying. And I mean, look at this along
33:11
those lines. Where is it?
33:15
Oh, darn it, here it is. Let's pull this up.
33:21
I mean, he's he's at he's going at it with the head of the
33:24
Federal Reserve. You know that Jerome Powell.
33:27
But now Trump blast Goldman Sachs CEO over tariff forecast
33:32
tells David Solomon to quote UN quote, focus on being a DJ.
33:37
This is almost too funny not to read.
33:40
This is what Trump said. David Solomon and Goldman Sachs
33:44
refused to give of credit where credit is due.
33:46
Donald's mad because Donald Trump, our president, is mad
33:50
because they had predicted the market wasn't going to do well
33:52
because of the tariffs, Trump wrote on Tuesday Post on True
33:55
Social while lauding the revenue from tariffs and a stock market
34:00
that's hovering near record highs.
34:02
Everything looks good here on the Titanic.
34:04
They made a bad prediction a long time ago on both the market
34:08
repercussion and the tariffs themselves, and they were wrong,
34:12
just like they're wrong about so much else.
34:16
He's saying this about Goldman Sachs.
34:18
I think that David Solomon, who is the CEO of, of, of Goldman
34:24
Sachs should go out and get himself a new economist.
34:27
Or maybe he ought to just focus on being a DJ and not bother
34:33
running a major financial institution.
34:36
So I guess the CEO of Goldman Sachs does D Jing as a hobby on
34:41
the side. I don't know.
34:42
And finally, guys, let's take a look at this because it it tells
34:46
us what's going on. This comes from our friend make
34:49
gold. Great again, silver equals
34:51
money. And there's Vladimir Putin.
34:55
Reminder, Russia is re monetizing silver.
34:58
In 2024, Russia's central bank became the first in the modern
35:03
times to announce adding silver to their reserves.
35:08
Everywhere we look, we see indications that there will be
35:13
solid support for the silver price as we move into the coming
35:17
months, quarters and years. We're going to go through it
35:20
together, OK, We are on, we are on this trip together and we
35:25
have been for several years. I feel like we're making a smart
35:30
decision safeguarding whatever extent you feel safe part of our
35:34
assets with precious metals. There's other things out there
35:38
as well, land, commodities, cryptocurrencies, But a lot of
35:42
the, a lot of the fear and a lot of the predictions that we're
35:47
looking at when it comes to what we could be facing in both the
35:51
near term and the long term can be alleviated by, let's say,
35:57
assets that protect you from the potential devaluation of the
36:01
Fiat currencies. OK, We talked about a lot today,
36:05
guys. The dollar index is going down.
36:08
We've got big demand still for gold.
36:11
We've got big demand for silver. And when it comes to silver,
36:16
it's just unbelievable. You know, that whole story.
36:18
I won't rehash it, but let's just say the supply demand
36:22
fundamentals now are crazy. And when we look out at the what
36:26
we can see coming, let's say a year, five years and 10 years
36:30
from now, it's only better for silver.
36:33
And we know that the government, they're printing money like
36:36
crazy, OK? They're doing it right now.
36:38
The M2 money supply is going up and up and up.
36:42
If they lower interest rates, and I mean it, it feels like the
36:46
administration of Washington is shoving that down their throats,
36:50
right? There's, I mean, it feels like
36:52
the Fed and independence is in jeopardy at this point.
36:56
It could just light a fire of devaluation for the dollar, but
37:01
but also inflation, stagflation, right?
37:04
We know what that means. I, I know one thing for sure,
37:08
it's a big honor when you come down here and join me in the
37:10
basement. Don't forget you can subscribe
37:12
to the channel. It's free.
37:13
OK, Leave a comment in the comment section below.
37:17
Let's just say that not everybody agrees with me, and
37:20
that's OK. Hey, that's how we can learn is
37:22
from each other, right? As long as comments are made in
37:26
a spirit of kindness, I mean, you know, a little constructive
37:29
criticism, I don't mind. I've been on YouTube for like
37:32
what, 3-4 years now? Address me.
37:36
It's OK. I, I, I, I welcome the
37:38
opportunity to learn from you and to learn from different
37:41
perspectives. You're smart, think about it,
37:44
OK? Leave some comments in the
37:46
comments section below. We want to hear from you.
37:48
Most important, take care of yourself, be well and I will
37:53
look forward to seeing you next time.