Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 $110 SILVER ALERT! - You Must HEAR THIS! 🦍🦍 (Gold Price and Precious Metals NEWS Update)

Transcript

🚨 $110 SILVER ALERT! - You Must HEAR THIS! 🦍🦍 (Gold Price and Precious Metals NEWS Update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
We are experiencing massive stories in the precious metals
0:04
sector. This is a special Saturday Night
0:06
Live stream because, guys, there is so much going on.
0:09
We're going to talk about the big story that everybody's
0:12
talking about, the decoupling. But then we also have a Ron's
0:16
Basement exclusive for us, the basement dwellers.
0:20
We're always way ahead of the curve.
0:22
And there's another story that we're going to focus on that
0:25
could mean big, big things for the silver and the gold price
0:29
for that matter. But we're going to focus on
0:31
silver with this one. We'll get to that first.
0:34
Let's go out and talk about $110 per oz silver by May.
0:40
How do you like the sounds of that?
0:41
Our favorite analyst, Rashad put out a new prediction and we're
0:46
going to take a look at why he is saying this and dig into his
0:50
chart a little bit. He says, this is my medium term
0:53
view on silver. It tested key support levels and
0:57
once the bottoming is over, Silver's initial price target
1:01
could be 80 to 85, we'll take that and then 100 to 110 by May
1:09
of 2026. Need I remind you in a few days
1:13
we will be in April, so that is like 5 weeks from now.
1:17
Once Silver takes out the all time high, the sky is the limit.
1:22
Boy, Rashad, we like your optimism.
1:25
Let's take a look at his chart and see what he is saying.
1:28
Obviously guys, we are right here, right now.
1:32
So what he is showing us is a move up more consolidation, a
1:37
wedge, a move up more consolidation in that 110 range.
1:41
And then as he said, the sky is the absolute limit.
1:47
But the other thing I want to point out on this chart is there
1:52
was an inverse head and shoulders pattern.
1:55
Well, you know what, it's hard to see on here, but we've
1:57
apparently broken out of that as well.
2:00
And up upside down, shoulder head, shoulder, boom, up we go.
2:06
So we love Rashad. We love his optimism and his
2:10
accuracy because he has been accurate on a very uncanny
2:15
level. But guys, we were already in
2:17
we're, we're already in a new era for the precious metals
2:21
right now, no doubt about it. But we could be and many are
2:25
saying we are. And I'm feeling it moving into
2:30
an unprecedented area within an unprecedented, I don't know, a,
2:34
a, a sweet spot, if you might call it that within this.
2:38
And that is the the decoupling of silver and gold from the
2:45
general markets. Let's dig in.
2:47
We got a number of interesting things, reasons why people are
2:51
saying this. But here's just one of the
2:54
popular post out there right now from silver trade.
2:57
Did gold just decouple and silver, by the way, from risk
3:01
assets? Hey, silver trade, come on, man.
3:05
You got to, you got to put silver in here, brother.
3:07
Gold spikes while the SPY, the S&P 500 plunges.
3:12
That's what happened on Friday. Gold has been closely trading
3:15
with the broad markets equities market since Sunday evening,
3:19
March 1st at 9:30 AM this morning, this was yesterday that
3:24
Co relation broke. OK, but it hold on here.
3:28
I lost you. Hopefully you can see me and
3:30
hear me. We got upstairs Susie with us
3:32
today. Everybody say hi to that's my
3:34
lovely wife upstairs Susie. She'll let me know if we can't
3:38
be heard. But I've got some interesting
3:40
insights for you on this. I've been digging into it all
3:43
day long. OK, this could signal that the
3:48
initial pull back, right? That every time there's a big
3:51
crisis, C-19, the great financial crisis, and the list
3:56
goes on and on, gold and silver, almost every time have an
3:59
initial pullback, right, where the price drops, and then it's
4:03
the first to turn around. And that could be, I think
4:07
likely what we're seeing right now.
4:09
Some people call that the liquidation phase.
4:12
That means that there's turmoil, right?
4:15
This time it was with the war, war, war, war.
4:19
I always say it wrong anyway, right?
4:21
And everybody needed money. And what do they sell?
4:24
They sell their gold and silver because they need money.
4:28
And it's like gold happens to be like the largest asset in the
4:32
world of anything. So it's the easiest to sell.
4:35
It's made a lot of profit, people sold.
4:38
But then it's what happens every time as it turns around.
4:41
So the liquidation phase could definitely be over right now.
4:46
So not what we saw Friday. The general markets, the S&P
4:50
500, the NASDAQ was down I think like 2%, while gold and silver
4:56
did really, really well. You know what?
4:59
Because when we got green on the charts, we want to go check it
5:02
out. Let's run out and look at it
5:04
really quickly. Yeah.
5:06
So gold was up 115 dollars, 2 1/2%, silver up almost $2.00 at
5:15
2 1/2% while the general markets were struggling.
5:20
But wait, there's more, OK, Gold and silver also went higher
5:25
while interest rates are going higher.
5:27
That's the big thing. The 20 year bond, the Treasury
5:30
bond, the 30 year, the 20 years, like at 5%, OK, that's not good.
5:35
That's a whole different. We could do a whole live stream
5:38
on that, but that is freaking out the government because they
5:42
can't afford high interest rates.
5:44
But interest rates went up and gold and silver went up.
5:47
But wait, there's more inflation going up, right?
5:51
We know that and gold and silver going up Now that had been
5:55
acting conversely or inversely prior to that, right?
5:59
The inflation rate was going to go up.
6:01
The feds going to raise rates. Remember, guys, this is so
6:04
critical to remember. Don't worry about the Feds
6:08
interest rates. As long as the inflation rate is
6:11
higher than the interest rate, it doesn't matter if the Fed
6:14
raises rates to 5%, right? Which should be like shocking,
6:18
Oh my gosh, but which they can't do because they can't afford it.
6:22
But anyway, if they did, as long as the inflation rates higher it
6:27
like 8%, it's still golden for gold and silver.
6:32
OK, The other thing oil was higher, right?
6:35
That goes to with, with the, with the inflation rate, all
6:40
these relationships that have been going on for the last three
6:42
weeks seem to have broken potentially on Friday.
6:46
It's very, very exciting. We're already on a big long
6:50
term, short term noise. We talk about that all the time,
6:53
right? And that's what we were
6:54
experiencing, short term noise. We were already in a new era for
6:59
precious metals, no doubt about it right now we could be coming
7:04
into, do you remember after C-19 silver went down, I remember
7:08
sitting right over there. I actually bought some silver
7:11
over that weekend. It was like $12.00 per oz.
7:15
And then literally like 5 weeks later, I don't have the data,
7:19
but it was at least twice, I think maybe three times.
7:22
It skyrocketed. OK.
7:24
I think very likely and a lot of people think that's the
7:27
situation right now. It's going to be interesting to
7:30
see how this plays out in the coming weeks, quarters and
7:33
years, right? And think about it, we, we are
7:36
in the situation right now with the US economy.
7:39
I talked to one of the smartest people in the room earlier today
7:43
and he told me you got to realize right now, OK, we are in
7:48
still in a stock market bubble. We are still in a bond market
7:54
bubble, even though both the stock and bond markets have been
7:57
going down. We are also in a real estate
8:00
bubble. We have never been in this
8:02
situation like this before in the country when this crisis
8:07
hits, right? You know, look, look, I mean the
8:10
writings on the wall, I don't have a crystal ball.
8:13
Always be careful with any financial decisions you make, be
8:16
responsible, all that. But when this crisis hits, it's
8:20
going to be like none we've ever seen before.
8:22
And I think the gold and silver investors are going to be
8:25
sitting pretty. We've got a a viewer question
8:29
about Russia and India and we're going to dig into some crazy
8:33
data on both of them. This was an excellent question
8:37
that came to us from did I show you this already?
8:43
I think, yeah, I did. OK, let's go here.
8:45
Sorry, guys. Here we go.
8:47
Viewer question from James B4320.
8:51
He says please comment on Russia stopping bullion shipments and
8:56
India's 1st of April trillion bullion mutual fund.
9:00
OK. Both of these, we're going to
9:02
talk about them separately, are big, key major developments.
9:06
First, let's talk about Russia. Here we go.
9:09
This was big news and there's a couple of reasons why and couple
9:15
things that people most people aren't talking about it why this
9:18
is a big deal. But Russia bans export of gold
9:21
bars over 100 grams, which is about 3 oz.
9:26
The Russian government issued A decree prohibiting the export of
9:30
refined gold bars weighing more than 100 grams from the country,
9:34
effective May 1st. President Vladimir Putin
9:38
announced that on Thursday. OK, they put it on their
9:42
official legal portal, All that good stuff.
9:45
Why is that a big deal and people are interested because
9:50
there's also been news coming out that Russia Central Bank
9:53
actually sold a little bit of gold.
9:56
Okay, Russia. And apparently they sold that
10:00
gold to China. And if you analyze what really
10:04
went on, it had to do more with helping China and Russia further
10:10
back their currencies with gold. OK, But the more important thing
10:15
about what Russia is doing, All right, take a step back, right?
10:19
Look at the how do you, how do you don't judge people on what
10:24
they say? Judge them on what they're doing
10:27
right, or, or, or, or, or what the facts look like when the
10:31
writing's on the wall. Russia is one of the world's
10:34
biggest gold producers. OK, they don't have a shortage
10:38
of gold, but now they're saying we aren't going to allow export
10:42
of I keep hitting that garn gong, the golden gong from
10:45
China. Anyway, we aren't going to allow
10:47
exports of gold over 100 grams over what essentially 3 ounces.
10:54
That tells us that what's happening on a big picture in
10:57
the world right now. Now the second part of the
11:00
viewers question was about II. The news out of India is
11:04
unbelievable, especially for silver when you focus in on
11:09
silver. OK, there's three big things
11:12
going on with India. Let's pull we'll go out to the
11:15
the Silver Academy. I think it is.
11:18
Yeah, the Silver Academy. Great Substack, but they've got
11:22
a list. I'll just run through this
11:23
quickly with you. But there's three big reasons
11:26
why what India is doing with silver in particular is
11:29
stunning. India's market regulator just
11:32
outlawed Western price rigging. A new era for gold and silver
11:36
begins. Right?
11:37
That was from Reuters. OK, that's part of what's going
11:40
on, or I'm sorry, the part from Reuters.
11:43
India market regulator changes gold, silver valuation for
11:47
mutual funds. Let's just get all the way down
11:50
here. We'll go to the one 2-3 punch.
11:53
LBMA, this is super interesting. OK, Gut punch, the Sebby, which
11:58
is the Indian equivalent of like the SEC in the United States.
12:05
They axed the LBMA. India's fund ditched Western
12:09
pricing for the MCX domestic spot.
12:12
That was the first thing that happened.
12:15
OK, They said, sorry LBMA, we don't think your price is real.
12:20
Maybe you agree with them as well.
12:23
I know I do. We're going to use our own
12:25
internal market pricing for pricing gold and silver in our
12:29
mutual funds. The next thing #2 the Chin
12:33
uppercut the, the, the official Bank of the Central Bank of
12:38
India green lights silver as bank loan collateral starting on
12:43
April 1st. We've talked about this a lot
12:45
not even a month out at this point now monetizing jewelry
12:49
drawers nationwide basically. And this is huge news in India
12:53
because Indian people, India has like 28,000 metric tons of gold
12:59
in their households. And who knows how much silver
13:02
Indian people have. And now their main banking
13:07
apparatus is allowing people to basically this is the
13:10
monetization of silver, to take the silver to the bank.
13:15
They don't have to sell it if they need to raise money, if
13:17
they need cash, right, temporarily, they can actually
13:21
bring the silver and use it as collateral.
13:24
But the knockout, and that's the question that was from the
13:27
viewer, is the 384 billion equity funds are now allowed to
13:32
pile into gold and silver. I also did hear estimates of up
13:36
to a trillion, but we're going to be conservative and say 384
13:41
billion. Yes, yes, I am right here.
13:47
Yes, I am on the right screen, I think.
13:49
Hold on. Let me make sure.
13:50
Yeah, you guys were on the right screen.
13:54
That's OK. Upstairs, Susie.
13:56
We all love you Upstairs, Susie. This allows for, I think it's 30
14:01
percent, 25%. A big percent of equity funds
14:06
can now for the first time buy gold and silver.
14:11
OK, there it is. There it is from Stocks World.
14:13
India now allows countries 384 billion equity fund to add gold
14:17
and silver. OK, It's, it's, it is absolutely
14:22
incredible. But let's not forget about
14:23
China, right? Because when we talked about
14:26
Russia, OK, not allowing export of gold, pretty sure that's the
14:31
same thing with China. And China happens to be the
14:34
second biggest producer of gold. We got the interesting video out
14:39
of China to look at here in a second.
14:40
China's the second biggest producer of gold in the world.
14:45
And what about demand in China? Yeah, we're going to go to the
14:48
Shenz and then we're going to learn what the Shenzhen Shubai
14:53
market really is all about. But let's get an update about
14:56
what's happening at one of the world's largest gold and silver
15:00
markets from our friend David Lee.
15:04
This is hot off the presses. Shenzhen Shubai Gold Market on
15:09
Saturday, 3/28 at 2:30 PM. Gold jewelry is being sold at
15:14
$5265 per oz, Gold bars $4684 per oz, Platinum 2187 and silver
15:26
jewelry Emphasize that jewelry is at $100 per oz.
15:32
Key observations a lot of people, but it's not as crowded
15:36
as last weekend. OK, many shoppers are young
15:39
people, young couples, but this looks pretty darn crowded to me.
15:43
Let's go on a little field trip to the Shenzhen.
15:45
Then we're I'm going to it's, I'm going to give you some
15:48
information about this market. I love China.
16:07
You know what he just said? Welcome to Ron's basement.
16:10
Oh, by the way, don't forget, he said.
16:12
Don't forget to press the subscribe button and give it a
16:15
thumbs up. Oh, shoot there.
16:20
Hold on. Let me see if I can go back.
16:21
Look at the escalator. It looks uh Oh, no.
16:45
There's the escalator again, escalators packed.
16:48
And I tell you what, basement dwellers, someday, someday when,
16:54
when we really when our ship, when our ship really comes in
16:58
with gold and silver, we'll all together go on a field trip to
17:01
the Shenzhen Shubai market in China.
17:04
And let's, I just want to give you because we, we look at this
17:06
quite often. I did a little oh, oh, here it
17:10
is. Here it is.
17:11
Don't worry, a little research for you on the market, ask the
17:17
Google AI. The Shenzhen Shubai Market is
17:20
China's largest, most advanced gold and jewelry trading hub and
17:25
silver responsible for over 70% of the country's annual gold
17:30
trading volume and 80% of its diamond imports.
17:34
Located in the Luha District, it functions as a primary wholesale
17:39
manufacturing cluster offering gold, diamonds, pearls, silver,
17:44
and custom jewelry designs. This video takes you on a tour.
17:47
We won't go there, but there's some nice, beautiful Chinese
17:51
young ladies. Very interesting.
17:53
OK, let's go to the Doom next. We're going to go to the Doom
17:56
side because look, things are not looking good at all right
18:00
now in the US economy, period. And with the writing is on the
18:06
wall and we're going to talk about something happening not
18:09
just in the US economy, but on the world economy that is
18:13
downright frightening, no doubt about it.
18:15
I do need to take a minute to say thank you to our sponsors,
18:18
Brixton Metals, Canadian Metals Exploration Company.
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They got big projects up in British Columbia and in the
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It's a stock I've owned five years before they sponsored my
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channel, but Gary Thompson, the CEO, just had an interview with
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him. You can check that out.
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Also. Our friends at first meant the
18:44
silver specialist meant being before I came on.
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I tell you what, if you don't like holding an ounce of silver
18:50
in your hand, you're in the wrong basement.
18:54
Go to some other basement, I don't know, pets or whatever.
18:57
Check that out. That's their the back of their
19:00
Buffalo round and when the light hits it just right, I mean it
19:05
really is it's it's absolutely stunning.
19:09
First mint is doing a great job getting silver into the hands of
19:13
retail investors all around the United States.
19:17
They get their silver from first Majestic, right.
19:20
So it comes from the mine to the mint directly to you.
19:24
They've got a great discount code VIPRB.
19:27
And I also want to say thank you.
19:28
Hold on here. Let me pull it up real quick so
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you can get the discount code. There it is, right there.
19:35
Should be on your screen. Nope, it's not.
19:38
Hold on guys, there we go. Now you can see it.
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I got it circled in green. They have a $2 off special right
19:44
now on cast bars as well. And there's Brixton Metals
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website, bricksandmetals.com. And thank you also to 1st Mining
19:54
Gold, another stock that I've owned for five years, long
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before they sponsored the channel.
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Canadian development stage Gold Company with two 2 multi million
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ounce projects in Canada, Spring Pole in Ontario and Duparque
20:10
located in Quebec. You can learn more about them at
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firstmininggold.com. It is getting downright scary
20:17
out there. Look, this is this.
20:19
Let's let's look at this story. That's getting a lot of a lot to
20:25
hold on. Here it is right here.
20:27
A lot of press and rightfully so.
20:29
OK FX Hedge says this. Is this the beginning of a
20:35
repeat of Lehman Brothers 2008? UBS, right?
20:40
The giant Swiss bank just halted withdrawals of a 470 million
20:47
real estate fund and told investors they can't have their
20:51
money back for up to three years.
20:55
Why does this matter? Because back in June of O 7,
20:58
Bear Stearns did the same thing at two of their hedge funds.
21:01
One year later, Lehman Brothers collapsed and the global
21:04
financial crisis happened. UBS looked at their real estate
21:09
portfolio, realized the buildings are not worth what
21:13
they paid for them, right? And they cannot sell them
21:17
without admitting a huge loss. Guys, this is, is becoming a
21:22
massive story and a massive problem.
21:25
Why, right? It's the private credit, it's
21:28
this that's going on. These big financial companies,
21:33
right, have big, big loan portfolios and they're not
21:36
recognizing speculation, right? They're, they're, they're
21:42
engaged in what I like to refer to is Disneyland accounting,
21:46
right? They're not marking the loans in
21:49
the in the collateral for the loans to the actual market.
21:54
They just leave it at what like what the actual market is like.
21:56
Maybe they loaned out money on a big office building.
22:01
They loaned out $100 million four or five years ago.
22:04
Right now that that building that was worth 100 million four
22:08
or five years ago maybe is worth 60 million or 70 million, but
22:13
they aren't recognizing that. And then when people go and say,
22:16
Hey, I want my money back and the same things happening right
22:19
now, you're going to hear a lot. And it's very, very important
22:22
for us to to understand this and stay on top of it about private
22:27
credit, right? Same thing.
22:28
The private credit, these big private credit companies loaned
22:32
out money, mostly the software companies that aren't even
22:36
making money, a lot of them are cash flow negative, right?
22:39
And they're not recognizing that, hey, we may not get our
22:43
money back from, in this case, this example speculation the
22:48
software companies. So then the investors that gave
22:52
these big financial companies $1,000,000 a 100,000, whatever
22:57
are going and saying, hey, I want my money back.
23:00
And you know what they're all saying, sorry, we can't remember
23:04
that the, we, we can only give you half your money back.
23:07
We can give you half of what you're requesting.
23:09
And, and, and UBS is actually saying from what that says, we
23:15
can't give you anything for three years.
23:18
OK, this is, and then I'll move on, I promise.
23:22
But this is very similar to what happened in O7O8 with the great
23:26
financial crisis. These big financial companies
23:30
put together all these crappy mortgages, right, And created
23:33
these things called mortgage-backed securities and
23:37
then sold it to investors saying, oh, you can make 8%,
23:40
nine percent on your money. We got this pool of mortgages
23:44
and it we put it together, it's the greatest financial
23:47
innovation ever, right? Yeah, until it all goes belly up
23:52
and people didn't get their money back and people lost
23:54
millions of dollars and it caused the great financial
23:57
crisis. Some people are speculating,
24:00
right? And not just that guy.
24:02
We just looked at not like, like all the smart people that we
24:06
could be heading in that same direction right now.
24:10
What about got another viewer giving us Intel from Australia?
24:18
I'll just read what he says right?
24:20
I cannot confirm or deny but dune buggy 43O9 says Hey Ron,
24:26
great content, cheers. From Perth which is in
24:29
Australia. Just thought it might interest
24:32
you to know that I tried to transfer unallocated right to
24:36
allocated gold today at the Perth Mint and was formed.
24:40
Was informed I cannot withdraw the gold for six months.
24:45
Thought it might interest your viewers.
24:47
So unallocated means when like you own precious metals and it's
24:52
in a mint, but you don't have like a specific part of it that
24:58
belongs to you. Allocated means they've taken
25:00
your part, they separated it. They say these 100 oz 1000 oz,
25:06
whatever it may be belongs to this exact person according to
25:10
my understanding and what this message says.
25:14
The Perth Mint is telling this gentleman and I appreciate the
25:19
input that oh, did I forget to share the screen?
25:22
Yep, I did sorry. There it is right there.
25:24
Sorry guys that that you cannot have your your gold.
25:29
I don't know if that's gold or silver, I forget, but for up to
25:33
six months. So very interesting.
25:35
Wouldn't it be nice, wouldn't it be nice if somebody in the White
25:41
House loved gold? Get a load of this.
25:44
Let's listen to what our president.
25:46
Not a political show, not saying good, bad, indifferent.
25:50
I'm not a political. This bronze basement is
25:53
apolitical. I do have my beliefs, but I keep
25:55
them to myself. But this is interesting.
25:58
Gold Telegraph shared this little clip from the President
26:02
of the United States, Donald Trump.
26:05
Listen to this. It's only 20 seconds long.
26:09
Everyone said it's so much more beautiful now instead of a cheap
26:12
you can't imitate gold. See, I'm a gold person.
26:14
It's all real stuff. You can't imitate it.
26:17
They've someday they'll discover a paint that will look like gold
26:21
and the guy's going to be the richest man in the world.
26:24
But you can't imitate real gold. Just as in it's 24 karat, which
26:30
is what this building deserves. But think beautiful.
26:36
All right, guys, hold on. We're back.
26:39
And by the way, thank you for joining me down here in the
26:41
basement. I love the basement dweller
26:43
community. You guys are awesome.
26:45
Thank you. Thank you.
26:47
We love to talk about gold and silver, but there's something
26:50
about silver in particular that nobody else is talking about.
26:54
Look, on this channel, 3 years ago, we talked about stagflation
26:58
all the time. Now everybody's talking about
27:01
stagflation and we know it. We didn't even talk about it
27:04
today. We knew it was coming 23 years
27:06
ago. It was pretty obvious to us.
27:09
But there's something else particular to silver.
27:12
We're going to look at all the industrial uses of silver.
27:15
We're going to zoom through it for fun in a second.
27:17
But there's something even more powerful about silver that I
27:22
think as I look out around the corner, as we together look out
27:26
into the future, is a key component of what silver is that
27:32
could continue to provide. Unbelievable support tailwinds
27:39
for the silver price as we head into the future.
27:42
And that is the fact that silver is a monetary metal, OK, we
27:48
forget about that. We're all excited about all
27:51
these industrial uses. And then it, it is awesome.
27:54
It's incredible. I mean, what silver is being
27:57
used for, consumed for what it does, we'll talk about that.
28:01
But what's even more exciting is realizing that at its core,
28:06
silver is a monetary metal. OK, gold, I want you to think
28:11
about this. Gold has been lately, let's say
28:14
the last two or three years in particular, being re recognized
28:18
or reclaim, reclaiming its place in the world as a key monetary
28:25
metal, right? The world's original reserve
28:29
currency is what we like to call it down here in the basement.
28:34
But silver is just as important, right?
28:38
It's my understanding that silver was actually the monetary
28:42
metal before gold. Silver was used as money before
28:46
gold. So think about this.
28:48
Gold has just now been re recognized, been reclaiming its
28:53
place as a monetary metal. Silver will be next.
28:58
And think about it right? Why did the world's all the
29:02
world's sovereign mints, the Austrian Mint, the the UK Royal
29:06
Mint, the United States Mint, you name it, they all produce
29:12
the sovereign mints silver coins.
29:15
That's the base take. Don't even think about all the
29:19
industrial uses. Think about the fact that silver
29:23
right is a monetary metal and will continue as we move into
29:29
these coming years to be re recognized.
29:33
It will reclaim its place. And then on top of that, you
29:38
layer all this incredible industrial use.
29:42
And I got something we're going to look at now.
29:44
But it, I mean, it's unbelievable to think five years
29:48
out, 10 years out. I mean, I, I don't know.
29:50
I to me, it's, it's very obvious that silver has, pardon the pun,
29:57
but a bright shiny future. And let's run out there.
30:00
We're going to say hi to Donald Trump, President of the United
30:03
States again, but let's go to this and we'll zip through this.
30:08
But it's a very interesting from GR reserve industrial uses of
30:12
silver. There's an American Silver Eagle
30:15
picture does not do it justice. Industrial applications consume
30:20
680 million ounces of silver in 2024, almost 60% of total global
30:27
demand. OK, you can go read this, but
30:29
there's some unbelievable points why silver dominates electronics
30:34
manufacturing. Of course, because it is the
30:37
most electrically conductive metal on the face of the earth.
30:42
Everything else is measured off of base.
30:45
Silver conducts electricity way better than copper.
30:48
The reason why they use copper is because it's much more.
30:51
It's much more abundant and cheaper, right For like the
30:55
wires in your house, that type of thing.
30:57
Copper, I believe is like only 85% of as conductive as silver
31:04
and it generates heat, right? That's what that's why I like an
31:07
extension cord will get warm or anything in your house that's
31:10
got copper wires will get warm because that other 15% is what
31:14
creates heat. OK, electronics consume only 450
31:19
million in 2023. Wow.
31:22
OK, 1/3 of total electronic now represents 1/3 of total silver
31:27
demand this I thought this was interesting.
31:30
Smartphones about 300 milligrams of silver.
31:34
Laptops about 750 milligrams of silver.
31:39
Televisions 1 to 2G per unit in display technology and
31:44
processors, gaming consoles 2 to 3 grams in servers.
31:49
We know right? Are are are eating up the world
31:52
silver as AI continues to grow at an exponential rate.
31:58
China produces more than 70% of global electronics.
32:01
I didn't know that AI and data centers are expanding.
32:04
And then of course solar. This is interesting.
32:08
OK, solar panels used almost 200 million ounces of silver in
32:14
2024, representing nearly 1/5 of total global demand.
32:20
OK, that's not production because the whole mining sector
32:24
only only produced 800. They so so solar panels consume
32:29
25% of the actual mining output for the whole year.
32:35
It's that figures tripled in the last nine years.
32:38
And it says each solar panel right now requires approximately
32:43
20 grams of silver in conductive paste applied to silicone
32:48
waivers. Hold on, Susie, did you yell at
32:50
me? I must be hearing things.
32:53
Sorry, guys, the global solar installation trends are just
32:58
going through the roof. OK, long term supply demands,
33:02
but electric vehicles, OK, but real quickly, silver content by
33:07
vehicle type, even gas cars are using almost an ounce of silver
33:12
hybrids, an ounce or or more of E electric battery electric
33:18
vehicles, almost 2G. But don't forget, right, the and
33:23
the number of EVs is expanding like crazy, but don't forget.
33:28
And then we're going to go to the charging because we never
33:30
talked about charging infrastructure and how much they
33:33
use. That's crazy.
33:34
But guys, the other big thing are solid-state batteries coming
33:38
online where some people are saying they could use almost a
33:41
kilogram, almost over 30 oz each, right?
33:45
And the Toyota, all the big manufacturers are moving in that
33:49
direction with the solid-state batteries because they are
33:55
lighter weight, they don't catch on fire.
33:57
They charge in a fraction of the time and you can drive like
34:01
twice as far compared to the current EV batteries.
34:05
But charging infrastructure, this was new charging stations
34:09
deployed. Deployment amplifies automotive
34:12
silver demand beyond the vehicles themselves.
34:15
Each fast charging unit requires 1 to 2 kilograms of silver and
34:21
power electronics and connections.
34:23
OK, plans for millions of public charging installations are in
34:28
are in place by 20. That's a lot of silver for each
34:31
one of those charging stations that you see something we never
34:35
talk about, OK. Then they talk about emerging
34:38
technology, solid-state batteries, medical applications.
34:42
All right, our massive uses of silver because of the
34:45
antimicrobial component, not only is silver very thermally
34:51
conductive, electrically conductive, but it's also
34:54
antimicrobial, which is why we hear about kids having silver
34:58
spoons in their mouths. But medical, I don't know, it
35:02
just goes on and on. OK, brazing, soldering alloys,
35:06
chemical catalyst, silver, but let's bring it back home here,
35:10
right? Silver has more patents on it or
35:14
more patents at the US Patent Office have silver in it than
35:18
any other metal, I think even than any other thing on the
35:21
periodic table. It's absolutely crazy.
35:24
Think of that. All that stuff we just talked
35:27
about, Everything has this in it here.
35:31
You're the horse doesn't have this in it because that's in my
35:35
basement, baby. That's the year of the horse
35:38
coin from First Mint. Everything has silver in it, but
35:42
the key thing to remember is that that's just a lot of good
35:47
icing on a really good cake. But the cake is the fact that
35:52
silver is a monetary metal. That's what I believe.
35:55
That's what I know. Silver was money before gold,
35:59
and gold and silver are the world's reserve currencies.
36:03
It's in the United States Constitution, for crying out
36:06
loud, right? Silver and gold, It's a sorry,
36:09
it's in the, I forgot to ring the gong when I talked about
36:13
China. It's in the United States
36:15
Constitution. So all this wonderful talk about
36:18
silver investment demand, OK, I forgot to mention that one.
36:23
I apologize, my fellow basement dwellers, investment demand, all
36:28
the industrial uses. But the reality is that just
36:31
really sits on top of the fact that it is a monetary metal in
36:35
just like gold has been wreaked. It's not claiming it, it's
36:39
reclaiming, OK? It's been there for 5000 years
36:44
doing it. It was just there was a
36:47
temporary mirage. Here, let me close your eyes for
36:52
one second and I'll show you what that mirage is.
36:55
OK, Open your eyes. Paper money, if you're in
37:01
Europe, right, take a euro floats by.
37:03
If you're in Australia, take an Australian dollar.
37:06
You guys are everywhere, which is awesome and we appreciate it.
37:09
But it's a, it's always been money.
37:12
And if you look at it from that perspective, the future looks
37:16
very, very, very bright. So hey, guys, thank you so much
37:21
for being here today. Hold on here.
37:23
I'm hopefully you can still see me and hear me have a great rest
37:27
of your Saturday night, Susie and I say thank you.
37:30
If you enjoyed your time in the basement, please subscribe to
37:33
the channel. It's free.
37:35
OK, We still got that special going on.
37:38
Give this a thumbs up. But most important, take care of
37:41
yourself. Be safe out there.
37:43
Remember, I'm not a financial advisor and always be
37:47
responsible, always diversify all that great stuff with with
37:51
your with your financial decisions.
37:53
But I think me personally, I believe that silver and gold and
37:57
precious metals mining stocks offer a great way to weather the
38:02
storms that will likely be facing.
38:05
Take care, OK? And I'll see you.
38:08
And yeah, I see you.