Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🎯 THIS Is All It Takes to WIPE Them OUT! - (Gold Price Too)
Transcript
- 0:00Unbelievable fact about silver. One of you reached out to me and
- 0:04pointed this out something about silver that will knock your
- 0:08socks off and then there will be even more.
- 0:12What if I told you 5 oz. That's all it would take yes,
- 0:17you now I'm glad you're here with me right now in the
- 0:20basement. Basement dweller.
- 0:21We love to talk about silver. We love to talk about gold, but
- 0:24what if, what if it only took 5 ounces to wipe out all the
- 0:31world's mining supply for the entire year?
- 0:35We're going to talk about that in this video.
- 0:38And then there's a big bonus factor that I'm going to point
- 0:42out to you at the end, but you're ready to do your part
- 0:49with five ounces of silver. I have a sneaking suspicion
- 0:53you've already done your part and maybe even more.
- 0:56But listen to this. Last year, 26,000,000 kilograms
- 1:01of silver were mined worldwide. What the heck is 26,000,000
- 1:05kilograms? We know that equates to a little
- 1:08over 800 million ounces of silver.
- 1:12It sounds like a lot, but it is not.
- 1:16Consider an example to illustrate. the US debt clock
- 1:20shows that the United States has about 161 million workers.
- 1:25Let's go to the debt clock and check that out for ourselves.
- 1:29Have you found the total US workforce number yet?
- 1:32Look at all those numbers. Look at the one in the upper
- 1:34left hand corner, $34 trillion in national debt.
- 1:38But that's not what you're looking for.
- 1:40You're looking for the total number of people in the US
- 1:43workforce. It's right in the middle, right
- 1:45here. US workforce now, 161 million
- 1:51people. Do you know what 5 * 160 million
- 1:55is? Yes, 800 million.
- 1:57That's right. If every worker in the United
- 2:00States, not everyone, just those that are employed, those that
- 2:04are working, were to buy 5 ounces of silver during the
- 2:09course of the year. That would wipe out completely
- 2:13the entire amount of silver provided to the world by the
- 2:17world's mining sector. All the silver for the entire
- 2:21world would be gone lickety split.
- 2:24That's right, not even any silver available for non working
- 2:28or retired people in the United States, or the 1.4 billion
- 2:33people in China, or the 1.4 billion people in India who both
- 2:40love silver, nor for the rest of the world, Europe, South
- 2:45America, Africa, Australia. No more silver would be left
- 2:50sold out. None, not even one ounce, but
- 2:54there's a GBF, a great big bonus factor embedded in that data
- 3:01that I'm going to tell you at the end of the video.
- 3:02So make sure you watch to the very end.
- 3:06Before we go on, I want to say thank you to channel sponsor
- 3:09Pembex Pi MB EX. If you want to get your hands on
- 3:14your 5 ounces of silver and you want to do it right now, do
- 3:18yourself a favor, check out Pendex.
- 3:20You'll find they have the best prices, the best service, and a
- 3:24great selection. You can check them out at
- 3:27pmbex.com. But it's not just people like
- 3:31you and me that are wanting silver because we need to
- 3:34remember all industry requirements that need silver.
- 3:38Over 300 applications for silver, photovoltaic, solar
- 3:43demand that's going through the roof, electric vehicles,
- 3:46medical, military, and nobody knows how much silver the
- 3:50military uses, coins, bars, etcetera.
- 3:53Nobody would have any silver left if just every working
- 3:57American were to buy 5 oz. We have another bonus factor to
- 4:02talk about, and then we'll get to the GBBF.
- 4:05The great big bonus factor at the end of the video, but the
- 4:09big bonus factor right now is that you've decided to join me
- 4:12in the basement. Thank you.
- 4:14Please give this video a thumbs up and it would be great if you
- 4:18subscribe to the channel. We'd love to have you come back
- 4:20to the basement where we love to talk about silver and gold.
- 4:25So all the workers buy 5 ounces of silver.
- 4:28We know industry is sucking up silver like never ever before
- 4:35and it might seem like a fancy fanciful scenario.
- 4:38However, right now all the annual mine supply is used up
- 4:44and has been for several years. Have no doubt silver is already
- 4:50in a supply deficit. That's a fact.
- 4:53The only source of silver right now to fulfill contracts or meet
- 4:58actual demand is dependent on historical silver reserves.
- 5:05That's the stuff they set aside for future use when there wasn't
- 5:09enough being produced and it's being eaten up at a near record
- 5:13pace. I think you need to ask yourself
- 5:16a very important question. How much longer can the
- 5:20historical silver last still be provided given the current low
- 5:26Fiat price? Not much longer.
- 5:29That's why it's important, in my opinion, for us to stack silver
- 5:34and consider this fact that the amount of silver being produced
- 5:38by the mining companies continues to go downward year
- 5:43after year. Now let's talk about that big
- 5:46bonus factor. Before I do that, I want to say
- 5:49thank you to channel sponsor First Mining Gold.
- 5:52You can check them out at firstmininggold.com and Fortuna
- 5:56Mining, you can check them out at Fortuna mining.com.
- 6:01So what about this big bonus factor?
- 6:05You've got to realize not everybody's going to run out and
- 6:09buy 5 ounces of silver after they watch this video.
- 6:12Sure, a few people will, but we don't even need that to occur,
- 6:18guys. If just on average, every worker
- 6:21in the United States were to buy one ounce or two ounce of
- 6:25silver, and again, that's just on average, you may have some
- 6:28people that buy thousands of Oz, some people that just buy one
- 6:31ounce. But if the average were to go up
- 6:34to one or two or three ounces of silver, it would break the
- 6:39Comex. It would break the electronic,
- 6:43overly leveraged Unicorn fart dust silver market.
- 6:47It would stop the Comex from having that stranglehold on the
- 6:52silver price that it's had for decades.
- 6:56To me, it's astounding just how sensitive and delicate the
- 7:00silver market really is. Most people don't realize it
- 7:05won't take a lot to throw things out of balance, and it's much
- 7:08easier for us to see that when it gets thrown out of balance,
- 7:13it's going to be in a direction that likely could result in much
- 7:18higher silver prices. Hey, thank you for joining me
- 7:21today in the basement. I hope you're doing well.
- 7:23I'll look forward to seeing you next time.