Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Silver ALERT ⚠️ All-time HIGH in THESE Countries... Expect THIS Next! (Gold too)

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Silver ALERT ⚠️ All-time HIGH in THESE Countries... Expect THIS Next! (Gold too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
Have you noticed silver is hitting all time highs or very
0:05
close to all time highs in many countries, many currencies
0:09
around the world? What do you think that's telling
0:12
us about what to expect here in the United States?
0:17
Also, is there a silver shortage, a shortage, Oh, a gold
0:23
shortage in Australia? We're going to look at a piece
0:27
of information I have that might indicate that could be on the
0:30
near term horizon. But first, guys, tomorrow is a
0:34
massive, massive day for the precious metals markets.
0:39
We're going to get the CPI numbers.
0:42
Let's run out to the economic calendar here.
0:45
See what we can expect, what time we're going to get this
0:48
information. This is the Fenviz economic
0:52
calendar. As you can see today, there's
0:54
really nothing coming through, but tomorrow we'll get the CPI
0:58
number about 24 hours and 10 minutes from right now.
1:03
CPI expected to come in at .2%. That's the inflation number.
1:09
It is going to have a massive impact tomorrow on the gold and
1:14
silver price. I will go way out on a limb and
1:17
say that we're going to see at least a $20 move in gold,
1:21
possibly one of those $1.00 day dollar day dollar store days for
1:27
silver where we either shoot up rocket higher or lower.
1:31
But the important thing, what we need to remember here, let's
1:35
keep this in perspective about tomorrow.
1:38
We're OK no matter what. Look, at this point, I'm hearing
1:42
a lot of smart people, you know, people like Phil Streibel from
1:45
Blue Line Futures, our our good friend Peter Grandich, even
1:49
Gareth Soloway talk about the fact that gold and silver could
1:53
both correct a little bit and it won't be the end of the world.
1:58
I believe Peter Grandich talks about 20, three, $52,350 on
2:03
gold. We have been really strong,
2:06
really in a tight range for quite a while here.
2:09
If tomorrow we shoot off like a rocket ship in the outer space,
2:13
like that great thumbnail we had for this video.
2:16
Thanks to my friend Robbie. I'll talk more about him or
2:18
Robert, I'll talk more about him later.
2:20
But if we do shoot off in the outer space, that's great,
2:23
right? If we go up 20-30 dollars in
2:26
gold, $0.75 and silver. But if we pull back tomorrow in
2:30
gold, if maybe we even pull back over the next two to three
2:33
weeks. Remember what we looked at
2:35
yesterday, right? September is traditionally a
2:39
very difficult month for precious metals.
2:42
If we do pull back and as long as we don't pull back too far,
2:47
if we pull back to 24123 fifty on gold, for instance, it'll
2:52
give us a chance to kind of catch our breath a little bit,
2:55
build an even more solid base that can be used to to catapult
2:59
the silver price and gold price, gold price much higher.
3:04
So I rarely say this and I don't know how you feel about this,
3:08
but going into tomorrow, these massive CPI inflation numbers,
3:13
really, I feel like no matter how it plays out, we are going
3:16
to be OK in the long run as we look out, you know, in the long
3:21
run down here in the basement, Christmas, no matter what
3:26
happens tomorrow, we, I, and maybe you join me in this
3:30
thought, maybe you don't. We're all entitled to our own
3:32
opinions, but I believe we could still easily see $44.00 silver
3:37
by Christmas. Now, what do you think's going
3:40
to happen with the CPI tomorrow? If you're a conspiracy theorist,
3:44
right, we're going to put our tinfoil hats on.
3:47
You would think that the powers that be would want the CPI
3:51
number to be very low for two reasons #1 the sitting political
3:58
power class could say, look, we've got inflation under
4:01
control. Look how well this by dynamics
4:04
system is working, right? It's working also, right?
4:09
So they could brag about that. But think about this also, if
4:13
inflation comes down, that means that the odds of 1/2 percentage
4:17
point of adjustment by the Fed next week, right?
4:22
A week from tomorrow is much more likely.
4:25
So we could, right, we could definitely see a low inflation
4:29
number tomorrow and as a result of that, the silver and gold
4:33
price taking off. We really, we, I can't believe
4:37
I'm saying this, we really don't want it to take off too much
4:41
right too fast. We want this to be slow and
4:44
steady stair step and and gold and silver have both done a
4:47
pretty good job of that over the past what, 6 months to 12
4:53
months? We looked at 12 month gold,
4:54
silver prices. You know, look how far we've
4:57
come guys in the last 12 months. You know when we're talking
5:00
about this. Next we're going to go, we're
5:02
going to look at record, near record.
5:03
We're going to focus in on silver near record prices or
5:07
record prices in many different countries around the world and
5:11
what that means for the silver price in U.S. dollars.
5:16
But let's run out and take a look.
5:18
Get an update on where the metals prices are.
5:20
This morning here we are at Pinbacks.
5:22
This is not the updated price. I'm going to press the magic
5:26
Pembex button and see where we go.
5:29
Hey, all right, yes, I need to be sound happier about that.
5:33
Yes, yes. Gold is up $2513 per oz and
5:40
silver up six cents at $28.44. Thank you to Pembex for
5:46
sponsoring Ron's Basement Guys. If you want to get your hands on
5:50
some silver, gold, or platinum group metals, go check out
5:54
Pmbeks. Check out their reputation,
5:56
check out their selection, right, Check out their prices.
6:01
And I think you'll find when an overwhelming number of our
6:04
fellow basement dwellers have found out, they're hard to beat.
6:08
The company really does check all the boxes.
6:12
And please, if you ever decide to convert part or all of an
6:15
IRA, an individual retirement account, to precious metals,
6:19
take your time #1 shop around, OK?
6:24
And talk to a number of different people, talk to pin
6:27
backs. Do yourself a favor, see what
6:29
they can do for you as well. And compare how many actual
6:32
ounces of metal you can get for your IRA money that you're
6:36
looking to convert from each of these different sources.
6:39
I think you'll be very, very happy with yourself.
6:43
And who doesn't want to be happy with themselves, right?
6:45
You deserve to be happy with yourself.
6:47
So do I. But you'll be happy with
6:49
yourself that you did. Talk to the guys at pmbex.
6:53
OK. Hey, thank you for being here.
6:55
I almost forgot the most important part of the show.
6:57
Thank you. Thank you I can't say thank you
7:00
enough it's a big deal that you join me here in the basement.
7:03
You basement dweller, you right, you're always welcome here.
7:07
You're part of the club, you're part of the group.
7:10
Please subscribe to the channel, turn on notifications, give this
7:14
video a thumbs up and Oh yeah, super chats are always super,
7:19
super appreciated. Now join me and it's a quick sip
7:22
of coffee and then we're going to talk about record high prices
7:26
in silver around the world and what that means for the silver
7:31
price in U.S. dollars. Let's start with Australia.
7:47
Is Australia at near all time highs for silver?
7:53
And let me get to the right slide.
7:56
Here we go. Oh, there we go.
8:05
Here we have it guys. The silver price in Australian
8:09
dollars. Do you see what's happening on
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the right hand side? The price is at or breaking out
8:15
into a new all time high category area.
8:19
You can also see on this chart a massive, what I would call
8:23
upward sloping cup and handle right, which is very, very good.
8:27
But what are we getting news from the ground about silver
8:31
availability and here we go in Australia.
8:35
This came to me this morning, he said.
8:39
Ron, we get weekly alerts from state to state letting us know
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gold and silver are in short supply.
8:48
Some bullion companies with multiple stores report regular
8:52
outages, regular outages. And as such, my orders come from
8:57
one of three states. So it's safe to say plenty of
9:01
Aussies are buying lots of physical metals that came from
9:06
Danielle Daniel Anderson 3553 from Australia, talking about
9:13
that. It's getting, According to him,
9:15
difficult to find precious metals in Australia.
9:18
Here's another one from a few days back.
9:21
Greetings from SA, I just checked my favorite bullion
9:24
shops price list. One ounce of silver is roughly
9:28
50 Canadian. I'm sorry, Australian dollars,
9:31
which is nothing extraordinary. It was higher a few months ago.
9:35
So we've got news of big demand coming, 4 silver from Australia
9:43
hitting new all time highs. Remember guys, I'm going to
9:47
plant the seed with you right now.
9:48
Remember what happened with gold about 18 months ago?
9:51
It was hitting all time highs all around the world except for
9:57
in U.S. dollars. And let's we're going to talk a
10:00
little bit about how that eventually played out, but let's
10:03
go now to our friends in Canada because things aren't much
10:10
different in Canada. Again, on this chart, you can
10:13
see a long term cup and handle. You see the big cup from about
10:18
what 1980 through 2011? And then you see a handle.
10:23
And in that handle on the far right side, you can see an
10:25
upside down or an inverse head and shoulders pattern that
10:30
appears to have broken out. Now while silver prices aren't
10:32
yet at all time highs in Canada, as far as I know, who knows,
10:36
right? That could have changed.
10:39
This is certainly a very bullish, bullish pattern in the
10:46
price in Canada is significantly higher relative to what we have
10:51
here in the United States. Next, let's go to India.
10:58
Look at the price of silver in India.
11:00
I don't know what do you, I call that a a skillet in handle
11:04
formation. I think we can definitely say
11:08
that we have all time high silver prices in India.
11:12
We've broken out. I mean, look at this, just what
11:15
in 2015 we look like we were about and even in 2000 probably
11:20
20 range we were at ₹1000. Now we're pressing up to ₹2500.
11:28
So absolutely we have an all time high silver price in India.
11:36
And just for kicks and giggles, why don't we check the silver
11:40
price in Argentina? That's ARS as you can see at the
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top of this chart. And this is only a two year
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silver price chart in Argentina. Unbelievable.
11:54
Two years ago it looked like the silver looks like the silver
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price was what about 2500 Argentine pesos?
12:02
Today the price is easily 10 times higher.
12:07
Two years silver has gone up by 10 times.
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Now of course, this is because they've had financial issues,
12:13
currency evaluation issues in Argentina.
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But guys, haven't we talked about this a lot in the past?
12:21
Those same laws of mathematics that apply to the fiscal
12:25
situation in Argentina, guess what?
12:28
Those same laws do apply to the United States.
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Eventually mathematics went out. Eventually Mother Nature wins
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out. So what we've shown on these
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four charts is that all around the world we have record all
12:43
time high or near all time high, approaching all time high prices
12:49
for silver. Think back 18 months ago, the
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same story was unfolding with gold.
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All these big articles. Gold has reached all time highs
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in almost every foreign market. You know, Australia, Canada,
13:05
Argentina, China, India, everywhere in the world except
13:09
the United States. We were sitting there with like
13:12
$2000 gold, $2100 gold and eventually, eventually what
13:18
happened, right? the United States gold price
13:21
caught up with the rest of the world.
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We hit all time highs right back in December.
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We sat down here in the basement together.
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Remember basement dwellers, we had the Christmas tree lit.
13:32
It was the holiday season. We were fighting for $2100 gold
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while the rest of the world, those, those snakes in the
13:42
grass, the rest of the world was enjoying all time high record
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prices in gold. And you and I sat down here with
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a with a high level of courage and said that we thought gold
13:56
was going to hit $2500. Remember that bear?
13:59
See that right 2500? He used to be blindfolded,
14:03
right? Yeah.
14:04
We said we'd hit $2500 gold by May and we were wrong.
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We hit like $2475 gold, but eventually that number was hit.
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And I'm here to tell you eventually, OK, eventually that
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all time nominal high for silver will also be hit in the United
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States, just like it's being hit in India, Argentina, Australia,
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approaching in Canada and a lot of other countries.
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The list can go on and on and on.
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Because I want you to think about this.
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Those massive cup and handles that we saw in the Origin, I'm
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sorry, in the Australian chart, also in the Canadian chart,
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those are powerful. Those will eventually, if enough
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other countries around the world are combined with massive upward
14:57
moves and silver eventually, right, the COMEX and the LBMA in
15:02
the United States silver market will be, will be helpless
15:06
against fighting, right. They will be overtaken by those
15:10
markets because over there more and more people will buy silver
15:15
will will move into the market. And on top of that, we're in
15:19
this environment right now, guys, that that, that, that,
15:25
that even with what's going on with the BRICS countries and the
15:28
rest of the world, the rest of the world, this is so different
15:31
right now than even what we had in 1980.
15:35
The precious metal landscape. You are living in a different
15:39
world, OK? The BRICS countries, Brazil,
15:43
Russia, India, China, South Africa, Iran, maybe Saudi
15:47
Arabia, Ethiopia, Egypt, the United Arab Emirates and many
15:52
more that want to join. They are buying precious metals
15:56
like crazy. This is a different environment
15:59
where this the short term price manipulation, right or long term
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price manipulation that's gone on at the COMEX in the LBMA will
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be overpowered by forces that are much larger right than with
16:15
the little COMEX in the little LBMA can handle.
16:18
It's a battle. It's a massive, massive battle.
16:21
OK. And on top of that, the bonus
16:25
factor, before we forget last point on the silver bonanza that
16:31
we're living through even in the United States.
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Oh, I have to show this to you. Sorry here.
16:36
Hold on guys, even in the United States, this is the price of
16:41
silver in U.S. dollars. Don't forget, we also have a
16:45
massive cup and handle here on our chart, which will also
16:50
provide even more fuel to a rally within silver within the
16:55
United States and with the US dollar.
16:58
We can't forget, right, independent of of everything
17:02
else going on in the world, which is critical, everything
17:04
else going on in the world in these other markets, even
17:07
domestically in the United States, we are in this cup and
17:11
handle is, is what every technical analyst calls an epic
17:16
once in a lifetime. I I believe that guy Jordan Roy
17:21
Byrne from the daily goal and he said it's a, he said it's a,
17:25
it's a, it's one for the textbooks when this breaks out.
17:28
So it's going to happen and it's going to be absolutely beautiful
17:32
and you and I are going to enjoy it together because because we
17:36
like to hang out here in the basement.
17:37
Really. I so much appreciate you coming
17:39
down here and hanging out with me today and every day.
17:44
You're part of the group. Welcome, welcome, basement
17:46
dweller. OK, all right, let's move on
17:50
here because and why I got another one more point to make
17:55
on all this all time highs and all these different currencies
17:58
for silver. We got to remember this those
18:02
those prices and including the US dollar, that's all Fiat.
18:06
That's all. You know on one side of the
18:08
seesaw you've got precious metals, gold and silver.
18:12
On the other side of the seesaw, you got a bunch of paper money,
18:16
a bunch of make believe paper money period.
18:20
That's all that it is. So you know, as that paper money
18:26
continues to get printed more and more and more, that also
18:30
will provide a great deal of support to the precious metals
18:34
prices. All right, let's move on here.
18:39
Let's go to the cage match. I put together a new document
18:42
for you I want to share. Let's take a look at this guy's
18:46
because this is probably the biggest story going on right now
18:51
in the world of precious metals. This will take us just a minute
18:54
to get through, but it is critical dollar versus the
18:58
precious metals. I was calling it a cage match,
19:01
OK? I was calling it a street fight.
19:04
But really what this is, I think is more of a showdown, you know,
19:09
a showdown at the OK Corral or however you want to say it,
19:12
because remember, we had Bank of America say this.
19:19
Bank of America analysts estimate the gold.
19:22
Gold has now surpassed the euro to become the world's largest
19:28
reserve asset, second only to the US dollar.
19:34
Right now, it's a fight between the US dollar and gold, the US
19:39
dollar and precious metals. And I love this Ding, Ding,
19:44
Ding. So we've got like 2 fighters,
19:45
right? Two people at the at the
19:47
showdown. And in this corner you've got
19:50
the US dollar backed by 50 year history of depreciation.
19:55
Ever since President Nixon took it off the gold standard, it's
19:58
lost 98% of its value relative to gold and the US dollar.
20:03
It's been training hard. It's racked up over $35 trillion
20:07
in debt. That's what that fighter has
20:10
working for them. OK, and it, but in this corner
20:14
we have silver and gold. Oh, they're backed up by a solid
20:18
5000 year history as a store of value, a perfect store of value.
20:26
Oh, and by the way, that's everywhere, every inch of this
20:29
planet that we live on. OK, those are the fighters.
20:33
OK, but we need to consider, we also need to consider this
20:37
because we got to make a bet on one of these, right?
20:39
It's like we're at A at a fight and in Vegas or something.
20:42
We need to put a bet on it. OK, so here's some other notes
20:46
that are on the the tip sheet that you just bought.
20:49
Silver and gold had been in this exact same fight hundreds of
20:52
times over the last 5000 years. They've fought against many
20:55
paper Fiat currencies hundreds of times, right?
20:58
Lynette Zhang. A lot of these people have piles
21:01
of worthless paper money that's been created and become
21:04
worthless over the last hundreds and thousands of years.
21:09
So silver and gold, having been in this fight many times, they
21:12
have a perfect record. They've won every time #2.
21:16
The dollar is afraid. They don't want this fight.
21:19
They just wish gold and silver would go away, right #3 Could
21:25
the USA little little conspiracy theories possibly.
21:28
Could the USA get dirty or had they already gotten dirty, some
21:33
people may say in their attempts to defend the dollar price
21:38
manipulation? Are the BRICS countries
21:42
preparing to hasten the return to this gold standard in the
21:46
completion of this fight? And final note that we need to
21:49
consider is that even the United States proves that silver and
21:55
gold are the best, right? It's in our Constitution from
22:00
our founding fathers. And the greatest years of
22:04
accomplishments that we had in the United States were under a
22:07
bimetallic monetary system, right, the gold standard and
22:11
when we had real metals in our money, no doubt about it.
22:18
So that's what we've got going on.
22:21
When we look at when we look at this fight that's going on,
22:24
right, It's no wonder that we're seeing record silver, record
22:28
gold prices, but also at the same time record silver prices
22:33
in many countries throughout the world.
22:36
All right, let's talk. This is fascinating.
22:39
Our friend Pierce from Ireland, right?
22:42
I like to call him our our lucky leprechaun put together an
22:46
unbelievable little piece of, of research for us basement
22:50
dwellers. He really comes up with some
22:53
interesting ideas and I want to share this with you talking
22:58
about about the silver price and, and what we deal with with
23:02
the silver price. He said.
23:03
Hello Ron, this is from again from our friend Pierce in
23:06
Limerick, Ireland. There has never been a better
23:09
time to illustrate why buying silver when price when, when the
23:14
price dips makes sense. OK, when the price goes down,
23:19
never been a better time to buy silver.
23:21
Stack silver for quote low prices and forget about buying
23:28
for the highs, OK? This will only depress you when
23:32
silver falls, OK? What he's saying is focus on the
23:36
lows. Don't focus on the highs.
23:39
Because yeah, then when the price falls, then you get
23:42
depressed, OK? Just look below.
23:45
He proves this. All the recent silver low prices
23:50
have continued to go higher and higher and higher.
23:54
So what he's saying is that silver is setting a consecutive
23:58
streak of higher lows by such, by such observations, silver is
24:04
now in a bull market. Hold on one second.
24:14
So he illustrates this by showing a silver the five year
24:17
low $12.00, three-year low $17.00, one year low $21.00.
24:23
Over the last six months, the lowest silver has gotten his
24:26
$24.00. Three months 2651, month 2723,
24:33
one week 2721. Do you see what he's saying?
24:37
He's saying his focus on buying at the Lowe's and focus on the
24:40
fact that through now, when we look at the last five years for
24:45
instance, the lows continue to go higher and higher and higher
24:50
and higher. Sure, we're going to get hit new
24:52
highs guys and you know we're going to love that, no doubt
24:55
about it. We're going to follow the lead
24:59
of Canada, Australia, India, Argentina.
25:03
Next on the list will be the United States.
25:05
But in the interim, what we can look at, and that makes sense to
25:09
me because you know, I've been buying, I bought silver over
25:13
like a 20 year period. I did buy a good chunk of silver
25:18
when it was $15.16 dollars, $1822 per oz, right?
25:25
So now when the price goes to 32, I'm like, yeah, that's
25:28
great, that's awesome. But when it pulls back to where
25:32
we are now, where are we? Let's go do an update.
25:35
Let's do it. Let's have some courage,
25:37
basement dwellers. It could be, it could be good,
25:40
it could be bad. Let's hope we have silver still
25:42
in the green silver, we do up a penny gold of $3.42.
25:49
But when we look at that silver price, 2838, if you buy over
25:55
time and even if you're just starting to buy right now,
25:59
right? If you buy consistently over
26:01
time and as the price continues to go up and the new lows are
26:06
much higher than the previous lows and higher than where you
26:10
bought, well, guess what, buttercup, you're in good shape,
26:13
right? You're doing great with your
26:15
investment. OK, let's go to this next, next
26:20
article. This is this is crazy. 17
26:24
billion ounces of silver. I have something to share with
26:28
you guys here. This has to do with solar.
26:30
This has to do with silver. Oops.
26:33
There we go. Hold on here, this came from the
26:40
website ecoticius.com. It was eco something the biggest
26:46
project in history begins. 52 billion solar panels.
26:53
Now remember right how many, how much silver is in each solar
26:56
panel? 2/3 of an ounce of silver per
27:00
solar panel says here. For a long time the world of of
27:09
of the energy and automotive industries has been striving to
27:12
find a solution to the high carbon emissions coming from
27:16
these sectors. Now a mega project has been
27:20
launched to turn on more than 52 billion solar panels.
27:25
It seems to be science fictional, but now it has been
27:29
confirmed. I just want to point out I am
27:33
viewing this article with a high degree of skepticism and I'll
27:37
tell you why in a second. And then I would say this, I
27:40
would, I would, I would categorize this article under
27:43
speculation. But it was so interesting.
27:46
And even if it's part way true, it would be, it would be
27:52
cataclysmic in a good way for the silver market.
27:56
So I said, PS oops, sorry, it went the wrong way there.
28:00
PS The red, red writing's mine. You're going to need 34 billion
28:04
ounces of silver to install 52 billion solar panels because
28:10
there's 2/3 of an ounce of silver in each panel, and 2/3 of
28:15
52 billion would be 34 billion ounces of silver.
28:20
There's a promising project leaves the energy sector in
28:23
tenterhooks. I looked up tenterhooks.
28:26
I didn't know what it means. It's like a hook that you hang
28:29
meat from or laundry or something.
28:31
I don't know. Anyway, that's what a tenterhook
28:34
is. We're talking about the
28:36
innovative study published by the magazine Earth's Future,
28:41
which evaluates the great advantages that would have the
28:46
application of a large number of solar panels along the most
28:50
frequented highways and main roads of certain cities.
28:54
In this way, a positive contribution would be made to
28:59
the generation of clean energy and traffic losses.
29:02
Let's go back up here to the top and look at this picture.
29:06
So this is what they're talking about, putting solar panels
29:09
above highways, which kind of makes sense because it would
29:14
shelter the roads from weather. But there's, there's already the
29:19
open space there that, you know, you wouldn't need these millions
29:22
of acres for solar farms. And I would imagine also that
29:26
there's electrical infrastructure typically pretty
29:30
close to roads that the that the electricity that was generated
29:34
could be fed into. So an interesting idea, but
29:37
let's dig in here a little deeper.
29:41
According to the aforementioned study, it was concluded that by
29:46
covering with solar panels more than four times the energy
29:50
production per year, the United States would be obtained and we
29:54
if every Rd. was covered with solar panels, even offsetting
29:58
almost 30% of the carbon dioxide emissions that are currently
30:02
emitted annually, contributing significantly to the
30:05
neutralization of this delicate and harmful greenhouse gas.
30:10
Some challenges we're talking about the production cost of
30:13
this amount of solar panels, which would represent an obvious
30:16
problem since we're talking about 3.2 million kilometers of
30:20
highways throughout the world, not to mention the large, large
30:24
structures needed to be to to place the solar panels several
30:28
meters above the ground, it says.
30:31
Although this study represents little feasibility in practice,
30:36
several countries around the world are beginning to develop
30:39
projects of this type, occupying spaces already built to benefit
30:43
from photovatallic energy and leaving fertile land areas to
30:47
other types of projects. So they even admit this is a
30:50
little far-flung. However, what we are seeing with
30:54
this explosion in solar, right, is that they're starting to use
30:58
existing infrastructure, existing structures to integrate
31:04
solar power generation. You hear about new panels for
31:07
buildings, fence panels, fencing panels that that that, that,
31:12
that have solar panels integrated into them.
31:14
So it's very interesting. Again, we're talking about 34
31:18
billion potential ounces of silver.
31:22
We'll see how that one all plays out.
31:24
Guys. Tomorrow is the big day.
31:27
Tomorrow is the big day. OK.
31:28
We're going to be OK either way. We're going to hear from, we're
31:31
going to hear what some people like to call.
31:34
Have you ever heard them called this?
31:36
Not the CPI, but the CPI, right? We know the real stats on
31:41
inflation are staggering. We know the long term picture
31:44
for inflation and where the the value of the dollar is going,
31:50
right? But but in terms of short term
31:53
micro focus, everybody will believe the number that comes
31:57
out tomorrow. It'll be on CNBC, it'll be
31:59
everywhere. It's going to move the silver
32:01
and gold markets in a big, big way.
32:04
I would expect big volatility tomorrow in the markets.
32:08
Be prepared. Buckle up, buttercup, right?
32:11
But remember, long term, the picture remains the same.
32:17
Let's go out for fun because we love.
32:21
Let's check and see if they got silver negative yet.
32:24
They did three cents. That's all right.
32:28
You know what, We'll come back one more time.
32:30
First off, let's go. Let's go out here.
32:40
There we are. OK, OK.
32:47
We're, I mean, we just hit 35 trillion.
32:49
Now we're almost at 35 trillion, 304, three, whatever, 400
32:55
billion, OK? This is why inflation will
33:00
continue to skyrocket, because inflation is the same thing,
33:05
right? Is the exact same thing as
33:08
saying loss in value in the dollar, right?
33:11
It's six or one half dozen the other.
33:13
You can call it inflation or you can say my dollar lost value,
33:18
right? My dollar that used to buy me a
33:21
box of Nerds candy at the dollar store right now doesn't buy me a
33:27
box of Nerds candy at the dollar store.
33:30
A very simple example. Because now you need $1.25.
33:34
This is why inflation will continue to skyrocket when we go
33:38
down here, right? Social Security 1.5 trillion per
33:42
year. Medicare and Medicaid, 1.8
33:44
trillion per year. National Defense, we're spending
33:48
900 billion per year. Oh, but also now just on
33:53
interest expense alone on our national debt, we're spending
33:56
almost a trillion dollars per year.
34:00
And that is only going to explode higher because all of
34:05
the deficit the, the, the, the government is spending.
34:08
Somebody told me last night, 2 trillion more.
34:11
I mean, it's hard to keep track, right?
34:13
All this, the interest expense is going up that adds to the
34:17
national debt while at the same time independent of that the
34:22
government continues to spend more and more money than they
34:26
are bringing in. Let's take a run down here and
34:29
look at the oh, look at this guys.
34:32
It went down, right? No, it didn't.
34:36
I'm sorry. The dollar to silver ratio
34:38
continues to go up. Today we're at 482 new dollars
34:43
being created every year, 482 new dollars for each one ounce
34:50
of silver. It's getting out of control.
34:54
That is why. Absolutely you'll have higher
34:59
inflation, right? Or you can call it loss in value
35:02
in the dollar. There's no other way around it.
35:05
It's mathematics, right? And at some point you need to.
35:08
I was talking with my friend Sean last night, CPA, super rich
35:14
guy, super successful, self-made, very smart.
35:17
And we were and we were talking about the reality of what's
35:20
going on right now in this country.
35:23
Our country is soon going to be faced with the prospect of not
35:27
being able to get financing right.
35:30
I mean, that's the reality. The, the, the, the, the, the,
35:34
the United States has so much debt and it's going to need to
35:38
continue to have buyers for that debt.
35:41
The only way that people are going to buy the debt, they're
35:44
not stupid is if there's a high interest rate.
35:47
If there's a high interest rate, that makes that interest expense
35:50
get higher, which makes the whole debt level get higher,
35:54
which then makes the interest rate get even higher, which
35:57
makes the whole interest expense go higher, which makes the whole
36:00
debt go even higher. While all the while our
36:03
government spending like drunken sailors.
36:06
As an aside, adding to the national debt, it's a spiral.
36:10
So we're going to be faced with a what do you do when you owe a
36:13
big massive debt? Anybody, any country, anything,
36:16
you either default, right? Or in the case of the United
36:21
States, the only thing they're going to be able to do is
36:23
monetize the debt, right? the Fed is going to have to
36:27
print money, print money out of thin air, kind of like they did
36:33
four years ago when they printed 40% of the US dollars that have
36:37
ever been in existence. Print money out of thin air to
36:41
buy the debt, monetize the debt. It's the ultimate smoke and
36:45
mirrors. It's the ultimate spiral,
36:47
unfortunately, of of unfortunate circumstances, which will only
36:52
lead to further when the gut when the when the Fed starts
36:55
printing just to buy the debt, which they've done in the past
36:58
already, right? That's that's when you see the
37:03
value of the dollar go down, which remember what we just
37:07
talked about is the same thing as saying inflation, high
37:10
inflation, real high inflation. All right, guys, that's when
37:15
that's when you go to the grocery store.
37:18
I want you to envision yourself going into the grocery store and
37:22
going to get that gallon of milk that my wife Susie asked you to
37:25
pick up for us. And that gallon of milk that
37:29
cost $4.00 right? In 2024, right now, right?
37:34
18 months from now, cost $7.00 or 8 or 9 or possibly even more,
37:39
even 550. Whatever the case may be.
37:42
You're not going to be shocked. But you know who will be
37:45
shocked? That 90%, I don't want to put
37:49
these people down, but the sheeple, right?
37:52
The people who just watch, watch TV and don't ever think about
37:55
anything, believe everything they're bought their TV says to
37:58
them, whether it's whatever it is, whether it's Fox, MSNBCCNN,
38:03
whatever. They just listen to their TV.
38:05
They watch a lot of pharmaceutical commercials, a
38:07
lot of car insurance commercials and they get fed a lot of news
38:11
that is not really the news, right?
38:15
They're going to go in to buy that gallon of milk and they're
38:17
going to be shocked. And you know what they're going
38:19
to do? They're going to want to they're
38:20
going to want to protect themselves and they will at that
38:23
point, and it's only going to take a few.
38:26
This is what's so exciting. Potentially don't make any
38:30
financial decisions based on anything I'm saying, but so
38:33
exciting for us precious metals investors.
38:36
The fact that you and me, right, our group here, US basement
38:40
dwellers and I'll say one last time, thank you for being here.
38:44
Thank you for subscribing, Thank you for the thumbs up, Thank you
38:47
for the Super chats, which I need to recognize here in one
38:50
second, right? But what's so exciting is we're
38:54
only one in one in 200 people in the United States.
38:58
Sounds like in Australia they got a lot more China, India they
39:02
got. But in the United States, you're
39:04
part of a very elite group of people.
39:06
Don't tell anybody because just a few of those people when they
39:15
wake up, when they realize like, wow, my dollar is becoming
39:19
worthless. I've been through this before,
39:22
Gomer. I remember 4 years ago, right
39:25
when I used to buy a bag of Doritos for $2.00, and now
39:28
Doritos cost $4.00 and now Doritos cost $8.
39:34
I need to do something about this, huh?
39:36
Well, I can't put my money into ACD at the bank because now
39:40
they're only paying 2%. The stock market's down.
39:44
Real estate's a bubble. What am I going to do?
39:48
Oh, yeah. Gold and silver at the bottom
39:50
line is everybody knows. All right?
39:53
It's weird. Think about this.
39:56
Everybody in America, we're, we're part of that one in 200
39:59
group. But at the same time.
40:01
Every single person in this country knows that gold and
40:04
silver are valuable. It's weird.
40:07
It's like they're taught that they know that.
40:10
My kids know it. They're 12 years old.
40:12
They know gold and silver are valuable.
40:14
Not just because their dad's a precious metals freak.
40:17
No, because every little video game they play, they collect
40:21
gold and silver coins, right? Everybody knows.
40:24
So the the seed think about. I never thought of, wow, this is
40:27
big. The seeds are planted all around
40:32
the country, everywhere, everybody.
40:35
You see, the people at the bus stop, right?
40:37
The people on Wall Street, the seeds planted, they know that
40:42
gold and silver are valuable right now.
40:46
They just need that seed to be watered, right?
40:48
And we can't do that. Trust me.
40:51
The last thing that you ever want to do is try to convert
40:56
somebody into becoming a precious metals enthusiast.
40:59
It really has to happen on their own.
41:01
They have to hit rock bottom on their own.
41:03
And then in their, in their, in their depression and
41:06
desperation, they start to, they start to investigate what's out
41:10
there and they, they naturally find silver and gold.
41:14
So when that happens, it is so exciting guys.
41:18
It is, it is so exciting to think that that it's just a few
41:22
of those people start to come. They'll be room for them to join
41:25
us. But when it gets even bigger,
41:28
we're talking multiples. I think that guy, forget his
41:31
name, Doug Casey, right? The demand it.
41:34
He says it's like trying to trying to drain Hoover Dam with
41:38
a garden hose. Because the this, the whole
41:42
precious metal sector is so small, It's just going to take a
41:46
little bit of new people. They have a massive impact on
41:50
the silver price, a massive impact on the gold price, a
41:55
massive impact on the precious metal mining stocks.
42:01
I mean, the whole silver mining sector.
42:04
The market cap of every silver miner in the world combined,
42:08
last I checked, was less than Home Depot.
42:11
One company, not even that a big company, a huge company, but not
42:14
the biggest Home Depot. I mean, it's probably like Apple
42:18
computer alone, but the cash they have could buy every silver
42:23
mining company in the world probably two or three times
42:26
over. OK, I'm not, I'm I'm just using
42:29
that as an example. I've I've looked at these things
42:31
in the bed. That's I'm confident in that,
42:34
but I'm not giving you like research making a point how
42:41
small this sector really truly is.
42:46
And because it's small, right, you people like, oh, it's so
42:49
small. That's good, guys, that's good,
42:53
right, right. The fact that we got silver at
42:56
we'll go check one more time. Let's be happy.
43:00
The fact that we got silver. Heck, let's hope it's down some
43:02
more. What the heck, it is 2824, but
43:07
we know, we know, we know from looking at the relationship of
43:11
silver to gold, silver should be 10 times higher.
43:15
We know when looking at the relationship of silver to
43:18
copper, it's other half brother, the the price should be 9 times
43:23
higher. Sorry, 9 times higher on both of
43:26
those. OK, that's a fact.
43:28
So when we look at silver, right, we know that there's a
43:32
bright, shiny, shiny future. Hey, I want to say thank you to
43:35
channel sponsor First Mining Gold.
43:38
They're a Canadian gold developer with two multi million
43:41
ounce projects in Canada. Also Fortuna Mining, a producing
43:45
gold and silver mining company, successful operations in Latin
43:50
America and West Africa. You can learn more about both of
43:54
them at their respective websites, to which there's a
43:57
link in the description of this video, and of course, our
44:00
friends at Pi MB EX. Don't forget, if you're looking
44:03
to get your hands on silver gold, please do yourself a favor
44:07
and check out Pembex. Thank you.
44:09
Oh, I forgot. Hold on here guys, man, Don how?
44:13
Thank you for the Super chat guys.
44:15
They go a long way to help support the family.
44:18
What, Don? What, $199?
44:24
I'm shocked. Thank you, Don.
44:26
Wow. It's hard for me to remember
44:29
everything when I'm doing these live streams.
44:32
And I almost didn't see that. And that would have been tragic.
44:35
Don. Thank you.
44:37
OK, guys, Don is one of us, right?
44:41
One of us. We're all a bunch of individuals
44:45
coming together to talk about what we love, silver and gold,
44:49
how we protect ourselves. Really, I mean, what really
44:52
drives us if we take a step back and why we are into the precious
44:57
metals? It's about protecting ourselves.
44:59
It's one of our natural human instincts.
45:02
We want to provide safety and security for ourselves, right?
45:07
We got to be safe and secure. But of course, our families, our
45:10
loved ones, our friends, our family, and that's one thing
45:13
that we all are here in the basement is a lot of friends.
45:17
Sure, some riff raff shows up from time to time, but man, I'm
45:21
telling you something. I know about you for sure.
45:24
The people that come to the basement are super nice people.
45:29
OK, you can make a lot of friends here.
45:30
Leave a comment in the comment section.
45:32
As you can see, I love to read your comments.
45:34
Your thoughts matter, right? You don't have to agree with
45:37
everything I say or anybody says, but together we can learn
45:41
a heck of a lot more than if we're just on our own trying to
45:45
figure all this out by ourselves.
45:47
So thank you guys. Thanks again, Don for that
45:50
massive, very, very generous super chat.
45:54
Let's go silver and gold be ready tomorrow.
45:57
It's going to be a crazy morning about 24 hours from now.
46:01
We're going to have a big move either way in the silver and
46:03
gold market. But remember guys, even if we
46:06
pull back, I think we're in we're in a really good spot
46:10
either way, right? We don't want to pull back
46:12
silver, anything less than 265027 ish range gold, we don't
46:18
want to get below 2350 in that range.
46:21
But even if we do pull back, I think we're going to be building
46:24
some good strong bases to go forward.
46:26
And hey, we could very well have positive movements tomorrow in
46:30
the metals. One thing for sure, we'll find
46:32
out together. Thank you to the moderators,
46:34
Thank you to Jake from Jake's custom parts, Annie Oakley, big
46:37
Tim Silvershire silver. Susie, I'll see you guys
46:40
tomorrow. Thank you for being here.
46:42
Have a great day. Thank you.
46:49
I forgot to hit it.