Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **UPATE** Fed rate Cut -- $32 Silver in Q3 -- Silver and Gold Medals Paris 2024 (made of Iron?)

Transcript

**UPATE** Fed rate Cut -- $32 Silver in Q3 -- Silver and Gold Medals Paris 2024 (made of Iron?) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:02
  Hey guys, welcome to the basement.
• 0:04
  Welcome. To the live.
• 0:05
  Stream. Well, it's not.
• 0:06
  Just me and you. That thinks that the silver.
• 0:08
  Price should be higher. We're going to hear what a.
• 0:11
  Top analyst from London, England tells us.
• 0:15
  About what we. Could expect for the silver
• 0:18
  price in the third quarter and if I have it correct, we're in
• 0:21
  the third quarter right now. But today was the biggest
• 0:25
  Newsday of the year. Remember the?
• 0:27
  Pete CE report the Federal Reserves favorite.
• 0:31
  Inflation gauge report. Came out today will.
• 0:34
  We. See a Fed rate cut.
• 0:36
  Next week, I think according to my calendar, the Fed is meeting
• 0:41
  on the 30th and 31st. Of next week.
• 0:44
  Could they shock us? With a rate cut, we'll talk
• 0:46
  about that, but we'll. Talk about why.
• 0:48
  Really, guys? Really, really, really.
• 0:53
  You want to know what's really going on?
• 0:54
  Well. We're going to talk about.
• 0:55
  That and how this is all just a bunch.
• 0:57
  Of smoke and mirrors. But even more interesting.
• 0:59
  I was fascinated to learn something.
• 1:02
  You know the big Paris Olympics are coming up, so anything like
• 1:05
  you like my house, I'll have to be.
• 1:07
  Forced to hear the Olympics. Going on all the time because
• 1:09
  yeah, it's a big deal. Whatever my kids will.
• 1:11
  Probably watch it, Susie. But what?
• 1:13
  About those medals, those gold medals, you ever wonder what
• 1:17
  they're really made-up and there's something.
• 1:20
  Shocking, you may think. You know what the medals are
• 1:23
  made of, but there's something even more shocking and we'll.
• 1:24
  Cover that as well. Let's dig in.
• 1:27
  First, though, the big big. News story of the morning.
• 1:31
  Which was which? Is this the PCE report OK?
• 1:38
  This comes to us from. The the feds Hold on a second
• 1:42
  here. Hopefully I didn't lose you
• 1:43
  guys. Nope.
• 1:44
  We're still here. Thank you.
• 1:47
  This was the big news of the. Day right the Fed oh the feds
• 1:51
  going to. This is the number they.
• 1:52
  Watched the feds preferred. Inflation gauge.
• 1:55
  Now this is what Yahoo Finance is saying.
• 1:58
  Shows prices rose at the slowest pace since.
• 2:01
  March of 20. 21 and then listen to what they go on to say down
• 2:05
  here, OK? The latest reading of the.
• 2:08
  Fed's preferred inflation gauge showed prices increased.
• 2:11
  Slightly more. Than expected in June.
• 2:15
  Now isn't that kind of contradictory?
• 2:17
  The core PCE index which. Strips out the cost of.
• 2:20
  Food and energy and is. Closely watched by the Fed.
• 2:23
  Rose 2.6% over the prior year in June.
• 2:27
  So that means we're paying almost 3% more for everything
• 2:31
  right now. Above economist estimates of
• 2:33
  2.5% increase in unchanged from the prior month.
• 2:38
  Still the print marked the lowest.
• 2:41
  Annual increase for core PCE in more than three years.
• 2:46
  So are you confused yet? I am a little.
• 2:48
  Bit was this a good report? Was this a?
• 2:50
  Bad report. Let's go out.
• 2:53
  And see how Gold reacted to all this.
• 2:55
  Let's update. Here we're at Pin Backs, channel
• 2:57
  sponsor Pin Backs. We're going to press the Magic
• 2:59
  Pin Backs button and get an 0. OK, wow.
• 3:03
  Gold's up $25.00 an ounce to $2390.00 if we round up.
• 3:09
  Silver acting peculiar lately, right?
• 3:12
  Wow, I bet the gold to silver ratio is.
• 3:14
  Really getting stretched silver at $27.87.
• 3:18
  While we're here, I just want to mention.
• 3:19
  To you if you want to get your hands on some.
• 3:22
  Gold, Silver, Platinum, Group Metals.
• 3:25
  Do yourself a big. Favor when you're shopping, shop
• 3:28
  around. I'm always encouraged that and I
• 3:30
  think what you'll find is that if you.
• 3:33
  Put. Pin backs into the mix and
• 3:35
  compare what they can do. For you with the other.
• 3:38
  Big online bullion dealers. You'll be very, very happy.
• 3:42
  You will. Get more metal for your money.
• 3:45
  It's a company you can trust and you'll have a great customer
• 3:49
  experience. The other big thing I want to
• 3:51
  recommend to you is if you ever decide to convert part or all of
• 3:55
  an IRA into precious metals. Look, I'm not a financial
• 3:59
  advisor. I don't give financial.
• 4:01
  Advice, but I will give you this.
• 4:03
  One strong piece of advice, compare what you can get from a
• 4:08
  company like. PMBEX with an IRA.
• 4:10
  Conversion to what you can get from some of those big companies
• 4:12
  that promise you things like. $10,000 in free.
• 4:17
  Silver or you know, other. Really.
• 4:19
  Crazy things that maybe seem. Too good to be true, Because
• 4:22
  usually if they do. Seem too good to be.
• 4:24
  True, they can be. Too good to be.
• 4:27
  True. So just remember.
• 4:28
  That if you ever decide, please talk to the.
• 4:31
  Guys at Pmbex talk to a number of different people.
• 4:35
  If you're going to convert an IRA or if you're just going to
• 4:37
  buy some silver, gold, compare how much actual metal, how many
• 4:40
  ounces you're going to get for the amount of Fiat money,
• 4:44
  dollars, paper money that you're going to convert into precious
• 4:48
  metals. All right, let's get back to
• 4:49
  this. Oh yeah, we're talking about the
• 4:52
  biggest. News story of the year, which
• 4:54
  was so gold, likes this. Right, let's go down.
• 4:58
  Here a little further now does this.
• 5:00
  Mean the Fed. Is going to cut rates.
• 5:01
  In July? I don't know.
• 5:06
  What do you think? Right, nobody.
• 5:08
  Thinks they will OK the core. PCE.
• 5:11
  Rose two point a .2% in line with.
• 5:14
  Wall Street's expectations. The report follows a recent
• 5:18
  promising Inflation prints right inflation.
• 5:20
  'S going down and America, it's a great place.
• 5:23
  Don't you feel it? Don't we feel it when we're out
• 5:25
  there, Right? Inflation's coming.
• 5:27
  Down. We all feel so.
• 5:29
  Rich Oh, wait a minute. Like 70% of Americans are living
• 5:33
  paycheck to paycheck, but nonetheless, everything's great.
• 5:36
  If we listen to the. Government right ahead.
• 5:39
  Of Friday's PCE release. Jerome Powell had been saying
• 5:42
  things like recent inflation data quote, UN quote, added
• 5:46
  somewhat to confidence inflation is moving.
• 5:48
  Forward markets widely expect. The Fed will hold.
• 5:52
  Interest rates steady in July. Which is next week, their July
• 5:56
  meeting before initiating its first interest rate cut in
• 6:00
  September. All right.
• 6:01
  Here's what's Really going on, guys.
• 6:03
  Here's what's really happening. Smoke and mirrors, OK?
• 6:09
  The Fed. Cannot fight inflation right
• 6:12
  the. FED has.
• 6:13
  Lost control of inflation. The Fed has lost control.
• 6:17
  Of their ability. To control inflation like they
• 6:21
  had maybe 10 or 15 years ago. So now it's all smoke and
• 6:25
  mirrors, OK? Inflation, this is this is key
• 6:27
  to understand. Inflation can take off again.
• 6:32
  Interest rates can stay where they are.
• 6:34
  Right now, OK, and gold. And silver can still.
• 6:37
  Do very, very well, OK. It's it's like if.
• 6:41
  If if in an if, if it were an ideal world and the Fed could
• 6:45
  control inflation and they got inflation really down to like 2
• 6:50
  or 3% and kept it there and they.
• 6:53
  Lowered rates by like 1. Percent or so they can't.
• 6:56
  Lower rates, guys, they cannot significantly lower interest.
• 7:01
  Rates. Because nobody will want to buy
• 7:04
  the US debt. OK, we are in this this
• 7:07
  synthetic make believe funhouse monetary policy world.
• 7:13
  Right now it is so. Confusing.
• 7:15
  Do you feel confused? Right.
• 7:17
  You're not alone. I think everybody, I think even
• 7:20
  Jerome Powell, is confused. Like we've.
• 7:22
  Created a monster type situation.
• 7:26
  Right. And they purposely make it very
• 7:28
  confusing and purposely make it into the.
• 7:31
  But at the end of the day, you got to think about.
• 7:34
  Something. They can't lower rates
• 7:36
  significantly because nobody. Will buy the US debt.
• 7:40
  OK. And if they do want to force
• 7:43
  that if they want to. Force that matter.
• 7:45
  This is what the Japanese. Tried OK, then the Fed.
• 7:49
  Can print money can make Unicorn fart dust money out of nothing,
• 7:52
  right and. Buy the US debt.
• 7:54
  Right, it's called yield. Curve control force the interest
• 7:57
  rates down. It doesn't matter right at the
• 8:01
  end of it if they do that that. Destroys the value of the.
• 8:04
  Dollar that makes the value. Of your gold and silver.
• 8:07
  Go higher. I mean, look, we.
• 8:09
  Need to look. No, no more further than.
• 8:12
  This we won't. Spend a lot of time here.
• 8:14
  Today we are fastly quickly approaching right, Could you
• 8:18
  see? It $35 trillion.
• 8:21
  In in debt, I think there's like 10 trillion.
• 8:24
  That needs to be. Refinanced, I don't.
• 8:26
  Know in the next. 1224 months, some crazy.
• 8:28
  Number. OK, nobody wants to buy.
• 8:31
  Nobody's going to pay. Nobody's going to.
• 8:33
  Buy that debt at low. Interest rates, it's just not
• 8:37
  going to happen. OK, now look.
• 8:40
  Do you know who's worried about this?
• 8:43
  I'll tell you who's not worried about it.
• 8:45
  Are politicians in Washington on either?
• 8:48
  Side of the aisle. They're not.
• 8:49
  They're not talking about it. They're not wanting to address
• 8:52
  it right? This is what will eventually
• 8:55
  kill. The value of the US dollar all.
• 8:57
  This other stuff right now. PCE, inflation rates, interest
• 9:01
  rates. It.
• 9:03
  Really is a bunch of. Smoke and mirrors at the end of
• 9:05
  the. Day this will destroy the value
• 9:09
  of the US. Dollar because the only.
• 9:11
  Way to deal with this is by paying it back.
• 9:15
  With worth less U.S. dollars. Printing money?
• 9:18
  OK, that's the only way. So that keeps it real simple
• 9:22
  everything. Else in between, I get it,
• 9:24
  you're I mean. You're like me, our head.
• 9:26
  Spin I can act like. Oh yeah, I know exactly.
• 9:29
  You know what's going on with the dollar index and interest
• 9:32
  rates and. Blah.
• 9:33
  Blah blah and the Fed. And the PCE and you know,
• 9:37
  whatever you know, the weather, the weather.
• 9:39
  Forecast for the. Caribbean I Who knows, right?
• 9:41
  I mean. It's really crazy.
• 9:44
  What matters is that and. Who's worried about that?
• 9:46
  Who's? Worried about the National?
• 9:49
  Debt. OK, who's telling us?
• 9:51
  That it's a problem I'll. Tell you, I'll show, I'll tell
• 9:54
  you. I will say they are.
• 9:55
  Recognizing it. Here.
• 9:57
  Exhibit #1 Don't worry, we're not going to feed her.
• 10:02
  She has said that she's. Worried about the national debt?
• 10:06
  Exhibit #2. Even.
• 10:12
  He has said that he's. Worried about the national debt?
• 10:16
  OK. But then you got the.
• 10:19
  Smartest guys in the room. OK.
• 10:21
  I mean, you got Ray Dalio. The founder of Bridgewater.
• 10:26
  Capital the biggest? Hedge fund in the world?
• 10:29
  He started the biggest hedge. Fund in the world sitting right,
• 10:33
  not in his basement. But sitting on the floor of his
• 10:35
  apartment or something like that.
• 10:37
  He's petrified. Warning.
• 10:39
  About the debt level? Jeffrey Gunlock, the Bond King
• 10:43
  Double line capital guys, the Bond.
• 10:45
  Market is multiple times bigger. Than the stock market in the
• 10:48
  bond king. What is this telling us?
• 10:51
  The Bond king is issuing warning after warning about the level of
• 10:57
  the United States. National debt.
• 10:59
  It's it's really. It's I mean.
• 11:01
  It's just, it's the. It's the.
• 11:02
  They can. They can do whatever.
• 11:04
  The rates are never going. Back to 0 rates.
• 11:08
  Are never going back to one or two percent OK, and that's OK
• 11:13
  for silver and gold. Because what is?
• 11:15
  Going to happen even though rates, right, they may cut them
• 11:18
  a little bit. They may cut them in July.
• 11:20
  OK, I wouldn't. Throw anything out right now
• 11:22
  with what's going on in the world.
• 11:24
  They're supposed to. Definitely cut rates by
• 11:26
  September. OK, though it cut.
• 11:28
  Rates. It, it, it, it.
• 11:30
  It's all. Smoke and mirrors, OK, but
• 11:32
  they're never going. Back to 0 The world.
• 11:35
  Will not pay. Or buy the US.
• 11:40
  Debt, unless it's going to pay a higher.
• 11:42
  Because guess what? The.
• 11:43
  World can work a calculator just like you can, just like I can,
• 11:46
  right? I mean, come.
• 11:47
  On, you know, if I came to you and said, oh, I've got.
• 11:51
  Susie and I have a massive mortgage on our house.
• 11:55
  We've got a, we've got home equity lines of credit we've
• 11:57
  got. I'm asking.
• 11:58
  You this question we've got. Massive car.
• 12:00
  Debt. Massive credit card debt.
• 12:04
  Student loan debt. We had debt coming out of every
• 12:07
  orifice on our body. But I need to borrow 50K from
• 12:11
  you. Right.
• 12:12
  Are you going to want to loan me 50K?
• 12:13
  And that's what the United States?
• 12:15
  Is like right now you might loan me 50K at a 20% interest rate.
• 12:19
  And that's what the world. 'S going to do.
• 12:21
  Right that now, granted, the United States is in a very
• 12:24
  unique position. But we squandered it.
• 12:26
  We already, we already shot our ammunition.
• 12:30
  I'll say that in a nice way. Right we.
• 12:32
  Did we used up? We, we.
• 12:35
  We. Abused our position of power and
• 12:37
  now. The world's like the hint.
• 12:40
  I got AI, got an interview coming out with Rick.
• 12:42
  Rule, he said it the the chicks. Or the hens.
• 12:44
  What, however you say it, are coming home to roost.
• 12:48
  They are. Unfortunately.
• 12:50
  It's not your fault, but you and I, right?
• 12:52
  I'm I'm financially responsible. But you are too right.
• 12:57
  I minimize that I. Spend less than what we.
• 12:59
  Bring in right, but with the hens are coming home to roost
• 13:03
  for the United States. OK, unless, right?
• 13:07
  Unless. The Fed prints money.
• 13:10
  To to. Buy the debt themselves, right?
• 13:12
  Monetizes the debt. And and and then you.
• 13:15
  Can look at. You can look at Japan.
• 13:17
  And see how that? Worked out.
• 13:18
  We're in big trouble. I'm sorry.
• 13:20
  I don't want to be negative. It's.
• 13:21
  Friday, but we are. Definitely in big, big trouble,
• 13:25
  but it's good. For the value of precious.
• 13:29
  Metals, absolutely no doubt. About it.
• 13:32
  Hey, why? Before I forget here.
• 13:34
  Thank you again to channel sponsor Pin Backs and I want to
• 13:37
  remind. You guys, we are.
• 13:38
  Let's see, it's right over. There, see my finger?
• 13:41
  Right, we're giving away. 16 ounces of coke.
• 13:46
  Coke Silver, A10 oz bar, A5 oz bar and a one ounce bar.
• 13:49
  Thanks to our friends at Pembex. Don't forget register for the
• 13:52
  giveaway, there is a link. In the description of this, in
• 13:56
  every video that I'll be putting out, Now what?
• 13:58
  And this is, you've probably heard right over the years, the
• 14:03
  Olympics. Are coming up.
• 14:04
  Could the Olympics here? Let me, let me make.
• 14:06
  Believe set this up so we can get excited about it.
• 14:10
  All these Olympic medals, gold medals, silver medals that'll be
• 14:13
  given out, will that create a massive wave of demand for
• 14:17
  precious metals? Will it send gold skyrocketing?
• 14:21
  Will it send Silver past that 34?
• 14:23
  That magic 34? Dollar per oz level, No right?
• 14:26
  You probably know you know the the actual.
• 14:29
  Medals that are that are used in the Olympics.
• 14:32
  They're not made out of. Like pure gold?
• 14:34
  They're not but. What are they made out of and
• 14:36
  what shocking medal is in there this year?
• 14:39
  I did a little research. Let's have a.
• 14:41
  Little bit of fun here and take. A look at this.
• 14:46
  From NBC Are Olympic medals real gold?
• 14:48
  The answer may surprise. You and here we go.
• 14:54
  Of course. Ronnie forgets to put the.
• 14:56
  Screen up, there we go. OK, are Olympic medals.
• 14:59
  Made of real gold. The answer may surprise you.
• 15:02
  OK, now this is interesting guys.
• 15:07
  According to the New York. Times the International Olympic
• 15:10
  Committee has set out. Requirements that.
• 15:11
  Gold medals must be. Made of at least 90. 2.5%
• 15:17
  silver. Even the.
• 15:20
  Olympic Committee loves silver, right?
• 15:23
  So gold medals are 93% silver. They also have about. 6 grams.
• 15:28
  Of gold. What is that there's like?
• 15:29
  30 grams in an ounce. So like 1/5 of an ounce of of so
• 15:33
  of gold in a gold medal. While the silver medal is not
• 15:37
  surprisingly, at least they made this nice.
• 15:39
  For us, made of silver. NPR.
• 15:43
  Reported that this year's. Bronze medals are made of a mix
• 15:46
  of copper, tin and zinc, Ally. So maybe all these silver medals
• 15:52
  that'll be given out, right, I mean thousands of them, I don't
• 15:54
  know. But anyway, maybe guys.
• 15:56
  You know, you never know, that might be the catalyst we need.
• 15:59
  They always say it starts somewhere weird, right?
• 16:02
  But what's? Crazy.
• 16:03
  Is there iron this year? This was I thought.
• 16:06
  Pretty interesting. This is the the Paris medals.
• 16:11
  OK, you see that? Part in the middle.
• 16:14
  All right, here we go. Well, there may be no way to.
• 16:18
  Calculate the sentimental. Value of winning a gold medal.
• 16:21
  Gold medals are estimated to be worth approximately 7. 50 to 850
• 16:27
  U.S. dollars. Simply based on the medals, but
• 16:30
  there's something very What are the OK?
• 16:32
  This is interesting this year's. 2024 Paris Olympic and Para
• 16:37
  Olympic medals will have a very unique.
• 16:40
  Addition, each medal will have an 18 gram.
• 16:44
  Hexagonal piece of. Wrought iron, that was once.
• 16:47
  Part of the. Eiffel Tower, so not.
• 16:50
  Only this year are they. Going to be made of.
• 16:52
  Silver. The silver and gold medals, but
• 16:54
  they're also going to have some iron in them.
• 16:57
  Yes, a piece of metal from the Eiffel.
• 17:00
  Tower, I thought. That was interesting.
• 17:02
  Let's talk. About a $32 silver.
• 17:06
  Oh, a fancy. Analyst from London, England.
• 17:10
  Huh. So listen.
• 17:12
  And he has something that I hadn't.
• 17:14
  Really thought about. In in a statistic about demand
• 17:17
  for silver. That could lead us.
• 17:20
  To some. Very, very interesting price
• 17:24
  movements. I guess you could say.
• 17:25
  Over the next year. Or so.
• 17:28
  How's everybody doing today? Hey, thank you guys.
• 17:31
  For being here, let me go back. I I can't.
• 17:32
  See the comments there. We go.
• 17:35
  Wow. Thank you, Susie.
• 17:36
  For being here. Thank you, Vincent, all the
• 17:38
  moderators. I'm going to ask everybody.
• 17:40
  To participate here quickly. Let's all type 888.
• 17:44
  For those that moderate because. Those that moderate are great.
• 17:48
  I'm doing it myself, OK? Let's let's also guys, let's go
• 17:53
  and take another. Quick look at the gold price,
• 17:56
  We'll press the. The magic pin backs button.
• 17:59
  Last we checked, we were up. $25 in gold?
• 18:03
  Hey, that's pretty good. Should be.
• 18:05
  Now we're up $21.00 in gold. That's OK, we'll.
• 18:07
  Still, we'll still take it. All right, let's go to.
• 18:13
  Let's go to Here we go. Let's read about.
• 18:17
  Look at all those. Pretty colors, OK, our friend
• 18:20
  Neil's over at Kitco. Gold price.
• 18:24
  To hit 2500. Dollars and OK, that's not
• 18:29
  crazy, but the timing on this is very interesting and.
• 18:31
  Silver price to hit 32. Dollars.
• 18:34
  By the end of Q. 3. Let me remind you guys that we
• 18:38
  are quickly approaching. The end of the.
• 18:41
  First month. Of Q3 so that.
• 18:43
  Means within the next two months.
• 18:45
  Who's saying this? Right.
• 18:47
  This guy's saying, not Neil's. He's reporting on it is saying.
• 18:50
  We could have 32. Dollars, silver.
• 18:52
  Now you know. What's critical to remember
• 18:55
  about? $32 silver is.
• 18:57
  We've already. Tested the $32.
• 19:00
  Silver range twice recently. That's called a.
• 19:02
  Double top if we get to $32. Again in silver most.
• 19:08
  Likely from a statistical perspective.
• 19:11
  A technical analysis perspective.
• 19:13
  We will Breakthrough 32. Dollars and then you know we're.
• 19:16
  Off to the races, OK, We are absolutely we are guys.
• 19:20
  I mean, can you feel it right? I mean, we, we get to 34, we're
• 19:23
  going to, we're going. From 34 to 44, very quickly.
• 19:28
  But the reason why? If this if this guy's right and
• 19:31
  we get to 32 is because a triple top.
• 19:34
  We've already gone to 30. Two twice.
• 19:36
  Recently and then got rejected, right?
• 19:38
  We definitely have been rejected lately, right?
• 19:41
  We know. That the last.
• 19:41
  Seven days we're down what you know, $4.00 an ounce on.
• 19:45
  Silver, but if we get to 30. Two again the.
• 19:48
  Odds of a triple. Top, statistically speaking,
• 19:51
  are. Very, very minimal.
• 19:53
  And then again once we get through.
• 19:54
  That. It really, in a lot of ways is
• 19:57
  clear sailing. I'm going to invite.
• 19:59
  You to take a quick. Break and have a.
• 20:00
  Quick sip of. Coffee.
• 20:01
  I'm going to be back here in like 4 seconds, OK?
• 20:09
  Thank you to our friend Neil's at.
• 20:12
  Kitco. And he says the gold.
• 20:15
  Market is finding new resistance at 2400, however, one commodity
• 20:19
  brokerage farm expects. That this is only a matter of
• 20:22
  time. Before prices move.
• 20:24
  Higher in a report published Thursday.
• 20:26
  Commodity Commodity analyst at Sukden Financial.
• 20:31
  Excuse me? Said that they expect the
• 20:35
  precious. Metal to push above 2500 an
• 20:37
  ounce. By the end of the.
• 20:38
  Third quarter, who is Sukden Financial?
• 20:42
  I've never heard of them, so I went out.
• 20:44
  Let's go take a look. Sukden Financial is from the
• 20:48
  United. Kingdom.
• 20:50
  The home of the LBMI. So I clicked.
• 20:53
  On their website, which we're going to now do.
• 20:55
  Together, I thought, who are? These guys nice looking website.
• 20:59
  They're calling for 2500. Dollar Gold $32 silver.
• 21:03
  And I went down here. Let's see if I can do this
• 21:06
  correctly. Solutions for companies.
• 21:09
  Blah blah blah, here we go, key facts.
• 21:12
  Apparently they managed $200 million.
• 21:14
  In Capital 50. Years in the financial markets.
• 21:18
  They're a LME member cat. One, whatever that means, but
• 21:22
  LME. Is the London Meadows exchange
• 21:25
  that means these boys and girls that sucked in might have some
• 21:29
  inside information? Excuse me?
• 21:33
  And they have 24. Hour service so seems like a
• 21:37
  legit organization. To me, OK.
• 21:40
  They say with resilient physical.
• 21:41
  Demand and robust central bank. Acquisitions alongside with
• 21:45
  easing inflation. And all the smoke and mirrors
• 21:48
  that you and I just talked about my basement dweller friends and
• 21:51
  increase market. Volatility Gold's outlook.
• 21:53
  Remains. Positive in yellow.
• 21:56
  At the same time, soaked in excuse me remains optimistic.
• 22:02
  About silver even as prices. Struggle in the.
• 22:07
  Face of Gold's solid. Uptrend Silver.
• 22:10
  Has been unable to hold. Above the $29.00 support.
• 22:14
  This week, this is what's interesting, he says.
• 22:18
  Quote in purple We expect silver to gain attractiveness.
• 22:22
  As both a safe. Haven asset.
• 22:25
  Remember guys, that some people say silver.
• 22:28
  Right. Did you?
• 22:30
  I don't makes sense to me. People say silver's been used
• 22:33
  as. Money longer than gold?
• 22:35
  So it is a safe. Haven Asset and a vital
• 22:39
  industrial metal. I heard.
• 22:42
  Somebody say this last night and I I I guess we know this, but it
• 22:46
  if we don't. Hear it every.
• 22:47
  Once in a while. We forget it this.
• 22:49
  Guy was talking about why he. Loves gold, but he said I love.
• 22:53
  Silver even more because I this this monetary thesis I can apply
• 22:58
  to. Silver.
• 23:00
  Is the same monetary? Thesis that I can.
• 23:02
  Used as to why I buy gold. But with silver.
• 23:06
  If I'm wrong about that monetary thesis, I know.
• 23:10
  That silver also has this. Unbelievable industrial demand
• 23:16
  component, right, I mean, if you thought about that?
• 23:19
  Right, like if if the if the. Central bank stop buying gold
• 23:22
  and and the monetary which I don't think is going to happen,
• 23:25
  but if the monetary the component of the.
• 23:28
  Story for Silver goes away. You still have that industrial
• 23:32
  component to fall back on and you can't really say that as
• 23:34
  much. About gold, he says we
• 23:35
  anticipate the price of silver, or this is a British guy, I.
• 23:39
  Got to use my British. Accent to appreciate while the
• 23:42
  end of the quarter surpassing third.
• 23:45
  The end of the. Quarter guys.
• 23:46
  Surpassing $32 an ounce, surpassing in Q Three 2024, the
• 23:52
  analyst said in the report. The analysts said.
• 23:55
  That the biggest factor supporting.
• 23:57
  Precious metals prices in the near term remains solid
• 24:00
  expectations that the. Fed will cut interest rates in.
• 24:02
  September and they might even cut them next week.
• 24:05
  But who knows? They could.
• 24:07
  Raise them too. It's all a bunch of Wizard of.
• 24:11
  Oz The man behind the curtain. Jerome Powell, right?
• 24:14
  Now, OK guys, that's what. Is going on.
• 24:18
  That is what is. Going on but I want to.
• 24:20
  Talk about this real quickly, right?
• 24:23
  He says. We anticipate the price of.
• 24:26
  Silver to appreciate by the. End of the quarter, remember
• 24:30
  that's two months from now surpassing $32 an ounce.
• 24:34
  I just want to visually show you guys quickly here.
• 24:38
  Hold on, let's go on a little. Field trip to wow that says gold
• 24:45
  is up $30. That's the futures price.
• 24:50
  Let's go back. Hold on here.
• 24:53
  Look at this guys. Wow, that's futures.
• 24:58
  It might be. Delayed a little bit, but still,
• 25:02
  let's look at the gold. Chart Let's look at a one year
• 25:06
  chart of the gold. Wow, look at that.
• 25:08
  Let. Me see if I can get that on full
• 25:10
  screen, we're going to get. Back to that article.
• 25:15
  That's five days, and this is one.
• 25:17
  Year of Gold. Holy moly, let's get.
• 25:21
  Out the Let's get out the magic markers here real quick and do
• 25:25
  something, OK? If we start.
• 25:28
  Back in what? October of last.
• 25:30
  Year and draw a line. Look at that.
• 25:34
  We're. Still in that uptrend.
• 25:37
  Now what if we do one from here? I don't know we're.
• 25:44
  Still. I mean, wow, we're doing good.
• 25:50
  So I mean, gold looks pretty darn good.
• 25:51
  And don't forget, I know silver. The chart.
• 25:53
  Is and we're going to look at the silver.
• 25:55
  Chart now real. Quickly silver is.
• 25:59
  Get rid of that. Silver is struggling, but.
• 26:05
  At the end of the. Day gold is the grand pappy of
• 26:10
  silver and I just want to hold on one second.
• 26:19
  OK, I'm back. Sorry about that having my
• 26:22
  summer. Cold issues here.
• 26:24
  Appreciate you guys, Baron. Let's look at this.
• 26:26
  Silver Chart. And I just want to.
• 26:29
  Show you there's. What I'm?
• 26:30
  Talking about with $32 twice. So if this guy had.
• 26:34
  Souped in is. Correct.
• 26:36
  OK, this is a double. Top in my book.
• 26:39
  And it's very rare. It's very.
• 26:41
  Rare. Not that rare.
• 26:42
  To have a double top, it's. Extremely rare to have a.
• 26:45
  Triple top that actually. Excuse me happening Gold.
• 26:51
  And then gold, on the fourth attempt, went through.
• 26:53
  But typically if a if a if a price goes up to that level.
• 26:58
  Three times. It's going to breakthrough on
• 27:00
  the third time. That's just the way.
• 27:02
  That it works. OK, that's just the way that it
• 27:05
  works. Let's look.
• 27:07
  So that's the one. Year chart.
• 27:08
  Of silver. Let's draw a.
• 27:10
  Line on here and tell you why it does not look as good.
• 27:15
  We start back in that like February time zone, right?
• 27:20
  I'd see how we kind of fell below that trend line.
• 27:23
  But I think we. Need to remember something and
• 27:26
  that is that. Gold leads the show.
• 27:29
  Gold, right? Gold's gold.
• 27:32
  We I. Love silver.
• 27:33
  You love silver, but. But gold, gold kind of.
• 27:37
  Runs the circus. You know, I guess it's the
• 27:40
  center ring or I don't know, I don't know much about circuses.
• 27:42
  But you know I mean. Gold is the.
• 27:44
  The engine and pulls silver along right and if you can think
• 27:49
  about it and I don't even know, let's do some quick math here on
• 27:54
  the on the gold. To silver ratio.
• 27:56
  And then we're going. To get back to this, get back to
• 27:59
  this. Very important article.
• 28:02
  Let's just. Look.
• 28:04
  It's got the pin backs here. Come on, gold, All right, $21.00
• 28:08
  so if we. Take the price of gold.
• 28:13
  I got my. I have my calculator.
• 28:15
  You can't see this 2386 and divide that by the.
• 28:20
  Price of silver. 27.74 Wow. Man.
• 28:25
  The gold to silver ratio is back to 80. 6.
• 28:29
  So we. I mean that is high.
• 28:30
  I remember when it got the remember when it got the 90 and
• 28:34
  people were like, oh, this is I mean this.
• 28:36
  It is crazy. So when you think.
• 28:38
  About the silver. Price right now we're we're
• 28:41
  going to focus more on gold because.
• 28:43
  At some point. That that gold to silver ratio,
• 28:47
  it's like this OK, here, this is the gold price, OK.
• 28:54
  All right, I had it written on there somewhere.
• 28:57
  This silver truck is the silver. Price OK, the gold price.
• 29:02
  And this is the the elastic. Is the.
• 29:05
  Gold to silver ratio. So is the gold price right?
• 29:09
  Which is the tow truck? Is is is.
• 29:11
  Going along and it were we're stretching out, see how that's
• 29:15
  stretching. That's a big rubber band.
• 29:17
  That's the gold to silver. Ratio which is now getting.
• 29:19
  Stretched if this keeps. Going.
• 29:22
  It's going to it. Has to pull silver with it and
• 29:24
  at some. Point right?
• 29:26
  This is 86. To one right now.
• 29:29
  Let's say it goes to. 50 right, it's a what that's what they
• 29:33
  call a sling shot move in the. My truck away there in the gold
• 29:41
  and. Silver price, so be prepared.
• 29:43
  Guys, this is I mean. Do you feel it?
• 29:45
  Am I alone? I don't know.
• 29:47
  I mean it. Sure.
• 29:47
  Feels like we're. Moving towards an environment
• 29:51
  where we could have a much, much higher.
• 29:53
  Silver price, Let's get. Back to the article.
• 30:00
  So while the market has already priced and interest rate cut.
• 30:06
  The actual policy decision would.
• 30:09
  Reassure investors about the direction of rates in the
• 30:11
  future, fostering sustained slows that sustained flow
• 30:14
  inflows. That's a bunch of BS I'm sorry.
• 30:17
  In my opinion and I. Respect everybody else's
• 30:20
  opinion. That's a bunch of BS because you
• 30:23
  know what? The feds not going to be able to
• 30:25
  cut rates that much. Guys, I got news.
• 30:27
  For you, but that's also. I have another piece of news
• 30:29
  that does not mean you know. That that is bad for the price
• 30:33
  of gold and silver. Because what they they.
• 30:36
  Are going to. Absolutely have to keep rates a
• 30:39
  little bit. Higher because people won't buy
• 30:41
  the debt and they're going to have to print money that's the
• 30:43
  bottom line OK, I won't go down that road again the.
• 30:46
  Analyst also expect to see. Healthy consumer demand in
• 30:51
  critical. Markets like India, all right,
• 30:53
  which they noted represents 20. Percent of global.
• 30:57
  Demand we talked about. This.
• 31:02
  Earlier in the week I think. India I have designated India is
• 31:06
  the precious metals capital of the world.
• 31:08
  The Indians have 25,000 metric. Tons of gold.
• 31:11
  Hidden in their houses, right? That's three times what we have
• 31:14
  in Fort Knox. The Indians are buying silver.
• 31:17
  Like never before the data. You know they're.
• 31:20
  Probably already bought 20. Percent of the world's.
• 31:22
  Mine. Production of silver this year.
• 31:25
  We know previous years they bought like 25.
• 31:27
  I don't know if they're, I mean, it's crazy, yes.
• 31:30
  And then on top of it, the icing on top, on top of the cake, the
• 31:33
  cherry. On top, whatever you want to
• 31:34
  say, I don't know. You know how that goes, right?
• 31:37
  The good part? Is that the Government of India?
• 31:40
  Just lowered the import duties on gold and silver.
• 31:43
  From what? 15% to 6% and and that will
• 31:48
  entice even more and more Indian.
• 31:50
  People to buy the precious. Metals all right, it says.
• 31:54
  Expectations of strong economic growth in India, where gold's.
• 31:58
  Role as a store of value as well established.
• 32:01
  Should work, excuse me, to the precious metals advantage.
• 32:06
  So then also expects the Fed to continue to buy, I'm sorry,
• 32:10
  central banks to continue to buy gold.
• 32:12
  Oh boy, if the Fed starts buying gold, we're brilliant.
• 32:14
  For it through 2. 1024 even. Though that pace will slow,
• 32:18
  that's OK because. Everybody else is buying gold as
• 32:21
  well. Looking at silver, this is
• 32:24
  what's interesting. Soup, then, remains bullish on
• 32:26
  the precious metal as industrial demand continues to grow.
• 32:30
  The analysts said that the. AI boom is transforming the
• 32:34
  global economy. Which will require.
• 32:36
  More silver. All right, we.
• 32:38
  Got two more paragraphs. This was new to me are a new.
• 32:41
  Way of looking at this. AI boom and silver.
• 32:44
  He said. Quote the rapid growth.
• 32:46
  Of generative AI will necessitate substantial upgrades
• 32:49
  to existing infrastructure and hardware to support its broader
• 32:54
  application across the economy. The analyst said in the.
• 32:57
  Report Quote advanced semiconductors, data centers,
• 33:02
  and consumer electronics. Are all poised.
• 33:04
  For a significant increase in demand.
• 33:07
  Furthermore, the growth of AI powered.
• 33:09
  Computing and power intensive data center, so it's not just.
• 33:13
  The chips. It's the amount of electricity
• 33:17
  and you know. That silver is like.
• 33:19
  Is, is the electricity metal right?
• 33:22
  It's the new. Oil of electricity, right all.
• 33:26
  Did well over the last. 100 years silver is the.
• 33:29
  New oil for the next. 100 years from a power.
• 33:31
  Perspective. Computing and power intensive.
• 33:34
  Data centers will lead to. Massive electricity consumption,
• 33:37
  this is. Crazy.
• 33:38
  Listen to this in purple. The i.e.
• 33:42
  A i.e. A projects the power demand from
• 33:45
  data. Centers will exceed 1000.
• 33:47
  Terawatt hours by 2020. Six.
• 33:50
  That's. What?
• 33:52
  Hold on one second. Susie said something to me.
• 33:54
  What sweetie? OK, cool, I'll bring the thing
• 33:58
  here. The by 2026.
• 34:01
  This is comparable to. Japan's total power.
• 34:05
  Demand in nearly double the consumption of data.
• 34:09
  Centers in 2022. Japan's what?
• 34:11
  I don't. They're one of the like top.
• 34:17
  One of the top biggest economies in the world.
• 34:20
  Sorry, my phone was ringing there.
• 34:21
  It distracted me and on top. Of that, we're looking at a
• 34:25
  doubling. In the part, that's all.
• 34:26
  Is very, very, very bullish for silver so.
• 34:31
  Hang in there guys. It's going to be a fun ride.
• 34:33
  It's going to happen. Let me ring.
• 34:35
  Hold on here, basement dwellers. Hey, we got to 100 thumbs up.
• 34:38
  I forgot to beg you guys. Please give this a thumbs up.
• 34:42
  It helps the channel, it helps my.
• 34:44
  Spirit. It helps your spirit.
• 34:46
  'Cause it's a nice thing. And who doesn't like to do nice
• 34:48
  things? I know you, I know you like to
• 34:51
  do nice things, right? And I'm going.
• 34:52
  To ring the the. Old.
• 34:54
  Coin shop Chris, don't forget he's got his own YouTube channel
• 34:57
  now. I'm going to Ding the the silver
• 35:00
  round 10 times. It's saying thank you 'cause we
• 35:02
  got to 100 thumbs up. Listen, listen to the beauty
• 35:06
  sound of Silver. We'll play a little music for
• 35:09
  you. Enjoy the Zen, right?
• 35:23
  So it's going to be an interesting man.
• 35:25
  It's going to be an interesting four to five months ahead of us.
• 35:29
  Think about the political issues.
• 35:31
  Right now in this country, I mean, it's crazy, right?
• 35:34
  I mean. Think about then.
• 35:36
  That's just in the. Think of the political.
• 35:37
  Issues in this country, Think of the economic issues.
• 35:42
  Are you feeling it? Please tell me if I'm.
• 35:45
  Being negative here we have major political.
• 35:48
  Issues do you feel? Like we have major economic.
• 35:50
  Issues, I think you probably. Do because.
• 35:53
  Statistically, 80% of Americans feel like the economy stinks
• 35:58
  right If you're one of. The one of the top. 5%
• 36:00
  congratulations, I hope you enjoy all your money.
• 36:04
  Right. But the rest of the world, the
• 36:06
  rest of the United States, feels like we're in a.
• 36:08
  Recession not. According to Janet Yellen.
• 36:11
  Or Jeremy Powell. Everything's great, right?
• 36:13
  But so think about that. All the political issues in this
• 36:16
  country. The economic issues and guys, we
• 36:19
  have a financial fiscal Cliff that we are barreling toward in
• 36:25
  this issue and then think about. What's going on in the?
• 36:28
  World right With, I mean. Just crazy with with with the
• 36:33
  middle. East with, with Europe with.
• 36:36
  China, I mean, the world. The world.
• 36:38
  I mean this is. Real the.
• 36:39
  Reality is right now. The world is is.
• 36:44
  Becoming much more nationalistic.
• 36:46
  The world is siloing itself and we're we're gonna we.
• 36:49
  Could be in for some. Very, very, very.
• 36:52
  Tumultuous times here as we go into the next, even just four to
• 36:56
  five months so. Buckle up.
• 36:58
  I'll be there for you. Be here for you.
• 37:00
  Thanks to you for being here today, OK?
• 37:04
  And I will plan on seeing you.