Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **When to SELL SILVER** Critical Info YOU Must hear - (Gold News Update too)

Transcript

**When to SELL SILVER** Critical Info YOU Must hear - (Gold News Update too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
The burning question that all of us silver and gold investors
0:05
want to get the answer to when do we sell our silver in
0:11
particular? We're going to get to the
0:12
answers. We're going to talk about when,
0:14
how and why. But there's other big stories in
0:17
the precious metal sector that we're going to cover first.
0:19
Is the US Treasury buying gold? And what about this big breaking
0:25
news about the Big 5 bullion banks?
0:27
We're going to see what's reported about that as well.
0:29
Yes. The big bullion banks that maybe
0:33
exert a little influence over the price of the precious
0:36
metals. Before we do that, I want to say
0:37
thank you. Yeah.
0:39
The most important part of what we're doing right now.
0:41
That's you for joining me down here in the basement.
0:45
It's a big deal. I appreciate you.
0:47
Please subscribe to the channel. Give the video a thumbs up,
0:50
share it with your friends, and leave a comment.
0:53
That's right. I love your comments.
0:55
You don't have to agree with me. You can disagree.
0:57
That's how we learn. Let's go out and take a look at
1:00
what's happening right now in the precious metals markets.
1:04
Let's get an update. We will first go to the spot
1:09
price of silver. Hold on, we're having a little
1:12
tech difficulty right now. Uh oh.
1:15
Hold on, guys. Give me one second.
1:20
And are we live? Let's make sure we're back here.
1:24
Hold on one second. Hello.
1:28
Uh oh. I think we're having some tech
1:30
issues. Hold on.
1:32
OK, we're just going to keep going.
1:34
I see 175 people. Let's go out to the spot price
1:39
of silver from Kitco. Right now we are up $1.76.
1:45
Is it just me or does it seem like one day we go down a dollar
1:49
and the next day we go up to dollars?
1:51
Remember, there will be volatility, there will be
1:53
pullbacks, but we will also together celebrate days like
1:57
today. So the spot price of silver is
2:00
$67.29 and a normal healthy market.
2:05
We should go out here to the futures price and it should be
2:09
higher, which it is. OK, so the futures price, so we
2:13
are in a state of contango. This is the March 2026 futures
2:18
price on silver. Wow, still unbelievable.
2:22
We're looking at a $67 silver price.
2:25
But let's go to the next big piece of of news we have.
2:29
And don't forget, we're going to talk about when and how and why
2:32
you might want to consider selling some of your silver and
2:37
it'll apply to gold as well. Oops, I forgot to pull up the
2:41
there's the futures price. Sorry guys, Susie's not here
2:45
today to keep me straightened out.
2:46
Now we will go to this big article about the five bullion
2:51
banks. This is being reported from
2:53
silver trade. Has the end game arrived?
2:57
For the first time ever, the the major five US bullion banks have
3:03
flipped net long on the silver COMEX futures contract from
3:09
around 20,000 contracts net short, the US bullion banks have
3:13
reduced their total silver short contracts to 17,800 versus
3:18
18,600 silver long contracts, a net long of 773 contracts.
3:26
Have the five major US bullion banks also closed out their
3:30
trillions in silver short positions in the derivatives
3:33
market because they know the final end game has arrived?
3:36
And are they positioning themselves for the coming U.S.
3:40
dollar collapse? Or have the US bullion banks
3:43
closed out their short COMEX Future silver book simply to
3:47
protect what is left of their physical physical silver
3:51
inventory in COMEX vaults? As COMEX longs continue to stand
3:56
for delivery, December is already seen the highest amount
3:59
of silver long stands for delivery in the month of
4:03
December ever. OK, He's reporting this is like
4:06
one of the first times ever that the big 5 bullion banks have
4:10
gone that long and what we're seeing is a December record and
4:15
and contract standing for delivery.
4:17
Guys, the silver market has changed.
4:20
We're going to focus more on silver today.
4:21
Gold has changed as well, but the silver market has changed to
4:26
a physical market, OK? The top executives are talking
4:30
about it, Everybody's talking about it.
4:32
The LBMA was even talking about it at their contract, that it's
4:35
become a physical situation, a physical market.
4:39
That means the paper, yes, the paper market, the COMEX in the
4:44
LBMA, the London Billion Market Association where they trade the
4:48
make believe like we like to refer to as fantasy island
4:51
silver. They're being overrun by the
4:55
physical market. On top of that, we've got all
4:58
the fundamental reasons. Let's though run out to China
5:01
just to get a check on how the Chinese silver market closed
5:05
last night. We will go here.
5:08
Uh oh, where did it go? Bear with me.
5:12
Did we lose it? No, we didn't lose it.
5:13
Here it is right here and should be on your screen right now from
5:18
Oriental Ghost. This is the Shanghai Gold
5:21
Exchange and the Shanghai Futures Exchange.
5:24
There is silver. I'll do it quickly.
5:26
We do it every day. There's AG on the Shanghai Gold
5:30
Exchange, and as you can see in their physical market
5:35
essentially in China, they closed at 6797, darn near 68.
5:43
Oh my gosh, have we ever seen a $68 per oz silver price?
5:49
Remember guys, it was just a year ago we sat down here and
5:53
talked about why silver was a very smart place to put our
5:57
money and the price one year ago was around $30 per oz.
6:03
Now we're looking at the Chinese physical market, which is taking
6:07
over for the for the paper markets in the United States
6:11
reporting, we're just going to call it 68.
6:13
All right, You know what comes after 6869.
6:17
OK, I'm going to leave that one all alone.
6:19
Let's also check this out. We need a little humor from time
6:23
to time. This is came from hold on here.
6:27
This comes from again, the silver trade.
6:30
Wow, they're getting some. They're knocking out of the
6:32
park. This is the bullion banks.
6:35
OK, attacking the silver attacking silver on the COMEX
6:39
open. So imagine that deer there is
6:42
the that's that's the silver prize.
6:46
This is they're not having much success.
6:51
They're like, what, what, what what's wrong?
6:54
I don't understand what happened here.
6:59
OK, the next one. This is great.
7:01
We're going to check out. Hold on here.
7:03
This comes from David Morgan, a long time, super highly
7:08
respected figure in the precious metal sector and silver.
7:12
He says this is too good not to repost.
7:15
There's the Chinese President Xi and the Prime Minister of India.
7:20
Shoot, I'm forgetting his name, but you know, you know who I'm
7:22
talking about. They're saying we are the Hunt
7:24
brothers now. And there's a big important
7:27
message in this. OK, All right, a big important
7:31
message. Yes, China and India are taking
7:34
over the metals markets. The East is taking over
7:38
physical. That's the big message in this.
7:41
It's they're taking it over because of physical demand, the
7:45
Shanghai Gold Exchange, right? The Indian economy, the Indian
7:49
country importing record amounts of silver.
7:53
But wait, there's more. Think about this.
7:55
The American Hunt brother, David Bateman, the billionaire who
7:59
owns 13 million and growing, he just bought another $10 million
8:04
worth of silver last week, right, 13.
8:07
He's, he's the American Hunt brothers.
8:09
Think about this as well. He's not buying paper silver.
8:15
He's not buying his silver, right, with futures contracts, I
8:19
don't think. And if he is, he's standing for
8:20
delivery. The point is he's not
8:22
accumulating silver in paper form.
8:25
He's accumulating silver in physical form.
8:28
And you can't print more silver. They tried that, right?
8:36
It was like a beach ball held underwater.
8:38
We talked about that many times. Right now we are just in the
8:42
process of seeing that beach ball.
8:44
If you hold a beach ball underwater, you can manipulate
8:47
it. You can manipulate it, but
8:49
eventually the forces of Mother Nature, the free market sources
8:54
right when and right now what we are seeing through today.
8:58
Remember, I don't have a crystal ball.
8:59
I'm, I, I don't make any financial decisions, but we're
9:02
seeing that beach ball come up straight up out of the ground.
9:06
Is the US Treasury, excuse me, is the US Treasury buying gold?
9:13
What I, I first I heard of this and I'll, I'll label it as to be
9:18
conservative speculation. We're going to get to that
9:21
first. I want to say thank you to our
9:23
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going to show you right now after we look at our friend the
10:02
president and Prime Minister from China and India
10:05
respectively. Hold on here, hold on.
10:10
I'm having some tech issues. Hold on and boom.
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OK, now you should be in the right place.
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We are at first Meant. Yeah, you want to be.
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This is where you want to be. If you want to check out silver
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10:25
$0.82. Let's see if maybe we refresh
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this and we get another price. Oh, there we go, up a dollar
10:33
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Again, this is the freshest silver on the market.
10:50
It goes from the mine, right? Because oh, I forgot to mention,
10:53
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10:57
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11:02
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11:07
And then from there, those beautiful products you just saw
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11:18
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11:21
I call it a premium experience for retail.
11:24
So I mean, the packaging, the products, and I'll show you
11:28
another one. This is not show and tell.
11:30
And then we're going to get to the when you should sell your
11:32
silver. We'll get to that, don't you
11:34
worry, but this and get it the right direction is the year of
11:39
the dragon coin. I mean look at that man.
11:42
I love silver. The light getting the light just
11:45
right on it. Can you see that the detail it's
11:48
like that dragon coming out to get you on a serious note.
11:53
This thing is beautiful. The bank's beautiful as well.
11:55
You can check it out on their website.
11:57
Is the treasury buying gold? Let's get into that.
12:00
This is interesting. We have a little video to watch.
12:04
Uh oh hold on. I'm going to let you look at
12:06
that. Hold on.
12:08
Here we go. I'm getting it up.
12:11
Sorry, I didn't have it loaded properly, but now I do and boom.
12:17
OK, make sure we get the right screen up for you.
12:21
This is from Jesse Day, which is the Commodity Culture YouTube
12:25
channel. He had a guy on his show, I
12:29
believe it's Tom Luongo. Who had this to say about what
12:36
is going on? Hold on, we're going to pause
12:38
it. We're start at the beginning and
12:43
boom, let's see what he has to say about what what's I'm going
12:46
to say? Speculation, but very
12:48
interesting what he talks about here.
12:51
Here we go. It's been pretty obvious since
12:54
Q1 of last year that that Besson is just selling dollars to buy
12:59
gold. Like his whole, the whole.
13:01
Scott Besant is the Treasury Secretary of the United States,
13:05
and he says selling dollars to buy gold.
13:09
It's very interesting. Week dollar policy that we dealt
13:12
with in the first half of 2025 was, you know, best and
13:15
basically selling dollars and buying gold and draining and,
13:18
and draining the LDMA. And again, I can, I think he's
13:21
continuing to do this. There are more and more signs
13:25
that the United States is getting ready to change the way
13:27
the monetary system is going to operate.
13:30
Trump even said that this morning after his fire breathing
13:34
side chat that he gave last night.
13:36
I, I, I was not. So I don't know if you watched
13:38
it, but I was not surprised at all that he went in there with
13:40
like both guns blazing. It wasn't going to be the hi,
13:43
I'm Donald Trump and I'm, you know, Teddy bear.
13:46
He's like. OK, so we got, we got the point
13:49
that we wanted. He's he's proposing that
13:52
possibly the United States Treasury is selling dollars and
13:56
buying gold or printing, you know, essentially printing
13:59
because any dollars that the United States Treasury gets
14:01
because we're running a $2 trillion deficit.
14:05
Oh, you know what, at the end of this live stream, we're going to
14:07
go out and look at the US debt clock.
14:08
We've been on a field trip together there for about a
14:12
month. So I owe you that.
14:14
But basically any, any, any additional money that our
14:17
government is spending is basically printed money because
14:20
it's borrowed money. We've got a $2 trillion deficit.
14:25
The world financial system is undergoing change like never,
14:29
ever before, including right the the stable coins and the
14:33
tokenization of everything, including silver and gold.
14:38
And guys, you heard it here first.
14:40
The big story in the precious metal sector, I believe in the
14:44
next 5 to 10 years is going to be the unbelievable tokenization
14:49
of gold and silver in the demand that it creates for physical
14:53
metal. Think about this.
14:55
If people are able to to, to hold the, the gold and silver in
14:59
tokenized form right there that that's basically, that's
15:04
basically re monetization of silver and gold and we'll be
15:08
able to sell it and trade it instantaneously all when it's
15:12
completely backed up by physical metal in bolts.
15:15
It's happening right now, right, with Tether, the world's biggest
15:19
crypto company that has XAUT, which is tokenized gold there.
15:23
They hold all their gold in a vault in Switzerland.
15:27
So I got a little off topic there, but trust me, be ready.
15:30
That's the sleeper. Everybody, Everybody talks about
15:33
the demand and it's real for gold, physical gold from central
15:37
banks, from investors, for silver, you know, all the demand
15:41
for silver, right? We could go on for the next two
15:43
hours talking about that. But one of the big sleepers that
15:48
nobody's talking about and we look, we've been down this road
15:50
together for a number of years, guys.
15:52
We talked about things stagflation 2 years ago.
15:56
We're way ahead of the curve. And I'm going to tell you 2
15:59
years from now, everybody in the precious metal sectors will be
16:02
saying, man, the tokenization of gold and silver created this
16:05
massive wave of demand. Because think about this, If
16:10
you're a poor farmer, let's talk about silver.
16:12
And there's a reason why this is critical.
16:14
If you're a poor farmer in India who likes to hold physical
16:18
silver, or you're in a poor country, anywhere in the world
16:21
and you want to hold paper, U.S. dollars.
16:23
And now, right now they're encouraging those people to buy
16:27
the stable coins, the dollar based stable coins.
16:30
If those same people have the same opportunity to buy
16:33
tokenized gold and silver, what do you think they're going to
16:36
do? Right, Their choice.
16:39
They can buy a tokenized U.S. dollar that, that that's
16:43
basically going to lose value. I mean, look, that's just the
16:47
fact, right? the US dollar loses value.
16:49
It's designed to lose 2% a year, but it often exceeds that
16:54
expectation. So if they have a choice beside
16:56
between a tokenized dollar, which probably isn't going to
17:00
pay them any interest or anything like that, or tokenized
17:03
gold or silver, it's going to be a simple question.
17:05
All right? We're going to talk about though
17:09
when, right when and why and how right you may ever want to
17:14
consider selling some of your silver.
17:16
First, I want to say thank you to our other channel sponsor of
17:19
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17:22
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17:24
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17:48
There's gold deposits all around the world, but there's a lot of
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political instability and everything else.
17:53
These projects are in Canada. You can learn more about them at
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firstmininggold.com. You can even reach out to their
18:01
Director of Investor Relations, Paul Morris, and he'll get back
18:04
to you. Right?
18:05
Like they, they are very open in their communications with their
18:09
investors. When do you sell silver?
18:11
That's the burning question. I'm going to give you some
18:14
answers right now and this is so important.
18:16
I'm going to be reading from a note card.
18:19
People ask me, I'm getting this question all the time.
18:22
If silver hits this price, should I sell silver at $100 per
18:26
oz? Well, there's a lot to consider
18:28
and I'll give you some strategies that you might want
18:32
to consider as you move into this.
18:34
I would say don't set a price to sell your silver, but look at a
18:38
number of factors. At any given price point, it's
18:42
$70 silver at $100 silver at $150.00 silver.
18:47
If silver goes down at $50 silver, right?
18:51
I don't think we'll see that again, but you know, nothings
18:53
out of the question. You want to look at a number of
18:55
factors. One of the biggest ones about if
18:57
it price skyrockets, there's a concept called all the ducks
19:02
quacking. And there's a big reason why you
19:05
want to pay attention to all the ducks.
19:07
And what that means is I heard Ross Speedy say this years ago,
19:11
you sell. You sell when all the ducks are
19:14
quacking. OK.
19:15
Or another way that we could look at it is when all the sheep
19:19
are buying, buying, are buying. Wow, that kind of works now,
19:24
doesn't it? And what that means is right
19:27
when everybody's, when all the ducks are quacking, when
19:30
everybody's talking about silver, when you're hit, when
19:33
you're seeing it on the front page of the newspaper or when
19:36
they're talking about it on CNN or wherever, that's a good sign
19:40
that you might want to sell, in my opinion, some of your silver.
19:44
When those people right the sheeple is we affectionately
19:48
refer to them are talking about buying buying silver the other
19:57
98% because don't you forget your part of the Green Beret of
20:02
the financial world, right where where where the 2%.
20:05
But when the other 98% when the sheep are buying right then
20:09
maybe you want to sell some. Now here's other big things to
20:13
consider, but that that is a a key fundamental.
20:16
Are the fundamentals still in place?
20:18
I don't care if the price of silver's AT200500.
20:22
Dollars, if the fundamentals are still in place, you want to
20:25
consider that the reasons why you bought in the 1st place, are
20:28
they still true? OK, For instance, if the dollar
20:32
continues, or I hope it doesn't, but you know, we know how to
20:37
work a calculator if the dollar does continue to lose value,
20:41
right? And So what?
20:42
The price goes to $110 per oz. If the dollar is going and it
20:46
seems to be accelerating, what are you going to do?
20:50
Are you going to sell? Sell your silver for U.S.
20:52
dollars. What are you going to do with
20:53
those dollars again? Right.
20:55
Just I'm not giving financial advice, just things to consider.
20:59
This is a big one. This is another as big as the
21:02
when all the ducks are quacking something for you to consider.
21:07
Likely you didn't buy all the silver or gold, or maybe you
21:12
did. Maybe you bought it in one big
21:14
one big purchase. OK, but most people dollar cost
21:19
average done right I bought silver years and for years and
21:23
years right little by little by little by little and then it
21:26
adds up. I store mine off site, right?
21:29
Whatever, wherever you store yours that your business, but
21:31
you probably acquired it little by little by little by little.
21:35
You dollar cost average done. It's OK to also dollar cost
21:40
average out. You hear that all the time about
21:43
buying dollar cost average dollar.
21:45
If you ever considered that if you do consider to sell some of
21:49
your silver, OK, that you can also dollar cost average out.
21:53
I knew a guy friend of mine who was one of the top traders at
21:57
one of the top financial service countries companies in the
22:01
country, OK. And he once told me, 'cause I
22:04
had a stock that went way, way, way, way way up and said should
22:07
I sell it all? I'm, you know, don't be an all
22:10
or nothing person. I've done that before.
22:12
You take a big risk in doing that.
22:14
Here's what he said. He said sell some OK and hope
22:19
that you're wrong. Meaning if silver goes to
22:21
$120.00 an ounce and maybe you say you know what, I'm going to
22:26
cash out a third of my silver, sell that third right?
22:30
So you still have 2/3 of your silver stack and hope that you
22:34
were wrong, Hope that you're 2/3 goes up 3X from there, even more
22:41
right? If you do an all or nothing
22:42
trade, which again, you know, it's your choice, your decision.
22:46
Do your own research. You're taking risk because if
22:48
you sell all your silver at 100 and the price of silver goes to
22:53
400, which is not out of the question, you made a bad choice.
22:57
If you only sold 1/3 of it and it goes to 400, well, you still
23:00
are in really, really dandy, handy dandy shape.
23:03
OK, we got a lot more on this on this subject as well.
23:07
The question too is have a plan. If you do decide that you're
23:12
going to sell some silver at a certain point, have a plan about
23:15
what you're going to do with the money.
23:17
Because again, if the dollar continues to go down and down
23:19
and down in value, you don't want to put it in a bank account
23:22
or ACD or something like that. You don't want to put a pile of
23:25
cash under your mattress or maybe bury it in your yard.
23:29
And one of those really cool dirty man saves.
23:31
Don't forget dirty man safe, right?
23:34
You can. You can Here, I'll show you real
23:36
quick, right. It's the safe that you can use.
23:40
These things are so cool to store things and go check them
23:44
out. But also remember, there's a
23:46
discount code Ron 10 you want to keep.
23:48
I mean, if you're going to bury this in your yard and that right
23:51
now, and that's what you do with these, right?
23:53
You're like a pirate. You bury.
23:54
Do you want to put, do you want to put $35,000 in here in cash
23:59
or do you want to put 500 ounces of silver?
24:02
Right. You know the answer?
24:04
So what I'm saying is if you're going to sell your silver, have
24:07
a plan. And don't forget there's a
24:08
discount code it dirty man safe. They're wonderful, nice people.
24:12
They're cool products. You get to be like a pirate or
24:16
store some, you know, bury some treasure.
24:18
Yeah. You got a fireproof safe?
24:19
Yeah. You got a safety deposit box?
24:21
Yeah. You got wherever you keep your
24:23
stuff. That's your business.
24:25
But you can also bury some like the like the pirates, Ron 10
24:28
wonderful people. Where was I?
24:30
Oh, yeah. Have a plan, maybe think about
24:33
like maybe you'll buy a rental property, right?
24:37
I'm not into that, but a lot of people are.
24:38
It's real estate. It's real, right?
24:40
Buy something real, maybe gold, gold, I'm sorry.
24:44
Oil company stocks will be really cheap.
24:46
And when you buy an oil company stock, you're buying that oil
24:50
that they have and they produce, right?
24:51
So just have a plan for what you may or the other thing I'm going
24:55
to tell you this right now, this is very important, very
24:59
important. I don't give financial advice
25:02
except for this, OK. And that is this.
25:05
If you sell some of your silver, if you have any type of debt
25:09
that's on an adjustable rate, like a credit card, right, where
25:12
they can adjust the rate up and up and up and up.
25:14
And credit card rates now or what, 30 percent, 25%.
25:18
The first thing you should do is pay off any adjustable rate that
25:22
that's an automatic win no matter what because of the
25:26
dollar continues to crash and the price of silver goes up and
25:29
you sold some of your silver, the rate on that adjustable rate
25:32
that will continue to go up. So I will give that financial
25:35
advice. OK, All right, I did that.
25:40
Be careful, all this is big. Be careful.
25:43
If you decide to sell gold, silver, anything, shop around.
25:47
It's kind of like, I hate to say this, buying a car or something
25:51
else. Don't just go one place and take
25:53
what they offer. Shop around, do your research,
25:56
OK? Make sure that you are getting a
25:59
fair deal if and when you ever because you know in any business
26:04
there's some unsavory characters.
26:06
The gold and silver business have a lot of wonderful.
26:09
The majority of people are are quality and all that, but
26:12
always, always, always shop around and you don't have to
26:16
sell. I can look you straight in the
26:20
eye, my friends in the basement and tell you I have never.
26:23
Hey, don't forget. Give this a thumbs up, Susie
26:26
Upstairs Susie, she says hi to everybody.
26:28
She's out visiting her 92 year old mother, but she always loves
26:32
to get the thumbs up. So high 5 The upstairs Susie,
26:36
she says hello to everybody. Give it a thumbs up because
26:39
she'll be checking later. OK.
26:40
And I'll ring the gong for you guys here in a minute now.
26:44
Oh, yeah, You don't have to sell, right?
26:47
You don't have to. I've never sold an ounce of
26:50
silver. When I would buy silver, look, I
26:54
always looked at it as generational wealth.
26:57
Because think about this. There's a reason why that's
26:59
important. If your grandpa's grandpa, your
27:05
grandpa's grandpa, his grandpa, what's that like 6 generations
27:09
back, right? It had some of this.
27:12
This is silver. Oh yeah.
27:14
Isn't it beautiful? The most I think the most
27:16
beautiful thing in the world and it's from first met who I'm
27:19
holding it right in front of. Anyway, if you had if if your if
27:22
your grandpa's, if your grandpa's grandpa's grandpa had
27:26
some of this and handed this ounce of silver right down from
27:31
generation to generation to generation to generation.
27:35
You could go out today with this ounce of silver and essentially
27:40
buy exactly or more what that grandpa of yours from six
27:45
generations back could have bought back then, right?
27:48
You could go out and take, let's for instance, you could go out
27:50
and have a feast with your family with this, maybe
27:54
Applebee's, the Olive Garden, one of those kind of places, but
28:01
a feast nonetheless, just like right, 300 years ago, somebody
28:05
could take this. So it's the point is this, you
28:08
don't have to sell your silver. It's gonna go up and down and
28:12
you don't have to even really value it.
28:16
It is the using the paper dollar is the unit of measure.
28:20
There's nothing that says you can, but you can value this
28:23
against a barrel of oil, which by the way, this is more
28:26
valuable, last I checked, in a barrel of oil, first time in
28:30
history. You can value it against
28:32
anything, food, a bushel of wheat, anything.
28:35
So don't. You don't have to sell.
28:37
It is generational wealth. The other thing I'll say is
28:39
nobody knows for sure. Nobody has a crystal ball.
28:42
Those are just some keen ideas that I had for you about how,
28:46
when and why you may want to consider or why not that to
28:51
consider with your silver. Let's go ahead and take a look
28:54
at the US debt clock. I promised you that and boom,
29:00
we're going to leave. Hey, hey, hey, hey, hey, are you
29:33
there? Hopefully somebody give me a 5
29:38
by 5. I really apologize.
29:40
I accidentally clicked on the streaming software tab and that
29:47
ended our stream temporarily. OK, now we're back.
29:50
Now we are going to go out and look at the US step clock.
29:53
Sorry about that guys. So we will go to hold on here.
29:59
Oh, here we go. Hold on.
30:03
I tell you what streaming is can be a real I'm a one man band.
30:08
I appreciate your understanding. Oh, yeah.
30:10
Did I tell you that? That's the president of China
30:12
and the president of India and they are the new Hunt brothers.
30:15
But that's not what we're doing. We are going to go now to the US
30:19
debt clock just to do a quick check.
30:22
I wonder what the paper to silver ratio is right now.
30:26
Here we go. All right, how's everybody
30:29
doing? Happy holidays.
30:30
We are at the US National Debt Clock where we have, oh, if we
30:35
stay on for a few minutes, we're going to get to 38 trillion, 500
30:39
billion in debt. Oh boy, as you can see down
30:45
here, interest on that debt, almost a trillion and the
30:48
deficit now it says 1.7 trillion, which is still crazy
30:51
high. Don't forget the debt creates
30:54
the interest. The interest creates even more
30:56
of a deficit. The more of a deficit creates
30:59
more of a debt and it turns into just because we do it every time
31:03
we are live, I can never get a we'll use blue.
31:09
It goes like this to this to this, and then that makes this
31:14
bigger, bigger. It turns into do you see that?
31:19
It turns into a spiral. All right, I wanted to go check
31:23
over here. We are going to look at the
31:26
paper. OK, hold on here first, we'll
31:31
look up here. The dollar to silver ratio is
31:34
currently sitting at well, you can't see it.
31:38
OK, it's in the second column. You can see my hold on here.
31:43
For some reason the markers don't work over here.
31:45
It's right here where my cursor is going back and forth. 1164
31:50
That means for each ounce of silver that is being mined this
31:53
year, the US government is printing $1164 through the M2
32:00
money supply, which is like the biggest measure of the liquid
32:04
money in our economy. OK.
32:07
The five year average is $1500 being printed that for each one
32:12
ounce of silver that's being produced.
32:14
If we go a little bit lower here, all right, you can see my
32:18
cursor, it's like the 4th bottom or second box from the bottom.
32:23
The paper to silver ratio currently sitting at 357 ounces
32:29
to 1. All right, guys, it's going to
32:31
be a wild ride. Thanks again for joining me down
32:34
here in the basement. Let's go do a quick update.
32:37
Let's make sure silver is still green on the day and Oh my gosh,
32:43
Oh my gosh. Let's just say it's improved
32:48
since we started the live stream.
32:50
Is that you? Did you buy silver?
32:52
Currently in the futures market we are at $67.49.
32:59
So silver is doing well. You know what?
33:01
While we're here, let's point a few beautiful things out on this
33:05
chart. This is a one year chart of
33:07
silver back in April. I mean, Can you believe this,
33:11
right, $30 per oz here back in April of this year.
33:17
Here we are a short 8 months lower, but look at the beauty of
33:21
that now. It was pretty steady up to
33:23
there, but now the rate of increase has gone up right from
33:28
about this point right here, right, It's become much steeper.
33:32
But I still want to point out I am, I am, I am not.
33:36
That is not what we call a spike.
33:39
A spike would look like this, like a short squeeze right where
33:43
it shoots up and then it usually would shoot back down.
33:46
Even though this has been a very, very, you know,
33:50
accelerated move up. We've had some periods of
33:53
consolidation during this as well.
33:56
And all through this period we had massive, I mean, look at
33:59
that Channel that the price basically stayed within.
34:02
It truly is a thing of beauty. Let's look at the let's go.
34:06
We'll go to five year, see if there's anything worth looking
34:08
at there. Now it does look like a spike,
34:10
but that's a five year chart. Let's look at all.
34:14
Wow, wow. So this goes back to 1982.
34:21
This is where this is where. Hold on, let me get the crayons
34:25
out. So about right over here would
34:27
have been 1970. This is where the giant cup,
34:33
right? And then handle happened and
34:36
man, have we gone for a wild, wild ride.
34:42
Unbelievable. All right, thanks again for
34:44
joining. Hey, before I forget 800 people
34:46
on here. Thank you.
34:47
It was it was a snap live stream on a Friday afternoon.
34:50
If you wanted to do something nice this holiday season, check
34:54
out a charity called hope walks. They're treating children all
34:58
over the world for the horrible affliction of clubfoot.
35:03
Read about it. It's much more common than those
35:05
of us in the West realize and they're making major impact on
35:09
children's lives all around the world.
35:11
I talk to the the guy that's that, that's the head of it, the
35:14
president of IT, Scott Reichenbach.
35:16
Good people. I feel really good about
35:19
recommending you check them out. I'm not being paid or reimbursed
35:23
in any way, shape or form for saying this.
35:25
It's just a charity that I know is doing really great work.
35:28
And if you want to do something nice again, please go check them
35:31
out. Let me show you their see if I
35:33
have their website. I do.
35:37
There it is right there. Hope Walks, it's Hopes, it's
35:39
hopewalks.org. They've got all kinds of
35:43
information out there, videos you can watch about the impact
35:47
that they're having all around the world.
35:49
It's very treatable and it only cost about $500 per kid to treat
35:53
it. So anyway, take care, OK?
35:55
Have a great day. I appreciate you.
35:59
And I know that it's, I mean, even when things are up, it is
36:02
just crazy lately in the metals markets.
36:05
We, we said this two years, three years ago, four years ago,
36:09
we'll say it today. We'll navigate all these waters
36:12
ahead of us and look for a bright future together.
36:15
Take care of yourself and I'll see you.
36:17
Yes, you, next time.