Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / PLUS! Latest INSIGHTS on Silver Market Price 😲 -- (Goldback, Gold Price, China)

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PLUS! Latest INSIGHTS on Silver Market Price 😲 -- (Goldback, Gold Price, China) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Today we're joined by Mr. Adam Van from Alpine Gold Exchange.
• 0:05
  We've got an exciting announcement about the new gold
• 0:08
  back from South. Dakota, we're going to walk
• 0:10
  through that, but we're also going to talk about precious
• 0:13
  metals in general and even some interesting developments
• 0:17
  happening right now in the silver market.
• 0:19
  Adam, welcome to Ron's basement. Thank you, Ron.
• 0:23
  Thank you for having me again. I really appreciate it and I
• 0:25
  like being on your show. Lots of fun stuff.
• 0:28
  So you received a package. From us, I hope I did one of my.
• 0:33
  Favorite packages of all time, I have to say.
• 0:36
  That's fantastic. I'm glad you enjoyed.
• 0:38
  So, yeah, so we've. Got a brand new goal back that's
• 0:40
  being released, a new state that's coming out and that's.
• 0:43
  The South Dakota goal back. It's being released on September
• 0:48
  19th. You can preorder them right now
• 0:50
  at goback.com. Or at at go back.
• 0:53
  Dot com but it also takes you to alpinegold.com, that's where you
• 0:56
  purchased them from is alpinegold.com and you can do
• 0:59
  preorders and then we will ship them out by.
• 1:01
  Well, we're already at the 18th. It happened pretty quick, but
• 1:05
  they're being released tomorrow and.
• 1:07
  You get to be the very first to review.
• 1:08
  Them on your show. So what do you think about them?
• 1:11
  Have you had a chance to look or you opening them up now?
• 1:14
  I I just opened them up and it it it, I'm just taken.
• 1:19
  Back by their, by their beauty, you were, you know, very
• 1:23
  generous to send me one of. Each of these gold backs and
• 1:26
  they all, they're unique and I just, I I can't say thank you
• 1:32
  enough because they not only are they beautiful, but you know
• 1:37
  there's another important component to them.
• 1:39
  They they have real gold in them.
• 1:42
  They are a store of value. I'll start here by just showing
• 1:45
  the I'll start with the one gold back and you sent me A1A1A5A10,
• 1:51
  a 25 and a fifty there we. Do and I'll explain that one
• 1:55
  just a little bit. This is the Goddess of.
• 1:57
  Pax and she represents peace and the pursuit of peace is what she
• 2:04
  represents and. It looks like that the.
• 2:08
  The dancer there in the middle is a Lakota tribe member that's
• 2:11
  doing the circle of life dance. And of course you can see the
• 2:14
  bison and the mountains in the background.
• 2:17
  And on the bottom corner you'll see the.
• 2:20
  That's the state flower. And.
• 2:22
  I'll try to say this. It's the American pass.
• 2:25
  Flower, which is a purple flower that usually.
• 2:28
  Blooms before the snow melts. So that's why it's the.
• 2:31
  State flower, yeah. And then here we have the number
• 2:34
  5. This is the the five gold back.
• 2:38
  And this is Industria. This is the Goddess of Industria
• 2:44
  and she represents hard work and perseverance, creativity, many
• 2:49
  of the. Of the.
• 2:50
  Southwestern thing or the Midwestern rather, you guys are
• 2:53
  in the Midwest, right? And South Dakota is in the
• 2:56
  Midwest. So she.
• 2:57
  Represents a lot of the Midwestern values of hard work
• 3:01
  and perseverance and then the number ten goal back.
• 3:05
  Which is the Goddess of. And she represents harmony with
• 3:11
  life's challenges, because there's plenty of challenges in
• 3:15
  life and and. She's the goddess of.
• 3:18
  Balance is kind of what that stands for and represents I'm
• 3:23
  trying to think of. These, these are just absolutely
• 3:27
  stunning and and and there's something about, you know, I'll
• 3:34
  repeat it because I can't say it enough, they're beautiful and on
• 3:38
  top of that they are metal. They're they're real money.
• 3:42
  It just, you know in the in the higher the denomination, they're
• 3:48
  all robust and feeling but. I wish that the viewer could
• 3:52
  feel this in their hand. Is 25 and we'll get to the 50
• 3:55
  next. But it it it it feels like I
• 3:59
  have and I not just. Feels like but I have real money
• 4:02
  in my hand and beautiful money. Absolutely, and you'll notice.
• 4:07
  You can compare that's. The Goddess of of Laura.
• 4:12
  I think I got a note here. Lorea is what that is the.
• 4:17
  Goddess of Lorea and she's the symbol of victory and knowledge.
• 4:21
  Is what she symbolizes. I mean, I'm impressed by your
• 4:25
  your knowledge. Of all these goddesses.
• 4:27
  So there's a guy, obviously a goddess theme on the South, New
• 4:31
  South. Dakota Goldbacks is that.
• 4:32
  That's right, I think. All the Goldbacks have
• 4:35
  goddesses. On them.
• 4:37
  And then the one that we that is constantly being represented is
• 4:41
  the 50 and all of the 50s have the same goddess and that.
• 4:46
  Is the Goddess of Libertas, because that's what it's all
• 4:51
  about. Is liberty and freedom and so.
• 4:54
  The goddess of Libertas. Is on all the 50s and I think
• 4:58
  liberty being the most valuable. Asset that we have.
• 5:04
  In America, I think it's fitting that it's on the most.
• 5:07
  Valuable gold back. And so now you'll notice with
• 5:12
  the 50 and the one, if you hold them both at the same time, you
• 5:15
  can really. Tell that you're getting.
• 5:18
  Quite a bit more gold from one to the other.
• 5:22
  See if I can hold these up at the same time.
• 5:23
  Absolutely. It's bigger than just it's
• 5:28
  bigger and it's the one is definitely robust and if you
• 5:31
  know it, it you can feel you know.
• 5:33
  It's, it's a solid piece for sure.
• 5:37
  But yes, the 50 absolutely feels heavier because it is, right.
• 5:43
  I mean it's got the. Is it?
• 5:45
  Does it have 50 times? It does.
• 5:47
  It has 50. Times more gold in it and the
• 5:50
  way. We'd like to trade.
• 5:52
  These is that you can trade. Of fifty of these.
• 5:56
  For one of these, what do they call that?
• 5:58
  An asthmatic or something like that?
• 6:01
  Where it's numismatic. Numismatic where you can change
• 6:04
  them out, right? Yeah, you can.
• 6:07
  You can change them out. So this one.
• 6:09
  Is worth about $4. And this one's worth about
• 6:12
  $200.00 and then we try to. Keep it so that the the the.
• 6:17
  Individual value per gold. Back You have 50 gold backs
• 6:20
  here, so you have. 50 individual.
• 6:23
  Values inside that, that's how we try to promote them and have
• 6:29
  them be distributed and spent. So these will be official legal
• 6:36
  tender in South Dakota, or can be.
• 6:38
  Used officially as legal tender in South Dakota.
• 6:40
  Is that a safe assessment? They are a legal they're.
• 6:45
  Specie legal tender instrument. And so if you.
• 6:48
  Follow the UCC, which is. Amazing reading.
• 6:51
  If you ever want to really dive into something fun to read, you
• 6:54
  can read. The UCC.
• 6:55
  And the UCC is. What is what?
• 6:58
  The uniform commercial. Code is what that is.
• 7:01
  And that is where legal tender and specie legal tender is noted
• 7:06
  in there and. That's what this is.
• 7:09
  Is a specie legal tender, specie being gold.
• 7:13
  And then the legal tender is. Also gold, which is
• 7:16
  constitutionally. So we can definitely use it for
• 7:18
  barter and trade and spending and currency and and all the
• 7:23
  like. Interesting.
• 7:25
  You know, I had a conversation with the CEO of Gold back not
• 7:31
  too long ago and he talked. About how there's there seems to
• 7:35
  be just a growing level of interest in this product from
• 7:39
  your side. You're in New Hampshire.
• 7:42
  If I have that correct, are you seeing the same thing that
• 7:44
  there's just increasing interest in the gold back product?
• 7:48
  Definitely. In New Hampshire, we're getting
• 7:50
  a. Lot of a lot.
• 7:51
  Of interest in it. People like to.
• 7:54
  Trade and barter here anyway, we've got a lot of farmers
• 7:56
  markets, we've got a lot of homesteaders, so we have a
• 7:58
  homesteader law here and you can actually homestead.
• 8:02
  From your home baked. Goods, Food, products, packaged
• 8:06
  products. Things that people sell at craft
• 8:08
  fairs and farmers markets and things like that.
• 8:12
  Is perfectly legal. To to do inside your home and
• 8:15
  you know that. You still have.
• 8:16
  There's still rules. That you have to follow, but
• 8:19
  it's not like. You have to have a big
• 8:20
  manufacturing plant, so when you're trading with people on A.
• 8:24
  Local level like that. Then you wind up having a lot of
• 8:28
  barter and a lot of trade involved anyway, So the person
• 8:31
  who provides pork chops is also providing, you know, maybe
• 8:35
  trading with the person that does.
• 8:36
  Eggs or the? Person that's bringing you
• 8:38
  vegetables and the person that's bringing you fish.
• 8:40
  Because we have a. Fish market.
• 8:41
  Here too we have 13 miles of of coast and we have fishermen
• 8:45
  that. Go out every day.
• 8:47
  And bring back fish every day and they trade them down at the
• 8:51
  fish market and so the gold back.
• 8:54
  Really, gold and silver and and metals really come in handy when
• 9:00
  when you need to trade value and you need to trade something of
• 9:06
  real value. To hold while you're, you're,
• 9:09
  you're. Waiting on a product that you do
• 9:12
  need. So maybe you don't.
• 9:13
  Maybe you've got plenty of. Eggs that day, so.
• 9:15
  You can't trade fish for eggs, but you can definitely.
• 9:18
  Trade with, with. Gold and silver.
• 9:20
  And a lot of people do do that in New Hampshire.
• 9:22
  A lot of people are. Trading gold and silver.
• 9:25
  We have silver mint. I guess they're not a mint.
• 9:28
  There was a smelter. What do you call us?
• 9:30
  A person who makes their own refinery.
• 9:33
  Yeah, we. Have refineries and.
• 9:36
  They they make their own silver pieces and things like.
• 9:40
  That to trade. If you're looking to buy gold,
• 9:42
  silver, or platinum, do yourself a favor and check out Pin Becks,
• 9:47
  the online precious metals bullion dealer and sponsor of
• 9:51
  Ron's Basement. I was a happy customer before
• 9:54
  they offered to support the channel.
• 9:56
  You'll find they have the best prices, quality, and service.
• 10:01
  I think Pin Becks is best, and you will too.
• 10:04
  And be sure to tell him that you're from Ron's basement.
• 10:07
  It's interesting what you just. Brought up a good friend of mine
• 10:10
  and fellow YouTube content creator Bald Guy Money.
• 10:14
  I was having a conversation with him a few.
• 10:16
  Weeks ago we were doing a an interview together and he he he
• 10:21
  was referring to. But this also applies equally to
• 10:25
  gold and I think. Especially applies to the gold
• 10:29
  backs that that you can think of these as batteries and not from
• 10:35
  the, not from the. Perspective that they store or
• 10:38
  electricity, battery, but that they store work.
• 10:42
  They store value. And like you said, you can, you
• 10:45
  can, you can store, you know your value in that until you
• 10:49
  need to harvest it, until you need eggs, or until you need to
• 10:52
  do whatever you need to do with it in the interim.
• 10:55
  But it's a much more robust and reliable store of value, in my
• 11:01
  opinion anyway, than let's say, paper money, $100 bill versus a
• 11:08
  you know. A50 gold back I would, I would
• 11:11
  go. With the 50 gold back, if I had
• 11:12
  to knew that I had, I wasn't going to need.
• 11:15
  Value out of it for let's say six months or a year or even
• 11:19
  maybe 6. That's right.
• 11:21
  And you know the. Dollar is what it is.
• 11:23
  The dollar is is a note. It's a note for debt.
• 11:28
  So whenever you work for someone, they.
• 11:30
  Give you a paper dollar. That's a a A note.
• 11:33
  Of debt that you're owed. And then you can take that to
• 11:37
  someone else and you can. Trade that debt.
• 11:39
  For goods and services, and that's fine for what it?
• 11:42
  Is but it's a. Debt note and it's subject to
• 11:46
  inflation. So it it it has its.
• 11:48
  Place in the marketplace but. A store of value the.
• 11:52
  Dollar is not stocks. Are a store of value.
• 11:56
  Other investment options are a store.
• 11:57
  Of value. Gold and silver are precious
• 11:59
  metal. Assets that are store of.
• 12:01
  Value and those are the ones that I like, but you know
• 12:03
  properties, vehicles, things of like.
• 12:06
  That are stores of value. If you were looking at the used
• 12:09
  car market in 2019, you wouldn't.
• 12:11
  Have thought that that was a store of value.
• 12:14
  But in 2021, all of a sudden, the used car market is a really.
• 12:18
  Great store of value because. If you compare the used car
• 12:24
  against the dollar, the used cars are beating the dollar
• 12:28
  right now. Because the wealth is being.
• 12:31
  Preserved in the in the car and the inflate and the dollar is
• 12:35
  being inflated and so. Many things are a store of
• 12:39
  value. The what makes the?
• 12:40
  Gold backs Really. A great store of value is it's.
• 12:43
  So small. This is only about $4.00 so you
• 12:46
  can buy a carton of eggs. You can buy a cup of coffee.
• 12:49
  You can do. You can trade this simply and
• 12:52
  easily and you get to carry it around in your wallet and it
• 12:55
  looks really nice. It has a nice functional use to
• 12:58
  it. You can carry a lot of them
• 13:00
  where with. I like silver too.
• 13:03
  So walking around with a pocket full of silver is kind of
• 13:05
  challenging sometimes if you've got 25 silver pieces versus 25
• 13:10
  of these that are nicely folded into your.
• 13:13
  It's a lot easier to carry the gold backs, so.
• 13:15
  They have a functional purpose to them and and back.
• 13:18
  To the asset part of. It in the store of wealth
• 13:22
  against the dollar. It it seems as if to me, I've
• 13:27
  changed my thinking lately. To where?
• 13:29
  The value of the gold. Is actually staying the same.
• 13:32
  Because you're you're. Buying the gold and you're
• 13:34
  putting the wealth, your wealth into the gold and you're
• 13:37
  building it. You're you're building it up
• 13:39
  over time. Metals in general.
• 13:41
  You are. And then?
• 13:42
  The value, the dollar value of the gold goes up but.
• 13:46
  That's not really. Because the value of the gold
• 13:48
  is. Going up, that's because the.
• 13:49
  Value of the dollar. Is going down.
• 13:51
  So when when you see. Gold going down in price.
• 13:56
  That just means that the. Dollar did a little bit.
• 13:58
  Better that month, but over time we've seen for the last 100
• 14:02
  years, over time dollar is subject to inflation and gold
• 14:07
  and silver is not. So it's a better.
• 14:09
  Store of value in my opinion absolutely.
• 14:12
  And that can be I think of. A bit of a difficult concept for
• 14:16
  any of us that were maybe born and raised in a western country
• 14:19
  to. Grasp the fact that you know you
• 14:22
  aren't measuring gold in dollars.
• 14:25
  Maybe you're measuring dollars in gold and and you know and and
• 14:30
  I even heard someone put forth the argument regarding the gold
• 14:34
  standard. I like to think, I like to say
• 14:36
  that the world's never gone off the gold standard, the silver
• 14:39
  standard. It's always, you know, Nixon
• 14:41
  temporarily. Took us off the gold standard,
• 14:43
  but at the end of the day, you know, the world is still on the
• 14:47
  gold standard. And one of my guests brought up
• 14:50
  a great point And he said, yeah, as long as in America you're
• 14:54
  still able to convert your paper dollars for gold, the argument
• 14:59
  can be made that you know. Gold is still the the base gold
• 15:03
  and silver, like, John Exter, who was an ex Federal Reserve
• 15:08
  economist, wrote many time with Extras Pyramid.
• 15:10
  I don't know if you're familiar with that, but gold and.
• 15:12
  Silver are the base of the monetary system.
• 15:16
  And, you know, yeah, you can, you can measure it in dollars,
• 15:20
  but at the end of the day, it still is the, you know, the
• 15:24
  foundation upon which everything rests.
• 15:27
  And I think it really is. And if you want to just see any
• 15:30
  proof of that or evidence of that, just look.
• 15:33
  At what the central bankers? Have been doing for the last
• 15:35
  five or six. Years they've been buying.
• 15:37
  As much gold and silver as they can.
• 15:39
  So they know the value of it and they they know that their wealth
• 15:42
  is going to be stored in that value and they know that
• 15:44
  they're. You're.
• 15:46
  Not going to have a bank that collapses.
• 15:47
  If you've got a vault full of gold.
• 15:50
  In. Silver So you'll be in good
• 15:52
  shape and I'm going to interject as well as.
• 15:57
  It goes with your point, not only if the central bank's been
• 15:59
  buying gold. But they've also been
• 16:01
  repatriating gold countries all over the.
• 16:05
  World have been requesting. That's been going on for maybe
• 16:08
  the last 5-10 years, but it's even picked up a little bit.
• 16:11
  Lately, where you've got country saying we don't want to store
• 16:14
  our gold in New York or London, we want our gold now in our
• 16:18
  country, they're going back to the old.
• 16:20
  Which gold back achieves this as well.
• 16:23
  If you don't hold it, you don't own it.
• 16:26
  Type mentality and and it's important to note that the not
• 16:30
  only central banks have been acquiring gold, but the Bank for
• 16:35
  International Settlements, the BI.
• 16:38
  S, which is the central Bank of the central banks.
• 16:42
  They changed the, the, the, the reserve.
• 16:45
  Status of gold to a tier one asset a few years back, meaning
• 16:49
  that's the highest level. For physical gold.
• 16:52
  For physical gold that if a bank owns physical gold, they
• 16:55
  basically can. You know that's considered now a
• 16:57
  tier one asset. So, you know, it seems that all
• 17:00
  over the world we're. Seeing a renewed A renewed
• 17:08
  interest in gold as a store of value, I think so.
• 17:12
  I think so, and I think there's more to come too.
• 17:14
  So you like. The silver markets pretty heavy,
• 17:19
  what do you think about? What's going on in Shanghai,
• 17:21
  over in China right now with the silver markets, what's?
• 17:24
  Your about that there you. Know that.
• 17:26
  That's interesting. I'm not a I'm not a guru or an
• 17:28
  expert. But I tell my viewers, and those
• 17:30
  that are joining us right now, there's two new acronyms that we
• 17:33
  need to remember. SGE, the Shanghai Gold Exchange
• 17:39
  and the SFE, the Shanghai Futures Exchange, because you
• 17:43
  know, in the last couple weeks we've seen a, a, a, A.
• 17:47
  Difference in price on both of those markets, which was
• 17:50
  significantly higher than what silver and gold were trading for
• 17:55
  in New York and London. I think with silver it got as
• 17:58
  high as 12 or 13%. You know silver was trading
• 18:01
  around $25 when it was trading in in Shanghai, when it was
• 18:06
  trading for like 2223 in the Western markets.
• 18:12
  So it's an interesting dynamic and another thing I'll throw in
• 18:15
  and then I'll get your thoughts on that as well, Adam, is the
• 18:18
  one of the big differences is though their markets, the
• 18:20
  Shanghai Gold Exchange is much more based upon physical.
• 18:24
  There's not this crazy leverage that I'm sure everybody's.
• 18:28
  Heard about it like we have at the Commacks, where there's
• 18:31
  somewhere between 30 and 300 contracts written on each one
• 18:35
  ounce of metal that they actually have in their vault.
• 18:39
  Man, you know so much more about it than I do.
• 18:42
  Boy, you believe me? I was just.
• 18:46
  Looking at the. Silver markets because they had
• 18:48
  turned over the weekend. I liked what I was seeing on on
• 18:52
  it from Shanghai on Friday. I like to.
• 18:57
  Pay attention. To what Shanghai is doing at
• 19:01
  9:30 at night. The next day and it's kind of a
• 19:04
  a tell on on what our markets are going to do the next day.
• 19:08
  So I noticed that the silver and precious metals, but
• 19:11
  particularly. Silver had started picking up.
• 19:14
  In in Shanghai Thursday night at 9:30 and then by the time the
• 19:19
  markets opened here, it had opened at about 1.7% higher than
• 19:24
  it was the Thursday. Previous and I think.
• 19:27
  It's going to happen the same thing today.
• 19:29
  The markets are going to open in about 15 minutes and.
• 19:31
  And judging from what? Silver.
• 19:34
  Was being sold for at 9:30 last night.
• 19:38
  I think we're going to have a nice, exciting week this.
• 19:40
  Week for Silver? And I think right now Silver has
• 19:44
  hit its bottom, it's been dropping, but it, it went kind
• 19:46
  of crazy back in March and shot way up with really high premiums
• 19:51
  and I think we were. Due for a A.
• 19:53
  Correction because the the market was hysterical for about.
• 19:56
  Five or six weeks? And so I think it came down nice
• 19:59
  and slow. And now we're getting ready to
• 20:01
  go into. The fourth quarter Q4 is coming
• 20:04
  up. We're getting ready to.
• 20:06
  Have a whole bunch of banking profits and and and earnings
• 20:10
  reports that are going to be coming out at the end of
• 20:12
  September and I don't think those, I don't think those
• 20:14
  reports are going to be very good.
• 20:16
  For the banks, and so I I. Expect the fourth quarter to be
• 20:20
  very exciting with silver and it's really going to start
• 20:23
  picking up. And if Shanghai has any
• 20:25
  indication, if it's the Canary, then it's it's indicating that
• 20:29
  it's going to, we've hit the bottom now and it's going to
• 20:31
  start turning back up is what my prediction is, but.
• 20:34
  That was that was my take on it. You you you were much more well
• 20:38
  read on that. I know way more than I do.
• 20:41
  No, that was that's that's a. Great.
• 20:45
  It's. Interesting.
• 20:46
  You know the gold back. Obviously is a gold based
• 20:49
  product. It's also important.
• 20:50
  To note with the Chinese you know China is the number one
• 20:54
  producer of gold in the world. They're also the biggest buyer
• 20:59
  of external. Gold in the world and and there
• 21:03
  was also a. Big almost 6.
• 21:06
  I think at one point last week gold was trading and when gold
• 21:10
  was trading for like $1912.00 in the US.
• 21:15
  Trading for like 2020 and higher in Shanghai.
• 21:20
  So you know and I think we can't underestimate the importance of
• 21:24
  the fact that that. The Shanghai Gold Exchange is a
• 21:27
  much more physical market. You know the COMEX and the LBMA
• 21:31
  are. Are leveraged derivative
• 21:34
  markets. Essentially whereas that market
• 21:38
  in Shanghai now and when it comes to silver, I'm sorry I'm
• 21:40
  rambling on here but another interesting thing to to consider
• 21:43
  with silver in China is. It's a much.
• 21:46
  More physical market, but from an industrial.
• 21:50
  They have much. A huger, much huger, more more
• 21:55
  robust demand for physical silver as well and they've been
• 21:59
  very vocal. The.
• 22:01
  Chinese about the fact that they think the silver.
• 22:04
  Price is too low. And how critical of a metal it
• 22:08
  is, not only from a precious metals perspective store a value
• 22:11
  perspective, but. Even more importantly for them
• 22:15
  to a certain degree is to be used in the manufacturing
• 22:18
  process. So and I wonder what the
• 22:21
  manufacturing rhythm is in China.
• 22:23
  I'm not familiar with you know what their down times are.
• 22:27
  You know they're they have kind of a a moving new year.
• 22:33
  It's somewhere between I think February and April or something
• 22:37
  at their new year moves. With their with their calendar
• 22:41
  in relation to ours. So I wonder when they start a
• 22:45
  new Chinese New Year if that affects.
• 22:48
  Their manufacturing rhythms and and I wonder, I would now I'm
• 22:54
  interested to know what those rhythms are because once the
• 22:57
  manufacturing kicks up, that's whenever the silver's going to
• 22:59
  kick up and it's going to become more exciting, yeah.
• 23:03
  It's, you know, many analysts that follow.
• 23:08
  This very closely. Have talked about the fact that
• 23:12
  the both the silver and the gold.
• 23:14
  Markets are experiencing right now a tremendous period of
• 23:20
  change where the. They call it price discovery,
• 23:24
  the price discovery. Mechanism is.
• 23:27
  Appears to be shifting. More toward the eastern
• 23:31
  countries. You know, not to get into a big
• 23:34
  geopolitical conversation, but we have what's going on with the
• 23:36
  BRICS countries and now the BRICS plus with six more
• 23:39
  countries joining them, Those countries are, you know, are
• 23:43
  massive from a population perspective, from an economic
• 23:47
  perspective and from a economic growth perspective.
• 23:52
  With, you know, we're here. In the United States, we've seen
• 23:55
  kind of a strain put on our middle class, while China and
• 23:59
  India. Which combined have 2.8 billion
• 24:02
  people in their country, right, like 9 times what we have in the
• 24:06
  US and they have expanding economies and they have growing
• 24:10
  middle classes and Adam on top of that.
• 24:14
  Both. China, Chinese and Indian
• 24:17
  cultures. Put a.
• 24:18
  They're crazy about silver and gold.
• 24:21
  So it's it's real interesting time, you know, to be owning
• 24:25
  things like gold backs when it comes to store value.
• 24:29
  There's this whole move throughout the world to de
• 24:31
  dollarize. It's just a very exciting.
• 24:36
  Very interesting time and and you know to get again to get
• 24:40
  back to these these beautiful South Dakota gold backs, I mean.
• 24:44
  They are. A store of value and.
• 24:47
  In that metal that is in there is.
• 24:49
  Valued throughout the world. I think in the United States we,
• 24:53
  you know it, it's like the inverse or the opposite.
• 24:58
  Here, as opposed to India or China, I.
• 25:00
  Talked to people that were. Born.
• 25:02
  In India, have a lot I run into, have a little job I do at night
• 25:06
  or you talk to Chinese people and ask them.
• 25:08
  People that have lived in that country, you know, how are gold
• 25:13
  and silver perceived? And they're they'll tell you
• 25:15
  that, you know, it's like the. Opposite of what it is here
• 25:18
  everybody buys gold and. And that seems to be the trend.
• 25:24
  Where, Where A lot of. Let's say.
• 25:27
  Geopolitical power is shifting. Right now.
• 25:31
  And economic power. So I'm sorry I've gone down a a
• 25:35
  long rabbit hole, but it's it's a very interesting time here in
• 25:38
  which we live. No, you you've raised an
• 25:40
  interesting point and and a great point to talk about first
• 25:44
  mining. Gold is a development company
• 25:46
  advancing 2 of the largest gold projects in Canada, Spring Pole
• 25:51
  in Ontario and Du Parquet located in Quebec each.
• 25:55
  Already has five. 1,000,000 ounces of gold reserves.
• 25:58
  But exploration initiatives are underway at both projects to
• 26:03
  find even more gold. First, mining is well financed,
• 26:07
  has zero debt and owns an interest in four additional
• 26:11
  Canadian gold development projects over in different
• 26:14
  cultures. They think about gold
• 26:16
  differently than we do here in America.
• 26:18
  There is a coffee shop right around the corner.
• 26:20
  It's William and Sons Coffee. If you ever visit Manchester,
• 26:23
  you have to go to William and Sons Coffee because it's.
• 26:26
  Just absolutely the best. The gentleman John there that
• 26:29
  that owns and manages the place. He actually visits the farms in
• 26:33
  Brazil and the different areas where he buys the coffee beans
• 26:36
  and they ship them, the coffee beans green.
• 26:38
  So he's not getting them secondhand.
• 26:40
  He's not buying them from from any any, any, any, any
• 26:45
  distributor. He's buying them from the
• 26:47
  farmers and it's just off the hook and him being a world
• 26:51
  traveler. He Whenever I first started
• 26:54
  going there, the First off the coffee's phenomenal.
• 26:56
  So I I started going there every day.
• 26:59
  I I have a habit where I pull my wallet out and the first thing I
• 27:04
  do is I I open my wallet and you can see the gold backs right on
• 27:07
  the side. So my very first question is, do
• 27:09
  you accept? Like, can I can I pay with gold?
• 27:12
  And this gentleman had never seen Gold back or anything, and
• 27:16
  so he looked. At that.
• 27:18
  And he looked back at me and he says, you're going to pay me
• 27:21
  gold for coffee. And I said yes, Sir, if you'll
• 27:23
  take it. And he says I can make a lot of
• 27:25
  coffee. But he came from a culture in
• 27:30
  Brazil. Where and he's a world traveler
• 27:33
  and they treat gold and silver totally different and other
• 27:36
  cultures so. For him, he had.
• 27:39
  For him, it was an easy answer. It was an easy yes.
• 27:41
  If you're going to pay me gold for coffee, I'm going to make
• 27:44
  you as much coffee. As you have, as you have for
• 27:46
  gold and and so is and I've seen that again with people from
• 27:51
  Pakistan and other parts of. Europe, where they're used to
• 27:54
  seeing gold, they're used to seeing it, they're used to
• 27:56
  transacting in it. And whenever I show them a gold
• 27:59
  bag, about the only thing that they want to talk about is how
• 28:02
  nifty it is, how thin it is. They want to talk about the
• 28:05
  manufacturing. Process.
• 28:07
  But they're they're, they're. I don't have to sell them on
• 28:12
  gold and silver. I'm just showing them.
• 28:15
  I'm just showing them the gold back and I'm just showing them
• 28:17
  what we have and they they're more interested in how it's made
• 28:20
  and and things like that and they're they're very easy to
• 28:23
  sell. On because they know the value
• 28:24
  of those precious metals. So what you're saying about
• 28:27
  India and China, they're used to seeing these things and so their
• 28:31
  culture? Is a lot different and it's much
• 28:33
  more widely accepted, I think, yeah.
• 28:36
  Gold and silver have been valuable.
• 28:38
  You know this. I know this and and the the
• 28:40
  person joining us right now knows this, but it's.
• 28:42
  Worth repeating? Have been valuable for thousands
• 28:46
  of years, and not just for thousands of years.
• 28:49
  But everywhere. On the globe I'm looking up my
• 28:52
  grandpa's old globe, up behind my camera, and anywhere on that
• 28:55
  planet during any time in the last thousands of years.
• 28:59
  Gold and silver. Have been.
• 29:01
  Valuable. And I you know, I think that
• 29:04
  that that in America. There's there was when you.
• 29:07
  Know when? When Nixon took us off the gold
• 29:10
  standard in 71. There was a concerted effort to
• 29:15
  at that point, you know, they divorced the dollar from gold.
• 29:19
  And there was a concerted effort to, let's say, dissuade
• 29:23
  Americans away from owning physical gold and silver.
• 29:26
  And we can't forget that, you know, prior to that, from 1933
• 29:31
  when Roosevelt confiscated everybody's gold and made it
• 29:34
  illegal. So from 1933 through 1974 it was
• 29:38
  illegal to own gold in this country.
• 29:40
  So we've had almost a. 100 years now of either.
• 29:44
  Gold. Being illegal, which it was at
• 29:46
  one point to then being shifted to.
• 29:50
  Let's just say. People.
• 29:54
  Were discouraged from buying. So I mean the in the in the
• 29:57
  mainstream. Financial services industry in
• 30:00
  this country doesn't sell silver and gold, right?
• 30:03
  They sell. Stocks and bonds.
• 30:04
  And things that they can make commissions on, so we have.
• 30:07
  We have a culture. Here, where parents and
• 30:09
  grandparents aren't teaching their kids about the.
• 30:13
  Value of silver and gold. But there seems to be an
• 30:16
  awakening and it also, I think it's very important to point out
• 30:20
  that. What we're doing.
• 30:21
  Is what our Founding Fathers. Wrote into the Constitution, you
• 30:26
  know you're familiar with the number of states around the
• 30:28
  United States that on an individual state by state basis,
• 30:31
  or you know, passing legislation based on the Constitution to
• 30:35
  allow their citizens to use gold and silver as legal tender.
• 30:38
  So. It's an.
• 30:41
  It's an interesting time on many levels in which we're living
• 30:44
  right now. Yes, it is.
• 30:46
  Yeah. And those states are growing.
• 30:47
  There were some. House representatives that.
• 30:52
  Filed a few bills, I think one bill in particular, last week.
• 30:56
  To to make gold and silver more widely accepted by the.
• 30:59
  State and in New Hampshire now we'll we'll have to see how
• 31:02
  that. Goes this is the.
• 31:03
  It's an awkward thing with politics.
• 31:05
  You have to submit a bill and then you don't get to talk about
• 31:08
  it until February. So I don't know how any of that
• 31:11
  stuff works, but apparently. They they they've submitted it
• 31:15
  and then they're going to start talking about it in February.
• 31:17
  So a lot of states are doing that, though a lot of.
• 31:20
  States are really pulling back, dialing back their money
• 31:23
  situation, really thinking about it, thinking about how they're
• 31:26
  going to manage their local economies well.
• 31:29
  And and you know, I like this. I like to point this out to to
• 31:32
  the viewers. As well if you.
• 31:33
  Think about the big. Picture of what's going on.
• 31:37
  With. Gold with.
• 31:38
  Gold backs with silver. Maybe people are silver stackers
• 31:42
  in the United States. You've got a growing number of
• 31:45
  people who are who are buying silver and gold.
• 31:49
  Okay. Then and and then if you if you
• 31:51
  zoom out on a state by state. Basis you've got a growing.
• 31:54
  Number of states that are moving forward with this legislation,
• 31:58
  Tennessee, you probably know the list better than me.
• 32:00
  I know we're trying here in Missouri, Kansas, past.
• 32:04
  There's just a growing. Number of states.
• 32:06
  That are. Protecting their citizens,
• 32:09
  right, Constitutional right. And then if you zoom out on a on
• 32:13
  a national basis, obviously the, you know, on a national federal
• 32:17
  basis, there's nothing going on with gold and silver.
• 32:20
  But if you zoom out one level further.
• 32:22
  To the world and. I'll just end with this last
• 32:25
  point. You know, if you look at the
• 32:27
  five biggest economies in the world, at the top you have the
• 32:31
  United States. But close behind.
• 32:33
  And #2 you have China. We already talked.
• 32:36
  About how the Chinese? Value gold, right?
• 32:38
  The world's biggest producer. The world's biggest importer.
• 32:41
  We know how the Chinese feel about gold.
• 32:44
  In. #3 You have Japan. And there's we could go on for
• 32:51
  another half hour talking about how right now in Japan there is
• 32:54
  a gold frenzy going on because the yen is dropping in value in
• 33:00
  Japanese citizens are I'd encourage anyone listening going
• 33:03
  to Google and write Japanese goldbine.
• 33:06
  It's there's. A gold frenzy.
• 33:08
  Going on Japan and Japan is a huge, huge economy.
• 33:11
  And I may have mixed up #3 and #4, but that doesn't really
• 33:14
  matter because we're going to say #4 is Germany.
• 33:17
  Jarmans love gold and silver They have.
• 33:20
  For, you know, it's. Part of their called a lot of
• 33:22
  that has to do with past hyperinflations, the Weimar.
• 33:26
  You know all that whole situation and #5 is India and
• 33:30
  nobody compares to India when it comes to love of precious
• 33:36
  metals. Indian households have 25,000
• 33:38
  metric tons, just their households alone which is 3.
• 33:42
  Times what we have at Fort Knox, so.
• 33:45
  The world. Of precious metals, I don't
• 33:48
  know. And when you look at the
• 33:49
  countries that are growing, you know, to me.
• 33:52
  The trend? Seems to indicate that I'm not
• 33:55
  saying people are going to get rich by buying gold and silver,
• 33:59
  but this is what I like. Then I promise, Adam.
• 34:01
  I promise I will. I will.
• 34:03
  I will be quiet but what I like about.
• 34:05
  Silver and gold? Is that when I look at it?
• 34:09
  Is there a? Chance that it could go down in
• 34:11
  real value. I think very minimal chance that
• 34:15
  in terms of real value that it could go down.
• 34:18
  Is there a chance that that it will?
• 34:21
  Maintain its value, I say the. Probability of that terms of.
• 34:25
  Maintaining real value, right? You know that an ounce of gold
• 34:29
  will continue to buy me a fine suit of clothes. 50 years ago,
• 34:33
  just like it has for the last. 2000 years, absolutely.
• 34:36
  That and that. There's a chance depending on.
• 34:39
  How situations play out in the future that it could offer some
• 34:45
  some significant real value appreciation as we head into
• 34:50
  these next 10 years Because when I look at the big.
• 34:52
  Picture, you know. We won't even go into the
• 34:56
  financial situation United States.
• 34:58
  I just I I. I I see a scenario.
• 35:00
  Where the metals will will continue to perform well.
• 35:05
  Yes, and I'm going to have to wrap it up too because I'm going
• 35:07
  to have to open the store soon. But So what you're saying about
• 35:11
  gold is going to hold its? Value, so the biggest argument I
• 35:15
  have for gold or. That I've heard for gold and how
• 35:18
  it's going to drop in value is that there's a comet and outer
• 35:21
  space. That people are thinking about
• 35:23
  mining and that would destroy the gold market, so right?
• 35:26
  Now we have a dollar that that falls every time some rich man
• 35:30
  sends a tweet, and the best argument you have for gold is a
• 35:34
  comet in outer space. That's going to crash the gold
• 35:37
  market. I'll stick with gold.
• 35:38
  I'll take my chances with the comment.
• 35:41
  I don't know. Maybe you need to go put.
• 35:42
  Your space suit on, that's what. You're up to.
• 35:45
  I'm not sure. Thank you.
• 35:46
  Thanks absolutely. Thank you so much, Ron.
• 35:48
  I really appreciate being on your show.
• 35:50
  I'll just tell. Your listeners one more time
• 35:52
  that they can go to alpinegold.com and they can pick
• 35:55
  up their South. Dakota Gold backs, We're going
• 35:57
  to start shipping them on the 19th and they can get in line
• 36:01
  early. I don't know when this episode's
• 36:02
  going to going to air, but. Go to alpinegold.com and get
• 36:06
  your South Dakota gold backs. We're starting.
• 36:08
  To ship them right now. Thanks, Adam.
• 36:11
  We'll see you soon. Take care, my friend.