Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 📣 I WARNED You 📣 Why Silver Is About To Become MUST-HAVE (Gold Price Too)

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📣 I WARNED You 📣 Why Silver Is About To Become MUST-HAVE (Gold Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
Is silver about to become must have?
0:03
What big news did we get today that will impact the price of
0:06
gold and silver as we move into the coming months?
0:10
More importantly, what other big stories are happening right now
0:14
giving us a clue about silver? Today's big story, of course, is
0:19
the CPI. But what's silver's secret
0:23
weapon? Let's talk about this CPI
0:25
number. Was it good?
0:27
Was it bad? Are you getting the same feeling
0:30
that I get? Like some of the reports say,
0:32
oh, it was great. Other ones are telling us it
0:35
wasn't so great. I'm going to tell you what's
0:37
really going on, but let's go out to I thought the report from
0:43
CNN was quite interesting. Inflation milestone.
0:50
Interesting. CNN consumer Price Index shows
0:53
below 3% for the first time since March of 2021.
0:58
So we're supposed to celebrate that we have 3% inflation.
1:04
Should we celebrate that? The last time we went to the
1:06
grocery store, prices on everything are darn near, if you
1:11
noticed this twice as much as they were 5-6 years ago.
1:16
But I'm hearing other people I was, I was watching CCBNS or
1:21
what's it called, CBS and CNBC. That's what it is this morning
1:26
for about, oh, let's say 6 minutes and they're declaring
1:30
that a guy on there declaring the inflation battle is over.
1:35
Really, guys, there's a big major factor which could come
1:40
into play in the next, let's say, year.
1:43
It could be even sooner, but definitely in the next 5 to 10
1:46
years that will propel the silver price and gold price
1:52
higher. Oh, sorry, there's an ambulance
1:54
driving down my street. OK.
1:58
And that is one simple fact. No matter how they want to play
2:03
it, no matter how they want to try to convince us otherwise,
2:06
inflation is not going anywhere. OK, the Fed cannot control a
2:12
couple key big factors that really are different this time.
2:15
OK, they can't control what's called supply side inflation.
2:20
That means the supply of goods coming from foreign countries,
2:25
places like China, India, etcetera, etcetera.
2:28
They have no control over that. And that is way different now
2:32
than it was just let's say even a decade or two decades ago.
2:36
The other thing they can't control is geopolitical risk,
2:39
war, no other way to say it. Are we in the beginning phases?
2:43
I mean, if things continue to escalate, where do you think
2:46
this is heading, right? It's not heading anywhere good.
2:49
We know that. So you have supply side that the
2:52
Fed can't control geopolitical with the bricks, everything else
2:57
going on. Think about that for a moment,
2:59
OK? All right.
3:00
And on top of that, on top of that, the icing on the cake and
3:04
probably the most important thing, all right, And I'm going
3:07
to tell you why this inflation, inflation, inflation, inflation,
3:11
that's what we're going to hear about over the next 10 years.
3:14
But why it will act as rocket fuel propellant for the silver
3:20
and gold price because the icing on the on top supply side, yeah,
3:25
OK, Geopolitics, yes, big deal war, yes, right.
3:29
But on top of everything, right, the financial situation of the
3:34
country is in such dire straits that that alone indicates that
3:40
we will have higher inflation. And I want you to think about
3:43
something, right? the Fed can't control supply
3:46
side inflation. the Fed can't control geopolitical. the Fed
3:49
obviously can't control our government either, even though
3:54
Jerome Powell says, Oh yeah, the, the, the, the, the debt's a
3:58
big problem, right? Look at the US debt clock,
4:01
right? But they can't control the
4:03
politicians. The politicians continue to
4:06
spend like drunken sailors, and that factor alone will drive
4:09
inflation. Now what?
4:11
How, when will that have a major impact on the silver and gold
4:17
price? Because it will.
4:19
It will absolutely affect the silver and gold price right when
4:25
the hens come home to roost because it will, it will create
4:30
a situation where we absolutely have to see inflation.
4:34
But where it gets very interesting, where it gets very,
4:37
extremely interesting for any silver and gold investor is when
4:42
we look at what it could do in regards to stagflation.
4:46
We've talked about stagflation us, right, the basement
4:49
dwellers. And by the way, basement
4:51
dweller, thank you for being here.
4:52
We're going to talk about this massive propellant for the
4:56
silver and gold price. But first I want to talk about
4:58
you. Thank you for being here.
5:00
Hey, I want you to participate in the basement.
5:03
If you want to call yourself a basement dweller, you're more
5:06
than welcome. A lot of us do, right?
5:07
We hang out, we talk about silver and gold, but we just
5:10
don't want to hang out. Your thoughts matter, your
5:12
opinions matter. Please #1 subscribe to the
5:18
channel and when you subscribe, find that little bell
5:20
notification. A lot of you contact me saying I
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never get alerts. When you go live, I never get
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alerts. You have to subscribe and turn
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on notifications. But most importantly, when
5:32
you're here, we want to hear from you.
5:33
We want to learn from you. There's a comment section once
5:37
you're subscribed, you can leave comments and we want to hear
5:39
what you have to say. As a matter of fact, I've got a
5:41
great comment that I picked out from one of you yesterday that
5:45
I'm going to read a little bit later in this video.
5:47
So please and give this a thumbs up and super chats are always
5:51
super appreciated. I'm going to put up the banner
5:53
also to thank our sponsors, but let's talk about this could be
5:59
this this is this will this will be huge for the silver and gold
6:04
price. It's the S word stagflation and
6:08
let's let's look at just proof that stagflation that that the
6:14
economy is slowing. Let's go here make sure we've
6:20
got this up for you. Yes, Home Depot.
6:24
All right, CNN Business Home Depot issues a warning about the
6:29
economy. We won't dig into the mundane
6:32
details of this article. However, what we know is that
6:36
yesterday Home Depot reported that basically sales are
6:41
dropping, foot traffic is dropping.
6:44
OK, Now remember what we said earlier about inflation?
6:49
It's not going away. the Fed, the Fed, the only thing the Fed
6:52
can do at this point to control inflation is to crash the
6:54
economy. They don't want to do that.
6:57
They're beholden to the economy. We are going to have inflation.
7:01
the Fed needs inflation. The only way that that those
7:05
numbers on the US debt clockwork are if they inflate the debt
7:09
away. But at the same time, right, the
7:12
hens are coming home to roost and we are having a slowing
7:16
economy. Stagflation is a slowing
7:19
stagnant economy with inflation. And what, what we know guys,
7:26
this is this is the beautiful part.
7:28
And I know this and I want you to know this as well.
7:31
There are, there are no more ideal conditions.
7:35
There are, there's no more fertile soil for the gold price
7:40
for the silver price for other real assets as well.
7:43
But we happen to focus on gold and silver because we're
7:45
basement dwellers. There's no more fertile soil
7:50
than stagflation. OK, now I'm going to ask you, I
7:53
want to ask you to get a feel for you in in how you understand
7:57
this. Do you think?
7:59
If you do, I'm going to ask you to type a long word.
8:02
If you think stagflation, I'm going to do it half caps and
8:07
half type stagflation. It's happening guys in the
8:11
1970s. I'm going to pull up.
8:13
I'm going to pull my quick reference sheet because I want
8:16
to get this right. It's very important.
8:25
In the 1970s, silver rose from under $1.50 per oz.
8:32
In 1970, that happens to be the year that I was born to nearly
8:37
$50 per oz in 19. Eighty $1.50 to 50.
8:42
Thus silver rose by more than 25 times or by more than 2400
8:50
percent, 25 times increase. And why did that happen?
8:56
Stagflation. Everybody says that any, any
9:00
economist, anyone who writes about what happened in the 1970s
9:08
will reference stagflation and the Super.
9:12
The icing on top of the icing of it all is that the conditions
9:17
that were in place in the 1970s are in place right now, but
9:21
they're even more extreme. the US debt level geopolitical
9:26
strife, right? The inability of the Fed to
9:29
control inflation. Back in the 1970s, we were
9:34
really the, the, really the world superpower.
9:37
That's changing, right? We are in a different
9:40
environment right now and it will create a way different
9:42
environment for the, for the silver and gold price.
9:46
I, I owe you an apology, basement dwellers.
9:48
I showed you this example yesterday regarding why silver,
9:55
excuse me, is so must, must have, OK.
9:58
And we talked about all the silver that's being mined is
10:01
being consumed. Every ounce of silver that comes
10:03
out of the ground from a mining company.
10:05
Bye, bye. It's gone.
10:07
OK, so where are they getting the silver to fulfill the excess
10:11
demand, right? The silver deficit, they're
10:14
getting it from the silver slush fund.
10:16
And I used this visual for you, right?
10:18
There's the silver slush fund, the yellow part up top.
10:23
You see how it's going down, down, down, right?
10:27
Are we here now? How far are we?
10:29
I'd say we're halfway there. OK.
10:31
I just wanted to assure you. Thank you, Todd.
10:34
Thank you for that super chat. That is super appreciated.
10:36
Guys. Don't forget, please, please
10:39
leave a comment in the comment section.
10:41
Thank you to Jake's custom parts.
10:43
I'm sure Annie is here and Big 10 the Silvershire the
10:46
moderators for being here as well.
10:47
Guys, please say thank you to the moderators.
10:50
OK, But it did run out. OK, we with the the silver
10:54
situation. I got to keep an eye on it, see
10:56
if I can remember today. See there's the silver slush
10:59
fund. Hopefully you can see that, but
11:03
it's running out OK, and the time is almost up on the Fed as
11:10
well. Let's talk about the silver
11:12
trifecta. Everywhere we look, there's
11:17
just, it's just one unbelievable story after another when it
11:20
comes to silver. But the Silver Academy put out
11:24
an article a few days back that I thought was talking about how
11:27
the government is supporting. And it's not just the United
11:30
States, it's all over the world how governments are supporting
11:34
industries that are just devouring silver.
11:37
And I thought they did an excellent job in talking about
11:41
this hitting the silver trifecta.
11:44
We will use silver powered robots, right?
11:48
Because robots use a lot of silver to install silver
11:53
intensive solar panels. Did you hear about this newer,
11:58
newer form of of solar panels? I'm digging into it right now to
12:02
learn about it, but apparently it uses even more and more
12:05
silver. So silver powered robots to
12:07
install silver intensive solar panels to power silver consuming
12:13
AI data centers. That's what that's the world
12:16
that we're living in right now. OK, Silver.
12:19
The versatile element proves instrumental in various tech
12:22
advancements in robotics. It's physical properties and
12:26
electrical conductivity make it ideal for a wiring and ensuring
12:31
efficient energy transfer within the solar power sector.
12:38
Silver is a crucial component, right?
12:41
We've covered that ad nauseam. Therefore, employing robotics
12:47
for labor in solar farm installations, which inherently
12:51
involves silver dependent technologies, can be likened to
12:54
achieving the silver trifecta. Let's get an update.
12:58
Up, up, up, up, up, up. Look, Oh, all the silver's gone.
13:02
Remember up top, that was the, that was the silver surplus.
13:07
The most recent, you know, estimate I've heard is about 3
13:10
billion oz above ground. It's all gone right down here.
13:14
Robots, AI, solar panels? Does it make sense?
13:25
What about new battery technology?
13:27
I mean, everywhere we turn, aren't we seeing more and more
13:31
uses for silver? Once again, let's say special
13:34
thanks to our friend John Little at the Silver Academy.
13:39
Oh, let's go back. Hold on.
13:40
Whoa, whoa, whoa, whoa, whoa, whoa.
13:42
We need to talk about you for a second here.
13:44
Basement dweller. Let me pull this up.
13:46
This has to do with batteries. And I want to say thank you to
13:51
our friend journal DeLorean 626, who gave us this comment.
13:56
And I'm going to get rid of the banner.
13:58
Please support all the sponsors, guys.
14:00
OK, Samsung's new silver. Wait till you hear this guy's a
14:05
kilogram of silver is like what, 32.3 oz?
14:09
Somebody can put it in. I always get it wrong.
14:11
A little bit over 30 ounces is a kilogram.
14:14
OK, Samsung's new silver solid-state batteries are poised
14:19
to revolutionize EVs with an impressive 600 mile range, 9
14:25
minute full charge, and 20 year lifespan.
14:29
Current EVs require about 5 grams of silver.
14:33
OK, and current EVs get what, about 300 mile range, take all
14:37
day to charge, and their batteries last maybe 10 years.
14:41
So this new technology can double the range, significantly
14:46
reduce the amount of time needed to charge, and almost double the
14:50
lifespan of the battery. Current EVs only use 5 grams of
14:54
silver. This revolutionary technology
14:59
requires one full kilogram. Thank you Journal Dolores 626
15:04
for talking about that. Bringing that up because I want
15:07
to run out quickly again to the Silver Academy who has an
15:12
article about this a few days back.
15:14
Samsung silver battery uses 1 kilogram of silver per car.
15:19
If 20% of a global car production, approximately
15:23
16,000,000 vehicles adopts this technology, the annual silver
15:29
demand could reach 16,000 metric tons.
15:33
OK, then it talks about the statistics that we just talked
15:36
about and then down here, right this new new battery technology
15:41
from Samsung and Samsung is a massive the silver slush fund is
15:47
running dry. We know, right, what Burn Reuter
15:51
said, the German guru who knows everything about the
15:53
photovitalic and technology uses microchip uses for silver.
16:01
We know what the, the, the Peter Kurath said who wrote the book
16:05
on silver, right? Maybe possibly within the next
16:08
year or two. The the the till runs dry.
16:12
Key features range in lifespan, charging time, energy density,
16:16
safety. OK impact on the silver market
16:22
The introduction of the solid-state batteries by Samsung
16:24
could have a substantial impact on the silver market.
16:28
It is estimated that each battery cell may require up to 5
16:32
grams of silver, leading to a potential demand of 1 kilogram
16:37
per vehicle for a 100 kilowatt capacity battery pack.
16:41
OK. And we goes back through that
16:42
again. Are you getting the feeling that
16:47
we might be running out of silver?
16:50
Because a lot of the smart people in the room are, and I
16:53
believe you're one of the very, very smart people.
16:56
We're going to talk about New Mexico, Idaho.
17:01
We already talked about the Home Depot in big moves, big news
17:05
that's going to impact the silver and gold price.
17:08
Let's go out and check on the price.
17:10
So this morning's, you know, CPI number, you know, it was, it
17:17
was, it was, it's confusing getting conflicting reports.
17:20
Some people are saying the fight on inflation's over.
17:24
Some people were expecting and I was kind of wrong about it.
17:27
I had suspected that we would see a, a lower inflation number,
17:34
but we're getting these real conflicting reports that, oh, it
17:38
was a great report. Oh, it wasn't so great, you
17:41
know, So the price of silver and gold are bouncing around a
17:43
little bit. Let's get an update here.
17:45
These numbers are not up to date.
17:47
So we had gold about 30 minutes ago down a little under $10 and
17:53
boom, now we're down $16.00 silver, down $0.35 per oz.
17:59
Hey, I always say, you know, if you're going to buy some silver
18:02
or gold, if it's a down day, at least you know that you're
18:06
getting a better deal than if you had bought it the day
18:08
before. And when I go shopping for
18:11
silver or gold, I go to Pimbex Pi MB EX channel sponsor.
18:18
Without the support of Pimbex, Ron's basement would not be
18:22
possible. But most importantly, what I
18:26
want to do is convey to you how good I feel about this company.
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I worked with them before they sponsored my channel.
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I was a happy customer. I, I proposed, hey, why don't
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you consider sponsoring my channel?
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These guys are high quality. Everything they do is high
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quality. But most importantly to me, they
18:47
deliver more metal for the money, OK?
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Their prices are always ultra competitive and that's important
18:55
to me, right? And I I want to make sure it's a
18:57
company I can trust and they definitely check that box.
19:00
I want to make sure they have a good selection.
19:02
They definitely check that box, but they also always deliver
19:06
more metal for the money. So if you're ever out shopping,
19:10
right, I'm not going to tell you what to do, but please, please
19:12
compare what pin backs can do for you compared to the other
19:15
big online bullion dealers. And I beg of you, if you ever
19:21
consider converting part of an IRA4O1K into precious metals,
19:28
shop around and make Pembecks part of your shopping and
19:32
compare how much metal Pembecks can convert for you.
19:37
If you're doing an IRA conversion, how much metal you
19:40
can get. Compare the number of Oz that
19:42
they can put into an IRA for you compared to what these sometimes
19:46
companies that advertise on the big TV stations with X pro
19:51
sports stars and all that is there as their endorsers.
19:56
Please, I know what you'll find if you do that and you can save
20:00
yourself literally 10s of thousands of dollars.
20:03
OK, let's go talk about, oh, there's nothing going on in the
20:11
world of silver now, is there? There's not.
20:14
There's no big news. We know, we know how much silver
20:21
goes into each solar cell. This is just a story that popped
20:25
up a few days back. New Mexico just announces a
20:29
nearly $1 billion solar cell factory.
20:36
What's going on in China with with, with solar panels, right?
20:40
Unbelievable. What is going on in India with
20:45
solar? Unbelievable.
20:47
We know how much silver both of those countries are purchasing
20:51
and importing, right? A lot of it's going to the solar
20:54
world, OK, What's going on in the United States, Right on our
20:58
own, little, little bit smaller, but still this shows us even in
21:02
the United States, we're seeing more and more of a move to solar
21:07
guys. Government subsidies all over
21:10
the world, including the United States are subsidizing solar.
21:14
Look at that picture, right? How many panels do you think are
21:18
in that picture? Replace each one of those panels
21:22
with this. See if I can get it on the same
21:25
angle for you here, right? Replace each one of those panels
21:29
with this A1 oz silver bar. Let's go back and look at it
21:34
quickly because because we can't all those panels, each one of
21:41
those panels can be, you can visualize this and it's a little
21:46
bit less than this, maybe 2/3 of this.
21:48
But you, I hopefully that's resonating with you.
21:51
That's a one ounce silver bar. That's what's happening all over
21:56
the world right now when it comes to silver.
21:59
It's being sucked up and at the same time, nobody except you and
22:08
me, right, Right. We're the, you're the lone wolf.
22:10
I'm the lone wolf in in the US and the Western countries.
22:14
Nobody is buying silver as an investment yet, right?
22:19
So take a step back and think about this.
22:23
What's going to happen when just a few of the people join us?
22:29
The law of small numbers, right? The rule of 8X with silver,
22:33
that's something that we talk about all the time.
22:35
Do you remember the rule of 8X for silver?
22:40
That means right now, to simplify things, you and I are
22:44
one in 100 in the United States, one in 100 people, right?
22:48
The lone was we are the rebels, the silver rebels, the basement
22:53
dwellers. It's OK to be a rebel.
22:56
You're not doing anything wrong. Remember, the framers of our
22:59
Constitution wrote it into our Constitution that silver and
23:03
gold are the only forms of real money.
23:06
So I don't want you to feel bad about yourself because you're a
23:09
silver or gold rebel. It'd be easy because all we see
23:16
on TV are stories about silver. The only press coverage I want
23:21
you to consider this. The only press coverage that
23:23
silver and gold get are scams. The ABC 7 Los Angeles story,
23:29
Look it up later. Don't look it up now.
23:31
I want you to stay with us here in the basement.
23:34
The ABC7 story about was it Oxford Gold Group.
23:38
The video has like 600,000 views.
23:40
It was broadcast all over the world on ABC News.
23:45
OK, and what's it about? It's about people getting ripped
23:49
off. The only coverage that we get in
23:51
the gold and silver community, we don't get stories about, oh,
23:55
if you bought gold or you bought silver X number of years ago, it
23:59
helped protect you from your, your, the tyrants at the Federal
24:02
Reserve that have been stealing your money.
24:04
No, all we get was silver and gold are stories about people
24:09
getting ripped off, elderly people getting ripped off.
24:13
OK, but but we know. You know, right?
24:18
We know what the framers of the Constitution knew.
24:21
We knew. We know what?
24:22
The writer of the book, The Wizard of Oz, look it up.
24:26
It's very interesting. It's all about silver.
24:29
We know what they knew. OK?
24:32
We know what they knew. And right now, we're just one.
24:35
In 103 years from now, if that number goes to four in 103
24:41
months, how soon do you think it can happen?
24:45
We don't know, but if it happens six months, a year from now,
24:50
three years from now, where we go from being just one person in
24:55
out of 100 to four out of 100, the demand for gold and silver
25:02
could, could not go up just by four times.
25:04
You would think, oh, that's four times as many people, which it
25:06
is. It'd be more like 8 times or
25:09
more. That's the rule of 8X because
25:11
those 3 new people that are buying, they're buying.
25:16
You've already got your silver. The one in 100 are we already
25:19
have it. The new people that come in,
25:22
they're going to be actively buying.
25:27
Does that make sense? They're new people right there
25:31
in the market. They're trying to get silver.
25:33
That's when you won't be able to find silver.
25:35
That's the warning, right? That's when I'm we can we can
25:39
say I told you so right now. We could be wrong, right?
25:43
Nobody knows. Lee, I want you to leave a
25:45
comment. Leave a comment.
25:46
Tell me, do you think? Do you I want to ask you a
25:49
question. Do you think?
25:51
Let's take a poll right now. Live in the basement.
25:54
A poll do you think in the next three years that we could face a
25:59
situation where you can't where the average retail investor, the
26:04
guy that or gal because we have more and more women joining,
26:08
right? The silver community where if
26:11
you went to your local coin shop, if you logged on to your
26:14
online bullion dealer, right? Or if you went to Costco, if
26:18
that's where you want to buy your, you know, toilet paper and
26:21
silver, whatever you show up to buy silver.
26:25
Do you believe in the next three years that there's going to be a
26:28
period where it's unavailable? I do.
26:31
If you think that that will be the case, I'm typing yes.
26:35
Type it in the comments. I want to hear from you.
26:37
I want to get a feel of how you feel about this because it
26:41
matters. It's important.
26:43
Other big news, Why do you know how big Fort Knox is?
26:50
I don't, but supposedly there's 8000 metric tons of gold in Fort
26:58
Knox. Now remember, we're just
27:00
supposed to believe, right? Like we're supposed to believe
27:03
in Santa Claus when we're little kids.
27:06
OK, I believe that. I believe in Santa Claus.
27:09
I believe Fort Knox has 8000 metric tons of gold.
27:13
Or does it? We don't know.
27:16
But what about if right now? What would this mean?
27:21
What does it tell you that right now there's a new vault that's
27:26
been built that's bigger than Fort Knox?
27:30
It can tell us a few things, right?
27:33
It could tell us a good general reading on what's going on in
27:38
the silver and gold world. Why would somebody invest
27:42
millions? Let's go check it out because
27:44
it's very interesting. And as we look at this, I want
27:48
you to think about why would they do this?
27:50
Why would we have a new vault? Yep, there's those.
27:53
There's those silver bars. That field full of silver bars.
27:58
Here we go. This is from the Idaho
28:00
Statesman, one of my favorite newspapers to read.
28:03
OK, let's go up here. Idaho now has a gold Idaho.
28:14
Nothing against Idaho. Is anybody here joining us from
28:17
Idaho? I don't know anybody from Idaho.
28:20
I mean, it's just it's not a very populated state, OK, which
28:24
doesn't mean anything. I'm not putting it down.
28:26
I don't know that I've ever been there.
28:28
Have you ever been to Idaho? If you have right, tell us in
28:30
the comments and if it's a nice place to visit none the less,
28:33
why would Idaho now have a gold and silver depository?
28:38
Its owner says it can hold more than Fort Knox?
28:42
Really interesting. OK, a golden a gold and silver
28:48
depository that its owner says can can store more than Fort
28:51
Knox Just opened in downtown Eagle.
28:55
I guess Eagle ID Money Metals based in Eagle built a
29:00
28,037,037 thousand square foot. Wait till you hear about this
29:06
thing. Extremely secure location for
29:09
individuals, businesses, family offices, governments.
29:15
Maybe we should we throw in the Federal Reserve now.
29:18
They don't like old governments and financial institutions
29:21
across the globe to store high value precious metals assets.
29:27
It doesn't have machine gun turrets on its corners as Fort
29:31
Knox does. I guess Fort Knox has machine
29:33
gun turrets. That's interesting.
29:35
Fort Knox, built in 1936 about 30 miles southwest of
29:40
Louisville's, considered the most secure bullion depository
29:43
in the world according to the US Mint, which runs it.
29:47
But this is interesting. How hard?
29:49
How hard would it be for us to break in?
29:51
We were never do anything like that.
29:52
But how hard would it be to break into this?
29:55
The Eagle Depository does have North America's largest class 3
29:59
Volt, the company said that is the highest vault rating that
30:02
Underwriters Laboratories gives. It would take two hours for
30:06
someone using quote common mechanical tools.
30:10
I used to have a screwdriver down here somewhere.
30:12
Anyway, electric tools, cutting torches, OK.
30:17
Or any combination of these to break in, according to the
30:20
International Vault Inc, a manufacturer.
30:24
This is wild. The depository has advanced
30:27
security measures around the clock, monitoring secure access
30:31
controls and a security team made-up of former made-up of
30:36
armed former law enforcement and military personnel.
30:40
I want I got a feeling there's a couple of Bang, Bang guns around
30:44
that place, the company said in a news release.
30:47
The western United States now has its very own Fort Knox, only
30:51
substantially larger. It is one of only about 10
30:55
private depositories in the US That's according to Stefan
30:59
Gleeson, the CEO of Money Metals.
31:01
OK, interesting. Why did they build a depository
31:08
for gold and silver bigger than Fort Knox?
31:14
What is that telling you about where the demand for silver and
31:21
gold are going to be in the future?
31:24
OK, I want you to think about that now.
31:26
I also want you to think about this is fascinating about silver
31:31
in particular and where the silver price is heading.
31:34
OK, silver we got, we have, we have to set the stage here.
31:39
We know silver moves fast. When it moves fast, fast, it can
31:44
move up. When silver gets above $34, it's
31:50
going to go to 4450 very quickly.
31:54
I know that. I believe that.
31:56
That's my truth. You need to have your own truth.
31:59
Don't make any financial decisions based on what I'm
32:02
saying. But I know that that when we get
32:05
this move and silver about 34, we're going to 50.
32:08
But remember, it happens every 10, what, 10-15 years we're due.
32:13
We are due. It's been about 13 years since
32:15
we had the silver price skyrocket to $50 per oz back in
32:20
2011. OK, couple big factors that we
32:24
need to remember. And then there's two bone.
32:26
This is something guys that nobody talks about and we've not
32:30
talked about right now. We know the gold to silver ratio
32:34
and this is not, we've got four factors.
32:36
The last two are crazy about silver.
32:41
The gold to silver ratio, what is it, 888589 is so far out of
32:47
whack. Silver has so much catching up
32:50
to do right now with the gold price.
32:54
And what do you think's going to happen when that happens?
32:57
You know what's going to happen. I know what's going to happen,
32:59
right? I want, I want to show you this.
33:03
I this, this, this, this shows it all.
33:06
This gold colored truck is the gold price.
33:10
This silver truck is the silver price.
33:15
This is the gold to silver ratio, this red elastic band.
33:19
OK, throughout history, well, let's say it was around 2015.
33:25
Ancient history. In more modern times, it got
33:28
stretched out. I need to pull this back, right.
33:31
On average, it's been around 50. OK, remember, this is the gold
33:35
price. This is the silver price now it
33:40
is so stretched. I don't want to break my silver
33:43
truck. It is so stretched it's like at
33:46
90 all right, it's massive, but in this red, remember the red
33:51
the red line you see that is the gold to silver ratio at 90.
33:56
There's I can hardly. This is actually hard to hold
33:59
this apart. OK, it's hard.
34:01
There's so much energy in that. Now what's going to happen?
34:05
See if this thing works. There it goes.
34:10
All that energy. All right, when silver gets its
34:14
wheels, silver, that's what they call a slingshot move in this
34:19
elastic band, the gold to silver ratio when it compresses, all
34:24
right, it will be a slingshot move.
34:28
No one is proposing. Who do you know that's proposing
34:33
that the gold price could go down.
34:34
That could be dangerous, but nobody's really saying that the
34:37
gold price will go down. By the way, guys, we have almost
34:41
600 people on here. Thank you.
34:43
I am going to ring the gong five times and it's Susie's.
34:48
Hold on, Susie. Susie's saying something to me.
34:50
Silver Susie, everybody say hi to Silver Susie.
34:53
Hold on one second. Excuse me darling, two more
34:59
likes and we're going to have 200 thumbs up and I will ring
35:02
the bell when that silver gold to silver ratio comes back in
35:06
the normal IT guys remember, OK, historical recent history 50
35:13
current situation, right that I can barely hold this apart.
35:19
It'll be crazy. Let's ring the bell.
35:22
We got 200 thumbs up that's nothing stick with me here OK,
35:30
We know the deficit so .1 gold to silver ratio .2 the massive
35:35
deficit right? The hourglass running dry.
35:39
OK there it is one last time that yellow part that's the
35:44
above ground silver surplus. It's ticking Time is ticking.
35:48
Thank you shadow work for the Super chat my friend.
35:51
Super appreciated. Wow, thank you.
35:55
Now this is where it gets interesting.
35:58
The last time, the last one of the last times right as I
36:01
understand it that we had a deficit like this was the 1950s,
36:05
OK, but two big key things are different right now.
36:11
Two massive factors are different that are going to that
36:15
are that are going to give us much higher silver prices, OK.
36:22
Because in the 1950s when we had a deficit in silver, I want you
36:27
to think about two key things. Number one, OK, they were able
36:31
to increase mine output. We know right now we can't
36:37
increase mine output at the current price.
36:40
Price fixes everything. I got news for you.
36:42
What do you, you know, we know what's going to happen if the
36:46
silver price goes to $70.00 per oz, Guess what?
36:50
They will turn up the the silver production, right?
36:54
There will be people looking for silver everywhere.
36:57
They might be digging in your backyard.
36:59
Digging in my backyard. But what's way different now to
37:02
1950 is they were able to easily turn on the silver production
37:09
because there was a deficit. Now, because there's been such a
37:13
prolonged artificial low silver price, no one's been exploring
37:19
for silver. Nobody's been building silver
37:22
mines. So when the price goes to 70 and
37:25
they're like, Oh my gosh, we need more silver.
37:28
We need more silver. How long do you think it's going
37:31
to take right, for that new silver to come online?
37:35
I hope you're answering like minimum five years, minimum 10
37:40
years because that's how long it takes.
37:42
Things are different now. All the easy silver has been
37:45
gone. There's been a vast under
37:48
investment in the silver industry.
37:50
Remember Home Depot that we talked about earlier?
37:53
Home Depot, the hardware store company has is has a higher
37:58
value, a higher, it's called a market cap, a higher market cap
38:02
than the entire silver industry combined.
38:05
OK. So they aren't going to be able
38:07
to just turn on the silver. It's going to take 10 or 15
38:10
years. We could be in for a long.
38:12
That's one thing that's way different.
38:15
OK. And I heard this guy Chen Lin
38:17
mentioned this next thing that I had never thought of before.
38:23
OK, Cuz we talk about, remember, we talk about the above ground
38:27
surplus of silver. In 1950, there was a big above
38:33
ground surplus of silver. You know where it was.
38:36
It was all in this, right? It was in the money, right?
38:40
It was low hanging fruit. So what was it, 1964 when they
38:46
took silver out of the money, right?
38:49
That created a whole new wave of supply.
38:52
Guys, we are, I mean, we are on the Crest of just what could be
38:57
an incredible run for silver. OK, gold too.
39:01
I love gold, right? And gold's had an incredible
39:04
run. But this silver situation is
39:08
becoming just so fascinating. I mean, we're going to have a
39:13
wild, fun ride together, basement dwellers, and I can't
39:16
wait to do it with you. Hey, I want you.
39:18
We got more to talk about, but please subscribe to the channel
39:22
if you haven't already. We want you to be a part of this
39:25
community. And when you're subscribed, and
39:27
a lot of you already are. So you know what?
39:29
I owe you a big thank you, right?
39:31
And for coming here and spending this time on behalf of Susie and
39:34
myself, we're honored that you're here.
39:37
Remember when you're subscribed and you turn on the bell
39:40
notifications, you'll get notified.
39:42
But also you can leave comments in the comment section.
39:45
Your comments are so critical. Let's go look at another one.
39:49
OK, good. Because you guys are say some
39:52
things and that's what we do. We're here to help each other.
39:55
I've got another another one of our great viewers sent in this
39:59
comment, Coleman, Mr. Coleman. Coleman.
40:04
Has anyone seen Coleman? Coleman 846845 He says geez,
40:09
nothing matters until the banksters stop the shorting,
40:13
buying, leasing game between each other.
40:17
And the big question is why would they?
40:20
This is their government endorsed gravy train to easy
40:24
profits. CPI doesn't matter.
40:27
Interest rate cuts don't matter dot dot dot dot dot.
40:30
You know, I understand your frustration, Coleman.
40:33
We do all of us facement to others.
40:35
We understand your frustration, OK, but we have to realize
40:40
things are different right now. Coleman, what do you feel?
40:46
How do you how would you reply to Coleman?
40:48
Leave it in the comments. OK.
40:50
But but Coleman, we have to realize things are different
40:56
right now. Yes, sure.
40:58
Since 1971. And we we know that memo that
41:02
was sent from the LBMA guys when they were setting up the
41:05
futures, the paper market, the LBMA, the London Bullion Market
41:10
Association, right? And that they were going to
41:12
purposely induce volatility and manipulation into the silver and
41:18
gold futures markets. That's not, that's not a
41:23
conspiracy theory nut case. That's documented proof that
41:27
that actually happened. OK, So, yeah, we know the last
41:30
50 years, but things are way different like we talked about
41:34
earlier, right? The world, the bricks, the
41:37
bricks with their, with whatever, with what's becoming,
41:40
you know, they control what's becoming a lion's share of the
41:43
world's resources. A lion's share of the world's
41:48
population, a lion's share of the world's economy of what's
41:54
even more important for us to realize is they also control a
41:59
lion's share of the growth, economic growth, the number of
42:05
people. It's crazy when we realize
42:09
there's 1.4 billion people in China, there's still 1.4 billion
42:13
people in India. Both of those are the fastest
42:17
growing economies in the world. India in particular will have
42:21
hundreds of millions of citizens moving into the consumer class
42:27
in the coming decade. What do we know about India?
42:34
What do we know about India? Basement dwellers?
42:39
Coleman We know one very important fact about India.
42:46
People in India are getting richer.
42:48
Hundreds of millions. People coming into the middle
42:50
class. What's the one important fact
42:53
Those people love? Precious metals even more than
42:57
the Chinese, I would say. I can't say that for sure, but
43:01
when you look at the data, we know that to be the case is they
43:04
gain power and control. They are wrestling away, right?
43:09
Andrew McGuire from Live from the Vault talks about it all the
43:14
time. This market is changing, right?
43:18
This market is absolutely changing.
43:20
We know from following the Shanghai Ghost on X.
43:25
What do we know? We know that on the physical
43:28
market, the Shanghai Gold Exchange, the price of silver is
43:32
at minimum what for like the last six months, $3 per oz
43:37
higher. So as we as we get frustrated
43:43
right with the Banksters Games and the Banksters this we are in
43:47
a different we are in an absolute different environment
43:50
right now. Guys, thank you for being here
43:52
today. I want to say thank you to
43:53
channel sponsor First Mining Gold, Canadian gold developer.
43:57
They have two multi million ounce projects in Canada.
44:00
They are development stage. They they are exploring for more
44:05
gold. OK, let's talk about gold mining
44:07
stocks here once we get through this very interesting situation
44:12
in the junior gold mining and silver mining sector.
44:14
But first mining golds. They are exploring, but they
44:17
already have found these millions of Oz of gold in the
44:20
ground. They are in the like permitting
44:22
process, the development stage. You can learn more about them at
44:25
firstmininggold.com. Fortuna Mining, they're actually
44:29
mining gold and silver. They just reported a great
44:32
second quarter, first half of 2024.
44:36
You can learn more about them at Fortuna mining.com.
44:40
Do you own precious metal mining stocks?
44:43
Now I'm really going to pay attention because I want you to
44:48
put that in the comments. Yes, I do.
44:52
I own physical silver and I own a substantial amount of gold
44:58
mining stocks and silver mining stocks.
45:01
OK, Some of the companies I own, right?
45:04
Fortuna First Mining Channel sponsors, But I own a company
45:08
called Dolly Varden Silver Mountain.
45:11
Dolly Varden has a big project up in Canada.
45:14
Silver Mountain has a big project in Peru.
45:18
Who else? Black Rock Silver.
45:21
They own that Tonopah, half of that Tonopah deposit out in
45:25
Nevada. So they're also, I believe First
45:29
Majestic Silver's a big investor in that company.
45:33
But this interesting thing I'm about, about the Tonopah project
45:37
in BlackRock is it's on private land.
45:39
So it makes the permitting much more easier.
45:42
They have 100 million oz like silver deposit that they've
45:46
determined. OK, it's crazy.
45:49
Suma Silver owns the other half of that.
45:51
I own that stock as well. Very interesting situation.
45:54
I own Silver Elephant. They've got big deposit that's
45:57
down in Bolivia. They got an off take agreement
45:59
going on right now. But I was looking over My
46:03
Portfolio and guys, it is still the case if you own Junior Gold.
46:10
I own Brixton Metals is another one there, copper gold
46:13
exploration company. They have BHP, the world's
46:17
biggest miner that owns 19% of the company, right.
46:21
They have Robert Friedland's Ivanhoe Electric that they
46:24
partnered at their one of their projects in Montana with and
46:27
they have another project a way up in Northern Canada.
46:31
Is it El Dorado Gold? They just did a partnership
46:34
anyway, just but across the board, if you own precious metal
46:40
mining stocks, they're done out. There's something very important
46:43
even if you, even if you don't own the stocks, but you own the
46:47
physical metal, something very important to remember, These
46:50
stocks had been obliterated. OK, You look at almost any one
46:54
of them. I have a big list in my Yahoo
46:56
Finance and it shows where the prices have been over the last
47:00
52 weeks. I own Equinox is another one.
47:03
They're a producing company. They're doing pretty well.
47:06
Fortuna's doing pretty well. But these junior companies are
47:09
all, there's like a little scale that shows where they are over
47:13
the last 52 weeks, the last year and most of them are near their
47:17
52 week lows. The value proposition OK for
47:22
these stocks is incredible, but there's something really
47:26
exciting about the physical metals that relates to this as
47:29
well that we're going to talk about, OK.
47:31
But these companies I mean, they are selling for they're they're
47:35
they're a lot of them are down sixty 7080% from their highs
47:40
over the last two or three years.
47:42
I mean, they are just getting obliterated.
47:45
So the value I'm not make giving any financial don't don't don't
47:49
make any financial decisions do anything based on what I'm
47:53
saying. But I will tell you that from a
47:55
value proposition opportunity, they are very, very, very
48:01
attractive. Why are they down so low?
48:04
Well, it's easy because most of the we're like, you know, gold's
48:08
at 2450, gold's at we'll go check here in a second to see
48:11
where it is. But you know, gold's near all
48:14
time highs. Wouldn't you think that the
48:17
companies that are that are exploring for and developing
48:22
gold mining projects, silver is at what, 2728 per oz?
48:26
Wouldn't you think that the silver companies that are that
48:30
are exploring for silver building, developing, permitting
48:34
silver operations, there's very few of them, Wouldn't you think,
48:37
I mean, there's very few of those silver especially that
48:40
they'd be doing well. You would, we would, but there
48:44
but the but the reality is in stark contrast to that.
48:48
The reality is the stocks are in the toilet.
48:51
There's no other way to describe it.
48:52
I mean, and the CE OS of the companies are pulling their hair
48:55
out. They don't understand, right,
48:58
why, why and what does it mean for the stocks and for the price
49:03
of silver and gold? The why is very simple.
49:06
The reason why the gold price is so high and the silver price is
49:10
done very well is because of what we talked about earlier,
49:15
China and India buying physical metal.
49:19
Chinese citizens and Indian citizens, as far as I know,
49:24
aren't really allowed to buy US mining stocks, Canadian mining
49:29
stocks. So they buy the physical metal
49:32
and the price has gone haywire, right?
49:35
We know in the West, right, that for now, we are the one in 100,
49:40
right? We are there.
49:41
There's not much interest, not a huge amount of interest.
49:44
Although what happened a little over a week ago when we had that
49:47
micro crisis in the market, in the economy indicated to us that
49:51
if, when things do get crazy, that there's going to be a
49:54
massive wave of people. But that's besides the point.
49:57
The reality right now is in the West, there's not a lot of
50:01
interest in silver and gold. Yes, I know guys, we have to
50:05
realize this. We're we're we're if we're
50:08
right, we are way ahead of the curve number one, OK.
50:12
And I believe we are I believe that we are right that we are
50:15
way ahead of the curve. But sometimes being early feels
50:20
a lot like being wrong right now with the silver and gold price
50:24
that's done pretty well with the mining stocks.
50:26
It's not when the wave of people, when there's there's
50:32
interest, when Wall Street can't ignore the unbelievable value in
50:38
the silver and gold mining sector for much longer.
50:42
I mean, at 2450 gold, if gold stays above 2400, which I
50:46
believe it can, but it, you know, it could go down, but
50:49
let's say it does, the profits being generated by the gold
50:53
mining companies are going to be so significant that Wall Street
50:57
will start to pay attention when they start to pay attention to
50:59
the gold mining stocks and maybe even the silver mining stocks,
51:04
right? That will also draw more
51:06
attention into the physical metals in the West and it could
51:10
become like a self feeding system, a self feeding prophecy.
51:14
So we're going to keep a close eye on it for now.
51:17
Yeah. I mean, you know, there's been a
51:19
lot of pain in the junior gold and silver sectors.
51:24
The both on the development side, even on the production
51:27
side, the big producers have done better, but not great.
51:32
You go down to the developers, you know, it's it's it's it's
51:36
atrocious. And if you go down to the
51:37
explorers, it's even more egregious.
51:40
What is going on? So anyway, thank you for being
51:44
here. It's a big deal when you come
51:46
here, Please remember, support our sponsors.
51:49
It helps make this possible. It's a big deal to me and Susie
51:53
that you're here. So thank you, thank you, thank
51:55
you. And please don't forget channel
51:58
sponsor Pi MB EX. I'm not telling you to go buy
52:03
gold and silver. I'm not telling you you have to
52:06
buy it from Pimbex. All I'm asking is that you do
52:10
yourself a little favor and if you are shopping, give him a
52:13
shot. OK?
52:14
Thanks guys. Thanks for being here.
52:16
I'll see you soon.