Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨Silver and Gold NEWS🚨 Turkey's Price Giving You a WARNING!
Transcript
- 0:00How does $161 silver sound to you?
- 0:04We're going to tell you how that could easily happen.
- 0:08It may take five years, but hey, if we could be guaranteed that
- 0:12we would get $161 silver in five years, I think we would all sign
- 0:17up. And that could be nothing
- 0:20compared to where the price could go.
- 0:22Gold has done something absolutely crazy over the last
- 0:2710 to 12 weeks. We're going to take a step back
- 0:31basement dwellers, and take a look at that as well.
- 0:33Hey, before I forget, we've got this to open as well.
- 0:36Yes, from a basement dweller. There's something in here that
- 0:41will be added to the Valentine's.
- 0:43Day Giveaway, The 23 now probably 25 oz Silver giveaway
- 0:49that we're doing on Valentine's Day.
- 0:51We're going to, we're going to talk some some humor.
- 0:54OK. I've got a couple funny stories
- 0:56and of course they have to do with GDP and something that one
- 0:59of you, yes, one of you basement dweller said that I thought was
- 1:03very funny, very interesting. We're going to go through that.
- 1:06What about CBD CS? We haven't talked about that for
- 1:09about 9 1/2 days. We're going to talk about, have
- 1:12you heard of Brit Coin? That's the British CBDC,
- 1:16remember the CBD CS, right? They're going to take all of our
- 1:20silver and gold. They're going to make us use
- 1:22electronic currencies. They're going to monitor
- 1:23everything. We're going to talk about that.
- 1:26We got, we got, We got, Oh, yeah, we got.
- 1:29So. Much.
- 1:30Let's just get started and let's get into it right now.
- 1:35When it comes to the price of silver getting to $161, How?
- 1:41OK, let's talk about the country of Turkey.
- 1:44OK. Because on Thursday, Turkey's
- 1:46central bank hiked the interest rate.
- 1:49OK. In the United States we have 5%
- 1:51interest rate. In Turkey, they hiked the
- 1:54interest rates to 45%. Yes, you heard that correct.
- 1:59What does that have to do with the price of silver it has?
- 2:02Everything to do with the price of silver because I want to show
- 2:06you this chart. Thank you for that.
- 2:07Super Chad Zachary. Wow.
- 2:12Zachary, ask a question. OK, he says.
- 2:15Do your twins play soccer like you Ron?
- 2:17By the way, Valentine's is my favorite.
- 2:19Hopefully you'll win the giveaway.
- 2:20I hope you do too. Everybody has an equal chance.
- 2:23It's a random drawing and I have a computer program.
- 2:27You can audit it. The whole 9 yards Anyway.
- 2:30No, my daughters, they do play soccer for fun, but they play
- 2:34basketball and I've never pushed them into one sport or another.
- 2:38But I will say they play on an indoor soccer team and it's
- 2:40weird because they both have one really great natural abilities
- 2:45at soccer. They just haven't focused on it.
- 2:48Let's talk about $161 silver, OK?
- 2:52That's a chart of silver in Turkey over the last five years.
- 2:57As you can see, it's below 100 Turkish Lira in 2019.
- 3:03As you can further see, over the last five years, the price of
- 3:06silver in Turkey has risen above 700 lira and I think it's
- 3:11sitting right around 700 lira right now, a sevenfold increase
- 3:17in five. Years in the price of silver.
- 3:20In Turkey in Turkish lira. Can that happen in the United
- 3:26States and United States dollars?
- 3:28Is the United States subject to the same laws of mathematics as
- 3:32Turkey? Let me read this to.
- 3:34You OK the hike in the benchmark rate?
- 3:38OK, the reason? No.
- 3:39Let's back up. The reason why Silver went up
- 3:42seven times in value is because inflation went out of control
- 3:45and this will make your eyes roll.
- 3:47This can happen here in the United States as well.
- 3:51It says the hike in the benchmark Bah Bah Bah Reaper
- 3:54isn't what they expected. It comes amid an ongoing battle.
- 3:58Let me move this over here. I feel like I need to talk to
- 4:01you more directly. It comes amid an ongoing battle
- 4:05against double digit inflation. For Turkey's monetary policy
- 4:08makers, inflation in Turkey sit down increased to 65% year on
- 4:16year in December, up from 62% in November.
- 4:21And the country's currency, the lira hit an all all time record
- 4:24low against the US dollar, breaking through 30 lira per
- 4:28dollar here. This is this.
- 4:31This is. Guys, this can happen in the
- 4:35United States. We are not immune from the laws
- 4:38of mathematics. Mathematics show no forgiveness
- 4:42on the altar of truth, right? You, Not even God.
- 4:47I heard somebody else say this. I'm not questioning God.
- 4:49This is not a religious show. But does this make sense to you?
- 4:53Not even God can change the fact that 2 + 2 = 4, right?
- 4:58We are subject to the same laws of mathematics, and in Turkey
- 5:03the last several years of high inflation are in a large part
- 5:06the result of stubbornly loose monetary policy by the Ankara
- 5:11government. Does that sound familiar?
- 5:14Did we go through a long period of stubbornly loose monetary
- 5:18yes, we did, 0%. For decades it seemed like we
- 5:23are in the same boat as the Turks.
- 5:26The lira is down 38% against the dollar year to date and has lost
- 5:30more than 80% of its value against the dollar over the last
- 5:34five years. OK, so as a result of bad
- 5:40monetary policy decision, as a result of financial
- 5:46mismanagement, right by government irresponsible
- 5:50management, we have seen a sevenfold increase in the price
- 5:54of silver in Turkey. If you multiply the current
- 5:59silver price, whatever it was last night when I did the math,
- 6:02$22.84 whatever times 7, you come to $261.00.
- 6:09And I think the argument could be made that in the US we've
- 6:13mismanaged our finances even worse than Turkey.
- 6:16And on top of that, we're facing this prospect of the BRICS
- 6:21countries, right? Aligning against US, Brazil,
- 6:24Russia, India, China, South Africa.
- 6:27Right. Iran, Huh.
- 6:30Saudi Arabia, Egypt, Ethiopia and the United Arab Emirates and
- 6:3630 more countries than aligning against US de dollarization, on
- 6:41top of the fact that happened to Turkey under what a lot of
- 6:45people would say was a stable world geopolitical financial
- 6:50scenario. Now we're going into this in a
- 6:53scenario that is very unstable. Heck, I think silver could go up
- 6:5714. Times in value.
- 6:59I know I'm a silver pumper, right?
- 7:01I've no interest. I'm not selling you silver.
- 7:04Yes, the channel is sponsored by Pembecks, but if you buy silver
- 7:08from Pembecks, I don't get paid a Commission on it, OK.
- 7:12I believe in silver. If you do want to get yourself
- 7:16some silver or gold or platinum, let's all say thank you to our
- 7:20channel sponsor, Pimbex Pi, MB EX.
- 7:24They make this live stream possible, they make the videos
- 7:27possible, and they make it possible for you to discover
- 7:31what I discovered before they became a channel sponsor.
- 7:34And that is if you want the best price, the best service and the
- 7:39best selection. They really do check all the
- 7:42boxes. I guess Came up with that.
- 7:45They checked all the boxes. See, it's on a Pimbex box.
- 7:48Check out Pimbex. Seriously.
- 7:50Pi MB E xpimbex.com online bullion dealer.
- 7:53And if you ever want to convert Aira into metal, please do
- 7:58yourself a favor and listen to what they can offer in that
- 8:01regard as well. Because you want to make sure
- 8:03that you get the most metal for your money.
- 8:07All right. It can happen, right?
- 8:10Well, we all think in the United States.
- 8:11Oh, we're different. We're the world power, blah,
- 8:14blah. Things are changing like never
- 8:16before in the world right now. Could we see a currency crisis
- 8:21in the United States? Look, all some of the the
- 8:24doomsayers, right? Maybe you consider me a
- 8:26doomsayer tinfoil hat, Whatever, right.
- 8:29No, look, I get paid to assess risk.
- 8:32I'm not a doomsayer, OK? When I look at the risk, when I
- 8:35look at the math behind 34 trillion in debt, When I look at
- 8:38the math between behind the fact that was supposed a great GDP
- 8:44numbers that came out for the fourth quarter, right, but it
- 8:48took $2.55 in debt creation to create.
- 8:53Each $1.00 of GDP growth, I see a spiral.
- 8:57I don't see a happy ending. OK, you know that that that
- 9:01saying like do you want a happy ending?
- 9:03I don't see a happy ending to this.
- 9:04Now, I could be wrong, but I know how to work a calculator.
- 9:09I think you do too, right? I know how to multiply and
- 9:12divide and subtract and add. And when the government is
- 9:15spending right now on pace to spend $2 trillion more per year
- 9:20than they're bringing in and they're barely able to, they're
- 9:23like they're squeezed the, you know, like when you're.
- 9:26You know, like when you're you ever, ever juice an orange or a
- 9:29lemon or anything like that and you're squeezing, it gets to the
- 9:31point you're at the end and it's like you keep squeezing a little
- 9:35bit. That's what's going on right
- 9:36now. We got 100 thumbs up.
- 9:38Thank you Coin Shop Chris for alerting me.
- 9:40This is the the funnest part of the show when we ring the bell
- 9:43for. You.
- 9:44Yes, you OK. They squeezed the lemon.
- 9:54Period. OK, The Big Easy Money party has
- 9:58come to an end. That's what happened in Turkey.
- 10:01They had a big Easy Money party. This guy in Cara, you know, Hey,
- 10:05everything's fine. Everything's wonderful, right?
- 10:08Easy Money. There's a hangover in the party.
- 10:12The whites maybe just got turned on.
- 10:16In the next few months, the lights really could come on and
- 10:19it could get very It could get scary guys, right?
- 10:22We don't want look. We don't want to walk around in
- 10:25a state of fear. We don't want to, we don't want
- 10:28to be doomsayers, right. We don't want to live in our
- 10:30basements wrapped in aluminum foil or anything like that.
- 10:33But we want to be aware as to what's going on out there.
- 10:37And when we look at what's going on out there, it is scary.
- 10:40We could see a situation unfold here very similar to Turkey.
- 10:46We, you know, we could see gold and silver prices that that make
- 10:51our heads spin. OK, maybe.
- 10:52Not. Maybe a year from now it
- 10:55absolutely. I could be sitting down here
- 10:57saying Can you believe they've kept the.
- 10:59I can guarantee one thing. If I'm sitting down here a year
- 11:02from now and we're at $22.00 silver and we're at $2000 gold,
- 11:07right? And we're talking about
- 11:08whatever, I'm all they did was find new creative ways to
- 11:13perpetuate a situation which is untenable.
- 11:18Untenable, meaning not sustainable.
- 11:20OK, so they could do it, but at some point, and you know, hey,
- 11:24there were people 8-9 years ago saying the same thing.
- 11:28And to be honest with you, I probably did to a certain degree
- 11:31as well, but not really, right? I didn't have the the fire to
- 11:36come on to YouTube and share my thoughts.
- 11:38I wasn't as concerned as I am now.
- 11:40Now I mean imagine if, let's, let's let's imagine if we you
- 11:44came over right now to the basement.
- 11:46We went on a little time machine and we went back ten years ago
- 11:50to what 2013, 2024 it is 2000, I'm sorry 2014.
- 11:57I got to remember what year it is now and subtract 10 that
- 12:01would be 2014. Anyhow, we go back to 2014 and I
- 12:05tell you everything that would have transpired.
- 12:09War in Europe. War in in in the Middle East.
- 12:14OK. The our our relationship with
- 12:17China, the prospect of war with Taiwan, between China and Taiwan
- 12:21and the West, North Korea, South Korea.
- 12:24What else? Right.
- 12:26Just everything did a national debt.
- 12:29What was the national debt 10 years ago, right?
- 12:32I don't know what 8 trillion, 10 trillion.
- 12:35So don't we just added another, you know, 24 trillion to the
- 12:38debt? I mean, we would not believe
- 12:40where we are right now. So are are we crazy?
- 12:44Are we doomsayers or are we risk assessors?
- 12:47I think we're risk assessors. If you think we're risk
- 12:50assessors, I'm going to ask you to participate in this live
- 12:54stream. This is your chance right now If
- 12:57you think we're risk assessors type capital R.
- 13:01I don't think you're a doomsayer.
- 13:03I don't think you're a negative. I'm not a negative.
- 13:05I don't want to be negative. It's hard not to be.
- 13:07Do you ever feel that way? It's hard not to be negative.
- 13:09When you look out there, the the, the political corruption
- 13:12that we have in the world right now, the the the way that the
- 13:16wealthy have manipulated the system so that the distribution
- 13:19of wealth is like. Insane.
- 13:21I don't know. Like these these statistics like
- 13:25the. The three richest people in
- 13:27America have as much wealth as the bottom 50%.
- 13:31Don't quote me on that, but there's some crazy statistics
- 13:34like that. OK?
- 13:35I mean, it's like worse than any other time in history.
- 13:38Thank you, Shadow work. That is awesome.
- 13:41Let's have a laugh. You guys want to have a laugh?
- 13:43All right, I'm gonna just. I'm.
- 13:45I'm RRR. Thank you for the RRRRS guys.
- 13:51Let's have a laugh. OK.
- 13:53This came from one of you, right?
- 13:54We know this fourth quarter GDP number was so great, we'd
- 13:57already talked about how it took $2.55 in debt to create each
- 14:02$1.00. That's not a good return on
- 14:05investment. Thank you, Tim.
- 14:07Wow. All right.
- 14:09I'll ring the bell for 20 bucks, buddy.
- 14:13You got it. Thank you.
- 14:15Very generous, super chats go a long way to help support the
- 14:17channel and are super appreciate it.
- 14:19Thank you, Tim. OK, another regular person in
- 14:23the basement, right? And I used to call him Metal
- 14:26Seer. I apologize.
- 14:28His username is actually Metals 33 R Why?
- 14:32I thought those two threes were backwards.
- 14:35EI don't know. But Metal 33 R, he, he made a
- 14:38comment on one of the videos and he, he talked about, oh, because
- 14:43the gross domestic product went up because recreational vehicle
- 14:46sales surged. OK, that's the truth.
- 14:50And then Zero Hedge said that's the truth, guys.
- 14:54A big portion of the reason why the fourth quarter GDP was up
- 14:58was because recreational vehicle sales supposedly went up.
- 15:02Some people say that's because these RV dealers are like are
- 15:06just liquidating everything before the end of the year.
- 15:09That there's been a crash in the value of RV's or recreational
- 15:12vehicles. I don't know.
- 15:13None the less, if you want to buy an RV, I do think it now's a
- 15:16good time. None The less than 0 hedge said
- 15:19something hilarious or like now that Americans.
- 15:22Yes that's us, right. Can't afford to live in houses
- 15:25anymore. They're buying recreational
- 15:27vehicles and living in their RV's, which I'm nothing against.
- 15:31Right. I'm kind of that's kind of
- 15:34anyway. But it's funny.
- 15:35Not funny. Sad and funny that.
- 15:37Yeah, there's you know if you're a 24 year old you can't afford a
- 15:41house. You can probably barely afford a
- 15:44an RV right. So a metal sear said had this
- 15:46great question. He said which is higher which
- 15:49this is a question for you. You can answer in the comments
- 15:52OK this is a question for you. I'm going to keep calling him
- 15:55metal metal sear, metals 33, R said.
- 15:58Which is higher on the socio economic ladder scale, living in
- 16:03your mom's basement or living in an RV?
- 16:07So what's higher? What's better off you live in
- 16:09your mom's basement or you live in an RV?
- 16:11And I commented back, I said, I said this isn't my mom's
- 16:14basement, this is Susie's basement.
- 16:17And he said no, I was just posing that question.
- 16:20And then I went back to him. I said, well, I think the
- 16:23ultimate this is, and by dynamics, the ultimate scenario.
- 16:26Is you live in an RV but you park it in your parents
- 16:31driveway, that's a good middle Rd.
- 16:33I mean, what is going on out there?
- 16:35OK. All right.
- 16:36So we have the S&P. Let's talk about the big, Let's
- 16:39talk about Intel. All right, The big Microchip
- 16:42maker, let's talk about 3 M and let's talk about Apple because
- 16:45we've got the markets at an all time high.
- 16:49It's all, have you heard that the S&P, if you've got your
- 16:51money in the S&P 500 ETF, congratulations, you've made a
- 16:56lot of money. I don't.
- 16:57I have my money in precious metal mining stocks.
- 16:59The S&P 500 is at an all time high.
- 17:02The precious metal mining stocks are priced for a depression even
- 17:06though the price of gold is within spitting distance of yes,
- 17:09you guessed at an all time high. Nothing makes sense, right?
- 17:12You have the Magnificent 7. Which is about to become the
- 17:15Magnificent 6 because they're going to kick Tesla out of it.
- 17:18But does any of this make sense? Because the markets at all time
- 17:22highs? 3M Minnesota mining and
- 17:24Manufacturing 3M makes everything OK Three M is a
- 17:27massive company. International conglomerate.
- 17:31Dave, their stock bombed last week.
- 17:33Why? Because of their outlook about
- 17:352024? What about Intel Tech Company?
- 17:38Intel, right? Blah blah blah.
- 17:40Their stock crashed on Friday or Thursday 1215%.
- 17:45Why did Intel stock crash? Because of their outlook for
- 17:50two. 1024 OK, what about Apple Computer?
- 17:55Apple is like the biggest company in the world, The most
- 17:58successful Apple. I got News for you.
- 18:00OK? If you have an Apple phone,
- 18:03that's great. My kids made me get them Apple
- 18:04phones for Christmas. That's.
- 18:06Great. Grandma and grandpa.
- 18:07You know, whatever. It was a gift from grandma and
- 18:09grandpa. I'm not an Apple guy.
- 18:11I've always thought Apple products were overpriced.
- 18:13From a value perspective, I think they're awesome products.
- 18:16They're cool, all that. But is Apple Apple's like the
- 18:20core. Pardon the pun, Apple's the core
- 18:25of. The US stock market of the US
- 18:29economy, right. Apple.
- 18:30Apple. Apple.
- 18:31Hello, Metals 33. I'm still going to call you
- 18:34metal sear, because they're already these are already.
- 18:39OK, so I can. Call you Metal sear.
- 18:41All right. Thank you.
- 18:42You can send me an e-mail and correct me on that.
- 18:44Thank you for the Super Chat. Apple is could be in big
- 18:47trouble. OK.
- 18:48Let's just let's. Apple's the, the base of the US
- 18:51stock market right now, one of the one of the founding pillars.
- 18:55Number one, their products are overpriced, OK?
- 18:58They're great products. I'm not putting them down any of
- 19:00that. But they've got a big issue
- 19:01right now, a patent issue with watches.
- 19:04They can't sell watches in the United States.
- 19:07Their sales in China are dropping.
- 19:09Look, you're not going to hear this anywhere else, all right?
- 19:12But I'm going to tell you the truth about China and Apple and
- 19:17Huawei. There's a company called.
- 19:18Huawei. HUAWEY that is making better
- 19:23quality products than apple in but they're not allowed in the
- 19:28United States right? And some people I'm not being a
- 19:31conspiracy theorist. Some people think they were
- 19:33banned because they were a competitor of apples.
- 19:36But in China now these new Huawei products are supposedly
- 19:42much better. This new mate 60 phone they have
- 19:45that apple so apple could be in big trouble.
- 19:47Apples behind an AI if apple goes down the market goes down.
- 19:50The S&P 5 hundreds at all time highs.
- 19:53The Is the market in a bubble? Absolutely.
- 19:55The valuations of these tech stocks is ridiculous.
- 19:59Absolutely insane. Like tech bubble level.
- 20:04OK, I'm not giving financial advice, but but but boy oh boy
- 20:11oh boy. The overall general markets, and
- 20:14especially these tech stocks are richly valued like.
- 20:18They're like Ponzis. They're they're it's funny I was
- 20:21talking I where I work at night there was a lady and she invest
- 20:26in Apple. She's smart, OK she's in her
- 20:2870s. She's got, she's in the stocks
- 20:31and she's a piano tuner and she was tuning some of the pianos
- 20:35and we were talking stocks and and she she even said she.
- 20:37Said it's like a PON. She's like, I know I own Apple,
- 20:40she said. All I'm relying on is that some
- 20:42other fool at some point in the future is going to be willing to
- 20:46pay me more money for my Apple stock.
- 20:48Right. And it's not just Apple.
- 20:50I'm not picking on Apple. It's all all these companies are
- 20:53overvalued in a crazy, crazy, crazy big way.
- 20:57Let's open this box. You guys want to open this box
- 21:00up? OK, All right.
- 21:02Supposedly there's a few things in here from me, but also a
- 21:09couple things that we're going to add.
- 21:11And this comes from our friend Kimberly, a fellow basement
- 21:14dweller who don't who's going to donate a couple things to the
- 21:17giveaway. Let's open this up, says.
- 21:22Surprise 2 for the giveaway and two to keep.
- 21:26Hey, thank you Tony. Thank you for that super chat. 1
- 21:30gold back dollar for you Ron. Great pod.
- 21:32Thank you. Thank you, Tony.
- 21:35So let's see what we got in here.
- 21:36Here, pull to open. And there's her.
- 21:39There's her note as proof. It's kind of a cool envelope.
- 21:43She sent this in. I wonder.
- 21:44What's in here? Wow.
- 21:47Oh oh man, I love these. Wait, wait.
- 21:51Wait till you see this. Guys, let's take a quick look
- 21:54because two of them are going to go into the giveaway.
- 21:57Oh yes, wow. Silver dollars.
- 22:06And I I am embarrassed. OK, this is live.
- 22:10I know the Morgan silver dollar and I own some of these.
- 22:13My brain is lost me. These are awesome.
- 22:18There's four of them. Four of these.
- 22:20What is my problem? I can't remember.
- 22:23Not the liberty. What's the other silver dollar?
- 22:25Somebody help me, please. Coin shop.
- 22:28Chris, send me a send me a a virtual Ding Dong.
- 22:32Wow. Here.
- 22:34Four of these. Thank you, Kimberly.
- 22:37And these are in really great shape, guys.
- 22:40Oh my gosh. And I am like, so peace dollars.
- 22:42I don't know what's wrong with me.
- 22:44Look at that. Wow.
- 22:46There's the front and there's four of them.
- 22:49OK. Two of them are going to be
- 22:51added peace dollars. Thank you, Chris.
- 22:55There we go. Oh man, look at that.
- 22:57Wow. Thank you, Kimberly.
- 22:59Thank you. Thank you all you basement
- 23:01dwellers. If you get a chance, please say
- 23:03I love silver doll. This is real money.
- 23:06Thank you STP trader. Wow.
- 23:08You guys are super generous today.
- 23:12I just let me this is real money.
- 23:14So I'm going to put these two. With this, don't forget this
- 23:25whole tray can be yours. And now we have 25 ounces of
- 23:30silver on Valentine's Day. There's some cool stuff in
- 23:34there. Thank you, guys.
- 23:37Man. Thank you.
- 23:37Thank you. Unbelievable.
- 23:40Thank you, Kimberly. Ha ha.
- 23:46Here, here, guy. Here's the chart.
- 23:48Here's the proof, guys. That's how much GDP was built.
- 23:52That was created in the fourth quarter.
- 23:55That's the total debt that was created in the fourth quarter.
- 23:58That's just the deficit, the government debt that was created
- 24:01in the fourth quarter. We're we're taking on more and
- 24:04more debt because we have to pay more and more interest, OK.
- 24:09I mean it's not like unlike you, I'll be quick about this.
- 24:12It's not unlike you being in a being in a situation in your
- 24:18household where you have so much debt that you took on that your
- 24:24interest payments become more than your income, OK.
- 24:28I mean it's if it turns into a spiral right at that point, then
- 24:31you're borrowing money to pay interest on money that you
- 24:34previous. It's it's a it's not a good
- 24:37situation. We are not in a happy situation
- 24:41here in the United States. Worldwide, this Red Sea
- 24:45situation is not getting better. OK?
- 24:48And we have. We got the Fed coming up this
- 24:50week. We're going to talk about that.
- 24:51Don't worry. What to expect, what to expect
- 24:53in the silver and gold price. But the big elephant in the room
- 24:58that probably doesn't get enough attention, OK and it's scary, is
- 25:03the situation in the Middle East.
- 25:06Here's the latest news on that a British.
- 25:08British oil tanker carrying Russian NAPFA, which is some oil
- 25:13thing. Oh, I missed another super chat.
- 25:17Bear with me. Bear with me.
- 25:18Guys. I'm sorry.
- 25:19I'm not supposed to say. Bear with me anymore.
- 25:22Stay with me. Here we go.
- 25:23Well, well, well, well, well. Metals.
- 25:25Metals here. Good morning, Ron.
- 25:26Thanks for the mention. I used three because they were
- 25:28already taken. All right, hold on, hold on,
- 25:33hold on. Pop out.
- 25:35Maybe instead of saying bear with me, I'm not supposed to say
- 25:38that anymore either. I'll say I'll sing the Jeopardy
- 25:41song. All right.
- 25:45Yeah. So a Russian.
- 25:47I'm sorry. A British oil tanker is on fire
- 25:51in the Red Sea after a Houthi missile strike.
- 25:55OK. The British fuel tanker,
- 25:57operated on behalf of trading giant Trafiagora, was on fire
- 26:01after it was struck. By a missile as it transited the
- 26:04Red Sea in the most significant attack yet by Yemen's Houthi
- 26:09rebels on an oil carrying base. If it's not the Houthis, it's
- 26:13ISIS, it's Al Qaeda, it's North Korea, it's China, It's, it's.
- 26:20I mean, there's so many, it's hard to remember anymore, right?
- 26:25I mean, it's crazy. I heard another analyst talking
- 26:28about how last week, and again, this was just his analysis of
- 26:32the situation. I don't want anybody to get
- 26:34hurt. We don't want anybody.
- 26:36And it's crazy. The world should get along and
- 26:38if we're on the gold standard, we would get along.
- 26:40But this analyst was saying that there were there like 3 US ships
- 26:45that were trying to escort a mayor.
- 26:47Is it Maersk, that world's biggest shipper through the Red
- 26:51Sea? And they got attacked and they
- 26:53like, turned around and retreated.
- 26:55OK, the situation, they aren't backing down.
- 26:58It's a scary, scary situation on a world geopolitical basis.
- 27:04Next week we're going to hear from the Federal Reserve and our
- 27:06friend, our good friend Jerome Powell.
- 27:11We don't quite know what to expect.
- 27:13OK. What I will tell you to expect
- 27:16is probably a nothing burger, OK.
- 27:19We, we, we we're very unlikely that we're going to get rates
- 27:22are going to rise or go down either of those scenarios if
- 27:27they were to occur. If we were to have a a rate
- 27:30increase or a rate decrease which is very unlikely right,
- 27:34would have big impacts on the market, they lowered rates.
- 27:38The gold and silver price would skyrocket if they raised rates
- 27:41which would be a big surprise. Silver and gold would plummet.
- 27:45OK. The key here right now where we
- 27:48sit with as you're a gold investor, you're probably a
- 27:51silver investor. The big key where we sit right
- 27:55now is that we've really stabilized 10 times, OK.
- 28:01The people, some people are saying the last 10 weeks the
- 28:04gold, the weekly close has been above $2000 per oz.
- 28:08That's a big deal. The data I looked at showed like
- 28:1212 out of the last 13 weeks. We closed above $2000 with gold.
- 28:17Silver's been struggling, right? Silver's been struggling but but
- 28:21hanging strong have you know so the the big key here what I
- 28:27expect this is my prediction is that we will.
- 28:32Have a Nothing burger out of the Fed and they're going to walk a
- 28:35real careful fine line, right? But that we will maintain our,
- 28:41our, our line in the sand with gold which is $2000 and continue
- 28:46to build this base from which to take off from Look the reality
- 28:50is next weekend right now we could be all be sitting here in
- 28:53the basement saying Oh my God Can you believe that that silver
- 28:58is is less than $20. Can you believe that gold is
- 29:03dropped below 9. Anything can happen.
- 29:05Guys do not make, you know, financial decisions based on
- 29:08anything I say. I'm just giving you my opinions.
- 29:11But I, you know, I really feel like things are so delicate and
- 29:17so in need of of, of of of what's the word, soft hands.
- 29:25You know that they're not going to do anything drastic, All
- 29:28right. We already know back in
- 29:30December, Jerome played his cards in terms of where we're
- 29:33going, right. They pivoted.
- 29:35Thank you, Tim. Man, strike that gold.
- 29:38Gone. I'll strike the gold.
- 29:41Gone. You know, $20 Super Chad.
- 29:45I'll strike the gold. Gone.
- 29:47I will. OK, great.
- 29:48Great time to buy Discovery Silver stock.
- 29:51Yeah, a couple. Of people have been talking to
- 29:53me about Discovery Silver. Let me, let me I'm going to
- 29:55strike the gong. Usually we only strike the gong
- 29:58when we get to 300 thumbs up. We're almost to 200 thumbs up.
- 30:03And that'll be the cowbell. But let's do the gong.
- 30:09I can be bought. All right, I can be bought.
- 30:12I'll strike the gong $20.00, but only one strike.
- 30:17OK. Thank you, Tim, for the Super
- 30:20chat. We're going to strike it again
- 30:21when we get to 300. Thumbs up.
- 30:22We're going to ring the Cowbell Discovery Silver.
- 30:25I've had several people talking to me about that.
- 30:28My biggest holding that I have right now.
- 30:32Is Fortuna Silver. They're a silver and gold mining
- 30:36company. They are a sponsor of Ron's
- 30:38Basement. It's a stock that I own.
- 30:41Their sponsorship helps me be able to make this video be able
- 30:45to make this live stream OK. Fortuna has major operations and
- 30:50growing operations in West Africa and I would recommend you
- 30:54do some research on gold mining in West Africa because it's
- 30:58fascinating what's going on there.
- 31:01Now they also have a silver mine in Mexico, a gold mine in
- 31:04Argentina and a silver mine in Peru.
- 31:07And I want to go to Peru and see that silver mine.
- 31:10They don't know that yet, but I would really love because I'm
- 31:13fascinated by the silver mining history in Peru.
- 31:16I'm fascinated by Fortuna Silver.
- 31:19You can find out for yourself if it's the company that you like
- 31:22at their website, fortunasilver.com.
- 31:24Thank you, Fortuna, for sponsoring Ron's Basement.
- 31:28And next week I'll be talking with Jorge Canoza, the CEO.
- 31:31So be on our lookout for that that interview.
- 31:35Jorge has been one time I heard him say he was born in a mining
- 31:40camp. This guy's been around silver
- 31:43for his whole life, right? He's like a fourth generation
- 31:47silver miner. His brother works with him and
- 31:51and just a great guy. You know, there's some great
- 31:53people, including you, that I've met in this sector.
- 31:56I mean, really top tier, top notch people.
- 32:00All right, so next week, Fed. Probably nothing.
- 32:03Burger, hold on. There we go.
- 32:05Now I got the chat back up. They're going to say all kinds
- 32:09of stuff. Remember, Remember, now?
- 32:12Remember something about the Fed.
- 32:15Just just let's do a quick review.
- 32:17It's been 9 1/2 days, guys, since we remembered this, OK?
- 32:22Three years ago, the feds said they weren't even going to start
- 32:25raising interest rates until right now.
- 32:28OK, they they're wrong all the time.
- 32:31Either they're wrong or they lie, or some combination.
- 32:35They're in. OK, Kimberly got a quench up.
- 32:38Chris just told me you're here. Thank you for your donation.
- 32:41Hopefully you were on when I unboxed it.
- 32:43I did put two of the peace dollars into the into the Kitty
- 32:49for the giveaway. So thank you very much.
- 32:51Jerome Powell doesn't tell the truth.
- 32:54Either that or he's wrong or whatever.
- 32:57All right. Remember about inflation, right?
- 33:00It was not a problem. They said 3-4 years ago, then it
- 33:04became temporary and then it became transitory and now
- 33:09supposedly it's under control. Guys with the table is set as we
- 33:15move into the next two or three months and we're going to talk
- 33:18about the the banks as well because it almost seems like
- 33:22things are being set up at this point.
- 33:25Maybe they want to. Maybe they want to shove a ACBDC
- 33:27down our throats, losing my voice.
- 33:35The table is set. I mean, 30-4 trillion in debt, 2
- 33:39trillion deficit. The bricks.
- 33:42The banks are in big trouble. Big trouble.
- 33:47OK, this commercial real estate torpedo that is heading at the
- 33:52banking sector. Just at a time when now for some
- 33:55reason the Fed has become, excuse me, the Fed has become
- 34:03very vocal about the fact that they're ending the bailout that
- 34:08they put in place 11 months ago when we had that banking crisis
- 34:13and we got more trouble heading ass than ever before.
- 34:15And we have European banks. If you heard this, why do you
- 34:19think that the European banking regulators are telling the big
- 34:24banks over there to monitor social media regarding bank
- 34:30runs? I mean, you know we had do we
- 34:33kind of had bank runs here in the United States back a year
- 34:35ago. Elon Musk, thank you.
- 34:39Metal, metal sear. Elon Musk warns Chinese car
- 34:43makers such as SAIC, Geely and BYD will wipe out the US car
- 34:48makers if tariffs. Aren't imposed.
- 34:52I'll touch on that in a second. But we've got this table set
- 34:57right and the banks right. Why is the, why did the Fed, you
- 35:00have to ask yourself that question.
- 35:01The bank term funding program, right.
- 35:03The bailout by any other term, it was a bailout that they put
- 35:08in place to save the banking sector 11 months ago.
- 35:12They're like abruptly ending it just at a time when this wave of
- 35:18trouble is heading at the banks. I don't know.
- 35:20It'll be interesting. I'm not trying to incite year.
- 35:24I'm just telling you the facts. And it's not just me.
- 35:26I'm hearing smart people, right. The the the smart guys in the
- 35:32room, the Rafi Farber's, the people like that are talking
- 35:35about how interesting it is that we've got this BTFD program and
- 35:39they've been very vocal, very vocal about, oh we're ending it,
- 35:43it's done, blah, blah, blah. So we'll see how that all plays
- 35:46out. Yeah, the car.
- 35:47Apparently guys, if you didn't know this, the Chinese can make
- 35:50electric cars and sell them for like $10,000 or $15,000 and
- 35:57they're good cars. OK, so look, that's we talked
- 36:01about this earlier with Huawei. That's why, wow, they made-up a
- 36:05story about, oh, Huawei's spying on Americans and blah blah,
- 36:09blah. I think the real reason
- 36:11potentially, OK, something we need to consider, We're not
- 36:15talking about the world being flat or anything like that, but
- 36:18I think we need to consider that Huawei was banned from the
- 36:20United States because it posed too much competition to Apple,
- 36:26because look at what's going on right now in China with Apple.
- 36:30Huawei's kicking their booty. OK, electric cars.
- 36:35I mean, look, we just have to accept reality here, the
- 36:38Chinese. This isn't 20 years ago when you
- 36:41would say, oh, Chinese stuff is a bunch of crud, right?
- 36:44I started noticing like even little toys I would buy from
- 36:48China for the kids or like little remote control cars and
- 36:51stuff. China is has upped their game
- 36:56and that includes the electric car market and what Metal Sear
- 37:01says is true, right? They could destroy the US car
- 37:04market, but you don't see any Chinese cars being sold in the
- 37:08United States now. Do you?
- 37:10Very, very interesting. Very, very interesting.
- 37:14Some people say the real future of transportation right of a lot
- 37:20of energy production in the world will be and this is this
- 37:24has everything to do with silver.
- 37:27OK and platinum and I'll explain why is hydrogen fuel cells.
- 37:33We have Toyota, Stanford University, the slack lab.
- 37:37We talked about that. We have Honda in General Motors
- 37:41forming A partnership all around hydrogen fuel cells.
- 37:46We have Toyota selling hydrogen fuel cell cars in California.
- 37:52It's very clean. The only, the only, the only
- 37:55byproduct of the process is water.
- 37:58OK, but where it gets interesting for silver in
- 38:02particular, right now they use platinum to make these hydrogen
- 38:06fuel cells. It's the catalyst or what.
- 38:08I don't, I don't really. I'm not going to say I'm an
- 38:10expert. I don't understand the whole
- 38:11process, but Toyota and Stanford put out a big news story just a
- 38:17few months ago saying that they're working on and have
- 38:19apparently discovered a way to substitute silver for platinum
- 38:24in the hydrogen fuel cells. We'll see how that all plays
- 38:27out. But I mean, does it?
- 38:30Is it just me, or does it feel like every time we get a new
- 38:34technology that comes out, that has to do, especially with the
- 38:39environment? Silver's always in it, right?
- 38:41The new solar panels use more solar silver.
- 38:45The new the newest wave of potential hydrogen fuel cells
- 38:49will use more silver. Everything electronic.
- 38:52The AI revolution is gonna, you guessed it, use more silver.
- 38:58It's like everywhere we. Look, we're using more silver
- 39:01and it doesn't make no sense. Right, that we're using more
- 39:05silver for, but the mining supply is going down and the
- 39:10price is going down think. About it This is real.
- 39:15Similar, did you, did you follow uranium right, that core metal
- 39:21that's used in the nuclear power generation industry?
- 39:26It was like 2 years ago and people were like this is does
- 39:29not make sense where the uranium prices based on supply and
- 39:32demand. Do you know what happened to
- 39:34uranium? I just read the other day, I
- 39:36didn't look at a chart, but we just heard the other day uranium
- 39:39was up like 303 or 400 percent 4X, right.
- 39:46So eventually these market imbalances get fixed.
- 39:50What do we know about China with silver?
- 39:52The interesting Shanghai Gold Exchange, right, right.
- 39:55The growing metals exchange in China, did you know right, Their
- 40:01inventory levels are way down. And what's interesting about the
- 40:05Shanghai Gold Exchange, I don't want to keep telling you this
- 40:07option, but it's worth repeating, right?
- 40:10It's based the market is based more on actual physical metal,
- 40:13not like the COMEX and the LBMA in in London and the United
- 40:18States, which is all, you know, 400 to 1.
- 40:22Leverage a lot of times 200 to 1 leverage fit what I don't care,
- 40:27right. The Shanghai Gold Exchange is
- 40:28based on and their inventory, their inventories are down.
- 40:32We know that over the last three years, 400 million ounces of
- 40:37silver left the Comex inventory and the SLV via the LBMA most
- 40:44likely inventory 400. Million.
- 40:47Ounces of silver, right, But the price is down.
- 40:52What does that mean? I I'm talking myself into buying
- 40:55more silver. Let me ask you a.
- 40:59Question. Are you going to buy more
- 41:01silver? If you are, I'm going to buy
- 41:04more silver. I just.
- 41:05I just decided what the heck type BUY, buy.
- 41:11OK, all right. I'm buying more silver.
- 41:14All right. Don't forget, if you want to buy
- 41:16some silver, check out Pinbecs. I know we already talked about
- 41:19them, so we won't go into detail, but I just, I can't see
- 41:24anything. Let's talk about you guys want
- 41:26to hear about Brit Coin. You want to hear about Brit
- 41:28Coin? Trust me.
- 41:29OK. And then we'll talk briefly
- 41:32about about the situation with ex President Donald Trump, but
- 41:37let's talk about Brit Coin real fast.
- 41:39Let me read this to you. Do do do, do.
- 41:48Do. I'm coming.
- 41:48I'm going, Bear. And I I almost said it.
- 41:51I'm not allowed to say bear with me, Papa.
- 41:55Here we go. OK, this comes from Zero Hedge.
- 42:02The Bank of England says, quote, no final decision has been made
- 42:07on Brit coin. I guess they're calling their
- 42:09CBDC Brit coin. And here's some interesting
- 42:13quotes. OK.
- 42:17It would they They want to protect the access to cash
- 42:20should they move forward with a C?
- 42:22BDC. Launch This is from the British
- 42:25giving residents an additional payment choice.
- 42:29They say. Quote if a digital pound were to
- 42:32be implemented, primary legislation would be introduced
- 42:36and this would guarantee users privacy and control.
- 42:41That's according to the Bank of England also quote The bank and
- 42:45government would not have access to any personal data, and users
- 42:52would have freedom and how they spend their digital pounds.
- 42:56Many UK residents have suggested that launching a digital pound
- 43:00could lead to government surveillance of financial
- 43:04transactions and a loss of privacy.
- 43:07But they're not going to do that.
- 43:09They're promise you they're not going to do that.
- 43:11We and we know if there's one thing we know that is we can
- 43:16always trust a central banker. I mean the Federal Reserve for
- 43:21instance here in the United. States has done nothing but
- 43:23good. For this country and the average
- 43:26citizen, so we can, we can put full faith and confidence that
- 43:30those central bankers are always looking out for our best
- 43:33interest. Yeah, yeah, How about?
- 43:38How about? If you're like me, you may Maybe
- 43:41you like to be your own central bank, right?
- 43:44CBDC is not going to eliminate or prohibit you from continuing
- 43:52to hold your own silver, your own gold.
- 43:55When we get to the CBDC environment, I don't care what
- 43:58they say, right? Because central banks have never
- 44:01told us the truth, right? And I It's OK for us to say
- 44:05that. You know why?
- 44:06Because the founding fathers of this country said that.
- 44:10Thomas Jefferson said that. Andrew Jackson said that.
- 44:15OK, that's the reality of the world.
- 44:18I I forgot to ring the cowbell. Thank you, Coin Chef Chris.
- 44:20I'll rant one second. I'm on a rant right now.
- 44:23It's OK for you to be your own central bank.
- 44:27Abraham Lincoln. Well, maybe not Abraham Lincoln.
- 44:30But anyway, Andrew Jackson and Thomas Jefferson are rooting for
- 44:34you, right? The Founding Fathers put it in
- 44:37the Constitution. Big banks.
- 44:40Or the scourge of the earth, the the worms of the world.
- 44:45OK, here's what UK president UK residents are saying.
- 44:52We'd like to see much more detail from the government and
- 44:55the Bank of England. You know, you can trust the Bank
- 44:58of England on this important subject, including a clear plan
- 45:02of action and timeline around the next steps for a digital
- 45:07pound, said a spokesperson for the Self regulatory social
- 45:11Crypto UK. That was a crypto guy.
- 45:14So yeah, they're going to make all kinds of promises about
- 45:19CBDC. Do we believe the promises that
- 45:23are made? I think the key thing for us to
- 45:26remember when it comes to CBD CS being shoved down our throat,
- 45:30that's fine, shove them down our throat, right, But that we still
- 45:35retain the right to be our own. You're your own central bank
- 45:39likely right now if you hold silver or gold, right?
- 45:42There's nothing that's going to prohibit us from continuing to
- 45:46be our own central banks, even if they are successful in in
- 45:50implementing their new central bank digital currency things.
- 45:55And you know, yeah, we'll probably have to use it to some
- 45:57degree to transact everything else.
- 45:59But the core of our wealth, we probably want to hold in
- 46:06something that's been around for a few thousand years longer than
- 46:09CBD CS, let's just touch on. It's unbelievable.
- 46:15I was trying to tie this together.
- 46:19Ex President Donald Trump. Not a political show, right?
- 46:23But ex President Donald Trump rages that the legal system is
- 46:28out of control after he gets slapped with an 83,000,000
- 46:35damage sentence, whatever, against him in this defamation
- 46:40lawsuit. 7.3 million for compensatory damages, 11,000,000
- 46:46for reputation repair, 65 million in punitive damages
- 46:54under the context of political and social disorder in this
- 46:58country. Whether you agree with this or
- 47:01not, again, we aren't. We're in the silver and gold.
- 47:04We aren't into politics. You might get an indication of
- 47:08my thoughts by some comments that I make, but we're not.
- 47:11We're not here to say yay or nay, but from the context of the
- 47:15fact that we have political disorder in this country when we
- 47:19have an ex president in this absolute craziness that's going
- 47:26on right now and and and and what we're to see here and guys,
- 47:32it's the next 10 months, right before this election in
- 47:35November, it's going to get very, very, very interesting.
- 47:40On top of that, you've got what's going on in the banking
- 47:43sector. On top of that, you have what's
- 47:45going on in the world with the bricks.
- 47:48I mean, we don't want to be doom and gloomers, but everywhere we
- 47:52look right now, it's scary. It's just absolutely scary
- 47:57situation. You know I'm 53 years old.
- 48:00I don't you know, I don't know you all are roughly in my for
- 48:03the most part we're we're all kind of in the same age range.
- 48:07We've seen nothing like this before.
- 48:10I mean we have never in our lifetimes seen anything like
- 48:14this before. We've seen some craziness,
- 48:16right? The the, the, the, the, the New
- 48:20York, you know, the Trade Center stuff that went on wars and
- 48:24wars. But in terms of things happening
- 48:27in concert right now is probably the crave, but probably the one
- 48:33of the craziest times in the last 100 years.
- 48:34I mean, Chinese President Xi said that to Vladimir Putin just
- 48:41like 6 months ago when they met, right?
- 48:43They they're having these meetings all the time.
- 48:45They're buddies, and XI told Putin as they were leaving.
- 48:50We are living through a period of change like none other in
- 48:54history, and you and I are at the forefront of what is going
- 48:58on. So it's going to get really
- 49:01interesting. Now you've got the Saudi
- 49:03Arabians, MBS, right? Align themselves with the
- 49:06Russians and the Chinese. I mean, they're part of the
- 49:09BRICS. You got Iran?
- 49:14Is part of the BRICS. I mean really it's just it's
- 49:18crazy what is transpiring in the world right and and we know
- 49:24again we come back to silver and gold, we know all those
- 49:28countries are are centric in terms of their in an alliance in
- 49:34terms of their number one. Purchases of gold in particular.
- 49:38Don't underestimate this, guys. What does this mean to us?
- 49:43What does this mean to us that, like in the last three years,
- 49:46the world central banks bought more gold than the previous 40
- 49:49years combined? OK, it's it.
- 49:52What is that telling us? These are the world's and these
- 49:55are the world central banks, the most sophisticated financial
- 49:57institutions, the insiders, the ones that control the monetary
- 50:02system. OK.
- 50:04And on top of that, this, this new gang that they've formed
- 50:09over there, right to align themselves against what they
- 50:13perceive as an enemy, which is me and you in the West.
- 50:18In the United States they're they're kind of over there now
- 50:21looking like, hey guys, we got the gold, right.
- 50:24We trade. We we don't, you know, we we
- 50:26don't even need to trust each other's currencies because we
- 50:29have gold, right. And the United States is over
- 50:32here saying, hey guys, we got the paper dollar.
- 50:35We got some paper dollars. Aren't they pretty?
- 50:37Look at these you know it's gonna be it's gonna be
- 50:42absolutely crazy. And then on top of that with
- 50:44like silver, we know that silver, the silver price, it's
- 50:50been proven. OK, It's been proven that
- 50:53silver's manipulated on short term basis.
- 50:55There are people that have spent their careers proving that
- 50:59silver and gold have both been manipulated.
- 51:03There were concerted, organized, coordinated efforts to induce
- 51:08volatility for example, into the silver market and gold market so
- 51:12that people won't buy it. But all that is changing now.
- 51:16Right. And maybe just a little bit of
- 51:18percolation. Oh, I keep forgetting to ring
- 51:20the I'm gonna ring that cowbell. I apologize, guys.
- 51:31Jake all. Right on top of it, we know
- 51:34that's Jake from Jake's custom parts.
- 51:37Oh, before I forget. Guys, please.
- 51:39If you would type 8 in the comments for the moderators
- 51:43because the moderators are great 88888.
- 51:47Thank you. It's a nice thing to do.
- 51:49I didn't even beg you. How about some thumbs up?
- 51:51Baby, we got 400 people here. I'll ring the gong.
- 51:55I'll ring the gong extra if you can get us to 300.
- 51:58Thumbs up. We got 5 minutes to get there.
- 52:01Can we do it? Basement dwellers.
- 52:03It looks like that. All you got to do is click it.
- 52:06OK. We know this everything
- 52:10happening in the world right now.
- 52:13The bricks, right? That's an easy way to say it.
- 52:16We know what's happening in the United States right now,
- 52:19politically, socially, of monetarily.
- 52:24OK, fiscally, all right. Monetary policy is what the Fed
- 52:29does, which is screwed up. Fiscal policy is what our
- 52:32government does, which is way screwed up, right?
- 52:3534 trillion in debt, 2 trillion in deficit.
- 52:38So you got the world impact on the metals.
- 52:41You got the United States impact on the metals is it'll be valued
- 52:46in U.S. dollars. And then on top of that, there's
- 52:48a little cherry on top, right? There's a little cherry, there's
- 52:51two cherries on top. And if we just look at silver,
- 52:55right, we know the demand for silver is far outweighing the
- 53:00supply that the world is able to provide right now.
- 53:05OK. Right.
- 53:06The whole supply demand thing, which is out of balance.
- 53:10Yeah. And on top of that, come on, we
- 53:14can get to 300 thumbs up. I want to ring that gong before
- 53:17I go. Basement dwellers, You don't
- 53:19want me to sing, do you? On top of all that, right?
- 53:23On top of the just fundamental We know that silver has been
- 53:28manipulated down for years. And we know, we know because of
- 53:34all those aforementioned factors, especially what's
- 53:37changing in the world right now, that that stranglehold that the
- 53:44COMEX and the LBMA had on silver in particular, that they're
- 53:48going to lose it. They're going to lose the
- 53:50stranglehold because the big group over there eventually is
- 53:54going to say you can say whatever you want over there,
- 53:57boys and girls at COMEX and the LBMA, that's great.
- 54:01So we'll buy all your silver for that artificially low price.
- 54:05We're going to take it. And is that happening right now
- 54:09because did you know this if you want to buy silver on the
- 54:13Shanghai, Shanghai I I really want to go to China, I want to
- 54:17go to Peru 1st and then China, but in Shanghai?
- 54:20If you go, you want to buy silver on the Shanghai Gold
- 54:23Exchange. Oh you say here, look, you pull
- 54:26up your app on your phone, you say.
- 54:28Looky look, it says right here. Kitco Comex Spot silver $22.73
- 54:36they say. Oh no, we have different price,
- 54:39right? Our price is almost $3 per oz
- 54:43higher because sorry Mr. Westerner, we don't deal in
- 54:49Unicorn fart dust silver we. Deal in real metal.
- 54:53Imagine that. They actually deal in real
- 54:56metal. Oh, what a concept, right.
- 55:00So this silver price, I don't know, $161, that's just you know
- 55:06and that's based on Turkey and US we're we're, we're already on
- 55:10that path. I'm going to up the price
- 55:12$261.00 silver. We're headed there, my friends.
- 55:17We are. We're also headed toward 300
- 55:19thumbs up. I'm going to go get the gong so
- 55:22we can ring the gong. Oh, here's the gong right here.
- 55:25Check out these one more time. Thank you, Kimberly.
- 55:28Thank you. Thank you, Man, you basement
- 55:31dwellers are the best. OK, Don't forget guys.
- 55:35There it is. See if I can get it to shine.
- 55:37I like when the silver shines. The lights kind of.
- 55:40Oh, yeah, look at that. Yeah, isn't that beautiful, huh?
- 55:44Right. On Valentine's Day we got the
- 55:47big giveaway. There's a link in the
- 55:49description of this and all the videos.
- 55:51Click on the link. It's easy.
- 55:53There's no obligation. You're not going to get spammed
- 55:55you. All it is, is a link to a video
- 55:58about the giveaway where I go through everything in the video
- 56:01on the giveaway and then you leave a comment that's called
- 56:05the giveaway video. You just leave one comment say
- 56:07thanks, pin backs. And then we have a computer
- 56:10program live on Valentine's Day where it will randomly pick one
- 56:15of the comments that includes the words thanks pin back.
- 56:18So make sure you put thanks pin backs in that comment.
- 56:21I got to ring the gong three times.
- 56:23It's for you, man. Thank you, guys.
- 56:25All right. Yes, a lot of people work really
- 56:28hard to make this possible. The moderators do it.
- 56:31OK, I'm going to ring that gong. Don't you worry.
- 56:34Susie works hard. I work hard.
- 56:36Coin shop. Chris works hard.
- 56:38All the moderators work hard. It's not possible without you.
- 56:43And you worked hard and pressed that thumbs up button.
- 56:46So here comes three gongs. I'm like a dog.
- 56:52I'm still. I'm fascinated.
- 56:55But after you hit it, it's keeps ringing.
- 56:59All right. Last one.
- 57:00The hardest gone hit ever. Have a great day.
- 57:09I'll see you tomorrow. Be nice to yourself.
- 57:12You deserve it. I deserve it.
- 57:14Right? When we're nice to ourselves, we
- 57:16have a much better chance of being nice to those around us.
- 57:20And you deserve it. OK.
- 57:22You deserve to be nice to yourself.
- 57:23There's there really is only one you.
- 57:26I haven't said told you this in a while, OK?
- 57:30You're the apple of your mommy's eye, and you're important to a
- 57:34lot of people, OK? Not the least of which is the
- 57:38group of people that are here in the basement.
- 57:40OK. Each and every day.
- 57:42Have a great one. Like I said, I'll see you guys
- 57:44tomorrow. Thank you.