Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER STACKERS 🔥 ALERT! 🔥 -- Massive NEWS for GOLD & SILVER Price... (Federal Reserve, Inflation)

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SILVER STACKERS 🔥 ALERT! 🔥 -- Massive NEWS for GOLD & SILVER Price... (Federal Reserve, Inflation) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Crazy price action right now in the silver market and the gold
• 0:04
  market. We're going to dig in and
• 0:05
  explain what is going on and what we can expect as we move
• 0:09
  into these next couple weeks. But Oh my gosh, I'm shocked
• 0:13
  because everyone that I'm hearing speak regarding what we
• 0:17
  should be expecting over the next few weeks said nothing is
• 0:20
  going to happen really in any of the markets till we get through
• 0:24
  the elections. And what we're seeing this
• 0:26
  morning in the silver market in particular so far is nothing
• 0:30
  short of spectacular. Initial reports that I'm
• 0:33
  hearing, I listen to Phil Streibel from Blue Line Futures.
• 0:37
  He puts out a great video every morning.
• 0:39
  He's been a guest here in the basement.
• 0:41
  He's a regular guest on CNBC. This guy's super smart and he
• 0:45
  says there's two things going on.
• 0:47
  Number one, there was a big report out of guess where,
• 0:51
  China. Nobody's impacting the precious
• 0:53
  metals prices right now like China, but there was a big
• 0:56
  report about copper and the LME, the London Metals Exchange,
• 1:01
  inventories of copper dropping. Remember, guys, silver is a
• 1:05
  monetary metal. It will follow gold, but it's
• 1:08
  also critically an industrial metal now as well.
• 1:11
  So it has this cozy little relationship ship with copper.
• 1:15
  So the copper prices up this news out of China.
• 1:18
  On the second front, there's another piece of news out of
• 1:20
  China that now they're announcing they're going to do
• 1:23
  more stimulus. And people think this is how it
• 1:26
  all works out, right? Follow me on this, that if
• 1:29
  Donald Trump is elected as president, which I believe, I
• 1:33
  guess it's who you want to believe, but it sounds like the
• 1:36
  betting odds at this point, or at least the Donald Trump will
• 1:39
  be elected, that the Chinese will have to implement even more
• 1:43
  aggressive stimulus because of all the tariffs that he's
• 1:47
  talking about. And again, when the Chinese
• 1:50
  stimulate, when they print money out of nowhere, that is very,
• 1:54
  very good for silver and gold. But what about $36 silver?
• 1:57
  Don't you worry. Don't you worry, Buttercup.
• 2:02
  We are going to check the silver price in just a few minutes.
• 2:05
  But let's talk about $36 silver right now.
• 2:09
  As we're speaking, let's go out to our friend, the Oriental
• 2:13
  Ghost. Uh oh, wrong screen.
• 2:15
  Here we go. We're going to come back to that
• 2:18
  one because that's also exciting.
• 2:20
  Here is the data from the Shanghai Gold Exchange.
• 2:24
  And the only reason that we emphasize the high is because as
• 2:28
  we can see here, right, the silver price is always higher in
• 2:33
  China. And it's so interesting because
• 2:35
  the Chinese market is a physical market.
• 2:39
  We're going to talk about JP. Oh, worrying about the Fed too.
• 2:41
  We got a lot. And we have a special guest
• 2:43
  joining us, Brian from Mountain Boy and Entertainment.
• 2:46
  Buckle in, guys. Seriously, we got a ton to
• 2:48
  cover. But the Shanghai Gold Exchange
• 2:52
  is a physical market. There's AG.
• 2:55
  This was the closing numbers from last night.
• 2:57
  Here it is in U.S. dollars, 36 dollar physical silver in China.
• 3:03
  OK, now it gets even crazier when we go down or we go back up
• 3:08
  to what the Oriental ghost and this guy is always on it always
• 3:12
  knows what's going on direct from China.
• 3:14
  Gold is all time high again in the night trading on the
• 3:18
  Shanghai Gold Exchange and the Shanghai Futures Exchange.
• 3:24
  I can't read any of this. I can't read Chinese writing or
• 3:28
  I don't know what. They call it those.
• 3:30
  They're beautiful, those symbols.
• 3:32
  This is probably, I think it's per gram, this is their price.
• 3:36
  Anyway, we're going to believe him in that we have a new all
• 3:40
  time high on both the Shanghai Gold Exchange and the Shanghai
• 3:43
  Futures Exchange. For the gold.
• 3:46
  Price all time high gold silver, what's silver doing?
• 3:50
  You guys want to run out and take a look at the silver price
• 3:53
  because early earlier it was up and up quite strongly.
• 3:57
  I think we can say let's go out to channel sponsor pin backs and
• 4:01
  we will press the magic button here and get an update on the
• 4:05
  silver price. Wow, wow, $0.83 per oz.
• 4:11
  Let that sink in for just one second.
• 4:15
  Unbelievable. I'm shocked, I'm flabbergasted.
• 4:20
  How do you feel? I mean, this, this is not
• 4:23
  supposed to be happening. We have silver at $34.52, guys,
• 4:28
  we talked, we'll get into that later.
• 4:30
  First, let's say thank you to channel sponsor PMBEX.
• 4:33
  Without their financial support, Ron's basement, our community,
• 4:37
  right, us basement dwellers wouldn't be possible.
• 4:40
  So thank you to PMBEX. What I feel so great about
• 4:43
  having PMBEX as a sponsor is because of a number of key
• 4:47
  factors. Probably the biggest is how
• 4:49
  they've treated all of us, all of the basement dwellers, all
• 4:52
  the people that have gone and checked out Pinbacks, talked to
• 4:56
  the brothers that owned the company, bought physical metal,
• 4:59
  metal from the company. I've received overwhelming
• 5:02
  positive response and that's because they always have ultra
• 5:07
  competitive pricing, a great selection and the number one
• 5:10
  thing, the foundation before you ever, whether you buy it from
• 5:14
  PMBEX or any other local coin shop, bullion dealer, you want
• 5:18
  to work with people that you know you can trust.
• 5:22
  And I feel 100% confident from my perspective of saying that I
• 5:26
  trust PMBEX. I worked with them.
• 5:28
  I bought metal from them before they even sponsored Ron's
• 5:31
  basement, $0.83 per oz in the silver market.
• 5:35
  Wow, wow, wow. What was that price again?
• 5:39
  Hold on, let's run out there and look one more time quickly
• 5:42
  because we talked about this and everyone has talked about this.
• 5:46
  There's the deck clock. Yes, guys, that once we got
• 5:50
  above 3250, once we got above 3435, we're still in a big
• 5:55
  battle. But that it was it was it's
• 5:58
  it's, it's clear sailing to 4440.
• 6:01
  Five, $50 per oz silver. Now look, I don't have a crystal
• 6:05
  ball. You and I both know
• 6:06
  unfortunately three weeks from now, yeah, but we got a lot of
• 6:11
  unknowns, uncertainty in the future here in the next few
• 6:15
  weeks we on for, we could be talking about a lower silver
• 6:18
  price than where we are now, but it sure feels like based on
• 6:21
  everything that we know that the silver price truly could break
• 6:25
  out into that $4045 per oz range.
• 6:29
  It's going to be super interesting to watch.
• 6:31
  And we know there just aren't any people.
• 6:34
  We're we're essentially at an all time high.
• 6:36
  We are at an all time high for silver in my book.
• 6:40
  Yeah, sure. You know, we hit 50 bucks in
• 6:43
  1980. We hit $50 per oz in 2011.
• 6:47
  But if you look at a long term chart of the silver price, it's
• 6:50
  clear as day that over the last 50 years we've only been above
• 6:55
  where we are for maybe I don't know, 11 months, 13 months or
• 6:59
  something like that. So essentially, there's very few
• 7:02
  people that have bought silver higher than where we are today
• 7:05
  that would want to sell when the price hits 40, $50 per oz.
• 7:09
  Very, very few people. That means there's not going to
• 7:13
  be a lot of supply coming on the market.
• 7:15
  And we know the level of interest right now in the
• 7:18
  precious metals continues to explode.
• 7:21
  By the way, my level of interest in you is exploding.
• 7:26
  Thank you for being here. Thank you for being a part of
• 7:28
  the Basement. I appreciate everyone who
• 7:30
  subscribed to the channel gives the video a thumbs up.
• 7:34
  Super chat, super thanks PayPal donations never ever, ever
• 7:38
  expected. Always much appreciated and
• 7:41
  please never donate any money that you can't afford.
• 7:44
  OK, that's that's critical. Everything here is free
• 7:47
  Donations are nice, but again, not expected.
• 7:50
  OK, let's move on together. So much happening, but that the
• 7:54
  whole point of this video was that they're going to end the
• 7:56
  Fed. Are we going the Fed, the
• 8:00
  Federal Reserve, right? Remember, let's, let's remember
• 8:03
  something very critical about the Federal Reserve. the Fed in
• 8:07
  Federal Reserve is no more federal than the Fed in Federal
• 8:11
  Express. The Federal Reserve is not part
• 8:13
  of our government. The Federal Reserve is owned by
• 8:16
  a bunch of private banks. There's some arrangement where
• 8:19
  they report to Congress, blah, blah, blah.
• 8:21
  But at the end of the day, they're owned, they're bought
• 8:24
  and sold by the big banks. the Fed is not your friend, right?
• 8:29
  They, they make this out of nowhere and don't forget right
• 8:33
  there there's their stated objective is for this to only
• 8:36
  lose 2% of its value per year. If you're an average middle
• 8:40
  class American who doesn't have a big, a real estate portfolio
• 8:43
  or whatever stock portfolio, they only want you to lose 2%.
• 8:47
  Now we know that the real numbers are much, much higher
• 8:50
  than that, but the Fed is not your friend and is there?
• 8:53
  There is. This is a.
• 8:55
  Fact there's growing support to end the Fed let's let's dig into
• 9:00
  this because it's very interesting right.
• 9:02
  No more money printing for you Jerome very very interesting.
• 9:06
  Let's go out to 0 hedge and they are pointing out some astounding
• 9:12
  facts about the make sure we got through all that.
• 9:15
  Where is it? Here it is.
• 9:17
  OK, the revolution continues. The ranks of anti fed
• 9:24
  Republicans are growing. OK, So what they're telling us
• 9:29
  here is they're talking about Ron Paul, 12 year, 12 year
• 9:33
  anniversary of his retirement from Congress.
• 9:35
  But his legacy continues to to display itself on the political
• 9:40
  scene. There's Ron Paul there he is
• 9:42
  with his in the Fed. Hey, you know, Andrew Jackson
• 9:47
  and Thomas Jefferson are smiling.
• 9:50
  What's that Guy Hamilton, The people that wrote the US
• 9:52
  Constitution. Less obvious, however, has been
• 9:55
  the growing political support for one of Doctor Paul's
• 9:59
  greatest priorities, ending the Federal Reserve.
• 10:03
  And guys, let me look you in the eye because this is so you are
• 10:06
  not anti American if you want to end the Federal Reserve.
• 10:09
  You're actually more of an American patriot if you stand
• 10:13
  against the Federal Reserve. Thomas Jefferson, Hamilton, all
• 10:17
  those guys are smiling on you because the Fed is evil.
• 10:21
  I'm sorry, right? Read the books, study up on it.
• 10:25
  99% of the American people are clueless what the Fed even does
• 10:29
  and how the Fed has taken actions which have really made
• 10:34
  life much more difficult for the average American.
• 10:39
  But, but what you got to remember about the Fed is the
• 10:42
  President Woodrow Wilson, who signed the the legislation to
• 10:45
  create the Federal Reserve. He is on record.
• 10:49
  We've got a picture. I don't have it pulled up today.
• 10:51
  But two years after he signed the legislation to create the
• 10:54
  Federal Reserve, he said, I'm the most unhappy man.
• 10:58
  I have destroyed my country. I didn't realize that I was
• 11:01
  selling my countrymen out to the interest of big banks and
• 11:05
  corporations. OK, now let's go back to what's
• 11:08
  happening. These are unbelievable
• 11:11
  developments right now happening in our country in regards to the
• 11:15
  Fed says as an illustration of this this movement to end the
• 11:19
  Fed has seen most obviously in the bill itself in 2012.
• 11:24
  OK Doctor Ron Paul during his last term in Congress is in the
• 11:29
  Fed bill didn't have a single Co sponsor.
• 11:33
  So in 2012 when he put put forth the legislation to end the Fed,
• 11:38
  nobody, nobody got on board with them. 0 milch in 2024,
• 11:43
  introduced by Thomas Massie. The bill now has 23 Co sponsors.
• 11:49
  OK. And it lists the 23 Co sponsors
• 11:51
  there. And on top of that, in this past
• 11:54
  year, another new precedent was set with Mike Lee.
• 11:58
  He's the first senator to introduce the bill into the
• 12:02
  upper chamber. And let's check this out.
• 12:04
  Hold on here. Make sure I got you on the right
• 12:06
  screen, which I do. I believe he's from Utah.
• 12:11
  Yeah. Mike Lee, a United States
• 12:13
  senator for Utah. OK, here's a press release
• 12:17
  breaking the bank. Senator Lee introduces bill to
• 12:20
  abolish the Federal Reserve. We have senators proposing to
• 12:25
  end the Federal Reserve. We have 23 congressmen and women
• 12:28
  proposing to end the Federal Reserve.
• 12:31
  And we have a growing chorus of American people who are
• 12:35
  educating themselves, a lot of them from the silver and gold
• 12:38
  community, a lot of them from the cryptocurrency community,
• 12:43
  right? We won't go into crypto, a
• 12:45
  crypto debate, right? A lot of crypto people and and
• 12:48
  precious metals people. It's interesting.
• 12:50
  We share all the same foundational beliefs, but man,
• 12:54
  when it comes to either crypto or precious metals, that can
• 12:58
  create a real street fight, but none the less, right, We
• 13:01
  senators, congressmen, and now we have more and more people.
• 13:06
  We got the Costco dads. Hey, Don, how?
• 13:08
  Thank you for the Super chat, my friend.
• 13:10
  Let's pull him up. Good to see you, Don.
• 13:13
  Good to see you. Welcome to the basement.
• 13:16
  We're going to have Brian here from Mountain Bullion
• 13:18
  Entertainment in about 10 minutes.
• 13:20
  He's supposed to join a special guest, and he has some crazy
• 13:23
  interesting facts to point out about the silver market, silver
• 13:27
  supply. We're going to get with him as
• 13:29
  well. Let's get Don off here.
• 13:31
  All right? Yeah.
• 13:32
  So it's not just senators, congressmen, It's now the Costco
• 13:36
  dads. The people are buying gold and
• 13:38
  they, Costco, they're going to wise up there, eventually going
• 13:41
  to realize they want to buy it from a specialist from a company
• 13:44
  like Pendeks. But for now, it's a great
• 13:47
  gateway to get new people into the precious metal sector.
• 13:51
  It's going to be absolutely crazy, man.
• 13:56
  There's so much to cover. What about JP Morgan?
• 13:58
  This is funny. JP Morgan, it's not funny.
• 14:02
  Was convicted for decades, right?
• 14:04
  The world's biggest bank, blah, blah, blah of manipulating the
• 14:07
  silver and gold price, tamping down silver, bragging about it.
• 14:11
  These traders, you know, spoofing, We've gone through it
• 14:15
  all. It's a big, big issue that's
• 14:17
  occurred over the last number of decades.
• 14:20
  I thought this was, was, was humorous.
• 14:23
  I don't know if you heard about this, but JP Morgan had a little
• 14:27
  trouble. Was it last week or two weeks
• 14:29
  ago there was an infinite money glitch.
• 14:31
  CNBC, JPMorgan begin suing customers who allegedly stole
• 14:36
  thousands of dollars in the infinite money glitch.
• 14:40
  So what this was was they had some problem with their ATMs
• 14:44
  where people were able to, like, just write a check for whatever
• 14:47
  amount they wanted, hundreds of thousands of dollars, deposit it
• 14:51
  into their account and then withdraw the money.
• 14:54
  But JP Morgan forgot that critical thing was the check
• 14:58
  that they actually that the bounce was going to or that the
• 15:00
  check was not going to bounce, which they were.
• 15:03
  OK. So JP Morgan has begun suing
• 15:05
  customers who stole thousands of dollars from ATM's by taking
• 15:08
  advantage of a technical glitch that allowed them to withdraw
• 15:13
  funds before the check bounced. Okay.
• 15:15
  They filed suit in three federal courts.
• 15:17
  A Houston case involves a man who owes JP Morgan $290,000.
• 15:23
  He he got him good, wouldn't you say?
• 15:26
  I don't know what he bought with that.
• 15:28
  Maybe some silver and gold, Who knows?
• 15:30
  I digress. After an after an unidentified
• 15:32
  accomplice deposited a counterfeit $335,000 check.
• 15:37
  So somebody put a bad check into this guy's account and then this
• 15:40
  guy was able to take out. This is not what's what's funny
• 15:44
  about it? OK, so the infinite money
• 15:46
  glitch. It was a TikTok video that
• 15:48
  spread like wildfire. People I had like for two days
• 15:52
  were doing this. OK here's what JP Morgan says.
• 15:55
  On August 29th, a masked man deposited a check into the
• 15:59
  defendants bank Chase Bank account in the amount of 335 K
• 16:03
  After the check was deposited, the defendant began to withdraw
• 16:06
  vast majority of the ill gotten funds.
• 16:10
  This. So what I'm thinking is this
• 16:13
  infinite money glitch. I'm thinking do these do these
• 16:15
  people did they suddenly now they know what it feels like to
• 16:18
  be Jerome Powell at the Federal Reserve.
• 16:20
  I think Jerome Powell has an infinite money glitch right?
• 16:23
  As long as as long as we they're not that abolished as as we've
• 16:31
  talked about this movement coming forth right suddenly this
• 16:35
  guy in Houston must have must have felt he was the new Jerome
• 16:38
  Powell. JP Morgan, the biggest bank by
• 16:41
  US assets is investigating the infinite money glitch, although
• 16:44
  it hasn't disclosed the associated losses despite a
• 16:47
  waning you. Oh, this is interesting.
• 16:49
  This tells us what how the bank feels about going to digital
• 16:53
  despite a waning use of paper checks as digital forms of
• 16:56
  payment gain popularity. 2 point or 26 billion and fraud every
• 17:01
  year. Now what?
• 17:02
  Now what really I thought, what I really thought was funny about
• 17:05
  this is JP Morgan is seeking the return of the stolen funds with
• 17:09
  interest and overdraft fees as well as lawyers fees and in some
• 17:13
  cases punitive damages. According to the complaints.
• 17:17
  It'll be a wave of legislation. This is what cracked me up.
• 17:21
  OK is now this is JP Morgan's quote.
• 17:23
  Fraud is a crime that impacts everyone and undermines trust in
• 17:28
  the banking system. That's according to JP Morgan
• 17:31
  spokesman Drew Pussy Terry. He said that in a statement to
• 17:35
  CNBC. And what I'm thinking about,
• 17:37
  Drew, right? I have a question for you.
• 17:39
  Does that apply to the precious metals market?
• 17:42
  Fraud is a crime, Drew. Does that apply to how you RIP
• 17:47
  people off with like 2627% interest rates on credit cards?
• 17:54
  I mean, is it OK for fraud's OK as long as JP Morgan?
• 17:59
  I mean, come on, everybody knows.
• 18:00
  It's been well documented. JP Morgan has ripped off people
• 18:04
  for decades, whether you're a precious metals investor or even
• 18:08
  a crap somebody who's to pay the 2524 twenty 8% credit card rate,
• 18:13
  that's highway robbery. And we know, I guess from a
• 18:16
  legal perspective, they were convicted of fraudulent trading
• 18:20
  activity spoofing. They sent a couple traders to
• 18:23
  jail. So I guess my question is, it's
• 18:26
  all I'm not, I'm not supporting what these people did right.
• 18:32
  I don't like fraud on either side.
• 18:34
  But I thought it was pretty funny that JP Morgan's got their
• 18:37
  their undies all in a in a ripple because somebody thought
• 18:41
  figured out a way to create an infinite money machine.
• 18:43
  And I still think it's pretty not humorous, but that these
• 18:48
  people, if they turn themselves in some into some miniature
• 18:51
  Jerome Powell's from the United. States Federal Reserve.
• 18:55
  What do you guys say we bring on our friend Brian from Mountain
• 18:57
  Bullion or Entertainment. He's got some interesting things
• 19:00
  to talk about this morning. Let me let me put my ears in and
• 19:06
  see if we can get Brian up here on stage.
• 19:09
  We're a few minutes early. Brian, can you hear us?
• 19:12
  Good morning. Yes, I can.
• 19:13
  Hey, good to good to see you buddy.
• 19:15
  How you doing? What do you think about JP
• 19:17
  Morgan being upset? I don't know if you heard about
• 19:20
  about people figuring out figuring out a way to to RIP
• 19:23
  them off a little bit. You know, I think it's pretty
• 19:27
  interesting, especially that it was such a a big deal, $26.6
• 19:33
  billion. That's pretty impressive.
• 19:35
  Yeah. It almost makes me wonder if JP
• 19:37
  Morgan had allowed this activity to go on just to create an
• 19:41
  environment where people are desperate because they don't
• 19:45
  want to go to jail to conjure up this money for them with
• 19:48
  interest. Yeah.
• 19:48
  Yeah, yeah, yeah, yeah. It's a, it's in poor JP Morgan.
• 19:53
  They don't mind. They don't mind fraud when they
• 19:55
  benefit. Right.
• 19:57
  Yeah, now, now the shoe is on the other foot.
• 20:00
  Yeah, when they're when they're on the receiving and they don't
• 20:03
  like. It so well, so so what's.
• 20:04
  Going on, you've got some interesting, I would almost say
• 20:08
  stunning data you wanted to share about the silver market.
• 20:12
  What the what, what, what are you seeing right now going on
• 20:14
  with Silver Brian? Well, there's a lot going on.
• 20:18
  It's great to be here with you this morning.
• 20:20
  And hello to all the basement dwellers.
• 20:22
  Yeah. I'm not sure if you'd like to
• 20:25
  pull up that first slide that I had sent you from Bullion by
• 20:28
  post. Let's pull that up here.
• 20:30
  Hold on. See if I can pull this off.
• 20:32
  There we go. Is that it?
• 20:33
  There it is. Yes, that is thank you very
• 20:36
  much. As you can see in this article,
• 20:42
  if you took all of the silver that had been mined throughout
• 20:45
  history and let's just say you put it in bar form and you
• 20:48
  stacked it into a cube, that cube would be roughly 55 meters
• 20:53
  on each side. Now if you look at the sentence
• 20:57
  down at the bottom right under that cube, you can see that
• 21:03
  about 49% of the total silver mined has been lost or
• 21:08
  destroyed. Now this is based on numbers
• 21:12
  that came out of the CPM group, that those are the numbers they
• 21:15
  used for this article, and it's likely that even more silver has
• 21:20
  been destroyed than that. Hold on, Hold on, Brian.
• 21:23
  Brian, hold on. I'm having technical.
• 21:27
  There you are. OK, you're back.
• 21:28
  Sorry. Repeat that last sentence.
• 21:29
  I actually pulled up your YouTube channel in the
• 21:32
  background and you were talking twice at the same time.
• 21:35
  Oh, Oh yeah, no sweat at all. So wait a minute, wait a minute,
• 21:38
  wait a minute. You just told them it'd be that
• 21:40
  all the silver in the history of the world that's ever been mined
• 21:44
  would fit inside of a cube. That's about 55 yards by 55
• 21:48
  yards by like like half of a soccer field or half of a
• 21:53
  football field and then 55 yards high.
• 21:56
  Is that am I? Am I reading that correctly?
• 21:59
  Yes, that's correct. And you know, this is based on
• 22:02
  information coming out of this CPN group that they that they
• 22:06
  put into this article. And they're an authority, no
• 22:08
  doubt, right? Jeff Christian, no doubt.
• 22:11
  Yeah, well, I now you might want to take some stuff that he says
• 22:14
  with the great assault. But they, but they are an
• 22:16
  authority of the industry. Yeah.
• 22:19
  Now, if you look down at the sentence at the bottom there, it
• 22:22
  it is estimated that about 49% of the total silver that's been
• 22:26
  recovered has been either lost or destroyed.
• 22:30
  So this cube would actually be smaller than this.
• 22:33
  And then I I also would just like to mention it had been
• 22:36
  pointed out by the Silver Academy that they don't track
• 22:40
  silver used by militaries. So, you know, when we bombed the
• 22:45
  Houthi rebels with Tomahawks, for example, all of that silver
• 22:50
  that got destroyed, it was not accounted for.
• 22:53
  You know, that's just one example.
• 22:55
  Yeah, Well, Andy Scheckman says I'm good from a great source
• 23:00
  that there's, what, 500 ounces of silver roughly in each
• 23:04
  Tomahawk missile. Yeah.
• 23:07
  And then and then and then listen to this, Brian, because I
• 23:09
  think this, this blew me away. I saw a report, a congressional
• 23:13
  report from 1942, so almost 100 years ago during the onset of
• 23:18
  World War 2, that there was a report to our Congress that they
• 23:22
  were estimating back then that they were going to need, the
• 23:25
  military was going to need 200 million ounces of silver per
• 23:29
  year to fight World War 2. I mean, that was back.
• 23:33
  Then I would imagine they're maybe possibly using more silver
• 23:36
  now, I don't know. That, that is a lot.
• 23:40
  And and you figure if we're already looking at about that
• 23:43
  amount in a deficit over the last few years, we'll probably
• 23:47
  be looking at a little more than that for our deficit this year,
• 23:50
  probably more like 215,000,000, I think is what it was.
• 23:54
  And if they're not accounting that, I mean, does that mean
• 23:57
  that our deficit's actually closer to 400?
• 24:00
  Yeah. Yeah, yeah.
• 24:02
  Well, and you're saying it, so all that silver, that 55 meter
• 24:05
  cube and then about half of it has been lost to probably
• 24:10
  photography over the years. That's what it was used a lot in
• 24:13
  during the like fifties, 60s and 70s and just other industrial
• 24:17
  uses. So half of that silver is gone.
• 24:20
  And then I think it's critical for our viewer and us to realize
• 24:24
  too, that like of that silver that's left, that that is a
• 24:29
  finite, that is a, a static number, right?
• 24:33
  It can't be printed. And we, we know that every year
• 24:37
  because of the deficit, that above ground resource is
• 24:40
  shrinking and shrinking and shrinking.
• 24:41
  Nobody knows for sure how soon it'll shrink or when it'll get
• 24:44
  to 0. But we do know that it's a, it's
• 24:49
  a set number and that it's getting smaller and it will
• 24:52
  eventually, you know, if the deficits continue at some point
• 24:56
  get to 0, right? Does that make sense?
• 24:58
  Yeah, absolutely. It's just going to continue to
• 25:01
  dwindle. There's only so much of it out
• 25:04
  there. And then another thing to
• 25:06
  consider is there's only so much of it in investment grade form.
• 25:10
  A lot of silver has been used to make jewelry, for example, you
• 25:14
  know, So this isn't silver that would be considered like good
• 25:17
  delivery silver for the LBMA or for the COMEX.
• 25:22
  Yeah. Well, because and I appreciate
• 25:25
  you pointing that out because I think we don't realize how
• 25:28
  delicate and sensitive the the supply of silver bars, silver
• 25:36
  coins, the quote UN quote investment.
• 25:38
  Great how how really delicate and sensitive it is.
• 25:40
  It is it is a really a sliver of the total silver supply out
• 25:45
  there. And you know, we saw this during
• 25:48
  during the C19 crisis in 2020 where you know, people were
• 25:51
  supposed to coin shops were sold out online bullion dealers were
• 25:55
  sold out. We also saw it even just more
• 25:57
  recently about 18 months ago during the little banking crisis
• 26:01
  and what March, April of 2023 right where premiums on American
• 26:06
  Silver Eagles, one ounce American Silver Eagles.
• 26:09
  They got crazy. Like $25 and then even junk
• 26:12
  silver, the constitutional 90% silver.
• 26:15
  I mean, it doesn't take a lot to upset the apple cart when it
• 26:19
  comes to especially investment grade silver.
• 26:22
  No, it really doesn't take much at all to put much pressure on
• 26:26
  this market. I remember I had put in an order
• 26:29
  in that time period and it took a long time for me to get my
• 26:33
  stuff. So that there's really only so
• 26:36
  much. Well, that's because they had to
• 26:37
  get. They had to find a. 40 foot
• 26:39
  trailer truck to deliver all that silver you bought.
• 26:44
  Right, yeah, I was filling up my vault.
• 26:46
  Yes, exactly. Yeah.
• 26:51
  So if you wanted to pull up that other side, I just decided to
• 26:54
  make AAI mean. It's a pretty crude image here,
• 26:59
  but I did want to let people see what this would kind of look
• 27:01
  like. Now.
• 27:02
  This is based on average size professional soccer field in
• 27:06
  Europe. So this is the most common size
• 27:09
  that they are. They're 105 meters long and 68
• 27:12
  meters wide. So if you took that 49% out of
• 27:18
  that 50 not 5m cube, you'd end up with a cube that was 28.5
• 27:23
  meters. If you can imagine that Gray
• 27:25
  area being a cube and and that's it, that that's all that there
• 27:29
  is and that's. That's all the silver.
• 27:31
  Hold on, hold on. Wait a minute.
• 27:33
  That's you're telling me that's all the silver that is right now
• 27:37
  above ground in the world, but based upon the best data that we
• 27:41
  can that we can assimilate at this point is that go ahead.
• 27:45
  Yes, that's correct. And I mean it would probably be
• 27:48
  a little smaller from from military use, but yeah, based on
• 27:52
  the data that we have, that would be it.
• 27:54
  That's that's all that we didn't.
• 27:55
  Work with that, Brian. So you're telling me that like
• 27:58
  if I think of, I mean, look, I played soccer, so I know it's,
• 28:00
  but let's say I think of a football field in 30 yards,
• 28:04
  right? That's easy to visualize, 30
• 28:06
  yards in a football field field and then by another 30 yards by
• 28:10
  about possibly 30 yard. That's all the silver that's
• 28:14
  crazy to think about that of, of all throughout history, all the
• 28:20
  silver that was mined right? And then half of it or so was
• 28:24
  lost for use. Whatever all that's left right
• 28:26
  now could be in that roughly that 30 yard rough by 30 yard by
• 28:31
  30 yard. We don't realize how little
• 28:33
  silver there is. I mean, I'm part of it, part of
• 28:36
  it sitting in your basement. I know and I'm and you know, I
• 28:38
  don't keep hardly any silver at my house here, but.
• 28:42
  You know, it's kind of crazy to I am looking at an American
• 28:45
  Silver Eagle to think that my silver eagle's in that cube,
• 28:48
  right? Is that would that be safe to
• 28:50
  say? Yes, that's correct.
• 28:52
  So everybody watching this would include your personal stacks as
• 28:55
  well. Any jewelry that you own, it
• 28:57
  would be in there. Wow.
• 28:59
  That's all of it. All the all the silver for all
• 29:02
  of the 8 billion humans on the planet.
• 29:04
  Wow, wow, wow. All right.
• 29:06
  What else you got for us, Brian? You're the silver man.
• 29:09
  We love hearing from you. Well, yeah, it's it's great to
• 29:13
  be out here speaking with you guys now if you wanted to to
• 29:18
  pull up that third slide. Wow.
• 29:20
  We have another slide. You're prepared.
• 29:22
  This one here. Sure.
• 29:24
  You know what? We could do that one.
• 29:26
  OK. Or do you want to do this one?
• 29:27
  We'll come. Back to that one.
• 29:28
  Either one's fine. OK, either one's fine.
• 29:32
  So this is from a Sprott Money article from 2021, and you can
• 29:36
  see that about 21% of silver demand that year went into
• 29:40
  jewelry. And a lot of jewelry, you know,
• 29:44
  has been made over time. Now the thing with jewelry is as
• 29:49
  stackers that that we need to keep in mind, jewelry has
• 29:52
  usually has a markup of about 300%, you know, So this is
• 29:57
  something that you know, you can enjoy.
• 29:59
  And I'm not saying not to get jewelry or to get jewelry.
• 30:03
  This isn't financial advice. But when it comes to investors,
• 30:07
  they're going to get a lot more silver per dollar they spend
• 30:11
  with investment grade silver with, you know, 3 or 4 nines
• 30:14
  fine bullion. So that's likely what they're
• 30:17
  going to go after. And not a whole lot of it goes
• 30:21
  into investment grade coins and bars.
• 30:24
  As you can see here in this chart, it's only about 18%.
• 30:27
  Yeah, that's what caught my attention.
• 30:29
  Only 8. This was 2021, but I know it's
• 30:32
  roughly the same right now that only one in five of every one in
• 30:37
  one in five of every oz that is I guess demanded during the
• 30:43
  course of the year. Only 20% of it roughly is going
• 30:46
  into coins and bars, correct? Yes, that's correct.
• 30:51
  And I I think that this chart really lets us see, if you can
• 30:54
  imagine, I thought a whole bunch of people started piling in to
• 30:58
  silver at the same time, you know, why the market can get so
• 31:02
  cornered so quickly like the examples you had given earlier?
• 31:06
  Yeah. Because you got 1, you got you
• 31:10
  got one. I can't.
• 31:11
  I don't have a voice. You have one in five people are
• 31:13
  one in five. Oz only going to the investment
• 31:16
  and hold on one second. Yeah, you bet.
• 31:20
  And on top of that, we are in a different world right now than
• 31:25
  any other time in history when it comes to buying silver for
• 31:29
  your average retail investor because news spread so quickly,
• 31:33
  number one, right. And so we get these situations
• 31:37
  that pop up and instead of watch hearing about it on the five O
• 31:41
  clock Evening News or at the water cooler at work, people get
• 31:45
  instant information. But what's even crazier Brian
• 31:48
  and why and why these the inventories can get can get
• 31:52
  wiped out immediately is because in 19 80 when silver went to $50
• 31:57
  per oz, you had to get in your station wagon drive to the local
• 32:01
  coin shop waiting time to get your silver today.
• 32:05
  Right now you and I in the next 5 minutes could buy like 6
• 32:09
  monster boxes of American silver eagles online.
• 32:12
  You know what I mean There's no longer this like need to go to
• 32:16
  AI mean the coin shops are great.
• 32:17
  I'm not putting them down but people are able to buy stuff
• 32:20
  instantly as well. They get the information
• 32:22
  instantly and they can buy stuff instantly.
• 32:25
  And I think that's why you get these like Sunday nights where
• 32:28
  the silver inventory gets wiped out over a weekend.
• 32:31
  You know, we've had that a couple times as I remember in
• 32:33
  the last four or five years. It's a different world that
• 32:36
  we're. Living, yeah, it can move so
• 32:39
  fast nowadays. And when you see like that
• 32:43
  mainstream article from CNN about gold, when you start to
• 32:46
  see more of these articles come out about silver, that could be
• 32:50
  something that we'd be looking at would be, you know, a few
• 32:53
  100,000 people, maybe a few million people come across a
• 32:56
  couple of these articles or news stories.
• 32:59
  And if they all decide to go buy one weekend, I mean they they
• 33:02
  could wipe it out basically instantly.
• 33:05
  Yeah. And we don't even need that.
• 33:06
  We buy, I buy. So the silver I bought over the
• 33:09
  years is for a long term generational investment.
• 33:11
  But the reality is that, right that we've got this massive
• 33:14
  deficit, we've got a very delicate retail investment
• 33:19
  market that can get that can get like wiped out in in an hour or
• 33:24
  a day, which is has proven to be the case.
• 33:27
  I mean, it's whether for me, whether I'm looking at a short
• 33:31
  term or long term. I, you know, now that I'm
• 33:33
  talking to you and I've been, I'm thinking about the soccer
• 33:36
  field or football field. With that, I mean, I feel I feel
• 33:39
  even better about the fact that I love silver.
• 33:41
  Brian, thank you. You bet.
• 33:43
  Absolutely. And you know what?
• 33:46
  What I think is important to bring up too is silver is unique
• 33:51
  and replacing it might not be as easy as it seems.
• 33:55
  If you can imagine today virtually all electronic devices
• 33:58
  have a little silver in them. So it's in all of our TV's, our
• 34:02
  remote controls, it's in our computers and our smartphones,
• 34:06
  all of our phones. It's, and it's not much, it's
• 34:08
  about .34 grams in each smartphone, but it's also in
• 34:14
  electric cars, printed circuit boards and electrical contacts.
• 34:18
  So we're all using a little bit of silver to watch YouTube right
• 34:21
  now. It's in our computers, we're
• 34:23
  using it to communicate with each other.
• 34:25
  So it's in it's in everything. And redesigning all of these
• 34:31
  devices to use something else would be very challenging for
• 34:34
  these companies. And you know, something that the
• 34:38
  Silver Hermit had pointed out, this isn't something that
• 34:40
  they're going to want to do. So the the price will need to
• 34:43
  move up a lot more before they actually try and do that.
• 34:46
  So the demand for silver in industry isn't going to go away
• 34:48
  anytime soon. Before they that's called
• 34:51
  thrifting. Thrifting, like they get thrifty
• 34:54
  and they try to reduce the amount of silver and they tried
• 34:56
  that with solar panels and it when I understand it didn't work
• 34:59
  out too well and we didn't even talk about solar panels or or
• 35:03
  right these new batteries that Samsung is apparently going to
• 35:07
  be rolling out in Toyota's Lexus brand I think next year.
• 35:10
  It's that soon the solid-state batteries that the reports we're
• 35:14
  getting are going to use almost like what a kilogram of of
• 35:19
  silver there are. But a 30 oz roughly what's what
• 35:23
  it Yeah. Is that right?
• 35:25
  Per per battery and, and those things are, are really cool.
• 35:29
  I mean, they're, they're talking about a nine to 10 minute charge
• 35:32
  time and a 600 mile travel distance for electric cars with
• 35:36
  those, which I think will really change the electric car
• 35:39
  industry. If you can imagine, you know,
• 35:42
  driving for, I don't know, six hours or whatever and you stop
• 35:47
  for 9 or 10 minutes at the gas station.
• 35:49
  That's a pretty typical stop at a gas station.
• 35:53
  You might use the bathroom, wander around, get some food and
• 35:55
  something you'd come out and your car would be charged.
• 35:58
  So it would be very similar to the gas powered cars today.
• 36:02
  A lot of these electric cars, people have to end up sitting
• 36:06
  there for hours after only going 300 miles.
• 36:09
  Yeah, I saw. One of my neighbors one morning
• 36:11
  I was getting Donuts with my daughters at the grocery store
• 36:14
  and he pulled up and I was Tesla.
• 36:15
  I didn't even know it was my neighbor.
• 36:17
  And I'm like, that's a nice looking car.
• 36:18
  One of those older what did like the Model S, the high end one.
• 36:22
  And and I said, OK, I said, how do you like that Tesla?
• 36:25
  And he said, well, I really loved it at first.
• 36:27
  He said. But honestly?
• 36:29
  And he even told me, you know, he expressed he loved it still,
• 36:32
  but he expressed some, some frustration.
• 36:34
  And he was like, when I go on a road trip, I have to stop and
• 36:38
  sleep in the back seat while the while the car's charging right
• 36:42
  in these, in these new solid-state batteries charge in
• 36:46
  like a fraction of the time. That's what I've heard, like 9
• 36:48
  or 10 minutes. They're wider.
• 36:52
  That they go longer and they're actually safer too, right?
• 36:55
  These the there's a problem with these electric cars and fires
• 36:59
  the the the the the risk of that.
• 37:02
  Yes, that's correct. Yeah, I've, I've seen a couple
• 37:06
  where, you know, people caught footage of them burning.
• 37:11
  Yeah. So what?
• 37:12
  About the Russians. Are the Russians coming for us,
• 37:14
  Brian? The silver.
• 37:16
  Are the Russians coming? Yeah, yes, they are.
• 37:19
  What's? The biggest news story in the
• 37:21
  history of the. Universe for silver, the
• 37:22
  Russians are coming. Yeah, that's that's a really big
• 37:25
  1. And I just wanted to make one
• 37:27
  more point on industry. Now I'm afraid of the Russians,
• 37:30
  but go ahead, I'll let you go. Ahead, I'm very concerned about
• 37:35
  what they're doing. This is an example.
• 37:38
  Gold could be a good replacement for silver for electrical
• 37:41
  contacts, but gold cost $2750 an ounce.
• 37:46
  So they're not going to try and replace gold with silver for
• 37:50
  electrical contacts anytime soon.
• 37:51
  So I think silver has a very firm place in industry and and
• 37:57
  that demand for industry is going to stay there.
• 37:59
  Let's look at the gold to silver ratio then we're going to get to
• 38:02
  the Russians. But this are are you showing on
• 38:04
  this chart here like the average gold to silver ratio over some
• 38:10
  of the past years, is that what we're looking at?
• 38:13
  Yes, that's correct. So this is the gold to silver
• 38:15
  ratio over the last 20 years and I drew a line in right about 55
• 38:21
  to one for the gold to silver ratio.
• 38:25
  And I do want to say it's, it's great to see silver breaking out
• 38:28
  or back over 34 this morning. I know on days like this, a lot
• 38:33
  of folks can wonder where silver's price could go.
• 38:36
  And when thinking about silver's price potential, I like to look
• 38:40
  back over time and, you know, look at charts like this.
• 38:43
  And I also like to consider the gold to silver ratio, as you can
• 38:49
  see, but by where I drew that line in the past 20 years,
• 38:52
  there's been a pretty decent amount of time that silver has
• 38:56
  been at or below 55 to one. And if it was at 55 to 1 today,
• 39:02
  that would make silver's price about $50.00 an ounce.
• 39:06
  Now I'm not sure where gold's price would be, you know if what
• 39:10
  you know when we get back to this 55 to one ratio, but it
• 39:13
  would probably be higher than that.
• 39:16
  Yes. So that's a good point.
• 39:18
  I mean right now because I did it on my before you, I did
• 39:20
  checked it on my calculator as well.
• 39:22
  If we had a 55 to one gold to silver ratio, we would be at $50
• 39:28
  silver. A 55 to one gold to silver ratio
• 39:31
  from any historic perspective, the last probably 20 years, 30
• 39:36
  years is not out of the question.
• 39:39
  It's actually very reasonable. And that would be $50 silver
• 39:44
  right now. But if you go back, and I'm not
• 39:46
  going to bore everyone by pulling it up, but I've got
• 39:49
  these long term gold to silver ratio charts from like the
• 39:52
  Polyphonesians and the Roman Empire.
• 39:55
  And even up until let's say like a hundred, 150 years ago, the
• 39:59
  numbers were more like 8:00 to 1:00 or 12:00 to 1:00 or 15 to
• 40:03
  one. Sometimes it was like 3 to one,
• 40:05
  right? If it was 3:00 to 1:00, we'd
• 40:07
  have $900. Right, absolutely.
• 40:11
  And I do like to say this when when I come into the basement,
• 40:15
  when Saint Louis was the king of France, the gold to silver ratio
• 40:19
  was 12:50. Yeah, yeah.
• 40:22
  So that's something folks can think about when they when they
• 40:24
  join you in the basement. And of course we see it that it
• 40:28
  got all the way down to 40 to one on this chart in the last 15
• 40:33
  years. So I, I agree with your
• 40:36
  conclusion. The 55 to one is very
• 40:38
  reasonable. We could see it get down to 40
• 40:41
  to one. And you know, if it was at that,
• 40:46
  at that ratio right now, that would make silver's price about
• 40:49
  $68.75. Yeah, yeah, it's, it's not AI
• 40:55
  think the key is it's not out of the question.
• 40:58
  It's not unreasonable. It's not crazy talk to say that
• 41:01
  we should have $50 silver or that we should have, you know,
• 41:06
  these higher prices. People think, oh, you're you're
• 41:08
  a pumper or you're this like, no, I'm just looking at actual
• 41:12
  numbers, looking at the data. What about the fact that during
• 41:15
  the 1970s, right, which wasn't that long ago, I was alive.
• 41:19
  I'm not that old yet, but during the 1970s, silver went from
• 41:23
  $1.50 all the way to $50 per oz. That's like, I don't know, 30
• 41:27
  times, almost more than 30 times.
• 41:29
  I mean, this is this. It's not out of the question.
• 41:32
  I heard somebody say something very interesting about that
• 41:34
  1970s run. And it was people like with gold
• 41:38
  will say, yeah, but you couldn't own gold and until 1976, which
• 41:42
  blows my mind. But our 75 when whoever, any
• 41:45
  President Ford made it legal to own gold again.
• 41:48
  But you could own silver during that period.
• 41:50
  So that. That explosion.
• 41:53
  And in price was not because of this new found ability for
• 41:56
  people to be able to own physical silver.
• 42:00
  You know, I mean, these these returns, I know and I'm not, you
• 42:03
  know, look, I mean, it seems crazy to think even $50 silver,
• 42:08
  I understand feels like a a little crazy.
• 42:10
  But when you just look at numbers and in recent, recent
• 42:13
  history, right, we're not going back to BCD, no, not that long
• 42:18
  ago, right? And you know, but I think we've
• 42:20
  been, we've been so conditioned into this system over the last
• 42:26
  number of decades. I'll say that politically
• 42:28
  correctly that, that to think that the silver price of the,
• 42:32
  you know, I mean, you know, look at what the look at, look at
• 42:35
  the, the price of Microsoft stock went up 10X over the last
• 42:38
  15 years or more, right? Why can't?
• 42:41
  Why can't silver go up 10X? Yeah, absolutely.
• 42:44
  We've been traumatized by the activities on the commodities
• 42:47
  exchange in the paper market. And so people don't don't
• 42:50
  believe it's possible. But these are facts and and this
• 42:54
  is from recent history and this can happen.
• 42:57
  And one more little tidbit on the amount of silver that's
• 42:59
  available. They say that if you evenly
• 43:02
  divided all of the available bullion grades, so 3 nines finer
• 43:06
  finer silver evenly among all people, everyone would get what
• 43:12
  about one silver half dollar? That's about how much silver is
• 43:18
  available per person. About 1/2.
• 43:20
  In the world. In the world, yeah, if you if
• 43:23
  you divided it among all 8 billion people on the planet.
• 43:26
  So less than 1/2 ounce basically?
• 43:29
  Yeah, less than 1/2 ounce per person.
• 43:30
  One of these per person. Wow, looks like you got them
• 43:33
  beat. I'm I'm a little head of the
• 43:37
  power curve. Yeah, yeah.
• 43:39
  So, so, so with everything going on, right, with the silver
• 43:42
  market, everything going on in the world right now, right, we
• 43:46
  get these major developments news, big news couple weeks ago
• 43:51
  from Russia. What did you hear?
• 43:53
  What did you read into this, this report that the Russian
• 43:56
  government, the Russian Central Bank, is not only going to be
• 43:59
  buying gold and some other metals, but also going to be
• 44:01
  buying silver? Well, I think it's really
• 44:05
  interesting. For the first time, Russia has
• 44:08
  explicitly mentioned that one of the reserve assets it's going to
• 44:13
  be purchasing in its recently outlined budget is silver.
• 44:18
  The Russian Central Bank is planning on continuing to add
• 44:21
  gold, platinum, Palladium, I believe, and for the first time,
• 44:26
  silver to their list. Yeah, this is an entirely
• 44:32
  unprecedented. In the past, the US government,
• 44:36
  you know, has had has bought silver.
• 44:38
  The central banks in India and Mexico have previously held
• 44:41
  silver as reserves. But this is all new for Russia.
• 44:47
  And Russia, and Russia is kind of the leader of the pack when
• 44:50
  it comes to obviously de dollarization, development of
• 44:55
  the bricks, development of the bricks with the kind of their
• 44:57
  own payment systems, their own. I mean, it's a big, it's hard to
• 45:01
  get a firm grasp on what's really going on.
• 45:03
  But what we do know is going on is that Russia and the United
• 45:07
  States are enemies at this point.
• 45:09
  And, and that Russia is I, I feel like kind of the de facto
• 45:14
  leader of the BRICS movement, which is explicitly stated they
• 45:19
  want to move away from the dollar.
• 45:21
  So when we hear Russia saying, oh, and, oh, by the way, now
• 45:24
  we're going to start buying silver now, you know, we don't
• 45:26
  know how much and we don't want to overplay this or, you know,
• 45:29
  get too fantastic about it. But when we consider all the
• 45:34
  aforementioned points and then also consider that they
• 45:37
  explicitly said in writing that we are going to buy silver,
• 45:41
  that's a big deal in my book. That's a big deal for.
• 45:44
  Silver and silver investors. Yeah, it, I mean, you know,
• 45:49
  they're a big government that the, the IMF has recently
• 45:52
  upgraded Russia to the world's fourth largest economy.
• 45:56
  So depending on how much they buy, I mean, they, they could,
• 46:00
  they could really 'cause the, the silver squeeze to get going
• 46:05
  if they buy enough. And and of course, they would
• 46:07
  have the funds to apply the level of pressure on the silver
• 46:11
  market needed if they chose to, you know, to to really 'cause
• 46:15
  the silver squeeze to break out. And you're and you're forgetting
• 46:20
  something, Brian. You're forgetting something
• 46:22
  very. Important.
• 46:24
  What was that? Yeah, the Room X.
• 46:26
  Have you heard of the Room X or the Room X?
• 46:29
  Yeah, the new exchange they're talking about.
• 46:31
  Yeah, Yeah. I'm not too familiar with it
• 46:33
  next yet, but but that, that is really interesting.
• 46:38
  Yeah, there's a Reuters article that that that they've
• 46:41
  explicitly have said now they are definitely going to start
• 46:44
  their own metals exchange because basically they're fed up
• 46:48
  with the COMEX and the LBMA. They're fed up with how you know
• 46:53
  price discovery is has been achieved within the metals
• 46:56
  markets over the last several decades.
• 47:00
  Well, I, I think that that, you know, that's going to make the
• 47:03
  Western governments really uncomfortable.
• 47:05
  They've had the power position as far as using the paper
• 47:09
  markets as a price setting mechanism.
• 47:13
  I think it's 797,000,000 paper oz that they're short right now.
• 47:22
  And, and so, you know, that's almost a A1 year supply of
• 47:26
  silver that gets mined. You know, they say it's about
• 47:29
  850 million oz. So, so that's an impressive
• 47:32
  amount of pressure that they're able to put on the silver market
• 47:35
  without having to have much exposure to the physical metal
• 47:40
  or, you know, whether it's in an approved vault or they're
• 47:42
  borrowing it from someone or, or anything like that.
• 47:46
  They, they just don't even have it.
• 47:48
  They they estimate it's 408 contracts for everyone.
• 47:51
  Oz. Yeah, yeah, it's crazy.
• 47:54
  Yeah. Let's run out right now and take
• 47:55
  a look. We need to take our date.
• 47:56
  We got to go on a field trip. Brian, you want to come with us
• 47:59
  here? Let's go.
• 48:00
  We're going to we're going to go out to the US debt clock and
• 48:03
  let's pull up that number that you just talked about, which is
• 48:08
  down here. Yeah, 409 paper to silver ratio
• 48:12
  right now is 409 to one. There's 409 paper Unicorn fart
• 48:17
  dust, whatever you want to call it, make believe electronic
• 48:20
  claims on each one ounce of silver.
• 48:23
  That'd be like if you ordered, you ordered a Big Mac from
• 48:26
  McDonald's and you showed up at the drive through to get
• 48:29
  delivery and they said, sorry, we sold that same Big Mac 409
• 48:32
  times. We didn't think you were.
• 48:34
  We didn't think you were really going to show up, Brian.
• 48:36
  I I like that example. Yeah, yeah.
• 48:39
  Here is the other one I've been pointing out a lot.
• 48:41
  The dollar, I don't know if you've been following this, the
• 48:43
  dollar to silver ratio is now sitting at 945.
• 48:48
  And what that means is for each one ounce of silver that's mined
• 48:52
  every year, that's produced every year for each one ounce,
• 48:56
  OK, there's 945 paper dollars being created via the M2 money
• 49:02
  supply, which measures like bank accounts and, and money market
• 49:06
  accounts and all that. That's astounding, right?
• 49:09
  And that number's been skyrocketing.
• 49:11
  Last week, it went from like 700 all the way up to 900.
• 49:15
  And just like a year ago, there was all this fervor in the
• 49:18
  silver and gold community because that number was actually
• 49:20
  at 0 for a little while. So the government is massively
• 49:24
  expanding the money supply as of late, and unfortunately they
• 49:28
  can't massively expand the silver supply at the same time.
• 49:32
  That's, that's a good point. I remember it being at zero and
• 49:35
  there was a bunch of posts online about it and people were
• 49:37
  talking about what it meant and everything.
• 49:40
  So yeah, they they, they have. Really.
• 49:41
  Yeah, it got it. Got huge play in the YouTube
• 49:44
  silver and gold community. You know, one more thing about
• 49:48
  Russia, I want to show you real quick, I, I discovered this the
• 49:52
  other day is because we were talking about Russia with
• 49:54
  silver. So the US, our debt right now is
• 49:57
  35 trillion, which I want to remind everyone 11 trillion is
• 50:03
  equal to 1,000,000 * 1,000,000. So we've got 1,000,000 *
• 50:07
  1,000,035 times as our national debt.
• 50:11
  But if so, I we're at about, we'll say 36 trillion.
• 50:15
  We got to the world. That clock shows all the
• 50:18
  different countries. And when you look at Russia, I
• 50:21
  pointed this out yesterday, look at Russia down here that now
• 50:25
  they're, they're GDP and everything is a fraction of ours
• 50:28
  as well. But just in terms of debt, there
• 50:31
  are $435 billion in debt. It that that's like 1.3% of what
• 50:37
  we have in the United States. Wow, so that they're being a lot
• 50:42
  more careful with not letting their debt get out of control.
• 50:46
  Yes, yeah, yeah, it's crazy. It's.
• 50:48
  Managing their money much better.
• 50:49
  Maybe that's part of the reason they just got upgraded to the
• 50:52
  world's fourth largest economy, according to the IMF.
• 50:56
  Yep, Yep, Yep. And all this bricks development,
• 50:58
  Yeah, they're the IMF says they're the but based on PPP
• 51:02
  purchasing power parity. They also say that China's
• 51:06
  economy and by that's this is the IMF.
• 51:08
  China's economy is actually number one in that ranking.
• 51:12
  I think it goes China, United States and maybe was India in
• 51:17
  there. It was three of the bricks,
• 51:18
  three of the four bricks and then and then Russia as well.
• 51:21
  So it's getting crazy. You want to stick around here
• 51:24
  for a few more minutes, Brian, while we wrap things I got, I
• 51:26
  want to show some banking, some crazy data about how the banks,
• 51:31
  you know, could potentially fail in this country.
• 51:33
  You got a few minutes. To stick around?
• 51:34
  You bet. Absolutely.
• 51:35
  OK, hold on one second. Let me let me pull you up on the
• 51:38
  screen with this. I found this last night and it
• 51:44
  just blew me away the amount of unrealized make sure I got this
• 51:48
  up, which I don't. Here we go, unrealized bank
• 51:51
  losses, breaking news from bar chart.
• 51:54
  OK, the US banks are now sitting on real estate losses.
• 51:58
  OK, Real estate losses of $750 billion as of the end of the
• 52:04
  third quarter. So as of September 30th, 2024,
• 52:06
  seven 150 billion losses, that is 7 times larger than the total
• 52:14
  was during the great financial crisis, which was brought on by
• 52:19
  a, by a collapse in the real estate market.
• 52:22
  Does that Is that shocking or what?
• 52:24
  Yeah, that's, that's very shocking and and it it's really
• 52:27
  concerning. You know, a lot of this was
• 52:31
  brought started to come to the attention of the public when
• 52:34
  they were doing the rate hiking cycle and you know, they've only
• 52:38
  gone down 50 basis points or or half a percent, you know.
• 52:43
  Oh, no, I got some. I got the I'm going to, I'm
• 52:45
  going to, I'm going to really scare you, Brian, in a few
• 52:47
  minutes, but go ahead. You're right.
• 52:49
  But I got to know something else that we need that you and I and
• 52:51
  the viewer need to think about in that regard.
• 52:53
  And I'm sorry I interrupted you, but go, go ahead.
• 52:56
  Oh yeah, no sweat at all. So some of these loans for these
• 53:00
  these big commercial properties, these big office buildings that
• 53:04
  have these really high vacancy rates right now are still going
• 53:07
  to be they're going to need to be getting refinanced even in
• 53:12
  the time period we're in now. You know, occasionally it's
• 53:14
  going to come up and the interest rates for them, you
• 53:18
  know, they haven't gone down that much, not enough to make a
• 53:21
  difference at this point. So we're really in in quite a
• 53:25
  pickle. I know a lot of folks felt like
• 53:27
  they should have kept raising rates for longer and that they
• 53:31
  kind of, you know, capitulated probably to pressure from Wall
• 53:34
  Street and started lowering rates before they should have
• 53:37
  just to stimulate the economy. But now, you know, we could be
• 53:40
  facing higher inflation because of that.
• 53:42
  And then we're we're still going to have a problem with some of
• 53:44
  these these big buildings. So it's really concerning.
• 53:48
  Yeah. And you bring up, you brought up
• 53:49
  a great point, OK, because there's two big problems that
• 53:52
  the banks have. They've got their problems with
• 53:55
  their unrealized losses on their bond portfolios, OK, that's
• 53:59
  number one. Number 2 is what we just talked
• 54:02
  about. They've got big unrealized
• 54:05
  losses on these property loans. I mean, these buildings, there's
• 54:09
  one in Saint Louis, the AT&T building, and they're selling
• 54:11
  for some of these buildings are selling like for a nickel on the
• 54:14
  dollar because nobody wants them.
• 54:16
  There's just big empty building. What are you going to do with
• 54:18
  it? Nobody wants to rent it.
• 54:19
  It's just a big liability basically.
• 54:22
  OK. But you brought up a great
• 54:23
  point, Brian and that is they can hide from the bond mark
• 54:27
  their bond portfolio losses and I think and hide from that, but
• 54:31
  they can't hide from the real estate problems because as you
• 54:34
  brought up and I'm so happy brought that up, those get
• 54:37
  renewed. Those are usually 357 year
• 54:40
  loans. Those are those need to be
• 54:43
  refinanced, OK? They're forced to refinance
• 54:46
  those. And at that point is, I would
• 54:48
  understand it as someone who worked as an accountant and I
• 54:51
  never really like banking accounting, but I did study it
• 54:54
  that they're going to be forced to recognize some of these, that
• 54:57
  750 billion in losses over the night, cuz it rolls, right?
• 55:01
  Like there's going to be a certain amount of those loans
• 55:03
  that need to be refinanced this year.
• 55:05
  And they're going to be like, oh, crud, you know, we loaned
• 55:08
  this guy 100 million on this property, but it's only worth 13
• 55:12
  million now. Whoa, whoa.
• 55:14
  We, we got a, you know, I mean, and all those will every day,
• 55:18
  every day more and more that will be kind of manifested as
• 55:22
  they have to renew those loans that I don't see the commercial
• 55:25
  real real estate market getting any better.
• 55:28
  But on top of all those losses, there's massive losses on their
• 55:33
  bonds. And then there's something even
• 55:35
  crazier if you think about this on their bond portfolio, right?
• 55:38
  Because they, they bought, they took Brian, your bank took your
• 55:41
  money three years ago and said, thank you Brian, for depositing
• 55:45
  $250,000 with us. And they take that money and
• 55:49
  they bought U.S. Treasuries at the time we're
• 55:51
  paying 3% and they thought, well, we'll pay Brian nothing
• 55:54
  and we'll make 3 percent. Everything's hunky Dory until
• 55:58
  interest rates went up, at which time the value of those bonds
• 56:02
  went way down, right? And so they're sitting on that.
• 56:06
  But here's, here's the last point I want to make that, that
• 56:09
  that is, is a reality of what's going on right now.
• 56:13
  Interest rates, I know everybody says, oh, interest rates are
• 56:15
  going down. No, interest rates have gone up
• 56:17
  by 1/2 percent over the last month.
• 56:19
  The 10 year Treasury bond has gone up from like 3.75 to 4.25.
• 56:26
  So that is is going to exacerbate many of these
• 56:29
  problems in the commercial real estate arena and with these
• 56:34
  massive unrealized losses because every when interest
• 56:37
  rates go up, the value of bonds go down.
• 56:39
  You aren't going to walk into your bank.
• 56:40
  I always tell everybody you aren't going to walk into your
• 56:42
  local bank. They're going to have a big
• 56:44
  placard up telling you about the platinum checking and the gold
• 56:47
  checking. They always name their checking
• 56:48
  accounts after precious metals, I've noticed.
• 56:50
  But anyway, they aren't going to have a big placard up saying,
• 56:53
  hey, we just want to warn you, our bond portfolio has lost 35%
• 56:57
  of its value in the last year, you know these.
• 57:01
  Banks. Are they're hiding it?
• 57:03
  It's Disneyland. It's Disneyland accounting.
• 57:06
  The banking industry is living in La La land.
• 57:09
  It's it's I, I've heard somebody call it this back during the
• 57:12
  great financial crisis. It's Disneyland accounting.
• 57:16
  You know, it'd be like, it'd be like you, Brian, if, if, if, if
• 57:20
  you know Grandpa Eddie or Uncle Eddie, you know, you inherited
• 57:26
  $1,000,000 from your wife's grandpa or uncle, whatever.
• 57:30
  And your wife said here, Brian, do something with this.
• 57:31
  And you bought a bunch of stocks and what not.
• 57:34
  They went down by 40% and you're like, oh boy, we're in trouble.
• 57:38
  We lost 400 grand, but you're like you just you, you just tell
• 57:42
  your wife, well, we don't have to worry about it.
• 57:43
  We don't, you know, we don't have to worry about till we sell
• 57:45
  it. No, it's real, right?
• 57:47
  Because if you wanted to sell, you'd have the loss.
• 57:49
  But you could just be living in La La Land saying, well, it's
• 57:52
  everything's OK, everything's great.
• 57:54
  And that's what the banks are doing right there in La La Land.
• 57:57
  But I digress. I mean, I've heard some smart
• 58:00
  people like Lynette Zhang and other people say basically all
• 58:03
  the banks are are, are illiquid, right?
• 58:06
  I mean, they're, they're broke. But.
• 58:08
  Because they can just kind of, you know, meander along and not
• 58:13
  have to really recognize what the real problem is.
• 58:17
  They're able to stay afloat. And you know, every as long as
• 58:19
  like, you know, like that JP Morgan article I read earlier,
• 58:23
  as long as everybody has confidence and trust in the
• 58:25
  banking system because the Fed will be there to to save the
• 58:28
  day. But, well, I guess if Ron Paul
• 58:33
  has his way or, or the 23 supporters of that bill now, you
• 58:38
  know, that might not be the case.
• 58:40
  Yeah, thank you for sharing your insight on that.
• 58:42
  And I I do think that that's really important for people to
• 58:45
  realize, you know, just because they're still sitting on it
• 58:49
  doesn't mean those losses aren't real.
• 58:50
  If someone bought, let's say Dogecoin, that crypto at the
• 58:54
  peak of its bubble and they're still sitting on it, well, the
• 58:58
  reality is they're not going to be able to turn around and sell
• 59:00
  it for 5 bucks or whatever it went up to.
• 59:02
  They're going to have to sell it for the dollar that it is today.
• 59:05
  And, and so those losses are real.
• 59:07
  And and when you, as you used me for an example, if my wife
• 59:11
  really put her foot down and was like no, go pull the money out
• 59:13
  of that, then I would have to. You you would.
• 59:17
  Realize. A lot.
• 59:18
  Yeah, I've lost a bunch of the money.
• 59:19
  Yeah, Yeah, it's only worth a fraction of what it was
• 59:22
  previously. And so that's the position the
• 59:24
  banks are in. Trust me, I've bought plenty of
• 59:26
  stocks that have gone down 40% over the years.
• 59:29
  Some have gone up 40%, but I've bought the ones that have gone
• 59:31
  down 40% over the years. And whether I've sold it or not,
• 59:36
  those losses are real. You know, I mean, right they
• 59:40
  are, they are so. Absolutely.
• 59:42
  And I really liked your example of the bank.
• 59:44
  You know, they're not going to have a placard and they're
• 59:46
  saying that whatever bank, you know, had to deal with that AT&T
• 59:52
  building that you were talking about, for example, that had to
• 59:54
  deal with that situation, they're not going to tell any of
• 59:56
  their clients. Oh yeah, we, we were the ones
• 59:59
  that had the loan on that AT&T building that lost.
• 1:00:03
  You know this huge amount of profit if they're going to keep
• 1:00:05
  that as quiet as possible. Yep, Yep, Yep, Yep.
• 1:00:09
  The whole, because the whole system is based on confidence.
• 1:00:11
  It's a paper money system. Real quickly, I want to tell
• 1:00:14
  everybody this is Brian's YouTube channel, Mountain
• 1:00:17
  Bullion. I'm always erroneously calling
• 1:00:20
  it Mountain Bullion Entertainment.
• 1:00:22
  I have been rebranded as Mountain Bullion.
• 1:00:24
  You can go to YouTube and put in Mountain Bullion or even
• 1:00:28
  Mountain Bullion Entertainment. You'll get there and check them
• 1:00:30
  out because you, you've been putting out a lot of great
• 1:00:32
  content. I know you've been partnering
• 1:00:34
  with another friend of ours, the Silver Hermit and, and putting
• 1:00:38
  out some great interviews and conversations.
• 1:00:41
  So I'll encourage everybody to go subscribe to Mountain Bullion
• 1:00:44
  Entertainment. Check them out.
• 1:00:46
  Brian's doing a great job. Well, I thank you very much and
• 1:00:49
  I would appreciate everybody checking it out and I do hope to
• 1:00:52
  see you guys over on my channel checking out some of our stuff.
• 1:00:56
  Sounds good. Brian.
• 1:00:57
  Thank you for joining us today. OK, I'm going to sign off with
• 1:00:59
  everybody and I'll, I'll give you a call here in a few
• 1:01:02
  minutes. OK.
• 1:01:02
  Buddy sounds good. Thanks a lot.
• 1:01:04
  Have a great day. Thank you.
• 1:01:05
  And on behalf of our viewers, thank you.
• 1:01:06
  Thanks for everything you brought.
• 1:01:08
  OK. Thanks, have a great day.
• 1:01:13
  All right, guys, there we have it.
• 1:01:15
  Our friend Brian from Mountain Bullion Entertainment.
• 1:01:17
  Let's run out and take a quick look at the silver price.
• 1:01:20
  I'm nervous. Are you nervous?
• 1:01:22
  You maybe you've been checking during the live stream.
• 1:01:25
  OK, let's just press it here. All right, 50-6 cents.
• 1:01:28
  We'll take it. OK, we'll take it.
• 1:01:32
  If we end the day of $0.56 per oz in silver, we're happy.
• 1:01:36
  But thank you guys for joining us.
• 1:01:37
  It is going to be a wild ride here over the next couple weeks.
• 1:01:41
  Remember volatility, It starts with the letter V OK, it can go
• 1:01:46
  up, but it can also come down. The big key is that if the net
• 1:01:51
  at the end of the day that the price of the metals will
• 1:01:55
  continue to go higher and higher.
• 1:01:57
  OK, thank you for joining me. Have a great day.
• 1:02:00
  Thank you for the moderators. Thank you also.
• 1:02:02
  Oh, I need to say thank you to channel sponsor First Mining
• 1:02:05
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• 1:02:08
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• 1:02:12
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• 1:02:16
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• 1:02:20
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• 1:02:23
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• 1:02:27
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• 1:02:30
  Bex.com, have a great day guys. OK.
• 1:02:33
  Thank you and I will see you soon.