Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER** You Best PAY ATTENTION to This! 🦍🦍 (Gold Price Also) - Precious Metals NEWS Update
Transcript
- 0:02You and I have enjoyed an incredible run in the price of
- 0:06gold and. The price of silver.
- 0:09It's been. Great.
- 0:10But we want to talk about where. We can go because where we can
- 0:15go is much, much higher than where we are right now.
- 0:19We're going to talk about some recent developments, all the
- 0:22reasons, all the examples. Why we very well.
- 0:25May be in the. Early innings, Yes, you.
- 0:28And I in the early the innings. Of a big rally.
- 0:32In the precious metals. Hey, look, I.
- 0:35Appreciate you joining me down here in the basement.
- 0:37Thank you. For being here, it's a big deal.
- 0:39Please. Subscribe to the channel, it's
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- 0:44Your friendship alone having you down here with me is worth
- 0:47$1,000,000. So please subscribe to and leave
- 0:50a comment and press the bell thing.
- 0:53That way you get notified every time we go.
- 0:55Live. Let's talk about.
- 0:56All the reasons. Why you and I can be excited
- 1:00about the future. Price of gold and silver and
- 1:03there are many, many things to be optimistic.
- 1:06About the first. Thing I want to share is from.
- 1:08Tavi Costa Tavi Super. Respected Super.
- 1:13Smart person in the precious metal sector.
- 1:16Think about this with silver So. Important we talk about. $50
- 1:20silver Silver hit $50. Back in 1980.
- 1:24Well, I'm 55 years old and I was. 10 years old.
- 1:27How old were you in 1980? I'll ask you that.
- 1:30Question and what? Did $50 buy?
- 1:33In 1980 compared. To what it buys today and
- 1:36there's a big reason why we. Want to pay attention to that
- 1:39because. It has to do with $65 / 80
- 1:43dollars. Silver 100, maybe even 100 and.
- 1:47$50 silver. Measured in today's dollars.
- 1:50But back to Tavi. Tavi said this silver.
- 1:53When measured against the. CPI has just.
- 1:56Broken through a resistance level and don't you?
- 1:59Worry. We've got a chart.
- 2:00And we're going to talk about this $1 billion, excuse me,
- 2:04silver purchase from a world central bank, but silver when
- 2:09measured against the. CPI just broke through a.
- 2:11Resistance level. Held for 46.
- 2:14Years. More importantly, this is the
- 2:17important part even after this breakout.
- 2:19Silver still sits nearly 80% below.
- 2:25It's 1980 peak on this metric. Of course, that assumes CPI is
- 2:31an accurate measure of inflation, which it likely isn't
- 2:35when we account for real Fiat debasement occurring today,
- 2:38driven by one of the most extreme expansions of global
- 2:42money supply in history. Silver remains one of the most
- 2:46undervalued monetary assets in my view.
- 2:50So when you look at this chart and this.
- 2:52Is what he is. Referring to.
- 2:54This adjusts the silver price for CPI as.
- 2:57You can see right back in 1980, we hit a massive peak right now
- 3:04when you adjust. The silver.
- 3:05Price for inflation and go to the other $50 nominal peak in
- 3:112011 you can see. It's at a much lower level.
- 3:15If you Fast forward to today, what you see is we just broke
- 3:21through that yellow. Resistance line when you
- 3:24measure. The price of silver adjusts the
- 3:27price of silver for CPI. And this number, right?
- 3:31To get back up to here which? Is where it was in 1980.
- 3:36It would be. An 80%, it would be a massive
- 3:39increase. It's hard to definitively.
- 3:42Say what that number is. I've heard.
- 3:44That if you adjust the 1980 high in silver.
- 3:47Today's dollars it would. Be 150.
- 3:50I've heard 100. And sixty.
- 3:51Who knows? It's well north of 100.
- 3:53Dollars per oz, that is safe to say.
- 3:56It's important to remember that because when we.
- 3:59Look back at these past, we talked about $50 silver, right,
- 4:03that it's this big. Deal.
- 4:04That's 1980. Dollars $50.
- 4:08In 1980, again, think about how much you need today in today's.
- 4:13Dollars to buy what? You could buy in 1980.
- 4:17With $50. And that's the real.
- 4:20True high silver price that we can look forward to.
- 4:24And things are so much different now than in 1980, so much
- 4:28different geopolitically, so much different.
- 4:31Like Kavi? Said from the.
- 4:32Perspective of the fact. That there's been so much money
- 4:35printing, guys. Just the future.
- 4:37That alone. Gives us a good optimistic
- 4:39outlook for the silver. Price alone, but there's more,
- 4:43there's more, there's more. We got a ton to cover today.
- 4:46Let's go out and look at our friend Hans.
- 4:48Did you ever, ever get the feeling?
- 4:50Like, well, you know. Silver's doing great, but it
- 4:53hasn't really met up to its potential.
- 4:59Maybe you need to? Read what Hanza Sereni says
- 5:01here. You're early.
- 5:03You're not. Crazy silver cannot be printed
- 5:06silver. Cannot be re hypothecated.
- 5:08Silver cannot be. Digitally deleted silver is
- 5:12required for every future. Technology.
- 5:15And if we Scroll down, he runs through some incredible facts
- 5:19about silver. China silver vaults keep
- 5:21bleeding out. Both the Shanghai Gold Exchange
- 5:23and the Shanghai Futures Exchange are seeing drops in
- 5:26their vaults. He says at this pace.
- 5:30China's exchange silver hits empty in roughly 2 months,
- 5:36right? Because remember, China is is
- 5:39consuming massive amounts. Of silver for their.
- 5:43Industry. This is not hype, this is their
- 5:45own. Data thank you chowder wow thank
- 5:49you for that super chat I just. Saw it pop up on my monitor
- 5:52here. Not hype, right?
- 5:54This is China's data. This is their data.
- 5:57Showing us that at this. Rate they.
- 5:59Could run out of silver OK and the first chart from goldfish
- 6:03chart shows. Exports at records high.
- 6:05Record highs Imports. Stagnating net imports deep into
- 6:09the negative and China is now draining its domestic
- 6:13stockpiles. To meet their export.
- 6:16Demands why would a nation running out of.
- 6:18Silver export or silver? Answer Geopolitical leverage,
- 6:22not. Charity.
- 6:23Meanwhile, Europe is hitting the panic button from the gold.
- 6:28Telegraph, the EU. Plans to create a central body
- 6:33to coordinate the purchasing and stockpiling of critical minerals
- 6:37OK I mean guys, it's happening everywhere in the.
- 6:41World he goes. On and on about just
- 6:43unbelievable facts that are changing the the.
- 6:46Atmosphere that we're. Living in.
- 6:49For silver. Now then, we get.
- 6:51This. And I want to.
- 6:52Pull this up for. You just here in just one
- 6:56second, but I want to say thank you again.
- 6:58Hold on, let me. Pull up that super chat.
- 7:01See if I can get that on the screen and that's from our
- 7:04friend. I can't my eyes.
- 7:05Are getting so bad E Chowder. Tio, thank you for the Super
- 7:08chat always super expected, never.
- 7:11Appreciated. And hold on here.
- 7:15Here we go. All right, Thank you.
- 7:16Thank you for that. But what about the look?
- 7:19We know central banks are buying massive amounts of gold.
- 7:22What does that tell? Us.
- 7:23We know what that tells us. Central banks now own more gold
- 7:27than they do US. Treasuries.
- 7:29But what about silver? Isn't that the next natural
- 7:31progression? And we got some big news from.
- 7:35Jesse Day, Who's? Reporting this, here's a
- 7:40screenshot from a. Video Jesse Day is.
- 7:43With Commodity Culture, great YouTube channel, another great
- 7:46place where you can get really great information about silver
- 7:49and gold. But he says big money drops $1
- 7:53billion on gold. OK, That's according to Eric
- 7:58Young. So here's the post.
- 8:01When this first got announced, it says King Kong 9888.
- 8:07That's Eric. Young, super respected guy.
- 8:09In the silver and gold sector has big news on silver one of
- 8:14his. Trusted Sources has revealed a
- 8:16major. Central Bank has purchased.
- 8:19Over. He misspoke here, he said. 1
- 8:22billion oz. And he corrected himself.
- 8:23Later that should. Have been 1 billion.
- 8:25Dollars worth of physical. Silver in a move that could
- 8:29completely transform the silver market.
- 8:33Why could that completely transform the silver market?
- 8:36Real simple guys, because the silver market.
- 8:39Is tiny the silver? Market is a bit of a sensitive.
- 8:42Sally, if you will. Are you sensitive?
- 8:44I'm sensitive. You know, I fully admit it.
- 8:47But the silver market is very, very sensitive and in a very
- 8:53stressed situation right now. If we get big, and apparently we
- 8:58have right, a billion. Dollars worth of silver.
- 9:01Which isn't earth shattering, but if central banks continue to
- 9:05acquire silver and if and when, because we already know.
- 9:10What does this tell? Us There's a reason why this is
- 9:12important. That ETF purchases of silver.
- 9:15Have been very strong. It can throw the whole system
- 9:20into a state. Of well, some people would say
- 9:24chaos, we would say a state of. Jubilation for those of us who
- 9:29have been following the silver market for years and years
- 9:32because of one thing, and that's because that's when physical
- 9:36demand overtakes the paper market.
- 9:40Keith Neumeyer, the. CEO of First Majestic.
- 9:42Silver said it in a recent interview.
- 9:44This recent rally that we've had in Silver is.
- 9:47Different. Right.
- 9:48And the important take away from that.
- 9:50Is that? He said.
- 9:52It's been driven by physical demand.
- 9:54It's not been a short covering rally.
- 9:56It's not been. It's the actual.
- 9:58Physical demand for silver. That has created this very
- 10:02steady. But consistent and joyful.
- 10:05For us to. Experience increase in the.
- 10:09Silver price we've a. Consolidations, consolidations,
- 10:13consolidations at higher and higher.
- 10:16Levels throughout this process. We're going to go look now.
- 10:19Hold on here, boy. We're getting all.
- 10:21Over the place, but OK, let's go look.
- 10:23Now at the an update on the. Silver price, but there's.
- 10:27Something critical that we're going to observe about what's
- 10:31going on between the futures market and the spot market.
- 10:35Let's go take a look first at the spot price.
- 10:38Of silver and. If we go out to here we go.
- 10:43So we're. Right around 50.
- 10:45Dollars per oz. At Kitco.
- 10:48This is the Kitco live chart spot price of silver so just.
- 10:54Right around 50. Dollars per oz.
- 10:56Let's go out and take a look. At the futures price of silver,
- 11:01we'll. Go out to CNBC almost at CNBS
- 11:07$49.77. So we're hugging the $50 range.
- 11:12The big key thing to see here? Is that the spot price of silver
- 11:18is still higher by about. $0.20 right now the.
- 11:23Spot price is higher than the futures price.
- 11:26That is called backwardation. In a normal market?
- 11:30OK. In a normal market.
- 11:32The spot price is lower the spot.
- 11:35Price is the immediate. Price for silver, the immediate
- 11:38delivery all right, that is the. Lower than the.
- 11:41Futures price to. Get it in the future is going to
- 11:44cost you more, OK. But we now are in a very unusual
- 11:48situation where and it's not crazy.
- 11:51And it was a little. Crazier.
- 11:52I don't know a month. Ago. 5 weeks ago.
- 11:55But none the less we are in a situation right now where.
- 11:59The spot price of silver is higher.
- 12:03Than the futures. Price that is called.
- 12:05Backwardation. What that tells us, potentially
- 12:09some people like to. Speculate.
- 12:10Maybe we believe. Maybe you believe it's true.
- 12:14That that signals that. People are worried about.
- 12:17Being able to actually. Get delivery of that silver.
- 12:21In the. Future right there's.
- 12:22Speculation about what might happen in December.
- 12:25There's stress everywhere. In these markets.
- 12:28Are. People waking up take.
- 12:30A look at this. And this tells us something.
- 12:33Very critical about the. General populace and what is
- 12:37going on with silver and I was. Actually shocked to hear I can
- 12:43get the. Right, screen up for you and
- 12:47that's not. It Here we go.
- 12:50This comes from Mike Maloney. 'S gold, silver.
- 12:53Let's see how many. Followers.
- 12:54Do they have? On Twitter, but a lot 35,000
- 12:57yeah, big account. How do I buy silver?
- 13:00Quote UN Quote the question. That search just hit.
- 13:04An all time high record high, even higher than during the
- 13:09financial. Crisis, OK, that's.
- 13:11People searching on the Internet.
- 13:13How do I buy silver? Not just a recent.
- 13:16High A record all. Time high.
- 13:20Ever. People aren't.
- 13:21Preparing. They're chasing price.
- 13:23As the big crisis. Hasn't even started yet.
- 13:27Think about that. OK, think about that.
- 13:30All right, let's just watch a few.
- 13:32Seconds of this video I like I love Mike Maloney and his.
- 13:37The guy that works. For him is great as well.
- 13:39Let's listen to what? They have to say here.
- 13:42Well, this is how you help yourself right here.
- 13:44How? Do how do I buy silver, right?
- 13:49How to buy silver on Google hits a record high.
- 13:51Look, this looks like all the other charts, right?
- 13:52We're higher now than we were during the financial crisis.
- 13:55Like if I didn't tell you what this was, you'd you'd think
- 13:57there's a pattern here. It's it's how do I protect
- 14:00myself from all the economic shenanigans?
- 14:02Right. And the good thing is that this
- 14:05is happening before the the big crisis hits.
- 14:11The stock markets and real estate have not begun to crash
- 14:14yet. But you know, it is time to get
- 14:17prepared. And I think it's good that
- 14:18people are actually. And basically this has been
- 14:21caused by the price run up. So this is the people with the
- 14:24fear of missing out. People cheating.
- 14:26OK. So think about that.
- 14:29The general population is now getting interested in how.
- 14:33To buy silver how do I get silver realize again right the
- 14:39physical retail. Market for silver is so slim.
- 14:43Guys, we could be out of silver lickety split this is.
- 14:48Different now when we look back at 1980, when we look at 2011
- 14:52even and compare it to now 15 years later. 45 years later.
- 14:56The word can spread so much. Faster.
- 14:59With technology. There's two big key.
- 15:01Components as to why? The physical retail silver.
- 15:05Can be stressed out immediately. Number one is communication back
- 15:10in 1980. People talked at work, people.
- 15:13Read newspapers, people picked up their telephone.
- 15:16Remember that right And. Maybe there was touch tone or a
- 15:19lot. Of people, including my house,
- 15:20we still. Used a Rotary dial.
- 15:22Telephone now there's the Internet where information so if
- 15:27people. If a, If a.
- 15:28Frenzy and I'm not trying to create any fear or anything
- 15:32like. That were to occur.
- 15:33If a massive wave of interest. Were to.
- 15:38Focus itself upon silver. That information is being, is
- 15:42being transmitted, is being communicated amongst people
- 15:44instantly. But wait, there's more.
- 15:47Think about OK back in 1980. If you wanted to get silver, you
- 15:52know what you had. To do you.
- 15:53Had to go to. Your local you had to.
- 15:54Get in your cuts, Dr. Cutlass to the local coin shop.
- 15:58Get out. Have your money, have your cash
- 16:00wait in line for. A people talked about.
- 16:03Lines that went that waited hours and hours, right?
- 16:06Some of these coin shop guys up and say they had to go.
- 16:09Out and tell people. You might as well not even wait
- 16:11in line because you're not going to get in.
- 16:13Now think about how different it is.
- 16:16For us you. If you want.
- 16:19To buy silver, right? We could pick.
- 16:21I could. I could.
- 16:21Take this. Thing right here.
- 16:24My cellular telephone, right, And we could buy a monster.
- 16:28Box in 2 minutes. People, not only is the
- 16:32communication happening so much faster.
- 16:35But the ability to. Buy you don't have to get in
- 16:38your cutlass and drive to the local coin shop.
- 16:41No, you can get on your phone and make a purchase literally in
- 16:45minutes. Silver can be wiped.
- 16:47Out super super quickly. It's going to be interesting.
- 16:50OK, now next we're going to talk.
- 16:52About the big Swiss bank. You know the Swiss bankers, the
- 16:55Swiss, right, they have something very interesting to
- 16:58say. Before we do that, I'm going to
- 16:59say thank you to channel sponsors, Sir.
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- 19:00What do you? Say we go here.
- 19:02With the Swiss bankers. Have to tell.
- 19:04Us and they're going to be focused on.
- 19:07The gold price and silver, however, today.
- 19:10They're talking to us. About silver.
- 19:13And here we go. On your screen you can see it.
- 19:17Silver to see quote. Periods of significant
- 19:21outperformance versus. Gold says UBSUBS.
- 19:26Is a massive Swiss bank investment bank one of the
- 19:30biggest and you know, the Swiss? Bankers.
- 19:32Oh, look at that. Is that what?
- 19:33You're holding in your hand right now.
- 19:35Uh oh. What?
- 19:37They're not letting me? Oh, no.
- 19:39Well, nonetheless, we got shut down.
- 19:45Basement dweller. That's basically what they're.
- 19:48Saying is that the gold's going to do?
- 19:51Very, very well. OK.
- 19:52A lot of big banks are predicting that.
- 19:55What UBS said is that silver? Because it's got so much
- 19:59catching up to do, right? Remember, we're still in them.
- 20:01Historically massively high silver or gold to silver ratio.
- 20:06The number of Oz. Of silver that it takes to buy.
- 20:10Takes you to buy one ounce of gold.
- 20:12Is historically super high. In the 80s, nineties even
- 20:15touched on 100 not too long ago, and all the other fundamental
- 20:20reasons that we've talked about ad nauseam supporting silver
- 20:24could make. Silver, gold can do.
- 20:26Well, silver can do even better. People are talking about things
- 20:30like a slingshot move. It's.
- 20:32Super, super interesting. Let's look at some more charts
- 20:35that'll get us tingling when it comes to talking about silver
- 20:40and gold. OK, this another one from Tavi.
- 20:43Costa. Mining stocks couple couple.
- 20:46Big kid takeaways here. Mining stocks went mainstream.
- 20:49Brilliant move. Muddy.
- 20:50Waters, which is a big. Respected financial company made
- 20:54an announcement on CNBC that they bought into.
- 20:58I think it's Snow Line gold. Which is a big.
- 21:00Gold development stage company, Exploration stage company up in
- 21:05Canada, the mainstream people are coming.
- 21:08But what we? I really want to look.
- 21:10At is this as we are, We are so early.
- 21:14That's the. Reason why we're looking at
- 21:16this? Todd, he says this is a useful
- 21:18gauge of how? How far how how far we still are
- 21:22easy for me to. Say from bubble territory in
- 21:25gold in the mining sector. Now I'm going to show you
- 21:27another chart next, which is going to make your hair on your
- 21:31neck stand up when it comes to looking at silver.
- 21:34OK, together they currently. Represent So gold and gold
- 21:38mining sector represent about 5%.
- 21:41Of total global. Assets even with this massive
- 21:45run up that we've had in. The price of gold.
- 21:50Now, now, we're going to get the silver next, don't you?
- 21:52Worry, but here we are, right here.
- 21:54Guys 2000, I'm sharing the wrong screen.
- 21:58Sorry, there we go. You listen.
- 22:01To me, I basically read what Tavi said.
- 22:03Here's the chart that I should have had.
- 22:05Shared on your screen. Sorry about that 4.
- 22:09Percent. That's the amount of total
- 22:13global. Assets represented.
- 22:16By gold and gold mining stocks, look at 198126 percent.
- 22:21OK, look at 19. 4830%. OK.
- 22:26And a couple more examples there as well.
- 22:28Now that's gold. So think about how, under how,
- 22:32how far. This would be.
- 22:35Like to go from. Here up to here up to this level
- 22:40would be what? To get to 20. 8% the.
- 22:43Average between these 228% that would be 7X OK and again
- 22:55remember key for you to remember here, that's gold now.
- 22:59Let's go look at this chart that.
- 23:01Came out from Aaron Catoosa just recently.
- 23:05OK, the silver market is so small compared to others, so
- 23:09remember how small gold was now. Look at, look at silver.
- 23:16Compared to gold, OK. Here's the gold.
- 23:22Mining industry right there. OK, look at silver.
- 23:28Let me let me back that off. Look at the.
- 23:30Silver mining industry can you may not be able to see.
- 23:33It if you're like. Me and.
- 23:35Your eyes are are. Are getting older.
- 23:37It's so small you can. Barely see right that.
- 23:41Little Gray line is the silver mining industry, that's the gold
- 23:45mining industry right there. And but remember, and now this
- 23:49compares those industries. To others.
- 23:51Right here's NVIDIA. What a joke.
- 23:55Hopefully you own the stock and made a lot of money off it.
- 23:58I would buy. Silver mining stocks, but I'm
- 23:59not a financial advisor. Don't make any financial
- 24:01decisions based on what I'm saying.
- 24:04But look how tiny so the silver mining industry is compared to
- 24:10gold. Imagine if this goes 7X.
- 24:14Like we looked at. On.
- 24:16The previous chart, what would that do to silver?
- 24:21The silver mining industry, but also.
- 24:23To the price of silver, I think we got a lot to look forward to.
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- 25:35Use the. Discount code Ron 10 and you get
- 25:3710. Percent off your order.
- 25:39Thanks. For joining me down here in the
- 25:41basement today, guys. It's always a big.
- 25:43Deal when you join me. We got a lot to look forward to
- 25:47with the price. Of silver and gold and I'm going
- 25:50to look forward to enjoying it with.
- 25:51You take care. And I will see.
- 25:53You. Yes, you.
- 25:56Next time, have a good night.