Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 SILVER STACKERS 🚨 - You'll SEE This Different 💥 Massive NEWS for GOLD & SILVER Price!

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🚨 SILVER STACKERS 🚨 - You'll SEE This Different 💥 Massive NEWS for GOLD & SILVER Price! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  The LBMA is telling us something very big about silver.
• 0:05
  China has new big news about silver.
• 0:10
  We've also got some crazy information when it comes to
• 0:13
  gold guys. Everywhere we look, it seems
• 0:16
  like we are heading towards much higher prices for silver and
• 0:20
  gold. But when the LBMA, the London
• 0:23
  Bullion Market Association, right, the original manipulators
• 0:28
  of the silver price and the gold price say something very good,
• 0:32
  very optimistic, very bullish about the silver price, we want
• 0:37
  to pay attention. First I want to say you.
• 0:40
  Yes, you pay. Attention right now, we really
• 0:44
  appreciate you being here. It's a big deal when you join us
• 0:47
  in the basement. We love our little club, our big
• 0:49
  club here, right? Basement dwellers.
• 0:53
  Thank you. Please subscribe to the channel,
• 0:55
  give the video a thumbs up and super chat, super thanks.
• 0:58
  PayPal, donations, any of that stuff never expected, always
• 1:02
  appreciated. Let's go.
• 1:03
  Out to the LBMA. Oh, wait a minute.
• 1:06
  There's something even more shocking about this story.
• 1:09
  This comes from Yahoo Finance. And Bloomberg, yes, that
• 1:16
  Bloomberg, like the leading financial news company in the
• 1:19
  world, they start out talking about gold.
• 1:22
  But there's something hidden in here.
• 1:24
  And this is causing earthquakes throughout the silver industry.
• 1:28
  I first learned about this on Wall Street silver last night.
• 1:32
  But now everybody's reporting this, and it's breaking news and
• 1:36
  it's good news. Bloomberg says the gold industry
• 1:39
  sees bullion surging. 10% in a year to a record high, don't
• 1:44
  forget. This is really about silver, but
• 1:47
  we got to cover we got to cover gold first.
• 1:50
  From Bloomberg Gold is expected to climb to record highs over
• 1:55
  the next year, according to a survey of the bullion industry
• 2:00
  at a major annual gathering. I wonder if that leading bullion
• 2:06
  industry. It was is the.
• 2:08
  Oh, there it is, right there, delegates.
• 2:11
  At the London Bullion Market Association event, also known as
• 2:15
  the LBMA, in Miami, expect the precious metal to rise to 2900
• 2:20
  an ounce by late October next year, about 10% above its
• 2:24
  current levels. The numbers based on average
• 2:27
  forecast from traders, refiners and miners who were surveyed
• 2:31
  over two days at the LBMA conference.
• 2:34
  Guys, this is the LBMAI know most people in the silver
• 2:39
  sector, gold sector have a, let's just say a certain level
• 2:44
  of distaste for the LBMA. We know they've manipulated the
• 2:48
  price of metals for decades and decades.
• 2:52
  So when they say something very optimistic about #1 gold, that's
• 2:57
  a big deal. But when they say something very
• 3:00
  optimistic about silver, which we're going to get to here in a
• 3:04
  second, that's even a bigger deal.
• 3:06
  The green section there talks about how gold is one of the
• 3:09
  strongest performing commodities, yadda yadda.
• 3:12
  We know that bolster by the Federal Reserve shifter cut
• 3:15
  rate, rate cuts, non yielding gold tends to perform better in
• 3:18
  a low rate environment, blah blah blah.
• 3:20
  Investors are increasingly turning attention to the US
• 3:24
  presidential election. Just a few weeks.
• 3:26
  In an interview, Donald Trump defended plans for dramatic
• 3:30
  increase in tariffs, filed more direct consultation with the Fed
• 3:34
  and dismissed concerns over the federal deficit.
• 3:38
  Nobody cares about the national debt.
• 3:40
  We'll go down that path later. Here's where it gets
• 3:43
  interesting. Buried at the bottom of the
• 3:45
  story. OK, Silver.
• 3:48
  Will gain more than 40% in the coming year to reach $45.00 an
• 3:56
  ounce, according to the survey. Let me ask you, my fellow
• 4:03
  basement dwellers, did we read that correctly?
• 4:06
  That's the LBMA. They're having their big major
• 4:09
  conference. They're talking to all the
• 4:10
  traders. They're talking to all the
• 4:12
  members. They're asking them where do you
• 4:15
  see gold? We hear whatever they said 2900
• 4:18
  when asked about silver. And of course, they buried it at
• 4:21
  the bottom of the article, right?
• 4:23
  The, the, the LBMA convention, the consensus is that we will
• 4:28
  see $45.00 silver in 2025. And not only is that a big deal
• 4:36
  because it's coming from the LBMA, right, but it's being
• 4:39
  reported by Bloomberg and being covered on Yahoo Finance.
• 4:46
  So that's something that that that a lot of people are getting
• 4:49
  very excited about. I think it spells right it, it
• 4:52
  tells us that's the LBMA saying this, the London Bullion Market
• 4:56
  Association. I've said that nine Times Now.
• 4:59
  It's a big deal. And we'll keep an eye on where
• 5:03
  that goes. Now what about China, right?
• 5:05
  Let's this new news first. First, the story I believe was
• 5:09
  first broke by the Oriental Ghost on on Twitter, but I've
• 5:16
  got an article here from the Silver Academy saying now that
• 5:20
  China will pay above spot for silver and is buying silver
• 5:26
  concentrate concentrate directly from Mexico, Peru and Bolivia.
• 5:31
  Says by paying about the spot price for silver concentrate
• 5:34
  from Peru, Mexico and Bolivia, they're also achieving another
• 5:39
  significant objective. US weapons and aerospace
• 5:42
  manufacturers have to stand in line.
• 5:45
  This is a big deal that China right probably the one of the
• 5:49
  biggest importers right. One of the biggest demand
• 5:52
  sources for silver is bypassing the COMEX in the LBMA.
• 5:59
  This was in the tweet that I saw yesterday from the Oriental
• 6:03
  ghost in the part that we want to look at me make sure I've got
• 6:07
  you guys up there, which I do here we go is down here.
• 6:12
  This gives all the data how you know China is importing more
• 6:16
  silver than they're exporting consuming a lot of silver.
• 6:21
  OK. But here, right here where my
• 6:22
  little hourglasses in the second paragraph, second sentence.
• 6:26
  According to trading partners, Peru, Mexico and Bolivia are
• 6:32
  still the main importers of silver concentrate in China.
• 6:38
  The combined import volume in the first 3 of of the first
• 6:41
  three countries accounts for 77% of the total or an increase of
• 6:47
  3% over the same period from last year.
• 6:51
  So what we have here is China, OK, importing silver directly,
• 7:01
  silver concentrate, not not refined silver.
• 7:04
  They're refining it themselves. That's what the big deal is.
• 7:08
  They are bypassing the COMEX and the LBMA, and they're going
• 7:13
  straight to the source, buying the concentrate from Peru,
• 7:17
  Bolivia and Mexico. It says this.
• 7:21
  This development has significant implications for the silver
• 7:25
  market, particularly as it suggests a shift away from
• 7:29
  traditional trading platforms such as the Comex.
• 7:35
  By sourcing concentrate directly, China is effectively
• 7:38
  bypassing commodity exchanges, which would diminish their
• 7:43
  influence on price discovery. We've already seen massive
• 7:53
  divergences or disconnect between paper prices and the
• 7:57
  physical silver market. Now we have more complications
• 8:01
  on how silver prices are determined.
• 8:06
  The robust demand driving the imports is strategically fueled
• 8:10
  by China's thriving solar panel and electric vehicle industries.
• 8:13
  This is not just a trend, but a deliberate part.
• 8:17
  Of China's economic strategy, by paying above spot for silver
• 8:21
  concentrate from Peru, Mexico and Bolivia, they're also
• 8:25
  achieving another significant objective.
• 8:27
  US weapons and aerospace manufacturers now have to stand
• 8:32
  in line behind China overall, while these direct imports may
• 8:36
  not have immediate effect on the spot price right, it's not going
• 8:39
  to change it overnight. They highlight the evolving
• 8:42
  dynamics in the global silver market and under score China's
• 8:46
  growing role as a key consumer and influencer in the precious
• 8:51
  metal space. China's domestic silver
• 8:54
  production is in decline. Well, so is Mexico's, right?
• 8:57
  And with this industrial demand, especially for solar panels, the
• 9:01
  country is aggressively securing overseas silver supplies.
• 9:06
  This strategic stockpiling, coupled with China's massive
• 9:09
  consumption needs, post serious implications.
• 9:12
  For the global silver market. OK, there's some sources.
• 9:18
  I think some of this may have came from the J Post as well.
• 9:21
  So what is that telling us? What is the LBMA telling us?
• 9:25
  The London Bullion Market Association is telling us $45.00
• 9:30
  silver next year. What do they know?
• 9:34
  Do they know? They know what's going on?
• 9:36
  They know that China, for instance.
• 9:39
  And what about India? We're not even talking about.
• 9:42
  India, who's imported what, like 250 million oz, 240 million
• 9:47
  ounces of silver so far this year.
• 9:52
  Why is that important? Well, I'll give you one big
• 9:55
  example. Why just India alone is
• 9:58
  important, Because the whole world, the whole mining sector
• 10:01
  in the entire world only produces 800 million oz.
• 10:05
  You have India sucking in. 200 and 3200 and 50 million of that
• 10:11
  800 and we have China now who's saying have fun LBMA, have fun
• 10:17
  Comex. We're going to get our silver
• 10:20
  directly from the world's biggest silver producers,
• 10:24
  Mexico, Bolivia, Peru and then. Right.
• 10:29
  Another reason why this is so critical is we've got the the
• 10:33
  the the, the world and in particular the United States
• 10:38
  military industrial complex that is sucking in silver.
• 10:42
  Who knows how much do you know that in World War 2, they
• 10:46
  estimated that the that the US industry would need 200 million
• 10:50
  oz. This was in 1940 when silver was
• 10:53
  not used as. Predominantly in weapons as it
• 10:56
  is today. So who knows how much of how
• 10:59
  much silver is being demanded by the by the US.
• 11:02
  It's absolutely crazy, but let's go check.
• 11:06
  Let's go ahead and check our friend.
• 11:07
  Let's. Just see what the what the
• 11:09
  silver price looks like in China right now and then we'll take a
• 11:13
  look and see what it looks like here in the United States.
• 11:16
  So here we are at our friend the Oriental Ghost with his daily
• 11:20
  update October 17th, 2024. There is silver AG, that's the
• 11:28
  periodic table abbreviation for silver in the SG E and we all
• 11:35
  know what that stands for. Basement dwellers, the Shanghai
• 11:39
  Gold Exchange and we emphasize the.
• 11:41
  High because the price in Shanghai always seems to be
• 11:45
  higher. In China, the silver price is
• 11:47
  always higher. And that's important because the
• 11:51
  Shanghai Gold Exchange market is a physical market.
• 11:54
  It's not a paper market like the COMEX in the LBMA, right?
• 12:00
  It's not Unicorn fart dust. They if you want to trade silver
• 12:03
  on the Shanghai Gold Exchange, you pretty much got to have the
• 12:06
  silver before you can sell it. Whereas in the United States and
• 12:10
  in London, oh, it's like fantasyland, you can sell silver
• 12:15
  that you don't even own. I mean, it's crazy.
• 12:18
  It's called naked shorting. We've seen reports lately, right
• 12:23
  now, why is this important? It's very important because all
• 12:27
  of the of that silver that they sell, right?
• 12:30
  And we've had reports lately that there's like 600 million
• 12:33
  plus oz short position and the paper markets, all that silver
• 12:40
  needs to be bought back at some point.
• 12:42
  And when they naked short it, they don't even borrow it for
• 12:46
  they just sell it. They just say I'm selling
• 12:48
  silver. I can sell as much silver as I
• 12:50
  want. I can sell silver into Infinity
• 12:53
  until guys until me look you in the eye for this one until
• 12:59
  right. The physical market for gold.
• 13:04
  The physical market for silver when it overcomes the paper
• 13:11
  market, the electronic market, the Unicorn Bart dust market,
• 13:14
  the the make believe fantasyland comex market where you can sell
• 13:20
  400 ounces of silver right where you can leverage things up 100
• 13:25
  to one 400 to one whatever you want to do make believe at some
• 13:28
  point, right the market always wins.
• 13:33
  Market fundamentals always eventually went out right and
• 13:38
  and and force true price discovery, real price discovery
• 13:43
  to happen. Let's go.
• 13:44
  Back to the Let's go back to the Oriental ghost.
• 13:47
  I digress. OK, so on the Shanghai Gold
• 13:51
  Exchange, silver closed at $34.10 per oz.
• 13:57
  Let's. Go.
• 13:58
  So this morning we're going to talk about it's these retail
• 14:02
  sales numbers are insane. OK, we'll talk about that in a
• 14:05
  minute, but let's go out to our friends at Pin Backs and check
• 14:10
  on the silver price. OK, OK, well this is not
• 14:14
  updated. Who knows?
• 14:16
  Silver took. It on the.
• 14:17
  Chin this morning, not the Chinese Chin, the chin, Chin,
• 14:22
  because because supposedly we had some good retail sales
• 14:26
  numbers. We're going to talk about that.
• 14:28
  It's just absolutely infuriates me.
• 14:31
  But let's press the pin backs button here and OK, silver's up
• 14:34
  $0.08, gold up $13. Oh my gosh, unbelievable.
• 14:40
  Hey, I want to say thank you to channel sponsor Pinbecks.
• 14:45
  Here we are on their website. As you can see, you can click on
• 14:48
  this little button that says silver.
• 14:50
  You can go look at all the different silver and gold coins
• 14:54
  that are available. They sponsored Ron's basement
• 14:57
  for over a year, please. Right.
• 14:59
  This is made possible because of the generous support of our
• 15:03
  sponsors. But even more important than
• 15:04
  that, you know, you have an opportunity with Pinbecks to get
• 15:09
  gold, silver, platinum, group metals at prices that are ultra
• 15:14
  competitive. OK #1 #2 they got a great
• 15:17
  selection. But #3 what's most important is
• 15:21
  that it's a company that I believe I trust and I believe
• 15:26
  you can trust. Now you need, I never will tell
• 15:28
  you what to do, but you need to discover that for yourself.
• 15:32
  But it's nice for me. I, I like to think of it as like
• 15:35
  a one stop shop, like if I want to buy silver and this has been
• 15:39
  over the last one year plus, I know I can go there.
• 15:44
  Sure, I will check prices, right, right.
• 15:46
  Everybody does, right. But I can always feel secure
• 15:49
  with pin backs that I'm getting like a very ultra competitive
• 15:53
  price, usually significantly lower than some of these other
• 15:56
  big online bullion dealers. And it's like a one stop shop.
• 15:59
  I know I can trust them. I placed the order and the box
• 16:03
  shows up and it's wrapped like Fort Knox and it's always a
• 16:07
  little heavier than if I'd bought from one of the other big
• 16:10
  online bullion dealers. It's a little heavier because
• 16:13
  there's a little extra silver in there because I use the money I
• 16:17
  saved to buy an extra oz or. Two of silver, so.
• 16:19
  Please support our friends at Penbacks and if you ever, if you
• 16:24
  ever decide that you want to convert an IRA into precious
• 16:28
  metals, you're going to get. The speech, it's going to take
• 16:30
  20 seconds. Please take your time, look at
• 16:35
  all your different options, talk to a number of different people
• 16:39
  for your own benefit, consider talking to the guys at Pinbacks.
• 16:42
  All right? And then at the end of the day,
• 16:44
  make your decision, but make sure you factor in how many
• 16:47
  actual ounces of silver or gold you're going to get with that
• 16:51
  amount of money that you may be making the decision to convert
• 16:56
  from into precious metals with an IRA.
• 17:00
  All right, guys, let's go. This is so much Hold on.
• 17:07
  Let's have a quick drink of water.
• 17:16
  Turn the mic back on. Thank you for being here.
• 17:19
  Thanks for being part of this. Don't forget, right?
• 17:22
  You're welcome here. You're part of the group.
• 17:24
  Thank you. I read all the comments.
• 17:26
  Please, you know, realize. That what you say is important
• 17:31
  and we really have a great opportunity together to learn
• 17:35
  from each other on this journey, this precious metals journey
• 17:38
  that we're on now. Let's go.
• 17:41
  Let's talk about how crazy things are in the gold and
• 17:45
  silver. We just saw gold's up $13,
• 17:48
  silver's up a little bit right now, guys.
• 17:52
  It's unbelievable how different, how things have changed.
• 17:57
  Within the precious metals market OK, let me go up here
• 18:04
  this this is a a series of tweets from the Kobe C letter
• 18:08
  gold is back in record territory.
• 18:10
  This was from yesterday. the US dollar, OK, even as everything
• 18:18
  is changing, all the old relationships and this, this guy
• 18:22
  points out a number of these major changes that we're seeing
• 18:26
  right now. The first one, and we talked
• 18:28
  about this yesterday, the US dollar has strengthened 3% since
• 18:33
  September 30th and gold prices are still positive this month.
• 18:39
  OK, here. Next.
• 18:44
  He says here it's rare to see a time where the US dollar and
• 18:47
  gold trade together. A stronger U.S. dollar makes
• 18:50
  gold go down weaker as it becomes more expensive.
• 18:53
  Over the last three few weeks, both gold and the DXY, which is
• 18:59
  the dollar, are up over 2%. If you told a Wall Street trader
• 19:07
  that the dollar was going to be up 2% over a two or three-week
• 19:11
  period or up 3%, they would have bet the farm that gold would be
• 19:15
  down. But that's not the case.
• 19:17
  This is a new paradigm, a new environment for the precious
• 19:22
  metals. OK, one next one.
• 19:24
  One of the biggest arguments for higher gold was the recent Fed
• 19:28
  pivot. OK.
• 19:30
  Remember the the Fed was going to cut by 50 basis points, 50
• 19:33
  basis points over the last three weeks.
• 19:35
  A50 basis point rate cut in November has been completely
• 19:40
  priced out. This is the.
• 19:41
  CME Fed watch tool that we go look at odds of no rate cut OK
• 19:46
  are now nearing almost 10% even with a pullback in rate cut
• 19:52
  expects expectations gold is soaring so the dollar soaring
• 19:57
  gold is soaring right that should not be happening that
• 20:01
  traditionally should not be the case rate cut expectations are
• 20:06
  coming down that should make gold go down but that's not the
• 20:11
  case gold is going up OK here we have.
• 20:14
  And you know what? Let's go.
• 20:15
  Out there and take a quick look and see where cuz see how it got
• 20:18
  affected this morning. We'll go to the CME.
• 20:21
  Let's see what the Fed with the big money it's betting right now
• 20:26
  the Fed will do so the next FOMC meeting.
• 20:29
  The next next time we'll hear from Jerome Powell will be in
• 20:31
  exactly 3 weeks from today, OK? Let's go down though and see
• 20:38
  where the rate cut odds are right now.
• 20:40
  OK. So we're still about the same
• 20:42
  range. There's a 90% chance that we're
• 20:46
  going to get a quarter point cut in a 10% chance, 9% chance.
• 20:51
  A 90% chance of 1/4 point cut, a nine percent chance that there
• 20:56
  will be no cut because there's the current rate.
• 20:58
  There's the current rate that is a massive again, right The the
• 21:05
  price of gold should be and silver should be killing.
• 21:09
  Meanwhile, recession, recession worried worries have calmed as
• 21:13
  the unemployment rate fell, right?
• 21:15
  We're getting the strong economic data.
• 21:18
  So I'll wait till we talk about the retail sales number this
• 21:21
  morning. It's madding.
• 21:22
  OK, we got the retail sales number strong, right?
• 21:26
  So, so if it was a strong economy, that should mean the
• 21:30
  Fed would be less likely to to lower lower rates, and that
• 21:35
  would mean that the price of gold should be going down.
• 21:38
  Meanwhile, he says gold prices continue to push higher even as
• 21:43
  a primary catalyst has turned bearish.
• 21:48
  And he says the answer has been a technical analysis.
• 21:51
  So we got three major components that are telling us the silver
• 21:56
  price should be lower. Right, we should be at 2620 if
• 22:00
  if if the old rules the old. Rules of the Game.
• 22:06
  Right, We're still in place, right?
• 22:08
  Between good employment data, good retail sales like we got
• 22:12
  this morning, the fact that the, the, the the the market is now
• 22:16
  expecting the Fed won't. Be as aggressively cutting
• 22:19
  rates. The dollar going up, all these
• 22:23
  things should be torpedoing the precious metals prices, silver
• 22:27
  and gold, but they're not. We are in a new guys, we happy.
• 22:33
  I hope you feel the warmth that's coming from me.
• 22:36
  We are in a new paradigm, a new land for silver and gold.
• 22:40
  We talked about it all the way back in December, almost a year.
• 22:43
  Ago now. That's when it really started to
• 22:46
  shift. But now guess what?
• 22:52
  Do you guys hear that? The sheep, the sheeple, the
• 22:56
  other 99%, the 99 Percent, 99 out of 100 people that don't
• 23:03
  know what you know, little by little by little, they're
• 23:07
  starting to wake up. And it's just two out of 100 of
• 23:11
  those sheeple wake up and decide, Oh, yeah, maybe I should
• 23:14
  buy some silver gold. Because you know what?
• 23:17
  Think about this. You know why this is so
• 23:19
  important. Let me explain to you why the
• 23:22
  when the sheeple. I'll do it one more time for
• 23:24
  you. Sure.
• 23:27
  When they start to wake up and they're like, I got sheared,
• 23:30
  baby. Jerome Powell sheared me when
• 23:35
  the when the people wake up and realize that their dollar is
• 23:40
  going down on in value, OK, there's a reason why there's
• 23:44
  reasons why they're going to come running.
• 23:47
  Running to get in the lifeboat, Swimming furiously.
• 23:51
  To get into the lifeboat that you and I in the current world.
• 23:55
  Welcome to the. Club.
• 23:56
  Basement dwellers. The current world of, of, of
• 23:59
  gold and silver. Investors are already in the
• 24:02
  lifeboat. They're going to be swimming
• 24:04
  furiously, OK? And we're going to be paddling
• 24:07
  away like we're not, you know, we're not.
• 24:09
  But the reasons why? They're going to come, right.
• 24:12
  They're not going to want to put their money in the stock market.
• 24:15
  The stock market's going to crash.
• 24:16
  I'm going to show you that here in a little bit.
• 24:18
  They're not going to want to put their money into real estate
• 24:20
  because the real estate market. I don't think my, I can't
• 24:25
  believe, right? I've lived in this house, I
• 24:27
  don't know, 20 years. It's like triple now of what I
• 24:31
  bought it for. It's overpriced.
• 24:33
  The real estate, they're not going to put their money.
• 24:36
  They're not Remember, this is so exciting, right?
• 24:39
  There's 6.5 trillion trillion dollars, $6.5 trillion in money
• 24:47
  market accounts and safe. That's safe money, my friends.
• 24:52
  Those are all your neighbors, right?
• 24:54
  They didn't want to put that money in the stock market.
• 24:56
  They didn't want to put it in the real estate market.
• 24:58
  They wanted it to be safe. That's their rat hole money.
• 25:01
  That's what my dad used to always when I was a kid, I got
• 25:03
  the best dad in the world, born in 1940s, still kicking, all
• 25:07
  right? And he would always say you got
• 25:08
  to have some rat hole money, right?
• 25:10
  Set aside. And that's what those people,
• 25:12
  that's $6.5 trillion of rat hole money.
• 25:17
  So when they start to wake up and realize that Jerome is
• 25:22
  sharing them and they're like, what am I going to do with my
• 25:26
  money in the money market accounts only making 3%, What am
• 25:31
  I going to do? I don't know what to do with
• 25:34
  that money. Oh, well, not they're not going
• 25:36
  to put it in the stock market. No, it's going to be crushing
• 25:38
  real estate. No bonds.
• 25:40
  No, I mean, what are they going to buy?
• 25:44
  Yeah, You know, they're all going to wake up at once, and
• 25:47
  they're going to come running for silver and go.
• 25:49
  That's what I think will happen. And doesn't it make sense?
• 25:53
  It makes sense to me, right? Made sense to us long before it
• 25:57
  made sense to them. And sometimes it can be a little
• 26:00
  painful being early. But, guys, do you feel it?
• 26:03
  Like this is new. Let's go back out to pin backs.
• 26:06
  I hope it didn't go down. All right, take a deep breath.
• 26:09
  All right, there's the the pin backs magic button.
• 26:13
  Let's press it. OK, silver's down a penny.
• 26:16
  That's all right. We'll come back.
• 26:17
  We'll make it go up. Come on, basement dwellers, we
• 26:19
  need silver to go up. Let's.
• 26:22
  OK, general market crash. The markets going to crash.
• 26:28
  Let's. Let's go on there.
• 26:30
  The markets going to crash, and silver and gold are going to
• 26:34
  crash with it. Do you buy off on that?
• 26:37
  Right? The stock market's going to
• 26:39
  crash, the real estate market's going to crash, and silver and
• 26:42
  gold are going to crash with it. That's what everybody says.
• 26:45
  Everybody, even most people in the silver and gold community, I
• 26:50
  don't agree with that, and I'm going to explain to you why I
• 26:53
  don't agree with that, OK, All right.
• 26:56
  But when you listen to to any, any, you know, knowledgeable
• 27:00
  person of the stock market, they'll say when the stock
• 27:02
  market crashes, gold and silver are going to crash because it
• 27:05
  happened in 2008 and because it happened whatever in 2020, and
• 27:10
  it did, right? Well, guess what, Buttercup?
• 27:14
  What did we just talk about? You know, back in 2008 also when
• 27:19
  the dollar went up in value, gold went down.
• 27:22
  Well, that ain't happening right now.
• 27:23
  That whole relationship has been broke off, that got divorced.
• 27:28
  All these long standing relationships between precious
• 27:31
  metals and the dollar, precious metals and interest rate
• 27:35
  expectations. We are in a new land, OK, but
• 27:40
  the stock market is going to crash and I think the opposite
• 27:44
  we could see. Maybe there'll be a really
• 27:46
  quick. Down drafting gold and silver
• 27:48
  like when we had that Japanese stock market crash back in
• 27:52
  August, whatever, you know, I remember we were driving back
• 27:55
  from we were driving back from Wisconsin, the family vacation,
• 27:59
  right? And I'm and I'm wanting I'm
• 28:01
  looking at stuff and like the world was ending in one day and
• 28:04
  what did they do? What did they do?
• 28:06
  This is a perfect example of what to expect.
• 28:10
  OK. Then we don't even know for sure
• 28:12
  what they did, but they did something lickety split super
• 28:15
  quick to fix it that had to do with liquidity.
• 28:20
  That had to do with the dollar going down.
• 28:22
  And how did gold and silver? Yeah, it dropped I think that
• 28:24
  day a little bit, but came bouncing if if we do get a draw
• 28:28
  down when the market crashes. Or if right, I don't have a
• 28:33
  absolute crystal ball, we may not even realize the market.
• 28:37
  The market could be crashing right now that the Fed is
• 28:40
  reacting super fast because the system is super delicate,
• 28:45
  delicate. And we got so many examples
• 28:48
  right now. This is insane.
• 28:49
  This is absolute insanity. What's going on out there?
• 28:54
  OK, wrong one. Here we go.
• 29:00
  OK, the most mind blowing chart you'll see today.
• 29:03
  Get ready to have your mind blown.
• 29:05
  NVIDIA, right? The AI company now has a market
• 29:08
  cap. OK, that means a valuation.
• 29:11
  The the company is valued. I take every share of stock and
• 29:15
  multiply it by the number of it's every.
• 29:17
  The value of all the shares of the stock of NVIDIA combined is
• 29:22
  equal to almost 12%. Of the total United States GDPI
• 29:29
  need to look at you for this one, basement dwellers.
• 29:31
  Does that make sense to you? One company that we hadn't even
• 29:35
  heard of five years ago? Most of whoa, most of us.
• 29:43
  How can one company that we hadn't heard of five years ago
• 29:47
  suddenly be worth 12% of our national GDP?
• 29:54
  That does not compute. Sorry, No compute, not no
• 29:59
  compute. No default problem.
• 30:03
  OK, big major problem this is. This is big issues.
• 30:07
  I mean, aren't we are in trouble?
• 30:08
  To put this in perspective, even at the peakofthe.com bubble,
• 30:13
  Cisco, remember them, that was just 5%, half of the USGDP and
• 30:18
  that was a massive bubble. In other words, NVIDIA is now
• 30:22
  more than double, but Cisco was over 10 trillion of market cap
• 30:27
  has been created since AI hype began.
• 30:31
  And sure, I think, you know, AI is cool, but look at this, look
• 30:37
  at this chart. This is Nvidia's enterprise
• 30:40
  value as a percent of GDP. I mean, the red line, it is
• 30:44
  crazy. There's Cisco.
• 30:46
  I mean, it's just absolutely nuts.
• 30:47
  What other What about Warren Buffett?
• 30:50
  What about Warren Buffett? Right.
• 30:52
  Warren Buffett, the world's smartest investor.
• 30:56
  What does he have to say about what's going on?
• 30:58
  Well, who cares what Warren Buffett has to say?
• 31:01
  You're as smart as Warren Buffett.
• 31:02
  I've told you that. I'm a smart, right?
• 31:06
  He's done really well investing. Right.
• 31:09
  Who cares what he has to say? What is Warren Buffet doing?
• 31:13
  That's what we're what is he doing?
• 31:16
  We don't listen to what? Gomer Pyle, Jerome Powell at the
• 31:19
  Fed. Oh, shoot, I'm knocking stuff
• 31:22
  over everywhere this morning. We, we we don't listen to what
• 31:25
  these people say. We watch with our eyes, right?
• 31:30
  Our eyes are much more important.
• 31:32
  What are they doing? What's Warren Buffett doing?
• 31:39
  Oh, hey. Thank you, Cool Kim.
• 31:42
  Super Chad. Thank you guys.
• 31:43
  Appreciate that. Cool Kim TTTTTTG.
• 31:47
  Thank you. He's selling all of his stocks.
• 31:50
  He sold a bunch of Apple stock, a lot of Apple.
• 31:53
  He sold a ton of Bank of America.
• 31:56
  Why is he selling all this Bank of America?
• 31:58
  Stock, but this is even more more.
• 32:00
  Here's one more. I'll show you why.
• 32:04
  I'll show you why Warren's selling everything because the
• 32:09
  Warren Buffett in Decatur hits 199%.
• 32:14
  It's probably a 200% after today.
• 32:17
  The highest level in history. Not highest level since 2004.
• 32:26
  Nine. Not no.
• 32:27
  The highest level in history, surpassing the dot com bubble
• 32:37
  and the global financial crisis. You might be wondering what is
• 32:45
  the Warren Buffett indicator? Well, I'm going to take you on a
• 32:47
  little journey and quickly explain that to you.
• 32:49
  It's the Wilshire 5000 index. So that's the combination of I
• 32:55
  think the 5000, whatever you can Google it, it's 5000 companies,
• 33:00
  right? It's an index of 5000 big
• 33:03
  publicly traded companies. I think the biggest index you
• 33:06
  got like the SP500, which is the 500 biggest, you've got the Dow
• 33:11
  Jones Industrial Average, which is what 100?
• 33:14
  You got the NASDAQ 100, you got whatever, right?
• 33:17
  This is the biggie. This, this is more comprehensive
• 33:21
  than any of the indexes. So it combines all 5000 of these
• 33:25
  stocks and compares it to the GDP, the gross domestic product.
• 33:31
  We are over here guys, 200%. Look back in look back in the
• 33:38
  year 2000. Remember the tech bubble?
• 33:40
  21st it was below 150. Remember 2007?
• 33:46
  It was half of where it is now. We are in such a crazy market
• 33:52
  bubble and all the sheeple are asleep at the wheel right to
• 33:57
  make wow everything's fine. My 4O1K went up and it has.
• 34:04
  Congratulations to all you. People that have exploding 4O1K
• 34:09
  balances but they have no. Clue, they have no ability to
• 34:14
  look under the hood. When you look under the hood and
• 34:16
  you look at what we just looked at, right, the Warren Buffett
• 34:19
  indicator, things are absolutely crazy.
• 34:22
  Look. One of the best stories ever,
• 34:25
  and you can Google this for yourself.
• 34:28
  Scott Mcneely was the CEO of Sun Microsystems.
• 34:32
  He was the guy. Sun Microsystems was the AI of
• 34:37
  today that during the tech bubble burst.
• 34:39
  Son was the NVIDIA of 1999. OK, after the tech bubble burst,
• 34:45
  he famously said that his company was selling at a price
• 34:49
  to sales price to sales ratio of almost 10.
• 34:53
  He was like it was. Insane.
• 34:56
  It didn't make sense. That would mean I would have to
• 34:59
  give every out, every penny of revenue, right?
• 35:02
  Sales that my company made for 10 years, every penny of it back
• 35:07
  to investors as a dividend just for them to break even.
• 35:12
  And that's impossible because there's things like expenses the
• 35:15
  company, but he was just using that.
• 35:16
  He was like, it was insane. Let's go.
• 35:18
  Out for fun? Let's go out and look at NVIDIA.
• 35:22
  And see what their price to sales ratio is.
• 35:26
  Here we go. Yahoo Finance, this is how you
• 35:29
  do it. OK, Type in NV, I'm sure NVIDIA
• 35:34
  will pull up because it's there. It is.
• 35:37
  OK, NVIDIA and all, right, price to earnings ratio, that's
• 35:48
  different, right? That's 65 to one.
• 35:52
  Where's their market cap, $4 trillion?
• 35:56
  Let's go to their financials and let's just look at their OK, so
• 36:05
  we're at their income statement. All right, and we'll do
• 36:09
  quarterly numbers over here. OK, So they had revenue of 30
• 36:15
  billion, am I? Wow, so there it is.
• 36:18
  Is that? 12:50 No.
• 36:20
  That's insane. Now that's OK.
• 36:22
  So that's but that's not annualized.
• 36:24
  So the trailing 12 months, they've had about 100 billion.
• 36:29
  Now I got to do some math. Hold on guys.
• 36:31
  So they've got about 100 billion in revenue.
• 36:35
  That's TTM trail. That means the last 12 months
• 36:38
  and they had what 4 trillion? Let me pull you back here.
• 36:45
  Alright, so four, let me do let me do this quickly. 412-312-3123
• 36:54
  That's billion 1 two 3 / 100 billion.
• 37:01
  I said right 231231231100 million 100 billion.
• 37:11
  If my math is correct, they have a price to sales ratio of 4040
• 37:18
  NVIDIA. That is insane.
• 37:20
  If that's correct you guys can check me if I'm wrong.
• 37:23
  That is insane. That would mean that would mean
• 37:28
  that NVIDIA from right now for the next 40 years, if if you
• 37:33
  bought a share of NVIDIA stock and they were to give you back
• 37:36
  all your money in dividends, it would take 40 years of them
• 37:41
  giving you every penny of sales that the company has.
• 37:47
  It's impossible for that to happen because like I said,
• 37:50
  there's expenses, taxes, all that great stuff.
• 37:54
  And we are in the bubble of all bubbles in this market.
• 37:58
  And who else is saying, so the Warren Buffett indicator, right?
• 38:01
  I mean, that's why Warren Buffett is selling stocks.
• 38:06
  I mean, look at that. These are numbers.
• 38:08
  These are real. OK, Now let's go out to have you
• 38:13
  heard of Nassim Taleb? Here it is.
• 38:16
  He's the author. Super respected guy.
• 38:21
  Collapse. Risk looms.
• 38:23
  Collapse. Risk looms as markets are the
• 38:26
  most fragile they've been in 20 years, Black Swan author Naseem
• 38:33
  Taleb says. Look, I don't know what's going
• 38:35
  to happen. I could be dead wrong.
• 38:37
  Maybe we are in this new Wizard of Oz environment where the Fed
• 38:41
  can just magically fix, instantly fix any issues that
• 38:48
  may or may not come along. But guys, I don't know when you
• 38:52
  listen to the gurus, Ray, Dalio, Warren, but I mean, we are in a
• 38:56
  very risky, even Jamie Dimon from JP Morgan is talking about
• 39:01
  how what a risky, crazy risky situation we're in.
• 39:05
  So what? Why did Nassim Taleb say this?
• 39:08
  He's focused on hedging against a market collapse.
• 39:12
  He said the market is flashing parallels to prior crashes,
• 39:17
  right? That means things like we just
• 39:19
  looked at of the Wilshire 5000 to to the, to the GDP, the
• 39:24
  Buffett indicator, these are are are are flashing red signs.
• 39:29
  Noting that it's the most fragile in 20 years, he pointed
• 39:33
  to risk in high debt levels. Risk like high debt levels and
• 39:38
  crazy. Yeah, like we just looked at
• 39:42
  with NVIDIA stock prices in an interview with Bloomberg, but.
• 39:46
  Yet you'll have people like that Jim Cramer guy saying bye bye,
• 39:49
  bye, bye bye bye just. You know, and maybe he's right,
• 39:53
  maybe I'm, I'm, maybe I'm wrong, but I'll always tell you my
• 39:57
  truth. And my truth is I wouldn't put a
• 39:59
  penny into some of these tech stocks right now.
• 40:02
  It's insane. I'd, I'd, I'd put my money in
• 40:06
  gold and silver development producers in a second before I
• 40:11
  would think about going into some of these.
• 40:13
  But that's just me. I'm not a financial advisor.
• 40:16
  You know, go listen to your financial advisor who may or may
• 40:18
  not have been selling tools out of a van.
• 40:22
  But, but anyway, I, I, I digress.
• 40:26
  Nassim Taleb, the author of The Black Swan, the famed.
• 40:30
  Treat, treat treaties. On the risk related to
• 40:33
  improbable events aired concerns over the state of the market on
• 40:37
  a Bloomberg interview. The environment, he said,
• 40:41
  mirrors prior crashes. And he added.
• 40:43
  That he was. Focused on preparing for such an
• 40:45
  event, he says. Quote, we have a lot of risk
• 40:49
  building up, the universal investment advisor told
• 40:52
  Bloomberg on Friday. I would say that my focus would
• 40:55
  be more on being hedged against an eventual market collapse
• 41:00
  because we're more fragile than we were probably at any point in
• 41:04
  the last 28 years, if not the last 30 years, he added.
• 41:09
  And he goes on and on and on and on about how right now, guys, we
• 41:13
  are in, we are, we are in an environment like we have never
• 41:18
  been in in this country. We are fragile.
• 41:20
  We have the reason, right? The reason really boils back to
• 41:25
  the US debt clock, the amount of debt that the country has built
• 41:29
  up by by sweeping problems under the rug.
• 41:33
  Right? Because Because what did Jerome
• 41:35
  Powell do? What did Alan Greenspan do?
• 41:39
  What did Ben Bernack do? Any time there was a problem?
• 41:42
  What? Did they do?
• 41:44
  During the when, the when, the when the tech bubble.
• 41:46
  Burst. What did they do?
• 41:49
  When the great financial crisis hit, right?
• 41:55
  Well, we know one thing they did.
• 41:58
  They bailed out all the big banks and the big nobody got in
• 42:01
  trouble. They got rewarded record
• 42:05
  bonuses. But I digress.
• 42:08
  What did they do? Think about the tech bubble.
• 42:10
  Think about 2008 great financial crisis.
• 42:13
  Think about the health crisis that we all lived through back
• 42:17
  in 2020. I'll show you visually what they
• 42:20
  did and what they're going to do next time and how you can
• 42:24
  prepare yourself. I've got all the answers for you
• 42:26
  today here in Ron's basement. I'm glad you're here.
• 42:30
  Let's, let's have a visual demonstration of what they will
• 42:33
  do. Here's what he'll do.
• 42:39
  Beep beep beep beep beep. Beep Hello, basement dwellers.
• 42:46
  This is what they will do. OK, they will do this.
• 42:52
  They will print, print, print, print, print, print, print,
• 42:57
  print. OK, that's what's coming.
• 43:03
  And put that back in there. When that happens, it doesn't
• 43:13
  matter what they tell you about the dollar.
• 43:17
  Like we talked, this is such great, this is great because
• 43:20
  what we talked about earlier, the dollar went up over the last
• 43:24
  what, 12 days and gold should have crashed, right?
• 43:28
  But it didn't. Gold went up, right?
• 43:30
  Because all they're, when they're saying that the dollar
• 43:33
  went up, what they're comparing, OK, what they're comparing is
• 43:38
  this toilet paper. Imagine this, but it's EUR.
• 43:44
  Imagine this, but it's Somebody needs to print up some of those
• 43:48
  fancy toilet paper where it's not just $100 bills, but it's
• 43:52
  euros. And it's yen.
• 43:54
  It's comparing a bunch of toilet paper to each other and at the
• 44:02
  end of the. Day what's going to happen is
• 44:03
  the gold and silver price will continue to go much much higher
• 44:07
  OK what about the banks look at this this is this is very
• 44:11
  interesting what is happening with the banks right now have
• 44:15
  you noticed let me ask you this have you noticed banks closing
• 44:21
  throughout the United States and are you scratching your head and
• 44:25
  wondering why I wonder why Warren Buffett is is is sold all
• 44:29
  of his bank are sold a lot of his Bank of America stock.
• 44:32
  I wonder, I wonder if this is any is any clue to us as to what
• 44:38
  is going on More major U.S. banks on course to close a
• 44:42
  staggering 1000 branches this year.
• 44:48
  Here's the fullest list so far. So I want you to visualize your
• 44:53
  local bank and then visualize 1000 of them, right, 1000 and
• 45:00
  these banks they're they don't. Build cheap, cheap.
• 45:02
  Buildings typically right? They usually build free
• 45:04
  standing, very expensive buildings.
• 45:07
  I was always amazed Rd. I live on Olive.
• 45:09
  There's like a bank on every corner.
• 45:11
  OK, some of them have clothes now.
• 45:13
  One of them became a jewelry store that prominently
• 45:16
  advertised we buy gold, we buy gold.
• 45:18
  Gold's at record highs. But nonetheless, I digress.
• 45:21
  Why are 1000 banks OK? U.S. banks have closed more than
• 45:25
  700 branches in the first nine months of the year, forcing
• 45:29
  thousands to travel further to access vital services.
• 45:33
  And I know it like, people talking about Bank of America,
• 45:35
  like, you can't even really get to talk to a teller.
• 45:37
  I mean, it's becoming more and more difficult.
• 45:40
  But here's here. Let's pull this up.
• 45:42
  Is your bank on here? Look at this.
• 45:44
  Bank of America, 132 U.S. bank closed 100 branches.
• 45:50
  Wells Fargo almost 100, Chase almost 100.
• 45:54
  TD Bank 52 PNC, almost fifty citizens.
• 45:58
  I've heard of them but don't really know.
• 45:59
  I'm almost 40 Capital One. OK guys, banks are closing at a
• 46:06
  real alarming rate in this country right now.
• 46:10
  What does that tell us about what's going on?
• 46:13
  OK, What is that telling us? So when we look at the economy,
• 46:17
  right, and we look at the stock market crashing, we look at
• 46:20
  Nvidia's unbelievable valuation. The Warren Buffett indicator is
• 46:27
  at record historic highs, OK? The Warren Buffett indicator
• 46:32
  he's he's known as being a. A pretty astute investor, right?
• 46:37
  Nassim Taleb is telling us prepare, we are more fragile,
• 46:42
  delicate and think about this think about this when it comes
• 46:45
  to the economy. They bubble gum and duct taped
• 46:48
  over everything after the tech bubble burst during the great
• 46:52
  financial crisis, during the health crisis of 2020.
• 46:55
  Print, print, print, print, print.
• 46:56
  They just bubble gum and duct tape, which led us to this
• 46:59
  position that we're in today where we have a unmanageable
• 47:03
  amount of of debt in this country.
• 47:06
  And and at the same time, we have China, We have countries
• 47:11
  don't want our debt. They don't want to finance the
• 47:13
  United States anymore. Think about that, how fragile
• 47:18
  this economy has become. Sure, we're still the world's
• 47:22
  biggest economy. I love my country, right?
• 47:24
  Look right over my shoulder. I invested in a self waving
• 47:28
  American flag. But guys, right there, do you
• 47:31
  see that there's an elephant in the room, right?
• 47:35
  The elephant, right? The national debt, the deficit,
• 47:40
  it's a big deal. And it's starting to have a real
• 47:45
  impact on the economy and the Fed's ability right to, to, to,
• 47:52
  to, to manage what goes on with the financial system.
• 47:58
  It's not a good situation. We are more fragile and think
• 48:01
  about this, if you notice this, that like the events that
• 48:05
  happened in the world, there's two critical components to like
• 48:09
  big events, Black Swan type events.
• 48:13
  Number one, they are happy happening more often, OK?
• 48:18
  And #2 Because we've built up so much debt, right?
• 48:24
  The extreme level of the events, they're becoming more extreme,
• 48:29
  right? With all this debt, it'd be like
• 48:32
  you. I want you to, I want you to
• 48:33
  think about this on a personal level.
• 48:36
  I'm gonna make this about you, OK?
• 48:39
  Let's say you have $100,000 in debt.
• 48:42
  OK, you got yourself into a little hole, right?
• 48:45
  You have 100K in debt total and you're paying 4% interest.
• 48:50
  You're paying about 4000 a year in interest expense.
• 48:52
  You are getting any, you're not getting anything for that 4000.
• 48:57
  I hate that you know that. I digress.
• 48:59
  I think foundation number one that a person should work for in
• 49:02
  this world that is slavery, OK debt in my opinion.
• 49:05
  So, but nonetheless, you got 100K, it's about you paying 4%.
• 49:10
  You're paying 4000 a year in interest.
• 49:12
  If that goes from 4% to let's say 8%, well, now you're paying
• 49:17
  8000. And that stinks.
• 49:20
  But you know, you're a hard worker, blah, blah, blah.
• 49:22
  You can, you can I gotta talk about the retail sales numbers.
• 49:25
  This is this is this retail sales situation is gonna blow
• 49:29
  your mind. We'll get to that next.
• 49:31
  But interest rates go to 8%. Now you're paying 8000.
• 49:34
  Not that big of a deal, OK. And that was the United States
• 49:38
  back in 1970s, OK. Now today, let's say you and
• 49:43
  your, your, your honey bun racked up, let's say, $800,000
• 49:50
  in debt. And that's really the equivalent
• 49:51
  of what our country has done. Now you've got $800,000 in debt
• 49:55
  and you're paying 4% interest. You're paying 32,000 a year.
• 49:59
  That stinks. That's that's a bummer, right?
• 50:02
  That's a real bummer. 32 grand a year, but you can still manage
• 50:06
  because you're a hard worker and you're smart.
• 50:08
  But guess what? No banks want to loan you money
• 50:12
  anymore. Nobody wants to give you any
• 50:14
  money. And and think about this at
• 50:17
  800,000, if that interest rate goes from 4% to 8% now instead
• 50:23
  of 32,000 a year, you're paying 64,000 a year.
• 50:27
  And you're like, I can't do it anymore.
• 50:29
  And the banks are like, we aren't giving you any more money
• 50:32
  and you can't even make your interest payments.
• 50:35
  And that's the situation that the United States is headed
• 50:38
  toward if we don't watch it. OK, So what?
• 50:41
  Let's go back out and check. Come on, come on.
• 50:44
  Gold and silver, it's not going to happen everyday, guys, but a
• 50:48
  lot of days we're going to do an update here.
• 50:50
  Last time we checked, silver was down a penny.
• 50:52
  I got a feeling it's going to be down like a quarter or
• 50:54
  something. Still down a penny.
• 50:58
  Let's see here. OK, well, hey, silver's hanging
• 51:02
  in there. Thirty.
• 51:03
  Wow. Gold is up $17.00, 2691.
• 51:10
  So this morning, temporarily, we got great economic news.
• 51:15
  Congratulations, America. No, the stock market's not going
• 51:18
  to crash after all. That guy Ron from Ron's
• 51:20
  basement, he's crazy, right? We got great economic, good
• 51:24
  retail sales numbers. Let's, where is it?
• 51:28
  Is this it? Yeah, here we go.
• 51:29
  This is great. This is this is humorous.
• 51:32
  You're gonna you're gonna get a good laugh off of this one from
• 51:36
  Reuters. US retail sales increase solidly
• 51:40
  in September OK Oh yeah. So that means the Fed is not
• 51:46
  they don't the economy strong they can't cut rates.
• 51:48
  That's gold and silver stank, but OK, where we talked about
• 51:51
  that, but. Let's have a a brief.
• 51:55
  Discussion about these retail sales numbers, OK.
• 52:01
  US retail sales. Increased slightly more than
• 52:03
  expected in September, supporting views that the
• 52:07
  economy maintained a strong pace of growth in the third quarter.
• 52:12
  Retail sales rose .4% last month after an unrevised 1.1% gain in
• 52:20
  August. The Commerce Department, Census
• 52:23
  Bureau, and we know they're real accurate, said on Thursday.
• 52:27
  Economist polled by Reuters had forecast retail sales, which are
• 52:33
  mostly goods and are mostly goods and are this is the key,
• 52:39
  the red part not adjusted for inflation.
• 52:44
  They, they, they forecast that they would rise only .3%.
• 52:48
  So they beat for retail sales beat.
• 52:51
  But the key here guys, not adjusted for inflation.
• 52:55
  Let me say that one more time. Not adjusted for inflation.
• 53:01
  So they're trying to tell you that retail sales were great,
• 53:05
  but we forgot to factor in that we got this thing in this
• 53:08
  country called inflation. Like it what?
• 53:11
  I mean it's probably 4 percent, 5%, but officially it 3%,
• 53:15
  whatever it is. So retail sales went up, the
• 53:19
  economy strong. Let me let me make another
• 53:23
  quick, very easy example for you to understand.
• 53:26
  They're not fact. They're not adjusting those
• 53:28
  numbers for inflation. So the number nominal, that's
• 53:32
  the fancy way to say it on a nominal basis.
• 53:35
  Yes, wreath measured in. This paper, Hey everybody,
• 53:41
  writes the daily visit. From the from the.
• 53:43
  Flying Dollar, the Unicorn fart does fantasy dollar In fantasy
• 53:48
  dollars, retail sales went up all right, the economy strong,
• 53:53
  yeah, we're doing great. But in real, if you adjust that
• 53:57
  for inflation, I would say they went down.
• 54:00
  Let me give you a simple example.
• 54:03
  Let's say the whole world, all the retail sales were.
• 54:07
  At at the dollar store, OK And last year when everything at the
• 54:12
  dollar store was a dollar, you went in with $5 OK, you got five
• 54:18
  things, some some candy, some I like sprees.
• 54:23
  What else? What do you like at the dollar
• 54:25
  store? I like Spree the candy they got
• 54:28
  these little bean things. I anyway, I digress.
• 54:32
  And toothpaste and it's a good place to buy shampoo.
• 54:34
  White rain. That's how I get this hair
• 54:36
  anyway, you got $5 you go to the dollar store, you get 5 things.
• 54:42
  That's $5.00 of retail sales. Well, during the year because of
• 54:47
  inflation, the dollar store raised their prices to $1.25 S
• 54:52
  Today you go into the dollar store with $5, you don't get 5
• 54:56
  things, you get 4 things. So you you get 4 things.
• 55:01
  But it's still cost $5.00. Do you get what I'm saying?
• 55:06
  Right? So hey, retail sales would be
• 55:09
  the same under that very simplistic scenario, but the
• 55:13
  economy is shrinking. OK, the economy is shrinking.
• 55:18
  I had another example. OK, the economy it's that's not
• 55:22
  a real number, that's a nominal fantasy dollar number, period.
• 55:28
  The economy is shrinking. It would also another way to
• 55:31
  look at this would be like. If if you made $95,000 per.
• 55:35
  Year a year. Ago and you got a raise and now
• 55:39
  you're making 100K, but everything you were buying with
• 55:44
  that $95,000 a year ago now cost you 120,000.
• 55:49
  You didn't really get a raise. That's the difference between
• 55:53
  real and nominal numbers. Important for us to remember is
• 55:56
  they throw out these, what I think are BS numbers, especially
• 56:00
  with retail sales. You know, I mean come on man and
• 56:04
  remember the United States is a consumer based economy.
• 56:08
  The other thing to remember with that is as those as that
• 56:11
  activity. Excuse me, is that activity that
• 56:18
  that underlines those retail sales numbers as that continues
• 56:22
  to shrink, that means job losses, OK, that means.
• 56:26
  What people lose their jobs, which means other it's it's it's
• 56:30
  it's just crazy how they present these numbers to us.
• 56:34
  Did you guys hear about the Curial Horde?
• 56:36
  How about this one of our viewers, Joseph?
• 56:41
  Sent this to me and darn it, wait a minute, I have another.
• 56:43
  We got another. We got to talk about this.
• 56:46
  Hold on here guys. Almost forgot.
• 56:48
  One of the most important parts of the show look over there by
• 56:52
  dynamics is working in the USA, 100% of people pay the inflation
• 56:57
  flat tax. All pay tax.
• 56:59
  That's not what I wanted. That was a great one.
• 57:01
  That's that's you leaving the coin shop before they realize
• 57:07
  that you gave them paper for silver.
• 57:11
  We gotta have some laughs. There's my little friend Mrs.
• 57:14
  That's me at the Comax. OK, Hold on here.
• 57:19
  OK. This is from Rude.
• 57:20
  Awakening, he says. This is about when we talked
• 57:25
  about the gold price last year going to 2500, right?
• 57:29
  And we got laughed at. I got laughed at on December of
• 57:32
  last year. I predicted $2500 gold by May.
• 57:35
  That pretty much happened. We got laughed at.
• 57:37
  We're still getting laughed at. Guys.
• 57:40
  I think we can get $44.00 silver by Christmas.
• 57:43
  Laugh, laugh, laugh, right? Don't make any financial
• 57:45
  decisions based on that. But I really believe that's the
• 57:49
  case. And Rude Awakening said this to
• 57:51
  all of the naysayers. He who laughs last, laughs
• 57:54
  loudest. Bam, 2024, the 2025 Silver
• 58:00
  Squeeze. Look, there's no guarantee that
• 58:02
  it's going to happen, right? We don't know for sure that
• 58:06
  we're going to have this unbelievable to the butt.
• 58:10
  I know it's going to happen and I know that I could be wrong, So
• 58:13
  what? But but nonetheless.
• 58:15
  Let the people. Laugh.
• 58:17
  I was attacked back in December of last year.
• 58:20
  You're a you're a precious metals pumper.
• 58:22
  You're a this you're. No, I base this off of extensive
• 58:26
  research. Right.
• 58:30
  All kinds of research and, and look, there'll be a day when
• 58:33
  I'll say I think silver is going to go down.
• 58:35
  I think if silver hits 44 by December that it could pull
• 58:38
  back, right. But I'd like to see a pull back
• 58:41
  to about $38 in the early part of 2025, and then from there
• 58:48
  prices could go much higher. I can see silver hitting that
• 58:52
  $6063 range sometime later in 2025.
• 58:57
  We'll see if I'm wrong. Right or wrong.
• 58:59
  Nonetheless, wouldn't this be nice?
• 59:01
  Hold on here, wouldn't this be nice?
• 59:03
  This came. From our our subscriber Joseph
• 59:08
  and. Look at this, I had no idea this
• 59:11
  even existed. The Curiel horde was found near.
• 59:15
  Curiel is the largest treasure trove ever found in Denmark.
• 59:22
  It consisted somebody found 81,000 silver coins buried in
• 59:28
  two iron pots and they date from 1365.
• 59:32
  OK think about that 81,000 silver coins from 1365.
• 59:39
  Most of the hordes now on display blah blah blah
• 59:41
  discovery. The carry out horde was was
• 59:44
  discovered in 1867. I want to talk about these dates
• 59:49
  when a local farmer was plowing his fields.
• 59:51
  One of these farmers, they always find all this silver and
• 59:54
  gold his plow. Hit one of the two iron pots he
• 59:57
  was. Probably like.
• 59:58
  Darn it. What?
• 59:59
  Happened, you know, my plow got screwed up they hit one of the
• 1:00:04
  two iron pots he found the other pot shortly thereafter and then
• 1:00:08
  they paid him for a little bit. 81,000 coins OK, so think about
• 1:00:13
  this when it said somewhere, I think they were German coins,
• 1:00:17
  none of the coins, OK, most of them were German says down here,
• 1:00:21
  but I want you to think about this.
• 1:00:22
  These coins were. Were were minted in 1365.
• 1:00:28
  What is that about 700 years ago?
• 1:00:31
  They were discovered in 1867. Guess what?
• 1:00:38
  Those coins right pretty much were worth the same thing when
• 1:00:43
  they were minted in 1365 when they were discovered.
• 1:00:48
  What is that 150 years ago in 1867 and today, right?
• 1:00:55
  Silver. Everybody talks about gold and I
• 1:00:58
  love gold. I'm a big fan of gold.
• 1:01:00
  Gold holds its value gold. Silver does the same darn thing,
• 1:01:05
  right? Whether you were the, the guy
• 1:01:07
  that buried those coins in the year 1400, whether you were the
• 1:01:11
  farmer who discovered them in 1867 or you're holding them in
• 1:01:17
  your hand today, one of those 81,000 coins, it has the same
• 1:01:23
  value, right? It's going to buy you a week's
• 1:01:26
  worth of food. And I guarantee, right.
• 1:01:29
  And, and, and, and the year 1365 that one of those silver coins
• 1:01:33
  would buy a week's worth of food, nutrition for somebody's
• 1:01:37
  family. And that's the same case today.
• 1:01:39
  Hey, thank you for being here. Thank you to the moderators,
• 1:01:43
  Jake from Jake's Custom Parts, Big Tim the Silvershire and
• 1:01:46
  Annie Oakley. Thank you to Susie.
• 1:01:50
  Most important, thanks to you for joining me here in the
• 1:01:54
  basement. OK, you are very important.
• 1:01:57
  This does not exist without you, so think about how important you
• 1:02:03
  are. You're important to me.
• 1:02:04
  You're important to your fellow basement dwellers here in the
• 1:02:07
  basement. Your ideas matter.
• 1:02:09
  Your thoughts matter. Leave a comment in the comment
• 1:02:12
  section. I need to say thank you to
• 1:02:13
  channel sponsor First Mining Gold.
• 1:02:16
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• 1:02:19
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• 1:02:24
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• 1:02:31
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• 1:02:42
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• 1:02:48
  of Ron's Basement. Thank you for being here guys.
• 1:02:51
  OK. And I will see you soon.
• 1:02:55
  Thank you.