Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 SILVER Stackers! 🚨 THIS Is REAL! 🚨... (Gold Price Too!)...Silver Squeeze

Transcript

🚨 SILVER Stackers! 🚨 THIS Is REAL! 🚨... (Gold Price Too!)...Silver Squeeze · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
Reasons to still be very optimistic about the silver
0:03
price and the gold price we're going to cover that in this
0:06
video. Are we experiencing just a
0:09
temporary pull back? Do we need to take a look inside
0:13
and realize that nothing goes straight up?
0:16
We will talk about that. And also is there a silver
0:20
shortage? New information that indicates
0:24
in an unarguable manner that we are in for a major silver sword
0:29
shortage. So on a day like today, when you
0:31
probably know the silver and gold price are getting
0:34
absolutely slaughtered, we still have big reason for optimism.
0:41
Look, I don't have a crystal ball.
0:43
I predicted $44.00 by silver. I'll stick by it.
0:47
I know on a day like today, if you're feeling anything like me
0:50
on the inside, sick to our stomach, right?
0:53
It's hard to be completely unemotional when we look at
0:56
these things. But we also need to inject a
0:59
little dose of rationality and maybe a little humor from time
1:03
to time. But just know that if you're
1:05
suffering today from a little trauma related to the gold and
1:10
silver price, you are not alone. It has been an absolute brutal
1:15
week for silver and gold investors.
1:18
But guys, that's part of the game, right?
1:21
The bull market will do everything that it can to throw
1:25
as many people off. And that's what it's doing
1:28
today, right? And maybe you're making that
1:30
decision yourself. I'm not going to judge anybody.
1:33
I'll say it one final time. I do not have a crystal ball,
1:37
but I do have an optimistic attitude based in what I believe
1:41
to be reality as to where the gold and silver price are going.
1:45
Thank you, Don how now for that super chat.
1:48
Super nice of you, a little a little warm fuzzy feeling.
1:52
So let's dig in. Let's dig into what's going on.
1:55
How about a pep talk? Oh, and we're going to talk
1:57
about the silver shortage. This is fascinating.
2:00
That hasn't changed, right? The the debt, national debt,
2:04
don't worry, we'll check on that has not changed.
2:07
We're almost at $36 trillion of national debt.
2:10
OK, Jake said it last week. Are we still watching the dust
2:14
settle? From this post most election,
2:17
what I'm calling a Black Swan event, this just landslide
2:22
victory that was enjoyed by Donald Trump and the
2:24
Republicans. Are we still watching the dust
2:27
settle? A lot of people probably, I
2:29
wrote this earlier. I didn't think it'd be this fan.
2:31
A lot of people probably freaked out over the weekend, OK, People
2:36
that own gold, silver, precious metal mining stocks, right after
2:40
what happened on Wednesday, Thursday, Friday of last week,
2:43
they got scared over the weekend.
2:45
And I believe that's probably the one of the biggest reasons
2:49
why the price of silver and gold are down this morning.
2:52
OK, let's see what the end of the week brings.
2:55
Let's be rational about this and let's, let's, let's hope and be
2:59
optimistic and realistic that when the dust does settle right
3:04
in the gold and silver market that it doesn't settle too darn
3:08
low. Let's go take a look.
3:10
Let's go quickly take a look at what is going on with the price.
3:13
Get the bad news out of the way. Why I tell you what, if you
3:17
waited till today, here we are a channel sponsor pin backs to buy
3:20
your silver or gold. OK, we're at $30.59 per oz in
3:25
silver. Gold is getting clobbered down
3:28
almost $75.00 to 2614. Please help support channel
3:35
sponsor Pembacs. What they can do for you is give
3:38
you ultra competitive pricing. You'll get more metal for your
3:42
money. They got a great selection and
3:45
what I think is paramount is a company that you can trust.
3:48
I'll never tell you what to do, but I would recommend that you
3:51
may consider looking at Pembacs next time you're going to buy
3:55
some precious metals. I do think you'll learn what I
3:58
learned before they sponsored the basement and what all the
4:01
basement dweller community is telling me via overwhelming
4:05
response that you'll be glad that you checked them out.
4:08
Now let's run out to I just want to, well, you need to do a
4:13
little a little reality check here, guys.
4:16
I don't want to see this. I do not want to see the price
4:18
of Bitcoin. I just don't want to see it.
4:20
But let's go look at silver and see that we are down $0.80 per
4:25
oz in the futures market. Now I want to show you a couple
4:29
interesting things developing on the chart as it's pulling up.
4:36
Thank you guys for being here. OK, so this is a long term
4:40
chart. We're going to go, we're going
4:43
to go do the two year chart and here we are today, $30.67.
4:50
Let's look today is 11/10. Let's go back to 11/10 of 2023
4:57
and see where we were. Here we were one year ago we
5:01
were at $22.00 silver, OK, right here, right where my cross is.
5:07
If you look over guys, we were at $22.00 silver one year ago,
5:12
OK. Then it had a little bit of a
5:14
run up to 25. Subsequent to that we could be
5:16
due for a run up, but none the less OK, we we have come a long
5:20
way. I know $30, I know there's been
5:23
some technical damage, but also on this two year chart, I want
5:28
to point out to you something very critical and that is if we
5:31
draw an absolute straight line from this lower point that we
5:36
had what back in February, it was probably around February
5:40
22nd, as I remember right around my birthday that gold and silver
5:44
hit a low. We're still in this upward
5:48
channel, this up upward, not necessarily upward slope.
5:52
We still all is not lost. Let's go take a look at gold
5:57
just because gold will act as the Big Brother and I want to
6:03
look where we were. Let's look at the two year chart
6:06
on gold as well and see if really everything.
6:08
And then I got a great pep talk for you.
6:10
Yes, we are. We are in the middle and and
6:14
Peter Croft, the guy that wrote the book on silver, like the
6:18
Bible of silver, had some interesting things to say about
6:23
the pending silver shortage. We're going to talk about that
6:25
in just a minute after we do our quick reality check on the gold
6:29
market as well. Let's go back.
6:31
Let's go look at the two year chart here as well.
6:34
OK, so here we were, October of last year, we were at $1800
6:41
gold. OK of just about here's perfect.
6:44
We were almost still under $2000, OK, under $2000 gold
6:52
exactly 1 year ago. Let's draw that line just for
6:58
giggles. I mean, I can't see it getting
7:02
that much worse from where we are.
7:05
I mean, it kind of depends where you want to draw the line.
7:08
We did dip a little bit below there.
7:10
But guys, we're still in a, in a strong upward movement for both
7:14
silver and gold. Now we are in the danger zone.
7:17
We are at a point where we could start to have some serious
7:21
technical breakdown if either of them go down much further.
7:24
There's people that spend their whole careers working on this.
7:28
Sorry, I forgot to pull the screen up.
7:30
Thank you, thank you for being here on this dark day, this red
7:33
day for the silver and gold price.
7:35
But but there's people that spend their entire careers, most
7:39
of them are saying we're still in pretty good shape.
7:42
You know, let's see what the next week or so brings.
7:45
I mean, Bitcoin is trading for what, 85 thousand $85,000 now
7:50
per Bitcoin. I mean, the, the, the things,
7:54
the dust is going to settle. I'm saying it one last time.
7:57
Jake from Jake's Custom Parts said that about four or five,
8:00
five days ago, late last week. Let's see where things go when
8:04
the dust settles. It's going to be very
8:06
interesting to see where the gold and silver price get to
8:09
here in the coming four days as we move into Friday.
8:13
Friday's going to be critical now.
8:15
Now you ready for a pep talk from one of the smartest minds
8:19
out there, a guy that I really enjoy following, who follows the
8:23
gold, silver commodities markets like nobody.
8:26
He's got some interesting perspective to share with us.
8:31
And this is make sure I got you on the right screen, which I do.
8:36
All right, our good friend Gratty and granny says this
8:41
during pull backs. This is in red 1 needs to
8:44
remember that gold and silver are the counterweight versus the
8:48
defended global Fiat monetary system.
8:51
Gold and silver are at war with the paper dollar.
8:55
OK. And it is dying, OK, Meaning the
8:58
Fiat monetary system, the paper system is struggling, suffering.
9:03
So it should be obvious not to expect this bull market to be
9:08
easy, right? It's not easy guys.
9:10
And today is not an easy day. But if we look at the big
9:13
picture, we see something different.
9:15
Expect it to be hard, very hard, OK.
9:19
And one needs to remember that silver resumed its secular bowl
9:23
in Q1 of 2024 and gold in Q4 4 of 2023.
9:29
That means that the big, the big trend is now up, but there will
9:33
of course be large and small pullbacks.
9:36
Let's say we're in a medium large right now.
9:40
Also getting disappointed during the pull backs is not very
9:45
productive. For example, getting too
9:48
emotional, understand the moves and the cycles.
9:51
Instead, mindset and knowledge is key in order to get to the
9:56
other side. OK, now let's just pull up these
9:58
charts that he brought up here. This is silver on a quarterly
10:02
basis. So this measures the price on
10:05
every three month basis. And look, right, we're broken
10:08
out. I mean, there's no doubt about
10:10
it. It broke out at 2650 and we're
10:13
still broken out. And we look at gold on a
10:15
quarterly basis, we're still broken out.
10:18
I know, I understand. You can get mad at me.
10:21
You can get frustrated with me. I'm mad.
10:25
I'm frustrated, OK? But we got to make that part of
10:29
a small and make the big thinking part of our brains big
10:33
in the big picture for silver. Gold.
10:35
What's changed, right? OK, yeah, sure.
10:39
We had what I call a Black Swan election.
10:41
A shocking election is not a political statement at all,
10:45
right? And let me ask you this question
10:47
about Donald Trump, right? Both his previous presidencies
10:51
and his business dealings over decades do not indicate that
10:57
he's a guy who's, let's say tight with money or, or likes
11:03
austerity. He will spend, spend, spend.
11:06
I heard someone this morning saying that during his first
11:09
presidency, before the C19 crisis, he was already running a
11:14
federal government deficit of over a trillion dollars.
11:18
That was before C19. You know what happened after
11:20
that. So to think that like suddenly
11:23
they're going to balance the budget, suddenly the US debt is
11:27
going to go away is dreamland. OK, let the dust settle.
11:31
Thank you, Jake from Jake's Custom Parts for being here to
11:33
help moderate. Thank you Annie Oakley.
11:36
Thank you big Tim, the silvershire.
11:37
But most important, also not most important, but as
11:41
important, thank you, the individual basement dweller,
11:43
who's who's, who's, who's wallowing through this mire of a
11:48
silver and gold market that we have today.
11:51
Guys, nothing goes straight up. Keith Newmeyer said this and I
11:55
will always remember it. I was talking to him was
11:58
probably 4-5 six months ago during an interview.
12:00
Keith Newmeyer, right, like the Crown Prince of silver.
12:03
He said he was talking about the, the, the bull market from
12:07
2001 to 2011 when silver, for instance, went from $5.00 an
12:12
ounce all the way to $50.00 an ounce.
12:14
And he said it would go up and up and up and then it would
12:17
start to go down and we would think, oh, it's over, It's done,
12:21
you know, no more. And then it would start going up
12:23
again. That that right?
12:25
If we're going to be optimistic and if we're going to not just
12:27
be a blind optimist, but actually look at the big picture
12:33
of what is going on. That I believe is what we are in
12:37
store for. So who's Peter Cross here?
12:40
Let me show you this. I have something to show you
12:41
very quickly. Many people consider this book
12:45
the great silver bowl written by Peter Croft.
12:49
I'm not trying to sell it to you.
12:51
You can go on Amazon and get it yourself and not I'm not to be
12:54
the Bible of silver or the authoritative book.
12:58
Maybe that's a bit of I'm not don't mean to be pulling
13:01
religion into this. Peter Croft is said something
13:04
very interesting about the silver shortage.
13:06
Let me let me pull up. Let me pull up this article that
13:13
was published by Money Metals. OK.
13:16
And I, I, I, I want to just go straight to the part where he
13:18
talks about supply deficits and silver's potential upswing in
13:23
price and what I would say is a silver shortage, OK?
13:28
It says over the past three years, silver demand has
13:32
exceeded supply, driven by an expanding industrial demand.
13:36
Make sure I got you on the right screen there.
13:39
Can I call you guys Buttercup today?
13:40
You're probably not in the mood for that, man.
13:43
I looked at my precious metal mining stock portfolio earlier.
13:47
Woof, woof. So much for the.
13:50
So much for the. Well, anyway, yeah, not good.
13:53
Nonetheless, silver demand has exceeded supply, driven by an
13:58
expanding industrial demand, particularly electronic solar
14:01
panels and EVs. The silver market operates with
14:05
an annual supply of around a billion oz, 85% of that coming
14:10
from mining, 15% from recycling. You knew that already, yet
14:15
annual demand has surged to 1.2 billion oz.
14:19
So the total supply is a billion demand is 1.2 billion, creating
14:23
a 200 million oz shortfall currently covered by existing
14:28
above ground stockpiles. This is what's interesting.
14:31
Highlighted in yellow, Krauth predicts that these reserves
14:36
will deplete within the next 12 to 18 months, which could result
14:41
in supply constraints and significant price increases if
14:46
demand remains high. Hold on here, Mr. Krauth, right,
14:54
an authority in the world of silver is predicting that within
14:57
12 to 18 months, the above ground supply, the above ground
15:01
slush fund could be gone. Now we're going to come back to
15:07
that very important point for you to remember.
15:09
Let's also remember that this is all happening within a world of
15:14
manipulation. Unicorn fart dust, whatever you
15:18
want to call it, paper leveraged silver at the COMEX in the LBMA.
15:23
Remember what we talked about last night, last week, 3 days,
15:27
the last three trading days of last week?
15:29
Wednesday, Thursday, Friday, right?
15:32
On Wednesday, 700 million paper ounces of silver were traded.
15:36
On Thursday, 500 million, Friday, 500 million.
15:40
That's 1.7 billion ounces of silver were traded in three days
15:46
last week as they smashed the price down.
15:49
Now think about this, 1.7 billion ounces in three days.
15:55
The entire mining sector, as Mr. Krause just pointed out, creates
15:59
about mines about 850 million. That's two years worth of
16:05
silver, physical silver. Two years worth, 2 years worth
16:10
was traded in three days. So this whole situation
16:15
surrounding the silver shortfall is occurring in an environment
16:20
where it's actually being traded in.
16:22
The quote UN quote price is being discovered right in a
16:27
market that is just out in La La land.
16:30
There's no other way to say it. And we know it's manipulated.
16:33
JP Morgan got convicted of it. OK, I digress.
16:36
Let's go back to the article. Industrial demand, this is a
16:46
different way to look at it. The steady floor under, still
16:49
under silver, silver ranks, and I didn't know this.
16:53
This was shocking to me. Silver ranks second only to oil
16:58
in terms of its global applications.
17:00
And we've talked about this silver could be the new oil for
17:05
the next 100 years. Notably in 2024, industrial
17:09
demand, the shocker aftershocker is expected to represent 70% of
17:15
the total silver supply, up from 50% just a few years ago.
17:20
So industrial demand is gone from being 50% just a few years
17:25
ago to 70 percent now in a world where the mines are actually
17:30
producing less and less silver. I mean, it's just absolutely
17:34
stunning. I got more.
17:37
And this is what he did, an interview you can listen to with
17:42
this as well. He pointed at this point that
17:45
the industrial demand is sticky, right?
17:47
Meaning they need to buy the silver no matter what the price
17:51
is. They can't substitute the
17:53
silver. It's a sticky demand level.
17:56
And on top of that, guys, this is what I almost forgot to tell
17:59
you, so many things are going on.
18:01
This is insane. On top of that, we know that ETF
18:06
at least for the last what, couple months, right?
18:09
Chris Marcus from Arcadia Economics had a great piece on
18:12
his, on his sub stack about the inflows going into the silver
18:18
ETFs, right. The Silver Institute had
18:21
budgeted for the year that there'd be about 50 million oz,
18:25
and already it's at like 100 million oz.
18:28
Now look, let's be real, with what's been going on the last
18:31
few weeks, who knows what those ETF flow numbers are going to
18:35
look like. But as of the last data that we
18:37
had, we had an increasing demand.
18:40
But from in, from investors for silver, oh man, there's so much
18:45
more. Sorry guys, I'm all over this.
18:49
Oh, this is crazy. Silver and uranium potential for
18:53
a strong price rally. I followed the uranium market
18:56
very closely four years ago. And this what he says is
18:59
absolutely true. And we have seen an explosion in
19:03
the uranium price and silver. The silver market is very, very,
19:09
very, very similar to what happened in uranium.
19:13
He drew an intriguing, intriguing comparison between
19:16
silver and uranium markets. Like silver, uranium faced a
19:20
period of high demand and limited supply, with secondary
19:24
sources filling the gap until they dwindled, leading to a
19:28
recent price surge from $23 to $83 per pound over a three-year
19:35
period. Cross these similar dynamics and
19:38
silver were above ground. Stockpiles are drinking and new
19:42
supply is limited. Let's come back to this right?
19:48
It's guys and we've talked about this so many times, there's only
19:52
so much silver above ground. It is not infinite, it's finite.
20:00
OK, and it's being drawn up, drawn upon and drawn upon and
20:03
drawn upon. Yes, a little bit's added, but
20:06
then more is drawn out. You know, every morning when I
20:09
wake up, I got to feed our cats. This will be quick, but this
20:12
relates exactly to what happened in the uranium market and what
20:15
is happening in the silver market right now.
20:18
We got these 3 cats, we'll call them Susie's cats, and they
20:21
demand to be fed first thing in the morning.
20:23
They each have their own bowl. We got a big 10 like cookie tin
20:27
full of cat food. I take 1 cup for each bowl.
20:30
So 3 cups, right. The cats are like the industrial
20:34
users of silver. Think of them as as as the as
20:37
the solar panel manufacturers, the cars.
20:39
One of the cats names of solar. One is EV.
20:42
The other one is, I don't know, artificial intelligence.
20:46
Nonetheless, I take 3 cups of cat food every morning out of
20:49
that ten, OK, it'd be like, and there's, it'd be like if there's
20:53
a limited amount of cat food, right?
20:55
I take 3 cups out, but only two cups go back in and there's no
21:00
more to be had. But guess what?
21:02
Those cats, they want to keep eating.
21:04
They're not going to stop eating just because I say, hey guys,
21:07
there's a shortage of cat food. I've tried that.
21:10
No, it won't work. It's the same thing going on in
21:13
the silver market right now. The exact same thing, right?
21:17
There's more silver being pulled out.
21:20
Everything that's mined is consumed.
21:23
OK. And then of that above ground
21:25
stockpile, right, there's parts being pulled out every year.
21:29
What's it going to be this year? 200 million oz.
21:31
What's it going to be next year, 200,000,300 million, 500
21:35
million, who knows. The big key critical thing to
21:39
remember is is they pull they that excess silver that is
21:43
needed, right? That's also called the deficit,
21:46
right? That is being pulled from an
21:49
amount of silver that is that is a a fixed amount, OK and it's
21:55
shrinking and shrinking and shrinking.
21:57
I mean, you know, they say there's only certain things in
21:59
life that are for certain death and taxes whatever.
22:03
Well that as well, right? There's there's no magic amount
22:05
of silver that can be added to that.
22:08
Not there's only so much all and part of it's being held by you,
22:12
part of it's being held by me. So very interesting development.
22:16
Let's talk about though, Let's talk about the other elephant in
22:20
the room when it comes to the silver market and that is global
22:24
influences, India and Russia. India's surging silver demand
22:29
also plays a critical role. The country recently cut import
22:33
duties on silver. This is crazy, resulting in A5
22:37
fold increase in silver imports in Q3 of 2023, the quarter that
22:44
just ended on September 30th. Five times as much was imported
22:49
during that period as compared to the same period last year in
22:53
2020. I think those years are off 23.
22:57
Croft also highlighted Russia's decision to include silver in
23:01
its national wealth fund, potentially to support domestic
23:05
industries and accumulate silver as a strategic asset.
23:08
Croft views these developments as additional positive drivers
23:12
for silver prices. Russia is the first country.
23:16
Russia is the is, in my opinion, the de facto leader of the
23:20
BRICS, and they are buying silver.
23:23
Do you know what a big deal? The reason why that's a big deal
23:27
is because it's the first country.
23:29
It's the first central bank. It's the first sovereign wealth
23:34
fund that has that has made a a public announcement that they're
23:38
buying silver in decades. Right. the United States used to
23:42
buy silver. India used to buy silver.
23:44
All right, let me run through my notes here and make sure I
23:46
didn't miss anything. OK, OK.
23:50
I did the cat food thing. I'm sorry I put you through
23:53
that. I still think it's critical that
23:55
silver is a second only to oil in terms of the global
23:59
applications. Will silver be the new oil of
24:03
the next 100 years? Think about AI, think about
24:06
electric vehicles, think about solar panels.
24:09
And we're going to talk about solar here in a little bit.
24:11
OK, OK, brushes, buying silver. And thank you to my friend
24:17
Brian, basement dweller Brian for for sending me that article.
24:20
It was a great one. Is the Trump presidency?
24:23
Is the Trump election a big Black Swan?
24:26
Tim Z Tim Zoo sent me an e-mail right before I came on one of
24:30
our fellow basement dwellers. Just like, well, they're pumping
24:32
the stock market, they're pumping Bitcoin.
24:35
Are they doing this to set up right a big fall for Trump when
24:40
he, when he actually becomes president?
24:42
Who knows, right? But things are weird right now.
24:45
Things are absolutely weird right now.
24:48
Is the crisis still to come? We need to do our daily check.
24:52
Let's go out on a little field trip just to make sure they
24:55
didn't solve. Nope, they didn't. the US
24:57
national debt we're getting there guys, 35 trillion, 990
25:02
billion. And if you live in the United
25:03
States of America and you pay taxes, well now your share of
25:07
the national debt is 272,000, almost $300,000.
25:13
Think about your children. Think about your, your, your 14
25:16
year old or my daughters are 12 right?
25:19
In six years or 10 years, whatever, when they start
25:22
working and paying taxes, like hey, congratulations, you can go
25:26
get a job and and by then it'll probably be 400,000 per person.
25:30
And oh, and by the way, not only do you have student loan debt,
25:34
hopefully they won't, and credit card debt and car debt and in a
25:37
three thousand $4000 a month department, but you also have a
25:41
$600,000 your share of the United States national debt.
25:46
What a joke. What a joke.
25:48
That is not gone away. And again, base, what we do know
25:53
is fact is that Donald Trump when he was president was
25:58
helping to balloon this as well. And that was even before the C19
26:03
crisis. We know what happened to this
26:05
national debt number when the C19 crisis happened.
26:08
So to think with all these promises that, you know, cut, no
26:12
taxes on this, no taxes on tips, no taxes on Social Security, I'm
26:16
blah, blah, blah. I mean, a lot of promises.
26:19
It'll be interesting to see how they felt.
26:21
Wow, time to check the dollar to silver ratio just to make sure
26:25
that's not dropping and it's not 984.
26:29
We are getting precarious. We're going to have two big
26:31
milestones, $36 trillion in national debt soon and a dollar
26:36
to silver ratio, which will soon reach $1000 per oz unless they
26:41
decide to stop making paper Fiat dollars, which is what this
26:47
measures, right? For each one ounce of silver,
26:50
somebody's toiling away in Mexico, Peru, China, wherever
26:54
they are to, to work toward producing one ounce of silver
26:58
today. For each one of those oz that's
27:00
produced today, the United States government is now
27:03
printing almost $1000. Make sure I got you guys on the
27:07
right screen, which I do and shoot, I didn't have this ready.
27:13
11/11/24 what did I say? 984 You guys can I'll tell you
27:20
what on a day like today, 984 as you can see, right, the amount
27:26
of paper money being created via the M2 money supply relative to
27:30
each one ounce of silver that's being created continues to
27:33
skyrocket. What does that tell us?
27:37
Let's go see what Pinbacks is telling us.
27:39
Come on, let's press the magic button.
27:41
We need some magic today, and woof, it ain't working.
27:44
Down 83 cents. Well, look on the bright side.
27:47
Wasn't silver just $35 a couple weeks ago?
27:51
If you waited right, you're getting a much better price
27:54
right now than if you had purchased back then.
27:58
All right, guys, let's move on. Rick Rule, the king of precious
28:04
metals, had a couple of interesting things to say.
28:08
This was funny. He said somebody asked him when
28:11
gold was going to start going, was going to start moving,
28:13
moving up in value. He said 24 years ago, meaning
28:17
yes. Back in what, 2002?
28:18
1001 gold was under $300.00 per oz.
28:23
Look where it is now. I just thought that was an
28:25
interesting perspective. What about this?
28:27
Gold this year has set 38 records during 2024, the most
28:33
since the 1970s. The reason why I'm saying that
28:37
is we've got to remember all that strong momentum, all that
28:42
push up right there. There's a lot of momentum,
28:45
there's a lot of energy behind the gold and silver price right
28:48
now. I know that if you're follow it
28:51
as closely as I do, it feels cruddy today.
28:55
OK, I can sit here and cry for you guys.
28:58
You don't want that, right? Cuz I, you know, being emotional
29:02
as an investor is never going to get us anywhere.
29:05
Looking at the big picture, looking at the the facts that we
29:08
know and putting it together will get us somewhere.
29:12
I'm not selling right? Look, I still love grab a piece
29:17
of your silver. There's a American Silver Eagle.
29:20
Look at that. Look at that for a second.
29:23
OK, And this one's getting toned or whatever they call it, but
29:27
nonetheless, do you still love this just as much as you did
29:31
three weeks ago when it was $4.00 per oz higher?
29:35
I bet you do, right? Owning gold, own gold and silver
29:41
because you're good at math, because you can go to the US
29:44
debt clock and you can look at those numbers and you can know
29:48
and you can see that not only do we have 36 trillion in debt,
29:52
right, but we got a $2 trillion deficit, right?
29:55
We're digging the hole deeper day by day.
29:58
And we have a situation where interest rates where the world
30:01
is not going to want to finance that debt any higher.
30:04
And we'll continue to, to, to make the what is now almost $1
30:09
trillion interest expense continue to skyrocket higher as
30:16
well. We haven't seen anything yet.
30:18
Wait, you know, if interest rates go to 8% because nobody
30:21
wants to buy the debt, right? That makes the, the, the, the
30:25
interest expense practically double quickly.
30:29
Because I got news for you, the US government, they aren't
30:32
really selling much long term debt.
30:34
They're selling a lot of what are called T-bills now, which
30:36
are debt instruments that that mature in a year or less.
30:41
So that's why you buy, that's why you buy silver and gold.
30:47
You don't even have to, we don't even have to be good at math,
30:49
right? We just know how to basically
30:51
work a calculator and apply a little common sense toward it.
30:54
OK. And here's a great example, and
30:58
we're in worse shape. I hate to break it to you, but
31:02
we're in worst, worser, worstest.
31:05
We're in the worstest of shape right now compared to the 1970s.
31:10
Think about this. In the 1970's, the US dollar
31:14
lost 75% of its value. I was born in 1970.
31:19
I don't really remember right. OK, I remember being a 8910 year
31:23
old kid and a quarter was a lot of money.
31:27
I could you know, my parents gave me a dollar.
31:29
I could go to 711 buy a Slurpee, play a game of of Donkey Kong,
31:34
right and buy a candy bar. I mean, since then it's gone
31:38
down right when I was 10 that but but prior to that,
31:42
apparently from the when I was at when we went in 1970 to 1979
31:47
nineteen 80, the dollar had already lost 75% of its value.
31:51
Why is that important for us to realize?
31:54
Because most of the situations, right, most of the factors that
31:59
contributed to the price of our the value of the dollar going
32:04
down by 75, five percent owing. Coincidentally, silver went up
32:09
like 28 times, not 28 percent 28 times during that time period.
32:14
Gold went up astronomically as well.
32:18
All those factors that contributed to that in the 70s
32:21
are even more exaggerated right now.
32:24
Let's not lose. Let's not lose faith in that.
32:27
Rick Rule brought this up. He said real inflation.
32:31
This is interesting. This is why.
32:33
This is why central banks are buying gold.
32:36
This is why American citizens, all right, are starting to buy
32:41
gold and silver. This is why foreign citizens,
32:44
people in China and India are buying gold and silver like
32:47
crazy. Think about this.
32:49
The real inflation rate in this country right now is probably
32:52
7%. That means your dollars these
32:55
things OK, hey there. It is making its daily
32:59
appearance. Paper dollars are probably
33:01
losing. I would even say it could be
33:03
higher, but we'll be conservative and say it's losing
33:06
7% of its value. the US 10 year bond.
33:10
Let's go take a look. Let's go take a look.
33:12
Let's go out there and boom man, we are flying today.
33:18
We got we still have reason to be optimistic.
33:21
Look at gold. I do not want to see Bitcoin.
33:27
OK, there's Bitcoin only 85,000. OK here's the 10 year bond is
33:32
paying 4.3%. So basically right.
33:36
Basically, if you if you put your money into a 10 year US
33:43
bond and we're going to assume that the inflation rate is at
33:47
7.3% and this was what Rick Rule said, it's like you're paying
33:52
the US government for the benefit of them to steal about
33:56
3% of your money per year for 10 years, for 10 years.
34:01
If you went and bought a 10 year bond and let's say inflation,
34:04
and this is I think a very conservative estimate, averages
34:08
7 1/2 percent over the next 10 years.
34:11
You're getting paid 4 1/2, but your dollars are losing 7 1/2
34:16
percent. Your money is losing 7 1/2,
34:19
everybody says of its value. You're basically paying the US
34:23
government to steal. And you know how whatever you
34:26
want to say, take 3% of your money at the end of that 10
34:31
years, whatever money you got back is going to be way less
34:34
valuable than it was at the beginning of the 10 years.
34:37
So does that the reason why if you're a foreign government and
34:42
they can work a calculator and they're going to say, why would
34:45
we buy? And that's what they're saying,
34:46
why would we buy these bonds? This math doesn't make sense.
34:50
But what's even more important is on top of that, not only are
34:53
they faced with the prospect of losing 3% a year, but they don't
34:57
know. They don't know if the if, if,
34:59
if the United States government has, you know, has, can, can,
35:04
can seize foreign countries assets.
35:06
And they've been doing that by weaponizing the dollar.
35:09
So it's no wonder that we've got foreign governments, right?
35:13
The BRICS countries in particular that are buying the
35:17
silver and buying the gold. OK, silver will move after gold.
35:22
Guys, look, I know like it feels horrible right now, but it's not
35:28
that bad. It's not, it's not good, but
35:31
it's not that bad. If we are indeed in a bull
35:35
market for gold, that's going to continue.
35:37
And people like Citigroup, Citibank, right, JP Morgan, all
35:42
these companies, companies, analysts that are saying $3000
35:46
gold, when gold moves again, next time silver will move after
35:53
gold. It's always, always been that
35:56
way. OK.
35:59
And on top of that, is it OK? Now let's talk about
36:02
manipulation. We talked about the fact I want
36:05
to go look here this morning. Hold on, let's go out and look
36:07
at the silver futures market and see when this big massive, let's
36:15
see if if if the massive downturn that we had in the
36:19
silver price this morning coincided at all with the
36:23
opening of the COMEX. I got a feeling we're not going
36:28
to like what we see, but let's go to a pull up.
36:33
Let's try A5 day chart first. OK, so here we are.
36:38
Today is the 11th. It's 1111.
36:41
Here's the silver price the middle of the night.
36:43
It's one in the morning. Make sure I got you on the right
36:46
screen, which I do. OK, so one in the morning, 2:00
36:51
in the morning, as you can see on the bottom, that's the date
36:53
and the time. 2:00 in the morning.
36:55
Oh, we got a nice little bump up about 5:00 AM this morning and
37:00
then boom, the comex opened and what happened here?
37:06
Let me draw it for you. First off, I wish I could Draw
37:10
Something more profane. This is not good.
37:15
That's that's the Ron's basement mad face.
37:19
Let's do some eyeballs. OK, Look, this is what happened
37:25
when the Western paper markets open.
37:30
We went from 3150 to basically 3050.
37:34
We dropped a buck again. I know that Jesse Colombo has
37:40
been following this. I'm sure he's going to have
37:42
something very interesting to show us about what happened this
37:46
morning because it's uncanny how over the last two weeks the
37:51
silver price has been slaughtered as soon as the Comex
37:54
and the LBMA open, right? The, I'm sorry, the Comex opened
37:58
the LBMA, the London Bullion Market Association, which we
38:02
don't like either. They're up to no good as well.
38:05
But these recent big downturns have been that.
38:08
Now let's talk about another big picture positive component to
38:14
Silver, right? The shortage.
38:15
We talked about it earlier. I want you to think about this
38:18
when it comes to solar demand. I wrote this out the other day
38:23
for remote sections of the world, OK, Places like South
38:27
America, Africa, India, China, those are those.
38:31
Those places are becoming more and more advanced and they need
38:34
electricity. They want light bulbs in their
38:36
houses. They want cell phones.
38:38
They need to charge them. OK, guys, when it comes when it
38:42
comes to solar panels, nothing beats silver.
38:46
They've been trying and trying to thrift it out doesn't work.
38:49
And if you think about this, nothing beats solar panels for
38:54
this massive 1,000,000 billions of people throughout the world
39:00
that are entering the consumer class that want, you know, you,
39:03
you and I take it for granted, right?
39:05
Like we've grown up, you know, with, with paper dollars.
39:08
But electricity and light bulbs, my kids take it, we all take,
39:12
There are hundreds of millions of people out there that that
39:16
are clamoring to get their hands on some light bulbs and a cell
39:21
phone that they can charge and they need electricity.
39:24
And there is nothing in the world that's going to be solar.
39:28
And silver is so critical, right?
39:31
Not just to those solar panels, but all these new electrical
39:34
devices that the people of the world want.
39:37
Why is solar? Why does solar beat anything,
39:40
right? Because let's look at India.
39:42
It's estimated that 100 million people are going to enter the
39:45
consumer class in India, something like the next five
39:48
years, eight years, right? India has one .4 billion people.
39:51
All these Indian people suddenly want light bulbs.
39:55
I mean, you don't blame them, right?
39:57
You know what it's like when the power goes out at your house,
39:59
it's horrible, right? They're going to want cell
40:02
phones. They're going to want all that.
40:04
But when it and we're not even going to talk about the silver
40:06
for all the other appliances just for the just for the solar
40:10
panels. And think about this if you're
40:13
in a remote village. In India, where the sun shines
40:17
all the time and you need electricity, do you know how
40:20
expensive it is to build a power plant, right?
40:25
Whether it's nuclear, whether it's coal, whether it's natural
40:28
gas, whether it's hydroelectric, it cost hundreds of millions of
40:32
dollars to build a power plant. Then you got to run all that
40:36
infrastructure, all those wires all over the place to all the
40:40
houses. Now think about this.
40:42
That's option one. Option 2 is you got a little
40:46
remote village in India that now has money and wants some
40:49
electricity. How about you throw some solar
40:52
panels on the roof of their house, right where they need the
40:55
electricity and run a wire Right now I don't go through the
40:59
ceiling. That's never good for water
41:01
management. Go around the side and through
41:03
the wall and they got electricity, OK, And it's clean
41:08
and it doesn't take miles and miles of infrastructure and a
41:11
new power plant being built. That's what is.
41:13
So I don't think that we give that enough attention as silver
41:18
and silver investors that this this prospects for for solar in
41:23
that regard are are are very, very, very, very, very
41:28
optimistic right now. Did you know China and this and
41:32
this is what's interesting because the whole this is going
41:35
on in the whole world and the opportunity for growth in the
41:38
solar industry and the opportunity for growth in terms
41:41
of the silver demanded by the solar industry is staggering.
41:45
China dominates the world's solar panel manufacturing.
41:48
They manufacture 80% of the world's solar panels right now,
41:52
4 out of every five. OK, but India is growing like
41:56
crazy. The other thing to consider is
41:58
extreme weather events. Sure, they can hurt solar
42:02
panels, but they're the, the, the, the grid is so much more
42:07
susceptible the damage from severe weather.
42:12
And we know that we're having more and more severe weather.
42:16
Now that's just, that's just the industrial side, right?
42:22
We talked about what, what Peter Cross talked about, right?
42:25
That's just the industrial. We're focused, so hyper focused
42:28
on electric vehicle batteries, the new Samsung solid-state
42:32
battery that'll use 30 ounces of silver per battery.
42:36
We're focused on the solar growth.
42:39
We know that silver is critical to be used within the AI sector.
42:43
All that what we're losing sight of, OK, which is probably why
42:48
the COMEX and the LBMA are just continuing to bash the price
42:53
down because they want, they want, the manufacturers want
42:57
cheap silver. Oh, we didn't even talk about
42:59
the military, which is a big black box.
43:01
Nobody knows how much silver is used by the military, although I
43:05
saw a congressional report from 1942 during the onset of World
43:11
War 2 that said the the military was going to need 200 million
43:14
ounces of silver per year during that period.
43:17
Nonetheless, we're hyper focused and that's what industry wants
43:23
low silver prices, right? Because it's becoming so, so
43:26
critical. But what we're forgetting about
43:29
is that silver is money. Silver's been money from what I
43:33
understand, longer than gold. OK, that the word for silver and
43:39
most other countries around the world, whatever word they use
43:42
for silver, right? If they saw this, they saw this,
43:46
they would, whatever word they would use to describe this.
43:49
Metal is also the same word, right?
43:53
That they use for money, right? We're forgetting about the
43:57
monetary component of silver. I mean, it was in our money
44:00
here, right? Do I need to listen?
44:03
OK, there's a couple. There's some American silver
44:08
dollars. It was in our money for what, a
44:11
century, right? It's been in everybody's money.
44:14
There's this massive monetary component of silver also, which
44:17
in the end will shine through. Hey, guys, hang in there.
44:20
Thank you to oh, whoa, whoa, whoa, whoa, whoa.
44:23
I need to say thank you to channel sponsor first mining
44:26
gold. Here we go.
44:28
They've got a lot of news out lately regarding permitting
44:32
their most recent financial statements.
44:34
You can check them out here at firstmininggold.com.
44:36
They're a Canadian gold developer with two multi million
44:39
ounce projects in Canada. Hey, let's talk about Fortuna
44:44
Mining as well. Not a good day for any of the
44:48
mining stocks, but Fortuna just reported outstanding third
44:53
quarter earnings. You can learn more about them
44:55
and about that report at their website here.
44:58
And let's not forget our friends at Dirty Man Safe.
45:01
If you want to hide, hide some gold and silver, you're probably
45:04
buying a whole lot today in the ground like a pirate.
45:08
Check out Dirty Man. And don't forget there's a 10%
45:12
discount code Ron 10. Hey, let's hang in there, guys.
45:18
OK, This is nobody said this was going to be easy.
45:24
Look, and I, I didn't expect this to happen, so I apologize
45:29
that that I, you know, I said the one thing that what I did
45:32
say about the election was the only thing we can say for
45:34
certain is uncertainty. You know how if you're like me,
45:40
you know, I can always, I always try to imagine the worst case
45:43
scenario in terms of the gold and silver prices.
45:45
Not, I'm not saying anything political when I say this.
45:49
And what has happened was about the worst case that I could have
45:52
imagined. OK, we'll survive.
45:56
I'd always be responsible with how you invest in stocks,
45:59
metals, anything else, right? We never want to go crazy, use
46:03
borrowed money, in my opinion, or anything like that.
46:06
This is likely just a bump in the road.
46:09
Everything will be OK. When I think about all the
46:12
factors that are impacting the metals prices, the thesis, the
46:16
reason why I love silver, I love gold, I love precious metal,
46:20
mining stocks. All those things are there.
46:22
Despite the fact that days like today feel cruddy.
46:25
We're going to be OK. OK, Hang in there.
46:28
Thank you for being here. Thanks for being part of the
46:31
basement. You really are the most
46:32
important part. I hope you have a great rest of
46:34
your day. I'll see you.