Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / SILVER STACKERS 🚨 ALERT! 🚨 -- Massive NEWS for GOLD & SILVER Price... (Federal Reserve, Powell, CPI)

Transcript

SILVER STACKERS 🚨 ALERT! 🚨 -- Massive NEWS for GOLD & SILVER Price... (Federal Reserve, Powell, CPI) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  The silver price and gold price have entered a new era, my
• 0:04
  friends. Welcome to the new world of
• 0:06
  silver and gold. We got some shocking news this
• 0:10
  morning about inflation, but what's even more shocking is
• 0:14
  what it means for the Fed and what it will mean for the price
• 0:17
  of silver and gold as we head into the coming months, quarters
• 0:22
  and years. We are in for some good times
• 0:24
  and I'm going to tell you all the reasons why.
• 0:27
  Plus, Elon Musk said something. Elon, yes, right, that Elon Musk
• 0:32
  said something years ago that is coming true today and means
• 0:37
  everything for silver and gold as well.
• 0:40
  We've got good news coming at us from every corner.
• 0:43
  Let's run out and check on the silver and gold price.
• 0:46
  We were struggling a bit this morning, but it seems like
• 0:51
  things are picking up. We're going to channel sponsor
• 0:53
  Pinbeck's. OK Gold is up $9.42 per oz 2700.
• 1:00
  Hey wow guys. Gold's at $2700.
• 1:05
  Unbelievable. Silver at $31.88.
• 1:09
  Don't forget Pinbeck's makes this possible if you want the
• 1:13
  best prices. Great selection, right?
• 1:16
  And a company you can trust. Please support channel sponsor
• 1:20
  Pembacs. I'll never tell you what to do,
• 1:22
  but I will say I think you'll benefit if you at least give
• 1:25
  them a chance. And thank you to Pembacs for
• 1:27
  sponsoring the basement. You know, while we're on the
• 1:29
  subject of the silver price, well, I'll save that for later.
• 1:33
  Let's talk about the new era, the the new era that we are in
• 1:38
  right now for silver and gold. And you may be asking like why
• 1:41
  is Ron saying that? I said that starting about one
• 1:44
  year ago and I know that right now we are we've got more
• 1:49
  confirmation that we are in a new world for silver and gold
• 1:54
  guys. I think we are in for a decade
• 1:57
  of much, much higher prices. Let's let's talk about why and
• 2:02
  let's go out quickly to the big news story of the morning, which
• 2:06
  was the inflation numbers here from zero hedge.
• 2:10
  They're telling us re inflation continues.
• 2:13
  November consumer prices surge most since April, having
• 2:18
  accelerated month over month for the past four months.
• 2:21
  Analysts expected today's CPI print for November will rise
• 2:26
  again at .3% month on month and they were dead on the biggest
• 2:30
  month on month rise since April. The point 3% month on month rise
• 2:36
  is your spending yet push the headline CPI up 2.7% year on
• 2:42
  year. Don't forget, the Fed is
• 2:44
  targeting, sorry, don't laugh out loud. the Fed is targeting
• 2:51
  2% inflation. Core CPI also rose .3%, which
• 2:56
  pushed it up to 3.3% on a year over year basis, not even close
• 3:02
  to the 2% mandate. And then the last little point
• 3:05
  we'll follow, we'll cover here is there's, there's not been a
• 3:09
  single monthly decrease in core consumer prices since Biden took
• 3:14
  office. Why is this important to us as
• 3:17
  silver and gold? Wow, thank you for the Super
• 3:19
  chat. I I I yvant.
• 3:21
  I appreciate that here, let's pull him up.
• 3:24
  I need to look that up. I believe that's from Turkey.
• 3:26
  So thank you. I could be wrong on that.
• 3:28
  Let us know what what country you're joining us from man US
• 3:32
  silver and gold stackers. We're from all over the world,
• 3:35
  but why is this a big deal? Because the Fed has given up on
• 3:41
  the fight on inflation and inflation over the over any long
• 3:46
  period of time is the number one driver of the price of gold and
• 3:51
  silver. And Jerome has put up the white
• 3:53
  flag. OK, Now how do we know that,
• 3:56
  right? That's the reason why it's
• 3:58
  important. But what's the example that we
• 4:00
  can look at that tells us that they have indeed given up?
• 4:04
  Because if we go and check, let's go to the CME Fed watch
• 4:09
  tool, which will tell us in exactly one week and four hours,
• 4:13
  we will hear from the Federal Reserve and they will tell us
• 4:16
  what the odds are of a rate cut. And look at this guys, it's
• 4:21
  skyrocketed. We'll do an update here.
• 4:24
  But since this, this high inflation number came out, oh
• 4:28
  gosh, it's skyrocketed even more.
• 4:30
  OK, what this is showing us is a not now 98% chance of 1/4 point
• 4:37
  rate cut and only a 1.9% chance that they will not lower rates.
• 4:43
  So at this point, the shocking news would be that the Fed
• 4:48
  doesn't raise rates, but there's a 99% chance they're going to
• 4:52
  cut rates. They've given up guys, and
• 4:55
  nothing will drive the price of gold and silver in this coming
• 4:59
  year like inflation. Let me let me give you a easy
• 5:03
  example are an easy demonstration as to why that's
• 5:07
  the case. All right, here we are.
• 5:10
  U.S. debt clock. The only way the 36 trillion,
• 5:14
  $156 billion in debt can be dealt with is if they pay it
• 5:20
  back with dollars that are worth less.
• 5:24
  OK, And when dollars become worth less, that creates huge
• 5:30
  inflation. the Fed knows it's their only only option.
• 5:35
  All right, let's go do since we're here, let's go over and
• 5:39
  check on. And since we know they're
• 5:42
  printing money, the dollar to silver ratio continues to
• 5:45
  skyrocket. Yesterday we had a big party
• 5:48
  because the dollar to silver ratio surpassed the critical
• 5:52
  $1100 level, but it continues to grow 1103 dollars.
• 5:59
  They are printing money that will make the currency
• 6:03
  worthless. It's the only way they can pay
• 6:06
  and deal with. They'll never pay off the
• 6:08
  national debt. Deal with the national debt.
• 6:11
  And when the currency becomes when these become worth less,
• 6:16
  inflation goes up. And when inflation goes up, so
• 6:21
  does the value of silver and gold.
• 6:23
  We're in a new era. Welcome to happy times for the
• 6:28
  silver price and the gold price. Let's talk about the silver
• 6:31
  price. I was like in this morning, I'm
• 6:33
  going to hypnotize you. I'm going to bring you on a very
• 6:36
  hold on. If you don't want to be silver
• 6:43
  hypnotized, please leave the live stream immediately.
• 6:46
  I hope you don't because this will make you feel good.
• 6:49
  I want to give us and I need to do it too, right?
• 6:52
  A new perspective sometimes. Sometimes we need to take a step
• 6:58
  back and look at the big picture, right?
• 7:01
  We're going to do that right now.
• 7:03
  I'm going to hypnotize you and you're going to leave this
• 7:06
  hypnosis period feeling much, much better.
• 7:10
  The first thing we need to do is get an update on the silver
• 7:13
  price. This is the silver futures
• 7:16
  market, OK? And this is the March 2025.
• 7:20
  We're only down nine cents. OK, notice, I want you to
• 7:24
  notice, take, take a mental picture of this chart because
• 7:28
  you're going to have to close your eyes here.
• 7:30
  We're at $32.65 now and you think, oh, that's too low?
• 7:38
  That's the silver. Bah, Bah, Bah.
• 7:39
  I want you to go back one year, guys.
• 7:42
  One year ago right now, one year ago we had a silver price here
• 7:49
  and see if I can get a exact number for you.
• 7:52
  I think it was down as low as and you don't look at this.
• 7:56
  All right, we were in the 212148 here one year ago, $21.60.
• 8:03
  You can see that on the lower right corner, $21.60.
• 8:08
  Today we're at $32.65. So close your eyes and imagine
• 8:14
  we go back in time one year, one year ago today, right?
• 8:19
  December 11th, 2023, you were a year younger, not a year less,
• 8:25
  better looking, but it's one year ago today and we're looking
• 8:29
  at the silver price and we're saying $21.60.
• 8:33
  And I tell you that in one year from now, so today, right,
• 8:38
  December 11th, 2024, the silver price will be, Oh my gosh,
• 8:43
  that's like a full $11.00 higher, a full 50% higher.
• 8:50
  You would be overjoyed, absolutely overjoyed.
• 8:56
  OK, now think about a year from now if we have.
• 9:02
  Thank you, Jake. Oh my gosh.
• 9:05
  Wow. Thank you, Jake.
• 9:07
  Jake from Jake's custom parts super mod Annie, thank you for
• 9:11
  the Super chat. Think about a year from now,
• 9:14
  guys. Think about us being right now,
• 9:18
  a year from now, the silver price being $11.00 higher than
• 9:22
  it is. OK, $43 per oz.
• 9:26
  That's what we're looking at. And I think that's low.
• 9:28
  I think we'll be sitting here one year from now with an easy,
• 9:32
  easy $5354 per oz. Wow, Jake, thank you for the
• 9:37
  Super chat, my friend. Man, OK, where are we?
• 9:41
  Uh oh. What did we get?
• 9:43
  I think we might we might be having some technical
• 9:45
  difficulties. Hold on here.
• 9:48
  All right. Are we still are?
• 9:50
  We live? I think we're still alive.
• 9:54
  OK. All right.
• 9:55
  Now the the economy is slowing down.
• 9:59
  Why do we want to pay attention to that?
• 10:01
  Because when the economy slows down, we will have more money
• 10:05
  printing by the Fed. Let's run out and take a look at
• 10:08
  this quickly because this does matter.
• 10:12
  Go our oil is the lifeblood of the world economy.
• 10:17
  That's number one. Why we want to look at this and
• 10:19
  realize when there's big changes in the oil market that will tell
• 10:23
  us what's going on the economy and is equally important.
• 10:27
  This is real data. This is not made-up, make
• 10:30
  believe Unicorn fart dust. Bureau of Labor and Statistics
• 10:35
  Deba data. We got news from OPEC.
• 10:38
  They've now cut the 2024 global oil demand growth forecast to
• 10:44
  1.61 million barrels per day. The previous forecast had been
• 10:49
  1.82. That is a massive decrease and
• 10:54
  what they think the world will be consuming or did consume an
• 10:58
  oil monthly oil report. OPEC says the 2024 demand
• 11:03
  forecast downgrade takes into account recently received
• 11:08
  bearish data for the third quarter.
• 11:11
  OPEC is saying that oil demand is crashing.
• 11:14
  When oil demand crashes, that means the economy crashes.
• 11:19
  And when the economy crashes, OK, the Fed can only do one
• 11:24
  thing and that is print money. And that's what we can expect.
• 11:27
  And when they print, and they'll call it anything in the book,
• 11:30
  they'll call it, you know, they won't call it what it really is,
• 11:33
  money printing. They'll come up with some new
• 11:35
  fancy name, right, like they did when they had, but they're not
• 11:37
  going to call it QE or anything else.
• 11:40
  That's what's going to happen. That's what we have coming down
• 11:42
  the line. It's going to be, it's going to
• 11:44
  be, I'm telling you this next decade, my opinion, I feel very
• 11:49
  strongly about this, that we're going to be moving into an
• 11:52
  environment which will be unbelievably conducive to higher
• 11:58
  precious metals prices. I think silver in particular has
• 12:01
  a much, much, much more steep trajectory when it comes to
• 12:07
  price than gold. But gold will also do very, very
• 12:12
  well. You want to see something funny?
• 12:16
  Our old brand Janet Yellen. OK, this is hilarious here.
• 12:24
  This came from zero hedge Janet Yellen.
• 12:27
  I'm concerned about fiscal sustainability and I'm sorry we
• 12:31
  haven't made progress. She's sorry we haven't made
• 12:33
  progress. I believe the deficit needs to
• 12:36
  be brought down. You think Janet U.S. debt now
• 12:41
  then they they point this out that the US debt rose 8 by 8.2
• 12:45
  trillion when Janet Yellen was the Fed chair or vice chair.
• 12:49
  OK, that member Janet Yellen, who's the Treasury Secretary
• 12:53
  used to head up the Federal Reserve and by 8.5 trillion when
• 12:59
  she was Treasury Secretary. So during under her rule, we've
• 13:05
  only added what close to 17 trillion to the national debt.
• 13:10
  But this is where it gets funny. I want to go down to this one.
• 13:14
  Hopefully this will give you a smile while this this is not it.
• 13:17
  But there's the South Park cartoon.
• 13:20
  She's sorry, right? Oh, and this guy said, well,
• 13:24
  she's sorry. Now I feel better, but this is
• 13:27
  the good one. Hold on.
• 13:28
  There we go. This is our friend Janet Yellen
• 13:32
  asking, does anybody know how this inflation thing works?
• 13:38
  I don't know, guys. All right, let's get back to
• 13:39
  some silver focus here. You know, I want to focus on you
• 13:42
  for one second. Thank you for being here.
• 13:45
  Thank you for being part of the basement.
• 13:46
  OK. I love you.
• 13:48
  You're great. What a wonderful group of
• 13:50
  people. All right, you like to talk
• 13:52
  about silver, gold, the big events occurring in the world.
• 13:57
  You're part of this group. OK, Tribe, whatever.
• 14:00
  We want to call ourselves basement dwellers, but thank you
• 14:03
  for being here. We will always talk about the
• 14:05
  important developments going on in the world of silver and gold,
• 14:10
  and we want you to come back. OK?
• 14:12
  We want you to know you're part of this group.
• 14:14
  Thank you for the thumbs up. Thank you for the Super chats.
• 14:17
  Unbelievable. I'm overwhelmed.
• 14:19
  Thank you. I I I avant actone.
• 14:22
  Thank you. And.
• 14:24
  Yeah, that's it. So let's go now and talk about
• 14:27
  some interesting developments in the silver market.
• 14:31
  Why do we want to keep an eye on China?
• 14:33
  We've talked about this over and over.
• 14:36
  China will absolutely drive the price of silver and gold in the
• 14:42
  future. This comes from Make Gold Great
• 14:44
  Again, a silver. Huge huge silver draw downs on
• 14:49
  the Shanghai Gold Exchange this week. 4 million ounces of silver
• 14:56
  have been withdrawn from the Shanghai Gold Exchange in one
• 15:00
  week. OK then a quote from King Kong
• 15:03
  9888 quote. Everyone with half a brain is
• 15:08
  standing for physical delivery. And as I understand, I believe
• 15:11
  King Kong 9888 lives in Hong Kong, possibly China.
• 15:16
  Basically, guys, they are draining the world of silver and
• 15:22
  it gets even and it's gaining momentum, which is very
• 15:25
  interesting. Now, if we go check out the
• 15:27
  Shanghai Ghost, Oriental Ghost, I apologize.
• 15:32
  I always get that wrong by June. OK, first we have this and we're
• 15:37
  going to check on the price. But this came from Vince Lanchy
• 15:41
  and was retweeted by the Oriental Ghost Silver
• 15:46
  Concentrate update. OK, here, let's just look at
• 15:49
  this direct. 76% of China's raw silver now is coming from South
• 15:57
  America since last year. Silver powder up 19%,
• 16:02
  photovoltaic up 46%. China is taking over the world's
• 16:09
  silver market. OK, what Vince said here I think
• 16:13
  is worth reading. In order to satisfy Chinas
• 16:16
  increasing demand for silver in combination with their own
• 16:19
  shrinking mind yields, China has in the past year or so taken to
• 16:23
  increasing imports of silver concentrate in doing the
• 16:28
  refining domestically. An important thing for us to
• 16:31
  remember why this is a big deal is because all of that silver is
• 16:37
  never touching the Comex or the LBMA.
• 16:41
  OK, this does have several things that covers their
• 16:44
  shortfall and builds a more lasting supply chain in Latin
• 16:48
  America, reduces available supply for US consumption and
• 16:53
  does it all without driving up the public pricing of refined
• 16:58
  silver. He says this was discussed
• 17:00
  before with the Oriental Ghost by recently posted a current
• 17:04
  data here is is the effect. OK, so that's what's happening.
• 17:10
  China taking over the world's silver supply.
• 17:14
  Oops. Let me go back and we want to
• 17:17
  check on the Shanghai Gold Exchange first.
• 17:22
  I tell you what, let's see if we're getting any movement in
• 17:26
  the silver price here since we have been live.
• 17:29
  We're back at Pembex. Oh my gosh, we did it.
• 17:33
  Basement dwellers, the silver price is now up 14 cents.
• 17:37
  We are in a new era. I'm telling you, think about
• 17:42
  what happened this morning. We had high inflation numbers,
• 17:47
  high inflation numbers. Look, during that little
• 17:51
  temporary BS period we went through two, 3-4 years ago when
• 17:55
  if inflation was up, that meant the Fed, the Fed has lost their
• 17:59
  moxie. Jerome has lost his potency.
• 18:03
  Maybe he needs to get a prescription for you know what?
• 18:06
  Nonetheless, it's a new era with high inflation numbers and we
• 18:11
  have silver and gold going higher.
• 18:14
  Look, we look, those of you who've been around for a while,
• 18:16
  we started saying this a year ago.
• 18:19
  That was when it really started. And we're getting another brick,
• 18:23
  another solid piece in the foundation today.
• 18:27
  Congratulations to those of you who own silver a year ago.
• 18:31
  Guess what? It's up 50%, right?
• 18:34
  It's only going to continue in my opinion.
• 18:38
  I'm not a financial advisor. I don't have a crystal ball and
• 18:41
  I'm usually right, but sometimes wrong.
• 18:44
  But we are in for some great times ahead.
• 18:47
  Wow, that is awesome. OK, let's go back here and let's
• 18:51
  just check. Let's just check to make sure
• 18:54
  that the wrong, wrong, wrong. Hold on, There we go.
• 19:01
  Yep, there we go. I may make sure you're on the
• 19:03
  right screen. Man, I'm sorry.
• 19:06
  I got a little excited when I saw that silver price.
• 19:09
  OK, this is the December 11th. These are the, the physical
• 19:15
  silver prices from China, the Shanghai Gold Exchange because
• 19:20
  it is a physical market. There's silver AG, right?
• 19:25
  There's it's close in U.S. dollars $33.72.
• 19:31
  That is in my opinion the real physical price for silver in the
• 19:37
  world. So what would it mean?
• 19:38
  There's some big news that came out and there's a reasons why we
• 19:42
  want to pay attention to this. The COMEX, right, the CME Group
• 19:47
  that owns the Comex, that Chicago Mercantile Exchange,
• 19:50
  that dollar thing, I'm sorry, the Fed watch tool, we look at
• 19:53
  that, that's the CME, the Chicago Mercantile Exchange,
• 19:57
  they own the COMEX. The Comex has a new gold product
• 20:01
  they're coming out with and there's some big reasons why we
• 20:04
  want to look at it and, and, and realize what this really, really
• 20:09
  means. And there's some good news and
• 20:11
  bad news embedded in this, but there was an article out here
• 20:15
  this. This one is by Jesse Colombo
• 20:18
  talks about the CME Group launches 1 oz gold futures to
• 20:22
  divert physical demand is what he says.
• 20:26
  OK, this is very interesting. In a move that may flood the
• 20:30
  market with more paper gold paper gold, the CME Group, the
• 20:35
  parent company of the COMEX, the leading US exchange for gold and
• 20:39
  silver futures right Unicorn fart does silver.
• 20:43
  Don't forget guys here let's go take a look just to just to
• 20:46
  refresh your memory we'll come back to this.
• 20:50
  But if we look on this chart, we know that the the where is it
• 20:55
  here it is paper to silver ratio man is going higher even is now
• 21:00
  at almost 412 paper Comex Unicorn fart dust ounces of
• 21:06
  silver for each one ounce of real silver and on the gold
• 21:10
  market, the paper to gold ratio is at 134.
• 21:14
  Now they're going to make it even worse, OK, they're going to
• 21:17
  introduce A1 oz, right? A one ounce of gold futures
• 21:22
  contract. This move comes in response.
• 21:25
  This is the good news. Think about this to soaring
• 21:28
  demand from retail investors spurred by gold's
• 21:34
  record-breaking rally this year, a respectable 32% gain.
• 21:38
  Small sized gold products have grown increasingly popular among
• 21:44
  retail investors seeking exposure to precious metals and
• 21:47
  greater diversification in their portfolios.
• 21:50
  Jim Hennig Hennig see the Chicago Mercantile Exchange
• 21:54
  global head of metals described the one ounce gold contract as
• 21:57
  quote, a great way to lower the barrier to entry in our market.
• 22:01
  You know, maybe he should have said it's a great way to lower
• 22:04
  the barrier of entry into our market and it's a great new tool
• 22:07
  for us to be able to manipulate the gold price.
• 22:12
  Oh, Jen Hennig, I'm sorry. She also noted, quote, our
• 22:18
  clientele is getting younger. That's a lot more doable, guys.
• 22:22
  Young people are coming into the precious metals market.
• 22:27
  OK, Gen. Z, the younger people I heard, I
• 22:33
  heard John John Lee from Silver Elephant in an interview last
• 22:37
  night talk about this hearing from a lot of my sources, these
• 22:40
  younger people and wait till you hear what Elon Musk said that
• 22:45
  has to do with that as well. We're going to we're going to,
• 22:48
  I'm going to show you that in one second.
• 22:50
  But we've got younger people moving into the silver and gold
• 22:55
  market. All right, currently, it's
• 22:57
  estimated there are an astonishing 133 ounces of paper
• 23:02
  gold for every ounce of physical gold, as illustrated in the
• 23:06
  chart below. This is chart is fat.
• 23:09
  The imbalance poses several concerns.
• 23:12
  Chief among them is the heightened risk of a future run
• 23:16
  on physical gold. Such a scenario could see the
• 23:20
  price of scarce physical gold, and this is all true for silver
• 23:24
  as well. Soar while the value of paper
• 23:28
  gold plummets, creating a significant market shock.
• 23:32
  This is the ratio of paper gold to physical gold.
• 23:37
  So the Big Blue section is the paper gold.
• 23:41
  The little yellow section is the real gold.
• 23:45
  OK, this blue is is is is is make believe Unicorn fart dust
• 23:51
  gold. This yellow is the real physical
• 23:54
  McCoy. If this chart were showing
• 23:57
  silver, it would be even more extreme about you wouldn't even
• 24:02
  be able to. It'd be like a little yellow
• 24:04
  line. Like that's a little yellow
• 24:06
  line. I mean, a much smaller yellow
• 24:09
  line. So is they is they're now making
• 24:13
  moves, right, to create more digital gold, more futures
• 24:17
  contracts for the gold market, right.
• 24:20
  It's only going to create a situation where we could have a
• 24:23
  major break in the electronic gold and silver markets.
• 24:28
  We're going to have a day when the physical markets the real
• 24:32
  Mccoys, right? This stuff, this stuff rules the
• 24:37
  day. That's an American Silver Eagle.
• 24:40
  I can you see her eyes shining? It's only going to perpetuate.
• 24:43
  It's only going to accentuate it and make the problem worse.
• 24:48
  They're kicking the can down the road a little further.
• 24:53
  The hens will come home to roost and we can see when the market
• 24:56
  breaks, when the physical price of gold and silver, what do you
• 25:00
  think is going to happen? What do you think is going to
• 25:03
  happen when the physical market for silver and gold overtake the
• 25:08
  electronic market, Right, 400 to one leverage and the silver
• 25:13
  market. Are you kidding me?
• 25:16
  Right, right. Look, I can see this being
• 25:19
  $300.00 an ounce, and I believe it's going to happen during my
• 25:23
  lifetime. I know, I know you may not agree
• 25:25
  with me. You may say you're just a silver
• 25:27
  pumper. You're, you know, you're full of
• 25:29
  it, whatever the case may be, but I absolutely see it
• 25:33
  happening. This this, this temporary thing
• 25:36
  that these little moves they make, right?
• 25:38
  These new one ounce gold futures contracts, it's going to make it
• 25:41
  more accessible to young people. Yeah, but young people aren't
• 25:45
  dumb, right? And wait till you hear what Elon
• 25:47
  Musk said like 20 years ago. That's coming true today.
• 25:52
  That I think will be a major driver of silver and gold in
• 25:56
  particular with the younger generation as we move into the
• 26:00
  coming years. First, I want to say thank you.
• 26:02
  Channel sponsor. First mining gold.
• 26:04
  Now they have real gold, right? It's in the ground in Canada,
• 26:09
  their development stage company with two multi million ounce
• 26:12
  projects in Canada. You can learn more about them at
• 26:15
  firstmininggold.com. And thank you to channel sponsor
• 26:18
  Fortuna Mining. I believe them to be one of the
• 26:21
  most efficient, best production stage companies right now.
• 26:26
  They're producing gold and silver in Latin America and they
• 26:29
  have an expanding gold profile in West Africa.
• 26:33
  They also just updated their gold resource for their Seguela
• 26:37
  project in in the Ivory Coast, Cote d'Ivoire.
• 26:41
  You can learn more about them at Fortuna mining.com.
• 26:45
  Now let's talk about our friend Elon.
• 26:46
  I got a video I'm going to play for you.
• 26:49
  I'm still trying to figure out all this audio stuff, so this
• 26:52
  may get screwed up, but this is super interesting and I want you
• 26:56
  to think about this. We're going to put the dots
• 26:58
  together what this means for the silver market and the gold
• 27:03
  market right now. So hold on here.
• 27:08
  There he is. All right, I need to unmute and
• 27:14
  we're going to go back to the beginning, unless this is a very
• 27:18
  young. Oh, shoot.
• 27:20
  Wonder if I can make this full screen.
• 27:22
  OK, here we go. All right, Hopefully you can
• 27:26
  hear this. Listen to what he says.
• 27:28
  This is short. What do you see as the future of
• 27:32
  the Internet? I think the Internet is the
• 27:34
  superset of all media. It is the.
• 27:37
  Be all and and end all of media one will see print broadcast
• 27:41
  arguably radio, essentially all media falling into the Internet
• 27:45
  and what the Internet announced to is it's the first two way
• 27:48
  communication medium that is intelligent.
• 27:51
  It allows consumers to choose what they want to see when they
• 27:54
  want to see it and whether that be radio, whether that be print,
• 27:57
  whether that be television broadcast.
• 27:59
  I think it's going to revolutionize old.
• 28:01
  Traditional media, what do? You see as a what?
• 28:05
  What? Do you hold on, see if I can
• 28:07
  stop that? All right, guys.
• 28:08
  What does that have to do with silver and gold?
• 28:13
  What did Elon just tell us? Elon just told us that the
• 28:16
  future of media is on the Internet.
• 28:19
  That was Elon 20 years ago. Has that happened?
• 28:23
  Yes yes. Is the momentum happened yes,
• 28:26
  because guess what guess what traditional media, right.
• 28:30
  These big news. I mean, I still watch it a
• 28:32
  little bit. I mean, MSNBC makes me sick.
• 28:36
  That's just me. OK CNN, not much better.
• 28:39
  And I'll watch a little Fox News from time to time.
• 28:42
  But people are not watching mainstream media.
• 28:45
  OK? People are rebelling against
• 28:48
  mainstream media. That's point #1MSNBC.
• 28:51
  I don't think anybody watches that anymore.
• 28:53
  I've saw their article about their ratings.
• 28:56
  Anyway, I digress. OK, People are not watching
• 28:59
  mainstream media. Mainstream media the the
• 29:04
  establishment we know is against gold and silver.
• 29:09
  The media, the big media companies helped suppress gold
• 29:13
  and silver. Now people even in our age
• 29:17
  group, right, Like you're watching alternative media right
• 29:19
  now. You're not watching CNN.
• 29:21
  You're not watching MSNBC. Thank God.
• 29:25
  I'll stop talking negatively about them.
• 29:27
  You're not watching Fox News. We're what?
• 29:29
  You're watching alternative media.
• 29:31
  You're getting news from a different source.
• 29:36
  The big main institutionalized media, right?
• 29:39
  They're all owned by, like, what, five families?
• 29:41
  They hate silver and gold. People are learning now.
• 29:46
  So as people move to alternative news outlets, they're learning
• 29:50
  more of the truth, right? And the truth is that gold and
• 29:54
  silver are real money. We're seeing this and it's much
• 29:58
  more younger people, right? Younger people in their 20s and
• 30:01
  30s. They don't watch any regular
• 30:04
  traditional television. They're digging in.
• 30:06
  They're on Reddit, they're on YouTube, they're on whatever,
• 30:09
  they're on TikTok, whatever. They're getting the real truth
• 30:15
  now, OK and the real truth as we know is that silver and gold are
• 30:21
  are a smart investment and real money.
• 30:24
  OK, thank you again my friend Gosh, Iavant has been very
• 30:28
  generous Jake from Jake's custom parts.
• 30:31
  Make sure I didn't miss anybody. Thank you guys for these super
• 30:34
  chats. It's going to create look is
• 30:37
  people, this is a big deal is people continue to wake up to
• 30:43
  the truth of what's going going on in the world in the truth of
• 30:47
  the gold and silver, the the the attributes, the reasons why
• 30:52
  owning gold and silver are smart thing.
• 30:54
  We're going to have more and more people and it's not going
• 30:57
  to take many. It's just just a slight uptick
• 31:02
  in demand for silver and gold in particular in the West, guys, it
• 31:08
  will have mammoth impact on the prices of silver and gold.
• 31:14
  We got to remember, we've got to remember, look, we looked
• 31:18
  earlier, the silver prices up 50% in one year according to my
• 31:24
  mathematics. Let's double check that.
• 31:26
  I mean, I got, we got, we got to double check, make sure I'm
• 31:30
  right. But look, if I go back on this
• 31:32
  scale to let's say January 21st, where where was it?
• 31:41
  Somewhere on here. There we go 2113, that was on
• 31:45
  1/19. Well, OK, maybe I was wrong
• 31:52
  $22.00. Anyway, we're up 40% from 22 to
• 31:57
  30 to 45%. Forty, 6% OK in the in the in
• 32:02
  the silver market, we did that guys.
• 32:06
  We did that with no help from Western investors.
• 32:11
  Yes, I understand you love silver, you love gold.
• 32:14
  I do too. I bought some silver over the
• 32:17
  last, but most people didn't. Most people, you know, I know
• 32:21
  that Pymbex is doing very well because Pymbex offers a great
• 32:25
  value to the stacker community, right?
• 32:29
  But a lot of these big bullion dealers are saying that there's
• 32:33
  like, like, not that, you know, there's people buying silver,
• 32:37
  but the overall it's down quite a bit.
• 32:40
  What we've accomplished over the last year, right, a massive
• 32:43
  increase had was not done with any help from the Western
• 32:47
  investor. When these, as this momentum
• 32:50
  continues, as more and more people wake up and we get this,
• 32:56
  we get this, oh, what's the word confluence coming together of
• 33:00
  other factors like we talked about inflation, right?
• 33:03
  When people go to the grocery store and realize, Oh my gosh, a
• 33:08
  gallon of milk is $6 now, it used to be $4.00, right?
• 33:13
  A gallon of milk is $7.00. As we get this confluence of
• 33:16
  factors, it is, look, please, please, this is what this is
• 33:23
  very exciting. I hope you get as excited about
• 33:26
  this as I do. You deserve to be excited.
• 33:29
  You deserve to be optimistic about this.
• 33:32
  OK. It is only going to take a tiny
• 33:35
  bit of improvement. Rick Rule, what does he say?
• 33:39
  What is there? There's a reason why what Rick
• 33:42
  Rule says is so important to us, right?
• 33:46
  Rick Rule says silver, for instance, doesn't have to be
• 33:50
  loved, right? To be to, to skyrocket.
• 33:53
  Basically, I don't want to put words in his mouth to do very
• 33:56
  well. The silver price.
• 33:57
  Silver doesn't need to be left, it just needs to be a little
• 34:00
  less hated. And imagine if you will, right?
• 34:05
  Imagine, Use your imagination, if silver goes from being hated.
• 34:11
  I know it's hard for us to comprehend that silver's hated,
• 34:14
  but it really kind of is. That's OK.
• 34:16
  I love to be buying things that are hated because that gives
• 34:19
  such a massive room for improvement.
• 34:22
  So if it goes from being just a little bit less hated or being
• 34:26
  hated to being a little bit less hated, that's a big move.
• 34:30
  Now imagine if it goes from being hated to the other side of
• 34:35
  the fence to being liked. We're not going to say loved,
• 34:39
  OK? But if it goes from being hated
• 34:41
  to light, whoa, Katie, bar the door, that gets us to $73 per oz
• 34:48
  silver. If it does go to being loved,
• 34:51
  right, then we're talking $85 an ounce silver.
• 34:55
  And if silver or gold for that matter.
• 34:58
  But if either one of these think about this, what if, what if the
• 35:02
  sentiment for silver and gold became similar to what we have
• 35:07
  right now in these tech stocks? NVIDIA, right?
• 35:10
  Everybody was talking about it then.
• 35:12
  Then guys, yes, that's why on these charts a lot, there's
• 35:16
  charts, there's charts that show, I'm going to come out with
• 35:20
  a video on Sunday charts that show the silver price could go
• 35:24
  to 300, three, $170 per oz. Let's talk about the bricks
• 35:29
  quickly. Nobody talks about the bricks.
• 35:31
  Remember the bricks? Remember the bricks?
• 35:33
  The big October meeting where we didn't get official word about a
• 35:38
  gold backed currency. But I want to talk to talk to
• 35:41
  you about some reasons why the bricks are still very, very
• 35:45
  important, OK? Because we don't have this
• 35:48
  official gold backed currency from the bricks yet.
• 35:51
  However, remember this right, the bricks are continuing to de
• 35:56
  dollarize. When they do not de dollarize,
• 35:59
  that sends dollars back to the United States.
• 36:03
  When they send dollars back to the United States, that creates
• 36:07
  more and more inflation. But these bricks countries, this
• 36:12
  is interesting. This is this is a, this is good.
• 36:15
  Get ready hopefully to have a couple light bulbs turned on in
• 36:19
  your head. They don't trust the dollar.
• 36:22
  However, they don't trust each other either or each other's
• 36:28
  currencies. I think it's safe to say that a
• 36:31
  lot of them don't trust crypto either, right?
• 36:35
  So what do they have left to trust?
• 36:37
  They don't trust the dollar. Now I'm just throwing this out
• 36:41
  there. I want you to come to a
• 36:42
  conclusion here. The BRICS countries, and they're
• 36:46
  growing like crazy, don't trust the dollar, right?
• 36:50
  They don't trust each other's currencies.
• 36:55
  They don't really trust crypto to 1° or another.
• 37:00
  What's left for them to trust? Did you come to an answer?
• 37:05
  How about silver? How about gold, right?
• 37:08
  Does that explain why we're seeing the world central banks
• 37:12
  buy more and more gold? Of course it does.
• 37:16
  Of course it does. And that will continue, right?
• 37:20
  It's going to be 2025 is going to be a year for the record
• 37:24
  books. The other thing I want to bring
• 37:27
  up about crypto briefly, I thought about this with China,
• 37:31
  and I'm not saying I believe this 100%, but but I was
• 37:36
  thinking like, why did China make Bitcoin and crypto illegal?
• 37:41
  Is there something in this theory, right?
• 37:44
  And I'll and I'll say these are people that speculate and I'm
• 37:47
  not saying I believe this or don't believe it, but there's
• 37:49
  people that speculate that things like Bitcoin in the
• 37:52
  crypto market were created to divert money away from the
• 37:57
  precious metals because we know silver and gold are considered
• 38:01
  to be kryptonite, right? The enemy of the Federal Reserve
• 38:06
  of paper money, right? This hates this Federal Reserve
• 38:10
  note, absolutely hates silver and gold.
• 38:15
  So this theory, this speculation that some people have because we
• 38:19
  don't really know who invented Bitcoin, that it was created by
• 38:24
  maybe or even our government. Again, some people speculate,
• 38:28
  right, as a diversion to keep money out of the silver and gold
• 38:32
  markets. Does China know that?
• 38:35
  Does China know that the West is controlling?
• 38:38
  And we know now, now suddenly the crypto market is kind of
• 38:42
  being embraced by the government, embraced by our
• 38:47
  mainstream financial institutions.
• 38:50
  Does China know something? Is there a reason behind, if we
• 38:53
  just look at the facts that they had that want nothing to do with
• 38:58
  crypto? I don't know, makes you think
• 39:00
  about it, huh? Makes you absolutely think about
• 39:03
  it. Let's go on to the CME Fed watch
• 39:06
  tool. Wow, what a morning, guys.
• 39:08
  Let's make sure there hasn't been any changes in this.
• 39:12
  So we can pretty much at this point, OK, did go down a bit,
• 39:17
  96%, but I think we can confidently say at this point
• 39:23
  that feels like there's about 100% chance that we're going to
• 39:26
  get a rate cut exactly one week from today.
• 39:29
  Wednesday the 18th will be the meeting.
• 39:32
  Let's look and see. Let's just look and see what we
• 39:34
  can look forward to out a little bit in the future.
• 39:39
  We're going to go all the way into 2025.
• 39:42
  Let's go to June. It'll be summertime, it'll be
• 39:45
  warm outside and let's see what they're predicting for interest
• 39:48
  rates at that point. OK, So currently we're at 4.5.
• 39:54
  They are saying there's almost a 40% chance that we will be 3/4
• 40:00
  of a percent, 75 basis points lower in June and a 34% chance
• 40:06
  that will be 1/2 percent lower. There is a 15% chance, 16%
• 40:12
  chance that rates will be a full percentage point lower.
• 40:16
  Don't forget guys, all of this is happening in an environment
• 40:20
  where we have right now inflation.
• 40:26
  That is above the target of the Fed.
• 40:28
  Remember the feds. The Feds stated stated goal is
• 40:32
  2% inflation. The Federal Reserve has a has a
• 40:37
  goal to steal 2% of your money every year.
• 40:43
  Thank you Federal Reserve, we, we appreciate that, but they're
• 40:46
  exceeding their expectations right now.
• 40:48
  They're stealing it at about a 3% rate.
• 40:51
  Why do we even need inflation? I won't go down that rabbit
• 40:55
  hole. And I know people like Judy
• 40:56
  Shelton say the same thing, right?
• 40:58
  That's their goal, right, is to take 2% of your money on an
• 41:02
  annual basis. And, and we're looking at this
• 41:07
  in an environment where the big money traders are saying that we
• 41:11
  could have interest rates, we know in a week from now 1/4
• 41:16
  point lower. And they're saying that out six
• 41:18
  months, seven months from now, in June, we could be somewhere
• 41:21
  between 3/4 of of a percent lower and a percent lower.
• 41:25
  Inflation is going to skyrocket. It may not hit us until the end
• 41:30
  of 2025, but inflation is absolutely.
• 41:33
  You think they're stealing from American savings right now?
• 41:37
  Buckle up, buttercup. They're going to be stealing
• 41:40
  right now. I know you're like me, right?
• 41:43
  That what? What do we do to protect
• 41:45
  ourselves? We hold silver.
• 41:46
  We hold gold, right? If we could go back, if you
• 41:49
  could go back one year ago right now, right, when you could buy
• 41:54
  these American Silver Eagles beauties for what, $2526 each?
• 42:01
  Would you buy them? Heck yeah, we would.
• 42:04
  I did buy some. I was buying silver a year ago.
• 42:07
  I'm holding off right now. I've got plenty of silver.
• 42:10
  I've shared that with you guys many times.
• 42:13
  I don't think the price will get to $27.00, but I said that if it
• 42:17
  does, I'll add some to my stack, right.
• 42:20
  But it's going to be an interesting ride as we as we
• 42:23
  head out into 2025. Thank you guys.
• 42:27
  Thank you for the Super chats. Thank you for being here.
• 42:30
  I do want to mention to you, we are doing a giveaway.
• 42:34
  A giveaway. Hold on, make sure you can see
• 42:36
  that Dirty Man Safe on December 30th, OK?
• 42:41
  There's a video, there's a link in the description of this video
• 42:45
  where you can go. It says enter The Dirty Man safe
• 42:48
  Giveaway gives you instructions, what you need to do.
• 42:50
  It's real easy, no obligation. I'm not going to send you emails
• 42:54
  anything like that. And you could win one of these
• 42:57
  on December 30th. If you want to get one in the
• 43:00
  interim, you can go to their website.
• 43:01
  Look at that. There's a code Ron 10 if you
• 43:05
  want to save 10%. But I've been very impressed
• 43:08
  when they sent me this, I was I was shocked.
• 43:11
  So you can learn all about it gives you an opportunity to
• 43:15
  securely store gold and silver outside of your home, buried at
• 43:21
  a secret location that only you and someone you trust knows.
• 43:25
  Have a great day, guys. I appreciate you being here.
• 43:28
  And thank you to Jake from Jake's Custom Parts.
• 43:31
  All right, thank you to Iavant for the Super chats.
• 43:34
  Thank you for being here, OK? Be nice to yourself today.
• 43:38
  You deserve it, OK? Tell somebody you love that you
• 43:41
  love them. It's worth it, OK?
• 43:44
  And I love you. And I'll see you next time
• 43:47
  you're in the basement. Bye.
• 43:48
  Bye. Thank you.