Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER $16: Learn from MASSIVE Bank and more...Silver $160!

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SILVER $16: Learn from MASSIVE Bank and more...Silver $160! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
$16.00 silver? Is that where we're headed?
0:04
Or maybe do we put a 0 on the end of that and make it $160
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silver? Sure, I'll get bashed for even
0:13
saying that we could have $80.00 silver, but the prospects for
0:17
silver look brighter and brighter and I've got a big bank
0:21
that I bet you've never heard of.
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They said something very positive about silver.
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We're going to go through a brief report that they put out,
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but it's good news for our friend silver.
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There's so much going on in the world.
0:35
We've got the massive BRICS summit coming up on August 22nd.
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More and more people are saying gold back currency is coming.
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There's even reports that the Russians have officially
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announced that it will be a gold backed currency.
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Things are going to get very interesting for us in the world
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of precious metals. Guys this big bricks meeting
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August 22nd. Somewhere around there could be
1:01
the day a a white swan event for the gold price and the silver
1:06
price. Look, we may not get immediate
1:09
response from the precious metals.
1:11
We know there's a concerted effort possibly to tamp down the
1:15
price to keep it under control. But the general weather
1:19
conditions look like we're headed for a good storm in the
1:23
price of silver and gold. Have you ever heard of a NZ
1:29
bank? Come on.
1:30
Right. Yeah.
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You guys, we're we're a sophisticated crowd.
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I'll be honest, I don't think it's not a bank.
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That was on the top of my mind. A NZ.
1:39
That's the Australia, New Zealand bank.
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They came out with a very, very interesting tidbit about silver.
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Let me read this to you first. Just so you know who we're
1:50
dealing with. Bear with me as I pull up a
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brief description of a NZANZ bank.
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OK? Why am I OK?
2:03
Here it is. No, bear with me.
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A NZ Bank here. I've got it.
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I've got it. Don't leave.
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OKANZ Bank is the Australia and New Zealand Banking Group
2:17
Limited, Australia and New Zealand.
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That explains the A NZ. They're a massive bank.
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They're saying things very positive about silver and we're
2:28
going to get right to that. It's an Australian multinational
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banking and financial services company headquartered in
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Melbourne, Vic. It is Australia's second largest
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bank by assets. OK, the second largest bank in
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Australia. Some of you might be joining me
2:45
from Australia. It's early morning right now
2:48
here in the United States. If you're from Australia, have
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you heard of A and Z Bank? I imagine you have.
2:53
It's probably like Bank of America here in the United
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States or Citigroup or our favorite bank that we all love
3:00
so much, JP Morgan and our good friend Jamie Dimon.
3:04
You know what? I need to get a box to put Jamie
3:07
Dimon in. Let me ask you.
3:08
Let's ask Janet Yellen if that's a good idea.
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No, let's ask Jerome Powell. Jerome, is it a good idea we get
3:14
a Jamie Dimon box? Absolutely.
3:17
All right, Jerome, time to cut rates.
3:20
Now back to ANZ Bank and what they said about silver, because
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there's a lot we can read into this.
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There's a lot, there's a lot of commentary we can have
3:29
surrounding these comments. They said an acceleration in the
3:33
transition to renewable energy is supporting metals not usually
3:38
associated with renewables such as silver.
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This isn't even the good part guys.
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And silver and the silver market may struggle to adjust.
3:49
And when they say struggle to adjust that means price to the
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upside. Okay economist at A and Z Bank
3:55
report. Let me give you a couple quotes
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from A and Z Bank. Due to its high electrical
3:59
conductivity and durability, silver has become important in
4:04
the solar industry with the installation of solar capacity
4:08
rapidly growing its role as an industrial metal this year.
4:15
This is key, guys. Listen to this, Listen to this
4:18
because we're gonna, we're going to talk about this.
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This year, China is expected to add nearly as much as the total
4:26
installed capacity in the US Let me back up and explain that.
4:31
That means that this year alone in China, they will be
4:34
installing more solar panels in just one year than exist in the
4:40
entire United States right now. And we give China a hard time
4:45
about their environmental stuff. It seems like maybe they're a
4:49
little more green, right? OK, By 2025, we expect
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industrial demand for silver from solar to make up 53%.
5:00
Wait a minute. By 2025, Fifty. 3% of total
5:05
demand. This will place increasing
5:08
pressure on supplies. Before I forget, you know who
5:10
sent me this article. You know where this idea came
5:13
from, This great information. You know where it came from.
5:16
It came from you. It came from a guy named Keaton
5:19
who emailed me 5:00 o'clock this morning.
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I'm laying in bed working and I get this e-mail from Keaton with
5:25
this article. Thank you Keaton.
5:27
Thank you to all of you that send me great information.
5:31
My e-mail address is always in the description of every video.
5:34
Guys, China is installing more solar panels this year then the
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United States has in total existence in one year.
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Guys, think about this, It's been reported that the next
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generation, the new generations of solar panels are again now
5:50
using more silver. So think about this, we have
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more solar panels being produced.
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They have silver in them. So there's more silver because
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there's more solar panels. But not only are there more
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solar panels, a double bonuses, there's more silver in those
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more solar panels. They're saying by 2025.
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I missed that the first time I read it, there's a double,
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double, double bonus for us. By 2025, industrial demand for
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silver will make up 53% of the total demand.
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That's huge. We could be in for some great
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times and silver. But wait, our friends at the
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Australia, New Zealand Bank. Now, when you're at the Country
6:34
Club tonight, having dinner, you can start talking about a NZ
6:38
bank. If you're in America and you're
6:39
going to look like you're smart and sophisticated, right?
6:42
Or if you're at 711 getting a Slurpee, like I'll probably be
6:45
doing, you can talk to the guy at the counter and say, you
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know, a NZ bank says that by 2025, silver demand will be
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going through the roof. 53% of the silver produced every year
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will be going to solar. Now let's get to the next point.
7:02
I do like Slurpees. Do you like Slurpees?
7:05
My kids love Slurpees. Slurpees are expensive growth
7:11
and mine production. This is what they say about the
7:13
supply of silver. Again, this is A and Z Bank, the
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most prestigious bank in Australia and New Zealand.
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Growth in mine production is largely beholden.
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I love that word, beholden to other metal metals projects for
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which silver is a byproduct. So what that means is most
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that's produced every year is a byproduct.
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It doesn't come from mines, It doesn't come from Hekla, doesn't
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come from Fortuna, it doesn't really even come from from First
7:42
Majestic, although First Majestic is an awesome silver
7:46
company. Nonetheless, most of the silver,
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I think it's like 75 or 80%, is a byproduct mostly of zinc
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mining and mostly mostly from copper mining.
7:57
And our friend Ross Beatty, the godfather of precious metals,
8:01
the chairman of the board of Equinox Gold, another company
8:04
that I happen to be very fond of.
8:06
And I have an interview on my channel with Greg Smith, the
8:08
CEO. You might want to check that out
8:10
nonetheless. Ross Beatty who started like 8
8:13
super successful mining companies over the years I've
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heard him say that now the new copper mines.
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Remember, most silver comes from copper mining.
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It's a byproduct, it's an afterthought.
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But the new copper deposits are different.
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A lot of them are much deeper and guess what?
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There's not as much silver with them.
8:31
And guess what? Mexico basically just outlawed
8:35
open pit mining. Mexico's making it extremely
8:38
difficult for silver miners to operate the The table is being
8:42
set for a grand feast for silver old Smitty the silver bear named
8:49
by our friend Pat Holland. Remember Pat Holland?
8:51
I'm trying to get him back on the show.
8:53
He's a busy guy. We love him $85 silver coin shop
8:57
Chris, who's here working right now to make this all possible,
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says take the blindfold off Smitty.
9:05
When we hit $85 silver, does it feel like we might be heading
9:08
that way? I mean, this is unbelievable.
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OK. It also, it also says that above
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ground inventories of silver remain plentiful.
9:23
OK, we got to accept that that's not good news, but have dropped
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sharply over the past couple of years because we know from the
9:32
Silver Institute that over the last two years there's been a
9:35
big deficit in silver. There's been much more silver
9:38
demanded then has been supplied. Guys, I think this is great news
9:44
from A and Z. We got still got a lot more to
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talk about it. What would happen if your silver
9:49
and gold got stolen? We're going to talk about that.
9:51
Do you keep silver and gold at your house?
9:53
What if somebody stole it? You know what if you had a party
9:57
at your house and there were thousands of people?
9:59
I know you're a big social and what if your silver or gold
10:02
disappeared? We're going to talk about that,
10:04
OK. And we're going to talk about
10:06
the difference between the spot price and the futures price.
10:09
We got a lot more to talk about. But before we do that, thank you
10:12
for being here. Please give this video a thumbs
10:16
up. Press that thumbs up.
10:17
When we get to 100, I ring that bell 10 times.
10:20
I know it's a big special treat. And please subscribe.
10:23
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10:27
of my life. And you know, whoever lives
10:30
longer, you could be friends with me forever.
10:33
So please subscribe to the channel.
10:34
I also want to mention to you there's a lot of scams out there
10:38
that go on in the comments section of YouTube videos and
10:41
I've been fortunate. The channel has grown.
10:43
I get a lot of views. The scammers are all over our
10:46
comments section. They're very tricky.
10:48
I will never, ever, ever ask you any way, shape or form to give
10:54
me your credit card number. There's a new scam they're
10:56
doing. They're new and creative.
10:58
They come up with new ways to scam people.
11:00
Never will I ask you for your credit card information.
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Never will I ask you to contact me on WhatsApp.
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Never will I ask you to click on some link that asks you.
11:09
You can click on my links, but the ones, if anything, ever ask
11:12
you for any personal information.
11:13
Avoid it really. If you want to get in touch with
11:16
me, my e-mail address is in the description of every video.
11:20
OK, Thank you Coin shop, Chris, and thank you guys in the past
11:24
for all of your super chats. It goes a long way to help
11:28
support this channel. Susie and I are doing this as
11:30
our primary income source raising 2011 year old girls
11:33
which would become very expensive.
11:35
So thank you, thank you, thank you.
11:36
Never expected, always appreciated.
11:39
Let's head to the comments real quick.
11:40
And we got more to talk about Zimbabwe news.
11:44
Yeah. Marshmas the the if you're
11:46
talking about the Russian embassy, I believe in Zimbabwe
11:50
came out with a report that this new reserve currency will indeed
11:56
be backed by gold. OK, there's no you know, Jim
12:01
Rickard said it. The new reserve currency from
12:03
the BRICS nations backed by gold.
12:07
We're getting reports that the Russians are officially saying
12:10
it will be backed by gold. Thank you for bringing that up,
12:13
Ron. Forgot about the Alabama
12:14
beaches. Come to Corpus Christi best
12:17
beaches. OK, you know what?
12:18
Maybe I'll look into that. This year.
12:20
I go to Alabama most years, somewhere in October, November.
12:25
So Corpus Christi, low blood pressure.
12:27
Remind me of that again. Snake bite.
12:30
Hey buddy, Good to see you. Snake bite.
12:33
August 22nd, 2023 Bricks Announcer Gold Back Curtsy
12:39
Marsh. Man, you have girls too.
12:41
Yes, I have twin girls. I'm a Nigerian Prince giving
12:45
away free silver. Thomas Drellick.
12:48
Yes, that's a very common Nigerian Prince.
12:51
Name. Thomas.
12:52
Send me an e-mail and I will send you all of my banking
12:55
account information so I can get my share of that free silver.
12:58
No, guys, never send your banking information.
13:01
Never send your credit card unless you absolutely are
13:04
comfortable. I will never ask you for either.
13:06
OK? If you want to help the channel,
13:08
super chats are great. And then I have a PayPal link, I
13:11
think in the description of all my videos.
13:14
But you know this is free, right?
13:16
I've been sponsored in the past. I have a sponsorship upcoming,
13:22
you know, anyway, but I'm never going to ask for that
13:24
information. Good morning, Matt.
13:25
Tindo. What's the girls?
13:27
The gold ratio. Oh, boy, that's a good one.
13:31
I don't know how to answer that. All right, guys, what would
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happen if your silver and gold were stolen?
13:41
Maybe you stack silver. Maybe you stack gold.
13:43
What would happen if you went to look at your stack and poof, it
13:47
was gone? All your silver's gone.
13:50
Right. Right here. 10 ounce bar.
13:54
All right. Let's say you got some of those.
13:56
I just have one, of course. But nonetheless, let's say you
13:59
got a big pile of them and they're gone.
14:02
Are you covered? What's your situation?
14:04
We've got a great subscriber from New York.
14:07
He's been in the insurance business for 50 years.
14:09
His name's Mike. He sent me a great e-mail last
14:13
night. I'm not going to read it line by
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line because he's doing a little more research, but there's a
14:18
couple key things we can talk about in in terms of if your
14:22
silver and gold were to be able to disappear, be stolen.
14:26
Number one, you might have a little bit of coverage under a
14:29
homeowners or renters policy if you have that.
14:33
But it's not going to be significant, right?
14:36
It could be $500, it could be 1000, it could be 2000, but
14:40
likely it's not going to be very much.
14:41
You might be able to add like a rider on to your homeowners
14:46
policy. And again, guys, I'm not giving
14:48
financial advice, just what I'm learning, just what I'm passing
14:51
along. You can do some research on your
14:53
own as well, but you may be able to put some type of rider on
14:56
your homeowners policy to increase the amount.
15:00
But then it gets tricky because there's different insurance
15:03
policies available based upon whether you have a coin
15:08
collection like a numismatic type collection right?
15:12
Coins that are valued for their silver and gold content, but on
15:15
top of that because they're considered rare and people will
15:18
pay a big premium, right? Like an Ultra rare American
15:22
Silver Eagle or an ultra rare gold whatever.
15:26
Buffalo from you know, whatever you know are no ultra Rare
15:29
Morgan that's worth more than just the silver content.
15:32
There's different. Hey, thank you Neil for the
15:34
Super chat, I'm Lucky Neil and thank you for your help on the
15:39
channel Neil, I appreciate that. That is awesome.
15:43
So when you're looking at insurance, there's difference
15:46
between ensuring bullion and ensuring numismatic a
15:50
collection. OK, there are and again I'm not
15:53
an expert. I'm trying to relay what what
15:55
this great gentleman Mike said to me and if I screw anything
15:59
up, I apologize. But it's a little seems to be a
16:02
little easier to get insurance on a coin collection, a
16:05
numismatic collection, OK, but then there's a bunch of hoops
16:08
you got to jump through to insure it like you know have it
16:12
appraised and and do that type of thing all right.
16:15
If you just want to insure a bunch of these bullion, let's
16:19
say you got a bunch of these sitting around your house, it
16:23
becomes even more difficult. There's appears to not be as
16:26
many options available and there's limits and I think he
16:31
mentioned like $100,000 you probably you probably have a
16:35
couple 100,000 or 500,000 of silver at your house.
16:38
But nonetheless, it becomes a little trickier.
16:41
And it appears from what I read and what I learned from Mike and
16:45
what I looked up online, that there's even fewer options
16:49
available in that regard. He did mention a company called
16:52
Shore. SURE, he wasn't sure, pardon the
16:57
pun, and didn't want to give, like a lot of details.
17:01
But that's one you can possibly check out that might offer
17:04
insurance policies on physical metal.
17:06
Because think about silver and gold, right?
17:09
And then they could become much more valuable, right?
17:12
Aren't we kind of hoping for that guys?
17:15
And and you know, if it were to disappear on you, that would be
17:21
devastating. You know, silver and gold have
17:25
all these wonderful qualities. There's no counterparty risk.
17:28
And one of the articles I read brought up a great point, like
17:30
the only real risk associated with silver and gold, is it
17:35
being confiscated or stolen. And we know, right?
17:39
I mean, because you own it. You hold it when you when you
17:42
hold a 10 ounce silver bar in your dirty little paws, you got
17:47
it. It's yours.
17:48
You're not relying on a bank. You're not relying on anybody
17:52
else to provide you with that value.
17:55
You hold it. And man, it feels good, right?
17:58
I mean, we love our silver and our gold for that matter.
18:02
But the risk is the one risk is that it disappears.
18:06
And think about what happens when there's big wars.
18:09
I don't say war, Susie gets. And also I got to talk to you
18:12
about the red shirt. Don't remind me at the end.
18:15
I got a big controversy here in the house about the red shirt.
18:18
But nonetheless, when there's wars, because Susie says I can't
18:22
say, hey, thank you, Coin shop, Chris.
18:24
You guys, man, so nice when there's war, Not war, war.
18:29
What's the first thing they do? They take the gold, right, The
18:32
conquering country. I wonder why that is.
18:35
I wonder why. And that goes on even to today.
18:39
I mean, why are central banks buying all this gold?
18:42
Why do conquering countries come in and take the gold?
18:47
Hmm. Interesting.
18:49
Oh, it's just a barbaric relic, of course, right?
18:52
Gold and silver. I mean, come on.
18:55
Oh yeah, Silver's only been the most common form of money for
18:58
like 5000 years, but nonetheless, we digress.
19:02
So guys, I hope you never faced that situation.
19:06
I hope I never faced that situation where thank you for
19:09
the Super chat, Super Chat Coin Shop Chris absolutely not
19:16
expected from you of all people. Guys please tell coin shop Chris
19:20
thank you for his help on the channel.
19:22
This really wouldn't be possible without his help.
19:25
Neil as well helping out. You know, it's awesome and good
19:31
people, man. You guys are good people.
19:33
That's what energizes me to come down here and do this right to
19:37
get together with you. There's 250 of us on an early
19:40
Saturday morning. How cool is that?
19:43
And remember, we are just a sliver of a sliver of the
19:47
population, especially in the United States.
19:49
We need to stick together. You are part of a group on my
19:53
channel, on other channels you watch, you are part of.
19:57
We're a little subgroup of the silver and gold community.
20:00
Check out the Silver Digin Club sometime on Reddit, guys.
20:04
I'm telling you, they're doing a great, great job over there as
20:07
well. Let's move on.
20:10
I got another e-mail. Hold on here.
20:13
This one from our friend Scott D I'll never say your full last
20:17
name online unless you want me to anyway, Scott D said.
20:21
Dear Ron, I watch it. Enjoy your YouTube channel.
20:24
It's very informative. I apologize for torturing you
20:28
sometimes. Scott DI have a question to ask
20:30
you. I've noticed that the spot price
20:33
of both silver This is a common question a lot of you have.
20:37
The spot price of both silver and gold varies on a different
20:41
precious, on different precious metals dealers websites at the
20:45
same time and date every day. For instance, today 2:00 PM, the
20:50
Spot gold and silver on SD bullion site was 1935 and 2331.
20:55
For silver on Monument Metals it was different.
20:59
Instead of 1935 for gold, it was 1927 and instead of 2331 for
21:05
silver it was 2316. At Max was even more 1939 for
21:10
gold and 2340 for silver. What gives?
21:14
I've noticed that this since I started purchasing these metals
21:17
from different online dealers. I would appreciate knowing why
21:20
the difference and if you could enlighten me, well you're in the
21:24
right place for enlightenment. I can't tell you how many people
21:28
have contacted me saying that I've enlightened them a little
21:31
bit of light, Maybe it's all these light bulbs, but we'll do
21:34
our best. I want to explain this to you.
21:38
What's why you see different prices for silver and gold?
21:42
There's two things, two things #1.
21:45
The easiest answer to that question is some sites use the
21:49
Spot gold, silver price, OK? That's the immediate price for
21:54
silver and gold. If you want to buy it right now,
21:56
it's the spot price. Correct me if I'm wrong on this,
21:59
guys. I'm not.
22:00
You know, we're all, all of us learning together, but that's
22:04
the spot. I go to kitco.com, that's where
22:07
I get the spot price of silver and gold.
22:11
A lot of sites, for instance, Yahoo Finance, if you go there
22:15
and on the top bar, they always still have silver and gold up
22:18
there, which I find very interesting right along with the
22:21
S&P 500 and everything else. But remember, it's just those
22:24
silver and gold are just barbarous relics, right?
22:27
But for some reason, Yahoo Finance has them up there.
22:30
Yahoo Finance, the price is always different from Kitco and
22:35
I'm like, huh, interesting. And there's an easy answer as to
22:38
why that's the case. Kitco uses the spot price.
22:42
Yahoo Finance and another number of other sites they use the
22:47
futures price they use. I think it's what's called the
22:49
current month. The most current futures
22:52
contract price and futures are contracts to buy silver at a set
22:57
price on a set day. I don't know all the details
23:00
right now, but what are we, June, July 8th?
23:02
So maybe there's a futures contract that expires later in
23:07
July. I don't know the specific dates.
23:09
Maybe it's not until the early August.
23:11
It's likely going to be somewhere within 30 days and
23:15
that price is always going to be higher.
23:18
Okay? If it's not, if it's lower
23:21
technically you want to use a big technical term.
23:23
I believe that's called backwardation and that does
23:26
happen from time to times where the for the spot price is
23:29
actually higher than the futures price.
23:31
But usually you're going to see a difference between the spot
23:35
price, like on Kitco, the immediate price and the futures
23:38
price. With gold it usually seems to be
23:42
somewhere between $5 and $10.00 an ounce.
23:45
With silver it can be like $0.10 to $0.20.
23:48
So that's why that's the case number two, when you go to
23:52
different, I'm not accusing anybody of anything, but I think
23:56
a lot of the online bullion retailers, they want to use the
24:00
highest spot price within reason without without drawing your
24:06
attention as they can because the higher the spot prices the
24:10
higher they can or the higher, I'm sorry the price of gold and
24:13
silver, that's not the spot price usually that's the futures
24:16
price, some sort or something. But the higher that prices that
24:20
they can say gold is, let's say the spot price is 1900 even, but
24:26
the futures price is 1915. Well, they can base their
24:31
pricing on their website off, They'd rather base it off the
24:34
1915 than the 1900. Does that make sense?
24:38
I'm not accusing anybody of anything.
24:40
What I'm saying is if you're buying gold and silver, right?
24:44
Let's say you're buying this bar, it's a CMCMT metals bar.
24:49
If I was going to and it's .99999999999999999% pure, If I
24:58
was going to buy another one of those, I would do a Google
25:01
search. I would search on eBay.
25:03
I would look everywhere to find the best reputable seller that
25:09
has that exact bar and I the best price amongst all those,
25:13
because you are never going to find one website that always has
25:16
the best prices, right? But you want to be careful as
25:20
well, right? There's there's a caveat to that
25:23
because you want to make sure that whether you're buying
25:25
American Silver Eagle or Australian Kangaroos are cuckoo
25:29
burros like our friend coin shop Chris likes.
25:32
I think if I remember correctly, he likes the kookaburro.
25:36
Kookaburro. Yeah.
25:37
Anyway, compare because one site might be better on 10 ounce
25:41
bars, another one might be better on Kangaroos or
25:44
kookaburros or whatever, right? You know what I'm saying?
25:47
Get my drift? So that's why we have different
25:50
spot prices. Hey Thomas, wow, what a cool
25:55
gift. Super chat from Thomas Drelek.
25:57
Ron, thank you for all the videos and live streams you and
26:00
informative information you provide.
26:02
The community Silver under 30 is a number brainer for silver
26:05
purchases by gold, precious metals and direct from the
26:09
Majestic. From First Majestic.
26:11
Yeah, you know you can buy silver from First Majestic.
26:16
Keith Newmeyer, right? He's the CEO, right.
26:19
The Crown Prince of silver. You know Russ Beatty's the grand
26:23
poo BA. But, but but Keith Newmeyer,
26:29
Keith Newmeyer's The Grand Prince, First Majestic.
26:33
They have their own store. You can buy silver directly.
26:36
And Keith, let me talk about Keith Newmeyer for a second
26:38
because I got a ton of respect for the guy.
26:41
I know this company's been struggling.
26:43
Thank you, Thomas. Thank you.
26:46
But I will tell you Keith Newmeyer, he is on our side.
26:51
He is totally a silver and gold guy.
26:55
He's also the chairman of First Mining Gold, which is another
26:58
reason why I love First Mining Gold and Dan Wilton, what he's
27:01
doing over there. But but Keith Newmeyer is on our
27:05
side guys. He's made public statements.
27:07
Correct me if I'm wrong, Keith and I've talked with Keith one
27:10
time and I'm going to talk with Keith again because he's cool
27:13
and he's smart and he's driven and he believes in silver.
27:16
He's even said like we need to like get some type of
27:19
organization of silver miners, excuse me, to help to help
27:26
control the price. I mean even the Chinese are
27:28
saying that there was a couple Chinese state news reports where
27:32
these silver guys are saying we need like an OPEC for silver.
27:37
So I mean, look at what I just read you from ANZ Bank.
27:40
Those of you who just joined me, go back and watch the replay of
27:43
this, because ANZ Bank, Australia, New Zealand Bank,
27:46
they pointed out unbelievable information about silver demand
27:50
coming down the road. You know, I mean, so yeah, keep
27:56
new Meyer triple digit silver one.
27:58
Hey, we got 100 thumbs up. I'm gonna ring the bell 10
28:01
times. That's one time for each thumb
28:03
up. That's called ringflation
28:05
123456789. This last one's for you, 10.
28:15
All right, guys, what about the red shirt?
28:19
Let me ask you real quick, does this red shirt bug you?
28:23
I wear it every video. It's like who I am.
28:25
It's part of me. There's someone who's very
28:27
significant in my life, who I love dearly, who likes, is
28:32
involved with the channel. And oftentimes she says, will
28:35
you stop wearing that red shirt? Will you shake it up a little
28:38
bit? I tell you what, let's do a
28:39
quick poll, if you don't mind. Would really help.
28:42
If you think I should keep the red shirt, type one.
28:45
If you think I should dump it, take two, two.
28:49
Type 2. Dump two.
28:50
Keep the red shirt. One, I get A1.
28:54
James is jealous of my red shirt 11 Red.
28:57
No. Why do I know?
28:58
Come on dude. One.
29:00
I like the color 11. James Smith 10.
29:03
Boy Now I appreciate. Susie's just trying to be
29:05
helpful. I'm not mad at her.
29:07
I'm saying I can be short tempered sometimes. 11111.
29:12
How about a blue shirt? Yeah, every once in a while I'll
29:15
wear a different shirt. Rick Rule says triple digit
29:17
silver. Hey, Marsh Mans, we love Rick
29:21
Rule. He's another guru.
29:22
Rick Rule. And we got to remember.
29:25
Thank you guys for voting. We got to remember here.
29:29
Not wrong book. Darn it.
29:31
Well anyway, this is a good book to 925 silver if you guys are
29:35
ever interested. But anyway, Stuart Englert wrote
29:39
a book about the manipulation of the silver price.
29:42
This guy's smart and he's going to be back on my show.
29:45
We love you, Stuart Englert. OK, he talking about the
29:49
manipulation of silver. Excuse me.
29:51
I'm sorry. When.
29:52
I'm sorry about that. When is the silver market gonna
29:55
break? And he laughed and he said, he
29:58
said it's gonna break. He said.
30:00
But we've been waiting for it for 15 years.
30:04
Rick Rule has a great saying, right?
30:08
Like I made-up Unicorn fart dust.
30:10
I think. I'm pretty sure I made-up
30:12
Unicorn fart dust. I may have heard it somewhere
30:14
else. If you think you made it up, let
30:15
me know. Nonetheless, Rick Rule has a
30:18
great saying about what's going on in the in the silver market,
30:22
the gold market, precious metals in general, he says.
30:26
Don't confuse that which is, oh shoot, I'm forgetting what he
30:31
says. Don't forget that which is
30:35
imminent with where that which is.
30:38
But basically what he says. Man, my my brain's not working.
30:41
Don't confuse something that is bound to happen with the fact
30:47
that it's going to happen right away right like you know it's
30:50
going to happen. The conditions are in place.
30:52
But don't think that just because that's the case that
30:55
it's got to happen next week or it's got to happen next month.
30:57
I know we've had to be patient guys those of us somebody if
31:01
somebody has that saying please put it in the I feel like a big
31:04
dum dum I need to write those things down before I get on
31:07
here. But don't confuse that which is
31:09
imminent with that which is something Rick Rule with all his
31:13
wealth. Yes, that's true, Frank.
31:16
That's true. Blue is the new red.
31:18
Hey, Neil. Oh, come on.
31:22
Somebody come up with that. Rick.
31:23
Rick rules. Oh, I didn't know that, Neil.
31:27
That's interesting. Rick Rule is ignorant.
31:30
I've been getting a lot of questions about platinum.
31:32
A lot of interest in platinum. Guys, let me ask you, let's do
31:36
this. Let's do this.
31:39
Do you own Platinum? If you do, yes, type one.
31:45
If you don't know type 2, do you own Platinum Coin Shop?
31:50
Chris, am I forgetting anything? We talked about the scams,
31:54
right. Coin shop Chris and I are going
31:56
to be making a video later today.
31:58
So no. Is 2.
32:00
Right? No, no, no.
32:02
Philip Martinez? No, no.
32:04
Joe Fulland? No, no, no.
32:05
Doug Flinch. So a lot of news about seems
32:08
like maybe 40%, Ebert Beeman says.
32:15
Ron, you're not a dumb, dumb. Michelle Obama has his moments
32:18
too. Can somebody please, please tell
32:23
me what that Rick Roll saying is?
32:24
Don't confuse that which is inevitable.
32:28
Oh, that's it. Don't confuse that which is
32:32
inevitable with that which is eminent.
32:35
Thank God the old brain still is working.
32:38
I'm 53 years old. You know, I have a hard enough
32:42
time putting on lace on shoes, more or less remembering things.
32:45
Oh yes. Oh shoot.
32:47
What was her name? I had got a great super chat
32:50
yesterday from and it was in DKK, which I think is Danish
32:54
kroners. Oh man, I had it written down.
32:57
Hold on a second. And I forgot to say thank you.
32:59
Here it is. And I put a community post.
33:02
Kirsten Iverson, 169 DKK's, which was very generous.
33:08
Kirsten, thank you. You're probably sleeping right
33:11
now, but if you're watching this later, thank you.
33:13
Thank you. Coin chop, Chris.
33:14
For reminding that Frank de Silvio, 53 years young.
33:18
Philip Martinez. I'm a young whippersnapper.
33:21
You got that right. Oh, I got big news, right?
33:25
Huh. Huh.
33:26
I'll give you 2 more rings since we're at 1:25.
33:30
I maybe I'll give you one more when we get to 130, but we got a
33:33
great guy here in St. Louis.
33:36
I'm going to call him Cowbell Joe.
33:38
He's a regular watcher of the channel.
33:41
He actually works sometime. I have a big water plant by my
33:44
house. It's fascinating.
33:45
It was built like in the 20s. It's massive.
33:48
It's down by the river. I live right by the Missouri
33:50
River, by the way, where everybody went West on the
33:52
riverboats. Anyway, there's a big water
33:54
plant. He works there.
33:56
He got a cowbell for me. So the new deal is going to be
33:59
when we get to 200 thumbs up during the live streams we're
34:02
done ringing this little bell That was my fatherinlaw's.
34:05
God rest his soul he was a wonderful wonderful man and
34:09
we're going to ring the cowbell that's the that's the big big
34:13
big big big deal. So this bricks what do you guys
34:18
think massive massive bricks meeting coming up in August.
34:24
All we're hearing is gold backed currency.
34:28
We got reports from Russia, the the Russia media, Russia Times
34:33
saying that they're announcing basically this new currency will
34:38
be gold back. Now I read a report, I don't
34:41
want to be. We got to look at both sides of
34:43
the coin. I read a report that said that
34:45
might not be like immediately good for gold and silver.
34:49
What do you think? What do you think about this new
34:51
bricks gold backed currency? I've got something interesting I
34:56
want to talk about in regards to it that I don't think anybody
35:00
talks about. It's it's a it's and it's good
35:04
for the precious metals, but nobody talks about this.
35:07
And it's not that complicated. But to me it makes sense.
35:14
What do you think about bricks? Tired of the bricks?
35:16
Yeah. Well, it's the big story, right?
35:19
It's coming up here in six weeks.
35:22
But yes, I agree it is. The dollar is dead.
35:25
The dollar is dead. Hello gold, silver, Good to see
35:28
you. Hello Steven.
35:29
A lot of crappier currencies getting together.
35:31
That's a good point Steven. Good point.
35:34
Jerome Powell says overtime Ron Bricks controls most of the
35:39
platinum mines. Neil that he got, the platinum
35:42
guru says and have used platinum as money.
35:45
Good point. And the platinum eagle is it
35:48
called. Neil, interestingly has a $100
35:52
face value. Jeff, I'm new to silver
35:54
stacking, been at it for three months with my 16 year old son
35:57
and a local coin shop yesterday and was talked to like an idiot
36:01
for stacking silver in front of my son.
36:03
I don't know, I'd go to a different coin shop, Jeff,
36:06
because most of them are very, very positive on silver.
36:10
Maybe they didn't have a lot of silver to sell you, right.
36:14
But to think that a local coin shop would talk negatively about
36:18
silver, How dare they? You know, maybe, like I said,
36:24
maybe they don't have a lot of, they didn't have a lot of
36:26
silver. So they were trying to get you
36:28
to buy platinum or gold or something like that, which is
36:31
not bad. But I don't know.
36:32
That's very interesting. They found a way around Swift.
36:37
Yeah, the Swift guys. The Swift system is the
36:41
interbank system used by the West, dominated by the United
36:44
States. And now they're developing their
36:46
own systems. Iran has a system that they're
36:49
backing that a lot of the Eastern and the BRICS countries
36:52
are using. Russia was kicked out of SWIFT.
36:54
They're they're surviving without us.
36:57
Right. With the bricks.
36:59
The bricks will cut the head off.
37:00
The snake. Yeah.
37:02
Hey, Andrew just got his first platinum congratulation, never
37:06
returned to that local coin shop, Lane says.
37:08
Yeah, I would kind of feel that way as well, Thomas.
37:11
I believe it when it happens, yeah.
37:13
There's people that are saying it's not going to be this big
37:16
immediate windfall for the gold and silver price.
37:20
I can see that argument, right. I would say at minimum, right,
37:24
the worst case scenario, it's going to be very supportive for
37:28
the gold price and silver price unless unless some powerful
37:32
countries that don't like silver and gold try even further to
37:38
manipulate the price down. But here's here's what I want to
37:41
talk to you about. Here's what I think is super
37:44
interesting on a big picture. Let's zoom out, let's open our
37:48
minds and let's think about the gold standard In the silver
37:52
standard, right the world over the over the millennia has been
37:56
on the gold, silver and silver and gold of gold and silver
37:58
standard. Easy for me to say it has.
38:01
We know that it's the base of all real money, gold and silver
38:05
at the bottom of John Extra's pyramid.
38:07
John Extra was a United States Federal Reserve governor.
38:11
He didn't die that long. Go.
38:13
He wrote extensively about how gold and silver are the base of
38:16
everything. Zoom out, make believe you're on
38:19
a satellite, or you're on that Richard Branson space plane.
38:23
Whatever. You're orbiting Earth, you can
38:25
see Earth altogether. Guys, when you look at Earth,
38:28
all right, are you looking at Earth?
38:31
Can you visualize? There's only there's a finite
38:34
there's a limited amount of gold and silver on the planet.
38:37
We've already covered why silver and gold are the ideal forms of
38:41
money and currency. There's only so much of that on
38:44
the planet. There's an unlimited amount of
38:47
paper and electronic money. You can make more bitcoins, you
38:50
can do whatever you know. You can grow trees into
38:54
Infinity. Now they don't even need paper,
38:56
they just make it electronically.
38:58
There's a limited amount of gold and silver.
39:01
Here's where it gets interesting with this bricks development.
39:04
If these bricks countries are successful in in making gaining
39:09
traction with this gold backed currency in the world.
39:13
I mean like we know it's a it's the biggest percentage of the
39:17
world's economy. It's by far population wise and
39:21
they're growing economies and their middle classes are growing
39:24
the exact opposite of what's going on in the United States
39:27
right. It's so if they start to gain
39:30
traction with this in the world starts to use gold, the United
39:35
States de facto could be kind of forced into a if we want to
39:40
trade with them, they're trading in gold back currency, we're
39:44
going to be kind of forced into a precious metals backed
39:47
currency environment. Does that make sense?
39:50
Right. I mean to me that makes sense.
39:52
I know it's a little heady, but if everybody else is saying,
39:55
hey, this is what is value and then, you know, the 40% of the
40:00
world economy says, Oh no, no, no, no, no paper money and.
40:05
Built, built on confidence in these fine politicians we have
40:10
in Washington. That's what's valuable.
40:13
Paper money. Electronic money.
40:16
CBDC is valuable. Make believe.
40:21
What do we like to call it, guys?
40:23
We like to call it Unicorn fart dust because gold and silver are
40:27
the only forms of real money. Really, Really think about it.
40:30
Remember, you're out in outer space looking down at Earth,
40:34
right? There's only so much gold and
40:35
silver. All that other stuff, it that
40:38
you can't even see it. It doesn't really see a bunch of
40:40
trees, you know, they're everywhere.
40:42
See a bunch of water, right? You might as well make water
40:45
money, right? No.
40:47
There's only so much gold and silver.
40:48
Everything else, indeed, is just Unicorn fart dust.
40:54
I won't say it again on this live stream, my friends.
40:56
I will not say it again. Gold going to $20,000 per oz.
41:02
Marsh Man's, you are on A roll. I appreciate you putting things
41:05
in all caps That way. I know you got something that
41:07
you want me to talk about. Thompson Coin and stamp
41:10
collecting. Hello, Thompson.
41:13
Nice to meet you, my friend. Welcome to Ron's basement.
41:16
We are like the summer camp. Your mommy and daddy just sent
41:20
you off The summer camp, right? Hey, we're all kids at heart.
41:23
We're like the summer camp for Silver and Gold investors, or
41:26
the Mr. Rogers neighborhood, whichever you prefer.
41:29
But it's summer. So we went off to summer camp.
41:31
We're all sitting around the fire.
41:32
What do we want to talk about? We want to talk about silver and
41:35
gold. Coin shop.
41:37
Chris, you're still here. Good to see you, my friend.
41:41
As always, Coin shop, Chris. Hello, Neil.
41:44
In March 2008, Platinum was 2270.
41:48
Wow. Gold was 1000.
41:51
Now it's inverse, right? Platinum's what, 9 something?
41:54
950 and gold is twice as high. Very interesting.
42:00
I'd say that I'm going to go buy a platinum coin, but I've said
42:03
that in the past and you know what?
42:04
I need to be a man of my word. I'm not going to spray paint my
42:08
hair red again anytime soon. Kind of like fried my hair.
42:13
Here I sit and camp in Ron's basement.
42:15
Original intent. You got that right.
42:16
Gold back is here as well, but it's a collectible.
42:19
No one uses it. Interesting, very interesting.
42:24
Any thoughts of when premiums go down, I'll, I'll let coin shop,
42:30
Chris chime in on that. But premiums on silver, I don't
42:34
see him going down. I don't not back to where they
42:37
were, not back to you know four years ago, five years ago.
42:41
I think the big picture for silver and gold, the premiums
42:46
aren't quite as high on a percentage basis on gold, but
42:49
the the premiums to me aren't going anywhere.
42:54
You know, they might drop a little bit, but I think we're
42:56
now in a permanent environment. And what is the real price of
42:59
silver, right? What is the real price of
43:02
silver? It's the spot price is $23,
43:05
right? But what's the real price of
43:08
silver? What does it really cost you?
43:09
I think if you're lucky, you might get a 10 ounce bar at 25
43:14
bucks an ounce right Now beware breakable silver for barter.
43:21
Yeah, that's one of the key attributes of silver.
43:24
You can divide it, right? If I needed to, I can cut this
43:28
in the smaller pieces. I hope I never have to do that,
43:31
but if I have to, I will, right. You know, here's a beautiful one
43:35
ounce bar. We can, we can chop these things
43:37
up. I could cut that into four
43:39
pieces and have quarter ounce of silver, right?
43:42
Go buy a, go buy a couple days worth of food if I had to,
43:46
right. I mean, if we had to.
43:48
I'm not saying. I think we're going to get to
43:49
that point and and and I don't think we have to get to that
43:52
point, guys, for us to realize the true value that we have in
43:58
silver and gold and platinum for our friend Neil.
44:02
We can't forget about platinum. Melt it, Don't cut it.
44:05
Yeah, you know what? That'll be one of my goals
44:09
before the end of the year. I'm going to do that for you
44:12
guys. I'm going to learn how to melt
44:13
silver. There I go, opening my big mouth
44:16
like when I said I'd paint my head red if Golden gets 2200.
44:19
But I'm going to learn how to melt silver down.
44:21
What the heck, I'll bring you on that little journey with me if
44:24
you're interested. It should be interesting.
44:28
No, James, I've never played a game of ping pong for an ounce
44:31
of silver. No, when I was younger and I
44:35
drank a lot, I had this neighbor named Butch, and Butch was good
44:39
at everything. Horseshoes.
44:41
Ping pong. He was just one of those guys.
44:44
He was good at everything. He worked at a Cadillac
44:46
dealership. He was cool and I used I
44:48
honestly, I used to really party a lot anyway.
44:50
I played Butch one night when I had drank a little too much.
44:54
I was probably in my mid 20s and I owned my house and I bet him
44:57
my house and he won and he's and it was just a joke.
45:03
Better be careful what I'm saying here.
45:04
I'm going to get a letter from a lawyer.
45:05
It was just a joke. But he always joked around with
45:08
me afterwards, saying you still owe me that house.
45:10
You know, Daniel's going to get his own furnace and mount.
45:15
Has anyone here ever melted, melted down silver?
45:19
If you have, say yes. I'd be curious if you ever in
45:23
what temperature? I've looked it up before.
45:26
I think it's 1700 degrees. Yeah, Blaine, I know I learned
45:31
my lesson. I never bet against Butch again.
45:34
Blow dog. Yes, Ron's Bay.
45:40
Man, you guys. Never.
45:41
You never seemed to cease to amaze me.
45:43
I must have never seemed to amaze me.
45:45
You usually never seem to amaze me but never cease to amaze me.
45:49
Joe Fowler. This is funny, guys.
45:51
He said if I meltdown silver, then I could be Ron's base meant
45:57
MINT. Ron's base meant, Man, that's my
46:00
new business. Ron's base meant probably blow
46:03
myself up. Hello, Daniel.
46:06
Yes, Thomas Toobs has. All right.
46:09
Yes, I'll pay. I'll pay you for an ounce of
46:11
silver. I don't think there's a lot of
46:13
profit in it selling silver, but y'all keep that in mind.
46:17
Dean Brown Dog. Mark Carroll.
46:20
Haha. Party in 2023 because silver's
46:24
going to $999 per oz. Do you think that's possible?
46:30
You know, I get a lot of heat. Oh, I got to talk about this
46:32
too. I got two and this is this is
46:34
this is great. I get a lot of heat, right?
46:37
If I if I make a thumbnail for a video, that's that little thing
46:40
you see before you click on it and I say $60.00 an ounce,
46:43
$70.00 an ounce. Sometimes I'll say $50.00 an
46:47
ounce, sometimes I'll say $14.00 an ounce.
46:49
Look guys, anything's possible, right?
46:52
We could get $16.00 over. Yes, we know it could happen
46:56
$160 over in the next 12 months. I think both of those are.
47:01
I'm not predicting either will happen, but definitely within
47:05
the realm of possibilities. I mean really at some point
47:11
silver, when the dollar with all the screwed up, You know how
47:15
screwed up America's finances are, right?
47:18
And if history's any indicator right, all Fiat currencies fail.
47:23
Well, what happens when the US dollar fails?
47:25
What happened in Venezuela when their currency failed?
47:28
What happened on the Wein Mar Republic?
47:29
What happened in a host of African countries when their
47:33
currency failed? I'll tell you what happens,
47:35
right? Gold and silver.
47:37
Ask people in Turkey right now. Right, right, they're having
47:42
hyperinflation or they had some periods ask people in Nigeria,
47:45
Zimbabwe. Go and the currency gold goes.
47:49
I mean, sure, you know what? I could make a thumbnail that
47:52
says $60 million silver, because at some point, look, I'm an
47:59
American. I'm full blooded.
48:01
I don't love what's going on in our country.
48:03
I don't agree with 100%, but I I still love my country, right?
48:07
Or like it a lot. Anyway.
48:09
There's parts I don't like but at some point, right?
48:12
And I so I it wouldn't be good news for me.
48:15
The dollar will become either worthless or worth less, and we
48:20
could see these astronomically high silver prices, platinum
48:24
prices, gold prices right through the roof, numbers that
48:27
we can't even imagine. That would be when we might be
48:31
cutting this up. Okay this cool little silver
48:36
bar. Look at the back of it.
48:38
I think it says the coin shop corner.
48:40
My friend in California sent me that into 10 pieces so I can go
48:45
buy some food or some fuel to run my, you know, whatever,
48:48
right? Final thing we got to talk
48:51
about. I had some really, really nasty
48:54
comments. Okay.
48:56
Look, you guys are always awesome, but there's always a
49:00
couple people. And I had one guy, maybe it was
49:02
even an e-mail from Cleveland and he said you got to stop
49:08
promising people they're going to get rich on silver.
49:11
You're you're misleading people. You're leading them down the
49:14
primrose path, telling them they're going to get rich.
49:17
Look, I don't have a crystal ball.
49:19
I'm not giving financial advice. What I'm sharing with you is
49:22
what I believe. Right?
49:24
And I've never said, hey, buy silver, you're going to get
49:27
rich. No.
49:29
Or have I? Right.
49:31
I will argue that silver's undervalued right now.
49:34
I will argue that because I believe it and I put my money
49:38
where my mouth is. I think gold's undervalued,
49:41
right? I eat my own cooking.
49:43
OK, but I'm not promising you that you're going to get
49:46
magnificently wealthy. Is there a chance that could
49:49
happen depending on how much silver you have?
49:52
Absolutely. There's a chance, right?
49:54
I'm not saying it's going to happen, but there's certainly a
49:57
chance. I think at minimum.
49:58
Whoa, no, I kicked you. Sorry.
50:02
Oh, sorry. Hopefully you don't get motion
50:05
sickness from that. I, I, I, you know, at minimum,
50:09
silver and gold are going to maintain their value.
50:12
They're going to help you maintain your wealth.
50:14
I think on the upside, yes, we could see a situation where the
50:19
relative value of silver and gold become to a point where
50:24
you're like, wow, I can buy a house, a nice house for 1000
50:30
ounces of silver. I got to talk about houses as
50:33
well. I think there's a real estate
50:35
bubble. Okay.
50:36
I live in Saint Louis. I live in a middle, upper middle
50:38
class neighborhood. I'm not rich.
50:41
Right. This is my basement.
50:43
Okay, There's two stories above it.
50:45
I'm not in a mansion, but I'm very grateful for what I have.
50:48
There's a house in my neighborhood that was really run
50:50
down, a twostory house like mine.
50:53
Okay, a Flipper bought it to flip it, fix it up, whatever.
51:02
And it looks like they did a real good job while I was at the
51:04
neighborhood swimming pool talking to one of my friends
51:06
that I like last night and he said, Oh my God, there's a
51:10
realtor in our neighborhood that all of us know.
51:12
He's a nice guy. He'd put a post on Facebook that
51:15
the house sold for an amount that blows my mind.
51:20
OK, $670,000. Now those of you that live on
51:24
the East Coast or the West Coast or parts of wherever Florida,
51:29
but guys that's like several, that's a lot more.
51:33
I can't believe somebody's paying that for that house.
51:36
I'm sorry, it it's great if it goes through.
51:39
I feel sorry for them, especially if they're taking out
51:42
a loan because woof, that might have just rung the bell for the
51:48
top of the real estate market. I was just absolutely shocked.
51:52
What do you see where you live? Do you see skyrocketing real
51:56
estate prices still? Does that make sense?
51:59
We've got mortgage rates twice as high, right?
52:03
None of it makes sense. I know nobody's moving now
52:06
because most people are trapped, right?
52:08
They, they, they're. If you have a mortgage and you
52:11
got into it over the last 10 years, you probably have a 3%
52:14
interest rate. So you're trapped because if you
52:16
go to move, your new mortgage will have a 7% interest rate,
52:21
which means for the same amount of money that you're going to
52:24
borrow, you're going to pay twice as much.
52:27
Same thing with car loans. But what is going on in the real
52:30
estate market? The only thing I can think of is
52:33
so few people are moving. There's still such small supply.
52:37
I really feel sorry for the people that are buying right
52:41
now. I could be wrong.
52:43
Look, I'll give you a great example.
52:44
When I was wrong, when the pandemic hit, I had a young man
52:47
come to me and said I was thinking about buying a house,
52:49
blah, blah, blah. And he wasn't really ready
52:51
anyway. And I said, look, man, I would
52:53
wait and see what happens with what's going on right now.
52:56
And we all know what happened. So maybe this real estate, maybe
52:59
it just keeps going to the moon. What do you see?
53:02
North Shore Boston House is selling for way more than
53:05
they're worth, but sales are down.
53:07
Yeah, Frank, that's what it seems like around here.
53:10
No mortgage, no debt. Yeah, I have no mortgage, no
53:14
debt, right. And I can take risk, right?
53:17
That's just me. No debt.
53:19
Debt is bad guys. Debt is bad.
53:22
If you got a 3% mortgage on a house, I would never think I'd
53:25
be saying this, but that might be Okay.
53:30
That's pretty good rate in, in this environment.
53:32
They have borrowed money. I'll move to Texas in 10 years.
53:37
Sold modest Utah home last year for 400 in 35,000.
53:43
Bought a newer and otherwise comparable home in Jefferson
53:46
City which is the capital of Missouri for the low two
53:50
hundreds. Yeah, you know that's the way to
53:53
do it. If you're living in an area
53:55
where you have sky high real estate prices and you want to
53:59
move, I'd do it right now. That's just the don't.
54:02
I'm not giving advice. I'm just telling you what I
54:04
would do if I lived in an area, Boston, San Francisco or
54:09
wherever where there's sky high real estate prices right now and
54:14
you want to move somewhere and it's a it's a place that is come
54:17
like you can get the same size house for half the price, cash
54:20
it out, baby. I mean imagine if you had some
54:22
little shack in San Francisco that was worth $900,000
54:28
supposedly, right. You could come to St.
54:30
Louis. Let's say you're from St.
54:32
Louis. You know, and I apologize if you
54:34
have to come to St. Louis, although it's not so bad
54:37
here. It's a nice place.
54:38
But you had to come to St. Louis.
54:40
You could take that 900,000 and buy a better house.
54:44
I guarantee you a way better house for four or 500,000 and
54:49
you'd have 400 grand that you could buy silver and gold with.
54:52
Wouldn't that be nice? But as we talked about earlier,
54:55
you'd have a hard time getting an insurance policy if you're
54:59
going to keep it all at your house.
55:04
What about cars? You know, I'm hearing from my
55:07
contacts in the car business, the auto market boop dropping,
55:12
right? Same thing.
55:14
Yeah, I'm getting calls. We were looking for a minivan a
55:16
while back and I'm getting calls from these dealerships that were
55:20
like, sorry, we don't have anything.
55:21
It's going to be a six month waiting list, blah, blah, blah.
55:24
Like, oh, we had somebody cancel.
55:26
Are you still interested in the Kia Carnival minivan?
55:29
I'm like no, not yet. I'm waiting.
55:32
I'll wait. Thank you very much.
55:34
I'd rather have silver. How about you?
55:38
Would you rather have silver or would you rather have a new
55:41
minivan? Let me know.
55:45
Jonathan Kirchner bought 50K of gold and silver with part of the
55:50
sale of his home. Very cool Silver Chair stacker.
55:54
I think any house over 250K is stupid to buy.
55:58
It's a box made of wooden stone. Yeah, and for those of us in the
56:01
United States, generally, our construction here is like
56:04
crappy, considered can compared to like Europe and other places
56:09
in the world. Probably better than a lot of
56:11
places. But compared to Europe, from
56:12
what I understand in particular, our houses are kind of built not
56:15
to last, not as long. Lemonade is expensive in St.
56:19
Louis. Yes, we own a house and land in
56:21
Texas and it's tripled in value. Congratulations.
56:26
Wow, that is awesome. That's Shannon Boyd, our friend
56:30
Shannon Boyd. Dan, Dan, BA, BA, BA.
56:33
Remote control and surveillance devices.
56:36
Ignition kill switches. That's interesting.
56:38
Marsh, Mass Dean are Neil's living in a van down by the
56:43
river. No, he's not.
56:44
I've joined. I've joined Neil on live
56:48
streams. He's got a nice place and Neil's
56:50
a nice guy. So it's coin shop.
56:52
Chris, Man, 350 people. I just looked.
56:55
Can we get the 200? This will be a warm up.
56:58
Remember, I'm getting a new cowbell from our good friend
57:00
Joe. Right?
57:02
Can we get the 200 thumbs up? It would be great if we could,
57:05
guys. It would be great.
57:09
Oh, Dean. Dad.
57:09
Dean. We knew you were just joking.
57:11
Jay Powell. Fart dust, 15 more silver.
57:14
New minivans depreciate. Yeah, no joke.
57:17
They cars depreciate. We only need eight more thumbs
57:20
up. Come on, you can do it.
57:22
You can find that little thumb and click on it, my friends.
57:25
All right. Hollow point.
57:27
Yeah. Oh, brother.
57:31
The hits keep coming. You know, let me, let me.
57:37
Let me talk about this. Right.
57:39
We got 200-1234, 567-8910, eleven, 12/19/20.
57:47
Thank you, guys. Let's talk about this.
57:49
About silver that I hadn't thought about came from the book
57:54
I'm reading. I've showed you guys a couple
57:55
times the great silver Bowl. Silver is durable.
58:00
There's like things about. There's two things I've I hadn't
58:03
thought of in the last month or so.
58:05
Maybe you already knew these, but maybe not.
58:07
And if you didn't, maybe it'll add a little more to your silver
58:11
and gold arsenal. OK, #1 silver is durable.
58:15
It doesn't go bad, right? And we kind of know that, but we
58:18
don't really appreciate that. Like as they were talking about,
58:21
oh, the new bricks currency could be back by wheat, barley
58:24
and soybeans and oil and blah, blah, blah.
58:28
Well, you know, I mean, I guess oil can be stored, but but
58:32
eventually, especially like wheat and stuff like that, it's
58:35
consumed, it goes bad. Our silver, our gold, it lasts.
58:39
It's durable. Totally durable.
58:41
Again, we're on that satellite looking down at earth.
58:45
There's only so much silver and gold.
58:48
Hey, thank you for joining me, guys.
58:49
You are the best. I appreciate the Super chats.
58:52
I appreciate you. OK.
58:55
Have a good weekend and I'll see you soon.