Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / SILVER Price & Gold Forecast: MASSIVE Gains Ahead - Here's Why

Transcript

SILVER Price & Gold Forecast: MASSIVE Gains Ahead - Here's Why · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:00
Bloomberg reports a 1% federal interest rate hike.
0:06
I'm sorry. Wait, stop.
0:07
I'm gonna start over. Hope my brain starts working.
0:13
Bloomberg reports a 1% rate cut from the Federal Reserve could
0:19
be coming down the road. What does that mean?
0:21
What do you think that would mean?
0:22
For the price of silver? For the price of gold?
0:26
A 1% rate cut again article from Bloomberg where they interview
0:32
one of the senior managers at one of the largest, most
0:35
respected double line capital financial firms in the United
0:40
States. But today, today, we're going to
0:43
get a rate hike by the Fed .25%. We're going to cover that as
0:48
well. But what would it mean for the
0:50
markets? What would it mean for the price
0:53
of silver and gold if this happens, like Bloomberg
0:56
reported, and soon we see a 1% rate cut.
1:01
We've also got a ton of doom and gloom to talk about.
1:06
News from Home Depot. News from Europe's biggest
1:10
airline. News from Starwood, a major
1:15
default on a massive commercial real estate project in Atlanta.
1:21
Guys, the hits keep coming, right?
1:23
We know we're heading into some very challenging, difficult
1:27
times. And when things get difficult,
1:30
this 1% rate cut by the Fed could be here sooner than we
1:35
anticipate. And again, we have been fighting
1:39
with the Federal Reserve for the last year and a half, right that
1:43
they have. They have killed the price of
1:44
silver and gold. What would we see with gold if
1:49
we get a 1% rate cut? It could be incredible.
1:53
So we're going to dive right in. I want to read you some of this
1:57
interesting information they put out from Bloomberg, from
2:01
Bloomberg, no less, about this rate cut.
2:08
Here we go. We're coming up.
2:10
We're coming up. Here It comes deep recession.
2:13
This is from Bloomberg. Deep deep recession to force
2:17
full percentage point Fed cut Double line warns market should
2:22
brace for a deep US recession that warrants A dramatic 1%
2:28
point interest rate cut by the Federal Reserve.
2:31
Warren Double line capitals. Jeffrey Sherman.
2:34
Now guys double on capital manages $76 billion in assets.
2:41
It was started by a guy, do you know who Jeffrey gun lock is?
2:45
Do yourself a favor. Do a little bit of research on
2:47
Jeffrey gun lock super respected financial guru, right.
2:53
Everybody knows Warren Buffett. Everybody knows Charlie Munger.
2:56
All these, you know, Bill Gates and Elon was, I'm telling you,
3:00
OK. Jeffrey Gunlock is one of the
3:02
sharpest minds out there. The people in the know know that
3:05
he started double line capital. His firm is.
3:08
Who's saying this? It could be big, big trouble.
3:14
As we head forward, look up Jeffrey Gunlock.
3:18
OK. It's a bold call based on
3:20
weakening economic data. Weakening economic data That
3:24
makes a recession probable next year for Sherman, coming even as
3:30
the Fed is expected to hike further this week.
3:33
Money markets are already betting on a total 130 basis
3:37
points of cuts. So the markets thinking we're
3:40
going to get cuts in 2024, the market right Don't listen to
3:44
what the Fed says. Listen to what the market says.
3:48
And the market is saying 1.3% cut.
3:51
Basically, that's 130 basis point cut, a multitude.
3:57
This is a quote, a multitude of economic indicators.
4:00
We look at our flashing, either warning or recessionary signals,
4:07
double line, Sherman said. He's the chief investment
4:10
officer. By the time they cut, by the
4:12
time they cut, it will need to be 1 full percent.
4:15
So today, guys, we're going to get what we are expecting,
4:19
right? the Fed and Jerome Powell, what
4:22
do you think he's going to do? What?
4:24
I mean, you know what? Let's think about this.
4:26
He's going to do exactly what he's telegraphed to the market,
4:29
a .25% raise. Sorry, I may have said cut, my
4:33
brain is misfiring occasionally this morning.
4:36
That happens to all of us, right?
4:37
Maybe you relate, but we're going to get from the Fed today
4:40
exactly what the market expects, their communications going to be
4:44
exactly what it expects. We got double line capital.
4:48
Look them up. All right.
4:50
Jeffrey Gunlock. Jeffrey Gunlock goes on to CNBC.
4:54
He's one of the only people. Jeffrey Gunlock, that's his
4:56
company. He started at Double Line
4:58
Capital. And he'll tell it like it is.
5:00
And they're saying we got big warning signs coming from the
5:04
economy. We're going to talk about what
5:07
the ex CEO of Home Depot said. And it is frightening.
5:11
We're going to talk about what's going on in commercial real
5:14
estate. We're going to talk about what's
5:15
going on in the banking sector because it's all frightening.
5:19
And at the end, we're going to put it all together and see what
5:22
we think this means for the silver price and the gold price.
5:28
Now look again, my prediction, by the end of the week, we're
5:31
going to have gold over $2000 per oz.
5:34
Silver is going to take a little while to catch fire, but next
5:38
week I think we could see Silver pushing up against $27.00 per
5:43
oz. I could be dead wrong, but
5:45
everybody's waking up. We've talked about this in the
5:49
previous live streams, in the previous videos, right?
5:52
Everybody, everybody knows what the feds going to do, but the
5:56
people, Not us. We've already woken up, but the
5:59
other people are going to start to wake up to how cruddy, how
6:03
scary of an environment we're moving into just within
6:08
domestically in the United States, right.
6:10
And I don't know what country you're in and what you see where
6:13
you are as well, but just domestically here things are
6:16
challenging. Then factor in what's going on
6:20
in the world, right? This major change we have right
6:24
now in the world. The BRICS summit coming up in
6:27
three weeks, four weeks from now.
6:30
D dollarization. Major war.
6:33
War. However, I'm supposed to
6:35
pronounce it going on right now. I mean, come on, man, you know,
6:41
just if things remain the same right now, the outlook for
6:45
silver and gold look great. The outlook for the US economy
6:48
doesn't look so great. Let me read to you what Fortune
6:52
you want to hear what Fortune magazine had to say about the
6:54
banking sector? You know, and overnight we get
6:57
news. Pack W, That was another one of
6:59
these troubled banks has been taken over mysteriously.
7:03
Nobody really understands why by some other big California bank.
7:07
The banking system is also in big, big, big trouble.
7:14
Bear with me, I want to read you.
7:16
This is fascinating information from Fortune magazine.
7:21
Here it is. Fortune magazine.
7:24
Fortune Magazine has this to say about the banks.
7:27
Uninsured depositors remain a ticking time bomb.
7:32
A ticking time bomb for the US banking system.
7:37
OK, the failure. The failure of three sizable
7:40
banks in March and April exposed major weakness in bank
7:43
regulation. Who did what to whom?
7:46
Blah blah blah blah blah blah blah.
7:48
Hold on here. Deposit Insurance and U.S. banks
7:54
is provided by the FDIC. So the FDIC is supposed to
7:59
ensure your deposits at the bank up to about $250,000.
8:04
The reality is they hardly have any money, OK?
8:08
And there's off camera conversations that were recorded
8:11
during this banking crisis where they're like, oh, there's no way
8:13
we could cover they don't have the money.
8:16
But in theory, Americans sleep well at night knowing that if
8:19
they have less than $250,000 in the bank, it's supposedly
8:23
insured by the FDIC. The maximum amount covered is
8:27
250 K Although there are ways that you can do it with multiple
8:33
accounts, you can get more than two if you put it in different
8:36
banks. Anyway, for most households,
8:38
that's more than enough. Nevertheless, uninsured deposits
8:43
are currently around 40% of all deposits, up from only 20%.
8:51
So that means 40% of the money in banks.
8:54
Who are these people? Are you one of those people?
8:57
Do you have more than 250K in the bank?
8:59
I don't. Sorry, I don't.
9:01
Thank you for the Super chat. Oh, wow.
9:03
Kirsten, my friend in Denmark, thank you very much.
9:08
Appreciated. Do you have more than 250,000 in
9:12
a bank? 40% of the money in banks is
9:16
held by people who have more than 250,000, and it's not
9:19
insured. OK?
9:22
These uninsured deposits are a lurking problem for banking
9:26
stability, especially in an era of online banking.
9:30
This is interesting. Uninsured depositors are almost
9:34
always slow to recognize the financial problems of their
9:38
banks. But when they do, their
9:40
reactions are fast and massive, and their withdrawals may well
9:45
inspire large withdrawals at other banks, with highly
9:51
disruptive consequences for the US economy.
9:55
Contagion risk are real. So what they're saying is that
10:00
when they do pull their money, they pull it fast.
10:02
And think about this, guys. This is something that nobody
10:06
talks about, but it's super important when we're talking
10:09
about the health of the banks. You've got all these people with
10:13
over 250,000 in the bank, right? I know it's you, you stinker.
10:19
Anyway, this is something that's different now than any other
10:24
time in history. Talk about bank runs when people
10:27
realize, like, oh, I gave the bank 500 grand and the bank
10:32
loaned it out on some commercial real estate that's, you know,
10:35
worth a lot less. Or, oh, the bank bought a bunch
10:38
of bonds that are worth a lot less.
10:39
I want my money back from the bank.
10:42
It used to be you'd have to get in your car, drive to the bank,
10:45
talk to the banker, blah, blah, blah.
10:47
Now what do you do? You pick up one of these, right?
10:51
And you press a couple of buttons and you say, hey, Mr.
10:54
Bank, I want to transfer my 500 grand from you to hear the bank
10:59
runs can happen in an instant, right?
11:02
They can happen instantaneously. There's no line outside the
11:07
bank. I mean, there was, but in
11:09
theory, you know what I'm saying?
11:10
It does it make sense now if people want to drain the bank or
11:14
they get scared about a certain bank going under, they just hop
11:18
on their phone and and and withdraw all the money.
11:21
It happens instantaneously. Things are happening at a much
11:24
faster pace right now. We need to realize that it's a
11:28
big, big deal other things going on in the economy right now that
11:34
aren't so pleasant, right? The guys at U PS:.
11:39
Apparently did settle their strike, so that's for them.
11:42
That's a good thing. 340,000 truck drivers, Yellow Freight
11:47
still in trouble. I want to read you.
11:49
One of you sent me a very insightful message about yellow
11:53
Freight. Let me read this to you.
11:56
This came from actually this was a comment on one of the videos
12:00
from a guy named Guy. A guy named Guy.
12:03
And he knows Yellow Freight because he says Yellow Freight
12:06
has been teetering on bankruptcy.
12:08
Yellow Freight is the third largest trucking company in the
12:11
United States. They move a lot of products for
12:14
Walmart. They move a lot of products for
12:16
Home Depot. What do you think would happen?
12:19
Do you think they're important to the US economy?
12:21
What would happen if they went belly up, if things slowed down
12:25
precipitously for them? And listen to this, they've been
12:29
teetering on bankruptcy for 30 years.
12:31
They're the last large, decent trucking company, left out of
12:34
hundreds back in 1979, before deregulation.
12:39
That was the the destruction of a living wage, he says.
12:42
I'm surprised they lasted this long.
12:45
They teamed up with Roadway 30 years ago.
12:48
What happened with that? In 1984, I was driving between
12:51
Ohio and Chicago for Churchill, a good union company.
12:54
I made double what they're paying today, and this was at 40
12:58
years ago. It's all degrading.
13:00
Lower, lower, lower, lower pay quality, lower quality
13:03
employers. Lower everything but much higher
13:06
government mandates and stupid rules by people who never got
13:09
into a truck. Sounds like yellow U, PS:,
13:12
etcetera. Need someone who can negotiate
13:15
with big juicy shippers and tie up good contracts blah blah
13:20
blah. If if your volume is expanding
13:22
then times the money of competition or fixed rate would
13:26
be sufficient. And honest accounting and frugal
13:29
management. It would make lifelong quality
13:32
employees. I was into postal contractors
13:35
for 30 years. Also into real estate.
13:37
OK, guys, So what guys saying and what he's telling us is
13:41
yellow is a huge company. The trucking industry is screwed
13:46
up right now. Why is it screwed up?
13:48
Because the rates, right? They charge rates.
13:51
Why are the rates down? Because there's not as much
13:54
activity in the economy right now.
13:57
The, the, the, the manufacturers aren't moving as many goods
14:01
around. The retailers aren't moving as
14:04
many goods around. What does that tell us about
14:08
what's going on now? The the, the founder, the guy
14:12
that built Home Depot had some very, very disturbing things to
14:16
say. I want to share this with you as
14:18
well. I don't want to be all doom and
14:19
gloom, OK? But we can't live under a rock.
14:29
Hold on a second here. Uh oh, did I lose it?
14:33
Here it is. OK, here it is.
14:35
Here it is. Former Home Depot CEO says US
14:40
businesses have more uncertainty now.
14:45
Well, there's more uncertainty now than any other time in the
14:48
last 50 years, with economic pressures at the forefront of
14:54
voters minds. One American business leader
14:57
warned President Biden about being overconfident,
15:01
overconfident in US fiscal health, He says.
15:04
Quote I've been at this for 52 years and I think that I see
15:07
more uncertainty now than I've ever seen in our country in
15:12
running corporations across a broad sector of business.
15:16
That's former Home Depot CEO founder Bob Nardelli.
15:21
He says, quote, I was just in LA a couple of weeks ago.
15:24
I paid $6.43 for a gallon of gas.
15:28
So it still has a lot of pressure on us out there.
15:31
He said, Quote, we hear about UPS potentially going on strike.
15:34
We know that didn't happen. Some of the other things that
15:38
are out there with United, the United Auto Workers.
15:41
So I think we have more uncertainty.
15:44
A Fox Business poll released Sunday showed that over half of
15:48
primary voters say economic issues such as inflation, jobs
15:53
and taxes will be most important in deciding their vote for for
15:59
the nomination of the next president.
16:00
What is this telling us? We're getting news from every
16:04
sector. Things are difficult.
16:08
That's the guy that started Home Depot, right.
16:10
He's still closely tied to what's going on out there.
16:14
And guys, it's not looking real peachy right now.
16:18
Let's go to the Oh my gosh, we got 100 thumbs up.
16:21
That means 10 rings of the bell. One ring of the bell for each
16:25
ten thumbs up 1-234-567-8910. I'm going to grab a quick drink
16:32
of water. I'll be right back.
16:52
What do you think about the big Teamsters?
16:56
340,000 truckers at UPS. Are you happy for him?
17:02
I didn't realize there were that many of them out there.
17:05
I'm kind of glad to see that they were able to negotiate for
17:09
themselves more of a living wage because hey, you know, we know,
17:14
you know, I know things are are are difficult out there right
17:18
now. This is not an easy time.
17:21
These guys that deliver packages to your house usually have
17:24
families, house payments, all that good stuff.
17:27
So it's actually good to hear that they got some concessions
17:32
from U PS:. Hey, you know, none of us want
17:35
to pay more. I'm sure U PS:.
17:37
Will do a good job of passing on the additional expense to to
17:42
their to their customers. What about commercial real
17:48
estate? They say that's another ticking
17:51
time bomb in the economy in the banking sector.
17:55
Let's talk about something. This came out just a few days
17:58
ago, OK? And it tells us a lot about
18:04
what's happening. This is from Bloomberg again,
18:07
right? Commercial real estate, nobody's
18:10
renting, office space, nobody. And the big banks, right?
18:14
When when you put your 250,000 in the bank, what do you think
18:19
they did with your 250K? They either bought bonds that
18:22
went down in value, or they could have also loaned it out to
18:26
a commercial real estate developer, commercial real
18:29
estate investor. And now that commercial real
18:32
estate has dropped in value horribly, Listen to this
18:37
Starwood defaults on a 213,000,000 Atlanta office
18:43
mortgage. The loan was on Tower Place in
18:46
the Buckhead area, and that's the fancy part of Atlanta.
18:50
OK? Atlanta's vacancy rate hit 22%
18:57
in June. Barry Barry Stern Licks Starwood
19:02
Capital Group, right He's a billionaire.
19:05
Is in default on a 213,000,000 mortgage-backed by an Atlanta
19:09
office tower, another sign of mounting distress in commercial
19:15
real estate. Go to an office park around you.
19:18
I live in suburban St. Louis.
19:20
We have office parks everywhere. All of the buildings when you
19:24
drive by have BIG4 lease signs out in front of them.
19:28
But guys, usually those buildings aren't owned by the by
19:33
the officially they have mortgages on them.
19:35
It's like a house, right? Somebody bought that office
19:38
building, but they may be borrowed 50 million dollars, $20
19:42
million, whatever the case may be to buy it 3458 years ago,
19:48
whatever the case may be. And those loans get rolled over
19:52
every two, three, five years. Now when they go back to the
19:56
bank and say we need to renew our our loan and the bank says,
20:00
well now the new rate, it's no longer 4%, the new rate is 9%.
20:06
The developers looking and saying, the investors saying why
20:09
I bought this building for 20 million and now it's worth 12
20:13
million and it's only half full and now my my payment that I
20:18
have to make is doubling. I think I'll just give it back
20:21
to the bank, thank you very much.
20:23
So then the bank says, OK, we'll repossess.
20:25
Thank you for the Super chat, newbie 1 Silver.
20:28
Thank you. Always appreciated, never
20:30
expected. The banks are in trouble.
20:32
And then you get the people that have, like we talked about
20:36
earlier, that have more than 250,000 in the bank, right.
20:40
And they say, you know what, my bank, I hear they're in trouble.
20:43
They're getting all this commercial real estate sent
20:45
back. All they have to do then is get
20:47
on their phone and say, I want to transfer my money out of the
20:50
bank. It could create big, big
20:53
problems very quickly. OK.
20:57
There's really no other way to say it.
20:59
Like, everything's fine right now.
21:00
Do you get that feeling? But is everything fine?
21:03
Everything's calm. I heard Danielle Camboni talking
21:06
to, I think it was Lynette Zhang at three or four days ago.
21:10
And it's like, oh, there's this sense of everything's OK, right?
21:14
They, the Fed can paper over everything.
21:16
Paper over paper over one more time until it starts to break
21:22
and it's like a dam break, and I'm sure you've heard that
21:24
analogy. Does that make sense?
21:26
When the dam breaks, guys, it goes quick and then it'll be the
21:30
next big crisis. And what's going to happen, like
21:34
we talked about at the beginning of this video, right then the
21:37
Federal Emergency cut by 1%, just like the chief investment
21:43
officer at Double Line Capital, the $76 billion investment firm
21:49
says he think thinks is going to happen.
21:51
And he's saying it could be as soon as early next year.
21:55
And then what happens? Gosh, we need to remember what
21:59
happens to silver and gold in that environment.
22:01
You want to talk about a big price increase in silver and
22:05
gold? Well, when we get a 1% rate cut,
22:07
we're going to have a price increase like we've never seen
22:10
before. Somebody thank you, new newbie 1
22:13
silver for the Super Chat. Super chance are always super
22:17
appreciated. OK.
22:19
Right now I'm pure viewer, supported down here in the
22:23
basement. So thank you.
22:25
Hey, we're going for 25,000 subscribers as well.
22:29
We only need about another 300. See Coin Shop.
22:31
Chris, I told you I'd remember to say it and we appreciate it.
22:35
If you subscribe to the channel, we'll put out a new piece of
22:37
content every day, right. I'll be with you for, you know,
22:41
you got friends here in Ron's basement.
22:43
You can count me as a friend. I'll put out a piece of content
22:46
every day. You can laugh at me.
22:48
We can learn together. We can laugh together.
22:51
OK. It's really cool that you join
22:53
me. We are the basement dwellers.
22:55
We are the Basement Dwellers, right?
22:58
Our head is not in the sand. Our Head is in the basement.
23:02
And we're going to we're going to make it through these choppy
23:04
waters. Now, today we might get some
23:07
choppy Waters. You know my prediction, right?
23:10
Status quo not. I mean, gold.
23:12
Last I checked. Somebody tell me, is gold still
23:15
Spot gold hovering around 1970 per oz?
23:20
And when we talk about gold, we're talking about silver.
23:22
But somebody in the comments, let me know where gold's
23:25
hovering right now, 1975. Rick Kukuritz, thank you. 1965,
23:39
says Leaf. So the spot price is probably
23:41
1965, futures price, probably 1975.
23:45
Do you know the difference between the spot price and the
23:48
futures price? If you go to kitco.com, you can
23:51
see the spot price. Thank you William for the Super
23:54
chat, much appreciated. Thank you.
23:57
The spot price, that's the immediate price of silver and
24:00
gold. A lot of times, especially on
24:03
the bullion websites, even Yahoo finance, when you look at the
24:06
price they quote, that's the futures price.
24:09
So that'll be. But the if you buy a contract to
24:12
buy gold in the nearest month, futures, the nearest expiring
24:16
contract, that's the price they'll quote.
24:19
If I have that wrong, somebody fix me.
24:22
OK. Hello, Michael.
24:23
The bricks stuff got delayed. Yeah.
24:26
What happened to the bricks? Remember, August 22nd was going
24:29
to be. What do you think about the
24:31
bricks? Let's dig into that for a second
24:34
because that was going to be the biggest day ever for gold and
24:38
silver investors. And.
24:40
And and it was like there were like 3 weeks leading up where it
24:44
was like this growing consensus that we're going to have a gold
24:47
back currency. We're going to have a gold back
24:50
currency over the last 7 to 10 days.
24:52
That tune has changed. Now look, you know, I'm going to
24:56
tell you guys, both sides of the coin, it feels like we're
25:00
getting more and more info that's telling us maybe we're
25:03
not going to get the gold back currency announcement on August
25:07
22nd. I got a great e-mail this
25:09
morning from Marcus in South Africa and he said the feeling
25:14
there is that there's some discord, are some discontent
25:19
amongst the BRICS members, right?
25:20
Do they really trust each other? Do they really?
25:23
Even in South Africa, they're starting now to question their
25:26
alliance with China and Russia. So guys, I don't know.
25:30
I don't know what's going to happen.
25:31
At 3 weeks ago, I was pounding the table, OK?
25:35
And I'm often wrong, but I was really feeling like we were
25:38
going to get this gold back currency and a lot of people
25:41
jumped on to that. But now we're hearing from like
25:45
the Russian Central, excuse me, Russian Central Bank recently
25:49
and some other sources saying that maybe it's not going to
25:52
happen. I don't know, we'll just and
25:54
we'll have to see what, what, what occurs.
26:02
Let's talk about Europe. Okay, because Europe matters.
26:05
We heard really bad. I mean what do you, what do you
26:08
think? What does it mean when we got
26:10
these horrible PMI numbers out of Germany earlier in the week?
26:15
Germany. Now, we don't talk about Germany
26:17
a lot, right? But Germany is a massive,
26:21
sophisticated, wealthy economy. They are the Germans are smart
26:26
people, hard working people and very efficient and their economy
26:30
has grown, grown, grown. But we got news earlier in the
26:34
week that the German economy is slowing down and people, if the
26:38
big German banks right, the big fancy analysts telling us that
26:42
Germany likely could be heading in to a recession, what does
26:48
that tell us? Because we're tied, all tied
26:52
together, right. That's what that tells us that
26:55
that that if Germany's not doing well, likely that can bleed over
27:02
into the United States. But but this, this is very
27:06
interesting. This tells us something about
27:09
what's going on in the world right now.
27:12
Information we got. Hold on.
27:18
This was from CNN. Yes, the Children's News
27:22
Network. They say Europe's largest
27:26
airline. Just sounded the alarm.
27:29
Sounded the alarm. We have alarms.
27:31
I need an alarm down here, right?
27:33
On travel demand. Europe's largest airline.
27:38
Let me let me give you a couple of the key points out of here.
27:41
The travel industry has defied a global economic slowdown.
27:45
Defied enjoying record bookings and profits as pent up demand
27:49
following the pandemic field spending on air tickets and
27:53
hotels. But that might may be starting
27:55
to change. That may be starting to change.
27:58
Ryanair Look, you may not have heard of that here in the US,
28:01
but that's like Delta or United in Europe.
28:05
Ryanair, Europe's largest airline by passenger numbers,
28:11
warned Monday that high inflation and rising interest
28:17
rates could dent the appetite for air travel in the
28:21
second-half of the year. What are they telling us?
28:24
High inflation and raising rising interest rates are
28:28
slowing the economy, right? People aren't traveling as much.
28:34
Very interesting, but it gets even more interesting.
28:38
OK, quote, we're concerned about the impact of these
28:42
macroeconomic trends, CEO Michael O'Leary said in a video
28:46
posted on the company. They posted this on the company
28:49
website, adding that they, quote, might affect consumer
28:53
spending in the second-half of the year.
28:55
The stock went down. Let's see here.
28:58
Now this is where it gets interesting, Talks about how
29:01
travel came roaring back after the pandemic.
29:03
But But this is not a good sign. Guys, this is not a not, not
29:09
happy news because last year O'Leary shrugged off concerns
29:15
about the impact of Europe's expected economic downturn on
29:19
Ryanair's business. He said they were overblown.
29:22
So last year he was like, Dad, we had nothing to worry about.
29:24
Things are great. You know, we're doing fine.
29:27
That any concern is overblown. His comments on Monday show that
29:32
his outlook has turned much more cautious.
29:35
OK, So what is that telling us? A year ago right now, the CEO of
29:42
of Europe's biggest airline was like, you know what?
29:45
We're not concerned. Everything's OK today.
29:49
What's he saying? He's saying I'm concerned.
29:52
Things aren't looking good out there.
29:54
This is not a an environment conducive to running a
29:59
profitable, profitable business. I mean, I don't know, man.
30:03
Everywhere we look it's telling us that that we've got
30:07
challenges ahead. Let's head to the, let's head to
30:10
the comments real quickly here. Hello, Ronnie.
30:14
Hello, Robin Hood, Bo Barfield Coin Shop.
30:17
Chris, thank you for being here. Richard Cooper says Germany are
30:22
calling it a slow session. Yeah, you know, that's the other
30:26
thing, right? We know there's all these
30:27
challenges out there. And I I don't know.
30:32
What do you think about this? I heard one of these analysts
30:34
saying this the other day, like, oh, we don't really have
30:37
recessions anymore. We just have slowdowns.
30:40
We don't, we don't have recessions like we had back in
30:43
the 80s or the 2000s. We just have slowdowns.
30:46
And I think there's something very scary hidden within that.
30:51
And what's scary hidden within that is, yeah, that means that.
30:55
And we talked about this, right, the US economy, the world
30:58
economy, because of all this debt.
31:01
We have record amounts of debt, guys in the world.
31:05
And you know what? Every little penny of that debt,
31:08
every last dollar of that debt, somebody thinks they're going to
31:11
get paid back. And there's mathematically no
31:15
way all the debt can get paid back.
31:18
So we're in a situation that's very delicate, very fragile.
31:23
The world economy has become delicate, especially in the
31:27
United States, guys. It is delicate and fragile right
31:31
now. So when things happen, the Fed,
31:35
the Treasury, like the little banking crisis back in March and
31:38
April, they had an emergency meeting on a Sunday.
31:41
This is not a big deal. We just had a emergency meeting.
31:44
Don't worry about it. The banks are fine.
31:46
We're going to do some backdoor or money printing and fix
31:49
everything. So when we hear people say, oh,
31:53
we're not going to have, we're never going to have recessions,
31:55
We're in a new era and we've heard that before, right?
31:58
I've heard that. I'm 53 years old.
32:00
If you heard that, like, oh, things are different now.
32:03
Things are never going to have a recession again, right?
32:05
Maybe we won't have a recession. Maybe we'll torpedo right into a
32:11
depression. I said it first.
32:13
Now, I'm not saying, not predicting that, but that's what
32:17
scares me. When you start to have people
32:20
say no, everything's, you know, everything's fine.
32:23
Have another beer, don't worry about it.
32:25
Well, we don't have recessions anymore.
32:28
Now we just have depressions. Or maybe they'll make up a new
32:31
word for it. Like, you know, economic.
32:36
Economic challenge. I don't know.
32:38
Hey, Shadow Work. Thank you, my friend.
32:41
Yes. This is a team effort.
32:43
Susie upstairs, right? She's working coin shop.
32:47
Chris Neil from Neil. Hans Donnie Dynasty buddy.
32:50
Rumble helps out. Thank you, Shadow Work.
32:53
We do our best to get out the news as we see it, OK.
32:58
And a lot of the info that we are able to share comes from you
33:02
guys. So send emails, comment on the
33:06
videos because you guys help with this.
33:08
This is a group effort and we appreciate what everybody, I
33:12
mean, everybody does for us. So let's talk about what do you
33:17
think Jerome's going to say today?
33:19
It's going to be interesting, right?
33:21
Our old friend Jerome Powell, we're going to get to hear from
33:24
him this afternoon and I think there's two key things we need
33:28
to remember #1 watch what they do and we know what they're
33:32
going to do. There's like, I think the the
33:34
markets are predicting like a 99.8% chance of a .25% interest
33:40
rate hike. OK, watch what they do.
33:44
Watch, read what they say, but don't believe what they say.
33:50
And the press conference afterwards, very interesting.
33:53
Watch his body language, watch, see if you can, if you can sense
33:57
some nervousness in Jerome. Because when they they know
34:03
what's really going on, and I'm telling you everything they say
34:07
is a bunch of BS. Unfortunately, we wish it wasn't
34:12
that way. We wish that our leaders here in
34:14
the United States had handled this situation different.
34:17
We're going to, we're going to. What do you think would happen
34:21
to you? Let me ask you this question.
34:24
This is a serious question. What do you think would happen
34:27
to you if you had a bunch of debt, OK, Like a ton of debt,
34:31
car debt, house debt, student loan debt, credit card debt.
34:37
You had a bunch of debt, OKA pile of debt.
34:41
And on top of that, let's say you had a job paying you 60,000
34:45
per year, but you lived like you made 100,000 a year.
34:52
What do you think would happen to you?
34:53
What kind of situation do you think you would, you would mean,
34:56
maybe you could juggle it for a couple years, right?
34:59
For a little while, but eventually the hens would come
35:02
home to roost. And we are in that situation
35:06
right now. We are in a dire, dire situation
35:10
in the United States financially right now.
35:14
I know things are different. We're never going to have
35:16
another recession, right? Joe Biden's new economic
35:20
miracle, No, we are in a dire situation.
35:24
I mean, think think about this. What do you think you would have
35:28
said? Most of you are around my age.
35:30
If 25 years ago right now, we had told you that the United
35:35
States would have 30, two $33 trillion in debt and to make
35:43
matters worse, that the country was continuing to spend much
35:47
more money than it brought in to the tune of just owe another
35:51
trillion. So we were adding an additional
35:54
trillion to that already huge debt pile every single year.
36:00
But wait, there's more. This is so key for us to
36:03
understand, right? But that massive growing debt
36:07
pile, they have to pay interest on that.
36:10
Oh, and the interest rates are going up.
36:13
So the higher level of debt at a higher interest rate level, that
36:17
creates a massive interest rate expense.
36:20
They're saying within 12 months we could be at like $1.3
36:24
trillion a year in interest expense.
36:28
And where does that get, what does that get added to?
36:30
Well, that goes right back around.
36:32
It's like a it's like a nasty circle, like a death spiral.
36:35
That extra interest expense gets added on to the deficit, right?
36:41
And where does that get added to?
36:42
Well, that goes back to the big debt pile, guys.
36:45
It's like a snowball that's rolling downhill, but it's
36:49
already been rolling. Where we are right now is scary.
36:53
It's already been rolling down the hill.
36:55
It's about, you know, 2/3 or 3/4 of the way down the hill.
37:00
It's growing massive. And it's it gets bigger.
37:03
It grows exponentially bigger, Exponentially bigger.
37:07
That's what Jerome Powell knows is going on, right?
37:09
He understands, right? But but so they'll just print
37:12
more. And what do they?
37:13
What happens when they print more money?
37:16
Because it's mathematically impossible that they don't.
37:19
They dilute the currency or they make it worth less or worthless
37:24
eventually. First, it's worth less than it's
37:27
worth less. Let's go back.
37:30
Since the start of the Fed, I've heard this several times in the
37:34
past week, and it's disturbing that since the Federal Reserve
37:39
was established, the United States dollar has lost 97% of
37:46
its value. the US dollar, let that sink in right?
37:50
This right compared to where it was when the Fed started A $2.00
37:55
bill, right, is now worth $0.06. Think about that.
38:01
What about this stuff? What is this stuff?
38:04
Does anybody know what this is? Keep showing up on my desk.
38:08
The shiny look at that. I love That Unicorn isn't that
38:11
beautiful. I'm sorry.
38:12
It shows up nice on the camera too.
38:14
Yeah, what about this? Since the start of the Fed,
38:19
right? This ounce of silver?
38:21
Guess what? Oh, surprise, surprise,
38:24
surprise. Gomer Pyle.
38:28
For those of you who are in different countries, you may not
38:30
know who Gomer Pyle is. Surprise, surprise, surprise.
38:33
Sergeant Carter. This has maintained its value.
38:37
Oh my God. We got 200 thumbs up 200 thumbs
38:44
up. Thank you guys.
38:45
I'm overwhelmed. Man. the Super chants are
38:48
awesome. 200 thumbs up over 400 of you with us today.
38:53
You guys are awesome. You guys are awesome.
38:57
And we're not even touching on right.
38:59
We're not even touching on what's going on in the world
39:03
right now. OKI know you maybe are a little,
39:07
maybe you're a little depressed. If you are, you're in the right
39:10
place because you don't have anything to worry about, right?
39:14
We thought there was going to be a gold back currency announced
39:17
on August 22nd. Well, there's still a chance.
39:20
There's still a chance it could. It could happen, but but there's
39:25
still if you own that shiny white metal, If you own the
39:30
shiny yellow metal gold, you're OK because the world is still
39:36
changing like never before in your in my lifetime.
39:40
It's not reported in the Evening News.
39:42
OK, but it's happening. And if you read information,
39:46
somebody sent me some great articles that were that that
39:51
were were from the some of the BRICS countries about their
39:54
perspective on what's going on. The world is changing like we've
39:58
never seen before. D dollarization, it's not going
40:03
to happen overnight, OK. We don't like it.
40:06
I don't like it. Look, I already went through the
40:09
whole debt situation, deficit situation, interest rate.
40:13
It's a doomspiral. That our leaders have put us
40:16
into. I love the United States.
40:18
I love the Constitution. I love Thomas Jefferson.
40:21
I really love Andrew Jackson. OK, these guys, they set us up
40:26
and because of greed basically, right?
40:30
Greed and and and power, power, hunger, especially post World
40:36
War Two we we've had our leaders that have pillaged our country
40:40
right. The Founding Fathers are We're
40:44
in good company, right? They're rolling over in their
40:46
graves. I would not want to go visit.
40:48
If you go visit, you know, Andrew Jackson's grave or Thomas
40:52
Jefferson's grave or or Washington or any of the people
40:55
that wrote the Constitution, be ready to feel like there's an
40:58
earthquake because those guys are rolling over in their graves
41:02
with what this current regime over the last several decades
41:07
have done to pillage our country.
41:10
Right. If you have kids, if you have
41:11
grandkids, I have twin 11 year old daughters.
41:15
Hey, Mike Powell. Thank you, my friend.
41:17
That is unbelievable. Wow.
41:20
Thank you for the Super chat. We got a lot to be scared about.
41:24
OK You know, I try to teach my kids that the, the stuff they
41:28
teach them in school is great, right?
41:30
They teach them how to do advanced mathematics.
41:32
Already at 11 years old, my kids can write really well, all that
41:37
great stuff. My daughter Evelyn wrote up this
41:38
whole page essay the other night because she has a little Honda
41:42
dirt bike. She wants to ride it when I'm
41:44
not home and I won't let her. But she wrote out this.
41:47
You know the kids. They're not teaching your kids
41:50
the important stuff, right about stay out of debt, keep yourself
41:54
out of debt, develop good, strong skills.
41:58
No, they're teaching your kids. And bear with me, because this
42:01
is important. How to become good little
42:04
workers. Good little, good little slaves.
42:07
OK. There's no other way to say it,
42:09
right? Get yourself in debt.
42:10
Here's what you do. Go off to college, get yourself
42:13
in debt, and then get a job and spend the rest of your life
42:16
trying to get yourself out of debt.
42:17
Thank you, Doc. Right.
42:18
Wow. Silver. 1 silver per once out,
42:23
$100 million silver's. So we want to educate our kids
42:29
and we want to educate ourselves and we want to do the best we
42:32
can. Look, here's the thing.
42:34
You want the perfect answer. You want you know this the
42:36
perfect answer. The closest I can come to a
42:40
thank you, Mike Tooper, man. You guys you guys are awesome.
42:44
The. I mean, there's there.
42:45
There's no perfect answer. Jay, hold on.
42:50
Yeah. OK.
42:50
There's no there's no perfect answer.
42:51
I'll get back to that comment. But the most closest thing that
42:57
I can come to perfect when it comes to cuz what?
43:00
What if we if we boil it all down, we want safety and
43:03
security for our family. We want to provide for our
43:06
families and our loved ones and our friends, right?
43:08
And for each other. And that's cool cuz I know
43:11
everybody here shares that. And the closest thing I can come
43:16
to is thinking silver, gold right now.
43:20
Gold mining stock. So you can knock me for that.
43:23
I understand. But physical silver metals,
43:26
right that they are the close, they're the insurance policy,
43:30
but they're an insurance policy. I don't care what anybody says.
43:34
That has the potential potential to really provide you with some
43:40
wealth as well right now when would that happen?
43:44
Okay, let's talk about that. Let's talk about that.
43:46
Let's say let's say that the glue comes apart on the on the
43:50
system. We could get into a situation
43:53
where the relative value of your ounces of silver, your ounces of
43:57
gold go super high. Like we hear about these stories
44:01
of oh, people bought. Do you think it's possible to
44:03
buy a house a nice little, let's say 1500 square foot house for
44:08
100 ounces of silver? It sounds absurd, I understand
44:11
it does. But if we get into a extreme
44:19
situation and I mean guys we got to remember something about the
44:26
metals potentially potentially you we we feel like we're we're
44:32
when we're here together we're part of a team.
44:34
We're part of a group of people that kind of feel the same way
44:37
and think the same way. We are not.
44:40
We are a small, small, small segment of the population.
44:45
We saw what happened during the banking crisis that happened in
44:51
March and April just 3-4 months ago.
44:54
You couldn't get silver think about and on a scale of 1 to 10,
45:02
tell me. All right, here we go.
45:04
This is a good. This is.
45:05
I really want to hear what you think about this.
45:08
So when the banking crisis hit, let me finish that thought.
45:10
Then I want to ask you a question.
45:12
When that banking crisis hit and they didn't even really call the
45:15
crisis back in March and April, people freaked, right?
45:20
People on their phones took their money out of the bank,
45:22
whatever. You couldn't find silver.
45:24
We've talked about that at Nauseam.
45:26
You couldn't find silver. Silver price shot up the coin
45:30
shops, nowhere, nowhere to be found, right, I don't think.
45:34
I think on a scale. Here's what I think I well, I
45:37
want to know on a scale of 1 to 10 with 10 being like the most
45:41
extreme right and 0 being oh not a big deal at all, where did
45:46
where would you rate, where would you rate that situation.
45:50
And the reason I want to know is because I think that was like a
45:53
two, maybe a 2 1/2 if we get a a big situation, a big crisis that
45:59
unfolds, let's say something that's a 7 or an 8 right.
46:04
I might say the, I might call the little health problem we had
46:07
back in March of 2020, like a 8:00.
46:11
What if we get another eight? What if we get a major situation
46:15
because of all the geopolitical stuff going on?
46:18
What, what do you think is going to happen to the value of silver
46:22
and gold? Not, not.
46:24
Not the price that's measured in dollars, that's measured in
46:28
euros. Come on, man, right.
46:31
We don't buy silver and gold. We convert Fiat toilet paper
46:37
currency. I've got an envelope here of
46:39
toilet paper. You guys want to see some Las
46:43
Vegas toilet paper here? Here it is.
46:45
Came all the way from England. Our friend Richard Cooper.
46:48
This belongs to Neil Hahn. If I ever mail it to him,
46:52
Richard Cooper sent this. He went to Las Vegas on a
46:56
vacation and he brought it home, right?
46:59
That's he calls that Las Vegas toilet paper.
47:06
What do you think is going to happen to the value, not the
47:10
price, the value of silver. That's when you can buy a small
47:15
house for 100 ounces, possibly maybe 500 ounces, whatever.
47:22
OK, you know what I'm saying? When when everybody freaks, when
47:28
us, the one in 300 becomes 150 out of 300 people once over,
47:35
right. I mean think about it.
47:37
That's absolutely crazy. I mean that I know it's crazy
47:42
talk, but throughout history, throughout the history of the
47:47
world, we've had 150 out of 300 people want silver and one gold.
47:52
So is it really that crazy to think that way, to think that we
47:55
could hit a potential point where half the people in my
47:59
neighborhood, instead of me being the only one who loves
48:03
silver and loves gold, right. There's like 400 houses in my
48:06
neighborhood where I live. Beautiful neighborhood,
48:09
wonderful, nice people. Most of them are asleep.
48:14
You know, they're watching Netflix, they're doing whatever.
48:17
I'm the one out of the 400 that loves silver and gold.
48:22
Trust me, I've tried to talk to almost all of them about it.
48:24
None of them want to talk about silver and gold.
48:27
What if suddenly 200 of the 400 households in my neighborhood
48:32
because things got really crappy, wanted silver and gold?
48:36
Can you even begin to imagine what the value of the silver
48:44
that you have? Pick up a piece if you got one
48:46
by you right, the value of that could become.
48:52
I'm not predicting that tomorrow, next month, who knows
48:58
next year. But that potential is there at
49:03
minimum, what that's going to give us given the screwed up
49:06
state of our financial system here in the United States, at
49:10
minimum, At minimum, That's right.
49:13
It's Sergeant Ron from Ron's basement.
49:16
At minimum, it's going to maintain its value.
49:19
Now think about that, think about that.
49:23
But they'd sink in. You can buy physical silver.
49:26
You can buy physical gold. You can buy physical platinum.
49:31
And it's beautiful. You can hold it at minimum.
49:45
Worst case scenario, it's going to hold its value.
49:49
Right now there's some freaky offshot who knows, right?
49:52
I mean, look, anything can happen, but I'm confident.
49:55
Are you confident that at minimum, if you think at that at
50:00
minimum it's going to hold its value type minimum in the in the
50:05
in the chat? I want to see that.
50:06
OK, but there's potential that you could you could harvest
50:13
massive value from it at some point in the future.
50:17
What else you gonna put your money in the bank?
50:20
I I know you got over 250K. Just leave the 250K in there.
50:25
Hello newbie. 1 silver. Thank you over another super
50:28
chat. Much much appreciated.
50:31
Right. Leave leave 250K in the bank.
50:34
So you got your FDIC insurance that they're not so sure is
50:39
going to be able to pay out, but you know, whatever.
50:42
Yeah, they'll just print money and give it to you.
50:44
Or are you going to buy metals? To me?
50:48
Look, I've been buying metals. I don't know how.
50:50
I don't know how many years you've been buying Minimum,
50:52
Minimum, Richard Cooper, Minimum DNR, Dumpster Bear, Minimum Coin
50:56
Shop, Chris Minimum, Mary Redcliffe, Gerald Draper, Debbie
51:01
Gonzo, Uncle Nim, Coin Shop, Chris Mike, Trooper, Shadow
51:07
Work, Annie Oakley. I've been buying these things.
51:12
I don't. I don't know how many years
51:13
you've been buying them. You know what?
51:16
That's my next Hunter. Invested in Coke.
51:19
I have no idea who the hunter is that you're talking about.
51:22
That invested in Coke. Coke stock.
51:26
You have to give us. What's the stock symbol for
51:27
Coke? And who's this Hunter you're
51:29
talking about? I do know that that the
51:34
president's son has become a great artist, apparently like
51:38
wealthy people. It's just a coincidence I'm sure
51:43
by the president's son's artwork and somehow it's just a
51:49
coincidence They also have some other interests political
51:52
interests that are or agenda they need to have.
51:55
But but then they just is there is they're thinking about their
51:58
agenda. They just run into this
52:00
incredibly beautiful artwork produced by the president's son.
52:06
He is really talented artist. Let me tell you.
52:08
He really is. Anyway, Coke drink.
52:15
Yes, definitely. Yeah.
52:16
Hunter invested in coke it. All right.
52:19
Let me this is the next question.
52:21
How many years have you been buying precious metals?
52:26
I want to get a feel for you. The group, the audience put it
52:29
in the chat. This will be very interesting.
52:31
I've been at it for, oh gosh, I can say easily 15 years.
52:39
OK. Would I rather had put that
52:42
money and left it in the bank? Would I rather had put it and
52:46
left it in the stock market? Honestly, maybe in the stock
52:49
market from a dollar perspective it may have done a little
52:52
better. But do you feel, I do I feel
52:58
good about the metal that I own, the silver in the gold, right?
53:03
I mean 22 years. Two years for Gonzo.
53:06
Ancient time, 2/3 this year. 2 1/2 years for Jeff Nelson, 2017
53:12
for Nith Shore, Three years for Paul Beeler and Williams.
53:16
Bought seven years ago and then had to sell.
53:18
Good, you're back at it. Smash the like.
53:20
Hello Mary Radcliffe, Robin Hood.
53:22
Five years for Gerald Draper. Three years ago for Raven,
53:25
Tennessee, 40 years. Awesome.
53:28
Buddy Silver was $4.00. Wow, Probably 15 years.
53:32
Annie, you and I are about the same 15 years.
53:36
Richard Cooper, Mike Cooper, Silver Sports.
53:40
Autumn Mitchell, Ronnie, Ronnie, Ronnie Casarez.
53:43
Wesley Silver Sports Garden. Four months.
53:47
Good. Keep up the good work.
53:49
It's never too late. It's never too soon.
53:53
I always do recommend dollar cost averaging into your metals
53:56
purchases. That's always just my opinion.
54:01
But when I think about the the money that I converted into
54:06
precious metals, I never regret it.
54:09
And I got a great story. It was 3 summers ago.
54:14
I bought my first junk silver, right 90% silver.
54:17
I remember I went to my local coin shop, Scotsman Coin.
54:20
I bought it. It was in this burlap bag.
54:23
Bring it home. I'm at the kitchen table.
54:26
Susie's cooking something in the kitchen which always smells
54:30
great. Susie is an unbelievably great
54:32
cook. And I'm.
54:36
Hold on. I'll get back to that Azor.
54:38
I'm, I'm, I'm. I'm looking at this.
54:40
This junk silver, constitutional silver with some 90% silver.
54:45
And I'm thinking man, did I make a mistake, you know, that like
54:48
remorse. I don't want to call it buyers
54:51
converters remorse. We'll call it because I
54:53
converted paper into real metal. And I thought, man, did I make a
54:57
mistake. You know?
54:59
And I remember I brought it down and I put it with my other
55:01
stuff. And I look back now.
55:04
And that sure wasn't a mistake. The other thing that's not a
55:07
mistake is how grateful I am that you guys joined me here in
55:11
the basement. It is so important that we stick
55:15
together, guys. OK.
55:17
You're a basement dweller. When you're down here with me,
55:19
you're welcome here. We're going to have a big, big
55:22
party when Silver. Like the silver bear.
55:25
Schmitty there. Let me show you.
55:26
Schmitty. You can't see him.
55:27
Hold on a second. Oh, yeah.
55:30
I got my red shorts on Smitty here.
55:40
Let's put Smitty right here. Oh shit.
55:42
Shoot. Did you hear that?
55:44
I think it's the first time I ever cursed Smitty.
55:48
Smitty the Silver Bear. When Silver gets to $85 right,
55:52
his blindfold comes off and we are going to have a big party.
55:57
I'm not joking. Coin shop.
55:58
Chris and I are getting an RV. We're going to pick up Buddy
56:01
Rumble. We're going to pick up Neil from
56:03
Neil Hans Dynasty. We're going around the country,
56:06
right? Chris claims he's going to strap
56:08
me to the roof at night because we're going to eat Taco Bell
56:11
every day, but nonetheless, we'll see how that plays out.
56:14
But we will come to visit you, right?
56:16
Because when that happens, who knows?
56:19
It could even be $100 silver by then.
56:21
We're going to have a great time, right.
56:25
Hey, thank you. Autumn Mitchell sounds rowdy.
56:29
100 years ago. Ancient Tom.
56:31
That is awesome. You know, I'll tell you another
56:35
quick story. I have two Morgan silver dollars
56:39
that I often bring with me to work.
56:41
I work at a little park at night.
56:43
I I own businesses. It's kind of semi retired 15 and
56:47
I've got a best job in the world.
56:49
Beautiful park by my house called Faust Park and they have
56:52
a historic village where they moved all the old log cabins,
56:56
school houses. There's like 20 buildings in
56:58
this little historic village when they were developing this
57:02
suburban suburbia that I live in, all these buildings from the
57:06
mid 1800s. I have two Morgan Silver
57:09
dollars, OK? One's from 1822 and one's no
57:16
1870 and ones from, I don't know, 1850.
57:20
I don't know any. Anyway, the 1800s.
57:24
And I was driving past the historic village last night on
57:27
my way to my little building where I work.
57:30
And I thought, you know what? I had those in my on my council,
57:34
in my car. I thought if somebody, when they
57:37
were removing these buildings, found, you know, these two
57:41
silver dollars hidden in the wall, there's still valuable
57:45
today. There's still have the same
57:47
value that they had when the guy hit him in the wall of the
57:52
school house or the wall of the old mercantile store or the wall
57:56
of the old house, right, Because there's a bunch of houses in
57:58
there. But if the guy had stuck some
58:01
paper money in the walls, it probably wouldn't have survived.
58:04
And if it had, it wouldn't have its value.
58:06
It's going to be an interesting day, guys.
58:09
Buckle up, right? Fed day could be crazy.
58:11
You know my prediction? We're going to be a middle of
58:14
the road. Everything exactly as expected
58:18
and not a big move in the metals prices today.
58:21
I could be dead wrong. You can call me out.
58:23
I'll eat crow tomorrow if I'm wrong.
58:26
I hope I'm not. I, you know, keep gold at this
58:29
19501980 range, but that later in the week we're going to have
58:37
a not a rocket ship, right? I don't like rocket ship.
58:40
We're going to have a steady increase in the metals prices.
58:43
And is all this other bad stuff that we have going on right now?
58:48
What the CEO of Home Depot said, what the Ryanair CEO said the
58:52
biggest airline in Europe, you know, what the trucking
58:56
companies are telling us is all that bleeds through, right?
58:59
And we know what's really going on out there in the coming
59:03
months that we're going to have a nice steady rise in the metals
59:07
prices. Don't make any investment
59:09
decisions, right? Don't do anything crazy.
59:11
Thank you for the Super chat. Run, hey, run, run, Super chat
59:16
and a good name. I appreciate it.
59:18
OK. Because I'm wrong sometimes,
59:21
right. Often times I'm right.
59:23
And you know, one thing we know for sure that I've heard this
59:27
said before, you know, when it when it rains and it's been
59:30
raining on us for a while, it feels like it's never going to
59:33
stop raining. But I'm telling you, the basic
59:37
conditions out there for the price of silver and the price of
59:40
gold and the price of platinum are changing.
59:42
And we could be, you know, getting some wind in our sails.
59:47
OK, We just got a little bit of wind and we've been fighting a
59:50
good fight. I'll end with that.
59:52
We got to remember, despite the fact that gold and silver
59:56
investors have had the wind blowing in their face, they
59:59
fought a good fight. I appreciate you.
1:00:02
I appreciate you being here. Thank you.
1:00:04
Thank you, Coin shop, Chris for everything you do.
1:00:07
OK, Susie. And thank you.
1:00:09
Right. It's not Ron Tube, it's YouTube.
1:00:11
And I'll see you soon.