Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / "X" Twitter ERUPTS 🚨 News of $20k GOLD Standard -- (Silver Price Too)

Transcript

"X" Twitter ERUPTS 🚨 News of $20k GOLD Standard -- (Silver Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:04
  What if our potential next president put someone in the Fed
• 0:09
  who is in favor of the gold standard?
• 0:11
  We've got big breaking news announced on Twitter that's very
• 0:16
  interesting regarding what we could see with the next
• 0:20
  presidency at the Fed, and it has everything to do with the
• 0:24
  gold standard. But we got more as well.
• 0:26
  Guys, if you heard about the Malignant 7, you probably heard
• 0:30
  of the magnificent 7, but what about the malignant 7?
• 0:33
  We're going to talk about them and a number of other factors
• 0:36
  that could result in massive amounts of money.
• 0:40
  Yes, going into your friend and my friend and thank you, by the
• 0:43
  way, for being here friends, please give this a thumbs up.
• 0:46
  Don't forget to subscribe. It's free.
• 0:48
  But our other friends, silver and gold, massive amounts of
• 0:53
  money moving in. If four or five of these factors
• 0:57
  come into fruition and we're going to cover all of that,
• 1:00
  what's the big trick? You've been tricked.
• 1:02
  We've all been tricked. Most people have been tricked by
• 1:06
  the education system, by the financial services industry.
• 1:10
  They don't tell you anything about gold and silver.
• 1:14
  But there's one big, big trick they pulled on everybody.
• 1:17
  We're going to cover that as well.
• 1:19
  We're going to do all this in 1/2 hour.
• 1:21
  By the way, also crazy comparison, silver in 1980
• 1:27
  compared to the Dow compared to silver now compared to the Dow,
• 1:31
  This one, this is the knock your socks off moment that you've all
• 1:35
  been waiting for. But let's get started with this
• 1:38
  big story about the gold standard, $20,000 gold.
• 1:43
  I didn't say it. Somebody else said it this time.
• 1:46
  But let's dig up. Let's dig into this and see what
• 1:48
  they're talking about, see what it has to do with the Fed.
• 1:52
  And this comes from our friend John Little over at Gold Star
• 1:56
  Gold Market Sub Stack. You can also follow him at the
• 1:59
  pickaxe. John Little, Big John Little, I
• 2:02
  like to call him, is like a warrior in the precious metals
• 2:06
  sector. I've got a link to the Silver
• 2:09
  Academy, one of his other sub stacks in the description of
• 2:12
  this in every video. But here we go, guys.
• 2:14
  Rumors, rumors. I don't know.
• 2:17
  Is this a rumor We're going to find out of a gold standard
• 2:22
  under, quote, the Donald Trump's appointment to the Fed?
• 2:26
  Judy Lynn Shelton floats it out there on social media.
• 2:31
  Gold revalued to 20. I told you it wasn't just me.
• 2:35
  I got a lot of grief yesterday. You should see the hate mail and
• 2:38
  get sent in to me. But here it is.
• 2:41
  Gold revalued at $20,000 per oz is one way to solve the US debt
• 2:47
  crisis. Let's dig into this.
• 2:48
  It gets more interesting, Judy. Judy Lynn Shelton is an American
• 2:54
  economic advisor to former President Donald Trump.
• 2:58
  She's known for her advocacy, for a return to the gold
• 3:03
  standard, and for her criticisms of the Federal Reserve.
• 3:07
  Hey, I think we like her, right? Donald Trump announced he would
• 3:12
  nominate Shelton to the Fed. Judy Shelton's social media post
• 3:17
  yesterday is giant news that legacy media will ignore.
• 3:22
  So the mainstream media is going to ignore this guy's, but it's
• 3:25
  major news and at the right time of the writing of this article
• 3:29
  had about 245 thousand 45,000 views.
• 3:34
  I checked right before I came on and it's approaching 300,000
• 3:39
  views at this point. But let's look at what she said.
• 3:42
  Let's go down here first. I don't know if I can, I can't.
• 3:45
  Well, I'm here, I can go into that.
• 3:47
  So risk take said that in 1971 Nixon abolished the gold
• 3:52
  standard 2024 will we introduce it question mark and Judy
• 3:59
  Shelton, remember, this is Donald Trump's person that he
• 4:04
  wants to see in the Fed said thinking something like that,
• 4:09
  but that sink in. But in 2026, stay tuned.
• 4:15
  Very, very interesting. But there's more.
• 4:18
  Let's see what else they have to say down here.
• 4:22
  And then the junior, junior mining investor threw in and
• 4:26
  price it somewhere above 20 K per oz.
• 4:29
  And you solve the debt crisis as well.
• 4:32
  Now we've got a NASDAQ report. The NASDAQ reports on rumors of
• 4:38
  a gold standard under Trump. Rumors that the gold standard
• 4:42
  could be reinstated during Trump's presidency centered
• 4:46
  largely on positive comments he made about the idea.
• 4:50
  Notably, he suggested that it would be wonderful to bring back
• 4:54
  the gold standard, and a number of his advisors were of the same
• 4:58
  mind. Judy Shelton, John Allison and
• 5:01
  others support the concept. Now, I don't know if this NASDAQ
• 5:05
  comment was from when he was president 'cause I know this
• 5:08
  came up, or if this is actually very recent news as well.
• 5:11
  But guys, the bottom line here is they're talking about the
• 5:15
  gold standard. We talked about this yesterday.
• 5:18
  We've never, we got, we've never gone off the gold standard.
• 5:20
  I talked with Rafi Farber this morning and we touched on this
• 5:24
  subject. You can watch the interview that
• 5:25
  I did with him and he'll be out Tuesday or Wednesday.
• 5:28
  Like did did the world really ever go off the gold standard,
• 5:32
  the silver standard? They're kind of like always
• 5:35
  there. I like to use the analogy,
• 5:37
  they're like a bear that's been hibernating since 1971, right?
• 5:42
  We're starting to wake up And when they wake up, we could be
• 5:46
  in for massive. I mean, what do you think when
• 5:49
  you hear this? The gold standard while we're up
• 5:52
  here, let's just go look. We took we took a look at this
• 5:55
  yesterday, but this comes from Matt Pipenberg was an article on
• 5:58
  zero hedge. Look at this chart.
• 6:01
  OK, start up here, 1971. All right, gold $35.
• 6:08
  Nixon takes us off the gold standard.
• 6:10
  So from 71 to 2024, gold down. I'm sorry, the dollar down 98.5%
• 6:21
  night since 1971. So we've got a gold price today.
• 6:25
  They say 2300. I just checked, it's still
• 6:28
  24802490 nonetheless. OK, that's what's happened.
• 6:33
  If we go down a further, go over here to the red box, that's the
• 6:37
  future. All right, go down a further 90
• 6:41
  to 99%. We already went down 99% during
• 6:45
  the post Nixon, post gold standard era when we were we had
• 6:50
  everything working in our favor. We still managed to destroy
• 6:53
  98.5% of the value of the dollar against gold.
• 6:57
  Look at what's happening now. Look at what's going on in the
• 7:00
  world. Look at the political situation
• 7:02
  in the United States. Look at the social situation.
• 7:04
  What do you think when you look at that?
• 7:06
  Look at the fiscal situation in the United States.
• 7:09
  Look at the monetary situation and look at what's going on in
• 7:12
  the world. You're going to tell me that
• 7:14
  this red box isn't going to be as dramatic as that blue box.
• 7:18
  I think I like what they say between between 2025 and 2030,
• 7:25
  right? Because I've heard Lynette Zhang
• 7:26
  say this. Things are happening more
• 7:29
  quickly now. Everything has escalated.
• 7:32
  That's the E word ever. When you were a kid, go to the
• 7:35
  mall with your mommy and ride the escalator, right?
• 7:38
  Going up and up and up. Things are getting more and more
• 7:41
  extreme. Things are happening on a larger
• 7:44
  scale and they're happening more frequently.
• 7:48
  That makes this red box occur in a much shorter time frame than
• 7:52
  this blue box occurred. And if that occurs, oh, look
• 7:55
  where we go. Buttercup, are you sitting down?
• 7:59
  We go to 20,000 or even as high as 200,000 per oz in gold.
• 8:05
  What will that do for silver? Rafi and I were talking this
• 8:09
  morning. Rafi has a great interview or a
• 8:12
  great video he put out on Arcadia Economics on Friday
• 8:16
  talking about the gold, the silver ratio that even in 1980.
• 8:20
  And I'm going to talk to you about something that happened in
• 8:22
  1980. This is going to blow your mind.
• 8:25
  Compare a comparison with silver and it's going to make you feel
• 8:29
  even more warm and fuzzy, OK, about silver.
• 8:33
  We're going to get to that toward the end of this video.
• 8:36
  But, but let's remember, if we're at $20,000 gold, we'll be
• 8:41
  conservative, OK? In 1980, the gold, the silver
• 8:45
  ratio got to 20. OK, if it gets to 20 again, that
• 8:50
  makes $1000 gold. How does that make you?
• 8:54
  I'm sorry, $1000 silver, $20,000 gold.
• 8:58
  I'm all mixed up today. Sorry.
• 8:59
  I was sitting out in the sun for three hours watching my daughter
• 9:02
  Evelyn play softball. So my brain's a little more
• 9:05
  fried than average. That's where we're heading,
• 9:08
  right? That is where we are heading.
• 9:11
  What's going to drive the malignant 7?
• 9:13
  Have you heard of them? I get, I get so sick.
• 9:18
  I mean, the stock market, let me just say this, the general stock
• 9:21
  market outside of a few sectors, including the precious metal
• 9:27
  mining sector, but the general stock market is a bubble, a big
• 9:31
  bubble. Can you say bubble bubble smile
• 9:34
  when you say it? OK.
• 9:36
  And are are are you? I mean the malignant, I'm sorry,
• 9:38
  the magnificent 7. All right, what's going to drive
• 9:41
  big money into the silver and gold sector?
• 9:44
  Remember, right, extras pyramid, silver and gold are the base of
• 9:47
  everything. When money starts falling out of
• 9:49
  the stock market, falling out of the OK, that's going to be a big
• 9:52
  thing. All right, Money leaving the
• 9:54
  stock market because corporate profits are being squeezed
• 9:58
  because interest rates are higher.
• 10:00
  The malignant, they're starting to call it the malignant 7,
• 10:04
  right? Whatever they are.
• 10:05
  Apple, Microsoft, NVIDIA, Amazon, I forget.
• 10:09
  There's a few more. People are waking up that these
• 10:12
  companies are just crazy overvalued.
• 10:15
  Everybody said, oh, it's tech. Tech's the future.
• 10:18
  Tech. Mama, I'm gonna tell you
• 10:20
  something. There's gonna be a day.
• 10:22
  OK? Basement dwellers, right?
• 10:24
  I want you to smile with me. Smile because there's going to
• 10:29
  be a day when they're going to be saying, oh, gold, oh silver.
• 10:33
  You're right. When all the ducks are quacking,
• 10:36
  that's when we're going to be converting some of our gold and
• 10:39
  silver into other real assets because the mass crowd is going
• 10:43
  to join us. The bond market, the bond
• 10:45
  market's toast. I'm sorry, right?
• 10:48
  Anybody who's buying 20 year or 30 year US bonds, really.
• 10:54
  I mean, do you have a brain? I could be wrong.
• 10:58
  Yes, you have a brain. I didn't.
• 10:59
  If you bought a 20 year bond at three 4%, they're still low
• 11:03
  cause the yield curves. In fact, it makes no sense.
• 11:07
  Money is coming out of the stock market.
• 11:09
  Money is gonna come out further out of the bond market.
• 11:12
  And here's the beauty, right? Silver and gold down at the
• 11:16
  bottom. The base of everything, the
• 11:18
  market cap, the total value. What, 15 trillion total value.
• 11:24
  Oh, we got 100 thumbs up. Thank you, Susie.
• 11:26
  I will ring the dinger here in a second.
• 11:29
  But 15 trillion. Hey, Snake Pie.
• 11:31
  Thank you. Just smile.
• 11:33
  That's right. I need to smile more.
• 11:35
  Look, I got to be honest with you guys.
• 11:37
  I need to smile more. So I got this sticker from my
• 11:40
  local McDonald's. I think they're meant for the
• 11:43
  kids, but I'm going to stick it here on my new microphone so I
• 11:46
  remember to smile more because, you know, smiles are contagious
• 11:50
  nonetheless. Where was I?
• 11:51
  Oh, man, I forgot. Oh, 15 trillion is the total
• 11:55
  market cap of all the gold in the world, period.
• 12:00
  OK, 1.5 trillion is the total market cap of all the silver in
• 12:05
  the world. So that little bit, what is that
• 12:08
  16 trillion has what, 300 trillion in world debt?
• 12:13
  Who knows how much paper money? Who knows how much derivatives
• 12:16
  or what 3 quadrillion? Like if 1%, 1% of the world's of
• 12:23
  the money that's supposedly exists in the three quadrillion
• 12:28
  of derivatives, 1% would be $30 trillion.
• 12:32
  If that flowed into silver and gold, that would like triple the
• 12:36
  amount of money alone. OK.
• 12:38
  Not to mention everybody waking up, not to mention everything
• 12:41
  else. Real estate, right?
• 12:43
  Are you gonna buy? You wanna buy a house right now?
• 12:46
  Good luck, right? Good luck getting a mortgage if
• 12:49
  you want to pay 8%, seven percent the the real estate
• 12:53
  market and residential and commercial both more money leave
• 12:59
  people are it's going to be it's people.
• 13:03
  Here's what's going to happen. People are going to start
• 13:05
  looking again. Stock market doesn't look too
• 13:07
  good bond market. Well, why would I want to buy a
• 13:11
  bond when inflation, if inflation's going to be higher
• 13:14
  than the rate that I get on the bond?
• 13:16
  Do I want to buy a house? Well, the same house I could
• 13:19
  have bought three years ago for 300,000 now cost 500 or 600 or
• 13:23
  800,000. Wanna buy some commercial real
• 13:26
  estate? People are itching to go back
• 13:28
  into the office, aren't they? I mean, come on, where's all
• 13:31
  this money gonna go? I'll tell you where.
• 13:34
  Things like oil, farmland. Oh, yes, and silver and gold.
• 13:40
  And it will be a beautiful, beautiful day.
• 13:43
  But wait, there's more. Because when we have loss and
• 13:45
  confidence in the Fed, that's already happening.
• 13:49
  People are waking up, right? When people lose, Cobb, where'd
• 13:52
  it go? Where'd it go?
• 13:54
  You know, Yeah. I wish this wasn't the case.
• 13:57
  I wish this wasn't just nothing but paper, right?
• 14:00
  I wish it was still backed by gold or silver.
• 14:03
  But the reality is when people wake up and it's going to be
• 14:06
  inflation, inflation is the godfather, right?
• 14:10
  The of, of, of the silver and gold market.
• 14:13
  When people wake up, when an inflation eats away more and
• 14:17
  more, right at the value of that paper money and then all the
• 14:21
  sheeple, you're not a sheeple. You're not.
• 14:23
  No, no. You're here in the basement.
• 14:24
  You're a basement dweller. Trust me.
• 14:27
  I even get the analytics from Google.
• 14:30
  You know that. And they've told me that, like
• 14:32
  my audience, they'll pay advertisers those ads they force
• 14:37
  you to watch, OK. And they make me watch them,
• 14:39
  too, even on my own show, right? Advertisers are willing to pay
• 14:43
  big money to advertise like higher than almost any other.
• 14:47
  It's called CPM rate or something like that, because the
• 14:51
  people that view this are smarter basically had more
• 14:56
  money, I guess as well, but smarter.
• 14:59
  I forgot how good how they said it, but it's like it's a, it's
• 15:01
  a, it's in kind of you're, you're in a very elite crowd.
• 15:04
  So you're not, you know, no, you're a basement dweller.
• 15:07
  But when the sheep will wake up, when the sheep will finally
• 15:10
  figure out like, you know, keeping my money in the banks,
• 15:14
  all those different things, the dollars losing value, the real
• 15:18
  estate doesn't look good. The stock market stinks.
• 15:22
  Bonds. Well, yeah.
• 15:24
  And. And you know what about gold and
• 15:27
  silver? I think I remember my great
• 15:28
  grandpa talking about that. And some of my neighbors who
• 15:32
  might just happen to be basement dwellers, that's when we're
• 15:35
  gonna see a massive amount of money coming into the precious
• 15:39
  metal sector. Let's talk about the financial
• 15:41
  services industry and how they trick you, right?
• 15:44
  They trick. They're tricky, right?
• 15:46
  The mainstream financial services industry, I'm not a
• 15:50
  huge fan. To each their own.
• 15:52
  I'm not offering financial advice, but I will offer
• 15:55
  financial advice today. It's a special day.
• 16:00
  OK, we'll get to that financial advice in just one second.
• 16:04
  Right now, we want to say thank you to our channel sponsor,
• 16:07
  Pinbex Pi MB EX. Let's run out there real quick.
• 16:11
  Let's see if we get a quote on silver and gold.
• 16:14
  Thanks again, Snakebite for that super, super, super chat and all
• 16:18
  your support. Snakebite Gold, they're saying
• 16:21
  here, let me update this. OK, Gold 2392, I don't think
• 16:27
  it's trading yet. Silver 2870, if you're looking
• 16:30
  to buy gold, silver, platinum group metals, go check out
• 16:34
  Pinbex. Look, I learned about the
• 16:36
  company from you, from viewers, like three or four of you.
• 16:41
  This was a year and a half ago, said Ron.
• 16:44
  Check out Pinbex. They've got great prices.
• 16:46
  And I thought, well, yeah, but I at that point, honestly, I'd
• 16:49
  never heard of them. So I did my research.
• 16:51
  I read reviews, I made an order with them.
• 16:55
  I discovered what everybody told me that yes, their prices when I
• 16:59
  what I was shopping for by far were the best.
• 17:02
  But the customer service was awesome.
• 17:04
  And I know I'm getting yelled at by Susie here.
• 17:06
  Hold on a second. Let me finish with Pendex.
• 17:10
  Customer service was great, the packaging was great.
• 17:13
  I got more metal for my money. I'm not going to tell you what
• 17:16
  to do, but I would just highly recommend that if you're out
• 17:19
  shopping for metals, consider. I talked to a guy earlier today
• 17:23
  who said he told one of his friends about Pinbec's and how
• 17:26
  happy he was that he bought a big amount.
• 17:30
  I'll leave it at that. And that he was thrilled with
• 17:32
  Pinbec's. You'll find, I believe, what I
• 17:37
  found that with Pendex, you get great everything.
• 17:40
  And on top of it all, you get more metal for your money.
• 17:44
  Let's see what Susie's yelling at me about.
• 17:45
  Hold on one second here, guys. 100.
• 17:49
  OK, OK. Jake 2000.
• 17:52
  I have two other super chats. Sorry, guys, I can't see all
• 17:55
  these super chats. I appreciate the Super chats.
• 17:58
  I do, and thank you. OK, wait.
• 18:02
  Is there a way to do that? Hold on here.
• 18:05
  Oh, yeah. Here we go.
• 18:06
  Ryan McAdams. Thank you.
• 18:09
  Thank you, Ryan. There's our friend Ryan.
• 18:11
  Take a look at him. And Craig Edmonds.
• 18:12
  Mr. Craig, our friend out on the West Coast, Northwest, the great
• 18:17
  Pacific Northwest. We're gonna do the pocket pinger
• 18:20
  you guys had. No, this this thing is cool.
• 18:22
  Wow. Somebody sent it to me, and it's
• 18:25
  really an awesome tool. And I have an app on my phone.
• 18:29
  All the different coins make a slightly different noise.
• 18:32
  This is an American. Oh boy, here I go again.
• 18:35
  Me and me and my show and tell. I just love, I'm sorry, I love
• 18:40
  American. So I love these things and I
• 18:43
  just lately got to buy them because the premiums were were
• 18:46
  down. Anyway, they all make a
• 18:48
  different noise. I'm going to ring this for you,
• 18:51
  see if you can tell, and I'm going to put Craig up and then
• 18:55
  we're going to dig in. We got more to talk about, but
• 18:59
  here we go. Comes with a little stick.
• 19:02
  It's called the stack stick and 13456 I'm smiling 78910 all
• 19:13
  right, that's ten rings of the bell for 100 thumbs up.
• 19:16
  Thank you guys, I appreciate it. OK, oh free for the advice,
• 19:22
  financial advice. Yes, yes.
• 19:24
  OK, here we go. Here we go.
• 19:27
  Free financial advice, big trick by financial service industry.
• 19:31
  And I wrote this out for you. That's how important this is.
• 19:34
  It's the big double D. Can you say double D and smile
• 19:38
  when you say it? Everyone talks about
• 19:41
  diversification. What do you what?
• 19:43
  What do they all say? You need to diversify.
• 19:46
  You need to diversify. Oh, you know, give us all your
• 19:49
  money. OK, I'm from the mainstream
• 19:52
  financial services industry. We want all give me your money
• 19:55
  and I'm going to put you in all these different mutual funds and
• 19:57
  we're going to diversify, OK, be diversified, which I won't argue
• 20:02
  against them being a good thing. I'm not diversified.
• 20:05
  I'm all precious metal mining stocks, but that's just my my
• 20:09
  situation. I would say that they're wrong,
• 20:14
  OK, it's a double D diversification, OK is not the
• 20:18
  most important thing. The most important thing is to
• 20:22
  get rid of debt. Get rid of your debt first, OK,
• 20:27
  and then? You can invest and diversify.
• 20:30
  That's just my opinion. That's just my financial advice.
• 20:33
  I'm not saying that I'm right necessarily, but I do understand
• 20:39
  money from having studied it at a top tier university in
• 20:42
  accounting. They want your, they, they don't
• 20:45
  want you to pay off your. This is why debt, paying off
• 20:48
  debt's so important 'cause if you got a debt that you're
• 20:51
  paying, I got 200 thumbs up. We're gonna ring the cowbell in
• 20:54
  just one second. Wow, you guys, we got 700 people
• 20:57
  on a Sunday. This is why it's so important in
• 21:00
  my opinion, to pay off debt first, OK?
• 21:02
  Because if you've got $100,000 loan that you're paying 7% on or
• 21:09
  100,000 in credit cards that you're paying 25% on, right?
• 21:12
  You know for sure if it's 7% that you're losing 7 grand a
• 21:18
  year, you know for sure if it's credit cards 100,000 and 25%
• 21:23
  that you're losing 25 K per year.
• 21:27
  So if you pay that off first, that's an automatic win, baby,
• 21:31
  an automatic win. And you could say, well, I could
• 21:34
  invest that money and do better. OK, If you've got 100,000 in the
• 21:38
  stock market and 100,000 in debt, OK, you got to make more
• 21:43
  than 7% in the market for it to, for you to get ahead.
• 21:48
  OK, but you could lose that, that stock.
• 21:52
  I could go down by 50%. So then now you've only got 50
• 21:56
  grand in the market. You still owe the 100 and you're
• 21:59
  still paying the interest. So I don't care what the
• 22:01
  financial services industry says, pay off your debts first.
• 22:05
  That's my opinion. Now some debt like mortgage debt
• 22:09
  at two or three percent, I can see a bit of an argument.
• 22:12
  But overall, they're always saying, Oh, no, you need to
• 22:15
  diversify. No, the big D word they need to
• 22:18
  put first is debt. OK.
• 22:20
  To me, it's black and white diversification.
• 22:24
  It's and the other thing is diversification's imperfect art.
• 22:28
  OK, Nobody knows how to perfectly diversify.
• 22:31
  I can tell you paying off debt is perfect.
• 22:34
  It eliminates that expense, that additional expense, and you will
• 22:38
  come out ahead. What about 1980?
• 22:41
  This is crazy. When I read this, this is
• 22:44
  absolutely, absolutely nuts. OK, It has to do with silver.
• 22:50
  Before we do that, I'm going to butter you up and say thank you
• 22:53
  for being here. When you're in the basement,
• 22:56
  we're going to talk about silver and gold.
• 22:58
  We're going to talk about where things are going.
• 23:00
  We're going to dig a little deeper.
• 23:02
  And I appreciate you being here. You are the most important part
• 23:05
  of Ron's basement. Thank you for the thumbs up.
• 23:08
  That helps get the word out to more people.
• 23:11
  OK, And you can always subscribe.
• 23:13
  It's free. And thanks again for all the
• 23:15
  Super chats. All right, we, we appreciate it.
• 23:18
  1980 sit down. Make sure you hold on to your
• 23:23
  socks or they're going to get knocked off.
• 23:25
  OK, Buttercup, in 1980, I was 10 years old.
• 23:33
  What was I doing in 1980? I tell you what I was doing in
• 23:35
  1980, I was playing with this right, the silver Stomper.
• 23:40
  Hold on, all right? Anyway, in 1980, the price of
• 23:51
  silver, they say was $40.00 an ounce.
• 23:53
  We know it hit as high as 50. All right, none the less, this
• 23:57
  is nuts. You know what the Dow Jones
• 24:01
  Industrial Average was in 1980? It was 1000.
• 24:05
  So think about this. 1980 you had $40.50 dollar silver.
• 24:11
  The Dow Jones Industrial average was at 1000.
• 24:15
  Today, even though we've had a great, great run in the silver
• 24:22
  price. Absolutely, right.
• 24:23
  But we're still, we're at what, $2829 per hour Silver's lower
• 24:28
  today than it was in 1980. I know you know that, but think
• 24:32
  about this. This is the part where you want
• 24:34
  to hold on to your socks. The Dow has gone from 1000 in
• 24:39
  1980 to 38,000. I had to look it up.
• 24:43
  I couldn't believe it. I was like, this can't be true.
• 24:46
  It is true. OK, silver, I mean, silver is
• 24:52
  lower now than it was in 1980, and the Dow Jones industrial
• 24:57
  average is 38 times higher. And you're going to tell me that
• 25:00
  silver's not the most undervalued asset on the face of
• 25:05
  the Earth? Even the organization called the
• 25:09
  Silver Institute, which is coming under a little bit of
• 25:12
  criticism lately, even with their numbers showing the supply
• 25:16
  demand dynamics. Silver is, is, is.
• 25:20
  There's nothing like it on the planet.
• 25:23
  There's nothing like it. And you're gonna tell me, right,
• 25:27
  that, that the price today is lower than it was in 1980, but
• 25:32
  the Dow is 38 times higher. And you're gonna tell me.
• 25:36
  You're gonna tell me #1 silver's not undervalued.
• 25:40
  And that the general stock market, think about it.
• 25:43
  There's 38 times more money in the Dow Jones OK today as
• 25:49
  opposed to 1980. And in 1980, we had silver that
• 25:53
  was not twice as high as it is today, but pretty darn near
• 25:57
  close, OK. I think it's safe to say,
• 25:59
  though, that in 1980 you would have been better off putting
• 26:03
  your money into the Dow. But who knows, right?
• 26:05
  Hindsight's 2020 vision. Do you think the next 45 years
• 26:10
  are gonna present the same thing?
• 26:12
  I don't. I don't.
• 26:13
  I absolutely don't. Because we got big, big
• 26:17
  problems. We've got an inflation problem
• 26:20
  in this country right now. And nothing is gonna impact the
• 26:25
  price of silver and gold #1 like inflation #2 geopolitical
• 26:30
  turmoil, All right? We're gonna get a crazy story
• 26:34
  about inflation, about inflation.
• 26:36
  All right? It it never ceases to amaze me
• 26:43
  what is going on out there right now.
• 26:44
  But before we get to inflation, don't forget geopolitics.
• 26:49
  All right, war. We're not going to beat that
• 26:52
  drum. But that's the other major key
• 26:55
  that will support the silver price and gold price as we move
• 26:58
  forward. OK, hold on.
• 27:01
  Jake just sent something to me. Oh, hey, Chris from Arcadia
• 27:05
  Economics is here. You guys all know Chris, Chris
• 27:08
  Marcus from Arcadia Economics. Please say welcome to him.
• 27:13
  A guy that really taught me a lot about silver in my early
• 27:18
  years. So and a great guy and I
• 27:20
  consider him a great friend as well.
• 27:22
  You guys all know Arcadia Economics.
• 27:24
  If by chance you don't go check him out, right?
• 27:26
  Top notch. A good friend of Jake from
• 27:28
  Jake's Custom parts as well. But let's go to this article
• 27:32
  about we're gonna, we're gonna talk about more proof of
• 27:36
  inflation and where'd it go? Is this it?
• 27:41
  Here it is. This comes from Zero Hedge 7,
• 27:47
  and I don't curse on this show, but $7.00 social media
• 27:52
  influencer rages after paying $7.00 for an apple at Whole
• 27:57
  Foods. All right, I'll just read a
• 27:59
  couple of these times. I hate to see the millennials
• 28:02
  get so mad, but here it says we're being told that Bidenomics
• 28:05
  is working and that inflation's under control.
• 28:08
  Yet when we see articles about shoppers in America paying $7.00
• 28:13
  for an apple, it's hard to make peace with the narrative the
• 28:17
  current administration is trying to convince the populace of,
• 28:21
  right, like everything's good. Larry Summers.
• 28:24
  Larry Summers, he was the 71st Treasury Secretary of the United
• 28:29
  States just a few weeks ago came out and said that the real
• 28:33
  inflation rate, I think it was, what, 2022?
• 28:37
  The real inflation rate was like 18 or 19%.
• 28:41
  And everybody knows. And now they're trying to tell
• 28:43
  us, oh, inflation, we've got it. The Fed's starting to win,
• 28:46
  right? Well, yeah.
• 28:48
  Well, maybe, maybe in in your cookbook numbers you can tell us
• 28:52
  we have 3 or 4% inflation, but that's after we took a massive,
• 28:59
  massive hit in 2022. All right.
• 29:04
  That was the case last week when a Boston based influencer took
• 29:07
  the TikTok to claim that she paid $7.00 for an apple and only
• 29:12
  one apple at Whole Foods, according to a report by the New
• 29:17
  York Post. All right guys, we're going to
• 29:19
  wrap it up here for Sunday night.
• 29:21
  It's going to be interesting to see what goes on this week in
• 29:25
  the silver and gold markets. You know, I'm going to be here
• 29:28
  for you each and every day. That's the plan.
• 29:31
  In the meantime, take care of yourself.
• 29:33
  Be nice to yourself first. That'll help you be nice to
• 29:36
  other people. Thank you for being here.
• 29:38
  I'll see you soon.