Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / This Happens to SILVER PRICE in 2 Months... Thanks Fed

Transcript

This Happens to SILVER PRICE in 2 Months... Thanks Fed · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:03
  The gold price and the silver price could be in for a wild
• 0:07
  ride. We may have to wait a month or
• 0:10
  two or possibly 3:00. But when this happens, the price
• 0:15
  of silver and gold in real terms could go to the moon.
• 0:21
  And what about this job market? Remember, the job market is
• 0:24
  supposedly strong. We know that.
• 0:27
  It's like the last strong leg of a three legged stool.
• 0:32
  It's what the Fed has been leaning on for the last several
• 0:36
  years as their foundation from which they could launch this
• 0:40
  aggressive monetary policy which has been a major downward force
• 0:45
  on the price of the precious metals.
• 0:48
  That is a fact. Another fact is that if we look
• 0:52
  under the hood at the job market, do we discover something
• 0:56
  quite different? Look, we know one thing for
• 0:59
  sure, they've revised the numbers for 10 out of the last
• 1:03
  12 months. That means they report one
• 1:07
  number and then silently and quite sneakily in the subsequent
• 1:11
  months they go back and revise the numbers down, down, down.
• 1:17
  If you analyze what's going on in the job market in the last
• 1:20
  year here in the United States, it's not such a pretty picture.
• 1:25
  Mostly part time jobs are what have been created, right?
• 1:29
  People leave or get fired from their full time job and get two
• 1:33
  or three-part time jobs. Maybe driving a car for Uber or
• 1:38
  delivering Burger King for Dinedash or whatever the heck
• 1:42
  it's called. That's what's going on in the
• 1:46
  economy right now. Fortuna Silver Mines is a global
• 1:49
  intermediate gold and silver producer.
• 1:52
  Since 2005, Fortuna's best in class management has delivered
• 1:56
  impressive growth and profits. Fortuna's solid financial
• 2:01
  position and operational expertise allows for performance
• 2:05
  in any precious metals price cycle and provides a foundation
• 2:10
  from which to harvest great profits in more favorable metals
• 2:13
  markets. Investing in Fortuna is an
• 2:16
  investment in quality, long term, sustainable production of
• 2:20
  in demand, precious and base metals.
• 2:24
  A lot of government jobs being created.
• 2:26
  But remember guys, that's the one strong leg of the stool that
• 2:31
  they've been using as the foundation from which to knock
• 2:36
  the silver and gold price down. But there's something even
• 2:40
  bigger afoot, something that could result in major price
• 2:45
  increases for the value of your silver and gold.
• 2:48
  And that's when the Fed actually does cut interest rates, when
• 2:53
  that happens, likely in March. Right now, they're saying we
• 2:56
  have a 78% chance of an interest rate cut.
• 2:59
  In March. They'll be cutting interest
• 3:02
  rates in an environment where we likely still have inflation,
• 3:07
  which by most measures is still high by any real measure.
• 3:11
  If you look at the real inflation rate measured like
• 3:14
  they did back in the 70s or 80s, inflation is still very high.
• 3:19
  And if they cut rates in an environment where we already
• 3:23
  have high inflation and the number of other national and
• 3:27
  worldwide geopolitical factors that could force the price of
• 3:31
  silver and gold up, things like higher oil prices, I got news
• 3:35
  for you. The Federal Reserve can't
• 3:37
  control the oil price. The Federal Reserve in the
• 3:41
  United States are finding themselves increasingly in a
• 3:45
  more precarious financial situation, and learning that
• 3:50
  most of the rest of the world isn't so willing to go along
• 3:55
  with whatever the United States dictates.
• 3:57
  It's a setup for hyperinflation. We haven't heard that word a lot
• 4:02
  lately, but it's a realistic possibility that we have, if not
• 4:06
  hyperinflation, severely higher inflation, and that will be a
• 4:12
  major catalyst for the silver price and the gold price as we
• 4:18
  move through 2024. I could be dead wrong, but what
• 4:21
  I see is another big, big spike in inflation.
• 4:26
  Honestly, I didn't see that three months ago.
• 4:29
  Do you see it? Does it make sense to you?
• 4:31
  You can leave a comment in the comment section below.
• 4:34
  Right. Thank you for joining us here in
• 4:36
  the basement, by the way. You are the most important part
• 4:40
  of Ron's basement. It's a big deal.
• 4:41
  You're here. Please give this video a thumbs
• 4:44
  up. It looks like my ugly thumb
• 4:46
  little icon you press and subscribing is always free.
• 4:50
  We'd love to have you come back and join us here in the
• 4:53
  basement. And when we look at jobs, let's
• 4:55
  just run through what we know is going on out there right now.
• 5:00
  We know Citicorp, Citigroup with over 200,000 employees is going
• 5:06
  to be laying off somewhere between 20,000, maybe even 23 or
• 5:11
  24,000 people in 2024. Those are good paying jobs with
• 5:18
  great benefits. A lot of the people that work at
• 5:21
  Citigroup are going to have a hard, hard time finding
• 5:26
  equivalent employment. What other big companies We've
• 5:29
  heard about Google laying people off, Amazon laying people off
• 5:34
  the NFL, the National Football League, laying people off
• 5:37
  BlackRock, Nike, Twitch, the list goes on and on.
• 5:42
  These are high paying jobs with good benefits and our heart goes
• 5:47
  out to those that may be losing their jobs because they are
• 5:51
  going to have a hard time finding something that matches
• 5:56
  what they were used to. Especially if they've been
• 5:58
  working at one of these big tech companies where they cater lunch
• 6:01
  every day and have nap rooms and everything else under the sun.
• 6:05
  And there's one more little thing we need to talk about that
• 6:08
  could be happening in March that could send shock waves
• 6:12
  throughout the financial world. First, we want to say thank you
• 6:15
  to our sponsor, Pimbex Pi MB EX. Did you know they are an online
• 6:21
  bullion dealer? If you want to buy gold, silver,
• 6:24
  platinum and you want to get it delivered direct to your door,
• 6:28
  check out Pimbex. What you'll find is they have
• 6:31
  ultra competitive prices, great service.
• 6:35
  And if you dig in and read what people say about Pimbex, you'll
• 6:38
  learn that they're a company you can trust.
• 6:42
  I use Pinbex when I buy Silver. I think if you check it out,
• 6:46
  throw it into the mix. Next time you're shopping around
• 6:49
  for Silver, gold, Platinum, you'll learn what I learned.
• 6:51
  They check all the boxes. Thank you Pinbex, for sponsoring
• 6:55
  Ron's basement. Now, what else could happen in
• 6:59
  March that nobody's really talking about?
• 7:02
  A few of us are talking about it.
• 7:03
  We're going to talk about it right now.
• 7:06
  The Federal Reserve put in place a bailout program last year,
• 7:11
  March, April, when we had this massive banking problem in the
• 7:15
  United States. It's called the Bank Term
• 7:18
  Funding program. And Mr. Barr, who works for the
• 7:22
  Federal Reserve, made a big announcement this week that they
• 7:26
  intend on terminating that program.
• 7:29
  It was for just one year. Everybody thinks it would be
• 7:32
  extended more and more banks are turning to this program.
• 7:37
  It'll it's a bailout in simple terms.
• 7:39
  It allows banks to give, get loans against what are some real
• 7:43
  cruddy investments that they made with your money, right.
• 7:47
  And it helps the banks remain solvent.
• 7:50
  We could be moving into a very interesting couple of months for
• 7:54
  the banking sector alone. That, coupled with the Fed
• 7:57
  cutting rates, an inflation boom, everything spells A
• 8:02
  conducive environment for much, much higher silver prices and
• 8:07
  gold prices. You know one thing for sure?
• 8:10
  It's going to be a choppy ride. Stormy weather.
• 8:13
  Look, one great thing about us basement dwellers that have been
• 8:16
  in the silver and gold market for a while.
• 8:19
  We've been toughened up. We've already been run through
• 8:23
  the mill. We know that what we hold is
• 8:26
  value. We hold silver, we hold gold
• 8:29
  because of properties that it's had for thousands and thousands
• 8:33
  of years. We'll just take it one day at a
• 8:36
  time. But I hope you come back
• 8:37
  tomorrow. I'll look forward to seeing you
• 8:39
  soon.