Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡SILVER Investor⚡- YOU Ready for THIS - (MASSIVE News Update for Gold and Silver Price)

Transcript

⚡SILVER Investor⚡- YOU Ready for THIS - (MASSIVE News Update for Gold and Silver Price) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
Prepare. It is going to be a crazy couple
0:05
weeks, a crazy month in the silver and gold markets.
0:08
We got a lot going on and we have big reasons, massive news
0:13
stories which can give us optimism about the future of the
0:17
gold and silver price. Let's start with our friend Tavi
0:21
Costa, right? The smartest guy in the room.
0:24
I refer to him quite often guys. He brought up some good points.
0:28
The past few weeks have been especially significant for
0:31
precious metals investors. The long-awaited ripple effects
0:36
of rising gold prices are finally becoming evident in
0:40
silver. Silver is now consistently
0:44
outperforming gold, miners are outpacing the metals themselves,
0:47
and junior companies are showing greater resilience than their
0:50
senior counterparts. I've got a chart that we're
0:53
going to look at right now. That to me was absolutely
0:56
astounding. Another one from Tavi Costa.
1:01
I'll just read briefly what he says here.
1:03
Gold is rising as the market begins to price.
1:05
In the likelihood of a Fed forced to cut rates further
1:09
despite persistent inflation, right?
1:12
Stagflation. the Fed is going to have to cut rates in an
1:15
environment where we already have inflation.
1:19
We've talked about this ad nauseam.
1:21
Could send the inflation rates through the roof.
1:23
Be prepared. That's critical.
1:26
That's critical for silver and gold investors.
1:28
Inflation will rule the day in 2025 in regards to how it
1:34
impacts the gold and silver prices.
1:37
Uh oh, hold on here guys. Here we go.
1:42
OK, now we're back. I think you can now let me
1:45
double check here, make sure we're live, which we are.
1:49
And yes, you can see this. OK, This is the important thing
1:54
that I wanted to show you. This is the gold and silver
1:57
chart from Tavi Costa. There's like three things on
2:01
here that are absolutely, you're going to be rattled after you
2:05
see this. OK, so the blue line is the
2:09
silver price. We all know in 1980 it got to
2:12
50. We all know in 2011 it got to
2:15
50. The yellow line is the gold
2:17
price. Number one, look how silver just
2:21
completely outperforms gold during these bull markets.
2:25
Did it into in 1980, did it again in 2011.
2:28
Here we are now. So you have to realize, right,
2:33
gold right now is 44% above its 2011 highs.
2:39
Silver is 29% below. Still, this shows us just how
2:44
crazy of a move that we can have in the silver price because
2:48
remember, look back here, the blue line shot way, way higher
2:53
If that were to happen again, here's 50.
2:56
Let's draw on the chart here cuz this is exciting.
2:59
Here's $50 silver OK, kind of circled it.
3:04
I don't know what that looks like a little Dutch wooden shoe
3:07
nonetheless, there's $50 silver blue line, $50 silver.
3:12
Look at silver way down here. Look how gold, right look how
3:16
silver in the past is way outperformed.
3:19
That would mean oops, that would mean silver going like well, it
3:26
goes off the screen basically we'll draw an arrow.
3:28
But two more things to think about when we look at this
3:31
chart, OK, in in 2011, in 1980, there were things were a little
3:39
bit different then, OK, number one, OK, China and India were
3:45
not players and as big a players as they are now in 1980, China,
3:49
no offense, India, no offense, their economies were minuscule.
3:53
Even in 2011, China and India's economies were nowhere near as
3:58
big as they are now. And those are the driving forces
4:02
in particular where we know for gold, but think about silver as
4:06
well. Think about how things performed
4:08
in those years, 2011, 1980 without the benefit for silver
4:13
in particular of having China in and India being these massive
4:18
economies. All right, we're going to talk
4:20
about Russia a little bit later in this video.
4:23
That is different. The other thing is back in those
4:25
time periods. Let me get you back here and say
4:28
hello. Back in those time periods where
4:30
we had silver shoot up to $50, way outperform gold, we also
4:35
didn't have this massive imbalance of supply and demand,
4:40
the silver deficit. Shore silver was being used in
4:43
electronic shore silver was being used in medical equipment
4:47
and solar panels, but nothing, there were no electric cars back
4:50
then. Think about it, there was a
4:52
fraction of the silver panels being being built.
4:55
So #1 China and India's economies are bigger, which are
4:59
demanding more silver. But #2 from a technology
5:03
perspective, we have even more silver being demanded right now.
5:08
What about Citibank? Oh man, there's so much going
5:11
on, guys. The world's biggest bank
5:15
Citibank. Where are we here?
5:17
OK here we go. This comes from the metal and
5:19
minor sub stack City stays bullish on gold.
5:23
They they hike the three month outlook for the gold price to
5:27
2800 dollars. Wait till you hear what they say
5:29
about silver. There's the chart of gold.
5:32
We love that there's image not found city.
5:36
Remember guys, Citibank has like 200 and 4200.
5:39
They're over 200,000 employees. They're they're one of the big
5:42
guys. Their research has raised the
5:44
three months month forecast for gold prices in green.
5:48
The bank upgraded the three month gold price to $2800 per oz
5:53
from 2700 previously, adding that it's 6:00 to 12:00
5:57
forecast. 12 month forecast is $3000.
6:01
It revised. OK, here we go.
6:03
Silver, remember that chart we just looked at?
6:07
Let me go back very quickly. This is so important.
6:10
Hold on here. All right, We got you up there,
6:14
guys. Get rid of that just one more
6:17
time. Look at this chart and realize
6:19
where silver is right now. Remember how silver outshot gold
6:24
in both of those previous bull markets?
6:26
Again, we're talking like 80 to do the same thing.
6:30
We're talking eighty $9100 silver.
6:33
And what is City telling us? They revised their 6 to 12 month
6:36
forecast for silver prices 6 to 12 months upward to $40 per oz
6:43
from $38 per oz. They are way underestimated
6:46
estimating, but hey, we'll, we'll be glad to point that out
6:49
to them here in the coming 6 to 12 months.
6:52
Won't we buy basement dwellers? And by the way, well, hold on
6:55
here. Despite weakening China retail
6:58
physical demand and rising US interest rates since the Fed cut
7:03
50 basis points and payrolls beat last month, they they say
7:07
we know that gold and silver have performed extremely well in
7:12
that environment that I just read.
7:14
OK, guys, supposedly some weakening demand from China.
7:18
US interest rates are doing well.
7:20
The dollar's up, The payroll numbers were good.
7:23
Gold and silver are doing well in the face of massive
7:27
adversity. I'm going to show you some
7:29
charts that are going to point that out.
7:31
But first, you have something very important to cover.
7:34
My basement dweller friends, the most important thing, and that
7:38
is thank you for choosing to join us here in the basement
7:42
today. We love to talk about silver,
7:44
gold, platinum, group metals. There's a lot of important
7:48
people here in this live stream, but we have one very special
7:51
guest and that is you. So thank you.
7:53
Please subscribe to the channel. We still have the free
7:56
subscription special going on. Don't forget to give this a
8:01
thumbs up that helps get the word out to more and more people
8:03
in super chat super thanks PayPal donations, anything like
8:06
that. They are never expected, but
8:09
always, always appreciated. All right, man, we got so OK,
8:13
let's go look at this. So much going on in the world of
8:17
gold and silver. This, my friends, is the dollar
8:21
index, the DXY. OK, one O 4.
8:26
This should be killing the price and that's what City said and
8:30
this has always been the case. We are in a different world.
8:34
Here's a one month chart of the dollar index.
8:37
We've gone from 100 all the way to one O 4.
8:41
That is a massive, massive move. And why is that so important,
8:46
right? Because that demonstrates that
8:49
gold is seeing the world, seeing the market and from a different
8:54
perspective than it had just a short year or two ago, a year
8:59
ago. I got news for you guys, right?
9:01
The reality is if we'd had this kind of move, look at my yellow
9:04
pointer, OK, from 100 all the way to one O 4, we would have
9:10
probably a 10% drop in the price of gold and gosh, probably 15 or
9:15
20% in the price of silver. That has not happened in
9:20
actually the reverse happened, which is a big, big deal and big
9:26
news for those of us that invest in the precious metals.
9:30
Now, the next thing that we can look at, I mean gold and silver,
9:33
look at me. Look at me for a second.
9:35
I'm going to tell you something right now.
9:37
Gold and silver are the warriors, the ultimate ninja
9:42
warriors, whatever you want to call them, right in the face of
9:45
a strong dollar. But it's not just that, because
9:48
we see this also demonstrated in the 10 year bond yield when the
9:52
when and think about it, the Fed cut interest rates, what, a
9:55
month ago? And they're going to they're
9:57
going to have another meeting here like the day after the
10:00
election. But the Fed cut interest rates a
10:02
month ago, right? That was good for gold and
10:05
silver supposedly. But since that time, this is
10:09
crazy. What is going on out there right
10:12
now? Since that time, this is the 10
10:14
year bond yield. Look in the upper left corner,
10:17
the CB, the Chicago Board of option or whatever that stands
10:21
for anyway, interest rate on a 10 year bond.
10:25
All right, that's three months. Here's one month.
10:28
Look at that interest rate has gone up and up and up.
10:31
That should be killing the gold price and the silver price, but
10:36
it's not in that is further, further demonstration to us that
10:42
gold and silver have indeed entered into a new paradigm, a
10:45
new world. They're throwing out the old
10:48
relation. They broke up.
10:51
Never been through a breakup. Yeah, we all have, right.
10:54
Gold and silver have broken up with the dollar.
10:57
Gold and silver have broken up their relationship with the 10
11:01
year bond yield. Not that it's not going to have
11:03
some impact, but not like before, kind of like, you know,
11:07
we're not going to date anymore. We're just going to be friends.
11:11
That just came to me. That's pretty darn good.
11:13
Anybody out there on YouTube can use it.
11:15
Just give me credit. Please look at this.
11:18
OK, This was about one month ago, the 10 year bond yield 3.6,
11:23
today 4.3. That is a massive, massive move
11:29
in bond yields and that happened.
11:31
Think about this. The rates went up, right?
11:35
In an environment where the Fed is trying to push rates down,
11:38
the Fed is lose. Is, is the Fed losing control of
11:41
the interest rates? It sure feels that way.
11:44
Is the market taking over, right?
11:47
Higher interest rates, higher gold.
11:49
You know, one thing for sure, the Fed, the Federal Reserve and
11:53
the government hate gold and silver.
11:55
They do not at all like what's going on.
11:58
Let's go see what what we got. We got the big battle, the
12:02
battle Royale right now for silver.
12:05
Let's focus in on silver, $32.50 support in the silver price.
12:11
That's the battle Royale, the main event.
12:13
It's going on right now. Thank you, Jasper, for the
12:18
believe that's Danish currency. Thank you.
12:20
Precious metals exchange in Saint Petersburg.
12:22
Yes, we're going to talk about Russia later because there's
12:25
more news coming out about Russia.
12:27
The biggest silver story in the history of the universe.
12:31
We're going to get to that. Thank you, Jasper.
12:33
We have a cat named Jasper. I can't help but think of that
12:35
when I see your name. Thank you.
12:38
Appreciate it now. Oh, yeah. 3250 battle Royale.
12:43
Big, big, big, big, big, big, big, big, big, big, big, big
12:47
news. That's the big story in the
12:51
silver market. So let's go out and see what
12:53
Jesse's saying. Jesse Colombo says here's what's
12:57
happening in silver. It experienced a successful
13:00
breakout last Friday, right? What was that, 12 day or no,
13:03
nine days ago, Which is still intact.
13:07
That's what's critical, guys. It's still intact because it's
13:11
above 3250 support. OK?
13:15
Jesse's like a rising star in the precious metal sector.
13:18
This guy's getting a lot of attention and he's got some very
13:21
insightful things to say. It's now consolidating and
13:25
forming a bull flag. So we're going to look at that
13:27
in one second. Consolidations, remember, I'm
13:30
going to highlight this. Listen, silver investors, this
13:33
is critical for us to remember what color you want.
13:36
Did I hear purple? Let's do purple.
13:39
What the heck? Consolidations.
13:42
That means the price kind of settling in for a little bit of
13:46
consolidation are normal after a 15% surge.
13:53
Let's look at the let's look at the ball flag.
13:55
What do you say, basement dwellers?
13:57
So again, well, you know we love our crayons here in the basement
14:02
for the umpteenth time, guys, what I see is an upside down, a
14:07
shoulder head shoulder. OK.
14:12
That's breaks out to the upward side which we had, OK.
14:16
Now what he's pointing out, right, we broke through that
14:20
impossible level. We can't talk about that enough,
14:23
is that this is now a bull flag. It looks like a flag, see that
14:28
like a straight up and then it consolidated within those two
14:31
lines. And what we eventually want to
14:33
see, and I think what we will see, is this on the way to see
14:40
if I can draw this for us because everybody's talking
14:44
about guess what, I'm drawing $50 silver.
14:55
Thank you Jesse man, the guy puts out some great work we
15:00
appreciate and he's got a a sub stack called the bubble bubble
15:03
something you can check that out.
15:04
So that's what's going on with the silver.
15:07
What about is the dollar? Thank you, Don.
15:09
Hey Tailene, tailene, tailene and you are beautiful Tailene.
15:13
We know that to be the fact. Think we got 700 basement
15:15
dwellers. Thank you, guys.
15:17
OK, thank you for choosing to be part of this community.
15:20
You belong. You're welcome here.
15:22
Subscribe and then you can leave comments.
15:24
You can make friends. Who doesn't want to be part of a
15:26
group? And we're a group that shares a
15:29
common joy, a common love. Silver and gold.
15:32
You want to see some silver? I love silver here.
15:35
You want to see and hear here? See silver, right?
15:39
These are three old silver dollars.
15:43
That's not Jingle Bells. That's not Rudolph and the
15:46
Reindeer coming landed. No, that's the sound of silver.
15:48
Now, gold is the dollar, trash is the dollar crashing.
15:58
Look at this. This came from Lawrence Leopard.
16:00
I believe he has an MBA from Harvard, a guy that I follow
16:04
very closely. And there's our $50 silver.
16:08
Can't forget about that. Here we go, Lawrence Leppard,
16:12
fix the money, fix the world. He says the dollar is, and we
16:16
don't use curse words. I'll let you read that.
16:19
Look at this chart of the dollar versus gold, guys.
16:23
And I was looking at this. I'm like, how are they measuring
16:26
this? This starts back in 1970, All
16:29
right, That's the year I was born.
16:31
What year were you born? If you want, put it in the
16:33
comments section. We all, you know, hey, doesn't
16:36
matter what year we were born and we're all together right now
16:38
sharing this time together, which is crazy to think about
16:41
cause any of you were remotely even as old as I was even in
16:46
1990 when I was 20 years old, If you'd have told me that we could
16:50
get together like this virtually, I would have thought
16:52
it was a science fiction movie, but it's not.
16:54
We're doing it nonetheless 1970 all the way through today.
16:59
This is the dollar versus gold. It's all about getting more
17:03
gold. OK.
17:04
And what does this I looked and I'm like, how does this chart
17:07
work? This is the gold price on the
17:10
right hand side, OK. But it's like it's it's it's
17:14
flipped, right? It starts at 100 and goes down
17:16
to the dollar back then was so strong you could get this is how
17:20
many dollars it takes to get an ounce of gold.
17:22
And as you can see, it has been crashing, right?
17:25
We know, we know that story that the dollar right versus gold
17:31
since 1971, since President Nixon took us off the gold
17:35
standard. Temporarily.
17:38
Temporarily. Yeah, really.
17:41
Temporarily. Maybe President Nixon was more
17:46
wise than we thought. He knew it wouldn't last
17:48
forever. Temporary, right?
17:50
Is it another four or five years?
17:52
Another one year? Another one month?
17:54
Who knows? The world is moving to our goal.
17:57
But we know that since Nixon took us off the gold standard,
18:02
the dollar has lost 9899% of its value against gold, right?
18:08
And I don't know what the number is with silver, I'm not going to
18:11
lie to you, but it's lost a lot of its value against silver as
18:14
well. Silver and gold are like kissing
18:16
cousins or whatever. You want to thank brothers and
18:20
sisters. I don't know.
18:22
All right, guys, the biggest news story ever, right, ever
18:27
possibly in the history of silver is what's going on with
18:31
Russia. We're going to talk, we're going
18:33
to fly through this, but it's like so many reasons why we put
18:37
this all together and it's big, big, big news for the silver
18:42
price. Before we do that, let's go out
18:44
and check on the gold and silver price.
18:47
We're going to go to channel sponsor pin backs and see look
18:50
at that gold. I was I looked this morning.
18:53
Honestly, I know I'm like I'm a guy that runs a gold and silver.
18:55
I'm like I knew gold was like 27.
18:58
I thought maybe 25. No, the Spot gold price is darn
19:02
near close to this 2750 dollars OK, silver 3376.
19:12
Thank you, thank you and thank you to Pembex guys.
19:15
Pembex their sponsorship makes this possible.
19:19
Our club, our get together, our live stream Pembex is an online
19:22
bullion dealer now for you. What that means is if you want
19:25
to buy gold, silver or platinum group metals and if by chance,
19:29
right, you want to get them from a company that you trust, right,
19:33
that has a great reputation. And if by chance you want a
19:37
great selection and if only by chance you want to get the ultra
19:43
competitive pricing advantage, which means for you, what that
19:48
means for you you is that you get more metal for your money,
19:53
right? I always joke around, but it's
19:55
true. I bought like I made six.
19:57
What to me? But to me, you're probably
19:59
richer than me, and that's OK. But what to me were big
20:02
purchases from PMBEX And every time I got a box in the mail
20:06
from PMBEX, if I compared right the price that I paid.
20:11
To the other big online bullion dealers, I was able to buy like
20:15
an ounce or two or three more of silver.
20:18
So I always knew that my box from Pembex weighed a little bit
20:21
more. I got more metal for my money.
20:23
Thank you, Pembex. You can check them out at Pi MB
20:26
EX. There it is right there in case
20:27
you forget, right? They check all the boxes.
20:30
pembex.com. Let's talk about Russia silver,
20:34
the biggest story of the year for silver, it affects gold as
20:42
well, no doubt about it. But really for silver is coming
20:47
out of these developments with Russia in the bricks.
20:49
OK, we had a one of our viewers, I do read all the comments and I
20:54
was reading through last night and then our friend James Real
20:58
said Russia's making their own, Comex, right?
21:01
Russia is making their own silver and gold exchange.
21:05
They're making their own Comex. I love it.
21:08
And this guy said, waiting for Ron to digest this and make a
21:11
video. Well, here you go, my friends.
21:12
And then this guy on the bottom, I can't see it 'cause there's a
21:15
thing in the way said here we go.
21:17
Texas is making their own Stock Exchange.
21:20
I don't know about that. If somebody knows something
21:21
about what's going on with Texas, let me know.
21:23
But here's what's going on with Russia.
21:26
Remember in the 80s, some of you are younger.
21:30
We got a lot of new people joining us.
21:31
But in the 80s, man, we were like, we were brainwashed to
21:36
like fear the Russians. Back then, it was the USSR.
21:40
You probably likely remember that.
21:41
But now, I guess we're supposed to fear them again.
21:46
But when it comes to precious metals, they are doing things,
21:49
they are making big moves that are going to impact the value,
21:53
the price of precious metals as we roll through, right, the
21:57
coming year, the coming two or three years, the coming decade,
22:01
right? It's no wonder we have people
22:03
talking about $200 silver. Let's roll through this right
22:07
now. And we're going to get started
22:10
with boom. Russia will create wrong one.
22:17
Here we go. Where was I?
22:18
Hold on here, here. Yeah.
22:20
OK. Russia will create a new bricks
22:24
precious metals exchange to become the key regulator of
22:28
price. That's from their finance
22:30
minister. All right, we've covered this a
22:33
couple days, this particular article, but it we really need
22:36
to hone in on what is going on here.
22:38
The creation of a mechanism for trading metals that would be
22:42
gold and silver within the BRICS countries will lead to the
22:45
formation of Fair and equitable competition based on exchange
22:51
principles. Right.
22:52
What they're saying, what Russia is saying, what China is saying
22:56
is we're tired of the Unicorn fart dust make believe paper
23:00
over leveraged nude. Is it nude?
23:05
No, it's naked. No, we'll call it nude, nude
23:07
shorting of silver and we're fed up and we're done with it and
23:13
we're going to base we're going to base the new monetary model
23:17
on the real price of gold and silver.
23:21
OK, OK. The finance minister added to
23:23
quote this will become a key regulator.
23:27
Remember that song regulator whatever of prices or precious
23:31
metals. Look at this guys, I can't help.
23:34
This is Kitco $150,000 gold. Andy Shekman, who's a friend of
23:39
us here in the basement, he's been on the show several times.
23:42
We love Andy. President and owner of Miles
23:44
Franklin told Kitco in a recent interview that the BRICS Summit
23:49
might hasten a global financial reset.
23:52
They could see gold revalued up to $150,000 an ounce.
24:00
Because really guys, if we really want to back, right, we
24:04
really want to back the monetary system, If we really want to
24:07
back the, the, the, the, the world, quote UN quote money, we
24:12
want it to be real. That's what we're talking about.
24:15
Gold being worth hundreds of thousands.
24:16
I know it's, it's crazy to think about, but that's the real, if
24:21
things really distilled down to their real value, remember
24:26
extras pyramid, right? If everything really distilled
24:30
down to what is truly the base of all money, silver, gold, we
24:33
would have $150,000 gold. That's the reality.
24:38
I know. Oh, my gosh.
24:40
Lynette Zhang, right? It's talked about like she did
24:43
the math on silver. We would have $2000 silver.
24:47
OK, It's it's crazy. It's all based on paper.
24:50
We're going to come back to Russia.
24:51
But you know what? We got to do our daily field
24:53
trip. I almost forgot.
24:55
I apologize. Guys, hold on here.
24:58
Let's go quickly. We're moving all over.
25:01
Oh, here. You know what?
25:02
I've already got it up. Make sure you guys are on the
25:06
right screen, which you are. OK.
25:09
Remember, right, That's that's that, that's nothing, $36
25:12
trillion. We're not going to spend time
25:14
there. We are just going to run over
25:16
quickly. Here we go.
25:18
The dollar to silver ratio, our daily update, we're now up to
25:21
$939 per oz, right? That's make believe paper money.
25:29
We'll update the the our list tomorrow for those of you who
25:32
are following on that's make believe paper money, the M2
25:35
money supply 900 and whatever it was 940 probably at this point
25:40
paper electronic, what make believe Unicorn fart dust Fiat
25:46
dollars being printed just dollars for each one ounce, $940
25:52
for each one ounce of silver that's being produced this year.
25:55
Think about it now that's not a direct relationship.
25:57
I'm not going to sit here and say silver should be $940.00 an
26:00
ounce. Now silver should be 2000 an
26:03
ounce. But none the less we're dealing
26:05
with reality here. If we were to distill all that
26:09
paper, all that debt down to its real value, we would have
26:13
unbelievably high silver and gold prices, right?
26:16
OK, let's move on here. All right, Here.
26:21
This this came from Reuters. Hey, thank you.
26:26
Marcus, €6. What about a mortgage?
26:29
When the US dollar fails, you buy off your house with a Yeah,
26:33
You know, Marcus, let me. Let me.
26:35
I'll address that later. Well, no, I'll address it right
26:37
now. Marcus had a question.
26:38
What about a mortgage? When the US dollar fails, you
26:41
buy off your house with a few oz.
26:44
This look I have always preached against no debt right?
26:47
I have zero debt. I hate that I have degree in
26:50
accounting. I studied money.
26:52
I work for a BIG4 accounting firm.
26:54
I know how the system works. My my my thoughts on a mortgage
26:58
at this point. If you have fixed rate mortgage
27:00
on a home right? Like a 3% in the US there's a
27:04
lot of people with 3015 year mortgages at 2 or 3% to 4%.
27:09
Whatever it is. If it's a fixed rate mortgage, I
27:12
would never in my life would have thought that I would have
27:15
said this. But now that I'm 54, I change,
27:17
OK, If it's a fixed interest rate, not adjustable, I almost
27:22
would say hold on to it because if the dollar crashes in value,
27:26
whatever that payment right now is, 2 or 3000 a month at 3%
27:31
interest could seem like peanuts.
27:34
That happened to my mom and dad. My mom and dad bought a house
27:37
that I grew up in, like in 19. This is a great story.
27:40
This is a great story. Hopefully I answered your
27:43
question there, my friend. My mom and dad and my mom's
27:46
probably watching because she's a basement dweller.
27:49
Hi, mom. Hi.
27:52
Not just mom, but you too. Yeah, you.
27:55
Hi, mom. But you.
27:56
Thank you for being here. This is a great story and this
28:00
shows you the value of silver and gold and how the dollar can
28:04
go down to value. My, my mom and dad bought the
28:06
house that I grew up in, I think when I was one year old, like
28:09
about 1971, right when Nixon took us off the gold standards.
28:13
The little house I grew up middle class in Florissant, MO,
28:17
right? Like a 1200 square foot, you
28:20
know, beautiful place to Anyway, I don't know what they paid for
28:23
it. I was like 15,000 or 10,000
28:26
something, you know, things were cheaper than right And their
28:29
house payment was like $115.00 a month or $125.00 a month.
28:34
It was a fixed rate mortgage that they took out in 1971.
28:38
I remember later like when I was in college, it was, I must have
28:42
been a 30 year mortgage was like in the 90s.
28:45
They were like, oh, our house payments only $100 a month,
28:48
right? That $100, which was a lot of
28:51
money in 19, 71 because partially because Nixon took us
28:56
off the gold standard, but also because of, of, of gross
28:59
devaluation of the dollar. Everything inflated, including
29:03
my dad's salary, right? So that that $100 a month house
29:07
payment 1971 twenty years later was like peanuts, peanuts.
29:13
And that's what you could run into right now if you have a
29:16
fixed rate mortgage. I am not giving financial
29:18
advice. We're supposed to be talking
29:20
about Russia and silver. So let's get back to that.
29:23
Because remember, guys, Russia, right?
29:26
We know that they're talking about building their own
29:29
exchange, OK? And Oh yeah, this is critical.
29:35
This is critical. What we're talking about is only
29:40
40 percent, 40% the BRICS countries, 37.
29:44
I lied. I like to round things up or
29:46
down depending on how it works to our advantage.
29:48
But 37% of the world's economy is focused in the BRICS country.
29:53
The other thing that I didn't know, OK, I didn't know is that
29:57
China and Russia, they actually have like the lion share of the
30:02
world's gold refining capacity. There's like, I think 7 refiners
30:08
that they said in the United States, a few in Europe, in
30:11
Russia and China have massive gold and I would imagine silver
30:15
refining capacity as well. Don't forget those reports.
30:19
What does this tell us? Stunning reports that we saw
30:23
about six months ago. This is a good reminder from
30:26
Chinese media, right? Chinese media, Chinese news
30:30
reports where they were interviewing silver refiners in
30:33
China who were complaining. They're like, we don't have, we
30:36
need more silver. We need more silver.
30:39
I'm going to tell you how that worked out here in a second.
30:42
In these Chinese refiners they were interviewing were making
30:45
fun of the United States saying the price of silver.
30:48
The on these exchanges, the COMEX and the LB, it's a big
30:51
joke. The price goes up.
30:53
The price goes down based on what the Federal Reserve says.
30:56
It's crazy. It doesn't make any sense.
30:58
So what did the Chinese do? Because you know, there's a
31:01
shortage of silver in the world. You know what the Chinese are
31:05
doing? They're going directly to
31:07
Mexico, directly into Mexico and getting silver or getting silver
31:12
concentrate I think is the term. It's not quite it's it's they
31:16
dig the ore out of the ground, they process it.
31:19
It's called concentrate. And then from concentrate it
31:21
gets refined into finished, I guess Doray bars or finished
31:25
product. Anyway, the Chinese are going
31:29
directly to the mining companies and Mexico and and get in buying
31:33
the concentrate. Think about it.
31:36
Think about why would they? And so that's that's never going
31:39
to the comex. Bye, bye COMEX.
31:41
Sorry, never going to the LBMA. And on top of that, we and I
31:46
wish I could pull it up, but I don't have it up.
31:48
But I'm just going to tell you another critical thing to
31:50
remember. China's building the biggest
31:54
port in South America in Peru. OK, Peru, you know, what about
31:59
Peru? I love people from Peru.
32:00
I want to visit Peru. But nonetheless, Peru is also
32:03
one of the world's biggest producers of do you know, do you
32:10
know silver? Think about it, OK, they're
32:14
going to be shipping silver concentrate, I guarantee from
32:18
Peru. All right, back to Russia, back
32:20
to Russia. All right, So we got the
32:21
exchange going on. The big new their own Comex, the
32:25
Romex. The Romex, it's like the
32:29
Shanghai Gold exchange that the Chinese put together, which is a
32:35
physical market. OK, Now Russia is going to start
32:39
the Romex. I think I just made two things
32:44
up during this for you guys. For us, that's what we're going
32:47
to call the Russian metals exchange, the Romex until they
32:51
until they tell us differently. All right, where was I?
32:54
Here we go. Oh, this is from Reuters.
32:56
Just to prove to you what's going on, Russia in talks with
33:00
bricks over precious metals exchange.
33:02
Oh, there was one thing in here that was critical. 37% Did we
33:07
see this already? Here we go the bricks.
33:12
The Romex Precious Metals exchange would rival Western
33:16
trading platforms such as the London Metals Exchange or the
33:21
LBMA over in London, England, and would and the and the COMEX
33:25
and would protect trade from sanctions imposed by Western
33:28
governments. OK, so that's that put that one
33:30
to sleep. But wait, there's more.
33:32
There's more because we also got this news about Russia.
33:37
We're putting it all together from numismatic moves Russia
33:40
Central bank to acquire silver reserves.
33:44
OK, so they put out this big news story, two big news
33:49
stories. They're going to start their own
33:50
exchange, the Romex or whatever they're going to call it.
33:57
At one point they said the Moscow world standard
34:00
nonetheless, So they're going to start their own exchange.
34:03
Oh, and oh, we got a little more news for you Western investors,
34:07
the Russians. Yeah, we're going to start
34:10
buying silver. Our government is going to start
34:13
buying silver. OK, here we go.
34:17
And last year, Russia was the world's eighth largest producer
34:21
of silver with 40 million oz OK. It is far less important to
34:26
Russia's economy than the value of its gold, platinum,
34:28
Palladium. In that sense, it might not make
34:30
sense for the central bank to acquire silver.
34:33
Well, but it they're doing it, OK, they are doing it.
34:37
Here we go. This is the green part.
34:39
It's what I want to read you for at least 20 years until
34:42
recently. This why is this Russian
34:45
government central bank buying silver a big deal?
34:48
Because they are the 1st right? For at least 20 years until
34:52
recently, the only precious metal that central banks held
34:55
was gold. Global central banks in total
34:58
have been strong That buyers of physical gold for the past
35:01
several years is one example. Poland, Poland central bank gold
35:06
now reserves now. Poland central bank gold
35:10
reserves now far exceed those held by Great Britain.
35:15
OK, that's still not it. OK, that's still not what I
35:18
really wanted to read. You guys somewhere buried and I
35:23
can't find it. Here we go.
35:25
Here we go. Now I found it.
35:27
This is critical for us to remember.
35:29
It's silver, investors. Russia starting the romex.
35:33
Russia buying gold. Gold, but silver, right?
35:37
Their central bank In decades past, the United States
35:40
government and the central banks of India and Mexico held silver
35:47
as part of their reserves. Thus, the concept of Russia's
35:50
central bank acquiring silver as a part of its reserve is not
35:54
new, but it could be spectacularly profitable for the
35:59
Russian government. Oh, what about you, huh?
36:02
I almost called you Buttercup. I won't do that.
36:04
What about you, basement dweller?
36:06
It could be spectacularly profitable for you as well
36:10
because they say if this happens, don't be surprised.
36:13
Surprise, surprise, Sergeant Carter, if the price of silver
36:16
jumps at least 50% within the next 24 months, who needs to
36:21
talk to? I think we need to talk to Gomer
36:23
Pyle. Hold on, let's get Gomer Pyle
36:25
out. We got to have a little fun, you
36:30
know, and somebody says I'm a clown.
36:32
Look, look, I worked for a BIG4 accounting firm.
36:35
I went to one of the top accounting universities in the
36:37
world. I studied economics in Eastern
36:40
Europe. Is the Berlin Wall was falling.
36:42
OK, I just like to have a little fun.
36:44
We could sit and talk. So first, you know about let's
36:47
have a little fun. Let's get going with pile out,
36:49
huh? There he is.
36:50
Why was I getting him out now? I forgot.
36:52
I'll remember his favorite thing to do is to print this toilet
36:56
paper money. And darn it, there was
37:01
something. Hold on.
37:01
Let's go back now. I lost my brain.
37:04
Somebody help me find my brain. OK.
37:07
Oh, yeah. Well, that's right.
37:09
That's be. Let's, let's surprise, surprise,
37:11
surprise. I joke around and call him Gomer
37:14
Pyle, but it's really Jerome Powell.
37:16
And he can be real surprised when the silver price goes up
37:20
50%. Right.
37:23
Put him back in his box. All he can do is print money.
37:27
All right, enough of that. Let's move on to the next one.
37:31
Oh, yeah. But we don't have to worry about
37:34
Russia because they're nothing. We don't have to remember.
37:38
Remember 10 years ago. Remember, I remember.
37:42
We don't have to worry about China.
37:44
All they do is make cheap plastic stuff that you buy at
37:47
the dollar store. How did that work out for us?
37:50
We don't have to worry about India.
37:52
They're just a poor country. How did that work out?
37:55
Right? China, India, Russia are moving
37:59
on up, baby. And this is what I want to talk
38:01
to you about very quickly. Let's go here.
38:06
Wrong one IMF from metals and miners sub state IMF upgrades
38:11
Russia to the fourth largest economy.
38:14
So now the world's 4th largest economy.
38:16
Let's quickly review, okay, is starting their own metals
38:20
exchange, which we're going to call the Romex, the Russian
38:22
metals exchange. They are, they are also buying
38:27
silver at their central bank. And this is the world's fourth
38:30
largest economy. Let's go down here.
38:32
The IMF is ranked. Russia is the world's fourth
38:35
largest economy based on purchasing power parity, PPP.
38:39
That's the IMF, OK. According to the report, Russia
38:43
ranks 4th in terms of PPP after China.
38:46
OK, the United States, who's in 2nd place and I3 out of the four
38:54
world's largest economies based on PPP, which is how the IMF
38:58
likes to measure the size of the world's economies, are BRICS
39:01
countries. Think about that.
39:02
Think about gold and silver, Think about China.
39:05
See my pointy there? Hold on, see my pointy.
39:11
Think about, think about everything we've learned about
39:14
China and silver demand and gold demand.
39:16
Think about everything we know about India, right on track to
39:20
maybe import upwards of 270, two, 180 million ounces of
39:25
silver this year, 3035, maybe 40% of the world's silver
39:29
output. That's India alone.
39:31
You know what? China and now Russia, right?
39:34
What we've been talking about. This is huge, guys.
39:36
This is huge, huge news. The world of silver and gold are
39:43
changing, right? The world monetary order, the
39:46
world financial order is changing right before our very
39:50
eyes. You aren't going to get told
39:52
this on CNN, the children's news network.
39:56
We're not going to be told this even on Fox.
39:58
We're not going to be told this on MSNBC.
40:01
We know that for sure, OK, right.
40:03
This is happening and it's happening right now, and it's
40:06
going to result in, right? We've looked at all the reasons,
40:09
but what the result is going to be is you.
40:12
Right, Somebody who's decided to protect yourself and your family
40:15
with precious metals, you being, I believe, very happy that you
40:19
did that. Look, I don't have a crystal
40:21
ball. Don't make any financial
40:23
decisions based on anything I'm saying.
40:25
I'm telling you what I believe, what I see, right?
40:28
Listen to me, listen to other people, listen to yourself, OK?
40:33
And share with us. That's the other big thing.
40:35
That's how we can learn. Send me an e-mail, put a put a
40:39
comment. OK, guys, that's that's the way
40:42
we learn, right? I don't ever very rarely do
40:45
original thoughts pop into this head, right?
40:47
We all kind of see things the way we see it.
40:49
You can knock on this, right? Say, hey, Ron, did you think
40:53
about this right. And that's how we learn is from
40:56
each other. OK, one last thing.
40:58
Oh yeah, they're also going to start their own currency, the
41:00
bricks. We know that some people said
41:02
this would be a 40% backed by gold.
41:07
We didn't. That was speculation.
41:08
We didn't get that official news.
41:10
Bricks plan, a multi currency system to challenge the US
41:13
dollar dominance, understanding Russia's proposal.
41:17
So Russia's proposing this new thing.
41:19
There's a thing called bricks pay.
41:21
There's pictures of it out there.
41:23
This bill, this mock up bill they had, it's happening, OK, it
41:28
is happening. Let's just read the red here.
41:29
The bricks cross-border payment initiative will use national
41:33
currencies instead of the US dollar.
41:35
Remember that there's something very, very interesting and we
41:38
need to comment on on that. Russia's finance ministry and
41:42
central bank released a report detailing plans to transform the
41:46
International Monetary and financial system.
41:49
Now, what's so important about that?
41:53
Because this was like I said, whoop, there we are, we're back.
41:57
This was not an original thought that I had or anyone else had.
42:00
But but but think about this, they are de dollarizing.
42:04
We know that dollars, but there will be less demand for dollars.
42:08
When there's less demand for anything.
42:10
What happens? The price, the value goes down.
42:12
The real value, real simple, less demand for dollars or the
42:16
trend is in that direction. The value of dollars will go
42:20
down, inflation will go up. Not to mention we got all this
42:23
debt, but on top of that, gold and silver will go up.
42:27
OK, but the key, this almost forgot the key for us to
42:32
remember here. They don't want dollars.
42:36
They're not going to want each other's currencies either.
42:38
I've heard it said many times, right?
42:39
Like you think they don't trust the dollar?
42:41
Well, they trust each other even less.
42:43
What are they going to? What do you think they're going
42:46
to default to gold, right? And what's right behind gold?
42:53
What's right there standing ready, right?
42:56
The backup man. Silver.
42:59
Why is Russia buying a bunch of silver?
43:02
Why are they starting their own metals exchange?
43:05
Put it all together, right? It makes sense to me.
43:07
But you know, All right, now, here's one more quick thing
43:10
about Russia. I didn't realize this.
43:12
Let's go back out to the US debt clock.
43:15
And no, that's not the US debt clock.
43:18
That's the US debt clock. This is fascinating to think
43:22
about. OK, We got state debt clocks.
43:25
We have world debt clocks. Here's the United States, right,
43:29
30 was this round up $36 trillion in debt.
43:33
Look, look at our ratios, public debt to GDP, external debt.
43:37
All right, almost 90%, let's go down.
43:40
And China's not too far behind us, although their external debt
43:43
is lower. But let's go to Russia.
43:45
This I was fascinated by Russia, their total national debt 434
43:52
billion compared to our 36 trillion.
43:55
Look at their ratios, right? This is a country, despite the
44:00
fact that President Joe Biden said they were going to make the
44:03
ruble rubble, that is in pretty good financial shape.
44:07
This #434 billion is like their debt is like 1.4% or 1.3% of
44:16
what our debt is. OK, now granted, their GDP at 2
44:21
trillion is significantly lower than ours, but nonetheless,
44:27
Russia is a country has 1% of the debt that the United States
44:32
has. And here we go.
44:35
I want one, one final thing on Russia and what's going on with
44:39
Russia. Think about this.
44:41
They just had this massive BRIC summit wrapped up last week.
44:46
Think about what's going on in the world they got.
44:47
It's not really, it's you know what, it's not really happening.
44:50
The world's not really bifurcating. the United States
44:53
still rules the world. Russia is nothing.
44:56
We don't have to worry about Russia.
44:58
I want you to think about this. I want you to think about this.
45:01
They just hosted this meeting in Russia, and you had major world,
45:06
the president of Iran, the president Xinjiang PGP of China,
45:12
right? The president of India, they all
45:14
travelled to Russia to meet with Vladimir Putin.
45:20
This is happening, right? If they weren't serious about
45:24
this, they would not have travelled to Russia, right?
45:28
Who's supposed to be there? They're supposed to arrest him,
45:31
right? This is really, really
45:33
happening, OK. And they all want to eliminate
45:36
the dollar. They all want to that maybe
45:39
that's strong. They all want to de dollarize.
45:42
We know that's the case. OK.
45:44
And this is all happening. Take a deep breath because this
45:48
is scary. All of this is unfolding, right?
45:53
The world bifurcating, the world moving closer to Russia.
45:57
All of this is unfolding right in an environment where we need
46:02
the United States, right? Let's go pop out here.
46:05
All this is unfolding when this is going on right here.
46:11
See my circle. 36 trillion in debt, we need those countries to
46:18
need dollars more than ever in the exact opposite is going on.
46:22
They're saying no thank you. I don't want to be a doom and
46:24
gloomer. I just want to report the facts
46:27
and the facts are that we are in a very, very, very scary
46:32
situation from that perspective, OK, here, look at this.
46:38
Look at this and this shows us in no uncertain terms.
46:44
This is from I love this guy, the Kobe C letter, right,
46:47
breaking central banks. Why are central banks right?
46:50
Think of in the context of what we just talked about.
46:52
Here's a great example why central banks now hold over 12%
46:57
of global gold reserves, 12% the highest level since when the
47:03
1990s it skyrocketed China, India, Turkey, Poland.
47:07
That's where our friend bald guy's from right where he where
47:10
he's where he's his crib is right now had been the largest
47:14
contributors and we love bald guy.
47:16
He's one of the smartest guys on the Internet, no doubt, and he's
47:19
growing on Twitter as well. At our X I've seen too.
47:23
Anyway, had been largest contributors.
47:25
Gold now accounts for 5.4% of China's foreign exchange
47:29
reserves. Wow.
47:30
OK, meanwhile, blah blah blah, we know all this stuff.
47:33
But let's look at this. This is a chart from 2000.
47:36
This is 10 years. All right, International gold
47:40
reserves as percentage of total international reserves.
47:44
Look at this guys. I don't really.
47:47
I don't need to get the crayons out, but I will because it's
47:50
fun. I've always liked to draw.
47:52
I'm going to do this freehand for you, as you can see, right
47:58
up and up and up, right, the amount of gold held by central
48:03
banks. Does this explain to us why Bank
48:07
of America recently reported something very interesting about
48:12
gold? The gold is now the second.
48:16
The second favored world reserve asset it overtook, I think it
48:20
was the euro behind the US dollar.
48:23
Setting up this cage match that we have going on right now,
48:27
right. The final countdown, the big
48:32
fight between this oh, here I am.
48:36
You got, I know you missed him. That's our friend, the paper
48:39
dollar and this let's use this today.
48:43
Let's use this from our friend coin shop Chris, this coin shop
48:47
Chris, right. The big final cage match between
48:50
precious metals and the US dollar.
48:53
Let's quickly review. OK, this guy has been in the
48:58
same match hundreds of times for thousands of years and won every
49:03
single fight every single time. This guy's been around for what,
49:07
100 years? Whatever.
49:10
He's never really been in this fight and we know has lost 99%
49:15
of its value against gold in particular since the 1970s.
49:19
Who are you going to bet on? Who are you going to bet on?
49:25
Who are you going to bet on? I'm going to bet on the paper
49:28
dollar. I want to stack these things up.
49:30
You know what? I'm going to be a dollar
49:32
stacker. Yeah, right.
49:34
Sure, sure thing. But I won't even pull out the.
49:36
Yeah, I will. What the heck?
49:38
Here. That's the old dollar.
49:43
Where is it? There it is.
49:45
Silver certificate. Those were the good old days.
49:48
That's from 1935. That it's not the case today.
49:52
Today it doesn't say silver. It doesn't say that you can
49:55
convert it into silver. It's a heartbreaking it
49:59
actually, it tears my heart. I mean, you know what?
50:01
How different the world could be right now, had they?
50:03
Anyway, I, I digress. We got a few more, but we got a
50:06
lot more to talk about. Don't forget, if you're looking
50:08
for a gift for a loved one who's a stacker, consider The Dirty
50:13
man safe. OK, You bury this thing.
50:16
You could there actually. And there's a giveaway.
50:18
I'm going to give one away on December 30th.
50:21
There's a link to that with directions.
50:22
Don't go there now, go later. But these are actually very,
50:26
very cool. I was excited to be getting it,
50:30
but when it showed up, I was, I was, it exceeded my
50:34
expectations. So you got the bottom here.
50:36
It seems like a little tank. This is The Dirty girl, by the
50:39
way, the smallest 1, you open it up and there's a sleeve you bury
50:44
and you put something in there. Right now we got a Unicorn in
50:47
ours, but I think I know what you would put in there, maybe
50:52
some silver or gold and then you bury it.
50:54
But I was thinking what a great gift idea.
50:57
You know, that person that you know, that's hard to think of
50:59
something to get for, for the for Christmas or whatever you
51:02
celebrate, get him a dirty girl. You know, a dirty girl safe,
51:06
dirty girl safe. All right, where were we?
51:12
OK. Oh, yeah.
51:14
Oh, this is interesting. Lobo Tigray, You guys know who
51:18
he is. I last week, I think bald guy
51:21
who we talked about earlier had this guy on his channel.
51:25
Lobo Tigray and a great interview.
51:27
I'd highly recommend you check it out after you watch, after
51:31
you watch this. But Lobo Tigray, he said
51:35
something that I hadn't thought of that just critical.
51:39
OK, He says, interesting to see pro gold coverage.
51:43
And The Economist, that's this magazine right here, The
51:46
Economist, which of course I read.
51:49
It's fascinating reading. Now that's not the interesting
51:52
part. He says, no, I'm not selling all
51:56
of my gold cuz that's what some people say, like when Fortune
51:58
magazine has gold on the cover, time to sell, right?
52:01
Anyway, he says. But yes, this is what I thought
52:05
was interesting. You know, the stealth phase of
52:08
the bull run is well behind us, OK, In my opinion, we are still
52:14
in the wall of worry phase. So guys, that's what's I think
52:17
so interesting that he points out, I hadn't thought about it,
52:21
but the stealth phase is kind of behind us, right?
52:24
Like we were part of the the stealthy, you know, a year ago,
52:28
two years ago in the gold and silver.
52:30
We knew what was going on. We were sharing information with
52:33
each other. Now it's no longer stealth,
52:36
right? People are starting to wake up
52:38
like, oh, gold and silver go. And so that cover of Economist
52:42
shows us that it's a big deal when these mainstream magazine
52:46
start to have coverage Here is from the Economist website,
52:51
right. The blistering rally in gold
52:54
augers I'll for the power of the dollar.
52:59
Let that sink in. That's from the Economist, like
53:03
a big pro Western magazine. Central banks are shifting away
53:08
from the greenback. This is what the the
53:12
sophisticated sheeple are getting the sophisticated
53:17
sheeple. So later on today, everyone,
53:19
because I know that you typically spend your Sunday, I
53:22
know what you do on Sunday afternoons.
53:24
You're like me, you go to the Country Club and when you're at
53:26
the club, you can say something along the lines of this.
53:30
You know, the Economist magazine had a cover article about the
53:34
blistering rally in gold and how it augers I'll for the power of
53:38
the dollar since I'm too cheap to buy a online subscription.
53:41
It This is great. This is great.
53:43
Are you I got a question for you.
53:46
What's the word? I'm going to ask you a question.
53:51
Are you an eccentric doom monger?
53:53
Do you view me as an eccentric doom monger?
53:56
I think we're realist right there.
53:58
One of the guys I interviewed a year back said I don't get paid
54:02
to be negatives. I get paid to assess risk and it
54:05
feels like we're in a very risky situation.
54:07
But back to the economist, you eccentric doom monger you Not
54:12
long ago, gold seemed to have lost its luster.
54:16
In the decades after President Richard Nixon abandoned the gold
54:20
standard in 1971, the yellow metal fell out of favor with
54:25
central banks, which hoarded their reserves in dollars
54:29
instead. Yeah, they said, you know, I
54:32
don't want to stack gold. I'm going to stack paper.
54:34
That seems like a good idea. In the 1980s and 1990s,
54:38
investors and households grew weary of its miserly returns.
54:43
Miserable miserly returns, Gold bugs that would be US guys or
54:48
silver stackers, whatever, were dismissed as eccentric doom
54:53
mongers. Gold was alluring then, forged
54:57
into a shiny bauble and and useful and specialist
55:01
manufacturing. But it was hardly a serious
55:04
financial asset. You know, I don't, I don't like
55:08
that economist. That was not a very nice thing
55:10
to say on many different levels. Why don't you talk to the
55:14
Russians? Why don't you talk to the
55:16
Chinese? Why don't you talk to the
55:17
Indians? Why don't you talk to the
55:18
Brazilians? Why don't you talk to any of
55:21
these other people in the world and see how they think about
55:24
whatever you called it, a bauble, Whatever a bauble is, I
55:27
don't know. Anyway, OK, one last.
55:30
This is big and before we go there, I will say thank you.
55:34
Thank you to channel sponsor First mining gold guys, they're
55:38
a Canadian gold development company.
55:40
If you are interested in a company that has gold in the
55:44
ground in Canada, gold in the ground, their development stage
55:47
company, they're working on getting permits.
55:49
OK, they're not mining yet, but they've got 2 multi million
55:52
ounce projects in Canada. They've already been drilled,
55:55
all that good stuff. If you want gold in the ground
55:58
in Canada, you might want to research.
56:00
I'm not giving financial advice for first Mining gold.
56:03
You can always reach out to Paul Morris, their director of
56:05
investor relationships. I got a link to his e-mail
56:08
address in the description of this video.
56:11
And Fortuna Mining is an active mining company.
56:14
They're mining silver and gold in Latin America, and they're
56:18
mining gold in West, West West Africa.
56:22
You can learn more about them at Fortuna mining.com.
56:27
What do you say we talk about $67 silver?
56:31
OK, here we go. Here we go.
56:37
My good friend, well, I don't even know him, but I love what
56:40
he talks about. Rashad Hajevev says this is what
56:44
I expect from from gold to silver ratio over the next three
56:49
to nine months. Initial target 60 area and then
56:53
sub 40 in purple. Breakdown of this ratio will
56:57
ignite a bull run in silver, ignite a bull run in silver.
57:03
So let's look at his chart here guys this goes back to 2011.
57:08
This is a chart of the gold to silver ratio measuring how many
57:12
ounces of silver it takes for you, yes, you to get one ounce
57:18
of gold. As you can see right now, we're
57:21
right above 80. It takes, yes, 4 tubes of
57:24
American Silver Eagles, right? 80 American Silver Eagle coins
57:28
to get one ounce of gold, which I think is ridiculous.
57:31
I wouldn't take that trade in a million years.
57:33
But you know, I could be wrong, right?
57:35
Maybe that's a good smart thing to do right now.
57:37
But to me it just that defies, does it?
57:39
How do you feel about it? To me, it defies common sense to
57:42
think, Oh yeah, I'm going to convert 80 American Silver
57:46
Eagles for one ounce of gold. None the less, what he sees is
57:51
that breaking down. And when that goes down to let's
57:54
say 40, OK, if we were at a 40 to one gold to silver ratio
58:00
right now, we would have $6768 silver right now.
58:06
OK, this is a a descending wedge pattern historically though
58:13
historically if you look at a long term history of the gold to
58:17
silver, I mean there's you know, if you go back really far in
58:20
history, it's like 8 to 1/5 to 1/3 to 112 to one, whatever.
58:24
If you look at recent history, it's easy to see that ratio
58:28
getting to 60 to one from where we are now, and it is 60 to one
58:32
gold to silver ratio. If it only took you 3 tubes of
58:36
American Silver Eagles to get one ounce of gold right, that
58:39
would be a 60 to one would be a $45 per oz silver price.
58:45
Thank you guys for being here, right, all of you.
58:47
It's a big deal when you join me here in the basement.
58:51
It's going to be a crazy couple weeks ahead.
58:53
We've got a big presidential election.
58:55
You know, all the other stuff going on in the world.
58:58
I don't foresee massive moves. And you know, I'm often wrong,
59:02
so bear that in mind. But I don't see massive moves in
59:05
the gold or silver price. Big, big moves heading into the
59:09
election. I do think that after the
59:11
election, it's going to be, and I get to say it once.
59:14
I know you guys are mad at me for calling you Buttercup.
59:17
But time to buckle up, Buttercup after the election because I
59:21
think things are going to get crazy.
59:22
And I don't really know. It almost feels 5050 how things
59:27
could move. We'll see how it goes.
59:28
We'll be here together to get through it all.
59:30
OK. Thank you for being here today
59:32
and I'll see you soon. Thank you.
59:34
Thank you to Jake's from Jake's. Jake from Jake's Custom Parts,
59:37
Big 10, the Silvershire and the one and only Annie Oakley.
59:40
Silver Susie. And for all of you, yes, you for
59:44
joining me today. I'll see you soon.