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⚡ALERT⚡ NBC News Reports on SILVER Price and Gold - Costco Craze · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:10
  Did you hear the latest news on gold and silver from Costco?
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  I guess they put out their earnings last week.
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  Let's go out there and what would it mean?
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  Let me ask you this, if the mainstream media really starts
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  to pick up on the gold story and the silver story, OK?
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  Because guys, remember, what does it mean to you when you
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  realize that this massive rally that we've had in the silver
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  market and the gold market over the last three to four months,
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  this massive big rally was done in the headwinds, right?
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  In, in the worst environment from a Western perspective, high
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  interest rates, right? A strong dollar and almost no
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  interest in precious metals in the Western countries.
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  ETF outflows, GLD, maybe that's why they're letting them buy the
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  GLD and the SLV money coming out of the ETFs, gold and silver.
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  Stop. Think about this.
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  Is it? Does this does this computing
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  for you? Gold ran up to 2400, right Now
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  it's, well, you know, 2300 dollar, 2340, whatever it is per
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  oz. Silver's hugging $30 per oz.
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  It did that in the most difficult environment possible
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  for from a Western perspective, the richest country in the
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  world, the United States of America.
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  What does that mean? If things turn around a little
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  bit, what does it mean, right, if people start putting money
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  into SLV, putting money into GLV.
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  If the American public that's already been slapped across,
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  you've been slapped across the face with inflation, gets hit
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  with another wave of inflation and they get slapped the second
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  time. They're like, you know what?
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  You slapped me once. You aren't going to slap me that
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  bad again. I'm going to go buy some silver
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  or gold. What if the mainstream media
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  starts to pick up? What's the biggest when when you
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  think mainstream media in the United States?
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  You're probably around my age. I'm 54 years old, right?
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  We're young at heart, basement dwellers.
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  And by the way, I'm going to thank you again for being here.
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  And by the way, let's put up our banner to say thank you to our
• 2:25
  sponsors and thank you to all you that have sent me ounces of
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  silver over the last couple years.
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  I was thinking about that last night.
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  How nice. Nonetheless, we're brothers.
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  We're all around the same age ish, right?
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  What's mainstream media to you? To me, there's nothing more
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  mainstream than the NBC News. And what is their big story?
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  And it's not just NBC News, it's all over again the mainstream
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  media. Costco, right?
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  Costco that is America, even though honestly I've never been
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  inside of a Costco been in a Sam's Club and an ALDI, but
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  nonetheless it is America. I'm a rebel.
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  Are you a rebel? Have you ever been in a Costco
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  anyway says gold buyers are helping drive up its online
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  sales. OK that's great that's awesome.
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  We love that. But this is what we want to pay
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  attention to NBC News AOL and there's some stuff in here that
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  is going to make your skin curl crawl crawl, crawl.
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  Anyway, the about about the mainstream financials of this is
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  and it's a great little nugget for a silver and gold investors.
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  The retailers e-commerce sales jumped 20% OK with growth quote
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  led by gold and silver bullions. They listed that first notice
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  that gift cards and appliances continuing a round of strong
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  demand for its precious metal products.
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  Hold on. I'm going to get a drink of
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  coffee and then you're going to you're you're going to get a
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  nugget and your skin's going to crawl.
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  OK, Think about this. e-commerce sales jumped by 20% and they're
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  listing gold and silver, and they're also saying it's because
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  of gift cards and appliances. Do you really think gift card
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  sales suddenly spiked out of the blue?
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  Why would that happen? OK, so it's not really gift
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  cards, in my opinion. Appliances.
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  Really. People are suddenly buying
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  appliances? Was there any catalyzing event
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  that would have caused people to buy 20% more appliances?
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  No, it's because of gold and silver.
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  It's because the people that shop at Costco.
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  Maybe that's why I don't go there.
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  I think are pretty smart. Like my neighbors that go there
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  are usually like smart, educated people.
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  Costco made only a single terse mention of this is NBC.
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  This is mainstream precious metals in its latest earnings
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  call, but reinforced that analysts were on to something
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  when they flagged strong demand for the retailers gold bars and
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  silver coins this spring. OK, that's the the chief
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  financial officer I already kind of read that to you.
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  Remember Wells Fargo researchers estimated in early April that
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  members only retailer had been pulling in between 100 million
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  and 200 million in monthly revenue from the products.
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  This is silver and gold after rolling them out last summer.
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  OK, by December, Costco said it was already selling over 100
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  million in gold bars within the space of 1/4 and sometimes
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  running out in just hours. These are probably new stackers,
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  new people coming into precious metals.
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  Eventually they'll wise up and they'll start buying more and
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  more, right? And they'll go to places like
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  Pembek's, right? They'll go to the big online
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  bullion dealers. Excuse me when they realize that
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  they want to work with specialists when they're buying.
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  Now, let's talk about, let's say here, here's this.
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  I want to point this out. NBC News says the gold rush is
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  the latest sign that some consumers remain hot on
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  perceived safe investments. Now, this is the this is where
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  your skin crawls. This is where your skin crawls.
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  And there's a little bit of a nugget in here, OK, Lee Baker,
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  they got, they're talking to this guy named Lee Baker.
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  Lee's the founder of the planning firm Apex Financial
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  Services and president of the AARP of Georgia.
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  All right, listen to what he says here.
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  Couple things he mentions. He says, I haven't had a single
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  client ask me about buying gold. Baker conceded.
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  Now, this is what gets me. This is what keeps the skin
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  crawling, OK? And there's two things that we
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  need to consider when we're when we're thinking about this.
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  Unlike other assets, they say this all the time about precious
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  metals don't produce any cash flow through yields or interest.
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  No, they just go up in value and protect you against inflation.
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  No, number one, right, OK. Number one, they don't produce
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  cash flow, of course, right, or a yield or anything else.
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  But they also, Lee, don't have any counterparty risk if you
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  hold that gold, if you hold that silver, which all these Costco
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  people are starting to realize, you don't have to rely on
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  anybody else or anything to provide you with the value,
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  right? There's no promise, There's no
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  contract. If you hold it in your hand, you
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  own it. So number one, I get sick of
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  hearing these people say this. Oh, it doesn't produce any cash
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  flow. It doesn't, whatever.
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  The other thing I'll say to Lee is this, the other thing that
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  gold and silver don't do, and you got to realize this, this
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  mainstream financial services industry is powerful, right?
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  And they'll always say stuff like this.
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  But what do you think it means if you consider the fact that
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  the other thing that gold and silver don't do or provide
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  people that are in the financial services industry with any type
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  of recurring Commission, excuse me?
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  Because when they put you into a mutual fund or they put you
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  into, into any other number of, of, of, of quote UN quote
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  investments, they make a recurring Commission year after
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  year after year on the money you have.
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  And, and many, many times in those investments, gold and they
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  don't, one of the reasons they don't like gold and silver,
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  right? And they will, they'll probably
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  come up with some tricky way to trick the public.
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  They won't trick you. You won't fall for it 'cause
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  I'll point it out to you when it happens, but there's no real
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  investment option available for the financial services industry
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  that allows them to milk the general public.
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  OK, so they're always going to say, oh, gold and silver, you
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  need to put your money into into the stock market.
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  You need to put your money into, excuse me, into a bond fund or
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  something where I can make a recurring Commission off you.
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  So very interesting, very exciting though the also
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  regarding this is the fact that the mainstream media, NBC
• 9:09
  starting to pick up for us on the gold and silver movement.