Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / FRIGHTENING! 🚨 Gold and Silver PRICE doing THIS... (economy, investing and stock market)

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FRIGHTENING! 🚨 Gold and Silver PRICE doing THIS... (economy, investing and stock market) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Well, today was the big day and did we get a case of whiplash?
• 0:06
  Gold and silver investors, a surprise to a lot of people,
• 0:11
  half percentage point increase in the federal funds rate,
• 0:16
  monetary, whatever they want to call it, interest rates.
• 0:20
  We, we were surprised. Gold went up, silver went up,
• 0:23
  they went down. We got whiplash.
• 0:25
  Are we appropriately frightened right now or is this just a
• 0:31
  little bump in the road? Now we talked about this guys
• 0:35
  that this could happen today, that we could get a sell the
• 0:38
  news type event. And I'm here to tell you one
• 0:42
  thing for absolute shore, the long term outlook for precious
• 0:47
  metals hasn't changed one bit. So don't be frightened, don't be
• 0:52
  dismayed by what happened. And, and, and basically, guys,
• 0:56
  we're going to be OK. All right.
• 0:58
  But as you know, the big fed news came out today.
• 1:01
  It was a surprise, but now the drama is behind us.
• 1:06
  OK, what's next? What do we have to sit next?
• 1:09
  Well, let's let's think about this because we've talked about
• 1:12
  this many, many times. Silver and gold are the smartest
• 1:17
  markets in the world. They're the oldest markets in
• 1:20
  the world. They're the wisest.
• 1:22
  They see out into the future more than anything else.
• 1:26
  OK, They knew that the 50 or 50 half a percentage point rate cut
• 1:32
  was coming, right? So it was kind of a sell the
• 1:35
  news event. The critical thing to remember,
• 1:38
  right? And the reason why we want to
• 1:40
  remember this is because this will impact what we see in the
• 1:44
  gold and silver, the precious metals prizes in just the coming
• 1:48
  few weeks is the fact that now when gold and silver continue to
• 1:53
  look further out into the future, they're going to see
• 1:56
  nothing but trouble. They're seeing nothing but more
• 1:59
  debt, more deficits, more geopolitical turmoil, more of
• 2:04
  the world not getting along with each other, right?
• 2:08
  More of things like the big bricks meeting that's coming up
• 2:12
  in what, a little over 5 weeks from now, right?
• 2:16
  That could possibly, like everybody made such a big deal.
• 2:19
  Did you notice that? the Fed is nothing?
• 2:21
  the Fed? the Fed has lost their luster,
• 2:24
  right? We've talked about that. the Fed
• 2:26
  has lost a lot of their power, right?
• 2:28
  Sure. Everybody made a big deal about
• 2:31
  it, you know, and it is a big deal, but it is kind of like the
• 2:35
  Super Bowl today, right? Like, you know, the big day
• 2:38
  happened and after the Super Bowl happens, it really doesn't
• 2:41
  have much impact any further. And that's kind of where we are
• 2:44
  right now. What could be even more
• 2:49
  important? What should we be paying more
• 2:51
  attention to that is on the near term horizon And that is the big
• 2:56
  bricks meeting because that's going to impact the world
• 3:00
  monetary order and everybody's talking about it.
• 3:03
  As you can see, I'm out of the basement for for today.
• 3:06
  So please, please accept me as I'm trying to read from
• 3:10
  different notes. I have a obviously a completely
• 3:12
  different set up. But I do want to say no matter
• 3:15
  where I am and no matter where you are, thank you for being
• 3:18
  here today. Thank you for joining me.
• 3:20
  I know it was a big day. I know for some of us it may
• 3:24
  have felt like, but a bit of a heartbreaking day.
• 3:26
  Like whoa, we got this big half percentage point cut.
• 3:30
  Whoa, the gold and silver price were flying higher and then it
• 3:33
  was like they pulled the rug, but they didn't really pull the
• 3:37
  rug right. Those of us that have been
• 3:40
  talking about this US basement dwellers for a number of weeks,
• 3:43
  we knew that there was a big possibility of they sell the
• 3:47
  news again. I'll say it one more time
• 3:49
  because I think it's a key take away for us to remember now is
• 3:54
  gold and silver continue to look further out into the future.
• 3:58
  They're going to see a lot more trouble on the horizon and we're
• 4:00
  going to continue to see the Fed can't fight inflation.
• 4:05
  What the Fed did today, think about it, they lit the fuse for
• 4:11
  inflation. You know, like, I used to love
• 4:13
  fireworks when I was a kid, You know, they had those big green
• 4:16
  Wicks and you'd bite it and you'd have about, you know, 10
• 4:19
  seconds to run away. the Fed lit the fuse on inflation today.
• 4:25
  Six months from now, three months from now, we're going to
• 4:28
  have another major wave of inflation, OK.
• 4:32
  And at this point, there won't be anything they can do because
• 4:36
  we are going to be in a stagflationary environment.
• 4:40
  Why is that important? Because during stagflation,
• 4:43
  right, the price of silver and gold go through the roof.
• 4:46
  Who else do we know that's talking about stagflation?
• 4:50
  Oh, people like Jeffrey Gunlock, the founder of what is a Double
• 4:54
  Line Capital billionaire, That guy from JP Morgan Chase, Jamie
• 5:01
  Dimon. Jamie Dimon's talking about
• 5:04
  stagflation. Guys, we're fine.
• 5:09
  I know. You know, I know that days like
• 5:12
  today can be a little hard for precious metals.
• 5:15
  I mean, it was such a big surprise, but we're going to be
• 5:19
  a OK, You trust me? OK, Let's see here.
• 5:25
  It's just a charade. The bottom line is the system is
• 5:28
  broken. Think about this.
• 5:30
  I want you to think about this for a second as evidence that
• 5:34
  the system, the dollar is broken, right?
• 5:39
  I heard Judy Shelton say the other day that the golden Fort
• 5:42
  Knox, that's the family jewels. And guess what, Buttercup?
• 5:46
  We're having a family emergency right now, OK?
• 5:51
  And on top of that, we have to remember.
• 5:54
  We have to remember, OK, that if we just look back, look back
• 5:59
  five years, look back 10 years, look back for some of us 50
• 6:04
  years, the dollar has proven that it will lose value.
• 6:08
  Hey, Jake from Jake's Custom Parts.
• 6:09
  Good to see you, my friend. Hello, Annie Oakley, and I'm big
• 6:12
  Tim, the Silvershire, all the moderators.
• 6:15
  Thank you for all that you do. Again, thank you for being here
• 6:18
  today, Right? We have a lot more to cover.
• 6:21
  We're going to get to it here in just one second.
• 6:24
  But the dollar has gone down in value there.
• 6:27
  There's, there's, I mean, think about, you know, when you go to
• 6:30
  the grocery store, you know, all the examples.
• 6:32
  Do I really need to give you the examples, right.
• 6:35
  That is going to continue at a more accelerated pace.
• 6:39
  Because remember, this is, this is very simple, OK?
• 6:43
  I won't even, I won't even pull up the US debt clock and, and
• 6:46
  force you to look at that. We've got 35 trillion in
• 6:50
  national debt, which is generating now $1 trillion in
• 6:55
  interest expense. That interest expense makes the
• 6:59
  deficit get bigger. When the deficit gets bigger,
• 7:02
  that makes the total debt level get bigger.
• 7:05
  When the total debt level gets bigger, that makes the interest
• 7:08
  expense get bigger. When the interest expense gets
• 7:11
  bigger, that makes the deficit get bigger.
• 7:12
  When the deficit, it's a doom cycle that we're in right now.
• 7:17
  There's nothing the Fed can do about it.
• 7:19
  OK, we're gonna. We are, man.
• 7:23
  As we head in, let me, let me. I wanna show you a slide
• 7:25
  somebody sent me from a presentation at one of the
• 7:30
  recent Big Gold forums. There it is.
• 7:33
  Let's see. Right there.
• 7:34
  OK, Gold, the return of the king, it says, OK, bold markets
• 7:41
  thinking this is where we are right now.
• 7:43
  I want you to think about where we are in the precious metals
• 7:45
  markets. This is this gold or silver?
• 7:48
  This holds true. Gold.
• 7:49
  Gold bull markets are borne on pessimism.
• 7:54
  They grow on skepticism. And that's where we are right
• 7:58
  now. We're in phase two.
• 8:00
  People are skeptical right now. I don't know about these metals,
• 8:03
  what, you know, whatever, OK? They mature on optimism.
• 8:08
  That will be the next phase, OK? And they die on euphoria.
• 8:13
  That's when you've got silver prices spiking like we've never
• 8:17
  seen before. That's when you've got the gold
• 8:20
  price, you know, going to 5 or 6000 euphoria, that's maybe when
• 8:25
  you want to decide to, to part with a few of your ounces of
• 8:30
  metals that you may or may not have.
• 8:32
  So I thought that I mean the key take away here right from this
• 8:38
  from this slide, hold on, I wanted to give credit to who put
• 8:41
  this up, Sarmaya Partners, OK, their Chief Investment Officer.
• 8:47
  The key take away here guys is, is that we are still we are
• 8:50
  still in the very early stages of what's going on.
• 8:54
  The Fed doesn't matter, OK? the Fed, the Fed matters less
• 9:00
  and less and less and less. I'm sorry.
• 9:04
  I don't have my Jerome in the box with me to pull out to show
• 9:07
  you. But we can talk to Jerome
• 9:09
  Powell. He's scared, right?
• 9:11
  That's I was talking to some high level people that I know
• 9:14
  today, you know? And what does it mean when they
• 9:16
  say Jerome Powell looks a little scared, right?
• 9:18
  Jerome Powell knows what's really, really going on.
• 9:22
  We got a big French bank. Let me pull this up.
• 9:25
  We got a big French bank, French bank big now talking about $2800
• 9:32
  gold. Hold on here.
• 9:37
  There we go. All right, let's pull this up.
• 9:41
  And right here, this came from Kitco Gold.
• 9:45
  The average $2800 by 2025. OK.
• 9:50
  Buoyed by geopolitical uncertainty and a moderating
• 9:55
  inflation environment in the US, as well as potential convergence
• 10:00
  of fiscal cost whoever wins the US presidential election, gold
• 10:05
  has continued its March higher since our analysts last
• 10:09
  quarterly, analysts noted in the French bank's latest commodities
• 10:13
  outlook. The question now is where do we
• 10:16
  go from here? This is from up here.
• 10:19
  So, so I can never pronounce it. Sock Gen. is what most people
• 10:22
  call it. Society generale.
• 10:24
  It's a massive French bank, OK. They they point to five major
• 10:30
  themes that they believe will drive gold and silver, right?
• 10:34
  Silver's silver's going to follow gold.
• 10:36
  We know that geopolitics, the dollar and rates, central bank
• 10:41
  purchases, investor flows and fundamentals, but they warned
• 10:47
  that while each of these drivers is overwhelmingly positive for
• 10:51
  gold prices, there is a notable absence of unpriced drivers
• 10:56
  higher that mean there could be more gold is our favorite asset
• 11:00
  in the commodity complex. And let's go down to the final
• 11:03
  paragraph here guys. So, so site Generale now see
• 11:09
  Spot gold averaging $2700 per oz in Q4 of 2024.
• 11:16
  Q 4 guys starts October 1st OK 27 an ounce in Q4 before rising
• 11:22
  to 2725 in Q1 of 2025 and 2750 per oz by Q2 for the full year
• 11:31
  of 2025. For the full year of 2025, they
• 11:35
  estimate Spot gold will see an average price of $2800 per oz,
• 11:44
  2800 per oz average. OK, so that means it could be
• 11:49
  2600 for part of the year and then it could go to 3000 for
• 11:54
  part of the year. You average those two together
• 11:58
  with your calculator, and what you're going to find is $2800
• 12:02
  per oz gold. Hey, let's run out and take a
• 12:04
  look at the gold and silver price and see how it's doing
• 12:07
  here after hours. OK, I know, I know today was
• 12:14
  today was was a bit of a a little bit of a a little bit of
• 12:17
  a heartbreak, although it really shouldn't be.
• 12:20
  We expected this. Even if guys, if we can stay
• 12:24
  above $2500 per oz, you know, I got a little secret for you.
• 12:31
  That's going to be the launchpad from which we could go much,
• 12:35
  much higher. Come on.
• 12:37
  Silver $30. OK, Gold 2557 per oz Silver
• 12:44
  $30.12. It is it is we're we're back in
• 12:48
  the battle. OK, basement dwellers, we
• 12:52
  really, really need Spot gold to stay above $30 per oz.
• 13:00
  You know, if it goes below, it's not the end of the world. 2826 I
• 13:05
  don't think it will, but it is so critical that we stay above
• 13:09
  30. I got a feeling you're going to
• 13:13
  like this one. OK And I don't know how you feel
• 13:16
  about this, but I have a feeling we're going to get some higher
• 13:19
  silver and gold prices. What is today, Wednesday?
• 13:22
  I'm going to go out on a limb, and it may seem crazy to say
• 13:25
  this now, but I think there's a 28% chance that by Friday we
• 13:32
  could see $32 silver or higher. I could be wrong.
• 13:37
  Don't make any financial decisions based on anything I
• 13:39
  say. But if you do decide that you
• 13:41
  want to get your hands off some silver, gold or platinum group
• 13:43
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• 13:47
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• 13:51
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• 13:57
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• 14:02
  you can trust. Please support channel sponsor
• 14:05
  penbacks. Let's get back here back to my
• 14:08
  luxurious hotel room because we do have more to cover here guys
• 14:14
  you know when CB nobody nobody's talking about CBD CS anymore
• 14:22
  central bank digital currencies. We got some big news on that
• 14:26
  front when when these and they're coming, OK, do you I
• 14:30
  mean CBDC's are coming. CBDC's will be good for gold and
• 14:37
  silver. I firmly believe that some
• 14:40
  people think otherwise. I believe that when we get this
• 14:44
  full electronic money environment, when the only, when
• 14:48
  you have 11, when your only choice is to store your wealth
• 14:52
  electronically, right, People still want privacy.
• 14:56
  Cash right now allows for financial monetary privacy.
• 15:02
  OK, what are people going to run to when they can no longer store
• 15:08
  everything? If they don't want something
• 15:09
  electronic, right? Either a cryptocurrency or a
• 15:13
  CBDC, If they want something real they can hold that's
• 15:17
  private. What are their, what's their
• 15:19
  only option? Their only option is going to be
• 15:22
  silver or gold, right? God, that's I didn't even think
• 15:26
  about it. This is this is new.
• 15:27
  We're experiencing this together, guys, right?
• 15:31
  CBDC's are coming and we're going to look at it quickly in
• 15:34
  an article about that. No stopping it.
• 15:37
  No stopping it. Look, when you go, if you've
• 15:39
  been to a baseball game lately, a Major League Baseball game and
• 15:43
  then NFL football game, from what I understand, you can't use
• 15:46
  cash in the stadiums anymore. When I take my daughters to Six
• 15:50
  Flags in Saint Louis, no more cash.
• 15:53
  Everything is electronic. No more, you know, no more of
• 15:56
  that paper funny, you know, make believe Unicorn fart.
• 15:59
  That's paper money. No, no, everything's electronic.
• 16:03
  They're moving us to a pure electronic system.
• 16:06
  OK? The plumbing's been put in
• 16:08
  place. And I want you to think about
• 16:11
  this. Five years from now, if if that,
• 16:15
  that's my estimate that we will, they'll be done with cash.
• 16:18
  It'll be gone, OK? There's no more paper money.
• 16:22
  You either get to use the CBDC or the electronic dollar, which
• 16:27
  is basically a CBDC, right? There's no more paper or the
• 16:31
  only other option for privacy. Some people like crypto
• 16:35
  currencies, but that's purely electronic.
• 16:37
  There's going to be no other option for physical monetary
• 16:41
  privacy besides gold and silver. It could create a new little
• 16:50
  flood of people coming to it, right?
• 16:53
  We know also, right? We know, right?
• 16:57
  The World Gold Council and the LBMA are working on what is it,
• 17:02
  Gold 327. It's a big project they have
• 17:05
  going on a massive project to to create electronic gold that's
• 17:12
  actually 100% backed by physical.
• 17:16
  And part of that part of that initiative is to make it so that
• 17:20
  you can do seamless transactions, right, with like a
• 17:23
  debit card, you'd have like a gold debit card and at a very
• 17:27
  low cost. So it is coming.
• 17:29
  OK, it is coming. Let's go out to the Silver
• 17:31
  Academy and take a look at this article.
• 17:41
  CBDCS are already among us. My kids play a game called Among
• 17:45
  Us. Does it seem like we should have
• 17:47
  voted on this? A significant step towards
• 17:50
  exploring and developing the infrastructure for our potential
• 17:53
  CBDCS and tokenized financial system.
• 17:56
  This came from Reuters. This came from our friend John
• 18:00
  at the Silver Academy. Top commercial banks join the G7
• 18:06
  LED central bank, current central bank digital currency
• 18:10
  trial, top commercial banks. OK, just I want to I want to
• 18:15
  give you a couple of the keys called Project Agora launched by
• 18:18
  the Bank for International Settlements.
• 18:21
  Don't forget, the Bank for International Settlements is
• 18:23
  who? It's the central Bank of the
• 18:26
  central banks. That's also right.
• 18:29
  The Bank for International Settlements also are the ones
• 18:31
  that enacted the Basel 3 reforms that made gold a tier one asset
• 18:38
  right along with Treasuries and cash.
• 18:41
  That was a big deal. And oh, by the way, ever since
• 18:43
  that's happened, a lot of central banks have been buying
• 18:46
  gold. I digress, got off subject.
• 18:48
  It's a collaborative effort involving leading central banks
• 18:52
  and the Institute of International Finance.
• 18:55
  Project's name comes from a Greek word which means
• 18:58
  marketplace. Who?
• 18:59
  Here's who's participating? The Bank of France, The Bank of
• 19:03
  Japan, the Bank of Korea, the Bank of Mexico, the Swiss
• 19:08
  National Bank, the Bank of England, and the Federal Reserve
• 19:12
  Bank of New York. Exploring tokenization can
• 19:16
  enhance the wholesale payments. Investigate integration of
• 19:19
  tokenized commercial bank deposits.
• 19:21
  Develop a public private programmable core financial
• 19:25
  platform. What this is in, in layman's
• 19:29
  terms is, is more of the plumbing, more of the framework.
• 19:34
  the Fed did something last year, I forget what it was called.
• 19:38
  Oh darn it, what was that called?
• 19:40
  But it was basically like the infrastructure for CBDC's.
• 19:44
  They're going to want to control everything money wise.
• 19:48
  And I'm telling you again, the only I'm so happy that I that we
• 19:55
  realized this together tonight. Basement dwellers, right?
• 19:59
  That when we have CBDC's. OK, that's electronic when we
• 20:05
  there would be no more cash. The only other option for
• 20:08
  privacy might be crypto currencies.
• 20:10
  Those are electronic. So you're going to have an
• 20:13
  electronic IP if you want a non electronic store of value.
• 20:19
  The only game in town I can't unless you want to put barrels
• 20:23
  of oil in your basement or you know, bushels of weed.
• 20:27
  The only game in town is going to be gold and silver.
• 20:31
  Think about it. Think about what's going on.
• 20:34
  It's really, really crazy. You know, the mining stocks, the
• 20:40
  gold and silver mining stocks are starting a little bit to
• 20:44
  catch fire. A little bitty bit.
• 20:46
  Hold on a sip of coffee. You can join me a little bitty
• 20:52
  bit. OK, But when gold, physical gold
• 20:57
  and silver will be big beneficiaries to the period of
• 21:02
  time when the mining stocks really catch fire.
• 21:06
  OK, Because that will put more attention on to the gold and
• 21:12
  silver sector, no doubt about it.
• 21:14
  Absolutely. OK, let's go out to the J post.
• 21:17
  I want to show you just two crazy interesting charts that
• 21:23
  show just how far the gold mining stocks have to learn,
• 21:27
  have to have to run. Again, this comes from the J
• 21:31
  Post and it's big article about Let's look at the title Gold
• 21:38
  Market Update Bullion soars as gold miners just begin their
• 21:44
  rally. OK, as we head into 2025, the
• 21:47
  gold market is witnessing a remarkable sequence of events.
• 21:52
  It's a great article. I could recommend you read it,
• 21:55
  But what I really want to draw your attention to is just how
• 22:00
  crazy undervalued the mining stocks are.
• 22:04
  This is the Huey index, which takes, I think it's the 12
• 22:08
  biggest gold mining companies. And it, it, it's like the Dow
• 22:11
  Jones Industrial index or the, or the NASDAQ index or the S&P
• 22:15
  500, which is an index. So as you can see, right, this
• 22:19
  goes back to what 2001 and and the index is with is down, down,
• 22:25
  down really hit a low around what 2016 bounced up
• 22:30
  significantly, but we're in a triangle and we just broke out.
• 22:35
  This is not the crazy thing, OK, But this is very bullish for the
• 22:40
  gold and silver mining stocks. What is crazy and shows us an
• 22:47
  insane potential for those stocks, which again will bring
• 22:52
  more attention to physical gold and silver is the ratio, this is
• 22:56
  the gold mine, the Huey, which is the gold miners ratio to the
• 23:02
  Dow Jones Industrial Average. And guys, this is I mean, it was
• 23:06
  that really historic lows. I did a couple of videos about
• 23:09
  this back when it was almost like a point O 5 point or point
• 23:13
  OO5. It's come up a little bit as you
• 23:16
  can see and it's and it also has broken through the trend line.
• 23:21
  But right now it's barely at .008.
• 23:26
  OK, I don't want to lose you on real technical stuff here, but
• 23:30
  if you look at this chart, like back here, it was easily at
• 23:36
  let's let's be very conservative and say .05, OK, for this to get
• 23:42
  to .05 again, and that was just back in 2012, by the way, boys
• 23:48
  and girls, to get back to, to get back to where it was in
• 23:51
  2005, it would have to go up at least 6 * 6 times, not 6%, six
• 23:58
  times, meaning that the average gold mining stock would go from
• 24:04
  let's say 100 to 600. It would go up 6X, right?
• 24:09
  Even just to get back to, you know, a middle of the range
• 24:15
  .025, we would need to see a tripling.
• 24:23
  So, and these are the big gold miners.
• 24:25
  These are the big gold miners. OK, The smaller, the smaller
• 24:29
  miners, I thought I was in the basement.
• 24:33
  I was going to say the smaller miners like Fortuna Mining.
• 24:37
  And thank you to Fortuna Mining for also sponsoring Ron's
• 24:40
  basement. Actually, I'm going to go meet
• 24:42
  with with Carlos, their director of investor relations here in a
• 24:46
  few minutes. That's why I'm out of town.
• 24:48
  But the smaller mining companies like Make Believe, Fortuna
• 24:52
  Mining, I'm pointing out there, they've done well, but they
• 24:55
  haven't gone up as much as a lot of the big major miners.
• 24:59
  Our other channel sponsor, First Mining Gold, they are a
• 25:05
  development stage company with major projects too, too large
• 25:09
  scale projects in Canada. They're a developer, right?
• 25:12
  They've got gold in the ground. They're not mining yet.
• 25:14
  That whole sector is barely started to move.
• 25:18
  I'm telling you guys, OK, all right, I'm going to make a call.
• 25:22
  I'm going to make a bold call right now, and I don't do this
• 25:26
  every day. You know that it's been probably
• 25:29
  a month since I made a bold call.
• 25:31
  I think that we're going to have $32 silver by Friday.
• 25:36
  If I'm wrong, I don't know. I'll, I'll, I'll release that
• 25:40
  video I made of myself singing New York, NY by Frank Sinatra.
• 25:45
  But I'm feeling it in, in the stocks are starting to move and
• 25:49
  it's getting very, very, very interesting right now.
• 25:53
  OK, you know China is whooping us.
• 25:59
  Let me let me see if I can pull this up for you real quickly.
• 26:02
  Hold on here, guys. And OK, here it is.
• 26:09
  I found it. Look, I love my country.
• 26:16
  I love America. We are in a precarious situation
• 26:19
  right now and China is making major, major strides with their
• 26:25
  economy with their ability to manufacture all types of new
• 26:29
  technology. Listen to this.
• 26:31
  I want to pull this up for just three sentences.
• 26:33
  I want us to look at this is from uh oh, what?
• 26:39
  Hold on here. How do I get rid of this?
• 26:43
  God, everybody wants you to subscribe to something, don't
• 26:45
  they? Hold on.
• 26:46
  Let's see if I can get this to come up.
• 26:49
  Here we go. Well, it says I'll.
• 26:51
  I'll just tell you what the darn article said.
• 26:53
  You'd rather look at my face anyway, right?
• 26:55
  So apparently the CEO and CEO or COO of Ford Motor Company took a
• 27:02
  ride in one of the new Chinese. The Chinese are making.
• 27:06
  Remember this week the Chinese silver, What does this mean for
• 27:11
  silver? Chinese are making their
• 27:13
  automobile industry now is is like massive compared to Europe
• 27:19
  and North America. OK, these guys are are
• 27:22
  manufacturing some really cool electric cars.
• 27:25
  By the way, they won't let them sell them in the United States
• 27:28
  because we say, oh, they're dumping their government
• 27:30
  subsidized blah, blah, blah. I don't know, I'm not an expert
• 27:33
  in that area. I think they won't let them sell
• 27:35
  them here because they would whip up on the American made
• 27:40
  coming. They sell these things for like
• 27:42
  $15,000. Anyway, the CF of the, the CEO,
• 27:46
  according to this article from Business Insider of Ford, went
• 27:50
  on this ride and drove one of these new Chinese electric
• 27:54
  vehicles. And he was like, Oh my God, he's
• 27:58
  like, I can't believe. Apparently he said to the CESCFO
• 28:03
  or she'll like, we're in trouble.
• 28:06
  And like, this is nothing like the Chinese cars of even 10
• 28:11
  years ago. So guys, you know, and when we
• 28:16
  look at China through the, I mean, look, China, I got a
• 28:20
  little secret for you. China is buying silver.
• 28:23
  They're not even buying. They're buying like the silver
• 28:27
  or basically directly from Mexican mining companies now.
• 28:32
  They're bypassing the COMEX in the LBMA, OK?
• 28:36
  They're making electric cars like you've never seen before.
• 28:40
  You know, I mean, my gosh, it makes me nauseous to talk about
• 28:44
  it. So we're not going to talk about
• 28:45
  it. But they're making more solar
• 28:49
  panels. They're going to cover the whole
• 28:51
  world in solar panels before we know it, OK, The Chinese and
• 28:55
  their need, their unquenchable thirst for silver is real,
• 29:00
  right? And electric vehicles use a lot
• 29:02
  of silver. And when the what does it tell
• 29:04
  us, right? When the CEO of Ford Motor
• 29:07
  Company apparently is like shocked by the quality of the
• 29:12
  Chinese electric vehicles, Right.
• 29:17
  And then at the same time, you know, we're dealing with India.
• 29:20
  I mean, people, I was watching a video.
• 29:24
  I mean, I'm hearing people now talk about silver, looking at
• 29:28
  the charts, talking about the silver price.
• 29:31
  Sit down, please. Have a seat.
• 29:34
  Have a seat. The silver price going all the
• 29:37
  way up to $170. I'm going to pull the banner up.
• 29:41
  Hold on here. All right, cool.
• 29:47
  Oh, wow. Did I get a super chat?
• 29:49
  I did. Hey, Silvershire.
• 29:53
  Silvershire demands a night shift pay increase.
• 29:57
  Thank you for the Thank you for the Super chat.
• 29:59
  Yeah, this has been my. My schedule is going to be
• 30:02
  screwy here for a day or two, guys, but I won't forget about
• 30:05
  you. And I got a couple other videos
• 30:07
  I'll put out during the day. We are so fine.
• 30:10
  I mean, are you frightened? Are you worried after what
• 30:13
  happened today? I'm telling you.
• 30:15
  I'm telling you, and I could be dead wrong, don't make any
• 30:19
  financial decisions, OK? You know that whole spiel.
• 30:22
  But I'm telling you this is going to bounce back quickly.
• 30:26
  We're in the new, I mean, remember what it was like to be
• 30:30
  invested, the pain in silver and gold 18 months ago when we would
• 30:36
  have like a good day and then there would be like 8 bad days.
• 30:41
  Do you remember that? I, you know, I mean, if you do
• 30:43
  type yes in the comments, OK, that's completely flipped.
• 30:48
  Now that's the good news. Remember back in December, I
• 30:52
  mean that 10 months ago, I was one of the one of the first to
• 30:56
  say we have just entered a new climate, a new whatever the tide
• 31:01
  is turned, however you want to say it.
• 31:02
  The winds have shifted. Now we'll have a bad day like
• 31:07
  today, OK, One bad day and it's going to be followed up by a
• 31:12
  bunch of good days. Now, I could be dead wrong, but
• 31:15
  I'm usually right, but I'm sometimes wrong.
• 31:18
  You can confirm that with silver Susie, my beautiful wife, who
• 31:21
  I'm sure is probably weeping in in depression since I'm not
• 31:26
  there with her right now, but but I'm usually right and I feel
• 31:31
  that this look, I said it. I'm not going to brag.
• 31:34
  I'm not, I'm and I'm not because I am off the run, but I've told
• 31:37
  we talked about this guys that what happened today was what I,
• 31:42
  I was, I kind of felt was going to happen.
• 31:44
  I'm telling you now with the same level of confidence that a
• 31:47
  quick bounce back, maybe tomorrow, I think, I think maybe
• 31:51
  as soon as tomorrow I got a feeling right.
• 31:55
  We're in, we're in, in for a good time in the silver and gold
• 32:01
  market. the Fed is cooked, OK. The Fed is done right just
• 32:08
  because CNBC and Yahoo Finance. But all this the Fed is, is, is
• 32:14
  is they lost. the Fed lost to the national debt. the Fed lost
• 32:20
  right to the 35 trillion we went through that the Fed lost to the
• 32:25
  deficit, OK. the Fed now is going to, this is going to be
• 32:29
  manifested in higher inflation. And I want you to think about
• 32:34
  this, OK, six months from now, a year from now, when they say,
• 32:38
  oh, inflation's the same thing played out in the 70s, right?
• 32:43
  What's the Fed going to be able to do?
• 32:45
  Oh, inflation's coming back. Inflation's coming back, right?
• 32:48
  Well, the economy's in the tank. They, they are not going to be
• 32:52
  able to raise rates. the Fed can't raise rates.
• 32:56
  Think about this, right? Remember, right, Remember, 35
• 33:01
  trillion in a year, in a six months from now, it'll probably
• 33:05
  be 38 trillion. the Fed can't raise rates because when they
• 33:09
  raise rates, that makes that interest expense start to really
• 33:14
  explode. It's already exploding where we
• 33:17
  are right now. But they can't, they keep
• 33:19
  raising interest rates. So they are in a box and, and
• 33:23
  essentially, and I think we need to get this.
• 33:26
  I, I really hope this is my opinion.
• 33:29
  You form your own opinions, but we need to realize that the Fed
• 33:33
  is kind of cooked, right? They're done and we don't need
• 33:39
  to pay so much attention to them.
• 33:41
  OK. And I think I think that's going
• 33:44
  to play out here in the next week or two.
• 33:47
  Hey, thanks for being here. Thank you to the moderators for
• 33:50
  moderating. Thank you for the Super chat.
• 33:52
  Thanks for dealing with me and kind of a different environment.
• 33:55
  But wherever you are, right, it's a big deal that you're
• 33:58
  here. I appreciate you being here.
• 34:00
  Hey, everybody stick around. Let's have some fun.
• 34:03
  OK? I will read out.
• 34:04
  Hold on. If I can figure this out.
• 34:06
  Here we go. Comments.
• 34:08
  Here we go. And I'll read out the 1st 20
• 34:12
  names. Tell us.
• 34:13
  Tell us where you're joining us from today.
• 34:15
  I want to read out the 1st 20 names.
• 34:17
  OK, Please tell me the city. I'll do my best.
• 34:22
  Only one cookie is you at the only one cooked is the US.
• 34:24
  Great Nate. Hey, Annie Oakley, good to see
• 34:27
  you. Great Nate Michigan.
• 34:29
  Great Nate the moon coin shop Chris.
• 34:32
  Don't forget go to coin shop Chris's YouTube channel not coin
• 34:36
  shop chris.com coin shop Chris YouTube channel.
• 34:39
  Annie Kansas Vincent Clearwater. Good to see you Vinny.
• 34:44
  Great Nate. No city San Jose.
• 34:47
  Yodi is in Denver. I missed a few.
• 34:49
  I'm sorry Jason from Bellingham guys, we are everywhere.
• 34:53
  Eagan, MN Manitoba, North Alabama Keith, West Virginia Mr.
• 34:59
  Dubois good to see you again. Or Kevin from North Carolina.
• 35:04
  Wow guys. Craig from Washington DC and
• 35:09
  buzz bait go to go talk some sense into those politicians
• 35:12
  Will you hate Brad from Sioux Falls, Pennsylvania?
• 35:15
  Ernest Wayne Burbank. Wow.
• 35:17
  The point here is I'm going to read two more.
• 35:20
  Majeer from Eureka, CA famous father from Dexter, MI Welder
• 35:26
  guy. Good to see you from Maine.
• 35:28
  The point here guys is we are spread all over the place.
• 35:31
  Thanks for being part of Ron's basement.
• 35:33
  Please give this thumbs up if you haven't subscribed.
• 35:36
  I forgot to beg for that earlier.
• 35:38
  I don't have all my signs around me.
• 35:41
  You are the most important part. OK.
• 35:43
  I appreciate you, Susie. All of us, right?
• 35:47
  You're always welcome here. You're part of the group.
• 35:50
  We want you to come back. Everybody have a great night.
• 35:52
  OK. And I'll see you soon.
• 35:54
  Thank you.