Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 💥SILVER Price!💥 - THIS Is SHOCKING...(Gold Price Too)

Transcript

💥SILVER Price!💥 - THIS Is SHOCKING...(Gold Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  These valuations that we're seeing right now in the general
• 0:03
  stock market are basically a Ponzi propelling the price of
• 0:12
  gold and silver and precious metal mining stocks much, much
• 0:16
  higher. We just got news today on
• 0:19
  inflation up year over year, up month over month.
• 0:25
  Guys, the Federal Reserve and Jerome Powell have given up the
• 0:29
  fight on inflation. Do you know that?
• 0:31
  Nothing will drive the price of silver and gold higher like
• 0:36
  inflation. It's been that way for thousands
• 0:38
  of years. There are temporary little
• 0:41
  periods of relief or respite from that when the Fed is in
• 0:46
  control. But the Fed is no longer in
• 0:49
  control. the Fed has given up their fight on inflation.
• 0:54
  They know the only chance they have to keep the system going is
• 0:59
  to inflate away the debt. Let's go take a look at the US
• 1:02
  debt clock and I'll make it real clear for you just exactly why
• 1:06
  that is the case. You know, we are approaching $36
• 1:11
  trillion in national debt. You know that we have a budget
• 1:16
  deficit right now of $2 trillion.
• 1:19
  If you want to see why that happens, go right here to the US
• 1:23
  federal spending $7 trillion. Go over here, U.S.
• 1:30
  Federal tax revenue, $5 trillion.
• 1:33
  Yes, we're spending $2 trillion more than we're bringing in,
• 1:38
  creating this massive deficit, which makes the national debt
• 1:41
  bigger, which makes the interest on the debt bigger and bigger,
• 1:46
  which in turn makes the deficit bigger, which in turn makes the
• 1:49
  net, you know, right, it is. That is a doom cycle, right?
• 1:55
  A debt spiral, A debt Whirlpool, whatever term you choose to
• 2:00
  describe it. And President Trump's good
• 2:03
  friend Elon Musk, while he's been sounding the alarm, he's
• 2:08
  tweeted now several times, right, that the national debt is
• 2:12
  out of control, the government spending is out of control.
• 2:18
  There is so much uncertainty as we head into this next year.
• 2:23
  I was wrong about 2024. I thought we would have much
• 2:27
  more the major events that would have occurred during 2024.
• 2:31
  And relatively speaking, it's been smooth sailing throughout
• 2:36
  this year. But I think we'll be very
• 2:38
  surprised in 2025, not just with inflation but also with this
• 2:44
  major level of uncertainty. We don't know what President
• 2:49
  Trump has planned basically at this point for 2025.
• 2:53
  If he does half of the things that they're talking about, it's
• 2:57
  going to create shock waves that go throughout the economy.
• 3:01
  I'm not making any type of political statement.
• 3:04
  We're here to talk about silver and gold and how actions by our
• 3:09
  incoming president can have major impacts on a lot of
• 3:13
  different things. And when there's big levels of
• 3:15
  uncertainty, right, that is typically very good, people will
• 3:19
  get scared. What's gonna happen to the stock
• 3:22
  market? Think about this right now.
• 3:24
  We are, by any measurement, any measurement in a bubble in the
• 3:30
  stock market. It is atrocious.
• 3:33
  Trust me, I'm an accountant by trade.
• 3:36
  I worked for one of the big four accounting firms.
• 3:38
  These valuations that we're seeing right now in the general
• 3:42
  stock market are basically a Ponzi, right?
• 3:46
  The actual assets that back up all these mega high stock
• 3:51
  prices, it does not add up. And right now, if you're an
• 3:55
  average American, right, this came from Goldman Sachs, you
• 3:59
  have 50%, the average American, 50% of their personal household
• 4:06
  wealth assets are invested into the stock market.
• 4:11
  Some people have done very well. I don't know if you have, right?
• 4:14
  If you've been invested in the general markets, hey, my hat's
• 4:17
  off to you. But we must recognize that the
• 4:20
  valuations by any measurement, any comparison throughout
• 4:24
  history, any metric, any ratio you want to look at, we are in
• 4:29
  double bubble, not just one bubble, double bubble territory.
• 4:34
  And if that hits home and the average American suddenly looks
• 4:37
  at their four O 1K and it's become a three O 1K, right,
• 4:43
  maybe lost 25, thirty, 40% of its value, people are going to
• 4:48
  freak out. Not to mention there's a little
• 4:52
  bubble in the residential real estate market as well.
• 4:55
  If people, you know, are thinking in their heads, well,
• 4:57
  my house is worth $450,000, I'm in good shape.
• 5:02
  And suddenly over the course of a year, like we had during the
• 5:06
  great financial crisis, that house that they thought was
• 5:09
  worth 450 is now maybe worth 300 or 250.
• 5:14
  And their four O 1K has become a three O 1K.
• 5:17
  What do you think people are going to do?
• 5:20
  You know what they're going to do?
• 5:20
  They're going to run to silver. They're going to run to gold.
• 5:24
  The seed has been planted. Every American, every American
• 5:28
  right now except you and me. Basement dwellers, right, does
• 5:32
  not invest in gold and silver, but they all know, right?
• 5:37
  You're like, you and I were like one in 101, in 200 people.
• 5:41
  They all know from early childhood, people are taught
• 5:45
  that silver and gold are valuable.
• 5:47
  They're stable. We're starting to see the
• 5:49
  beginning phases of this with the the Costco dads.
• 5:52
  But I'm telling you right as we hit major uncertainty, if I'm
• 5:57
  correct and look, I don't have a crystal ball, don't make any
• 5:59
  financial decisions based on anything I'm saying.
• 6:03
  We could see a wave and we don't need a big wave of people, just
• 6:08
  a little wave to come into the precious metal sector, to come
• 6:11
  into the precious metal mining stocks and it will make a huge
• 6:15
  difference. I mean, multiples amount of
• 6:18
  money coming into the sector. Now, if you decide that you want
• 6:22
  to buy some silver, gold or platinum group metals, I want to
• 6:25
  say thank you to channel sponsor Pinbecks.
• 6:28
  They're an online bullion dealer.
• 6:31
  Many of you are using them now to buy your silver, gold and
• 6:34
  platinum group metals. And I've received overwhelmingly
• 6:37
  positive feedback. That's what they can do for you
• 6:40
  Pinbecks, right? They can sell you the precious
• 6:43
  metals, but they do it at unbeatable prices, ultra
• 6:47
  competitive pricing, so you always get more metal for your
• 6:50
  money. Again, they've got a great
• 6:52
  selection and most importantly, they're a company that you can
• 6:57
  trust. You need to do your own due
• 6:59
  diligence, do your own investigative work, read what
• 7:02
  other people have said. I'll tell you from my experience
• 7:05
  that I trust them, but that's something you need to determine
• 7:08
  for yourself. And like I said, if you want to
• 7:11
  get the best prices, the exact same stuff that they sell out
• 7:14
  the other big, big mega online bullion dealers, exact same
• 7:18
  stuff, often times for a dollar or two less per when you're
• 7:22
  talking about silver. Check them out.
• 7:24
  It's going to be crazy as we head through 2025.
• 7:28
  OK, let me throw this final nugget at you about the economy.
• 7:34
  If the economy is so strong right now, like the authority
• 7:39
  figures want us to believe, why are commodities across the board
• 7:45
  in the toilet? Whether you're talking about
• 7:47
  food, oil, energy, precious metals, all the commodities
• 7:52
  overall are in the toilet. If the economy was doing well,
• 7:56
  guys, right, that means that there's big demand for
• 7:59
  commodities, right? Commodity prices go up.
• 8:02
  I think we could be in for some very interesting times here as
• 8:06
  we head through the end of this year, but especially in the
• 8:09
  2025. Who knows what's going to happen
• 8:13
  with the new president in place. There are so many crazy
• 8:16
  variables that could play out. We'll be here.
• 8:19
  We'll get through it all. Thank you for joining me today.
• 8:22
  I also want to say thank you to channel sponsor First Mining
• 8:25
  Gold, Canadian gold developer. If you want gold in the ground
• 8:28
  in Canada, that's what First Mining Gold can do for you.
• 8:32
  They have two multi million ounce development stage projects
• 8:35
  in Canada and Fortuna Mining. They're an operating producing
• 8:40
  silver and gold mining company. Silver and gold in Latin
• 8:43
  America, gold in West Africa also, of course, our friends at
• 8:49
  Pembac's. Hey, have a great day.
• 8:51
  Thank you. Thanks to all our sponsors.
• 8:53
  I'm going to look forward to seeing you next time.
• 8:55
  Hang in there. I know this post Trump election
• 8:59
  situation in the precious metals markets, in the precious metal
• 9:03
  mining stock markets has been a bit challenging, but guys, bumps
• 9:07
  in the road are normal during any bull market.
• 9:10
  Take care, I'll see you soon.