Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🔥ALERT - This is HARD To BELIEVE ✅ (Gold and Silver Price, Employment, Jobs!)

Transcript

🔥ALERT - This is HARD To BELIEVE ✅ (Gold and Silver Price, Employment, Jobs!) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
Potential shocking news tomorrow they could rock the silver price
0:06
rock the gold price. We're going to cover it and
0:09
we're going to cover the reasons why this is so critical for us
0:13
to pay attention to the biggest news story that we're going to
0:16
get in a long time and we're going to get it tomorrow.
0:19
But first let's say thank you to you for being here.
0:22
You are the most important part of the basement.
0:25
Thanks for participating. Thanks for being part of the
0:28
group. You can call your yourself a
0:30
basement dweller. You can call yourself whatever
0:32
you want. But when you're down here in the
0:34
basement with me, you're part of our community.
0:37
So thank you. Please subscribe to the channel,
0:39
give the video a thumbs up and super chat Super thanks Ari
0:42
super appreciated. Before we talk about the reasons
0:45
why we could have a little turbulence tomorrow in the
0:48
silver and gold world. Let's talk about where we are
0:52
coming from because guys, I was just shocked when I looked at
0:57
this chart this morning. A one year chart of the silver
1:00
price. I want to draw your attention
1:02
far over to the left and on the 3rd of October 2023 exactly 1
1:10
year ago, we had a silver price of $20.95 today right in the
1:18
futures market. We're approaching $32 per oz.
1:22
We're going to go get an update here in a few minutes, but guys,
1:25
the silver price, Let's get the crayons out quickly.
1:28
The silver price has just literally exploded over the last
1:33
year. Look at this.
1:35
I mean, do you see this trend? It's unbelievable and we have a
1:39
lot to be grateful for, but tomorrow could prove
1:43
challenging. What's going on tomorrow?
1:45
Tomorrow we'll get the non farm payrolls, the jobs number.
1:48
OK, be prepared for a beat down. It might be hard to believe,
1:53
might be hard to believe, and I'm going to give you the
1:55
reasons why. If there was ever, if there was
1:58
ever a unemployment report where they were going to fudge the
2:03
numbers more than they already fudge the numbers, that would be
2:07
tomorrow. It's about exactly 1 month
2:10
before the election. So look, I'm just saying I'm not
2:16
accusing anybody of anything and not like the Bureau of Labor and
2:20
Statistics has ever gotten these job numbers wrong or anything.
2:24
But if there was ever, if there was ever an employment report
2:28
where there might be some incentive to make things look a
2:32
little bit better than they actually are, I can just see it
2:35
tomorrow. Oh, the jobs surprise.
2:38
The jobs numbers are great. The economy, strong by dynamics,
2:42
is working right, right one month before the election.
2:46
And that has the potential. The potential not as strong as
2:51
it used to be because gold and silver are much smarter, much
2:55
smarter. The the smartest, oldest
2:58
investments in the world and and people are losing faith in a lot
3:02
of this government data. But nonetheless, that potential
3:05
is there tomorrow. Why?
3:07
Right? What's the reason they want the
3:09
economy to look good? What's an example of why we know
3:13
these numbers are often wrong in the past?
3:15
Well, we know that every single month when they put out the
3:18
employment data, they revised the previous two months and like
3:21
95% of the time over the last couple years, they revised the
3:25
numbers down or we made a mistake.
3:28
Here's the great number this month.
3:30
And this is. What we can see tomorrow here's
3:32
a great number. Oh and by the way, we're
3:35
revising down the previous two months.
3:37
It's like they take their make believe jobs from the previous
3:40
two months and roll them into the current month.
3:42
We also know that they were wrong by 818,000 jobs from March
3:48
of 2023 through March of 2024. And that's not even the final
3:53
revision yet. Some people are saying they
3:55
could have been wrong by as many as 1,000,000 jobs.
3:59
So we have to ask, you know the, the, you know, 1,000,000 people,
4:04
right? Nearly 1,000,000 people.
4:05
I wonder how they enjoyed cashing their imaginary
4:09
paychecks over the last year. So be prepared for tomorrow,
4:13
right? I hope I'm wrong, right?
4:15
If I gave you, let me ask you this question.
4:17
If I gave you $100,000 right now, I think you'd really like
4:23
me. But if I did gave you 100,000
4:25
but you were forced to bet it on the gold price tomorrow, is the
4:29
gold price going to go up tomorrow?
4:31
Gold and silver? Are the gold and silver prices
4:34
going to go down tomorrow? Right now I'm a little bit.
4:38
If I had to do that, I would probably put my money on down
4:42
just because I know the shenanigans that they're likely
4:45
to be playing tomorrow. Now the important thing to
4:47
remember here is this is all temporary noise, OK?
4:52
Smoke and mirrors made-up data. Unicorn fart does bubble gum and
4:57
duct tape the whole economy. We know the big picture and the
5:00
big picture, right, is that we are in a situation where we will
5:05
have inflation coming at us over the next year.
5:09
Devaluation of the US dollar and gold and silver will be just
5:12
fine. I just want you to be prepared
5:15
for tomorrow because I got a feeling there's going to be
5:17
shocking news. Shocking good news.
5:20
We'll see, right? I, I'm often wrong, but that's
5:23
what I see coming tomorrow. OK, let's, let's, let's switch
5:28
over to Charles Nenner. Do you know Charles Nenner?
5:33
I followed Charles Nenner for probably close to seven or eight
5:37
years now. He's a super smart ex Goldman
5:41
Sachs. He left Goldman Sachs guy.
5:42
He's a Dutchman. He lives in Israel now.
5:45
But none the less, he makes these unbelievable predictions.
5:49
He's like the guy with the crystal ball, unbelievable
5:53
predictions. And he has a great accuracy
5:55
track record when it comes to predicting cycles and movements
6:00
in certain commodities. And he always pays attention to
6:03
gold. And when we say gold, we mean
6:05
silver as well. Charles Nenner And he is not.
6:09
He's not a guy who's constantly bullish, constantly saying buy
6:13
gold, buy gold. I've heard him many times say I
6:15
think gold's going to go down, gold's going to go down.
6:18
Well, he said something shocking about gold.
6:20
Let's run out and see what Charles had to say.
6:25
This comes from zero hedge. He says right now, get out of
6:30
stocks and buy gold. Get out of stocks and buy gold.
6:35
Charles Nenner. Nenner warns of an imminent end
6:39
of American empire. He also is telling us that he
6:44
thinks. That the the.
6:45
The reign of the American empire is coming to an end.
6:48
You can read this article. There's actually a video out
6:51
there as well. Interview.
6:52
But he says according to his cycles, the United States is
6:56
basically finished. Look, I'm just, I'm just
6:59
reporting the news, but I can see why he's saying this, right?
7:03
There's some indications that the way our country's headed
7:06
right now, things aren't looking real good.
7:09
He talks about the wars that are going out.
7:11
He says they will probably turn into a World War.
7:14
And the problem is the US will have to fight Russia, China,
7:17
North Korea, Iran. And he thinks that there's
7:21
really no chance of a total victory.
7:23
Not, I'm just telling you what the guy says now he talks about
7:27
the markets crash, crash on the markets.
7:32
Nanner thinks there's going to be a stock market crash that
7:36
will be equal to or greater than the Great Depression market
7:40
crash in 1929. He says, quote, we are telling
7:44
our clients to get out of stocks.
7:46
We have 0 stocks Then are also thinks the gold is the place to
7:51
be for the next three years. And I want to reiterate, This is
7:56
why this is so important, guys. I followed him for years and
8:00
years #1 he's very accurate. He's not perfect.
8:04
Nobody's perfect, but he does. He's actually a physician.
8:08
He started out as a medical doctor and then went to work for
8:11
Goldman Sachs. The guy is very smart and has
8:14
this proprietary cycle. He analyzes cycles and looks at
8:18
all kinds of data. He is not constantly saying that
8:22
he thinks gold is going to go up.
8:23
It feels like to me almost like he's more often saying don't buy
8:27
gold, but now this is a big deal when Charles Nenner says gold is
8:33
going to go much higher and he thinks it's the place to be for
8:37
the next three years when it comes to the market crash,
8:40
right? They ask him, when will the
8:41
market crash come? Nenner said it's still going to
8:44
take a half year or a year until everybody realizes how bad the
8:50
situation is compared to the BRICS countries.
8:53
He says, quote, the dollar is not going to be the major
8:55
currency Nixon right. Remember 1971 stopped backing it
9:00
by gold and Saudi Arabia recently stopped backing it by
9:05
oil. Right now the dollar is back
9:08
isn't backed by anything. So why would people trust the
9:12
dollar? Right, right.
9:15
This my friends, huh. It's the old dollar, the paper
9:19
dollar. It's not backed by anything
9:22
right now. He, what he says is true, We
9:25
went through a long period of time when the dollar was backed
9:29
by gold and silver. It was a great time in America,
9:33
right? A, a, a period of time where we
9:35
had growth and prosperity and a lot of peace like never, ever
9:40
before. 1971, Nixon took us off the gold standard, right?
9:45
And they took the, they took silver out of the change, right?
9:48
We're going to talk about junk silver later with another big,
9:51
big warning, but we'll, we'll get there in a little bit.
9:56
Recently, the Saudi Arabians have stopped, you know, the
9:59
petrodollar situation. The the dot went when, when
10:02
Nixon took the dollar off gold and silver, they quickly
10:06
transitioned it to the petrodollar, which meant that
10:10
all oil in the world was bought and sold with, with the dollar,
10:15
all oil. So the dollar essentially became
10:17
backed by oil and oil is the lifeblood of the world economy.
10:22
It still is now, though, things are changing.
10:26
China, Russia, all the BRICS countries, they're buying oil.
10:30
They're selling oil outside of the US dollar.
10:33
So at this point, like Nenner pointed out, the dollar is
10:38
really backed by very little, very, very little.
10:43
It's going to be an interesting ride here as we get out into the
10:46
next coming number of years. Let's talk about the US economy.
10:49
We never, we don't, we, we've neglected US basement dwellers,
10:54
a critical component of the United States.
10:58
Some people would say the consumer is the backbone of the
11:01
US economy, but what about the US farmer?
11:04
The US farmer, right, that provides the food that you're
11:07
likely right, you and I are going to eat today, right?
11:10
Right. How are they doing?
11:12
They're a huge critical part of our economy.
11:15
What, what do you think the farmers are telling us right now
11:19
about the US economy? And this is downright scary.
11:23
Another article from Zero Hedge sentiment of American farmers
11:29
implode. OK.
11:33
A new reading from Purdue Purdue University in the Chicago
11:38
Mercantile Exchange Group AG Economic Barometer Index shows
11:41
sentiment across the heartland, more specifically on America's
11:46
farms, has tumbled to the lowest levels since 2016 as incomes
11:53
pressure are pressured lower. This is on concerns of quote,
11:57
commodity prices, input cost and future of trade after upcoming
12:03
elections. And take a look at this chart,
12:06
which shows us how they're feeling, how the how the how the
12:10
American farmers feeling about the US economy, about the
12:14
farming industry. And as you can see on the right
12:18
hand side, guys, we have not been this low in nearly 20,
12:22
what, 20 years? No, I'm sorry, eight years, 10
12:24
years, the US farmer is struggling.
12:27
And if you think for a second that that's not a strong
12:31
indication as to what's going on in our economy, you are
12:35
mistaken, right? Farmers make up a critical core
12:38
part of our economy. And when they're not doing well,
12:42
when they're not feeling good, that is a big sign that we are
12:45
headed for some potential major trouble.
12:48
All right, What else is going on out there in the world?
12:51
Did you hear about Bank of America?
12:55
They had a little problem yesterday.
12:56
If you have an account with Bank of America, you possibly could
13:00
have logged on or gone to your local ATM and noticed that all
13:04
your money was gone. Let's take a quick read as to
13:07
what happened there. I thought this was interesting
13:11
from CNN says Bank of America says widespread outage is nearly
13:18
fixed, nearly fixed. And I thought, I wonder if when
13:22
I go to pay a more, if someone goes to pay their mortgage
13:25
payment, the Bank of America, they could say I nearly paid you
13:28
my mortgage payment, but I didn't quite do it.
13:31
So the problem has nearly been fixed by Bank of America.
13:36
Here we go. Bank of America customers
13:38
reported having trouble accessing their bank accounts on
13:41
Wednesday, but the bank said the apparent glitch has been largely
13:46
fixed. Reports about a problem at Bank
13:48
of America spiked about 1:00 Eastern on down detector, which
13:52
collects data on outages. Many customers complained they
13:58
could not see their account balances.
14:00
Some who could access their accounts were startled to see 0
14:06
balances. OK very interesting.
14:09
Now let's run over and see. I love this guy Jim Willie, what
14:14
he had to say about this outage or preview?
14:18
This is from Twitter. Our wealth is bars on borrowed
14:23
time with Bank of America. Bank of America, I think is like
14:26
the biggest consumer bank in the country.
14:28
OK, Jim, Willie, I'm just going to tell you what he said.
14:32
So the outages today show just how fragile the banking system
14:36
is. Accounts wiped clean.
14:38
I mean, think about this guys. The banks have one job to
14:42
protect your money, OK? And they banks were wiped clean.
14:46
I got to look you in the eye for this.
14:47
The banks have one job to protect your money, 0 balances,
14:54
OK. On top of that, and we've talked
14:55
about this and nauseam, what else would give us concern?
15:00
What are the reasons why we might be concerned?
15:02
The other thing is that the banks, despite the fact that
15:05
they're having these technology glitches still, right, they have
15:09
one job. You give the money, you give
15:12
your money to the bank and the bank stores your money safe and
15:17
secure so you can get it anytime, right?
15:20
So now we've got balances getting, you know, temporarily
15:23
it's nearly but nearly been fixed nearly.
15:27
OK, so that's a big problem. On top of that, the reality is
15:31
the banks, the investments they made with your money into long
15:36
term U.S. Treasuries that are now
15:38
probably, they've probably gone up a little bit since rates have
15:41
come down, but they're still probably trading.
15:43
It's $0.70 on the dollar, $0.65 on the dollar.
15:47
Commercial real estate loans, right, that are going belly up,
15:51
but we haven't really felt that yet.
15:53
The banks have one job to protect your money #1 the
15:57
investments they made apparently were a little too risky.
16:00
So the reality is the banks overall, right, don't really
16:05
have the money to cover all the deposits.
16:09
And correct me if I'm wrong, but I think generally speaking, and
16:12
I'm not trying to cause any any any fear or but that's just a
16:16
mathematical reality, OK between commercial real estate and the
16:20
treasury market going down. OK, On top of that, you've got
16:24
the situation where not only can they not invest your money, but
16:29
they can't even keep up with the technology.
16:32
Keep the technology running to let you access what you
16:35
supposedly have. OK accounts wipe cleans.
16:39
That's remain question mark. He says this isn't a glitch.
16:43
Possibly it's a preview of an upcoming financial reset.
16:47
They're conditioning the public for negative interest rates,
16:49
digital currencies and total control over your wealth.
16:53
Get ready. The next major event will could
16:55
wipe out savings while the elites hedge in hard assets.
16:59
Your dollars are on borrowed time.
17:02
The wealth extraction continues. Now that's a pretty in my
17:05
opinion, and I respect Jim Willie.
17:07
I love Jim Willie. That's a pretty drastic, severe
17:11
statement. I don't know that I'd
17:13
necessarily agree 100% with everything he said, but nobody
17:16
agrees with 100% of anything anybody says.
17:19
Like you don't have to agree with me, right?
17:21
So I always encourage you to please leave comments in the
17:23
comments section. That's how we can learn.
17:25
But what he's proposing is, you know, are we getting set up?
17:30
Are we getting? Prepped.
17:31
Right for this move to, to CBDC, to central bank digital
17:38
currencies, when everything's electronic, I mean, we know
17:41
everything's moving electronic now anyway, right?
17:44
Major League Baseball games, NFL football games, you can't use
17:48
cash at Six Flags, at a lot of amusement parks, at a lot of big
17:52
places now you can't use cash. They're moving us towards this
17:57
electronic, all electronic, 100% electronic money system, which
18:04
could then easily be that morphed into a CBDC environment.
18:09
We know just last week, what did we hear?
18:13
Frightening, right? And this is frightening.
18:15
And I'll tell you the reason why, because we had news from
18:18
Israel that Prime Minister, President, whatever he is,
18:22
Netanyahu wanted to get rid of the 200 shekel bill.
18:27
That's the biggest, like one of the biggest bills in the Israeli
18:29
currency. But on top of that, wanted
18:32
everything to, wants everything to go electronic.
18:34
On top of that, wants to ban your ability, my ability, if
18:39
we're Israelis, which I'm not, you're likely not either, but do
18:43
ban the Israelis ability to hold physical silver and gold.
18:49
Excuse me, that's scary because I'll tell you what guys, we are
18:54
very closely related to the Israelis, especially when it
18:57
comes to banking, OK? So we'll see how that plays out.
19:01
From what I understand, it's been, it's met with been met
19:04
with a lot of opposition, but that's what they're trying to
19:07
do. But it's not just Bank of
19:13
America. What is going on, right?
19:15
We had major outages this week, right?
19:18
Some people are are are are speculating, I'll emphasize that
19:23
speculating that these could be hacks.
19:26
This could be cyber attacks going on.
19:28
OK, because then we had a major outage with Verizon and somewhat
19:34
and I can't it's hard to get the data, but also A to a certain
19:37
degree issues with AT and TI was getting like if you have kids in
19:41
school like I do, my kids are in middle school, my twins.
19:44
I was getting like like message after message.
19:47
I think it was yesterday from the school saying we're aware of
19:49
the AT&T outage, blah, blah, blah.
19:52
So Verizon and AT&T also had some serious issues.
19:56
And again, some people are speculating that this could have
20:00
been a cyber attack. Let's go to this article.
20:04
One of our favorite channels, one of our favorite news
20:07
sources, The Irish Star. We love Ireland, it says.
20:12
Verizon and AT&T outage sparks widespread fears of cyber attack
20:18
on the USA. People are concerned that the
20:21
outage might be something more sinister.
20:26
I don't know, right? I'll leave that to you.
20:28
Verizon suffering nationwide nationwide outage leaving
20:32
customers that this was Tuesday, I believe without phone service
20:36
or Internet. Verizon says users have made
20:39
reports indicating problems and it sparked fears of a cyber that
20:44
this could be a cyber deck. Is it coincidence?
20:47
Is it coincidence, right, that we've got Bank of America?
20:52
Imagine, I mean, I'm my parents have an account with Bank of
20:57
America. I don't, but I would be would
21:01
you be startled if you went to your ATM or if you logged into
21:04
your app, right, your electronic app and all your electronic
21:08
dollars showed gone right? But if you could even do that
21:13
because if you have a Verizon phone, you can't even connect to
21:16
the Internet. I mean, woo, think about where
21:20
this is going. Think about the potential and
21:23
what a big, big deal this is. I hear somebody walking around
21:27
upstairs. I don't know who it is.
21:29
Wonder if I wonder if there's somebody in the house because
21:32
I'm supposed to be here all by myself.
21:34
You're going to find out, I think, in just a few minutes,
21:36
OK. Hey, the porch strike is a
21:39
massive, massive deal, OK? The longshoremen, they've shut
21:43
down, What is it, 4045% of the freight coming into the country.
21:47
There's fears that medicine OK why is this a big deal?
21:52
Because certain medicines could get held up Now they could
21:55
probably fly those in with aeroplanes or hot air balloons
21:58
Maybe the Chinese will send them over and some of their spy
22:02
balloons Here, here's your weight loss drugs your high
22:05
blood pressure medicine Remember that?
22:08
Was that like a year ago? Wasn't that weird, you know?
22:11
Oh, the Chinese are sending spy balloons across.
22:14
Anyway, I digress. The port strike is a huge, huge
22:19
huge massive deal. Now there's shortages of toilet
22:23
paper. I'm hearing at Costco toilet
22:25
paper is not even made is made domestically in the United
22:28
States. I think our TP supply will be
22:31
just fine, but when 4045% of the of the international freight.
22:40
Oh, did you guys hear that Somebody's banging at the door?
22:43
Who is it? Oh, come on down.
22:48
I think we have a special guest, guys.
22:51
So when 40% of the we have a special guest, Oh my gosh, he's
22:57
back the one and only right? What a like a powerful figure
23:03
within the Hi Jay. Good morning.
23:05
Good morning, buddy. Grab a chair, pull up a powerful
23:08
figure, a well known figure within the precious metals
23:12
community. It's Jake from Jake's Custom
23:14
Parts, a moderator on the channel.
23:16
He's got a events lanchi Lanchi shirt shirt on.
23:20
Jake, welcome to the basement. Thanks, Ron.
23:22
It's good to see you buddy, how you been?
23:24
Doing great, good, good in the neighborhood.
23:26
You're in the neighborhood. Yeah, I think I think our friend
23:29
Jake here has been on a bit of a make sure you look at the camera
23:32
there, Jake, and smile for everybody.
23:34
He's been on a kind of a around the Midwest tour.
23:38
It's going to share some information with us about the,
23:42
but the 90% silver situation. I was just telling everybody
23:46
that this port strike, which I don't think it's getting enough
23:48
attention, is a really, really big, big deal right now and, and
23:54
could send some serious shockwaves through the US
23:56
economy. Yep, Scoot up, get by the
23:58
microphone. What do you any thoughts on
24:00
that? Any thoughts on on what you see
24:02
going on out there? Yeah, I think we could have.
24:06
People could have seen it coming.
24:07
But you know, if you have supplies and you'll be all right
24:11
if you don't have some, get some.
24:13
I told some of my friends, Maybe you want to get your Christmas
24:16
presents for your kids a little earlier.
24:19
You know, see how things work out.
24:20
Yeah, Yeah. So I'm hearing from a lot of
24:23
people that we could be facing a 90% silver shortage and you've
24:29
been out kind of visiting some coin shops over the last three
24:32
days in a number of different states.
24:34
Tell everybody what you're. Seeing out there when it comes
24:36
to 90% constitutional junk silver.
24:40
Yeah. So the last couple days I was in
24:43
Evansville IN down South and two of the LCS as I called were out
24:49
of junk. One said they did.
24:51
And then when I showed up there was two or three Dimes and a
24:55
couple quarters. Most of them were slicks.
24:57
So I passed on those. Did find one shop that had some
25:02
but from what I hear from friends and people trying to get
25:05
a hold of it and look in its not too much availability right now.
25:09
But I'm going to be bouncing around Missouri and Illinois, so
25:14
I'll see what those LCSS can provide.
25:16
Yeah, I think. It's, I think it's important for
25:18
us to remember that they aren't making any more of this 90%
25:23
silver. And as it is as it and I think
25:26
it's also interesting to remember that the last time we
25:31
had any type of run on silver in the country, the last time we
25:34
had a little miniature financial crisis, the banking situation
25:38
about 16 months ago, you couldn't find 90% silver.
25:42
Yeah, they had those issues in 1980 and 2011.
25:46
We all know once Silver started going up, they were melting tons
25:51
of it. And so other channels have done
25:54
interviews and and videos on it, but they've melted down a lot.
25:59
I think other channels have reported lately that people are
26:02
going back to melting 90% silver again.
26:05
So yeah, if you need to get some, you know, try and get you
26:09
some. If you have some, keep it
26:10
organized and stocked. I think it could be a Canary in
26:14
a coal mine. You know, the first sign that
26:17
that that that we could be heading toward potential.
26:20
And I know Coin shop Chris, a few weeks ago when I talked with
26:23
him, I said there's stress in the market and that 90% silver
26:27
market, I said I won't call it a shortage.
26:30
And he said I'll call it a shortage.
26:31
And he's a guy who's out there trying to, trying to and working
26:35
on sourcing 90% every day. It feels like from what I'm
26:39
hearing at the local coin shop level that whatever 90% they do
26:43
get in, they're kind of hoarding it because they know that they
26:46
can pretty much sell it immediately.
26:49
Yeah. So as as the spot price goes up
26:54
and and the premiums on junk silver, it'll start flowing back
26:58
into the system a little bit. But those be the people selling
27:02
and it'll be you'll be paying a lot more for it.
27:05
So people that haven't purchased any in the last couple years or,
27:10
you know, recently, the premiums are only going to climb.
27:12
Yeah, yeah, I can't. I can't believe this.
27:14
We have Jake from Jake's Custom Parts here in the basement.
27:17
He's a moderator on the channel. Thank you, Jake, for everything
27:21
you do. Also thanks to Annie Oakley, Big
27:24
10, The Silvershire, and of course the lovely Silver Susie
27:27
for being here as being with us as well, helping out with the
27:31
channel. I got to ask you, Jake, cuz I
27:33
know I hear from you from time to time about this.
27:36
We had news, was it yesterday that Bank of America was having
27:40
major issues. People were, were going online,
27:44
their accounts were showing a 0 balance.
27:47
What do you make of that? Is that a, is that a, a, another
27:50
Canary in the coal mine as the what's to come?
27:52
And it's kind of the fear of, I mean, to me.
27:55
And the one thing it shows is if you store all your money
27:59
electronically, right, and you don't hold it in your hand, it
28:04
it can go bye bye. Pretty easily.
28:08
Yeah, it seems to be lately, the last couple years we've seen a
28:12
lot of those glitches that they call.
28:14
A few months ago we had the what was it?
28:18
The automotive industry had that hack with their paychecks and
28:21
dealerships and my son-in-law was involved with it.
28:24
I posted it on X and and so people forget because every few
28:29
weeks or few months some new shiny object and that.
28:32
But you know, when the banks start having those glitches and
28:36
people waited all day yesterday for Bank of America to come out
28:39
with a public statement, you didn't hear nothing.
28:41
Crickets. They can't make up their mind.
28:43
Microsoft was supposed done in an update on the airlines,
28:47
supposed to be nothing. And then flights were down.
28:50
And you know, so a little computer glitch can shut down.
28:53
All this, I believe, is just a setup for what's coming after
28:57
the election or right before it. It's just going to get crazier.
29:00
Andy's mentioned it before. As we get closer to the election
29:04
and closer to the end of the year, things are going to start
29:07
getting a lot crazier. Yeah, I forgot about the auto
29:10
dealership thing. That was a huge deal.
29:12
It was like half the auto dealerships.
29:14
And I had friends that work at car dealerships, one of them in
29:17
a Toyota dealership here in Saint Louis, and he was like,
29:20
man, he's like, we gotta do everything is written out by
29:24
hand on paper. We forget about that.
29:26
Here's what I find hilarious, though, Jake, is that Bank of
29:30
America did come out with a statement.
29:33
I just read on. They said that they've nearly.
29:36
Nearly fixed the problem quote. UN quote.
29:38
Today they came out. Nearly.
29:39
Yeah, but nearly. And so I'm thinking, I wonder
29:43
how they would appreciate if, if, if somebody owed them a
29:45
mortgage payment or a credit card payment.
29:47
They said to Bank of America, I nearly made the payment.
29:51
I just didn't quite make it all the way.
29:53
Yeah, funny enough, I posted on Twitter the last weekend I went
29:57
to go visit my parents in a small town in Texas.
30:00
And my mom and dad walked up to the bank and there's posted
30:04
letters, statements on the front doors, on the ATM.
30:08
No more cashier's checks. You got to make appointments for
30:11
cash withdrawals. And, and, you know, mom and dad
30:15
were surprised they're calling me.
30:17
Yeah. That's why I tell people, in my
30:19
opinion is get the, get the, if you got extra cash, you know,
30:24
keep it at keep it at your house.
30:26
And, and you know, I always tell my kids, go with the guarantee.
30:29
And if you have your cash in hand, you can do with what you
30:32
need to if you know, get you by for a few weeks or a few months
30:35
or something. But if it's locked in the bank
30:38
and you can't get a hold of it, one day we'll see, you know,
30:41
bank collapses or or more that are actually happening.
30:44
Yeah, I, I have an acquaintance who's in his 80s and he's a Bank
30:49
of America customer And, and I've heard the same thing from
30:54
this person over and over. It's just feels like, and I'm
30:58
not bashing now, I'm not, I'm not here to bash Bank of
31:00
America. I think it's all the big banks,
31:01
but they're like, like the, the services that they provide are
31:06
just being shrunk and shrunk and shrunk.
31:07
And like older people like to go into the bank and go see a
31:11
teller and it feels like it's completely moving away from
31:15
that. The branches aren't, aren't, you
31:16
know, aren't as accessible, I guess is a good way to say it.
31:20
And you like my bank is right across the street from my house
31:23
and it's a we got 6 branches. Yes, I keep some money in a bank
31:27
because I have to pay bills and everything else.
31:29
But I can go in there. There's tellers, I know the bank
31:31
president. I think it's a world of
31:34
difference from what people are now experiencing with the big
31:37
mega banks, which is get everything electronic, very
31:41
little human interaction. And we see what that can lead to
31:45
on days like yesterday when these big banks have glitches
31:49
that they've nearly nearly fixed at this point.
31:52
So it's gonna be an interesting development.
31:54
Let's. Talk about You and I were
31:56
chatting the other day about what's going on with Costco.
32:00
Costco is now selling not just gold, not just silver, but also
32:05
platinum. Any thoughts on that and, and,
32:08
and what the implications could be, why that's such a big deal
32:13
and what it could mean for the for the precious metals
32:15
community? Yeah, lots of comments actually.
32:18
I think it's a great thing you can tell that that Costco is
32:23
only in it for the money. Let's just be be frank.
32:27
If they couldn't make, you know, turn around and sell and know,
32:29
you know, they wouldn't get into it if they weren't going to make
32:31
money. But two, it introduces to the
32:35
world, the United States that now Costco sells gold and silver
32:39
and you know, and it's waking people up and it's showing, you
32:43
know, that there are alternatives and whether or not,
32:46
you know, people would. So it's, I mean, I know they're
32:48
limited to two bars a day and they're sold out quite often.
32:51
But I mentioned to a friend of mine the other day, if you
32:54
wanted to get some, go get you a bar too and try it out.
32:58
And if you like it, but you know, if you're interested in
33:00
bigger purchases and, and better quality stuff, give me a holler
33:04
and I'll hook you guys up, hook anybody up with connections and
33:08
stuff. We can, you know, you help out
33:11
everybody. You know, I think that's a
33:12
critical thing to remember about this Costco situation.
33:15
Selling gold, selling silver, selling platinum.
33:18
People trust Costco. That's my, I've never stepped
33:22
foot in a Costco. A lot of my neighbors do.
33:24
I live in a middle, upper middle ish class area.
33:27
They all go to Costco, right? They trust Costco.
33:30
They're like religious about Costco.
33:32
So the fact that Costco is selling gold, silver, and now
33:36
platinum, it really does serve to legitimize precious metals in
33:42
the eyes of a lot of people who really trust, really trust
33:46
Costco. And I think I want to use this
33:48
term. It's almost another big reason
33:50
why it's so important. It's like a gateway.
33:52
It's introducing millions and millions of new people to
33:57
precious metals. It legitimizes it, but it's also
34:00
a gateway. And like you said, right,
34:02
somebody might buy a bar or two of gold or silver.
34:04
But I think that that that eventually what they'll learn is
34:07
that that they really want to buy big amounts of gold or
34:10
silver. They're going to want to go to a
34:12
specialist. And that gives me a great
34:13
opportunity to say thank you to my channel sponsor.
34:17
Can you scoot over for one second?
34:20
Where is it? There we go, Pimbex Pi MB EX.
34:24
They are a specialist. They don't sell pancake mix,
34:28
they don't sell toilet paper. They sell gold, silver and
34:31
platinum group metals. And we're happy that Costco is
34:33
selling it. But if you want to work with a
34:35
specialist and you want to work with a company, it's got great
34:38
selection, great service and in my experience, almost unbeatable
34:43
ultra competitive pricing and you want to buy it volume or
34:48
even small amounts, please support channel sponsor Pimbex
34:52
Pi MB EX. And what do you say, Jake, that
34:54
we run out the Pimbex and do an update on the silver and gold
34:57
price because earlier? But can you hand me the cowbell
35:00
because we have 200. Hey, this is OK Jake's going to
35:05
ring the cowbell for the basement dwellers.
35:07
A sign of. Go ahead, you.
35:09
Want to hold your ears? Yeah.
35:18
For 200 thumbs up. Thank you, Jake.
35:19
That was that was awesome. All right, let's go out.
35:22
Let's. Go out to bring everybody on a
35:24
little field trip. So earlier when we pulled this
35:26
up, silver was down $0.33 and gold was down $13.
35:31
That that little triangle right there is the magic button I'm
35:35
going to. Press it now.
35:36
It could be up, could be down, but we are all right.
35:39
Silver's only down $0.04 and gold down $7.00 per oz.
35:44
So we're moving in the right direction.
35:46
You know, maybe we'll come back here and check it one more time
35:48
and see if we can get a green by the end of the live stream.
35:51
Sure. What do you say?
35:52
OK, so we covered that Costco situation again.
35:58
I just, I'm super excited about it because it, I think it does
36:01
legitimize what we're doing, you know, and.
36:05
Yeah, and, and, and also opens up the doors for women normally
36:08
stackers or men, but lately the last few years, a lot of smart
36:13
women are buying, stacking, doing it with or without their
36:16
husband's supports explaining to them.
36:19
And, and like I said, people trust it and there's Costco's
36:22
everywhere. And if people are stacking and
36:24
getting it and doing it for the right reasons, it'll work out
36:28
great. But keep in mind Costco does not
36:31
buy back any of the metals that you purchase.
36:33
So if you get in a bind and you need to go, you know you better
36:37
find you and LCS or you better have some cool phone numbers on
36:41
your cell phone. Yep, Yep, Yep.
36:43
Nope, Nope. AB Absolutely.
36:45
It's it's it's an interesting situation that's developing.
36:49
Jake brought me this. I want to say thank you.
36:51
Right. One of my favorites, A Morgan.
36:55
Absolutely. See if I can get it to focus.
36:57
There it is. Wow, thank.
36:59
You, Jake for that, OK, And I've got a little silver for Jake
37:02
before he leaves here as well. It's going to be interesting
37:06
tomorrow what transpires with this employment number.
37:11
You know, I think we could have a little bump in the road, but
37:13
what are your thoughts in general about the silver price
37:16
you, you shared with me previously kind of a, an idea
37:21
you had as to where silver could be going by the end of the year.
37:24
Want to share that with the audience?
37:25
Yeah, I, I know people don't like to give predictions, but I
37:28
will. I think, I think silver's going
37:31
to do 80 on that bear by the end of the year.
37:33
I think we got bricks coming up. Every time you see him try and
37:37
slam silver down and gold, it bounces back up pretty quick.
37:42
Not too much price action lately on the Shanghai, but eventually
37:45
it's coming. You know, it's just a matter of
37:48
whether it happens or not. I'm excited to see just see the
37:53
metals move up for the people that have purchased it maybe in
37:56
the last couple years. But there's a lot of the guys in
37:59
the chat that I know that have been stacking for a year.
38:02
So, you know, most people don't complain, but I'm happy to see
38:05
it. I think gold's going to be 3000
38:09
here pretty quick, if not right before bricks.
38:12
It's be hard to believe that gold won't do 3 before the 22nd.
38:17
I mean, it just keeps, you know, 50.
38:19
Was it $5080 jumps every few days?
38:22
And like Andy said, it's just it's going to happen.
38:25
I'm excited. Yeah, the future looks bright
38:27
for for gold and silver and, you know, it, it, it I think with
38:31
the Fed cutting, cutting rates, the Fed in my opinion, facing no
38:37
other alternative as we move into the coming like months,
38:41
quarters and years to eventually print more money.
38:45
I mean, you know, there's really no other way out.
38:47
And some people are even saying that that that Fed rate cut, I
38:51
found this very interesting. Like, what's the reason?
38:54
What's the real reason why the Fed cut rates by half a percent?
38:57
Because supposedly we're not in a recession, right?
39:00
And in the past, the only time the Fed cut rates is if we're.
39:03
So are we in a recession #1 But there's also another theory
39:09
going around that the Fed actually cut rates by .5%
39:13
because they're, they're facing this reality that with all the
39:16
debt that our country has, our interest expense is exploding.
39:20
So they need to artificially keep the rates low just so the
39:24
United States government can continue to pay this.
39:27
What now is. And it's, you know, we'll run
39:29
out to the US debt clock, but it's, you know, almost a
39:32
trillion dollars a year that we're spending on interest
39:35
expense alone. There's a lot of missing or a
39:38
lot of moving parts to all this. But, you know, people forget
39:43
that England and the other currencies around the world are
39:46
based upon the US dollar. You know, kind of as we go up
39:49
and down, they do. Japan's having issues on and off
39:52
the last couple months. The Japanese yen carry trade.
39:56
I mean, it's just, you know, interest rates, inflation here
39:59
in the United States. You know, it's kind of hard to
40:01
piece it all together. But that's why I watch Ron's
40:05
basement. You know, we got our friends
40:08
Chris and you are at Arcadia Economics and Professor Vinny at
40:12
VBLS Ghost baby on that X. It's just these guys punch out
40:17
the information as quickly as possible and you can read it.
40:21
And and that's how we're learning what's going on.
40:25
Because I think 10 years ago, stackers didn't have a clue.
40:28
You know, it was up and down and the videos were like, look at my
40:31
new dime and look at everybody's past, all that we've all seen
40:35
all the coins and all that. Now we need information on the
40:38
markets and what truths and what's going on.
40:40
That's that's what I think. Yep, Yep, Yep.
40:42
And you know, when it comes to silver, I think it's important
40:45
to point out as well that we're, we're we're seeing silver hit
40:48
all time highs and a number of foreign currencies.
40:52
But what's the reason why that's so important to to recognize is
40:56
because we saw the exact same thing occur with gold last year.
41:01
Gold last year was hitting record all time highs in the
41:04
Canadians dollar, in China, all over the place, everywhere
41:08
except the United States. And then eventually the United
41:12
States caught up. Silver is kind of exhibiting the
41:16
same behavior. And it's it's it's, there's
41:18
another reason why it's so exciting really.
41:21
Silver's exhibiting the same behavior.
41:23
Now we're in a number of foreign currency.
41:25
Silver's hitting an all time high, but it's also doing that
41:30
at a time when the gold to silver ratio.
41:33
Is at all time high. And when, if, if we get kind of
41:37
that double wave of silver catching up in dollar terms plus
41:41
a compression of the gold to silver ratio, now we could see
41:45
some, we could see, you know, $80.00 silver, $50 silver, 60,
41:51
whatever it is. But let's just say.
41:53
Much higher silver than what we have right now.
41:56
Yeah. And you also hear on these
41:58
channels and phone calls and stuff that the Southern
42:01
sovereign wealth funds are moving in, the big players, you
42:05
know, the guys I know, or they're getting bigger
42:07
purchases, not as many smaller purchases, but now they're
42:13
getting bigger and more often. And, you know, when you're
42:16
talking $500 million all day, every day, it's so great to see
42:20
that people are starting to wake up and purchase some precious
42:24
metals. You know, what do we hear those
42:26
guys saying two weeks ago that every portfolio should have at
42:29
least 10%? Yeah.
42:31
And when you try to explain to somebody the 10% of your
42:35
portfolio and they do the math and it finds out whatever 10%
42:38
is, Oh my God, I'm not doing 10. Yeah, OK.
42:42
You know. You brought up a great point and
42:44
I think it's it's something that we need to as, as, as gold and
42:48
silver and even precious metal mining stock investors what we
42:51
need to remember, OK. And the world central banks are
42:56
still net buyers of gold. They slowed down a little bit,
43:00
but the trend is they are moving to gold.
43:03
They're the smartest people in the room.
43:04
They're they're the ones that have all the inside information.
43:07
The other group that you brought up that that, and then there's a
43:12
reason why this is so important. Are the wealthy the wealthy are
43:16
moving to physical gold, like Jim Willie said, I pulled that
43:20
up earlier, right. The wealthy are moving to gold
43:23
and silver and and that's a big deal because they're also, you
43:27
know, they're right up there with the world central banks,
43:30
right when the, when the, you know, and you hear about these
43:33
Ray Dalios and all, all these top billionaire people are
43:38
talking about and they're moving to gold.
43:40
And then you've got, you've got. You, you, you.
43:44
You've got the financial situation, the fiscal situation
43:47
in our country, and the top people are warning about that.
43:50
I mean, even Jerome Powell at the Federal Reserve is warned
43:54
against the US national debt. You know, Janet Yellen has
43:57
mentioned it, but you've got again, guys like Ray Dalio.
44:03
Stanley Druckenmiller, thank you.
44:08
Jeffrey Gunlock, Paul Paulson. Paul, all these people are
44:11
saying. Woo, we've got big.
44:14
Problems. I have almost said a bad word.
44:16
Big. I'll leave a pause problems in
44:19
this country and then so and then we'll we'll come back.
44:22
That's that, that. That's the reason why the world
44:26
central banks are buying precious metals.
44:29
That's the reason why the world's wealthy are buying
44:32
precious. Metals, right?
44:34
And that's maybe even the reason why.
44:38
And look, I don't go to Costco, but my sense from knowing my
44:42
neighbors that do like they're a lot, they're, they're smart
44:44
people. That smart people are even
44:46
starting to buy silver and gold, like the, the gold, the, the
44:49
precious metals fever is just starting to catch on.
44:52
I'll tell you what I think the reason, the reason why it's
44:55
really going to take off. And that is that is when this
45:00
next wave of inflation hits US because your average American
45:06
went through that 2022 inflation, which officially was
45:10
at 9%, but most people unofficially say 191220 whatever
45:15
huge, right? I mean, we, we remember, don't
45:18
we guys, you know, going to the grocery store in that bag of
45:21
tortilla chips that cost $1.50 in 2000 suddenly cost $3.
45:27
I mean, a lot of stuff doubled in price, right?
45:29
And people were like, freaked out.
45:31
No, man. And it's kind of abated.
45:33
A little bit. You know, we've kind of
45:35
stabilized this next wave of inflation that hits.
45:39
I think it's that old fool me once, shame on you, fool me
45:42
twice, shame on me, people. Are.
45:44
Really like, you know, can I make my sheep noise?
45:49
Right, the sheep pole out there. Get them.
45:51
Guys in the chat. Yeah, that when they wake up,
45:55
right. And it's not.
45:55
We were talking about this earlier, OK, Yeah, so Jake and I
45:59
lied. I knew he was at the house, but
46:00
anyway, that's our only lie so. Far we were, we were, we were
46:06
talking, we were talking about it earlier, guys.
46:08
It's just it's it's and I get. Frustrated because I think most
46:13
people don't really understand like we are small, right?
46:18
We are, we are 1% of the people, right?
46:21
And when this next wave of people.
46:24
But the advantage, the silver lining to being small is it's
46:28
just going to take a little bit a few people joining us and all
46:32
the silver's going to be gone. All the gold's going to be gone.
46:35
Costco's going to say sorry, we're sold out.
46:37
Right. The big online bullion dealers
46:40
will say, well it'll take 8 weeks for us to ship an order to
46:42
you, that we could be in for some really, really great times.
46:46
Yeah, I want to make a comment if if y'all read Substack.
46:52
If you can take a look at Professor Vinny's gold gold fix
46:55
on Substack. He was the first.
46:57
I mean, he breaks a lot of new news before anybody else, but
47:00
last week on a e-mail I got from him, a pension fund in
47:06
Switzerland and a pension fund in Ireland were buying gold.
47:11
And so when you start seeing the the slow shift and then you're
47:15
hearing about it, and then you'll find out a few weeks
47:17
later they'll be pensions in the United States.
47:19
We'll watch Zero Hedge for articles.
47:22
But when you see these guys pumping out the info and you're
47:25
here, you see, you get to see it first and hear about it with
47:29
explanations and all. As long as we all stick together
47:32
and everybody's sharing information, we're all going to
47:35
be on the right track. And then when everything
47:37
implodes like they did in 2008, nobody saw it coming.
47:40
Yeah, nobody listen to Peter Schiff either.
47:42
But we got a bunch of great guys out there and that's all you
47:45
know, You just, you can't go wrong with these guys.
47:47
So that's what I tell people. I tell my mom.
47:50
It's like a every time I go to a poker game, I'm holding 4 aces.
47:54
Even James Bond can't beat me at poker with with these guys.
47:57
We got on our team with Andy and Chris and and Vinny and you
48:02
know, Jordan, Yeah, Jordan at Daily Gold.
48:05
My God, he's awesome. So, so we've got central banks
48:08
buying gold, we have wealthy people buying gold.
48:11
You brought up something else. Pension funds buying gold,
48:14
sovereign funds buying gold. We've got the basement dweller
48:17
community, though, the silver and gold community at large
48:19
buying gold. And then we've got the Costco
48:22
crowd who's just starting to show, show up.
48:24
I mean, it sure, it feels, it feels very, very interesting.
48:28
What's what's developing right now?
48:30
Go ahead. Yeah, I'm happy that that people
48:33
are able to wake up and look. And I think that's one of the
48:36
biggest, one of the biggest scams we've had in the United
48:40
States the last 100 years is what they've done to the dollar.
48:44
They've taken the silver and the gold or what used to be real
48:46
money back by money and all that.
48:49
You know, when you got to try to explain to 60 and 80 year old
48:53
guys, My dad has friends and stuff.
48:56
Some people understand, some don't.
48:57
When a quarter was $0.25 and they'd buy him a, a thing, a
49:02
gallon of gas. And you know, if you hold four
49:04
quarters now it's they, they don't remember.
49:08
They don't remember, they don't know, they didn't hear about it.
49:11
Nobody told them. You know what, a silver quarter
49:13
before 1964, earlier on the Dimes and quarters and half, you
49:18
know, it was money, it was in our pockets.
49:19
But you know, people are starting to understand now it's
49:22
just going to take a whole lot longer to get more people to
49:26
wake up. But I think Costco is helping
49:28
them, you know, and then once they investigate and do a little
49:31
bit of a, a gold eagle, a silver eagle, a platinum bar, whatever
49:35
it is, the most smart, smarter people will investigate just a
49:38
little bit more to find out that, you know, hey, probably.
49:41
So, so this, this 1958 quarter in 1958 probably bought a couple
49:49
gallons of gasoline, right? This same 1958 quarter, if you
49:54
take it to your local coin shop and convert it into paper money,
49:59
will still buy you a couple gallons of gasoline, right?
50:02
Especially in Texas, gas is only two 5250 a gallon.
50:06
So I'm guaranteed to get 2 gallons of gas in Texas.
50:09
This 1996 quarter will buy you. About a a 10th of a gallon of
50:16
gasoline, right. So the silver prevails.
50:18
No, no, no, no doubt about it. It's just I want to show a
50:24
couple of pictures real quick was we talked about This is why
50:26
the wealthy. I love this and I agree.
50:29
I got this from from the Silver Academy.
50:36
OK, this bag can carry 600 gold oz.
50:40
A Gucci purse, OK can carry 601 oz gold coins weighs about £40.
50:46
That equals 22,000 barrels of oil.
50:50
That's why the wealthy are buying gold right now, right?
50:53
Because they don't. They would rather have a Gucci
50:56
purse full of 600 ounces of gold.
50:58
Real easy to store, real easy to move, right?
51:01
40 lbs is heavy, but you can move it.
51:04
About 22,000 barrels of oil becomes a bit cumbersome.
51:07
Yeah, and gold and silver is energy.
51:10
Once you have that coin in your hand or the bar or whatever,
51:13
it's a form of energy. You hold it, you have it.
51:16
You know, no third party risk. We all know the routine.
51:19
It's it's it's good stuff. That's why people like to hold
51:22
as much as possible. Yeah, yeah, yeah, yeah.
51:25
And let's see, what else do we have to look at here?
51:28
There was one more I wanted to show.
51:31
Oh, this one all right. I think it's just critical.
51:33
This came from me. I was a picture sent to me from
51:37
one of the big major bike investment conferences lately
51:42
from a contact of mine who was invited to this conference, and
51:46
I think this says it all. Gold the.
51:48
Return of the King. All right, bull markets are born
51:51
on pessimism. We went through a period of
51:53
pessimism the last 2-3 years for the gold and silver market right
51:57
now. And that's why it's highlighted
51:58
in yellow. They grow on skepticism and
52:02
that's the truth, right? Like everybody's still a little
52:05
skeptical. Things are just starting to
52:07
percolate, but we got a long way to go because they're, you know,
52:10
next is, you know, we get through that skepticism will
52:14
mature on some optimism and they die on euphoria.
52:18
So we are really still in the beginning phases of what of
52:23
what's going on. That was billed back better as
52:26
beer. That's Bidenomics as a swing
52:28
set. Yeah, I sent that one to my mom.
52:29
She liked it. Yeah, Big lack.
52:32
We got credit card debt. There was one more I wanted to
52:34
show here. We're going to work our way
52:36
there that here. Let's talk about silver quickly
52:39
and then and then we've got one one more thing to show you guys
52:43
as well. But this compares the Hui index,
52:48
the gold, the gold miner index to the Dow Jones Industrial
52:52
Average, just to show how beaten down the entire gold sector has
52:56
been. We're at .00. 8 Right now the.
53:00
Lower this ratio goes, the more undervalued the big gold miners
53:04
are in the big gold miners. Are a big.
53:07
Proxy for what goes on in the overall silver and gold, even
53:12
the physical markets, if we go back to just let's say 2011, it
53:17
was at like point O 55, that would be like a six times
53:22
increase from where we are now. So we still have a long, long
53:26
way to run when it comes to this bull market and silver and gold.
53:31
Yeah, I'd like to give a short out a shout out to Jordan Roy
53:35
Byrne on the Daily GOAT. If you subscribe to his premium,
53:40
he does all minors producers and what he does, he shows a a print
53:45
out of his investments over the period of a few years, whatever,
53:49
and it shows how much the the stocks have grown.
53:51
And so you can get with Jordan and e-mail him and talk to him
53:54
and he's great with minors. One of my favorites.
53:58
I mean, I can't think of anybody better on charts and and but
54:01
that's one of his specialties and you know, for everybody
54:05
that's hadn't minor stocks and stuff.
54:08
Good luck. I hope everybody does great here
54:10
shortly. Yeah, Jordan, Roy Byrne and it's
54:12
the daily gold, right. He was a guest here in the
54:15
basement. Actually I reached out to him
54:18
last week. He is going to come back here
54:20
and be a guest again. Enron's basement.
54:22
Yeah. He wanted to wait until the
54:23
quarterly close because the end of the quarter numbers came in
54:28
for the gold and silver and the and the miners obviously as
54:31
well, because that allows him to kind of recalibrate, I guess,
54:34
and recalculate. He does some magical stuff, so I
54:37
have no idea, but you know, when it comes to technical analysis
54:39
and what? Yeah, here's one super smart
54:41
cookie telling you that right there.
54:43
Sharp. Sharp as a wit.
54:44
Yep, Yep. Let's let's show this one real
54:47
quick. We talked about the debt
54:48
earlier. I think this also says it all,
54:50
gold and debt. This is a chart showing the US
54:55
public debt, right? Since.
54:58
What 1971, right? That's the black line and go
55:03
there's the gold price. So as we look and what's what's,
55:06
what's important for us to see on this chart is the fact that
55:10
what it clearly demonstrates is that as the US debt has gone up
55:14
and up and up, oh, coincidentally, so has the price
55:17
of gold and silver for that matter.
55:20
And there is no doubt, all right, we got to do it, Jake.
55:23
There's no doubt that the US debt is only going to only going
55:27
to go higher, Guys, let's just go check to make sure that that
55:31
nothing's changed. You never know, Washington
55:34
overnight they may have. They may have come to their
55:37
senses and paid off the US debt, but.
55:39
Let's go. Let's just go check it out here.
55:42
Let me give a shout out to Annie, our super mod.
55:46
Thanks for all your help. Yes, Annie Oakley.
55:48
The one and only Annie Oakley. Yeah, Annie Oakley for the win.
55:52
Wow, did this just jump a lot? 35 trillion 600?
55:56
Wasn't it just 36 trillion 400 yesterday?
56:00
I thought it was moving quicker. That's our debt.
56:03
OK. Remember as this goes up
56:05
according to that chart that we just looked at.
56:07
I'm going to go back and pull it up one more time.
56:11
Right, as the debt goes up, the black line, the gold line goes
56:15
up and that's the gold price and that's the silver price.
56:18
And it is just absolutely exploding since we're here.
56:21
So as this goes to 40 trillion. 50 trillion, you know, and, and
56:27
this has been right, like what happens if we have another big
56:29
financial crisis? What happens if the the wars,
56:33
God forbid wars escalate? You know, even under the best of
56:37
circumstances, this number is only going to continue to
56:41
skyrocket because this number makes this number get bigger,
56:46
right? The interest and the interest
56:47
expense makes the budget deficit get bigger, which goes to there,
56:51
and then it just turns into a big.
56:53
A big doom loop but let's go look since we're here at this
56:58
dollar okay we're approaching the dollar to silver ratio now
57:01
it's 691 it goes up every day yes folks for each one ounce of
57:07
silver that's produced on an annual basis throughout the
57:10
world for each one ounce that's. Produced the US government is
57:15
increasing the M2 money supply, the dollar supply by $691.00.
57:21
We promised a big party when when we hit 700, a big funeral
57:26
maybe, maybe, maybe better. So Jake, you're not selling
57:30
anything to us, but you did have a a fundraiser.
57:34
I think you're going to be heading up to is it Peoria
57:36
tonight? OK, let me pull that up on the
57:38
screen. If anybody wants to donate or be
57:41
part of this, tell us quickly about what this is.
57:43
Going on if if any of the basement dwellers or anybody's
57:46
around Peoria, IL, we're going to be there Friday night, Clint
57:51
Westwood's doing a a shout out and a fundraiser for the local
57:56
high school team, high school players and athletes.
58:00
You know, they're doing fundraisers for I guess for
58:02
college and it's going to be a meet up of stackers and crypto
58:07
people. So we get to go visits all like
58:10
minded people. I'm actually going to meet the
58:14
Rand here in a few hours. We're going to head up there and
58:17
there's other people that we're going to meet and other
58:19
Youtubers that you know, or may not know, but we're going to
58:23
hang out and and looks like we're going to be eating rib
58:25
eyes and and, you know, donating a fundraiser for for kids.
58:30
Yeah, for high school kids. So if you can come by, it's
58:34
open, it's on Clint's website, clintwestwood.com, or you can
58:40
check him out on X. If you guys want to show up, you
58:42
see me there, introduce yourself, say hi, I'll buy you a
58:44
steak. Guaranteed.
58:46
Sounds sounds good. And I want to point out
58:49
something. Jake's not here selling
58:51
anything, right? I didn't hear I didn't hear you,
58:53
you no, no commissions, no anything.
58:56
Everything he shared with you today is, is from his heart.
58:59
And Jake is a, a well known figure within the silver and
59:04
gold community. Andy Scheckman loves him.
59:06
Chris Marquez loves him. I love him.
59:09
A lot of people and a lot more people do.
59:11
And you're, you're always out there and always super
59:14
supportive to, to, to the to the content creator community and I
59:19
think to a lot of other people. I know you're a great dad and,
59:22
and it's a it's a big deal to me.
59:24
You do a lot for Ron's basement. He's a super moderator.
59:28
So is Annie Oakley, so is big time.
59:29
So is Susie, my lovely wife who's at her mother's house this
59:34
morning. So it's just me and Jake.
59:35
It's like boys, boys day here in the basement.
59:38
But, but thank you for all you do because it it is a big deal.
59:41
I do want to say thank you to our other channel sponsors.
59:45
Oh boy, I'm in the way. Hold on here.
59:47
I mean, how do I do this? This way?
59:49
Nope, this way. Here we go.
59:51
Hi, that'll work. First mining gold.
59:54
Canadian gold developer with two multi million ounce projects in
59:58
Canada and Fortuna Mining. OK.
1:00:01
They're an operating silver and gold mining company with
1:00:05
operations in Latin America and West Africa.
1:00:08
What did I forget, Jake? Anything, anything I forgot to
1:00:12
do here? I want to say thank you to our
1:00:14
community. We've had 750 people joining us.
1:00:17
That's a big deal. You're very popular and you'd
1:00:21
have you back here more often. But really, you know, do do I do
1:00:25
a good job conveying that to our audience that like, it's not me,
1:00:30
right? Like I do this.
1:00:32
But really it, I always feel like they are all down here with
1:00:36
us that like we're a group and or a club and that really
1:00:40
everybody's welcome. I mean, unless somebody's a real
1:00:42
jerk, which rarely, rarely happens, that we got a good
1:00:47
group of people and that I hope the people feel like they belong
1:00:50
and and that they participate in the in the chat because we don't
1:00:55
have to agree with each other on everything, right?
1:00:57
And yeah, is that do I do a good job telling people?
1:01:02
That, yeah, you do. But it's almost time for pizza,
1:01:05
so let's go get some lunch. All right.
1:01:07
See you guys. Thanks for being here.
1:01:09
Appreciate it everyone. Thank you.
1:01:10
We'll see you soon. Bye bye.