Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ✋ SILVER - This SIGN is SHOCKING 💥 1% of THIS Company Can DOUBLE Silver Price!

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✋ SILVER - This SIGN is SHOCKING 💥 1% of THIS Company Can DOUBLE Silver Price! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:02
Your silver and gold confiscated.
0:05
We're going to cover that in this video.
0:07
Our silver and gold on the road to confiscation.
0:12
Hey, gold has been ripping to all time highs.
0:16
What about silver? Are we ready for an all time
0:18
high in silver? We're going to look at some data
0:21
that is absolutely astounding, which will give us some clear
0:25
clues, some clear reasons why we can know that right now.
0:29
Even at $3132.00 silver, silver is crazy undervalued.
0:35
Thank you for being here today. Thanks for being part of the
0:38
basement. This is not possible without you
0:42
first and foremost. So thank you for being here.
0:44
You're welcome here. You're part of the club, you're
0:46
accepted, you are part of the group.
0:51
There's no other way to say it. Please subscribe to the channel,
0:53
give the video a thumbs up. Super chat super thanks are
0:57
always super appreciated But let's dive into some crazy I
1:01
mean just absolutely crazy data regarding the silver market.
1:06
We're going to come back to that chart, but this comes from the
1:09
silver Academy. They're telling us that the
1:11
there's a crypto conundrum is it diverting funds from essential
1:18
silver investment? The crypto mark crypto market
1:21
cap is over 100 times larger than all the silver miners
1:26
combined. I want you to think about that
1:29
and we're, and we're going to show you why that could easily
1:32
double the price of silver, easily double, triple the price
1:37
of the silver mining stocks. But this was a great summary
1:40
about silver, a great review for us.
1:44
A warm and fuzzy, if you will. Silver entering its fifth year
1:49
of supply deficit. No new silver deposits are being
1:54
found. Silver's essential for over
1:56
20,000 applications. Crypto.
2:00
I'm not bashing crypto, just stating some facts.
2:03
Has never been through a recession.
2:05
Crypto could be wiped out by an electromagnetic pulse.
2:09
Those are those crazy weapons. Could be hacked, whatever.
2:13
All computing has built in obsolescence.
2:15
You know I was thinking about this earlier.
2:17
Like all technology is great, right?
2:21
And I know it's the future now, but it's also temporary.
2:25
Think about like 20 years ago, right?
2:27
I had a IBMPC junior. I mean, think how fast
2:31
technology changes and couldn't that impact crypto is, well, I'm
2:35
just saying I'm not an anti crypto guy.
2:38
I'm just kind of pointing that out.
2:39
Does that does that make sense to you All Computing has built
2:44
in obsolescence. Quantum computing could
2:46
compromise the blockchain. Cryptos, not decentralized.
2:50
Cryptos not private. That's really not the point.
2:52
What we're going to talk about here guys, is this chart, which
2:56
I found to be absolutely, oh, let's say astounding.
3:02
How do I get this up here a little better?
3:04
So you can see, OK, here we go. OK, there's there's something
3:09
secret in hidden on this chart. The lower left hand corner,
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that's the entire silver mining industry.
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The entire industry has a market cap of $19 billion.
3:22
The first thing we're going to look at is the crypto market
3:26
with a market cap of $2 trillion.
3:30
What that means guys, is that the crypto market market cap is
3:34
100 times bigger than the silver mining sector.
3:39
So it's just 1%, just 1%, which would be $20 billion of the
3:45
crypto market were to move into the silver mining and industry.
3:49
That would overnight double the value of the silver mining and
3:54
industry, the silver mining stocks.
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Now it gets even more interesting.
3:58
I want to point this out. If we consider the fact that I
4:03
think most could that happen, just 1% of people have money in
4:07
crypto moving to silver. I think it could.
4:09
I think that most of the people, almost anyone who is converted
4:15
or decided to move away from precious metals into crypto that
4:19
those that that's already been done right that I mean,
4:22
obviously you and me, we know about crypto, we know about that
4:26
option. I personally have decided not to
4:29
invest in crypto. I think there's a lot of room
4:31
for sharing everything else. None the less, I think there's a
4:35
lot more people in the crypto market right as they get older,
4:40
as they mature, who could be looking at the precious metals
4:43
market that we could easily see 1%, maybe 5%, maybe 10% of those
4:49
people moving to the precious metals market.
4:52
I think it's a lot less likely that we have a lot more people
4:56
move now from silver and gold in to crypto.
5:00
Now I could be dead wrong, right?
5:02
The other thing to remember about the people in the crypto
5:04
market, they really are our brothers and sisters in a lot of
5:08
ways. We share so much in terms of our
5:11
disdain for the Fiat paper money system that if they come to us,
5:17
if they get on the silver and gold, they join us in the
5:20
basement, right? And they're always welcome,
5:22
right to join us in the basement.
5:24
They come pre educated. We don't need to explain to them
5:29
the Federal Reserve and a lot of them have as good or better of
5:33
an understanding of the pitfalls of the of the of the Fiat money
5:37
system than we do. So this idea that we could get
5:41
some people coming back to silver and gold from crypto or
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really coming for the first time because I just, I want to
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reiterate this point. Think about it.
5:51
Most of these crypto people probably have never owned silver
5:56
and gold, OK? Where is so, so, so there's an
5:59
opportunity for even just a tiny number of them coming into our
6:04
segment. They could have really serious,
6:07
like we said, 1%, but it gets even crazier, OK?
6:10
And and I want to point out that the crypto people are generally
6:13
regarded as being speculators, OK?
6:17
And we can share, you know, that's the other thing.
6:20
Let me look at you guys. Good morning, 300 basement
6:23
dwellers. It's been a while since we saw
6:26
each other face to face. 300 people remember we only have
6:30
room for 800 in the basement. Then the door gets locked,
6:33
right? There's a line that forms.
6:35
So so thank you so much for being here.
6:38
The other thing I want to point out about the crypto people
6:42
coming, remember it just takes 1%, one percent, $20 billion
6:46
that would buy like that would buy like 2/3 of the entire
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world's silver output. If just 1% of the money came out
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of crypto and bought physical metal, right?
6:58
The entire world production of silver for the years about a
7:02
billion oz at $30.00 an ounce, that's about 30 billion.
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If we had 1% of the 20, I'm sorry, the 2 trillion crypto
7:11
market cap come into precious metals, that would be 20
7:13
billion. That my friends, is a lot of
7:16
math that I just did in my head, but I'm sure it's accurate.
7:18
And that would equal 2/3 of the entire world's silver output.
7:23
It's absolutely crazy. The other thing that I want to
7:27
point out, there's a lot of contention between the crypto
7:29
world and the precious metals world.
7:31
Hey, look, we're all brothers and sisters and there's also no
7:36
reason why people who choose to do both can't do both.
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I don't choose it. That's just my opinion.
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But everybody's different. Everybody can do whatever they
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like. And so we could get some of
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these crypto people that say, hey, you know, now that I'm
7:50
getting a little older, like those basement dwellers, I'm
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going to put a little of my crypto money into silver and
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gold. And again, they come pre
8:00
educated. OK, now it's absolutely crazy.
8:04
Let's go back to this chart and let's look at something else
8:08
that we saw on this chart that just blew me away.
8:12
The market cap, the value of the company, Apple, you know, the
8:16
company that makes those iPhones is $3.5 trillion.
8:22
You think the crypto example was crazy?
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If OK, if just 1%, OK, 1% of the money that's in Apple computer
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were to go into precious metals. Because remember we're in a tech
8:37
bubble the last time. Let me tell you something very
8:39
interesting. Back in 2000, the tech bubble
8:42
burst. Right now we are in a tech
8:45
bubble right now. The valuations of the big tech
8:48
stocks are in more insane than they were during the 1999 two
8:53
thousand tech bubble. So the last time that the tech
8:56
bubble burst, it was about two thousand, 2001.
9:00
We then saw a lot of money move into the precious metals.
9:06
May I remind you that after that tech bubble burst, from 2001 to
9:11
2011, silver went from like less than $5 per oz all the way up to
9:17
$50 per oz, my friends, right? So if we just happened maybe to
9:26
have a replay of a tech bubble burst or even a downdraft in in
9:30
1% of that current market cap of Apple came into precious metals,
9:34
that would be almost $35 billion, OK, That would almost
9:40
triple the value if that went into the silver mining stocks.
9:44
Remember down there, you can't see it.
9:45
Apple's the big orange block that you see over there.
9:50
You can barely see it. You really got to look, my
9:53
friends, is the silver mining industry in the lower left
9:57
corner, just 1% of Apple goes into that.
10:00
That would nearly triple the value of the silver mining
10:05
stocks, triple the amount of money that are that are in the
10:07
silver mining stocks. And if you think about that
10:10
money going into the, into the silver physical silver market,
10:15
let's say 1% of Apple, $35 billion were to go into physical
10:22
silver that could buy the entire year's mining output.
10:27
OK, The example we gave earlier, the entire the world produces
10:32
just about 1 billion ounces of silver per year between mining
10:36
and recycling, about 30 billion Apple people, 1% of the of the
10:41
of the money that's an Apple decides to buy physical silver
10:45
that would double basically that would probably more than double
10:51
the price of silver. And just remember right, I want
10:55
to reiterate this, I think very important park is everybody's so
10:58
crazy about tech, crazy tech is temporary, absolutely temporary.
11:03
So as we talked about those numbers, those unbelievable to
11:08
me, shocking. I mean, it's just, it just
11:10
points to, to, to me that like the, the, the, the, the
11:13
technical reasons why silver is so undervalued right now, still
11:20
at $30 per oz. But as we talked about those
11:23
graphs and charts and all this stuff going on, we got to bear
11:27
one thing in mind and that is the absolute fact that the
11:31
fundamentals supporting silver, the demand fundamentals, which
11:36
you know, ad nauseam, solar panels, electronics, you name
11:40
it, new batteries, new new EV batteries, right?
11:43
Samsung's new battery that would potentially require 1 kilogram
11:49
of silver, over 30 oz per battery per car.
11:52
I I digress, fundamental support reasons supporting the silver
11:59
price, right, the demand and then also guys, hello basement
12:04
dwellers, think about this. Woo Hoo, are you there right.
12:09
The supply of silver alone while the while the demand skyrockets.
12:15
It's a fact that the supply of silver, the amount that's being
12:19
produced continues to stagnate and over the last few years go
12:25
down. I mean, we're in for some happy
12:27
times. It's going to be, it's going to
12:30
be a fun, fun ride and we're going to go on it together.
12:33
Make sure I got. I have so much.
12:40
OK, Susie's recommending we check in on the price of silver
12:43
and gold. And you may not know this about
12:46
me, but I've learned one thing over the 19 years and 11 months
12:50
of marriage. You may have learned this as
12:52
well. It's generally a good idea for
12:54
me to listen and do what Susie tells me to do.
13:01
I always do that. OK, let's go check on the price
13:03
of silver and gold at the direction of silver.
13:06
Susie, we're going to go out the channel sponsor Pinbecks, and
13:11
those are not that's not the current price.
13:13
So don't get excited. I'm going to press the Pinbeck's
13:16
magic button, take a deep breath, and we're going to see
13:19
where the whoa. All right, What?
13:22
We had red silver this morning. Silver above $32 per oz, Gold 2.
13:29
I still can't. Are we dreaming?
13:33
Are we dreaming basement dwellers?
13:35
Hey, we're, we're having a party this morning.
13:37
Gold, $2665 per oz. Guys, don't forget, like we love
13:43
to come together. Welcome to the club, right?
13:45
We're all sitting around a campfire at camp Silver and
13:47
gold. But this camp that we're having,
13:50
right, this camp is not possible without the support of our
13:54
channel sponsors. Pendex is an online bullion
13:56
dealer. See, we're at the website right
13:59
now. Let me show you, Let's say you
14:00
want to buy some Silver Britannias.
14:02
You go to silver, you got Silver Britannia, and there they are,
14:07
right? Look at these prices.
14:09
Wow, my all time favorite, the 2023 brilliant uncirculated
14:15
Great Britain Silver Britannia that has King Charles on the
14:19
back. You can still get for 30 as low
14:22
as $34.38 per oz. My gosh, that's like only $2.00
14:28
over the spot price. I'm not I'm not telling you what
14:31
to do. I'm but I will say this.
14:33
We are lucky in the United States, you know, like in Great
14:36
Britain, if they want to buy silver, there's like a 20%.
14:40
They call it the VAT of value added tax.
14:43
I mean, that is wow, $2.00, as low as $2.00 over spot.
14:49
We really are lucky. And on top of that, we know that
14:52
some people, I don't know how you feel, but some people think
14:55
that that price, that $32 per oz is a number one good value.
15:01
We talked about that already, but #2 artificially suppressed
15:06
lower by those manipulators at the COMEX in the LBMA.
15:11
That's just speculation that a few people have spent decades
15:14
researching improving, but nonetheless, wow, wow, wow.
15:19
So check out pmbex. OK guys, here's their website,
15:23
pmbex.com. They always have ultra
15:26
competitive prices, great selection.
15:28
They got a lot more than those 2023 King Charles silver
15:33
Britannias. And it's a company number one,
15:37
that that I think I know, I don't think I know, I trust.
15:42
And I think that if you do some research and you do some
15:45
business with them like I did, you'll learn that you can trust
15:48
them as well. All right, let's get back.
15:50
Let's say hi to 400. Remember, there's only room for
15:53
800 in the, in the basement. Then they start forming lines
15:59
outside the door. And I'll, I'll, I'll appoint one
16:02
of you to be the doorman, you know, maybe a couple of you.
16:06
Just like there's going to be lines outside the doors at the
16:09
coin shops and there's going to be lines outside the doors at
16:15
the online bullion dealers. And I believe we're going to see
16:18
that here within. That's a silver shortage and
16:21
it's coming, right? You're likely already prepared.
16:24
Sure, you could always have more silver, but don't forget gold,
16:27
platinum, don't forget, be grateful for what you do have
16:31
because when the day comes, right?
16:33
When the day comes, and I believe that, no guarantee, but
16:36
I believe it will come, There will be virtual lines at the
16:39
online bullion dealers and there will be that.
16:42
Remember, Remember back during the little banking crisis we had
16:46
a year and a half ago, right? The that were like the three
16:49
biggest banks that were more than combined when you when you
16:52
combined them, they were bigger, more than like are as big as
16:56
what all the banks that went bust during the great financial
16:59
crisis. But you remember what happened
17:02
back then. I do right?
17:04
Premiums on on American silver Eagles like doubled.
17:07
I think silver was like $25.00 an ounce and people were paying
17:11
$50.00 for one American Silver Eagle.
17:15
Hello. OK, remember C19, right.
17:19
Remember when you would go to the online bullion dealers and
17:22
they would number one, they raise their minimum order level
17:25
and they said, oh, it's going to take 5 or 6 or seven weeks.
17:29
It will there will be a line outside the door here in the
17:32
basement. I may have to ask for your help,
17:35
right? You're already safe.
17:37
You're here. You're you're you're part of the
17:39
club. But be prepared.
17:41
OK? Hey, let's talk about why gold
17:43
and silver. The reasons why gold and silver
17:46
ripped higher yesterday. Gold hitting all time highs.
17:49
Don't forget silver. Oh wait, we got some crazy fun,
17:53
more fun data. 2 fun things to look at regarding that.
17:56
But why did silver do so well domestically?
18:00
Bad news, bad news everywhere. Yesterday we got news that
18:04
consumer confident the economy is crashing, depression,
18:07
recession. You be the choice.
18:10
You, you, you be the, the, the judge on that one.
18:14
But we heard the consumer confidence crashed yesterday, OK
18:18
Home price appreciation is slowing, OK, And the Richmond
18:23
Fed Federal Reserve manufacturing survey collapsed.
18:28
This is the headline, OK, sparked by the biggest drop in
18:32
what they call soft macro data since April.
18:35
The economy is not doing good. The economy in Europe is not
18:41
doing good, OK. The economy in China, they just
18:45
announced like their biggest stimulus program in the history
18:48
of China. Well, I don't know, China's
18:50
pretty old, but they they announced a big, a very big
18:54
stimulus program. Not good.
18:56
The economy in the United States is not good, guys, It's so
18:59
critical that you understand this fact, OK?
19:03
When the economy is going in the crapper, they don't talk about
19:08
it, OK? It's just like if your country's
19:13
involved in a war and you're not doing too well, you just don't
19:16
hear about it on the news, right?
19:18
If it's if it's going well, that's all you hear about that
19:21
the economies and the crapper. I love that word.
19:26
That's a new word. They're not going to tell you
19:29
about it. And it is right now.
19:31
Let me, let me, let's have a special guest, OK?
19:34
And and we're going to ask her how everything's going.
19:36
Hold on one second. I need to prepare the studio for
19:39
our very special guest. And today we will be joined by
19:44
our esteemed Janet. Well, that's a surprise for you
19:48
new basement dwellers, as she lives in a box and there she is.
19:54
The economy is great, everyone basement dwellers.
19:56
I don't know what you're talking about.
19:58
Me and my rich cohorts, we have no problems.
20:01
Everything is awesome, right? All joking aside, they aren't
20:08
going to tell you when the economy is in the crapper.
20:14
Yes, that's the last time I'll use that naughty dirty word
20:18
during this live stream. And it is Europe, China.
20:22
South America, everywhere you look everywhere around the
20:26
globe, right, where people value silver and gold, we are having
20:31
and why, right? Why right.
20:33
But OK, well, you can look at the United States of America,
20:36
right? What?
20:37
What are we at? I forget 35 trillion, we had a
20:40
big milestone yesterday, 35 trillion, 400 billion, yes, we
20:45
did it right. That's why.
20:46
And when you look at the world death, OK, you're talking over
20:50
$300 trillion in debt. Printy, Printy, what we're going
20:55
to see now is they're going to call it stimulus.
20:58
They're going to come up with some crazy words to talk about
21:00
it. At the end of the day, guys,
21:01
they're going to have to print money.
21:03
And what that means, right, is the value of this, whether
21:07
you're looking at EUR or these things, paper dollars, look at
21:11
that. They can do the wave.
21:14
I don't like my money to do the wave, All right?
21:17
I like my money to do the clinky clinky.
21:22
Hear that right? That's real money.
21:25
I digress. One of those is from our friend
21:28
Coin Shop Chris, who now has his own YouTube channel.
21:31
Go check it out. Not now, later at Coin Shop
21:34
chris.com. But we want our money to do the
21:38
clinky clinky, not the WAVY WAVY like the dollar can do.
21:44
And the reality is this. OK, the hens have come home to
21:47
roost not only in the United States, but in the world
21:51
economy. Stimulating printing is going to
21:54
go wild over the next year, 2 years, five years, right?
22:01
You could even say that what the Fed did last week when they
22:04
lowered interest rates by 1/2 percent percentage point that
22:07
stimulus, they don't cut rates by 1/2 percent unless we are
22:15
already in a don't tell anybody. This is secret.
22:18
They don't want everybody to know this, but they don't cut
22:21
rates unless we're already in a recession.
22:25
So that's what we have coming. OK, now this is great.
22:29
This is hilarious. Time to it's time for us to have
22:32
a good smile. I'm going to take this ticker
22:33
down. Hold on here.
22:35
This was genius and this came from you.
22:38
I tell you guys all the time, please leave comments wherever
22:42
your comment section is, OK? So we can learn from you
22:45
together, right? We can learn so much from each
22:48
other. But this one was insightful and
22:51
funny and I have to share this with you.
22:54
Get ready to have a good laugh. It came from our friend Crystal
23:01
Felton 6930. And I actually, I think Crystal
23:05
sent me some silver at one point, which was very nice.
23:08
But anyway, he said, how funny. Think about this guys.
23:12
How funny is it that they judge us with a credit score?
23:16
Like you get your credit score all the time.
23:18
I get my discover statement, my bank, my bank statement, and it
23:22
says, oh, you're my credit score is really high, right?
23:25
I'm, I'm not bragging, but I imagine this.
23:28
I've always spent less than I made and I've paid my bills.
23:31
It's real simple, basic addition and subtraction.
23:35
Nonetheless, how funny is it that they judge us with a credit
23:41
score, yet they are the worst in spending.
23:45
Where is their credit score? I mean, it's true, right?
23:51
We all get judged as as as as normal people, right?
23:55
The, the working class people of the world owe you your credit
23:59
score and blah blah blah. But then the leaders, the
24:03
governments, right, they can just kind of spend all they
24:07
want. Does that make sense?
24:09
I mean, I thought that was a brilliant, insightful, and I
24:13
can't help it. I apologize, guys.
24:15
I owe you a big apology. I got to do it.
24:18
I wasn't going to do it. But since we're on this subject,
24:22
I'm going to scream. So close your ears.
24:26
OK, there we are, 35 trillion, 400 billion.
24:31
I'm going to say it every day for the rest of my we are in a
24:33
debt spiral because this number right here, OK, what's our
24:38
credit score? Maybe they need to add a box up
24:40
here. I mean, my credit score is over
24:42
800. I mean, the United States, the
24:44
credit score must be like 200 or something.
24:47
This number right here, $35 trillion never can be paid off
24:53
It's done. The only way they can pay it off
24:54
is with useless printed. If they print a lot more money,
24:59
which is what they're going to try to do, which will which will
25:03
bring down the value of the dollar, which will make you very
25:05
happy scrappy hero pup. That's you, happy scrappy hero
25:09
pup that you've invested in silver and gold.
25:12
Because this number, right? Makes this number, if you follow
25:16
my finger, the interest expense explode, which makes this
25:21
number. The budget deficit, which is the
25:24
amount of money that our government spends in excess of
25:26
what they bring in, makes this number explode, which makes this
25:30
number bigger, bigger, which makes, which makes the interest
25:33
expense bigger, bigger, bigger. It's a, it's a, it's a debt.
25:37
It's a debt spiral, right? It's alerted me.
25:44
We have 200 thumbs up. Time for us to do a very
25:47
important segment. 500 basement dwellers are here.
25:51
You guys see that 202 hundred thumbs up.
25:56
Thank you to the moderators for being here as well.
25:58
I know Jake from Jake's Custom Parts is a big cowbell fan and
26:04
we do that for solidarity. Thank you to Jake for
26:07
moderating, thank you to Annie Oakley, thank you to Silver
26:10
Susie, and thank you to the one and only Annie Oakley.
26:13
All right, back to the meet. We got a lot more to talk.
26:15
Are they going to take your silver and gold?
26:19
Is there a country talking about it?
26:21
Oh my gosh. OK, what's going on right now?
26:26
Right before our very eyes in on the ground in at at the at the
26:31
big online bullion dealers. What's going on at the coin
26:35
shops? OK here, I want to read this to
26:37
you. I, I, I, I called or I'm sorry,
26:41
I sent an e-mail to our, my friend Michael over at PMBEX
26:45
asking him what's he's observing in the market in terms of retail
26:52
investment. Because remember guys, retail
26:56
silver investor demand for silver, especially gold also,
27:01
but silver in particular is what will drive the price higher in
27:06
the coming two years. I'm just going to be honest with
27:08
you and kind of read to you what he said back.
27:09
He said, hey Ron, after Jerome dropped the rates news last
27:14
week, we have seen retail activity pick up and sales have
27:19
been rebounding. I'm reading this from my phone
27:21
by the way, from the early September low.
27:24
So they're seeing more sales, one ounce sovereign silver along
27:28
with fractional gold pieces. So to me that means people
27:32
aren't buying, let's say like necessarily there people are
27:37
buying things they can afford which are going to going to be
27:40
silver, you know, one ounce silver oz and fractional gold
27:43
pieces. Those are the strongest sellers
27:46
at the moment. Separately, it should not come
27:48
as a surprise and I but I was a little surprised by this.
27:52
But we are witnessing a steady climb in buyback volume, which
27:57
is another way to say some people cashing out of their
28:00
silver and gold. As spot prices continue its
28:03
upward trend. And with the buyback increasing
28:06
for the online bullion dealers, we can only imagine the traffic
28:09
at the local coin shops. Coin Shop Chris must be slammed.
28:14
And it's funny because I texted Coin Shop Chris last night and I
28:17
said, what are you seeing? What's going on?
28:21
And I can't, I can't public publicly say how he put it, but
28:26
basically coin shop, Chris said that the coin shop was
28:29
absolutely a zoo yesterday. So guys, the retail investor,
28:35
this is the big key, key take away.
28:38
It's critical that we have the retail investment demand come
28:42
back to the silver market. And what we're seeing right now
28:47
is just the beginning. If it was a baseball game, we'd
28:50
be in the second inning of the retail investor coming back to
28:55
the silver market. It's that marginal.
28:58
They call that the marginal demand like the, you know,
29:01
there's the big chunk of the demand, the the industrial
29:05
demand and and all that for silver.
29:07
I'm focused in on silver, the retail investor market and even
29:12
the ETF market are that marginal level, meaning they're the ones,
29:16
right, The price increases are going to happen on the margins,
29:20
OK. And it's that extra demand that
29:23
we could see coming through from the investment community for
29:27
silver that could potentially propel the prices higher.
29:31
We talked about earlier, right. If just 1% of Apple computers
29:35
market cap were to move into the silver market, that's the
29:39
equivalent of the entire year's world.
29:43
I, I missed a word there. The world's entire year output
29:47
of silver just 1% and that's just one stinking company and
29:54
that's a company everybody thinks, oh, Apple computer, I'm
29:57
an Android guy Apple computer guys, Apple computer can fumble
30:01
Remember a company called international business machines,
30:05
most of you are the same age as me, IBM.
30:08
They they're nothing like that they used to be the Apple
30:11
computer of the world, right? They're nothing like they used
30:14
to be Remember a company called Xerox, right Xerox invented
30:18
Windows, the operating system you may be watching me on right
30:22
now. Xerox is like a a fraction of
30:25
what they used to be. OK, they had the hot new tech,
30:28
photocopiers, fax machines. OK, remember the company called
30:33
BlackBerry? Remember before these things,
30:37
before this is a this is a Samsung Galaxy S20, which I
30:40
highly recommend. None the less, right before
30:45
iPhones and Android phones, right there was a thing called
30:48
BlackBerry. It was the hottest new tech.
30:50
It wasn't that long ago that company's gone.
30:53
Are there like a fraction of so it can happen in just one
30:57
percent of that money. And those, a lot of those
30:59
companies I just talked about suffered during when the tech
31:03
bubble burst. And I'm, I'm, I'm, I'm going to
31:06
repeat it because it's critical for us to remember, right?
31:10
From 2001 to 2011, the price of silver went from under $5 to
31:17
over 234550 five O 50 Fifty $50.00 an ounce 50.
31:29
I've just one question for you. Are you ready?
31:33
I'm ready, right, $5.00 to 50. Let me think about that.
31:39
Isn't that a 10 times increase? I'm not predicting anything, but
31:45
why is it so crazy to say potentially we could have
31:49
another 10 times increase in the silver price and from where we
31:53
are right now, that would be if my mathematics are correct.
31:57
Well, here, let's go out and take a look.
31:59
Let's do an update. Press the pin backs magic button
32:06
for the second time today. OK, that would be 300 and $21.70
32:14
at the current silver price, which is green because every
32:18
time we press the Pembacs magic button the price of gold and
32:21
silver go up. Well today anyway.
32:25
And that's all we have is the present moment.
32:27
OK, Oh boy, oh boy, oh boy. Silver is reaching new all time
32:38
highs. No, not in the United States,
32:41
not yet, but in many other countries around the world.
32:46
That is a fact. And our friend Trevor, one of
32:49
our fellow basement dwellers, contributed something, sent me
32:52
an e-mail this morning. Hold on here, I want to show you
32:56
something very exciting. This is actually big, big, big
32:59
news for silver. And that would be that yesterday
33:04
in Canada, the price of silver, our friends up north hit a new
33:09
all time high. Here's a chart.
33:11
Wow. Thank you for this chart, Trevor
33:13
from silverprice.org. There's the big puppy and handle
33:18
you can see starting if you look on the left, 1980.
33:22
OK. And then we go over here to 2010
33:26
apparently. Oh, wow.
33:27
Yeah, OK, there it is right there, $42.95 silver is reaching
33:34
all time highs all over the world.
33:37
OK. And it did it yesterday in
33:39
Canada. Why you might be wondering, is
33:43
that so? Thank you Trevor for sharing
33:45
that. Is that so critically important?
33:47
And it's not just Canada. Hold on, let me let me see if I
33:51
can fairy tales can come true. Hold on, I have some other
34:02
charts. Here they are.
34:08
I bet. Yeah, here we are.
34:09
Here we are. OK.
34:10
Thank you for your patience, basement dwellers.
34:14
This is silver in India. All time high.
34:18
OK, Easy to see. Follow the red line from 1975.
34:22
Do you think people that bought silver in the 1970s are happy
34:26
they did and didn't just keep their money in rupees?
34:29
Yeah, I think they are. I'm going to there.
34:33
There's nothing big. This is ARS, which I think
34:37
that's Argentina. Oh, this one's crazy.
34:41
This is not a long term. This is from like this is a 2
34:44
year chart of silver in Argentina.
34:47
It went from 2500 Argentine pesos two years ago to 25,000
34:54
more than 25,000, which is just a 10X increase.
34:59
That's an example of a country that's having some pretty
35:02
serious currency issues. That's silver and U.S. dollars.
35:06
OK, I thought I had some more examples.
35:13
Hold on. Nope, I do not.
35:16
OK, so but what's critical about this?
35:19
And and silver is reaching all time highs all over the world.
35:24
Gold did the same thing a year ago.
35:28
I was sitting on here saying, hey look guys, gold's at all
35:31
time highs in Canada, gold's at all time highs in India, gold's
35:36
at all time highs in China, right?
35:39
And we and we said it's only a matter of time until as measured
35:45
in US Unicorn fart dust dollars gold.
35:50
Oh, there he is. He's he's flapping away.
35:52
He's floating around the basement.
35:53
Gold will be in an all time high.
35:55
And it happened. The same very likely will be
36:00
true for silver eventually. Maybe it'll be six months, maybe
36:05
it'll be a year. We will see new all time highs
36:09
for the silver price. It's going to be a battle.
36:11
It's going to be a war, but it's one that we know that we can
36:16
win. Let's go take a look.
36:17
Let's go out and check on the price of silver in China because
36:20
we do have some interesting developments that I've observed
36:24
in the Chinese silver market. And we're going to go out to
36:29
Twitter and we're going to go to our friend, the Oriental Ghost.
36:32
He's always got great information for us.
36:34
We appreciate his persistence and reliability and giving us
36:39
the price of silver on the Shanghai.
36:43
And I emphasize the high because it's always higher price gold
36:47
exchange. But look at this guy silver AG.
36:53
That's the what is that periodic table symbol for silver on the
36:57
Shanghai gold Exchange? SGE is currently at $33.18.
37:05
What we're seeing here is a is a is a narrowing of the premium
37:12
difference between the COMEX and the Shanghai Gold Exchange.
37:16
We are currently at $32 here in the United States on the COMEX
37:24
roughly for the price of silver. And while it's still higher at
37:29
33, that level had at some points recently been as high as
37:34
like 10-12, fourteen percent higher.
37:38
Now we've narrowed that down to maybe 3 or 4%, but still higher.
37:44
And and we will continue to keep an eye on what's going on at the
37:47
Shanghai Gold Exchange. I put out a video yesterday.
37:51
Nothing will strike fear in the hearts.
37:54
And it struck some fear in my heart, I'll be honest, of us
37:58
silver stackers, gold bugs, gold, precious metals lovers, as
38:03
this idea of confiscation, as this idea of it being illegal
38:08
for you or me to hold physical metals.
38:13
Again, I made a video about this yesterday.
38:14
You can go check out. But I want to cover this again
38:17
because to me, it's big news and it's outright scary news.
38:23
What is going on? And we're talking about the
38:25
country of Israel. Let me pull it up here.
38:30
OK, I got the screen shared. I'm going to go out to this from
38:34
Wynette Israel and Netanyahu pushing for a quick phase out of
38:40
the 200 shekel banknote. So what's going on here?
38:44
Let me just read these to you quickly and then I'll tell you
38:46
what's happening and why this is so scary and, and, and why
38:49
they're also and they talk about silver and gold in this article.
38:55
A fight against black market money.
38:56
Officials are wanting to eliminate the highest
39:00
denomination of Israel, Israeli currency soon and gradually
39:05
phase out cash entirely. OK, phase out cash entirely.
39:10
Netanyahu instructed top officials to urgently discuss
39:13
the immediate, the immediate discontinuation of the 200
39:18
shekel banknote, which I think is the equivalent of like fifty
39:20
U.S. dollars, the highest denomination Israeli currency.
39:25
Remember, guys, Israel is a country that's one of our big,
39:29
big allies. I don't know if officially
39:31
they're considered part of the West.
39:33
I don't think they're officially considered part of NATO or
39:35
anything like that, but maybe they are, I don't know.
39:38
But they're definitely a country that we share our banking system
39:43
with, our financial, our monetary system with.
39:46
In the medium term, they're talking about reducing cash use,
39:51
aiming to eliminate cash transactions all together in a
39:54
few years, with payments being made exclusively through bank
40:00
transfers or credit cards. And they're wanting people to
40:04
voluntarily disclose their their big financial transactions.
40:12
The plan proposes lowering the threshold for transactions that
40:16
need to be reported, requiring requiring pre approval from the
40:20
tax authority from 25,000. So from about $7000 that needs
40:26
to be reported to only 1350. This feels like Big Brother to
40:32
me. This feels like CBDC, central
40:35
bank digital currency. This feels like a government
40:39
wanting to monitor most every financial transaction.
40:44
That and track every financial transaction and maybe even exert
40:49
some approval or disapproval over every financial transaction
40:53
that the people make. It says here similar steps have
40:56
been implemented in other countries.
40:59
In parts of China, the use of cash has been completely banned
41:04
in certain cities so everything can be tracked.
41:07
OK, but let's talk about silver and gold.
41:09
Expanding. They're they, I mean, this
41:12
sounds like just crazy. Expanding the reporting
41:15
obligations for citizens with income to the tax authorities,
41:21
launching a joint enforcement program involving all relevant
41:25
agencies, including the tax authority, anti money laundering
41:28
authority, the police, the prosecutor's office, and the
41:32
counterterrorism economic warfare headquarters.
41:35
I mean poof, this, This sounds like an authoritarian nightmare
41:41
to me. Utilize artificial intelligence
41:45
to identify tax evaders. Evaders.
41:49
Space invaders. No tax evaders.
41:52
I mean, it feels like they're going to control increasing
41:56
oversight of non bank financial entities, including currency
42:00
exchange providers, which handles substantial amounts of
42:03
black ones. See, and they're going to do it
42:04
under this. Well, there's a black market and
42:06
it's bad. This is good for the average
42:08
person, but this is where it gets downright scary for silver
42:13
and gold stackers, banning the holding of large amounts of cash
42:18
alternatives such as gold, silver medals and coins.
42:26
So what they're talking about doing here in no uncertain terms
42:32
is basically hold on, I'm going to get back on the screen with
42:37
you guys basically eliminating cash.
42:41
OK, get, let's get and we've talked about this.
42:42
This is coming to the United States.
42:45
We're at soon going to be in the same situation.
42:47
Cash is going bye, bye. I would be shocked that if five
42:51
years from now, September 25th, 2029, right that we still have
42:59
cash in the United States. I could be wrong, but I'm
43:02
usually right. And I'm very confident on that,
43:05
that and maybe it takes seven years maybe, but they want to
43:08
get rid of cash. That's what Israel is proposing.
43:12
Proposing. This is a proposal, but it's
43:14
coming from Netanyahu, right? The president, but they're going
43:18
to get rid of cash and it's going to happen here.
43:19
It's already happening in a lot of places in the United States.
43:22
I go to different, you know, whatever, a little delis or
43:25
whatever and I don't get out a lot, but I've, I just, I know
43:28
it's Six Flags here in Saint Louis.
43:30
When I take my daughters, my daughters are like, I'm going to
43:32
go to Six Flags and I and I'm like, well, and I'm going to
43:36
bring $20. I'm like you, you, you have to
43:38
convert your cash into a credit card if you want to use cash at
43:42
Six Flags. It's happening at at Major
43:45
League sporting events, the NFL, the Major League Baseball.
43:48
We're getting rid of cash. OK, Everything's going to be
43:52
electronic. And that's a move more towards
43:55
like ACBDC environment where the government, right.
43:59
Not that they would do anything nefarious, but where they're
44:02
able to track all of your financial transactions.
44:05
Some people speculate, all right, And I'm not saying I
44:09
believe this would be the case, but at some point, they'll be
44:12
able to track everything you do. Why does the government need to
44:16
track everything we do or why would they?
44:19
Again, this is a certain degree of speculation.
44:22
I'm not saying this is absolutely going to happen, but
44:27
we know what's going on in China, right?
44:29
We we know what's going on some other why would the government
44:31
need to know every financial transaction with me?
44:33
But what's downright scary about this in Israel is this proposal
44:39
not only talks about getting rid of cash, right, but it's talks
44:43
about not being able to store your wealth in this right
44:50
silver, Oh boy, hold on here. Not wrong one.
44:54
There we go. Anyway, you know what I'm
44:56
saying, right? Not be enabled this and we've
45:02
talked about this basement dwellers when cash goes bye bye.
45:07
And even if we do go to a CBDC in the United States, right,
45:12
this will be the only real functional viable form of
45:20
financial privacy. OK, Because I don't like this
45:24
stuff, right? But I don't think the government
45:27
hasn't has contract this not right?
45:30
They don't know that I have this $1.00 or where I spend it.
45:34
And it's hard to spend it because it floats around.
45:36
It's the the wind that that self, that self waving American
45:41
flag catches it and and it floats around.
45:44
They can't track that. But when that's gone, when cash
45:46
is gone and we are on a pure electronic system, they, they
45:52
potentially could know everything we do and that this
45:54
will be the only form store of value.
45:59
And I have two, two big, you know, it could be huge for
46:02
silver. We need, we need 9 more likes
46:08
and I'll ring the gong, we get the 300 thumbs up.
46:11
But there's two things right as we, as we, as we look at this
46:15
when cash is gone, OK, number one, right.
46:19
These are the reasons why, 2 reasons, big reasons why this
46:22
could do extremely well unless the United States does what
46:26
Israel does and says, oh, you can't own silver and gold.
46:29
That's not fair. That's not fair.
46:33
It's, it's a, there's we're going to pass a new law against
46:36
owning silver and gold and you're going to like it.
46:39
I don't the, the, the situation in Israel scares me for the
46:43
first time ever because that's, that's, you know, we share a lot
46:47
of our banking financial system with Israel, right.
46:50
So if they're doing this, I don't want to.
46:53
I mean, this is the first time ever that I actually felt fear
46:56
that potentially people always say, oh, Ron, do you think they
46:59
come? I'm like, no, they'll never
47:00
confiscate our silver go. But when I saw that, that scares
47:03
me. Two reasons, though, why in the
47:06
United States, if we do go purely electronic, OK, this can
47:11
do very well. Number #1 numero Uno.
47:13
This will be the only form of real functional financial
47:19
privacy, privacy basement dwellers, right?
47:22
The government won't know that you have maybe you know, just
47:26
one or two. I just have.
47:27
I just have a few oz. OK.
47:31
They won't know that you have it.
47:34
It'll be the only form of financial privacy.
47:37
That's number one. Number two, if they go to this
47:40
purely electronic form, you think they're printing money
47:43
now? You think that they got the
47:45
printing presses? You think the value of, of, of
47:48
of of of of the dollar is going down now?
47:52
When it's all electronic, it's going to be like Fantasy Island
47:55
on steroids. This not only will give you #1
47:59
financial privacy, but it will also even more so, help you to
48:05
maintain your wealth, right? It's a value.
48:08
It's an energy, human energy storage device.
48:12
It's a battery like our friend Ball Guy Money likes to say.
48:16
OK, so it's a big deal. And and we need to look no
48:19
further. Oh, my gosh, I'm going to bring
48:21
you out there again. We're on a field trip.
48:24
We need to look no further than this, which continues to
48:28
skyrocket. Oh my gosh.
48:32
Holy bully. Oh, my gosh.
48:34
I got to circle this. Hold on, guys.
48:35
Whoa. Oh, baby.
48:38
Oh, man, this is big. Hold on here.
48:42
We're going to do a special color.
48:44
We'll do yellow, OK, And we will do a bigger line.
48:50
Where is it? There it is.
48:53
See if I can get this right. Shoot.
48:55
Oh, no, Hold on, guys. This this is big news.
48:59
I'm so glad we came out here. Here it is.
49:06
Why is that not working? Boom.
49:10
OK. Now I don't want you.
49:13
OK, oh boy. We're having some hold on here.
49:20
Sometimes the big news. OK, All right.
49:34
OK. Well, anyway, that really bugs
49:37
me. Why is this not working?
49:43
OK, thank, thank. Thank you, Susie.
49:47
OK, thank you. Thank you.
49:48
All right, guys. Well, you know what?
49:50
Now I'm angry. I'm frustrated because it won't
49:53
work. But you know what?
49:54
I'll just zoom in and I'm going to get rid of you all together.
49:59
OK, let's go over here. This is big breaking news.
50:02
Like I just thought I was talking about right there.
50:05
The dollar to silver ratio yesterday, this was like in the
50:11
five hundreds that measures for each one ounce of silver that's
50:17
being created each year, how many dollars are being created
50:21
during via the M2 money supply. It is skyrocketing.
50:26
This was like at 52540 yesterday.
50:31
This is big news. This is huge.
50:33
OK, this is what's going to happen.
50:36
Wow, I can't believe this. But this?
50:39
I'm going to try one more time. Wrong 10.
50:45
I know the problem. Hold on, basement dwellers.
50:49
We get through this together. OK?
50:53
I wonder if it'll work now. Here we are.
51:03
Don't give up in life, Tanya. Never ever, ever give up.
51:07
What the heck is going on right? One more try, then I promise
51:11
I'll stop this. Why is that not working?
51:18
OK anyway, 672 right here. OK, I mean, that is that's the
51:23
reason why. And what's going to continue to
51:26
occur as we is we go all digital.
51:33
Israel's talking about going all digital.
51:35
Israel's very much scared me. Netanyahu talking about kind of
51:41
banning your ability then to store, to collect the snack,
51:45
whatever you want to call it, silver and gold.
51:47
I'm going to be following that story super closely, OK?
51:51
Because that's a big, big deal and something that we better be
51:54
ready and we better be ready to come together and like let our
51:57
politicians know that we aren't going to stand for this, right?
52:01
Our founding fathers, your founding fathers, my founding
52:06
fathers put it in the US Constitution.
52:10
I want to say hi quickly here and thank wow, Dwight.
52:14
Man, what a wow for Silver Susie's house.
52:20
Thank you, Dwight, for that. The massive, very generous super
52:24
chat. I appreciate all the Super
52:25
chats. That means a lot.
52:27
It goes a long way to help support us, support the family,
52:30
support the channel and and thank you, thank you very, very
52:33
much. Also, let me ring the gong.
52:35
We got 300 thumbs up. All the gongs, the golden gong
52:43
and and then I want to thank you basement dwellers.
52:49
Thank you, Dwight, Thank you, Silver stackers, all of us guys,
52:53
the founding fathers, we got to get ready because it could get
52:58
ugly, right, If this situation in Israel develops further.
53:02
Now, again, it's just a proposal, right?
53:05
But you know, if they try to go all electronic and ban are in
53:10
the unfortunately, about 100 years ago, 90 years ago, they
53:15
did this in the United States and they did it, you know, under
53:18
the guise of of, of wow, thank you, Dwight.
53:21
That is I'm speechless. Thank you.
53:24
They did it under the guise of being a, a, a patriotic
53:28
American. You know, Roosevelt confiscated
53:31
everybody's gold. OK, so they, there is a history.
53:35
I don't want to scare you, but we need to, we need to stay
53:38
abreast of this situation and, and be ready for anything that
53:43
might come. OK guys, thank you for being
53:47
here. Thank you for being part of the
53:48
basement. Thank you to 1st Mining Gold for
53:51
sponsoring Ron's basement. It's a Canadian gold development
53:54
company with two multi million ounce projects in Canada.
53:57
They have gold in the ground in Canada also, thank you to
54:02
Fortuna Mining. They are a producing gold and
54:05
silver mining company, right? They do gold and silver in Latin
54:09
America. Huge amount of gold being mined
54:12
in West Africa. You can learn about both of
54:15
those companies at their respective websites.
54:18
A link to which I will put in the description of this video
54:21
and of course, I never get it right.
54:25
Right there. Pi MB EX, the online bullion
54:29
deal sponsor of Ron's Basement. Check out Pembacs.
54:33
I think you'll be very, very happy.
54:36
You know, I worked with them before they sponsored the
54:39
channel. Most important, thank you for
54:41
being here. We're in for some very
54:43
interesting, very fun times within the precious metals
54:48
sector. OK.
54:49
You're always welcome here in the basement, right?
54:52
You guys are the founding, the founding members of Ron's
54:56
Basement. It's not really my basement.
54:58
It's our basement. It's your basement.
55:01
I'll look forward to seeing you next time.
55:03
Thank you, thank you. Thank you again, Dwight for that
55:05
super chat and you guys have a great.