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

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  Breaking news on October 8th, 2024 at 12 noon Central time.
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  The silver price is crashing. At minimum we can say the silver
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  price is down horrifically today.
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  You want to know why I dug in? I have the reason why for you.
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  We're going to talk about that in this video and we're going to
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  talk about even more importantly, should you?
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  Should I, as people who've put some of our hard earned wealth
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  into silver, into gold, into precious metal mining stocks,
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  how concerned should we be? I think you're going to like
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  what I have to say, but first let's shift over and take a look
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  at what's going on right now in the silver market because it is
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  not pretty. We have silver trading at
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  $30.55. This is a 5 day chart of the
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  silver price that you're seeing on your screen right now.
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  Guys. We were as high as $33.
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  This was what, last Friday of last week?
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  Today is Tuesday and three days we've basically dropped from $33
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  all the way down to $30.54. It has not been a fun ride over
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  the last few days for silver investors.
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  But what a great opportunity for me to mention to you that if you
• 1:20
  are in the market to buy some physical silver or gold or
• 1:24
  platinum group metals for that matter, please check out our
• 1:27
  channel sponsor pin backs. One thing thing I can tell you
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  for sure right now is if you buy some silver today, you're
• 1:33
  getting it for a much better price than you would have gotten
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  it for yesterday. Bembeks always has a great
• 1:39
  selection. Hard to beat prices in a company
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  that you can trust. You know, I've worked with them
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  myself personally for over the last one year.
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  So why is the price of silver dropping?
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  It's very, very simple. It has everything to do with
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  China. Let's go over to Reuters and
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  take a look at this article. The Hong Kong Hang Seng Index
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  plunged by 10% last night. This is massive.
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  This all has to do with perceived Chinese demand for
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  silver and gold. But their Hang Seng Index
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  dropping 9.4% is its biggest drop since 2008, guys, since the
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  great financial crisis as it erased and But why did it drop?
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  And what does that have to do with silver?
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  We'll get into that as it erased its big gains made during a
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  Chinese holiday after. Here's the reason why.
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  Economic planner Zhang Shangji told reporters China was, quote,
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  fully confident of achieving economic targets for 2024 and
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  would pull forward CN¥200 billion from next year's budget
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  to spend on investment projects and support local governments.
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  But a failure to sufficiently detail new or large measures
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  sparked concerns about Beijing's commitment to pull the economy
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  out of its current slump. This, this, this horrible day
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  that we're having in the silver market has everything to do with
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  China in the fact that the market did not get what it
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  wanted. It was kind of like when we have
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  a Fed announcement here in the United States, everyone in China
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  was on pins and needles to see what the Chinese government
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  would say about stimulus going forward because the Chinese
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  economy is in pretty bad shape. And the Chinese authorities did
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  not deliver. And they had their worst day
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  since 2008 in their stock market.
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  We are in very, very volatile times.
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  Now. This is also going to impact the
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  price of copper because remember, like we've talked
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  about exhaustively recently, a silver price has been very much
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  related to the copper price. And here at ceo.ca, we can see
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  the copper price also is down 2 1/2 percent.
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  Boy, silver is really taking the brunt of the damage today.
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  Gold down 1.4%. So should we be concerned?
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  How concerned should we be? Sorry, my nose is itching.
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  One of the cat showed up here in the basement.
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  But this is a live breaking video that I'm doing unedited
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  for you because this is huge, huge news.
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  How concerned should we be? I'm not so concerned about
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  Chinese demand destroying the silver price when we look at the
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  other factors involved. Is this a great opportunity day
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  for those crooks at the COMEX in the LBMA?
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  The London Bullion market is association to orchestrate a
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  massive tamp down, a massive smash in particular in the
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  silver price. We know they've been
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  manipulating down the silver price for years and years.
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  The other thing we have to consider right, some good
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  factors, things working in our favor right now with the silver
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  price. Let me just read the list to you
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  quickly. Don't forget, we still have this
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  massive short position on the silver market that's going to
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  need to be undone. Americans and Westerners are
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  just now starting to wake up to the silver story.
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  We could have a new wave of Western investors coming in to
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  support the silver price. All these companies throughout
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  the world, they're still going to need silver.
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  Samsung, what about this Chinese car company Bydi was just
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  talking with somebody about? That's a company none of us have
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  ever heard of. They're making unbelievable like
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  400,000 electric vehicles in the month of September alone.
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  They're going to be using 10s of hundreds of millions of Oz of
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  silver just for one company in one country, an electric car
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  company in China. Russia is talking about buying
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  silver. No, nothing there, right?
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  Nothing to be concerned about in the big money, the hedge funds,
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  the sovereign wealth funds, when they come in, it's going to be
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  huge. And we don't even know how much
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  silver is going to be used and is being used by the military
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  industrial complex, not just in the United States, but all over
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  the world. Two final points I want to make
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  to you when we talk about silver.
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  Silver is the widowmaker, OK? It is a very volatile.
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  It has massive price swings up and down.
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  The volatility can be our friend days like today, the volatility
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  medicine doesn't taste too good. We're down $1.50 in the silver
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  price. That's no fun, right?
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  I'm not going to sit here and tell you that I'm having a great
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  day when I'm looking at the silver price.
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  None of us are. We're not alone.
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  But also this volatility works in both directions.
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  And I'm telling you, the reason why we don't want to be afraid
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  of the volatility is that when it works in our favor to the
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  upside like it has been and like it will continue to do in the
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  future, the volatility will be our friend.
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  And I'll leave you with this reminder because I fail.
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  I fail miserably in this area as well.
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  At the end of the day, we can't think of this.
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  We can't think of our silver, right?
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  We can't think of this in terms of dollar value anyway.
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  We want to think of this in terms of Oz.
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  Measure your wealth in terms of Oz of gold, ounces of silver.
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  Trust me, if you're great, great, great, great, great
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  grandpa from 148 years ago or 300 years ago had done that.
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  Thought of his wealth in terms of Oz of silver.
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  In terms of Oz of gold, guess what?
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  You'd be an extremely wealthy person right now.
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  Likely your grandpa fell for what 99% of the current
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  Americans the sheep will fall for.
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  Believe in the paper, believing that other things were valuable
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  at the end of the day. Think of your gold, Think of
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  your silver, think of your platinum.
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  Whatever floats your boat in terms of Oz of wealth.
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  That's what's going to last for generations and generations.
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  Hey, thanks for being here. I want to say thank you to
• 8:20
  channel sponsor First Mining Gold, Canadian gold developer
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  with two multi million ounce projects in Canada and Fortuna
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  Mining. They've got active mining
• 8:30
  operation, silver and gold in Latin America, gold in West
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  Africa. Thanks for being here.
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  Hang in there, everything's going to be OK.
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  This little Chinese bump in the road is just that, a bump in the
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  road. I'll look forward to seeing you
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  next time here in the basement. Don't forget you want to get
• 8:49
  some silver right now on sale. Check out channel sponsor pin
• 8:53
  Backs. They'll take good care of you.
• 8:55
  Have a great day. I'll see you soon.