Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⭐SILVER⭐ You Must PAY ATTENTION to This! ⛩️ (Gold Price Also)

Transcript

⭐SILVER⭐ You Must PAY ATTENTION to This! ⛩️ (Gold Price Also) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
Good morning basement dwellers. We've got a big show today, big
0:05
news about silver, but I want to say thank you for being here
0:09
right now. We're going to dive right in to
0:11
speaking about two gurus, right? The only people who.
0:16
Called the Great. Financial crisis.
0:18
What are their actions? Think about it.
0:21
What's always important in life? We learned this when we were
0:24
young. Actions speak louder than words
0:28
and when we follow the actions of what the only two people,
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well, maybe there were a few more, but the two biggest name
0:36
people who called the great financial crisis called the
0:39
mortgage-backed security stuff that went bow back in 2008.
0:45
If we look at what they're doing, don't we want to pay
0:47
attention? Like, don't these guys have a
0:49
track record of telling the future, making very smart
0:53
financial moves, and we are going to talk about paying off a
0:56
house with silver. I've got a lot of insights on
1:00
that I want to share and more crazy news about the economy.
1:04
But let's dig right into this first story about the two gurus,
1:09
right? We want to pay attention to what
1:11
the big guys are doing. Here we go from Business
1:14
Insider. Michael Burry and John Paulson
1:18
hit the jackpot when they called the housing crash again, I'm
1:22
going to say it 10 more times. Guys, think about this.
1:26
These are like multi, I don't know if they're billionaires,
1:30
but 10s of hundreds of millions of dollars they made by
1:34
correctly betting against the housing market, seeing into the
1:39
future. Isn't that what we're doing when
1:41
we buy silver and gold? We're looking into the future,
1:44
aren't we? Thinking I want to have some of
1:47
my assets or most of my assets or whatever you decide
1:50
personally protected with silver and gold.
1:53
And these guys looked into the future back in 2005, 2006 and
1:58
they saw a big crash coming and they got ridiculed for it.
2:02
They made a movie about Michael Burry.
2:04
We'll get into more of that later.
2:05
But if if, if the guys who have a good track record and have 10s
2:09
of hundreds of millions of dollars are buying gold would.
2:13
Would it be a good? Idea for you to pay attention.
2:15
I mean, you have to answer that question for yourself.
2:17
There's Michael Burry. We love Michael Burry.
2:21
OK, Big Short fame. Bah, Bah.
2:23
We'll get into more of this later.
2:24
I'll give you the highlights. We don't need those highlights.
2:27
Oh, there we go. Apparently Michael buries into
2:30
heavy metal music, so he isn't just a metal head when it comes
2:34
to music. The investor of the Big Short
2:37
fame, they wrote a book about this guy.
2:39
They made a movie about this guy.
2:43
What is he doing? He purchased about 441,000 units
2:48
of the Sprott Physical Gold Trust last quarter.
2:53
The trust holds virtually all of its assets and physical gold
2:56
bullion. OK, now let's go down a little
2:59
further. That's worth about $8 million
3:02
right now. Buying gold is a surprising move
3:07
from Burry, a value investor known for sniffing out dirt
3:11
cheap stocks. Sniffing out value seen into the
3:15
future. Buying gold right now?
3:17
I wonder if he's buying silver? Including GameStop years before
3:21
it became a meme stock. He's also bet against Tesla.
3:25
Burry shot to fame for predicting and profiting from
3:29
the collapse in the mid 2000s of the housing bubble.
3:33
The saga was chronicled in the book and movie The Big Short.
3:37
OK, so there's check number one, right?
3:40
A famous guy of guy who's known for being able to tell the
3:45
future. And look, he doesn't have a
3:47
crystal ball. He could be wrong.
3:49
I could be wrong. You could be wrong.
3:51
Don't make any financial decisions based on anything that
3:53
any of us say. But I sure feel a lot better
3:57
when you got a guy like Michael Bury buying gold, buying
4:00
precious metals. But wait, there's more.
4:03
Yes, John Paulson, another guy with hundreds of millions of
4:08
dollars. How did he make his name in a
4:11
similar wager immortalized in a book titled quote the greatest
4:18
trade ever like Bury, the Paulson and company chief
4:23
appears to be bullish on gold and other precious metals
4:27
because get a load of this. There's John Paulson, Nick, I
4:31
said Hank Paulson, John Paulson, Hank John at whatever Paulson's
4:35
firm counted Anglo gold Ashanti. That's a big gold mining
4:40
company. Agnico Eco mines, Equinox gold.
4:44
I own that. I know a lot of you guys own
4:46
Equinox as well. I am Gold International, Tower
4:49
Hill Mines, Nova Gold, Perpetual Resources, Seabridge Gold and
4:52
Trilogy Metals amongst its 18 holdings.
4:57
Sounds like to me this guy's got a lot of his money in gold
5:01
mining stocks. Does what does that make you
5:05
think, huh? Back in 2021, the veteran
5:08
investor, this is John Paulson predicted stubborn inflation.
5:12
Wood Forest, the Federal Reserve to hike interest rates, spurring
5:18
investors to dump their cash and other assets for gold.
5:21
He argued. Right, This is 2021.
5:24
Nobody believed us. That's when we that's when we
5:27
all started here in the basement together.
5:29
Guys. Nobody believed us.
5:32
And I got to tell you about what happened at the neighborhood
5:34
swimming pool last night, right? The old swimming pool indicator,
5:37
my neighbors with gold and silver.
5:39
I'm going to tell you, OK, where was I?
5:43
OK, right. Spurring.
5:44
He argued that it dumped their. OK, let me slow down.
5:48
Spurring investors to dump their cash and other assets for gold.
5:53
And when we say gold, remember, gold is the Mama bear of all the
5:58
precious metals. Silver's like the little cute.
6:00
Baby cub that's going to grow up and do a ferocious bear at some
6:06
point. Not a bear.
6:07
Bear market, a bear powerful. He argued the double whammy of
6:12
surging demand and limited supply would cause the yellow
6:15
metals price to soar. Paulson's call proved prescient.
6:20
Prescient. I can't say that word the Fed
6:22
has raised. Its benchmark rate from nearly
6:24
zero to north of 5% in a bid to bring down inflation and the
6:27
price of gold. Has jumped from when he started
6:31
buying it at $1800 per Troy oz when in 2021 to record levels
6:39
above $2400 in recent weeks. This is this is the best.
6:45
This is why it's in yellow for you, baby.
6:47
Burry correctly predicted inflation and rising rates as
6:51
well and appears to share Paulson's view that gold stands
6:57
to benefit. So always critical for us to
7:00
follow what the biggest, smartest people in the room are
7:04
doing, right? We always want to know.
7:06
And these guys only disclose what they own because they have
7:11
to, they're required by regulatory.
7:14
So we get a glimpse into what they're doing.
7:16
And what they're doing in the case of Michael Bury is buying
7:21
physical gold. What they're doing in the case
7:23
of John Paulson is buying the precious metal gold mining
7:28
stocks and silver mining stocks. We're in for a fun ride, guys.
7:32
Let's talk about some shocking news about silver.
7:36
OK, You ready? What does this mean?
7:39
There is an unbelievable set up right now in silver.
7:43
We've covered that at nauseam, right?
7:45
We know silver is set right to potentially soar.
7:50
But let's begin. I got a very interesting e-mail
7:56
that that really spurred some incredible thoughts.
7:59
This comes from from the comment section of one of my videos, our
8:02
good friend CWLPFOC said. Hi Ron, you know, I work for an
8:08
electric company. Yes, I did know that.
8:10
I know this person. He's a very, very good guy,
8:12
great basement dweller. He.
8:14
Works for an electric company and he found out the other day
8:17
that solar panels are considered hazardous waste.
8:21
You can't just throw them in the garbage.
8:23
Oh my gosh, you think the crooks in charge know how valuable
8:28
these panels will be one day. So they don't want them tossed
8:32
in the trash. And I didn't realize that.
8:36
But yes, of course, because we've we've got other people and
8:39
a lot of debate going on in the comments section.
8:42
You can, you can, you can. You can chime in here as well.
8:47
How much silver is in each solar panel and why wouldn't they?
8:50
Want to throw them away now? Are they realizing?
8:53
How much silver is in there? I'm going to have to say
8:56
somewhere between 1/2 and 2/3 of an ounce is in each solar panel.
9:01
And then somebody said only there's only that much.
9:04
Do you know how many solar panels they are?
9:08
Let me help you with this. OK, India is building solar
9:13
panel farms that are bigger than the borough of Manhattan, and I
9:19
think they're even build building bigger ones now.
9:21
OK, drive down the highway sometime, look off into the
9:25
distance, you'll see sometimes just fields, even here in
9:28
Missouri, in Missouri, right? Probably one of the least.
9:32
Green states in the. World or the country, I should
9:35
say. There's just solar panel after
9:37
solar panel. There's so many solar panels
9:40
being built, it's unbelievable. And, and here let's just look at
9:45
this 'cause this was the big massive news story from
9:49
yesterday. Look at this chart.
9:54
OK, Well here that is solar institutions installations in
9:59
India per quarter, OK? This is each quarter, three
10:03
month period all the way back to 2019.
10:06
Doo, Doo, Doo Doo. 200 megawatts, 202,000 megawatts,
10:11
2004 thousand megawatts. Holy moly.
10:15
Look what happened in the first quarter of 2024.
10:20
Do you see? I don't even know.
10:22
I mean, the numbers are astounding.
10:23
What is that 100,000 megawatts? Whatever it is, OK, The amount
10:29
of solar installation is going absolutely crazy right now.
10:36
Guys, that's just one component of the silver story.
10:42
What about microchips? Right?
10:44
What about? What about the?
10:45
One that nobody talks about. Do you know about this use for
10:49
silver And and some people I heard Rick Rule say it's kind.
10:52
Of one of the. Sleeper uses for silver that
10:55
nobody talks about, right? Is sanitation purposes right?
11:00
Silver is antimicrobial. In case you didn't know this, I
11:05
know you probably do. You you're, you're smart and
11:08
maybe you've done all your homework on silver.
11:11
But you know, there's a reason why that rich people are
11:14
referred to as, oh, he was born with a silver spoon in his
11:19
mouth. That's because hundreds of years
11:21
ago, if you were wealthy, you had pure silver utensils because
11:25
they knew back then silver kills germs.
11:29
But there's this this potential and growing use for silver and
11:36
sanitate water filtration sanitation purposes all over the
11:40
world. Nobody talks about it.
11:43
Everybody talks about solar. Solar and solar is huge, right?
11:46
Like we just saw, solar is unbelievably huge.
11:50
I always recommend to anyone who's who's invested in silver
11:54
if your neighbors have solar panels in their yard, I do.
11:57
This all the time. They're cool with it.
12:00
I go over and give him a hug. I love solar panels.
12:02
They're good for the environment.
12:05
I'm an opportunistic environmentalist and they're
12:09
good for the price of silver. And think about this we'll.
12:14
Get back to. Sanitation, right Cleaning.
12:16
Up the stuff that goes through your toilets with silver.
12:19
But think about this, right? And one of you, you know who you
12:24
are. One of you pointed this out to
12:26
me because nobody talks about this with solar either.
12:29
And our, our. Friend with the gave us the
12:31
comments earlier, Mr. J, we'll call him, kind of pointed this
12:35
out. But when silver goes into a
12:37
solar panel, bye bye, everybody say bye bye together with me,
12:42
bye bye. Right, that silver.
12:44
'S gone for at least 20 years, I don't know 15.
12:48
Years. What's the lifespan?
12:49
Somebody said told me it was 20 years that silver is if it ever
12:54
is right, like like like this insight we had from our one of
12:58
our viewers tells us that now they won't let people throw them
13:01
away even if it is going to be recycled.
13:05
It's gone. It's it's like gone to sleep.
13:07
It's not available. It's in a solar panel for the
13:10
next 15 to 20 years. Think about it just.
13:13
About the time when all those toilets are flushing in India.
13:17
And they need to clean up that. Water.
13:20
Right. The sanitation uses for silver
13:23
are going to explode as well. You're here.
13:26
You're hearing it burst here in the basement.
13:29
We told you last year, late in the year, gold was gonna go
13:32
skyrocketing. This year.
13:34
Well, now I'm telling you, it's probably gonna be a little bit
13:36
more than six months. We'll say somewhere between 12
13:39
and 18 months, right? We're gonna be.
13:42
You're gonna be hearing that silver's the ultimate poop
13:44
cleaner. Whatever they're going to be
13:48
selling, not just silver bars at Costco, they're going to be
13:52
selling toilet paper that's got silver fibers.
13:55
Well, no, on a serious note, what they're going to be doing
13:59
is using silver to purify water to clean waste.
14:03
OK. And there's big developments
14:05
going on in that sector right now.
14:08
You hold your horses, you watch. What else do we have to talk
14:11
about today? How are you doing?
14:12
Thank you. Please give this a thumbs up.
14:14
Let's. Let's say thank you to our
14:16
sponsors. Let's put their banner up there.
14:20
We go, hey, how's your Memorial Day going?
14:23
It's kind of nice we're sitting here over the weekend, right?
14:26
We know silver closed above $30 per oz, OK.
14:32
And and gold still 2333 dollars I think and 30 cents on Kitco
14:38
like to 333-3333. Pretty soon the gold price is
14:42
going to start with a three, OK, $3000 maybe by the end of the
14:47
year, I don't know, I'm not predicting that, but it's going
14:50
to be an interesting, interesting ride.
14:53
OK, let's talk about another big factor with silver and then
14:58
we're going to talk about can you pay off a house with silver?
15:03
And I'm going to tell you some shocking news that in that
15:07
regard, but but let's talk about a big deal that's going on with
15:12
silver. I heard Rafi Farber, I want to
15:13
give him credit was said this during an interview and we all
15:17
kind of know this, but I don't think sometimes that's why we're
15:21
here in the basement together, basement dweller.
15:23
We want to put two and two together, right?
15:25
Sometimes, sometimes things are right in front of you, but you
15:28
don't think about it. And it's something that this is
15:31
going to make you feel very, very good about your investments
15:35
into silver And what he basically said, And I'm not
15:39
putting words in his mouth, so if I'm slaughtering this, I
15:41
apologize, Rafi, but what I got out of what he said was.
15:45
Guys, we have $30 silver. Hello.
15:47
Happy Memorial Day. Hey, it's my mom's birthday.
15:53
Do me a favor. I almost forgot I meant to write
15:55
that down. Darn it.
15:56
Everybody please say happy birthday, Tina.
16:00
In the comments section, she watches the live stream.
16:02
She'll get a kick out of it. Wonderful woman.
16:05
Happy birthday, mommy. I'll see you later today.
16:07
But none the less, $30 silver. This, this is our, this is our
16:12
birthday present to my Mama, right?
16:15
What's the big deal? What's different?
16:18
What's different? And what should you be so
16:22
encouraged about right now when it comes to that, this rise that
16:26
we had to 30 Remember we had the C19 crisis.
16:30
Remember, they locked you in your house and you were forced
16:32
to watch YouTube all day long and Bubba, whatever.
16:36
But shortly thereafter, about a year into it, we had a massive
16:41
spike. We had a.
16:42
Silver. Squeeze Remember Remember
16:45
everybody was at home and day trading stocks and AMC and
16:49
GameStop where everything was crazy right and then we.
16:53
Had this thing called Wall Street silver that started up
16:56
and we had a silver squeeze. Everybody was buying silver for
16:59
like 2. Days.
17:03
And then some BS article came out and they were jealous and
17:06
and then the comex tamped it down blah blah blah.
17:10
Something happening right now but OK.
17:13
And the silver price got up to around $30 per oz.
17:17
OK. I want you to think about this.
17:20
What I mean this, this needs to make sense to all of us that are
17:24
invested in silver. Now I ask you, how different is
17:29
this recent rise in silver and what did it get to $32.50?
17:34
It is completely different than the rise in silver that we had,
17:41
what is that three years ago, right, 3 1/2 years ago during
17:45
the silver squeeze. This is completely different,
17:47
OK, in two key ways, two big critical ways.
17:52
Number one, this is being driven by the BRICS countries, India,
17:58
China, right? All the BRICS countries, the
18:01
eastern countries are driving this massive uptick, not just in
18:05
silver but also in gold as well. That's factor #1 fact.
18:12
And that's a good thing, right, Because they're taking over
18:15
those markets. But factor #2.
18:20
Is completely opposite of what happened during the Silver
18:23
Squeeze back in 2021 in February.
18:27
This time, there's no help. OK?
18:31
You're helping. I know you are.
18:33
I'm not. Don't get mad at me for saying
18:35
this. This is just, this is actually a
18:37
good thing for you, but you're getting no help from your
18:41
comrades in the United States, OK.
18:45
It's completely different. The Silver Squeeze in 2021 was
18:49
driven by by by by all these people coming together.
18:53
The Apes, Wall Street Silver, blah blah blah.
18:55
And Wall Street Silver's awesome.
18:57
I love it. The Silver D Gen.
18:59
Club, I love it. But let's be real.
19:02
It is not this recent rise that we've had has been helped a
19:06
little bit, but the opportunity is there right in the West.
19:11
Right. People buying from Costco,
19:13
people waking up the. Opportunity is there.
19:17
So we got a double positive. We've got the Eastern countries
19:20
taking over, driving this rise and it's been, does it feel
19:24
different to you? Another third big thing.
19:26
Bonus, bonus, bonus. Third big factor.
19:32
Third big factor. OK, during the Silver squeeze,
19:35
I. Think I don't have a chart in
19:37
front of me, but it sure it mean it.
19:38
The price of silver spiked, right?
19:41
The price of a lot of the silver mining stocks spiked and we how
19:45
many? I know it's no fun to be
19:48
patient, but patience is a virtue.
19:50
Hold your horses. That's what my mom used to
19:52
always saying it's her birthday, so I'm not going to be but you
19:55
hold your horses right? The spike.
20:00
In the silver price, during the silver squeeze, what always
20:03
happens to a spike? What always 99% of the time,
20:07
right? Anything that shoots up.
20:10
What? Happens to it, it runs out of
20:12
energy and it shoots down, right?
20:17
Who wins the race, the tortoise or the hare, right?
20:20
The tortoise cause the hare falls asleep, runs out of
20:22
energy, right? And this time in the silver
20:25
price, we're having a steady, steady, steady.
20:30
Steady, steady rise. Higher.
20:33
Big, big difference. Let's see if I can remember all
20:36
three. We're all getting older, you
20:37
know. Let's review them together.
20:39
Basement dwellers, what do you say?
20:40
Right factor #1 the East is taking over the price of
20:45
precious metals. Sorry, Comex.
20:48
Sorry. London Million Market
20:50
Association. The LMA, the London Metals
20:52
Exchange. Huh.
20:54
My friends over in London, right?
20:56
Huh. My friend Paul is from London,
20:59
right? Paul Morris, director of
21:02
investor relations for First Mining Gold.
21:04
He's on our side. Thank you First Mining Gold for
21:07
sponsoring the Channel. But that's number one.
21:10
You can reach Paul if you ever want to talk to him.
21:13
His e-mail address is in the description of this in every
21:15
video. But none the less I digress #1
21:19
right right. The West is losing control of
21:22
the metals price. OK, China, India taking over #2
21:27
#2 number dose, right number dose there's no help from the
21:32
West, but there's huge massive. It's the silver lining potential
21:39
if. Even just one.
21:40
Of your neighbors, I got to tell you about the swimming pool here
21:43
in a second. The old swimming pool indicator,
21:45
the silver and gold swimming pool indicator.
21:48
Big potential. OK #3 this has been a stair step
21:53
up, which is a good thing in the long runs.
21:57
Goes up, consolidate switch. Guys, it's just a fancy way of
22:01
saying the, the, the, the chickens, right?
22:04
Chickens Bok. Bok the silver chickens.
22:08
Because. This is the way it works.
22:09
The price goes up $32. The silver chickens buck, buck,
22:14
buck, buck they get out. Oh, I got to sell.
22:16
I got to sell. They get out.
22:17
The price goes back to 30. All the sellers are gone and
22:21
then whoop, the price goes to 35, OK 38 whatever and then
22:26
buck, buck the. Chickens come out, right?
22:28
It goes back to 35 and there's no more sellers, and then it
22:31
goes to 40 and we're like having a big party here in the
22:35
basement, right? Because the real value of
22:38
silver, I calculated it this morning.
22:41
Silver should be at $73.65 period.
22:45
OK, let's go check on the silver price.
22:48
Hold on a second here. How are you doing today, Ron?
22:52
I'm doing great. Thank you for asking.
22:55
And we are going to go out and look at the silver price.
22:59
Here we go, a little behind the scenes up.
23:02
Wrong one. What did I do?
23:04
There We go up Silver holding steady this weekend $30.45, Gold
23:12
2335.43. Thank you to our friends at
23:17
Pembex. Guys, this is not possible.
23:19
This show is not possible without the support of our
23:22
sponsors. Pembex is a company I love
23:25
having as a sponsor because I loved them before I agreed and
23:31
they agreed to sponsor my channel.
23:33
I'd worked with them thanks to you guys told me about Pembex.
23:37
If you want to get right the best price, if you want to get
23:42
the best value, OK. If you want a great selection
23:46
and a company you can trust, you need to find out for yourself.
23:49
Do your own due diligence, but please do yourself a favor, OK?
23:53
Throw Pendeks into the mix next time that you are looking to buy
23:58
silver, gold, precious metals or platinum group metals.
24:02
We're having a Sunday morning party and you're here, huh?
24:06
My fellow basement dwellers all. Right.
24:09
What's next? What's next?
24:11
What should we go to next? How?
24:14
About a crash. And then we're going to talk
24:16
about housing and we're going to talk about buying a house with
24:20
silver, right? Paying off your mortgage with
24:23
silver. And I'm going to give my
24:25
opinion, not financial advice, but my opinion about what we
24:30
could see come through. I got a very heartfelt e-mail
24:33
from one of you guys and I want to address that.
24:35
But let's go look right now at what's going on because guys,
24:39
what do you think? What do you think is going to
24:42
happen? What?
24:44
Do you think is going to happen when this the kind of I'm
24:47
telling you. All right, buckle up, buttercup.
24:50
Your silver and gold. Hug your silver.
24:52
Hug your gold. OK, Go over to your neighbor's
24:55
house. Hug their solar panel.
24:59
I'm not telling you what to do. I'm not giving financial advice,
25:02
but I'm telling you, in my opinion, feel really good about
25:05
the silver and gold you're holding because this economy is
25:09
on the brink just domestically in the United States with the
25:13
world geopolitical situation. And we're going to touch on that
25:16
as well, 'cause we got big scary news going on right now in the
25:21
world. Serious, serious scary situation
25:24
in Asia. But let's look at this.
25:26
This came from our friend this guy, So you may remember Coin
25:31
Shop Chris, still a very great friend of mine.
25:34
He sent this to me last night. I had to stretch it out because
25:36
it was vertical. But this is housing inventory
25:41
active listing count in Florida, OK.
25:47
Look at this chart. Guys, darn it, I can't see the
25:51
bottom of it. Shoot.
25:52
Well, anyway, what you see, right, is we had about 140,000
25:57
houses on the market crashed down, right?
26:00
Nobody but there were no houses. Look at this, look to the right,
26:04
Look what's been going on. Look at this trend.
26:06
We are going to see a housing, we're going to see a housing
26:12
crash in this country. I believe we are OK.
26:14
I think we're at a point where there's really very little that
26:19
indicates to me enjoy the wealth that you've got in your house
26:24
right now. If you're one of those people
26:26
that believes your house is worth what Zillow is going to
26:29
tell you it's worth or whatever. But we're we're headed for some
26:33
very, very challenging times economically in this country.
26:37
And it even gets worse. Let's go.
26:39
Let's just go touch on. What does it mean when we know?
26:45
Hold on here. Here we go.
26:49
That the consumer, this is from CNBC.
26:52
The consumer is the US economy. What is a bunch of spenders,
26:58
right? Americans are spending big with
27:01
credit cards. Here's what that means for the
27:03
possibility of a recession. Let's go down to the highlights
27:07
here. Strong consumer spending has
27:10
promoted modest economic growth. The economy's not growing,
27:14
right? It's modest.
27:15
I mean, we're going to get the data down here below indicators
27:18
like savings rates, how much money people are saving, right,
27:22
and credit card. You suggest that households may
27:25
soon rein in their budgets in this here, right here.
27:31
What does that mean when we consider the consumer spending
27:37
represents more than half of the economy?
27:41
We are our whole economy is based on spending.
27:45
OK in the thank you, Susie. In the first quarter of 2023,
27:50
gross domestic product grew. At a 1.1% rocket fuel rate.
27:56
Now stop. I want you to consider this this
27:59
in terms of your silver and gold.
28:01
I need to remind you, let's do a quick refresh.
28:04
When the economy crashes, Jerome Powell in the United States
28:09
Federal Reserve only has one solution, and that is to
28:14
liquidate the economy. They're going to lie to you, but
28:17
liquidating the the money supply, liquidating printing
28:21
money, quantitative easing, Unicorn fart dust, I don't care
28:25
what you want to call it, right? Dilution of the money.
28:28
Hyperinflation is, is likely what we're going to see.
28:33
If you can work a calculator, it's real easy to figure out.
28:36
That's the only thing that they're going to do.
28:39
So you're telling us in the first quarter, gross domestic
28:42
product grew at one point 1% rate.
28:47
Stop. Think about this.
28:49
They're telling the government. Now, look, I hate to break it to
28:53
you. You know, I'm not the guy.
28:55
I'm not going to tell you there's not a Santa Claus.
28:57
I'm not going to tell you. You know, you really can't be
29:01
president, OK? The odds of that, I mean, OK,
29:04
like all these things, but I'm gonna I will tell you this.
29:08
You can be president, you can believe in Santa Claus, but
29:11
please don't believe these numbers.
29:14
They come from your government, whether it's about GDP or
29:18
inflation, right? I mean, people dig in more into
29:21
the inflation numbers. The inflation numbers are
29:24
complete bogus. It's like, what do they use to
29:27
calculate inflation? You know, the cost of, of, of
29:32
rice at the my local Asian. I mean, I don't it's like
29:36
bizarre. OK, so they're telling us that
29:40
we had 1.1% growth, We didn't have 1.1% growth.
29:46
And now the Fed's at the end of its tightening cycle and may be
29:49
coming into focus as consumers reach their breaking point as
29:54
the pandemic fades. I think the pandemic faded a
29:57
while back, CNBC. But nonetheless, historic levels
30:01
of personal savings have taken a nosedive.
30:04
That's because inflation was like 20% in one year.
30:09
OK, So people had to dig into their savings.
30:11
Deposits at banks have crested as consumers keep spending amid
30:17
continually rising prices. Let's just get down to the meat
30:22
here. Analyst at the New.
30:23
York Federal Reserve report record levels of credit card
30:27
debt. So people don't have any savings
30:31
and we have record, record credit card debt.
30:33
This underscores the economic split in the country.
30:37
Yes, right. Yeah, You got rich people and
30:40
everybody else. With.
30:42
Some consumers flush with savings following a thrifty
30:45
pandemic, while others are finding it increasingly
30:48
difficult to spend wisely amid rising prices, mounting layoffs
30:55
and the potential of a recession.
30:59
What do you think? Tell me let's.
31:01
Let's go to the. Comments here.
31:03
What do you think? Do you think we're going to have
31:05
a recession? Let me turn that off.
31:07
Thank you to all our sponsors, and the only sponsor I haven't
31:10
talked about yet today is our friends at Fortuna Silver.
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Man, that stock's been on a tear, right?
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I mean, I've owned it. I own anything I talk about, I
31:21
own. But wow, Fortuna has really been
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They can go up a lot. They can go down a lot.
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A fortress balance sheet is what Jorge Canoza often refers to.
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Thank you Fortuna Silver for sponsoring Ron's basement.
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Yes, we've got a / a billion dollar company that sponsors us
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guys, huh? We're in the big leagues, right?
32:10
Right. First, mining gold is multi
32:12
million ounce deposits in Canada.
32:15
Right pin backs. Is the best place in the world.
32:19
In my opinion, to buy silver and gold.
32:21
Hey, look, you do your own due diligence on all these, but I'm
32:25
excited. OK?
32:26
What? About NFL ticket prices, This is
32:30
how screwed. Up the cut and then we're.
32:31
Going to get the silver. Paying off a house with silver.
32:35
I promise you I'm going to address that.
32:37
I am not going to give financial advice, but I'm going to give my
32:40
opinion. Where was I?
32:45
Oh yeah. NFL Ticket Prizes Have you been
32:48
doing an NFL game? Do you go to NFL football games?
32:51
Right? I don't.
32:52
Right. We don't have a team in Saint
32:54
Louis anymore. Where'd it go?
32:56
Here. This is America From.
32:59
From Trader. Corporates have taken over
33:03
America in a big way. Yeah, the corporations, big
33:06
business took over the country. No doubt earlier.
33:09
You could have a lot of fun in America for little to no money.
33:13
Now, if you don't have money, you can have fun in America.
33:17
Well, you can still have some fun out.
33:19
You know I can. I still have fun.
33:20
Travel, concerts, eating out, vacations.
33:25
Average Americans have been priced out.
33:28
It's pure greed, guys. That's why some people talk
33:31
about potential for big social upheaval in this country.
33:35
May have a sip of coffee. I'm going to tell you more about
33:38
that because you got like 2/3 of the people that are poor and are
33:49
fed up and angry and they don't really understand, thank God,
33:53
they don't understand how bad the system.
33:56
We have a system that if you're a middle class American, if
34:00
you're an average working class American, just working.
34:03
Without a big. Stock portfolio without a,
34:06
without a giant pile of silver and gold, right?
34:09
You're just working. It's the system is set up right
34:13
because of the way the Federal Reserve System is set up.
34:16
Their goal, their goal is to steal 2% of your money through
34:21
inflation. They've exceeded their goal over
34:24
the last couple years, right? In real terms, people that like
34:28
shadow stats that do the real numbers, they what stole 15% in
34:32
one year, 20% in one year. But that's OK if you're it's
34:36
called inflation, that's OK if you're rich in this country
34:40
because you own a bunch of real estate, you own a bunch of
34:43
stocks. And in the stock market, they
34:45
don't call it theft. They don't call it inflation.
34:48
They call it a bull market, OK, in the real estate market, you
34:52
know, right, Right. They call it a good, it's a good
34:55
real estate market, things are great.
34:57
But if you're a working person in this country, right?
35:00
And I, I, I fall somewhere in the middle, you get the shaft.
35:04
Excuse my language. Let's talk about going to an.
35:06
You guys want to go to an NFL game?
35:08
Think about this. I may have a question for you,
35:10
Silver Stacker. Hold on.
35:12
I got to look you in the eye. Oops.
35:15
Hold on. Here we are.
35:17
I'm looking you in the eye. I have a question for you.
35:21
I need to get a prop. Darn it.
35:23
Well, anyway, Anyway, you. Own silver.
35:28
Let's say you got a tube. Do you have a tube of silver?
35:31
A tube of like 20 American Silver Eagles.
35:35
OK, I want you to think about that tube of American Silver
35:39
Eagles as we go back to this, 'cause this is gonna, this is
35:42
gonna get you thinking and we need to be thinking, right?
35:45
Wrong one. There it is.
35:47
NFL game ticket prices. Stupid.
35:52
I mean, this makes me mad. As with most expenses, NFL
35:56
tickets NFNFL ticket cost increase each year.
36:00
In 2012, the average ticket price for an NFL game was an
36:05
astounding. I'll say $190.00 in 2021.
36:12
That's a couple years old. However, the average ticket is
36:15
higher, 457. So take that tube of American
36:20
Silver Eagles. OK, we're rounding here now take
36:23
two of them. Take two tubes.
36:25
Two tubes. Let's say you and your if you're
36:28
married, your wife or husband or friend, you, whatever are you
36:33
and you're going to go to an NFL football game.
36:35
Are you willing to trade by the time you pay to park and get a
36:40
hot dog? I bought some Nathan's hot dogs
36:42
yesterday. I'll tell you about that in a
36:43
second. Anyway, if you're going to park
36:46
and it's going to cost you $600.00, roughly a tube of
36:51
American Silver Eagles each. So are you going to trade?
36:57
Look at me. Are you going to trade a tube?
37:00
Two. Tubes of American Silver Eagles?
37:02
Let me see. Man, I don't want to leave you
37:04
guys. I got in trouble for doing that
37:06
before anyway. Two tubes of American Silver
37:10
Eagles to go to a football game. Somebody, some might.
37:14
No problem. I'm not.
37:15
You know, I like watching Kansas City Chiefs on TV, all that good
37:20
stuff. But holy moly is this.
37:23
Country. A dichotomy or what?
37:26
Two tubes? I'm just going to sit here for
37:28
the rest of the day and ask you that.
37:29
Question, do you want to trade two tubes now I'm going to talk
37:32
about I'd rather trade some of those silver in to pay a house
37:35
off. We're going to get to that in a
37:38
second. OK, I don't know, right.
37:41
It's. Crazy.
37:42
Yeah, I go to the grocery. Store yesterday.
37:44
I need to buy some buns. I go there at I mean, we got
37:48
this grocery store by our house called Dierbergs and I'm like
37:50
shocked at the prices. Absolutely, utterly shocked.
37:54
But I go in the door and I get the Flyers.
37:56
I'm like, I better look at the flyer to see what their Memorial
37:59
Day sale is, right? You can buy Nathan's Hot dogs.
38:02
You know how much Nathan's Hot Dogs cost?
38:04
It's ridiculous. A package of eight hot dogs is
38:08
like $8. I'm like, what for Hot dogs?
38:13
Hot dogs? Get yourself a hot dog.
38:16
Do you know who knows what I'm talking?
38:18
About Hey, get yourself a hot dog.
38:20
Hot dog. OK, that's a hint.
38:23
Who can guess what I'm talking about?
38:25
Hold on here. I gotta get back.
38:28
I gotta get back. Oh, my gosh.
38:29
Ron McAdams, you're back. Thank you for the Super chat.
38:33
Wow. Great, Nate.
38:34
Thank you. Good to see you.
38:36
Great, Nate. And who's this guy?
38:39
Rock Monkey looking for silver to pull back below 30?
38:45
Well, Rock monkey, it could. I got a feeling it's not going
38:49
to, but it's right there, so it definitely could.
38:52
I'll tell you about my prediction for the coming week
38:54
here in a little bit. But they had Nathan's Hot Dogs
38:58
on sale for $3.00. So I'm like.
39:00
So I usually buy the ones that are like a bucket ALDI that are
39:03
made out of mystery meat. Kids can't tell the difference
39:06
anyway, but I splurge, and they had a deal where you get a
39:10
package of Nathan's hot dogs for $3 and a free pack of buns.
39:16
I thought, boy, I hit the jackpot today.
39:18
You know, where was I? All right, we got more.
39:22
Yeah. Oh, yeah.
39:23
Nobody's talking. Nobody's talking.
39:26
Let's get Ron McAdams back up here.
39:28
Smiling face. There he is.
39:29
Hi, Ron. Ronny.
39:30
Ron. Look, nobody's talking about
39:32
silver and gold. I go to my neighborhood swimming
39:34
pool. This is the Ron's neighborhood
39:37
swimming pool. Gold and silver indicator.
39:40
I see my neighbors, right? I talked to my one neighbor.
39:43
Smart guy. Smart guy, smart guy for an
39:46
hour. He knows that I'm obsessed with
39:49
silver and gold, and I thought I'm just going to see if he
39:51
asked about silver and gold. He's asked about it in the past,
39:54
OK? I talked to him for more than an
39:56
hour, nothing, nada, nada. Then some other neighbor came up
40:00
who I didn't really want to talk to.
40:02
And I've told you this, if you're ever in a social
40:05
situation, OK, this is a silver and gold fundamental.
40:09
If you're ever in a social situation, somebody comes up to
40:11
you that you really don't want to talk to.
40:14
Start talking about silver and gold.
40:15
They scatter like fleas. It's like you got scurvy.
40:18
They go. We don't.
40:19
Want to talk about that? We don't want to talk about
40:21
that. We want to talk about I don't
40:23
know. You know the weather.
40:24
Anything but silver and gold. And.
40:27
Then my neighbor, he was talking to me about the dive diving
40:30
board and our pool's broken. This is a little bit off topic,
40:33
but it, it kind of hurt my feelings a little bit.
40:35
And he was talking about how the back of it's rusting and that it
40:40
and and that, and then like, maybe bigger people shouldn't go
40:42
off it. And he kind of insinuated I
40:44
shouldn't go off the dive board. I'm like, oh really?
40:47
You know, what the heck? All right, let's talk about
40:52
we're going to get to this. Paying off a house.
40:54
Uh oh, hold on here. Paying off a house with silver
40:58
and gold. Bye.
40:59
Bye, Ron McAdams, everybody. Say bye to Ron, one of our
41:04
fundamental basement dwellers. Well, I got to ring the bell.
41:07
Susie's going to kill me. What else am I forgetting?
41:09
I love to get silver in the mail.
41:11
Please give this a thumbs up. Maybe we can get to 300.
41:14
I don't know. And super chats are always super
41:17
appreciated. Thank you for the three Super
41:18
Jets today and. You can subscribe, it's free, We
41:22
put out new content every single day.
41:24
You'll meet great other silver and gold enthusiasts.
41:27
Really good quality people here. Overwhelmed by the high quality
41:31
people. You're in good company when
41:33
you're in the basement. Not with me, but with these
41:35
other people. OK, but I got to ring the bell.
41:38
We've done this for the ages. 200 thumbs up.
41:41
OK, All right, where was I? Guys, this is serious.
41:50
This is could be very, very scary.
41:52
But apparently just so you get us caught up on world events.
41:55
We know China loves silver and gold.
41:58
We know that silver cost $4.00 per oz more on the Shanghai.
42:02
Gold. Exchange and the Shanghai.
42:06
Futures. Exchange.
42:08
But. There's a lot more going on with
42:11
China right now. They could have serious
42:13
ramifications geopolitically in the world.
42:17
Apparently, Taiwan as a new president.
42:20
I'm just gonna give you the so you can speak at your BBQ this
42:23
afternoon, speak fluently about this.
42:25
Taiwan is a new president and China is sending a message that
42:31
like Taiwan, you might think you're independent, but we own
42:35
you. Apparently they had massive
42:37
military drills over the last two days and encircled the
42:42
island, right? Had like mock missiles going
42:46
off, all kinds of crazy stuff. Look, if you invest in silver,
42:52
you invest in gold, you invest in an asset that is timeless,
42:57
has provided a safe harbor during everything that the world
43:01
has been able to throw at it. And I got news for you.
43:04
Are we asleep? I have a question for you.
43:08
Are you asleep or am I asleep? No, everybody else is asleep.
43:13
Because guess what? The world right now is throwing
43:18
more at silver and gold than it has for anytime during your
43:23
lifetime and my lifetime. OK, unless you're in your 80s.
43:25
And if you are, hey, good for you.
43:28
Happy you're here. But if you're younger than 80,
43:31
right, we've never seen so much scary, bad geopolitical
43:38
situations thrown at your silver and gold.
43:40
And guess what they're doing? They're doing what they've
43:43
always done. They're doing.
43:45
They're serving their purpose, right?
43:48
They're maintaining their value. So when that's going on with
43:52
China and Taiwan and we've got war in Europe, war in Europe, I
43:57
still say, imagine you come knock on my door, right?
44:01
We come down here, we're having a cup of coffee, the year's
44:04
2019. And I tell you what, we're going
44:07
to have a pandemic. I can tell the future, right?
44:10
Don't make any financial decisions based on anything I
44:12
say. But it's 2019.
44:14
You're five years younger, five years better looking right, five
44:18
years. Whatever.
44:19
It's 2019 and I tell you we're gonna have a a pandemic, OK?
44:24
And they're gonna make us all get shots and they're gonna keep
44:26
us locked in our houses. They're gonna shut the economy
44:29
down. The Fed's gonna print 40%.
44:33
Forty, yes, 40% of the money that's ever been of dollars.
44:39
They're gonna increase the number of dollars in the world
44:42
by 40%. Think about that alone.
44:44
And then I tell you, oh, yeah. But then a couple years later,
44:48
we're going to go to war in, in Europe.
44:52
Yeah. And then I tell you that there
44:55
that ended a couple years after that, we're going to have
44:59
another war in the Middle East. And then I tell you that China
45:04
is going to, I mean, guys, we it's easy because it's, it's
45:09
normal. It's like normal now, but take a
45:11
step back and look at what's going on in the world right now
45:15
and it is absolutely crazy town. I'm sorry there's no other way
45:20
to describe it. Let's.
45:21
Talk about that you want you want to pay off a house, pay off
45:24
a. Mortgage with silver.
45:26
I got to read this to you and I want to, I want to conceal this
45:31
man's identity, but he had a really heartfelt question.
45:34
And can you pay off a house, a mortgage with silver?
45:37
And I'll give you my opinion. OK, hold on one second.
45:50
I was drinking coffee. You may not have been able to
45:52
see it because the cup is camouflaged.
45:57
That is why Susie keeps me in the basement.
46:00
OK, Dear Ron, I. Have a silver question?
46:03
For you, we own our home but have a $200,000 fixed mortgage
46:09
at around 3 1/2 percent. The house is worth around
46:14
400,000. We have no other debt
46:17
whatsoever. If we have about 1000 ounces of
46:21
silver also, do you think someday we can pay off all that
46:27
debt with silver? Should we buy more silver?
46:30
Right. 'Cause they're they he, I'll,
46:32
I'll give this guy's, you know, they're able to save money every
46:35
month. Should we buy?
46:36
More. Silver or should we work on
46:38
paying off our house right now? But let me tell you this first.
46:41
And I have a degree in accounting.
46:43
I understand money, right? Musicians can read music.
46:47
I can't. I work with a bunch of musicians
46:50
at night. Anyway, I can't read that stuff.
46:54
I use it for scratch paper when I'm writing notes.
46:56
I turn it over the from the anyway, I can read financials.
47:01
I understand money. OK, I will tell you five years
47:05
ago and and I've been posed with this question, I would have said
47:08
pay off your mortgage. Pay off your mortgage, OK, but
47:13
now, now given where we are, if a person and this is what I told
47:17
him, if you have a fixed rate mortgage, right, If you have a
47:21
fixed rate mortgage, so the rate can't go up and it's for 30
47:25
years given the current interest rate environment.
47:30
And given all the other factors that we've talked about, a lot
47:34
of the stuff we talked about today.
47:36
The world factors, OK, the United States, domestic factors,
47:40
the, the, the debt, all that stuff, everything going on OK,
47:45
The one time in my life I change and I say if, and this is only
47:50
with fixed rate long term, like a mortgage on a house, I'd keep
47:54
the mortgage. And will you be able to pay the
47:57
house off at some point with 1000 ounces of silver?
48:00
I think there's a darn good chance of that.
48:02
Over the next 30 years? Absolutely.
48:06
OK. Now, if you're going to pay off
48:09
that $200,000 mortgage with 1000 ounces of silver, that would
48:14
mean 200 oz silver. Do I think silver is going to
48:17
get the $200.00 per oz at some point in the next 30 years?
48:22
I do. I'm sorry, throw eggs at me,
48:25
whatever you want. Do I think it could happen in
48:27
the next 10 years? I do right?
48:30
So if you just hold on to that silver.
48:32
And you don't have to do anything.
48:34
Hide it, whatever, OK? And you hold.
48:37
On to that mortgage, right, which is that low percentage?
48:41
I think no matter how you, no matter how either silver goes to
48:45
$100.00 an ounce, 100 and 5065, you're still better off with the
48:50
silver. Oh, and here's the other thing.
48:56
Here's the big key. OK, at some point, right?
49:02
And could you pay the house off with 100 ounces of silver?
49:05
Some people say, I've heard, I think Rafi Farber has said that
49:07
there could be a brief window when silver really, I mean,
49:10
Lynette Zhang talks is I've heard her on my show and others
49:15
talk about she thinks the real value of silver is about $2000.
49:19
I got news for you. Don't worry.
49:21
Don't pull out your calculator. If silver goes to $2000 per oz
49:26
and you have 100 ounces, you have 200, right?
49:30
Yeah, $200,000. Right.
49:33
Yeah, Yeah. Two, yes, you can pay off your
49:38
house with 100 ounces of silver, OK.
49:41
But the big key thing here is, is this.
49:44
If you do that, when that happens, you're not you're
49:48
converting, you're converting that silver, OK, from being a
49:53
physical silver that you own, you're converting that into a
49:57
real, another real asset, which is always a smart thing to do.
50:00
You're converting it into real estate, right, a real asset.
50:05
All right, guys, thanks for being here today.
50:08
Make sure I didn't didn't forget anything.
50:09
I appreciate all the moderators. I appreciate you.
50:12
Have a great day and I'll see you soon.