Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 📢 VIP Insights: What Reuters and CNBC Predict for Silver and Gold❗️

Transcript

📢 VIP Insights: What Reuters and CNBC Predict for Silver and Gold❗️ · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  2024 can be the year for silver investors and gold investors.
• 0:07
  Believe me, It will happen. It can happen.
• 0:11
  Two of the biggest mainstream financial media outlets, CNBC
• 0:16
  and Reuters, both were talking about precious metals.
• 0:21
  What that never happens, we're going to talk about what both of
• 0:25
  them said and in particular, Reuters had some crazy good
• 0:29
  information for silver investors and gold investors.
• 0:33
  We're going to go talk about that.
• 0:35
  But also we're going to talk about other major factors coming
• 0:39
  in 2024. One that I think will be the
• 0:42
  behemoth that not many people are talking about that will
• 0:46
  cause the price of silver and gold to skyrocket.
• 0:49
  And we're going to talk about digital gold and digital silver,
• 0:54
  love it or hate it, we aren't going to take away your ability
• 0:57
  to hold physical. If you don't hold it, you don't
• 1:00
  own it, right? We're going to talk about that
• 1:02
  as well and why that could be a major exciting development
• 1:06
  coming in the next 12 months. It could be crazy for US.
• 1:10
  Silver and gold investor at CNBCCNBS is what a lot of us
• 1:20
  call it. They never talk about silver and
• 1:22
  gold, but if you ever noticed, when you do watch CNBCI, don't
• 1:27
  recommend watching it more than 10 minutes a day.
• 1:29
  But if you do look at the bottom right corner, they're always
• 1:33
  putting up the price of silver and gold.
• 1:35
  I wonder why we talk about that. Same thing with Yahoo Finance.
• 1:39
  Why do they have the Dow, the S&P, the NASDAQ, And then the
• 1:44
  next thing they list on the top banner of their page is the
• 1:49
  price of silver and gold. Because it matters, that's why.
• 1:53
  Because they know it's the only form of real money.
• 1:58
  Like our old friend John Exter from the United States Federal
• 2:01
  Reserve. Do you guys know about Extras?
• 2:03
  Pyramid. Read about it.
• 2:05
  It's an inverted pyramid. This was written by a man who
• 2:07
  spent most of his career at the Federal Reserve, and he talked
• 2:11
  about in no uncertain terms how, no matter how you slice it, no
• 2:16
  matter how you dice it, we got news for you.
• 2:20
  At the end of the day, everything electronic, money,
• 2:24
  paper money, debt, derivative, everything in the whole
• 2:27
  financial world rests on a little base, a little solid base
• 2:32
  of silver and gold. But you you want to know, what
• 2:35
  did CNBC say about silver and gold?
• 2:39
  Well, let me tell you what they said.
• 2:40
  They have a, a segment apparently called the three
• 2:44
  stock lunch and they got to the end of it and they said, well,
• 2:46
  this last thing we're going to talk about isn't really a stock.
• 2:50
  We're going to talk about gold and is gold a good investment?
• 2:53
  We're going to show you a couple pharmaceutical commercials and
• 2:58
  then a a farmer's insurance commercial.
• 3:01
  We're going to come back and talk about gold.
• 3:03
  You ever notice that? Am I the only one Like the
• 3:05
  little bit that I watch Fox News?
• 3:08
  CNNCNBCMSPP, not MSPMSNB. Whatever they are, all they have
• 3:14
  are auto insurance commercials and pharmaceutical commercials.
• 3:18
  Why do they have to advertise pharmaceuticals anyway?
• 3:20
  That doesn't make any sense. Gold on CNBC.
• 3:25
  This is what the analysts said. He said the price action has
• 3:29
  been good. Check.
• 3:30
  We know that, right? There's a lot more.
• 3:33
  But he also said gold and silver are notorious for fake outs,
• 3:38
  meaning they start to go up and then they drop back down, right?
• 3:42
  Oh well, we know that, OK. But we also know, right?
• 3:46
  There was a fake out that occurred from the year 2000
• 3:49
  onward when gold went up multiple times in value.
• 3:52
  Those fake outs don't always last, and we know from a
• 3:55
  technical perspective that gold had bumped up against this level
• 3:59
  that it's at now three times. That's called a triple high
• 4:03
  guys. And anyone who's a professional
• 4:05
  in the world of investing and trading will tell you that
• 4:08
  double tops like that are very rare.
• 4:11
  Triple tops are even more rare. Quadruple tops are almost never
• 4:16
  heard of. Most likely statistically we're
• 4:19
  in for much higher prices for gold and that will mean much
• 4:23
  higher prices for silver in 2024.
• 4:25
  This analyst then went on to say gold needs to break above $2100.
• 4:30
  He talked about silver to $2100 and hold that on a monthly
• 4:35
  basis. That means that at the end of
• 4:37
  the month, like at the end of January, the end of February, we
• 4:40
  need gold above $2100. But, but we got more information
• 4:45
  here from this Reuters article that is going to blow your
• 4:49
  brains in, in terms of that, he said.
• 4:51
  Gold's made mostly a fear trade on Fiat, but we're having major
• 4:57
  geopolitical and monetary problems right now in the United
• 5:02
  States. Then they actually talked about
• 5:04
  silver. They said well you know, silver,
• 5:06
  a lot of people are saying this is CNBC, OK, this is like a 3
• 5:11
  minute segment. They talked about how silver
• 5:14
  will outperform gold, if indeed gold does go on this great run
• 5:20
  into 2024. CNBC.
• 5:23
  Yes, the home of that. Unbelievably intelligent, honest
• 5:28
  and great analyst, Jim Cramer. Yeah, Cramer was not in on this,
• 5:34
  but who knows? Are we going to have Jim Cramer?
• 5:36
  Oh gosh, a lot of people say Jim Cramer is the kiss of death that
• 5:40
  when he says to buy something, that means to sell.
• 5:43
  So maybe we don't want Jim Cramer talking about gold and or
• 5:47
  silver. They didn't talk about the
• 5:49
  mining stocks, but I'm telling you guys, the gold and silver
• 5:52
  mining stocks are still in deep, deep, deep value territory and
• 5:59
  have the potential to have unbelievable runs next year.
• 6:02
  Look, any of these things we talk about silver, gold mining
• 6:06
  stocks, I don't have a crystal ball.
• 6:08
  I'm not giving you financial advice.
• 6:10
  I'm telling you what I see out there.
• 6:12
  I synthesize it, present it to you, offer my opinion, maybe a
• 6:17
  little bit of humor thrown in as well, but don't make any
• 6:21
  financial decisions based upon anything that I'm saying here
• 6:23
  today. So what does it mean that CNB CS
• 6:26
  on A on A, on a key segment of their show talking about silver
• 6:31
  and gold? Think about Costco, what's going
• 6:34
  on with Costco, right? Think about people are sending
• 6:37
  me now more and more Walmart links, and I don't know if
• 6:39
  Walmart has yet started selling gold and silver directly.
• 6:44
  They've been selling it for a while, but Walmart has been
• 6:47
  selling gold and silver through mostly third party companies on
• 6:52
  their walmart.com website. Costco is selling directly to
• 6:56
  people, not just gold. Don't forget they sold $100
• 6:59
  million of gold essentially in the last three months.
• 7:03
  It'll be super interesting to see what these next three months
• 7:07
  produce in terms of their gold sales.
• 7:10
  But then we get news that they're selling silver, our
• 7:13
  favorite silver. Yes, they're selling tubes of 20
• 7:16
  American Silver Eagles to the American public.
• 7:19
  I'll tell you who's happy about that.
• 7:21
  I'll tell you. I'll tell you.
• 7:23
  Thomas Jefferson. Hamilton, Benjamin Franklin, the
• 7:27
  Founders, the foundation of our country.
• 7:30
  Right. George Washington, Alexander
• 7:33
  Hamilton. What's the other guy I'm trying
• 7:35
  to think? Oh, Andrew Jackson, they're
• 7:37
  they're loving, they are. They're, they're up in heaven
• 7:40
  and they're looking at Costco and saying way to go Costco,
• 7:44
  you're giving the American people what we wanted them to
• 7:48
  have all along. Because don't forget guys, it's
• 7:50
  in the United States Constitution.
• 7:52
  The gold and silver are legal tender and we've got it moving
• 7:57
  across the country right now. 2024 another big factor that
• 8:03
  we're going to be talking about, massive potential factor of
• 8:06
  demand for metals is as more and more states take concrete action
• 8:11
  to pass legal tender legislation to give their citizens the
• 8:16
  ability to reclaim a right that was given to them by their
• 8:20
  founding fathers to use silver and gold as legal tender.
• 8:23
  Part of that part of that potential is asset backed
• 8:29
  digital currencies. Now don't run away, Don't get
• 8:31
  mad, don't throw virtual Ding Dongs at me.
• 8:34
  Okay. Asset backed digital currencies.
• 8:36
  Okay. That would mean that a state
• 8:39
  depository has silver and gold in their state vault.
• 8:43
  It's audited, it's regulated. We're not talking about Fart
• 8:47
  Knox, where nobody knows how much gold is really there
• 8:50
  because the American people, even though it's ours, we're not
• 8:53
  allowed to know or see that it's actually there.
• 8:56
  We just have to believe, right? Kind of like we just have to
• 8:59
  believe in the value of the dollar, right?
• 9:02
  No, These state depositories would be transparent audited and
• 9:08
  you could then have a digital claim on one or 10 or 1000,
• 9:13
  let's say, ounces of silver in that state depository.
• 9:18
  But you could have a digital claim on whatever amount of
• 9:23
  silver you own in this state depository.
• 9:27
  OK. You could then use that
• 9:29
  functionally. Let's say you want to go buy a
• 9:32
  new television for $250 and you think, oh, it's going to cost me
• 9:36
  about 10 ounces of silver. OK.
• 9:38
  Well, instead of having to pick up 10 ounces of silver and take
• 9:41
  it to the to the electronic store and then look at you
• 9:44
  funny, this would facilitate your ability to use silver to
• 9:48
  buy that television. The silver would be transferred
• 9:52
  from your account to someone. They would then have a claim on
• 9:55
  it if they wanted to convert it back in the dollars.
• 9:58
  It's all very transparent, very easy.
• 10:01
  And the big key to remember here before we all yell and say I
• 10:05
  don't want digital nothing, We're not talking about
• 10:07
  cryptocurrency here, OK? We're not.
• 10:10
  We're not talking about another Bitcoin or Doji coin or whatever
• 10:14
  moon coin they came up with. No, we're talking about an asset
• 10:17
  backed digital currency. There's a big, big, big, big,
• 10:22
  big difference and we have to realize that.
• 10:25
  And what it could do is make silver and gold much more
• 10:29
  functional #1 #2. In doing so, it could create
• 10:35
  massive demand for the metals, for silver, for gold.
• 10:40
  The individual states can do this on their own, because the
• 10:44
  Founding Fathers were afraid of the big government getting too
• 10:49
  much power, too much control. They want.
• 10:51
  They want us to move the CBD CCS.
• 10:54
  That's what we should be afraid of, right?
• 10:56
  And that's what the Founding Fathers were afraid of.
• 10:59
  It's it's OK to talk about this. You are a patriot if you're
• 11:03
  talking about this, because that's what your Founding
• 11:05
  fathers. It's no different now than it
• 11:08
  was 100 and 5200 years ago. Listen to what Thomas Jefferson
• 11:11
  talked about with central banks, right?
• 11:13
  Banks, big banks. Central banks were the biggest
• 11:16
  threat to our country. More of a threat than an
• 11:18
  invading army. Thomas Jefferson said that OK,
• 11:24
  so talking about this and being behind this is actually what our
• 11:29
  original founding fathers wanted when they granted us the US
• 11:32
  Constitution when they granted us those forms of liberty.
• 11:35
  Fortuna Silver Mines is a global intermediate gold and silver
• 11:39
  producer. Since 2005, Fortuna's best in
• 11:43
  class management has delivered impressive growth and profits.
• 11:47
  Fortuna's solid financial position and operational
• 11:51
  expertise allows for performance in any precious metals price
• 11:56
  cycle and provides a foundation from which to harvest great
• 12:00
  profits in more favorable metals markets.
• 12:03
  Investing in Fortuna is an investment in quality, long
• 12:07
  term, sustainable production of in demand precious and base
• 12:11
  metals. This is from Reuters.
• 12:15
  Gold to enter 2024 with sights set on record highs.
• 12:21
  Now we're talking about silver too.
• 12:23
  We're going to get a record in silver.
• 12:24
  You watch old Smitty the Silver Bear.
• 12:27
  He's ready for it. Gold investors anticipate record
• 12:32
  high prices next year when the fundamentals of dovish pivot in
• 12:35
  US interest rates, continued geopolitical risk and central
• 12:41
  bank buying are expected to support the market after a
• 12:44
  volatile 2023. OK, we know that already, all
• 12:49
  right. We know that, right.
• 12:51
  Interest rates dovish interest rates.
• 12:53
  Geopolitical Spot gold was up 13% in 2023.
• 12:58
  That's awesome. Woo Hoo silver treaded water.
• 13:01
  But silver had a bunch of cruddy negative impact Things going on
• 13:07
  with it. OK, here's a quote.
• 13:10
  This is, this is the golden information right here.
• 13:14
  And I got. Then I got the big X Factor.
• 13:16
  But this is the golden information, The gold and silver
• 13:20
  information, the silver lining, if you will.
• 13:23
  This is a quote. I'm going to, I'm going to, I'm
• 13:25
  going to credit the author on this.
• 13:27
  Following on from a surprisingly robust performance in 2023, we
• 13:34
  see further price gains in 2024. They're talking about gold and
• 13:39
  silver driven by a trifecta of momentum, momentum chasing hedge
• 13:46
  funds. We haven't heard about that.
• 13:49
  We haven't even talked about that.
• 13:50
  That's new. The hedge funds are going to be
• 13:52
  chasing gold, OK, the momentum and it's already started.
• 13:57
  Central banks continuing to buy physical gold at a firm pace.
• 14:02
  We already knew that and not, and not least, renewed demand
• 14:08
  from ETF investors. That came from our old friend
• 14:13
  Ole Hanson at Saxo Bank. He's seen ETF inflows into
• 14:21
  silver, into gold. He's seen this is the big golden
• 14:25
  nugget. The hedge funds now chasing
• 14:28
  gold, chasing the momentum that gold has.
• 14:32
  We know once gold gets a close above $2100 on a monthly basis,
• 14:39
  that's really gonna wake up a lot of people.
• 14:42
  JP Morgan, yes, that JP Morgan, the one that controls the metal
• 14:46
  markets, sees a breakout rally. And guys when we're talking
• 14:50
  about gold, we're talking about silver and silver will move even
• 14:54
  more dramatically, a breakout rally for gold in mid 2024.
• 15:01
  Well that goes right with what we're what basement dollars are
• 15:04
  saying. We're going to get above 2100
• 15:06
  and by May we're going to get to 2600 in gold.
• 15:09
  A breakout rally in mid 2024 with a targeted peak.
• 15:14
  This is JP Morgan of $2300. OK.
• 15:18
  UBS forecast a record of 2150 by the end of 2024.
• 15:26
  We've got Reuters and CNBC. What is that telling us?
• 15:31
  Both putting out very, very positive bullish commentary
• 15:37
  about gold. And when they're talking about
• 15:39
  gold, we know they're also talking about silver.
• 15:42
  Don't forget to please give this a thumbs up, guys.
• 15:44
  Thumb there. Thumb.
• 15:46
  It's somewhere down there. That helps get the word out.
• 15:48
  I want you to come back. I want you to feel welcome.
• 15:52
  I want you to also realize I do my best to get all this crazy
• 15:57
  information that's going on out there, synthesize it into what I
• 16:01
  think is educational and somewhat entertaining.
• 16:05
  You have a head on your shoulders as well.
• 16:08
  You can think for yourself, and I know you know that.
• 16:10
  And that's why those are the type of people that come here.
• 16:13
  Listen to what I have to say. Listen to other people.
• 16:16
  Develop your own thesis. Share your ideas with us because
• 16:20
  your thoughts matter. We learn from each other.
• 16:24
  Trust me, I tried to figure it all out up here for years.
• 16:27
  It doesn't work out too well. OK?
• 16:29
  We have the ability to help each other, and that's what US
• 16:32
  basement dwellers like to do. Let's talk about The X Factor.
• 16:37
  Let's talk about the little, the little gem that could seriously
• 16:41
  propel the silver price and gold price next year.
• 16:45
  I believe right now we are in a state of a little time window of
• 16:50
  deflation in this country and that's the D word.
• 16:55
  The other D word is depression. I believe we are, we are
• 17:01
  witnessing right now the most intense part of like a
• 17:05
  thunderstorm. The result of financial
• 17:09
  mismanagement by our leaders, the result of monetary
• 17:13
  mismanagement by our Federal Reserve.
• 17:16
  The result of of all the money printing now.
• 17:20
  The result of all the interest rate hikes that went on over the
• 17:24
  last year and a half, two years, which if we listened to him
• 17:27
  three years ago, weren't supposed to happen until right
• 17:29
  now anyway. But that's a whole different
• 17:31
  story. It's all coming together.
• 17:33
  We've got a little deflationary window, a little hit that's
• 17:36
  occurring right now. That's why the Fed is freaking
• 17:41
  and going to pivot. And I'm telling you guys, we
• 17:43
  will get that inflation surge again next year.
• 17:47
  I think it's very, very likely. I think when the inflation surge
• 17:52
  hits this time, we're going to see an uptick in investor demand
• 17:56
  for silver and gold. Here's a little secret.
• 17:59
  The only thing that kept us from getting 30 or $35 silver right
• 18:06
  now is the fact that investors sold silver last year.
• 18:11
  It's happening at the coin shops.
• 18:12
  It's happening with the ETFs. It's happening on the big
• 18:16
  exchanges, OK? People were selling like, not
• 18:18
  you and me. I didn't sell any silver, but
• 18:21
  overall there was selling pressure in silver.
• 18:25
  That's the only thing that kept us from right now having 30 or
• 18:29
  $35.40 dollar, possibly silver. Well, the only thing that kept
• 18:35
  gold from being at 2320 four $100 right now was some selling
• 18:40
  pressure, right from investors, not from central banks they were
• 18:44
  buying. That helped Bowie.
• 18:46
  But if we get just the smallest shift in investor demand, and
• 18:52
  that's what Ole Hanson's talking about, increased ETF buying, OK,
• 18:57
  increased coin shop buying, increased buying at places like
• 19:01
  Pimbex, our sponsor, the online bullion dealer, they've got
• 19:05
  increased buying because they do a great, great, great job,
• 19:09
  right. They're they're bucking the
• 19:10
  trend because people are realizing that they want to get
• 19:13
  gold, silver or platinum. They go to our channel sponsor,
• 19:17
  Pinbex, like I did long before they sponsored the channel.
• 19:22
  If you check out Pinbex, if you're looking to get some
• 19:24
  silver, gold or platinum, you're going to find their prices are
• 19:27
  always ultra competitive, usually the best of what you can
• 19:32
  find. You being here today, have a
• 19:35
  great rest of the day and I'll plan on being here again
• 19:37
  tomorrow. Remember, every day for the rest
• 19:40
  of my life. Thank you.