Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🔥GOLD SILVER - ALERT!🔥 THIS is UNSTOPPABLE ... (Silver Price and Gold)

Transcript

🔥GOLD SILVER - ALERT!🔥 THIS is UNSTOPPABLE ... (Silver Price and Gold) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
The silver and gold market are on the move this morning, but
0:03
most importantly, we want to look at the reasons why.
0:07
What is driving this? What could be Santa rally in the
0:11
precious metals? Also, we want to take a real
0:14
close look at silver because we are on the verge of something
0:17
very exciting yet again with silver.
0:20
And of course, we're going to talk about Elon Musk, who's
0:22
giving us these massive warnings, but is he really, is
0:27
he really going to become neutered when it comes to these
0:29
massive changes they're talking about?
0:31
And we're going to talk about how that will impact the price
0:34
of our favorite thing, right? Silver and gold.
0:38
I'm so glad you're here. Thank you for being here.
0:40
Thank you for being part of the basement.
0:41
Thank you for your patience this morning.
0:43
If you want to get more content on a daily basis, don't forget
0:46
you can subscribe. That's free.
0:48
We're still doing the free subscription special and give
0:53
the video a thumbs up. Thank you.
0:54
Most importantly, right, it's not Ron Tube, it's YouTube.
0:58
You're important, you're part of this group.
0:59
So thank you very much. Let's go take a look at the
1:02
silver and gold price and get an update on what's going on as we
1:05
were a bit delayed this morning. Let's see, going to go out to
1:09
channel sponsor pin backs, press the magic button and OK,
1:13
silver's up seven cents. Wow, gold is moving $2687.00 per
1:20
oz. We're going to start by talking
1:22
about the reasons why we're getting this big move up in
1:26
gold, OK, And then we're going to talk about the big reason why
1:29
we need to pay super close attention.
1:31
Look at some interesting charts for silver as well.
1:35
But guys, we cannot I, I had one of those Eureka moments this
1:39
morning when I realized something very critical about
1:43
the silver and gold price price. And the reason why we want to
1:46
pay attention to this is because what we're seeing occur right
1:49
now with China will only continue to grow in importance
1:55
for the precious metals prices. China, China, China and I'll
1:58
share you, I'll share the Eureka moment with you in just one
2:02
second. But we know that the reason why
2:05
the gold price has been moving over the last few days starts
2:09
here. Gold rises as China resumes
2:11
buying. OK, so we know China, we're not
2:14
going to we're not going to go down that rabbit hole.
2:16
But China started buying gold again.
2:18
They had not bought for six months.
2:20
However, they bought last month and prior to their six month,
2:25
their little gold break they took, they went the time out for
2:28
gold. They put time, they took a
2:30
little, a little rest from buying gold, but prior to that
2:33
six month break, they bought gold for 18 straight months.
2:37
China is huge. China, according to the IMF, is
2:40
the largest economy in the world.
2:42
China, according to everybody else, is the second largest
2:45
economy in the world. China is the world's
2:47
manufacturer. China will drive the price of
2:50
gold and silver and, and I'm just going to, I'm going to ruin
2:53
it for you right now. That Eureka moment that I talked
2:56
about was when I realized that, let's say over the last number
3:01
of decades, the United States Federal Reserve and and Jerome
3:05
Powell, who will be hearing from here in just a short week, they
3:09
had all the power over the precious metals prices.
3:12
But now it's almost becoming, in my opinion.
3:15
I'd be curious how you see this, right?
3:18
You've got a brain, you can share your thoughts.
3:20
But to me, it's almost now a 5050 split when it comes to
3:25
influence over the silver price, over the gold price.
3:30
So the reason why we need to pay attention to China is because
3:33
not only are they now exerting so much more authority over the
3:37
precious metals prices, but they're growing as well.
3:40
And that's been evidenced here just in the last few days.
3:43
So it was China central bank buying gold, but also an even
3:46
more important. And everybody's focused on the
3:50
central bank, China, some P Bach, the P Bach, the People's
3:53
Bank of China, let's call them by their appropriate name,
3:56
buying gold. But what's even more important
3:59
is that they are now hinting over and over that they're going
4:02
to stimulate. And we're going to see that in
4:04
the United States as well. See if I can get wrong chart,
4:09
here we go. There.
4:11
We're going to see the same thing occur in the United
4:13
States. Be ready as a silver and gold
4:16
investor, right? And, and you know why we want to
4:20
pay attention to China on this is because it's telling us what
4:23
we have to expect in the United States as well.
4:26
And this again, this was from yesterday, but they did it again
4:29
overnight. China vows more proactive fiscal
4:32
stimulus, moderately looser monetary policy.
4:35
So overnight I, I watch a guy most mornings named Phil
4:40
Streibel from blue line futures, super smart guy.
4:43
He does like a 5-10 minute video.
4:45
And I believe this morning he said that overnight again, China
4:48
hinted that, you know, they're giving these hints, big hints
4:53
that they're going to stimulate their economy.
4:55
Thank you, Jake from Jake's custom parts man, he's a
4:58
moderator, he's a donator. He's all everything all ramped
5:01
up in one. We love you, Jake.
5:04
So does everyone in the gold and silver community.
5:07
But China is, is now saying we're going to have to keep
5:10
interest rates lower. We're going to have to stimulate
5:12
the economy. Or guys, don't forget, don't
5:15
forget, China is becoming as influential and growing over the
5:21
silver and gold price. So we're going to keep a close,
5:23
close eye on that. They had some bad economic data
5:27
overnight that that's the thing. China's the new game in town in
5:32
China is gaining and gaining and gaining.
5:34
We're going to talk about later. There's so much going on.
5:39
I listened to Keith Newmeyer last night.
5:41
I listened to that Garrett Soloway guy.
5:43
Who else I listened to Matt Pipenberg.
5:47
There is got. We got a lot to talk about
5:50
because we are headed we are headed for the somewhat promised
5:54
land as thank you Silver Surfer. Merry Christmas to you too.
5:58
Thank you for that super chat for silver and gold in Elon
6:02
Musk, despite all of his warnings, cannot save us.
6:07
OK, all right. The cat is out of the bag.
6:10
We're going to have massive gains in the gold and silver in
6:12
the gold and silver market. All this talk about Elon Trump V
6:17
back is great and I agree with it.
6:19
Right there is massive, massive waste.
6:21
I'm not making a negative political statement at all.
6:24
I think you know where my political allegiances lie at
6:27
this point. But what I'm saying is it's too
6:30
late. Remember that song?
6:32
Too late, Too late. I just lost a subscriber.
6:37
I apologize for saying it's too late, guys.
6:40
It's it's the, the the cat's out of the bag.
6:43
The fire has taken over. I'm going to use that analogy
6:46
one more time as we talk here, but at this point, the only
6:51
option. Listen, look, I spent hours and
6:55
hours listening to the smartest people.
6:57
Matt Pipenberg. That guy is brilliant, right?
7:00
The cat's out of the bag. They can't.
7:04
No matter what they try to do right to right the ship of the
7:08
United States, they cannot change this.
7:11
And everyone is saying that, right?
7:14
It is fantasyland to think, right, that that, that that Elon
7:19
Musk is going to be able to cure this.
7:22
I mean, they're will they make a dent?
7:24
Absolutely. Will they take away the fact
7:27
that we've got so much debt in the only way out is by inflation
7:31
and that that right. There's a big reason why we want
7:35
to pay attention to people like Matt Pipenberg, right?
7:38
That's the only thing they can do.
7:41
Here's what's going to happen. And in the tomorrow, we're going
7:43
to get massive news or the gold and silver market, the CPI
7:49
number, the some people call it the CP lie number.
7:53
I won't go that far, but let's just say that the shadow stats
7:57
comes up with a much different inflation number than what our
8:00
government is going to report to us tomorrow.
8:03
We're probably going to see higher inflation.
8:07
We're definitely in real terms going to have much higher
8:10
inflation. But the reason we want to keep
8:12
an eye on that inflation number tomorrow, sure, the Fed has a
8:16
little bit of sway still, right? It's shrinking their ability to
8:19
affect the silver and gold prices.
8:21
So this inflation number that they'll give us tomorrow, right,
8:25
will mean something. But what we're going to see in
8:28
the reason why we want to keep a close eye on how these inflation
8:31
numbers develop in the coming days and then months, quarters
8:36
and years as we are going to see inflation skyrocketing because
8:40
this is this is what happens. And I'll say his name one more
8:43
time. Matt Pipenberg.
8:45
Oh, oh, oh, OK. Hold on.
8:47
Silver Surfer. Yes, that.
8:49
Thank you, Silver Surfer for the Super chat.
8:51
That's a tongue twister. The only thing this has
8:55
happened, this is the I got a truth bomb for you.
8:59
This has happened over the last thousands and thousands of
9:03
years. What the United States find, the
9:04
position the United States finds itself in right now is not
9:07
unique. In over thousands and thousands
9:10
of years, the value of silver and gold have have, have, have,
9:14
have protected people from what's about to happen in the
9:17
United States. And that is when a government
9:20
gets itself in deep, deep debt trouble, they have a choice.
9:24
They can either protect the bond market or they can protect their
9:28
currency. And they always choose to
9:31
sacrifice the currency. It's happened hundreds and
9:34
hundreds of times. That's why we know of things
9:37
like hyperinflationary periods, right?
9:39
They aren't going to default on the bonds.
9:42
They'll just make the money so much less worth worth, worth,
9:47
worth. They'll make the money
9:48
worthless, worth less, right? Significantly worth less,
9:51
potentially worthless. Think about it.
9:54
I'm going to show you one more time and then we're going to go.
9:56
We're going to, when we're out here, we'll check on our
9:58
favorite number, see if we have a landmark there as well.
10:02
They aren't going to default on this.
10:04
The national debt. Hold on.
10:08
OK, here we are. Yes, we're still live.
10:10
They aren't going to default on this, No.
10:13
But what they'll do is they'll make the value of this much
10:17
less, right? They'll make the value.
10:21
It's like anything. If you owed anybody a bunch of
10:23
anything. This is a very simple example.
10:26
If you owed anybody a bunch of anything and you had the ability
10:32
to create a lot of that anything out of thin air, that's what you
10:36
would do to pay off your debt. And that's exactly what the US
10:39
government is doing right now and will continue to do despite
10:43
whatever, whatever BS numbers they can.
10:46
We'll go back and check on the dollar to silver, whatever BS
10:49
numbers they throw at us. At the end of the day, the US
10:53
government has one option and that is to inflate away the debt
10:57
to make those dollars that they have to pay back worth less
11:01
because they can create it out of thin air and they can't
11:04
resist the temptation. Do you think Donald Trump is
11:07
going to? Really implement big austerity.
11:11
No, look, again, not a political statement.
11:14
But the reality is, if you look at his business background and
11:17
you look at his term as president, he really is the king
11:22
of debt. He, I believe, called himself
11:24
that at one point. So to think that Vivek
11:27
Ramaswami, who I like, and Elon Musk, who I personally all, I
11:32
don't, I don't invest in his, but I lied that these guys are
11:35
going to come in. No, here's the reality.
11:38
Biebeck and Elon are like firefighters.
11:40
They're the best firefighters in the world, OK?
11:43
They can put out fires that other people can't put out.
11:46
Unfortunately, the fire that they got called to write, the US
11:51
debt situation is already grown. No matter if you're the best
11:55
firefighter in the world, the fire has overtaken the building.
11:59
We're past the whatever you call that the fulcrum or the, or the
12:03
tipping point. OK, So all we're going to all
12:07
we're going to see you guys period is a less valuable
12:10
dollar. I'm sorry, I'm, I apologize.
12:13
I went down there. We got to talk about the silver
12:14
price. Silver price.
12:17
Let's go get an update. Let's see if we're still green.
12:20
And then there's some very interesting, 2 very interesting
12:24
things, critical things that we need to understand about what's
12:27
going on with silver right now. But here we are at Pinbacks.
12:31
We're going to check that. OK, We're still at six cents.
12:34
Come on, we can get this up higher during this year.
12:36
Live stream $31.89. Remember that number.
12:41
Make a mental note. Silver $31.89 if you want to buy
12:45
some silver right now with the spot prices there, gold or
12:48
platinum group metals. Pembex can do several things for
12:53
you. They've done it for me.
12:54
They've done it for other people in our community.
12:57
They can give you a great selection of products, right?
12:59
You can look here, you can come to their website, pembex.com.
13:03
They can give you a company you can trust, right?
13:06
Do your own due diligence. I'll just say I think you'll
13:08
benefit from learning about how trustworthy Pembex is.
13:12
But what is also ultra important is if you then move forward and
13:17
decide to give pembex a chance, you're going to find that you'll
13:19
get more metal for your money because their prices are always
13:23
ultra competitive. Compare for yourself.
13:26
OK, I want to say thank you to to Pembex for sponsoring Ron's
13:31
basement. They do make this live stream.
13:33
They make the channel possible. Thank you ivent.
13:36
Wow, look at that super chat. TRYI don't excuse me.
13:43
I should have turned the microphone off.
13:44
I apologize for that, but I think that maybe is Turkish
13:47
left. Look that up.
13:48
But thank you for the Super chat.
13:50
Thank you to everybody for being here.
13:51
Let's get into this what I think is fascinating situation guys.
13:56
We are finding ourselves in a a very enviable spot as silver
14:01
investors. I'll explain to you why are we
14:04
in for that Silver Santa rally. And I also want to mention to
14:07
you, we are going to talk about, for those of you that don't like
14:10
really high gold numbers, we are going to talk about $138,000 per
14:15
oz gold a little bit later in this live stream.
14:18
But let's get on to silver first.
14:21
Two big, big things going on in the silver price.
14:24
I don't know which one to start with.
14:25
So I will start with this, which is not that, but this.
14:30
OK, here we go. This is the silver chart.
14:33
This is the futures chart right now.
14:35
We're going to update that. OK, We're up six cents.
14:38
It was up a lot higher earlier. We're waiting on, OK, we're up
14:41
five and a half cents. A couple key things going on
14:44
right now. This move that we've had the red
14:47
line is the 50 day moving average.
14:50
I'll explain one more time with the 50 day moving averages.
14:53
It's basically the lat, the average of the last 50 days of
14:59
trading, probably the daily close and the silver price.
15:02
So every day it gets updated as there's a new daily close and
15:06
then that's the average of the last fifty days.
15:08
A new day gets added, the 51st day drops off.
15:11
We moved above that. That is a critical, critical
15:15
technical thing, OK, And we are still above it right here as you
15:18
can see that blue line, OK, the 50 day moving average, the red
15:22
line is at 3178. You can see that right there.
15:25
And the and the actual price is above it.
15:29
That is a big, big technical indicator, but that's not what I
15:32
really wanted to show you. And then we got another, what's
15:36
the word, a stunning statistic that we want to talk about The
15:43
this is where we are right now with silver.
15:45
What I want to show you on this chart that is so I think
15:49
critically important. OK, look, this is my opinion,
15:53
but if we go down here to about 30 to 25 per oz in silver and
16:04
yes, yes, Susie is yes, Susie. I acknowledge the very generous
16:09
super chat from our friend Jake, from Jake's Custom Parts.
16:11
He's a big part of this channel and a big part of our community.
16:14
We love Jake. Now I drew this red line right
16:18
here. OK guys, this is so cool.
16:20
So back in May, we tried to breakthrough $32 and then we
16:24
tried again probably late May, mid-May, late May.
16:27
Where were you back then? We almost tried again in July,
16:30
June. Then we tried again and what,
16:32
mid-september, early October, we tried four times to
16:36
breakthrough. That's like a, a quadruple top
16:40
in my book, right, which is extremely unusual.
16:43
We broke out above it. OK.
16:45
As you know, we got $35 silver around Halloween and then we
16:49
came back down and then we tried to break out again and we broke
16:53
out again. The more times that we tried to
16:55
break out above that $32 level, the less likely that we're ever
17:02
going to go below it, OK? We are not at $28.00 silver,
17:07
$27.00 silver, which a lot of us were afraid could happen.
17:11
No, we have broken out. That is big, OK, This move is
17:15
big. If we can stay above that on a
17:17
weekly basis, that's a big deal. But what I really want to show
17:20
you what's really exciting right now about where we are with
17:23
silver. We're going to go to the
17:25
Jerusalem Post who has this chart and that is everybody
17:29
talks about the cup and handle in the silver market, right?
17:32
They, they, they, they talk about in 1980 that we hit $50,
17:37
2011 we hit $50.00. And then and then now we're in
17:42
the handle. And once we get about 50, which
17:44
is all true, I'm not disputing that.
17:46
But this is the most exciting thing.
17:48
This is the yearly close in the silver price going back to 1970.
17:54
OK, So this is the yearly close. So as you see back in the green
18:00
bar here is probably 79 and the red bar is probably 80 on a on
18:05
an annual basis, right? We are at, we have a different
18:10
view of the cup and handle pattern because on an annual
18:13
basis we're closer to the $30.85, which was the highest
18:20
yearly annual close. See that little red bubble right
18:24
there. So this cup and handle, if we
18:26
look at the silver price on an annual basis is very
18:29
interesting. Now here we are in the handle
18:31
here we are above that level. But what's critical is that we
18:36
close out the year December 31st, which is still three weeks
18:40
from today, that we close out the year above that level and
18:45
then we would have officially broken out of the 44 year cup
18:50
and handle pattern in the silver market on an annual close basis.
18:55
Correct me if I'm wrong, but I'm 99.99% sure that that's the
19:00
case. And that's a big, big deal that
19:04
I don't really hear a lot of other people talking about.
19:06
Everybody looks at the traditional cup and handle, but
19:11
at the same time, you know, if we look at it on an annual
19:14
closed basis, we could be off to the races.
19:17
If nothing else, that's another little piece of wind in the sail
19:22
of the silver sailboat. OK, Trump wants a weaker dollar.
19:27
I forgot to show you this. Oh, boy.
19:29
Hopefully we don't have technical problems when we try
19:31
this one. But let me see if I can get
19:33
this. Yes, Vince Lancey posted this on
19:36
Twitter. Trump in 2016 said we don't have
19:40
the gold. Other places have the gold.
19:43
Now, we've had audio problems today, so I'm going to play this
19:47
clip with President Trump. It's only 27 second long and
19:51
they're talking about the gold standard.
19:53
This is in 2016 and then I'm going to come back and you guys
19:57
can let me know if you could hear this.
19:59
If not, I will tell you what he said.
20:01
Can. You envision a scenario that.
20:03
This country ever goes back to gold standard.
20:06
You know, there's something very gold standard.
20:08
Nice about having something solid.
20:10
You know, we used to have a very, very solid country because
20:14
it was based on a gold standard. We don't have that anymore.
20:17
There is something very nice about the concept of that.
20:21
It would be very, very hard to do at this point and one of the
20:23
problems is we don't have the gold.
20:27
OK, I'm hoping you could hear that.
20:31
Could you guys hear that? Somebody give me a 5 by 5.
20:34
If you could hear what? Donald Trump.
20:37
Yes. Audio.
20:37
Cool. Thank you.
20:38
Yeah. He said we used to have a very
20:40
solid country. We used to have the gold
20:42
standard. It was great.
20:43
And then he says we don't have the gold.
20:46
What? You know what, Right.
20:49
It's getting interesting. It's getting very interesting.
20:52
So tomorrow is the big day we get these inflation.
20:55
I want to, I want to warn you, I want you to be prepared.
20:58
Tomorrow could be a crazy day in the metals markets in particular
21:03
if the gold price continues its upward trend that we've been
21:07
seeing today. We're going to get the CPI
21:09
numbers tomorrow morning. OK, I wrote this out.
21:12
It could have a short term impact on the Fed monetary
21:15
policy which we will hear about in just one week.
21:18
Let me show you what I mean by that.
21:20
And so and then the reason why we want to pay attention, right
21:24
is because it could change the outlook for the Federal Reserve
21:28
and Jerome Powell, what their moves will be just next week,
21:32
which will be Wednesday of next week when it comes to monetary
21:35
policy. But let's go out and do a big
21:37
update. Hope we need to check on the
21:39
dollar to silver ratio as well. I apologize and we're going to
21:43
go to the CME Fed watch tool just to see what the big money.
21:47
We pay attention to this because this is the big money, this is
21:50
the hedge funds, this is the billionaires.
21:53
This is where they play their games and bet on what's the Fed
21:58
is going to do. Here we go again.
22:02
I don't think we were here yesterday.
22:04
CME, Fedwatch Tool, 8 days till we hear from our friend Jerome
22:08
Powell. They have a nice countdown up
22:09
there, but let's see what the wow.
22:11
OK, so we're at 87% chance this could change drastically
22:16
tomorrow based upon these inflation numbers.
22:20
If the inflation number comes in really high, OK, this will
22:24
probably drop the odds of a rate cut.
22:28
Well, this is the, this is 88% chance that the rates are going
22:32
to be cut by 1/4 percent. If inflation comes in low
22:35
tomorrow, like lower than expected, we could actually see
22:39
this go higher and we might even see potentially a chance that we
22:44
could have a a rate cut of 1/2 percent show up on this chart.
22:50
So we're going to be watching that closely. the US net clock,
22:53
we did it. Whoa, breaking news guys, we hit
22:57
another milestone as you can see right here.
23:00
Let me zoom in the dollar to silver ratio.
23:04
We we crossed over another round Number.
23:08
We're going to zoom in really big.
23:10
Today's a special day. Here it is right there and we're
23:13
going to get our crayons out and I think we prefer to use orange
23:19
on special days like today. And here it is.
23:24
Sorry, that's the dollar to gold ratio.
23:26
Here we are. It's not letting me draw.
23:30
Well, anyway, dollar to silver ratio right there, 1101 dollars.
23:35
Wow, there's a ring to that. We're going to put that on the
23:38
spreadsheet again. That means that for each dollar
23:41
that the US government is currently creating via the M2
23:44
money supply, though, there's $1100 being created via the M2
23:49
money supply for each one ounce of silver being dug out of the
23:54
ground. Right now, we're going to go to
23:56
our chart. We're uh oh here we go the
23:59
dollar to silver ratio. We started tracking it on the
24:02
21st of October. That wasn't that long ago what 6
24:06
weeks 5 weeks ago was at 729 all right and today is a big day
24:13
we're breaking through 12/10/24. What did I say that was, oh, I
24:20
remember that 111 O1 guys that look at the growth.
24:26
I mean that this number back here in October was high, right?
24:30
We were saying $700.00 being created for each one ounce of
24:33
gold coming out of the ground. It is absolutely skyrocketed.
24:37
That is what, almost 60 percent, 55% to $1101.00.
24:45
What are they doing? They're ruining the dollar.
24:48
OK, the dollar to gold ratios at 8000 per oz Unbelievable.
24:54
And of course, the paper to silver ratio.
24:56
Oh, Speaking of that, why the fun never ends, man.
25:01
The paper to silver ratio. Hold on.
25:04
Let's show this. Wrong one.
25:06
Wrong one, wrong one. I'll find it.
25:10
Hold on here. Well, we'll find it here in a
25:12
little bit. Let's get back.
25:13
I'm going to try to stay on order.
25:15
Wow, 900 people. Thank you guys.
25:17
The number of people that are interested in gold and silver is
25:21
skyrocketing, OK and you're part of a growing group.
25:24
You're always welcome go watch the other content creators.
25:27
A lot of great people out there, but thank you for being here.
25:30
Thanks for being part of this group.
25:32
I can tell you these guys that have been here a while right and
25:35
a lot of our newcomers are very smart people.
25:38
So thank you, thank you, thank you.
25:40
Let's talk about 138 thousand $138,000 gold and then let me
25:48
see where it is here. Why can't I find this is bugging
25:51
me. Bear with me, bear with me.
25:56
Oh, here it is. OK, all right.
25:58
But first we're going to talk about one.
26:00
We just talked about all the debt, right?
26:03
The only option our government has is to print worthless
26:06
dollars. But what if, what if the
26:09
government wanted to back all the debt that we have right now
26:13
with gold? How much would gold need to be
26:15
worth? The US gold reserves, and this
26:17
comes from the Silver Academy, are reported to be 8100 ton
26:21
tonnies equivalent to approximately 261,500,000 oz.
26:29
The US national debt, like we just saw, has grown to 36
26:34
trillion, 167 billion. All right, the ratio of US gold
26:40
reserves to national debt is currently very low.
26:43
Based on the current debt and gold reserves figures, the gold
26:46
backing the gold backing ratio is less than 1.9%, we'll say 2%,
26:52
OK, 150th of the debt level that we have can be backed up with
26:56
the current market price for gold, OK.
26:59
To achieve full gold backing of the national debt, the price of
27:03
gold would need to be significantly higher than its
27:05
current market value to calculate the fundamental value
27:08
of gold needed to pay off the current U.S.
27:11
National debt. That would be 36 trillion like
27:14
we just talked about 160 billion divided by the number of Troy oz
27:20
that we supposedly have at Fort Knox, 261 million.
27:24
That would mean gold would have to be $138,315.76.
27:32
Another way you can calculate that is to say that if only 2%
27:36
of the of the debt is backed by gold, gold would have to be
27:40
almost 50 times higher. And if you multiply 50 * 2600,
27:44
you're going to come that roughly 138.
27:47
That just shows shows us the paper we are living in a paper
27:52
Unicorn fart dust Fantasy Island.
27:55
Remember Fantasy Island your lot of you are about my age.
27:58
Remember that show Fantasy Island was probably around 1980,
28:01
was on Saturday nights, like at 10:00 and that little guy would
28:05
say deplane, deplane. The helicopter.
28:09
The helicopter is dropping money.
28:11
Remember that helicopter money? Chris Marcus over at Arcadia has
28:15
silver helicopters for sale. You might want to go check those
28:18
out. OK, hold on Susie's.
28:21
Oh, Susie says I need to ring the bell.
28:25
Been a while. I apologize.
28:27
I forget to ring the bell. Thank you guys for the thumbs
28:29
up. Boy, We are off the rails this
28:31
morning. Basement dwellers, 900 people,
28:35
man. We're having a party today, so
28:39
where was I forget Anyway, they can't pay all the debt back.
28:44
It's it's the gold and silver price are going higher.
28:47
That's really all you need to know right?
28:48
The only way think about it. The only way they can pay that
28:51
back is with by making the unit of measure, which is this stuff,
28:57
right? Here's one.
28:59
This smells smells like like a Unicorn.
29:03
Anyway, you know what I'm saying?
29:04
The only way they can pay the debt back is by making the unit
29:07
of measure that the debt is owed in worth less.
29:11
The other thing, and I'm hearing these Matt Pipenberg, that guy
29:15
always blows me away. But as I was listening to him,
29:19
we, I thought of this and maybe he said it.
29:21
I don't want to put words in his mouth.
29:23
It's not just the United States, it's the whole world.
29:26
The whole world needs a lower dollar.
29:30
OK, that makes everything easier to pay off, makes all the debt
29:34
easier to pay off. It makes everything real more
29:37
expensive. Think about this is the reason
29:39
why you need to understand this is if you're invested in gold
29:42
and silver, this is good news for you.
29:45
The world needs a lower dollar. OK, not just the United States,
29:51
we need it, but the whole world. Because the whole world owes
29:55
$300 trillion in debt, OK? The lower dollar makes the debt
30:00
much more affordable, makes it easier to pay off, right?
30:04
Then that makes sense. OK, but what also makes sense is
30:08
the lower dollar, the diluted, the devalued, the worth less
30:12
dollar makes everything real more expensive food, right.
30:17
Fuel. Oh, yeah.
30:19
And that other. What's that other stuff that you
30:20
and I like? Yeah, you know what I'm talking
30:23
about, Buttercup, This Matt that was from Coin Shop Chris.
30:27
Don't forget, guys, if you haven't checked out Coin Shop
30:29
Chris, his YouTube channel, right?
30:31
You lot of you know him, maybe a few you knew people don't.
30:34
He's a big part of our channel and he's got his own channel now
30:37
and it's the fastest growing gold and silver channel on the
30:40
Internet. Go check it out.
30:41
OK, so that's what's going on. And at the meantime, at the
30:45
meantime, they're manipulating the price of the metal.
30:50
This is crazy. But then it's actually there's a
30:54
we're going to look at them. It's some numbers, a very one
30:56
very simple number. We keep it simple, right?
30:59
A lot of times that's where the the big the big keys are.
31:04
Hold on here. I got it.
31:05
I know I got it. Here it is, the dude, the dude
31:10
who gives us this awesome data everyday.
31:13
The silver market traded 501 million paper oz yesterday.
31:20
How do you say paper in Spanish papaire?
31:22
I think it is. Anyway, by 501 million paper oz
31:26
yesterday that was I want to sing that song.
31:29
That was yesterday. Remember that now you will not
31:33
get that out of your head the rest of the day.
31:35
Yesterday was Monday. That was the day when silver
31:39
went up. What, $0.88?
31:40
Almost a full dollar. Oh my gosh.
31:43
Now there's something two things about that number. 1500 million
31:47
paper oz is like 5/8. What's 5/8?
31:51
I don't know, 60% of the world's go up silver, excuse me,
31:56
production for the year. Okay, but what's cool, there's a
31:59
there's a reason why we're excited it was so high yesterday
32:03
in particular is because yesterday was a massive update
32:07
in the silver market, OK, in the in the in the it's a known fact
32:12
in the world of trading on Wall Street, right, that if you have
32:17
a big price move to the upside, hey, that's great, right, OK,
32:21
hunky Dory. But what's really critical is
32:24
the volume behind it. When you have strong volume
32:28
pushing something up now we don't you know, we know right?
32:32
I bought out of that 501 million paper oz that were traded.
32:36
There's probably like a real milk it's like 400 to one ratio
32:39
like what 120 or no Wow, 111.2 million real oz behind it.
32:48
But none the less, the fact that it went up big, the price went
32:52
up big and the volume went up big, despite the fact that it's
32:56
Unicorn fart dust is actually a good thing.
33:01
They're losing control of the physical market, guys, the COMEX
33:06
and the LBMA bye bye. It's been nice knowing you,
33:10
right? China is now going directly to
33:13
the source to get their silver. China is going directly to
33:17
Mexico. China's going directly to Peru.
33:19
China's going directly to Africa, right?
33:22
They're all saying bye bye, Comex, right?
33:25
You can have fun with your little paper games over there.
33:27
It's like little and I have nice little daughters.
33:31
I have twin 12 year old daughters when they were like 3
33:33
and 4 playing with paper dolls. Can you see it?
33:38
I can just see I should, I should have gotten a Comex and
33:40
an LBMA T-shirt for my little daughters when they're playing
33:43
with their paper dolls when they were younger.
33:45
They're in middle school now. They don't do that, but that's
33:47
what they're doing, you know, make believe land.
33:50
That's wonderful. China, right, is saying no, no,
33:53
no, no, no, no, no. We believe in a physical market.
33:57
And you know what? While we're talking about that,
33:59
let's go. Let's go check out.
34:02
Thank you, dude. The dude, uh oh, somebody's
34:05
calling me here spam boy, everything's off the rails this
34:10
morning. Let's go check out our friend
34:13
and do a quick check on the Oriental ghost.
34:17
Hope you're doing well. Thank you for all your
34:19
contributions and the silver supply crisis is getting closer
34:23
and closer. Oh, interesting.
34:25
OK, see the link below. This ideal is great.
34:30
OK, this is about solar panel. We know that that's not what
34:33
we're looking for here it is. Let's see what the Chinese
34:37
silver. OK, wow, wow.
34:41
Look at this guy. So this is the Shanghai, and I
34:44
emphasize high because the price is always higher.
34:46
Gold exchange, There's silver and AG.
34:50
What is that called? The periodic table.
34:52
I hated chemistry. I never, no offense, anyone, was
34:55
a chemist. I hated chemistry, $33.91 in
35:00
U.S. dollars on the Shanghai Gold Exchange.
35:04
Where were we? Let's do an update.
35:06
This may not be good. We were moving down.
35:09
Let's go out and check. So almost $34 in Shanghai and
35:13
OK, we're up 12 cents. Butter cups $31.95.
35:18
When I call you a buttercup, that's a term of endearment that
35:21
it started with my nephew Matthew, who I love dearly.
35:24
So don't take that personally that I call you buttercup, OK?
35:29
Or basement dweller or friend. And that's what you really are,
35:32
friend. We're all friends.
35:33
Thank you for being here. We are silver friends.
35:35
We are gold friend. We have the silver and gold
35:37
friendship. Unbelievable.
35:40
I had another thought that was cataclysmic, but you know what
35:44
it's like as you get older, things kind of move through your
35:46
head and go out. The West hates.
35:50
I thought this was was keenly insightful.
35:54
Is this it? Yeah.
35:55
This guy, Peter Spina, he runs those sites, Gold Seek, Silver
35:59
Seek. I think he's based in
36:00
Czechoslovakia. But super smart guy, super
36:03
insightful guy. And I thought this just nailed
36:05
it on the head. There's a war in the West to
36:08
keep you from running into physical precious metals.
36:13
A war in the West to keep you from running into physical
36:16
precious metals. They want you to buy paper,
36:19
derivatives, digital speculations, anything but by
36:23
precious metals. Units of trust.
36:25
The more they push the obvious away from you, the more obvious
36:30
it should become. What the game is.
36:32
And I heard Pipenberg and again, I don't want to put words in his
36:35
mouth, but and I've heard other people talking about this crypto
36:41
mania that's going on that like that's what they want.
36:44
They they want they were they're trying to there's some people
36:47
who say that the crypto, the whole crypto thing was created
36:51
to divert money away from the precious metals.
36:56
Look, I think it's been really well established that the feds,
37:00
right, the federal government, the Federal Reserve, I'm sorry,
37:03
hates gold and silver. This guy.
37:06
Let me, let me show you something.
37:07
Hold on. We haven't had them out for a
37:12
I'm just knocking stuff over. But did you hear that sound the
37:15
silver made when I knocked it over?
37:18
Huh. Here, let me.
37:19
Let me. Hopefully you can hear this,
37:23
right? That's the sound of silver.
37:25
That's not Rudolph the Red News Reindeer.
37:28
This guy, this guy, he's got a little problem.
37:32
He hates gold and silver, right? You know, look, you know, he's
37:37
got a the guy loves toilet paper.
37:39
The guy loves this, right, Printing press.
37:45
So the reality of the situation is they want you to do anything.
37:54
I would put your hard earned. I mean, think about this guys.
37:58
I want you to just think about this for one second.
38:00
What are you, what are you going to take here?
38:02
I'll take this $0.50 silver, 90% silver came from Big 10 to
38:06
silver shark. What do you want, right?
38:09
Silver or paper? I think you could ask a four
38:14
year old that question and you're going to get that.
38:16
I mean, you know what my kids know?
38:18
They knew when they were eight years old, not because of me
38:21
that because of the games they played on their little phone.
38:23
Silver and gold, that's what they were always after.
38:26
OK, and what about and we talked about the US dollar and de
38:29
dollarization. This article is getting some
38:32
some attention and just shows how the world is beginning to
38:40
react to this new order that we're in.
38:44
And this will impact the gold and silver price bricks.
38:47
Global U.S. dollar payments fall below 50%.
38:51
There's the old dollar. Bye bye.
38:54
There's no doubt the US dollar dominates global payments, but
38:57
the scale and size of its transactions are shrinking.
39:00
A handful of developing countries are cutting ties with
39:04
the US dollar. So, so we won't go through this
39:08
whole article, but there's something interesting that we
39:12
need to talk about regarding D dollarization.
39:16
The initiative seems to be working as global payments in
39:18
the US dollar dipped below 50% in October.
39:22
Read here and know what how many sectors will be impacted.
39:26
So yeah, bricks payments in U.S. dollar dip to 40% in October.
39:32
There is no doubt, right, Middle Eastern countries are now moving
39:37
away from the dollar, the Petro dollar, absolutely no doubt,
39:41
right? There's all these new
39:42
arrangements where they, it used to be any oil in the world was
39:47
traded in dollars basically is always trade in dollars.
39:50
That alone is changing. OK, There's big movements to
39:54
move away from the US dollar. I am not going to sit here and
39:58
tell you that next month the US dollar is going to be gone or
40:01
it's going to be worthless or blah, blah, blah, whatever.
40:04
I will say. That it will be worth less, no
40:07
doubt. Not worthless.
40:08
You catching that? Not worthless, but worth less.
40:11
The trend is absolutely in that direction.
40:14
Now, is the dollar going to go away at some point in the
40:18
future? Yeah.
40:19
You're trying to tell me that. 100 years from now, we're going
40:22
to have paper dot no, no, right, the dollar nothing like no Fiat
40:26
currency lasts forever. But the trend is away from the
40:30
dollar. And as these countries move away
40:33
from the dollar, even just an itsy bitsy bit, right?
40:37
That's what made the dollar powerful.
40:39
This is this is critical to understand guys, critical
40:42
critical. What made the dollar powerful
40:45
after 19? I think it was 74 when it was
40:48
Kissinger, I believe with Saudi Arabia set up the Petro dollar.
40:51
Stay with me for 30 seconds because this will make sense.
40:55
A lot of people have a hard time making this compute when they
40:59
forced the world OK by via threats to use only dollars to
41:04
pay for oil. What that did was created a
41:08
massive demand for dollars. Everybody in the world needed
41:12
dollars because everybody in the world needed oil.
41:15
So what did? We'll just use Saudi Arabia as
41:18
one little easy example. What did Saudi Arabia do as they
41:21
sold all this oil for U.S. dollars, right?
41:25
They're selling oil all over the world.
41:27
They're getting all these dollars because that's the only
41:29
thing they're allowed to take payment in.
41:31
What do they do with all those dollars?
41:33
Well, the United States is over there saying, hey, hey, we have
41:36
an idea for you. Why don't you buy our
41:38
treasuries? That's why we were able to
41:41
create this massive debt that we have because we were forcing the
41:46
world to use dollars. We kind of did the same thing
41:48
with China, by the way, over the last 15 years, right?
41:52
Like we'll buy all your junk that you sell us, and now
41:55
they're making some pretty good stuff, but we're going to pay
41:58
you in dollars. And by the way, if you're
42:00
looking for something to do with those dollars, well, we have
42:03
some debt. So that's why the US now as
42:06
China in the in the oil producing worlds are moving away
42:10
more and more from the dollar that sends all those dollars
42:14
home. And guess what that's going to
42:15
do? That's going to create inflation
42:17
and inflation is good for the silver and gold price.
42:21
Wow, you guys are awesome. Hey, let's go, let's go check.
42:26
Let's go check the gold price one more time.
42:29
Gold and silver, come on, baby. OK, now we're at 13 cents.
42:33
We've made some good progress on the silver price 3196.
42:38
I want to point out Fortuna Mining today had some news out.
42:45
So hold on here, let's go to news.
42:47
Fortuna Mining is a a channel sponsor.
42:50
They make this this live stream, they make our channel possible
42:54
and they updated their mineral mineral reserves.
42:56
They are just really doing awesome in West Africa.
43:00
So they updated their mineral reserves and mineral resources
43:03
for their Seguela mine in Cotova, which is in West Africa,
43:07
which is often all also referred to as the Ivory Coast, which on
43:12
top of gold is one of the world's top producers of what is
43:16
it coca, cocoa, cocoa beans that make they make chocolate out of
43:20
that's not why we're here. We're going to talk about
43:22
Fortuna, they update announced their updated mineral resource.
43:27
Jorge Genoza, President and CEO said, quote, our exploration
43:31
programs in 2024 have successfully grown our inferred
43:35
resources to 677,000 gold ounces.
43:41
The Fortuna is a, a sponsor of the channel.
43:43
Fortuna is a stock that I own. And if you want to learn more
43:49
about what's going on with them, you can go to their website
43:51
there Fortuna Mining. I'm not giving financial advice,
43:55
stocks are risky, but I have to be honest with you, it is a
43:58
stock that I own. They do sponsor Ron's Basement.
44:00
I believe in the company. I really like Jorge Gonoza, but
44:07
are we in a stock market bubble? You want to hear about a stock
44:10
market bubble? Are we in the market of all
44:13
bubbles? Let's look at some data again.
44:16
This keeps coming through guys and I think indicates to us only
44:21
one thing. Hold on there.
44:23
I don't think I have you on the right page.
44:25
There you are. Here it is, OK, Markets and
44:29
Mayhem said the price to book ratio on the S&P 500 hasn't been
44:33
this high since 1999. This is from Bank of America.
44:38
This is the price of stocks compared to the assets that the
44:45
companies have after you deduct their liabilities.
44:49
And again, as you can see, going all the way back to 1946, OK, we
44:55
are now even higher than the than what we hit during the tech
44:59
bubble. Guys, we're in big trouble.
45:01
And this, this headline came from Fortune and I'm gonna block
45:04
that. The mother of all bubbles in the
45:07
United States is sucking money away from the rest of the world.
45:11
Market expert says we are in a situation right now in our in
45:17
our country, in our market where the stock market really truly is
45:21
at bubble levels Look, when that bubble burst, I know it's silver
45:25
and gold investors, we can be apprehensive don't believe what
45:28
everybody says they could be right, but I think they're wrong
45:32
because what does everybody say when you talk about a recession
45:36
or you talk about the stock market bubble, they what do they
45:38
say about gold and silver? They all said the same thing.
45:41
Gold and silver will go down, gold and silver will go down.
45:45
That has that's wrong that I mean, it could, no doubt about
45:49
it, and it has recently. Recently during the great
45:53
financial crisis, gold and silver went down when it first
45:56
hit. But then from 2001 to 2011, we
45:59
had one of the greatest bull markets of all time for silver
46:02
and gold. So you can't tell me that every
46:05
time the stock market goes down, gold and silver have to go down.
46:08
But what about the C19 crisis? Well, yeah, OK, sure.
46:13
For about 3 days or two weeks, whatever.
46:17
I mean, I bought silver for when it was like 14 bucks an ounce,
46:20
the only like my best purchase ever.
46:23
Yes. But then it immediately
46:25
rebounded. Remember the massive rally that
46:27
we had in the mining stocks included right after that
46:31
initial C 19 draw down that we had?
46:34
And think about this. This is what gets me.
46:38
Think about this. Think about that banking crisis
46:40
that we had 18 months ago, though.
46:43
That was big guys. That was like the three biggest
46:47
banks in the history of the universe.
46:49
I don't have the chart, but I had it was like it's much from a
46:52
dollar perspective of bank failures as we had during the
46:55
entire great financial crisis. And did gold and silver have a
46:59
little bit of a reaction? Yes, But what was the real, what
47:03
was think about the reason why we want to look at this stuff?
47:06
What was the real reaction during that little banking
47:08
crisis? It was a shortage of silver.
47:11
It was it was people spending right when these went the when
47:16
the spot price of silver was $25, it was people spending $50
47:22
on these, OK. People were paying double the
47:26
spot price for AS ES. I like saying how it sounds like
47:30
I'm official AS ES. You know what an ASE is an
47:33
American Silver Eagle. That's our recent experience.
47:37
Michael Oliver, one of the most respected.
47:40
What does he say about this, right?
47:42
Seriously, this guy's the bomb, Michael Oliver, right.
47:45
If you are on gold and silver and and you have not introduced
47:49
yourself to Michael Oliver, go watch a couple of his interviews
47:54
that he does. He's the he's the king, right?
47:57
He's one of these like a Rick rule.
47:59
What However you want to think about it, He says no, right?
48:02
He'll argue. I've heard him argue and I don't
48:04
want to put words in his mouth, but he says no, right.
48:07
If we have another big recession, another big crash in
48:10
the markets, the silver price and gold price don't have to go
48:12
down. We're going to have higher
48:14
silver and gold. Yeah.
48:17
OK. Hey, it's almost Christmas.
48:19
I got a couple of gift ideas for you basement dwellers.
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If you know somebody who wants to, who loves gold and silver,
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go check out pin backs, Right. If you know somebody who wants
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to bury silver and gold in their ground, see that hanging right
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there? Did you notice that?
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That's a dirty man safe. Let me show you real quick, OK?
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I think it's a great gift idea. This is The Dirty girl.
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I think it is the smaller one. That one hanging up is the is
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the standard size. But this, you bury this in your
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yard, OK, you're like a pirate. You get the buried and safe from
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fire, flood everything else, right?
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What did the pirates do with their silver and gold?
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It gives you? And you know, I don't keep any
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silver, gold here at the house, but a lot of people do and a lot
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of people have a safe. Well, it could also be a
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diverse, a diversifier. Maybe you don't, if you do have
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a safe, don't want to have everything in your safe, right?
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It's a kind of AI don't want to say target, but you know what
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I'm saying? This allows you to spread your
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wealth. You could bury a couple of these
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in your yard, whatever. Just remember where you buried
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them. But this really is a cool
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product. I was so impressed when it when
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it showed up. As for fun, I have a little
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Unicorn in there. Don't put unicorns, put real
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things in here. Comes with like a sleeve that
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you bury in your yard. Ron 10 is the discount code and
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I'm going to leave it at that. I have another another idea for
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you, but you guys are you guys didn't come here for Christmas
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shopping ideas. You came here to talk about
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silver and gold for the community.
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Thank you guys for being here. Thanks Annie Oakley.
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I see you are the one and only Annie Oakley.
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Thanks for Jake from Jake's custom parts this morning
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helping with we had some big issues with audio stream yard
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was having some problems big time the silver Shire silver
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Susie and my wife Suzanne. I can't say enough good about
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her. I am the luckiest guy on the
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planet. I'm also lucky because I get to
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know you right. We get to have this community.
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It really is a big privilege. I don't take it for granted.
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All the work that we put in is well worth it because of you.
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So be nice to yourself. Have a great day.
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All right, let's go silver, let's go gold and hey, let's
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finish off strong guys. Don't forget if we get a silver
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price that closes about 32 an ounce on December 31st, we're
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really going to be watching that, OK?
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We aren't going to get the 44. I eat crow.
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I had six weeks ago said I thought we would get $44.00
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silver by Christmas. Sure, there's still a one in a
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million chance, but if we get about 32, I'll be very
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optimistic, very happy because that will be a yearly close
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about $32, which will signal a breakout on a, on a, on a couple
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and handle pattern that's been forming for over 44 years, right
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when you look at the yearly closes.
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So thanks guys. Thanks for being here.
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I appreciate you. I'll see you soon.