Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🔥GOLD SILVER - ALERT!🔥 THIS is UNSTOPPABLE ... (Silver Price and Gold)

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🔥GOLD SILVER - ALERT!🔥 THIS is UNSTOPPABLE ... (Silver Price and Gold) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 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.
• 48:22
  If you know somebody who wants to, who loves gold and silver,
• 48:25
  go check out pin backs, Right. If you know somebody who wants
• 48:28
  to bury silver and gold in their ground, see that hanging right
• 48:31
  there? Did you notice that?
• 48:32
  That's a dirty man safe. Let me show you real quick, OK?
• 48:35
  I think it's a great gift idea. This is The Dirty girl.
• 48:40
  I think it is the smaller one. That one hanging up is the is
• 48:44
  the standard size. But this, you bury this in your
• 48:47
  yard, OK, you're like a pirate. You get the buried and safe from
• 48:51
  fire, flood everything else, right?
• 48:54
  What did the pirates do with their silver and gold?
• 48:57
  It gives you? And you know, I don't keep any
• 48:59
  silver, gold here at the house, but a lot of people do and a lot
• 49:02
  of people have a safe. Well, it could also be a
• 49:05
  diverse, a diversifier. Maybe you don't, if you do have
• 49:08
  a safe, don't want to have everything in your safe, right?
• 49:10
  It's a kind of AI don't want to say target, but you know what
• 49:13
  I'm saying? This allows you to spread your
• 49:15
  wealth. You could bury a couple of these
• 49:16
  in your yard, whatever. Just remember where you buried
• 49:19
  them. But this really is a cool
• 49:21
  product. I was so impressed when it when
• 49:23
  it showed up. As for fun, I have a little
• 49:25
  Unicorn in there. Don't put unicorns, put real
• 49:28
  things in here. Comes with like a sleeve that
• 49:31
  you bury in your yard. Ron 10 is the discount code and
• 49:37
  I'm going to leave it at that. I have another another idea for
• 49:40
  you, but you guys are you guys didn't come here for Christmas
• 49:43
  shopping ideas. You came here to talk about
• 49:45
  silver and gold for the community.
• 49:47
  Thank you guys for being here. Thanks Annie Oakley.
• 49:50
  I see you are the one and only Annie Oakley.
• 49:52
  Thanks for Jake from Jake's custom parts this morning
• 49:55
  helping with we had some big issues with audio stream yard
• 50:00
  was having some problems big time the silver Shire silver
• 50:03
  Susie and my wife Suzanne. I can't say enough good about
• 50:07
  her. I am the luckiest guy on the
• 50:08
  planet. I'm also lucky because I get to
• 50:10
  know you right. We get to have this community.
• 50:13
  It really is a big privilege. I don't take it for granted.
• 50:17
  All the work that we put in is well worth it because of you.
• 50:21
  So be nice to yourself. Have a great day.
• 50:23
  All right, let's go silver, let's go gold and hey, let's
• 50:26
  finish off strong guys. Don't forget if we get a silver
• 50:29
  price that closes about 32 an ounce on December 31st, we're
• 50:33
  really going to be watching that, OK?
• 50:36
  We aren't going to get the 44. I eat crow.
• 50:39
  I had six weeks ago said I thought we would get $44.00
• 50:42
  silver by Christmas. Sure, there's still a one in a
• 50:45
  million chance, but if we get about 32, I'll be very
• 50:49
  optimistic, very happy because that will be a yearly close
• 50:54
  about $32, which will signal a breakout on a, on a, on a couple
• 50:59
  and handle pattern that's been forming for over 44 years, right
• 51:03
  when you look at the yearly closes.
• 51:05
  So thanks guys. Thanks for being here.
• 51:08
  I appreciate you. I'll see you soon.