Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡REUTERS, Bloomberg and Kitco - SHOCKING Silver Price and Gold Price NEWS⚡

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⚡REUTERS, Bloomberg and Kitco - SHOCKING Silver Price and Gold Price NEWS⚡ · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:03
Mexico to outlaw open pit mining.
0:06
What will that mean for the silver supply coming to the
0:11
world? Shocking news out of China about
0:15
silver. Breaking news about China.
0:18
We have ETF news, big, big news guys that could really have a
0:22
major impact on the silver and gold price and we have a lot
0:27
more to talk about today. Happy Friday.
0:29
The gold price is going crazy. You may be wondering why is
0:33
silver not responding? Let's take a a quick look at
0:37
what's going on in the markets right now because we've got
0:41
move, a big move in gold out here at Pembeck's.
0:45
We can see we have gold up almost $30 per oz.
0:50
Let me move my microphone. Sorry guys, it's been a crazy
0:53
morning. Gold 2485 two, $1485 per oz.
1:00
Silver is down. Now you may be wondering what is
1:04
going on. We talked about this yesterday.
1:06
This has everything to do with for right now, the silver price
1:11
is following copper. All right.
1:13
It's putting more weight on what is going on in the copper
1:16
market. And let's run out and take a
1:18
look at the copper price to see what that shows us.
1:27
I'm going to go to theceo.ca. As you can see here, right?
1:31
Gold up 1.4%, silver down a hair.
1:35
It's reacting. It's kind of getting pulled down
1:38
by copper. You can see copper down 1.1%,
1:41
but being pulled up by gold. It's a real tug of war right
1:46
now. I believe at the end of the day
1:50
that the monetary component of silver will prevail and that we
1:54
will see higher silver prices. But very interesting action this
1:59
morning. Wow.
2:00
Are we going to have another all time high in gold?
2:03
I was thinking back to when we first started connecting here in
2:06
the basement over two years ago, how much improvement we've seen
2:11
in the gold price. And it's been a big deal to me
2:14
that you've been with me through this.
2:16
Those of you who've been around for a couple years, and there's
2:19
some of you who are here for the first time, you're all very
2:21
important. Please, I want you to do me a
2:24
favor. Leave a comment in the comment
2:26
section, right? Your thoughts matter.
2:28
Your ideas matter. You do not have to agree with
2:31
me. You do not have to agree with
2:34
other people. All we ask is that you're
2:35
respectful and decent and how you express your opinion, but we
2:40
want to hear from you. And later on in this live
2:42
stream, we're going to look at a comment that we got from a
2:45
viewer that I think says it all. So what you think is important.
2:49
Thank you for being here. Please give this a thumbs up and
2:52
subscribe to the channel. And when you subscribe, please
2:56
press the little bell. If you're already subscribed, go
2:59
find the little bell under the subscribe button and turn on
3:02
notifications. We've had volatility in the
3:05
markets. Wow, the precious metals
3:08
markets, silver in particular, What was it?
3:12
Just a week ago we had the silver price at $26.50.
3:18
Now we're almost 2 ounce, $2.00 per oz higher.
3:23
The important thing for us to remember about volatility is
3:27
that oftentimes a prior to big moves in any asset class, but in
3:33
particular silver, you will see periods of major volatility.
3:38
And what we need to remember, right, is that the overall trend
3:43
for silver and we know for gold is to the upside.
3:48
It's a bull market, guys, right? But we can't expect everything
3:53
just to go straight up. Sure, on mornings like this, who
3:56
doesn't like to see the gold price up $30 per oz?
4:00
Who doesn't like the days where we have silver up 80 cents,
4:04
$0.75 over a dollar per oz? It's not going to be straight
4:08
up. There's going to be volatility.
4:10
But as long as that trend remains going to the upside, we
4:14
are sitting in good shape. What would it mean to you if we
4:19
have data that shows China imported record amounts of
4:24
silver? Let's take a look at this
4:27
breaking news we got last night from our friend Tavi Costa from
4:33
Crescott Capital. This shows China's silver
4:37
imports. Whoa, whoa, whoa, whoa, whoa.
4:39
Hold on here, guys. China's silver imports.
4:43
What's that yellow line? Follow that yellow line across
4:46
record levels. Yes, OK.
4:49
On a four month change measured in thousands of kilograms, the
4:53
Chinese imported record. I mean, look at that green bar.
4:57
That is crazy. I mean, they have, they have
5:00
months down here where they're where they're where they're
5:04
exporting. I guess you would say silver,
5:07
the importing is a good thing. But when we see a green bar like
5:12
this tells us something very important, right?
5:16
The Chinese are continuing to import record amounts of silver.
5:20
But what else? What else do you find peculiar
5:24
about this? I want you to think back to what
5:27
maybe seven weeks ago. Remember that day where gold was
5:31
down like $100 per oz? I think silver was down a full
5:35
dollar, or maybe even $1.25 or $1.50.
5:39
And what was the news story out of China that caused all that?
5:43
It was this big story that China had stopped importing gold.
5:48
I think it was the month of May. So can we ask the question, why
5:57
isn't the fact that China just imported record amounts of
6:01
silver? Why isn't that front page news?
6:05
Why did they focus so much? What does that tell us about the
6:08
general overall attitude toward gold and silver?
6:11
The headwind that you and I, basement dwellers, silver and
6:16
gold investors, precious metal mining stock investors, the
6:19
headwind that we've been running into for not you know what, two
6:23
years, three years, 20 years, 30 years since 1971.
6:28
Nonetheless, we have record imports of silver from China and
6:32
the only person that I'm seeing reporting it is our friend Tavi
6:36
Costa at Crescat Capital. So thank you for bringing that
6:39
up. Can we expect and someone in the
6:42
comments sections of that record import of silver from China,
6:47
somebody in the comments section of that brought up the point
6:50
that, and that doesn't even, excuse me, factor in what's
6:57
going on with India, who's also importing, if not record near
7:03
record amounts of silver. We know in the first quarter
7:05
they, they imported what 100 and 2500 and 50 million ounces of
7:09
silver. We got a lot more to talk about.
7:12
Guys, again, thank you for being here.
7:14
Please give this a thumbs up and subscribe to the channel.
7:17
I'll only beg for that one more time.
7:19
I promise you, right? But it's a big deal when you're
7:22
here, Susie and I Silver Susie, right, my beautiful invisible Co
7:26
host. Thank you for being here.
7:29
Let's go out and take a look at Mexico.
7:32
What's going to happen? Who is here?
7:34
While we're here, let's go to here.
7:37
This is the giveaway from our friends at Pembex channel
7:40
sponsor Pembex Pi MB EX on August 31st.
7:44
You want to reach out and touch that bar?
7:46
I know it. That's a 10 oz Coca-Cola silver
7:49
bar. Behind it you'll see a 5 oz
7:51
Coca-Cola silver oz bar and a one ounce bar.
7:53
All will be given away on August 31st.
7:56
There's a link in the description of this video on how
7:59
to enter the giveaway. One person will win all 16
8:03
ounces, but that's not why we're here.
8:06
We're here for this, right? Silver, This shows who's the
8:10
biggest silver producer in the world, Mexico, right, 202
8:15
million ounces in 2023. Who's talking about what does it
8:20
mean for the silver supply? If Mexico is wanting to outlaw
8:26
open pit mining? We know it's already a super
8:29
difficult place to do mining. It's, I mean, 20 years ago, it
8:33
was the place to be. Now it's become increasingly
8:37
difficult for miners to operate, permit or develop silver
8:41
projects in Mexico. And look at this breaking news.
8:51
Mexico to ban open pit mining. This is from Reuters and that
8:56
proposal to ban open pit mining advances in Mexican Congress
9:00
proposal. I don't want to make sure we're
9:03
reporting this accurately, but let's get some details here.
9:06
A committee in Mexico's lower House of Congress approved two
9:10
constitutional reforms that would prohibit open pit mining
9:15
and fracking. The proposals passed on
9:18
Wednesday. So these passed OK, will be
9:21
taken up for discussion by the by the full lower house after
9:25
lawmakers returned to session in September.
9:28
So this is not officially occurred yet, but it's working
9:31
its way through the Mexican legislative process at a
9:37
minimum. What does this tell us?
9:40
It tells us that the attitude in the ruling class in Mexico
9:45
toward mining is that of we don't want you here, OK, What
9:50
does that tell us about the future silver supply, right?
9:54
Mexico, 200 million oz. That's like 25% of the world's
9:58
silver. We also know we, it's important
10:02
for us to consider that overall production of silver out of
10:05
Mexico over the the last few years has already dropped by
10:09
almost 25%. This is all happening in this
10:13
broader context, which is there's exploding demand for
10:18
silver guys. When we think about what's going
10:21
on with Mexico and with silver mining in the overall silver
10:26
market, it, it, it creates a situation where we really truly
10:30
could see a shortage. OK, here, let's, let's remember
10:36
quickly, it's our daily view. We're going to spend very short
10:39
period of time that yellow at the top, right?
10:42
That's the surplus of silver in the world that the world has
10:46
been sucking silver out of to make up the gap between what's
10:51
being demanded by the world for silver and what's being supplied
10:56
in the supply amount. With what we're hearing not just
11:01
from Mexico, but even just from the silver miners is going down.
11:05
We could see silver prices of $44.00 by Christmas.
11:10
Absolutely right. We could see $50 by Christmas.
11:16
Triple digit silver is not that far off on the horizon now.
11:20
Granted, for right now, silver's being impacted by this copper
11:24
industrial story, guys, that will change, OK, at the end of
11:28
the day, right? The the gold to silver ratio
11:32
right now is approaching 90 to one.
11:36
It's like 87.8 when I calculated this morning.
11:40
Are you kidding me? Are you going to take 90 ounces
11:44
of silver and trade them for one ounce of gold?
11:47
This out of control. It is absolutely out of control.
11:51
There is so much energy in the gold to silver ratio.
11:56
I mean historically you know it should be around 50 or 60 to
12:00
one. What would it be if you know
12:03
what, what should it be right now?
12:05
If if we had a, a 60 to one gold to silver ratio at the current
12:11
gold price almost $2500, we would have $40 silver right now
12:16
and 60 is like the kind of the recent average.
12:19
So hang in there, silver investors, it's coming, OK?
12:23
But let's talk about the next big catalyst that we could have
12:27
for the gold price and the silver price, and that is
12:32
Western investors coming back to the game.
12:36
All of this massive improvement that we've made in the silver
12:40
price, in the gold price over the last couple years, over the
12:44
last year, over the last six months has all been done with
12:48
absolute zero help from Western investors, OK?
12:53
You can see that in the ETF flows, the amount of money going
12:56
into things like the GLD, the SLV.
12:59
You can also see that clearly demonstrated in the gold mining
13:04
stock prices, in particular the gold mining stock prices in the
13:09
junior development and exploration sectors, right?
13:13
They there is no money. So but when a little bit of
13:15
money comes back, we are in for some very interesting times.
13:20
This is from our friend Ernest Hoffman at Kitco News.
13:24
Hold on one second here, guys. And he tells us ETF inflows
13:34
skyrocket in July as North American funds join the party to
13:39
drive global growth. This is from the World Gold
13:42
Council. There's some astonishing
13:44
information in this article and their latest gold ETF flows
13:49
report for July. The World Gold Council reported
13:52
the Global Gold Bag ETF saw their third consecutive month of
13:56
inflows. That means money going into the
13:58
ETFs. We don't like GLD, we don't like
14:01
SLVA, lot of people don't in the stacking community.
14:04
But nonetheless, it's a good proxy.
14:06
It's a good example for the amount of money coming into the
14:10
sector. And if they do indeed by the
14:12
physical metal that they purport to buy, it creates demand for
14:17
silver and for gold. OK, so the third consecutive
14:20
month of inflows, adding 3.7 billion in bullion investment
14:24
during the month. And while the numbers were very
14:27
strong, the biggest surprise was the region that drove the
14:31
growth. Notably, all regions reported
14:36
positive flows this month, with Western gold ETFs contributing
14:41
the most. A combination of July inflows
14:44
and a 4% rise in the gold price pushed total global assets under
14:49
management 6% higher to $246 billion, a new month end record.
14:56
So the flows came in from the West.
15:00
And if we look at this chart below, I know it's hard to read,
15:02
but on the right that shows the month of July and that shows
15:08
that big dark blue part that is Western investors.
15:12
And if you look back just a few months, Western investors were
15:15
selling. This is big, big news, guys,
15:18
because as the Western investors join the party, right, that
15:22
could be the catalyst, that could be the marginal piece of
15:26
demand that could send the gold and silver price much, much,
15:29
much higher. We're going to talk more about
15:31
this, but I want to run out. Let's do an update on the gold
15:34
price and silver price. Come on, guys.
15:36
Wow, go. Hey, green, green, green
15:39
platinum, you're going to get there, OK.
15:41
But gold up $33.70 per oz right now, $2489 silver, 2834 per oz.
15:52
Hey, thank you to our channel sponsor Pembex.
15:55
That's the website that you are looking at right now guys.
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This channel is not possible without the support of
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I've worked with PMBEX for over a year buying silver.
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I worked with them before they sponsored Ron's Basement.
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I think you'll find what I find, and that is the PMBEX always
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I know that there's several more ounces of silver in there
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And if you ever, ever consider converting an IRA to precious
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Be smart about it, OK? But please talk to PMBEX and
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compare what they can do for you to these other companies that
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I'm talking 20 percent, 30%, maybe even more.
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But you can do the math for yourself.
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Take your time if you ever get in that situation, OK?
17:39
All right, guys, back to the ETF inflows.
17:41
Successive inflows over recent months have narrowed the year to
17:46
date loss in global gold ETFs to $3 billion, they noted.
17:50
And while this is important, while collective holdings have
17:53
fallen by 72 tons OK, so far in 2024, their total assets under
18:01
management rose by 15%, supported by a 17% increase in
18:06
the gold price. So total tons in the ETS are
18:10
still down a little bit for the year and look at what the gold
18:14
price has done and you know eventually the silver price will
18:18
follow. Absolutely.
18:21
OK. So the total tons are down a
18:23
little bit, but overall value of the holdings are up because the
18:27
gold price is up and that's going to continue up.
18:31
And when the Western investor comes back guys, just a trickle.
18:35
Thank you, Daniel. Thank you my friend.
18:38
That is awesome. Wow.
18:40
Thank you for that super chat. When the Western investor comes
18:43
back, just a trickle will be a catalyst for much, much higher
18:46
prices in the silver market and the gold market, $3000 gold.
18:51
Bloomberg, right, Bloomberg, our next story is talking about
18:58
$3000 gold. OK, just a matter of time.
19:06
How do you like that? Do you agree?
19:09
Just a matter of time before gold gets to $3000 an ounce,
19:15
says a Bloomberg strategist. On August 12th, Mike Mclone,
19:22
Senior Macro strategist at Bloomberg Intelligence, shared
19:27
his insights on the gold market and broader commodity trends
19:30
during an interview with Yahoo Finance.
19:33
According to Mcglone, the rise in gold prices is just a
19:36
fleeting is not just a fleeting trend, but a signal of deeper
19:40
macro and macroeconomic challenges.
19:43
He highlights the gold has been outperforming major stock
19:46
indexes, including the S&P, on a year to date, one year, two
19:51
year, and three-year basis. The performance, Mcglone argues,
19:54
is indicative of significant underlying problems in the
19:57
global economy. Yeah, guys, we talk about it all
20:02
the time. Are there problems in the global
20:04
economy? Are there problems with global
20:07
debt? Yes, yes, yes.
20:09
OK. But consider this.
20:12
Don't you think that people, investors, Wall Street are going
20:16
to start paying a little more attention to gold and silver
20:20
when they realize that the metals have outperformed the S&P
20:24
500 again, right? ETF inflows, more money coming
20:30
into gold and silver, it's not going to take a lot at all for a
20:35
big impact on the price. The clone is bullish on gold's
20:39
future, predicting that it will eventually reach $3000 per oz.
20:45
OK, one of the pivotal events Mcglone points to is the quote
20:49
UN quote unlimited friendship between President Xi of China
20:54
and President Putin of Russia, which he claims began in 2022
20:58
following the Ukraine situation. These developments, he suggests,
21:02
have tilted the global order in favor of gold.
21:05
Massive bricks meeting coming up on October 22nd.
21:10
The prospect of hearing about a gold backed trade settlement
21:14
currency, what do we expect that's going to do to the gold
21:18
price and the silver price right?
21:21
If the bricks announce a gold backed the unit gold backed
21:25
trade settlement currency, it's game on massive bricks meeting
21:30
October 22nd October 23rd in Russia.
21:34
We're going to be watching that super closely.
21:37
The Globe points out that central banks, which has some of
21:40
the deepest pockets globally because they can print money,
21:44
have been significant buyers of gold during this period.
21:46
Although there have been some outflows from gold ETFs like we
21:51
just discussed why we could be a Bloomberg analyst, we're
21:56
basement analyst. Recent months have seen a
21:59
reversal with inflows picking up again.
22:02
As we discuss, Mcglone sees this as recognition of gold's role as
22:07
a safe haven asset, particularly in light of the risk associated
22:11
with a potential US recession or depression and peaking of US
22:17
bond yields. One last point.
22:21
Nope, that was it. I apologize.
22:24
So that's what's happening. We have Bloomberg talking to us,
22:27
telling us Bloomberg $3000 gold. Reuters telling us Mexico's
22:33
moving forward with legislation to ban open pit mining.
22:38
OK, we've got gold. Hold on, Ron, I got a breaking
22:42
news spot recorded on JM. OK, $2500 per oz.
22:48
Let's go out and look. Let's get an update here again.
22:51
Let's just get an update. 2495 gold is up $40 per oz.
23:01
Oh my gosh, I don't, I'm going to lose it.
23:06
I don't know what's going on, What is happening.
23:09
OK, what is happening? Let's go to our subscriber
23:12
comment of the day. Guys, this is a good day for
23:14
precious metals investors. I guess who else is happy?
23:19
This guy right here, right? The $2500 gold bear, he's been
23:23
with us from day one in the basement.
23:25
If the spot price closes above $2500, we will have the great
23:31
unveiling, the great removing of the gold bears blindfold.
23:35
OK, it's crazy what is happening right now.
23:38
But while we're here, let's say thank you to channel sponsor
23:40
First Mining Gold, Canadian gold developer with two multi million
23:44
ounce projects in Canada, development stage projects.
23:48
I actually talked on the phone with the CEO of the company, Dan
23:50
Wilton last night. Guys, these mining stocks, in
23:54
particular development stage stocks are at such value levels,
23:58
it's incredible. OK, You do your own diligence,
24:01
right? You know, I thought they were
24:04
incredible values two years ago, and they were.
24:06
And the price has gone down, right?
24:08
So I don't have a crystal ball, but I do have a degree in
24:11
accounting. When I look at companies like
24:13
First Mining Gold and even a producer like channel sponsor
24:16
Fortuna Mining, the value proposition is astounding to me.
24:22
Prices can always go lower. Stocks are risky, so do your own
24:25
due diligence. But boy, oh boy, it sure feels
24:29
like to me that we're on the cusp of some big movements in
24:33
the gold mining stocks. OK, let's go to our viewer
24:36
comment from viewer Jay Jenkins 6021.
24:53
He wrote this. This is this is very, very
24:57
interesting and and you know, part of what we know and believe
25:03
as silver and gold stackers when faced with this dilemma, if a
25:07
country is facing default, they will print if they can, no
25:12
country in history, none. When faced with this choice,
25:18
they always print. Always.
25:21
There are no examples of a country choosing otherwise.
25:25
If your choice is to default on your debt or print, they always
25:30
print. Thank you JJJ Jenkins 6O21 for
25:34
that comment. Guys, your comments matter.
25:36
This is how we learned. You know he brought up a great
25:39
point, right? History, right?
25:42
Aren't we taught always? Haven't weren't we taught right?
25:46
Study history because it'll tell you what's going to happen in
25:49
the future. If we know right now for a fact
25:54
that every country in history when faced with default is
25:57
printed right. Do you want we we always look at
26:00
the at the price of silver in Argentina who printed right Debt
26:04
crisis monitor Every country will print right because the the
26:09
the other option is for the wealthy, the elites to have pain
26:13
and they don't want that to happen.
26:14
They will dilute the currency. It will happen.
26:17
It has always happened. It will always happen.
26:20
OK, another great point right? Another, another viewer, Tim
26:27
Zoob emails me yesterday says the current price resilience and
26:31
gold and silver is something it is guys, we have, we have been
26:35
faced with, I mean, this is the worst time of the year.
26:39
That's what I forgot to say. Let me back up.
26:41
Let me frame this for you. The time of the year that we're
26:44
in right now is the worst time of the year for precious metals
26:49
prices. Welcome to the hardest time of
26:52
the year, statistically speaking.
26:55
But at the same time, right, we have gold now approaching $2500
27:00
per oz. That's happening during the
27:02
worst time of the year. We talked about this.
27:05
This is what is so crazy exciting.
27:08
Gold and silver did, did really well over the last two years,
27:12
right? We had our hard times, no doubt
27:14
about it. I remember February earlier this
27:17
year, I, you know, it's my birthday month.
27:19
I remember on my birthday, I was like, nobody loves me.
27:22
Look at the gold price and silver price.
27:24
I mean, things were down. The mining stocks were down, we
27:27
were down, but we didn't give up.
27:29
We showed strength and resilience.
27:32
OK, absolutely. You know, every morning when I
27:35
wake up, I do a number of things, one of which is I try to
27:38
do a little something spiritual, believe it or not, but this
27:41
relates to gold and silver. I also, it's kind of a coin
27:45
flip. What I'm going to do first check
27:46
the gold and silver price. But this I wanted to share with
27:49
you because it was a little reading this morning from a
27:51
thing called the Gratitude App. And I think it relates to what
27:55
we're dealing with right now. And what we've been through is
27:58
gold and silver investors and maybe just good life advice in
28:01
general. Quote of the day, it's not
28:03
whether you get knocked down, it's whether you get up.
28:08
And that's from Vince Lombardi. And I think that it's safe to
28:12
say silver and gold investors, yes, we got knocked down many
28:16
times, but you got up, right? You fought back, OK?
28:20
You fought back. Please give this a thumbs up
28:23
last time. I'll beg you.
28:24
Please subscribe to the channel. And thank you for the Super
28:27
chats, OK? Thank you, Daniel, for your
28:29
generosity this morning. It does go a long way.
28:31
Susie and I are supporting the family off this channel.
28:35
There's no other way to say it. So support that you give us is
28:39
much appreciated, along with what we get from our sponsors.
28:42
Don't give up, OK? Absolutely.
28:45
Don't give up later today. Goolsbee.
28:49
Goolsbee. Yeah, the Fed will be at it
28:52
again. Now, I don't know what time, but
28:57
I think he's Chicago Fed president.
28:58
Goolsbee will be talking. Guys, if the gold price starts
29:02
to get a little, be prepared, right?
29:04
We're not out of the woods necessarily.
29:06
We could have some more turbulence because we're going
29:09
to have a ton of Fed speakers, I heard somebody say, because
29:13
there's kind of a big gap between the July and the
29:15
September Fed meeting. Like we could have like 50 Fed
29:18
events during that period. And they will manipulate the
29:22
process. Remember, the Fed hates gold.
29:25
the Fed hates silver. It's like kryptonite.
29:29
The Superman, OK, they don't like it.
29:32
The dollar, this thing. Let me show you this, right?
29:38
This is the old dollar. And if you look at the very top,
29:41
as it comes into focus, come on, come into focus, there it is,
29:47
silver certificate, right? And on the bottom it says it's
29:51
redeemable in silver, $1.00 in silver, payable to the bearer on
29:59
demand. This is the new dollar, OK?
30:02
It doesn't say that I'm not. You don't have to look at it.
30:06
This is the as an enemy and his enemy.
30:10
Is this silver, gold. OK, so whatever we get out of
30:17
the Fed, especially if we're working through this period,
30:21
we're getting robust price increases in silver and gold
30:25
could be negative to the silver and gold price.
30:29
At the end of the day, nobody can beat God's money, silver and
30:33
gold. That's just the way it works,
30:35
baby. Like the, like our friend JJ put
30:38
said in his in his comment, right, when faced with the
30:41
dilemma, they will print. That's all they can do.
30:44
We've, we've seen, absolutely have seen interviews with, with,
30:48
with the central bankers where they say, oh, we'll just print
30:51
money. We'll just print.
30:52
We'll just print like it's no big deal.
30:55
What is a big deal to an American who's maybe not wealthy
30:58
and doesn't have a $10 million stock portfolio and it works for
31:02
their money and tries to save a couple $1000 for a rainy day,
31:07
right? Like I'm having a rainy day
31:08
today, guys. I got to bring 412 year olds,
31:11
get to bring 412 year olds to Six Flags here in about 1/2
31:14
hour. OK.
31:16
But on top of that, when I come down here, I go over to brush my
31:18
teeth and my little utility sink and the damn washing machine's
31:21
broken again for the fourth time in four months.
31:24
I'm tired of being a Bosch washing machine repairman.
31:27
It's been a great washing machine.
31:28
I love Bosch washing machines. I've had it for 25 years.
31:32
But I think it's might be time that we have to get a new
31:34
washing machine. A rainy day back up.
31:37
Let's get back to gold and silver.
31:38
Wish me luck, right? I just want to let you know my
31:41
life's not all unicorns, lollipops and rainbows, all
31:44
right? We all deal with crap.
31:47
Welcome to the real world. Anyway. the Fed hates silver.
31:53
The Fed hates gold. OK, they do.
31:56
The government hates silver. They broke up with it in 1971,
32:00
right? How many breakups do you see?
32:02
Like, you've been through breakup?
32:04
I've been through breakups. Usually the people aren't real,
32:07
you know, aren't, aren't like sometimes they are.
32:11
And supposedly we still have gold at Fort Knox.
32:13
But generally, people aren't very supportive of each other.
32:16
So beware for that. Hey, it's a crazy day.
32:19
Let's run out one more time and just make sure they haven't beat
32:23
silver and gold back to a pulp. Let's go out to pin backs and
32:27
press the magic pin. Look at that.
32:29
Wow, 44 dollars. Oh my gosh, 2499 boy, the bear
32:36
is getting excited. Hey guys, it may be tomorrow if
32:39
the spot price of gold closes above $2500 today that that that
32:45
that blindfold comes off the bear tomorrow.
32:48
Thanks for being here. Thanks for being.
32:50
Thank you to the moderators, Jake, Annie, a big Tim, the
32:54
silvershire. Thank you guys.
32:57
OK, don't forget, go register for the giveaway.
33:01
See if I can do this right. From our friends at Pimbex Pi MB
33:06
EX first mining gold, Fortuna mining.
33:09
You can learn more about them at their respective websites.
33:12
There's links to all these in the description of this video.
33:16
The giveaway. I told you that.
33:19
I think that's it. Have a great day.
33:21
OK, Thank you, guys. I really appreciate you.
33:24
That's a big deal. When you come hang out in the
33:27
basement. We have something in common.
33:31
I hope you feel like you know, you're you know that you're part
33:35
of this group. Some of us, we call ourselves
33:37
basement dwellers. I'll that's up to you.
33:39
Call yourself what you like, OK? But I want you to know you're
33:43
always welcome here. Leave comments, OK?
33:46
Please engage with people. A lot of people have made many
33:49
great friends through this channel and that's probably one
33:53
of the most rewarding components to what we're doing.
33:57
Have a great day. OK.
33:58
And I will see you soon.