Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **THIS is CRITICAL!** 🦍🦍 SILVER Just had a MASSIVE Change... (COMEX Shock!) Gold - Precious Metals
Transcript
- 0:01Together, as silver and gold investors, we are living through
- 0:05unprecedented times, opportunities like never before.
- 0:10We're going to learn a lot. Today we're actually going to
- 0:12talk about not $600.00 silver, but as high as $1000 per oz
- 0:17silver in the next 5 years. But we've also got breaking
- 0:22information from the smartest minds in the precious metal
- 0:26sector, in the general financial analysis sector that can make us
- 0:31super excited. We got a lot to learn and we're
- 0:33going to do it together. Please subscribe to the channel,
- 0:35give the video thumbs up, leave a comment in the comments
- 0:38section and super chats. They're always much appreciated.
- 0:42Never, ever expected. Let's go right into $1000 per oz
- 0:48silver and get ready for the big open tonight.
- 0:51Don't forget, let me talk about this the the markets are going
- 0:54to open here very shortly. Remember, we can have a lot of
- 0:57short term noise. What we're looking at are
- 1:00months, quarters and years into the future.
- 1:04OK, a lot of short term noise, but the future looks bright for
- 1:07the metals. Let's get started by checking
- 1:10out this $1000. You got it right there from
- 1:15Jeffrey Christians Wig $1000 per oz silver.
- 1:19But why? And when we dig into this guys,
- 1:22it makes total sense. He says this is fact based
- 1:26silver forecast for the 2026 two 1031 super cycle in academic
- 1:33analysis of the 1970s bull market adjusted for today's
- 1:37structural realities. This is a multi page report I'm
- 1:41going to share with you just the highlights which I have
- 1:44highlighted for you in blue in a prolonged acute oil shock
- 1:48stemming from the Strait of Hormuz disruptions combined with
- 1:52persistent in red you US fiscal dominance.
- 1:56I'll explain to you what that means in one second And eroding
- 2:00confidence in sovereign debt. Silver is positioned for a multi
- 2:05year super cycle leg that could drive prices to 600 to $1000 per
- 2:11oz by the 2029 to 2031 time frame.
- 2:17Let me remind you, 2029 is less than three years away.
- 2:23This is where the meat of it is right right now, and I'll come
- 2:25back to that fiscal dominance because that's important for us
- 2:28to learn what that means and what the definition of it, but
- 2:32more importantly, what it means for silver and gold.
- 2:35He says this forecast is not speculative hype, but a
- 2:39disciplined hypothetical derived from the 1970s stagflation path,
- 2:44which we've talked about ad nauseam, rigorously adjusted for
- 2:482026. Unique fundamentals, All right,
- 2:52The unique situation that we are in right now, historically low
- 2:56exchange inventories, the COMEX, the LBMA, the Shanghai Gold
- 3:01Exchange, in the Shanghai Futures Exchange, declining ore
- 3:05grades, yes, all the easy silver is gone guys.
- 3:09Not to mention hardly anybody was exploring for silver over
- 3:14the last number of years because of the artificial suppression of
- 3:18the price was so low, it didn't make sense. 7 to 15 year plus
- 3:23year mine life development life cycle.
- 3:26You can't just turn a switch to the silver mine and have it make
- 3:31more silver. It takes 7 to 15 years.
- 3:33Oh and by the way, a little added bonus feature, 70 to 80%
- 3:38of the silver that is mined is mined by accident.
- 3:42It's a by product of copper, lead, zinc mining.
- 3:46OK and powerful new price and sensitive demand from AI, data
- 3:51centers, robotics, EVs and solar.
- 3:54These factors silver supply response far more inelastic
- 3:58meaning it can't, it can't, it can't adjust than what we had in
- 4:04the 1970s, while secular demand and debt dynamics amplify the
- 4:09upside. Woof, OK, is it making sense to
- 4:13you? The recent March 2026 pull back
- 4:16to the 70 to 80 range is viewed as a classic interim liquidity
- 4:21driven volatility. We talked about that yesterday.
- 4:25The liquidity smash is over, OK, within a longer bull market, not
- 4:32a trend reversal. Don't worry, I'm going to come
- 4:34back to that fiscal dominance regime trend.
- 4:37It's very look at this thing. OK, Look, I you don't want to
- 4:41sit here and listen to me read for hours, but let's just look
- 4:44at one more paragraph. The conclusion silver set up in
- 4:482026 combines the monetary safe haven roll.
- 4:53Don't forget, silver is the original monetary medal.
- 4:57We don't talk about that enough. We did a whole live stream on it
- 5:00yesterday. Silver is not, is not gaining
- 5:04monetary status. It is reclaiming it, just like
- 5:08gold has done more recently. It's going to happen for silver
- 5:12as well, OK. Silver set up, it combines
- 5:17monetary safe haven roll of the 1970s with modern physical and
- 5:22industrial tailwinds, right? Silver has been monetary metal
- 5:27for thousands of years now it's this industrial, it's got this
- 5:32new component to it, which is also exploding as well.
- 5:36And that makes the supply demand imbalance more acute and
- 5:40persistent in a prolonged acute oil shock and fiscal dominance
- 5:44regime. The adjusted historical analogy
- 5:48points to a peak of 600 to $1000 by 20/29/31 as a probable, not
- 5:55hyperbolic outcome. Patient exposure via physical
- 5:59silver quality miners or leveraged vehicles remains A
- 6:03rational hedge against the erosion of sovereign paper
- 6:07claims. OK, I promised you I would tell
- 6:09you what that means. Fiscal dominance regime and the
- 6:14reason why that's so important, what that mean when you hear
- 6:18that term fiscal dominance regime, it sounds like, oh, the
- 6:21United States is dominant. Dominant.
- 6:23No, it doesn't mean that. What it means is that a country
- 6:27becomes dominated by their fiscal position.
- 6:31And fiscal's a fancy word. It just basically means
- 6:34financial position. It means that the United States
- 6:37is moving into a situation. And wait till you hear what this
- 6:41ex Goldman Sachs guru says later.
- 6:43I got a little video clip that we'll watch.
- 6:45But that a country moves into a position where they're dominated
- 6:49by their debt, by their deficits, by the interest rates
- 6:52that they can't control anymore. OK.
- 6:56And we're we'll talk more about it.
- 6:57So it's not a good thing, right? And what he's talking about is
- 7:01the historic monetary basis of silver coupled with that fiscal
- 7:06dominance, which is not a good thing for silver or I'm sorry
- 7:10for the government, but good for silver.
- 7:12Sorry, I misspoke. And, and on top of that, all the
- 7:16industrial demand, everything else going on, guys, it's
- 7:19looking good. Let's go to the COMEX.
- 7:23We got a great one here about what happened on Friday.
- 7:27OK, and we'll elaborate on this a little bit, but silver trade
- 7:31put this out on Friday. They said it's the day after the
- 7:34COMEX options expire and oh, gold spikes by $150.00 and
- 7:42silver jumped by $3 when they put this out.
- 7:46Didn't quite close that high out.
- 7:48OK, bullion banksters are nothing if not predictable and
- 7:53everybody was scrambling on Friday to figure out what
- 7:57happened. What made the price of gold
- 7:58remember on Friday big key event happened.
- 8:02Gold and silver decoupled from the general markets.
- 8:05The general markets went down. Gold and silver went up, oil
- 8:10went up, gold and silver went up, right?
- 8:13Interest rates, which are becoming a big issue, went up.
- 8:16Gold and silver went up. But everybody's like, what's
- 8:19happening, right? That was a huge event.
- 8:21But on top of that, some of the smartest people in the room who
- 8:27really dig into what goes on at the COMEX in the LBMA are
- 8:32speculating, maybe we could say accusing.
- 8:36But anyway, that what happened on Friday had to do with the
- 8:38fact that the options had expired and now the market was
- 8:43able to operate a little more freely.
- 8:46We won't say freely, right? Those guys at the COMEX in the
- 8:50at the COMEX in particular, right?
- 8:52We know JP Morgan, there's a whole big list of big financial
- 8:56institutions who were convicted basically of manipulating the
- 9:01price on the Comex. So next we're going to talk
- 9:04about the guy that is super smart there.
- 9:08Some people are calling him the next Eric Sprott, super smart
- 9:13guy and also a very nice guy and why he's optimistic about where
- 9:17we sit right now with gold. And by default, silver is well
- 9:22before we do that, I want to say thank you to channel sponsor
- 9:25Brixton Metal. They're a Canadian metals
- 9:28explored corporation company. They've got copper, gold, a big
- 9:32silver project in Langus, which at Langus, which is in Ontario
- 9:38in Canada, and, and some nickel is well, they've got 4 projects
- 9:42all in Canada and the United States.
- 9:46You can check them out at brixtonmetals.com.
- 9:49And while we're talking about mining, let's talk about first
- 9:53mining gold. They're a development stage gold
- 9:56company. That means they've already
- 9:59established that they've got 2 huge deposits of gold in the
- 10:04ground. They both are in Canada, Spring
- 10:06Pull in Ontario and Duparquet located in Quebec.
- 10:09You can learn more about them at firstmininggold.com.
- 10:13I'm not a financial advisor, do your own research, but I do want
- 10:17to tell you those are both stocks that I've owned for a
- 10:20long time and long before they sponsored my channel.
- 10:24I like to say that I eat my own cooking.
- 10:26Let's go out and see what Michael Gentilly is saying about
- 10:30gold. And again, Michael Gentilly is a
- 10:33super respected name in the precious metal sector.
- 10:37He puts out a little newsletter on Saturday mornings and he's
- 10:42very optimistic about gold and by default silver as well.
- 10:48But the first chart that he shared, I took a screenshot is
- 10:51this one right here, guys, This says everything, OK?
- 10:54This compares real assets to financial assets.
- 11:00OK, There it is right there. Real assets versus financial
- 11:04relative price. Here we are.
- 11:06Here's 2025. We are way down here right right
- 11:11about .2. As you can see several times
- 11:15throughout history, including around 1980, we got all the way
- 11:19up to 1. Even right right around 2011 we
- 11:24got up to .4, almost 2 times where we are right now.
- 11:28No matter what, if this is measuring, measuring
- 11:32commodities, overall commodities, we are in for a
- 11:35commodities super cycle which will be good for silver, will be
- 11:41good for gold, and will be good for the precious metal mining
- 11:44stocks. The other chart that he pulled
- 11:46up that a lot of people are freaking out about and he put a
- 11:49very positive spin on this is the fact that the gold ETF had
- 11:54massive outflows. As you can see down here circle
- 11:58this largest monthly outflow since April of 2013.
- 12:05OK, we had this in the last month, right As you can see a
- 12:10big collapse now in terms of outflow of money from the ETS.
- 12:15Why is that a good thing? Because when because it, it
- 12:19flushed out a lot of the short timers and it was also this
- 12:22liquidity driven correction that we saw because of all these
- 12:27events going on in the world right now.
- 12:30Nothing goes up in a straight line.
- 12:32So when things get flushed out, that typically allows us to
- 12:36generate and build a new base of holders, whether we're talking
- 12:40about the GLDETF physical silver price, anything, even the mining
- 12:45stocks. OK, it, it, it.
- 12:47And let's next we're going to go to the mining stock insanity
- 12:51that's going on right now. And the reason why we keep an
- 12:53eye on the mining stocks is because, well, I love gold, I
- 12:56love silver, and I love the mining stocks.
- 12:59And whether or not you own any of the mining stocks, it's part
- 13:02of the entire gold and silver ecosystem.
- 13:05And this is just insane. What is going on with the gold
- 13:10and silver mining stocks? And I'll tell you why.
- 13:13Let's, but first, let's go check this out.
- 13:16This comes from the Kobesi Letter and they share with us
- 13:22Gold stocks are in a. This is crazy and a historically
- 13:27oversold territory. 95% of stocks in the Gold Miners ETF
- 13:32are now trading in a bear market, the highest since at
- 13:36least April of 2023. This has surged by 850% over the
- 13:42last four weeks as gold miners have dropped 25% over this
- 13:48period. Yes, right.
- 13:49I've owned gold mining stocks for decades.
- 13:52They dropped a lot of them, dropped 50% over since the start
- 13:56of the the war in the Middle East entry.
- 13:59But there's a reason why it is makes no sense, defies logic.
- 14:03I'm going to share that with you.
- 14:05Entering a bear market for the first time since 2023.
- 14:09By comparison, 90% of stocks in the ETF were in a bear market in
- 14:12October. From that point until March 1st
- 14:15of 2026, the gold miners rallied by over 340%, experiencing 1 of
- 14:22the biggest bull markets in history.
- 14:24Gold miners have rarely ever been this oversold.
- 14:29OK. And that shows it down there.
- 14:31The reason why this is insane, what's going on with the gold
- 14:36miners and the silver miners. We are going to wrap up the
- 14:39first quarter of 2026 on what Tuesday is, is, is March 31st?
- 14:46Yes, should be today's Sunday. Yeah, I, I can figure that one
- 14:49out in my head, guys. The sales price that what, what
- 14:55these miners, the gold and silver miners have been able to
- 14:57sell their gold and silver for in the first quarter that we're
- 15:01two days away from wrapping up is historic all time highs.
- 15:06OK, Do you realize that? OK, The the, the, the a silver
- 15:10miner has sold silver over the last three months for a higher
- 15:14price than they ever have a gold miner.
- 15:16The same thing. I'm going to show you proof
- 15:19right now on the charts. Let's go out to first, we will
- 15:26go to the silver chart. This is the Comex Silver's
- 15:30futures chart and this is a six month chart as you can see right
- 15:35there. So in here is the start of the
- 15:38year. I'll draw a line.
- 15:40OK, right there. OK this so this was the fourth
- 15:44quarter of last year. This is the first quarter of
- 15:48this year. Let me draw a line across here.
- 15:52Here we'll go from about right here.
- 15:54We'll go from right where the silver price is right now.
- 15:57All right. As you can clearly see, OK.
- 16:01As you can clearly see, in the fourth quarter of last year, we
- 16:05were down here. What was the average price?
- 16:07I think it was, I don't know, $55 per oz.
- 16:10Here we are all right. From January 1st through March
- 16:1429th, pretty much the first quarter, the silver price has
- 16:19been well above the entire time. And the exact same thing is true
- 16:26when we look at the gold price. I won't go through the whole the
- 16:29whole process, but guys, here's 2026.
- 16:33OK, so this is fourth quarter of last year, first quarter of this
- 16:39year. Here's the current gold price,
- 16:42OK, which is about where we are, as you can see.
- 16:44I will do it. We were down here the entire
- 16:47time and during this quarter up here. 2 reasons why that's
- 16:51important. It makes no sense.
- 16:54Hold on, Get back to you. Hold on.
- 16:57I'm back. Little tech issue.
- 16:59It makes no sense that these gold mining and silver mining
- 17:03stocks have been decimated. Look, I don't have a crystal
- 17:06ball, but to me, they're vastly undervalued.
- 17:09But the other big thing for us to remember, whether you own
- 17:12gold and silver mining stocks or not, it's the entire, I like to
- 17:15call it precious metals ecosystem.
- 17:18And I'm telling you, I, I believe just me again, do your
- 17:22own research, make your own decisions.
- 17:25But I believe that we are going to see in the next year at some
- 17:30point a major, major blast off in the price of the precious
- 17:36metals mining stocks that will bring even more it like feeds on
- 17:40itself that will bring even more attention into the physical
- 17:46metals as well. Again, it makes absolutely no
- 17:49sense whatsoever. OK, Now more powerful forces,
- 17:54it's everywhere we look, right, that are providing tailwinds,
- 17:59wind in the sails for gold and silver.
- 18:01Before we do that, I do want to say thank you to channel sponsor
- 18:05First Mint. If you want to get your hands on
- 18:08some of the best world class silver bullion products that are
- 18:11out there, go check out First Mint's website, OK?
- 18:15They're owned by First Majestic Silver, who mines the silver,
- 18:19ships it to the First Mint facilities in Las Vegas, NV, and
- 18:23then it goes directly to you. They've got some unbelievable
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- 18:31now. And by the way, since we're
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- 18:48And and there you got a special $2 off silver cast bars.
- 18:53Everyone the most, the best thing about it for me, having
- 18:56them as a sponsor is how happy you guys are.
- 18:59I get message after message telling me how happy you are,
- 19:03right. And there is nothing in the
- 19:05world like this holding a piece of silver in your hand.
- 19:10Look at that. That's the back of the Buffalo
- 19:12round. You can see at the top.
- 19:15I was. I just man, I hope you share
- 19:19that Look, I love my family, all that.
- 19:22I'm sure you do too. But when it comes to like stuff,
- 19:25there's nothing like holding a piece of silver in your hand.
- 19:29OK? Silver, the new powerful,
- 19:32powerful on many levels. Silver is the new oil.
- 19:36Let's go out and check this out and talk about here it is right
- 19:42here. Boom, Eric Yong King Kong 9888
- 19:46super high respected name in the world of precious metals shares
- 19:51this with us. Few understand and that's where
- 19:54the money is made right? When few people understand
- 19:58right, you get positioned that silver is the new oil.
- 20:04A tsunami of silver demand is coming from countries that need
- 20:08a backup plan for their energy needs.
- 20:11Trump just made this a new reality and look at that
- 20:16picture. Not a not a political show, but
- 20:18isn't that cool? That wave of silver coming in?
- 20:22Why is this true? OK, because as you know, oil was
- 20:26the energy commodity of the 20th century.
- 20:29Oil powered everything. We won't go down that path right
- 20:33now. We've got an oil crisis in this
- 20:35country are in the world. Even before the oil crisis,
- 20:41silver was becoming the new energy commodity of the 21st
- 20:47century. It's happening.
- 20:49It's real. One simple way to think about it
- 20:52is solar like the the future of energy generation in this
- 20:56country and in the world. I'm sorry, it is definitely
- 21:00solar which is expanding crazy. And of course every solar panel
- 21:05who knows uses a half to a full ounce of silver in the solar
- 21:11panel. OK, but on top of that, nuclear
- 21:13as well. Those are the those are the
- 21:15energy sources of the future, no doubt about it.
- 21:19And and nuclear uses a significant amount of silver as
- 21:22well. So, and, and just think about if
- 21:25people are having energy issues, solar produces the energy right
- 21:30where it is needed. Of course, I'm talking about
- 21:33residential uses. But as people in India and China
- 21:37continue to become wealthier and wealthier, there's a lot of
- 21:40people in India that don't have electricity.
- 21:42Okay, So if they're able to put 4 solar panels or 4 ounces of
- 21:47silver on their roof and generate electricity right
- 21:51there, right on the spot, doesn't it make sense?
- 21:54But the what we're talking about also is a big macro move.
- 21:58Like Eric Young talks about the fact that silver absolutely is
- 22:04becoming and probably already is on top of that, the energy
- 22:10commodity, the energy metal of the 21st century.
- 22:16And you know what that means for demand.
- 22:18You know what that means for the future of silver and gold.
- 22:22OK, I got to clear some stuff up with you guys.
- 22:25All right. There was some accusations that
- 22:27were made. I want to touch on that right
- 22:30now and then we're going to come back.
- 22:32We're going to talk about an article from Kitco about gold
- 22:36and silver, which is very positive.
- 22:38And I've got man a guy, a brand new person to our channel, one
- 22:42of a super smart guy, ex Goldman Sachs, very down to earth.
- 22:46He says something about what is happening right now in our
- 22:50world, in the economy that affects us everyday.
- 22:53That's going to make perfect sense and also make us feel he's
- 22:56very bullish on gold and silver. But before we do that, I want to
- 23:00run out here. This is a viewer comment to
- 23:03viewer comments. We got to clear this up, OK?
- 23:06He says. Ron, blink twice.
- 23:09If Susie is keeping you in the basement against your will until
- 23:14Silver reaches $90.00, hold on. Let me look at you guys.
- 23:18Hold on one second. Let me look at you.
- 23:21And by the way, thank you for being here.
- 23:23By no means am I being held hostage by upstairs Susie in the
- 23:29basement until Silver hits $90.00 per oz.
- 23:35All right, back to the second comment.
- 23:38The next guy says I don't think he has enough oxygen in the
- 23:42basement. So I've got to be honest with
- 23:46you, this is my real basement. It's not AI.
- 23:49This is Ron's basement. And I do sit right next to a big
- 23:53old furnace. And I joked around that maybe
- 23:56there's a carbon monoxide leak down here.
- 23:58But Susie, it got really cold over the winter.
- 24:01And she what she recommended was that instead of venting the
- 24:04exhaust out through the chimney where it's supposed to go, that
- 24:08we modify it to the vent the exhaust down here in the
- 24:11basement so that I stayed warmer.
- 24:13It's nice warm air. OK, I'm just joking.
- 24:17But I love your comments. And then I love your nice
- 24:20comments. I want to say thank you.
- 24:21I read a couple this morning that really warmed my heart
- 24:25because you know what? Yeah, I love doing this.
- 24:27I love gold. And just like you do, I love the
- 24:30community that we've created. Don't forget to subscribe so you
- 24:33can come back, but it is hard work and I love the nice things
- 24:37that you guys say. So does upstairs Susie, she's
- 24:40out right now dealing with some IRL stuff, but she wanted me to
- 24:43say hello to all of you. Maybe in the comments.
- 24:46You can say hi to upstairs Susie.
- 24:48We're going to have the the gold and silver markets opening here
- 24:51real soon. Let's go out to Kitco and see
- 24:54what they're saying. We'll zip through this one.
- 24:56And then we got a little video to watch, which makes perfect
- 24:59sense of what's going on right now in the world of precious
- 25:03metals. Gold, big institutional buy in.
- 25:06But they say something scary about silver is still to come.
- 25:10Silver will follow gold's lead hire.
- 25:13That's from Sprott's McIntyre. Just this one paragraph.
- 25:18Sprott Mac and Sprott Sprott McIntyre who works for Sprott.
- 25:23Sorry, easy for me to say, says gold mate.
- 25:25Face near term headwinds from sky high treasury yields, but
- 25:30the underlying reasons why yields are rising will make gold
- 25:35only more attractive to individuals and institutions in
- 25:39the medium term, while silver might face more of an uphill
- 25:43battle blah blah blah. OK.
- 25:44Look, I agree with him 100%. And on Friday we may have seen
- 25:49the official decoupling. We're going to keep a close eye
- 25:52on that. Interest rates going up and up
- 25:54and up. It doesn't matter how high
- 25:58interest rates go, as long as inflation is higher, OK?
- 26:03That's called negative real interest rates, OK.
- 26:06You take the interest rate that the Fed has, the Treasury yields
- 26:10have whatever it is and you subtract from that the inflation
- 26:14rate, OK. And when the inflation rate,
- 26:16look interest rates, you could go to 6.5%, you and everybody be
- 26:21like, Oh my God, it's the end of the world, the Fed blah blah.
- 26:24No, not if inflation's at 10% or 12%.
- 26:27What matters is that gap, that gap between interest rates and
- 26:33inflation. Right now, supposedly we're
- 26:35about equal, OK, as inflation goes up, this gap, right where
- 26:40inflation is higher than interest rates, that's what
- 26:43matters. So even if interest rates go up
- 26:46here, if inflation goes up here and that gap's even bigger, who
- 26:51cares? Interest rates, and they might,
- 26:53they could go to 45% if inflation's hyperinflation at
- 26:58100%, right? People are going to be running
- 27:02to gold and running to silver. Very, very interesting.
- 27:05Now, I don't want to scare you, but I will, OK?
- 27:10Because we don't keep our heads buried in the sand.
- 27:12We want to know what's really going on out there.
- 27:14This guy, I'm going to play you like a minute and a half of the
- 27:17beginning of this video. I'd recommend you go check this
- 27:21out for yourself. This is a video that was on the
- 27:27What is it? Hold on a minute here.
- 27:29Let's get it on full screen. There we go.
- 27:34Right. Medals and miners.
- 27:36A great, great channel. Bryant Hirschman from Hirschman
- 27:40Capital. This guy runs like a hedge fund.
- 27:42He worked for Goldman Sachs. Yeah, I think he went to an Ivy
- 27:45League college. Very down to earth guy.
- 27:47Wait till you hear what that this wait till you hear what he
- 27:51has to say here about what's happening right now in our
- 27:54economy. But.
- 27:55Before we do, what's the big take away for those tuning in
- 27:59that you hope that they walk away with after listening to our
- 28:02conversation? Sure.
- 28:04I'd mentioned three quick things.
- 28:06The first is I continue to think this is the most dangerous time
- 28:10in U.S. financial history because it's the first time any
- 28:14major economy has had three bubbles all at the same time in
- 28:18US equities, US real estate and in US bonds.
- 28:22And all three of those bubbles should probably burst at the
- 28:24same time, and that could be very soon.
- 28:27And the consensus view on Wall Street is that that's not a a
- 28:31problem because the government will bail out the economy,
- 28:34markets. But I think that couldn't be
- 28:36more wrong. If the government could always
- 28:38bail out the market, then it would have been discovered 2000
- 28:42years ago, not just in recent years.
- 28:45Instead, I think this era of bailouts that we've had for the
- 28:48last 40 years is over because 40 years of government deficit
- 28:53spending has pushed the US government's finances to the
- 28:57breaking point. So in the next recession,
- 29:00instead of a bailout, we're likely to have a government debt
- 29:03crisis with extremely high interest rates and very high
- 29:06inflation because the US has this deadly combination of high
- 29:11government debt to GDP and very high borrowing from foreigners.
- 29:15The second point I'd make is that even though is a investor's
- 29:21portfolio, allocations to gold are still far less than they
- 29:25were at in 1980 at the P at the tail end of the last.
- 29:30OK, again, that's Brian Hirschman from Hirschman
- 29:33Capital. Woo wee.
- 29:36We got a lot to unpack on that one.
- 29:38OK, for the first time in history, there's a bubble in
- 29:43stocks, in real estate and in bonds.
- 29:47And as he says, and it makes sense to us, they're all likely
- 29:51to burst at the same time. But everybody says, oh, the
- 29:54government can fix it. The government, the Fed can
- 29:56print, blah, blah, blah. That worked during C-19, that
- 29:59worked during the GFC. It doesn't.
- 30:02It's called they kicked the can down the road.
- 30:05OK, but the can went from being a tin can to a coffee can to be
- 30:10in a 5 gallon bucket can, to be in one of those big metal fans
- 30:14that you see at your local park, right?
- 30:17Those big 55 gallon drums, if they put a plastic lid on and
- 30:21use for a trash can, you can't kick those.
- 30:23Maybe budget them, but you can't kick them.
- 30:26Very, very interesting. He talks about it's going to be
- 30:29a debt crisis. Remember what we talked about
- 30:31earlier fiscal dominance that that like where where the where
- 30:35the numbers look. Math shows no forgiveness on the
- 30:40altar of truth, right? And you can only do a, a, a
- 30:44Ponzi smokescreen, whatever you want to call it, scheme for so
- 30:48long. And it feels like we're at the,
- 30:50at the time right now when the hens come home to roost, a debt
- 30:55crisis that he said, like we just talked about earlier,
- 30:59defined by very high interest rates, but also very high
- 31:05inflation. So if interest rates go to 8%,
- 31:09but inflation's at 20%, guys, that is the most conducive.
- 31:15It's it's stagflation, it's bubbles bursting, it's
- 31:19everything all wrapped into one. I don't like it.
- 31:22I'm still mad, and I'm sure you are too, at President Richard
- 31:26Nixon for taking us off the gold standard in 1971.
- 31:30But it is what it is. I love this country.
- 31:33I hope we can get it figured out.
- 31:35Maybe they want to consider going back to what the founding
- 31:38fathers talked about. They weren't real fond of
- 31:41central banks, and they we're very fond of gold and silver.
- 31:46I don't care. No matter how you slice it or
- 31:48dice it, you make your own decisions.
- 31:50I'll make my own decisions. But I feel really good about
- 31:54where gold, silver and precious metal mining stocks are
- 31:58positioned right now. If you want a really cool, fun
- 32:02way to protect your gold and silver, maybe you've got a
- 32:06safety deposit box, maybe you've got a fireproof safe, whatever.
- 32:09Do what you could. Consider doing what the pirates
- 32:12did. This is a dirty man safe.
- 32:17There's a discount code Ron 10, like Ron's basement, but Ron 10,
- 32:22these get buried in the ground. You know who else buried their
- 32:25treasure in the ground? The pirates are right.
- 32:29And it's worked really, really well.
- 32:31Because think about it, right? Don't tell me, don't tell
- 32:34anybody. Tell maybe one person where you
- 32:36bury your treasure. But on top of that, it's safe
- 32:41from fires, floods, all natural disasters.
- 32:44People are still running around trying to find the buried pirate
- 32:47treasures. So apparently it has worked.
- 32:50You can learn more about them at dirtymansafe.com.
- 32:53Don't forget Ron 10. OK, you'll get a discount and
- 32:58they might include a couple more little fun things in there for
- 33:01you as well. All right, guys, thanks for
- 33:02being here. Subscribe, please.
- 33:05Thumbs up. Most important, take care of
- 33:07yourself. I appreciate you.
- 33:09Upstairs, Susie says hello and we will look forward to seeing
- 33:13you. Yes, you, you next time.
- 33:17Bye. Bye.