Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 Shocking $2300 Gold Price PREDICTION by Wall Street Bank -- (Silver Price Too)

Transcript

🚨 Shocking $2300 Gold Price PREDICTION by Wall Street Bank -- (Silver Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:02
  Hey, guys. Welcome to the basement.
• 0:04
  Welcome to the live stream. I'm doing this through a hard
• 0:07
  wired CAT5 cable, so I hopefully won't have as many audio
• 0:11
  disruptions. I apologize to you for what's
• 0:14
  been happening over the last few days.
• 0:16
  Let's hopefully see that this works better.
• 0:18
  It's quick live stream, but we've got a lot to cover.
• 0:21
  There's so much going on. We're going to talk about the
• 0:24
  gold and silver price, of course, But but what's the big
• 0:29
  news out of Goldman Sachs that has everything to do with gold
• 0:32
  and silver? And what did Reuters tell us
• 0:36
  about the Swift system and CBD CS?
• 0:40
  That should have us shaking in our boots?
• 0:43
  Let's get started right away. I'm mad.
• 0:45
  Are you mad? Are you tired of the last few
• 0:48
  days? The COMEX or the LBMA?
• 0:51
  Whoever the paper traders, the manipulators, they're up to
• 0:55
  their old tricks. If you noticed about 8:30 AM
• 0:59
  Eastern Time the last few days, and we've talked about this a
• 1:03
  lot in the past, the price of gold up like $18.00 and then in
• 1:08
  the matter of like 10 or 15 minutes smashed down.
• 1:12
  But they're having a hard time smashing it down too far.
• 1:15
  And I think in the end we're going to see, do you think?
• 1:19
  I mean, we know it's happening. We're going to see right,
• 1:22
  continued levitation within the silver and gold price.
• 1:27
  And what about the stock market? Are you ready for a stock market
• 1:30
  crash? I was thinking this morning like
• 1:33
  everything in the market, the general markets, the S&P 500,
• 1:37
  the NASDAQ, right, record highs, record highs.
• 1:40
  I keep hearing about guys, it is a big Unicorn party going on a
• 1:46
  Unicorn fart dust party. What whatever you want to call
• 1:49
  it, make believe, funny money, magic money.
• 1:53
  You know, I was thinking about the stocks like some of these
• 1:55
  big tech stocks like Apple and Tesla and you know the list goes
• 1:59
  on and on. NVIDIA right?
• 2:02
  These things are so crazy richly valued over valued.
• 2:09
  You know, when you look at like the price to earnings ratio,
• 2:12
  just so you know, like if a company has a a 41 price to
• 2:17
  earnings ratio or even a 25 price to earnings ratio, which
• 2:22
  is pretty normal right now for a company in the S&P 500.
• 2:26
  That means, right. That means that it would take 25
• 2:30
  years of pure profit being returned to investors just for
• 2:35
  them to break even at current prices.
• 2:38
  It's absolutely crazy. And it's even crazier when you
• 2:41
  compare what value you get for each dollar that you put into a
• 2:46
  lot of these stocks that are so overvalued right now.
• 2:50
  I'm telling you, a lot of times for every dollar you put in to
• 2:53
  the S&P 500, you're lucky to be getting $0.20 of assets of real
• 3:00
  assets after you back out the debt.
• 3:02
  So I don't care what they say, the stock market in general is
• 3:06
  overvalued. But I would like to throw in
• 3:08
  that is not the case in the precious metal mining stock
• 3:11
  sector where we see all time record under valuations, the Hui
• 3:18
  index when compared, the Huey index, Huey to gold index, our
• 3:22
  Huey to gold ratio, I'm sorry, it's a ratio comparing the
• 3:26
  biggest mining companies to the price of gold.
• 3:29
  It's near an all time low and often times for every dollar
• 3:33
  that you put into a precious metal mining stock, you're
• 3:36
  getting at least the dollar and in some cases even more in
• 3:40
  assets. It's the exact opposite of what
• 3:43
  we're seeing in the general markets and especially within
• 3:47
  the tech sector. So I don't care what they say,
• 3:49
  it's getting crazy out there. Let's talk about Goldman Sachs
• 3:52
  quickly. What are they telling us about
• 3:55
  gold that should have all of us very, very happy?
• 3:59
  We have an article here from hold on a second, make sure we
• 4:03
  got this right. Here we go.
• 4:05
  This is from Yahoo Finance Gold's record March higher set
• 4:10
  to continue, Goldman says. These are our friends at Goldman
• 4:15
  Sachs who we we are liking right now.
• 4:18
  Gold's roughly 8% month to date. Rally has room to grow with the
• 4:22
  precious metal poised to hit $2300.00 an ounce by year end,
• 4:27
  according to Goldman Sachs analyst.
• 4:29
  OK, there was something interesting later on in this
• 4:32
  article. Basically they're saying that's
• 4:34
  because the Fed's going to lower rates, which I don't necessarily
• 4:38
  agree with. I think gold is going higher and
• 4:42
  rates are not going to have to come down.
• 4:44
  What's going higher are inflation is going higher and
• 4:48
  the price of gold and the price of our best friend silver.
• 4:53
  All right, Goldman analysts upgraded their average gold
• 4:57
  price forecast for 2024 from 2090 to 2180 per oz, targeting a
• 5:04
  move to 2300 by the end of the year.
• 5:10
  Hold on. They're talking about the
• 5:11
  possibility of another geopolitical surprise, a
• 5:16
  substantive retracement. Lower will likely be limited by
• 5:20
  resilience in physical buying channels.
• 5:23
  OK, citing Chinese imports, right?
• 5:26
  The Chinese are buying gold like crazy.
• 5:30
  But there was something else in here.
• 5:31
  Here we go. Bullion's price increases have
• 5:34
  been disconnected from recent outflows seen in gold related
• 5:38
  ETFs. Strategists believe investors
• 5:40
  have been rotating money into Bitcoin ETFs as the token roared
• 5:45
  toward new record highs earlier this month.
• 5:47
  Central banks have been buying up gold at historic levels,
• 5:51
  helping drive up the the demand for the last couple of years.
• 5:54
  OK, they say. None the less, in the midterm we
• 5:58
  continue to hold a constructive view on gold, underpinned by
• 6:02
  eventual Fed easing, which, this is interesting, should crucially
• 6:08
  reactivate the largely dormant ETF buying.
• 6:13
  Yes, we have had ETF buying in the in the in the toilet guys.
• 6:19
  I mean there's no other way to say it, right.
• 6:20
  And it's actually a good thing. There's a silver lining pardon
• 6:24
  the pun to all this that nobody retail investor wise has been
• 6:28
  buying gold. But when that changes, that
• 6:32
  offers so much runway for improvement, so much runway for
• 6:37
  more money coming into the gold sector.
• 6:40
  And you know exactly what that's going to do to the silver price
• 6:45
  as well. What about the big eclipse?
• 6:47
  We've got people. What is it?
• 6:49
  April 8th? There's an eclipse.
• 6:51
  You know, I remember the last eclipse.
• 6:52
  My daughters had just started kindergarten.
• 6:55
  So it would have been like September, October, probably of
• 6:58
  2017, if I have that right. 2017, 2018 vote.
• 7:03
  We went up to their kindergarten and watch.
• 7:04
  It is freaky to be in a in a total eclipse but they're
• 7:10
  warning right Like we're getting these doomsday warnings like the
• 7:14
  cell phones aren't going to work, Stock up on food, stock up
• 7:18
  on medicine and some of the these are just theories that I'm
• 7:21
  hearing being floated around. But people are starting to
• 7:24
  really kind of stir up a lot of fur surrounding this eclipse.
• 7:30
  I don't know what you think. Thank you Ron McAdams for the
• 7:32
  Super chat. Super appreciate.
• 7:34
  And by the way, thank you for being here.
• 7:37
  Please give this a thumbs up. You are the most important part
• 7:40
  of this channel of this live stream.
• 7:42
  So it's a big deal when you decide to give us some of your
• 7:46
  time and join us basement. Well there's 150 of us at
• 7:50
  lunchtime on a what what is today, Wednesday.
• 7:53
  Wednesday. I think it is none the less.
• 7:55
  Guys, what do you think is going to happen with this eclipse?
• 8:00
  Are you freaked out about it? Right.
• 8:01
  Everybody's making a big deal. The eclipse.
• 8:04
  And it could be, you know, I don't know, like a Black Swan.
• 8:08
  It's expected, I guess it's going to be a Black Swan, right?
• 8:11
  Everything does go dark. Oh, I'll never forget sitting up
• 8:15
  in our daughter's elementary school, Susie and I.
• 8:17
  And they came out with their kindergarten class.
• 8:19
  They were only like a week or two.
• 8:21
  It was very. I'll never forget.
• 8:24
  I'm not going to tear up and cry, but I could, I'll tell you,
• 8:27
  because we were sitting there and we sat with the girls and
• 8:29
  then they had to go back to school.
• 8:31
  They had to get in line. And I remember I'm getting in
• 8:34
  this line and I thought, oh, they're like little soldiers or
• 8:38
  something. I don't know if I like this,
• 8:39
  right. And watching them walk back into
• 8:42
  their school and their line and man, time flies.
• 8:48
  Now they're in middle school, right?
• 8:49
  Always savor all these moments we have and we'll savor this
• 8:53
  moment together here as well. None the less, Copper, let's
• 8:57
  talk about copper. Everybody's talking about
• 8:58
  copper. All of a sudden it's maybe not
• 9:00
  officially a precious metal, but there's a big relationship
• 9:04
  between copper and silver. Let's just look at this real
• 9:07
  quickly to bring you so you're on top of things.
• 9:10
  You want to know what's going on, huh?
• 9:12
  Look at this from Reuters. Funds Stampede into copper as
• 9:19
  price breaks higher in London. Fund managers have rushed to buy
• 9:23
  copper after the price broke up out of its one year trading
• 9:27
  range earlier this month. Activity has surged on all three
• 9:31
  global exchange exchanges as money managers lifting bullish
• 9:35
  bets on both the London Metals Exchange and the CME, also known
• 9:40
  as the Comex. If I have that correct copper
• 9:43
  contracts market open. Interest on the Shanghai Futures
• 9:46
  Exchange has jumped to life of contract highs.
• 9:50
  So copper is taking off. Again, this is all part of the
• 9:55
  big commodity supercycle that we're hearing.
• 9:59
  So, uh, oh, are you there? There we go.
• 10:03
  So many people talk about. And part of that commodity
• 10:06
  supercycle is silver, gold and platinum.
• 10:10
  OK, so things are moving. Copper's moving now.
• 10:13
  I got to admit, the 1 copper stock that I own, Brixton
• 10:16
  Metals, it's down like 12% today.
• 10:19
  I was like, woohoo, Copper's finally getting a roll.
• 10:21
  Brixton's going to get going. No.
• 10:25
  You ever had that happen in life?
• 10:27
  You ever had that happen When you own something, whether it's
• 10:30
  silver or gold or maybe a stock that you buy and it's like when
• 10:35
  you buy it, it's almost automatic.
• 10:38
  That within the next week you could have bought it for a lot
• 10:40
  cheaper. And it's.
• 10:42
  I'm telling you, I'm telling you, I'm just being honest.
• 10:44
  I'm not perfect. I've gotten better at this, but
• 10:47
  I always sold stocks too soon when they took off and we really
• 10:50
  got to be careful. And we're talking about silver
• 10:53
  and gold physical. It relates to that as well.
• 10:56
  It's so easy to sell too soon when things start taking off,
• 11:00
  right? How many of.
• 11:02
  I mean, you know you're not alone.
• 11:03
  I'll tell you, you're not alone if you're out there thinking,
• 11:06
  yeah, I sold the stock XYZ stock, and then like 3 weeks
• 11:12
  later it doubled in price. It happens to all of us.
• 11:14
  Nobody's perfect. Nobody can perfectly time the
• 11:17
  market. But it's interesting that we
• 11:21
  want to keep our eyes on what's going on with copper because
• 11:24
  copper does have a relationship, right, to oil.
• 11:28
  Copper does have a relationship to the silver market and the
• 11:32
  gold market as well, and things are starting to heat up in the
• 11:36
  copper market. What else do we have here?
• 11:39
  Oh, hey, let's talk about it, baby.
• 11:42
  Right. Why?
• 11:43
  What are what's one of the big reasons why we hold silver and
• 11:46
  gold, right? Because they are the last
• 11:48
  bastion of privacy, privacy, financial privacy.
• 11:52
  As we move into a CBDC world, we need to talk.
• 11:57
  See, we haven't talked about CBDC's in probably a month, but
• 12:00
  there's a big story out of Reuters about what's going on
• 12:02
  with the Swift banking system that needs our attention.
• 12:07
  But first, if you want to get your hands on some silver, gold,
• 12:10
  or platinum, do yourself a favor.
• 12:12
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• 12:18
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• 12:23
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  with great prices. Hey, I'm all up for getting more
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• 12:56
  Ron's Basement. Let's talk about what's going on
• 12:58
  here. Let's go to another article.
• 13:01
  I believe this one is from Reuters.
• 13:04
  Yes, another Reuters. Thank you, Reuters for all your
• 13:07
  contributions today. The SWIFT planning launch of new
• 13:12
  central bank digital currency platform in one to two years, 12
• 13:18
  to 24 months. I misspoke there.
• 13:20
  OK, why is this a big deal? We're going to get into that
• 13:24
  global banking messaging network.
• 13:26
  SWIFT is planning a new platform in the next one to two years to
• 13:30
  connect the wave of central bank digital currencies now in
• 13:34
  development to the existing financial system, it has told
• 13:38
  Reuters. Go back and read that that
• 13:40
  paragraph again guys. That tells us everything.
• 13:43
  The move, which would be one of the most significant yet for the
• 13:47
  nascent CBDC ecosystem given Swift's key role in global
• 13:52
  banking, is likely to be fine-tuned when the first major
• 13:56
  CBD CS are launched. What is going on?
• 13:59
  Reuters is telling us that SWIFT, which is the West, the
• 14:03
  United States Basic International Banking System,
• 14:08
  the system they use to conduct most all Internet.
• 14:11
  Like Russia got kicked out of SWIFT, right?
• 14:15
  Countries get kicked out of SWIFT.
• 14:18
  Reuters is telling us that it's basically preparing the system
• 14:23
  to work in a new CBDC platform environment.
• 14:27
  Let me remind you of a couple things.
• 14:29
  OK? Silver and gold are the last
• 14:31
  bastions of financial privacy. That's it.
• 14:35
  Because when we go to CBD, CS, everything that you do outside
• 14:40
  of of silver and gold is going to be tracked.
• 14:43
  Everything will have a record, everything will be tracked.
• 14:46
  There are, there are some cautionary tales, I guess you'll
• 14:51
  say. There are some people that are
• 14:53
  warning there's a range, right? I don't know where you fit in on
• 14:56
  this, but there's a lot of people who are very scared of
• 15:00
  what the new CBDC environment's going to look like.
• 15:03
  Look, I'm not trying to scare you, I'm not trying to create a
• 15:08
  a fur, a fear environment or anything like that.
• 15:13
  But, but we know that the central banks, right, have a
• 15:17
  history of, let's say, not looking out for always the best
• 15:23
  interest of the common citizen. I mean, can we say that?
• 15:26
  I think we can say that, right? I think, I think unfortunately
• 15:29
  that has been the case. Statistically speaking, they'll
• 15:32
  say that they're looking out for the common man, but the reality
• 15:36
  is they destroy the lower, lower, middle and even middle
• 15:40
  class with inflation and money printing while the ultra wealthy
• 15:45
  have done ultra great. Right?
• 15:48
  If you're if you're one of the, if you're the richest guy, what
• 15:51
  the one guy out of 1000? You own 50% of the world's
• 15:55
  assets now of the United States assets.
• 15:57
  But the average man has been suffering.
• 16:00
  So why would the CBDC situation make things any different?
• 16:04
  Some of the things that people are afraid of tracking all of
• 16:07
  your financial transactions, the potential, OK, the potential
• 16:12
  because we hear stories that this is the case in China where
• 16:16
  they've rolled out of CBDC. But the potential that this new
• 16:21
  CBDC monetary system could actually control how, when and
• 16:26
  on what you spend your money. I've even heard some people put
• 16:30
  forth the the idea that that like you could get money
• 16:34
  deposited into your account, but it would have like a time limit
• 16:38
  on it. Like you have to spend this by,
• 16:40
  you know, like if you buy a gift card that expires after six
• 16:43
  months. So it the, the, the, the the
• 16:46
  prospects of what we could be seeing with this are quite,
• 16:49
  quite scary. You know, they could control you
• 16:51
  hear these stories, right. I'm not saying that I I believe
• 16:56
  this absolutely is going to happen.
• 16:58
  But you hear stories that like they can control.
• 17:02
  Like if you bought a steak on Monday and enjoyed it and
• 17:05
  decided on Thursday that you want to eat another steak, that
• 17:08
  you would go to the grocery store and try to buy that second
• 17:10
  steak and they'd say, sorry, you know, you're not allowed to buy
• 17:13
  2 steaks during a week because beef production is bad for the
• 17:16
  environment. There's all types of, you know,
• 17:19
  controlling when you travel where you can travel to.
• 17:24
  Again, these are. I'm not presenting to you that
• 17:28
  this is absolutely what the system would look like.
• 17:32
  That's kind of the, oh, worst case ideas that have been that
• 17:38
  are being thrown around out there.
• 17:40
  But we do know. Thank you, Cliff.
• 17:42
  Tom, thank you my friend for the Super chat.
• 17:46
  We do know I think that at minimum it would give the
• 17:49
  government more control over the monetary system.
• 17:53
  And guys, you're a silver investor, what does that mean
• 17:55
  for you? You're a gold, physical gold
• 17:57
  investor. What does that mean for you?
• 17:59
  That means that whatever silver you might be holding, you
• 18:02
  probably have a piece that you could reach out and touch right
• 18:04
  now, right that is outside of the grasp of this CBDC
• 18:09
  environment. Now we're even seeing with some
• 18:12
  of the legal tender legislation that's being passed and being
• 18:17
  worked through the legislative system in a number of states
• 18:20
  around the United States. Some of them are putting in anti
• 18:24
  CBDC type legislation. So it's going to be, man, the
• 18:28
  next 10 years. I mean, do you feel it?
• 18:30
  It's going to be like, absolutely crazy.
• 18:33
  Thank you. Eat healthy and try the
• 18:34
  elimination diet. It tells tales.
• 18:37
  OK, everybody keeps Thank you Chris, for the Super chat and
• 18:41
  thank you for your e-mail earlier.
• 18:43
  And yes, everybody talks about the elimination diet.
• 18:46
  When I get time, I'm going to read about it, 'cause you know
• 18:48
  what? But really, what's more
• 18:50
  important than anything to you or to me or any of us, you know,
• 18:54
  our health, right? Our families and our health.
• 18:56
  So thank you so much. Interesting point.
• 18:59
  You may not have heard of this. The tech insiders are selling
• 19:03
  their stock at a faster rate right now than anytime, excuse
• 19:07
  me, in the last three years. Yeah, the big boys at the tech
• 19:13
  companies are abandoning ship. And let's just talk about
• 19:16
  Silver. I heard this presented yesterday
• 19:20
  and I thought I got to share this with the people.
• 19:22
  I got to share this as well. Here's our newest member of the
• 19:26
  basement community. I think we need to come up with
• 19:28
  a name for this guy. Isn't he cool?
• 19:33
  Look, he's like AI don't know Crystal or something.
• 19:36
  I think this guy, I think he used to work at the COMEX.
• 19:38
  Possibly. I'm not sure.
• 19:40
  Anyway, my dad gave me that. I was over this morning for the
• 19:44
  last four hours doing my parents taxes.
• 19:47
  I do have a degree in accounting.
• 19:49
  That's why when I'm talking to you about these financial
• 19:51
  statements, I'm not bragging, but I know what I'm talking
• 19:54
  about. Like a musician can read music,
• 19:56
  I can read financial statements, and I can tell you about things
• 20:00
  like valuations. But nonetheless, I'm driving
• 20:03
  home from my mom and dad's. They live about 20 miles away.
• 20:05
  Wonderful people. They're in their 80s.
• 20:07
  Wonderful, wonderful people. And I'd let me ask you a
• 20:10
  question. I don't know.
• 20:11
  Am I the only guy that thinks like this, 'cause they live in
• 20:14
  kind of the newer part of Saint Louis, where there's a lot of
• 20:16
  new home construction still going on.
• 20:18
  And I'm driving down the highway and I drive by this new
• 20:20
  neighborhood. This was a floodplain, OK?
• 20:23
  And they filled it in with concrete and filled dirt over
• 20:27
  the last, I don't know how many years, probably five years, I'd
• 20:30
  go see it happening. And then it's like a big flat
• 20:33
  area. And now they're building these
• 20:34
  houses and I'm driving by and I'm like, it looks like a bunch
• 20:37
  of plastic boxes. I'm sorry.
• 20:39
  And they're all right next to each other.
• 20:41
  And they're nice houses. And I know, 'cause I went online
• 20:44
  and looked, these things start at 600,000 dollars, $600,000.
• 20:49
  I almost said per year, no, $600,000.
• 20:52
  And I'm driving and I'm thinking, how can that be?
• 20:56
  How can a plastic box on top of a bunch of scrap concrete and
• 21:00
  dirt fill dirt? How can that be worth 6?
• 21:03
  And then I thought about this. Think about this 600 grand.
• 21:06
  I thought that's like one man or woman, one construction worker,
• 21:11
  right? That makes 50 KA year spending
• 21:15
  12 years. And that's not if we don't even
• 21:17
  tax them, that's 12 years of their work to build one of these
• 21:21
  plastic boxes. I'm like, I don't see it.
• 21:24
  I don't see the value there. It's out of whack.
• 21:26
  Who can afford this anyway, right?
• 21:28
  Who can afford starting that? Most of the houses probably cost
• 21:31
  800,000. I know a lot of you probably
• 21:34
  live in areas where a million's nothing for a house.
• 21:37
  This is Saint Louis, the armpit of the country.
• 21:39
  We love it. We love how it smells here in
• 21:42
  Saint Louis. I love Saint Louis.
• 21:44
  OK, I'm not. I joke around, but I do.
• 21:45
  I love my city. But houses are cheap.
• 21:48
  Houses is cheap. Houses are cheap.
• 21:51
  I do have a degree in college from a university.
• 21:54
  Houses are cheap. How can it?
• 21:57
  I mean, 12 years of one man's work equivalent for this plastic
• 22:01
  box. You know, a bunch of pine sticks
• 22:03
  with some plastic strapped on it.
• 22:05
  That doesn't make any sense. I digress.
• 22:07
  Today. OK, silver, that's what you're
• 22:08
  here for. Basement dwellers.
• 22:10
  And thank you guys for the thumbs up.
• 22:11
  We got 300 people, 300 basement dwellers.
• 22:15
  Let's get the let's get get it at 300.
• 22:17
  Susie's going to yell at me when we get to 100 thumbs up and I'm
• 22:20
  going to ring that bell for you. The thumbs up helps get the word
• 22:23
  out to more people. Thank you for the Super chats.
• 22:27
  Thank you for all the packages you guys have been sending me.
• 22:30
  I got a pocket pinger in the mail today.
• 22:32
  When I go to work tonight, I'm on my break at work.
• 22:36
  I'm going to read about the pocket pinger.
• 22:38
  Very interesting. Silver.
• 22:41
  Oh, let's look at a piece of silver.
• 22:43
  What do you say, huh? Let's look at let's look at this
• 22:47
  from Silvershire. Something about the coloring on
• 22:50
  this. I love this.
• 22:53
  For those of you who aren't aware, that's what.
• 22:55
  Look at that. That's what you want to own?
• 22:59
  OK, Bell time. All right, Susie's yelling at
• 23:03
  me. Do I have the walkie?
• 23:05
  Susie, are you there on the walkie?
• 23:08
  OK? Nope.
• 23:09
  She's yelling at me from upstairs.
• 23:12
  This is the bell. This is for you. 100 thumbs up.
• 23:15
  Ten Rings of the Bell 12345678910 Sorry, I forgot to
• 23:22
  warn you. If you don't like the bell, the
• 23:24
  mute, mute your microphone, Mute your microphone.
• 23:29
  And don't forget guys, look if it really is the end of the
• 23:31
  world when the eclipse happens, it's been great knowing you, OK?
• 23:36
  It really has made a lot of great friends.
• 23:38
  You are important. You love your silver.
• 23:40
  Let's talk about silver though. I have some data for you. 16 to
• 23:46
  1 is what silver exists in the ground in relation to gold.
• 23:52
  For if you take the whole crust of the earth, there's 16 ounces
• 23:56
  of silver for each one ounce of gold.
• 23:58
  Now nobody could tell us more about that than our friends at
• 24:02
  First Mining Gold Channel sponsor.
• 24:04
  They have two multi million ounce projects in Canada.
• 24:07
  You can learn more about them at firstmininggold.com and Fortuna
• 24:11
  Silver. They can tell you about both
• 24:13
  because they mine right now. 5 operating mines mining both gold
• 24:19
  and silver. You can learn more about Fortuna
• 24:22
  at fortunasilver.com. So there's on the whole earth.
• 24:27
  Isn't that crazy? I often tell people where I
• 24:29
  work, they look at me a little cross eyed and say you know, and
• 24:32
  I work there complaining. I'm like, you know, at the end
• 24:34
  of the day we're on a rock that's flying around a burning
• 24:38
  ball of gas, right? Earth is a rock and it's flying
• 24:41
  around a burning ball of gas. That would be the sun.
• 24:43
  But if you take that rock that you and I, we share this rock
• 24:47
  together, and you take all the silver and all the gold and suck
• 24:51
  it out of the ground, there should be about 16 times more
• 24:54
  silver than gold. Did you know that?
• 24:57
  You probably did. But I got more.
• 24:59
  Don't you worry. OK?
• 25:01
  What's interesting, very interesting is that right now,
• 25:06
  right now, right now, baby, right as you and I are on this
• 25:09
  live stream, silver and gold are being mined out of this rock
• 25:13
  that we live on. But for every one ounce of gold
• 25:17
  that comes out of the ground by mining companies, only 7 ounces
• 25:22
  of silver come up. A lot of people say that's
• 25:25
  because you know silver, the easy silver is up close to the
• 25:29
  surface. Most all the easy silvers.
• 25:32
  Bye, bye. Gone.
• 25:33
  Gone right. It's all gone.
• 25:36
  So they're only getting 7 ounces of silver.
• 25:38
  What's even crazier? And I won't beat this, but it's
• 25:41
  something that has all of us basement dwell.
• 25:43
  There's no and love to remember is that I'm hearing different
• 25:48
  numbers. I hear 50%.
• 25:50
  What do you think? Is it 50 percent, 60%?
• 25:53
  Last night, I heard somebody say 70% of the silver that comes out
• 25:58
  of the ground now is, is is consumed by industry and silver
• 26:03
  still a precious metal. It's precious, right?
• 26:06
  It does. It makes no sense.
• 26:08
  OK, Christopher, I'm going to get back to silver.
• 26:13
  I saw a comment that said outhouse.
• 26:16
  OK, Well, I missed it already. Christopher Dubois.
• 26:19
  All right. Hey, thank you, guys.
• 26:21
  All right, hold on back to this. OK.
• 26:25
  On top of all that, on top of all this, don't forget most of
• 26:30
  the silver comes from Mexico. And guess what?
• 26:33
  Guess what, Mexico is outlying open pit mining.
• 26:39
  Where's the silver going to come from right now?
• 26:42
  It's coming out seven to one. Pretty soon it's going to be
• 26:44
  coming out at six to one or five to one relative to gold.
• 26:47
  OK. And we are over history, OK,
• 26:52
  think about this, over history. The gold to silver ratio, silver
• 26:57
  to gold ratio, however you want to say it, right.
• 26:59
  The price, which right now is near 90.
• 27:02
  Right now I'm I'm, I'm hearing authorities say that basically
• 27:05
  historically it's been closer to 15 to 1:00 and we have a
• 27:09
  shortage. Right now we have a shortage of
• 27:14
  silver really. OK And the price, well, it was
• 27:19
  up. Let's check here.
• 27:20
  You know what? Why don't we go on out, Bear
• 27:22
  with me. It's time for us to do a price
• 27:26
  check at Pinbex channel sponsor. OK.
• 27:32
  Hey, gold, guys, I'm going to refresh that.
• 27:37
  Gold is up almost $13. And silver.
• 27:40
  All right, we'll take it. Yes, we'll take it.
• 27:44
  Don't you just love silver? Look at that.
• 27:46
  You can get American Silver Eagles as low as 2935.
• 27:50
  That's probably if you buy like 500 of them.
• 27:53
  Let's just look curious what the price is to buy.
• 27:57
  Let's say always buy this way guys never buy silver.
• 28:03
  You do whatever you want. Just my opinion.
• 28:05
  But credit card you're always going to pay more and it's it's
• 28:10
  just trust me that's all I can say.
• 28:12
  Well that's if if you want my opinion, don't ever buy silver
• 28:16
  on a credit card. OK.
• 28:19
  But yeah you can buy 20. You can still buy A roll of
• 28:23
  2024. These are, yes, American Silver
• 28:27
  Eagles for less than 30 bucks. Need I remind you that?
• 28:32
  Let's see. I just want to go.
• 28:33
  Look, I love 10 oz bars. Sorry.
• 28:36
  You guys want to go shopping with me?
• 28:38
  Let's go shopping. Let's see what they got here.
• 28:40
  Those were my all time favorites.
• 28:42
  Royal Canadian Mint bars in Stanbul.
• 28:45
  Those are cool. The pant bars are cool.
• 28:48
  So it looks like, wow, you can get a pant bar for $26 an ounce.
• 28:53
  Man, the premiums are so low right now.
• 28:56
  Hey, I have one of these 10 oz Britannia.
• 28:59
  Those are very nice bars. And I gave one of these away.
• 29:02
  Pembek sent me one of these Geiger bars, by far the
• 29:07
  prettiest 10 oz bar I've ever held.
• 29:10
  Very, very, very beautiful. So where was I?
• 29:16
  Oh, OK, so right now this is this is breaking news.
• 29:23
  OK? Right now, right now the gold to
• 29:26
  silver, silver to gold, everyone say it ratio is almost 90 to one
• 29:30
  in 2011, OK. The silver to gold, gold to
• 29:35
  silver ratio went all the way down to 30 to one.
• 29:40
  That would be like the silver price right now being $75 per
• 29:45
  oz. It will happen again.
• 29:48
  Let me ask you guys, let me ask you a question.
• 29:50
  I'm going to. I'm going to say it's going to
• 29:51
  happen in the next five years. OK.
• 29:55
  So I think that in the next five years, the lowest we'll get the
• 30:00
  silver to gold ratio will be 30. Why don't you put it in the
• 30:03
  chat. Tell us what you think.
• 30:05
  Scottsdales are very nice. Yes, absolutely.
• 30:08
  Garbage man 30. Oh, that's me both.
• 30:13
  I'm reading my own comments. Welcome to the fun House, Right,
• 30:16
  guys? Oh, boy.
• 30:23
  OK, blah blah. Michael says, Oh yeah, there was
• 30:30
  some. I I just want to state for the
• 30:32
  record that in regards to this, well, I'm, I'm just going to
• 30:36
  leave that all alone. I'm going to leave that all
• 30:38
  alone. OK, Shares are coming in the
• 30:41
  comment. OK.
• 30:44
  Anybody else have any? I'm curious, anybody else have
• 30:46
  any thoughts on a 40 to 1? Daniel Cassidy says 100 to 1.
• 30:52
  Craig says 41. Metal sear.
• 30:54
  Australia this past. Yeah, I've heard there's
• 30:57
  something going in on in Australia.
• 30:59
  Guys right now I know somewhere in this pile, right somewhere in
• 31:05
  this pile of papers. These are the papers.
• 31:07
  This is what I believe it or not.
• 31:08
  Prepare for these live streams over probably about three months
• 31:12
  worth. Was it Macquarie Bank?
• 31:15
  I don't know. Like the second biggest bank in
• 31:17
  Australia was basically outline cash.
• 31:21
  Like the only way you could get cash from this bank is to
• 31:25
  withdraw and they limited how much you could out of an ATM.
• 31:29
  They weren't going to let, if I remember this correctly, they
• 31:31
  weren't going to let people deposit cash at the branches,
• 31:35
  they weren't going to let people withdraw cash at the at the at
• 31:38
  the branches and you weren't going to be able to deposit.
• 31:42
  I was weird and it was like the biggest bank or the second
• 31:45
  biggest bank in Australia. So there's a lot it's that's
• 31:48
  kind of faded away. If you notice that this whole
• 31:51
  CBDC thing, I mean it seemed like 6 months a year ago, it was
• 31:56
  a lot more interest surrounding it.
• 31:59
  That is, you know that is the Fiat of Fiat I talked about the
• 32:04
  the big tech stocks being the, you know the Unicorn fart dust
• 32:08
  on top of the Unicorn fight. I mean these these big tech
• 32:11
  stocks, their valuations are crazy.
• 32:14
  But on top of that we're valuing it in dollars, which is make
• 32:18
  believe funny money, right. And I think the CBDC is the same
• 32:22
  thing can be said completely digital.
• 32:25
  I mean well, hey, yeah, let's make some more.
• 32:27
  Sure type the keys right. Let's make more, let's make
• 32:30
  more. It's going to be interesting.
• 32:32
  It's going to be interesting how the crypto world fits in with or
• 32:36
  is possibly at odds with the the CBDC world as things come
• 32:41
  through. So you know we'll see how it
• 32:44
  plays out. It's going to be very, very
• 32:46
  interesting. Yes, I do believe that in the
• 32:49
  next five years we could see the gold to silver ratio hit 30 and
• 32:55
  I'll call it the gold to silver ratio.
• 32:57
  I was wrong. I kept calling it the silver to
• 32:59
  gold because it said you need 90 ounces of silver to get one
• 33:01
  ounce of gold. But they call it the gold to
• 33:04
  silver ratio because you take the gold price and that's the
• 33:08
  numerator and you divide it by the denominator, which is the
• 33:12
  silver price. And that's how you get the
• 33:14
  ratio, which right now you divide what, 2180 for gold
• 33:19
  divided by $25 for silver and you're going to get something in
• 33:22
  the high 80s. I think that'll get to 30.
• 33:25
  And if we were at 30 right now, we would have $70.00 silver and
• 33:30
  that's where silver does it feel like to you that's where silver
• 33:33
  should be right now look at all those numbers we just went over,
• 33:37
  right. It's 16 to one in the earth's
• 33:40
  crust. It's harder to find because
• 33:43
  they're only get it out of the ground.
• 33:45
  It's 7:00 to 1:00 and then that 7 to one, they get out.
• 33:48
  Sixty 5070, whatever it is, percent of it gets consumed by
• 33:53
  industry and that's growing. And you're going to tell me it
• 33:57
  really is the most undervalued asset on the face of the earth.
• 34:01
  Maybe they're telling us the truth, right?
• 34:03
  You know, look, I could be wrong, right?
• 34:05
  Maybe we're going to see 14. Could you imagine $14.00 silver?
• 34:10
  Can you imagine any real asset in this Fiat cluster bomb in
• 34:15
  which we're living right now? Any way, shape or form that are
• 34:19
  you? You're going to value your
• 34:20
  silver against paper dollars. You're going to value your
• 34:24
  silver against electronic CBDC money.
• 34:28
  It doesn't. There's no comparison, right?
• 34:30
  Take a take, take 3 ounces of silver and hold it in your hand.
• 34:34
  And then your other hand put a $100 bill and close your eyes,
• 34:39
  right? And then look at them.
• 34:40
  Look at the beauty, even look at the amount of energy that went
• 34:44
  into getting that silver out of the ground.
• 34:47
  How much energy do you think it takes to make the print $100
• 34:50
  bill? I got news for it.
• 34:52
  It's not a lot, right? There's no comparison.
• 34:55
  OK, No comparison. Hey, guys, thank you for joining
• 34:58
  me today. My plan is to be back on
• 35:00
  tomorrow. Tomorrow I'm interviewing David
• 35:02
  Morgan from the Morgan Report. I'm really looking forward to
• 35:06
  that. David, I got a bunch of big
• 35:08
  interviews coming up. Keith Newmeyer, David Morgan.
• 35:13
  David is a David Anderson, a man.
• 35:16
  No, I'm screwing up his name. But the guy who puts out a video
• 35:20
  every week from SD bullion. I've got all, I've got a whole
• 35:26
  slew of really great people that are going to be coming on the
• 35:30
  channel that we're going to be doing interviews with.
• 35:32
  So look forward that George Jordan, Roy Burnroy from the
• 35:38
  Daily Gold Report. I mean just some really fun
• 35:41
  people coming up should have some great information, some
• 35:44
  great perspective. I mean, David Morgan, David
• 35:47
  Morgan, by the way. Lynette Zang thinks Bitcoin to
• 35:50
  condition us. Very interesting metal sear.
• 35:54
  I'll tell you what I think in a second.
• 35:57
  But David Morgan, that was the guy who called the high in the
• 36:01
  silver market back in 2011. And I've heard him say like he's
• 36:04
  taking some grief for that. So he's a silver bull, but but
• 36:09
  not afraid to say like when he thinks the markets got too
• 36:13
  frothy, too hot, but you know, super respected guy.
• 36:17
  So we're looking forward to that.
• 36:19
  Yeah, I know that metal sear, there's this idea that the
• 36:22
  crypto world was, was kind of and even in this article we read
• 36:27
  today right, that the Bitcoin ETFs are taking money out of the
• 36:32
  gold ETFs. You know, it's interesting.
• 36:36
  I, I don't know that I'll say and I'm not anti Bitcoin, I'm
• 36:40
  not anti crypto. I don't own any.
• 36:43
  So you know, I'll say that I don't own any Bitcoin, any
• 36:46
  crypto related investments, but I do.
• 36:51
  I will say this about Bitcoin. You know, my only, my only one
• 36:55
  of my. What I don't get about Bitcoin
• 36:58
  is we don't really know where it came from and or at least as far
• 37:02
  as I know, there's these theories about who made it, who
• 37:05
  invented it. And the other thing is that you
• 37:09
  know we share so much with the crypto in community in terms of
• 37:16
  our views of the monetary system, our our views, our views
• 37:21
  of the fiscal situation in the in the world right now.
• 37:25
  I think that that there we have a lot of common ground, but at
• 37:31
  the same time obviously there's can be some contention as well.
• 37:35
  So I just kind of let them be and I don't want to, you know, I
• 37:40
  don't want to bash anybody who knows, right.
• 37:43
  But, but one thing I'll say about Bitcoin is now that you
• 37:47
  know where the ETFs, the ETS kind of financialized Bitcoin,
• 37:52
  the big one of their big claims to fame was we exist completely
• 37:56
  outside of the traditional financial world, traditional
• 37:59
  financial system. And then, Oh yeah, but
• 38:02
  Blackrock's going to make a Bitcoin ETF.
• 38:05
  Fidelity. Whoever else made Black are
• 38:07
  going to make Bitcoin ETS. Didn't you just financialize
• 38:10
  yourself? So not too much different than
• 38:13
  when they launched the, you know, the futures contracts in
• 38:17
  the mid 70s for silver and gold and the Gold and silver ETS,
• 38:21
  which I think that was in the early 90s.
• 38:23
  So anyway, we'll see how all that plays out.
• 38:26
  Thank you guys for being here. OK.
• 38:28
  I'll look forward to seeing you tomorrow.
• 38:29
  Have a great day and thank you. Thank you.
• 38:32
  Thank you. Thank you to the moderators as
• 38:34
  well.