Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **ALERT!** 🦍🦍- SILVER & Gold Just had a MAJOR Change... (Iran, BANKS, China & More News too!)
Transcript
- 0:01Hey guys, welcome to the live stream.
- 0:03Welcome to the basement. We have a lot of interesting
- 0:05silver stories and gold. Stories to talk about today
- 0:10Hollywood supporting Silver. Wait till you hear.
- 0:13This who and why are manipulating the?
- 0:18Price of silver got a great. Little one minute video.
- 0:21We're going to watch. That explains a lot about what's
- 0:23going on right now with the manipulation of silver.
- 0:27What about the ultra wealthy? What are they?
- 0:30Doing that, we need to pay attention to do.
- 0:33That has everything to do with the price of silver.
- 0:36And gold. And our very own.
- 0:37Treasury Secretary Scott. Percent said something shocking.
- 0:42That relates directly to. Gold and silver.
- 0:45All the while. We've got.
- 0:46An energy crisis? Going on right now in our world
- 0:50we are living through. A period.
- 0:52Of time like no other. And that makes the energy
- 0:55metals, silver, but even uranium more important.
- 0:59We're going to touch on uranium. As well, but. 1st, thank you for
- 1:03joining me down here in the basement.
- 1:04It's a big deal when you're down here.
- 1:06We are. Basement dwellers, you're
- 1:09important. Your time's important.
- 1:10Thank you. Please subscribe to the channel.
- 1:12Give the video a thumbs up. Leave a comment in the comment.
- 1:15Section You got a big brain up there.
- 1:18We want to hear your thoughts. Super chat super.
- 1:20Thanks are never ever. Expected, but always
- 1:24appreciated. Let's start with the.
- 1:26King himself, Mr. Andy Scheckman from Miles Franklin, who was on
- 1:31with. Jesse Day he has.
- 1:33Some bombs. To drop about what's.
- 1:35Happening in the precious metals market right now, we love Andy
- 1:39Scheckman. What a better way to start out a
- 1:42live? Stream than with hearing some
- 1:44wisdom from Andy himself. Let me get.
- 1:47This on full screen for you and. Here we go.
- 1:53Let's. Listen to what Andy has to say.
- 1:55Silver at these prices, not the end of the move at all to me.
- 1:58In fact, it's it's proof that the markets waking up.
- 2:01You have Michael Widmer, Bank of America's head of metal research
- 2:05says silver could reach anywhere between 135 and three O 9 by the
- 2:09end of 2026. So when we talk about how high
- 2:14it go, you got the head of Bank of America, their metals
- 2:17analysts saying this. You have Michael Hartnett, their
- 2:20chief analyst, who came out not too long ago and said that you
- 2:24should sell half of your bonds and put 25% of your assets into
- 2:28precious metals. You have the the chief
- 2:30investment officer for Morgan Stanley who said the 6040
- 2:33platform that Wall Street has used is dead.
- 2:35Same thing, Hartnett said. He said it used to be 60 stock,
- 2:3840 bonds. Sell half your bonds, he said as
- 2:41well, and put 20% into metal. So I don't know when, when, when
- 2:47silver wakes up. I can't see it stopping at what
- 2:49people think is reasonable. And there are people who think
- 2:53silver has gone too far too fast.
- 2:55I think it's finally gone far enough for people to notice and
- 2:58not nearly enough to reflect reality.
- 3:02I absolutely love it. Did you hear what he said?
- 3:05People who are telling. US Silver.
- 3:06'S gone too. Far too fast.
- 3:08No, it's just. Gone far enough?
- 3:11For people to wake up to reality, we talk about that all
- 3:15the. Time and how important that is.
- 3:17We've not had a silver squeeze yet.
- 3:20The. Squeeze will happen as more and
- 3:22more. People wake up.
- 3:24We. Set a new base.
- 3:25Around 100 and. Twenty 130, maybe 150.
- 3:28Dollar per oz silver and from there?
- 3:30We can have the. Squeeze the other thing.
- 3:33He reminded. Us of is that.
- 3:35Bank of America, one of the biggest banks in the world, one
- 3:39of their. Analysts talked about the
- 3:41potential for three. 109 dollars silver Wow that's even high for
- 3:48an. Estimate for US basement.
- 3:49Dwellers down here in the. Basement, but the other
- 3:51critical. Thing to point out.
- 3:53Is that all the big? Financial institutions, the
- 3:56traditional big. Big banks, big financial.
- 4:00Planners are now talking about at reallocating some of your
- 4:05money into precious metals. People are saying the. 6040 rule
- 4:10right that those financial advisors gave over the.
- 4:14Last number of decades is becoming obsolete.
- 4:18OK. And if those financial advisors
- 4:2010/20. 30-40 years ago. Had recommended that their
- 4:24customers put money into silver and gold their.
- 4:27Customers would have likely beat the returns that were generated
- 4:31by the. Stock market, That's a fact.
- 4:33The people in the Tranfi world. Don't like to hear?
- 4:36That, but we know. That it's absolutely true.
- 4:39OK, next. Big analyst, early days we are
- 4:42in the. Early days of the Rally for
- 4:45Silver. And Jesse Colombo.
- 4:46And Gold. And Jesse Colombo.
- 4:48Corroborates us. Jesse Colombo is the.
- 4:51Top analyst right now in the gold and silver sector.
- 4:54Is the bubble bubble report, which is.
- 4:57Massively successful and popular.
- 4:59He talks about. What we can expect for Gold, and
- 5:03then we're going to move on and see what he's.
- 5:05Talking about for silver, let's go out and see what Jesse.
- 5:08'S telling us. Here's to the good news.
- 5:10Here's. To the good times.
- 5:12We're going to start with silver.
- 5:14Then go to gold, then come back to.
- 5:16Silver, I apologize, OK. On your screen now, according to
- 5:20Jesse Colombo. Despite Silver's powerful.
- 5:24Gains over the past? Couple of years it is still.
- 5:27Only about 20%. Of the way.
- 5:32Through its bull market based on historical cycles.
- 5:36This is. Fascinating, and I believe this
- 5:38one will. Be the biggest yet and what he's
- 5:42talking about is this right here.
- 5:44This is a chart that that shows the silver to Dow ratio going
- 5:49way, way, way back, OK. And as you can see, right
- 5:54starting in oh, back here, the early 1900s stocks outperformed
- 5:58silver from 1930. Let me get my markers out
- 6:02through the 1970s. Right the the silver to Dow
- 6:06ratio, right? How much?
- 6:08Silver does it take? To buy 11 unit of the Dow then.
- 6:12Right, we had this. Wonderful period from 1970 to
- 6:161980, right? Here.
- 6:18Where silver outperformed the. Dow It took less.
- 6:21Ounces of silver to buy one. Part of the Dow.
- 6:24Then, of course, it went down. Stocks.
- 6:29Outperformed from the early 19. 80s through the 2.
- 6:32Thousands. Boom then.
- 6:34We had this period here. From 2001 through 2011, when
- 6:39silver outperformed the Dow, that was that massive bull run
- 6:43that some of us remember in a period of time where silver went
- 6:48from under $5 per oz to. Over $50.
- 6:51Per Oz. But then.
- 6:52OK, we've had this horrible period.
- 6:55From about 2011 through the 2000 twenties where stocks outperform
- 6:59the Dow. But things are changing guys,
- 7:03and that shift has changed again.
- 7:05See how this is gone? Down, up, down, up, down and now
- 7:10it is starting back up again. But what is?
- 7:13Crazy and where he gets. This number that we're only
- 7:16possibly 20%. Of the way through.
- 7:18Is that over here? And it's.
- 7:20Probably too small for you to see.
- 7:23But right now? We are at .002.
- 7:28In the. Silver to Dow ratio.
- 7:31That means that one ounce of silver.
- 7:34Will buy you about. One 500th of.
- 7:38The Dow which is. If you can roughly figure an
- 7:41ounce of silver. So let's.
- 7:42Just say 100 and let's say the. Dow at 50. 1000 so that's where
- 7:47that ratio comes from, 1500 now. At other periods.
- 7:52In the. Past appear that ratio has
- 7:55gotten as high as. Point O1.
- 7:58Currently we're at point. 002 it's gotten as high as.
- 8:02Point O1 all. The way up here, that is 5X
- 8:08higher, which is why he's. Talking about the fact that
- 8:11we're only 20% through. This rally for silver.
- 8:16When compared to the. Dow Everywhere we look, silver
- 8:20people say, oh, it's. Over.
- 8:21It's over. No.
- 8:22Guys, we got a long way to go. This is.
- 8:24Looking at a. 100 years of history.
- 8:27And telling us otherwise. But let's go look at gold,
- 8:31because gold is the granddaddy of the.
- 8:33Precious metals, and this comes again from the.
- 8:36Bubble bubble report Why precious metals may be ready to
- 8:39surge triangle patterns are. Forming everywhere in precious
- 8:44metals. And they have.
- 8:45Highly bullish. It implications if confirmed.
- 8:49OK, in purple, precious metals have largely treaded.
- 8:53Water since the sharp correction in late January, and many.
- 8:56Speculators and investors, at least those without.
- 9:00True conviction have moved on to the next.
- 9:03Hot asset, he says he thinks. Differently, and has argued the
- 9:07opposite, maintaining that the secular bull market in.
- 9:11Both gold and silver is still in its early.
- 9:15Stages and is much. Further upside, right?
- 9:18This is different from what we just.
- 9:20Looked at which also. Said the same thing.
- 9:22With silver in particular. Interestingly, it's increasingly
- 9:26appears that the consolidation in precious metals since late
- 9:30January has formed. Triangle patterns everywhere.
- 9:34You feel like we're in the. The desert of Egypt with these
- 9:37triangle patterns everywhere we look.
- 9:39That indicate even further gains if.
- 9:41They break higher as the chart below shows Gold.
- 9:44Has been forming a. Triangle pattern since.
- 9:46Late January as it pauses following the powerful move,
- 9:50which is normal. Guys again with silver as well
- 9:54we're. Consolidating that is normal,
- 9:56the only thing needed now. Is a breakout.
- 9:58From this triangle in the odds. This is important, the odds.
- 10:02Favor. A move.
- 10:04Higher because. Momentum remains to the.
- 10:08Upside the 2. 100 day moving average.
- 10:10The overall momentum. All the.
- 10:13Fundamental reasons why gold and and and silver for that matter,
- 10:17have upward momentum and triangles.
- 10:20Are typically. Continuation patterns rather
- 10:24than. Reversal patterns that means.
- 10:26That if the if the asset went into the triangle on up with
- 10:29upward momentum, typically it will continue with an upward
- 10:34momentum in. The same could be true said with
- 10:36downward momentum, but it will continue out of that pattern
- 10:40with the same trajectory that it went into it, assuming Gold's
- 10:44current triangle breaks out. Decisively to the upside.
- 10:48Ideally on strong volume, that's important.
- 10:51I would not. Be surprised to.
- 10:53See it run to 6 or even 7000. Dollars fairly quickly making.
- 10:59This a scenario worth watching very closely.
- 11:02So we've got a couple. Parts we're going to look at
- 11:05here here's the triangle pattern that formed in the fall of 2025
- 11:12as he as he said, we went into it with upward momentum and we.
- 11:16Broke out of it. With upward momentum, which then
- 11:19brings us to this triangle pattern which we are currently
- 11:22in and we are going into it with upward momentum.
- 11:26But let's go back. Hold on down here and look at
- 11:30another. Chart that he shared with us.
- 11:32Thank you, Jesse for all your work.
- 11:34Right? Look at this guys.
- 11:35There's four on here. Do I need to?
- 11:37Get the. Markers out for you.
- 11:38OK, winter of 2024. Break out to the.
- 11:42Upside summer of 2025. Breakout to the upside.
- 11:48Fall of two. 1025. Breakout to the upside.
- 11:52And then finally. Where we are.
- 11:53Right now where we went in absolutely no guarantee, right?
- 11:57I don't have a. Crystal ball No one has a
- 11:59crystal ball, but likely what we will see is a breakout.
- 12:03To the upside and think about what's going on in the.
- 12:05World right now. Oh my gosh.
- 12:08Look, I'll make it quick. Here's the bottom line.
- 12:11They're going to have to print money.
- 12:12They were going to have to print money.
- 12:14Before what's? Happened over the last.
- 12:16What, 12 days or however? Long it's been.
- 12:19It's a blur with a. Major war now occurring in the
- 12:23Middle East. We don't like war.
- 12:25We aren't casting judgement on it.
- 12:26We're just talking about the facts, OK.
- 12:29And when they print money, Katie.
- 12:33Bar the door for. Gold and silver.
- 12:36OK, now let's look at the. Silver OK.
- 12:39And what Jesse's saying about? Silver as well.
- 12:41Again, this is Jesse Colombo from the Bubble Bubble Report
- 12:45and. Make sure we got the right
- 12:48screen up, which we do. He also says there's a large.
- 12:52Triangle pattern forming in silver and if.
- 12:55It breaks to the upside we could see.
- 12:59Take your blood. Pressure Medicine, 150.
- 13:02Dollar silver in short order. OK, and here's what he's showing
- 13:09on the. Silver chart as well.
- 13:11As you can see. Similar to gold, right?
- 13:14We had a fall of two. 1025 triangle pattern that we went
- 13:18into with upward momentum we broke.
- 13:21Out to the upside. All right, then we formed it
- 13:24performing another triangle pattern.
- 13:27Which right if which usually is the case.
- 13:31Since we went into it with upward momentum.
- 13:33We could also break out to the upside.
- 13:36Let's go check on our friend Rashad.
- 13:38We love Rashad. He's been very accurate and he's
- 13:42also a great analyst out there and he's saying the same thing.
- 13:46OK, so. That look if Rashad.
- 13:48Saying it if. Rashad is saying it if Jesse
- 13:54Colombo saying it if I'm saying it, a lot of other people.
- 13:57Are saying it. But the odds.
- 13:59Are in our favor and on top of that.
- 14:01I won't say it. Again, but the fundamental
- 14:03factor supporting gold and silver are absolutely
- 14:07incredible. But even more important, super.
- 14:10Look what is happening. Energy crisis.
- 14:13Oil. Getting close to a. $100 a
- 14:16barrel guys, right? Two weeks ago, 3 weeks ago, oil,
- 14:20crude oil was was trading for like $65 a barrel, $62.00 a
- 14:24barrel. We are in an energy.
- 14:27Crisis. Like we have not really ever
- 14:29experienced. 20 million barrels a.
- 14:31Day have been disrupted. At this point that that dwarfs.
- 14:36What happened during the? Gulf War that dwarfs.
- 14:38What's happened really? It's my understanding from any
- 14:42other energy. Crisis that we had this is good
- 14:44for silver, this is good for. Uranium.
- 14:47This is good for the energy metals.
- 14:49I'm going to show you something that explains.
- 14:52To us why and we'll talk about this.
- 14:54More let me. Pull up this.
- 14:57From Rabi Weimar, Silver Baron Silver Demand.
- 15:01Is widely. Expected to increase massively.
- 15:05Due to oil. And gas shortages.
- 15:08Energy has to come from somewhere, and this is.
- 15:11Corroborated by Bloomberg. He says it's an interesting set
- 15:15up. Because most.
- 15:16Banks are admitting that. Silver supplies are critically
- 15:20low. Or are we?
- 15:21Talking about our friends at the COMEX, in the LBMA, in the
- 15:26Shanghai Gold Exchange in the Shanghai.
- 15:28Futures exchange OK globally due to years of.
- 15:32Consumption outstripping mining and recycling.
- 15:37OK, now this. Is where it gets.
- 15:38Interesting. This is from Bloomberg.
- 15:41How? How fossil fuel disruption lead.
- 15:45Disruptions lead to booms in solar and batteries and I would
- 15:50argue nuclear. As well, which is.
- 15:53Also going through a boom right now.
- 15:55Let's go down to the second paragraph in orange.
- 15:57Falling prices of solar. And batteries offer an
- 16:01alternative to paying a premium for fuel, with Europe and
- 16:04Pakistan seeing a rapid rise in solar deployment and battery
- 16:09installations in response to energy.
- 16:11Crisis. Look.
- 16:13You everyone at The World runs on Energy, OK?
- 16:16Solar energy is. Becoming a dominant force in
- 16:21world energy creation. Silver.
- 16:23Is a critical component of any solar manufacturing process.
- 16:29Sure they can try to cut back, they can try to cut corners, but
- 16:32at the end of the day is demand for solar panels continues.
- 16:36To explode higher, that will create.
- 16:39And it was. Already.
- 16:40Happening before this energy. Crisis.
- 16:43Think about it. This just literally touches the.
- 16:46Turbo button the last. Paragraph.
- 16:48Says it's solar installations. Globally reached a record 655
- 16:52gigawatts last year. With BNEF analyst expecting.
- 16:59Energy storage for the grid to rise.
- 17:02More than 50% this year. Batteries use silver.
- 17:06Think about I. Mean think about these new.
- 17:09Solid-state batteries, OK. Which are using massive amounts
- 17:12of silver and the disruption to. All.
- 17:15Oil and gas supplies potentially pushing this is.
- 17:18Bloomberg customers toward technologies.
- 17:22Like solar and batteries, man. Guys, it was already looking
- 17:29good, now it's already looking better.
- 17:32Because the world. Is in an energy we knew with the
- 17:35AI data centers were demanding silver and I'll say uranium as
- 17:40well are the new energy metals of the.
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- 18:12We got to talk about Scott Percent, the ultra wealthy, and
- 18:17oh, I got a great little video for us to.
- 18:18Watch about why and who are manipulating.
- 18:21The price of silver. And here.
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- 22:32Hollywood actors talking about. Silver is a big deal.
- 22:36Why? Because.
- 22:37Hollywood actors have major influence over mass numbers of
- 22:42people and get a load of this and then we are going to watch
- 22:45another little video one minute long about how and why.
- 22:49The price of silver. Are being manipulated but.
- 22:51Let's go out to. An awesome Here we go from.
- 22:58Silver trade OK, Silver will. Reach thousands of dollars
- 23:04Terrence Howard has apparently joined the precious metal
- 23:08empire. Terrence Howard, We.
- 23:09Like you, OK. When Hollywood actors begin
- 23:12discovering Silver's fundamentals.
- 23:14The public mania stage of the precious.
- 23:17Metals bowl is likely not far away, he said.
- 23:20This OK Bitcoin is going to die. I don't.
- 23:23Necessarily agree with that, Whatever.
- 23:26But Oscar nominated actor. Declares but silver will reach
- 23:31thousands of dollars, this guy's.
- 23:33Comes from Bloomberg. So we've got a Hollywood actor.
- 23:38In a very popular one, I'll show.
- 23:40You a little quick part about his bio here in a second.
- 23:43All right, a very influential person talking about silver
- 23:47going to thousands of dollars. And this is being covered by
- 23:51Bloomberg. So who is Terrence Howard?
- 23:53Look, I don't watch a lot of movies or TV.
- 23:55Upstairs, Susie is the. Expert in our household in that
- 23:59arena. She knew all about.
- 24:00Terrence Howard. And here he is.
- 24:03He's an American actor, all right, and he's about.
- 24:06Our age, 56 years old. And he's an Academy.
- 24:11He's an Academy Award and Golden Globe winning.
- 24:14Actor So this is a big guy. This is a big deal.
- 24:17Look. Like we said, welcome.
- 24:21Terrence, right? We appreciate you spreading the
- 24:24good word about silver. And understanding the real.
- 24:27Story about real real. Money.
- 24:30But how and why are silver manipulated?
- 24:33It's important for us to understand that.
- 24:35And we've got a guy. Who put together?
- 24:37It's about a minute and a half long.
- 24:40But I want to share this with you.
- 24:42Here we go. It's a guy named Rick Bender,
- 24:45who I'm becoming a big fan of on YouTube and I'm going to play.
- 24:48This like I said. About a minute, minute and 1/2.
- 24:51Where he talks about. How and why?
- 24:54The silver. Price are manipulated.
- 24:59So we might ask, who's behind the bullion banks suppression of
- 25:04precious metals for 50 years? The system is working together.
- 25:10The banks and the Federal Reserve are working together.
- 25:14We own gold and silver. What should the value per oz
- 25:18actually be? Why is it being suppressed?
- 25:22Well, listen to this. The bullion banks do not operate
- 25:26in a vacuum. They are the defense mechanism
- 25:30for the Fiat system. If that mechanism breaks, the
- 25:35resulting explosion won't just be a volatile week on the
- 25:39charts, it will be a sovereign banking crisis.
- 25:45This is true when we dig into the leverage, the derivatives,
- 25:49the trade. This is a huge, huge, important
- 25:53point. Here is exactly how that
- 25:56explosion would play out, followed by the hard data
- 26:00proving that the BRICS nations are already preparing for it.
- 26:07If silver and gold prices enter a true runaway physical squeeze,
- 26:13it creates A fatal mathematical trap for the banks and the
- 26:19Federal Reserve. It's absolutely vitally
- 26:25important that the bullion banks keep suppressing the price of
- 26:30gold and silver, which is destroying our wealth, and
- 26:36they're doing it to keep the banks and the Federal Reserve
- 26:40alive. OK, that nails it right on the
- 26:43head. I won't repeat everything he.
- 26:45Said but they're basically. Doing it to keep the Fiat system
- 26:49alive. You don't agree with it?
- 26:52I don't agree with it. It started in 1971.
- 26:55But. What we can do is what we are
- 26:57doing, which is. Protect ourselves with with.
- 27:01With silver and gold oriented investments now.
- 27:05What about the ultra wealthy who could create a wave?
- 27:09Of new money coming into the precious metal sector, into
- 27:13silver, into gold. Into.
- 27:15The precious metals mining. Stocks.
- 27:17Because guess what? They've.
- 27:18Not woke up yet? And wait till you.
- 27:21Hear this data about the ultra wealthy?
- 27:24Here we go. This comes from our friends at
- 27:29Metals and Miners. Phase two of the Gold Bowl
- 27:32cycles. Coming beyond the central banks,
- 27:35the 2%. Hedge, let's just go.
- 27:37Down to the meat of it, we're going to come.
- 27:39Back to this chart, here it is right here guys A.
- 27:42Stunning new survey from JP Morgan, their very own private
- 27:48wealth division. Reveals a powerful setup for
- 27:52gold. And Silvers next advancing phase
- 27:56in a world wracked by kinetic and economic conflict, trade
- 28:00wars and unprecedented geopolitical tension, The
- 28:03wealthiest families on the planet.
- 28:06These are the wealthiest, the ultra wealthy.
- 28:08Families on the planet. Site Geopolitics as their.
- 28:12Single biggest investment risk. This makes sense, yet in
- 28:16purpose. What doesn't make sense is that
- 28:19the same survey revealed that these concerned families.
- 28:23Allocate. A miniscule, almost laughable 2%
- 28:28of their portfolios. To gold and silver.
- 28:31This isn't a hedge. It's.
- 28:33Literally a rounding error. It's a.
- 28:37Profound and telling disconnect between stated fear and actual
- 28:42portfolio action. And here's.
- 28:45The results of the of the of the survey that they did.
- 28:49And right here you can see it. Risks most.
- 28:52Often ranked #1. Globally geopolitics so.
- 28:57As we're living in a. World where the ultra wealthy
- 29:00who I. Think we can safely say like are
- 29:03more in the know than most people are?
- 29:06They know what's. Happening in the.
- 29:07World are very concerned about worldwide geopolitics, yet the.
- 29:13Exciting. And there's a reason why this is
- 29:15important. They have less than two.
- 29:17Percent of their wealth. In precious metals.
- 29:20Historically. Historically.
- 29:22That number has been as high as 10%.
- 29:26If we go, we've got the law, the, the, the.
- 29:28Basement law of small numbers working in our.
- 29:31Favor again if we. Go from 2% to 10% right?
- 29:37You don't have to be Albert Eisenhower to figure.
- 29:40Out. That's a 5X.
- 29:42Move in money. By the ultra wealthy.
- 29:46Who probably control 50 or 60% of the world's wealth to begin
- 29:51with. These are real facts.
- 29:54From JP Morgan. OK, that's a 5X move.
- 29:59The beauty. Of the law of small numbers,
- 30:01look. We don't feel sorry for those
- 30:03ultra wealthy. That have yet to move.
- 30:06A lot of their assets into silver and gold.
- 30:08But the law of small numbers. Dictates that it's a lot easier
- 30:12to get a big huge increase. When you start with a small
- 30:16number. It's like if your.
- 30:17Kid comes to you and says oh in my math.
- 30:19Class I've got a. A 40% average.
- 30:23I had an F. Well, it's a lot easier.
- 30:25To go from that F. To AC.
- 30:27Than it is maybe to go from AB to an A.
- 30:30Does that make sense? It's a lot.
- 30:31Easier to go. From 2% to 10?
- 30:34What if they go to 20? Percent right, which is?
- 30:37Not out of the question. This could create a massive.
- 30:40Flood. Of new liquidity, money, cash,
- 30:44however you want to say it, Fiat.
- 30:46Make believe right fantasy. Island dollars coming into.
- 30:50The precious metal sector and the precious.
- 30:53Metals mining stock sector. As well.
- 30:56It's really crazy. Scott Percent is the.
- 30:59Treasury Secretary of. The United States, you probably
- 31:03know who he is, what's important.
- 31:05Is what he says. People have said he's a gold
- 31:08bug. From way back wait.
- 31:10Till you hear what he said just two years ago.
- 31:14He hasn't changed in two. Years, OK.
- 31:17He's not made any public statement that he's changed his
- 31:19mind and what he. Says right.
- 31:22Says very, very good. Things.
- 31:24About the. Future of Silver and.
- 31:26Gold, let's go out. And check on Mr. Besant, who
- 31:30said this? Comes from Ronnie Stofferly.
- 31:33Right. Super Again, another super
- 31:35respected person in the precious metals.
- 31:37Sector This is a. Quote from Descent there.
- 31:41And here's Besent down here. Hold on.
- 31:43Right there, that guy. He's the United States.
- 31:46Treasury Secretary, I think he worked for.
- 31:50Anyway, he he worked for one of the big hedge funds at one time.
- 31:54Here we go, he says. Quote We are also at a.
- 31:57Unique moment, geopolitically interesting, he says that.
- 32:01After. What we just heard from the
- 32:02Ultra. Wealthy throughout the world.
- 32:03From JP Morgan and I could see in the next.
- 32:07Few years that we're going. To need to have some kind of a
- 32:12in red grand global economic reordering, something on the
- 32:20equivalent of a New Bretton. Woods or if.
- 32:24You want to go. Back like.
- 32:26Something to the steel agreements or the Treaty?
- 32:30Of Versailles. There's a good chance that we're
- 32:33going to have to have that over the next four years.
- 32:38Remember he said this. Two years ago.
- 32:41And I'd like. To be a part of it, he's also a
- 32:45A, a, a. Documented.
- 32:47Gold bug, he said. Very good things about gold.
- 32:50Over the years. All right guys.
- 32:52But what's crazy is this part right here.
- 32:55A new. Where is it?
- 32:57There it is. A new Bretton Woods agreement.
- 33:01That was the agreement that was struck.
- 33:03After World War 2. Right that.
- 33:06Established the US dollar. As being backed by Do You know
- 33:12gold? Two years ago, our current
- 33:17Treasury Secretary said that. Something like a new Bretton
- 33:22Woods agreement. The World Central.
- 33:25Banks have more. Gold in their treasuries.
- 33:28Now than they. Have United States Treasury.
- 33:31Bonds right, that just happened the.
- 33:34The world central banks. Are buying.
- 33:36Gold at record levels. I mean think.
- 33:39About it. Put the big picture together,
- 33:42right we are. Living in historic historic
- 33:45times, right? And Speaking of.
- 33:47Historic, let's also remember. Super important point that gold
- 33:52and silver have always been the world.
- 33:55Reserve currencies, period. OK, thousands of years.
- 34:01I was talking with Dan. Wilton, the CEO of.
- 34:03First mining gold this morning. Gold and silver have.
- 34:06Always been the money. Of the world, period. 5000 years
- 34:11ago I got news for you, basement dweller.
- 34:14We had a common. Relative. 5000 years what?
- 34:18Would that be, I don't know, the year 3000?
- 34:20BC roughly we had a common relative if that.
- 34:24Person, man or woman? Right wanted.
- 34:26To buy a new. Fancy suit of clothes.
- 34:29It would cost them about 1 ounce of gold 5000 years.
- 34:34Ago today if. You want to go.
- 34:36Buy a super fancy suit of clothes.
- 34:39It's. Roughly going to cost you about
- 34:41$5000. Me personally, I would never
- 34:43spend $5000 or an ounce of gold on a suit of clothes.
- 34:47I prefer to buy. My fancy.
- 34:49Brooks Brothers shirts. That I wear down here in the
- 34:51basement. Used off eBay, but that's a
- 34:54whole. Different story.
- 34:55The point is that. Gold and silver have always been
- 34:58valuable, will always be valuable.
- 35:01So what the Treasury Secretary said two years ago.
- 35:06Makes sense within that context when we look at the.
- 35:11Charts for gold the. Triangles everywhere, right?
- 35:15More than when you go visit at Egypt, right when we.
- 35:18Look at the charts. For silver, same thing.
- 35:21Everywhere we look. When we.
- 35:23Realize that we are. Living with silver.
- 35:26In particular through probably. One of the most severe potential
- 35:30energy crisis. That we've ever.
- 35:32Seen and silver is the new energy metal.
- 35:36Oh my. Gosh, where do you?
- 35:38Think the the. Thank you Upstairs, Susie, the
- 35:42the future of. Gold and silver are going to go.
- 35:44Hey guys, I forgot. To mention my lovely.
- 35:47Assistant upstairs Susie she. Hangs out down here.
- 35:50With us, right? She talks through the
- 35:52walkie-talkie. She's in this nice.
- 35:54Purple Adirondack chair that I set her up with please in the
- 35:58comments. Give her some love.
- 36:00She's got to be one of the, I'm telling you, one of the sweetest
- 36:03people on the face of the earth. If we were able to quantify that
- 36:06she's more valuable than any silver, any gold.
- 36:09And she mentioned that. We got a super chat, let's go
- 36:11out and take a look. See what happened here?
- 36:14Oh my gosh. We got a super chat, super Thank
- 36:17you. Wow, Brian.
- 36:18Hold on, Brian Nelson. Thanks.
- 36:24Hey, guys. Let's get 400 thumbs up.
- 36:27I've been holding back on ringing the golden gong we get.
- 36:30We get 400 thumbs up. Upstairs, Susie chimes in.
- 36:33We're going to ring that golden gone Brian Nelson, you are
- 36:36famous on the Internet. Today.
- 36:38There you go, buddy. Congratulations and more
- 36:42importantly, thank you on behalf.
- 36:44Of upstairs, Susie. And myself, we do support our
- 36:47family off this channel. So thank you for the.
- 36:50Support. It's very helpful.
- 36:52Guys, I'm feeling good now. Come on, can we get the 400?
- 36:55I'm going to get it, I'm going to get it.
- 36:57The golden gone. Want to say hi to Smitty?
- 36:59The Silver see him. Wait a minute, there he is.
- 37:02Here I'm going to take my finger, follow my finger.
- 37:05There's Smitty the Silver Bear. He's still got his 80. $5
- 37:10blindfold off. Let's check in with upstairs.
- 37:13Susie and. We got it.
- 37:17Did you say we have? 400 thumbs up.
- 37:19Over upstairs Silver, upstairs Susie and out.
- 37:26Sometimes we talk. Over each other.
- 37:28I'm going to ring the gong, the golden gong, the good luck
- 37:32golden gong, the basement gong 4 times.
- 37:35We're going to have some good luck as we move into the future.
- 37:38Together. I don't know if you can hear
- 37:47that it like keeps ringing. I think that's called
- 37:49resonation. Hey, I hope.
- 37:51You heard some things down here today that resonated with you.
- 37:56Right you. Are literally the most important
- 37:58part of this channel. I'm not down here right doing
- 38:01this. It's a cold, dark, dank
- 38:02basement. Unless I have the.
- 38:04Camaraderie and friendship of great basement dwellers like
- 38:07you. I want to say thank you for
- 38:09joining us, please. Subscribe to the channel.
- 38:11If you haven't already and we will see.
- 38:13You. Yeah, we'll see you.
- 38:15We'll see you soon. Bye bye, have a great day.