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Transcript

**ALERT** The Greatest Precious Metals BUBBLE in History is HERE · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  A bubble in the precious metals prices, a bubble in the silver
• 0:07
  price, a bubble in the gold price.
• 0:09
  Definitely we're not there right now, guys.
• 0:11
  We know that. But there's a top analyst who's
• 0:15
  predicting that we could be moving into a 10 to 20 year
• 0:19
  bubble in the precious metals. We're going to listen to what he
• 0:23
  has to say, but another analyst is pointing out that the gold to
• 0:27
  silver ratio is doing some very interesting things.
• 0:32
  And if we look at it on a historical basis right now, we
• 0:36
  could easily justify a $50 per oz silver price.
• 0:41
  But you know the most important thing we're going to do today,
• 0:43
  guys, how about this? We got a package.
• 0:47
  Basement dwellers. Yes, you got a package.
• 0:49
  I got a package. Our friends at Pembeck's sent us
• 0:53
  some silver at least that's what I'm presuming is inside this box
• 0:57
  that we're going to give away on August 31st that's Saturday,
• 1:01
  August 31st during the 10 AM live stream on that day.
• 1:06
  So in just a few minutes here I've this is not been open.
• 1:09
  We're going to open this up and see what pin backs sent us.
• 1:14
  But before we do that, let's go quickly.
• 1:17
  Let's talk about what's going on.
• 1:19
  You know, this week was when it came to the precious metals, but
• 1:25
  I found a very interesting little article and I think they
• 1:30
  missed something. See if you can help me and see
• 1:33
  what they missed. This comes comes from the global
• 1:35
  market news, which I've never heard of, but I thought they did
• 1:39
  a pretty good job of talking about why we have such higher
• 1:42
  gold prices. And you know what that means for
• 1:45
  silver prices as well. But I want you to pay attention
• 1:47
  here and see if there's something they missed.
• 1:50
  They're talking about the key drivers in the gold price.
• 1:53
  And again, pretty much same thing for the silver price,
• 1:56
  right? We know that interest rate
• 1:58
  expectations, investors are anticipating the central banks,
• 2:01
  particularly the Federal Reserve, will cut interest
• 2:04
  rates. OK.
• 2:05
  We know that geopolitical tensions, ongoing geopolitical
• 2:09
  conflicts again, guys, these are the reasons why they're pointing
• 2:13
  to the higher gold and silver price.
• 2:15
  But I think they missed something massive, such as the
• 2:18
  war in Ukraine and the Gaza Strip have increased the demand
• 2:22
  for gold #3 central bank purchases.
• 2:25
  Central banks around the world, especially China and India, have
• 2:30
  been purchasing gold in record amounts.
• 2:33
  Economic uncertainty Economic uncertainties, including
• 2:37
  concerns about inflation and potential recession, have led to
• 2:40
  increased investments in gold and dollar depreciation.
• 2:44
  The weakening of the US dollar has also played a role in
• 2:48
  boosting gold prices. Now can we argue with that?
• 2:52
  Because I, I think a lot of people would say the dollar is
• 2:55
  strong right now, the DXY index, right?
• 2:57
  When we compare the dollar to other major world Western G7
• 3:02
  currencies, the dollar strong, right?
• 3:05
  So I don't know that we can say dollar depreciation from that
• 3:08
  perspective. But when it comes to the real
• 3:11
  value of the US dollar, and that's what we talk about on a
• 3:15
  regular basis here in the basement, right?
• 3:17
  10 years from now, how much gasoline is a $100 bill going to
• 3:22
  buy you today? You can maybe fill up your big
• 3:24
  SUV with that $100 bill. Do you think you'll be able to
• 3:28
  do that in 10 years? That's the real value of the
• 3:31
  dollar. Heck, the dollar index could be
• 3:32
  the same 10 years from now. It's just, again, comparing, you
• 3:37
  know, the prettiest turds in the toilet.
• 3:38
  I had to say it once during today's live stream.
• 3:41
  But what this article missed, OK, they talk about central bank
• 3:45
  purchasing, but guys, it's really all about China right
• 3:50
  now. China and India, but in
• 3:52
  particular China. And it's not just the central
• 3:56
  banks, it's the Chinese consumer.
• 3:58
  I was reading an article this morning that came out talking
• 4:01
  about some more banks that are failing in China.
• 4:04
  The Chinese people are freaking out.
• 4:07
  Their stock market stinks, other real estate market stinks, and
• 4:12
  on top of that, they don't trust the banks, they don't trust the
• 4:15
  paper currency. We've got massive buying of gold
• 4:18
  from the Chinese citizenry. And then again, also in other,
• 4:23
  you know, we know Thailand, Vietnam, all over the world.
• 4:26
  So I think they missed that in this article.
• 4:29
  A couple things that we want to look at here.
• 4:30
  Notable endorsements. They said Warren Buffett
• 4:33
  endorsed gold. He said, quote, gold is a way of
• 4:36
  going long on fear and it's been a pretty good way of going long
• 4:39
  on fear from time to time. Ray Dalio now, you know, he's
• 4:43
  the founder of Bridgewater. That's like the biggest hedge
• 4:46
  fund investment fund. Ray Dalio's considered to be a
• 4:50
  genius, right? A maverick in A to a certain
• 4:52
  degree as well. He says if you don't own gold,
• 4:55
  you know neither history nor economics.
• 5:00
  Excuse me. Jimmy Rogers, Co founder of the
• 5:02
  Quantum Fund, is frequently recommended.
• 5:04
  Gold is a hedge against inflation and economic
• 5:07
  uncertainty, he remarked. I love gold.
• 5:09
  It's been something to protect my wealth for centuries.
• 5:13
  So there we have it. I thought that was a pretty oh,
• 5:16
  hold on here. Oh no, hold on.
• 5:19
  What I do? Did I lose you guys?
• 5:22
  Hopefully we're still alive here.
• 5:25
  OK, here we go. OK.
• 5:32
  Can you guys see me? Hopefully you can see me and
• 5:35
  hear me. Hold on a second here.
• 5:39
  What did I do? Oh, boy.
• 5:42
  OK, let me see if I can. Hold on, guys.
• 5:46
  We're having some technical difficulties.
• 5:50
  All right? It's the big day, too.
• 5:52
  The big unboxing and shoot. Hold on a minute.
• 5:56
  I'm going to do one thing. Bear with me, guys.
• 6:00
  I apologize. We're having some technical
• 6:02
  difficulties here in the basement.
• 6:04
  But I promise you very soon, next thing on the agenda is we
• 6:08
  are going to open the package that we got from PMBEX and
• 6:14
  hopefully here I'm going to get back to you so you can see me
• 6:21
  enter the studio. OK, there we go.
• 6:25
  All right on here. Nope.
• 6:34
  OK, I'm going to shut that down. Hello.
• 6:42
  Are we here? Yes, we're here.
• 6:44
  OK. Can you guys still see me and
• 6:45
  hear me? Please let me know.
• 6:48
  I apologize. I had a brief little mishap here
• 6:52
  on the desktop. I hope everybody's doing great.
• 6:54
  OK, let's open this up. What do you say?
• 6:55
  Can somebody please let me know? Give me a 5 by 5 if you can see
• 7:00
  me and hear me. And.
• 7:04
  All right, cool. Awesome.
• 7:05
  Sorry about that guys. I need to do one more quick
• 7:09
  thing sometimes. Be in the one man band down here
• 7:12
  in the basement. Things go a little awry and
• 7:16
  there we go. Here we are.
• 7:17
  OK, let's open the box we got from Pinbacks.
• 7:20
  Hold on now, I'm getting texts. All right, OK, let's open this
• 7:26
  up. This will be the silver that
• 7:28
  we're going to give away on August 31st.
• 7:30
  This should be exciting. I'm going to tilt that down a
• 7:34
  little bit, move the microphone over to the side, and let's open
• 7:37
  this up. Thank you to our friends at
• 7:39
  Pinbeck's channel sponsor. All right, let's see how long it
• 7:43
  takes me to get into the Pinbeck's packaging.
• 7:47
  So there's a plastic bag. That's nice.
• 7:53
  Hold on here. OK.
• 7:58
  Attacking slip. Wow.
• 8:00
  Nice. Very heavy duty cardboard set up
• 8:04
  here. Let me see if I can figure out
• 8:06
  the best way to get into this. All right.
• 8:11
  I wonder what Pinbeck sent us. I'm going to use these scissors.
• 8:27
  I've always said when you get a package from pen backs, it's the
• 8:29
  way you want it wrapped up like Fort Knox, right, guys?
• 8:34
  Hey, coin chef Chris. Wow.
• 8:36
  And then inside there we have this and a nice bubble wrap.
• 8:44
  Wow. OK, well, hold on here.
• 8:53
  I don't want to hurt anything. Oh, wow.
• 9:06
  Wow. Oh, cool.
• 9:09
  Hold on guys, it it is the summertime giveaway.
• 9:16
  So the first thing we have here, see if you can see it.
• 9:20
  Yeah, you can see that a very cool looks like a one ounce
• 9:23
  Coca-Cola silver bar. Oh boy.
• 9:28
  And it continues. Oh man, this is awesome.
• 9:31
  Again, this will all be given away on Saturday, August 31st
• 9:36
  during the 10:00 AM. Is this, I don't know what the
• 9:39
  how many ounces it looks like. Boy, my eyes are getting bad.
• 9:43
  A5 out. Wow, another Coca-Cola bar.
• 9:48
  But they outdid themselves. This is a 5 oz Coca-Cola bar.
• 9:55
  Wow, very cool. And the top things off.
• 9:59
  OK, we got more. But wait, there's more here.
• 10:04
  Oh man, thanks. Thank you so much to the guys at
• 10:08
  Pmbek's. Look at this guys.
• 10:10
  A10 oz Coca-Cola bar. So if my math is correct, we've
• 10:16
  got a 10 oz Coca-Cola silver bar, A5 oz Coca-Cola silver bar,
• 10:22
  and a one ounce Coca-Cola silver bar.
• 10:25
  This is awesome. I'm gonna try not to get my
• 10:27
  fingers, crummy fingers all over these too much, but here, take a
• 10:35
  look at that guys. Isn't that cool?
• 10:38
  One ounce, It's like when you go to the grocery store and you buy
• 10:43
  Coca-Cola. They got different size bottles.
• 10:45
  There's the five ounce and 10 oz Coca-Cola.
• 10:52
  Wow, very cool. Thank you to the guys at Pembex
• 10:55
  again, guys. I'll have a video, a giveaway
• 10:59
  video that'll come out probably later today.
• 11:02
  Let me fix our camera here later today or this weekend.
• 11:06
  At some point, all you'll have to do is go to the video.
• 11:09
  There'll be a link to it and all the other video descriptions.
• 11:13
  Just go to the giveaway video and leave one comment.
• 11:16
  Say thanks, Pinbecks. And then on August 31st at 10:00
• 11:20
  AM during the morning live stream, that's a Saturday, I
• 11:23
  believe. I will draw one random comment
• 11:27
  and you will win, right? 16 ounces, 10 oz Coca-Cola
• 11:31
  silver bar, 5 oz Coca-Cola silver bar, and a one ounce
• 11:36
  Coca-Cola silver bar. Very cool.
• 11:38
  Thank you to Pinbecks. Thank you for the sponsorship
• 11:41
  from Pinbecs as well. Just in case you don't know,
• 11:45
  Pinbecs is an online bullion dealer.
• 11:49
  They're a company. Gosh, it's almost been a whole
• 11:52
  year now that they've been sponsoring the basement.
• 11:55
  It's a great place to buy silver, gold, platinum.
• 12:00
  And I always say, I never tell you what to do, but I think
• 12:03
  you'd be doing yourself a disservice if you don't at least
• 12:06
  throw them into the mix next time that you're shopping online
• 12:10
  for bullion. I've always found the prices are
• 12:12
  the best, the service is the best, the shipping is the best.
• 12:16
  Really everything about it is the best.
• 12:18
  But what I always come back to is there.
• 12:21
  I always feel like I get more metal for my money with pin
• 12:24
  back. So thank you guys.
• 12:27
  And like I said, I'll have that video up here soon.
• 12:30
  Let's talk about $48 silver. What do you say, huh?
• 12:33
  Let's go to our friend. Can you, do you believe in $48
• 12:37
  silver? I believe in $48 silver.
• 12:39
  But let's, let's, I'll, I'll tell you why I see that being a
• 12:45
  real possibility. And you know what?
• 12:47
  But first, let's just go check. Our friend Oriental Ghost gave
• 12:51
  us an update on yesterday's Shanghai Gold Exchange Silver
• 12:56
  price, $34.48. I think it was.
• 12:59
  It was almost 35 on Thursday, Silver on the Shanghai Futures
• 13:04
  Exchange, $34.64. There's been some news I'm doing
• 13:10
  some investigative work, but apparently, according to the
• 13:12
  most recent Cot report, there's a huge short position right now
• 13:17
  on the paper. Unicorn fart dust, right?
• 13:20
  The Comex and the LBMA exchanges.
• 13:23
  Apparently there's a rather unusual and astounding short
• 13:30
  position, more astounding, more unusual than normal in the
• 13:34
  electronic exchanges on silver. Now, what that means is at some
• 13:38
  point these guys may have to buy their silver back.
• 13:40
  We're going to talk more about that tomorrow.
• 13:43
  My intention is to do another live stream tomorrow, Sunday,
• 13:47
  and we'll talk more about that at that point.
• 13:50
  The other thing that we can bring up, don't forget
• 13:53
  yesterday. Here's an article from Chinese
• 13:57
  newspaper from our friend the Oriental Ghost.
• 13:59
  Here's an article written by Vince Lanchey on the subject.
• 14:03
  The China Hunt Brothers take on JP Morgan and when apparently,
• 14:09
  here we go. There was an article yesterday
• 14:12
  in the Sign of Finance newspaper.
• 14:14
  Big battle between a trader in China and JP Morgan that I think
• 14:21
  if I remember commenced back in 2022 and this trader in China
• 14:26
  made a a rather huge profit off the whole situation.
• 14:30
  So our port, we feel so bad for the guys at JP Morgan, don't we?
• 14:35
  You know the manipulators, the JP Morgan guys had their arses
• 14:40
  handed to them by a big Chinese trading company.
• 14:43
  You can go to the Oriental Ghost on Twitter and read more detail
• 14:46
  about it. Like I said, Vince Lanchi also
• 14:50
  talked about it rather exhaustively and he's got a sub
• 14:54
  stack you can check out as well. But boy, just we feel so bad for
• 14:57
  the boys and girls at JP Morgan that the Chinese traders and
• 15:01
  that's where the that's where the metals are going.
• 15:05
  I mean, it's all going to China. You know, this article that
• 15:09
  we've that we started out the show with all these reasons why
• 15:12
  gold is up, all these reasons why silver is up.
• 15:15
  The fundamental right over the last couple of years, really the
• 15:19
  fundamentals were aligned to a certain degree against the
• 15:23
  precious metals and China and India to a certain degree and a
• 15:27
  rather large degree are who we can thank.
• 15:31
  They're taking over the metals markets.
• 15:34
  OK. It's going to be an and guys,
• 15:36
  it's going to be a crazy interesting decade ahead of us
• 15:39
  as we as we see what's going on in developments that are
• 15:43
  occurring as the BRICS nations progress.
• 15:46
  Don't forget later this summer, massive BRICS meeting in Russia,
• 15:51
  right? And you've got these the Russian
• 15:53
  finance ministers talking about gold backed the potential,
• 15:56
  right. Some people are saying it's not
• 15:57
  just the potential. They're predicting that we're
• 16:00
  going to hear about a gold backed currency, a gold backed
• 16:04
  trade settlement currency that can be used between the BRICS
• 16:07
  countries. I don't know.
• 16:08
  That was the big thing last summer, right?
• 16:10
  Everybody was predicting we were going to get maybe we're going
• 16:13
  to hear about it. You know, supposedly there's
• 16:15
  some testing. There's so much going on, right?
• 16:18
  Project in bridge with the with the Bank for International
• 16:22
  settlements. Don't forget the Bank for
• 16:23
  International Settlements. That's like the granddaddy
• 16:27
  that's above all the other world central banks.
• 16:29
  The Bank for International Settlements, right?
• 16:32
  Gold is a what? A tier one asset, right?
• 16:35
  It's the same thing as cash or government bonds.
• 16:37
  What is that, Thomas? Thank you, Daniel.
• 16:40
  Wow, man. Thank you for that super chat,
• 16:42
  my friend. Let's look at Daniel's smiling
• 16:44
  face. One of our fellow basement
• 16:46
  dwellers. Thank you.
• 16:47
  Thank you, Thank you. All right, let's talk about,
• 16:50
  let's talk about the why I think silver should be $48 an ounce
• 16:57
  right now. OK, This comes from Mike Mahari.
• 17:01
  He's been in the basement with me here before.
• 17:03
  Great guy, super smart guy. Gold Silver ratio indicates that
• 17:07
  the we're in the early stages of a silver breakout.
• 17:11
  Two months ago, the gold and silver ratio broke an important
• 17:14
  support level, indicating the white metal that would be silver
• 17:17
  could be in the early stages of closing the gap with gold.
• 17:21
  Look at the big silver ball. OK, For those of you who don't
• 17:26
  know, the gold to silver ratio indicates how many ounces of
• 17:29
  silver it would take to buy one ounce of gold given the spot
• 17:31
  price of both metals. In other words, it tells you the
• 17:35
  price of gold in ounces of silver, which I think right now
• 17:39
  is right around what, 757677? Well, here he's going to tell us
• 17:44
  the current gold to silver ratio is right about 76, but this
• 17:48
  ratio is historically high. This is critical guys, meaning
• 17:53
  that silver is underpriced compared to gold, but there's
• 17:57
  some indication that the trend is in the early stages of
• 18:01
  reversing. All right, this is where it gets
• 18:04
  interesting. In the modern era, the modern
• 18:06
  era, the gold to silver ratio has averaged between 40 to one
• 18:11
  and 60 to 1. So think about those 16 ounces
• 18:15
  of of Coca-Cola silver bars that our friends at Pembex gave us
• 18:20
  right over the last in the modern era era, right?
• 18:23
  It would take about 40 to 6040 to 60 ounces of silver to get
• 18:28
  one ounce of gold. When the gold to silver ratio
• 18:30
  gets far above the high end of that historical average, it
• 18:34
  tends to return to the mean with a vengeance.
• 18:38
  Let me ask you a question. Think about this.
• 18:40
  If in the modern era, the gold to silver ratios average between
• 18:44
  40 to one and 60 to one, what's the average between 40 to one
• 18:49
  and 60 to one? That would be 50 to one.
• 18:52
  OK, That's really kind of the the average of the average over
• 18:56
  the in the modern era, as Mike Mihari calls it.
• 19:00
  If we apply that to the current gold price.
• 19:02
  Right, Let's go here. Let's take a quick look.
• 19:05
  Hold on. Oh boy, look at me.
• 19:10
  That's what happens when I don't have my help.
• 19:12
  I forget to put the screen up. OK, we're going to go back.
• 19:15
  Let's go to pin backs quickly 2400.
• 19:19
  OK, now guys, if we apply, let's go to the article.
• 19:23
  Sorry I did not have it pulled up.
• 19:24
  If we apply 50 to one, OK, a 50 to one gold to silver ratio to
• 19:30
  the current gold price, we would get $48 per oz silver.
• 19:35
  Again, that sounds crazy, right? That's what, $17.00 higher than
• 19:41
  we are right now? But that's the average in the
• 19:44
  modern era. That's where we should be,
• 19:47
  right? It could go lower, right?
• 19:49
  I mean, it could go lower here. For instance, in 2020, the gold
• 19:54
  to silver ratio set a record. It went as high as 123 to one as
• 19:58
  C19 hysteria gripped the world and then plunged to around 60 to
• 20:02
  one as central banks around the world cranked up money creation
• 20:06
  machine to cope with the government shutting down.
• 20:08
  And another example of a snap back, the gold to silver ratio
• 20:12
  fell. To 30 to one.
• 20:14
  I can tell you right now if the gold to silver in 2011, if we
• 20:18
  got to a 30 to one gold to silver ratio right now at $2400
• 20:24
  gold, do you know what the silver price would be?
• 20:27
  How does $80.00 per oz sound to you?
• 20:29
  OK, after rising to over 80 to one during the money creation of
• 20:33
  the Great Recession, that wasn't that long ago in the wake of the
• 20:37
  two 2008 financial crisis. So back in 2011, right, the gold
• 20:42
  to silver ratio dropped to 30 to one.
• 20:46
  I got to say it again, if we dropped to 30 to one right now
• 20:50
  with $2400 gold, we would have a silver price of $80.00.
• 20:54
  OK, three months ago, the gold to silver ratio climbed as high
• 20:58
  as 87 to 1-2. Months ago, the ratio fell to 73
• 21:01
  to one, below the 13 year support level.
• 21:04
  It briefly rallied, climbing back to 80 to one, but again,
• 21:09
  but it failed to regain the 13 year support before dipping over
• 21:13
  the last five days. So here's the chart that he's
• 21:16
  talking about, right? This is the gold to silver
• 21:19
  ratio, right? Starting at 2.
• 21:22
  There it is in 2011 at 30 to one.
• 21:25
  Look, it's gone up. It's taking more and more and
• 21:28
  more. Those are the number of Oz of
• 21:30
  silver that it takes to buy one ounce of gold.
• 21:33
  It's taking more and more and more silver to buy that one
• 21:36
  ounce of gold. My gosh, I better have the
• 21:38
  screen shared, which I do, OK. Now it just started breaking
• 21:43
  down below that range. So if it gets back here, right,
• 21:47
  what did we say to 50? OK, to 50, that's where we would
• 21:51
  have right now $48 per oz silver.
• 21:55
  And that's a real, real, real possibility, OK, right.
• 22:01
  A 30 to one like we had in 2011 after the great financial
• 22:05
  crisis. That's a real, real possibility.
• 22:09
  OK, now are we potentially now we have another analyst telling
• 22:13
  us that we are potentially at the beginning of a bubble phase
• 22:17
  for silver and gold. Let's run out and take a look.
• 22:20
  This comes from our friend Niels.
• 22:23
  OK, over a kit coat man, he just is hitting it out of the park
• 22:27
  lately. He says stop worrying about the
• 22:30
  pennies. As gold and silver consolidate,
• 22:33
  focus on the bigger trend, says analyst David Brady.
• 22:37
  OK, Dave Brady, who's an independent analyst and author
• 22:41
  of the Fit Fit Fippest report on Sub Stack, said that lower gold
• 22:46
  and silver prices through the summer will create strategic
• 22:49
  buying opportunities for what he expects will be a much longer
• 22:54
  bull run. Looking at the technical price
• 22:56
  action, Brady said he sees gold prices bottoming OK between 2280
• 23:01
  and 2250. That's not that far below where
• 23:04
  we are now at 2400. He added that in the broader
• 23:07
  landscape, this consolidation period is a short term shallow
• 23:11
  correction in a broader uptrend. OK, he says, I'm looking to 2700
• 23:18
  to $3000 gold before we get a major correction on this rally.
• 23:23
  We're talking about a correction of pennies.
• 23:25
  When you look at the potential gains, the risk reward profile
• 23:29
  is in your favor. But the key is you have to
• 23:32
  remain patient and let this play out.
• 23:36
  Patience, right? Are we patient?
• 23:37
  Are you patient? We've been patient, Brady added.
• 23:41
  That $3000, this is where it gets interesting, is only a mid
• 23:46
  rally target, which triggers a much steeper correction long
• 23:51
  term. He said he sees the gold price
• 23:52
  going to 5000 and potentially even $10,000 an ounce.
• 23:58
  This here, I highlighted it and I got it in blue.
• 24:01
  This is the start of a bubble in precious metals, he said.
• 24:05
  This is going to go on for a decade or two or maybe more
• 24:09
  because confidence and Fiat money is disappearing.
• 24:13
  Yes, it is disappearing, right? And don't forget the only thing
• 24:17
  that backs up those dollars is confidence.
• 24:20
  Guys, in a world that is drowning in debt, man, this guy
• 24:24
  knocked it out of the park. Brady said that gold and silver
• 24:27
  remain the only solid store of value.
• 24:30
  Currently, the US debt is sitting at $34 trillion.
• 24:35
  Here. Let's go on a little field trip.
• 24:36
  Whoa, hey, guys, look, we got 30-4 trillion, 900 billion.
• 24:43
  Back to the article. Wrong article.
• 24:46
  There we go. And many economist, including
• 24:51
  Federal Reserve Chair Gomer Powell, have said that it is it
• 24:56
  is on an unsustainable path. Hired.
• 24:59
  Yes, right. Jerome Powell says it's
• 25:03
  unsustainable. Ray Dalio says it's
• 25:05
  unsustainable. Jeffrey Gunlock says it is
• 25:08
  unsustainable. Everybody knows it's
• 25:12
  unsustainable. 2 weeks ago, the International Monetary Fund said
• 25:16
  that the US government that poses a growing risk to the
• 25:19
  global economy. Brady pointed out that this
• 25:21
  growing crisis is eroding trust in the US dollar as countries
• 25:26
  start trading in other currencies.
• 25:28
  And then he says, quote, even if you don't want to listen to me,
• 25:32
  you should follow the smart money, right?
• 25:35
  We always want to follow the smart money.
• 25:36
  And central banks right now are the smart money.
• 25:39
  They're not doing this for fun. They're they don't like shiny
• 25:42
  rocks. He said.
• 25:43
  They see gold and silver as a long term investment.
• 25:47
  They're preparing for something. They're preparing.
• 25:50
  They're preparing for some sort of calamity.
• 25:53
  Let's just go back and revisit what he said here.
• 25:56
  This is the start of a bubble. And precious metals, do you
• 26:00
  believe that we could see a bubble in precious metals
• 26:05
  talking about $5000 gold, talking about $10,000 gold,
• 26:10
  right? The bricks situation could be
• 26:13
  the catalyst, right? We're hearing more and more
• 26:16
  discussion right now that the bricks countries are preparing
• 26:20
  potentially seriously, right, to bring back some form of the gold
• 26:26
  standard we read yesterday, right?
• 26:29
  The bricks countries combined have a gold reserve of almost
• 26:33
  7000 metric tons. If that number is accurate, and
• 26:37
  some people think that it could even be much, much higher, that
• 26:41
  means they're equaling the amount of gold.
• 26:43
  But the wealthiest country in the world, the country that
• 26:46
  forced the world under the gold standard after World War 2, the
• 26:49
  United States of America, these BRICS countries have massive
• 26:53
  amounts of gold. And think about this, guys.
• 26:57
  They just don't have a bunch of gold right now.
• 27:00
  They're continuing to buy and buy and buy gold, and they're
• 27:04
  encouraging their citizens to buy gold, to hold gold.
• 27:08
  We know already that India and India, not the Indian central
• 27:13
  bank, we're talking about Indian citizens in India, 1.4 billion
• 27:18
  of them, that combined Indian households have 20, what is it,
• 27:23
  25,000 metric tons of gold? That's more than three times
• 27:27
  what the United States has at Fort Knox.
• 27:30
  We know that these bricks countries have explicitly said
• 27:34
  we are moving away from the dollar.
• 27:37
  And not only have they said that they've begun to take concrete
• 27:40
  actions in that in that direction.
• 27:43
  Now they're so critical guys that we understand there's two
• 27:46
  components to the dollar. There's the reserve component,
• 27:50
  right? How much do these countries want
• 27:51
  to hold in their reserves in U.S. dollars?
• 27:55
  And there's the trade component. OK, now we know on both levels,
• 27:59
  right? And this is not going to happen
• 28:00
  overnight. I'm not going to sit here and
• 28:02
  say, oh, the dollar is going to be worthless on Monday because
• 28:04
  it it won't, it will be worth something.
• 28:08
  I think we all know that it's kind of worth paper.
• 28:10
  But nonetheless, I digress. The world will continue to
• 28:13
  recognize the dollar as a reserve asset, but that status
• 28:19
  is diminishing, right? That's a proven fact.
• 28:22
  As we've got the major countries of the world selling U.S.
• 28:25
  Treasuries, it's also diminishing from the perspective
• 28:28
  of being a trade currency. Those are two very different
• 28:31
  things that we need to recognize, right, that that
• 28:34
  central banks may hold dollars, right, as a reserve like a
• 28:39
  savings account. But what they're doing is saying
• 28:42
  we don't want to really hold as many dollars anymore.
• 28:44
  We want something else. They don't want each other's
• 28:46
  currencies. What do they want?
• 28:49
  Well, they're going to go to gold.
• 28:50
  And that's exactly what we're seeing from a trade perspective.
• 28:54
  They want to move away from the dollar as well.
• 28:57
  And we're seeing that happen all over the place.
• 28:59
  The Saudis are selling oil from what what we're being told,
• 29:04
  outside of the US dollar. That's a big deal.
• 29:06
  That's called the Petro dollar. We've talked about that a lot.
• 29:09
  So this major shift is going on right now and at the same time,
• 29:16
  right we have Russian economist that are really pushing Russian
• 29:20
  financial financial what would they be called financial
• 29:27
  leaders. I'll go back and go to the L
• 29:31
  word if nothing that are that are pushing right for more of a
• 29:35
  gold back trade settlement currency.
• 29:38
  So you know, it always comes back to it all the free market
• 29:43
  always prevails, always, always right.
• 29:47
  And we know what that means for the price of silver and gold,
• 29:50
  the value of silver and gold. It's it's going to be happening
• 29:55
  and it's going to be very, very crazy as we move through the
• 29:59
  rest of this year. OK, be prepared.
• 30:03
  Everywhere we look, right? We're, we're, we sure we hear
• 30:06
  all this, all this talk about, about, about central bank
• 30:10
  buying, right? We hear how that we know the
• 30:13
  talk about, about the citizens in, in China and India, Vietnam,
• 30:18
  Thailand, everywhere is going gold and silver crazy right now.
• 30:24
  And I just want to remind you, 'cause I do it everyday.
• 30:26
  Basement dweller #1 thank you for being here.
• 30:28
  Please give this a thumbs up. I forgot to beg for that.
• 30:31
  Thank you for the Super chats, thank you for subscribing to the
• 30:35
  channel. Thank you to the moderators.
• 30:36
  I see Annie, I see Jake, and I know that I see Coin Shop Chris
• 30:40
  is on here as well. Hey, don't forget guys, Coin
• 30:43
  Shop Chris has his own YouTube channel.
• 30:46
  He's growing faster than me. What the heck?
• 30:49
  Go check out Coin Shop Chris and subscribe to his channel.
• 30:53
  He's working very hard and he'd appreciate your support.
• 30:57
  But let's get back to some good news, some good, good news about
• 31:01
  silver and gold, right? And I heard the lady, her
• 31:04
  name's, do you know who Gwen? I think her name's Gwen Preston.
• 31:07
  She had a she was a big newsletter, gold and silver
• 31:10
  newsletter writer. She recently became the director
• 31:14
  of investor relations for West Red Lake Gold.
• 31:16
  But I watched one of her like final presentations she gave
• 31:19
  before she kind of got out of the newsletter and she said it's
• 31:23
  it's it's all about China. We can look at all this stuff,
• 31:28
  all this information out there about, oh, why did gold go up?
• 31:31
  Why did silver go up? If you boil it down, it's all
• 31:35
  about China. But what does that mean?
• 31:37
  This is the question I'll pose to you when, and it's not if I
• 31:43
  think it's a win at this point and it's a win for us when this
• 31:47
  happens, when the Western investor just stops hating gold
• 31:53
  and silver, stops selling gold and silver, they don't have to
• 31:57
  love it, right? Rick Rule says that we don't
• 31:59
  need them. We don't need our fellow
• 32:01
  Americans, Canadians, Australians, Western G7
• 32:05
  comrades. We don't need them to love
• 32:08
  silver and gold. We just need them to hate them a
• 32:10
  little bit less. And at that point, guys, it will
• 32:13
  make a massive, massive change to the silver and gold market.
• 32:18
  All right, guys, thanks for being here.
• 32:20
  I appreciate each and everyone of you.
• 32:21
  Have a great day. OK.
• 32:23
  And I will see you soon. Thank you.