Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 $750 Silver 🚨 IS THIS REAL -- (COMEX + Silver Price and GOLD Forecast)
Transcript
- 0:01$46 per oz silver. Do you believe that?
- 0:04What about $75 per oz? We're going to talk about all
- 0:08the reasons why we can expect that in the quote UN quote, near
- 0:12future. How about $750 per oz silver?
- 0:17We've heard a lot of people talk about 600 in the past, but we've
- 0:20got an article that states we could get as high as $750 per oz
- 0:26for silver. And we're going to look at all
- 0:28the reasons why in in this video and there are a ton of them.
- 0:33But the biggest thing that I want to say to you right now is
- 0:36thank you for being here. Thanks for joining me down here
- 0:39in the basement. It's just a cold, dark, lonely
- 0:42basement with me and a couple ounces of silver.
- 0:45If you're not here, seriously, it's a big deal when you join.
- 0:49I want you to feel welcome here. We love it's a great community.
- 0:52We love when you come and are a part of this.
- 0:54Please subscribe to the channel, give the video a thumbs up,
- 0:57leave a comment in the comment section so so we can learn from
- 1:01you, learn about you and super chat.
- 1:04Super thanks. All those great things are never
- 1:07expected, but always appreciated and share the video.
- 1:09Send it to grandma and grandpa or your grandkids, whatever the
- 1:13case may be. But let's dig into this
- 1:15incredible data that is going to show us that we can look forward
- 1:19to even higher prices for each and every ounce of silver that
- 1:23you hold in your beautiful hands.
- 1:25Let's go out to the dude first, do a quick check on the paper
- 1:28markets, right? Has anything changed?
- 1:31This is data as of Friday, where the silver market, the paper
- 1:35silver market traded for, I'm sorry, 548.
- 1:40Whoo, my dyslexia was acting up 548 million oz.
- 1:45Guys, the entire mining sector only produces on an annual basis
- 1:51800 million oz. That's what, 60% or more paper
- 1:56silver traded in one day. That means like basically every
- 2:01two days. Very conservatively speaking, as
- 2:03of recently, every two days the paper market trades the
- 2:08equivalent of an entire year's worth of mining production.
- 2:12And those mines are running seven days a week, 365 days a
- 2:16year. Those those slouches at the
- 2:18Comex and the LBMA, Heck, they only work five days a week, and
- 2:22they get all kinds of holidays. Anyway, the point is, the paper
- 2:25market has manipulated the price of silver for years and years.
- 2:28We know that we won't go down that path because we got so much
- 2:32more that we need to talk about. There's it's crazy all the
- 2:35factors that are adding up right now in the silver market.
- 2:39Next point that we want to look at again from our friend the
- 2:43dude, and he's talking to us now about the short position in
- 2:47silver. He says the total short position
- 2:50in silver now sits at 995 million oz.
- 2:56Whoa, stop. What did we just talk about?
- 2:59The entire mining sector only produces 800 or so million oz
- 3:03per year. That means people have sold
- 3:06short more than one year's worth of production from the silver
- 3:11mining industry. And if you don't know what
- 3:13selling short is, what that basically means is with these
- 3:16derivative products, people sell the silver, OK, thinking that
- 3:23they'll be able to buy it back in the future at a lower price.
- 3:27But what's happened is, as you may know, the silver price has
- 3:31gone up. So what that means is that on
- 3:33each one of those 995 million oz that are sold short, they are
- 3:38all in the loss zone. They have all lost money.
- 3:42They sold that silver. It may be $30.00 an ounce,
- 3:46$35.38, $40 per oz thinking, oh, it's definitely going to go
- 3:51down, then I can buy it back in the future to lower price.
- 3:55All of those ounces are at a loss.
- 3:57That's what they call a short squeeze.
- 4:00OK, when those people all panic and have to buy back at the same
- 4:04time, let's go check out. Since we're here, let's go look
- 4:08and see what the silver price is in China right now.
- 4:12Make sure I got you on the right screen, which I do, OK, And we
- 4:17will go search for our friend the Oriental Ghost and see if he
- 4:24gave us an update on Friday's silver price in China.
- 4:28Here we go. September 26th, the night
- 4:30trading data on the Shanghai Gold Exchange.
- 4:32Shanghai Futures Exchange gold is at all time high silver at a
- 4:38new high. Ling Jing Jing dong.com raw
- 4:43silver skyrocketed overnight by 10% to get to wow $52 per oz.
- 4:50And we're going to look at that a little bit more in detail here
- 4:53in a few minutes. But here are, here's the silver
- 4:56price we're looking at right now in China.
- 4:59And what's so important to remember about this, for those
- 5:03of you who are new, we got a lot of new people.
- 5:06This is the Shanghai Gold Exchange, the SGE, there's AG,
- 5:10that's silver, that's the periodic table symbol for
- 5:14silver. And in U.S. dollars, we're at
- 5:17$47, almost $0.50. But what's critical to remember
- 5:21about this is the fact that this this is more pretty much
- 5:25exclusively a physical market this in China.
- 5:29If you're going to trade silver on the Shanghai Gold Exchange,
- 5:32you have to have the physical metal.
- 5:35Since we're here, let's just see what else we have there.
- 5:39OK, I can't reach. Here we go.
- 5:40Shanghai silver overnight trading 4742 new high.
- 5:45Look at that chart. Wow.
- 5:47Of the upper left corner there that shows that I can't read
- 5:52Chinese, that shows the price of silver for retail people in
- 5:56China. Apparently it's $52 U.S. dollars
- 6:00per oz. I heard that from jd.com as
- 6:03well, which is their equivalent of Amazon.com.
- 6:07And there we go again. OK, all right, let's move on
- 6:11here. And next we are going to look
- 6:14at, oh, this is great. Let me look you in the eyes
- 6:19first, some of the facts. When you just take a step back
- 6:24about silver, I want to give it's incredible, right?
- 6:28The reasons why we can just realize sometimes we have to
- 6:31take a little bit of a step back and look at it from a broader
- 6:34angle. The reasons why the silver price
- 6:37will continue only higher. The one that I love to bring up
- 6:40now on a regular basis is this. That's a 10 oz silver bar from
- 6:45First Mint. That's their Folds of Honor, 10
- 6:48oz silver bar. OK, these 10 ounces of silver.
- 6:51What we can say for sure right now today is that there's less
- 6:56of this on the face of the earth today than there was yesterday.
- 7:00And we've pretty much been able to say that every day for the
- 7:04last five years. If you want to check this out
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- 7:45they've raised through the Folds of Honor and to get there's the
- 7:50bar, they have a couple other Folds of Honor products and
- 7:53again, they make donations First Mint does to the Folds of Honor,
- 7:58First Mint. And there's a video you can
- 8:00watch, a very interesting company, very unique proposition
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- 9:06but I love first met and they've they've been very good to me at
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- 9:11I love. So it's a big honor to have them
- 9:13as a sponsor. But let's go back here and this
- 9:16is great. Another crazy fact about silver.
- 9:20This comes from make Gold great again and we appreciate
- 9:24everything that he shares and and puts out there.
- 9:29Some very insightful here we go, we're live.
- 9:32So we're going to get to the right screen.
- 9:34There we are, we're on the right screen, very insightful.
- 9:37Post silver right now is still 9% away from its unadjusted for
- 9:44inflation all time high as of 45 years ago.
- 9:48So we are still 9% below the all time high that we hit in 1980,
- 9:54but that's in nominal terms that's in 1980 dollars.
- 9:59Since then one U.S. dollar has lost 77% of its purchasing power
- 10:05versus gold. Our debt is now mathematically
- 10:09unpayable and, and but wait, there's more.
- 10:13We use 20% more silver than we produce.
- 10:17Have a nice day. So if we adjust that $50 silver
- 10:22price from 1980 to $2025, right, knowing that the dollars lost
- 10:2877% of his value, we get numbers that are at minimum $150.00 per
- 10:35oz. Some people say as high as $200
- 10:38per oz. It just depends on whose
- 10:40inflation data that you that you want to that you want to listen
- 10:44to now. And we know there's some big
- 10:48things going on in the world of silver, silver from a demand
- 10:51perspective. We know that the demand for
- 10:53silver for industrial uses, batteries, solar panels, all
- 10:57that expanding, OK. We know that investment demand
- 11:01has been muted, but is now starting to pick up.
- 11:04These are the big drivers of demand for silver, OK?
- 11:08Industrial demand increasing, investment demand can really
- 11:12only increase and is already starting to increase from here,
- 11:16OK. And I got some insight into that
- 11:18I'm going to share with you in one second.
- 11:20Thirdly, jewelry, demand for jewelry, silver for jewelry is
- 11:24also expanding. And did you know there's a big
- 11:28reason it never gets talked about, but one in five oz,
- 11:31almost 18% or over 18% of the silver that's used every year
- 11:38comes from jewelry. But if we back up, OK, if we
- 11:41back up and go to the investment side, that's where the real
- 11:45fireworks can happen and can happen very quickly.
- 11:48I'm getting word from some very reliable sources kind of on the
- 11:52retail bullion side of things. It was two or three months ago,
- 11:57everybody was selling silver. They would say, Oh my gosh,
- 12:00nobody's buying silver on the retail level, right?
- 12:03Which is really a significant section, but not huge.
- 12:08But nobody was buying, everybody was selling.
- 12:11Now that has come back into equilibrium.
- 12:15I'm talking to different people, but the, but the, when I
- 12:17aggregate all the information that I'm getting, we're starting
- 12:21to see more equilibrium in that area.
- 12:23If we get a rush for physical silver and don't you fool
- 12:27yourself one minute, do you remember going to your local
- 12:30coin shop? Maybe you're new to silver
- 12:32stacking, but for those of us who've been around for several
- 12:35decades, there have been multiple times when you would go
- 12:38to your local coin shop, even go online and try to buy from the
- 12:42big online detailers. No retailers and you would have
- 12:47to wait weeks and weeks and weeks.
- 12:49They would say oh there's a A5 week wait or six week wait.
- 12:53I went to my local coin shop last time I remember this.
- 12:57They said I had to wait 8 weeks to get silver.
- 12:59God, they wanted me to pay them right away but the silver
- 13:03wouldn't come in for eight weeks.
- 13:05So guys, we could we could see some major changes.
- 13:10We know that the industrial demand is going up.
- 13:13We know the jewelry demand is going up.
- 13:16If the investment demand continues to go up as well.
- 13:20Those are the three horsemen for demand for silver.
- 13:22And then there's that oddball that nobody wants to talk about
- 13:25the precious metal sector and that is demand from stable
- 13:29coins, OK, crypto currencies where you have each coin backed
- 13:34by 1 ounce of physical metal, right?
- 13:37And that can happen. That's already, there's a couple
- 13:39of them out there in the world of silver right now.
- 13:41But is whether this is not a discussion about crypto pro or
- 13:45con, anything like that, just the reality that these silver
- 13:49backed stable coins, and apparently I'm hearing there
- 13:52could be even more of them on the way come into existence.
- 13:56Those, those, those companies that run those coins have to
- 14:00have the silver. They could become another major
- 14:03source of demand for silver just like the ETFs are right now.
- 14:07So it's very interesting. Let's go back to China, man.
- 14:10We got a lot to talk about guys. This is wild.
- 14:13China is controlling the silver market and here is why.
- 14:18This came from Honza Karani. China is pulling the silver card
- 14:22forward while Western traders still celebrate $46 an ounce on
- 14:27COMEX. China is already trading silver
- 14:31above $47.60 and retail buyers on jd.com, here it is again, are
- 14:37paying $52 U.S. dollars per oz for silver.
- 14:43Hold on here, see if I can get this to come up the whole thing
- 14:47cuz he's got a ton of more information in this.
- 14:50OK, yeah, here we go. Daily closes on the COMEX, $46
- 14:56on the Shanghai Gold Exchange 47.
- 14:57Like we looked at jd.com, China's leading the way.
- 15:01Vault, vault flows on the Shanghai Futures Exchange up
- 15:051400 kilograms, on the Shanghai Gold Exchange right down 34
- 15:11thousand, 4434 thousand, 400 kilogram.
- 15:15That's physical silver leaving China's vault and that is strong
- 15:19demand pressure, OK. Meanwhile on COMEX volume
- 15:23exploded to 101.3 contracts, 172% the average.
- 15:31Sure, we're on the right screen there, which we are.
- 15:35That's massive, guys. OK, settlement, 4665 daily high.
- 15:40We almost got to 4752 week high just hit.
- 15:43The West is waking up to the show, but late arbitrage doesn't
- 15:48lie with China leading at 47 to $52.00 an ounce.
- 15:52The West still, the West still have no choice but to follow.
- 15:56Expect higher prices on COMEX LBMA next week as the gap
- 16:00closes. And this comes back to something
- 16:02very important that we've been talking about that shows that
- 16:06that the Eastern countries, China and India are taking
- 16:09control of the pricing mechanism for silver and gold.
- 16:13And that is that shrinking difference between the price of
- 16:16silver in the East and the price of silver in the West.
- 16:20China sets the pace, the West follows and stackers know
- 16:24physical is better than paper. All right, guys, now let's talk
- 16:29about $750 silver. Hey, I didn't say it.
- 16:33Don't throw eggs at me, OK? And I don't think you'll argue
- 16:37with it as well. But there are big reasons, big
- 16:40factors that that we can pull together, right?
- 16:43Take that step back, look at the big, big picture and realize
- 16:46that the silver price could go to heights that we only imagine.
- 16:51This one comes to us from our friends at the Silver Academy
- 16:56and I want to go through this because he he kind of sums up
- 16:59everything and more about what's happening.
- 17:03Silver set to explode, decades of manipulation shattered.
- 17:07True value could soar past $750 as the bricks and money supply
- 17:14math math ignite the rally 6 unstoppable forces, supply
- 17:19deficit, vanishing mines, nationalism, record demand,
- 17:23monetary distortion in China's revolution are about to shatter
- 17:27silver's rigged market and ignite A shockwave reset.
- 17:31OK, let's look at the gold to silver ratio.
- 17:34I checked it before we came on. The gold to silver ratio tells
- 17:39us how many ounces of silver it takes to get one ounce of gold.
- 17:43It has come down as of late. Me look at you while I while I
- 17:47go through this one. OK, But it's dropped down to
- 17:51about 80818283 depending on what prices you you use.
- 17:56However, I want you to still think about this.
- 17:59This is a tube of American Silver Eagles.
- 18:02There's 20 American Silver Eagles in this tube.
- 18:06Would you trade four of these or 80 American Silver Eagles for
- 18:13one ounce of gold? The gold to silver ratio is
- 18:16still way, way out of whack. Crazy, crazy town situation.
- 18:21And if we look historically at where the gold to silver ratio
- 18:25has been, whether we look back 50 years, 100 years, 200, if you
- 18:30go way back, it's even crazier. But to think that it could get
- 18:34to 40 is very, very reasonable. OK, That's happened many times
- 18:39in the past. There's times in the past when
- 18:41it's been as low as 5 to 1, eight to one.
- 18:43If you go back far enough. If we would get a 40 to 1 gold
- 18:47to silver ratio, that would give us a silver price today.
- 18:50Right now is you and I are Speaking of over $90.00 per oz.
- 18:55But let's go back to the article from the Silver Academy and, and
- 18:59dive into some of the fun math. All right, here we go #1
- 19:05structural deficit. They're basically talking about
- 19:07we've had six unbroken years of a structural deficit, meaning
- 19:12that the world is consuming and demanding significantly more
- 19:16silver than it is producing. 6 straight years.
- 19:20We're looking at 1.2 billion ounces of demand projected for
- 19:252025 #2 This is the really interesting.
- 19:30Really, there's a big reason why we want to pay attention to
- 19:33this. The discovery death spiral
- 19:35Silvers vanishing act major new discovery discoveries have all
- 19:40but ceased. Global mine output racked by
- 19:42lower grades, capital expenditure, drought and hostile
- 19:46permitting. Guys, the reality is that if the
- 19:49silver price skyrockets, they're not going to be able to just
- 19:52flip a switch at the mines and create more silver, OK?
- 19:56Because there's been a silver is getting harder to find #1 and
- 20:02because of the fact that the that the silver price was
- 20:06manipulated lower for years and years and years, decades.
- 20:10Some people even say there's been no incentive for anyone to
- 20:14to try to discover new silver or, or to really develop.
- 20:19New mines, it takes even on super warp speed, it's going to
- 20:23take six or seven years to build a new silver mine.
- 20:26And the biggest country in the world that produces silver,
- 20:29Mexico, their political situation there is one that is
- 20:33not very conducive, let's say, to new mines being built.
- 20:38So the idea that suddenly there's going to be a bunch of
- 20:41new silver on the market. I think we talked about this
- 20:44earlier, right? Like when silver was hitting 35,
- 20:48$40 per oz, Americans were running to the to the coin shops
- 20:53and cashing in their silver. That's pretty much done at this
- 20:57point. Hold on, I'm getting a technical
- 21:01error message. We make sure we got this set up
- 21:04right. OK, Hopefully you can still hear
- 21:06me and see me the, the, the bottom line here is there's
- 21:09there's no big massive new supply of silver that's going to
- 21:12come onto the market #3 is Mexico.
- 21:15We just talked about that like need a guys.
- 21:17Mexico's the world's biggest producer of silver and they
- 21:21aren't, they aren't making it easy for new silver mines to be,
- 21:26to be built #4 soaring demand. OK, you know that, right?
- 21:30We talked about that earlier, but let's review investment
- 21:35demand, industrial demand, jewelry demand and that wild
- 21:39card, which is stablecoin demand.
- 21:42All right, let's get to the next one here.
- 21:45Number 5, the old monetary blind spot.
- 21:47That's the whole idea when we haven't talked about it much
- 21:52lately. But you know, the US dollar
- 21:56because of the of the debt situation that we have in this
- 21:59country is in big deep trouble. So if we're going to, if we're
- 22:02going to value, if we're going to use the dollar as the unit of
- 22:06measure to value our silver, which we don't have to use the
- 22:09dollar. We can think of our silver in
- 22:10terms of Oz. But most of us have been
- 22:13brainwashed into valuing our silver based on the dollar and
- 22:18the dollar in real terms, nominal terms, however you slice
- 22:21it or dice it, is in big, big, big, massive trouble.
- 22:25OK, all right, guys. And then China taking over as
- 22:29well. Look, no matter how we we look
- 22:32at it, whether we're going to look at the COMEX, what's going
- 22:34on with the COMEX in the LBMA. And there are weird imbalances
- 22:39going on, the potential for a short squeeze.
- 22:43We're already in a, I'm like, I'll explain what this means and
- 22:47with the reason why it's important.
- 22:48We are already in a short squeeze, right?
- 22:52Not a squeeze, but a drawn out squeeze, a consistent squeeze.
- 22:57That's been happening now it feels like for what the last six
- 23:01months, the potential for a sharp squeeze, right?
- 23:04And the reason why we want the long drawn out squeeze is that
- 23:07it's more sustainable, right? People consolidate, the price
- 23:11consolidate goes up, it goes down, the price of silver will
- 23:15go down some in the future, right?
- 23:16It's not going to go green every single day.
- 23:19But but since we've had this nice steady squeeze, it is, it
- 23:24creates a much stronger base we could have, right, based on
- 23:28what's going on at the COMEX in the LBMA, the data we looked at
- 23:31a sharp spike, right? If that happens, hey, it'll be
- 23:34fun. I'll enjoy it, We all will.
- 23:36But be prepared. What shoots up usually does then
- 23:39shoot back down. However, the reason that's
- 23:42important to talk about is because if it does shoot back,
- 23:45if it does shoot up, let's say we go from, let's say we go from
- 23:48$45 per oz silver to $75 per oz silver.
- 23:54When we come back down, I think we're going to come back down to
- 23:57A, to a higher low, meaning something like around $55 per
- 24:03oz, which would then give us a chance to consolidate even more
- 24:08and, and build higher and higher in a much more sustainable way.
- 24:13All right guys, I'm going to wrap it up for now.
- 24:15I can talk for hours. I really appreciate you coming
- 24:18down here. Please subscribe to the channel.
- 24:20It helps Susie and I as we're supporting the family with our
- 24:24YouTube efforts down here in the basement.
- 24:26It's a big deal when you're here.
- 24:28I also want to say thank you to channel sponsor First Mining
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- 25:01years and years. But please don't forget I'm not
- 25:03a financial advisor. Don't make any purchase or sale
- 25:08decisions of silver, gold mining stocks, anything based on
- 25:12anything that I say. I just share what I believe,
- 25:15right? And I believe we're in for some
- 25:17really great times and I think we're going to do it together.
- 25:20So thanks for being here. Please subscribe to the channel
- 25:23that'll help us and I'll look forward to seeing you.
- 25:26Yes, you. Yes, you next time.