Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⚡$1600 SILVER?⚡COMEX CRISIS & GOLD PRICE SHOCK - Metals Mania Is ON! Precious Metals News UPDATE

Transcript

⚡$1600 SILVER?⚡COMEX CRISIS & GOLD PRICE SHOCK - Metals Mania Is ON! Precious Metals News UPDATE · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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  We are living through historic times in silver and gold,
• 0:05
  precious metals and precious metal mining stocks.
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  We're going to go through many reasons, many examples why we
• 0:12
  can remain excited. It is so hard to stay on top of
• 0:16
  everything that is going on right now.
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  These are historic times. Thank you for joining me for
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  these historic times. It's a big deal when you join me
• 0:25
  down here in the basement. I want you to feel like you
• 0:27
  found a little home away from home.
• 0:29
  You're always welcome down here in the basement.
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  There are a lot of great people in this community, in the silver
• 0:36
  and gold community. Please subscribe to the channel.
• 0:38
  We're almost to 62,000 subscribers.
• 0:42
  These live streams are being watched by 50,000 plus people.
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  That's a good thing guys, because that is bringing more
• 0:49
  people into the precious metals family and as it grows and grows
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  and more and more people come in, that will help the price go
• 0:59
  higher and higher. But most importantly, thank you
• 1:01
  for being here. You're important.
• 1:02
  Leave a comment. Super chat, super thanks, always
• 1:05
  super appreciated, never super expected.
• 1:08
  Let's dig in cuz we got a ton and I mean a ton of things going
• 1:13
  on, big things that we need to cover together.
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  Let's start by doing a quick review.
• 1:18
  Our friend the dude gave us yesterday's paper market
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  numbers. I wonder how many ounces of
• 1:24
  silver traded in the Fantasy Island Deplane Deplane.
• 1:28
  Remember that TV show from the 1980s, right?
• 1:31
  Everything was fantasy. And that's what it is at the
• 1:34
  Comex, where yesterday alone they traded 977,000,000 ounces
• 1:44
  of paper silver. Let's make sure I'm correct on
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  the date. Yep, Friday October 17th guys
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  that is more silver traded in one day on the Comex then the
• 1:55
  entire silver mining industry produces in one full year.
• 2:00
  But what about manipulation? Do you think the price of silver
• 2:03
  is manipulated at the at the COMEX?
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  We know right? A federal courts convicted some
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  JP Morgan traders a few years back.
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  But what about this? This really struck out.
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  King Kong 9888 is super respected in the precious metals
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  community and here's a post he made Tim here's an honest man.
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  Anyone who has an IQ over 100 probably realizes that I don't
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  work in a vacuum. We are sick and tired of the
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  lies and obstification. I say what my supporters can't
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  say. I do what my supporters can't
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  do. I'm happy to spread the truth in
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  this was a a message a tweet from Tim Arundel.
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  He said, I traded on the floor of the CME for 10 years and on
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  the screen for an an additional 10.
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  Had a good run but left specifically because of the
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  manipulations of the markets by the CME.
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  And then Eric goes on to say many industry insiders like you
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  are sick of the BS. Yeah, guys, the paper price of
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  silver is under a ton of stress, but it's been manipulated for
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  years and years. It's made the price of silver
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  and some people argue gold as well to a certain extent, like a
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  beach ball being held underwater.
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  I almost forgot my clickbait thumbnail for this video live
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  stream and thank you guys for joining me live $1600 silver.
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  When that beach ball comes up out of the water, are we going
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  to see $1600 silver and how could we come to such a number?
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  True or false? Let's go take a look at that
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  right now. We will go to a post from Silver
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  D Gen. OK adjusted for inflation, the
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  1980 am I sharing the right screen?
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  Yes, OK, Adjusted for inflation, the 19 eighty $50 silver all
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  time high is actually closer to 1600 dollars.
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  You don't believe anything else the government says, but you
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  believe they're CPI. So what he's saying here is that
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  according to official government inflation data, the CPI, the 19
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  eighty $50 high is closer to $200.00.
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  But if you use shadow stats, if you use the real numbers and
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  he's pointing that out, you don't believe anything else the
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  government says. So why do you believe the CPI,
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  which says that it should be 200 today?
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  If you use the shadow stats number, we come closer to 1600.
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  And darn it, I had the comment down here, somebody asked Rock
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  about that. Who's the the ex artificial
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  intelligence service and Grok basically came back and said
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  yes, that's true. If you use the shadow stats
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  numbers, you get a number closer to $1600.
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  I know it sounds absurd, right? Hey, as I was preparing,
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  stressing out preparing for this live stream, I was looking at
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  what the S&P 500 is right now that's going to become very
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  important later on. It's at what, 6600?
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  I remember sitting down here in 2008 during the financial crisis
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  and seeing the S&P 500 go across the screen at 666.
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  The S&P 500 has gone up 10X in that time.
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  So to think that we can't have incredibly high silver prices is
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  not out of the question. But let's go over to China and
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  check on the price of silver in China right now.
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  Excuse me guys, been doing so many live streams to keep up
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  with everything. My voice instrument is failing
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  me. This comes from the Oriental
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  Ghost. This is the Shanghai Gold
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  Exchange and the Shanghai futures Exchange from China.
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  He provides this data every single day.
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  This is the physical price of silver in China.
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  This has gotten way at times way above, sometimes 1015% higher,
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  but I'm circling it in red. 50, $3.33 We'll check on the spot
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  price in the United States. So that is right now the
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  physical, we can almost call that spot price of silver.
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  You can see right here AG, that's the periodic element,
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  periodic table symbol for silver and that's the Shanghai Gold
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  Exchange in the Shanghai Futures Exchange.
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  And at this point, and this is the SGE, I'll underline that
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  there on the right, $53. Now, there's an important reason
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  why we're keeping an eye on this.
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  Let's go 5333. Let's go out to Kitco and see.
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  OK, the spot price of silver right now is $52.
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  So still the spot price of silver in China is higher.
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  But the, but it's, but it's getting closer and closer.
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  The reason that's important and we know that on the futures
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  exchange, right, the, the COMEX in the LBMA, the price of silver
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  is closer to $50 per oz. That's in backwardation, but the
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  reason why the spot price now in in the West getting close to the
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  Chinese spot price, that is showing us that the Chinese
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  markets, the Eastern markets are taking over and there is a mania
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  for gold and silver right now in those markets.
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  We're going to look at that in a little bit.
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  But first, more incredible data. Hold on here and let's go here
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  because in the West, we are seeing more signs of big
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  trouble. The SLV, right?
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  The ETF, the in the US run by BlackRock, I believe it is that
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  supposedly is backed by real physical silver.
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  This was on Friday. Again, 0 shares available to
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  borrow, very unusual with the cost to borrow spiking.
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  I'll highlight that in blue to almost 20%.
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  Nineteen .0%, nineteen point 19.06%.
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  That's extreme pressure building under the service surface.
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  Shorts are getting absolutely cornered.
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  There's big, big stress in the precious metals markets in the
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  East, guys, but also here in the West.
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  Now this is very interesting. We're I'm going to go out on a
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  limb here, OK, this was as of about 20 minutes ago, the Royal
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  Mint in the UK. The big UK Royal Mint, correct.
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  Yes. OK, explore.
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  Exceptional. All right, let's see what's
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  going on with them right now. I'm clicking on their website.
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  Oh, interesting. Your queue number is no longer
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  valid. Queue numbers are valid for 10
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  minutes. Unfortunately, your new your
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  queue number has now expired. Their website is not letting.
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  Let's refresh it. Well, why is that not working?
• 9:17
  Hold on. Yeah, OK.
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  But basically. Oh, here we go.
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  Get a new place in the queue. Let's try that.
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  I think it happened delayed. Oh, hey, Lloyd, thank you for
• 9:32
  that super chat, my friend, $5. All right, I'll let Susie buy a
• 9:36
  Coke next time we go out to Diet Coke.
• 9:38
  Next time we go out to dinner. Look, thank you for visiting our
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  site, the Royal Mint website. We're experiencing extreme high
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  volumes of traffic. You are currently in a queue.
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  Excuse me. We would like to thank you for
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  your patience and understanding at this time.
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  Guys, really, seriously, I've been playing around on the
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  Internet for 20 years. I've been playing around with
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  precious metals for 20 years. I don't ever remember trying to
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  go into any precious metals oriented website where they put
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  me in a queue because it's experiencing too high of
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  traffic. We are living in historic times
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  for precious metals. It's, it's really, really,
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  really getting to be out of control.
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  Let's go, let's go now. So many things going on a big
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  day. We've, you know, and I
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  apologize, you guys have been been sending, sending me angry
• 10:33
  emails and I'm not showing the US debt clock as often as I used
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  to. We're going to go out and check
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  on the US debt clock because we are approaching 38 trillion.
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  Are we there yet? Is tonight the night that we get
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  the 38 trillion? And no, but we are now at 37
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  trillion, $912 billion of U.S. debt.
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  OK, Hey, the interest on our debt went down a little bit.
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  We're below a trillion, but we're almost at 1 trillion in
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  debt in the federal budget deficit sits at $1.7 trillion.
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  As I have shown you ad nauseam over the years, that creates a
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  debt spiral because of the as the debt goes up, as I move down
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  here, you can maybe see my cursor, the interest expense
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  kind of in the middle left goes up.
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  That makes the budget deficit go up.
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  Excuse me, which makes the debt go up, which then repeats over
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  and over and over. But what we want to look at
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  here, Oh, it's working over on the right side.
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  I'm circling it for you. Another number we keep a real
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  close eye on, the dollar to silver ratio right now sitting
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  at over $12120, right? That means that for each one
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  ounce of silver that's dug up out of the ground, real silver,
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  real metal, right now, there are 1200 U.S. dollars being printed
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  via the M2 money supply. I don't know.
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  I don't think you have to be Albert Eisenhower.
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  Oh no. Did I forget to share the US
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  debt clock? Oh, guys, I did.
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  Oh, shoot. I'm sorry.
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  Basement dwellers, please forgive me.
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  There it is. Hold on now.
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  It's up. We'll go through.
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  That's OK. My lovely assistant upstairs,
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  Susie forgot to tell me that I forgot to share the dead clock.
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  You were looking at that you were waiting in line to get into
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  the Royal Mint. OK, real quickly down here,
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  there's the dollar to silver ratio.
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  I really apologize guys. I'm a one man band and Susie's
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  dealing. We have children.
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  Everything else going on here. There's the 1200 OK up here,
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  upper left corner, I'm circling the national debt, OK.
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  There's the interest expense, almost a trillion and right
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  here, right to right below to the right of the national debt
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  is the deficit. The debt, you can't see that too
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  well anyway, makes more interest expense, more interest expense
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  makes more deficit, more deficit makes more national debt.
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  And that just repeats. That, my friends, is what we
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  call a debt spiral. OK, now, unbelievable.
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  We've been talking a lot about silver and we're going to, we're
• 13:21
  going to talk more about silver, no doubt, but people are talking
• 13:24
  about gold, Gold and silver. Yesterday had a down day.
• 13:28
  We're not used to that, are we? Right.
• 13:30
  But I've got some data that's going to knock your socks off
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  because gold is the granddaddy of precious metals and the price
• 13:37
  of gold on a historic basis, people are saying, oh, it's
• 13:40
  overbought. Oh, it's just and then we're
• 13:42
  going to look at some crazy precious metals mania pictures
• 13:46
  that are going on as well. But the price of gold is not is
• 13:49
  is from a historic basis. We can go multiples, multiples
• 13:54
  hires. Before we do that, I do want to
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  say thank you to channel sponsor right there.
• 13:58
  First mint. They're an awesome silver mint
• 14:01
  in Las Vegas, NV, United States of America.
• 14:05
  What's interesting about them, they're owned by First Majestic
• 14:08
  silver. So First Majestic Keith
• 14:10
  Newmyer's big silver mining company mines the silver in
• 14:14
  Mexico, ships it to their mint first meant in Las Vegas, NV,
• 14:19
  it's transformed into these unbelievable unique world class
• 14:23
  silver bullion products like that one right Susie's favorite,
• 14:27
  the five ounce first mint. You can see the some are the
• 14:31
  logo on there silver bar it goes from the mine to the mint to you
• 14:37
  directly think about it. It's the freshest silver around,
• 14:42
  just dug up out of the ground. But also it never gets touched
• 14:46
  by the Comex or the LBMA. They got wonderful selection of
• 14:49
  products. Now I'm going to show you the US
• 14:51
  debt clock. But next I'm going to show you
• 14:54
  their website. This is their Las Vegas round.
• 14:58
  Beautiful. OK, you're the snake beautiful,
• 15:02
  Year of the Dragon round. Beautiful.
• 15:04
  And also their Buffalo round with the chief.
• 15:07
  Hail to the chief Buffalo round. I love that Indian.
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  If you go to their store section, OK, you can check it
• 15:13
  all out. They have bars, rounds,
• 15:15
  accessories. They also have this.
• 15:17
  I'm going to talk about this for just one second and I'll show
• 15:19
  you the 10 oz Folds of Honor bar.
• 15:22
  They have a special section, the Folds of Honor, and that
• 15:25
  benefits children and spouses of fallen and disabled members of
• 15:32
  the first responder in military communities, and they give these
• 15:36
  these children and spouses academic scholarships.
• 15:40
  There's three products in that line.
• 15:42
  If you scroll, there's a great little video, but then you can
• 15:44
  Scroll down, OK, and there's three products.
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  I'm going to show you that 10 oz.
• 15:50
  Folds of Honor American flag here in a second.
• 15:52
  But guys, look, they have they have made life changing impact
• 15:56
  over $375,000 in donations raised by First Mint, which is
• 16:02
  funded over 75 scholarships. Let me show you, because I was
• 16:06
  able to get my hands on one of those 10 oz Folds of Honor bars.
• 16:11
  This thing is so cool, right? It's the American flag folded
• 16:15
  up. It's a 10 oz bar.
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  It has the first mint logo on the back of it.
• 16:20
  This is heavy. I'm sorry, I can't hold it up
• 16:22
  much longer, Right? You know, anyone out there who
• 16:24
  owns physical silver knows just how heavy, how heavy it is.
• 16:28
  But is gold do gold, right? Gold leads the way.
• 16:33
  So even if you're just a silver guy, I don't own a lot of
• 16:35
  physical gold, OK, I own some gold mining stocks.
• 16:38
  We'll talk about that later, but gold leads the way.
• 16:41
  Itabi Costa, one of the sharpest mines in the precious metal
• 16:45
  sector, brings this up and I'm going to show you guys why we
• 16:48
  can remain to be very, very optimistic about what is
• 16:53
  happening right now overall in the precious metals markets.
• 16:57
  We're going to skip down to this part right here says when priced
• 17:01
  in gold. And then I have a graph to show
• 17:03
  you. The S&P 500 is only now
• 17:07
  retesting levels last seen at the 1929 market peak.
• 17:12
  Let me show you what he means and why this is good news for
• 17:16
  all of us. Let me get my markers out in
• 17:18
  precious metals. If you go back to 1929, this is
• 17:22
  the S&P 500, OK, which is about what, 6600 right now?
• 17:28
  6600 right now in gold terms, right and gold's what, 42143
• 17:40
  hundred. So right now this is where we
• 17:42
  are basically it takes two 1.5 oz 1.57 ounces of oh, I don't
• 17:49
  like the way that looks there we go I'll just circle it. 1.57 oz.
• 17:55
  I don't like that either Boy, oh boy, technical problems today.
• 18:00
  There we go that's going to look better.
• 18:02
  Takes 1.57 ounces of gold to buy one unit of the S&P 566 hundred.
• 18:09
  OK, now you can see the last time we were there is 1929.
• 18:16
  When that number goes down, that means the price of gold is going
• 18:22
  up. We are just now at the peak of
• 18:26
  where it hit, right? Right When the during the 1929
• 18:29
  market bubble, OK, it's gotten a little higher, right What?
• 18:33
  Back in the tech bubble period here, it got a little higher.
• 18:36
  There was a point in time where it took 6 ounces of gold.
• 18:40
  Right now we're at 1.5. But as you can see, let's say we
• 18:44
  get down to this level right here .5 that would be let's see
• 18:51
  if we only need a .5 of an ounce of gold that would make the let
• 18:55
  me do the math here. If we need a .5, a half an ounce
• 18:59
  of gold, wow, that would mean that the price of gold right now
• 19:05
  would be $13,200. So again, right now it takes
• 19:11
  over 1 1/2 ounces of gold to get one unit of the S&P 500.
• 19:16
  If we got this just down to .5 in the S&P state, exactly where
• 19:20
  it is, which is what I think is going to happen.
• 19:22
  I'll tell you a reason why here in a second, right?
• 19:25
  And we got down to .5. That would mean, yes, that we
• 19:30
  would have the gold price at 13,000 $200 and here's why I
• 19:36
  believe we are in for that right now.
• 19:39
  The reality is, let me come back and look at you in the eyes.
• 19:43
  The reality is we are in a dollar bubble right now, a debt
• 19:47
  bubble. We looked at the US debt clock.
• 19:49
  So when, when the poop hits the fan, sorry for my crudeness, but
• 19:53
  when things get really hairy, OK, they aren't going to let
• 19:58
  the, they aren't. What they're going to do is
• 20:00
  devalue the dollar and devalue it hugely.
• 20:04
  They aren't going to let the, the, the, the, it's the only way
• 20:07
  the system survives. OK.
• 20:10
  So the S&P 500 even though we have.
• 20:13
  Massive issues going on and that can stay, will likely stay right
• 20:17
  where it is. It may even go up, but it's a
• 20:20
  dollar bubble. So the value of the dollar will
• 20:24
  go down. We already know guys, this thing
• 20:27
  has gone down in value so much, right just over the last what,
• 20:30
  10 years, 20 years really since 1971 when Nixon took us off the
• 20:35
  gold standard. So to think that we could see a
• 20:38
  $6600 S&P 500 people say, well, the stock markets stayed the
• 20:43
  same even though everything's bad, but your dollars only buy
• 20:47
  half as much. That would mean the price of
• 20:50
  gold could double. And that could easily happen.
• 20:54
  That is not out of the realm of possibilities, right?
• 20:57
  I'm not talking about zombies walking around on the streets.
• 21:01
  Apocalypse. That could happen too.
• 21:03
  Let's all hope that it doesn't. OK, But but they're, they're
• 21:07
  going to keep the system going with everything they can.
• 21:10
  And that will mean money printing.
• 21:12
  That will mean that will mean devaluing the US dollar.
• 21:17
  Not a political statement at all.
• 21:19
  But Trump wants a lower dollar because that's the only way the
• 21:23
  debt could ever get paid off. OK, I went off on a tangent.
• 21:26
  I apologize. Gold and silver mania, mania
• 21:30
  mania. We talked about this during
• 21:33
  every live stream. I know it's one of your favorite
• 21:36
  parts. You got an uncle, right?
• 21:38
  You have an uncle, an aunt. You got a mommy and a daddy.
• 21:41
  And you have friends and neighbors amongst those people.
• 21:44
  Most of them don't give two hoots about gold and silver,
• 21:48
  right? That's OK.
• 21:51
  That makes you and I part of a very elite crew.
• 21:53
  We're like the Navy Seals, OK? The elite military group of the
• 21:58
  investing world. We are like the, the, the, the
• 22:01
  Creme de la Creme. They are starting to wake up.
• 22:05
  There's really starting to wake up all around the world.
• 22:09
  And I'm going to show you some crazy, crazy evidence of that
• 22:12
  next. But on top of that, even in the
• 22:14
  United States, they're starting to wake up.
• 22:18
  We, in a very heartwarming way and very kind way, like to refer
• 22:22
  to those people as the sheeple and they're welcome to join us,
• 22:29
  but when they come, it's going to be absolutely crazy and it's
• 22:32
  happening throughout the world. This stuff is just, to me, just
• 22:36
  absolutely shocking. All right, let's start here.
• 22:40
  Here's a guy, this is interesting.
• 22:42
  Here's a guy who's in Australia, I believe it is.
• 22:46
  And Yep, we got him up. He's more of a crypto guy.
• 22:51
  And I don't really agree with him because some of the some,
• 22:55
  some of the crypto people are saying, oh, gold's in a bubble.
• 22:58
  And when gold, when the gold bubble pops, everybody's going
• 23:02
  to run to Bitcoin. Look, I like crypto.
• 23:05
  I think crypto's cool. And I don't agree with that.
• 23:08
  And it's, I don't think it's the majority of people in crypto.
• 23:11
  But nonetheless, let's listen to what he has to say as he walks
• 23:15
  around the streets of Sydney. These are people lined up.
• 23:28
  Look at the line. Look at this line.
• 23:31
  They call it the queue. The queue to buy gold.
• 23:36
  Wow, look at that guys. Yeah, the guy.
• 23:48
  Yeah. Look at that line, people.
• 23:51
  You don't hear him. Oh, OK.
• 23:54
  All right. Well, I'm having that issue.
• 23:56
  Hold on. Let me come back to you guys.
• 24:00
  All right, I'm going to. Well, anyway you saw that he was
• 24:07
  basically saying those are the line.
• 24:08
  That's a massive line of people lined up.
• 24:11
  I believe that was Australia to get their hands on some gold.
• 24:14
  Let me let me fix something here.
• 24:15
  Everybody stick with me. I got to do something.
• 24:18
  Technically you can watch me struggle.
• 24:19
  Hopefully you can see me and hear me and I need to say thank
• 24:22
  you to the Super chat as well. But give me one second.
• 24:26
  Don't go anywhere, OK, and I'm going to try to re share
• 24:30
  everything. Here we go.
• 24:34
  We'll go back here share. All right, hold on.
• 24:39
  We're back at we're back at first meant we're back with me
• 24:42
  and we're back at first meant OK, all right, hold on here.
• 24:54
  OK, boom, there's that one. Now.
• 24:59
  Hopefully you can see that which you can.
• 25:01
  Now we will go to the next one. Sorry, this is in Vietnam.
• 25:09
  Share this tab instead. Hold on here.
• 25:12
  Sorry, guys. Sometimes the wheels fall off
• 25:14
  the bus and darn it. All right, OK, check this out.
• 25:22
  This is this is metals mania. Unbelievable, unbelievable.
• 25:34
  OK, I know now we'll go to this next one.
• 25:37
  This comes from this is China from David Lee, the Shenzhen
• 25:41
  Shubai Gold Market. This was earlier today, 3:18 PM
• 25:46
  China time, so not too long ago. This place is packed with
• 25:51
  people. Look at what's going on in the
• 25:53
  Chinese market and hold on here. Hold on.
• 26:02
  All right, OK, Now you should be seeing it.
• 26:09
  Start at the beginning. It's 43 seconds long, 43 seconds
• 26:15
  of Chinese precious metals. That's the Chinese.
• 26:24
  That's like, I mean, that's like heaven.
• 26:26
  That's like a whole department store focused on silver and
• 26:28
  gold. I would describe that as
• 26:35
  bustling, not not like the massive lines that we saw, but
• 26:49
  definitely others align. Wow.
• 26:58
  What? I don't I don't know what she
• 27:01
  just said. OK, getting.
• 27:02
  Absolutely. Now there's one big secret
• 27:05
  factor that nobody's talking about.
• 27:08
  Hey, guys, Hopefully you can see me.
• 27:09
  We're having some technical issues.
• 27:11
  I'm having a hard time. The screen is getting crazy on
• 27:14
  my end, so hopefully you can still see me and there's a
• 27:16
  secret factor I saved the best for last that nobody's talking
• 27:20
  about when it comes to precious metals that I think four or five
• 27:25
  years from now you're going to say, hey, you know, I remember
• 27:27
  we talked about that together in the basement after I subscribe
• 27:31
  to Ron's basement. Before I do that, I do want to
• 27:34
  say thank you to 1st Mining Gold.
• 27:36
  That's a stock I've owned long before they sponsored my
• 27:40
  channel. They also help make these
• 27:41
  broadcasts possible. They're a development stage gold
• 27:45
  mining company in Canada. They've 2 huge projects, Spring
• 27:49
  Pole in Ontario and Duke Parquet located in Quebec, which which I
• 27:53
  actually visited a few years back.
• 27:55
  Incredible, incredible stuff. These are big multi million
• 27:58
  ounce, two of them gold projects, gold in the ground.
• 28:02
  They're in the development stage.
• 28:04
  So they're working through the development of these mines,
• 28:07
  they're working through the permitting process, that type of
• 28:10
  thing. But hundreds of millions of
• 28:12
  dollars was spent drilling and determining that this gold is in
• 28:17
  the ground. So they have two multi million
• 28:19
  ounce gold deposits in Canada. It's like, it's like buried,
• 28:24
  it's like having buried gold in the ground when you own that
• 28:27
  stock. You can learn more about them at
• 28:30
  firstmininggold.com. I'm not a financial advisor.
• 28:34
  Any investments, whether we're talking physical, silver, gold,
• 28:37
  precious metal, mining, stocks, real estate, stocks, bonds,
• 28:40
  mutual funds, what else? Crypto currencies Say hi to some
• 28:45
  people. Yeah, I'm having screen
• 28:46
  difficulties, but I will try here at the end.
• 28:49
  That's something technically we're having some issues anyway.
• 28:53
  Just remember, I'm not a stockbroker.
• 28:55
  Always be caught, always be responsible.
• 28:57
  I will give that financial advice.
• 28:59
  Never invest anything and put you or your family in any real
• 29:03
  serious risk. OK, The secret factor, OK,
• 29:07
  whether or not you like crypto, there's one big secret factor
• 29:13
  that could make a massive difference.
• 29:14
  Another source of major demand for the metals, and that's what
• 29:19
  are called stable coins. A stable coin is a
• 29:22
  cryptocurrency where one token is represented by one physical
• 29:27
  ounce of metal. We'll use the example of silver
• 29:30
  or gold. The gold stable coins are really
• 29:33
  taking off. I'm going to show you an example
• 29:35
  of chart here in a second, but there's one called XAUT.
• 29:39
  It's run by the company called Tether that has the USDTUS
• 29:42
  dollar stable coin, massive, massive company and they're
• 29:46
  accumulating millions of Oz of gold to back their stable coins.
• 29:52
  OK, every one of their coins, stable coins, crypto that's out
• 29:55
  there is backed by physical metal in a vault in Switzerland.
• 30:00
  OK, I'm not doing a sales pitch forum or anything like that, but
• 30:03
  it's real. You can check it out and it's
• 30:05
  creating real demand and I believe right if cryptocurrency
• 30:10
  he continues to be adopted like it is these stable coins because
• 30:14
  people in the crypto world actually generally do love
• 30:18
  precious metals. They're very interested in
• 30:20
  silver and gold. It's like we're like siblings of
• 30:23
  the same family. But take a look at this chart.
• 30:26
  And that's why I want you to realize that the the demand for
• 30:30
  stable coins could create massive, massive demand for the
• 30:34
  physical metals as well. This is Nomad who was commenting
• 30:38
  on this post. One of the videos we watched of
• 30:40
  all the people lining up, he said they could buy gold on
• 30:44
  Ethereum without needing to queue at all.
• 30:47
  There's $2.4 billion worth of tokenized gold on Ethereum in
• 30:52
  this chart. Just looks at two of them, one
• 30:56
  of them is XAUT from Tether that I talked about earlier and then
• 31:00
  the darker yellow one is Pax G, which is also a a gold backed
• 31:06
  stable coin. And right now, right at this
• 31:09
  point, there's two. I think this will continue to go
• 31:12
  up and we're going to see the same thing with silver.
• 31:15
  It doesn't matter. I understand everybody's
• 31:18
  entitled to their own opinions, whether you like crypto, hate
• 31:20
  crypto, whatever, but the tokenized version and there are
• 31:23
  some benefits, right? If you listen to what they say,
• 31:25
  if you check, check out XAUTS website, they list the benefits.
• 31:29
  Like, you know, you can basically have your your gold
• 31:32
  and and use your gold, trade it 24 hours.
• 31:35
  There's lower, it's much lower spreads between buying physical
• 31:40
  and selling at a coin shop. I know there's drawbacks too,
• 31:42
  right? Like like if you don't hold it,
• 31:45
  you don't own it, which I totally respect as well.
• 31:48
  The point I'm making though is that is the general population
• 31:52
  and even as crypto people become more interested in silver and
• 31:56
  gold, they're going to they're going to rot rate that's going
• 31:59
  to raise demand for the physical metal because of these tokenized
• 32:05
  gold and silver stable coins. Thanks for being here guys.
• 32:08
  Let me see if I can pull up. I don't know if I I can't.
• 32:12
  Hold on, guys. I'm sorry.
• 32:13
  Hold on. Let me check with Susie.
• 32:15
  Hold on one second. I might.
• 32:17
  Something's going on. Crazy technical.
• 32:19
  Hey, Susie, who was the person who gave the Super chat?
• 32:22
  I can't see comments right now. Name is Lloyd.
• 32:28
  Lloyd. Thank you for the Super chat.
• 32:29
  OK. Did we get 200 thumbs up?
• 32:36
  I didn't hear you over. That's Susie.
• 32:39
  Everybody say hi. 300 likes. You guys are knocking it out of
• 32:45
  the park. And don't forget, subscribe.
• 32:46
  We can get the 62,000. Thank you, thank you, thank you.
• 32:50
  Let me ring the golden gong for continued good fortune in the
• 32:59
  precious metals. We are in for a wild ride.
• 33:01
  I'll be back tomorrow at 11 AM Central.
• 33:04
  I got a lot of interesting things to talk about.
• 33:07
  Let's just say one of the world's biggest investment banks
• 33:11
  is saying some crazy, crazy things about the price of gold
• 33:16
  and the price of gold, right? That is the leader.
• 33:18
  Gold's the granddaddy. But but don't forget also, you
• 33:24
  know, $1600 silver. I've set it down here and I'll
• 33:28
  continue to say it. I think in my lifetime I could
• 33:31
  see a $1600 per oz silver price easy.
• 33:35
  I'm not make, I'm, I'm not, I'm not don't make any crazy bets
• 33:38
  based upon that. But guys, when I look at the big
• 33:41
  picture, when we look at everything going on right now
• 33:45
  and how different things really are right now from 1980, that
• 33:48
  1980, think about this, that 1980 $1600 silver price, OK,
• 33:54
  based on the, on the real shadow stats number, according to Grok
• 33:58
  I, I researched it before I came on 1980, the world was a much
• 34:04
  different place. We didn't have $38 trillion in
• 34:08
  national debt. We didn't have China and India
• 34:14
  becoming really just a larger degree super economic powers,
• 34:18
  but just superpowers all together.
• 34:21
  We did. We had a completely different
• 34:23
  environment in 1980. Heck, we I should have said
• 34:26
  $3200 silver. All right guys, thanks for
• 34:32
  joining me down here in the basement.
• 34:34
  I really appreciate it. Wonderful group of people in
• 34:37
  this community. You take care of yourself, OK,
• 34:40
  And I will see you soon.