Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 Precious Metals 🚨 - EVERYTHING Changed Today for Silver Price and Gold Price!

Transcript

🚨 Precious Metals 🚨 - EVERYTHING Changed Today for Silver Price and Gold Price! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  This is a novelty item. This hear that, see that?
• 0:08
  That, my friends, is real money. We have entered into a new
• 0:13
  phase, a new era, a new weather pattern, a new paradigm for
• 0:18
  silver and gold. We've got the big news to talk
• 0:21
  about, the big major news story. Jeremy Powell gave his speech at
• 0:26
  Jackson Hole. Well, surprise, surprise,
• 0:28
  surprise Sergeant Carter, right? We aren't surprised.
• 0:32
  We knew this was coming. We talked about this back in
• 0:36
  December. Thank you to those of you who
• 0:39
  were with us back then. Thank you to those of you who
• 0:42
  are joining right now, maybe even for the first time.
• 0:45
  Please help us on our drive to get to 40,000 subscribers.
• 0:49
  Subscribe to the channel. You can meet a lot of nice
• 0:52
  people here. You'll get a new piece of
• 0:53
  content every day and we're always talking about silver and
• 0:58
  gold. You can also give this video a
• 1:00
  thumbs up. Super chats are super
• 1:03
  appreciated. What else do we have to talk
• 1:06
  about? There's a lot to cover today.
• 1:09
  The parent company of Facebook made a silver prediction.
• 1:12
  We're going to cover that one. And you're going to like what
• 1:15
  they're saying about the price of silver.
• 1:17
  And on top of that, it's the end of the world as we know it.
• 1:22
  I listen to a guy named Ed Steer last night, an interview that he
• 1:26
  did, and I have some ideas that he sparked in my mind that I
• 1:30
  want to get your opinion on regarding how this all might go
• 1:34
  down for the silver and gold market.
• 1:37
  But this morning, so far, right, we're getting what we expected,
• 1:42
  a much higher price measured in this, right, Remember, and more
• 1:46
  on this later, this my friends, these, it's a novelty item.
• 1:53
  It's paper. You know, some some guy 150
• 1:57
  years from now is going to be sitting in his basement doing
• 1:59
  financial shows and saying this is what happens to all Fiat
• 2:02
  money. It becomes worthless, right?
• 2:05
  And we know it. We know what's going on right
• 2:07
  now. Let's run out and take a quick
• 2:09
  look at what's going on in the silver and gold market because
• 2:13
  as of a few minutes ago, we were doing pretty well.
• 2:16
  We had gold up $24.00, but we're going to press the button here.
• 2:20
  Let's just hope days like this can be weird.
• 2:22
  OK, things have to kind of settle in, but we're going to
• 2:26
  press the button here and OK, Ho ho, where's that horn?
• 2:30
  Here it is. Oh my God, I can't believe I do
• 2:34
  that. How cheesy.
• 2:35
  Nonetheless, gold is up 27 dollars $25.11, silver $29.61.
• 2:45
  Guys, please support channel sponsor Pendex.
• 2:49
  We can't be down here in the basement, right, hanging out our
• 2:51
  little campfire that we're all sitting around talking about
• 2:54
  gold and silver without the support of our sponsors.
• 2:58
  All I ask is that you give them a chance, right?
• 3:01
  Compare what they can do from you from a price perspective,
• 3:05
  right? How many ounces are you going to
• 3:07
  get when you convert whatever amount of Fiat, Unicorn, fart
• 3:11
  dust, paper money, novelty items that you want to convert?
• 3:15
  How many actual ounces of silver, gold or platinum are you
• 3:18
  going to get? Compare that to the other big
• 3:20
  online bullion dealers. You're also going to find great
• 3:23
  selection in a company you can trust at Pinbecs.
• 3:27
  And if you ever decide to convert part or Alban IRA to
• 3:30
  silver or gold, please please, please I beg you.
• 3:35
  If I save just one of you from some of these other companies
• 3:38
  out there in the IRA sector, which there's no other way to
• 3:41
  say it, they rip people off. If I save just one of you from
• 3:46
  from falling victim to that, please compare what Pinbecs can
• 3:50
  do for you on a per oz basis. I know, I know.
• 3:54
  But you need to find out for yourself that you'll be you'll
• 3:58
  be impressed. I'll leave it at that.
• 3:59
  Let's let's go back and say, hey, hey, you know what?
• 4:06
  It's a big deal. You're here.
• 4:08
  And then we're going to dive in. We're going to dive into what
• 4:11
  went on with Jeremy Powell, now our old friend Jerome Powell
• 4:14
  from the Federal Reserve. And we're going to talk about
• 4:16
  the doom and gloom scenario that we're faced with and this
• 4:22
  Facebook meta AI silver prediction.
• 4:26
  But first, I want to say again, thank you for being here.
• 4:29
  On top of everything else, I want you to know that you are
• 4:33
  important. There's just one you, you have a
• 4:35
  head on your shoulders, right? We want to hear from you.
• 4:38
  Leave a comment in the comments section.
• 4:40
  We're going to talk about a couple of viewer comments later
• 4:43
  in the show. But I want you to participate,
• 4:46
  please, right? You're part of a community.
• 4:48
  I hope you feel like you know that you belong here.
• 4:51
  Maybe you found a little home away from home, an escape from
• 4:53
  the Monday. Now let's talk about what
• 4:55
  happened this morning with Jerome Powell.
• 4:59
  Look at the headline. The Powell pivot is complete.
• 5:04
  Gold, stocks, Bitcoin and bonds surge as the Fed chair says,
• 5:09
  quote, it's time. The time has come for policy to
• 5:13
  adjust. Now those of you that were down
• 5:16
  here with me six months ago, eight months ago, my gosh,
• 5:19
  December, that's when we predicted that we would have
• 5:23
  $2500 gold by May, which we came very close to achieving because
• 5:27
  we had believed at that point that the weather pattern had
• 5:30
  changed. We're kind of in phase two like
• 5:33
  you and I were way ahead of the curve.
• 5:35
  We're in kind of phase two now where more of the how do I do
• 5:40
  that? The sheeple are waking up to
• 5:44
  what's going on, right? And they're going to come
• 5:46
  running to silver and gold, but we've not even really started to
• 5:51
  feel the main meat of the number of people they're going to come
• 5:55
  into the silver gold market. And guys, it is, it is, it is.
• 6:00
  It's going to be incredible because if it plays out, don't
• 6:03
  make any financial decisions. I'm just giving you my opinion.
• 6:06
  But if it plays out the way that I could see it playing out when
• 6:10
  the when the average people start to get worried about the
• 6:14
  value of their novelty item U.S. dollars and want to move to real
• 6:19
  assets, it's such a tiny market. It's going to be relatively
• 6:24
  speaking, right? Like, compared like, like you're
• 6:26
  talking, the amount of physical silver that's out there for the
• 6:30
  average person to get their hands on is not a lot.
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  OK, We know it can get wiped out quickly, so it's going to be
• 6:36
  fun. The Wall Street Journal's Niki
• 6:38
  Leaks. That's Nick Temaros.
• 6:41
  He's the the mouthpiece for the for the Fed.
• 6:44
  He's the one that said the Powell pivot is complete.
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  Powell was dovish across the board.
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  Surprise, surprise, surprise from the same stage where he two
• 6:54
  years ago signaled the Fed would accept a recession as the price
• 6:58
  of restoring inflation, the labor markets cooling, It seems
• 7:02
  unlikely that the labor market will be the source of elevated
• 7:05
  inflationary pressures. Yeah, that's because those
• 7:09
  818,000 people that supposedly got jobs over the March of 2023
• 7:15
  through March of 2024 period. Those 818,000 people with make
• 7:20
  believe jobs from the Bureau of Labor and Statistics, they don't
• 7:26
  have any money. They can't even go to the dollar
• 7:28
  25 store. Jerome.
• 7:29
  So yes, OK, we're not even going to spend much more time talking
• 7:33
  about this. We expected it.
• 7:35
  We know exactly what is happening out there.
• 7:39
  There's nothing the Fed can do right Here he is.
• 7:43
  We'll quickly review. Yes, everybody say hi, Jerome.
• 7:47
  OK, he's in a box. He's got a recession on one side
• 7:52
  and inflation on the other. And the solution for us is quite
• 7:57
  simply, as always, this right silver, that wrong way silver.
• 8:03
  Let's try that again. Who doesn't love silver?
• 8:06
  You put it in the box and Jerome freaks out, right?
• 8:09
  Because it's their enemy. It's the enemy.
• 8:12
  But the day of reckoning is near, OK?
• 8:16
  Everybody's all hyper focused on this inflation rate thing that's
• 8:19
  a, that's at this, I'm sorry, inflation rate and more
• 8:22
  importantly, the interest rate. It's critical for us to
• 8:26
  understand it's all smoke and mirrors.
• 8:28
  It's all synthetic, right? The underlying problem right
• 8:32
  now, the two big issues right now, the amount of debt that the
• 8:37
  United States has, which is untenable, unmanageable, right?
• 8:41
  And the fact that the world is changing.
• 8:44
  We are in a new I, I hope you can, I hope you can be OK with
• 8:48
  this silver and gold investors because we've been beat up
• 8:52
  pretty bad. But you know what things are
• 8:54
  getting way better. The environment for silver and
• 8:57
  gold, the underlying support factors are there and we're
• 9:01
  going to have a good run, I believe right?
• 9:03
  Don't forget we had a 10 year run in the silver and gold price
• 9:06
  from 2001 to 2011. Silver went up by 10 times
• 9:11
  during that period. OK, right now.
• 9:14
  Oh, this is interesting. Did you know?
• 9:15
  OK, let's talk about 1980, when the price of silver hit $50 per
• 9:21
  oz, $50.00, right In today's money, that's $200.00.
• 9:25
  But I want to go out to the United States Treasury and share
• 9:28
  something with you. Uh oh, did I lose it?
• 9:33
  Here we go. Here it is, here it is.
• 9:35
  No, that's not it. Hold on.
• 9:37
  We're going to go to Treasury Direct.
• 9:39
  This is the website for the US Treasury, The History of debt.
• 9:43
  So according to the United States Treasury, and let's go
• 9:46
  here to the post war period and we're going to zoom down.
• 9:57
  Where was it? Uh oh, not prepared for Class
• 10:01
  19601980. Here it is by 1980.
• 10:09
  I had no idea this was the case. In 1980, total federal debt
• 10:15
  stood at 915 billion. OK, not even $1 trillion, an
• 10:21
  increase of 532 billion since 1970.
• 10:26
  Guys, in 1980 when we had $50 silver, we had less than $1
• 10:33
  trillion in debt. Does anybody remember, do you
• 10:37
  remember what the national debt is now?
• 10:40
  Because back then, right, it was less than a trillion.
• 10:44
  I don't. Let's see if we, Oh yes, $35
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  trillion now, only about 37 times higher than what we were
• 10:56
  where we were in 1980. This is why whatever Jerome says
• 11:00
  doesn't mean anything, OK? This is being monetized as we
• 11:05
  speak, in my opinion. OK, I'm hearing people talk
• 11:07
  about the bond market and who's buying all these bonds come down
• 11:11
  here, right? We're going to pay closer and
• 11:13
  closer attention to this. The interest alone that we're
• 11:17
  paying on our debt right now is more than we spend on National
• 11:22
  Defense. It's not workable.
• 11:24
  Essentially, the United States is in a situation where we're
• 11:29
  paying off our credit cards with other credit cards, right?
• 11:33
  And that doesn't work. Everybody knows that.
• 11:36
  Something else interesting. I want to draw your attention
• 11:38
  too quickly because we've been paying very close attention.
• 11:41
  Oh, here it is. OK, I was wrong.
• 11:44
  I would swear that, oh, paper. OK, the dollar, the dollar to
• 11:48
  silver ratio. We, we, we hit a milestone #450
• 11:52
  yes, for each one ounce of silver that is created or mined
• 11:57
  each year, each one ounce of silver, there's now 450 US paper
• 12:03
  Unicorn fart dust novelty item. That's a new one, guys.
• 12:08
  Novelty item dollars being created, Unbelievable,
• 12:13
  unbelievable. And I want to, I also want to
• 12:17
  point out here, when we look at where did it go, here it is when
• 12:22
  we look at the national debt, OK, it was just a few in just a
• 12:25
  few weeks, right? We've added $250 billion in debt
• 12:31
  in just a few weeks, OK, 250 billion.
• 12:36
  Remember, in 1980, the total debt was 900 billion.
• 12:42
  The total debt. So in like the matter of 3-4
• 12:46
  weeks, maybe even two weeks, we've added almost 1/3 of what
• 12:50
  the total national debt was back then.
• 12:52
  You heard me say it the other day, and I'm going to say it
• 12:54
  again. I listen to about 3 minutes of
• 12:58
  Michelle Obama's speech at the Democratic National Convention.
• 13:02
  I like to call it the Mickey Mouse Club.
• 13:04
  But nonetheless, and it's not a political show.
• 13:07
  I'm not. I'm not showing favorites.
• 13:09
  OK? I would never do that.
• 13:11
  But she talked about how there was magic in the air.
• 13:14
  There's magic. There's magic in the air.
• 13:17
  And I'm thinking, I wish somebody could have pulled up
• 13:19
  the US debt clock on a big screen behind her.
• 13:23
  And I could have got, we could have got on you could have got
• 13:25
  on there with me and said, we better hope you got some magic,
• 13:28
  Michelle, because you're going to need it with this situation
• 13:31
  up here. Nobody's talking about it.
• 13:33
  Nobody, nobody. OK, how are you today?
• 13:40
  Hey, let's go back out. I've been forgetting to do this.
• 13:43
  I promised you guys that we would do this.
• 13:47
  Come on, pin backs, magic button.
• 13:49
  We're going to press it. And if it if it keeps going up,
• 13:51
  if we get if we're if gold is what we'll focus on is up more
• 13:55
  than $27.00. We will come back again.
• 13:58
  OK, baby, where'd it go? Woo Hoo, it's the second horn
• 14:04
  hawk of the day. We'll come back and check on
• 14:06
  that one later as well. Man, the metals are doing good.
• 14:09
  Who would have thought? Who would have thought that real
• 14:12
  money that our that our founding fathers put in the US
• 14:15
  Constitution. All those guys that were really
• 14:18
  trying to set out a fair level playing field for everybody.
• 14:21
  Who would have thought? Go read the book The Wizard of
• 14:24
  Oz. It's all about silver and gold.
• 14:27
  We're on fire. We got a lot to talk about.
• 14:29
  Let's just for fun, the parent company of Facebook, who doesn't
• 14:34
  like Facebook. I've kind of I've kind of, I
• 14:39
  don't know about you, I've kind of floated away from Facebook,
• 14:41
  but nonetheless, meta, OK, They listen to this prediction that
• 14:45
  they come out with for silver. You're going to like it.
• 14:48
  Speaking of silver, man, we are rolling this morning.
• 14:51
  That's the six. That's a 10 oz Coca-Cola silver
• 14:54
  bar, 5 oz in the middle and one ounce on the right.
• 14:59
  There's a link in the description of this video where
• 15:01
  you and they were donated by PMBEX.
• 15:03
  It's a PMBEX giveaway that'll be next weekend, August 31st, But
• 15:07
  for now, let's talk about Meta Meta AII need to give credit
• 15:12
  where I got this information from the Silver Phoenix Meta AI
• 15:16
  predicts silver price for 2025. There's a couple Nuggets in here
• 15:19
  guys. Thin Bold as Llama 3.1, the AI
• 15:25
  model for Meta Platforms. Again, that's the company that
• 15:27
  runs Facebook and they got a lot of money to share information
• 15:31
  regarding the potential price performance of silver in 2025 as
• 15:35
  well as a specific silver price range predictions from the
• 15:40
  standpoint of of yesterday, August 22nd, as it happens, as
• 15:46
  it happens, Meta's AI platform. Hold on here.
• 15:49
  Why is this There we go Metas platform is drawn upon available
• 15:54
  predictions by analysts like Keith Neumeyer.
• 15:57
  He's really not an analyst. He's the CEO of First Majestic
• 16:00
  Silver and AI powered predictive models such as those used by
• 16:04
  Price Vision to set the potential in purple price of
• 16:10
  silver in the estimated range of between 30 and $55 by 2025.
• 16:16
  We like the sounds of 55. Specifically, according to Llama
• 16:20
  3.1 information Newmeyer is predicting, you know, his triple
• 16:26
  digit silver eventually. Reuters has the price of silver
• 16:30
  set at $30 per oz in 2025. They may need to update that.
• 16:35
  Whereas Price Vision expects $48 per oz by mid 2024.
• 16:41
  I think you missed that one fellas.
• 16:42
  Or mid 2000, 25, hey, we'd be cool with that.
• 16:46
  We know already US basement dwellers that by Christmas we
• 16:50
  are going to see $44 silver. That is my truth.
• 16:55
  That could absolutely be wrong. So don't make any financial
• 16:59
  decisions based upon that. But I believe we will see $44
• 17:04
  silver by Christmas. And I think that I think that US
• 17:08
  basement dwellers together, we're a little smarter than than
• 17:12
  Llama AI. Do me a favor while we're going
• 17:14
  through this, say yes or no in the comments.
• 17:17
  Do you think, do you believe that we could see 44 dollars
• 17:20
  silver by Christmas? OK, then they talk about this
• 17:25
  guy Kevin Brombraw. We covered him already.
• 17:27
  He's talking about the new Samsung battery, the new
• 17:31
  solid-state Samsung battery that would that would lead to about 1
• 17:34
  kilogram of silver being in each car, each electric car.
• 17:38
  Brom Bra believes that silver could reach its all time
• 17:41
  inflation adjusted high of $200.00 per oz in the next 10 to
• 17:47
  15 years. Based on its 10 to 15 years.
• 17:50
  What how about 10 to 15 months based on its historical demand
• 17:54
  and price behavior, He says all you got to do is look back at
• 17:58
  the 70s. OK, crazy.
• 18:00
  I don't know guys, I'm, I'm I'm going to beat this more and more
• 18:04
  crazy right? What is that?
• 18:06
  It's a 7 times increase in the silver price.
• 18:09
  Don't forget from this was not not very long ago.
• 18:13
  I know you were alive. I was alive from 2001 to 2011.
• 18:18
  The price of silver went up by 10 X 10 times.
• 18:22
  Yes, in 2001, regrettably, we could have bought silver for
• 18:27
  less than $5 per oz and it's spiked to a high of at or near
• 18:31
  $50.00 in 2011. We missed the boat, although a
• 18:36
  lot of us got in like myself. I started stacking silver
• 18:40
  subsequent to that and when silver was 1618 even 22.
• 18:45
  Can you believe this? Think about this, back in
• 18:48
  February, 6 short months ago, I'm going to quiz you here,
• 18:54
  where was the silver price? If I'm correct, it was around
• 18:57
  $22.00 per oz. I bought a couple tubes of
• 19:01
  American Silver Eagles for like $26 each.
• 19:05
  I remember specifically because I talked to Coin Shop Chris and
• 19:10
  I said, weren't they selling American Silver Eagles?
• 19:12
  Remember that little quote UN quote, that micro banking crisis
• 19:16
  that we had back in? That was what about 16 months
• 19:20
  ago, 14 months ago and they were the premiums on American Silver
• 19:24
  Eagles were like $20.25. People were paying some
• 19:29
  everything. I'm buying these eagles for half
• 19:31
  of what people had spent. Like I don't know was that a
• 19:33
  year earlier at that point? Coin shop.
• 19:36
  Chris, man, that guy, he is a great source of information and
• 19:41
  I we've got some great news for you that don't know this yet.
• 19:45
  Coin Shop Chris has now started his own YouTube channel.
• 19:47
  You can go to the YouTube search bar when you're done listening
• 19:50
  to this of course, and type in coin Shop Chris.
• 19:54
  He puts out a piece of content every day and it's he's more
• 19:57
  focused on coins and stuff like that, whereas I'm more macro big
• 20:02
  picture, but we both overlap quite a bit as well.
• 20:05
  He's a great friend, a great friend of the channel.
• 20:07
  Go check out Coin Shop Chris. OK, back to the show.
• 20:12
  And there's a chart of silver, blah, blah, blah.
• 20:15
  OK, 500 people. Wow.
• 20:23
  You know what that means, right? You know what that means, guys?
• 20:26
  That means more and more people like you are coming into the
• 20:30
  silver and gold lifeboat. But what we know is that the
• 20:34
  lifeboat can only hold so many people.
• 20:37
  There's a few seats left, OK, but but soon the boat will be
• 20:41
  full and it will sail and they'll be people that are
• 20:44
  looking to get their hands possibly.
• 20:46
  I'm not, I could be wrong on precious metals and there will
• 20:49
  be none to be found. OK, that's what's going on.
• 20:53
  Record gold prices, silver price going up the way it is.
• 20:58
  That's less about gold and silver and more about the fact
• 21:03
  that the US dollar, the Euro, the yen, any currency is going
• 21:07
  down the tubes for years. Remember, this has been going on
• 21:10
  for like the last 2-3 years. The price of gold was hitting
• 21:14
  all time highs in Australia, Japan, China, India, everywhere.
• 21:21
  Guess what, guys? What does it tell us now that
• 21:25
  it's happening in the United States of America?
• 21:28
  You know what it's telling us that we're moving into a new era
• 21:32
  just at a time, as we've already discussed, that the wheels are
• 21:37
  falling off the bus. Now, Ed Steer, right?
• 21:40
  This guy, he's, I heard him say he was born in 1948.
• 21:43
  He's been following silver and I imagine gold as well, right?
• 21:48
  For decades and decades. I listened to an interview he
• 21:51
  did last night on Capital Cosm and I have some notes here.
• 21:55
  I want to I want to mention that because I'm not saying
• 21:58
  necessarily anything he said word for word, just he sparked a
• 22:02
  lot of these thoughts and he is a super smart guy.
• 22:06
  Take a deep breath because this might be a little scary, OK, But
• 22:10
  that's all right. You know, we're, we're in this
• 22:12
  together now, aren't we? Aren't we?
• 22:15
  Don't forget to subscribe, please.
• 22:17
  That would help the channel and give this a thumbs up.
• 22:19
  Ed Steer is the day come. OK?
• 22:22
  There's no way out of the current financial situation, OK?
• 22:25
  The dollar is losing value, but there's gonna be an event,
• 22:29
  right? There's gonna be a reset.
• 22:31
  OK. And it's either going to be
• 22:33
  planned or forced by circumstances.
• 22:37
  And, you know, they do these things under the guise of
• 22:40
  crisis. Maybe it's something to do with
• 22:42
  war. Do we have any war going on
• 22:44
  right now? Unfortunately, yes, we know we
• 22:46
  do. Maybe it's a health crisis.
• 22:49
  Maybe it's a, and maybe it is just all coincidence.
• 22:52
  I'm not saying I'm not accusing anyone of anything.
• 22:55
  But it's interesting how a lot of times these big events take
• 22:59
  place and coincide with other big events, and we're talking
• 23:03
  about a reset and a reset in the value of gold and silver.
• 23:07
  He mentions like waking up potentially 1 morning and being
• 23:11
  potentially OK being shocked by the price of silver, the price
• 23:16
  of gold, It will happen very quickly.
• 23:20
  I mean, we already know that when silver moves and especially
• 23:23
  when those silver mining stocks and I'm waiting when they move,
• 23:27
  they move quickly. Now would be a good time for us
• 23:30
  to go check on the gold and silver price because there are
• 23:33
  there are movements we could don't, don't be shocked if this
• 23:37
  is one of those days where gold doesn't go up as much as we
• 23:40
  thought it was going to her silver or it could go even
• 23:42
  higher. But let's run out there right
• 23:44
  now and do an update. We were at $30 up and now we're
• 23:50
  at 31. Oh man, I got to do it again.
• 23:53
  OK, we're on A roll that's three times every time, every time we
• 23:59
  check. And if the price of gold keeps
• 24:01
  going up, we're going to keep track and see what the record
• 24:04
  is. So far, we're at 3:00 and the
• 24:08
  price of gold keeps going up. Basement dwellers, you're doing
• 24:10
  a good job. Man.
• 24:12
  What a big privilege that you are here.
• 24:14
  OK? And don't forget, leave a
• 24:16
  comment. I'm gonna talk about a couple
• 24:17
  comments A little later. We're gonna talk about.
• 24:20
  I got we got a lot more to cover.
• 24:22
  Let me stay on track. Thank you for dealing with me.
• 24:26
  World debt levels are out of control.
• 24:29
  Yeah, $315 trillion. They're the only way they can be
• 24:33
  paid. Shadow work.
• 24:34
  Thank you for the Super chat, my friend.
• 24:36
  Super sticker. The only way that they can get
• 24:39
  paid back is by default or debasement.
• 24:44
  Not this basement debasement. They aren't going to default.
• 24:48
  What they're going to do, they're going to debase the
• 24:50
  currency, which is a fancy way of saying devalue.
• 24:54
  What's that word I'm looking for, Darn it?
• 24:58
  When you water something down, they're going to water down the
• 25:02
  currency. Dilute or get my brain checked
• 25:06
  none the less, that's what they're going to do.
• 25:08
  They're going to inflate it away.
• 25:10
  That's why really what Jerome Powell's talking about today and
• 25:13
  interest, everybody's so hyper focused on interest rates.
• 25:16
  He knows inflation is coming. We're going to talk about this.
• 25:20
  What to expect with inflation in a little bit, it's going to
• 25:23
  wipe. They could leave interest rates
• 25:24
  where they are, right? Inflation goes back to 1015% and
• 25:28
  it will, right, guys? Gold, gold and silver know this,
• 25:34
  right? They're the smartest, oldest
• 25:36
  markets in the world. They know this.
• 25:39
  They just don't look around the corner.
• 25:41
  They look around two corners. They know that it's coming, OK?
• 25:45
  the Fed and Western governments have been fight.
• 25:47
  This is important, the manipulation of the gold and
• 25:50
  silver price. the Fed and the gut and the Western governments
• 25:53
  have been fighting gold and silver for the last 50 years,
• 25:58
  OK? They are the enemy.
• 26:00
  OK, This thing, where'd it go? These things, this these things
• 26:06
  paper right? The only way they work right is
• 26:09
  with confidence. Con with the con job.
• 26:13
  They hate. They hate this.
• 26:17
  Let's hear it. I think I can play Jingle Bells,
• 26:20
  right? But this they hate this, right?
• 26:22
  They hate real money. They hate it.
• 26:25
  They hate it, OK? But the forces of nature and
• 26:32
  silver and gold, some people call it God's money, whatever, I
• 26:35
  mean natural money, whatever you believe is fine with me.
• 26:39
  I don't care. But the forces of nature, right?
• 26:41
  They can only hold the beach ball underwater for so long.
• 26:44
  You can only pull off a con job for so long, OK, the big
• 26:49
  commercial banks. According to Ed Steer, there's
• 26:52
  eight big banks, 8 big traders that hold down the gold price
• 26:56
  and eight big traders that hold down the silver price, He said
• 27:00
  we would have unbelievable high prices if it wasn't for those
• 27:04
  big eight traders. He said if they went away for
• 27:07
  two weeks with their short positions that we'd be shocked
• 27:12
  at how high the silver and gold price would go and how high they
• 27:17
  are going to go. OK, so what's happened is
• 27:23
  because they've artificially kept especially silver, the
• 27:26
  price of silver down, it's discouraged investments in that
• 27:30
  area, discouraged your neighbors from investing in silver,
• 27:34
  although they are starting to wake up, but also discouraged
• 27:38
  businesses, mining companies for investing, right?
• 27:41
  We know that we've covered that ad nauseam, OK.
• 27:45
  And and and only made the supply demand dynamic more favorable
• 27:50
  for big price moves. There's not going to be a big
• 27:52
  supply of silver. Sorry, Charlie.
• 27:55
  It's just not going to happen. When the price of silver, he
• 27:58
  says it, everybody's saying this.
• 28:00
  I talked with Philip Streibel from Blue Line Futures.
• 28:04
  I got an interview with him coming out.
• 28:06
  That guy's smart, OK? I got an interview with him
• 28:09
  coming out this afternoon. He talks about this 35 to 50.
• 28:13
  Everybody's talking about it, OK?
• 28:16
  And Ed Steer says it as well. You're going to see a massive
• 28:18
  wave of new people coming into silver.
• 28:21
  You're going to be the most popular.
• 28:23
  You're going to be even more. How does how's it going to feel
• 28:27
  for you to be as a silver stacker, a gold investor?
• 28:30
  You're going to be, if it's possible for you, you're going
• 28:33
  to be even more popular amongst your friends, family, and
• 28:36
  neighbors because everybody's going to realize that you, my
• 28:40
  friend right, took the time to understand what's going on in
• 28:44
  the world. You didn't sit around and watch
• 28:46
  Naked and Afraid or some home remodeling show or anything like
• 28:50
  that. No, you dug in, right?
• 28:52
  You put the time in. So be ready.
• 28:54
  Be prepared for that. Be prepared for a wave of
• 28:56
  popularity. The silver just does not exist.
• 29:02
  Here's the thing, they keep winding up the spring.
• 29:06
  You ever have one of those? Here, I'll show you this.
• 29:09
  I won't cry. I don't think I'll cry.
• 29:11
  This is my dad's toy when he was a little boy.
• 29:15
  OK, there's a there's one of my credit cards.
• 29:20
  Good luck with that one. This is my dad's toy for when
• 29:24
  he's a little boy. All right, This is the silver
• 29:26
  price. This was like a 19, probably a
• 29:28
  1945. It's made in Japan.
• 29:30
  Says on here somewhere, somewhere United States.
• 29:34
  Anyway, if you wind this sucker up, OK, hear that, hear that,
• 29:42
  hear that, right? They keep winding it.
• 29:46
  They keep winding the silver price tighter and tighter and
• 29:49
  then right, it goes running. And that's exactly what we're
• 29:53
  going to have in store. It'll happen quickly.
• 29:58
  How much longer I want you to think of this?
• 30:01
  It's a fake, phony, artificial system.
• 30:04
  We know that. We've determined that.
• 30:06
  OK. Everything is synthetic.
• 30:08
  We know Extras Pyramid. You want to go look at Extras
• 30:10
  Pyramid? Let me see if I can bring it up
• 30:12
  as we talk about this. We know that it's fake.
• 30:17
  Phony. Hold on.
• 30:21
  Hey, there's the price of silver in Argentina.
• 30:24
  What's? Hold on one second.
• 30:26
  Susie's yelling something. You're not yelling.
• 30:30
  OK, What are you doing? What?
• 30:34
  Oh, we got 200 thumbs up. All right.
• 30:37
  OK, that's what we can expect that that might be in the chart
• 30:40
  of silver in U.S. dollars before we know it.
• 30:43
  Right. OK, now let's go there.
• 30:46
  There's the gold price versus the mining stocks.
• 30:48
  We'll save that one for another day.
• 30:49
  This is Extra's pyramid right there.
• 30:53
  OK, Everything rest on the real money, gold and silver.
• 30:57
  Everything else is just absolutely synthetic make
• 31:01
  believe, right? And it's multiple.
• 31:03
  I mean, unbelievable how much debt they've created, how much
• 31:07
  paper money, how much derivatives, all this stuff,
• 31:10
  it's all fake. It's all phony.
• 31:12
  And it all rest on a little base of silver and gold.
• 31:16
  Now that's not this is not according to us.
• 31:18
  We didn't create this extras pyramid.
• 31:20
  No, John Extra created the pyramid.
• 31:23
  He worked for the New York Fed. He only died like 20 years ago,
• 31:26
  The New York Fed. This was his concept.
• 31:30
  And it's real. It's true.
• 31:31
  Why do you think when you look at this, why do you think the
• 31:35
  world central banks might be buying record amounts of gold?
• 31:40
  Yeah, right. Makes us think about it.
• 31:43
  How much longer can they kick the can down the road?
• 31:48
  And this is where it gets very important for us to understand
• 31:50
  because the can went from being think of an empty beer can,
• 31:55
  aluminum beer can. You can kick that thing really
• 31:57
  far, right? That was maybe the the tech
• 32:00
  bubble. When it burst, they kicked it
• 32:02
  and they printed some money. They made everything OK.
• 32:05
  But then what they do, what was the next thing, right?
• 32:08
  Well, let's say the great financial crisis of 2007, 2008.
• 32:12
  Well, they had to kick the can again, but the can got a little
• 32:14
  bigger this time. It was like a 5 gallon bucket.
• 32:17
  You ever try to kick one of those?
• 32:19
  If you're careful, you can kick it, right?
• 32:22
  But it's a little harder. What was next after that?
• 32:26
  The, the, the, the, the, the health crisis, we'll call it
• 32:29
  back in what 2020 wasn't time flies, right?
• 32:34
  The can got a lot bigger and they really kicked it.
• 32:36
  They put all their might into it.
• 32:39
  It became, you know, it became like a one of those big plastic
• 32:43
  garbage cans right here. Let me show you became one of
• 32:50
  these. Can you see that right?
• 32:52
  That was the that was what they did when they printed kicked,
• 32:58
  when they printed record amounts.
• 33:03
  You're my pride and joy. By the way, record amounts of
• 33:05
  money like what 40% of the US dollars that were ever created
• 33:09
  during the C19 crisis. Now the can has become, you
• 33:13
  know, when you're at your local park and you see those big steel
• 33:17
  barrels, like the 55 gallon barrels steel, right?
• 33:21
  That's what the can is. Now this next crisis that we're
• 33:25
  quickly approaching, that's going to be like them trying to
• 33:27
  kick because everything has gotten bigger, more complicated,
• 33:32
  more convoluted. The crisis are as a result right
• 33:36
  are becoming more and more extreme and challenging and they
• 33:42
  have to react immediately. Remember what happened just two,
• 33:45
  2 1/2 weeks ago with the micro crisis that we had with Japan?
• 33:49
  Guys, this is not good, OK, it's not good.
• 33:52
  Now, what's going to drive, what's going to drive the price
• 33:57
  of silver and gold higher in the next 10 to 20 years?
• 34:02
  Even the next year, quite possibly, we're going to go back
• 34:05
  to inflation and the whole sweat, the whole environment has
• 34:10
  changed now, OK, we're in a new territory for gold and silver.
• 34:14
  Remember, what's one of the primary, primary functions of
• 34:20
  precious metals? They protect you against
• 34:22
  inflation. Right now we run a little upside
• 34:25
  down world because the Fed freak show that's been going on for
• 34:30
  the last number of years where if inflation went up, that would
• 34:33
  make gold and silver go down, which doesn't didn't make any
• 34:36
  sense to a lot of people will. The reason that was going on was
• 34:39
  because when the Fed still had really strong control over what
• 34:43
  was going on in the world economy and the United States
• 34:47
  economy, when inflation would go up, that would mean that they
• 34:50
  would need to raise interest rates, tighten monetary policy
• 34:53
  that made gold and silver less attractive temporarily.
• 34:57
  Now we're in a situation where they've they're losing control.
• 35:01
  I mean, I'm not gonna we're not gonna pull up the US debt clock
• 35:04
  again. But you know, mic drop, they're
• 35:07
  losing control of the situation. So we'll see inflation Dr.
• 35:12
  higher. They could even raise rates.
• 35:16
  It's not going to make any difference because what's going
• 35:18
  to happen is inflation will outrun, will be greater than any
• 35:23
  rate increases because how can they rate?
• 35:25
  Think about this. How could the Fed raise rates
• 35:27
  again? How could the Fed with all that
• 35:30
  debt, Remember that, that little one example we looked at that
• 35:33
  we're now spending more on interest alone than we are on
• 35:38
  National Defense. If the Fed, the Fed can't raise
• 35:42
  rates, all they're going to have to sit there neutered, right?
• 35:47
  They're going to sit there neutered while inflation goes
• 35:50
  and goes and goes. And why is it going to go
• 35:53
  higher? Because the value of the dollar,
• 35:56
  right, will become less and less and less as the debt grows, as
• 36:01
  the interest expense grows. I don't want to be negative.
• 36:05
  I just want to be a calculator, that's all.
• 36:08
  That's all I want to be, right? I want to go, I wanted to go up
• 36:12
  on on at the Mickey Mouse Club they were having over the last
• 36:15
  few days and bring it, bring my old calculator up there and say
• 36:18
  here, I want you to explain this to us because it doesn't make
• 36:22
  sense. I love your hope.
• 36:23
  I love your magic. I love all your grandiose plans.
• 36:27
  And this is not a political statement because it's really
• 36:30
  going on on both sides of the aisle.
• 36:32
  OK, I love all your ideas of cutting taxes, whether for the
• 36:36
  ultra wealthy or the middle class, but I just wonder, have
• 36:41
  you, have you did the battery die in your calculator?
• 36:44
  Right? If they even come close, any of
• 36:47
  them to doing what they're talking about, the value of the
• 36:50
  dollar will continue to go down and the value of your precious
• 36:53
  metals will continue to go up. Let's go check out.
• 36:56
  I encourage you to subscribe to the channel.
• 36:59
  Please give this a thumbs up. OK?
• 37:01
  And I'm going to yell at Susie, but she won't yell back.
• 37:05
  She doesn't like when I say she yells.
• 37:07
  So I'm going to yell at her. Hey, Susie, how many thumbs up
• 37:11
  do we have? All right, let's see if we can
• 37:17
  get the 300 thumbs up. Susie says we have 232.
• 37:20
  You know what I'll do, huh? You're my pride and joy.
• 37:23
  Where is it? See that?
• 37:26
  See that? You're my pride and joy.
• 37:30
  I'll blow the train whistle at 300 thumbs up.
• 37:33
  But let's go to a viewer comment.
• 37:36
  Work our way through this. There's silver, yeah, Mexico
• 37:41
  produces the world's most silver and they are decreasing and
• 37:46
  they're talking about outline open pit mining.
• 37:50
  There's Susie and I, and I'll talk about that in a minute.
• 37:54
  OK, Ron, this is from Bibo O2. On your chart where you show the
• 38:00
  cup and handle and talk about the inverted head and shoulder
• 38:03
  view, this is the chart of silver, which has the world's
• 38:07
  world record most powerful cup and handle formation that we've
• 38:12
  ever seen in the history of the world, period, Guys, OK, these
• 38:18
  chart guys are like that. We've never in the history of
• 38:21
  financial markets seriously seen a cup and handle, which is one
• 38:24
  of the most predictable, reliable chart patterns out
• 38:29
  there. He says there's also a miniature
• 38:32
  cup and handle within the big handle, which even indicates
• 38:37
  more of a powerful breakout to the upside.
• 38:41
  That's interesting. Let's go take a look and see if
• 38:43
  he's correct. Guys, hold on here, see if I can
• 38:47
  get us a silver chart up here quickly.
• 38:53
  You know what, it's time for us to check the gold price again.
• 38:56
  OK, we're back down. So we went down finally, but we
• 38:58
  had three times in a row, but we went up gold of $30 to $2514.00
• 39:04
  per oz silver. Whoa, is that right, $0.85 per
• 39:10
  oz? Man, that is awesome.
• 39:12
  All right, let's go out to let's go out and take a look at the
• 39:15
  silver chart. And here we go to Yahoo Finance.
• 39:23
  Gold, gold, gold. Come on.
• 39:27
  And we're silver. Silver.
• 39:32
  Wow, look at that. That's just today.
• 39:34
  That is crazy. OK, we'll go to the Max, Go to
• 39:39
  the full screen. OK, and let's see here.
• 39:53
  OK, interesting. I don't know.
• 39:57
  This is the handle. OK, this is the 2011 high in
• 40:01
  silver and this is the handle. Ah, maybe this is what he's
• 40:07
  talking about, this cup and handle breaking out.
• 40:11
  Let me draw that on there for you real quickly.
• 40:14
  Don't quote me on all any of this guys, but this is the cop
• 40:18
  that goes over this way and then back up.
• 40:21
  OK? That's the cop goes back to 1980
• 40:27
  and this would be the handle maybe.
• 40:32
  Hold on here. Let me see if I can draw this
• 40:35
  possibly. Here we go.
• 40:41
  Here's the handle our cup, I'm sorry.
• 40:46
  And this the handle that could be something.
• 40:52
  The other thing I want to point out as well, like he said, this
• 40:55
  is the this is the handle, right?
• 40:56
  And this that means that handle goes way up here.
• 41:00
  OK, when it breaks out. Now the other thing I need to
• 41:04
  point out since we're here is what I see in this is an inverse
• 41:08
  head and shoulders and upside down head and shoulders.
• 41:11
  There's a shoulder, there's a head, there's a shoulder, and it
• 41:14
  could be breaking out above this, I guess what you would
• 41:18
  call neckline and going up like that.
• 41:24
  A normal head and shoulders looks like this.
• 41:27
  It's a shoulder, a head and a shoulder, and then it goes down
• 41:33
  when it's upside down. It's like that one over there.
• 41:35
  So thank you for that piece of input from the viewer community.
• 41:39
  But we got more. Today's a double feature.
• 41:42
  OK, double feature. Here we go.
• 41:50
  This is from Poochu Kabu. Almost as good as one of our
• 41:57
  other common repeat subscribers, the atomic wedgie.
• 42:03
  Imagine investing in Apple. This guy puts us down.
• 42:06
  OK, guys, imagine investing in Apple four years ago instead of
• 42:10
  wasting your time on silver. Silver people crack me up.
• 42:15
  Well, we're glad that we provide you with some humor and a smile
• 42:19
  in your life. I'll tell you this and I was
• 42:21
  talking to Peter Grandich yesterday.
• 42:23
  I have a lot of money invested in in the in gold and silver
• 42:28
  mining stocks. I have never, I would take a
• 42:31
  even a junior gold and silver mining stock in a second or
• 42:35
  physical gold or physical silver over Apple.
• 42:39
  Most people that are invested in Apple, NVIDIA, they don't even
• 42:42
  know what they really own. I'm not putting you down.
• 42:44
  If you have money in that, that's great, you've done really
• 42:46
  well. But most people have no clue
• 42:52
  from a value perspective what you're getting with an NVIDIA or
• 42:57
  an Apple. At one point I did some analysis
• 42:59
  on Apple and I don't, I don't even watch it anymore, but it
• 43:03
  was like their actual assets that you get per share was like
• 43:08
  2% of the of the share price. You know, it's incredible.
• 43:13
  Whereas with the mining companies, a lot of times you
• 43:15
  get 100% or even 150% in terms of real assets, Not to mention
• 43:21
  the real assets that the gold and silver mining companies have
• 43:24
  are most often always silver and gold in the ground.
• 43:28
  So you can say whatever you want.
• 43:30
  I understand. And you know what?
• 43:31
  If you invested in Apple ten years ago, five years ago,
• 43:34
  you've done great. Good for you.
• 43:36
  Congratulations. We got a couple gifts that came.
• 43:42
  Hold on here before we do that. OK?
• 43:52
  Where'd it go? Remember this?
• 43:56
  Here. Remember this Robert Kiyosaki,
• 44:00
  the everything bubble, what we're talking about stocks,
• 44:02
  bonds, real estate set to crash, U.S. debt increasing by $1
• 44:09
  trillion every 90 days, US bankrupt.
• 44:12
  Save yourself, please. Buy real gold, silver and he
• 44:16
  throws in Bitcoin. That's his great opinion.
• 44:19
  He also was the one that talked about, I think it was $60,000
• 44:23
  silver or something like that. That's Robert Kiyosaki, the guy
• 44:26
  that wrote Rich Dad. Poor dad.
• 44:29
  Where did it go? There was one more thing.
• 44:31
  Oh, that's what we need to do. Thank you for the reminder.
• 44:34
  Let's go out and check quickly to make sure that those Chinese
• 44:40
  haven't changed their silver price on us.
• 44:46
  And our friend, the Oriental Ghost, there's our friend Peter
• 44:51
  Grandich. OK, here is an update for you on
• 44:57
  the silver price from China, the physical market at the Shanghai
• 45:05
  Gold Exchange. And we emphasize the high
• 45:07
  because the price usually is a lot higher.
• 45:10
  But on the Shanghai Gold Exchange, the SGE and the
• 45:13
  Shanghai Futures Exchange, silver, as you can see here, I
• 45:20
  forgot. Hold on, guys.
• 45:24
  Hold on now. We got it.
• 45:26
  Sorry about that. The Shanghai Gold Exchange, the
• 45:29
  Shanghai Futures Exchange, this is August 23rd, which is today
• 45:33
  Silver AG on the Shanghai Gold Exchange.
• 45:36
  This is the physical market. Oh, it closed at $32.47.
• 45:42
  It was down a little bit. OK, gold.
• 45:44
  I'm sorry, Gold 2487 silver on the Shanghai Futures Exchange,
• 45:51
  $32.66. We're also hearing, I believe
• 45:56
  the Silver Academy had an article out this morning.
• 45:59
  This is the amount of this is the vaults, the Shanghai Futures
• 46:03
  Exchange vaults in the Shanghai Gold Exchange vaults.
• 46:07
  Look at this down 75,000 kilograms, OK, pretty
• 46:12
  significant decrease and from what I understand, it's at about
• 46:16
  a two-month low. Now we talk about this idea that
• 46:22
  that that the dollar is a novelty item.
• 46:26
  Look at what our good friend Daryl G sent in and I want to
• 46:32
  share this with you, but I want to read to you what it says on
• 46:35
  the back. This is shredded US currency.
• 46:37
  Let me read this to you and and see if this if you catch the
• 46:40
  same thing that I did. The Federal Reserve is
• 46:43
  constantly taking old bills out of circulation and shredding
• 46:47
  them to be replaced with new ones.
• 46:50
  The shreds in this bag right here OK do not have any monetary
• 46:57
  worth and cannot be redeemed for any value.
• 47:01
  This product, this product's only intended use is for a
• 47:04
  novelty items or a unique gift. I just ask you, how big of a
• 47:10
  difference is there between this and this, right?
• 47:14
  Hey, I love my country. I love what Andrew Jackson and
• 47:19
  and Thomas Jefferson say. I love what Hamilton and the
• 47:22
  founders and the framers of our US Constitution said.
• 47:25
  I love silver, gold. Those guys don't like this
• 47:28
  either. So it's OK to say that.
• 47:30
  How big of a difference, I beg that question is there between
• 47:33
  this and this, right? I mean, and further begs the
• 47:37
  question, hold on a second, how much of a difference is there
• 47:44
  between this and this? Right?
• 47:48
  We talk about that all the time. The next thing that came in
• 47:51
  another nice gift from that. So the money, I'm sorry, the
• 47:54
  shredded money was from our friend Donnie W Thank you,
• 47:57
  Donnie, much much. I'm sorry Daryl GI apologize
• 48:01
  Daryl. The shredded money we slow down
• 48:04
  was from Daryl G, now our friend Donnie W, who lives in the great
• 48:10
  state of Missouri, Who lives in Missouri, Missouri.
• 48:15
  Misery sent me some of these very interesting pride and joy
• 48:22
  cards. And I want to tell you, you're
• 48:26
  my pride and joy. And that's the idea behind this.
• 48:28
  Apparently some old British comedian used to walk around and
• 48:31
  say, you want to see a picture of my pride and joy?
• 48:33
  You're my pride and joy. Thank you for being here.
• 48:35
  OK. Thank you to the moderators.
• 48:37
  Oh, I missed a super chat. Hold on here.
• 48:40
  Clifton Moberg, great friend to the channel.
• 48:43
  There's the other pride and joy. I also got a big picture.
• 48:46
  Thank you, Cliff, for the Super chat.
• 48:48
  I'm glad I didn't miss that. Hey, have a great day.
• 48:51
  OK, Be nice. The number one, that would be
• 48:54
  you and it'll help us all be nicer to the other people around
• 48:57
  us. It's going to be an interesting
• 49:00
  remainder of the year for the metals prices.
• 49:03
  We have changed. It has changed the macro
• 49:06
  environment. Do you remember?
• 49:08
  I remember when Ben Bernanke at Jackson Hole made a speech at
• 49:12
  one point. It was probably, I don't know,
• 49:14
  it's probably like two, probably 10 years ago they completely
• 49:18
  shifted the precious metals market, but shifted it opposite
• 49:22
  of what we have today. He he, he basically telegraphed
• 49:25
  that we're going to be tightening mod and it did.
• 49:28
  It created a Big Bear market in the gold and silver.
• 49:32
  Well, the opposite. The good news happened today.
• 49:35
  You know, even though it's all a bunch of BS, the Jerome Powell
• 49:38
  stuff, we're in a new environment.
• 49:40
  Hey, it'll be fun to see how it all plays out.
• 49:43
  Thanks for being here. OK.
• 49:45
  And I will.