Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 😲Gold Price EXPERT Reveals Shocking $4800 Forecast

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😲Gold Price EXPERT Reveals Shocking $4800 Forecast · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
Well, we have some good news this morning.
0:03
Susie just informed me gold and silver are on a quote UN quote
0:08
rampage. Let's run out and take a look
0:10
and then we're going to talk about $4800 gold.
0:13
Big news from the top analyst in the gold and silver sector.
0:18
We'll cover that, but let's go take a look at the gold price.
0:21
Guys. I think we have reason to be
0:25
content. Wow, look at this.
0:27
We're going to press the the button here and get an update,
0:30
$33 per oz. The gold price is up.
0:34
That is awesome. Silver of 54 cents.
0:37
Come on silver guys. The reality is once silver gets
0:42
above $30, my belief is that we are absolutely going to
0:47
skyrocket from there. And there's some other people
0:49
that are coming around to our way of thinking.
0:53
But who writes the book, the annual Bible, whatever you want
0:58
to call it for the precious metals sector?
1:01
It's a guy named Ronnie Stoferly.
1:03
I think he's from Germany. Let's pull this up.
1:05
I'll show you quickly what he writes every year.
1:09
It's the In Gold We Trust report.
1:12
This is a picture of the 2024 edition.
1:15
Ronald Soferly, He's from Incrementum AG.
1:20
This guy gets all the respect and deservedly so.
1:24
I was listening to him talk last night.
1:27
He's talking about $4800 gold by the end of this decade.
1:32
Look, that could be low. Some of us think it could go
1:34
much higher. But don't forget we're almost
1:37
into 2025 S. The end of the decade is the
1:40
next five years. Ask yourself that question.
1:43
Would you be happy that five years from now we had a gold
1:47
price at $4800 per oz? What about silver?
1:53
I think we'd have triple digit silver by that point as well,
1:57
maybe even higher. But he had some interesting
1:59
things to say. I listen to him give a a talk
2:02
last night. He said he pointed out this
2:04
important point. We've yet to take out the
2:07
inflation adjusted high for gold.
2:11
We were at new all time highs. And hey, guys, wait a minute.
2:14
Let's celebrate for a second. All right.
2:16
As of right now, we know how it goes.
2:18
But as of right now, silver and gold are as silver.
2:22
Susie put it on a rampage. She was super excited
2:28
nonetheless. If we get to the inflation
2:30
adjusted high, we're talking 2700 twenty, $800 gold guys.
2:35
We could see like some rapid moves in the gold price.
2:39
I know we're talking about the potential for a pullback, right?
2:44
A little more of a consolidation, but that doesn't
2:46
have to happen. We talked about that yesterday.
2:49
There's no guarantee that that has to happen.
2:52
We could, we could be off to the races through the end of the
2:56
year. 44 dollars silver, $44.00 silver by Christmas.
3:02
It's a little secret. Why don't you guys all join me
3:05
and write a little letter to Santa, dear Santa.
3:09
And you know what, right? I got a free 10 oz bar of silver
3:14
yesterday. I'm going to tell you about that
3:16
next when we finish, finish with Ronnie Stoeferly and I'm going
3:19
to tell you how you can get yourself a free 10 oz bar of
3:23
silver as well. OK?
3:26
Bull markets don't end at inflation adjusted highs.
3:30
That's what Ronnie said, right guys?
3:32
Higher highs we got. This is a fact of all markets,
3:37
whether you're talking about the oil market, whether you're
3:39
talking about the gold and silver market, whether you're
3:42
talking about Bitcoin or whether you're talking about Apple
3:46
computer stock. When something gets to a new
3:50
high, it very likely continues then to make newer higher highs,
3:55
higher highs, higher highs, we could be in for a good run in
3:59
the gold market and silver, of course.
4:03
OK, He says we're at half time right now, a lot of room for
4:09
improvement in western participation, right?
4:13
Western ETF, our neighbors, we talk about that ad nauseam.
4:16
We can't stand our neighbors. And one of the reasons why we
4:20
can't stand our neighbors is because they don't buy gold and
4:22
silver, but they will, right? You're going to be regarded as
4:26
like the hero of the neighborhood.
4:28
Don't you worry. OK, Central bank buying.
4:31
Oh, this is interesting. I've never thought about this.
4:34
We all hear it over and over. Central banks are buying gold.
4:37
Why is gold up? I hear it.
4:39
You know, they asked the top guys, well, because central
4:41
banks are buying gold. But think about this, and I'll
4:45
credit Ronnie Stoferly with turning this light bulb on
4:48
inside my head. Central banks are sticky buyers.
4:53
You know what a sticky buyer, what that means.
4:55
That means they're not buying gold thinking, oh, we'll buy
4:58
some gold this month and we'll sell it three months from now or
5:01
we'll sell it a year from now. No, central banks buy gold.
5:05
And what do they do with it? They store it away as a
5:08
generational investment. Probably real similar to what
5:11
you do when you buy gold and silver.
5:14
Do you buy it as a generational investment?
5:16
I do. I've never sold an ounce, right?
5:20
I don't store it here at the house.
5:21
I keep it stashed away. But none the less, when we buy
5:24
gold and silver, we buy it as a generational investment, OK?
5:29
By the way, I got a problem. I did lose some silver.
5:33
I'll try to remember to tell you that story here in a little bit
5:35
as well. ETF of this ETF outflows over
5:43
the last what, two years? It's so critical to remember the
5:47
precious metals prices have done well in an environment where
5:51
money was coming out of the ETFs.
5:55
I'm hearing everybody say this and we're going to say it right
5:58
now, guys. All the long standing or a lot
6:03
of the long standing relationships in the gold and
6:06
silver market had been thrown out the window, right?
6:10
It used to be that if money was coming out of the ETFs, out of
6:14
the GLD, the SLVETS, that meant that the that the metals had to
6:19
go down in price. That didn't happen this time.
6:23
Money was coming out of those ETFs and the price was going up.
6:27
That's a good thing. That's like running a record 100
6:31
yard dash time, running into a 10 mile per hour wind.
6:35
When the wind shifts, when Western investors and it's
6:38
happening right now, over the last four months, we've had
6:41
positive flows into the ETFs that will be more wind, more
6:47
wind in the sails of gold and silver and there's a lot more
6:51
things that are the wind, more wind sources that are coming to
6:55
the sails. We're going to talk about it
6:57
all, OK. The next wave of inflation could
7:01
trigger gold mania. Man, it is.
7:05
There's so much going on. We got more inflation data this
7:09
morning. We're going to talk about that.
7:10
Yes, inflation. Well, I'm going to wait a little
7:14
bit till I tell you, but guys, inflation is the new king for
7:18
precious metals, OK, All right. A hard landing in the economy
7:23
could also be very good for gold and silver.
7:28
Gold mining stocks are as cheap as they've ever been.
7:30
All right, Even Frank, Frank Gestra, I listened to him last
7:33
night, Right. He's got he's a legendary
7:35
investor gold and silver mining stocks, especially the junior
7:41
level gold mining stocks, the developers companies like
7:45
channel sponsor first Mining Gold are at value levels that
7:50
we've never seen the opportunity.
7:52
I'm not giving financial advice, but the but the potential for
7:56
capital appreciation in that entire sector is so, so huge
8:01
right now. And, and you know, when that
8:04
money comes back into that sector, that'll also bring more
8:08
attention into the physical precious metals, which will be
8:11
another source of when coming into the into the sector.
8:16
We're going to talk about why inflation, right, is now the
8:21
kingpin for the precious metals. But let me tell you how I got
8:25
one of these for free yesterday, huh?
8:28
Not this exact bar, you guys. This one's always I keep.
8:30
I keep a little bit of silver here at the house in the
8:32
basement so I can show you guys. That's a 10 oz bar of silver.
8:41
Here's how I did it. Let me show you.
8:42
Let me show you how I got a free 10 oz bar of silver.
8:46
Hold on. Let's go back here so you don't
8:48
have to watch me. Hi, everybody.
8:49
You can watch me struggle here. I'm trying to get to a picture.
8:57
So yesterday morning, you know, I'm like you, right?
9:01
I'm waking up, got all this stuff I got to do and Susie says
9:04
to me, the shower, the floor, the shower drains backed up.
9:07
We have this recurring problem in our house about once every
9:11
nine months because my wife has beautiful, luscious long hair.
9:14
I have daughters with long hair where our drains get backed up
9:17
when our two-story house, the second story shower and I'm
9:20
like, oh, you know what it's like, right?
9:22
Oh my God, I got to deal with this and blah, blah, blah.
9:25
Usually usually I'm to put a plug in for a product.
9:29
This is how you can get a free 10 oz bar of silver.
9:32
Usually I use this stuff not wrong side.
9:35
This stuff it's called thrift. Used to only be able to get it
9:39
at plumbing supply stores. A plumber told me about it.
9:43
You have to go to one of those back Rd. plumbing supply stores
9:45
to clean the drain. So I got my thrift.
9:48
I went upstairs. I'm like I'm going to clean the
9:49
drain out. Well, I took a shower first
9:52
because I wanted to warm the pipes up.
9:54
And anyway, Long story short, the drain was completely backed
9:57
up and you can't use that's a that's safe on pipes.
10:00
It's good stuff. You know what, I'll put a link
10:01
to it in the description of this video.
10:04
Anyway, I'm like, I got to get out this thing.
10:06
So I got this out. OK.
10:09
Can you see that? That's our Cub Cadet tractor,
10:12
and that is a snake and it's hooked up.
10:15
You can see behind it to my little Black and Decker drill
10:20
and I spent about an hour. This is why I was crabby during
10:23
the live stream. I apologize to you basement
10:26
dwellers. And by the way, it's a big deal
10:28
you're here. Thank you for being here, but I
10:30
apologize. I was a little crabby yesterday
10:33
because I'd spent the hour before I went live on my knees
10:36
with that snake. I think it's called right.
10:40
I got this one at Lowe's or Home Depot.
10:41
I don't usually go to Lowe's or Home Depot, but I spent an hour
10:44
on my hands and knees. And I mean, it was like 25 feet
10:48
down the line and I finally got that big goop of, yes, that's
10:51
hair out of the thing. And I was done.
10:54
And I cleared it out. And you know what I told one of
10:57
my neighbors, I mean, I was like, yeah, I cleared the shower
10:59
drain again. But he said I had to have that
11:01
done the other day. It wound up costing me 300
11:04
bucks. And I thought, you know what?
11:07
I did that myself. I've saved $300.00 right by this
11:11
disgusting hard job. That's a, that's a 10 oz.
11:15
That's this guys, that's this. And actually, if you think about
11:19
it right, if you think about it, I'd actually have to earn like
11:24
500 bucks to get the 300 to buy the silver bar.
11:28
So the story, the more what? Please stop selling the hell
11:32
thing. Oh, OK.
11:36
Anyway, so that's Susie on the walkie-talkie.
11:39
This is my live stream. I will show what I like
11:41
nonetheless. You'd have to earn $500, right?
11:46
Pay taxes to have the 300 to pay rescue rooter or rotor rooter,
11:51
whoever it is. I bought that snake thing for
11:53
like 25 bucks. Learn how to do things for
11:56
yourself and the money you save, buy silver.
11:59
OK, that's the point. That's the point.
12:02
All right, let's talk about what what's going on in the silver
12:04
and gold market. That's what you're here for.
12:07
This morning we got this news. OK, we got news.
12:11
We're going to go out to CNBC, our favorite source of
12:15
information, ha ha. But nonetheless, wholesale
12:18
prices rose. This is inflation, guys.
12:21
When it comes to the gold and silver market right now, nothing
12:25
will trump inflation. Inflation. the Fed has become
12:29
impotent. the Fed has been neutered.
12:32
They may not like it, but that's the reality.
12:35
Inflation is taking over and it will result in much iron, I
12:40
think. I believe that's why.
12:41
Are you wondering why are the gold and silver price taking
12:45
off? I think I have a one of the good
12:46
reasons why right here. It has to do with inflation.
12:52
We got some employment numbers as well, but it's the excluding.
12:56
This is it right here. Excluding food and energy, PPI
13:00
increased .3%, slightly higher than the .2% inflation.
13:06
The core PPI number came in higher than expected.
13:10
Of course, the mainstream media isn't going to point that out,
13:14
right? They're just going to say
13:14
inflation's on. Everything's great.
13:16
Everything's awesome. The core increase was the same
13:21
when excluding other trade services.
13:23
Inflation is going up. We're going to, we're going to,
13:27
we're going to experience much higher inflation in that.
13:30
This is before they're cutting interest rates.
13:33
OK, briefly, then we'll get back to inflation.
13:38
Initial filings for unemployment benefits totaled 230,000 for the
13:45
week, New people, a quarter million people filing for
13:49
unemployment and that was up as well.
13:52
So why does inflation now rule the day, right?
13:59
The old days are gone. We are in an absolute new
14:02
territory, a new paradigm, a regime shift, whatever you want
14:06
to call it. What proof do we see of that?
14:09
Well, we see the proof. Like we talked of earlier, ETF
14:13
outflows during the last two years out of the GLD, the SLV
14:17
money coming out in gold and silver reacted exactly opposite
14:23
of the way they should. They went up OK.
14:25
Now we are in a situation where the Fed has become less, much
14:31
less potent with their tools, with their ability to control
14:35
inflation, to control the value of the US dollar.
14:39
This all rests on a very shaky foundation of the fact that the
14:44
US government has lost control of its fiscal situation, right?
14:48
The $35.4 trillion in national debt.
14:54
Inflation is going to drive the precious metals prices as we
14:59
head into the coming years. And inflation is nothing more,
15:03
nothing more OK than devaluation of the US dollar.
15:08
You can't, you know, it's six or one half dozen the other.
15:11
It's the same thing. It's the same horse by a
15:14
different name. It's what however you want to
15:17
say it, OK? The the Fed and the Fed is even
15:20
indicated, right, That they've given up on their fight on
15:24
inflation. the Fed needs inflation, guys, You can't trust
15:29
this character. And I think I can say this
15:32
because he doesn't really work for our government, right?
15:35
You can't trust him. No, I'm sorry.
15:38
OK? I know he looks trustworthy.
15:40
He looks like an Eagle Scout. Good guy, right?
15:43
I've invited him here to the basement thousands of times so
15:47
we could talk and he could explain to us why we should
15:49
trust him. But we can't trust them.
15:53
They need inflation. Inflation will be the new
15:57
kingpin. It will drive the price of the
16:00
precious metals in the coming months, quarters and years.
16:05
It will put a big smile on our faces.
16:09
OK, right. Because in interest rates, when
16:12
inflation goes back to 8%, it doesn't make a lick of
16:16
difference If old Jerome there raises rates again, if inflation
16:20
goes to 12%, he can put the Fed funds rate at 8%.
16:24
And he very well may. Because think about this.
16:28
Who's going to want to own the debt, right?
16:30
They're going to have two choices, either print money and
16:33
monetize the national debt, because nobody's going to want
16:36
to buy that crud, right? Who's who?
16:39
Any other foreign country with a calculator can see what's going
16:43
on in this country. So they're either gonna have to
16:45
let interest rates go up, right, which it's a big mess, which
16:50
will crash the economy further everything, or they're gonna
16:54
have to print money, right, Turn on the printing press, which is
16:58
a simple way to say monetize the debt, print money to buy the
17:06
debt. It's a big circle.
17:07
It all leads back to the same end result, which is the US
17:13
dollar continuing to go down in value.
17:17
So we're getting evidence this morning, further evidence that
17:21
inflation continues. The core number, which is what
17:26
they also called the long term number is, is taking off, right?
17:30
Are you seeing it? I'm certainly seeing it.
17:34
Let's go to a viewer comment here, see if I can pull that up.
17:40
OK. I thought this was a good point.
17:42
This is from our friend Wayne Robertson said, Hey, Ron, I
17:45
heard you mention our truth. A lot of people I hear say my
17:49
truth. And that's when we're talking
17:50
about what's going on, guys. We talked about, you know, I, I
17:53
have my truth, you have your truth.
17:55
You've you've heard that same before.
17:57
My opinion is that there's only truth because truth is truth and
18:01
whatever is not truth is a lie. Truth always wins.
18:07
Thank you, Susie, we got 100 thumbs up.
18:10
Sometimes it takes time to come out.
18:12
I always enjoy our visit to the basement.
18:15
Let's ring the let's ring the bell here guys.
18:17
And then we're going to talk about that because what is our
18:20
truth as precious metals investors?
18:27
That's ten rings of the bell. Susie's back with us helping
18:30
this morning. That's for the 100.
18:32
Thumbs up. Oh, my gosh.
18:33
Thank you for being here. Yeah, you.
18:37
I'm talking to you, the one and only.
18:39
You, the apple of your mommy's eye.
18:41
You're a member of the basement. Welcome.
18:44
Right? You're part of the group.
18:46
You're part of the clan. You're part of the gang,
18:48
whatever we want to call ourselves, we really appreciate
18:51
you being here. You matter.
18:52
We want to hear from you. Leave a comment.
18:54
As you just saw, your comment could be featured during a live
18:58
stream, which would be viewed. These live streams are being
19:00
viewed by 10s of thousands of people.
19:03
OK. So please, you matter, your
19:05
thoughts matter. You're welcome here.
19:07
Please subscribe to the channel. Give the video a thumbs up.
19:12
That feels good to do, right, doesn't it?
19:14
It's nice thing for you to do. And super chats.
19:17
Super thanks. Donations, whatever.
19:20
We never beg, but they're always super appreciated.
19:23
So yeah, our truth, right, is that we know what's going on in
19:28
the world. We know what's going on with the
19:30
monetary system. We know what's going on with the
19:33
fiscal situation in the United States, and we know that gold
19:38
and silver have been valuable for thousands and thousands of
19:42
years. Get a load of this.
19:44
On that note, this is super interesting.
19:47
This, this really got me to thinking.
19:50
Let's go out to the New York Post.
19:55
Archaeologists stumble upon priceless gold coins from an
20:00
ancient empire in an unusual location.
20:08
In Bulgaria, 5 Byzantine Byzantine coins, which date back
20:13
to the reign of Justinian the Great, were uncovered by
20:17
archaeologists digging on a site in Deb Nevo in Bulgaria.
20:22
The excavation OK the village. OK, here we go.
20:26
The village, which is close to a 5th century fortress, has been
20:30
the site of XX excavation projects for five years.
20:35
A 5th century fortress? There's the coins.
20:40
I mean, look at that. Aren't those beautiful?
20:44
OK, All right, think about this, guys.
20:46
What's the lesson here? Here we go.
20:49
Justinian had ruled the Byzantine Empire from 5:27 to
20:53
565 AD. OK, Now what's important about
21:00
that? Because I got news for you.
21:03
This is going to shock you. One of your relatives could have
21:07
lived in that village, right? 500 AD.
21:11
You had relatives. I had relatives.
21:14
We may share relatives that were alive during that time period,
21:18
right? OK, 1500 years ago, somebody
21:22
lost some gold coins. OK, they're still as valuable
21:28
today. Let that sink in for a minute.
21:31
You know, I was talking with Lynette Zhang yesterday.
21:34
I have an interview with her coming out tomorrow.
21:36
And we were talking about that, the timeless value of precious
21:41
metals 1500 years ago, your great, great grandpa to the
21:47
140th degree, whatever. It would be right if he'd hidden
21:52
those same exact coins and you knew where they were today,
21:57
they'd be worth just as much, maybe even more than they are
22:01
right now. But the other thing that Lynette
22:03
and I talked about with the gold and silver market is not only is
22:07
it timeless, guys, but it permeates every corner, every
22:12
last inch of this planet. Nothing else.
22:17
And she pointed this out. You got to watch this interview.
22:21
This is is is the is is is the world's right now preferred
22:27
reserve currency. Look, it flies paper money.
22:31
We it's based on nothing. There it goes.
22:35
OK, it doesn't permeate every corner of the planet.
22:40
It doesn't. Sorry, gold does permeate.
22:43
Silver does permeate the market. The value every last millimeter
22:49
of land on the planet. The other fascinating thing, and
22:54
we'll just talk about silver, but it's true for gold as well,
22:56
but the sheer number of people that are involved in the silver
23:04
market, she was holding up silverware, right?
23:06
But just the pure number of people on the planet like you
23:10
and me, fellow basement dwellers, fellow silver lovers,
23:15
right? That that own silver, those are
23:18
market participants every single day.
23:20
Where's my 10 oz bar that I got for free yesterday?
23:24
Every single day I have a decision to make.
23:27
Am I going to hold this? And you do too.
23:29
Look at some of your silver, right?
23:31
Am I going to hold this or am I going to sell it?
23:35
I choose to hold, but it's not just us, it's more people.
23:39
There are somebody correct me and no one's been able to yet
23:43
tell me another market in the world that has more
23:46
participants, the crude oil market.
23:48
No, I don't have barrels of crude oil in my basement.
23:52
Sorry. Right.
23:53
When it comes to a physical market, wheat.
23:57
I can't store bushels of wheat or however they measure it.
24:00
Or corn. No, right.
24:02
Silver and gold have more people throughout the world
24:05
participating in the market than anything else.
24:08
It's also the oldest market. It's also the wisest market.
24:13
And as of just a few minutes ago, as Silver Susie aptly
24:20
pointed out, the silver and gold market were on a rampage.
24:23
We need to do an update. Take your high blood pressure
24:26
medicine. Let's go out to channel sponsor
24:29
Pimbex Pi MB EX and we're going to check the gold and silver
24:34
price here in a second. I need to update it.
24:36
That's not the updated price. But first, I want to say thank
24:39
you to Pimbex for sponsoring Ron's Basement.
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Guys. Look, here's the reality.
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Without support from our sponsors, this daily broadcast
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is not possible. And what I feel so good about
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having Pen Backs as a sponsor, it's a company that I trust, a
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company that I worked with before they sponsored the
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channel, right? I bought from them I think two
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or three times and was a very happy customer before they
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approached me and I've actually I approached them over the
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months. Anyway, it doesn't matter to
25:13
sponsor the basement. I know that they do right by the
25:18
basement dweller community. I've received overwhelming
25:23
positive feedback. OK, so if you want to get ultra
25:26
competitive pricing, a great selection and work with a
25:29
company that you know you can trust, please talk to the guys
25:33
at PMBEX. They can also help with IRA
25:37
conversions. Now let's do an update on the
25:39
gold and silver price. All right, let's press the
25:44
button, hold your breath and OK, gold is still up $30 per oz Wow,
25:52
silver high. Oh silver away.
25:57
Everyone join me and and saying yes, yes, let's go silver, let's
26:04
go gold. You don't have to pull back.
26:06
You can keep going right? But don't forget pull backs will
26:09
happen. Nothing goes straight up
26:11
forever. Nothing absolutely goes straight
26:13
up forever. Hey, we talked about a $4800
26:18
gold prediction by the end of the decade.
26:21
Five years from now, what about a $4000?
26:23
Let's this article. I made a video about this
26:26
yesterday, but I want to run through it quickly here during
26:28
the live stream because I believe this is some critical
26:32
information from our friend Niels Christensen at Kitco.
26:36
With all the debt in the world, gold will only look overbought
26:40
when prices push above $4000 per oz.
26:45
Now any anybody can say that, but the guy that said it, Eric
26:48
Strand, he's from a company called AUAG.
26:52
Let's hold on here. Yep, there we are.
26:55
Let's go down and I'll introduce you to him.
26:57
Bye, Neil. And look at that gold.
27:02
The gold market continues to consolidate above $25.00 an
27:06
ounce. Yes, we know that.
27:08
Look at this guy, man, he's good looking, huh?
27:13
Eric Strand, founder of the OK, so this guy is in Sweden.
27:17
He owns a company called AUAG Funds.
27:21
They have 40,000 investors and he's saying right now that the
27:25
fair, right now, the fair value of gold is 40.
27:31
I'm sorry, $4000 per oz. Woo Hoo.
27:35
We like you Eric, and you're easy on the eyes.
27:37
All right, maybe I did you guys notice I got a haircut.
27:41
Maybe next time I'm going to get a cut like that says we're going
27:46
to see volatility 4000. Anything below 4000 is cheap
27:52
long term. The market is nowhere close to
27:55
being overvalued right now, which means it's undervalued.
27:59
He says central banks continue to increase the money supply.
28:03
We see that on the on the US debt clock, it's, you know, just
28:08
ballooning. We're at 35 trillion.
28:10
The players may have changed, but printing and paper remain
28:14
the same. He says that that the only time
28:25
gold was slightly overvalued was in 2011.
28:29
OK. And since then we had zero rate,
28:32
interest rate policy. But in 2011 the debt to GDP
28:37
ratio was around 95%. Now the jet debt to GDP ratio is
28:46
at 122% and we know they say anything over what?
28:53
1/21/10 1:30 Statistically, no country has ever come back all
28:59
right after hitting an all time high above 1900 an ounce.
29:03
Gold struggled after that 2011 high.
29:06
But he's saying he doesn't see that happening this time and
29:09
there's no political incentive. Think about this guys.
29:14
There is no plan, no discussion within our government on either
29:18
side of the aisle to reign in government spending, right?
29:23
The deficit, the fact that our government spends, what, a
29:26
trillion or two more than it brings in every year, There's
29:29
nobody talking about that happening.
29:31
So the reality is this is only going to get worse.
29:36
The value of the dollar will only get worse.
29:39
Strand noted that although the Federal Reserve has aggressively
29:42
raised rates to bring down inflation, the global increase
29:47
in deficit spending means consumer prices are likely to
29:51
remain subdued for very long. Unlikely.
29:56
I was like, wait a minute, wait a minute.
29:57
Unlikely to remain subdued. He's saying what we talked
30:00
about. Inflation, baby is here to stay.
30:08
That's why I'm a strong believer in gold and silver.
30:10
They're the best protection against money printing.
30:14
Although the momentum is waning right now, though, it's not
30:17
waning this morning. It's a short term consolidation
30:22
in that the Fed could could be a catalyst for more big moves next
30:25
week. Western investors are just
30:28
starting to buy. As we can see in the ETFs.
30:31
We talked about that earlier, gold is significantly under, oh,
30:35
this is good. Gold is significantly under
30:38
owned compared to historic norms.
30:41
The global allocation to gold is around 1%.
30:44
If that normalizes to 5%, it would be transformative for the
30:51
gold price. Yeah, that would be about 5
30:55
times the amount of money coming into the precious metals sector.
31:00
Are you ready for that? I'm ready, right?
31:03
And I mean, if five times the amount of money comes into the
31:08
precious metal sector, you're going to see the metals take off
31:11
and you're going to see the mining stocks take off like
31:14
never before. There's still an opportunity to
31:24
gain some exposure. As undervalued as gold is
31:27
compared to his long term price forecast, he said the mining
31:31
sector is even more underappreciated.
31:33
We talked about that early. Mining stocks are cheap, OK.
31:38
He says there's a solid value in the mining sector.
31:41
So, yeah, as he pointed out, five times the amount of money
31:47
could be coming into the the gold and silver sector.
31:52
Is the economy crashing? I'm going to give you a quick
31:54
view into my mail that I saw two things I got in the mail
31:58
yesterday. Excuse me.
32:02
Allergies are killing me. Trying to mute the microphone
32:05
for you when I have to cough. This came from a restaurant here
32:08
in Saint Louis called First Watch.
32:11
Guys, they're back. OK, I'm getting all these offers
32:16
in the mail. Buy one, get one free.
32:19
OK, all right, guys, let's get the 200 thumbs up.
32:23
We'll ring the old cowbell. Then.
32:27
I got this one from Zhang Chi Chinese Restaurant.
32:30
And I look on the back, look at that.
32:34
It's full of buy one, get one free.
32:36
What does that mean to me? Number one, I'm very excited
32:40
because I love coupons. OK, I love buy one, get one free
32:43
coupons. It's like getting money in the
32:45
mail. But what it means is these
32:48
restaurants are hurting. I I tell you I'm I'd be honest,
32:52
right? I love Susie will tell you and
32:53
it's before my wonderful 19 year marriage to Susie Silver.
32:59
Susie, I did have another romantic involvement and I'll
33:04
never forget with one of the last things that she said to me
33:06
when we were leaving was and you always had to use a coupon when
33:10
we went out to eat. And I said good riddance, see
33:16
you later, right, because that's like free money.
33:19
So I trust me, I keep a close eye on buy one, get one free
33:22
coupons. They've been non existent for
33:25
the last three or four years and now I'm seeing them come back
33:28
with a vengeance because these restaurants are hurting.
33:32
They're desperate for customers, right?
33:34
People don't have the money to spend in restaurants.
33:37
So now we're starting to get all of these buy one, get one free
33:41
coupons. Let's move on here to couple
33:46
more quick. Well, here silver one more crazy
33:54
situation going on in the silver market from Kitco Jordan Finesse
34:01
silver self healing breakthrough could be a game changer for
34:07
electronics. We know silver solar panels,
34:11
microchips, everything else. This guy's apparently is
34:16
potentially a big story. Solid-state batteries announced
34:19
by Samsung, right? This is new news out of China.
34:24
Here we go. This is what I want to cover.
34:26
Just these two paragraphs. According to a new study
34:29
published in Matter, researchers from the Institute of Physics of
34:35
the Chinese Academy of Sciences have discovered that silver has
34:38
the intrinsic capability of autonomously self healing at the
34:43
nano scale level. The concept of self healing in
34:49
material science and engineering was inspired by the innate
34:53
ability of some living organisms to self heal, but thus far the
34:57
focus is generally been on soft materials like polymers and
35:03
hydrogels for solid-state materials.
35:06
So I guess that's like a solid-state battery.
35:08
Why they call it solid-state battery?
35:09
Because silver is a solid-state materials that that wasn't the
35:13
case. So what they're saying is, and
35:16
this is crazy that silver they're in China, they've
35:22
discovered a way that silver is self healing.
35:25
And that got me thinking, do we need to be careful?
35:27
Right here's here's 3 Morgan or one piece or two pieces and one
35:33
Morgan silver dollars, right? Listen to that our old friend
35:37
silver. Do we have to be afraid that at
35:41
some point we're I'm going to come down here and these things
35:43
are going to be fused together. But on a serious note, it's
35:47
another massive news story for silver, right?
35:51
Its ability and applications to be self healing.
35:54
They're saying this could this could this could be a
35:57
potentially a new unchartered use of silver in the medical
36:06
field. But also in the technology
36:09
field, I mean, everywhere we turn, is it like every week
36:15
we're getting some new major story about silver.
36:18
And I heard somebody say this silver improves everything that
36:24
it touches, whether you're talking about technology, right?
36:30
What I mean, microchips, solar panels right now, the self
36:36
healing ability silver just is, is shocking.
36:39
And it's every week, right? Don't forget, last week it was
36:43
Samsung in this new solid-state battery that's being tested with
36:47
Toyota right now. And they're saying that that
36:50
that the first place Toyota's going to roll these out isn't
36:54
Lexus, their luxury brand, these new EV batteries that address
36:59
all the major issues that people have with EV batteries.
37:04
You know, I was at the store the other day, the grocery store
37:07
getting Donuts with my daughter, and this guy pulled up in the
37:10
parking lot in this really cool Tesla and he was look like a
37:15
nice guy. It was a really nice car.
37:16
Was one of the model SI think it was the big, you know, and I
37:19
said, hey, do you like that thing?
37:20
He's like, yeah. You know, I liked it a lot more
37:22
when I first got it, but he was kind of complaining about taking
37:25
it on road trips and having to sleep in the back seat while
37:29
it's being charred. And, and guys, these new
37:35
batteries, right, address all the big issues.
37:38
They charge and like a fraction of the time, OK, they weigh half
37:43
as much, but they also use like a kilogram.
37:49
It's estimated of silver. So everywhere we turn,
37:52
everywhere we look, what we're hearing are new innovative uses
37:57
for silver. It's only going to get worse.
38:00
And, and, and we know. We know.
38:03
The reality is that there's less silver being produced every
38:07
single year. Hold on a second.
38:09
I'd really like to ring that cowbell.
38:10
Can we get 200 thumbs up? Who can give us some thumbs up?
38:14
And Susie will yell down at me to let me.
38:17
We just need one more. We need one more thumbs.
38:21
We got it. OK guys, let's ring the cowbell.
38:30
For those of you who are new basement dwellers #1 welcome.
38:33
You are part of the group number two.
38:35
We ring the cowbell when we get the 200 thumbs up on the today's
38:39
when Susie is able to be on the live stream.
38:42
Let's go back out and get another update on the gold and
38:45
silver price. See where we are.
38:48
OK, All right, $32 wow. Silver up 61 cents.
38:56
Wow, what a great day. What a great time to be invested
39:03
in the precious metals markets. And guys, it's only going to get
39:07
better. OK?
39:09
We got a top analyst, Ronnie Stoferly reminding us, right
39:14
that he sees $4800 gold. And I say that means triple
39:19
digit silver in the next 5 years.
39:21
Do you believe? I believe?
39:22
Do you, if you believe, if you believe that we could get to
39:26
$100 silver in the next 5 years? Type 100 in the comments.
39:32
OK. And I'll read some of your
39:34
names. Hello there, Silver Surfer.
39:36
Good to see you, buddy. How many of us believe we could
39:41
see $100 silver in the next 5 years?
39:43
I firmly believe it. PC boys.
39:47
Silver Shire. Hey, good to see you, Silver
39:49
Shire. Vincent Craig.
39:51
Nicholas. Brian Albin, Look at all you
39:54
guys. Blade Jays, Phil CM if I've
39:58
missed anybody. Joe, sorry.
39:59
Phil CM. The Lone Ranger.
40:02
Hi Ho Silver Silver Surfer. Good to see you, buddy.
40:06
Wes GP Greg Mann, Light of the World tomorrow.
40:13
William OK, $85 before the end of the year.
40:18
Jake from Jake's Custom Parts. Going out on a limb. 120, Dustin
40:22
1000 OK, here we go. 100 Okinaka, Nicholas.
40:27
Dustin. Sorry, I forgot to read the
40:28
names. Dwight.
40:29
William. Tomorrow.
40:31
Joe Cavey. Hope or belief?
40:33
Not sure, really. Yeah, that's true.
40:38
David Parrish, 200. All right, guys, man, we are on
40:41
a roll and that's where we're headed.
40:44
Brian Cole. You know, when I was talking to
40:45
Lynette Zhang yesterday, something came to mind and I
40:50
didn't get to ask her, so I'm not putting words in her mouth,
40:52
but she talked about all these countries that had overnight
40:58
currency revaluations and what happened to the value.
41:02
Hey, thank you, Psyops. Sorry, guys, I have a really
41:06
itchy throat today. Psyop says if it goes that high,
41:12
what's the chances commodities will just be priced in gold,
41:15
silver and no longer priced in Fiat?
41:19
Well, the argument could be made that that that, and I know what
41:21
you're saying, I don't think that we're going to get away
41:23
from the US dollar being used in some way, some form or fashion.
41:29
But really, Psyops, another way to think about it is are,
41:33
aren't, aren't other commodities already priced in gold and
41:37
silver right now? The dollar is just another
41:39
measurement, right? Like like the euro, the dollar,
41:43
silver and gold, they're all the same thing.
41:45
If you're looking at silver and gold from a monetary
41:48
perspective. And there's even this great
41:50
chart that shows, and I know Raffy Farber's been following a
41:53
close attention to it I believe lately, which is like the gold
41:57
to commodity index. So really they are already
42:00
priced in silver and gold. That goes back to my my argument
42:03
that we've never really gone off the gold standard in this world.
42:06
Thank you again for that super chat.
42:11
You know, they can, they, they fooled us.
42:13
They put us in a, in a, in a, in a dreamland where this is
42:18
supposedly valuable. And I know, I understand, you
42:24
know, if you grew up in this country or whatever country you
42:27
grew up in, whatever your paper Fiat of choice, whether it's EUR
42:30
or Canadian dollars, we're, we're, we're just, we're taught
42:33
to believe and it's very hard to undo that, that this actually
42:37
has some value. But the reality is that gold and
42:41
silver in these commodities are priced in gold and silver.
42:47
And I what I was saying earlier is what about this idea of
42:49
waking up to like waking up one morning and the dollar has been
42:54
drastically revalued because that's what's happened in a lot
42:57
of countries throughout, you know, happens in Argentina
43:01
happened hundreds and hundreds of times.
43:03
I'm not predicting that. I'm not saying you're going to
43:05
wake up tomorrow. And they're, but haven't we had
43:08
revaluation in this country? Like when Roosevelt confiscated
43:13
everybody's gold, what was that? 1933, right?
43:16
And then essentially revalued the gold?
43:19
Didn't we kind of have a revaluation, a slow motion
43:22
revaluation of the dollar after 1971 when President Nixon took
43:28
the United States off the gold standard?
43:31
It's kind of like they, they boiled us all like a bunch of
43:33
frogs, right? They took us off the gold
43:35
standard. And the reality is that the
43:40
dollar has lost 98% of its value relative to gold since Nixon
43:45
took us off the gold standard. So that's what's going on.
43:49
Hey, thank you to the moderators, Jake from Jakes
43:51
Custom Parts, Big Tim the Silvershire and of course, Annie
43:55
Oakley and Susie right from Susie's house, who's also known
43:59
as silver. Susie, thank you for being here
44:02
today, right? You belong, right?
44:05
We're a we're a happy group of people that love silver and
44:09
gold, right? You're always welcome here and
44:13
it might just make you even a little bit happier because who
44:15
doesn't like to be part of a fun group?
44:17
I want you to come back. Please subscribe to the channel.
44:21
Thumbs up and thank you for the Super chats.
44:23
OK, Thank you for the support. Always super appreciated.
44:27
Be good, do yourself right #1 treat yourself good and be nice
44:31
to other people today. I know you will.
44:34
I'll do my best as well, and I'll see.