Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / Are YOU Part of THIS PROBLEM? -- Plus PROOF the Dollar Succumbs to SILVER & GOLD

Transcript

Are YOU Part of THIS PROBLEM? -- Plus PROOF the Dollar Succumbs to SILVER & GOLD · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:04
Are you part of the 78%? Almost four out of five
0:08
Americans. I'm telling you guys, we are
0:11
heading towards a major catastrophe in this country.
0:15
Are we? Are you, am I part of the 78%?
0:19
What is going on with the gold price and silver price?
0:23
All time highs, I'm going to call it.
0:26
OK, How do you feel about this? We're going to dig in to some
0:29
interesting components of what's going on right now.
0:32
Are we indeed in all time high territory for gold?
0:36
You know, gold is the granddaddy, the big poobah of
0:41
the precious metals. And what is it telling us And
0:44
what are some unbelievable facts about this unbelievable rally
0:49
that we're having in gold and silver that can indicate to us
0:53
that there could be a lot, lot, lot, lot more to come.
0:58
We're going to talk about that. And I have two massive warnings
1:01
for you. I hate, I really hate that I
1:04
have to do this, but we've got big warnings.
1:06
Thank you, Todd, for that super chat.
1:08
Wow, I feel super happy. What a way to start.
1:11
Thank you. Thank you for being here.
1:14
Did I forget to tell you? You're in the basement?
1:18
It doesn't get much lower than this, guys.
1:20
We can only go up from here and we're having all time highs.
1:25
We'll wait back to that. You.
1:27
Yes, you are the most important part of Ron's basement.
1:29
That's why right in their infinite wisdom, they called it
1:32
YouTube because it's all about you.
1:34
So thank you for being here. Let's dig into some crazy
1:38
components to the gold and silver rally.
1:41
Are we indeed at all time highs? Let's run out.
1:44
Let's do it. Let's do it.
1:46
Let's go check the gold price and the silver price.
1:49
And thank you again, Todd, for that super, super chat, super
1:53
appreciated. We're going to go out the Pinbex
1:57
channel sponsor Pinbex and let's see here we had gold up 1053
2:04
when I loaded this this morning. Let's press the magic Pinbex
2:07
button and see what we got. Whoa, OK, I knew it was up.
2:13
Gold's up $22.00 per oz, $2443 per oz.
2:17
Silver $30.85 a couple. I was talking with bald guy
2:23
money this morning. What a great guy.
2:24
Super smart guy, really a genuine good person.
2:28
It's no wonder bald guy money, and I know a lot of you follow
2:31
him on YouTube has such a vibrant and growing channel, but
2:36
we were talking about what's going on and, and I'm going to
2:38
share with you a little bit of what we talked about.
2:40
And I'm certainly not trying to put words into his mouth, but
2:45
this gold price, this gold rally and this is actually very, very
2:49
exciting guys. Super exciting for those of us
2:52
who invest in silver and gold. We were talking about the fact
2:55
that really this massive rally take us.
2:59
I'm going to remind you, I promise I'll only say it three
3:02
more times during the course of the live stream.
3:03
We're at all time highs for gold or we're knocking on the door.
3:08
OK, silver, I heard Chris Marcus say this in an interview last
3:12
night, right? Silver's only been around above
3:15
$30.00 an ounce for very short periods of time.
3:18
Pull up a long term chart and look how often over the last 50
3:23
years the price of silver's been above $30.
3:26
I mean, I'm, I'm saying this myself, I believe that we are
3:30
very close to what for all intents and purposes will be an
3:34
all time high in the silver price.
3:36
And you know my theory on that baby, once we breakthrough 33
3:40
dollars, once we breakthrough 30, how do you feel about it
3:44
once we get into that $3435 range for silver?
3:48
It's Katie bar the door. But all this is happening with
3:52
zero interest in the West. I mean pretty much zero interest
3:57
in the West and bald guy money. And I were talking about that
4:01
this morning and I heard what I forget her name, Gwen Preston
4:05
talking about it. Great interview she did.
4:08
This is all because of China and India, right?
4:11
In China, the Chinese people, right, they got burned in the
4:15
stock market. They got burned in the
4:17
residential real estate market. They don't trust banks.
4:20
They don't trust paper money, right?
4:23
So what are they doing? Everybody wants to talk about
4:26
the Chinese central banks. The Chinese central bank, it
4:29
buys all the gold and they are and central banks are buying all
4:32
the gold. But guess who else?
4:34
All the Chinese citizens are also buying massive amounts of
4:38
gold and they're encouraging them to pivot to silver.
4:42
I've even heard reports that that's going on in India as
4:46
well. They're trying to pivot the
4:47
Indian people to silver. Now I know I got in big trouble.
4:51
I got, we got, we got less basement to others.
4:53
We got attacked because we pointed out a simple fact that
4:57
if only 70% of the Chinese people, only 1.4 billion people,
5:02
if only 70% of them were to buy one ounce of silver, they can
5:05
wipe out the whole year's supply, which is around a
5:08
billion oz. 70% of 1.4 billion would be 980 million.
5:14
So yeah, if they bought 980 million oz, bye, bye.
5:20
But what's crazy about this rally and exciting?
5:24
And this is good news, OK? Maybe at first glance, you know,
5:27
you ever hear like, you get some news and it's kind of like, oh,
5:29
that's bad, but it winds up being good.
5:31
Well, this is bad news that turns into good news, OK.
5:35
Because think about it, guys. This massive rally that we are
5:40
in right now, this could be the early summer rally like we
5:43
called last week for silver and gold.
5:46
It's happening with no interest in America.
5:50
Nobody cares. Crickets, right?
5:53
Maybe a few new people are are catching on.
5:56
When people start to pay attention to gold and silver,
6:00
when they start to see the metal hitting these all time highs,
6:02
when they start to see silver just rocketing forward, right
6:07
when they start. And here's the other sleeper
6:09
that I don't hear anybody talking about.
6:12
Sure, the big mining stock, the big gold and silver mining
6:15
stocks, the big boys, right, the bigger, even the mid size
6:18
companies, companies like Fortuna mining, sponsor of Ron's
6:22
basement OK, are doing well. Their stocks have done pretty
6:26
darn well over the last six months.
6:28
The reality is the other mining parts of the mining sector, the
6:31
juniors, the developers, the explorers, right?
6:35
They're they're they're like a depression level prices.
6:38
So I just want you to think, because this has everything to
6:41
do with the price of silver and gold, Wall Street can only
6:45
ignore massive profits by the big mining companies for so
6:49
long. And while the big precious metal
6:51
mining stocks have done pretty well over the last, what, 4-5,
6:54
six months, right? They've not done as well as they
6:57
should have, right? I mean, again, companies like
7:01
Fortuna mining their stocks up quite a bit so far this year.
7:04
All the big guys, Barrick, Newmont, they're all, but
7:08
they're not doing as well as they should.
7:09
And I'm going to tell you on the junior sector, the developers,
7:12
the explorers, companies like First Mining Gold, also a
7:15
channel sponsor, a stock that I own, right, Big two development
7:20
projects in Canada, one in Q1 in Ontario.
7:24
Those, those companies, those developers, the people that have
7:28
the future supply of gold, right, they can be fed into the
7:32
pipeline. They're like at depression level
7:34
prices, all of them, right. I mean, they have barely moved,
7:39
barely moved. So the key here is that if if
7:42
attention comes back on two different areas on the physical
7:46
metal in the West, but also into the mining stocks, it could be a
7:51
self feeding frenzy. It could be a situation where,
7:55
you know, people start to say, Oh my gosh, these are mine.
7:57
And I'm telling you these junior don't make any financial
8:00
decisions based on anything that I say.
8:02
OK, I have been wrong in the past.
8:04
I've been right too. Check me, go back and look at
8:07
the company I made many videos about four years ago, Antero
8:11
Resources, when it was $2.00 per share.
8:14
Right when I feel strongly about something, I will share it with
8:17
you. But I will also tell you that I
8:19
could be wrong. There was a period of time where
8:21
I really I was really into JC Penney stock.
8:24
But I'm telling you at the C19 crisis hadn't happened, Joe
8:27
Saltao would have made that into a great company.
8:30
That's besides the point. I'm talking about gold and
8:33
silver right now. I feel strongly, I mean these
8:36
mining, these junior mining stocks, if they get any
8:39
attention, it could be explosive and the same could be with the
8:44
with the metals themselves. Because guys, listen to what the
8:47
coin, the big coin dealers are saying, listen to what the
8:50
people that sell bullion in the United States, in the Western
8:54
countries, they're all talking that like the, I mean, they're
8:57
doing OK, right? Some of them are doing well
8:59
'cause they, they really provide a great service like channel
9:02
sponsor Pimbex Pi MB EX. But the reality is that there's
9:06
been almost no big wave of interest in the metals.
9:11
We know what happened and then we'll, we'll move on.
9:13
I got two big warnings for you. We got to talk about surprise,
9:17
surprise, surprise. Gomer Pyle opened his big mouth
9:20
yesterday. The, I don't know, Jerome
9:22
Powell, we're talking about him as well, but when we get just a
9:28
little bit of interest, oh, remember, let's go back in the,
9:32
let's go back in The Time Machine.
9:34
Do you remember? It was 14 1/2 months ago we had
9:38
a little bit of a banking crisis in the United States, Silicon
9:41
Valley Bank and whatever those other words were, right, it was
9:45
a big banking crisis. It got fixed by the Fed.
9:48
They magically they printed some paper money and papered over the
9:51
problem, the bank term funding program.
9:54
Anyway, during that period, you couldn't find silver and gold.
9:58
That's when premiums, that's when people were paying double
10:02
for these things. Let me show you.
10:04
This is the silver piece of the day.
10:07
Look at that. That came from Jake.
10:10
Oh, look, it's an American Silver Eagle.
10:12
You can buy these for like what, 5 dollars, $6 over spot right
10:16
now during the during the banking crisis 14 1/2 months
10:21
ago, people were paying like double, they were paying like
10:24
20-30 dollar premiums above spot.
10:27
So it will happen, right? But what the good news is this,
10:31
let's wrap this all up. Let's wrap it up in a nice
10:34
little package. Basement dwellers.
10:36
We've got near record prices right now in silver and gold,
10:42
OK? And it's occurred with no
10:45
support from the wealthiest country in the world.
10:49
So just imagine, use your imagination.
10:52
I know you have a powerful brain up there.
10:54
The basement dwellers. You are a unique breed, OK.
10:57
And it's a big deal. You're here.
10:58
Thank you. Don't forget, give this a thumbs
10:59
up. That helps get it out to more
11:01
people. And it feels good to press,
11:03
Excuse me, the thumbs up button. We have this opportunity.
11:10
I mean, look at what's going on with with the with the level of
11:14
metals in the vaults at the COMEX in the LBMA.
11:17
Look at what's going on. Let's go look at what, let's
11:19
look at what's going on in up. There's the Rawlings baseball
11:25
experience. I went there yesterday with my
11:26
daughter Evelyn. That is a cool place.
11:28
I'll tell you a little bit more about that later.
11:31
But let's go look at let's look at what's going on with silver.
11:36
It's a we got to say hi to our friend and someday I know he
11:41
will come in the basement and we'll see him there.
11:45
He is right there. The Oriental ghost.
11:47
I always say Shanghai ghost, which is wrong.
11:49
It's Oriental ghost. And let's see if they're letting
11:53
them put data out. Here we go, right.
11:55
Look at what's going on, $34.66 at the Shanghai Gold Exchange,
12:00
the Shanghai Futures Exchange, $34.69.
12:04
That is silver, OK, in U.S. dollars.
12:09
OK, so you've got, you got the vaults at the big exchanges,
12:12
they're being drained. You've got the Chinese paying
12:15
$4.00 an ounce more cash for silver and you have no interest.
12:23
I'm just, I'm going to say it one last time as we wrap our
12:26
heads around this, if we get even Rick Rule says it.
12:30
I've heard, I love when Rick Rule.
12:32
I, I think this is one of the smartest.
12:34
This is 3D chess. This is why you're here, right?
12:37
We aren't in the baby pool. We aren't in the shallow end.
12:40
We're in the deep end, right? And that's where Rick Rule is.
12:43
He's floating around on his floaty, right.
12:45
He looks right above the surface.
12:47
He peels layers of the onion back.
12:49
I know you want that too. And Rick Rule says this, and it
12:52
makes it very simple, but it makes sense, right?
12:55
We don't need, and he said this about silver, but I think it
12:59
applies to gold as well. We don't need silver to be loved
13:02
in the United States, right? For it to have a great price
13:06
increase. We just needed to be a little
13:08
teeny bit less hated. And it's true, guys, it's true.
13:12
Now I got to give you, let's shift gears.
13:15
I hate to have to do this. It really does stink that we
13:18
have to do this. But it's important you hear this
13:20
and it's two big warnings, number one.
13:23
Number one, OK, I got an e-mail this morning.
13:26
If be careful, be careful, silver and gold investors.
13:31
I don't give financial advice, but I'll give you my honest
13:35
opinion. When I think I see scams, I'm
13:39
laying in bed this morning, I get an e-mail from another
13:41
YouTube. He says, hey man, I love your
13:43
content, you're doing great. I just want to tell you, you're
13:46
not making enough money off your sponsorships.
13:48
You're getting ripped off. He's like, you should consider
13:51
and I'm not going to divulge this person's name or the
13:53
company that he referred to 'cause there's several companies
13:56
that do this. But you should check out this
13:58
gold IRA company and join their, let them sponsor them.
14:02
Let join their affiliate program because of this and I was
14:05
shocked when I heard this he said because because if you if
14:10
you refer people to this company, they'll pay you either
14:14
was up to or they will pay you 10% of what other what people
14:20
convert their Iras to gold or silver, they'll pay you Ron 10%
14:24
of the amount. And then he did some real
14:26
complex math for me. I appreciate it.
14:28
He said, So that means that if you refer somebody and they
14:31
convert $100,000 of an IRA into gold and silver, you'll get a
14:36
$10,000 Commission. Oh, great, great.
14:41
Warning, warning, warning. OK, guys, warning.
14:45
So then I went out and looked at this company, right?
14:47
And I'd heard of them and guess what?
14:49
They have a, they also have a celebrity endorser.
14:52
I won't say his name, but it's a person that you would recognize
14:56
who used to play sports back in the 80s and 90s.
14:59
Anyway, and I'm thinking and it and it all, and they've got all
15:03
these things on their website like, oh, we're 4.8 out of five
15:06
stars and we're great. Let me tell you something right
15:09
now. OK, Let me tell you something,
15:12
OK, if I what? Susie.
15:18
Oh, OK, cool. 100 thumbs up. Thank you, guys.
15:20
I'll ring the bells in a little bit.
15:22
I'm on something, but I'm warning you, OK, if that
15:25
company's going to pay me 10 grand, OK, as a referral
15:28
Commission out of 100,000 that gets referred to him, guess
15:31
where that 10 grand's coming from?
15:33
You got it. It's coming out of your pocket,
15:36
OK? It's coming out of your IRA
15:39
money that you worked hard for, that you slit, you worked your
15:42
butt off. Be careful is I've heard Andy
15:45
Scheckman talking about this recently.
15:47
I've talked to the brothers at Pinbex about this recently,
15:51
about how there are and it's not everybody, right?
15:53
It's not, but there are definitely some scam companies
15:57
out there, OK. The other thing they'll try to
16:00
sucker you with is, oh, you get up to $10,000 and free silver.
16:05
Don't come on. You know, if it sounds too good
16:07
to be true, it is, right? And in those situations the same
16:11
thing as well. I mean, you could hypothetically
16:14
wind up putting like $100,000 of an IRA into a precious metals
16:20
IRA and really only wind up with 50 or 60 or 65 or who knows,
16:26
right, worth of actual metal. What matters, right?
16:29
And again, I'm not giving financial advice.
16:31
I'm just giving my opinion. But what matters?
16:35
And I would never represent any company, right that would pay me
16:39
a 10% Commission off of money that you converted.
16:42
Let's get that straight right away.
16:44
Yes, Pembex pays me all right, monthly.
16:47
I have no, I make no Commission, right.
16:50
But I they're sponsor the channel.
16:51
I get paid a certain amount fixed on a monthly basis.
16:55
OK, now, but I would never work for a company that would pay me
16:59
a massive Commission. OK, a massive Commission on
17:03
money that somebody that I referred had put in that was
17:06
coming out of their pockets. Don't ever fall for this $10,000
17:11
free silver scam, OK? The big key if you're ever going
17:16
to convert, take your time. Take your time, right?
17:21
Check a lot of different options, OK?
17:24
But at the end of the day, what you want to do is compare how
17:27
much silver, how much gold. If you're going to convert
17:30
$10,000, fifty, 1100, doesn't matter.
17:33
A million, 10 million, whatever. Compare how much actual ounces
17:38
of silver, how many actual ounces of gold you're going to
17:42
get if you do a conversion, OK? That's the bottom line.
17:46
Don't let them fool you with oh, Numis, you know, collector coins
17:49
and weird weights, quarter oz, blah blah, 1 1/4 oz, whatever,
17:54
don't fool. What matters is how many ounces
17:58
of silver am I getting for my money?
18:00
How many ounces of gold? That's warning number one.
18:02
I was just shocked. I'm like, how could anybody?
18:05
Then I'll be quiet. How could I could not sit down
18:08
here and say, hey, guys, you should.
18:10
If you're going to convert an IRA into precious metals, you
18:14
should check out XYZ Company. Yeah, you know their name.
18:18
You see, they advertise on TV. They've got a celebrity endorser
18:21
and then that and then that 10% would be taken out of your money
18:26
to be paid back to me. Sorry, I'll never do that.
18:29
The other thing I need to warn you about is if you do want
18:32
some, now, this is legitimate. Let me show you some free
18:34
silver. And this is thanks to our
18:36
channel sponsor, Penn Becks. OK, it's not $10,000 worth.
18:40
Sorry, that's not real. That's too good to be true.
18:43
But here, wrong way, that way, right over there, right?
18:50
That's a 10 oz silver bar, Coca-Cola, A5 oz silver bar,
18:55
Coca-Cola and a one ounce silver bar.
18:56
It's a giveaway I'm doing with pin backs.
18:59
But I got to give you a big warning about this as well,
19:02
unfortunately. OK, big warning, massive
19:05
warning, but if you do want to enter into this contest, there's
19:09
a link in the description of this and every video I'm going
19:12
to do it's on August 31st, so you have plenty of time.
19:15
So don't leave the live stream now, please.
19:17
OK, we're going for 500 people today.
19:20
None the less, there's a link, there's a giveaway video and you
19:23
just have to leave a comment on that video.
19:25
But unfortunately, I need to warn you about this as well
19:30
because now I'm getting a bunch of emails, right?
19:34
I've probably gotten 25 emails from people saying, hey, I got a
19:37
message from from that says that I won the contest.
19:41
The contest is going to be drawn on August 31st.
19:44
OK, I will never reach out to you.
19:46
You can reach out to me if you want.
19:48
You have my e-mail address, which a lot of you have found
19:50
and emailed me and thankfully you haven't fought for.
19:53
There are imposters out there that use my picture and all the
19:57
YouTube people have to deal with this.
19:59
They take my picture, they download it, they make a profile
20:02
and they send you a message saying, hey, congratulations,
20:04
you won the giveaway. And I don't know how they're
20:06
trying to scam you, but I can tell you it's a scam.
20:10
So we'll never reach out to you. Don't fall for these scams.
20:14
It's unfortunate and I'll try to remind you guys of this from
20:17
time to time. I know that all the you know,
20:19
there's and they're insidious and they're.
20:22
They're cockroaches, is what they are.
20:24
OK, we got incredible news about gold.
20:27
We have incredible news about silver.
20:30
OK, we covered the warnings. OK, let's talk about our old
20:35
friend. Jerome Powell.
20:39
Gomer Pyle. Right, Sergeant Carter.
20:42
I was thinking if Jimmy Carter was still president, we could
20:44
have Sergeant Carter and Gomer. Jerome Powell.
20:47
Gomer Pyle. Guess what?
20:49
He's changing his tune. Oh, but we're going to, we're
20:52
going to we're going to analyze this and we'll be quick about
20:55
it. But but he's changing his tune
21:00
from CNBC. Look at this headline came out
21:03
yesterday and unfortunately my highlight thing kind of cut the
21:06
letters off. But it says Powell indicates the
21:09
Fed won't wait until inflation is down 2% before cutting rates.
21:15
Oh, now Jerome's changing his tune.
21:18
I'm going to tell I'm going to give you we're going to we're do
21:21
you think he's full of it? But I'm going to explain to you
21:24
why I think he is. Then you can make your mind up
21:26
for yourself. Federal Reserve Chair Jeremy
21:28
Powell said Monday that the central bank will not wait until
21:32
inflation hits 2% to cut interest rates.
21:35
OK, speaking at the Economic Club of Washington, I'm sure you
21:40
like me. I've been there a couple times.
21:42
I I'm not real impressed with their food.
21:44
I don't know about you, but anyhow, he referenced the idea
21:47
that the central bank policy works with long and variable
21:51
lags to explain why the Fed won't wait for its target to be
21:54
hit. Powell is is is shaking in his
21:58
box. OK here, Right.
22:01
You guys know this, right? Here he is.
22:03
Hold on. Are you guys still there?
22:06
Yeah. OK, look, he's shaking in his
22:08
box, right? He's basically now telegraphing
22:12
that they're going to have that, that they're losing the fight.
22:14
This is what he's telegraphing. They're losing the fight on
22:17
inflation. We talked about this six months
22:19
ago, right? So it's all the biggest cluster
22:23
bomb smoke and mirror that you're ever going to experience
22:26
in your life. Guys, they can't win the fight
22:29
on inflation and he's giving up. OK?
22:34
He knows it, right? They're never going to tell you
22:36
the truth. They're never going to be honest
22:38
with you. They can't win the fight on
22:41
inflation. You want to know why?
22:44
Here, here. Take two seconds to show you
22:47
why. Here's why.
22:53
It's like the ever anybody. Oh my gosh, it really went up
22:56
quick. We're 34909 thirty 4 trillion.
23:00
That's why they will never win the fight on inflation.
23:04
The only way that they can deal with this is by devaluing the US
23:10
dollar. And when the US dollar goes down
23:13
in value, the price of everything goes up, up, up.
23:18
Have you ever noticed that? If you, how long have you been
23:20
alive, right? I mean, we're kind of been
23:22
gaslighted, right? That slow process of changing,
23:27
right? We've been gaslighted by
23:29
generally how slow it happens, like, oh, you know, it's a 5
23:33
percent, 2% a year. The only thing, the only way
23:37
they can deal with that, with that massive debt level with
23:40
politicians out of control in Washington.
23:43
Oh, I got a funny for you later. I'm going to show it to you
23:47
right now in one second. Politicians out of control is to
23:51
devalue the dollar. On top of that, we're in this
23:54
environment. We got a lot to talk about guys,
23:57
where the world is moving away from the dollar, its massive.
24:02
So that's what's going to so they're going to look at the end
24:06
of the day, what really helps gold and silver like we're in
24:09
this little temporary like what's the, what's a good term
24:13
for it? Temporary holding zone where
24:16
lower inflation's good for gold and silver and we'll play their
24:20
game. We'll play their game.
24:21
OK yeah, sure, yeah, lower inflation's good for gold and
24:24
silver, sure. But in the long run, right, the
24:27
dollar goes down in value, inflation goes up.
24:30
OK, gold and silver, save your your your behinds.
24:34
OK. Now let's go see something
24:36
funny. It's funny time. 334 people.
24:39
You guys are awesome. Where are we?
24:41
Here. Here we go.
24:45
This is great. Today, if Dorothy, this is the
24:48
Wizard of Oz, which as you know, is all about gold and silver.
24:51
But today, if Dorothy ran into men with no brains, no no heart
24:55
or no courage, she wouldn't be in Oz.
24:58
She would be in Washington. Isn't that true?
25:05
But they're looking out for you. Don't you worry about it.
25:07
OK. Yeah.
25:09
So that's the situation here. I got this great note.
25:11
I got to read this to you. OK.
25:14
Higher inflation in the end. In the end, what's going to
25:18
happen is inflation is coming back.
25:20
I don't know if I have hyperinflation.
25:22
I'm not going to try to scare you and oh, we're going to have
25:24
hyperinflation. We very well could, no doubt
25:26
about it. But in the end, inflation is
25:30
going to beat out, is going to be greater than the prevailing
25:34
interest rates. A lot of people argue that that
25:37
is the case right now. OK, But when the market
25:40
recognizes when people re. No, I did not Susie.
25:46
Sorry, Susie. OK, hold on guys, let's do the
25:49
pocket pinger for 100 thumbs up because Susie is requesting it.
25:53
We love Susie. All right there you go.
26:02
That's 10 pings of the pocket pinger for the 100 thumbs up.
26:04
When we get the 200 thumbs up, I will ring the cowbell, which
26:08
will make some of you mad. So I will give you a little bit
26:11
of a warning, but the big picture.
26:15
And then we're going to we're then we're going to move on to
26:17
the 78% and we're going to talk about what's going on in this
26:20
country right now, which is downright frightening and scary,
26:25
right? People don't realize how bad
26:27
things are, OK? People don't.
26:29
And part of that has to do with this inflation that we're
26:31
talking about, right? Inflation, inflation, inflation.
26:35
There is no way out, right? Remember that song?
26:38
It's time for me to sing, which I know a lot of you request.
26:41
I sing once during each live stream.
26:43
No way out. She didn't buy my story.
26:48
You know that song, right? And that's the American people
26:51
right? Right now here's oh, this is a
26:53
great analogy right now with this guy.
26:56
It's not just him, it's not just him, it's him or her.
27:04
Is it a him or a her? It's a her.
27:11
They, they, they guys. They're like, it's like this.
27:18
You ever been in a relationship? You ever been in a relationship?
27:23
Probably. We all do.
27:24
We all get all. You're in a relationship right
27:26
now. And by the way, it's a big, big
27:28
deal that you're here, OK? Maybe you're lonely.
27:31
Hey, I get lonely. I'm down here in a basement by
27:33
myself, right? It can only get better from
27:36
here, is what we like to say. And it is getting better.
27:39
But it's a big deal that you're here no matter where you're
27:41
joining from. Thank you.
27:42
I'm going to beg you one more time for a thumbs up.
27:44
It feels good for you to press it.
27:46
So go ahead. I dare you press it.
27:48
And yeah, you can always subscribe.
27:50
It's free. I don't push for subscribers.
27:52
What matters to me is how many of us get together on a daily
27:55
basis. And right now, we got 350
27:57
basement dwellers. But if you've ever been in a
28:00
relationship, right, And the person's cheating on you, you
28:04
kind of know, you kind of understand.
28:06
I've, I've been there. I'll be honest, right?
28:08
I don't like to admit it, but I've been there, right?
28:10
You kind of know something's going on, right?
28:13
But then, and that's what they're doing, OK.
28:16
But eventually the truth comes out.
28:19
And eventually the truth is going to come out.
28:21
And the truth is going to be very hard for the 99% of
28:26
Americans that are asleep that they whoa, everything's great,
28:30
everything's awesome. It doesn't matter how much
28:32
national debt we have. I have a friend who's a multi
28:36
millionaire, super smart guy, super successful, right?
28:40
10-15 years ago we would talk about this debt is out of
28:43
control. He's like changed his tune.
28:45
Now he's like, it doesn't really matter.
28:47
It's a well, yeah, it's because you own a bunch of stocks and
28:50
millions of dollars in property. So you're doing well for
28:55
everybody else. It's called inflation, right?
28:57
For you, you're doing well none the less.
29:01
I digress at the end of the day, let's wrap this up.
29:04
The dollar is going down in value.
29:07
Prices are going up up, up, up up OK and the and you will you
29:13
will be very happy that you yes you decided to protect yourself
29:18
with silver and gold. 78% of Americans, this is crazy. 78% is
29:24
this you, right? It could, very likely, could be,
29:28
right. Four out of five of you,
29:30
according to statistics, are living paycheck to paycheck.
29:33
Let's go check this out and let's talk about why this is
29:36
going to lead us to a major crisis in this country and what
29:40
that's going to mean for the value of silver and gold.
29:44
Before I do that, I want you to join me in getting yourself a
29:49
quick drink of coffee. OK, guys, this comes from
30:01
Forbes. OK, Here we go.
30:05
Living. I'm losing my voice.
30:07
Living paycheck to paycheck. Statistics for 2024.
30:12
Shocking. This is shocking.
30:16
Here we go. Where'd it go?
30:18
As where'd they put it? Oh, boy.
30:22
Something's something's going wrong with the computer here.
30:24
Hold on a second. Living expenses in the US
30:27
continue to rise, and wages struggle to keep up.
30:30
It's unsurprising that Americans of all generations are having
30:33
hard times financially. For many, this means living
30:37
paycheck to paycheck. But what does it mean to live
30:39
paycheck to paycheck? And what underlying factors are
30:42
driving this trend? Here we go.
30:46
OK, what's the definition? I've never heard this.
30:50
And so we're going to learn something here.
30:51
The definition of living paycheck to paycheck is for the
30:54
purposes of this survey. Living paycheck to paycheck
30:57
describes a financial scenario in which an individual or
31:05
family's income barely covers the essential living expenses
31:09
like housing, utilities, groceries, and transportation.
31:13
One missed paycheck would put someone living paycheck to
31:17
paycheck in a difficult spot. OK, so your money you're
31:20
bringing in barely covers your ability to survive.
31:25
How many Americans? Sorry guys, I'm losing my voice.
31:32
A 2023 survey conducted by payroll.org, this is 2023,
31:38
highlighted that 78% of Americans live paycheck to
31:42
paycheck, a 6% increase from the previous year.
31:46
So let me ask you this question. Let me ask you this question,
31:49
basement dwellers. If we know that last year it was
31:53
78% of Americans living paycheck to paycheck, Do you think it got
31:57
better over the last 12 months? Do you think?
32:00
Do you think no, it's gotten gotten worse?
32:03
It's probably in the 80s now, 8283, maybe 85%.
32:08
I mean, this is crazy on many, many levels.
32:15
OK? This, this, this was OK, similar
32:21
to 2023. Wait till you hear this.
32:23
Forbes Advisor survey revealed that nearly 70% of respondents
32:27
either identified as living paycheck to paycheck.
32:31
OK, that's 40% of them. Or even more concerning,
32:36
reported that their income does not even cover their standard
32:41
expenses. That's 29%.
32:43
Three out of 10. Now, further shocking which
32:46
generation is having the hardest time?
32:48
This shocked me. Certain generations struggle
32:51
more than others when it comes to living paycheck to paycheck.
32:53
For example, nearly half of the baby boomer respondents who are
32:59
nearing retirement or are or already retired say they are
33:05
living paycheck to paycheck. Half of the baby boomers.
33:09
That's a higher percentage than any other generation.
33:12
So I ask you this question, right?
33:15
I ask you this question as we look at the United States right
33:18
now, our economy that's so strong and doing so great and
33:21
doesn't need to be stimulated, How can we have half the baby
33:25
boomers living paycheck to paycheck?
33:27
How can we have, and I've got a bunch of notes here, this, this
33:30
really, I mean, how can we have 4 out of five Americans, right,
33:35
living in total paycheck to paycheck?
33:38
People are struggling. OK, this is interesting.
33:40
I'm hearing more and more stories.
33:42
Do you know people maybe you're in this situation, OK, People
33:47
that maybe had no debt. I had a guy e-mail me the other
33:50
day. He's like, I had no debt five
33:51
years ago, All right, everything was good.
33:53
I wasn't rich. I got my job.
33:55
I still have my same job right now.
33:58
He said same job, right? But now I have to use my credit
34:03
cards. Like he's one of the people that
34:05
are living not just paycheck to paycheck, but beyond paycheck.
34:08
I said I, I have to use my credit cards, right to
34:12
supplement my grocery expenses. I mean, and I can understand it.
34:16
Susie and I, we have twin 12 year old daughters.
34:19
I mean, the food is incredible. And then on top of it, if you
34:23
even think about going out to eat, I mean, you can blow your
34:27
whole weekly food budget on some half cruddy meal.
34:31
You know, I mean, it's really crazy.
34:33
Are you in this, in this, in this thing?
34:35
You got to look if you are, and it's what here's what's, here's
34:39
the situation in this country right now.
34:41
We've become a country of haves and have nots, OK?
34:45
It is really bifurcating. It's happened, right?
34:49
It's interesting that simultaneously we're also
34:52
becoming very bifurcated from a political view perspective.
34:55
But this isn't a political show, so we're not going to talk about
34:58
that. But economically we're becoming
35:00
bifurcated where you have the small group of people that say
35:04
everything's great and they look at you like, how could you be
35:07
struggling, right? Because look, look, man, if you
35:11
put a bunch of money in the stock market 10 years ago, 15
35:15
years ago, all right? And you didn't have to note yet,
35:18
look, these, these people aren't any smarter than the people that
35:21
don't have money in the market. They just were, were fortunate
35:24
that they put money into the market.
35:26
You've made 10 times your money, five times your money, right?
35:30
Six times your money, you feel rich, right?
35:32
Maybe you own a bunch of rental houses, you feel rich, right?
35:36
But that's a small the only reason those people got so rich
35:40
is because of the Federal Reserve printing a bunch of
35:43
money. It's very synthetic, right?
35:46
Right. And all that's done is to serve
35:49
the purpose of concentrating the amount of wealth in this country
35:52
into fewer and fewer people's hands.
35:55
So if you are one of those people, be grateful.
35:58
Susie and I are kind of in the middle.
35:59
Look, I'll be transparent. No, I'm.
36:01
I'm one of those people. I don't have any debt.
36:04
Do we have money saved? Yes.
36:05
We have money saved, Right? Are we wealthy?
36:08
No. I work a little job at night.
36:09
I do this. I work hard.
36:11
And I'm telling you, it's hard. Are you?
36:13
Are you, maybe you're a retiree. OK.
36:17
It doesn't matter. Maybe you're a a, a, a family
36:20
man like me, right? A family man trying to raise a
36:23
family. It's hard.
36:24
You got to look for free stuff to do.
36:27
Yesterday Here. I'll show you.
36:29
Let's go on a quick field trip. There's Dorothy.
36:34
Hi, Dorothy. Yesterday.
36:37
Here we go. There's my daughter Evelyn
36:38
hitting baseballs. We went to the Rawlings
36:41
experience. There we are eating lunch.
36:42
Yeah, very few times. And I just want you to notice
36:44
water, water, OK. And we only ate half our
36:48
sandwiches each and brought it home.
36:50
I mean, it's getting to that point where I'm like, you know
36:52
what? I've had enough to eat.
36:53
I'll bring this home. So if Susie can have it or
36:54
whoever there she is at the baseball glove.
36:57
Anyway, this place is cool. You guys are ever in Saint Louis
37:00
if you like baseball. I'm not a huge base, but it's
37:02
like 10 minutes from my house. It's called the Rawlings
37:05
Experience. It's free, and they even have
37:07
free batting cages, and that's why I heard about it.
37:10
I'm like, free batting cages or batting cage, but then that
37:14
other thing where you can hit the balls off the tee Anyway,
37:17
I'm like, yeah, let's go. You know, Evie, we'll go do it,
37:20
right? I mean, you got to find, like,
37:21
free stuff to do. And then we got hungry.
37:24
Imagine that. So we wound up eating out of
37:26
they know what it costs for two chicken sandwiches.
37:29
All right? And they were OK.
37:30
All right. Two chicken sandwiches and two
37:32
waters. By the time we left, our bill
37:35
was $38 and this was not a fancy place, so you really got to look
37:40
for free things to do. OK, if you are one of those
37:43
people that are doing well, you better be happy.
37:46
Look, we're going to talk about the about gold and silver more
37:49
here in a second. OK guys, because most people are
37:52
struggling. OK, let's go here.
37:57
I got this printed out for you. This what I think is some very
38:03
insightful information about the dollar.
38:08
Is the US dollar really too big to fail?
38:12
This comes from the company Gold Switzerland and the guy Matthew
38:17
Pipenberg. If you don't know who Matthew
38:19
Pipenberg is, I talk about the smartest guys in the room, Tavi
38:23
Costa, Rick Rule, Matthew Pipenberg.
38:27
These are the the what I think are some of the smartest people
38:29
out there. He wrote this and I, I got some
38:32
excerpts here that I want to, I want to share with you 'cause
38:35
this tells us what's going on with the dollar, but really with
38:39
gold and silver as well. It says he starts out that
38:42
between politics driven between politics, currencies and
38:46
markets. OK, it's fair to say we live not
38:50
in not interesting, but actual surreal times.
38:54
Oh, shoot, hold on here. Apologize, guys, OK, but it
39:02
missed the surreal. The dollar, as many believe, is
39:06
our rock, is our rock. And and so the dollar's the
39:09
rock, the immortal, albeit often unloved, constant.
39:13
But is the US dollar too big to fail?
39:15
And then he's got a lot of stuff where he talks about what's
39:17
going on to a de dollarization and the bricks.
39:20
We know all that, right? The world is moving away from
39:23
the dollar. But he then he gets to a point
39:25
in the article where he says going around the dollar, 'cause
39:30
people all think, oh, the dollar's doomed the dollar, you
39:33
know, the dollar's going to be gone tomorrow.
39:36
He puts out there that going around the dollar rather than
39:39
replacing the dollar. For me, debating a gold back new
39:42
currency or the end of the dollar drama thesis is missing
39:46
the bullseye. OK, let's look at the facts.
39:49
The fact and evolving history of today and tomorrow suggests that
39:53
the real story is not about replacing the dollar, but simply
39:57
going around it in a new price direction paved in both black
40:01
and real gold. He throws in the the oil, the
40:04
oil thesis as well. Toward that end, look at what
40:08
the rest of the world. This is where it's interesting,
40:10
this list of facts of what's going on in the rest of the
40:13
world and its central banks are doing, not what they or our
40:19
financial leadership are saying. What are they actually doing?
40:24
Says since the 2008 great financial crisis, Putin has been
40:27
hoarding gold. Since 2014, global central banks
40:31
have been net sellers of U.S. Treasury.
40:34
So they're selling the dollar basically, and net buyers of
40:38
physical gold. In 2020, three, 20% of global
40:43
oil sales were outside of the US dollar, despite being pegged to
40:50
the US dollar. Dollar Saudi Arabia, the UAE and
40:53
other GCC nations. Favorite import out of
40:57
Switzerland this year is physical gold.
41:01
More than 44 nations are currently executing trade
41:04
settlements outside of the US dollar.
41:07
Both Japan and China, historically the most reliable
41:10
buyers of U.S. Treasuries.
41:12
Uncle Sam's IO, US are now dumping billions and billions
41:16
worth of them, selling the dollar, buying gold.
41:20
In the case of China, Russia is the world's greatest commodity
41:24
exporter. I didn't know that.
41:26
And China is the world's greatest commodity importer.
41:29
I honestly probably didn't know that as well.
41:31
And they like each other far more than they do Biden or the
41:36
next White House president. More importantly, it is a matter
41:40
of national survival for China to buy oil outside of the US
41:44
dollar. Russia is now selling oil to
41:47
China in yuan, which the Russians then use.
41:50
OK, so China, I'm sorry, Russia sells China oil OK in the in the
41:57
So the Russians then use to buy Chinese goods once made in
42:01
America. Thereafter any delta in the
42:05
trade is net settled in gold. That means any difference.
42:08
So if Russia sells China, you know, a billion dollars worth of
42:13
oil and China says here we'll ship you 800 million worth of
42:18
clothing products, whatever manufactured goods, they still
42:22
owe Russia 200 million. Russia's going to get that not
42:25
in yuan, but in gold. And they can do that through the
42:29
Shanghai Gold Exchange, which it says right there.
42:32
He says this folks is a bricks is is bricks scalable, meaning
42:36
the other bricks countries can do this.
42:39
Between swap lines and CIPS, alternatives to the SWIFT
42:42
system, and rising negotiations between Gulf oil nations and
42:46
other bricks big bigwigs, the current move away from the
42:49
dollar denominated oil trade is real rather than imaginary.
42:53
That's the whole Petro dollar falling apart.
42:56
Given the growing decline of physical gold and silver levels
42:59
at the New York and London exchanges, right the COMEX and
43:03
the LBMA, they can no longer price fix gold as in the days of
43:07
yore. Nor can they justify a different
43:10
200 moving day gold price than one more fairly priced in
43:16
China's exchange. China is taking over right?
43:19
The are having much more influence on the price of gold
43:22
and silver. The BRICS plus nations are no
43:24
longer U.S. dollar pawns but rising rooks.
43:27
Their share of global GDP is surpassing that.
43:31
OK, OK, Super chat and cowbell, I'll get right there.
43:35
I know guys, this, this is crazy stuff.
43:38
I wanted to get through this then we'll go back, I promise.
43:41
In 2023, the Bank of International Settlements
43:45
declared physical gold a tier one asset massive, right
43:51
alongside that of cash and 10 year U.S.
43:54
Treasuries. They said gold has the same
43:56
value and we know that over A50 year period now gold has
44:00
outperformed U.S. Treasuries.
44:02
Nations are openly and naturally preferring gold as a reserve
44:05
asset over the other tier one options, dollar based IOU
44:10
treasuries. Risk free return, which by any
44:13
honest and current and future measure of inflation offers a
44:17
negative real yield. We talked about that earlier
44:20
that inflation is not inflation is going nowhere, it's real.
44:24
In other words, return free risk.
44:28
No matter how enamored the green crowd is with ESG, we are now
44:31
decades and decades as well as trillions and trillions away
44:35
from carbon neutral. And like it or not, energy
44:38
matters. OK, China and India each have
44:41
populations over 1.4 billion. We talk about that all the time.
44:45
If oil demand increases even slightly in either of these
44:49
BRICS countries, oil prices in rupees and yuan will explode.
44:53
Two of the biggest players in the oil space don't want to use
44:56
dollars to pay for it. Instead, they prefer to net
44:59
settle their oil and gas in gold, which buys more energy
45:04
than dollars can. It's all about gold.
45:06
It's all about oil. It'll be about silver as well,
45:11
given that the annual oil, annual annual production
45:15
capacity for oil is 1512 to 15 times that of global gold.
45:20
And with gold increasingly becoming the favored oil
45:23
payment, gold's price relative to oil can only go up.
45:29
And this gets very complicated. But hopefully on a simple level
45:32
that makes sense. Oil can drive the gold price, in
45:37
particular if if, if oil is repriced in gold.
45:43
And that's what he's saying is going on.
45:45
I had a conversation with a big Canadian banker in September of
45:48
last year where he first, he was the first person that had taught
45:52
me about this. Like the Chinese are basically
45:56
buying oil for gold with gold right through the Shanghai Gold
46:01
Exchange, right? If, if, if they if they just buy
46:04
nothing but oil from Russia and pay them in yuan that the
46:08
Russians can immediately convert that to physical gold.
46:11
Because remember, the Shanghai Gold Exchange is a physical
46:15
market. This explains why gold is openly
46:18
and not theoretically becoming a more trusted reserve asset than
46:23
U.S. Treasuries.
46:24
And look at this one final chart that he had.
46:26
I want to show you this and then I'll ring the bell.
46:29
OK, Central bank purchases of gold is the blue line versus
46:37
foreign official purchases of U.S.
46:40
Treasuries. That's the red line.
46:42
So the blue is the amount of gold being bought by world
46:45
central banks. Up, up, up, up, up.
46:48
In the red is the amount of U.S. Treasuries.
46:51
Down, down, down. A little bit of an uptick, but
46:54
are you noticing a trend? Thank you to Matthew Pipenberg
46:58
for what I think is some of the smartest, most insightful
47:01
analysis out there. The world is changing.
47:04
And we got a super chat that I missed.
47:06
Let's say thank you. Hey, Daniel, thank you.
47:09
And looks like maybe you have something to say.
47:11
Ron and Susie, thank you for making my mornings.
47:13
Y'all give me food for thought. Howdy, basement dwellers from
47:16
Texas. Thank you, Daniel.
47:18
Wow. And thank you again, Todd, for
47:20
that very generous super chat. So let's switch switch gears to
47:25
silver here quickly. All right, more right.
47:28
It just never ends. More crazy news about silver.
47:33
Here we go close. I don't want you.
47:38
This is came out late late last week.
47:40
Thank you to my friend Mark S for pointing this out to me.
47:43
Highly efficient, OK and stable solar cells can now be mass
47:48
produced like printing newspapers.
47:50
There are massive innovations going on in the solar industry.
47:54
Need I remind you, every time you see one solar panel, you can
47:58
think of an ounce of silver. OK, maybe a little bit of an
48:02
exaggeration, but 2/3 of an ounce of silver in each solar
48:05
panel. The amount of solar panels being
48:07
manufactured is absolutely exploding, right?
48:10
Solar farms the size of Paris going up all over in China.
48:14
This is real. This is massive demand for
48:17
silver. I heard Keith Neumayer speaking
48:19
last night. He talked about the fact that,
48:21
yeah, they tried to kind of get rid of the silver or reduce the
48:25
amount of silver and solar panels.
48:27
That didn't work out too well for him.
48:29
So guys, yes, this is happening. This is real.
48:33
OK, let me just read this quickly.
48:35
Scientists at the City University of Hong Kong have
48:38
developed highly efficient, printable and stable perovskite
48:42
solar cells to achieve carbon neutrality and promote
48:46
sustainable development. This new type of perovskite
48:49
solar cell can be mass produced at a speed comparable to
48:53
newspaper printing with the daily output of up to 1000 solar
48:58
panels. This is interesting owing to
49:01
their flexible semi transparent characteristics.
49:04
They can also be made into light absorbing glass windows,
49:08
realizing the concept of urban solar farms in cities with so
49:12
many high rise buildings. So I thought, yeah, but do these
49:15
perovskite cells, do they use silver?
49:17
And it's, it's a little hard to dig into this, but I did find
49:21
this Improving perovskite solar cell performance with silver
49:26
nanoparticles. This was from January of this
49:28
year, says scientists at the United Kingdom have proposed for
49:31
the first time to deposit silver nanoparticles in electron
49:35
transport layers used in perovskite solar cells to
49:39
improve device performance. They found that a quote UN
49:42
quote, optimal concentration of silver nanoparticles may help to
49:47
improve the proskite cells charge transfer and extraction
49:50
as well as efficiency. And there's our old friend AG
49:55
OK, every stinking time we turn around, we're hearing about how
50:00
silver is part of this green energy revolution.
50:06
Hey, let's go out and check on the silver and gold price.
50:08
Time to take our our blood pressure medicine.
50:12
OK, 'cause last time we checked, we're up almost $22.00, guys, we
50:16
never know what to expect. We've been on here for about an
50:18
hour. Who knows?
50:20
So let's press the button and see we're we're up 27.
50:23
OK, wow, silver up $0.30 per oz. Guys, it's going to get very,
50:31
very interesting here as we head through the end of this year,
50:34
OK? Can you believe we're at 2004?
50:39
Is that real? I can't even believe I'm saying
50:41
this. Let's check one more time.
50:45
My Lord, $2450 per oz. Gold, Silver, $31.00 per oz.
50:52
I mean, I'm telling you, think about this.
50:56
It's a fact. These high prices that we're at,
51:00
OK, it was with no help. Absolutely.
51:04
The gold and silver, it's with. Think about this.
51:09
This is so critical, OK? Gold and silver have done this
51:12
with no help from the Western investor.
51:14
Gold and silver have done this in the face of higher interest
51:18
rates, which is a headwind to the silver and gold price.
51:22
Gold and silver have done this with a strong dollar, right?
51:26
What's the DXY index at today? We haven't looked at that for a
51:29
while. Let's just let's go look
51:31
quickly. So I think it's worth looking
51:33
at. And yes, the US debt clock is
51:36
still going up. DXY index, here we go.
51:44
I would imagine the dollar's down today.
51:47
But look, I mean, look at no, the dollar's up.
51:51
I mean, it's, it really makes no sense.
51:54
No, I don't want to become a confident investor.
51:57
OK, here, look at it on a long term basis.
52:01
OK, here we are today, one O 5, one O 4, right here.
52:06
Let's draw a picture. This is very important to
52:08
understand. OK, so if I start there and I go
52:14
all the way over here, OK, there we go.
52:20
That's not even a straight line. Hold on a second.
52:22
Let's try that again. OK, Ronnie can be a little bit
52:28
of a perfectionist. That's not straight either.
52:34
But anyway, look at this chart. OK, A high dollar is bad for
52:40
gold and silver. This is the DXY index.
52:43
This is the dollar index that everybody talks about on
52:45
mainstream media when they're saying, oh, the dollar's up, the
52:48
dollar's down, the dollar's strong, the dollar's weak.
52:51
OK. If we draw this red line and go
52:53
all the way back to what probably 1985, what is that 40
52:57
years of history? How often have we been higher
53:00
than where we are now, this little period of what is that
53:04
like three years and then maybe back in the mid 80s a little bit
53:09
and very briefly right there, OK, which well, I'd say that's
53:15
probably sometime in 2022. That was when the DXY maybe got
53:18
up to like two 113. So we've had these massive high
53:25
moves in gold and silver and in this this high level up here,
53:30
you know, anything above this red line, we're supposed to be
53:33
down in the gold and silver price.
53:35
So it really is is exceptional and and noteworthy that we are
53:42
where we are. And man, I'm telling you, OK,
53:45
it's silver, right? Really that's gold.
53:49
And we know silver has barely ever been above $30 per oz.
53:52
But the silver price, right? There's two sectors that have
53:56
really been neglected through all this and that's the silver
53:59
price and the junior mining stocks in particular.
54:04
I'm telling you guys, it's just a little bit of money goes into
54:08
the silver market, a little bit of money goes into the junior,
54:11
the junior developer exploration.
54:14
It could be absolutely crazy. Thank you for being here with me
54:18
today. I really appreciate you.
54:20
Thank you for the Super chats, OK And I will plan on seeing you
54:24
tomorrow.