Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🦁 THIS Is wild! 🐊 You need to STOP Doubting the FACTS!... (Gold and Silver Price)

Transcript

🦁 THIS Is wild! 🐊 You need to STOP Doubting the FACTS!... (Gold and Silver Price) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:02
There's no way silver will ever hit $50.00 an ounce.
0:06
You're crazy. Sure, we've heard that a lot,
0:09
but do you believe in $50 silver?
0:13
Is it just you and me or are there more people in there?
0:16
Are top analyst $50 is becoming a very popular number to mention
0:23
when talking about the silver price.
0:25
We're going to talk about the reasons why in this video live
0:32
stream. And this morning I was shaving.
0:34
I hadn't had a chance to look at the silver price.
0:37
I shave back over there about once a week, as many of you have
0:40
noticed. And look what happened.
0:42
Somebody showed up, hit my little shaving station, Pippi,
0:46
the silver cat, who many of you know, and I asked her, I said,
0:50
Pippi, what's going on with the silver price this morning?
0:52
I haven't had a chance to look. And that's what she did.
0:57
She got rather excited when I asked her about the silver
0:59
price, and rightfully so, because let's run out here,
1:02
guys, and take a look. Uh oh, hold on, I'm not
1:06
prepared. Bear with me.
1:08
Hopefully you guys can see me. And hear me.
1:11
We're having some technical issues here.
1:13
Hello, hello. All right, let's try this again.
1:17
And here we go, The joys of live streaming.
1:22
Here we go. Let's go out to Pin Backs and
1:24
take a look. Oh my gosh, we're going to have
1:25
to do an update here, guys. But no wonder Pippi the Silver
1:29
Cat was so excited. Remember, we're going to talk
1:31
about $50 silver in this video. We've got numerous top analysts
1:37
telling us that $50 is the new number, but let's do an update.
1:40
We're going to press the Pin Backs magic button.
1:43
Silver is up $0.75 per oz. We're doing it guys.
1:50
We are doing it. Sure, we could drop back down.
1:53
Remember, 3250 is the line in the sand.
1:57
That's where the next battle, if we do go down, would occur.
2:01
But we really could continue to March higher and higher.
2:05
But 3250 being the, the kind of the key round Number that we
2:09
broke through to get to this new high is, is has has changed from
2:14
being the resistance level that took us a little while to get
2:17
through to now being a support level.
2:20
So thank you to Pembex. While we're here for for
2:23
sponsoring Ron's basement, I'm going to share with you guys a
2:25
little bit later a comment about Pembex that I got from one of
2:29
our viewers. But they make the basement
2:32
possible. Pimbex Pi MB EX online bullion
2:36
dealer where you can get gold, silver, platinum group metals at
2:41
prices that are always almost impossible to beat.
2:45
That's one of the things I like about Pimbex.
2:47
The other is great selection and what's paramount, right that
2:52
it's a company that you can trust.
2:54
I'll never tell you what to do, but I would recommend to you
2:58
that you may benefit next time you're thinking about buying
3:00
some precious metals to checking out Pimbex.
3:03
And again, I've got a great comment I'm going to share with
3:05
you later from one of our viewers here.
3:08
Let's take a quick look at this. This is what's going on right
3:12
now in the gold and silver market.
3:14
Then we're going to get down to some serious business, serious
3:17
information regarding. Hold on here.
3:20
Think I got a text from Susie. OK, yes, hold on, boy.
3:27
We're having some issues this morning.
3:31
Oh, wow. Super chat.
3:33
OK, thank you, Art for that. Thank you, Art.
3:35
Jogo Super sticker. Thank you, my friend.
3:37
OK, let's go out here. One more fun little thing, and
3:41
then we're going to get down to serious business.
3:43
This, my friends, is what's going on.
3:45
This came from Wall Street Silver in the silver market
3:48
right now. See the big paper silver monster
3:51
and there's $34 and we are doing it.
3:57
We are doing it. So let's let's take stock of
4:01
where we are right now. Let's I want to go, oh man,
4:04
there's so much going on. Need to slow down.
4:08
Silver and gold, right, are just on an absolute tear right now.
4:14
It's hard to it's hard to process everything that's
4:16
happening. But I want to show you an
4:19
interesting chart because I was getting some Flack about this.
4:25
Here we go. OK guys, this is a chart of
4:34
silver that goes all the way back to 1980.
4:38
OK? We've looked at this a zillion
4:41
times, right? The giant cup and handle.
4:43
We know that the green line is $33.78.
4:47
We know we're actually a little higher than this right now.
4:51
This chart comes from silverprice.org and I actually
4:54
pulled it off of a sub stack post from our good friend Chris
4:57
Marcus at Arcadia Economics. Do check out his sub stack.
5:02
Trust me, you will benefit from that.
5:04
But what I want to point out on this chart, everybody talks
5:07
about the $50. Look, 50 is a big number for
5:11
silver, no doubt about it. But I will argue right now that
5:16
we are for all, I hate to use the saying again, intents and
5:20
purposes, we already are at new all time highs for silver.
5:24
Look how how much time do you think that silver, we know that
5:27
silver's higher right now than it's been in 12 years.
5:31
We're at a 12 year high. But look at the small amount of
5:35
time, maybe, maybe that's about nine months.
5:40
Back in what, 2011 that silver was higher than it was right
5:45
now. And back in 1980, maybe it was
5:50
higher for another three months. We're talking about one year out
5:54
of 50 years. And if we go back further on
5:56
this chart, let's just say we go back 100 years in total.
6:00
Over the last 100 years, silver's only been higher than
6:03
where it is right now for one year.
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That means that silver's only been higher like 1% of the time
6:12
over the last 100 years, 2% of the time over the last 50 years.
6:16
There aren't a lot of people who bought silver up above where we
6:23
are now. Somebody, somebody challenged me
6:26
yesterday and said, well, there's a lot of people who
6:28
bought silver at $40. No, there's not.
6:30
I'm sorry, I disagree with that. Maybe I'm wrong.
6:33
Maybe there's a, but there's not guys.
6:35
There's not. Look at this one more time very
6:38
quickly and look at that green line and look, you know the, the
6:42
period amount of time that silver's been higher than this.
6:45
I'm calling it right now. We're at all time high for
6:48
silver. It's just, you know, there just
6:52
aren't a lot of people sitting out there who bought silver at
6:55
$45.00. We're waiting for that to sell.
6:58
OK, now let's go over to see what James Turk and one of the
7:04
one of the recognized names in the silver industry is saying
7:08
about $50 silver. This comes from and I know I
7:14
have another super chat. Hold on here.
7:15
Let me check this one out. Michael.
7:18
Michael J, just a tip for saving me some money.
7:22
You're welcome. I guess you bought some silver
7:24
and gold from Pendeks. Thank you, Michael.
7:27
OK guys, let's go out to an this article about $50 silver.
7:33
This comes from King World News James Turk says $50 plus silver
7:40
is days or weeks away, not months, days or weeks.
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And you know, it's feeling that way today.
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But remember, you know, anything can happen.
7:49
But let's see why record highs for gold, silver about the
7:54
launch, he says, you know, what I find noteworthy about all
7:58
these record highs and gold is the lack of excitement normally
8:02
seen at bull market tops. And isn't that true, guys?
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And that's a good thing. The world is in the in the
8:08
western, the United States, investors have really yet to get
8:11
excited about gold. If we were and silver, if we
8:15
were sitting where we are right now with what, 20, seven, 2700
8:19
and forty, $50 gold and $34 silver and everybody was all
8:24
excited about it, that could be the sign of a top.
8:28
Like the days when, you know, the shoeshine boy and the Uber
8:31
driver are talking about that would be a sign of a top.
8:35
The fact that we're not there yet, that means there's still so
8:38
much more potential room for the precious metals prices to run.
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OK, Few people are paying attention.
8:46
That usually means, well, that's what he says.
8:49
Excuse me. A bull market is much further to
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run from which we can presume that gold at 2700 is still early
8:56
in the uptrend. So today looks like the early
9:01
stage of another great bull market in gold and silver I've
9:05
lived through since 1971. This guy's been around for a
9:09
while. What we where we are now is like
9:11
$45.00 in 1971 for gold on its way to $200 two years later,
9:19
right? More than a four times increase
9:21
or $100 in 19 Seventy $600.00 gold in 1976, then climbing to
9:28
its 1980 high of $850 or $340 in 2002, which then ran up all the
9:37
way to $1900 per oz in 2011. After the great financial
9:42
crisis, the current uptrend began.
9:45
And this is this is this is a great example, another great
9:49
example of why we can be so excited about the silver and
9:53
gold price. The current uptrend began in
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November of 2023, not even a year ago when gold finally
10:01
hurdled 2000 into new record highs.
10:04
Since then it's been a stair step its way higher to new
10:08
records as we can see on this chart that and that's so
10:12
critical guys and the same thing with silver and haven't we
10:15
talked about this. This is not like we've had a
10:18
spike rocket ship, you know straight up price movement in
10:24
both gold and silver. It's been a very steady stair
10:29
step up, which is a good thing because of this, because of this
10:34
is it stair steps higher. The people who want to get out
10:38
right, the weak hands, the people who think oh $2200 gold
10:43
or oh gold, silver broke $30 I'm going to sell, I'm going to
10:47
sell. Those people have already gotten
10:49
out. That is such an important thing,
10:52
such a positive critical factor for the for the for the rally
10:58
that we're seeing in both gold and silver.
11:00
And you can see right these red areas.
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That's the stair step up. We're continuing to move up
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little by little. Let's get to the silver part.
11:11
Silver. Right now, silver is far from
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its $50 record reached in 1980 and again in 2000 and 2011, but
11:19
I am expecting a new record high soon.
11:23
I've updated the same chart of silver's weekly closing price
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that is now familiar to King World News readers, with one
11:30
small change to explain my thinking.
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It's a log scale chart to compare past percentage gains to
11:36
potential future gains. And there it is.
11:39
There, there we see, right? The inverse head and shoulders.
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OK. The post breakout red arrow on
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the left side of the chart indicates potential massive
11:50
upside gains for silver. This is where we are and this is
11:54
where we're breaking out. I've added the red arrow to
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highlight what happened in 2020. We'll see if a similar
12:02
percentage gain is possible in the weeks ahead.
12:06
It's a projection, not a prediction.
12:08
Of course, based on premise that sometimes history repeats,
12:13
there's a potential for a repeat because silver is being
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relentlessly accumulated by strong hands.
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That's you and me, but also hedge funds, Russia, Chinese
12:24
citizens, OK, resulting in this huge multi year base of support.
12:29
Silver is now breaking out from the base as a as well as a
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reverse head and shoulders pattern, one of the most
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reliable of all chart patterns, not to mention the 50 year cup
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and handle. With Friday's new 12 year high
12:44
closing price, silver has chewed through minor resistance at $32
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a level first reached this past May Silver is now set up the
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rocket higher like it did in 2020.
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For one all important reason, the demand for physical metal is
12:59
gaining the upper hand over the short sellers in the paper
13:03
market attempting to tamp down the price.
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Is that what we're seeing again this morning?
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We're going to run out and do an update here in a few seconds on
13:12
the price inevitably physical Trump's paper because a real
13:16
thing is more valuable and useful than just a promise to
13:20
deliver a real thing at some future date.
13:23
OK, so there we have it guys, $50 silver, wrong screen.
13:30
There we have it guys. Now I'm back $50 silver.
13:34
By the way, I forgot to tell you the big news, the most important
13:37
thing and that is that you decided that you chose to be
13:41
here with us this morning. Welcome to the basement,
13:43
everyone. Welcome, basement dwellers.
13:45
It's a big deal. You're here.
13:46
We appreciate you. Please.
13:49
We have the free subscription deal still going.
13:51
You can subscribe to the channel, turn on the bell
13:53
notifications. You can give this a thumbs up.
13:56
That helps get the word out. The more and more people super
13:58
chat, super thanks. PayPal donations are always
14:01
appreciated but never expected. Please never donate any money
14:06
that you cannot afford. Let's go out and check on.
14:09
We got it. We got to do some big checks
14:10
today on the gold and silver price.
14:13
Come on, baby. OK, silver up 53 cents.
14:17
Look, we're going to have volatility guys.
14:20
It is going to happen. Let's run out to China and our
14:24
friend the Oriental Ghost and see what the silver price is
14:27
doing in China. This is the the data as of this
14:32
morning on the Shanghai Gold Exchange.
14:35
And we emphasize the high because the price for silver in
14:39
Shanghai is always higher than on the COMEX in the LBMA.
14:43
And why is that important? Because like Mr. Turk just said,
14:48
the market in China, the SGE, that's the Shanghai Gold
14:53
Exchange is a physical market. So imagine that you got to
14:57
actually have the physical mark metal if you want to trade it in
15:00
China. And in the physical Shanghai
15:03
Gold Exchange, there's Silver AG on the Shanghai Gold Exchange,
15:07
$36.23. Oh my gosh, Let's just check on
15:14
our our friend the Oriental Ghost and see what else he's up
15:17
to. Here we go.
15:19
Silver, who wants to be the cherry on top?
15:22
There's the 45 year cup and handle yet again.
15:26
We can't look at that too often, now, can we?
15:28
OK, there's bald guy money. There he is.
15:31
All right, silver to 60. Let's check that one out later.
15:36
Whatever happens, you will get silver at the price you deserve.
15:40
Bull market, Bald guy round two. All right, there's our friend
15:44
Bald guy money. OK, let's go back here.
15:48
Never know who you're going to run into on Twitter.
15:52
Good company. Yes, great company.
15:55
What about Jesse Colombo? Have you heard of him?
15:57
He's like the shooting star. I would say within the silver
16:02
and gold sector. This guy has made some really
16:06
great predictions. What is he saying about silver?
16:09
You might just be shocked. Let's go out and see what Jesse
16:12
is saying. And this comes from his sub
16:15
stack. But hold on here.
16:20
I also saw this on Zero Hedge. This is his his sub stack is
16:23
called the bubble bubble report. It's growing like crazy.
16:27
So is Chris Marcus or KD economics sub stack.
16:30
This is are great places to get information, Jesse.
16:33
And there he is up in the corner says the silver squeeze has
16:36
officially begun. Silver squeeze.
16:38
He's saying it. Don't forget, guys, not many
16:41
people are saying it, but the silver squeeze has officially
16:45
begun, he says. For the past several weeks, I've
16:52
been writing articles and creating video presentations
16:55
about an imminent silver breakout that could quickly push
16:59
prices to $50. Everybody's suddenly talking
17:03
about $50 silver. During this time, I've observed
17:06
significant investor cynicism. Yes, us basement dwellers, we
17:10
know that feeling, as many grew frustrated with silver sideways
17:14
movement over the past five months.
17:17
So I'm going to go through his highlights here.
17:18
Sure enough, on Friday, what began as a typical day saw
17:22
silver surge nearly 7%, meeting the criteria I'd outlined to
17:26
confirm the next phase of this bull market, of its bull market
17:32
for silver. Silver is a new territory, guys.
17:36
I need to look at you and say this for now.
17:40
Silver is a new territory. I know it's silver investors.
17:45
Lawrence Leopard likes to call it the battered bowl syndrome.
17:48
Like, we got beat up, right? We got the rug pulled so many
17:52
times that maybe you're having a hard time accepting the fact
17:56
that we are in new territory. Remember, do you remember the
18:02
70s? You know, silver went from $1.50
18:07
per oz all the way to Ding, Ding, Ding, $50 per oz by 1980.
18:14
OK, what we're talking about right now is silver going from
18:18
$34 per oz to $50 per oz. We're going to take this in baby
18:24
steps, but boy, oh boy, right? We got to be, we got to be open
18:28
to the fact that just what if, what if, what if silver, I'm
18:32
going to ask you this question. What if what if silver just did
18:36
1/3 of the return that it did from 1970 to 1980, right?
18:43
That would probably be 200 and 32140 easy dollar silver per oz.
18:50
OK, this can happen. Take a deep breath with me.
18:54
I know I get really excited. I have high blood pressure, all
18:57
that fun. But this, my friends, can
18:59
happen. All right, let's go back to
19:00
Jesse. Enough of me.
19:02
You guys want to hear what Jesse has to say.
19:04
We love you, Jesse. All right, So these are some of
19:08
the reasons, Boom. OK.
19:13
The key criterion I outlined to confirm the next leg of silver's
19:17
rally was simple, yet widely overlooked by investors and
19:21
surprisingly difficult to achieve.
19:24
The spot price of Silver must decisively close above $32.50
19:30
resistance level, supported by strong trading volume.
19:35
That was the high set in May, after which Silver retreated and
19:39
stagnated over the summer. Silver made many attempts to
19:42
breakthrough this level on September 26th, October 4th, but
19:45
both attempts failed, resulting in further pull backs.
19:48
Silver's impressive $2.00 per oz surge just three days ago, guys,
19:53
accompanied by trading volume more than double the prior
19:57
week's average, definitively fulfills that criterion.
20:01
A caveat to consider is that if silver closes back below. 3250
20:06
resistance, resistance level, it would invalidate Friday's
20:10
bullish signal. However, I find that scenario
20:15
unlikely. So what he is saying as we
20:17
talked about now a couple times, $32.50 silver in the spot market
20:23
is the is the line in the sand, OK.
20:28
If we get back there and we go below it, that's not a good
20:32
thing for the silver price. However, since that was
20:36
resistance, that will now become support.
20:38
Does it feel like to you? It feels like to me that if
20:41
silver drops back down to that 32 range that there's going to
20:45
be a lot of people who are going to buy some silver.
20:49
I just have a feeling there'd be a lot of buyers of silver right
20:52
now. We'll just go through the
20:53
highlights. It's likely that a good portion
20:55
of the volume came from traders scrambling to cover their short
21:00
positions, a topic I'll explore in greater detail a little bit
21:04
later in this article. As we've talked about this, this
21:07
massive short position in the silver market, we hear some
21:12
reports of 300 million oz. I've heard reports as high as
21:18
700 million oz. That is paper, make believe,
21:24
Unicorn, fart, dust, whatever you want to call it, the fantasy
21:28
Island silver. That is not real silver.
21:31
That is not the Shanghai Gold Exchange, which is a physical
21:35
market. You need to have the no, that is
21:38
COMEX and LBMA, the London Bullion Market Association,
21:42
where they create fake artificial synthetic silver and
21:46
sell it, sell it, sell it. That's a big deal because if
21:50
these shorts, right, if these shorts get in trouble, we could
21:53
see happen in the silver market. What happened in the nickel
21:56
market, The nickel, the price of nickel, the metal nickel that
22:00
that's used in industry and used and I think in nickels.
22:03
But anyway, it it, it exploded OK.
22:07
When they had their shorts squeezed, they had to shut her
22:10
down. No more no Moss.
22:12
We're done. That exact same thing can happen
22:15
in the silver market, right? The short.
22:17
It's called the short squeeze. Remember the silver squeeze?
22:21
We all seem to have forgotten about that.
22:23
Like, well, we won't. No, it can happen.
22:26
It can happen. Let's go back out to Jesse.
22:32
I like Jesse. OK, Wow.
22:37
There's the volume. Look at that.
22:38
Let me see if I can pull that up.
22:40
Look at that, OK, Huge volume equals shortcut.
22:44
Look at that volume. That was on Friday, right?
22:47
Yes. Look at how all those big green
22:51
bars, that's the amount of silver that was traded.
22:53
Compare that back to like what happened earlier in the week,
22:58
man. Wow.
23:02
OK. The next condition I outlined,
23:05
this is interesting, was that silver priced in euros, right,
23:09
the European, but they use the currency they use, we have
23:12
dollars, they have EUR must decisively close above the €30
23:18
resistance level which was established at the May peak.
23:21
I stated that this event would help confirm the close above
23:25
3250 U.S. dollars, greatly reducing the chances of it being
23:30
a false breakout. I find it valuable to analyze
23:34
silver priced in euros is this approach removes the impact of
23:38
U.S. dollar fluctuation. So independent of currency
23:43
fluctuations, we're also seeing this breakout in euros as well.
23:49
OK. And then he says usually the
23:52
silver price in euros often respects round numbers, but
23:57
frequently establishing key support.
23:59
So it finally did break out. There's a chart of that.
24:03
Wow, everywhere. Look at that.
24:05
Looks like we got up to 31 euros.
24:08
OK, the final condition I listed is more esoteric, but I believe
24:16
it will significantly reduce the likelihood of a silver breakout
24:19
being a false one. An index he developed, called
24:23
the Synthetic Silver Price Index, must close above its key
24:27
resistance zone between 2560 and 2640.
24:32
This index represents the average of gold and copper
24:35
prices, with copper's price adjusted by a factor of 540 to
24:40
prevent gold's higher price from disproportionately influence the
24:43
index. Blah blah blah.
24:46
Although the Synthetic silver Price Index didn't break out on
24:50
Friday, it's still posted a solid 1.21% gain, he says.
24:55
Given the sheer strength of silver's breakout, I'm choosing
24:58
to overlook this criterion for now.
25:01
I expect a breakout in this index is still forthcoming,
25:04
which will further validate silver's rally and likely
25:07
provide additional momentum to its current upward trajectory.
25:13
OK. By every measure, gold is in a
25:15
confirmed uptrend. This is speaking about gold, and
25:18
I believe it's on track to reach $3000 in the near future.
25:24
Look at the gold chart. Wow.
25:27
And he shows breakouts in the gold price as well, right?
25:31
26802520 So this guy is garnering much respect and
25:38
attention within the precious metals arena.
25:43
Talks about copper, copper and copper's important OK, because
25:49
silver has been a very much related Co related.
25:54
The moves in copper and silver have been very similar as of
25:58
late. So let's just read this.
25:59
The price of copper is often under appreciated factor in
26:02
silver's performance. As I recently explained,
26:05
copper's recent decline has weighed on silver.
26:08
So silver was strong in the face of the copper market
26:11
encountering some challenges, but there's still a strong
26:14
likelihood that it will find support around the $4.25 level
26:18
that's copper and bounce from there.
26:20
This rebound should provide an extra boost to silver's rally.
26:26
And then he talks about the about the silver miners and, and
26:33
they're starting to break out. OK, everything's breaking out.
26:36
Everything's moving in the right direction for us guys within the
26:40
silver and gold market. Are you feeling it?
26:44
Do you invest in the mining stocks?
26:46
I'm invested heavily into the precious metal mining stocks.
26:49
And I can tell you it feels like we're moving into a very
26:53
favorable zone. And why is that important to
26:55
you, even if you don't own silver and gold mining stocks?
27:00
Because when the silver and gold mining stocks do take off, it's
27:04
going to garner attention into the precious metal sector as a
27:09
whole. That's why.
27:11
OK, it's a big deal. So what else is going on?
27:14
So we got King World News, James Tark, $50 silver.
27:17
We have Jesse Colombo, $50 silver.
27:19
Let's go to the Silver Academy and see what they're saying
27:22
about silver. You know what?
27:24
Before we do that, let's go back to our friends at Pinbacks and
27:29
do a quick check on the price. Come on.
27:31
Silver $0.53. All right, I'm going to take a
27:34
deep breath. We have up, things go, It goes
27:37
up, it goes down. If it's down, if it's red, we're
27:39
still going to be OK and $0.65. All right, we're up.
27:46
Why do I feel like I'm in a blackjack table or a craps table
27:50
sometimes anyway and we're not? Because silver and gold are the
27:55
opposite of going to a casino. You're guaranteed to lose at a
27:58
casino, and it sure feels like me.
28:00
You're guaranteed to win in the long run.
28:03
You're guaranteed to lose in the long run at a casino.
28:05
You just are. It's a mathematical certainty,
28:08
trust me on that. I've done plenty of field
28:10
research and I understand statistics.
28:13
However, silver and gold, you're almost you're guaranteed to win
28:17
in the long run. Think about that.
28:19
OK, think about that for a minute.
28:21
All right, let me read you real quickly, and then we'll be done
28:25
with. Hold on here.
28:28
OK, hold on, guys. Well, let's look at her still, I
28:35
think my favorite one of all time.
28:37
And I just realized that there's a spelling mistake in this.
28:40
See if anybody else sees it that says me leaving the coin shop
28:43
before they realize I gave them paper for silver.
28:48
And that's not what I wanted to show you.
28:50
I want to show you this. What a great message this part
28:56
of not part really a big part of the reason why I love PMBEX.
28:59
I got this message yesterday on a comment on one of the videos.
29:02
Good morning Ron by by buying from PMBEX versus MMM which is
29:08
one of the big other online bullion dealers.
29:10
I saved $965. I made sure to tell Pmbex's Mike
29:14
and Brian those are the brothers that don't run the company.
29:17
Both CPASI had. I've had you for discovering
29:21
PMBEX once again, watching and listening to you, your channel.
29:25
It has saved me many dollars worthy of my thanks.
29:28
Well, thank you. I'm glad that again, That's why
29:30
I love PMBEX, right? I feel good about recommending
29:34
it. I eat my own cooking, right?
29:36
I was a customer of PMBEX. I own stock in First Mining
29:40
Gold. I own stock in Fortuna Mining.
29:44
Let's see here. There it is dirty man safe.
29:46
Oh, there is the new dirty man safe.
29:49
There's a giveaway video if you want to enter the giveaway to
29:52
win one of these guys hold on. Let me show you one of these.
29:57
I love this thing. By the way, this is The Dirty
30:01
girl safe. But if you want to enter the
30:03
giveaway, there's a new like 3 minute video.
30:07
All you have to do is leave a comment on that video that says
30:10
dirty man. It's all one word.
30:12
We're going to give one away on December 30th.
30:15
OK, where were we? Let's well we're going to go to
30:18
silver Academy and see what they're saying.
30:20
The Silver Academy, what are they saying about silver?
30:29
Let's see here. This is why silver price double
30:34
S Let's see. That would be $68 per oz.
30:39
Russia's metal maneuver alarms Western banks.
30:43
That would be the bullion banks. That would be the five big
30:46
banks. The deal in gold and silver that
30:50
have been controlling the price of silver for decades on the
30:55
COMEX in the LBMA, The London Million Market Association,
30:59
right, Are good friends over in London, England.
31:01
Yeah, well, there are no more. Well, I won't go there anyway.
31:05
They are. I think we need to take up a
31:08
collection. Guys, hold on.
31:11
I'm thinking we might need to, I might need to take up a
31:13
collection so that we can send a couple cases of those Depends
31:17
undergarment diapers to the boys and girls at the COMEX in the
31:21
LBMA because I got a feeling they might be needing those
31:24
pretty soon. OK, All right, back to the back
31:30
to the the Silver Academy. Russia's double double prices,
31:37
double, double, double double bubble.
31:39
Russia's silver shift signals economic warfare.
31:43
Silver poised to dupe double in the next six months.
31:49
Does Susie need me? Hold on, guys.
31:51
Silver Susie. Nope.
31:52
I thought I heard her say something.
31:54
Context here this is this is John from the Silver Academy.
31:59
I've been involved in the Reddit silver squeeze movement from the
32:02
very beginning right? The big Wall Street silver
32:06
silver squeeze movement. That was I believe what March of
32:10
February of 2021 / 3 years ago he said.
32:14
I write this earnest post with no disrespect for the so-called
32:18
apes. Remember, that's what they
32:20
called themselves and I guess still do on, on the silver
32:22
squeeze. Great guys, great community, but
32:25
nothing the US retail apes. That's the people that buy
32:29
retail silver, people like you and I, OK, can do, can compare
32:35
to what Russia is launching the ultimate squeeze.
32:39
Look at this. That's the Russian silver
32:42
squeeze. OK.
32:45
Then he puts it into context how natural resources and in the 70s
32:50
it was oil. Oil was the thing, right?
32:53
That was the new and we've talked about this, right?
32:57
Silver in some ways, I think a lot of ways can be considered
33:01
the new oil. Oil transform the world over the
33:05
last 100 years. Silver from an energy
33:08
perspective, solar panels, electric vehicles, all that is
33:12
kind of like the new oil for the next 100 years.
33:15
I've heard several people say that and it makes sense.
33:18
So now Russia in the big announcement, right, that
33:21
they're going to, they're going to as a government going to
33:24
start a strategic stockpile of silver.
33:28
Nobody knows how much speculation, right?
33:31
So I'm not going to overlay. I'm not going to say that that
33:33
Russia is is is has plans to, you know, take all the world's
33:38
silver. That would be India who's doing
33:42
that. But anyway, I digress.
33:44
This move by Russia is a big deal because silver is becoming
33:48
in some ways very critical here. Look, listen to this with the US
33:53
relying. I didn't know this. the United
33:56
States relies on imports for 80% of its silver needs.
34:01
It's vulnerable to supply disruptions much like the oil
34:06
dependent nations in 1973. The Russian silver squeeze will
34:11
cause will cause silver soaring, mirroring the effect of the oil
34:18
crisis. OK here.
34:20
Russian economist Sergey Glansfest, known for proposing
34:24
the gold for oil exchange, has successfully achieved the
34:27
triumphant victory. He has successfully advised
34:30
Russia to capitalize on silver's undervaluation relative to gold,
34:35
The strategic move just before the BRICS summit.
34:40
What's the date today, guys? Today's the 22nd of October.
34:47
I think there's like a world changing bricks summit.
34:50
We're going to talk a little bit about that later.
34:53
It starts today, right now, right now.
34:56
Susie was watching the Today show this morning and I asked
35:00
her, I can't. Well, anyway, I said, did they
35:03
say anything about the big Bricks summit kicking off today?
35:06
And she said, no, you know, of course they did. 5 minutes about
35:09
Donald, presidential candidate Donald Trump working at a
35:12
McDonald's. But no, they had nothing to say
35:15
about what is probably the biggest geopolitical event in
35:17
the history of the universe starting today, right?
35:21
The BRICS summit. Average Americans, right?
35:24
They know more about Monday Night Football than they do
35:27
what's going on with this major geopolitical event that kicks
35:32
off today. I digress.
35:33
OK, Massively benefit from the ultimate silver squeeze.
35:38
Russia's recent move to add silver to its state reserves,
35:41
along with gold, platinum and Palladium, marks a significant
35:44
shift. Let's go down.
35:46
Let's go down. The potential for dramatic
35:48
increases in silver demand from central banks and governments
35:51
could create a perfect storm in the silver market.
35:55
More perfect than the perfect storm.
35:58
We already have the perfect, perfect storm.
36:01
OK, because Russia is leading. Are other countries now going to
36:05
follow suit? Right. the United States had a
36:08
massive silver stockpile at one point, right?
36:12
Back when we were smart, back when we were on the gold and
36:14
silver standard. This is not out of the question.
36:17
This is not just because it hasn't happened during our
36:20
lifetimes. I'm 54 years old.
36:22
I was born in 1970. You know since I've been alive,
36:27
paper money, right? Unicorn fart.
36:29
Does paper dollars have been valuable?
36:31
Our government got rid of their silver stockpile.
36:34
That doesn't mean that that can't change that these big
36:37
governments, including the United States, could not take
36:40
action to to to to protect themselves by building up a
36:46
strategic silver stockpile. All right, let's go to the
36:49
conclusion deer basement dwellers.
36:53
In conclusion, Russia's move to add silver to its reserved,
36:57
viewed against the backdrop of historical tensions and current
37:02
global economic realignments, historical tension, geopolitical
37:08
tension, and economic realignments could be the
37:12
catalyst for a transformative period in the precious metals
37:15
market. Excuse me As other nations
37:19
potentially follow suit, right, We may be witnessing the early
37:27
stages of a silver renaissance that could reshape global
37:31
financial dynamics for years to come.
37:34
The confluence, my one of my favorite words, confluence
37:37
meaning coming together. A confluence is like when Three
37:41
Rivers join together, right, and then create a much more powerful
37:46
river. The confluence of diminishing
37:50
inventories, industrial demand, and this new source of monetary
37:56
demand creates a compelling case for a dramatic revaluation of
38:01
silver in the near future. Why is this important?
38:04
Quickly, right? Let's review Confluence
38:08
diminishing inventories. Yes, we know there is a massive
38:12
silver deficit in the world right now.
38:14
The world is consuming much more silver than it produces.
38:18
So check, we've got that one industrial demand.
38:21
We know that skyrocketing check and those two alone are enough.
38:26
But now what John is saying is that if we add in a new source
38:32
of monetary demand, Oh my gosh, guys, this could be out of
38:36
control. Absolutely out of control.
38:40
You know what? They're all wrong, right?
38:42
We got James Turk saying $50 silver.
38:45
We had Jesse Colombo saying $50 silver.
38:48
We've got John at at the Silver Academy saying double $68
38:53
silver. Hey, US basement dwellers, what
38:55
do you say? Why don't you type it in, type
38:57
it in the chat. I'm going to put my money where
39:01
my mouth is. You know what, I'm going to go
39:04
out on a limb. Let's say 14 months from now,
39:08
that would be Christmas Day, almost 2020, whatever. 14 months
39:16
from now, 14 months, one year and two months from now.
39:19
Where do you see the silver price?
39:21
I see it. OK, this is I feel it.
39:24
I just don't see it right. That's the way are you like me,
39:27
like you can read all this data. You can you process it through
39:32
that supercomputer you got on top of your shoulders and you
39:35
got a brain. So I want you now to feel what
39:37
do you feel 14 months, one year and two months from now?
39:41
What do you feel the silver price is going to be?
39:44
I'm going to go out on a limb. I'm going to say, hey, this.
39:50
Oops. Did I do it?
39:52
Here we go, Woody. Wow, guys. 5890 Wow. 60 two 5600
39:58
Silver Surfer. Yes. 214.
40:02
Frank says 65. Vincent Leone 500.
40:06
Wow, wow, wow, wow. You guys can keep reading.
40:09
I need to get back 95120 seven 65.
40:13
Annie Oakley. Thank you, Annie, for being
40:15
here. Thank you for moderating.
40:16
Thank you also to Jake from Jake's Custom Parts.
40:19
Do you guys know Jake? He's like, he's like famous on
40:22
YouTube for silver and gold. The great guys.
40:26
Been in the basement here a couple times and Big 10, the
40:29
Silver Shire. Thank you for moderating.
40:31
Of course, the lovely and original my wife, the love of
40:36
mine, Susie. Thank you for being here, Susie,
40:39
and for everything else you do for for us, Susie.
40:43
OK guys, we got more to cover. Where are we?
40:45
Hopefully we're still live here. Let me say thank you to channel
40:49
sponsor First Mining Gold, Canadian gold development
40:52
company. If you want gold in the ground
40:55
in Canada, that's First Mining Gold.
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41:00
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firstmininggold.com. And our friends at Fortuna
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41:27
about them at Fortuna mining.com.
41:30
Oh, gosh. OK, So what are the
41:32
billionaires? Warren Buffett, we talked about
41:35
him yesterday. Don't forget, Warren Buffett
41:37
once bought massive amounts of silver.
41:40
It was in the 1990s. But you know, what about Stanley
41:44
Druckenmiller? He's, look, here's the deal.
41:47
Everybody knows Stanley Druckenmiller is like the
41:50
smartest big money guy in the world.
41:53
And look at this. This was a great tweet that came
41:57
out from our friend Make gold great again.
42:00
He said a man with a higher return rate than Warren Buffett
42:05
over the last three decades. So this guy, Stanley
42:09
Druckenmiller has had better returns on his investments and
42:13
he's he manages billions, whatever.
42:15
You know, he's, he's one of those guys higher than Warren
42:19
Buffett has just gone short Treasury bonds.
42:22
He's he's, he's saying the US Treasury bonds are going down in
42:25
value with 20% of his portfolio. But, and here's the, the little
42:31
meme, but what's well known about Stanley Druckenmiller is
42:36
that he's a big fan of gold. He's also long on gold.
42:42
And I forget it was 3 or 4 weeks ago we covered this.
42:45
He's he's bought like some gold mining stocks.
42:48
So this is the guy who's who's better, bigger and better than
42:53
Warren Buffett and, and is long, long, long on gold.
43:02
OK, let's go. Let's do an update.
43:04
Take a deep breath. Last we checked, gold was up
43:08
just under 20 and silver it's 65.
43:11
Let's see where we're at now. OK, 60.
43:14
So we're hanging in there. This is, this is a good day,
43:17
guys. I mean, we really, I know that
43:20
we want the silver price to skyrocket, right?
43:24
I want you. Do you want $50 silver, $60.00
43:27
silver? Absolutely.
43:29
We want the silver price to skyrocket, right?
43:32
But we want it to go up slowly. We don't want it to just go
43:39
right. I know Silver squeeze, I talk
43:41
about it is can it happen? Absolutely.
43:44
But in the long run, what we want to have are slow, steady
43:49
gains in the gold price and the silver price.
43:53
The reason why that is so important is because uh oh, we
43:59
got 325 likes. Hey, Susie wants me to ring the
44:03
gong. I always do.
44:04
And we're going to get back to what what we need to see happen
44:08
in the gold and silver price. All right, it's been a few days
44:14
since we rang the old golden gong.
44:16
That's for 300 thumbs up if the price here, let me show you.
44:20
Let me, let me let's this is this is critical for you and me
44:24
to realize, OK, here. This is why we don't want.
44:31
If you look at this chart, this is the one we looked at at the
44:33
very beginning. If you look at 1980, see how
44:36
silver skyrocketed. But then what immediately
44:39
happened, it fell right back down.
44:42
Look at what happened in 2011. We had a skyrocket, right?
44:46
Not as dramatic as 1980, but still if you look at 2011, that
44:52
was pretty much a very, very aggressive ascent in the silver
44:57
price and then it fell back down at about the same rate.
45:01
What we want to see happen is some stair step moves up higher
45:07
in the silver price and the gold price so that so that as we get
45:10
the 34 like where we are right now, $3435 silver, all the
45:16
people that want to get out, get out, they sell.
45:18
Bye bye. See you later, Alligator.
45:21
Been nice knowing you, right? And once all those sellers are
45:25
gone, then as demand continues to come through, which it will,
45:29
then we can move up to 3738. This can happen rather quickly.
45:34
Nothing wrong with that, right? But what we don't really want to
45:39
do, I mean, I know it'd be fun. It'd be crazy.
45:42
We wake up tomorrow, You wake up tomorrow morning, you go check
45:45
the silver price and it's $48 per oz, right?
45:50
That'd be fun. Don't get I'm I'm, you know, the
45:52
I would have a big smile on my face, no doubt about it.
45:55
But but those spikes up like that are usually quickly
46:00
followed by spikes down. So we'll be happy.
46:04
We, we have a lot to be happy about right now with the silver
46:08
price. Absolutely a lot to be happy.
46:10
Let's go check out the bricks. The bricks meeting is today the
46:14
biggest news event, not just news event, but probably for
46:20
gold and silver investors. What's going on with the bricks
46:26
is absolutely critical, right? And the mainstream media in the
46:31
United States is ignoring it. And there's a reason why, right?
46:35
They, they, they tend to ignore when we're involved in wars and
46:38
we're losing. And they tend to ignore when
46:41
we're involved in, I would guess you would say geopolitical
46:44
economic wars. And we stand to lose, right?
46:49
This should be the front page news, but it's not, right?
46:51
Are we going to hear about this gold backed trade settlement
46:56
currency? I don't know.
46:57
There's speculation, but it minimum there's something very
47:01
interesting going on. And I want to share with you
47:03
something I discovered cuz I was doing research on the bricks and
47:08
what's going on. This comes from the geopolitical
47:12
economy website, but very interesting.
47:15
Bricks plans multi currency system to challenge the United
47:21
States dollar dominance. What does that mean?
47:24
Right is the US dollar gets challenged by other currencies,
47:29
by other worldwide economic alliances.
47:32
It's impossible for anything else to happen.
47:37
Then the value of the dollar going down, down, down.
47:41
Look, I don't like it. I'm an American.
47:43
I live in America. I understand why it's happening
47:47
and I understand why it's important that I understand that
47:51
it's happening and that you understand that it's happening
47:53
because we want to take moves to protect ourselves.
47:56
We're going to take moves to protect our families.
47:59
What wealth we have accumulated by obviously, many of us choose
48:03
silver and gold to do that, but this is big critical news.
48:06
The bricks cross paint a cross-border payment initiative.
48:10
The BCBPI will use national currencies instead of the US
48:16
dollar. Russia's finance ministry and
48:19
central bank released a report detailing plans to transform the
48:24
International Monetary and financial systems.
48:29
There's the bricks from left to right.
48:31
Make sure I got you on the right screen here, which I do.
48:35
That's Brazil, that guy is President Xi from China.
48:39
That would be South Africa, that would be India, and that, my
48:43
friends, would be Russia. Those are the bricks.
48:48
The global S oriented orientation.
48:51
Bricks has released plans to transform the International
48:54
Monetary and financial system and challenge the dominance of
48:59
the US dollar. As chair of the Bricks for 2024,
49:03
Russia proposed the creation of the Bricks cross-border Payment
49:07
initiative in which members of the organization will use their
49:10
national currency. There's something interesting
49:13
though, buried in this about gold.
49:15
OK to trade. And this is where it gets
49:18
interesting because gold I I listen to I think it was Vince
49:22
Lancy last night on Arcadia Economics and the two very
49:27
interesting things about this bricks and about gold and
49:31
silver. The multi currency system will
49:33
also include new mechanisms not only to de dollarize trade, but
49:38
also to encourage investment in bricks members and other
49:42
emerging markets and developing economies, including a bricks
49:46
clear platform platform, a quote new system of securities
49:50
accounting and settlement and financial instruments
49:53
denominated in national currencies.
49:57
All right, hold on. Before I forget.
50:01
I want to. I want to.
50:03
I want to tell you what I learned last night from
50:05
listening and hope I'm I'm sure I'll get this right.
50:08
If not, Vince can correct me. But it always comes back to
50:13
gold. They're talking about all these
50:16
different, you know, ways to do trade.
50:18
Number one, that there's a big key thing here is it's all
50:22
outside of the US dollar. It's all outside of the Western
50:27
financial system. Visa, MasterCard, U.S. central
50:30
bank, SWIFT, all that stuff. They are divorcing themselves
50:34
completely from that. OK #2 It always comes back to
50:40
gold. Always, always, always.
50:43
And what Vince said, I think it was Vince said this last night,
50:46
somebody smart said this and it wasn't me, but I'm going to
50:50
repeat it #1 It always comes back to gold.
50:53
And #2 right underneath gold is silver.
50:57
And some people, I didn't realize this.
50:59
Some people say, well, what about platinum?
51:01
What about what? I didn't know this but platinum,
51:06
like it wears down and correct me if I'm wrong, but apparently
51:11
platinum, this is a silver coin. OK, but like if this is platinum
51:16
and it gets rubbed or if you bring it to your jeweler to get
51:19
it cleaned, this is platinum. I'm a platinum stacker.
51:22
That's a symbol of my love and devotion for Susie.
51:26
Apparently, if this gets polished or just from me wearing
51:31
it, it actually gets worn down. So it always comes back to gold
51:35
because they'll talk about, oh, they're going to use real
51:37
assets, they're going to use oil and wheat and blah, blah, blah,
51:41
blah, blah. It's very hard to measure that,
51:45
OK? It's very hard to divide that.
51:47
And those things are all consumables.
51:50
It always comes back to gold and silver.
51:52
Always. And listen to this.
51:53
Look what I found kind of buried in this article that I thought
51:57
was interesting. There are also plans for the
52:01
establishment of a bricks grain exchange and associated pricing
52:06
agency with Centers for trade in commodities like grain, oil,
52:11
natural gas and gold, which can likewise be used to settle trade
52:17
imbalances. Again, all those things, grain
52:21
is is has a has an expiration date on it.
52:24
Oil gets consumed, right. Oil gets used for gasoline,
52:27
plastic, whatever. It's the heartbeat of the world
52:29
economy. Natural gas, obviously, that's
52:33
like Unicorn fart dust. It gets consumed.
52:38
Gold. It always comes back to gold
52:40
guys. Always, always has.
52:42
And think about this, always will.
52:47
I don't care what they say. Gold, and not just gold, but
52:50
silver, right? It's been thousands of years.
52:54
For thousands of years, men and women have tried and tried and
52:59
tried to create other ways of, of measuring value outside of
53:04
silver and gold. And none of them have worked.
53:07
None of them have had the the only thing that's worked over
53:11
the last 5000 years is gold and silver.
53:13
I, I, I, I had a a question from one of the viewers this morning
53:17
about the silver verse gold. And I'm like, you know, the
53:22
bottom line is gold and silver have always been the base of the
53:27
monetary of the world monetary of the world, the system.
53:30
I don't care. Even over the last 50 years, I'm
53:33
54 years old have been off the gold standard since I was one
53:37
year old. Doesn't matter.
53:38
Gold was still I'll argue this, and you may not agree with me,
53:43
and that's fine, but I will argue the fact that gold and
53:47
silver had still been the base of the world monetary system.
53:51
They've been like a Big Bear in hibernation for the last 50
53:55
years because the United States ruled the world, right?
53:58
And when Nixon took us off the gold standard, the only reason
54:00
they did that was because they wanted to print money.
54:03
They couldn't print money to pay for the Vietnam War and social
54:06
programs and whatever, right? So they said, well, we'll just
54:09
take us off the gold standard and we can make as much paper
54:11
money as we want. Well, how's that worked out for
54:14
you? Nixon, right.
54:16
Not well, right. The dollar since, since, since
54:20
he took us off the gold standard.
54:21
We looked at this the other day. Gold was priced at $40.00 an
54:24
ounce in 1971. OK, you could get.
54:28
Well, you couldn't because somebody corrected me, you
54:31
really couldn't buy gold in the United States until 1976.
54:34
But nonetheless, the point is gold was 40 bucks an ounce in
54:37
1971. Gold is 27, whatever.
54:42
So that same $40 that was worth 1 ounce of gold, 4040 of these
54:47
smackers, it's the daily visit from the paper dollar.
54:51
Hi everybody. Forty of these in 1971 would buy
54:56
you one ounce of gold. OK, What do 40 of these buy you
55:02
today? They buy you 1.5% of an ounce of
55:08
gold. Think about that.
55:12
So you're going to sit here and tell me, right?
55:15
You're going to, you're going to sit here and tell me that was a
55:18
smart decision. It's I don't know.
55:19
It's absolutely crazy. Let's go out.
55:22
We need to do our daily update. We're going to do a couple of
55:24
daily updates here in the basement.
55:26
It's time for a field trip to our favorite place.
55:30
Make sure you have your permission slip sign from your
55:32
parents or grandparents. Parents, the US national debt
55:36
clock where we can see that the US national debt is now
55:39
approaching 35 trillion, 800 billion.
55:42
But we're really here to look at and we got a new feature here in
55:45
the basement. Is this the dollar to silver
55:49
ratio, which again has gone up. OK, here we go, guys.
55:53
Let me show you what I've said. What's that 736?
55:56
I started a new sheet. We're going to do a daily tally.
56:00
So yesterday the dollar to silver ratio was 7/29 and today
56:05
we are at 7:36. You can follow along with me in
56:09
the coming months and weeks. This number was as low as the
56:14
736 was as low as like 400, I don't know, two or three months
56:18
ago, it was actually at 0 at one point.
56:21
Again, that measures how many paper dollars are being created
56:26
via the M2 money supply for each one ounce of silver that's being
56:33
created. So for each ounce of silver this
56:35
year that's being mined, the US government is creating $736 of
56:39
paper Unicorn fart dust from the M2 money supply.
56:44
Hold on here. Susie is requesting.
56:47
I got a special request once the Shanghai.
56:51
OK, well, I know anything for you my friend.
56:54
You would like, let's go out and check or go out to the Shanghai
56:59
Ghost and take a look. For those of you who weren't
57:02
with us, there's our friend Rodger Bald Guy Money.
57:07
OK, guys, this is a physical market, the Shanghai Gold
57:13
Exchange, and I emphasize the high because the price is always
57:17
higher in Shanghai Physical market $36.23.
57:24
All right, here we go, We're back.
57:25
We got 1000 people in the basement.
57:28
This is a big deal. Let me let me share some
57:32
critical insight that you want to know as a silver and gold
57:36
investor. Critical.
57:39
OK, Thank you, Susie. I got to blow the train whistle
57:41
on one second. This is very important.
57:44
This is a a leading indicator for gold and silver that nobody
57:50
else knows about. And we're going to keep it
57:52
between us. OK, basement dwellers, you're
57:54
part of the club. You got to keep your lips zipped
57:57
on this one. But this is real and this is
57:59
happening. Views and participation in the
58:03
basement are exploding now. I presented that to Susie.
58:08
I said, do you think it's because of my new hairstyle, my
58:11
good lucks, my dynamic personality?
58:14
And she said no. All joking aside, this is a real
58:17
indicator I I've been doing this for about 3 years every single
58:22
day I get up, I work hard, try to present good information
58:25
about the gold and silver sector and I love you.
58:28
I love the people I've met, but we have seen a massive spike in
58:33
viewership, OK, of the channel. And I can tell you this is this
58:37
is don't, don't, don't spread this one around.
58:41
That's always indicative of more and more people coming into the
58:46
silver and gold sector. So for those of you who are new,
58:50
welcome. We've got some seasoned veterans
58:52
that have been with me from the very beginning.
58:54
I got an e-mail yesterday, right, guys, like I was with you
58:57
from before you had the I used to have a blindfolded bear back
59:00
here that said 2500 and when gold hit 2500, we took the
59:05
blindfold off here. Hold on a SEC.
59:07
You can see it. Hold on one SEC.
59:13
Oh, boy. There it is.
59:18
OK, But the fact that we've got so many more people and do you
59:22
guys want. Let me ask you this question.
59:24
I need your help on this. Do you want me to put a new
59:27
blindfold on the bear or should we leave it off?
59:30
Yeah, Susie's been asking. I'm like, I don't want.
59:32
You know what? I don't know, 3035 hundred
59:35
10,000. I don't know.
59:38
Whatever. It worked last time. 2500 on the
59:41
bear. Where was I going with all that
59:44
anyway? Anyway, oh, the viewership is
59:47
going crazy on the channel, OK, and that's a big sign that there
59:53
is a wave of new people. Now remember why that's so
59:57
important. This is so important as a silver
1:00:01
and gold investor to realize this you and and this includes
1:00:05
all the new people, right? The seasoned veteran basement
1:00:08
dwellers, right? The ones with their stripes and
1:00:10
the new people. We, we are still even right now
1:00:14
just such a small minute portion of the overall population.
1:00:18
I mean we are minuscule and look at how well the silver price and
1:00:24
gold price have done, right. Look at how the mining stocks
1:00:28
have kind of hung in there as of late.
1:00:30
We've done that with, with, with a very small crowd of people,
1:00:36
right? Just, and, and as more and more
1:00:39
people come in, it's not going to take a lot.
1:00:42
It's, I mean, just the smallest uptick in people.
1:00:45
And we're seeing what's happening already, guys, When,
1:00:48
when, when we get, you know, we're one in 100.
1:00:51
We're actually, we're probably more like one in 300, the
1:00:53
enthusiast when we get more people coming in, right?
1:00:57
When we go from being one in 300 people to maybe just one in 100,
1:01:02
that's like three times. It's very, very critical.
1:01:05
So as this channel grows, right, those of you who've been around
1:01:08
for a long time, I salute you, right?
1:01:11
We, we went through some hard times and the new people, you're
1:01:14
very welcome. There's some great people here
1:01:16
who can help you out, answer questions, all that good stuff.
1:01:22
Hold on, hold on one second. Oh, OK, yeah, let's go check out
1:01:29
the silver price and I got now we got more.
1:01:31
We got to talk about the Costco dads.
1:01:33
So hold on. Susie is telling me to look at
1:01:35
the silver price. Press the pin backs magic
1:01:39
button. All right, baby, we're up 73
1:01:42
cents. Look at gold up 22, almost 23
1:01:48
dollars 2741. Do you realize I'm going to be
1:01:53
talking to David Hunter? You know David Hunter, he's
1:01:55
saying we could get like $500 silver at some point out in the
1:02:00
future, right? Like by the end of the decade,
1:02:02
$500 silver. But I last talked to David
1:02:05
Hunter five months ago and I was just curious about, it was like
1:02:09
May 25th. I went back and looked.
1:02:12
When we talked last, the gold price was $2200.
1:02:16
Now we're $2700. I mean, it is absolutely
1:02:21
incredible. What is going on?
1:02:23
Hold on here, guys. I got one more thing we need to
1:02:26
talk about if I can find it. Here we go.
1:02:31
Here we go. OK, This is from Yahoo Finance.
1:02:36
Mainstream media. Mainstream media, our favorite.
1:02:40
Here's one economic message from the Costco Gold bar craze.
1:02:47
Baby, look at gold. Let's go look at silver real
1:02:49
quick in the futures market. Oh my gosh, guys, it's
1:02:53
happening. And this is really healthy price
1:02:56
activity and silver futures. December 24th.
1:03:00
This is the futures price. OK, there's the spot price, the
1:03:03
immediate price, and then there's the futures price.
1:03:05
But this is like the most popular contract right now.
1:03:09
So it's two months out, $34.73. Oh, my gosh.
1:03:16
Unbelievable. All right, hold on now.
1:03:18
It's not why we were here. Let's hear.
1:03:20
Let's learn about the economic. The secret message that the
1:03:24
Costco dads are sending us. OK, It's all about trust.
1:03:31
The nation may have left the gold standard in 1933, but
1:03:34
Costco shoppers have proven that gold is a red hot buy.
1:03:39
OK, hold on. Let's see.
1:03:40
This is by Grace Williams. We like you, Grace.
1:03:45
So gold is a red hot buy. You think, Grace, you think
1:03:48
you're a couple years late on that one.
1:03:50
But nonetheless, sure, it's an investment, but also it's
1:03:53
reflecting this year. This is Yahoo Finance, this
1:03:57
yearning for real money, economist and senior fellow at
1:04:01
the Independent Institute Judy Shelton told Yahoo Finance
1:04:05
Executive editor Brian Saasy on a Yahoo Finances opening bid
1:04:10
podcast. Gold is kind of a surrogate for
1:04:13
the real economy and it represents commodities but also
1:04:18
that traditional role of money. You can trust the widely popular
1:04:24
Costco bullion was introduced to warehouse club members last year
1:04:28
for one ounce bars. This product has flown off the
1:04:30
shelves with Costco raking. It reported 200 million per
1:04:36
month whoa in gold bar sales. Demand has been so great that
1:04:42
now they're offering platinum as well.
1:04:44
According to The Shelton, the gold rush at Costco likely has
1:04:48
personal meaning to the financial skittish consumer.
1:04:52
Over the past few years, consumers have been accustomed
1:04:55
to watching inflation spike as high as 9% or, you know,
1:05:00
unofficially 19%. While the US dollar lost 20% of
1:05:04
its purchasing power, this hasn't exactly stoked Americans
1:05:08
confidence. The sudden rise in gold's
1:05:10
popularity could also relate to consumers overall trust in
1:05:14
precious metal and what it represent, she says.
1:05:17
Quote. It's a meaningful unit of
1:05:19
account. It works across borders, It has
1:05:22
universal value, and it's highly recognized.
1:05:27
OK, Oh, boy, there's more you guys want to hear.
1:05:31
More precious metals are surging.
1:05:32
We know that. UBS chief investment officer
1:05:36
said that the gold price rally has further room to run.
1:05:39
UBS is like the biggest, oldest Swiss bank in the world, citing
1:05:43
potential for more interest rate cuts.
1:05:45
Everybody thinks gold's going higher.
1:05:48
All right, guys. Everybody thinks now.
1:05:50
Judy Shelton also said something that I think is is a foundation
1:05:57
of what you and I need to realize as gold and silver
1:06:02
investors. It it was so good that I I made
1:06:04
it into a little card that I keep here on my desk.
1:06:08
Gold and we can say this about silver and silver are links to
1:06:13
reality this. Hi everybody is no longer a link
1:06:23
to reality. This this is in big trouble
1:06:26
unfortunately right now. Not when, not when this was the
1:06:32
case. Remember there was a time we're
1:06:37
going to get some focus here. Come on, baby, focus.
1:06:41
There was a time. Why won't that There it is.
1:06:44
Do you see that at the very top? Silver certificate, There was a
1:06:51
time when this was based and it says at the bottom, I'll read it
1:06:54
to you. I'm going to read you a little
1:06:55
story. This was the United States of
1:06:58
America, $1.00. This one here was made 1935.
1:07:03
Most of us weren't born then. And here's a little story at the
1:07:07
bottom of this dollar. You know what it says?
1:07:09
It says $1.00 in silver payable to the bearer on demand.
1:07:19
That means if you had this in your possession, you're the
1:07:23
bearer. OK.
1:07:25
Hello, Mr. Bearer. And it says right there on the
1:07:28
bottom. Just so you you know that I'm.
1:07:32
Come on, Focus. I need to get a camera that
1:07:35
focuses faster. See if we can get this.
1:07:38
I'm not going to give up. We're going to be there.
1:07:40
It is. Why is that shadow?
1:07:44
We're not going to stop till we get it.
1:07:46
OK? I'm not going to stop warning
1:07:49
you, Internet. OK, there we go.
1:07:52
We're coming closer. Slower, Slower.
1:07:56
Well, underneath $1.00, it says in silver, payable to the bearer
1:08:00
on demand. Those were the good old days.
1:08:03
Susie had said something to me. Hold on one second.
1:08:05
I need to yell at her to see what she said.
1:08:13
Oh, I got a super chat. OK, guys, man, you guys have
1:08:15
been super generous lately. Clifton Moberg.
1:08:19
Trump wears gold basketball shoes.
1:08:21
I want some. Absolutely, absolutely.
1:08:25
All right, guys, Thank you for being here today.
1:08:28
Let's let's for fun. What the heck?
1:08:31
Let's go out one more time. So silver was up 73.
1:08:34
Come on, silver 72. We'll take it.
1:08:38
What's most important to me and I want to say thank you one more
1:08:42
time to all 1000 of you who joined yes, you don't leave.
1:08:46
I'm talking to you. It's a big deal.
1:08:48
We appreciate you. We want you to know that you're
1:08:51
always welcome here, right? Rarely.
1:08:54
And we've had to ban some people from the channel.
1:08:56
There's always a couple, but I mean, it's a very, there are
1:08:59
such great people and you're a part of it.
1:09:02
OK, That's important, right? Good people.
1:09:04
We appreciate you. Thank you.
1:09:06
Thanks to the moderators, Thanks to Susie, everybody.
1:09:09
Have a great day. OK.