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Investor Alert: Is the Silver & Gold Rally Sustainable · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:04
  Hello, basement dwellers, and welcome to the basement.
• 0:07
  Welcome to the live stream. Welcome to.
• 0:09
  It's Tuesday, right? I don't know.
• 0:12
  Do you find that as you get a little bit older, sometimes you
• 0:14
  lose track of what day it is, whatever day it is.
• 0:17
  Welcome to the live stream. We've had some massive, massive
• 0:22
  moves in the silver price. In the gold price.
• 0:25
  Yeah, we'll call it massive. What the heck?
• 0:27
  Anything that's moved up so much, right in the last
• 0:30
  especially gold, few months, big deal, but will it last?
• 0:35
  Are we in for a pullback or will it continue higher and higher?
• 0:41
  In this video, we're going to look at both silver and gold,
• 0:46
  talk about the big factors that are going on right now.
• 0:50
  There's a lot of attention being paid to China, especially when
• 0:54
  it comes to gold. We need to talk about that.
• 0:56
  We want to stay in tune with what's going on.
• 1:00
  And of course, we're rooting for higher and higher gold and
• 1:03
  silver prices. But let's talk about silver to
• 1:06
  get started. Will silver, Will gold continue?
• 1:10
  Will silver hit that $50 magic number that we're all waiting
• 1:16
  for? OK, is it a breakout or is it a
• 1:19
  fake out? That's what we're going to talk
• 1:21
  about today. Hey, I want to tell you first
• 1:23
  our old friend, Coin Shop Chris. Do you remember Coin Shop Chris?
• 1:27
  He was texting me last night. We were going back and forth,
• 1:31
  very happy about the price movement in the metals.
• 1:34
  I could tell he was all pumped up.
• 1:36
  Of course I'm happy about it as well.
• 1:38
  But Coin Shop Chris said something months ago that
• 1:41
  relates to what is going on right now.
• 1:44
  He always said that once silver got above $26.50 per oz, it was
• 1:51
  off to the races. So what do you say, basement
• 1:55
  dwellers? I think we should hold Coin Shop
• 1:57
  Chris to that, to that prediction and let's run out
• 2:00
  real quickly here and check on the silver price because we were
• 2:06
  having a pretty good morning with silver.
• 2:08
  Let's go, we'll go out to our friends at Pimbeck's 2644.
• 2:13
  So we are, we are knock knock knocking on that $26.50 critical
• 2:19
  level that coin shop Chris says we need to hit and then it's
• 2:22
  quote UN quote off to the races. Well Chris, we'll be keeping an
• 2:26
  eye on it and we'll be keeping people posted.
• 2:29
  I tend to think, I don't know what you think, but I think
• 2:32
  $28.00 range or so could be where we really take off with
• 2:37
  the silver price. But we're going to go to the
• 2:40
  charts next for a big update and I've got a crazy funny picture
• 2:43
  for you as well. But hey, while we're here, let's
• 2:47
  all say thank you to channel sponsor Pinbex.
• 2:50
  Here's how you get to the website right up there.
• 2:52
  Pi, MB, E, x.com. They have, as you can see, Gold,
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  But what they have that's most important to me is #1A, Great
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  selection #2 great prices #3. They're a company that you can
• 3:13
  trust. Do your own research, but next
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  time you're out shopping for some silver, gold, Platinum
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  online and you're going to buy from an online bullion dealer,
• 3:22
  compare what you get to compare the the full picture at Pinbex
• 3:26
  to what you get from the other companies, and I think you'll
• 3:29
  find what I found. Pinbex is best.
• 3:31
  Thank you, Pinbex, for sponsoring Ron's basement.
• 3:34
  Now let's go. Let's go.
• 3:36
  Hey, basement dwellers, thank you, Annie Oakley for being
• 3:39
  here. Thank you, Susie.
• 3:40
  Thank you. I believe I saw Jake from Jake's
• 3:43
  custom parts. Everyone who's helping out this
• 3:45
  morning, thank you so much. What a crazy time we've been
• 3:50
  having in the precious metals markets.
• 3:52
  Is silver going to head to $50 per oz?
• 3:55
  I believe it is. I believe it's going to go much
• 3:58
  higher than that. But what just recently happened
• 4:02
  that could should have us all very, very excited.
• 4:05
  Let's go. Our friend, our good friend
• 4:07
  Kelton once again provided us with an update.
• 4:10
  He emailed me last night. Again, guys, this is the big
• 4:14
  wedge pattern. As you can see on the far right
• 4:16
  side, we broke out of the wedge. OK, I want to show you another
• 4:22
  slide where I zoomed in on that. This is yesterday.
• 4:25
  The far right side, 2611 as we just saw were even higher.
• 4:30
  Why is this a big deal? It's a big deal.
• 4:34
  Let me read this to you very quickly, one quick paragraph.
• 4:37
  So you understand the wedge pattern is a technical analysis
• 4:40
  tool used in trading to identify potential trend reversal or
• 4:44
  continuation. It's formed by two converging
• 4:48
  trend lines that slope in the same direction.
• 4:52
  So when we're looking at this right, we've got 2 lines sloping
• 4:57
  toward each other. Kelton estimates those lines
• 5:00
  would converge around October of this year.
• 5:03
  OK. The slope is usually either
• 5:06
  upward or rising wedge or downward, a falling wedge.
• 5:09
  Now in our case, when I look at this, I don't think it's rising
• 5:12
  or falling, maybe slightly rising.
• 5:15
  I don't know what that means. These patterns indicate a period
• 5:18
  of consolidation. We've talked about that.
• 5:20
  Haven't you noticed the silver price over the last year, year
• 5:24
  and a half? I mean basically it's been
• 5:27
  between 22 and $25 until recently.
• 5:31
  Right now that we've, I mean we've broken out of this of this
• 5:36
  wedge pattern as the price range narrows suggesting a potential
• 5:42
  breakout in the direction opposite of the slope of the
• 5:46
  wedge. Traders often use wedge patterns
• 5:48
  to anticipate the future price movements and plan their trading
• 5:52
  strategies accordingly. All right, now we got to look at
• 5:56
  cause Kelton, you know we joke around about this being the
• 5:58
  wedgie pattern. So look at what this guy sends
• 6:01
  me, That guy that's a pair of tighty whiteys and that is
• 6:09
  wedgie. Wedgie men.com.
• 6:11
  I guess maybe there's a a whole website dedicated to wedgies
• 6:16
  that is the wedgie that we're getting in the silver price.
• 6:19
  Let's all hope we don't wind up like that guy as this wedge
• 6:23
  pattern does resolve itself. And what's so important about
• 6:26
  the wedge pattern? I'm going to beat the dead horse
• 6:29
  one more time. There's a massive cup and handle
• 6:32
  in silver, as you can see from 1980 through 2011, the $250
• 6:39
  highs that forms the big cup and then from 2011 through now that
• 6:45
  forms the handle. And at the end of that handle is
• 6:49
  the wedge pattern that we just broke out of.
• 6:52
  Let's hope for confirmation and that we will indeed continue
• 6:56
  much, much higher with the silver price and the gold price,
• 6:59
  160 people. I got to go to a doctor's
• 7:02
  appointment this morning, so I apologize.
• 7:03
  I did do this so early. Thank you, Don Howe, for the
• 7:07
  Super chat is the United States. All right.
• 7:09
  Let's let's shift over. This has to do with silver as
• 7:13
  well. But this is scary.
• 7:14
  Is the the United States losing control?
• 7:20
  Is the LBMA? Is the COMEX losing control over
• 7:24
  the precious metals prizes? I want to run out quickly to
• 7:28
  this interesting little tidbit that we received.
• 7:34
  Boo. Here we go.
• 7:35
  And this comes from our friends. A Gold Star I believe that's a
• 7:41
  John Little created publication. China this is funny.
• 7:45
  China buys up, up. China buys up the physical gold
• 7:49
  smashed down by the Comex in London.
• 7:52
  Gold will continue to climb. And you know what that means for
• 7:55
  silver, guys? Silver.
• 7:58
  It's getting exciting, but gold will continue to climb
• 8:01
  regardless of the US disinformation campaign to
• 8:05
  discourage gold. Bind the United States.
• 8:08
  Some people think, right? There's been a concerted effort
• 8:11
  to discourage Americans from buying gold.
• 8:14
  To discourage Americans especially from buying silver.
• 8:19
  One of our go to analyst Eric Yuan has it right.
• 8:23
  China buys physical gold from the West every time the Comex,
• 8:28
  London and the Silver Institute rigs the spot price of gold and
• 8:32
  silver in the US and Europe. At this point we won't go into
• 8:36
  the details of how they rig prices to the downside, but
• 8:40
  there are numerous articles on this subject on bankers working
• 8:43
  with their government partners to quote UN quote, slam down
• 8:46
  prices. There are people who have spent
• 8:48
  their entire careers proving that the silver price and gold
• 8:52
  price are manipulated. This is the funny part.
• 8:55
  This is Eric's tweet that John included in this post.
• 8:58
  It says the Shanghai, China, Shanghai gold price is now at
• 9:02
  2162 because the price in Shanghai for gold and silver is
• 9:05
  always higher, he says. Based on my observations in the
• 9:09
  last six months, every time COMEX slams paper gold, China
• 9:14
  does the Goodfellas routine. So the COMEX says, oh, we got
• 9:18
  bad CPI numbers, so we have to slam down.
• 9:21
  Gold China. The Chinese at the Shanghai Gold
• 9:24
  Exchange say, I'm not going to say the part that scratched out
• 9:28
  deliver me my physical gold. And they're laughing guys.
• 9:31
  There's there's Chinese media reports where they're talking to
• 9:34
  silver refiners in general over there.
• 9:37
  And what does it mean? These Chinese refiners laughing
• 9:40
  at the United States, they're like, oh, yeah, in the United
• 9:42
  States and London, you know, they they think that the price
• 9:46
  of silver is based off of something that somebody at the
• 9:49
  Federal Reserve says. They're like, no, no, no, no,
• 9:52
  here, you take our paper dollars, we'll give them back to
• 9:55
  you, America, We'll take your gold.
• 9:58
  We'll take your silver. OK.
• 10:01
  The Comex says bad employment numbers.
• 10:03
  We have to slam paper gold, China Shanghai Gold Exchange
• 10:08
  says. Deliver my physical gold right
• 10:11
  and remember big news. This Friday we will get
• 10:15
  employment numbers. We will get the March, the month
• 10:17
  of March employment numbers and you know we can expect some
• 10:21
  crazy news, especially that we are right in the beginning meat
• 10:25
  section of an election year. Who knows right?
• 10:28
  Friday could be a crazy day in the silver and gold market.
• 10:32
  Be prepared mentally, especially since we've had such a big run
• 10:36
  up as of late. OK, big, big, big, big news on
• 10:40
  Friday, Comex says. We had a bad day, had to slam
• 10:44
  paper gold. China Shanghai Gold Exchange
• 10:46
  says deliver my physical This re loops into perpetuity.
• 10:51
  That just basically means at this point guys, China's like in
• 10:56
  simple terms, imagine a wall with China on one side and the
• 11:01
  USA on the other. The Chinese are throwing bundles
• 11:04
  of paper dollars over the wall and and and and requiring the
• 11:11
  West to send gold and silver back in return.
• 11:16
  It's getting very, very interesting.
• 11:19
  I don't know how you feel about the situation with China and
• 11:22
  gold, but I mean, China is gold crazy right?
• 11:26
  Now. Silver crazy also.
• 11:28
  But don't forget we have pictures of like 800,000 people
• 11:32
  lining up at 1 shopping mall to buy gold, right, 'cause this new
• 11:36
  store. Hey, thank you, Don.
• 11:37
  Wow. For the doctor's appointment.
• 11:41
  Yeah, I know, man. It's like crazy in this country.
• 11:44
  I don't get me started. Thank you, Don.
• 11:45
  I appreciate that. But 800,000 people, right?
• 11:50
  China is gold crazy. And I've got more it gets it's
• 11:53
  it's even it's even better. Let's go out here to from Kitco,
• 12:00
  OK? Gold price hits new record highs
• 12:03
  as the West loses price setting powers Frank Gistra and Pierre
• 12:07
  Lissand. To the most famous people in the
• 12:11
  silver, the most respected people on new geopolitical
• 12:14
  reality and resource and nationalism.
• 12:18
  This is crazy. It's a great and it's a great
• 12:20
  interview. A lot of people have sent me
• 12:22
  this. I watched the first half and
• 12:24
  then I passed out the other night because I was so tired.
• 12:27
  However, I do plan on watching the second-half.
• 12:30
  But this let's get to let's get to the meat of what they're
• 12:33
  talking about in terms of how the world is changing.
• 12:36
  OK And this is Frank Gistra and again Pierre Lasan.
• 12:41
  OK with with OK quote. The world hasn't woken up yet.
• 12:48
  The marginal buyer of gold is no longer the United States, it's
• 12:54
  no longer Europe, it's China. That's a big deal because
• 12:59
  traditionally we controlled London, the United States, the
• 13:03
  UK. the United States controlled the precious metals markets.
• 13:07
  That is changing between China's central bank and the Chinese
• 13:12
  public. China takes up over 2/3 of all
• 13:16
  annual production. They are the new marginal buyer.
• 13:20
  That's where the gold price is set, Lasan told Michelle
• 13:23
  McCrory, lead anchor and editor in chief for Kitco News, during
• 13:26
  Kitco's Insight Interactive. OK, whatever Bricks Plus, which
• 13:32
  now includes Brazil, Russia, India, China, South Africa,
• 13:35
  Saudi Arabia, Egypt, Ethiopia, Iran and the United Arab
• 13:39
  Emirates can get up one morning. Listen to this and say they're
• 13:43
  going to quote back their collective new currency with
• 13:46
  gold, which they can now set to create more credit and reserves.
• 13:51
  Mr. Gistra points out a coordinated move by the BRICS
• 13:55
  Plus against the US dollar could lead to a violent result.
• 13:58
  He warned. No one wants war.
• 14:01
  But here's the problem, the US is facing an existential threat.
• 14:06
  It's a national security issue, Gistra said.
• 14:09
  If there's a sudden move towards replacing the US dollar, meaning
• 14:13
  perhaps a bricks announcement of a new currency backed by gold, I
• 14:18
  think it would it would react quite violently.
• 14:22
  Now, these are Canadians talking about the United States saying
• 14:25
  that if indeed the BRICS countries collectively decided
• 14:31
  that they were going to back their currency with gold, right,
• 14:35
  the gold standard, maybe directly, maybe indirectly.
• 14:39
  But what they're saying is there's a potential that the
• 14:42
  reaction by the United States would not be very friendly.
• 14:46
  Now we've had people say that some of the other conflicts that
• 14:50
  have occurred especially in North Africa over the last 20 or
• 14:54
  30 years had something to do and even in the Middle East had
• 14:57
  something to do with countries who suddenly decided that they
• 15:01
  were going to maybe sell oil for gold and that did not sit well
• 15:06
  with the United States. So we are entering a very, very
• 15:10
  volatile period of massive, massive change.
• 15:15
  And we know. Right.
• 15:16
  What does it tell us when we know that when President Xi from
• 15:20
  China goes, thank you, born hunting for the Super chat, my
• 15:23
  friend, when the when the President Xi of China goes and
• 15:26
  meets with Vladimir Putin and as they're leaving each other, they
• 15:30
  both recognize that we are right now living through a period of
• 15:33
  change like nothing else in the history of the world.
• 15:38
  Yeah. And guys, what is the evidence
• 15:41
  show us that's going on with that.
• 15:43
  What is the evidence shows us? The evidence shows us that those
• 15:46
  countries that are, that are at the forefront of this massive
• 15:50
  change that's going on right now are accumulating massive amounts
• 15:56
  of precious metals. India, China, right, Russia, all
• 16:01
  the BRICS countries. I don't need to listen for you
• 16:03
  again, You don't want to hear that.
• 16:05
  But what you do want to hear and what you do need to put together
• 16:09
  is this idea that they are accumulating.
• 16:11
  They're not accumulating piles of cash or EUR or dollars or
• 16:17
  each other's currencies. Even what they are accumulating
• 16:21
  are massive amounts of precious metals.
• 16:25
  Tim Zoob, who's a regular contributor here on the channel,
• 16:28
  sent me an e-mail yesterday that he'd read somewhere that, like,
• 16:32
  China is accumulating massive, massive amounts.
• 16:35
  Not just gold, not just silver, but a lot of resources because
• 16:39
  they realize right there the What does it tell us when the
• 16:43
  country that manufacturers, everything in the world is
• 16:47
  snapping up all the world's resources or attempting to snap
• 16:51
  up a big majority of the world's resources, We are in for some
• 16:55
  very, very interesting time. OK, very interesting times.
• 16:59
  You know, I talked with Keith Newmeyer yesterday, very highly
• 17:02
  respected name in the silver and gold community.
• 17:05
  We talked a lot about, well actually it's great opportunity.
• 17:08
  We talked a lot about first mining gold.
• 17:09
  He founded that company If you want to learn more about First
• 17:13
  Mining Gold, they're a gold development company with two
• 17:16
  multi million ounce projects in Canada and a host of other
• 17:21
  projects gold development projects in Canada.
• 17:23
  You can learn more about them at firstmininggold.com.
• 17:27
  Keith is the Chairman and founder of the company.
• 17:30
  You can also reach out to their Director of Investor Relations
• 17:33
  Paul Morris. I'll put his e-mail address
• 17:34
  below. But what I want to tell you
• 17:36
  about what Keith said just in general he mentioned that the
• 17:41
  the the massive, I think it was 2002 to 2012 bull run that we
• 17:47
  had in the metals after the tech bubble burst.
• 17:50
  Guys, how does it make you feel the prospect that we we could
• 17:56
  have a four year, six year, eight-year, 10 year, 12 year, 20
• 18:03
  year bull run right in the prices in the real real, real
• 18:09
  value of the precious metals. Thank you metal seer Justra.
• 18:13
  Thank you Justra. I knew I was screwing that up.
• 18:16
  Thank you metal seer Frank Justra.
• 18:18
  Sorry Frank, I pronounced your name wrong.
• 18:20
  No offense taken I hope but it's real.
• 18:23
  And he talked about how how during that period it was like
• 18:27
  it would go up. It wasn't a straight line and we
• 18:30
  would think, oh, it's over and then it would continue up and
• 18:32
  continue up and continue up. But what he said, he said
• 18:35
  something that that that really kind of I hadn't thought of and
• 18:39
  turn, turn the light bulb on for me.
• 18:41
  There's so much money floating around out there right now, OK,
• 18:46
  Because of the money printing that went on and all that money
• 18:50
  went into these bubbles, right. I would say the general stock
• 18:53
  market is in a bubble. I want to have a drink of
• 18:56
  coffee, hold on. And then we're going to get back
• 18:57
  to what Keith had to say because it's good stuff.
• 19:05
  All that money went into the stock market, bubble real
• 19:09
  estate, residential real estate. I'm sorry, the house above this
• 19:13
  basement is not worth $550,000. I don't know who could afford to
• 19:17
  pay that much for this house. It's great.
• 19:19
  I guess I won't complain. But none the less, eventually
• 19:24
  right went into the bond market with the bond market bubbles.
• 19:28
  Things will change and they will and that money will come back
• 19:32
  into the resource sector. What he alluded to is that is
• 19:35
  what happened after the tech tech bubble burst.
• 19:38
  I think he said the NASDAQ went from 5000 down to 800, right?
• 19:42
  And people like, what am I going to do?
• 19:44
  Oh, I'll go into the natural resources.
• 19:47
  It'll be like a tidal wave, 'cause these are my thoughts.
• 19:50
  It'll be like a darn tidal wave. Are you ready?
• 19:54
  Do you have your life preserver on?
• 19:56
  Do you have your gold and silver maybe precious metal mining
• 20:00
  stock? Right, life preserver on.
• 20:03
  When this tidal wave of money, 'cause I'm telling you it is
• 20:06
  massive, do I have to show you extras, Pyramid, I don't think
• 20:10
  we need to pull it up again. That amount of money that's out
• 20:13
  there, All synthetic, right? Here's gold and silver down
• 20:18
  here, the base of everything looking up.
• 20:22
  All the debt, all the credit card debt, all the corporate
• 20:25
  debt, all the government debt, all the paper money, all the
• 20:28
  electronic money, All this supposed synthetic value up
• 20:34
  there, and silver and gold are down there just holding it when
• 20:37
  little pieces it's not. Hopefully we don't want it all
• 20:40
  to collapse at once. But when little pieces of that
• 20:43
  start to fall out, pieces of the derivative market and coming
• 20:47
  back to the real source, the real God's money, right?
• 20:52
  Mother nature's money, silver and gold, it will be like a
• 20:56
  tidal wave, OK? It'll be like a tidal wave.
• 20:59
  All right, but. And look, I could be wrong.
• 21:04
  I could be proven wrong. And I wrote here, Susie proves
• 21:07
  me wrong all the time, OK. However, I think a lot of
• 21:11
  people, I think a lot of people out there, a lot of your
• 21:13
  neighbors, maybe a lot of your relatives who think they're rich
• 21:17
  right now because they didn't. Yeah.
• 21:21
  And I, when I was talking to Don Wedding, right.
• 21:23
  The guy who's a professor of statistics at at Northwestern
• 21:27
  University. You know we talked about like a
• 21:30
  lot of people got really rich over the last 2025 years.
• 21:35
  OK, thank you, Susie. We got 100 likes.
• 21:37
  I'm going to do the pocket pinger here in just one second.
• 21:39
  But there's a lot of people who got really rich over the last
• 21:43
  people that don't know a darn thing about stocks.
• 21:46
  They don't really know what they own.
• 21:48
  All they know is, well, I own Apple or I own Tesla or I
• 21:52
  bought. All they know is the name.
• 21:54
  They don't know what the real value is in terms of when they
• 21:57
  put 10,000 or 100 or they think they own 100,000 worth of Tesla
• 22:03
  stock or Apple stock. They don't really know.
• 22:05
  I think in the next 10 years there's going to be a lot of
• 22:10
  tears in that crowd, right, 'cause they just, they they,
• 22:13
  they got very rich and more power to them.
• 22:15
  And I have to admit I was probably wrong, right?
• 22:18
  I guess if I could go back 20 years from now ago, I would have
• 22:20
  put all my money into Apple stock, of course.
• 22:23
  But, but guys, when, when, when the hens come home to roost,
• 22:29
  right. It's gonna be a much different
• 22:31
  situation. And I think a lot of these
• 22:33
  people, they don't have capacity to understand what real value
• 22:38
  is. OK.
• 22:39
  And I think, let's ring this. I'm gonna change it out.
• 22:42
  This is the pocket pinger. I ring that 10 times.
• 22:45
  When we get to 100 thumbs up. Because you are important.
• 22:48
  It's a big deal. You're here.
• 22:49
  The thumbs up help. Thank you, guys, for being so
• 22:52
  generous this morning with the Super Chats as well.
• 22:55
  What do you say we ring? Let's ring this here.
• 23:01
  Peace dollar. Look at that.
• 23:04
  Don't you just love silver? Let's hear how Peace Dollar
• 23:07
  sounds today. I'll get some new things out
• 23:09
  here. I'm going to ring it 10 times
• 23:10
  for you for the 100. Thumbs up.
• 23:13
  Thank you, 78910. All right.
• 23:22
  Oh, boy. The hits keep coming, I'm
• 23:25
  telling you. OK, well, and and this leads
• 23:32
  into the next point, all right, If you're an average American.
• 23:35
  If are you an average American? You're not.
• 23:38
  OK, You are not. You are the very fact that you
• 23:42
  are investing time at a place like this where we look at
• 23:46
  what's really going on, the real situation.
• 23:49
  So you're not an average American, but I want to tell you
• 23:51
  this, at the level of financial education amongst the average
• 23:56
  U.S. citizen, those people I talked about earlier that all
• 23:59
  got rich is absolutely abysmal. That's a big word.
• 24:05
  Abysmal it is. I mean that's the, that's the
• 24:08
  fact about what's going on. Why do you own silver?
• 24:10
  Why do you own gold, right. Why do you own real assets?
• 24:14
  Because you understand what real value is.
• 24:18
  Our cohorts, right? They have no idea when the when
• 24:23
  the rush to silver and gold happens, when they do wake up.
• 24:27
  And a lot of them maybe won't even educate themselves.
• 24:29
  They'll just just like they all think about, think about this,
• 24:33
  think about this. Just like they all rushed in to
• 24:37
  buy Tesla stock when it was going to the moon or they rushed
• 24:40
  in to buy Apple stock because I like Apple phones, which is
• 24:43
  great, but that's not why you buy the stock.
• 24:45
  There's more to it than that. Those same people will rush into
• 24:52
  silver and gold, and with what? With the world we live in right
• 24:56
  now. I want you to think about this.
• 24:58
  Number one, instant communication #2.
• 25:02
  I'm telling you the online bullion dealers could be wiped
• 25:06
  out in the matter of hours. Maybe you know days but I think
• 25:10
  possibly even hours if we get when we get these people waking
• 25:16
  up again, the people like you are ahead of the curve.
• 25:19
  You already understand you and there'll be another group that
• 25:21
  comes in and more and more people are joining us and that's
• 25:24
  great. But when the when the I don't
• 25:27
  want to say the word the D word we'll say doofy people decide to
• 25:31
  join us, right. The people that said well I
• 25:34
  bought Apple because everybody buys apple, well those people
• 25:37
  will move into the silver and gold sacker.
• 25:40
  So I want to ask you a question, right?
• 25:42
  Because most people have no clue about this financial system.
• 25:46
  When you hold silver, when you hold gold, you're holding real
• 25:50
  money. I hope you don't have a bunch of
• 25:52
  debt, because the system that we live in right now, you get 0.
• 25:58
  Excuse me, Zero financial education, OK?
• 26:03
  The public schools, even the private schools, OK, unless you
• 26:07
  get educated by your parents or like in my in my case, I went to
• 26:11
  I studied, I have a degree in accounting from a good
• 26:14
  university. I learned a lot about money, and
• 26:16
  my parents were pretty good with money and my grandpa was really
• 26:19
  good with money. Read the Wall Street Journal
• 26:21
  every day. But most people have no clue.
• 26:24
  OK, so if you're just average American, you, you, you, you
• 26:28
  don't understand the big risk of debt, right?
• 26:33
  You're brainwashed, right? You go, oh, go to college, go
• 26:36
  into debt, get out of college, go into debt for a car, go into
• 26:39
  debt for a house if you can afford it, which nobody can at
• 26:42
  this point. You want to go on vacation, put
• 26:44
  it on your credit card, go into debt.
• 26:46
  Right. Do you want to be a debt slave?
• 26:49
  I mean, that's what they teach. That's the.
• 26:52
  I don't want to be negative. I mean, but that's the reality,
• 26:54
  right? If you if you if you subscribe
• 26:58
  to the mainstream and and and and you're taught to get
• 27:04
  yourself in the debt for everything, right.
• 27:06
  All these great commercials on TV and a lot of it comes through
• 27:08
  the TV. You wind up being a debt slave
• 27:11
  for your entire life. You don't want that.
• 27:13
  I know you don't want that. I don't want that for you.
• 27:16
  We don't want that. Silver and gold, right.
• 27:19
  Are one way #1. Get out of debt #2.
• 27:22
  Hold some silver and gold. OK.
• 27:24
  Because. Because otherwise you're behind
• 27:28
  the 8 ball for your entire entire life.
• 27:31
  OK, maybe at some point you know if you can save up a few Fiat
• 27:38
  dollars, but then and and and get ahead but you're gonna be
• 27:40
  losing 2% of your money on a year by year basis as well.
• 27:44
  Hey, let's shift gears real quickly.
• 27:47
  Big picture, what is like one of the biggest, longest standing
• 27:54
  support factors for the precious metals geopolitical turmoil.
• 28:00
  And we don't want to talk about this stuff, but we need to talk
• 28:03
  about it just to stay on top of what is going on right now.
• 28:06
  Because things in the world from a war perspective, right.
• 28:11
  Some people are calling it World War Three.
• 28:13
  I'm not going to say that and I don't want to incite fear, but
• 28:17
  but we've got two big developments going on in the two
• 28:21
  hot spots in the world. Number one I ran is very angry
• 28:26
  about their embassy, the bombing of their embassy where they had
• 28:29
  some some high level people were killed.
• 28:31
  They are vowing revenge against Israel.
• 28:35
  OK, yes, you heard that right. Like like two of the big power
• 28:38
  players in the Middle East, Iran, in Israel.
• 28:42
  And there was an attack with the Iranian embassy, I think, in
• 28:45
  Damascus. And now we have the Iranians
• 28:49
  irate and saying, we will be prepared.
• 28:52
  We are going to retaliate. Excuse me against you for that.
• 28:58
  This is the Middle East, OK. Remember, gold and silver,
• 29:03
  right. In a time of war.
• 29:06
  I want you to think about this in a time of war.
• 29:09
  This is, this is something nobody talks about, but it's so
• 29:12
  important to remember and to understand.
• 29:15
  In a time of war, nobody wants to hold the paper currency, the
• 29:19
  IO U's of another country because there's so much
• 29:23
  uncertainty. What do what do countries want
• 29:26
  during times of war for payment? What did the United States
• 29:28
  demand during World War One and World War 2 for goods and things
• 29:33
  that we manufactured and sold to, let's say, England or
• 29:35
  France? Yeah, we demanded to be paid in
• 29:38
  gold. OK, that hasn't changed.
• 29:41
  And the world appears to be continuing, unfortunately, to
• 29:47
  hurl towards more and more geopolitical uncertainty.
• 29:51
  We also have this horrific shooting thing that happened at
• 29:54
  the Russian concert hall. Now we have a headline saying
• 29:58
  Russia probes quote, Ukraine and US ties to the terror attack.
• 30:05
  As Putin says, gunmen did it for money.
• 30:09
  I mean, the situation in Russia, they're attacking on Russian
• 30:12
  soil. We know what's going on in the
• 30:15
  Ukraine. It's like Ukraine is this little
• 30:17
  spot right there. It's getting downright scary,
• 30:19
  OK? It is getting very, very scary
• 30:23
  in terms of what is going on out there right now.
• 30:26
  And it's so critical for us to remember again, again, right.
• 30:32
  The metals, real assets, who wants each other's paper IO us.
• 30:36
  When there's so much conflict in the world, people always even
• 30:39
  notice that they all throughout history have always gone back to
• 30:43
  silver. Always gone back to gold.
• 30:46
  Hey, I'm going to say thank you to channel sponsor Fortuna.
• 30:49
  They also make this live stream. Make this video possible.
• 30:54
  Fortuna's a silver and gold mining company.
• 30:56
  Operations in Latin America and West Africa.
• 31:00
  Exciting growth potential. You can learn more about Fortuna
• 31:03
  at fortunasilver.com. All right, guys, I got to run to
• 31:08
  the doctor. Thank you for being here today.
• 31:10
  Let's run out though. Quickly.
• 31:12
  Wait, wait, wait, wait. Let's run out and take a look.
• 31:17
  Yeah, look, I mean gold down $5. We'll take it.
• 31:20
  Can you believe that Gold price $2274.27?
• 31:28
  Man, if we told you each other that back in October.
• 31:32
  Silver holding in there up 262644.
• 31:35
  Don't forget Coin Shop. Chris is telling us that once we
• 31:39
  get above 2650, we're off to the races.
• 31:42
  Thanks for being here. Be nice to yourself today, OK?
• 31:46
  It's a good place to start. And that'll help us all be nicer
• 31:49
  to each other. I'll see you next time.
• 31:52
  Thank you.