Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **WARNING** SILVER Just had a MASSIVE Change... (CHINA Shock!) Gold - Precious Metals News

Transcript

**WARNING** SILVER Just had a MASSIVE Change... (CHINA Shock!) Gold - Precious Metals News · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  The shortage in silver appears to be very real and you may be
• 0:05
  wondering what does that mean as we head into the coming months,
• 0:09
  quarters and years? We are in a new paradigm, a new
• 0:13
  world for the price of silver and gold and the precious metal
• 0:17
  mining stocks. But right now we are in the same
• 0:20
  world together. I wanted to say thank you for
• 0:23
  joining me down here in the basement.
• 0:25
  You matter, you're important. Look, if I just came down here
• 0:28
  by myself everyday, it would be a cold, dark, dark, dark, dank
• 0:32
  place. So thank you for joining me.
• 0:35
  Please subscribe to the channel. We don't do memberships.
• 0:38
  We don't do any pay a fee to get the video.
• 0:40
  Everything is free. So I will ask you to subscribe.
• 0:43
  Press the subscribe and press the bell button so you get
• 0:48
  notified every time that we go live.
• 0:50
  Hold on here one second, having a little tech issue.
• 0:53
  There we go guys. So things are happening.
• 0:55
  We're going to look at all the reasons, all the examples why we
• 0:59
  could very well be into what is going to be an epic silver
• 1:03
  shortage, what I believe could turn into an epic silver squeeze
• 1:07
  for us together. Let's start by talking about
• 1:10
  central banks and buying silver. Can you believe it?
• 1:14
  This is getting big, major attention and I want to show you
• 1:17
  a couple great examples that we're getting right now.
• 1:21
  This first one comes from Eric Yong, King Kong 9888.
• 1:26
  Super respected person within the silver and gold sector.
• 1:30
  He's very well connected throughout Asia and listen to
• 1:34
  what he says. My source says I'm hearing the
• 1:37
  central Bank of XXX. They didn't want him to say who
• 1:43
  bought XXX billion of physical silver yesterday.
• 1:49
  If you report this, and again this was a message from a friend
• 1:52
  of his to him, please just say that you're hearing central
• 1:56
  banks are buying silver and don't mention the specific
• 1:59
  country. Apparently the decision of India
• 2:02
  to collateralize to monetize silver is all these central
• 2:07
  banks into buying silver. Who said silver isn't money
• 2:13
  anymore? Okay, then we, we got more
• 2:16
  evidence of central banks. We're going to get to that next.
• 2:19
  But guys, think about this. The reason why this is so
• 2:22
  important, We know central banks are buying massive amounts of
• 2:25
  gold, but when the gold runs out, right, what's right there?
• 2:30
  Silver. His silver was money before gold
• 2:33
  was. OK, let's move on.
• 2:34
  This next one when it comes to central banks, comes from Gold
• 2:38
  Silver, Mike Maloney, right? Another massive name, another
• 2:42
  person who's been in the gold and silver sector for a long
• 2:45
  time, super respected Silver's big comeback. 3 central banks
• 2:51
  are already in. What's next?
• 2:53
  And there was a short video here at the New Orleans Investment
• 2:57
  Conference. But essentially, when a Gold
• 2:59
  silver viewer from Poland approached Mike Maloney at the
• 3:03
  New Orleans Investments Conference, he was asking a
• 3:06
  question that stopped the room. Central banks are buying gold by
• 3:10
  crazy, but why not silver? And the answer was basically
• 3:15
  this. We know that the central Bank of
• 3:19
  Saudi Arabia or, or at the sovereign wealth fund bought the
• 3:23
  SLVETF. We know that Russia also has
• 3:27
  been buying silver. And we also know now that India
• 3:32
  apparently, according to this, is also buying silver.
• 3:35
  And we also know that India is monetizing silver, allowing
• 3:39
  people to use silver as collateral for loans, right?
• 3:44
  Apparently in 2026 and India, 1.4 billion people, OK, massive
• 3:50
  India, a country that has long loved precious metals like
• 3:55
  nowhere else. It's different in in in India,
• 3:58
  guys, I know a lot of Indian people if Indian neighbors,
• 4:02
  friends, whatever, they have a completely different mindset
• 4:05
  overall than we do in the West when it comes to gold and
• 4:10
  silver. And apparently in 2026, right
• 4:13
  the the big banks in India will be able to take silver.
• 4:17
  You could take this stuff. Here's a beautiful 5 oz bar from
• 4:21
  channel sponsor first meant you can take that to the bank in
• 4:25
  India and get cash for it. Use it as collateral.
• 4:29
  That's monetization of silver. That's like silver backed money
• 4:34
  like these. Well, we got all the props
• 4:37
  today. Remember this.
• 4:39
  Look at that. That's not AUS dollar.
• 4:41
  Look at the very top. It's a silver certificate.
• 4:45
  And on the very bottom here, I'll read it to you if I can.
• 4:48
  It says $1.00 in silver, bearable payable to the bearer
• 4:54
  on demand. It says that right on the
• 4:56
  bottom. I don't know if it's going to
• 4:57
  focus for you. OK so look, central banks are
• 5:03
  buying silver. Is it just starting?
• 5:06
  Absolutely. Will it continue?
• 5:08
  Yes right cuz the gold, they're like us gold gets too expensive
• 5:13
  gold's probably gonna be gone at some point the way things are
• 5:16
  going. Okay and by the way, thank you
• 5:18
  for being here. Okay, basement dwellers, I know
• 5:22
  we're having some volatility in the silver market today.
• 5:25
  That's OK. What's the price of silver?
• 5:28
  Let's go look and I'm going to tell you why not to worry.
• 5:30
  And then, and then we're going to talk about China and silver
• 5:34
  and gold. It's absolutely incredible.
• 5:38
  Oh boy, silver's down. Oh my gosh, I know it was up
• 5:41
  big, way big this morning. Let's see if we can get silver
• 5:49
  or to be back in the green by the end of this live stream.
• 5:52
  But right now market, it's down $0.20.
• 5:55
  It was up like what, almost $2.00 this morning.
• 5:59
  It's OK guys, OK. Whenever big moves in any asset
• 6:03
  happens, volatility is the norm. So don't get freaked out.
• 6:08
  I know it's a bummer, don't get me wrong.
• 6:10
  I'm with you on that. But that's one year.
• 6:15
  I still say if you look over here, I'm going to show you this
• 6:17
  real quickly and then we're going to get to China.
• 6:19
  We've got a little cup and handle formation forming here.
• 6:23
  Since when? About October.
• 6:25
  But that's not what we want to look at.
• 6:26
  We want to look at the one day chart and cry boohoo, right, No,
• 6:31
  OK, yeah, silver gotten as high as what, 52 in the futures
• 6:36
  market. So down what, $1.70?
• 6:40
  It's normal. Look, let me look at it.
• 6:44
  Let's pull that one year chart up again, OK, Look at all that.
• 6:47
  That is not a perfectly straight line over the last year.
• 6:51
  Don't get too freaked out. Don't worry, OK?
• 6:54
  Everything's going to be OK. China is a massive force when it
• 6:58
  comes to the precious metals. Massive.
• 7:01
  OK, India also, but we already talked about them.
• 7:04
  So let's move on to China, the other country with 1.4 billion
• 7:10
  people that love precious metals in China, signs of a shortage.
• 7:17
  Let's go. Let's, let's look at this
• 7:19
  breaking news that we have. Let's go over to, we're going to
• 7:24
  start here with Hanza Serenade, one of the sharpest emerging
• 7:30
  silver and gold contributors. He says right here, China silver
• 7:36
  shortage is getting worse and the data just confirmed.
• 7:39
  It's guys everyday we're getting this news, the Shanghai Gold
• 7:42
  Exchange, the Shanghai Futures Exchange where silver is traded
• 7:46
  in China, right, Mostly all physical just hit their vaults,
• 7:51
  hit another new low, not yesterday, not last week, but
• 7:55
  today again, this was yesterday. This is no longer a trend.
• 7:59
  This is a structural shortage unfolding in real time.
• 8:04
  And then down here, he shows the previous two days.
• 8:07
  I think I've got even more recent data for you.
• 8:11
  But basically, the silver is being moved out of the Shanghai
• 8:15
  Gold Exchange. People are taking delivery.
• 8:18
  And then we get this. OK, latest update from Swiss
• 8:24
  expert Jay Steiger on the precious metals market in
• 8:28
  yellow. OK, China has just pulled the
• 8:30
  trigger on silver China. In China, you can only trade
• 8:35
  gold or silver futures if the metal is physically deposited.
• 8:40
  This past Friday, the Chinese said no more deliveries.
• 8:44
  We are keeping our metal right. These export controls, shipping
• 8:49
  metal from China to London might delay a default but for it by
• 8:53
  three to six months. But the stop is now.
• 8:56
  And then, of course, apparently Mr. Steiger quoted this e-mail.
• 9:00
  He said. I received an e-mail from a
• 9:02
  London Bullion Market Association LBMA broker this
• 9:06
  morning. He writes that the gold price is
• 9:10
  being driven by China and other bricks central banks due to de
• 9:17
  dollarization and a move into hard assets.
• 9:20
  We expect this de dollarization to spill over to other hard
• 9:25
  assets, including silver. Wow, guys, it just gets more and
• 9:32
  more interesting and let's go look at this one more one more
• 9:37
  example from China. This came comes from the
• 9:40
  Oriental ghost just a few hours ago.
• 9:42
  Western agencies are facing a serious situation when they use
• 9:47
  financial methods paper fantasy island right silver to the to
• 9:52
  control the cost of buying silver.
• 9:55
  They face huge losses in holding a large number of short
• 9:59
  positions. If the delivery cannot be made
• 10:02
  on time, default, the supply chain will be interrupted.
• 10:08
  And then he says here, this is again just this is now the
• 10:11
  latest data, another new low in the silver vaults of the
• 10:15
  Shanghai Gold Exchange. In the Shanghai Futures
• 10:17
  Exchange, the market data is below.
• 10:20
  We love to look at this. Let me get out the markers for
• 10:22
  those of you who are new, this is the Shanghai Gold Exchange
• 10:26
  and the Shanghai Futures Exchange.
• 10:28
  This is today's report. OK, where did silver close $53
• 10:35
  per oz? There it says right there AG,
• 10:38
  that's the periodic element symbol for silver on the
• 10:43
  Shanghai Gold Exchange, which is their pure physical exchange,
• 10:48
  $53 per oz. And as you can see the Shanghai
• 10:54
  Futures Exchange, that's the change in bolts and vault
• 10:59
  inventory. And then this is the Shanghai
• 11:01
  Gold Exchange. Again, both of those are
• 11:04
  reaching new lows. Let's go look at this data from
• 11:08
  China. OK, wow.
• 11:12
  There it is right there, $53.22 per oz closing cost.
• 11:17
  Hey, if you want to get your hands on some silver before the
• 11:22
  Chinese take it all over, I already showed you the here.
• 11:25
  Let's do show and tell. There's a 5 oz.
• 11:27
  Silver bar from First Mint, but channel sponsor First Mint.
• 11:32
  There's our late logo right there.
• 11:34
  Here's another cool product they have available.
• 11:37
  This is a 10 oz folded American flag.
• 11:41
  Isn't that awesome? OK, and this what's really cool
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  about this is it benefits the Folds of Honor Foundation.
• 11:48
  That's a foundation that provides educational
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  scholarships to children and spouses of fallen and deceased
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  members of the military and 1st responders community.
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  Let me show you, OK And 1st meant is just an awesome
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  company. You guys, you know they make the
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  live streams possible, but you guys have just given me
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  unbelievable positive feedback from your experience.
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  I got a box from them the other day.
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  I'm telling you, their packages are, it's like you're getting an
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  iPhone or something. It's like their packaging is
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  second to none, but the silver inside is even better.
• 12:24
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• 12:26
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• 12:30
  Go down, go to store, go down to the 4th selection Folds of Honor
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  and they have all kinds, tons of information about the program
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  and they have three products available.
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  There's a moving video, there's the three different things.
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  They've got a one ounce round, the 10 oz Folds of Honor
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  American flag and a 10 oz bar. And then you can see down here,
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  part of the proceeds get donated to, Oh my gosh, life changing
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  impact, $750,000 in donations that they've made.
• 13:05
  That is incredible. OK.
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  But what's really cool about First Mint is the silver you
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  get. It's the freshest silver in
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  town. You might be asking how, Ron,
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  what do you mean freshest silver?
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  First Mint is owned by First Majestic Silver, whose CEO Keith
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  Neumeyer has been one of the biggest proponents for silver
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  over the last decade. Plus he coined the phrase triple
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  digit silver. First Majestic Silver mines the
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  silver in Mexico. It goes to 1st Mint in Las
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  Vegas, NV here in the United States where they transform it
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  into these world class silver products and then it goes
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  straight to you from the mine to the meant to you, the freshest
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  silver in town and is an extra added bonus.
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  It's never touched by those people at the Comex or the LBMA
• 13:57
  or the Shanghai Gold Exchange for that matter.
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  It is, it is putting metal into people's hands directly out of
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  the ground. They got free shipping on orders
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• 14:24
  What do we go to now? Oh, oh, whoa, whoa, whoa, whoa,
• 14:27
  whoa. What if even the Silver
• 14:30
  Institute is talking to us about a silver shortage, a silver
• 14:36
  deficit? Doesn't silver deficit also mean
• 14:40
  silver shortage? This one comes from our good
• 14:43
  friend, although I've never met him.
• 14:45
  I just love this guy Niels Christensen, very nice person.
• 14:50
  He used to make videos and I love I, I think he's one of the
• 14:52
  best silver and gold riders out there.
• 14:55
  It says silver faces its 5th annual supply deficit as
• 15:00
  industrial demand slumps but investment surges.
• 15:04
  That is according to our friends at the Silver Institute.
• 15:07
  We just have a couple. Well, we got a lot of colorful
• 15:09
  things to read together in yellow.
• 15:12
  A slowing economy is taking its toll on silver's industrial
• 15:17
  consumption, with demand expected to fall by 4%.
• 15:20
  However, demand won't fall enough to reset the current
• 15:24
  imbalance in the marketplace. We've had but deficit, guys,
• 15:28
  right? You know it, I know it for five
• 15:30
  years. Last week, the Silver Institute
• 15:32
  reiterated its outlook that silver will see its 5th annual
• 15:36
  supply deficit of almost 100 million oz, fifth year in a row.
• 15:42
  Now, what's important to remember here?
• 15:44
  Don't worry, we'll get back to the red thing next.
• 15:46
  Guys, this is five years in a row that the world has been
• 15:50
  consuming more silver than the world can supply.
• 15:53
  Guess what? There's only so much silver in
• 15:56
  the world. That's what makes it it's
• 15:57
  finite. There's only so much silver,
• 15:59
  There's only so much silver that's been mined and above
• 16:03
  ground that the world can can borrow against, right?
• 16:07
  There's only, there's a limited amount of silver that can, that
• 16:10
  can satisfy these deficits period.
• 16:15
  And I don't care what the Silver Institute says, right?
• 16:18
  We got a deficit this year. But the demand for silver with
• 16:21
  everything going on, solid-state batteries, solar panels, I mean,
• 16:26
  all the data just points towards IAI artificial intelligence.
• 16:30
  And by the way, all right, to dispel any rumors, I'm not
• 16:34
  artificial intelligence. I'm a real person.
• 16:36
  This is not a green screen. This is my real basement here.
• 16:40
  This is really upstairs. Susie, my wife.
• 16:42
  OK, The demand for silver is not going anywhere.
• 16:45
  Back to the article. Let's go to the red part.
• 16:48
  And the red part says this. Philip Newman.
• 16:52
  Oh Newman, managing director at Metals Focus, the British
• 16:57
  research firm behind the annual silver survey.
• 17:00
  We know we can trust everything coming out of England said that
• 17:03
  inflows will oh, this is interesting.
• 17:06
  Inflows into exchange traded funds ETFs have increased by
• 17:11
  187,000,000 oz so far this year. So the investors coming back,
• 17:16
  this reflects investor concerns over stagflation.
• 17:20
  Oh my God, we got to talk about that too, guys.
• 17:23
  The Federal Reserve's independence, government debt
• 17:25
  sustainability, the US dollar's role as a safe haven and
• 17:29
  geopolitical risk. Basically, the world's going to
• 17:32
  crap in a handbasket and silver is your lifeboat.
• 17:35
  Let's talk about stagflation really quickly, because we
• 17:39
  aren't going to toot our own horns or anything.
• 17:40
  But where'd it go? Here it is, right?
• 17:45
  Remember, remember this box, do not open with your own POW on
• 17:49
  the inside. All they can do is print money
• 17:51
  at this point to save things, period.
• 17:53
  But stagflation is a situation where you have a recession,
• 17:57
  which, oh, do we have a slowing economy, right?
• 18:01
  But we also have inflation at the same time.
• 18:03
  So the economy is slowing, but prices are going up because the
• 18:07
  US dollar's real value is going in the toilet.
• 18:11
  That creates a situation like we had in the 1970s where they he's
• 18:14
  in a box. That's why he's in a box, right?
• 18:16
  He hates this. All they can do is print money,
• 18:19
  OK, Because but think about it, to fight the recession, they got
• 18:24
  a lower interest rates. When they lower interest rates,
• 18:27
  like they're kind of doing right now, what that creates is more
• 18:32
  inflationary pressure. So that makes the already high
• 18:35
  inflation go higher. And inflation is nothing more
• 18:39
  than the real value of the dollar going down.
• 18:41
  But then they run over there and they're like, oh, we got runaway
• 18:44
  inflation, runaway inflation, we need to raise interest rates.
• 18:47
  They do that. That makes the recession worse.
• 18:50
  He's in a box. OK, so despite all the BS, don't
• 18:55
  ever don't listen to what the central bankers say.
• 18:58
  Look at what they do. They're buying precious metals.
• 19:00
  We know they've been buying gold.
• 19:02
  We know they're starting and there's speculation that it may
• 19:05
  continue to buy more and more silver as well.
• 19:08
  We're in for a wild ride. We got a lot more to talk about,
• 19:11
  man. OK, On top of that, I got to, I
• 19:14
  got to say it because guys, this is one of the biggest reasons on
• 19:18
  top of everything we just talked about central banks buying
• 19:21
  silver, the Chinese hoarding silver, all these read the
• 19:24
  deficit. OK, The most exciting thing of
• 19:27
  all is that basically there's no new big supply of silver that's
• 19:32
  going to come. Remember, they're they're
• 19:33
  borrowing from the future every year because we have this
• 19:36
  deficit. But guess what?
• 19:38
  The amount of silver coming out of the ground by the mining
• 19:42
  sector has been going down since 2016.
• 19:46
  Oh, and as an extra added bonus, nobody's been exploring or
• 19:53
  developing new silver mines. I mean, ghost town, right?
• 19:57
  Very few companies. Dolly Barden Silver 47.
• 20:01
  The silver mountain resources, Copitan silver, but I mean,
• 20:04
  these are it's it's like a handful, just a tiny handful the
• 20:09
  size of the silver mining. Oh, shoot, I wish I had it, but
• 20:12
  you'll just have to believe me. There's a chart going around
• 20:15
  that shows the total size of like the silver mining industry
• 20:20
  compared to gold mining even, which is also very small, but
• 20:24
  just can compared to all mining and other.
• 20:26
  I mean it's minuscule. So what's going to happen is
• 20:30
  when this price corrects in these crazy movements like we're
• 20:32
  having today, it's OK. When the price goes to 70,
• 20:36
  eighty, $90.00 per oz, nobody's going to be able to still
• 20:40
  provide a significant amount more silver.
• 20:44
  It's just the reality of the situation.
• 20:46
  It's very encouraging. I do want to say thank you to my
• 20:49
  other channel sponsor, Left Hand First Mining Gold.
• 20:53
  We are going to talk about gold a little bit more here, but
• 20:56
  First Mining Gold just put out a big announcement yesterday.
• 20:59
  They redid their preliminary economic assessment on their
• 21:03
  spring pull project. Go check it out.
• 21:05
  Spring pulls a huge multi million ounce development stage
• 21:09
  project in Canada, in Ontario and guys, things are looking
• 21:14
  very, very good there. It will knock your socks off.
• 21:17
  When you look at these numbers with $4000 gold, $3600 gold,
• 21:23
  $4200 gold. It's very, very exciting what
• 21:26
  they're up to, but they also have the Duparquet project in a
• 21:30
  Quebec, it's another multi million ounce development stage
• 21:34
  project and they've got another project, Cameron in Ontario.
• 21:37
  I think it's about a million ounce.
• 21:39
  These are, this company has massive amounts of gold in the
• 21:43
  ground in Canada. And I'm telling you the big
• 21:45
  miners are going to get real interested in that is they try
• 21:48
  to replenish their pipelines and now grow as well.
• 21:53
  You can learn more about the company at firstmininggold.com.
• 21:58
  OK oh Speaking of massive gold deposits though, did you see
• 22:01
  this? This is very interesting.
• 22:05
  Do you think China cares about gold?
• 22:08
  Here we go I'm going to show you here's the first mining gold
• 22:12
  press release from yesterday with their pre feasibility study
• 22:16
  at the Spring Pole project. I'd recommend you read that, but
• 22:19
  let's go see what China did. China reports.
• 22:23
  OK, this is and then we got some news out of Thailand about gold
• 22:26
  in China. That's unbelievable.
• 22:29
  But this first China reports largest gold discovery in more
• 22:35
  than 7 decades. What are you kidding me China?
• 22:41
  Oh, they don't care about gold, do they?
• 22:43
  They just announced the discovery of the largest gold
• 22:45
  deposit found in the country since 1949 with an estimated,
• 22:52
  excuse me, 1400, 44 tons of reserves in Liang Ling Ling
• 22:59
  province. The find completed in just
• 23:02
  fifteen months, comes as gold prices hit record highs.
• 23:06
  This was from Euro news. And then it goes on to say how
• 23:10
  important gold is to China. Guys, realize this.
• 23:13
  Think about it. Here's another reason why we, we
• 23:16
  can, we know that things are going in the direction of
• 23:19
  precious metals. Central banks around the world
• 23:21
  now hold more gold than they do U.S.
• 23:24
  Treasuries. It things are developing
• 23:26
  closely. But you know, I mean, look,
• 23:28
  China found this giant gold, gold deposit.
• 23:31
  What I'm saying and what we're saying is they're going to need
• 23:34
  to find a silver deposit as well because this fantasy island
• 23:38
  paper silver situation, look at this stunning.
• 23:42
  This is data from Friday, but on Friday we had a big down one day
• 23:46
  in the market and the dude said this.
• 23:50
  The silver market traded again, basically as much silver, paper
• 23:57
  paper silver as the entire mining industry creates in one
• 24:01
  year. 779 million paper ounces to rig the price.
• 24:04
  Price down yesterday. OK, What will next week bring?
• 24:08
  Crypto crash? I don't know about that.
• 24:10
  Get your popcorn ready. It's unbelievable that on in one
• 24:15
  day. I want you to look at me and
• 24:17
  think about this. This is paper silver.
• 24:20
  OK, Paper fantasy island. Remember fantasy island?
• 24:24
  Deplane. Deplane, right?
• 24:26
  It was on during the 70s. Everything was fantasy.
• 24:28
  That's what the COMEX and the LBMA, that's what they trade in
• 24:32
  one day, paper fantasy silver in one day, the equivalent of what
• 24:37
  the entire mining sector produces in one year.
• 24:40
  And you're going to tell us they're trying to fool us and
• 24:44
  tell us that's the real price of silver?
• 24:46
  No, here to me, it's nothing more than a Ponzi.
• 24:52
  I mean, I was thinking about that.
• 24:53
  Do you do you agree with this right, that like when you think
• 24:56
  about the silver market, the paper silver market, don't you
• 25:00
  think that it's almost more like a Ponzi scheme at this point,
• 25:04
  right. I mean in Ponzi schemes can go
• 25:06
  on watch the Bernie Madoff documentary on Netflix.
• 25:10
  It's actually kind of fascinating.
• 25:11
  They can go on for for long periods of time.
• 25:15
  And to me, what they're doing at the Comex with these, it's like
• 25:18
  a Ponzi scheme. And eventually the world now is
• 25:21
  calling the bluff. We covered this already.
• 25:24
  OK. It's it's crazy to think about
• 25:27
  what we can be, what we can see. And then on top, and here's
• 25:31
  proof. One more example.
• 25:35
  We know it because there was a WikiLeaks document.
• 25:38
  Remember WikiLeaks, right, that that that got released where
• 25:43
  there was like the government communications when they were
• 25:46
  setting up the futures markets in the mid 1970s.
• 25:49
  And it explicitly said that we're going to build these
• 25:52
  future markets so that we can induce volatility into the
• 25:57
  precious metals markets. And and and I'm doing this from
• 26:01
  memory, but I'm sure I got it right.
• 26:04
  We can discourage western people from investing in precious
• 26:08
  metals. Well, guess what, some of us,
• 26:11
  and that includes you. And by the way, if you're here,
• 26:14
  thank you. All right, we got like 8-9
• 26:16
  hundred people live right now. Thanks for being down here.
• 26:19
  Don't forget, please subscribe and turn the bell on.
• 26:21
  Press the bell so you get notified.
• 26:23
  You figured it out. I figured it out.
• 26:26
  The world, China and India, they've already.
• 26:29
  But what about your neighbors? What do you think?
• 26:31
  Are you ready? It's almost time.
• 26:33
  It's almost that time. What do you think?
• 26:35
  Your neighbors when they find out, right?
• 26:38
  Because guys here in the United States, I'm telling you like
• 26:41
  maybe 2 out of 100 people get it, understand what money really
• 26:47
  is. The rest of the people, the 98%
• 26:50
  of the people, right? They're asleep.
• 26:52
  But when they go to the grocery store and a loaf of bread cost
• 26:56
  12 for a cheap loaf of bread, right?
• 26:59
  A processed loaf of bread, whatever, they're going to wake
• 27:01
  up, right? And you know what those people
• 27:03
  are? They're the sheeple.
• 27:06
  Wait a minute. And God, look, I'm not giving
• 27:13
  financial advice, but when those sheep will wake up, all right,
• 27:18
  Remember, there's not a huge amount of elasticity when it
• 27:24
  comes to the supply of physical silver.
• 27:27
  The coin shops will be wiped out.
• 27:29
  The online dealers will be wiped out.
• 27:31
  It can happen. Look, I don't have a crystal
• 27:33
  ball. Don't make any financial
• 27:34
  decisions based on what I say. I'm not a financial advisor.
• 27:37
  But think about this. This is crazy it.
• 27:40
  Now think about what happened in the 1970s when silver went from
• 27:44
  $1.50 to 50. Think about what happened from
• 27:46
  2001 to 2011. I want you to think about that.
• 27:50
  Silver went from under $5 to $50.
• 27:54
  Now think about how much things are different.
• 27:57
  Yeah, sure, geopolitically, silver being used in industry,
• 28:02
  all that great stuff. But think about technology.
• 28:05
  Back in the 70s, people read newspapers, right?
• 28:08
  People had to go wait in lines at coin shops.
• 28:11
  Today, information is spread infinitely quicker and people
• 28:16
  are going to are like a, I don't want to create panic, but a
• 28:20
  potential speculative panic could ensue like really quickly,
• 28:26
  right with the Internet and then think about this, people don't
• 28:29
  have to go wait in line at coin shops, but they can wipe out the
• 28:33
  online retailers. And we've seen this already
• 28:35
  happened. We've had a taste of this super
• 28:38
  quickly. Remember during C-19 I got lucky
• 28:41
  and bought some silver, the best purchase I ever made, I think
• 28:43
  when it was like 12 or 13 bucks an ounce on a Saturday during
• 28:47
  the C-19 breakout thing, right? But then silver was gone.
• 28:51
  Even the online dealers like you got to have a minimum $500
• 28:54
  order. It's going to take 8 weeks for
• 28:56
  it to get to you. So be prepared, OK?
• 28:59
  It could get super, super interesting.
• 29:02
  Thank you for being here everywhere we look, right What I
• 29:06
  see. And you, you need to listen to
• 29:09
  me and the other people. But wherever we look, we see big
• 29:13
  evidence that we could be in for a silver shortage, which could
• 29:17
  lead to what could be a very fruitful time for those of us
• 29:21
  who own physical gold and silver own the precious metals mining
• 29:26
  sex. Before I forget guys, before I
• 29:28
  forget, check this out if you haven't already.
• 29:31
  Hold on, I got something to show you.
• 29:33
  Show or tell. Actually, I've got 1 hanging
• 29:35
  right here. Hold on, I want to show you
• 29:37
  this. I'm going to put you to sleep.
• 29:39
  I'm going to hypnotize you. OK, here we go.
• 29:43
  Here we go. That's the swinging dirty man
• 29:49
  safe and I've got that's actually The Dirty man safe
• 29:53
  swinging in the background. This one here is called The
• 29:56
  Dirty Girl or they're smaller size.
• 29:59
  These are safes that you can buy and save and store and protect
• 30:05
  valuable items, precious metals, whatever you want to say.
• 30:09
  These get buried in the ground and you, you get to do.
• 30:12
  Think about this. What did the pirates do right
• 30:15
  when they wanted to sit, when they wanted to safeguard their
• 30:18
  treasure, they buried it in the ground.
• 30:21
  You can check out Dirty Man. You go to dirtymansafe.com.
• 30:25
  That's the discount code. Ron 10.
• 30:28
  I got all kinds of discount codes for you today, but these
• 30:30
  things are cool. They open up.
• 30:32
  When they sent me this, I was like super impressed.
• 30:35
  Like, these are cool. These are robust.
• 30:37
  This is not just a piece of plastic pipe.
• 30:39
  OK, in the store. What you want on the inside.
• 30:42
  I've got a Unicorn inside this one.
• 30:45
  It comes with a sleeve. You bury it in the ground.
• 30:49
  Everything about this is top notch.
• 30:51
  First class. Check them out again, it's dirty
• 30:54
  man safe.com, the discount code run 10.
• 30:59
  That'll get you a 10% discount. But most importantly, my fellow
• 31:03
  basement dwellers, right, take care of yourselves today.
• 31:07
  I know we got volatility. Don't worry about it.
• 31:09
  Think about, think about this one closing thought.
• 31:14
  Oh, look at that. It's still swaying.
• 31:15
  Well, you're gonna wake up from your being hypnotized by dirty
• 31:18
  man safe. Think about this.
• 31:20
  I don't know. It was like a week and a half
• 31:23
  ago. I was thinking, man, if we can,
• 31:25
  if we can consolidate with the silver price around $45.00,
• 31:29
  we'll be OK. Now we're looking at even
• 31:32
  consolidating, building a new base around $50.
• 31:36
  Even if we do go back to 45, trust me, I believe we're gonna
• 31:40
  be OK. Most importantly, OK, I
• 31:43
  appreciate you coming down here in the basement.
• 31:45
  Don't forget to subscribe, turn on notifications, leave a
• 31:48
  comment, be good to yourself. You deserve it.
• 31:50
  And I'll look forward to seeing you.
• 31:52
  Yes, you next time. Have a great day.
• 31:55
  Thank you.