Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 GOLD & SILVER Stackers! 🚨 THIS Will be MAJOR News... (All-time HIGH Precious Metals Prices)

Transcript

🚨 GOLD & SILVER Stackers! 🚨 THIS Will be MAJOR News... (All-time HIGH Precious Metals Prices) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Breaking news in the precious metals market.
• 0:03
  Breaking news that I think you'll be very interested to
• 0:06
  hear about regarding the gold price.
• 0:08
  I just learned it. Maybe you're one step ahead of
• 0:11
  me, and if you are, congratulations.
• 0:13
  But the gold price has hit new all time highs in a couple
• 0:18
  currencies that make this a very big deal.
• 0:21
  Also, we've got a massive warning, another warning from
• 0:25
  our friend Elon Musk and he puts out a chart that is just mind
• 0:30
  blowing to look at. We're going to look at that as
• 0:32
  well. But I wanted to hop on here.
• 0:34
  It's Saturday night. Say hello to all our fellow
• 0:36
  basement dwellers. I hope you're having a great
• 0:39
  weekend. But when I learned just a few
• 0:41
  minutes ago that the gold price on Friday had actually gone to
• 0:46
  new all time highs, yes, if you're joining us from Europe
• 0:51
  and you buy gold with EUR, congratulations, the gold price
• 0:55
  has never been higher. If you're from London, England,
• 0:59
  where the LBMA, right, the London million market
• 1:02
  associations headquartered, congratulations, you've got new
• 1:06
  all time highs in the gold price.
• 1:10
  Why is that a big deal? What are the reasons why we want
• 1:13
  to pay attention to that? Because guys, we know that the
• 1:17
  dollar right now, the dollar is at all time, not all time highs,
• 1:22
  but historic, very high levels, one O 7, whatever the DXY index,
• 1:28
  when that starts to come back, when that normalizes, if it even
• 1:32
  gets below 100, which it will, that will be rocket fuel.
• 1:36
  Remember, this is how it worked. This is how it worked last year,
• 1:41
  right? Gold hit new all time highs in
• 1:44
  euros. Gold hit new all time highs in
• 1:46
  Canadian dollars, Australian dollars.
• 1:49
  Thank you for all of our friends from Australia that are joining
• 1:52
  us today. And the next thing that happened
• 1:56
  was new all time highs in gold in the United States.
• 2:00
  It's just a matter of time. I know this little pull back we
• 2:04
  had on top of that, on top of that, guys, right?
• 2:08
  And the reason why we're talking about gold, Look, I'm more of a
• 2:11
  silver guy myself. I love gold and I got a lot of
• 2:14
  gold mining stocks. So I've got a keen interest.
• 2:17
  I eat my own cooking. I don't come down here and talk
• 2:20
  about this stuff. Trust me.
• 2:22
  Trust me. I don't know about you, but I
• 2:24
  got a lot of my money on the line when it comes to precious
• 2:27
  metals and precious metal mining stocks.
• 2:29
  So when we talk about gold, we're also talking about silver.
• 2:34
  But the other big thing for us to remember is I know it feels
• 2:39
  like we've been beaten right? And silver's, silver's, silver's
• 2:42
  hanging in there right now. Silver's going to make a move.
• 2:45
  Don't you worry. I'll still stick by what I
• 2:48
  opened my big trap and said about four weeks ago that I
• 2:52
  believe we will get $44.00 silver by Christmas.
• 2:58
  Ho ho, ho, Santa Claus coming to town with $44.00 silver.
• 3:03
  I know it's a long shot, but I'm not going to take back my
• 3:06
  prediction. I said it and I said that if I
• 3:09
  was wrong, well, you guys can come up with some type of
• 3:12
  torturous thing that I need to do on a live stream and I'll be
• 3:15
  glad to do it. But it's going to happen.
• 3:17
  So let's go take a look at these charts because it's very
• 3:20
  interesting. I've got proof.
• 3:22
  You want proof, huh? You don't believe me?
• 3:25
  Come on, man, it's Saturday night, basement dwellers.
• 3:28
  Let's have some fun. Let's talk about all time highs
• 3:31
  in gold because you know, silver always follows gold.
• 3:34
  And right now that gold to silver ratio is stretched,
• 3:38
  stretched, stretched, stretched. Look, I don't think you guys
• 3:43
  appreciate this enough. This is gold.
• 3:46
  This is the gold price, OK? Which is at all time highs in
• 3:49
  euros and pounds. This is the silver price, OK,
• 3:54
  which is 31, the gold and this is the gold.
• 3:57
  This rubber band, that's a rubber band, big rubber band,
• 4:02
  specially I bought, it's not actually a rubber band.
• 4:04
  This is the gold to silver ratio.
• 4:06
  The gold to silver ratio is stretched so much.
• 4:10
  There's so much tension in this that when it comes back, that's
• 4:16
  right, as gold continues higher in the gold to silver ratio, it
• 4:20
  will be a slingshot move by anything.
• 4:24
  OK, you wanted proof you didn't believe me.
• 4:26
  Well, now I'm going to prove it to you guys.
• 4:29
  Let's go out here to trading view.
• 4:31
  This is gold XAU priced in euros, 2607 euros.
• 4:39
  I want you to notice something over here.
• 4:42
  Let's get out the crayons for one second.
• 4:45
  Let me move this out of the way, OK?
• 4:49
  We have all time high right here.
• 4:53
  See that? That's an all time high.
• 4:56
  OK, look, this is a 5 year chart.
• 5:02
  Hold on here, hold on. That's a five year chart.
• 5:05
  Let's go out to an all time chart.
• 5:07
  Hopefully this works. Yeah, I mean, look, guys, this
• 5:10
  is gold in euros, you know? OK, Now let's just let's just.
• 5:15
  Well, I don't really need to do this for you, but we will, since
• 5:18
  we're all together here on a Saturday night.
• 5:22
  Yeah, OK. That's where we are.
• 5:25
  That's where the price is. As you can clearly see, it's
• 5:29
  never been this high. But wait, there's more.
• 5:33
  Let's go take a look at the silver price in GBP, which
• 5:38
  stands for the Great British Pound, and you can see the same
• 5:41
  thing. Look over here where my arrow
• 5:43
  is, right? The gold price dropped a little
• 5:46
  bit right around here after the election and look where it is
• 5:50
  now. Again, I could draw the red
• 5:52
  line, but we don't need to do that, right guy?
• 5:55
  It's a big deal that we're getting all time highs in these
• 5:59
  currencies for the gold price. Buckle up.
• 6:02
  No, it feels and I agree with you, right.
• 6:05
  It's been a rough couple 2-3 weeks.
• 6:08
  We got to remember we're only 4% away in U.S. dollars from an all
• 6:15
  time high in gold. Silver has not believed it yet
• 6:19
  right? Silver's hanging in there.
• 6:20
  We're not complaining, $31.00 silver, not a big, not a bad
• 6:24
  deal. Let's get a let's go out to
• 6:25
  channel sponsor pin backs and get a an accurate read on the
• 6:29
  silver price, $31 and $0.39 is what they're quoting.
• 6:35
  Silver at gold $2717.00 right? 4% away from an all time high
• 6:43
  silver. We're not going to complain, but
• 6:44
  silver does have some catching up to do.
• 6:47
  What's the here? Let's calculate this real
• 6:50
  quickly. I'm going to do some
• 6:52
  calculations for you. We will divide 2717.
• 6:56
  We're going to get the gold to silver ratio.
• 6:59
  So if you divide the gold price, 2718 actually is more accurate.
• 7:04
  Divided by 31. Oops, $31.39.
• 7:10
  Here you go. Hold on.
• 7:13
  Here you go guys. That's our gold to silver ratio
• 7:16
  right now, 87 we're going to round up 87.
• 7:25
  Are you kidding me? Who in their right mind, and I
• 7:27
  know some look, don't take offense if you've done this, but
• 7:30
  to me, who in their right mind is going to take 87 of these
• 7:38
  beauties, right? That came from Big 10, the
• 7:41
  silvershire. Who's going to take 87 ounces of
• 7:44
  this? Hello, Frank.
• 7:45
  Oh, thank you. Wow.
• 7:47
  Made his first order from PMBEX. Let me know how it goes, Frank.
• 7:51
  OK, everybody, I've got an overwhelming positive response
• 7:55
  from PMBEX. Who's going to buy?
• 7:57
  Who's going to trade 87? I would not in my wildest dreams
• 8:01
  even think about trading there. It is 87 of these right for one
• 8:07
  ounce of gold. But people are doing it no
• 8:09
  problem. Frank, thank you for the Super
• 8:10
  chat. Thanks for giving channel
• 8:13
  sponsor Pembex a chance. Like I've said before here, I'm
• 8:17
  going to show you guys quickly. This is called a website Pi MB
• 8:24
  EX pembex.com. I think Frank will find, what I
• 8:29
  found in most of our basement dweller communities found is
• 8:32
  that they've got great selection, great service, OK,
• 8:37
  prices that are ultra competitive, especially when you
• 8:41
  compare them to the big name brand online bullion dealers,
• 8:45
  right? And it's a company you can
• 8:46
  trust. Thank you, Pembacs for
• 8:48
  sponsoring Ron's basement. Thanks Frank for letting me know
• 8:51
  you made an order from them. They're good guys and I'll be
• 8:54
  curious to hear more feedback from you.
• 8:56
  So that's the deal. Let's talk about what?
• 8:59
  Let's talk about what Elon Musk is saying.
• 9:03
  He put out another warning here, and here's what he said, this
• 9:07
  time in a very fascinating chart that he put up with it.
• 9:11
  Oh, wait, I almost forgot. Here.
• 9:14
  Let's talk about this a little bit longer.
• 9:15
  Gold hits new highs in euro. This came from FX Street, right?
• 9:20
  Yes. OK.
• 9:21
  Gold returned to growth after nearly three weeks of decline,
• 9:25
  reversing last week's drop. This is good for silver.
• 9:28
  To my friends, the desire for safe haven for global capital is
• 9:32
  so strong that it far outweighs the effect of a stronger dollar.
• 9:36
  Yeah, we have got. I got news for you.
• 9:39
  This is good news, OK, And the reason why it's because when the
• 9:44
  dollar goes down, the price of gold and silver always go up.
• 9:49
  It's a supportive factor in the dollar just can't go much higher
• 9:55
  without wreaking major havoc within the system.
• 9:59
  And the feds lost control, right?
• 10:02
  the Fed cut rates that should have made that that that that
• 10:04
  should have made the dollar dump, but it didn't.
• 10:07
  The dollar went from 100 the DXY to one O 7 almost one O one O 8.
• 10:12
  All right, so the good news here guys is that that there there's
• 10:17
  very little room for the dollar to go higher.
• 10:19
  It could it could go to 1:15 no doubt, right.
• 10:22
  I think it's that's been like the highest it's been, but but
• 10:26
  there's much, much, much less resistance on the downside as
• 10:30
  well. OK, OK, the growing tension
• 10:33
  around the Russia Ukraine thing blah blah blah since the
• 10:35
  beginning of the week. Gold gained 5% last week.
• 10:39
  Wow, absolutely crazy. Technically the price found
• 10:42
  buyers again shortly after falling below the 50 day moving
• 10:46
  average. Blah blah blah.
• 10:48
  Where's the part about you, the euro?
• 10:50
  OK, the quick reversal from down to up makes the scenario
• 10:55
  workable. The decline in early November is
• 10:57
  a technical correction from October's 2023's rally, which
• 11:02
  ended with a decline to 76% of the total gain.
• 11:06
  They're talking about technical stuff.
• 11:07
  Such shallow corrections are characteristic of strong
• 11:11
  markets, right? We got to, we got to, we look,
• 11:16
  look, we can't panic when the price of gold goes down by 7
• 11:20
  percent, 8%, when the price of silver drops by 1516%.
• 11:25
  The reason why is what he's saying here.
• 11:28
  It's a normal part of a strong market.
• 11:30
  There will be corrections. Look at a long term chart of
• 11:34
  gold or silver from 2001 through 2011.
• 11:38
  There were like 15 corrections during that period.
• 11:43
  The weakness in the single currency caused by both
• 11:45
  geopolitics and the sharp cooling in the political crisis
• 11:49
  in Germany is also serious reason to move into gold.
• 11:53
  There's also a riots going on in Montreal right now guys.
• 11:57
  I mean there's big stuff going on in this world, OK.
• 12:00
  The chart of the gold price in euro paints an even more
• 12:02
  technically beautiful picture. On Friday, gold surpassed €2600
• 12:08
  per oz mark, hitting an all time high.
• 12:11
  Adding every day this week. The turning point that attracted
• 12:15
  buyers was the touching of the 50 day moving average.
• 12:18
  These guys get into all this technical stuff.
• 12:20
  So the euro, is it an all time high gold and euros is at an all
• 12:26
  time high. Gold in euros is a big deal,
• 12:30
  $2600 is a big deal. These round 100 numbers with
• 12:36
  one, you know, 2600 EUR, 2700 EUR, 2700 U.S. dollars and we're
• 12:41
  above 2700 U.S. dollars in U.S. dollars.
• 12:44
  Let's go to Elon Musk. Thank you guys.
• 12:46
  I forgot the most important part.
• 12:48
  It's Saturday night. I appreciate you.
• 12:51
  Yeah, your times. Valuable, right?
• 12:53
  You're the most important part of this.
• 12:55
  It's not Ron Tube. It's YouTube.
• 12:57
  So think of your name. Know you're special.
• 13:00
  Know that we appreciate you being here.
• 13:02
  If you want to get new content on gold and silver, I tend to
• 13:06
  put something out every day. You can subscribe to the
• 13:09
  channel. It's free, right?
• 13:11
  Never charge. It's all free.
• 13:13
  OK, Yep, I have some sponsors. Yes, I'll talk about them, but
• 13:17
  the content is free, no charge. And we want you to be here.
• 13:21
  We want you to feel like you're part of the tribe.
• 13:23
  So why don't you go ahead and subscribe?
• 13:24
  And while I'm at it and I'm on rhyming, I want to.
• 13:28
  Well, I was going to talk about my Bitcoin bubble gum dispenser,
• 13:33
  but I'll save that for later. Let's go talk about Elon Musk.
• 13:36
  This is crazy. This chart I thought really
• 13:39
  summed up everything, but Elon said this earlier today.
• 13:43
  America is currently headed for bankruptcy super fast and he was
• 13:50
  retweeting this from the Department of Government
• 13:53
  efficiency, the Doge, which is that new department that he and
• 13:58
  Vivak Ramaswami are heading up. Look at this guy's look.
• 14:02
  We can look and we will, don't you worry.
• 14:04
  We'll go out and look at the US debt clock just to make sure
• 14:06
  that that the United States is still adding massive amounts of
• 14:09
  debt to its balance sheet. But this is a real clear, let me
• 14:13
  get the crayons out quickly, real clear indication of just
• 14:18
  how bad we are in if you look up here, OK, total revenue.
• 14:24
  Here's the US governments total spending.
• 14:27
  Okay, so the blue is the revenue, 4.5 trillion income
• 14:32
  taxes, payroll taxes, corporate income taxes and then some small
• 14:36
  stuff down here. This is how much the government
• 14:39
  is spending. So they're bringing in 4.5
• 14:42
  trillion and they're spending 6.2 trillion.
• 14:47
  Social Security is a big one. Defense and veterans, Medicare
• 14:50
  assisted, excuse me, assistance to individuals, net interest on
• 14:55
  debt transfers to states, other spending.
• 14:59
  So all that pink is spending this part of blue is what they
• 15:04
  have coming in this stripe it part down here striped.
• 15:08
  Susie hates when I say stripe it.
• 15:10
  I say stripe it, I say sliding board and when you're at a
• 15:13
  playground it's called slide. Anyway, she doesn't likes the
• 15:16
  way I say something so I have to be careful.
• 15:18
  The striped area down here is the deficit.
• 15:21
  We are in trouble guys. There is no other way about it.
• 15:24
  Peter Shit or Shift Gold put out a piece talking about
• 15:29
  speculation of the utter collapse of the US dollar.
• 15:33
  We're going to talk about that next, but let's run out here and
• 15:38
  there you are. I can see you guys.
• 15:40
  Hey, where am I? I'm down in the corner.
• 15:43
  Hi, OK, let's just do our quick check on the US debt clock.
• 15:48
  Unbelievable. So there we go and these numbers
• 15:50
  jive right, U.S. Federal tax revenue 5 trillion
• 15:54
  somewhere on here spending here it is over here U.S.
• 15:57
  Federal spending 7 trillion that creates the deficit.
• 16:01
  The deficit all right gets added into the national debt, which is
• 16:06
  now 36 trillion in that with higher interest rates because
• 16:10
  nobody wants to buy the the United States debt because
• 16:12
  people are dumb. Now they're using crypto somehow
• 16:15
  as a backdoor Manor to subsidize the US debt.
• 16:19
  Anyway I'll digress. That's not something that I'm or
• 16:22
  there's speculation that they're tether.
• 16:24
  This thing tether, which is part of the crypto world is being
• 16:27
  used to subsidize the US debt. Anyway, irregardless, 36
• 16:33
  trillion in debt creates this little oh, looky got whoa,
• 16:37
  breaking news. Hold on a second.
• 16:42
  Oh my gosh. Oh, by golly, this is breaking
• 16:45
  news. We've been waiting for this
• 16:47
  basement dwellers. It finally happened.
• 16:49
  Congratulations, America. Congratulations, America is now
• 16:54
  we're going to go back. I'm going to show you I had no
• 16:58
  idea this had happened. I knew there was a reason we
• 17:00
  were doing this live stream. Interest on the national debt is
• 17:03
  now officially, maybe we're the first people to break this news
• 17:08
  story. Guys, you're, we're making
• 17:10
  history right now. Interest on the national debt is
• 17:13
  now officially $1 trillion. That's the first time in the
• 17:18
  history of our getting together here on Ron's basement that
• 17:22
  we've seen $1 trillion in national debt interest, I'm
• 17:27
  sorry, on the national debt because nobody wants to buy the
• 17:29
  debt. Nobody wants it.
• 17:31
  So interest rates keep going up. That's why you see this.
• 17:35
  OK, hold on here. They changed Yahoo Finance on me
• 17:39
  just when I was used to it. Hold on, hold on.
• 17:43
  That's why, hold on. That's not it.
• 17:46
  That's not it. That's it. 10 year bond.
• 17:51
  Come on, baby. All right, here we go.
• 17:54
  This is the 10 year bond in this is the interest rate on a 10
• 18:00
  year bond and we'll just look at one year, right?
• 18:04
  Come on, you can do it Volume not available.
• 18:09
  Hold on here. Here's the date one year.
• 18:15
  Well, this is not cooperating and making me angry and a little
• 18:19
  embarrassed. Why is this not working one
• 18:22
  year, Hold on, see if I make it bigger if that helps come on
• 18:27
  Yahoo Finance. I was such a big fan.
• 18:29
  I don't know what they did. They changed it.
• 18:33
  OK, Whoa, whoa, whoa, whoa, whoa.
• 18:36
  They must be hearing me here. So that's all we don't want.
• 18:40
  All we want. Let's do 2 years.
• 18:43
  OK? So look, guys, lucky.
• 18:45
  Look, see right here, right? the Fed lowered rates and
• 18:49
  interest rates skyrocketed, skyrocketed.
• 18:52
  No other way about the the dollars gone up.
• 18:55
  So this is just not working. It's not tenable, OK?
• 18:58
  And the rates will continue to go up until the Fed starts to
• 19:01
  print money on their own to buy the debt, which is called
• 19:06
  monetization of the debt, which will be even more rocket fuel.
• 19:10
  We got enough to be excited about silver and gold market.
• 19:14
  And since we're here, we'll quickly look.
• 19:16
  We won't do an update. Yeah, the dollar to silver
• 19:18
  ratio. There's now 1000 Paper US into
• 19:22
  money supply. Fiat Unicorn fart does dollars
• 19:26
  being created for each one ounce of silver.
• 19:28
  I got the funniest story to share with you guys a little bit
• 19:32
  later, a news story that is very funny, very cute.
• 19:35
  It's Saturday night, we're going to have some fun, but we're not
• 19:38
  done talking about the the collapse of the US dollar 'cause
• 19:41
  that's what's coming next. This makes sense.
• 19:45
  This kind of hit home with me. I'll be curious if this this
• 19:48
  story hits home with you. This came from shift Gold on
• 19:54
  Zero Hedge. Where's the headline?
• 19:56
  There's the headline. With or without tariffs, the US
• 20:00
  dollar is a Ponzi. And you know what a Ponzi scheme
• 20:04
  is? It's when somebody has a a
• 20:06
  business and and you give them money, it's a scam, right?
• 20:10
  Like you give you give the guy $10,000 and then he uses that to
• 20:15
  pay off other investors and keep some of it for himself.
• 20:18
  And then when you want your money back, he has to find some
• 20:20
  other sucker to get money from. He takes it from them and gives
• 20:24
  you part of that keep some for his wrath.
• 20:26
  Well, Bernie Madoff ran a Ponzi scheme, right?
• 20:29
  That's probably the most famous one.
• 20:30
  But there was a guy named Ponzi, actually, I think an Italian man
• 20:34
  who invented the Ponzi scheme and got it, got himself into a
• 20:37
  little bit of trouble with soaring deficit, soaring debt
• 20:40
  and interest payments that can only be made by issuing debt
• 20:43
  based currency, right? That's what he's saying.
• 20:47
  That's what we just looked at on the debt clock.
• 20:49
  The only way we can pay the interest, the only way we can
• 20:52
  pay since we have, is by issuing more debt.
• 20:55
  I mean, it's insane. It's like if you get yourself
• 20:58
  into too much debt as an individual and then you're using
• 21:02
  credit cards to pay off your home, your house payment or
• 21:06
  something, right? Like it doesn't make sense.
• 21:09
  Even more interest will be due. the US dollar can only possibly
• 21:12
  be described as an elaborate nation state level bankster
• 21:17
  Ponzi scheme. Dollars are backed by debt which
• 21:21
  requires infinite economic growth to service.
• 21:24
  Now this is what Shift Gold is saying.
• 21:26
  I say it's speculation. Let's read a little bit more.
• 21:34
  Without constant inflation to erode the debt's value,
• 21:37
  transferring wealth from savers to the government bankers, it
• 21:40
  all falls apart. New borrowers are needed to
• 21:43
  sustain current spending. It all falls apart without the
• 21:47
  Petro dollar, where the US dollar is no longer the world
• 21:51
  reserve currency in other countries, no longer are forced
• 21:53
  to at gunpoint to use dollars, it all falls apart.
• 21:58
  And that's a big deal that the petrodollar system is, let's
• 22:03
  just say, compromised at this point.
• 22:05
  Right now. This is the part that I that
• 22:08
  that really opened my eyes, this red part I have highlighted in
• 22:11
  red. Just as a Ponzi scheme collapses
• 22:14
  when enough investors lose confidence in it, right?
• 22:18
  When enough people went to Bernie Madoff and said it worked
• 22:22
  great for decades, right? The the Madoff brand, the
• 22:25
  world's most elaborate Ponzi scheme for decades.
• 22:29
  But then when it got to so big and it got to a point where
• 22:32
  enough people said they want their money back, Bernie didn't
• 22:37
  have it. And that's when the whole thing
• 22:40
  imploded and everything was great.
• 22:42
  Everything was wonderful, right? Just up to the point where
• 22:46
  Madoff's company blew up, right? The Ponzi scheme was was it was
• 22:50
  exposed. This is what Shift Gold is
• 22:53
  saying in this article, I'll say, and to me it makes some
• 22:58
  sense. I'll leave it at that because
• 23:01
  there's OK. Just as a Ponzi scheme collapses
• 23:03
  when enough investors lose confidence in it because there's
• 23:07
  no underlying value and not enough new suckers to pay back
• 23:12
  previous waves of investors, the US dollar collapses under the
• 23:16
  same scenario. Then he says until we we revert
• 23:19
  back to dollars that are pegged to something of real value, like
• 23:22
  gold, the scam will continue. I mean, look, I, I, I don't like
• 23:28
  it. I'm not a fan of it.
• 23:29
  I got it written right here and it makes me really sad right,
• 23:33
  but I have to keep reminding myself the country that I love
• 23:38
  right where is well, they thank you for tuna mining for
• 23:41
  sponsoring Ron's basement and thank you first mining gold for
• 23:45
  sponsoring. I did those backwards first
• 23:47
  mining gold. You can learn more about them at
• 23:50
  their respective websites. They're both stocks that I own.
• 23:52
  I'm not giving financial advice but I own the stocks and you can
• 23:59
  learn about them. Like I said, the links are to
• 24:01
  the respective companies are in the description of this here
• 24:05
  video and of course our friends at Pembex.
• 24:09
  Now this is what gets me sad. OK, the United States has become
• 24:16
  a Fiat, right? Paper.
• 24:19
  Paper money. Here it is.
• 24:21
  Super dollar. Paper dollar.
• 24:23
  Yeah. Paper Fiat Right now, almost
• 24:27
  electronic. Everything's going electronic.
• 24:30
  What was the 10? My doctor's office sent me a
• 24:33
  letter saying up we aren't going to take cash anymore.
• 24:35
  Six Flags, no cash. Major League Baseball, no cash.
• 24:39
  It's all becoming they don't even have to print the stuff
• 24:41
  anymore. They just do it in computers.
• 24:44
  It's all electronic. It's all make believe, right?
• 24:47
  Debt based. So we got this paper money, not
• 24:50
  based off anything and debt, Matt almost sit knocked over my
• 24:56
  Mountain Dew, massive amounts of debt.
• 24:59
  And now, now let's go ahead and throw crypto in there.
• 25:03
  And I'm sorry, I'm not anti crypto, but it's all kind of
• 25:07
  make believe as well, right? It's all man made.
• 25:10
  It's all synthetic. You can you I'm not anti crypto,
• 25:14
  but you can't tell me the crypto was created by God like gold and
• 25:18
  silver were gold and silver. It lasted thousands and
• 25:22
  thousands of years. This was created by man, OK, The
• 25:28
  debt is created by man. And if I could hold the Bitcoin
• 25:32
  and show it to you, or a doji coin or a whatever coin, right?
• 25:37
  It was created by man. It's all synthetic.
• 25:39
  And I was thinking about this the other day.
• 25:41
  Anything synthetic, any money, any synthetic money throughout
• 25:45
  all of history, right? Anything synthetic man made has
• 25:50
  failed. Sorry, you know, don't be mad at
• 25:53
  me. I'm not I'm not.
• 25:55
  I love the crypto world, know how they feel about the banking
• 25:59
  system and everything else. We're brothers, right?
• 26:01
  But I point out a fact as I see it, my facts, and that is that
• 26:06
  crypto is man made and not, not from not not, not does not have
• 26:13
  the history or the physical nature of gold and silver.
• 26:19
  Great for you. I'm not putting anybody down,
• 26:21
  right? There's a lot of smart people, a
• 26:22
  lot of people that own gold and silver also on crypto.
• 26:26
  That's awesome. Good for you.
• 26:28
  I'm happy for you. OK, what I'm going to share with
• 26:32
  you that I also want to share with you guys.
• 26:35
  A quick couple of pictures. Stay with me here.
• 26:39
  I thought, hey, look at this. If silver goes to $100, then
• 26:42
  wouldn't a loaf of bread cost $20 or more?
• 26:46
  Thank you for the Super chat there, my friend.
• 26:48
  Extra Mile and I got another one as well.
• 26:51
  Almost hit the wrong button. Frank, Frankie.
• 26:55
  Mr. Frank, thank you again for the Super chat and the and the
• 27:01
  order that you made from pen bags.
• 27:02
  OK, where? Woah, what's going on here?
• 27:05
  Hold on, guys. There we are.
• 27:07
  Now we're back. OK, Extra mile.
• 27:10
  I know what you're saying, right?
• 27:11
  Silver goes to $100.00 with a loaf of bread.
• 27:15
  I will say this, if silver goes to $100, a loaf of bread very
• 27:22
  likely will be more expensive than it is right now.
• 27:25
  I don't think that there will be hot.
• 27:27
  You have you what? What what the concept that's
• 27:31
  important to understand about this move big movement that
• 27:37
  could happen. No guarantee in the price of
• 27:39
  silver is what we want to look at is the real value of silver
• 27:44
  the real value. OK.
• 27:47
  For instance, OK, if, if right now, this ounce of silver would
• 27:53
  probably buy me, let's say, 10 oz.
• 27:56
  I'm sorry, 10 loaves of bread, right?
• 27:59
  OK, if, if this goes as measured in Fiat dollars to $100 in
• 28:06
  theory, then the loaf of bread, if it was going to be if, if
• 28:10
  bread and silver were going to go up in price, measured in Fiat
• 28:14
  paper dollars at the same rate. Since this at $30 buys me 10
• 28:20
  loaves of bread today at $100, it should buy me 10 loaves.
• 28:24
  Bread should would be about $10 per oz.
• 28:28
  I don't think that's going to happen.
• 28:30
  I think because of a number of factors including price
• 28:33
  suppression of this, that it's already undervalued right now.
• 28:38
  I think that if we get to let's say $100 silver that it might
• 28:43
  buy instead of 10 loaves of bread like it does now, it might
• 28:47
  buy like 15 or maybe even 20 loaves of bread.
• 28:52
  So yeah, the bread would still in, measured in dollars go up in
• 28:55
  price, but the amount of other real things that you could buy
• 29:00
  with this I, I, I believe in that would be an increase in the
• 29:03
  real value of silver. I hope that makes sense.
• 29:09
  And that's when you hear people talking, and that's what I've
• 29:11
  said all along, Like I've never sold an ounce of silver or gold.
• 29:15
  I don't have any gold, physical gold, but I've never sold an
• 29:20
  ounce of silver in my entire life, right.
• 29:22
  If there's a window where the real value of silver, whether
• 29:27
  you're going to measure this against loaves of bread or
• 29:30
  gallons of gasoline or how many ounces it takes to buy a house,
• 29:37
  right, like right now, what would it caught with it?
• 29:40
  Let's say a house that cost $300,000, That would be what
• 29:46
  about 10,000 oz? Yeah, about 10,000 ounces of
• 29:50
  silver. If it got, if the market adjust
• 29:52
  and it gets to a point where you could buy that same house for
• 29:57
  2000 ounces of silver, well then it might be time to convert some
• 30:00
  silver into real estate. There are some people out here
• 30:03
  there who say and like to point to this example during the
• 30:06
  German Weimar situation where people were buying houses for
• 30:10
  like 100 ounces of silver or 200 ounces of silver.
• 30:14
  I don't think that's really ever going to happen.
• 30:17
  But again, it's the real value, right?
• 30:19
  Like, this could go OK at some point, some point in the future.
• 30:25
  Like it or not, the US dollar probably will be completely
• 30:28
  worthless. Probably not during my lifetime,
• 30:31
  but you know, at that point this is worth it's like like
• 30:35
  Zimbabwe, right? 15 quadrillion dollars.
• 30:38
  It would really matters is what you can get with this with that
• 30:42
  ounce of silver and compared to like everyday necessary items.
• 30:47
  So I wanted to show you guys some quick pictures.
• 30:49
  I it's I had a twin 12 year old daughters.
• 30:52
  This company sent me these free tickets.
• 30:54
  I told him I would show a couple pictures.
• 30:56
  It's called the Museum of Illusions and they've got them
• 31:00
  all over the country from what I understand.
• 31:02
  I said, yeah, sure, I'll go down and I'll show a couple pictures.
• 31:05
  So there's me. I think I had the same shirt on
• 31:07
  that I'm wearing right now, I and there is my daughter Lillian
• 31:12
  or Evelyn. They're identical twins.
• 31:14
  I can't tell them apart. Anyway, it's this place with all
• 31:17
  these cool illusions and I got to, oh, there we are afterwards.
• 31:21
  It's in a place in Saint Louis called the Foundry.
• 31:24
  But that's not what I needed to show you, was the picture.
• 31:26
  The place is right there on the right hand side.
• 31:30
  I want to show you a few more pictures.
• 31:31
  It was really cool. It's all these funny illusions.
• 31:35
  There we go. That's my daughter Evelyn.
• 31:38
  I can say for sure it's all these different, different
• 31:42
  illusion things and it was very, very cool.
• 31:45
  And here's what I'll tell you anybody, if you have any kids or
• 31:48
  grandkids that are like, middle school age, it becomes very
• 31:52
  difficult to find things to do. And my kids really love it.
• 31:55
  So thank you. Now, do you want to hear a
• 31:57
  heartwarming story? Are we done?
• 31:59
  Did I have any more doom and gloom?
• 32:01
  It's Saturday night. This is funny.
• 32:04
  This is funny. OK.
• 32:06
  Yeah. OK.
• 32:08
  This one's funny. We're going to go out to.
• 32:12
  Is it The Associated Press actually gets the UPI?
• 32:17
  Wait till you hear what this kid said.
• 32:19
  OK, this is upi.com, a Wisconsin.
• 32:23
  Got to highlight this Wisconsin 10 year old calls 911 for help
• 32:28
  with his math homework. But I'm thinking he might be
• 32:32
  related to our current president.
• 32:33
  I'm not sure. Anyway, let me go down here.
• 32:38
  It says the Wisconsin Wisconsin Sheriff deputy came to the
• 32:41
  rescue of a 10 year old boy who called 911 to ask for help with
• 32:46
  his math homework. You got to love this kid.
• 32:49
  The Shawano County Sheriff's Office said on social media that
• 32:53
  a dispatcher answer to 911 call from a 10 year old boy who
• 32:58
  called to say he needed needed help with his math homework.
• 33:01
  This is the funny part. I thought this was hilarious
• 33:05
  quote. He stated his family wasn't very
• 33:08
  good at math either and he needed help.
• 33:13
  And I was thinking, I'm, I'm not going to make any bad jokes
• 33:16
  about our current president, but anyway, his family wasn't very
• 33:19
  good at math either. And you know, so.
• 33:22
  Sheriff George Lindser said said dispatcher Kim Kraus explained
• 33:26
  to the young caller that 911 was not the appropriate number to
• 33:29
  call for homework help, but she also offered her assistance.
• 33:33
  She had some time. So she said can I help you with
• 33:36
  the problem? And well, he gave this long
• 33:37
  problem with decimals and she was unable to help him.
• 33:40
  So she informed him, well, let me see if I got a deputy near
• 33:45
  your residence. This is really like a funny,
• 33:48
  cute, heartwarming story. So that Deputy Sheriff Chase
• 33:51
  Mason was in the area and agreed to take a look at the math
• 33:54
  problem. Personally, I'm also not overly
• 33:57
  proficient when it comes to math.
• 33:58
  But nonetheless, I responded to assist.
• 34:01
  You had to write a report anyway.
• 34:05
  Mason who has a stepson the same age as the caller, sat down with
• 34:09
  the child was able to solve the problem.
• 34:11
  Our young caller was provided a business card, was told we are
• 34:14
  always here to help, except next time he should probably use the
• 34:18
  non-emergency line. Oh boy, I thought that was
• 34:22
  funny. Anyway, we got to have a little
• 34:24
  fun on Saturday night, right guys?
• 34:26
  OK, thanks for being here. I'll be back on tomorrow.
• 34:30
  I've got a more traditional show that we'll go through.
• 34:32
  But look, the dollars in trouble shift points it out.
• 34:36
  We know it, we know it. OK?
• 34:38
  There's no doubt about it, The debt situation in this country,
• 34:43
  there's no way out mathematically without devaluing
• 34:47
  the dollar. And in real terms, the dollar
• 34:49
  will go up in value. OK, you talk about $100 silver
• 34:55
  and $20 bread. I think we'll have $100 silver
• 34:58
  and maybe $8 bread or $6 bread. OK.
• 35:03
  Your silver in real terms is going to become much more
• 35:06
  valuable. I feel the same way about about
• 35:09
  gold as well. It is a Ponzi.
• 35:12
  I mean, I hate to say it, I love the country.
• 35:14
  I know you do too, but it's really turned into a kind of a
• 35:19
  fantasy island. Make believe.
• 35:21
  Everything's phony, you know, the whole system.
• 35:25
  And what's a crying shame is that, you know, up till 1913
• 35:29
  before they started the Federal Reserve, before Roosevelt, they,
• 35:33
  they chipped away. We had a solid monetary system
• 35:37
  in this country, right? We had like $20 gold coins and
• 35:40
  silver was in the quarters and the half silver dollars, right?
• 35:44
  I mean, it was a it worked baby. This country became great.
• 35:48
  It was a fair level monetary playing field.
• 35:51
  We had almost like no inflation during like 100 year period in
• 35:55
  this country, you know, so and that's what the founding fathers
• 35:59
  set out for the country to begin with.
• 36:02
  It's in the Constitution, right? So it's OK to complain.
• 36:06
  And, and thankfully, we still live.
• 36:08
  We have a lot to be grateful for in the United States, one of
• 36:11
  which is freedom of speech. We can complain.
• 36:13
  We can say, hey, this is not right, you know, and we're
• 36:16
  moving into a major period of change and uncertainty, very
• 36:21
  likely in the next year. Everybody, including me, said
• 36:25
  that they thought 2024 was going to be this crazy year.
• 36:28
  Well, it didn't turn out to be all that crazy.
• 36:30
  Now, I mean, I think the Trump election was the craziest thing
• 36:35
  that happened. When I say that, and not saying
• 36:38
  that politically because I think you know how my political
• 36:41
  beliefs are probably aligned with yours, very most likely, I
• 36:44
  can tell you, OK. But the the extent to which he
• 36:49
  dominated and the Republicans just dominated the election was
• 36:54
  a real surprise. That was probably the biggest
• 36:58
  surprise of the year. OK.
• 37:01
  And now, now we're heading into 2025.
• 37:05
  And I think what that spells is, is now there's a whole new set
• 37:09
  of uncertainties that are just being started to be absorbed by
• 37:13
  the silver and gold market, by the precious metals market.
• 37:17
  I believe that we'll be very grateful that we're holding
• 37:20
  precious metals as we move into 2025 and beyond because we're
• 37:24
  going to be together. Thank you for being here.
• 37:26
  Thank you to the moderators, Jake from Jake Custom Parts, Big
• 37:29
  Tim, the Silvershire, the one and only Annie Oakley.
• 37:32
  We love our friend Coin Shop Chris as well.
• 37:34
  Hey, excuse me, don't forget Coin Shop Chris has his own
• 37:38
  YouTube channel. You can check it out at Coin
• 37:40
  Shop chris.com. I am giving away one of these on
• 37:44
  December 30th, dirty man safe right?
• 37:48
  Remember, it's the safe that you bury in your yard like a pirate.
• 37:52
  It buried treasure or you can think of it like a giant seed
• 37:55
  that's going to sprout an unlimited money tree if you put
• 37:59
  gold and silver in it. But I am giving one away on
• 38:04
  December 30th. Yes, during the live stream and
• 38:09
  go there's a link in the description of this video how to
• 38:12
  get into the into the giveaway and there's a code if you ever
• 38:16
  want to buy one round 10. All right, enough of me.
• 38:19
  Thank you. OK, guys, you're awesome.
• 38:22
  Thank you again, Frank. Thank you extra mile for the
• 38:24
  Super chats. You guys sleep well.
• 38:27
  Have a good night and I'll probably see you tomorrow.
• 38:29
  OK, take it easy. Thank you.
• 38:31
  Bye. Bye.