Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 $931 Silver to Dollar 🚨 IS THIS REAL -- (BRICS, Silver Price and Gold Price News Update)

Transcript

🚨 $931 Silver to Dollar 🚨 IS THIS REAL -- (BRICS, Silver Price and Gold Price News Update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Absolute stunning news with our favorite most undervalued asset
• 0:05
  in the world, silver. We're going to talk about gold
• 0:09
  also, but guys, the numbers are getting unbelievable when it
• 0:14
  comes to silver. We are being like shocked on a
• 0:17
  daily basis. What's the latest?
• 0:19
  Let's look at the dollar to silver ratio, which has
• 0:23
  absolutely, it was already exploding.
• 0:26
  Now it's like triple exploded. Let's go take a look.
• 0:29
  You're not going to believe this.
• 0:31
  I was shocked last night. Several of you brought this to
• 0:34
  my attention. I went out and confirmed it for
• 0:37
  myself. Here we are at the US debt
• 0:39
  clock. We come here almost every day.
• 0:41
  It's one of our basement dweller field trips that we enjoy going
• 0:45
  on. And when we look down here and I
• 0:48
  want to zoom in for you, Oh my gosh, it can.
• 0:53
  This, this is incredible, guys. And what does this mean for us
• 0:58
  as silver and gold investors? Let's get back over here and
• 1:04
  here. What, what, what?
• 1:05
  Hold on here. It is right here, right in the
• 1:07
  middle of your screen. You can see my yellow cursor.
• 1:10
  The dollar to silver ratio yesterday was somewhere in the
• 1:13
  low 7 hundreds and overnight has exploded to 933.
• 1:19
  We've got big news to talk about during this live stream.
• 1:22
  The Comex, the LBMA, the Comex raising the margin requirements
• 1:26
  on silver contracts. What's going on with the bricks?
• 1:29
  There's so many factors feeding into what's going on with
• 1:33
  silver, but this one alone, remember, quick review, this is
• 1:37
  the number of paper dollars created via the M2 money supply,
• 1:42
  OK, on an annual basis for each one ounce of silver.
• 1:47
  So for each one ounce of silver that's being produced right now
• 1:51
  on an annual basis in the entire world, we have almost
• 1:54
  approaching 1000. What they have a big party guys,
• 1:57
  when we get to 1000 a thousand paper U.S. dollars let's run out
• 2:02
  to our spreadsheet. Let me double check make sure it
• 2:05
  hasn't gone up anymore OK 933 so we're keeping track of this
• 2:10
  together, basement dwellers and unbelievable yesterday we were
• 2:15
  shocked at 9:40 I'm sorry 741 and look at that right look at
• 2:21
  that for each one ounce of silver being mined in the world
• 2:24
  overnight now there are actually 200 more oz per or 200 more
• 2:29
  paper dollars per oz being being developed.
• 2:33
  Let me let me give you a quick visual, my friends.
• 2:36
  All right. Hey, thank you, guys.
• 2:37
  Wow. Oh, I forgot to tell you the
• 2:39
  most important thing. Yeah, you.
• 2:41
  Thank you for being here. We got a special guest in the
• 2:45
  basement today. You know who that is?
• 2:47
  The extra, the most important guest in the world.
• 2:50
  That's you. This is not possible.
• 2:52
  Silver lover, gold lover, precious metal mining stock
• 2:56
  lover. Lover of life.
• 2:58
  However you want to refer to yourself, I'm not allowed to
• 3:01
  call you guys Buttercup anymore. I'm getting some Flack on that.
• 3:04
  Sorry, Buttercup. Anyway, right.
• 3:06
  It's a big deal. You're here.
• 3:08
  Thank you. All right, let's talk silver.
• 3:10
  Oh, I'm knocking stuff over. We are going off the rails.
• 3:14
  OK, I would like you to imagine this is all the paper money in
• 3:19
  the world. OK, think of that $933 on the US
• 3:23
  tech clock. This here piece of silver is all
• 3:26
  the silver and gold in the world.
• 3:29
  OK, they can print these, which what were is what we're seeing
• 3:33
  on the US debt clock, right? No matter what number you want,
• 3:36
  they can print these to Infinity.
• 3:38
  They can't print these if this is all the silver in the world,
• 3:42
  this stays static. This barely.
• 3:44
  Well, wait a minute. There's a bonus here, but this
• 3:47
  is it. It's finite.
• 3:48
  There's only a certain amount. These can be made to Infinity,
• 3:51
  but it's even crazier. The reason why we even need to
• 3:54
  realize is is even more important is because while these
• 3:58
  are being print, I wish I had a big pile of them right printed
• 4:01
  to Infinity. Hold on a second, hold on
• 4:03
  basement dwellers, I can make this even better.
• 4:09
  Let's all quickly say hello to Jerome Powell.
• 4:13
  But we're not here to RIP on Jerome.
• 4:15
  Jerome, you get a day off. This is all the dollars in the
• 4:22
  world. This is all the silver in the
• 4:24
  world. They can print these to
• 4:26
  Infinity, right? Right.
• 4:28
  They can't print these. But it's even crazier when you
• 4:31
  realize when you realize this absolute fact, not only is this
• 4:36
  remaining static, the amount of gold and silver in the world and
• 4:39
  this just gets printed. This is actually shrinking.
• 4:42
  When we talk about silver because of the silver deficit,
• 4:45
  the amount of this is shrinking. While this is, I mean, what else
• 4:50
  do we need? Should we just stop the live
• 4:51
  stream right now? We don't need anything else.
• 4:55
  Go out and buy silver. You know, it's impossible in my
• 4:59
  mind. I could be wrong, but that's the
• 5:02
  reason why to me, when I think about silver in particular and
• 5:06
  gold, I love gold and I love the mining stocks, you know that.
• 5:09
  But when I think about silver, I just get this warm fuzzy
• 5:13
  feeling, almost as warm and a fuzzy feeling as I get when I
• 5:18
  think about you. Almost as warm and fuzzy of a
• 5:21
  feeling as I get when I think about Susie.
• 5:24
  Anyway, let's go. That silver Susie, my lovely
• 5:27
  wife who cannot be on the live stream this morning.
• 5:29
  She has other obligations. A couple more very interesting
• 5:33
  things going on on this here. Boy, look at that, folks.
• 5:38
  I told you the debt's gonna keep going up.
• 5:41
  I mean, the debt's a massive problem.
• 5:44
  Everybody's waking up. We're gonna talk about a Minsky
• 5:47
  moment later in this video, but let's check out Did you know
• 5:52
  this up at the top? Let's look at the world quickly
• 5:55
  to see if we're alone. The world is awash in debt.
• 5:59
  And what about the BRICS countries?
• 6:00
  OK, sure. China is up there right there.
• 6:03
  Also have a massive economy. But this you can go to the that
• 6:07
  click that world button and see. Look at the debt of the world.
• 6:11
  This is the important thing to look at public debt to GDP
• 6:14
  ratio. OK, Look at the USA, look at
• 6:16
  China, look at Japan. And that's where we're heading
• 6:20
  guys. That's the United States in the
• 6:22
  future, Germany, the UK, India, France, Italy, Brazil.
• 6:28
  The world is just awash and debt.
• 6:30
  Remember Greece? Do you guys remember?
• 6:33
  Like, I don't know, it's like 10 years ago Greece was like gonna
• 6:36
  blow up the whole EU, The European Union.
• 6:40
  Look at them. They're way up there too. 230%
• 6:43
  now you think you think when we look at that U.S. debt clock
• 6:48
  that you're in trouble because if you are joining me from the
• 6:50
  United States of America and I'm I'm patriotic.
• 6:53
  I know you are right. We can sing God.
• 6:56
  I won't sing God Bless America. You know the whole all the songs
• 7:01
  we were taught right. I have a where is it self waving
• 7:04
  American flag. I got one up there in the
• 7:07
  background with the elephant. But there's a big earth if you
• 7:10
  live in the United States of America like I do, right?
• 7:13
  I live in the heartland in Saint Louis, home of the world's
• 7:16
  biggest silver arch. None the less, none the less,
• 7:20
  per citizen, right? You can look at your little baby
• 7:23
  grandbaby or your kids or your yourself.
• 7:26
  Look at yourself. Go look in the mirror and look
• 7:28
  in the mirror and say I have 110,000 extra in debt thanks to
• 7:34
  my trusted lovely politicians. But wait, there's more.
• 7:38
  I didn't realize this. I didn't even think about this.
• 7:40
  There's very likely you got even more debt that you don't know
• 7:43
  about. One more time after the US debt
• 7:46
  clock. Because when you let's go back,
• 7:51
  there's the world debt clock, but there's state debt clocks.
• 7:55
  I had no idea there's so much stuff on this page.
• 7:58
  You can pull up your state. Let's say you live in the great
• 8:01
  state of misery, Missouri. You can pull up Missouri,
• 8:06
  whatever state you're in and it'll pull up for you.
• 8:10
  All kinds of data per this is the one I think is important
• 8:13
  debt per citizen. So not only is since I live in
• 8:17
  Missouri, do I have 110,000 in debt, but on top of that an
• 8:22
  extra 9000. Let's look at one more state.
• 8:25
  Let's see which state do you want me to look at?
• 8:27
  How about how about we look at North Carolina just for fun?
• 8:34
  Debt per citizen 5000. So if you're in North Carolina,
• 8:36
  you're doing a little better than we are here in the United.
• 8:41
  Hold on and just get back here. Let's take a look at here,
• 8:47
  right? There's the total U.S.
• 8:49
  National debt. Here's where you find the debt
• 8:51
  per citizen. That's every living being in the
• 8:55
  United States, whether they're one year old or 101 year old per
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  citizen. 106,000, If you're a working taxpayer in the United
• 9:05
  States, you've got almost 300,000 in debt.
• 9:07
  OK, enough of that. How are you guys doing this
• 9:09
  morning? Let's go check on the silver and
• 9:11
  gold price. What do you say, huh?
• 9:14
  Look, I've got some good news, good news for you.
• 9:17
  There's a big reason why you should not be frustrated with
• 9:23
  what we've gone through this week with the silver and gold
• 9:26
  price we've got. Actually, this is a reason for
• 9:29
  you to take a little stock and be a little happy and realize,
• 9:33
  look, we know I showed you, we know what's going to happen.
• 9:36
  We know what's going to happen. But I've got some data that I
• 9:39
  want to show you as well. But let's run out to Pinbacks
• 9:43
  channel sponsor and we are going to update the silver and gold
• 9:47
  price. There's the the the yellow
• 9:50
  triangle. You guys can do this at home as
• 9:52
  well. You can press the Pinbacks magic
• 9:55
  button and let's see. OK, wow.
• 9:58
  Silver's only down a penny, guys.
• 10:01
  Gold only down 6 bucks. Silver was down like 30 cents
• 10:04
  earlier today. Thank you, pin backs.
• 10:10
  You know, we appreciate you. Now we do appreciate Pembex.
• 10:13
  What I love about having Pembex as a sponsor, they're an online
• 10:18
  bullion dealer. If you want to buy gold, silver,
• 10:21
  platinum, group metals and you're going to buy it online,
• 10:23
  please do yourself a big favor, check out Pembex.
• 10:26
  But what I love about Pembex and having them as a sponsor is
• 10:30
  quite simply, I know that they treat our community, the
• 10:34
  basement dweller community, like gold or platinum or silver.
• 10:39
  Seriously, I get overwhelming positive response.
• 10:43
  You know what? Let me just show you this one
• 10:45
  more time. I think this bears repeating.
• 10:48
  If I can find it, I'm going to show you.
• 10:50
  This was a public comment on one of my videos.
• 10:53
  This guy says Marshall says good morning, Ron, by buying from
• 10:57
  Pinbacks versus MMM, which is one of the other big online
• 11:00
  bullion dealers. We're not here to bash anybody.
• 11:03
  I saved almost $1000. I made sure to tell Pembex's
• 11:07
  Mike and Brian. Those are guys.
• 11:09
  Those are the brothers that own this company and well, I'm going
• 11:14
  to say something about them in a second.
• 11:16
  I'll finish his comment. I had you.
• 11:18
  I had you for discovering Pembex once again, watching and
• 11:20
  listening to your channel. Save me many dollars worthy of
• 11:23
  my thanks. Let me tell you something.
• 11:25
  I've worked with Pembex for a year, OK, Mike and Brian, OK,
• 11:30
  despite the fact that they're Cpas, they're accountants like I
• 11:33
  am. These are good quality people.
• 11:35
  I, I know that they're taking great care of their customers.
• 11:40
  I know that they're taking great care of you.
• 11:42
  So guys, please, please do yourself a favor.
• 11:44
  I'm not going to tell you what to do, but give them a chance.
• 11:47
  Next time you're going to buy silver, gold or platinum group
• 11:50
  metals. You can even call them and talk
• 11:51
  to them on the phone. Great guys, great people.
• 11:54
  They are very busy right now, but you know, I know they do a
• 11:57
  great job of getting back to everybody.
• 11:59
  Thank you for spy train Ron's basement and oh, let's go look
• 12:03
  at the Hey, thank you, Jake. Annie, who is the best mod?
• 12:09
  Yes, Annie's wave. Annie Oakley.
• 12:11
  Thank you for being a moderator here on the channel.
• 12:13
  You are the best. We love you.
• 12:15
  OK, we also love you, Jake, and we love big 10, the silvershire.
• 12:19
  Now, guys, let's go to let's go to the silver price.
• 12:23
  I'm going to give you a reason why, a reason why we can all
• 12:27
  stop crying in our Cheerios. Let's do, let's see, this is the
• 12:33
  silver, this is the futures contract.
• 12:35
  But let's refresh here to make sure, OK?
• 12:38
  We're down 10, almost $0.10 in the futures market.
• 12:41
  Let's go to one month there where we are.
• 12:43
  OK, today is the 25th. Let's find make sure I got you
• 12:48
  on the screen here with me guys, which I do.
• 12:50
  Let's find 2 weeks ago today. Do you remember 2 weeks ago
• 12:54
  today? That would be the 11th.
• 12:56
  Why is the 11th not showing up on this chart?
• 13:00
  Well, anyway, we'll say the 13th 12 days ago today, right?
• 13:04
  1013, yes. OK.
• 13:06
  We were at $31.00 silver in the futures market 2 weeks ago.
• 13:12
  Remember that live stream? I remember it.
• 13:14
  I remember talking to you. We were at $31.00 and we were
• 13:17
  talking about how in the coming weeks we could see 3334 dollars
• 13:22
  silver or we could see $2826 silver.
• 13:26
  Guys, we broke through that critical 3250 resistance that we
• 13:32
  had. But let's just look at it one
• 13:34
  more time. This is a one year chart of
• 13:36
  silver and I got to pull out the crayons and OK here.
• 13:43
  This was the line in the sand that we fought against for the
• 13:47
  longest time, OK, since May 5 months, boom boom.
• 13:52
  This was resistance. We could not breakthrough that
• 13:56
  level. We broke through right here,
• 13:59
  right where we are now. OK?
• 14:02
  It's OK. Even if we come look at this
• 14:04
  line, Boo Hoo, Boo Hoo, all the way back to 3250, OK, From
• 14:09
  there, one or two things will happen.
• 14:11
  Either buyers will step in and we will bounce because that now
• 14:16
  that red line, which was resistance was hard for us to
• 14:20
  get through, now becomes what they call support, OK?
• 14:24
  So if we bounce back down, all right, it's very likely even if
• 14:28
  we do, we will shoot back up. There's a chance that we could
• 14:32
  go straight down. I don't think that's going to
• 14:34
  happen. I think we are in good, good
• 14:37
  news. Whoa, hold on, we got another
• 14:39
  super chat. Wow.
• 14:40
  Best Kanban driving mod in the business.
• 14:44
  They are the best mods in the business.
• 14:46
  I am very, very lucky, Debbie, because Ron and 888, what?
• 14:52
  What does this say? Thank you, Joe, because Ron and
• 14:55
  888 are always awesome. Thank you.
• 14:58
  Wow, what a day, man. OK, and we're going to come back
• 15:02
  and check on the Thank you Debbie.
• 15:04
  Wow, and you guys, all of you, Jake, Joe, Debbie, thank you for
• 15:08
  those super chats. We're going to come back and
• 15:10
  check on the silver price a little bit later in the show,
• 15:12
  but we got a lot more to talk about.
• 15:14
  Let's talk about the the slam O jam OS the Comex manipulation.
• 15:19
  OK, this is going on. What does that mean that the
• 15:22
  that the COMEX, the big bullion banks, right, the five big
• 15:26
  banks, JP Morgan, Goldman Sachs, they're at it, they're up to it
• 15:30
  again. They are, they're giving it all.
• 15:32
  The reason this is important, this manipulation that goes on
• 15:36
  in this market is because right now they're giving it all they
• 15:39
  got. They're throwing all their
• 15:40
  evilness at the silver price and it so far is not working.
• 15:46
  What does that mean? That means like that chart we
• 15:49
  saw, right, that if, even if silver does get beat down by a
• 15:52
  buck or $1.50 from here, OK, they're giving it all they got.
• 15:56
  They they did big news from the Comex as well.
• 16:00
  We got a lot to talk about. Hold on, let's go out and here
• 16:05
  we go. This is from Jesse Colombo,
• 16:07
  right? This guy's the one of the
• 16:08
  shooting stars in the precious metals community.
• 16:11
  Silver has been slammed in three of the last four trading
• 16:15
  sessions and it's always in the morning New York time.
• 16:18
  I'm crying foul because it's obvious market manipulation.
• 16:23
  This is long. This is a long established
• 16:25
  pattern. Don't gaslight me and tell me
• 16:28
  this is organic or just random. Let's take a look at this chart
• 16:32
  that he put up. OK, here we go.
• 16:34
  This was on the 21st. If you can see at the bottom of
• 16:37
  the screen, which you can, this down here is the 21st.
• 16:44
  OK, look at all those red bars and look at how the price of
• 16:48
  silver got slammed. So that would have been what,
• 16:51
  today's the 25th, I don't know, Tuesday, I guess here's
• 16:54
  Wednesday, same time, morning time in New York.
• 16:57
  Look at all those big red bars. Look how the silver price,
• 17:01
  there's the dollar price of silver got absolutely slammed.
• 17:05
  And then again, it happened on the 24th, which would have been
• 17:09
  yesterday. More red bars, more slammy,
• 17:13
  jammy. OK, That's what the Comex is up
• 17:15
  to. He says morning slams equal
• 17:17
  obvious market manipulation. If it's not manipulation, then
• 17:21
  why are the sharp moves almost always to the downside and occur
• 17:24
  between 9:00 and 11:00 AM? OK, now let's talk about this
• 17:29
  big news out of the COMEX. They're raising margin.
• 17:33
  The Comex where they don't forget.
• 17:35
  For those of you who are new, the Comex, the crime ax some
• 17:39
  people call it is where they trade the paper silver, the make
• 17:42
  believe silver. The Unicorn fart does silver
• 17:45
  right? That's where they trade.
• 17:47
  It is on the Comex and they are manipulators.
• 17:49
  You want to see, you want to see what kind of silver they trade.
• 17:51
  Let me show you something I want to tell you guys quickly.
• 17:54
  I'm doing a giveaway of one of these.
• 17:57
  For those of you who are new, this is The Dirty man, safe
• 18:02
  dirty man save this is actually The Dirty girl.
• 18:04
  They're smallest, but I'm giving away one of these on December
• 18:07
  30th, 2024. You can put this thing is really
• 18:11
  cool When it when it showed up, I was like then I got 1 hanging
• 18:14
  somewhere. Where is it?
• 18:15
  There it is. That's the bigger 1.
• 18:17
  I don't know how good you can see that right there.
• 18:19
  Anyhow, I was shocked, but I you know, the quality of this and
• 18:25
  just how cool cool it is, you know, and this is not just a
• 18:29
  couple of PVC pipes glued together.
• 18:31
  Trust me. All right, but let's see what
• 18:33
  what you don't want to put inside your see if see if
• 18:36
  anything from the oh, look what's in there guys, look
• 18:39
  what's in there. That's not what you want to put
• 18:42
  in your dirty man safe. You want to put silver in there
• 18:45
  right? See this makes no noise.
• 18:47
  This is what the comex in the LBMA is Unicorn fart dust
• 18:51
  silver. This is real silver.
• 18:53
  I'm going to put that in there the sound anyway, if you want to
• 18:57
  there's a link in the description of this video, a
• 19:00
  link in the description of this video where it says enter The
• 19:04
  Dirty man safe giveaway here and there's directions on how to do
• 19:07
  it. It's simple it's easy and you on
• 19:09
  December 30th could win your very own dirty man safe and
• 19:12
  you'll be surprised when you get it.
• 19:14
  It's very, very cool. OK, short here.
• 19:16
  This is get to this story, the comex.
• 19:19
  Why is it a big deal? Is it a big deal that the COMEX
• 19:24
  raised the margin requirements on silver?
• 19:26
  I'm going to tell you what I learned about that, but let's go
• 19:30
  here. This is from Bob Coleman, Silver
• 19:33
  Alert, the CME, the Chicago Mercantile Exchange will be.
• 19:39
  I got to tell you guys, when I was in college, I went to DePaul
• 19:42
  University in Chicago, studied accounting.
• 19:46
  A lot of the guys and I lived in the city, well at Lincoln Park
• 19:49
  anyway. A lot of the people, they worked
• 19:51
  at these exchanges, the Board of Trade and the CME and all that.
• 19:55
  And some of my buddies worked down there.
• 19:57
  They were runners that used to be different.
• 19:59
  Not all electronic. Man.
• 20:01
  Let me just put it to you this way.
• 20:03
  I because, and these guys that work there will tell you this,
• 20:05
  it's a pit of Vipers. I mean it is crazy none the less
• 20:09
  the CME. Will be raising margin
• 20:12
  requirements by 4.3% on silver futures effective after October
• 20:18
  25th, 2024. There's the proof, there's the
• 20:21
  letter. OK, so I dug in.
• 20:24
  Is that a big deal? What does that mean for silver?
• 20:26
  The best that I was. Some people say, oh, that means
• 20:29
  silver's going to skyrocket, right?
• 20:30
  The the, the best that I could. A couple of key takeaways, why
• 20:35
  they're raising the margin requirements and what that
• 20:37
  means. I'm sorry, I didn't even explain
• 20:39
  what that means is they're raising the amount of money that
• 20:41
  you have to have cash in your account for the the silver
• 20:47
  contracts. The silver contract is for 5000
• 20:50
  oz and that margin requirement raised means you need to have
• 20:54
  more cash, more equity in your account to hold those ounces.
• 21:00
  Some people say, well, number one, I think I can say this with
• 21:03
  a high level of confidence. The only reason they're doing
• 21:06
  that is because they're scared, number one, and because of
• 21:10
  volatility, right? Because because, because people
• 21:13
  wind up becoming like out of the money on these contracts and
• 21:17
  then they don't have enough money in their account to cover
• 21:20
  all their losses. Isn't that sad, right?
• 21:23
  But then there's different opinions as to whether that will
• 21:26
  drive the price up or the price down.
• 21:28
  What I believe after reading, I mean a lot of different
• 21:31
  comments, is that in the end this is a good thing for the
• 21:34
  silver price. It shows that the CME right, the
• 21:37
  people that make trade the Unicorn fart does paper silver.
• 21:41
  You know like what, 203 hundred, 400 ounces of paper make believe
• 21:46
  silver for each one ounce of real silver.
• 21:48
  That they're scared that they're scared, right?
• 21:51
  Things are happening. Some people think this is a
• 21:53
  very, very, very good thing. Hey guys, let's pause for a
• 21:57
  second and have a quick Sup of coffee.
• 22:00
  You want to have a sip of coffee?
• 22:01
  Sip of coffee, sip of Kiffy. Let's have a sip of coffee.
• 22:10
  OK, Bricks, bricks, bricks, bricks, bricks.
• 22:14
  Silver and gold investors, the bricks thing and it just wrapped
• 22:20
  up is a big, big, big mega deal. I'm going to tell you the
• 22:25
  reasons why because in the end, gold and silver win.
• 22:29
  There's a lot. It's just like, it's just like
• 22:31
  when we talk about the US financial system in the in the
• 22:34
  debt clock. In the end, gold and silver win
• 22:38
  against the US Western financial system and and within the
• 22:44
  evolving bricks financial system.
• 22:47
  And I'll explain to you I'll give you the reasons why why we
• 22:51
  should I don't use that word often should remain should
• 22:56
  remain being very optimistic right about the value, the real
• 23:01
  value of the gold and silver that we own.
• 23:03
  This is real. This is happening even though
• 23:07
  98% of your fellow Americans think bricks are these clay
• 23:11
  fired blocks that you use to build buildings, which they're
• 23:14
  correct. There's another bricks and we
• 23:17
  know about it and it's a big deal for silver and gold
• 23:20
  investors. OK, let's go to Reuters.
• 23:23
  This is shocking. What if Russia right?
• 23:26
  What if, what if the the, we just talked about the Comex, the
• 23:30
  Comex and the LBMA? What if the BRICS countries,
• 23:34
  what if Russia right, actually start their own exchange?
• 23:40
  We know China has already done that with the Shanghai Gold
• 23:43
  Exchange, but what about Russia now as well?
• 23:46
  This is from Reuters. This is big news.
• 23:49
  This is telling us, giving us reasons why gold and silver are
• 23:54
  becoming reasserting themselves as the only form of real money
• 23:59
  in the world. Let's go out to Reuters without
• 24:02
  further ado. What did I put up here?
• 24:07
  All right, here we go. Russia in talk.
• 24:09
  Did I pull that up? I did.
• 24:12
  OK. Hey, stay with me, basement
• 24:14
  dwellers. Here we go.
• 24:16
  Reuters. Reuters, right, The world's
• 24:18
  leading news agency, Financial news agency.
• 24:21
  Russia in talks with bricks over precious metals exchange.
• 24:29
  Let's just look at a couple of these key points.
• 24:31
  Why does the reasons why this is so important?
• 24:34
  Russia is in talks with other BRICKS members about creating an
• 24:39
  international precious metals exchange to ensure fair pricing
• 24:44
  and trade growth, the country's finance minister, Anton Solavo
• 24:50
  said in a statement on Thursday. OK, on Thursday, Today's what?
• 24:55
  Friday? Yeah, Friday.
• 24:57
  That was yesterday. Breaking news.
• 24:59
  Big deal. This is a big deal.
• 25:03
  This is the repricing of gold and silver because gold and
• 25:07
  silver are continuing in absolute terms to become more
• 25:13
  important in the bricks which represents like 40% of the world
• 25:17
  economy and even in the West as well.
• 25:21
  Wait till you hear what people are are are speculating the Fed
• 25:25
  is doing with is going to do with gold anyway.
• 25:27
  Leaders of BRICS countries which account for 37% of the global
• 25:31
  economy. OK, I rounded up gathered in the
• 25:34
  Russian city of Kazan this week to discuss initiatives aimed at
• 25:38
  creating alternatives to the Western dominated financial and
• 25:42
  trade infrastructure. OK, it gets even better.
• 25:46
  It says, quote, the mechanism will include the creation of
• 25:49
  price indicators for metals, gold, silver, standards for the
• 25:54
  production and trade of bullion, the instruments for accrediting
• 25:57
  market participation, clearing and auditing within bricks.
• 26:01
  This is Russia, this is bricks, this is gold and silver.
• 26:05
  And this guy in the lower right corner is bugging me.
• 26:08
  OK, the Bricks precious metals exchange would rival Western
• 26:13
  trading platforms. Why is that a big deal?
• 26:19
  Because the Western trading platforms that would be the
• 26:22
  COMEX in the United States and the LBMA over in London, England
• 26:27
  are in big, big trouble, right? They're already being drained of
• 26:31
  gold. OK, and I I digress.
• 26:34
  Such as the London's metal Exchange and would protect trade
• 26:38
  from sanctions imposed by the West on the bricks nations.
• 26:42
  This is happening in real time. Basement dwellers, it is
• 26:47
  happening. It is a big deal.
• 26:49
  Let me read this to you. Gold wins no matter what type of
• 26:52
  payment system the bricks come up with, it always boils back to
• 26:57
  gold and silver. Thank you, Marcus Shanghai.
• 27:01
  We'll get there in a second. And silver's right there behind
• 27:04
  find it. Nothing else works.
• 27:06
  Think about this. Think about this oil.
• 27:10
  How can you can't back a currency with oil?
• 27:12
  The United States tried it for the last 50 years.
• 27:15
  The, the, the BRICS countries oils, oils consumed oils.
• 27:19
  Hard to measure. I, I spent a brief period of
• 27:22
  time as an accountant in the oil industry.
• 27:25
  Oil accounting for oil is a lot of guessing.
• 27:28
  You never know the temperature effects, how much is in the
• 27:32
  tank, and it's a big mess. And anyway, I digress.
• 27:34
  They aren't going to use oil. They're not going to use wheat.
• 27:37
  Wheat spoils wheat, whatever. You know, right?
• 27:40
  They're not going to use natural gas to back their currency.
• 27:43
  No, they're all going to use gold and then silver, right?
• 27:47
  Platinum won't work because apparently platinum rubs away.
• 27:50
  I don't know, something like that.
• 27:51
  But anyway, they're going to use gold and silver.
• 27:55
  That's what. And, and, and even if they don't
• 27:57
  explicitly, and as we have not heard that, and I said that
• 28:00
  leading up to this brick Summit, I told you guys this speculation
• 28:04
  that we're going to get this official announcement of a 40.
• 28:07
  We don't need it. Then there's a reason why we
• 28:09
  don't need that, that 40% gold standard gold backed bricks
• 28:14
  currency. It doesn't matter because what
• 28:17
  it all boils down to is if they're going to trade amongst
• 28:21
  each other, it's going to come back to gold and silver.
• 28:24
  And that's why Russia wants to set up a gold and silver a a
• 28:29
  giant market to to, to knock out the COMEX in the LBMA.
• 28:32
  That's why China set up a gold and silver market.
• 28:35
  Because guys, it doesn't matter if they have a gold back
• 28:39
  current. They're when they work together,
• 28:41
  when they, when they trade with each other, guess what?
• 28:44
  They don't trust each other's currencies any more than they
• 28:47
  trust the US dollar. What they're going to do is
• 28:49
  trade with each other and then they're going to run to the
• 28:51
  Shanghai Gold Exchange, which is a physical market and convert
• 28:56
  their yuan or convert their, their, their rubles and the
• 28:59
  yuan. But they're going to convert it
• 29:01
  all back into gold. And shortly right behind it,
• 29:05
  right there as the strong little brother is silver.
• 29:09
  And so that's why, I mean, why are these countries?
• 29:11
  Wait, this is crazy. OK, Why is think about what we
• 29:19
  just talked about. Now think about this breaking
• 29:21
  big story. And this is the reason why this
• 29:24
  was a big story that we got last week.
• 29:26
  The Russian government officially said they are buying
• 29:30
  silver. When's the last time you heard a
• 29:36
  government say they were buying silver?
• 29:38
  You didn't, right? There's something going on.
• 29:40
  Remember that song? I know there's something going
• 29:44
  on, right? There's something going on.
• 29:47
  All right. Now China is buying all the
• 29:50
  silver they can get their hands on.
• 29:52
  We know that. We know that China not only is
• 29:56
  buying silver in the in the markets, guys, China is going
• 30:01
  directly to the mining companies in Mexico, Mexico.
• 30:06
  And you know what they're saying, Think about this, right?
• 30:09
  Typically right now, silver gets mined.
• 30:11
  Mexico is the biggest silver producer in the world.
• 30:13
  Silver gets mined in Mexico, it gets refined, it gets put on the
• 30:17
  COMEX in the LBMA, the London million market, and then it gets
• 30:21
  manipulated and blah, blah, blah.
• 30:22
  You know, there's a big change and there's a reason why this is
• 30:26
  a big deal right now, because now the Chinese are going
• 30:30
  directly to Mexico. And you know what they're
• 30:32
  telling them? I don't know if they're speaking
• 30:34
  Chinese or Mexican. Maybe they have a, a converter
• 30:37
  or translator, they use their their Huawei phones.
• 30:40
  I don't know. Nonetheless, what they're saying
• 30:42
  and what they're doing is they are buying concentrate.
• 30:46
  They're buying the unfinished, processed but unfinished silver
• 30:51
  ore directly from the Mexican miners.
• 30:56
  So what does that mean? That means that silver goes
• 30:58
  directly from Mexico to China to be refined.
• 31:03
  It does not go from Mexico to COMEX or LBMA.
• 31:07
  No, we buy direct, direct from the source, from the factory.
• 31:12
  That's what the Chinese are doing and that's a big, big
• 31:15
  deal. Let's go out since we're here
• 31:17
  and we got a Shanghai Super chat this morning.
• 31:22
  Here, we can be done with that $933.
• 31:26
  That is crazy. Let's go check.
• 31:27
  Let's just go check on the silver price in China, right?
• 31:33
  The other the sea and bricks. And here we go, There's the
• 31:38
  Oriental Ghost. He's always at the top of my
• 31:41
  list. All right, Oriental ghost.
• 31:43
  OK, we cannot read that. Looks like bricks are going to
• 31:46
  take control of metal prices. And then that is Chinese, which
• 31:49
  I cannot read. We'll come back to that.
• 31:52
  Looks like the oh, man. All right, let's check on the
• 31:54
  silver price. This is the the silver price in
• 31:58
  China on the Shanghai Gold Exchange.
• 32:02
  And we emphasize the high because the price of silver in
• 32:05
  China is always higher than it is in the United States.
• 32:09
  There's AG. That's the symbol, whatever you
• 32:12
  call it for silver SGE, Shanghai Gold Exchange and we are at 3544
• 32:21
  in U.S. dollars. This is a physical market.
• 32:25
  This is way different than the Comex, which is a paper make
• 32:29
  believe Unicorn fart desk market, right?
• 32:32
  This is the real physical price. You have to have physical metal,
• 32:36
  right? From what I've been told and
• 32:38
  what I understand, or at least the app, like 98% or 90
• 32:42
  something percent of the metal that's traded, the contracts
• 32:45
  that are traded on the Shanghai Gold Exchange are backed by real
• 32:48
  metal. That's a big, big deal.
• 32:51
  OK, $35.44, let's everybody take their blood pressure medicine
• 32:56
  with me right now. Let's get an update on silver.
• 32:59
  We were only down a penny. We're going to press the button
• 33:02
  here. All right.
• 33:04
  I always feel like I'm in a casino when I do that.
• 33:08
  All right, thank you guys. We are up $0.13 on the silver
• 33:12
  price. This could be a very good day
• 33:14
  for silver because look, we looked at that silver chart
• 33:19
  earlier. We had a big run up.
• 33:22
  It's normal to have a bit of a pullback, a consolidation that
• 33:27
  lets all the wimpy silver holders right or people are oh,
• 33:30
  silver got the 30 more dollars. Now it's at 33.
• 33:34
  It went down a dollar. I got to sell.
• 33:37
  I got I'm going to get out while I can.
• 33:39
  Those are the those are the Chicken Littles and that's fine.
• 33:42
  Nothing against you if you sold any silver, OK, But we got to
• 33:44
  get rid of all those people. And then when all the Chicken
• 33:47
  Littles are gone, they sold their silver for $33, right?
• 33:52
  There's just us, the few, the strong, right?
• 33:56
  The, the, the, the, the, the tough, the Navy Seals of the
• 33:59
  silver community that are holding.
• 34:01
  And now since nobody's selling, more buyers come in because
• 34:05
  China is buying, not just China. This is nuts, man.
• 34:09
  We got so much to cover the the guys.
• 34:11
  This is absolutely crazy. India is buying unbelievable
• 34:16
  amounts of oh, I missed you. Are you guys still here?
• 34:19
  Can you hear me? Hello.
• 34:21
  Oh, boy. This goes Susie's not here, so
• 34:24
  hopefully you can hear me. I appreciate you being here.
• 34:27
  Don't forget thumbs up. And what else?
• 34:29
  Oh, we got a big special going on.
• 34:32
  Subscribing to the channel. It's free, and it always will be
• 34:36
  free. But you know what?
• 34:38
  The price you pay is the time that you give.
• 34:40
  So we appreciate you. You're part of the club.
• 34:43
  Welcome, basement dwellers. Welcome silver and gold
• 34:45
  investors. And I'm going to do my best not
• 34:47
  to call you Buttercup today because I'm getting in a lot of
• 34:49
  trouble for that. But to me, Buttercup is a term
• 34:52
  of endearment. Let's go.
• 34:54
  Let's go out to the smartest guy in the room, Chris Marcus.
• 34:59
  This is crazy. So we just talked about what's
• 35:01
  going on with bricks and silver. Arcadia Economics.
• 35:05
  This is their sub stack. I have a link to it in the
• 35:08
  description of this video. Chris Marcus Arcadia, Arcadia
• 35:12
  Economics, many of you know him. He's been around for years.
• 35:16
  He's one of the smartest guys in the room.
• 35:17
  He's a great guy. I mean, he's done so much for
• 35:20
  silver. Check out his sub stack, please.
• 35:23
  But let's listen to this. We're just going to look at a
• 35:24
  couple charts that are going to blow you away.
• 35:27
  The India silver situation is confounding, OK?
• 35:31
  You're going to be stunned, flabbergasted and taken aback
• 35:34
  when you see this data. Three months ago, India lowered
• 35:38
  the import taxes on gold and silver, which was expected at
• 35:41
  the time to have a significant boost in demand.
• 35:44
  And that has indeed turned out to be the case, as in August,
• 35:47
  there was a surge in both gold and silver imports that has
• 35:53
  continued into September as well.
• 35:56
  All right, this is he puts out a piece every single day, well
• 36:01
  worth the price of admission. He's giving me permission every
• 36:04
  once in a while to this is people pay for this.
• 36:07
  OK, But every once in a great while, because I love Chris and
• 36:11
  love his stuff, he said, yeah, you can show him my stuff, some
• 36:13
  of my stuff during your live stream.
• 36:15
  So let's go down. Let's look at these three
• 36:17
  charts. These are gold imports and
• 36:20
  Tonys. OK, I did some research for you
• 36:23
  guys. I spent hours doing this by the
• 36:26
  way, and I went, I said how many ounces are in a Tony?
• 36:29
  And here we go. Let me show you this.
• 36:31
  Make sure we're on the same screen, which we are, OK, OK.
• 36:35
  And tonnies to ounces of gold in one Tony, there's 35,000.
• 36:42
  We'll just say 35,000 oz per Tony.
• 36:48
  I think it's ton, but it's fun to say, Tony, look at this.
• 36:51
  This is India Gold Imports. 2023 is the light pink. 2024, the
• 36:57
  current year is the dark red color, as you can see, right.
• 37:02
  We're only through September. We don't know what the 2024, But
• 37:05
  guys, look at this. Look at July.
• 37:09
  Look at. Yeah, Look at July.
• 37:12
  Oh, that would be August. Look at August.
• 37:14
  Look at the 2024. I mean, it's almost twice as
• 37:17
  much. Look at September.
• 37:20
  OK, the amount of gold being imported is skyrocketing, I
• 37:24
  believe. And then this Gray line is the
• 37:27
  five year average. So over the last five years on
• 37:30
  average, right where you see my little magnifying glass, Look
• 37:33
  how much more in July of this year they imported.
• 37:36
  Look at August, look at August, even look at September.
• 37:40
  OK, now we're going to look at silver because silver's even
• 37:46
  crazy. This is crazy.
• 37:48
  OK, the light blue right there is 2023.
• 37:52
  The dark darker blue is 2024. Look at these numbers.
• 37:57
  OK, the dark blue numbers. Look at the the number of ton
• 38:00
  Tonys that were imported, 2250. Look at these numbers.
• 38:05
  Look at even. I mean, that was crazy.
• 38:07
  We remember that. But even look what's happened in
• 38:09
  August and September through the roof.
• 38:12
  Now last year in October, they now again, we don't have
• 38:16
  October, November, December. But just to give you an idea,
• 38:20
  let's, let's let's figure out how many tunneys and then we'll
• 38:23
  figure out how many ounces of silver roughly or pretty
• 38:27
  accurately India's imported this year.
• 38:29
  So we got 750 in January, then we had 2000, So that's about
• 38:33
  3000. March, we'll say 3750, we'll add
• 38:39
  these together and say about 4000, OK.
• 38:44
  And then this 5500 Tonnies and about another thousand, 6500
• 38:52
  tons of silver imported by India alone.
• 38:57
  If you multiply, if you multiply 6500 Tonys times 35,000, which
• 39:05
  is rounded down, that is 225 million ounces of silver
• 39:14
  imported by India. And we still have three months
• 39:18
  left. OK, OK, 225 million ounces is
• 39:25
  let's do the math real quickly. This is a, this is the first
• 39:28
  nine months of the year. Hold on here, 220, shoot 225
• 39:34
  divided by we'll say 800. That's already 30% in the first
• 39:39
  three months of the year, that's 30%.
• 39:42
  Let's go back to this because think about this guys, it gets
• 39:44
  even crazier when we look at this wrong one.
• 39:48
  Here we go. When we look at this chart, OK,
• 39:51
  if we're at 225 million oz right now that India, we still have
• 39:56
  these three months left to go, that's 75 million every three
• 40:01
  months. OK, 3 * 75,000,000 would equal
• 40:05
  225 million. That means if they just continue
• 40:09
  at their average pace for the next three months, they're going
• 40:12
  to import 300 million ounces of silver.
• 40:16
  That is just absolutely insane. Here it is on another, another
• 40:23
  way to look at it. This is September.
• 40:26
  The red line is September where we are this month, OK, that was
• 40:30
  February, but the red line is the current month.
• 40:33
  Look how many months out of the last what, 25 years have they
• 40:38
  been above? Not many, not many.
• 40:40
  That was September and that was February.
• 40:42
  That was a record. It is.
• 40:43
  It is just absolutely guys, 300 million ounces.
• 40:49
  If they just stay on track, we'll see even if they don't buy
• 40:52
  any more silver this year, they're importing 30% of the
• 40:56
  world's production. If they do remain on track,
• 40:59
  let's go ahead. We'll do that math quickly. 300
• 41:03
  oops, not 3300 / 800. They could India could import
• 41:08
  almost 40% of the world's silver this year.
• 41:11
  Have a sip of coffee with. OK, slammy, jammy the mics back
• 41:19
  on. What's a Minsky moment?
• 41:21
  Are we heading for that moment where the world wakes up and
• 41:24
  realizes, Oh my gosh, I need to get silver and gold right?
• 41:29
  Is there a reason? Is there evidence that that type
• 41:31
  of situation has unfolded in the past?
• 41:34
  Yes, there is, and it's called a Minsky moment.
• 41:36
  I read all your comments and I had a great comment that came
• 41:40
  through that really got me thinking like, like, you know,
• 41:46
  is that we know what's coming in the United States.
• 41:49
  We know what is coming. We know because we can look at
• 41:53
  the US debt clock. We know what's going to happen.
• 41:56
  Are we that different? Are we going to be in that much
• 41:59
  of a different situation than a poor farmer in India, right?
• 42:03
  What do they do with their money?
• 42:05
  Silver, OK, are we going to be, are, are we, could we be in a
• 42:09
  very precarious situation? And this comment really got me
• 42:12
  thinking. Wrong comment.
• 42:15
  No, no, this is it from John Wilson.
• 42:17
  He said the Minsky and I'm going to show you what a Minsky moment
• 42:20
  is. So stay with me here because
• 42:21
  Mint, you've heard that term before.
• 42:23
  I'm going to, it's very easy to understand.
• 42:25
  We're going to talk about what it means.
• 42:27
  But the Minsky moment will be when the population, that's you
• 42:31
  and me, right? But more importantly, your
• 42:35
  neighbors, your family, your friends, when they realize that
• 42:38
  there are limited places to put your money, this actually could
• 42:42
  be good, right? Because remember guys, there's
• 42:45
  $6.5 trillion in money market accounts.
• 42:50
  And when people suddenly wake up and I don't think it's going to
• 42:53
  happen tomorrow. I don't, I, I, I think possibly
• 42:56
  could happen in 2025, but I'm talking like sometime in the
• 43:00
  next, maybe next months, maybe next year's.
• 43:02
  But it's going to happen when people realize my money is
• 43:06
  becoming worthless and I don't want to put it in the stock
• 43:09
  market and I don't want to put it into real estate.
• 43:13
  What am I going to do with it? And you know what?
• 43:15
  They're all going to run the gold and silver.
• 43:17
  This guy, John, this is a great comment.
• 43:19
  This actually could be good if you were a poor booger or
• 43:23
  bugger. I'm sorry, whatever.
• 43:24
  I don't think he means that in a bad way.
• 43:26
  In Africa, South America, developing Asia, Missouri,
• 43:31
  Montana, California, right? Where would you put your dough?
• 43:36
  That is all you have to think about.
• 43:39
  Where would you put your dough? Where would you put it?
• 43:42
  And you're going to put it into gold and silver.
• 43:44
  Now, what is a Minsky moment? You probably heard that term and
• 43:48
  I did as well, and I didn't really know the origins of it.
• 43:52
  Let me see, here we go. This is quick and easy, but a
• 43:55
  little bit of education because we are as silver and gold
• 43:58
  investors, it's so important that we realize what a Minsky
• 44:02
  moment is and the reasons why it could be so important to
• 44:07
  investors in silver and gold. A Minsky moment, this is from
• 44:11
  Wikipedia, is a sudden major collapse of asset values which
• 44:18
  mark which marks the end of a growth phase of a cycle in
• 44:21
  credit markets and business activity.
• 44:24
  Boys and girls, let me show you something.
• 44:26
  We're going to come back and finish on this.
• 44:28
  This is credit, this is debt. That's what they're talking
• 44:31
  about. All this, all these crazy
• 44:34
  numbers, right? The fact that you own $271,000
• 44:38
  as AUS citizen, that is credit market, that is debt.
• 44:42
  According to the hypothesis, the rapid instability occurs because
• 44:47
  long periods of steady prosperity and investment gains
• 44:52
  encourage a diminished perception of overall risk.
• 44:56
  Everybody's asleep, which promotes leverage risk of
• 45:01
  investing borrowed money instead of cash.
• 45:03
  Isn't that what's happening right now?
• 45:06
  Think about everybody's like, oh, you know, it's called
• 45:09
  recency bias. Everybody's like, oh,
• 45:10
  everything's fine. Everything's great, everything's
• 45:12
  been fine. The banks, the banks always been
• 45:15
  safe. The US government has never
• 45:17
  defaulted on its dead boy. So everybody just falls asleep.
• 45:21
  That's the Minsky moment. When the Minsky moment is when
• 45:24
  that's not the Minsky moment. The Minsky moment is when
• 45:27
  everybody wakes up. Wake up, buttercup, right?
• 45:31
  This, this when everybody wakes up, not you.
• 45:35
  I'm not calling you buttercup. Buttercup is a term of
• 45:38
  endearment. But when these when everybody
• 45:40
  wakes up and realizes these are just made out of paper or linen,
• 45:45
  I got chewed out one time by somebody for that dollars are
• 45:48
  actually not made out of paper. But I will continue to say paper
• 45:51
  because that's the generally accepted way to describe, oh, I
• 45:55
  just knocked my elbow into a roll of look at these, one of my
• 45:59
  favorites. Look at these real quickly.
• 46:01
  Let's do a quick show and tell. This is the world's smallest.
• 46:06
  I love miniature things. This is the world's smallest
• 46:09
  silver stack. OK, I got these from pin backs.
• 46:12
  There's a big premium on them. I bought them more not as a
• 46:15
  stacker, but as a novelty. This is actually I'm stacking
• 46:20
  big, big dough here in the basement.
• 46:22
  Let me tell you, hold on here. Hold on, hold on.
• 46:26
  I got to show you this. I don't want to use that.
• 46:31
  I'll use these scissors. What the heck?
• 46:35
  There it is. There's a piece on this is
• 46:37
  great. I'm probably going to spill
• 46:38
  these and regret that I did this, but hold on.
• 46:44
  All right, let's see if I can do this for you.
• 46:46
  Presenting. Oh, boy, I'm shaking.
• 46:50
  That's the world's smallest silver stack.
• 46:55
  These are. And I love these things.
• 46:58
  Hold on here. These are.
• 47:00
  See if I can get it on the camera.
• 47:05
  Wow, I don't know if you can see that.
• 47:07
  Is it focusing? Hold on, those are one.
• 47:09
  That's a 110th oz 110th of an ounce.
• 47:14
  UK Britannia. This damn cameras driving me
• 47:17
  crazy. Anyway, they're tiny, as you can
• 47:20
  see. I just love them.
• 47:21
  That's the world's smallest silver stack.
• 47:24
  Pembacs has them not telling you what to do to me.
• 47:27
  I bought them as a novelty. Some people would say, oh, it's
• 47:29
  great. I could you 110th of an ounce.
• 47:31
  What Well, maybe I can use those to buy a loaf of bread someday
• 47:34
  when the when we're all walking around like zombies and I, you
• 47:38
  know, using our constitutional silver to trade at farmers
• 47:42
  markets. You never know what might
• 47:44
  happen. You never know.
• 47:45
  Did we get another super chat? Thank you, Debbie again.
• 47:48
  Wow, super generous, Jake, super generous Joe super generous and
• 47:54
  and Mark Shanghai. Yes, the price of silver is
• 47:58
  always higher in Shanghai. Man, we got a lot.
• 48:01
  I may come on a little bit later, guys or make a video
• 48:04
  because I got a lot more to talk about.
• 48:06
  Oh, here, here we go This let's go to this real quick.
• 48:09
  Are the big banks, what would it mean if the big bullion banks
• 48:13
  were getting their boomers busted?
• 48:17
  We're going to play a whack a mole.
• 48:19
  This is from The Economic Times of India, OK?
• 48:23
  And oh shoot, this is a what? Gosh darn it, I hate these
• 48:28
  Indian websites. I love India, but these Indian
• 48:30
  websites are madding. Hold on here anyway, OK, the The
• 48:35
  Economic Times of India. Let me see if I can refresh that
• 48:38
  if that'll work. They drive me crazy #1 they're
• 48:42
  nothing but a bunch of pop ups. They had a big article.
• 48:45
  Here's the reality. I can tell you this from from
• 48:48
  memory, the big bullion banks are in big, big trouble, OK?
• 48:53
  They have these mass, this massive short position right now
• 48:56
  they're underwater like by billions of dollars.
• 49:00
  It could that's some people think that's why the COMEX upped
• 49:04
  the margin requirement. OK, on the on the silver
• 49:07
  contracts, those dirty, dirty, I can't cuss.
• 49:11
  That's the family show those dirty people at the COMEX and
• 49:15
  the LBMA that the, that they are the bullion banks that the
• 49:18
  COMEX, the CME is working in cahoots with them to kind of try
• 49:22
  to help save them at this point because they are in such deep
• 49:25
  Doo Doo over the the short positions.
• 49:29
  They had somebody else brought up a fact.
• 49:31
  They sold these contracts, right?
• 49:35
  Are are, are people going to start demanding delivery on the
• 49:39
  COMEX in the LBMA? It's getting very, very, very
• 49:42
  interesting. OK, what about the Fed?
• 49:45
  Let's talk about the Fed really quickly.
• 49:47
  There's a speculation. This is interesting.
• 49:50
  Apparently the United States Federal Reserve has a big
• 49:54
  construction project going on. This is from the Silver Academy
• 49:57
  sub stack. Got a link to that in the
• 49:59
  description as well? Russia in talks with the bricks
• 50:02
  over precious metals exchange week.
• 50:04
  We covered that. US also wanting to add gold to
• 50:08
  its mysterious calculus. OK, here, here we go.
• 50:14
  Gold brings her friend Silver along for fun.
• 50:19
  I love memes and we've got more and more folks.
• 50:22
  The first shot has been fired about the US joining the gold
• 50:25
  wars and the winner will be silver, right?
• 50:29
  So sure, the world is everybody's kind of forgetting
• 50:32
  about this. What does this mean?
• 50:34
  The world is moving to our gold, but silver is like silver is
• 50:39
  like the little twin brother. The little brother.
• 50:42
  Silver is right there. Silver is a monetary metal.
• 50:45
  What that means is as gold goes, silver will follow.
• 50:49
  And you know, the added little kicker bonus that we have is
• 50:52
  that it's like the most useful metal for everything that's
• 50:55
  growing in the world right now. Electronics, healthcare, solar
• 50:59
  energy, whatever. Silver is in a lot of ways from
• 51:02
  industrial side, like the new oil is going to be absolutely
• 51:05
  crazy, but that's not it. This is what we're going to talk
• 51:07
  about. the Fed. Apparently there's a big
• 51:09
  construction project at the Fed. I honestly don't know a ton
• 51:12
  about this, but I've heard this story now reported a couple
• 51:15
  times, and there's some interesting speculation that's
• 51:19
  very important for silver and gold investors to pay attention
• 51:22
  to because it says right here, there's the Fed under
• 51:25
  construction. Jerome, what are you doing?
• 51:30
  Where'd he go? Where'd Jerome go?
• 51:31
  There he is. Based on recent developments, we
• 51:35
  believe that a mysterious portion of the Federal Reserve's
• 51:41
  2.5 billion construction project is dedicated to expanding gold
• 51:48
  storage facilities. Now, look, I'm going to
• 51:50
  emphasize this is speculation, right?
• 51:53
  But I don't think the Fed is really telling us what they're
• 51:55
  doing. The 2.5 billion to include
• 51:58
  silver and gold bar gold vaults. We're going to need a bigger
• 52:01
  boat. This ambitious undertaking this
• 52:05
  is interesting suggests that the Federal Reserve anticipates a
• 52:09
  need for substantial increased gold storage capacity in the
• 52:14
  near future. The scale of the project
• 52:16
  indicates that the Fed may be preparing for a potential shift
• 52:20
  in monetary policy or anticipating changes in the
• 52:24
  global financial landscape that could necessitate larger gold
• 52:28
  reserves. And again, gold is going to
• 52:31
  bring silver with it. This is big news for silver
• 52:35
  investors as well. Big speculation, big
• 52:38
  possibility. While the exact details remain
• 52:40
  confidential, the allocation of considerable space and resources
• 52:45
  to gold storage within this massive construction project has
• 52:50
  sparked speculation about the Feds long term strategies and
• 52:54
  the future role of gold in the US financial system.
• 52:58
  Guys, I got news for you. OK?
• 53:00
  If you live in the United States like I do, right, you're broke.
• 53:06
  Your government is broken, broke financially, fiscally broke,
• 53:10
  broke, broke, broke, broke, broke.
• 53:12
  And no matter what tricks and and and money printing or
• 53:15
  whatever they call it, they're not going to call it cube.
• 53:17
  They're going to come. It doesn't matter.
• 53:20
  The system doesn't work right. It's done in my opinion.
• 53:24
  And it's only now a matter of time.
• 53:27
  They've held it, held it together with like it's like a
• 53:32
  it's like a Ford Festiva with 266,000 miles on it, right.
• 53:37
  They've they've been gluing it together.
• 53:38
  They got Bondo on it. They got, you know, what's that
• 53:41
  stuff called Lucas engine oil treatment.
• 53:44
  But the reality is the fundamentals, it's broke, it's
• 53:47
  done. We could, you know, who knows?
• 53:49
  Is the Fed preparing, possibly right for some type of
• 53:53
  reintegration? Are re?
• 53:56
  What's the word? It's all it.
• 53:58
  It always is integrated. We know extras, pyramid of re
• 54:02
  recognition, a resurgence, a revival, a RE, whatever you want
• 54:08
  to call it, you know, of gold and silver in the monetary
• 54:13
  system in the United States. Gold and silver always, always
• 54:17
  win. OK, real quickly.
• 54:20
  OK, it's time for Ron's real estate roundup.
• 54:23
  Do you own a home? You want to own a home?
• 54:26
  Interesting, very interesting. I was watching one of those
• 54:29
  conservative commentators last night talking about home
• 54:32
  ownership. Did you know this?
• 54:35
  This is crazy and this will show you why you want to hold on to
• 54:39
  silver and gold. OK, that that it takes that
• 54:43
  before, before when, when, when? And this is not a political
• 54:47
  show, but when Donald Trump was president, it took an A salary
• 54:51
  of about on average $75,000 to buy a house.
• 54:55
  Do you know what kind of salary you need today, right now to buy
• 54:57
  a house? 125,000 We are in a bubble real
• 55:03
  estate, housing it no matter where you're joining me from, no
• 55:06
  matter where you, you know, you, you need housing.
• 55:09
  We all need housing. We need shelter and we are in a
• 55:12
  big housing. It's time for Ron's real estate
• 55:14
  roundup. Let's talk about some doom and
• 55:17
  gloom in the real estate market. This is just absolutely crazy.
• 55:21
  This data that's coming through breaking hold on here, breaking
• 55:27
  news guys, breaking US home sales on track for worst year
• 55:31
  since 1995. Look, guys, 1981, this is where
• 55:36
  we are through September. So granted, we still have three
• 55:38
  more months to go. So it's a little bit misleading,
• 55:41
  but unless I I'm reading this wrong, still right now, right,
• 55:46
  guys? I mean the real estate market is
• 55:50
  is doomed Bell. Here's CNBC.
• 55:53
  They say September home sales. CNBC September home sales drop
• 56:00
  to lowest level since 2010 and I wonder why?
• 56:04
  CNBC The median price of an existing home sold in September
• 56:07
  was $400,000. Right back five years ago, that
• 56:13
  number was probably more like what, $230,000?
• 56:17
  Guess what, guys? That's why you want to hold gold
• 56:20
  and silver, right? Because it will in the long run
• 56:23
  keep up with these things. You've all we've all seen this
• 56:26
  example of, you know, a an average house in 1920 cost, I
• 56:32
  don't know whatever it is, however many ounces of gold,
• 56:37
  what would it be 20? I don't know, 200 whatever in
• 56:40
  that today, basically you can get the same house, right?
• 56:44
  The same average house for the same number of Oz of gold and
• 56:47
  actually a little bit more. I saw one thing where said you
• 56:49
  can buy the same house and you can afford to furnish it with
• 56:53
  new furniture and pay for a landscape architect.
• 56:56
  I digress. Wolf St. says demand destruction
• 57:00
  for existing home sales. Sales in 2024 plunge below 4
• 57:05
  million, the lowest since 1995. And they say right here because
• 57:11
  prices are way too high, buyers strike.
• 57:14
  They called it buyers strike. People aren't buying houses
• 57:16
  because those people didn't invest in gold and silver.
• 57:19
  I'm telling you deep end with even mortgage rates at two year
• 57:22
  lows. So think about that.
• 57:26
  Mortgage rates at two year lows and they still can't get home
• 57:30
  sales to pick up. Guys, we are in big trouble.
• 57:33
  Here we go. This is from in gold.
• 57:35
  We trust storing your wealth in gold is superior to storing your
• 57:38
  wealth even in residential real estate.
• 57:41
  This is one of those charts that we talked about and but it shows
• 57:46
  us how gold has even out outpaced right the average part,
• 57:52
  and this is a little foggy looks like it goes back to the 1960s
• 57:56
  nonetheless, right, How the gold price there's a little period
• 57:59
  there, but gold and yellow has totally outpaced the the the
• 58:05
  silver price. All right, guys, hold on here.
• 58:08
  It's going to be crazy, crazy, crazy time.
• 58:12
  Let's go check real quick before we say let's go check.
• 58:17
  Let's go check the US debt clock and see if the dollar to silver
• 58:19
  ratio has gone up even more. We're at 9:33.
• 58:23
  I think that's where we were earlier.
• 58:24
  Still, $933 of Unicorn fart does paper Fiat money being printed
• 58:29
  for each one ounce of silver that's being produced.
• 58:33
  Right, right. We can talk about one ounce of
• 58:35
  silver, but I'd rather talk about the one and only you.
• 58:38
  You're unique, you're special, you have things to offer the
• 58:42
  world. You're nice.
• 58:44
  I can tell you that from all the nice messages I get from all you
• 58:47
  basement dwellers. Feel good about yourself, right?
• 58:50
  Feel good about the timeless decision you've made to provide
• 58:55
  yourself and your family with generational wealth by buying
• 59:00
  precious metals, buying precious metal mining socks.
• 59:02
  Look, I don't have a crystal ball.
• 59:05
  Don't make any financial decisions based on anything I'm
• 59:07
  saying. I do wanna say thank you to
• 59:09
  channel sponsor Pinbacks. Don't forget, right, You want a
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  company that checks all the boxes when you're buying
• 59:15
  bullying online, do yourself a favor and consider checking out
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  in the world's safest vault in the ground in one of the best
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  They are a producing gold and silver mining company.
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  They're producing gold and silver in Latin America.
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  OK and big amounts of gold in West Africa.
• 59:49
  Look, I buy my gold and silver from Pinbeck's.
• 59:53
  I buy my silver. I'm sorry.
• 59:54
  I've never bought any gold from Pinbecs.
• 59:56
  Correct that I bought silver from Pinbecs and I own shares
• 1:00:00
  and 1st mining gold and Fortuna mining.
• 1:00:03
  Please help support the sponsors.
• 1:00:04
  They help support the channel. Please come back.
• 1:00:07
  I'll look forward to seeing you. Don't forget subscribe.
• 1:00:09
  Thumbs up help and I will see you soon.
• 1:00:12
  Thank you, thank you, thank you. And I I'll see you tomorrow.
• 1:00:17
  Bye bye.