Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🌟Silver Price🌟BIG Update and Silver NEWS!... (Gold Price Too)

Transcript

🌟Silver Price🌟BIG Update and Silver NEWS!... (Gold Price Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:03
Well guys, it's been an absolute crazy morning.
0:07
Horrible morning to be invested in the precious metals.
0:10
I'm right here with you. But, but who we going to blame?
0:13
Are we going to blame the Comex? Should we blame the Chinese?
0:18
Or should we blame Susie? What the heck?
0:20
She's not here today. We'll blame silver Susie
0:22
nonetheless. Let's talk about what's going
0:25
on. Let's talk about what we can
0:26
expect for the rest of the summer and quite possibly for
0:30
the rest of the year as well. Hey, it may not be as bad as it
0:34
feels right now. We may have some some things to
0:38
look forward to. And on top of that, I'll share
0:40
with you, I actually wrote it down like four days ago where I
0:45
will consider buying more physical silver.
0:48
Now, everybody's different. Everybody's in a different
0:50
situation. Maybe are you thinking about
0:53
buying some silver today? Let me tell you something good.
0:56
If you are thinking about buying silver today, you're going to
0:59
get it for about a dollar less per oz than you would have
1:02
yesterday. That's what I always that's we
1:04
talk about that, right, guys? Like if you're going to buy
1:07
metals, hold on here, I'm going to put my earbuds in case you
1:10
guys are talking back to me. If you're going to buy metals,
1:17
you know, it never hurts to buy on a down day because then you
1:21
know for sure you're getting a better deal than you did the day
1:23
before. So if you do decide to buy some
1:25
metal today, hey, you can say I could have bought it yesterday
1:28
and it would have cost me a buck more per oz.
1:30
And that's, of course, as if we're talking about silver.
1:34
So who we going to blame it on? The Comex, those dirty Comex, JP
1:39
Morgan? We'll look at some of the data.
1:41
Or should we blame it on the Chinese?
1:43
They seem like a very convenient target lately, don't they?
1:47
Or, or is it just natural market forces?
1:51
Let's let's go ahead and take a look at the chart and see just
1:54
how beautiful it is and the silver price.
1:57
This is a 5 day chart from our friends at Yahoo Finance.
2:03
Wow, look at this guy's. It all happened around 9 O clock
2:07
last night, right when you went Betty Boom boom time, right?
2:10
Right about when we were all snuggling up ready to go to bed.
2:14
They decided, look at the volume down here.
2:17
They decided to to sell an unbelievable amount of silver.
2:24
Wow. It's probably like the
2:26
equivalent of what, like half the year's mining production or
2:30
something like that, right? They can sell it.
2:32
This is electronic silver. OK, go ahead tell me if you can
2:37
touch some electronic silver. We can't touch electronic
2:40
silver, can we? We can touch real silver.
2:43
But look at this. I mean, quite literally from was
2:47
that nine O 5:00 PM Eastern last night through oh, eleven took
2:53
two hours to smash down the price of silver.
2:57
And don't forget. I mean, what's even crazier
2:59
about? This.
3:00
Basement dwellers, huh? I mean, does this feel crazy to
3:03
you? Because it is.
3:05
It's crazy. What was even crazier about it
3:08
all is that like six days ago we were, we were talking about the
3:13
fight to get through $32 silver. Now let's go out to our friends
3:18
at at pin backs and get a, a quote.
3:23
I mean, I don't even want to press the magic button, but we
3:26
will. OK, Now we're only down $1.20 on
3:30
silver, $27.73 gold, down 32 dollars, $2365 per oz.
3:38
It was just six days ago, guys, that we were looking at this
3:41
number. It was what, like $31.50?
3:44
And we, and I was talking about how we could very well be having
3:48
a premature fall rally, right, and a late summer rally in the
3:54
medals when the medals are usually dead.
3:56
Well, they proved me wrong. And I didn't guarantee that, and
4:00
you didn't guarantee that either.
4:02
But they've really proven to us yet again that the summer
4:07
doldrums for the medals are real.
4:09
But I want you to think about this, you know, and maybe you
4:13
did, we always talk about prudent purchases and dollar
4:16
cost averaging, but you could have been buying silver six days
4:20
ago at $31.00 per oz. And today, I mean, gosh, you can
4:25
get it for about $4.00 an ounce cheaper.
4:28
And if you're going to do that, I would just recommend that you
4:31
consider comparing what this company who sponsors Ron's
4:35
Basement Pimbex Pi MB EX, what they can do for you compared to
4:41
the other big online bullion dealers.
4:45
You can check them out for yourself.
4:46
They got great selection, great service, but the prices for the
4:51
exact same products that you can get on the other big online
4:54
bullion dealers, the prices are always, always hard to beat.
4:59
What I like about Pinbeck's as you get more metal for your
5:01
money, and please, please do me a favor.
5:04
If you ever decide to convert part or all of an IRA into
5:08
precious metals, talk to the guys at Pembex.
5:12
Guys that that area in particular is fraught with traps
5:17
and potholes. You, you really want to be
5:20
careful if you're converting an IRA into precious metals.
5:24
Shop around. At the end of the day, compare
5:27
how many ounces of silver, how many ounces of gold, platinum
5:30
that you're going to get when you convert an IRA between your
5:35
different options. And I think what you'll find
5:37
with PMBEX is you might be shocked at what you can get
5:40
compared to some of those other companies who advertise on the
5:45
mainstream media with high price to what celebrity spokespeople?
5:48
Anyway, let's get back to the matter at hand.
5:51
PMBEX is the best. I think that if you give them a
5:54
chance, you'll think that is, well, OK, who are we going to
5:59
blame, the Chinese? Let's go read this quickly.
6:04
Here we go. This is out of Kitco and we'll
6:07
blame the Chinese strong price pressure on gold and silver on
6:11
demand concerns. So they're saying demand
6:14
concerns. Gold and silver are trading
6:16
sharply lower in the early US trading Thursday as worries
6:20
about lessening global demand for metals on this day trumping
6:24
any safe haven demand bids amid keener risk aversion in the
6:28
marketplace. At present.
6:30
Gold prices hit more than a two week low and silver dropped to a
6:34
2 1/2 month low. Man, that happened quick.
6:38
Heavy profit taking and week long liquidation, blah, blah,
6:41
blah. OK, so now they're saying, I
6:42
guess there's some GDP numbers that came out that of course by
6:46
dynamics is great, that was not good for gold and silver.
6:50
But the real, the, what my sources are telling me that the
6:56
excuse they also have to have an excuse for why this is happening
7:00
is fear of, of worldwide economic slowdown and of course,
7:05
specifically the Chinese. OK, now we've got big, big, big
7:10
news coming out tomorrow. Tomorrow was supposed to be the
7:14
biggest day of the week for the precious metals.
7:16
Let's hope in a bad way it's not because we may.
7:19
I'm going to tell you here in a second.
7:20
I've got a list right here, OK, on the other side of the sheet
7:24
that I wrote like six days ago about when I will buy more
7:28
silver. Because if we get, if we get
7:30
disfavorable news tomorrow, excuse me, still fighting off
7:37
this summer cold, but if we get disfavorable news tomorrow,
7:41
right? The big, big news story, the
7:44
PCE, personal consumption expenditures, I think it's
7:49
called. That's the feds favored.
7:51
That's what Jerome Powell, the Federal Reserve watch closer
7:54
than anything. And if that shows that inflation
7:58
is is continuing to March higher, that could be bad for
8:01
the precious metals. Although it's hard after the the
8:05
shellacking that we've received here over the past, what, 6 days
8:10
to imagine that the shellacking could get much worse.
8:12
But it could, right? But it could, I'm suspecting
8:17
that we're going to see further and I don't know, how do you
8:21
feel about it? Like they're going to report to
8:23
us that we've had further progress on the fight on
8:25
inflation, right? I'm sure you feel that when you
8:28
go to the grocery store, when you go to the gas station,
8:31
right? We all feel that.
8:33
But I think that what we're going to get is ABS low
8:37
inflation number. I'll go out on a.
8:39
Limb because we need something I don't wait.
8:42
We need a little something specially a silver investors to
8:45
be optimistic about. I think tomorrow could be a very
8:49
good day for the metals or at least a day where hopefully we
8:53
we stabilize for a little bit. We need to stabilize, OK.
8:58
We talked about this weeks and months ago, right, that this
9:01
summer is tough for the metals. I remember sitting down here
9:05
telling you right four weeks ago, if we can hold $2627.00 per
9:10
oz through the summer, that we could be set up for what I think
9:15
could be a spectacular run sometime around the September
9:19
time frame. It's hard.
9:21
I mean, think there are. So there's so much going on.
9:23
There's so much happening right now, but hopefully tomorrow, you
9:27
know, it's, it's you, you know it, I know it.
9:31
It's a bunch of BS, but hopefully the BS numbers that
9:35
they put out on the personal consumption index are going to
9:37
show us then inflation slowing down.
9:40
The market will think that means all the Fed can cut rates. the
9:43
Fed can cut rates and we'll be in for some better times, at
9:46
least some stability in the precious metals markets.
9:51
That's all. I have a drink of coffee.
9:52
I'm going to put up the hold on here guys.
9:56
Comments. Oh, oh, Oh no, I screwed
9:58
something up. Oh boy, bear with me.
10:01
Sorry guys. How do I do what happened here
10:06
well? OK, if somebody gave me a super
10:09
chat, I apologize. Here we go.
10:13
Comments. Why is that not working?
10:16
Uh oh. Well anyway, thank you guys all
10:24
for being here. OK, we're going to keep going.
10:26
Somebody gave a super chat. For some reason they're not
10:29
showing up properly today. Are we going to blame?
10:37
So are we going to blame? Are we going to blame the Comex?
10:40
Are we going to blame the the Chinese?
10:42
Right? I don't know.
10:44
Let's go check. Let's go check on what Silver's
10:47
doing in China. It's our daily check with the
10:49
Shanghai Ghost, Oriental Ghost. I apologize.
10:52
I always say that wrong. So over and wow, over in China
10:58
last night, Silver that's AG closed down 6, almost 6%, $31.05
11:07
on the Shanghai Gold Exchange, On the Shanghai Futures
11:10
Exchange, excuse me, we had gold close at 31 tenth.
11:16
So we're about $31.00 over in China.
11:20
And let's go back again one more time here and see we're going to
11:25
do some investigative work. So we're 31 in China and we are
11:30
at, let's say, 28. There's still $3.
11:34
Still 1010. I'm sorry.
11:35
Yeah, 10% above us. Wow.
11:38
What the heck is going on? So tomorrow's the PCE.
11:42
When will I buy more silver? Here we go.
11:45
Let's get to that. OK, Look, everybody's different,
11:49
OK? What we know right now for sure
11:53
is that you can buy silver for about $4.00 an ounce, $3.00 an
11:57
ounce cheaper then you could have let's say six days ago.
12:00
If you bought 6 days ago and you took all your money and piled it
12:04
into silver. I never recommend that, right?
12:07
I recommend steady dollar cost averaging or just you know,
12:13
small purchases. I think I know Mike at Pinbeck
12:16
says something like, you know, make make prudent, reasonable
12:20
purchases. Don't you know, most people that
12:24
I know that I respect will not recommend doing everything all
12:28
at once. That could work out great for
12:30
you. It could not.
12:30
But but one thing we know for sure, you can buy it today $4.00
12:35
an ounce cheaper than you could have six days ago.
12:38
I wrote this down about six days ago, right when the silver
12:42
market started to break a little bit and I, I got the itch right.
12:46
Should I buy? Should I buy excuse me in the
12:51
first? So I wrote this down that I
12:53
would buy if the price hit the following three levels.
12:57
The first one I wrote down was I'm not going to show you them
13:01
all 202650. And honestly, I thought it would
13:06
never. Get there.
13:07
OK, because I don't need to buy more silver.
13:10
I've bought. I've been buying silver for 20
13:12
years. Trust me, I have enough silver
13:15
coin. Chef Chris will always razz me.
13:16
You should buy more silver. Buy more.
13:18
You know, I'm like I'll. Buy a you know.
13:20
I'll buy it if I find something neat that I like.
13:24
I'm a stacker. I like, you know, 10 oz bars.
13:27
I keep it at an off site location.
13:29
I like bars. I like sovereign coins, the
13:33
Krugerrands coins that I can get that are as close to spot as
13:36
possible. I was always about the most
13:39
metal I could get for my money, which is why I fell in love with
13:42
Pembacs. OK, but so now I was just I
13:46
don't want to say I was, I was kind of dreaming when I wrote
13:49
this down. I thought, but if prices were to
13:51
get the 2650, I'll buy then. I said that I would buy another
13:56
tranche at this level, $25. OK, again, I I swear on anything
14:06
that I wrote this six days ago thinking, oh, that would never
14:09
happen. That kind of seems like that
14:10
could happen right now. I don't think that it will, but
14:14
it's definitely much more possible now than it was, let's
14:17
say a few days ago. And the final number I wrote on
14:19
there, and I'm going to tell you right now, $22.00, which I've
14:24
said many times, if we hit $22.00 silver here in the next
14:28
six months, I don't think that's going to happen.
14:31
But I'm going to warn you, the basement is going to look much
14:34
more bare because I'm going to sell everything I have to buy
14:37
silver. Watch out.
14:41
OK, so I'll keep you posted if it, if it gets to 2650, I'll
14:44
probably buy some Krugerrands right now.
14:47
Let's run out. Let's go see what Krugerrands
14:49
are doing. I'm just curious in inventories
14:52
and things available change all the time.
14:54
So I'm taking a little bit of a risk, but let's go out to pin
14:58
backs and see what Krugerrands are doing right now.
15:02
OK, and there's that. Where'd I go?
15:06
There we are. OK, so Krugerrands $30.00, So
15:12
what $2.50 over spot. So this is how I would shop,
15:16
right? The next thing then that I would
15:20
look at because they often have a, a lower premium might be a
15:24
Britannia. Looks like we got more
15:27
Britannias there, OK, And you can get Britannia random years
15:31
$29.00. So I might actually skew more
15:33
toward that, right? Because to me right now, right,
15:39
I can buy these Britannias and get one.
15:41
OK, so that's if you buy 500 with cash.
15:45
But I can buy a Britannia coin today, right?
15:49
Even if I buy let's say 20 of them, 25, I don't know how,
15:53
forget how many come in a tube. I would have checked that out,
15:56
but for a lower than what the spot price was six days ago.
16:00
So anyway, that's my thinking on silver right now.
16:05
You know, some people are just starting the stack.
16:08
I would just consider, you know, a continuing your dollar cost
16:11
averaging. I think the fundamentals for
16:15
silver are absolutely still there.
16:18
I mean, come on man, come on, think about what's going on with
16:21
India, right? I mean, remember this big news
16:25
it broke yesterday? Here's the Silver Academy's take
16:28
on it. India, the second largest
16:30
consumer of gold and silver. I disagree with that.
16:34
I love John Little. I'm just, I'm joking when I say
16:36
this, but I have designated India as the precious metals
16:40
capital of the world. How can we not?
16:43
Indian households have 25,000 metric tons of gold.
16:47
Indian grandparents, did you know this?
16:50
Indian grandparents tell their little great Indian
16:52
grandchildren. They tell them.
16:55
You should you should you should own your your body weight and
17:00
silver. OK import duty slashed by 60%.
17:04
They were. 15% for gold and silver, now it's 6%.
17:08
I'm glad it clarified that 'cause I was thinking about this
17:11
earlier, that was it. Just gold.
17:13
They did that for or did they do it for silver as well?
17:16
And they did do it for silver as well.
17:19
India instituting a silver squeeze.
17:21
Shanghai vaults will be drained. This will be interesting guys.
17:25
And that's a great point that John brings up there at the with
17:28
the Silver Academy, how from a physical purchase perspective
17:33
are the Indians and the Chinese think if you're in India right
17:37
now? Excuse.
17:43
Me, if you're in India right now, you're already crazy about
17:46
silver and gold. Now your government just
17:50
slashed. I love this graphic.
17:52
That's great. The duties by 60% on silver and
17:57
gold. You already love silver and
17:59
gold. You've been brainwashed by the
18:00
truth. So that's really not
18:02
brainwashing. But since you were a child, that
18:04
silver and gold hold their value.
18:05
I know a lot of Indian people, they all say the same thing.
18:08
They all get it. They're like you and me.
18:11
So let's back up. You and me were were, let's be
18:15
Indian people, India living in India.
18:17
We're Indian people. We're in Mumbai.
18:19
We love gold and silver. We've been paying these crazy
18:24
duties or 10 taxes or we've been or we've been forced to buy.
18:27
They smuggled a lot of gold and silver in India and you know,
18:31
we're borrowed. We were forced to buy gold or
18:32
silver that might have been, you know, stuck up somebody's you
18:35
know what and smuggled into the country or whatever, right?
18:39
Anyway, now, now they've cut these taxes significantly.
18:43
All right, And remember, Grammy and Grandpa told us that we
18:46
should own our body weight and silver, so they cut the duties
18:50
significantly. But wait, there's more.
18:53
Now we're what? What?
18:54
What? What?
18:55
What else is going on? Yeah, that's right.
18:58
The price of silver has been smashed.
18:59
Down if you're an Indian person, you're going to run out and buy
19:02
yourself some silver. There's no other there's no
19:06
other way around it. And the jewelry, that's the
19:09
other thing to consider with the this shows you how big it was
19:13
that the the jewelry makers in India, because a lot of Indians
19:18
do their gold investing through gold jewelry.
19:21
They buy gold jewelry. So this is a big deal.
19:24
OK, This is a big deal. What's going to be really
19:27
interesting about this is to see what happens on the Shanghai.
19:32
I did it once. Gold exchange.
19:35
OK, are are the Chinese and the Indians going to be just taking
19:40
total advantage of this paper smash?
19:45
Remember they did it while we were all sleeping right?
19:48
They waited till we felt the oh we all fell asleep last night
19:50
and then then a paper market Unicorn fart dust make believe
19:54
silver world. They smashed the price down, the
19:59
Chinese and the Indians might say.
20:00
Sure. Yeah, that's great.
20:01
We buy, we want, hey, we'll buy it, we'll buy it.
20:04
So it's going to be really, we're going to keep a close eye
20:06
on that. What do you think?
20:07
All right, let's put two and two together.
20:10
Remember, we were living in Mumbai.
20:11
We're going to go out and buy some silver.
20:13
Mumbai. We're going to Mumbai.
20:18
We're going to Mumbai. Me and you.
20:20
I love Indian people. I do not like Indian food, no.
20:23
Offense It's the like, I love all food.
20:26
I've never developed a fondness for food.
20:28
The other type of food that I don't like is North African
20:31
food. My neighbor from North Africa.
20:33
And then they I'm like, I just, I don't get it anyway.
20:36
And that's fine. And I understand people love
20:38
Indian food. My neighbors are at the pool the
20:40
other day and they're like, oh, we got Indian food.
20:41
And I'm like, but I get it. I mean, a lot of people love it
20:46
and nothing. I'm not putting anybody down
20:47
that likes Indian food. I just cannot stand it.
20:52
OK, when will I buy more silver? So yeah, I'll keep you posted.
20:55
OK, If we get 2650 silver and I don't tell you guys about some
20:59
silver I bought, you can unsubscribe and not like me
21:03
anymore. But for now, I'd really
21:05
appreciate it if you did something nice, gave this a
21:07
thumbs up. Like the channel that helps a
21:10
lot. And you can subscribe that's
21:19
free. OK.
21:22
Oh, Newmont. OK, now let's talk about some
21:24
good things. All right, some of us some good
21:26
things going on. Newmont Mining could think about
21:29
this. Could we be in AI want you?
21:31
What do you think? Could we be in a situation where
21:34
if the gold miners start to produce unbelievable amounts of
21:41
profit and cash? Flow.
21:43
That Wall Street is forced to pay attention to the gold and
21:48
silver sector. OK, not just the miners, but as
21:52
Wall Street starts to pay attention to the gold and silver
21:54
miners, right, because of unbelievable profits that start
21:58
coming through, that'll also put more focus on to the metals
22:04
themselves. That may say, oh, yeah, we kind
22:05
of forgot about gold. I remember right when I first
22:08
got into the business, people put 5% of their money in gold.
22:12
Well, let's look at what Newmont happened with Newmont last
22:14
night. Because hey, there he is.
22:20
Everybody say hi to Neils. We love Neils.
22:23
Great guy at Kitco. I don't know him personally but
22:26
my I really have always liked Neils.
22:28
Newmont Generates only $594,000,000 in free cash flow
22:36
in Q2. Let me tell you guys, I'm going
22:38
to educate you quickly on something.
22:40
When it comes to numbers that you see reported by businesses,
22:45
cash flow is king. OK, that shows how much cash
22:48
actually came into the company. How much?
22:52
Cash they generated. Like when the banks report
22:55
earnings when any big company, the GAAP gap generally accept.
23:00
I have a degree in accounting. I work for one of the big four
23:02
firms. I know what I'm talking about.
23:04
Those those earnings numbers that you see are like Disneyland
23:08
accounting, especially the banks.
23:10
It's like it's not even worth looking at them.
23:12
It's it's BS. OK, cash is king.
23:15
Cash shows how much cash. Excuse me, the company generated
23:21
during the quarter, all right, it's like you're checking
23:23
account book based basically and and Newmont's checking account
23:27
book went up by 500, almost $600 million guys, that is huge and
23:33
they are the world's biggest gold producer, OK, continues to
23:36
fire on all cylinders as robust production and higher gold
23:39
prices, OK, This all has to do with higher gold prices.
23:44
All right, and here we go. Meanwhile, Newmont said that the
23:50
average realized gold price in the second quarter was $2347 an
23:55
ounce, up from 2090, so in the second.
23:59
Quarter, they sold gold at a price which was actually lower.
24:03
I think. Let's go check.
24:05
Let's go make sure here. Let's go make sure. 2361 But
24:14
let's press the magic PMBEX button.
24:16
Maybe someday they'll put like a Ron's basement magic button on
24:19
there. We can press guys.
24:20
What do you think? OK, still we're at 2364 dollars.
24:25
Newmont sold gold. Yeah, at a lower.
24:29
Price in the second quarter, right?
24:31
And now we're what almost all the way through July and I think
24:35
the average price, what this means is they generated all this
24:39
cash because because they were selling gold for and it looks
24:43
like on average about 200 and. 50.
24:46
Dollars per oz more in the second quarter than they did in
24:49
the first quarter. This is huge.
24:51
And this is not just Newmont that's going to have this going
24:54
on, OK? It's all of the gold mining
24:58
companies that are producing are going to be making huge profits.
25:01
Wall Street will be forced to pay attention and they will pay
25:05
attention. Hold on, guys.
25:12
Somebody's texting me like crazy.
25:16
And. Yeah, All right.
25:19
Nothing important. Susie's at her mom's house.
25:21
I'm like the single dad this morning.
25:23
So I get a little bit paranoid when the when the when the
25:26
phone. So that could be a good thing
25:28
right now. What else is going on?
25:32
You know, and all this is, is, is been happening before this
25:36
crazy price action that we're seeing today, but there's some
25:39
other interesting developments in the global gold market and I
25:43
want to draw your attention to this.
25:46
This is a chart from Bloomberg with sources Bloomberg's OK
25:52
Bloomberg's global gold ETFs saw inflows.
25:56
Two months in a row. OK, this shows, let's go back to
26:03
June of 2023, right? Look at June of 2023.
26:07
Look at all the outflows of money that the the Blues, North
26:12
America, the green is Europe, pink is Asia, and the light blue
26:16
is other. OK, look how last year all the
26:21
way through December, we had some pretty major outflows into
26:23
the ETS. And again, the ETS are in theory
26:27
supposed to be forced to buy physical metal.
26:29
When there's money going into the ETS, they're forced to buy
26:33
physical metal, which supports the price when there's money
26:36
coming. Out of the.
26:37
ETFs, they're forced to sell metal, which puts downward
26:40
pressure on the price and that's what we saw all last year until
26:44
the last two months where we began to see a net inflow.
26:52
OK, now what's heartbreaking, and that's where the red boxes
26:56
here, what's heartbreaking is that dark blue part down here,
27:00
North America. Still was negative.
27:03
But overall, on a global basis, we're seeing inflows into the
27:09
ETS. And like we talked about before,
27:11
guys, this is not necessarily just an American, North American
27:16
market anymore. The gold market is universal.
27:19
The silver market is universal, right?
27:23
I know you're probably like me. It's easy for us to forget.
27:34
That there's a great big world out there and gold is unique.
27:37
It's like oil, right? It's universal.
27:40
It's like water. It's universal.
27:43
We can talk about the market for the dollar, the ruble, none of.
27:46
Those are is universal. They might be big, they may be
27:49
huge, but none of them are as universal as the gold and silver
27:53
market. So what goes on on a worldwide
27:55
basis that wouldn't that would it make sense to us that that
27:59
would have a big impact on the market on on the value of the
28:03
metals, right? I mean, not to mention the fact
28:07
that they're timeless and everything else.
28:08
Hold on for a second. I need to blow my nose.
28:12
Hold on man, I have not been sick in
28:24
like 2 years and I have the worst summer cold that I think
28:28
I've ever had in my life. So I apologize and I appreciate
28:31
you sticking with me as, as we, as we get through this.
28:35
So we got a few more really interesting things to talk
28:37
about. Congratulations.
28:39
Hey, we need to be congratulated.
28:41
I think 70% of you on average are from America.
28:45
We're, we're about ready to accomplish something very big,
28:47
my fellow Americans, very big. You know what it is?
28:53
Yeah, You know what it is? It'll be happening here in just
28:55
a few days. Yes, as we look up here in the
28:59
upper left hand corner of the US debt clock, we are now at 34
29:03
trillion, 962. What would that be?
29:08
Billion dollars, guys, we're going to hit 35 trillion here
29:12
soon. What I hope, do you feel this
29:13
way? You know what I hope is that
29:16
when we hit that number, when we hit that 30. $5 trillion level
29:23
that there's some more attention paid to what's going on that the
29:29
mainstream media. Starts to pick up on this
29:34
situation in this country because look over here if you're
29:38
a taxpayer in this country right, you basically own you owe
29:41
don't own you owe 267,267 thousand dollars.
29:47
Wow, somebody needs to whisper that in Joe Biden's ear.
29:51
OK, just if you're a normal citizen, I guess that would
29:55
include my my little daughters, twin daughters who are I think
29:58
still sleeping upstairs. Oh, that's combined $207,000.
30:05
It's really crazy we need this This is why we own silver and
30:11
gold. OK, that and when we go over
30:14
here just to do our daily, it's going up.
30:16
Wow, hold on here, Look at this guys.
30:22
It continues the dollar to silver ratio now at 260.
30:27
Yeah, we're going to round up, but it is going up and up again.
30:32
That number compares OK the year over year increase in dollars
30:38
printed money supply to. The amount of silver that is
30:43
produced every year. So for each one ounce of silver
30:46
that's produced, there's 260 U.S. dollars printed or created
30:51
and over A5 year period. It's crazy.
30:54
OK, OK. And you can read it right up
30:57
there at the very top middle, the five year average of the
30:59
yearly increase in the USM two money supply.
31:03
OK, so that's the money that's printed bank.
31:06
You know, there's money, the actual money supply out there
31:09
divided by the yearly production.
31:12
Of silver in oz wow wow that is just I mean unbelievable and of
31:18
course the paper to silver ratio still hovering at 403 that.
31:22
Means for each one ounce of silver that's produced, there's
31:26
400 paper contracts created every year.
31:31
So congratulations, my fellow Americans.
31:33
We're reaching new. Highs in debt, Absolutely crazy.
31:38
And then how do we know are you? Are you, are you feeling it?
31:42
Are you feeling like financial stress?
31:45
Are you feeling? That things aren't so good out
31:49
there in the economy despite because we've been being they've
31:52
been gaslighting us OK it's been like 6 days since I've shown her
31:57
I think she needs a little sunlight let's.
31:58
Get her out right. I got to stop saying right so
32:04
much. If I say right and somebody
32:05
count how many times I say right, it's bugging me her.
32:10
If we believe her, everything's we need to be happy.
32:16
Everything's great in the economy, everything's wonderful.
32:20
You know, you don't have to worry about the national debt.
32:23
Well, it's a little bit of a problem, but as long as we deal
32:26
with it sometime in the future, we'll be OK.
32:28
That's what she's talking. But what if you, what if you're
32:31
just an average American? I'm average.
32:34
OK. Are you average?
32:36
Do you feel? I mean, you're exceptional, no
32:38
doubt about it. All of you basement dwellers are
32:41
absolutely exceptional people. No, no doubt about it.
32:45
But we're I'm an average guy. I'm not super wealthy.
32:48
You know, we don't have any debt.
32:50
I am lucky. I guess that makes me on
32:52
average, but still I'm trying to raise a family.
32:54
Susie doesn't work. You know, we're living off what
32:58
I earn, a little job that I do a a wonderful job I have in the
33:03
evening that I've been doing for 16 years, the best job in the
33:06
world. I love it, but it's not a high
33:08
paying job. I can walk there from my house
33:11
there. I'll tell you more about it some
33:12
other time. Best place in the world where I
33:14
get to work at night, wonderful people, everything else, but it
33:18
doesn't pay the bills, brother. It provides health insurance and
33:21
a little bitty paycheck because when you try to get health
33:24
insurance for a family in this country, that's a whole
33:26
different discussion. But do you feel?
33:29
It right and I'm and then whatever little bits that I make
33:32
from this channel, it's it's it's it's interesting right now
33:36
and let's go let's look at this is this is scary.
33:40
This is scary. This is what our politician.
33:44
This is what our friend uh oh, wrong.
33:48
There we go we're back. Hopefully I didn't lose you
33:51
guys. Oh no, here we go.
33:55
Here, look at this. Do you hold on?
33:57
Here, let me ask you something, Basement dwellers.
34:01
Do you sometimes feel like this? I do.
34:05
I'll be honest, you know. Yes, I do.
34:07
Do you feel like that? Anyway, this is from Zero Hedge,
34:11
the percentage of Americans that worry.
34:15
They won't be able to pay their bills is higher than it was
34:20
during the Great Recession. Now, the first time I read this
34:25
and added it to my show notes, I said the Great Depression.
34:28
So I want to make sure you don't make the same mistake.
34:29
And this is it's worse not than the Great Depression.
34:32
It's worse than the Great Recession.
34:34
OK, which was what happened in 2008.
34:38
Excuse me, do you remember how painful the Great Recession was?
34:43
The years 2008 and the years immediately following we're a
34:46
dark chapter in our history, but a new study has actually found
34:50
that the percentage of Americans that worry they won't be able to
34:54
pay their bills is actually higher today.
34:56
Hold on here. OK.
35:00
Hopefully you guys can still hear me.
35:01
Are you still there, basement dwellers?
35:03
All right, according. According to ACNN poll that was
35:08
just released, almost 40% of all US adults say they quote, say
35:14
they worry, say they worry most or OK, they worry most or all of
35:21
the time that their family's income won't be enough to meet
35:26
their. Expenses most or all of the
35:32
time. That sounds like me.
35:33
I thought I was the only person that did that.
35:35
How about you? Do you do it?
35:37
Do you worry about, you know, well, a lot of you guys are
35:40
older than me. I know.
35:41
And there's more. There's data about that 'cause
35:43
it's really shocking. To see to.
35:45
Hear how it how the level of worry is different amongst the
35:49
different age groups. All right, let's go down here.
35:56
Ordinary Americans from coast to coast are being absolutely
35:59
crushed by rising prices. And that isn't going to change
36:03
anytime soon. It says here, for example, other
36:09
recent surveys, OK, for example, one discovered that a whopping
36:12
71% of Americans are stressed out about their, quote, UN
36:18
quote, ability to afford everyday expenses.
36:22
All right, Americans most regularly spend money on
36:25
groceries, phone bills, utilities, gasoline.
36:29
I like to say it that way. Gasoline.
36:31
Gasoline. You know what my mom says and
36:33
she might be watching right now? She's going to kill me for
36:36
saying this. My mom and dad are wonderful
36:38
people, but they don't call. We call them gas stations here
36:43
in Saint Louis. What do you call them?
36:44
People are from all over the world, but my mom calls.
36:48
She says we need to go to the filling station.
36:50
The. Filling station, the filling
36:52
station. I always give her a hard time.
36:53
I love her. It's great.
36:55
I love that she says that, but she always says filling station.
36:59
And she doesn't go to the, she goes to the movies.
37:01
They go to the movies anyway. And rent and mortgage payments.
37:03
So, yeah, Americans can't, you know, we just can't afford
37:07
groceries, right? that Lady yesterday said, you
37:09
know, I can't even feed my family regular food 'cause I
37:12
can't afford it. Grocery bills frustrate
37:16
Americans more than any other expense.
37:18
Utilities, utilities, rent and mortgage payments, gasoline and
37:23
insurance payments round out the top five most annoying expenses.
37:28
Well, you don't have twin 12 year old daughters like I do.
37:31
I still feel like I'm always either give either giving Google
37:34
or Microsoft some money for some type of membership or game thing
37:39
that they're doing. But that's, that's besides the
37:41
point. Unsurprisingly, younger
37:43
generations are being hit particularly hard.
37:46
Are you So Oh boy, I guess if you want to be young, you got to
37:50
really feel like you're being hit particularly hard right now.
37:54
Listen to this. Financial stress levels are
37:56
highest amongst millennials, 77%, followed by Gen.
38:01
Z 75% and then my generation I'm Generation XI think from 5474%.
38:08
Those darn baby boomers, man. I know a lot of you guys out
38:11
there and, and women are baby boomers and we love you, but
38:15
man, you had it made right. You were born right after the
38:18
United States conquered the world and everything's awesome.
38:23
Good for you. It's not your fault you were
38:25
born then, so I'm happy for you. But baby boomers reported
38:29
experiencing the least financial stress, although almost 60% OK
38:33
or still more than half of those surveyed.
38:36
Think about where, where, where do you fit in there?
38:38
Are you stressed about money? I'd be curious.
38:44
Put it in the comment yes or no? Are you?
38:47
I I'll say yes here. I'll I got to put my money where
38:49
my mouth is. Put my mouth where my money is.
38:53
Where's the comments? Over here.
38:55
You guys, can you see me? I'm down here in the corner.
38:59
Here. Let's go back here.
39:00
I'm sure you're just dying to see my fall.
39:03
There we go. Are you stressed about money?
39:05
I'm going to say yes. It's OK.
39:11
OK. Let's go back and oh, then I got
39:14
some. You're not going to believe
39:16
some. Unbelievable.
39:17
Our friend Tucker sent this over.
39:19
Yeah, that Tucker, the real Tucker sent over some
39:24
unbelievable pictures. You're going to this will blow
39:27
your mind. Today, the typical household
39:29
spends about 12% of their total income on food and about 33% on
39:34
housing. Yeah, welcome to America.
39:39
It really is become this country really it's become like a modern
39:43
form. And I'm not in any way
39:44
minimizing what slavery of different previous generations,
39:50
but it's really become for a lot of Americans like modern day
39:53
slavery. I mean, if you're just working
39:56
to barely eat and, and get and get and get some shelter and
40:02
some maybe some decent health care, that's all you're doing is
40:06
working all the time, 60 hours a week to make that happen.
40:09
Doesn't that sound like slave? I mean, that's like a form of
40:11
slavery in my opinion, but I digress.
40:15
Meanwhile, homelessness homelessness in the United
40:18
States is at the highest level ever recorded and has been
40:23
growing at the fastest pace ever recorded.
40:28
I really apologize. I keep coughing, guys.
40:30
I trust me, I wish I wasn't. It appears to be inevitable that
40:33
all of these economic, all of this economic pain will have a
40:37
dramatic impact on the upcoming election.
40:39
At this point, approximately three out of every five
40:43
Americans believe that we are in a recession right now.
40:47
Do you think we're in a recession?
40:49
I think we're in a recession. No, what I mean, they're like
40:52
they're in, they're so confused. They're so confused.
40:56
You know, Janet Yellen is just, she doesn't understand.
40:59
I've heard him say like, we don't understand why Americans
41:01
aren't happy about this is the greatest economy ever.
41:04
We're doing great. Joe Joe Biden created 16,000,000
41:08
jobs. We have that 16,000,000 jobs
41:11
that that deliver Burger King to drunk college students with
41:14
DoorDash because of the people that had to take those jobs, had
41:18
to do that just so they could afford to buy some food
41:21
ingredients from the dollar store, which isn't a dollar
41:24
anymore. It's $1.25.
41:26
Yeah. No, I mean, look, look here, let
41:30
me let me tell you the reality. I don't know how you feel about
41:32
this. Are and are you?
41:34
I mean, if you noticed, do you have any friends that are in
41:37
like the top 2 to 5%? I do.
41:40
They're doing great. They're going to Italy, they're
41:43
going to Germany, they're going to Europe.
41:45
They're, you know, they're living large.
41:47
They're going out to eat, right? Because, yeah, because the top
41:50
234 percent, they're doing awesome.
41:54
But guess what? There's another 97% of people.
41:58
And within that 97%, there's like another 60 percent, 50%
42:04
that can barely make ends meet. So, I mean, do you know any of
42:09
those people? I do, right.
42:11
And, and people will be very, I think when they answer these
42:14
surveys, they'll be very honest. But out in public, you're
42:17
getting the best version of everybody's life.
42:20
That's the way Americans are. We're, we're, we're, we're
42:23
taught. Do you know that in Europe?
42:24
They laugh at us? They do.
42:28
They laugh at us, especially the Germans.
42:31
They're like, what is wrong with those Americans?
42:33
And I'm not, I'm not putting America down, but they're like
42:36
Americans always make believe everything's great.
42:39
Ask them how they're doing. Oh, I'm doing great.
42:41
I'm doing great, right? I mean, So what you're seeing
42:43
out there, right? Like when you see that that
42:47
person driving that Nissan Altima down your street right
42:51
there and they're doing great and they wave at ya right there,
42:54
2023 Nissan Altima. What you don't know is that they
42:58
can barely afford the payment on that Altima that they're paying
43:01
12% interest on, they can barely afford insurance on it, and they
43:05
sure as heck are having a hard time putting gasoline.
43:07
In it at the filling station. The filling station mom.
43:12
Yeah, You know, that's the reality of what's going on.
43:16
That's the stark, stark reality. And I'm not, you know, I'm just
43:21
what this all leads to eventually, OK, is a big
43:28
problem. And we're just going to go for a
43:30
second because I know it's overwhelming.
43:32
I don't want to overwhelm us. We don't want to be overwhelmed.
43:35
But it's a big problem with this, right?
43:37
And all these other numbers on here that are just untenable.
43:41
They don't work. And then on top of that, OK, you
43:45
got the American economy and we are you and me, right?
43:50
We're the backbone of the economy.
43:52
We're the, it's a consumer based economy, right?
43:54
That's what we're told of you couldn't American consumers, the
43:57
strongest in the world or consumer, Well, guess what?
44:01
The American consumer is dying, dying on the vine right now.
44:06
It's happening, right? They're shriveling up.
44:09
OK, go ask, go ask anybody that deals with everyday Americans.
44:14
Ask the guy at the auto repair shop.
44:16
Ask the guys. They'll, they'll, they'll tell
44:18
you what they tell me. They're like, people are dying
44:22
in the United States. You know, it's, it's, I mean,
44:25
look at that. Look at that data.
44:27
I mean this picture. Let's go back and look at her
44:31
again. That's all.
44:34
You know, I think we need to tell.
44:35
Oh, I got some good news for you guys, too.
44:36
Darn it. I almost forgot.
44:38
A couple of things are good news.
44:41
That's America, right? That's a lot of Americans.
44:44
That's that's 50% of Americans. All right, let's go.
44:50
We got to talk about a couple fun, exciting things.
44:55
Oh, man. Yeah.
44:56
OK. All right, here.
44:57
Let's go. Let's look at this from our
44:59
friend Tucker. All right?
45:01
He sends me stuff on a regular basis.
45:03
So thank you, Tucker. Wait till you see this guys.
45:05
This is what we could be heading for in the United States.
45:08
You know, I'm always trying to bring you the breaking
45:10
up-to-the-minute news. So I've got this article here
45:13
from the 20th of August 2018. I wanted to get it to you before
45:17
it was officially six years old. No, but it's on a serious note.
45:21
This is interesting. Remember what happened in
45:24
Venezuela? Remember what happened to the
45:26
price of silver in Venezuela? Remember we used to have a lot
45:30
of fun on the channel? Oh, man.
45:33
Hold on a second. Remember.
45:36
Yeah, she's going over here. But let's look.
45:39
Let's see if I can find it quickly.
45:41
Stay with me here, because we want this.
45:43
This is my pile of. There's the wedgie dollar to
45:48
gasoline. Oh, darn.
45:51
Is this it? Well, this this is Argentina.
45:57
Darn it. I thought that was going to be
45:58
Venezuela bear market bull market.
46:02
Hold on, I'm going to look through one more time so guys
46:05
see if we can find it Tower, this is it banks historical
46:16
there's the old wedgie. We might be back in the wedgie
46:20
with silver. Right?
46:25
Shoot. Argentina.
46:30
Wait a minute. Oh, here.
46:32
Is this it? Here it is.
46:34
We found it. Thank you for those of you who
46:36
stuck with me back in the day. Yeah, hold on here.
46:43
All right, here we go. I got something to show you
46:45
guys. Right.
46:46
We all know Argentina had this. What am I going to do with her?
46:50
I'll put her over here. All right, here we go.
46:53
We all know Argentina had a horrible not Argentina,
46:57
Venezuela. Argentina too, but Venezuela.
47:00
I've never been. I've never been to Venezuela.
47:02
But where I work at night, there's a Venezuelan cleaning
47:05
crew. Mama, you.
47:06
I've showed you her before. She's in her 70s.
47:09
And her son, who looks like he could smush me with his hands.
47:14
This guy's so big, but he's so cool and so nice.
47:17
And his wife, all three of them come to clean the building.
47:19
And they always give me a hug. And they, you know, we kind of
47:22
speak Spanish, Spanish, Spanish, English.
47:26
They love silver and gold. Now, I always have a piece of
47:28
silver with me, and I always show it to him.
47:30
And I forget what they call it, Oro or I don't know.
47:33
But trust me, they lived through this.
47:36
OK? Venezuela had an unbelievable
47:41
currency collapse, and let me tell you something I know the.
47:44
United States is bigger, United States dollar blah blah blah
47:47
blah. At the end of the day, at the
47:49
end of the day, OK, the United States will and I asked, I got a
47:53
an interview with Rick Rule that'll come out tomorrow.
47:56
I asked him about this. I said, at the end of the day,
47:58
is the United States subject to the same laws of mathematics as
48:03
let's say, Venezuela or Argentina, Right.
48:06
I think we are right. Mathematics shows no forgiveness
48:12
on the altar of truth. That means, in the end, you can
48:15
only manipulate stuff for so long.
48:18
Does that make sense? Right.
48:20
You can only, only, only say, you know, manipulate your
48:24
checkbook or manipulate whatever, right?
48:26
It only goes on for so long. So here's here's a here's a
48:29
chart of the silver price per oz in Venezuelan bolivars.
48:34
OK, it went from this says 36 to 10,000 and four months, four
48:43
months, yes, I want you to look at that for a second.
48:48
Hold on. Here we are.
48:50
I think you can hold on. Let me get rid of this banners
48:55
end. Thank you to all our sponsors.
48:57
Don't forget, check out First Mining Gold and our mining
49:01
sponsor here they are Fortuna Mining and 1st Mining Gold, OK,
49:11
both great companies. All right, now this is the
49:14
chart. Look at this guys, OK, this is
49:17
the price of silver in four months, OK?
49:22
It went from 36 bully bars all the way up to 10,000 bully bars.
49:28
That's a 27,000, 700 percent, 27,000% increase.
49:36
OK, silver, silver, silver. Now let's look at these
49:41
pictures. Let's get back to this.
49:43
Is this then this shows you what happens when this occurs.
49:47
Never could happen in America. Never.
49:49
Yeah. Yeah.
49:51
Every paper currency ever created.
49:53
And then do you know that? Do you agree with me?
49:57
History agrees. I believe with me.
49:59
Every paper Fiat currency ever created in the history of the
50:03
world has gone to zero. OK.
50:08
And it's just a matter of time until the other ones do.
50:10
So look at this. And then I I got some more good.
50:13
News for you, but here we go. This was from the is it BBC?
50:18
Yeah, BBC Venezuelan Blvd. What can it buy you?
50:23
This is on Monday. Maduro will issue a new currency
50:27
to manage the country's one away inflation with the OK, million
50:31
percent inflation. So this is what you could buy,
50:36
OK? Last Thursday, one chicken cost
50:40
you 14,000,000 bully bars, OK? This is why people in Venezuela
50:46
were paying for things with silver and gold, OK?
50:49
Mama told me that OK, a toilet, A roll of toilet paper cost 2.6
50:57
million. Isn't that ironic?
51:01
3,000,000 bolivars for those carrots.
51:07
A packet of 1 kilogram rice cost 2.5 billion million bolivars.
51:12
Billion million. Who cares?
51:15
OK, for a packet of sanitary pads, you need 3.5 million
51:19
bolivars. A kilo of tomatoes would be 5
51:23
million. Oh, look at that.
51:26
A a kilogram of cheese, seven and a half million.
51:30
Wow. OK, so that's, that's what can
51:33
happen. And and you know what?
51:36
I want you to look at that. That that.
51:38
Chicken and and I want you to think.
51:40
I want to think. I want you to think about
51:42
something with me that's happening in America, OK?
51:47
If we, if we compared what that chicken cost in America, let's
51:53
say 50 years ago and stacked up dollar bills and compared it to
51:57
what in paper dollar bills that same chicken cost now, I bet it
52:02
would be, it wouldn't be as extreme as this was.
52:04
What I'm saying is it's it's happening, but that's the way
52:06
these things happen. They happen in slow motion
52:09
first, right? It's like when they asked what
52:11
is it, Hemingway or Jimmy Buffett or whoever it was, how'd
52:16
you go broke? He said very slowly and then all
52:19
at once. So, you know, very interesting.
52:25
Oh, shoot, hold on guys. I need to share something with
52:27
you. I'm going to share something
52:29
really happy. Two things that are happy.
52:31
But first, darn it, I need to update something here on the
52:37
screen. I'll just let you look at me
52:39
while I do this present. I'm not prepared, but we're
52:44
going to get there. This will take like 15 seconds
52:49
and it's a good life lesson. I think we all need to learn and
53:02
hold on. Here.
53:03
Here we go. All right, now.
53:07
We got it. OK, before we get to that,
53:13
hopefully this will process and I can show you.
53:17
Here we go. All right guys, there we go.
53:21
Right over there you see me pointing those are that's 16
53:26
ounces of Coke and I'm not talking the Coke that comes in a
53:29
bottle and I'm not talking about the other Coke either.
53:32
That's 16 ounces of Coke silver, A10 oz bar, A5 oz bar and a one
53:38
ounce bar. And I will have a 16 oz bottle
53:41
of Coke on the day that we do the giveaway.
53:43
But this is going to be given away to you on August 31st if
53:47
you win the giveaway. And to enter the giveaway,
53:51
there's a link in the description of this and all the
53:53
videos that says enter giveaway here.
53:57
And you click on that and it'll take you like 2 minutes at most
54:02
to enter the giveaway. OK, August 31st live stream, I
54:06
believe it's a Saturday. It's on August 31st.
54:08
It'll be at 10:00 AM central time.
54:10
You can enter that. So you can win that.
54:13
There's another shot. That's the 10 oz bar.
54:15
And then in the distance you can see the five ounce on the one
54:19
ounce bar behind. It's actually sitting right
54:20
here. Here, let me show you prove to
54:22
you I I haven't consumed it myself.
54:25
Here's the 10 oz Coke bar. Isn't that cool?
54:33
Really cool, very nice and by the way, I forgot to mention
54:37
that came from our sponsor pinbecks.
54:39
So thank you Pinbecks for sponsoring that silver.
54:43
I want to show you a picture. I had something really fun
54:47
happened to me yesterday and I just, I'm going to, I'm going to
54:51
share this with you because it's what life's all about.
54:54
You know, we talk about, we, there we go.
55:03
We're all over the place. I talk to you all the time about
55:05
being prepared, right? Right, like we talked.
55:09
About, oh, what if silver goes to $600.00 an ounce?
55:12
What if silver goes to $200.00 an ounce?
55:14
And I always preach like you got to be mentally prepared.
55:18
And on a day like today, we don't even want to.
55:20
That doesn't feel like it's going to go that high.
55:22
But I think we all know eventually, right?
55:24
Like, like those pictures from Venezuela that we looked at,
55:28
right? That's happening here just in a
55:31
slow motion basis. And you know, I'm, I'm not
55:34
predicting that next month or next year, you know, it's a
55:37
chicken's going to cost $15,000. It could, it could, but I think
55:43
it's a very, very minimal chance.
55:45
But I think a chicken's probably going to cost a lot more than it
55:47
costs in five years from now. How much you think a chicken's
55:50
going to cost in the United States right now?
55:51
What's I don't even know what a whole chicken would cost.
55:55
Let's say 8 bucks, 10 bucks a raw chicken in an average
55:59
grocery store. What do you think that same
56:02
chicken's going to cost you 10 years from now?
56:05
Because 10 bucks now. I would say at.
56:07
Least at least 20 or 25 bucks, right?
56:12
Maybe 30 or 40 or 50. So we got it.
56:15
We want to be prepared and we talked about being prepared for,
56:18
I mean, that's under, I think the best case.
56:20
I know this is not a cooking show.
56:24
That's under the best case of scenarios that we get this, you
56:27
know, a steady price increase. However, if we do have major
56:34
events and we very we could have major events and let me know
56:38
when you look at that debt clock, we could have like
56:40
extreme moves in the gold and silver price.
56:42
And one of the things I always talk about be prepared, right
56:45
and be mentally prepared, but is to have friends.
56:47
And I want to show you a picture of a friend of mine who showed
56:50
up yesterday out of the blue. You guys have heard about this
56:53
character before. He's got to be one of the
56:56
coolest guys that I've known in my life.
56:59
I'll be honest with you. Let me pull it up here.
57:02
Even cooler than Silver, right? Because you want to have
57:04
friends. You want to have community.
57:07
And so yesterday. I'm right.
57:10
Yeah. That's what you guys see.
57:11
I'm getting ready to take my my afternoon nippy nap and I hear a
57:15
knock on the door. And I'm like, oh shoot, who is
57:17
it? And I go and it's this
57:18
character, this guy, we'll call him Mr. B.
57:23
He was my mailman for 20 years. And I'll almost tear up telling
57:28
you this because I'll never forget the day I moved into this
57:31
house. I went out and he happened to be
57:33
driving down the street. And I said, hey, how you doing?
57:35
He said I'm your mailman. I said, well, cool.
57:37
I said I'm Ron and he said, OK. He said, well, my name's Bill.
57:42
And he said you'll be easy for you to remember that because I'm
57:44
going to deliver you a lot of bills anyway.
57:48
I got to know him over the years very well.
57:51
But when when when my when Evie and Lily, my daughters were
57:55
little, I didn't really work during the day.
57:58
I just had this small job I told you about that I did in the
58:00
evening that I could walk to if I needed to, right by my house.
58:04
And so I spend a lot of time out in the yard with my kids.
58:07
I would see Bill probably three or four times a week.
58:10
Always brought a big smile to my face.
58:12
And we became pretty good friends over those years.
58:15
And then he retired and I had a cell number and he had my
58:19
number. And anyway, I hadn't seen him in
58:21
like a year and a half. And he showed up yesterday and
58:24
I'm going to tell you what it made the, I'll tell you this
58:26
basement dwellers. I'll tell you that's Bill.
58:28
I'm sorry, I wasn't going to say his name.
58:30
He doesn't care. He's the nicest guy, best guy
58:33
ever meet, you know, and I live in an upper middle class
58:38
neighborhood, right? I always say, if, if one of my
58:41
neighbors doesn't know who the mailman is or thinks they're too
58:45
good to know who the mailman man is, well, then I'm too good to
58:48
be friends with you because you got to get to know these people
58:51
and it and it's and it pays big dividends on just a human
58:56
emotional level. I know my trash man, right?
58:59
He'll, he'll drive by with his big giant truck and, you know,
59:02
honk his horn and, and he always.
59:04
Says whoop, Dee whoop, whoop, whoop.
59:06
You know, he told me, he said you can put anything you want in
59:08
your trash can, Ronnie, anything.
59:11
Just no human bodies. And when you go to the
59:16
McDonald's drive thru, I got him, I have a McDonald's I can
59:20
walk to from my house. Always be nice to those people
59:23
in the drive through. They're working.
59:25
They're giving you food, right. So I guess the big my message
59:28
here is, you know, this is what, what you're seeing on your
59:33
screen. And I don't know why I feel
59:35
like, but that's what life's all about, right?
59:38
And I had a big thing anyway, That's what life's all about.
59:42
Get to know these people. That's what a lot of you do here
59:45
in the in the in the in the comments section.
59:50
Oh boy, hold on. Oh boy.
59:52
OK, Mr. DK shovel. I forgot I now I can see the
59:56
Super chats. Thank you, Mr. Mr. Mr. I can't
1:00:00
read anything today. Mr. Shovel, keep stacking.
1:00:03
Thank you. Thank you my friend for the
1:00:05
Super chat. Super appreciated, Daniel.
1:00:07
Thank you. Testing, testing.
1:00:10
It finally worked. Dan W.
1:00:13
All right, look at that :) thank you, man.
1:00:16
You guys are awesome, Daniel. Great show.
1:00:19
Thank you, man. Yeah, this is what life's all
1:00:22
about, guys. And thank you, Daniel.
1:00:25
Look at that puppy dog, huh? And I also want to say thank you
1:00:30
to story time for the Kleenex fund.
1:00:33
Yeah, I'll get better, guys. OK.
1:00:35
And wow, I really appreciate you.
1:00:38
I appreciate you being here today.
1:00:40
OK, thank you. Have a great day and I will see
1:00:45
you next time and things will get better for in the silver and
1:00:49
gold market and they're really not all that bad right now.
1:00:51
Let's go take a quick look right before we sign off.
1:00:53
What the heck, Let's press the pin backs magic button.
1:00:57
Hey, look at that. Hey, silver's no longer down a
1:01:00
whole dollar. We'll take it, right?
1:01:02
All right, thank you, pin backs. Don't forget guys.
1:01:05
Also thank you to channel sponsor First Mining Gold.
1:01:08
I know I mentioned them earlier, but they're a Canadian gold
1:01:10
development company with two multi million ounce projects in
1:01:13
Canada headed by Dan Wilton, founded by Keith Neumeyer.
1:01:17
And if you want to talk to the nicest investor relation guy in
1:01:20
the world, call Paul or send Paul Morris an e-mail.
1:01:24
I have his e-mail address in the description of this video.
1:01:27
And Fortuna mining, right? Major mining company, they're
1:01:32
going to put out their earnings. I think it's August 7th.
1:01:37
What would that be like two weeks from today?
1:01:39
They're like, they're like Newmont, right?
1:01:41
They are producing. They're they're not as big as
1:01:43
Newmont, but they're a producer. They're making producing a ton
1:01:46
of gold and silver in Latin America and West Africa.
1:01:50
And of course, guys, don't forget Pimbex.
1:01:54
If you Pi MB EX, don't forget to register for the giveaway.
1:02:01
Don't forget if you want to get your hands on some gold or
1:02:03
silver. I can guarantee you one thing.
1:02:05
If you buy it today, you're getting a much better deal than
1:02:08
you did if you bought it. Three or four days ago.
1:02:11
Have a great one. Thanks for putting up with me.
1:02:14
You're always welcome in the basement.
1:02:15
OK, On behalf of Susie and myself, thank you to all the
1:02:19
moderators who are putting up with this.
1:02:21
We really appreciate you. OK, Jake, Annie, Big Tim, the
1:02:24
Silvershire and of course, Silver Susie.
1:02:27
I'll see you guys next time. Thank you.