Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🌟Silver Price🌟BIG Update and Silver NEWS!... (Gold Price Too)

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🌟Silver Price🌟BIG Update and Silver NEWS!... (Gold Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 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.