Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 ALERT 🚨 SILVER AND GOLD in Dire Economic Turmoil -- (Recession, Inflation, Stock Market Crash)
Transcript
- 0:00We are having a very difficult day in the silver market and
- 0:04gold market, but what do we have to come?
- 0:08We'd expected this. We talked about it earlier in
- 0:11the week. This was going to be the week
- 0:13where the market became very scared that the Fed would
- 0:17tighten monetary policy. But what big factors, including
- 0:23things being said by people like Jamie Dimon from JP Morgan
- 0:28Chase, what is Dr. Copper telling us about what's going
- 0:33on? What is the Dow Jones Industrial
- 0:35Average telling us about what's going on?
- 0:39What is Moody's telling us about what's going on?
- 0:43So when we look right now at the silver price, the gold price and
- 0:47the platinum price, sure, we're going through a difficult day,
- 0:51absolutely no doubt about it. However, we need to consider the
- 0:57big picture. And guys, it's just the reality
- 1:01that the economy is heading into a very, very difficult period.
- 1:06And we're just going to go through a number of big facts
- 1:09and and we're going to talk about the silver chart and the
- 1:13silver price absolutely. But let's just run run through a
- 1:17couple things that are happening.
- 1:19Yesterday, the Dow Jones dropped almost 400 points.
- 1:23Why? Because we had bad news on
- 1:26consumer confidence. Go figure, right.
- 1:29Wow. You think the consumer might be
- 1:31under a little stress right now? Well, you know, their credit
- 1:35cards are maxed out, their savings are going.
- 1:37We've covered all that. We know that the consumer, the
- 1:40middle class is suffering here in the United States, but we
- 1:44also got big news about low sales in the new home market,
- 1:51surprisingly low information. Again that employs a lot of
- 1:56people throughout the country that required that that trickles
- 1:59through to all types of manufacturing that a lot of it
- 2:04goes on domestically here in the United States.
- 2:06So things are not looking good in the US economy.
- 2:09We're hearing about copper, we'll come back to that as well.
- 2:12They call copper doctor copper. It's not a precious metal, but
- 2:16it's a critical industrial metal.
- 2:19Similar Ish in the same vein to silver in a lot of ways.
- 2:23But we've got news about copper that that we need to pay to pay
- 2:28attention to as well. What's a big name out there in
- 2:32the market that everybody listens to when Jamie Dimon
- 2:36talks? We may not like Jamie Dimon.
- 2:39I'm not a big fan of Jamie Dimon.
- 2:41You may not be a big fan of Jamie Dimon, the CEO of JP
- 2:46Morgan Chase, but when he talks, people listen.
- 2:50And now there are headline after headline coming out.
- 2:53What is he talking about? What's what's that one economic
- 2:57condition that will be the most fertile soil available period
- 3:03for the silver price and gold price stagflation.
- 3:07And he's warning the JP Morgan customers of a stagflation, airy
- 3:12period ahead. If Jamie Dimon is talking about
- 3:16stagflation, that's me. That's as mainstream as
- 3:19mainstream gets, guys. You got to remember the last
- 3:22time we had stagflation, most of us don't remember it.
- 3:26I was a little boy. It was the 1970s.
- 3:30Do you remember, Do you look, look back at what happened to
- 3:33the silver price and the gold price during that stagflationary
- 3:38period? It was absolutely crazy.
- 3:42So days like today hurt. I get it.
- 3:44You know, I'm hurting. My precious metal mining stock
- 3:47portfolio has been decimated, especially over the last two
- 3:51years, and the hits just keep on coming.
- 3:55But nonetheless, we got to keep our eye on the big, big picture
- 4:00of what's going on out there. And when we do that, we can see
- 4:04that there's some. I've got to hold on a second
- 4:06here. Bear with me.
- 4:07Got a little technical problem. Bear with me.
- 4:10There we go. Sorry about that.
- 4:12My face was changing colors. I was like a like an Oompa
- 4:16Loompa from Willy Wonka and the Chocolate Factory.
- 4:20Nonetheless, we got to keep our eye on the big picture.
- 4:23Yes, days like today are painful to own the metals.
- 4:27And if you're somebody who is dollar cost averaging in and
- 4:31buying more metals, a day like today could be a great, great
- 4:35buying opportunity. But I've already got all the
- 4:37metals I need, so I'm feeling pain.
- 4:40You may be feeling pain as well. Things will get better.
- 4:45Do yourself a favor, go back and look at the price of gold and
- 4:49silver. Gold went up like 20 times,
- 4:52silver like over 30 times from its low to its high during the
- 4:5770s. Because you'll have inflation
- 5:00with a stagnant economy. And man, it is just bad out
- 5:03there. I'm tired of this, this BS about
- 5:07how oh the economy is so resilient and and and labor
- 5:11market is strong. Thank you Thomas for the Super
- 5:13champ. My friend that the labor market
- 5:15so strong and Bidenomics. I won't even go there.
- 5:19I won't do my Joe Biden impression of it's working but
- 5:23it's not working. OK, listen to this.
- 5:26I thought this was interesting. I want to read you something
- 5:30that that demonstrates the difficulty in the economy right
- 5:36now. This was from Stansbury showed
- 5:38up in my inbox last night. This guy said, did you know 57
- 5:43American companies, most of them with 10 million to $1 billion
- 5:49and assets went bankrupt last month.
- 5:52In fact, we've we've officially hit more bankruptcies this year
- 5:58than we did in the last two years.
- 6:02That means America's bankruptcy rate is now on par with what we
- 6:06saw basically during the great financial crisis.
- 6:09Something that is something is just not right with the American
- 6:13economy. And I know I'm not the only one
- 6:15who feels that way. Even people I run to at
- 6:19conferences or around the office say it feels like we're living
- 6:23in some sort of silent depression.
- 6:28I've never heard it put that way, and I unfortunately can't.
- 6:32I didn't write the name of the author down.
- 6:34It was an e-mail that came from Stansbury Research.
- 6:37But a silent depression. I've heard recession, I've heard
- 6:41stagflation, but that's a new way to say it, and I think it's
- 6:45pretty darn accurate. It feels like we're in a silent
- 6:49depression. I was talking to somebody last
- 6:52night who has student loan debt, OK.
- 6:56And they mentioned to me now I got to start paying back my
- 6:59student loan debt. And I told him, I said, yeah,
- 7:03you and millions of other people and there's big trouble out
- 7:07there because like half. Did you know that half of the
- 7:11people who have student loan debt in the United States,
- 7:14they're going to have to start repaying on October 1st?
- 7:17That's what, four days from now? They are saying they can't
- 7:21afford to pay it? And why?
- 7:23Well, because that money that three years ago they could use
- 7:27to pay their student loan debts, that's now going to their
- 7:30increased rent payment, food payment, gas payment, insurance
- 7:36payments, all that. People don't have the money.
- 7:38Is it a silent depression? And what does that mean for the
- 7:42silver price and the gold price? Here's, here's what it means,
- 7:45and we'll talk about this some more, right?
- 7:48Remember, the Fed is always full of it.
- 7:51There's no other way to really describe it.
- 7:55Either they're really unintelligent or they're really
- 7:58full of it, or they're just clueless about what's going on.
- 8:02So the fact that right now they're saying, oh, we need to
- 8:05be tough, we need to be tough and fight inflation, fight
- 8:07inflation, well, that's great that they can say that, no doubt
- 8:11about it. However, the reality is the
- 8:14economy is slowing down in such a fast manner that they will
- 8:20soon need to reverse course. And you've got analysts out
- 8:24there that are saying that'll be the case as early as early 2024.
- 8:28We don't know if things really get crazy.
- 8:31If this 10 year bond yield continues to go higher and puts
- 8:36such more stress on the consumer, on the banks, on
- 8:40everything, they'll have to reverse course every.
- 8:43I mean everybody's primed guys. We have been beat to a pulp by
- 8:47the Fed silver and gold investors over the last two
- 8:51years. I, I, I, I was.
- 8:53I've been wrong and I'm the first to admit it.
- 8:56This has lasted way longer than I or anybody else thought that
- 9:00it would. OKA lot of that is because they
- 9:02printed so much money. They presented, presented,
- 9:06printed like 40, forty 40% of the US dollars that are in
- 9:14circulation during the C19 crisis.
- 9:17It's going to take a while. That was a unbelievable, massive
- 9:21amount. OK, it's going to change.
- 9:24And when it does, it's going to be rocket fuel for the gold,
- 9:28silver and platinum price. We got 100 thumbs up.
- 9:30I got to ring the bell. Look, we got a new spot for the
- 9:33bells. What wrongs?
- 9:35Wrong way. There's the bells.
- 9:42Susie. Susie thought it'd be better.
- 9:44I move them far away because some people, it hurts their ears
- 9:47and I never want to hurt anybody in any way.
- 9:50Hey, thank you for the thumbs up.
- 9:52If you can give me a more thumbs up.
- 9:53We got over 300 people on a Wednesday morning in the
- 9:56basement. Hey, this is awesome.
- 9:58Thank you. You guys are making my day and
- 10:02we got way more to cover. Things are screwed up out there,
- 10:07all right? I'm not.
- 10:08I I I don't like it. You didn't cause it.
- 10:10I didn't cause it. But things are absolutely
- 10:12screwed up and people don't have a clue.
- 10:15Have you noticed that a lot of your friends, family, coworkers,
- 10:20a lot of people just in general, are just like asleep and have no
- 10:24clue how difficult things are? But even more critical.
- 10:29Even more critical. How difficult they can become
- 10:34because we've got so much debt now.
- 10:36That's the other major catalyst that we have for the precious
- 10:41metals. It's like a trick up our sleeve.
- 10:44Hey, sneaky sneaky boy. Sneaky girl.
- 10:48We got a lot of women Stackers, Lady Stackers that have been
- 10:51joining us. You got a trick up your sleeve.
- 10:55You haven't even. We haven't even had the benefit
- 10:58in the precious metals market of the big awakening.
- 11:02That's what we'll call it, the big awakening, when suddenly all
- 11:07those other people, the other 99% of the people wake up to the
- 11:10fact that our country is bankrupt.
- 11:14I'm that. That's not an unpatriotic for us
- 11:17to say that, guys. That's a mathematical fact.
- 11:20Our country is bankrupt. Nobody's talking about it.
- 11:24Everybody is asleep. But when people do wake up, and
- 11:28I heard this, that was not an original thought.
- 11:31I heard that mentioned by a top analyst at Invesco last night,
- 11:35She said, When people wake up to the fact that our country is
- 11:40bankrupt, what does that mean long term for the value of our
- 11:44dollar? What are the BRICS countries
- 11:47realizing about the dollar? And maybe that's why they're
- 11:50selling. They sold a trillion dollars and
- 11:52and U.S. Treasuries last year, they're
- 11:54buying gold. They're woken up when Americans
- 11:58wake up because now America, you know, we're like, we're buying
- 12:01our own debt At this point when Americans truly wake up and
- 12:04realize the country is bankrupt, oh, maybe, maybe I need to put
- 12:10my money into something that's real, that will store value,
- 12:14that guys can be a major. That's the big take away.
- 12:19A major, huge catalyst for the precious metals prices?
- 12:25Absolutely. So hold on there.
- 12:28Do we need to remember that bitch downgraded the United
- 12:32States recently? OK.
- 12:34Well then what would it mean if the only remaining credit rating
- 12:39agency, there's three big ones, The only remaining one who
- 12:43hasn't downgraded the US debt recently came out and said
- 12:48especially if they can't get this government shutdown
- 12:52situation rectified that it's going to put, it's basically
- 12:56going to put the US credit rating on the chopping block.
- 12:59And who was that? That was Moody's bitch
- 13:02downgraded the debt. S&P got downgraded the debt.
- 13:05Now Moody's. So when people wake up, you've
- 13:09woken up. Good morning.
- 13:13Wakey wakey, right. Wakey wakey.
- 13:16It's when it's wake up time for everybody else and they're
- 13:19forced to, to realize and recognize how bad things are.
- 13:25They're going to want to get out of those dollars because they're
- 13:28going to realize, just like Brazil, just like China, just
- 13:32like Russia, just like India, just like Saudi Arabia, right?
- 13:36Remember when the Middle East? They were kind of our allies,
- 13:40but they're all waking up and saying we don't think we want to
- 13:44have our our value, our wealth stored in that paper asset that
- 13:49you have that continually goes down in value.
- 13:53Not to mention that if you get mad at us, you can just
- 13:57confiscate it whenever you want. All right.
- 13:59Yeah. Today's hard for silver and
- 14:01gold. Yeah, but I'm telling you guys,
- 14:03when the pivot happens, let's just.
- 14:06I hate that word pivot. You want to make me mad?
- 14:09Send me an e-mail. You want to make me mad?
- 14:11Some bright pivot in the comments.
- 14:15But when the pivot does happen, maybe we'll warm up to that work
- 14:19is the pivot will happen in real terms no matter how they, no
- 14:25matter how they slice it and dice it and call it whatever
- 14:28they want and make up whatever. The feds in trouble, the feds in
- 14:31a box. Jerome Powell is in a box.
- 14:34I'm hearing everybody copy off me now.
- 14:36I'm not bragging, OK? But I'm hearing other Youtubers
- 14:40and other content creators, another top analysts are all
- 14:43suddenly saying Jerome's in a box.
- 14:45I think what they've been doing. Hold on a second.
- 14:50See, they've been watching Jerome.
- 14:54Everybody say hi. Hi, Hello, Hello to Jerome.
- 14:58Jerome is in a box. He's got a recession and he's
- 15:02got inflation and he's got a bad case of stagflation.
- 15:08And buddy, I'm gonna say it for the 4th time.
- 15:11You can call me repeater Ron, just like Susie does.
- 15:14That's OK. Stagflation is the most fertile
- 15:18soil for the gold price, and the silver price bar none.
- 15:21All right, so hold on, Hold on. Commercial real estate?
- 15:26Nobody talks about that anymore. That's a bomb about ready to go
- 15:31off in this country, especially as we head through 2024.
- 15:36Be prepared. Banking crisis.
- 15:39And this is what's going to happen during the banking crisis
- 15:41that unfolds next year. Yeah, the big banks will get
- 15:45bigger. They'll start to move us more
- 15:47towards everybody. You know, just a couple of big
- 15:50banks. Be prepared, be prepared for
- 15:53digital money. Did you hear about this
- 15:57Australian bank, $250 billion bank that it announced that
- 16:02starting 2024, basically no more cash, You can't deposit cash,
- 16:08You can't go into the branch and get cash.
- 16:10You're not even going to be able to do telebanking.
- 16:13The only way if you need cash out of this $250 billion bank is
- 16:18if you go to one of their ATM's. They'll give you like 2000
- 16:22Australian dollars, but you can't deposit cash.
- 16:25OK. So we're going to head into a
- 16:28very difficult time. It's going to be a banking
- 16:31crisis. And how are they going to save
- 16:34it? Right.
- 16:35How are they going to save it? the Fed is going to save it, but
- 16:37how is the vegan? They're going to save it with
- 16:39your money. Yeah, they're going to print
- 16:43money out of thin air. They're going to dilute you even
- 16:46further so the likes of Jamie Dimon and Bank of America and
- 16:50Citigroup can get bigger and bigger.
- 16:53And the Fed will say, oh, we had to institute this new operation
- 16:57Lollipop or Operation Zingzong or whatever they'll call it.
- 17:02But it at the end of the day, what it'll be is further
- 17:06dilution of the US dollar. And we'll see lower interest
- 17:09rates and we will see higher silver and gold prices because
- 17:15the real meat of what's going on right now out there is that
- 17:19things are screwed up. And that's just speaking
- 17:23domestically in the United States.
- 17:26You didn't create it. I'm going to remind you, this is
- 17:29not your fault. You are in no trouble.
- 17:31OK. I didn't create it.
- 17:33These quote UN quote leaders, Some people may refer to some of
- 17:37them as crooks, and some of them are crooks created.
- 17:42Excuse me? That's the reality.
- 17:45And there's only and they're not going to let it all fall down
- 17:47completely. So don't even worry about that.
- 17:51They're going to come in and they're going to dilute it.
- 17:53And it's going to be good, good days for for this inflation's
- 17:58not going away, right? What's it like to be in?
- 18:01I heard somebody talking about this the other day.
- 18:03The like, the median home price in the United States now is
- 18:06like, I don't know, 300, four, $100,000.
- 18:10And the average income is like 60-70.
- 18:13People can't afford houses. The middle class is getting
- 18:16destroyed in this country just barely trying to make ends meet,
- 18:21OK. And they won't let it stop.
- 18:24They will lower rates again. They will liquidate the system
- 18:28and gold and silver will fly and let.
- 18:30There's something else going on guys that we haven't talked
- 18:34about much that will have a big impact on how the FedEx, how the
- 18:39economy acts in the coming 12 months could you know what I'm
- 18:43talking about? We don't talk.
- 18:45We know it's going to happen, but I don't know that we really
- 18:48put the numbers together and remember what it's going to mean
- 18:53for what the Fed does and what type of stimulus is created over
- 18:59the next year. That's right, one year from now,
- 19:0213 months from now we've got a presidential election.
- 19:07You think they, I mean do you think that do you think they
- 19:09pulled out a bunch of tricks during the during the during the
- 19:14midterms Be prepared. There's going to be all kinds of
- 19:18monkey business leading up to this next presidential election
- 19:23not to OK. So that will be that will be a
- 19:26bullish. That's a good sign.
- 19:28That's a good supportive factor for the metals prices because
- 19:32whatever they do to stimulate or to make things better, however
- 19:38you however you want to say it, it's going to result in in, in
- 19:42in in in free money being created to 1 degree or another.
- 19:47We don't have to agree with it, disagree with it.
- 19:49We're all entitled to our own opinions but it's going to be
- 19:52diluted to the currency and and and here's another thing, the
- 19:58contention, the fighting, the vicious vileness that goes on.
- 20:03This is not a political show, all right, but the reality of
- 20:06between the ultra conservative and ultra liberal side of
- 20:10things. Is not going to be a.
- 20:14It's going to create an environment of uncertainty,
- 20:17possibly like we've never experienced before in this
- 20:20country. And when there's high levels of
- 20:22uncertainty, Silver, Gold, Platinum are safe haven assets
- 20:27that people want to run to. Hey, while I have your
- 20:30attention, thank you for being here.
- 20:32Please consider subscribing to the channel.
- 20:35I put out a new piece of content every day for the rest of my
- 20:38life and I'd like to see you back here in the basement.
- 20:41OK, thank you to Pin backs online Bullion, dealer sponsor
- 20:46of Ron's Basement. If you think you might want to
- 20:49get some silver, gold, or platinum as we head into this
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- 21:08Guys, I can't do this, so please consider checking them out when
- 21:13you're shopping around for your bullion.
- 21:15What else is going on? It, you know, here.
- 21:18But you know how screwed up is the US economy, right?
- 21:22We know I read something the other day trade this it's it's
- 21:26laughable the way especially the mainstream media presents this.
- 21:30It was talking about trade with China over the last year was
- 21:34down by 3% and then it said something about oh and usually
- 21:40that's indicative of a recession.
- 21:42I'm like really? Really.
- 21:44You think when trade drops by 3% between the first and second
- 21:49largest economies in the world that maybe that could be a sign
- 21:53of contraction? Isn't -3% contraction?
- 21:58You know, things are nasty out there.
- 22:00And when we look at the United States, is that enough?
- 22:04What's going on here? Fiscally, monetarily,
- 22:07politically, socially, everything?
- 22:10All the debt, all the government debt, corporate debt, student
- 22:13debt, all the debt, everything. How screwed up it's become.
- 22:18But if we broaden our horizons a little bit when it comes to
- 22:22uncertainty and and really tragedy going on right now in
- 22:28the world, can we see, can we can we just look, just look at
- 22:31one thing and that's the war going on right now in Europe.
- 22:37Can you believe it? I said this yesterday, five
- 22:39years ago if I we you and I. If if I told you that in five
- 22:43year but there would be a all out war going on, would you have
- 22:47believed me? Probably not, right.
- 22:50I mean, it's just incredible what is happening.
- 22:54What? It's incredible what's happening
- 22:57in the Middle East. I'm going to tell you about
- 22:58something that you if you're like most people and including
- 23:03myself, because quite honestly, three years ago when people
- 23:07talked about this, I was like, what?
- 23:09Well, OK, yeah, you know, I've heard of that.
- 23:12But what's the big deal? What's going on in the Middle
- 23:15East right now is a massive, massive deal.
- 23:20The United States economy derived massive benefits guys
- 23:25since the mid 1970s from what's called the Petro dollar, from
- 23:30forcing the world to trade oil in dollars that is unraveling as
- 23:37we speak. Saudi Arabia. the United Arab
- 23:40Emirates, right? No longer buying U.S.
- 23:42Treasuries? That's sign #1.
- 23:44What's sign #2? How about the fact that Saudi
- 23:47Arabia and the United Arab Emirates are joining the BRICS
- 23:51alliance? Things are coming apart, not
- 23:54only domestically, potentially in the United States, but also
- 24:00on an international scale, on a geopolitical scale.
- 24:05We've got change like we've never seen, I'm 53, we've never
- 24:10seen in our lifetimes. Be prepared, right?
- 24:15Yeah, sure. Silver's getting clobbered.
- 24:17We might be in for more pain in the gold price, in the silver
- 24:21price. I mean, it's hard.
- 24:23Is it hard for you? It's hard for me right now to
- 24:26imagine, let's say, gold going below 1850 or silver dropping
- 24:30below 22 or maybe even $20.00 an ounce right now.
- 24:36But short term, they can play some serious, serious games.
- 24:41The Comex and the LBMA can play serious games with the price of
- 24:48the metals. But long term, as we look at
- 24:51what's going on, I mean, remember what we talked about?
- 24:55People in the United States, They aren't like you.
- 24:58They aren't like me, right? They don't even They don't.
- 25:01They don't. They don't.
- 25:03They could care less about the national debt.
- 25:06As long as they can, you know, eat their Burger King for dinner
- 25:11and then watch TV for three hours at night, they're fine.
- 25:15But when they start to wake up, when they start to really feel
- 25:18and realize, Oh my gosh, we've got serious problems in this
- 25:22country, that's when we're going to see people running to the
- 25:26precious metals running. And like I just said, you and
- 25:30me, what does it mean that were one in 200 people, one in 100
- 25:35people that are that are making the decision to invest into
- 25:39precious metals. That means that that number is
- 25:42way below the longterm average, way below the longterm average.
- 25:49And when those people, when just a few of them join us, when you
- 25:53go from one and 200 to 10 and 200, you're talking about an
- 25:58avalanche of money. You're talking about not being
- 26:01able to find precious metals to buy any longer to convert your
- 26:07paper money. You're talking about showing up
- 26:10at your local coin shop and them saying, sorry, we don't have
- 26:14anything and we don't really know when we're going to get
- 26:16anything. And is that crazy to think that
- 26:19that could happen because that happened during the C19 crisis,
- 26:22it happened again earlier just this year, six months ago.
- 26:27So yes, it can happen. It doesn't take those those were
- 26:31prob. Those I think could be minor
- 26:34occurrences in terms of demand increase relative to what we
- 26:38could see in the near future. It could get super interesting
- 26:43for gold and silver investors. And that's when you get, when
- 26:47you get a wave of new people coming and that's when you get
- 26:49those little windows of opportunity, those little
- 26:52bubbles that can occur. Look, if you ever sold any of
- 26:56your medals, I have never sold. I've lost a lot of money on
- 26:59mining socks. My hands up, right, if I ever
- 27:03sold any real metal, any real silver because I'm a silver guy,
- 27:07no, I never have. But if you get that little
- 27:11window of opportunity and be mentally prepared, OK.
- 27:14And I never recommend, and I don't give financial advice, but
- 27:18I don't ever recommend selling everything at once.
- 27:22You can do whatever you want. I don't recommend buying
- 27:24everything or selling everything.
- 27:25But if we get a little window of opportunity where it's
- 27:29unbelievable what you can trade some ounces of silver for in the
- 27:35free market, you may want to consider doing it a third, a
- 27:38quarter, 10%, half, whatever, whatever floats your boat.
- 27:42But I would be mentally prepared for a bubble type opportunity.
- 27:48And I I look, you know when I say bubble, I don't mean that in
- 27:52a bad way, I just mean that the price just it gets to an
- 27:56unbelievable value proposition in real terms, right?
- 28:02I was talking to somebody the other day.
- 28:04Like right now you can buy what, 10 loaves of bread for an ounce
- 28:07of silver? If we get to a point where you
- 28:09can buy 500 loaves of bread for an ounce of silver.
- 28:13I don't know what the heck you do with 500 loaves of bread.
- 28:15Have a big bread party. But you get my point.
- 28:18It might be a wise decision to do some conversion of silver
- 28:22into more other real assets at the time.
- 28:24Maybe real estate maybe. Whatever the case may be.
- 28:27It's an interesting time guys. I wit.
- 28:30Oh here, here. This is crazy as things are
- 28:33changing, right? The BRICS countries are selling
- 28:36their treasuries. They're all dumping their
- 28:40treasuries, OK? And what are they doing?
- 28:42They're buying gold. What's super interesting?
- 28:45I think it's Tavi Costa has this new chart out for the first
- 28:49time, for the first time in 45 years.
- 28:55OK, bonds are more volatile than gold.
- 28:59What is that telling us right now?
- 29:02What is that telling us? Well, you know what?
- 29:04That's what we look at when we try to pull all this together.
- 29:08What's going on in the United States.
- 29:10What's going on in the world. And then the big, big picture
- 29:16days like today that are painful for silver and gold investors,
- 29:20painful for investors in precious metal mining stocks
- 29:24become a little more tolerable. Look, I don't have a crystal
- 29:28ball. I could be dead wrong.
- 29:30Don't make any financial decisions based on anything I'm
- 29:33saying. I would like to get the 200
- 29:34thumbs up. I'll beg you one more time.
- 29:36Please press the thumbs up. That would be awesome.
- 29:39Hey, and other sponsor I want to talk about first mining gold.
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- 29:55Everybody knows Keith Newmeyer started the company.
- 29:58Keith Newmeyer's continued to buy stock in the company over
- 30:02the year, over the years in the free market, OK, they've got 25
- 30:06million ounce projects, development stage projects in
- 30:10Canada. They've also got four other
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- 30:21So check them out. It's an interesting,
- 30:23unbelievable value opportunity and 1st mining and all the
- 30:27development stocks. But mining stocks are risky,
- 30:30right? I'm not giving financial advice.
- 30:32I'm just telling you it's something that I own and I've
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- 30:40Frank. Frank.
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- 30:43All right, guys, Thank you for joining me today.
- 30:45I hope you're doing well. Let's hang in there.
- 30:48Things will get better in the precious metals.
- 30:51Oh, I got to ring the bell. Oh, my God.
- 30:53Hold on. Let me know if that's too loud.
- 31:05Okay. But you guys are awesome.
- 31:08Thanks for being here. I will see you tomorrow.