Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER** You Best PAY ATTENTION to This! 🦍 (Gold Price Precious Metals NEWS Update too)

Transcript

**SILVER** You Best PAY ATTENTION to This! 🦍 (Gold Price Precious Metals NEWS Update too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Pick me up. Am I dreaming?
• 0:01
  Unfathomable developments in the silver and gold market.
• 0:07
  Is this real? Can you believe what is
• 0:09
  happening? I do, and we're going to talk
• 0:11
  about all the reasons why. Big developing stories, Bank of
• 0:15
  America saying something unbelievable about silver and
• 0:19
  gold. Elon Musk, is he sending us a
• 0:22
  hint? And yes, of course, like the
• 0:24
  thumbnail said, $3000 silver. I'm going to show you why that
• 0:29
  number is not out of the question and why we can look at
• 0:33
  real past comparisons with silver just in the last 50 years
• 0:38
  and why we could easily see $3000 silver.
• 0:42
  Guys, the best thing I see right now is you.
• 0:44
  Thank you for being here. Thanks for being in the
• 0:46
  basement. We're basement dwellers.
• 0:48
  We love to talk about silver and gold.
• 0:50
  It's a great community. I really appreciate you being
• 0:53
  here. You choose to be here.
• 0:55
  I respect that. So thank you.
• 0:57
  Thank you, and please subscribe to the channel.
• 1:00
  We had 61,000 subscribers last night.
• 1:03
  Upstairs, Susie, my lovely and talented assistant, was very
• 1:08
  excited about that. She loves you guys also.
• 1:10
  But let's dig in. We got big news.
• 1:12
  Bank of America $65 silver. But what's more important is the
• 1:18
  reasons why, which we're going to look at all the evidence.
• 1:21
  Oh, and they also said $5000 gold.
• 1:24
  Oh, and then they said $6000 gold.
• 1:26
  Oh, and then Bank of America even had the audacity to say
• 1:32
  $8000 gold. Here we go from investingit.com.
• 1:36
  Bank of America lifts its gold target to $5000 per oz, sees
• 1:41
  silver staying in a deficit. So there we go.
• 1:44
  Right, They got to say. But if we dig into this article,
• 1:47
  we're going to see what they really said about silver, and
• 1:50
  it's very, very good in green. We'll talk at gold right now.
• 1:53
  It says looking into 2026, we're almost there.
• 1:57
  By the way, a 14% increase of investment that let demand
• 2:02
  similar to what we've seen this year could lift gold to $5000 an
• 2:06
  ounce, team led by Michael Widmer wrote in a note.
• 2:09
  More aggressive move to $6000 per oz gold would only require a
• 2:15
  28% jump in investment flows. Guys, we're going to look at
• 2:19
  some. We got stuff coming in from
• 2:21
  India and Vietnam all over the world.
• 2:24
  The big mints, what they're doing, the four big mints,
• 2:28
  sovereign mints, what they're doing with silver.
• 2:31
  It's incredible. So a 28% jump in investment
• 2:34
  demand is not that big. While the note also outlines a
• 2:37
  blue sky scenario of $8000 per oz for gold, which would require
• 2:44
  a 55% increase in gold purchases, A threshold BofA Bank
• 2:49
  of America says looks difficult to achieve in the near term.
• 2:52
  I don't think so, but I do appreciate their analysis.
• 2:55
  Let's move down here to the silver section where we have two
• 2:59
  paragraphs on silver. Bank of America says the market
• 3:02
  remains in deficit despite expecting an 11% percent drop in
• 3:07
  demand. So we're still going to be in
• 3:09
  the deficit, although these quote, UN quote analysts are
• 3:13
  saying we could have an 11% drop in demand for silver next year
• 3:16
  as solar manufacturers cut silver loadings per panel.
• 3:21
  What that means, what do they call that thrifting that now
• 3:25
  that there's so much silver going into solar panels that
• 3:28
  they're trying to find other ways that they can make solar
• 3:30
  panels with not quite as much silver?
• 3:33
  But from what I hear, they have a very difficult time doing
• 3:36
  that. We'll see if that plays out.
• 3:39
  I wouldn't be surprised if next year, right now, we're looking
• 3:42
  at an 11% increase in demand for silver.
• 3:46
  That could come from our friend Elon Musk, who we're going to
• 3:49
  talk about here in a few minutes.
• 3:51
  OK, They also noted, here we go. They also here's the big
• 3:55
  prediction that supply remains tight for silver and that even a
• 3:59
  smaller deficit or even with a smaller deficit, the white metal
• 4:03
  could still push towards $65 per oz in 2026.
• 4:08
  So supported by continued investor demand and a lingering
• 4:12
  dislocation in the physical market, that's another way for
• 4:16
  them to say a silver squeeze. Guys, we got a ton more to
• 4:19
  cover, but before I forget, thank you to everybody for being
• 4:22
  here. Let's run out and take a look at
• 4:24
  the update right now live of the gold and silver price.
• 4:29
  Take your blood pressure medicine.
• 4:30
  Here we go This is on. See it?
• 4:32
  What is that right? Hold on a minute, sharing the
• 4:37
  wrong tab now I don't have Susie.
• 4:39
  She had to go help her elderly mother.
• 4:41
  OK, now you should be on the right screen.
• 4:43
  CNBC, what? Take double your dosage of blood
• 4:46
  pressure medicine. By the way, I do have high blood
• 4:49
  pressure. 4th up 128 dollars. Wow, unbelievable.
• 4:55
  Let's go take a look at silver and see what's happening over
• 4:58
  there in the futures market. And we will go to gold.
• 5:05
  Hold on here, Stay with me, folks.
• 5:08
  It's like the general markets are having a good day.
• 5:11
  What? So, Oh my gosh, guys, in the
• 5:14
  futures market, silver is up $3 per oz.
• 5:18
  Now, you know, there's this big and we'll go look at the spot
• 5:21
  price next. Sorry, the computer's slower
• 5:24
  than me today. OK, OK, wow.
• 5:27
  Up three, $3.17 in the futures. That's the December futures.
• 5:32
  Let's look at spot and see what's going on there.
• 5:36
  The spot price for silver brought to us by Kitco and just
• 5:41
  so you guys know that futures price we just looked at on CNBC,
• 5:45
  that's the December, that's what it cost to get silver in
• 5:47
  December. If there's any available to
• 5:49
  deliver. This is the spot price for the
• 5:53
  metals. And and I'll show you where we
• 5:56
  can see that if you go to Kit, if you go on Google and just
• 5:59
  Google Kitco spot precious metal prices, there it is right there.
• 6:04
  That's for immediate delivery of silver at $52 per oz.
• 6:08
  So we are still in a state of backwardation, OK, which means
• 6:16
  the spot price for silver right here 52 dollars is higher than
• 6:22
  what we saw in the futures market and by a significant
• 6:26
  amount, which is very unusual and only means one thing.
• 6:30
  And that is that there is some concern potentially that the
• 6:35
  silver will actually be able to be delivered in December.
• 6:38
  We will see. People are talking about big air
• 6:41
  cargo airplanes flying silver from New York, from the futures
• 6:46
  markets, vaults to London, the OBMA, the London Bullion Market
• 6:50
  Association. And we're so, so sad to hear
• 6:55
  that the LBMA is under such distress right now because they
• 6:58
  are quote UN quote, monitoring the situation.
• 7:01
  But you know, this could get equalled out, right?
• 7:03
  There's a called arbitrage where people are buying the silver in
• 7:08
  the futures market at a lower price and then flying it to
• 7:13
  London. So don't be surprised.
• 7:15
  I want to give you a look. I'm not a financial advisor.
• 7:17
  This is crazy exciting what's going on right now in the
• 7:20
  precious metals markets. But we got to be prepared for
• 7:23
  volatility. Remember, right, anything that
• 7:26
  goes up, up, up, up does have pullbacks.
• 7:29
  I don't want to be a Debbie Downer.
• 7:30
  Today's a day of celebration right now.
• 7:32
  But you know how things change in markets.
• 7:35
  We could see some pullbacks, but but, and we're going to look at
• 7:39
  all the reasons why on a long term basis.
• 7:41
  I personally remain very bullish on silver and gold.
• 7:45
  Don't forget, I've got a bear right there, the silver bear
• 7:48
  blindfolded with $85 written on that.
• 7:52
  They're blindfold which we will take off when the silver price
• 7:56
  hits $85 per oz. And just so you know, this Big
• 7:59
  Bear here for those of you who are new, spent years with a
• 8:02
  blindfold on that said $2500 gold and people said we'd never
• 8:07
  take that blindfold off. And we did take it off.
• 8:09
  And now we're going to look more reasons why we're going to take
• 8:12
  all these blindfolds off, including at $85 silver.
• 8:16
  Randy Smallwood, right, the CEO. This is crazy.
• 8:20
  If central banks start buying silver get it's really game
• 8:24
  over. And this is like the most
• 8:26
  respected name in precious metals.
• 8:29
  While he's up there with Keith Neumeyer and you know, Rick Rule
• 8:32
  and Eric Sprott and all those guys.
• 8:34
  But we Wheaton precious. I'll play this clip for you,
• 8:37
  Wheaton Precious Metals CEO said.
• 8:40
  Central banks are discussing. Central banks are discussing
• 8:45
  adding silver. That's a big, big deal.
• 8:49
  Six months ago, even the thought or murmur of that would have
• 8:53
  been met with like, eggs thrown in our face, right?
• 8:56
  This is incredible. If it can become more than just
• 9:00
  an industrial metal, it will become something else entirely.
• 9:04
  Let's pull up our friend Randy. And again, and this is on
• 9:06
  Bloomberg Television. Guys, let me get this full
• 9:09
  screen for you. And it is 20 seconds long.
• 9:13
  So listen to what Randy Smallwood says about central
• 9:16
  banks and silver. What I'm most excited about is
• 9:18
  I'm starting to hear central banks talk about bringing silver
• 9:21
  back into their reserves, too. There's, there's, there's noise
• 9:24
  from several different banks around the world that maybe
• 9:29
  silver should be a part of their central bank reserve base and
• 9:33
  that that of course would be very exciting for silver.
• 9:35
  It's been a long time, been 20 plus years since, since we've
• 9:38
  seen silver held by central banks.
• 9:40
  OK, there we have it. Unbelievable.
• 9:43
  Now a lot of us in the silver field and gold field, but silver
• 9:48
  keep a close eye on Elon Musk, right?
• 9:51
  Elon Musk can move markets big time.
• 9:54
  There's a reason why when he tweets something that very well
• 9:57
  could be about silver, I'm going to show you here in one second.
• 10:00
  We want to pay close, close attention, OK?
• 10:03
  The reasons why are that Elon runs companies that need a lot
• 10:07
  of silver. Tesla and electric vehicle,
• 10:09
  they're going to be using more and more and more silver in the
• 10:13
  future. He has a sole solar company more
• 10:15
  and more Silver X, the platform that that uses AI and grok AI is
• 10:21
  using more and more and more silver SpaceX, you name it,
• 10:25
  everything that everything electronic.
• 10:27
  You know that. So when let's look at this tweet
• 10:29
  that came out from Elon Musk that it shows us reason why we
• 10:35
  might want to pay very close attention to Elon.
• 10:38
  Elon tweets this came from Here we go.
• 10:41
  Yep, we're on the same screen. Elon tweets a silver surfer.
• 10:46
  Is this a hint? I don't know, guys.
• 10:48
  I I think that's a hint. Elon Musk recently tweeted this
• 10:52
  picture right here. OK, of a silver man on a silver
• 10:58
  surfboard going through space. Well, he also has the space
• 11:01
  company satellites. All this stuff uses massive
• 11:03
  amounts of silver. So we're going to keep a close
• 11:06
  eye on our friend Elon. But we, what we do know is
• 11:10
  happening right now, and I'm going to give you all the
• 11:13
  evidence, is that the big sovereign mints when it comes to
• 11:16
  silver are going through massive stress levels.
• 11:19
  That indicates some big, big things to us.
• 11:21
  But let's look at 4 pieces of evidence that we want to look at
• 11:26
  in regards to what is happening right now on the supply of
• 11:29
  silver to regular retail investors because it is getting
• 11:34
  incredibly interesting. This comes from the Silver
• 11:38
  Academy John Little on Substack. You can you can subscribe there.
• 11:42
  Silver Academy silver vanishes worldwide mints shut down.
• 11:48
  The LBMA seizes up Canada's TD declare sold out.
• 11:53
  This is the end game for Fiat, and let's look at some of this
• 11:56
  evidence. Let's go through this paragraph
• 11:58
  first. First, global silver shock for
• 12:01
  mints crashing market seizes For mints crashing market seizes.
• 12:08
  In recent weeks, a silver market has entered a phase of extreme
• 12:11
  distress marked by extraordinary shortages and dysfunction at
• 12:14
  every level. For the first time in modern
• 12:18
  financial history, the world's four most influential national
• 12:23
  mints, sovereign mints, are reporting breakdowns that few
• 12:27
  believed possible in a functioning market.
• 12:31
  Again, guys, had we had, we talked about this three months
• 12:35
  ago, six months ago, a year ago, we would have been heckled and
• 12:39
  made fun of. Let's look at the let's look at
• 12:41
  the evidence in red. the United States met Production of 1 oz
• 12:45
  Silver Eagles has collapsed to just 20% of last year's output,
• 12:49
  leaving buyers facing record premiums and long delays for the
• 12:54
  most recognizable form of American bullion.
• 12:57
  So the US met, right, pulling back significantly.
• 13:01
  But let's travel north and the story grows even darker.
• 13:05
  The Royal Canadian Met, once a pillar of institute
• 13:09
  institutional supply, has completely shut down
• 13:13
  distribution of 10 oz and 100 oz silver bars.
• 13:18
  These are not minor collectibles.
• 13:20
  They are the very lifeblood of institutional silver demand.
• 13:24
  There's so much I can't read all of this to you.
• 13:27
  You can go out to the Silver Academy and get more details,
• 13:30
  but there's more guys down under.
• 13:33
  Things are no better down in Australia.
• 13:34
  Australia, The Perth Mint Trusted Worldwide, has fully
• 13:39
  suspended all sales of silver products.
• 13:44
  Fully suspended, not a single coin our bar will leave their
• 13:49
  facility, effectively erasing one of the world's key sources
• 13:53
  of new physical supply. And there's one more that's in
• 13:57
  the United Kingdom, home of the LBMA, the London Bullion Market
• 14:01
  Association, who's monitoring the situation in the silver
• 14:05
  market closely from the UK. We hear from the Royal Mint, who
• 14:09
  has limited sales. They've limited sales to to 1 oz
• 14:13
  coins only. Formerly a reliable former
• 14:17
  formerly reliable for large bars and coins, the Britannia series
• 14:21
  series is now drastically constrained with every larger
• 14:25
  denomination barred from sale. Europe's last channel for
• 14:29
  institutional sized silver is closed.
• 14:32
  Guys, I mean, it's unbelievable what's going on.
• 14:35
  So that's for sovereign mints. But what about Vietnam?
• 14:40
  Asia's crazy about silver. India's crazy about silver and
• 14:44
  gold. We get this from Vietnam about
• 14:47
  gold. Cause gold and silver, right?
• 14:48
  They're like brother and sister. Let's go see what's happening in
• 14:51
  Vietnam. Do you think I bet there's
• 14:53
  plenty of gold in Vietnam? There has to be.
• 14:56
  Yeah, sure. This is from the DNA Express.
• 15:00
  OK, Vietnamese, hold on here am I sharing?
• 15:06
  There we go. I am.
• 15:06
  Vietnamese rush to buy gold but face empty shells on the first
• 15:11
  day as stateless bullion monopoly in red.
• 15:14
  Vietnamese consumers flocked to gold shops nationwide on Friday,
• 15:18
  the 1st day of the state ended its monopoly on bullion
• 15:21
  production, but many went home empty handed amid widespread
• 15:25
  shortages. By early afternoon long lines
• 15:28
  and formed outside the headquarters of the state owned
• 15:31
  Saigon Jewelry Corporation in Ho Chi Minh City, where most
• 15:34
  consumers came to buy gold rings.
• 15:36
  Each buyer was limited to .3 Taio.
• 15:39
  I don't know how to pronounce that to prevent hoarding.
• 15:43
  A taio equals 37g or a little over 1 oz.
• 15:47
  They limited people to 1 oz. And look at them lined up
• 15:51
  outside. But wait till you hear some of
• 15:52
  these first hand accounts. Oh my gosh, this is going to
• 15:55
  come in when this comes to the United States, then it's really
• 15:59
  game over. And that's what we can be
• 16:01
  excited about, guys. OK, OK, let's get to this in
• 16:04
  purple in in Hanoi Bao 10 men child store on Trom Dom downtown
• 16:10
  St. sold out of gold rings early in the morning and was only
• 16:14
  fulfilling pre-orders from the previous week.
• 16:18
  Quote there are many buyers today but supply could not meet
• 16:21
  demand said the shop employ and then just this one story from
• 16:25
  own. I feel sorry for her.
• 16:27
  She's 62 years old and she gave up.
• 16:30
  She gave up after waiting in line for hours.
• 16:34
  She said she prefers investing in gold since at her age it's
• 16:39
  difficult to manage or take risk with other types of assets.
• 16:44
  Basement dwellers, we talked about this many, many times that
• 16:49
  the menu of available places to put your value, put your money,
• 16:54
  put your U.S. Dollars, put your Canadian
• 16:56
  dollars, your EUR, whatever the available menu like when you go
• 17:00
  to a restaurant and they're super busy and they're sold out,
• 17:03
  sold out the menu. And that's what Ohm said right.
• 17:06
  The menu at this point for a lot of people around the world only
• 17:10
  has silver and gold on it right. Maybe some crypto great that's
• 17:14
  wonderful, whatever. But guys, that's the reality of
• 17:18
  what's happening around the world right now and something
• 17:21
  that the reason why we can be it's too bad that the world's
• 17:25
  running out of silver and gold. We saw it coming, but there's a
• 17:28
  reason why we can be optimistic about that.
• 17:31
  This could get even more extreme and that's because it hasn't
• 17:35
  even hit the United States yet. The world's biggest economy,
• 17:40
  right? That the the shops here, the one
• 17:42
  I called on Saturday, that they still have metal with the reason
• 17:46
  reason why that's a good thing is because it hasn't even
• 17:50
  started here yet. Your neighbors, OK, if you live
• 17:55
  in the United States, you guys are joining from all over the
• 17:57
  world and that's awesome. But your neighbors, right?
• 18:00
  Your neighbors who've never bought, never really paid
• 18:03
  attention to what when we wanted to talk about silver and gold,
• 18:05
  they like their eyes glazed over when they come into the game.
• 18:09
  And we we refer to those people endearingly as the sheeple.
• 18:16
  When the sheeple come running to the gold and silver world in the
• 18:21
  United States, it's really going to be game over.
• 18:24
  So it's absolutely nuts. Now let's go to II is the
• 18:27
  world's biggest importer of silver people in India.
• 18:31
  They we love you India. I love Indian people.
• 18:33
  My kids are friends with them. They're nice people.
• 18:35
  They're family oriented. And you know what else about
• 18:37
  people from India? They love gold and silver.
• 18:43
  They're like Chinese people. It's ingrained in their in their
• 18:47
  civilization. They love silver and gold.
• 18:50
  And wait till you hear this about India.
• 18:52
  OK, again, take your blood pressure medicine.
• 18:57
  Let's all take a deep breath, OK, And this is coming to us
• 19:01
  from where did this come from? Business world.
• 19:04
  Business world IN which maybe means India, the great silver
• 19:08
  squeeze, India's futures market faces a meltdown risk.
• 19:13
  All right, And guys, the whole article basically says this, OK,
• 19:19
  I can tell you what it says. I read it, we need to look eye
• 19:23
  to eye. It basically says that their
• 19:25
  futures market which is called like you know, like we have the
• 19:28
  COMEX here in the United States, the COMEX, our futures paper
• 19:32
  make believe. We're going to look at some data
• 19:33
  from that in a little bit. That's crazy as well.
• 19:35
  And we're going to talk about $3000 silver.
• 19:38
  But in India they have a futures market I think called the MCXI
• 19:42
  don't know, doesn't matter. It's a futures market like China
• 19:45
  has the Shanghai Gold Exchange, Shanghai Futures Exchange based
• 19:49
  on more physical. Well, the Indian futures market,
• 19:52
  they're saying, is getting into a very precarious situation,
• 19:56
  basically that like there's not enough silver to back up all the
• 20:00
  futures contracts or that it's getting precariously low.
• 20:03
  We're going to look at the data from the COMEX.
• 20:06
  That I think it's our from our friend Mako.
• 20:07
  Great. Again share with us.
• 20:09
  But before we do that, let's talk about $3000 silver.
• 20:13
  But before we do that talking about silver, let's I want to
• 20:16
  say thank you to channel sponsor First Mint.
• 20:20
  First Mint is owned by Keith Newmyer's First Majestic Silver.
• 20:25
  They're the only mint out there that digs the silver out of the
• 20:28
  ground in Mexico. They didn't then ship it
• 20:32
  directly to Las Vegas, NV where it's transformed into these.
• 20:36
  Here, I'll show you this one today.
• 20:37
  World class silver bullion products.
• 20:41
  This is the got to be the coolest thing ever.
• 20:43
  It's called, it's like a folded American flag.
• 20:46
  It's called Folds of Honor and they have a line like 3
• 20:50
  different Folds of Honor silver products, one of which is that
• 20:53
  10 oz bar I just showed you. But what's really cool about it
• 20:56
  is that part of the proceeds go to support the Folds of Honor
• 20:59
  Foundation, which provides academic scholarships to
• 21:03
  children and spouses of fallen and disabled members of the
• 21:08
  first responder community like firefighters, police officers,
• 21:12
  and military members. OK, so it's a really cool thing.
• 21:15
  And they've raised over $375,000 and they've like funded 75 plus
• 21:21
  scholarships. But the cool thing right about
• 21:24
  First Mint really is that it's it's silver that's coming from
• 21:28
  the mine to the mint to you. Never touched by the Comex and
• 21:32
  the LBMA, the freshest silver on the market.
• 21:34
  And since we're out here, I'll show you where to go to check
• 21:37
  them out yourself. Here's their website,
• 21:40
  firstmint.com, all spelled out. OK, They do have free shipping
• 21:45
  over $299. Make sure you check that with
• 21:49
  this craziness in the market. But there's the store in second
• 21:52
  from the bottom. Is that Folds of Honor?
• 21:55
  Everything they sell is unique. First class, really cool.
• 21:59
  There's their Las Vegas round, so check them out.
• 22:01
  And let's talk about $3000 silver.
• 22:04
  OK, I know crazy, right? What are you saying, Ryan?
• 22:08
  Oh, how could you say that? I'll tell you why I could say
• 22:10
  that. I've got real numbers and it
• 22:12
  came from one of our community members.
• 22:14
  I do read the comments. Make sure you leave comments.
• 22:17
  Make sure you subscribe. That makes this lady right here,
• 22:20
  right? For those of you who are new,
• 22:22
  that's upstairs Susie, that makes her very happy.
• 22:25
  She loves the community. But none the less, this
• 22:28
  community member made it real simple to understand and I'll
• 22:31
  make it real simple for you to understand as well.
• 22:35
  When we go read this comment and I'm going to get the screen up.
• 22:38
  This came from Rio Sewell 50. OK, He was talking about when I
• 22:43
  was talking about comparing the current silver price, 1980 or
• 22:48
  2011 and if you adjusted for inflation, the price is in
• 22:52
  current U.S. dollars is like $100 to $200.00.
• 22:56
  But he lays out why we can easily get to $3000.
• 23:00
  He says why not 1980? OK, it's easy to understand
• 23:04
  guys. Go in 1980 gold, the price of
• 23:07
  gold and the price of the Dow were about equal.
• 23:10
  They were both right around 809 hundred.
• 23:13
  The Dow Jones Industrial Average was 8 or 900.
• 23:16
  An ounce of gold was 8 or 900. Silver was about 116th of the
• 23:21
  Dow and the gold silver got the $50 per oz, which is about 116th
• 23:27
  of $800 per oz for gold or per unit of the Dow Jones Industrial
• 23:34
  Average. The Dow is now about, we'll say
• 23:37
  48,000, which probably is today. And gold is not even 110th of
• 23:42
  the Dow. So let's take a sidetrack onto
• 23:45
  gold right now. If we got back to like we were
• 23:48
  in 1980 where gold and the Dow were at parity, where they were
• 23:52
  equal to each other, we would have 47,048, 1000 per oz gold
• 23:58
  and silver. If it rose to 116th of the Dow
• 24:02
  again, just like it did in 1980, that's about $2937 per oz.
• 24:09
  And with today's prices that would be $3000 per oz.
• 24:13
  So guys, if we went back to the same relationship between silver
• 24:19
  in the Dow that we had in 1980, we really would have $3000
• 24:25
  silver. I know it sounds crazy, you know
• 24:28
  it, but but it just happened 45 years ago.
• 24:32
  And back then, the demand for silver, things were different
• 24:35
  back then, right? You didn't have China in India,
• 24:38
  major players, major players in the metals markets, in the world
• 24:43
  economy. And remember, there's 1.4
• 24:45
  billion people each each in China and India.
• 24:50
  That's 2.8 billion people. That's almost what, 8-9 times
• 24:54
  the amount of people in the United States.
• 24:56
  Oh, and by the way, those people are all becoming wealthier and
• 24:59
  wealthier. And oh, by the way, those 2.8
• 25:04
  billion people, right? They love gold and silver.
• 25:08
  They learned about it from their grandpa, they learned about it
• 25:11
  from their parents, and they're learning about it right now as
• 25:15
  gold and silver re exert themselves as a true form of
• 25:19
  money like they have been for thousands and thousands of
• 25:22
  years. All right, OK, let's go take,
• 25:25
  let's go take a look at the at the oh, before I do that, we're
• 25:29
  going, we're going to look at the US debt clocks and data.
• 25:32
  That's incredible. And then we got one more crazy
• 25:36
  piece of of news out of India. Before I do that, I want to say
• 25:39
  thanks to our other channel sponsor for gold and silver
• 25:41
  content. First mining gold.
• 25:43
  They're a Canadian gold development stage company.
• 25:47
  They have two huge gold projects in Canada, spring pull in
• 25:52
  Ontario, Duparke in Quebec. They both have multi million
• 25:55
  ounces of gold in the ground. Hey, look, I stack silver.
• 25:59
  I don't keep it here at the house.
• 26:01
  I've but I've stacked silver for many years.
• 26:02
  I've never been a huge physical gold stacker.
• 26:05
  Kind of wish I was now, but I always did invest in gold mining
• 26:10
  stocks, OK, including first mining gold before they
• 26:13
  sponsored my channel. And the reason why is I like
• 26:16
  this idea of having owning a stock that owned a lot of gold
• 26:20
  in the ground because you could get it for much, much less per
• 26:23
  oz. Granted, it's in the ground.
• 26:25
  They need to get permits, all that great stuff.
• 26:28
  But that's what that I liked about first mining gold.
• 26:30
  It's like owning gold in the ground.
• 26:32
  It's been drilled. Hundreds of millions was spent
• 26:35
  drilling and defining these deposits that are huge.
• 26:40
  And in Canada, which is a very safe, desirable jurisdiction,
• 26:45
  not somewhere far-flung in a in a country that may have
• 26:49
  political instability, although some may argue Canada has some
• 26:52
  political instability. The whole world seems to have a
• 26:55
  little political instability. But these are big projects in
• 26:58
  Canada. The big, this is what's
• 26:59
  interesting and this is good for same is true even more so with
• 27:03
  silver, but also with gold. The big companies, the big
• 27:07
  mining companies over the last 15 years, we're not spending
• 27:11
  money exploring for new gold or silver projects for that matter.
• 27:15
  OK, So the pipeline, they have pipelines every time they mine
• 27:19
  an ounce of gold or silver, they got to replace it for future
• 27:22
  production and they haven't been doing that.
• 27:24
  So they're, you know, and that bodes well for silver again,
• 27:28
  really even more so. But it's also extremely true for
• 27:31
  gold. When these big companies are
• 27:34
  going to start looking now to replenish their pipelines,
• 27:37
  right? Because this gold boom just
• 27:38
  happened right then. They were paying off that in the
• 27:42
  past, that type of thing. They're going to need to look to
• 27:45
  companies that have big projects and good favorable
• 27:48
  jurisdictions. Oh, and there's a bonus on top.
• 27:50
  These big mining companies, now, they gold and silver suddenly
• 27:54
  just beginning to become into fashion, they're going to need
• 27:58
  to grow as well. Anyway, you can learn more about
• 28:00
  first mining gold at firstmininggold.com.
• 28:02
  Let's go out and see what the dude has to say with us again.
• 28:07
  I'm going to say it for the third time today.
• 28:09
  We need to take our blood pressure medicine.
• 28:11
  This was a friendly reminder from the dude.
• 28:14
  This comes from the US Deck Clock.
• 28:16
  Friendly reminder, the paper to silver ratio right now is
• 28:21
  sitting at 359 to one. This means there's 359 people
• 28:28
  that think they own silver to every one person who actually
• 28:33
  does, right. We know what's happening right
• 28:36
  now with the paper markets bad, what's going on, the dislocation
• 28:40
  between the US futures market at the COMEX and what's going going
• 28:44
  on at the LBMA. But guys, let that sink in here.
• 28:47
  Let's pull this up. I'm sorry I didn't show you the
• 28:49
  right part. There it is right there.
• 28:51
  This comes the screenshot he took from the US debt clock.
• 28:54
  But the paper, I think I'm circling it in red.
• 28:59
  You should be able to see it. The paper to silver ratio right
• 29:03
  now sits at 359, almost 360 to one.
• 29:08
  That's like every day in the year they think they own silver,
• 29:12
  but only one day out of the year they actually do own silver.
• 29:15
  And it's even pretty crazy on gold right now as well, almost
• 29:19
  140 to 1. So wow, just absolutely crazy
• 29:25
  situations that are developing. And one more fun thing to look
• 29:28
  at. We'll get a big smile from our
• 29:30
  friends in India and then we'll ring the gong for you guys.
• 29:34
  We have over 200 thumbs up. This came from Eric.
• 29:37
  Am I sharing the right screen? I am OK.
• 29:40
  Eric Young King Kong 9888. He's like one of the smartest
• 29:46
  guys out there on X super highly, highly respected.
• 29:49
  He says Indian Indian newspaper about silver.
• 29:53
  This is an Indian. Excuse me newspaper.
• 29:57
  Thanks bike bank Weimer for the heads up.
• 30:01
  Look at this headline from India.
• 30:04
  Not even it's a tongue twister, not even a sliver of silver
• 30:10
  available. Prices are skyrocketing.
• 30:13
  There's no silver available. Guys, we are living through a
• 30:17
  truly, truly epic time to be invested in the precious metals.
• 30:23
  Before I forget if you've got some precious metals or
• 30:26
  something else you want to keep safe, I do want to say thank you
• 30:29
  to this company. They've been with me now for
• 30:31
  about a year. It's been a great experience.
• 30:33
  Dirty man, safe. These are safe that you bury in
• 30:37
  your ground. There's a discount code there.
• 30:39
  Ron 10 anything valuable and they make different sizes.
• 30:43
  This is actually the smallest. The Dirty girl say hi, dirty
• 30:46
  girl. But they also make The Dirty
• 30:47
  man, which is a little bigger and The Dirty old man, which is
• 30:51
  even bigger than that. But these things are cool.
• 30:54
  They come with a sleeve and a cap and all kinds of stuff.
• 30:57
  You can check them out at Dirty Man.
• 30:59
  OK, dirtyman.com. Again, Ron 10 is the discount
• 31:02
  code. And I mean, it's super cool.
• 31:05
  When I first heard about him, I was like, oh, it's a piece of
• 31:07
  plastic tube. And he said, well, let me send
• 31:08
  you 1. And I got it.
• 31:10
  And I was like, hey, that's actually really cool.
• 31:13
  OK, very robust. And then you can hide whatever
• 31:15
  you want in there. I happen to have a Unicorn
• 31:17
  inside mine. OK, but think about it.
• 31:20
  Maybe you have a safe at your house.
• 31:22
  Maybe you have a safety deposit box at the bank.
• 31:25
  This gives people an opportunity to diversify and have things
• 31:31
  kept in a safe place. It's a little bit different.
• 31:34
  And I want you to think about something.
• 31:36
  What did those pirates, how did the pirates protect their
• 31:40
  treasure when they buried it? Right.
• 31:42
  And it's been there for, what, thousands of years?
• 31:45
  When things are buried, it can't get destroyed by fire.
• 31:48
  Even during those Los Angeles fires, people lost all kinds of
• 31:52
  stuff that they thought were in fireproof safes.
• 31:54
  OK, a flood, everything. So then it's kind of fun.
• 31:58
  You get to be a pirate, R Just make sure you remember where you
• 32:00
  bury it and maybe tell one person.
• 32:02
  Don't tell me, OK? And yeah.
• 32:06
  All right, guys. So look, this is going to be a
• 32:08
  wild ride. We've got a lot going on.
• 32:10
  We talked about Bank of America 5006 thousand $8000 gold, $65
• 32:16
  silver. Elon Musk, we're going to keep
• 32:18
  an eye on him. We know what's going on in
• 32:20
  Vietnam right now. No gold available.
• 32:22
  India, right? Crazy stuff going on even on
• 32:25
  their futures market. It's easy math.
• 32:28
  If we compare to 1980, thanks to our subscriber that pointed that
• 32:33
  out, that $3000 silver is not out of the question.
• 32:37
  The paper markets are out of control.
• 32:39
  You got what you got a you got a paper ounce of silver for every
• 32:42
  one day of the year and only one real ounce of silver.
• 32:45
  You be good. Thanks for being here.
• 32:48
  Oh, I got to ring the gong. Thanks for being part of the
• 32:50
  basement. It's time to ring the golden
• 32:51
  gong. Listen to it resonate.
• 33:00
  OK, that's our end of live stream ritual.
• 33:03
  Thank you for being here. I want you to come back to the
• 33:05
  basement. It's cold and lonely down here
• 33:08
  unless you show up. So thanks for showing up,
• 33:10
  Buttercup. So you could subscribe.
• 33:14
  Subscribe to the channel. Susie's gone.
• 33:16
  She didn't get to say hi to you, but I'll say hi for her.
• 33:19
  Hi, everybody. High 5 from Susie.
• 33:22
  She has a mother who's in her 90s who she takes care of.
• 33:26
  We love you guys. OK, Take care, be ready, then be
• 33:29
  prepared. That's the other thing I just
• 33:30
  want to say. But we're going to have, we're
• 33:33
  going to have some big green days in the future.
• 33:36
  I know it. But part of that are also some
• 33:38
  red days. So just be mentally prepared for
• 33:40
  volatility. Always be safe.
• 33:43
  I'm not a financial advisor, right?
• 33:45
  Do your own research, but I think we're in for some good
• 33:48
  times ahead and I'm looking forward to sharing it with you.
• 33:51
  You take care and I'll see you next time.