Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / I'M Warning YOU 🚨 IT'S Happening! 🚨 -- SILVER Price & GOLD Prepare for THIS NEWS!

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I'M Warning YOU 🚨 IT'S Happening! 🚨 -- SILVER Price & GOLD Prepare for THIS NEWS! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
The biggest day in the history of the universe, even for
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precious metals, the silver price and gold price.
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The Election Day has arrived. We're going to talk about what
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it means for the price of gold and silver in this video, but I
0:16
also want to give you a little sneak peek and primer because
0:19
later we're going to talk about gold, a period of time when it
0:23
went up 78 * 7800% and why unarguably the setup that we're
0:33
in right now is even more favorable for even more extreme
0:38
price increases in gold and silver.
0:41
We're going to talk about all of that right now.
0:43
Thank you for being here. Thank you for being part of the
0:45
basement. Please subscribe to the channel,
0:48
give the video a thumbs up, and super chats and super thanks are
0:51
always super appreciated. I missed the Super chat
0:54
yesterday from our good friend Cliff Moberg.
0:57
So thank you Mr. Cliff for the Super chat.
1:00
And he brought up an idea of maybe having some 10 oz Ron's
1:04
basement silver bars made-up and some people thought that was a
1:08
good idea. Let me know what you guys think
1:10
on that. Maybe I can talk to the guys at
1:12
Pembacs and see how we might be able to facilitate that.
1:16
But thank you, Cliff, as always for your insights and your
1:19
contributions to the channel. Now let's talk about the big
1:22
election. What does it mean?
1:24
Hello, Don Howe, good to see you my friend.
1:27
Thank you for the Super chat. I'm doing some off site.
1:30
We have a family event that we're at, so it's a little
1:33
harder for me to see everything that's going on, but I'll
1:36
promise guys, I'll do my best. But let's talk about the
1:38
election. What does it mean for the silver
1:41
price and gold price? I found this very, very
1:44
interesting because everybody's talking about, I mean, the next
1:48
24 hours could be crazy in silver and gold.
1:52
What I told you was the one thing we can say for certain
1:55
that's going to happen over the next 24 to 36 hours, maybe even
2:00
longer, is uncertainty. Nobody can tell you, but the
2:05
World Gold Council did some some investigative work and came out
2:09
with some interesting data about gold and silver price after the
2:14
election. They did.
2:15
They did a study starting in 1972 and found that gold and
2:22
silver do not really react to whether it's a Democrat or a
2:26
Republican. No big definitive difference
2:30
depending on which party comes to power on the silver and gold
2:34
price. So are things different now?
2:37
Sure, right. This is one of the most
2:39
contentious elections that we've ever been through.
2:42
But you know, there's something else major that's different
2:45
going on right now, and that is the financial situation that
2:49
either of these candidates will find themselves in if and when
2:54
they are elected. That is different.
2:56
OK. And neither party is making a
2:58
point to address this, neither one.
3:01
OK, the debt and deficit are skyrocketing in the interest
3:05
expense that you pay and I pay on a daily basis as U.S.
3:10
citizens is also absolutely skyrocketing.
3:14
No matter what happens guys, at the end of the day, we still
3:18
have a massive, massive debt, deficit and interest expense
3:23
problem in this country. And what is what is inflation,
3:28
right? Inflation, inflation, inflation.
3:33
Look, no matter how you slice it or dice it, no matter what smoke
3:38
and mirrors you apply to it, inflation is going to absolutely
3:42
rule the not day the decade for the next 10 years.
3:48
We look out to 2034. I'm telling you guys, we are in
3:52
for an inflationary issue like we have never, ever faced 4 Hold
3:56
on here. Now I can see I did.
3:59
Todd. Thank you, Todd Warsaw and Don
4:01
Howe for the Super chats. There you are, guys.
4:04
You're on the screen now. Inflation is what we're going to
4:07
be dealing with. And inflation, OK, can be
4:10
defined very simply. Very simply, inflation can be
4:15
defined as the increase in the M2 money supply.
4:20
That's what any top economist will tell you.
4:22
That's what they've known for decades.
4:24
If you increase the money supply, if there's more dollars
4:27
being created, that dilutes the value of the dollar, that
4:32
creates inflation. And that is what will rule
4:35
absolutely the silver price and gold price as we move forward.
4:39
I was just talking to my dad this morning and he's not an
4:41
economist. He's not somebody like us that
4:43
digs in and, and I was explaining to him, I'm like,
4:46
that's how they've stolen from you over the last ten, 20-30
4:51
years, right? My dad's a middle class guy,
4:54
very frugal, very smart, but he's not into money.
4:56
He's not into economics. And, and I said, you know, for
4:59
whatever amount, let's say you had $100,000 in the bank, right,
5:03
because of inflation, right? You've they've stolen from you.
5:07
We were talking about the political situation in the
5:09
country and how there's, you know, so much hatred on each
5:11
side. And I said what people don't
5:13
really realize is they should be very angry.
5:16
Not necessarily. I'm not this not a political
5:18
show, not at the other party, but at the Fed, the feds.
5:23
Who's really stuck it to him over the last 20 or 30 years,
5:27
Right. That 100K that you had in the
5:30
bank five years ago now only buys the equivalent of 75,000 of
5:35
what it would have bought five years ago, if even that.
5:38
My gosh, Have you been to the grocery store lately?
5:41
Where was I last night? Oh, we went to dinner last night
5:44
at a place, a place called the Shrimp Basket that we've gone to
5:48
for the last 10 years. And we were walking out and
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Susie was like, I remember we used to come here and we could
5:54
get like a, a, a plate or a sandwich for like 10 bucks.
5:57
Everything has doubled. You know it, I know it.
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That's how there's inflation. And guess what else though?
6:03
The gold price, the silver price, they kind of doubled over
6:06
that same period of time, right? So that's why as we look out
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into these next coming years, that's what will be happening
6:14
regardless. And look, I know I have my views
6:18
on this big presidential race. I'm sure you do as well.
6:21
But at the end of the day, guys, what's going to what?
6:24
The reason why we want to own silver and gold is because we
6:28
are in a difficult situation that's not at all getting any
6:33
better. Let's do our daily field trip.
6:36
Basement dwellers. Thank you again, Don and Todd
6:38
for the Super chats. Super appreciated.
6:42
OK, I want to go out and let's take a look because we're
6:46
hitting some very critical time periods right now.
6:51
Here we are at the US debt clock as we're almost there, 35
6:55
trillion, $973 billion in national debt.
7:01
Don't forget, this is our deficit.
7:04
This is the amount that we are spending as a country that is in
7:08
excess of the amount of money that we are bringing in, right?
7:12
We're bringing in what, 5 trillion?
7:14
Apparently we're spending 7 trillion.
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That doesn't work. All that gets added into this,
7:20
the new US national debt and all of this creates this interest
7:25
expense, which very soon will hit $1 trillion.
7:29
Look, next to the interest expense, we're spending more on
7:32
interest than we are on defense. I think we're spending like 20%
7:38
of the tax revenues. That means $0.20 out of every
7:41
dollar that you pay in taxes now goes to pay interest expense.
7:46
Interest expense, you get nothing for that.
7:49
You get nothing. Sorry, no soup for you, right?
7:54
Every dollar you send into the US Treasury, when you pay your
7:57
taxes 20% sooner it'll be 25%, then it'll be 30%.
8:02
Pretty soon all the money that we pay in taxes will just go to
8:07
pay interest. It doesn't work.
8:09
And this number will only continue to skyrocket because as
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countries figure this out, which they are, the BRICS countries,
8:16
right, they're not going to want to finance this 36 trillion, 38,
8:20
forty, $50 trillion of national debt.
8:23
Now we talked about the M2 money supply earlier and what that
8:27
means and what that is inflation here, that is right here, the
8:30
USM 2 money supply. Oh boy, I hope I got you guys on
8:34
the right screen, which I do, OK.
8:37
That now sits at $21 trillion. But as you can see, our
8:41
government is continuing to print money basically no matter
8:45
how you want, you know, in increasing the USM 2 money
8:49
supply. And what we love to look at, oh
8:53
boy, I wonder if it went up today, the dollar to silver
8:57
ratio, because what this measures is that increase in the
9:02
M2 money supply, all right, relative to each one ounce of
9:08
silver that's created every year, that's mined out of the
9:11
ground or comes through a recycling efforts.
9:14
And guys that continues, right? For each one ounce of silver,
9:17
we're now getting $965 of printed Unicorn fart dust into
9:24
money being pushed into the system.
9:28
We are in a spiral. We are in a not good situation.
9:31
But since we're here 965, let's go out to our little spreadsheet
9:37
and update. Hold on, we're perfectionist
9:41
here 965, as you can see. I mean, look at this number.
9:47
My gosh, it hasn't even been a month.
9:49
It's been 2 weeks. We've gone from being at $729,
9:53
being created for each one ounce of silver being created all the
9:58
way to 965. Are you seeing a trend?
10:01
Are you seeing what I am when we look at these numbers and it is
10:05
downright frightening, OK, downright frightening.
10:11
Debt is destroying our country. Even our own government now is
10:15
pointing that out. OK, we've got we've got the
10:19
government figures that show the growth in the debt and what it
10:22
looks like in the coming years. And guys, it the government's
10:26
pointed out to us, OK, the trend of deficits, higher debt and
10:30
interest expense will continue. Let's go, let's go.
10:35
And then we're going to come back and talk about gold going
10:38
up by 78 times. But let's go check out, do our
10:41
daily check on the Shanghai Gold Exchange.
10:46
Here's our friend, the Oriental Ghost.
10:47
Thank you again for your data. I want to .0.
10:50
We need to check on the silver price here too.
10:52
What the heck? What do you say, basement
10:54
dwellers? But we'll do this first, the
10:56
Shanghai Gold Exchange, SGE. There's Silver AG on the
11:00
Shanghai Gold Exchange 3493 because it's Election Day, we're
11:05
going to round up, we're going to say that in China, silver is
11:09
selling for $35 per oz. For those of you who are new,
11:13
that is important because this the Shanghai Gold Exchange and
11:19
we emphasize the high because for silver, the price always
11:22
seems to be significantly higher is a physical market.
11:26
It's a physical market. You got to have the physical.
11:29
It's not like the United States and the London Million Market
11:32
Association where you can trade whatever make believe silver,
11:36
Fantasyland, fantasy island silver.
11:39
And I'm telling you, the Chinese and the Indians and the
11:42
Russians, right, even the Brazilians, they're all looking
11:45
at that saying you guys have fun with your make believe silver,
11:48
but we're going to deal with the Real McCoy.
11:51
All right. And when this all comes home to
11:53
roost, the Comex and the LBMA are going to be in big, big,
11:56
big, big trouble. Because think about this.
11:59
Remember what happened in the nickel market not too long ago?
12:03
Nickel's a metal. And on the London Metal
12:05
Exchange, the market broke, OK? The market broke that same
12:11
thing. It's important.
12:12
The reason why that's important is because that same thing can
12:15
happen with the silver market. Look, there have been people,
12:19
including me who spent decades learning about this and it is
12:24
real, right? The silver shortage is real.
12:28
And the fact that, look, just because the silver market never
12:32
has broke doesn't mean that it never will, right?
12:36
We suffer from recency bias. We, we suffer, you know, it's
12:40
like recency bias is so critical for you to understand, for me to
12:44
understand as a precious metals investor, because right, when it
12:48
comes to our financial system, when it comes to our national
12:51
debt, that's recency bias. Those are the people when you
12:54
talk to him, right? You said, Oh my God, have you
12:56
seen the national debt? Ron from Ron's basement says
12:58
it's $36 trillion. The sky is falling.
13:01
The sky is falling. Oh my God, don't worry about it.
13:05
We've always had a big national debt.
13:07
It's never been a problem. And you know what?
13:09
They're right, right? They're right.
13:11
We always have had that big. Thank you, Silver Surfer.
13:14
I'll read that in one second. We've never had a big problem.
13:17
That doesn't mean that we're never are going to have a big
13:20
problem, right? Think about the British Empire
13:24
for, for, for, for centuries they ruled the world.
13:26
They never had a big problem until they did, until their debt
13:31
got out of control. So this recency bias is real,
13:35
and it's something that you really need to pay attention to.
13:39
Hold on. Let's go see what Silver Surfer
13:41
has to say. He's a great contributor as a
13:44
trader. I went long silver for the first
13:46
time the day after Trump was elected in 2016.
13:50
Never looked back. No regrets.
13:52
Thank you Silver Surfer. Thank you for your for your your
13:55
comment. And I told you guys earlier in
13:58
the week and maybe on Saturday and Sunday.
14:00
My gut tells me we are going to have much higher silver prices
14:05
by the end of this week. I just feel it now.
14:08
My feeling is usually right, but often times wrong.
14:12
But Silver Surfer, we'll see what happens tonight with the
14:14
election. Let's go out and check on the
14:16
silver price, guys, because there is a lot happening today
14:20
and we want to stay on top of things.
14:22
This is not updated, so let's press the button.
14:25
Everybody take a deep breath. Last time, about 20 minutes ago,
14:28
silver was up $0.35 and silver's up $0.38.
14:34
Woohoo, gold up 11 bucks. Hey, you know, remember we going
14:40
to have some massive volatility, but we won't complain when the
14:44
price is up. I want to say thank you and I
14:46
want to talk to you about Pinbecks, guys.
14:48
They sponsor Ron's Basement. They make this possible.
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They're an online bullion dealer where you can get gold, silver,
14:55
platinum, group metals. They always recommend right
14:58
stack responsibly, dollar cost average.
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These are, these guys are really, really providing the
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stacking community a great service, the basement dweller
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community a great service. They've ultra competitive
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prices, great selection, right? And #1 it's a company that I
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know I trust and I know I feel very comfortable and confident
15:21
recommending them to you because I think that you can trust them
15:24
too. Now, I can't make any decisions
15:26
for you. You're, you're your own, your
15:28
own basement dweller, your own, whatever you want to call
15:31
yourself, right? But you know, you really might
15:34
benefit from considering checking out Pinbacks next time
15:38
you're in the market for gold, silver or platinum group metals.
15:41
I get emails from you guys saying, Ron, thank you.
15:44
I got one the other day. I read it to you guys.
15:46
The guys like I saved $995 buying from PMBEX relative to
15:51
the other place that I used to buy from and coin shop.
15:54
Chris and I right, we would all, he would go through these
15:57
examples. I mean it really.
15:59
And, and you're getting the exact same silver, the exact
16:02
same goal. You're getting the exact same
16:04
metal, right? An American Silver Eagle is
16:07
American Silver Eagle, right? Real, legitimate stuff.
16:10
Please check out Pembacs. All right, let's move on.
16:13
Oh boy, we got so much going on. Let's talk about gold.
16:16
This is crazy. This is the smartest guy in the
16:21
room, the smartest gold and silver guy in the room that
16:24
that's writing. And I'm going to give you
16:26
unbelievable information and a big, big, big, big happy
16:30
surprise for you and me as silver and gold investors when
16:35
he talks about the big picture with silver and gold.
16:38
The big reason why you want to hold silver and gold.
16:42
Now, I'm not giving financial advice.
16:43
I'm just reporting the news. But this is good news and let's
16:47
get into it right now. This comes from right here, Egon
16:55
van Gueres, OK, he is, he is the smartest guy in the room.
16:59
I think he's in Switzerland. All right, Gold, best asset in
17:03
the two in 2000s, but you ain't seen nothing yet.
17:08
Guys, it gets better. Wait till you get a load of what
17:11
he's talking about and I'm not going to read every detail of
17:14
this article, but he talks about he stated unsustainable deficits
17:19
check and galloping debt levels. I've never heard of it that way.
17:25
I'm I'm envisioning Lone Ranger or whatever.
17:27
Galloping debt levels combined with a crumbling military are
17:31
the perfect recipe for the end of an empire.
17:35
Look, I love America, I love this country and my kids.
17:38
You know I'm not anti American. Make sure I got you on the right
17:42
screen. But guys, empires do end.
17:46
Bad things do happen, OK? History doesn't just rhyme, but
17:50
it repeats itself over and over and over again.
17:55
We just look. Let's just look at the final
17:58
stages of a debt crisis. Wait till you see this chart.
18:02
The table below shows the disastrous result of
18:05
irresponsible governments during the last 54 years. 54 years?
18:10
That would have been what, 1971? But look at this chart.
18:15
When paper money dies, OK, in the year 1970, which happens to
18:19
be the year that I was born, what year were you born?
18:23
Right? We had that much debt, .4
18:25
trillion. That was the gold price, OK, and
18:29
that was the baseline for the US dollar.
18:32
If we go down this chart, we just go to 1990.
18:35
We had three trillion in debt. The dollar had fallen 92%.
18:39
This was when Nixon took us off the gold standard.
18:42
OK, we Fast forward to 2020. Oh, we got to look at the gold
18:47
price too. Look at the gold price, $35.
18:51
OK, Don't worry. We're going to talk about 78X
18:54
gold and why the next decades are going to be even crazier.
18:57
This is happening faster and faster.
18:59
If we go down to, let's just go to the current year, 35 trillion
19:03
in debt. Gold, as you know, $2740 per oz.
19:09
the US dollar has lost now 99% of its value.
19:14
If we project these numbers forward to A50 trillion debt,
19:18
which I think it could be more, but let's just say 50 trillion
19:21
by 2030, gold would be at 10,000 per oz and the US dollar would
19:27
have fallen. I mean, we've fallen so much,
19:29
but it would have fallen another 70% from where it is right now.
19:34
If we go to 2040, we've got 100 trillion in debt.
19:38
And again, these numbers could move much faster than that.
19:40
Gold would be at 30,000 and we would have lost 99.9% of the
19:46
value of the US dollar. This, that's the trajectory in
19:51
which we are heading right now. But wait, there's more.
19:55
There's more. There's a lot more.
19:58
OK? There's a lot, lot more that
20:00
we're going to look at from Oregon.
20:01
But before we do that, I want to quickly say something to you.
20:04
Thank you for being here today, this connection we have.
20:08
In the basement, basement dwellers is a big deal.
20:11
Your time's important. You are important.
20:14
You are a big part of this community.
20:16
Wonderful people in the chat. So many friendships have been
20:19
forged here. It's an honor for me to get to
20:21
do this. I just wanted to say thank you.
20:23
Gold and silver are important, right?
20:25
And we're going to get back to the 78X gold thing, but
20:29
relationships and people are even more important.
20:31
Yeah, I was, I'll tell you a quick, quick story.
20:33
I was, my daughters and Susie were in a gift shop last night
20:37
and I made the smart decision to wait in our minivan.
20:40
And my 84 year old dad was sitting next to me and he looked
20:45
over and he's, he's got a cell phone.
20:46
And he was like, I have a problem with my phone.
20:48
Every time I go to take a picture, it makes me wait 2
20:52
seconds. And he had accidentally turned
20:55
the timer on on his phone. You know when you would take a
20:58
picture so it would countdown. I said, dad, let me see your
21:00
phone. I looked, I said, OK, So then I
21:03
switched it to 10 seconds and I handed it back to him.
21:06
I said here, see if you like this better.
21:08
And he was like, Oh no. I said no, dude, the timer's on.
21:11
And we fixed it. He was so happy, you know, and,
21:15
and for some reason at that minute it hit me.
21:17
I thought this is what life is about this.
21:19
The gold and silver price. Yes, those are important, right?
21:22
And I don't know why I went through that story with you, but
21:25
you're important. Our relationships, our
21:26
friendships. I was talking to Coin Shop Chris
21:28
last night on the phone. That's number one.
21:30
Let's get back to gold and silver.
21:32
I digressed again. All right, Because Ergon, is it
21:37
Ergon or Egon? Let's get that right.
21:40
I'm going to be respectful to this man.
21:42
Egon. You got to love that name.
21:43
Egon. It's like I'm going to change my
21:46
name to Eron. OK?
21:48
But it gets better, guys. I'm just reading the highlights.
21:51
In 1971, Nixon took away the dollar's gold backing.
21:54
He said your dollar will be worth as much tomorrow, right?
22:01
Why did they have to do that? Well, now, well, you know, they
22:04
took, they remember 1971, President Nixon temporarily took
22:07
us off the gold, gold standard. If Tricky Dick was still alive
22:11
today, he can, of course argue that he didn't lie.
22:15
Let's look at this. This is crazy, OK?
22:19
The dollar crash. The dollar's crashed.
22:21
We've been through a crash, guys, and people don't even
22:24
realize it since Nixon temporarily devalued the dollar
22:27
in 1971 in spite of his assurances that the dollar in
22:32
your pocket will be worth the same, right?
22:35
The dollar, and look at this, has gone down by 99%.
22:41
Yes, 99%, and there's another 99.
22:46
Remember that chart we looked at earlier?
22:48
Another 99% fall ahead. Don't worry, we're going to get
22:52
to the point where we have $7800, our 7800% price increase
23:00
because a dollar today is still worth a dollar.
23:03
This is critical. OK, so Nixon said your dollar
23:06
will be worth as much tomorrow as it is today.
23:09
These are our politicians, right?
23:11
You don't worry, right? And the dollar still is a
23:14
dollar. You guys remember Pat Holland,
23:16
he's a great friend of the channel.
23:17
He describes this as nominal confusion, right?
23:21
A dollar is still a dollar, $100 bill is still $100 bill.
23:27
So we get confused. Look, 15 years ago, if you gave,
23:32
if I gave you $100 bill or you gave me $100 bill, think about
23:36
it. It was like, whoa, it's $100
23:38
bill. That's really nice.
23:39
Today, if I hand you right now $100 bill, you can be like,
23:45
whoa, it's $100 bill. It's really nice.
23:47
It still has some value in our heads.
23:50
We're confused. We're brainwashed, right?
23:52
But you and I very well know that that same $100 bill that I
23:57
gave you 15 years ago, 15 years ago, would buy at least twice as
24:02
much at the grocery store or the gas station or wherever you
24:06
frequent twice as much. But in our minds, it's still so
24:10
Nixon said a dollar still be a dollar.
24:12
It'll be good. Everything's OK.
24:14
Yeah. No, it's not OK.
24:16
It is not OK. And it's going to get way, way,
24:20
way worse, OK, OK. Because a dollar today is still
24:24
worth a dollar, he would argue, but he wouldn't tell anyone that
24:27
the dollar 53 years later would have lost 99% of its purchasing
24:33
power. So now let's look at the gold
24:35
price in dollars, OK, And here you have it.
24:39
And then I got the big kicker for you that we need to consider
24:43
it, which is super exciting when we think about the silver price
24:46
and the gold price. But gold is up 78 X 7800% cents.
24:52
Nixon closed the gold window in 1971.
24:57
Remember a dollar? Still a dollar, but with 30 Five
25:02
of those dollars in 1971. You well I think not till 1976
25:08
because that was technically when they allowed U.S. citizens
25:11
to buy gold again. But you get the point, $3540 in
25:15
1976 you could buy an ounce of gold, 35 or $40 today.
25:22
That doesn't even buy like, I mean, what does that buy?
25:26
One 100th, 180th of an ounce, right?
25:30
Those same $40.50 dollars, let's say $50.00 that you have back
25:36
then, right? That you could buy an ounce of
25:38
gold with today. We'll buy you what, like 150th
25:42
of an ounce maybe maybe yeah, basically, OK, that's that's
25:46
what's happened. That's the reality.
25:48
And yes, right, gold did go up 7800 and that's not the kicker.
25:56
Gold is up 78 X, OK. The next phase will be
26:00
acceleration. This is where it gets
26:04
interesting, guys. Acceleration.
26:06
It's the law of big numbers. It's the law of compounding
26:09
interest. And that's where we are right
26:12
now because of this. Let's go back up there, OK?
26:20
Right out of control, we're not going to spend much time there,
26:23
but this number right is growing now exponentially.
26:28
As I explained in this article, gold will rise by multiples in
26:31
the coming years. Obviously that we'll have
26:34
corrections right? It's not going to be a straight
26:36
up. Then they talk about all the
26:37
emperors empires. This has happened before paper
26:41
money eventually returns to its intrinsic value. 0 paper is
26:47
paper 0 Spend those paper dollars while you can, right?
26:51
And you know, look, I'm not saying this is going to happen
26:53
tomorrow, but it's happening right now.
26:56
Right now when we have when have we ever heard of a leader
27:01
telling us that we must protect ourselves against the fraudulent
27:04
destruction of our wealth by constantly debasing the value of
27:08
money? What they're saying is, and
27:10
that's what I tried to explain to my dad, you know, hey, look,
27:14
that's where they've really screwed you.
27:16
Alan Greenspan, former Federal Reserve Chairman.
27:22
Let me look you in the eye here, basement dwellers.
27:24
I know it's a crazy day. It's Election Day everybody I
27:28
understand. But man, we can feel good about
27:31
the fact that we are in silver and gold.
27:36
Do you feel good? Right It it could be crazy these
27:39
next 483696 hours with but man, right, this is the oh, here, I
27:45
got a piece. Look at that, huh?
27:49
Look at that. Doesn't it feel good to own some
27:51
of that? Oh, man, Doesn't it feel good,
27:54
huh? Yeah, it feels good.
27:56
Now, where was that? Let's go back to our article.
28:00
I think I'm doing good. Thank you guys for the Super
28:02
chats. OK, Alan.
28:05
Oh, this is Alan Greenspan, right?
28:07
The federal. Federal, whatever.
28:09
He was president, chairman, whatever, said in the absence of
28:13
the gold standard, there's no way to protect savings from
28:16
confiscation through inflation. There's no safe store of value.
28:21
OK. The Financial Policy of the
28:23
welfare state requires that there be no way for the owners
28:27
of wealth to protect themselves. OK.
28:30
It's the shabby secret of the wealth welfare statistics.
28:35
All right, I won't go through all that, but oh, yeah, here we
28:38
go. Now let's look at this.
28:41
It's not just the United States of America.
28:44
No, this is global debt. Look at this.
28:47
Since 1971, global debt has gone from 44 trillion all the way up
28:55
to in 2021. And we know now it's probably
29:00
like 330 trillion U.S. dollars. Guys, this does not end well.
29:05
Global debt almost went up by 100 times, right in the last 54
29:10
years. Are you kidding me?
29:13
Oh, hold on here. When will it end?
29:20
OK, there we are. Christine Lagarde and Gomer Pyle
29:27
with their print, print, print, print, Right.
29:29
Printing ink. Yeah.
29:32
And those are all the people, right?
29:34
They're just going to print money.
29:35
OK, Very few. This is this is the last point I
29:41
want to make, He says. Very few will think of
29:44
alternative investments like gold to preserve wealth until
29:48
it's too late. Your neighbors, the sheep, all
29:56
they're not going to wake up until it's too late.
29:59
And then they're going to be like, wow, Can you believe that
30:03
we actually believed in paper money?
30:05
Well, you know, hey, don't say you weren't warned or the
30:08
opportunity wasn't there, right? OK.
30:11
And at that point, gold would have gone up so much in value
30:14
and silver with very few participating.
30:17
There are very few people participating in this.
30:21
Everyone will find gold too expensive.
30:23
Very few will realize gold isn't.
30:25
Gold isn't going up, but paper money is going down.
30:35
OK, we're going to get back to more.
30:36
You want to hear about shortages, silver shortage,
30:40
silver gone. Silver, silver, silver.
30:43
We're going to talk about your favorite subject, silver.
30:45
I do want to say thank you to our other channel sponsors.
30:49
Let's start with Fortuna Mining, active mining company right
30:54
there mining silver and gold in Latin America in an ever
30:58
increasing amount of gold in West Africa.
31:01
They've got a big gold mine in Cote d'Ivoire, the Ivory Coast
31:06
that is doing very, very well. Big potential development stage
31:10
project in Senegal and another operating mine in Burkina Faso.
31:13
And guys, big news out today from First Mining Gold.
31:17
Let's they're a Canadian gold developer with two multi million
31:22
ounce projects in Canada. But we got some news out of them
31:25
today. First Mining announces the
31:28
submission of its final Environmental Impact Statement
31:31
environmental assessment for the Spring Pull Gold project in
31:35
Ontario. That's a big deal.
31:37
They've been working on that for 14 years and it's a big
31:41
milestone for the company to have gotten that out.
31:43
So congratulations to the whole team at First Mining Gold.
31:46
You can learn more about that on their website.
31:50
The future looks bright. Look, I don't give investment
31:52
advice, but I still say the mining stocks are cheap, OK,
31:57
They're not cheap. That's a bad word.
31:58
I apologize. Erase that.
32:00
They're probably one of the best values around right now and
32:04
offering potential, right potential for incredible price
32:10
appreciation, in particular the development stage and junior
32:13
stage companies. All right, let's talk about
32:15
silver. I was listening to an interview
32:17
with Andy Schechtman the other day and this really hit home.
32:21
Shortages the the available invest.
32:25
And I'm not quoting him here, I'm giving my input.
32:28
The available investable gold and silver can be gone super
32:33
quickly. Like we just talked about what
32:36
Irgon said, when people wake up, the available amount of
32:40
investable silver, let's focus on silver guys can be gone in a
32:45
lickety split flickity flash gone.
32:49
We saw it happen during the little banking crisis 18 months
32:52
ago. We saw it happen during the C19
32:54
crisis. This is real.
32:55
This can happen super, super quick, OK.
32:59
And those, I mean, those are just two examples.
33:02
I mean, what could come down the pipe, right, in terms of
33:06
geopolitical turmoil, domestic turmoil, financial crisis could
33:10
be much bigger and we could see silver can get wiped out so
33:14
fast. Actually, last week, this is, I
33:16
was talking with M1 of the owners of Pinbeck's and he had
33:19
told me he's like, we're starting to see, we're not
33:22
saying there's a shortage, OK? But he said we're starting to
33:25
see some stress at certain parts of the silver market, right?
33:29
It, I mean, it takes nothing. It just takes because this is so
33:34
such a big deal now with online, all these online bullion,
33:38
bullion dealers like Pinbeck's and the host of other ones.
33:42
I think PMBEX is best, but I digress.
33:45
You could be people can buy up all the investable silver in the
33:50
matter of an hour. Do you know how different that
33:54
is? Do you know how different that
33:56
is? OK.
33:57
And I just realized I forgot to tell you the big exciting thing
34:00
about that gold going up 78 X. I'm going to remember that here
34:04
in a second. OK, I apologize, but it's
34:07
different now. Information goes so much faster.
34:11
Look, in 1980, I was talking with some of the old coin shop
34:14
guys at a coin show about six months ago.
34:17
I said, what was it like in 1980 when there was this massive run
34:20
up in silver? They were like, dude, we would
34:23
come to the coin shop and there would be lines of 100 people and
34:28
there was no way that we could help all those people during the
34:31
course of the day. It's like we would go out there
34:33
and count like 40 people and then tell the rest we're sorry.
34:36
You really don't want to waste your time.
34:39
Now instead of those lines of people at the local coin shop,
34:43
they can hop on this right their self, their, their phone.
34:47
You know, I could right now right in front of you buy a
34:50
monster box from pin backs in 5 minutes, right?
34:54
And know that it would be delivered in a week.
34:57
I mean, it's different now. It's a big deal.
34:59
It's a big, big, massive deal. Let me make sure.
35:03
OK. Sorry.
35:03
Somebody was texting me. Uh oh, here we are.
35:06
I think we're back. Hopefully we're still alive.
35:09
It's a big, big, big deal. Sorry.
35:16
Here we go. Silver and gold are different.
35:19
OK. How many people?
35:22
OK, this is about that. This was the Andy.
35:24
Andy Scheckman said this in so many different words, but it's
35:27
true. Like who do you know silver?
35:30
You're a silver and gold investor.
35:32
I'm a silver and gold investor. Who do you know that's looking
35:36
to sell their silver or sell their gold?
35:40
Do you know anybody looking to sell?
35:42
Hardly anybody. I don't know anybody.
35:45
I talked to coin shop Chris last night.
35:47
He wasn't telling me, hey, I think I want to sell my silver.
35:49
No, I mean, look, I know we live in a bit of an echo chamber, but
35:53
guys, there just aren't people that are like, oh, I made a
35:56
mistake. Think about this right now with
36:00
gold at all time highs, basically with silver over 30
36:05
bucks an ounce. We'll go check here in a second
36:07
to get an update. Nobody's wanting to sell their
36:10
silver. Do you want to sell your silver?
36:12
Ask yourself that quick. Maybe you do.
36:14
I'm certainly right. There's probably a one or two of
36:17
you are like, yeah, I want to get out and sell some whatever.
36:19
I've never sold an ounce. What I'm saying the big critical
36:22
point here is there aren't a lot of people that want to get rid
36:26
of their silver and gold. What are you going to do, Put it
36:30
in dollars? Come on.
36:32
Eisenhower, Albert Eisenhower, Albert Einstein.
36:38
You know what I'm saying? Nobody's wanting to sell.
36:41
So the supply of investable silver and gold isn't going to
36:44
skyrocket? No, is it?
36:47
No, it's not going to skyrocket. We know that.
36:51
OK. The other big thing, there is so
36:54
much money. So too much money.
36:59
You know what I'm saying? You know that song?
37:01
More money, more money, More money.
37:03
There's money everywhere coming out.
37:05
Printed money. There's money being printed.
37:08
No, this is driving me crazy. OK, look at this.
37:13
You think there's not money? There's money, there's debt.
37:16
That's money being created. But let's just go down here real
37:19
quickly. Oh, yeah, there's a lot of
37:21
money. There's the M2 money supply.
37:24
Oh, look at that. Just went up by 100K in the last
37:27
10 seconds. There is money everywhere,
37:32
everywhere. OK, where's that money?
37:34
I'm going to see what Andy Scheckman had to say because I
37:36
took some notes here. There's so much money.
37:40
He he said this in so many words.
37:42
And again, I'm not quoting, but there's like there's so much
37:43
money out there available to move into the gold and silver
37:48
market. Six point what what's the what's
37:53
the significance of sick the number 6.5?
37:56
Well, it's real significant when you say trillion after it, $6.5
38:01
trillion sitting in money market accounts, cash accounts, bank
38:05
accounts in this country, guys, right, That's people safe money.
38:11
That's what's so exciting. So exciting.
38:14
That's people safe money. The stock market, right?
38:17
They don't want to put that in the stock market to begin with.
38:19
They certainly don't want it starts to crash the bond market
38:22
and real estate and real estate's, real estate's done.
38:29
Interest rates have got to go up, right?
38:32
Do you see interest rates went up by 3/4 of a point since the
38:35
Fed cut rates? Everything's done, everybody is.
38:42
Is that right? Did you hear that?
38:44
That's the sound of the sheeple. They're awake, they're starting
38:47
to wake up, right? And they got $6.5 trillion that
38:51
needs a new home. So that's their safe money.
38:54
Why is that so important? Because that's safe money.
38:58
They're going to, when they realize that they're losing
39:01
value by keeping it in a money market account.
39:05
When interest rates, real interest rates are negative,
39:09
they're going to say, I won't do it again.
39:13
I promise They're going to say, well, my save money, maybe I
39:20
need to buy silver and gold. What do you think?
39:22
The caught the Costco dads are the first the people buying gold
39:27
and silver at Costco. We call those the Costco dads.
39:29
I'm not nothing against them. I've never been in a Costco.
39:32
I'm a Sam's Club dad. But anyway, they're waking up.
39:37
Those people are generally intelligent.
39:39
The people I would say are value conscious.
39:42
Think about that. If you shop at Costco, you're
39:44
value conscious. You want to get a good deal.
39:47
What does that make sense, that they're buying silver and gold?
39:50
Yes, it does. OK, we got more to talk about.
39:53
Let's go check. Let's go.
39:55
We're going to be courageous. We're going to go check on the
39:57
silver and gold price at. Channel sponsor pin backs OK
40:04
come on baby $0.35 OK silver $32.82 gold up six dollars 2740.
40:15
I also want to say thank you to channel sponsor Dirty Man Safes.
40:21
Right? This is the safe.
40:22
You can be like a pirate, right? It's this really cool safe you
40:26
you get to dig a hole. There's this big sleeve that you
40:29
put into the hole. You get to bury this in the
40:31
ground. It's guaranteed the last like 50
40:34
years. It's super cool.
40:35
I was impressed. They sent me one, a couple of
40:37
them actually. And I'm like, wow, this is a way
40:40
exceeded my expectations, right? Everybody's like, oh, you could
40:44
just build it up. No, you could not just build
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this out of some PVC pipe. Sorry.
40:49
OK. And to me, it was a very cool,
40:53
very well designed product. And and you know, I was thinking
40:57
about it, I was like, you know what, you could, you could bury
41:00
this in your yard. It's like you're a pirate.
41:01
Where did the pirates bury their treasure in the ground?
41:05
Right. But it's a cool product.
41:07
Check it out. What I would say is this, if
41:09
you're, if you know somebody who's a stacker, if you know
41:12
somebody, stackers are usually hard people to buy Christmas
41:15
gifts for. Maybe it's a Christmas gift you
41:17
could consider for one of your stacker friends.
41:19
I don't know. Well, and there's a discount
41:22
code, Ron 10 that you can use if you decide to buy 1.
41:27
And I mean, I'm, I'm, I was impressed when they showed up at
41:31
my house. So anyhow, shortages.
41:34
Are we done there? Yeah, we're done.
41:36
We're done. OK, That's what's coming down
41:39
the road, guys, this election, right?
41:42
Be prepared for these, for these ups and downs, but we'll see how
41:45
it all plays out. It'll be interesting.
41:47
I want to say thank you for being here.
41:49
Thank you to the moderators. I saw Susie, Jake from Jake's
41:52
Custom Parts, the one and only Annie Oakley and hello, Clifton
41:58
Pirates make a map. Yeah.
41:59
Well, actually, the The Dirty man safe comes with like a piece
42:02
of grid paper so you can draw a map like where you buried at
42:06
your backyard. And it also comes with these
42:08
metal balls that are they're called salting balls.
42:11
You kind of spread them around on the ground around like a
42:14
perimeter where you put it. So that and I think if you bury
42:18
it 12 inches down, it's not detectable with a metal
42:20
detector. But anyway, it's pretty cool.
42:23
I mean, it's a it's a neat thing.
42:25
Thank you, Clifton, and thanks again for your ideas.
42:27
And Annie Oakley, I see you Silver Sparky.
42:31
Good to see you. Hey, and today's Don Howe, thank
42:35
you for the Super chat, Todd, thank you.
42:38
And of course, the one and only silver surfer.
42:41
Thank you guys. It's going to be a wild ride.
42:44
Let's take some deep breaths. I'll talk to you soon Be
42:47
interesting tomorrow, right now where the silver and gold price
42:51
are beating no matter what, right?
42:53
Just if you get if you get a little anxious like I do, just
42:56
pick up one of these, right? It'll, it'll calm your it'll
43:00
calm your heart. Have a great day.
43:02
OK. I'll see you soon.
43:03
Thank you. Bye.
43:07
Bye.