Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Oops! 👻 LBMA Just told the SILVER PRICE Truth!... (Gold Price Too)

Transcript

Oops! 👻 LBMA Just told the SILVER PRICE Truth!... (Gold Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Look, the LBMA is telling us expect $45.00 silver.
• 0:07
  Silver has been stuck at $32 per oz.
• 0:12
  Are you finding yourself getting frustrated?
• 0:16
  A little angry? Possibly?
• 0:18
  What are the reasons why we can and will breakthrough what seems
• 0:24
  to be an impenderable barrier of $32 per oz Silver?
• 0:31
  There's lots of reasons why, and we together are going to explore
• 0:35
  those today. First, thank you for being here
• 0:37
  in the basement with me. Yeah, you.
• 0:40
  I'm talking to you. You're the most important part
• 0:43
  of this community. Thank you.
• 0:45
  Please, if you haven't already, subscribe to the channel, give
• 0:49
  the video a thumbs up and super chat.
• 0:51
  Super thanks. PayPal donations, all that stuff
• 0:54
  is always greatly appreciated. Let's take a quick look at the
• 0:59
  chart and see why you may be right.
• 1:02
  Now getting a little angry is a time for us to go to Silver
• 1:06
  Anger Management class. This explains your anger.
• 1:20
  This chart of silver going back to May shows that several times
• 1:24
  we have attempted to breakthrough the $32 threshold.
• 1:29
  Look, we even tried in July to poke our head above $31.00.
• 1:33
  More recently, late September, early October.
• 1:36
  And here we are again as the recording on this video at noon
• 1:40
  Central Time on October 17th, 2024, attempting again to make a
• 1:46
  run at this $32 barrier. No wonder you're getting
• 1:51
  frustrated. But what are some reasons why we
• 1:54
  can be optimistic that this situation will soon change and
• 1:59
  you will soon see silver prices north of $32.
• 2:05
  Do we really have to go all the way across the big pond to get
• 2:09
  this next piece of good news? The LBMA, the London Bullion
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  Market Association. Well, apparently they were
• 2:16
  having a conference. I bet that was fun in Miami, FL.
• 2:21
  And Bloomberg pulled a number of the people at the conference
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  about where they thought the gold price would be in one year.
• 2:29
  Yeah, this video is about silver, but but they think the
• 2:33
  gold price will be much higher in one year.
• 2:35
  And buried at the bottom of the Bloomberg article is some very
• 2:40
  interesting information about what these LBMA conference
• 2:44
  participants thought where the silver price will be in one year
• 2:51
  from Bloomberg. The gold in this industry sees
• 2:54
  bullion surging 10% in a year to record high.
• 2:58
  Let's get to the silver part, which is buried.
• 3:01
  Buried at the very bottom of the article.
• 3:05
  It says silver will gain more than 40% in the coming year to
• 3:10
  reach $45.00 an ounce, according to the survey.
• 3:15
  And here it says delegates at the London Bullion Market
• 3:18
  Association event in Miami expect precious metals, blah
• 3:23
  blah, blah. They did a poll and that the the
• 3:25
  consensus of the poll is $45.00 silver next year.
• 3:31
  You might be thinking, that's all good and well, Ron, but what
• 3:34
  does that have to do with the big picture?
• 3:37
  We're going to talk about the big picture factors next.
• 3:41
  Well, we focus a lot on supply and demand, solar panels, all
• 3:45
  that good stuff. We're going to set that aside
• 3:47
  and we're going to expand our minds by looking at the big
• 3:51
  picture of what's going on in the world and what that could
• 3:55
  mean for the silver price. Before we do that, I want to say
• 3:58
  thank you to channel sponsor Pimbex Pi MB EX.
• 4:02
  If you want to get your hands on some silver, real physical metal
• 4:07
  or gold or platinum group metals, please support channel
• 4:10
  sponsor Pembacs or a minimum, just check them out, give them a
• 4:15
  chance. I think if you do that, you'll
• 4:17
  find what I found. They always have ultra
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  competitive pricing, a great selection, and it's a company
• 4:24
  that you can trust. So what are these big picture
• 4:28
  factors in the world right now that I think will be extra juice
• 4:34
  for the silver for price as we head into the end of the year
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  and into 2025? Number one, we need to look at
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  the financial condition of the world.
• 4:45
  We are drowning in debt, guys, drowning.
• 4:49
  We are in a debt Whirlpool. We are in a debt spiral in the
• 4:54
  United States. We know.
• 4:56
  We've looked at the US debt clock.
• 4:58
  We know that we can operate a simple calculator, but that's
• 5:03
  also going on all throughout the world, and it's only going to
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  lead to Fiat paper currencies going down in value, which will
• 5:13
  mean as measured in Fiat money like U.S. dollars, the value of
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  silver will only go up. It is a mathematical certainty
• 5:24
  that this will happen. Now, I could be wrong.
• 5:27
  Don't make any financial decisions based on anything that
• 5:30
  I'm saying. But if you do indeed believe
• 5:35
  that 2 + 2 will always equal 4, right?
• 5:39
  That the laws of mathematics are written in stone, not, you know,
• 5:43
  God himself or herself designed it that way, right?
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  Mathematics shows no forgiveness on the altar of truth.
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  Then you can rest assured that no matter what paper Fiat make
• 5:56
  believe Unicorn fart does currency you're talking about,
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  the real value of silver will maintain and that will be
• 6:04
  reflected in higher prices as measured in whatever Fiat
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  currency you want to talk about. The next big issue that's going
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  on in the world is geopolitical strife, uncertainty.
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  We are at a stage of history that most of us have never lived
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  through before. We have we.
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  I didn't live through World War 2.
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  Most all of you did not live through World War 2.
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  I think that's the most recent period of time that can even
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  compare to what is going on right now.
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  Countries are are are folding in on themselves, becoming more
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  nationalistic, protecting their resources, trading with each
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  other less. This is only going to lead to
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  strengthening of organizations like the BRICS, Brazil, Russia,
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  India, China, South Africa, and like 50 other countries that
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  want to join with them is the world splits as the world
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  bifurcates. And the result of all of this,
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  the result of all of this will be more and more distrust of
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  each other's currencies. Think about the dollar, think
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  about the euro, think about the Russian ruble, think about any
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  paper currency. It's all based on confidence and
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  trust. And is that trend continues to
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  erode, the value of those paper currencies will absolutely
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  inevitably continue to go down. It also from a big picture
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  level, right? We can look at the mathematics
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  like we did right, but also when we look at it from the
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  perspective of trust, in that the Fiat currencies are based on
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  trust and confidence, it will erode.
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  It too will be reflected in higher value for things like
• 7:53
  physical silver and physical gold.
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  Look, the LBMA is telling us expect $45.00 silver next year.
• 8:01
  This is one time that I think I'll agree with the LBMA.
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  The charts are telling us be prepared for silver at some
• 8:11
  point here to breakthrough $32 per oz.
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  It will happen. Could it happen this week or
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  next week? Yes, definitely.
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  Maybe we have to wait till next year?
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  Possibly, and I think it's very slim chance that we have to wait
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  even longer than a year, but it will happen.
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  And as things continue to erode on a financial and geopolitical
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  level throughout the world, all of this will only provide more
• 8:38
  of a tailwind for the silver price and the gold price for
• 8:42
  that matter as well. Hey, I want to say thank you to
• 8:45
  channel sponsor First Mining Gold.
• 8:49
  They're a Canadian gold development company.
• 8:51
  They have two multi million ounce projects in Canada, gold
• 8:55
  in the ground in Canada, and of course our sponsor Fortuna
• 8:59
  Mining. They're an operating mining
• 9:01
  company with mines in Latin America, silver and gold and
• 9:07
  mines in West Africa where they're mining large amounts of
• 9:11
  gold. Of course, channel sponsor
• 9:13
  Pembacs, if you want to get your hands on some of that gold and
• 9:17
  silver that those mining companies are digging out of the
• 9:20
  ground. Thank you for being here.
• 9:22
  You really are the most important part.
• 9:24
  I appreciate you and I'll look forward to seeing you next time.