Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 SILVER Stacker! - YOU'LL Be SHOCKED By this NEXT MOVE - (Precious Metals price News)

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🚨 SILVER Stacker! - YOU'LL Be SHOCKED By this NEXT MOVE - (Precious Metals price News) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Shocking silver stories and gold for that matter.
• 0:05
  We got some crazy interesting things to look at today guys.
• 0:08
  Things are happening literally at the speed of sound within the
• 0:12
  precious metals world. We got like 15 stories to cover
• 0:15
  let's get started right now we'll start with the comex.
• 0:18
  We already know that the paper exchange the comex is under
• 0:22
  great stress. Open interest is at like what 13
• 0:25
  year lows? But wait till you see this data
• 0:28
  regarding the inventory at the COMEX.
• 0:31
  This was shocking to me when I first saw it came from our
• 0:36
  friend Hugo who said COMEX silver has now hit a 16 month
• 0:42
  accumulation. Erased Silver inventories have
• 0:45
  now hit their lowest level since December of 2024, erasing the
• 0:51
  entire 2025 build up. And what you can see on this
• 0:56
  chart is that the inventories peaked at what 530 million oz,
• 1:03
  That's this point right here. But as you can see throughout
• 1:06
  2025, they built up and they have come all the way back down
• 1:12
  down to 320 million. So they've lost more than 200
• 1:17
  million oz or 40% plus decrease in what just really the last
• 1:25
  five months from looks like about November of 2025 S in five
• 1:31
  months, the inventory levels at the COMEX have dropped by 40%.
• 1:36
  We know that right now in the world there is a major shift
• 1:40
  going on from the paper markets to the physical world.
• 1:44
  Now we're going to listen to the Market Sniper.
• 1:46
  Then we're going to get back to really crazy incredible data
• 1:50
  about the silver market and some about the gold market as well.
• 1:53
  But the market Sniper put out a short video talking about what's
• 1:58
  next for the silver price. Now remember something very
• 2:01
  important about the market Sniper.
• 2:04
  He was calling for incredibly high silver prices, but at went
• 2:08
  at the the point when silver was at $22.00 per oz.
• 2:15
  He was been predicting this since then.
• 2:17
  So let's listen to what he has to say and then we will come
• 2:21
  right back. Here we go and.
• 2:24
  The best part, friends, is about to come.
• 2:27
  I actually did this chat with my community and I said getting the
• 2:31
  silver re entry is going to be your Halo trade.
• 2:35
  It's going to be the most important thing I aim to get
• 2:37
  right for you and for myself, but especially for my community.
• 2:41
  This will be the rainmaker. Why?
• 2:44
  Because we made immense amounts of rain just on that original
• 2:48
  move of 205%, which in dollar terms was around 25 to where we
• 2:55
  are now, let's say 75. You made $50.
• 2:59
  Well, here's how much in dollars is still to come.
• 3:03
  Once we clear the second interim and we start ripping and
• 3:07
  typically you will to the new high that is 335%, but more
• 3:13
  importantly it's $254.00. So we've already enjoyed the
• 3:19
  wealth that a $50 move has given us.
• 3:21
  You could trade 1/5 of the size and make the same money because
• 3:26
  you've got five times the amount of dollars.
• 3:29
  You'll actually make more money on 20% of the size that we used
• 3:33
  here. If you wanted to be really
• 3:35
  passive. That is how big this call is.
• 3:38
  The best part, friends? OK.
• 3:40
  So as he's calling right now, right, we're in this little bit
• 3:44
  of wall currently in the silver price and the gold price, but
• 3:49
  we're focused here on silver and that the next move could be 335%
• 3:55
  or $254 per oz. Now, again, he's been calling
• 4:01
  for this since silver was around $22.00 per oz.
• 4:06
  Are we in the calm before the storm, a good storm, a storm
• 4:11
  that we want to see, which could be the skyrocketing price in
• 4:15
  silver? Let's go see what Rashad had to
• 4:17
  say because he brought up a great point about where we are
• 4:21
  right now when he says as of the end of April, OK, the monthly
• 4:29
  price action in precious metals was largely unchanged.
• 4:32
  April was a very calm, not much real movement in the gold and
• 4:38
  silver price. April was very stagnant month
• 4:40
  after January to March where we had major, major volatility.
• 4:45
  And yes, volatility goes both ways, no doubt about it.
• 4:49
  But he says we are moving into the mid part of the year.
• 4:53
  I expect metals to top by mid to late summer.
• 4:58
  Gold, the seven to $8000, silver to 250 to $300.00 at right.
• 5:04
  We've gone through this period, period in April.
• 5:07
  Next we're going to look at a chart that'll show us what he's
• 5:09
  talking about. But we've gone through this,
• 5:12
  this kind of calm period in April.
• 5:15
  And it's not just Rashad. There's a whole list, right?
• 5:18
  The, the, the, the $300 silver club, as we like to call them.
• 5:23
  I'll run through that list with you tomorrow.
• 5:24
  It's on the notes for tomorrow's show.
• 5:26
  But a lot of people are saying that we could get, they're not
• 5:29
  even talking about $200 silver. They're going straight to 300 in
• 5:35
  time frames range from as early as this summer to maybe a year
• 5:39
  or two down the road. But we've got a lot of people,
• 5:42
  smart people, right, that have that have made very accurate
• 5:45
  calls in the past telling us to look forward to that.
• 5:48
  Now let's look at something exciting happening though on the
• 5:51
  chart right now. We have another one from Rashad
• 5:55
  where he points this out. Silver's six month triangle
• 5:59
  formation is about to find a resolution.
• 6:03
  I believe the coming breakout will go into the history books
• 6:06
  for Silver. What he's talking about, and I
• 6:09
  mean we love, I don't know about you, but I love visual
• 6:12
  representations. And he's talking about this
• 6:15
  right here. I'll draw it over his in red.
• 6:18
  This triangle formation that goes all the way back.
• 6:22
  What I circled right there is this point right here.
• 6:26
  October of 2025, that is 6 months.
• 6:30
  The coolest thing about triangle formations is that they always
• 6:34
  absolutely need to be resolved. OK, this price can't keep going.
• 6:40
  At some point it's either got a breakout below which we don't
• 6:44
  want to see or excuse me, go higher, which we do want to see.
• 6:51
  And the one thing about triangle formations or wedge patterns,
• 6:55
  other people call them is it typically they do resolve in the
• 7:00
  direction that the price went into it.
• 7:03
  And since we were going into it on a definite uptrend, this
• 7:07
  triangle, this triangle should should resolve itself to to the
• 7:15
  upside. OK, let's go.
• 7:16
  Let's talk about some fundamentals.
• 7:18
  Let's go out to China and talk about something interesting, a
• 7:22
  new a new take on the unbelievable amount of silver
• 7:27
  that China is acquiring. This comes from the Deep dive CA
• 7:31
  China's silver hunger hits record levels.
• 7:34
  Just for a quick review because this truly is astounding.
• 7:38
  China imported approximately 836 tons of silver in March, the
• 7:44
  highest monthly total ever recorded ever, as demand from
• 7:49
  the country's solar manufacturing sector and retail
• 7:51
  investors simultaneously overwhelmed domestic supply,
• 7:56
  according to Chinese customs data reported by Bloomberg.
• 8:01
  The March figure, this is where it gets interesting, is 78%
• 8:05
  above February's 470 tons, which itself was a record for that
• 8:12
  month and runs 173% above what March typically sees.
• 8:19
  The 10 year seasonal average for the month sits around 306 tons.
• 8:24
  OK, so the average March import of silver for China is about 300
• 8:30
  tons and this March they imported O836.
• 8:34
  I guess we'll get the April numbers here in a week or so.
• 8:38
  Year to date imports through March now stand at approximately
• 8:42
  1600 tons, the highest on record for the first quarter.
• 8:48
  OK, there's the Kobesi letter showing the same data, but this
• 8:51
  is the chart that everybody in the precious metal world is
• 8:55
  looking at. This shows the amount of silver
• 8:58
  imported by China for each of the of the last 10 years.
• 9:02
  OK, 2026, I'll circle it is orange.
• 9:06
  OK, those are all the last years.
• 9:09
  And as you can see all those last years, they never really
• 9:13
  got above 400 on the chart in March.
• 9:19
  It's like a black sheep. It totally took off.
• 9:23
  And as you can see in the red box, I mean it was incredible.
• 9:25
  Now what Deep Dive CA brings up, which is very important for us
• 9:31
  to to focus on something. A different angle on this is
• 9:34
  that the extreme swing reflected regional supply bottlenecks
• 9:39
  rather than a global shortage, according to Goldman Sachs
• 9:42
  analyst Lena Thompson in Diane Struyan, who warned in Feb in
• 9:47
  January that China's new export restrictions on silver require
• 9:53
  requiring official approval for all outbound shipments risked
• 9:57
  fragmenting the global market and creating conditions for
• 10:02
  repeated short squeezes. So because China has restricted
• 10:07
  exports, it's screwing up the world's physical silver market,
• 10:12
  OK, And could create, as they say right here, the last three
• 10:16
  words repeated short squeezes. But what I want to point out as
• 10:21
  well, it's if we think about what's going on with China and
• 10:25
  silver, we got three things. Number one, they totally
• 10:30
  restrict silver exports in January.
• 10:33
  That's a big deal. Like they aren't allowed.
• 10:35
  They're being very sticky, stingy about who they're letting
• 10:39
  export silver. Think about that.
• 10:41
  Why are they doing that, number one?
• 10:43
  Number two, right. So they stop exports number #2
• 10:47
  in March and February, they have off the charts imports of
• 10:52
  silver. And then thirdly, thirdly, which
• 10:57
  we haven't talked about in a while, they announced that as of
• 11:00
  yesterday, because that was yesterday.
• 11:04
  You know that song well, as of May 1st, they have restricted
• 11:08
  the export of sulfuric acid as well, which is critical in the,
• 11:13
  in the refining and processing of, of, of copper and other
• 11:18
  metals, which is where most silver comes from.
• 11:22
  Remember the sulfuric acid silver squeeze, the argument
• 11:26
  that was that was coming out like it always comes from left
• 11:29
  field, right? Because guys, remember a
• 11:33
  majority of the world, silver is created by accident.
• 11:37
  It's created as a byproduct of copper mining basically.
• 11:40
  And what else? Zinc and lead.
• 11:42
  I think it is OK. And when and when copper mining
• 11:45
  gets restricted on a worldwide level because there's no
• 11:49
  sulfuric acid to to, to help with the refining process, that
• 11:55
  creates less supply of silver by default as well.
• 11:59
  So it's a crazy situation. Now we're going to get real
• 12:02
  simple and we're going to have some fun because this picture
• 12:07
  sums up everything that we just talked about stress at the Comex
• 12:11
  market and the China situation. And it comes from the one and
• 12:14
  only thence Lancy. But this one is a great 1 BBL's
• 12:19
  ghost at Sauron theck on on X as we can talk about the elephant
• 12:25
  and the £800 gorilla in the room with silver and here it is right
• 12:31
  there. The elephant in the room is
• 12:33
  China demand. OK, the big gorilla in the room
• 12:38
  is Comex depletion in there. In the bottom you see all the
• 12:42
  Western, that's the Comex and that's the the people from the
• 12:45
  European Union all saying, oh boy, what are we going to do?
• 12:53
  OK guys, let's move on to OK, let's talk about the Silver
• 12:57
  Institute. Every year there is, let me let
• 13:02
  me try to say this nicely. The Silver Institute puts out
• 13:07
  their silver survey every year and there's speculation that
• 13:11
  maybe some of the numbers on the on the silver survey aren't
• 13:15
  quite that accurate. And we've got a bombshell today
• 13:20
  to look at that points out that maybe we need to be very maybe
• 13:24
  the situation, actual situation in the silver market is even
• 13:30
  more extreme, meaning the demand for silver is even much more
• 13:34
  greater than the supply, and that the supply that the Silver
• 13:38
  Institute is telling us is available is actually quite
• 13:41
  lower. Let's go out and take a look at
• 13:44
  a couple fascinating pieces of did I miss something?
• 13:49
  Hold on one second. Oh, I did.
• 13:51
  Hold on. Here we go.
• 13:52
  Then we're going to get to to the Silver Institute make gold
• 13:55
  great again, Another simple statement that's powerful $75
• 13:59
  silver is the new $25 silver. And there's, there's Kramer and
• 14:07
  the and and or Seinfeld. Giddy up silver.
• 14:12
  Oh man, here. And this one more that I wanted
• 14:14
  to point out silver wig on this one said how to become
• 14:17
  generationally wealthy #1 excuse me, buy physical silver #2 just
• 14:24
  wait. Hey, before I forget.
• 14:26
  And then we're going to get to the Silver Institute.
• 14:27
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• 15:21
  Let me take you out to their website and hold on here.
• 15:33
  There we go. Here we are.
• 15:34
  At first meant there's that Liberty Bar that I just showed
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  you and they actually have a sale going.
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• 15:58
  Very important person, Ron's basement.
• 16:00
  All right, let's go check out this data that we got from the
• 16:04
  Silver Institute. And here we go.
• 16:11
  This comes from Silver Seek. Yep, the Silver Institute
• 16:15
  strikes again. An article by Ed Steer, but he
• 16:18
  basically republished an e-mail by a guy named John McIntosh.
• 16:22
  Why do we want to listen to John McIntosh?
• 16:25
  Because as Ed points out, John was a traitor in the grain pits
• 16:29
  on the floor of the C bot for 40 years.
• 16:32
  Chicago Board of Trade. He rarely ever traded silver.
• 16:36
  But it's supply and demand fundamentals caught his eye a
• 16:41
  few years back, and he's been following it closely ever since.
• 16:45
  So this is a massive article, like I said, talking about how
• 16:51
  the Silver Institute silver survey underestimates demand.
• 16:57
  I'm sorry. Yeah.
• 16:58
  Underestimates demand and overestimates supply.
• 17:01
  What I did so that we could get through this in an efficient
• 17:05
  way, excuse me, was I have a synopsis put together of what
• 17:12
  the article covers. Sorry guys, I'm fighting off a
• 17:17
  horrible sickness that I get about once every four years, but
• 17:21
  here's what the article says says.
• 17:24
  This article by John McIntosh, featured in Ed Steers Gold and
• 17:27
  Silver Digest, presents a scathing critique of the Silver
• 17:31
  Institute's 2026 report. McIntosh argues that the
• 17:35
  Institute is carpet bombing silver demand right,
• 17:39
  underestimating demand data and inflating supply to maintain an
• 17:45
  illusion of market equilibrium. He contends that massive
• 17:50
  deficits are being hidden through accounting tricks, while
• 17:53
  physical silver stocks at the COMEX are rapidly collapsing
• 17:57
  toward 0T. Key takeaways that we should
• 18:01
  talk about in our video #1 Phantom supply.
• 18:06
  Macintosh accuses the Silver Institute of conjuring
• 18:10
  84,000,000 ounces of silver out of thin air by retroactively
• 18:16
  increasing mine production and treating financial hedging as
• 18:21
  physical metal. That's number one.
• 18:24
  OK, overestimating supply #2 solar demand suppression, it
• 18:29
  says. Despite a 1600% increase in
• 18:33
  solar capacity since 2014, the institute claims silver use in
• 18:40
  solar only rose by 300%. Macintosh argues that actual
• 18:46
  solar demand for silver is likely 3X to 4X higher than is
• 18:51
  reported. And then we have this probably
• 18:54
  to me, the most interesting the India disconnect.
• 18:59
  The report claims Indian jewelry demand is plummeting to bubonic
• 19:05
  plague levels despite India's booming GDP and cultural
• 19:10
  genetic. Genetic code for precious
• 19:13
  metals. Yeah, what he claims.
• 19:14
  Basically, it was that the Silver Institute totally
• 19:17
  underestimates demand for silver jewelry, in particular in India
• 19:23
  where they love silver jewelry and they love silver.
• 19:27
  And you have to also consider that India's GDP, the number of
• 19:33
  people moving into the consumer class, has increased at
• 19:38
  astonishing levels over the last five to 10 years.
• 19:42
  OK, finally, industrial revolution ignored, it says
• 19:48
  while the USGS reports massive silver use in data centers and
• 19:53
  AI, the Silver Institute's data suggests non solar industrial
• 19:58
  demand is inexplicably, inexplicably shrinking.
• 20:02
  But next one, the eastward shift with COMEX stocks potentially
• 20:06
  hitting zero by October of 2026. Pricing power.
• 20:12
  And remember that chart we looked at at the very beginning
• 20:15
  of this live stream is moving to Asia?
• 20:18
  India and China and are now bypassing London and New York
• 20:22
  benchmarks for more reliable internal pricing.
• 20:28
  So very interesting. And let's put, I'll put it to
• 20:32
  you this way. It's kind of like the CPI
• 20:37
  numbers, the inflation numbers that we get from the government.
• 20:41
  Look, I'm, I'm not, I'm not an expert in analyzing the Silver
• 20:46
  Institute's annual silver survey, but the people who do,
• 20:50
  who spend immense amount of times and dig into all the
• 20:53
  details all raise a fair amount of speculation surrounding those
• 20:59
  numbers. And why the Silver Institute
• 21:02
  would report numbers that that make the supply demand dynamic
• 21:07
  look not as extreme as it is, I don't know.
• 21:10
  But what I can tell you is when you when you look at it with
• 21:12
  common sense and look at what's going on in the world right now,
• 21:17
  it does make sense that those numbers maybe should be
• 21:20
  questioned a little, a little bit more than they actually are.
• 21:24
  David Got. A nice super chat and ring the
• 21:27
  gun for. Him OK, I will thank you, Susie
• 21:30
  upstairs Susie, we got a super chat.
• 21:32
  I will do that absolutely thank you.
• 21:34
  Super chats always super appreciated.
• 21:37
  Never expected, but thank you thank you very, very much.
• 21:40
  OK, let's let's move on to gold for a second here because it
• 21:44
  gets interesting with gold. Hey, that's a great chance for
• 21:47
  me to say thank you to 1st Mining Gold, sponsor of Ron's
• 21:51
  basement Canadian development stage gold company with two huge
• 21:57
  multi million ounce projects in Canada, which is critical
• 22:01
  jurisdiction where big gold projects are is becoming more
• 22:05
  and more important. In both their spring pull
• 22:08
  project and their Du Parquet project, each individually have
• 22:12
  millions of Oz of gold in the ground.
• 22:15
  You can learn more about them at firstmininggold.com.
• 22:18
  It's a stock that I owned long before they sponsored my
• 22:21
  channel. But Please remember I'm not a
• 22:23
  financial advisor. Always be responsible, do your
• 22:26
  own research, all that great stuff.
• 22:29
  Never expose yourself to too much risk.
• 22:31
  OK, let's talk about gold. This was fascinating when I when
• 22:35
  I saw this one, I had to share it with you.
• 22:37
  That shows how gold has performed this century versus
• 22:43
  the S&P 500. It says it will not surprise our
• 22:47
  readers that gold outperformed global stocks.
• 22:50
  Oh, this is global stocks. I'm sorry.
• 22:53
  Well, the S&P profits made in gold and silver markets are now,
• 22:57
  excuse me, making their way into the senior miners.
• 23:01
  And take a look at this guy's OK.
• 23:04
  Uh oh, there it is. Now it came up, the gold mine on
• 23:08
  this chart is the gold price. How did gold perform?
• 23:13
  You can see it's up there. The blue line represents the S&P
• 23:17
  500 in this all starts at the beginning of this century.
• 23:22
  I mean, I wonder how the mainstream financial planners
• 23:27
  are explaining this one. Well, they're not, because 99%
• 23:31
  of the people in the United States don't even realize how
• 23:35
  well gold has performed. And they're probably not going
• 23:38
  to learn about it until it's too late because the mainstream
• 23:41
  financial world does not really press their customers to do
• 23:48
  anything with gold or silver. And the reason why that's the
• 23:51
  case is because the big mainstream financial firms don't
• 23:56
  make any money off of putting people into gold or putting
• 24:00
  people into silver. They make good recurring
• 24:03
  commissions by putting people into mutual funds where they get
• 24:08
  a little cut every year as a Commission.
• 24:10
  But when the rest of those people, the 99%, see if I can do
• 24:14
  it with my voice being bad today, start to wake up.
• 24:17
  We like to affectionately refer to those people as the sheeple
• 24:23
  when they wake up, right? It's, it could be, I mean it, it
• 24:27
  guys, it's exciting to think that when that, when it goes
• 24:32
  from being 1 or 2% of the US population who's invested
• 24:36
  impression precious metals to 8% that that could be anywhere from
• 24:41
  an 8X from a 4X to an 8X increase in the amount of money.
• 24:46
  And that would be, think about it, that would be new money
• 24:50
  coming into the gold and silver sector.
• 24:54
  But we've had some new people join the precious metals world.
• 24:57
  Absolutely, right. Over the last year or so, we've
• 25:00
  not seen really a wave of new people.
• 25:03
  And we benefit from what's called the law of small numbers,
• 25:07
  meaning that since we're only at 1 or 2% right now, right, even
• 25:11
  just a small increase will have a major overall impact going
• 25:16
  from 2% to 8%, right? Like I said, is a 4X right If if
• 25:22
  it was already at 20, 20% going to 25%, that's only what that's
• 25:28
  that's what like a 25% increase, right?
• 25:31
  We're talking about 2X4 X 5X increases in new people coming
• 25:38
  into the gold and silver market. Deutsche Bank, make sure I got
• 25:47
  the mic on which I do. Deutsche Bank is telling us to
• 25:50
  buckle up for $8000 gold. Let's go to mining.com and see
• 25:55
  why. Why the world's I'm sorry, why
• 25:57
  Germany's big bank is telling telling us this gold could reach
• 26:00
  8K on D dollarization. Deutsche Bank projects it says.
• 26:05
  In a note published on Monday, German investment bank said it
• 26:07
  sees a scenario where central banks, especially those in
• 26:12
  emerging economies, continue to increase their gold holdings as
• 26:17
  a financial safety net to protect themselves from Western
• 26:22
  sanctions. Interesting, OK?
• 26:24
  Should this trend continue, bullion's share of global
• 26:28
  central bank reserves could realistically reach 40%, up from
• 26:33
  30% currently, the bank predicts.
• 26:35
  At that allocation. Deutsche Banky Deutsche ran a
• 26:39
  simulation that projects gold prices hitting $8000 an ounce
• 26:43
  within five years, a near 80% rise from current levels.
• 26:49
  But let's go to Bloomberg, right, the world's biggest
• 26:53
  financial news disseminator, and see what they're telling us,
• 26:58
  right? Because gold is the granddaddy
• 27:00
  of precious metals, gold is the granddaddy, and silver is the
• 27:03
  favored grandchild. Bloomberg says this Banks scoop
• 27:07
  up a load of gold in the bumpy first quarter In the first
• 27:12
  quarter was crazy for for for gold and silver.
• 27:16
  Quick two paragraphs. Central banks added gold
• 27:18
  holdings at the fastest pace in more than a year in the first
• 27:23
  quarter as a slump in prices encouraged a wave of buying that
• 27:28
  more than offset sales by a handful of institutions.
• 27:32
  Net official sector purchases totaled 244 tons in the three
• 27:36
  months, up from two O 8 tons in the previous quarter, according
• 27:40
  to the World Gold Council in an industry body.
• 27:43
  Poland, Uzbekistan and China were the largest reported
• 27:47
  buyers, although some other purchases were undeclared.
• 27:51
  And that's something key to remember as well, right?
• 27:55
  A lot of the a lot of the actual purchases and there's major
• 28:00
  speculation when it comes to China.
• 28:03
  I think China says they have like 2000 tons of gold and some
• 28:07
  people say that could be so high as high as five, 5000 tons.
• 28:11
  I've even heard that some people speculate they could have close
• 28:14
  to as much gold on their books as the United States.
• 28:17
  Again, speculation, but what the facts?
• 28:20
  What is being reported is that gold mine by the world big
• 28:24
  central banks. And why is that important for us
• 28:27
  to remember? Because the world central banks
• 28:30
  are the world's most sophisticated financial
• 28:34
  institutions, period, bar none. OK, they know more.
• 28:39
  They set the rules. Think about it, the world
• 28:42
  central banks, they set the rules.
• 28:46
  What hedge funds do, what private equity does, what family
• 28:49
  offices do of all these wealthy billionaire people.
• 28:52
  That's great, right? And we want to follow what
• 28:55
  they're doing, no doubt. But what really matters is what
• 28:59
  the central banks are doing. And we've got data that they're
• 29:02
  buying now. Remember, like a month ago when
• 29:05
  the mainstream media was quick to jump on the story that
• 29:09
  Turkey, right, the Turkish love gold.
• 29:12
  The Turkey was selling their gold.
• 29:13
  Turkey was there, some Turkish central bank was selling all
• 29:16
  their gold. And we talked about that.
• 29:18
  That was because of the war. And that was because of a
• 29:21
  currency crisis going on in Turkey.
• 29:23
  Let's get an update. What do you say?
• 29:25
  Do you think things have changed with Turkey?
• 29:27
  Well, I've got good news for you.
• 29:31
  This comes from Wall Street gold.
• 29:33
  Turkish central bank adds 36 tons of gold in two weeks Turkey
• 29:40
  central bank is rebuilding physical gold reserves fast as
• 29:45
  it closes dollar for gold swap positions from peak market
• 29:49
  stress. Then it says physical holdings
• 29:54
  are now around 730 tons. Central banks are still buying
• 30:03
  the dips. Right?
• 30:04
  And I love that graphic right up 30.7 tons in the last week, up
• 30:10
  36.4 tons in the last two weeks. Now let's do some dollar doom
• 30:17
  guys. One more big thing for us to
• 30:19
  cover. Look, at the end of the day,
• 30:24
  excuse me, at the end of the day, we know the dollar is in
• 30:28
  big, big trouble in this news that came out about OPEC.
• 30:32
  It's, it's look, let's I'll just dive into this because Matt
• 30:37
  Pipenberg, who's like the rock star of gold and silver, the guy
• 30:41
  from Gold silver Switzerland, put out an article that talks
• 30:45
  about. I think this just makes it real
• 30:47
  clear that unfortunately, look, I'm not rooting for the demise
• 30:51
  of the dollar. I happen to live in the United
• 30:53
  States, but that the US dollar and that the Fiat currency
• 30:56
  system is in big, big, big hot soup, hot trouble.
• 31:02
  OK, there's no other way to say it.
• 31:04
  Wait till wait till you. He clearly lays this out and I
• 31:08
  actually here we go. I actually just screenshotted
• 31:14
  part of an article that he put out on Zero Hedge, the chart of
• 31:18
  above, which really is just kind of a bonus.
• 31:21
  And this shows the record gold purchases by central banks,
• 31:24
  something that I want to point out on here.
• 31:26
  Hold on, let me make this bigger for you and me.
• 31:35
  Don't want to get it too big. There we go So the green section
• 31:39
  that you can see on this chart right, This is this is world
• 31:43
  Central bank goal. The green section is just post
• 31:48
  Russia invasion of Ukraine. And as you can clearly see,
• 31:52
  right, there's been massive gold mined by world central banks if
• 31:56
  you go back here, right? But what is that?
• 31:58
  1980 through 2011, the world central banks were selling tons
• 32:03
  of gold. This yellow section, which I
• 32:06
  found very interesting, was post great financial crisis.
• 32:10
  Now, that's not what we really want to talk about here.
• 32:13
  What we want to talk about is his synopsis of what his article
• 32:16
  said, which was this, he said. In short, this is talking about
• 32:20
  the US dollar, the combined forces, right?
• 32:24
  The, the, the, the, the coming together of these forces of #1AD
• 32:30
  based and weaponized dollar, the weaponization of the dollar,
• 32:35
  number two, negative real yielding U.S.
• 32:38
  Treasuries. We talk about that all the time.
• 32:41
  Negative real interest rates, even right now, when you've got
• 32:46
  the Fed rate at about 3.5% and inflation at about 3.5%, if you
• 32:52
  subtract the income taxes that are paid on the interest that
• 32:58
  people would earn on that 3.5%, they're earning less OK in
• 33:03
  interest than what inflation is taking away in the basement of
• 33:08
  the dollar. Inflation, when you factor in
• 33:10
  taxes on the interest, is higher is is higher and creates
• 33:16
  negative real interest rates #3 undeniable D dollarization
• 33:20
  trends. We could talk about that for
• 33:22
  hours #4 unsustainable US public debt levels, right?
• 33:29
  For the first time since World War 2.
• 33:31
  This was even on mainstream media last week.
• 33:34
  The US national debt is now bigger than the GDP #5-A
• 33:39
  disastrous war in Iran, right? It is, I'm sorry, not a
• 33:44
  political statement, but but I think on many levels not a good
• 33:49
  situation there. And #6 this is the kicker.
• 33:53
  And now openly failing petrodollar make it obvious
• 33:57
  rather than debatable the demand for the that demand for and
• 34:02
  trust in the US dollar is tanking.
• 34:05
  We're going to come back to this petrodollar OPEC situation
• 34:08
  because it is critical. It says the slow but also
• 34:11
  predictable devolution from US superpower and super currency to
• 34:16
  a debt desperate debased fall is as old and familiar as history
• 34:22
  itself. OK, this has happened the
• 34:24
  England, Spain, Holland, the Roman Empire, you name it.
• 34:28
  Without a powerful petrodollar to absorb its inflated over
• 34:32
  expanded greenback, America's economic and currency fall will
• 34:36
  only accelerate. Going forward is the world and
• 34:39
  that includes A crumbling OPEC increasingly turns its back on
• 34:44
  U.S. dollars and U.S. Treasuries.
• 34:46
  America's bond yields in U.S. debt levels will rise as U.S.
• 34:50
  dollar purchasing power falls, creating the perfect setup for
• 34:54
  more mouse clicked million trillion sorry printing money
• 34:59
  and a stagflation backdrop of historic proportions.
• 35:03
  Wow wow wow. I think that that 3 or 4
• 35:07
  paragraphs sums up better the situation that we are in with
• 35:13
  the US dollar better than anything.
• 35:15
  Again, all that stagflation, all that loss in value in the US
• 35:19
  dollar will be good for the value, not just the price.
• 35:24
  It'll be good for the price. That's why we say the price of
• 35:26
  silver could go to 1006 thousand, 10,000, $600,000
• 35:33
  Doesn't matter, right, 'cause you're pricing it in paper
• 35:36
  money. Price silver and gold in
• 35:38
  Confederate dollars. Price silver and gold in any
• 35:41
  number of the thousands of Fiat currencies that have gone belly
• 35:45
  up over the last hundreds of years.
• 35:47
  OK, it doesn't, it doesn't matter.
• 35:49
  But what he really is brought up in this article that I just want
• 35:52
  to touch on 'cause it's key for us to understand is that the
• 35:56
  United Arab Emirates declaring that they're leaving the Petro
• 36:01
  dollar as as OPAC in the oil rich nations.
• 36:05
  That was the dollar was backed by oil since 1974 when Henry
• 36:10
  Kissinger went to the Middle East, right and and created the
• 36:14
  Petro dollar. The all they would do, the Gulf,
• 36:17
  GCC Gulf cooperation cooperation countries is sell oil in U.S.
• 36:23
  dollars. And when they did that, they
• 36:25
  needed to do something with those dollars and they went and
• 36:28
  they bought U.S. Treasuries.
• 36:29
  That was part of the deal. That is all falling apart, guys.
• 36:33
  We are living through absolute historic times.
• 36:38
  I don't like it, right? You don't have to like it
• 36:40
  either. But we can't ignore what is
• 36:43
  going on. And I think that a, buying gold
• 36:45
  and silver and protecting our wealth with those metals is
• 36:49
  going to be a decision that five years from now, 10 years from
• 36:53
  now, five months from now, if those $300 silver predictions
• 36:58
  come correct. I don't care about 5 months from
• 37:01
  now, we care about 5:00. But we, we look at generational,
• 37:04
  well, generational opportunities.
• 37:06
  It's going to be I, I can't even begin to imagine what the
• 37:11
  world's going to look like 5 years, 10 years from now.
• 37:16
  I think that we are in the middle of a period of hyper
• 37:19
  change and these things happen throughout history.
• 37:22
  I think we're going to look back 5 or 10 years from now at today,
• 37:26
  right now, and realize that we were living through a period of
• 37:29
  time like no other. I want to say thank you.
• 37:32
  We got a super chat. Hold on here, see if I can get
• 37:35
  this to work. Things are acting up.
• 37:38
  Wow. Oh my gosh.
• 37:40
  Who's this from? Dave Russo.
• 37:43
  Oh, yeah. OK.
• 37:52
  Susie upstairs. Susie.
• 37:54
  Everybody's favorite. The real boss, huh?
• 37:56
  Give her a high 5. But what she really wants you to
• 37:59
  do is take your little hand and and press the thumbs up button.
• 38:03
  OK? And then we will ring the gong.
• 38:06
  But Dave, wow, thank you. I love Mexican Libertads.
• 38:09
  I stacked them amongst other silver.
• 38:11
  Dave, thanks for being a critical part of the basement
• 38:17
  dweller community. Dave Russo's been around here
• 38:19
  for a while. We're going to ring the golden
• 38:21
  gong for you, Dave, and bring you some good luck.
• 38:24
  Not that you need it. I know you're a lucky guy to
• 38:26
  begin with, But Dave, thank you. And we're going to wait for the
• 38:30
  one and only upstairs, Susie, to let us know when we get to 200
• 38:34
  thumbs up. And we're going to ring the gong
• 38:36
  4 times. OK, she said thank you everyone.
• 38:46
  Let's ring the gong for you, right.
• 38:48
  Thanks for giving us the thumbs up.
• 38:50
  Hey, if you could do US1 more big favor, please, if you
• 38:53
  haven't already, subscribe, subscribe to the channel.
• 38:56
  It's free. We don't charge viewers for
• 38:58
  anything. I don't have memberships or
• 39:01
  anything else. Nothing against anyone who does,
• 39:05
  but but subscribing would be very helpful.
• 39:08
  We appreciate you, right? You're important, like the
• 39:10
  people of this community, we're not able to do this without you.
• 39:14
  So thank you. And man, what a fun ride we're
• 39:17
  on with these precious metals, huh?
• 39:18
  All right, let's ring the gong for you for the 200 thumbs up.
• 39:24
  Listen to it resonate. Hopefully you can hear it.
• 39:33
  The golden gong. No, that's not made out of real
• 39:35
  gold. I wish.
• 39:37
  All right, guys, take care. Again, thank you for being here.
• 39:40
  Sorry, my voice. I've been really sick the last
• 39:43
  three or four days. But I appreciate you bearing
• 39:46
  with me. Have a great night.
• 39:48
  Let's go to the Kentucky Derby and I'll see you soon.
• 39:51
  Take care. Bye.
• 39:52
  Bye.