Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡SILVER 👉 SHOCKING NEWS!...You Best PAY ATTENTION to This! ⛩️⛩️ (Gold Price and Jobs Data)

Transcript

⚡SILVER 👉 SHOCKING NEWS!...You Best PAY ATTENTION to This! ⛩️⛩️ (Gold Price and Jobs Data) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
Big surprise for silver investors City raises their
0:05
silver price target to $40 per oz.
0:09
But the real surprise is why. And it has something new to do
0:13
with our friends in China. We're going to dig into that
0:16
later on. Also a big surprise from Russia
0:20
about silver as well. Also, right, JP Morgan Chase,
0:26
they finally have recognized US basement dwellers.
0:28
We wanna know where the price of silver and gold are heading.
0:32
And Can you believe? Can you believe JP Morgan Chase
0:35
themselves have named a new trade and it has to do with
0:39
silver and gold. They named it after us.
0:41
But what wasn't a big surprise, The big news story, the biggest
0:46
news story in the history of the universe for us precious metals
0:50
investors, the employment date of this morning.
0:53
We're going to talk about that briefly because it is shocking
0:57
and I am angry and surprised and quite sad as well all at the
1:03
same time. We'll get into that.
1:04
But first, we're going to get into you, baby Buttercup.
1:08
Basement dweller, my friends, seriously, thank you for your
1:11
time. Thank you for being here.
1:13
Thanks for being part of this group where we have the courage
1:17
to explore the tough stories. We call ourselves Basement
1:20
dwellers. Why?
1:21
Because we dig a little deeper. It's a big deal.
1:23
You're here. You are important to this group.
1:27
You're part of this group. Please subscribe to the channel,
1:29
turn on notifications, give it a thumbs up, Super chat, super
1:33
thanks or super appreciated. I forgot to recognize 2 super
1:37
chats yesterday. We had a lot going on.
1:39
Our friend Jake from Jake's custom parts.
1:41
We're here, but let's first talk about this morning, OK?
1:46
The big employment number. I warned you, we warned, we
1:50
talked about this yesterday that it could, could maybe, just
1:54
maybe be a miraculously good number.
1:57
And of course it was. Let's run out and see what the
2:00
headlines are telling us. A shocking number of jobs
2:04
created this morning. OK, here.
2:07
September jobs report crushes expectations as the US economy
2:12
adds 254,000 jobs. Unemployment rate falls to 4.1%,
2:17
crushes expectations. This is such fantasy world BS
2:23
that I'm not even going to waste your time going down and reading
2:27
any more of this information guys, because I have a question
2:31
for you. Does did this?
2:32
Data come from the BLS or the WWF, the World Wrestling
2:38
Federation. Because at this point, when I
2:41
look at what's going on with the data that's coming out, it's
2:44
like no more believable than when I see professional
2:47
wrestling on TV, right? Like, like, it's obvious that
2:51
it's fake, but they want us to believe.
2:53
We wanna believe it's real. So the WWF came out with their
2:58
employment report this morning. I'll tell you exactly why
3:02
briefly, why this number does not matter.
3:05
We talked about this yesterday. They were going to fudge the
3:09
number. Why?
3:10
Why? You know, because it's they want
3:12
the economy to look good right before the election.
3:16
So miraculously, the number came out so much higher than
3:19
expected. That's the reason why.
3:22
Excuse me, what examples do we have from the past to indicate
3:26
us that just maybe? This great Biden, Joe Biden,
3:29
he's he's looking hard at the White House by dynamics him and
3:33
Kamala, right? They they created a lot of jobs.
3:37
The economy is great, the economy strong.
3:40
You should be happy. Vote, vote, vote right.
3:42
Not a political show. I'm just saying, guys, we read
3:46
this one like a book. What was going to happen this
3:49
morning, right? They want the economy to look
3:51
good. What examples do we have that
3:53
maybe the WWF, the World Wrestling, I'm sorry, the Bureau
3:57
of Labor and Statistics maybe has this wrong.
4:00
Of course, there was the 818,000 job revision from last year
4:05
every month. Here's what's going to happen
4:07
then we're going to stop talking about this and we're going to go
4:09
into why silver's going to skyrocket Citibank, JP Morgan
4:13
new information, interesting information, but what we know is
4:17
going to happen next with. Right.
4:21
The jobs numbers, two months from now, they're going to come
4:24
back after the election and say, oh, by the way, those numbers
4:28
that we reported to you, those unbelievably great jobs numbers
4:33
that we told you all about during the first few days of
4:39
October, a month before the election, those were wrong.
4:42
We overstated. We made a mistake.
4:46
We made a mistake. We were off by 60,000 jobs.
4:49
We were off by 80. That's what's going to happen.
4:51
It's madding, but what's the good news?
4:53
I forgot to tell you. There's some good news embedded
4:56
in this. So far, so good, huh?
5:00
Right. Because what, what's the silver
5:02
lining? And this we predicted.
5:05
We, we, we warned each other yesterday that this was going to
5:08
happen. We also thought.
5:11
We were. I was wrong about.
5:12
I was right about the jobs number.
5:14
I was wrong so far about the reaction and I hope I continue
5:18
to be wrong because gold and silver are calling.
5:22
BSI wish I could cuss on this show but I just can't.
5:26
Gold and silver are saying those numbers are phony because so far
5:31
the medals have held up. Guys, I would have expected and
5:34
I warned this yesterday, number one, we were going to get fake
5:38
crazy good World Wrestling Federation jobs numbers and that
5:42
the reaction would be I honestly, I didn't want to say
5:45
this to you yesterday because I didn't want to don't want to
5:47
scare you. I wouldn't have been surprised
5:49
if we saw like a a gold price down. 70 or $80.00 today silver
5:55
you know how silver can go silver's the the manic
5:59
depressive metal. I thought silver we could have
6:01
one of these dollar and we still could, but so far, so far guys
6:06
we are in good shape. The silver price this is this is
6:10
big right And the reason why it's big the gold and silver are
6:14
hanging in there tight right now is they are proving.
6:18
That they don't believe the numbers.
6:20
They're also proving number one, right.
6:23
That's one reason why we can be very optimistic, right?
6:27
But they're also proving that these old long standing
6:32
relationships are are breaking down and we are in a new era.
6:38
We are in a new weather pattern. We are in a new paradigm for
6:42
silver and gold. That's the fact.
6:46
Now we're going to do something that can be very scary for all
6:49
of us because today is a going to be a crazy day in the
6:52
precious metals markets. We're going to go out and do a
6:55
price update on gold and silver. We'll do it together.
6:58
It'll be OK. I mean, come on, man.
7:00
We've been through these days before.
7:02
We've been through days where silver was down $1.50 so far as
7:07
of a while. Ago it was.
7:08
Holding in there. Oops.
7:11
Wrong screen let's go take a look right now we're going to go
7:13
out to channel sponsor pin backs.
7:15
This is not the updated price. I have a feeling it's going to
7:18
be a little bit worse, but still.
7:21
All right, let's just do it. I'm going to press the little
7:23
the magic button there, the golden triangle on pin backs and
7:27
OK, man, this guy's, this is a big deal, right?
7:32
Gold is only down $4.00 per oz. Silver is only down $0.14 per
7:37
oz. Again, that's a huge deal
7:39
because given if this situation had occurred a year ago, two
7:47
years ago, we'd be looking at a silver price that was down and
7:51
silver's fighting baby for $32 an ounce.
7:56
Wow. Well, nonetheless, if you want
7:58
to get your hands on some silver, gold or platinum,
8:00
there's only one reason that we get to get that.
8:02
We get to have our little club here, right?
8:05
The basement dweller club, the daily live streams, the videos,
8:09
and that's because of the support of our sponsors.
8:12
I love having PMBEX as a sponsor because I believe in the company
8:17
100%. I worked with them before they
8:21
sponsored Ron's Basement. All I'm asking you is if you are
8:24
out considering to buy some silver, gold, or platinum group
8:28
metals online, even from your local coin shop, compare what
8:32
PMBEX can do for you. Compare how many ounces of the
8:36
same thing, the same silver, the same gold, the same platinum,
8:39
whatever you're buying you can get from Pmbex.
8:42
Compare the prices. Do some research on the company.
8:45
I can tell you my experience, which has been a plus.
8:47
I can also tell you right that I've received overwhelmingly
8:52
positive feedback from the basement dweller community.
8:57
And if you ever decide to convert.
8:59
Part or all of an IRA? To precious metals, please do
9:03
yourself a big big favor. Take your time and talk to the
9:07
guys at Pmbex as well. I can't believe what's happening
9:14
right now in this market. Silver holding on, fighting for
9:19
$32. OK, We've got Citi, Citibank
9:23
raising their price target on silver to $40.00.
9:28
But what's so important about City doing that is one of the
9:32
reasons why, which I think is new news, big news to all of us.
9:37
Let's dig into that right now. And here we go.
9:43
This is a post from Peter Croft. He's the guy that wrote the
9:46
book. I have it around here.
9:48
Here it is. Hold on a minute.
9:50
I like this guy. I've never met him in person.
9:53
He doesn't know me, but I like him.
9:55
He wrote this book, right? The Silver, the Great Silver
9:59
Ball, pretty much considered to be one of the OR the best book
10:04
on silver. You can get it on Amazon or at
10:08
your bookstore or wherever. Nonetheless, why he he posted
10:12
this great tweet about about city.
10:17
Even city research is calling for $40 silver.
10:21
Is this a contrarian sign to get your term cautious?
10:25
Well, I don't think so, Peter. And I want to I want to point
10:28
something out embedded in this article that I think is new
10:31
information. And if city is saying it, I
10:33
think it's a big, big deal. He says city.
10:36
According to city, we're bullish silver for the year end in mid
10:39
2025 targets of $35 and $38 to 40 oz respectively.
10:46
At this juncture, silver has unique exposure to both sides of
10:52
the bifurcated. That's a fancy way to say split
10:55
and half China economy via energy transition.
11:00
We know that solar EVs. And this is where it's
11:03
interesting. This is new news and more
11:07
recently an increase in retail silver demand, potentially as a
11:13
store of value parenthesis against a.
11:16
Backdrop A backdrop of weak local property markets, sluggish
11:21
consumer sentiment and already high record gold prices they are
11:25
talking about. Chinese investor demand not for
11:30
gold. We know gold is through the
11:32
roof, Chinese and but but silver and what?
11:37
What's the reason why that's a big, big deal?
11:40
Because Chinese investor demand for silver is just getting
11:44
started. There are 1.4 billion people in
11:50
China. I want you to close your eyes
11:51
for a second and think about the.
11:53
United States of. America, most of you are joining
11:56
me or whatever country you're in because I know you're not from
11:58
China because people in China can't watch YouTube but when
12:01
they can they'll be welcome nonetheless close your eyes
12:05
think about the United States, 330 million people think about
12:08
China 1.4 billion people that's more than four times more people
12:14
if. I'm going to get in trouble for
12:19
saying this, I know it, but nonetheless, I'm going to get
12:22
some heat. If each Chinese citizen were to
12:26
buy one ounce of silver, just one, right, that would wipe out
12:30
the entire annual world production of silver.
12:35
Think about that. That's a big deal.
12:40
Oh, and then there's this other country, India.
12:44
They also have 1.4. Billion people, I know this is
12:47
we're doing some very complicated math down here,
12:50
right? We need to pull our calculators
12:52
out. I know I do if the one if each
12:55
person in India. Bought 1 ounce of silver, just
12:57
one ounce, right? I mean that's another one point.
13:01
Now think about this and then I we're going to move on, OK,
13:04
Think about the this is a. Fact and this is always been
13:08
talked about in the silver and the precious metals community,
13:12
Indian farmers. Are some of the biggest buyers
13:16
of silver as an investment Indian farmers?
13:19
I pulled that data earlier in the week showing us that there
13:22
are at minimum 100 million farmers.
13:28
Alone in India oh, and by the way, they're having a great
13:31
monsoon season, which means they're going to have a great
13:34
harvest, which means all those Indian farmers, they don't trust
13:37
the. Rupee, they don't trust the
13:39
local currency. They know silver is a store of
13:42
value. Those farmers are going to be
13:46
buying silver, as you say, each one of those farmers buys 3
13:53
ounces of silver, right? The equivalent of 100 U.S.
13:56
dollars. That's 300 million.
13:58
I mean, guys, the numbers are astounding.
14:00
The big deal there is that city is recognizing that silver is
14:06
becoming right now a choice investment in China.
14:12
And we just ran through some very complicated math that
14:15
indicated that if just a minimal amount of.
14:18
Silver is purchased by Chinese citizens.
14:21
It could have a massive impact on the silver price.
14:25
Nope, we don't. And the reason why is that that
14:29
amount of investable silver is really minimal, guys.
14:34
Very minimal. We don't realize that we're
14:36
spoiled. Spoiled you spoiled little,
14:39
little little basement dweller, right?
14:41
I'm so we're spoiled in the United States because hey, we
14:44
want to get some silver, some gold, right?
14:47
Hey, we could go out to Pembex right now and in 5 minutes order
14:50
as much silver as gold as we think.
14:52
Oh, it's just a. It's not always going to be that
14:54
way, right? That actual supply is not
14:57
massive. We know what happened during the
14:59
during the little banking crisis 16 months ago.
15:01
We know what happened during the health crisis.
15:05
Of early 2020 when suddenly your local coin shop was out of
15:11
silver. That's the truth.
15:13
Mine was, and I know from talking to all my contacts, the
15:18
big online bullion dealers had to push back shipping dates by
15:21
like 8 weeks. They had to raise their minimum
15:24
orders. It can happen quickly in this
15:27
age of technology when you right the reason why is because you
15:32
and millions of other people can hop on this thing right?
15:37
Here's my phone, Samsung Galaxy S20.
15:39
Get yourself one good phone. I can excuse me, hopefully you
15:44
guys can hear me. You can hop on this thing and
15:47
get yourself silver in 2 minutes.
15:50
This ain't 1980, Buttercup. OK, I was 10.
15:53
How old were you in 1980? You know, I remember driving by
15:57
the local coin shop with my dad in our 1976 Pontiac Lamont
16:01
sports coupe with radio tune suspension and bright red
16:05
pleather interior. Driving by the local coin shop
16:08
and saying, daddy, daddy, why are all those people lined up
16:11
outside that store? And my dad said, son, those are
16:15
those crazy gold and silver people.
16:17
They're waiting in line to buy. There were lines outside, you
16:21
know, out the doors. That's not the case anymore.
16:25
That's the reason why this can happen So, so quickly.
16:29
I digress. OK, you know what?
16:32
I'm going to hop in now. This this live stream today.
16:35
We have a special sponsor. We've got our normal sponsors.
16:39
Tenbacks and of course you know consistent channel sponsors
16:42
first mining gold and Fortuna mining but today I need to tell
16:46
you about and this is a company whose stock I own now look I'm
16:50
not giving financial advice I'm not a financial advisor, but
16:54
this is a company I. Own I've owned this stock for
16:57
quite a while and on top of that.
17:01
It's a company that I'm very excited about because I love
17:03
silver. You love silver.
17:05
This is a silver mining company, OK, Silver Elephant Mining.
17:10
They have silver and the ground. Look, I love to hold physical
17:13
silver, but I also love, if I'm not going to hold physical, I
17:17
love to be invested in silver mining companies.
17:20
Again, that's just my preference.
17:22
And I what one of the things I really like about Silver
17:25
Elephant is the value proposition.
17:28
Guys, they have over 100 million ounces of indicated silver in
17:34
the ground in Bolivia. OK.
17:35
Now that does include credits for zinc and LED.
17:38
But when you look at the market cap of this company, and I'm
17:42
going to do this in a very conservative way, OK, If you, if
17:47
you look at the fact that right now their company has 37 million
17:52
shares of stock outstanding, but fully diluted, meaning if you
17:55
factor in all the warrants and options, we're going to be very
17:58
conservative and say 51 million shares fully diluted, OK, the
18:04
recent share price of this company is about $0.50 per
18:09
share, all right, in U.S. dollars.
18:11
This is all in U.S. dollars. The fully diluted market cap
18:15
right of the company, This is and very, I'm being very
18:18
conservative about this is about 25 million U.S. dollars, OK,
18:24
about 50 million shares fully diluted times $0.50 U.S.
18:28
dollars. Let's, let's talk about the
18:30
value proposition here because like I said, this company has
18:34
over 100 million ounces of silver in the ground in Bolivia
18:39
and it gets even better. But when you divide, OK, you
18:42
divide the $25 million very conservative fully diluted
18:47
market cap 25,000,000, divide that by the 100 million oz that
18:52
they have in the ground, that comes out to about $0.25 per
18:56
ounce of silver in the ground in Bolivia.
18:59
Now look, there's a lot that has to happen to get that silver out
19:02
of the ground, but the good news is that they are in production
19:07
right now. OK, I'm going to tell you about
19:09
that. Their project is called the Pula
19:12
Kayo. It's in Bolivia, it's in the
19:14
legendary. And this is super interesting.
19:17
If you ever get some time, watch some documentaries about the
19:20
Potosi Silver District in Bolivia.
19:23
It is fascinating. It's a legendary historic
19:27
district with some of the biggest silver mines that ever
19:30
existed in the world. OK, this deposit that silver
19:35
elephant has has had over $40 million invested into it.
19:39
Significant drilling. It's very, very interesting.
19:43
But the deposit is is separated. I'm gonna look at you when I
19:47
explain. This is separated into two
19:50
separate areas. So they have over 100 million
19:52
ounces of silver. There's a top layer, a thin top
19:56
layer that's called an oxide layer, OK, But the lion's share
20:00
of the silver is in a lower layer called the sulfide level.
20:05
OK, So it's. Kind of like a cake.
20:07
The best way I can describe it like a cake with icing on it.
20:10
The icing would be the oxide layer, the cake itself, which
20:15
contains the lion's share, like over 90% of this 100,000,000.
20:19
That's the sulfide level. What's so exciting about what's
20:23
going on right now with the with with the company is that upper
20:26
level, that oxide level, which does have a lot of silver in it.
20:30
It requires a certain type of processing.
20:33
They have a deal with a company called Andean.
20:37
Where is it? Andean Metals, It's publicly
20:40
traded company where they are. They are taking.
20:43
Off that top oxide level, they're a local company.
20:46
They have the equipment to be able to process the oxide.
20:49
So they're actually paying Silver Elephant to take that
20:52
little layer off that oxide level, the icing layer, right?
20:58
And it's a no risk situation for Silver Elephant.
21:01
They're getting paid like by the ton.
21:02
It's like and it's generating cash flow.
21:05
The company technically is in production right now, but the
21:09
exciting part is the sulfide deposit, the lower level.
21:13
And right now Silver Elephant is in the process of starting to
21:18
mine that as well. Let me pull this picture up
21:22
this. Is a cute.
21:23
Picture from their their Twitter feed showing they're digging a
21:28
tunnel on their own into that sulfide level to prove right
21:33
that that silver is there to prove that it's mineable and on
21:37
top of that that will it will generate additional cash flow
21:42
for the company as well it's a really exciting I you know I've
21:45
owned this stock myself for. Just maybe 11 the last. 11
21:49
months I started buying it and it's a very, very exciting
21:53
situation. They're generating risk.
21:55
Free cash flow. Right now with that, with the
21:59
with their agreement for the oxide level, but on top of that
22:03
I love the strategy here. You know, that was a risk free
22:06
type of partnership that they're doing with Andy and precious
22:11
metals. But now it allows them on their
22:14
own to dig the stall. And what's interesting about
22:16
this, this silver is not like super deep in the ground, OK,
22:20
Obviously the oxide levels on the surface, the sulfide level
22:24
again and that's where the lion's share of the silver is.
22:27
I think it, I think and I have an interview coming out later
22:30
today with the CEO, John, John Lee.
22:34
OK, the sulfide level is only like 2020 meters underground.
22:39
So that tunnel that you see and when I was talking to the CEO,
22:42
he'd be pointed this out to me when you hear, oh, they're
22:45
digging in a tunnel to do some, to do some preliminary mining on
22:49
the sulfide level. It's a horizontal tunnel.
22:52
It's not like they're going down, you know, 400 meters or
22:55
1000 meters. No, it's basically a horizontal
22:58
tunnel like this picture shows going, going in there and it'll
23:03
be very interesting and that you know potentially and very likely
23:07
will also generate additional cash flow for the company as
23:11
well. I am super excited about Silver
23:14
Elephant Mining. I'd really like the CEO.
23:16
I really like the company. I think it's going to be an
23:20
exciting story. To.
23:22
Follow here in the coming hold on am I back?
23:27
I'm back months, quarters and years.
23:30
Couple more quick things I want to wrap up on this is the
23:33
company has no debt OK, which I always love.
23:36
I'm an old accountant OK, this Potosi district in Bolivia.
23:40
This is something to think about as well.
23:42
When we think about silver, we know that Mexico is becoming a
23:46
more difficult area to do silver mining.
23:51
The government has has become what a lot of people would say
23:54
is unfriendly towards miners. OK, Mexico is the world and that
23:59
we talk about this when we when we analyze the silver price,
24:02
right? Mexico is the world's biggest
24:04
producer of silver when we talk about future supply of silver.
24:10
It's becoming very difficult to, to, to operate, to develop, to
24:14
build a mine, a silver mine in Mexico.
24:17
So you've got all this Mexican silver production that is gonna
24:21
need to be accounted for, right? There's gonna, I mean, you've
24:27
got all this, all this Mexican silver mining activity that is
24:32
gonna be potentially looking for a new home, if that, if that
24:36
makes sense, which I think it does.
24:38
In Bolivia could be a big, big beneficiary of that.
24:42
Companies like Silver Elephant could be a big, big beneficiary
24:45
and and this Potosi district, do yourself a favor.
24:48
It's very interesting just to learn about the history of
24:53
silver mining in that in that area.
24:56
The other thing is the silver mining companies as a whole, if
25:00
not big silver producers have not been making a lot of money.
25:04
So they haven't been able to invest in exploration, in
25:07
development. And is if they want to continue
25:10
to grow, they're going to need to fill their pipelines of
25:13
projects. And they'll be looking towards
25:15
the junior sector, right, to help fill that gap in their, in
25:20
their supply pipeline as we move into the year.
25:25
Also, you know, there's also exploration potential in this
25:29
area. We're talking about focused, I
25:31
focused on their, their big deposit that they have, right,
25:34
the oxide level on top and the sulfide level on the bottom.
25:38
But on top of that, there's also opportunity for more
25:41
exploration. Again, it's a stock I own.
25:44
It's a company I'm very excited about.
25:46
I believe in. I am not a financial advisor,
25:49
don't make any financial decisions based on what I'm
25:51
saying. But if you're interested in
25:54
silver mining companies, it might be one to check out.
25:57
There's lots of video interviews online with John Lee, the Ceoi
26:02
really like him. Like I said, I'll have an
26:04
interview coming out later today where I talked with him.
26:07
Check it out. I have links to the company
26:10
website and in their other socials in the description of
26:14
this video. Thank you, Silver Elephant for
26:17
sponsoring this live stream special sponsor.
26:20
And, and again, I'm just I'm excited, but nonetheless, all
26:24
right, let's move on. Russia.
26:28
Let's talk about Russia Super chat.
26:30
OK, hold on. Thank you, Susie.
26:32
Susie's talking to me. Oh.
26:34
Oh, wow. Wow.
26:36
Long time no see Make. Thank you, JB.
26:41
Wow, $100 super chat. I really appreciate that.
26:45
That goes a long way to help support the family and my
26:49
daughter's new basketball shoes, which I learned about this
26:51
morning. Susie is such a great mom on
26:54
many levels and got the kids these great new, but my
26:58
daughters love basketball. Anyway, thank you Jim, thank you
27:01
for your support. Thank you to everyone who
27:03
supports the channel. It is super appreciated.
27:07
But let's talk about Russia. OK, Russia surprise news.
27:13
And it has everything to do with silver.
27:15
Chris Marcus, my good friend over at Arcade Economics, I get
27:20
an e-mail from him everyday pointed this out and so I want
27:23
to give him credit for turning this light bulb onto my head
27:25
'cause this is big, big news about silver and.
27:33
There's that tunnel 01 more quick picture.
27:36
I love these they have on there. This is the Silver elephant
27:40
mining more than 100 million oz under the ground.
27:45
Anyway, I'm I'm not, I've already said it.
27:47
I am genuinely excited about the future with Silver Elephant.
27:52
OK, this is from Alisair McLeod, he said.
27:55
Wrong one, Ronnie. Oh, oh, oh, we got trouble in
27:59
paradise. What happened?
28:02
Oh, here it is. OK William Middle Coop Super
28:08
respected. Figure within the silver and
28:11
gold community, it's official Russian government starts buying
28:16
Palladium, platinum and silver besides gold.
28:23
OK, the Russian and we're going to talk about the reasons why
28:26
this is so, why this is such big news.
28:29
But quickly the Russian finfen proposes to keep spending on
28:34
precious metals at 51.5 billion rubles in 2025, start buying
28:40
Palladium. The Russian Finance Ministry
28:42
proposes to allocate all this money according to the draft.
28:46
Budget A list of metals that are planned to be purchased.
28:50
Includes platinum and Palladium, the state's previous metals
28:54
repository which built Palladium reserves during the Soviet
28:57
period and sold it all, blah blah blah.
28:59
Where is it? Here, Here we go.
29:01
The plan is to acquire refined gold, silver.
29:09
Platinum and Palladium to increase the share of highly
29:12
liquid assets in the state fund, the explanatory note explains.
29:17
Why is this a big deal? What are the reasons why this is
29:20
a big deal? Because this is the first time
29:23
in a long time, and Chris Marcus pointed this out in an article
29:27
that I got from him, that we've had a central bank or a world
29:31
government buying. Gold, silver, Silver.
29:38
First time Brian silver, a government or central bank
29:42
silver in a long time. Now, why is that such a big
29:47
deal, Ronnie? Well, I'll tell you why.
29:49
Basement dweller, fellow basement dweller, good friend.
29:54
I'll tell you why. It's a big deal.
29:55
Because of one thing and one thing only.
29:59
It's the same thing with gold. OK, Gold, 8-9 years ago, none of
30:04
the central banks were really buying it.
30:05
They were selling the net go. The fact that we've got a world
30:08
central bank, the fact that we have Russia.
30:11
Who's kind of leading the way? Probably the most powerful and
30:17
an influential member of the bricks community saying that
30:21
they are now as a government buying silver.
30:24
That's a huge, huge deal. Right.
30:27
That's a massive, massive deal. And don't forget, gosh, guys,
30:35
it's not even, it's three weeks from now, less than three weeks.
30:38
Massive bricks meeting in Russia.
30:41
I've heard some other I will say there is I'm I'm going to
30:44
qualify it as speculation that we're going to get a gold back
30:48
current there's speculation that we're going to get a 40 back
30:51
gold standard ish type currency from this massive bricks meeting
30:56
in Russia in less than three weeks.
30:59
OK, some people say there's not a chance.
31:00
Some people act like it's a done deal.
31:03
I'll say speculation. I'll say honestly, I'm about 40%
31:08
chance that we're going to get a 40% backed gold backed currency.
31:12
We'll see how it plays out. Don't, I don't want to.
31:14
I don't know. I'm not, I don't want to act
31:16
like it's going to happen. It's a sure thing.
31:17
But the fact that Russia is buying a silver is a massive,
31:24
massive deal. What about the biggest gold
31:27
setup going right now? More, more just unbelievable
31:33
information regarding gold. Alessara McLeod, he's a British
31:39
guy, I believe, another one of the smartest people.
31:41
The gold chart is in runaway upside mode here.
31:45
I'm going to highlight this hold on here.
31:48
There we go. The gold chart is in runaway
31:50
upside mode and with COMEX open interest having declined,
31:55
futures are no longer overbought with Stand.
31:58
For delivery, taking out 961,000 ounces of silver this week so
32:05
far. Rarely will you see a more
32:10
bullish setup. How do you do you believe,
32:13
right? This is Alessair MacLeod saying
32:16
rarely, right? Will we ever see a more bullish
32:20
setup? And let's look at this chart.
32:23
Which shows us. From 2022 in blue, the gold
32:27
price OK, the 55 day moving average and the 12 month moving
32:33
average and a descending wedge that gold has broken out of.
32:37
So the fact that we have Alistair McLeod also now chiming
32:41
in saying this is the most bullish chart that he's possibly
32:45
ever seen is a good thing. Let's go, guys, let's do it,
32:50
Take your blood pressure medicine, take a deep.
32:52
Breath. Let's see how bad it's gotten
32:55
here. OK, so over down.
32:57
Towards this is still. A good day given the, the, the,
33:00
the absolute. I'm flabbergasted by these jobs
33:05
numbers and I and I know they're purely fictional, but the fact
33:09
that we are right now in these ranges with gold and silver is
33:13
still a very, very good thing. What's JP Morgan telling us now?
33:19
JP Morgan, yes, right. The most influential official
33:24
player in the silver and gold market.
33:27
What reasons are they giving us to be happy to be optimistic
33:32
about the silver price and gold price?
33:34
Also good news for you, basement dweller.
33:37
They finally we've actually been recognized by JP Morgan.
33:42
I'll explain that to you here in just one second, SO.
33:45
Let's go to this article. And we're going to talk about
33:48
the reasons why this came from Kidco News.
33:51
So they've named the trade after us.
33:53
It's called debasement trade there.
33:57
That's that's that secret code for them saying we know that the
34:01
basement dwellers are right about the future.
34:03
We'll continue to benefit gold and Bitcoin.
34:06
JP Morgan. The recent uptick in
34:10
geopolitical tensions in the approaching U.S. presidential
34:13
election have led to a spike in volatility across market as
34:17
traders scramble to preserve their wealth amid rising
34:21
uncertainty, according. To.
34:23
Analyst at JP Morgan gold and Bitcoin are becoming the assets
34:28
of choice. Rising geopolitic tensions and
34:32
the coming US elections are. Likely to reinforce these are
34:35
the reasons why, but it gets better, trust me.
34:38
What some investors are calling the.
34:41
The basement trade, thus favoring both gold and big on JP
34:45
Morgan and global market strategy analysts led by I
34:49
cannot say this guy's last name, Nicholas Panagurla Gulagu.
34:55
We're going to call him Nick P, said in a note on Thursday.
34:58
I got a feeling around the office and JP Morgan, you know,
35:01
when they're out of their $900 lunches, they, they call him
35:06
Nicki P. They don't call him Nicki
35:07
Panaguru anyway, they noted. They noted that while gold
35:14
initially showed a more muted response in recent geopolitical
35:17
events, that changed over the past quarters as its price rose
35:21
sharply, approaching $2700 per oz on September 26th.
35:26
OK. The analyst also said that
35:29
however, the appreciation of gold has exceeded what these
35:33
factors alone would suggest, talking about the fall in U.S.
35:36
Treasury yields, indicating a re emergence of the debasement
35:42
trade, which means, right, the debasement of the value of the
35:46
dollar. Here's the reasons why I wrote
35:47
that in red. JP Morgan said the debasement
35:50
trade, this is silver and gold, is being driven by a.
35:54
Combination of factors including heightened.
35:57
Geopolitical uncertainty since 2022.
36:00
Significant government deficits in major economies oh, we got to
36:05
go out to the US debt clock, persistent inflation concerns
36:08
and weakening confidence in. Fiat.
36:10
Currencies, especially in some emerging markets, OK, the share,
36:16
this is interesting. The share of U.S. dollars and
36:19
currency reserves fell to a new low of 57% in the third quarter,
36:25
down from 58%. What they're talking about is
36:28
the debasement of the US dollar. They're trying to be nice.
36:32
What they're talking about is D dollarization, right?
36:36
If you notice, the mainstream media is not not saying it's a
36:38
dirty word. Now we can say it.
36:41
D dollarization they said to us this suggested speculative
36:47
institutional investors such as hedge funds might see gold and
36:52
Bitcoin as a similar assets, IE both as beneficiary of the
36:56
so-called debasement trade. They expect this debasement why
37:01
they're they're really they really ripped us off on this one
37:04
basement dwellers trade to continue to see gains amid
37:08
rising geopolitical tensions and the US election.
37:13
That is what is going on. That is what is driving
37:17
according to JP Morgan Chase, the gold price, the reasons why
37:22
they're calling it the debasement trade call it what
37:24
you like it's the destruction of the US dollar guys, we had big
37:29
news yesterday. Did you hear this?
37:31
We talked about this on the live stream yesterday, but it seemed
37:34
like the US debt clock exploded higher and I when we looked at
37:38
it and I read an. Article this morning.
37:40
Let's run out there and look real.
37:42
Quick that yesterday they like mysteriously added over $200
37:46
billion of new debt to the US debt clock.
37:50
We beat this thing to death. But just to confirm, she's
37:54
still. Going up, up and up, we'll do
37:57
our daily check on the. Dollar to silver ratio now it's
38:03
693 closing in on $700.00 of M2. Unicorn fart does printed make
38:11
believe money 700 right? Created $700.00 for each one
38:17
ounce of silver that will be produced this year.
38:21
Gold, you've got $5000 being created for each one ounce.
38:25
OK, I think that could argue if we were on the gold standard,
38:28
gold should be 5000 an ounce, but we won't go there.
38:31
We'll leave that one all alone. What happens guys?
38:38
This is such a big, massive deal.
38:41
I'm sorry. What's going on today, gold and
38:45
silver? OK, If, if we if we close out
38:49
the day less than 1% down in the silver price, I never thought
38:54
I'd be saying this, that we'd be we'd be saying this to each
38:56
other. But guys, right, if we close
38:59
down less than 1% and silver today, if gold only closes down
39:04
half a percent, this is a major Victory Day for the precious
39:09
metals. It it shows us the reason why is
39:12
it shows us that the make believe fake data that the
39:17
government puts out is no longer having a major impact on the
39:21
precious metals. It is, it is.
39:23
It is solid proof. That silver and gold are in a
39:29
new paradigm, a new world, a debasement trade, if you want to
39:33
call it that, like our friends of JP.
39:35
Morgan Chase, that $900 launch is probably cheap for those
39:39
guys. None the less, it is a massive,
39:42
massive day that we're in the midst of right now.
39:45
I'm going to be watching it closely as we ride through the
39:48
end of the day. But what is the guy that writes
39:50
the one of the other Bibles on precious metals?
39:53
Ronnie Stofferly, he is like the Super smart guy.
39:58
He put out a great chart. We are at the beginning phase of
40:06
rate of a rate cut cycle by the Federal Reserve.
40:09
OK, we're so we'll talk about the the conspiracy theory behind
40:14
all that here, if that's what you want to call it the the
40:17
specula or the what's the word not speculative, What's the
40:21
word? I'm looking for the.
40:23
The gosh, don't you? Hate that when you know the word
40:26
suspicious, I'll say, but that's not the word.
40:28
Anyway, Ronnie Stoverly brings up an excellent point about
40:34
gold. Is the best yet to come?
40:36
Are we? And I'm going to show you the
40:38
reasons why he's asking that question Is the best yet to
40:41
come? And we're talking about gold.
40:43
My friends were talking about silver as well.
40:47
How does gold perform after the first rate cut?
40:50
So let's look at this gold in U.S. dollars.
40:54
And then the black. Line is the Fed funds rate.
40:58
So as we can see back in 2001. The Fed cut.
41:02
Rates OK all the way down, right?
41:05
All the way down to what, .5%? The gold price went up and up
41:11
and up again after the GFC, the red circle, the Fed cut rates OK
41:17
The gold price went up and up and up OK back here during the
41:22
the health crisis of 2020, the. FED cut rates, What did the gold
41:27
price do? Do you see a trend?
41:29
Up and up and up. So here we are today, the Fed
41:33
cut rates. So the last three times the Fed
41:35
cut rates, well, here it is. Right here gold went up 31
41:39
percent, 40% and 26% I'm gonna kind of average those out to
41:46
about 30 percent 30% of 2600 is 303 hundred that's like almost
41:55
$800 that would mean that from where we.
41:58
Are. We could be heading right if we
42:01
just follow, if we just follow what happened after the last
42:06
three Federal Reserve interest rate cuts, If we do the average,
42:11
just the average, we'd be up $800.
42:14
We would have what, 3800? We'd have $4000 gold right
42:18
within. How long did it take?
42:20
Let's go back and take a look at Ronnie's chart one more time.
42:22
I like Ronnie. What a good, what a great.
42:24
Name that guy has so that looks like that took Oh.
42:28
About what is that a year, Two years again here, about two
42:33
years again here, about two years for gold to go up by 30%.
42:38
Now think about silver as well. What a wonderful day we're
42:44
having together. Basement dwellers, gold and
42:46
silver are hanging hard with the make believe fantasy World
42:51
Wrestling Federation employment numbers.
42:54
That came out OK, but we're also learning that.
42:58
On average, the two years following the last three times
43:02
the Fed cut interest rates, the gold price has gone up by 30%,
43:05
which is equal to $780, which we like to round up.
43:09
So we're going to round that up to $800.
43:11
That puts us at oh, I did exaggerate.
43:13
Anyway, that puts us at $3500 gold in two years, 4000 still in
43:18
the picture. Sorry my math wasn't working so
43:21
well. It we are we are in a new Do you
43:24
feel it? We're in a new we're the, the,
43:30
the Lucy pulling the pulling the football from Charlie Brown.
43:33
Guys, let's, let's, let's, let's, let's do a little therapy
43:37
here together. We lived through a very
43:40
difficult time together. Us basement dwellers, you right,
43:43
a silver investor, a gold investor, a precious metal
43:47
mining stock investor. You got clobbered.
43:51
Over the last two or three years, it was the Lucy pulls the
43:55
football on Charlie Brown routine that we went through
43:58
time after time, probably like 9 times, right?
44:03
Things would start to look good. It's over.
44:06
All right. Are you in denial?
44:09
Denial is not just a river in Africa.
44:13
No denials real right? We, we need, we need to move on
44:18
to a stage of acceptance where we realize that we are in a new
44:21
paradigm. Guys, from 2001 through 2011,
44:28
the silver price went from $5 to $50.
44:32
Actually, it went from $4.00 to $50 from 2001 to 2011.
44:39
OK, the tech bubble burst, blah, blah, blah.
44:42
The you, the dollar index went down.
44:44
Well, the dollar index is going down.
44:46
There's no reason. There's no reason why we can't
44:50
have those types of returns as we move into the future because
44:54
you know what, absolutely there's no other option.
44:58
But the Fed is going to be printing money.
45:02
And when we look back at those periods, think about this, think
45:06
back to 2001 through 2011. OK, things were different back
45:12
then. We didn't have the amount of
45:14
national debt that we have now. We didn't have two wars going on
45:20
in the world simultaneously. We didn't have the world
45:25
bifurcating. No, back then, guess what?
45:28
the United States ruled the world.
45:30
We hadn't ruined our reputation yet throughout the world or
45:34
damaged it to the extent that we have.
45:36
We were ruling the world and under that circumstance, from
45:42
2001 to 2011, we saw the gold silver price go up by over 10 *
45:48
10 RIN 10/10. Count your fingers.
45:51
Hopefully you have them all. I have a great an uncle who I
45:54
love very much. He worked in the can factory
45:57
where I worked some steel worker.
45:59
He's missing a finger so he's got to look at his hand and say
46:01
well I got 9 + 1 best uncle in the world.
46:07
I'll call him Uncle M but loved by everyone.
46:10
Great guy anyway nonetheless. Silver went up 10 times in
46:14
value. OK.
46:17
You know, are you scared? Are you scared that I, I just am
46:24
I alone in this? Like because it does kind of
46:27
scare. Me, when I think about it, it's
46:29
like. I just don't have any real fear
46:33
that this stuff. Is going to lose.
46:35
Value silver or gold for that matter.
46:39
But as you know, I'm a kind of a silver freak OK, I own gold
46:43
mining stocks but but but am I am I am I delusional?
46:48
I mean, it just feels like we have nothing but.
46:51
Really, really good. Good, good, good time.
46:55
Now the Fed is going to be forced to print money.
46:57
Oh, I promised you this conspiracy and say it's anyway,
47:01
Yeah, but this the Fed cut rates do two key things to remember
47:06
about the Fed cutting rates. 2 reasons why we need to be very
47:10
suspicious. We need to be very suspicious of
47:15
why the Fed cut rates the feds going to have to print that will
47:19
send gold and silver higher. But why?
47:20
What are the reasons? Why we need to be suspicious of
47:23
why the Fed cut rates, Number one, number one, right.
47:28
If the economy so great, so awesome, right and you really
47:33
haven't controlled inflation, it's still a problem.
47:37
Why would you cut interest rates, Jerome, Why think about
47:43
that? OK, maybe the economy is not so
47:46
strong. The other the other theory
47:50
that's very interesting as to a reason why the Fed cut rates is
47:54
because of we're only going to go here for two seconds.
47:58
This hold on, see my yellow finger, right. 35 trillion,
48:04
almost 36 trillion now in debt. Why?
48:08
Why would that be the case? Because the government can't
48:11
afford to pay the interest at higher interest rates on that
48:15
debt. So what's going to happen?
48:17
I'm going to tell you. What's going to happen,
48:19
buttercup? OK, get out your pen and paper.
48:23
The debt will continue to skyrocket.
48:26
We don't hear Kamala. We don't hear Donald Trump, the
48:30
other candidate, either one of them, talking about the big
48:33
elephant in the room. OK, the big.
48:36
Elephant. Where is he?
48:38
Hold on a minute, I'll be right back.
48:40
Don't leave this. We don't hear anybody talking
48:51
about this. This is the big.
48:53
See how big it is? This is the elephant in the room
48:55
here. And he was back there.
48:57
This is the national debt. See how it's getting bigger and
49:01
bigger and bigger and bigger. And finally, he gets you right.
49:06
See, it's Tusk. I guess that is that's the
49:09
that's the elephant in the room. Nobody's addressing it.
49:14
OK, I'm going to yell because I'm, I'm.
49:16
I'm angry, I'm angry. Nobody's addressing.
49:21
So what's going to happen, right, is the is that is that
49:24
debt gets so massively huge, the government can't afford to pay
49:32
the interest on it because nobody's going to want to buy
49:35
it. Nobody who's going to want to
49:38
buy that debt? Nobody, nobody.
49:40
So the interest rates to make it attractive to people to buy it,
49:45
There's, there's look, I, you know.
49:48
I studied finance and accounting at one of the top universities
49:51
in the country. I work for a BIG4 accounting
49:53
firm. I joke around a lot down here in
49:54
the basement, but I know what I'm talking about when it comes
49:57
to finance and money. There's a concept called the
50:00
inverse relationship between bond yields and bond prices.
50:04
OK, If the price of the bond goes down, the yield goes up.
50:08
And that's the only way the people in the future are going
50:11
to be willing to buy the US debt because when that gets to 50-60
50:16
trillion. Let's say it gets to $50
50:17
trillion in debt. People are going to say there's
50:21
no way you can ever pay that back.
50:22
They're saying that now. OK, The only way that I'm going
50:26
to buy the US debt and the US government has to constantly, I
50:29
think like 10 trillion in the next 18 months.
50:31
What? It's mind numbing.
50:33
The only way people are going to buy it is if the interest rates
50:36
are higher. But there's a little problem
50:39
with that. Because if we get to 50 trillion
50:42
in debt and people aren't willing to buy the debt unless
50:46
it's paying let's say 8%, if my mathematics are correct, that
50:52
would be 4 trillion in interest expense per year.
50:57
I don't even know what the government brings in, but not 4
51:01
trillion. That would mean that the
51:02
interest expense alone on the national debt would be higher
51:06
than the amount of money coming into the.
51:08
Government. So what's the only solution?
51:11
Is printing money guys, I don't, I mean there's no other.
51:18
There's no mathematics shows, no forgiveness on the altar of
51:23
truth. OK, you can write different
51:26
stuff. You can make up story, Bubba,
51:28
But math is math, right? God made it so that 2 + 2 always
51:36
equals four, 6 - 3 always equals 3.
51:41
And when you get 50 trillion in debt, OK, us collective butter
51:45
cups here in the United States and that you and me, right?
51:48
You're different. I know you.
51:50
You're responsible. I hope.
51:52
Yes, you are right. We we we actually spend less
51:56
than we bring in. Imagine that.
51:59
Yeah, right. But when that debt level gets
52:03
that untenable, unmanageable and then look here, you want to see
52:07
proof here we got more proof. Let me show you the feds losing.
52:10
Money. Poor Jerome.
52:13
Hold on, where is he? I'm so tempted to get Jerome
52:15
out, but I'm gonna leave him in his box today.
52:17
Thank you again, JB, for that awesome, awesome super chat.
52:22
Very much appreciated. OK, All right, so let's go out
52:26
here and take a look at this. This came from bar chart.
52:30
Breaking news? Not really.
52:33
The Federal Reserve posted its biggest loss in history of four,
52:39
$114 billion. Biggest.
52:42
The Federal Reserve, which is, by the way.
52:45
No more federal than the federal in Federal Express, because the
52:49
Federal Reserve is owned by a bunch of wealthy bankers.
52:52
But we'll leave that for a separate discussion.
52:55
The Federal Reserve posted its biggest loss in history, $114
52:59
billion last year. OK, wow.
53:05
What is that telling us? OK, see the red?
53:09
That's the loss. OK, get used to it, Jerome.
53:13
OK, get used to it. That's called monetization of
53:17
the debt. They, you know, they bought,
53:19
they have all these bonds. They bought they make up.
53:22
This is so critical for us to remember.
53:26
Most of you know this. Some of you may not.
53:29
The Federal Reserve can create money out of thin air.
53:33
They're proud of it. They brag about it.
53:34
Remember Ben Bernack? That guy?
53:37
At least Jerome Powell's kind of cute, right?
53:39
Ben Bernack was annoying and not very easy on the eyes but I
53:43
digress. Ben Burnack said oh we can just
53:46
print money whenever we want. Remember the guy that was works
53:49
for Bidenomics that I don't know if you saw that video clip was
53:52
like 2 months ago. They asked him about how money
53:56
and the guy that was clueless. He was supposed to be like the
53:58
head of economics, like we. Just print.
54:00
Make money. We just print money.
54:02
Oh, yeah? Oh, that's great.
54:04
We just print money. Well, guess what?
54:07
I got news for you. Here it comes, making its guest
54:10
appearance. There's a paper dollar when you
54:13
just print money, when you make money out of nothing, when you
54:17
print it electronically or you make turn on the Burr, print
54:21
Pentre press, you know, thing that devalues this.
54:35
You can't print that. I tried.
54:38
Yeah, I mean, I guess I can make a photocopy.
54:41
Of it, right? Maybe I'll do that.
54:43
Here's printed silver. I'll bring it to try.
54:48
Try printing some silver. I'll do that for tomorrow.
54:52
And I'll bring it to my local coin shop and see what they'll
54:54
give me for it, right? Not then, right?
54:57
The reality of the world is changing right before our very
55:02
eyes. The the fantasy world is being
55:08
called to the carpet. Let's go check one more time on
55:12
the gold price and silver price. I, I got, I mean, boys and
55:16
girls, basement dwellers. If we can stay, you know, I I'm
55:22
just going to press the button. Oh my.
55:24
Gosh, OK, look at this guys. I'm telling you, this is the
55:29
biggest day this year. For gold and silver, if it's, if
55:34
silver can stay, if silver can, Oh my gosh, stay where it is
55:42
close, green. This is a huge deal.
55:44
This is a massive deal. Gold's only down $1.57, silver
55:48
down three cents. I am so excited.
55:50
I hope you're as excited as I am because this, with the, this
55:54
proves that gold and silver and gold and the metals themselves,
56:00
but also critical, right? The people behind them are
56:04
smarter and wiser that they know that what's going on in the
56:09
world. They know these fictional jobs
56:12
numbers. We called it yesterday.
56:14
We sat down here together, guys, and said, right, the jobs number
56:19
was going to be a blowout. Be prepared.
56:22
I was right about that, right? We were right about the blowout
56:25
number. But but but.
56:27
Wrong, thankfully, and I'm surprised and shocked this is
56:31
the case about how the silver and gold price would react.
56:34
And it's a pleasant surprise. It's a silver lining, the fact
56:38
that silver and gold are not getting clobbered.
56:41
If you had told me yesterday what the numbers would be today,
56:46
actually I'm surprised how how how crazy make believe they
56:49
were. I would have thought that we
56:52
would have a gold price down at least $100 seventy $80.00 per oz
56:56
and a silver price down. I don't know, $1.50 right.
57:01
This is so critical because silver everybody, John Lee, who
57:05
I did the interview with, the CEO of Silver Elephant,
57:08
everybody I talked to, right? I talked to the smart people,
57:12
right? And that includes you, right?
57:14
But the smart and the people that spend their career are all
57:18
saying the same thing. How critical.
57:21
You don't understand where we are right now, silver investors,
57:24
how critical it is that we get silver up above $32 through 3250
57:32
through 33. And then, guys, it's gonna be
57:36
it's gonna be a fun, fun, crazy ride.
57:39
OK? I do know one thing absolutely
57:42
for sure. I really appreciate the fact
57:44
that you've joined me here. In all seriousness, your time is
57:47
valuable. OK?
57:49
I'm so happy. I'm so grateful and appreciative
57:52
that we get to have this community, right?
57:54
It is made possible by our sponsors, right?
57:57
Pimbex Pi MB EX go get yourself some silver, gold or platinum
58:02
group metals. Check out pinbacks.
58:03
Give them a shot. OK, first mining gold, Canadian
58:06
gold developer with two multi million ounce projects in
58:09
Canada. OK and Fortuna mining and active
58:13
producing mining company with operations in Latin America.
58:17
Silver and gold in Latin America, gold in West Africa.
58:20
But you're the real gold of the channel.
58:23
Thank you for being here. Thanks for being part of the
58:25
basement. OK, please subscribe to the
58:28
channel. Thanks again to my friend Jim.
58:30
JB. I'm sorry, JB, Jim for the
58:34
Super, super, super chat. Wow, I'm floored.
58:38
OK. And you guys have a great day.
58:40
I'll be back. Let's hope you never know.
58:43
Green silver for Friday. I'll see you soon.
58:46
Bye bye.