Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡Robert Kiyosaki Said THIS!⚡Silver Investors PREPARE⚡- GOLD Price Update Too
Transcript
- 0:01A stunning statement about silver from Robert Kiyosaki.
- 0:05We're going to talk about why, but also today is a critical
- 0:08major day for the precious metals prices.
- 0:11It's the end of the month and it's the end of the quarter.
- 0:15And we want to look at the reasons why that is so critical
- 0:18as well, because we got a lot to look forward to in the coming
- 0:21months, quarters and years. And it just doesn't stop, guys.
- 0:26Big reasons why a billionaire has bought massive amounts of
- 0:30silver. And on top of it all, Texas.
- 0:35We love Texas. Hello, Jake from Jake's Custom
- 0:38Parts, right? Our friend in Texas is doing
- 0:41something crazy with silver and gold.
- 0:44We're going to dive into that as well.
- 0:45Thank you for being here. Thank you for being part of the
- 0:48basement. This is not possible without
- 0:50you. We love to talk about silver and
- 0:52gold. Please subscribe to the channel.
- 0:55Give the video a thumbs up. Super chat, super thanks are
- 0:58always never appreciated. Oh wait a minute.
- 1:01Never expected, but always appreciated.
- 1:05Oh well, we're live, right? OK guys, let's talk about Robert
- 1:08Kiyosaki first and why what he says can make us even more
- 1:12optimistic as we look at these month end and quarter end
- 1:16numbers. Let's go out to Robert
- 1:18Kiyosaki's most recent just over the weekend tweet where he says
- 1:23something stunning. Now Robert Kiyosaki is the
- 1:25author. Super rich guy.
- 1:27Author of A Rich Dad, Poor Dad, regarded as a financial expert,
- 1:33a financial guru. He says reminder, rich lesson,
- 1:38Your profits are made when you buy, not when you sell.
- 1:43And then he goes on to say silver is the best asymmetric
- 1:48buy today. Don't worry, I'm going to
- 1:50explain that to you. That means more possible upside
- 1:54gain with little downside risk. Silver price will explode in
- 2:00July. I agree with him on that 100%.
- 2:03How do you feel? Do you feel July is going to be
- 2:05an explosion in silver? Everyone can afford silver today
- 2:10but not tomorrow. Take care.
- 2:13OK, So what is an asymmetric? Buy real quickly.
- 2:16Asymmetric means a fancy way of saying not equal.
- 2:20It means the upside potential far outweighs the downside risk.
- 2:25For example, with silver, what he's saying is that currently at
- 2:28around 35 or $36 per oz for silver, by his estimates, maybe,
- 2:36maybe worst case scenario, silver could go down 3, four, $5
- 2:40per oz. But on the upside, it has
- 2:43potential to do something like double or triple in value.
- 2:47So the downside risk is nowhere near as equal to the upside
- 2:52potential. Now, again, that's all based on
- 2:55on people's estimates. I agree with it.
- 2:57Do you agree with it? I don't know.
- 2:59It seems very, very reasonable to me.
- 3:02Now I'm the guy who sat down here for years when silver was
- 3:05$1518 per oz and pounded the table.
- 3:08Remember basement dwellers saying silver's undervalued?
- 3:12Silver's undervalued. Do you still believe it is?
- 3:16I believe that it is. Now why is today June 30th such
- 3:20a critical, critical day for the precious metals prices?
- 3:24Because it's the end of the quarter, it's the end of the
- 3:27month. But in particular with silver
- 3:29today is critical. Let's go out to our friend bald
- 3:32guy Money who talks about the month end numbers today.
- 3:36Thought he brought up a really great interesting point here
- 3:40when he says on X if Silver holds above $35 on Monday, that
- 3:47would be today. That is a major confirmation of
- 3:50its breakout and the highest monthly close since August of
- 3:562011. Yet some are panicking.
- 3:59OK, now let's talk about the quarterly numbers and why that's
- 4:03so important. We're going to go out to Tavi
- 4:05Costa. OK, Silver is on the verge of a
- 4:08major breakout in my view from one of the longest cup and
- 4:12handle formations I've ever. So when we look at silver, we're
- 4:15not quite here yet. But when we consider what, when
- 4:18we consider what Robert Kiyosaki said, when we consider that
- 4:23we're about going to have the highest monthly close since 2011
- 4:27because it's looking real good. And then we look at the
- 4:30quarterly numbers again on this chart from TAVI.
- 4:34What we see guys, I'm going to show this to you every day like
- 4:38I did with the gold chart back in the day until it happens and
- 4:42it will happen. We're going to, we're going to
- 4:44pick. We're going to pick.
- 4:46Let's do light blue today. I think that'll show up nicely
- 4:49on this chart. This is the quarterly.
- 4:53That's not good. Hold on, sorry, we're live.
- 4:57How are you today? Hopefully you guys can still see
- 4:59me and hear me. There we go, circled quarterly
- 5:01candle. So each one of these candles is
- 5:04a quarterly close here is $37. We most likely are not going to
- 5:10do it today, however. However, when we look at a long
- 5:14term chart going all the way back to 1980, there's the cup,
- 5:18there's the handle, OK, there's $37 next quarter, third quarter.
- 5:24Will we break up here? Because if we do, guys, this is
- 5:28the most beautiful longest cup and handle pattern people are
- 5:33saying in the history of the world.
- 5:35It could be absolutely exciting as we move into these next three
- 5:41months, be prepared, be prepared.
- 5:44People that have laughed at us for saying we thought silver was
- 5:47going to go to the moon. People who laughed at us when
- 5:50silver was $1815 per oz and said, oh, you're crazy, silver.
- 5:55Silver will never break out. We could be seeing it and we
- 5:59could be seeing it very, very soon because there just isn't
- 6:03hardly any resistance up above those levels.
- 6:06OK, let's talk about the billionaire.
- 6:08What did he say about silver? All right, this is a a
- 6:11billionaire and we'll go out here to the Gray Rabbit Finance,
- 6:18Gray Rabbit finances Substack. I think it's our first time
- 6:21featuring them here on the channel.
- 6:24And it says The Dark Knight of silver meet the billionaire
- 6:27betting a billion dollars on monetary collapse.
- 6:30Who is David Bateman and why is he hoarding 12 million ounces of
- 6:34silver as as the $300 trillion debt bomb text talking about the
- 6:40debt bomb that we have in the world.
- 6:42OK, meet David Bateman. Not Bruce Wayne, but close.
- 6:47He's the billionaire tech founder of Intrata and now
- 6:51apparently the newest self self styled guardian of sound money
- 6:55and his recent moves Or any indication he's not waiting for
- 6:58the collapse, he's positioning for it.
- 7:00There he is, right there. Looks like a young smart guy.
- 7:03He is a billionaire. In a tweet that feels more like
- 7:06a financial manifesto, Bateman casually revealed over the past
- 7:09six months he has invested close to $1 billion.
- 7:13Is he the new Hunt brothers? Is he the new Warren Buffett in
- 7:17precious metals, including a purchase of almost 13 million
- 7:21ounces of silver. Hey guys, I want to mention to
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- 8:46Keith Newmeyer, highly regarded in the precious metal sector.
- 8:50Let's get back to this billionaire and, and, and see
- 8:53why he is buying silver. Let's just go straight to his.
- 8:56There's all these other tweets that came out after he disclosed
- 9:02that he has a billion dollars worth of silver.
- 9:04Let's just read through this. It's scary.
- 9:06Here's the reasons why I've invested close to a billion
- 9:10dollars in precious metals, gold and silver over the last six
- 9:14months. OK, including the purchase of
- 9:171.5% of the annual global silver supply.
- 9:21First, he says the global monetary system is about to
- 9:24collapse. The Great Reset OK, the Basel
- 9:27end game the next The biggest credit bubble in history will
- 9:30soon pop over $300 trillion. Next.
- 9:34There's no way the US can refinance its 28 trillion in
- 9:38maturing Treasuries in the next 4 years without an obscene
- 9:42amount of printing. Trump tariffs are hastening the
- 9:45collapse. Gold and silver the only
- 9:47meaningful life raft. Physical possession is
- 9:51everything. The whole world right now is a
- 9:54sophisticated game of musical chairs.
- 9:56The chairs are precious metals, he says.
- 9:59Crypto is a psyop, okay. Real estate, crypto, stocks, and
- 10:03bonds will all lose significant value compared to precious
- 10:07metals. The banking system has been
- 10:09meticulously designed to seize your assets to buoy up a
- 10:13collapsing banking sector. The great taking?
- 10:16You have 0 counterparty risk with precious metals, meaning
- 10:20when you own silver, when you own gold, and if you hold it in
- 10:23your possession, there's no other person you're relying on
- 10:26for that value. There's no counterparty risk, he
- 10:29says I'm up 20%, blah blah blah. OK, Some people may or may not
- 10:34agree with his thoughts on crypto.
- 10:37I do think that crypto that does represent a form of value
- 10:42outside of the Fiat paper money system as well.
- 10:46But nonetheless, that's a billionaire.
- 10:49Take a step back, a young billionaire, a smart
- 10:52billionaire. He's talking very positively
- 10:55about gold and silver. Now we're going to talk about
- 10:58big news out of Texas next. But first let's talk about first
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- 11:42firstmininggold.com. But let's move down now to Texas
- 11:48and talk about big news we get from Texas.
- 11:50A couple things we want to look at here is just over the
- 11:54weekend, what does it mean when the governor of Texas tweets
- 12:01this? OK, Greg Abbott just yesterday,
- 12:05yes, June 29th, puts out a tweet where he states I signed a law
- 12:13authorizing Texans to use gold and silver as legal tender in
- 12:18day-to-day financial transactions.
- 12:21Gold and silver as legal tender in day-to-day financial
- 12:25transactions. It fulfills the promise of
- 12:28Article 1, Section 10 of the US Constitution.
- 12:32Now, let's go over here and dig into this just a little bit.
- 12:36This is Texas, guys. Who alone, right?
- 12:39Texas, if it were its own country, right, their economy
- 12:42would rival that of most of the other countries in the world.
- 12:47OK, Texas authorizes gold, silver as legal tender for daily
- 12:52transactions in yellow Texas made a significant move in the
- 12:59in the realm of Financial Policy by authorizing gold and silver
- 13:02as legal tender for daily transactions.
- 13:04Governor Greg Abbott signed a law that recognizes these
- 13:08precious metals as a form of currency, making Texas the first
- 13:14US state to implement this initiative on a large scale in
- 13:20purple. This development offers Texans a
- 13:24new financial choice, integrating gold and silver into
- 13:28the state's legal tender system. All right, finally in red, the
- 13:33law enables day-to-day, day-to-day transactions through
- 13:37the Texas Bullion Depository. Oh yeah, that's right.
- 13:42Texas built their own bullion safe.
- 13:45But the depository Suppose whatever which is overseen by
- 13:50the state comptroller's office, OK, so it's regulated.
- 13:54While this move does not immediately impact crypto
- 13:57currencies, it does open the door to potential long term
- 14:01market implications, especially if these metals are tokenized
- 14:06through the blockchain technology.
- 14:08This is very interesting guys, because Texas, which has a a
- 14:12regulated and audited state depository, there's potential
- 14:17that they could tokenize that gold, right?
- 14:20Not unlike what, what, what they've done with, with XAUT
- 14:24where there's a crypto token that is absolutely backed up by
- 14:29real gold, real silver. It's very exciting what Texas
- 14:33could be doing here. OK.
- 14:35The immediate effects are primarily financial, influencing
- 14:38market perceptions and reflecting broader political
- 14:41motivations. This step underscores Texas's,
- 14:45Texas's, Texas's Texas unique approach to finance, which is
- 14:52largely independent of federal oversight.
- 14:56So Texas, OK, apparently told this guy, where'd he go?
- 15:02Here he is, our old friend. He's going to be giving a
- 15:04speech, I think tomorrow, Jerome Powell, the Federal Reserve,
- 15:08that we're going to follow the Constitution.
- 15:10We're not real fond of this stuff here, right?
- 15:13Paper money. OK.
- 15:16So very interesting development. Texas, again, is a huge economy
- 15:22standing on its own. It rivals that of like a lot of
- 15:25the big major countries of the world.
- 15:28So much going on. This is a big, big, big, big
- 15:31time period that we are living through right now for precious
- 15:36metals, for any investments, even crypto.
- 15:38They're outside of the Fiat paper money system.
- 15:42Listen to what the billionaire said, right?
- 15:45Hey, this thing's doomed. I don't want to be, you know, a
- 15:48profit of doom. Who knows how much longer it can
- 15:51go on? But simple math and a calculator
- 15:54will tell us, right, that the US dollar is facing some serious,
- 15:58serious challenges. Then on top of that, we know
- 16:03what's been happening when we when we decide to measure the
- 16:06value of this right precious metals, there's that 5 oz bar
- 16:11from First Men. When we decide to use the US
- 16:13dollars, the unit of measure, which we've all been pretty much
- 16:16brainwashed into doing throughout our whole lives.
- 16:21We know we know that where we are right now with silver from a
- 16:26month and close perspective and we're going to get it right.
- 16:29I mean, unless they like if they bash silver below $35 today, I
- 16:34think, you know, people will go nuts, crazy, OK?
- 16:39And what we have to look forward to on a quarterly basis when we
- 16:43listen to people like Robert Kiyosaki, who's telling us about
- 16:47the asymmetric opportunity right now in silver, all precious
- 16:52metals are in for some very, very good times ahead.
- 16:57I want to say thank you for joining me today.
- 16:59I really do appreciate it. We'd love to talk about the
- 17:02precious metals. We'd love to protect ourselves.
- 17:05I think that's what we're really after ourselves, our loved ones,
- 17:09right? But I want you to feel like
- 17:10you're welcome here in the basement because you are right.
- 17:13This is a, this is the, the, the miracle of technology that
- 17:17allows us to get together, hang out right and talk about what's
- 17:21going on out there. This is a community.
- 17:24You're a critical part. I want you to come back.
- 17:27Please don't forget, subscribe to the channel #1 take care of
- 17:30yourself. Be well and I'll see you soon.
- 17:33And oh, and one more thing. Let's go Silver.
- 17:37Hi, ho Silver.