Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 Robert Kiyosaki and SILVER ALERT! 🚨 -- You Best HEAR This -- (Gold NEWS Update)
Transcript
- 0:00Two big reasons why $78 silver is a huge, huge deal.
- 0:06We're going to get into that. Also, Robert Kiyosaki issues
- 0:10another big warning. And right, the silver
- 0:13billionaire separate from Robert Kiyosaki.
- 0:16We're talking about somebody else.
- 0:17Yeah, that billionaire, the new Hunt brothers.
- 0:20He issues a major warning that we want to pay attention to and
- 0:26silver overtakes Apple. Yes, that apple.
- 0:29Wow. We've got big things to talk
- 0:31about. The biggest one is, hey, Merry
- 0:33Christmas, happy holidays. Let's talk about you for a
- 0:37second. It's been great having you with
- 0:39me here in the basement Over the past year, over the number of
- 0:42years, we've grown this channel together to like 67,000
- 0:46followers. I pride myself on connecting
- 0:49with my audience. That's you.
- 0:51You're a big deal. I'm not here without you.
- 0:54It's just a cold, dark, dank basement, but we bring it to
- 0:58life together. So thank you very much on behalf
- 1:01of myself and the one and only upstairs, Susie, who's running
- 1:04around like crazy getting ready for Christmas.
- 1:07So she won't be joining us today, but we appreciate you.
- 1:09Please subscribe to the channel that's free, leave a comment,
- 1:13give us a thumbs up, all that great stuff.
- 1:15Let's talk about some interesting developments in the
- 1:18world of silver and we'll cover gold $78 silver.
- 1:23Can you believe this? Yes, it's real.
- 1:25In the Chinese spot market, we get this guys.
- 1:30This was shared by Justario and there's two big reasons why this
- 1:33critical, exciting reasons why this is unbelievable, $78,
- 1:38Silvery said. Not only spot silver traded in
- 1:41Shanghai closed it not just $78 but $78.49 already today, but
- 1:49silver is now trading in backwardation in China,
- 1:54signaling even there the demand supply imbalance of physical
- 1:58silver is becoming acute. So two big reasons why we're
- 2:02going to pay attention to this. Let me get the crayons out for
- 2:05those of you who are new, this is the SGE, the Shanghai Gold
- 2:09Exchange. It's their physical basically
- 2:11spot market. Here's AG, which is silver.
- 2:15Can you believe this? 78 dollars and $0.49.
- 2:19Now when we go to the Shanghai Futures Exchange and look at
- 2:24silver, they listed as silver. They're not AG, but nonetheless,
- 2:29the futures price is now lower at $78.02 than the spot price.
- 2:36That is backwardation. That is a big deal, OK?
- 2:39That means that even in China, maybe there's a little concern
- 2:43about the futures being able to deliver on the silver.
- 2:49Because remember this right here, this is the key.
- 2:52The Shanghai Gold Exchange is a physical market where, as I
- 2:56understand it, 99% of any silver traded there is on a spot basis.
- 3:01But there's even a bigger reason why.
- 3:04I'll circle it one more more time.
- 3:05I can't believe. Imagine a year ago, guys, if we
- 3:08pulled this chart up and I'd said don't worry, on Christmas
- 3:11Eve 2025, we'll have a special surprise $78 silver.
- 3:16Most of us would not have ruled that out of the realm of
- 3:19possibilities. It feels like what we've talked
- 3:22about for years is coming true. I digress.
- 3:25The other reason why we're going to care about $78 silver, Let me
- 3:30look you in the eye. Not only is the Chinese market
- 3:33also in a state of backwardation, but on top of
- 3:36that, OK, we talked about this yesterday.
- 3:39The Comex and the LBMA prices now are following what goes on
- 3:44in China. Everybody knows it, China,
- 3:47India, Russia, all of Asia, they are taking over the, the pricing
- 3:51mechanism for the metals physical is taking over.
- 3:55And we talked about how that spread between the COMEX in the
- 3:59LBMA in the Shanghai Gold Exchange had been compressing.
- 4:03We just talked about this yesterday.
- 4:05So what the reason why we're so excited about this is if that
- 4:09trend continues, what we should see is the COMEX in the LBMA
- 4:15adjusting their prices a little bit higher to let's say get
- 4:18closer to what we have on the Shanghai Gold Exchange.
- 4:22That's what I think. That's what I'm super excited
- 4:24about and we know what's happening all around us out
- 4:27there right now in the world of gold and silver.
- 4:31Thank you to 1st Mint for sponsoring Ron's basement.
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- 5:39They help make this possible. But what I feel even better
- 5:42about is the fact that the feedback you guys are giving me
- 5:46is I've had no negative feedback period and a lot of awesome
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- 5:55sponsoring Ron Spaceman. What did?
- 5:56Robert Kiyosaki? Yes, Robert Kiyosaki, Right.
- 6:00Like best selling financial author, he has something very
- 6:03interesting to bring up about what is happening.
- 6:06Hold on here. You don't want to look at me.
- 6:09Well, maybe you do. Hey, there I am.
- 6:11Hi, guys. All right, look over here.
- 6:15Let's bring up Robert Kiyosaki. I'll keep myself on the screen.
- 6:18You can watch me struggle here. And there we go.
- 6:21Now I have the right screen up. Robert Kiyosaki says silver over
- 6:25$70. Here's a big warning here.
- 6:27OK, great news for gold and silver stackers, bad news for
- 6:32fake money savers. What he's referring to, there
- 6:35are people who have their money and bank accounts and Fiat paper
- 6:39money. OK, he says.
- 6:41I'm concerned. This is the warning, $70 silver
- 6:45may signal hyperinflation in five years as the fake dollar
- 6:51keeps losing value. And that's the scary part, guys.
- 6:55Look, I love my country. I love the United States.
- 6:58I don't agree with 1971 President Richard Nixon taking
- 7:01us off the gold standard. I don't agree with taking silver
- 7:04out of our coinage. But it happened and
- 7:07unfortunately, I don't. You don't agree with it.
- 7:09We don't agree with it. But the situation with the US
- 7:12dollar, if you can, if you can, and I know you can operate a
- 7:16standard calculator, you don't have to be Albert Eisenhower to
- 7:20see that the dollars, I mean, lost, what, 99% of its value
- 7:24against gold since 1971, continues to lose value.
- 7:28And the scary part is the spiral proposition, the debt spiral
- 7:33proposition that we may be facing, that means this could
- 7:36accelerate, right? Andy Scheckman, I've heard him
- 7:39say it all the time. Like, sometimes these things
- 7:41happen slowly, slowly, slowly, and then suddenly.
- 7:47OK, so anyway, says don't be a loser, fake money.
- 7:51And he doesn't mean that in a bad way, but, you know, he
- 7:53trying to help people. Fake money will continue to lose
- 7:56purchasing power as silver goes to $200 in 2026.
- 8:02Now, you know, I've been following.
- 8:04We've been following David Bateman.
- 8:06I forgot you can see me on the screen while I had that up.
- 8:09Hopefully you could see it. Anyhow, David Bateman, the new
- 8:13Hunt Brothers, this guy has over 13 million ounces of silver.
- 8:16I don't know how much gold he has, but he puts out another big
- 8:20scary warning. This is hot off the presses.
- 8:23Let's go see what this guy is telling us because he's in our
- 8:27camp. He says this.
- 8:29OK, the masses. OK, the masses.
- 8:32Don't we have a word? We like to refer to the masses
- 8:35like the other 9796% of people out there who don't own gold and
- 8:41silver. They're part of a herd.
- 8:42Oh, yeah, they're part of. They're part of a herd of sheep.
- 8:46So we affectionately like to refer to them as sheep warning,
- 8:50sheep warning the sheep. All.
- 8:54OK, the masses, both rich and poor, won't learn what physical
- 8:58gold and silver is. What?
- 9:00What gold and silver is for until hyperinflation sets in.
- 9:06Wow, 2 hyperinflation post in one day, then they will never
- 9:11unlearn it. And I'm going to explain to you
- 9:13the critical, critical point about what he's saying right
- 9:17here. Your broker has been trained not
- 9:19to see it. So you'll get no warning.
- 9:22What we are seeing now is is the awake front running what is
- 9:26about to happen. All right, the what's happening
- 9:30here, right? So we got Robert Kia Kiyosaki,
- 9:33we got David Bateman talking about hyperinflation, right?
- 9:37I don't know. I'm not one of those complete
- 9:39doom and gloom and says, Oh my God, you're going to wake up
- 9:41tomorrow and the dollar is going to be worthless, right?
- 9:44I mean, it could happen. But what they're talking about,
- 9:47what Bateman is talking about is a very critical point that when
- 9:51we look at what what other people are doing, they are
- 9:54suffering from something called recency bias, meaning that,
- 9:59well, if it didn't happen for the last year or five years or
- 10:0210 years, right? It's been like they've been like
- 10:05the dollar losing value little by little by little and now
- 10:09accelerating. It's like that old, I hate the
- 10:11analogy, but I'll use it. It's like boiling a frog.
- 10:14I know that visual just doesn't work with me, right?
- 10:17It's recency bias just because, right?
- 10:20The money in the bank, it didn't go go worthless overnight.
- 10:24It's like they did it over time and since everything's been OK
- 10:28up to now, but we are smart enough to broaden our lens,
- 10:32right? That's what happens down here in
- 10:34the basement when we get together and it's a big deal.
- 10:37You're here. Thank you again, right?
- 10:38We broaden our lens and we can look back and we know that
- 10:42throughout history, right, anytime.
- 10:45And it's happened hundreds of times, if not thousands, that a
- 10:48country went off a gold standard or a silver standard and started
- 10:52printing Fiat money. It has always ended in disaster.
- 10:57OK, period. Paper money, toilet paper,
- 11:00however you want to say it, that's the fact.
- 11:03Let's look at some funnies. Want to have some fun for those
- 11:06of you, for those of you who are nude silver welcome, right?
- 11:10We've got hundreds. We got 700 people on this live
- 11:12stream snap live stream on a on a Christmas Eve.
- 11:15The number of people are growing and growing, but I want to to
- 11:18watch something fun with you for just a few seconds.
- 11:21Those of you who may have bought your silver when it was under
- 11:23$25, OK. And if you bought it at 50, if
- 11:27you're buying it now, hey, look, I'm not a financial advisor.
- 11:30Don't make any financial decisions based on me.
- 11:32But if you bought it recently, look at who knows, it could be
- 11:36sooner as opposed to later. You're going to be looking back
- 11:39and celebrating like this guy as well.
- 11:42I thought this was great. Came from our friend, OK, the
- 11:48dude who's always giving us the paper silver stuff, but he put
- 11:52this out yesterday. He says when you bought silver
- 11:55at $25, I'm going to play this for you.
- 11:58It's short, but it's great. This is what it feels like if
- 12:01you bought silver at $25. Yes, yes, it worked.
- 12:09It worked OK. The market cap of silver is
- 12:16going through the roof. We know and we believe it has a
- 12:20lot further to run, but it's it's making big waves.
- 12:23And I'm going to show you a piece of data right now.
- 12:26They can put a big smile on the face of every silver stacker out
- 12:29there. But I'm going to give you the
- 12:32reason why I think that it could really is this continues to
- 12:36occur, could really be a massive tailwind for silver, which let's
- 12:42face it, right? Silver's been respected for
- 12:45years. I remember.
- 12:49And then we'll go to this data. I remember we have a
- 12:52neighborhood swimming pool where I live.
- 12:54I love it. It's a great place.
- 12:55And I remember being in the swimming pool two years ago
- 12:58swimming around, right? You can visualize that.
- 13:01And if a certain neighbor came up to me who I didn't really
- 13:04want to talk to, all I had to do was start talking about silver
- 13:08and they would swim away, you know, like a little scared fish
- 13:11from a shark. It was like, you know, the score
- 13:14of the neighborhood. Well, that's about to change and
- 13:16that is changing right now. And what I want to show you here
- 13:19next, I think will be a part of that change.
- 13:22And what we're talking about is mainstream media picking up on
- 13:27what is happening. And here's the big news.
- 13:29Hold on, I got to give credit here.
- 13:31Silver trade breaking silver. Silver soars past Apple.
- 13:36Now I know the market's been down, we'll go out and take a
- 13:38look at the silver price. Do a backwardation check here in
- 13:41a second. But silver, at least at the time
- 13:43of this post, had soared past Apple Computer to become now the
- 13:48third largest market cap in the world #3 who's above us?
- 13:55NVIDIA, who only has like a price to earnings ratio of like
- 13:59what 6000 and gold. OK guys, silver is getting
- 14:04attention. The reason why this is important
- 14:07is because when more and more people start to realize that
- 14:11silver is now becoming one of the most valuable assets in the
- 14:15world from a market cap perspective, OK, it is going to
- 14:20draw more and more attention to the silver sector, right?
- 14:23From from from general investors, from institutional
- 14:27investors, and even from the retail investment side, right?
- 14:30And NVIDIA is not that far ahead of us right now.
- 14:35So we will be keeping a very, very close eye on that.
- 14:38Next, I want to talk about all this crazy and it is truly crazy
- 14:42stuff going on, these dislocations between the
- 14:45physical and the paper market. Before I do that, let's say
- 14:49thank you to channel sponsor first Mining Gold.
- 14:52Hey, I've known the CEO of that company because I own the stock
- 14:57for years and years before they sponsored my channel.
- 15:01I made videos about the company before they sponsored the
- 15:03channel and and loved First Mining Gold.
- 15:07I'm not a financial advisor, do your own research, but they now
- 15:10sponsor Ron's Basement, which is a big honor and it is a stock
- 15:14that I hold. OK, again, do your own research,
- 15:17all that great stuff. But what I love about First
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- 15:38Great company again, firstmininggold.com.
- 15:42All right, let's talk about it's screwed up.
- 15:46That's the only way we can say it.
- 15:48What's going on in a good way. Hey, let's let's do some show
- 15:53and tell. I'm going to get a new piece out
- 15:55soon. That's the silver dragon.
- 15:57For those of us that love silver.
- 16:00Isn't that beautiful? OK, I love silver, right?
- 16:04But the markets are screwed up between the paper market, the
- 16:07electronic market, what we like to call fantasy island silver,
- 16:13right? We joked around the other day,
- 16:15what is it Now there's there's 357 paper make believe ounces of
- 16:20silver that are traded for each one ounce of real silver.
- 16:25And what backs up that 357 oz will be joked around and said
- 16:29all that silver that's miles underground that's yet to be
- 16:32mined. None the less, there's a lot
- 16:37going on right now with silver lease rates and then also the
- 16:40swap silver lease swap rates. A lot of attention is being
- 16:45drawn to that. I dug into it.
- 16:47We could talk about this for hours.
- 16:49It's very technical. But basically what it's showing
- 16:52is that for the future, it, it goes back to backwardation again
- 16:56for the future to, to get silver in the future, that should cost
- 17:01you more. And the fact that these rates
- 17:03here, I'll read it to you, the, the silver swap lease rates are
- 17:08off. That's all I can say.
- 17:10That's basically it. And what it's indicating is that
- 17:13people want silver now. They want, they're paying a
- 17:17premium to get it now as opposed to waiting hopefully to get it
- 17:21at some point in the future. So the only thing and the only
- 17:25thing that's going to fix this dislocation between these silver
- 17:29swap lease rates is a much, much higher price.
- 17:32That's the that's the theory that makes sense when you dig
- 17:36into it is a much higher price than silver.
- 17:38Again, I don't have a crystal ball, OK.
- 17:41I do have a bear right there, a silver bear with an $85.
- 17:46I can't believe we're getting that close.
- 17:48We are in China. We may be taking it off
- 17:50tomorrow, but he's got an $85 blindfold.
- 17:54You can see him right there. That blindfold comes off when we
- 17:57get $85 silver. Don't forget that Big Bear right
- 18:00there. Those of you who've been around
- 18:02for years, that bear right there, that giant teddy bear had
- 18:06a blindfold on that said $2500 gold.
- 18:10OK, that I said I would take off when gold hit $2500.
- 18:14I think that was what, a year ago?
- 18:15I can't even remember now. I'm getting older.
- 18:16You may relate to that, but nonetheless, we took that
- 18:19blindfold off. The important thing to remember,
- 18:23I have files of emails, almost hate mail that I get from people
- 18:27when that when that bear was there with 2500 blindfold saying
- 18:32you're you're you're misleading people, gold will never get to
- 18:352500 dollars again, blah, blah, blah.
- 18:37You know, so just just we'll see.
- 18:41OK, we'll we'll see. What did I want to show you?
- 18:44There's something I got some another funny.
- 18:46Oh, let's go check. I know what you want to do.
- 18:49You want to go check on the gold and silver today's, but there's
- 18:51been some volatility, so we don't know what we're going to
- 18:54get when we go out to check the gold and silver price.
- 18:58First, we will go to the spot price here.
- 19:02Oh my gosh, is that accurate? Silver was down.
- 19:06Oh, hold on here, let's refresh this.
- 19:11Wow, Silver's back up again, $71.85 again in the black bar in
- 19:16the middle where you can see my cursor.
- 19:19That is the world spot price, so that should be from the LBMA.
- 19:23Now give me a second. Sorry, hold on, give me one
- 19:27second. I'll be right back with you.
- 19:30We are going to go out to CNBC and we are going to check on the
- 19:37futures price of silver. We need to do a backwardation
- 19:41check. So the OK, so we are not in
- 19:44backwardation because the futures price right now for the
- 19:48March silver contract is $72. We're going to bookmark that for
- 19:53fun. We're also going to go back in a
- 19:55time machine real quickly and see one year ago on Christmas
- 20:00Eve when we were talking about silver, what the price was.
- 20:04Hold on, is that it? Well, that was Christmas Day,
- 20:07$30. I told you last year on
- 20:12Christmas Day, don't worry, next year we're going to have 60-70
- 20:16dollars silver, now $72 silver on Christmas.
- 20:19I mean, unbelievable. OK.
- 20:21So we're at $72 in the futures market, which is right, We're
- 20:27not really, but basically the same between the futures price
- 20:31and the spot price. So when the spot price is higher
- 20:35than the futures price, that's unusual, that's called
- 20:38backwardation. That means people are nervous
- 20:40when the normal state of any market like a silver and gold
- 20:44commodities, anything where the spot price is lower than the
- 20:48futures price, that's normal. That's called contango.
- 20:52So we are precariously balancing between backwardation and
- 20:56contango. What are we going to call that
- 20:58backward tango? Semi backwardation, semi
- 21:03contango? I think.
- 21:04I think we'll call it backward tango.
- 21:06All right, here's another funny, then it's Lancy.
- 21:10I had to share this one with you.
- 21:12You know, the world is going crazy for silver and gold.
- 21:17He put out this very, very telling post yesterday or this
- 21:22morning. He's providing us with an
- 21:24exhaustive list of nations that are not buying gold or silver.
- 21:29So these these, these are the nations that are not buying gold
- 21:33and silver to strengthen their balance sheet.
- 21:35Let's pull this up. Oh, there's nothing on the
- 21:38sheet. All right, all right guys.
- 21:43Hey, don't forget check out Dirty Man Safe.
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- 22:39fix this all around the world. And who doesn't like to do
- 22:42something nice? All right, guys, thanks again
- 22:44for being here. Don't forget, please subscribe
- 22:46#1 right? You are important.
- 22:49It's a big deal when you come here.
- 22:50We appreciate you. On behalf of Upstairs, Susie and
- 22:54myself, we'd like to wish you happy holidays, Merry Christmas,
- 22:58and I will see you in a few days.
- 23:01Take care, I'll see you soon.