Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨ALERT! - This is HARD To BELIEVE ✅ (Gold and Silver Price, Fed rate cuts!)

Transcript

🚨ALERT! - This is HARD To BELIEVE ✅ (Gold and Silver Price, Fed rate cuts!) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:02
The gold price is soaring. Silver is pathetically low right
0:07
now. The silver price should easily
0:09
be at $50 per oz right now. And I have a big number of
0:14
reasons that I'm going to share with you today that will make it
0:18
very clear to us just how incredibly undervalued the
0:23
silver price is right now. I hope you're doing great.
0:26
Thank you for being here. Thanks for being a basement
0:29
dweller. OK?
0:30
Please give this video a thumbs up if you enjoy your time here
0:34
and it gets crowded. It's growing.
0:36
More and more people are knocking on the basement door.
0:39
You're here right now. It's a big deal.
0:41
Please subscribe to the channel. Give this a thumbs up and you
0:44
can share it with your grandma. Anybody you like share the
0:47
video. Super chats are always super
0:50
appreciated guys. We got a number of very
0:53
interesting reasons why the silver price in particular
0:58
should be much higher. Let's get started.
1:00
Let's start digging in right now.
1:02
We're going to go to a chart here.
1:03
This is the gold to silver ratio and we have an interesting
1:07
development that I spotted last night that I want to point out
1:11
to you now. The gold to silver ratio.
1:14
This is a 30 year chart of the gold to silver ratio.
1:17
It measures how many ounces of silver it takes to get one ounce
1:21
of gold. You simply divide the gold price
1:24
what 2650 by the silver price and that'll tell you how many
1:30
ounces of silver you need to buy right now it's super high right
1:35
now it's around 85. Yes, it would take you 85 ounces
1:39
of silver to get one ounce of gold.
1:40
But what indicates to us that we are getting near a breaking
1:46
point is this triangle formation on the 30 year chart.
1:50
If you can see these two blue lines, you can see they form a
1:54
triangle in which in which the gold to silver ratio has been
1:58
trading for oh easily the last two or three years.
2:03
If we just look at the furthest part to the right, but really
2:05
going all the way back to about 10 years ago, it will break out
2:09
of this triangle. What I see is the downward slope
2:14
is more powerful. Now I need to remind you of
2:16
this. This is a situation where for
2:19
the silver price, the lower this ratio goes, the IT is for the
2:24
silver price, OK. And it looks to me like we have
2:28
more downward force. Eventually that red line will
2:32
break out of that triangle either to the upside or the
2:36
downside. But I also want to draw your
2:39
attention to the fact if you look on the left hand side and
2:43
you go to like 85 or 90 and draw an imaginary line across the
2:48
screen, we have hardly ever been above 90, which gives us even
2:53
more reason and knowledge to know that this gold to silver
2:57
ratio, when it does break out of this triangle will most likely
3:02
break to the downside. We had a a kind of a fluke back
3:05
during C19. You can see around the year 2020
3:08
where it shot up. Remember when silver crashed
3:11
over the weekend during the early days of the C19 crisis?
3:15
Really, you can take that out and it was a very short period
3:18
of time. And you can see that we've
3:20
really historically never been hired.
3:23
Now where it gets even more interesting.
3:24
And don't you worry, basement dwellers, I'll be right back
3:27
looking you in the eye. I can still see you right now.
3:30
You're important, OK. But if we look back over time,
3:34
I, I hear people say 50 is kind of a long term average.
3:38
But even on this chart, I would say 60 to be conservative, a
3:44
gold to silver ratio of 60. And if we take the current gold
3:48
price, we'll just take 2600 here.
3:51
Let me take a look at you. Hold on here.
3:53
Let's see where we could be, should be on the go on the
3:56
silver price right now at a 60 to one gold to silver ratio.
4:01
We'll do it with exact numbers because we want to get this to
4:05
the penny. We'll go out to our friends at
4:07
Pembacs and right now we are wow.
4:10
Gold is up $12.00 per oz Silver having a little bit of a rough
4:15
morning, down 17 cents. Nothing to get crazy about.
4:18
But if we take the gold price $2632.00.
4:24
Hi everybody. 2632 and divide that by the current silver price
4:32
3095 thirty point 95 we get 85 to one OK now, so we're at 85
4:42
right now on this gold to silver ratio.
4:44
If we take the current gold price 2632 and divide that by
4:51
sixty, that would be a 60 to one ratio.
4:54
That's 44 look like I've called for by Christmas, $43.86.
5:02
That would be $44.00 silver if we had a 60 to one gold to
5:08
silver ratio, meaning that it only took 60 ounces of silver
5:12
for you to get your little basement dweller paws 60 ounces
5:16
of silver to get one ounce of gold.
5:18
We'll look at it one more time quickly.
5:20
OK, quickly look over there, guys.
5:23
OK, When we look at this chart, 60, I'm going to pull it up full
5:26
screen. 60 is like easily the average since 1995.
5:34
So, you know, say what you will about the silver price, but
5:39
silver is vastly, vastly undervalued, no doubt about it.
5:43
We're going to look at some other factors later.
5:45
There's a lot more reasons, right?
5:46
We're going to compare silver to the NASDAQ, which is just
5:50
absolutely mind blowing and see how we could, well we could have
5:57
we could have a silver price. I don't want to I don't want to
5:59
give it away, but it will be very, very high.
6:01
Let's say that next thing I want to talk about is like another a
6:05
secret. This is a brand new reason why
6:08
we can be optimistic about silver.
6:10
I got a great e-mail this morning from my friend Oren the
6:15
Silver Hermit. I've one paragraph I want to
6:17
highlight from a recent Substack post that he put out and uh oh,
6:24
hold on here. All right, here we go.
6:30
This is the silver hermit Substack or an Elbaz.
6:33
Great guy. He's been on the channel, loves
6:35
silver and puts out some unbelievable research.
6:39
But I just want to draw your attention to this because this
6:42
is the one of the there's some secret factors and I'm going to
6:46
give you some examples right now.
6:48
One big example of a factor that could really propel the silver
6:52
price higher, he says. But the main reason why I think
6:55
that the price of silver can really go berserk is the
6:59
speculative Dr. which the public has adopted in recent years.
7:04
Think about this guys. People are into crypto
7:08
currencies, people are into these crazy high flying tech
7:12
stocks. People are in.
7:14
I mean, there's so many bubbles that are out there right now.
7:17
It's like a new mindset And listen to how he puts it because
7:20
I think he sums it up. What happens when that mindset,
7:24
ask yourself this question, what happens when that mindset comes
7:28
to the silver market? People have learned that hard
7:32
work and creativity no longer guarantee a decent life
7:34
standard, and that successful speculation in real estate or in
7:38
stocks is the only way to escape poverty.
7:41
Silver is an asset which very few people own.
7:45
If just a tiny amount of the capital which is sloshing around
7:49
in the financial markets finds its way to silver, it can really
7:54
catch fire, OK? People have speculative mania
7:59
that hasn't even begun to come into the precious metals
8:02
markets, hasn't even begun to come into the silver market or
8:06
the precious metal mining stock market, OK.
8:09
And it's just a tiny bit of that capital.
8:11
I mean, guys like one percent, 2% of that capital, it, it makes
8:16
like 100% different difference in things like the silver market
8:20
or the precious metal mining stock market, OK, Just a tiny
8:25
amount of the capital which is slashing around in the financial
8:28
markets finds its way to silver. It can really catch fire.
8:30
It has the potential to become a self reinforcing phenomena.
8:35
A sudden increase in the silver price for instance, due to banks
8:39
being forced to liquidate their short positions will attract the
8:42
attention of investors who will start buying it and bidding up
8:46
its price. OK so so far we know silver is
8:51
crazy undervalued from the gold to silver.
8:53
I mean, just to get back to even normal conservative gold to
8:57
silver ratio, we're looking at $44.00 silver.
9:01
Oren brings up a critical point. What a great example, right?
9:06
There's no, there's no speculative mania in the silver
9:10
market. Well, maybe in India.
9:12
I'm going to show you some examples of that crazy in a
9:15
little bit, but in the. OK, OK, thank you.
9:20
All right, guys, there's ten rings of the pocket pinger for
9:26
100 thumbs up from you, my basement to all their friends.
9:29
Thank you very much. As as the speculative money
9:33
starts to come back into the silver market, it just starts to
9:36
come back in. It's going to be it'll be
9:39
absolutely huge. We know Extra's pyramid.
9:42
We know. I mean, we're talking just a a
9:44
tiny bit. It's like trying to drain Hoover
9:48
Dam with a garden hose because the markets are so small.
9:52
I read this morning and the entire another reason why silver
9:58
is undervalued. The entire market cap of the
10:02
silver mining sector is worth like 1% of the entire crypto
10:08
market. OK, there's big Wilds.
10:10
I mean, I'm not anti crypto or anything like that, but there
10:14
certainly seems to be some wild speculation within the crypto
10:18
market. And if just 1% of that money,
10:21
right, that 1% of that money represents the entire silver
10:26
mining sectors market cap. It really, really is crazy.
10:30
I'll tell you another this, the herd is coming, the western
10:35
herd, I believe they're coming. OK, one reason why, right?
10:38
It's wake up time. I can tell you from my own
10:42
experience and from other people that are in the precious metals
10:45
sector on YouTube, more and more people are joining us.
10:49
Look, we almost 400 people and it's getting crowded down here.
10:54
You better get a good seat, right, Basement dwellers?
10:57
By the way, I'm glad you're here.
11:00
You're important, you matter, you're part of the group.
11:03
We see you. OK, welcome to the club.
11:05
If you want to call yourself a basement dweller, you can.
11:09
OK, now we want to hear from you.
11:11
Please leave comments in the comments section because what
11:14
you think is important, but the fact that viewership and it's
11:18
not. I would like to think that that
11:21
the reason that views on my channel are up are because of my
11:24
dynamic personality and boyish good looks.
11:27
But Susie disagrees with that. I think it's because we just
11:31
naturally have a growing number of people in the United States
11:36
who are starting to wake up to what's going on.
11:39
And it's just the beginning, but it's happening, OK.
11:43
And as this as this situation develops, as we move through the
11:48
end of the year, to me, and I've noticed this over the last three
11:52
years, that when when more people start watching the gold
11:56
and silver YouTube videos, it seems like demand for the
12:00
metals, especially at the retail levels start to go up.
12:04
And what what, why is that important, right?
12:07
That's a critical factor as we go into the next two years.
12:10
The guy, Jeff Christian at CPM group, he said what's and he
12:14
predicts higher silver prices in the next year or two.
12:16
He said one of the driving, big driving factors will be investor
12:22
demand. All these new people joining us
12:25
in the basement, joining other YouTube coin shop, Chris, right?
12:29
For instance, ball guy money, right?
12:31
Everybody's views are going up and up and that's because new
12:35
investors are coming into the market.
12:37
And on top of that, and we haven't talked about this for a
12:39
while, another another critical big reason why we're going to
12:45
have more money coming in is because we have more female
12:49
stackers coming into the silver and gold community.
12:52
I've noticed a big uptick. Again, you know, I'd like to
12:55
attribute that to my boys good looks and dynamic personality
12:59
charm, but Susie disagrees. So welcome to all the women.
13:04
Welcome to all the new stackers. Everybody say welcome.
13:06
You know what? Here, let's put it in because,
13:08
guys, we are growing. I'm going to put my money where
13:11
my mouth is and say welcome, if I can spell it properly.
13:16
Welcome. OK, we got a lot going on.
13:20
OK. Oh, more, more proof.
13:24
One more reason why we know is because the ETF flows are up
13:29
more money, it's actually positive, net positive, more
13:32
money right now going into the gold and silver ETF's.
13:36
That's retail investor and that can be some institutional
13:40
investors as well. But just the very fact that
13:43
we've got positive flows for the first time in a long time into
13:47
the ETF's. And don't forget, right, with
13:50
the coolest smart, you know what, the coolest smartest?
13:52
The reason to be optimistic? Bill Streibel from Blue Line
13:56
Futures. He pointed out this fact that
13:58
like historically, people don't really start moving into the
14:02
gold and silver ETFs until a month after Jerome Powell and
14:07
the Federal Reserve cut interest rates.
14:09
And then it goes on for like 6 months.
14:11
So we could be woof, are you? We're not.
14:14
We got, we have more reasons why silver and gold are going to be
14:18
going uppity, uppity, uppity. But again, thank you, basement
14:21
dwellers. Are you feeling comfortable now?
14:23
We're at 450 people. There's only room for 800 in the
14:27
basement. They're going to we're going to
14:29
have to lock the door guys. And, and, and that's not joking
14:33
around. What that means when I say that
14:37
is I will lock the door right when we get to 800.
14:40
I thought there's only so many people that are going to be able
14:43
to get the medals once this really takes off.
14:48
OK, look, I could be wrong. Don't make any financial
14:50
decisions based on what I'm saying, but but we could be in a
14:54
situation where we will have to lock the door to the basement
14:58
because there's going to be no more metals left and we're going
15:01
to have to be really careful, if you know what I mean.
15:04
So it'll be interesting. So right now, what about, let's
15:07
switch over to gold temporarily and talk about $3300 gold.
15:13
Want you to listen to this statement.
15:14
OK, Macro fundamentals like macroeconomics or however you
15:20
want to talk. Macro fundamentals and chart
15:23
technical analysis are conspiring.
15:26
There's a conspiracy. What do you think of that?
15:30
They're conspiring. They're working together.
15:34
Macro fundamentals and chart technical Analysis for Gold to
15:39
hit up to $3300, $3300 per oz. We're going to listen to what
15:48
they Mr. Earthly from the junior mining junkie.
15:52
This guy pointed out some fascinating points about the
15:55
situation we're in right now and could we be on the cusp of a
16:01
continued major bull. We're going to talk about the
16:03
reasons why. Let's go out first.
16:06
I met let's go out first and let us say thank you to channel
16:12
sponsor Pendex. We need to do an update.
16:14
We are live baby, it's Monday morning.
16:17
Hold your breath, OK, take your high blood pressure medicine
16:20
with me. I'm going to press the Pendex
16:21
magic button and refresh and all right, we're up 10 bucks in gold
16:26
2002, 1630. If we were in a time machine and
16:32
we went back a year ago, I believe we'd be talking about
16:35
like 1900 eighteen, $100 gold. So let's take a deep breath,
16:41
boy. That's like 6-7 eight, $100
16:44
higher on the gold price right now.
16:46
Silver $30.91. We're hanging in there.
16:50
Hey guys, this our group is made possible by the support of
16:54
sponsors like Pimbex Pi, MB EX. We're at their website right
16:59
now. I will never tell you what to
17:02
do, but you may benefit from throwing them in the mix next
17:06
time you're shopping for gold, silver or platinum group metals
17:09
online. It's where I buy my silver.
17:13
I bought from them before they sponsored the channel.
17:16
What you always find with Pinbacks is a great selection.
17:20
OK, great customer service in prices that are, I will say
17:25
ultra competitive. I always know I like it because
17:28
it's a one stop shop for me. I feel like I don't have to
17:31
spend hours and hours researching different companies
17:34
trying to compare a bunch of different prices.
17:36
Sure, I check and I would encourage you do as well, right?
17:40
But what you'll find is the prices always are extremely
17:43
difficult to beat. And sometimes if you find a
17:46
price that's better, then you have to dig in and do hours upon
17:50
hours upon hours of research on the company.
17:52
And anyway, for me, it's easy and it's good.
17:56
And I'm very grateful because I have just received overwhelming
18:00
positive response from the basement dweller community when
18:03
it comes to Pembex. Thank you, Pembex guys, let's
18:07
talk about $3300 gold, but more importantly, the reasons why.
18:12
And I want to go out to an excellent piece of work from a
18:17
guy who's actually was in the basement one time.
18:19
I need to get him back on a Dave Earthly.
18:22
He is super respected in the silver and gold community.
18:25
Very nice guy, very smart guy. He has a like a paid
18:31
subscription service called Junior Minor Junkie.
18:35
But again, he's like one of the one of the good guys out there.
18:38
And I'm gonna bring up a couple points that he that he talks
18:43
about that I believe give us very good reasons why gold and
18:47
silver could be heading much higher.
18:49
He said the Federal Reserve began an expected easing cycle.
18:54
Did you guys hear this? The Federal Reserve cut rates by
18:57
50 basis points on Wednesday of last week.
19:00
This is where it gets interesting. the Fed also
19:02
projected lowering interest rates by another half point
19:06
before the end of 2024. Well, that has nothing to do
19:10
with politics now, does it guys know?
19:13
And the world's most powerful central bank has.
19:16
They have two more meetings. So they'll be two more
19:18
opportunities before the end of the year for the Fed.
19:21
Just to get your little FED update.
19:23
OK, The market cheered. This is important.
19:26
It's in red as both equities and gold traded at all time highs
19:30
after the central bank officially caved on inflation
19:36
that remains well above its mandated 2% target.
19:39
We've talked about this. the Fed has given up on the fight on
19:43
guys, inflation is going to rule the day. 2025 will be the year
19:50
of of inflation. the Fed acts like they want to fight
19:53
inflation. The reality is the only way with
19:57
all the debt, with all the deficits, the only way that the
20:00
system continues, is it the Fed let's inflation run.
20:05
I'm not saying necessarily, but we definitely could have
20:08
hyperinflation, right? Like where things really go
20:12
crazy. But at minimum under the best
20:15
case scenario, we are going to have high inflation going
20:18
forward. The Fed.
20:20
They're they're they're, I hate to say this, and we have, I
20:22
could go through about 20 examples where they've been
20:25
completely wrong and lied in the past.
20:29
They don't really they need inflation that we need to
20:32
remember. Even though inflation, quote,
20:34
remains somewhat elevated, the Fed statement said policy makers
20:38
choose to cut the rate in light of the progress progress on
20:43
inflation. But in orange, the balance of
20:47
risks. We're going to talk more about
20:48
that now because it's telling us what's coming.
20:51
And when this economic recession, depression, whatever
20:56
you want to call it, hits, you're they're going to turn the
20:59
money printer on. Be ready.
21:00
Be I'm telling you what's going to happen, although I could be
21:03
wrong, don't make any financial decisions based on anything that
21:06
I say, but I'm very confident on this one and I'm usually right.
21:10
The significance of this cannot be understated, especially when
21:16
considering it was only 10 days ago the traders were pricing
21:21
only an 18% chance of 1/2 point cut.
21:24
The half point cut, it was like everybody said it's going to be
21:28
1/4 point, quarter point. And then at the last minute it
21:31
like it was weird. Did you notice that it suddenly
21:34
turned into a half point? We were talking about that.
21:37
We were looking at the CME Fed watch tool with inflation still
21:41
well above the feds mandated 2% target.
21:44
OK, inflation still above their quote UN quote mandate, which
21:49
allows them to only steal 2% of your money per year.
21:52
The larger rate cut confirms that the central bank believes
21:56
the economy is in trouble if we're not in a recession.
22:01
We got more to talk about, but I need to look you in the eyes if
22:04
we're not in a recession, OK. If everything's great, why did
22:11
they cut rates by half a percent when they had thank you, Susie,
22:16
when they hadn't even accomplished their quote, UN
22:20
quote goal of getting inflation down to 2%?
22:26
Why? I mean, we got and I know it's
22:28
all there's a lot of noise and distraction, but if we kind of
22:31
take a step back and think about it, why did they cut by half a
22:36
percent if everything is so awesome?
22:39
Maybe that little balance of risk statement tells us what's
22:43
going on. Now, I'll give you an example
22:47
based on past experience. What happens when we go into a
22:50
recession, when the economy really slows down?
22:52
Two things. Number one, they don't admit it
22:55
till like a year later. Oh, yeah, We were in a recession
23:00
back in 2024. We just didn't realize it.
23:03
OK. The other big thing that
23:05
happens, the only trick, the only trick that Jerome's got up
23:10
his sleeve, the only thing left. Right.
23:13
I want you to I want you to visualize this.
23:15
And that is printing money, electronic paper, this right,
23:24
right. This stuff will be flying out of
23:27
the Fed. That's what we can expect.
23:29
That's what's going to happen. Now there's more.
23:36
They talk about the yield curve inverting on inverting.
23:39
That means we're in a recession. OK, Orange is the, is the Fed
23:44
held rate steady at a 20 year peak, right.
23:47
I think we had 20 year high interest rates since October.
23:51
The last four quarters have experienced a move in gold like
23:55
no other in history. Even when we had 20 year high
24:01
and think of think of what's going on guys. 20 year highs in
24:04
interest rates. Gold had moves like no other in
24:09
history. The safe haven metal rallied
24:12
from near 1800 to rise 45% in the in the and and post 35 all
24:19
time daily closing highs so far this year with interest rates at
24:27
20 year highs. OK Gold went up 45% this year
24:32
and has posted 35 all time highs.
24:36
Historically, the precious metal has never scored multiple all
24:41
time record highs in such a short period of time.
24:45
With just six coma trading sessions left in Q3, we're
24:49
almost at the end of the third quarter.
24:51
Gold futures stand a good chance of closing above $2600.00 an
24:54
ounce. With the precious metal sector
24:56
rising concurrently with equities mean going up together,
25:00
it is somewhat surprising that markets have chosen to focus on
25:04
dovish global monetary policy and they haven't really reacted
25:08
with keener risk aversion to increase geopolitical tensions
25:12
in the Middle East and Eastern Europe and the South China Sea.
25:17
Not to mention a 5th of November US election becoming more
25:21
chaotic by the day. Everywhere we look, we're seeing
25:25
unbelievable news that points toward higher silver and gold
25:28
prices now that the Fed has officially reversed its monetary
25:32
policy while the US government shows no sign.
25:36
Gosh, it never ends. No signs of backing off from
25:40
trillion dollar deficits. The added prospect of war
25:44
escalating in all three of these regions at once is keeping gold.
25:49
Well bid. You know, you've got the economy
25:53
that's in trouble, OK, the US economy, Why else would they cut
25:57
rates? That's a good reason, right?
25:59
Because the economy is in trouble.
26:01
You've got the world geopolitically in a more
26:05
precarious position than any other time in any of think about
26:08
your life. Have you ever lived in a period
26:11
where there was so much war and geopolitical risk out there?
26:15
And then on top of it, on top of it, you've got the United States
26:20
debt levels. The whole US would call, we call
26:22
that the fiscal situation in our country, which is so screwed up.
26:27
We could talk for the next 5 hours, right?
26:30
35 trillion in debt, massive 1 trillion interest expense.
26:35
That makes the deficit get bigger, that makes the debt get
26:37
bigger, that makes the end. I mean, it's a doom cycle that
26:40
we've covered already. Simply stated, we like
26:43
simplicity. Gold is in a roaring bull market
26:47
after a historic 13 year cup and handle breakout in March.
26:51
Oh, and by the way, on top of all those other things, we also
26:55
had the most reliable, powerful chart pattern, technical
26:59
analysis pattern breakout right? The cup and handle in gold.
27:02
Wait till it happens in silver. The velocity of that move will
27:08
depend on the degrees of escalation and war, Fed rate
27:11
cuts and US election chaos and fiscal issues as well.
27:16
I add that the the gold futures cup and handle tech technical
27:19
breakout target is 3000. We're going to talk about
27:23
numbers now. So the the current gold target
27:26
would be around 3 in the futures would be around 3000.
27:31
If you do Fibonacci, which is another form of technical
27:34
analysis, the next Fibonacci target is at 3336 based upon the
27:41
depth of the 2011 2015 pullback. On the downside, gold under 2500
27:48
would be troublesome. I can't put Can you believe, but
27:51
it think, just think back a year guys, if one year ago right now
27:56
and we were talking about this right, the goal could be much,
27:59
much higher in the coming year. But if at that time we would, we
28:03
would have known that we'd be talking about $2500 gold price
28:09
if gold were to drop from where we are now, we wouldn't believe
28:12
it that that would be troublesome.
28:14
We would not believe it. Gold moving below 2300 could
28:18
suggest the rally is over. OK?
28:20
The bullish, and this is what's key macroeconomic fundamentals
28:25
and intermediate term technicals conspire that gold may be
28:31
preparing for a plateau move towards 3000 to 3300 before an
28:36
extended correction takes place. OK, and let's remember
28:42
something. That's gold.
28:44
That's just gold. OK, Silver follows gold.
28:51
Think about this $3300 gold silk.
28:56
OK, I need to ring the bell. Thank you, Susie.
29:00
That's for 200 thumbs up for all you new basement dwellers.
29:03
We ring the bell when we get 200 thumbs up.
29:05
Silver has not moved yet. At the beginning of this we
29:10
talked about the 85 to 185 to one gold to silver ratio.
29:15
Silver and the mining stocks, OK, have not moved yet.
29:21
Gold really is the only thing that's made a truly spectacular
29:26
move. OK.
29:28
But next will be silver as we see a compression of that gold
29:33
to silver ratio if things play out like they have, this is
29:37
normal, by the way, what we're going silver investors.
29:40
OK, I'm going to give you an example and give you the reason
29:43
why what we're going through right now is normal.
29:46
Gold takes off, that's healthy. Silver lags.
29:50
That's the way this is always worked, right?
29:53
Eventually silver catches up. We get to A50 to 160 to one.
29:58
If we had a 50 to one gold to silver ratio, we're over $50 per
30:03
oz in silver. Also right around the same time
30:06
that silver moves, the mining stocks, the mid size will start
30:10
to move and then the last thing to move will be the junior
30:14
mining sector, the developers and the explorers.
30:17
And the, and the pace of their move is usually even more
30:22
unbelievably strong than what we've seen.
30:24
So what we're going through right now is absolutely normal.
30:28
What about $27,000 gold? So I have a subscriber comment.
30:32
I always bring one up every live stream.
30:35
Let's go out and see what our friend Wesley had to say.
30:40
He said in U.S. dollars isn't gold valued around 45,000 an
30:46
ounce with a 40% backing. It is crazy to think people have
30:52
no idea that dollars are IO us and their digits on the computer
30:58
can be can be deleted or created in a second.
31:02
That is terrifying. Well Wesley brings up a couple
31:05
of good points. Right?
31:06
Let's not forget guys, this is paper, this is nothing.
31:10
This is just confidence. This can be created, destroyed
31:14
in a in a whim by our government.
31:16
We know that. We know that during the C19
31:18
crisis, they, they, they, they printed 40% of all of these that
31:25
had ever been created in the history of the world.
31:29
I know it seems permanent to you.
31:32
Likely it feels permanent to me because my whole life this I was
31:36
brainwashed into believing has value.
31:39
This is just a promise. This is nothing, right?
31:42
It's paper faith and confidence. So let me and I'll get back
31:47
there because it's actually 27,000.
31:49
But let me ask you a question. If this is based on faith and
31:53
confidence. And this really, really gets my
31:57
lights, my Wick. But Americans in general, not
32:03
us, but just your average American has utter disdain for
32:09
the politicians, the polls. I'm just reporting the facts,
32:13
right? Like Congress and the senators
32:16
and maybe even the president will leave that one alone.
32:19
Have like the and the vice president have the lowest
32:23
approval ratings like in history.
32:26
OK, Why would that why then why do those same people have so
32:32
much confidence in this? Because guess who's that those
32:36
that's what you have. That's what your confidence is
32:38
then. Okay, you know, think about
32:41
that, think about it, right. So when we, when it comes to
32:47
backing of the, of the, of the, of the dollar with gold, if it's
32:52
a 40% backing, Jim Rickards who worked for the Department of
32:57
Defense, wrote a best selling book, super respected guy.
33:00
He did all the math. And if I have this correct,
33:04
which I'm pretty sure I do, his numbers came to $27,000 if you
33:10
were to back 40% of the M2 money supply.
33:14
And that's like the the money that's in the banks, that's
33:16
really the money supply that's just backing that.
33:18
Not all the debt, not everything else.
33:20
Lynette Zhang did some figures that I think came.
33:24
Oh, thank you, Thank you, Susie. Susie here.
33:28
Here's Susie. Guys, you want to say hi to
33:29
Silver Susie? She's got her own Adirondack
33:32
chair, and there she is. Hey.
33:35
Hey, Susie, say hi to everybody. Hello.
33:40
Everyone. OK, anyway, Leonard Zhang's
33:45
numbers came to over 100,000. If you back all the debt that we
33:50
have with gold. I mean, it's absolutely crazy.
33:54
Don't forget, don't forget one month from today, it's already
33:58
here. One month, right?
34:01
Major BRICS meeting summit in Russia.
34:05
Strong speculation from a lot of people, a lot of people, a lot
34:10
of smart people, not people that are that are tinfoil hat
34:13
conspiracy theorist like smart people saying there's there's
34:17
there's. I'll say strong speculation that
34:20
we could hear about a potentially gold backed BRICS
34:25
trade settlement currency. It'll be interesting to see how
34:28
that all plays out. It'll be very, very, very
34:30
interesting. And we did get a super chat.
34:32
Let's check this out. I think it's our friend, Yeah.
34:34
Silver Surfer. And he says why?
34:37
Net news reporting that Netanyahu pushing for ban on
34:42
private ownership of gold, silver and other alternatives to
34:47
Fiat. Very interesting.
34:48
I hadn't heard that, so I'll have to check that out.
34:52
OK, I I just did. Sweetie, you got a little bit of
34:54
a delay on your end. Thank you for the Super chat
34:58
number one, and thank you for bringing that up.
35:00
I have not heard that. So I want to I'll do some
35:02
research on it, but of it definitely would will be of
35:06
interest to all of our fellow basement dwellers.
35:09
It just gets crazier and crazier.
35:13
You know, we heard this unbelievable news out of India.
35:18
I actually dug in to figure out what is going on with India and
35:24
silver and it's pretty darn interesting.
35:26
Let's go take a look here at some actual press that came from
35:34
India. OK, And this is what we learned
35:39
this. I guess it's like CNBC India or
35:42
something. I don't know.
35:43
It was hard to tell, but but silver prices may soon cross
35:49
record highs in India. I don't know how to read this
35:51
this currency, so we'll just say record highs.
35:56
Silver prices in India have surged and analysts are now
35:59
expecting the metal to cross, blah, blah, blah.
36:01
OK, let me pull this up for you quickly just to give you some
36:05
context in terms of what we're dealing with.
36:08
Need to go to the proper slide and this is an up to date a
36:13
chart showing silver price in India.
36:16
This is in rupees INR per oz. Look at this chart guys.
36:21
And I drew a blue line on there just to show kind of the the
36:24
velocity and actually you could draw another line.
36:27
I mean the price of silver in India is at all time highs.
36:33
OK, look, you can see a cup and handle on the right hand side
36:37
that has broken out and continues to to to to soar
36:41
higher. This is in India, all right,
36:44
This is not just India where we're seeing last week we looked
36:48
at a number of other countries that already have silver at all
36:53
time highs. It's and it's just that we went
36:56
through the same thing with gold.
36:59
Gold hit all time highs last year in a number of different
37:03
currencies, right in China and Russia.
37:06
Can't I mean all over the world. And then the OK, thank you.
37:11
So wow. Hey, Brian Drapp, keep the
37:14
silver faith. Ron.
37:15
Thank you. Hold on.
37:16
Let me pull him up. Oh, my gosh.
37:19
All right, I got it. Thank you, Brian for the Super
37:21
chat. Yes, W basement dwellers will
37:23
keep the faith going. And you guys are being super.
37:26
Cliff Moberg, good to see you. Thank you, Silver Surfer.
37:30
Thank you. Cliff Moberg and Brian Drapp.
37:34
Thank you, guys. OK, But we saw the same thing in
37:38
gold. Gold broke out last year in all
37:42
these different currencies and we talked about it, right.
37:45
It's just a matter of time for gold to break out to all new all
37:49
time highs in the US dollar and boop it happened.
37:52
So what does that tell us about silver as silver starts to break
37:56
out to new all time highs in a lot of different foreign
38:00
currencies? It's it's very, very
38:02
encouraging. And think about this, India.
38:06
Hold on. Oh, shoot.
38:08
OK, Well, let's go back to our article and here we go.
38:16
All right, guys, I think we're still alive.
38:18
Here we are. Yeah.
38:20
India imported what, 45,000,000 ounces of silver in August,
38:28
right? Unbelievable. 45,000,000.
38:32
I think the whole world produces like what, 850 million?
38:37
So that would be like maybe 70 million.
38:40
The whole mining sector, think about this.
38:42
This is an unbelievable reason why we need to be optimistic
38:47
about silver. If the whole mining sector in
38:50
the month of August only produced about 70 million ounces
38:54
of silver, that's it from the whole entire world.
38:58
India imported 45 million of them.
39:02
I mean, that's easily 2/3 unbelievable what's going on.
39:08
And what makes it even more astounding is the fact that
39:12
India did that while in Indian rupees.
39:15
The price was at all time highs here.
39:19
This is driven in India by a combination of factors including
39:24
weakening U.S. dollar and record high gold prices.
39:27
Both of these are providing strong support for silver's
39:30
upward momentum. India's demand for silver has
39:33
significantly increased as evidenced by the country's
39:36
silver imports. In August, the value of silver
39:40
imports soared to whatever that is 11,000, a sharp jump from
39:45
1300. That's like an 8 times increase
39:50
in August of this year over August of last year.
39:58
The spike in imports? Oh, look at those shoes.
40:00
I bet you want to get yourself a pair of those, don't you?
40:02
This spike in imports stresses the strong domestic demand for
40:06
silver. No, I don't want you up Twitter.
40:09
The heck. And investors look to hedge
40:13
against inflation and currency fluctuations.
40:17
On the global, oh, this is interesting.
40:19
All right, OK, here we go. On the global front, silver's
40:22
facing a supply deficit. Surprise, surprise, surprise,
40:25
right? You knew that already for the
40:26
4th consecutive year. But listen to these price
40:30
forecasts from big banks. UBS.
40:33
Thank you, Susie. We got 300 thumbs up.
40:35
Thank you, guys. UBS projects the silver price to
40:38
be between 34 and 36 dollars per oz by the end of the year.
40:45
We like that OK City predicts silver to rise to 35 to 38 per
40:51
oz over the next 12 months. JP Morgan expects the silver
40:55
price to average around $36 per oz in 2025.
41:00
Those guys are all wrong because we and, and basement dwellers
41:06
you right. I'm talking to you and a lot of
41:10
the other smarter guys in the room know that when silver gets
41:14
to 34 that it's they're saying 3435, it's going to go from 3435
41:19
to 44 lickety split, right? Faster than you can name the
41:24
five countries that are in the BRICS, Brazil, Russia, India,
41:27
China, South Africa, All right. The bullish sentiment is further
41:30
amplified by press by predictions from Motel Aswat.
41:35
OK, thank you, Susie. Which in April forecast that
41:39
silver prices could reach whatever that is.
41:41
OK, everybody is super bullish on silver.
41:46
That is awesome to hear. Now I am missing some super
41:50
chat. So I owe you guys a big apology.
41:53
Dustin. There's Brian, like we thanked
41:56
him already. And here's our friend Dustin.
41:58
Dustin, thank you for that super shot Slingshot coming as
42:02
supplies. Titan Yeah, guys, here, let's
42:05
here, here. I'll show you.
42:06
You know, do you know what it means when they say slingshot
42:13
move? What they mean is like a bungee
42:16
cord, right? And they're talking about how
42:20
silver is lagging gold just part of the that's just part of the
42:25
reason the gold. We talked about this at the
42:26
beginning, guys. The gold to silver ratio is near
42:29
historic, really historic highs. Who in their right mind is going
42:34
to take 90 of these, OK, 90 beautiful silver rounds and
42:43
convert that for one ounce of gold?
42:45
I mean, don't, no offense, I probably said that too strongly.
42:47
If I offended anyone, I apologize, but it's at historic
42:51
highs. I just can't envision taking
42:53
four tubes of silver and 10 more of these into a coin shop and
42:59
saying I want to trade this for an ounce of gold.
43:00
Nothing against, I'm just giving my opinion a slingshot move and
43:08
it's it is going to be propelled by so many things.
43:11
So we're talking about that the I got to bring it out.
43:14
I'm sorry. OK, we're talking about that
43:16
elastic. See this see this Boing Boing,
43:20
boing. That's elastic.
43:21
This is the gold price. It's chugging along right?
43:25
It's up to 3300. This is getting it's very hard
43:28
for me to pull this. OK, this is the silver price,
43:32
the little silver truck when this in the in the red elastic
43:37
band is the gold to silver ratio.
43:41
And on top of that the little silver truck and the gold keeps
43:44
going higher and it's it's going to keep pulling silver.
43:47
But that elastic band is also getting more and more tension in
43:50
it, and the silver truck is getting loaded up with, like,
43:53
premium fuel. What do they call that?
43:55
I'm not a real car guy. Nitroglycerin or nitroglyceride,
43:59
turbocharge, whatever. All the fundamental things
44:02
behind it. And when it moves, you can't
44:04
feel this. But trust me, it's getting hard
44:06
for me to hold this apart. That's the slingshot.
44:10
All that tension in there. Let's go.
44:14
OK, That's what we're talking about when we're talking about a
44:19
slingshot move. OK, let's go to the NDX file.
44:25
This is where we start talking about 550 and a bunch of you
44:28
people asked me to explain this again, so I'll do it right now.
44:32
This shows how silver could get to $550.
44:36
I know crazy, right, $550 Oh, it's a, you're a, you're a
44:40
pumper. Are you a pumper?
44:43
I mean, guys, I think silver could get the, I think silver
44:46
could get the $5500 in my lifetime.
44:50
I think you could get to 50,000 because and look, I know, right,
44:54
that's bad news for the US dollar.
44:56
But I'm not real number one, I'm not real optimistic on the US
45:01
dollar. But we have charts that will
45:03
show us in no uncertain terms math, OK, Math shows no
45:08
forgiveness on the altar of truth, just how easily.
45:13
And let me get rid of that banner.
45:15
Thank you, channel sponsor Pembex.
45:17
Thank you, channel sponsor First mining gold.
45:19
And thank you, channel sponsor Fortuna Mining.
45:22
I want you to see this whole thing.
45:24
This is critical, guys. And yes, I'll explain it again.
45:28
This compares the silver price to the NDX.
45:33
What's the NDX? That's not some fancy Acura car,
45:36
anything like that. No, the NDX is the NASDAQ 100.
45:41
You can see it written down right below it.
45:44
That's the 100 biggest companies on the NASDAQ.
45:47
All right. And this is a ratio.
45:49
So you divide $31.00 the price of silver by the value of the
45:54
NDX, which is a bunch of overpriced bubble tech stocks,
45:58
NVIDIA, Amazon, Microsoft, Apple, all those OK.
46:03
And that ratio, if you look down on the lower right hand corner
46:06
is at all time lows. Shoot, hold on here, back there.
46:14
And for some reason I chat exit. I don't know why it won't.
46:20
I got this little window. There it is, .0016.
46:25
OK, so when you divide the silver price by the value of the
46:28
NASDAQ 100 is .0016. This is a chart going back all
46:33
the way to 1984 that shows you how that ratio has gone down,
46:38
down, down. The lower it goes, that means
46:41
the lower silver has been valued against the tech stocks.
46:44
It's bad for silver. And look at this, right, it
46:47
dropped really down. Then we got to the.com bubble in
46:51
the year 2000 was really low. It came back up a little bit,
46:55
OK, In 2011 when silver got higher in value in the, in the
47:00
bat, in the in the tech stocks, it crashed.
47:03
It got all the way to point O2, OK.
47:06
But since then, now that we're in another tech bubble, it has
47:10
gone down, down, down. If right now we just went back
47:13
to let's say point O2, that would be like what, an 8-9, no
47:20
more than that 10 times increase in the silver price just to get
47:25
up to that point. If you look on the right hand
47:27
side where it says .02 about where it was in 2011, if we were
47:33
to get all the way back and there's no reason we can't all
47:38
the way back to where we were back in the 80s at .055, that is
47:43
more than a 30 times increase in the price of silver.
47:48
Now this can happen in one of two ways.
47:50
This can also happen. This can also happen via a
47:56
combination of factors, meaning that the tech stocks come down
47:59
and silver goes up. Let me look show you a couple
48:02
quick examples. OK, thank you, Susie.
48:09
Just a couple quick examples here.
48:11
Where we are now is up at the top silver $31 divided by the by
48:16
the NASDAQ 100 is the .0016. OK.
48:21
If the NASDAQ 100 were to drop to 10,000 on the middle example
48:26
and silver went to 550 dollars, then we would be back to where
48:30
we were in the 80s point 055. That's real.
48:34
That really happened guys. We were really at .055.
48:38
That would be NASDAQ dropping in half basically and silver going
48:43
up to 550. If the NASDAQ, the bottom
48:46
example were to stay, the NASDAQ 100 just stayed where it was
48:50
right now, OK, Silver would have to go to $1100.00 an ounce just
48:57
to get back to that .055, which again, this is not Fantasy
49:04
Island here, OK? This is Ron's basement.
49:06
These are real numbers, .055 happened and it happened in
49:12
recent history. So to think that it can't happen
49:15
again is foolish. OK, I know it sounds astounding.
49:20
I agree 100%, but those ratios have happened.
49:25
Think about gold, you know, what about a gold that?
49:28
Hold on, let's all have a quick drink of coffee and I know we
49:33
got another super chat that I need to recognize, but let's go
49:35
to let's go take a look at gold. Could gold be twice where it is
49:40
right now, right. Let's look at gold as compared
49:44
to the the S&P 500. This is great.
49:49
OK, this shows us same thing. It's a ratio.
49:55
This is the S&P 500 divided by gold.
50:00
So the higher the essence is. And right now it's hovering
50:03
around 2, right, which I don't know what's the S&P 500 at?
50:07
Hold on, I'm going to look it up real quick for you.
50:08
Look. At yes, the Super chat and.
50:11
The gong. OK, super chat and Gong.
50:13
Thank you. Whoops.
50:15
Hold on here, guys. I'm still here.
50:17
Hopefully we're still live. You can hear me and everything,
50:21
the S&P 5 hundreds, it fit 5700. So yeah, basically that ratio
50:26
right now 5000, the S&P 505,000 seven 700 divided by gold, 2600
50:33
is around 2, a little over two, OK.
50:36
The lower this ratio goes is better for gold, OK.
50:41
And as you can see, I drew a line across where we are, where
50:45
2 is where we are right now, the upper blue line going all the
50:49
way back to 194019301920. OK.
50:54
We've only been above short periods of time, very short
50:59
period. The majority of that time has
51:01
been below. And if we look at parity which
51:05
would be 1 to one on the right hand side, you see the 1 and I
51:08
drew the bottom blue line. That would be that would be gold
51:13
right now at 5700. That would be the S&P 500 at
51:17
5700 divided by gold at 5700. The bottom line that's the one
51:22
go across on that. It looks like there's been many.
51:26
That's about the average of where we've been throughout
51:29
history. So this idea that we couldn't
51:32
get astronomically higher prices for gold and silver is not
51:38
hogwash, OK. It's absolutely not hogwash.
51:41
Hey, we got more super chats. Let's go down here, man.
51:46
You guys are being super. Thomas Nelson, thank you.
51:52
The great bull lives. The great The great Burrow
51:54
lives. Had it right.
51:57
Excuse me. Gold and silver.
51:58
I have to look up. Bro.
52:00
Bro, I've. I'm sorry.
52:03
I apologize. The Red Nose reindeer.
52:08
OK? It's according to Susie.
52:10
It's from Rudolph. The Red Nose Reindeer.
52:13
Susie, what does it mean? Can you please help me?
52:17
It's kind of a reference to Christmas time, silver and.
52:21
Gold Oh, is it? Is it that song?
52:23
Silver and gold, Silver and gold, Susie.
52:34
OK. All right.
52:36
So anyway, guys, thank you for the Super chat.
52:39
And that brings up what does it mean?
52:41
Silver and gold permeate the world, right?
52:45
Let's talk about this because this is a big reason why we can
52:48
feel comfortable having invested in precious metals.
52:53
Silver and gold absolutely permeate the world.
52:56
There is no other market anywhere.
53:00
Poor Indian farmers and there's about a billion of them all own
53:05
silver and gold people in China and there's 1.4 billion of them,
53:10
right? There's 1.4 billion all own
53:12
silver and gold. I told you the story about the
53:15
guy where I work at night for he's been in the US for like 6
53:18
years. He's like, Oh my God, he's like,
53:19
I want, he said, Ron, why? Why would I put my money in the
53:23
bank Paper, paper. He said real estate, whatever
53:27
bubble in China, I don't trust the banks and the stock market
53:34
no good, right? I mean, the whole world buys
53:38
silver and gold. It's in it.
53:39
My kids even this is what gets exciting.
53:42
All right, And I'm going to I'm going to give you an example why
53:47
nobody in the United States except US basement dwellers buys
53:51
silver and gold. We are a very elite group of
53:54
people. But everybody else think about
53:56
this, Everybody else has all has the seed planted.
54:02
You know, my mom was asking me about buying silver the other
54:05
day. You know, I'm like, it's my,
54:06
it's the mommy indicator. OK, maybe she watches my live
54:09
streams. Maybe I've influenced her a bit.
54:11
But nonetheless, my kids know, my 12 year old kids, all their
54:15
friends, they know silver and gold.
54:17
Like everybody has the seed planted.
54:20
So when it starts to move, it could really start to move.
54:23
Hey, oh, I got to ring the gong. Hold on one second.
54:25
It's right here. Let's ring the gong for all the
54:30
thumbs up. All right, You guys are awesome.
54:39
Thank you to the moderators, Jake from Jake's Custom Parts,
54:42
Big Tim, the Silvershire and the one and only Annie Oakley and of
54:45
course, Susie Silver. Susie, let's see if she wants to
54:48
say goodbye. Do you want to say goodbye to
54:50
everybody, Suzanne? Goodbye.
54:53
Everyone, thank you for joining us this morning and I hope you
54:57
all have a wonderful. Monday.
55:00
OK. All right, guys.
55:01
Have a great day. Thank you.
55:03
Thank you. We love you.
55:04
Basement dwellers. Don't forget you are important.
55:07
We see you, right? We're a group.
55:10
You're welcome here. You're part of the club.
55:12
Please come back. Thank you for the Super chats.
55:15
Thank you for subscribing. Thank you for the thumbs up.
55:18
Just thank. But most importantly, no,
55:20
seriously, this is the biggest thing.
55:22
Thank you for being you, OK? Because if it wasn't for you,
55:25
there would be no Ron's basement, OK.
55:27
And there's always going to be room for you down here in the
55:31
basement. You're part of the club.
55:32
And don't forget, please support our sponsors, Pin Backs First
55:37
Mining Gold and Fortuna Mining. Have a great day guys.
55:40
I'll see you soon. Thank you.