Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨CRITICAL🚨 THIS is a MAJOR Update! -- Shift to Silver & Gold 💰💰

Transcript

🚨CRITICAL🚨 THIS is a MAJOR Update! -- Shift to Silver & Gold 💰💰 · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Major crisis, but big reasons to remain big time optimistic about
• 0:06
  the gold and silver price. We're going to cover it all in
• 0:09
  this video. We've got a crisis to talk
• 0:11
  about. We also want to talk about the
• 0:13
  richest guy, the smartest guy in the room who's making massive
• 0:17
  mammoth purchases of gold. We're also going to talk about
• 0:22
  silver manipulation, what we can expect here in the coming
• 0:26
  months, but most importantly what happened last week that
• 0:29
  should have every silver investors hair curling on top of
• 0:32
  their head and if you heard this big story about lab created
• 0:37
  artificial gold, you know they make lab created diamonds and it
• 0:41
  crashed the diamond market. Is the same thing going to
• 0:44
  happen to gold big news story this week, but I'll tell you
• 0:49
  what we can expect from that as well First, thank you for being
• 0:52
  here. This is a silver and gold focus
• 0:54
  piece of content for the basement dwellers for the silver
• 0:57
  and gold community. It's a big deal you're here.
• 1:00
  Hey, people in the crypto world have been begging me for more
• 1:03
  silver and gold related content as well.
• 1:06
  Everyone's welcome here in the basement.
• 1:09
  It's a big deal you're here. Please subscribe to the channel,
• 1:11
  give the video a thumbs up. Super chat, super thanks are
• 1:15
  always super appreciated, but let's dig right in.
• 1:18
  What's the big crisis on Friday? Ever notice they don't do this
• 1:22
  until after the market closes on Friday?
• 1:26
  They come out Moody's and they finally downgrade the United
• 1:30
  States debt. Let's run out and take a look at
• 1:33
  the article because it's a big deal and it's a big crisis and
• 1:37
  we know that it's been a crisis for a while.
• 1:40
  But here, Moodys downgrades United States credit rating,
• 1:43
  citing growth in government debt.
• 1:45
  Well, you think, huh, Do you think there's some growth in
• 1:51
  debt? Moody's had been on a holdout
• 1:53
  and keep it had been the holdout in keeping US sovereign debt at
• 1:57
  the highest credit rating possible.
• 1:59
  So guys, here's the deal. Here's the bottom line.
• 2:01
  We're not going to bore ourselves by reading through a
• 2:04
  CNBC article. We know the real deal, right?
• 2:08
  Moody's was the last holdout. There's three big credit rating
• 2:11
  agencies in the United States of America, S&P, Fitch and Moody's.
• 2:17
  S&P and Fitch had already down degraded the US debt.
• 2:19
  I think S&P did it like 10 years ago.
• 2:22
  Anyway, the reality is we're in a debt spiral here.
• 2:26
  We can do a crash course less than 60 seconds and make it
• 2:30
  very, very clear to all of us just exactly what is going on.
• 2:35
  There's our national debt, $37 trillion, interest on the debt,
• 2:41
  1 trillion, and we have a deficit.
• 2:43
  OK, here, get your calculator out now.
• 2:46
  You know what? You can do this in your head.
• 2:48
  U.S. Federal spending, right?
• 2:50
  The government spends 7 trillion and the government right here,
• 2:55
  U.S. Federal tax revenue brings in
• 2:58
  five trillion. That creates this budget
• 3:01
  deficit, which every year makes the national debt go up.
• 3:04
  And with interest rates going up, that makes interest expense
• 3:07
  here. I'll show you what it creates
• 3:10
  very quickly, what color you want.
• 3:11
  How about a shade of blue for you today?
• 3:14
  What it creates, The debt makes interest go up, makes the
• 3:19
  deficit go up, which makes the debt go up, and it just goes in
• 3:22
  a great big circle, also known as a debt spiral.
• 3:27
  That's the situation we're in. It is a crisis.
• 3:30
  Gold and silver stand to benefit real assets.
• 3:34
  Anything that's finite, You know what infinite means, you can
• 3:38
  make it forever. Here I'll give you show you a
• 3:40
  quick example of infinite. They can print infinite of
• 3:44
  these. As a matter of fact, they're
• 3:46
  going to have to to deal with that debt crisis.
• 3:48
  Anything that's finite, maybe something that's been valuable
• 3:51
  for 5000 years. Here, look at this pretty 5 oz
• 3:55
  bar from first met, right? It's finite.
• 3:58
  There's only so much of this in the ground.
• 4:01
  God, Mother Nature, however you want to say it, only put so much
• 4:05
  silver in the ground, on the planet.
• 4:08
  Gold also. Those will do very well.
• 4:11
  That happens to have been money for 5000 years.
• 4:13
  Yeah. When you hold a piece of this in
• 4:16
  your hand, you're holding a piece of monetary history.
• 4:20
  It's been valuable for 5000 years older than your grandma
• 4:24
  and grandpa. OK All right, what about the
• 4:27
  smartest guy in the room? What if the smartest person you
• 4:30
  knew, you heard, was buying gold and silver?
• 4:33
  We're going to blast through this one, but it's very
• 4:35
  important. Ray Dalio.
• 4:37
  Do you know who Ray Dalio is? Founded Bridgewater Capital, one
• 4:40
  of the world's biggest hedge funds.
• 4:42
  He's one of the wealthiest guys. He started this out of his
• 4:44
  apartment and built it into this massive hedge fund.
• 4:48
  He's buying gold. OK, when we talk about gold,
• 4:52
  gold what what's good for gold is good good for silver as well.
• 4:57
  Let's go check out what Ray is doing and we will go.
• 5:02
  Hold on, hold on. We'll go here first.
• 5:07
  Ray Dalio, just if you want to look him up, do it yourself.
• 5:10
  Legendary hedge fund manager and founder of Bridge, Bridgewater
• 5:12
  Associates, one of the world's largest and most successful
• 5:15
  hedge funds. Next.
• 5:18
  And I forgot to share that. Hold on here.
• 5:20
  Sorry, guys. There it is right there.
• 5:22
  Ray Dalio. I just read it to you.
• 5:23
  We won't read that again. Let's go to the next screen,
• 5:27
  which will show us big news this week.
• 5:31
  That that guy, the smartest guy you know, The smartest guy we
• 5:34
  know. OK, I know you're smart.
• 5:36
  You've got a good head on your shoulders, plenty of
• 5:39
  intellectual horsepower. But here from Barchar.
• 5:42
  Whoa, whoa, whoa, whoa, whoa. Ray Dalio's Bridgewater
• 5:45
  Associates opened up a 300 in $19 million position in gold
• 5:52
  according to their new 13F filings.
• 5:55
  The 13 F filings are the quarterly filings that the the
• 5:59
  big hedge funds are required to put out.
• 6:02
  Now look at this. I'm not going to play this whole
• 6:04
  thing for you, but I'd highly recommend you watch this video.
• 6:10
  It's called The Time the United States Ran Out of Money.
• 6:14
  And I'll start. We'll just watch the first like
• 6:16
  30 seconds in the last 30 seconds.
• 6:18
  Then I'll tell you a synopsis of what it's what she's all about.
• 6:22
  We'll do the hokey pokey and we'll turn ourselves around and
• 6:25
  that's what it's all about. And let's start.
• 6:28
  When I was a young clerk on the floor of the new.
• 6:30
  York Stock, it's 19. The United States ran out of
• 6:33
  money and defaulted on its stats.
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  That's right, the US ran out of money.
• 6:39
  How? Well, back then gold was the
• 6:42
  money used in transactions between countries.
• 6:46
  Paper money, like the dollar, was like check.
• 6:49
  OK guys, So what he talks about in this is what happened in 1971
• 6:54
  when President Richard Nixon took the United States
• 6:56
  temporarily off the gold standard, OK.
• 6:59
  And he also talks about in 1933 when Roosevelt because the
• 7:04
  government ran out of money, the government during both during
• 7:08
  both of those periods, the dollar was backed by gold.
• 7:11
  The dollar was also backed by silver at times in the past as
• 7:14
  well, but nonetheless, the government needed more money,
• 7:18
  but they didn't have the gold to back it up.
• 7:20
  So they just conveniently said, hey, you know what we'll stop
• 7:24
  backing our money with gold. Hold on.
• 7:26
  Let me give you a good quick look in the eye.
• 7:28
  And you know what that led to right money printing.
• 7:32
  Of course. Let's go back to the video and
• 7:34
  just watch the last few seconds and remember, this is the guy
• 7:38
  who just bought a third thirty 1/3 of a billion worth of gold
• 7:45
  here in the last few seconds in. Both cases breaking the link to
• 7:50
  gold when he. Says in both cases he means 1971
• 7:54
  and 1933. Now I'll shut up, I promise.
• 7:58
  There we go. In both cases, breaking the link
• 8:02
  to gold allowed the US to continue spending more than it
• 8:06
  earned simply by printing more paper dollars.
• 8:10
  Since there was an increase in the number of dollars, without
• 8:13
  an increase in the country's wealth, the value of each dollar
• 8:17
  fell. There you go.
• 8:19
  That's what happens, right? We do the hokey pokey, and we
• 8:23
  turn ourselves around, and that's what it's all about.
• 8:27
  There's Jerome Powell needed to make his daily visit.
• 8:30
  Yeah, look, remember, right, That's what happens.
• 8:33
  So Ray Dalio buys 1/3, 1/3 of a billion dollars worth of gold.
• 8:41
  The smartest guy in the room. What is that telling us?
• 8:45
  All right. And makes it very clear, right?
• 8:47
  I mean, it's real clear, you know, like when the dollar was
• 8:50
  backed by gold, they couldn't print it.
• 8:52
  Both cases when they print it, the dollar goes down in value
• 8:57
  and gold and silver skyrocketed value.
• 8:59
  Not that we need to even talk about it cuz you know, we've
• 9:03
  been down here banging the table for years about stagflation and
• 9:08
  we are now moving and into a period very similar to the
• 9:11
  1970s, very similar to 1971, a stagnant economy with inflation
• 9:16
  later on. I'm going to show you JP Morgan
• 9:18
  Chase CEO Jamie Dimon. He's retiring.
• 9:22
  Get the head, get the new guy to poke fun at.
• 9:24
  But Jamie Dimon is saying that we could very well be in for a
• 9:29
  recession. We'll look at that later.
• 9:31
  What else do we got to we got to get into?
• 9:33
  So the richest guy in the room is buying gold, and that's also
• 9:36
  good for silver. The silver dips.
• 9:39
  I'm sorry, the gold dips are being bought.
• 9:41
  One of my favorite analyst by far, right, points this out.
• 9:46
  And are you seeing this? Because I'm seeing it, but we're
• 9:51
  not seeing anything on the screen right now.
• 9:53
  Hold on here. Let's hope this pulls up.
• 9:55
  Come on computer, what is going on?
• 9:59
  Uh oh, hold on. Welcome to live streaming.
• 10:06
  OK, basically, I'll tell you. It's our friend Rashad up.
• 10:10
  Did it come up? Bear with me.
• 10:12
  What is going on, Paige? Unresponsive.
• 10:15
  Wait. Well, we can sing to each other
• 10:17
  while we're waiting here. We're going to try one more
• 10:20
  time. Why is that?
• 10:23
  What's that? Get out of the video.
• 10:26
  Get out of the video. I am.
• 10:29
  I don't know what's going on. Boy, we got the whole show's
• 10:31
  falling apart here. We.
• 10:33
  No, no, All right. Anyway, guys, Rashad basically
• 10:38
  points out the fact all the dips in gold, all the dips in silver
• 10:43
  are being bought OK, silver. We'll talk quickly about the
• 10:46
  price. We're hanging out around $32 an
• 10:49
  ounce. That's OK.
• 10:51
  When we look at a chart over the last year, six months, we've
• 10:54
  been in kind of this 30 to $35 range.
• 10:57
  Right now we're right in the middle.
• 10:59
  What we're doing right is called consolidation.
• 11:03
  That means any of the, any of the people that, that aren't on
• 11:05
  the boat with us with silver are selling like, oh, I got to get
• 11:09
  out. It's going to go back to 20.
• 11:11
  It's going to go back to 18. Now you know what I, what I
• 11:14
  predicted by April 1st of next year, we'll be at $60.00 silver.
• 11:18
  But the chickens right now, the chickens are selling, they're
• 11:21
  getting out. New people are coming in, buying
• 11:24
  the silver. We're building a base from which
• 11:27
  we will propel higher throughout the end of the year.
• 11:29
  Now, remember, that's just my opinion.
• 11:31
  I'm not a financial advisor. Don't make any financial
• 11:34
  decisions based on and what I say here today.
• 11:36
  But it's what I believe and I do wholeheartedly believe that by
• 11:40
  April 1st of next year we are going to see a much higher
• 11:43
  silver price. But what about silver
• 11:45
  manipulation? Silver got clobbered on what was
• 11:48
  that Wednesday? Look at this.
• 11:52
  Hold on here. I don't know why that's not
• 11:54
  pulling up. That's bugging me anyway.
• 11:58
  OK, You should be, huh? I don't know what's going on.
• 12:06
  Stop sharing. Bear with me here a second,
• 12:09
  guys. We're having some technical
• 12:11
  difficulties. Hold on here we are having some
• 12:15
  technical issues. I'm going to close that out and
• 12:20
  see. OK, You tab sharing this tab.
• 12:26
  OK, I think you're on the right screen.
• 12:28
  Now hold on, everybody, stick with me.
• 12:32
  We're having some technical. We're having some technical
• 12:35
  problems. Either that or I'm having a
• 12:36
  brain problem that happens from time to time.
• 12:39
  But I'm going to try to hold on here.
• 12:45
  Stop screen. OK, I'm going to try to do this
• 12:47
  again and see if we can get this to work.
• 12:52
  Share. OK, that's not working.
• 12:57
  What is going on? Stop sharing.
• 13:01
  OK, let's see if this works and the browser can't access your
• 13:08
  screen, huh. Oh boy, this is crazy.
• 13:12
  Sorry guys. So Wednesday the price of silver
• 13:16
  got clobbered and it was basically this incredible.
• 13:21
  Hold on here, share. All right, let's see if this is
• 13:29
  working. OK, now it's working.
• 13:31
  Sorry about that. We're having some technical
• 13:33
  problems. Let's go over here.
• 13:37
  Go over here and share this tab instead.
• 13:40
  This came from the guy Manico. He is a fellow YouTube content
• 13:45
  creator, great guy who I followed very closely.
• 13:48
  What we're seeing here is what happened on Wednesday when he
• 13:52
  calls it the crime X, what does he mean by that?
• 13:54
  The comex those wonderful people, right?
• 13:57
  This is here's what happened on Wednesday when the Comex opened.
• 14:00
  Look at that boom, one massive, I mean incredible red candle.
• 14:06
  OK, everybody out there screaming like what happened
• 14:09
  that this is insane. This is absolutely crazy.
• 14:12
  Let's look at this data that we got from the dude on Thursday,
• 14:20
  which highlighted what happened on Wednesday, which was the
• 14:24
  silver market traded 255,000,000 paper oz on Wednesday.
• 14:30
  OK, so here we go. Right there you can see
• 14:32
  anything. That's the Wednesday data, guys.
• 14:35
  And again, in one day, we're talking about trading probably
• 14:39
  the equivalent of 1/3 of the entire silver mining output for
• 14:45
  the year, OK, in one day. Also, it's been pointed out that
• 14:50
  during that one day on Wednesday, there was like a one
• 14:54
  hour period where the equivalent in one hour, in one hour, the
• 15:00
  equivalent of almost 60 million ounces of silver were traded,
• 15:05
  which some people are saying was like a record or something like
• 15:08
  that. That's like 7 percent, 8%, darn
• 15:12
  near 10% of the entire world's mining output of silver traded
• 15:17
  in paper, right? Paper make believe fantasy
• 15:21
  silver. So the silver market, the silver
• 15:24
  price, it's hard to argue that it's not being not being
• 15:28
  manipulated. One more piece of data that
• 15:31
  we'll look at here in that regard is from our good friend
• 15:36
  the Shanghai Ghost, right? Let's pull him up and give him
• 15:39
  proper credit by Jajun. He gives us the data from the
• 15:43
  Shanghai Gold Exchange. And when we look at this, right,
• 15:47
  let's look at the silver price right now.
• 15:49
  This is the physical market. You're going to hear me say it
• 15:53
  over and over. The Shanghai Gold Exchange is a
• 15:57
  physical market, different than the COMEX, different than the
• 16:01
  LBMA. And when we pull out our crayons
• 16:04
  and we look here, that's AG on the SGE, the Shanghai Gold
• 16:09
  Exchange, their price for silver is almost $35 per oz.
• 16:15
  It is absolutely ridiculous. So that's the Chinese, and the
• 16:19
  Chinese and the Indians are the ones buying all the silver.
• 16:22
  It's absolutely insane. Now, one final point on silver
• 16:27
  that is getting very interesting.
• 16:29
  This comes from the Silver Academy.
• 16:32
  Paper money began as receipts for gold and silver held in
• 16:35
  vaults. We know all that.
• 16:36
  Silver news first, OK, The Shanghai Gold Exchange that we
• 16:40
  just looked at, silver vaults are down.
• 16:43
  The silver vaults hit the lowest level in 11 months, down 47 tons
• 16:49
  this week. That's significant again, right
• 16:51
  to 800 and 87887 tons or 28.5 million oz.
• 16:58
  And then they compare the amount of silver in the Shanghai Gold
• 17:04
  Exchange Silver Vault to the annual silver mining output.
• 17:09
  And it's absolutely crazy. Right now.
• 17:12
  It's 12.5 days of mining. So guys, we're going to keep an
• 17:16
  eye on the silver market. It's absolutely crazy what's
• 17:19
  going on there. But right now, I want to say
• 17:21
  thank you to the sponsor of my gold and silver content, First
• 17:25
  Mint. OK, we talk a lot about Keith
• 17:28
  Newmeyer. This is part of Keith Newmeyer's
• 17:30
  first Majestic Silver. First Mint is their mint in Las
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  Vegas where they're producing world class silver bullion
• 17:39
  products. I showed you this earlier.
• 17:41
  OK, this is a 5 oz bar that I got from First Mint.
• 17:45
  Isn't that just absolutely stunning?
• 17:48
  This has got to be the coolest thing.
• 17:49
  I'll tell you who also likes this is upstairs.
• 17:52
  Susie, my lovely assistant. Let's check in with her and get
• 17:55
  her opinion on that bar. Hey Susie, what did you think
• 17:59
  about that 5 oz bar that we got from First Met?
• 18:01
  I love it. It's the cutest thing I've ever
• 18:07
  seen. Thank you, sweetheart.
• 18:10
  Yeah, and she's not being paid to say that.
• 18:13
  No, she we were out sitting out. I was showing it to my mom and
• 18:15
  dad last Sunday and I'm like, I was showing it.
• 18:18
  And then Susie got she said, I really like this.
• 18:21
  This is cute, right? So here's a 5 oz bar.
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  They have rounds really beautiful, unique, like I said,
• 18:28
  world class silver products here.
• 18:31
  I'll show you the website real quickly and just so you can get
• 18:34
  an idea of their, some of their other products.
• 18:40
  OK, here we go. OK, there's the Hail to the
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  Chief 1 oz Buffalo round the year of the Snake and I've got
• 18:48
  some of these. I'm going to show these to you
• 18:50
  in the coming days. Beautiful piece in the year of
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  the Dragon as well. They, they have free shipping on
• 18:58
  orders over $199. There's the bars, different
• 19:02
  sizes, right? 10 oz bar and a kilo bar.
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  I've never had a kilo bar. Do you own a kilo bar?
• 19:09
  I need to get a kilo bar. But something very unique about
• 19:14
  First Meant sets them apart. OK, Like I said earlier, they're
• 19:17
  part of First Majestic Silver. First Majestic mines the Silver
• 19:22
  in Mexico, ships it to the meant in Las Vegas and then it goes
• 19:27
  directly to you. Is there something missing in
• 19:31
  that process? Remember we talked about earlier
• 19:33
  work. A lot of us aren't very fond of
• 19:35
  the Comex and the LBMA, how they manipulate the paper markets.
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  right? They got great selection, world
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• 20:00
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• 20:06
  VIPRB, check them out. Thank you.
• 20:08
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• 20:10
  We do appreciate it. OK, guys, yo, I forgot.
• 20:14
  I'm forgetting to talk about a lot of these things.
• 20:17
  I heard somebody talking about the several people the other
• 20:20
  day. We can't forget that right now
• 20:23
  when it comes to silver, and we love gold.
• 20:25
  We love gold. We're going to talk about
• 20:27
  artificial gold. Lab created gold.
• 20:30
  Is that going to crash the gold market?
• 20:32
  Should we all sell gold? Heck, they're probably going to
• 20:35
  do silver next. We're going to get to that.
• 20:37
  But right now guys, the the gold to silver ratio is at 100 to one
• 20:43
  Yes, you would have to take twenty of these 20 5 oz bars and
• 20:50
  trade them in silver bars to get one ounce of gold.
• 20:54
  I personally don't think that's a good deal, but I'm not giving
• 20:57
  financial advice. I'd buy the silver if it were
• 21:00
  me. But there are people, you know,
• 21:03
  it's not out of the question that we could see a 15 to 1 gold
• 21:09
  to silver ratio. It's gotten that way during
• 21:12
  times of crisis in the past. Look, we looked at the debt
• 21:15
  clock earlier, OK? We know we're going to hear what
• 21:18
  Jamie Dimon says about the potential for a recession.
• 21:21
  And we know that it's inevitable 'cause it's just the way things
• 21:25
  work, that crisis happens. We do get crisis.
• 21:28
  So to think that we can't get to a 15 to 1 gold to over ratio is
• 21:33
  not out of the question. You can throw eggs at me.
• 21:35
  I don't care, right? I can say what I like.
• 21:38
  It's a free country. It's my basement.
• 21:40
  I believe in silver. I believe in gold too.
• 21:43
  Hey, I'd like to see, you know, like a $15,000 gold price with a
• 21:48
  15 to 1 gold to silver ratio. And if my mathematics are
• 21:52
  correct, that would mean $1000 silver.
• 21:54
  And I said earlier in the week, I don't rule out that in the
• 21:57
  next decade that we will not see $1000 silver.
• 22:02
  And I've said publicly that by April 1st, April Fool's Day
• 22:06
  2026, that I absolutely believe that we can see a silver price
• 22:13
  of $60.00 per oz or more. What do you think?
• 22:17
  I, I think that that's, that's my prediction.
• 22:20
  If I'm wrong, you know what? You guys come up with a
• 22:23
  punishment for me. I'm already getting punished
• 22:27
  enough by upstairs Susie. And by the way, just so you
• 22:29
  know, this is Susie, upstairs Susie, as we like to call her.
• 22:34
  She's the real boss. She's my lovely assistant.
• 22:37
  This is not possible without her, but it's also not possible
• 22:41
  without you, the basement dwellers, right?
• 22:44
  And all the people that are out there, and I'm telling you,
• 22:46
  people in the crypto world are interested in gold and silver.
• 22:50
  We know the basement dwellers love the gold and silver.
• 22:52
  So I just want to say thank you for being here.
• 22:55
  Thanks for supporting us. It's a big deal.
• 22:58
  I come down here and just speak my truth, what I believe about
• 23:02
  silver and gold. I'm not saying that I have a
• 23:04
  crystal ball, right? Listen to me.
• 23:06
  There's a lot of other great content creators out there in
• 23:10
  the silver and gold sector. Listen to them and then make up
• 23:14
  your mind for yourself. For me, I think it feels good to
• 23:17
  own some physical silver, right? I don't keep it here at the
• 23:19
  house, but I love silver and I love gold mining stocks, as most
• 23:24
  of you know. Anyway, I got off track.
• 23:26
  If we get this crisis, what's Jamie Dimon telling us?
• 23:29
  Let's just take a quick look at what Mr. Jamie Dimon is telling
• 23:33
  us about what to expect in the economy, OK?
• 23:37
  And I'm going to give you the little kicker after this, the
• 23:40
  thing that maybe we don't think of but is very true about what
• 23:44
  Jamie's saying he says, he says the recession is still on the
• 23:48
  table for the United States. Specifically, Jamie said that he
• 23:53
  would defer to his banks economist who put recession odds
• 23:56
  at close to a toss up. So 5050, he was saying this
• 24:03
  Thursday that a recession is still serious possibility for
• 24:06
  the US even after the recent rollback of tariffs with China.
• 24:10
  So we've been after, he says if there is a recession, I don't
• 24:14
  know how big it will be or how long it will last.
• 24:16
  Hopefully we'll avoid it, but I wouldn't take it off the table
• 24:19
  at this point, the JP Morgan Chase CEO said in an interview
• 24:23
  with Bloomberg Television. OK, so here's the thing.
• 24:29
  We need to remember these guys on Wall Street.
• 24:32
  This guy, huh? Mr. Toilet Paper dollar printer.
• 24:37
  And we love him. We love.
• 24:38
  We love you, Jerome. I've always been fond of Jerome.
• 24:43
  Don't like what he does, but I don't know something about him.
• 24:47
  I got a warm spot for him. Those guys are paid.
• 24:51
  Those guys are paid to put out the most optimistic projections.
• 24:56
  OK, that, that, that they can put out.
• 24:59
  Remember, not your own Powell, but the other guy, not Ben
• 25:04
  Burnett, Ben Bernanke before the great financial crisis.
• 25:08
  Think about this. Right before the great financial
• 25:11
  crisis, he was in Congress telling him everything's great,
• 25:15
  the banking sector's healthy, everything's wonderful, don't
• 25:18
  worry about anything, we're doing great.
• 25:20
  And then boom, like 3 months later, the world fell apart,
• 25:23
  right? The whole world financial system
• 25:25
  was in tatters. OK, so when Jamie Dimon, who's
• 25:29
  retiring anyway, is saying, well, there's about a 5050
• 25:33
  chance that we could have a recession, the R word, you
• 25:36
  better, you better put that through the filter.
• 25:39
  You know the the old filter in your head and realize he is
• 25:43
  being paid big money to be an optimist, right?
• 25:48
  Jerome Powell is telling us that there's a lot of uncertainty.
• 25:54
  If he's saying there's uncertainty, right, that means
• 25:59
  there's a lot of uncertainty out there.
• 26:01
  OK. Are they making lab created
• 26:04
  artificial gold alchemy big story this week created a lot of
• 26:09
  fur or people are like comparing, right?
• 26:12
  This idea that supposedly this lab created artificial gold in a
• 26:17
  lab environment that it could result in a crash in the gold
• 26:20
  price, not dissimilar to what we saw with diamonds because they
• 26:25
  found out a figured out a way to make diamonds in laboratories.
• 26:28
  And then everybody was showing all these charts of the diamond
• 26:31
  prices crashing in the next few years.
• 26:34
  And they were saying that could this happen for gold, right?
• 26:37
  Well, let's dig in. Let's do a little mining and see
• 26:41
  if we should be worried or not worried.
• 26:44
  We're going to clear this up for you.
• 26:49
  Oh, boy. Now this isn't working.
• 26:51
  What the heck is going on here? Hold on, hold on.
• 26:55
  Let's go back here. You're going to watch me as I
• 26:59
  struggle to pull this up, but I'm going to find it.
• 27:04
  Lab created gold. Lab created gold.
• 27:08
  Here we go. See if this works.
• 27:10
  All right, hold on here. Hold on one second and come on
• 27:24
  here. Wait a minute.
• 27:25
  I got a better way to do it. Hold on.
• 27:29
  There we go. And I think you're seeing it.
• 27:34
  No, you're not. Now you are.
• 27:36
  Here we go, guys. Sorry about that.
• 27:38
  I don't know if the computer's acting weird today.
• 27:40
  It says this from ABC News. All right, scientist at the
• 27:46
  CERNS lab, CRNI. Don't know what that is, but
• 27:49
  I've heard of it. A Large Hadron Collider has
• 27:54
  successfully transformed lead into gold atoms, achieving an
• 27:59
  ancient alchemist dream through modern physics.
• 28:02
  OK, so should we be concerned about this?
• 28:07
  We asked our friend Grok, right, which is the new Twitter XAI.
• 28:13
  OK, he says, let's cut through the noise on this one.
• 28:17
  The claim about the CERN turning lead into gold sounds like a
• 28:20
  sci-fi headline, but there. And there's some truth to it,
• 28:24
  though not in the way it's being spun.
• 28:27
  OK, scientist at Cern's Large Hadron Collider have indeed
• 28:31
  managed to transform lead into gold, but it's not like they're
• 28:34
  spinning straw into gold for the market.
• 28:37
  This is a high energy physics experiment where they smashed
• 28:41
  lead ions in at near light speeds, and in those collisions
• 28:45
  they can briefly detect gold atoms forming.
• 28:49
  We're talking for a fraction of a second, hardly enough to flood
• 28:53
  the market or tank gold prices. The idea that this makes gold
• 28:58
  quote no longer scarce is a is a stretch.
• 29:01
  The process is insanely expensive, energy intensive, and
• 29:05
  produces tiny amounts of gold. Nowhere near what you need to to
• 29:09
  disrupt the global gold supply. This is more of a cool physics
• 29:13
  trick than a gold rush. Are you feeling a relief?
• 29:21
  Are you feeling a sense of relief?
• 29:23
  Because there were people, I kind of freaked out, like big
• 29:26
  high level people were putting out tweets on X saying the gold
• 29:30
  markets doom. They created artificial gold.
• 29:32
  One of the reality is it's very expensive, it's very temporary
• 29:36
  and right now we don't have anything to worry about.
• 29:39
  It's kind of like those people that say, oh, there's asteroids
• 29:42
  out there that are full of gold and all we're going to have to
• 29:45
  do is send up a spaceship and get the ass and get the all the
• 29:48
  gold out of the asteroid. Well, I don't see that happening
• 29:52
  anytime in the very near future anyway.
• 29:55
  So guys, we got big crisis when it comes to silver, when it
• 29:57
  comes to gold, just in case you were wondering, and I'm
• 30:01
  wondering how you're feeling about it.
• 30:02
  But I know that we are in good, good shape.
• 30:06
  OK. I do think me and Susie and I
• 30:09
  were talking the other day because we talk a lot about gold
• 30:11
  and silver. And I was like, you know, I
• 30:13
  think the summer, we could be in a bit of the summer doldrums for
• 30:17
  both the gold and silver price. I'll tell you, I'm cool.
• 30:20
  I'm cool as a cucumber. I'm wondering how you're feeling
• 30:24
  about this. But if the gold price just stays
• 30:26
  above 3000 throughout the summer months and heads into August and
• 30:31
  September at 3031 hundred, I think we could be in for a big
• 30:36
  push higher through the end of the year.
• 30:39
  I'd be surprised and quite frankly a little depressed if
• 30:42
  the gold price dips below 3029 hundred as we make it through
• 30:46
  through the summer. Silver, I'm just expecting to
• 30:50
  stay above $30 per oz through the summer.
• 30:53
  But I'm very optimistic that we maintain this 32 range for now,
• 30:58
  continue to build a really strong base in the silver market
• 31:02
  that's going to allow us as we move into the end of the year,
• 31:06
  right? Because all these problems,
• 31:08
  these crisis that we have, the Moody's downgrade, just a
• 31:11
  symptom of the underlying sickness that we have in the US
• 31:15
  fiscal situation right now, right?
• 31:17
  It's going to be we're, we're going to be silver on many, many
• 31:22
  levels, right? Many different factors.
• 31:25
  I could sit down here, we could talk about this for the next
• 31:27
  number of hours. But you know, guys, think about
• 31:30
  this. We're in what our fifth year of
• 31:33
  a silver deficit, OK. We are consuming a lot more
• 31:38
  silver every year than we are producing.
• 31:42
  Where does that silver come from?
• 31:44
  That extra demand that the world requires above what the mining
• 31:48
  companies and recycling companies can provide.
• 31:51
  It comes out of the above ground silver supplies in that is
• 31:55
  dwindling. So we'll we'll hang in there.
• 31:58
  Let's see how this all plays out.
• 31:59
  OK, I appreciate you guys being here.
• 32:02
  Thank you. Thanks for being part of the Say
• 32:05
  hi to a few people. OK.
• 32:08
  All right, Well, the boss here, everybody, everybody do me a
• 32:11
  favor in the comments. Say hi to Susie.
• 32:14
  Susie, you say hi and they're all going to say hi to you.
• 32:17
  All right. Thank you, Susie.
• 32:26
  OK, I'll. Hello, Echo Leaf.
• 32:30
  Hello, account 3. Hello, Davy Jones.
• 32:33
  Oh, look at everybody saying hi. Come on.
• 32:35
  Say hi to Susie. The Bunny house.
• 32:37
  Yeah, it's Susie's house indeed. Hey, ya, bub.
• 32:40
  All right, Silver will go up. Cactus Slack says hello to
• 32:43
  Susie. You guys are great.
• 32:47
  OK, hello, Bunny house. All right, who else?
• 32:50
  Who else wants to Echo Leaf and sexy Seahawk 69 Limerick silver?
• 32:57
  Hello Says hi to Susie. Susie says hi.
• 33:00
  Five. Yeah, we we love our upstairs,
• 33:03
  Susie. We love our silver and gold.
• 33:06
  All right, guys, have a great day.
• 33:08
  Thanks for joining me. OK.
• 33:09
  And I will see you soon. Hey, Jay Wilkes says hi.
• 33:14
  Bye. Bye.