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

Transcript

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

• 0:00
  The gold price is approaching all time highs.
• 0:03
  This is big news that nobody's talking about it.
• 0:06
  There's a lot of weird things going on in the market that we
• 0:09
  need to look at and the reasons why gold is again approaching
• 0:14
  all time highs. We need to get that through our
• 0:17
  thick skulls, as my mother used to always tell me.
• 0:20
  Silver. What is going on with silver,
• 0:23
  $44.00 silver by Christmas? Is it still possible?
• 0:27
  But why is silver not following gold back up to these near all
• 0:32
  time high levels? We're going to look at the
• 0:34
  reasons for that as well. Plus plus, the biggest funnest
• 0:39
  news out of China, why China alone could drive these metals
• 0:43
  prices significantly higher. Hey, thank you for being here.
• 0:47
  Thank you for being part of the basement.
• 0:49
  You are the most important part. So thank you.
• 0:52
  Let's go out and take a look at it.
• 0:55
  What Jesse Colombo said yesterday morning that means so
• 0:59
  much for what's going on right now in the precious metals
• 1:03
  markets. Jesse's becoming one of the top
• 1:05
  followed analyst out there and he says COMEX gold futures are
• 1:10
  flirting with the $2700 resistance level.
• 1:15
  A critical juncture. Again, this was yesterday
• 1:17
  morning, guys. Gold did close above $2700
• 1:22
  yesterday. He says if it can close above,
• 1:25
  which it did, then it will set the stage for a run to all time
• 1:31
  highs pretty quickly. All time highs what 2800 for
• 1:36
  gold? Silver will follow if it fails,
• 1:39
  which it didn't however, so the weekly close was above 2700.
• 1:44
  I wouldn't be surprised to see it pull back for a bit.
• 1:47
  Let's look at his chart that he had up yesterday morning.
• 1:51
  Here's that $2700 resistance level.
• 1:55
  Make sure we got you on the right screen, which we do.
• 1:58
  And guys, we closed above it. That was so critical, but
• 2:02
  nobody's talking about it's not, it's not the, the, the lead
• 2:06
  story on Yahoo Finance or on or on the Wall Street Journal.
• 2:10
  And why is that a big deal? And why is that a case?
• 2:13
  And why can we continue to be so optimistic about these precious
• 2:18
  metals prices? Let's go see what Peter Spina,
• 2:22
  another top analyst, had to say. He said it quite simply.
• 2:24
  I thought this was a post yesterday evening.
• 2:29
  What an impressive reversal in gold prices this week.
• 2:34
  I'm, I'll say it one last time, my fellow basement dwellers,
• 2:37
  precious metals. I know silver's lagging.
• 2:40
  I know the precious metal mining stocks.
• 2:41
  Trust me, I've a lot of my portfolios and precious metal
• 2:45
  mining stocks, they are also lagging.
• 2:47
  But gold absolutely put in a stellar performance this week.
• 2:52
  Last week looks like a shake out move.
• 2:55
  That's when the bowl, you know, had shaken off all the weak
• 2:59
  hands. Gold is rallying with the US
• 3:02
  dollar. We're going to dive into that
• 3:04
  because now everybody's talking about what we were talking about
• 3:08
  a week ago. Bigger trends are at play.
• 3:11
  And just take a quick look at his from goldseek.com, his
• 3:15
  chart. But look, gold started the week
• 3:19
  at 25160 dollars. It ended the week at 2711.
• 3:25
  Gold was up almost 100 and $50 last week.
• 3:31
  Let's go in here. What the big, the big the big
• 3:34
  boys? What are the big boys saying
• 3:36
  about gold and silver? Let's check out.
• 3:39
  Well, you know what? Before we do that, let's get an
• 3:41
  update on the gold and silver price from our channel sponsor,
• 3:44
  Pembex Pi MB EX. Look, maybe silver's on sale.
• 3:49
  I'll never tell you what to do, but if you do decide to buy some
• 3:52
  silver or maybe some gold or platinum group metals, Pinbecs
• 3:57
  can offer you a couple great things #1 ultra competitive
• 4:01
  pricing #2A great selection and most importantly, the foundation
• 4:07
  of it all, a company that you can trust.
• 4:09
  Look, do your own due diligence. But what I can tell you is from
• 4:13
  my personal experience, even before they sponsor the channel,
• 4:17
  what I can tell you from the experience of many overwhelming
• 4:22
  positive emails I've received from you, the basement dweller
• 4:25
  community, Pinbecs is taking great care of of us and
• 4:29
  sponsoring the basement and enabling this to go on.
• 4:31
  So please consider pin backs when you are out shopping for
• 4:35
  gold, silver or platinum group metals.
• 4:37
  Look at gold 2710, silver $31.27.
• 4:44
  Now what do you think Ole? Remember Ole Hansen, right?
• 4:48
  Like the big guy, the guru analyst.
• 4:51
  Let's let's see what they're saying.
• 4:55
  This is the great article from Kitco, our good friend Neil's
• 4:58
  Christensen. I feel like Neil's part of the
• 5:01
  basement about once a week or so where he's got some great
• 5:05
  articles and this one really explains it.
• 5:07
  Gold prices in the week with a 5% gain as safe haven demand
• 5:13
  drives price action. The gold market has ended a
• 5:16
  three-week sell off. Yes, we survived guys.
• 5:21
  It was not, I mean you know, post election it was not a fun
• 5:26
  couple weeks, 2-3 weeks, but we survived.
• 5:29
  OK. So it ended the three-week sell
• 5:31
  off with a vengeance as prices look to set look set to close
• 5:35
  Friday above 2700 an ounce, which they did not.
• 5:39
  Not only is gold surpassed last week's losses, but the precious
• 5:43
  metal is also experiencing its best rally since October of
• 5:48
  2023. It's best rally in a year.
• 5:52
  This should be the front, you know, on the front page of the
• 5:55
  Wall Street Journal. Of course, it's not.
• 5:58
  While gold has significantly rebounded since Trump became
• 6:01
  president-elect, some analysts suggest that these games could
• 6:05
  be more fragile than they appear.
• 6:07
  OK, guys, here's the bad news, All right, This is what they're
• 6:10
  saying. Oh no, don't get too excited
• 6:12
  there, precious metals investors, because the price
• 6:16
  action has been driven primarily by renewed safe haven demand
• 6:19
  following an escalation in the war in Ukraine. the United
• 6:23
  States recently gave Ukraine permission to fire US made long
• 6:26
  range missiles into Russia, adding a new dimension to the
• 6:29
  conflict here in gold. And yellow gold is very quickly
• 6:34
  recovered despite continued headwinds from a stronger
• 6:38
  dollar. And it's it's relative
• 6:41
  performance to silver underscores why this rally has
• 6:45
  been a safe haven rally, leading to fresh momentum buying from
• 6:49
  investors who've been waiting for a pullback.
• 6:52
  That's from Ole Hansen had a commodity strategy at Saxo Bank.
• 6:57
  So what he's basically saying is the fact that gold has rallied
• 7:01
  so much. I mean, this is an epic rally.
• 7:03
  But guys, us, those of us, we're going to look at silver, of
• 7:06
  course, here in a minute, but silver was as high as $35 three
• 7:11
  weeks ago and we're still fighting for $31.00.
• 7:14
  Whereas gold is flirting with new all time highs.
• 7:18
  We could get a new all time high in gold here in the coming weeks
• 7:22
  before the end of the year. And he's saying the reason why
• 7:24
  that's the case is because a lot of the price action in gold is,
• 7:30
  is because of safe haven, right? Uncertainty of the war
• 7:33
  situation. However, Hansen also noted that
• 7:36
  while gold's geopolitical safe haven gains might not be
• 7:40
  sustainable, there remains a significant Polish conviction in
• 7:43
  the market. He highlighted that most of the
• 7:46
  selling pressure in the last three weeks had come from
• 7:49
  speculators taking profits. So that's what pushed down the
• 7:54
  gold price and the silver price over the last three weeks.
• 7:56
  It was the speculators, right? The people that were betting
• 7:59
  that, oh, you know, the United States was going to was going to
• 8:02
  blow up after the election, There was going to be, you know,
• 8:06
  social turmoil. All of that turned out to be a
• 8:08
  nothing burger. I had a lot of the basement
• 8:11
  dweller community, not a lot, but several people, they had me
• 8:14
  scared that I was getting emails from you guys and you better be
• 8:17
  safe and keep your kids home from school after the election
• 8:20
  and it's going to be crazy. And really it turned out to be a
• 8:23
  complete nothing burger. Of course, I appreciated all
• 8:25
  those concerned emails and everything else, but what we had
• 8:30
  was basically a nothing burger. He added that there is little
• 8:34
  evidence of active shorting in the market right now All right,
• 8:38
  let's listen to what Lukman Otunga has to say He's the
• 8:41
  manager of market analysis at FXTM believes that gold has room
• 8:47
  to move higher in the current environment.
• 8:49
  He said, quote, gold is trading less than 4% away from its all
• 8:54
  time high and could retest those levels if political attention
• 8:58
  spark a wave of risk aversion. Additionally, the incoming USPCE
• 9:04
  report, that's the inflation producer costs, I don't know,
• 9:09
  it's a whatever. And other U.S. data in the week
• 9:12
  ahead may influence the precious metals outlook.
• 9:15
  If soft U.S. data supports the case for December Fed rate cut,
• 9:19
  gold bulls could gain fresh momentum again.
• 9:22
  He said, OK, we're going to go out here.
• 9:24
  Let's go out real quickly and see what he's talking about.
• 9:28
  Let me see you first. Make sure you guys are with me.
• 9:31
  Are we still here? Hey, it's Saturday morning.
• 9:34
  Thank you guys for being here. We got big updates on the gold
• 9:37
  and silver market. I'll say it one last time.
• 9:40
  We had a great week in gold. Yes, I know silver.
• 9:43
  Yes, I know the precious metal mining stocks didn't quite
• 9:46
  perform as well for us, but if we get gold to an all time high
• 9:53
  here in the coming weeks and it's we are a stone's throw away
• 9:57
  from that happening, we could be in for some great times, not
• 10:00
  just for gold, but for the gold miners, silver miners and the
• 10:04
  silver price. Now let's go, let's go take a
• 10:06
  look at what they're talking about with interest rates.
• 10:09
  We need to do a quick update. We're going to go to the CME
• 10:12
  Group bedwatch tool. And what they're talking about
• 10:16
  is will the Fed cut rates? Will the Fed leave rates the way
• 10:19
  they are at the next FOMC meeting?
• 10:23
  And uh oh, redirected you too many times.
• 10:28
  We got a frowny face. There we go.
• 10:32
  All right, guys, so this is the rate probabilities for December
• 10:37
  18th, you can see right here. Sure, we got you.
• 10:43
  And what it's telling us is right now, it's almost 5050.
• 10:47
  Here's the current rate, 4.5 to 4.75, OK.
• 10:52
  There's a 50% chance that the rate will remain the same, 48%
• 10:55
  chance and a 52% chance that the Fed will cut rates.
• 10:59
  As silver and gold investors, the reason why we want to watch
• 11:03
  this is because if this goes and it's all a bunch of BS, Jerome #
• 11:07
  the Fed is it's, you know, Wizard of Oz, magic,
• 11:11
  fantasyland, whatever you want to call fantasy, the island
• 11:14
  deplane, deplane. But nonetheless, if this number
• 11:18
  goes up, right, the odds of a rate cut to see that would be
• 11:22
  the 4.25 to 4.5 that will be good for the gold and silver
• 11:28
  price. All right, let's wrap up this.
• 11:30
  Jesse Colombo, who we follow closely a feature here on Kitco,
• 11:34
  an independent precious metals analyst and founder of the
• 11:37
  Bubble Bubble Report, noted that gold remains on track to hit new
• 11:42
  all time highs against the US dollar and other major global
• 11:48
  currencies when viewed alongside its euro performance.
• 11:53
  He's big into following the price of gold and the price of
• 11:55
  silver and euros. While some are optimistic that
• 11:59
  the US economy could avoid a recession under president-elect
• 12:02
  Donald Trump's America First agenda, Colombo remains
• 12:05
  skeptical. Wasn't there a show called
• 12:07
  Colombo was a little bit before my Time?
• 12:09
  Like he was a investigator or something?
• 12:13
  There's Neil's. Thanks again, Neil's, for this
• 12:15
  great article. So many people think that
• 12:17
  Trump's win means this is a quote from Colombo.
• 12:21
  So many people think that Trump's win means we're saved
• 12:24
  and that he's going to Rev up the economy and start paying
• 12:27
  down the national debt. But the reality is that he's not
• 12:31
  a sound money president, Right, guys?
• 12:34
  Donald Trump has zero history of being a sound money kind of guy
• 12:39
  of what he has a history of is spending, racking up debt and
• 12:44
  unfortunately a couple bankruptcies is under his belt
• 12:47
  as well. Not a political statement but
• 12:49
  this thought that suddenly the debts going to get paid off and
• 12:53
  you know the deficit. No, Trump wants a weak dollar
• 12:56
  and Trump wants inflation period.
• 13:00
  Colombo, OK. His MO is to put pressure on the
• 13:03
  Fed to hold interest rates at ultra low levels to juice asset
• 13:07
  prices because he owns real estate.
• 13:10
  Think about it, real estate and gold and silver are in the same
• 13:14
  bucket. They're real tangible assets.
• 13:17
  They're they're very similar, more similar than they are
• 13:20
  different than from a from an investing perspective.
• 13:23
  So to think that Trump is going to do anything to hurt the value
• 13:26
  of real assets, I believe is inaccurate, right?
• 13:31
  Well, I'm telling you all right, his MO's about pressure on the
• 13:34
  Fed to hold interest rates at ultra low levels, to juice asset
• 13:38
  prices and create a boom on his watch, as as well as ramp up
• 13:42
  spending to make the economy appear to be booming.
• 13:47
  And that's what is going to happen, guys.
• 13:49
  That's the bottom line. Trump is going to juice it,
• 13:52
  right? Trump's going to press the turbo
• 13:54
  button and it'll look good for a little while.
• 13:57
  It will, no doubt about it. And maybe it'll work.
• 13:59
  Maybe I'm dead wrong, but I know that at the end of the day,
• 14:03
  right, the net of it all, when everything gets tallied up, it's
• 14:07
  going to mean the dollar is going to go down in value, in
• 14:10
  real value in the value of your silver and gold are going to go
• 14:14
  up. Everybody's suspicious though.
• 14:18
  Peter Spina, let's look at this. This is a great.
• 14:21
  This is some tart candy for us to look at.
• 14:25
  Hold on here. Here we go.
• 14:28
  This is from our friend Rashad. The monthly chart of gold is
• 14:32
  telling us a lot recovered almost entirely monthly decline
• 14:36
  and there's one more week to go. Now I'm going to I'm going to
• 14:39
  review with you guys and correct me if I'm wrong on this.
• 14:42
  This is a monthly chart. So each of these these are
• 14:44
  called candlesticks that you're looking at.
• 14:47
  You see a lot of green Candlestick.
• 14:49
  This is a Candlestick chart. Each Candlestick is one month.
• 14:53
  So this one is the current month.
• 14:55
  So these look at all these months in a row that gold went
• 14:58
  up. Here's how you read a
• 14:59
  Candlestick chart and I believe there is a Ridge originated from
• 15:02
  Japan. But anyway, when it's a green
• 15:05
  Candlestick that meant for the month, for that month.
• 15:08
  Well, here we'll look at let's see, this is November, October.
• 15:13
  This would be September right here.
• 15:15
  It was a green Candlestick for that month.
• 15:17
  That means that the price closed the solid part.
• 15:21
  If it's green, the price closed at the top of the big solid part
• 15:26
  OK, it opened at the bottom of the big solid part.
• 15:30
  So it opened the month or the low.
• 15:32
  I'm sorry, the low of the month. No, it well, well, no, it opened
• 15:36
  the month. I apologize at the bottom of the
• 15:38
  solid part, OK, it got as low as down there.
• 15:42
  That's the Wick. OK, it got as high is up there.
• 15:45
  That top that's called a Wick looks like a Wick on a candle,
• 15:49
  but it closed there. OK, So it opened there the month
• 15:54
  and closed there the month and got as high as that and as low
• 15:57
  as that on our current month, right?
• 15:59
  When it's a red Candlestick, that means OP the opposite.
• 16:04
  It opened right up there at the top of the solid part.
• 16:07
  OK. And currently we haven't closed
• 16:09
  yet, but that's why that blue line is at the current price,
• 16:12
  $2716. That's where we are.
• 16:15
  If we can get up a little bit higher, it'll be another green
• 16:19
  Candlestick. But look at that chart.
• 16:21
  I mean, that is gold. That is that is I can't I I
• 16:25
  candy candle chart for gold and silver investors, right?
• 16:30
  Silver will follow right. The reason why we know that is
• 16:34
  because we have 5000 years of history period.
• 16:38
  OK, period. Thank you Ole.
• 16:41
  Thank you our friends at Kitco and Neils for that great article
• 16:47
  by the way, always love to read his stuff does a great job.
• 16:50
  OK, Lobo Tigray, another another one of the the gurus of the gold
• 16:54
  and silver market. Let's see what he has to say
• 16:57
  here. Lobo says quite something to see
• 17:02
  and if you've ever listened to this guy and trust me, this is
• 17:05
  the the smart people listen to Lobo Tigray quite something to
• 17:10
  see. Gold back over $2700 and the
• 17:14
  dollar index around one O 7.5. That's usually a flight to
• 17:20
  safety, right When the dollar is gone through this massive rally,
• 17:25
  OK, bonds are up which means yields are down and that fits
• 17:29
  that right. We've got this big flight to
• 17:31
  safety, but stocks are up and Bitcoin is a almost $100,000.
• 17:39
  None of this makes sense right? We are in a very strange
• 17:43
  environment that I think the net result of based on my experience
• 17:47
  will be that we will get higher I'm going to I'll call it.
• 17:49
  I still think that we can get the $3000 ish gold by Christmas.
• 17:56
  I know it's a it's an outlandish, outlandish
• 18:00
  prediction. However it is.
• 18:02
  I've been right on these several times.
• 18:04
  So don't make any financial decisions based on what I'm
• 18:06
  saying. Let's let's get out of this.
• 18:10
  Let's see where OK, so look at this.
• 18:13
  The dollar at 107.5 guys, this is this is pure demonstration
• 18:21
  for us. Look at that again, we rallied.
• 18:24
  That's when the Fed cut rates, OK, So the dollar should have
• 18:27
  gone down from there, but we've rallied from the DXY being at
• 18:30
  100 all the way to one O 7 1/2. I mean, it is really, really
• 18:37
  something to to look at and critically important for us to
• 18:43
  remember, right. The $31.00 silver, $2700 gold
• 18:49
  has been accomplished in the face of a big headwind.
• 18:54
  Look, there's a major reason why that that we need to internalize
• 18:59
  and understand what I just said. We'll do it one more time.
• 19:05
  The dollar, the DXY index has has gone through an an upward
• 19:10
  movement that's really quite epic.
• 19:13
  OK. And that should have that should
• 19:16
  have had a negative impact on the price of gold, a major
• 19:20
  negative impact. If you told a Wall Street trader
• 19:23
  six weeks ago that the dollar was going to go up 8 percent, 7%
• 19:27
  in value in the coming 6-7 weeks, they would have bet the
• 19:31
  farm on the fact that gold would be trading around 24126 hundred
• 19:35
  silver, $26 an ounce. But it's not OK.
• 19:39
  So what we have, this is this is where it gets exciting for us.
• 19:44
  We have these high metal prices that have been achieved while
• 19:48
  fighting against a major headwind, right?
• 19:52
  Like they were studying for their final exams and the power
• 19:54
  went out. However you want to think about
• 19:56
  it, that the gold and silver went out for a a AA1 mile jog.
• 20:01
  In the whole time they were running, there was a 25 mile an
• 20:04
  hour wind blowing in their face and they have done very, very
• 20:08
  well. We have so much uncertainty,
• 20:11
  right? So much uncertainty.
• 20:13
  What is? And guys, we, you got to pat
• 20:15
  yourself on the back because we talked about this several weeks
• 20:18
  ago, right? We talked about this in the
• 20:20
  depths of despair when the gold price and silver price, we're
• 20:24
  getting absolutely clobbered, right?
• 20:27
  We talked about the fact that there was a Trump honeymoon,
• 20:31
  right? There was a honeymoon after
• 20:33
  Trump had this decisive victory. Everybody thought, oh,
• 20:36
  everything's going to get better.
• 20:37
  And you know, bitcoins going to the moon and gold and silver,
• 20:40
  we're just going into the trash. We called it a honeymoon, right?
• 20:44
  Because all the uncertainty, all the fear, remember, there was a
• 20:47
  lot of fear built up going into the election, massive amounts of
• 20:52
  fear. So people piled into gold, piled
• 20:55
  into silver did well also, right, $35 silver.
• 20:59
  When all that uncertainty, when the election was a decisive
• 21:02
  victory by Donald Trump, it, it removed a lot of that
• 21:08
  uncertainty temporarily. But guess what?
• 21:11
  All the uncertainty now is coming back.
• 21:13
  We have a whole new set of uncertainty.
• 21:15
  People are waking up, people are realizing, right?
• 21:18
  A lot of these promises that were made are going to be
• 21:22
  difficult to implement in practice.
• 21:24
  So just hang in there because I'm telling you the next year,
• 21:29
  the next year will provide you as a gold and silver investor, I
• 21:34
  believe with some very, very fulfilling times and hopefully
• 21:39
  fulfilling to our value to our pocketbooks at the same at the
• 21:44
  same time. Hey, I've got a special sponsor
• 21:46
  for today's live stream. I want to talk to you about a
• 21:48
  company called Silver 47. Just a few minutes.
• 21:53
  I'm excited about the prospects. This is a newly listed company
• 21:57
  on the TSX Venture Exchange. The stock symbol is Aga.
• 22:02
  Hey, look, we know guys, you know the silver price is strong
• 22:05
  right now. The fundamentals behind silver
• 22:08
  are like never ever before. The supply and demand
• 22:13
  fundamentals and what's that? What that is leading to is a
• 22:17
  future where we're gonna have silver deficits growing and
• 22:20
  growing. But at the same time, we also
• 22:23
  know not only is there a lack of physical silver above the ground
• 22:27
  right now, but there's also a lack of new discoveries of
• 22:31
  silver, a lack of projects that are being developed and explored
• 22:36
  to help satisfy what's going to be this crazy future demand for
• 22:40
  silver. This company is called Silver
• 22:42
  47. They're traded right now only on
• 22:44
  the TSX Venture Exchange, although they will be coming to
• 22:48
  the US markets probably within the next month or so.
• 22:52
  It's a company that I'm very excited about.
• 22:54
  One thing that they do have is 1A, a silver resource of 170
• 23:00
  million silver equivalent Oz silver in the ground.
• 23:05
  It's a NI 43 one O 1 resource. But what's more impressive about
• 23:11
  it is that it's in the United States, it's in Alaska, it's the
• 23:15
  Red Mountain project. Now, look, there's some big
• 23:19
  names behind this company as well.
• 23:21
  You may have heard of Eric Spratt.
• 23:23
  He's involved in this company, Crescott Capital.
• 23:26
  They're involved in the company. But I think what's even more
• 23:28
  impressive to me is that the CEO, Gary Thompson owns almost
• 23:33
  20% of the stock. So he is aligned with
• 23:36
  shareholders and very excited about what they can do with this
• 23:40
  project. I mean, not only do they have
• 23:41
  this 170 million oz silver equivalent oz at their Red
• 23:47
  Mountain project, but they've got a lot of exploration
• 23:51
  potential up there as well. I'd really encourage you to
• 23:55
  check out the company and go to their website.
• 23:57
  Here you can see silver47.ca. They've had a couple good news
• 24:03
  releases come out lately, some new drill results.
• 24:05
  You can read about the company. Look, we love silver and for me,
• 24:10
  the next best thing the holding physical silver in my hand,
• 24:14
  right, is owning stock. And I own stocks in a lot of
• 24:17
  these silver mining companies. Silver 47 just started trading.
• 24:21
  I don't own it yet and I'm not giving financial advice to you
• 24:24
  guys. You know, mining stocks can be
• 24:26
  risky, right? But the way I look at it, when I
• 24:29
  own these precious metal mining stocks, explorers, developers
• 24:33
  that have ounces in the ground already, it's like the next best
• 24:37
  thing to this, you know, holding the physical metal.
• 24:41
  So I want to say thank you to Silver 47 and you know why
• 24:44
  they're called 47 because that's the number on the what is it the
• 24:48
  atomic table, the element table. That's why they had why they
• 24:52
  have the name silver 47. Check them out read about them
• 24:55
  again. It's silver in the ground in
• 24:57
  Alaska. Oh, the other thing that I find
• 24:59
  very interesting about this and a lot of these junior the
• 25:03
  exploration stage companies is if you value that 170 million
• 25:09
  silver equivalent oz compared to the market cap of the company,
• 25:13
  it works out to about $0.25 per ounce of silver in the ground.
• 25:18
  Thanks again, Silver 47 and I'll have a interview with their CEO,
• 25:23
  Gary Thompson coming out later today.
• 25:25
  You can hear it directly from him.
• 25:27
  He'll do a much better job than I will of telling you about the
• 25:30
  company. All right, guys, let's move on.
• 25:32
  We got a lot more to talk about. Oh, this as we're talking about
• 25:36
  silver, this is, this is shocking.
• 25:40
  This is this is absolutely crazy.
• 25:43
  This is startling. This is rattling.
• 25:45
  This is dumbfounding. This is, I'm flabbergasted to
• 25:48
  have to share this with you, but it's the reality of the crazy
• 25:52
  fantasy world. This has everything to do with
• 25:54
  silver, OK? And this is a big reason why you
• 25:58
  can feel good about owning physical silver if you're like
• 26:02
  me, right? We love the stuff and that is
• 26:05
  this. Wait till you get a load of this
• 26:06
  one. Hold on.
• 26:09
  Nope, Here it is. And yes, from our friend the
• 26:15
  Dude. We love the dude.
• 26:16
  What? They have him on here.
• 26:18
  Got sit down, take a deep breath.
• 26:20
  Dogecoin, Doji, Doji coin that that's a crypto that was made-up
• 26:25
  as a joke and then Elon Musk tweeted about it.
• 26:29
  This was a few years ago. It was a the guy that made it
• 26:32
  made it as a joke. OK, Now Doji coin has a market
• 26:36
  cap of $68 billion that is worth 2 billion ounces of silver.
• 26:44
  That is approximately the amount of silver in the world right now
• 26:48
  above ground. There's different estimates on
• 26:50
  that. The point here guys, what do you
• 26:53
  think's more important, silver or Doji coin?
• 26:55
  OK, I just wrote up quite a a similar post about Bitcoin
• 27:00
  versus silver, but Doji coins are even more hopeless.
• 27:04
  I mean, this was a joke crypto think about this and this is
• 27:11
  just the red. This was a crypto that was
• 27:12
  made-up as a joke and now it's valued right?
• 27:16
  Is it a market cap that is equal to 2 billion ounces of silver?
• 27:23
  When the world, when the world wakes up and it will happen, all
• 27:28
  right, trust me, the silver price and the gold price will do
• 27:33
  a full accounting for this craziness that we have unfolding
• 27:38
  around us. And then I mean, look at this.
• 27:40
  Let's go. Since we're talking about the
• 27:42
  dude, we like to check on this on a regular basis.
• 27:46
  He also shares with us paper, paper silver.
• 27:49
  Paper, paper silver. Well, let's go out here first.
• 27:52
  Hold on, let's we're on a big field trip today.
• 27:54
  We got to check the stats guys. Hey, I'm 700 people.
• 27:57
  Thank you. We're going to do our daily
• 27:59
  checkup of the paper. I'm sorry, the dollar, paper,
• 28:04
  dollar to silver ratio. You can see my big yellow pointy
• 28:08
  finger there. Oh, what do you know, it's
• 28:10
  almost at $1020.00 of paper into money supply, Unicorn Park dust,
• 28:17
  whatever you want to call it there for each one ounce of
• 28:19
  silver that's being created right now, we have almost 1020
• 28:24
  dollars being printed. Think about that.
• 28:29
  Think about that, right? And if we go down here, the
• 28:32
  paper to silver ratio it, it hovers pretty, pretty
• 28:36
  consistently at 410 to one, 410 for each.
• 28:42
  For each one ounce of silver that they have, they're selling
• 28:45
  it 400 times over. Isn't that what that means?
• 28:49
  Right. For each one ounce of real
• 28:52
  silver, there's 400 claims on it.
• 28:56
  Does that make any sense? Does that make any sense to us
• 29:00
  at all? No, absolutely not.
• 29:02
  So let's go out and update our spreadsheet because we keep good
• 29:06
  data here in the basement. Basement dwellers, here we are.
• 29:09
  This is the paper dollar into money supply to silver ratio and
• 29:16
  we are now at 1019. As you can see, it just goes
• 29:20
  consistently up. A month ago we were at 700.
• 29:24
  Now we're well over 1000. I I don't know what else to say,
• 29:28
  up like 30 or 40%. Very, very concerning that our
• 29:33
  government, it's not going to get any better under under
• 29:36
  President Donald Trump. OK, here's what the dude said.
• 29:38
  Now talk about paper that this is yesterday's data.
• 29:43
  Let's go down here. Yes, Friday the 22nd of November
• 29:48
  and he shares with us and we appreciate his hard work here on
• 29:51
  X The Dude. The silver market traded
• 29:54
  456,000,000 paper oz yesterday. We've been following this.
• 30:00
  Thank you The Dude. We've been following this
• 30:02
  closely guys. Over the last week, week and a
• 30:06
  half, we've had days pretty much around 400 million ounces of
• 30:10
  silver every day. Remember that day that we just
• 30:13
  looked at right the, the, the, the, the paper to silver ratio,
• 30:18
  the electronic, each ounce of silver is being traded 400 times
• 30:22
  over. And we look at this.
• 30:26
  Why is it important for us to look at this data that we had
• 30:30
  400 million ounces of paper silver in one day?
• 30:34
  Because you know, right, you know the answer.
• 30:37
  I know you right, because there's only 800 million oz
• 30:41
  mined per year. Yes, again, yesterday and one
• 30:44
  day. They in one day.
• 30:46
  In one day they traded half, the equivalent of half on an
• 30:50
  electronic basis of all the physical silver that will be
• 30:55
  mined for an entire year. It's make believe.
• 31:00
  So how can it not be? Not the real price.
• 31:03
  If you want the real price of silver, where do you where do
• 31:05
  you go? Oh, young man, we get on a boat
• 31:09
  and head east, right? Yeah.
• 31:12
  You come to Saint Louis, we'll sail down the Mississippi River.
• 31:15
  We'll hit the ocean and we'll sail east and we'll land in
• 31:18
  China and we go to the Shanghai. And I emphasize the high because
• 31:23
  the price is always higher gold exchange.
• 31:25
  And we'll see that the silver price is what, two or three,
• 31:29
  789, sometimes 15% higher because the Shanghai gold
• 31:34
  exchange is a physical market. And wait till you hear, wait
• 31:39
  till we're going to get to China next.
• 31:41
  Crazy, crazy big, big news for you about what's happening in
• 31:48
  China. And I talked to some Chinese
• 31:50
  people. I have Chinese friends.
• 31:52
  Big news about what's happening in China and what it's going to
• 31:56
  mean, what it's going to mean for demand for gold and silver.
• 32:01
  OK, but let's talk about the mining stocks.
• 32:02
  With this weird market we're in. Gold is near an all time high.
• 32:08
  Gold is a spitting distance. Sorry if you're offended by
• 32:12
  that. About as dirty as I get on this
• 32:14
  show. Spitting distance a stone's
• 32:18
  throw gold from a new all time high.
• 32:20
  Silver's lagging. But guess what else is lagging?
• 32:23
  If you're like me, it's kind of a bummer, right?
• 32:26
  The gold mining stocks. The silver mining stocks are
• 32:30
  lagging big time, right? So what does that tell us?
• 32:34
  One thing's got to happen, one thing's got to happen.
• 32:37
  Either the price of gold's going to come down or silver in the
• 32:40
  mining stocks are going to go up.
• 32:41
  Now think about this Buttercup. This will give you some warm and
• 32:45
  fuzzies, OK? I believe gold can go up.
• 32:49
  Jesse Colombo, I think believes from what we read here that gold
• 32:52
  can go up. Gold can go to new all time
• 32:55
  highs. Guys, we're only like 85.
• 32:59
  Should we give up? No, we don't give up.
• 33:03
  We never ever give up, right. Gold is $85 from reaching
• 33:09
  basically new all time high levels, 85 bucks.
• 33:13
  OK, if gold goes to the new all time highs and if it goes
• 33:17
  through there again and we then it's going to it's going to run
• 33:20
  baby, right. We're going to run into that
• 33:22
  2953 thousand by the end of the year.
• 33:25
  Think about this. Gold's already up here.
• 33:28
  Silver, hold on. Gold's already up here.
• 33:31
  Silver and the gold mining stocks are lagging, OK?
• 33:34
  So they're thinking, hey, gold's golden.
• 33:36
  Reason gold's up is because all this geopolitical uncertainty,
• 33:41
  This is a fancy Ron's basement graph you're looking at.
• 33:44
  The only reason gold's up here outperforming silver and the
• 33:48
  precious metal mining stocks is because gold is accounting for
• 33:51
  all this heightened geopolitical uncertainty.
• 33:54
  President Joe Biden, now that he's a lame duck, has decided he
• 33:58
  wants to try to start more conflict.
• 34:01
  People are calling it World War Three anyway.
• 34:03
  So everybody says gold's got to come down.
• 34:05
  Not everybody, but some people. That's why this difference.
• 34:08
  If gold keeps going up, silver and the precious metal mining
• 34:13
  stocks are going to have even more catching up to do.
• 34:17
  It could be epic. It could be an you know what?
• 34:20
  It's almost time. Hold on guys, Let me show you
• 34:23
  over here. There's the Christmas tree that
• 34:27
  you all remember from over the years with silver 44 on it and a
• 34:31
  dirty man safe sign because I think dirty man safe is like the
• 34:35
  best Christmas gift idea going. Don't forget there's a discount
• 34:40
  code Ron 10. We could be running into the end
• 34:42
  of the year with unbelievable movements.
• 34:44
  OK, think about this. Let me let me if you're invested
• 34:47
  in the junior gold and silver mining sector like I am, it's
• 34:52
  been a rough couple weeks, OK, Especially if you own a stock
• 34:57
  that's not had a Goodyear, OK, a stock that hasn't performed well
• 35:01
  this year. And there's a secret reason why
• 35:03
  it's the end of the year. It's called tax loss selling
• 35:06
  season. That means if people own stock
• 35:08
  in a junior mining company and it's down 30 or 40% for the
• 35:13
  year, they're going to sell it so that they can recognize the
• 35:16
  loss on their taxes for the year.
• 35:19
  OK. Now, since some of the companies
• 35:22
  there's, there's not as many companies that have performed
• 35:25
  poorly, the ones that have performed poorly are being
• 35:28
  double punished this year. So if you've got a stock that's
• 35:33
  you're like, what is going on? You know, I'm not giving
• 35:35
  financial advice. I'm just giving you some keen
• 35:38
  market insight. It could very well be because
• 35:41
  it's being a double punished or the tax loss selling season this
• 35:46
  year. What about China?
• 35:47
  Hold on to your shorts. And I don't mean your short
• 35:49
  positions like trades. I mean the shorts that you're
• 35:52
  wearing right now. Hold on to your shorts about
• 35:55
  China because they could be making massive, massive moves.
• 35:59
  I've got some big reasons, some keen insights that we're going
• 36:03
  to talk about next about why China could be the the catalyst,
• 36:07
  the thrust behind what we could call skyrocketing gold and
• 36:12
  silver prices. And we like for gold and silver
• 36:14
  over to skyrocket. I don't want to say thank you to
• 36:16
  channel sponsor First Mining Gold and Fortuna Mining, both
• 36:20
  regular sponsors of the basement making this possible.
• 36:23
  You can learn more about both of those companies.
• 36:26
  First Mining is a development stage company that got gold in
• 36:29
  the ground in Canada that they're working on getting
• 36:32
  permits. They're a developer and Fortuna
• 36:34
  Mining is an active mining company that mining operations
• 36:38
  in Latin America and West Africa.
• 36:40
  Links to their websites in the description China, China.
• 36:45
  Let's put a big smile on our face.
• 36:47
  Basement dwellers. I put out a video last night
• 36:52
  about what it's like to get old as a as a man.
• 36:55
  You know, we've got a wide variety of people, but a lot of
• 36:58
  older men are basement dwellers and women are welcome.
• 37:01
  Women, children, whatever. I never cussed whoever wants to
• 37:04
  be here, I'll sing happy birthday to your kids.
• 37:06
  But you know we need something to smile about, right?
• 37:09
  You get older, men naturally get a little crabbier.
• 37:12
  How about China and gold, gold and silver and let me explain
• 37:16
  right now. OK, let me explain China is
• 37:19
  panicking really OK, and how could that impact the price of
• 37:25
  the metals? Here we go.
• 37:27
  This is like one. I love the info.
• 37:31
  This guy, the Kobe C letter. China is panicking.
• 37:35
  Last week alone, China ETFs saw $2 billion of outflows, marking
• 37:42
  the largest weekly outflow in history.
• 37:46
  That's not gold and silver ETF outflows.
• 37:48
  These are stock market outflows. These are people panicking and
• 37:53
  as he calls it, and pulling money out of the Chinese stock
• 37:56
  market despite deploying pandemic like stimulus.
• 38:01
  China just a big stimulus, big STEMI.
• 38:04
  Recent data suggests that Chinas economy is in capitals
• 38:08
  worsening. What does this have to do with
• 38:10
  the silver you're holding in your hand right now?
• 38:11
  You're gold. I'm going to tell you why it has
• 38:14
  everything to do with it in just a second.
• 38:16
  China, and let me remind you, is the largest economy in the world
• 38:19
  according to the IMF. Everybody else says second
• 38:22
  largest, but they're big and they're growing.
• 38:24
  OK. Is China entering though an
• 38:27
  economic depression? All right, let's just see a few
• 38:31
  more things that he said here about this, because this is
• 38:34
  scary. Following large inflows on
• 38:38
  China's stimulus measures, investors began pulling it out
• 38:41
  again. Hopefully you guys can still
• 38:45
  hear me. China's largest ETFFXI saw a
• 38:49
  record 984 million in withdrawals last week alone.
• 38:55
  FXI has seen five consecutive weekly outflows.
• 38:59
  Yeah, I know you're you're you're questioning me right now,
• 39:01
  Ron. What does this have to do with
• 39:02
  silver and gold? Hang in there, basement dweller.
• 39:06
  This has everything to do with silver and gold.
• 39:08
  China Internet ETF K Web experienced $710 million in
• 39:14
  outflows last week alone. Another record.
• 39:18
  OK, so I need you to file something.
• 39:20
  And, you know, we're getting older.
• 39:22
  We got to make mental notes. There is record, record outflows
• 39:27
  of money out of the ETFs in the Chinese stock market.
• 39:32
  Now let's look at the big picture because I know you,
• 39:35
  you're a deep thinker. You've got experience.
• 39:37
  Maybe you're a little older like I am.
• 39:39
  I'm 54, right? You've got some experience.
• 39:43
  It's a big deal, OK, because, because, because what are those
• 39:48
  people going to do with that money and wait till I this is
• 39:51
  good, Wait for it. Because when this when you put
• 39:54
  all this together, you're going to have multiple light bulbs.
• 39:57
  Maybe you only think you have one light bulb up in your head.
• 40:00
  You've got multiple when you're here in the basement are going
• 40:03
  to go off. Let's just look at their stock
• 40:05
  market quickly and then we're going to we're going to get
• 40:07
  right to the meat of it. Here is the Shanghai Composite
• 40:11
  exit index. Sorry.
• 40:14
  As you can see, one day down 3%. That's not good.
• 40:21
  OK, let's look at one month. All right.
• 40:23
  You can see like they stimulated it shot up and now it's going
• 40:27
  back down, down, down. Things are not looking good in
• 40:32
  the Chinese stock market now. Have you?
• 40:36
  You're going to love this, trust me.
• 40:39
  Remember China, maybe they're having a depression, but they're
• 40:42
  still huge, OK? Massive economy, OK?
• 40:46
  Even if they're not growing like crazy, their stock stock market
• 40:50
  is going down, right? People are pulling money out of
• 40:54
  the stock market now. I know Chinese people.
• 40:56
  My friend Chen Len will tell me, OK.
• 41:00
  And other Chinese that I I talked to over the years.
• 41:03
  I love Chinese people. Don't trust the banks.
• 41:07
  They don't trust paper money in China, OK?
• 41:10
  They're very skeptical, All right, so all So the money in
• 41:13
  the stock market go down. Money come out of the stock
• 41:16
  market, Record amounts of money coming out of the Chinese stock
• 41:20
  market. They're not.
• 41:21
  They don't trust the banks, OK? What else can a Chinese man do
• 41:25
  with his money? Real estate, remember real
• 41:28
  estate was, was booming in China.
• 41:31
  No real estate is crashing in China, guys.
• 41:34
  Remember the 2008 real estate crash here in the United States
• 41:38
  of America? I do do.
• 41:40
  Yes, you do. You're about my age.
• 41:44
  They got it worse in China. Their real estate market is, is
• 41:48
  has crashed their residential. It's horrific.
• 41:52
  It's horrible. It's levered up.
• 41:54
  It's a big it's it's disastrous. Take a step back.
• 41:59
  Remember what we talked about? Record amount of money coming
• 42:03
  out of the Chinese stock market. Those people need to do
• 42:08
  something with that money. Oh, they don't trust banks.
• 42:11
  No, they don't trust the banks. No, they don't trust real estate
• 42:15
  because it just lost 3040%. Whatever the case may be.
• 42:19
  OK. Oh, I know what they'll do with
• 42:21
  it. Oh, my God, the new savior.
• 42:23
  I'm sorry, guys. I made a big mistake.
• 42:26
  They're going to put it into Bitcoin, right?
• 42:29
  Crypto, Yeah. That's what they'll do with it.
• 42:32
  They're not going to put all that stock market money they're
• 42:34
  pulling out at record amounts into real estate or the bank.
• 42:38
  They don't trust either of those.
• 42:39
  They're going to put it into crypto because that's the new
• 42:42
  savior, crypto. It just goes up and up and up
• 42:45
  and up. No, there's a little problem
• 42:48
  with that. There's a hey, Cliff, Thank you.
• 42:52
  Thank you, Cliff Moberg for that super chat.
• 42:54
  There's a big problem with that, OK, Cryptocurrency is illegal in
• 42:59
  China, completely illegal. Bitcoin is illegal.
• 43:04
  Now think about that. The new savior here in the
• 43:07
  United States, Bitcoin, maybe it's at a walk to go check.
• 43:09
  So your Bitcoin got to 100,000, right?
• 43:13
  In China, it's illegal to own crypto, to trade crypto.
• 43:17
  So they they aren't going to put their money.
• 43:18
  They're pulling out record amounts from the stock market.
• 43:22
  They're pulling out the the, the real estate market has crashed.
• 43:26
  They don't trust the banks, and it's illegal to put the money
• 43:30
  into crypto. Correct me if I'm wrong, but I'm
• 43:32
  not. So what are they going to do
• 43:34
  with their money? Oh, on top of that, I almost
• 43:37
  need to stand up. I'm getting so excited.
• 43:39
  On top of that, guys, Chinese people love gold.
• 43:46
  They always have. They're not dumb.
• 43:48
  Like, well, I'm sorry I said that, that I didn't mean to use
• 43:51
  the D word. They're not intellectually
• 43:55
  challenged like a lot of people in the West who've been
• 43:58
  brainwashed. The gold and silver are not a
• 44:00
  good investment. No Chinese love.
• 44:02
  Remember those pictures of eight 800,000 people?
• 44:08
  800,000 people? What's this?
• 44:12
  Hold on here. Wow.
• 44:15
  Hey, Frank, thank you 800,000 people.
• 44:17
  You guys are being super generous.
• 44:19
  Thank you, Cliff. Thank you, Frank.
• 44:21
  Buying gold after the 800,000. I got to find that picture for
• 44:25
  you guys. I mean, it's absolutely insane.
• 44:29
  So you got let's let's let's let's tie this all together.
• 44:33
  Get your strings out. We're going to tie this all
• 44:35
  together. You got the biggest or one of
• 44:39
  the biggest economies in the world.
• 44:41
  You have a population of people that love gold, love silver.
• 44:45
  Oh, and by the way, the country also is eats through like a
• 44:49
  third of the world's silver supply every year just for
• 44:52
  industry. Thank you, Todd.
• 44:53
  OK, biggest country in the world loves precious metals.
• 44:57
  Stock market Unicorn fart dust going down, record amounts of
• 45:02
  money coming out of the stock market, OK, Real estate market
• 45:06
  in that country crashing. The people don't trust the
• 45:09
  banks, OK? The people are not allowed to
• 45:12
  buy crypto. The new savior.
• 45:14
  What are they going to do? Remember, go back to the
• 45:16
  beginning. This is a country that loves
• 45:19
  silver and gold. This is a country whose
• 45:21
  government. So we got big good news coming
• 45:24
  at us when it comes to the precious metals in China.
• 45:28
  Just hang on, OK? Don't hang on.
• 45:30
  Don't forget, I'm going to read Frank's thing here in a second.
• 45:35
  Don't forget though, I got it. I got I'm I'm I'm auctioning off
• 45:39
  my crypto art because some crypto guy paid 6.2 million dot
• 45:44
  6.2 million. Tell me we're not in the crypto
• 45:47
  bubble when that money comes back in the gold and silver.
• 45:50
  I know I'm not anti crypto. I'm just pointing out a fact.
• 45:54
  A crypto investor paid $6.2 million for a piece of art.
• 46:00
  It was a banana duct taped to a wall.
• 46:05
  Real story. Don't do it now, but when we're
• 46:08
  done, Google banana duct tape to wall soon wound or some.
• 46:12
  I mean it's crazy. When that money comes back, it's
• 46:14
  gonna be crazy. So I have a piece of crypto art
• 46:18
  which I've now called the Bitcoin bubble.
• 46:27
  The Bitcoin bubble gum machine. I I say that rightly.
• 46:33
  The Bitcoin bubble gum machine, it's being auctioned off.
• 46:37
  The auction closes on Thanksgiving morning at 10:00 AM
• 46:42
  Central time. If it gets above 10 million for
• 46:45
  this, I'm going to hand it over to Sotheby's auction house.
• 46:48
  OK, It's the Bitcoin bubble gum machine, so one-of-a-kind.
• 46:52
  It will come with a certificate of authenticity and a personal
• 46:55
  guarantee from me. Then never make another piece of
• 46:58
  art again. And as a special bonus feature,
• 47:01
  if some crypto investor decides to spend $10 million on this,
• 47:05
  I'm going to use all the money to buy gold and silver, and I'll
• 47:08
  give you some. I mean, I'm sorry, putting my
• 47:16
  kids old bubble gum machine to good work.
• 47:18
  It's the Bitcoin bubble gum machine.
• 47:22
  OK Frank. Frank says good.
• 47:23
  Hold on here. Let's see what Frank has to say.
• 47:25
  You basement dwellers. Hey guys, thank you again for
• 47:28
  being here. You are the most important part
• 47:30
  of the basement. Frank, all you guys.
• 47:34
  I just I don't know what to say but you know, we're a good
• 47:37
  group. Good morning and God bless.
• 47:38
  I got a check from my inheritance.
• 47:40
  Thinking about buying 40 sealed American silvery monster boxes
• 47:45
  and 20 oz. Wow.
• 47:46
  Yes, you know Frank, I don't give financial advice.
• 47:49
  OK, I don't give financial advice and I was talking to a
• 47:54
  friend of mine just the other day.
• 47:56
  Hold on here, hide the comment. I mean, Oh my gosh, you guys are
• 48:00
  blowing me away. Let me talk about what Frank
• 48:02
  said. I don't know.
• 48:04
  I mean, if I inherited a bunch of money I want, I'll ask you
• 48:07
  that question. I'll ask you the basement
• 48:09
  dweller community. If you inherited, think about if
• 48:12
  you're, if your long lost Uncle Jerry passed away and you got a
• 48:16
  letter in the mail saying guess what, you inherited $400,000.
• 48:21
  It's OK to dream, right? Anyway, what would you do with
• 48:24
  it? 400 grand 200 grand whatever it
• 48:27
  might be would you put it in the stock market Trust me I have a
• 48:30
  degree in accounting. I can read financial statements
• 48:33
  Most of the stock market in my opinion, with the exception of
• 48:37
  the precious metal mining stocks are bubble bubble bubble double
• 48:40
  bubble territory right like my bubble gum Where is that thing
• 48:44
  there it is there like that bubble bubble gum machine.
• 48:48
  Are you going to buy real estate?
• 48:50
  Houses seem like they're in a bubble.
• 48:52
  Are you going to put it in the bank dollars?
• 48:55
  No, I mean, I would look, I I'm not giving financial advice,
• 49:00
  Frank, but I think that's a pretty smart move.
• 49:02
  Just my opinion. So congratulations and I Cliff,
• 49:06
  Cliff Moberg, our good friend Cliff, $10.
• 49:11
  Good morning. Thank you, Cliff.
• 49:12
  Super nice of you. God, you guys, this is crazy.
• 49:15
  Todd hit my stacking goal and increased it some.
• 49:19
  Good for you, Todd. You know what one thing I love
• 49:21
  about the guys at Pmbecs is it's a recurring theme I get from
• 49:25
  them. They always encourage people to
• 49:27
  stack responsibly. And again, we, I don't get
• 49:30
  financial advice and even like with with Frank was talking
• 49:32
  about, you know, sometimes it's a good idea to like and that's
• 49:36
  what I did over the years. Buy a little bit on kind of a
• 49:39
  regular basis dollar cost average if you buy everything at
• 49:43
  once, right, you're taking a risk.
• 49:46
  It could be a great move. If silver goes from 31 to 50,
• 49:50
  you're doing great. But if silver drops so some you
• 49:54
  know, it just depends. I just always, you know, want
• 49:56
  people to understand the benefits of stacking responsibly
• 50:00
  is how Mike at penbacks. I've heard him say that several
• 50:03
  times that you wanted me maybe sometimes spread your purchases
• 50:06
  out. OK, thank you, Frank.
• 50:09
  Crypto equals Tulip, the digital tulips.
• 50:13
  No comment, no comment. You know, I'm not anti crypto,
• 50:17
  but I don't own any. I'll leave it at that.
• 50:19
  OK, and I don't and I and one thing I will say about crypto in
• 50:24
  the crypto world, one good. There's a lot of good things.
• 50:28
  There's a lot of people who like both gold and silver and crypto.
• 50:31
  But one thing I will say for sure is that the vast, vast
• 50:33
  majority, one benefit to what's going on with the crypto growth
• 50:38
  is we've had a lot of people that have come to understand the
• 50:42
  downfall the, the, the, the, the, the cruddy system that
• 50:47
  we're living under, right, with paper money and inflation and
• 50:50
  the Fed and all that great stuff.
• 50:52
  So, you know, crypto investors and gold and silver investors
• 50:55
  share a lot of common ground. If there's that one little
• 50:59
  border area that that that that it seems like a lot of crypto
• 51:03
  and gold and silver investors, we're a little wars break out on
• 51:07
  that little border. And that is what's the best way
• 51:09
  to protect yourself against a vastly devaluing dollar.
• 51:14
  Thanks, Jason for the Super chat.
• 51:16
  The Jason, Jason Pate says convert this to silver quick.
• 51:22
  All right, guys, I'm sorry I went longer than I promised, but
• 51:26
  we have so much fun together. You guys are great.
• 51:30
  Oh, I got to remind you. Hold on here.
• 51:33
  Hold on. I think we're having some
• 51:35
  technical problems. Here we go.
• 51:38
  Nope. 5. All right, there we go.
• 51:41
  I wanna remind you guys one more time that we are doing a
• 51:46
  giveaway on. Let me pull you up.
• 51:48
  Where you at? There we are.
• 51:50
  All right, I can see you. We're doing a giveaway on
• 51:55
  December 30th of one of The Dirty man safes.
• 51:58
  I think dirty Man is a great Christmas gift idea if you know
• 52:01
  somebody who's a stacker, but if you want to win one for free,
• 52:04
  there's a link in the description of this video where
• 52:08
  you there's the there's one right there got 1.
• 52:11
  I don't know if you noticed that, but I've got 1 hanging
• 52:13
  from the ceiling can win your own dirty man safe.
• 52:16
  There's also a discount code if you ever decide that you want to
• 52:19
  buy one. Ron 10.
• 52:21
  Ron 10. Have a great day.
• 52:23
  Thank you, guys, for being here. Thank you to the moderators.
• 52:27
  Jake from Jake's Custom Parts, the one and only.
• 52:29
  Annie Oakley, Big 10, the Silvershire.
• 52:32
  And, of course, silver. Susie.
• 52:34
  Susie, my wife. We're almost married for 20
• 52:37
  years, guys. Believe that or not, 1234 is our
• 52:42
  anniversary, so it'll be wow. Oh, boy.
• 52:45
  Coming up here real soon. All right, take care.
• 52:48
  Thank you. I'll see you later.
• 52:49
  Bye. Bye.