Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER STACKERS 🚨 ALERT! 🚨 -- STUNNING Information -- Massive NEWS for GOLD Miners & SILVER Price!

Transcript

SILVER STACKERS 🚨 ALERT! 🚨 -- STUNNING Information -- Massive NEWS for GOLD Miners & SILVER Price! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Silver is the most undervalued asset on the face of the planet.
• 0:06
  Silver mining stocks. Gold mining stocks are the most
• 0:09
  undervalued stocks on the face of the planet.
• 0:13
  I'm going to tell you why. I'm going to give you the
• 0:15
  reasons why in this video, but let's start with our good friend
• 0:19
  silver. Speaking of good friends, you're
• 0:22
  my good friend. Welcome to the basement,
• 0:24
  basement dweller. You know you belong here.
• 0:26
  You're part of the group. Welcome.
• 0:28
  Please subscribe to the channel, give the video.
• 0:30
  Thumbs up. Super chat.
• 0:31
  Super. Thanks, Roy.
• 0:32
  Super appreciated. What is going on with silver?
• 0:37
  I'm hearing some top analysts this morning saying $85 silver.
• 0:42
  I think that was if we got to a a gold to silver ratio of 40 to
• 0:46
  one. But what is going on with 600
• 0:49
  and $76 silver? Guys, this, this, this dollar to
• 0:56
  silver ratio is absolutely exploding.
• 1:00
  And I'm going to show you a couple reasons why that's such a
• 1:03
  big, big deal. Let's head out to the our old
• 1:05
  friend the US Debt clock and get a quick update on what is going
• 1:09
  on. If we go over, I mean, it seems
• 1:12
  like every day this goes up by $100.
• 1:14
  I'm going to zoom in for you so we can see this a little better.
• 1:20
  OK, hold on here and wow. OK, now it's 676.
• 1:31
  I mean, probably by the end of the live stream, we'll be at
• 1:34
  680, the dollar to silver ratio again, just eight months ago it
• 1:41
  was 0. Remember, the M2 money supply
• 1:45
  was shrinking. Just a few weeks ago, it was at
• 1:47
  300, then it was at 400, now it's at 676.
• 1:52
  Let's talk about what this means and why it's so important.
• 1:55
  I want to zoom back out and I have a couple very interesting
• 1:59
  examples to share with you to show you what this means in
• 2:04
  uncertain terms. You cannot fight the laws of
• 2:08
  nature. You cannot fight the laws of
• 2:10
  gravity. And for right now they're doing
• 2:14
  that. But just a quick review in the
• 2:16
  upper center right, this is the, the the dollar to silver ratio
• 2:21
  represents the year over year increase in the US into money
• 2:25
  supply divided by the yearly world production of silver.
• 2:29
  This means that for each one ounce of silver that's being
• 2:33
  created, there is almost 700 U.S. dollars being created.
• 2:39
  I want to run over here quickly just so you know, I wanted to
• 2:42
  review for myself and I think it's important that we
• 2:45
  understand what is the M2 money supply, a measure of the total
• 2:48
  money supply in the United States that includes M1 as well
• 2:53
  as saving accounts, money market funds and small denomination
• 2:58
  time deposits. So M1 is all the cash checking
• 3:01
  accounts, traveler's checks, M2 would be savings accounts, money
• 3:06
  market funds and time deposits. This is only, this is only like
• 3:12
  the, the, the very liquid cash, like what we have in our bank
• 3:15
  accounts. It's being created for each one
• 3:18
  ounce of silver throughout the entire world that's being that's
• 3:23
  being created every year at A, at a $700 to one ounce of silver
• 3:29
  ratio. It is absolutely unbelievable.
• 3:32
  Now I want to show you another reason why we should be stunned
• 3:35
  by this. OK, absolutely stunned. 2
• 3:38
  examples. Stay with me.
• 3:40
  Here's a paper dollar. Everybody say hi to the Unicorn
• 3:44
  fart does here's a well, it's a Morgan.
• 3:47
  It's not quite an ounce of silver, but you get the point.
• 3:49
  If this was all the paper money in the world and this was all
• 3:54
  the silver, or we can even say precious metals in general, if
• 3:58
  this was all of it, making it very simple for us to
• 4:01
  understand, OK, that would mean if this was all that we all that
• 4:05
  existed, that would mean that this would be worth $1.00.
• 4:09
  I want you to think about this. If they print 600 more of these
• 4:14
  paper dollars, so now there's $600.00 over here, they can't
• 4:18
  print this ounce of silver. That would mean that this would
• 4:23
  be worth $600.00. And again, you can think of this
• 4:26
  as all the precious metals in the world.
• 4:28
  It's absolutely crazy. Now it gets even more astounding
• 4:34
  when instead of this, we use this same thing, right?
• 4:39
  No, wrong guys, it's our old friend.
• 4:43
  See at the top it says silver certificate from 1937.
• 4:51
  Where does it say 1937? Well, just trust me.
• 4:55
  There it is. You can see it right underneath
• 4:57
  the blue thing. It's $1.00 in silver payable to
• 5:03
  the bearer on demand. So if this was the good old
• 5:06
  days, right, and and this was still, we still had silver in
• 5:10
  our money, OK, for each one of these that they wanted to
• 5:15
  create, if they wanted to create 676 of these like they're doing
• 5:19
  right now for each one of these, OK, they couldn't do it.
• 5:23
  They would need to have 676 of these ounces of silver, OK?
• 5:30
  That would mean that they would need 676 times more of this to
• 5:35
  get 676 more of these, right. And again, you can think of that
• 5:39
  in terms of regular precious metals.
• 5:41
  It's no wonder, you know, the shootout at the OK Corral, the
• 5:46
  Tombstone, Arizona, that was all about silver in the in the Wild
• 5:50
  West early days of our country. So it's no wonder, right?
• 5:54
  Wells Fargo transporting stagecoaches bowl of silver
• 5:58
  across the country. The fact that they're creating
• 6:02
  almost 700 paper make believe dollars for each one ounce of
• 6:07
  silver, that I'm not saying that that means the price of silver
• 6:11
  right now should be 676, probably 677 by now, right?
• 6:17
  By the time you're maybe watching this as a replay, it
• 6:19
  could be 800. But what it does indicate to us
• 6:23
  in no uncertain terms is that the out of control money
• 6:27
  printing by our government, right will eventually be
• 6:31
  reflected in the value of the precious metals.
• 6:35
  This has happened right with gold, with silver hundreds of
• 6:40
  times throughout history, OK, where governments got out of
• 6:45
  control, printed money, took, took their money right off of
• 6:49
  the gold or silver standard, and every time it has ended in
• 6:53
  disaster. Every single time, Every single
• 6:56
  time there's a cage match and we're in the middle of a cage
• 6:59
  match right now. Buckle up, buttercup, OK,
• 7:02
  between paper money and precious metals, a fight, OK, in this
• 7:08
  corner, in this corner, cage match, boxing match, football
• 7:11
  game, whatever you want to call it, every time throughout
• 7:14
  history that's happened this one every single time, OK, over
• 7:20
  thousands of years, it is one. Every single time this has been
• 7:25
  around and has a perfect record for thousands of years this has
• 7:30
  been around the I'm using the wrong one.
• 7:35
  This paper right has only been around for really 50 years since
• 7:40
  it's not been backed by metal, OK?
• 7:42
  And all it's proven to us is that it's it's had an atrocious
• 7:46
  loss of value. This will win.
• 7:48
  I digress. Let's go check on the silver
• 7:55
  price over in China. Oh, you know China, they're
• 7:58
  stimulating like crazy, like nutso.
• 8:02
  OK, And we're going to talk more about that later, but let's just
• 8:05
  go compare right now in China what the silver price is, what
• 8:10
  it closed at last night because we need to remember.
• 8:14
  We need to remember something very interesting about the the
• 8:18
  silver price in China. There's our friend the Oriental
• 8:21
  Ghost and let's check out the Shanghai.
• 8:27
  And I emphasize the high because the high, the silver price is
• 8:31
  usually higher. Gold exchange, there is silver.
• 8:35
  Let's run out quickly and do a quick update and see the current
• 8:39
  silver price. OK, $32 here in the United
• 8:45
  States of America. Isn't it interesting?
• 8:48
  This is very interesting that on the this is Silver AG on the
• 8:53
  Shanghai Gold Exchange, silver is $34.67.
• 9:00
  If we round up that becomes $35. This is a physical market.
• 9:06
  Big difference between the $32 per oz silver price that we just
• 9:11
  looked at, which is the COMEX and the LBMA.
• 9:15
  It's levered up 100 to one, 200 to one.
• 9:18
  It's paper. It's make believe silver price.
• 9:21
  It's some people, some some people speculate or a lot more
• 9:26
  than speculate that that price is artificially low, that it's
• 9:29
  been tamped down, held down, and it's all paper anyway.
• 9:33
  It's paper, paper, paper make believe, Comex, LBMA, $32.
• 9:39
  When we go to the Shanghai Gold Exchange, what we're talking
• 9:43
  about is a physical market. You got to have real physical
• 9:49
  metal to trade in that market. And the real physical price in
• 9:53
  China is darn near, I would say probably 8%, nine percent
• 9:59
  higher. We're going to round up because
• 10:02
  it works in our favor in say, $35 per oz.
• 10:06
  On the Shanghai Futures Exchange, it's even more
• 10:09
  exaggerated, $34.86 per oz. There is going to be a day
• 10:18
  absolutely when the physical market for precious metals
• 10:22
  overwhelms the paper make believe comex market.
• 10:28
  It's never happened in our lifetime.
• 10:30
  So you and I right we're we're we're in this together, baby,
• 10:33
  we're in this together. I'm I'm I'm pleased to have you
• 10:36
  on this journey. I'm I'm flattered we're in this
• 10:40
  together in our lifetimes. We've never experienced the
• 10:45
  paper electronic market failing. We've never experienced, right,
• 10:51
  the, the, the physical market overtaking the paper market, but
• 10:55
  we're experiencing it right now, right?
• 10:59
  And don't forget, just because it's never happened in your
• 11:02
  lifetime doesn't mean that it's, and I'm saying this to myself,
• 11:06
  but I, but I, I think it's important for us together to
• 11:09
  remember this. Just because it's never happened
• 11:12
  in our lifetimes doesn't mean it's not going to happen.
• 11:15
  OK, I'll use an example of building a house on a 100 year
• 11:18
  flood plain. We I'm 54 years old.
• 11:21
  We could have built our house 54 years ago.
• 11:24
  And just because it's never flooded during my lifetime
• 11:28
  doesn't mean that it's never going to flood.
• 11:30
  It's going to flood. It may not flood for another 10
• 11:32
  years. May same thing with the paper
• 11:35
  manipulated COMEX LBMA price in the in the in the stocks are are
• 11:40
  the physical metal continues to move out of those markets.
• 11:45
  China, guys, China, I got a little insight for you.
• 11:50
  China is now bypassing to to some extent, right, the COMEX in
• 11:55
  the LBMA in buying silver do Rey bars or for their own refining
• 12:01
  directly from the miners. And from what I've heard, that
• 12:04
  includes a significant number of silver mine operators in Mexico
• 12:10
  that just happens to be the biggest silver producer in the
• 12:13
  world. It's happening.
• 12:14
  It's happening right before our very eyes.
• 12:17
  Oh my gosh, Oh my gosh, what's a big look?
• 12:23
  We're going to be really happy when just a little bit of the
• 12:30
  sheeple, right? I want to watch CNN when the
• 12:36
  sheeple wake up and join us. I know the sheep thing annoys me
• 12:40
  too. I apologize when the people wake
• 12:43
  up the sheeple and join us in the precious metals market.
• 12:46
  It's going to take a tiny amount to make a huge difference in the
• 12:53
  silver price and the gold price for that matter as well.
• 12:57
  But in particular, thank you Silver Sparky for that.
• 13:01
  I'm going to get on that right next.
• 13:03
  I'm going to talk about that. Thank you, Silver Sparky for the
• 13:05
  Super chat. A tiny amount, right.
• 13:09
  What you know Rick Rule talks about what we have 1/2 of 1% or
• 13:13
  1% makes no, well, it doesn't make a difference, but whatever
• 13:16
  it is super low. Let's say 1% of the world's
• 13:20
  financial assets invested into precious metals.
• 13:23
  That has been as high as 5. Thank you.
• 13:26
  That has been as high as 5%, four percent.
• 13:30
  Even if we go to just 2% basement dwellers, that's a
• 13:34
  double of the amount of money in our sector.
• 13:37
  And that's nothing, right? OK, but now I got good news for
• 13:42
  you. Smile, smile.
• 13:44
  The Children's News Network actually has a very good article
• 13:50
  about gold. And it's, it brings up some
• 13:52
  crazy important points. But the real important point
• 13:56
  here is that they're feeding this to the sheeple, to the
• 14:01
  people who are. And I'm not putting those people
• 14:02
  down. Great for them that they like to
• 14:04
  watch, you know, whatever. They don't want to dig in like
• 14:07
  you do and I do, but they're feeding them.
• 14:09
  Let's get into it because there's some really great points
• 14:12
  in this article. And I, I'm, I have to admit, I'm
• 14:15
  shocked. This comes from CNN.
• 14:18
  CNN Business Gold hitting new records again.
• 14:21
  Here's what it means for the economy.
• 14:23
  Oh, and guess what guys, there's an extra bonus at the end of
• 14:27
  this article. They you're not going to believe
• 14:29
  what they talk about. It starts with the letter S.
• 14:33
  It has AV in the middle and an R at the end.
• 14:40
  I won't read everything because this is, again, you know,
• 14:42
  mainstream media 2024 Monster gold rally is picking up steam.
• 14:48
  Gold, traditionally perceived as a haven, has climbed 30% this
• 14:53
  year, outperforming the benchmark S&P 500 indexes 20%
• 14:58
  gain. So gold, that useless pet rock
• 15:02
  that only the United States government holds because of
• 15:05
  quote UN quote tradition is beating the S&P 500.
• 15:09
  So some of these sheeple are scratching their fur right now
• 15:12
  thinking, oh, that's interesting, OK.
• 15:15
  But some investors say the rally in the yellow metal also
• 15:19
  suggests that markets are still on edge about the US economy's
• 15:23
  health. We got API think it was PCE
• 15:27
  inflation data this morning. That was the big news item that
• 15:31
  came out. Let me let me look you in the
• 15:32
  eye, basement dwellers. Inflation and it held steady or
• 15:37
  was down. Well, no joke.
• 15:39
  You know what? Because when the economy crashes
• 15:41
  like it likely is right now, all right, you want to know the
• 15:45
  reason why the inflation rates down?
• 15:47
  Because the economy is crashing. Because the economy is slowing
• 15:50
  down. Because middle America is out of
• 15:53
  money. Because lower middle America is
• 15:57
  even in worse shape. Go talk to somebody who works at
• 16:00
  one of those $1.25 stores, right?
• 16:03
  They'll tell you people don't have money.
• 16:06
  Things are slowing down. Back to our article, fresh
• 16:14
  consumer confidence data on Tuesday indicated that Americans
• 16:18
  are feeling pessimistic about the US economy and the future of
• 16:22
  the job market. This is interesting a quote.
• 16:26
  There is a nagging concern on the part of investors that
• 16:30
  perhaps this 50 basis point rate cut that Gomer Powell did last
• 16:35
  week is a crisis cut and that there's more weakness in the US
• 16:41
  economy than can be seen right now.
• 16:43
  Christina Hooper, chief global market strategist at Invesco.
• 16:49
  The economy, right? Why else?
• 16:51
  Guys, where we know this, We we know this, this makes sense to
• 16:56
  us. the Fed doesn't cut rates if the economy is doing great. the
• 17:01
  Fed only cuts rates and only does a massive cut.
• 17:05
  Like they did a half a percentage point cut.
• 17:07
  If they're freaked out and worried about something, hello.
• 17:11
  You know, it's like if you're married and your spouse isn't
• 17:15
  coming home from work six nights a week until 11:00, so you might
• 17:20
  be a little suspicious about what's going on.
• 17:22
  Get my drift? OK, that uncertainty could be a
• 17:25
  boon for gold. JP Morgan Chase researchers said
• 17:31
  in a note on Monday that they they expect the yellow metals to
• 17:34
  continue running toward the 2025 target of $2850.00 an ounce,
• 17:39
  which is low as the Fed brings down rates.
• 17:43
  The FED's rate cutting campaign is also increasing the allure of
• 17:48
  gold over Treasuries. This is huge.
• 17:51
  This is actually a pretty darn good article.
• 17:53
  Hey, thank you, Don. Thank you, my friend.
• 17:56
  Put you up there and I'll get the other one up later.
• 17:59
  Guys, this is a big deal. What they just said right there.
• 18:02
  Gold is becoming attractive relative to Treasuries.
• 18:09
  Remember what we just talked about earlier, right?
• 18:12
  Just a little trickle, a little bitty trickle, a little wave.
• 18:16
  I'm trying to think of a good analogy.
• 18:18
  It just takes a tiny amount to make a huge impact on the silver
• 18:23
  price and the gold mining stocks for that matter as well.
• 18:27
  Gold's a little bit of a different story and it's
• 18:29
  actually performed very well. But the price of silver and the
• 18:32
  silver mining stocks and the gold mining stocks, they got so
• 18:35
  much room to run. And the reason why a little bit
• 18:38
  of money and, and this is critical to understand is
• 18:41
  because the markets are so small.
• 18:44
  I think the entire market cap of the silver mining industry is
• 18:47
  like $20 billion. The entire world output of
• 18:52
  silver, OK, 1 billion oz per year, that's about what $32
• 18:58
  billion worth of silver. That's like a, that's like a,
• 19:02
  that's like a, a, a piece of dust on my shoulder compared to
• 19:05
  the market cap of Apple or, or, or the S&P 500.
• 19:09
  It's just going to take a little bit money coming out of
• 19:12
  treasuries, even the children's news network.
• 19:16
  They're probably not putting it together like you are, but it's
• 19:19
  a big, big deal. What about we talked about this
• 19:23
  yesterday. It's astounding.
• 19:25
  Like if 1% of Apple computers, Apple, Apple, right, Apple,
• 19:31
  Apple's not Anyway, I digress. 1% of Apple computers market cap
• 19:36
  were to were to flow into the silver market.
• 19:39
  They could buy the entire year's production of silver.
• 19:43
  The the key take away here is that these the silver market,
• 19:47
  the precious metals mining stack market are so small that when
• 19:51
  the sheeple do wake up when the investment, the the
• 19:55
  institutional money investors do wake up when the stock market
• 19:59
  starts to underperform, which is kind of sort of you know, it's
• 20:03
  it's going to happen. It's in a bubble.
• 20:04
  You're going to have money from the treasury market, you're
• 20:06
  going to have money from the debt market, you're going to
• 20:08
  have money from the stock market looking for a home and what's
• 20:11
  the safest home on earth? Precious metals.
• 20:14
  Hold on, guys, it's going to be super, super interesting.
• 20:20
  But don't forget CNN unbelievably talked about silver
• 20:25
  as well. OK, There's really at this stage
• 20:30
  no way to think about gold other than positively.
• 20:34
  I like highlighted the positively, said Will Reind,
• 20:38
  chief executive of Granite Shares.
• 20:40
  Here comes silver. Silver, this is CNN, CNN, not
• 20:44
  CNBC, which would be good, Yahoo Finance or Reuters.
• 20:48
  This is CNN, the children's news network talking about.
• 20:54
  And I'm not putting the, you know, I'm just joking around.
• 20:56
  Please don't take that personally.
• 20:57
  I watch CNN. Wonderful station.
• 21:00
  Silver, another precious metal. Silver, another precious metal
• 21:04
  that tends to move in tandem with gold, has jumped roughly
• 21:08
  34% this year, outperforming the yellow metal in green.
• 21:13
  It says silver is also a crucial material for clean energy
• 21:16
  transition. They're educating the public.
• 21:20
  We love it. City strategist wrote in a
• 21:24
  report last week that they expect solar and electric
• 21:26
  vehicle driven demand in China along with the feds rate cuts to
• 21:31
  help boost the silver price. And then it talks about this
• 21:34
  massive stimulus program in China.
• 21:36
  We're going to talk about that more lately.
• 21:38
  So what I want you to visualize right now, OK, you are a lone
• 21:43
  wolf. You are, are you a silver
• 21:44
  investor? Are you a gold investor?
• 21:46
  Are you a precious metal mining stock investor?
• 21:50
  You are a lone wolf. Imagine, imagine you are a
• 21:54
  rebel. Imagine the big herd of sheep,
• 21:57
  OK, And me and you, we are black sheep.
• 22:01
  The herds over there, you and I and this other basement
• 22:05
  dwellers. We got 600 basement dwellers
• 22:07
  with us here this morning, right?
• 22:09
  All 600 of us. It's a herd of 10 million and
• 22:12
  there's 650 now of us. We're off to the side.
• 22:17
  We're over in the gold and silver camp.
• 22:18
  We're the black sheep, the herd, those other 6,000,000 right, who
• 22:22
  are just busy eating grass, not thinking about anything,
• 22:25
  watching TV, whatever they're doing.
• 22:28
  They are just now they're they're reading that they're
• 22:30
  starting to wake up again, right when 600 of that her joins us.
• 22:35
  That's twice the amount of money right and new money, new money
• 22:40
  coming into the precious metals. A tiny, I mean itsy bitsy, teeny
• 22:45
  weeny tiny amount of money will have a major.
• 22:48
  You're going to be so happy I don't make any financial
• 22:52
  decisions. I'm not a financial advisor.
• 22:54
  I'm just telling you what I see happening.
• 22:58
  Does that make sense to you? Does this make sense?
• 23:01
  OK, let's talk about what's going on in the because when the
• 23:05
  mining stocks really take off, it's not just going to be a good
• 23:09
  time for the precious metal mining stocks.
• 23:11
  It's going to be a good time for the metals as well because it'll
• 23:15
  bring an overall new level of awareness to the sector.
• 23:19
  Wait till you check this out because we are likely are on the
• 23:22
  verge right now. We're going to look at this
• 23:25
  first, this tweet from Lance Lewis looking at the GDX.
• 23:29
  The GDX is the ETF that tracks the big gold mining companies.
• 23:34
  It's at a new multi year high. Do you see this?
• 23:39
  OK, all right. Now what's even more interesting
• 23:43
  is if we go to this tweet from Oliver Grob.
• 23:46
  OK. All right, thank you.
• 23:51
  OK, guys, we got the 200 thumbs up.
• 23:53
  I'm going to ring the bell. That's what those sheeple are
• 24:02
  hearing right now. And remember, we don't want all
• 24:05
  of them to show up. We only have room for about 1000
• 24:08
  people here in the basement. Let's see if we can get there
• 24:10
  today. This is another view of the GDX,
• 24:14
  but wait till you see this. All right, look over on the
• 24:17
  right, OK? You can see it breaking out.
• 24:20
  This is back in 2011. We're still far from that, but
• 24:24
  it is a multi year breakout. I want to draw a couple lines on
• 24:28
  this chart for you to to to just show you how important this is.
• 24:33
  And again, this will be a big, big deal for the physical metals
• 24:39
  as well. So we're about ready to break
• 24:41
  out above that level and from there it could be a big move.
• 24:45
  But what's even more important, basement dwellers, is this OK?
• 24:51
  One of the most followed, one of the most respective chart
• 24:54
  patterns is called the head and shoulders pattern.
• 24:57
  It looks like this shoulder, head, shoulder, and then the
• 25:05
  price goes down, down, down, OK. It's a sign that a stock, a
• 25:10
  commodity, anything could be going down.
• 25:12
  And this is what they call the neckline.
• 25:15
  OK, There's another one called the inverse head and shoulders.
• 25:19
  It's the same thing. And I see that on this chart for
• 25:23
  the GDX. Let me change colors here.
• 25:27
  I think we'll go with green and OK, here's is the upside down
• 25:36
  inverse head and shoulders. Do you see this?
• 25:39
  Help me out here. I need your help.
• 25:40
  But what I see is the shoulder. This is like a person standing
• 25:45
  on their head, a head and a shoulder, which would mean the
• 25:51
  price goes up and up and up. There's a head and shoulders and
• 25:55
  there's the inverse head and shoulders.
• 25:57
  I think the future is looking very positive for the precious
• 26:03
  mouth. Thank you, John super chat.
• 26:05
  Wow, you guys are being super generous today.
• 26:07
  I appreciate that. The future is looking very
• 26:09
  bright for the mining stocks. Those are the big mining stocks.
• 26:13
  Oh my gosh, if you look at the mid size companies, they've done
• 26:16
  pretty well. But if you go down the food
• 26:18
  chain, OK, and you go down to the development and exploration
• 26:22
  stage companies, it it's unbelievable within the within
• 26:27
  the development stage and the exploration stage companies,
• 26:31
  just the value. I mean, look, I'm not giving
• 26:35
  financial advice, but it's unbelievable what you can get
• 26:39
  for your dollar. I want to, I want to draw some
• 26:42
  attention to that. There's a special sponsor for
• 26:44
  today's video. This will be just a few minutes.
• 26:46
  I want to talk to you about a company called West Mining.
• 26:53
  They are a gold, they're one of these gold exploration
• 26:56
  companies, OK, here's their website, Westmining their
• 27:01
  exploration. They're advancing multi million
• 27:03
  ounce copper and gold projects in Canada, in British Columbia
• 27:09
  and they already have a resource of of gold in the ground.
• 27:13
  I'm going to talk to you about that in a second.
• 27:15
  But right now, the first thing I'm going to draw your attention
• 27:18
  to is that this company offers a really interesting value
• 27:23
  proposition. There's a big disconnect between
• 27:27
  the market cap, the value that the market puts on this company
• 27:30
  and the underlying assets that they have.
• 27:33
  Here's a slide that shows their balance sheet.
• 27:37
  OK, Now this is from April of April 30th of 2024 and this is
• 27:44
  in Canadian dollars, OK? Their total assets as you can
• 27:48
  see circled in red were about 8.6 million Canadian.
• 27:53
  Their total debt was only 322,000 Canadian.
• 27:57
  That means their book value, right, which is the value of
• 28:01
  their assets on their books less the debt, all right, came in at
• 28:05
  about $8.3 million Canadian. That's kind of like a person's
• 28:09
  net worth. You can think about it that way,
• 28:11
  like the value of all your assets that you own, your house,
• 28:14
  your car, whatever less whatever debt you have, that's your your
• 28:17
  net worth. Some people also call this net
• 28:20
  tangible assets, but nonetheless this company has a good number
• 28:25
  of assets and very little debt. Now, if you convert those
• 28:28
  numbers into U.S. dollars, OK, you've got total assets of about
• 28:34
  6.4 million. You have debt of only 240
• 28:38
  thousand U.S. dollars and you come to a book value or net
• 28:43
  tangible assets or or net equity in the company of $6.1 million
• 28:51
  right in this. These assets are mostly made-up
• 28:53
  of their their exploration, their their properties that they
• 28:56
  own. Now where it gets even a little
• 29:00
  more interesting, I'm going to show you how I like to analyze
• 29:03
  companies is if you go out and check their market cap of the
• 29:09
  company. So this was as of the market
• 29:11
  closed yesterday, the stock was trading around 18 cents.
• 29:15
  Remember we're now we're talking U.S. dollars.
• 29:18
  This company has a book value of about 6,000,000 U.S. dollars and
• 29:24
  at 18 cents US, their market cap was only $3,000,000.
• 29:30
  So what that means right, based on the book value and what what
• 29:33
  they're what they have on their balance sheet is that the stock
• 29:37
  is trading at an almost 50% discount to the underlying
• 29:40
  assets. In theory, if this company were
• 29:45
  to cease operations, right? And if they sold those assets
• 29:48
  for the amount that they have them on their books, right, they
• 29:51
  would have about 6,000,000 U.S. dollars.
• 29:55
  That would effectively again, almost double the price of the
• 30:00
  stock. But, but, but you know, it's
• 30:03
  important to remember, right, that the, we're, we're looking
• 30:06
  at data that was from April 30th of 2024.
• 30:10
  And we're looking at a company that also has, like I said, you
• 30:13
  know, part of that six million U.S. dollars in assets is
• 30:16
  represented by real property, real gold that's in the ground
• 30:21
  in Canada. And that's what I want to talk
• 30:22
  about next are their properties because we pull up a a slide for
• 30:29
  you. They have three properties OK
• 30:32
  that are located in Canada. OK.
• 30:35
  Their first two properties, Spanish Mountain West and Junker
• 30:38
  properties are gold and copper oriented properties, but their
• 30:43
  flagship property is called the Keena project that's located
• 30:47
  near Nelson, British Columbia. It also has three adjoining
• 30:51
  properties, Keena Daylight Athabasca, which combined have
• 30:55
  an estimated resource of over 3,000,000 ounces of gold OK and
• 31:01
  all categories. So that's if you include the
• 31:04
  inferred category and the indicate indicated category,
• 31:08
  they have over 3,000,000 ounces of gold in the ground.
• 31:11
  Now theoretically at a $3,000,000 market cap like we
• 31:16
  saw they closed at yesterday, that would mean about in a
• 31:20
  dollar per ounce of gold in the ground.
• 31:24
  Now there's a lot that has to go on to get A to get that gold out
• 31:27
  of the ground, right? A lot of risk mining stocks,
• 31:31
  exploration stocks are risky, right?
• 31:33
  There's no guarantees anything like that.
• 31:35
  But at this point, based on that resource, that's kind of the
• 31:38
  number that we're looking at about a dollar per oz for gold
• 31:43
  in the ground. Again, that's in all categories,
• 31:46
  both the indicated and inferred. OK.
• 31:51
  The Kena projects very interesting, you know they've
• 31:55
  got that that 3 million oz project in the ground, but the
• 31:59
  exploration potential is there as well, OK, It's strategically
• 32:04
  located in an area, OK, that has that has been known for gold
• 32:10
  production, OK, it's called the golden arc now again, right.
• 32:15
  Something else that I find very interesting about this company
• 32:19
  is that this is gold in the ground in Canada.
• 32:24
  Canada is one of the most favorable mining jurisdictions
• 32:27
  in the world. OK.
• 32:30
  So as we look at this and we and we look at this company, it's
• 32:33
  very interesting gold in the ground in Canada.
• 32:36
  But they're also located near a lot of the infrastructure, you
• 32:40
  know, roads, power, water that that that are necessary to
• 32:44
  potentially eventually build a mine.
• 32:47
  Some of these projects are like way the heck up in the middle of
• 32:51
  nowhere. You got to fly helicopters and
• 32:53
  float planes to get to them. This one's located, this Kena
• 32:56
  project is located near a big town.
• 32:59
  And that's something that something that that that we
• 33:02
  definitely want to keep in mind. Here's a chart just to give you
• 33:06
  an example of where they stack up against some of the other big
• 33:10
  biggest gold resources in Canada.
• 33:12
  Here's W mining highlighted in yellow.
• 33:15
  OK, there's the the dollar per oz there to dollar per oz there,
• 33:19
  3.3 million market cap and this is their 3.3 million ounces of
• 33:26
  gold that they have. Again, when you consider all the
• 33:29
  categories, it's a very interesting company, one that
• 33:33
  I'm checking out, one that you might want to check out as well.
• 33:36
  Again, I'm not offering financial advice.
• 33:39
  I'm not a financial planner, but I do like to point out, and I do
• 33:42
  like to point out as well that thanks to sponsors like
• 33:45
  Westmining, I'm able to do live streams like this.
• 33:51
  Something else we want to remember as we look at these
• 33:54
  junior at the whole sector, the whole junior exploration and
• 33:58
  development stage companies within the gold mining arena is
• 34:04
  that guys, the big mining companies, the barracks, the
• 34:07
  Newmont, the big gold mining companies, even the mid tier
• 34:11
  companies, they have not invested in their pipeline.
• 34:14
  Their their, their ability to continue to grow.
• 34:17
  Mining is a depletion business, meaning that every time a big
• 34:21
  mining company pulls an ounce of gold out of the ground, they
• 34:25
  need to find a way to replace that if they want to continue
• 34:27
  operating in the future. These big mining companies over
• 34:32
  the last 10 years were more focused on shoring up their
• 34:34
  balance sheet and they really as a whole have not invested in
• 34:38
  exploration and development. That could mean that companies
• 34:42
  within this exploration and development sector, companies
• 34:45
  like Westmining and other companies that are involved in
• 34:48
  that could be there to fill the bill when the big companies get
• 34:51
  to a point where they're either going to go out and explore on
• 34:54
  their own, which is very expensive, or replace the Oz.
• 34:58
  So thank you to Westmining for sponsoring this live stream.
• 35:02
  If you want to learn more about the company, I'll put a link to
• 35:05
  their website in the description below.
• 35:08
  Now let's get back to the, to the to, to, to the subject at
• 35:13
  hand, guys. Silver and copper, we're hearing
• 35:18
  more and more about this and it's absolutely true.
• 35:22
  Over the last couple months, the silver price has been following
• 35:26
  closely. Copper is silver set to explode?
• 35:29
  And one reason that it could is right now, and we're not hearing
• 35:33
  a lot about this on the mainstream media, but China is
• 35:37
  going absolute bonkers, full throttle.
• 35:41
  They're like, they're like what Jerome Powell and the Federal
• 35:44
  Reserve did during the great financial crisis.
• 35:46
  They are stimulating the Chinese economy like nothing.
• 35:50
  And there is no other factor. Why is that important, you might
• 35:53
  be asking? Because China is a big, massive
• 35:58
  source of demand for copper, but also silver, OK, it's a big deal
• 36:06
  and something that we need to keep an eye on.
• 36:08
  Now also, guess what happened yesterday?
• 36:14
  We had an absolute barrage of Fed speakers.
• 36:18
  And I want to point out that really had very little impact on
• 36:22
  the precious metals markets. the Fed is beginning to loot to lose
• 36:27
  their power over the precious metals markets.
• 36:30
  There were like 25 Fed speakers yesterday, a bit of an
• 36:34
  exaggeration, but I mean there were like six or seven Fed
• 36:37
  speakers yesterday and they didn't really impact the
• 36:42
  precious metals market. What is right?
• 36:45
  And then what's the reason why? The reason why is the US debt
• 36:48
  clock. The reason why is, is BRICS
• 36:51
  right? Oh my gosh, we got crazy.
• 36:54
  I have a crazy news story to share with you about the BRICS
• 36:57
  summit coming up in Russia at the end of October.
• 37:02
  But the Fed is losing its ability to control the world
• 37:06
  economy and the world economy. This is important.
• 37:11
  The world economy is now impacting the precious metals
• 37:15
  markets. The precious metals markets are
• 37:18
  worldwide, baby. And guess what?
• 37:22
  Right now they're putting boots on the warehouse floor.
• 37:25
  Feathers are flying. We are, we are living through
• 37:29
  probably one of the greatest periods of time when it comes to
• 37:33
  change, right? And and, and, and one of the
• 37:36
  greatest periods of time that we could live through as being
• 37:40
  precious metals investors. But it's not just China.
• 37:46
  Guess guess who comes next? And I'll tell you why, right?
• 37:50
  It's not just China. China is blowing out the
• 37:53
  bazooka, you know, money printing stimulus, whatever you
• 37:57
  want to call it. But it's not just China.
• 37:59
  The whole world, right, is going to be next, right?
• 38:04
  The United States, Japan, all of Europe, it's we're going to be
• 38:10
  next. The world has $300 trillion in
• 38:14
  debt. It there's no other way there
• 38:18
  guys. There is no other way.
• 38:20
  And remember the example that we talked about earlier, right?
• 38:24
  This versus this, They can print this wrong one, they can print
• 38:29
  this paper money into oblivion. Imagine this, this $1.00
• 38:36
  suddenly going to 50 a hundred, right?
• 38:39
  They can't print this. We are in for such an
• 38:44
  interesting time in the next 5 to 10 years.
• 38:48
  It is going to be just unbelievably astounding.
• 38:55
  Do you think we're going to hear about a gold backed currency
• 38:59
  from the BRICS summit in Russia at the end of October?
• 39:03
  I'm diving into this very deeply and I'll share with you that I
• 39:08
  believe the odds of that occurring continue to increase.
• 39:13
  What do we know, right? What do we know that's going on
• 39:16
  right now? What are the reasons that might
• 39:18
  indicate to us that this is going on right now?
• 39:20
  Two big things are happening. Number one is you've heard about
• 39:25
  6450 times at this point from me and everybody else, the world
• 39:29
  central banks are buying gold, The bricks central banks are
• 39:35
  buying massive amounts of gold. OK, We get news that like Iran
• 39:40
  bought our Iran sold missiles to our Russia sold missiles.
• 39:45
  I don't know. They're they're they're using
• 39:47
  gold to to buy things amongst each other.
• 39:50
  OK, that's number one. OK, that the the central banks
• 39:54
  are buying the gold, but #2 is that we also know in no
• 39:58
  uncertain terms that all these countries are de dollarizing.
• 40:03
  OK. And we got news from like the
• 40:05
  government, whatever that was, foreign affairs saying it's a
• 40:08
  threat to the United States interest around the world.
• 40:10
  It's a threat that they're not going to use our dollar because
• 40:13
  what we know is these countries are setting up trade
• 40:16
  arrangements that don't include the US dollar.
• 40:20
  The next logical step in this process will be a trade
• 40:25
  settlement. First a trade settlement
• 40:27
  currency that they're saying could be backed 40% by gold and
• 40:31
  then on top of that, the remaining 60% will be backed by
• 40:36
  those countries currencies, but it'll be required that they're
• 40:39
  also backed by some real assets. It is going to be absolutely
• 40:43
  crazy, but it gets it gets even more interesting.
• 40:50
  This is the world we're living in.
• 40:51
  I mean, I I can't even believe that that that we're going to be
• 40:55
  able to report this, but let's go up here and take a look.
• 41:01
  Uh oh, I forgot to pull it up. Oh boy, hold on here, guys.
• 41:05
  I'm going to let you look at me while I pull up this article
• 41:10
  that I just I was shocked when I read this.
• 41:14
  Here we go. All right, it's loading up.
• 41:18
  I can say hello to you. Thank you guys again for being
• 41:21
  here. This is bricks 300 300.
• 41:27
  All right, Hopefully you guys could hear Susie there.
• 41:28
  We got 300 thumbs up. I will ring the gong at the end
• 41:31
  of the show. But wait, wait till you read
• 41:34
  this one. I'm going to have to click
• 41:36
  through some get rid of some ads here.
• 41:42
  The Taliban wants to join the bricks, seeks invitation to
• 41:47
  Russia's upcoming summit. Wow.
• 41:51
  OK, one of the massive drivers for the silver price and gold
• 41:56
  price is geopolitical uncertainty.
• 41:58
  When one of our when one of our biggest enemies, the bricks.
• 42:03
  OK, Brazil, Russia, India, China, South Africa.
• 42:09
  OK, we're not really necessarily enemies with them, but but what
• 42:14
  about Iran? OK, we know that that the
• 42:17
  biggest driver of silver and gold over over the Millennium
• 42:23
  guys, is geopolitical is uncertainty.
• 42:26
  Geopolitical uncertainty because gold is the universal store of
• 42:29
  wealth. It's the way it's an insurance
• 42:31
  policy. Everyone say it.
• 42:32
  Now we get news that the Taliban is wanting to join bricks.
• 42:37
  It doesn't get any any more severe than this.
• 42:42
  OK, OK here. Despite not being formally
• 42:47
  recognized by any country, the Taliban government of
• 42:50
  Afghanistan is now seeking to join the BRICS Economic Forum.
• 42:55
  OK Countries with major resources and the world's
• 42:59
  biggest economies are associated with the BRICS forum.
• 43:04
  The world's biggest economies and major resources, especially
• 43:08
  Russia, India and China, the Taliban government deputy
• 43:11
  spokesman Abdullah Philrat said. Currently we have good economic
• 43:17
  ties and commercial exchanges with them.
• 43:20
  We are keen to expand our relations and participate in the
• 43:25
  Economic Forum of the bricks. The world is bifurcating guys
• 43:31
  that that is a scary picture right there.
• 43:34
  Those guys all have guns anyway. The Taliban government has not
• 43:41
  for has not been formally recognized.
• 43:43
  China, Russia have come close given they both have hosted
• 43:47
  delegations in the past. So this is just indicative to us
• 43:51
  how much change is going on in our world right now that look,
• 43:57
  look, it's the West versus the East, OK?
• 44:01
  It's it's, it's the dollar versus gold.
• 44:07
  There's no other way to sum it up at this point, OK?
• 44:10
  They're independent fights, no doubt about it.
• 44:13
  But it's the West versus the East.
• 44:15
  And you've got this bricks organization.
• 44:17
  Let's not forget, all right, China, India, 1.4 billion people
• 44:23
  each. Brazil, OK, Iran, it's
• 44:30
  unbelievable. South Africa, I mean, it's
• 44:33
  unbelievable what is going on right now.
• 44:37
  The world is truly splitting in two.
• 44:40
  There's no other way to describe it.
• 44:42
  And the world is, is feels like help me out here.
• 44:47
  Look, I don't I, but it feels like the world is also making a
• 44:51
  decision between between the dollar and gold.
• 44:56
  And then when we look at the dollar, I mean, why did they do
• 44:59
  this to us? I'm I'm going to tear up.
• 45:02
  Why did they do this to us? I was born in 1970.
• 45:05
  We were on the gold standard. Everything was great.
• 45:08
  And why did they do this to us? Why did they they just go into
• 45:12
  this this this Fiat paper make believe money system that is now
• 45:18
  dug the United States and not just the United States guys,
• 45:21
  it's all the Western countries, Japan, which is what like the
• 45:25
  third biggest economy in the world?
• 45:26
  I mean, we are in, we are in. Think about, think of it like
• 45:32
  this, the gold that the United States supposedly, and we'll
• 45:37
  just go with it that it's there, although we're not allowed to
• 45:40
  see it, but the 8000 metric tons that we have, those are like the
• 45:44
  family jewels, OK, But the United States as a whole, and I
• 45:49
  love this country. Don't forget, OK, I bought a
• 45:52
  self waving American flag. I think I got another one right
• 45:56
  up there. I love this country.
• 45:58
  Gold, our gold, our silver 2. Those are the family jewels.
• 46:03
  But the reality is we got a big family emergency on our hand
• 46:09
  right now, OK? We got big problems to confront
• 46:13
  and deal with at a time. Think about, I mean, think about
• 46:17
  the this, the financial situation that we're in right
• 46:20
  now. Can I still pull it up?
• 46:21
  I got to pull it up. I'm sorry.
• 46:23
  That's becoming a regular, making a regular appearance on
• 46:26
  our show. Look at this, OK, $35 trillion,
• 46:32
  four, 100 billion, a billion dollars in interest expense.
• 46:37
  I want, does this make sense? Because this interest expense
• 46:43
  that we're paying a trillion dollars a year, OK, that's
• 46:48
  coming out of your pocket. That's coming out of my pocket.
• 46:51
  It's coming out of our tax money.
• 46:53
  Guess what we get in return for that?
• 46:55
  Nothing that goes right to bondholders, okay, unless you
• 47:00
  own a bunch of U.S. Treasury bonds, whatever, but
• 47:02
  essentially that is going nowhere.
• 47:05
  You know where that goes. That goes right here into the US
• 47:09
  federal to the budget deficit. That makes the deficit bigger by
• 47:13
  a trillion dollars, which then makes the US national debt
• 47:17
  bigger by a trillion dollars, which then makes the interest
• 47:20
  expense bigger in the coming years, OK, which then makes the
• 47:25
  deficit get bigger, bigger, bigger, which makes the debt get
• 47:29
  bigger. It's a debt spiral and it does
• 47:32
  not end well. It does not end well for our
• 47:37
  country, right? It could end well.
• 47:39
  It could end well for you if you own silver and gold.
• 47:43
  Remember, we are in a final match between the dollar and
• 47:48
  gold and silver. There's really no other way to
• 47:50
  talk about it. All right, guys, let me ring the
• 47:52
  gong. Hey, basement dwellers.
• 47:54
  Thank you for being here, right? Thank you for all the.
• 47:56
  I forgot to pull up one of the Super chats.
• 47:58
  I think it was the first one. I'll pull them up here.
• 48:00
  We got our friend Silver Sparky ratio of physical silver versus
• 48:06
  mining companies. So, yeah, this physical silver,
• 48:11
  gold is silver is being mined right now at a 7 to one ratio is
• 48:17
  the latest number that I heard another unbelievable
• 48:22
  flabbergasting demonstration of just how undervalued silver is.
• 48:28
  Even if you figure a 12:50 ratio, meaning for each ounce of
• 48:32
  gold that's being mined right now, right as we speak, right,
• 48:36
  People are putting in massive amounts of energy to dig this
• 48:41
  stuff up, OK? Massive, massive amounts.
• 48:45
  OK, for each ten of these, there's there's one ounce of
• 48:50
  gold or for each one ounce of gold, there's only ten of these
• 48:53
  in theory. And on top of that, what makes
• 48:56
  it even more startling and rattling is the fact that that
• 49:02
  for the ten of these that are, that are being created for each
• 49:05
  one ounce of gold, most of them are being consumed, likely to
• 49:11
  never be seen again for decades. Of the ten of these that are
• 49:14
  being that are being mined right now, what is it?
• 49:17
  2 of them are going to go to the solar panel industry.
• 49:20
  And guess what? They're gone for 20 years.
• 49:24
  They're they're sitting in those solar panels.
• 49:26
  Next time you drive down the road and man, tomorrow,
• 49:30
  unbelievable. There's a unbelievable, and I
• 49:34
  might believe it was my friend Mark sent me this unbelievable
• 49:38
  solar project. Not in China, not in India.
• 49:41
  We know they're already doing them.
• 49:43
  No, this one's in Australia and it's going to blow you away.
• 49:46
  But for each ten of these that are being mined every year, for
• 49:50
  each one ounce of gold, two of them alone are going into solar
• 49:53
  panels and they're gone for 20 years.
• 49:55
  Think about it. Pretty soon, right, one or two
• 49:58
  of them are going to be getting eaten up by Samsung.
• 50:01
  Yeah, because they've got this new solid-state battery that's
• 50:04
  like a zillion times better than what they're doing now for
• 50:07
  electric cars. Oh, and by the way, those
• 50:09
  solid-state batteries, right, They'll probably actually have
• 50:13
  those, maybe at houses as well. It's unbelievable what's going
• 50:18
  on. Thank you, Silver Sparky.
• 50:20
  Thank you Dan W Thank you my friend, and thank you again,
• 50:26
  John Goldsworthy. Hey guys, I want to mention
• 50:29
  channel sponsor. We need to do an update.
• 50:32
  I got a feeling this may not be good, so everybody take a deep
• 50:35
  breath with me. It's OK.
• 50:38
  We aren't going to go straight up every day here.
• 50:42
  We have that experience. Like I can preach this to you,
• 50:45
  but I can't do it myself. We may have red silver.
• 50:48
  We're going to press the Pendeks magic button and we do.
• 50:52
  I had a feeling. OK, so we're down 12 cents.
• 50:54
  Oh my gosh, $31.91 gold, down $13 per oz.
• 51:00
  I want to say thank you to channel sponsor Pembex.
• 51:03
  You know, I've worked with them personally for over a year.
• 51:06
  I trust them. They have great selection, great
• 51:10
  customer service, and great prices.
• 51:14
  At the end of the day, you want to make sure you're getting good
• 51:17
  solid gold, silver, platinum, group metals.
• 51:21
  When you buy from an online bullion dealer, you want to work
• 51:24
  with a company you can trust. First and foremost, I trust
• 51:27
  Pembex. But as a little added bonus, I
• 51:30
  always know right that when I get my package in the mail, it
• 51:33
  always seems to weigh an ounce or two more.
• 51:35
  Because I know that by buying through PMBEX I can always get a
• 51:39
  couple extra oz with all the money I saved by the compared to
• 51:43
  the other big online Olean dealers.
• 51:46
  Thank you PMBEX for sponsoring Ron's basement.
• 51:49
  Let's ring the golden gong guys. We got 800 people.
• 51:53
  That's the limit. No more.
• 51:56
  No more. Everybody else is waiting in
• 51:59
  line upstairs. Susie locked the door.
• 52:03
  This is for you, basement dwellers.
• 52:05
  Happy Friday. All right, guys, have a great
• 52:17
  day. Thank you for being here.
• 52:19
  OK. And I will see you this weekend.
• 52:23
  OK, Take it easy.