Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ✅ SPECIAL REPORT! - SILVER Just had a Big SHIFT... Gold & Precious Metals

Transcript

✅ SPECIAL REPORT! - SILVER Just had a Big SHIFT... Gold & Precious Metals · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
Are you ready for higher gold and silver prices?
0:03
Well, we've got all kinds of great information to look at
0:07
today. And I think when we get to the
0:09
end, you're going to agree with me.
0:11
The future looks unbelievably bright for silver and gold.
0:15
But the brightest thing we got going right now is that you're
0:18
down here in the basement with me.
0:20
We are the basement dwellers. We believe in the future of
0:25
silver and gold because we understand history and basic
0:30
mathematics. Today in our show together,
0:32
we're going to cover some great things.
0:34
America is not going to be able to deal with the upcoming
0:39
shortage of silver and gold. Wait till you hear these stats.
0:43
Michael Gentilly talks about what I think is the number one
0:47
sleeper massive factor for both gold and silver.
0:51
Wait till you hear what he has to say.
0:53
Asia, right? Taking over.
0:55
It's not just about America. I know, I understand.
0:57
I live in America. Hey, today's holiday weekend,
1:00
happy Memorial Day, all that great stuff.
1:02
We love America. America, right?
1:05
But guys, the reality is gold and silver are worldwide assets
1:10
and what is happening in Asia is important.
1:13
And on top of that, we're going to talk about $200 silver.
1:17
How you like that that those apples?
1:19
Did your mom used to say that to you?
1:21
My mom did. How about $45,000 gold or even
1:25
higher? Those are low estimates.
1:26
Let's get started right now. How do you stack up?
1:29
Alright, let's start with something kind of fun, but
1:31
interesting. If your entire net worth working
1:36
were were converted into silver, how would you stack up against
1:40
the average person in the United States?
1:43
My friend, Bald guy money. I love bald guy.
1:46
We'll come back to that in a second.
1:48
We got some good news. We got the silver markets open,
1:51
but ball guy money good friend like the best fastest growing
1:56
gold and silver YouTube channel put this out on X and I thought
2:00
it was great. Median net worth for Americans
2:03
by age group. So there's, you know, a thing
2:06
down here like if you are my age group, 55 to 64, the median,
2:12
which is like the exact middle, not the average, but the exact
2:16
middle is what, 364,000? But but how many silver oz would
2:23
that be? He, I thought it was fun that he
2:25
did this. OK, if you're 75 or older,
2:29
there's gold. The first number's gold.
2:31
The second number is silver. Your net worth would be 4500
2:36
ounces of silver, 65 to 74, 5500, my age group, right?
2:43
If my entire net worth were converted to silver and I was
2:47
the absolute middle person, it would be about 4850 ounces of
2:53
silver. How do you stack up?
2:55
And if you're younger, right, what, 45 to 50, four 3300 ounces
3:01
of silver and 35 to 40 four 1800 ounces of silver.
3:07
And finally, if you're under 35, your net worth, the middle
3:11
person out of everybody. That means if there's eleven
3:14
people, it would be #6 there's a difference in statistics between
3:19
average and median. This is median.
3:22
Median means exactly in the middle.
3:25
So if there's eleven people, the median person would be the 6th
3:29
person. There'd be 5 people below him,
3:31
five people above him. And so that's where we would
3:35
stack up. Now let's go out and take a look
3:38
at the silver price. Let's go out to Kitco and see
3:42
what's happening because surprise, surprise, surprise, it
3:45
may be a holiday weekend, but the markets are open and silver
3:49
is up what, $1.90 per oz? It's 77 in the spot market,
3:55
$77.30 per oz. In the futures market, it's even
4:00
higher as we have returned to a state of contango $77.75.
4:09
Right. Let's make sure.
4:11
Hold on. Yep.
4:13
Yeah. So not, not as, not as much as
4:16
it was earlier, but the futures price is higher than the
4:19
current. I'm sorry.
4:21
Yeah, the futures price is higher than the current spot
4:24
price. So that means we are back in
4:27
what is a natural state of contango.
4:29
We'll keep an eye on that now, next thing.
4:31
It's created a big star, a big key point that really turned on
4:35
a light bulb for a lot of people and I'm going to share it with
4:38
you again right now. We talked about this two days
4:41
ago here on the show, right? When we buy silver gold, why do
4:45
you buy it? Why would I buy silver gold?
4:47
Why would I buy even precious metals mining stocks?
4:51
Because I want to be my own central bank.
4:54
Am I going to trust the central bank or new, what's his name?
4:58
Wash used to be a Powell. And you know, anyway, you know
5:03
what I'm saying, Are we going to trust the central bank?
5:05
No, the central bank since 1913, right, has basically stolen from
5:10
the American citizenry. Andrew Jackson, Thomas
5:13
Jefferson, those guys hated central banks.
5:16
What about the government? Think about the three, the three
5:19
big components. You get the central banks #1 #2
5:23
you have our government. Are you going to trust the
5:25
government to foster a strong dollar, to foster of your
5:30
savings that are in U.S. dollars?
5:32
No, unfortunately, I don't like it.
5:34
It's a bad number. We're going to watch something
5:36
tomorrow that talks about how somebody who talked with
5:40
Volcker, who's the guy that did the big interest rate thing
5:43
during the 8:00 during the 80s, seventies, late 70s, eighties.
5:46
He was like, he was shocked that Nixon took us off the gold
5:50
standard, but that we didn't go back immediately on to the gold
5:53
standard. Anyway.
5:54
We're not going to trust the central banks.
5:56
We're not going to trust the government.
5:57
And what about Wall Street? Are we going to trust Wall
5:59
Street? Heck no, right?
6:02
They've blown bubbles after bubble.
6:04
The mortgage-backed security bubble of O8, the tech bubble,
6:08
the current AI bubble. What about the what about the
6:12
private credit thing that was going on?
6:14
That all disappeared, right? I mean, anyway, like we aren't
6:17
going to trust Wall Street. Those are the three, the three
6:20
legs to the stool that really create the quote UN quote value
6:25
in the US dollar, the Fed, the government and Wall Street,
6:29
right. And I understand it's a little
6:31
shocking for a lot of us. I don't like it either.
6:33
But the reality is, I think the big key take away is that silver
6:38
and gold, like the founding fathers of the United States on
6:42
this holiday weekend, for those of you joining me in the United
6:44
States, put into the Constitution, silver and gold
6:48
allow us to act as our own central banks.
6:51
Now, I'm not a financial advisor.
6:52
Listen to me, listen to other people, listen to yourself.
6:56
But I think that's an awesome thing.
6:57
OK, now let's talk about the price of gold in the shift.
7:01
OK, I call it the shift, but this comes from Jesse Colombo.
7:05
I wrote this down. He really truly is one of the
7:08
most in depth and comprehensive analyst out there.
7:12
He's got the biggest sub stack for gold and silver and he talks
7:16
about something very fun and interesting for the gold price
7:20
and it also applies to the silver price.
7:23
This came out over the weekend. Here he is right here.
7:27
Jesse Colombo, the bubble bubble report is the name of the sub
7:32
stack. He says metals and miners market
7:36
update. This is where it gets
7:37
interesting. Precious metals and mining
7:40
stocks are once again oversold while still in an uptrend, a
7:46
combination that often precedes rebounds.
7:50
We're going to look at the chart here in a second but one more
7:52
paragraph. Volatility in the precious
7:55
metals complex continues to subside and oversold conditions
7:59
have returned, reflecting the ongoing process of flushing out
8:05
the bullish sentiment in speculative positioning that
8:09
built up last year. Me interject something really
8:12
quickly. I know it feels like when the
8:14
sentiment gets in, it's been guys, it's been hard for the
8:17
last what, 8 weeks? In particular in the precious
8:21
metal sector, the sentiment has gotten very negative.
8:24
It's almost not quite on the basement floor, but pretty low.
8:27
And I know that seems bad, bad, bad, but that's actually what
8:32
needs to happen for a big rebound to occur.
8:35
OK. He says this is ultimately
8:38
setting the stage for the continuation of the long term
8:42
bull market because like he says, we are still in a definite
8:46
uptrend. Now let's go down and take a
8:51
look at his chart. OK, this is the gold price.
8:55
And as you can see, right, we still have.
8:58
Let's get out of this made it smaller.
9:00
We still have the 200 day moving average, right, supporting
9:06
everything in the gold price going all the way back to
9:11
October of last year. But what's really interesting,
9:15
right, and that's good. That's like the foundation of
9:17
what's going on is that we are in, as you can see, oversold.
9:22
I'm going to circle these three times when we got into oversold
9:26
territory. Now remove the circles.
9:29
We are definitely right now back in oversold territory.
9:33
That's what the Williams percentage are.
9:36
It's a momentum oscillator that kind of that shows relative
9:40
strength and the price of gold or whatever it's measuring.
9:43
But as we can see, right, the last time we were in that state
9:49
of being oversold, we had a rebound.
9:52
As we can also see, the last time we were in that state, we
9:55
had a little rebound. Here we are again.
9:58
And according to what we're seeing in the in the markets
10:02
that just opened, hey, maybe this is the week now.
10:06
Let's read this last paragraph here, He said.
10:09
In my recent tech updates, I've also highlighted gold support
10:13
zone between 4300 and 4600, which formed a key peak and
10:18
Lowe's over the past eight months.
10:20
Ideally, I'd like to see gold hold above that zone and rebound
10:24
from there. And the near oversold conditions
10:28
increase the likelihood of that outcome.
10:31
And there's that chart right there again, the gold price and
10:34
you can see in light blue, right?
10:36
That's the support zone. So, so think about what what
10:40
he's telling us right now. OK, Number one, we have long
10:44
term support for gold with the 200 day moving average, which is
10:48
bullish #2 we are an oversold. That's an oscillator.
10:51
That means it goes up and down, up and down.
10:54
We are oversold, which could lead us to a big rebound.
10:57
And we are still really in the upper ranges of a massive,
11:02
massive support zone. Now guess what, boys and girls?
11:06
The good thing is, I can tell you from looking at the silver
11:09
charts as well, the same thing is essentially true with silver.
11:13
And we know that silver has been just like hanging out in this
11:18
like 73 to let's say $83 range for a long, long time.
11:24
We've looked at that chart a zillion times.
11:26
Some people call it a wedge pattern, some people call it a
11:29
triangle pattern. We call it a sideways pyramid.
11:32
Whatever, right? Like the same thing is also true
11:35
to right now for the silver price.
11:38
And if you want to get your hands on some silver, check out
11:41
right there, number one, right where my finger is.
11:44
First Mint channel sponsor, the silver specialist Mint, the
11:49
freshest silver in town because they're owned by First Majestic
11:55
Silver. Keith Newmeyer's big Silver
11:57
mining company, who mines the silver in Mexico, sends it to
12:02
1st Mint in Las Vegas, NV here in the United States.
12:06
And then it goes directly to your door.
12:09
Here's their Liberty Bar. Hey, it's AUSA Holiday, Check
12:12
that out. I mean, isn't that thing nothing
12:15
like a one ounce silver bar? It's absolutely beautiful.
12:19
And on the other side, all right, you've got the first Mint
12:22
logo at 1 Troy oz. Nothing like holding an ounce.
12:27
Yeah, holding. Look at that shiny, huh?
12:30
An ounce of silver in your hand. You can check them out here at
12:33
their website, firstmint.com. And there's a discount code
12:39
special for us VIP, like very important person RB, like Ron's
12:45
basement, there's the hail to the chief, you're the dragon.
12:48
There's the Liberty bar, which is actually on sale right now,
12:51
$2 off. So check them out.
12:53
Make sure you use the discount code.
12:55
You can go to store they got, they have bars, rounds, they
12:58
even personalized silver. Great company, great customer
13:02
service, great selection, great everything.
13:05
And the most important thing is the feedback from you.
13:08
Yeah, you. The basement dweller community
13:10
has been exclusively positive. Really a true premium retail
13:16
silver buying experience. How about 200?
13:19
Wait, let's go back. What do you say, basement
13:23
dwellers? How about $200 silver?
13:25
Let's go check on our friend Rashad.
13:27
He's at it again today. He says from October of 2025 to
13:32
January of this year, silver gained 167% in three months.
13:37
If silver starts a fresh cycle next week and produces that same
13:43
167% again, it would reach 202 dollars by late summer.
13:49
However, the final parabolic runs usually produce larger
13:54
gains in a shorter, so bigger gains in a shorter period of
13:58
time. Hence, $200 silver is a
14:01
conservative price target. I love you, Rashad.
14:05
Rashad is our is our basement optimist.
14:09
OK, he's saying $200.00, but it could actually happen sooner and
14:14
even go higher. And here, as you can see on his
14:17
chart, there's what he's talking about, right?
14:20
The 45 to 121. And if we overlay that to where
14:25
we are now that we could be and he thinks that we're going to
14:27
get to $200 silver. Hey, we have Michael Oliver.
14:31
Nope, I am going to show it. Hold on.
14:35
Thank you, Susie. There we go upstairs, Susie
14:38
saves the day. There's the chart and real
14:41
quickly I will show you again, there's that 45 to 120, the 167%
14:47
move and he's overlaying that here as well, 167 and 167.
14:54
And again, Rashad is our basement resident, basement
14:59
eternal optimist. And hey, you know what, let's
15:03
let's not argue with him. But yeah, we'll have something
15:06
fun here because it's a holiday. This is silver trade.
15:12
It says me explaining to my wife, to my wife why 100% of our
15:17
net worth is in this invested in junior silver mining stocks.
15:23
Susie and I went through this as well.
15:24
So this guy apparently is explaining to his wife why he
15:27
has all of his money in silver. Yeah.
15:30
And that he's explaining. Yeah.
15:33
And she's getting ready to react.
15:35
I think. Up there.
15:36
Up yet? What?
15:40
What? Yeah, OK.
15:43
That maybe that feels familiar to you as well.
15:47
How about $45,000 gold? We're going to go there next.
15:50
First, I do want to say thank you to channel sponsor First
15:54
mining gold, right? They have millions of Oz of gold
15:58
in the ground in Canada. They're a development stage
16:01
company with two huge projects, Spring Pole in Ontario and
16:05
Duparque located in Quebec and they have interest in other gold
16:10
projects in Canada. Data is well, you can learn more
16:13
about them at firstmininggold.com.
16:16
It's a stock I own and Full disclosure, but I owned it long
16:19
before they sponsored Ron's basement.
16:23
Always remember, I'm not a financial advisor.
16:25
Do your own research, all that good stuff.
16:28
But let's talk about $45,000 gold.
16:31
Let's go there right now and get that pulled up for us.
16:36
Yes, how, why Northstar charts, right?
16:39
The one of the top chart is down there says gold versus the stock
16:43
market. Can this continue to reflect the
16:47
1960s and 70s? This is interesting as closely
16:52
as it has for the last 13 years. So if you pull this chart up,
16:57
OK, what he's talking about is gold over here on the left,
17:03
right, we have gold versus the S&P 500 in the 60s and 70s.
17:09
That's this red line. I won't draw it over, but it's
17:12
that red line, OK, over there. Now he overlays that to where we
17:17
are. He said this particular piece of
17:20
evidence suggests that the CRE is likely to occur late this
17:24
year. If the red support line fails,
17:27
it gets pushed further out. But he takes this exact same red
17:31
section over here here, which compares gold, the gold price to
17:35
the S&P 500 and overlays it over here.
17:39
Now, what's interesting, right, is that this is where we are
17:43
right now. This part here, OK, Is this part
17:49
here, right? It's the exact same thing.
17:51
He just moved it from there to over there.
17:54
But what's interesting is that right now this ratio sits at, I
18:00
checked it right before we came on .61.
18:06
That means that for each ounce of gold that you have, if you
18:10
divide that the price of gold 4500 by the S&P 500, about 7400,
18:16
each ounce of gold will get you about a little over 1/2 of a
18:21
unit of the S&P 500. Guys, it went as high as seven,
18:26
OK, more than 10X right here. This isn't fantasy, that's
18:31
reality. If that were to continue right
18:34
and and gold would go gold in the S&P 500 were to stay where
18:38
it were, the price of gold would have to be like somewhere in the
18:42
actually in the 50 thousands to make that ratio match where it
18:47
was right there. Again, these are real numbers
18:50
from the real world, not a guarantee that could happen.
18:53
But but based upon what's happened in the past, we aren't
18:57
talking about I mean, it could it could go higher if I was
19:00
sitting down here saying, oh, it could go twice as high.
19:03
I mean, I don't I won't even say what the number would be for
19:06
gold right now. Of course the S&P 500 could drop
19:10
a little bit. Still, what we're talking about
19:12
is that on a historic basis, when you compare the the value
19:15
of gold and silver to the S&P 500, OK, it is at very
19:21
historically low levels. And isn't it true, right, that
19:26
like, you know, a gold's been around for a few thousand more
19:29
years than the S&P 500, but that's OK because America will
19:33
be able to mine its way out of this, produce all kinds of gold
19:37
and silver. Wrong, wrong, wrong.
19:39
Let's take a look at what the data tells us about the amount
19:43
of of actual silver and gold ore being produced by the United
19:49
States. We go to Metals and Miners and
19:51
they put out some incredible information.
19:54
This is their sub stack as well. Metals and miners.
19:57
America can't mine its way out of this.
20:01
US gold and silver mining has lost 60% of its output since the
20:07
1990s. While the world is demanding
20:11
more hard assets than ever before and the repricing is
20:16
coming. I mean, this is from data from
20:19
the Federal Reserve that shows industrial production, mining of
20:24
gold ore and silver ore. And this starts back in.
20:29
Let's see if that makes it bigger.
20:30
It does on the lower left corner 19.
20:34
That's 1998. Wow, went from what 18190 all
20:40
the way down to basically 60 on that chart.
20:44
Now let's talk about just a few more things.
20:48
According to the Feds own Industrial Production Index, the
20:52
volume of gold and silver ores dropped by 60%.
20:54
This is not a temporary cyclical dip, it's a terminal secular
20:59
decline in domestic production capacity.
21:02
This collapse in physical output is occurring at the exact moment
21:07
when these metals are becoming the foundational bedrock of the
21:12
new global financial system. Demand is going up in the United
21:17
States is producing a fraction of what it did just, what, 30
21:22
years ago? But wait, there's war.
21:25
This does make the miners more valuable, but it's not getting
21:29
better because of two key things, right?
21:32
The future supply, the pipeline of new projects coming on board,
21:37
OK. There has been little investment
21:39
in the gold and silver mining sector over the last 40 years.
21:44
Why? Because the price has been
21:46
suppressed, manipulated lower. It's been proven right, $1.2
21:51
billion in fines paid, however you want to say it.
21:54
But there's been very little invested.
21:56
And when you see the statistics that show new gold and silver
22:00
discoveries in the world, but in particular in the United States,
22:04
it's been down, down, down, OK #2 now that the mining companies
22:09
are indeed making tons of money, they're still, on a net basis,
22:15
not really investing in their pipelines.
22:17
Instead, what they're doing, they're paying off debt.
22:21
What else are they doing? They're doing buybacks.
22:24
They're all buying back their stock instead of investing and
22:27
drilling for more silver or drilling for more gold, which
22:31
there is some of that going on, but they're also buying back
22:36
massive amounts of stock. And I got to remember all three
22:40
of these. They're also, instead of
22:44
investing that money into the ground, into the future of their
22:46
pipeline, they're paying dividends, right?
22:49
That's the big thing. It's like the the gold and
22:51
silver mining sector is all this cash they're generating is going
22:55
to dividends, paying off debt. And what was the other thing?
22:59
Buybacks, Think about it, OK, there's not going to be like a
23:03
big and then it even if they are investing in the future of their
23:09
pipeline, it's going to take like 10-15 years, right from the
23:13
time they find something with the drill bit to the time that
23:16
they're able to actually put a new mine into production, the
23:20
future looks bright. That's why I got some great
23:23
knowledge for you from the all time best book ever written
23:26
about investing. We're going to go just a tiny
23:29
bit off track, but this does relate to gold and silver
23:32
because it can be a real test of our patience, right?
23:36
And a lot of us have already been patient and we've had a
23:38
great run. Don't get me wrong.
23:40
Very grateful for what's happened in the gold and silver
23:43
and mining sector. Don't forget, my friends, one
23:46
year ago, the price of silver was like $3435 per oz.
23:50
Think about where we are now. But it still takes patience.
23:53
Jesse Livermore was a famous trader in the most famous book
23:58
ever written about trading. He gave the best advice that
24:02
everybody who's a professional trader knows.
24:05
And we need to remember at Manico 64 shared this to
24:09
investors in precious metals. At the moment, it's not enough
24:13
to be right. You also have to sit tight.
24:17
You'd this guy, there's was a book written about him called
24:19
Reminisces of a Stock Operator. If you haven't read it, read it
24:23
was written like 100 years ago, but it's considered to be like
24:26
the one of the foundational books about trading.
24:28
But it does apply to the silver and gold sector right now,
24:32
right? Like #1 you got to be right,
24:34
which I think we're right. OK.
24:36
But then you also have to have the patience to sit tight,
24:41
right? To not not to be impatient.
24:43
So remember that, all right, Don't let your emotions get the
24:48
best of you. I'm not giving financial advice,
24:51
but but all what I can't give this advice.
24:54
I know it to be a fact. Sometimes the silver market in
24:57
particular, right? We've been through the mill
25:00
several times. Think about having in January.
25:02
It can be very emotional, right? And I'm an emotional guy.
25:06
I'm a little bit of a sensitive Sally, you got to never make
25:11
decisions based on emotion. Trust me.
25:14
Almost always right. It will come back to bite you in
25:17
your your rear. OK, now there's one thing that's
25:22
going to be massive and, and very few people, I hear Vince
25:25
Lancey talk about it. I hear some of the smartest
25:28
people talk about and recognize, and that is the tokenization of
25:32
gold, not digital gold, tokenized gold where a company
25:36
buys massive amounts of gold, has it in a vault silver also
25:40
and tokenizes it. Look, it's not that much
25:43
different if you own stock and you've got it in like a Fidelity
25:47
or a Vanguard investment account, OK?
25:49
You don't actually have the physical certificates.
25:52
Very I don't think you can even do that anymore.
25:54
And almost nobody did did it over the last 20 years, right?
25:57
Like you got it, you look at it on your phone and you believe
26:01
and trust that Vanguard infidelity have those stock
26:04
certificates, that they're that they're holding them for you,
26:07
that they're on a register somewhere, alright, but it
26:10
exists. And that's almost the exact same
26:12
thing we're talking about with tokenized gold and silver.
26:15
These companies are buying massive amounts of gold and
26:17
silver, putting them in vaults, right?
26:20
In the case of Tether, it's in Switzerland and storing it and
26:24
then tokenizing it so that you can buy it and own it and it's,
26:28
there's so many benefits. You can bring it with you
26:30
anywhere you want. The the cost to buy and sell it
26:34
are a fraction. OK.
26:36
And I'm not, I'm not against if you don't hold it, you don't own
26:40
it anything like that. But what I'm saying is this is
26:43
growing like crazy, whether you like it or not.
26:46
That's fine. I'm not going to argue that
26:48
point, OK, This is not a not not crypto, not digital gold.
26:52
This is tokenized real world asset and it's going to be huge
26:57
with people all around the world, OK, all around the world.
27:01
And it is already becoming huge. And Michael Gentilly, who is the
27:05
smartest guy out there in my opinion right now in the gold
27:10
and silver sector. I'm we're going to watch a
27:12
little video where he talks about what he thinks about
27:16
what's going on with the tokenization of gold and silver
27:20
right now. If you don't follow Michael
27:22
Gentilly, I would highly recommend you do.
27:25
This came out as part of a Saturday morning e-mail that he
27:28
puts out and let's get him up on screen.
27:31
That's Michael right there. Let me see if I can get this on
27:35
full screen for you. Maybe I can't.
27:38
All right, we'll just hit play. I think what Tether is doing is
27:42
massively important for the gold market.
27:45
OK, he just said I'll and then I'll shut up.
27:47
I promise. He said.
27:48
I think what Tether, right? That's the company that's
27:51
tokenizing gold. They bought more gold than
27:55
anybody over the last six months except for central banks.
28:00
Now bear that in mind and I'll start it over and I will not
28:04
talk. Here we go.
28:05
I. Think what Tether is doing is
28:07
massively important for the gold market and why is that is
28:11
everyone's talked about doing this for the last 30 years,
28:13
World Gold Council, governments, Tether has over 500 million
28:18
users. They have distribution in every
28:22
single country in the world. I think they have 180 billion in
28:25
assets in the US dollar stable coin products.
28:28
So what Tether has created is the distribution network to
28:34
allow gold to be monetized as a currency anywhere in the world.
28:39
If you're working in a mine in Mali and you want to convert
28:43
your paycheck into gold, you can do that the next day by using
28:46
Tether. And who's one of the biggest
28:48
physical gold buyers in the world today?
28:51
It's Tether, right? They are, they are pre buying,
28:54
they're buying royalty companies.
28:55
They're one of the biggest buyers in physical gold.
28:57
They are. They're rapidly building out
28:59
their supply of gold and the only reason why they're not
29:02
rolling out Tether gold faster is because they're afraid that
29:06
they don't have enough physical goals to meet the demand.
29:09
So that's why you see them being so aggressive on acquiring gold
29:12
or gold like assets, like royalty companies, so they can
29:14
convert to gold and hedge themselves against it.
29:17
The other amazing things about tech and cell phones and just
29:20
global ubiquitous use of technology is if Tether creates
29:23
the pathways or creates the business model they want to
29:26
leverage. If I own gold on my phone,
29:28
another part of the problem about gold is that they can't
29:31
create interest. You can't.
29:32
I mentioned my note today, right?
29:33
Bonds. When bond yields go up, gold
29:35
goes down because you can't generate yield off of gold.
29:37
You can hold gold and tether. And they're creating platforms
29:41
where if I want to lend my gold out to a central bank or to
29:44
Coca-Cola or everybody else, that I can earn a yield on my
29:47
gold. And based based on the
29:48
counterparty, I can earn 2% of I lend to a central bank and 12%
29:52
of I lend to Zara because it's riskier, right?
29:54
And so you're also monetizing gold, allowing to earn a coupon.
29:58
So what they're doing with tech and gold could do what people
30:02
like Paul and I have been dreaming about for 30 years is
30:04
making gold liquid and transferable and earning A yield
30:08
and and you can pay your workers in it and makes it fungible in a
30:10
way that's never been before. Wow, guys.
30:12
OK, it's real and it is happening right now.
30:17
Like he said, think about, think about what he said.
30:21
There we go. Tether has 500 million users
30:24
around the world and growing rapidly.
30:27
Tether, not only are they buying physical gold, but I forgot to
30:30
mention as well, they're buying, they're investing in gold mines,
30:33
gold royalty companies. This is real.
30:35
This is, this will be the story five years from now.
30:40
We're going to be down here in the basement.
30:42
We're going to say we knew, we talked about it, right?
30:44
And other people are talking about it as well.
30:46
But it allows people all around the world to have access.
30:50
The other thing is you can, the other cool thing about, about
30:54
tokenized gold is people can buy fractions like like down to, I
30:59
don't know, like four or five, maybe more 9 decimals points of
31:03
gold and buy it and sell it and do it again with very little
31:07
spread. I mean, right now you go to the
31:09
coin shop, you can buy an ounce of gold for one price, but if
31:14
you go to sell it back immediately, you're probably
31:16
going to lose 100 or $200 per oz.
31:19
So this, this is a big deal, right?
31:22
And it makes, it makes gold. And then the other big thing
31:25
about it is I, I believe 100% it's going to happen with
31:30
silver. It's already happened on a minor
31:32
scale, but it's going to happen on a big scale with silver as
31:36
well. In the key take away for us to
31:38
remember is this creates massive demand for the actual physical
31:44
metal because remember, they can't tokenize it.
31:47
They can't create that token right until they have that ounce
31:52
of silver or ounce of gold in a vault.
31:55
And we've got that. There's the look.
31:57
OK, alright, now let's move on. Oh, you know, gold's a crowded
32:03
trade. Gold is, is gold a crowded trade
32:06
or is there a lot more room right, for the gold trade to get
32:10
a lot more people coming in? Let's let's switch gears and
32:14
take a look at this data I pulled this from.
32:19
There we go. I think it's a Jordan.
32:20
Roy Byrne had this up on one of his videos.
32:23
We're going to look at the red line right here.
32:26
OK, I'll circle it in green for you so we can see it better.
32:32
OK, implied allocation to gold. OK, which is this red line that
32:37
you see at the bottom on this chart.
32:39
What that shows you is the amount of money in gold related
32:45
ETFs versus the amount of money in all ETFs, OK, As you can see,
32:52
right back in kind of O 8 through 2011 when gold had a
32:57
good run, it was way up here, right, right up as high as 8%,
33:04
meaning that the amount of money in gold ETFs in 2011 was equal
33:09
to 8% of all the money in all ETS today.
33:13
Today we're at 2 percent, 2%. Even after we're in the
33:18
situation where gold had reached like what new all time highs and
33:22
is still very, very high. Realize that to go from that 2%
33:27
to 8%, OK, One way that could happen is with the gold price
33:31
going up 4X or and or a lot more new money coming into the gold
33:39
sector. So that we talked about what's
33:41
going on with tokenization of gold, which is huge, right,
33:45
because they have to buy the physical gold.
33:47
But guess what? The gold ETF, that was the thing
33:51
I don't know what 15 years ago when they first came out, they
33:54
created massive new demand for physical gold and silver GLD and
34:00
SLV from BlackRock. I think it isn't.
34:03
I'm again, I'm not arguing a lot of people are very suspicious of
34:08
the gold and silver ETFs and I might add that I'm also a bit
34:13
suspicious. But nonetheless, it did create
34:16
right. But a lot of people think are a
34:18
big wave of demand for the gold and silver markets.
34:23
Are we in a commodity super cycle?
34:25
We hear about this all the time. The man, William Middlecoup says
34:30
huge commodities and that would include silver and gold are
34:34
breaking out right now from a 15 year downtrend versus the
34:38
general equities. Again, this is similar to what
34:40
we looked at earlier comparing the gold price to the S&P 500,
34:44
but this compares the general commodity sector to the general
34:50
markets. And as you can see guys, OK,
34:53
again, we this commodity super cycle that everybody's talking
34:58
about right now way down on the lower right of this chart, which
35:02
you can't see, but you will see right now there it is on the
35:08
lower right corner. We are in like historically low
35:14
levels on this chart. It has gotten, if you look at
35:17
the upper left corner way up here in the past, this is
35:21
multiples, multiples higher. And remember the price of silver
35:26
and the price of gold are in that commodities index.
35:31
But the world is changing like never before.
35:34
Asia, I know where we we live in our own little bubble, don't we?
35:38
We all think, and a lot of you are joining from all over the
35:41
world, but mostly Western countries.
35:44
Asia is taking over silver and gold.
35:48
That's just a fact at this point between China and what's going
35:52
on in the rest the rest of Asia in India, right they are, they
35:56
are taking over silver, gold. We're going to look at some big
35:59
developments going on there. Before I do that, I do want to
36:02
say thank you to channel sponsor Sugar Mountain Trading Company.
36:07
They are a premium personal care brand that I've been using for
36:11
the last 30 days. Unbelievable.
36:13
Like handmade, curated, 100% natural things like a soap.
36:18
Here's the one I've been using right here.
36:20
Cherry Almond oat in honey soap, right?
36:23
This is like handmade soap, all natural, and it is way different
36:29
than what you get at the grocery store.
36:31
It lasts longer, but it feels different as well.
36:35
It's a natural product. You can check them out.
36:37
They do have a discount code, Ron 25.
36:40
OK, And you can check them out at sugarmountaintrading.com.
36:43
Let's go to Asia, where we've got some developments there.
36:48
First, Hong Kong, and let me go back to you.
36:53
Hong Kong, which is part of China, is basically starting a
36:58
new exchange that is going to be in direct competition with the
37:02
LBMA. But then wait, there's more
37:05
because we've also got news out of Singapore and Singapore is
37:08
what like the richest country in Asia.
37:10
But let's go to Vince Lancey to hear he he sums it up in less
37:15
than a minute. Why this news out of Hong Kong
37:20
is so, so important? And there's Vince.
37:24
Let's give him full screen treatment and listen to what
37:27
Vince has to say about what's going on developments in Hong
37:31
Kong. Hong Kong's London Mirror Hong
37:33
Kong claims to launch a government backed gold clearing
37:35
platform in July, modeled after London's Play Market
37:37
infrastructure. According to Bloomberg, the
37:39
system will support unallocated gold settlement and invite
37:42
participation from China friendly central banks,
37:44
including Asia's growing effort to expand its role in global
37:47
gold trading and storage. Rest in peace, LBMA.
37:50
This is what we've been saying for almost 2 years now.
37:54
We were early on this. We were ahead of the curve and
37:57
we were right. The LBMA is in trouble.
37:59
It's being attacked within because it can't manage its own
38:01
risk and it's being attacked without with alternatives to the
38:04
LBMA for physical gold. And they're outright saying that
38:08
they're mirroring the LBMA. So the LBMA will survive in the
38:12
sense that it will become a satellite of the Hong Kong and
38:14
the Shanghai Dyad and Singapore. So caught a triad.
38:21
OK. So like you said, they're
38:23
basically explicitly saying that they are mirroring or replacing
38:30
the LBMA, the London Billion Market Association, which is
38:34
like that old market in London that some people speculate has
38:38
been a little bit manipulative of the metals prices over the
38:41
years as well. But there's even more because
38:44
then we had news last week also, So not only Hong Kong creating
38:47
this exchange, but their biggest like Courier service, the
38:51
equivalent of Brinks in the United States.
38:55
They announced that they're building a massive vault, right,
38:58
right in Hong Kong, right by the airport.
39:01
They're taking over the physical.
39:03
That's the going to be more like a spot market, the physical
39:06
market for gold and silver. It's crazy.
39:09
Now let's go to Singapore. And this is also interesting
39:13
because they're not like they're just dropping the bombs
39:16
basically. They're not, they're not holding
39:18
back when they're talking about what's going on.
39:20
We're going to head out to Kitco, right?
39:23
Who has this for us from our friend Neil's.
39:26
Trading in Abax's silver Singapore.
39:30
Silver Singapore futures kicks off OK, this is interesting.
39:35
This is silver focused. Abax Technologies announced on
39:38
Friday that trading has officially commenced in its
39:42
Silver Singapore futures contract, marking the latest
39:46
step in the company's effort to position Singapore as a major
39:51
global hub for precious metals trading and price discovery.
39:59
Very interesting. The new contract is designed to
40:02
bridge what Abex describes as OK.
40:06
Listen to this A growing disconnect between traditional
40:11
global silver benchmarks. So what they're saying is that
40:16
the, as I read it, I'm speculating that the COMEX paper
40:23
price maybe isn't so accurate, the LBMA paper price maybe it's
40:29
a growing disconnect. They said it, not me, OK.
40:34
And right. And on top of that, but wait,
40:37
there's more, the evolving physical requirements of
40:42
industrial users across Asia. It's becoming a physical market
40:50
across Asia. OK, period, period, period.
40:54
Now it wouldn't be one of our get togethers down here in the
40:57
basement without our daily dose of United States economy gloom
41:01
and doom. I don't want to be the Crown
41:03
town crier, but let's be real, right?
41:06
Things aren't so great. The United States we got like
41:09
this news last week the Philly Fed index went negative negative
41:14
I didn't think go negative but it went negative right measuring
41:17
I don't know manufacturing in the Philadelphia maybe East
41:20
Coast region. Consumer confidence is consumer
41:24
confidence in the United States is a consumer based economy is
41:28
at an all time low data since 1952.
41:33
Consumer confidence wasn't lower, right was it was not
41:37
lower during the great financial crisis was not lower when the
41:41
tech bubble burst wasn't lower when and when 911 happened.
41:46
We have the lowest consumer confidence ever.
41:51
But the stock market's magically at all time highs.
41:56
All you got to do is buy AI stocks and you'll get rich.
42:02
It'll be interesting to see how that plays out six months from
42:04
now. I suspect they'll be lower, but
42:07
nonetheless, this is shocking and very interesting.
42:11
This is your daily dose of gloom and doom because we're always so
42:16
positive. This came from no name, he says.
42:23
I can't stop looking away from this chart. thisisthe.com crash
42:29
overlaid on today's S&P 500. We're going to look at it.
42:33
It's a little it's a little tiny 10 second video.
42:37
OK, so it overlays the.com crash on the today's S&P 500.
42:42
Every week I come back expecting it to finally diverge.
42:47
It doesn't. The overlap keeps tracking with
42:50
a precision precision that is honestly unsettling.
42:54
OK, startling, taken aback, flabbergasting.
42:59
What are your thoughts on this? All right, so without further
43:03
ado, we're going to watch this. And if if you have high blood
43:06
pressure, you may want to look away.
43:08
I have high blood pressure, but I can't close my eyes.
43:12
So this is the current S&P 500. What you see on your screen
43:16
right now, Next you're going to watch as they overlaythe.com
43:21
bubble burst. It's up there in the upper left
43:23
corner, but it's going to start moving, so pay attention.
43:27
Here we go. Whoa, if you see that, let's go
43:34
back one more time. That's the current S&P 500
43:40
herecomesthe.com bubble crash. Unbelievable.
43:47
Wow, does that not look like maybe.
43:52
Yeah, there we are right now. Check Mark.
43:57
But wait, there's more, guys. OK, there's more.
44:01
OK, Because think about it, what we just looked at how similar
44:05
those patterns are. Isn't it interesting that what's
44:10
going on right now in the AI sector is so similar, even a
44:16
little more extreme, right when we with compared to
44:20
whathappenedduringthe.com. rememberthe.com, I remember
44:24
you're probably as old as me. Any companythathad.com at the
44:28
end of their name, they went public and they raised billions
44:32
and now, you know, millions and billions of dollars.
44:36
That's exactly what's happening right now.
44:38
Let me give you a little insight.
44:40
AI, these AI stocks have doubled tripled, I don't know since the
44:44
beginning of the year, the last month right the Philadelphia
44:47
there's a thing called the Philadelphia semiconductor index
44:51
that the tracks like these companies that are very AI
44:54
centric. I mean it's like skyrocketed
44:56
look it up it's incredible and what's happening right now with
45:00
AI is almost very eerily similar to to whathappenedduringthe.com
45:08
sector. I think right that that that
45:11
that and I I look AI, I think it's cool.
45:13
I use a little bit of AI by the way, I'm not AI for those of you
45:17
who say is Ron, AI is no, everything here is real OK, but
45:22
I think AI is great. I think AI is here to stay, but
45:25
it's a bubble right The Internet was here to stay in the late
45:29
90s, right. We are using it right now.
45:32
It's revolutionary. It's is incredible.
45:34
But there was also a tech bubble and Internet bubble that burst
45:40
during that same time period and things had to be worked out.
45:43
And then companies like Amazon and another Priceline and eBay
45:48
emerged as winners through all of that.
45:50
Be prepared, right? And the scary thing is that
45:53
right now the statistics that talk about how the AI sector
45:59
makes up, I don't know like what 40 percent, 60% of all the value
46:03
in the S&P 500, the S&P buyer, I mean, it's crazy.
46:07
Or that they've accounted for like the lion's share of the
46:12
gains in the market. It's all and think about this,
46:15
but wait, there's more, right? These these companies, these
46:19
tech companies are all based on make believe fantasy all future
46:24
like, oh, they're going to make all this money in the future.
46:26
And that's why their valuations are 200 times price to earnings
46:31
ratio. I mean, there's 22 big
46:34
components. Number one, that right there
46:37
that fantasy future. It used to be before the great.
46:41
The here's an interesting point for used to be like in the
46:45
1920s, stocks were valued at their actual asset values, OK?
46:51
Meaning if a stock cost $5, you basically got $5.
46:55
Sears and Roebuck was the first company that ever was able to
46:59
like create a future or create a current stock price based on
47:03
future projections. Now that's all these tech
47:07
companies are valued on. That's point #1 the second
47:10
point, the measuring stick we're using on those valuations.
47:16
Hold on, let me get it out here. Is this right?
47:20
the US dollar, it's like a fantasy valuation based off of a
47:26
fantasy paper make believe measuring stick.
47:29
It's crazy. It's absolutely crazy.
47:32
Not like this. Sorry, my hands got mixed up by
47:35
the wayside Note, this is different than what I just
47:38
showed you. Is this exactly what I just
47:39
showed you? No, this is different.
47:42
This is a look at the top silver certificate, right?
47:49
It says $1.00 and then I'll read you what it says on Earth.
47:52
This is from like the 1930s. One dollar in silver payable to
47:58
the bearer on demand. One of the basement dwellers
48:01
sent me this. OK, that's it right there.
48:04
That used to be our dollar backed by real silver.
48:08
Apparently you could take it to the bank and they would give you
48:11
silver for it. So anyway, be prepared for a
48:13
market crash. Be prepared.
48:16
You want to hear some good news? Be prepared for what I
48:20
wholeheartedly believe is an unbelievable future in the
48:25
silver and gold price. Right.
48:27
I'll keep you posted. You know that upstairs, Susie
48:32
and I super appreciate you joining us down here.
48:34
Please subscribe. OK, what?
48:41
Hey, you guys are awesome. 230. Hey, give this a thumbs up.
48:44
Let's see if we can get to 250 thumbs up.
48:47
I'll ring the bell upstairs. Susie will keep me posted.
48:52
What was I? What was I saying?
48:55
I don't know. I don't know.
48:57
Let's go look at the silver price now.
48:59
You never know. It could be read by now.
49:01
I don't think it is. Take a deep breath and all
49:05
right. Oh, my gosh.
49:06
Guys, check this out. Hold on.
49:09
Let's get the markers out. Silver, since we've been live,
49:14
is now up $2.96. It's gone up another whole $1.00
49:21
per oz. That is incredible.
49:23
Let's go look at the futures. OK, up to 5070, up almost $79.
49:30
Hey, happy days are here again. Hey, man, what the heck?
49:34
We're out walking around the Internet.
49:36
Let's go take a look at what's happening at the US debt clock.
49:40
I wonder if the US debt went up lately.
49:42
Yeah, now we are at 39 trillion, $284 billion in debt.
49:49
For those of you who are new, I'm going to tell you why this
49:52
is so, so important. Hold on, This is a critical
49:57
concept to understand and it is very easy to understand.
50:03
And let's get out of marker here.
50:07
We'll make it a little bit bigger.
50:08
What color you want? How about orange?
50:11
We'll go with orange. There we go.
50:13
All right, here is our national debt, which I'm circling.
50:16
This is pretty wide, but anyway, the US national debt creates
50:23
this down here that I'm circling interest expense, OK?
50:27
And like what? A third of our debt is going to
50:29
be due to be refinanced. Interest rates are much higher.
50:32
This number is going way, way higher.
50:35
So the US debt, right, makes this number go higher, OK.
50:42
Now the problem is, let me see if I can circle this right here
50:47
so you can see it. This is our federal budget
50:51
deficit. That means the amount of money
50:53
that our government spends in excess of what it brings in.
50:56
That's at 1.6 trillion. The problem is that interest
51:00
expense, which is going up, feeds into, yeah, you guessed
51:05
it, the federal budget deficit, which then feeds directly into
51:11
the US national debt. If you can see here, if you
51:15
follow this, that makes the debt bigger, which is then going to
51:18
make the interest expense bigger, which is going to make
51:22
the federal budget deficit get bigger.
51:25
It's a spiral. It is a debt spiral.
51:30
It is a situation called fiscal dominance, which is a new term
51:35
that we learned down here in the basement not too long ago,
51:38
right? You hear that term?
51:39
What do you think when you hear, oh, the United States is in a
51:42
condition of fiscal dominance? Well, that means we dominate
51:46
fiscally. No, that means that the fiscal
51:51
situation, which is what we 303 hundred the ball and the bell.
52:00
OK upstairs, Susie is requesting the gong in the bell.
52:04
Fiscal dominance is this situation when the fiscal
52:07
situation of a country, the United States of America, thanks
52:12
to President Richard Nixon who took us off the gold standard.
52:15
Anyway, the fiscal situation, which is what we just looked at,
52:19
dominates what the government, the treasury, the Fed can do,
52:26
right? It it dictates what's going to
52:29
happen because of what we just looked at is interest rates will
52:32
countries and we, it's already happening, right?
52:35
China, Japan, everybody's dumping our Treasuries, right,
52:39
which makes the interest rates go up.
52:41
The what, what the, the Fed is going to have.
52:43
The Fed has two options in the coming years, but let everything
52:49
crash, OK, and reset, which they won't do, or option B, which
52:55
they have done and they will continue to do, which is turn on
53:00
the old printing press, right, And make these and they don't.
53:04
You obviously that's a figurative term, right?
53:07
They do it digitally, and they'll print those and they'll
53:11
buy U.S. Treasuries.
53:14
They've done it before. They'll do it again.
53:20
And you and me and us and we basement dwellers will be even
53:25
happier that we own silver and gold.
53:27
Let's ring the bell. We're going to do the bell and
53:29
the gong. It's a holiday weekend, OK, For
53:31
the thumbs up. Thank you, basement dwellers.
53:36
And boy, it's been a couple weeks.
53:38
Got to warm up the old gong. This is the golden gong of good
53:42
luck. Maybe that's why the silver and
53:45
gold price we're struggling. We didn't ring the gong.
53:47
We're going to ring it three times.
53:49
Listen to it resonate. It's beautiful.
53:57
All right, guys, thanks for joining us down in the basement.
53:59
On behalf of upstairs, Susie, my lovely and talented
54:03
walkie-talkie wife and assistant, we thank you.
54:06
We have a lot of fun down here. We're going to have so much fun
54:09
going into the future. Please subscribe to the channel.
54:13
We're running that special still.
54:15
It's free To subscribe, press that button.
54:19
Press the little bell so you get notified.
54:21
Come back to the basement. Leave a comment.
54:23
We love you. Have a great day.
54:25
Take care. And we'll see you.
54:27
And we do see you. We're looking at you.
54:30
We'll see you soon. Bye.
54:31
Bye.