Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ✋ Silver and Gold COIN SHOP Story....WARNINGS!!

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✋ Silver and Gold COIN SHOP Story....WARNINGS!! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
You are not going to believe this story from the coin shop.
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Plus, we've got two big warnings for you if you're a silver
0:10
stacker. If you're a gold stacker, you
0:12
better pay heed and we're going to talk about $90.00 silver.
0:17
But who better to talk to? Who better to hear from when it
0:21
comes to an unbelievable coin shop story than the one and only
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coin shop Chris? And boy, does he have a story
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for us today. Coin Shop Chris, welcome back to
0:32
Ron's basement. It's always going to be back in
0:35
the basement, Ron. How you doing my friend?
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I'm doing great. I'm doing great.
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I was flabbergasted when you told me the story about what
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happened this week at the Coin Shop.
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And I thought we got to go live. We got to share that with our
0:49
audience. And by the way, thank you to
0:51
everyone who's joining us today. You are the most important part.
0:55
I know Coin Shop Chris and I appreciate your support,
0:58
appreciate you being here. Go subscribe to his channel,
1:01
Coin shop chris.com. You can subscribe here.
1:04
Thumbs up or appreciated. But Chris, without further ado,
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can you share with our audience what happened this week at the
1:10
coin shop? I just know part of the story
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and I'm. Well, this actually, this
1:16
actually happened a couple weeks ago, Ron.
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But you know, we, we had an elderly lady that her husband
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passed on and I got to tell you this is she brought in a couple
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gold coins and her husband always told her to keep out of
1:31
the safes because this will be your money when you when I pass
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on. Wow.
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We didn't know at the time how much she had at the house.
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So she brought in two gold coins.
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We helped her get her cash for that to pay for the funeral.
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And she's like, she was overwhelmed how much we paid her
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out. And she started saying we got so
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much stuff at the house. And so we so she asked us to
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come over. So most of us who work for the
2:00
coin shop came over there. Ron, I, I want your audience to
2:04
picture a big kitchen cabinet with big steel doors, OK?
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Like the height of a kitchen counter.
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This thing was packed with silver coins with gold coins
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with bags of 90% silver. Apparently her husband worked
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for one of the big banks and was flipping houses when the banks
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were not getting paid and he was buying silver and gold from 1986
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to almost six months before he passed on this year and it added
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up. You know, she had cool grands,
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she had eagles, she had Maple Leaf silver, gold, I mean, you
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name it, they had it. I'm I'm overwhelmed still with
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she has bags of junk silver. We have not gone through yet and
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we only did we have no idea what's in those bags for 90%
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silver. We don't have this key dates in
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there, but as a rough estimate Ron and to your audience with
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over 8 million dollars worth of inventory. $8 million.
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Over 8 million. And and she really did not have
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any clue that over all these years her husband had been kind
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of, what's that called squirreling away.
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My dad used to call it rat hole money.
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That he was that he was, you know, making a little extra
3:25
money on the side and using it to buy silver and gold and
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putting it in a safe. And let me get this correct, he
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passed away and she came in with just two of the gold coins
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because she needed to pay for the funeral and was like
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overwhelmed with how much those gold coins were worth.
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And then you guys went over there and discovered there was a
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lot, lot more. And she also had another safe in
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the floorboards underneath the computer as his computer.
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There was cash on. I'm not going to disclose how
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much cash there was, but there was a lot of cash.
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You know, this woman is overwhelmed.
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The daughter don't know what she really does for work.
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She didn't really disclose that information to us, but she still
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wants to work for the next three years because she said she's
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going to get a big pension and she saves her for another three
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years. But they have over $8 million
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worth of gold and silver. They're not interested in
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selling it. We told them all about it and
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we, we put stickers on everything, all the tubes and
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exactly what they were. I mean she had stuff from the
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19861996 silvery Eagles, she had rare Krugerrands, they had
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Austrian stuff, they had maples, everything on everything.
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There was one bag mark from 1954 for half dollars.
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Well, excuse me, 1955 while they, and I wish they were 1955
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because the Franklins were actually the key date in that
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run and they happen to be all 54 Franklin Hafts.
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And these are in beautiful, beautiful shape.
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I mean, they're like in BU condition.
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And then about a week later, the lawyer called up.
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The guy had a lawyer and he had another 15 bags of junk silver
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from a bulletin company. Won't say the name Ron, but
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she's got them in her possession.
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Another 15 bags, $50 face, $100 face bags, $500 face bags.
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This guy had put this our way and we're waiting for the
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daughter to come back to where her mother lives because the
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daughter lives in a different state and they're coming back in
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October. So there'll be more to come from
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this story. I mean, this is, I feel like a
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kid in a candy store. It took us four people, 4 hours,
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four hours, Ron, to go through all this stuff.
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And, and you know, one of the, one of the workers, she, she's
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very good at shorthand, you know, so she was, you know,
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writing down what they had and we went back to shop to try to
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add it all up. And we're giving her we, we
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these we're not buy back prices. We gave her, these were retail
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prices we gave her. And and I'm so they they are
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very well with. So, so, so you said you you said
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you felt like a kid in a candy shop.
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I'm going to pull up a picture and tell me if this is how you
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felt. OK, I want you to I want you to
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think how you felt when all this was going on.
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Is this how you felt by chance? Did you feel like that?
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All we knew I would come up with that.
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Yeah, yeah. Like a happy Barbie.
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I want to, I want to point something out to our viewer,
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Chris, that I think this story demonstrates very clearly.
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And that is what this man did over all those years, right?
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Of little by little adding, adding to his safe, adding to
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his stock of stack, little by little some gold coins, some
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silver coins buying he probably bought, maybe he even bought
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some of it in the 80s when silver was $50.00 an ounce.
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Maybe he bought some what in the early 2000s when silver was 4 or
7:05
$5.00 an ounce. But what he did was he bought
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little by little by little over all those years.
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And now, right, we know what you just told us.
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It's worth almost $8 million. Look, some of the stuff we know
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we got handwritten receipts. We, we, we don't know exactly
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what coins drop it came from, but we do know it was a from a
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different state, which I won't disclose that information.
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These were all handwritten receipts, Ron and some of this
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gold he was buying for $300.00 an ounce or less.
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Look at. Look at today's gold price.
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Look at today's silver price. You know, he's got all the
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receipts and he had the PO Box. So the wife had no idea.
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He, all the wife remembers this. When I die, you'll be well taken
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care of. That's all he would say to her.
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Sounds like sounds like he took good care of his family, right?
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Exactly. But again, it's like, you know,
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I'll never forget Mike from Pembex said this once.
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I actually put it in an e-mail that I read to the to the to the
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basement dweller community. And that is like make like, like
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responsible. You know, how did he, how did he
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put it like basically like don't, don't just like at once
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do everything like make responsible purchase decisions
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prudent, right? But if you do it, and he didn't
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say this, but again, this proves that, but this guy did.
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If you over the years just buy a little bit, a little bit every
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six months or maybe whenever you have some extra money you're
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going to do, you're likely going to do really great in the long
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run with silver and gold. Absolutely.
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I mean, can you just imagine? I mean, your, your kitchen
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counter is packed with silver and gold.
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I mean, I just cannot get over what I've seen.
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I mean, this is the most silver and gold I've seen at one time.
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I mean, we don't even have that much at the shop.
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I mean, that's not even close. I mean, most people don't even
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see this stuff in their lifetimes.
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And when you're seeing tubes of cougar ants, you think tubes of
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eagles, gold eagles, you know, some of these rare dates is
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like, how can you process this? It's like how can you process in
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your head of how much value it is?
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Sounds like it was overwhelming. Are you, are you, are you doing
9:21
OK Chris? Is everything?
9:22
Are you OK with all? This, I mean, yeah, I'm very
9:25
happy for them. But you know, I mean, they're
9:27
kind of curious to see what's in this not 90% Silber bags.
9:32
Can I ask you a? Can I ask you a personal
9:34
question? I need to interrupt you.
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This is very. Important.
9:37
Yeah, go ahead. Can.
9:37
I ask you a personal question. Yes.
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Are you, are you attempting to date the daughter?
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You said there was a daughter. Are you attempting to date her
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now? No Sir, I I do have a girlfriend
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so and she said she's about 20 years older than me so.
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Well, that's perfect. That's perfect for you then.
9:56
He's more up than your age. 1. She's a little older than you.
9:58
What? Are you talking about my age?
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I'm 34 years old, Quinchat. For this this live screen.
10:04
Is now officially over, but I forgot what I was going to say.
10:10
But what a surprise, right? Like these people had no idea
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this was even going on. I mean, that's just, it's really
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an awesome story. I mean, imagine the old lady
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thinking, well, I need to pay for the funeral.
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I wonder if I have enough in my safe.
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It's like, no, you've got $8 million in your safe, honey.
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And you know, I think she's really lucky to have run into
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you and the people that work at your shops.
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I know you guys pride yourself on on providing these happy
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surprises to people. I mean, it's still, I mean
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they're both overwhelmed. The daughter's like, you know,
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should I even work anymore? And but you know, she says, you
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know, with, you know, I, I have no idea how much she's going to
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get for a pen, a pen pension if she stays another three years
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on. But she says I really cannot
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give that up. Still, you know you.
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Know she's gonna later in this live stream we're going to talk
10:55
about $90.00 silver and earlier today I talked about $550
10:59
silver. I mean, and I, and I want to put
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things in context for our viewer, right?
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Because you were just talking about how some of the receipts
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from when this guy had bought gold, the, the gold was like
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$300.00 an ounce. And that just seems astounding
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to us right now. I, I want, I, I want you to
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think about this, Chris, you and our viewer who's joining us.
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What do you think people like 40 years from now when they're
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going through your safe and they're, and they're looking at
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the silver or gold that you may own, they're going to be looking
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and thinking the same thing. Can you believe that that that
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grandpa, our grandma bought these silver eagles for $33 each
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or or $40 each or $25 each? They're going to be feeling the
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same way then that we feel now when we look at $300.00 gold.
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Absolutely. I mean, you know, I mean, you
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just you just, you know, it's, it's so overwhelming to tell the
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story because because you know, the time we talk, you know, of
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course we didn't charge these people for this.
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You know, our owner did pay us for our time.
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And thank you for the Barbie doll picture, Ryan.
12:05
I do appreciate. That sorry, I didn't mean that
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to. You but no, I mean it it's
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really I mean it's just shocking to see, you know, with with the
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wife saying and the daughter had no clue.
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She she's like, you know, I got I had no clue.
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My dad was he was bringing this home in little paper bags and
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the wife he and he said wife says he's gone, gone to his room
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and sat in there for hours on the computer and he had a brown
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paper bag, you know, one time a week or so.
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And she would never knew what was in that He's and you know,
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it could have been anything in there.
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But holy cow. I mean, that's all I got to say,
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Ron. So how much did you charge these
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people for counting all this up? Three.
12:47
Million or 200? Zero, huh?
12:52
Well, super nice of you. Hey guys, we got a lot more to
12:55
cover. We've got like 260 people who've
12:58
joined us now, Chris, I just want to quickly.
13:00
Recap. Yeah, thank you.
13:02
But Chris, Chris just told the story about someone who came
13:05
into the coin shop with two gold coins that my husband just died.
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I need to pay for the funeral, but there's more at the house.
13:12
And this person was astounded by how much money, Fiat Unicorn
13:16
fart dust, this stuff, where is it?
13:18
It's got to make an appearance on every our favorite paper
13:21
money. How many of these she got for
13:24
the two gold coins? But then realized she had a lot
13:27
more at the house that her now deceased husband had been
13:31
squirreling away for decades. And it looks like it's like
13:35
around $8 million, which is crazy, I think shocked
13:38
everybody. But also coin Chef Chris, we got
13:42
we got a lot more to talk about a couple warnings.
13:44
And then I want to get your opinion on this, on this idea
13:48
that we could have $90.00 actually, guys, little bonus.
13:51
It's actually $150.00 per oz silver because of what the Fed
13:55
did last week. But Chris, any final words you
13:57
want to add to the story about the about the the surprise
14:01
silver? What a nice story, this lady
14:03
her. Husband died.
14:05
Think this was about two weeks ago.
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Silver and gold were cheaper two weeks ago, so how much more
14:10
value is that even worth today, right?
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You're probably up to 9 million. You know, I mean, it's.
14:17
Yeah. I mean, you know what I mean?
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Stop and think. I mean, every time silver and
14:21
gold goes up, that stack has gone up dramatically.
14:25
Yeah. I mean, it's just, you know,
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wow. You know, yeah, yeah, it's
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crazy. Your stack, I know, went up
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dramatically this week as well. All right, guys, we got a couple
14:35
warnings, more stories from the coin shop, right?
14:38
But we all know as silver and gold stackers, the one thing
14:42
that we really need to be careful of is that we trust the
14:46
company. We trust the person that we're
14:48
buying our silver and gold from. Now, you all know that I trust
14:53
channel sponsor. Let me pull up full screen here
14:55
so I can point to my favorite box, Pimbex Pi MB EX.
15:01
You can get there at pimbex.com. We usually go to the website,
15:04
but we'll do it all verbally. Today I was told about Pimbex
15:08
from the basement to other community.
15:10
Thank you very much. I made several purchases from
15:12
them. Was really happy with the fact
15:15
that I got more metal for my money with Pimbex.
15:19
But the customer service was great, the selection was great,
15:23
and everything else. Look, Chris is going to tell us
15:27
a story next about some fake silver.
15:29
It's so important that you deal with a company you can trust.
15:33
What I heard from the basement to other community, What I've
15:36
learned for myself is that I can trust Penbacks.
15:39
Look, you do your own due diligence, do your own work.
15:41
I'll never tell you guys what to do.
15:43
But please, next time you consider buying some gold,
15:46
silver or platinum group metals online, please consider channel
15:50
sponsor pin backs. Now quench up, Chris, tell us
15:52
about these fakes that you ran into at the shop.
15:55
The story behind that? Well, you know, we see a lot of
15:59
fakes come in the shop and most people, I would say have no clue
16:05
they have fakes and a lot of these fakes are coming off from
16:08
Etsy. So I mean, my not a financial
16:11
advice, not advice, but I'm not buying off of Etsy for anything,
16:15
not for silver, gold. I'm never going to do business
16:17
with them again for anything, but that's just my personal
16:20
take. What what happened wrong is
16:23
these people bought these Franklin's and Walking's and
16:26
they did say copy on them and I'm trying to line up my camera
16:30
where my my camera is. I'm sorry.
16:33
And they did they did say copy on them and the customer had
16:38
them in the safe. They bought these when the
16:39
banking crisis happened and they bought them for about $20 a roll
16:45
and they were trying to sell them.
16:46
They needed the cash for what? For whatever reason they needed
16:51
the cash for and they were fake. Couldn't do nothing for them.
16:56
They had no idea. So our owner suggested to the,
17:00
you know, since they've said copy on them, they want
17:02
technically fake coins. OK, because they did say the
17:06
word copy on them, but I'm calling them a fake.
17:08
We dig went ahead. They the shop did went ahead and
17:11
clip them all. They took a little chunk of them
17:13
so they know which ones were fake so they don't turn around
17:17
and sell them again. And that really keeps them off
17:20
the marketplace now, nobody doing what we did.
17:23
How do these people react? You know, how do these people
17:27
react when they come in and they think they've got something
17:30
that's silver and it winds up that it's not silver at all?
17:33
The what kind of reactions do you get?
17:36
Well, to be honest, you they're they're teed off on OK, to be
17:39
say that trying to put it nicely, they're upset, but
17:44
they're not opposited us, you know, people are a lot, you
17:49
know, especially when the newer stackers, you know, come on
17:52
online, Ron, they see a good deal.
17:56
People don't read descriptions and I don't know what was in the
18:00
description of the time they bought us.
18:01
I guess they didn't have the paperwork, but was it in the
18:04
description? I don't know.
18:08
You know, people don't. Might be.
18:09
In might be hidden in there. Yeah.
18:11
I I think the moral to the story for all of us is if it seems too
18:15
good to be true, unless it's coming from like your mom or dad
18:18
or your brother or your very, very best friend.
18:21
If it seems too good to be true, right, some some price that's
18:25
significantly better than what the spot prices or some offer
18:29
that you may see while you're watching the cable news channels
18:34
that tells you you can get $15,000 of free silver, guys, If
18:38
it seems too good to be true, would you agree?
18:41
Coin Shop Chris, It probably is. 99.95% of the time, yes, it's
18:48
and that's and that's just a true statement, you know, but
18:51
you know, going back for the half dollars here on, you know,
18:55
even though they said copy, their owners seemed to say they
18:58
didn't know. They said copy on the back.
19:00
I mean, it was small, so maybe they didn't see see them, but we
19:05
passed everything coming in. If our customers want it test
19:09
going out, we will test going out the door.
19:12
So if we try to do a test, we'd always test in.
19:15
If the customer don't know who we are really, we test going
19:19
out. That way they know they gain the
19:21
real deal. And you know, and all these
19:24
online bowling dealers do the same thing.
19:26
They test coming in and test going out.
19:29
And you know, that's why I don't have a problem buying from these
19:32
online bowling dealers whatsoever.
19:35
But you know what? I hear more people come in about
19:40
etsyron and to your viewers, please do your research.
19:45
Etsy was a place where you sold like like homemade T-shirts and
19:50
birdhouses and stuff like that. Arts and crafts, live plants,
19:53
yes. I mean, that's supposed to be
19:55
art. ART.
19:58
Artwork. You said art.
19:59
I just sometimes with your, your southern Missouri.
20:03
Yeah, Ozark accent. I have a hard time.
20:06
My New England accent. Got to go get some car pots
20:09
some. Car pots all.
20:10
Right, so, so here everybody, I'm going to show you 2 easy
20:14
ways that you can test your silver.
20:16
This is a fake coin who which was sent to me.
20:20
Look at this. This is a what's that called a
20:22
Morgan, right? Hold on, let me see if we can
20:24
get. It supposed to be a Morgan,
20:25
yeah. Supposed to be there it is.
20:27
Look at that. That's a Morgan Silver dollar
20:31
from 8:00, 1892. Look at the back of that thing.
20:37
Isn't it beautiful? And you got to love silver.
20:40
You got to love silver until this.
20:43
OK, this is a little super powerful magnet.
20:46
If the magnet sticks to the supposed silver, it's not real
20:52
silver. And these are like, I forget
20:53
what these are called, but they're like super powerful
20:55
little magnets. This is a fake coin.
20:58
OK, now another way that you can check coins is with this thing
21:02
called the pocket pinger, this little black apparatus here
21:06
called the Poppet Pocket Pinger. I'm not sponsored by them or get
21:10
any kind of Commission or anything, but they have an app
21:13
on your phone. And then you take the pocket
21:15
pinger and you take this little wooden stick and listen.
21:17
Can you listen to Chris listen? Hear that, guys?
21:22
And then the app hears that and it can tell because all it has
21:25
all the different coins and it can tell by the sound of the
21:27
ping if it's real or if it's fake because listen, listen to
21:31
this. You can hear that.
21:35
Now I'm going to switch out and put that fake coin in here.
21:38
I've never done this before. This is going to be interesting.
21:41
Let's see what the fake coin sounds like.
21:43
What do you say, Chris? It doesn't sound a lot different
21:47
and it's called a coin ping app. OK, all right, Oops.
21:52
See how different that sounds. I, I hopefully the microphone's
21:55
picking it up, but it sounds significantly different.
21:59
So those are two ways it's a real thing.
22:01
There are real fake coins out there.
22:02
I think if you're dealing with a reputable online bullion dealer
22:07
like Pimbex Pi MB EX channel sponsor who makes all this
22:11
possible or a reputable local coin shop, you'll be fine.
22:16
However, you know, always buyer beware, especially if you're on
22:21
one of the big online auction site type places.
22:24
You want to make sure that you're getting real legitimate
22:26
metals. Would you agree?
22:28
Coin job, Chris? I agree 100%, Ron, you know, and
22:31
that's why I made my channel Ron, to help people.
22:34
And you're bringing me on to help people and you're helping
22:37
people. You've been helping people the
22:38
past three years, Ron. We cannot do this without you
22:41
either. So we go say thank you to you,
22:43
Ron. You've been really supportive of
22:46
me and you know I'm not done enough for for you.
22:50
Yeah, thank you. Yeah, well, you sent me a silver
22:52
dollar years back. You're the best.
22:54
We love you. I'm going to run everybody out.
22:55
Go ahead. We're going to go on a little
22:56
field trip. Everybody.
22:58
Let's go out to this site called YouTube.
23:03
Oh, you're on that site right now, but don't leave us now.
23:05
But if you want to go see Coin Shop Chris, he puts out a video
23:08
every day. Go to YouTube, type in coin.
23:11
Oh, there. It's already up there.
23:13
Look, I'll go there So much. Coin Shop, Chris, and let it
23:16
pull itself up and then you go down here, picture around
23:19
picture with a bunch of coins. You click on it and then you go
23:23
to his his not web, not web page.
23:25
You go to his YouTube page and you press subscribe right there,
23:29
Chris. Thank you, Thank you.
23:31
Thank you everybody. Yeah, yeah, you're welcome,
23:33
Chris. We love you and and all your
23:35
support and the whole silver and gold community loves you.
23:38
Here's a question for you. Look, the silver price and the
23:42
gold price, what's really going to make them take off, OK?
23:46
Really what's going to make the gold and silver price really
23:49
take off will be Western investor demand.
23:53
Part of that is retail, right? People like me and you, people
23:57
like the, the, the wonderful people and those of you who wish
24:01
to refer to yourselves as basement dwellers, but you're
24:03
all basement dwellers. We got like 300 people with us
24:05
down here in the basement, Chris.
24:07
Is it crowded? Is it getting crowded yet?
24:10
No, we need more. Exactly.
24:12
And there will be more. There will be what's what is
24:15
going to make the silver price, gold price, platinum price, all
24:20
of them really take off will be investor demand.
24:23
Now I heard from Mike over at Pembeck's one of the owners, it
24:27
was maybe Thursday he went, we were just had a quick text back
24:31
and forth and he said, wow, we've seen a big uptick in
24:34
retail demand since the Federal Reserve interest rate cut.
24:40
Are you, what are you seeing at your at your shop?
24:43
Are you seeing more interest in silver and gold since this like
24:47
we've got a big run up, Are you seeing gold selling?
24:50
What's? What's going on?
24:51
Well, I would tell you this, but I'm not going to give out the
24:53
whole. I got a video coming out
24:55
tomorrow on today with the biggest gold sales this year for
25:03
the shop and one day, OK, one day and one day.
25:10
We had the biggest run on gold today.
25:13
People are getting scared, panic and I'm not trying to drive any
25:18
panic or fear of missing out. Thank you for the Barbie doll
25:21
again. I appreciate that and and people
25:26
are saying they're scared of what's coming with the bricks
25:30
the upcoming election. You know, I'm hearing both
25:32
sides. So this one gets in, it's going
25:34
to be worse. This one.
25:35
I I don't do politics, so I'm not going to go to down that
25:38
road. But this is what I'm hearing
25:41
from the customers at the shop that I work for.
25:43
Ron, people are starting to get scared.
25:46
And I had a gentleman came in today and traded about $500
25:51
worth of face junk silver for gold.
25:54
We tried to talk him out a little bit.
25:57
We told him why he should hang on his junk silver.
26:00
Nope. He wanted.
26:00
He said he's got enough at home. He wants some gold.
26:04
What he's been hearing. And this is what's going to
26:07
drive demand too, As more people come in and demand more gold and
26:12
more silver, it's going to Jack up the prims.
26:15
It's going to Jack up the price and the more people who start
26:18
coming in, my fear is it's going to be the same thing that
26:23
happened in 2023 during the bank.
26:25
Prices are on and I tell you, you're not going to be able to
26:28
find the stuff. At some point, we're not going
26:31
to be able to find. It do you think we might have a
26:33
silver shortage again, Chris, at some point?
26:35
We got one now. We got one now that that that we
26:40
do have and and people are going to say, and I tell you, people
26:43
will say there's plenty of silver online.
26:46
Well, OK, right now there is that supply can be wiped out in
26:50
72 hours. Think about what's going on,
26:55
right? We've got this crazy election
26:59
and the fact that it hasn't, it's, it's crazy right now, but
27:01
it's, I mean, excuse me, I think it's going to get super crazy in
27:07
the next six weeks. We have, we have like the
27:09
majority of the world's population having a major summit
27:12
called the Bricks, Brazil, Russia, India, China, South
27:15
Africa, right? And then a bunch of other
27:17
countries that have either joined or want to join getting
27:20
together, talking explicitly about wanting to go away from
27:24
the US dollar. There is big strong suspicion,
27:28
OK, speculation. Some people think it's pretty
27:32
much a done deal that they're going to announce a gold backed
27:35
currency. I mean, that's what's going on
27:37
right now. By 40% to run by 40%.
27:40
Back it by 40% gold so and on top of that, if you live in the
27:45
United States of America and I love my country, I bought an
27:48
where did where is it hold on that finger Nope that finger
27:50
right there. I bought a flag that waves
27:52
automatically. Spent a lot of money on that.
27:54
I love my country. It's an automatic waving flag.
27:58
It's waving at you. Everybody way back.
28:01
Our country is screwed. I'm sorry.
28:04
I'm, I mean, we, we are, we have unbelievable amount of debt
28:09
we're spending. Our government is spending 2
28:12
trillion more than they bring in every year.
28:14
The interest expenses. I mean, I've, I've, I've gone
28:17
through this ad nauseam. The basement larger.
28:18
Like, please, Ron, don't pull up the US debt clock again, which I
28:21
won't out of respect for your desires.
28:24
But guys, it is. I mean, it's horrible.
28:26
It's the situation we're in. And and you know what?
28:29
Nobody cares. Nobody cares.
28:31
Hey, yeah, no, you know, let me watch Dancing with the Stars or,
28:36
or football. Nothing against any of that.
28:38
I love both those shows. I'm, you know, and you may know,
28:42
I've applied twice to be on Dancing with the Stars and I'm
28:44
waiting to hear back on my second application.
28:46
But nonetheless, nobody gives a crap.
28:49
Everybody's like, Oh, well, you know, the debts never been a
28:52
problem. So like, why worry about it,
28:55
man? We can just print all we want.
28:57
Everything's cool. I mean, BS people, not you, not
29:01
you. Basement door.
29:02
And by the way, Chris, can you, when you look at your camera,
29:05
can you see all those other people out there, right?
29:07
They're all with us together in the basement.
29:09
We know we care. Welcome to the club, guys.
29:12
We're like the reality club. The rest of the world's like woo
29:16
La La land, you know? Everything and one more piece of
29:21
news run. Inflation is not going away.
29:24
You know this is set for inflation.
29:26
Inflation. They cut rates by 50%.
29:29
They don't give a crap about inflation.
29:32
Watch prices start ticking up after the holiday season.
29:36
They're going to keep them low through the election.
29:39
They're going to keep them low to the Christmas season.
29:41
Well, lower, I should say, because we're still paying a
29:44
high price for everything. Come January, we're going to see
29:48
a tick up in inflation. That is my that is my bet.
29:51
Like my dad would say, hold on to your arse, right?
29:54
Because yes, I agree with you 100%. the Fed doesn't care about
29:59
inflation, people. They've even hinted that lately.
30:02
OK, hold on a second Chris, somebody wants to say hi to you.
30:07
Not her, not here. Oh.
30:10
Please, oh please don't bring him out of the clown box.
30:12
Please. Your boyfriend is here, Chris.
30:15
Oh yeah, yeah, he's put a Unicorn in there too.
30:19
Does he have a Unicorn in there? He does.
30:21
He's got little universe Unicorn fart dust, right?
30:24
That's a yeah. And you know what else is in
30:26
there with him? That.
30:28
What is that? Hold on that.
30:31
That's a very expensive motorized Roach.
30:35
OK. Ron, I think I, I think you need
30:38
to give him one of these 20 half dollars for a deposit.
30:42
That's that's the solution that goes in there and it makes him
30:45
shake. Well, anyway, back-to-back to
30:48
our high level economic discussion.
30:50
He doesn't care about inflation. You know why?
30:53
Because the only way that the system perpetuates itself, that
30:58
it keeps going, there's only one way and that's if they inflate
31:02
away the debt. They need inflation.
31:05
They want inflation. That's why when he talks about
31:08
all our mandate is to keep inflate, only steal 2% of your
31:11
money per year. That's their mandate is the only
31:13
steal 2%. The reality is they want to
31:16
steal more like 789-1012. Who knows where it could go.
31:21
The other thing that the people don't realize is the United
31:25
States. Look at what's going on with the
31:26
bricks. the United States does not have the control over the
31:29
world economy that it had before.
31:31
The United States is now working in a different environment where
31:35
we have these BRICS countries we can't control with the dominant
31:39
dollar the way the world economies operate like we had in
31:44
the past. So we're I, I have a new term
31:45
that we're going to call it's called geopolitical inflation,
31:49
right? You know, when, when, when,
31:52
when, when the BRICS country say, hey, that's great guys,
31:55
that you got that paper dollar that you're so fond of.
31:58
But if you want oil, if you want our, our, our, our cheap
32:03
manufactured or expensive manufactured Chinese goods, we
32:07
want something real in return. You can you.
32:10
You can play with your dollars all you want, but if you want
32:12
our goods, maybe you might want to pay us with gold.
32:17
Bingo. And that's one more point line.
32:19
This is a 1956 Franklin half dollar, roughly about 1956.
32:24
A loaf of generic white bread cost about $0.10.
32:27
Wow, that can buy you the same loaf of bread plus four more and
32:33
you get changed back from one half dollar.
32:36
How much is that half dollar worth and in current Unicorn?
32:40
$11.30 So this We bought you 5 bowls of bread back in 1956,
32:45
give or take. And it'll still buy.
32:48
Still buy plus change back. I left my case wrong that.
32:52
That's why we call you coin shop Chris, right, because you love
32:56
those coins, right? You're like the the king of junk
32:59
silver. I mean it, but it's I.
33:00
Love junk silver I mean. Is it if they do, when I call
33:05
you the Fred Sanford of junk silver?
33:07
That's right and that's fine. You know, I mean, I, I love junk
33:11
serious over and I hear stories of coin shops melting this stuff
33:14
down because, you know, they, but they, you know, to me, if
33:18
someone's melting it down because it's my take on this
33:21
wrong. They don't have the cash flow
33:23
for one, they, you know, we're trying to preserve history.
33:26
You know, it's not up to a coin shop to preserve history, But if
33:31
they, they're buying too much and they need the cash, they
33:34
don't have the cash flow to hang on to it.
33:37
And it's that and it also tells me the coin shops that are doing
33:41
it don't use a bowling dealer, that they can't dump it to a
33:45
bowling deal or the spread their hour 90% elsewhere.
33:49
Look, if this is really happening, 90% silver is getting
33:53
melted down by bag bowls. Now that's going to be less and
33:57
less in the marketplace. And this is going to drive up
34:00
the price, which will be good for the people who hold 90%
34:05
silver. That will raise the price
34:07
eventually. Yeah, yeah, somebody in the
34:09
Commons just called me Buttercup.
34:11
I'm a little offended. Refer to me by my proper name,
34:14
Big Head Ron. So what Chris was just.
34:16
Talking about Buttercup. Buttercup is the second major
34:21
warning. Like the 90% silver is becoming
34:26
harder to source. Is that correct, Chris?
34:30
Absolutely. I mean, look, Pendeks just got
34:32
their Roosevelt Diamonds backing.
34:35
You know, I was looking them at it last night.
34:36
They just gone back and after three weeks of being out yes
34:41
people are having a hard time sourcing this this we're selling
34:44
as fast as it comes in. So I mean, if if that don't say
34:49
something there and when I hear 20 stops melting it down, that
34:53
just really burns my behind on because you know, this is our
34:57
history for your kids, for your grandkids, your great grandkids
35:01
and so on. And the more we melt the stuff
35:04
down today, this mean less and less and less.
35:07
And some people say there's plenty out there.
35:09
Well, I disagree with 100% with that statement because I go
35:13
back, Ron, we said this before on your channel.
35:16
I said it on my channel, if you took every single Washington
35:20
silver court out there and if we could find every single
35:24
Washington court out there, the average American would have
35:28
about 6.9 Washington silver quarters in your possession.
35:32
With the population we have today, that is about the ratio
35:36
figure that one. I know you're fired up about
35:39
junk silver, no doubt about it. It's critical for us to realize,
35:44
I think two big things. 2 warnings #1 they only made so
35:48
much of it, right? They're not, they can't.
35:51
I'll bring them up one more time.
35:52
I was talking with Mike from Pinbacks one day and we were
35:55
talking about 90% silver and I said, do they only made so if
35:58
they aren't making it anymore. And he was like, I wish they
36:01
were right because it's, it's becoming difficult.
36:04
I think especially for the big bullion dealers.
36:08
I think a lot of it is staying at the coin shop level, like the
36:11
coin shops that used to get it in and then would sell it to the
36:14
wholesalers, like you said are holding on to it, right.
36:18
But at the at the Bay, do you, do you think that's the case
36:21
right now, Chris? I think some shops are hanging
36:24
on to it and you know, and then other shops are so-called
36:27
melting it down. Or melting it down, but at the,
36:30
but at the base level, they're only made so much of it, right?
36:34
There's only so much of it out there.
36:36
And then on top of that, on top of that, still to this day, I
36:40
know in 1980, I heard a lot of it got melted down, but to this
36:44
day, people are still melting it down.
36:46
So you take something that has a finite limited level, right?
36:50
They aren't making any more of it.
36:53
And it continues even to shrink and shrink and shrink because
36:56
people are melting the stuff down.
36:58
Is that accurate? That is accurate, yes.
37:02
And when and. Go ahead.
37:04
And when these light comers come in and when the rushers come in,
37:08
it's going to be gone. That'd be the first type of
37:10
silver to be gone. It's your 90% silver first one,
37:14
mark my words. I think it's on September 21st,
37:17
2024. That will be your first type of
37:20
silver to be gone. Can you hear this, Chris?
37:25
Did you hear that? Yeah.
37:25
It sounds like Janet Yellen's knocking at the door or
37:27
something. Yeah, that's somebody knocking.
37:29
I, I told people earlier like, look, we got 400 people with us
37:32
now, Chris, there's 400 of us. There's 400 of us in the
37:36
basement, right? We think alike.
37:38
We know alike, right? We love silver, we love golden.
37:40
By the way, Welcome. You're always welcome here.
37:42
You're part of the group. We see you.
37:46
Unfortunately, you have to see me.
37:47
But nonetheless, right, we are here.
37:50
We already get it, right? We're down here at some point,
37:54
you know, and I can only fit about 800 people down here in
37:57
the basement. We're going to hear that.
37:58
Hold on, don't talk, Chris. Right.
38:02
We're going to have the basement door locked because there's not
38:04
going to be any more room. And by the way, we want to come
38:06
down. We want it.
38:07
Well, you know, there. And what I mean by that is,
38:10
yeah, there aren't, there isn't going to be any junk silver.
38:12
There isn't going to be any, any 10 oz silver bars.
38:16
There's not going to be any Krugerrands, right?
38:19
It's all going to be gone bye bye, right?
38:22
I mean, there's only, it's, it's really a very thin, fragile
38:26
market, that investment market. It's a it's, it's a very
38:29
important, it's the marginal source of demand, but it's a
38:34
very thin market and it's very, you know, I hate to be honest
38:38
with you guys, but I'm a real sensitive guy.
38:41
Coin shop Chris can attest to that.
38:43
I get my feelings hurt very easily, but so does the silver
38:47
market, right? The silver market is, is like
38:49
bipolar and schizophrenic at the same time.
38:52
It is multiple personalities, right?
38:54
It's a monetary metal. It's a but that's not it because
38:58
it's also an industrial metal. So it's schizophrenic, but it's
39:01
bipolar. It is subject to wild mood
39:04
swings. And we've been through a few of
39:06
the bad swings. And I think what we're going to
39:09
see here in the future are some of the good swings because it is
39:11
such a delicate, fragile small market.
39:17
Gosh, Chris, do you feel better after hearing that?
39:19
Yeah, and I'm wearing. I'm ready to make my fall
39:22
prediction for silver and gold drawing.
39:24
So this this this. This.
39:27
Well, I'm telling this is bonus information, you know.
39:30
Yes, I was a little bit wrong. Wait.
39:33
A minute. Wait.
39:33
Wait a minute. Wait.
39:34
It been. Yeah, I wanted to talk about
39:36
$90.00 silver, but you know what?
39:38
Go ahead, succumb. I'm going to succumb to the one
39:41
and only world famous coin shop. Chris, let's hear your
39:44
prediction for silver. My well, I said this past
39:48
summer, I was. I remind people I said there was
39:52
going to trade between 28 and $40.00 for the summer.
39:56
OK, I was wrong. We got down to 2650 twenties,
40:00
but the the best to that of this information, we stayed in that
40:04
lane for the most of the summer. I said go would between between
40:09
2275 and 2515. Well, look, we're over and the
40:14
futures market 26. $100 in the future months, that's a plus.
40:17
I was right all along for the most part for gold.
40:21
So what we we had an uptick. OK, fine, I'll take the uptick.
40:24
So this winter, this this winter, this fall, I should say.
40:29
So this will go from now until December 21st to 22nd, whenever
40:33
the first day of winter is, I'm going to say silver between 28
40:37
and 41. I'm say gold 2425 to 2800
40:43
dollars. And this is future prices I'm
40:45
talking about. That's what you see coming.
40:49
That's what I see coming. OK, well, I think that we're
40:52
going to get $44.00 silver by Christmas.
40:54
I like to kind of bring Santa Claus into all this.
40:57
Well, remember, this is the fall prediction.
40:59
Right. Well, you said through December
41:01
21st, that only gives you four more days.
41:03
And so I know what you want to do.
41:05
I know exactly what you're up to.
41:06
Coin shop. Chris, I'm tired of this.
41:08
You're piggybacking on me. I know what you want to do.
41:11
You're going to, it's going to be December 21st.
41:13
You're going to say, well now it's time for me to give my and
41:16
silver is going to be $42.00 an ounce and you're going to say
41:18
now it's time for me to give my Christmas prediction.
41:21
And I think we're going to get $44.00.
41:23
That's what you're up to. That's what I'm up to.
41:25
That's right. Bingo.
41:27
You're thinking to be out there on your boy.
41:29
Hey, hey. Hey, hey, hey, Chris, think
41:31
about this and I'll thus, you know, we're all we're hanging
41:34
out in the basement together here on Saturday night.
41:37
Silver is back above $30 per oz. You know what?
41:41
Let's go 30. 1. OK. 31 in the Peaches we're.
41:45
Going to go on a little field trip.
41:46
Hold on here. Oh look, you can see both coin
41:48
shop Chris and I over there on the side.
41:51
I want to I just want everybody to look at this unbelievable
41:54
because this is a big deal. This is the silver price 3119 at
42:01
a channel sponsor pin backs. We talked about them earlier.
42:04
Can we look at gold $2624 per oz.
42:08
But what a big deal this is. I, I don't know that most of us
42:14
really realize that, that right now, right with the run, the
42:18
gold's been on the epic run, right?
42:20
And silver now back above 30 because like coin shop Chris
42:24
said it got down to 2650 twice over the last probably 7-8
42:28
weeks. Silver back above $30, actually
42:31
above $31.00 per oz. We are set up right.
42:35
Look, we could be talking three weeks from now and be talking
42:38
about $2526 silver and that we need to hold the line.
42:42
But I think it's actually more likely now that 5-6 weeks from
42:46
now we're going to be talking about 343536.
42:50
Can we get a $3737 per oz silver because silver is really yet
42:56
silver has not? Absolutely.
43:00
Really reacted to the massive move that we've had in gold.
43:05
OK, The reason why, right? The reason why is because it
43:08
always does that. It always lags gold.
43:11
So if gold hangs in there and I can't really, you know, hey,
43:14
look, anything can happen guys, we know that.
43:17
But if as gold hangs in there, as gold possibly even goes
43:20
higher, silver is going to have to put it's, you know, it's
43:23
going to be time for silver to put some boots on the warehouse
43:25
floor. Time to make some feathers fly
43:28
and we could see a massive upper swing in the silver price.
43:34
Absolutely. And the more I heard this on
43:36
another channel, Ron. You watch other.
43:38
The more the more that gold rises.
43:43
The more things, the more, the more that gold rises.
43:48
I'm going to ignore you at this point.
43:50
The more that gold rises, the worse things are going to get.
43:54
We don't really want gold to take off too much more.
43:58
But if we start seeing 2728 very, very soon, watch out
44:02
because that just means your dollar is going to be more worth
44:06
less than anything before. You know, we really don't want
44:11
higher gold prices, but I think that's coming to be honest with
44:16
you. And silver prices are just that
44:18
train just starting getting moving.
44:21
That train just got moved. We got breaking news, Chris.
44:25
I need to. I need to share with you.
44:27
We learned. OK, you know what?
44:30
I'm gonna see if I can pull this up.
44:31
This is was breaking. We talked about this earlier,
44:35
but well, breaking news, they just came out with the India's
44:40
silver imports for the month. I need to bring this up.
44:43
It's that important. Chris, can you sing for
44:44
everybody while I while I go out there and hold on here.
44:49
No, because you don't pay me enough.
44:52
Guys, this is big news for. Silver.
44:55
I was out of town. I was out in Colorado, so I was
44:59
having a hard time keeping up with the news.
45:01
But to me, this is breaking news.
45:03
Here we go. We got it now.
45:05
All right, guys, we and we talked about this earlier, but
45:09
this is such a big deal, really unbelievable breaking news.
45:15
OK, India just imported 45,000,000 ounces of silver in
45:20
August. Did you know that, Chris?
45:22
No. OK, 45,000,000 ounces in August,
45:28
if you annualize that, that comes to 540 million oz per
45:33
year. That if they, if they did
45:35
they're and they, they already, you know, we're in August,
45:37
they're not going to, it's not going to be 540 million.
45:40
But that just shows that for one month, if they, if they, if they
45:43
would, if you annualize that, that's 540 million oz annualized
45:47
or 65% of the global silver mining supply which is created
45:53
every year, which is 830 million ounces of silver.
45:57
That means that India just during the, the month of August,
46:02
if they, if you annualize the amount of silver that that,
46:04
that, that they would for the month of August.
46:07
Let me slow down for the month of August, everyone, India
46:13
basically imported 2 out of every 3 ounces of silver that
46:18
the entire world was able to produce able to mine.
46:22
I mean, is that mind numbing or what?
46:24
That's just India, right? That's just India, which is oh,
46:28
that's India. You know, India's I, I have huge
46:31
respect for India and Indian people, but I think a lot of
46:34
American, well, it's, you know, like a second rate.
46:37
No, you know, I mean, is that, is that just nuts or what?
46:41
It is nuts. And let's think 66% run is going
46:46
to a different country. You know, we need a silver here
46:51
too. You know we need it for our
46:54
products too and we need it for our inventory levels.
46:58
And when the Commack don't, don't, you're going to get me
47:01
down the road here. But when the commacks in the
47:03
LBMA are down to record low numbers in their votes, there's
47:08
something going on folks. And I tell you, when the when
47:12
the Comax goes broke, when the album A goes broke, it's going
47:16
to be a brand new day. Yeah, yeah.
47:18
That's when they say the physical market overtakes the
47:23
overtakes the paper market. And it's happening.
47:26
We got a super chat from PMG. Poor man.
47:28
Gold, Silver, Thank you for the support, my friend.
47:31
And then Frank Kavigia. Kavigia, Frank Kavigia, hold on
47:35
here. I'm going to be able to read
47:36
this. I'm going to pull it up on my
47:38
screen. He says stack physical precious
47:40
metals while you can. And that's true.
47:43
I mean, hey, look, nobody knows for sure, right?
47:46
I'm not. I'm, I'm.
47:47
Yeah, we, I could be dead wrong. Don't make any financial
47:49
decisions probably based on anything I say here.
47:52
But I'll tell you folks, there might be a day where you go to
47:55
your local coin shop and they don't have anything.
47:58
I digress. He also asked when will mining
48:00
stocks reflect the true value of their product.
48:04
Look and, and, and Frank, what you might want to do is go back
48:08
to my live stream I did earlier today and I, I showed the I
48:12
showed the the Huey index, the big gold mining stock index
48:17
compared to the price of the Dow.
48:22
And it's like at historic low levels.
48:24
The reality is even the big mining stocks just to get back
48:28
to like more reasonable levels really should be like 102
48:34
hundred 300, even four or five 100% higher.
48:37
The junior mining stocks have been obliterated, right?
48:40
All the junior miners, even the you know, are just as
48:44
unbelievable. It'll happen the way it the,
48:47
the, the chain of events happens like this.
48:49
First the physical price of gold goes up, then the big mining
48:53
companies go up and that's just started, OK, Like I said with
48:57
that Hui index compared to the NASDAQ or whatever you want to
49:01
look at the Dow, any of it, it's now just starting to move up.
49:05
Then the mid size mining companies move up, then the
49:08
junior mining companies, the companies that have one little
49:11
mine somewhere that makes you know, whatever, 40,000 ounces of
49:14
gold a year. I'm not putting anybody down.
49:17
And then after that, silver moves around that same time.
49:20
So that's when silver plays catch up.
49:23
Then you get the the development stage companies, companies like
49:28
channel sponsor, first mining gold, they'll move and then
49:32
finally the exploration stage companies will move.
49:35
So it'll happen, right? I mean, you know, there's no
49:39
guarantee that it'll happen, but when it does happen, it does
49:43
happen in that order. And we're probably right now in
49:46
maybe like the second inning of that move.
49:50
So there's a lot of room to run, right?
49:53
There's no guarantee, right? They could pull the rug on us
49:55
again. But when it does play out again,
49:57
that's how it will play out in that order.
50:00
There's one when one say thing about that one to add to it.
50:03
You know, we most people were not alive and doing 1929.
50:07
But if we look back, if we research back in 1929 during the
50:12
stock market class, the only stocks that did really well was
50:16
the mining stocks. The mining stocks took off and
50:20
they held. So not financial advice, but you
50:23
know, people might want to look that up, what really happened in
50:26
1929, because there's plenty of information what really took
50:30
place back then and how well mining stocks did.
50:35
We got more breaking news, Chris.
50:37
Chris, you want to hear about $90.00 silver?
50:39
What about $150.00 silver, right?
50:42
The silver price can go to $150.00 and I'm going to show
50:46
you the reasons why right now. Are you ready?
50:50
I'm ready. Let's do it.
50:51
Let's do it to it. OK, We're going to go out to an
50:54
article by the Silver Academy. Behind the curve, the Fed Fuels
50:59
Gold and Silver rally when gold skyrocketed by 5 times and this
51:05
setup is better is the best ever witnessed.
51:08
So when did gold go up by 5X? So this is has all to do with
51:12
when the Fed cut rates. All right here, right here.
51:16
Last time the Fed was this far behind the curve was 2007.
51:20
Gold rose almost 3 * 300% from $700.00 an ounce to $1900.00 an
51:27
ounce over the next four years. That was during the the GFC, the
51:31
great financial crisis. But the news gets even better.
51:34
Silver rose 5X from under $9 to $48.
51:40
So we're going to, we're going to, we're going to skip through
51:43
the show's gold. I'll just show you real quickly
51:45
here, make sure I got this up on the screen, which I do, OK?
51:49
From O 7, you can see the yellow line gold, right, was what,
51:54
seven, $800.00 an ounce. The green line is the Fed, the
51:59
Federal Reserve's interest rate, as you can see, right about
52:03
what, O seven O 8, about halfway through O 7, they started
52:06
cutting rates like they're doing right now, OK?
52:09
And we're from about the exact same level.
52:11
If you look over on the right side where we are now, they cut
52:14
rates for a couple years, but from the point where they
52:18
started cutting rates until gold peaked, it went from like 700 an
52:22
ounce to just under $2000 per oz.
52:26
So if we apply that same logic, right, I think they said almost
52:30
3X to the let's say $2500 gold price, which is where gold is.
52:35
Now if gold can follows that same pattern and gold goes up
52:40
three times from where we are right now, which is the Fed just
52:44
starting to cut rates and it went up 3X back in O seven, that
52:47
would be 7500 + 8000 plus gold. But look at silver.
52:52
OK, this is a very interesting chart.
52:56
The green section there, right? That's when the Fed started
52:59
cutting rates. Again, if you look over on the
53:01
right, it's about the same exact level we were at.
53:04
The black line is the Fed, is the interest rates from the Fed.
53:07
They started cutting rates, boom, boom, boom, boom, boom.
53:10
For about a year and a half, silver was under $10 per oz.
53:14
And from the point where the feds started cutting rates,
53:16
silver went from under 10 all the way to 50, almost a 5X.
53:21
So if you apply that same thing, cuz here we are now over here
53:25
and the Fed just started cutting rates.
53:28
If, if the same reaction were to occur over the next four or five
53:32
years, we're talking about a 5X return, that's where we could
53:37
see the unbelievable number of $150.00 silver, right?
53:41
That so many people scoff at. But but you know, it's, it
53:46
shouldn't be scoffed at. I mean, you can look at so many
53:49
different historical ratios and relationships that show.
53:53
I showed one this morning that shows that silver should be a
53:55
550 or even $1100 per oz. I mean, it's just absolutely
53:59
crazy. One, just one point, during that
54:02
time run, we didn't have wars breaking out.
54:05
We didn't have all this Geo stuff going around the world we
54:09
didn't hear about. We didn't know about the bricks
54:11
back then. With all this uncertain coming
54:13
on, add that into the mix, how much more is that going to take
54:18
off? Never mind the 5 * 4 * 3 times,
54:21
it could 12X15 X 20 * X and you know who knows?
54:25
You know, whoa, whoa, whoa, whoa, whoa, whoa, whoa.
54:29
Chris, I want to add something to what you said.
54:31
We also we had debt back then, but we didn't have debt like we
54:35
got now, right. We didn't have in, in the debt,
54:38
in the, in the interest expense on the debt and the and the
54:42
money creation and the. So we're, yeah, sorry, I had to
54:46
throw that in there. And guess what, we have more
54:48
people in the United States than we did back then, too.
54:51
That's another point too. We have more people and we we
54:54
didn't have the inflation like we have now on top of it back
54:57
then too. I mean, all these things are
54:59
going to add up. And at what point is this bubble
55:03
really going to break? And you know, we're at almost
55:07
crucial levels for silver right now.
55:08
We are so uncharted 3250 plus there's not a lot of history.
55:15
We're still we can go, yes, we've been to $50 over twice.
55:20
There's not a lot of history in between that or above it.
55:23
We we, we know there's not no history above that, but between
55:27
30 and 50 there's not a lot of the history chatting to say what
55:31
it's really going to do. Yeah, no, things are different.
55:35
I mean, I really appreciate you bringing that up and I know the
55:37
viewers thank you as well because we can look at those O
55:41
seven O 8 things were really bad, no doubt about it.
55:44
But like you said, right, we didn't have the wars going on.
55:48
We didn't have, you know, the amount.
55:50
Of National. Inflation going, I mean, yeah,
55:53
it's, I mean, but everybody's asleep, right?
55:56
Except for the 500 people, Chris, who've chosen to come
55:59
down in the basement with us today.
56:01
And I want to say thank you to each and every one of you.
56:06
There's only one you, right? I can see you, Chris can see
56:09
you. You're in the basement with us.
56:11
You're part of this group. You're always welcome here.
56:14
Leave comments in the comments section.
56:16
That's how we can learn. If you don't agree with me, hey,
56:18
that's OK. Trust me, Susie will vouch for
56:21
that. It's OK to not agree with me
56:25
anyway. Some.
56:26
Sometimes you and I don't even agree, Ron.
56:28
Yeah, that's right. That's right.
56:30
And we're both always right. But no, seriously, it's a big
56:33
deal. When you guys come here, please
56:35
subscribe to the channel. Please go check out Coin Shop
56:39
Chris on YouTube. Just go to the YouTube search
56:41
bar, type in coin shop Chris, subscribe to his channel, puts
56:44
out a video every day. And our videos are, are
56:46
different. You know, he's he, he knows a
56:49
lot about coins. He knows a lot about what's
56:51
going on in the kind of more the numismatic side of things.
56:55
We complement each other. So you can got a lot you can
56:57
learn from coin shop. Chris, most important, I want to
57:00
say again, thank you for coming down here in the basement,
57:03
right? It's getting crowded, guys, and
57:05
there's only so much room. So you're a a founding basement
57:09
dweller member. Chris, any final words you want
57:12
to share with the audience? Before we bid here, well, thank
57:15
you for putting my channel out. Thank you to everybody out there
57:17
who have subscribed to my channel.
57:19
I appreciate you all. And you know, Ron, if you need
57:21
help moving some of that stuff out of the basement, notice I
57:26
call it stuff and not junk, but you know, I'll be happy to take
57:30
a flight up there to help you move that stuff out of the
57:33
basement so we can fit more people in.
57:35
Well, I know you love junk. At least I know you love junk
57:37
silver. So if you call this junk down
57:39
here, I'll take that as a big compliment.
57:42
I I, I remember I'm the Fred Sanford of junk.
57:45
The Fred Sanford of junk Silver. Hey everybody, have a great rest
57:49
of your weekend. Thank you for being here.
57:52
OK, on behalf of myself, Coin Shop, Chris, Susie, thank you to
57:56
the moderators. I almost forgot which would be
57:58
big as the moderators are a big part of this.
58:01
Jake from Jake's Custom Parts, Big Tim the Silvershire and of
58:04
course Annie Oakley. Thank you to Susie, we love all
58:08
you guys. Have a great weekend and we'll
58:09
see you soon. Bye bye.
58:11
See you all soon. Bye bye.