Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🔥SILVER Investor🔥- THIS is SHOCKING News! - (MASSIVE Alert and Update for Gold and Silver Price)

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🔥SILVER Investor🔥- THIS is SHOCKING News! - (MASSIVE Alert and Update for Gold and Silver Price) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Milestone that will have major impact on the price of your
• 0:05
  silver, your gold, your precious metal mining stocks.
• 0:09
  We're going to talk about that first, but then later we're
• 0:12
  going to cover big, big news, right?
• 0:15
  Things that are just creating so much uncertainty right around
• 0:21
  what Elon Musk, Vivek, Donald Trump are going to do to the
• 0:25
  economy in 2025. Guys, this is major big news.
• 0:30
  We're in a honeymoon period right now, right, post election.
• 0:34
  But when we go into 2025, once we get through the holidays, and
• 0:40
  Peter Grandich pointed this out to me this morning when I was
• 0:42
  talking to him, 2025, there's a bit of uncertainty, OK?
• 0:47
  And Peter Grandich pointed out this idea that we're in a
• 0:50
  honeymoon period right now, right?
• 0:52
  We're in the Trump slump for the precious metals, but the overall
• 0:56
  markets are acting like everything's hunky Dory.
• 0:59
  It's going to be an interesting 2025.
• 1:02
  I'm going to break down to you some shocking news about what we
• 1:05
  can expect as we head into next year.
• 1:08
  But first guys, well, first and foremost, thank you for being
• 1:12
  here, right? I hope you feel like you're part
• 1:15
  of the tribe and that you'll want to subscribe because we're
• 1:19
  going to talk about silver and gold every single day.
• 1:22
  We're going to talk about precious metal mining stocks and
• 1:25
  we're going to dig a little deeper than the average bear.
• 1:29
  I know you, right? The viewer here in Ron's
• 1:32
  basement, you are. I'm not going to pat you on the
• 1:34
  back too much, but I know you are of a little superior
• 1:38
  intelligence. You get a little more horsepower
• 1:41
  up there than the average person.
• 1:43
  You want to go a little deeper than the children's news
• 1:46
  network, CNN. Nothing wrong with watching Fox
• 1:49
  News or CNN, but you want to know what's really going on.
• 1:52
  So thank you for being here. Let's go out and take a look at
• 1:55
  this guy's. It finally happened.
• 1:57
  Put on your party hats. Congratulations, U.S.
• 2:00
  government. You now have $36 trillion of
• 2:06
  debt. It rolled over, guys.
• 2:09
  This will paint the picture of everything else that we talked
• 2:14
  about today. This will paint the picture,
• 2:17
  right, of your future as a silver and gold investor.
• 2:22
  This will affect you, you. This will affect your children,
• 2:26
  your grandchildren, OK, as Americans, if you're an
• 2:30
  American, if you're joining us from a different country, you
• 2:32
  might be snickering at us. But nonetheless, this is a huge
• 2:35
  deal. Now, the next number we'll be
• 2:37
  reaching is watching. Is this one down here, interest
• 2:41
  on debt, right? That's approaching $1 trillion,
• 2:45
  guys. It is so, so critical for us to
• 2:48
  remember and understand that we are in a rising interest rate
• 2:54
  environment again right now, nothing makes sense.
• 2:57
  I understand, right? Remember the Fed cut interest
• 3:00
  rates seven weeks ago, cut interest rates what last week
• 3:04
  again? Then why is this happening?
• 3:06
  Let's go just quickly take a look here because this will have
• 3:10
  major, major impact on the United States government's
• 3:16
  ability to or look, we're at almost 4.5% on the 10 year bond,
• 3:23
  the 10 year note. You can see up there where my
• 3:25
  little yellow cursor is. I mean, remember right here is
• 3:28
  when they cut rates. How come Jerome Powell cut rates
• 3:33
  and now the rates are so much higher anyway?
• 3:37
  Oops. Let's go back here to the debt
• 3:39
  clock just one last time. Take a look at that $36
• 3:42
  trillion. Need I remind you that a
• 3:45
  trillion dollars is equal to $1 trillion is equal to 1,000,000 *
• 3:52
  1,000,000. And now we got 36 of them.
• 3:55
  OK, the dollar to silver ratio, of course, it went up again,
• 3:58
  $996. Let's update our chart together
• 4:02
  and we will go out here and 996 paper dollars are being created
• 4:12
  for each one ounce of silver that's being mined this year.
• 4:18
  That's the M2 money supply. Paper money is increasing by 996
• 4:23
  U.S. dollars printed money, right?
• 4:25
  Unicorn fart dust out of nowhere for each one ounce of silver.
• 4:30
  I'm not saying that the silver price should be $996.
• 4:35
  This is just a very interesting comparison or ratio that we can
• 4:40
  look at that shows just how much money is being printed for each
• 4:45
  one ounce of silver that's being produced.
• 4:49
  I think the silver price should be $96.00, but soon it will be
• 4:55
  996 dollars. Wow.
• 4:56
  Thank you guys all for being here this morning.
• 4:59
  Let's do a little more of a silver update and then we're
• 5:02
  going to dig into this. Unbelievable.
• 5:05
  This will rattle you. You will be startled.
• 5:07
  You'll be taken aback when you think about this massive change
• 5:12
  that's being proposed for the United States as we go through
• 5:16
  2025. It will create uncertainty and
• 5:19
  there is nothing. It is the friend of precious
• 5:22
  metals like uncertainty. Well, maybe inflation, but
• 5:26
  inflation and uncertainty in 2025.
• 5:30
  Are you getting a little warm fuzzy feeling?
• 5:32
  Are you feeling it? I'm telling you, I believe we're
• 5:36
  in for some really great times in the precious metals.
• 5:38
  So silver's been holding tough. Let's go get an update on the
• 5:42
  silver and gold price and let's let's talk about something very
• 5:47
  positive. This is not the updated price.
• 5:49
  So hold your breath here. All right?
• 5:51
  Silver down 13 cents, $30.32 gold $2563 per oz.
• 5:58
  We are here at channel sponsor Pimbex website Pi MB EX.
• 6:04
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• 6:08
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• 6:12
  what Pembex can do for you to the other big online bullion
• 6:16
  dealers. What I often find, especially
• 6:19
  with silver, is I can buy silver rounds, sovereign silver coins.
• 6:24
  The exact same thing that the big mega online bullion dealers
• 6:28
  are selling. The exact same thing, often
• 6:31
  times for a dollar and sometimes even $2.00 per oz cheaper.
• 6:36
  Yes, they really do have ultra competitive pricing.
• 6:39
  Find out for yourself, do your own due diligence.
• 6:42
  You'll also find a great selection and what's most
• 6:45
  important, a company you can trust.
• 6:46
  And guys, this is paramount. Wow, thank you.
• 6:52
  Somebody's calling me on the carpet here.
• 6:54
  Hold on a second. Our good friend Jasper.
• 6:58
  Jasper thought he gave us some debts from Denmark.
• 7:01
  I believe 17. Still expecting $44.00 by silver
• 7:04
  by Christmas. So am I.
• 7:06
  What is that? A month and 10 days away.
• 7:10
  I'm still holding that we can have $44.00 silver by Christmas.
• 7:14
  I know, and I said from the get go that I could be wrong, but I
• 7:17
  am still holding my, my, my prediction that we will get
• 7:22
  $44.00 silver by Christmas. Now, oh, big warning guys, if
• 7:26
  you're ever going to convert an IRA into gold silver, please be
• 7:31
  very, very careful. Shop around, OK, and, and, and
• 7:35
  I'll just make a recommendation that you consider also talking
• 7:39
  to Mike and Brian at PMBEX. And, and before you make any
• 7:43
  decisions, just look at how many ounces of gold and silver you're
• 7:47
  actually going to get from the different options that you have,
• 7:51
  right? The big companies that advertise
• 7:53
  on Fox News, all that compare, compare how many ounces of
• 7:56
  silver and gold pin backs can get for you compared to those
• 8:00
  big companies. Not giving financial advice, not
• 8:02
  telling you what to do. I'm just saying you may benefit
• 8:05
  from taking your time in doing a thorough comparison.
• 8:08
  Now let's go. Thank you Jasper for that super
• 8:11
  chat. Oh, also, by the way, I had a
• 8:14
  nice PayPal donation from Antenna HQ Super Chats.
• 8:18
  PayPal donations are never well, they're not necessary, they're
• 8:22
  not expected. They are greatly appreciated.
• 8:25
  So thank you guys. All right, let's get back to the
• 8:27
  silver price update here because we got a lot going on.
• 8:31
  Let's go see what our friend the Shanghai Ghost is telling us for
• 8:38
  today's data from the Shanghai Gold Exchange.
• 8:42
  And yes, I say hi because the price in Shanghai always is
• 8:46
  higher. And this is a physical market.
• 8:49
  When we take a look at what's going on in China, right,
• 8:52
  there's Silver AG and here it is in U.S. dollars $32.48, like
• 9:00
  $2.00 higher per oz, still not 10%, probably more like 7 or 8%.
• 9:05
  But guys, the big critical thing that we will remind ourselves of
• 9:08
  every single day is that's the physical price.
• 9:11
  That is more of a physical price $32.48 than any of this make
• 9:17
  believe. Hold on, wrong screen.
• 9:20
  Here we go. There you are.
• 9:23
  I see you and I know you got a name.
• 9:25
  Think of your name because you're a very important part of
• 9:28
  this community. I mean that.
• 9:30
  But that price in Shanghai is the physical price.
• 9:35
  That's the real price. You got to have physical metal
• 9:38
  to trade in China. China is taking over.
• 9:42
  Taking over. Well, maybe that's a bit of an
• 9:45
  exaggeration, but they're definitely becoming a dominant
• 9:48
  player and growing. So I think we can say taking
• 9:51
  over the trading for precious metals, right?
• 9:54
  They're saying, hey guys, we're we're we'll take the baton.
• 9:58
  Thank you Comex. Thank you LBMA, right, the
• 10:01
  London Million Market Association, they've been
• 10:04
  manipulating the price of metals for centuries right now, right?
• 10:08
  The Chinese are taking it over and it's a physical market.
• 10:11
  Not like the COMEX, right? Right.
• 10:14
  Not like the LBMA. They trade paper.
• 10:16
  What? What we like to refer to as
• 10:19
  Unicorn fart dust silver. Make believe, make believe.
• 10:25
  How can it not be manipulated? I ask you?
• 10:28
  I beg you, right? I don't know.
• 10:31
  How could it not be manipulated? Look at this.
• 10:33
  Let's go see what the dude has to say.
• 10:35
  Our good friend the dude on X. This is yesterday's electronic
• 10:41
  paper. You can't see that?
• 10:43
  Hold on here, Let me show you proof, right.
• 10:47
  Thursday, the 14th of November. This is yesterday's electronic
• 10:51
  paper. Unicorn fart dust Silver data.
• 10:54
  The silver market traded. It only traded 448 million paper
• 10:58
  oz yesterday only 448 million. I need to look you in the eye.
• 11:06
  Don't forget. Thank you.
• 11:07
  Your name today's today's name day.
• 11:10
  My name's Ron. What's your name?
• 11:11
  Right. But we're all together, and I
• 11:13
  want you to think about this. Yesterday, that was a lower
• 11:17
  number than we've had. They traded 450 million ounces
• 11:21
  of paper silver. Do you know how many ounces of
• 11:27
  silver are produced on a yearly basis the entire year by the
• 11:33
  mining industry throughout the entire world?
• 11:36
  About 800 million, maybe 850 million.
• 11:39
  It doesn't really matter because that number from yesterday, the
• 11:43
  450 paper, that's at least half in one day, in one day, which
• 11:50
  was not even a of, of like a, a big day for the paper markets.
• 11:54
  In one day, they traded half or more of the entire year's output
• 12:01
  from the minds of silver. And you, we got to think, you
• 12:05
  know, we, let's take a step back here and think about silver.
• 12:07
  We don't talk about this enough, OK.
• 12:09
  You got to understand there are men and women all over the
• 12:13
  world, a lot in Mexico, a lot in South America, some in the
• 12:17
  United States, up in Idaho that are toiling right now.
• 12:20
  It's hard work. It was really hard work.
• 12:23
  I mean, I watched this thing about the Potosi silver mine,
• 12:27
  which is like northern Bolivia and maybe now it's Peru, I don't
• 12:30
  know. But Potosi was like the biggest
• 12:33
  silver mine in the world. I don't know, 34500 years ago,
• 12:36
  like half it like the, the, the, the, the men.
• 12:39
  And it was mostly men, men that went into that silver mine to
• 12:42
  work for, like their shift, like only half of them came out.
• 12:46
  I think they made them stay in there for like days at a time.
• 12:49
  I mean, this is hard work, right?
• 12:51
  And still to this day, there are people toiling.
• 12:55
  It takes human energy. It takes oil.
• 12:58
  It takes a lot of work to get one ounce of silver out of the
• 13:01
  ground. And then these crooks at the
• 13:05
  LBMA in the Comex, and we can call them crooks because they've
• 13:08
  been convicted, right? They can in one day trade
• 13:12
  electronic, make believe silver, right?
• 13:15
  That's equal to half of the entire world's output.
• 13:18
  They can leverage it up at 100 * 200 times.
• 13:22
  It's kind of disrespectful. Yeah, I think.
• 13:25
  Don't you right. They can just oh, we can we can
• 13:27
  make silver out of nothing. Where you got men and women
• 13:30
  right now all over the world. We salute you silver workers
• 13:34
  that are that are busting their tails to get that silver out of
• 13:38
  the ground. I digress.
• 13:39
  OK. Oh, this is interesting.
• 13:41
  Let's as we told you, we look well, last thing on silver, then
• 13:44
  we're going to go to shocking news, right?
• 13:48
  Shocking news from Elon Musk. All right, But this, this is
• 13:53
  super interesting about silver, silver demand by sector in 2015
• 13:59
  versus today. So how has the demand for silver
• 14:03
  changed over the last 10 years? Here we go.
• 14:06
  Let's just pull this up. There it is.
• 14:11
  Make sure I got you on the right screen, which I do.
• 14:14
  OK, guys. So on the left is 2015.
• 14:18
  Let me get my crayons out. OK, here, demand in 2015.
• 14:27
  Here's demand in 2024. Take a look at some of these
• 14:32
  numbers. It is startling.
• 14:34
  OK, from down here, let's look at the bottom.
• 14:37
  That's photovoltaic, where my little cursor is.
• 14:40
  Look how small that was that solar panels.
• 14:43
  Look how huge it is now up here, up almost 300% in just ten
• 14:49
  years. The other area that really took
• 14:52
  off was electric, electrical and electronics.
• 14:56
  Look how it took off, right up 20%.
• 14:59
  Now this is actually good news. Net physical investment down
• 15:04
  30%, right, OK. And a lot of the other things
• 15:08
  stayed about the same. This is jewelry right here kind
• 15:13
  of hard to read this, isn't it other industrial right here
• 15:16
  silverware and some brazing other things down there.
• 15:20
  But the two key things to look at on this chart are that we
• 15:23
  have this area here right, photovoltaics and this up here
• 15:29
  electronics are growing like crazy.
• 15:31
  But what's really the secret hidden message in this is that
• 15:34
  we've got net physical demand right here, OK, has gone down by
• 15:41
  30%. Why is that good news?
• 15:43
  Why is that a little secret? That's a big secret because when
• 15:46
  the demand comes back from the investment community, you want
• 15:50
  to talk about rocket fuel, right?
• 15:52
  You know, silver at 30 bucks an ounce, Hey, it's hanging tough,
• 15:56
  no doubt about it. But we want $44.00 silver.
• 16:00
  We want $64 silver. And what will propel it to those
• 16:04
  levels, right, will be this continued industrial demand.
• 16:09
  But what will really, That's not it.
• 16:11
  Nope. Sorry, buttercup, that's not the
• 16:13
  right answer. The right answer is investment
• 16:16
  demand. And the fact that investment
• 16:18
  demand is down, right, year over year over the last 10 years is
• 16:24
  down is actually a good thing because that means the runway
• 16:28
  ahead for improvement, the path of least resistance is for,
• 16:35
  excuse me, it's more increased demand in those metals.
• 16:40
  So hold on, things are going to get much, much, much, much
• 16:43
  better. Is Elon Musk and Donald Trump,
• 16:47
  are they going to inject so much uncertainty over the next couple
• 16:51
  years that that alone, right? We know we've got the world
• 16:54
  record national debt, 36 trillion.
• 16:57
  We know we have inflation coming, no doubt about it.
• 17:00
  But will the uncertainty that could be created in the economy
• 17:04
  in 2025, could that alone act as a major catalyst to push the
• 17:10
  silver price and gold price higher?
• 17:12
  Because we just keep getting report after report of absolute
• 17:16
  stunning information. Look at this.
• 17:18
  Look at this one. OK, This is from CNN.
• 17:24
  Elon Musk wants to radically reshape who controls America's
• 17:28
  money supply. And we got it.
• 17:29
  Gets even better. OK, I do not want this
• 17:32
  summarized. OK, there we go.
• 17:36
  There's Elon, there's Donald Trump.
• 17:37
  And I don't know who that is in the middle.
• 17:40
  Caitlin Collins. OK, Caitlin, nice to meet you.
• 17:44
  It's she looks like she's staring at us, doesn't she?
• 17:47
  Hello, Caitlin. What did we do wrong anyway?
• 17:51
  President Trump has returned to the White House already carried
• 17:56
  the potential for sweeping changes at the Fed, in the Fed
• 18:00
  and the Fed, OK, we even have this senator from Utah putting
• 18:05
  forth legislation to end the Fed.
• 18:07
  But now a growing question is not how the central bank will
• 18:11
  operate under Trump, but if it will continue to operate at all.
• 18:15
  Elon Musk, a key Trump backer who's expected to have
• 18:18
  considerable sway in helping shape Trump's policies.
• 18:22
  And we now know that he and V Beck are in charge of this DOGE
• 18:26
  committee include Elon recently put a 100 emoji while re sharing
• 18:33
  Republican Senator Mike Lee from Utah's post on X calling for
• 18:37
  abolishing the Fed. OK, whoa, take a step back here,
• 18:42
  guys. This is Elon Musk, who now has a
• 18:47
  critically important role in the next presidential
• 18:50
  administration, right? And we know who Elon Musk is,
• 18:54
  and this is him, right? Giving A100A thumbs up basically
• 19:00
  to a tweet by a Utah senator who's calling to abolish the
• 19:05
  Fed. Did we read that right?
• 19:08
  I mean, I know we're kind of putting a couple pieces
• 19:10
  together, but the trend, Yeah. Senator Mike Lee of Utah here,
• 19:16
  What did he say? The executive branch should be
• 19:18
  under the under the direction of the president.
• 19:21
  Hours after Fed Chair Jerome Powell told reporters he
• 19:24
  wouldn't resign if Trump asked him to.
• 19:26
  The Federal Reserve is one of many examples of how we deviated
• 19:30
  from the Constitution in that regard.
• 19:33
  Yet another reason why we should end the Fed and, and Elon Musk
• 19:39
  is, is giving A-100 emoji a thumbs up to this whole
• 19:42
  situation. OK, it says here.
• 19:46
  Calls to abolish the Fed are hardly new.
• 19:48
  Former Congressman Ron Paul, a hero to many of you who ran for
• 19:52
  president once as a libertarian and twice as a Republican,
• 19:56
  published a book in 2009 called End the Fed.
• 20:01
  OK. Then in June, Republican
• 20:03
  Representative Thomas Massie of Kentucky and Lee introduced
• 20:08
  corresponding bills aimed at uprooting the nation's central
• 20:12
  bank and shifting its responsibilities to the Treasury
• 20:16
  Department. Think about this, guys.
• 20:18
  They're talking about ending the Fed.
• 20:21
  Will it happen? Nobody really predicts this is
• 20:24
  going to actually happen like in the coming year, year, 2 years.
• 20:29
  But what's critical for us to understand is there's a new
• 20:33
  level of awareness and not just awareness, but also support,
• 20:38
  right? That's not just Ron Paul by
• 20:40
  himself, which is what it had been in the past.
• 20:43
  Now we're getting more and more elected officials and citizens
• 20:48
  like us who are saying, hey, the feds kind of a RIP off, right?
• 20:51
  The whole thing is set up to RIP off the middle class.
• 20:55
  They'll say, oh, we're trying to provide price stability.
• 20:57
  Price stability would be 0% inflation, Jerome, not you
• 21:02
  aiming, aiming to take just 2% of people's money from them
• 21:07
  every single year. It gets even more interesting.
• 21:10
  Guys, this, it's getting crazy what they're talking about what
• 21:16
  Elon Musk and Vivek Ramaswami. So this is for those of you who
• 21:21
  don't know, President Trump has appointed them to a new
• 21:24
  Commission of the Department of Government Efficiency, DOGE,
• 21:29
  kind of a nod to Dogecoin, and they're talking about gutting
• 21:33
  the federal government. Wait till you wait till you hear
• 21:35
  some of this, OK? He put he put Elon Musk and
• 21:39
  former presidential candidate D back with cutting government
• 21:43
  spending and, quote, making changes to the federal
• 21:46
  bureaucracy with an eye on efficiency.
• 21:50
  Years of comments from both men suggest they could aim to do
• 21:54
  much more than slam down Washington.
• 21:56
  They appear poised to make a run in abolishing huge areas here.
• 22:03
  Musk, that 99 federal agencies is more than enough.
• 22:06
  That was just Tuesday of this week, after Trump's announcement
• 22:10
  was made official. That suggests massive coaling of
• 22:14
  the hundreds of existing agencies, with the Bureau of
• 22:18
  Alcohol, Tobacco and Firearms and the Education Department
• 22:22
  already in focus. Musk later a minute is count
• 22:27
  even lower, overlooking how a government database shows there
• 22:30
  are 80 agencies. There's 80 government agencies
• 22:34
  to begin with the letter U alone.
• 22:36
  I mean, it's crazy between them. Rusk and Ramaswami have also
• 22:39
  directly discussed eliminating high profile areas like the
• 22:43
  Education Department, the FBI and the Internal Revenue
• 22:48
  Service. I mean, hold on a second here.
• 22:52
  Let me look you in the eye. Is this not starting to feel a
• 22:57
  little crazy? I mean, this could, this could
• 23:01
  create shock waves in the United States and through the US
• 23:05
  economy. Look, I'm not saying that that's
• 23:08
  a speculation that, but even though that's being discussed,
• 23:12
  eliminating the FBI, eliminating the Education Department, I
• 23:16
  mean, we are in for a period of change in this country,
• 23:20
  potentially here if a third of this comes to fruition like
• 23:24
  we've never seen before. Ramaswami promised the
• 23:28
  elimination of at least five larger agencies during his run
• 23:32
  for presidency last year. He also discussed cutting 90% of
• 23:37
  the staff at the United States Federal Reserve.
• 23:41
  Don't worry, Jerome, your job is safe.
• 23:45
  This will send shockwaves through the system is what Musk
• 23:48
  said. But how deep they can do blah,
• 23:51
  blah, blah, who knows. So guys, this is just absolutely
• 23:56
  stunning developments going on right now in our country.
• 24:00
  Just discussion about cutting 90% of the people at the Fed,
• 24:06
  you know, I mean, how are they going to print all that money?
• 24:10
  What's Jerome going to do? You know, poor Jerome.
• 24:13
  He's over there in his box. It's not a it's not a good
• 24:16
  situation. Let's just hope.
• 24:19
  I was laughing as I was reading all those agencies they want to
• 24:23
  eliminate in our government. Let's just hope they don't
• 24:26
  accidentally eliminate themselves.
• 24:29
  I guess that'll be their last department they eliminate.
• 24:32
  They'll get rid of 75% of the federal employees and then
• 24:37
  they'll eliminate the the Department of Government
• 24:39
  efficiency, the doge. At the end of the day, they're
• 24:41
  talking about having this all completed by July 4th of 2026,
• 24:48
  which will be what, the 250th anniversary of the country,
• 24:52
  right? Isn't that the Declaration of
• 24:54
  Independence was signed on in 1776?
• 24:59
  I can't believe that. Do you remember?
• 25:00
  Let's just let's get personal here for a second.
• 25:03
  I remember I was six years old. I was in kindergarten and I had
• 25:06
  my mom has a picture of being at the Bicentennial parade.
• 25:12
  Where were you in 1976? Think about that for a second.
• 25:15
  That was a long, oh, man, that's 50, almost 50 years ago, guys.
• 25:19
  Unbelievable. OK, let's move on here.
• 25:23
  We got more to talk about basement dwellers quickly.
• 25:27
  Let's go to this. Oh, here, here's Elon.
• 25:30
  This is this is one more thing from Elon.
• 25:32
  This is great. The excess government spending.
• 25:36
  I'm going to highlight this. And you know what?
• 25:39
  What color do you guys want today?
• 25:41
  Let's get our crayons out. What do you say we do this one
• 25:44
  in orange? There we go.
• 25:47
  All right, the excess government spending is what caused
• 25:50
  inflation. Let's read that again.
• 25:53
  Take a deep breath. Excess government spending is
• 25:58
  what caused inflation. Got you on the right screen.
• 26:03
  OK, this this is the result of excess government spending.
• 26:11
  This right below it, right? You might have been overlooking
• 26:14
  this $7 trillion is the US federal spending 7 trillion.
• 26:21
  But there's a little problem, guys.
• 26:23
  This is the amount of money the government brings in, 5
• 26:27
  trillion. So they're spending seven, but
• 26:30
  they're only bringing in five. And that created this deficit,
• 26:34
  and that created the need for money printing, right?
• 26:40
  Right. Money printing.
• 26:41
  What does money printing do that makes the value of the dollar go
• 26:44
  down? Oh, what happens when the value
• 26:47
  of the dollar goes down? Prices go up.
• 26:50
  That's why if you want to buy yourself a bag of Doritos today
• 26:54
  at your local normal grocery store name brand Doritos, it's
• 26:58
  going to cost you 6 bucks, whereas maybe eight years ago
• 27:02
  that same bag of Doritos cost you 3 bucks.
• 27:05
  You can talk about gas, milk, anything, eggs, it's all OK.
• 27:09
  So excess government spending is what causes inflation.
• 27:12
  This is Elon Musk, the head of the Doge department.
• 27:17
  All government spending is taxation.
• 27:20
  This is great. This is a very important concept
• 27:25
  to appreciate. All government spending is
• 27:29
  taxation. It is either direct taxation,
• 27:33
  like income tax, right? Because that's where they get
• 27:36
  part of the money that they spend, or indirect via inflation
• 27:42
  due to increasing the money supply.
• 27:45
  Guys, you know, I mean, love him or hate him, love him or hate
• 27:50
  him, Elon Musk is on our side. He understands.
• 27:55
  He understands. I got to, I got to be real
• 27:59
  honest with you, I'm surprised he's not more of a gold and
• 28:02
  silver bug. I mean, the guy gets it.
• 28:05
  The guy hits the nail on the head in terms of what is causing
• 28:08
  this massive issue that we're dealing with in this country
• 28:12
  right now. What about Warren Buffett?
• 28:14
  You know Warren Buffett, you know Warren Buffett, right?
• 28:18
  Legendary investor. He also has made massive,
• 28:22
  massive investments in silver in the past.
• 28:27
  You may not know that. But what's even more interesting
• 28:30
  about Warren Buffett is this. When it comes to silver and
• 28:37
  gold. OK, hold on here.
• 28:42
  OK, The greatest speeches on gold, Part 1, the human freedom
• 28:45
  rest. Wait a minute.
• 28:47
  Let me go back here. Think I messed this up.
• 28:50
  Did I mess this up? And hopefully you guys are still
• 28:52
  here with me. Oh, boy.
• 28:54
  Now I'm all screwed up. Hold on here.
• 28:56
  OK, well, let's let me. Let me just verbally tell you
• 28:59
  what I was going to visually show you, which is Warren
• 29:02
  Buffett loves silver. We know that Warren Buffett's
• 29:06
  daddy, his dad, right? And remember, father knows best.
• 29:10
  His dad was a politician. Now, I'm doing this all from
• 29:12
  memory, but what's critical to understand is his dad was a
• 29:15
  massive, I mean, massive gold bug, right?
• 29:20
  His dad talked about the the benefits of the United States
• 29:24
  being on the gold standard. This is Warren Buffett's daddy,
• 29:28
  OK? He was a big proponent of gold.
• 29:31
  He was a big proponent of precious metals.
• 29:34
  So we need to remember that. Let's go back to one more.
• 29:38
  Hold on here. Here we go.
• 29:45
  Fred Hickey. All right, super respected
• 29:48
  analyst. 24 hours from now, the US national debt will top 36
• 29:51
  trillion. It exceeded 35 trillion just 3
• 29:56
  1/2 months ago. Guys, think about that.
• 29:59
  In 3 1/2 months, the United States added another trillion
• 30:03
  dollars. That's a pace of darn near $10
• 30:08
  trillion per year. Is that right?
• 30:12
  Yes. OK, in 3 1/2 months we added a
• 30:16
  trillion dollars. the US government spent 584 billion in
• 30:22
  October, almost 80% more than it took in, in receipts during the
• 30:28
  month. We are in a debt spiral right
• 30:31
  now. It only took 3 1/2 months to add
• 30:34
  a trillion dollars. I got that wrong.
• 30:37
  So that would be about $3 trillion per year, but still,
• 30:41
  right, That's like three 3 million * 1,000,000.
• 30:47
  It's unbelievable. Worse, today the Republican
• 30:50
  controlled House passed the Social Security Fairness Act,
• 30:53
  which per CNBC report would add an estimated 196 billion to
• 31:01
  deficits over the next decade. Everywhere we look, guys, we are
• 31:05
  headed down a debt spiral doom loop.
• 31:09
  There's really no other way to look at this.
• 31:11
  We're going to run out and do an update on the gold and silver
• 31:13
  price. It wasn't looking good last time
• 31:16
  we did this. Here we are at Pembex.
• 31:18
  Everybody please take a deep breath with me.
• 31:20
  These are not the updated prices.
• 31:22
  We're going to update it and down $0.15 on silver.
• 31:26
  Gold down to 2560. Here's what I want to share with
• 31:31
  you regarding the silver price and gold price.
• 31:33
  You want to know, right, where are the gold and silver price
• 31:36
  going? I just got off an interview with
• 31:39
  Peter Grandage. He's saying that through the
• 31:41
  rest of the year, right? He's not calling for $44.00
• 31:44
  silver by Christmas. What he's calling for is a
• 31:47
  consolidation period here through the end of the year.
• 31:51
  That doesn't mean that we're going much lower than we are
• 31:54
  now. He says we're probably going to
• 31:56
  stay in this rough range where we are now.
• 31:59
  When I look out to 2025, I see like this massive level of
• 32:06
  uncertainty, right? We are in a honeymoon.
• 32:08
  Peter Grandage, I'll say one more time, said that earlier.
• 32:11
  Right now, does it feel like it were in this like Trump election
• 32:15
  honeymoon period where the stock market's going up, Bitcoins
• 32:18
  going up? We've been in a Trump slump for
• 32:21
  the silver price and gold price, no doubt about it.
• 32:24
  But that honeymoon period's going to wear off, right?
• 32:27
  And when we head into 2025 with bubble territory, stock prices,
• 32:33
  bubble Ponzi scheme, right? The stock market, right?
• 32:38
  And a lot of that has to do with passive investing has become a
• 32:41
  Ponzi. We're going to be heading into
• 32:43
  2025 with, who knows, maybe approaching $37 trillion in
• 32:49
  debt. We probably won't quite be there
• 32:51
  yet. A new administration that is
• 32:53
  talking about massive changes, a lot of uncertainty.
• 32:56
  We we're going to be moving into a a very, very interesting
• 33:01
  scenario. I want to go look at the chart
• 33:03
  on silver. I can't believe the 10 year bond
• 33:07
  yield. It is just exploding.
• 33:09
  Wow, the Nasdaq's down 2 1/4%. Not a good day to be invested
• 33:15
  in. So let's look at the gold price.
• 33:20
  Take a deep breath everybody, because where we are right now
• 33:23
  with gold and as we look at where we have come first, we'll
• 33:27
  look at where we've come over the last one year.
• 33:30
  Once this loads up for us, there we go.
• 33:33
  All right, one year. This is where we've come in one
• 33:39
  year on gold. Don't worry, we're going to get
• 33:40
  the silver. I mean, but come on guys, can we
• 33:43
  really, really complain about this performance that we've had
• 33:49
  in the in the gold price? Let's still.
• 33:52
  OK, All right, hold on here. Look at that.
• 34:00
  I mean, that is a still a upward trend.
• 34:02
  Sure, you can draw it like this, right?
• 34:05
  And say we broke under, you know that happens.
• 34:08
  All right, let's look at here. Let me just show you a quick
• 34:10
  example of other times that we broke under.
• 34:13
  I mean, if we were to draw, shoot, hold on, stay with me.
• 34:22
  If we were to draw a line from this point right up to like this
• 34:29
  point, I mean we've broken through that line of support
• 34:32
  several times. If we can consolidate here, and
• 34:36
  that's the big key. If we can consolidate in the
• 34:39
  gold price, the bull market. Several of you have sent this to
• 34:44
  me and thank you. I read all your emails.
• 34:46
  I read all the comments, OK. The bull market wants to throw
• 34:50
  as many people off like a bull. Think of a bull, the gold, the
• 34:54
  gold price, the gold price, bull market.
• 34:57
  Think of a bull, right, and a bull rider.
• 34:59
  It wants to throw as many people off as possible.
• 35:03
  That is what it is doing right now.
• 35:06
  It's getting rid of the nervous Nellies, right, who aren't, who
• 35:09
  aren't so sure they want to stay in gold.
• 35:11
  I'm so sure they want to stay in silver in building a solid base
• 35:16
  of people who generally are going to want to hold on to
• 35:19
  gold, right, for the coming year, the coming 2 years.
• 35:22
  I think they're going to be very, very happy that they did.
• 35:26
  As we do head into those years, let's go look at silver and see
• 35:29
  how much damage from a technical perspective we've had in the
• 35:33
  silver price. All right, there's gold.
• 35:42
  Come on, we're getting there guys.
• 35:48
  Here we go, there's silver, down $0.20 in the futures market.
• 35:51
  Come on silver, we need a better performance out of you.
• 35:55
  Let's let's go look at a one year performance chart on
• 35:58
  silver. Here we go, full screen.
• 36:08
  Sorry. All right, one year.
• 36:11
  There it is. That's a one year chart of
• 36:13
  silver again. Let's draw some lines on here,
• 36:16
  take some stock and where we, where we've been, where we
• 36:19
  started. And if we start back here in
• 36:21
  March, we had silver at $22.00. I mean, really, really, OK, if
• 36:29
  we draw that line right, we came down, we bounced off it.
• 36:33
  We came down, we bounced off it. We've got the silver chart looks
• 36:37
  a little healthier than the gold chart.
• 36:39
  I didn't realize that. Thank you for being here with me
• 36:42
  for this discovery, guys, as you can see, right?
• 36:46
  But still, let's just remember, started out, I mean, that was
• 36:49
  March, that was eight months ago.
• 36:52
  Silver, let's say has gone from 2250 to $30.50.
• 36:57
  It's still up significantly for the year.
• 36:59
  And let's go out and look at a longer term.
• 37:02
  Look at a two year chart on silver.
• 37:04
  Same thing. Hold on here.
• 37:08
  Wow, I'm feeling better about silver since we're spending this
• 37:11
  time together. OK, If we start say down here
• 37:16
  and draw a line, I mean look at that.
• 37:19
  Let's go to a five year chart and see if it looks any
• 37:23
  different. Oh, I mean, you know, I think,
• 37:29
  and I was thinking this earlier, you know, the Trump slump, as I
• 37:33
  like to call it, this, this downdraft that we've had in this
• 37:37
  price of silver and in the price of gold, right?
• 37:40
  Gold's down what it's seven, 8% since Trump's been elected.
• 37:43
  Silver, I think it was down 1213%.
• 37:47
  It's kind of the dust is settled, Jake, from Jake's
• 37:50
  custom parts. I don't know if he's on here
• 37:52
  right now. Thank you Jake and all the
• 37:54
  moderators for helping out and I got another super chat.
• 37:58
  Thank you Todd. Wow, Thank you, Todd Warsaw.
• 38:02
  And I think did I say thank you to Antenna HQ, who gave us a
• 38:08
  donation on PayPal? Hold on here.
• 38:13
  But the price has been held holding pretty well now.
• 38:16
  Now you need to do a gut. We need to do a gut check,
• 38:20
  Right. I know it feels horrible.
• 38:22
  Mining stocks are down. Silver's down 12%.
• 38:24
  It was at $35 not so long ago. Gold's down.
• 38:28
  It was at 2800. Now it's below 2600.
• 38:31
  Oh my gosh, the sky is falling. We should all just give up and
• 38:35
  sell our silver and gold, right? Wrong.
• 38:38
  If you look at any other bull market and if you just look at
• 38:42
  this massive bull market that we had in gold and silver from 2009
• 38:46
  to 2011, both gold and silver had much, much similar and even
• 38:53
  larger pullbacks. Many of them during that two
• 38:57
  year period right when when silver skyrocketed up to $50 per
• 39:01
  oz and gold I think topped out in 2011 at what 1900?
• 39:06
  But if you look at a chart, excuse me, during that period,
• 39:09
  we had, we had many, many times when the price of both gold and
• 39:13
  silver dropped as much or even more than they've dropped during
• 39:18
  this pullback. Now look, you know if instead of
• 39:21
  $44.00 for Christmas, we're Santa Claus is delivering $24.00
• 39:26
  silver, which I do not think is going to happen regardless,
• 39:32
  right? All bets might be off, OK, But
• 39:36
  I'll tell you right now we get $24.00 silver for Christmas.
• 39:39
  The basement will. And I know you guys been making
• 39:41
  a lot of comments. The basement's kind of a mess
• 39:43
  lately. I'll, I'll be selling everything
• 39:46
  down here to get our hands on more gold and silver.
• 39:49
  I want to say thank you to channel sponsor First Mining
• 39:52
  Gold. If you want a gold mining
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  company that has gold in the ground in Canada, a development
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  stage company, check out First Mining Gold.
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  They have two multi million ounce projects in Canada.
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  They're in the development stage.
• 40:05
  OK, Now if you want a producing company, thank you to channel
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  sponsor Fortuna Mining. They're mining silver and gold
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  in Latin America. They've been doing that for a
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  long time. And over the last couple years,
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  they have this rapidly expanding gold mining operation in West
• 40:23
  Africa. Thank you guys for being here.
• 40:27
  Thank you to the moderators. Oh, before I forget, if you want
• 40:32
  to get where is it hanging here, hold on, there it is.
• 40:34
  I don't know if you see that it's a dirty man safe hanging
• 40:38
  up. If you want to get your hands on
• 40:40
  a dirty man safe, you can go to their website dirtymansafe.com.
• 40:45
  There's a 10% off code. Ron 10 can learn about how you
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  can bury precious metals like the pirates did in the ground in
• 40:54
  your backyard. But wait, there's more.
• 40:56
  I'll be giving away a Dirty Man safe on December 30th of this
• 41:00
  year. There's a link in the
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  description of this video which will explain to you how to enter
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  the giveaway. It's real easy, real simple.
• 41:08
  Please help support the sponsors, including our friends
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  at Pinbacks. Right.
• 41:13
  It looks like gold and silver on a little bit of a sale again
• 41:15
  today. I think Pembex is best and you
• 41:18
  will too but I think your best. I appreciate you being here.
• 41:21
  Have a good day, take care of yourself and I will see you
• 41:26
  soon.