Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / I WARNED You 📣 - This Happens WHEN the Bubbles Burst! (silver price and gold price)

Transcript

I WARNED You 📣 - This Happens WHEN the Bubbles Burst! (silver price and gold price) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Are you ready for what's going to happen to the silver and gold
• 0:03
  price when the bubbles burst? And I'm not talking about the
• 0:09
  bubble in the silver price or the bubble in the gold price,
• 0:13
  because we know both those metals are probably a little
• 0:18
  undervalued right now. We're talking about the bubbles
• 0:22
  in the stock market. We're talking about the bubbles
• 0:25
  in the real estate market. We're talking about the bubbles
• 0:29
  in the debt market. What will happen to gold and
• 0:33
  silver? We're going to talk about that
• 0:35
  in this video because if you're anything like me, sometimes
• 0:39
  maybe we get a little worried and hey, us basement dwellers
• 0:42
  want to stick together. By the way, thank you for being
• 0:44
  here. Please subscribe to the channel.
• 0:46
  We're on a big drive to 40,000 subscribers.
• 0:50
  You can be a part of that. Make sure turn on notifications
• 0:53
  when you do subscribe and thank you in advance for any comments,
• 0:57
  super chats and thumbs up. Now let's dig in to what we can
• 1:02
  expect when the big bubbles burst.
• 1:12
  When those bubbles burst, we will see a fast and dramatic
• 1:17
  move into precious metals. That's my opinion.
• 1:20
  Don't make any financial decisions based on anything I'm
• 1:23
  saying. But that's my truth.
• 1:26
  And I base that upon the fact that as we look at what's
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  happened recently during the banking crisis, during the C19
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  crisis, any crisis that hits, we've seen a faster and faster
• 1:38
  move into precious metals. And are we starting to see it
• 1:43
  already? Let's run out to Kitco and see
• 1:45
  what they're saying about the Western investor in what they're
• 1:49
  doing right now with precious metals.
• 1:53
  Ernest Hoffman tells us that the Western investors are getting
• 1:56
  into gold for the long term, supporting prices globally and
• 2:02
  in India. Increasing interest from Western
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  investors is supporting a surge in gold prices around the world
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  and in India. That's according to Sakila
• 2:13
  Mirza, deputy CEO of the London Bullion Market Association.
• 2:18
  Oh, this comes from the LBMA says quote.
• 2:22
  Where the shift is coming is gold is no longer just
• 2:25
  interesting in Asia. It's becoming more and more
• 2:29
  interesting in the West. Let's think about that for a
• 2:33
  second, guys, because people are realizing we've got a bubble in
• 2:37
  the stock market. We've got a double bubble in the
• 2:40
  tech stock market. We know there's a bubble in the
• 2:44
  residential real estate market, and we know that interest rates
• 2:48
  are coming down South. Keeping money in traditional
• 2:51
  safe harbor investments like CDs or bonds is also going to become
• 2:56
  less attractive. We also know that inflation's
• 3:00
  going to take off, so that makes gold and silver all that more
• 3:06
  attractive. And doesn't that make sense?
• 3:09
  And Mirza said that Western investors are not only looking
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  at gold as a near term opportunity, but also getting
• 3:16
  involved on a long term basis. That means they have strong
• 3:20
  hands. They're not looking to make a
• 3:22
  quick trade. Long term stability through your
• 3:25
  investments, that's what gold has to offer.
• 3:27
  She said that shift from not just focus, focusing on the
• 3:31
  interest in Asia but actually in the Western markets is really
• 3:36
  supporting the price of gold. The Western investor has shown
• 3:41
  up to the party and that is a big, big, massive deal.
• 3:48
  Your neighbors are waking up. I know you're a basement
• 3:51
  dweller. You think outside the box.
• 3:53
  We were early, we woke up before everybody else, but now we have
• 3:57
  more and more of the generalist investors waking up to what we
• 4:02
  already know. And there's only so much room on
• 4:07
  the silver and gold lifeboat, only a few more seats and
• 4:11
  they're getting more and more expensive.
• 4:14
  We are in a recession right now. Before we talk about that, I
• 4:19
  want to say thank you to channel sponsor Pimbex Pi MB EX.
• 4:24
  They do check all the boxes. If you're looking to get your
• 4:27
  hands on some silver, gold, or platinum group metals before
• 4:32
  maybe that silver and gold lifeboat gets completely filled
• 4:35
  up. Please do yourself a favor and
• 4:37
  consider Pembex. I found they have ultra
• 4:41
  competitive pricing. A great selection.
• 4:44
  And what's really important. Is there a company that I can
• 4:48
  trust? You need to do your own due
• 4:49
  diligence, find that out for yourself.
• 4:52
  But based on the overwhelmingly positive response that I've
• 4:56
  received from basement dwellers who have given pinbacks a shot,
• 5:00
  I think that's what you'll find out as well.
• 5:02
  Also, please thank you for First Mining Gold, for sponsoring
• 5:07
  Ron's Basement and Fortuna Mining.
• 5:10
  Both are gold sector, silver sector mining and development
• 5:14
  stage companies. You can learn more about them.
• 5:17
  I'll put their link along with PMBEX in the description of this
• 5:20
  video. But are we in a recession?
• 5:23
  Yes, we are absolutely right. Now that will be the catalyst
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  that moves these bubbles and double bubbles to be burst and
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  will be the catalyst for massive amounts of money moving into the
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  silver and gold sector. Look, everywhere we look, we
• 5:43
  know things are slowing down. Bankruptcies are skyrocketing.
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  Debt levels on the consumer are unbelievably high right now.
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  You know, I know from driving around, when I'm driving around
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  here, Manchester Road in Saint Louis, or, or along the outer
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  road to the Six Flags where I always bring my daughters, I see
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  Burger Kings getting shut down. I mean, if they're shutting down
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  Burger Kings, you know, things are getting bad.
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  Really. On a serious note, the economy
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  is in a recession right now. I got a little secret for you.
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  They never admit that we're in a recession until six months or a
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  year later. They always like to say
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  everything's great, right? And we hear that from Janet
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  Yellen. We hear that from Jerome Powell.
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  We especially hear that from our politicians.
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  Everything's awesome. Any time in the past that we've
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  ever had a recession, they never announce it until 6 to 18 months
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  subsequent to the event. They're not going to say, oh, we
• 6:43
  think we're going into a recession.
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  No, they always say now that we've looked at the data from a
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  year ago, we were actually in a recession back then.
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  We're in a recession right now. It will cause the bubbles to
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  burst because things like the stock market are
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  forward-looking. The stock market calls BS way
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  sooner than these politicians are going to admit to what's
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  going on the residential real estate market.
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  Who can afford these prices, right?
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  It is the biggest bubble ready to be burst.
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  And you know what's going to happen Then the Fed will lower
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  rates. What happens when the Fed lowers
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  rates? I'll tell you what happens.
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  All these people with trillions of dollars in certificates of
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  deposits, money market accounts, safe harbor investments where
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  they're getting 4 or 5%. Now when the Fed lowers rates,
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  they're going to be getting 2 to 3%.
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  They aren't going to like that because when the Fed lowers
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  rates, that's also going to ignite a new wave of inflation.
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  So suddenly getting 2% on your safe harbor certificate of
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  deposit money while the inflation rate is at 6:00 or
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  8:00 or 12% is going to be a big, big problem.
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  And those same people aren't going to be interested in the
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  stock market. It was risky to begin with, but
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  as the economy is slowing, right as inflation is going up,
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  companies are going to be making less and less profits.
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  Stock prices, look, it's a bubble.
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  It could really burst, but in best case scenario, it's going
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  to levitate where it is. People are going to be forced to
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  look more at precious metals. They'll be happy when they dig
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  in a little bit because we saw this coming before everyone
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  else. Hey, thank you for joining me
• 8:31
  here in the basement today. I hope you feel comfortable.
• 8:35
  I hope you feel like you found a little home away from home, a
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  refuge in the storm. I want you to come back.
• 8:42
  I'll be looking forward to seeing you next time.