Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🎯 Game-Changer Alert: Massive Developments Shake Up Silver & Gold Markets

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🎯 Game-Changer Alert: Massive Developments Shake Up Silver & Gold Markets · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:12
It seemed like only yesterday we were dreaming about $2100 gold.
0:18
Can you believe where we are now?
0:20
Silver, 2750 per oz? It almost seems too good to be
0:26
true. Will it continue?
0:29
Can it continue? Can we stabilize here?
0:32
Can we move higher from here? Will we have a pullback?
0:36
Those are questions you're likely asking yourself.
0:39
And we've got a big, big show today.
0:41
We're going to cover it all. Talk about what's happened.
0:45
Talk about things like a very interesting development with our
0:48
Federal Reserve and Gold itself. Talk about a leading analyst who
0:54
now is agreeing with us basement dwellers.
0:57
And by the way, basement dweller, thank you for being
1:00
here for this, the biggest live stream in the history of the
1:04
gold and silver community. Look, we've talked about $2600
1:09
gold many, many times, but now the top analysts are talking
1:13
about it as a realistic target for this year.
1:17
We talked about it for May. Hey, over my left shoulder is a
1:21
Christmas tree that has $2100 gold written on top of it.
1:25
We were dreaming just back in December about $2100 gold.
1:30
And when the price briefly hit that level, we thought we were
1:34
having the Christmas miracle Guys we are at what 2329 was our
1:40
gold clothes? On Friday, I wrote this little
1:42
poem for you. What the heck, Let's have some
1:45
fun right basement dwellers? We deserve it.
1:48
OK, here's my poem. It's been an epic run for silver
1:55
and gold on Ron's basement. You've been told this has been a
2:01
rapid ascent, not a spike from a one time event.
2:06
And I wrote that Seriously, not a spike from a one time event.
2:12
I know if you look and we're going to talk about the the, the
2:16
mining stocks here in a second, but gosh, what the last 5-6
2:20
weeks the gold price has just gone up and up.
2:22
It took a while for silver to catch up, up and up maybe
2:27
silver, what do you think was a spike?
2:29
But the big, big key, one of the big things that you need to
2:34
realize, the one of the big answers, one of the big clues
2:37
that we need to keep in mind is this really was not an one time
2:42
event driven change in price for gold or silver, right.
2:48
It wasn't like there was some big news event.
2:50
Do you remember anything major really happening over the last
2:53
five or six weeks? Do we remember any big new?
2:57
There was no banking crisis like there was a year ago.
3:00
There was no new major developments in terms of wars,
3:04
right? I mean unfortunately we do still
3:07
have major geopolitical turmoil in the Middle East, in Europe,
3:12
but no big news headline events that would have made everybody
3:16
run to gold, no guys. And that's a that's a big deal
3:20
because this price increase that we had was more based on
3:25
fundamentals, fundamentals and what's the biggest fundamental
3:29
come on basement dwellers, what's the this is kind of a new
3:32
concept that we've been talking about.
3:34
You know we can talk all day long right, about the Fed
3:38
raising rates, the Fed lower in rates, inflation, the employment
3:42
rate. Oh yeah, we got employment
3:43
numbers on Friday. We're not even going to waste
3:45
your time talking about that make believe by dynamic number
3:50
that we got. OK.
3:51
No, there's one fundamental key factor that's driving and will
3:56
continue to drive the price of silver and gold.
4:02
You know what that is? That's the loss in real, not
4:06
nominal real value in the US dollar.
4:10
All that other stuff is just noise, right?
4:12
Like fireworks shooting off. Oh, look at those.
4:14
All the feds got all that matters.
4:17
If you invest, if you've decided that you want to put some of
4:20
your money into physical silver, some of your money into physical
4:25
gold, all that matters is the underlying fundamental.
4:29
It's the big current. It's the big driver.
4:33
It's the tide. It's the it's the gravity, It's
4:36
whatever you want to call it. It's the force of Mother Nature
4:39
and that is that the US dollar for a host of reasons.
4:42
We could talk about the national debt.
4:44
We can talk about the political turmoil.
4:46
We can talk about the the the underlying driver is the loss in
4:51
value in the dollar and you will see higher prices measured in
4:55
Unicorn fart dust, good old Unicorn fart dust, paper Fiat,
5:02
whatever you want to call it, make believe printed dollars.
5:06
You're going to see higher and higher prices for silver and
5:09
gold. So on Friday, excuse me, let's
5:13
get to the statistics. Hold on just a second, I'm
5:16
having a little bit of technical problem.
5:18
I need to get a sip of coffee. Switched out the old coffee mug
5:34
after seven days. That kind of drives Susie a
5:36
little crazy none the less. OK Friday's closing.
5:41
Gold 2329 silver only $27.44. Are you invested in the precious
5:48
metal mining stocks? I am OK.
5:51
I own physical silver which I keep off site and I own a bunch
5:56
of precious metal gold mining stocks, Gold and silver mining
6:00
stocks. They have been on an absolute
6:02
tear guys. The GDXJ basically in one month
6:06
and the GDXJ. This for those of you who don't
6:09
know GDXJ, you can Google it. It's an ETF that tracks the
6:14
junior gold mining sector. It's kind of a bellwether in my
6:18
opinion for both gold and silver mining overall.
6:22
There's also the GDX, which is the big gold mining companies,
6:25
but they're really hard that many big gold and silver mining
6:28
companies out there. And there's like the SLVI think
6:31
or the SILVI, don't know there's a silver mining ETF, but to me,
6:35
I watched the GDXJ. Anyway, the GDXJ basically in
6:38
one month went from $30 to $40. That's an increase of only 33%
6:45
in one month. A couple of the companies that
6:47
sponsor Ron's basement. I am not giving financial
6:51
advice. Do your own due diligence.
6:53
I'm just telling you the base facts, right?
6:56
First, mining gold on February 28th.
7:01
Their stock went from $0.07 per share and closed on Friday at
7:06
close to $0.13 per share, about a 75% gain in one month.
7:11
OK, Fortuna Silver Mines right here also had a great and I own
7:17
both these stocks. I only work with companies that
7:20
I own personally. Again, I'm not giving financial
7:23
advice. Mining stocks are risky.
7:25
They can go up quickly, they can come down.
7:28
But I think they're great values.
7:30
We'll save that for another day. But let's just talk about
7:32
Fortuna. February 28th was $2.60 per
7:38
share. On Friday it closed around $4.70
7:41
per share and almost 80% gain in a little over one month.
7:47
So the mining stocks are moving. Let's go to a slide here because
7:51
it's very interesting and this bodes well for the actual metals
7:55
prices. Guys, look at this still gold
7:59
prices, gold price versus the mining stocks, OK.
8:04
This is 100 January. It says on here it is right
8:08
there, 100 at the upper left corner is January of 2000.
8:11
So they start out at the same measured level.
8:14
OK, look at the gold mining stocks.
8:17
They outperform the gold price. The gold mining stocks is the
8:20
blue line. The price of gold is the yellow
8:23
line. But then boy, what?
8:26
Around 2012, gold outperforms. And look at this gap that we
8:31
have now between the gold miners, the blue line here in
8:37
2024 and the price of gold. It says While gold prices have
8:40
reached new record highs in 2024, gold producer stocks are
8:45
still far from their 2011 peg peaks.
8:49
If we look at this in numbers, I'd probably say that the gold
8:51
miners are at about 300 now and the gold price is about 800.
8:56
The gold miners are like literally 3/8 the The have only
9:04
kept up with the price of gold to a factor of less than than
9:08
half three 3/8. Oh, there's our old friend.
9:11
We'll get back to that one later.
9:14
This is the Hui the Huey. Now look, if you're in the gold
9:18
and silver sector, we need to know these things.
9:21
The Hui Index measures the 16 largest gold mining companies
9:27
that aren't hedged, meaning they don't they don't like buy
9:30
contracts to sell their future production.
9:33
It's an index that's been around for years and years and years.
9:37
Some people call it the Gold Bugs Index.
9:40
You'll see that up at the upper left corner.
9:42
But this is a ratio of the Huey Index to gold.
9:48
And as you can see in 2024, it's popped up a little bit here in
9:54
the last few weeks, but it also is at an all time high.
9:57
The Huey Index is basically at .1 to the price of gold.
10:03
And traditionally, you know, you go back, gosh, you know back to
10:08
2007 it was at .5. That's five times higher.
10:12
OK, so these gold mining stocks have not kept up there are they
10:17
are severely undervalued. Sorry, relative to the price of
10:24
gold and silver, there could be a lot more room to run in the
10:28
gold mining stocks. But what's critical here is to
10:31
remember whether we're talking about the gold mine.
10:34
What do you think it means basement dwellers when when
10:37
we're talking about the gold miners or the silver miners,
10:39
what this data shows us is there is very little money in the
10:44
sector, OK, but that's about to change.
10:47
All right, that there's very little money.
10:49
But think about it, If you hold physical gold, if you hold
10:53
physical silver or platinum for that matter as well, I know we
10:56
have our friend Neil on here tonight.
10:59
Look, what it means is there's been almost nothing invested
11:02
into future production, the future pipeline for the gold
11:07
mining companies, especially for the silver mining companies.
11:11
I had a long conversation with Keith Newmayer published the
11:14
video, just a few. I mean, I'm telling you, when
11:16
you talk with Keith, all these guys like like the, the, the
11:20
silver industry, mining has been depressed.
11:23
But what that means is that when this wave of demand comes
11:27
through and baby it's coming, when that wave of demand comes
11:30
through, there's going to be no supply, OK.
11:33
The amount of silver coming out of the mining companies is
11:36
already going down. Mexico, What does it mean when
11:39
Mexico is out talking about outline open pit mining, right?
11:43
Nobody's investing. Mexico's the number one producer
11:46
of silver in the world and nobody, I think their production
11:49
is down like what 2030% in the last few years.
11:53
Somebody can correct me or put the accurate number in the in
11:56
the in the chat. Thank you by the way to you for
11:59
being here. It's a big deal you're here.
12:01
Please give this a thumbs up. It'll get the word out to more
12:04
people you know. You can subscribe if you want to
12:06
I guess I'll stop begging making I was a making believe I had a
12:10
big special. It's free to subscribe.
12:12
It was the New Year's special, but that didn't work so well.
12:16
But know that you're important. Know that it's a big deal.
12:18
You're here. We love to talk about silver,
12:20
gold, platinum, mining, stocks, all that stuff.
12:24
You're in the right place. You're a basement dweller when
12:26
you're here. Now let's move on to some more.
12:29
Some more. This was shocking.
12:30
Tell me if this shocks you. Tell me if this one shocks you.
12:34
Yahoo Finance headline. This made me laugh.
12:40
The US economy has Wall Street borderline speechless.
12:45
The March jobs report was the latest piece of economic data to
12:49
surprise Wall Street analyst and send stocks rallying.
12:54
I'm like, OK, then I wrote it to that.
12:56
I wrote, yeah, what? What does it tell you That
13:00
they're speechless. Think about it.
13:03
So Wall Street's speechless. They're in awe of Bidenomics.
13:07
It's so great. We're going to talk about the
13:09
$0.99 stores closing, right, 'cause the economy's so great
13:13
and we'll talk about that later. What does it tell us When
13:16
everybody's speechless, they can't believe it.
13:19
Maybe because it's not true. Just saying, just saying, you
13:25
know what I mean? Like, does that make sense?
13:28
That makes sense to me. Like, yeah, I'm speechless too.
13:31
We created all these jobs. Don Don the brain who made the
13:37
Ron's basement website. We're going to talk about that
13:39
in a little a little big giveaway that one of the one of
13:43
the basement dwellers is doing on the Ron's basement website.
13:47
But none the less, don's like there's like 200,000 illegal
13:51
immigrants coming into our country illegally every month.
13:55
Maybe that's where the jobs are going.
13:56
I don't know. I still say.
13:57
And I won't say this again for a month.
13:59
I promise you, my fellow basement dwellers, I promise
14:02
you. But I still say #1.
14:05
We know the jobs. Why can't they just tell us what
14:09
the real jobs are? How many real jobs were created
14:13
that had at least 36 hours per week and had full benefits,
14:17
including health insurance, if you want to call it that anymore
14:20
in this country because the health system so screwed up.
14:23
But I won't get into that either.
14:24
Why can't they just tell us that instead of Oh well we created
14:28
300,000 jobs but that you know we accounted for the changes in
14:33
the weather and we accounted for people that I don't know you
14:38
know had toe fungus and in in Omaha and and and and the RVI
14:45
mean they they do all these what do they call them manipulations.
14:48
What I call it adjustments. Why can't they just give us the
14:51
real number? How many real jobs by U.S.
14:54
citizens? Why that one in there were
14:57
created. They paid 36 hours per week,
15:00
let's say over 20 bucks an hour. I mean, that's unfortunately not
15:05
that much anymore in this country.
15:06
And had health insurance. Oh my God, that.
15:10
Wouldn't that be a lot easier for them to calculate?
15:12
And then of course, and then I'll shut up.
15:14
How about the jobs numbers? And they're speechless.
15:17
Yeah, I bet they're speechless. Yeah, you know, right, right.
15:21
And then every month. And I didn't even check this
15:23
month. But for the last 13 months,
15:25
every month when they would say the jobs number, then they would
15:28
adjust the previous months like, oh, we were remember last month
15:31
we told you we created 400,000 jobs?
15:35
Well, we were wrong. We only really we we created
15:39
like 85,000 less. But don't look at that.
15:42
Look at the current month. It's great.
15:44
Everything's wonderful. I'm speechless.
15:45
Thank you. Metal sear, The Dollar Tree
15:49
changing its name to the dollar three.
15:54
Well, the dollar store by my house now everything's $1.25 and
15:57
like a third of the stuff in the store is $5.
16:00
You know, I'm thinking, oh this is great, you get this for
16:02
$1.25, like, no, that's $5. It's we we changed our pricing
16:06
model. I'll tell you what else I'm not
16:08
happy with. Let me this is off subject.
16:11
But hey, you know what? We're having some fun.
16:13
I'm going to tell you guys, I love ALDI.
16:15
I always have. And this stuff, this is the one
16:19
product. Never buy this from ALDI.
16:22
There's a reason why it's still full.
16:24
Susie bought this for a vacation, we went on.
16:26
And I'm telling you, the guy at the factory that made this must
16:30
have been angry. It's you put a piece of this in
16:32
your mouth and it tastes like fire.
16:34
The other day, Susie actually said the F word, 'cause I was in
16:38
and I had that part. You know when you get something
16:39
that's too hot that you know you shouldn't eat, but you're
16:42
hungry? And I was sitting, it was like
16:44
1:00 and I was, I was eating. I eat a piece.
16:46
I'm like, I can't eat any more of that.
16:48
But then I'd eat another piece and I can't eat any more of
16:50
that. Finally, like, I had flames
16:53
coming out my nostrils. I'm like, I really can't eat any
16:56
more of that. And Susie was out on the screen
16:58
porch and I opened the door. I said this stuff is hot.
17:02
And she used the F word. She said it's effing hot.
17:07
And I was taken aback. And then I looked at her.
17:10
That's part of the reason why I have such a beautiful wife.
17:13
And I said, you know what, Susie?
17:15
You're hotter. But I'm bringing this back to
17:18
ALDI. I don't know why I told you guys
17:20
that. Hey, a little glimpse into
17:21
basement life. Oh, let's talk about.
17:24
Let's go out here real quickly. I'm going to tell you about a
17:27
giveaway. Hold on.
17:30
Here. Here we go.
17:32
Here we go. All right, basement dwellers,
17:35
I've not done a good job of talking about this, but there's
17:38
a Ron's basement. Ron's basement.com website.
17:42
Don the brain, right? Our friend put this all
17:46
together. Super nice of him.
17:48
And it's a bulletin board. What I wanted was a place where
17:51
you could go anytime to connect with other basement dwellers.
17:54
OK so it's Ron's basement.com and you do have to register, but
18:00
it's look, I'm never going to e-mail you, I'm never going to
18:03
sell your in Frank, none of that is going on.
18:05
It's you know it's a bulletin board so you have to register.
18:08
But we've got to give away our good friend.
18:12
And so if you go to this, the first subject line here,
18:14
worldwide Gold and Silver News, click on that and then Papa
18:20
Silver giveaway right here. Second one down, you can check
18:24
it out. Our good friend Big G is how
18:28
we're going to refer to him from CT.
18:31
Big G from Connecticut is doing this 2 oz.
18:35
Let me see if I have this right. You need to read the rules here
18:38
yourself. But basically you need to guess
18:41
the silver price on on July 3rd of 2024 and in U.S. dollars.
18:48
You can start guessing on tax day April 15th and the last day
18:53
that you can guess is on May 31st.
18:57
If there's a tie, the person who guessed the earliest wins.
19:01
So you may not want to wait till the last minute and yeah, I
19:06
guess that's it. You can read through here.
19:08
He's doing this out of the kindness of his heart.
19:11
And you know, who knows? At the Ron's basement.com forum
19:17
takes off. It could be AI wanted a place
19:19
like right now we're all together.
19:21
Hello Annie Oakley and I see who else here.
19:24
I think Big Tim the Silvershire's here.
19:26
I need to talk about Big Tim Jake from Jake's custom parts.
19:30
All the moderators, all the people that are here that that
19:33
Ron's basement.com could be a place where people could go
19:36
anytime and chat on the Bolton board forum with each other.
19:41
Let's talk about Big Tim. Big news, Big news from Big Tim
19:46
Silvershire, who's a moderator here on the channel about silver
19:50
and gold. I texted him to say, hey, I'm
19:52
going to go live. He said, oh, OK.
19:53
I was at a coin show today. I said, well, what was the coin
19:56
show like? Let me read you what he said.
19:59
So I'm, I'm thinking, like, are you wondering like with this,
20:02
Can you believe Silver's $27.44 per oz?
20:06
It's unbelievable. OK?
20:08
And so I'm thinking, like, are sales picking up?
20:11
I'll have to talk to Mike and Brian from Pinbex.
20:14
Our sales picking up, I don't know, right?
20:17
But big Tim said this. He went to, he went to this coin
20:21
show. He said it was a massive crowd
20:25
early here at the Evansville Casino.
20:28
That's where they had the coin show.
20:31
I think it'd be a wiser use of your money to buy silver than to
20:35
play blackjack or craps. Trust me, I've done a lot of
20:37
both of them, and buying silver coins is a lot better, generally
20:42
speaking, than buying those casino chips.
20:44
None the less, there were there were four people waiting at each
20:49
table, unsure how many dealer tables we had, but it's a large
20:54
conference room. The crowd did die down
20:56
drastically at noon, likely due to the beautiful weather.
20:59
Yes, we've been having beautiful weather here in the Midwest.
21:01
I know our friends on the East Coast have been having some.
21:04
I think people up in New Hampshire are having snow
21:06
storms. Last I heard, he said that
21:09
random year American Silver Eagles at the show.
21:13
Wow. Thank you.
21:14
Wow. Thank you, Jam James CWLPO.
21:18
Thank you. And you are so generous with me.
21:21
Random year American Silver Eagles were selling at $32.
21:27
That's still 450 over spot, but still cheap as I expect premiums
21:32
to start roaring soaring soon. Yeah, and I do too.
21:37
I'm telling you, premiums. I mean the real sweet spot to
21:41
buy silver was a what, about 6-7 weeks ago when it was what, 2223
21:47
per oz And premiums were super low.
21:50
I mean, really, really low, but still a good time.
21:53
I think historically the premiums are still very
21:56
reasonable. We don't know, right.
21:58
We don't know where the price is going to go, but it's going to
22:01
be interesting. Let's head out.
22:03
I'll tell you one of the smartest analyst out there and
22:05
he has a, we're just going to cover a couple of the key points
22:08
that he made here. But Dave Earthly from the junior
22:12
mining junkie. OK, this this guy's been around
22:16
for decades following the gold and silver sector and and really
22:22
a super nice guy. He's a friend of the basement.
22:24
He's well, he's been on on the basement one time.
22:27
Hold on here. What am I doing wrong?
22:29
Uh oh uh oh, technical difficulties.
22:35
Hopefully you can all still see me and hear me OK.
22:40
He's been on the basement. He's a super good guy.
22:43
Let me read this despite there's some cool information in here
22:49
despite Suzanne says snake bite. Thank you for the Super chat
22:53
Susie. Thank you for the text.
22:55
Sorry guys, I'm trying to do like 8 things at once.
22:57
I don't even know if you guys can still see me and hear me
23:00
right now, but I'm just going to keep talking.
23:02
What the heck, he says despite a multi month high in the US
23:07
dollar. Remember that, OK and rising
23:11
treasury yields, remember that gold futures posted an all time
23:17
high at 2238 at the end of Q1. We know we're now almost a full
23:22
$100 higher than that, but nonetheless that was it on March
23:26
31st. This significant event has
23:28
shifted risk to the upside in the precious metals complex.
23:33
Guys. Gold and silver have been doing
23:36
well and a rising to everything is out the window.
23:40
Everything is out the window this old oh the dollar has to go
23:44
down for gold and silver to go up. the Fed has to lower rates
23:47
for gold and silver to shut. Don't believe it.
23:49
Don't believe it please, because it's not true anymore.
23:54
I started preaching this back in mid-december right after Jeremy
23:58
Powell shocked the markets by starting to talk about becoming
24:01
more. I said thank, that's it, that's
24:03
it. It changed the I don't think he
24:07
gives himself enough credit of the Silver hermit who's been a
24:10
regular guest on the channel, he said Katie bar the door.
24:14
When we start to see higher inflation numbers and and at the
24:19
same time higher silver and gold prices, that's what I see going
24:23
on. I don't think Silver Hermit
24:24
gives himself enough credit because he said it on our show
24:28
and we've been talking about it. We are in a new paradigm.
24:31
We are in a new environment. Remember what we talked about
24:34
earlier? All that matters now is the fact
24:37
that the dollar is going down in real value.
24:41
Everything else is nominal. Unicorn fart, dust, fireworks,
24:46
distractions. Noise is a good way to put it as
24:50
well. That's the reality now.
24:52
Is it going to be straight up? No.
24:53
Are we going to have pull backs? Yes, but the big trend is going
24:58
up, up, up. Yes, Susie, I believe I said.
25:01
That's my friend Jim, who gave the $50 super chat.
25:05
Hey, Pat. Holland's here.
25:07
Hello, Pat Holland. Good to see you, my friend.
25:12
Good to see you, Pat. We need to have Pat back in the
25:14
basement here soon, huh? What?
25:16
Do you guys want me to try to get Pat on this live stream?
25:21
See if we can get Pat in here at the very end of the live stream?
25:24
Oh, you know what? I can't do that because I don't
25:26
know how to invite somebody once I'm on here.
25:28
But Pat, we're going to have Pat Holland on here soon.
25:33
All right, let's move down one more little bit.
25:36
I want to talk about in this, Dave Earthly, we're going to go
25:40
down. We're going to skip all that.
25:41
See, I put the work in here. Here's what we want to talk
25:44
about right here, guys. Right here.
25:47
This is, this is what This is great.
25:50
These are. These are the reasons.
25:52
This is what you need to pay attention to.
25:53
Geopolitical tensions have played a major role in
25:56
accelerating the demand for gold as a safe haven asset.
25:59
When he's talking about gold, as far as I'm concerned, he's
26:02
talking about silver and platinum as well.
26:05
As conflicts in Ukraine and Palestine continue, the
26:08
potential escalation to other countries hangs over the
26:12
markets. OK, Daniel Diaz, thank you.
26:16
Good to good to see you. Our friend Daniel Diaz.
26:19
But we can't wait to see in a tuxedo on a top hat right The
26:22
guy Daniel Diaz. I'm going to go off and I'm
26:26
going to come back to this article guys Daniel Diaz
26:29
Citizens for sound money doing great work to further the legal
26:34
tender legislation working for you basement dweller.
26:37
Yes, you I'm talking to you right.
26:40
All of us together here right There's like 20 plus states that
26:43
either have are in are in process of passing legal tender
26:46
legislation just like our founding fathers put in the
26:50
constitution. Of course Pat Holland who's been
26:52
a long time friend of Ron's basement with the Missouri
26:55
Freedom Initiative is doing tireless work here in Missouri
26:59
as well. Both these guys deserve a big
27:02
round of applause from all the basement dwellers please in the
27:06
comment section say thank you Dan.
27:08
Thank you Pat. Because, guys, if you love
27:11
silver and gold, you would. You better love laws being
27:15
passed in your state to protect you and protect your right to
27:19
use silver and gold as legal tender, right?
27:22
And that's OK that we want that because our founding fathers put
27:26
it in the Constitution. OK, back to this, our friend
27:30
Dave Earfly. The potential escalation to
27:32
other countries hangs over the markets like the sword of
27:36
democralies. I have no idea what that means
27:39
during a heated presidential election year.
27:41
Right. Nobody's talking about that.
27:43
And we've not even seen what's going to happen with that yet.
27:47
OK? In the US.
27:48
Meanwhile, the four year long wait for the inevitable interest
27:52
rate cuts in the US, the EU and the UK comes closer to fruition
27:56
as inflation remains sticky. While we got sticky inflation,
28:00
but they're going to have to cut rates again.
28:02
Noise, noise, noise. With cracks beginning to appear
28:05
in both the artificial intelligence sector and Bitcoin
28:08
parabolas, the fundamental backdrop remains Ultra bullish
28:13
for the safe haven metal gold he's referring to.
28:16
But I'm going to throw silver silver in there due to an ever
28:20
growing number of macro and geopolitical factors that are
28:23
currently unfolding. A confluence, that's the C word
28:27
that we talk about in the basement.
28:30
A confluence. A coming together of forces that
28:34
create a greater force that propel the real value and price.
28:39
Measured in paper, Unicorn fart dust.
28:42
Fiat dollars of silver and gold much higher.
28:45
These include persistent these are this is these are the
28:49
factors that he is pointing out. Persistent geopolitical tension.
28:52
Strong central bank purchases. Growing demand from China.
28:56
Is a hedge fund. I'm sorry is a hedge against
29:00
economic instability in the world's second largest.
29:03
Excuse me, I have the hiccups. Economy, along with November's
29:08
high stakes U.S. presidential election.
29:11
We have an eclipse where the world's going to end.
29:13
We've got, I mean, you know it it that I think that I love Dave
29:18
Earfly from the junior mining junkie and and I love his list,
29:22
his confluence there. It's impossible for anybody to
29:25
pull them all together. But there's a lot of factors
29:28
coming together that are going to lead to much, much higher
29:33
precious metals. All right.
29:37
Oh, wait. Wait.
29:37
Wait. Wait.
29:38
Wait. Wait.
29:38
Wait. Wait, Wait, wait.
29:40
That's what you get when you come to the basement.
29:42
Technical difficulties. I forgot something.
29:45
I forgot. Little bonus.
29:47
Do you like silver? Huh.
29:48
Do you like silver? And hold on.
29:52
Here it is, right here. The strong rally in silver.
29:57
Above the stiff. It's been stiff.
30:00
That's a nice way to say it. Two year resistance at $26 on
30:05
Wednesday means its role. This is key as an inflation
30:09
hedge and safe haven asset has returned after a four year
30:14
hiatus. Despite the challenges posed by
30:17
rising bond yields and a strengthening U.S. dollar.
30:21
The dollar's getting stronger. That's OK, Silver doesn't care.
30:25
Silver's getting stronger, right?
30:27
Bond yields are going up, you know, right?
30:29
Because like we've said, we've covered this guys, they aren't
30:32
probably even going to lower interest rates.
30:34
They don't need the lower interest rates.
30:36
The value of the dollar in real terms, I won't say it again, I
30:40
promise is going down real terms.
30:43
Everything else, smoke and mirrors, fun, funny money,
30:46
whatever you want to call it, OK, whatever you want to call
30:49
it. So all this stuff is, is, is, is
30:53
creating an environment where the value of silver and gold are
30:57
going to go higher. And what Dave points out here?
31:02
Well, here, one more paragraph after.
31:05
After becoming more of an industrial metal over the past
31:09
several years, silver safe haven component is reaffirming its
31:13
appeal amid geopolitical tensions.
31:15
Last week, the gold silver ratio moved up to 90, which has been
31:19
strong resistance over the past two years.
31:22
So think about this, right? Because everybody gives us this.
31:25
Oh, wow. You know, silver.
31:28
Silver's not a monetary metal. Silver's an industrial metal.
31:31
Yeah, it is. Yeah, that's fine.
31:34
Silver's an industrial metal. I'll give you that.
31:36
Absolutely. But that doesn't mean that it's
31:40
also still not a monetary metal. Silver's the most undervalued.
31:46
Do you know that? Do you realize that silver is
31:48
the most undervalued asset on the face of this earth?
31:52
Everybody says that. All right?
31:54
Silver's still like half of its all time high in nominal terms.
32:00
OK, in real terms and adjusted for inflation, the real 1980 all
32:06
time high in silver, I hear 14150, as high as 167 should be
32:11
$167 per oz. So the argument here is is right
32:17
every You get all these people right and and not all these
32:21
people because 99% of people are clueless about silver.
32:24
But that's going to change, right?
32:28
But even those that are clued into silver, you'll hear people
32:31
say, well, it's not, it's not, it never stopped being a
32:34
monetary metal. It just became there's a a ton
32:39
more demand that's been created for it because it's also an
32:44
industrial medal. Silver was a monetary medal
32:47
before gold. Sorry, right.
32:49
That's just the reality of the situation.
32:52
OK, what about the Federal Reserve?
32:54
Let's talk about our friends over at the Federal Reserve.
32:58
First, I want to say thank you. Channel sponsor Pinbex spelled
33:03
get your pen and paper out PINBE xpinbex.com.
33:08
You can go to their website pinbex.com if you're looking to
33:12
buy silver, gold or platinum. But you know, I got to tell you
33:16
if you like to overpay for your medals.
33:19
Like if you like to get the exact same thing.
33:22
I got to ring the bells. Thank you Susie.
33:25
Susie's texting me every 5 minutes.
33:27
If you if you're the type person who likes to overpay, like let's
33:31
say it's a 10 oz Canadian Royal Canadian Mint Silver bar, right?
33:36
And you could buy it for, I don't know, don't quote me on
33:41
this, but you could buy it for for $295 on one website, or you
33:46
could buy it for $340 on another website and you're going to get
33:50
the exact same bar in the mail. If you're the person who just
33:53
likes to pay more, do not go to Pimbex.
33:56
But if you want to get more metal, if you want to get the
33:59
best prices for the exact same product.
34:03
That, by the way, because I've ordered from Pimbex many times
34:07
over, the past will come to you wrapped like Fort Knox.
34:11
OK, yes, we're still doing the bell.
34:14
Everybody keeps texting me. Hold on.
34:15
I put it up here. It's not so distracting.
34:20
Check out Pinbex, OK? You'll get the exact same
34:23
product for a better price and it will come to you wrapped like
34:27
Fort Knox. But you need to discover that
34:30
for yourself. I'm not telling you what to do.
34:32
Go check out pin backs. You will get more metal for your
34:35
money. Where was I?
34:36
Oh, I got to ring the bell. Alright guys.
34:38
Hey, we got 100 thumbs up. OK, So what we're doing, because
34:44
it's fun, is we're ringing the pocket pinger.
34:47
And today, you know what? Since we got the big Tim, the
34:51
Silvershire. Look at this beauty.
34:53
You're going to hear her sing. Oh boy.
34:56
I just love showing you one piece of silver.
35:01
Nothing like silver. Absolutely beautiful.
35:04
This came from Big Tim the Silvershire and, oh, I got 200.
35:08
OK, I'll do the cowbell too. We're going to do a double.
35:11
For those of you who don't like bells, leave.
35:18
I hope you don't, you big dummy. Susie just said I'm a big dummy,
35:24
12345, 678910, there's 10 for 100 thumbs up.
35:33
And where'd the cowbell go? Here's the cowbell. 200, thumbs
35:36
up. All right, guys, it's the Fed up
35:39
to something with gold. The Federal Reserve.
35:44
There's some interesting developments with the Fed
35:47
because. Because word on the street is
35:51
that foreign governments, right? the Fed, apparently the New York
35:54
Fed stores a lot of gold for foreign governments.
35:57
And we all heard that story that Germany tried to get their gold
36:00
back and it took like 10 years or five years or whatever.
36:03
But the word on the street is that a lot of foreign
36:06
governments are wanting to repatriate.
36:08
That means take back their gold. This is going on all around the
36:12
world. It's not just gold, it's silver
36:14
as well. I mean, what is this telling us,
36:17
right? We know central banks are buying
36:19
massive amounts of gold. We know countries are taking
36:22
back their gold, right? And probably silver.
36:25
And are they're hoarding. And we know the Chinese.
36:29
I'm hearing they're hoarding everything right now.
36:31
All these, like they're wanting to get rid of their dollars and
36:34
acquire more and more of the metals.
36:37
But what does it tell us that there's some monkey business
36:40
apparently going on with the Fed and the New York Fed when it
36:44
comes to foreign government, like these foreign governments
36:47
had trusted our Fed to hold on to their gold.
36:51
And we're going to dig into that because it's very, very
36:53
interesting. First, I want to have a quick
36:55
cup of drink of coffee. We're going to talk about the
37:01
Fed. But Speaking of coffee, I need
37:02
to say thank you to one very special basement dweller.
37:06
Right. Cellar dweller.
37:07
Basement dweller. All right, look at this.
37:12
This is Santino Supremo coffee from our friend Denny.
37:16
He sent this to me. This is my second and third bag.
37:19
The other bags upstairs, which we've almost finished, this has
37:24
got to be, I'm telling you, the best coffee in the world.
37:27
There's a basement dweller, right?
37:29
Owns a coffee company, loves gold and silver.
37:31
So thank you, Santino Supremo Coffee.
37:36
I didn't get a chance to get his permission to pull up his
37:39
website during the live stream, but Santino Supremo Coffee.
37:43
And look, I'm going to tell you something right now.
37:45
See that little hole right there?
37:47
That little. That little hole.
37:50
I'm so tempted to say something else, but I'm not going to.
37:53
When you squeeze this bag, you wouldn't believe the smell that
38:00
comes out of this bag. It is like the best, the best
38:06
smell that you're ever going to hear.
38:07
But what's the Fed up to? Is the Fed up to something, huh.
38:11
Word on the street? I said that already.
38:13
The the, the main Fed. Well, let's just let's just go
38:16
to this article because it's interesting.
38:19
Powell, this gives us a little glimpse into what's really going
38:22
on out there. The Federal Reserve refuses to
38:26
provide records of foreign gold holdings.
38:29
I wonder why? Why won't they disclose the
38:33
foreign gold holdings? Darn it, I'm using the wrong
38:35
browser. I'm supposed to be using Brave.
38:37
But anyway, weeks after Federal Reserve Chairman Jeremy Powell,
38:43
let's highlight this, OK? Evaded a sitting congressman's
38:48
question about the central bank's foreign gold holdings.
38:51
They just won't say, OK, why? Why don't we know how much gold
38:56
is in Fort Knox? Why won't they say how much
38:59
foreign gold? This is different than Fort
39:01
Knox. This is foreign countries that
39:03
have stored massive amounts of gold traditionally in the United
39:07
States. OK, why?
39:09
Why? Right.
39:10
He's evading the question. The Fed also This is also
39:14
declined to comply with a Freedom of Information Act
39:18
request for records about such holdings.
39:21
This gets super interesting. OK, here the Federal Reserve's
39:28
lack of transparency comes amidst reports that countries
39:32
are removing their gold and other assets from the US in the
39:37
wake of unprecedented Western sanctions imposed on Russia over
39:41
its invasion of Ukraine. Countries are afraid that if
39:45
they if we don't like something, they do that we'll just take
39:48
their assets, OK? According to 2023 Invesco
39:53
survey, a quote substantial percentage of central banks
39:57
expressed concern about how the US and its allies froze nearly
40:01
half of Russia's 650 billion gold and 4X reserves.
40:06
The Moon Man, right? From West Virginia asked Powell
40:11
about the matter in a in a December letter, only to have
40:14
the Fed chair respond last month with an evasive no answer,
40:19
telling them that the Federal Reserve does not own gold but
40:22
holds it as a custodian for other entities, a fact that the
40:26
congressman presumably already know.
40:28
So this is where it gets interesting.
40:30
Following that response, Headline USA filed a Freedom of
40:35
Information request with the Fed for records reflecting how much
40:40
gold the Federal Reserve Bank of New York currently holds in its
40:45
vault. OK, this is different guys than
40:47
Fort Knox. Again, this is gold that our
40:50
that our Federal Reserve is holding for foreign governments,
40:53
as well as records reflecting the ownership stake that each of
40:57
the Fed New York Bank's central bank, government clients have in
41:02
that gold. The Freedom of Information Act
41:04
request also sought records about the Fed's gold holdings
41:08
before the Russia February 2022 invasion of Ukraine.
41:13
However, the Federal Reserve denied the Freedom of
41:16
Information request on Wednesday says quote.
41:20
So basically I'll tell you what happened.
41:21
The Fed basically said, sorry, we aren't going to tell you.
41:25
And really, that's the business of the Federal Reserve Bank of
41:30
New York, OK? But they had then went on to say
41:34
that the Federal Reserve Bank of New York, guess what?
41:37
They're not going to tell you either.
41:39
So this begs the question, why? This is crazy.
41:44
Why? Why won't, why won't?
41:50
Think about this, guys. When it comes to gold in the
41:52
United States, 22 big components.
41:55
We have the gold that our government, we're told has at
41:59
Fort Knox, right? 8000 metric tons, I believe it
42:02
is. But we can't audit it.
42:04
It's your gold. How do you feel about that
42:07
basement dweller? I'm a little mad about it
42:09
myself. It's my gold.
42:10
It's your gold. It's our gold.
42:13
But we're not allowed to, like, see it or know that it's there
42:16
or have it audited. You know, I think the last
42:18
thing. Mnuchkin munch mnuchkin.
42:21
I don't like that guy. I like most everybody in the
42:24
world. I don't say I don't like him.
42:27
He creeps me out. Steven Mnuchkin.
42:29
He was Treasury Secretary. Think under Trump maybe.
42:32
Anyway, ex Goldman Sachs guy. Of course he was there with his
42:37
girlfriend or something and tweeted a tweet that said, oh,
42:40
all the gold's here. OK, we call that a Twitter
42:44
audit, right? No, think about it.
42:48
There's this, this question. Is that a Safeway for us to say
42:53
it about how much gold is actually in Fort Knox And all
42:58
we're asking is for a real audit.
43:00
Hey, I used to work for a BIG4 accounting firm.
43:03
I'll leave them unnamed. They probably prefer that.
43:05
But none the less I know how to audit.
43:08
I was an auditor. I audited Fortune 500 companies
43:10
signed me up. I think we could do a very
43:13
effective audio. Get my friend Slick Willie.
43:15
He's ACPA, right. So there's this big question
43:19
about the gold that we actually have at Fort Knox, number one.
43:23
And then to make matters even more confounding, all the gold
43:26
that the New York Fed owns or doesn't own is holding.
43:31
Yeah, we're holding it. I guess maybe they have that
43:35
possession is 99% of the law mentality at the New York Fed's
43:40
holding. We aren't going to tell you
43:43
about that either. I mean, come on, what is going
43:46
on? Does that make you, does that
43:48
make your antenna, your Spidey sense?
43:50
Go off? That makes my Spidey sense.
43:52
Go off? Absolutely.
43:54
I mean, it's crazy. Feels like there's something
43:57
fishy going on here, right? And the world central banks are
44:03
buying gold like never before. I don't know, guys, can we put
44:12
two and two together? We know our leaders in
44:15
Washington can't, but I think we can.
44:18
All right. We know 2 + 2 = 4.
44:20
Why? I'll say it one more time.
44:22
Why won't they tell us? Or let us see how much gold is
44:25
in Fort Knox? Why are they so evasive when we
44:30
ask how much foreign gold do we hold at the New York Fed?
44:35
Somebody's metal sear? Thank you for the Super chat, my
44:39
friend. Thank you, Susie, for the for
44:41
the text. Well, we got it going everywhere
44:45
here. All right, let's talk about
44:47
$2600 gold. We talked about it.
44:50
You and I talked about $2600 gold will be OK.
44:56
I got a great interview. The smartest guy.
45:00
The smartest guy. Super smart.
45:03
Jordan Roy Byrne from the Daily Gold Podcast I did.
45:07
It's a regular video interview. You got to watch it.
45:10
This guy knows more about charts, gold, silver, he says.
45:14
We are in a situation right now like never before, that as these
45:19
charts play out, they will be for the textbooks.
45:23
OK, all right, we've been talking about it, you and I,
45:26
$2600 gold. I'm telling you.
45:28
What do you think when we hit $2600 gold?
45:31
There's no guarantees. Don't make any financial
45:33
decisions based on anything that I'm saying here, but where do
45:37
you think silver will be when we hit $2600 gold?
45:41
I think when we hit $2600 gold, we're going to have $45.00
45:45
silver. OK, I'll say it.
45:47
OK, I said that I thought we'd get $2600 gold by May.
45:51
We talked about this. I said that back in December
45:54
when I made my annual forecast. I didn't even go the whole year.
45:57
I said by May, I all everything. I put it all together.
46:01
We're going to get 20. I think we'll get 45.
46:03
But now we've got big mainstream analyst talking about just that.
46:08
Let's go to this article and a short squeeze, short squeeze,
46:15
really very interesting. Here we go from our friends at
46:23
CNBC. Gold has broken through and
46:26
that's what Jordan Roy Byrne was talking about.
46:28
Gold. Gold broke out of a massive cup
46:32
and handle pattern. Gold broke out of like a triple
46:35
or quadruple top and but wait, there's more.
46:38
Gold also broke out of an inverse head and shoulders
46:42
pattern. OK, I'm not going to, I'm not
46:44
going to. We've gone through these before.
46:46
But these, for those of you who don't know, these are like the
46:49
most followed the strongest, most predictable technical chart
46:54
pattern developments that you could ever ask for.
46:57
And it happened, OK, it's happening right now.
47:01
So gold is broken through the $2300 level and one market
47:05
veteran, not anybody but a veteran, has a bullish call
47:10
looking ahead, blah blah. Let's just go down here.
47:15
Hold on. I got a note where to go.
47:17
OK, I'm going to skip all that because we've already talked
47:20
about that and that's just CNBC hot air.
47:23
Here we go. I'll start here and read this,
47:28
Jurg Keener, chief investment officer at Swiss Asia Capital,
47:35
told CNBC Street Signs Asia on Wednesday.
47:38
That his forward curve analysis for gold quote, UN quote looks
47:42
fantastic, he said. Listen up guys.
47:45
If you look at your forward curve for a year, it's above
47:50
$2600. I think we might be really fast
47:54
if we take $2300. Well, York, we got news for you
47:59
basement dwellers. Maybe we can send them a little
48:02
little telegram over to Switzerland.
48:04
We did take out $2300. It has a lot of pent up demand,
48:09
York said. He added.
48:12
OK. This is interesting.
48:14
This is interesting because we aren't, we're hearing this from
48:21
we're we're hearing this from the live, from the vault, we're
48:24
hearing this from other people, these inventory levels because
48:27
now you're gated that an inventory collapse.
48:32
What does that make you think? Guys in the gold market is
48:36
putting, quote, a lot of derivative structures at risk.
48:41
What? A lot of derivative structures
48:44
at risk. It puts probably a lot of
48:51
structures which are in the market playing gold at risk too.
48:57
Because traders, What is that? What is this?
49:00
Hold on. What the heck is this thing?
49:03
How do I get rid of this? Oh my God.
49:06
Can I move it? No.
49:07
There we go. It disappeared.
49:09
Oh man, welcome to Ron's basement.
49:13
It puts probably a lot of structures which are in the
49:15
market playing gold at risk because traders might not be
49:22
able to cover their short positions.
49:27
And if I say that 26 is for me just a forward curve, that's
49:31
$2600 gold, guys. In case we get a short squeeze,
49:37
the numbers will go much, much higher.
49:41
Susie, I think Susie said we got 7 more thumbs up and then we're
49:44
going to ring the gong. OK, guys.
49:47
And for those of you who don't know and we're going to come
49:49
back, this is crazy interesting. A short squeeze is when the
49:53
price of an asset rises sharply and those with short positions
49:57
who were betting that the price would fall are up a Creek
50:00
without a paddle and are forced to buy the asset to prevent more
50:03
losses, typically driving up the price even further than he talks
50:07
about. He talks about all the
50:10
geopolitical stuff. All right, let's go back here,
50:13
guys. Here's a guy from Swiss Asia
50:16
Capital talking about stress in the two things, Two big things.
50:22
Stress in the gold market in terms of the inventory being
50:26
there to be able to back up all the electronic Unicorn fart
50:31
dust. Maybe he's talking about the
50:32
Comex and the LBMA. Just saying OK, but what's
50:37
what's ground breaking Ground shaking are two more things.
50:42
OK. He's talking about it creating
50:44
stress in the derivatives market.
50:47
Potential stress in the derivatives market because some
50:50
of these derivatives that are in a derivatives a bet on a bet on
50:53
a bet whatever. But it's it's the it's the it's
50:56
Unicorn fart that's squared. OK are based on the gold market.
51:01
OK, now and then there's even more.
51:05
There's even more, but let's go. Hold on here, hold on here.
51:11
Let's just review quickly why this is so critical right here,
51:16
right? Exeter's pyramid.
51:18
These are derivatives, quadrillions.
51:21
Warren Buffett calls them financial tools of mass
51:25
destruction, weapons of mass destruction.
51:28
Remember gold and silver down there in the very bottom of John
51:33
Extra, who worked for the New York Federal Reserve?
51:36
Gold and silver are the only real assets out there.
51:39
They are the base. They are the they are God's
51:43
money. They are nature's money.
51:44
Everything above it is make believe, synthetic, including
51:48
derivatives. And what he's talking about is a
51:50
lot of this stuff. Still, it's all based on gold
51:54
and silver, according to the Federal Reserve, ex Federal
51:56
Reserve employee John Exeter. And when these start to fall
52:02
apart, right, and all that money comes falling down looking for a
52:06
new home, it's going to go to that little bitty part of the of
52:10
the of the pyramid, the base, the foundation of it all.
52:14
God's money, right? And it's going to be
52:17
unbelievable, Unbelievable. The third thing about what this
52:21
guy from Swiss Asia Capital is bringing up is the idea.
52:25
And that could be a short squeeze.
52:27
A short squeeze. A short squeeze.
52:29
Remember the silver squeeze back in February of what, 2021?
52:34
February, March. I remember it.
52:36
OK, Do you remember it? Right.
52:38
These squeezes happen. Remember.
52:40
Think about this. This is crazy.
52:43
It's absolutely crazy. Think about one year ago when we
52:46
had a little banking crisis. We ran out of silver.
52:49
You couldn't get it. It was very hard to find.
52:52
You had to wait. You know, you know that whole
52:54
story, how quickly this can happen now, right?
52:57
You don't need. Yeah, your local coin shop will
53:00
get wiped out quickly, right? I mean, and I'm hearing from
53:04
local coin shops that sales had been brisk.
53:06
We just heard from Big 10 to Silvershire that there was a
53:09
crazy crowd at this Evansville coins coin show.
53:14
Right. But remember that if there's a
53:18
rush of people, we we live in a world with instant
53:22
communication, right? It doesn't.
53:25
You don't need to read it in the paper.
53:27
You don't need to go to the, the, the, the town square to
53:31
talk to your neighbors anymore. I kind of wish we still did do
53:35
that. But none the less that's
53:36
different. What I'm saying is you got these
53:38
things right. Right.
53:41
You got these things. There it is.
53:42
Yeah. Instant.
53:44
You know what else? Instant communication.
53:46
You know what else that provides, right?
53:49
I could in the next 5 minutes. I could, I could, I could buy
53:55
whatever. A monster box of American Silver
53:57
Eagles. Probably less than 5 minutes, 2
53:59
minutes, 3 minutes, right. We've instant there's we don't
54:03
need. What I'm saying is instant
54:05
communication and instant purchases.
54:08
Instant wipeout of all the inventory of available
54:14
investable silver, that it could happen very quickly.
54:17
Look, I'm not predicting it's going to happen tomorrow or this
54:22
month. I'm just saying that the reality
54:24
is it can happen much more quickly.
54:26
It's like bank runs. That's the big thing with
54:28
happens with the banks. Now, used to be when a bank run
54:31
would occur, everybody go line up at the bank, say I want more
54:34
money, I want my money right now.
54:37
You want your money. You want to transfer your money
54:40
out of your bank account into your brokerage account, out of
54:43
your bank account to buy some silver or gold.
54:46
You can do it one minute on this thing, OK?
54:50
It's different. It's it's kind of scary if you
54:53
think about it. So do you have the silver that
54:56
you need? Do you have the gold that you
54:57
need? I don't know.
54:59
OK. All right, guys.
55:00
Hey, this has been great. Thank you for being here.
55:04
OK? It's always awesome to get to
55:07
connect with you guys, especially on a Saturday night.
55:10
We are in for some crazy times ahead.
55:13
I mean, think about what's going on.
55:15
Think about where we are right now with the silver price and
55:18
the gold price. Does that make you feel warm and
55:20
fuzzy? Huh.
55:21
Uh oh, did we get to 300? Thumbs up.
55:23
Susie, could you send me a text? Hold on, guys, We're having
55:26
technical difficulty. Susie, will you turn your
55:28
walkie-talkie on? Everybody, say hi to Susie.
55:33
That's Susie's walkie-talkie. Susie, you got a copy?
55:41
This is Hello. That's how Susie and I
55:44
communicate. Be a walkie-talkie, do you?
55:50
Are you? Are you feeling warm and fuzzy?
55:52
I mean 20. I know it's not 30.
55:55
I know it's not 45. OK, but we have $27.44 silver.
56:00
That's all. Do me a favor, basement
56:02
dwellers. That's all at one time together.
56:06
Smile. Feels good, doesn't it?
56:11
Right. Hey, we'll take 2744.
56:15
We know what's going on. Monkey business with the Fed.
56:18
We know what these top analysts are saying.
56:20
Most important, we know two key things.
56:24
OK, two key things. Mathematics shows no forgiveness
56:29
on the altar of truth. And because of that, number two,
56:33
we know, unfortunately. And I want to reiterate this to
56:36
you. I'm a patriotic American.
56:39
I love what our founding fathers set out for us in this country.
56:44
I love what Thomas Jefferson. Do you love what Thomas
56:47
Jefferson said? Right.
56:49
The biggest threat to this country is not an invading army.
56:52
No, it's central banks. It's big, big, big corporate
56:57
interest. OK.
56:59
So as a result of of of our country straying away from what
57:03
the founding fathers laid out for us, right, there's been some
57:06
what I think, what I think just my opinion poor fiscal and
57:10
monetary decisions and even social decisions that have been
57:14
made. OK.
57:16
And as a result, the underlying fact despite all the noise,
57:21
despite all the distractions is that the real value of the
57:26
dollar will continue. We need to emphasize that to
57:30
depreciate and as a result, silver and gold, in my opinion,
57:34
right, right. God's money, the real asset of
57:37
the world, Nature's money, whatever you want to call it,
57:40
whatever you believe will shine through, will retain their
57:45
value. And look, we have to look no
57:48
further than the last 50 years to see proof that this is
57:51
already occurring. Since Nixon took us off the gold
57:54
standard in 1971, the dollars lost 98% of its value relative
58:00
to gold. I think I could be wrong that
58:04
that level of depreciation, that rate of depreciation will only
58:08
continue as we move into the coming decades.
58:13
Hey, thanks again for being here.
58:14
I appreciate you and I will see you probably tomorrow for a
58:20
short one on Sunday. Have a great Saturday night.
58:22
Thank you for the Super chats. Thank you for everything.
58:25
Please remember, give this a thumbs up.