Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⭐URGENT⭐ U.S. Government Losing GOLD STANDARD Fight: How it Could Affect Your Silver & Gold Price

Transcript

⭐URGENT⭐ U.S. Government Losing GOLD STANDARD Fight: How it Could Affect Your Silver & Gold Price · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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Silver and gold's biggest news story, and I don't think that a
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lot of us are really talking about it enough or maybe maybe
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even realize that it's going on. Do you ever have that happen to
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you in life where like something's blatantly obvious
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going on right in front of your face, but you don't comprehend
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it's happening? Could silver and gold investors
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be in that position right now? And it could be good news for us
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basement dwellers. Thank you for being here.
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In simple terms, I appreciate you.
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I hope you feel like you found a new family, a little group where
0:36
we get together, right? You're always welcome here.
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Please subscribe to the channel, give the video a thumbs up and
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super chat. Super thanks.
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All that stuff is always super appreciated, especially since my
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daughters have a Starbucks habit.
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Once every couple weeks. I won't complain, but today is
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the big day. We are going to do a giveaway on
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this video. Our friends at Pendex donated
0:59
this guys, this is this could be yours today. 16 ounces.
1:06
That's a 10 oz 5 oz and one ounce silver bar Coca-Cola, the
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end of summer Pendex giveaway. And you know what?
1:14
I'm getting a little sentimental because I thought about
1:17
something regarding pin backs, about why I like them so much
1:20
that I'd never really thought of before.
1:22
I'll share that with you later. Let's talk about the gold
1:24
standard. Yes, the gold standard.
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Let's talk about $5000 gold. How about 10,000?
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Heck, some people are saying $27,000 gold, but I want to lay
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out an argument to you right now that we are.
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Do you, do you feel it? Do you feel it?
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We are involved, especially us, right?
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We're we're part of the army. We're involved in an epic battle
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of the ages. There is a battle going on right
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now in our world between gold, silver, precious metals and
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between Fiat monetary systems, namely the US dollar.
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I put together a document that I want to share with you that lays
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it out. And there's a couple things on
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here that I think, and no uncertain terms will show us
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that we are very likely right now involved in this battle and
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#2 that gold and silver are winning.
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And that could, that could be good news for us with our silver
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and gold. You're a silver stacker, you're
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a gold stacker, Maybe you own precious metal mining stocks.
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It doesn't really matter. Gold and silver are in the
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process of reclaiming, right? Something they never lost.
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But reclaiming their their position of authority in the
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world monetary system, $5000 gold, $100 silver.
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It's nothing. OK, this is good news.
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We got all this chatter, right? Oh yeah.
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The bricks. The bricks.
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Big bricks meeting on October 22nd.
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It is a big deal. It is in Russia.
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They likely will talk about a new trade settlement currency.
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There is speculation and some proof that this new currency
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could be up to 40% backed by gold.
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We'll wait and see what happens. But what I'm going to tell you
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right now guys, is it doesn't really matter.
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Independent of any announcement by the bricks about a gold
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standard, it's happening anyway right now.
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And by the end of this little presentation, you're going to
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feel, you're going to understand that and you're going to feel
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pretty good about the silver and gold that you have.
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It's the, oh, boy, we're flying all over the place.
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It is the epic battle between the dollar and precious metals.
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OK, on the surface, right? We're not going to go into the
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bricks. But we do know that the world is
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de dollarizing. We're hearing that from Goldman
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Sachs, JP Morgan, Everybody knows it.
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It's it's mainstream media. This is not a conspiracy theory.
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This is not some kook, right? Well, maybe it is a kook in his
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basement, but nonetheless, right, The mainstream media has
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recognized the world is the dollarizing.
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It's happening. OK, Now look at that within the
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context of the fact that we know this is big guys, this is, I
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keep wanting to say Tina, but that's not the right acronym.
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There's no other option. If you're a country in the world
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and you want to hold something in reserves, right?
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There's no other. There's there's, there's two
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options at this point. It's being boiled down to either
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Fiat U.S. dollars or gold or silver.
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They're people. They're not going to put their
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money in in yuan or yen or anything else.
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That's why, well, we'll get to that later.
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The dollar and gold are the they're the world's only two big
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financial monetary powerhouses. And when I say the dollar, I'm
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referring to Treasuries as well, right?
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U.S. government, that that's really what there is, right?
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Think about that. I don't think we realize that
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there's no other big options for for people if they want a
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monetary sure, you can buy land, you can buy other things, but
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those aren't really truly monetary options.
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When it comes to monetary options for storing value, we
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are, we are being now like laser focused on either gold or Fiat
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paper money. Now this is where it gets
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interesting. Let's compare the two.
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Gold has history, tangibility on its side, right?
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Thousands of years, you know that whole story.
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Silver, same thing, thousands of years.
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It also has intrinsic value. OK, gold has been around for the
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Millennium. Gold is gold.
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Gold is valuable, right? That there's no, there's no one
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in the world, no one in the world who will argue that point.
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What is so? So you compare the two options.
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That's gold. What about the dollar?
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Well, the dollars has $35 trillion of debt behind it and
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another 200 trillion of unfunded liabilities and allegiance of
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unicorns, right? I mean, it's all just based on
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fluff and confidence. It wasn't that way before 1971.
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We know that we were on the gold standard, but at this point, the
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reality is right, these is these two warriors are battling it
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out. You have you have gold, precious
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metals with all their intrinsic value, their historical value
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versus this piece of paper. Hold on a second.
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I need to say hello to you guys. Thank you for being here in the
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basement on a Saturday morning. Let's do a visual.
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Let's take Big 10's silver Shire silver round.
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This is the battle of the ages. This OK, This.
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I got a yeah first. This.
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Who do you think's going to win? It's like rock, paper, scissors,
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right? Silver beats paper.
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Absolutely. I mean, there's no, there's no,
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there's just absolutely no doubt about it.
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All right, Hey, don't forget, we're going to give away the
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silver. I'll announce it one more time,
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probably in about 10 or 15 minutes from now.
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Knowing how I like to blab on those 16 ounces of Coca-Cola
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silver, A10 oz bar, A5 oz bar, and a one ounce bar could be
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yours in the matter of just 10 or 15 minutes.
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We'll see who the winner is. Let's go back to our
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presentation, huh? Guys?
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It's real. It's really happening.
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I know. I think it's one of those things
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that even I don't realize it's happening right now, right?
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The battle for the gold standard, the re emergence of
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precious metals. OK, I know, I know.
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We're in the midst of an epic battle between the dollar and
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gold. And guess where it's all playing
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out? It's playing out in the Comex
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and the LBMA theaters. That's one of the theaters of
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the battle, but a big theater of the battle.
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And we know, absolutely everybody knows.
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It's just a matter of time until the fraud is exposed.
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The paper manipulation of silver and gold on the Comex and the
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LBMA, we've been calling for it right, for decades.
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Many of us. There's people who spent decades
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researching improving this, that the, that the, that the Comex
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and the LBMA, their paper leverage 400 to one, 200 to one,
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whatever it may be, the massive short position.
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Did you know that there's a 500? I heard last night Eric Spratt
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said it a 500 million oz short position, paper short position
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in the paper silver market, 500 million ounces.
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We know that the bricks any OK, now let's think about what's
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going on, right? We talked about there's no other
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option. So what's going on?
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The bricks got the central banks, the bricks the eastern
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countries, but now even the Western countries, countries
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such as Poland, that's a Western European NATO country was the
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biggest buyer of gold in the second quarter.
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We got 100 likes. OK, Susie, thank you.
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We will ring the we'll listen to that was Ten Rings of the
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silver. That's a token of our
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appreciation for all the thumbs up you guys are giving us.
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OK, so the central banks, we know it's gone.
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The other big massive sign. Oh, my gosh.
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All right, I have to look you in the eyes for this one, Basement
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dwellers. Thank you, Cliff, for the Super
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chat, my friend. You get up on the screen.
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Cliff, you're famous. I've got one of your comments to
9:43
you. Basement dweller.
9:44
Yeah, you, you're the basement dweller.
9:47
I got one of your comments from yesterday's live stream that
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we're going to talk about later. Leave a comment in this live
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stream. We want to hear from you.
9:54
You're thinking right now, right?
9:55
We're always we're you ever think about that?
9:57
We're thinking all the time. You're thinking right now, if
10:00
you think of something and you think that's interesting or
10:04
that's a question I don't understand, leave it in the
10:06
comments. You might just get picked to be
10:08
featured on tomorrow's live stream where you could be
10:12
famous. It could be the catalyst for a
10:13
whole new level of of fame and fortune in your life.
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Here's the other big thing going on.
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There's no other asset, right? It's a battle between gold,
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silver, precious metals and paper dollar.
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The very fact that the Bank for International Settlements with
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their Basel 3 regulation changes designated gold as a tier one
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asset is proof positive that even the central Bank of the
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central banks, the Banks for International Settlements, has
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recognized that this battle is going on.
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OK, It's like, I don't know if you watch Premier League soccer
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or you know, I played soccer in college, full scholarship, well,
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almost full, but nonetheless, I don't watch that.
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But I know they, like, they moved the teams up and down
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right into the top division. It's like gold got moved into
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the top division to play with the big boys, right?
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They got promoted or whatever they call it.
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You get relegated or promoted. Gold got moved up.
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Why would the Bank for International Settlements move
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them up if they weren't recognizing that they were now
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in the same league, the same category, right?
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As as as, as what traditionally had been the world's reserve
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assets, government sovereign bonds and cash.
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Think about this. It's big.
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It is actually happening right now.
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They don't they wouldn't have moved them up.
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I mean, they're, they admitted they're aren't they essentially
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by default admitting that yes, they're in the same league
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they're competing, right. It's it's like if a minor League
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Baseball team got moved to the major leagues.
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Yes, now you're in the same league.
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Case closed. Boom, mic drop.
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I'll never drop the mic on you. No, thank you guys for being
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here. Hold on here.
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Let's go back. Here we go.
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Thank you, Cliff for the Super chat and we got a few more
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points on this and then we'll do the giveaway.
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OK, guys, ironically, ironically, don't we like irony?
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The dollar used to be good buddies with gold.
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It really was right up until 1971 and prior for a good part
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of U.S. history. We admitted right.
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We admitted the United States government for for decades,
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century whatever admitted that gold was the the the best gold
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and silver right up until the Wizard of Oz and they they took
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Dorothy silver slippers away. The US government had admitted
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for decades that precious metals were the number one way to back
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up money. Now, the other important thing
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to remember on that point is that during that period of time
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when the United States of America used gold and silver to
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back its money, that marked one of the most best, most advanced
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#1 periods of growth on many different levels in the history
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of the world. Rob Keats, I asked him about
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that when he was a guest here, and they said, yeah, He said, I
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got a whole section in my book about that.
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Guys, it's not been that long since the United States, who's
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now, if you know, it is a this battle between basically the
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dollar and gold. But we can say Fiat money and
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precious metals because we can lump a lot of other Fiat
13:40
currencies and we can also lump silver in there with gold.
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This is a major battle, right? And, and you know what?
13:48
What? So what changed in 1971 that
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suddenly gold became worth? And then within 20 years they're
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saying, oh, it's nothing but a pet rock.
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It's nothing. Well, it's not OK.
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OK, The Bank for International Settlements admits this is going
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on. OK.
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There is no other option available, period.
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We never really want to. I'll, I'll argue this point
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quickly guys and let me know how you feel about this.
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And, and, and if somebody, if you can come up, if this makes
14:18
sense to you and you can come up with a better way to convey this
14:22
either verbally or in writing, please send it to me.
14:25
I need your help, OK, because I, I firmly believe that the world
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never went off the gold standard, never completely went
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off the gold standard short 1971, right?
14:38
We talked that Nixon took the United States, quote UN quote,
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off the gold standard, but they couldn't kill gold, right?
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It's still was there. We're still measuring, you know,
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measuring things and value of gold.
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It still was maintained its place.
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It was almost like a bear that hibernated.
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But now it's like woken up right now and is hungry and is ready
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for battle. But this idea that the world
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never really really went off the gold standard.
15:08
I mean we know what John Extra from the Federal Reserve said
15:11
with Extras Pyramid the gold and silver are the true base of all
15:14
money. But it's all been an illusion,
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right? A temporary illusion.
15:19
Fiat Fiat. This is powerful.
15:22
Sit back for a second basement dwellers Fiat or paper money
15:26
right. The Fiat means paper electronic
15:28
money money that's not based by anything is was and always will
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be nothing more than illusion and history is replete with
15:39
examples to show us that our friend Lynette Zang will be on
15:41
the channel next week. We love Lynette, she's got piles
15:44
and piles of paper currencies that have failed, worthless,
15:48
right? Zimbabwe, $15 trillion notes and
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stuff like that. We are absolutely headed back to
15:54
a gold standard. To me, the evidence is
15:57
overwhelming and when it happens, it is going to continue
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to mean one thing for you as a silver and gold investor and
16:05
that is that you. But you, are you feeling
16:08
frustrated? We're going to talk more about
16:09
that later. Do you ever get frustrated?
16:11
I get frustrated, right? And, and trust me, silver and
16:15
gold investors, if you are feeling frustration right,
16:19
because silver should be way, way higher than it is right now,
16:23
undoubtedly OK, gold should be even higher than it is right
16:28
now. But silver in particular, right.
16:31
The frustration will be relieved as we move through the next
16:36
decade. I would say buckle up,
16:38
buttercup, because if we take our head out of the sand like
16:41
we're, we're, we're you, right? You like to think, you like to
16:45
analyze. I understand.
16:47
I'm the same way. I'm a deep thinker.
16:49
But my mom, my dentist told my mom that when I was like 10
16:52
years old. She said he's a really deep
16:54
thinker. He's always asking me questions
16:56
when I'm trying to work on his teeth.
16:57
Anyway, even us, right, Even though we've pulled our head out
17:03
of the sand in a lot of ways, right, we can still not maybe
17:07
see certain things that are right in front of us.
17:09
You we, we pulled our heads out of the sand, right?
17:12
But there's still things out there that we're not seeing.
17:14
And I believe one of those things is the fact that the
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world is never went off the gold standard or silver standard and
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that right now, if there's a pendulum swinging one way or the
17:25
other, that it is swinging back towards a precious metals backed
17:30
the monetary system, value based system for the world.
17:34
And we know that that's a good thing.
17:36
We know that history has taught us that this has happened many,
17:39
many times. And actually periods where the
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world backs their monetary systems with precious metals are
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typically marked by lower than lower, less war, more
17:49
prosperity, more even distribution of wealth.
17:53
Don't even get me started. But you know, the distribution
17:56
of wealth problem this country is is disgusting and you're not
18:00
going to hear about it on the children's news network.
18:02
You're not going to hear about it on on any of the major news
18:05
networks because the ultra wealth wealthy control that.
18:07
But the reality is undeniably distribution of wealth in this
18:12
country is as bad as it's ever been in the history of the
18:16
world. I digress.
18:17
Let's do a giveaway. What do you say basement boys
18:20
mean? I am right on time.
18:21
Our friends at Pimbex Pi MB EX. Let's see if I can get this
18:26
right. P I MB EX pmbex.com online
18:30
bullion dealer, sponsor of Ron's basement.
18:32
You've heard me talk about him many times.
18:34
I think the world of the company, great prices, great
18:39
selection, a company you can trust, all that good stuff.
18:42
But I was just before I came on, I had one of those emotional
18:44
moments. I almost teared up OK, And I
18:47
thought what I what I really like about Pmbex is how well
18:51
they've treated you, OK, And it's ironic that I learned about
18:55
PMBEX from you probably, I don't know, 16 months ago, two people.
19:00
So I said I was going to buy some silver, said you should try
19:02
check out this company PMBEX. That's the company PMBEX.
19:05
I'm like, OK, I'll check out this company PMBEX.
19:07
And I did and I like their prices and I dug in and I read
19:10
about them. I thought, OK, they seem good.
19:12
I bought some silver and I learned that it was a company I
19:14
can trust. And then they sponsored the
19:17
channel and they have treated you guys very that's what that's
19:20
what I really like is how well they've treated the basement
19:23
community. OK, overwhelming positive
19:27
response from you guys. OK, Literally hundreds of emails
19:32
saying thank you. So thank you Pinbecks.
19:34
Thank you, Pinbecks for donating this guys.
19:37
We're going to do the giveaway right now.
19:39
A 10 oz bar, A5 oz bar, and a one ounce bar of Coca-Cola
19:44
silver. It's the summer giveaway from
19:46
Pmbek's Let's Do It Right Now. And the winner will have 96
19:53
hours, four days. So that will be Wednesday up to
19:57
Wednesday at 10:20 AM to contact us to claim the prize.
20:02
I'll tell them what they need to do to verify that they're
20:04
actually the person that we drew.
20:06
No point in us going over that right now.
20:08
Let's go do the giveaway, guys. Let's see who this winner is.
20:12
And OK, we've got that on. OK, so we're going to go.
20:16
We use this program here, YouTube random comment picker
20:20
pickawinner.co. OK, we're going to go out to the
20:25
giveaway video. This is where you had to say
20:27
thanks, Pembex. OK, this is the video right
20:29
here, Summer Silver giveaway. I'm going to copy, copy the URL.
20:37
There we go and copy. We go back to comment picker.
20:43
This is kind of cool and we're going to paste it, OK, and we're
20:48
going to fetch now. I said you had to say Pimbex in
20:54
the in the comment. So I'm going to put in PIMPI MB
21:00
EX doesn't matter if it's capitals or not.
21:03
All right, we are not going to include replies and we are not
21:07
going to include duplicates. And here we go.
21:12
So it's going to load all the comments.
21:14
This will I could sing for you. Make a start of it and it'll
21:20
just take a second. Old New York.
21:23
We're going to wake up in a city that never sleeps.
21:28
It's almost done. I think it's like 800 something,
21:31
814 go 9/14. OK, But then it gets rid of the
21:35
duplicates. OK, guys, this is the moment
21:38
you've all been waiting for. We're going to pick the winner.
21:42
Here we go. And the winner is OK Perninsky
21:48
1823. You are the winner.
21:51
You need to send me an e-mail. My e-mail address is in the
21:55
description of this video. All videos, Ron's basement,
21:58
silver@gmail.com. And then I will tell you how we
22:01
will confirm that you are indeed Purninsky 1823.
22:06
But congratulations. OK, all right guys.
22:10
And again, that person has 96 hours or will give it away.
22:14
Again, congratulations. Thanks to Pinbecks for
22:16
sponsoring the giveaway, the summer giveaway, the 16 oz Coke
22:20
giveaway. I went to the store this morning
22:23
with my daughter to try to get the to get Donuts, but then I
22:28
was going to try to buy a 16 oz bottle of Coke so I could joke
22:30
around and say, here you go. I'm giving away 16 ounces of
22:32
Coke. But they don't they only make 20
22:34
ounce bottles. I did have a very interesting
22:38
conversation with a Tesla owner in the in the parking lot of the
22:43
grocery store. I'll share more with that more
22:46
about that with you later. You know, I'm going to do
22:49
another live stream here probably in about an hour and a
22:52
half where we're going to talk more about silver and more about
22:56
what I learned this morning, even when I talked to this Tesla
22:59
owner at the at the grocery store, at the grocery store
23:05
parking lot. OK, let's go do an update on the
23:07
silver price and gold price quickly because it was an
23:13
interesting week for silver. We're going to look at the
23:17
futures on Yahoo Finance. There's gold.
23:22
Let's do gold first. OK guys, the gold futures price
23:28
close the week at 2536. What we want to really look at
23:32
here is the chart. What is the chart telling us?
23:35
So let's look at a one year chart of gold.
23:38
Do you see this? Do you see this?
23:42
Hold on a second, this is too good not to draw on.
23:47
All right, that was October. I remember I was up in Quebec.
23:52
Look at these, look at these upward trends.
23:55
Here's another one here. I mean, there is gosh, and you
24:01
could even draw another one here.
24:03
The, I'm sorry, the gold price has just been so, so strong.
24:09
We're hearing analysts from the big banks, right?
24:12
Bank of America, City all talk about all put out predictions
24:16
that we can have higher gold by the end of the year.
24:20
Don't forget, right it that we, those last couple, we got big
24:24
things coming up. Big, big things coming up.
24:26
OK, Major big news events coming up.
24:30
OK #1 next week we're going to get the August jobs report.
24:37
It's like comedy hour. Yes.
24:40
The Bureau of Labor and Statistics will tell us how many
24:43
jobs were created in the month of August.
24:46
That will be a major the. I'm going to give you the three
24:49
big things that are coming up here on the on the near term and
24:53
mid near term horizon. We're talking about the next
24:55
couple months. We're talking about news stories
24:59
that can move the precious metals markets, gold and silver.
25:04
Thank, thank you, Susie. All right, we're going to, we're
25:07
going to OK. We're going to talk about the
25:09
three big stories first. We're going to ring the bell for
25:11
you, right, Basement dwellers. We did a giveaway.
25:21
We're having some fun. It's a big deal.
25:22
You're here. We ring the bells when when we
25:25
get 200 thumbs up. Thank you.
25:27
Hey, thanks to all the moderators.
25:28
Before I forget the most important right, Big Tim, Jake
25:32
from Jake's Custom Parts and Annie Oakley and Susie Silver.
25:36
Susie, everybody please say here, do this quickly.
25:40
And then we're going to talk about these three big stories,
25:42
type 888 for those that moderate because those that moderate are
25:46
great. They're a big part of the
25:48
success. Then we're able to bring you
25:50
these productions from the basement next week, big major
25:55
market moving news. It is on Friday that we're going
26:01
to get the August jobs numbers. Don't forget, let's just quickly
26:07
mention that last year the Bureau of Labor and Statistics
26:11
made a few mistakes with their numbers and oh, they just
26:14
happened to overestimate the number of jobs that were
26:17
created. So we will look at this Friday
26:19
jobs report with a certain degree of skepticism, but it
26:22
will generate much turmoil within the silver and gold
26:27
markets, no doubt about it. But just for a quick review,
26:31
from March of 2023 through March of 2024, the Bureau of Labor and
26:37
Statistics now estimates that they over over reported, over
26:42
reported the number of jobs that were recreated by 818,000.
26:48
So if you're one of those people out there that doesn't have a
26:50
job, right, and and you're and you're like, you've got a make
26:54
believe job, but you're getting some make believe money, well,
26:58
you can thank the Bureau of Labor and Statistics.
27:01
That'll be big market moving news.
27:03
The other biggest story then as we move through August, of
27:07
course will be, I'm sorry, September will be the Federal
27:11
Reserve, right. Next week's Friday's jobs number
27:16
will be a major contributor to what the Fed does when they
27:19
announce their interest rate decision, which will be what in
27:22
three weeks mid-september. It that is probably everybody
27:26
is, is on, you know, is it going to be 1/4 point?
27:29
Is it going to be 1/2 point? It doesn't really matter.
27:32
But again, it'll be a big story that will have big impact on the
27:36
precious metals markets. And again, this number that we
27:39
get Friday, I don't know it's going to be, I got a feeling
27:45
I'll make a prediction. I think the jobs number on
27:47
Friday is going to be a huge mess.
27:50
I'm not, I'm like 64% sure that and that would be very, very
27:56
good for the gold and silver price if it comes in just as
28:00
expected. I mean, it's all a bunch of BS
28:02
anyway. It's not the BLS, it's the BS
28:05
like our friend Peter Grandage likes to say.
28:08
OK, so that'll be #1 jobs number Friday #2 Fed.
28:13
The next big thing on the horizon.
28:15
Hold on one second, let's all have a drink of coffee.
28:17
I'll be right back. The next big story on the
28:29
horizon will be the Bricks meeting October 22nd, 23rd in
28:35
Russia, where again there's speculation that we could hear
28:40
about a gold backed trade settlement currency which would
28:44
be used by the bricks and be used as one of the tools in the
28:49
ongoing conflict which is engulfing the world between
28:53
precious metals in Fiat paper. Make believe money.
28:57
Remember Vladimir Putin said it himself two years back.
29:01
Basically he said we're tired of the West and their make believe
29:07
paper fantasyland money system that they use.
29:12
We want something based on real assets, real value.
29:17
So that'll be in October and oh boy, then what's going to happen
29:20
in November. Only crazy town in the United
29:24
States when it comes to the political situation, the
29:28
election that we're going to have an early November.
29:30
Can you feel it in the air? I think we're in a little bit of
29:33
a wall, but man it that will be that will have ramifications
29:39
which will send shock waves through both financial markets
29:43
and and and and through the precious metals market.
29:48
Look, it's getting it's getting very interesting right now.
29:51
You know, when it comes to silver and gold, everybody
29:54
thinks I'm I'm just going to share with you what I'm what I'm
29:57
feeling could unfold here in the coming weeks.
30:01
I think that in September when the Fed makes their interest
30:06
rate announcement, I think we could see a big correction
30:09
either right before or right after.
30:12
I mean within a two or three-week period either way.
30:15
In the general markets, don't make any financial decisions
30:18
based on anything that I'm saying.
30:20
I'm just sharing my opinion. I could be wrong.
30:23
I am wrong about 33.8% of the time.
30:27
But I think we're due for a major correction in the general
30:30
markets, the S&P 500, the NASDAQ, the Dow Jones Industrial
30:35
Average feels like a like an antique when I talk about that.
30:38
But nonetheless, But everybody says, oh, if the market
30:43
corrects, gold and silver are going to go down because there's
30:46
a rush for liquidity. A rush for liquidity.
30:50
Let me tell you something. It's a fact.
30:53
That's not always the case, OK? That is not always the case.
30:58
And there's some very smart people that I've heard recently
31:01
say that this time when the market's correct because we're
31:04
in a bubble, baby. The stock market is a bubble of
31:08
all bubbles. It's like they have music
31:12
concerts at the little park that I work at at night and they have
31:15
this bubble bust that shows up and just shoots bubbles
31:18
everywhere. That's what we're going through
31:21
right now. We are in bubble land just
31:23
because during the great financial crisis, when the
31:26
markets went down, gold and silver went down.
31:28
Just because during the C19 crisis, because the markets went
31:33
down, gold and silver went down. There's also a lot of examples
31:38
where gold and silver haven't reacted or didn't react as
31:41
dramatically as they did back then during the Great
31:44
Depression. During the Great Depression,
31:46
gold wasn't really traded. It was on a fixed price, but but
31:51
shares and what was it? Homestake mining went through
31:55
the roof. So I don't think that just
31:57
because we're having a, a, some type of correction in the
32:01
general markets and I do believe we will.
32:03
I'm even, I'm even thinking about maybe, maybe sometime in
32:08
like earliest September, hold on a second, putting on a bit of a
32:15
short position in the general markets.
32:17
OK, If I do that, I'll probably let you guys know.
32:21
I don't want to do anything crazy because that's that's
32:23
those types of of of of trades can be very risky.
32:28
But man, oh man, I believe we're in bubble town.
32:32
I believe the gold and silver don't have to go down
32:35
precipitously with the market this time.
32:38
Things are really, there's a lot.
32:39
I got a lot more to talk about. We got a lot more.
32:41
I'll probably be on a few more times this weekend, man, it's a
32:44
big deal that you guys join me. Congratulations to our giveaway
32:47
winner. Don't forget, send me an e-mail.
32:50
You have until Wednesday 10:20 AM.
32:53
Guys, have a great day. Thanks to all the moderators.
32:56
Thanks to you. Thanks to channel sponsor First
32:59
Mining Gold and Fortuna Mining. You can learn more about them at
33:04
their respective websites, which are listed in the description of
33:08
this and all the videos. Have a great day.
33:11
I'll probably see you a little bit later.
33:13
Bye bye.