Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 BIG WARNING From SILVER PRICE 🚨 Russians 90 miles off USA Coast

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🚨 BIG WARNING From SILVER PRICE 🚨 Russians 90 miles off USA Coast · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  Hey, guys, welcome to the live stream.
• 0:03
  Welcome to the basement to you. We got a lot to talk about
• 0:07
  today. A big warning from silver about
• 0:10
  the silver price, $29.50. How are you going to feel two
• 0:16
  weeks from today if we're down here, you and I, talking about
• 0:21
  $2625 silver? Or we can be optimistic now,
• 0:27
  can't we? Because we're an optimistic
• 0:29
  bunch. What if we're talking about $34
• 0:32
  silver? I think either of those numbers
• 0:35
  could happen within the next two to three weeks.
• 0:38
  We are in a critical, critical phase and talking about critical
• 0:42
  phases. We got big, big, big, big, big
• 0:46
  news to talk about with the Russians.
• 0:48
  They're a little closer than you may like or you may think right
• 0:51
  now. We'll talk about that and a
• 0:53
  whole lot more. But let's go to the silver news
• 0:56
  right off the bat. Thank you for being here.
• 0:58
  You're the most important part around basement and we are at
• 1:03
  silverprice.org. And what you were looking at,
• 1:06
  basement dwellers is a one year chart of silver.
• 1:11
  See, silver, my yellow finger, one year.
• 1:14
  Isn't that absolutely beautiful? Let me draw your attention back
• 1:18
  to October, right? October of just last year.
• 1:22
  That was what, seven months ago we had silver below $22.00 per
• 1:27
  oz. Today we are sitting at $29.50.
• 1:31
  Here's the big warning, warning, warning.
• 1:34
  And I'm going to use a nifty new piece of technology that I
• 1:37
  developed this morning. If I can get it to work.
• 1:40
  Here we go. You always love to watch me
• 1:43
  draw. Let's look at what's going on in
• 1:46
  silver. As you can see, back in March we
• 1:48
  were at 20, what, 22 something and change.
• 1:52
  I'm going to draw a red line here for you.
• 1:55
  OK, you see that line? That's the silver price from
• 2:00
  March through today. That is support.
• 2:03
  As you can see, the price went up.
• 2:05
  Hit the support went up. Hit the support went up $32 man,
• 2:10
  we were right on the cusp and we're not a we are we are long
• 2:14
  term optimistic about silver, no doubt about it.
• 2:17
  But we tried to breakthrough 32 Why is 32 we're going to come
• 2:21
  back to this chart in just one second.
• 2:23
  I need to talk to you for a moment.
• 2:24
  Why is $32 per oz so important for silver?
• 2:29
  It is overhead resistance, guys, when we get the past 32 and let
• 2:34
  me tell you something, baby, do you believe, I believe it's
• 2:38
  going to happen here and it's going to happen sooner as
• 2:41
  opposed to later. I believe I'll make a
• 2:44
  prediction, my big standing prediction for you basement
• 2:47
  dwellers right now is that before the election we're going
• 2:50
  to have some major economic turmoil.
• 2:53
  But I'll also make the prediction that by the EOI, you
• 2:57
  know what EOI stands for end of year, we will have silver above
• 3:02
  and beyond that $32 resistance. And once we get up there, it's,
• 3:07
  it's, it's clear sailing when we get like a weekly close on
• 3:11
  silver at 3330 four, $35, it's Katie bar the door, it's party
• 3:16
  time for silver. I'm telling you, because
• 3:19
  nobody's up there wanting to sell.
• 3:22
  That's when we can see silver move into the $4050 range.
• 3:26
  I digress. Let's go back to that chart and
• 3:32
  I'm just going to show you now we could we could guys.
• 3:35
  This is why we are in critical. That's why we're issuing a big
• 3:38
  warning if we fall down right? If we fall down below that red
• 3:43
  line, we could go back here to that 26 range.
• 3:48
  All right, I look, do I think that's going to happen?
• 3:51
  No. Could it plausibly happen?
• 3:54
  Yes, it could very well happen, but we know the long term,
• 3:58
  right. Do you believe in silver in the
• 3:59
  long run? I mean, I don't know.
• 4:01
  Just the more I think about it. Are you experiencing this?
• 4:04
  Like, it becomes very, very obvious to me that silver is a
• 4:09
  smart, smart long term investment.
• 4:12
  You wanna look at the gold chart too, do you?
• 4:14
  Right. Because don't forget, gold is
• 4:16
  the godfather of the precious metals.
• 4:20
  Gold is the leader of the pack. Gold is the Big Brother, right?
• 4:23
  Gold's a basement dweller just like us.
• 4:26
  Let's go take a look at the gold and see what gold's showing us.
• 4:29
  Gold, gold, gold. Here we go.
• 4:31
  I think I just click on gold. OK, All right, let me see if I
• 4:38
  can refresh this thing. You know, gold.
• 4:43
  There we go, there's gold. Let's look at a first.
• 4:47
  Let's look. Let's just just so we feel warm
• 4:50
  and fuzzy, let's look at a 30 year chart of gold.
• 4:53
  Right cut handle breakout. Look at that guy's man.
• 4:58
  Gold is strong, but let's look at just a one year chart of
• 5:02
  gold. Wow.
• 5:04
  Oh, this is interesting. And I'm going to credit Rafi
• 5:07
  Farber for this. He pointed this out.
• 5:08
  We're going to do a little more drawing, but gold has and and
• 5:13
  and I don't want to take words out of his mouth.
• 5:15
  He does a weekly video on Arcadia economics with our
• 5:18
  friend Chris Marcus. But he pointed this out about
• 5:21
  the gold chart, and that is, and I'll do my best here to show
• 5:25
  this to you, that is that we have an increasingly steep
• 5:28
  support lines. So like there's a support line
• 5:32
  there for gold, but then there's like another support line for
• 5:37
  gold, right? And then there's even the more
• 5:40
  like the further along the line you go, the more extreme the
• 5:44
  support level is for the gold price right now.
• 5:47
  So that's our big warning. All right, look, I don't know
• 5:51
  how you feel about it, but you know, we know the strong
• 5:54
  fundamentals supporting the silver price, supporting the
• 5:57
  gold price. But when it comes to silver, we
• 5:59
  are in, are you, I mean, we are in very delicate territory right
• 6:05
  now, OK? Do I think 2 weeks from now
• 6:07
  we're going to be talking about $26 silver?
• 6:10
  Not necessarily, but I think there's a chance.
• 6:13
  I think there's a 3040% chance. Do I think we'll be talking
• 6:16
  about 3433 dollars silver 234 weeks from now?
• 6:20
  I think there's an equally as strong chance.
• 6:23
  But I want to ask you a question.
• 6:24
  How would you react? Right?
• 6:26
  Is silver, let's say silver was $25.00 an ounce right now, are
• 6:31
  you OK? Right.
• 6:33
  You've got to be mentally prepared for the volatility
• 6:37
  which is inherent within the silver price.
• 6:40
  The other thing we can point out about silver this week, I had a
• 6:43
  number of you emailed me saying, man, silver's been crazy, right?
• 6:47
  Was that last Friday it was down to dollars and then this week it
• 6:50
  was up a dollar, down a dollar, all over the place.
• 6:53
  Silver is volatile, OK, but but have you ever noticed this in
• 6:58
  all your years of watching stock prices, metals prices, the
• 7:03
  silver price, does silver fall into this?
• 7:06
  Often times these periods of volatility and we've had some
• 7:10
  strong volatility in the last week, our precursors for big up
• 7:15
  moves. I've witnessed that now it's
• 7:17
  nothing's 100%, but we could be in for a big upward move in the
• 7:22
  silver price. And really over the last week,
• 7:25
  one last time, let's go take a look at this chart.
• 7:27
  I forgot to I forgot to point this out and show this to you.
• 7:31
  If we go to silver, hold on, let me refresh this and we will go
• 7:36
  to silver and we will go to a one week chart on silver.
• 7:45
  OK, we basically that was Friday.
• 7:48
  That was Monday. We basically had a, this chart
• 7:53
  doesn't show it really well, but we had a very volatile week up,
• 7:56
  down, down, back up, right. We basically ended the week
• 8:00
  where we started in the silver price.
• 8:03
  So despite all that, what felt like a roller coaster ride in
• 8:07
  the price of silver, we did OK by the end of the week.
• 8:11
  OK, Hey, guys, big. This is scary.
• 8:14
  OK, There are Russian warships 90 miles off the coast of the
• 8:19
  United States. They are in Cuba.
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  Let's go to The Associated Press and see what they're telling us
• 8:24
  about this. I thought they were rather
• 8:27
  truthful in their assessment of the situation.
• 8:30
  Russian warships reach Cuban waters ahead of military
• 8:34
  exercises in the Caribbean. Remember, this is 90 miles off
• 8:41
  the coast of the United States. But it gets even a little
• 8:44
  scarier when I tell you what what I've heard from some of the
• 8:48
  other analysts that are out there talking about why this
• 8:51
  could be so significant. A fleet of Russian warships
• 8:54
  reached Cuban waters on Wednesday ahead of the planned
• 8:57
  military exercises. It's a frigate, a submarine,
• 9:01
  blah, blah, blah. Russian.
• 9:03
  Russian sailors were saluting, of course, blah, blah, blah.
• 9:07
  U.S. officials expect Russian ships to remain in the region
• 9:10
  through the summer and possibly stop in Venezuela.
• 9:15
  This is where it gets interesting on 2 levels, All
• 9:19
  right? And this is what the the
• 9:20
  mainstream, mainstream media is not going to say.
• 9:22
  I heard one of those retired armed Colonel or generals, I
• 9:28
  don't know, McGregor or whatever.
• 9:29
  He's always on all these other channels talking about this on
• 9:32
  redacted, the channel he was on the channel redacted and he said
• 9:36
  he he hypothesized and I don't know what his sources are.
• 9:40
  So again, I'm saying hypothesize you can dig into this for
• 9:44
  yourself, but that the Russians may very likely have some
• 9:47
  hypersonic missiles on these ships in Cuba.
• 9:52
  Not nuclear missiles, but hypersonic missiles.
• 9:55
  And let me remind you, hypersonic missiles are really
• 9:59
  immune to any of the defense systems that we know of anyway.
• 10:03
  So what he was saying is that like, we've got these hypersonic
• 10:08
  missiles right off the coast of of Florida, 90 miles off, and
• 10:12
  that these missiles could be shot anywhere on the East Coast
• 10:15
  of the United States and be there in 12 minutes and that the
• 10:18
  United States would almost be defenseless.
• 10:21
  What a lot of people are saying right now, OK.
• 10:23
  And there's a lot of a lot of, let's say, speculation,
• 10:28
  hypothesizing is that this is very scary because what the
• 10:31
  Russians are doing, OK, we just announced that we were going to
• 10:36
  allow Western weapons to be used to hit within the Russian
• 10:44
  territories. And that the Russians are now
• 10:46
  doing this saying, OK, fine, if you're going to use weapons to
• 10:49
  hit within our territory, we're going to send some ships over
• 10:52
  with weapons that we could use. And again, this is all
• 10:56
  hypothetical. You know, there's a lot of fog
• 10:59
  right now in the world, but we're going to send over weapons
• 11:02
  that we could use to hit within the United States.
• 11:05
  And guys, they're only 90 mile, like the shoes on the other
• 11:08
  foot. They're saying, how do you like
• 11:09
  it when we have weapons parked right off your coast that could
• 11:14
  be used to hit within your territory?
• 11:16
  We don't want any of this to go on.
• 11:18
  It's really sad. I mean, it's really a crazy
• 11:21
  situation happening right now. The other thing to remember,
• 11:25
  they're, they're gonna be stopping in Venezuela and Cuba.
• 11:29
  And the United States has been trying to exert a lot of
• 11:31
  authority over Venezuela, over Cuba.
• 11:34
  So it's really a probably a much more precarious situation than
• 11:41
  most Americans realize what's going on right now in the world.
• 11:44
  Again, OK, here it says right here.
• 11:47
  But this mission comes less than I'm sorry, I had all this
• 11:50
  highlighted for you guys. And then the computer like,
• 11:53
  crashed before we came on. Let's do this one in orange.
• 11:56
  What do you say? This mission comes less than two
• 11:59
  weeks after President Joe Biden authorized Ukraine.
• 12:03
  This is The Associated Press authorized Ukraine to use US
• 12:07
  provided weapons to strike inside Russia to protect
• 12:11
  Kharkiv, Ukraine's second largest city, prompting
• 12:14
  President Vladimir Putin to suggest his military could
• 12:18
  respond with asymmetrical steps elsewhere in the world.
• 12:24
  Asymmetrical means bigger. OK, You want to do this to us?
• 12:29
  OK, well, we'll respond with something even bigger to you.
• 12:34
  The world, I tell you, the average man and woman in the in
• 12:37
  the West does not know how precarious the situation is.
• 12:42
  OK, Most of all, this is a quote.
• 12:44
  The warships are a reminder to Washington that it is an that it
• 12:48
  is unpleasant when an adversary medals and you're near abroad, I
• 12:53
  mean on your border. That's Benjamin Geden, director
• 12:56
  of the Latin America program at the Washington based Wilson
• 12:59
  Center think tank, referring to Western involvement in Russia's
• 13:04
  war in Ukraine. OK, Lindsey Graham, I don't know
• 13:09
  if you saw this, but there was a, there was a, a, a clip out
• 13:13
  yesterday, Senator Lindsey Graham, who I'm not very fond
• 13:17
  of. He's one of a handful of people
• 13:19
  that I'm not necessarily. I don't dislike him, but I'm not
• 13:22
  very fond of him. He was talking about how we need
• 13:26
  to escalate the war in Ukraine and why, and it really makes me
• 13:31
  sad. I want to see how you feel about
• 13:34
  this. OK?
• 13:35
  Because what he mentioned in this clip recent interview was
• 13:39
  that because Ukraine has trillions and trillions, Ukraine
• 13:44
  is wealthy. I don't know if you know this or
• 13:46
  not, but Ukraine is like the bread basket of Europe.
• 13:49
  Ukraine is rich in natural resources, natural gas.
• 13:53
  Remember, Hunter Biden, the the commodities guru that he is, sat
• 13:57
  on the board of directors for Burisma, the big, I believe,
• 14:00
  Ukrainian natural gas company. I'll leave that one alone.
• 14:04
  None the less, Lindsey Graham is saying we need to, we need to
• 14:08
  fight the Russians because he basically said because we need
• 14:11
  all these resources. And I'm like, whoa, whoa, whoa,
• 14:14
  whoa, whoa, whoa. Wait a minute.
• 14:16
  Have you no concern for the, what is it, 600,000 people
• 14:20
  who've lost their lives in this war?
• 14:24
  Have you no concern for all the people who maybe didn't lose
• 14:28
  their lives but had their homes destroyed, their lives upended?
• 14:33
  I mean, my gosh, look, this is not a political show.
• 14:35
  This is not a show about war and peace and everything else.
• 14:40
  But my Lord, all this war, like it's, is it, is this what it's
• 14:44
  really about? Is it really about natural
• 14:47
  resources? I mean, you know, if it is, then
• 14:51
  tell us that. Don't lie.
• 14:53
  OK? That's what I would say.
• 14:55
  Nonetheless, I digress. Don't forget June 14th.
• 14:58
  That was yesterday. Next year we'll celebrate it.
• 15:00
  Bigger and bigger and bigger was International Women's Stacking
• 15:04
  Day. What does that mean?
• 15:05
  That means more people are getting into the silver market.
• 15:09
  Think about it, more people, we women, men, young people are
• 15:14
  getting into the silver and gold stacking market in the West.
• 15:19
  It's percolating, it's being catalyzed, OK.
• 15:23
  And guys, when it really takes hold and it'll probably, I want
• 15:27
  you to, I want you to think about this, it's probably really
• 15:30
  going to take hold the next wave, the next major wave and
• 15:34
  you're going to be real popular. So be prepared.
• 15:36
  The next big wave is going to happen when, right when
• 15:40
  inflation hits again. And I'm telling you, inflation
• 15:43
  is hitting again in this country.
• 15:46
  It is mathematically impossible that it not. the Fed is in a
• 15:50
  box. Let's get him out.
• 15:51
  Let's say hello. He thought he was free for the
• 15:55
  weekend. OK, He's in a box, right?
• 15:58
  Do not open. OK, The solution is silver.
• 16:02
  Let's just do it. It's been a while.
• 16:04
  Here's the solution. Silver.
• 16:08
  He hates it. OK.
• 16:10
  Because this guy, everybody say hello to Jerome.
• 16:13
  Hi, everybody. It's Jerome Powell.
• 16:15
  Don't, don't worry. I'm looking out for you.
• 16:17
  Oh, yeah. No inflation is coming.
• 16:20
  When think about it, remember the last inflation.
• 16:23
  We're going to look at a chart here in a little bit.
• 16:25
  That's going to blow your mind. All right?
• 16:28
  Absolutely blow your mind. But the last time inflation hit,
• 16:32
  everybody was in shock, right? And now people are starting to
• 16:36
  wake up, even though inflation's under control.
• 16:39
  Just ask Janet Yellen or Jerome. They're confused why you're not
• 16:43
  happy about the strong economy in the United States.
• 16:46
  Well, maybe, just maybe somebody needs to tell them that you're
• 16:51
  not happy because you're not part of the top 1%.
• 16:54
  Maybe you are. If you are, congratulations.
• 16:56
  But if you're not, if you're an average American making an
• 17:00
  average income, your life stinks.
• 17:02
  Well, it doesn't stink. Your economic life stinks.
• 17:04
  Your financial life stinks because you can't buy steak now
• 17:08
  they want you to buy pork chops or chicken, right?
• 17:11
  You can't go on as nice, but you can't go out to eat as much
• 17:14
  because of the prices of everything have gone through the
• 17:16
  roof. When that happens again, right
• 17:20
  when that next wave comes through, that's when the other
• 17:23
  people right now we're maybe what, one in 21 in 50, maybe one
• 17:28
  in 100 people. That's when another five out of
• 17:33
  110 out of 100 join us. That's when you become even more
• 17:37
  popular than you already are right now.
• 17:40
  Because everybody knows you understand silver and gold and
• 17:43
  they look at you a little skeptically like, oh, silver and
• 17:46
  gold. My financial advisor told me
• 17:49
  silver and gold aren't a good investment because, well, I
• 17:52
  don't know why he said that. Well, maybe your financial
• 17:54
  advisor said that to you because he doesn't make any money off
• 17:57
  silver and gold. Just just throwing that one out
• 18:00
  there. OK, now inflation's coming
• 18:04
  because the Fed's in big, big, big, big trouble.
• 18:07
  OK, let's, let's, I won't, I won't just imagine that.
• 18:11
  We're looking at the US debt clock right now.
• 18:13
  You probably would rather look at that than look at me.
• 18:15
  But the debt is out of control. The financial monetary system is
• 18:19
  out of control. Here's why he's in a box.
• 18:22
  There's a reason why he's in a box, right?
• 18:25
  He's got a recession on one side and inflation on the other.
• 18:29
  And this is real simple, guys, real simple.
• 18:33
  Because if he lowers rates like everybody's clamoring for, but
• 18:37
  he just keeps putting it off. If you notice that, it's like
• 18:40
  when I ask my kids, Evelyn, will you please clean your room?
• 18:44
  Please, Evelyn, She can hear me right now, by the way.
• 18:47
  Oh, yeah, Daddy, I'll do it later.
• 18:49
  That's what Jerome's doing right now.
• 18:50
  Well, we'll lower rates, so we're going to lower them later.
• 18:54
  Later. What?
• 18:54
  Yeah. You know why 'cause he can't
• 18:56
  lower rates. If he lowers rates, inflation
• 19:00
  immediate rocket goes up. OK, No doubt about it.
• 19:05
  We already have an inflation problem in this country.
• 19:08
  OK, the other problem, right? There's another big, big problem
• 19:12
  with lowering rates. Right?
• 19:14
  But what about raising rates, right?
• 19:16
  Are they going to raise rates? Well, if they raise rates right,
• 19:19
  to control, really control inflation, that makes the
• 19:22
  government go bankrupt because we have all that debt that makes
• 19:25
  corporations go bankrupt 'cause they have all that debt.
• 19:27
  That makes the banks go, go more belly up than they already are.
• 19:31
  The banks who are already insolvent, right?
• 19:35
  That makes everything go up the, the, the country, the business
• 19:38
  community, the banks. And finally, the person that you
• 19:43
  care about most, you and me, right?
• 19:45
  The average consumer, remember the United States is a consumer
• 19:48
  based economy, right? Well, guess what?
• 19:50
  They go, they're in worse shape. They'll every and then he has to
• 19:53
  print, which creates inflation. Everything leads back to the
• 19:57
  same reality. I'm trying to think of a way to
• 20:00
  explain it like like you know, like you can.
• 20:02
  You can go this way or you can go that way.
• 20:05
  But either way, you end up in the same place, which is
• 20:08
  printing money. And when money is printed, that
• 20:11
  increases the supply of these things.
• 20:14
  Where are they? That's a silver certificate.
• 20:16
  That's not what I want. These paper dollars, OK, You
• 20:20
  increase the supply of those, and guess what, right, The value
• 20:24
  goes down. And when the value of the dollar
• 20:26
  goes down, prices go up. And that includes your silver.
• 20:29
  That includes your gold. That's what's happening.
• 20:33
  That's the reality. Let's get back to Costco.
• 20:36
  I wrote this out for you because it was so critical.
• 20:39
  The Costco gold sales means there's new people getting into
• 20:43
  stacking. These are new, generally new
• 20:44
  people, OK? Experienced stackers I don't
• 20:48
  think are really for the most part, with some exceptions, but
• 20:52
  buying their gold or silver at Costco.
• 20:55
  So it's a good thing. That's the biggest sign from
• 20:58
  this explosion and it's new people coming and look, they'll
• 21:02
  wise up, right? At some point they'll realize
• 21:04
  like if I'm going to buy silver, I'm going to buy gold.
• 21:06
  I'm going to buy it from a specialist, I'm going to buy it
• 21:09
  from a company that that's all they do is deal in silver and
• 21:13
  gold 'cause there's some big good companies out there that do
• 21:17
  that. But for now, what a sign is that
• 21:20
  to us, OK, that all these are, oh, new people.
• 21:25
  Sorry, everybody say hi to Susie.
• 21:27
  Thank you, Susie. Say hi to everybody.
• 21:30
  Saturday Christmas rose and fun. Thank you for being.
• 21:35
  Here. OK, Thank you, Susie.
• 21:39
  It's the weekend. We're going to ring all the
• 21:41
  bells today, guys. Thank you for being here.
• 21:44
  This is the pocket pinger, right?
• 21:46
  That's a nice piece of silver that I got from my friend
• 21:49
  Silvershire Big 10. OK, I'm going to ring it 10 * 1
• 21:53
  time for each thumb up. So please give this a thumbs up.
• 21:56
  That helps the channel. That helps get the word out to
• 21:59
  more people. Leave a comment and you can
• 22:01
  always subscribe. That's free.
• 22:03
  That's the last begging I'll do today.
• 22:05
  Oh, by the way, I want to put this up.
• 22:08
  Hold on here. We're all over the place.
• 22:10
  I know those are our sponsors. Let's ring this for you.
• 22:13
  Listen to the silver ring 678910.
• 22:25
  Hopefully you guys can hear that.
• 22:26
  I adjusted the microphone. Let's get back to it.
• 22:30
  Everybody's buying silver, right?
• 22:33
  Everybody's buying gold. Listen to Costco.
• 22:35
  Yeah, yeah, yeah. Whatever.
• 22:37
  Well, when they when they wise up and they want to get their
• 22:39
  silver and let's check. Let's check on the silver price.
• 22:43
  Oh look at that 2957. Remember critical warning gold
• 22:48
  $2332.00 per oz. I want to say thank you to our
• 22:54
  channel sponsor Pimbex. Like I said, the people that are
• 22:57
  new that are coming into stacking, do your research,
• 23:01
  check out all the companies, right?
• 23:03
  Check their reputation. That's what I did.
• 23:06
  I was happy with Pimbex before they sponsored my channel, but
• 23:11
  what it made me even more happy about Pembex because as Susie
• 23:14
  will tell you, I'm a tight, tight person, tight person with
• 23:20
  my money. I like value.
• 23:22
  I wanted to get the most metal for my money.
• 23:24
  And when I compared prices for the exact same products that I
• 23:28
  could get at Pembex compared to the other online bullion dealers
• 23:32
  who I used to work with, I got more metal for my money with
• 23:35
  Pembex. Their customer service is great
• 23:38
  and their packaging's a lot of fun.
• 23:40
  Things come wrapped up like Fort Knox, and it's fun to unwrap it
• 23:43
  all because you know, inside is not only, in my case, silver,
• 23:48
  right, but even more silver. Some bonus silver that I was
• 23:52
  able to get a few more oz each time because I got such a great
• 23:56
  price as compared to if I'd bought it from other sites.
• 23:59
  If you ever decide that you want to convert all or part of an IRA
• 24:04
  to silver or gold, right, do yourself a favor and talk to the
• 24:08
  guys at Pinbex about that as well.
• 24:11
  Let's not forget, let's not forget, and then we're going to
• 24:15
  let this one go down for a while.
• 24:17
  But this I thought was a great article from our friend Mike
• 24:21
  Mahari about silver. Silver demand in the solar
• 24:26
  sector could squeeze silver supplies.
• 24:28
  But there were a few new points in this that I wanted to point
• 24:33
  out to you. There we go.
• 24:35
  This is interesting. He really details guys, it's a
• 24:38
  big deal the new the the solar panels.
• 24:42
  Solar panels use a lot of silver.
• 24:44
  The new solar panels use even more and and he gives a great
• 24:48
  concise description of that. Each solar panel uses
• 24:51
  approximately 20 grams, about 2/3 of an ounce of silver.
• 24:56
  While this is relatively small amount, the total adds up
• 25:01
  quickly when you consider the number of panels produced each
• 25:04
  year. Yes, right.
• 25:06
  China, India, building solar farms four times the size of
• 25:10
  Paris, the size of New York. I mean, it's crazy.
• 25:13
  The solar industry right now used approximately 100 million
• 25:16
  ounces of silver, 100 million in 2023, accounting for about 14%.
• 25:23
  Several years ago, analysts assumed did the amount of silver
• 25:27
  this remember that guys remember, oh, they're going to
• 25:29
  stop using silver and solar panels.
• 25:31
  The amount of silver used in solar panels would decline over
• 25:35
  time with the development of new technologies.
• 25:38
  By the way, basement dwellers, if you want a fancy way to
• 25:41
  describe that using less of a precious metal like silver in a
• 25:45
  solar panel, they call that thrifting.
• 25:49
  Like they're thrifty, like they're going to find things to
• 25:51
  use besides silver in the solar panels.
• 25:54
  However, a Saxo Bank report in 2020 disputed this claim, saying
• 25:59
  quote potential substitute metals cannot match silver in
• 26:04
  terms of energy output per solar panel.
• 26:07
  Well, it was a nice try, but you can't get away from using silver
• 26:11
  now. This is the part where he talks
• 26:12
  about the new technology. OK, Newer more efficient
• 26:16
  technologies use 20 to 120% more silver.
• 26:22
  Remember, that's per panel by 2022.
• 26:26
  The newer technology was Perk and and I'm sorry, the old
• 26:30
  technology was Perk and it was being replaced by top con tunnel
• 26:34
  oxide passivity contact cells. OK, a top con cell is cheaper to
• 26:40
  produce but uses more silver than a PERC solar panel.
• 26:46
  It contains about 13 milligrams of silver per Watt.
• 26:50
  But it gets even better. You know, there's always an
• 26:52
  extra bonus kicker for his basement dwellers.
• 26:55
  Now hetero junction HJT technology is beginning to
• 27:02
  dominate the solar market. HJT cells are even more
• 27:06
  efficient than Topcon technology, but they use even
• 27:11
  more silver about 22 milligrams per Watt.
• 27:15
  That is almost twice as much as top con, which they're saying
• 27:20
  uses even more than. So as you can see guys, and this
• 27:25
  is a, a graph that shows, sorry, well, where's the where's the,
• 27:29
  what do you call it anyway, that shows the number of cells of
• 27:33
  each type that are being developed, I think I believe.
• 27:38
  Oh, here we go, This is this. OK, This triple bonus because of
• 27:43
  this is crazy statistical. According to a research paper by
• 27:47
  scientists at the University of South Wales, solar manufacturers
• 27:51
  will likely require over 20% of the current annual silver supply
• 27:57
  by 2027. Need I remind you that's 2 1/2
• 28:00
  years from now. But sit down.
• 28:03
  It's not time to get your socks knocked off.
• 28:05
  By 2050, solar panel production will use approximately 85 to 98%
• 28:13
  of the current global silver reserves.
• 28:16
  And do they even factor into that right?
• 28:20
  That investor demand could skyrocket during that period.
• 28:24
  That other uses of silver could skyrocket during that period in
• 28:29
  green. Mr. Mahari tells us the silver
• 28:32
  market is already running significant deficits, with
• 28:34
  silver demand outstripping supply.
• 28:36
  The structural deficit in 2020, 384,000,000 oz.
• 28:41
  While there's still a large silver stock available, market
• 28:45
  deficits will eventually deplete the reserve of of available
• 28:49
  metal. We could see a significant
• 28:52
  supply squeeze in the coming years.
• 28:56
  Silver is not currently priced for the supply and demand
• 29:00
  dynamics. I'm going to have a quick drink
• 29:02
  of water and I'll be right back with you.
• 29:09
  OK, let's get back. Let's say hello, basement
• 29:12
  dwellers, all 400 of us on a snap Saturday live stream at
• 29:16
  noon. Hey, I hope you're doing well.
• 29:18
  It is a big deal. When you join me here, I want
• 29:21
  you to think about yourself, right?
• 29:23
  Because that's what we are, right?
• 29:24
  It's YouTube. It's a big deal.
• 29:26
  You're here. Leave a comment in the comment
• 29:29
  section. Please give this a thumbs up.
• 29:31
  You can say hello to Susie. Say thank you to the moderators
• 29:34
  who are here, the people that make the channel possible.
• 29:37
  Do you remember Coin Shop Chris? Well, he's got his own channel
• 29:40
  now, so search him up some point as well.
• 29:43
  I'll put out links in future videos where you can go check
• 29:47
  out what Coin Shop Chris is up to.
• 29:49
  He's a lot more coin of centric right now than I am.
• 29:53
  OK Project Sandman. OK, put on your tinfoil.
• 29:57
  Do you have any tinfoil? Put on your tinfoil hats.
• 30:01
  I want to address this, this speculation and I will emphasize
• 30:07
  that of this project Sandman, some of the other Youtubers are
• 30:13
  talking about it. I don't, I don't, I don't have
• 30:17
  strong feelings either way on it.
• 30:19
  But I'll tell you what people are speculating and I will
• 30:23
  emphasize speculating. And that is that there's a group
• 30:26
  of countries that have this plan, OK, conspiracy theorists
• 30:31
  type stuff here, tinfoil hat plan that on a certain date they
• 30:36
  may do what's called Project Sandman, which would which would
• 30:41
  entail kind of taking steps to immediately move off the US
• 30:45
  dollar. That creates a lot of fear.
• 30:48
  You know, look, the D dollarization trend in in the
• 30:52
  big banks, Goldman Sachs, JP, I mean everybody's recognized this
• 30:56
  is going on. The world is de dollarizing.
• 30:59
  I'll stick with that. But there are some people that
• 31:01
  are speculating that there's some countries that could work
• 31:05
  together to create kind of a shock to the International
• 31:09
  Monetary system. And that part of this would be
• 31:11
  this speculation that there could be this speculative plan
• 31:16
  called Project Sandman. I've not been able to see any,
• 31:21
  what I would say, credible evidence that that is indeed the
• 31:25
  case. But as you and I know, pretty
• 31:28
  much anything is possible out there.
• 31:31
  So I wanted to address that 'cause I'm getting a lot of
• 31:33
  questions on my thoughts on the matter.
• 31:35
  And my thought is I don't know, but I wouldn't rule anything out
• 31:40
  that could have a major, major impact on the silver price and
• 31:43
  the gold price, no doubt about it.
• 31:45
  What about, what about the economy?
• 31:48
  Remember, remember that economy, that great economy that we're
• 31:51
  living in? Janet Yellen is confused.
• 31:54
  Are you confused? Right?
• 31:56
  Are you confused? Why does it make sense?
• 31:59
  What do they call that? A, A something gap.
• 32:02
  I forget the term, right, But it's like a cognitive gap.
• 32:06
  Like everybody's angry. Everybody's confused because the
• 32:10
  government keeps telling us how great the economy is.
• 32:13
  Everything is awesome. Remember Bidenomics?
• 32:16
  Oh, by the way, they're not talking about Bidenomics
• 32:22
  anymore. Remember like a year ago, six
• 32:25
  months ago, our president, not a political show, but our fearless
• 32:29
  leader, that sharp economist that he is.
• 32:32
  When he would talk, he would talk about Bidenomics and he
• 32:35
  would say, it's working, right. Well, they're not talking about
• 32:38
  it now. They've made a they, they don't,
• 32:40
  they don't talk about Bionomics anymore because everybody's
• 32:43
  confused. Let's go take a look at this.
• 32:45
  What does this tell us about what's happening in the economy?
• 32:49
  Oh, I almost forgot. Hold on.
• 32:52
  Silver Academy. Let's ramp up on silver and
• 32:55
  solar. This is just crazy to think
• 32:57
  about and really drives home the point that the silver demand
• 33:05
  from the solar industry is not going anywhere.
• 33:07
  Solar powers giants are providing more energy than big
• 33:12
  oil. And he points out our friend
• 33:14
  John Little Remember solar energy uses a half million
• 33:17
  ounces of silver per one giga GW silver squeeze 2 dot O 7 Chinese
• 33:24
  companies, just Chinese companies have a bigger stake in
• 33:28
  the energy of the 21st century then the giants of the oil
• 33:33
  industry. When you add up these seven
• 33:36
  large Chinese solar companies, they have a combined market
• 33:40
  capitalization of 93 billion exceeding that of 86 billion of
• 33:46
  Exxon Mobil. I believe Exxon Mobil is the
• 33:49
  world's biggest oil company. OK this is crazy if think about
• 33:53
  this. A solar panel sold by Longi,
• 33:58
  which is the big one of the big manufacturers in 2024 will be
• 34:03
  generating electricity for decades.
• 34:06
  Most carry 25 year warranties. That silver is gone.
• 34:11
  Minimum 2/3 of an ounce per panel right?
• 34:13
  The newer ones probably closer to 1 oz.
• 34:16
  The newer newer ones could be. Heck, they could be approaching
• 34:19
  a 1 1/2 or 2 ounces of silver oil and gas sold this year.
• 34:24
  Think about this guys. The solar panel makes power for
• 34:27
  25 years. The oil and gas sold right now
• 34:30
  this year, however, will almost all be used up in the matter of
• 34:35
  months. If you look at the long term
• 34:37
  flow of energy into the global economy that's crystallized with
• 34:43
  each solar cell produced, it's many times what's being provided
• 34:47
  by big oil. Does that make sense to you?
• 34:50
  What that means is yes, solar panels are now are as they're
• 34:55
  being manufactured, right? Oil is drilled, oil is
• 34:58
  extracted. It's used immediately.
• 35:00
  It's gone, right? It's up in smoke literally,
• 35:04
  right? It's gasoline, diesel fuel,
• 35:05
  other uses. Whereas the solar panels that
• 35:08
  are being made coming with 25 year warranties, they continue
• 35:13
  to feed and build and build and build upon themselves.
• 35:16
  This story, I think it'll be one of the biggest stories of the
• 35:20
  coming decade when it comes to silver and gold.
• 35:23
  Hey, almost 500 people. Hey, let's let's check in with
• 35:26
  Susie. Susie, how we doing on thumbs
• 35:28
  UPS? Are we getting to 200 thumbs
• 35:30
  UPS? Let.
• 35:32
  Me, see here, I've got a refresh and I'll get back to you.
• 35:35
  I'm only at 1:55 and I'm going to head on out because I got to
• 35:39
  make lunch for the girls. So 157 you need 40 more 43.
• 35:44
  OK. Thank you, Susie.
• 35:46
  So all right, Susie's motherly duties are calling.
• 35:49
  All right. Well, anyway, consumer
• 35:51
  sentiment, let's talk about how great the economy is.
• 35:54
  This is our latest piece of news on the economy that we got on
• 35:59
  Friday, I believe it was. And then we're going to look at
• 36:03
  some crazy data embedded in this.
• 36:06
  Consumer sentiment hits lowest level in seven months and
• 36:10
  they're confused. OK, consumer sentiment tumble
• 36:14
  tumbled in June. Guys, we are heading towards
• 36:18
  serious economic trouble is the best way I could describe it
• 36:22
  here in the next five or six months.
• 36:24
  Do you see it? Do you feel it right?
• 36:27
  Maybe send me some messages, send me some stories, right?
• 36:31
  But when I talk to people that are that are in the business of,
• 36:34
  let's say building expensive in ground pools, one of my great
• 36:38
  friends, he's telling me it's ground to a halt.
• 36:41
  OK, When I talk to people that are in the like the home
• 36:44
  improvement sector, installing new Windows, kitchen remodels,
• 36:49
  that type of thing, they're talking about things grinding to
• 36:52
  a halt. I talked to somebody with a
• 36:54
  really in depth knowledge of the lumber industry, right?
• 36:58
  And lumber's like a a forward indicator because big companies
• 37:02
  order lumber way in advance of their building projects.
• 37:05
  It hasn't completely collapsed, but what he's told me was it
• 37:08
  feels like like, oh, I got a super chat.
• 37:12
  Thank you, Susie. I'll get to that in a second.
• 37:14
  It feels like things are are are are in recession.
• 37:17
  So I don't care what they say. And now we're getting consumers.
• 37:20
  So yeah, no joke. Consumers are are down and out.
• 37:23
  Nobody has nobody unless you're one of the wealthy.
• 37:26
  Nobody has any money. But what do they say?
• 37:28
  Mainstream media come despite a largely resilient growth in the
• 37:34
  US economy is higher prices remain a pain point for
• 37:37
  Americans. OK, but look at this.
• 37:40
  Let's just there's consumer sentiment, OK going down it was
• 37:45
  lower last was that two years ago.
• 37:48
  I guess that was two years ago. But luck I mean we are we are we
• 37:54
  we are not too far away from what we hit back in what O 8
• 37:59
  right. It's not gonna.
• 38:00
  We've come down a long ways and we've even come down
• 38:04
  significantly from there, from 80 all the way down to what was
• 38:09
  that, June of 2466. And This is why.
• 38:13
  This is why. OK, let me shut this off.
• 38:16
  Hold on here. Consumer prices, OK, annual
• 38:20
  inflation rate. All right, look at this, OK, OK.
• 38:24
  And we're still at 3%. But guys, and this and we don't
• 38:27
  even believe these numbers, right?
• 38:29
  But This is why, right? Because prices were, and most
• 38:33
  people say prices were actually up 1820%.
• 38:37
  That's quite simply why the consumer doesn't feel good.
• 38:42
  You want to hear about a real estate crash?
• 38:44
  All right, let's go to that one. OK.
• 38:46
  And then we're going to do an update on the general markets.
• 38:49
  And, and I want to talk to you guys about the gold and silver
• 38:52
  mining sector because there's some interesting developments
• 38:55
  going on there as well. Here we go.
• 38:58
  This is from Fox Business. Listen to this headline.
• 39:02
  Real estate expert defines the housing market.
• 39:06
  Doomsday. Something we haven't seen.
• 39:17
  Let's hear what she had to say. I think, I think the highlights
• 39:20
  did show up. She's a former Bravo star on
• 39:24
  $1,000,000 listing. High grossing broker or
• 39:29
  wrestling with a pessimistic market that's allegedly never
• 39:33
  been seen before. OK, here, quote.
• 39:37
  This is something we would actually haven't seen in our
• 39:39
  lifetime that we can remember. If you think about the last time
• 39:42
  that we spent a decade with rates that were sub 5%, that was
• 39:47
  actually the 1950s, Jordan said Tuesday in response to the host,
• 39:52
  Neil Cabuto, asking how she would define a housing doomsday.
• 39:56
  They're probably going to be there a little bit longer than
• 39:59
  we think talking about rates, and we're just going to have to
• 40:03
  metabolize them, OK? An overwhelming majority of
• 40:07
  homes in the United States are overvalued as steep mortgage
• 40:13
  rates and an ongoing housing shortage pushed the price of
• 40:17
  real estate even higher. I think that that pendulum, do
• 40:21
  you feel it like in my neighborhood, you know, a year
• 40:24
  and a half, two years ago, you never even saw for sale sign the
• 40:28
  how you just heard like, oh, that house sold for, you know,
• 40:31
  what was 100 or 200,000 more than I thought it was really
• 40:34
  worth, right? But now we're seeing for sale
• 40:37
  signs. I'm getting all these alerts.
• 40:39
  Are you getting them right? I get these e-mail alerts cause
• 40:42
  at one point I went on Zillow or some real estate website and now
• 40:47
  they have my e-mail address and they think they can e-mail me
• 40:50
  twice a day. You get that?
• 40:52
  Does that annoy you? That annoys me?
• 40:54
  But none the less, all these alerts like, oh, the house
• 40:58
  around the corner from you, the prices dropped by $20,000.
• 41:03
  It's hitting right now. OK.
• 41:05
  And we got a new report published by Fitch Ratings.
• 41:08
  Fitch, right? The big ratings agency found
• 41:11
  that homes were overvalued by over 11% at the end of 2023,
• 41:18
  right? A trend occurring in about 90%
• 41:21
  of metro areas. So you know, things are not
• 41:27
  getting better and I believe that right now.
• 41:31
  Do you feel it? Do you see it undeniable that
• 41:34
  the real if the residential this is where This is why we're
• 41:37
  talking about doom and gloom in the overall economy in the next
• 41:44
  six months. Because what if right now, what
• 41:47
  if right now the consumers are out of money check.
• 41:50
  We got that news right. We know, right?
• 41:52
  The savings I got charts we looked at yesterday, charts that
• 41:56
  show that that people aren't can't save any money.
• 41:59
  People are racking up their credit cards check, right this.
• 42:02
  How many times do they brag right?
• 42:05
  And now it's coming back to bite them in the arse that the United
• 42:08
  States is a consumer based economy.
• 42:11
  Well, OK, the consumer that the economy is based on doesn't have
• 42:15
  any money. Who do you?
• 42:18
  I mean, you know the the consumer doesn't have any money.
• 42:21
  Maybe you do. Right, Susie and I have always
• 42:23
  been. I've always saved more than I
• 42:25
  earned. But the average American is
• 42:28
  living paycheck to paycheck. So check.
• 42:30
  That's not good. That's a bad, bad sign.
• 42:33
  But then what's the number one thing?
• 42:35
  Americans, I'm sorry. Don't get mad at me for saying
• 42:38
  this, OK? The value of your house really
• 42:42
  has very little to do with your wealth, right?
• 42:45
  But we're taught that as kids. We're taught us Americans,
• 42:51
  generally speaking, are financially illiterate, right?
• 42:53
  We're taught to get into debt. We're taught that our house is a
• 42:57
  great investment. Well, OK, so we'll go with that
• 43:01
  premise. It's really not.
• 43:02
  But we'll go with that premise. If though, American suddenly
• 43:06
  start to think, well, my, I thought my house was worth
• 43:09
  450,000 now it's only worth 350. What if all that is that hitting
• 43:15
  yes. What did the Fox News article
• 43:17
  just tell us right? House prices are overvalued,
• 43:21
  right? The the real estate market is
• 43:23
  frozen. the Fed can't lower rates anytime soon.
• 43:26
  Because guys, we talked about that earlier.
• 43:28
  If the Fed lowers rates, then inflation really takes off.
• 43:32
  And, and I forgot this bonus feature.
• 43:36
  Why they why they're going to have a hard time lowering rates.
• 43:39
  If the Fed lowers rates, guess what?
• 43:42
  Nobody's we got all that debt on the US debt clock, 35 trillion
• 43:46
  in debt, people don't China, India, the world already doesn't
• 43:53
  Saudi Arabia, they already don't want our debt, right at a time
• 43:57
  when we need them to need our debt more than ever.
• 44:00
  And then think about this. What do you think is going to
• 44:04
  happen if the Fed lowers rates and we go to China and we go to
• 44:09
  Saudi Arabia and we say, well, you know what, guys?
• 44:12
  We, we know you didn't want our debt to begin with, but now we
• 44:15
  really need you to want it. And the rate that we're going to
• 44:18
  pay you is going to be even lower.
• 44:21
  They're going to tell us to go # sand, right?
• 44:23
  I mean, that's the reality of the world that we're living in
• 44:27
  right now. So again, it all comes back to
• 44:31
  the Fed is going to have to monetize the debt.
• 44:34
  That's a fancy way of saying that the Fed is going to be the
• 44:37
  only source of funding for our government.
• 44:42
  And how do they do that? They make money out of nothing.
• 44:45
  Money for nothing, right? That song Chicks for Free, Who
• 44:48
  is that? The mood?
• 44:49
  Not The Moody Blues Anyway, you know what I'm saying?
• 44:51
  Money for nothing, right? They can lose me.
• 44:53
  But what does that do? That totally destroys the value
• 44:57
  of the dollar. I'm telling you, this guy is in
• 45:00
  a box and he's scared, OK? And inflation, no matter how you
• 45:09
  slice it or dice it, is going up.
• 45:11
  And inflation is just, it's six or one half dozen.
• 45:13
  The other is another way of talking about devaluation of the
• 45:18
  US dollar. And when the dollar, the value
• 45:21
  of the dollar goes down, right? Whether you're measuring against
• 45:24
  heads of lettuce or gallons of gasoline or ounces of gold or
• 45:30
  barrels of oil or ounces of silver, the value of those other
• 45:34
  real assets, right? Measured in Unicorn fart dust,
• 45:38
  paper dollars goes through the roof.
• 45:42
  That's what happens, right? It's happened throughout
• 45:44
  history, guys. This is not, I know, I
• 45:48
  understand. I'm the same way.
• 45:50
  I'm right there with you, right? We've never experienced it.
• 45:54
  It's called normalcy bias. Some people call it recency
• 45:57
  bias. Heck, I'm 54 years old.
• 46:00
  You know, my whole life, this thing has had this magical,
• 46:05
  beautiful piece of artwork. This paper dollar has had some
• 46:09
  type of value, right? It's gone down.
• 46:12
  That should be a big clue, right?
• 46:14
  When I was, you know, think about when you were 10 years
• 46:17
  old. This could buy a lot, right?
• 46:20
  This could this could this a trip to 711 when I was a kid
• 46:24
  with one of those. How about you, right?
• 46:26
  You would buy a lot, a soda, a hot dog, maybe a game of what
• 46:30
  was that called Donkey Kong or Tron or whatever.
• 46:34
  You know, my mom gave me a dollar.
• 46:36
  Hey, I was good for a couple hours.
• 46:38
  What can you get with a buck now at 711?
• 46:41
  Not a lot. Maybe a piece of cheap bubblegum
• 46:44
  or something. But so we know what's gonna
• 46:47
  happen. We know it.
• 46:48
  We know it, we know it. Let's talk about the general
• 46:50
  markets. Are you invested in the general
• 46:52
  markets? Are you invested maybe through a
• 46:54
  four O 1K whatever, into the general markets?
• 46:57
  I'm not a financial advisor. I'm not offering financial
• 47:01
  advice. OK, but but hold on a second
• 47:05
  here. Uh oh, did we lose you?
• 47:08
  Are we still live? Let me see if we're still alive.
• 47:12
  Four games of Tron. Yeah, OK.
• 47:18
  If you're invested in the general markets, just beware.
• 47:22
  I'm not giving financial advice. You know me, right?
• 47:26
  Right. I'd like to buy silver because
• 47:28
  it's a generational investment. I've never sold an ounce.
• 47:31
  But nonetheless, I digress. The reality right now, it's
• 47:36
  absolutely frightening. The general markets, there are
• 47:40
  three stocks that are basically driving the entire S&P 500, the
• 47:46
  NASDAQ, OK, Microsoft, NVIDIA. And what's the other one?
• 47:52
  Microsoft, NVIDIA. Oh my gosh, I can't believe
• 47:55
  Apple. How could I forget?
• 47:58
  My kids have Apple phones. I'm not a big fan of Apple, but
• 48:01
  everybody is OK. Those three stocks are driving
• 48:06
  the entire market, and that's called very narrow.
• 48:09
  That's very, very narrow. Times in history when this has
• 48:12
  been the case have often times been a prelude to big major
• 48:17
  corrections. The value of these companies,
• 48:20
  right, is all based on future hope and expectations, right?
• 48:26
  The actual assets they own are a fraction of the actual price of
• 48:31
  the of the companies. The mining stocks.
• 48:34
  Look, I'll talk about the precious metal mining stocks.
• 48:36
  We have two, two sponsors, 2 stocks that I own.
• 48:39
  Again, not giving financial advice.
• 48:41
  First, mining gold, Canadian gold developer with two multi
• 48:45
  million ounce development stage projects in Canada and Fortuna
• 48:48
  silver, silver and gold miner with operations in Latin America
• 48:52
  and West Africa. But it's the whole sector OK,
• 48:56
  the, the, the actual miners are doing OK ish.
• 49:00
  But I was looking at Barrick Gold and Newmont Gold, the big
• 49:02
  ones, the behemoths, they're basically flat for the year.
• 49:06
  Fortuna has done pretty well over the course of the last,
• 49:09
  let's say six months or a year. They're performing very well.
• 49:13
  The development stage companies like First Mining Gold, the
• 49:16
  exploration companies are in the gutter, guys.
• 49:20
  The good news is I think across the board, there's a lot of room
• 49:24
  for improvement in the precious metal mining sector if we even
• 49:28
  start to get a little bit of more money coming into that
• 49:32
  sector, because I've observed volume levels have been way
• 49:35
  down. Just a little more money.
• 49:37
  I think that could, could, could, could draw a lot of
• 49:40
  attention because it's just going to take a little bit of
• 49:42
  money for that sector to make some pretty big volatile moves
• 49:47
  to the upside. I'm not predicting.
• 49:49
  Don't make any financial decisions based on what I'm
• 49:52
  saying. I'm just telling you that it has
• 49:54
  happened in the past, All right? I personally have a big portion
• 49:58
  of my net worth invested in precious metal mining stocks.
• 50:01
  So I believe that there's a real good chance that it could happen
• 50:05
  in the future. We'll see how it plays out.
• 50:07
  But the bonus with that happening is that if we do get
• 50:11
  some renewed interest in the precious metal mining stocks, it
• 50:16
  will also draw even more attention to the physical
• 50:20
  metals. And again, it's not going to
• 50:22
  take a lot of money to get the physical metals to move a lot as
• 50:25
  well. Hey, thanks for joining me
• 50:27
  today. It's a big deal when you join me
• 50:29
  here in the basement. Don't forget, support our
• 50:32
  sponsors, Pinbex Pi MB EX pinbex.com.
• 50:37
  If you're looking to get some silver or gold from an online
• 50:40
  bullion dealer, throw them into the mix.
• 50:42
  And thank you to 1st Mining Gold and Fortuna Silver.
• 50:45
  Thank you for being here, OK? It's a big deal.
• 50:48
  It's your time. You're here with me right now.
• 50:51
  Over 500 people right on different platforms all
• 50:54
  throughout the world at the drop of a hat on a Saturday.
• 50:57
  It is a big deal. Your time's important.
• 50:59
  I appreciate you. Have a great day.
• 51:02
  Be nice to yourself, OK? And I will see you soon.