Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 BIG WARNING From SILVER PRICE 🚨 Russians 90 miles off USA Coast

Transcript

🚨 BIG WARNING From SILVER PRICE 🚨 Russians 90 miles off USA Coast · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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.
8:21
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.