Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER GONE!** SILVER Just had a MASSIVE Change... (CHINA Shock!) Gold - Precious Metals News

Transcript

**SILVER GONE!** SILVER Just had a MASSIVE Change... (CHINA Shock!) Gold - Precious Metals News · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  230. $5 per. Oz Silver I.
• 0:05
  Bet you like the. Sound of that, we've got a.
• 0:07
  Lot to cover today. There is a ton going on in the.
• 0:10
  World of Precious. Metals, we're going to.
• 0:12
  Talk about price. Manipulation, we're going to
• 0:15
  talk about. Volatility I'm going to give.
• 0:17
  You a big. Stern warning OK that you need
• 0:21
  to. Hear.
• 0:21
  If you're in the precious metal sector.
• 0:23
  We got to talk about this massive story.
• 0:25
  Out of China over the weekend and there's a whole lot more.
• 0:29
  And of course, we'll look at $235 per oz silver.
• 0:33
  First, I'm looking at you and I want to tell you thank you for
• 0:36
  joining me down here in the basement.
• 0:39
  It's a huge, huge deal. That you come down here, I want
• 0:42
  you to feel like you found a home away from home, right?
• 0:44
  A friend on the Internet, however you want to look.
• 0:46
  At it but please. Subscribe to the channel, give
• 0:49
  the video a thumbs up, leave a comment in the comment section,
• 0:53
  and most importantly, enjoy your time down here in the basement.
• 0:57
  Let's go look. Let's go.
• 0:59
  Look at the what's going on in the.
• 1:00
  Price of silver right now because this.
• 1:03
  Morning we got very. Close to backwardation.
• 1:06
  We're going to pull. Up the spot price.
• 1:09
  Excuse me, spot price of silver and as we can see.
• 1:15
  Very clearly. Thanks to our friends at Kitco.
• 1:18
  Currently. We're sitting at 60. $3.
• 1:21
  And 83 cents, Oh yeah, we're only up $2.00 per oz.
• 1:24
  We're going to talk about why that's so important within the
• 1:29
  spectrum of what is happening this massive story out of China
• 1:32
  later on in the video. So we are at 6383.
• 1:37
  In the spot market and the futures market, not much higher,
• 1:43
  almost 60, almost right under. $64.
• 1:46
  Per Oz. Unbelievable.
• 1:47
  So we are not in a state of backwardation.
• 1:50
  We were briefly. According to my data this
• 1:53
  morning, either very very. Close or actually?
• 1:56
  Backwardated at one point. The reason why?
• 1:58
  That is so important is. Because, guys, is because.
• 2:03
  When the spot price. Of silver gets above the futures
• 2:06
  price, that signals. Massive stress in the market
• 2:10
  even now where it's getting close and close.
• 2:13
  Do you think there's a little stress in the silver market?
• 2:16
  Sure feels that way. Let's talk about manipulation,
• 2:20
  volatility, and prosperity. MVP.
• 2:23
  Right, if you're in. Precious metals.
• 2:25
  I want to give. You a warning, OK.
• 2:27
  We've had a. Wonderful, wonderful.
• 2:29
  Run. But guys, don't forget, they are
• 2:32
  still. Going to try to manipulate.
• 2:33
  The price of silver. Down we saw that.
• 2:36
  With this big story. Out of China over the weekend.
• 2:39
  We know what the Comex and the LBMA have done in the past.
• 2:43
  They will not go down. Without a fight my.
• 2:46
  Big warning to you please. I don't give a lot of advice.
• 2:50
  I don't give. Financial advice because I'm not
• 2:52
  a financial planner. Don't make any financial
• 2:54
  decisions based on what I say, but I.
• 2:56
  Will give you this piece of advice.
• 2:59
  Keep your emotions in check when you're thinking about and
• 3:03
  watching the. Price of your silver.
• 3:05
  And gold it's. Very difficult to do, but very.
• 3:08
  Critical Don't be emotional when you think about precious metals.
• 3:13
  Be logical. Take a step back, look at the
• 3:17
  big picture. We've done that for years down
• 3:20
  here in the basement talking about why gold and silver.
• 3:24
  We're grossly undervalued. When all those.
• 3:27
  Other people out there. The other 96% who weren't into
• 3:34
  precious metals? Thought we were foolish, right?
• 3:37
  We looked at it logically. We went through the desert.
• 3:41
  Of precious metals, knowing that gold and silver and the precious
• 3:45
  metal mining stocks were undervalued, so now when?
• 3:47
  Things take off right? That can actually be a little
• 3:50
  stressful as well, right when we.
• 3:52
  Could be in for. Some wild rides we.
• 3:54
  Are going to have. Volatility.
• 3:56
  Actually, this morning I'll. Tell you a quick.
• 3:59
  Story. I'll be honest with you.
• 4:00
  I was so and we're going to talk about this China thing.
• 4:03
  I was. So.
• 4:03
  Relieved to see the price of silver up so high, but I told.
• 4:07
  My beautiful and talented. Co host upstairs Susie my wife I
• 4:12
  said I hope today's. Not one of those days.
• 4:14
  Where the silver price is up a dollar. 50 or $2.00 per oz in
• 4:17
  the morning and ends the day red, right?
• 4:20
  That's not out of the question. And when?
• 4:22
  Those things. Happen.
• 4:23
  Sure, it's no fun, but we don't want to get emotional.
• 4:26
  We don't want to make rash emotional decisions.
• 4:29
  The big. Key take away here for you is be
• 4:32
  logical. And I know you.
• 4:33
  Can be because I've. Learned one thing about the
• 4:35
  people that join me down here in the basement.
• 4:38
  According to the YouTube analytics that I get, you've got
• 4:42
  a little more intellectual horsepower than the average.
• 4:45
  Bear, which might explain why, right, you're part of the two or
• 4:49
  three. Or maybe now 4.
• 4:51
  Percent. Of people that own precious.
• 4:53
  Metals you've left, you've left the herd of everybody else who
• 4:58
  we. Like to affectionately.
• 4:59
  Refer to as the sheeple. All right, look, we got a lot to
• 5:07
  cover, guys, $235 silver, the big story we checked.
• 5:10
  On backwardation is there. What would it?
• 5:13
  Mean if people are lining up around the.
• 5:16
  World to buy precious metals and silver let's take a look at this
• 5:20
  we got a lot of little video clips to watch today it's.
• 5:23
  Going to be a fun day for us down here in the basement.
• 5:26
  This comes from Bullion Star. They're one of the.
• 5:29
  Biggest. The biggest of.
• 5:31
  Bullion dealers in Singapore and Singapore is a.
• 5:34
  Wealthy. Country says downpour in
• 5:37
  Singapore today it's raining in the line at Bullion Star is
• 5:41
  wrapped around the building. Think.
• 5:43
  About that. People are choosing to line up
• 5:46
  in. Bad weather for physical.
• 5:48
  Metal in hand instead of buying digital promises from home.
• 5:53
  Weather doesn't deter conviction.
• 5:55
  This was just. Yeah, about two in the morning,
• 5:58
  my time. Which would be just eight hours
• 6:01
  ago. Let's check this out for one
• 6:03
  second. I'm going to put it on full
• 6:04
  screen. Look at all these people.
• 6:21
  I mean if that. Was a hold on.
• 6:24
  Let me turn that off. I got something really.
• 6:27
  Funny to say. OK, now.
• 6:29
  Back to you. There we go.
• 6:31
  Now we're back. I was.
• 6:32
  Going to say if that was America.
• 6:34
  Those would be people lined up to get.
• 6:35
  Taylor Swift concert tickets. But everywhere else in the
• 6:40
  world, those are people. Lined up to buy.
• 6:43
  Gold and silver and it gets even more All right, let's talk about
• 6:46
  manipulation. This is.
• 6:48
  Stunning. Unbelievable.
• 6:50
  All right. Without further ado, we're.
• 6:52
  Going to look at this when it comes to the manipulation, as
• 6:55
  you know, hold on, let me say this to you.
• 6:58
  As you know, last Friday was not a good day to be invested in the
• 7:02
  precious metals. Silver actually went down and it
• 7:05
  went down a lot. But do we have?
• 7:08
  Proof that it was really the paper the make believe.
• 7:12
  As we like to call it. Fantasy Island Silver, remember?
• 7:17
  Fantasy Island and tattooed. Deplane, Deplane, right?
• 7:21
  Everything was a fantasy. Make.
• 7:22
  Believe just like the. Comex in the LBMA.
• 7:26
  Let's look at this proof. That I.
• 7:27
  Think shows very clearly that maybe what happened Friday
• 7:32
  maybe, just maybe had a little. Bit to do with paper
• 7:35
  manipulation from our friend the the Dude.
• 7:38
  The. Silver market on Friday paper
• 7:43
  market traded over 1 billion paper make.
• 7:46
  Believe Oz yesterday to manipulate the price down guys.
• 7:51
  1 billion oz on. Friday is what they had to.
• 7:55
  Trade. And there's the.
• 7:57
  Proof right there Friday. December 12th.
• 7:59
  To get the price of silver down, let us review. 1 billion ounces
• 8:08
  of silver and one day on the paper electronic market that.
• 8:14
  Is. 25% approximately. More 25% more silver.
• 8:22
  Than the entire silver mining sector produces in the course of
• 8:27
  one year they. Traded it paper silver.
• 8:31
  There it is. Oh, they traded some of that
• 8:33
  silver. No, they didn't trade this.
• 8:37
  I just love this thing. It's.
• 8:38
  So beautiful. It's a.
• 8:39
  Silver dragon round from person they didn't trade.
• 8:43
  This I digress. No, they traded this silver.
• 8:47
  That silver A. Billion.
• 8:49
  Ounces in one day. Are you kidding me?
• 8:54
  And you're going to. Tell us that the price of.
• 8:55
  Silver is not manipulated, OK? It's insane, you know?
• 8:59
  The entire mining sector produces 800 million oz per
• 9:02
  year. Think about silver and gold
• 9:05
  logically. Think about what we just said.
• 9:08
  Doesn't it maybe make sense? That the physical market.
• 9:12
  Like Keith Newmeyer said. Like Phillips?
• 9:13
  Baker said. Is driving this rally.
• 9:16
  And wait till you hear what? We get to look at when it comes
• 9:19
  out of China. It's unbelievable.
• 9:20
  We. Are going to get there next but
• 9:22
  hey since I brought him up. I do.
• 9:24
  Want to say thank you to channel sponsor First Met.
• 9:27
  It's a big honor for us, right, to have them sponsoring Ron's
• 9:31
  basement. OK, you guys.
• 9:33
  Are sending me e-mail after e-mail.
• 9:35
  About what a great. Premium experience you're having
• 9:39
  with First Met? They're owned by First Majestic
• 9:41
  Silver, who mines the silver in Mexico.
• 9:44
  Ships at the Las. Vegas, Nevada, where it's
• 9:47
  transformed into world class. Silver.
• 9:50
  Bullion. Products like the silver.
• 9:52
  Dragon. I'm telling you guys, this thing
• 9:54
  is absolutely. Beautiful and they've got a lot
• 9:57
  more you can look at as well on their.
• 9:58
  Website. I set it right here.
• 10:01
  On my desk and when I look, I'm not a dragon guy.
• 10:03
  I'll be honest with you, OK? I've never been in the.
• 10:05
  Dragons. Never played Dungeons and
• 10:08
  Dragons. No, no offense to anyone who
• 10:10
  did, but when I look over, I'm looking at it right now and it
• 10:14
  the light shines off. It is absolutely stunning,
• 10:17
  absolutely beautiful, and with first mint.
• 10:20
  Right, the silver goes. From the mine to the mint.
• 10:25
  To you and. It's a premium experience.
• 10:29
  But what did we just talk about? We talked about. 1 billion paper
• 10:33
  oz trading right on the on the on the comex, the LBMA.
• 10:38
  Think about that when you buy silver from first mint, it never
• 10:43
  gets touched by those big exchanges.
• 10:45
  Let me show. You their website.
• 10:46
  Real quickly so you know where to go.
• 10:49
  It is. First, mint.com.
• 10:53
  You can check them out there. They've got all types of
• 10:56
  different. Products.
• 10:56
  Just go to their store, they got bars.
• 10:59
  They. Have rounds, they have
• 10:59
  accessories, they have the Folds of Honor campaign.
• 11:02
  You can check it out. All all.
• 11:04
  At first mint. Uh oh, hold on, did I forget?
• 11:08
  I did. Sorry guys.
• 11:11
  That's what we get for the live stream.
• 11:12
  Here's the first Mint website which I should be sharing with
• 11:16
  you right now. First mint.com and again right
• 11:20
  there. You go go to the store tab.
• 11:21
  Where you can look at everything that they have to offer now.
• 11:24
  Let's talk about the big story, then we're going to talk about
• 11:27
  two. $135 silver and we're going to look at some more charts.
• 11:30
  But the big story over the. Weekend that gave.
• 11:32
  All of us some heart palpitations.
• 11:37
  China raised margin requirements and there's in their silver
• 11:41
  market. OK, let's just dig.
• 11:42
  In but then let's talk about something very, very massive and
• 11:47
  huge that's happening today that is really unbelievable and I
• 11:52
  think points towards great things to come for us in the
• 11:55
  silver market. So let me.
• 11:57
  Find the first article I have on that.
• 12:00
  There we go. All right, we're going to start.
• 12:02
  Here this is what broke. Over the weekend, China's
• 12:07
  Shanghai Futures Exchange hikes silver margins as much as 26%
• 12:12
  and then. These were the warnings.
• 12:13
  That we were getting right warning tonight's this would
• 12:16
  have been last night. Globex Asian Open Could.
• 12:20
  Be brutal as many. Longs.
• 12:23
  Will be forced to liquidate. OK, then we get this.
• 12:27
  From super respected name in the precious metal sector, David
• 12:31
  Morgan himself. Said be advised, we're going to
• 12:34
  talk about how this all worked. Out and now there's a.
• 12:36
  Big. Silver lining guys, don't.
• 12:38
  Forget, but David Morgan said be advised.
• 12:41
  The quote UN quote silver. Market.
• 12:43
  Is still. Primarily A derivatives market.
• 12:46
  Yes, physical. Is definitely taking more and
• 12:49
  more control. However, until the physical is
• 12:53
  the dominant factor, increasing margin requirements will.
• 12:57
  Affect the price. Setting mechanism.
• 12:59
  So he kind of corroborated the warning and I was kind of
• 13:02
  feeling that way as well. This is who broke it.
• 13:05
  Of course, the Oriental ghost put out the the actual tweet.
• 13:08
  But then look at this and remember.
• 13:10
  This this is. David Bateman David Bateman is
• 13:13
  the guy that owns like 13 or 14,000,000.
• 13:16
  Ounces of silver. I don't know worth what 800,
• 13:19
  nine, $100 million? Listen to what David.
• 13:22
  Bateman, the billionaire, the new Hunt brothers, in my
• 13:25
  opinion, had to say. He said if these.
• 13:28
  Margin hikes don't. Meaningfully suppressed the
• 13:31
  silver price. We'll know.
• 13:34
  We'll know. We will know.
• 13:36
  The paper market. Is in its.
• 13:39
  Death throes. So what?
• 13:41
  Happened. Well, let's go out.
• 13:43
  Here to Vince Lancy, right, one of the other most respected
• 13:46
  names in the precious metal sector, he said this morning,
• 13:49
  breaking the Shanghai. Did I share the right screen?
• 13:53
  Yeah, the Shanghai Silver Margin hike backfires.
• 14:00
  Let's listen to vents for just, I don't know. 30 or. 40 seconds
• 14:03
  the. Shanghai Futures Exchange raised
• 14:05
  silver margins to historically high levels, an aggressive move
• 14:09
  aimed at curbing volatility during Asian trading hours.
• 14:12
  This came on the heels of sharp sell offs in COMEX silver on
• 14:17
  Friday, following several days of volatile but extended
• 14:20
  rallies. Most market participants
• 14:22
  initially interpreted the Shanghai margin hike as a
• 14:25
  genuine attempt to suppress leverage speculation and restore
• 14:29
  order. That interpretation made sense
• 14:31
  on paper. Higher margins usually cool
• 14:34
  markets. Instead, silver rallied nearly
• 14:37
  2% during Shanghai hours. So hey, did you hear?
• 14:40
  That guys, so this. This margin hike that was in
• 14:46
  theory there to. Cool the markets.
• 14:48
  Actually, the markets went up and we know what's going on
• 14:51
  today. You know what?
• 14:52
  Let's take a quick. Break and go out and take a.
• 14:54
  Look at the futures. Price right now.
• 14:58
  For silver, where we see we're. Still up $1.74 per oz
• 15:06
  Unbelievable. You know, while we're here and
• 15:10
  then we're going to wrap it up on this China thing.
• 15:13
  Look at that one year. Chart of silver.
• 15:16
  Join me, my fellow basement dwellers and a big, big smile.
• 15:20
  OK? Remember where were we one year
• 15:23
  ago for kicks and giggles? There we are. 3029 dollars.
• 15:28
  We had a silver price. Wow, unbelievable.
• 15:31
  Where is that? Here we go.
• 15:33
  On the 20th of December. Last year we had a silver price.
• 15:38
  Of 20 under $30 per oz can you think can you Can you believe it
• 15:43
  right I don't think we're ever going to see a.
• 15:46
  Silver price with a, three with with a. 2 until we get to 200 a
• 15:52
  three until we get the 300. Maybe we'll, maybe, maybe I.
• 15:57
  Say there's about a 14% chance, what do you think that we'll?
• 16:00
  Get a silver price. Again.
• 16:02
  That starts with four. That isn't 400 meaning in the
• 16:06
  40s. I think it's very.
• 16:07
  Rare we were. Setting this this move.
• 16:10
  That we have based. On a physical market, we're
• 16:12
  building more and more of a solid consolidated base in the.
• 16:19
  Silver price. Wow, it's exciting.
• 16:21
  Let's go back to China. OK, maybe.
• 16:23
  Say hi to some people when? You have.
• 16:27
  Time. OK, Thank you.
• 16:28
  That's upstairs, Susie, my lovely wife.
• 16:30
  Chiming in and we have 200. Likes don't forget guys give
• 16:34
  this. A thumbs up.
• 16:35
  OK, that helps get the. Word to more people and for
• 16:38
  those of. You who are new, we got a.
• 16:39
  Lot of new people. This here walkie-talkie.
• 16:43
  Is my wife upstairs? Susie she helps with.
• 16:46
  Everything. Everybody loves her and she.
• 16:48
  Loves to give you come on, reach outreach out high 5, high 5 OK,
• 16:55
  let's go back. And look at more.
• 16:56
  Silver stuff. China, there was something from
• 17:00
  Gassler. It is coming from everywhere and
• 17:03
  then another huge story. It's unbelievable what's going
• 17:06
  on with China. We're going to share this tab.
• 17:08
  This is OK. OK, this is.
• 17:10
  China. This is from King Kong 9. 888
• 17:14
  OK. Five metric tons of.
• 17:16
  Silver. This, this what's important to
• 17:19
  to realize when we. Watch this short little video is
• 17:22
  that silver is a worldwide. Market and silver is being
• 17:26
  gobbled up all around the. World just because our.
• 17:30
  Neighbors in the United States, if you're joining me from the
• 17:32
  United. States I respect people.
• 17:34
  From all over the world. But just because our neighbors.
• 17:37
  Aren't out on a silver the. World, which is much.
• 17:40
  Bigger than the United States is in a state.
• 17:43
  Of Silver Frenzy. So think about that while we
• 17:46
  watch this right 26. Second video from China from
• 17:52
  King Kong 9. 8888. All our silver today has been
• 17:57
  completely sold out every last. All of our silver.
• 17:59
  Today has been completely. Sold out and.
• 18:01
  He said this is from a big distributor in mainland China.
• 18:05
  OK, I'll. I'll keep, I'll zip.
• 18:07
  It I won't even make the sheep noise and we.
• 18:09
  Will watch. This again from the start.
• 18:12
  All our silver today has been completely sold out every last
• 18:15
  bit, and originally we had five tons right here, but now it's
• 18:18
  almost completely gone, almost at the bottom, and there's still
• 18:21
  a whole pile of these. All these customers are eagerly
• 18:24
  waiting for their orders to arrive so they can pick them up,
• 18:26
  every single one of them. These boxes over here haven't
• 18:29
  even been opened yet, but I'm pretty sure they'll all be
• 18:32
  needed by tomorrow as well. Wow.
• 18:37
  OK. Thank you very much.
• 18:40
  All right, guys. So let's wrap up on China.
• 18:42
  The silver margin hikes that the Chinese put through that we're
• 18:45
  going to destroy the silver price didn't work out that way.
• 18:48
  David Bateman, the new Hunt. Brothers, the billionaire who
• 18:52
  owns 14,000,000 ounces of silver, said it himself.
• 18:54
  If this doesn't knock the silver price.
• 18:57
  Down it. Tells us that the paper.
• 18:59
  Market is in its quote UN quote. Death throws, we got a lot.
• 19:04
  To be smiling about. But how about we?
• 19:06
  Smile about this. How long have you owned?
• 19:08
  Silver. Did you own silver in 2005?
• 19:11
  Wait till you watch this. This will be the last little
• 19:14
  video segment. We do today.
• 19:16
  Let me pull it up here. Oh, wait, wait, wait, wait,
• 19:19
  wait, wait. OK, we'll do that. 1st and then
• 19:21
  we'll come back. We got one more big major.
• 19:24
  This is another. Major story out of.
• 19:26
  China, let me share. This this is 2005 versus. 2025.
• 19:33
  South today, but. Compared to 20 years earlier,
• 19:36
  how much? Is represented by a. $500 Why is
• 19:41
  that not working? Hold on here, OK, and I'll make
• 19:44
  it work. Now let me make this full
• 19:46
  screen. This is a tik.
• 19:47
  T.O.K. If you're anything like me, I
• 19:49
  don't spend much time on TikTok. But this is what's.
• 19:52
  Going around tik. T.O.K this is what.
• 19:54
  The younger people, younger to me, maybe you're older than me,
• 19:57
  younger, whatever, but younger to me, a lot of people in their
• 20:00
  20s my. Kids, teenagers like watch
• 20:03
  TikTok. This is what's going around
• 20:05
  TikTok. This shows you in no uncertain
• 20:07
  terms how much silver you could buy for $500 in 2005 versus
• 20:11
  2025. This is 2005 you can get.
• 20:18
  Oh, wait. For $500.
• 20:20
  You could get. That much?
• 20:22
  What? Wait, there's more.
• 20:23
  You can get that much silver. There's even more.
• 20:29
  That's Oh my gosh. Hey, wait a minute.
• 20:32
  Let's get on a time machine. Look at that's how much silver
• 20:35
  you can get in 2005 for 572 oz. Today, this is how much you get
• 20:41
  for 500 dollars. Sorry, 8 1/2 ounces.
• 20:47
  OK, look at that guys, 2005 you can buy all.
• 20:51
  That for $500. Today you can buy 98.5 oz for
• 20:58
  $500. But what about $235 an ounce
• 21:02
  silver, Ron, you're asking? Well, we're going to look at
• 21:05
  that. Excuse me next.
• 21:08
  Before I do that, I do want to say thank you to channel sponsor
• 21:11
  First Mining Gold. They've sponsored my channel for
• 21:14
  many years, have made this. Possible.
• 21:16
  That I could connect. With you talk about silver, talk
• 21:19
  about gold. They are a.
• 21:22
  Development Stage gold Company in Canada.
• 21:25
  They have two huge development stage projects with millions of
• 21:29
  Oz of gold in the ground that have been worked on for decades.
• 21:33
  They have spring pull in Ontario and Du Parquet located in
• 21:37
  Quebec. Massive amounts of gold in the
• 21:40
  ground and that's becoming. Very, very valuable because.
• 21:44
  There aren't many huge gold development stage projects in
• 21:48
  favorable jurisdictions And those great big mining companies
• 21:52
  that are producing gold, right, need to replenish their pipeline
• 21:57
  and they want to grow. And there just aren't many big
• 22:00
  projects in favorable jurisdictions.
• 22:03
  You can learn more about first mining gold at
• 22:05
  firstmininggold.com. Let's talk about $235 per oz
• 22:11
  silver. I didn't even put that in the
• 22:13
  thumbnail. Hold on, let's go take a look
• 22:15
  and. Let's investigate.
• 22:16
  Oh, whoa, whoa, whoa, whoa, whoa.
• 22:19
  I apologize. I forgot the other.
• 22:21
  Massive story about. China and precious metals, then
• 22:24
  we're going to go and look at $235 silver.
• 22:27
  But this was breaking. Over the weekend.
• 22:31
  The. Hold on.
• 22:33
  OK. Do we?
• 22:34
  Get the right screen. Yes.
• 22:35
  OK, be in America's reporting the Chinese.
• 22:39
  Group. CMOC who I've never.
• 22:41
  Heard of but apparently. They have a lot of money and
• 22:44
  love precious metals. Are acquiring Equinox Gold's
• 22:48
  assets for. US $1 billion in Brazil,
• 22:53
  essentially. I am very familiar with Equinox.
• 22:55
  Gold. It was started by Ross.
• 22:56
  Beatty Ryland Bailey, their director of investment.
• 23:01
  Great company. It's actually a stock.
• 23:03
  That I've also owned for for many years.
• 23:06
  Unbelievable company. They had big.
• 23:08
  Operations in Brazil and they are selling them to a Chinese, a
• 23:13
  Chinese company is buying them for $1 billion.
• 23:17
  Why is that important? Because on top of.
• 23:19
  Everything else that we've. Learned about China today and
• 23:23
  how they were trying to knock down the silver market but that
• 23:25
  didn't work and how. The physical side of.
• 23:28
  Silver's taking over. They are investing huge, huge.
• 23:32
  Amounts. The Chinese are committed to
• 23:36
  gold and silver and that. Just shows how much a billion
• 23:40
  dollars that they're spending to buy Equinoxes.
• 23:44
  Only their operations in Brazil. Equinox has other big mines
• 23:48
  actually too up in in Canada, Greenstone and Ballantyne.
• 23:52
  They got some mines in California and a big mine in
• 23:55
  Mexico is on Anyway I. Digress.
• 23:58
  The big take away there. China is making big, big moves
• 24:02
  in the metals. Don't be surprised.
• 24:04
  To see China starting to buy some silver mines as well I.
• 24:07
  Promised you $235 silver. Let's go take a look.
• 24:11
  These are real hard numbers. Real hard numbers showing that
• 24:16
  right now, today, right? A number.
• 24:18
  Like $235 silver is. Not out of the question, and
• 24:22
  it's very. Simple.
• 24:23
  And easy to understand. Let's.
• 24:25
  Go take a look. Hold on here, wrong one.
• 24:28
  Here we go. This comes from our new friend.
• 24:35
  Doctor. Potassium.
• 24:36
  I don't know. About you, but that.
• 24:38
  Username just really cracked me up.
• 24:41
  This is the gold to silver ratio.
• 24:43
  Right, the number of Oz of silver.
• 24:45
  That it takes to buy. One ounce of gold, a comparison
• 24:50
  and projection in context. OK, in 1980 when we had the the
• 24:55
  top and precious. Metals Gold was 8. $175 silver
• 25:00
  was 40. 8 The gold to silver. Ratio at that point was about
• 25:05
  18. It would take you. 18 ounces of
• 25:08
  silver to get one ounce of gold in 1980.
• 25:11
  At that top. 2011. OK, gold.
• 25:15
  Topped out at almost 1800 silver.
• 25:17
  Again, almost $50 at that point not that long ago.
• 25:22
  It would take 30. 6. Ounces of silver.
• 25:25
  That's the gold to silver. Ratio to buy one ounce of gold.
• 25:29
  Presently we're at what, 4300? Dollars an ounce gold. 62 for
• 25:33
  silver we have a gold takes 70. Oz OK to get one ounce, 70
• 25:39
  ounces of silver to get one ounce of gold.
• 25:41
  If today, OK. If today.
• 25:44
  We were at the. Same ratio that we were.
• 25:46
  At at the top in 2011. Silver would be at.
• 25:51
  One hold on, want. Me to highlight that for you.
• 25:55
  Hey I what the heck? You're special.
• 25:57
  I know your favorite color. I'm thinking, yeah, you have the
• 26:00
  same favorite color as me, Orange.
• 26:02
  There's orange. OK.
• 26:04
  If we were at that same ratio today that we were at at the
• 26:07
  previous. High in 2011 we would have
• 26:10
  $120.00 silver but. Wait, there's more.
• 26:13
  If today were the. Top for gold in 1980, OK.
• 26:17
  If we had the same ratio that we had at the last top for gold.
• 26:21
  And silver in 1980 the. Price would be. 200 I lied,
• 26:27
  we're going to round up 200 and. $36 per.
• 26:32
  Oz Absolutely unbelievable. OK.
• 26:37
  Guys everywhere we. Look, we're seeing evidence.
• 26:40
  That this. Precious metals market that
• 26:41
  we're in right now. It really is different.
• 26:44
  You can feel it. I can.
• 26:46
  Feel it. I do want to say thank you.
• 26:48
  Hold on. Let's check in with upstairs
• 26:49
  Susie and see where we are. Don't.
• 26:50
  Forget thumbs up 1400, I just noticed.
• 26:53
  Oh my God, breaking. News.
• 26:56
  This may be a. Record for the number of.
• 26:58
  People that have. Joined me in the basement I.
• 27:00
  Got to get a bigger house with a bigger basement.
• 27:03
  What a big. Honor that you're here.
• 27:05
  I don't even know, maybe. Upstairs, Susie will hear this.
• 27:08
  And on her walkie, chime in and tell us how many thumbs up we
• 27:11
  have. Because I got to ring the golden
• 27:13
  gong. But there's some.
• 27:14
  Big key take away we got to see. From this wow. 1400 people 200
• 27:22
  and 31. Hey, thumbs up.
• 27:24
  Guys, let's get the. 400 huh? And I'll ring the golden gong.
• 27:28
  I don't want to tease you and. It brings us good luck.
• 27:32
  I'll ring the golden gong 4 times if we get to 400, Susie
• 27:36
  wants me to say. Hi to some people.
• 27:38
  Hello. I can't read my eyes are going
• 27:41
  bad my. Hearing Forbidden Planet.
• 27:43
  Hello, Oscar. Herrera, Daniel, Fartwell,
• 27:48
  Echoland, me and we have so many.
• 27:50
  People, if you guys I can't say hi to.
• 27:52
  Everybody but I'm saying hi to you right now.
• 27:55
  You might be in Montana, Michigan, Madagascar.
• 27:58
  You might be in the middle. Of Africa the big key take away
• 28:01
  here guys is we have. 1300 people.
• 28:03
  Two big key takeaways. The number of people that are
• 28:07
  joining the silver and gold movement are growing and
• 28:11
  growing. That will be more money coming
• 28:13
  into gold and silver. The other thing is it.
• 28:16
  Demonstrates for us that we are all over the world, right?
• 28:21
  Everywhere. Tell me.
• 28:23
  OK. Wow.
• 28:24
  Thank you. Oh, who's this?
• 28:25
  Michigan blockhead? We used to have a guy in this.
• 28:30
  Oh my gosh. We got a super chat.
• 28:31
  Dan Warren, $10. Wow.
• 28:35
  Everyone shout out to. Rosemary at first.
• 28:37
  Met. I'm calling her.
• 28:38
  For a big order today. From AI aggravated Indian OK.
• 28:43
  Big shout. Out to 1st meant man I forgot
• 28:45
  what I was saying thank. You for that super Oh Michigan
• 28:48
  blockhead. Love that.
• 28:49
  We had a guy that used to be around here called Old ODBG, Old
• 28:54
  Dirty Bastard Garage or something like that.
• 28:57
  I don't know. Hey, thank.
• 28:59
  You. There's Susie.
• 29:00
  Hi, Susie. My Irish life.
• 29:02
  Russell Browse. OK, guys, we got it.
• 29:04
  OK. OK, hold on.
• 29:06
  Let's let's let's ring the gong, OK?
• 29:09
  We got a lot to look forward. To we're going to have a lot of
• 29:11
  fun in the next year, right and decade when it comes to precious
• 29:16
  metals. Listen to it resonate.
• 29:25
  That's the good luck gone. All right.
• 29:27
  Thanks for joining me. OK.
• 29:29
  Really, this is not possible. I wouldn't be down here if you
• 29:32
  weren't here. So thank you.
• 29:34
  Your time's valuable. I.
• 29:35
  Appreciate you being here. Please.
• 29:37
  Subscribe to the channel. Turn on the little bell
• 29:39
  notification. We don't charge for any of this.
• 29:42
  Not that we could, but you know, look, I understand the.
• 29:46
  Technicals of what goes. On in the market.
• 29:48
  But we also. Want to keep it simple and have
• 29:51
  some fun? Right, because that's what.
• 29:52
  It's about community. That's what the silver and gold
• 29:55
  world is. It's a community of people that
• 29:57
  agree and know the. Value of what we?
• 30:01
  Have I appreciate you being here.
• 30:03
  OK, take care and I will. Look forward to seeing you, yes
• 30:08
  you next time.