Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / I WARNED You 📣 - This Happens before December! (silver price and gold price)

Transcript

I WARNED You 📣 - This Happens before December! (silver price and gold price) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  This idea of $44.00 silver, $50 silver, do you find it a little
• 0:07
  hard to believe? I understand.
• 0:10
  But guys, we got to remember something that's less than a
• 0:13
  double from where we are right now.
• 0:17
  And if we look back at history, and we will do that in this
• 0:19
  video, the idea of silver going from $2829 per oz to 50 and then
• 0:27
  even higher is not out of the question.
• 0:30
  The one thing that also is not out of the question is the fact
• 0:34
  how much we appreciate you. Yes, you, there's one you.
• 0:39
  It's a big deal. You've taken your time to join
• 0:41
  us here in the basement. Hey, welcome to the club.
• 0:44
  You're welcome here. You belong here.
• 0:46
  Please subscribe to the channel become a basement dweller.
• 0:49
  Leave a comment in the comment section.
• 0:52
  Your comment could be featured during a live stream.
• 0:55
  Send me an e-mail, whatever you want to do.
• 0:57
  You're part of the group. Thank you for being here.
• 1:00
  Let's dive into what I think is a fascinating piece of an
• 1:05
  analytical work by Mike Mahari. And guys, when we're done with
• 1:09
  this, it's going to leave no doubt in your mind that we could
• 1:13
  absolutely, absolutely get the $50 silver and much higher.
• 1:18
  This was on silverseek.com. Great website.
• 1:22
  It says a silver teacup. Are you ready for a silver
• 1:25
  teacup, basement dwellers? But what does this have to do
• 1:28
  with $50 silver? You're going to find out real
• 1:31
  soon. This epic 45 year silver pattern
• 1:34
  could have traders drooling. Put your bibs on my fellow
• 1:40
  basement dwellers. Yes, sometimes we drool, he
• 1:44
  says. Gold's been been on quite a bull
• 1:46
  run this year, but silver has lagged.
• 1:48
  Very important thing for us to remember.
• 1:51
  We'll touch on that more later. The wide gold to silver ratio
• 1:55
  tells us that silver is historically underpriced
• 1:59
  compared to gold. And it's clear that the white
• 2:04
  metal isn't priced for the supply demand dynamics, right?
• 2:08
  Pointing out two important things, crazy gold to silver
• 2:12
  ratio and crazy supply demand Dynamics points out with a
• 2:16
  little over 50% of silver demand comes from industrial offtake.
• 2:22
  But at silver score, and I think a lot of us, do you agree, you
• 2:26
  know what put it in the comment section.
• 2:28
  Do you look at silver is more of an industrial metal, a monetary
• 2:34
  metal. I think we all agree that it's
• 2:36
  both, but which one do you think holds more weight?
• 2:39
  I'll tell you my answer. I think monetary, but that's
• 2:42
  just my opinion. I'd be curious to get a kind of
• 2:45
  an idea and for you guys to see what what your fellow basement
• 2:48
  dwellers think because he says at its core, silver is a
• 2:52
  monetary metal and it tends to generally track with gold over
• 2:58
  time. I'll be it in a more volatile
• 3:01
  manner. After I read this article, I was
• 3:04
  so pumped up because it's it's just we're headed to higher
• 3:09
  silver. My opinion, don't make any
• 3:11
  financial decisions based on anything I'm saying here.
• 3:13
  Don't decide to get engaged, adopt A puppy, buy silver
• 3:16
  futures contracts, do anything. I'm just giving you my truth.
• 3:20
  My and this to me points it out very clearly.
• 3:24
  What can the price chart tell us about silver?
• 3:27
  We've looked at this guy's right, probably 2 million * a
• 3:30
  secular cup and handle. But really we can't look look at
• 3:34
  it enough, right? Look at that cup and handle
• 3:38
  pattern. I mean like nothing we've seen
• 3:41
  before, but he points out some very interesting facts about
• 3:45
  this. It's a long term bullish
• 3:47
  pattern. OK.
• 3:49
  This cup and handle pattern has played out over an extremely
• 3:54
  long time frame. Have you heard?
• 3:56
  I've heard some people say it's like from a time frame
• 4:00
  perspective, the longest cup and handle in the history of the
• 4:04
  universe. Historically longer patterns
• 4:08
  portend. I really don't know what that
• 4:11
  word means, but I would say maybe predict bigger breakouts
• 4:15
  with a broader base signaling a bigger upside case.
• 4:19
  Let me go back to that. I was laughing because I'm, I'm,
• 4:21
  I'm kind of embarrassed. My vocabulary seems to be a bit
• 4:24
  limited. I do know what bifurcate means.
• 4:27
  OK, A longer pattern predicts bigger breakouts with a broader
• 4:33
  base, with me in a longer base signaling a bigger upside case.
• 4:38
  That kind of rhymes too. A bigger, bigger breakouts with
• 4:41
  a broader base signaling a bigger upside.
• 4:43
  We need to make a silver cup and handle song.
• 4:46
  Could one of you write that for me?
• 4:47
  I'll be glad to sing it. This isn't this is critical.
• 4:51
  Gold followed a similar long term pattern resolving with a
• 4:55
  breakout to new all time highs last year.
• 4:59
  I'm sorry gold followed a similar pattern.
• 5:02
  If that's I think I said silver resolving a breakout the new all
• 5:05
  time highs last year. And what did we know, right?
• 5:09
  Silver has lagged gold's performance, but that's actually
• 5:14
  like the most common of common occurrences.
• 5:18
  That's like what every silver and gold investor knows.
• 5:21
  Gold goes first, makes a big move, and then silver follows.
• 5:27
  Excuse me, if history is any indication.
• 5:31
  And guys, isn't history usually an indication, right?
• 5:34
  Silver may soon follow gold's lead.
• 5:38
  Thanks again to Mike Mahari for putting this together.
• 5:41
  I think this is probably one of the best silver.
• 5:43
  Do you guys agree? One of the best silver articles
• 5:45
  I've seen in a long, long time. Listen to this in red after
• 5:51
  gold's recent breakout. Above $2500 per oz Gold continue
• 5:56
  Gold's continued strength above that key level should act like a
• 6:01
  magnet to pull the silver towards the $50 level.
• 6:08
  All right, a magnet to pull silver towards 50.
• 6:11
  We know about the big cup and handle OK in green should it
• 6:14
  occur. Oh, come on, Mike.
• 6:16
  It's gonna occur, man. We're rooting for you, Mike.
• 6:19
  A decisive. We like Mike.
• 6:21
  A decisive break. Above $50 silver.
• 6:24
  Above $50 silver. What are you, a silver pumper?
• 6:29
  You know, I get all these emails about 2% say you're nothing but
• 6:34
  a silver pumper, You're, you're up to something, blah, blah.
• 6:37
  No, I just really believe this guy's OK.
• 6:40
  I really believe it. And you know what?
• 6:41
  I got a really mean comment yesterday from this guy saying
• 6:45
  you put out too much content and we're sick of your, your crazy
• 6:48
  predictions and blah, blah, blah.
• 6:50
  And you know what I said back to that guy?
• 6:51
  I said, you know what? You don't have to watch Ron's
• 6:54
  basement. Here's an idea, right?
• 6:56
  If you see a thumbnail with my ugly, my beautiful face on it,
• 7:00
  kind of a combination of Robert Redford, Justin Bieber and Oscar
• 7:04
  the Grouch, don't click on it. I'm sorry.
• 7:07
  I digress. Should it occur a decisive break
• 7:12
  above $50 silver. I don't force anybody to watch
• 7:16
  this. You guys are here because you we
• 7:17
  we like to come together and we like to talk about this stuff.
• 7:21
  I mean, you don't not like a Velcro anybody to their seat and
• 7:26
  force them to watch. All right, I'm done talking
• 7:28
  about that should it occur. Let's get back to $50 silver.
• 7:32
  A decisive break above $50 silver would complete an epic 45
• 7:39
  year cup and handle pattern and market technicians would then
• 7:43
  look for a slingshot. Move higher from there.
• 7:48
  Remember, that's that rubber band that I like to show you
• 7:50
  guys from time to time. Here, let me show you real
• 7:52
  quick. Let me say hi to you.
• 7:55
  Hi, Hi. Hi, basement dwellers.
• 7:58
  Right? This is the slingshot.
• 8:00
  This is gold. OK, this is silver.
• 8:04
  And even the colors represented, the gold price is stretched,
• 8:08
  stretched, stretched out, right. This is 8090 to one gold to
• 8:15
  silver ratio. When that when that starts to
• 8:19
  compress. Hold on, slingshot.
• 8:23
  OK, feel like I just worked out. Let's get back to the article.
• 8:32
  Oh, where is the article? Oh, no, hold on.
• 8:36
  What happened? Did I lose my article?
• 8:38
  All right, deep breath. There we go.
• 8:41
  All right, hold on guys, sorry for the OK slingshot move higher
• 8:47
  from there. Zooming into a five year chart,
• 8:49
  we can clearly see silver breaking out from its post
• 8:53
  pandemic consolidation wedge, right?
• 8:56
  There's the wedgie. We talked about that a lot,
• 8:59
  right? I mean, and silver broke out,
• 9:02
  which is good is staying above, right?
• 9:05
  We don't want to go below $26, but we're seeing a a solid move
• 9:11
  out of that area. Putting it all together, as the
• 9:15
  saying goes, history doesn't always repeat, but it often
• 9:18
  rhymes and it often does repeat. When we see these kinds of
• 9:21
  patterns emerge, one should sit up and take notice.
• 9:24
  Everybody sit up with me. Feels better to sit up.
• 9:26
  Have a sip of coffee as well. This is especially true when it
• 9:33
  coincides with fundamentals. So what he's saying is these
• 9:36
  charts are pointing toward $50 plus silver.
• 9:41
  But it's not just the charts. It's the fundamentals as well.
• 9:44
  OK. He talks about the gold to
• 9:45
  silver. Oh, this is interesting.
• 9:48
  The gold to silver ratios historically wide right now at
• 9:51
  87 to one. Yes, it'll take you 8790 ounces
• 9:55
  of silver to get just one little measly ounce of gold.
• 10:00
  I love gold, but I'm not going to trade 90 ounces of silver.
• 10:03
  Are you? I mean, really meaning OK, like
• 10:07
  he just said to buy an ounce of gold.
• 10:08
  To put that into perspective, the average in the modern era
• 10:14
  has been between 40 and 60. So typically in modern times,
• 10:20
  which we all live in, right, we live in an interesting times by
• 10:23
  dynamics, everything else. But nonetheless, during average
• 10:26
  modern times, the gold to silver ratio has been between 40 and 60
• 10:30
  to one. If we average that to 50 to one,
• 10:35
  what does that give us for what the silver price should be?
• 10:38
  It should take 50 ounces of silver to buy one ounce of gold.
• 10:44
  That would be a 50 to one Gold to silver ratio, $50 silver a
• 10:51
  gold, a gold to silver ratio of 50 to one.
• 10:54
  In other words, from a historical perspective, silver
• 10:57
  is underpriced. Historically, the the ratios
• 11:01
  always returned to the mean and it's done so with a vengeance.
• 11:05
  Overshooting that means the ratio fell to 30 to one guys
• 11:10
  that would be above $80.00 silver, just so you know in
• 11:13
  2011, oh, oh, oh, oh, this is great OK and below 20 to one in
• 11:19
  1979, but let's just go to 2011 because most of us can remember
• 11:24
  2011, all right, the gold to silver ratio hit 30.
• 11:28
  That would be above $80.00 per oz silver.
• 11:31
  Let's go. What a great Segway into this
• 11:35
  next segment because look what I got this morning, guys.
• 11:40
  Look what I got from one of you. Yes, I told you, right?
• 11:46
  Send me an e-mail, send me a text, whatever, leave a comment.
• 11:49
  This came from our friend David. He's a veterinarian, OK, Smart
• 11:53
  guy, lives down in Florida, right?
• 11:57
  He sent this to me in 2011. Like we just talked about when
• 12:01
  the when the gold to silver ratio got down to 30, OK, $27.00
• 12:07
  silver to $4850 silver just 13 years ago, $27.00 to $48.
• 12:14
  But it'll never do that. We're just, I'm just a silver
• 12:17
  pumper over a 12 week period. Look at this, wow.
• 12:24
  You know, I mean, guys, it happens.
• 12:26
  Repeat performance, if not by Christmas by next spring.
• 12:31
  Thank you, David, for sending that and for the great reminder,
• 12:35
  right, of the good times that we're in for.
• 12:37
  But there's more I want to talk to you about when it comes to
• 12:41
  what is going on in that. Remember what Mike Maharry
• 12:45
  stated, we've got a massive epic cup and handle in the silver
• 12:50
  market that shows that we could get the $50 silver and beyond,
• 12:55
  OK. But what makes it always so
• 12:59
  interesting is that gold already did it.
• 13:03
  OK, Gold broke out from its cup and handle we're at all time
• 13:06
  highs and gold. But are you considering the fact
• 13:11
  right that silver always lags gold?
• 13:15
  OK, so silver, it's not unusual that it's not broken out, but
• 13:19
  it's going to break out. It will break out.
• 13:22
  OK, No guarantees, no guarantee. I can't guarantee, but doesn't
• 13:26
  it feel like it? Then we consider the fundamental
• 13:28
  factors and then and then I also think that it's critical that
• 13:33
  when we look at the price of silver in foreign countries like
• 13:37
  Canada, Australia, India, Argentina, we talked about this
• 13:42
  yesterday in particular. Australia, excuse me, they've
• 13:50
  got a big cup and handle. It's either broken out or really
• 13:54
  near to breaking out. Sure, that's pricing silver and
• 13:57
  foreign currencies. But guys, guys, that doesn't
• 14:00
  matter. That will be more power, more
• 14:02
  magnet. People are sending me emails
• 14:04
  from Australia saying that the bullion is becoming more
• 14:08
  challenging. I'm not going to say it's gone
• 14:10
  or there's a shortage, but they're noticing stress in those
• 14:13
  markets as well. And what we know here in the
• 14:18
  United States when it comes to 90% silver, right?
• 14:21
  Our friend Coin Shop Chris, who by the way, has his own YouTube
• 14:25
  channel. Now you can go visit it at Coin
• 14:27
  Shop Chris. But Coin Shop Chris is the 90%
• 14:30
  silver guru. He's putting out warnings.
• 14:33
  He's he's, he's like, you know, sounding the alarm, right?
• 14:38
  90% silver. He is he, he says shortage,
• 14:42
  right? I'll say stress either way,
• 14:44
  whether you slice it or dice it, that is a sign of things to come
• 14:49
  domestically here in the United States.
• 14:52
  We know that in the West, right, ETF purchases of gold and silver
• 14:56
  are on the rise. OK, guys, it's happening and
• 15:00
  it's happening right now. This is some more fascinate,
• 15:04
  more fascinating data about how will silver, what do we have to
• 15:08
  expect? What does, what does previous
• 15:10
  data tell us about what we can expect for silver in the coming
• 15:14
  months? We'll run through this quickly,
• 15:17
  but first guys, let's go out and check on the gold.
• 15:21
  And we're going to talk about the CPI numbers, we're going to
• 15:23
  talk about stagflation. We're going to about silver
• 15:25
  going up 10 times in value. But let's run out to our friends
• 15:29
  at Pin Backs and check on the gold.
• 15:33
  Silver price. OK, Gold we're down 10.
• 15:36
  Silver we're down $0.17 per oz Gold Still above 2500 per oz
• 15:42
  silver. Taking a little bit of a hit.
• 15:43
  Boy, we've moved a lot today. I think we were as high as 29 at
• 15:48
  one point. We'll talk about the CPI
• 15:51
  numbers. It's really not worth us
• 15:53
  spending a lot of time on its water under the bridge at this
• 15:56
  point and it's really a bunch of BS.
• 15:58
  But nonetheless, I want to say thank you to channel sponsor
• 16:01
  Pembex. They make this live stream
• 16:04
  possible. They make videos possible.
• 16:07
  They make the channel possible. They make our basement dweller
• 16:10
  community possible. So if you decide that you want
• 16:13
  to buy yourself some silver, gold, or platinum, you're going
• 16:16
  to buy it online. Shop around.
• 16:18
  But please, just give Pembex a chance.
• 16:22
  Compare prices, OK? Compare what other customers say
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  about their awesome experiences with Pembex, right?
• 16:32
  Realize what I say about Pembex. I just looked back my most
• 16:35
  recent purchase from Pembex. I bought some of those 2023
• 16:39
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• 16:43
  I'll I'll vouch I've always had great experiences with Pembex
• 16:48
  and they've always got a great selection.
• 16:49
  And please, please, please if you ever decide to convert an
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  IRA, take your time, talk to Pembex, compare what they can do
• 16:57
  for you to what these other companies that spend a lot of
• 17:01
  money on high paid celebrity endorsers and commercial time on
• 17:05
  the big cable networks. Compare what Pembex can do for
• 17:08
  you with what those companies. I think you will be shocked.
• 17:12
  Let's go take a look at you right now, basement dwellers.
• 17:16
  Oh, we're taking it on the chin. We talked about this yesterday.
• 17:19
  Today was going to be a volatile day for the markets.
• 17:22
  We talked about the fact that if the metals go down, that's not
• 17:25
  necessarily it's not the end of the world, right?
• 17:28
  It's OK. We need some consolidation.
• 17:31
  We're getting that right now. Everything's going to be OK.
• 17:34
  Trust me. Trust me guys, when it comes to
• 17:37
  the silver price and the gold price, OK, as we head into
• 17:42
  October, November, December, we're going to be putting some
• 17:45
  boots on the warehouse floor. It'll be time for us to buckle
• 17:49
  up buttercup, because we're going to hit $44.00 silver by
• 17:54
  Christmas. You watch?
• 17:55
  That's my prediction. Again, could be wrong.
• 17:58
  Don't make any financial decisions based upon my in depth
• 18:02
  analysis, which is right about 58.7% of the times.
• 18:06
  All right, let's take a look at this.
• 18:09
  This was interesting, very interesting. 4 quick charts
• 18:12
  we're going to run through from Kitco and our friend, our friend
• 18:18
  at Kitco, Ernest Hoffman. Silver's biggest gains and
• 18:22
  losses happen during the same months each year.
• 18:26
  Did you know that guys? OK, but the post C 19 period has
• 18:31
  bucked some trends. OK.
• 18:33
  This comes from Ernest Hoffman again at Kitco and he got this
• 18:41
  data from Investing Haven. And just one quick quote, quote,
• 18:44
  quote, quote before we go look at these charts.
• 18:46
  Silver like many other commodities exhibits seasonal
• 18:50
  patterns that investors can use. You can use this information,
• 18:54
  basement dwellers to inform their investment strategies,
• 18:59
  unless you're like me and you just buy silver like I have over
• 19:03
  the last 20 years and never sell any because it's a generational
• 19:08
  investment. But nonetheless, this is
• 19:11
  interesting. OK, this shows, first chart we
• 19:14
  got 4 to go through shows that from January through February,
• 19:18
  most years, this is 4, this is 4 years.
• 19:21
  The last four years of data that through January, through
• 19:24
  February, March, we usually have an upswing in the silver price,
• 19:28
  but then again a big upswing typically starting in June and
• 19:33
  going through the September, October time frame.
• 19:36
  But then after that kind of flat, OK, so this historical
• 19:40
  four year data says kind of flat is what we can be looking for
• 19:43
  through the end of the year. This is 30 years.
• 19:47
  Make sure I got you on the screen, which I do as you can
• 19:50
  see kind of hidden here. This is 30 years of data of the
• 19:55
  silver again. All right.
• 19:57
  January through April ish over the last 30 years has typically
• 20:02
  been a very strong period for the silver price room.
• 20:05
  Guys, will somebody remind me in January to buy a bunch of like
• 20:08
  futures contracts on silver, OK. But then you see a pullback
• 20:14
  right through June blah, blah, blah, then a big upswing again
• 20:18
  through August ish time frame, then usually a bit of a
• 20:21
  pullback, which is kind of what we got this year.
• 20:24
  But then guys, look at this again, right, 30 years of data
• 20:28
  show kind of flat. I mean, this is not that big of
• 20:31
  a move from a like an index of one O 4 down to A1O2, hardly any
• 20:37
  move like a 2% range over that September, October, November,
• 20:42
  December time frame. So that's historically we should
• 20:47
  be looking at some flatness. Now you know what I think,
• 20:50
  right? And this, this, this data
• 20:52
  doesn't mean that this is exactly what will happen.
• 20:56
  I believe we're in, we're in a unique situation this year with
• 20:59
  the bricks, with the, with the election coming up.
• 21:03
  It's going to be an interesting remainder of the year, an
• 21:06
  interesting remaining 3 1/2 months.
• 21:08
  OK, this is really interesting. This is this shows the
• 21:12
  percentage of months in which silver closed higher than it
• 21:16
  opened. So this is each and this is for
• 21:18
  4-5 years while part of its four years, part of its five years
• 21:22
  because we're in October. So this September, I'm sorry,
• 21:26
  yeah, October, November, December and should be September
• 21:30
  data is 4 years data five years back then.
• 21:32
  But nonetheless this shows each month, right.
• 21:36
  And the percentage of each month that over the last four years,
• 21:41
  five years that the silver price closed higher, look at October,
• 21:45
  it is closed higher 100% of the time at the price of silver went
• 21:51
  up during the month of October, 100% of the time over the last
• 21:55
  four to five years, November, December.
• 21:57
  So look, you know that's kind of new data.
• 22:01
  April's a very good month, historically speaking, but let's
• 22:04
  look at the same data over what I believe would be a yeah, a
• 22:09
  longer period of time, same data.
• 22:11
  All right, then. Then silver go up or down during
• 22:14
  the month over the last 20 years.
• 22:17
  And again, October, 68% of the time over the last 20 years,
• 22:23
  this price of silver has gone up.
• 22:24
  September 40%, OK. But look at this trend from
• 22:30
  January through June. Typically a little down, but
• 22:34
  January and February are good months for silver, July good
• 22:39
  month for silver. And again, as we head into the
• 22:41
  end of the year here, it looks like based on 20 years of data,
• 22:45
  we got a pretty good shot at the at the silver price actually
• 22:49
  going up. OK, interesting.
• 22:52
  Thank you, Kitco. Thank you, Ernest.
• 22:56
  Losses are, yeah, seasonal, seasonal, seasonal, right.
• 23:00
  And the, and we are in a unique set of circumstances right now,
• 23:05
  right end of October, we have Brazil, Russia, India, China,
• 23:09
  South Africa, right, Iran, Egypt, Ethiopia, United Arab
• 23:16
  Emirates and a bunch of other countries meeting in Russia.
• 23:19
  The bricks. Have you heard of the bricks?
• 23:22
  You guys ever heard of this thing called the bricks?
• 23:24
  Yeah. OK.
• 23:25
  And they're talking about we got a big news report out of the
• 23:27
  task news agency, the Russian news agency, hidden over the
• 23:31
  weekend. And very few people are talking
• 23:33
  about it. Our friend Chris Marcus at
• 23:36
  Arcadia had some information about it.
• 23:39
  But they're going to be like getting serious down to business
• 23:43
  in terms of setting up trade settlement currencies between
• 23:47
  those countries. And they're talking about 40%
• 23:51
  gold backing. And there's even some talk about
• 23:54
  the other 60% of this trade currency will be backed by the
• 23:58
  respective currencies of the countries which are involved in
• 24:01
  this. But they, they, they basically
• 24:04
  have to be kind of backed by gold as well.
• 24:07
  We're in a new era for precious metals and who knows what's
• 24:12
  going to happen in the United States.
• 24:13
  I don't want bad things to happen.
• 24:16
  But guys, the fact is a fact. We are in one of the people hate
• 24:20
  each other in this country right now.
• 24:23
  OK, I'll leave it at that. Obviously we had a big debate
• 24:25
  last night. But man, when I talk to people
• 24:29
  as a neutral party that are either what I, what is it, red
• 24:33
  or blue, they don't like each other.
• 24:35
  I'm not a political show. I'm not going to make any
• 24:38
  political statements. I have my own views.
• 24:40
  I'll keep them to myself. Ideonomics.
• 24:44
  It's working. But nonetheless, people aren't
• 24:47
  happy with each other. We could be it.
• 24:50
  It could be. And then, and a lot of people
• 24:54
  don't even, it's weird. They don't talk about it with
• 24:56
  each other. It's a strange situation.
• 24:59
  Who knows how that one's going to play out.
• 25:01
  OK, Hey, this is exciting. This could be the secret weapon
• 25:06
  for precious metals. Let's go out to just a quick a
• 25:10
  couple quick headlines that we're seeing and I'll tell you
• 25:13
  what we're going to do right now.
• 25:15
  We're all going to have a little break.
• 25:17
  We're going to absorb what we've talked about because we got a
• 25:19
  lot more to talk about. And we're all going to have a
• 25:21
  quick sip of coffee and we're going to turn the
• 25:35
  microphone back on. Man, it's a big deal.
• 25:40
  You're here. Thank you, right?
• 25:43
  You. OK?
• 25:44
  I know it's me, it's you, and we're a big group of people, but
• 25:48
  it's not a big group of people without you.
• 25:51
  Please leave comments, OK? None of us has all the answers.
• 25:55
  We can help each other, right? And together we can figure this
• 25:58
  mess out. And if nothing else, right?
• 26:01
  And it's not nothing else, it's a big deal.
• 26:03
  You've got some friends here in the basement.
• 26:05
  You're part of the group. You belong here.
• 26:07
  Thank you for being here. Let's talk about what could be a
• 26:10
  big, massive deal coming down the road for the precious
• 26:17
  metals. Hold on here.
• 26:24
  Hold on here. Looks like I forgot to pull that
• 26:27
  up. I apologize.
• 26:32
  Hold on here. Let's go.
• 26:34
  You guys are going to get a behind the scenes tour of Ron's
• 26:38
  basement. Hold on.
• 26:41
  Stay with me. Hopefully we didn't lose
• 26:43
  everybody. Is the live stream dead?
• 26:45
  Can somebody give me a 5 by 5? Hello, Susie.
• 26:51
  Am I still alive? Hello.
• 26:59
  Here we go. I think we're still alive and
• 27:14
  OK. Hello, basement dwellers.
• 27:17
  OK, there you are. Hey, guys.
• 27:19
  All right, let's go out and take a look at this because this is
• 27:22
  big news in the silver and gold market.
• 27:28
  Here we are. OK, money market funds hit
• 27:32
  another record high, but experts warn it's time to move out of
• 27:37
  cash where they see the opportunity.
• 27:41
  All right, OK. Why is this a big deal?
• 27:43
  This is the biggest sleeper deal for the silver and gold market.
• 27:48
  All right, Now they locked me out of it, but so let's go back
• 27:51
  here and let's hold on, see what this pulls up.
• 28:09
  OK, US money market funds hit a record high.
• 28:12
  Another a Bloomberg article. All right, US money market, I
• 28:16
  say a safe haven. Why is this a huge deal for the
• 28:20
  silver price and the gold price? Very simple.
• 28:24
  People have a record amount of money in money market funds.
• 28:27
  People are scared. That scared money, that's money
• 28:31
  they don't want to have in the stock market.
• 28:33
  That's money they don't want to have in the real estate market
• 28:36
  in that money is going to soon start losing real value, real
• 28:42
  return, real interest rates are going to go negative.
• 28:46
  OK, doesn't matter. We're going to see the, the Fed
• 28:49
  cut rates soon, right? On September what, 18th, we're
• 28:53
  going to get a quarter point rate cut from the Fed and we'll
• 28:57
  probably have a few more rate cuts, blah, blah, blah.
• 29:00
  So these guys that are, that are have this record amount of money
• 29:03
  in money market accounts are going to stop making 5% and soon
• 29:08
  they'll be making 4 or 3%. But what really matters, and we
• 29:13
  heard it this morning clear as day, what really matters is that
• 29:18
  inflation is going to skyrocket. The Fed has given up.
• 29:23
  The talking heads on CNBC are saying it.
• 29:26
  I'll say it to you, the Fed has given up. the Fed knows they
• 29:30
  can't win the fight on inflation, guys, the national
• 29:34
  debt, the overall fiscal situation in this country, the
• 29:38
  Fed absolutely knows they can't win.
• 29:41
  So they're giving up on the fight and inflation.
• 29:44
  So what's going to happen as we move forward is, but the
• 29:47
  independent of what the rate of return is that people can get on
• 29:53
  their money market accounts, they're going to start to
• 29:55
  realize that inflation is far outstripping any two or three or
• 30:02
  4% that that record amount of money that they have in money
• 30:06
  market accounts can earn. OK, that's the reality of what's
• 30:10
  going to happen. Let's go out here and I want to,
• 30:12
  I want to add, I want to show you something that I think shows
• 30:16
  it in uncertain terms here. What happens when the Fed lowers
• 30:22
  rates? It's this right here, extras
• 30:24
  pyramid. Don't worry, we'll come back to
• 30:26
  it. I know it's a fan favorite, OK?
• 30:31
  But the facts are this. People won't make the 5% like we
• 30:34
  just talked about, and they're still going to be looking for a
• 30:38
  safe harbor. Doesn't matter if the Fed lowers
• 30:41
  rates by half a percent or 2% over the next year.
• 30:45
  What matters is that inflation is going to skyrocket.
• 30:49
  And when it does, people are going to, they're not going to
• 30:52
  realize that what that means is negative real interest rates.
• 30:55
  That's the fancy way to describe what's going on.
• 30:58
  What they're going to realize is that the little measly amount of
• 31:02
  money they're making on their CD's and their money market
• 31:05
  accounts is not keeping up with inflation.
• 31:09
  OK. In the stock market at the same
• 31:12
  time, at best will be stagnant. And these people don't want to
• 31:16
  put that money in the stock market anyway.
• 31:17
  If they'd wanted to put that record amount of money, market
• 31:21
  money into the stock market, they would have done that
• 31:23
  already. So they're especially not going
• 31:25
  to do it when they're hearing that the market is struggling,
• 31:28
  OK? And not to mention maybe going
• 31:31
  down because the market's going to the stock market's going to
• 31:33
  be in big trouble probably over the next 5 to 10 years because
• 31:38
  as inflation is going up, cost will be going up for businesses,
• 31:42
  while at the same time the economy will be stagnant at best
• 31:48
  and in a recession. OK, The other, the other issue
• 31:53
  is people aren't going to put their that money into real
• 31:55
  estate. What they're going to do, OK,
• 31:58
  what they're going to do is go to gold and silver.
• 32:01
  That's safe money, that's money market money.
• 32:03
  That's CD account money. A lot of these people are going
• 32:07
  to get the, the cojones at that point to be, to be willing to
• 32:11
  move into silver and gold. And don't forget we talked about
• 32:15
  this. The seed has already been
• 32:17
  planted, right? It's bizarre how our fellow
• 32:21
  Americans, right? 99% of them won't buy physical
• 32:25
  silver and gold right now. Yet if you ask them what are the
• 32:29
  most valuable things on the on the planet, they'd probably say
• 32:33
  gold and silver every. My kids know it and they're 12
• 32:36
  years old. So that's what's going on.
• 32:39
  This shows just how it can happen.
• 32:43
  Of course, this is our extras pyramid, all right?
• 32:47
  Gold and silver are the base. Everything above it, all this
• 32:51
  stuff, base money, bank money, government bonds, corporate, all
• 32:55
  of it is fake, paper, synthetic. All right, make believe.
• 33:00
  And as the people wake up, that's where that money is
• 33:04
  absolutely going to flow. OK, absolutely.
• 33:11
  OK, let's all have a sip of coffee and then we will be right
• 33:16
  back. Almost forgot to turn the
• 33:30
  microphone back on. So we got our big hold on.
• 33:34
  I haven't looked at you enough this morning.
• 33:36
  We got our big CPI number this morning.
• 33:38
  We talked about it yesterday. We warned today could be a
• 33:41
  volatile day for the precious metals and so far it is proven
• 33:45
  to be. But let's talk about the
• 33:47
  exciting part of what we learned right from this inflation
• 33:52
  report. And let's first just do an
• 33:56
  update. Maybe things have gotten better.
• 33:58
  Maybe they've gotten worse. We're going to press the pin
• 34:00
  backs magic button and they've gotten a little worse.
• 34:04
  Gold's now down $11.00 per oz, Silver down 30.
• 34:07
  Maybe we'll come back and check on that a little bit later.
• 34:11
  Let's look at what CNBC had to say this morning.
• 34:17
  Oh, wow. The Dow Jones Industrial Average
• 34:19
  drops 600 points. Woof, crazy consumer prices.
• 34:25
  This is what they're saying about the CPI.
• 34:27
  Consumer prices rose .2% in August.
• 34:30
  His annual inflation rate hits lowest level since early 2021.
• 34:36
  Everything's great. Everything's awesome in the
• 34:39
  economy. You know, I mean, that's the,
• 34:42
  we're living in a fantasy world where the mainstream media just
• 34:46
  wants to feed us over and over. Everything's fine.
• 34:50
  The GDP numbers, they're great, right?
• 34:53
  The jobs numbers, they're great unless you're one of those
• 34:57
  818,000 people that doesn't have a real job but a make believe
• 35:04
  Unicorn fart dust. You know, a job that that they
• 35:08
  that they erroneously reported people had back last year.
• 35:12
  We won't go down that path, but mainstream media reports this.
• 35:16
  Everything is awesome. What is 0 hedge saying?
• 35:20
  Zero Hedge says this right, Core inflation comes in hotter than
• 35:27
  expected. What is core inflation?
• 35:29
  Don't worry, we're going to, I'm going to tell you what it is,
• 35:32
  collapsing odds of A50. So now what they're saying is
• 35:36
  basically the core inflation came in high.
• 35:39
  Now the Fed is no longer this idea that the Fed might cut by
• 35:43
  by 1/2 percent next week. A week from what?
• 35:47
  Is that? A week from today?
• 35:48
  A week from tomorrow? That's off the table.
• 35:51
  We're going to get a quarter point cut.
• 35:53
  That's OK. the Fed can't really cut rates. the Fed doesn't.
• 35:58
  Guys. The bottom line is this, without
• 36:03
  a doubt, the Fed needs inflation, OK?
• 36:07
  We need to get that through our thick basement dweller skulls.
• 36:11
  The only way they can keep the fantasy world alive that they
• 36:17
  can keep the ultra wealthy, ultra rich and ultra happy and
• 36:22
  continue. And this is this is not not
• 36:26
  tinfoil hat conspiracy speak when I say this, this is this.
• 36:31
  This is borne out by statistics, right?
• 36:34
  Keep the ultra wealthy, ultra wealthy and keep the middle
• 36:39
  class of America decimated because, and there's no other
• 36:43
  way to describe what is done. The only way they can do that is
• 36:46
  to perpetuate this, this horrific financial situation
• 36:50
  that the country's in, right? This debt spiral that we're in.
• 36:54
  And the only way they can perpetuate it, keep it going,
• 36:58
  right, which is what they'll do. They're desperate is by printing
• 37:01
  money and monetizing debt, which basically means driving down the
• 37:07
  value of the US dollar, the real value, which means runaway
• 37:12
  inflation, which means you and me will be very happy that we
• 37:17
  own real assets, up to and including the best real asset on
• 37:23
  the face of the planet, which would be precious metals.
• 37:29
  OK, so when we talk about core CPI, cores, what is core CPI
• 37:35
  will core CPI that takes out the cost of food and and fuel.
• 37:40
  I think it is. Let's go.
• 37:41
  Look, we're going to go to the Federal Reserve's website, not
• 37:44
  just any Federal Reserve. Where is it?
• 37:47
  Hold on here. I had it up somewhere.
• 37:52
  What is happening? Oh, oh, core.
• 37:55
  Hold on here. Here we go.
• 37:57
  We got it. This is Fred.
• 38:01
  I don't know why they call it Fred, but it's the Saint Louis
• 38:04
  Fed. You know, whatever you can bash
• 38:07
  Saint Louis, but and we got a fed here in Saint Louis.
• 38:10
  This is the consumer pride. This is the core CPI.
• 38:14
  Look at this guys. Let's just look at this quickly.
• 38:17
  I want to draw on here also and show you something that I think
• 38:23
  is very fascinating. OK, there it is.
• 38:30
  Let's get our crayons out. We're going to move this out of
• 38:34
  the way. Look at 1971.
• 38:37
  This shows again consumer price index, OK?
• 38:42
  Since 1971, this is when this is when they took us off the gold
• 38:48
  standard. OK, That shows in no uncertain
• 38:54
  terms what has happened to the value of the US dollar since
• 38:57
  silver and gold were taken out of the backing of the US dollar.
• 39:06
  OK, look at this from an index perspective.
• 39:08
  We went from, oh, let's say 50 all the way up to 320.
• 39:15
  That means prices have gone up six times on average.
• 39:19
  And that's if we even want to believe their data.
• 39:23
  That's what happens when you take silver and gold out of
• 39:27
  money. That's what happens, OK, when
• 39:30
  you go against what? The founding Fathers, The
• 39:33
  founding fathers? Are you going to argue with me
• 39:35
  and call me a nut? Are they going to call us nuts
• 39:37
  because we believe in silver and gold?
• 39:40
  Well, what? What are they?
• 39:41
  What? What?
• 39:42
  What were we all taught as children?
• 39:44
  Right. The US Constitution, you know,
• 39:48
  the epitome, the top of documents for our country,
• 39:53
  right, right. What did other people like
• 39:55
  Thomas Jefferson, George Washington, Andrew Jackson, what
• 39:59
  do they all say, Right, right. But since they took silver and
• 40:03
  gold out of our money like our founding fathers laid out for
• 40:06
  us, I want to say this very quickly about our founding
• 40:09
  fathers. They think about yourself right
• 40:12
  now, me think about, you know, us as individuals living in
• 40:16
  2024. When they wrote the
• 40:19
  Constitution, they were thinking about us.
• 40:23
  OK, now we're good, right? We're thinking about them,
• 40:27
  right? We know.
• 40:28
  We know the truth. We know what's going on, or it's
• 40:30
  our truth. But we believe in the US
• 40:33
  Constitution, right? 99% of Americans, while the
• 40:39
  Founding Fathers were thinking of them, they don't think about
• 40:42
  the founding fathers at all. Some of them even say, oh, the
• 40:45
  Constitution's outdated blah blah blah.
• 40:48
  Well, I don't know about that. Anyway, we're supposed to be
• 40:50
  talking about core CPI. Core CPI?
• 40:53
  Is this OK? This measurement known as the
• 41:00
  core CPI is widely used by economist because food and
• 41:04
  energy have very volatile prices.
• 41:07
  So the core CPI continues to go up.
• 41:10
  It is really a measure of long term inflation.
• 41:14
  So long term inflation is continuing to skyrocket in this
• 41:20
  country and we have not seen anything.
• 41:23
  I mean, guys, we have not seen anything yet.
• 41:27
  You better be ready, OK, because 2025 and I'll sit down here and
• 41:33
  say I'm wrong. I'm calling 44 dollars silver by
• 41:37
  Christmas. I'll sit down here and say I'm
• 41:39
  wrong, but I'm telling you in 2025, one year from now,
• 41:44
  September 11th, an easy day to remember and let's all remember,
• 41:47
  right? Where is our flags, right?
• 41:49
  I got some flags up today. What happened on September 11th?
• 41:52
  But September 11th next year, right?
• 41:56
  That's inflation day. I guarantee you we're going to
• 42:00
  be all over the news. Inflation skyrocketing,
• 42:03
  inflation skyrocketing. It is going to be ugly, but but
• 42:08
  there's a silver lining to it, Pardon the pun, right?
• 42:13
  Something for you to be happy about.
• 42:15
  Don't we want to be happy basement dwellers?
• 42:17
  By the way, before I forget, thank you to all the moderators
• 42:20
  who are here, Jake, from Jake's Custom Parts.
• 42:23
  I see you. I don't know if Annie's here.
• 42:25
  It's hard for me to watch all the comments.
• 42:27
  Annie Oakley, thank you, Susie, big time, the Silvershire and
• 42:31
  thank you individuals for being here and contributing to the
• 42:34
  basement. But back to next year.
• 42:36
  Ugly time, ugly zone, ugly, ugly, ugly.
• 42:42
  And the silver lining, and it's a good thing for you and me, is
• 42:47
  that next year we could see that big wave, that massive wave of
• 42:52
  people coming into the precious metals market.
• 42:57
  Guys, it's not a it's not a trip to Ron's basement without a
• 43:00
  couple things. Let's go see if we'll press the
• 43:02
  magic Pembex button one more time and see if we can get a
• 43:07
  higher gold price. And we can.
• 43:11
  It improved now only down $10.89.
• 43:15
  Thank you, Pembex, but let's go out to this.
• 43:20
  Let's be real. Let's be real.
• 43:22
  I didn't hear this discussed at all last night.
• 43:25
  Did you hear this discussed last night?
• 43:35
  Right. No, 35 trillion.
• 43:38
  Just we always have to make sure every day that it's not going
• 43:40
  down and it's going up. There's 800,000.
• 43:44
  Let's see how long it takes for $100,000 a $100,000 in debt.
• 43:51
  OK, hold on, we'll start over here.
• 43:53
  All right, 123455 seconds for us to to acquire another $100,000
• 44:03
  in debt. Think if we had told Andrew
• 44:06
  Jackson or have we gone back to what is it Hamilton that wrote
• 44:10
  the Constitution, Benjamin Franklin and said guys, in the
• 44:13
  year 2024, the United States will be racking up $100,000 in
• 44:20
  debt every 5 seconds, 6 seconds, whatever that was.
• 44:23
  I forget those guys would have, would have, we would have had to
• 44:27
  put them in some Depends diapers.
• 44:29
  I mean, they would not have believed that.
• 44:31
  Just for fun, let's go over and take a look.
• 44:35
  It keep is it 483 today, the dollar to silver ratio
• 44:40
  unbelievable, All right, that's what we have.
• 44:43
  That's what's underpinning our dollar.
• 44:47
  That's what as we are right now in what is a battle, precious
• 44:52
  metals, precious metals investors, this includes you,
• 44:56
  right? There is a massive, massive
• 44:59
  showdown at the OK Corral going on right now in our world
• 45:03
  between the dollar and precious metals.
• 45:07
  OK. And what does the dollar have in
• 45:09
  its favor? OK, One thing it does have, we
• 45:12
  have to admit our aircraft carriers and a very, very big
• 45:17
  sophisticated military, OK. But outside of that, it's not
• 45:21
  backed by silver and gold anymore.
• 45:24
  It it kind of broke up with silver and gold a little while
• 45:26
  back, OK. But it also has that what we
• 45:30
  just looked at $35 trillion in debt.
• 45:33
  When we look at unfunded liabilities, some people say
• 45:36
  it's like 100 trillion, 200 trillion.
• 45:38
  I don't. It's just mind numbing future
• 45:41
  obligations for pension payments, for Social Security,
• 45:44
  for Medicare and Medicaid. It's a paper facade.
• 45:48
  It's this. You know what?
• 45:50
  Somebody help me. It's not really paper.
• 45:53
  It's Lennon. I got yelled at once, but none
• 45:56
  the less, it's this. Woo Hoo.
• 45:58
  Yay. OK.
• 45:59
  Paper money. Yay.
• 46:02
  Believe in me. I'm paper.
• 46:04
  OK? That's what That's what the
• 46:06
  dollar has in its favor. What does this have here?
• 46:11
  Here's 3 beautiful right silver dollars.
• 46:15
  Listen, this is heavy, OK? Look, when I hold this in my
• 46:21
  hand, I encourage you to do this at home.
• 46:24
  I hold this over here and this over here.
• 46:28
  Even just one of these. I mean, in their works of art,
• 46:32
  they're real. This does a Morgan.
• 46:36
  Look at this thing. This is from 1878.
• 46:40
  Look at that, guys. Look at that.
• 46:45
  Look at that. Look at the back of this.
• 46:51
  If you don't have one of these, you got to get one.
• 46:53
  They're not that expensive. Look at that.
• 46:56
  I mean hold this in one hand and hold this in the other hand.
• 47:02
  I mean anybody a six year old, if you ask them what do you want
• 47:08
  this or this? They want this right?
• 47:12
  So this battle that's going on, let me tell you something.
• 47:15
  This doesn't want to fight. Imagine this fighting this like
• 47:20
  rock, paper scissors. We're going to play a game of
• 47:23
  where'd it go? Here's the Morgan.
• 47:25
  We're going to I love the eagle. I love the Morgan in general,
• 47:27
  man, that's just beautiful guys, look at that.
• 47:31
  You got to get yourself one of those beautiful.
• 47:37
  Imagine a fight between these two.
• 47:39
  I mean, there's no this guy's shaking.
• 47:43
  Look, he shakes, he trembles. This doesn't shake or tremble.
• 47:48
  The dollar doesn't want the fight.
• 47:50
  Oh, and by the way, this fight last time, I'll show it.
• 47:53
  This fight between silver and paper money.
• 47:57
  OK, this in my left hand could be anything, Could be a
• 48:00
  Venezuelan piece of currency, could be a Argentina peso, could
• 48:05
  be a Roman drachma or whatever that they were.
• 48:07
  I don't know. I could be what this could be
• 48:09
  any of hundreds of other currencies that this silver has
• 48:15
  fought. Gold has fought over the last
• 48:18
  hundreds of years. And guess what?
• 48:22
  Who do you think won Gold, silver, precious metals have a
• 48:26
  perfect record in those fights, A perfect record over thousands
• 48:31
  of years. Imagine this, imagine if you
• 48:34
  were, if we were in Las Vegas. Trust me, you don't want to go
• 48:38
  to Vegas with me. But you decide, you make a
• 48:41
  mistake and we decide to go to Las Vegas.
• 48:44
  And there's and we get the bet on this fight between precious
• 48:47
  metals in the US dollar. And we look at the the tip sheet
• 48:53
  and it says, well, let's see, precious metals have had the
• 48:56
  same exact fight hundreds of times over thousands of years
• 49:02
  and they've won every time. And then it says, and the
• 49:05
  dollar, it's really never been in this fight, right kind of
• 49:10
  sword over the last 50 years. But what we know about the
• 49:13
  dollar is that it's continuing continuously losing strength,
• 49:18
  whereas this has been perfect strength.
• 49:21
  Who would we bet on? Who would we bet on?
• 49:26
  I know who you'd bet on. It's who you're betting on right
• 49:29
  now. OK, and I'll bet, I'll bet one
• 49:33
  thing also for sure. OK, that is well, I'll bet that
• 49:38
  I hope that you decide to come back to the basement.
• 49:41
  Thank you for joining us today. I want to say thank you to
• 49:43
  channel sponsor First Mining Gold, Canadian gold developer
• 49:48
  founded by Keith Newmeyer several multi million ounce
• 49:52
  projects in Canada. Learn more about them at their
• 49:54
  website. Fortuna Mining, a producing
• 49:57
  silver and gold mining company with operations in Latin America
• 50:01
  and West Africa, and of course our friends at Pimbex Pi MB EX.
• 50:09
  You can learn more about them at pimbex.com.
• 50:11
  I've links to all these companies in the description of
• 50:14
  this video. They make Ron's basement
• 50:15
  possible, but what really makes Ron's basement possible is you.
• 50:21
  So have a great day. Be nice to yourself, OK?
• 50:23
  We'll do our best to be nice to other people.
• 50:26
  Don't get too worried about movements in the precious metals
• 50:29
  markets today, guys. You know, even if gold drops,
• 50:33
  silver drops, silver to 27 over the next couple weeks, gold down
• 50:38
  to 2400, we're going to be OK, trust me, OK?
• 50:43
  It's going to be a good end of the year.
• 50:46
  I hope you have a good rest of your day.
• 50:48
  Thanks again for being here, I'll see you soon.