Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / I Warned YOU! 💥 THIS is Just Beginning... (Gold & Silver Price)
Transcript
- 0:01Hello, basement dwellers. Are you suffering from PMDS?
- 0:07We're going to talk about that in this video, Precious metals
- 0:10denial syndrome. But by the time we get done
- 0:14talking, I think you're going to see things from a different
- 0:17perspective and appreciate where we really, truly are right now
- 0:21because we're going to cover what secrets, or maybe I should
- 0:25call them little known facts are out there right now.
- 0:29There's two actually two big things.
- 0:31What if I told you, what if I told you that the most
- 0:34successful, a guy with a proven track record, has something
- 0:38shocking to say about the election and about gold and
- 0:43silver, but also not just that guy, but another guy, right?
- 0:48A fellow basement dweller possibly, who's really the
- 0:52smartest guy in the room. And he pointed out something
- 0:55about precious metals that I had never heard of before.
- 0:59And it's good news for us. But first, I want to say thank
- 1:03you for joining me here in the temporary basement.
- 1:06You are the most important part of the basement.
- 1:08Thank you for being here. We're going to learn a lot
- 1:10today. We're going to learn it
- 1:12together. You're always welcome here.
- 1:14You're part of the club. I see you.
- 1:16Everyone sees you. Please subscribe to the channel,
- 1:19give the video a thumbs up. And Super Chan, Super thanks.
- 1:22All right, Super. Appreciate it.
- 1:23What is again PMDS, precious metals denial syndrome?
- 1:29Are we just having a hard time believing that it's actually
- 1:34happening? I've got some notes I want to
- 1:36read to you because I think it's time for us to wake up and
- 1:39accept the fact, right denial is not just a river in Africa.
- 1:46Denial, denial, denial. Anyway, I had to look up where
- 1:50the Nile River was. I have to be honest, I was like,
- 1:52is it Africa or is it South America?
- 1:55And don't forget, folks, because geography is very important.
- 1:59Africa is a continent, not a country.
- 2:02Nonetheless, I, I, I digress. Things have changed.
- 2:06We've covered that ad nauseam. Right now, guys, Right now we
- 2:11are in a situation where it's different.
- 2:14OK, Maybe we'll have one down day.
- 2:17We talked yesterday, right? And we said, I, you know, we'd
- 2:21have one down day. And look what happened to the
- 2:23precious metals today. They bounced back a bad day and
- 2:27then boom, they come back strong.
- 2:30I was talking to this guy today here.
- 2:31I'm in Colorado at a big gold mine.
- 2:34He loves gold. And I said, I mean, he loves
- 2:37gold. And we were talking about how
- 2:38this whole situation is now completely different, right?
- 2:43It used to be we'd have one update, remember like a year,
- 2:46two years ago, 1 update and then six down days for the precious
- 2:50metals, 1 little glimmer of hope, and then boom, boom, boom,
- 2:54boom, boom. Like 6 days of just getting
- 2:56hammered. Now we have 1 bad day, and we'll
- 3:01have 5 or 6 good days right after that.
- 3:04And I want to pull this up again because I just love this chart.
- 3:09I think this, it's right over there.
- 3:11Don't look at me. Look at that.
- 3:12It says gold, Return of the king, Bull markets are born on
- 3:18pessimism. We're past the pessimism phase
- 3:21when it comes to silver and gold.
- 3:22There's no doubt about that. But right now, we're in the
- 3:25skepticism phase. People are skeptical.
- 3:28They're in denial, right? It's time we accept, right?
- 3:32Move on to stage 3. Mature the markets mature on
- 3:36optimism. That's when your neighbors are
- 3:38going to start asking about silver and gold and die on
- 3:42euphoria. It's a new, it's a new, you
- 3:45know, we got to get rid of our PMDS, precious metals denial
- 3:49syndrome and realize, guys, good things.
- 3:52It's OK. It's OK for us to have good
- 3:57things happened to us. OK?
- 3:59We deserve it. And we're talking about the
- 4:02money, The, the, the, the gold and silver, they've been
- 4:06valuable for thousands of years. We are being proven right.
- 4:10And I think we're in the process of that right now.
- 4:12Don't make any financial decisions based on anything I'm
- 4:15saying about. Oh, all right, silver.
- 4:17Silver's winning. I almost forgot I said
- 4:21yesterday, and I'm still probably wrong, that I thought
- 4:24silver could close at $32 tomorrow.
- 4:28I said that yesterday and I still think there's a decent
- 4:31chance of that happening. We'll see what tomorrow brings,
- 4:34but nonetheless, if you follow the silver price, are you a
- 4:38silver? A silver stacker?
- 4:40I bet you are, basement dweller. This battle for 30 today was so
- 4:45awesome because silver got down to that 30 level and bounced
- 4:49back up. That is so critical and again
- 4:53right to me $30 is is the new floor don't proven wrong, $30 is
- 4:59the new floor and from here we could launch higher.
- 5:02We've talked about it at nauseam, but let's let's be
- 5:05grateful right now that we've got silver where it is and let's
- 5:09run out and take a take a look at the sorry somebody's talking
- 5:16outside my hotel room at the silver and gold price right now.
- 5:19Press the pin backs magic button.
- 5:21OK, Gold, $2586 per oz. We are on the cusp of 2600.
- 5:29Silver, $30.78 per oz. Hey guys, don't forget if you
- 5:34want to get your hands on some silver or gold and hold on.
- 5:38I need to show you something quickly.
- 5:42That's the gold I got today. I panned that.
- 5:45I'll tell you more about that here and air in a second.
- 5:47Look at all that gold, probably a dollars worth.
- 5:50But if you don't want to pan it and you want to buy it, please
- 5:53support our channel sponsor pin Backs.
- 5:57They've been great to us, great to the basement, to other
- 5:59community. As a matter of fact, I forwarded
- 6:02an e-mail to Michael, one of the owners that I received today
- 6:06from one of our fellow basement dwellers, thanking me.
- 6:09He just bought several ounces of gold.
- 6:12He was like I just want you to know you're right and and what a
- 6:15great experience he had with Tempex.
- 6:17If you want to have a great experience, give them a shot,
- 6:20throw them into the mix, compare prices.
- 6:23I find their prices are always ultra competitive but on top of
- 6:27that it's a company we can trust and they always have great
- 6:31selection. Please please please hold on.
- 6:34I need to look you in the eye. If you or anyone you love or
- 6:39care about is ever considering converting part or all of an IRA
- 6:44into precious metals, please take your time.
- 6:47Shop around by all means, but talk to the guys at PMBEX and
- 6:52compare how many actual ounces of gold and silver you can get
- 6:58from all your different sources, all your different options.
- 7:01I think you might be absolutely shocked by what PMBEX can do for
- 7:06you in a very positive way. I would be very leery of some of
- 7:11the other big companies that are out there, but you do whatever
- 7:14you want. I'm just giving you my opinion.
- 7:16Let's talk about hold on here, let's talk about these, these
- 7:20secrets, those little known pieces of information that I
- 7:25think are pointing us in the direction of even better times
- 7:29ahead in the precious metals. But you know what, before we do
- 7:31that, I got to share with you, I went on a field trip today.
- 7:34I want to bring you with me for a few seconds, guys.
- 7:37I went to the Argo Goldmine. I'm here in Colorado, and I want
- 7:42to tell you something. Hold on here, hold on.
- 7:46We're having some technical. Hopefully you can still hear me
- 7:49and see me having some technical Internet issues.
- 7:53Hello. Hopefully you can hear me and
- 7:55see me. OK.
- 7:57Well, we're going to go on. You can thank you again for
- 8:00being here. Thank you for subscribing.
- 8:01Thank you for all that great stuff.
- 8:03I went to the coolest place we are out about an hour outside of
- 8:07Denver, Co and a town called Blackhawk in this area.
- 8:11If you like gold, if you like silver, there are mines
- 8:15everywhere. It's like a giant historic
- 8:17mining area. And I went and toured one of the
- 8:20historic mines today and I'm going to show you some pictures
- 8:23quickly. There's also a lot of casinos
- 8:26here. I'm staying at the Grand Z Hotel
- 8:28in Blackhawk. It's a nice place, fun place.
- 8:31But we went today to the Argo Argo Tunnel and mill.
- 8:37There's a picture. I took that picture.
- 8:40It took all these pictures, really cool.
- 8:42I went for a great tour. That's where you go down into
- 8:46the actual tunnel. You get to go into the tunnel
- 8:48that they built to drain all this water, all these mines
- 8:52around there. That that guy right there is
- 8:54great. He's actually going to be on the
- 8:56channel. I'm I'm, I told him he's
- 8:59welcome. He is the biggest lover of gold
- 9:01you're ever going to meet. That's Mr. Dillon.
- 9:03And he has some of the worst jokes you're ever going to hear.
- 9:06But that's the tunnel. There's another picture of the
- 9:09tunnel looking out the other way.
- 9:11This is the mill. This thing's like 100 years old.
- 9:14It processed like a trillion dollars worth of ore.
- 9:18It's massive. I mean, it's just unbelievable.
- 9:21There's Dylan, just to give you a sense of perspective.
- 9:24And there's another picture of the inside of the mill.
- 9:27Very cool to get to go inside this 100 year old this.
- 9:30Interestingly enough, do you know who Nikolai Tesla is?
- 9:34I don't know a lot about him, but he's like this famous
- 9:37electricity guy, Mr. Nikolai. Tesla actually designed all of
- 9:43the electric for this facility because this was a major, major
- 9:47project. And that, that that electric
- 9:49panel right there on the lower left quadrant was designed.
- 9:53I don't know if he installed it himself, but he was very
- 9:55involved at this project. And there's our friend Dylan
- 9:58again. I'm going to run it run you out
- 10:00quickly. Just so you guys can see, here's
- 10:05their website, the Argo OK Mill and tunnel.
- 10:08Really a cool place. I mean this whole area if you
- 10:11like gold and silver and it's cheap.
- 10:13I mean, my hotel room here during the week was like 60
- 10:16bucks a night and it's a nice, nice place, nice hotel.
- 10:19So check it out. All right, now we want to get
- 10:21back to our discussion on gold and silver.
- 10:24And guys, I got a couple. What I will say little known,
- 10:29maybe secret is an exaggeration. One of them is a secret, the one
- 10:33that we got from the smartest guy in the room.
- 10:36But let's talk about the richest guy in the room and why we
- 10:38should pay attention to him, OK? John Paulson is an American
- 10:43hedge fund manager and a billionaire, OK, best known for
- 10:48making a fortune betting against the US housing market before the
- 10:532008 financial crisis. So John Paulson was one of the
- 10:57only, and this has to do everything with precious metals.
- 10:59He was one of the only people, right, that was able to that was
- 11:04able to go out of the crowd, right?
- 11:06To be the black sheep. Kind of like we feel like
- 11:08sometimes some of us, right? And make a bold bet against the
- 11:13US housing market. Because he was one of the few
- 11:15people who could see there was massive, massive trouble on the
- 11:21horizon. OK, his firm, Paulson and
- 11:25Company made billions by correctly predicting the
- 11:28collapse of the subprime mortgages.
- 11:31This trade is often referred to as one of the most successful in
- 11:36Wall Street history. So what is the guy who made one
- 11:39of the most successful trades in Wall Street history telling you
- 11:44and me about gold? Well, listen up, buttercup,
- 11:47because this is secret number one.
- 11:49Don't forget, we got a secret number #2 coming for you as
- 11:52well. His success catapulted them to
- 11:55financial fame, and he's a a prominent figure in the
- 11:59investment world. Yeah, I got more.
- 12:01He has also made significant investments in gold.
- 12:07OK, Often expressing a bullish view on the metal as that, as
- 12:15that as a hedge against inflation and economic
- 12:18instability. Oh, interesting.
- 12:22OK, One of the most famous people in the financial world is
- 12:26very, very positive, very bullish on gold.
- 12:30But wait, there's more. I just want you to remember,
- 12:32he's a billionaire. He's one of the only people who
- 12:35saw into the future that the housing market was going to
- 12:38crash, OK. And he loves gold, But let's go
- 12:41see what he said recently. I believe this was on Fox
- 12:44Business. Let's go take a look from
- 12:51Morningstar, also through MarketWatch.
- 12:54I don't know who did other. Anyway, John Paulson says he'll
- 12:58dump stocks if Kamala Harris wins.
- 13:02OK, except for his own company. So he says if Kamala wins the
- 13:06election that he's going to dump his stocks, but what's he going
- 13:09to do? Get ready, OK?
- 13:10He said, Quote, I think if Harris is elected, I would pull
- 13:14my money from the market. I'd go into cash and I'd go more
- 13:19into gold because I think the uncertainty regarding the plans
- 13:24they outlined would create a lot of uncertainty in the markets
- 13:26and likely lower markets. Investor John Paulson, OK
- 13:32Paulson is not a neutral observer.
- 13:35He's a long time donor to Donald Trump's presidential campaigns.
- 13:39Paulson also said the party that controls Congress will be
- 13:43important as he said a tax on households.
- 13:47They're wanting to tax households with over $100
- 13:49million in assets on unrealized gains.
- 13:53OK, which would personally affect him, would cause, quote,
- 13:58mass selling of almost everything, stocks, bonds,
- 14:01homes. And OK, Now what he holds?
- 14:06OK, what he holds? One company, Perpetua Resources,
- 14:11they're a mining company, a precious metals mining company,
- 14:13restarting a mine, I think it's an Idaho.
- 14:16And also big miner, Nova Gold Resources.
- 14:20He's putting his money where his mouth is.
- 14:23What's the lesson here for us, right?
- 14:26We're more average people, right, Aren't we?
- 14:29Well, you're exceptional. There's only one you.
- 14:32I tell you that all the time, right?
- 14:33You're important. We want to hear from you.
- 14:35Please leave a comment over, up, down, wherever that comment
- 14:39section is. But this guy, like, has proven
- 14:42himself as a legend and he loves gold.
- 14:46Guys, the future is good. Don't forget.
- 14:48All right, and I'll say it one more time.
- 14:49If you have PMDS, precious metals denial syndrome, we got
- 14:54to accept the fact that good things can happen, OK?
- 14:58We, we're just as deserving as anyone else.
- 15:01We've been beat down, told we're black sheep, blah blah, blah.
- 15:04Right? Right.
- 15:06Gold and silver are regaining their luster.
- 15:10Absolutely. Now I got another secret for
- 15:12you, something I had never heard of.
- 15:14A fact from the smartest guy in the room before.
- 15:17We do that. Before I forget, let's go back
- 15:20to this quickly, and we talked about this before, but Fidelity
- 15:26Electric brought this up. This is the viewer comment.
- 15:29Your comments matter. We read them.
- 15:31OK, this is silver. If there's one point, there's
- 15:34actually 1.4 billion, well maybe 1.5 billion.
- 15:37Now Indian people would each of them be able to buy one ounce of
- 15:42silver? We're talking about one measly
- 15:45ounce of silver for each Indian person, and it's 1 1/2 times the
- 15:53amount of silver that's produced in the world every day.
- 15:57It doesn't make sense. OK, Not sure there would be
- 16:00enough for that. OK, We talked about this
- 16:03earlier. You know what's going to drive
- 16:07the silver price over the next two years?
- 16:11I'll tell you what. It's going to be all right, and
- 16:13you may be wrong and you may disagree with me.
- 16:15Sure. Industrial demand, solar panels,
- 16:18batteries, microchips, anything right is going to drive silver.
- 16:23What's really going to drive the price higher?
- 16:26What's really going to make it explode?
- 16:29OK, it is going to be investor demand.
- 16:34And that's a good thing because we've already experienced a
- 16:40massive upswing in the silver price and there has been zero or
- 16:46very low, let's just say super low investor demand.
- 16:51So when, when just a trickle comes back into the market, just
- 16:56a trickle, right, It could have a major impact if we get a
- 17:00moderate level of investor demand, if we go back to where
- 17:04we were, maybe what was it 2-3 years ago or if we get an, it
- 17:12could happen, We could get right, a massive wave of
- 17:17investor demand, the price of silver.
- 17:20That's what's going to drive it really higher in the coming two
- 17:23years, right? Especially when this inflation
- 17:26wave that comes, that's coming at us right?
- 17:29When it hits, be ready, be ready.
- 17:32I'm not trying to scare anybody. I'm not trying to tell you to
- 17:35go. I'm not getting financial
- 17:37advice. But I'm telling you, I believe,
- 17:40I believe that we are going to see a day where we're going to
- 17:43have prolonged periods of time where it's going to be extremely
- 17:48difficult for everyday people, average people to get their
- 17:51hands on silver. Do you know, do we, I mean, you
- 17:55know, we are really spoiled in particular those of us in the
- 18:00United States, right, being able to buy silver readily available
- 18:04right now at like what you know, a couple dollars over the spot
- 18:09price because we know the spot price is phony and manipulated
- 18:13lower number one. But even that, right, we don't
- 18:17have to pay any 20% value added taxes.
- 18:20We don't have to do any of that. We are really in a very, very
- 18:23fortunate spot. Next.
- 18:25OK. Next good news for the precious
- 18:29metals. This came from a gentleman who's
- 18:33been in the basement with us before.
- 18:35Everybody loves him. Phil Streibel from Blue Line
- 18:38Capital, I think it's a futures company.
- 18:40He actually puts out a great video update every morning, like
- 18:43a 5 minute video. He said something that I almost
- 18:47can guarantee that that most all of us have not known regarding
- 18:53the precious metals and that has to do with ETF demand because
- 18:58again, the gold price has done awesome, the silver price has
- 19:02done awesome, right? While ETF flows have been
- 19:05negative, just lately started to pick up and he said this, this
- 19:10guy is super smart and knows all the statistics.
- 19:13He says not till one month on. This is historically speaking,
- 19:18not until one month after the first interest rate cut do the
- 19:23real flows start to come into the ETS.
- 19:27And guys, buckle up buttercup, because if we get real flows of
- 19:32money, people buying the SLV, the GLDETS, it's it's going to
- 19:38be off to the races like we have not seen before.
- 19:42So that doesn't really start. OK, that doesn't really start.
- 19:47It's like a delayed reaction until one month after the first
- 19:52interest rate cut. One month doesn't start, hasn't
- 19:56even started yet. We got a full lunar cycle until
- 20:01we're going to get this ETF flows coming in.
- 20:04But what makes it even more interesting?
- 20:07Even more interesting? Is the fact that it doesn't
- 20:10peak? It does not peak.
- 20:12I'm sorry. OK.
- 20:13Until six months later. All right.
- 20:17OK. So it's only going to get worse.
- 20:19Look like I have to read this to you.
- 20:21OK. Because we know the Fed is going
- 20:26to have to wind up printing money.
- 20:28Silver and gold are going to fly.
- 20:30What's the reason why? Why?
- 20:32OK. Think about it, right?
- 20:37The dollar continues to lose its value.
- 20:40The dollar continues to lose its prominent place in the world,
- 20:45right? Is the preferred reserve asset,
- 20:48is the preferred unit for conducting financial
- 20:52transactions, OK, Think about you and your own personal life.
- 20:56Think about five years ago. I mean, what I'll think about
- 20:59$100 five years ago and what you could buy with that, and then
- 21:04think about today what you could buy with that same $100.
- 21:08We looked at this the other day. You can buy the same amount of
- 21:11products or services with an ounce of silver now as you could
- 21:16have five years ago. But the $100 bill isn't even
- 21:19going to come close. OK, We know, right?
- 21:24I won't pull it up, but we know the debt is growing out of
- 21:29control, out of control. the US national debt $35.4 trillion.
- 21:36As the debt grows higher and we still are in a higher interest
- 21:40rate environment, but as the debt level grows higher, the
- 21:43interest expense, the annual interest interest expense which
- 21:46is going to hit a trillion a year before we know it, but it
- 21:50continues to grow bigger as well.
- 21:52That makes the deficit get bigger and that then makes the
- 21:56total debt level get bigger, bigger, which in turn makes the
- 21:59interest expense get bigger. It is a an absolute spiral.
- 22:04A doom cycle is about the only way that you can sum it up.
- 22:08And people say, oh, it doesn't matter.
- 22:10Yeah, it doesn't matter. It does matter, right?
- 22:14Mathematics show no forgiveness on the altar of truth.
- 22:18And we are there right now. I'm not saying we're at it.
- 22:23We're in the final. We're in the final phases.
- 22:26OK, and they're going to lie. We're going to get all told all
- 22:31the GDP is doing great, inflation's down all these
- 22:35numbers, OK, But we know it's a bunch of BS, OK?
- 22:39Everybody knows the dollar doesn't buy as much.
- 22:43Just consider this right now, OK?
- 22:45If your salary today is 20% higher than it was five years
- 22:50ago, OK, maybe you're making 20% more dollars.
- 22:55Paper Unicorn fart dust. I wish I had my dollar.
- 22:58It misses you, OK? You're making 20% more per year
- 23:02right now. I think most people, a lot of
- 23:04people are even people that are on government programs, right?
- 23:08But everything costs 40% more, OK?
- 23:11The dollar is on a path of losing real value, OK.
- 23:16And we know that silver will will help us.
- 23:19So some people might say everything's great in the
- 23:22economy. I don't know how you feel about
- 23:25that. I don't think that's the case,
- 23:28right? Some people, right?
- 23:31I think most of us will say we're in a recession.
- 23:33Did you, did you see what happened tonight after the
- 23:35market closed? FedEx, right?
- 23:39FedEx, the big delivery company, right?
- 23:41The FedEx who the Fed and FedEx is no more Fed than the Fed or
- 23:46the is just as federal, part of the federal government as the
- 23:49Federal Reserve. Nonetheless, their stock is
- 23:52crashing because their business is slowing down.
- 23:55Their profits are contracting. So a lot of us will say we're in
- 24:00a recession. I think some people in this
- 24:04country right now would even say that we're almost in a
- 24:07depression, that what we're dealing with is is is is a is
- 24:11depression level type things. Hey guys, thank you for being
- 24:15here. OK?
- 24:16Don't forget when the smartest guy in the room, we got, we got,
- 24:20we got, you know, if things play out like they should.
- 24:23And I could see more people getting into these ETFs, right?
- 24:27The average people that can drive the price of both silver
- 24:32and gold much, much higher. But I think what's even more
- 24:35interesting, if we really take a step back and think about John
- 24:40Paulson, right? One of the very few people and
- 24:43he made, he put his money where his mouth was back then.
- 24:46He made billions as one of the few people who who saw the, the,
- 24:51the, the, the housing crisis, the financial crisis is coming.
- 24:56He's proven that he has an ability to see out into the
- 25:00future. And what he's saying is gold,
- 25:03right? What he's doing is gold.
- 25:08What does that mean for us? And I think what's most
- 25:10important for us to realize as investors in these precious
- 25:14metals, silver and gold guys is that it's OK for us to have good
- 25:20times. I think, I think the precious
- 25:23metals community is in the is in the process that we're in the
- 25:26process of accepting the fact that maybe I'll go on a limb.
- 25:32You know, I went on a limb yesterday and said I believe we
- 25:34could get ourselves $32 silver this week.
- 25:37It could happen, right? I know it's likely not but but
- 25:42right that maybe we may never again see a silver price that
- 25:47starts with the number 2 until we get to 200.
- 25:51Look, don't make any financial decisions.
- 25:54Don't do anything crazy based on what I'm saying.
- 25:56This is what I believe. Do your own due diligence, leave
- 25:59us comments. We want to hear from you.
- 26:02I also want to say thank you to our channel sponsors First
- 26:06Mining Gold. Canadian gold developer with two
- 26:08multi million ounce projects in Canada.
- 26:11I have a link to their website in the description of this
- 26:14video, as well as Fortuna Mining.
- 26:18I met with Carlos last night from Fortuna.
- 26:21Great company, a lot of great things going on there, super
- 26:25high quality. They're actively mining in Latin
- 26:28America and West Africa. I have a link to their website
- 26:33in the description here as well. And of course, right, you got a
- 26:37choice. There's my gold again.
- 26:39I struck it rich in Colorado. You can, if you want to get
- 26:44yourselves on your hands and some precious metals, you can
- 26:46either do a lot of panning or go to channel sponsor Pimbex Pi MB
- 26:52EX. Hey, take care.
- 26:54Thank you for being here. I'll be back in the basement
- 26:56tomorrow and I can't wait to see you.
- 26:59OK. Thank you to the moderators,
- 27:01Jake from Jake's custom Parts. Annie, thank you.
- 27:05Big 10, the Silver Shire. Everybody have a great night.
- 27:08Susie. I miss you and I love you.
- 27:10That silver. Susie, my wife, make sure guys
- 27:13you please come back. Subscribe to the channel.
- 27:16Thumbs up much appreciated. Have a great night and I'll see
- 27:19you soon. Bye bye.