Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 Mexico Situation is a BIG DEAL 🚨 -- $65 SILVER

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🚨 Mexico Situation is a BIG DEAL 🚨 -- $65 SILVER · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
Big price increases in silver as the result of big problems right
0:06
now in Mexico. But why is Mexico so important?
0:12
It is critical for us to understand as silver investors
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why we need to keep an eye on what is going on in Mexico and
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it's going on right now and it absolutely could result in $65
0:28
silver, $75 silver, $85 silver, maybe even what our friend Keith
0:34
Newmeyer loves to talk about, triple digit, $100 silver.
0:40
But why is Mexico such a big deal?
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The silver investors, you think, oh, Mexico, did you know that
0:48
Mexico on an annual basis produces somewhere between 25%
0:54
and 30% of the world's silver? There's more Mexico, more
1:00
Mexico. There's more Mexico in Mexico.
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Let's cut. We'll try that one over that
1:07
Sunday morning. It's early.
1:09
Hey, we're all together. There's more silver in Mexico
1:13
than anywhere else on the planet.
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So when things change in Mexico and they are changing, that can
1:22
have a major impact on the silver price.
1:26
Let me read a couple of super interesting data points about
1:30
Mexico and silver. According to the United States
1:33
Geological Society, Mexico is the largest silver producing
1:39
country in the world. They produce an estimated 6300
1:44
metric tons of silver. That's what they produced in
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2022. This yield is significantly
1:51
higher. This is where it gets
1:53
interesting and guys I've got a piece of news about Mexico that
1:57
we're going to get to later that is good, good, good, good, good,
2:01
good, good, good, good, good, good news for silver investors.
2:06
But the amount of the amount of silver produced by Mexico is
2:10
higher than The Who. Who do you think the second
2:12
largest silver producer in the world is?
2:15
Take a while. Guess who's the largest gold
2:19
producer in the world? China.
2:21
Who's the second largest silver producer in the world?
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Yes, you guessed it. China.
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I kind of gave it away. Way to you.
2:29
Who's they? They're mine.
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Output was a little over half of what Mexico produced in 2022.
2:37
Now I want you to think about China and silver.
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How much of the silver that China produces in their own
2:45
country? As the second largest producer
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of silver in the world, how much of that do you think they sell
2:51
on to the open market? How much of the silver?
2:55
And think about this I, you know, I've noticed this lately
2:58
when I first got into silver stacking.
3:00
Remember the silver Chinese Panda coins?
3:03
They were kind of readily available at my local coin shop
3:06
and you could get them, you'd see them for sale on the, you
3:09
know, jam bullion, the big online retailers.
3:12
You don't really see Chinese Silver Panda coins readily
3:16
available anymore. I strongly believe that China,
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and I don't know this, so I can't say this, but maybe one of
3:23
you can do the research, but I don't think China exports any of
3:28
its silver. We know China doesn't export any
3:31
of its gold, but why is that a big deal with silver?
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Because that's again less silver going on to the market, right.
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And and so we know if the second largest producer is hoarding all
3:46
their silver and the largest producer, Mexico has some issues
3:52
and we're going to cover all these issues, the supply of
3:55
silver already constrained could be under even greater stress.
4:03
Most of Mexico's silver production comes from silver
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mines and byproduct extraction from lead and zinc mines.
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OK, A lot of silver is mined as a byproduct.
4:15
The country's largest silver mine.
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Remember this because this is critical.
4:20
Pinasquito mine, which yielded 32,000,000 ounces of silver in
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2022. Remember that mine name
4:28
Pinasquito, because we're going to talk about something critical
4:32
regarding that mine as well. That's the largest silver mine
4:36
in Mexico. Another noteworthy mind is the
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Fresnio mine. Now this is just interesting as
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a side fact, the world's largest primary silver mine which has
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been producing silver for over 5 centuries after it was founded
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in the year 1554. Is that mine blowing or what?
4:58
Does one mine in Mexico has been producing silver since 1554?
5:06
But let's back up to the Penasquito mine because this is
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this is where it gets interesting.
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Remember guys, Mexico provides 25 to 30% of the world's silver,
5:17
OK. We already know overall the
5:19
supply of silver is decreasing, Mexico 25 to 30% of it.
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All right. Now what's interesting is this
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Penasquito mine which is run by Newmont and there's, this is
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where we're going to start talking about the, the, the
5:34
factors about Mexico that are very good for silver.
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Penasquito mine run by Newmont, they there's been a strike there
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for like the last two months. The mine has been shut down.
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It drove Newmont, which is one of the biggest mining companies
5:49
in the world, to publicly say that they were going to
5:53
reevaluate their mining investments in Mexico.
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Guys. And this is not the, this is not
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the good news, the big kicker for Silver that I'm going to get
6:05
to right. I'm going to save it till the
6:06
end because it's, it's good, good news.
6:09
You're going to want to hang around for this.
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But Mexico is becoming increasingly difficult for
6:15
countries to mine in. OK, now if you want to get your
6:19
hand on some silver right now, right over to Pin Becks Pi MB
6:23
EX. They're an online bullying
6:25
dealer that I trust that I've worked with.
6:28
Silver, gold or platinum. PIM bex.com.
6:31
Check them out. I think PIM BEX is best and you
6:33
will too. Now back to silver in Mexico.
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Mexico's a mess. OK, all the silver that gets,
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you know the second biggest supplier, China, they hoard
6:45
there. So Mexico's this primary
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supplier of silver. There have been so many troubles
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for mining companies in Mexico in particular over the last
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three or four years. It's happening because of two
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things #1 social issues strikes in #2.
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The government Amlo, I believe his name is the guy who's
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running Mexico right now is so anti mining.
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I'm going to give you some examples of companies that have
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had trouble in in Mexico, America's gold and silver.
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They had a mine that was shut down, a silver mine for like
7:22
almost two years because of strikes in Mexico.
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Silver mine, Equinox, Equinox Gold, Ross Beatty's massive
7:30
company. Ask them how their experience
7:32
has been in Mexico. They've had big social issues at
7:36
their gold mine, but nonetheless major issues.
7:39
And this is just a few of the big companies that are having
7:42
problems. Ask ask Keith Newmeyer with
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First Majestic how how he feels about the current climate in
7:51
Mexico. They have a royalty dispute.
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There's all kinds of issues right now in Mexico when it
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comes to mining. They've passed new laws to make
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it much more difficult, I mean exceedingly more difficult, for
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companies to explore for silver, to develop silver mines, to get
8:12
permits for silver mines. They're controlling how the
8:14
mines are built. On top of it all, Fortuna
8:18
Silver, a company that I follow super closely, They've had the
8:22
most bizarre experience with the environmental people in Mexico
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over the last two years where they're trying to inhibit their
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ability to mine silver. The people in the community
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where Fortuna operates love the mine, love the jobs.
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But the government is, I mean just bizarro things that they're
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doing regarding like environmental permits For
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Fortuna, the the the bottom line is silver mining companies.
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This I guarantee you any silver mining executive that does
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anything in Mexico will tell you how difficult it's been.
8:59
But remember, what does that mean for the silver price?
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Well, it means it means if it's harder to explore, build or
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mine, Silver in Mexico, in Mexico is the biggest producer
9:13
of silver in the world. In the second biggest producer,
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China doesn't sell any of their silver.
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Really, outside of the country. That means the supply of silver
9:24
could be under serious, serious stress.
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OK, let's let's take a look at this here.
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We know the demand for silver is going higher and higher and
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higher as the supply gets constricted.
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It's going to cause a big issues for the silver industry.
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And let me read this to you because this is what you've all
9:50
been waiting for. Let me read this to you.
9:55
Bear with me. This speaks, this is, this is
10:00
really almost unbelievable that this is going on right now.
10:05
This came from Tavi Costa. Tavi is a hedge fund manager,
10:10
one of the most respected analysts in the precious metal
10:14
sector. You probably know who he is,
10:16
TAVI Costa. He's from Brazil.
10:20
He's widely followed. He's super respected.
10:23
He knows more about what's going on in the precious metal sector
10:27
than almost anybody. And here's something he put on X
10:31
this Sit down for this one, it says.
10:34
Mexico just reported its steepest decline in annual
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production of silver in four years.
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Steepest decline in annual production, which is notably
10:49
worse. This was even worse than during
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the COVID lockdowns, he says. Let us not forget that Mexico is
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by far the largest producer of metal in the world today.
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The supply of silver remains remarkably constrained.
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The supply is constrained, and if this is indeed the beginning
11:13
of another gold cycle, the metal could be worth multiples of its
11:18
current price. Let me show you this little
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chart that he has here. See if I can make it bigger.
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Bear with me. OK.
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I'm going to show you this and you can see I'm going to leave
11:35
that up for a few seconds. That's silver production in
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Mexico, OK. And you can see it's going down,
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down, down. The trend is down and it's even
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lower than what we had during the COVID situation where a lot
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of mines were shut down. Now that big mind, the
11:56
Penasquito mind that Newmont has has been shut down, there's a
12:00
major strike there. So that is contributing to this.
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But the overall trend from Mexico, right, the world's
12:08
largest silver producer is to make it exceedingly difficult
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from a government regulatory perspective to mine for silver
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in the country. And from a social perspective,
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it seems like every week we're hearing about a new strike.
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What does that mean for the future?
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When we look at the supply of silver, to me it means only one
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thing, a constraint on the supply of silver when when at
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the same time we know the demand.
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I read this morning and again it was on X, but people were
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talking, they were, they were debating, right, how much of an
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increase we're going to see in demand for silver for solar
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alone. Some people were saying 300%.
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This is by the year 2030. I apologize.
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So in the next seven years, what will the increase in demand for
13:00
silver be just for the solar industry alone?
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This doesn't include electronics, electric vehicles,
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medical, all defense industry, all the other sources of demand.
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They were debating about the lowest that that that anybody
13:15
brought up was 200 and 5300%. Some people are even saying that
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we're going to see 700% increase in demand for silver from solar
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alone by the year 2030. Where is it going to come from?
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Where's all the silver going to come from?
13:35
Because I need to remind you of one thing.
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Last year there was a deficit in silver from the Silver Institute
13:42
themselves. Their numbers indicated that
13:46
there were 1.2 billion ounces of silver demanded by the world.
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So the world needed 1.2 billion ounces of silver.
13:58
Total mine output was like 850 million, right?
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And there was a little bit that was added, or 900 million,
14:06
whatever, and a little bit that was added for recycling.
14:08
But recycling is not cost effective at this level, right?
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You need to have $50 silver for recycling of silver to really
14:17
make any sense whatsoever. So as we look at this, there's a
14:22
deficit. There's more being demanded
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every year than it's being supplied.
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And we know the supply from China is not going to get any
14:31
better. But even more important, from
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Mexico, the world's largest silver producer, we've got
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government issues, We got social issues.
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We have a shrinking supply of silver coming from the world's
14:47
biggest silver supplier. I don't know.
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I mean, what happens? Help me out here.
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What happens when there's much more robust demand for anything
15:00
than there is supply and there's a shrinking supply?
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Doesn't it seem like to us to, shouldn't it seem like that it's
15:08
just a matter of time until we get higher silver prices, the
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real silver price? Yeah.
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And are we seeing that right now?
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Let's talk about. We're going to talk about this
15:21
every day because this is probably the one of the other
15:24
biggest stories in the world of silver.
15:27
Besides the fact that you have decided to join me here today.
15:30
It's a big deal. Over 350 people on a Sunday
15:34
morning. Wow.
15:35
Thank you. Hey, one favor.
15:38
See that? That's my ugly thumb.
15:40
Please give this a thumbs up. And I'm gonna give you 10 rings
15:44
of the bell because we got to 100.
15:47
Thumbs up 12345. 678910 OK, now, now that darn bell made me lose
15:57
my train of thought. Oh yeah, the other big story
16:01
with silver right now lighting the Internet on fire, Lighting
16:07
X, also known as Twitter on fire right now.
16:12
We know the story with Mexico, we just covered that.
16:15
But what is going on in China, the second largest supplier of
16:19
silver? Let me give you some the most
16:21
updated information that we have right now from the Oriental
16:26
Ghost. This is the guy, he's the guru
16:29
of following the silver price in China.
16:33
We've had a big, big price differentiation between the
16:37
Western COMEX and the LBMA, right the the paper markets that
16:42
traditionally set the price of silver and the Shanghai Futures
16:46
Exchange. Here's the latest I could find
16:49
from the Oriental Ghost and this looks like Friday, the price of
16:53
silver on the Shanghai Futures Exchange closed at $25.40.
17:00
Still probably 1112% higher to buy silver in China than it is
17:08
to supposed to buy paper silver to buy electronic here.
17:12
Here's your silver that you can get on the COMEX.
17:14
Go ahead and grab some. Reach out in front of yourself.
17:16
Grab some, Grab some COMEX Silver.
17:20
It's right over there with the bitcoins.
17:22
It's electronic. It doesn't exist.
17:24
Right? Grab it.
17:25
Grab that. Comex Silver.
17:26
I just got some. That's great.
17:28
Put it with your Ethereum and your Bitcoin, right.
17:32
In China, their markets are more based upon actual physical
17:37
metal. Go figure.
17:39
Thank you, Darrell, for the Super chat, my friend.
17:41
What a nice thing for you to do on a Sunday morning.
17:44
I appreciate that. We are raising a family on this
17:48
channel. So thank you.
17:49
Nonetheless, this price differentiation is being hotly
17:55
debated. Why is why are gold and silver?
18:00
Gold is also much more expensive in Shanghai.
18:03
Not as expensive as silver, but nonetheless it's still more
18:09
expensive and people are scratching their heads.
18:12
The only thing that that most people are coming to the
18:14
conclusion of that that maybe, just maybe, that's the real
18:19
price of silver. Because don't forget what I
18:21
said, the Shanghai Gold Exchange, the Shanghai Futures
18:24
Exchange that is based on real physical metal.
18:29
Now I'm not saying it's 100%, but it's much from what I've
18:33
learned in this, you know, this is an evolving story.
18:37
It's much more based on physical metal.
18:39
So that could tell us. Now hold on one second.
18:42
I'm gonna have a sip of coffee. Don't go anywhere.
18:44
Don't you go anywhere? Because we got a lot more to
18:54
talk about. Thank you, Jim McDaniels.
18:56
Thank you, Ron. Susie and the moderators, yes,
18:59
the moderators make this happen. We've got Annie Oakley.
19:03
We've got Coin Shop, Chris, We've got Neil from Neil, Hans
19:07
Dynasty. We have Mary Radcliffe and we
19:10
have Jake from Jake's custom parts.
19:11
These guys help make these live streams special and they help
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make the community. So please type 4 in a in a
19:20
demonstration of thanks. And if I forgot any moderator,
19:24
just throw a Ding Dong and hit me in the head.
19:26
OK, I'm not perfect. We're going to talk about
19:30
copper. Copper's kind of like the
19:32
forgotten cousin of silver, gold and platinum in a little bit.
19:36
But first, this is one more unbelievable, unbelievable fact
19:44
about silver that we need to cover.
19:46
So bear with me. Let me get back to the Let me
19:50
get back to the whiteboard here. Bear with me.
19:55
Silver, Silver. Silver.
19:57
Silver. Silver where was it?
20:00
Uh oh, up there it is. OK, so we talked about supply
20:06
constraints in silver. Look, I talked to the CEO's of
20:10
the silver mining companies. I'm going to be talking to Jorge
20:13
Ganoza, the CEO of Fortuna Silver this week.
20:16
I've talked with Keith Newmeyer in the past once, but I can say
20:20
I talked with them OK. I talked with a lot of the other
20:23
mining CEO's as well, senior managers, they all say the same
20:27
thing about two things about silver.
20:29
Number one, it's exceedingly difficult to find good quality
20:34
new silver deposits in the ground.
20:37
And #2, Nobody's doing it because you know why?
20:41
There's no money in it at this price.
20:43
At 2220, three $20 silver. It's not worth it to look, guys.
20:48
That is going to constrain the the amount of silver.
20:52
But there's a one fact alone that drives home the fact that
20:58
silver is becoming increasingly rare.
21:02
Let me read this to you. This comes from Visual
21:05
Capitalist. If you've ever never looked at
21:08
Visual Capitalist, what they do is they they present like
21:14
economic or financial data to you in a visual form.
21:18
Again it's called Visual Capitalist and they map out the
21:22
10 largest undeveloped silver deposits in the world.
21:27
OK. They talk about silvers is going
21:30
to be needed in all the green technology.
21:33
I won't read you that. We already know that you
21:35
basement dwellers, you know the story behind silver in the green
21:41
economy, electronics, solar. Like I said, some people are
21:45
saying demand for solar alone could go up by by 700%.
21:50
This says here in two thousand 2227%.
21:54
This is not the incredible fact I got an incredible fact for you
21:58
I'm going to share. But this is a good fact. 27% of
22:01
all silver consumption in the United States was attributed to
22:07
electrical and electronics, 27%. While, and this is interesting,
22:14
only 10% was linked to solar technology.
22:18
So 27% of the silver is already being consumed by electrical and
22:24
electronics. Only 10% solar, but people are
22:28
saying that could grow by almost 506 hundred, 400, whatever.
22:33
It's going to go up significantly as we move into
22:36
just the next seven years alone. That's not the Incredible Hulk
22:42
fact. Remember the Incredible Hulk
22:45
when you were kids about silver? Global silver?
22:50
Demand is rising. OK there was a a a 237.7 million
22:57
outs deficit like we talked about in 2022.
23:01
By the way I forgot I've I've, I failed you.
23:05
I forgot to tell you that was an all time record last year.
23:09
That's deficit in silver all time record 2023.
23:14
Industrial demand for silver is forecast to rise by 4%.
23:20
Here's the crazy fact. OK.
23:23
Currently sit down for this one. Currently the world's top 10
23:29
undeveloped silver deposits contain.
23:32
How much silver do you think is Arkin is How much?
23:36
Yeah, how much silver, I almost said are how much silver do you
23:40
think are contained? How much silver?
23:44
I'm going to talk speak like the Goldman Sachs How much silver do
23:47
you think is contained in the top 10 undeveloped silver
23:54
deposits in the world? Doo Doo.
23:57
Doo Doo Doo Doo Doo and this is crazy crazy when you think about
24:03
this. If you answered 984,000,000
24:09
ounces, write that number down or remember it.
24:13
There's 984,000,000 ounces of silver in the top 10 undeveloped
24:21
silver deposits in the world. Why is that crazy Or ask me,
24:24
Ron, are you crazy? Ron, what's the big deal?
24:26
About 908? It's a lot of silver.
24:29
Yeah, that is. But I want you to take a step
24:32
back and consider this fact, Okay.
24:35
The top 10 undeveloped silver projects 984,000,000 ounces.
24:40
That is significantly less than what in one year 2022 the world
24:48
demanded. We have less than one year
24:51
supply of silver in the world's top ten undeveloped silver
24:57
projects. What does that tell you?
24:59
And I and I, and again, I can tell you from speaking to these
25:02
CEO's, I mean I would think that the top silver projects,
25:07
undeveloped silver, that's the pipeline of new silver supply
25:11
coming in would have like 5 or 10 or 30 or 50 years worth of
25:16
silver. No, the top 10 silver
25:19
development projects, they have like 9 months worth of silver.
25:25
Does that blow your mind? You know in what we also know
25:30
all these silver companies, Fortuna, Heckler, all, all the
25:35
big guys, right? They'll tell you the silver is
25:40
getting so much harder to mine. OK, it's it's it's becoming so
25:45
much more exceedingly difficult to get that metal out of the
25:48
ground. What does that tell us from a
25:50
big picture perspective when we take a step back, right.
25:54
People will say, why would you buy silver?
25:56
Why would you want to buy, you know, silver?
26:00
Remember, the world's largest silver producing country is
26:04
basically saying, hey, silver industry goes off, we don't want
26:09
you here anymore. We don't want silver mining.
26:12
I mean that's what the Silver CEO's will tell you.
26:15
That's the feeling. Mexico has become an undesirable
26:20
jurisdiction in which to mine. But the problem is they're the
26:25
biggest silver producing country in the world and we can't go to
26:28
the second biggest. That would be China, because
26:32
China's not going to give away any of their silver.
26:34
They're going to keep it all in the Shanghai Gold Exchange, in
26:37
the Shanghai Futures Exchange. Think about this, guys.
26:41
And then at the same time as we have the shrinking, you know,
26:45
and countries aren't cooperating anymore, we've got a silver
26:49
demand picture that is going through the roof, solar,
26:53
electronics, military, you name it.
26:56
Anywhere we look, we're seeing silver is absolutely crazy.
27:01
But what about copper? Now let's learn a little bit
27:06
about copper. You probably definitely know
27:08
this, but copper is the predominant mineral that's used
27:13
in electrical. It's it's the big the big demand
27:16
story for copper is the electrification of the planet.
27:20
OK, how does copper relate to silver?
27:24
Well a lot of silver is still found with the with copper
27:28
mining it's a byproduct. OK, but but the copper, the new
27:33
copper resources in the world are deeper.
27:36
They're different. The low hanging copper fruit has
27:39
been harvested. So now the new copper deposits
27:42
that are going to have to be mined to meet all this crazy
27:45
insane demand for silver and copper, the new copper deposits,
27:50
they don't have as much silver in coexistence with the copper.
27:55
All right, but let me read, let me just read something from
27:57
Citibank. Let's hear from Citibank about
27:59
copper, because copper is, is and like copper and platinum.
28:05
Everybody always talks about silver and gold, but platinum
28:08
and copper are like first cousins.
28:11
Okay, they they matter for the overall picture.
28:16
Bear with me here. Here it is.
28:23
Here it is. They're always trying to sell me
28:28
something, OK? Citibank says a copper boom will
28:32
make historic 2008 oil price surge look like child's play.
28:39
Excuse me? Look like child's play.
28:40
Let me read this. According to Citigroup, by the
28:45
year 2025, the copper boom will make the 2008 oil price hike
28:50
look like child's play. Max Layton, managing director of
28:55
commodity research at City, compared the upcoming copper
28:59
surge to the 2008 oil rally, when oil prices went from $50 a
29:05
barrel to over 100 and 140 dollars a barrel.
29:10
He said copper is now considered, quote UN quote, the
29:13
new oil we need to stay on top of the skies because copper and
29:17
silver and gold and platinum, they're all related due to its
29:21
role in electric vehicle batteries and green energy
29:25
technologies like solar panels. Does that sound familiar?
29:29
And wind turbine when turbines and in turn could see a similar
29:34
upside in the next three years, OK.
29:37
Although copper prices are expected to decline this year
29:40
due to China's economic struggle struggles and slower global
29:43
growth, City sees this as an opportunity.
29:46
Copper is going through the roof, silver, copper demand is
29:51
going through the roof, silver demand is going through the
29:56
roof. Now, we already covered the
29:58
silver story from that supply perspective.
30:02
What about the pricing mechanism for silver?
30:06
That's the big key. That's what's been holding
30:09
silver back now for decades. The COMEX and the LBMA have been
30:15
suppressing the price of silver and gold for decades.
30:18
We know, we know. Think about this.
30:21
Our government was able to prosecute and convict to JP
30:26
Morgan traders for price manipulation in the precious
30:30
metals doing it by spoofing. If you're, I mean what do you
30:34
think if you if our government was able to get two people, two
30:37
guys and with the best attorneys, you know those JP
30:40
Morgan guys had the best attorneys money could buy, right
30:44
And our government was able to get to, that's the tip of the
30:48
iceberg. That's what I'm being told.
30:50
That's just the tip of the iceberg in terms of the
30:53
manipulation and suppression of the metals prices that we've
30:58
endured for years. So we hear this, this talk about
31:02
a new pricing mechanism for silver, for gold, for platinum,
31:07
for copper, for all of it. How would that happen and what
31:13
would it mean for the price of the metals?
31:16
We're going to talk about that right now, because that's the
31:26
only way that we're going to see value realization.
31:30
You want it. You want your.
31:31
You want the value of your metals to go up, right?
31:34
Unless you're wanting to buy more, more, more, more, more.
31:37
But a lot of us have already accumulated what we think is a
31:40
significant amount. Oh, we got 200 thumbs up.
31:44
Hey guys, when we get the 200 thumbs up, we have a tradition,
31:47
A spaceman dwellers, we ring the 200 bell and we got 450 people.
31:55
Awesome. On a Sunday morning and we're
31:58
going to talk about the new price for silver, the new price
32:03
for gold, the new price for platinum, copper, Palladium, all
32:07
of them. How is it going to happen?
32:09
How is it going to happen? Right.
32:12
Traditionally, the Comex and the LBMA have dominated, setting the
32:17
price of the metals with huge leverage, right?
32:20
You hear all kinds of incredible numbers that you know, the Comex
32:24
has for each one ounce of silver that it has.
32:27
Some people say 400 contracts, 40, whatever it is, it's insane,
32:33
right? They'd leverage it up.
32:34
All that that price that's determined is only based on
32:39
paper. There's not enough silver in the
32:41
in the in the vaults to cover all the contracts that are
32:46
outstanding. That's just a simple, simple
32:50
fact. But what is going to break that?
32:53
You know, we've talked to the experts.
32:55
You probably have watched some of the previous interviews that
32:58
I've done. What eventually breaks it is
33:01
when physical demand overwhelms the paper market.
33:06
Now, what could make that happen?
33:07
I think there's two, two things. OK, two things.
33:11
Number one could be crisis like we had.
33:14
Remember, Remember the Just as an example, let's just look back
33:18
six months ago. It's been a it's been a really.
33:21
Does it feel like it's been a calm, like a fake calm six
33:25
months in the West, right? Like, not a lot has happened.
33:28
But six months ago, before this calm, we had a little banking
33:33
crisis here in the United States.
33:35
Three of the four largest banks in the history of the country
33:37
went belly up. Suddenly everything's OK now.
33:41
Somehow the Fed made-up some new program and and fixed
33:45
everything. But nonetheless, when that
33:47
little crisis erupted, demand for the precious metals went
33:51
crazy. There's even a CNN, CNN,
33:54
Children's News Network article about people buying gold and how
33:59
it's still right. The surge abated, but there's
34:04
still people buying actual, physical gold.
34:07
People are worried. OK, so one of the ways that the
34:11
physical market could absolutely overwhelm the paper market is in
34:16
a state of crisis, a financial crisis, some other type crisis
34:20
that could erupt in the United States.
34:22
A lot of you and a lot we all have varying degrees of what we
34:26
think is going to happen. But when we look at the big
34:29
picture in this country, financially, the way our our
34:32
country is being run monetarily from the Fed, how it's being run
34:36
when we look at politically what's going on in this country,
34:39
when we look socially, what's going on in this country, When
34:42
we look at the consumer, who's the backbone of the US economy,
34:46
how they are in horrific shape, we can see that a crisis,
34:50
because everything is so delicate, so fragile, is not out
34:54
of the question. That could do it.
34:56
That's option #1I promised you two options, but I want you to
35:00
promise me one thing before I give you that second option.
35:04
I want you to please subscribe to my channel if you haven't
35:07
done so. That's all I ask.
35:09
And give this a thumbs up. It'll be my last bag.
35:12
Thumbs up, my big chubby thumb. It looks like that.
35:15
If you press it, that helps get the word out to more people.
35:19
OK, now what's the second factor that we need to think about
35:24
regarding price discovery and the metals?
35:28
It could be this massive bifurcation that we're having
35:32
right now in the world, guys, the bricks.
35:35
The bricks. Plus, don't forget we have Saudi
35:37
Arabia, Iran, United Arab Emirates, Australia, Argentina,
35:44
oh boy, Egypt and Ethiopia joining them.
35:48
And those countries are developing their own markets for
35:53
silver and gold and platinum and oil and everything else.
35:57
It's happening. The Shanghai Cooperation
36:01
Organization, the AZNASEAN, read about that.
36:05
They are developing. And what about, like we talked
36:07
earlier, the Shanghai Futures Exchange, the Shanghai Gold
36:12
Exchange? Now one thing we have to
36:14
recognize, we're talking about this different price based upon
36:19
research that I've done the the, the, the, the Comex still is
36:24
significantly bigger than the Shanghai Gold Exchange, but they
36:29
are growing and growing and we're seeing more countries.
36:32
Even I'm hearing that in Hong Kong, a lot of the dealers in
36:35
Hong Kong instead of using the Comex price to base their metal
36:39
sales on, they've switched now to the Shanghai Gold exchange
36:43
price again because it's a more physical market.
36:46
But that shift, that's the other option.
36:48
We could have domestic Western issues that could blow out the
36:52
price for silver and gold, but we already know, we already know
36:58
that the world through this bifurcation is moving in that
37:02
direction as well, right. And at some point, when you look
37:06
at the combined strength, right, maybe China on their own isn't
37:10
as big as the United States. But when you combine China with
37:13
India with Russia with Brazil, with Saudi Arabia, and they say,
37:18
hey guys, we think there's a different price.
37:22
We got news for you. Sorry.
37:24
We think knock, knock, are you there?
37:29
Sorry, Comex. But we think there's a different
37:32
price for gold, a different price for silver.
37:36
Oh, and oil, the biggest commodity in the world, which
37:41
will affect everything. It's easy to see when you look
37:46
at what's going on in Mexico and and people are talking about
37:49
Mexico possibly joining the bricks, possibly.
37:55
And there's a whole host of other countries as well.
37:58
But nonetheless, when you look at what's going on in Mexico
38:01
with silver, and we love silver, right?
38:04
We love all the metals. We love to talk about the
38:06
economy. I love the fact that you're here
38:08
with me in the basement, but we love silver in particular.
38:12
And when you look at what's going on in that market alone,
38:16
it's astounding. I want to talk about gold really
38:18
quickly. Look, these videos aren't
38:20
possible without sponsors. We talked about pin backs.
38:22
What about this company? First, mining gold, if you want
38:26
to protect yourself with an investment of gold in the
38:29
ground, they're a Canadian gold mining company with 225 million
38:36
ounce projects in Canada. Now think about this, we talked
38:40
about how Mexico is becoming an increasingly difficult
38:44
jurisdiction in which to do mining.
38:48
Canada is becoming more friendly toward mining, in particular
38:52
Quebec. And 1st Mining Gold has one of
38:54
their 5 million ounce projects in Quebec that's the Du Parquet
38:58
project and another one in Ontario, the Spring Pole
39:01
project. But they have four other project
39:04
interest in Canada as well, including one in Newfoundland, F
39:09
Frank, Frank, Mary George, Frank, FF, MGF.
39:14
I came at a hard time saying that that's the stock symbol.
39:17
Go to firstmininggold.com, learn a little bit if you want.
39:20
If you're interested, learn more about the company.
39:22
You can also reach out to their Director of Investor Relations,
39:25
Paul Morris. He's a great guy, would be happy
39:29
to answer any of your questions. His e-mail address is in the
39:32
description of this video. So yeah, let's just talk about
39:36
that for a second. When it comes to mining
39:39
jurisdictions, Canada is becoming much more friendly
39:43
while at the same time Mexico is becoming much more difficult of
39:48
a place and that is going to kill silver guys.
39:52
It's not going to kill the silver price.
39:55
It's going to be like, you know when you're building a fire and
39:57
you put it a couple new logs on dry logs, it's going to be good
40:01
for the price. But they are killing the silver
40:05
industry right now in Mexico. It's like just strangling.
40:11
So many crazy ways and I can't I'm gonna say it for the third
40:16
time. I'm repeater Ron like Susie
40:19
says. But when the number one producer
40:22
of silver is is applying heat to the silver miners and they're
40:27
producing less silver and #2 doesn't let any silver leave
40:33
their country, that's China and they're setting a new price for
40:38
silver. I don't know.
40:40
You know, I, I, I, I I think it's it's a good warm fuzzy for
40:44
a silver lovers to remember this fact and this is just my
40:48
opinion. And then when it comes to
40:50
talking about companies and stocks and whether you should
40:52
buy silver or gold. I'm not giving financial advice
40:55
OK. But, but when I think about
40:59
about that gold in the ground in Canada or I think about the
41:02
silver that I may get from my friends at Penn Becks here.
41:06
Here's a South African Kruger Ant.
41:10
One of my favorites. I love them, OK, Absolutely love
41:14
them. What I like about Let me explain
41:17
to you what I like about this. I'm like the coin guy on TV.
41:20
No, I'm not trying to sell you this coin.
41:22
And no, I don't make a Commission.
41:23
If you buy anything from pinbacks that has worked with
41:26
them in the past, I trust them. OK, But let me tell you about
41:29
this beautiful coin. I'm the, you know, those coin
41:32
shows on TV. Have I got a deal for you?
41:37
This is what I like about this coin.
41:39
I like the fact that if I buy it for $26, I feel confident, very,
41:45
very confident that it is going to at least maintain its value.
41:51
OK, period. Period.
41:54
But there's an opportunity. Not saying it's for sure.
41:58
And it may be a short window, right?
42:00
We got to be mentally prepared and monetarily prepared.
42:04
Basement dwellers. Listen up, basement dwellers.
42:07
This will be quick, but there's an opportunity that this could
42:10
go up in real value. When I say real value, I mean,
42:15
let's say right now we go to the grocery store and we can get 10
42:19
loaves of bread, roughly $2.00 each roughly for this one ounce
42:23
of silver. That we could see an opportunity
42:26
present itself when things get hairy.
42:29
And because The thing is with silver guys, you got to
42:32
remember, if things get really bad, people rushed to metals.
42:37
Most people are going to rush to silver.
42:39
What happened during the little banking crisis?
42:41
I think I forgot to finish that story.
42:43
When you went to your local coin shop back in April, early April,
42:47
they didn't have any silver, right?
42:49
They didn't. It was all gone and you had to
42:51
wait two or three weeks or four weeks.
42:53
If you went online and ordered from one of the giant online
42:58
bullion dealers, right, you had to.
43:00
They raised their minimum amount that you had to spend and they
43:05
said there were two 3-4 week delays.
43:08
All right, so what's going to happen when things get hairy?
43:11
You aren't going to be able to get this.
43:13
And maybe maybe instead of getting just 10 loaves of bread,
43:17
it'll maintain its value. But you could see an opportunity
43:20
where maybe you could get 50 loaves of bread or 100 loaves of
43:25
bread. And that's why you hear, I
43:27
always like to go back to this. And I absolutely love him.
43:31
And I'm forgetting his name. Darn it.
43:34
The guy that says 100, you can get a house for 100 ounces of
43:37
silver. I want to say Tavi Costa, but
43:39
that's not it. Darn it.
43:42
Somebody helped me out. Put it in the thing.
43:44
I can't believe I'm having a senior moment right here.
43:46
I'm degrading. Like I told you what happened
43:48
over time, right? This is going to be the world's
43:51
largest live stream. I'll be on here until I pass
43:54
away. Rafi.
43:56
Thank you, Sassy Silver. Thank you, Sassy Silver.
44:00
Man, you helped me out in so many ways.
44:02
I appreciate it. That's the little window, right?
44:06
OK. We could see like a spike, like
44:08
a bubble. Believe it or not, we're in an
44:11
anti bubble right now when it comes to silver or gold.
44:13
But we could see a little bubble that blows up in the silver
44:17
price where, yeah, instead of getting 10 loaves of bread for
44:21
this, which I would never do, but nonetheless, you might get
44:26
100 loaves of bread, you might get 500 loaves of bread.
44:30
You know, you might be feeding your whole neighborhood.
44:32
We're going to have Turkey sandwiches.
44:34
That's the exciting prospect with metals.
44:39
But but again, what I? Fall back on is the fact that I
44:44
am confident that that one ounce of silver is going to maintain
44:49
its value. Think about this.
44:51
Think about this. Let's have story time.
44:53
OK, Sit back, have a have a sip of coffee and we're going to
44:56
have story time. Thank you, Sean.
45:00
Ding Dongs. I'm going to have to rent a semi
45:03
truck to send these Ding Dongs down to our friend Coin Shop
45:06
Chris, for those of you who do not know, Coin Shop Chris who is
45:09
a critical part of this channel is addicted to Ding Dongs.
45:14
He eats over 5 a day is what the word on the street is.
45:17
So we got to keep Ding Dongs coming for him.
45:19
Hold on one second. Then we have story time.
45:28
I don't think we can. We can.
45:29
We can hear this story Enough. Look.
45:33
You're a human. I'm a human.
45:35
We're all together here in the basement, yes.
45:37
But nonetheless, you're a human watching this right now.
45:41
One thing you can say for sure, absolutely for sure about you as
45:45
a human is this. You had a great, great, great,
45:52
great grandpa. OK, so did I.
45:54
Maybe we had the same one. It's hard to keep track, right?
45:57
But so maybe we're related. But nonetheless, you had a great
46:00
to the 4th degree, Grandpa. He was alive in the year 1830.
46:07
OK, 1820, whatever. I think my math is correct.
46:12
Doesn't matter where in the world he was.
46:14
Doesn't matter if he was in England, Toronto, Texas, Buenos
46:21
Aries. Doesn't matter.
46:23
You had a great, great, great, great grandpa.
46:25
No matter where in the world. If that great grandpa of yours
46:28
had a one ounce silver bar, one ounce silver coin, one ounce
46:34
silver nugget, one ounce silver round, whatever it was and stuck
46:40
it in his pocket, OK, all right. Stuck it in his pocket and
46:46
forgot about it and hung his pants up at the house and died
46:51
in 1825, right? And then the house got passed
46:54
down from generation to generation.
46:56
Finally, you're going to sell the house today.
46:59
You go to clean out that house and you find those pants he was
47:02
wearing and you find that one ounce silver coin bar round.
47:06
Whatever it is, it's just as valuable today.
47:09
No matter where in the world he was, no matter where in the
47:12
world you are right now, it's just as valuable today as it was
47:17
in 1820. And we could use that same
47:20
example with your great grandpa to the 50th degree, who may have
47:24
lived in the year 2020 or I'm sorry, 2220, not 20/22/20, 2018,
47:32
100 years ago. That's the benefit to silver.
47:36
And the same can be said about gold, and I imagine platinum as
47:39
well, but I don't think platinum was really discovered until
47:42
later on anyway. That's why we hold the metals.
47:47
Now remember silver, that silver in your grandpa's pocket is
47:51
being consumed every year, right.
47:54
Used in electronics, used in all kinds of products and cannot.
47:58
And used in defense, used in. Somebody said there's like a
48:00
whole monster box. There's 500 ounces of silver.
48:04
Did you know this in one Tomahawk missile?
48:07
I think it was one of these big cruise missiles, you know, I
48:10
mean, have you thought about that?
48:12
Do you think that silver's ever going to be recovered?
48:15
I don't think so. I'm not in favor of war or war.
48:19
Susie doesn't like how I say war.
48:21
Is it war or war? War, War.
48:24
Nonetheless, those Tomahawk missiles have 500 ounces of
48:28
silver in them. Silver is being consumed.
48:33
Oh, and like we talked about 8 times already today, there's
48:38
less silver being supplied to the market than is being
48:42
demanded, huh. Think about that.
48:46
Right? And you're going to tell me
48:47
that, that the price of silver right now is fair?
48:51
I don't think so. All right, guys, we need to
48:53
accomplish something. Please.
48:56
Please. This will be good for us.
48:58
All of us will all feel good. Can we get?
49:00
I said I wouldn't do it again. I lied to you.
49:03
That's the first lie on this live stream.
49:05
That's why I think it's not a live stream.
49:07
It's a live stream. Can we get the 300 thumbs up?
49:12
I'll do it one last time, I promise.
49:15
Until I lose a sponsor over it, I will hit the bell with my
49:19
nose. OK, All right.
49:22
And if I lose a sponsor over it, well, you know, I'll have to
49:25
consider I still may do it with my nose.
49:28
It's been a part of the show from day one.
49:29
We need to get the 300 thumbs up.
49:32
Come on, man. Let's get that done.
49:34
Let's get her done here on a Sunday morning, right.
49:39
So no matter what you say about silver, I don't care.
49:44
I believe in my heart that it's going to maintain.
49:47
I know it's going to maintain its value and I know 150% and
49:53
we're almost a 300 thumbs up that we could have major price
49:58
increases in the silver. Let's get here, we.
50:00
Got it. All right.
50:03
OK. You want me to do it in slow
50:04
motion for you today? Some people really don't like
50:08
this. If you're one of the people that
50:09
doesn't like this, I understand. I know.
50:11
I, you know, it's a little different.
50:13
I had to go to the doctor because I injured my nose doing
50:16
this about six weeks ago. But I have a new method and it
50:19
works quite well. That's three rings the bell with
50:26
my big fat nose for 304 thumbs up.
50:30
You guys are awesome. Have a great Sunday.
50:33
I will not be back on later today.
50:36
I'm taking the girls to the Fright Fest Halloween scare
50:40
thing, so hopefully I lived through that.
50:41
But I'll see you tomorrow. Take it easy.
50:44
Thank you. Thank you all the moderators.
50:46
Wait a minute man. I almost forgot the most
50:49
important part of the show, man. Thank you for the Super chats.
50:54
That's awesome. Thank you, Sean.
50:56
As always, you're super generous with me.
51:00
I never expect super chance, but really appreciate.
51:03
We appreciate the support, you know the part.
51:07
We didn't even talk about that today.
51:09
But you know, it's so crazy trying to live in this day and
51:12
age money wise. And my daughters, they got, they
51:16
were much more or less expensive when they were five than they
51:19
are when they're 11. It's like every day they need
51:21
money for something. And I'm not begging for money.
51:23
I'm just saying it's crazy. And then and then they eat more
51:28
as they get bigger. That's good though.
51:31
That's all right. You know, we make it, Neil.
51:34
Hey, Neil, great to see you. Thank you, Neil.
51:37
Thank you. Coin shop, Chris.
51:40
Thank you. I think Annie was on here.
51:42
Thank you. Sassy Silver.
51:43
Thank you, Big Jay, for being here.
51:45
Thank you, Pablo Pena. Thank you, Sean.
51:48
Or thank you, patriot Paul. Thank you.
51:52
Silver is my B back up the truck.
51:56
That's a great username. You know guys we're going to be
52:00
in this together. OK.
52:02
Thanks for being part of the basement.
52:04
Thanks for coming down here and spending some time with me and
52:07
I'll see you soon. Thank you.