Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / CRAZY SPECULATION! 💥 New Silver Price and Gold Price Rumors

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CRAZY SPECULATION! 💥 New Silver Price and Gold Price Rumors · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:02
  Silver squeeze and big evidence that we could be closer to a
• 0:06
  silver squeeze right now than anytime in the last four or five
• 0:10
  years. We're going to dig in.
• 0:12
  Plus there's big rumors going around in the silver world.
• 0:16
  We're going to dive into that. We're going to talk about the
• 0:18
  Comex is the Comex as part of this potential potential squeeze
• 0:24
  is the Comex at risk of breaking yes the paper exchange.
• 0:29
  I'm going to show you some crazy, crazy data coming out
• 0:32
  there and more speculation based on what a lot of people are
• 0:37
  think are facts about what's happening with the gold that the
• 0:41
  United States of America supposedly has in Fort Knox.
• 0:46
  I know one thing that's not supposedly true that's that
• 0:49
  you've decided to join me down here in the basement.
• 0:52
  Thank you so much for coming down here.
• 0:54
  We appreciate you. We love to talk about gold and
• 0:57
  silver. We've got the 2026 subscription
• 1:00
  sale still going on. Yes, it's all completely free.
• 1:05
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• 1:09
  Leave a comment in the comment section.
• 1:11
  Super chat, super thanks. Never expected, always super
• 1:14
  appreciated. Where do we start?
• 1:16
  Squeeze, squeeze, silver squeeze.
• 1:19
  I don't we don't talk about that much.
• 1:20
  We haven't talked about it much at all over the last year.
• 1:23
  We pointed out a fact, an important fact that we had a
• 1:26
  silver squeeze like a semi squeeze over the last six to
• 1:32
  nine months as the silver price went up and up.
• 1:36
  But now are we at a point where we could actually have a silver
• 1:40
  squeeze? I forgot to talk about the big
• 1:42
  rumor. Let's talk about that then.
• 1:43
  We're going to go into this evidence about the silver
• 1:46
  squeeze, but you guys are sending me all, all these
• 1:49
  emails. I'm getting all kinds of
• 1:51
  messages about this rumor, I'll say, or speculation that some of
• 1:56
  the big silver producers have decided not to sell their silver
• 2:00
  to the Comex. I've not been able to
• 2:02
  corroborate that yet in any way, but it certainly is getting a
• 2:07
  lot of attention, I would say, within the silver community.
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  And if it's true, it could be a very good thing for this
• 2:16
  continuation of the physical rally that we seen in silver.
• 2:20
  And I need to make a big major announcement.
• 2:22
  This much I can tell you 100%. And that is that upstairs,
• 2:27
  Susie, yes, my lovely wife and assistant and I will officially
• 2:32
  announce that we will never sell any silver to the COMEX or to
• 2:37
  the LBMA for that matter, right? Let's talk about what happened
• 2:41
  yesterday when we had a silver, what collapse in the silver
• 2:45
  price. And let's dig in because this
• 2:47
  feeds right into why we could be up for a big silver squeeze.
• 2:51
  Let's go out to the Silver Academy.
• 2:53
  And this is incredible data giving us the reasons why we had
• 2:58
  this horrific day yesterday in the silver market.
• 3:02
  Hold on one second here. Make sure we got you.
• 3:05
  Yep, you're up. All right, guys, here we go.
• 3:08
  Silver's day of reckoning Shanghai just triggered the end
• 3:13
  of paper. Remember that Shanghai silver
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  meltdown exposed the biggest illusion in modern finance.
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  Billions of phantom Oz dumped in hours, paper markets imploding
• 3:25
  while physical silver vanished worldwide.
• 3:28
  Justario said. This.
• 3:30
  This is incredible guys. Breaking Now we have
• 3:34
  confirmation that they attacked and tried to break the silver
• 3:37
  market at the Shanghai Futures Exchange yesterday.
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  Remember that is the Chinese paper silver market.
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  The Shanghai Futures Exchange now will restrict the relevant
• 3:50
  accounts. Translation from Chinese right
• 3:53
  here. Let's read what the Shanghai
• 3:55
  Futures Exchange says, which is on February 5th, six groups of
• 3:59
  accounts under actual control exceeded the daily trading
• 4:04
  volume limit for relevant contracts reaching the exchanges
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  processing standard. The aforementioned clients
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  trading activities violated Article 16 of the Shanghai
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  Futures Exchange abnormal trading behavior management
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  measures, and the exchange decided to take regulatory
• 4:23
  measures to restrict the opening of positions by the relevant
• 4:27
  clients in the corresponding contract.
• 4:30
  So the Shanghai Futures Exchange is admitting that this happened.
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  Now it gets more interesting. That day will go down in
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  precious metals histories as the day the paper facade, the paper
• 4:41
  tiger cracked. What unfolded on the Shanghai
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  Futures Exchange wasn't a market correction.
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  It was an act of financial warfare.
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  Warfare. 17% collapse in hours in avalanche of synthetic silver
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  traded into oblivion in the fingerprints of coordinated
• 5:00
  short selling plastered all over the tape.
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  They call it volatility. Don't believe it.
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  This was Shanghai paper Hammer. All right, two more pertinent
• 5:10
  points. And this again feeds into why
• 5:13
  there's major stress and we could have a short squeeze.
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  COMEX registered silver. Now we're talking about the
• 5:20
  COMEX. The futures market in the United
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  States has evaporated to roughly 104 million oz.
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  We're going to talk about why that is so important against an
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  open interest big enough to theoretically own the entire
• 5:36
  world's mine supply several times over.
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  Shanghai's inventories under 40 million oz.
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  Yet somehow billions of virtual oz were sold.
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  Guys, we have a very interesting development in the world of
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  paper silver right now. OK, hold on here.
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  Sorry. I thought you were looking at
• 5:58
  me. Now you're back.
• 5:59
  Hey, good to see you. Very interesting development in
• 6:02
  the world of paper silver. On top of this, we also know
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  footnote this that the Chinese billionaire has opened a massive
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  short position in silver. The same Chinese billionaire who
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  made like I think $3 billion going long on gold futures
• 6:19
  contracts now has sold almost 15,000,000 Troy ounces of silver
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  short bookmark that is well. And on a side note, we talked
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  about this this yesterday. We are truly in a David versus
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  Goliath moment because we have David Bateman right in the
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  United States, the silver billionaire who also has
• 6:40
  somewhere around 15,000,000 oz. He has physical silver,
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  continues to buy physical silver.
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  So we have the real silver, the United States David, OK, the
• 6:53
  physical silver David versus the Chinese giant Goliath paper
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  tiger. It's getting very interesting.
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  And then we have the situation at both the Shanghai Futures
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  Exchange. Hold on a second.
• 7:10
  I'm sorry, I forgot the Shanghai Futures Exchange and the COMEX
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  where there's a big, big, big, big inventory problem.
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  We're going to get into that right now.
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  And I'm telling you, this could lead to a short squeeze in the
• 7:27
  silver price. But first, and this totally
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  tells us why we're we're looking at it, we'll go here.
• 7:34
  Just Dario says, in case you aren't familiar with what
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  happened to nickel, OK, the metal nickel in 2022 when a
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  large commodity broker from China built a very large short
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  position through JP Morgan and he didn't have enough nickel to
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  deliver. Here's the chart.
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  FYI, guys were putting the pieces together.
• 7:56
  Yes, there was a massive short squeeze and nickel at that time.
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  Now here from Bloomberg points this out, OK, China trader who
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  made 3 billion. So just to prove to you what we
• 8:08
  just talked about on gold bets, bets big against silver beyond
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  his name's beyond. So it's the physical silver,
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  David, in the United States, David Bateman versus the paper
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  tiger beyond in China has built the Bors's largest net short
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  position. What's on Bors?
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  Is that a market? I guess that short position and
• 8:28
  silver with a bet on the metals collapse now worth almost $300
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  million. Maybe upstairs.
• 8:36
  Susie can Google Borsch, I think it means market.
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  Anyway, he holds a short position that stands at about
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  450 tons of silver, which I calculated to be about
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  15,000,000 oz or 30,000 contracts in the metal.
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  Sharp drop has resulted in a paper tiger gain of about CN¥2
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  billion. OK, now this is where it gets
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  really, really interesting because now the guy Clive
• 9:04
  Thompson put out, he's a YouTube, he's in London or he's
• 9:08
  in England. He's very smart.
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  He understands these markets. Put out a video that said, well,
• 9:14
  what I heard him say is that the Comex is in big, big trouble.
• 9:19
  We're either, we could either, OK, I'm just giving you my
• 9:23
  speculation, have a short squeeze or this could be real
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  trouble for the Comex because it's super interesting right
• 9:33
  now, right? There's 429.
• 9:38
  Oh, he's in Switzerland. OK, sorry.
• 9:40
  Clive Clyde is in Switzerland right now.
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  There's 429,000,000 oz outstanding on the March
• 9:48
  contract for silver on the COMEX, OK, there's only right
• 9:53
  now about 100 million ounces in the registered category.
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  There's 2 two types of silver that the COMEX holds in their
• 10:02
  vaults. Registered, ineligible, Eligible
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  means nothing. It's claimed by other people, by
• 10:09
  ETS, whatever. It's not available to settle
• 10:12
  contracts. The registered amount is the key
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  amount. That's the amount of silver
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  available to settle contracts when the futures contracts
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  expire, which in this case we're talking about the March
• 10:23
  contract. There's only 100 million oz or
• 10:28
  103 whatever in the vaults right now and there's 429 outstanding
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  futures contracts, 429,000,000 oz guys, not all of those are
• 10:39
  not going to be settled for physical metal are are not going
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  to want delivery. But two important things.
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  What Clive points out that under a very conservative delivery
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  schedule, maybe 20 very conservative best case scenario
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  for the COMEX, maybe 25% of those contracts stand for
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  delivery. That's about the entire amount
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  that they have in their vaults. However, if things are stressed
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  right or if we have a crazy market, and wouldn't you say we
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  got kind of a crazy market, we could have 50% or I think he, he
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  even said up to 70 percent, 70% would be 280 million oz that
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  people say I want my silver and the COMEX is sitting there right
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  now with only 100 million oz, 103 million.
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  But wait, there's more because the amount of silver in the
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  registered ball to the COMEX has been going down for like the
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  last three months. I think it was like 167,000,000
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  back in October and it's been going down, down, down.
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  If it continues to go down throughout the rest of February
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  and into early March before that contract expires, there could be
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  as little as 80 million ounces in the registered category.
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  Again, if only half of those contracts stand for delivery,
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  you're talking 200 million ounces, twice as much as they
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  have in the vaults right now. I don't want to be the doom and
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  gloom. It's speculation, but I think
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  Clive goes way more about this than I do.
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  I understand it, but these guys like Clive and these guys,
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  they're usually in England. They understand way more about
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  the I mean, it makes sense, right?
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  If half the people show up and want their silver, right?
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  There's only half as much available as is would need to be
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  delivered on those contracts. I don't want to be like the sky
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  is falling, but potentially and we're hearing big people talk
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  about this, this could spell big, big, big trouble for the
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  paper markets. But wait, there's more because
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  think about what what's happening in China and this guy
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  beyond with his massive short position in the fact that the
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  Shanghai Futures Exchange, according to the data we just
• 12:54
  saw only has what, 40 million, excuse me, ounces?
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  Does it make sense now why I say, right, that we are probably
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  closer now. And look, you guys have been
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  with me for a while. I don't sit down here and say
• 13:08
  we're gonna have a silver squeeze.
• 13:10
  We're gonna have a but I think we are closer now to the
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  potential for the market breaking potential or for a
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  silver squeeze than any time in the last five years.
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  All right, let's go look at the oh man, it's it's crazy.
• 13:25
  Let's just go look at what the latest data is out of China
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  right now. And we go to our friend, huh,
• 13:33
  our friend, the Shanghai Ghost, right, who provides us this on a
• 13:38
  daily basis. And let's pull this up for those
• 13:41
  of you who are new. This is the Shanghai Gold
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  Exchange and the Shanghai Futures Exchange.
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  The Shanghai Gold Exchange. The SG E is the physical market.
• 13:53
  There's AG. AG is the periodic element table
• 14:00
  symbol for silver. OK, there's the Shanghai Gold
• 14:04
  Exchange. So silver on the Shanghai Gold
• 14:06
  Exchange is selling for $81.00. Let's go look where we are in
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  the United. Well, actually this is London,
• 14:14
  England. This is the spot market and on
• 14:17
  the spot market we are in the West, it's $75.55.
• 14:23
  Back to this, hold on one second, here we go.
• 14:27
  So they still have about a $6 something very that was what's
• 14:31
  happening. Have you noticed that spread
• 14:33
  between Shanghai and the West is narrowing?
• 14:37
  We've talked about this many times.
• 14:39
  That's not because the West is dragging the, the, the, the
• 14:43
  Chinese price down. That's because the Chinese price
• 14:47
  is dragging the Western price up.
• 14:50
  But there's something even more interesting to see what's
• 14:53
  happening, and that is here is the Shanghai Futures Exchange.
• 14:59
  Silver, they called silver there.
• 15:01
  They don't use the symbol on the Shanghai Futures Exchange.
• 15:04
  Their market is now in a healthy state of contango, which means
• 15:10
  the that's the normal state that the market should be in.
• 15:12
  The futures price should be much higher than the spot price, OK.
• 15:17
  And that again leads. So that that indicates to us
• 15:20
  that their market is in a much healthier state and their market
• 15:24
  is setting the price of silver because when we go out and look
• 15:30
  as of a few minutes ago before I came on again, spot price 7632
• 15:36
  in the West. What about the futures price?
• 15:40
  The future silver's price right here is 7548.
• 15:44
  The futures price is lower in the West than the spot price.
• 15:49
  That my friends, is what is called backwardation.
• 15:52
  That is an unhealthy market. All right.
• 15:55
  Most healthy commodity markets are going to be in a state of
• 15:57
  contango where the futures price is higher.
• 15:59
  Right now in the West, we are backward dated.
• 16:02
  We're doing the backwardation dance, which means people are
• 16:05
  willing to pay more to get their hands on physical silver now
• 16:10
  then they will, then they want to pay for it in the future.
• 16:13
  And some people speculate that the reason behind that may be
• 16:18
  that there's a rush for physical silver.
• 16:21
  And then possibly, just possibly think about what we just talked
• 16:25
  about. There's some concern about the
• 16:28
  futures markets actually being able to deliver that silver.
• 16:32
  That's when you get into a state of backwardation.
• 16:36
  So remember the Chinese market healthy, right, contango, the
• 16:43
  spread narrowing, the US Western market, London, the United
• 16:47
  States backward dated, a little screwed up, right?
• 16:51
  You know what's going on with the refiners in the market are
• 16:53
  all that. We won't even go down that path.
• 16:56
  I believe we are closer right now to a, to a, to a silver
• 16:59
  squeeze than anytime in the last five years.
• 17:01
  Not remember. Okay, I'm the same guy who sat
• 17:05
  down here, right, and had an $85 silver bear that people said
• 17:09
  would never get unblindfolded. Oh, oh, there he is right there,
• 17:13
  old Smitty, when his blindfolds off.
• 17:15
  He's not putting it back on. I also stated months and months
• 17:19
  ago when silver was in the mid 30s that I, and I was wrong and
• 17:23
  I need to, I apologize to you. I was wrong, OK?
• 17:27
  Because back last year in September and October, I sat
• 17:31
  down here and predicted many times that the price of silver
• 17:35
  would be $65 or higher by April Fool's Day 2026.
• 17:43
  And so just consider that I'm not always right, OK?
• 17:47
  But sometimes I am. And maybe 5863% I think we're
• 17:53
  closer. The big take away, when you look
• 17:54
  at what's going on in China, you look at what's going on in the
• 17:57
  West, you look at what's going on in the world, the
• 18:00
  fundamentals behind silver, that we are closer to a silver
• 18:03
  squeeze now than anytime in the last five, I'd say even 50 years
• 18:07
  at this point. And on that note, I do want to
• 18:10
  to say thank you to wrong Hand. Wrong hand.
• 18:13
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• 18:16
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• 18:19
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• 18:24
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  here at first mint.com. Let's pull that up.
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  Here we go. And they do have a a discount
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• 19:18
  All right, let's get back here. Woof, if you ever experienced a
• 19:22
  time in your life like this with the precious metals, I haven't.
• 19:26
  I know a lot of you are kind of experiencing the same thing.
• 19:30
  The paper illusion is breaking. Let's go for the latest.
• 19:34
  It's almost becoming a daily feature for us down here in the
• 19:36
  basement from the silver billionaire.
• 19:41
  Mr. Bateman had this to say. The paper silver is becoming
• 19:46
  worthless. Remember what we just talked
• 19:48
  about with the COMEX and the and the and the Shanghai futures
• 19:51
  Exchange? That's the the Shanghai futures
• 19:54
  exchange is the paper market in China.
• 19:57
  The futures exchange. It's becoming worthless as
• 20:01
  physical silver is becoming priceless.
• 20:04
  The illusion equals physical is about to break.
• 20:08
  The rabbit will never go back in.
• 20:11
  The hat and we talked about this all the time and now we got more
• 20:15
  to talk about about the Comex X. But guys, we are
• 20:19
  congratulations. We are truly in a new paradigm
• 20:22
  for the world of precious metals.
• 20:25
  I've got 2 super smart guys that both live in the Carolinas.
• 20:28
  One's a retired dentist, one's a retired architect.
• 20:31
  These guys are smart. They've been studying silver and
• 20:34
  gold for decades. OK.
• 20:37
  They both, coincidentally they don't even know each other, sent
• 20:40
  me messages last night and this morning essentially saying the
• 20:43
  same thing. Like I'm not worried about
• 20:46
  anything with silver and gold like we have.
• 20:48
  We have crossed the Rubicon. We have experienced the
• 20:53
  watershed moment. We are in a new paradigm when it
• 20:56
  comes to these metals. OK, it's, it's a, it's a, it's,
• 21:00
  it's, it's been decades and decades and I think it's just
• 21:04
  sinking in for a lot of us that have been here.
• 21:06
  But it is happening. It is happening right now.
• 21:09
  Now we got more interesting data out of the Comex and about the
• 21:13
  circuit Breakers, right? We're going to learn about that
• 21:16
  as well. It's very, very interesting when
• 21:18
  silver drops, right, when they shut the market off, what we're
• 21:22
  going to learn why and when that happens in some speculation in
• 21:26
  that regard as well. Before I do that, thank you to
• 21:29
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  as well. But what's exciting is they're
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  working these projects through the development stage and big,
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  big gold development stage projects in very strong
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  jurisdictions are very difficult to find.
• 22:01
  youcanlearnmoreaboutfirstmininggold@firstmininggold.com. Did you hear the news yesterday?
• 22:08
  The Comex, remember when this used to be a big deal, those,
• 22:11
  those people at the Comex, they raised margin requirements
• 22:15
  again. Remember that used to throw that
• 22:16
  was their old trick for tamping down the silver and the gold
• 22:21
  price. They would raise margins, raise
• 22:23
  margins and it was a big smokescreen.
• 22:25
  But in the past it was more effective.
• 22:28
  It's losing its its potency at this point and people are
• 22:35
  wondering, you know, what's going to happen.
• 22:37
  It starts on Monday. I think it's turned into
• 22:41
  essentially a nothing burger, but we'll see how the market
• 22:45
  reacts on Monday. But what about the 10% of of the
• 22:48
  circuit Breakers on the Comex? Man, there's so much.
• 22:51
  I'm sorry I'm getting frazzled, guys.
• 22:53
  There's so much happening and so much to talk about.
• 22:57
  We are truly going through incredible times.
• 23:00
  But let's look at the circuit Breakers.
• 23:02
  Rob Keynes, who's somebody who's well respected and I think super
• 23:06
  highly of in the precious metal sectors brought this up
• 23:09
  yesterday. Silver crashing to $50 support,
• 23:13
  right? Last night was crazy.
• 23:14
  And silver, no data from the CME Group on today's trading action.
• 23:19
  So of course we have no idea who's doing it and no response
• 23:25
  from them or the CFTC, which is what the commodities and Futures
• 23:30
  Trading Commission on why the daily 10% circuit, circuit
• 23:35
  Breakers are not working. So they have these like circuit
• 23:39
  Breakers in place that are in a lot of the markets.
• 23:42
  The big markets have them, you know the the S&P and all them
• 23:46
  that if the market drops a certain more, we just turn the
• 23:49
  market off, right. But they're not doing that with
• 23:51
  silver. This is very interesting.
• 23:54
  I again, and I want to share this with you, how these circuit
• 23:58
  Breakers work and, and it's a little, it's a little, well,
• 24:03
  let's say I'm a, I'm a bit Oh, curious why they have it set up
• 24:09
  this way. I'll let you decide for
• 24:10
  yourself. It says yes.
• 24:12
  This is from Google AI. The CME Group uses dynamic
• 24:15
  circuit Breakers DCBS for silver futures rather than rather than
• 24:21
  fixed daily price limits. OK, so they're dynamic means
• 24:25
  they're moving how they work. Unlike stock markets that halt
• 24:31
  for the entire day after a specific drop, silver uses a
• 24:36
  rolling window to manage volatility.
• 24:40
  Interesting. A rolling window trigger, here
• 24:44
  you go, trigger. If the price moves ±10% within a
• 24:49
  rolling 60 minute window, that means it's always moving.
• 24:54
  OK. A circuit breaker is triggered.
• 24:57
  So it's not a daily thing. It's if it moves within 10%
• 25:01
  within a 60 minute window, that's always rolling forward.
• 25:06
  That means like it's 10:50 AM central time right now that if
• 25:11
  in the next hour the silver price, and I'm not wanting that
• 25:13
  to happen, were to drop by 10% within the next 60 minutes, they
• 25:18
  would shut off the silver markets.
• 25:20
  But listen to this. The halt trading is typically
• 25:24
  paused for all of two minutes to allow the market to reset, quote
• 25:30
  UN quote. And for those those those
• 25:35
  manipulators from the big bullion banks to to to to reset
• 25:39
  their positions and for liquidity to return the restart
• 25:44
  after the 2 minute pause, the market enters a pre open state
• 25:48
  where orders can be entered but not executed before resuming
• 25:52
  full trading with a new wider price band.
• 25:56
  Which of course benefits the big the big banks.
• 25:59
  Key distinctions. No hard daily limit.
• 26:02
  There's technically no maximum amount that silver can move in a
• 26:06
  day. OK, So that's interesting.
• 26:09
  I think people were they go silver can only go down 10% a
• 26:11
  day. No, because of this rolling
• 26:13
  window, there is no maximum amount that it can move up or
• 26:18
  down in a day. As long as it doesn't move 10%
• 26:21
  too quickly or if it restarts after each two-minute halt, the
• 26:25
  price can continue to climb or fall.
• 26:28
  Then they touch on margin adjustments, which again we just
• 26:32
  had that comes into effect from my understanding not until
• 26:35
  Monday morning or at the end of trading today.
• 26:40
  Margin adjustments, while not a halt, the CME frequently raises
• 26:44
  margin requirements during high volatility to discourage
• 26:48
  excessive speculation, which can indirectly slow down the price
• 26:54
  movement. So super interesting.
• 26:56
  These paper markets, regardless of whether they roll for 60
• 27:00
  minutes or not, are in big trouble.
• 27:03
  Are you ready for a visual that could put your glasses on?
• 27:06
  Because we're going to look at a visual that I believe was
• 27:09
  originally shared by Jesse Colombo from the Bubble Bubble
• 27:13
  Report that shows, hold on here, something very interesting to
• 27:19
  us. OK, Lucas shared this yesterday,
• 27:22
  but the charts from Jesse, it says this is a good reminder of
• 27:26
  how small the physical silver market really is and how easy it
• 27:31
  is to manipulate it. Paper silver to physical ratio
• 27:35
  is about four O 8 to 1. We're going to go get an update
• 27:38
  on that because I think it's dropped a little bit.
• 27:41
  But this visual still absolutely pertains.
• 27:44
  If just .25%, that's one out of 400 of paper silver were settled
• 27:51
  into physical, it would wipe out one year of global silver
• 27:55
  production. But here's what we want to look
• 27:57
  at. And again, this came from Jesse
• 27:59
  Colombo back in 2024. It's the ratio of paper silver
• 28:05
  to physical silver when it was at four O 8 to 1.
• 28:08
  So again, here guys, case you can't see, I know you're a lot
• 28:11
  of you're getting older like me. That Gray area right there, that
• 28:16
  little tiny slice that you're looking at, that's the physical
• 28:20
  silver. All right, one ounce compared to
• 28:23
  all this. Yes, it's true.
• 28:28
  All of this, which is the paper silver.
• 28:32
  Now let's go out to the US debt clock to get an update on this
• 28:36
  because that's where the data was pulled from.
• 28:39
  This is usdebtclock.org. And if we go down here, for some
• 28:44
  reason, my, my crayons don't work usually, yeah, for some
• 28:49
  reason on the right side of the screen.
• 28:50
  But if you look over here, I'll get it on the very bottom, very
• 28:54
  bottom right corner, right down here, paper to silver ratio.
• 28:58
  So it's no longer 400 to 1, but it's still darn near 400 to one.
• 29:02
  We can round up 377 to one. Man, I forgot we got other big
• 29:08
  news. Fort Knox.
• 29:10
  This is crazy, the gold in Fort Knox and the I'll say
• 29:14
  speculation, I'll say rumors. A lot of people will say there's
• 29:18
  much more evidence to corroborate this, but I like the
• 29:21
  error on the side of caution. There's some serious, serious
• 29:27
  allegations, I guess you would say evidence coming up that
• 29:30
  maybe we need to be a little bit concerned as United States
• 29:34
  citizens as to whether or not the goal that's supposedly in
• 29:38
  port is it that is supposedly in Fort Knox, is it actually there?
• 29:43
  OK, why am I saying this? Because there's new Russian
• 29:46
  claims, OK, that they I, that they jailed the head of the IMF
• 29:52
  for discovering that the gold was not in Fort Knox.
• 29:57
  OK, Again, these are reports, and I believe this is coming
• 30:01
  from Russia, OK. And now with the release of
• 30:04
  these Epstein files, apparently there's even more corroborative
• 30:08
  evidence in the Epstein files that that is indeed the case.
• 30:12
  Now, it's also interesting to think about.
• 30:15
  We know these big news stories about what a hard time Germany,
• 30:20
  Germany's, I thought it was like 10 years ago, Germany's been
• 30:23
  trying to get their gold back from the United States for like
• 30:27
  ever in the United States has been dragging their feet.
• 30:30
  You know, that experience you have, I've had it too.
• 30:32
  And somebody's kind of like putting you off.
• 30:34
  They owe you money or something and they're like, come up with.
• 30:37
  Anyway, think about that. And then on top of that,
• 30:40
  somebody else pointed out that President Trump had kind of made
• 30:44
  a promise that he would show some proof that the gold was
• 30:50
  actually in Fort Knox. And we've yet to see that happen
• 30:53
  as well. So again, it's a big story
• 30:56
  that's getting a lot of attention.
• 30:57
  Again, I'm not going to sit here and say and tell you that I
• 31:01
  think, oh, the gold's not I, I hope the gold's in Fort Knox.
• 31:05
  You know, what is it 7000 metric tons or something?
• 31:08
  8000 metric tons. But people are starting to
• 31:12
  really question out loud and and then now this new stuff came out
• 31:17
  from the Epstein files. Apparently it whether or not the
• 31:21
  gold is actually there. Oh, I forgot.
• 31:26
  So when we're dealing with all this craziness in the silver
• 31:29
  market, this is what we look like.
• 31:32
  Here's a great one. Hold on, here we are.
• 31:34
  We pull this up. Monetary Mayhem pointed this out
• 31:39
  when you're still up 344% on, on the silver position that you
• 31:44
  bought a long time ago and you can't be shaken out.
• 31:47
  Is this what? Hold on, sorry.
• 31:49
  Now I got it up. There you are.
• 31:52
  Monetary Mayhem should be on your screen now.
• 31:54
  This is what we are, guys. This is This Is Us in this crazy
• 31:59
  silver market, right? Because we know in the gold
• 32:02
  market what we own. Right there can be storms, there
• 32:11
  can be monsoons all around us and we are just fine.
• 32:16
  All right guys, hey thank you for joining me down here in the
• 32:20
  base. I got a super check.
• 32:22
  Oh, ring the silver belt today ring the silver belt 400 bikes.
• 32:28
  All right, let's get the 400 thumbs up, huh?
• 32:30
  What do you say, basement dwellers?
• 32:32
  Let's do it and I'll ring the the the good luck silver bell.
• 32:36
  I want to run out here and say thank you upstairs Susie.
• 32:39
  Thank you to upstairs Susie for helping and looks like I got a
• 32:43
  super chat from the Aussie Bay fashion.
• 32:46
  The Chinese word for yen means money.
• 32:50
  Oh, the Chinese word silver means money.
• 32:53
  Very interesting point. We talked about that.
• 32:55
  Thank you for the Super chat. Super appreciate it.
• 32:59
  The the that's not just the case in China, and I appreciate you
• 33:02
  pointing that out, but the same word that they use for silver in
• 33:07
  many foreign languages all around the world, the same word
• 33:11
  they use for silver is the same word they use for money, which
• 33:15
  just shows us two things #1 silver has been money longer
• 33:20
  than anything. I got this written down.
• 33:22
  OK, the safe haven for for for the for all time and that it's
• 33:31
  also everywhere. Think about that.
• 33:33
  Silver's been money for thousands of years and it's been
• 33:37
  money everywhere. Let's check in with upstairs
• 33:39
  Susie to see if we got the 400. Did the basement dwellers get us
• 33:43
  to 400? Thumbs up, Susie 480 3483.
• 33:50
  Hey guys, if we get the 500, I'll ring the golden gong for
• 33:53
  US1 more time. That's a supposedly, I don't
• 33:58
  know, silver plated bell. Good luck for the silver market.
• 34:02
  Now upstairs, Susie's going to let me know when we get to 500.
• 34:06
  Hold on one second here we got All right guys, let's ring the
• 34:10
  golden gong. The golden gong.
• 34:14
  No, that's not real gold. OK, but, ah, it's got China 1
• 34:21
  24. I listen to it resonate.
• 34:26
  All right. I love it.
• 34:27
  Hey, super appreciate you being here.
• 34:29
  Please subscribe to the channel, come back to the basement, be
• 34:32
  good to yourself and I will see you.
• 34:35
  Yes, you. Yeah, you're important.
• 34:38
  OK. Again, appreciate you coming
• 34:41
  here. We'll see you next time.
• 34:42
  Bye. Bye.