Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚠️ Precious Metals ⚠️ - Everybody’s Talking About THIS — Silver & Gold Prices Won’t Wait!
Transcript
- 0:01So this guy has $500 million worth of silver and what is he
- 0:06telling us guys? Everybody's talking about how
- 0:09the silver price and the gold price can only go higher and
- 0:13higher from here. We've got so much to cover.
- 0:16There is so much going on about 16 different interesting points
- 0:20we're going to cover today, but let's start by taking a quick
- 0:23look at what is happening right now in the markets because
- 0:27according to Kitco, wow, these are the spot metals prices.
- 0:32We have gold up $52 per oz and silver up $0.50 per oz.
- 0:40But let's go over now and look at this.
- 0:42David Bateman, don't know if you've been following him, but
- 0:45he's, I don't know if he's a billionaire, but he's very, very
- 0:47wealthy. We know that he has at least at
- 0:50minimum over $500 million worth of silver in his stack.
- 0:55Is that bigger than your stack? I'll rescue that.
- 0:58But he has become a big proponent for silver and he, he
- 1:01brought this up over the weekend.
- 1:03Why would you buy a two year treasury bond earning 3.5%
- 1:08interest when you could buy gold at a 35% year to date return.
- 1:12Silver at 40% year to date, year to date return.
- 1:15The world is waking up to the fraud of the Fiat currencies.
- 1:20Central banks are fleeing the dollar.
- 1:23Your broker and your ignorance is the only thing standing
- 1:26between you and generational security.
- 1:29And then he went on to say this, which I thought was a a powerful
- 1:32statement. It says when exposing a crime is
- 1:37treated as committing a crime, you are being ruled by
- 1:42criminals. That's a big blanket statement,
- 1:44I think in general about what is going on out there in the Fiat
- 1:48paper money system. I kind of reworded it a little
- 1:52bit and said, you know, when, when, when you're treated like a
- 1:55fool for exposing the Fiat money system that likely you are being
- 2:01ruled by fools as well. So very interesting.
- 2:04Lobo Tea Gray, There's so much going on.
- 2:07Hey, wait a minute before we do that.
- 2:08We got a lot more to talk about. But the first most important
- 2:11thing is thank you for joining me down here in the basement.
- 2:14You choose to be here. Your time is important.
- 2:16Thank you. Thank you very much.
- 2:18I hope you enjoy your visit to the basement.
- 2:20We love to talk about the precious metals and a few other
- 2:23subjects from time to time, but please come back.
- 2:26Please consider subscribing to the channel.
- 2:29What is going on, though with the average person?
- 2:32Maybe not you, but guys, when the average people join us in
- 2:36the gold and silver world, right?
- 2:38It's gonna be like opening the floodgates.
- 2:41And Lobo Tigray, who's one of the top analysts out there, very
- 2:44well respected, put out this that I think really sums it up.
- 2:48You said, what do you think? Is this where we are or closer
- 2:52to the left or to the right? And this is a, a bar chart that
- 2:56goes between regret and opportunity.
- 2:58That's not us, right? You've already bought some
- 3:01silver, gold and precious metal mining stocks.
- 3:04But there's a lot of people in that range, right, that are
- 3:07feeling some regret right now. But is there still a huge
- 3:12opportunity to come? That's what we need to ask
- 3:14ourselves. And we know, right, that the
- 3:17average American, the average Western investor has still maybe
- 3:23just started to realize what's going on with gold and silver.
- 3:27When we think about silver, do you agree with this that it's
- 3:30almost a psychological thing? I mean, we're flirting with this
- 3:33$4142 level. And there's some people out
- 3:37there that think, well, I'll wait.
- 3:38Like they regret that they haven't bought silver, but I'm
- 3:41going to wait till the price gets to $35 or $30 again.
- 3:46Those are the same people than when it was $30 were telling us
- 3:50I'm going to wait till silver gets back down to $20.
- 3:53OK. But it's a psychological thing
- 3:56that I think once we get into that $4344 per oz for silver,
- 4:02obviously in particular, that that's when they give up.
- 4:05That's when they capitulate on this I'm going to wait
- 4:09mentality. And that's when you go to your
- 4:11local coin shop and you walk in and the and, and the cases are
- 4:16there. There's no silver in there.
- 4:18That has happened several times over the last 10 years.
- 4:22Trust me, I saw it with my own eyes.
- 4:24And you likely did too, right? Imagine walking in to your local
- 4:29coin shop and they don't have anything.
- 4:34I think that's very possible once we get into that 4344
- 4:38range, which I've said all along and I know you've you've
- 4:42probably thought the same thing and other top analysts have said
- 4:46it as well, that the road from 40 to $50 could likely happen
- 4:51much, much quicker than we than we anticipate.
- 4:54And what would be the catalyst for that?
- 4:56Big inflation? And are we headed for big
- 4:58inflation? Thank God we got a lot.
- 5:01Yes, we are doing a repeat of the 1970s, but why is it
- 5:06important that we realize that? Look at this, Remember Marin
- 5:09Catoosa, Hopefully a lot of you remember that guy.
- 5:12I used to follow him closely. He went up, it seemed to me went
- 5:15a little silent. I know he's got a newsletter and
- 5:18all kinds of stuff, but he's he's another one of the smartest
- 5:20minds out there in the commodities of gold and silver
- 5:24sector. And look what he's going to show
- 5:26you right now, which I think is super, super interesting.
- 5:32OK, Marin says we are living through a 1970s style gold boom.
- 5:38And I would say also silver boom.
- 5:40And nobody's noticed. Gold doesn't rally on good news
- 5:44at rallies when empires crack. But look at this guys, we have
- 5:49the 5th best year to date return on the gold price.
- 5:53And you know what happens for gold is good for silver.
- 5:55But all the previous years and look at some of these years,
- 5:59right, 40%, 65, seven, right here we go 67 percent, 72% and
- 6:06127%. And but those are all years in
- 6:11the 1970s. Seventy 273741978 and 1979.
- 6:18But wait, there's more, there's more because we are in a
- 6:22stagflation environment. But on top of that, right, the
- 6:27financial situation that we are in now in the United States, you
- 6:31thought things were bad in the 70s.
- 6:33Well, wake up, boys and girls, because what we have now in the
- 6:37United States from a fiscal perspective, and when we say
- 6:40fiscal, we're referring to the financial condition of our
- 6:44United States government. We don't even need to go look at
- 6:47the US debt clock because we know there's $37 trillion in
- 6:52debt sitting there. Think about that.
- 6:54What happened in the 1970s? Was there anywhere near the
- 6:58level of debt that we have today?
- 7:04Furthermore, geopolitically, yes, the world was screwed up in
- 7:08the 1970s, right? Vietnam, the Middle East.
- 7:12But do you think that the geopolitical situation we have
- 7:15today, look, China, India, Russia, the East, they are
- 7:19changing the world. Do you think that what we have
- 7:22today is as unstable as we had in the 1970s, or would you even
- 7:27go as far to say that it's more unstable?
- 7:31And on top of that, OK, if we circle back to the stagflation
- 7:36argument, a week from Wednesday, right, just what, 11 days from
- 7:41now, roughly, the Federal Reserve is going to cut interest
- 7:45rates. They're saying now there's a
- 7:47100% chance of 1/4 point cut, but it's becoming more and more
- 7:52likely that the cut could be half of half of a percent, 50
- 7:57basis points. OK.
- 7:59And this week we're going to get inflation data, but that's not
- 8:02the point. The point is this.
- 8:05We are in a situation right now where the Federal Reserve is
- 8:09going to be cutting interest rates while inflation is already
- 8:14going higher. And we haven't really felt the
- 8:18effect of the Trump tariffs. We could be six months a year
- 8:23from now in a almost hyperinflationary environment.
- 8:28But what that proves that the Fed is going to be cutting rates
- 8:31while inflation is already high, undeniably, is that we are in a
- 8:37stagflation environment because we know what's happening out
- 8:41there in the economy. We're going to touch on that.
- 8:43We got some shocking news. So, guys, buckle up, OK?
- 8:47Buckle up. I know it's exciting.
- 8:49It can also be a little bit scary as well.
- 8:52Let's go look at some charts. Our friend Jesse Colombo, I
- 8:56think he somebody said, he said something nice about us, about
- 8:59me, about us basement dwellers. He's one of the top and this was
- 9:03in a recent free part from his bubble bubble report, which is
- 9:08his sub stack that has over 10,000 subscribers.
- 9:11That speaks for itself. He's putting out, I think some
- 9:14of the best charts out there. Talking about the gold breakout.
- 9:18I guess I should read the title to you.
- 9:20A look at gold's big breakout in multiple currencies and here we
- 9:23go get ready speed charts. OK.
- 9:26This is the gold futures. There's the there's the triangle
- 9:30that we've talked about over and over.
- 9:32Yes, we broke out. That's the futures.
- 9:35Let's go look at the spot. Yeah, gold spot broke out as
- 9:40well. Same triangle.
- 9:42Let's go down here and look at this is in world currency units.
- 9:46This is gold priced kind of in a in a unit that that takes into
- 9:51account all the world's gold currencies.
- 9:53Do you see a breakout in gold? Yes.
- 9:56And finally, for your viewing pleasure, this I believe is the
- 10:00euro. Yeah, the euro.
- 10:02It broke out there as well. So everywhere we look and it's
- 10:06breaking out guys in on good volume as well.
- 10:10We are seeing breakouts. Thank you, Jesse.
- 10:12Don't forget guys, he's got the bubble bubble substack you can
- 10:16check out as well. What else is going on in the
- 10:18world of gold? Let's take a look at what the
- 10:21Oriental ghost broke for us recently, OK and 60,000 oz.
- 10:28Today, the PBOC, that's the People's Bank of China, released
- 10:33its August gold reserve data, increasing its holdings by a
- 10:37measly almost 2 tons, marking the 10th consecutive month of
- 10:44increasing its gold holdings. OK, every man, just a quick
- 10:51question, are you feeling it like from every direction when
- 10:55it comes to silver, when it comes to gold that we have
- 10:58absolutely moved into a new paradigm?
- 11:01Look, I don't say that lightly. I've been following the sector
- 11:04for decades, OK? And three years, four years ago,
- 11:08we I was very transparent and honest with you guys.
- 11:11We were facing major headwinds. We would celebrate that.
- 11:15I thought the gold and silver relative to those headwinds was
- 11:19performing very well. But now I can confidently say,
- 11:22look, I don't have a crystal ball, don't make any financial
- 11:25decisions based on what I say. I share with you my truth.
- 11:29But I can tell you right now that we are we've had a paradigm
- 11:32shift. We are no longer facing
- 11:35headwinds when it comes to gold and silver, although gold and
- 11:38silver did very well during those headwinds.
- 11:41Now we have the winds in our sail.
- 11:43Is it perfect? No, but there's been a material
- 11:47recognizable shift in the supporting factory for the gold
- 11:51price and silver price as we go forward.
- 11:54And it hasn't really even the exciting part is that it hasn't
- 12:00really even been recognized by the general public, by the by
- 12:05the generalist investors, the physical metals, silver and gold
- 12:10or the mining stocks, right by the sheeple who are too busy
- 12:14watching the cable news network or Fox News or MSNBC all day
- 12:19long. Don't realize I'm I'm not
- 12:21putting anybody down. I watch some of that myself.
- 12:24But a lot of people don't go beyond that.
- 12:27Don't dig a little deeper like you did over the last.
- 12:30Maybe you're new, but a lot of you have been been looking into
- 12:33this for years and decades, like myself.
- 12:36You aren't one of the sheeple. OK, let's look at some data that
- 12:42tells us just how early we are in this move.
- 12:48This comes from the hedgeless horseman.
- 12:50He says, mother of God, this is a very important ratio for us to
- 12:56look at. This is the S&P 500 to
- 12:59commodities index ratio. So that compares the S&P 500
- 13:05level with the overall commodity level.
- 13:08As that goes higher and higher, like look at how high it's
- 13:12already circled in red for us that it is right now.
- 13:15That means that the S&P 500 is way overpriced when it comes to
- 13:20commodities. Of course, that includes gold
- 13:23and silver. Look down here, I mean, we're
- 13:25near 300, whereas we're higher. We're actually higher than we
- 13:30were during the tech bubble. I want to Draw Something on
- 13:32here. This is super exciting for
- 13:35silver and gold investors. We'll draw on this color.
- 13:37Here's the tech bubble right here.
- 13:39OK, Look how high we were, not even as high as we are right
- 13:44now, OK? But look at how when this ratio
- 13:47goes down, that means gold and silver are going up.
- 13:53And that's what happened from 2001 through 2011, you know,
- 13:58right. You know that silver for
- 14:00instance, went during that 10 year period from being under $5
- 14:04per oz to over $50 per oz. And look, I mean incredible that
- 14:10happened during this period right here, OK, $5 to $50.00.
- 14:15But look where we are now. We are, where are we, man?
- 14:21I don't even know what does it say on here where it is, Are we
- 14:24above 300 anyway? We'll just conservatively say
- 14:28that we're at 300 now. And we really like did a quick
- 14:32peek at 2:50. I mean, it's, it's absolutely
- 14:36crazy where that can go. That's looking more at the
- 14:40physical side. When we look at the mining
- 14:42sector, look at this, right. I mean, what does this tell us
- 14:45mining industry as a percentage of global equities, Sorry, I got
- 14:52to draw. We'll use red this time.
- 14:53We are at record lows, OK, today we are at 1%.
- 15:00Can you see that little yellow bar down there?
- 15:03All right. That represents how big the
- 15:06mining sector is compared to the entire market of global
- 15:11equities. If we just got back, I mean,
- 15:14guys, look at this, I would say conservatively around 6% is the
- 15:19average over the last what, 100 years, 120 years?
- 15:25And that would be 6 times more money coming into the mining
- 15:29sector. I mean, it could be it.
- 15:31It truly is what Doug Casey talks about a scenario where
- 15:36where it would be like trying to drain Hoover Dam with a garden
- 15:39hose and it's absolutely incredible and they are just
- 15:43starting to get attracted. Let's go out and take a look at
- 15:46this one. You don't want to look at me too
- 15:47much. Anyway, I had a lot to share
- 15:49with you guys today. OK here.
- 15:52Great point from 10. OK gold and silver.
- 15:58Most producers are up just 100 to 200% or more.
- 16:03Juniors are just starting to catch attention to catch a bid.
- 16:07We're still in the stealth phase of this bull market.
- 16:10The stealth phase is where 200 to 300% is the gift for being
- 16:15early. The real move begins after that.
- 16:18Another, another 5X move takes hold after the stealth phase.
- 16:24We are so early right now whether I mean, you know, gold,
- 16:27the gold price, right? I mean, look it's up.
- 16:30Maybe I would say in gold we might be in the 3rd or 4th
- 16:33inning, silver, maybe the second inning, the mining stocks at
- 16:37most, right, the maybe the third inning.
- 16:40But if you look at the producers and a lot of the Explorers, I
- 16:43think it's easier to say that potentially don't make any
- 16:46financial decisions. We are in early, early innings.
- 16:50The future could be unbelievable.
- 16:52I do want to say thank you Speaking of of gold mining
- 16:56companies, the first mining gold, they're a development
- 16:58stage company, 2 huge projects in Canada, spring pull in
- 17:02Ontario, Dupar K in Quebec. They have millions of Oz of gold
- 17:06in the ground. They're working through the
- 17:08development phase. They actually had some great
- 17:10news out this morning regarding their Dupar K project up in
- 17:14Quebec. You can check that out at
- 17:16firstmininggold.com. OK, wow, what?
- 17:19What's next? OK there money rushing.
- 17:22This is interesting. This shows us that it is
- 17:25starting and this means what this means, right as if you hold
- 17:31gold and silver or precious metal mining stocks right now,
- 17:34you are absolutely early. This comes from the Kobesi
- 17:38letter. Gold miners are skyrocketing.
- 17:41The gold Miner ETFGDX attracted $531 million in net inflows in
- 17:47August, the most since August. November of 23 Last week alone,
- 17:53investors bought almost 4 billion in gold linked ETF.
- 17:58Now I believe that would include the gold mining ETF, but also
- 18:04right but also things like GLD that supposedly invest that
- 18:09money back into physical gold, marking the largest inflow since
- 18:13April year to date, the largest gold miners ETF has rallied 95%,
- 18:18well above gold's gain of 35%. At the same time, Newmont, the
- 18:23only gold miner in the the S&P 500 is up 100%.
- 18:27So we are seeing the generalist investors come into the precious
- 18:31metals sector again. Why is that important?
- 18:34Let me tell you a happy story, give you the reason why, because
- 18:39us that are early in the precious metals sector
- 18:42investing, right. We are part of a very elite
- 18:45small crowd. I used to say we were like the
- 18:47Navy Seals overhanging out in the corner.
- 18:50Over the last years, yes, there's been a little bit of
- 18:53light showing on us now, but we still are benefiting from a very
- 18:58powerful force. And that is the law of small
- 19:01numbers. No matter how you want to slice
- 19:04it or dice it, quantify it, look at it, the amount of money and
- 19:08the number of people that are in the precious metal sector still
- 19:12even right now, right, even though we've had some
- 19:15improvement is so small. And the powerful thing, right,
- 19:20is that it's so much easier to have massive increase increases
- 19:24from a small number, right? It's a lot easier to go from 1%
- 19:29of money being in the, in the mining sector to 5% than it is
- 19:35to go from 10% to 50%. I hope that makes sense.
- 19:40Again, I'm not a financial advisor, don't make any
- 19:43financial decisions based on what I'm saying.
- 19:46But I know that to be my truth. And I think a lot of you know
- 19:49that absolutely to be your truth as well.
- 19:53By the way guys is if you do want to buy some physical
- 19:56silver, I want to say thank you to channel sponsor First Mint.
- 20:01They generously help support the Ron's basement gold and silver.
- 20:06Content OK, First Mint is owned by First Majestic Silver.
- 20:11That's the company run by CEO Keith Neumeyer.
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- 20:19first Majestic mines in Mexico. It gets shipped to 1st Mint in
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- 20:51them out. Thank you very much.
- 20:54Look what's going to cause big capital rotation into the
- 21:00precious metals and into the mining stocks, OK, think about
- 21:03it. When the world, when the world
- 21:05wakes up to what's going on in the economy, stagflation, what
- 21:09we are experiencing right now, what are people?
- 21:13I'm going to ask you a question. What are people going to do with
- 21:16their money if the NASDAC starts crashing, right, right.
- 21:20Just saying, if it did, if the S&P starts crashing, where are
- 21:24people going to go with all that money?
- 21:27Are they going to go into bonds? No, because the bond market is a
- 21:31mess. Anybody in their brother knows
- 21:34that loaning money to the US government for 30 years probably
- 21:38is not a real attractive option. OK, probably not.
- 21:43People aren't going to be running to bonds.
- 21:45People probably. Are they going to run to real
- 21:47estate? That's kind of in a bubble as
- 21:49well. Are they going to run to other
- 21:51stocks? No.
- 21:53Right. We could be in a situation where
- 21:55the only thing left on on the menu that looks very attractive
- 22:00is going to be precious metals and the precious metal mining
- 22:04stocks. Two things to prove this point.
- 22:07From O 1 to 2011, after the tech bubble burst, gold and silver
- 22:14went on a magnificent price run because people didn't want to
- 22:18buy tech stocks then. OK, the other thing to remember
- 22:22is it even during the Great Depression, some of the gold
- 22:25mining stocks, when the other stocks just cratered, lost 9095%
- 22:30of their value. Some of the gold mining stocks
- 22:33did very, very well. So remember that as we head into
- 22:37what could be kind of a tumultuous experience going for
- 22:42in the general economy, the gold and silver, yeah, they may get
- 22:46hit. A lot of people say, oh, it has
- 22:48to go down because look what happened in O 8.
- 22:50But there's also been numerous times in the past where there
- 22:53were major market issues, gold and silver and the mining stocks
- 22:58continue to do well. And what do we know is going on
- 23:01out there and that we know we have big inflation.
- 23:03We know interest rate cuts are are going to shoot inflation
- 23:06higher, but what do we know? I have one short video I want to
- 23:10going to show you that I think demonstrates, and this is what
- 23:12I've been hearing from my contacts as well.
- 23:14I've been sharing this with you that the economy, the job market
- 23:18is in bad, bad, I mean bad shape.
- 23:22Listen to what this recruiter, this is less than a minute long,
- 23:25had to say about her experience regarding what is happening
- 23:29right now out there in the economy.
- 23:33Here we go. I'm a recruiter and I work in
- 23:36the life sciences industry. I posted a position yesterday on
- 23:40LinkedIn for a data scientist role.
- 23:43The roles remote, it filters out anyone that doesn't live in the
- 23:46US, has knockout questions for people just to make sure that
- 23:50they need the qualifications for the role.
- 23:52So active applications. I log in today over 600.
- 23:57Taking a look through all of the applications, every single
- 24:00person is qualified. I have to go through and reject
- 24:05over 600 people for a job that these people probably well
- 24:09deserve because our market is crashing.
- 24:13I've never seen anything like this in the 11 years that I've
- 24:15been recruiting. The job market is awful right
- 24:18now. OK, four things we want to talk
- 24:22about. Hold on here and a little tech
- 24:25blip. Hold on, are you there?
- 24:28Hopefully you guys are still there.
- 24:29Four things important in what she said that are raising major
- 24:33red flags about what's happening in the economy right now.
- 24:38OK, number one, that's in the life sciences industry, which is
- 24:43supposed to be in an industry, right?
- 24:46That is kind of insulated from other, you know, it's not as
- 24:49volatile of an industry. This is a job for a data
- 24:53scientist you would think, right?
- 24:55That's tech, right? Data scientist have more jobs
- 24:58than you know. If you're a data scientist, you
- 25:00should just be able to post your job your your your resume on
- 25:04LinkedIn and get 50 job order job offers by Friday.
- 25:07No 600 people data scientist applied for this one job in a
- 25:12very short period of time. The tech field is slowing down
- 25:16precipitously. It was a remote job, OK And she
- 25:22got 600 applicants, 600 qualified applicants, not
- 25:29people. She said right there were they
- 25:31called knockout questions, meaning it filtered out the
- 25:34people and she said it herself, 600 applicants.
- 25:38I can tell you right. I worked in the executive
- 25:40recruiting field for a number of years, own my own business.
- 25:44I still talk to people in that field.
- 25:46Let me tell you something interesting about working in
- 25:49that executive recruiting field. You get a feel for when the
- 25:52economy is slowing down before a lot of other people because
- 25:56companies start to pull back. All of my contacts are saying
- 26:00the same thing. They're like, we don't know what
- 26:02happened. But over the last six weeks, 8
- 26:05weeks, right, the, the, the job market has gone through a major
- 26:09shift. And let's just say it's not a
- 26:12shift that's going to result in a lot of hiring going on as we
- 26:16go down the road. I don't want to be the, you
- 26:18know, town crier guys, but I really feel like we are in a
- 26:22situation where we're going to be hitting some very
- 26:26challenging, let's say economic times.
- 26:29The only and but here's what's going to happen.
- 26:31The only thing they can do and think about the the the
- 26:34administration that we have in Washington who's already
- 26:37telegraphed this. The only thing they're going to
- 26:39be able to do is liquidate, open the printing press floodgates
- 26:43and that will only serve the Dr. inflation higher, like we talked
- 26:49about three times higher, right? But also the price of gold and
- 26:52silver and I believe, right, the price of the precious metal
- 26:56mining stocks as well. What does the smartest guy in
- 26:59the room say? Somebody who's respected as much
- 27:03or more than anyone else in the precious metal sector.
- 27:06That's Ross Beatty, right? He's the current chairman of
- 27:10Equinox Gold. Excuse me, It's a little
- 27:15allergies. He's had a tremendous career.
- 27:18He's somebody that everybody looks up to.
- 27:21I was listening to him talk last night and he's very humble, but
- 27:24he was basically saying hold on, right?
- 27:26He said the same thing. I don't have a crystal ball, but
- 27:29hold on because we got good times ahead.
- 27:32But he also brought up a very pertinent point.
- 27:35He said, I listen to the smartest guys in the room and he
- 27:39mentioned a couple people that are very favorable on the
- 27:42precious metals right now, right?
- 27:44He talked about John Paulson being and very, very positive on
- 27:48the metals. Ray Dalio, founder of the
- 27:50world's biggest hedge fund, is talking all the time about
- 27:54protecting yourself with gold. OK, Stanley Druckenmiller.
- 27:59These are the billionaires, right?
- 28:00These are the smartest guys in the room.
- 28:02We also started this whole live stream by talking about what?
- 28:07Where? Where is he?
- 28:07David Bateman, guys. David Bateman has over $500
- 28:14million worth of silver. OK Stanley Druckenmiller, Hank
- 28:22Paulson. John Paulson.
- 28:24Sorry, Ray Dalio, Ross Beatty. These people know what is
- 28:31coming. Listen to what Bateman said.
- 28:34Think about it. I ask you a question.
- 28:36If you had 100,000 U.S. dollars, 100,000 in your bank account,
- 28:40your checking account, and you had a choice, right?
- 28:43Are you going to buy a 30 year U.S.
- 28:46Treasury note? Are you going to loan the US
- 28:48government your $100,000 for 30 years with the promise that
- 28:55you're going to get 4.8% interest per year?
- 28:58I mean, that doesn't sound so bad, right?
- 29:00Sorry, I got AI itch that doesn't stop.
- 29:04But think about what we know is unfortunately going to happen to
- 29:09the value of the US dollar. So are you going to take that
- 29:12100,000? And this is the question that
- 29:15the Chinese government, the Saudi government, the Japanese
- 29:18government, people all around the world are being faced with.
- 29:22Are we going to loan that money to the United States government
- 29:25trusting I'm sure you'll get paid back, but what will it be
- 29:29worth? Or there's another option, would
- 29:33you take that 100,000 and move it into precious metals,
- 29:37precious metals, equities? I think it's a real for me,
- 29:41right? And again, I'm not a financial
- 29:43advisor. Don't buy or sell anything or do
- 29:45anything along those lines. It's a real easy question to
- 29:49answer. And when you think about the
- 29:50next 30 years, OK, the next 10 years, the next five years, you
- 29:57have to just ask yourself, what do you feel more comfortable
- 29:59holding precious metals or U.S. dollars, even some of the
- 30:05cryptos, Right? I mean, to me, the answer is
- 30:09really clear. Hey, thank you for joining me.
- 30:11Let's check in with upstairs Susie real quick.
- 30:13Make sure we didn't miss anything.
- 30:15Upstairs. Susie, are you there?
- 30:17Over. OK.
- 30:24I don't think she's there. We got some stuff going on.
- 30:27Well, hold on one second. Hold on, guys, One second.
- 30:33OK. Thank you.
- 30:34Thank you. OK, she's got to run out.
- 30:36All right, guys, thanks for being here.
- 30:38We got 100 thumbs up. Don't forget, subscribe to the
- 30:41channel, take care of yourself and I will see you soon.
- 30:44Thank you.