Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⚠️ Precious Metals ⚠️ - Everybody’s Talking About THIS — Silver & Gold Prices Won’t Wait!

Transcript

⚠️ Precious Metals ⚠️ - Everybody’s Talking About THIS — Silver & Gold Prices Won’t Wait! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
So this guy has $500 million worth of silver and what is he
0:06
telling us guys? Everybody's talking about how
0:09
the silver price and the gold price can only go higher and
0:13
higher from here. We've got so much to cover.
0:16
There is so much going on about 16 different interesting points
0:20
we're going to cover today, but let's start by taking a quick
0:23
look at what is happening right now in the markets because
0:27
according to Kitco, wow, these are the spot metals prices.
0:32
We have gold up $52 per oz and silver up $0.50 per oz.
0:40
But let's go over now and look at this.
0:42
David Bateman, don't know if you've been following him, but
0:45
he's, I don't know if he's a billionaire, but he's very, very
0:47
wealthy. We know that he has at least at
0:50
minimum over $500 million worth of silver in his stack.
0:55
Is that bigger than your stack? I'll rescue that.
0:58
But he has become a big proponent for silver and he, he
1:01
brought this up over the weekend.
1:03
Why would you buy a two year treasury bond earning 3.5%
1:08
interest when you could buy gold at a 35% year to date return.
1:12
Silver at 40% year to date, year to date return.
1:15
The world is waking up to the fraud of the Fiat currencies.
1:20
Central banks are fleeing the dollar.
1:23
Your broker and your ignorance is the only thing standing
1:26
between you and generational security.
1:29
And then he went on to say this, which I thought was a a powerful
1:32
statement. It says when exposing a crime is
1:37
treated as committing a crime, you are being ruled by
1:42
criminals. That's a big blanket statement,
1:44
I think in general about what is going on out there in the Fiat
1:48
paper money system. I kind of reworded it a little
1:52
bit and said, you know, when, when, when you're treated like a
1:55
fool for exposing the Fiat money system that likely you are being
2:01
ruled by fools as well. So very interesting.
2:04
Lobo Tea Gray, There's so much going on.
2:07
Hey, wait a minute before we do that.
2:08
We got a lot more to talk about. But the first most important
2:11
thing is thank you for joining me down here in the basement.
2:14
You choose to be here. Your time is important.
2:16
Thank you. Thank you very much.
2:18
I hope you enjoy your visit to the basement.
2:20
We love to talk about the precious metals and a few other
2:23
subjects from time to time, but please come back.
2:26
Please consider subscribing to the channel.
2:29
What is going on, though with the average person?
2:32
Maybe not you, but guys, when the average people join us in
2:36
the gold and silver world, right?
2:38
It's gonna be like opening the floodgates.
2:41
And Lobo Tigray, who's one of the top analysts out there, very
2:44
well respected, put out this that I think really sums it up.
2:48
You said, what do you think? Is this where we are or closer
2:52
to the left or to the right? And this is a, a bar chart that
2:56
goes between regret and opportunity.
2:58
That's not us, right? You've already bought some
3:01
silver, gold and precious metal mining stocks.
3:04
But there's a lot of people in that range, right, that are
3:07
feeling some regret right now. But is there still a huge
3:12
opportunity to come? That's what we need to ask
3:14
ourselves. And we know, right, that the
3:17
average American, the average Western investor has still maybe
3:23
just started to realize what's going on with gold and silver.
3:27
When we think about silver, do you agree with this that it's
3:30
almost a psychological thing? I mean, we're flirting with this
3:33
$4142 level. And there's some people out
3:37
there that think, well, I'll wait.
3:38
Like they regret that they haven't bought silver, but I'm
3:41
going to wait till the price gets to $35 or $30 again.
3:46
Those are the same people than when it was $30 were telling us
3:50
I'm going to wait till silver gets back down to $20.
3:53
OK. But it's a psychological thing
3:56
that I think once we get into that $4344 per oz for silver,
4:02
obviously in particular, that that's when they give up.
4:05
That's when they capitulate on this I'm going to wait
4:09
mentality. And that's when you go to your
4:11
local coin shop and you walk in and the and, and the cases are
4:16
there. There's no silver in there.
4:18
That has happened several times over the last 10 years.
4:22
Trust me, I saw it with my own eyes.
4:24
And you likely did too, right? Imagine walking in to your local
4:29
coin shop and they don't have anything.
4:34
I think that's very possible once we get into that 4344
4:38
range, which I've said all along and I know you've you've
4:42
probably thought the same thing and other top analysts have said
4:46
it as well, that the road from 40 to $50 could likely happen
4:51
much, much quicker than we than we anticipate.
4:54
And what would be the catalyst for that?
4:56
Big inflation? And are we headed for big
4:58
inflation? Thank God we got a lot.
5:01
Yes, we are doing a repeat of the 1970s, but why is it
5:06
important that we realize that? Look at this, Remember Marin
5:09
Catoosa, Hopefully a lot of you remember that guy.
5:12
I used to follow him closely. He went up, it seemed to me went
5:15
a little silent. I know he's got a newsletter and
5:18
all kinds of stuff, but he's he's another one of the smartest
5:20
minds out there in the commodities of gold and silver
5:24
sector. And look what he's going to show
5:26
you right now, which I think is super, super interesting.
5:32
OK, Marin says we are living through a 1970s style gold boom.
5:38
And I would say also silver boom.
5:40
And nobody's noticed. Gold doesn't rally on good news
5:44
at rallies when empires crack. But look at this guys, we have
5:49
the 5th best year to date return on the gold price.
5:53
And you know what happens for gold is good for silver.
5:55
But all the previous years and look at some of these years,
5:59
right, 40%, 65, seven, right here we go 67 percent, 72% and
6:06
127%. And but those are all years in
6:11
the 1970s. Seventy 273741978 and 1979.
6:18
But wait, there's more, there's more because we are in a
6:22
stagflation environment. But on top of that, right, the
6:27
financial situation that we are in now in the United States, you
6:31
thought things were bad in the 70s.
6:33
Well, wake up, boys and girls, because what we have now in the
6:37
United States from a fiscal perspective, and when we say
6:40
fiscal, we're referring to the financial condition of our
6:44
United States government. We don't even need to go look at
6:47
the US debt clock because we know there's $37 trillion in
6:52
debt sitting there. Think about that.
6:54
What happened in the 1970s? Was there anywhere near the
6:58
level of debt that we have today?
7:04
Furthermore, geopolitically, yes, the world was screwed up in
7:08
the 1970s, right? Vietnam, the Middle East.
7:12
But do you think that the geopolitical situation we have
7:15
today, look, China, India, Russia, the East, they are
7:19
changing the world. Do you think that what we have
7:22
today is as unstable as we had in the 1970s, or would you even
7:27
go as far to say that it's more unstable?
7:31
And on top of that, OK, if we circle back to the stagflation
7:36
argument, a week from Wednesday, right, just what, 11 days from
7:41
now, roughly, the Federal Reserve is going to cut interest
7:45
rates. They're saying now there's a
7:47
100% chance of 1/4 point cut, but it's becoming more and more
7:52
likely that the cut could be half of half of a percent, 50
7:57
basis points. OK.
7:59
And this week we're going to get inflation data, but that's not
8:02
the point. The point is this.
8:05
We are in a situation right now where the Federal Reserve is
8:09
going to be cutting interest rates while inflation is already
8:14
going higher. And we haven't really felt the
8:18
effect of the Trump tariffs. We could be six months a year
8:23
from now in a almost hyperinflationary environment.
8:28
But what that proves that the Fed is going to be cutting rates
8:31
while inflation is already high, undeniably, is that we are in a
8:37
stagflation environment because we know what's happening out
8:41
there in the economy. We're going to touch on that.
8:43
We got some shocking news. So, guys, buckle up, OK?
8:47
Buckle up. I know it's exciting.
8:49
It can also be a little bit scary as well.
8:52
Let's go look at some charts. Our friend Jesse Colombo, I
8:56
think he somebody said, he said something nice about us, about
8:59
me, about us basement dwellers. He's one of the top and this was
9:03
in a recent free part from his bubble bubble report, which is
9:08
his sub stack that has over 10,000 subscribers.
9:11
That speaks for itself. He's putting out, I think some
9:14
of the best charts out there. Talking about the gold breakout.
9:18
I guess I should read the title to you.
9:20
A look at gold's big breakout in multiple currencies and here we
9:23
go get ready speed charts. OK.
9:26
This is the gold futures. There's the there's the triangle
9:30
that we've talked about over and over.
9:32
Yes, we broke out. That's the futures.
9:35
Let's go look at the spot. Yeah, gold spot broke out as
9:40
well. Same triangle.
9:42
Let's go down here and look at this is in world currency units.
9:46
This is gold priced kind of in a in a unit that that takes into
9:51
account all the world's gold currencies.
9:53
Do you see a breakout in gold? Yes.
9:56
And finally, for your viewing pleasure, this I believe is the
10:00
euro. Yeah, the euro.
10:02
It broke out there as well. So everywhere we look and it's
10:06
breaking out guys in on good volume as well.
10:10
We are seeing breakouts. Thank you, Jesse.
10:12
Don't forget guys, he's got the bubble bubble substack you can
10:16
check out as well. What else is going on in the
10:18
world of gold? Let's take a look at what the
10:21
Oriental ghost broke for us recently, OK and 60,000 oz.
10:28
Today, the PBOC, that's the People's Bank of China, released
10:33
its August gold reserve data, increasing its holdings by a
10:37
measly almost 2 tons, marking the 10th consecutive month of
10:44
increasing its gold holdings. OK, every man, just a quick
10:51
question, are you feeling it like from every direction when
10:55
it comes to silver, when it comes to gold that we have
10:58
absolutely moved into a new paradigm?
11:01
Look, I don't say that lightly. I've been following the sector
11:04
for decades, OK? And three years, four years ago,
11:08
we I was very transparent and honest with you guys.
11:11
We were facing major headwinds. We would celebrate that.
11:15
I thought the gold and silver relative to those headwinds was
11:19
performing very well. But now I can confidently say,
11:22
look, I don't have a crystal ball, don't make any financial
11:25
decisions based on what I say. I share with you my truth.
11:29
But I can tell you right now that we are we've had a paradigm
11:32
shift. We are no longer facing
11:35
headwinds when it comes to gold and silver, although gold and
11:38
silver did very well during those headwinds.
11:41
Now we have the winds in our sail.
11:43
Is it perfect? No, but there's been a material
11:47
recognizable shift in the supporting factory for the gold
11:51
price and silver price as we go forward.
11:54
And it hasn't really even the exciting part is that it hasn't
12:00
really even been recognized by the general public, by the by
12:05
the generalist investors, the physical metals, silver and gold
12:10
or the mining stocks, right by the sheeple who are too busy
12:14
watching the cable news network or Fox News or MSNBC all day
12:19
long. Don't realize I'm I'm not
12:21
putting anybody down. I watch some of that myself.
12:24
But a lot of people don't go beyond that.
12:27
Don't dig a little deeper like you did over the last.
12:30
Maybe you're new, but a lot of you have been been looking into
12:33
this for years and decades, like myself.
12:36
You aren't one of the sheeple. OK, let's look at some data that
12:42
tells us just how early we are in this move.
12:48
This comes from the hedgeless horseman.
12:50
He says, mother of God, this is a very important ratio for us to
12:56
look at. This is the S&P 500 to
12:59
commodities index ratio. So that compares the S&P 500
13:05
level with the overall commodity level.
13:08
As that goes higher and higher, like look at how high it's
13:12
already circled in red for us that it is right now.
13:15
That means that the S&P 500 is way overpriced when it comes to
13:20
commodities. Of course, that includes gold
13:23
and silver. Look down here, I mean, we're
13:25
near 300, whereas we're higher. We're actually higher than we
13:30
were during the tech bubble. I want to Draw Something on
13:32
here. This is super exciting for
13:35
silver and gold investors. We'll draw on this color.
13:37
Here's the tech bubble right here.
13:39
OK, Look how high we were, not even as high as we are right
13:44
now, OK? But look at how when this ratio
13:47
goes down, that means gold and silver are going up.
13:53
And that's what happened from 2001 through 2011, you know,
13:58
right. You know that silver for
14:00
instance, went during that 10 year period from being under $5
14:04
per oz to over $50 per oz. And look, I mean incredible that
14:10
happened during this period right here, OK, $5 to $50.00.
14:15
But look where we are now. We are, where are we, man?
14:21
I don't even know what does it say on here where it is, Are we
14:24
above 300 anyway? We'll just conservatively say
14:28
that we're at 300 now. And we really like did a quick
14:32
peek at 2:50. I mean, it's, it's absolutely
14:36
crazy where that can go. That's looking more at the
14:40
physical side. When we look at the mining
14:42
sector, look at this, right. I mean, what does this tell us
14:45
mining industry as a percentage of global equities, Sorry, I got
14:52
to draw. We'll use red this time.
14:53
We are at record lows, OK, today we are at 1%.
15:00
Can you see that little yellow bar down there?
15:03
All right. That represents how big the
15:06
mining sector is compared to the entire market of global
15:11
equities. If we just got back, I mean,
15:14
guys, look at this, I would say conservatively around 6% is the
15:19
average over the last what, 100 years, 120 years?
15:25
And that would be 6 times more money coming into the mining
15:29
sector. I mean, it could be it.
15:31
It truly is what Doug Casey talks about a scenario where
15:36
where it would be like trying to drain Hoover Dam with a garden
15:39
hose and it's absolutely incredible and they are just
15:43
starting to get attracted. Let's go out and take a look at
15:46
this one. You don't want to look at me too
15:47
much. Anyway, I had a lot to share
15:49
with you guys today. OK here.
15:52
Great point from 10. OK gold and silver.
15:58
Most producers are up just 100 to 200% or more.
16:03
Juniors are just starting to catch attention to catch a bid.
16:07
We're still in the stealth phase of this bull market.
16:10
The stealth phase is where 200 to 300% is the gift for being
16:15
early. The real move begins after that.
16:18
Another, another 5X move takes hold after the stealth phase.
16:24
We are so early right now whether I mean, you know, gold,
16:27
the gold price, right? I mean, look it's up.
16:30
Maybe I would say in gold we might be in the 3rd or 4th
16:33
inning, silver, maybe the second inning, the mining stocks at
16:37
most, right, the maybe the third inning.
16:40
But if you look at the producers and a lot of the Explorers, I
16:43
think it's easier to say that potentially don't make any
16:46
financial decisions. We are in early, early innings.
16:50
The future could be unbelievable.
16:52
I do want to say thank you Speaking of of gold mining
16:56
companies, the first mining gold, they're a development
16:58
stage company, 2 huge projects in Canada, spring pull in
17:02
Ontario, Dupar K in Quebec. They have millions of Oz of gold
17:06
in the ground. They're working through the
17:08
development phase. They actually had some great
17:10
news out this morning regarding their Dupar K project up in
17:14
Quebec. You can check that out at
17:16
firstmininggold.com. OK, wow, what?
17:19
What's next? OK there money rushing.
17:22
This is interesting. This shows us that it is
17:25
starting and this means what this means, right as if you hold
17:31
gold and silver or precious metal mining stocks right now,
17:34
you are absolutely early. This comes from the Kobesi
17:38
letter. Gold miners are skyrocketing.
17:41
The gold Miner ETFGDX attracted $531 million in net inflows in
17:47
August, the most since August. November of 23 Last week alone,
17:53
investors bought almost 4 billion in gold linked ETF.
17:58
Now I believe that would include the gold mining ETF, but also
18:04
right but also things like GLD that supposedly invest that
18:09
money back into physical gold, marking the largest inflow since
18:13
April year to date, the largest gold miners ETF has rallied 95%,
18:18
well above gold's gain of 35%. At the same time, Newmont, the
18:23
only gold miner in the the S&P 500 is up 100%.
18:27
So we are seeing the generalist investors come into the precious
18:31
metals sector again. Why is that important?
18:34
Let me tell you a happy story, give you the reason why, because
18:39
us that are early in the precious metals sector
18:42
investing, right. We are part of a very elite
18:45
small crowd. I used to say we were like the
18:47
Navy Seals overhanging out in the corner.
18:50
Over the last years, yes, there's been a little bit of
18:53
light showing on us now, but we still are benefiting from a very
18:58
powerful force. And that is the law of small
19:01
numbers. No matter how you want to slice
19:04
it or dice it, quantify it, look at it, the amount of money and
19:08
the number of people that are in the precious metal sector still
19:12
even right now, right, even though we've had some
19:15
improvement is so small. And the powerful thing, right,
19:20
is that it's so much easier to have massive increase increases
19:24
from a small number, right? It's a lot easier to go from 1%
19:29
of money being in the, in the mining sector to 5% than it is
19:35
to go from 10% to 50%. I hope that makes sense.
19:40
Again, I'm not a financial advisor, don't make any
19:43
financial decisions based on what I'm saying.
19:46
But I know that to be my truth. And I think a lot of you know
19:49
that absolutely to be your truth as well.
19:53
By the way guys is if you do want to buy some physical
19:56
silver, I want to say thank you to channel sponsor First Mint.
20:01
They generously help support the Ron's basement gold and silver.
20:06
Content OK, First Mint is owned by First Majestic Silver.
20:11
That's the company run by CEO Keith Neumeyer.
20:15
But First Mint gets their silver from First Majestic, from the
20:19
first Majestic mines in Mexico. It gets shipped to 1st Mint in
20:23
Las Vegas, NV where it's transformed into world class
20:26
silver bullion products similar to this five ounce silver bar
20:31
that I know Susie upstairs is very, very fond of.
20:35
They've got great prices. OK, great selection.
20:38
It's a company you can trust owned by Keith Newmeyer's first
20:42
Majestic Silver. Free shipping on orders over
20:44
$199 and there's a discount code VIPRB, so make sure you check
20:51
them out. Thank you very much.
20:54
Look what's going to cause big capital rotation into the
21:00
precious metals and into the mining stocks, OK, think about
21:03
it. When the world, when the world
21:05
wakes up to what's going on in the economy, stagflation, what
21:09
we are experiencing right now, what are people?
21:13
I'm going to ask you a question. What are people going to do with
21:16
their money if the NASDAC starts crashing, right, right.
21:20
Just saying, if it did, if the S&P starts crashing, where are
21:24
people going to go with all that money?
21:27
Are they going to go into bonds? No, because the bond market is a
21:31
mess. Anybody in their brother knows
21:34
that loaning money to the US government for 30 years probably
21:38
is not a real attractive option. OK, probably not.
21:43
People aren't going to be running to bonds.
21:45
People probably. Are they going to run to real
21:47
estate? That's kind of in a bubble as
21:49
well. Are they going to run to other
21:51
stocks? No.
21:53
Right. We could be in a situation where
21:55
the only thing left on on the menu that looks very attractive
22:00
is going to be precious metals and the precious metal mining
22:04
stocks. Two things to prove this point.
22:07
From O 1 to 2011, after the tech bubble burst, gold and silver
22:14
went on a magnificent price run because people didn't want to
22:18
buy tech stocks then. OK, the other thing to remember
22:22
is it even during the Great Depression, some of the gold
22:25
mining stocks, when the other stocks just cratered, lost 9095%
22:30
of their value. Some of the gold mining stocks
22:33
did very, very well. So remember that as we head into
22:37
what could be kind of a tumultuous experience going for
22:42
in the general economy, the gold and silver, yeah, they may get
22:46
hit. A lot of people say, oh, it has
22:48
to go down because look what happened in O 8.
22:50
But there's also been numerous times in the past where there
22:53
were major market issues, gold and silver and the mining stocks
22:58
continue to do well. And what do we know is going on
23:01
out there and that we know we have big inflation.
23:03
We know interest rate cuts are are going to shoot inflation
23:06
higher, but what do we know? I have one short video I want to
23:10
going to show you that I think demonstrates, and this is what
23:12
I've been hearing from my contacts as well.
23:14
I've been sharing this with you that the economy, the job market
23:18
is in bad, bad, I mean bad shape.
23:22
Listen to what this recruiter, this is less than a minute long,
23:25
had to say about her experience regarding what is happening
23:29
right now out there in the economy.
23:33
Here we go. I'm a recruiter and I work in
23:36
the life sciences industry. I posted a position yesterday on
23:40
LinkedIn for a data scientist role.
23:43
The roles remote, it filters out anyone that doesn't live in the
23:46
US, has knockout questions for people just to make sure that
23:50
they need the qualifications for the role.
23:52
So active applications. I log in today over 600.
23:57
Taking a look through all of the applications, every single
24:00
person is qualified. I have to go through and reject
24:05
over 600 people for a job that these people probably well
24:09
deserve because our market is crashing.
24:13
I've never seen anything like this in the 11 years that I've
24:15
been recruiting. The job market is awful right
24:18
now. OK, four things we want to talk
24:22
about. Hold on here and a little tech
24:25
blip. Hold on, are you there?
24:28
Hopefully you guys are still there.
24:29
Four things important in what she said that are raising major
24:33
red flags about what's happening in the economy right now.
24:38
OK, number one, that's in the life sciences industry, which is
24:43
supposed to be in an industry, right?
24:46
That is kind of insulated from other, you know, it's not as
24:49
volatile of an industry. This is a job for a data
24:53
scientist you would think, right?
24:55
That's tech, right? Data scientist have more jobs
24:58
than you know. If you're a data scientist, you
25:00
should just be able to post your job your your your resume on
25:04
LinkedIn and get 50 job order job offers by Friday.
25:07
No 600 people data scientist applied for this one job in a
25:12
very short period of time. The tech field is slowing down
25:16
precipitously. It was a remote job, OK And she
25:22
got 600 applicants, 600 qualified applicants, not
25:29
people. She said right there were they
25:31
called knockout questions, meaning it filtered out the
25:34
people and she said it herself, 600 applicants.
25:38
I can tell you right. I worked in the executive
25:40
recruiting field for a number of years, own my own business.
25:44
I still talk to people in that field.
25:46
Let me tell you something interesting about working in
25:49
that executive recruiting field. You get a feel for when the
25:52
economy is slowing down before a lot of other people because
25:56
companies start to pull back. All of my contacts are saying
26:00
the same thing. They're like, we don't know what
26:02
happened. But over the last six weeks, 8
26:05
weeks, right, the, the, the job market has gone through a major
26:09
shift. And let's just say it's not a
26:12
shift that's going to result in a lot of hiring going on as we
26:16
go down the road. I don't want to be the, you
26:18
know, town crier guys, but I really feel like we are in a
26:22
situation where we're going to be hitting some very
26:26
challenging, let's say economic times.
26:29
The only and but here's what's going to happen.
26:31
The only thing they can do and think about the the the
26:34
administration that we have in Washington who's already
26:37
telegraphed this. The only thing they're going to
26:39
be able to do is liquidate, open the printing press floodgates
26:43
and that will only serve the Dr. inflation higher, like we talked
26:49
about three times higher, right? But also the price of gold and
26:52
silver and I believe, right, the price of the precious metal
26:56
mining stocks as well. What does the smartest guy in
26:59
the room say? Somebody who's respected as much
27:03
or more than anyone else in the precious metal sector.
27:06
That's Ross Beatty, right? He's the current chairman of
27:10
Equinox Gold. Excuse me, It's a little
27:15
allergies. He's had a tremendous career.
27:18
He's somebody that everybody looks up to.
27:21
I was listening to him talk last night and he's very humble, but
27:24
he was basically saying hold on, right?
27:26
He said the same thing. I don't have a crystal ball, but
27:29
hold on because we got good times ahead.
27:32
But he also brought up a very pertinent point.
27:35
He said, I listen to the smartest guys in the room and he
27:39
mentioned a couple people that are very favorable on the
27:42
precious metals right now, right?
27:44
He talked about John Paulson being and very, very positive on
27:48
the metals. Ray Dalio, founder of the
27:50
world's biggest hedge fund, is talking all the time about
27:54
protecting yourself with gold. OK, Stanley Druckenmiller.
27:59
These are the billionaires, right?
28:00
These are the smartest guys in the room.
28:02
We also started this whole live stream by talking about what?
28:07
Where? Where is he?
28:07
David Bateman, guys. David Bateman has over $500
28:14
million worth of silver. OK Stanley Druckenmiller, Hank
28:22
Paulson. John Paulson.
28:24
Sorry, Ray Dalio, Ross Beatty. These people know what is
28:31
coming. Listen to what Bateman said.
28:34
Think about it. I ask you a question.
28:36
If you had 100,000 U.S. dollars, 100,000 in your bank account,
28:40
your checking account, and you had a choice, right?
28:43
Are you going to buy a 30 year U.S.
28:46
Treasury note? Are you going to loan the US
28:48
government your $100,000 for 30 years with the promise that
28:55
you're going to get 4.8% interest per year?
28:58
I mean, that doesn't sound so bad, right?
29:00
Sorry, I got AI itch that doesn't stop.
29:04
But think about what we know is unfortunately going to happen to
29:09
the value of the US dollar. So are you going to take that
29:12
100,000? And this is the question that
29:15
the Chinese government, the Saudi government, the Japanese
29:18
government, people all around the world are being faced with.
29:22
Are we going to loan that money to the United States government
29:25
trusting I'm sure you'll get paid back, but what will it be
29:29
worth? Or there's another option, would
29:33
you take that 100,000 and move it into precious metals,
29:37
precious metals, equities? I think it's a real for me,
29:41
right? And again, I'm not a financial
29:43
advisor. Don't buy or sell anything or do
29:45
anything along those lines. It's a real easy question to
29:49
answer. And when you think about the
29:50
next 30 years, OK, the next 10 years, the next five years, you
29:57
have to just ask yourself, what do you feel more comfortable
29:59
holding precious metals or U.S. dollars, even some of the
30:05
cryptos, Right? I mean, to me, the answer is
30:09
really clear. Hey, thank you for joining me.
30:11
Let's check in with upstairs Susie real quick.
30:13
Make sure we didn't miss anything.
30:15
Upstairs. Susie, are you there?
30:17
Over. OK.
30:24
I don't think she's there. We got some stuff going on.
30:27
Well, hold on one second. Hold on, guys, One second.
30:33
OK. Thank you.
30:34
Thank you. OK, she's got to run out.
30:36
All right, guys, thanks for being here.
30:38
We got 100 thumbs up. Don't forget, subscribe to the
30:41
channel, take care of yourself and I will see you soon.
30:44
Thank you.