Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Silver’s BIGGEST LIE: 🚀 The Truth About US Retail Demand - (Gold Price News Update)

Transcript

Silver’s BIGGEST LIE: 🚀 The Truth About US Retail Demand - (Gold Price News Update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:02
  Silver is dead. That's what some people are
• 0:06
  saying. Well, in this video, I'm going
• 0:08
  to prove to you that that's absolutely not the case and that
• 0:12
  there are some big misconceptions, big
• 0:14
  misunderstandings in the general public, especially the United
• 0:18
  States, even within the silver stacking community about what
• 0:22
  really should be and is driving the silver price right now.
• 0:27
  We're also going to talk about $49,000 gold and I'll show you
• 0:30
  the real hard numbers that show that it can happen.
• 0:33
  And we're going to talk about the biggest driver, incredible
• 0:37
  data coming out showing what will push the silver and gold
• 0:41
  price, in my opinion, much higher in the coming year and
• 0:46
  decade. We got a lot of good things to
• 0:48
  look forward to. But let's start by talking about
• 0:51
  what I think is kind of a not maybe a purposeful lie, but this
• 0:54
  idea that silver is dead right. People are putting out YouTube
• 0:59
  videos saying silvers done silvers over, you know, the the
• 1:02
  sentiment right now is not exactly very positive.
• 1:06
  And silver it should be where it's $75 silver.
• 1:09
  Come on guys, come on, Basement dwellers, one year ago today,
• 1:14
  had I told you we would be sitting at $75 silver, we would
• 1:18
  be having the biggest party ever, renting private jets and
• 1:22
  etcetera. But nonetheless, there's this
• 1:25
  message being put out there and some of it comes from videos
• 1:28
  talking to people that work at coin shops.
• 1:31
  I'm going to dive in and tell you a couple misconceptions that
• 1:34
  are going on right now #1 there's a lot of coin shop drama
• 1:39
  and mixed signals there there. But we're also hearing from of
• 1:43
  these coin shops that the actual, while the set number of
• 1:46
  sellers outnumber the number of buyers, the actual amount of
• 1:51
  silver in dollar terms that the buyers are buying is bigger than
• 1:56
  the sellers. Now let's go out.
• 1:57
  I have a graphic I put together for you that's going to show us
• 2:01
  retail demand. That's what we're going to focus
• 2:03
  on, retail silver demand. And you might be shocked by what
• 2:07
  I'm about to show you and tell you, but this, my friends, is
• 2:11
  the fact I had this put together by Google AI.
• 2:15
  It says exploring US retail silver demand.
• 2:19
  And they're right at the very top, I think is one of the big
• 2:22
  misconceptions. Global market driver, the United
• 2:27
  States physical investment bars and coins historically is a
• 2:31
  major force in global silver demand.
• 2:34
  I don't agree with that. And I've got another chart that
• 2:36
  I've made I drew by hand. We're going to look at in the
• 2:38
  second that I think will show this very clearly. 2021 one, OK,
• 2:43
  this is crazy. Was a historical peak when 10 to
• 2:47
  12% of global total demand for silver came from the United
• 2:53
  States. Massive investment highs during
• 2:55
  this period. That was 2021.
• 2:59
  What about 2025? OK, significant drop.
• 3:03
  US retail demand drops to 1.4%. Wait a minute.
• 3:08
  And apparently they got these numbers from the silver survey,
• 3:12
  15.7 million oz volatility led to a dramatic reduction.
• 3:18
  Think about that guys. 2025, when there was supposedly a
• 3:22
  massive drop in retail silver demand in the United States, was
• 3:27
  also one of the best years on history ever for silver.
• 3:32
  OK. So make a mental note of that.
• 3:35
  Now they're saying there's a print a projected surge in 2026,
• 3:40
  sharp recovery expected investors return price reval and
• 3:44
  critical mineral designation. If if we go up 60% from 1.4%,
• 3:50
  you're still talking at most what, like like 2.2%?
• 3:56
  OK, now that comes from source data concepts based on the World
• 4:01
  Silver Survey. Now what I want to show you
• 4:05
  next, Here's the big, I think where we all get messed up,
• 4:09
  right? All of us retail silver
• 4:11
  investors in the United States, I think we give ourselves too
• 4:15
  much credit. I'm not putting you down or me
• 4:17
  down, but we live in this little bubble where we think that
• 4:20
  retail demand for silver is like a major, major driver.
• 4:24
  I'm sorry, I don't think it is. Is it one of the drivers?
• 4:28
  Can it have an impact? Yes, no doubt about it.
• 4:31
  But is it the primary driver? No.
• 4:33
  OK, let me show you I do this. I drew this one up for us that I
• 4:37
  think really drives the point home.
• 4:43
  OK. The pink box that I have on this
• 4:46
  chart is total silver demand. The green box at the top is if
• 4:52
  indeed it is 10 about now. We heard in 2025 it was 1.4%.
• 4:57
  But for this, I'm going to be very conservative.
• 4:59
  We're going to say 10%. That's what US retail demand is
• 5:04
  at about its peak. If even we were back at 10% and
• 5:08
  it were to drop by 20%, which is the little black area at the
• 5:12
  very top that I colored in. It's really nothing, right?
• 5:16
  Like we, we, we, we get, we hear these my fellow Youtubers, not
• 5:20
  all of them. And I'm not putting anybody
• 5:22
  down. Anybody who's out there making
• 5:24
  content about silver, thumbs up, right?
• 5:26
  And I could be wrong, but I think that we, we focus too much
• 5:30
  on what's going on like at the coin shops and coin shops are
• 5:34
  great. Again, I'm not poking at
• 5:36
  anybody, but it's such a small minor component of, of, of
• 5:41
  what's happening in the world of precious metals and silver in
• 5:46
  general, right? It's a tiny little segment.
• 5:49
  And actually the local coin shop segment, I didn't know this, but
• 5:53
  according and there's, it's hard to aggregate all the data on
• 5:56
  these things, but the local coin shops are only about a third now
• 6:00
  from what I'm reading of the total bullion demand in the
• 6:04
  United States. The other third is now being
• 6:07
  taken up by online bullion sales.
• 6:10
  And the final third, it said from other, other resources.
• 6:14
  The other thing to remember is that a lot of people when
• 6:18
  they're making big buys, and that came up in my research as
• 6:21
  well, when they're making major purchases of silver, they're
• 6:25
  more likely to be doing that now online because there's better
• 6:29
  prices, better selection and very reputable companies have
• 6:33
  been that have been out there doing it for a long, long time.
• 6:36
  OK. And again, I think the the big
• 6:39
  misconception that a lot of us have is that we give way too
• 6:43
  much weight to what's going on, especially the United States.
• 6:46
  We can be a little egotistical that we think we're a lot more
• 6:51
  powerful than we are. According to that data we just
• 6:54
  saw, we're like 1.4% in 2025. That does seem low to me.
• 7:00
  But at the top we're maybe 10% of the total annual silver
• 7:05
  demand and that's at the very, very top.
• 7:08
  So, you know, and the other thing that this that that silver
• 7:11
  is dead because of what a couple of people at a couple coin shops
• 7:15
  are saying. I don't buy it.
• 7:16
  Look, silvers way bigger. OK, Go talk to people in China.
• 7:21
  Go talk to people in India, Right?
• 7:24
  They're importing record amounts of silver.
• 7:27
  OK, Ask them if silver's dead. Go to the Shanghai Gold
• 7:31
  Exchange, where, like last data I saw, they're willing to pay,
• 7:34
  what, 12 to 15% higher per oz for a physical ounce of silver?
• 7:40
  I'm not buying. We are in a new paradigm.
• 7:42
  We are in a new world when it comes to the silver price.
• 7:45
  Does the United States matter? Yes.
• 7:48
  Is it still the major driver? I don't think.
• 7:51
  I think we're giving ourselves just a little too much credit
• 7:54
  and that's OK, right? Because hey, if the United
• 7:57
  States think about it, if we do become this is this is critical
• 8:01
  to understand if we were to become again a major driver in
• 8:05
  the silver market, right? Like during the what that was
• 8:08
  probably the silver squeeze. That's what that was that 2021
• 8:12
  number that we looked at earlier during right after C-19, if we
• 8:16
  were to become a major driver again, Katie, bar the door.
• 8:21
  And you know what, now that I'm thinking about it, think about
• 8:23
  this even what happened in January where there was like a a
• 8:28
  little bit of a mania. We're not going to call it a
• 8:30
  squeeze. There was the silver mania.
• 8:32
  A lot of new people coming into the silver market, right?
• 8:35
  Not a flood, but a lot of new people coming into silver and
• 8:39
  gold for that matter as well. And look at what the price did,
• 8:42
  it went up to 120 an ounce. I don't know how much that had
• 8:46
  to do with these new people coming in.
• 8:48
  But at the other thing for us to remember is during that period,
• 8:51
  the online bullion dealers and even some of the coin shops were
• 8:56
  having a hard time stocking inventory.
• 9:00
  There were shipping delays, 5 weeks, six weeks.
• 9:02
  So I don't know guys, at the end of the day, I, I think that we
• 9:08
  need to remember very critically, right, that we are
• 9:11
  in a new world when it comes to silver and gold.
• 9:14
  I, us Americans, retail investors, we, I love you, we're
• 9:18
  important, right, that we know why we're here, but we aren't
• 9:22
  the driver that has driven us to where we are now.
• 9:25
  And while we could become more of a driver in the future, which
• 9:28
  is really great for the price, right, we don't, they don't
• 9:31
  really need us. And they kind of prove that.
• 9:35
  Prove that. OK, All right, let me make sure
• 9:38
  I hit all the pertinent points on that.
• 9:41
  But yeah, I think the other thing to remember, 2025 was a
• 9:45
  big down year according to the data that I saw for US retail
• 9:49
  silver demand. And the silver price still went
• 9:51
  up. All right, let's talk about
• 9:52
  $49,000 gold. Hey, before I do that, I do want
• 9:56
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  experience for silver from the mine to the mint directly to
• 11:03
  you. Let's go look, get some fun
• 11:05
  data. How about $49,000 gold?
• 11:08
  OK, and here we are. North Star Band charts puts this
• 11:15
  out. Gold.
• 11:16
  Silver. Oh, shoot, hold on here.
• 11:33
  I hope you guys are all having a good night.
• 11:35
  And here we are. Let's get to the right chart.
• 11:39
  North Star bad charts, gold, silver, commodities, energy,
• 11:43
  oil. OK, I'm back.
• 11:45
  Yes, thank you, Susie. What we've seen so far is
• 11:48
  nothing compared to what this chart implies is likely to come,
• 11:53
  is likely to come in stage one. This chart compares the price of
• 11:57
  gold to the S&P 500. So if you figure right now we'll
• 12:01
  say what $4800 gold divided by the S&P 500 about 7000, we are
• 12:08
  over here right now right about .67 somewhere in that range, OK.
• 12:15
  Throughout history we go back here to the to the early 6th to
• 12:19
  the 60s and then into the 1970s. As you can see that ratio went
• 12:26
  way up. It actually went as high as 7
• 12:30
  around 1980 that the price of gold was seven times the S&P
• 12:36
  500. Then we had the long bad bear
• 12:40
  market, OK, all the way down here to the year 2000, right
• 12:46
  when the tech bubble hit, we were at an all time low.
• 12:49
  The gold price was like what, 290, two $180 per oz.
• 12:53
  Don't you wish we could go back and revisit those days?
• 12:59
  But then the price, then the ratio went back up with the gold
• 13:01
  price up through 2011, the rally that we had there.
• 13:05
  Now as we know here we are back again, OK, from 2011 with the
• 13:13
  gold price went down, down, down, OK, Now we started to go
• 13:17
  back up and we are right here, OK.
• 13:21
  Now he he draws this line which he calls the capital rotation
• 13:25
  event CRE up in the upper left corner.
• 13:28
  That's this line on the chart. Basically as we break out from
• 13:33
  this and continue with a commodity super cycle, they're
• 13:36
  predicting that it can it'll happen in in three phases just
• 13:40
  like it has in the past several times.
• 13:43
  And guys, if, OK, if if the S&P 500 were to stay at 7000 and we
• 13:50
  were to get back up here to this, this .7 on that ratio
• 13:56
  where the gold price is 7 times the S&P 500, that would be
• 14:01
  $49,000 gold. I don't hear anyone predicting
• 14:04
  that. But look, there's the math right
• 14:07
  there. Even if the S&P 500 stays at
• 14:10
  7000 and we go to three to one, we're going to have $21,000
• 14:14
  gold. If we have $21,000 gold and a 50
• 14:18
  to 1 gold to silver ratio, we've got $400.00 silver.
• 14:22
  These numbers, I know, I understand they seem incredible,
• 14:27
  but they're based on recent history, OK, we're there.
• 14:32
  And, and look what happened back then in the 70s and 80s, We were
• 14:36
  not even, we, we were not in a situation fiscally and
• 14:40
  monetarily like we're in now. So to say that, oh, that can
• 14:44
  never happen again. Oh, that can never happen again.
• 14:46
  Yes, it can happen again. And I think there's a much
• 14:49
  better chance of that happening again than anyone realizes
• 14:52
  because we got the big major driver for the gold and silver
• 14:57
  price as we go through these next 10 years, years will be
• 15:01
  inflation. Inflation is like the Titanic
• 15:04
  sinking, OK. And all the other noise, all the
• 15:07
  other stuff going on are like people, you know, arguing over
• 15:11
  what they're going to eat for dinner in the restaurant at the
• 15:14
  Titanic, right? The major driving force will be
• 15:17
  inflation. And I've got a chart, I'm going
• 15:19
  to show a couple charts we're going to look at that will drive
• 15:22
  this home and eerily similar to where we are right now.
• 15:26
  Before we do that, thank you to Brixton Metals, the Canadian
• 15:29
  metals exploration company, for sponsoring Ron's basement.
• 15:33
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• 15:36
  And our friends at First Mining Gold, they have two multi
• 15:39
  million ounce development stage projects in Canada.
• 15:43
  Please, please check out both those companies.
• 15:46
  I'm not a financial advisor, do your own research, but those are
• 15:49
  both stocks that I owned long before they sponsored my
• 15:53
  channel. Let's go out and see if we've
• 15:55
  got any news about inflation. And here we go.
• 16:01
  This comes from Bloomberg. Inflation is back and we're
• 16:04
  already seeing 7% annualized 3 month, 3, three month average
• 16:10
  from December to February. Wow, inflation looms.
• 16:13
  This is, this is coming guys. And inflation will be
• 16:17
  undoubtedly, it's all we're going to hear about over the
• 16:20
  next number of years. And it's undoubtedly going to be
• 16:24
  the, the, the, the, when you boil everything down, it will be
• 16:27
  the driver of higher gold and silver prices.
• 16:30
  And it's looming as China's exporters boost prices on Iran's
• 16:34
  cost. Chinese exports or exporters are
• 16:37
  lifting prices on consumer goods due to rising oil linked input
• 16:41
  cost driven by the Iran war. More than a dozen categories of
• 16:46
  consumer goods saw sharp year on year increases in March, accord,
• 16:50
  according to the customs data. And it's just getting started,
• 16:56
  OK? As inflation comes in and it's
• 16:59
  going to come in hot and strong, it's going to be the major
• 17:04
  driver for gold and silver. Let's go to Kobasi because this
• 17:08
  is, I think, stunning while we look at this, he says.
• 17:11
  It's official. The world is now experiencing
• 17:14
  the biggest energy crisis in history, with 600 million
• 17:18
  barrels of oil lost at per day supply.
• 17:22
  US gas prices up 47% since December and inflation is
• 17:26
  nearing 4% in a similar path to the 1970s.
• 17:30
  What happens next? Let us explain.
• 17:32
  OK, here we go. This is the chart we want to
• 17:35
  look at in orange. I'm sorry, in orange, in blue,
• 17:39
  that's 1967 to 1983, a period of massive inflation in white is
• 17:48
  2015 to present. So they overlaid each other.
• 17:52
  I mean, can you not see, I'll draw a red line, how they have
• 17:56
  followed each other, went back and then what happened here,
• 18:00
  right? What happened during that time
• 18:01
  period? It's what, 19, 79, that's around
• 18:08
  when we had a big energy crisis in the world and inflation, I
• 18:12
  mean, can you? I can see totally where we are
• 18:16
  now, the inflation numbers continuing to explode higher.
• 18:20
  And don't forget something critical for us to remember.
• 18:27
  Gold and silver had like, their best decade ever in the 1970s.
• 18:33
  We are doing an, unfortunately, almost an exact replay of what
• 18:38
  happened in the 1970s. Is it guaranteed?
• 18:42
  Is there some magic that might occurred?
• 18:44
  Maybe. But also consider this.
• 18:46
  When we look at what happened in the 1970s, that was when we
• 18:50
  first got off the gold standard. Yeah, 1971 when President Nixon
• 18:55
  temporarily took us off the gold standard that what the inflation
• 19:00
  that we had during that period. We had not abused the the the
• 19:06
  privilege of money printing at that point.
• 19:09
  It was all brand new and look at what happened during that
• 19:12
  period. Now Fast forward to today, which
• 19:15
  is very similar in a lot of ways and in a lot of ways even
• 19:18
  geopolitically even more extreme.
• 19:20
  But from a numbers, from a financial perspective, the shape
• 19:25
  that we are in right now is way worse, multiple times worse than
• 19:30
  what we were in in the 1970s where we had that 1015%
• 19:33
  inflation. Paul Volcker was able to raise
• 19:37
  interest rates to 20% back then. OK, They can't do that.
• 19:41
  Now. If they raised interest rates to
• 19:44
  20% on 40 trillion debt, that would be 8 trillion a year in
• 19:49
  interest expense once it all got refinanced.
• 19:52
  For simplicity sakes, the government only brings in four
• 19:56
  or five trillion per year period.
• 19:58
  It's the the point here is that we're in a very similar
• 20:02
  situation to the 1970s, but in a lot of ways we're actually in a
• 20:07
  more extreme, a more difficult situation.
• 20:10
  Inflation will drive everything. Including gold and silver, I
• 20:15
  think we could have even greater crazier returns in the next 5-5
• 20:20
  or so years in the gold and silver price then what we
• 20:23
  experienced in the 1970s. OK, because there's Paul Volcker
• 20:29
  can't come in or wash the new Volcker can't come in and raise
• 20:34
  interest rates to fight inflation, OK, They can't,
• 20:37
  right? What really matters, what really
• 20:40
  matters for gold and silver is the fact that unfortunately,
• 20:44
  right, the inflation rate will, will, will likely inevitably be
• 20:51
  higher than the interest rates. And that makes real interest
• 20:55
  rates negative. OK, They, they and, and look,
• 20:58
  and now we're going to go look at the Fed watch tool there.
• 21:00
  I thought they were going to raise rates, but according to
• 21:02
  the Fed watch tool, they're actually not, which is shocking
• 21:06
  because guys, the more, the more they keep interest rates, even
• 21:10
  if they just leave interest rates where they are.
• 21:13
  As inflation goes higher and higher and higher, it makes real
• 21:18
  interest rates more and more negative.
• 21:20
  When you when you, when you subtract inflation right from
• 21:25
  what you're earning, the interest rate on your money and
• 21:28
  interest rates stay the same, but inflation continues to go up
• 21:31
  more and more and more interest rates become more in real
• 21:35
  interest rates become more and more negative, which is a major
• 21:39
  driver. Let's go out and see.
• 21:40
  I was shocked last I looked. We're going to do this, this
• 21:44
  live right now. Go out to the Fed watch tool.
• 21:47
  This tracks with the big money the futures market is betting is
• 21:51
  going to happen with interest rates.
• 21:53
  We've got a meeting. Is there one this week?
• 21:56
  Yeah, the Fed's going to be out this week.
• 21:57
  That's going to be interesting. By Wednesday or Thursday, we'll
• 22:01
  hear from Jerome. But essentially right now,
• 22:04
  there's a 99% chance that rates are going to stay the same.
• 22:08
  But look, as we go out into the future, if we go to June, OK,
• 22:13
  94% chance that rates will stay the same and a 5% chance of a
• 22:18
  cut. Just recently that these numbers
• 22:21
  were showing that they thought they would be raising it if they
• 22:24
  cut interest rates while inflation is going up.
• 22:28
  That leg adds double turbo boost to the gold and silver price
• 22:32
  because real interest rates become more and more negative.
• 22:35
  Again, simple to understand and to calculate what the real
• 22:39
  interest rate is, you just deduct the inflation rate from
• 22:43
  what the interest rate is, right?
• 22:45
  And if that inflation rate is higher, baby, you got real, you
• 22:49
  got negative real interest rates.
• 22:50
  All right, let's go out here to September.
• 22:54
  Wow, this is crazy. They're saying there's a 25%
• 22:58
  chance that we could have lower interest rates.
• 23:01
  Let's go all the way out one year from now.
• 23:04
  And there's a 60% chance, 58%, you can see the biggest bar that
• 23:10
  rates will be the same. For those of you who don't know
• 23:13
  how to read this, here is the current rate from the Fed.
• 23:17
  This is April. These little tabs up at the top
• 23:20
  that I've been clicking, you can pick whatever fed meeting you
• 23:23
  want. And this down here, right is
• 23:26
  matches the current rate. And as you can see, there's a
• 23:29
  60%. This is going to be it's going
• 23:32
  to be unbelievable, OK? Even if they just don't cut
• 23:36
  rates over the next year and inflation continues to go up and
• 23:41
  up and up, which it will. I mean, it's when you look at
• 23:46
  what's going on in the oil markets, when you look at what's
• 23:48
  going on with money printing, it will it, will it, it will be an
• 23:53
  incredible time to be invested in gold and silver.
• 23:58
  And let's talk about the monetization of debt.
• 24:00
  I saw this right. There's a guy that I love out
• 24:04
  there in the gold and silver sector, Bald guy money.
• 24:08
  Put this one out today for the and this talks about money
• 24:11
  printing for those keeping track, the Fed balance sheet,
• 24:15
  which he calls the money printing tracker went up for the
• 24:18
  ninth week in a row. Meanwhile, we're told everything
• 24:21
  is great and demand for UFUS debt is strong.
• 24:24
  I call BS buy gold and silver. So the Fed's balance sheet
• 24:29
  continues right as we can see on this chart to go up and up.
• 24:34
  Now, he didn't say this, but I think he's saying this and I'll
• 24:37
  say this. That essentially starts to
• 24:40
  become monetization of debt. If the Fed is expanding their
• 24:44
  balance sheet by buying U.S. Treasuries, that is that's,
• 24:48
  that's monetization of debt. That's creating money out of
• 24:51
  thin air, OK, to buy the US debt.
• 24:55
  That's what Japan did it It's it's a it's I don't know, it's
• 25:00
  like supporting your kids too long or however you want to look
• 25:03
  at it. It's a shell game.
• 25:04
  It's money printing. It's dilution of the US dollar.
• 25:08
  And again, as the value of the dollar goes down, what does that
• 25:12
  mean? That means prices go up.
• 25:14
  That means inflation. And that's what's what's going
• 25:17
  to happen. Let's talk about some general
• 25:19
  doom in the general economy. OK, Things are wild.
• 25:25
  But when we hear this right, George Noble points out the S&P
• 25:29
  500 just hit an all time high, but consumer sentiment just hit
• 25:35
  an all time low. Remember, the United States
• 25:38
  economy is a consumer driven economy.
• 25:42
  That's how we've that's how we've been such a make America
• 25:46
  wonder, you know, the greatest economy in the world for the
• 25:49
  last 20 years because we're consumer economy, we bought
• 25:53
  stuff from everybody else in the world and we borrowed money from
• 25:56
  them to buy that stuff, right? But now consumer sentiment is
• 26:01
  near an all time low, while the stock market is near an all time
• 26:05
  high in nominal terms, right? Just in number terms as
• 26:13
  inflation, guys, as inflation continues to eat away at the
• 26:19
  value of the US dollar, even if the market stays where it is,
• 26:23
  right? That's nominal.
• 26:24
  That means just number in real terms, right?
• 26:27
  The value of what we can do, what we can buy with U.S.
• 26:30
  dollars will continue to go down.
• 26:33
  And I think that's no more demonstrated than by this.
• 26:37
  Here we go. U.S. housing market has not has
• 26:43
  now reached its most unaffordable level in his
• 26:47
  history. Oh boy, I don't want to be
• 26:53
  negative, right? I I'm very positive on gold and
• 26:56
  silver. I think you are too right.
• 26:57
  And even though there's some people out there that are, the
• 27:00
  sentiment is a little challenged right now in the precious metal
• 27:03
  sector. No way.
• 27:05
  I believe silver and gold are, are, are the place to be in the
• 27:10
  coming years and decades. And but we can be, I can be doom
• 27:15
  and gloom. I think we can be doom and gloom
• 27:17
  when we look at what's going on out there in the US economy.
• 27:20
  I mean, come on. Consumer sentiment at an all
• 27:23
  time low, in the stock market at an all time high.
• 27:26
  People can't afford housing. I mean, especially young people
• 27:30
  in their 20s, it's going to turn into a big money printing
• 27:35
  festival. It's going to turn into a what?
• 27:38
  I'm not going to say hyperinflation because I would
• 27:41
  actually be surprised. It's not out of the wrong
• 27:43
  possibility, But we're going to have exaggerated inflation as we
• 27:48
  go through these next 10 years. And I think that people that own
• 27:52
  gold and silver and precious metal mining stocks are going to
• 27:56
  be glad they did. I don't have a crystal ball, but
• 27:58
  that's what I see coming. All right, guys, thanks for
• 28:01
  joining us today. Don't forget, we forget, we love
• 28:03
  when you join us down here in the basement.
• 28:04
  Basement dwellers, we'll we'll navigate these choppy waters in
• 28:08
  the gold and silver market and be just fine.
• 28:12
  If you enjoyed your time down here, please subscribe to the
• 28:15
  channel. But number one, take care of
• 28:17
  yourself and I'll see you. Yep, we'll see you next time.
• 28:21
  Have a great night. Bye bye.