Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Why You Struggle with Silver & Gold Stacking: 5 TRUTHS

Transcript

Why You Struggle with Silver & Gold Stacking: 5 TRUTHS · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  You want to have the biggest stack of silver, maybe gold,
• 0:06
  that you can acquire. Maybe your goal is 1000 ounces
• 0:10
  of silver. Maybe your goal is 10,000 ounces
• 0:14
  of silver. Maybe your goals 100 ounces of
• 0:16
  silver. You're just starting out and
• 0:19
  you're on a limited budget. That's OK, guys.
• 0:22
  It's a lot trickier to stack silver and gold.
• 0:28
  Than it seems when you just decide you're going to do it
• 0:30
  right, it's easy to think, oh, I'm going to stack silver, I'm
• 0:33
  going to stack gold. But there's some pitfalls that a
• 0:36
  lot of us fall into now. Coin shop Chris and I made a
• 0:39
  great video came out over the weekend where we talked about
• 0:43
  silver stacking. Don't compare the size of your
• 0:47
  stack. One of the viewers, a guy named
• 0:50
  Larry Bloom, sent me an awesome e-mail and I asked his
• 0:54
  permission. I said, Larry, can I share this
• 0:56
  information? This information I think adds
• 1:00
  even more to what Coin shop Chris and I talked about when it
• 1:04
  comes to how to build your supply, your stack of silver and
• 1:09
  gold. Because that's what we want,
• 1:11
  right? I mean, we want to envision.
• 1:13
  We have a goal in mind or do we have a goal in mind?
• 1:17
  That's something we're going to talk about as well.
• 1:19
  The importance of setting a goal, you want to get as big of
• 1:24
  a stack as possible. So we're going to dive right in.
• 1:26
  I'm going to kind of read through what Larry said and give
• 1:29
  you my thoughts and I want to hear your thoughts as well.
• 1:33
  That's what the comment section is for.
• 1:35
  And thank you guys all for being here out of the blue on a Monday
• 1:39
  morning. If you can give this video a
• 1:41
  thumbs up, that really helps get the word out.
• 1:44
  And if you're not subscribed, please, please consider
• 1:47
  subscribing. I'll put out a new piece of
• 1:48
  content every single day, Larry said.
• 1:52
  Ron, great segment on the Silver Stack, the video you did with
• 1:55
  Coin Shop. Chris, I'm going to share some
• 1:59
  of my ideas that have helped me save Silver.
• 2:02
  The most important idea is the last one, so there's going to be
• 2:06
  a kicker at the end for you guys.
• 2:08
  He says I personally view buying silver as insurance.
• 2:12
  Now do you look at silver as insurance?
• 2:16
  Is silver insurance for me? I look at silver at its base
• 2:22
  level as insurance. How do you feel about it?
• 2:24
  How do you feel about your stack of silver or gold that you own
• 2:29
  for me at the very base level? I feel better having silver in
• 2:35
  my situation. I'm not a gold stacker.
• 2:38
  I own a ton of gold mining stocks.
• 2:40
  Trust me, that's not been fun. But that's for a different
• 2:42
  video. I feel better having silver than
• 2:46
  I do having money in the bank. Do I have a bank account?
• 2:49
  Yes. Do I recommend people have a
• 2:50
  bank account? Yes, because it's very difficult
• 2:54
  right now to live day-to-day with physical silver.
• 2:57
  I hold it and own it. I've never sold an ounce of
• 3:01
  silver that I've owned. Have you sold any of your
• 3:04
  silver? Have you ever sold your silver?
• 3:06
  I never have. Let me know in the comments,
• 3:09
  right, So other people can see. I think a lot of us stackers, we
• 3:13
  buy it and we just hold it. Is it insurance?
• 3:16
  Like Larry said? Absolutely.
• 3:18
  To me, that's the base of what it is.
• 3:21
  It's also, right, a preservation of wealth.
• 3:24
  And look, I'm not saying you're going to get rich.
• 3:27
  Somebody accused me of like misleading you that you're going
• 3:30
  to get rich from silver. But you could.
• 3:33
  That has happened in the past. We could see a flash period
• 3:36
  where the price of silver and gold for that matter, wind up on
• 3:41
  a relative value basis really outperforming.
• 3:45
  It could happen back to Larry. He also says he only he looks at
• 3:51
  silver is only part of being prepared.
• 3:54
  My opinion is that you need shelter, right?
• 3:56
  Yeah. You need a house, hopefully some
• 3:59
  type of shelter that you're not too encumbered on with Debt,
• 4:03
  right? Water, food, medical.
• 4:06
  I do recognize there are things that belong here, but I'll put
• 4:10
  them further down the list. Building This is my, my comment.
• 4:14
  Building a big silver stack. Easier said than done, right?
• 4:19
  You might think, oh I want to silver, but it takes.
• 4:23
  There's five truths that we're going to talk about that you
• 4:26
  need to look at that'll help you build your silver stack.
• 4:29
  The first thing, number one that Larry brought up don't get
• 4:33
  complacent. Plan for a month at a time.
• 4:36
  Smaller goals make it easier to reach.
• 4:39
  You got to have some goals. Writing a goal somewhere is a
• 4:42
  reminder helps. It's very easy to get
• 4:45
  distracted. Yeah, forget about it.
• 4:47
  I don't get to buy much, Larry says.
• 4:50
  But it all adds up. Little by little, you will get
• 4:55
  way further than not taking another step because the goal
• 4:59
  seems too far away, right? You got this big goal.
• 5:03
  I want to have 10,000 ounces, but I only have.
• 5:06
  I want to have 1000 ounces. Let's make it more realistic.
• 5:10
  But I only have 83. There's no way I'll ever get
• 5:13
  there. Well, yeah, you will.
• 5:15
  OK, little by little. And that's what Larry says.
• 5:20
  He says, I've heard the expression the first step is
• 5:23
  often the hardest, and I think that's often true.
• 5:26
  I'll tell you a story, guarantee you you'll get there, right, if
• 5:30
  you buy a little bit at a time. Here's an interesting, crazy
• 5:34
  analogy. Yeah, you can.
• 5:36
  You can call me Crazy Ron if you like, but I think this directly
• 5:39
  relates to buying a little bit at a time.
• 5:42
  Like Larry says, I drink coffee every morning.
• 5:45
  You could probably notice my high energy.
• 5:47
  We buy those cans, you know, of coffee, usually from Walmart or
• 5:51
  the grocery store, whatever. I'm too.
• 5:54
  I'm too much of AI. Just can't throw them away.
• 5:58
  I keep them. Then I wind up.
• 6:00
  After a year or two, I've got this giant pile of cans.
• 6:04
  OK, things add up. I wind up going on Facebook
• 6:07
  Marketplace and giving them away.
• 6:09
  Some lady that runs a dog shelter comes and gets them.
• 6:12
  They put dog food. I don't know, whatever.
• 6:14
  But look, just like if you save your empty coffee cans every
• 6:19
  time you go through one, if you apply that same type of
• 6:22
  consistency. To your silver stacking, it will
• 6:25
  pay off. Point #2 and thank you guys.
• 6:28
  I can't believe over 100 of you are here on a Monday morning.
• 6:32
  We love silver. We love gold.
• 6:36
  By when the price goes down, point #2 Larry brings up because
• 6:40
  it always does, he says. However, I do occasionally get
• 6:45
  FOMO, Fear of missing out and by.
• 6:48
  He said. I asked a couple of my local
• 6:50
  coin dealers about this and they both said their sales go way up
• 6:54
  when prices go up sharply. The more prices go up, the
• 6:59
  stronger the activity they have for both buying and selling.
• 7:03
  OK, now my comment on that is buy when the price is down, buy
• 7:09
  when silver's on sale right now, right?
• 7:12
  Silver $23.00 an ounce. May 5th, What was that?
• 7:17
  Two months ago, Right, Two months ago, $26 an ounce.
• 7:21
  Would you rather be paying at a spot price of 23 today?
• 7:26
  Or 26? But the truth is, most people
• 7:29
  don't do that. They don't buy when it's on
• 7:32
  sale. I think it's because maybe they
• 7:34
  get a little depressed. The silver's going down, blah
• 7:38
  blah, blah, and that feeds. Then less people buy, less
• 7:40
  people buy. But then when the price starts
• 7:43
  going up, everybody's like, oh, I got to get silver, Silver's
• 7:45
  going up, silver's going up. If you're consistent in your in
• 7:50
  your purchases, you can avoid that.
• 7:53
  Number three, I think this is really key, Okay, he says.
• 7:57
  Take satisfaction and whatever you can do.
• 8:01
  I always would. I always would have liked to
• 8:04
  have gotten more, but don't beat yourself up, he says.
• 8:07
  I tell myself. I'm doing what I can, right?
• 8:11
  Do what you can. Coin shop.
• 8:13
  Chris and I talked about this. Don't compare the size of your
• 8:19
  stack to the size of another man or woman.
• 8:23
  Because we've got more and more women coming into silver
• 8:26
  stacking. They're stacked.
• 8:28
  Don't compare your stack. Somebody's always got more
• 8:30
  silver. I got news for you.
• 8:32
  No matter what, no matter how much you have, they'll always be
• 8:36
  somebody who has more. Have gratitude for the amount
• 8:40
  you do have, and if you have any, think about this.
• 8:43
  If you have any silver, you're better off than like 97.3% of
• 8:49
  the people out there. So look at what you do have and
• 8:53
  be grateful. Metal that won't help you feel
• 8:55
  better. That will help it grow and grow.
• 8:58
  Trust me, that is absolutely the case.
• 9:01
  This one's critical. You want to you want to get a
• 9:04
  little extra silver every month? Little extra gold, right?
• 9:08
  Sacrifice, Sacrifice occasionally, he says.
• 9:13
  I skip eating out once in awhile and pocket it for silver instead
• 9:17
  of getting a couple coffees. Or on occasion, I'll eat in
• 9:21
  versus fast food. Now and then I can save enough
• 9:24
  for a coin. Another place I can find dollars
• 9:27
  to is to sleep on it before he buys anything.
• 9:31
  He said He likes gadgets, likes to buy, I think.
• 9:33
  Like electronics and whatnot, I would imagine.
• 9:37
  Before you make a decision to buy something, sleep on it.
• 9:41
  Maybe it's a a new cell phone or or some other, you know, non
• 9:47
  critical item. Do you really need it?
• 9:49
  And I'll add something to what Larry says, see if you can find
• 9:53
  a better price, OK? I mean, look, I'll be honest
• 9:57
  with you. I buy a lot of my clothes,
• 9:59
  really nice clothes, Brooks Brothers fancy shirts on eBay.
• 10:03
  I pay like $15 for them. And they're like brand new as
• 10:07
  opposed to going to Brooks Brothers.
• 10:09
  I don't even know if they're still open, but the shirts there
• 10:12
  cost like 110 bucks. I bought a couple new red
• 10:14
  shirts. I haven't worn them yet.
• 10:16
  I'm still wearing this one. But I got 2 new of these for
• 10:19
  like $20 each on eBay. OK And they're brand new shirts.
• 10:25
  There's ways you can either forego because face it, a lot of
• 10:29
  times we buy stuff that we think we need, we think we need, but
• 10:33
  then a week later we don't really need it.
• 10:35
  You've heard this from me before, but I'm gonna say it to
• 10:38
  you right now. Right now you are watching me on
• 10:41
  a Samsung Galaxy S10 phone. I bought it from Amazon, a
• 10:46
  program they have called Amazon Renewed.
• 10:50
  OK, it has a 90 day guarantee. I paid $195 for this phone.
• 10:56
  I've been using it for a year and I've used it hard, right?
• 11:00
  I bet there's not another phone out there.
• 11:02
  It'd be hard pressed that's been been put through a workout more
• 11:07
  than this one. It cost me 200 bucks, right?
• 11:10
  I could have gone. I got the brand new latest and
• 11:12
  greatest phone which really isn't all that much better.
• 11:15
  And that would have cost what, 1200?
• 11:17
  A $1000? OK, find ways to save money and
• 11:22
  the money you save, number one, you don't have to go out and
• 11:25
  work more to make that money #2. You can use that to buy this.
• 11:32
  Look, I love this. It's a silver round.
• 11:36
  Would you rather have that right, Susie and I I'll tell you
• 11:40
  a story. Susie and I went out to lunch.
• 11:44
  No, it was about a month ago. That was when the girls were
• 11:46
  still in school. We went out to this Mexican
• 11:48
  restaurant that just opened by our house.
• 11:50
  Nothing fancy, right? Just one of those normal casual
• 11:53
  Mexican restaurants. Lunch.
• 11:55
  We were leaving. And I'm like, that cost us 35
• 11:58
  bucks. That cost an ounce of silver.
• 12:00
  And it was decent. The food was good.
• 12:02
  It's important to go out. It's important to have fun.
• 12:04
  But I'm like, I could have eat. We could have eaten a $3 frozen
• 12:08
  pizza and I could have a silver around instead.
• 12:12
  So guys, look for ways. I'm not saying live like a
• 12:15
  pauper, right? I mean, you can if you want, but
• 12:19
  there are some ways where you can make some adjustments and
• 12:22
  excuse me, those adjustments. Can lead you to having much,
• 12:27
  much more silver in the end. And then Larry brings up one of
• 12:32
  my favorite subjects that I will.
• 12:34
  I I don't offer financial advice, but I think this is so
• 12:38
  critical. Average your cost over time, he
• 12:42
  says. You've mentioned dollar cost
• 12:43
  averaging many times, which is a super strategy.
• 12:46
  You can always hold back some when prices rise sharply and
• 12:51
  catch back up later. And that's so Larry says, right,
• 12:54
  dollar cost average. And if the price has been
• 12:56
  shooting up, maybe you pull back a little bit that month or maybe
• 13:00
  you're doing it every three months making your purchases.
• 13:03
  And if prices are going down, force yourself maybe to buy a
• 13:07
  little more that month or that quarter.
• 13:09
  How? Again, however you're setting it
• 13:11
  up, I want to reiterate, don't compare the size of your stack
• 13:17
  to somebody else's, don't brag about it, okay.
• 13:22
  Keep it to yourself. It's it's your business and you
• 13:26
  are the one who needs to focus on what you have when it comes
• 13:30
  to silver. And trust me, if you do what
• 13:32
  Larry says here, over time, right, little by little you're
• 13:37
  going to grow and grow and grow the amount of silver or gold or
• 13:41
  platinum or Palladium, right? And and you will see, you'll get
• 13:46
  satisfaction because you'll be like, wow.
• 13:49
  I've been doing this for two years and now, look, I've got
• 13:53
  300 ounces of silver or oh, I have 1000 ounces of silver or
• 13:57
  maybe I have 80 oz after two years.
• 14:02
  Whatever it is, it's OK. Some is better than none.
• 14:06
  Remember, most people don't have any metals.
• 14:09
  They don't understand what you understand.
• 14:11
  What I understand, OKI really appreciate that from Larry.
• 14:17
  I wanna mention this to you as well, right?
• 14:19
  If you have an idea, if you have something that you think I need
• 14:23
  to share with the community, send me an e-mail.
• 14:26
  Ron's Basement silver@gmail.com that's always in the description
• 14:32
  of every video of every live stream.
• 14:35
  I respond to every single e-mail the absolute best that I can.
• 14:41
  Row your own boat, right. When it comes to your silver
• 14:44
  stack. Row your own boat.
• 14:46
  Focus on what you have. Focus on what you know is good.
• 14:50
  You don't need to broadcast it to all your family and your
• 14:52
  friends. OK.
• 14:54
  I got news for you. Most of them, they don't really
• 14:57
  care. And that's OK.
• 14:58
  There's nothing I'm not, you know.
• 15:00
  Come here if you want to talk about silver and gold.
• 15:03
  We love to talk about silver and gold.
• 15:05
  Thank you guys right now for being here.
• 15:08
  OK. I'm going to hop over to the
• 15:10
  comments. And see what what's going on.
• 15:13
  Hello, Coin Shop Chris. Thank you as always for being
• 15:17
  here. Everybody, please tell Coin Shop
• 15:20
  Chris Hello. Hello, Hello, Mark.
• 15:22
  Hasley says his first goal was 100 ounces.
• 15:25
  Happy to have. Good job, Mark.
• 15:27
  That's awesome. Marsh Maz is calling for a
• 15:31
  breakout soon. Yeah, I looked at the silver and
• 15:34
  gold prices this morning about even.
• 15:36
  I haven't had a chance to look for the last hour and a half.
• 15:40
  How silver doing? Somebody tell us in the
• 15:42
  comments. Run your own race.
• 15:45
  I'll run mine. Yes, exactly.
• 15:49
  We all are running our own race. I go to coffee shop tip jars to
• 15:57
  don't steal money from the coffee shop tip jars to get your
• 16:01
  Wesley says that I need to put on a new shirt and maybe the
• 16:06
  price will go up. All right, let's see what we
• 16:08
  got. Cost a family of four per month.
• 16:11
  One ounce of Silver Krugerrands to buy food.
• 16:15
  Yes. Thank you, Buddy.
• 16:17
  Rumble, the Louisiana gold gurus in the house.
• 16:21
  Buddy, we were asking you, do you guys, do you guys want want
• 16:24
  to get a prediction from Buddy? Because he has a crystal ball.
• 16:28
  He predicted the current silver and gold price that we have
• 16:31
  right now, right. Buddy, are you willing to share
• 16:34
  with us in the comments? Will you share?
• 16:37
  We'll just ask for your Silver prediction.
• 16:40
  Okay, probably going to start charging money to give people
• 16:43
  your gold prediction. Buddy Rumble, what is?
• 16:46
  What is your prediction for Silver on January 3rd, six
• 16:52
  months from now? Buddy Rumble, we're so lucky.
• 16:59
  Okay. So looks like Silver is hovering
• 17:02
  right around Buddy Rumble. All right.
• 17:04
  Right now Silver's holding around $2023 per oz.
• 17:09
  Our good friend Buddy Rumble, you can watch.
• 17:11
  I've got some videos with him on the channel.
• 17:14
  Has been kind enough to share with us from his crystal ball,
• 17:18
  which works, by the way, that we will have six months from today.
• 17:23
  Silver, $30. We're going to hold you to that
• 17:26
  Buddy Rumble. And we sure as heck hope you're
• 17:29
  right. That's encouraging.
• 17:30
  Very, very encouraging. Let me ask you guys this
• 17:34
  question. This is I wanna, I wanna hear
• 17:36
  how you buy your silver, our gold.
• 17:40
  Do you buy it weekly? Do you buy it monthly?
• 17:44
  Do you buy it quarterly? Do you buy it one time a year or
• 17:48
  you just buy it randomly? When you think the price has
• 17:52
  gone down and it's a good time to buy, let me know.
• 17:56
  Ancient Tom thinks we can get another dip.
• 17:58
  I'm waiting monthly. TJ's a monthly on the dips.
• 18:02
  David F Random Neil's random whenever it's cheap, says Greg
• 18:07
  Sanford. Well, that seems like always
• 18:09
  right if you if you listen to guys like me, I'm racing the
• 18:12
  10,000 ounces of silver I buy when I find a deal.
• 18:16
  Coin shop Chris says. Weekly, says Dinar.
• 18:19
  If that happens, CD Coeur d'Alene move rise to $8.
• 18:24
  I buy silver when I have savings, says Paul the light
• 18:27
  worker. Save weekly by low, says Dave.
• 18:31
  Monthly, says John. Sal Buddy Rumble says Treasury
• 18:35
  Secretary Janet Yellen is going to China on July 6.
• 18:40
  Yeah, that's breaking news, guys.
• 18:42
  Buddy broke that to me this morning.
• 18:44
  Yellen's going to China. Why do you think Janet Yellen's
• 18:47
  going to China? I don't know.
• 18:51
  Ancient Tom did monthly. Now he looks for deals, Raymond
• 18:56
  Fox says. I had a fire.
• 18:58
  I have over 40 ounces of gold. Stuffed all the gold in my coat
• 19:01
  pockets and had to leave all the silver.
• 19:03
  After the fire, I traded all the silver for gold.
• 19:06
  Very interesting, Joe says. I buy when gold to silver.
• 19:10
  Ratio is close to 90. Yeah, we're not far away from
• 19:13
  that by when the price drops. James Smith, Neil, I heard the
• 19:16
  plane went down. She needs to go to jail.
• 19:19
  Janet yelling coin shop. Chris.
• 19:21
  I'll buy when I see a deal. When I OK flowing monthly.
• 19:26
  Maybe they'll keep her. Yeah, maybe they'll keep Janet
• 19:28
  yelling in China. Oh, lordy, that's funny.
• 19:36
  We hope silver pops to 600. Well, I know Bic's weird.
• 19:40
  I hear him calling for that, and I hear a few other people saying
• 19:43
  $600.00 silver. When I say $600.00 silver, I
• 19:48
  think we could have $6000 silver.
• 19:50
  And people, Oh no. Well, talk to the people in
• 19:54
  Venezuela, right? Talk to the people in the Weimar
• 19:57
  Republic. If the dollar truly does
• 20:01
  collapse, which eventually it will, I'm not.
• 20:04
  I don't know if I'll see $6000 silver during my lifetime.
• 20:08
  My kids will probably see $6000 silver.
• 20:11
  I think there's a very high chance of that and at some
• 20:14
  point. Silver could be worth $6
• 20:17
  trillion. Talk to the people in Venezuela
• 20:22
  whose government got out of control with things like
• 20:24
  spending. Don't forget I got to hit this
• 20:27
  one. I'm mad.
• 20:28
  I'm mad, right? Whatever they called that, that
• 20:31
  that piece of legislation they passed to allow the government
• 20:36
  to borrow more money. They called it, like the fiscal
• 20:39
  constraint. They didn't just raise the debt
• 20:42
  limit, they suspended it, right. They gave their their their drug
• 20:49
  addicted kid a credit card with no limit and said I trust you,
• 20:53
  you'll look out for the wellbeing of the family, son.
• 20:56
  Here, here's a credit card with no limit on it.
• 20:59
  We don't have anything to worry about.
• 21:02
  Yellen going to hug Winnie Pooh? Triple digit silver.
• 21:09
  We need to give credit to keep new Meyer, the CEO of First
• 21:13
  Majestic Silver, right? The Crown Prince of Silver is
• 21:17
  what I like to call him, A guy I have a huge, huge respect for.
• 21:21
  OK, he's sticking it through. It's been a rough, rough time
• 21:25
  for silver mining companies, Gold mining companies, anybody.
• 21:29
  And Keith Newmeyer, guys, he's on our side.
• 21:32
  He's for a long time called for triple digit silver.
• 21:36
  Is it going to happen? You're darn Tooting it's going
• 21:39
  to happen. It is really going to happen.
• 21:42
  Larry had one more good thing to say and I think this relates to
• 21:45
  you and me. OK.
• 21:48
  Us. We're a group.
• 21:49
  We're together right now. Sure, it's we're in Ron's
• 21:51
  basement, but there's no Ron's basement without you right now.
• 21:55
  Joining me? Please give this a thumbs up.
• 21:57
  I'd really like to get to 100 so I can ring the bell 10 times.
• 22:01
  And don't forget to subscribe to the channel.
• 22:05
  And I want to say thank you. Over the last couple weeks, you
• 22:08
  guys have been super generous with the Super chats.
• 22:11
  I don't expect it. OK, I don't.
• 22:14
  But it does go a long way. I'm the primary breadwinner of
• 22:18
  our family and I got 211 year olds who are addicted to
• 22:22
  football and baseball cards. I don't know why or how.
• 22:24
  I wish they were addicted to silver.
• 22:26
  Trust me, I've tried. But they love football cards and
• 22:30
  baseball cards which is great. Identical twin 11 year old
• 22:33
  daughters. Hey, you know what, They're
• 22:35
  learning and and that's the important part and I'm very
• 22:38
  fortunate to have them. We also want to say thank you
• 22:42
  guys to coin shop Chris, if you don't mind in the comments.
• 22:46
  Please tell Chris thank you. He works a ton behind the scenes
• 22:51
  to help this channel. This would not be possible
• 22:55
  without Coin Shop. Chris or Susie, right?
• 22:59
  OK, Larry, and this is, this is what it's all about, Larry said
• 23:05
  finally. Ron, find a friend.
• 23:08
  Let that sink in. Find a friend.
• 23:12
  I have a few very close friends. I trust.
• 23:15
  We were in the Marines together. So thank you for your service,
• 23:18
  Larry. It's great to have someone to
• 23:20
  share with and get different perspectives.
• 23:23
  We support each other. Not everyone thinks the same.
• 23:27
  It's great to be in a support group and maybe, you know, I
• 23:30
  don't want to get too mushy and gushy guys, but maybe this is
• 23:33
  our support group, right? I was talking to John Little the
• 23:37
  other day. He's a well known analyst in the
• 23:40
  precious metals market. And he said it.
• 23:42
  He said, you know what? And let's face it, you know not
• 23:45
  what's going on in the world can be scary.
• 23:48
  It is right? We all were humans.
• 23:50
  We experience fear. It's OK.
• 23:52
  I experience fear. I do OK And we're were the
• 23:57
  people. We're digging in the dirt.
• 23:58
  We're examining what's really going on out there.
• 24:01
  And it can be, it can make us mad.
• 24:04
  It can make us sad. It can make us angry.
• 24:07
  I guess that's the same as mad. We need each other, right?
• 24:12
  We aren't just like sitting and watching TV and believing
• 24:15
  everything they're saying to us. Uh huh.
• 24:17
  Uh, huh. No.
• 24:18
  We're kind of digging in, working together, and it can be
• 24:23
  challenging at times, right? And we want to keep a good
• 24:26
  attitude. It's it's it's weird because it
• 24:29
  can be very difficult, but it's also very rewarding and it's
• 24:33
  super rewarding for me. That I have you here in the
• 24:37
  basement. There is no Ron's basement
• 24:39
  without you. It's called YouTube, not Ron
• 24:42
  Tube. YouTube.
• 24:44
  OK. Annie Oakley.
• 24:47
  Hey, I got identical twin sons. I think you said songs.
• 24:51
  That's awesome. Let me know how old they are.
• 24:53
  Annie Paul the light worker thinks silver will go to 80 and
• 24:57
  then a hundred and then 200. And then 400.
• 24:59
  And then $600.00 per oz. We like you.
• 25:05
  Hey buddy. Rumbo.
• 25:06
  Yes. Let's give Chris a round of
• 25:08
  applause. What's the opinion?
• 25:11
  The bricks. Yeah, I've been reading more and
• 25:14
  more about this Bricks. The more and more I read about
• 25:17
  it, the more I hear more and more people indicating that
• 25:22
  we're going to see a gold back currency.
• 25:25
  I'm 5050 that that's actually going to happen.
• 25:29
  Do you guys think? Let's ask the community.
• 25:32
  Yes or no? Do you think that on August
• 25:35
  22nd, we're going to get some definitive announcement from the
• 25:39
  BRICS, Brazil, Russia, India, China, South Africa, where
• 25:43
  they're going to explicitly say we're starting a new reserve
• 25:46
  currency, our new trade currency?
• 25:49
  Because guys, there's a big difference there.
• 25:51
  We'll talk about that in another live stream, but that we're
• 25:54
  starting a new currency, let's just say it for this point and
• 25:58
  that it'll be backed by gold, yes or no, because if it's a
• 26:02
  yes. Patrick Holland.
• 26:04
  Hey Patrick, good to see you my friend.
• 26:07
  If it's a yes, that's that's big news for the silver and gold
• 26:12
  community. Big news.
• 26:14
  No, no one. Guy and Steve say no.
• 26:18
  Crookline wine Shop. Chris says thanks buddy.
• 26:20
  Doctor Jekyll says hello, Pat. Yes.
• 26:24
  Cody, Corey Gary Hennessy says no.
• 26:29
  So that would be big news. Gold and silver, diamonds oil,
• 26:32
  etcetera. Yeah, you know the well, the.
• 26:34
  Let me, let me touch on two things.
• 26:38
  Low blood pressure. Great comment.
• 26:40
  Yes. Backed by gold.
• 26:42
  Not rumors. True, says Marsh.
• 26:44
  Mass Coda. Corey says gold back CBDC.
• 26:47
  Yes, but not August, says Nick. At night, buddy.
• 26:50
  Rumble, Yes, but it will. But it will.
• 26:53
  But why is yelling going to China?
• 26:55
  Yeah, let's read between the lines, right.
• 26:59
  It'll be interesting to see how they receive her in China.
• 27:01
  Remember, right before the midterm elections, right back in
• 27:06
  what was that September when our fearless, courageous, ultra
• 27:11
  sharp President Joe Biden went to Saudi Arabia and they didn't
• 27:15
  wouldn't even shake his hand. They gave him a fist bump and
• 27:18
  then they kind of snubbed him, right?
• 27:21
  He went there to beg them to pump oil so the oil prices would
• 27:24
  go down. Maybe had something to do with
• 27:27
  the midterm elections, but we no, I was just coincidence,
• 27:30
  right? And then a week later, President
• 27:33
  Xi of China went to Saudi Arabia and they, like, had the cavalry
• 27:37
  horses leading him to the palace and fighter jets flying over
• 27:41
  with the Chinese flag colors. It's going to be interesting to
• 27:45
  see how the Chinese receive Janet Yellen, right?
• 27:49
  Very interesting. Very interesting.
• 27:55
  Now the other thing we need to talk about with this reserve
• 27:59
  currency, and I'll talk about it briefly, but there is a
• 28:02
  difference, guys, between a currency being used as a reserve
• 28:07
  currency and a trade currency. I'm not an expert in it, but
• 28:12
  I've read several articles and they make sense that the US
• 28:15
  dollar as a reserve currency being held by banks as a store
• 28:19
  of value is different than how it's used.
• 28:23
  As a trade currency around the world, right?
• 28:25
  Things like the Petro dollar and the fact that whatever 80% of
• 28:29
  the World Trade is done in the US dollar.
• 28:32
  Nonetheless, look, let's just be real.
• 28:35
  There's a movement afoot, A bifurcation occurring in the
• 28:39
  world right now whereby Eastern countries, when when they when
• 28:44
  combined, which have a population which dwarfs that of
• 28:48
  the United States and economic power.
• 28:52
  Combined, which is larger than the United States and economic
• 28:56
  power in those bricks countries bricks plus, right.
• 29:00
  That's growing and they have a growing middle class and that
• 29:06
  middle class has precious metals, gold and silver
• 29:11
  ingrained in them on a cultural level for thousands of years.
• 29:17
  I think this is soaky outside. I told you guys I was talking to
• 29:19
  my young. Is my cousin's son Bobby, very
• 29:22
  sharp guy over the weekend. He's 30 years old, super smart
• 29:27
  guy. And I, he brought it up, he
• 29:30
  blast me about my channel and then he started talking about
• 29:33
  silver and gold and then this. We've had horrible storms in St.
• 29:37
  Louis. Then the like tornado came
• 29:38
  through. But before the tornado came
• 29:40
  through we were talking about how in China, in India, in
• 29:45
  Russia. In South America, all over the
• 29:48
  world, those people right now, remember those are growing
• 29:52
  economies with growing middle classes.
• 29:54
  They they the the majority there understands the value of
• 29:59
  precious metals. It's like the opposite, it's
• 30:02
  inverse of here, like we're maybe 3% of the people here.
• 30:06
  Yeah, 1% understand. Less than 1% own precious metals
• 30:11
  over there. It's the opposite.
• 30:13
  It's almost everybody owns precious metals right.
• 30:16
  In the one or two or three or 5% that don't, they're kind of like
• 30:20
  the the, the lost sheep. So the future looks bright.
• 30:24
  Hey, thank you guys for joining me.
• 30:26
  I'm going to see you soon. Have a great.
• 30:28
  Oh, wait a minute. Come on, we need to get to 100
• 30:31
  Thumbs up. Come on, guys.
• 30:33
  Petro dollar is over. Only a matter of time.
• 30:36
  Thank you, James. Yes, I would agree.
• 30:39
  I would agree. Cody, Corey, have a silver bag.
• 30:43
  Come on, we need one more thumbs up, guys.
• 30:45
  We can we do it? I guess you can't do double
• 30:48
  thumbs up 101. All right, this is funny.
• 30:52
  I ring the bell one time for each ten thumbs up.
• 30:57
  And somebody when I first did that, said that's called
• 31:00
  ringflation. I thought it was funny.
• 31:04
  Now we got 110 thumbs up that warrants 124 thumbs up.
• 31:09
  That warrants 12 rings. Let's get it to 130 thumbs up,
• 31:13
  guys. Can we do it?
• 31:15
  I think we can. If I don't, look, it'll happen.
• 31:19
  New stacker. Hey, Jimmy Smith.
• 31:21
  Everybody welcome Jimmy Smith. He's a new stacker in Paducah,
• 31:25
  KY. Not too far from where I live
• 31:27
  here in Saint Louis. And I hear Paducah is a cool
• 31:30
  town. Welcome, Jimmy.
• 31:32
  You're a smart man. You're a smart man.
• 31:35
  You've got 5000 years of history on your side when you own silver
• 31:41
  and gold. OK, that's a fact.
• 31:44
  Hey, Neil's here and America will lead the world.
• 31:49
  Ding be. All right, 129.
• 31:52
  Come on. I'm waiting for one more thumbs
• 31:53
  up. Hey, Silver Shire from
• 31:55
  Evansville. Hey, Jimmy.
• 31:57
  Everybody says welcome. Jimmy.
• 31:59
  We got it. 12345678910111213 You have a great day.
• 32:07
  OK, I'll see you soon. Thank you.
• 32:09
  Thank you. Yes, you remember, there's only
• 32:14
  one you. And there's no joke about that,
• 32:16
  right? We're like one in a trillion
• 32:17
  chance that we're here. Let's do the best we can, and I
• 32:20
  will see you soon.