Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⭐URGENT⭐ Africa and BRICS Welcome NEW ERA for GOLD and SILVER

Transcript

⭐URGENT⭐ Africa and BRICS Welcome NEW ERA for GOLD and SILVER · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:02
Hey, guys, welcome to the live stream.
0:03
Welcome to the basement. Thank you for joining me.
0:06
Yes, you're in a basement in Saint Louis.
0:10
And yes, we're going to talk about your favorite subject,
0:13
silver and gold. We got a ton to cover today.
0:16
There is so much going on. Big, big stories unfolding.
0:21
We're going to talk about the demise of the US dollar.
0:24
What's Janet Yellen herself saying and about big
0:28
developments going on with the BRICS countries, Brazil, Russia,
0:31
India, China, South Africa and is Africa making moves as a
0:36
continent to move towards the gold standard?
0:40
Now some of us Americans are mistaken and we think Africa is
0:43
a country, Africa is a continent.
0:46
I can even find myself slipping up sometimes made-up of a
0:49
multitude of countries with massive amounts of natural
0:54
resources. Guys, we got to talk about
0:56
Africa moving toward a gold standard and, and we're going to
1:01
shift gears a little bit later and talk about silver.
1:04
Can you really buy silver right now for like 5% over spot?
1:10
What is going on? What does it mean?
1:12
We're going to talk about premiums and how you can maybe
1:16
get your hands on some silver for prices that we haven't seen
1:20
in a long, long, long time. But first, I want to give you a
1:23
very serious warning. We're doing a giveaway with our
1:28
channel sponsor, Pembax. We've got three of these
1:32
beautiful Coca-Cola silver bars. There are scammers out there.
1:37
Warning, warning, warning. There's a video that you can go
1:41
to. There'll be a link in this
1:42
video, All my videos. There's a giveaway video that
1:45
you go to and you leave a comment that says thanks,
1:48
Pembeks. I will never, ever reach out to
1:52
you before the end of the giveaway.
1:55
The date of the giveaway, which is August 31st.
1:57
There are scammers. They're everywhere on YouTube.
2:01
They take my picture, they make it look like it's me.
2:04
They send you a message saying you won.
2:06
That's an absolute scam. Please don't fall for it.
2:10
We're doing everything we can on our end to mitigate this to to
2:14
eliminate these people from the channel, reporting them to
2:17
YouTube and all that. But they are insidious.
2:19
They're like cockroaches. So I wanted to share that with
2:23
you, please. If you get a message from
2:26
somebody that looks like me, it's not me.
2:29
If you ever want to get a hold of me, my e-mail address is
2:31
always in the description of this and every video.
2:35
But let's talk about what Janet Yellen said about the US dollar.
2:38
Guys, if the US dollar goes into the toilet, the.
2:41
Value of your gold and silver. Does not go into the toilet OK.
2:46
Let's go take a look at this, 'cause this was big, big news.
2:51
We've got Yellen. Admitting that sanctions could
2:54
impact the US dollar dominance as concerns mount over dollar
2:59
hegemony, hegemony, whatever. However you say that word, that
3:03
word basically means dominance. The hegemony means the fact that
3:08
the US dollar had. Ruled the world.
3:10
For the last 50 years and that at that now is coming to a
3:15
quick, quick end now. Just briefly, let's talk about
3:20
what she said. Treasury Secretary Janet Yellen
3:23
on Tuesday testified before the House Financial Services
3:27
Committee. She said that one of her
3:28
concerns is how to best protect the international status of the
3:33
US dollar. Yeah, this the fact that the US
3:35
dollar has been the bully of the world for the last 50 years.
3:39
That's really what she's saying as U.S. financial sanctions have
3:44
pushed more countries to seek alternative financial
3:47
transactions. Guys, this is insane.
3:49
This is it's almost humorous method, financial transit
3:54
methods that do not involve the US dollar.
3:56
So they're wondering that, think about this.
3:59
They're wondering why countries and this all, we're going to
4:02
talk about the BRICS, we're going to talk about Africa all
4:05
moving away from the dollar. But think about this, they're
4:08
wondering why are countries moving away from the dollar?
4:12
Well, we got a clue for you, Janet.
4:14
Let's get Janet out. It's been a couple days.
4:18
Inside this box is our friend Janet Yellen.
4:23
OK, we got. We got.
4:27
News for you, Janet. When you put sanctions on
4:31
countries, when you take their dollars away from them, when you
4:35
don't allow them to trade in U.S. dollars, think about it.
4:40
What are they going to do? Well, they're going to move away
4:43
from the dollar. Hello.
4:45
So the more countries you sanction, right?
4:48
Russia, whatever, Iran, I mean there's a whole list.
4:51
North Korea, who knows? The more countries that you do
4:56
not let trade and put sanctions. On They're going to move.
5:00
They're going to move away from the dollar.
5:02
OK, sorry, didn't mean to be harsh there, Janet.
5:05
But US basement dwellers, we're a little fed up with this BS.
5:09
Their remarks from Yellen have shed light on growing concerns
5:12
regarding U.S. dollar hegemony. Hey Gemani.
5:16
Experts believe that the weaponization of the US dollar
5:20
will reduce its dominance in the world dominance as the world
5:25
moves toward local currency settlements and accelerates and
5:30
and accelerate policies to facilitate.
5:32
De. Dollarization.
5:34
Yeah, OK. In her testimony before
5:37
Committee of Financial Services in the US House of
5:39
Representatives, Yellen said that more sanctions.
5:43
This is Oh my gosh. Yellen said that the more
5:46
sanctions that the US imposed, the more countries will seek
5:50
financial transaction methods that do not involve the US
5:53
dollar. Like we just said, guys, I mean,
5:56
it's it's just wow. I wonder how much money she
6:00
makes for forgetting to say all this stuff.
6:03
Yes, if you sanction countries, if you don't let them trade in
6:08
U.S. dollars, guess what? They're not going to use U.S.
6:11
dollars. They're going to use the new
6:13
bricks settlement currencies. They're going to use gold.
6:16
They're going to use other things.
6:18
I mean, come on, Eisenhower. I I'm telling you guys, the
6:22
founding fathers of this country are rolling over in their grave.
6:26
I went to Susie and I went to visit Lincoln's tomb up in
6:29
Springfield before the girls were born 15 years ago.
6:32
I bet if we went there now together, I don't know where
6:35
Jefferson's buried or washed. They're all you're going to
6:38
think there's an earthquake. Those guys are rolling over in
6:41
their graves about what's going on.
6:43
Don't forget, on top of it all, OK, this fall or September, I
6:48
believe it is. We've got a major BRICS meeting,
6:51
BRICS summit in Russia. We know a couple things.
6:55
We know that the big Russian finance ministers are talking
6:59
about wanting to have a settlement currency, and they're
7:02
eluding. All right, I'm not going to.
7:05
I don't want to spread misinformation because none of
7:07
this is written in stone. But there are some people who
7:10
believe it's almost a done deal, that they're talking about a
7:13
settlement currency that will be backed at least in some part by
7:18
gold, gold, silver, other real assets.
7:21
We know that. We know that Vladimir Putin has
7:25
explicitly said. That that's what they want.
7:28
They want to move away. I mean, he said it himself.
7:30
It's an unbelievable quote from Putin saying the West thinks
7:34
they can use all this make believe ferry money.
7:37
I forget how he said it, right? They want to move.
7:39
So we know that's going on. What else do we know?
7:42
We know there's this project in bridge from the Bank for
7:45
International Settlements, right?
7:47
We know that there's all these new agreements being forged not
7:52
just between the BRICS countries, but other countries
7:54
as well, where they are moving away from the US dollar.
7:58
Look, I don't like it, you don't like it, but we got to admit
8:00
what's going on. And to a certain degree, right,
8:04
we almost can't blame these countries.
8:06
They're tired of of sanctions. They're tired of being bullied
8:10
by the. US and the US dollar.
8:12
Why don't we all? You know what I want to say
8:13
quickly to you. Thank you for being here.
8:16
Yes, you. You are you.
8:18
I'm talking to you. It's always just one you, and
8:22
you are very important. You're the most important part
8:24
of Ron's basement. If you want to do something
8:26
nice, find that button that looks like that.
8:28
Thumbs up. Please give this a thumbs up.
8:30
We'll get the word out to more and more people.
8:32
Leave a comment in the comment section.
8:35
OK, I see Jake from Jake's custom parts.
8:37
I see. Annie Oakley I got like Mr.
8:40
Rogers mirror. I can see you guys.
8:42
Thank you Echo Leaf. Thank you Daniel for being here.
8:45
What a great community so guys like.
8:50
Not crackpots OK, smart people are talking about this fall.
8:56
I have even heard somebody like saved like all it sounds like a
8:59
done deal that this fall we could have a gold backed
9:04
settlement currency. I'm not saying I think that's
9:06
going to happen, but we are moving in that direction.
9:09
OK, it's a. Big, big deal.
9:11
And we know. We know, right?
9:14
Think about Russia. Think about Russia.
9:17
All right, Let's think about unfortunate.
9:19
This is not happy news for us. I mean, America, we've been
9:22
under, and I'm not going to go into the big assassination
9:24
attempt thing. Yes, it's horrible news.
9:26
Yes, it's very disturbing what went on.
9:30
There's so much coverage on it. I figure you're here to talk
9:32
about silver and gold. But I do want to recognize it's
9:35
a very disturbing situation. It creates massive uncertainty,
9:40
OK, And we're going to get back to Russia in a second.
9:42
But it creates massive uncertainty right now.
9:45
Think about, you know, and Joe Biden was apparently did a, a, a
9:49
press conference from the Oval Office last night.
9:52
And more signs of mental deterioration.
9:56
OK, Everybody's saying it, even even the liberal media.
9:59
So I guess I can say it without getting censored.
10:02
It's not a good situation right now.
10:04
A massive amount of uncertainty in our world on both the
10:08
democratic and the Republic. I mean, it's just, it's really a
10:11
scary situation. Now, enough of that.
10:14
I promised I wouldn't. Russia think about.
10:16
Russia, think about, think about. 2 1/2 years ago when the
10:21
war in Ukraine started, and remember Russia, we were going
10:23
to eliminate them from the world.
10:25
The ruble is going to be rubble. That's what Joe said.
10:29
Joe Biden, our president at the time, he said we're going to
10:32
make the ruble and the rubble. Well, guys, the reality is the
10:36
Russian economy has done very, very well through all this.
10:40
They're forging strong relationships with countries
10:44
like China. They're forging strong
10:46
relationships with North Korea. Vietnam was one of the most
10:50
recent. Think about this.
10:52
This is crazy. We got to stay on top of world
10:56
politics, guys, 'cause we live in the world.
10:58
We just wherever you're joining me from, right?
11:00
You might be in Texas. I know one of you's in Texas.
11:03
You might be in Missouri. Look, I'm, I'm a Missouri
11:06
hillbilly. I'm, I'm proud to admit it, huh?
11:09
You might be wherever you are, OK, wherever you are.
11:13
The, the, the reality is the world is much, much bigger than
11:17
just the United States. I think we're all, and I'm
11:20
guilty of it as well. We think everything is, you
11:23
know, the United States know the world is changing like never
11:26
before. And what was the big, big slap
11:30
in the face for the United States?
11:32
The massive slap in the face when the whatever he's called
11:36
Prime Minister too many terms to remember.
11:39
I'm sorry. I apologize.
11:40
The president of India, Modi. Modi.
11:44
Guys, he just went on a trip to Russia in like and, and, and
11:48
signed some big agreements with Vladimir Putin, right?
11:53
II I thought they were our ally. You know, remember, we were
11:58
supposed to eliminate and isolate Russia.
12:02
Well, why is President G and Putin always getting together?
12:05
We got the president of India going over there and we got
12:08
Putin traveling all over the world, right?
12:11
This madman murderer, right, was what we're told.
12:15
And everybody's embracing him. The world is changing.
12:18
Look, I'm not pro con. I'm, I'm just pointing out the
12:22
best we can as we look at all this, the objective facts of
12:27
what's going on and it's darn scary.
12:29
So now what's going on in Africa gold standard.
12:32
So we got the, we got Yellen saying, well.
12:34
We ripped the. Dollar might lose some of its
12:36
status. Yeah, Janet.
12:37
And she's confused, she says. We think it might be because
12:41
we're putting sanctions on so many countries that they don't
12:44
want to use the dollar. Yeah, that's.
12:46
That would be why Miss Yellen, OK, you can come down here to
12:50
the basement. We'll we'll explain it to you in
12:52
very simple terms. You're also guys not going to
12:55
believe I may be wrong. You can, I may make a huge flub,
12:59
but I'm going to show you how I think right now.
13:01
You can buy silver for 5% over spot.
13:04
We're going to get to that in a second.
13:06
But you got you got this massive change going on in the world and
13:10
now we have Africa. These African countries that
13:13
have been a lot of them pretty abused gold standard.
13:16
Let's look at this very interesting developments out of
13:19
Africa. Uganda.
13:21
This is from mining.com. mining.com, Hold on here.
13:25
Hopefully you guys can still hear me.
13:28
Hopefully the live stream didn't end here.
13:30
Oh no. Oh no, not again.
13:32
Hello. Hello basement dwellers.
13:36
Hello. Let me know if you.
13:38
Can see me and hear me please we had a little flub up there so
13:42
I'm going to keep going and kind of wonder why bars OK all right
13:46
guys mining.com very interesting that's not right there we go
13:54
Hello. Hello.
13:54
OK mining.com. Uganda is latest African nation
14:00
to eye gold as a currency shield.
14:04
All right, let's read this. And then it gets it's gets crazy
14:07
and then we're it gets crazy. Uganda.
14:10
Uganda, they have. All the world's gold.
14:13
We're going to talk about that in a second year, OK?
14:16
Uganda plans domestic gold purchases to build foreign
14:19
exchange reserves and limit risk on reserve investments, becoming
14:23
the latest African nation to turn to the precious metals to
14:27
back up their currency. Big things are going on in
14:31
Africa, guys. You've got Burkina Faso and who
14:34
are the other? Burkina Faso and two of the
14:36
other countries that that have like, like are throwing the
14:41
French out. Basically.
14:42
The French apparently used to rule big parts of Africa,
14:46
throwing out the French throughout the United States.
14:48
We had a big drone base there as well, threw us out.
14:52
And these countries are saying like, we want to rule ourselves.
14:55
We're tired of being they claim they've been exploited.
14:59
Again, I'm just, I'm just relaying the news, OK?
15:02
The Bank of Uganda said it will directly purchase bullion from
15:05
artisanal miners, in a move that will also support government
15:09
efforts to support local miners and reduce raw imports of gold.
15:15
Ugandans move echoes a proposal by Nigerian lawmakers.
15:20
Now we got Nigeria. If there's too many, I don't.
15:22
Know all the African countries? There's too many Nigerian
15:25
lawmakers for the nations central bank to buy all locally
15:30
produced gold to shore up reserves and fight inflation by
15:35
all locally. Wait till you hear about that.
15:38
That's Nigeria. We're going to go back to Uganda
15:41
in a second guys. These countries are going on the
15:44
gold standard Zimbabwe. We're going to talk about them a
15:47
little bit too in April went a step further and launched a
15:50
brand new zig currency. Do you remember that right?
15:54
The. Basement to others who've been
15:56
around for a while. We talked a lot.
15:58
About the Zig short, short for Zimbabwe Gold, backed by 2.5
16:02
tons of the precious metal in its latest attempt to deliver
16:07
stable local unit. Ghana, Africa's second largest
16:11
bullion producer, previously told big miners to sell 20% of
16:16
what they refine to the Central Bank.
16:19
Ghana, Zimbabwe, Uganda, who else?
16:24
The list goes on and on. OK, I mean, it's like this is
16:27
this is big stuff going on in Africa.
16:29
Let's talk about incredible though.
16:32
Remember this guys? Remember this was big news.
16:36
What 2 summers? Ago Uganda claims to have like
16:41
all the world like they discovered a gold deposit that's
16:44
like equal. I think I made a video about it.
16:48
I'll show you where it is here in a second.
16:49
But equal to like all the gold that exists in the world right
16:53
now, Uganda has a ton of gold. Let's go look at this from
16:59
Reuters. And this was from two years ago.
17:01
OK, June 8th, so almost exactly 2022.
17:05
Uganda says exploration results show it shows it has 31.
17:11
Million tons of gold ore, we're going to convert that into
17:15
ounces of gold here in a second. Uganda on Wednesday said recent
17:19
exploration surveys have shown it has gold ore deposits of
17:22
about 31 million tons and wants to attract big investors to
17:27
develop the sector. Hitherto.
17:29
What the heck does hitherto mean?
17:31
Hold on a second, it's time. For us to expand our vocabulary.
17:36
Basement dwellers, hold on here. Hold on.
17:38
I got. I'm sorry, I got to do this.
17:40
What does hitherto mean? Hitherto Definition.
17:44
Hitherto is an adverb. It means until now or until the
17:49
point in time under discussion. OK.
17:53
All right. Yeah.
17:54
I'm not just going to say a word if I don't know what it means.
17:56
OK. So they want to attract big
17:58
investors to develop the sector up to now, which has been
18:03
dominated hitherto by by small Wildcat miners.
18:07
That's not what we're here for. We're here to hear about this
18:10
unbelievable amount of gold, Muyita said.
18:15
An estimated 320,000 tons wow of refined gold could be extracted
18:23
from the 31 million tons of ore. Now, if my math is correct, in
18:27
the United States we have 25. I'm sorry, 8. 1000 metric tons.
18:32
India and their houses has 25,000 tons if that's the same
18:37
measurement. That would be.
18:40
Like 40 times the amount of gold that the United States has at
18:44
Fort Knox in the ground in Africa.
18:47
Now what's interesting, OK, is that who they're.
18:52
Who are they going to work with? Who do you think they're going
18:54
to work with to get all this gold out of the ground?
18:56
Are they inviting American gold mining companies over Muyita and
19:01
Waghaghi? A, said Wagaki.
19:03
Wagaka, right there. Here, let me highlight that for
19:06
you, 'cause this is important. Basement dwellers, OK, this is
19:11
important and let's go up here, OK?
19:15
Oh, shoot, I'm screwing everything up.
19:17
Here we go. We're going to do that.
19:19
It's important in red, Muyati said.
19:22
Muyat Muyita Said Wagaki, a Chinese company, had set up a
19:27
mine in Busaya in eastern Uganda, and was expected to
19:31
start production this year. Wagagi had invested 200 million,
19:35
he said. And it's mine will have a
19:37
refining unit. They're working with the
19:40
Chinese. So think about this for a
19:42
second. Think about this guy's right.
19:45
Uganda has more gold than anywhere in the world.
19:49
Now. There was some suspicion.
19:50
OK, I made a video about this two years ago.
19:53
I'll show you that in one second quickly.
19:55
But. They have 40 times they claim
19:58
the amount of gold in the ground in Uganda that we have in the
20:01
United States and Fort Knox. And think about this fact.
20:05
Are they inviting Newmont in? Are they inviting Barrick?
20:09
Are they inviting any Western or American gold mining company in?
20:16
No, they're inviting in the Chinese, unfortunately,
20:21
possibly. Let me know what you think about
20:23
this. I'm just throwing it out there
20:26
like it might be a possibility. Maybe, just maybe those African
20:31
countries, based upon previous experiences with large western,
20:37
what some people might call colonial powers aren't
20:41
interested in working with big and, and maybe they trust, maybe
20:46
they trust the Chinese more than us.
20:48
I'm look, hey, I'm you're, you're, you're trustworthy.
20:51
I know that about you basement dwellers, right?
20:54
But I think like, don't we always think about this?
20:57
Don't we always as Americans, when you ask the average
21:00
American, what do you think about your politicians?
21:03
What do you think about your senators and your congressmen
21:07
and those guys? People are like they're scum.
21:09
Balls. That's just the reality.
21:11
That's what the. Congress has like what, the
21:13
lowest rating in history? I think even our president, Joe
21:17
Biden has like the lowest rating.
21:20
All right, I'm just stating the facts.
21:22
So we say these people are scum balls.
21:25
Don't you think that maybe they do scummy things to other
21:27
countries? Possibly.
21:28
I'm just throwing it out there. Just throwing it out there.
21:32
But it's always funny to me that then, like, when we, when these
21:34
politicians make these big major decisions, like to go to war,
21:38
all America's like, yeah. Yeah, you know, anyway, I
21:42
digress. Uganda has all the world's gold
21:46
now, and they're not working with the West.
21:49
They're working with China, from what we can discern, to get that
21:52
gold out of the ground. Do.
21:53
You think China has an interesting gold No, the Chinese
21:58
don't want any gold, do they basement while there's no What
22:01
are you talking about Willis Gee whiz, does it all start to make
22:06
a little bit of sense when you think about it from a big
22:08
picture of the world is a vampire you probably remember
22:13
that song but the world is also. Changing like never, ever, ever
22:18
before. And it's happening right now,
22:20
before our very eyes. And I'm telling you, do you do
22:25
you see this? Can you see this that the world
22:28
is moving back toward the gold standard and that the United
22:31
States is going to be forced. It'll be kicking and screaming,
22:35
right? This guy in here.
22:37
Hey it it'll be you think the. Founding Fathers The founding
22:41
fathers will stop rolling over in their graves when this
22:43
happens. This.
22:44
Guy, he's going to be having freak outs in here.
22:47
He's not going to like it because it is happening right
22:50
now as we're speaking right now. OK, right now.
22:56
All right, hold on here. Let's talk about Zimbabwe
22:58
briefly. Another Africa.
23:00
Africa. And we just looked out our nose
23:03
at Africa. You asked the average Joe on the
23:05
street about Africa, and they think it's a country, for crying
23:08
out loud, Right? Africa is massive.
23:11
Let's talk about this. This is interesting.
23:14
This is interesting. Hold on here, Zimbabwe.
23:18
Zimbabwe Zig hits record low, which sounds bad, but it's not
23:22
his interest rate. OK, here we go.
23:23
Hold on here. What the heck is this ad on the
23:26
bottom? Can I get rid of this thing?
23:28
Well, orange is my favorite color.
23:30
OK? Zimbabwe gold, also known as the
23:34
Zig, performed impressively since it was introduced to the
23:38
market in April. Of this.
23:41
Year. So it's new, guys.
23:43
I mean, heck, it's only what, three months old?
23:46
OK, the US dollar zig exchange rate.
23:48
OK, because Zimbabwe had hyperinflation.
23:51
Let's put let's set the stage here.
23:53
Zimbabwe had hyper hyperinflation.
23:56
Remember, like Zimbabwe's the country where you can get like
23:58
a. $8 trillion bill the the price of silver and gold.
24:03
I used to have some charts, but I mean, it's like people, the
24:05
only people who survived in Zimbabwe, guess who they were?
24:10
They were the people that had their their their wealth stored,
24:13
part or all. In precious metals, OK, they
24:17
have hyper periods of crazy hyperinflation.
24:20
Wow. Thank you, Jim.
24:22
Man, wow, that raises my spirits.
24:25
My spirits have been a little down lately.
24:27
Guys, I'm human, you're human. But the love and support I get
24:31
from you guys, it's always a nice little shot.
24:33
So thank you very much now, but Zimbabwe?
24:37
Big trouble. So what they do, they said oh,
24:39
we're going to make a gold backed currency.
24:41
We're going to go on the gold standard.
24:43
I wonder if that'll work. And then all the big Western got
24:46
people. And I think even at one point it
24:49
was like a couple of years, they tried this one.
24:51
The IMF was like, that's a ridiculous idea to try to back
24:55
your currency with gold you need to buy.
24:57
They had the nerve to say like you should just borrow money
25:02
from the IMF or whoever. Western bankers, right?
25:07
And the the leaders in Zimbabwe were like, we tried that a
25:11
couple times and you basically dug us into a massive hole where
25:15
we wound up with hyperinflation. So they said we're going to try
25:19
to back our currency with. Gold.
25:21
OK, all right. Here we go.
25:23
I can, I'm sorry, I can. This is just fascinating
25:26
subject. the US dollar Zig exchange rate moved from 13
25:31
three to 1376, its highest point on record.
25:34
This performance has made it relatively stable and has won
25:38
praise. This is interesting from a team
25:41
from the International Monetary Fund that visited the country.
25:45
Recently so now the I'm at the same way to go guys.
25:48
Great idea. You're you're solving your
25:51
problem. It wasn't there a report out of
25:52
the federal Philadelphia Federal Reserve just a few months ago.
25:56
Where they said, uh oh, am I in trouble here?
25:59
Nope. OK, I heard the basement door
26:01
open. I thought Susie was going to
26:02
tell me I was screwed something up.
26:04
Anyway, the Philadelphia Fed came out and said that they did
26:10
a study and they're like, you know what?
26:11
The gold standard really works. Sorry, I got off on a tangent.
26:15
Let's get back to our friends in Zimbabwe.
26:18
This stability has happened because of the central bank's
26:20
pledge not to intervene. Look at this.
26:24
Look at this. Hold on, basement dwellers.
26:28
All right, this deserves this. Every article.
26:30
Every article deserves something highlighted in red.
26:33
I am at all. Wow, of course.
26:34
The this stability has happened because of the central bank's
26:39
pledge not to intervene by printing more currencies.
26:44
Oh my gosh, what? You mean you can keep a currency
26:49
stable if you don't print it to oblivion?
26:52
If you don't treat it like Unicorn fart dust?
26:55
If you don't do what Gomer Powell did during the the C19
26:59
crisis and print 40% of the US dollars that have ever been
27:04
created, this is this is just incredible.
27:07
These people in Zimbabwe are are are are geniuses.
27:11
As it has done in the past, it also happened as the government
27:15
intensified its crackdown on the parallel market.
27:18
Blah blah blah OK oh this is interesting.
27:22
Another reason for the stability is that the central bank has
27:25
kept the zigs and again the zig is Zimbabwe gold.
27:27
Gold backed currency supply low. As a result, many people in
27:32
Zimbabwe have never seen a zig bank note.
27:35
According to Bloomberg, many Zimbabweans have warned that the
27:39
currency is only stable because it's unavailable.
27:42
People in Zimbabwe are very skeptical.
27:45
They've been burned so many times.
27:48
What they're going to learn, I'm telling you what they're going
27:50
to learn, is that a gold backed currency, if it maintains, if
27:54
it, if it, if it is absolutely backed by gold.
27:58
Will do wonders for their economy.
28:00
It did wonders for the United States of America.
28:04
I mean, have you guys heard that like the 180 or 150 years that
28:09
we were on the gold standard in this country marked like an
28:13
unprecedented period of technological and economic
28:17
advancement? That the.
28:17
World had never seen before. It worked really well.
28:22
Until Nixon decided in 1971 to take us off the gold standard.
28:26
I digress. However, analysts caution the
28:28
currency faces risk ahead, of course.
28:31
For one, it's a novel approach. This is funny.
28:36
This is what the this this is what the analysts are warning.
28:41
It's a novel approach that aims to stabilize the currency by
28:45
backing it with 2.5 tons of gold and $100 million in cash.
28:50
What a novel. It's a very novel approach
28:53
that's only been used successfully for the last 5000
28:57
years. Oh my gosh.
29:00
OK, the central bank hopes to use the country's gold resources
29:03
to back it up. This makes it a big experiment
29:05
that could fail. No, it's not a big experiment.
29:08
No, it won't fail. OK, how can they say this?
29:16
How can they say it's a big experiment?
29:19
It's been done hundreds of times for thousands of years.
29:23
Gold and silver as real money. Work, you analyst goes.
29:29
Zimbabwe, we're rooting for you, right?
29:31
Real money. It's a way for average or
29:34
working people in countries all over the world, right?
29:39
To store the value of their work in a currency that doesn't get
29:43
printed into oblivion. Go figure.
29:47
Well, that doesn't work well for the big bankers.
29:50
They don't like that. Don't trust.
29:52
Don't trust big bankers. Basement dwellers are you?
29:55
Do whatever you want. I'll never tell you exactly what
29:57
to do, but don't, don't trust big, big bankers.
30:00
OK? And just to prove to you, you
30:04
want some proof, OK, I'll give you some proof.
30:07
Bloomberg. Bloomberg did actually write an
30:11
article about this. Here we are.
30:12
And this was just the other day and I can't find the date on it
30:16
though. Anyway, Bloomberg says the IMF
30:19
says Zimbabwe's zig that's the Zimbabwe gold back currency has
30:25
ended about of instability. The fund project fund projects
30:31
inflation it's 7% on account of stability.
30:35
Guys, they were having like 15 zillion percent inflation in
30:39
Zimbabwe. This is because of the gold
30:41
standard. This is because of backing a
30:43
currency with gold, something that can't be printed silver
30:47
something that can't be printed. Growth forecast revised to 2%
30:51
and recovery, recovery seeing it gosh, it's funny how this works
30:55
and there. Oh, there it is.
30:56
Is that a zig? Yeah, Check that sucker out.
31:00
Good as gold, baby. Don't screw it up, Zimbabwe.
31:03
The Zig is the nation's sixth attempt.
31:06
At a functioning local currency in the past 15 years, but as far
31:09
as I know, the biggest now here, we're going to read this the
31:12
best we can. Yes, it's hard to read because
31:14
Bloomberg has a paywall. And I actually looked at doing
31:18
it. It was like O2.
31:19
Dollars a month. I'm like, that's worth it.
31:21
Bloomberg's good. And then I clicked on it.
31:23
It was like $35.00 a month. And as Susie will tell you, I
31:26
have a problem with spending money.
31:29
I'm a tight wad. That's why when I buy silver and
31:32
gold eyes when I get the most metal for my money.
31:34
We'll talk about that in a second 'cause we're going to
31:35
talk about how right now if my. Math is correct, and it usually
31:40
is. You can get silver for five.
31:42
Percent over spot. None the less, the deal wound up
31:45
being $35.00 a month. I'm like, that's an ounce of
31:48
silver a month. And usually all the good stuff's
31:52
in the first paragraph. And we can read the first
31:54
paragraph here. I will read it for you.
31:56
The International Monetary Fund says the introduction of a
31:59
bullion backed currency. All right, the gold standard by
32:04
Zimbabwe has helped to end instability of that had plagued
32:08
the economy. I'll try to read this next part
32:12
as it disappears into the paywall.
32:14
The ZIG official exchange rate has so far remained stable,
32:18
ending a bout of macroeconomic instability in the first three
32:22
months of the year, the fund said in an emailed statement
32:25
Wednesday. So the International Monetary
32:28
Fund. Is saying OK, And that's even,
32:32
according to Bloomberg. The gold standard's working.
32:35
The silver standard's working. All right, let's.
32:37
Talk about you buying silver for 5% over spot.
32:41
Do you know what this is? Huh.
32:43
That's silver. That came from Big Tim, the
32:46
Silvershire, one of the basement dwellers.
32:48
It's a dollar worth of silver, 1956 quarter, 1958 quarter and a
32:54
1963 Kennedy half dollar. It's hard for me to show this
32:58
stuff to you and I have to be embarrassed 'cause I chew my
33:02
fingernails. But anyway, this is silver.
33:04
OK, 90% some people. Call it junk silver.
33:08
I don't like. That term, some people call it
33:10
constitutional because it's in the Constitution.
33:13
Other people, I don't know what they call it.
33:15
I call it real money, right? Listen, listen.
33:18
OK, listen. All right, but let's go check.
33:21
We're going to talk about can you buy this stuff for 5% over
33:25
spot? OK, we're going to talk about
33:27
that, but let's go out to let's do a check on this.
33:30
So wow. 450 basement dwellers on a What is today?
33:36
Monday morning, Monday morning. OK, here we are Channel sponsor
33:39
Pendeks where you can buy silver, gold and platinum group
33:42
metals and what I usually find to be the best prices, which
33:46
means when your package shows up from Pinbex, you're getting more
33:51
metal for your money. I call it the three M pledge
33:55
more metal. Well, that's three MI think that
33:57
name's taken anyway. More metal for your money at
34:00
Pinbex. OK guys, do yourself a favor and
34:03
check out Pinbex. But let's check.
34:05
I'm going to press the magic Pinbex button.
34:08
Last we checked, or before we came on, gold was up $3, silver
34:13
was up a whopping 2 cents. Take your blood pressure
34:16
medicine. Here we go and and.
34:20
Did it refresh All right? Hey, Yabba dabba, huh?
34:24
Gold's up $8.88. Eight is great.
34:28
Silver is up eight cents. Today is the day of the Great
34:31
Eights, by the way, if you want to say thank.
34:32
You to our our moderators that that that are here this morning.
34:37
I know I saw Jake, I know I saw Annie.
34:39
Maybe Susie's on here. I don't know.
34:41
I think I hear her rumbling around upstairs type. 888.
34:45
In the comments and say thank you to the moderators.
34:47
You know what I'm going to put my money where my mouth is and
34:50
do it myself. There we go, 8 is great, and
34:54
that's for the. Hey, thank you, Daniel.
34:56
Thank you, Annie. Thank you.
34:57
Great. Nate, man, everything's 8.
34:59
Today. Oh, shoot, hold on.
35:04
Sorry, guys. Yeah, I'm a one man band, you
35:07
know, and I'm. I apologize.
35:09
Mistakes are going to happen. This is live.
35:11
I'm doing all of this on my own. And trust me, right?
35:16
I have a hard enough time just just dealing with life on my
35:20
own. So let's go back to Penn Beck's.
35:22
OK, Wait a minute. Let's.
35:23
Go back here. You want to hear?
35:24
About can you buy I have to ask you a question.
35:27
So I was watching Rafi, I think it was Rafi Farber video he does
35:31
on Arcadia Economics every week last night and he was talking
35:34
about he was showing the premiums on silver and I think
35:37
it was the 90% silver. And he was like, premiums are
35:40
they're low guys, but there's something and and we're going to
35:43
talk about the remember, we're what we're talking about here is
35:47
this junk silver, right? Here's a dollar's worth like I
35:51
showed you earlier, a 50 Cent piece and two quarters and
35:55
something interesting that that I think he said it or somebody
35:58
else recently said it about about premiums on silver.
36:02
Like that doesn't really affect the spot price that we pay, OK.
36:07
The spot price that's determined by that free market, the COMEX
36:12
and the OBMA, the London Million Market Association over in
36:16
London, England, where there's been been people who've spent
36:19
decades proving that those both those places completely
36:22
manipulate the price of silver. But none the less, I digress.
36:26
The premiums, they don't really affect the price of silver.
36:29
The premiums really are more of a reflection of just supply and
36:33
demand on the retail side. So premiums are really, really
36:37
low right now. So I this morning I thought, can
36:40
you really buy silver? I think the, the average was
36:43
like 8-9 percent was the most recent data I saw.
36:47
So I went, my local coin shop has a online like sheet where
36:51
they say what they buy and sell for.
36:53
And I did the math on, on this stuff, on junk silver and on
36:58
constitutional silver. And it was like, I'm like, is
37:00
that right? 5% over spot?
37:03
Then I thought, I'm going to go to Pimbeck.
37:05
So I'm going to walk you guys through this example.
37:08
Some of you know how this works, some of you don't.
37:12
And I could be making a big mistake.
37:13
So some of you could call me out and say, Ron, you're wrong.
37:16
But I thought, I wonder what Pimbeck's has and can you really
37:20
get? So I went over here to silver
37:22
and I went to silver US coinage 90%.
37:26
So some people call it 90% silver, some people call it junk
37:30
silver, some people call it constitutional silver.
37:33
It's basically in, in the comments.
37:36
Rip me apart if I get this wrong 'cause I'm not coin shop Chris.
37:39
Coin shop Chris is the coin guru, OK, the coin shop guru.
37:43
And by the way, he's got his own new channel, Coin Chop chris.com
37:47
on YouTube. But none the less, I'm at pen
37:49
backs right now, my gracious channel sponsor and I went to
37:53
this silver and I went to silver US coinage and I thought, OK,
37:58
I'm going to see what they got going on.
37:59
So it's all pre 1960 four, 90% silver.
38:04
All right. And I was just curious.
38:06
I thought what's the biggest thing they got And it's down
38:08
here 90% American silver coins, $100 worth, OK, $100 worth of
38:16
Washington quarters. So these will be and correct me
38:20
if I'm wrong guys, pre 1964 quarters they will be made 90%
38:27
out of silver. OK, All right.
38:32
So if we go, let me just go back to make this simple.
38:37
So $100 worth of these hundred, that's FV stands for face value,
38:42
400 quarters, OK, each $1.00 of face value of 90% silver.
38:50
So each one dollar, 4 quart, you can either have four quarters,
38:53
10 Dimes, you could have 5 Dimes and two quarters, you could have
38:57
250 cent pieces you could have anyway, anything of this that
39:03
adds up to $1.00, that's called $1.00 face value.
39:07
Each one dollar has point 715 ounces of silver in it.
39:12
So if you've got this, let me show you this again, for those
39:15
of you that are new to this, if you've got this right, two
39:19
quarters and a half dollar, I don't want to drop it.
39:23
OK, that's that's a dollar. This is .715 ounces of silver,
39:29
so a little under 3/4 of an ounce of silver.
39:32
Now back to this example quickly Where'd it go?
39:38
There it is. OK.
39:39
So if you have $100, then you would have 71 1/2 ounces of
39:45
silver, correct? Correct.
39:47
OK. So if you buy this $100 face
39:51
value bag of quarters and I'm not recommending you do
39:53
anything, I'm just using this as an example about how low
39:57
premiums are and premiums on this 90% silver were like
40:00
through the roof like what, 14-15 months ago?
40:04
I mean, through the roof nonetheless.
40:06
You can't see this, but I have my calculator out right now,
40:09
same one I use when I look at the US debt clock.
40:12
If I multiply, OK, hold on here. If I multiply 71.5, 'cause
40:17
that's how many ounces of silver you would get with this $100
40:21
face value bag times the current silver price, which when we
40:26
checked it now, it looks like it updated here.
40:27
Now it's up $0.12. But if I multiply that times
40:31
30.92, I would get in melt value $2211.00 worth of silver.
40:41
Because again, all right, I'll say it one more time and correct
40:44
me if I'm wrong guys, 'cause I'm, look, I'm human, right,
40:47
$100 face value would be the equivalent of 71 1/2 ounces of
40:54
silver. OK.
40:55
And if I multiply that times the current spot price of $30.92, I
41:00
get 2211 dollars. They're charging for that bag
41:05
$2305.00. So if I subtract 2211 from 2
41:17
three O 5 OK, I get $94.00. OK, That's the premium that I'm
41:24
paying. And if I divide 94 by 2210, hold
41:32
on here, I'll do 2211. That's like 4% four.
41:37
It's point O 426. Correct me if I'm wrong, but you
41:42
can buy it and, and it's, and it's, and look, there's other,
41:45
I'm, I love pin backs 'cause I trust them and I know the man,
41:48
they sponsor my channel and I've worked with them, blah, blah,
41:50
blah. But there's other guys, the
41:52
premiums on 90% silver are crazy low right now, man.
41:58
And I really appreciate Rafi Farber on his Arcadia Economics.
42:03
Video for pointing that out. And what does that tell us?
42:06
What does that tell us about silver?
42:07
And now let's talk about some exciting news with silver.
42:10
There wouldn't be us basement dwellers getting together if we
42:14
didn't talk about some crazy exciting news on the world of
42:17
silver. That's crazy exciting, guys,
42:19
because you know why? Because this all right, because
42:23
of this, we got a silver price at almost $31.00 per oz, OK?
42:30
And you know what that tells me? OK, we have a high, high silver
42:34
price and we've got premiums. And what I would almost have to
42:38
say are, are are are historic lows, which means nobody's
42:42
buying silver in the West. When that changes, baby.
42:46
All right, I'll say it every day.
42:48
And when it happens, we will party, OK, and we will hold on.
42:52
We will see that guy right there.
42:54
Nobody talks about him anymore, right?
42:56
He's got himself a little hot dog, an American flag, but he's
43:00
blindfolded. That's the silver bear.
43:03
That's when we start talking. If when the Western when
43:06
premiums on this stuff. Right, if the premiums on this
43:10
on this 90% silver were where they were a year and four months
43:15
three months ago whenever they were sky high, guys, guess what?
43:18
Guess what, Buttercup? Huh?
43:20
You better buckle up because it'd be time to put boots on the
43:23
warehouse floor, time to make some feathers fly.
43:28
We did. Right now, the silver price
43:29
would be 4445, and you know, when it gets up there, it's
43:33
moving. So that's a big, big, big, big
43:36
deal. So why is the silver price so
43:38
high, Ron? You're probably asking, right?
43:41
You want to know, want to know why the silver price is so high,
43:44
right? You know why, right?
43:46
You know You know why. Really.
43:50
I'll tell you why because the eastern countries are gobbling
43:55
it all up. I told you so many times.
43:58
That loud, do you hear it? Do you hear it?
44:00
Listen, hear that big vacuum sound?
44:03
That is not Susie vacuuming upstairs.
44:05
No, that's that's the Chinese and the Indians trying to suck
44:09
all this silver. I don't have that much.
44:11
I don't keep it here at the house.
44:12
I got a little bit for fun 'cause I love the stuff.
44:15
That's the Chinese and the Indians trying to take all your
44:18
silver if you ever hear a loud vacuuming.
44:20
Noise and you're able to determine that it's not your
44:24
significant other running a vacuum in your house.
44:27
Go lay on top of your silver 'cause that's that's a that's a
44:30
giant hose from the eastern countries trying to take your
44:33
silver. Look at this.
44:35
Hold on. Did I get all this?
44:36
I got. We got so much to talk about.
44:38
Look at this. Look at this.
44:39
Look at this. Look at this.
44:41
This came from my friend Mark. Mark S Where is it?
44:46
Here it is make sure we're alive.
44:49
We are still alive. You know guys back about two
44:53
years ago I was doing a live stream and I forget that I
44:56
forgot to hit the go live button and I did like 1/2 hour live
44:59
stream and about 1/2 hour into a coin shop.
45:02
Chris texted me and saying when are you going live and I
45:05
realized that it was I. Talked for 1/2 hour.
45:08
And anyway, that was in the early days.
45:10
Now I have a whole new, we have a whole new list of technical
45:13
challenges you guys put up. But this says it all China July
45:18
11th all we need to go check on the Chinese silver price too
45:21
Anyway, China building sit down for this China building more
45:27
wind solar capacity than the rest of the world combined.
45:32
But. Wait, there's more?
45:33
There's more, of course. Oh my God, look at this.
45:36
Solar panels. Can I click on that?
45:40
Oh my gosh. Look at that guys.
45:42
Those aren't. I got news for you basement
45:44
dwellers. Those aren't solar panels, OK?
45:47
No, each one of those, and I'd say there's millions each one of
45:52
those is probably somewhere between 2/3 of an ounce and an
45:56
ounce and a third. Those are all little silver
45:58
bars. And guess what?
46:00
They might as well be thrown away.
46:02
They might as well be destroyed cause in best case scenario,
46:05
they're not the silver that look at those millions of solar
46:09
panels. And that's just one guys.
46:12
They're building China, India. They're building solar farms the
46:16
size of Paris. They've already built solar
46:20
farms bigger than Saint Louis. And if you've ever been to Saint
46:23
Louis, it's a thriving metropolitan city, right?
46:28
Anyway, they're building solar farms bigger than New York City.
46:33
I mean, they're building and get, don't get it through your,
46:36
my mom used to say this to me. Did your mom ever say this to
46:39
you? She'd say, get it through your
46:40
thick skull. Get this through your thick
46:42
skull. Basement dwellers.
46:44
Each one of those little things, those little black dots on the
46:46
screen, those represent an ounce of silver, and they aren't going
46:51
anywhere. I digress.
46:54
OK, China is building almost twice.
46:58
But wait, there's more. As much wind and solar energy
47:01
capacity as every other country. Hold on.
47:07
There's the C word combined, combined, Combined, China is
47:14
building almost twice as much as every other country in the world
47:21
combined. Not twice as much as the United
47:23
States. Not the twice as much as Canada.
47:26
Not twice as much as India. No twice as much as everybody
47:31
combined. I wonder what the silver price
47:33
is in China right now. I'm just curious maybe, maybe
47:36
we'll go on a little field trip, go see our friend Oriental Ghost
47:40
in a few minutes. But I want to read these three
47:42
paragraphs that are highlighted in yellow for your
47:46
entertainment. China currently has a total of
47:49
331 gigawatts. OK, guys, look at this.
47:52
This we gotta, we gotta talk about something.
47:56
I forgot where it is, but there's this thing out there
47:59
that shows what the equivalent of A1 GW of power is.
48:03
This is kind of like talking about the US national debt at 35
48:06
trillion. Like one trillion is 1,000,000 *
48:09
1,000,001 GW, I think was equal to like 1.3 million horses.
48:14
It's a lot of power, baby. Right.
48:17
OK, Anyway, they have almost, we're going to say 340 gigawatts
48:21
because this article was written on the 11th and it's been four
48:23
days, so I'm sure they turned on some more of capacity, oh, under
48:27
construction. So including 159 gigawatts of
48:31
wind and 180 gigawatts of. Solar that is nearly quote twice
48:35
as much as the rest of the world combined, according to the study
48:38
by the global Energy Monitor. AUS based.
48:42
This is AUS based. OK, so you know.
48:44
It's true. If they're bragging about China,
48:47
the figure far exceeds the second ranked nation, the
48:50
United. States of America, which is
48:54
building a total of just 40 gigawatts, OK, So China's
49:00
building 10 times as much renewable energy capacity as we
49:05
are. Are you seeing a trend?
49:07
Do you see what's going on in the world?
49:10
Do you wonder Like I wonder why? Guys, I'm a say it one more
49:16
time, one more time. We can rejoice at $31.00 silver.
49:23
Rejoice. It's a big deal and it's a.
49:26
Bigger. Deal, stay with me that you and
49:29
your fellow Americans, except for those people from Costco and
49:33
the real smart, the real smart people that buy their silver pin
49:36
backs. But anyway, besides us, ain't
49:39
nobody buying silver. I hear some people, I'm hearing
49:42
reports. Have you heard this?
49:44
And people are actually selling their silver, right?
49:47
I think Coin Shop Chris did a video about somebody selling
49:49
silver for a boat or he's got a video coming out.
49:52
I don't know, right? Americans, I mean, 78% of your
49:57
fellow Americans are living paycheck to paycheck, OK, right.
50:02
They're slaves. And it's kind of like slavery,
50:05
isn't it? If you're living paycheck to
50:06
paycheck and you got a bunch of debt, you're not living life.
50:10
You're working right? So anyway, I digress.
50:13
Not a not a thing about America. Big big big big big demand for
50:18
silver coming out of China. Let's go over to China though.
50:22
Here's the video I did. Oh God, that was from a long
50:25
time ago. Uganda finds all the gold left
50:28
in the world. That was from it was a really a
50:31
good performer. It was one of my 32,000 views a
50:34
couple years ago. That was from, let's see here,
50:39
July 26th. All right, where I talk about
50:42
the details, right, the details. There's Tim Zoob, regular
50:47
basement dweller. What were we gonna do?
50:49
Oh, yeah, hold on here, guys. We're.
50:51
Back. And now we're gonna go.
50:53
We're gonna go see what happened in China overnight, just for
50:56
fun, huh? Does this make sense?
51:02
And let's see here there's. Peter Grandich.
51:08
Our friend. Oh, I made a great video.
51:09
I'll talk about Peter in a second.
51:11
Hold on here, Peter Grandich. All right, hold on.
51:16
I'm staying on track. OK, here's China's overnight
51:19
data from the Shanghai Gold Exchange.
51:23
Silver closed at 3450 on the Shanghai Futures Exchange.
51:26
Closed at 3446. Where are we again?
51:31
We are I I don't want to do it. I don't want to do it.
51:34
OK, but I'll do. We're gonna press the magic
51:36
Pendex button and get an update. Take your blood pressure
51:39
medicine. And all right, silver's up
51:43
$0.25, good, awesome gold $22,433.
51:50
What what guys, we are, we're knock, knock, knocking on a new
51:55
high. And I mean in in gold silver,
51:58
baby. Oh my gosh, this is awesome.
52:02
Unbelievable. OK, let's go back.
52:06
Let's go back. Hold on here, how do I go back?
52:08
Let's go back and look at this. This guy, Peter Grandich, I did
52:13
an interview with him yesterday afternoon, just kind of talking
52:16
about what's going on. Let me remind you something
52:18
about Peter Grandich. Couple things #1 he was like one
52:23
of the only people that called the 1987, and a lot of you are
52:26
as old as me. I was 17, I was heading off to
52:29
college. I remember the 1987 stock market
52:32
crash. OK, he called it OK.
52:35
They he he's been on CNBC, he's been on Good Morning America,
52:39
he's been interviewed by every major news network in the world.
52:44
This guy has a track record. Is he perfect?
52:46
No, nobody's perfect, but I'm going to tell you right now,
52:49
he's very smart, very insightful, and I'm he for some
52:54
reason. I'm very fortunate because Peter
52:56
and I have developed a good friendship.
52:58
And he loves gold and he loves silver now too.
53:01
OK, hold on a second here. Hold on.
53:03
Big breaking news. Peter, he, Peter Granite will
53:08
say this. It's pretty funny.
53:11
He said the silver people used to hate him because he would go
53:14
to the gold or go to these conventions and he would say.
53:18
Silver's kind of like kissing your sister.
53:22
But now, But now he loves Silver and he's rooting for Silver.
53:26
He was talking about, he was talking about this guy, right?
53:30
That it can happen. The $85 silver bear.
53:33
He loves the $2500 gold bear. We know that's going to happen.
53:36
By the way. Thank you First Mining Gold and
53:39
thank you Fortuna Mining, First Mining Gold, being a gold
53:43
development company with two multimillionaire projects in
53:46
Canada, Canada, I like to say Canada, I don't know why.
53:49
Hope that doesn't offend anyone. And Fortuna Mining, who's an
53:53
operating miner with operations in Latin America, I really want
53:57
to go to Peru. I got to be honest with you, I
53:59
don't know why I'm obsessed with going to Peru and I want to go
54:02
to see silver mines in Peru. Anyway, that's besides the
54:05
point. They do have a mine in Peru and
54:07
Mexico and Argentina, but they also have big gold mining
54:10
operations in West Africa. So thank you to all those.
54:13
Now Peter Grandich has become very bullish on silver as well.
54:20
Yeah, and he's honest. I mean, you know, he's been.
54:23
In and out of the precious metals over the years, he's been
54:26
very bullish on gold. He's big into the junior mining
54:29
stocks, right? And that's where it's all am I
54:32
as well. But now he's become very, very
54:35
bullish on silver as well. But he's also been able to he's
54:39
had some unbelievably great predictions over the years and
54:43
he actually made predicted pretty much what was going to
54:48
happen during some previous interviews I had with him
54:50
regarding the upcoming election and and whether these two
54:54
candidates would be in the So it's an interview worth
54:58
watching. Peter's a great guy and has some
55:02
great, great, great insights. So all right, guys, that's it
55:05
for today. Thank you for being here.
55:07
OK, Don't forget, please support our sponsors pin back first
55:11
mining gold and Fortuna mining. Have a great day and I'll see
55:14
you soon. Thank you.