Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **Stacker ALERT!** 🦍🦍 Realize THIS Big Silver Investor FACT!... and Gold! - Precious Metals NEWS

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**Stacker ALERT!** 🦍🦍 Realize THIS Big Silver Investor FACT!... and Gold! - Precious Metals NEWS · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  So you want to. Be a silver.
• 0:02
  Gold and mining stock millionaire.
• 0:05
  Somebody says that could. Happen within the next five
• 0:07
  years, we're going to hear. Why?
• 0:09
  But first. Most importantly, welcome to the
• 0:12
  basement, where we are basement dwellers right now.
• 0:15
  We believe in the future. Of silver and gold because we
• 0:19
  understand. History and basic mathematics.
• 0:23
  We also got some other big. Stories to cover today.
• 0:26
  In the precious metal sector. The rally.
• 0:29
  Of a lifetime in silver. We're going to hear why.
• 0:32
  We're going to check in on those $300.
• 0:34
  Silver calls, are they still? Telling us $300.
• 0:38
  Silver. And how soon?
• 0:40
  Something really. Crazy.
• 0:42
  Interesting. A new concept.
• 0:44
  That's very supportive for Silver about the big AI bubble.
• 0:49
  Trend, whatever you want to call it, that's going on right now,
• 0:52
  but something we haven't talked about and really nobody's
• 0:55
  talking about. That is very good for silver,
• 0:59
  also copper, but particularly silver.
• 1:02
  It sheds a whole new light on what's going on.
• 1:05
  We're going to talk about a move by our.
• 1:06
  U.S. government, Yeah, the most powerful government on the face
• 1:10
  of the. Planet.
• 1:11
  That has to do. Directly with the precious
• 1:13
  metals, also Russia, Russia's doing something with gold that
• 1:19
  is fascinating. It all ties in with what's going
• 1:22
  on in India and China and. We're going to have our daily.
• 1:25
  Dose of doom and gloom. The world is ending.
• 1:29
  We are heading towards. Catastrophe.
• 1:31
  But we'll save that for the end. Let's start with the.
• 1:33
  Rally of a lifetime. After.
• 1:36
  We check on the silver price and gold price.
• 1:39
  This is the live spot. Price, we are down 1.
• 1:42
  Dollar and $0.35 in silver. There will be.
• 1:45
  Green days there will be red days, both of which are
• 1:48
  volatility. Do you remember it was like. 3-4
• 1:52
  years ago if we had a one. Dollar move and silver look.
• 1:55
  I don't like it. You don't like it when we see.
• 1:58
  Red on the screen. But we're kind of.
• 2:00
  Used to this like but 3-4. Years ago, this would have.
• 2:03
  Been like Oh my. God, what's happening the.
• 2:06
  Is falling and really. Guys with what?
• 2:08
  We've been going through lately and you know what?
• 2:10
  Let's let's run out and take. A look at the silver chart.
• 2:14
  This is not as concerning. As it probably was to us, like I
• 2:20
  said two or three years ago, this is the July silver.
• 2:25
  Futures contract on the COMEX and that's a one year chart, OK,
• 2:30
  I mean. Look at that.
• 2:32
  It's, I mean, truly incredible. I have to draw it again, right?
• 2:36
  We are in this zone right here. And as long as we stay in that
• 2:41
  zone. We're going to be OK.
• 2:43
  And the longer we stay in that zone.
• 2:47
  The stronger the silver price. Becomes building an incredible
• 2:52
  base, right And same thing for gold, from which we could.
• 2:55
  Catapult. Much.
• 2:57
  Much. Higher in the coming what, 6
• 2:59
  months a year? We're going to check in on the
• 3:01
  next the $300. Prediction within months, but I
• 3:05
  mean guys. Really.
• 3:08
  Right. We are just.
• 3:09
  Like consolidating and building a great base.
• 3:12
  I know red days are no fun but look, think back one year ago
• 3:16
  right now. We had to sell.
• 3:17
  Over price at what, $3334? I I digress.
• 3:21
  Let's talk about the silver. Rally of a lifetime.
• 3:25
  And then we got a ton more to. Cover So glad you're here with.
• 3:29
  Upstairs, Susie and I today. This comes from the.
• 3:32
  Ferocious research for Rocky. And they look legit.
• 3:36
  Don't they? It's says you right he's.
• 3:38
  Talking to us silver bowls silver.
• 3:43
  Balls. Get ready for the.
• 3:45
  Rally of a lifetime in the next few months.
• 3:49
  And it's interesting why they're saying this.
• 3:51
  Sit back and enjoy. The Feroshi Research Show.
• 3:55
  In real time, OK in this he's he's relating this to oil.
• 4:01
  Or she, I don't know. If it's a he or she, but anyway.
• 4:03
  WTI crude oil sell off? Is almost.
• 4:07
  Here right, because higher oil. Prices have.
• 4:10
  Have resulted in higher interest.
• 4:12
  Rates and most everybody. Saying that's.
• 4:14
  Why silver and gold aren't? Breaking out.
• 4:17
  OK, WTI. Crude is.
• 4:18
  Officially gone 70 days. Without printing a new high
• 4:24
  since its initial peak back in March historically.
• 4:27
  And we like history when? Crude fails to make a new high.
• 4:31
  Within an average of 60. 8 days of a strong run it.
• 4:34
  Begins a staircase lower if this is the cooling.
• 4:39
  Factor for the 10 year bond interest rate to briefly put a
• 4:43
  halt on its recent. Surge Metals and silver.
• 4:47
  Silver. Can wake up from here and
• 4:50
  forward. So what they're calling?
• 4:52
  For is a decrease. In the crude oil price, look, I
• 4:57
  think that's in the best interest.
• 4:59
  Of the political. Leadership of the United States,
• 5:02
  I think that's in the best interest.
• 5:04
  Of the political leadership of. China, the two most powerful
• 5:09
  countries on the face of the earth.
• 5:11
  If oil goes down, OK, look not. But if when oil goes.
• 5:16
  Down it will be rocket fuel, absolutely for the gold.
• 5:21
  Price and the silver price. What he lays out there.
• 5:24
  Actually makes sense. It'll make.
• 5:26
  Interest rates they need. Look the US.
• 5:28
  Government right now, especially think about it with midterm
• 5:31
  elections coming up. The the the leadership in
• 5:34
  Washington needs lower interest rates and lower for oil.
• 5:38
  Prices you can rest assured. In China needs the same thing.
• 5:42
  Again, those are the two most powerful countries on the face
• 5:45
  of the. Planet, you will rest assured.
• 5:48
  That that they will do. Everything in their interest for
• 5:50
  that to be the. Case and by the way, the gold
• 5:52
  and silver price will. Skyrocket from there.
• 5:54
  OK, let's talk about. A tantrum in the silver price.
• 5:59
  Let's check in with Michael Oliver.
• 6:01
  We're going to watch a few minutes of a very recent
• 6:03
  interview he did. Where he addresses this idea
• 6:07
  that we could have 3 to $500 silver sooner as opposed to
• 6:12
  later. He was on with the Gladiator and
• 6:18
  I've got this all. Queued up for you let's.
• 6:20
  Hear what he has to. Say about.
• 6:22
  Upcoming moves in the Silver. Price.
• 6:26
  The next phase should get silver, I think in a tantrum
• 6:29
  mood and level probably within three or four months.
• 6:34
  The issue is to break up out of this consolidations violent
• 6:37
  consolidation zone. I think we're in the process of
• 6:40
  that right now despite today's pull back.
• 6:44
  Right. So we're going to go through a
• 6:46
  period of consolidation, a lot of chop back and forth.
• 6:48
  And then we're about to emerge. Yeah.
• 6:50
  Right. And so do you still have the
• 6:52
  three to $500 target by sometime in the summer, maybe late
• 6:56
  summer? Yeah, I still think it's quite
• 6:59
  reasonable. I can come up with it so many
• 7:01
  different ways. And this pullback that we had
• 7:06
  measured by our momentum trend metric.
• 7:08
  So he's still calling for that within the next.
• 7:12
  Three months. Let's go out here a.
• 7:14
  Little bit further. I wanted to play the last minute
• 7:16
  for you as well because he has some keen insights to share.
• 7:20
  We call that sharp break in January.
• 7:22
  February stopped at 66 bucks on silver.
• 7:25
  We shot back up to 90. We lived in a range and when the
• 7:29
  war came out in early March, we have a sell off began in silver
• 7:32
  again and gold they both went out and they knocked out that
• 7:36
  low. The Feb low at 66 on silver went
• 7:40
  to 61 for about two hours. That's how fast it was.
• 7:45
  They broke the low, ran all the cell stops goodbye and
• 7:50
  immediately reversed and shot back up into the range like haha
• 7:53
  fooled you. OK, it was a bear trap.
• 7:56
  And I think that was the low, the March 23rd low at 61.
• 8:00
  And I think now you probably got support right around where you
• 8:02
  are in the mid 70s and all you got to do now is inch back up
• 8:06
  again toward those highs. The the the high we saw the week
• 8:09
  this week, 90 bucks and you're out of here.
• 8:12
  OK, once we get the 90 bucks, then we are out of here.
• 8:15
  I want to give proper credit. That's James Conner from Bloor.
• 8:19
  Street Capital, they're a respected.
• 8:21
  Firm in the precious metal sector.
• 8:23
  Michael Oliver, right? Talking, telling us once we get.
• 8:26
  Above 90, once this violent, excuse me consolidation that
• 8:31
  we've been living through for what, two months?
• 8:34
  I don't know, three months? Was that January 4 months?
• 8:39
  It's longer than we thought. OK, once we break out.
• 8:43
  It could be smooth sailing again, so hang on.
• 8:47
  Guys because is the future looks bright for silver I.
• 8:50
  Do want to say thank you to channel sponsor First Mint, the
• 8:55
  silver exclusive mint, the freshest silver on the market,
• 8:59
  right? First Majestic Silver owns First
• 9:02
  Mint. They mine the silver, send it to
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  Las Vegas, NV to the first mint facilities where it's
• 9:07
  transformed into world class silver bullion products that
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  then excuse me get. Shipped directly to your door.
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  From the mine to the meant to you, they are the only.
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  Suit Silver exclusive. Mint and bullion dealer that I
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  know of and they're doing an outstanding.
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  Job. These are world class.
• 9:27
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• 9:31
  You guys absolutely love. First meant, here's their
• 9:35
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• 9:36
  There's their Las. Vegas round, you're the horse.
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  Hail to the. Chief, you're the.
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  Dragon, and they've got a special going right now on
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  As you can see 2. Dollars off.
• 9:49
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• 9:51
  Free shipping on orders over $299.
• 9:53
  And a special discount code just for us basement dwellers.
• 9:58
  VIP. Like very important person RB
• 10:02
  Ron's basement and would. It would it have been a good
• 10:04
  idea? For us to buy silver.
• 10:07
  Back in 1964, I wasn't born yet, but maybe you were.
• 10:12
  Or maybe your dad or your grandpa was.
• 10:15
  Would it wait till you see this? Would it have been a smart idea
• 10:19
  to buy silver? Back then, let's head out to
• 10:23
  this. Hold on here, I love this from
• 10:31
  the Silver Crusader. Even a smoked out knuckle
• 10:35
  dragger like myself can see the money's broken.
• 10:39
  Cheeseburger math says silver beat inflation from 1964 to
• 10:44
  1926. This is very interesting. 10
• 10:51
  Dimes in 1964 bought about 5 McDonald's cheeseburgers. 10
• 10:56
  modern Dimes. Won't buy half of 1 cheeseburger
• 11:01
  but 101960. 4. Dimes today by about 20
• 11:07
  McDonald's cheeseburgers. Same face value, totally
• 11:12
  different money. And look at the graphic.
• 11:15
  That shows it right there. Right, 1964 with 10.
• 11:19
  Dimes. You could buy yourself those
• 11:21
  five McDonald's cheeseburgers with today's.
• 11:24
  Fiat. Dimes right?
• 11:26
  You can buy 10 with 10 Dimes for $1.00 you can buy about.
• 11:31
  Half of a cheeseburger. But those 1964 Dimes when you
• 11:37
  account? For the silver.
• 11:38
  That's in them. Will buy about. 20 cheeseburgers
• 11:43
  the big key take away here is we talked about silver maintaining
• 11:47
  its value well I. Would say measured in
• 11:50
  cheeseburgers. From. 1964 through today it
• 11:55
  actually increased in. Value right?
• 11:57
  You can actually. Buy.
• 11:59
  Four times more cheeseburgers today.
• 12:02
  With your with your silver. Dimes then you could have been
• 12:06
  19. 64 But those Fiat. Dimes that you in 1965 traded in
• 12:12
  your 10 silver Dimes for 10 new Dimes made out of what?
• 12:16
  Zinc and maybe a little. Copper.
• 12:19
  Those 10 Dimes. Today would buy you half of 1
• 12:23
  cheeseburger. What?
• 12:24
  About, I mean guys. We got to realize.
• 12:26
  Something powerful if this commodity.
• 12:29
  Super cycle materializes like I believe that it will like.
• 12:34
  All the top analysts. Right.
• 12:36
  Even people in the AI sector are saying are moving money from AI
• 12:40
  into the commodities because they know that AI needs
• 12:44
  commodities it. Are we?
• 12:46
  Are we? On the verge of potentially
• 12:48
  becoming millionaires. We're already basement dwellers.
• 12:53
  And that's fine. We know.
• 12:54
  The future of Silver. And gold.
• 12:56
  But what about actually? Becoming millionaires.
• 12:59
  Multi millionaires. Or or just.
• 13:01
  Wealthier than we are. Listen.
• 13:04
  We're going to listen to. A short clip.
• 13:06
  From from someone who's in the mining.
• 13:09
  Sector. He's the CEO.
• 13:10
  Of a mining company, Terry. Lynch shared this with us.
• 13:14
  Mining will create more millionaires than AI.
• 13:19
  Over the next decade yet? Everyone is chasing chips and.
• 13:24
  Software. Here's why.
• 13:26
  Real money is in what? Powers.
• 13:28
  All of it it all. Needs metals, it all needs in
• 13:32
  particular silver and I've got something I'm going to share
• 13:35
  with you about AI and and silver in a little bit.
• 13:38
  It's a whole new concept that'll get us even more.
• 13:41
  Excited about the future of silver supply?
• 13:44
  Is constrained from discovery to.
• 13:47
  Production. The average mine takes around
• 13:49
  18. Years to be built.
• 13:52
  And demand is growing faster than at any point in the last.
• 13:57
  30 years. Let's listen to this.
• 13:59
  Clip This guy is the. CEO of Power Metallic.
• 14:06
  So they're a big mining company. Let's listen to what he has.
• 14:09
  To say about what the future looks like for metals investors.
• 14:14
  Firmly believe over the next five years there'll be more
• 14:16
  millionaires made in mining investment than any other form,
• 14:19
  IEI, you name it, let's double click on that.
• 14:21
  Why? Well, because it's it's so
• 14:24
  undervalued right now. You're buying it $0.10 in the
• 14:26
  dollar and it's so desperately needed.
• 14:28
  So capital is definitely going to come.
• 14:30
  There's no stopping it now. It's so desperate, so urgently
• 14:33
  need it. Do you think, you know, three
• 14:35
  years ago, nobody was talking mining at a, at a presidential
• 14:38
  level or premise level. Now everyone's talking mining.
• 14:41
  So, so yeah, the mainstream is about to come into this sector
• 14:44
  in a big way. And it's a, it's a very small
• 14:46
  pipe. There's a lot of water wanting
• 14:48
  to get through it, you know, So, so so as a result, you know, the
• 14:52
  things will go tenfold and a hundredfold here, just like they
• 14:55
  did in crypto firmly save over the next five years, they'll be
• 14:59
  more millionaires made in mining investment than any other form
• 15:02
  IEI, you name it. OK, we we hope.
• 15:07
  And I personally. Believe he's right, but he'd
• 15:10
  like he talked. About right when the mainstream
• 15:12
  wakes up. When the other 90. 8% of the
• 15:14
  people. Out there.
• 15:16
  That have no idea what's going on with metals we like to
• 15:19
  affectionately refer. To those people as the the
• 15:23
  sheeple that it's a. Very That concept is so
• 15:27
  powerful. It's a very small pipe.
• 15:30
  That a lot of money. A lot of water, however.
• 15:33
  You want to think about it is going to want.
• 15:36
  To get through he. Also brings up another important
• 15:39
  point. The government, right, The
• 15:41
  governments around the world think.
• 15:43
  About it are on a scramble it's literally a scramble to secure
• 15:48
  metals now next I want to. Talk to you about something that
• 15:51
  that I learned yesterday about AIA.
• 15:55
  Whole new concept that gets me even.
• 15:57
  More excited about silver? And I want to.
• 16:00
  Share that with you first. I want to say thank you to
• 16:03
  channel sponsor First Mining Gold, their Canadian gold
• 16:06
  development. Stage Company.
• 16:08
  That has that has 2. Multi million ounce development
• 16:12
  stage gold projects in Canada. Right, that's a rarity.
• 16:17
  Number one. To have multi million.
• 16:19
  Oz development stage projects #2 For it to be in a great
• 16:24
  jurisdiction like Canada, they're working these projects
• 16:28
  through the development phase spring pole in Ontario.
• 16:31
  And one that I. Actually visited called du
• 16:34
  Parquet. In Quebec.
• 16:36
  It's real, it's there, it's. 1,000,000 ounces of gold in the
• 16:39
  ground. You can learn more about them at
• 16:42
  their website, firstmininggold.com.
• 16:45
  Now let's talk about this. Exciting new concept about AI we
• 16:49
  all know. Like AI is the big.
• 16:51
  Thing, It's all everybody is talking about.
• 16:53
  The AI stocks are like what most people.
• 16:56
  Say are in bubble. Territory.
• 16:58
  That's not the point. AI chips use a lot.
• 17:02
  Of silver, we know that as well. Right, we've heard about it.
• 17:05
  Electronics, there's nothing as electrically.
• 17:07
  Conductive in the world. As silver silver.
• 17:11
  Conducts electricity and it's. Critical to all these big AI
• 17:14
  chips that are. Being produced at a very.
• 17:18
  Rapid and increasing pace, but. Something that nobody talks
• 17:23
  about, which is a secret bonus factor for silver, is this.
• 17:28
  Those AI chips have a very short.
• 17:32
  Shelf life a very short. A cycle life to them, because in
• 17:38
  AI in the chip world, things advance so quickly that the
• 17:42
  chips may work great. For like a year or two.
• 17:45
  But then there's new chips. That come along that are.
• 17:48
  Faster that are better right that's that's you know how that.
• 17:51
  Works with technology. Things change so quickly.
• 17:54
  There's some. Rule law, I forget what it's
• 17:55
  called like processing speed, whatever.
• 17:58
  So the chips, it's not like, oh, we.
• 18:01
  Build an AI dead data. Center, we got all these.
• 18:03
  Chips in there. And they're going to last for.
• 18:05
  20 years or 10 years? No, right, They all need to be
• 18:09
  replaced. On a very short cycle basis,
• 18:13
  which means right that they're going to.
• 18:15
  Need more and more silver? It's not.
• 18:17
  Like copper, right? Like.
• 18:19
  Copper wiring. Heck, the copper wiring that
• 18:21
  runs to my house here was installed 50 years ago and it's
• 18:26
  still working great. OK.
• 18:27
  But with silver? In these chips.
• 18:30
  It needs to be replaced in a very.
• 18:32
  Fast cycle speed. And nobody's talking about that
• 18:36
  even. They talked about it in.
• 18:38
  Regard to the Internet bubble the Internet boom that happened
• 18:43
  in the late 90s when they. Remember, they were Elaine.
• 18:45
  I remember they were Elaine Fiber Rob you could get.
• 18:47
  Traffic jams. Around Saint Louis because they
• 18:50
  were laying fiber optic cable everywhere.
• 18:52
  Well, that fiber optic cable that works for years and years.
• 18:56
  Heck, that was. 20 years ago and a.
• 18:58
  Lot of it's just now. Being lit up, they call it right
• 19:01
  now. That's not the case with silver
• 19:04
  when it comes to these chips and the demand for these chips.
• 19:08
  We aren't even. Talking about solar, we're just.
• 19:11
  Focused on chips. The demand for these chips?
• 19:13
  From think about it, AI data centers.
• 19:17
  But also right the other. The other thing that very.
• 19:20
  Few. People are talking about
• 19:22
  robotics. We're going to have robots.
• 19:24
  Right. I mean, guys.
• 19:25
  Seriously. In like 10 years.
• 19:27
  When I'm down here, I will always be live.
• 19:30
  I will never be. This is not people.
• 19:31
  Said are you? AI is that Azure?
• 19:34
  Basement. No, this is all.
• 19:35
  Real will always be 100%. Real.
• 19:38
  That's our community. AI can't replace us.
• 19:40
  But I may have a robot, I may be able to replace upstairs Susie
• 19:45
  with a robot. But also those robots have tons
• 19:49
  of chips in them, OK. And they're going to need.
• 19:51
  To be replaced. I'm telling you, robot.
• 19:57
  Robot. Yeah, robots.
• 19:58
  Right, robots. OK.
• 20:01
  Well, that's a great. Example Everybody say hi to
• 20:04
  upstairs Susie I. Guess I'm saying robot wrong.
• 20:08
  But that's a great. Example of why I may.
• 20:11
  Decide to replace her with a robot.
• 20:13
  Robot. Robot.
• 20:14
  No. She's irreplaceable.
• 20:16
  We love you, Susie. So think about it, OK, Then on
• 20:21
  top of that, you got solar. Remember, Bloomberg just told us
• 20:27
  yesterday that by 2032. I know that seems like a long
• 20:33
  time from now, but it's not. That long?
• 20:35
  It's like 6 years from now. Solar.
• 20:38
  Will be the numero Uno. Source of electricity in the.
• 20:43
  World. Think of all those solar panels
• 20:46
  on all those. Roofs, right, Powering all those
• 20:50
  chips. That need to be.
• 20:51
  Replaced every two or three years, whatever, right?
• 20:54
  Short cycle time chips, Microchips don't last 20.
• 20:59
  Years or 10 years? OK.
• 21:01
  It's incredible. And then on top.
• 21:04
  Of that. We're having a little silver.
• 21:08
  Party this morning because that's.
• 21:09
  What we like to do? I'm telling you demand.
• 21:12
  For silver jewelry, because silver is the most beautiful.
• 21:15
  Metal in the world? I love gold, I love gold.
• 21:18
  Mining stocks but I personally. Think silver's the prettiest.
• 21:20
  Metal in the world is going to explode.
• 21:22
  And then on top of that, guys? The big sleeper don't fall.
• 21:28
  Asleep. I know you're here.
• 21:30
  With me in the basement, Basement dweller is tokenization
• 21:33
  of silver. Big companies buying big
• 21:37
  amounts. Of physical silver they got to.
• 21:40
  Buy the silver first. And then put it in a big vault
• 21:44
  and that's what they do. That's what their specialist at.
• 21:46
  Just like Google's good at storing data, Microsoft, Amazon
• 21:50
  with their cloud, all that. The big bolts are good.
• 21:52
  At storing metal better than we are they're going to store all
• 21:56
  this silver in these vaults and then they're going to tokenize
• 22:00
  it so that people. All.
• 22:03
  Around the world with their phones.
• 22:06
  Right can carry. Their silver with them
• 22:08
  everywhere. It's not.
• 22:09
  Digital silver. It's a real.
• 22:12
  World Asset. It's a token that is backed.
• 22:14
  By real metal it's going to be crazy I I don't know I.
• 22:17
  Can't wait when I'm sitting down here in 10 years with my robot.
• 22:21
  Who's full of silver? And and upstairs.
• 22:24
  Susie is still here. And we got solar panels on the
• 22:27
  roof. We're going to be having one big
• 22:30
  silver party, OK? I think I hit all the all the I
• 22:33
  get I. Have my notes?
• 22:37
  But let's see. Yeah, I think I hit.
• 22:39
  All the notes there. Oh, it's just like this idea
• 22:42
  with the silver needing to be replaced.
• 22:44
  It's just like what we talked about yesterday.
• 22:46
  That's that's what the basement dwellers we're a little sharper.
• 22:50
  Than the average bear OK, you got a little more intellectual
• 22:53
  horsepower you just don't look at the facts you dig in and then
• 22:56
  you. Dig a little deeper.
• 22:58
  And it it this deal with the silver?
• 23:00
  In the in the. Microchips is just like what we
• 23:02
  talked about yesterday. With the miners something
• 23:04
  nobody. Else is.
• 23:05
  Talking about, right? Where does silver, Where does
• 23:08
  gold come from? It comes from the miners.
• 23:11
  What are the miners have to do every?
• 23:12
  Time they dig up think. About this every time a mining
• 23:15
  company that's happening. Right now is we're live, there
• 23:19
  are mines all. Around the world digging up.
• 23:21
  Silver and digging up. Gold.
• 23:23
  But guess what? Every time they dig.
• 23:25
  Up an ounce of silver gold they got.
• 23:27
  To have a pipeline of. Future projects right in that
• 23:31
  pipelines are running. Dry.
• 23:33
  In the big, big, big thing we talked about yesterday with that
• 23:38
  is the. Fact is the big.
• 23:40
  Mining companies on aggregate. Are not investing into their.
• 23:45
  Pipelines. What are they doing?
• 23:47
  They're paying down debt. That's what they've done for the
• 23:50
  last 10 years. They're all trying to get.
• 23:52
  Out get rid of their. Debt, which I admire, that's
• 23:54
  great. But all this cash they're
• 23:56
  generating, they're not in, in, in, in, in net, in aggregate.
• 24:00
  They're not using it to explore for more gold and silver.
• 24:03
  They're paying down debt. Number one and the other.
• 24:07
  Thing they're doing is US share buybacks.
• 24:10
  They're buying back billions of dollars worth of their shares.
• 24:13
  They're all announcing. That it's like the new.
• 24:15
  Thing they like suddenly found, you know, discipline.
• 24:19
  They're not investing in their. Pipelines.
• 24:21
  So that pipeline of metal. Right, let's say for silver to.
• 24:25
  Put in those robots and those microchips and solar panels and
• 24:31
  all. The other stuff we already.
• 24:32
  Talked about, there's the. Pipeline is like not.
• 24:35
  There, it's not being invested. In OK, let's go here, the
• 24:38
  government gave a $3 billion loan to a precious metals
• 24:42
  company. What is that telling us about
• 24:45
  what's going on right now? Here, this came from CNBC.
• 24:51
  Miner. Perpetua Resources secures A2.
• 24:55
  Point $9 billion US loan. For an Idaho.
• 25:01
  Gold and Antimony project mining company Perpetua.
• 25:06
  OK, we just read that next bullet point.
• 25:08
  The agreement comes. As US looks to secure.
• 25:11
  Access to critical minerals and break China's stronghold on
• 25:16
  essential supply chains. Wait till you hear about.
• 25:19
  What Russia's doing, we're going to talk about.
• 25:20
  That later, but we'll focus. On the United.
• 25:23
  States of. America right now and I
• 25:26
  highlighted something there. It is OK in green.
• 25:31
  In February, the White House unveiled Project Vault, a first
• 25:36
  of its kind public private partnership focused on
• 25:39
  stockpiling minerals. Critical Minerals.
• 25:43
  Like the US Geological Service? Included Silver on that list
• 25:49
  Back in what? October of last year.
• 25:53
  The 12. Billion initiative includes 10
• 25:55
  billion from the import. Export Bank and additional. 2
• 25:58
  billion in private capital. The administration has also.
• 26:02
  Taken equity stakes in mining companies directly, including
• 26:06
  Rare Earth. 'S.
• 26:08
  Producer MP Materials. In July, the Pentagon announced
• 26:13
  an investment in the company that includes an off take
• 26:15
  agreement. As well as a price.
• 26:18
  Floor So our government, right? What the the?
• 26:22
  The big key point here is that our government, and it's not
• 26:26
  just the United States government, we know what's going
• 26:29
  on with China and India, and now we're going to talk about Russia
• 26:32
  next. But the government is
• 26:34
  recognizing the scramble in the world that's going on right now
• 26:39
  for critical minerals that includes.
• 26:42
  Silver, buckle up guys. Like the the guy said earlier,
• 26:47
  right? Potentially more millionaires
• 26:50
  are going to be made in the precious metal sector in the
• 26:53
  coming years. Then then probably most of us
• 26:58
  realize and and and and think is.
• 27:01
  Is possible. OK, let's talk about Russia.
• 27:04
  Next, before I do that, I want to say thank you to channel
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• 28:13
  Russia. We talked about India yesterday.
• 28:17
  There's this. Weird.
• 28:18
  Thing going on in the world with with India in China as well,
• 28:23
  kind of this like institutionalization or
• 28:26
  collateralization, gold and silver are truly reclaiming
• 28:31
  their their place in the world. As the world's reserve.
• 28:34
  Currency, but now we get. This out of Russia right now.
• 28:38
  Remember, Russia is still a. World superpower, and this comes
• 28:43
  from the Moscow Times. Who shares this with us?
• 28:50
  Sanction payment platform A7 plans Russia's.
• 28:53
  Largest gold bank this. Is interesting, OK.
• 29:00
  They're aiming to boost domestic gold ownership and potentially
• 29:03
  expand the use of gold linked. Digital assets and cross-border.
• 29:09
  Transactions The project launched jointly.
• 29:12
  With Russia's. Finance Ministry comes amid
• 29:15
  Moscow. 'S broader push to create.
• 29:18
  Alternative financial infrastructure and reduce
• 29:22
  reliance on foreign currencies and Western dominated financial
• 29:25
  systems after sanctions in the Ukraine.
• 29:28
  War. OK, now there's more.
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  Under the project. Individuals and businesses will
• 29:35
  be. Able to purchase gold.
• 29:37
  Through a. 7's online platform or.
• 29:40
  At its physical offices. Starting with as little as 1G
• 29:45
  and they say. Quote for every ruble.
• 29:48
  Spent by individuals and companies.
• 29:51
  Gold will be purchased. It will.
• 29:53
  Be 100% backed Reuters This came from.
• 29:56
  Reuters quoted. We want to build the largest
• 30:01
  gold bank in our country. The company plans to store the
• 30:05
  gold. With.
• 30:05
  Russia's statement and precious metals producer Gosnak OK The
• 30:10
  initiative follows. Years of effort by the.
• 30:14
  Finance ministry to encourage domestic.
• 30:16
  Gold ownership guys, OK. Let's take a step back.
• 30:22
  We know China is. I'm going to hide that now.
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  right if you want the funnest, neatest, most secure way to
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  store. Something that might be
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  25 Now hide that. Let's focus.
• 30:49
  OK, what's going on with China? China is encouraging their
• 30:52
  citizens to buy gold and silver. OK, big things going on with
• 30:57
  China with precious metals. What's going on with India,
• 31:01
  Right? India is encouraging their
• 31:03
  citizens to hold gold and silver.
• 31:06
  They have 4 decades. Then they come out with these.
• 31:11
  A new taxes or they reincur not new, but increase the taxes,
• 31:15
  import duties on silver and gold the Prime Minister.
• 31:19
  It tells people don't buy silver, gold, but what what
• 31:22
  we're? Seeing and we talked about
• 31:23
  yesterday in India. Is what appears to be.
• 31:26
  Kind of a. Again, an institutionalization
• 31:29
  a. Collateralization they're trying
• 31:31
  to suck gold and silver into. Their monetary system, OK, it's
• 31:38
  going on with China, it's going on with India and it's going on.
• 31:43
  With Russia. Think about that, China.
• 31:46
  India and Russia, those together, right, that though,
• 31:49
  though they're big company, the big countries individually, but
• 31:53
  together, that's a big powerful part of the world, right?
• 31:57
  When? At the same time, let's go to
• 31:59
  the doom section right now, OK, The world is moving away.
• 32:04
  From the US dollar. We're going to get, we're going
• 32:06
  to talk about that. You know what, I'll go straight
• 32:08
  to that and then we'll. Talk about like.
• 32:10
  Collapse it put. I don't.
• 32:12
  Want to be the town? Crier, but potential collapse in
• 32:15
  the United States economy. Hey, I live here.
• 32:17
  I don't want to see it. But let's talk about what's.
• 32:20
  Happening right now in the. World when it comes to the US
• 32:25
  treasuries in the. World de dollarizing, it says.
• 32:28
  From hold on now we got it up. This came from Zero Hedge
• 32:35
  Foreign treasury selling is getting.
• 32:38
  Serious at this? And we're going to, you're going
• 32:40
  to learn something. If you don't know this already,
• 32:44
  very interesting about the real way the world financial system
• 32:48
  has worked. For the last 50 years.
• 32:50
  But is changing now. You said we already know or knew
• 32:55
  that the bond market was starting to call BS on America.
• 32:58
  'S fiscal and monetary policy. According to CNBC, foreign
• 33:03
  holdings of U.S. Government that fell sharply in
• 33:06
  March as central banks. Sold.
• 33:09
  Treasuries to defend weakening currencies during the
• 33:12
  geopolitical and energy. Shock.
• 33:14
  Tied to the escalating Middle East conflict and I think we.
• 33:18
  Got a chart? Yeah, that's just that's the
• 33:20
  chart we've looked. At a million times, that's
• 33:22
  Chinese holdings of U.S. Treasuries, right in trillions.
• 33:26
  I mean, look at this back what, just 10 years ago, it's
• 33:31
  basically dropped in half. The Chinese have sold.
• 33:35
  Half of their U.S. Treasuries, $600 billion.
• 33:38
  Worth. This is.
• 33:39
  Where it gets interesting, this is where you can learn
• 33:42
  something. And we're going to talk about
• 33:43
  this because this underlies everything that's happened in
• 33:47
  the last. 4050 years but also tells us why.
• 33:51
  Things are changing so drastically right now and will
• 33:54
  be good for silver and gold. They said for decades.
• 34:00
  The global economy has operated on a relatively.
• 34:03
  Simple arrangement the United States issues.
• 34:07
  The world's reserve. Currency foreign governments
• 34:10
  recycle trade surpluses into. U.S., Treasuries, OK.
• 34:16
  The the and then America finances their massive.
• 34:20
  Deficits that we racked up because because the.
• 34:24
  Rest of the world willingly. Absorbs its debt.
• 34:27
  That that system only works as long as there is.
• 34:31
  Confidence in the dollar, confidence in the Federal
• 34:34
  Reserve, and confidence that the US government debt remains the
• 34:39
  safest and most liquid place on earth to park capital.
• 34:44
  But when major foreign holders begin reducing.
• 34:48
  Exposure during a period of. Rising inflation, exploding
• 34:52
  deficits and growing fiscal instability.
• 34:56
  It creates A potentially dangerous chain reaction in the
• 35:00
  timing for the world to be dumping Treasuries right now
• 35:05
  could not. Be worse.
• 35:07
  OK guys, this is. This is so.
• 35:11
  Critical to understand what happened in the world really
• 35:14
  since Nixon in 1971 temporarily took the United.
• 35:18
  States off the gold standard. We essentially racked up tons of
• 35:23
  debt in our country. How did we do that?
• 35:26
  We went to the other worlds in the country at. 1st.
• 35:29
  It was the Middle East, the petrodollar.
• 35:31
  We said yeah. Sure, we'll buy your oil.
• 35:34
  From you with U.S. dollars, OK. But but you have to use.
• 35:40
  A good portion of the proceeds. Of those dollars that we give
• 35:44
  you for the. Oil to buy United States.
• 35:47
  Debt. To buy our United States.
• 35:49
  Treasuries that allowed our. Government to spend more.
• 35:52
  Money than it was bringing in it was a.
• 35:55
  Wonderful arrangement some. People say we were.
• 35:57
  Exporting inflation, but we. Did the same thing with China
• 36:01
  and a number. Of other countries in more.
• 36:03
  Recent years, we told China, yeah.
• 36:05
  Sure. You know, back in the 80s and
• 36:07
  90s. When they were developing, yeah.
• 36:09
  Buy all your stuff and we'll you you can sell it to.
• 36:12
  Walmart you can sell. It at the dollar store, right?
• 36:15
  Now it's become more advanced. But yeah, we'll we'll buy all
• 36:19
  this stuff. From you.
• 36:20
  We'll run a huge trade. Deficit with you OK, we'll.
• 36:24
  We'll send you. All these dollars but the.
• 36:27
  Deal is. You got to put a.
• 36:29
  Portion of those dollars back into.
• 36:32
  U.S. Treasuries, you got to buy our
• 36:34
  debt. That allowed our government to
• 36:37
  rack up and get out of control, right?
• 36:40
  Spend more money than we were bringing.
• 36:42
  In and rack up this incredible now, right?
• 36:46
  Everybody's calling BS. Right, the Middle East countries
• 36:49
  because of what's going on. Aren't selling a lot of.
• 36:51
  Oil #1. And they were.
• 36:53
  Already starting to sell oil in Chinese yuan, some people say in
• 36:57
  gold in China. Is doing the same thing.
• 37:00
  Look the Chinese, they know how to look at the US debt clock.
• 37:04
  They know how to. Work a calculator.
• 37:06
  Things are changing. What could?
• 37:07
  What could? Happen could be cataclysmic for
• 37:12
  the US. But also for the world.
• 37:14
  Economy in a lot of ways, because now the.
• 37:16
  World we've racked up so. Much debt.
• 37:18
  That is, the world moves. Away from this debt.
• 37:22
  It's going to put the. Fed, it's going to put the US.
• 37:24
  Government, it's going to put the US Treasury in a very scary
• 37:28
  situation. Where emergency actions like
• 37:33
  money printing might be the only option.
• 37:37
  I mean, really, right, You don't.
• 37:38
  Have to be Albert Eisenhower, Albert Einstein.
• 37:41
  Whoever to look at the. U.S.
• 37:43
  Debt. Of fiscal situation and realize.
• 37:46
  That really the only way. Out.
• 37:48
  Is like a collapse or. B.
• 37:51
  Print a bunch of. Worthless worth.
• 37:53
  Less and less dollars. To keep the keep.
• 37:57
  Kicking the can down the road, a little bit further right and we
• 38:02
  could be at a point. Where it's coming to a real.
• 38:04
  Crescendo a real a real make or break.
• 38:07
  Type moment, right? We could be in a situation
• 38:11
  where. Look, I'm not calling.
• 38:13
  I don't want this to happen, but.
• 38:15
  Boy, I tell you what. When you just apply basic laws
• 38:19
  of mathematics. Right.
• 38:21
  To to what? The fiscal.
• 38:23
  Situation is in the United States right now.
• 38:25
  It is really downright scary, right?
• 38:27
  And you know. I don't want, but we don't want.
• 38:31
  These bad things to happen, but I tell you what.
• 38:34
  It could be a. Situation that transpires where
• 38:37
  you and me and other people. Who?
• 38:40
  Who are protecting? Ourselves with gold and silver.
• 38:45
  Could be very glad. That we've done that.
• 38:47
  Now let's look at a few more doom and gloom.
• 38:49
  One more segment. Of doom and gloom.
• 38:51
  This is about the US. Economy specifically, and this
• 38:56
  comes from metals and miners. I'll tell you what, I'm becoming
• 38:58
  more and more of a fan of metals and miners.
• 39:02
  They also have a YouTube. Channel, he says one crisis.
• 39:05
  Away. From a catastrophe.
• 39:07
  OK, look. Guys.
• 39:09
  That's the US consumer confidence.
• 39:11
  Level. It's the lowest.
• 39:13
  Collapse one of the. Lowest levels ever recorded.
• 39:17
  Why is that important? Because the US economy.
• 39:22
  Remember, we are a consumer. Based our.
• 39:24
  Economy is based on consumers and we're a consumer based
• 39:27
  economy. I don't know how to.
• 39:28
  Say it right, we lost. A lot of our manufacturing.
• 39:31
  We were. We were.
• 39:33
  An economy that was based on buying things from the Middle
• 39:37
  East. Oil.
• 39:38
  From China, from the from. The from.
• 39:41
  Asia from all these countries that manufacture and it's
• 39:45
  falling through. The route the US consumer.
• 39:47
  Confidence is drastically going down.
• 39:49
  But. This is where.
• 39:52
  This could be this is. Real.
• 39:54
  Data, they say the real time. Distress signal Google searches
• 39:59
  for. I can't pay my credit cards.
• 40:02
  Have hit an all time high. So wait a minute, consumer.
• 40:07
  Confidence hits an all time low and people going on Google and
• 40:12
  searching for see if I can circle this for you.
• 40:15
  Here it is, right here. Can't pay my credit card.
• 40:19
  Has hit an all time high. In the important thing to.
• 40:23
  Remember about. This is this is real data, this
• 40:26
  data, right? From Google.
• 40:28
  From the Google. Searches.
• 40:30
  Can't. Be fudged.
• 40:33
  I mean, heck, the. Consumer confidence numbers They
• 40:35
  can. Be fudged the inflation.
• 40:37
  Numbers that they give us. From the Bureau of Labor.
• 40:41
  I think it. Is and statistics.
• 40:43
  They can be fudged. This can't be fudged.
• 40:46
  This right here is. Americans going online and
• 40:51
  saying. I can't pay my credit cards.
• 40:54
  What do I do? I'll go to Google.
• 40:57
  And search and see what they say.
• 40:58
  I mean, look at how that is absolutely.
• 41:01
  Skyrocketing. Few more things here.
• 41:04
  The. Buffer is gone.
• 41:05
  Our personal. Savings, That's the other thing.
• 41:08
  I'm the I'm the bearer of bad news.
• 41:12
  The personal savings rate has. Plunged, confirming that
• 41:15
  consumers have exhausted their pandemic era buffers and are now
• 41:21
  living. Paycheck to paycheck, yeah, you
• 41:23
  see this data that like. 60 something percent of Americas
• 41:27
  are are living. Americans are living.
• 41:29
  Paycheck to paycheck the K. Shaped Illusion The top 10% of
• 41:35
  earners now account for about half of all.
• 41:38
  Consumer spending masking the severe deterioration in the
• 41:43
  bottom 90% of the economy, right.
• 41:47
  And let's talk about. That for a second.
• 41:49
  Why that's so important? Basically, if you live in
• 41:52
  America, and a lot of you do, but if you don't, what's
• 41:55
  happened in this country is it's become essentially a country of
• 41:59
  haves and have nots. Right, they called AK shaped.
• 42:02
  Economy where there's that 10% that are are buying are doing
• 42:06
  all the all the consumerism buying all the ones that.
• 42:09
  Get to go out to. Eat and spend. $100 or 150.
• 42:13
  Dollars for a family of four. It's becoming this very
• 42:16
  segmented economy. It's not going to work.
• 42:19
  There's 22. Big things to remember about
• 42:22
  that, number one. That 10%.
• 42:25
  The reason they feel so? Rich.
• 42:27
  Is because of the stock market and a lot of people think the
• 42:29
  stock market's in a bubble. If the stock.
• 42:31
  Market were to have a major correction.
• 42:33
  That part of the economy. Would go bye bye.
• 42:37
  The other thing to remember, just overall, generally speaking
• 42:41
  at some point. It's they've become so.
• 42:44
  Greedy the top 1%, two percent, 10%.
• 42:48
  So. Greedy and things have become
• 42:51
  so. The inequality is so, so strong
• 42:56
  in the country. Right now that the bottom. 90%
• 42:59
  might just say forget it, think about this.
• 43:02
  I like to use. This analogy, it'd be like if me
• 43:04
  and you went to a poker game together.
• 43:07
  I don't play poker, but let's say we do.
• 43:09
  And we go to a poker game and there's going to be 10 of us at
• 43:13
  the poker game game. We all go and we all sit down
• 43:16
  and there's ten of us there and there's 10% of 10 is 1.
• 43:20
  There's one guy who sits down at the table.
• 43:22
  We all have like 100. Dollars to pay play.
• 43:25
  Poker. And there's one guy who sits
• 43:27
  down and he's got like 10,000, right?
• 43:30
  We're all going to look at each other and be like.
• 43:32
  Forget this, we're not going. To play with this guy.
• 43:35
  So. I'm telling you guys this
• 43:37
  economy and and really. And I won't go on a on a big.
• 43:40
  Soapbox but the the. Way that the economy is
• 43:42
  developed. The inequality and the.
• 43:45
  The the distribution of wealth in this country that's a strong,
• 43:50
  a hard statistic has never been so extreme like it is right now.
• 43:55
  And it got that way before the Great Depression.
• 43:58
  By the way, look it. Up.
• 43:59
  It's very interesting when a small segment of people.
• 44:02
  Eventually everybody else is like, Nah, I can't play.
• 44:05
  Anymore, I'm done. All right, let's go back one
• 44:08
  more point. We wanted to see on this great
• 44:11
  article from Metals. And miners the inevitable
• 44:14
  response. The incoming.
• 44:16
  Wash Fed will likely be forced to.
• 44:19
  Print money to prevent a cascading consumer crisis,
• 44:24
  creating a massive tailwind for gold.
• 44:28
  And silver and other hard. Assets.
• 44:31
  All right, guys. Thanks for joining.
• 44:32
  Me here in the basement. We, we, we have such a great.
• 44:35
  Time. What a wonderful community.
• 44:37
  US basement dwellers, please give this a thumbs up.
• 44:40
  Subscribe to the channel we'd. Super appreciate that.
• 44:43
  Thanks to. All our sponsors but.
• 44:45
  Most importantly, seriously, thanks to you.
• 44:48
  You're special. Your times.
• 44:50
  Very valuable upstairs. Susie and I appreciate you and
• 44:54
  really consider it a big honor that you join us down here in
• 44:58
  the basement. Have a great holiday weekend.
• 45:00
  For those of you. Who are in the USI got a feeling
• 45:03
  I'll see you. Over the weekend, but.
• 45:05
  Take care and I'll see you, yes. You will see you soon.