Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⏰ The CLOCK Is Ticking on the Gold Price & Silver Price – Precious Metals Investor PREPARE For This!
Transcript
- 0:01We are living through historic precious metals times.
- 0:04Things are exploding in the precious metals markets that
- 0:08will include some volatility. But $50 silver new all time
- 0:13highs in silver, hey, that's great.
- 0:16But what we want to talk about and look at the reasons why and
- 0:20examples why we could easily see $60.00 silver, 70, eighty, $100
- 0:28silver, and who knows how high gold can go as well.
- 0:32That's what we're going to look at.
- 0:34That's what we're going to talk about in this video.
- 0:37But the most important thing that we're going to say right
- 0:40now is you. Yes, thank you for joining me
- 0:42down here in the basement. This is not possible without
- 0:45you. You're important, you matter.
- 0:47Please share this with your friends, Subscribe to the
- 0:51channel, hit that little subscribe button that's free.
- 0:54I want you to come back. I want you to know so that
- 0:56you're a basement dweller, you're part of this great
- 0:58community and things are nutty right now in the world of
- 1:02precious metals where everywhere.
- 1:04Let's just try to get a grip on what's going on right now and
- 1:07look at what's happening with this backwardization in the
- 1:10silver markets, which is becoming more and more critical.
- 1:14First, we're going to go out here to the spot price of silver
- 1:18from Kitco. OK, Wow, guys, let that sink in
- 1:22for one second. Let's circle it.
- 1:24It's a big day, right, $50 silver.
- 1:28I'm going to freeze the screen and eternity this morning in the
- 1:32spot again, this is the spot market.
- 1:35We got as high as $51 per oz. So yes, historic day.
- 1:40Now we've come down from there, right?
- 1:42OK, we're going to talk about volatility and why we don't
- 1:45really have to worry about it right now.
- 1:47We're going to go through all that again, all the reasons and
- 1:49all the examples in this video. So $50.00 in the spot market,
- 1:54but let's go out and take a look at the futures market, OK?
- 1:58This is the December futures contract where, wow,
- 2:03unbelievable. Now guys, there's December.
- 2:07So this is silver in December, $48.23.
- 2:13That number right there, the futures price is supposed to be
- 2:17and almost always is higher than the spot price.
- 2:21So the fact that we have an almost $2.00 spread between the
- 2:25spot price in I believe London, right, LBMA, the LBMA in London,
- 2:30England and the COMEX futures price in the United States,
- 2:34that's called backwardization. That means that people are
- 2:37willing to pay a lot more to get their hands on silver right now.
- 2:42Don't worry. We're gonna go look at the gold
- 2:44chart. But that's a big deal because
- 2:46what that shows is the potential maybe a bit more than
- 2:50speculation that there is major stress in the physical silver
- 2:54market, right? And we're gonna talk about
- 2:56China, we're gonna talk about Robert Kiyosaki, we're going to
- 3:01talk about $668 silver. But before we do that, we are
- 3:05going to go take a quick look at the gold chart because we are
- 3:08having volatility and there's a reason why we need to realize
- 3:12that there may be more to come. Look at what happened in the
- 3:15gold. I don't know what happened here
- 3:17this morning at what, around 9:49 Eastern, 9:30 Eastern, some
- 3:24big announcement must have came out 'cause the gold price took a
- 3:27real dive down almost $50 per oz.
- 3:31But guys, remember couple key things to remember to keep your
- 3:34sanity as we go through this. We're, we are shooting for
- 3:39triple digit silver's. Our friend Keith Neumeyer coined
- 3:42that phrase years back. Right, $50, fifty, $1.00 silver.
- 3:46That's great. We are going to have volatility.
- 3:48The more this moves up, the more volatile the price will become.
- 3:53The important thing is to remember the underlying
- 3:55fundamental reasons why we know precious metals, silver and gold
- 4:01are in good shape now and that we believe will be in good shape
- 4:05in the future. That backwardization situation
- 4:08in the silver market is very unusual and and again, shows
- 4:13major sign of stress in the physical market for silver.
- 4:18What did Robert Kiyosaki say? Robert Kiyosaki, the author of
- 4:22Rich Dad, Poor Dad, right, Mega wealthy guy, best selling
- 4:26author. Let's go see what he's telling
- 4:28us about silver and gold. And then we're going to talk
- 4:30about $668 per oz silver. But Robert Kiyosaki said two
- 4:36things. OK, the end of the US dollar, he
- 4:41says. I'm adding to my gold, silver,
- 4:44Bitcoin and Ethereum stack. Savers of U.S. dollars are
- 4:49losers. Be a winner, right?
- 4:51In a nutshell, we know what he's saying.
- 4:53The real and nominal value of the US dollar because of simple
- 4:57mathematics, because we know how to use a calculator, $38
- 5:02trillion in debt. Let's just say we're going to
- 5:05have high inflation and we will have further devaluation of the
- 5:10US dollar, which will bode well. It's not so much gold and silver
- 5:14going up, it's the US dollar going down.
- 5:18But then he had this to say. His next tweet this morning, he
- 5:22says silver near all time high silver is a dollar away from
- 5:28turning into a rocket ship. Please get a few silver coins.
- 5:34Hopefully you out there, you know how many you own, you've
- 5:37got yours already before the silver rocket leaves the earth.
- 5:43So that's Robert Kiyosaki, right?
- 5:45You know, again, best selling author, author of rich dad, poor
- 5:50dad telling people get out of the dollar, get into precious
- 5:54metals. Who else has been saying that
- 5:56lately? Morgan Stanley, right, the Wall
- 5:59Street behemoth. Ray Dalio, right, the founder of
- 6:03Bridgewater. We're going to talk about him
- 6:04later. Ray Dalio said some shocking
- 6:06things about precious metals. Jeffrey Gunlock.
- 6:10The list goes on and on. Goldman Sachs, we're going to
- 6:12talk about them, right? We got to move quickly here.
- 6:15We got a lot to cover, $668 silver.
- 6:19Is it real? You're darn Tooting.
- 6:20It's real. It just takes some simple
- 6:23mathematical calculations and this came from our friends at
- 6:27the Gold Silver HQ said don't get obsessed with the magical
- 6:32$50. And that's why coincidentally,
- 6:35that's what we said at the beginning of our of our live
- 6:37stream video here. OK.
- 6:39That's just a nominal all time high.
- 6:43Silver's real all time high is much higher.
- 6:47And if you account for the M2 money supply and inflation, the
- 6:52adjusted all time high for silver is right here guys, right
- 6:57here. Can you say right, hold on, I
- 7:01will say it, $668 silver. So again, silver hit $50 back in
- 7:101980. When we adjust those numbers in
- 7:13many different ways, we get $150.00 silver.
- 7:17This example showing us $668 silver in the world is hoarding
- 7:22silver. Let's go to Canada.
- 7:25So much happening. I'm going to run through this as
- 7:27quickly as I can because all of this is evidence and reasons why
- 7:32we can remain very optimistic about both the gold and the
- 7:36silver price from the Silver Academy.
- 7:39Breaking Canada says to the United States.
- 7:42No silver for you, our friends up in Canada, and we've got a
- 7:47number of them watching right now.
- 7:48Hey, what's going on? Says physical.
- 7:51Silver shortages grip major markets worldwide.
- 7:54Costco, the Royal Canadian Mint, the leading dealers across the
- 7:58United States, the United Kingdom, Holland, India, Turkey,
- 8:01South Africa, Vietnam and more are reporting that they're sold
- 8:06out. Always do your own
- 8:07investigations, right? Did I say that already?
- 8:10I'm not a financial advisor, guys.
- 8:12Look, I don't have a crystal ball.
- 8:13I just give you my truth. Do your own research, OK?
- 8:16But this one's simple. Type in the browser the
- 8:19following Canadian PMX Behold, read this message that just got
- 8:24screenshotted and let's see if we can get this up so we can see
- 8:27it. OK, Notice to US based clientele
- 8:32until further notice, we are temporarily just like Richard
- 8:36Nixon in 1971 temporarily took us off the gold standard, but
- 8:41our Canadian bullion dealer friends are temporarily
- 8:44suspending all metals shipments to the United States.
- 8:49And then over here it says, dear America, no silver for you.
- 8:53So very, very interesting. Hey, look, if you want to get
- 8:56your hands on some silver right now, I'm going to show you
- 8:59something absolutely beautiful. I'll show you this one first.
- 9:02That's a 5 oz bar, one of the coolest.
- 9:05That's upstairs. Susie.
- 9:07Yeah, that's her, that's her favorite.
- 9:08But they also have this, our friends at Firstament.
- 9:12That's a 10 oz. That's an American flag.
- 9:14That's their Folds of Honor series.
- 9:17You can get silver from First Mint, right?
- 9:20Remember, First Mint is owned owned by First Majestic Silver.
- 9:25Keith Neumeyer, the guy that coined triple digit silver, he's
- 9:29the CEO of First Mint. I'm sorry, the CEO of First
- 9:33Majestic Silver. I guess technically also the CEO
- 9:36of First Mint, but First Majestic Silver owns First Mint.
- 9:40First Majestic Silver mines the silver in Mexico, ships it to
- 9:43Las Vegas, and then after it's transformed into these beautiful
- 9:47silver products, it goes directly to you, never touches
- 9:50the COMEX, never touches the LBMA.
- 9:53It's the freshest silver on the market.
- 9:55I'm going to show you quickly. We appreciate they sponsor my
- 9:57channel, their website, and here's their Folds of Honor, the
- 10:02product line. OK.
- 10:04And this helps to benefit the Folds of Honor Foundation, which
- 10:07provides academic scholarships to children and spouses of
- 10:11fallen and disabled members of the military and 1st responder
- 10:17community. You can find the full, I'm
- 10:19sorry, Folds of Honor section if you go to their store up there
- 10:23at the top and go down there to Folds of Honor, but they also
- 10:27have bars, rounds, all types of unique products to 1st mint,
- 10:31free shipping on orders over $299.
- 10:35A great selection. Again, it's a company you can
- 10:37trust. It's they're owned by First
- 10:39Majestic Silver. So it's the freshest silver
- 10:42around and it is minted here in the United States in Las Vegas,
- 10:46NV. All right, let's move on.
- 10:48How about Chinese? OK, so today the Chinese came
- 10:51back from holiday. They were out for like what, 8
- 10:54or 9 days? Always hear about Chinese people
- 10:57working these crazy hours, but they get these big like week
- 11:00long holidays. Anyway, they're back in the
- 11:02markets. Did that have something to do
- 11:04with this crazy activity that we saw in the silver market?
- 11:08But let's watch a short little video about what is happening in
- 11:12China. There's somebody very happy to
- 11:14be getting their Folds of Honor scholarship.
- 11:20All right, here we go. This is on YouTube and it's
- 11:24about two minutes long. We may or may not listen to the
- 11:27whole thing, but very insightful as to what is happening right
- 11:30now in China with silver. So investment demand for silver
- 12:10in China is taking off. We're seeing this from their
- 12:13online retailers. We're hearing that from people
- 12:16on the street, and we're hearing it all over the world.
- 12:19But remember guys, there's 1.4 billion people in China,
- 12:23including this fine gentleman who's going to share some more
- 12:26information with us. Wow, it's muted.
- 12:53Uh oh, you can't hear it. OK, all right, well, we'll just
- 12:56go back. Look, guys, that video basically
- 12:59said investment demand for silver in China is absolutely
- 13:04through the roof. I wonder why you couldn't hear
- 13:06that. You never know when you're look,
- 13:08this is live. I'm doing the best I can and I
- 13:10appreciate you for understanding that, right?
- 13:13There's so much going on, so many moving pieces, but invest
- 13:17demand in China, don't. Oh, I got a super chat.
- 13:20Thank you. I'll recognize that in one
- 13:22second. It's not, but it's not.
- 13:23I mean, China 1.4 billion people, India 1.4 billion people
- 13:29in 1980, last time we had $50 silver, 2011, last time we had
- 13:35$50 silver. China and India were on the map,
- 13:39but economically and financially were nowhere near where they are
- 13:44right now. Think about it.
- 13:46So when we talk, everybody's like get their mind all stuck on
- 13:49$50 silver. No baby, no OK, basement
- 13:53dwellers, we want our mind stuck on 6080100140 dollar silver.
- 14:00We want our mind stuck on that right there, right below the
- 14:04toilet seat. You'll see the silver bear
- 14:07blindfolded with 85. We're going to have the biggest
- 14:09party you ever seen when we get the $85 silver.
- 14:14And I know I believe just me, not a financial, I believe that
- 14:19we're going to see that a lot sooner than most people realize.
- 14:23OK, so the holidays over now the Chinese are back buying silver.
- 14:27Goldman Sachs. Goldman Sachs raised their gold
- 14:31update. Let's talk about that and why
- 14:33that's important. This comes from our friends at
- 14:36investing.com. Goldman Sachs raises its gold
- 14:40price to $4900 by year end 2026. You know, you want to, I'll read
- 14:50a code. Here we go.
- 14:53Hold on here. OK, OK.
- 14:58Raise their forecast to 4900 an ounce from 4300.
- 15:02So pretty big increase saying the recent rally is being driven
- 15:05by durable demand from both central banks and Western
- 15:09investors who have been absent. You know who they're talking
- 15:15about, Don't tell anybody, OK, you gold and silver stacker, you
- 15:20don't tell anybody. But you know who they're talking
- 15:22about when they're talking about those western investors, they're
- 15:25talking about the other 98 out of 100 people in your western
- 15:30country, whether that's the United States, Europe, whatever,
- 15:33Australia, I don't know. I don't know if Australia is
- 15:35Western, but I think it pretty much is anyway, right?
- 15:38The other 98, the other 98% of people that don't own gold and
- 15:42silver who are just now waking up.
- 15:44We tried. We've been telling them for
- 15:46years, okay. And you know who those people
- 15:48are? They're the the sheeple, all
- 15:54right. The, the bank said inflows
- 15:56behind gold 70% gain since last August, particularly western ETF
- 16:01inflows and likely central bank purchases are sticky.
- 16:05That means they aren't going anywhere.
- 16:07People aren't looking to get rid of their their gold investments
- 16:11because they know that they're making a great, great thing.
- 16:15Let's look at some crazy data when it comes to the paper
- 16:19silver markets, which we are now seeing manifest right before our
- 16:23very eyes today. Silver's great divide again from
- 16:26the Silver Academy 379 claims on each one real oz.
- 16:34When paper lies multiply, real metal wins.
- 16:38Sees the impending breakout before the masses.
- 16:41Once again, they're referring to the sheeple.
- 16:46I won't do that again waking up because there will be no silver.
- 16:50There will be. Your local coin shop will have
- 16:52no silver for you, no soup for you, and no silver for you.
- 16:57Trust me, if you're new, right, or if you've been around a while
- 17:01like I have, you can walk into a coin shop and that big glass
- 17:06case full of all that beautiful silver that it has, and it may
- 17:10even be empty right now. I don't know.
- 17:13I haven't been to a coin shop for a while in the last few
- 17:16days, but it'll be empty. It'll be empty.
- 17:19And I have a little sign saying that if you want silver, you
- 17:23give us your money now and we deliver silver to you in six
- 17:27weeks, 8 weeks, 10 weeks, whatever the weight may be.
- 17:30But the stress, sorry, got to get back.
- 17:32There's 380 claims for each one ounce of silver.
- 17:37Let's just read this part right here, OK?
- 17:41Global silver markets are approaching a critical
- 17:43inflection point as the disconnect between paper and
- 17:46physical silver reaches extremes not seen before, as can be
- 17:51demonstrated, like we talked about earlier, by the fact that
- 17:53we have backwardization right now.
- 17:56Massive backwardization in the silver market, where the spot
- 18:00price is almost $2.00 per oz higher, according to the latest
- 18:04data from the London Billion Market Association.
- 18:08Free floating inventories have plunged to just 135 million oz,
- 18:13roughly half of the markets daily trading volume.
- 18:17OK, analysts have said there's less than four months of freely
- 18:21available silver remaining at the same time.
- 18:24Next paragraph here. This is the key.
- 18:29At the same time, the paper to physical ratio in London's
- 18:32unallocated system is now estimated at 378 to one.
- 18:37In simple terms, this means there are 378 paper promises for
- 18:44every actual ounce of silver that exists in vaults.
- 18:47This means hundreds of investors believe they own silver, but
- 18:51only one of them could ever take delivery.
- 18:55The rest hold nothing more than digital IO US paper Fantasy
- 19:00Island silver. OK, it's crazy.
- 19:02Let's go look this. Excuse me, just to get an
- 19:10update, this camp comes from our friend the Dude.
- 19:14OK, we'll look at the COMEX. The silver market yesterday
- 19:18traded 549 million paper oz. Again, guys, the entire mining
- 19:23sector in an entire year, year. Think about this, working 24
- 19:27hours a day, seven days a week, 365 days a year, the entire
- 19:32world mining sector produces 800 million ounces and in one day
- 19:38and one what, 6 1/2 hour period, the paper markets trade 550
- 19:44million of those 800 million. Let that sink in.
- 19:49Do you think that's the real price of silver?
- 19:52I don't think so. More evidence this is from
- 19:55yesterday. I only knows what's happening
- 19:58with this today, but we are seeing more major, major.
- 20:03Signs of stress in the electronic silver's markets.
- 20:06This is from Bob Coleman silver ETF alert borrowing fee for
- 20:10shorting the SLV. The ETF electronic silver SLV
- 20:14shares is going through the roof.
- 20:17Reached as high as I believe I even saw 12%.
- 20:21What's in your wallet? I don't know what's happening
- 20:23there today. It could probably be even
- 20:26crazier. And then the cherry on top,
- 20:28right, The smartest guy in the room has something very, very,
- 20:33very shocking to say about precious metals.
- 20:38That's Ray Dalio. Ray Dalio started Bridgewater
- 20:41Capital. The world's like most
- 20:43successful, one of the biggest, if not the biggest hedge funds
- 20:46in the world. Yes, hedge funds are where rich
- 20:49people put their money because the hedge funds are considered
- 20:52to be like the smartest investors around.
- 20:55Ray Dalio started the biggest, most successful 1.
- 20:59Ray Dalio has something shocking to say about gold.
- 21:05But when he says it about gold, it also relates to silver.
- 21:08And Ray said this came from Bloomberg.
- 21:14Waiting for it to pop up on the screen.
- 21:17Come on, come on. We'll refresh it, see if it
- 21:21comes up. I don't know what happened
- 21:23there. We have nothing but a black
- 21:25screen. So we'll go to this next one.
- 21:28Here we go, Another article about Ray Dalio, this one from
- 21:32CNBC. Ray Dalio says today is like the
- 21:35early 1970s. An investor should hold more
- 21:38gold than usual. All right, this is There's
- 21:41something critical I want to share with you about this.
- 21:43The billionaire investor. Let's make this bigger.
- 21:46Hold on so you can see it properly.
- 21:52And why is that not coming up? Hold on here, guys.
- 21:57Huh. I don't know what's happening.
- 22:00That screen will not come up, so I am going to read this to you.
- 22:05Hold on here. Having some stream yard issues
- 22:08yet again. Let's try this.
- 22:12Hold on. Remove and upgrade.
- 22:20All right, let's try it. I'm going to.
- 22:21I'll be right back. I'll be right back, my friends.
- 22:24Don't worry. We want to hear what Ray Dalio
- 22:26has to say and do this and share.
- 22:33OK, let's see if this is working now.
- 22:35Here we go. All right, the billionaire
- 22:42investor compared today's environment to the early 1970s,
- 22:46when inflation, heavy government spending and high debt loads
- 22:50eroded confidence in paper assets and Fiat currencies.
- 22:54He said, Quote, it's very much like the early 70s, where do you
- 22:57put your money? He said.
- 22:58When you're holding money and you put it in debt instruments,
- 23:02right, like bank accounts or Treasuries or C DS.
- 23:06And when there's such a supply of debt and debt instruments,
- 23:10it's not an effective store hold of wealth.
- 23:14So Ray Dalio recommended, let's go up here.
- 23:18It's going to show you this on the earlier one.
- 23:20But Ray Dalio, Bridgewater Capital Associates founder, says
- 23:26that investors should allocate as much as 15% of their
- 23:30portfolio to gold, even as the precious metal hits an all time
- 23:36high above $4000 per oz. And what he's saying about the
- 23:4070s guys is music to your ears. Music to my ears man.
- 23:46The whole screen is falling apart on me.
- 23:47Hopefully you can see me and hear me now.
- 23:50I apologize for the tech issues, but the 1970's, the price of
- 23:55silver went from like what, $2.00 an ounce to $50.00 an
- 23:58ounce by 1980, gold went up. I think it's 17, not 17 percent,
- 24:0317 times in value. We've talked about it
- 24:06exhaustively. We are living in a very similar
- 24:10situation. We said it before Ray Dalio did.
- 24:13It's called stagflation. It's a stagnant economy with
- 24:16inflation. The Fed has no choice but to
- 24:19continue to devalue the US dollar, both in real terms terms
- 24:23and nominal terms. Guys, we're in for a wild ride.
- 24:26Don't forget, right? Nothing goes straight up.
- 24:29We could have some bumps in the road.
- 24:31We're going to be just fine. We're already doing fine.
- 24:33Imagine this, right, if you were here with me a year ago, two
- 24:38years ago, when the price of silver was what, 30 bucks an
- 24:41ounce or less, and we said that in October of 2025 we'd have $50
- 24:47silver. We'd be like, woo Hoo, yay,
- 24:50let's go, baby. OK.
- 24:52But what's even more important is that when we look at all the
- 24:56facts involved, we listen to Robert Kiyosaki.
- 24:59We we do. We do some simple math.
- 25:01We hear and we know, right the physical silver, even on a
- 25:06retail investment side, there's shortages developing everywhere.
- 25:09When we look at the big picture, we aren't so focused on $50
- 25:13silver. Me personally, I'm focused on
- 25:16sixty $8100 silver. And of course, right, the
- 25:20opportunity while we're having some weird tech right now,
- 25:26opportunity for us to get the $85 silver.
- 25:30I do also want to say thank you to a channel sponsor, First
- 25:34Dining Gold. They're Canadian gold
- 25:36development stage company, 2 huge projects in Canada, multi
- 25:41million ounce gold projects in Canada, Spring pull in Ontario,
- 25:45Du Parquet located in Quebec. These are big projects that are
- 25:49being moved through the development phase.
- 25:51Catalyst, Rich, a lot of gold in the ground, hundreds of millions
- 25:55of dollars spent on drilling and defining these, these deposits.
- 26:00And now they're moving through the process where they where
- 26:04they get, where they're being developed, where they're getting
- 26:06permits, working on those types of things.
- 26:09Very exciting company. You can check them out at
- 26:11firstmininggold.com. Thank you for being here guys.
- 26:14It is OK, I go back. Thank you, everybody.
- 26:22Let's get the 200 thumbs up. I will ring the bell right for
- 26:25200 thumbs up and let me see if I can.
- 26:29I can't see the Super chats. Hold on a minute here.
- 26:33Oh, maybe I can Cool. All right, OK, yourself.
- 26:37Thank you for the Super chat. Got that up on the screen.
- 26:41Wow, Thank you. 25 AED. Wow.
- 26:44Thank you, my friend. Next super chat.
- 26:48I can't read that. Sorry, guys, hold on here.
- 26:53OK, that's from mud. Thank you, MUD.
- 26:56I appreciate it. And Silvershire, good to see
- 26:59you, my friend. Hey, thank you for the Super
- 27:02chat. And I can't.
- 27:03I'm having some. Good morning, You Beautiful
- 27:05stackers. All right, guys, and let's ring
- 27:10the what? Hold on Susie's.
- 27:14Please hold the walkie a little bit away from your mouth so I
- 27:16can understand you, sweetheart. Ring the gong.
- 27:21OK, I'm going to ring the gong. We got our we got our thumbs up.
- 27:24Hey, guys. Thank you.
- 27:25All right. What a wild ride.
- 27:27What a lot of fun. Most important, man.
- 27:32Thank you, man and woman, people all over the world coming to the
- 27:37basement, the miracle of technology.
- 27:39We're part of the community. We've got $50 silver.
- 27:43We had a new to all time high today.
- 27:45I think it's just getting started.
- 27:47It's going to be a wild, wild, fun ride for us together.
- 27:51Guys, seriously, for all the years that we've been together,
- 27:54what a great time to be in precious metals.
- 27:58What a great time to be together.
- 27:59OK, Please, like I said earlier, subscribe to the channel if you
- 28:02haven't already. Have a great day and I'll see
- 28:05you next time down here in the basement.
- 28:07I'll see you soon. Bye bye.