Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER** You Best PAY ATTENTION to This! 🐨🐨 (Gold Price Also)

Transcript

**SILVER** You Best PAY ATTENTION to This! 🐨🐨 (Gold Price Also) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Breaking news on the bricks, gold backed currency, we'll call
• 0:05
  it the gold standard. But first, do you remember when
• 0:08
  gold hit all time highs in other currencies?
• 0:12
  That happened what, two years ago?
• 0:14
  One year ago? It happened before gold hit an
• 0:17
  all time high in silver. Are we seeing silver now
• 0:23
  exhibiting that exact same behavior?
• 0:25
  Are we seeing silver hit new all time highs in other currencies?
• 0:29
  And how long will it be until it makes its way to the United
• 0:34
  States? Let's go out and take a look at
• 0:35
  what's going on in Australia because it's very interesting
• 0:40
  that in Australian dollars, that's the AUD that you see in
• 0:44
  the middle of the screen. Silver is currently pushing up
• 0:47
  against $42.00 per oz. We look at a chart of silver in
• 0:53
  Australian dollars going back all the way to 1975 S 50 years.
• 0:59
  Do you see the big cup and handle?
• 1:01
  It's almost like a tilted cup and handle.
• 1:03
  Again, this is silver measured in Australian dollars.
• 1:08
  But look back there and like what, 1980?
• 1:11
  When silver got the $50.00 in the US, it was up only near 30,
• 1:16
  2011. It had the big spike up with our
• 1:19
  big spike up. But look at what is happening
• 1:22
  now. Silver in Australian dollars is
• 1:26
  pushing up against. I heard a few people say that it
• 1:29
  had hit all time highs. Other people are saying it's
• 1:32
  near. So I'm going to err on the side
• 1:35
  of being conservative and say we are up near all time highs.
• 1:39
  But what is this telling us? What is this telling us when we
• 1:44
  have silver doing the same thing that gold did just a few years
• 1:49
  ago? Remember all that hoopla that we
• 1:51
  had about gold? Oh, gold's hitting all time
• 1:53
  highs and Chinese yuan and Indian rupee and and this
• 1:57
  currency, that currency, it wasn't much longer than gold,
• 2:01
  then hit an all time high here in the United States.
• 2:04
  Thank you, Don for that super chat.
• 2:05
  Super appreciated. Hey, by the way, while I've got
• 2:08
  your ears, basement dwellers, thank you for being here.
• 2:11
  It's a big deal that you decided to be here.
• 2:15
  I want you to feel like you found a home away from home here
• 2:17
  in the basement where we love to talk about silver and gold.
• 2:20
  We do it every day. So why not subscribe?
• 2:23
  It's free. Press the subscribe button, turn
• 2:26
  on the notifications and leave a comment.
• 2:29
  And we got a couple viewer interesting, great viewer
• 2:32
  comments, right? Your thoughts really matter.
• 2:34
  So we saw it in gold. Are we now seeing it in silver?
• 2:38
  Let's look at one more slide here.
• 2:41
  This shows the silver price again in Australian dollars over
• 2:45
  the last number of years. OK, look at that, 20 years up
• 2:49
  almost 400% when measured in Australian dollars.
• 2:54
  But what is that telling us? What's the big key take away
• 2:57
  here? The big key take away is this is
• 2:59
  basically a Fiat paper race to the bottom.
• 3:04
  Of course, the reason why when measured in Australian dollars,
• 3:07
  silver is much more expensive is because of one simple fact,
• 3:12
  because the Australian dollar has lost value relative to the
• 3:17
  United States dollar. But it's all it's a big race to
• 3:21
  the bottom. The big picture, the important
• 3:23
  thing for us to remember, right, is that when you measure these
• 3:28
  currencies against each other, that's like comparing the two
• 3:31
  crediest cars in the used car lot, OK, when across the street
• 3:36
  at the Honda dealer, there's a brand new Honda Accord, and
• 3:40
  that's gold and silver, right? Imagine like, look across the
• 3:44
  street and there's a silver Honda Accord and a gold Honda
• 3:47
  Accord. Brand new cars.
• 3:49
  Across the street at the used car lot, there's a 15 year old
• 3:54
  car with 294,000 miles. That's the US dollar.
• 3:58
  And there's another one, just the baddest shape.
• 4:00
  That's the Australian dollar. They're over there fighting
• 4:03
  against each other. When the real value is a cry.
• 4:05
  It's like, it's like a teeter totter, OK, on one side you've
• 4:09
  got precious metals, gold and silver, real value.
• 4:13
  On the other side, you've got all this just paper money.
• 4:16
  They they can, they can triple the supply.
• 4:19
  They can quadruple the supply. We know what they did with the
• 4:21
  dollar during the C19 crisis. They printed 40% more U.S.
• 4:26
  dollars. So the big take away here, two
• 4:29
  things as we look at this record or near record high in silver in
• 4:35
  the Australian dollar is the fact that a big part of it is
• 4:39
  just due to the Fiat paper race to the bottom, OK?
• 4:43
  The other big take away is that it likely it could indicate to
• 4:48
  us that it's just a matter of time till that record silver
• 4:51
  price that's in Australia right now makes its way halfway around
• 4:56
  the world. And Susie and I went to
• 4:58
  Australia like 15 years ago. I can attest it's halfway around
• 5:01
  the world. Don't know if I'll ever do that
• 5:03
  trip again. But will the record silver
• 5:06
  prices make it? Yes, they will, just like gold
• 5:10
  did. OK 'cause it's just a matter of
• 5:12
  time that those Fiat currencies adjust against each other.
• 5:16
  We talked about, we talked about this is so critical for us to
• 5:19
  remember the US dollar right in that relative, in that relative
• 5:24
  measurement, the DXY they call it is still very high.
• 5:28
  From 2011, I'm sorry, 2001 through 2011, the last time we
• 5:33
  had a real sustained bear market in the US dollar, the US dollar
• 5:38
  index went down that side of the teeter totter.
• 5:41
  That's the prettiest turd in the toilet or the best horse in the
• 5:44
  glue factory or the best used car on the crappiest used car
• 5:47
  lot, whatever you want to call it.
• 5:49
  The last time that went down at a bear market O1 to 2011, we had
• 5:55
  a what, 10X in the silver price, a 10X.
• 6:00
  Hey, man, it's early Sunday morning.
• 6:03
  What? Let's get excited 10X and the
• 6:06
  silver price. You want to hear more about 10
• 6:08
  XI Bet you do hold on one second.
• 6:10
  I'm going to have a drink of coffee because I've got
• 6:12
  something very interesting to share with you again, everywhere
• 6:15
  we look right positive, positive stories that we can talk about
• 6:20
  regarding to to silver. Let's turn that mic back on.
• 6:31
  OK, I have something I need to share with you.
• 6:34
  Thanks again Don Bright and early appreciate the Super chat.
• 6:41
  That's not it. OK, this come guys, I tell you,
• 6:43
  please leave comments. Read the comments you guys.
• 6:48
  It is so much how we learn is from each other.
• 6:52
  And this was a great point pointed out by Super Apex 2128
• 6:58
  stocks and real estate are 10 times overvalued relative to the
• 7:03
  dollar, right? We know there's bubble, bubble,
• 7:06
  bubble and he's using just 10X. But this is this is good guys.
• 7:09
  The dollar is 10 times overvalued relative to gold and
• 7:15
  gold is 10 times overvalued relative to silver.
• 7:19
  And that's true. The gold to silver ratio right
• 7:23
  now is like 89, right? And there's about 9 ounces of
• 7:27
  silver mined every year for each one ounce of gold.
• 7:32
  So that's all true. Stocks in real estate 10X
• 7:35
  overvalued. The dollar itself 10X overvalued
• 7:39
  in gold. The argument can be made 10X
• 7:42
  overvalued relative to silver. We'd rather see the silver price
• 7:46
  come up. But what what Super Apex says,
• 7:49
  Super Apex says is this is how much purchasing power has been
• 7:53
  denied. Oh, to US basement dwellers,
• 7:57
  thank you for using that term. That's what we call each other
• 7:59
  here. Basement dwellers over the years
• 8:01
  by the demonetization of silver, which is still the lawful
• 8:08
  foundation of our monetary system.
• 8:10
  Guys, that really is accurate what he said.
• 8:13
  Now, whether or not it's 10X12 X 5X, no matter what it is, no
• 8:18
  matter how you slice it and dice it, stocks in real estate are
• 8:21
  overvalued. The dollar is paper.
• 8:24
  Nothing, it's overvalued. Gold is overvalued, or we should
• 8:29
  say silver is undervalued relative to gold.
• 8:33
  Go down that chain of events and it's astounding just how
• 8:37
  undervalued that silver is. And then he points out that it's
• 8:41
  the lawful foundation of our monetary system.
• 8:44
  Basement dwellers, let's remember something critical.
• 8:49
  Why do you think that the founding fathers of the United
• 8:52
  States put it in the US Constitution that gold and
• 8:55
  silver are real money? I thought of something very
• 8:59
  powerful the other night when I was thinking about this fact,
• 9:01
  right? I mean, you know, we had gold,
• 9:03
  silver, you know, the whole story, the gold, silver
• 9:05
  standard. It worked.
• 9:06
  It worked great. It's in our Constitution.
• 9:10
  And I thought about this, the founding fathers of our country,
• 9:14
  we're thinking about you, right? In your, in your spouse and your
• 9:19
  children, your parents, your grandchildren.
• 9:22
  When they wrote that into the Constitution, they were thinking
• 9:26
  about us. But we don't ever think about
• 9:29
  them. We kind of forgot about it.
• 9:33
  I heard somebody the other day say the Constitution's outdated.
• 9:36
  I don't. Well, I don't think so, right?
• 9:38
  There's certain principles that are timeless.
• 9:41
  The founding fathers put gold and silver into the Constitution
• 9:44
  and they were thinking about you today, me, right?
• 9:50
  But we don't think about them enough, right?
• 9:52
  I know people like Pat Holland, right, for the Missouri Freedom
• 9:55
  Initiative in this wave of legal tender legislation sweeping the
• 9:59
  country. Daniel Diaz, right, from
• 10:02
  Citizens for Sound Money that are working and it's happening.
• 10:07
  But for the most part, OK, we think about them.
• 10:09
  But let's be real, right? 98% of Americans, they don't
• 10:13
  think about the Constitution. But those founding fathers were
• 10:17
  thinking about you and me. When they put that into the
• 10:19
  Constitution, are we going to see are we we are are we or are
• 10:26
  are we or we are going to see the announcement of some type of
• 10:31
  gold backed currency right in the from the bricks in the
• 10:36
  bricks as a result of the bricks big meeting here at the end of
• 10:39
  October. Let's get into that next right
• 10:42
  now I want you to join me in a quick sip of coffee
• 10:57
  because we have breaking news about what the bricks may
• 11:01
  announce and again this will be here at the end of October.
• 11:05
  We already know they explicitly are talking about D
• 11:08
  dollarization, but, and I first learned this from Chris Marcus
• 11:12
  at Arcadia Economics. He brought up a great point.
• 11:16
  He's got a whole video on this, but here's what I want to go to.
• 11:25
  OK guys, David Lee on X Twitter, whatever you want to call it,
• 11:30
  breaking news from the Russian news agency.
• 11:33
  He says expect some interesting outcomes from the Kazan Summit
• 11:36
  Summit. That's the BRICS Summit, October
• 11:39
  22nd and 24th. We'll just read through a few of
• 11:42
  these things because it looks like we're going to hear about a
• 11:45
  new trade settlement currency, a BRICS currency, and it looks
• 11:49
  like it could be backed by gold, OK.
• 11:52
  He also confirmed that a list of projects has been determined
• 11:55
  which a common unit of account. That's the unit, A platform for
• 12:01
  international settlements and bricks digital currencies.
• 12:04
  That's bridge, right? We've heard about in bridge
• 12:06
  other things, a payment system, pay a settlement depository
• 12:10
  clear, an insurance system, insurance and a bricks rating
• 12:15
  alliance. But this is where it gets
• 12:17
  interesting. And again, this is from, as you
• 12:19
  can see at the top, the task, the Russian news agency.
• 12:25
  The unit assumes that the value of the common unit of account is
• 12:31
  pegged by 40% to the value of gold and by the remaining 60% to
• 12:39
  a basket of national currencies of the BRICS countries.
• 12:43
  And I even had heard, I don't see it in this article that that
• 12:46
  other 60% that those countries have to somehow have their,
• 12:50
  their currencies tied back to gold as well.
• 12:53
  OK, this approach can make a make it a convenient and
• 12:56
  universal instrument because gold is universal.
• 12:59
  Precious metals are a universal When you have a unit unit of
• 13:03
  account that can be converted into any national currency, it
• 13:07
  is more convenient for you to hold it since it is a more
• 13:11
  liquid instrument. Again, guys, this is breaking
• 13:14
  news just coming out over the weekend from the Russian News
• 13:19
  agency. There's a lot of speculation
• 13:22
  about what we're going to hear here at the end of October when
• 13:24
  they have the massive BRICS summit in Russia.
• 13:28
  Remember these BRICS countries, OK, they control like a lion's
• 13:34
  share of the world's natural resources.
• 13:36
  They control a lion's share of the world's economic activity
• 13:42
  and growing. We're talking about China,
• 13:45
  India, right? I mean, those are massive.
• 13:47
  Those countries each have 1.4 billion people each, each,
• 13:53
  right? America, we have what, 320
• 13:56
  million? They have like 4 times each
• 13:59
  India and China people that we have.
• 14:01
  So these aren't major developments.
• 14:03
  Let's go take a look at some recent because the the
• 14:06
  presidents are all talking about it.
• 14:08
  Let's have some fun here. Let's say we'll go back to that.
• 14:13
  OK? This is from Make Gold Great
• 14:16
  Again. OK, exactly 40 US trading days
• 14:20
  until GE's possible gold revaluation.
• 14:23
  Finger snap. That's speculation, guys, but I
• 14:26
  thought this was a good one. OK, hold on.
• 14:33
  Countdown to G's revaluation. Finger snap, 40 trading days
• 14:37
  left. Remember what he said?
• 14:39
  And this was about a year ago when speaking to Russian
• 14:42
  President Vladimir Putin. That we've had change unseen for
• 14:46
  100 years is coming. The world is changing like never
• 14:50
  before. There's his big Gold Glove.
• 14:53
  Let's go back and take a look at this one.
• 14:58
  Here's another good one. Again, this is the big Brick
• 15:00
  Summit coming up. Up, up, up.
• 15:03
  Where'd he go? Hold on here.
• 15:06
  Hold on. We're going to find it.
• 15:07
  Make gold. Great.
• 15:08
  Again. First I'd heard of this guy.
• 15:12
  Conspiracy theory busted. OK, Russia talks about the unit.
• 15:15
  This is a new one. OK, there's Vlad Vladimir Putin
• 15:20
  with a tinfoil hat on the unit. 40% gold, 60% currency like we
• 15:25
  just talked about. This is our world right now,
• 15:28
  guys. OK, we are ahead of the curve.
• 15:30
  We're going to come back to that one.
• 15:32
  We're going to come back to that one.
• 15:33
  There's there it is right here. Vlad turns, turns up bricks.
• 15:39
  Gold vine fever. That's the other thing to
• 15:41
  remember. The other big news of last week.
• 15:44
  My gosh, I almost forgot to share this with you.
• 15:47
  Russia announced that they were increasing their gold vine by
• 15:51
  630%. OK, This is his, his, his invite
• 15:56
  to the big Gold party. Please RSVP by the 24th of
• 16:00
  October for the BRICS Summit. Oh Lord.
• 16:05
  OK, let me make sure we didn't miss any any other ones here.
• 16:10
  All this is going on. All this is going on as we know
• 16:15
  this. OK, that the London Gold vaults.
• 16:20
  Here's a chart. Remember, we know what's going
• 16:22
  on with silver being drained from the COMEX in the LBMA.
• 16:26
  This guy, you can't see it, but Peter Croft was on, I think he
• 16:32
  was talking with Chris. I've been watching a lot of
• 16:33
  Chris Marcus in Arcadia Economics.
• 16:35
  Thank you, Chris, for all your hard work.
• 16:37
  But he was talking with Chris and he talked about that like
• 16:40
  basically over the last three years, the amount of silver in
• 16:44
  the in the, in the warehouses at places like the Comex in the
• 16:48
  LBMA, it's down by like 6070%. And a lot of silver has also
• 16:53
  been drained out of the silver ETFs.
• 16:58
  Excuse me, but this chart is gold.
• 17:01
  London's physical gold. The methodical clean out.
• 17:05
  Here's zero. That would mean no change.
• 17:07
  OK, these are quarterly. Hold on here.
• 17:11
  Let's go back. Make sure we get this right.
• 17:13
  Just enough under the radar. OK, This chart shows physical
• 17:18
  gold withdrawals from London. Each dot shows a quarterly gold
• 17:24
  withdrawal or deposit. There aren't many deposits.
• 17:28
  OK, The red gives you an idea of what's been taken surgically,
• 17:32
  stealth, stealthily, and increasingly just enough to stay
• 17:36
  under the radar. China and Russia had just walked
• 17:39
  the front door with the West family vault.
• 17:42
  That may basically means China, Russia, India are taking all our
• 17:47
  gold. So again, here's 0.
• 17:49
  This would be 0. This goes all the way back to
• 17:51
  2010, guys. OK.
• 17:53
  That would be no change in London's physical gold balls
• 17:57
  down here would be additions, OK, but look up top, those are
• 18:02
  withdrawals in tons as you can see and as he pointed out, yes,
• 18:06
  there are some additions down here at the underneath the zero
• 18:11
  line. But look at all the withdrawals,
• 18:14
  you can clearly see a major trend of major withdrawals from
• 18:19
  London's physical gold. Are we seeing, are we, are we
• 18:23
  about what, 6 weeks, 40 days from now to here about a gold
• 18:30
  back? Is the world going to the gold
• 18:32
  standard? Has the world ever gone off the
• 18:34
  gold standard? Right, guys, we are in a cage
• 18:38
  match right? Right now, the final fight,
• 18:41
  right? It's, it's Showtime.
• 18:43
  It's like the, it's like the the NCAA basketball tournament.
• 18:48
  It started with 64 teams and it's been whittled down to the
• 18:51
  finals. It's gold versus the dollar.
• 18:55
  I'll say it every day until it happens, until we know the
• 18:58
  result. Right in this corner, you've got
• 19:00
  the dollar with 200 years of experience and a steady record
• 19:06
  of losing strength, losing value.
• 19:09
  That's the dollar in this corner.
• 19:11
  In this corner you have gold with 5000 years of experience,
• 19:16
  of strong, consistent growth, strong consistent value holding,
• 19:21
  OK, 5000 years versus 200 years. A history of holding its value
• 19:26
  versus a history of losing its value.
• 19:28
  And over here with gold, gold's been in this cage match with
• 19:33
  many other competitors over those, those last 5000 years and
• 19:36
  1:00 every single time, precious metals, silver, same thing.
• 19:40
  I'm sorry, I don't want to leave out our friend silver, right?
• 19:45
  They've won every time. That's big, that's massive,
• 19:48
  that's important. And it's going to be, it's going
• 19:50
  to shape our lives over the next decades, right?
• 19:55
  I mean, I'm 54. The next 3-4 decades, hopefully
• 19:59
  even the next decade. It's going to be fascinating to
• 20:02
  watch and we're going to watch it together and it's going to be
• 20:05
  exciting and it's going to be confusing and it's going to be
• 20:07
  very difficult to get accurate news about what's going on.
• 20:11
  But I promise you I will do my best because we're we're
• 20:14
  basement dwellers. Do you get nervous about this
• 20:16
  stuff? I mean, it makes me a little
• 20:19
  worried sometimes for my kids, my grandkids.
• 20:21
  I don't have grandkids, but if I do have grandkids, I'd be
• 20:24
  worried for them. My neighbors, my friends, we'll
• 20:27
  hang in there. We'll be there together.
• 20:28
  Again, thank you right for being here.
• 20:31
  Oh, by the way, we hit 40,000 subscribers on the channel.
• 20:37
  I'm I, I don't want to tear up and be speechless, but I'm very
• 20:40
  grateful for this community. I'm very grateful for what you
• 20:44
  guys have done for me and for the channel.
• 20:46
  So thank you very much. 40 thousands, just a number, right?
• 20:50
  There's only really one subscriber, and that's you.
• 20:54
  So thank you for being part of this.
• 20:56
  Thank you for continuing to be a part of this.
• 20:58
  And if I can just convey one message, please, I want you to
• 21:02
  know. Right.
• 21:03
  You're always welcome here. You're part of the club.
• 21:07
  You know, you can disagree. Everything else, everybody here
• 21:10
  is very respectful. I appreciate that and thank you.
• 21:13
  OK, Thank you. Thank you.
• 21:14
  Let me have one more sip of coffee and we got more to talk
• 21:18
  about. Hold on one second.
• 21:28
  Let's go to another. This is another fascinating, I
• 21:32
  mean, fascinating piece of information that came from you
• 21:38
  Here. It is this you guys, This is why
• 21:42
  we helping. I mean, this is new information
• 21:44
  to me about Silver. Another reason to love Silver.
• 21:49
  This game. Wait a minute.
• 21:51
  Yeah. Super Apex again.
• 21:52
  Was that the same guy? Super Apex?
• 21:55
  Hold on a second. It was wow, super Apex, you're
• 21:59
  double featured today, he says. I don't know if you realize
• 22:04
  this, OK, but every home equipped with solar panels again
• 22:09
  so that the demand for silver for solar panels is through the
• 22:13
  roof, guys. Well, look, I'm on the screen,
• 22:16
  right? Don't look at me.
• 22:17
  Look at that over there through the roof.
• 22:20
  If you look at a solar panel, If you see a solar panel today,
• 22:24
  don't call it a solar panel, call it a silver panel cuz each
• 22:27
  one has about 2/3 of an ounce of silver.
• 22:31
  If you see a field of solar panels, think of it like the
• 22:35
  biggest silver stack you've ever seen in The demand for silver
• 22:40
  from the solar industry only continues to explode.
• 22:46
  They're building solar farms in China, bigger than New York
• 22:49
  City, Paris, right? They're building solar farms in
• 22:53
  India, same thing, bigger than Paris.
• 22:56
  I mean, massive solar farms. What about the United States?
• 23:00
  We just got word thanks to our friend Mark S, who who sent me a
• 23:03
  great article that said here in the United States, the Bureau of
• 23:07
  Land Management just opened up 31,000,000 acres of federal land
• 23:13
  for solar development. Now, they're not going to put
• 23:16
  solar panels on all 31,000,000 acres, but if they put solar
• 23:19
  panels on 1/2 of a percent of that, guys, solar is not solar.
• 23:26
  Solar is silver. There's a reason why those words
• 23:29
  are so similar. We're changing them here.
• 23:31
  It's called silver panels. They're using, they're making so
• 23:36
  many of them in China. They're using them for garden
• 23:38
  fences. I mean, it's crazy.
• 23:40
  OK, But Super Apex brought up something about solar and then
• 23:45
  I'm going to beat the table because I feel so strongly about
• 23:47
  this. Let's get to this comment.
• 23:51
  I don't know if you realize this, but every home equipped
• 23:54
  with silver panels must also have a regulator and batteries.
• 24:00
  Elon Musk developed his own lithium batteries a couple of
• 24:03
  years ago for like home energy storage.
• 24:05
  But what if every home with solar panels had silver
• 24:11
  batteries like those new solid-state batteries being
• 24:14
  developed by Samsung? Huh.
• 24:17
  It's not just the automotive industry that could send the
• 24:22
  price of silver to the moon. So what he's talking about here?
• 24:25
  Guys, let me hold on here. Hopefully you guys can see me.
• 24:28
  Are we still alive? Are we still alive?
• 24:30
  Yeah. 500 people. 500 Not people.
• 24:33
  One person. You 500 basement dwellers
• 24:36
  together. What he's talking about.
• 24:38
  Thank you, Dan. Wow, Dan says I can't wait for
• 24:43
  the new solid-state batteries, right.
• 24:45
  Well, they are being OK. What?
• 24:47
  Thank you, Dan for the Super chat.
• 24:49
  Samsung is one of the world's biggest electronic companies.
• 24:53
  Samsung talked about these solid-state batteries.
• 24:56
  They're lighter. They're they charge way faster.
• 25:00
  They last much longer. The charges, you can go 600
• 25:03
  miles on them. It's a big, big, big, big, big
• 25:06
  deal. They also have about, they're
• 25:08
  saying a kilogram gram of silver in each battery.
• 25:12
  A kilogram that's 30 something oz.
• 25:15
  OK, guys. They're they're safer.
• 25:19
  They don't catch on fire as easily.
• 25:20
  They're solid-state batteries. What our friend in the comment
• 25:23
  was saying is what about if they use those batteries not only in
• 25:27
  cars, right, but in homes that have solar panels on them?
• 25:32
  I mean, every That's a great point.
• 25:33
  I hadn't even thought about that.
• 25:35
  I'm I'm going to beat the table on this.
• 25:37
  This is why. And I'm not a big, you know, I'm
• 25:40
  not, I don't get into the political fight.
• 25:42
  I don't know if you do about about weather change or whatever
• 25:45
  they call it, climate change, whatever.
• 25:47
  But doesn't solar make sense if you think about it, if you think
• 25:50
  about the way we make electricity right now, right?
• 25:53
  And I, and I and I, and I like nuclear, to be honest with you,
• 25:56
  but once the energy is made with coal, natural gas, whatever,
• 26:00
  right, then it has to be transmitted over all these
• 26:03
  wires, all this stuff, right? All this infrastructure just to
• 26:06
  get to your house, very expensive.
• 26:09
  And by the way, as it's transmitted, a lot of it gets
• 26:13
  lost, right? Because they don't transmit 100%
• 26:16
  of it. OK, Think about solar.
• 26:18
  If you have a solar panels on your roof, the energy is made
• 26:22
  right there. It's consumed right there.
• 26:24
  There's no massive, expensive, inefficient, and by the way, I
• 26:30
  think you could say a dangerous, dangerous infrastructure.
• 26:35
  The the, the, it's all right there.
• 26:38
  And then if we get these batteries like our friends
• 26:40
  talking about, it could all be stored right there.
• 26:43
  I mean, it's very exciting, OK? Very exciting.
• 26:46
  What we could see. And don't forget, they're not
• 26:49
  solar panels. They're silver panels.
• 26:51
  Let's see what I missed here. Hold on.
• 26:53
  I got to look at the notes. It's early in the morning, OK,
• 26:58
  And it can happen. I know.
• 26:59
  It seems bizarre, right? Are you?
• 27:01
  I mean, it's it's like the dollar failing.
• 27:03
  Seems like it could never happen, right?
• 27:06
  Well, these things happen, OK? And big changes like this do
• 27:09
  happen. Also.
• 27:10
  I remember my grandpa. Where is he at?
• 27:12
  I got grandpa down here somewhere.
• 27:14
  Here he is. This was my grandpa's clock.
• 27:17
  It still runs. He's been dead for like, I don't
• 27:20
  know, 15 years. It's got 1D Energizer battery in
• 27:24
  it. There's a good plug for
• 27:26
  Energizer. But he lived to be like 95 years
• 27:29
  old. My mom and he lived in this
• 27:31
  little brick house and he was a very successful man.
• 27:34
  But he stayed in his little brick house.
• 27:35
  Anyway, they they heated their house with coal.
• 27:39
  They had a coal chute on the side of the house.
• 27:42
  OK. And during the winter when they
• 27:44
  wanted to heat the house up, you'd have to get up in the
• 27:46
  middle of the night and go downstairs and shovel coal into
• 27:49
  the furnace in their basement. I mean, look, 20 years from now,
• 27:54
  30 years from now, we may look at all these wires we used to
• 27:58
  have running around. And you know, the, the future of
• 28:01
  energy on a residential basis is, is that the that the energy
• 28:05
  could be generated right there on spot and stored right on
• 28:09
  spot. All these wires, all, you know,
• 28:12
  the neighborhood I live in, we got a lot of trees.
• 28:14
  It's 50 years old. Every time it storms and tree
• 28:16
  falls and powers out whatever, they made it a little bit
• 28:19
  better. But that's the future, OK, And
• 28:23
  I'll give you another glimpse of the future, basement dwellers,
• 28:26
  and that's silver because everything silver touches gets
• 28:31
  better, period. OK, Period.
• 28:34
  The other part of the future is all these wires that are feeding
• 28:37
  this Internet. I do spectrum Internet now right
• 28:40
  through the cable system. But whether it's AT&T or fiber
• 28:43
  or whatever it is, all that's going to be gone too.
• 28:46
  It's unreliable. It's all gonna be wireless,
• 28:49
  right? We won't have any wires coming
• 28:51
  into our house. And then I went.
• 28:53
  And last thing is the off subject.
• 28:55
  OK, then we're gonna get back to silver and gold.
• 28:56
  We're gonna talk about why the Wall Street people are sounding
• 29:00
  the alarm on precious metals. Sorry, I got bad news.
• 29:05
  Scary bad news. OK, But the other thing I think
• 29:08
  we're really going to find crazy, at least here in Saint
• 29:11
  Louis. Do you have a natural gas pipe
• 29:12
  coming into your house? We do.
• 29:14
  I'm sitting next to a water heater, right?
• 29:17
  That could blow at any time, basically.
• 29:19
  You know what else do we run on? Gas or our furnace?
• 29:22
  I think that's it in our house. But still, there's like a gas
• 29:25
  pipeline coming into the house. Think about it.
• 29:28
  It's crazy. All right, let's let's have a
• 29:31
  drink of coffee. Let's talk about what the big
• 29:34
  Wall Street analysts are saying. I also want to say hi to Kenneth
• 29:38
  F and also Tommy Sevens, who I saw in the chat early this
• 29:42
  morning while I was getting ready.
• 29:44
  Thank you for being here. I want to say hi to you too.
• 29:46
  Right? Happy Sunday, guys.
• 29:48
  We got a lot more to talk about here and we're going to do it in
• 29:51
  just a few seconds. Have a sip of coffee with me.
• 30:04
  Let's see here. Thank you guys for the Super
• 30:06
  chats and see if I can get that to come up.
• 30:09
  All right, there's our banner. Oh my gosh, Oh my gosh.
• 30:13
  Quickly, quickly, let's go check the gold and silver price,
• 30:20
  strangely unchanged. It's Sunday.
• 30:25
  It's going to be interesting tonight when the markets open
• 30:27
  up. But one thing for sure, and I
• 30:29
  want to say thank you to channel sponsor Pembex.
• 30:31
  This channel is not possible without the support of Pembex Pi
• 30:36
  MB EX Fun to spell, fun to say, even funner to get yourself some
• 30:41
  silver, gold or platinum group metals at the most competitive
• 30:45
  prices around from a company you can trust.
• 30:48
  What else can you ask for right now?
• 30:50
  You need to find that out for yourself.
• 30:52
  Do your own due diligence. But what I like about Pembex is
• 30:54
  I know, and I check before I buy anything.
• 30:57
  I check. I always know that I'm getting
• 31:00
  really great prices and most importantly, that it's a company
• 31:05
  I can trust. I know the owners, the brothers,
• 31:07
  their Cpas. They're good men, good guys.
• 31:10
  They really have this mission to get the most precious metals as
• 31:15
  they can right into the hands of stackers, basement dwellers.
• 31:20
  You guys are giving me overwhelmingly positive response
• 31:24
  from your experience with Pembacs.
• 31:26
  I appreciate that. I appreciate when you give me
• 31:31
  feedback on what your experiences are because it makes
• 31:34
  me feel even better about having them as a sponsor.
• 31:38
  Here's my public service announcement of the morning.
• 31:41
  Guys, if you ever, ever decide that you want to convert partner
• 31:45
  all of an IRA into gold or silver, please take your time,
• 31:50
  OK? Take your time.
• 31:53
  There's a lot of different options out there, some of which
• 31:55
  have high paid celebrity endorsers.
• 31:58
  That would not be me. But just make sure that you take
• 32:03
  your time and at the end of the day, you figure up how many
• 32:06
  ounces of actual gold and silver each of these companies are
• 32:10
  going to provide you with for the money that you convert.
• 32:12
  I think you might be surprised. I would just ask you to please
• 32:16
  consider for your own benefit, adding pin backs into that mix
• 32:20
  as well. OK, thank you, pinbacks.
• 32:23
  Guys, let's go. Let's go Take a look at what
• 32:27
  Kitco is saying and what the big analysts are saying about gold
• 32:33
  and silver. We don't want that.
• 32:38
  OK, here's here's the big article of the weekend.
• 32:41
  Wall Street experts turn bearish on gold.
• 32:44
  That means they don't like gold. Main St. investors don't stop
• 32:48
  believing. OK, listen to what the listen to
• 32:52
  what the Wall Street analyst. Here we go.
• 32:54
  The latest Kitco News weekly gold survey OK, they do.
• 32:58
  A survey every week showed industry experts pessimistic
• 33:01
  about gold's near term prospects, while retail
• 33:05
  investors positive sentiment was virtually unchanged.
• 33:08
  So retail positive, the the big guys are negative down, Karen
• 33:14
  Newsome said senior market analyst from bar chart.
• 33:17
  I know I went sideways last week and December gold traded either
• 33:21
  side of unchanged this week. Looking ahead, with the Fed
• 33:25
  meeting another week down the road, December gold looks to be
• 33:29
  in position to move quietly lower next week.
• 33:33
  Feels like we're going to have kind of a, I, I don't know,
• 33:36
  either a little bit of a down week ahead of us for precious
• 33:39
  metals or an even week, hopefully not too big of a down.
• 33:44
  OK, that could happen. We could correct guys for gold
• 33:47
  back to 2300, silver 2650 for me is the line in the sand.
• 33:53
  We're going to talk about that in a second.
• 33:55
  Phil Streibel, who's been on the show great guy head of market
• 33:58
  strategy of blue line futures is bearish on the yellow metal is
• 34:03
  2550. That's in the the December
• 34:05
  futures market caps the rally in the near term.
• 34:08
  However, he added that a prolonged easing cycle of
• 34:11
  multiple consecutive 25 basis point cuts will ultimately Dr.
• 34:17
  gold prices higher once again. Hey, Phil Streibel puts out a
• 34:20
  video every morning, Blue line futures.
• 34:23
  It's like 6 minutes long with like the really insightful
• 34:27
  market information. You may want to check that out.
• 34:29
  Adrian Day says up. OK.
• 34:32
  He's the president of Adrian Day Asset Management.
• 34:35
  He says for now, however, the gold market will likely inch
• 34:38
  higher into the meeting. Mark Leibowitz, publisher, VR
• 34:43
  Metal Resource Letter thinks gold may be due for a pullback,
• 34:47
  even though he likes the yellow metal over the long term.
• 34:50
  And that's what we're hearing from all these guys, that the
• 34:54
  synopsis of it all is basically, hold on a second here.
• 35:00
  Hold on is basically, yes, we could be in for a little rough
• 35:07
  patch. So be prepared, Silver and gold,
• 35:09
  we could be in for some rough patches.
• 35:12
  It's going to happen, guys. Nothing goes straight up.
• 35:16
  No bull market, no good market is just a a straight up ride,
• 35:20
  unless of course you're talking about some of these tech stocks,
• 35:23
  but that's a bubble. That's a bubble, right?
• 35:26
  Anything that just goes straight up like that is a bubble.
• 35:31
  What you want is this right up and down, up and down, but an
• 35:35
  upward trend. So if we get a pullback, it's
• 35:38
  OK. It's all right, right.
• 35:40
  Even if we get down to 2350 and gold, if we get down to 2650,
• 35:45
  even if, even if, and I don't think this isn't going to
• 35:47
  happen, but because 2650 for silver is a real line in the
• 35:54
  sand right now. But even if we get down to 25
• 35:57
  for silver, we're OK. We are OK right now.
• 36:02
  If we get down below 252423, I'll be honest, I'm going to
• 36:07
  lose a little bit of my short term optimism about silver.
• 36:11
  But we're due to have some pullbacks, some consolidation.
• 36:15
  It's normal. It's healthy, right?
• 36:18
  A straight rocket ship right up, yeah, that's fun.
• 36:21
  But anything like a rocket that goes up eventually shoots right
• 36:25
  back down. What you want is up, up,
• 36:28
  consolidate, up, consolidate, up, consolidate up.
• 36:33
  Whoa, there we go. That's what we want.
• 36:39
  And that's really kind of what we've had with the precious
• 36:42
  metals here so far. So we get a bit of a pullback.
• 36:45
  I don't I don't like it. I don't like seeing red on the
• 36:47
  screen. You know, I love the green days,
• 36:49
  no doubt about it. But it won't be it won't signal
• 36:52
  the end of the world. Let's wrap up with the Kitco.
• 36:55
  Analysts were telling us. Hold on here.
• 37:00
  It said this week 14 analysts participated in the survey and
• 37:04
  the results showed a definitive shift in sentiment to the
• 37:08
  downside. Only four experts or 29% expect
• 37:13
  to see gold prices rise in the week ahead.
• 37:16
  They, they could be right. We could have a green week,
• 37:18
  right? I mean, I've come on here many
• 37:20
  times guys, and said, I think gold's going to be up next week.
• 37:23
  I mean, I'm, when I'm, I'm just being honest.
• 37:26
  I don't, what do you think? What do you tell me in the
• 37:28
  comments? Up or down or same?
• 37:31
  Hold on. I'm going to put my money where
• 37:33
  my mouth is. Hold on here.
• 37:36
  How do I get to the comments? Are you guys seeing me?
• 37:38
  Nope. Hold on.
• 37:40
  Here we are. All right, we're back.
• 37:42
  What do you think the gold price is going to be one week from
• 37:45
  now? I'm going to say same.
• 37:47
  Like within, let's say A Not Sam, not Sam's.
• 37:55
  I got this new computer. The keyboard stinks.
• 37:58
  OK. Same.
• 37:58
  Within $20.00 of where we are right now.
• 38:01
  Where do you think we are? OK, 2365, Wow.
• 38:06
  If it goes down 25, I'll spur, splurge and buy even more.
• 38:12
  Hold on, Somebody's calling me out here.
• 38:14
  How can you say that? Nothing is going up straight?
• 38:17
  OK, that's inappropriate. We'll take that off the screen.
• 38:21
  OK, Please, guys. No, no naughty words during the
• 38:24
  live stream. OK?
• 38:26
  All right. Now I'm a little shaken up after
• 38:28
  that one, all right. Only four experts agreed to
• 38:34
  expect to see the gold price rise during the week ahead,
• 38:37
  while seven analysts, fully 50% of the total believe gold will
• 38:41
  trade lower next week. In the three then and the
• 38:44
  remaining 3 experts or 21% more sideways.
• 38:49
  OK, I said same. They're calling it sideways.
• 38:52
  What do you think the situation is going to be next week?
• 38:57
  No more solar panels and windmills.
• 38:59
  Happy Annie. Hey guys, thank you to the
• 39:01
  moderators for being here. Annie Oakley's here.
• 39:04
  I don't know if I see Jake from Jake's custom parts, but Annie
• 39:08
  thank you thank you and big Jim the silvershire when you're able
• 39:11
  to contribute. Thank you thank you and of
• 39:13
  course silver Susie let's go to this last interesting article.
• 39:23
  This came from the daily Hodel. This is what undermines
• 39:26
  everything. This is the situation is
• 39:29
  critical in the United States because because we can talk
• 39:34
  about all these interest rate, of course we have the big Fed
• 39:37
  meeting coming up in a few weeks, blah, blah, whatever.
• 39:40
  All the economy, all everything. At the end of the day, as a
• 39:43
  silver and gold investor, do you know the critical underpin,
• 39:48
  right that will support and will make you very happy that you own
• 39:52
  precious metals? It's real easy, OK guys.
• 39:56
  And it's right here, right? The US national debt explodes.
• 40:01
  OK, by 6, almost $700 billion in three months, as Fitch, that's
• 40:06
  one of the world's biggest rating agencies, warns.
• 40:09
  America has failed to grow, failed to fix.
• 40:12
  It's growing that problem. OK, let's just look at a couple.
• 40:18
  Let's just see what Fitch had to say.
• 40:20
  Basically, this is all saying, oh, yeah, that that's out of
• 40:23
  control. We know that.
• 40:24
  Here's what Fitch said. The ratings are constrained by
• 40:27
  high fiscal deficits. We're spending more than we
• 40:29
  bring in a substantial interest burden.
• 40:33
  The amount of interest we're having to pay on the debt is
• 40:36
  going up and high government debt, all of which more than
• 40:42
  double the AA rating medians, meaning we aren't going to
• 40:46
  improve your ratings because you're like you're out of the
• 40:48
  out of the range already. The government has failed to
• 40:53
  meaningfully tackle large fiscal deficits, the growing debt
• 40:57
  burden and looming increases in spending associated with an
• 41:03
  aging population. That's from Fitch, the rating
• 41:06
  agency. OK.
• 41:08
  That's what they're saying about the financial situation in the
• 41:13
  United States. That's the reality of what's
• 41:17
  going on. Let's go take a look real
• 41:18
  quickly here and what they're talking about because we love to
• 41:23
  see this. Let's go out to the national
• 41:33
  debt Clock. There we go.
• 41:38
  There it is, guys. I mean, it is just exploding.
• 41:41
  This is the real problem. Let's just check.
• 41:45
  Look at this. It is unbelievable.
• 41:48
  It is unbelievable. The dollar to silver ratio is up
• 41:53
  again now at 478. How soon will it be that we
• 41:57
  break 500? That's the increase in the money
• 42:00
  supply, the increase in the number of dollars that are out
• 42:04
  there basically that are created being printed right here.
• 42:09
  Read, we can read it right up here.
• 42:14
  Wow, unbelievable. the US dollar to silver ratio, it's up here in
• 42:19
  the middle of the screen. The year over year increase in
• 42:22
  the USM 2 money supply divided by the yearly world production
• 42:26
  of silver. That means right now there's
• 42:28
  almost 5 and we're going to, this is going to be exciting.
• 42:31
  How soon do you guys think it'll be until we get to 500?
• 42:35
  Remember this was at 0 like 8 months ago and everybody was
• 42:38
  freaking out. Now for each one ounce of silver
• 42:43
  that's being produced, one ounce, right, there's almost 500
• 42:47
  new US dollars being produced, 500 to one.
• 42:52
  Unbelievable, unbelievable. OK guys, thank you for being
• 42:57
  here. We got to run out to some
• 42:58
  softball games, so wish us luck today, OK, it's a big deal.
• 43:02
  When you come here, please subscribe to the channel, give
• 43:05
  the video thumbs up. Please support our sponsors
• 43:07
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• 43:10
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• 43:14
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• 43:27
  growing. Jorge Ginoza, the CEO.
• 43:29
  You can learn more about both of those companies.
• 43:31
  I'll I'll put a link to their websites in the description of
• 43:34
  this video. I'm not giving financial advice,
• 43:37
  but they are both companies that I think very highly of and of
• 43:40
  course, our friends at Pinbeck's if you want to get your hands on
• 43:44
  some silver or gold. Have a great day guys.
• 43:47
  Thank you for being here. Thanks for being a basement
• 43:50
  dweller. I'll look.