Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 BAD NEWS! 🚨 Most SILVER STACKERS Don't Know This FACT... (& Gold, BRICS, USA DEBT)

Transcript

🚨 BAD NEWS! 🚨 Most SILVER STACKERS Don't Know This FACT... (& Gold, BRICS, USA DEBT) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  We have huge moves in the silver market and gold market today
• 0:04
  right now. But what does it mean that we're
• 0:08
  also in probably what is the most important massive week for
• 0:12
  precious metals? Some people are even saying in
• 0:16
  the history of the world. We're going to dig into three
• 0:20
  very interesting, very intriguing things that are going
• 0:25
  on in this video. And you're gonna see things by
• 0:29
  the end, maybe from a little bit different perspective.
• 0:32
  You may or may not agree with me.
• 0:34
  That's OK. That's what we're here for, to
• 0:36
  learn from each other. But it has been a crazy week so
• 0:42
  far, and it's only Wednesday at this point.
• 0:45
  The metals markets are moving quickly this morning.
• 0:49
  What is going on in the world? Let's touch on bricks right
• 0:52
  right off the bat. The BRICS summit has started.
• 0:54
  No, we've not heard about a gold back currency yet.
• 0:58
  We haven't heard about a shared currency yet.
• 1:01
  But what we have heard is from Russian President Vladimir
• 1:05
  Putin. Do you know what he said?
• 1:06
  He said de dollarization is irreversible.
• 1:11
  He told that to the people at the BRICS summit.
• 1:13
  What does DE dollarization mean for the price of silver, gold
• 1:19
  and the price of platinum as well?
• 1:20
  What do you think it means as we move into the next decade, guys,
• 1:25
  We can't expect this to happen overnight.
• 1:29
  But as we move into the next decade, how does it feel that
• 1:33
  we're going to have a tailwind? We're going to have wind in our
• 1:36
  sails as silver investors, gold investors, platinum investors,
• 1:40
  because the world is the dollarizing.
• 1:45
  Just to give you an idea of the size of what's going on with the
• 1:49
  BRICS countries, Putin said this.
• 1:51
  He noted that if measured by purchasing power parity, PPP
• 1:57
  BRICS have already surpassed the Group of seven leading
• 2:01
  industrialized nations. Yes, BRICS from purchasing power
• 2:05
  parity is bigger than the West, accounting for 31% of global
• 2:11
  economy compared to just 30% for the G7.
• 2:15
  So we have just when you count Brazil, Russia, India, China and
• 2:19
  South Africa, they are bigger than us, bigger than the G7.
• 2:25
  Honestly, I should have looked this up before I came on.
• 2:27
  I don't know specifically who's in the G7, but I imagine it's
• 2:31
  the United States. Canada, the United Kingdom, the
• 2:35
  seven largest W industrialized countries, says that over the
• 2:40
  past 10 years, mutual investments between the BRICS
• 2:43
  member states have increased by 6 times their total investments
• 2:48
  in the world economy have doubled, while cumulative
• 2:51
  exports account for 20% of the global total, Putin said.
• 2:56
  Putin also took a swipe at the United States in the West,
• 2:59
  illegitimate sanctions seriously wane on international economic
• 3:05
  situation and the unlawful freezing of of sovereign states
• 3:08
  assets in a message sure to be greeted positively amongst the
• 3:12
  many aspiring bricks applicants, he said.
• 3:16
  Quote, we are consistently increasing fuel, food and
• 3:20
  fertilizer supplies to the states of the global S, he
• 3:24
  added, while also blaming international food shortages on
• 3:28
  the West's unlawful sanctions. So guys, we're going to wrap it
• 3:32
  up here on bricks, but the bottom line is just when you
• 3:36
  consider the five BRICS nations, they're huge.
• 3:39
  When you consider everybody else who's wanting to join, they're
• 3:42
  huger. Some people say up to as much as
• 3:44
  70 or 80% of the world population, a dominant amount of
• 3:49
  the world economy. And the big key for silver and
• 3:52
  gold investors and platinum investors with this is, hey,
• 3:56
  thank you, Sharon. Wow, Thank you for the Super
• 3:59
  chat. Super appreciated, never
• 4:02
  expected, but I love it. Thank you so much.
• 4:06
  This massive force is moving away.
• 4:08
  What do you think that means? It's moving away from the US
• 4:12
  dollar. It's not going to happen
• 4:14
  overnight. Things could happen quickly.
• 4:16
  Another super wow. Sassy silver.
• 4:19
  Thank you, man. You guys are overwhelming me.
• 4:21
  Thank you so much, man. Yes, we got 26,000 subscribers
• 4:27
  through through you, not me. So thank you.
• 4:30
  OK. And I did the, the community is
• 4:33
  the most important part. The bricks are moving away from
• 4:37
  the dollar. OK.
• 4:38
  Did we beat that one hard enough in the long run, if nothing
• 4:43
  else, it can be nothing but positive for the price of
• 4:47
  silver, for the price of gold, because they have expanding
• 4:49
  middle class economies. They have expanding middle
• 4:52
  class, expanding economies. They have a huge different
• 4:56
  perspective on silver and gold. Imagine yourself right now in
• 5:00
  China or Russia or Brazil or India if you lived in one of
• 5:06
  those countries. Right now, everybody around you
• 5:10
  thinks that silver and gold are a great store of value.
• 5:14
  It's the exact opposite of what you have here in the United
• 5:17
  States. And again, those countries are
• 5:19
  growing enough set. OK, let's get to some of these
• 5:23
  Nuggets guys. I've got like 3 gold Nuggets for
• 5:26
  you. Things that I hadn't thought of.
• 5:28
  Yesterday was a very productive day for our minds and I want to
• 5:32
  share these with you and see if you agree with me on this.
• 5:36
  OK. The first one, OK.
• 5:40
  I was listening to a guy named Michael Gentilly speak.
• 5:43
  He was speaking. He was, he was speaking in an
• 5:46
  interview. Michael Gentilly is a brilliant
• 5:48
  guy. He doesn't have a ton of
• 5:51
  interviews out there, but I would highly encourage you to
• 5:54
  check one out because this guy is smart and he's a silver and
• 5:57
  gold guy and he runs a big investment firm, massive.
• 6:01
  He's just really smart talking with Peter Grandich and they
• 6:06
  were talking about the future of silver and gold and what he had
• 6:10
  to say something that like, I was like, wow, I never thought
• 6:14
  about this, but think about this.
• 6:16
  They were talking about the current what's the current
• 6:18
  condition of the United States fiscal situation here in the
• 6:22
  good old United States, you know Joe Biden.
• 6:25
  And remember what Joe says Bidenomics.
• 6:28
  It's working right. So it's we're doing so great.
• 6:32
  I mean the economy expanded the 2.4% oh don't don't mind that we
• 6:38
  have that we have a a $1.4 trillion deficit and that's
• 6:45
  maybe helped us get that massive 2.4% growth.
• 6:49
  Don't don't even. There's this other thing that we
• 6:51
  don't like to talk about We don't we we like to make believe
• 6:54
  it's not there. It's like 30-4 trillion
• 6:59
  elephants in the room. The national debt.
• 7:01
  Hey, thank you, Sean. Wow, man, you guys are blowing
• 7:05
  me away with the Super chats. Coin shop Chris is is yelling at
• 7:09
  me. I need to be yelled at.
• 7:13
  Ron McAdams, thank you for the Super chat.
• 7:15
  I'm glad. Thank you.
• 7:16
  Chris. Chris, Coin shop Chris is always
• 7:19
  helping so much. Guys, please type 4 to say thank
• 7:23
  you to coin shop. Chris and Neil and Mary and
• 7:26
  Annie. OK, these guys make this
• 7:29
  possible. Nonetheless, let's let's go back
• 7:32
  to what we're talking about. The gold and silver story is so
• 7:37
  strong just looking at that alone.
• 7:39
  OK, now there's a kicker and this is, this is going to make
• 7:43
  you smile when you hear this. We know that that's a problem.
• 7:47
  We know. The deficit's a problem.
• 7:48
  We know the interest expense going up is a massive problem,
• 7:53
  but Michael Gentilly brought up this brilliant point.
• 7:56
  He said we're not even in a recession yet.
• 8:00
  Like like these. This level of craziness with the
• 8:03
  with the fiscal policy, which is what I just talked about, bell
• 8:06
  time, that's 10 bells, one ring for each ten thumbs up.
• 8:14
  Yeah, we got 100 thumbs up. Think about this guys.
• 8:17
  I want you to think about this for a second.
• 8:19
  We are screwed up in this country.
• 8:22
  Financially Screwed up on a government level.
• 8:26
  Oh gosh, we we forgot to mention a corporate level, An individual
• 8:30
  level. Record card, credit card debt.
• 8:32
  Mortgage debt, student loan debt, card debt, you name it.
• 8:34
  Corporate debt through the roof. Government debt.
• 8:37
  We're in big trouble this level, especially with the government
• 8:41
  of debt. That's usually like what happens
• 8:43
  after, like it happened after World War 2, right?
• 8:46
  Which was a massive now we're in this situation and things are
• 8:50
  supposedly good. What happens when we hit a
• 8:54
  recession? What happens if we hit a
• 8:56
  depression? I mean, think about it.
• 9:00
  Under the best of bidenomic Bidenom tricks, economic growth
• 9:05
  and everything so great, we're in big trouble.
• 9:09
  What happens if our economy actually officially gets in big
• 9:13
  trouble? And are there any signs of that?
• 9:15
  Well, there's signs everywhere. Housing news this morning
• 9:18
  collapsing. Talk to the people that run
• 9:20
  Dick's Sporting Goods. Their stock was down 25%
• 9:23
  yesterday. They're having problems.
• 9:25
  Macy's is having problems. All the big high end retail.
• 9:29
  The only person like only people that are doing good right now or
• 9:32
  the dollar store and Walmart, what does that tell you?
• 9:35
  That tells you people don't have money.
• 9:38
  So the big kicker here as we think about our silver and our
• 9:42
  gold in the within this context of how screwed up everything is,
• 9:47
  but the economy isn't really supposedly screwed it what
• 9:51
  happens when the economy gets really screwed up?
• 9:54
  It's going to be crazy for the silver price and the gold price.
• 9:58
  So that was just like a very, for me, insightful way to look
• 10:03
  at things. Like, I hadn't thought about
• 10:05
  that, you know, I just hadn't crossed my mind just when I
• 10:08
  thought everything had crossed, you know, I got a few crossed
• 10:11
  connections up there, no doubt about it, But that hadn't
• 10:15
  crossed my mind that we're we're, we're in.
• 10:18
  I'm not going to use a bad word. We are in not good shape, right,
• 10:22
  Fiscally, but at the same time, we haven't even hit a rough
• 10:26
  patch. What happens when we hit the
• 10:29
  rough patch? And I'm telling you, I think
• 10:32
  we're hitting it right now. I could be wrong.
• 10:34
  Don't make any financial decisions based upon anything I
• 10:36
  say to you. But nonetheless, it's starting
• 10:39
  to feel that way. Let's talk about Silver.
• 10:43
  That was the thumbnail for this Philly Silver shortage.
• 10:47
  I ran into something again, something that I hadn't thought
• 10:51
  of. But we know the story for
• 10:53
  Silver, right? We love Silver.
• 10:54
  Most of you probably own some. Do you own some physical Silver?
• 10:59
  If you don't, if you don't own physical silver in the chat, say
• 11:04
  no. I'd just be curious if anybody
• 11:06
  out there does not own physical silver.
• 11:09
  Hello, Annie Oakley. Hello.
• 11:11
  We the people. Jake's custom parts.
• 11:13
  Papa Jerome. Yeah.
• 11:15
  Maybe I'll get him out-of-the-box here in a little
• 11:17
  bit for us. Jake, what do you say?
• 11:19
  Hello, Brian. War.
• 11:22
  War. Yeah, Susie doesn't like the
• 11:24
  way, doesn't like the red shirt and doesn't like the way I say
• 11:27
  war. Or anyway, let's talk about
• 11:30
  silver. We're not here to talk about my
• 11:32
  wardrobe or the way I pronounce things or anything like that.
• 11:37
  This is, this was eye opening for me regarding silver.
• 11:41
  Look, you know the whole story on silver.
• 11:44
  Don't tell anybody, right? Because you won't.
• 11:47
  You still want to be able to buy some physical silver, but you
• 11:49
  know the supply, right? The supply story.
• 11:53
  And you really know, I know you, you really know the demand story
• 11:57
  to you little snake in the grass.
• 11:59
  You know that solar panels use a lot of silver.
• 12:03
  You know the electrification story.
• 12:05
  You know people like it for jewelry and silverware.
• 12:08
  You know that the defense industry sucks in a huge amount
• 12:13
  of silver that we're not even really able to accurately
• 12:17
  calculate. You know all that, right?
• 12:19
  But this was new to me, and I've been.
• 12:23
  I've been in love with silver for decades.
• 12:25
  Is this new to you? Now?
• 12:27
  I got to find it, Darn it. Oh, oh, oh, here we go.
• 12:31
  I found it. This came from a company called
• 12:36
  Discovery Silver. OK, quite honestly, I've heard
• 12:40
  of, but I don't know much about. So this is not sponsored or
• 12:43
  anything like that. But this is interesting
• 12:45
  regarding silver, they talk about the top ten largest
• 12:50
  undeveloped silver deposits in the world.
• 12:53
  That means these have been drilled and identified.
• 12:56
  So they they were confident the silver is there, but they maybe
• 13:00
  haven't been permitted or built or anything like that.
• 13:04
  So it's it's an interesting it's interesting the top ten largest.
• 13:09
  And there's something in this data that's going to knock your
• 13:12
  socks off. So if you don't want your socks
• 13:15
  knocked off, hold on to them in about 30 seconds.
• 13:18
  Because you know I can't just get right to the point.
• 13:21
  It says ranked the largest undeveloped silver deposits in
• 13:26
  the world. Global silver demand is poised
• 13:28
  to soar. Oh, in the next decade driven by
• 13:31
  emerging technologies like electric vehicles and solar
• 13:35
  power. Silver demand from solar alone
• 13:38
  has grown from this is not the good part.
• 13:40
  Less than 50 million oz. A decade ago to over 160.
• 13:45
  I'm sorry. Yeah, 160 million ounces in
• 13:48
  2023. Remember, the mines only produce
• 13:52
  about 850 million oz per year and solar sucking in 160.
• 13:57
  That's still not the kicker. OK, so where will the necessary
• 14:03
  supply come from to meet this surge?
• 14:05
  A graphic from Discovery Silver shows the largest undeveloped
• 14:09
  silver deposits in the world. Then you know, you don't want me
• 14:13
  to read this because it's all about how it's part of solar
• 14:15
  cells and da, da, da, We're going to talk about that a
• 14:18
  little bit in a second too. Global silver demand is rising
• 14:22
  with increasing demand for new technologies combined with
• 14:25
  physical investment demand. That's you.
• 14:27
  You. I know you're buying up all the
• 14:29
  silver. One of you sent me some pictures
• 14:32
  this morning of some new Aztec silver bars.
• 14:34
  You know who I'm talking to, right?
• 14:36
  You're buying it up. 2023 silver industrial demand is forecasted
• 14:41
  to rise by 4%, but that's still not the kicker.
• 14:46
  However, according to the Silver Institute, mind output is
• 14:49
  expected to decline over the next five years.
• 14:54
  That's still not the kicker in this scenario.
• 14:59
  New Excuse me. In this scenario, new minds are
• 15:03
  expected to play an important role in meeting demand.
• 15:07
  Currently, the world's top ten undeveloped silver deposits
• 15:12
  contain 984,000,000 ounces of silver.
• 15:17
  Let me repeat that. The world's top ten undeveloped
• 15:21
  silver deposits contain 984,000,000 ounces of silver.
• 15:26
  That's the kicker. Do you know why?
• 15:29
  Think about this, the 10 biggest undeveloped, OK, Mexico, Peru,
• 15:35
  Russia, Australia, Peru, China, Chile, Bosnia, Herzegovina,
• 15:40
  Mexico and Russia, that's where they are combined less than 1
• 15:44
  billion ounces of silver. Let me let me put this in
• 15:48
  perspective for you. And those are the top 10 biggest
• 15:54
  undeveloped resources in the world.
• 15:57
  That's less silver than the world demands in one year,
• 16:03
  right. Last year we had this big
• 16:04
  silvered. What was it, 1.2 billion oz were
• 16:07
  demanded. What is that?
• 16:08
  Put it together. Look at the big picture.
• 16:11
  The top ten biggest undeveloped silver projects in the world
• 16:15
  combined have less than what the world demands in one year.
• 16:19
  Now we're we're pulling together what I think could be called
• 16:22
  anecdotal evidence, but not, maybe not.
• 16:24
  That's probably not the right word.
• 16:25
  But you know, what I'm saying is, that alone to me is
• 16:29
  fascinating. OK, that's a big deal.
• 16:32
  I would have thought it would have been like 25 billion oz or
• 16:36
  something like that. It bears repeating because the
• 16:40
  other thing that bugs Susie about me besides the red shirt
• 16:43
  and the way I say the word war, is that I'm a repeater.
• 16:46
  I'm round the repeater. But it bears repeating, guys,
• 16:49
  the top 10 silver deposits in the world, undeveloped, have
• 16:53
  less than what the world demands in one year.
• 16:56
  I don't know. Excuse me.
• 17:01
  Super chat. I missed the Super chat.
• 17:02
  I'm sorry, Hold on. I'm getting yelled at.
• 17:05
  Noonya, thank you, Noonya Business celebrate.
• 17:09
  Thank you. And while I got that going, I
• 17:11
  want to say thank you to my sponsor of this video pin Becks,
• 17:16
  the online bullion dealer right there.
• 17:18
  If you needed to learn how to spell it, pinbecks.com OK to me
• 17:23
  and I've worked with them before, they sponsored.
• 17:26
  They have the best quality prizes and reputation.
• 17:30
  And by the way, quickly, if you want to win this 10 ounce silver
• 17:35
  Britannia bar and it's a beauty, this very bar that I'm holding
• 17:39
  could be mailed to you or giving a or doing a giveaway on
• 17:43
  September 3rd during the 7:00 PM Sunday at live stream.
• 17:47
  There's a link to a video that you need to leave a comment on.
• 17:52
  The link to the video is in the description of this live stream
• 17:56
  of this video. You go to that video, you leave
• 17:59
  a comment that says thanks pin Becks and you're automatically
• 18:03
  entered only one entry per person.
• 18:05
  And it's only open to people in the United States and Canada
• 18:09
  because if I try to ship that overseas, the customs people
• 18:11
  will seize it. Now where was I?
• 18:14
  Thank you for the Super chats. We got a lot more guys.
• 18:17
  We got a lot, lot more to talk about.
• 18:20
  OK. All right.
• 18:22
  OK. All right.
• 18:24
  Oh, here, here, here, here. This is, this is, this is the.
• 18:27
  Let's circle back to what we were talking about with Mike.
• 18:29
  We got 500 people on here. That's a big deal, guys. 500 of
• 18:34
  us. Thank you.
• 18:35
  What we did briefly. Don't nobody leave.
• 18:37
  Please don't leave. I want you to stay here in the
• 18:40
  basement. You're welcome Here.
• 18:41
  You're a basement dweller. You love to talk.
• 18:43
  Do you love to talk about me asking a couple questions?
• 18:46
  Do you love to talk about silver and gold?
• 18:47
  Do you like to make new friends? Do you like to expand your
• 18:51
  brain? Well, if you do, you belong
• 18:54
  here. And you're welcome here.
• 18:55
  So thank you for being here. I won't put out a new piece of
• 18:58
  content every single day for the rest of my life.
• 19:01
  So you got a friend for life? OK.
• 19:03
  Hey, but I've saved the thumbs up begging for later.
• 19:07
  I really will. All right, This is fascinating.
• 19:11
  This goes back to what we were talking about with Michael
• 19:13
  Gentilly, and Peter Grand is from Gentilly said, Yeah, the
• 19:16
  USA is, I want to use the word screwed, but I guess I just did
• 19:20
  screwed. And we're supposedly in the
• 19:23
  middle of really good economic times, right?
• 19:27
  What happens when things go bad? We already covered that.
• 19:30
  But here's the quote. Here's what came into my mind.
• 19:33
  Everybody's everybody's so excited about a new gold back
• 19:37
  currency, a new reserve currency amongst the BRICS nations.
• 19:40
  My question for you is this, is this, could that actually could
• 19:45
  that actually I would be the devil's advocate, be bad for
• 19:48
  gold. Now if it was gold backed,
• 19:51
  excuse me, obviously that's good for gold.
• 19:53
  But if there's not a shared currency, and there's not, that
• 19:59
  only leaves the dollar. As the option, right.
• 20:04
  So if people start to compare OK, if the dollars they have one
• 20:08
  option or I have gold and silver and precious metals, that could
• 20:11
  actually, does that make sense to you that like instead of
• 20:15
  having the dollar and we'll call it the brick, the bricks
• 20:18
  currency or silver and gold. If there's no BRICS currency and
• 20:22
  all people have is their options are to leave their money in
• 20:25
  euros or yen or I almost said Deutsche marks, but they don't
• 20:28
  exist anymore. British pounds or or gold or
• 20:33
  silver. You know what?
• 20:35
  What does that make sense that maybe there's a silver lining to
• 20:39
  us not getting a bricks common currency.
• 20:43
  However, if it is backed by silver and gold, obviously
• 20:46
  that's good for the price of the precious metals.
• 20:48
  Just something to think about. You would like to think about
• 20:51
  things. We got 200 thumbs up.
• 20:52
  Yes. At 200 thumbs up, we ring Joe's
• 20:58
  bell. OK.
• 21:00
  All right. Let's move on.
• 21:05
  Let's move on because we got a lot, lot, lot more to talk
• 21:10
  about. There's an article from Kitco,
• 21:13
  let's cover that. Very interesting about gold.
• 21:17
  And when we talk about gold, we're talking about silver,
• 21:19
  we're talking about platinum. We're covering it all.
• 21:22
  But. But let me tell you what our
• 21:25
  friend Neil's over at Kitco had to say.
• 21:29
  This is from just just yesterday.
• 21:31
  Gold prices holding critical support as US bond yields remain
• 21:36
  near 15 year highs. Oh guys, do you understand what
• 21:43
  it means that this 10 year bond yield, I haven't looked at it
• 21:47
  today, but it was like 4.264 point.
• 21:50
  It is wreaking havoc in the economy.
• 21:53
  It is wreaking havoc in the banking sector.
• 21:56
  OK, it's it's gonna cause things are so delicate right now.
• 22:01
  Things are so precious. Precious.
• 22:03
  Not precious. Delicate.
• 22:05
  Sensitive. I'm sensitive.
• 22:09
  That's why I'm gonna tell you something right now.
• 22:11
  I am a very sensitive person. Susie will tell you that that
• 22:14
  that when you give me that thumbs up that you're gonna
• 22:17
  press right now. That makes me feel good.
• 22:19
  That's how sensitive I am when I see those thumbs up, going up,
• 22:23
  up, up, up, you know, and more people join us on the live
• 22:26
  stream, That's a big deal. So please, it's free, if you
• 22:29
  don't mind a thumbs up. But Neil's points out this is
• 22:33
  interesting. It goes back to what we've
• 22:35
  talked about this so many times, right, Silver and gold.
• 22:40
  And thank you for the Super chat, Sharon.
• 22:42
  Wow, man, I am the lucky guy today.
• 22:45
  I tell you what, it goes back to what we've talked about so many
• 22:49
  times. When it comes Nuna, hold on.
• 22:52
  I'm catching up. I'm sorry, guys.
• 22:54
  Sean, Sean, Sean. Shadow work.
• 22:57
  Thank you for the Super chat. Shadow work.
• 23:01
  My computer's screwed up. That's what I get for having a
• 23:03
  12 year old computer. Anyway, Gold and silver and
• 23:08
  platinum have been fighting. All right then.
• 23:11
  They've done well. Overall.
• 23:14
  I know it could be better. We want it to be better, but we
• 23:16
  got a Do you feel like given, it'd be like if you went out for
• 23:21
  a run, I don't like the exercise.
• 23:23
  OKI just don't. But let's say you and I, let's
• 23:26
  say you and I are going to start jogging and we go for a jog and
• 23:30
  we go out and we start running and the wind is blowing a little
• 23:34
  bit and then the wind picks up. And we are.
• 23:37
  Thank you, Henny. Thank you for the Super chat, my
• 23:39
  friend. We're running into the wind.
• 23:42
  Have you ever tried to run into the wind when the wind's blowing
• 23:45
  and gusting off and on? That's what silver and gold and
• 23:49
  platinum have been doing for the last two, 2 1/2 years, guys.
• 23:53
  And that's what Niels is saying right here.
• 23:55
  It says, despite recent selling pressure analyst, I'm going to
• 23:59
  say that properly. You know, there's another way I
• 24:01
  like to say it. But analyst note that gold
• 24:06
  market is holding up remarkably well given that bond yields have
• 24:10
  risen to fresh 15 year highs 1515 years.
• 24:15
  OK. Overnight the yield on the 10
• 24:18
  year bonds pushed above 4.36%. The banks, the three three of
• 24:24
  the four biggest banks in the history of the United States
• 24:27
  collapsed when the rate got above 4.15.
• 24:31
  You're going to tell me. Thank you, Vincent.
• 24:33
  Wow, thank you, man. You guys are blowing me away.
• 24:37
  Oh, thank you for the Super chat.
• 24:40
  You're going to tell me that now at 4.3, four, .25%, there's not
• 24:45
  big stress in the banking system.
• 24:46
  And don't forget, when you go to your local bank, they are going
• 24:50
  to have a placard all right in the lobby saying we just wanted
• 24:53
  to alert you that the value of all of our crappy investments we
• 24:57
  made over the last two years have dropped by 35%.
• 25:02
  But that's OK because Joe Biden says it's working, right.
• 25:06
  So gold, silver have done well in this environment.
• 25:09
  Thank you again, Vincent. Very generous analysts note that
• 25:14
  the rise in bond yields is negative for gold as it
• 25:18
  increases the precious metals opportunity cost.
• 25:21
  Thank you, Darcy. As a non yielding asset, right,
• 25:25
  so higher interest rates are bad for gold, but gold and silver
• 25:29
  and platinum are hanging in there like Rocky Balboa, you
• 25:33
  know. All right, despite the bond
• 25:37
  yields, gold prices have managed to hold critical support.
• 25:39
  Thank you JT coins. Some analysts, they're using
• 25:44
  that word a lot today, and I'm. I'm exerting discipline and
• 25:47
  saying it correctly. Some analysts have said that
• 25:51
  gold could benefit significantly if those rising bond yields
• 25:55
  indicate this is the interesting part.
• 25:57
  Listen up, OK? Time to pay attention.
• 26:01
  Some analysts have said that gold could benefit significantly
• 26:05
  if those rising bond yields indicate a crisis of confidence
• 26:11
  in U.S. debt. Are the rates rising because
• 26:16
  people are saying, oh, maybe Fitch was right about down
• 26:20
  grading, maybe S&P was right ten years ago even though they got
• 26:24
  punished for it for down grading.
• 26:27
  OK, what do people do when they get nervous about bonds?
• 26:32
  Whoa, they might go to some other safe asset.
• 26:35
  What's another asset? I can't think of something
• 26:37
  besides bonds. That might be a Safeway to to
• 26:41
  preserve your wealth and protect your buying power.
• 26:45
  HM Oh yeah, that's right. Silver in gold and platinum.
• 26:49
  Maybe that's what we're going to see is more and more people
• 26:53
  coming to our little boat that we're on.
• 26:55
  And it's a little boat we're on the silver, gold and platinum,
• 26:58
  the precious metal investor boat.
• 27:00
  It's a little boat. We got a few open seats, but
• 27:03
  there's not a lot of open seats. And when all those people want
• 27:07
  to get onto our boat, we're going to have to motor away at
• 27:10
  some point, unfortunately. And that'll be that will be the
• 27:22
  beginning of rocket fuel afterburner, high prices for
• 27:26
  silver and gold. OK, All right here.
• 27:28
  However, many analysts I have noted that the weakness in US
• 27:33
  bonds appears orderly and a natural reaction is the Federal
• 27:36
  Reserve is expected to maintain its aggressive interest rate
• 27:39
  hikes. Well, we're going to find out on
• 27:44
  on on Friday when we hear from our old friend Jerome Powell and
• 27:47
  I got, I got a feeling we're going to have some fireworks on
• 27:50
  Friday. Be ready guys.
• 27:52
  Friday is going to be a big day for precious metals.
• 27:56
  I'm leaning towards a good big day.
• 27:58
  But it could be it, man, we've you've been through this before,
• 28:02
  right? We can make it through anything.
• 28:04
  Absolutely. Here's a quote.
• 28:07
  Physical interest in gold has kicked up considerably across
• 28:11
  various hubs at a time that fast money is running rather short.
• 28:16
  This is Nikki Shields from MKS PAMP.
• 28:21
  Liquidity, or lack thereof, is compounding general August moves
• 28:25
  more so than in the past. It's tough to convincingly read
• 28:30
  into the short term reactions in a month where volumes are light
• 28:33
  for any reliable signal. So we got to remember on top of
• 28:37
  that, not only have we been fighting Silver and gold, you've
• 28:41
  been fighting right? If you own Silver, gold or
• 28:44
  platinum, you've been in a fight for the last two years.
• 28:46
  But double Wham O fight the last six weeks?
• 28:50
  We know what it's been feeling like, but guess what guys?
• 28:53
  It's called the summer doldrums. It happens almost every year and
• 28:57
  it results in lower precious metals prizes and then the fall
• 29:02
  things will pick up. It's going to get super
• 29:05
  interesting. OK, that's all I can say I did
• 29:11
  get. I need to talk about silver
• 29:13
  demand in solar. Let's get back to silver.
• 29:15
  We're jumping around a little bit, but that's OK.
• 29:18
  You've got a fast brain. You can stay with me.
• 29:21
  Somebody. Wayne sent me a a little excerpt
• 29:24
  of an article about how the demand for silver in solar could
• 29:29
  actually be going down. And I've heard that argument put
• 29:33
  like the new tech. But the article I went back and
• 29:37
  looked at it was from either it was three years ago or 2018.
• 29:41
  I know one of those two and and let me know what you think or
• 29:46
  send me an e-mail. But everything that I've also
• 29:50
  seen recently talks about this next generation of solar panels
• 29:54
  actually using more silver. But it's an important thing for
• 29:58
  us to stay on top of because that's one of the big arguments
• 30:02
  that we make for silver and for silver demand going forward.
• 30:08
  You know let's let's there is so much crud going on out there
• 30:14
  right now, OK, things are slowing down.
• 30:20
  We know when this economy and it's starting to be recognized
• 30:24
  and I talked about this in an earlier live stream this
• 30:26
  morning. But since I am Ron, the
• 30:28
  repeater, I'm going to repeat this critical, critical, super
• 30:33
  positive for silver and gold investors.
• 30:36
  You know, we're kind of caught in the middle because like some
• 30:38
  of the things that are good for silver and gold aren't so good
• 30:43
  for the general economy and a lot of our fellow Americans.
• 30:46
  But we didn't create these problems.
• 30:48
  You didn't create these problems.
• 30:49
  You didn't create the national debt.
• 30:51
  You didn't create ID Nomics, because if you did, then you'd
• 30:54
  be able to say it's working, right?
• 30:57
  But nonetheless, we got our head out of the sand.
• 31:00
  We want to look at what's going on and when things are
• 31:03
  recognized, that's the big deal. When the market starts to
• 31:08
  recognize the sheep, right, the group, the You're not a sheep.
• 31:12
  You're not. I'm sorry.
• 31:13
  I mean, if you are a sheep, maybe we're black sheep.
• 31:16
  Who cares, right? We are away from the herd.
• 31:19
  When the herd starts to wake up, that's when things are going to
• 31:23
  get very interesting for the precious metals.
• 31:27
  And is the herd starting to wake up?
• 31:29
  Because I did a live stream about this this morning.
• 31:32
  The news from everywhere, whether you're talking about
• 31:35
  Dick's Sporting Goods, their stock was down 25% yesterday.
• 31:39
  Macy's stock was down 15% yesterday, both those companies
• 31:44
  indicating concern about the economy.
• 31:47
  OK, who else? Let me just read through
• 31:50
  Footlocker was this morning. They crashed.
• 31:53
  Peloton crashed. Tesla is, is, is is is
• 31:57
  indicating decreasing their output.
• 32:00
  I mean Yellow Trucking went bankrupt.
• 32:03
  I mean where does where do we stop Home Depot and Lowe's
• 32:06
  during their last, I mean everybody's talking about oh
• 32:11
  what's the word they they always want to paint it.
• 32:14
  This is the other thing, this is a nugget for you got to remember
• 32:17
  as well these CEO's when they make these announcements, when
• 32:21
  they make any announcement, they are always going to paint the
• 32:24
  rosiest picture possible. So if the road think about that,
• 32:29
  take a second if the rosiest picture possible from Dick's
• 32:34
  Sporting Goods and Macy's and Home Depot and Tesla and Peloton
• 32:39
  and the list goes on and on and on and on and on.
• 32:44
  If the rosiest picture they can throw out there is well, things
• 32:48
  aren't looking so good. You know the consumers kind of
• 32:50
  weak. Everybody's no longer coming to
• 32:55
  Dick's Sporting Goods to get their kids softball glove.
• 32:58
  Now they're going to Walmart, right?
• 33:00
  They'll step down a notch. And the people that went to
• 33:02
  Walmart, well, now they go to the dollar store.
• 33:05
  Things are getting difficult out there.
• 33:10
  And and and and in the end, Schwab, Charles Schwab's laying
• 33:14
  people off. I mean, it's everywhere we look
• 33:17
  when things are. But it's recognized.
• 33:19
  Right. Right.
• 33:21
  What's that? Oh, yeah.
• 33:23
  We broke a record. This is the most people ever on
• 33:25
  a live stream. Thank you, guys.
• 33:27
  Man, I owe it all. There's only one important
• 33:31
  person on this live stream, and it's you.
• 33:33
  So thank you for being here. This is awesome.
• 33:35
  OK, now Susie yelled at me from upstairs.
• 33:39
  You guys can be mad at Susie because I lost my train of
• 33:42
  thought. I when Susie talks, I perk up.
• 33:47
  You know when I ring that bell. Oh, we got 300 thumbs up.
• 33:51
  What should I do for 300 thumbs up?
• 33:53
  You know, I used to ring this with my nose, but I don't do
• 33:57
  that anymore. I need to think of something
• 33:59
  new. But maybe just want maybe today
• 34:01
  will be the Today is the absolute last day OK300 thumbs
• 34:06
  up. Thank you. 123 Just make believe
• 34:10
  you didn't see that. OK.
• 34:11
  Now, as we look at what is transpiring in the United States
• 34:19
  and then we look at the world economy and then we look at the
• 34:22
  massive changes going on in the world.
• 34:25
  Do you feel good? Let me ask you a question.
• 34:27
  Let's go to the. Let's go.
• 34:28
  Oh, my gosh. Far Band.
• 34:29
  Hey, man, where's my chair? I don't understand that.
• 34:33
  Send me an e-mail. Tell me what you mean by that
• 34:36
  Far band. Thank you for the Super chat.
• 34:39
  All right. I want to ask you a question.
• 34:45
  Did I miss anybody? I don't think so.
• 34:47
  Thank you. Far Band raccoons.
• 34:50
  Thank you. Neil, from Neil Hans Dynasty.
• 34:53
  Annie Oakley. Coin Shop.
• 34:54
  Chris and any other Sharon of course is always here, sassy
• 34:58
  silver big supporters. I really appreciate that guys.
• 35:02
  But I have a question, I have a question for you.
• 35:04
  When you look at the condition domestically of the United
• 35:08
  States, when you then consider what's going on in the world
• 35:12
  economy and and and there's another thing you need to
• 35:16
  consider not just the world economy, the war is my wife
• 35:21
  likes to pronounce it going on in the world.
• 35:24
  The conflict, the bricks, the bifurcation.
• 35:28
  That's the B word bifurcation. OK.
• 35:31
  When you think about Gbc's, remember we're basement
• 35:36
  dwellers, we have our own acronym, GBC, gold back
• 35:41
  currency. They got CBDC, they've got a
• 35:44
  BCEFG. We have GBC, right.
• 35:49
  When you think about just what is happening in the world, that
• 35:52
  I don't know about you, but but like for me, when I think about
• 35:57
  value and wealth and money, OK, either cash or bank account and
• 36:04
  I think about what I've converted into silver, which for
• 36:08
  me is silver. I feel good about it.
• 36:10
  I feel good, warm and fuzzy, right?
• 36:13
  Sure. I have a bank account, right?
• 36:15
  I have a brokerage account. I own a bunch of gold mining
• 36:17
  stocks and all that. But nonetheless, do you feel
• 36:21
  good? Yes or no?
• 36:22
  And that, you know, Richard Cooper said it to me a few days
• 36:25
  ago or he said he can feel it in his bones.
• 36:28
  And I said, you know, I know exactly what you're saying.
• 36:30
  It's like I never regret any of the times that I converted paper
• 36:36
  this stuff, right. What is this?
• 36:38
  What do we call this? Somebody helped me.
• 36:41
  Do you know right? Paper into real money into
• 36:45
  silver. It blows my mind.
• 36:47
  When I was talking to Leonard Zhang.
• 36:49
  I'm like if it like if we were talking about it blows our mind
• 36:54
  that you can actually take paper and turn it into this.
• 36:59
  Here, this is a three out silver heart that I got for Susie for
• 37:04
  Valentine's Day. She talks about it every day
• 37:07
  too, let me tell you. Yeah, that you can convert your
• 37:10
  paper into real metal. You can also, you know, you can
• 37:13
  convert it into this A1 oz Britannia sent to me from my
• 37:22
  friend in Georgia. I mean, look at that.
• 37:24
  This is real. Does it blow your mind?
• 37:26
  Yes or no? OK, hold on.
• 37:28
  I'm going to go to the comments and see what you guys are
• 37:30
  saying. Or am I crazy?
• 37:33
  Am I crazy? Yes, yes, yes.
• 37:35
  LOL. Oh, man, The hits keep coming.
• 37:41
  The hits keep keep coming. All right, guys, Thank you for
• 37:46
  being here. It's been awesome.
• 37:47
  Which been record-breaking. You're always welcome in the
• 37:51
  basement. I'm the lucky one.
• 37:53
  OK. Thank you for being here.
• 37:54
  Take care of yourself. And I'm going to see you soon.
• 38:01
  I'm done.