Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Massive SILVER UPDATE! 🦍🦍You BEST Hear This NOW! (Bond Market Crisis, India and Gold Price)

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Massive SILVER UPDATE! 🦍🦍You BEST Hear This NOW! (Bond Market Crisis, India and Gold Price) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  We have some incredible massive stories that are going to have a
• 0:04
  big impact on the future price of silver and gold.
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  We're going to talk about them all.
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  Some of this information may be a bit startling.
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  We're going through what could be one of the biggest crisis and
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  we're just starting in one of the biggest markets in the
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  world, and it will have a major impact on our silver and gold.
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  Before we get to that, let's start with India though, because
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  we have some interesting developments coming out of
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  India. And remember, India is massive
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  when it comes to gold and silver.
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  So this is breaking news in the precious metal sector.
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  This came from macro liquidity by I believe he's from India.
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  Sunil Reddy said India just restricted silver bar imports.
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  Silver bars under code blah blah blah, including 99.9% pure
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  silver bars had moved from free to restrictive.
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  The difference is huge. A duty hike only makes imports
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  more costly. A restriction makes imports
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  permission based. Why is this a big deal?
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  Because we also had news like he referred to that India increase
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  the import duties on silver and gold to 15%.
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  OK, their Prime Minister last week, Mr. Modi went out and
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  publicly told people not to buy gold and silver.
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  Now think about this, right? What happens, what and when we
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  got more data about India. But what happens when you tell
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  people not to do something? In the United States, there was
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  a thing called prohibition. I don't know, back in the 1920s
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  what happened. People drank more than ever.
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  OK, so why? And then the other question we
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  need to ask is, why is India doing this?
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  Because we're going to look at some data next that tells us
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  India is the king of gold in particular.
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  But will So then why would the country of India be saying this?
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  No, Restricting imports, putting huge taxes on imports,
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  effectively telling people not to do it?
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  Well, that's because, right? They're trying to protect their
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  Fiat currency. Indian people are smart.
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  And trust me, they're going to find a way to get gold and
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  silver. They smuggle it in.
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  That's what happened the other times when they restricted the
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  amount of silver they could. They would like, put it in their
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  wigs. They would stick it in some
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  undesirable places. And their body, they would go to
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  no any length, I'm sorry, to get gold and silver into the
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  country. Remember, silver and gold are
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  worldwide markets, thousands of years.
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  OK, there's a lot of weirdness going on right now.
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  Let's go look at this about India.
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  Then we're going to move on. One more interesting point about
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  our friends in India, where we see that when combining central
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  bank reserves and private citizen Holden Holdings, India
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  is the undisputed world leader in gold.
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  Households have about 27,000 metric tons and then when you
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  add in the Reserve Bank of India, that's like 28,000 all
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  together. Don't forget, right, the United
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  States in total, in total, right?
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  Because citizens own a minimal amount in grand total between
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  our government and our citizens, they estimate we have 8100.
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  OK. Now don't forget also that India
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  recently when it comes to silver change their banking laws
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  essentially monetizing silver on April 1st, allowing people to
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  use silver as collateral to get, yeah, their Fiat rupees or
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  whatever they call them over there.
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  They also abandoned the LBMA pricing for their own internal
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  precious metals markets. They said we're done with the
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  LBMA, right? They're done with make believe
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  fantasy island pricing for silver and gold.
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  Also, they allowed they put out they'd some change some big laws
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  that allow the big find some big financial products in India to
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  actually invest in physical gold and silver.
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  And again, to wrap it all up, they are the world's biggest.
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  They are the undisputed king of gold in particular.
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  I don't think they're the king of silver, but nonetheless,
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  right, gold is the granddaddy of all precious metals.
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  This is wild, guys. This tells us that there's a lot
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  of weirdness going on in the world of central banking, paper
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  money. All that, right, only makes us
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  feel a little bit better, a little bit more secure, despite
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  the recent trauma that we've had in the gold and silver markets
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  about the fact that if you're like me, you've decided to
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  protect some of your wealth with, with gold and silver and
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  maybe some precious metal mining stocks.
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  What about China, right? So we know what's going there.
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  India, they're going to get their gold and silver.
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  What about China, right with all this craziness, right?
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  Trump went and went and had the big summit in China.
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  And then interestingly enough, the gold and silver price
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  immediately went down. Do you think Chinese people
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  let's go on a little field trip together.
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  You can see if Chinese people are still active in the gold and
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  silver markets. This is from our friend David
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  Lee, the man on the street highly respected within the gold
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  and silver community. And I want to get this on full
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  screen for you, see if we can get that.
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  So I'll just send that and say I'll tell you where this is in
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  one second. Look at all those people.
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  OK, so that is the Shenzhen Shubai, I believe it is make it
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  that, right. Shenzhen Shubai gold market,
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  which we know because we researched this, is like the
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  biggest public gold and silver market in all of China.
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  So India, they aren't going anywhere when it comes to demand
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  for gold and silver. China, they're not going
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  anywhere. But what about in the West?
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  This is interesting because we talked about this many times.
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  The Western investor has essentially been gone from the
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  silver market in particular. But there's something very
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  interesting that's happened the last few days and we're going to
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  look at that right now and talk about why this could be, right,
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  a very, very good thing for the silver market and the silver
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  price as we go forward. Here we go.
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  This is a chart showing US ETF flows into SLV and total total
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  ETF holdings. I apologize up there.
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  As you can see way over here on the left, that's the 15th of
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  May, which was Friday. The green right Western
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  investors have been net adding to the their ETF holdings.
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  Why that's a big deal because they've essentially been gone.
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  We've yet to really experience the real way we got a taste of
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  it back in January of this year. But guys, we've yet to really
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  get like a taste of like a wave of people coming into.
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  Now the other good thing about that is they've people have
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  stopped selling, OK. And the reason why is, and we've
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  talked about this like, and Rick Roll said it, I'll never forget.
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  I think it's one of the coolest, smartest things that I've heard
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  him say, he said. We don't need a silver investors
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  to love our Western investors. We love silver.
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  We don't need the general Western investors to love
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  silver. We just need them to hate it a
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  little bit less. And there's some indication that
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  that might be happening. The reason why that's huge is
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  because of just a tiny bit, an itsy bitsy bit of Western money
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  comes into the silver investing sector because it is so small.
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  We're like an elite. We're like the, you know, the
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  Navy Seals, right? Are the Green Beret in the Army?
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  We are like the elite core of investors in the United States.
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  But we're small, right? And because we're so small, it
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  just takes, we're one or two percent.
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  It just takes another one or 2% to double the number of people
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  in the sector. And on top of that, the cherry
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  on top is it when those new people come in, that's all brand
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  new money. That's all fresh dollars being
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  converted from paper into physical.
• 8:31
  If you want to get your hands on some physical right now, look
• 8:34
  right there, right where my finger is first meant they are
• 8:37
  #1 they only make silver bullion products.
• 8:42
  They're a silver exclusive mint, right?
• 8:45
  That's their specialty. They're owned by First Majestic,
• 8:49
  who mines the silver in Mexico, ships to the Las Vegas, NV, to
• 8:53
  the First Mint facility, and then it goes directly to you.
• 8:57
  Let's go out and take a look at their website so you know where
• 9:00
  to go to check them out. OK, You can be like everybody
• 9:03
  else in the basement who's checked them out and really been
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  happy with the products, service, prices, everything from
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  First Mint. Here we are at First mint.com.
• 9:13
  That's their Las Vegas round. You're the horse round.
• 9:16
  Hail to the Chief Buffalo round, you're the Dragon round.
• 9:21
  Then there's their Liberty Bar where they currently have a
• 9:23
  $2.00 off special right now. Go check them out at First
• 9:27
  mint.com and, and let me know, right?
• 9:30
  Give us some feedback because we love to hear the positive
• 9:34
  feedback from all of you about your experience with First Mint.
• 9:38
  OK, Oh, OK, we talked about silver.
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  Let's just look at gold and investor allocation into gold.
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  OK, here we go. This is a chart from Incrementum
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  price is shifting investor allocation and as you can see
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  yet historically speaking people are under allocated to gold.
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  So on this chart, what we're looking at is that right now,
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  OK, this is gold allocation by private investors as a share of
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  global equities and bonds going all the way back to 1971, as you
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  can see, right at its peak. Got up to what about 8%, guys?
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  We're still at only 2%. But what's important to remember
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  about that is a lot of that increase right up to 2% because
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  we were down, I don't know, like below 1 at a couple points.
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  So this little increase that we've had, most of that is due
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  to people that already held gold that but but because the price
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  went up, so it made the percentage of total of the total
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  go up again, just like silver. We've yet to really feel the
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  wave of new people and when they wake up and it's going to happen
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  because that inflation is coming and it's coming like nothing.
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  Now let's go take a look at the silver chart.
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  Rashad pointed out something very interesting.
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  Yep, we had our silver breakout, but now silver has retraced all
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  the way back to the apex of the triangle after the infamous
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  breakout. Now, what's key here, right?
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  And we're going to talk about our our community price down
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  here, right? As you can see, we broke out and
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  came right back. I'm going to remove that so you
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  can see it more clearly. Right back to the apex of this
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  wedge pattern. So what happens this week is
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  going to be very, very important from a technical perspective, a
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  psychological perspective and everything else for silver.
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  We have said over and over that $72.50 is kind of the the line
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  in the sand right now, the red line in our opinion, in my
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  opinion, for silver. That's after looking at all the
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  technical analysis, looking, considering the fundamentals,
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  considering what the price action has been over the last 18
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  months. Guys, these next few weeks will
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  be critical. The question is, will we be OK
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  if silver breaks below $72.50? Well, I've got some good news
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  for you. Yes, we will be OK.
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  The next key level will be around $66 per oz.
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  I'm not saying that I think it's going to get there.
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  I think that based on what's happened lately, the odds are a
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  little bit more likely than what we would have talked about just
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  a week ago. Last week was nuts.
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  There is craziness going on out there right now and it all
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  happened and it's everything is happening so much more quickly.
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  So if we do breakdown, OK, If we do and we get down to 66,
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  remember things are happening incredibly faster right now.
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  We could see a recovery. We could see with what's
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  happening in the bond market, money printing, and we're going
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  to get to that here in a second. So quick.
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  Just be ready, be emotionally prepared.
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  We could shoot up again. We, we volatility goes both
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  ways. Be emotionally prepared for
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  anything that they're sending at us because at the end of the
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  day, hold on one second. At the end of the day, we're
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  going to remember this, OK? Right now in the world, the
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  silver market is based on paper claims in the West, and that's
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  changing. Some estimates put the broader
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  paper to physical silver ratio around 356 to 1 when including
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  futures, OTC swaps, forwards and unallocated exposure.
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  Even if the exact number is debated, the message is clear,
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  right? There's a lot more paper make
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  believe silver out there than there is actual physical silver.
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  And now right to what's going on, warning, right, suddenly all
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  heck is broken loose in the world.
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  We know what happened Thursday and Friday and silver and gold
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  markets and on Friday suddenly feels like out of nowhere,
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  although we know it's not out of nowhere.
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  But now everybody's paying attention to the fact that we've
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  got a bond market crisis. OK, Kitco puts this out.
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  Rising real yields crush precious metals momentum because
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  the bond market is in a state of utter turmoil suddenly, right,
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  yields are going up. So everybody's saying, oh,
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  that's bad for gold, that's bad for silver.
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  No, no, no. Because while the think about
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  this is key to remember, while the excuse me, while the, while
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  the bond market, we get data in real time.
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  The other key thing to remember is inflation, right?
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  And we don't get except for our own experiences at the gas pump
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  in the grocery store and when we get, have you gotten your
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  homeowners insurance bill yet? Your homeowners insurance bill,
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  right? We, we kind of get that on a day
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  by day, but the markets don't get all the markets see is the
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  bond market getting reported right on a minute by minute
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  basis. The bond market's the biggest
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  market in the world, right? Prices are crashing.
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  All this drama going on now, but what's key take a step back for
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  gold and silver investors is the other side of that equation,
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  which is inflation. And we don't get that data.
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  There's not like a like a like a minute by minute inflation
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  tracker. And even if there were, we know
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  there probably wouldn't be accurate anyway because the
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  government data that they put out is a suspect at best.
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  So as we navigate now what's going on, all this big drama and
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  it's weird, right? Like everything was hunky Dory
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  up until Friday. I'm telling you, things are
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  happening much more quickly now. But as we as we follow this
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  crisis that's going on, don't forget there is another critical
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  side to the equation and that is inflation.
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  And in the end, that's what's going to drive the boat.
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  That's what's going to make the difference.
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  Bond prices are are crashing throughout the world.
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  OK, we're going to look at some more data here one second.
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  And I said, right, that's because everyone in the world is
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  suddenly realizing that everyone's money is just a bunch
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  of debt, right? There's all this debt is all the
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  money is all a bunch of debt, which is backed up by even more
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  debt. OK.
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  It's all a bunch of paper make believe that people think they
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  own owe each other. It's the exact opposite of
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  silver and gold. And it's really came to a
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  crescendo. Is that the right word?
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  I don't know, an apex, whatever. And I think people, it's
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  strange, guys. I'm worried about what's going
• 17:08
  on right now with what went on with this great, awesome,
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  incredible summit that the President Trump had with like 20
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  of the US big executives. And then we come home and
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  suddenly the next day, everything falls apart.
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  I mean, put the pieces together. I don't know.
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  Hopefully nothing happens this coming week, but I'm concerned
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  about what we may see. On top of that, I want to
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  mention the stock market's not much better.
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  Remember, the bond market is the biggest market in the world.
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  The bond market is actually much more important than the stock
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  market, but the stock market is in the situation.
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  We're gonna look at some data later.
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  Bubbly situation, but the stock market's like based on Fantasy
• 17:51
  Island projections and values and it's priced in U.S. dollars,
• 17:58
  which is like a paper fantasy currency.
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  I don't know, it's getting crazy.
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  All right, let's run out. Let me run through a few more
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  what other people are saying. You've heard enough from me.
• 18:08
  This came from Luke Roman said this and it was shared by in
• 18:15
  gold we trust, Luke Roman said. I think the recognition that not
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  only are Western sovereigns concerned by their debt, but
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  that it's in the US interest in particular to net settle more
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  trade in gold at a floating price as a means of revaluing
• 18:31
  gold higher using trade and thereby rebalancing global trade
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  and giving Western sovereigns the ability to use significantly
• 18:40
  higher gold prices to re collateralize, re collateralize
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  or pay down their sovereign debt to sustain levels.
• 18:48
  They're talking about the world losing faith in paper money.
• 18:53
  It's not just the US dollars. There he said it.
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  That's the key. Western sovereigns are cornered
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  by their debt, right? We've got, we've come to a
• 19:04
  position of what's called fiscal dominance.
• 19:08
  And when you hear that term fiscal dominance, it sounds like
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  yes, we're strong, we're dominating.
• 19:13
  No, what fiscal dominance actually means, and it makes
• 19:17
  sense when you think about it, is that the fiscal situation of
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  the United States and a lot of other countries that have racked
• 19:25
  up incredible amounts of debt that are that now the, the, the
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  fiscal situation is dominating what the governments can do to
• 19:35
  deal with economic problems, to do with monetary problems.
• 19:38
  We are in like a wild, wild, wild new world, right?
• 19:43
  Where like, and the best example is that our, our US Federal
• 19:47
  Reserve, everybody's like, oh, rates are going up.
• 19:50
  Rates are going up. The 30 year treasury is at 3
• 19:53
  five point 1%, which yes, is crazy high, OK.
• 19:58
  And it's because inflation and the feds going to have to raise
• 20:01
  rates. The Fed can't raise rates,
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  right? the Fed, the, the Fed is in a
• 20:07
  position like our government of fiscal dominance, right?
• 20:12
  There's so much debt and we talked about this a multitude of
• 20:16
  times that our government, the only thing the feds going to be
• 20:19
  able to do get ready because it's good news is print, is
• 20:23
  monetize the debt. That's the only way that they're
• 20:26
  going to be able to keep rates under control.
• 20:29
  The opposite of people, they're going to raise rates, really to
• 20:32
  raise rates, right? Not in real terms, right?
• 20:35
  The feds got to monetize the debt.
• 20:38
  That's the only thing they're going to be able to do.
• 20:40
  And when they monetize the debt, that means they print more money
• 20:44
  to buy the debt to keep the interest rates under control.
• 20:49
  I do not envy Mr. Walsh, who's taking over or has taken over, I
• 20:54
  guess, officially at the Federal Reserve.
• 20:56
  It's crazy. OK, Now let's go see what more
• 21:00
  people are saying about what we're dealing with right now.
• 21:03
  This is from the Kabasi letter. They said the bond market crisis
• 21:08
  is intensifying. And then the last thing they say
• 21:13
  inflation is back and higher rates are coming.
• 21:18
  I don't agree with that. OK, not in real terms.
• 21:21
  Yeah, sure, maybe they raise rates if they have to buy a half
• 21:23
  percentage point or whatever the case may be.
• 21:26
  But the rates aren't going to be able to keep up with inflation.
• 21:29
  And inflation is the is the is the is the master at this point.
• 21:35
  Everything else truly is the servant.
• 21:38
  Let's go here. This another one from the Kabesi
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  letter breaking the United. Oh this is interesting. the
• 21:47
  United Kingdom's 30 year government bond yield surges to
• 21:50
  almost 6%, its highest level since March of 1998.
• 21:57
  Guys, that was before Google existed, or at least the same
• 22:05
  year the the Google was created. Global bond markets are bracing
• 22:10
  for severe inflation. And then Peter Schiff throws in
• 22:14
  his three cents. He says the yield on a 30 year
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  treasury is now 5.1%, the highest since 2720 years.
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  The 10 year 4.55, the highest since Liberation Day.
• 22:28
  Sell off, he says in green. This may set off a major bond
• 22:31
  market collapse that will send yields soaring unless the Fed
• 22:36
  sends inflation soaring instead. And exactly what he means by
• 22:41
  that is if the either either rates go way up or the Fed does
• 22:48
  the only thing that they know to do and think about what it what
• 22:51
  have they done over the last 30-40 years?
• 22:53
  Print money to monetize the debt like we just talked about, which
• 22:57
  will send inflation soaring even higher as well.
• 23:02
  All of this while the stock market is absolutely in bubble
• 23:06
  territory. Coindesk shares with us.
• 23:10
  U.S. stock valuations are approaching.com bubble territory
• 23:14
  with the Shiller PE now hitting 42, just below the 44 peak scene
• 23:20
  in 1999 before the S&P 500 crashed 50%.
• 23:25
  And a little more scary news for you from the man, the myth, the
• 23:30
  legend himself, Jim Rogers. OK, one of the most respected
• 23:35
  investors in the last 50 years. He sells all his US stocks and
• 23:40
  warns the end will probably come soon as national debt hits 39
• 23:47
  trillion, he said. Now this is this is for us gold
• 23:50
  and silver investors. As long as I've been alive and
• 23:56
  hundreds of years longer, gold and silver have retained value.
• 24:01
  I own both. I hope my children own my gold
• 24:05
  and silver someday. Everybody should have some gold
• 24:08
  in the closet and everybody should have some silver under
• 24:13
  the bed. So guys, look, when we wrap it
• 24:16
  all together right now, there is insanity.
• 24:19
  The bond market. Remember, we don't get taught
• 24:22
  this in school, but the bond market is infinitely more
• 24:26
  important. Exponentially, sorry, better
• 24:29
  word more important than the stock market.
• 24:33
  This coming week we're going to have the gold and silver futures
• 24:35
  open here in a few hours. But this coming week, what
• 24:38
  happens? We could be we could be at that
• 24:41
  moment right where where the Jenga tower falls down right
• 24:46
  where it's that one thing. And the bond market is the
• 24:49
  powerhouse of the world. But remember, the bond market
• 24:54
  will also be a slave to inflation.
• 24:57
  And remember, right, there's nothing that creates more value,
• 25:04
  right? More, more, higher price, higher
• 25:07
  protection, however you want to say it, for precious metals than
• 25:11
  inflation. That will be the driver if we
• 25:14
  take all these complicated things that we can talk about
• 25:17
  and distill them down to one sentence.
• 25:20
  One, one key component that we want to remember that is that as
• 25:24
  we move into this next decade, inflation is really all that we
• 25:30
  have to focus on. All that we have to worry about
• 25:33
  because everything else, right, will be a servant to inflation,
• 25:37
  right In the king of inflation are gold and silver.
• 25:41
  Hey, you're the king. You're the queen for joining me
• 25:44
  down here in the basement on behalf of myself and upstairs,
• 25:47
  Susie, thank you for being here. OK?
• 25:49
  It's going to be a wild week. We'll navigate it together.
• 25:53
  Everything will be OK. Remember, please try to try to
• 25:57
  take a step back. I know it's hard.
• 25:59
  Red days are no fun. Green days are a lot of fun.
• 26:02
  But try to strip that emotion out of the underlying
• 26:05
  fundamental reasons why we love gold and silver.
• 26:09
  We are basement dwellers. We love gold and silver because
• 26:13
  we understand history and we understand basic mathematics.
• 26:17
  Please subscribe to the channel. Love to have you back down here
• 26:21
  in the basement again. Take care and I'll see you soon.
• 26:24
  Bye.