Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨Warren Buffett WARNING🚨 - Will He Be Buying SILVER Again 😃 - Silver News

Transcript

🚨Warren Buffett WARNING🚨 - Will He Be Buying SILVER Again 😃 - Silver News · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Silver investors, we're going to hear from 2 gurus today.
• 0:04
  Warren Buffett What? Could he do with?
• 0:07
  Silver, which is absolutely. Shocking and the King.
• 0:12
  Of Silver himself, Keith. Neumeyer.
• 0:15
  What did he? Say, which absolutely knocked my
• 0:18
  socks off A. Statistic about silver which?
• 0:21
  Shows us in No. Uncertain terms.
• 0:23
  Just how unvalued? This asset is because are you?
• 0:26
  Wondering. Hey, look, I'll admit.
• 0:28
  I do sometimes. Are you wondering?
• 0:30
  Are you questioning your? Decision to invest money.
• 0:33
  Into silver. Well, maybe I don't.
• 0:35
  Question it that. Often, but.
• 0:36
  If you do. At the end of this.
• 0:38
  Video I think. You're going to feel.
• 0:40
  Much, much. Better because Keith.
• 0:42
  Newmont Meyer pointed out something about silver that I
• 0:45
  had never heard before and. Chose again.
• 0:49
  Just how? Crazy manipulated the.
• 0:52
  Silver price is we're also going to talk about this.
• 0:55
  Big warning from Warren Buffett. Now we're.
• 0:57
  Going to talk about. Warren and what?
• 0:59
  He could. Do with silver as.
• 1:01
  Well, and not only. Is there one?
• 1:03
  Crazy statistic. We're going to hear from Keith,
• 1:05
  Keith Neumeyer. But there's two.
• 1:08
  Crazy statistics. When you hear what?
• 1:11
  Warren Buffett himself. Could do with silver.
• 1:16
  And we'll. Also review what Warren.
• 1:18
  Buffett did with silver. In the past because.
• 1:20
  Not too long ago. Basement dwellers.
• 1:22
  Our friend Warren Buffett. Bought a huge huge.
• 1:26
  Pile of silver we'll. Talk about that and we'll talk
• 1:29
  about. Again, this unbelievable
• 1:32
  statistic in what? He could do with.
• 1:34
  Silver right now, today in the. Present moment.
• 1:38
  Thank you for joining me. Thank you.
• 1:39
  For being here in. Ron's, we'll call it.
• 1:42
  Ron's bedroom today for the last day we're heading.
• 1:45
  Home, but I want to. Thank you for being.
• 1:47
  Here you are the most important part of.
• 1:50
  Ron's basement, no doubt. About it without you, this does.
• 1:53
  Not exist. I want you to think about.
• 1:55
  That for a second. You're joining me.
• 1:57
  It's a big deal. I want you to know we
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• 2:07
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• 2:09
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  The family. And support the channel.
• 2:13
  Let's start out with Keith. Newmeyer.
• 2:15
  Now you know who Keith. Newmeyer is, I hope.
• 2:18
  Right, Keith Newmeyer. Is the CEO of first majestic
• 2:22
  Silver Keith Newmeyer is. Considered to be the.
• 2:24
  Crown Prince of Silver. So when he.
• 2:27
  Talks silver. We listen and listen to this
• 2:30
  statistic, this one. Blew.
• 2:32
  Me away, right hold. On to your socks, cuz your
• 2:35
  socks. Might get knocked.
• 2:36
  Off here yes, you. I'm talking to you.
• 2:41
  OK, here we go. Keep Newmeyer the mining
• 2:44
  industry. How many?
• 2:45
  How many? Ounces of.
• 2:46
  Silver are produced. Worldwide by the mining industry
• 2:49
  every year about. 850. Million.
• 2:53
  Ounces. We know there's about another
• 2:55
  100. Million of like recycling.
• 2:57
  So we'll roughly say there's. 1 billion ounces of silver
• 3:01
  produced every year. OK, now on a daily.
• 3:05
  Basis. This is where it gets crazy,
• 3:08
  guys. On a.
• 3:09
  Daily basis. There are.
• 3:11
  Almost 1 billion ounces. Of.
• 3:15
  Paper make believe futures. Contracts Comex and the.
• 3:19
  OBMA. Over in London, England, right,
• 3:23
  they trade in one day the equivalent of what's produced in
• 3:26
  a whole year. By the mining industry.
• 3:30
  Think about that. For a second it.
• 3:32
  Gets better, so stay with me here.
• 3:35
  There are two. 120 Trading. Days in the year.
• 3:39
  So that means that there's 1 billion ounces?
• 3:43
  Of silver produced. All year by the mining industry.
• 3:46
  Physical metal, but there's. 220 billion oz traded per year.
• 3:53
  Actually, if you do the math, it's at.
• 3:55
  Least 200. Times on an annual.
• 3:59
  Basis 200 times. The amount of.
• 4:02
  Physical silver is traded. In the paper make believe
• 4:05
  market. And that's conservative.
• 4:07
  I think the actual. Number if I didn't round up and
• 4:10
  round. Down to be conservative.
• 4:12
  Is probably. Closer to 250.
• 4:14
  Or 260? For each.
• 4:16
  One ounce of silver. They pull out of the ground.
• 4:19
  And remember, let's just quickly review.
• 4:22
  Let's. Remember that amount of?
• 4:23
  Silver coming out of the ground. Every year is.
• 4:26
  Going down, down, down. Now it's not crashing.
• 4:29
  But over. The last number.
• 4:30
  Of years, the amount of silver. Coming out of the ground is
• 4:33
  going down, down, down. And do you understand what they
• 4:36
  mean? When they say a silver deficit.
• 4:38
  Right, the Silver Institute tells.
• 4:40
  Us there's a silver I don't. Know 100.
• 4:41
  And 50 million who knows if we. Believe their numbers.
• 4:44
  Anyway, a lot of people think. It's a lot.
• 4:46
  Lot. More OK, but there's there's
• 4:49
  there's there's. More silver being consumed than
• 4:52
  is being produced. Every year on top of.
• 4:55
  That on top of that 202 hundred. And 50 times paper to physical
• 5:01
  ratio that's being traded. Every year they're sucking.
• 5:04
  Silver out of the. Above ground supplies.
• 5:06
  It's like a. Big giant vacuum.
• 5:08
  Trying to suck up all the silver we know what.
• 5:10
  The Chinese and the. Indians are doing as well.
• 5:13
  Right, they're sucking up all the physical metal.
• 5:16
  To trade on the Shanghai and I emphasize high in Shanghai.
• 5:21
  Gold Exchange. Because the price for physical.
• 5:24
  Silver on the Shanghai last time.
• 5:27
  I do. That gold exchange is always
• 5:29
  way. Higher than what we have in the
• 5:31
  United States, OK. But there's they're they're.
• 5:34
  Eating up they're they're. They're they're they're they're.
• 5:39
  Eating through. The surplus, the reserve.
• 5:42
  Fund. Of physical silver that's above.
• 5:45
  Ground right now and. We know that's even gonna get.
• 5:47
  Worse so when I. Heard that that.
• 5:50
  Really, I thought. Keith explained that.
• 5:52
  Does that make? Sense to you and.
• 5:53
  Very clear terms. Right, right.
• 5:56
  About a billion. Ounces of.
• 5:57
  Silver are produced. Every year, let's say.
• 6:00
  But on one. Day.
• 6:02
  All right. One trading day that.
• 6:04
  Amount is traded. And there's 220.
• 6:06
  Trading. Days in a year that's like. 220.
• 6:09
  To one, it's absolutely crazy. OK, now let's talk about Warren
• 6:13
  Buffett. Let's talk about you one more
• 6:15
  time. This is a double dip I want to
• 6:17
  say thank you for. Being here OK please.
• 6:18
  Support our channel sponsors. Pimbex Pi MB EX It's.
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  Spelled just like it sounds. But more importantly, if you're.
• 6:28
  Shopping for silver, gold, platinum group metals online?
• 6:32
  Do yourself a favor and check out Pimbex.
• 6:34
  I really want Warren Buffett to call.
• 6:36
  The guys at Pimbex. And inquire about buying some
• 6:39
  silver. We'll get to that in one second.
• 6:41
  But if you're like. Warren Buffett and you live.
• 6:44
  By that. Saying, you know what, Warren?
• 6:45
  Buffett says price is what? You pay.
• 6:49
  Value is what you get. If you want the best value for
• 6:53
  your money, in my opinion, you need to.
• 6:54
  Find this out for yourself. Check out Pembex.
• 6:57
  Because I found that I always get more metal for my money
• 7:01
  with. Pembex Compare their prices.
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  To the other big online bullion dealers right I.
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  Encourage you to do that right you always.
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  Dealer and if you. Dig into the.
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• 7:27
  the year now last year and a half.
• 7:29
  I've done at least 5 purchases. I've been.
• 7:32
  Extremely happy the. Packages come wrapped up like
• 7:35
  Fort Knox. Anyway, I've gone on long
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• 7:46
  What about Warren? Buffett, we got a lot to talk.
• 7:49
  About with Warren Buffett. And.
• 7:51
  A crazy statistic about silver, but let's talk.
• 7:54
  About a big warning, right? We could be.
• 7:58
  In for some. Serious market turmoil.
• 8:01
  Some big, big market turmoil. Because Warren.
• 8:03
  Buffett is selling stock I want to read.
• 8:06
  A couple of interesting big developments, and this is big.
• 8:10
  News, front page news that people are talking about with.
• 8:13
  Warren, OK and Will? He be buying.
• 8:16
  Silver in the future? We'll get to that one, OK, but.
• 8:21
  Is our Warren. Buffett's recent move showing us
• 8:24
  that a stock market crash is coming Berkshire Hathaway's You
• 8:28
  need to remember this number, basement dweller.
• 8:31
  Berkshire Hathaway's cash. Pile swelled to a.
• 8:34
  Record 276. Billion dollars last quarter as
• 8:39
  Warren. Buffett sold big.
• 8:41
  Chunks in stock holdings, including Apple.
• 8:44
  Unprecedented sales. I think he sold half of his
• 8:48
  stake. In Apple and that's.
• 8:49
  A major. Part of his portfolio.
• 8:52
  He now has two. 100. And 70 billion two. $177
• 8:57
  billion. In cash in Berkshire Hathaway,
• 9:01
  I'm. Going to remind you one more
• 9:02
  time, maybe write it down. If you have to 200.
• 9:05
  And 77 billion. Dollars.
• 9:08
  But why is he selling right? OK, the Omaha based
• 9:11
  conglomerates cash hoard jumps significantly.
• 9:14
  It was only 190 billion at the end of the last.
• 9:17
  Quarter this increase. Came after the.
• 9:19
  Oracle of Omaha. That's what they call.
• 9:21
  Warren Buffett sold. Nearly half.
• 9:24
  Of his stake and and Tim Cook. LED tech giant Apple in the
• 9:29
  second. Quarter.
• 9:30
  But wait, there's more. There's more.
• 9:32
  The selling by Buffett has. Continued in the third.
• 9:36
  Quarter, that's right now. OK, in some areas.
• 9:39
  With Berkshire trimming its second biggest stake, so I
• 9:42
  guess, hey. Thank you, Daniel.
• 9:44
  Thank you, Daniel. I worry about tomorrow in
• 9:46
  stocks. Yeah, a lot of people are saying
• 9:48
  we could have like a big. Crash coming Crash crash.
• 9:51
  But not only did. Buffett sell.
• 9:53
  Thank you again. Daniel for the Super chat, his
• 9:56
  position in Apple. Which was like half of it
• 10:00
  unprecedented sale, but also OK. With Berkshire trimming.
• 10:06
  Its second biggest stake. Bank of America for. 12
• 10:12
  consecutive days What? Does Warren Buffett know?
• 10:17
  And what is Warren? Buffett going to wait till you
• 10:20
  hear what he could do with this cash.
• 10:22
  It's unbelievable, but. Yes, we could.
• 10:25
  Be in for. A very rough.
• 10:26
  Week in the market last week was a rough I'm going to give.
• 10:28
  You my prediction. About what's to come in the
• 10:31
  market and the metals prices in the coming.
• 10:34
  Week and months. At the end of this video, but I
• 10:38
  want to stay on track here with Warren.
• 10:39
  Buffett does Warren Buffett. See.
• 10:41
  A market crash or. Could he be?
• 10:45
  Could he? Be building up his cash position
• 10:49
  to buy silver. Has Warren Buffett ever bought
• 10:51
  silver? In the past, yes.
• 10:53
  That Warren Buffett. Yes, he.
• 10:55
  Has Warren Buffett? Through Burke, we're going to do
• 10:57
  a quick. History lesson here through
• 10:58
  Berkshire Hathaway. Bought a large amount of.
• 11:01
  Silver by the end of this was in. 1990.
• 11:04
  Seven. So just 20.
• 11:05
  Five years ago, Berkshire. Accumulated 130. 1,000,000
• 11:09
  ounces of silver. OK.
• 11:12
  Buffett's massive purchase. Of silver did not go unnoticed.
• 11:16
  It had a noticeable. Impact on the silver market.
• 11:19
  Causing prices to rise. This move also attracted other
• 11:24
  investors, leading to increased interest.
• 11:28
  And investment in silver. When the word got.
• 11:31
  Out that Warren Buffett bought silver guess.
• 11:34
  What and Warren Buffett? Wasn't even as popular back then
• 11:37
  as he is now. People piled into silver,
• 11:41
  remember just two years ago. When word got out, I think it
• 11:43
  was Barrick, Buffett and Berkshire.
• 11:46
  Buffett and Berkshire bought. That's a.
• 11:47
  Tongue twister a position. In one of the.
• 11:50
  Big gold. Mining.
• 11:51
  Companies and when that. Word got out it.
• 11:54
  Said the gold mining. Stocks flying higher.
• 11:57
  Are we gonna hear? Are we gonna hear?
• 11:59
  We're gonna talk about. What you are not.
• 12:01
  Gonna believe what, Warren? Buffett could do, right?
• 12:04
  Now. To the silver market, and it's
• 12:07
  easy to. Understand.
• 12:08
  And I'm gonna get. To it, right?
• 12:10
  But I just thought about this, do you guys?
• 12:12
  Think are we? Gonna hear about Warren?
• 12:13
  Buffett and Berkshire Hathaway. Starting to buy?
• 12:16
  Gold and silver. Mining Stocks.
• 12:18
  Right are we? What do you think that would do
• 12:21
  to the? Price of the metals.
• 12:23
  Even. Look, Wall Street can't ignore
• 12:26
  the fact that the gold and silver mining stocks are down,
• 12:28
  down, down and. For those of us.
• 12:30
  That are and I'm invested in gold and silver mining stocks.
• 12:33
  Also in physical metal. If you are.
• 12:35
  Just invested in silver. And gold physically.
• 12:39
  You might be thinking, well, what does that matter to me?
• 12:41
  Ron then what? What?
• 12:43
  Why would that matter to me? People if the big.
• 12:45
  Companies. Right, they can only.
• 12:47
  Ignore the big profits being made by the.
• 12:49
  Mining companies right now start to buy silver and gold mining
• 12:52
  stocks that will. Bring more attention to the
• 12:56
  physical metals OK it. Absolutely.
• 12:59
  Will back to Warren Buffett outcome.
• 13:02
  While specific, details on the exact sale price or profit made
• 13:06
  by Berkshire. Hathaway are not.
• 13:08
  Publicly available, it's generally believed that
• 13:11
  Buffett's investment in silver was very.
• 13:13
  Profitable. His purchase helped.
• 13:15
  Validate. Silver as an investment?
• 13:17
  Asset influencing market perceptions.
• 13:21
  OK, Warren Buffett bought. A massive amount of silver.
• 13:27
  In 1997, what's to stop? Him, I'll just ask that
• 13:31
  question. From buying a massive.
• 13:32
  Amount of silver right now, today and.
• 13:34
  Think about what that'll. Do to the price.
• 13:38
  Of silver. I mean, guys.
• 13:40
  And and. Here's the thing.
• 13:42
  About Warren Buffett Here's. The thing?
• 13:44
  About you OK, Why do you buy silver?
• 13:46
  Why do you buy gold? Why would you?
• 13:48
  Buy precious metal mining stocks.
• 13:50
  Why did? Warren Why does wine?
• 13:52
  Ryan, Warren Buffett Buy any stocks.
• 13:55
  Because they're a good. Value.
• 13:57
  You feel like you're. Getting whatever whatever amount
• 14:00
  of. Paper Unicorn fart desk.
• 14:02
  You know, right? Fiat money.
• 14:05
  That you convert to physical metal, you feel like that's a
• 14:08
  good deal. I always feel like it's a.
• 14:09
  Good deal, right? I mean, hey, look at this guy.
• 14:13
  Look at that. Look at that. 2 ounces of
• 14:18
  silver. Right.
• 14:20
  I'd gladly trade. A50.
• 14:22
  Dollar bill or or? $320.
• 14:24
  Bills. Right or or three. 20s and A10,
• 14:27
  whatever. It's going to cost for that.
• 14:28
  Because it's a good. Value.
• 14:30
  Warren Buffett's not. Stupid, he's seeing.
• 14:33
  Right now what? Newmont Mining?
• 14:35
  How much money? They're making Barrick, how much
• 14:37
  money they're making Agnico Eagle mines, all these mining.
• 14:42
  Companies he will. Soon, I think.
• 14:46
  Be taking a much closer look and we know that he did it just two
• 14:49
  years. Ago.
• 14:50
  I got this stat. Coming up for you about what he
• 14:52
  could do with Silver. That's unbelievable.
• 14:55
  OK, I promise I'm going to. Deliver on that, but.
• 14:59
  He's going to start. Seeing the profits being.
• 15:01
  Generated by these big. Mining companies.
• 15:03
  He did it just 2-3 years ago. Right the summer after the the C
• 15:07
  19. Situation.
• 15:08
  He'll do it again, and that. Will bring bring renewed.
• 15:11
  Focus. Into.
• 15:13
  The precious metals sector. All right, so let's go back.
• 15:17
  Did you write that number down? Who can remember what what what
• 15:21
  amount of cash does? Berkshire Hathaway.
• 15:24
  That's Warren. Buffett's company.
• 15:26
  Have on their balance. Sheet right now.
• 15:29
  OK, that number for those of you that didn't write it down.
• 15:33
  Would be 200. And $77 billion we're going to.
• 15:39
  Round that up. To $280 billion.
• 15:43
  Now remember back earlier we talked about Keith Newmire and
• 15:46
  we talked about how on an annual.
• 15:48
  Basis there's maybe about a billion ounces of silver.
• 15:54
  That are made. Available right?
• 15:55
  Roughly. We're going to say.
• 15:58
  Right, that would be. 1 billion oz at. $28.00 would be 28.
• 16:04
  Billion you. Could buy you could.
• 16:07
  Buy the entire year's silver output production.
• 16:12
  Of newly made available. Silver for. 28.
• 16:16
  Billion dollars? How much?
• 16:18
  Cash does Warren Buffett. Have at Berkshire Hathaway. 280.
• 16:23
  Billion. Dollars, guys, think about this
• 16:26
  Warren Buffett. Could buy the entire.
• 16:29
  Year's silver production. The entire years. 10 times over
• 16:35
  that's. Why he made that?
• 16:36
  Thumbnail with a picture. Of Warren Buffett and 10X
• 16:39
  somebody. Call.
• 16:39
  Warren and say Warren, we don't want you to spend all your cash
• 16:44
  we. Just want you to.
• 16:44
  Spend 10%. Of your cash.
• 16:47
  And buy the whole year's worth of.
• 16:48
  Silver that's out there. He can do it.
• 16:51
  Super. Easily.
• 16:52
  OK, now a. Lot of people say, well you
• 16:55
  won't do it now because he'd get in trouble with the.
• 16:57
  Government. The government.
• 16:58
  Wouldn't like that he. That he bought.
• 17:00
  All the silver and these powerful.
• 17:02
  Forces would dissuade. Him from doing.
• 17:04
  It who knows, right? Hey.
• 17:06
  Profit is a. Real big motivator.
• 17:09
  So if. We get on and that's why I say.
• 17:12
  Maybe. I'm have to ask my guys at
• 17:14
  Pembex. If Warren Buffett calls.
• 17:16
  Right, cuz I'm. Telling you if Warren Buffett
• 17:18
  was an average everyday. Person like us, he'd be buying
• 17:23
  his silver from pinbex cuz he'd be getting the best value I.
• 17:26
  Digress. That's a.
• 17:27
  Double plug for my sponsor our. Sponsor.
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  It's not my. Sponsor, guys, it's our sponsor.
• 17:32
  This is not this basement. Thing doesn't work without
• 17:35
  support, you know, We gotta, we gotta raise a family here.
• 17:39
  So, so, yeah, but but Warren Buffett.
• 17:42
  Would be buying his. Silver from Pinbex.
• 17:44
  I'll say that confidently, I could be wrong.
• 17:46
  But I would say right, if he's like wants to get the most medal
• 17:49
  for his money, that's what he. Would be doing and.
• 17:52
  But right now? All he has to.
• 17:54
  Do is spend 10%? 10%.
• 17:57
  Of his cash. To wipe out the.
• 17:59
  Entire year's. Worth of silver production all.
• 18:04
  The mines, right, Hekla. Mining Endeavour.
• 18:08
  Silver one of there's. All kinds of them, right?
• 18:11
  All their production for the attack and think about.
• 18:14
  This it gets even. Crazier, he could probably spend
• 18:18
  another 10%. Just.
• 18:20
  You know, spend 10%, buy all the world silver, spend another 10%.
• 18:24
  Warren and you. Can pretty much buy up every
• 18:26
  silver mining company stock. In the world.
• 18:30
  That's how small the silver market is, guys.
• 18:34
  It is crazy. It is absolutely crazy and the
• 18:39
  fact. That it's so small.
• 18:42
  Does it baffle you because it. Baffles me if.
• 18:44
  Silver's so small. Right, 28 billion.
• 18:47
  Thirty billion. To buy the whole year, why do
• 18:49
  they put it at the top of the? Ticker on Yahoo Finance.
• 18:52
  Why do they put it on? CNBC if silver.
• 18:55
  'S not a monetary medal, Silver's just.
• 18:58
  You know. Well then, why?
• 19:00
  Then we had a question for you. Yahoo Finance, CNBC MarketWatch
• 19:06
  Why do you display prominently the.
• 19:09
  Ticker because it is a big. Deal.
• 19:11
  Don't believe what they're telling you.
• 19:13
  Don't believe what? The mainstream media?
• 19:15
  Tells you about gold. And silver, right?
• 19:19
  There's a reason why Basil Three made.
• 19:22
  Gold A tier. One asset, all right, we've
• 19:25
  talked about that, right and that's from the bank, Bank for
• 19:29
  International Settlements, the. Central Bank of the World.
• 19:34
  Central banks. There's a reason why.
• 19:36
  There's a reason why countries around the world are buying
• 19:41
  record amounts of gold and. Not.
• 19:42
  Only are they buying? It right, But they're having it
• 19:45
  repatriated. They're taking delivery, right?
• 19:49
  They're buying it and taking delivery and they're
• 19:51
  repatriating, meaning they're calling up the New York Fed and
• 19:53
  saying, hey, guys. We don't want to store our gold.
• 19:56
  With you anymore, we want to hold it here in our country,
• 20:00
  right? There's you know the reason why?
• 20:02
  Because out of control. Debt in the United.
• 20:06
  States right on the government, corporate, personal, municipal,
• 20:11
  you name it. Gosh, even the squirrels.
• 20:13
  And and deer run around. Probably have debt at.
• 20:16
  This point, you know. OK, but it's not just the United
• 20:19
  States, it's the whole. World.
• 20:22
  Right, Sure, We've got $35 trillion.
• 20:25
  Yoohoo, America's exceptional We ran up a $35 trillion national
• 20:30
  debt. It's not just.
• 20:31
  That it's the whole world. The whole world.
• 20:35
  Has like. 330. Billion dollars in debt and I
• 20:38
  got a little. Secret for you all that debt,
• 20:41
  somebody thinks they're going to get paid back and they're not
• 20:44
  all going to get paid back not. In in in currency, paper money
• 20:49
  that's worth anything near. What it's worth?
• 20:52
  Right now, when everybody. Wakes up and that's what the
• 20:55
  central. Banks know, right?
• 20:57
  And that's why they are buying gold.
• 21:00
  I got off on a gold. Rant.
• 21:01
  I don't know what happened there, but it's true and it's
• 21:03
  very. Interesting.
• 21:05
  Right. The banks aren't gonna tell you,
• 21:07
  do you think? Remember silicon?
• 21:09
  Valley Bank. Hold on, I'm gonna.
• 21:10
  Just sip a coffee, do you remember?
• 21:15
  Silicon Valley Bank back. What are you almost?
• 21:17
  A year and a half ago now. That banking.
• 21:19
  Crisis like that was massive. That was a big, big deal.
• 21:23
  I got news for you if you had money at.
• 21:25
  Silicon Valley Bank, OK. When you.
• 21:28
  Went to that. Branch and it went.
• 21:30
  Belly up on a Friday when you. Were in your bank?
• 21:32
  Branch on Wednesday. And you said tie to your private
• 21:35
  banker. And you know what they they all
• 21:36
  said that hey, everything's. Great, they didn't have.
• 21:41
  You know those big. Placards they.
• 21:42
  Didn't have a big. Placard up in the lobby saying.
• 21:45
  We're having financial trouble. We need you.
• 21:47
  You may. Want to move?
• 21:48
  No they had a big placard up saying join our premier platinum
• 21:52
  checking club and get 2. Percent interest.
• 21:55
  They're not. Look.
• 21:57
  At what the big? Bankers are doing OK and the.
• 22:00
  Big bankers, the inside. Money the smart money, right
• 22:05
  the. People with the inside.
• 22:06
  Track those. Are the central bankers?
• 22:09
  Of the world. And they are.
• 22:10
  Moving to real hard assets. Sorry, that's the reality.
• 22:17
  Hey look, my wallet. 'S sitting right there.
• 22:19
  I've got some Unicorn fart dust in there.
• 22:21
  Some. Paper money, some Fiat, right?
• 22:23
  I can smell it. We all need.
• 22:24
  It to use it. The other big thing going on?
• 22:27
  I got to talk about this too, because this is.
• 22:29
  Huge. This is so.
• 22:30
  Huge. OK.
• 22:32
  The world gold. Council in the LBMA, we don't.
• 22:35
  Like the LBMA over in London, England.
• 22:38
  But they are. Working on digitizing gold and
• 22:42
  Rick Wolf thinks. That it could be.
• 22:44
  Officially happening by the at the balance of this decade at
• 22:48
  the end of this. Decade, he says.
• 22:50
  Definitely during his. Lifetime and guys this.
• 22:52
  Is going to make gold so. Functional, I know.
• 22:56
  There's all kinds of. Other options out.
• 22:59
  There there's a plethora of little companies.
• 23:02
  Big companies that are. Trying to digitize gold, make it
• 23:04
  functional, but if the World Gold council in the LBMA right
• 23:09
  get behind this and they make it work and it looks like they are.
• 23:14
  You could be. Using gold.
• 23:16
  And the key. Here is.
• 23:17
  It would be very. There would be very.
• 23:20
  Little friction in the transactions, OK.
• 23:23
  And there'd be very. Little cost in doing the
• 23:26
  transactions. You could be using.
• 23:29
  Gold and I would think. Soon thereafter, silver.
• 23:33
  For everyday. Transactions before you know.
• 23:35
  It I mean. This is happening.
• 23:36
  And it's a big deal and it's not.
• 23:39
  Don't get mad at me. This is why I think you may.
• 23:44
  Want to consider being excited? About this.
• 23:47
  OK, this is not. I have no.
• 23:48
  Financial interest in the digitization of.
• 23:51
  Gold, so I'm not. Trying to sell you.
• 23:53
  Anything I do. Want to say thank you and then I
• 23:55
  want to tell you why you. Need to consider this.
• 23:57
  Thank you to our. Other two.
• 23:58
  Channel sponsors mining companies.
• 24:01
  First mining gold. They're a.
• 24:02
  Development stage company with two multi million ounce
• 24:05
  projects. In Canada, the big.
• 24:08
  Companies are going to. Need to replenish.
• 24:10
  Their gold resources and. Companies like First Mining.
• 24:13
  Could be sitting. In a very nice.
• 24:16
  Situation and our other sponsor Fortuna Mining, they're going to
• 24:20
  going to announce their earnings.
• 24:22
  This week they've got. Great.
• 24:24
  Operations, mining, Actively mining.
• 24:26
  Silver and gold. In Latin America and.
• 24:30
  West Africa OK, now why would you want to consider I'm just
• 24:35
  want to. It's Sunday.
• 24:36
  We want to. Why would you want to consider
• 24:38
  being? Excited about this two.
• 24:40
  Reasons. OK, the digitization of gold. 2.
• 24:44
  Reasons. OK, number one, it could create.
• 24:47
  Massive new demand for. Precious metals.
• 24:52
  We don't need Warren. Buffett to buy gold?
• 24:54
  Mining Stocks. Don't forget Warren Buffett
• 24:57
  could buy. Right. 10 times over.
• 24:59
  The Annual Complete annual. Production of silver, but we
• 25:03
  don't need. That right if.
• 25:05
  Gold gets digitized, it is able to be used.
• 25:09
  Right to buy those gallons of milk.
• 25:11
  At the grocery store, which will.
• 25:12
  Soon be $12.00. Each it will create.
• 25:15
  A. Massive worldwide additional
• 25:17
  demand for gold. OK.
• 25:20
  Additional demand for gold and already?
• 25:23
  Gold is the. In my.
• 25:24
  Opinion. Excuse me, the.
• 25:26
  Biggest. Market in the world.
• 25:28
  Nobody talks about this. Keith Weiner.
• 25:31
  From monetary metals turned. Me on to this when I interviewed
• 25:33
  him a few days. Back think about the gold
• 25:36
  market. It is the biggest.
• 25:38
  Market in the world? Maybe not in dollar terms.
• 25:42
  But in terms of the number of. Participants in the world
• 25:46
  Somebody prove me wrong, send me an e-mail, but can you tell me
• 25:49
  about any other market in our world right now?
• 25:53
  That has more participants. If I do, I have a. 110th oz
• 25:58
  Gold. Coin, right?
• 25:59
  People in India, they. Happen to have 20. 5000 metric
• 26:03
  tons. Three times what we have.
• 26:04
  At Fort Knox. All the Chinese people each.
• 26:09
  One of those individuals. All right.
• 26:10
  The 1.4. Billion in India the one point.
• 26:13
  4 billion in China. Those are market participants.
• 26:18
  Every day they're making a decision.
• 26:22
  Should I buy more gold? Should I hold the gold I have or
• 26:25
  should I sell some gold? And or silver.
• 26:28
  Think about that. Right.
• 26:30
  Think about the. Oil market I always.
• 26:31
  Use that example. Compared to the oil market which
• 26:34
  might be bigger in dollar. Terms.
• 26:36
  I bet there's. 1% of the number of market participants, right?
• 26:41
  Do you own? A couple.
• 26:43
  Do you have a couple barrels of oil in your garage that you
• 26:45
  bought for an investment? No.
• 26:47
  But you likely have a couple ounces of silver or gold or
• 26:51
  maybe much more. You don't have to tell me, don't
• 26:53
  worry, I'm not asking. OK.
• 26:55
  That's what I mean. It is the biggest.
• 26:56
  Market in the world. People are already used to it if
• 26:59
  it gets digitized. It could create a.
• 27:03
  Massive. I mean massive.
• 27:07
  Am I exaggerated? Enough for you I.
• 27:09
  Mean the biggest buttercups. Wearing my gold shirt for you.
• 27:16
  Today. Wave of demand for.
• 27:19
  Gold and. Silver that we've ever.
• 27:21
  Seen even if. Warren Buffett doesn't buy all
• 27:23
  the world silver. Or buy gold mining.
• 27:25
  Stocks, the other big. Key for you to.
• 27:29
  Remember about this digitization of gold is.
• 27:32
  It will not result. In in the in.
• 27:35
  You being. Prohibited from continuing.
• 27:38
  To do this right. Hold this pretty stuff in your
• 27:44
  possession. Nobody's going to say.
• 27:47
  Oh, you have to. Turn.
• 27:47
  In all your silver or turn in all your gold.
• 27:49
  Nobody's going to do it. We're in a different world now.
• 27:52
  Nobody would turn in their silver or gold.
• 27:55
  That's the only silver. I own by the way.
• 27:59
  I'm on a lake. Maybe it's a boating accident.
• 28:02
  I don't know, but that's the reality.
• 28:04
  That's what's going on. Hey, I've got a great.
• 28:08
  Comment I want to say sorry to my friend Max.
• 28:11
  Cactus 727. I got a great comment from him.
• 28:16
  I'm going to read it during tomorrow's live stream, OK?
• 28:19
  But people will keep asking me what's my prediction for this
• 28:22
  week. Everybody wants to know my.
• 28:24
  Prediction. I've been pretty accurate
• 28:26
  lately. My.
• 28:27
  Prediction for this week. Is, I don't know, expect mayhem
• 28:31
  is what I'm saying. I think this week it's who knows
• 28:36
  number one what's gonna happen in the general markets.
• 28:40
  A lot of people are saying, boy, here comes the crash, here comes
• 28:44
  the crash. And stocks are gonna crash.
• 28:46
  Nobody knows. I will tell you from experience
• 28:50
  that usually crashes happen when people don't.
• 28:52
  Expect them. So when we're having all these.
• 28:55
  Expectations of a week of crashing?
• 29:02
  I'd be surprised, right? But there's so much.
• 29:04
  Going on so much mayhem, it's. Very hard to predict what's
• 29:07
  gonna happen with silver and. Gold I have.
• 29:09
  No, I mean, you know, I always will open.
• 29:11
  I'll always go. Out on a limb.
• 29:13
  Man, I. Think it's a 50. 50 week.
• 29:16
  I think if next Sunday we're sitting here talking.
• 29:18
  And we still have. Silver at what, 2850?
• 29:21
  Pretty good price. Right.
• 29:22
  I mean. The price is right.
• 29:26
  Gold at 2:00. 1400. And 40.
• 29:28
  That will be in. Pretty good shape.
• 29:30
  I'll stay on top of it. For you all.
• 29:32
  OK. Thank you to the moderators.
• 29:34
  Who are all here? Thank you, C1. 30 Ron the.
• 29:38
  Comex has a gold and so up. I can't read the comments, they
• 29:41
  kind of I. Don't know how I do that.
• 29:44
  Wait a minute, maybe I press this.
• 29:45
  Button hold on top chat, live chat.
• 29:48
  I don't know, live chat, here we go.
• 29:50
  All right, now I can see the comments.
• 29:53
  Hey, coin shop, Chris. Hey guys, don't forget, don't
• 29:57
  forget coin Shop. Chris has his own.
• 29:59
  Channel please go check that out all you do.
• 30:02
  Is go to the YouTube search. Bar and type in.
• 30:04
  Coin Shop. Chris, any of you get to listen
• 30:09
  to him, He's a great guy. Great.
• 30:10
  Friend of the channel, go check him out.
• 30:12
  Go subscribe. Have a great day.
• 30:15
  OK, I'm going to wrap this up for now.
• 30:17
  I'll be back in the basement later today, but thank you to my
• 30:21
  friend Ricky who's staying at the house and helping.
• 30:23
  Facilitate all this. Thank you to.
• 30:25
  All the moderators, most. Importantly, thanks to you.
• 30:28
  Guys you know basement dweller community bedroom.
• 30:34
  Dweller. Community are such a great group
• 30:37
  of people, so I want to say thank you, all right, and you
• 30:43
  know I do. This everyday I know I'm getting
• 30:45
  a lot of Flack like oh, take some time off Ron, take some
• 30:48
  time. Off and and I get really tired
• 30:50
  and you can ask Susie I'll complain like but I.
• 30:54
  Don't want I always. At.
• 30:55
  The end of the day feel like I. Want to get on and say.
• 30:57
  Hi to you guys. And connect with you because
• 31:01
  this isn't possible. Without.
• 31:03
  Each and every you right you like one you there's only one
• 31:07
  you. So thank you so much.
• 31:09
  OK, we. Appreciate you.
• 31:10
  We appreciate all the support. Have a great day and I'll see
• 31:13
  you soon. Bye bye.