Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER STACKERS 🚨 ALERT! 🚨 -- Elon's WARNING -- Massive NEWS for GOLD & SILVER Price!

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SILVER STACKERS 🚨 ALERT! 🚨 -- Elon's WARNING -- Massive NEWS for GOLD & SILVER Price! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Next stop for Gold $3000 per oz. Silver $44.00 per oz $50 per oz.
• 0:09
  But do you ever find yourself wondering, can it really happen?
• 0:14
  Will it really happen? Hey, look, in today's live
• 0:18
  stream video, we're going to talk about the reasons why it
• 0:22
  can happen. And some of them are downright
• 0:24
  alarming. Let's start with Elon Musk
• 0:28
  himself pointing out a very, very, let's say, frightening
• 0:34
  fact about what is happening right now in our country.
• 0:38
  Elon tweeted this just the other day.
• 0:40
  Federal government spending will bankrupt the country unless
• 0:45
  action is taken to reduce government waste.
• 0:48
  But what is absolutely rattling to see is this chart right here.
• 0:54
  Let me make sure I've got that pulled up for my friends, the
• 0:57
  basement dwellers, which I do. Guys.
• 0:59
  This is the US national debt from the year 1900 through 2020,
• 1:05
  a 120 year history. If you look down near the
• 1:09
  bottom, you can see that for decades and decades it doesn't
• 1:12
  even register. And then look how the red lines
• 1:16
  increase. I mean, that is just absolutely
• 1:19
  insane. That, my friends, is a direct
• 1:23
  correlation to the value of the dollar.
• 1:26
  And when the value of the dollar goes down, that is a supportive
• 1:30
  factor for the price of gold, for the price of silver is,
• 1:34
  well, I would imagine that if we were to draw, hey, let's do a
• 1:39
  little drawing. What the heck?
• 1:41
  We like to do our coloring and what do you guys say?
• 1:45
  I bet your favorite color's green Today.
• 1:47
  We'll do green. If we were to draw the price of
• 1:53
  gold, The price of silver on the same chart, I, I bet it would
• 1:58
  look a lot like this, right? It would be taking off.
• 2:03
  It's unsustainable. What is going on with the debt?
• 2:06
  We talked about this a lot over the weekend.
• 2:09
  We have the 35 trillion, 400 billion in national debt in this
• 2:14
  country. That makes the interest expense
• 2:17
  get bigger. So when the interest expense
• 2:19
  gets bigger, that makes the deficit get bigger.
• 2:22
  When the deficit gets bigger, that makes the total debt level
• 2:25
  get bigger, which then feeds back into the interest expense
• 2:28
  getting even bigger, which makes the national deficit get even
• 2:32
  bigger. We are in a doom loop, OK, And
• 2:36
  that doom loop means one thing for your silver, one thing for
• 2:40
  your gold, likely one thing for your precious metal mining
• 2:44
  stocks as well. And that is as measured in U.S.
• 2:47
  dollars as the value of the dollar goes down, right?
• 2:52
  The value of your real assets will go up.
• 2:55
  Look, we love our country. I know I can speak for you as
• 2:57
  well. A lot of you are joining me from
• 2:59
  the United States of America. We love our country.
• 3:03
  We're disgusted with that chart that we just saw.
• 3:07
  But we're not going to put our heads in the sand, right?
• 3:09
  We're going to look at the big picture.
• 3:11
  Look, I'm a I'm a flag waving. Where is it?
• 3:13
  Right there, huh? I mean, I bought a self waving
• 3:16
  flag as part of my props for the basement.
• 3:19
  We love our country, but the fact is the dollar is in big,
• 3:22
  big trouble. It will be good for the value.
• 3:25
  Let's go to Ray Dalio. You know who Ray Dalio is?
• 3:28
  Hold on. Let me look at you.
• 3:30
  You're the most important part of the basement, right?
• 3:32
  300 of us already on a Sunday morning.
• 3:35
  It's getting crowded down here. Remember, basement dwellers,
• 3:38
  there's only going to be so much room in the basement.
• 3:43
  We can handle about 800 at a time.
• 3:46
  More people are going to want to join us.
• 3:48
  And that will mean the price of the metals will go up.
• 3:51
  But for now, it's a big deal that you are here.
• 3:53
  Yes, I see you. There's only one you.
• 3:55
  Thank you. Please subscribe to the channel.
• 3:58
  Give this a thumbs up that helps get the word out to more people
• 4:01
  and super chat. Super thanks are never, ever
• 4:04
  expected, but always much appreciated.
• 4:06
  But who's Ray Dalio? Ray Dalio?
• 4:09
  He doesn't get as much press coverage as let's say, Warren
• 4:13
  Buffett, right? Warren Buffett's like, for some
• 4:16
  reason the poster child of billionaires, but Ray Dalio's
• 4:22
  actually, in my opinion, smarter.
• 4:24
  He started Bridgewater Capital. I think it's the world's biggest
• 4:27
  hedge fund. This guy's super, super
• 4:30
  intelligent. Let's go see what Ray Dalio is
• 4:36
  scaring us, right? He is not real optimistic on
• 4:40
  what is going on in this country.
• 4:42
  And then we're gonna talk about Warren Buffett and what he has
• 4:45
  going on. Oh, by the way, we'll have a
• 4:49
  little quick fun here. This is what happens when the
• 4:51
  dollar goes down in value. OK, a Taco Bell commercial from
• 4:57
  2010. 89 cent beefy 5 layer burrito.
• 5:01
  OK, today, beefy 5 layer burrito.
• 5:05
  Same thing Went from $0.89, right?
• 5:08
  214 years later, $5.36, an absolute demonstration of how
• 5:15
  the dollar is losing value. I'd imagine in silver this would
• 5:20
  be you know, you'd get you probably could have gotten
• 5:22
  yourself, I don't know what 567 beefy 5 layer burritos back in
• 5:29
  2010 with an American Silver Eagle and today you can still
• 5:34
  get yourself 5 or 6 beefy vibe layer burritos with an American
• 5:39
  silver ego. I am not a foodie, but I really
• 5:43
  try to avoid. I don't know, do you feel that
• 5:45
  way? Like every time you eat at
• 5:46
  McDonald's or Taco Bell, I'm sorry, Burger King, but Burger
• 5:51
  King's the worst. I always feel like sick
• 5:53
  afterwards, but I know you're like me, basement dwellers.
• 5:56
  I'm always nice to the people in the drive throughs at the fast
• 6:00
  food restaurants. They're there working.
• 6:02
  Always be nice to those people. This is from the Daily Hodel.
• 6:05
  Billionaire Ray Dalio says that the 35 trillion new US national
• 6:10
  debt will not reverse. This is important, guys, and I'm
• 6:15
  going to give you the reasons why right now.
• 6:17
  And again, this feeds into the fact that unfortunately, those
• 6:20
  things, those paper Unicorn fart dust dollars, the picture of
• 6:24
  which you're looking at right now, will continue to lose
• 6:28
  value. They wouldn't have if we'd
• 6:29
  stayed on the gold standard. But we won't argue that point
• 6:32
  right now. Ray Dalio says America's
• 6:34
  national debt will continue to grow no matter who wins the race
• 6:40
  for the White House. Dalio says the fast approaching
• 6:43
  November election represents a crossroads for a number of
• 6:49
  critical issues, including taxation and the reach of the
• 6:53
  federal government. He's telling us, like we just
• 6:56
  talked about, the debt is not going away.
• 6:59
  The debt will, will, will, will kill the value of the US dollar.
• 7:04
  Unfortunately, it will be good for the value of silver and
• 7:08
  gold. The billionaire believes that
• 7:11
  the national debt is bound to be ignored.
• 7:14
  Oh yes, the national debt is bound to be ignored while the
• 7:19
  government uses inflationary policies to reduce the real
• 7:26
  burden of its debt. That's the key right there,
• 7:29
  guys. Inflation.
• 7:30
  They want to inflate away the debt, devalue the dollar.
• 7:35
  I promise. I promise you.
• 7:36
  I promise you. Stay with me here, please.
• 7:39
  I won't say it again, is the dollar D values the value, The
• 7:43
  real value of your gold and silver go up whether you measure
• 7:47
  it in beefy 5 layer burritos, gallons of gasoline, milk,
• 7:51
  bread, whatever, whatever floats your boat.
• 7:53
  Barbie dolls, who cares? OK, all right, we have listen to
• 7:56
  this. We have an enormous amount of
• 7:58
  debt and it's going to keep increasing.
• 8:00
  This is the red part here. And one man's debts are another
• 8:04
  man's liabilities. I mean that think about that,
• 8:08
  right? 35 trillion, 1 trillion is a
• 8:11
  million times a million, OK? the US alone has 35 trillion.
• 8:15
  The world has 300 trillion. I got a little secret for you,
• 8:20
  OK? It's impossible, absolutely,
• 8:23
  utterly impossible with the value right now, right?
• 8:27
  The quote UN quote value of the paper currencies that are not
• 8:31
  just in the United States, but around the world.
• 8:33
  There's no mathematical possible way that all that debt could
• 8:37
  ever get paid back with the currencies being valued where
• 8:39
  they are right now. The only option that the world
• 8:42
  has is to print money. OK.
• 8:46
  And that's what he goes on to next.
• 8:48
  Nobody's going to deal with the debt policy.
• 8:51
  That's going to end up, and I made these letters big.
• 8:55
  That's going to end up being monetized down the path.
• 8:59
  What that means in simple terms, this is big.
• 9:02
  There's Ray Dalio right there. Look him up, guys.
• 9:05
  He's the smartest guy in the room, OK.
• 9:08
  What that means is the Fed will have to print money in order to
• 9:13
  pay back the debt. So they will make money out of
• 9:16
  nothing, right? They're proud of that.
• 9:18
  Remember Ben Bernack? And they've asked them.
• 9:20
  Ben Bernanke. Remember.
• 9:22
  What's the other guy? Gomer.
• 9:24
  Gomer Powell. No.
• 9:25
  Jerome Powell. Surprise, surprise, surprise.
• 9:28
  What are we going to do when we can't pay the debt?
• 9:31
  We'll just print more money. That'll make the debt bigger.
• 9:35
  That'll make the value of the dollar go down.
• 9:37
  That will make you, you and me. We have 500 people in the
• 9:42
  basement. We only have room for 300 more.
• 9:45
  But we will be very, very happy. It's got to happen, guys.
• 9:51
  I mean, look, I could be wrong. Don't make any financial
• 9:55
  decisions. Don't decide to get engaged,
• 9:57
  adopt A puppy, do anything based on what I'm saying.
• 10:00
  But I'm telling you, right? Right.
• 10:02
  My calculator works. I happen to have a degree in
• 10:05
  accounting, believe it or not, and it is an inevitability that
• 10:09
  the value of the dollar is going to go down and the value of the,
• 10:13
  of the silver gold will go up. I lied.
• 10:15
  I said I wouldn't say it again, but I did because I'm a big fat
• 10:18
  liar. Well, I'll say it maybe one more
• 10:20
  time. Give myself a little leeway.
• 10:22
  We're in big trouble. Look, look, look.
• 10:25
  And it's not, it might be the stock market.
• 10:27
  Could you, could we see a stock market crash, a big correction?
• 10:33
  Oh my gosh, not the stock market.
• 10:35
  You know what everybody says, right?
• 10:37
  Peter Grandage calls it the don't worry be happy crowd.
• 10:40
  The stock market always goes up. It always goes up.
• 10:44
  Look, we're not that old of a country.
• 10:46
  It's a 270 year experiment. The stock market does it only
• 10:51
  goes up. It only goes up.
• 10:53
  BS has only been around since like the 1990s.
• 10:57
  We could be in for a big stock market crash and do we is are
• 11:00
  there reasons why? Yes, there are reasons why we
• 11:04
  should be concerned. Let me show you right here,
• 11:07
  right now, live in the basement. Let's go to here.
• 11:12
  Not that one. Next one.
• 11:15
  Make sure we got you on the right page, Albright basement
• 11:18
  dwellers. Hopefully you're not dizzy.
• 11:20
  We don't go to The Motley Fool very often, but when we do, it
• 11:23
  is powerful. And it says right here,
• 11:26
  billionaires, Warren Buffett, David Tepper and Terry Smith.
• 11:31
  Again, Warren Buffett is like the poster child, right?
• 11:34
  Everybody knows Warren Buffett. These other guys, Ray Dalio,
• 11:37
  David Tepper, Terry Smith are just as rich, just as
• 11:40
  successful. Well, maybe I don't know
• 11:42
  specifically, you can check that out.
• 11:43
  But these are billionaire guys. These are the smartest guys in
• 11:47
  the room. These are the big money guys.
• 11:48
  And they are sending a very clear warning, warning, warning
• 11:54
  to Wall Street. Are you paying attention?
• 11:57
  Motley Fool asks. You are you?
• 11:59
  Wait till you hear what these guys have to say.
• 12:02
  I mean, do what the smart guys. Central banks are buying gold,
• 12:06
  OK. Uh oh.
• 12:07
  Did I lose it? Nope, I didn't.
• 12:08
  All right, here we go. Right here.
• 12:11
  Let's go back up and look at the key points quickly.
• 12:14
  Although the Bulls have been firmly in control on Wall Street
• 12:17
  for nearly two years, optimism is not universal.
• 12:21
  This is a reason why we could have a big major market
• 12:23
  correction, a crash possibly. Warren Buffett's and David
• 12:27
  Tepper's Appaloosa and Terry Smith's Fundsmith have been
• 12:31
  decisive net sellers of equities.
• 12:33
  This is crazy. This is another reason why one
• 12:37
  time tested valuation metric finds that stocks have only been
• 12:41
  this pricey two time two other times in 153 years.
• 12:52
  There's your friend Warren. Everybody knows Warren Buffett.
• 12:54
  He's a good guy, rich. I'm not saying he's not smart,
• 12:57
  but he's not the only smart guy. Okay, hey, you're just as smart
• 13:00
  as Warren Buffett. So this is a good time for me to
• 13:02
  remind you of something critically important.
• 13:05
  And that is if you subscribe to the channel, you can leave
• 13:08
  comments in the comments section.
• 13:10
  You got a big, big brain, a good head on your shoulders.
• 13:14
  We can learn from you. Your opinion matters, you
• 13:17
  matter. Please subscribe to the channel,
• 13:19
  leave comments in the comments section and you could be
• 13:22
  featured on a live stream, which could, could, could be the
• 13:24
  catalyst for a fame and fortune. All right, the June and the
• 13:28
  quarter marked the what did, what did Warren, what would it
• 13:31
  mean if Warren Buffett sold stocks?
• 13:34
  Because in the June and a quarter, it marked the 2nd, 7th,
• 13:38
  sorry, consecutive quarter that Warren Buffett was a net seller
• 13:42
  of stocks. He sold almost 390,000,000
• 13:47
  shares of Apple, Oh my gosh, during the second quarter and
• 13:52
  north of 500 million shares in aggregate.
• 13:56
  Now these fancy words, aggregate means total since October of
• 14:00
  last year. So in the last year, he has sold
• 14:02
  500 million shares of Apple Computer.
• 14:05
  OK, He's selling, look, 131 billion in net stock sales.
• 14:10
  And you know what he's doing? He's putting it in cash, OK.
• 14:13
  He's not alone. David Tepper's Appaloosa closed
• 14:17
  out June with a with a 37 security investment portfolio
• 14:21
  worth $6 billion. During the quarter, his team
• 14:26
  added to nine of their positions, but reduced or
• 14:29
  completely sold his fund stake in 28 others.
• 14:34
  Amazon, Microsoft, Meta, NVIDIA, OK.
• 14:37
  And then finally U.S. stock picker extraordinaire Terry
• 14:42
  Smith ended the June end of June with a 40 stock portfolio worth
• 14:47
  roughly 25 billion. He added to his he added to just
• 14:51
  three of his stocks that he owned.
• 14:55
  Let me read, let me slow down. He added to his stakes in just
• 15:00
  three of his 40 stocks. So of the 40 stocks he had, he
• 15:05
  only added the three of them while reducing his funds
• 15:09
  position. So he sold 37, didn't sell all
• 15:13
  of them, but reduced his fund position.
• 15:15
  So what does this tell us about what to expect in the US stock
• 15:20
  market? These are the smartest guys in
• 15:22
  the room. And guess what?
• 15:23
  I got more for you later because we're going to hear from Ray
• 15:26
  Dalio specifically about gold and silver.
• 15:30
  We're also going to hear a little comment from Warren
• 15:32
  Buffett, specifically about gold and silver because, guys, we're
• 15:37
  in trouble. I got to pull this one up.
• 15:39
  This comes from our friend Don Indris.
• 15:42
  And this is not a political statement, OK?
• 15:45
  It just happens that Joe Biden's been our president for the last
• 15:48
  four years. This says here, this is
• 15:50
  hilarious. If Build Back Better was a beer,
• 15:56
  it'd be nothing but foam and right and a little bit of beer
• 15:59
  on the bottom. Again, not a political
• 16:01
  statement, but what this shows is government spending because
• 16:05
  they have put us in such a horrific financial situation in
• 16:09
  this country, it's getting less bang for the buck.
• 16:13
  That's what that represents, right?
• 16:14
  All any, any new big programs they put out aren't really
• 16:18
  generating any type of economic growth.
• 16:21
  It went when we were in a better financial situation in this
• 16:24
  country. They could.
• 16:26
  And they abused this ability after the after the tech bubble
• 16:30
  burst during the great financial crisis, right?
• 16:32
  Oh, we can just print it. Back then, there was more a
• 16:36
  power to what they were doing. Now, right now, the government
• 16:40
  says we're going to spend 5 trillion.
• 16:41
  It doesn't really generate any net benefit to the economy.
• 16:45
  We are up a Creek without a paddle.
• 16:47
  Remember the doom loop? If you're good boys and girls,
• 16:50
  buttercup, that's the term of endearment.
• 16:52
  I might just pull up the US debt clock later.
• 16:55
  Isn't it always fun? All those numbers we need to see
• 16:57
  if we're at 35 trillion, 400 billion.
• 17:00
  Somebody remind me to do that later, please.
• 17:02
  OK, so now the big news, because remember they have screwed this
• 17:10
  situation up so bad. The big news of last week, the
• 17:13
  half point rate cut, blah, blah, blah.
• 17:16
  I got a great piece of information from another
• 17:20
  subscriber, Chris B, we'll call him Mr. Chris B and he brought
• 17:24
  up some great, great points. OK, because guys, we are in
• 17:29
  stagflation. Hold, let me look you in the
• 17:31
  eye. We are in stagflation right now.
• 17:38
  I'm going to tell you the reasons why here in a second.
• 17:42
  But what's critical for you to remember as we go through this
• 17:45
  conversation as we walk down the stagflation path together is
• 17:50
  that as a silver and gold investor, it's like a path that
• 17:54
  goes through a beautiful green Meadow with wildflowers and
• 17:57
  butterflies and little unicorns flying around the stagflation
• 18:01
  path. If in your pockets you have some
• 18:05
  silver and gold because there is no other environment that is
• 18:08
  more it is the best in stagflation is like is like an
• 18:13
  all you can eat dessert buffet for a 12 year old kid.
• 18:17
  If you're a silver and gold investor.
• 18:21
  Briefly in the 1970's, the last time we had stagflation in this
• 18:24
  country, gold and silver, I'll just put it this way,
• 18:28
  skyrocketed. No guarantee that that's going
• 18:31
  to happen again, but I believe it to be very, very likely.
• 18:34
  I think you, come on, join me, are going to have a big, big
• 18:38
  smile on your face. Let's go to see what Chris B
• 18:40
  said this had to do with the rate cuts.
• 18:43
  OK, He said think about why and how the half point reduction
• 18:48
  will not reduce unemployment. Hold on, Susie's calling me Yes
• 18:56
  dear, if. You recognize Jasper for his
• 19:00
  super chat and you have over 200 likes.
• 19:03
  OK, Thank you. Over.
• 19:04
  Thank you for the Super chat. I'll pull that up in a little
• 19:06
  bit and I'm going to ring the cowbell because we got 200 likes
• 19:11
  and that's a tradition that US basement dwellers do.
• 19:13
  That's the last call because we can only fit 800 people and we
• 19:17
  have 730 right now. Think about why and how the half
• 19:21
  point reduction will not reduce unemployment, right?
• 19:24
  And unemployment's already low. The slaves are fully employed.
• 19:31
  I'm sorry, there's no other way to say it.
• 19:33
  I mean, it feels like America's become a, an overall slave labor
• 19:38
  economy. And I don't use that word
• 19:39
  lightly, right? I mean, it really has think
• 19:42
  about why and how the half point reduction will not increase
• 19:47
  economic growth like we just talked about with the with the
• 19:50
  beer. That's nothing but foam, right?
• 19:52
  These these moves that the Fed, the Fed has lost their power,
• 19:56
  but not all of it. I'm not going to say that, but
• 19:58
  they've lost a lot of their power.
• 20:01
  Chris B then says this is how you can build your case for
• 20:06
  stagflation. So we're in an environment where
• 20:10
  everybody's employed still. OK, Lowering interest rates
• 20:14
  isn't going to can't make that, that that lemons already been
• 20:17
  squeezed. Think about that.
• 20:19
  They're not lowering rates because because we have high
• 20:23
  unemployment, they're not. And supposedly we're not in a
• 20:26
  recession. Yes.
• 20:28
  OK. The whole thing has become such
• 20:31
  a cluster bomb, OK? Such an utter cluster bomb.
• 20:34
  Right now. They're lowering rates.
• 20:37
  People are fully, quote UN quote, employed, earning dollars
• 20:41
  that are worth a lot less, OK? That's going to make inflation
• 20:46
  way, way worse, while at the same time, OK, at the same time,
• 20:51
  we know that at best the economy is sputtering, OK.
• 20:56
  I think we're at least in a recession right now.
• 20:59
  And I think if you talk to some of your fellow Americans, how do
• 21:03
  you feel about it? Some people are even using the D
• 21:06
  word depression. You know, I think if the right
• 21:11
  set of circumstances come about, we could officially be in a
• 21:14
  depression. But we are in a situation where
• 21:16
  we have a stagnant economy and we have inflation.
• 21:21
  That is stagflation. Remember, that's the the
• 21:24
  beautiful, that's the yellow brick road for you silver and
• 21:28
  gold investor, the road of stagflation, all commodities.
• 21:32
  But you can't beat what it's going to do for the value of
• 21:36
  your silver and gold. And guess what?
• 21:38
  I got another secret for you. Remember how I said, remember
• 21:42
  how I said this guy, right? Jerome Powell, They're losing
• 21:46
  some of their power. That's because, and this is a
• 21:49
  basement dweller exclusive, I call it geopolitical inflation,
• 21:54
  right? The BRICS countries, the world
• 21:57
  by moving away from the dollar de dollarization.
• 22:02
  I was talking with coin shop Chris.
• 22:04
  He was like, we were looking at the IT when we had big spikes in
• 22:08
  the silver price and you know, it was like we didn't have the
• 22:11
  bricks back then in 2011, right? Or it was like nothing, right?
• 22:16
  We didn't have the bricks. We didn't have the massive
• 22:19
  national debt. That's a whole different story.
• 22:21
  We'll go there, I'm sure a little bit later, right?
• 22:25
  Think about how different things are now as now we're moving.
• 22:28
  We have what I call geopolitical inflation that's gonna hit us.
• 22:31
  We got 800 people. No more people are allowed in
• 22:33
  the basement. It's too crowded.
• 22:36
  Okay, that's what listen, that's six months from now.
• 22:40
  They're going to be banging on the door wishing they had joined
• 22:43
  us down here earlier and gotten their paws on some gold and
• 22:47
  silver. OK, congratulations, you're
• 22:49
  ahead of the crowd. Sometimes being ahead of the
• 22:51
  crowd can feel like being a little bit wrong, OK?
• 22:54
  Being early can feel like being wrong.
• 22:56
  And we felt that six months ago. Remember back in October of last
• 23:01
  year, like a year ago right now, I think gold was at 1800.
• 23:07
  Congratulations, Gold is now at 2600, right?
• 23:10
  We'll look at silver. Silver, same thing.
• 23:13
  Silver's ready to blast off, baby.
• 23:16
  I know. Let me get back on track.
• 23:18
  Geopolitical inflation, inflation, inflation, inflation.
• 23:23
  You're going to, you're going to be ready, right?
• 23:25
  Get ready to get sick of hearing that word and they'll start
• 23:28
  using my term geopolitical inflation.
• 23:30
  And we'll know that we said it first because there's an
• 23:32
  inflationary force coming at the United States from the rest of
• 23:37
  the world sending the dollars back, sending the debt back.
• 23:40
  Sorry, guys. We don't want it anymore.
• 23:42
  And guess who can't control that?
• 23:44
  Gomer Pyle, this guy, he OK. For those of you who are new,
• 23:52
  his name is Jerome Powell. He lives in a box.
• 23:55
  This is the stagflation box. He's got a recession on one side
• 23:59
  and inflation on the other. There's nothing they can do
• 24:04
  about it. We are in new territory.
• 24:06
  So buckle up, buttercup. OK, I don't joke around.
• 24:10
  That's a word. It's a term of endearment.
• 24:12
  It's going to be a big deal because the dollar will continue
• 24:16
  to go down in value. This is what it this is.
• 24:19
  Let's take a little break and have a little fun.
• 24:21
  You ready for a smile? It's really not a smile.
• 24:23
  This is actually, this is a tragedy about what's happening
• 24:28
  to the younger generations in this country.
• 24:31
  I have twin 12 year old daughters.
• 24:33
  I worry maybe you have children, grandchildren, neighbor kids, I
• 24:36
  don't know, kids, the local, these kids are coming into a
• 24:40
  world that is going to be vastly different than what we
• 24:43
  experienced. And this is, I think probably
• 24:46
  one of the best. It's funny in a very sad way,
• 24:51
  but I think this sums it up. If it's the right one, yes.
• 24:56
  Hold on. I want to give credit to whoever
• 24:59
  put this on Twitter. Fight with the memes.
• 25:03
  A lot of people are going to be struggling in the coming years.
• 25:06
  All right? This.
• 25:07
  I mean, this is it, right? My parents at my age, let's buy
• 25:11
  this house. Yes, OK.
• 25:13
  This is me at my age. This is a younger American.
• 25:16
  The check engine light comes on in their car.
• 25:18
  I will never financially recover from this.
• 25:23
  Don't you hate those things? We have a 2012 Honda Odyssey.
• 25:28
  I'm going to hold on, knock on wood and a 2012 Toyota Camry
• 25:34
  hybrid, right with 40,000 miles and the engine light comes on
• 25:38
  every once in a while. Those things give me a heart
• 25:39
  attack. I'm like, Oh no, you know, the
• 25:42
  one comes on. You can buy a little thing.
• 25:44
  I think mine's called fix it. My daddy gave it to me and plug
• 25:47
  it in and on my phone it'll tell me our Camry has this problem
• 25:51
  with the thermostat. And I got a buddy works for
• 25:53
  Toyota, and he's like, hey, you looked it up.
• 25:55
  But he's a great guy. I love him.
• 25:57
  And he was like, yeah, it's like 450 bucks to put in.
• 26:00
  Needs a new thermostat. Because it's not that it lets
• 26:03
  the engine get too hot, it's that it doesn't let the engine
• 26:06
  warm up fast enough. I guess it stays open anyway.
• 26:10
  Those things can give you a heart attack.
• 26:12
  I wish they didn't have them, you know, that and the tire
• 26:14
  lights and whatever. So.
• 26:16
  But that's a good indication of what's going on with the younger
• 26:19
  generation in this country, right?
• 26:22
  They're not thinking about buying houses.
• 26:23
  They're thinking about how they can get a basic repair done on
• 26:26
  their cars. You know, one of a great friend
• 26:30
  of the channel. I'll respect his privacy because
• 26:33
  I didn't get his permission to share this.
• 26:34
  I called me today. He's like, yeah, my, I'm trying
• 26:36
  to help my grandma out. She's got to get a repair done
• 26:39
  on her, on her toy, on her Toyota.
• 26:41
  Toyotas are great cars. I love Toyotas. 2400 bucks for
• 26:45
  like an air conditioning repair. I mean, it's crazy.
• 26:48
  Anyway, I digress. Everything is synthetic.
• 26:53
  They have screwed this system up so bad, so bad, right?
• 26:57
  It's bubble gum, duct tape, shoe goo, you know, some some dog
• 27:04
  boogers. It's like I mean they've really
• 27:06
  screwed it up. It is fake.
• 27:08
  It is this this, right? It's got to make its daily
• 27:11
  appearance right there it goes Woo Hoo, right confidence.
• 27:15
  I don't know, it's not ugly, but let's talk about a potential
• 27:19
  near term situation that could be catastrophic to the United
• 27:24
  States economy, OK? And I'm not talking about the
• 27:28
  potential government shutdown. This is something else that that
• 27:31
  very few people are talking about, but it's on the near term
• 27:35
  horizon. We got a great piece from our
• 27:39
  friend Don Indris, big friend of the channel.
• 27:42
  He sent this to me. He actually wrote this himself.
• 27:45
  Here we go. In about 10 days.
• 27:48
  Hold on. Hopefully we're still alive, OK?
• 27:52
  Yeah, In about 10 days, there may be a longshoremen strike.
• 27:57
  OK. And that means things might
• 27:59
  start backing up in the supply chain.
• 28:01
  The longshoremen are the union guys that work at the big ports
• 28:05
  on the coast that unload all the all the big container ships that
• 28:09
  bring us all of our cheap Chinese goods, all that good
• 28:12
  stuff. OK, they may be going on strike.
• 28:15
  Things could start backing up in the supply chain.
• 28:17
  The ships from coming into the port, deliver their cargo, will
• 28:21
  be stuck out at anchor waiting for the docks to reopen.
• 28:25
  Why is this a big deal? Because guys, this could shut
• 28:28
  down big parts of the US economy if they strike for a week.
• 28:33
  These are the reasons why it's a big deal.
• 28:35
  Things will be backed up for a month if they strike for two
• 28:40
  weeks and we're looking at a major snafu in the supply
• 28:44
  chains. Remember the beginning of C19,
• 28:47
  right? Well, we could be seeing a
• 28:49
  repeat of stores running out of everything again in two weeks,
• 28:55
  he says. I'm stuck stocking up on meats,
• 28:57
  butter, flour in the freezer, extra toilet paper and paper
• 29:00
  towels, plenty of alcohol, and just about anything else I would
• 29:05
  need. OK, all right, hold on.
• 29:08
  I think the strike would send gold to $3000 faster than anyone
• 29:13
  might realize. Silver is still being.
• 29:15
  This is Don the brain, by the way.
• 29:17
  That's why I used to refer to him as Don Indris being heavily
• 29:20
  manipulated. But when it when it runs out,
• 29:23
  they can't keep building things with paper silver.
• 29:27
  Thank you, Don, for that alert. Right, guys, we need to be on
• 29:30
  top of this. This could be a major remember
• 29:34
  that the big problem now is the supply chain.
• 29:36
  The way we get things. It's so sensitive, everything's
• 29:40
  just in time, whatever that we could be good, good, good.
• 29:43
  I don't want to say the Sky's falling, but I actually saw a
• 29:46
  report on this on the mainstream media.
• 29:48
  This is a big deal that we need to stay on top of.
• 29:54
  Let's shift over. And talk about gold and silver
• 29:58
  and I'm gold is the ultimate silver are the ultimate forms of
• 30:03
  financial privacy, OK? On top of that, On top of that,
• 30:08
  this will bring a smile to your face.
• 30:10
  Gold and silver investors, they're the oldest markets in
• 30:14
  the world. They're the wisest, OK, Because
• 30:16
  they're the oldest, they see further out into the future than
• 30:19
  any other market, right? With age comes wisdom, but
• 30:23
  they're also the biggest markets in the world, and I'm going to
• 30:26
  tell you the reasons why right now.
• 30:28
  Let's go back. We aren't going to repeat what
• 30:30
  we talked about yesterday, but we have some more information.
• 30:33
  This is a great article from a guy who's been Mike Mihari from
• 30:39
  Money Metals Exchange. He's been in the basement
• 30:41
  before. I did an interview with him a
• 30:43
  while back. India reports this is a big
• 30:46
  story, but this is not the real big story.
• 30:48
  I'm going to give you those reasons here in a second.
• 30:50
  India reports record gold imports in August.
• 30:57
  India reported record gold imports in August after the
• 31:00
  country slashed its import duty. Oh, yeah, just record India the
• 31:04
  biggest gold country in the world.
• 31:05
  Don't forget they have 25,000 metric tons.
• 31:08
  We talked about that yesterday. I'm going to talk about what I
• 31:11
  have in red. That's new for today.
• 31:14
  No, that's not so far. Up 3030% up in 2024.
• 31:19
  Hold on, here we go. OK, I can't help, but I can't
• 31:24
  help us basement dwellers. India's the precious metals
• 31:26
  capital of the world according to US basement dwellers and
• 31:29
  Ron's basement. That is if you agree with me.
• 31:31
  If you don't agree with me, tell me the reasons why and put it in
• 31:34
  the comments or send me an e-mail.
• 31:36
  I truly know that India is the precious metals capital of the
• 31:42
  world, OK? They got three times their
• 31:45
  houses and their houses at least three times the amount of gold
• 31:49
  that we supposedly have at fart docks, OK?
• 31:52
  And that number's actually probably higher because that's
• 31:55
  the official number, that 25,000 metric tons.
• 31:59
  Let's, let's, let's shift over to silver just just so I can
• 32:02
  give you this reason why I know that India is the precious
• 32:06
  metals capital of the world, OK. And we'll come back because we
• 32:11
  got some startling information about gold.
• 32:13
  I'm not forgetting about you. But this is from yesterday.
• 32:16
  Breaking news. India just imported 45,000,000
• 32:20
  ounces of silver in the month of August alone.
• 32:26
  If you were to annualize that amount, 500 and it comes to 540
• 32:30
  million, that's 2/3 of the world's production of silver.
• 32:36
  The global silver mining supply, all the silver ever made.
• 32:40
  Silver, silver, silver. OK, undoubtedly, right?
• 32:44
  That's India with silver, one country, right?
• 32:48
  And I mean, the real number is I think they'd imported like 225
• 32:52
  million oz already. Now it's probably up to what,
• 32:55
  200? And I don't know, I'll have to
• 32:56
  look that up. But India alone this year has
• 33:00
  probably imported almost half, somewhere between 1/3 and 1/2 of
• 33:05
  the world's silver production, the entire world silver
• 33:09
  production. OK, back to this.
• 33:12
  Let's hear what an Indian economist though said.
• 33:15
  He told the Times of India that the push to accumulate gold was
• 33:19
  based on both political and economic factors.
• 33:22
  He said the reliability this they had record gold imports.
• 33:25
  Guys, listen to this. He said that the reliability of
• 33:30
  the US dollar has quote, UN quote, diminished.
• 33:34
  Remember geopolitical inflation, like we talked about earlier,
• 33:38
  those Indians that bought the record amount of gold, they had
• 33:41
  a choice. Am I going to buy gold?
• 33:43
  Am I going to buy obviously silver or am I going to store my
• 33:48
  wealth in U.S. dollars? What did they choose?
• 33:51
  Right? They're they're part of this
• 33:53
  gold and silver market. They chose gold, they chose
• 33:56
  silver, he noted. This is an Indian.
• 34:00
  Economist. The quote UN quote.
• 34:03
  Noticeable decline in the confidence in U.S. dollar
• 34:09
  assets. What are we?
• 34:13
  Reading You need to ring the gong. 300 OK, I was just doing.
• 34:19
  A dramatic pause and Susie told me we got more to talk about
• 34:22
  that. I need to ring the gong for 300.
• 34:24
  I will ring the that stuff you haven't.
• 34:27
  Already. Oh, yeah.
• 34:27
  Thank you. OK, OK.
• 34:29
  That's Susie on the walkie-talkie from her secret
• 34:32
  lair. OK, I need, I'm going to ring
• 34:34
  the gong and thank Jasper. I want to finish this.
• 34:38
  He noted noticeable decline in the confidence in U.S. dollar
• 34:42
  assets. Guys, India's huge 1.4 billion
• 34:45
  people. India's economy is huge, growing
• 34:48
  quickly. India will have, I think it's
• 34:52
  100 million people entering the consumer class over the next 5
• 34:56
  or 10 years. The statistics are alarming.
• 35:00
  And they are moving their money to gold and silver.
• 35:03
  And other economists told the Times it makes a lot of sense to
• 35:07
  invest in gold, giving the increased volatility in the FX
• 35:11
  market. That's the dollar market, the
• 35:13
  foreign exchange market, elevated interest rates in the
• 35:17
  US And of course, also the central banks in each economy
• 35:20
  would like to diversify the asset classes in which they are
• 35:24
  parking their reserves. OK, we're overloaded.
• 35:28
  We almost have 1000 people in the basement.
• 35:30
  I need to say thank you and then we're going to hear, we're going
• 35:34
  to hear about $3000 gold and the reasons why we're going to get
• 35:39
  $3000 gold. Could it be coming to a town
• 35:43
  near you sooner as opposed to later?
• 35:46
  First, let's say thank you to our friend Jasper and that is
• 35:51
  DKKI. Think that's Swedish money.
• 35:53
  Thanks Rod for working so hard. You're very welcome and I
• 35:56
  appreciate you by giving me the the the Super chat.
• 36:00
  I appreciate you giving me the kind words.
• 36:01
  OK now oh, I got to ring the gong.
• 36:05
  I'll do that at the end. Let's talk about.
• 36:08
  Let's talk about. Well, I got more Here we have a
• 36:13
  we have a another subscriber comment.
• 36:15
  What's going to happen to the price of silver?
• 36:18
  There's coin shop Chris's. Here we go.
• 36:21
  Here's a subscriber comment from Terry Dilorenzo.
• 36:25
  I didn't know this guys. Maybe you can corroborate.
• 36:28
  The shorts on silver contracts on the Comex are near a record
• 36:34
  low. Every time this happens, silver
• 36:37
  shoots higher everywhere we look.
• 36:40
  Thank you for that update there, Mr. Terry.
• 36:43
  Guys, everywhere we look, everything we look at when it
• 36:46
  comes to silver, let me give you a couple of reasons why silver
• 36:50
  can shoot higher. Real good reasons here quickly.
• 36:54
  OK there. Did you read that?
• 36:56
  Read that. See that silver goes from $30.00
• 37:01
  and we made this before it was a $30 to $44.00 by Christmas.
• 37:07
  OK, that's the price of silver going up there.
• 37:10
  Ain't nobody wanting to sell, OK, over $30.
• 37:14
  They've already sold. We've already been about $30.
• 37:16
  Two other times we had a double top.
• 37:20
  When we get through 32, I think technically that's a AAA triple
• 37:24
  top. It's very rare you have a triple
• 37:26
  top and come back down. Usually you shoot through.
• 37:29
  The same thing happened with gold.
• 37:30
  I think gold did have a treble top and then went through on the
• 37:32
  fourth time. But that ain't gonna happen for
• 37:34
  silver because gold is already so much higher.
• 37:37
  This thing right here, these are the reasons why silver's gonna
• 37:41
  take off. This is the gold price.
• 37:44
  The silver truck is the silver price.
• 37:46
  Gold is, let me go back gold, right?
• 37:49
  The gold is taken off and that's a giant bungee cord and silver's
• 37:53
  back here at $32, right? That's going to happen.
• 37:58
  I put my toys away. We got the 45 year cup and
• 38:06
  handle in the silver price. We got new stackers.
• 38:09
  We have Western investors coming in.
• 38:11
  These are the reasons why silver is going to take off Hold on.
• 38:14
  We got more China and India investors coming in.
• 38:18
  The investors are what are going to drive the price of silver.
• 38:22
  The guy Christian from CPM Group has said it.
• 38:25
  Our good friend Phil Streibel from Blue Line Futures said it
• 38:28
  right. Everybody sees it right.
• 38:30
  Higher prices for silver. Industrial demand.
• 38:33
  Industrial demand for silver. Or you can we got 1000 people in
• 38:37
  the basement. Thank you guys.
• 38:38
  Industrial demand, are you? I've never heard of that, OK
• 38:44
  Solar panels, electronics, you know, that whole story, OK.
• 38:48
  The dollar, just the just the just the underlying fundamental
• 38:51
  factor, the US debt, the US deficits, the interest expense,
• 38:56
  the unfunded liabilities, all that stuff.
• 38:59
  OK. We haven't talked about.
• 39:02
  This in like 3 weeks. The number one producer of
• 39:05
  silver in the world is Mexico. I love Mexico.
• 39:08
  I love Mexican people. They're wonderful.
• 39:11
  Right? But the Mexican government is
• 39:12
  anti mining. Mexico produces the lion's share
• 39:16
  of the world silver. They're talking about outlawing
• 39:20
  open pit silver mining. Hello.
• 39:24
  Hello. That's the world's biggest
• 39:26
  supplier of silver. So demand for silver's going up.
• 39:30
  The supply from the mines is already going down, but it could
• 39:33
  really go down. Buckle up, buttercup, right?
• 39:37
  These are the reasons why we're going to put some boots on the
• 39:39
  warehouse floor. When it comes to the silver
• 39:43
  price, the dollar look, this is the one this this will make you
• 39:46
  feel warm and fuzzy. From 2001 through 2011, the
• 39:50
  silver price went from like 4 bucks to 50 bucks only up like
• 39:54
  1210. Whatever. 10 XA 1000% not 100
• 39:58
  percent 1000%. And what happened during?
• 40:02
  That period was a bear market in the US dollar and we could
• 40:07
  we're, we're, we're it still the dollar that has come down the
• 40:10
  DXY index, the prettiest car in the used car lot none the less,
• 40:18
  right. We can see it again.
• 40:20
  We're still very high. the US dollar can go down.
• 40:23
  We could have a 10 year bull run.
• 40:25
  I talked with Keith Newmeyer. This was the second last time I
• 40:28
  talked to him, he talked about this bull run.
• 40:31
  It was right after the tech bubble burst.
• 40:33
  Could we have a could we have a tech bubble right now?
• 40:37
  Do you think, do you think tech stocks are only more richly
• 40:42
  valued right now than they were during the 1999 two thousand
• 40:47
  tech bubble? No, no, we don't have a tech
• 40:50
  bubble. No, no.
• 40:52
  What happened when the last tech bubble went bursty?
• 40:55
  Bursty, right? The price of silver and gold
• 40:57
  went exploding. Exploding to the upside.
• 41:03
  We could have AUS. Debt crisis, we could have, we
• 41:05
  got the geopolitical situation, we got the Oh my gosh.
• 41:10
  Oh man, I just remembered something.
• 41:12
  There's a bricks meeting. Hey, today's September.
• 41:17
  It's one month, the bricks meeting.
• 41:21
  I don't think we're invited. the United States, no, Right, OK.
• 41:25
  And we could see massive, massive news coming out of that.
• 41:29
  Some people are speculating that we could see news about a new
• 41:34
  gold backed currency. So if you want to get your hands
• 41:37
  on some gold, silver, platinum group metals before the price
• 41:41
  could continue much higher, please support channel sponsor
• 41:43
  Pembex Pi MB EX. You know, I've worked with them
• 41:48
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• 41:51
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• 41:53
  mail from Pembex or something unique about it, it always
• 41:56
  weighs a little more as compared to if you'd bought that same
• 42:00
  amount of silver or use the same amount of money to buy silver
• 42:05
  from some of the other big online bullion dealers.
• 42:08
  Because Pembex has ultra competitive pricing.
• 42:11
  That means when you get that package, you know that it may be
• 42:13
  weighs 234 depending how much silver you bought 5 oz more than
• 42:18
  if you'd spent the same amount of money at one of the other big
• 42:20
  online bullion dealers. But what makes you feel even
• 42:23
  better, right? What makes is that you know
• 42:25
  you're working with a company you can trust, but you need to
• 42:28
  find that out for yourself. I'm not telling you what to do.
• 42:30
  I'm just saying you may benefit. You may benefit from considering
• 42:36
  giving Pembex a shot. Do your own due diligence.
• 42:39
  Also, if you ever go to convert part or all of an IRA, I'm going
• 42:44
  to look you in the eye. This is critically important.
• 42:47
  Shop around and please include pin backs in that process of
• 42:51
  shopping around. You might just be shocked.
• 42:54
  OK, compare how many actual ounces of silver and gold you're
• 42:56
  getting. Because I got news for you,
• 42:58
  buttercup. Despite what they're telling
• 43:00
  you, the high paid celebrity people, there's no such thing as
• 43:04
  $15,000 in free silver. I hate the burst the bubble.
• 43:07
  OK. All right, let's move on here.
• 43:13
  This was great. From Dave Earfley, the junior
• 43:16
  Mining junkie. I'm going to cover some
• 43:18
  information he did the other day, but what a great cartoon.
• 43:21
  Here we go. Here, let's look at this here,
• 43:24
  click bait, $550 silver. Are you out of your mind?
• 43:34
  OK, thank you, Susie. Thank you for that reminder,
• 43:36
  $550 silver. But here, this is even better
• 43:40
  gold. In case of.
• 43:44
  Economic uncertainty. Break the glass.
• 43:47
  Get your gold. OK, I mean, that just sums it
• 43:50
  up. All right, We're going to talk
• 43:52
  about $3000 gold. The reasons why?
• 43:56
  We're going to talk about $44.00 silver.
• 43:59
  The reasons why. Before I do that, I need to ring
• 44:01
  the golden gong as a symbol of our camaraderie and appreciation
• 44:06
  for each other. Here we go.
• 44:20
  Put that down there with. The other toys.
• 44:22
  This comes from an interesting article I got hold on here from.
• 44:33
  Here it is. Alpha investment news, a new
• 44:37
  gold rush. Let's hear, let's hear what the
• 44:41
  big banks. Let's just do a quick they, they
• 44:43
  go through again. This is AA alphainews.com alpha
• 44:49
  investment news. They go through the reasons why
• 44:51
  gold, a new gold rush and silver rush, OK?
• 44:54
  They go through the macro reasons, right?
• 44:56
  the US dollar. We've talked about all that.
• 44:59
  We're not going to cover that. They talk about real interest
• 45:04
  rates, the Fed, blah, blah, blah.
• 45:07
  This Hold on, I'm going to get to the good part.
• 45:11
  Big banks. Here's here Goldman Sachs, let's
• 45:14
  let's talk about these are the big banks.
• 45:16
  It is important what they say. We may not like them.
• 45:19
  Nonetheless, we need to pay attention to what they're
• 45:21
  saying. They have a $2700 price target
• 45:24
  for early 2025 on gold. They say, quote gold stands out
• 45:29
  as the commodity where we have the highest confidence in near
• 45:33
  term upside. Imminent Fed rate cuts are are
• 45:37
  poised to bring Western capital back into the gold market.
• 45:41
  Remember what we learned from Phil Streibel at Blue Line that
• 45:45
  typically after the Fed cuts rates, it takes about a month
• 45:49
  later and that's when Western gold and silver ETF inflows
• 45:53
  increase. Bank of America said this.
• 45:57
  They piggybacked on Goldman Sachs.
• 45:59
  Do what the central banks are doing, buy gold.
• 46:02
  Gold is now the second largest reserve asset and has one of the
• 46:07
  lowest correlations to stocks across all assets.
• 46:12
  OK, hold on. Let me look you in the eye.
• 46:17
  We are in the showdown at the OK Corral.
• 46:21
  We've got here it is. We got this in one corner and
• 46:27
  this beautiful one ounce silver representing that's from Big 10,
• 46:33
  the silvershire beautiful, what a beautiful coin, right,
• 46:36
  representing precious metals. This is in one corner, this is
• 46:40
  in the other. It is really happening.
• 46:42
  Bank of America, the groundbreaking news brought up
• 46:45
  the fact that that that gold is now the world's second largest
• 46:50
  reserve asset, second only to the US dollar.
• 46:53
  OK, look, the dollar still from a percentage perspective
• 46:56
  dominates, but this is growing. And think about think about the
• 46:59
  fight that's going on, right? You got the dollar been around
• 47:03
  for 200 years and during those 200 years has proven, I mean,
• 47:09
  that it just loses value, right, consistently, right.
• 47:13
  That's one corner and the other corner you've got precious
• 47:16
  metals. Oh, they've been around for 5000
• 47:19
  years and they have a perfect record of maintaining their
• 47:23
  value. Yes, this exact same silver,
• 47:27
  right? This this exact same.
• 47:29
  OK, It was not in this form. It's been melted and turned back
• 47:33
  into this beautiful silver round.
• 47:34
  But this exact same silver. I know that I know this because
• 47:38
  I've talked to it and I've listened to it.
• 47:40
  This exact same silver was around during the Roman Empire,
• 47:44
  OK? And you know what?
• 47:45
  It bought back then with $30.00 with, with one ounce of silver.
• 47:49
  I'm sorry. It bought a really nice meal
• 47:53
  back in the Roman Empire, OK, It it told me that.
• 47:56
  Then it got melted down and big time.
• 47:58
  The silvershire gave it to me. You know what it buys today?
• 48:01
  This exact same silver. It'd buy me a really nice meal
• 48:05
  today. Think about that.
• 48:08
  OK, Think about that. So you've got precious metals in
• 48:12
  one corner versus this in the other corner.
• 48:16
  Ready for a big fight OK guess what final point Mic drop this
• 48:22
  fight that this this versus this precious metals versus the
• 48:27
  dollar OK this is this is the dollar's first and only time
• 48:31
  doing it this. Hold on, let's.
• 48:35
  Look at the back, there's a pretty eagle.
• 48:39
  This has been. OK, I'll blow.
• 48:43
  The thank you, Susie. I'll blow the train whistle.
• 48:45
  This, this beauty, precious metals has been in the same
• 48:50
  fight. It was any form whatever other
• 48:54
  Fiat currency hundreds and hundreds of times.
• 48:58
  OK, it's the dollar is just the Johnny come lately the the this
• 49:03
  is fought against the German, whatever it was called doing at
• 49:06
  the Deutsche Mark. But you know, during the
• 49:07
  hyperinflationary periods, it's fought against the Roman
• 49:09
  currencies, Greek currencies, Chinese paper currencies, all
• 49:13
  kinds of this has been in the same fight.
• 49:15
  And guess what? This has a perfect record, an
• 49:20
  absolute perfect. Come on focus.
• 49:24
  Anyway, perfect record. That's what's happening.
• 49:26
  Let me blow the train whistle and then we're going to get back
• 49:28
  to that article. But the reasons why we're going
• 49:30
  to get $3000. Well, thank you again, Don
• 49:34
  Indress, He's responsible for the train whistle.
• 49:37
  And we're going to look today. We're going to do, we're going
• 49:42
  to do flag man protect the train rear, which is 1 long and three
• 49:46
  shorts. OK, we got 4. 100 thumbs up.
• 49:59
  No more whistles, no more any of that stuff.
• 50:03
  Let's get back to the. Article.
• 50:07
  OK. And so that's bank.
• 50:12
  Of America and finally, oh, this shows household investors have
• 50:19
  missed the rally to all time highs in gold.
• 50:22
  OK, so the dark blue line that you see there is the Spot gold
• 50:27
  price right there it is there's the the scale on the other side,
• 50:30
  obviously going up, up, up through the roof.
• 50:34
  The light blue line are ETF holdings, right.
• 50:37
  That was through early 2024. That's actually started to loop
• 50:41
  up a little bit, but see how this always follows.
• 50:45
  So what we're going to see is more ETF money coming in and as
• 50:49
  a result of that, potentially even much higher gold prices.
• 50:53
  OK, Citigroup our friends and Citigroup, they have upped the
• 50:57
  ante with a $3000 gold price target for 2025.
• 51:03
  In July, they said that it's models predict central banks
• 51:06
  will buy roughly 1100 tons in 2024, A 6% year on year increase
• 51:11
  with upside north of 1250 tons. They say we.
• 51:16
  Remain constructive. On gold physical uptake over the
• 51:19
  next 12 months with a potential Fed cutting cycle, which is
• 51:22
  happening in the US labor market headwinds buttressing paper
• 51:26
  demand for the yellow metal. So that's the big banks.
• 51:30
  Remember we talked about Ray Dalio earlier, right?
• 51:33
  The the Bridgewater Capital founder, the smartest guy in the
• 51:38
  room. He talked about the national
• 51:40
  debt, all those big issues, right?
• 51:42
  Dollar goes down in value, silver and gold go up.
• 51:45
  What does Ray say specifically about gold?
• 51:47
  He says if you don't own gold, you know, neither history nor
• 51:54
  economics, man, let that sink in.
• 52:01
  Neither history nor economics. He also said gold is a
• 52:06
  diversifier against inflation, against currency risk, and it's
• 52:11
  a good store hold of wealth. Now, Warren Buffett said some
• 52:16
  questionable things about silver and gold in the past.
• 52:18
  We know Warren Buffett's also bought massive amounts of silver
• 52:21
  in the past. Lot of people don't realize
• 52:24
  that, but yes, Warren Buffett has at least once bought massive
• 52:28
  amounts of silver. But what does he say about gold?
• 52:31
  He said gold is a way of going long on fear and it has been a
• 52:35
  great way to go long on fear from time to time.
• 52:39
  Paul Tudor Jones, another guru. The best trade is going to be
• 52:43
  gold. If I have to forecast my best is
• 52:46
  that it would be gold and Peter Schiff.
• 52:48
  We love Peter Schiff. Gold stocks are not merely a
• 52:52
  hedge against inflation, but also against the potential
• 52:56
  collapse of the US dollar. Man, I hate to say goodbye,
• 53:01
  guys. 1000 people, right? We over packed the basement.
• 53:05
  I'm so happy you're here. Please, thank you.
• 53:08
  Please come back. Please subscribe to the channel
• 53:10
  that really helps our numbers. Also, thumbs up, right?
• 53:14
  It's fun that it feels good to give a thumbs up.
• 53:16
  Plus it helps get the word out to more people.
• 53:18
  As always, thank you to Silver Susie, right?
• 53:21
  She's here on the walkie-talkie. You may have heard her.
• 53:23
  Let's see. Hold on a second.
• 53:25
  Hey, Susie. Yes, Sir.
• 53:29
  Would you like to say goodbye to everyone and maybe a little
• 53:32
  thank you? Yes, thank you so much everyone
• 53:37
  for joining us this morning. We really appreciate you and
• 53:40
  your support and I hope you all have a wonderful Sunday.
• 53:47
  OK. Do you think?
• 53:48
  You can unlock the basement door, so I can come out for a
• 53:50
  little bit today. Half an hour, we'll do that, OK.
• 53:56
  All right, Thank you. I love you.
• 53:58
  Love you too. OK.
• 54:02
  And thank you to our our I'm getting choked up.
• 54:05
  I love Sue. Anyway, thank you to our
• 54:07
  moderators, Jake from Jake's Custom Parts, Big Tim, the
• 54:10
  Silvershire, and of course, the one and only Annie Oakley.
• 54:14
  Most importantly, thanks again to you right?
• 54:17
  This is not Ron Tube, right? It's YouTube, right?
• 54:22
  I see you. We're connected.
• 54:24
  We're down here in the basement together.
• 54:27
  I want you to know, right, that you're part of the group.
• 54:32
  We love silver and gold, right? You're always welcome here.
• 54:35
  So please, please, please come back.
• 54:37
  Also thank you to channel sponsor our first mining gold
• 54:41
  Canadian gold developer with two multi million nuts projects in
• 54:43
  Canada and Fortuna Mining operates mines in Latin America
• 54:49
  and West Africa. And of course our friends at Pi
• 54:53
  MB EX Pinbex. Fun to say, fun to spell, even
• 54:58
  more fun when you save a lot of money when you buy silver, gold
• 55:02
  and platinum group metals. Have a great day guys.
• 55:04
  Thank you. OK and I'll see you soon.
• 55:06
  Bye bye.