Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 $1 Silver Price MOVE 🚨 Presidential Debate and PCE - THIS is Happening!

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🚨 $1 Silver Price MOVE 🚨 Presidential Debate and PCE - THIS is Happening! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:02
Silver investors could likely see a massive BM big move
0:08
tomorrow in the silver price. No, not bad BM.
0:11
We don't want one of those. We want ABM big move and we want
0:15
to see it to the upside. I'm going to explain to you why
0:19
I'll make that prediction that tomorrow we could actually see a
0:22
$1.00 per oz move in the silver price.
0:27
Now look, you're joining me in the basement.
0:29
That's a big, big deal. I appreciate you being here.
0:32
I'm just sharing with you my opinions, my forecast based on
0:38
what I see. So don't go making any wild
0:40
financial decisions based on what I'm telling you.
0:43
I'm often wrong, but I'm also often right.
0:47
And when I look at what's going on right now, big news will come
0:50
out tomorrow. Not to mention we have a little
0:54
presidential debate, which I'll touch on briefly here in a
0:57
moment. But massive news tomorrow.
1:01
Look, we don't like this, but tomorrow the market will be
1:05
moved by some crazy economic data that will get PCE.
1:11
Now, we talked about this, guys. We were kind of out of the woods
1:14
in terms of economic data quote, UN quote in the Federal Reserve
1:20
having a lot of sway over the silver and gold price.
1:23
And I still believe, I don't know how you feel about this,
1:26
but that those factors are becoming less and less
1:30
important, right? The the gold and silver have
1:33
decoupled in a lot of ways from a lot of the previous Co
1:37
relations. But for whatever reason, right
1:39
now we're in a situation where these goofy little economic
1:44
reports are going to matter again.
1:46
So we're going to talk about the PCE, we're going to go to
1:49
school, basement dwellers and learn a little bit about it, but
1:53
we're also going to look at some crazy data about Japan.
1:57
Have you ever looked at a the chart that shows the price of
2:01
silver in Japan and how that relates directly to us right now
2:07
in the United States, in Canada, right in the Western countries,
2:12
we're in the same, pretty much identical situation as Japan.
2:16
And when we talk about what silver has done in Japan, your
2:20
socks will be knocked off. So hold on to your socks.
2:23
Let's get started. Let's let's talk about oh, also
2:26
you're losing hope, right? If you do know that Americans,
2:30
congratulations, we're losing hope.
2:34
I won't comment on that, but someone who did comment on it
2:38
was the the lady that's like the head of the University of
2:41
Michigan consumer sentiment. We're going to touch on that as
2:44
well. The presidential debate tonight,
2:46
guys. Is it going to move the market
2:48
tomorrow? Probably not, but you never
2:52
know. Look, I think we're in for some
2:54
major, major fireworks and it could all start tonight.
2:58
Welcome to the craziness, basement dwellers, right, the
3:03
election. There's enough craziness going
3:05
on in the world right now. We know war in Europe, war in
3:09
Israel, all you know, Taiwan, China, North Korea, South Korea,
3:13
Bolivia coup, all this craziness going on.
3:16
But is tonight, will tonight when Joe Biden and Donald Trump
3:22
face off on CNN for a debate, will that kick off what could
3:27
likely prove to be right, a crazy election cycle?
3:32
Think of all these factors coming together and they're all
3:36
supportive for silver and gold, all the aforementioned factors
3:40
of things going on in the world right now.
3:43
But tonight, they're going to kick off the crazy party with
3:46
the presidential election. Look, this is not a political
3:50
channel. I'm not going to say anything.
3:52
But I will say this. I think we're ready for some
3:54
fireworks in this country, right?
3:56
Things have gotten pretty crappy.
3:58
Do you feel it? I feel it, right?
4:00
Everybody feels it. Excuse me.
4:04
And you know what, think about this.
4:06
In America, we're all programmed when people say, hey, basement
4:10
dweller, my fellow and thank you for being here.
4:12
By the way, I don't, I don't beg for this very often, but if you
4:16
haven't subscribed, please do that and give this video a
4:19
thumbs up. That would be much appreciated.
4:22
Then I want to talk to you, right?
4:23
We got a lot to cover about what's going to go on in the
4:26
silver. Remember, there's our sponsors
4:28
at the bottom. I'm predicting tomorrow a $1.00
4:33
move in the silver price. It could be down, but I think
4:36
it's going to be up. I'm saying, you know, look, this
4:39
is like a 3035% chance that this will happen.
4:43
But don't be surprised tomorrow if we have major, major moves in
4:47
the metals markets. Back to the presidential
4:50
election. What is that called debate
4:53
they're doing tonight? We need some fireworks in this
4:56
country, right? We need people to get riled up.
4:59
I'm sorry things are not good. And at this point, we need the
5:04
American people to get off their arses collectively and start to
5:09
care about what's going on. Maybe tonight, somehow this
5:13
debate will spark that amongst us.
5:15
But it's going to be crazy no matter what.
5:18
And as we move into November, Oh my gosh, guys, just buckle up,
5:22
Buttercup is all I have to say. Will be interesting to see how
5:27
this debate goes tonight. Let's talk about tomorrow's big
5:30
data, right? And this will move the silver
5:33
and gold market, the PCE, personal consumption
5:37
expenditures index put out by the Bureau of Economic, the Bea.
5:43
Anyway, what is the PCE? OK, let's go out here and take a
5:48
look quickly. And I discovered something.
5:51
I uncovered something very interesting, a little secret
5:56
factoid that's going to help us tomorrow, right?
5:59
It added a little fuel to the flame as to why I think we could
6:02
see this massive move. Forbes tells us the PCE indexes
6:06
the prices for goods and services, the change constantly
6:09
rising and falling, blah, blah, blah, consumers.
6:11
And like, OK, The PCE index looks at US inflation by
6:16
measuring in red changes in the cost of living for households.
6:21
OK. It tracks the prices of a basket
6:24
of goods and services, each with different weightings.
6:27
What's interesting, we go to the last paragraph.
6:30
It says the weightings are important.
6:32
Say the price of gasoline rises in a given month.
6:35
We know how that feels now, don't we, my friends?
6:38
But the price of tomatoes falls. Gasoline represents a larger
6:42
portion of of a family's monthly budget, so it's weighted more
6:46
heavily in calculating the PCE. That means rising gas prices
6:51
have a bigger impact on the overall index than cheaper
6:54
tomatoes. That's that's not the secret
6:57
factor I have for you about the PCE.
7:00
Cause guys with inflation, I didn't even explain.
7:03
I apologize. Look, I'm doing the best I can,
7:05
right? I'm feeling my way through this.
7:07
We're doing it all together. I'm shining my flashlight out
7:10
the best I can for you and I know you are as well.
7:15
But the PCE is more household oriented, OK, as as opposed to
7:23
the CPI. But why is it a big deal because
7:26
of this? If tomorrow, OK, conveniently
7:30
located tomorrow, the day after the big debate, if tomorrow
7:33
morning the PCE number, the inflation number for households,
7:37
comes out and it's down. Buckle up, buttercup, because
7:42
this stuff, right? This stuff, besides being
7:47
beautiful and fun to hold, will skyrocket.
7:51
That's my prediction, OK? Because that means that the Fed
7:54
has inflation under control. The PCE is the Fed's preferred,
8:01
their preferred measure of inflation.
8:04
So there's going to be, it's a big deal.
8:06
Get ready for fireworks. We got big fireworks coming
8:08
tonight. Debate big fireworks tomorrow
8:11
morning with the PCE report. And it could be a major move for
8:16
gold and silver. And silver is primed.
8:20
We've talked about this a lot, guys.
8:22
Think about it, over the last two or three weeks, we've had
8:24
many days when the price of silver moves by a dollar, close
8:29
to a dollar, or even more than a dollar, and tomorrow could be
8:33
the big day. By the way, did you hear JP
8:36
Morgan? Here's a little nugget for you,
8:38
huh? Yes, we love JP Morgan.
8:41
Not that they've ever manipulated the price of the
8:44
precious metals or anything like that now, right?
8:47
But they came out with an update to their metals forecast and
8:51
they're calling for $34 silver next year. 34 yeah, 34 and gold,
8:58
I think 2627 hundred. They're bullish.
9:01
That's the bottom line, you know, JP Morgan bullish.
9:05
So we're set up right now with silver.
9:07
There's more factors we're going to talk about with silver as
9:10
well. And wait till you think about
9:12
silver in Japan, the price of silver in Japan and what that
9:16
means for the United States. So real quickly, just to prove
9:21
to you that this I got to prove this to you, right?
9:24
And you, you don't have to agree, right?
9:26
Here we go. Oh, here.
9:28
Oh, the nugget. I almost forgot the big nugget.
9:30
This right? Federal Reserve Bank of Saint
9:34
Louis. This is from 11 years ago.
9:37
They hid this in an article 11 years ago by James Boulard, who
9:41
they have put out the pasture. But none the less, he's talking
9:45
about the comparison between CPI, excuse me, and PCE, and we
9:52
won't even I will read that. OK.
9:53
Two different price indexes are popular for measuring inflation.
9:57
CPI from the Bureau of Labor Statistics, the Bureau of Lies
10:01
and Statistics and the Personal consumption expenditures index.
10:06
PCE from the Bureau of Economic Analysis Analysis.
10:12
Sorry, I have a hard time with that word.
10:16
OK, thank you, Jake. Jake just sent me a text.
10:18
Thank you, Jake. OK, this is the nugget.
10:22
This is the nugget, and this is the number we're getting
10:24
tomorrow. The PCE between the two headline
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indexes, the CPI tends to show more inflation than the PCE, so
10:36
we're going to get this number tomorrow.
10:37
The Feds telling us themselves that usually the PCE is lower.
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OK, And when we get a low inflation number, this is all my
10:45
prediction. I could be dead wrong.
10:46
You can throw tomatoes at me tomorrow.
10:49
Look, I'm willing to stick my head out there.
10:51
I make mistakes all the time, right?
10:53
Your guys are more than happy to point, more than happy.
10:56
I'm happy for you to point them out.
10:57
Or you can check with Susie. She'll let you know I'm wrong
11:01
often. But I'm telling you, tomorrow
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morning, low PCE bond rates are going to go down, dollars going
11:08
to go down, silver and gold are going to go through the roof.
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I think we could see a $1.00 move in the silver price
11:14
tomorrow. I'm putting a little over a 30%
11:16
chance of that being the case. Hey, let's go out to the
11:19
comments real quick and Jake, Hey, metal sear, thank you.
11:24
Thank you for your super check. Good to see you.
11:26
Drug testing should be that's not a political statement.
11:31
Yes, I agree they should drug test both anyone involved in the
11:35
in the in the debate. I won't argue with that right.
11:38
If we're listening to someone who's on drugs, I think and
11:41
they're asking us to vote for them to be president, I think
11:44
that we should be entitled to know that that's the case.
11:47
I'm not saying one way or the other.
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I wouldn't rule anything out with anybody.
11:52
Make it across the board. If you're going to be in a
11:54
presidential debate, you need to be drug tested, right?
11:58
Because I think there's proof that like some previous, like in
12:01
the 60s, maybe don't quote me on this, but maybe it was Kennedy
12:06
that they was on, you know, some form of speed when he was doing
12:09
Anyway, I don't, I don't even want to go there.
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I want, I want Bill Holter to have my babies.
12:18
Yes. She's referring to Mr. Bill
12:20
Holter, who was recently a guest here in Ron's basement.
12:23
I'm sure he'll get a kick out of that one.
12:25
So thank you, guys. OK, just to prove.
12:28
Let's get to the proof here. Let's get to the proof that's in
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the pudding about what's going to happen tomorrow.
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Oh, look at all these colors. And this from Kitco.
12:39
Hawkish Fed and a strong U.S. Dollar is right now camping
12:44
gold's potential gains, but OK, but PCE will provide direction
12:51
that's from FX empires, Ali OK, we're just going to read a few
12:55
of this hawkish comments. So the Fed's been hawkish
12:58
lately, guys, remember OK, back in December, everything changed
13:03
for silver and gold, right? You did you understand what I'm
13:07
saying that we talked about that exhaustively, but but the, the,
13:11
the parameters under which the silver price and gold price were
13:15
established, a lot of long standing relationships broke
13:20
down, right? The dollar's been strong, rates
13:22
have been up, OK. And and the Fed even more
13:25
recently started to lose a little bit of its sway because
13:28
gold and silver are very intelligent.
13:31
They can see through the BS basically, right.
13:34
But just for whatever reason, I don't like it.
13:37
You don't like it, it's a temporary thing.
13:40
It's temporary noise. Right now, the Fed this E com
13:44
data is getting some of its mojo back, but that again, that will
13:48
be temporary, OK. He says, quote, gold prices
13:52
continue their downward trend for the 2nd consecutive day.
13:57
That was on Wednesday hitting their lowest point in over a
13:59
week in red. Hawkish comments from the
14:02
Federal Reserve officials have served to boost Treasury yields
14:07
in the dollar. And that makes the price of gold
14:09
and silver go down. Fed Governor Michelle Bowman
14:13
expressed a readiness to raise borrowing cost if inflation
14:17
progression stalls. Inflation is not going away,
14:22
guys. They're going to massage these
14:24
numbers. The reality is the value of the
14:26
dollars going down and that's happening.
14:28
There's no mathematical others unless the government stops
14:32
spending money, there's it's mathematically impossible that
14:37
inflation comes down. OK, They'll they'll make up all
14:41
kinds of crazy smoke and mirror BS, whatever, you know, try to
14:45
try to keep the masses happy. But the reality is the value of
14:48
the dollar, it's all you got to remember.
14:50
Simple. The value of the dollar goes
14:52
down. OK, the price measured in
14:55
dollars of everything else, including silver and gold, goes
14:59
up and I'm going to show you some shocking evidence of that
15:01
later with how it happened in Japan.
15:04
Fed Governor Green Lisa Cook suggested that rate cuts might
15:09
be appropriate eventually, but emphasize the need for caution
15:12
if inflation expectations rise again.
15:15
All this will be rug pulled tomorrow 'cause they're going to
15:18
come out with low inflation numbers unless I'm wrong, which
15:21
I may be, OK, and then I'll feel bad that I said that.
15:24
But hey, you know, I'm willing to go out and take a take a risk
15:28
purple. The persistent strength in the
15:30
US economy. Oh yeah, we got some data we're
15:32
going to look at later. There's a swimming pool, a cop
15:35
Apoppa blips a Poolopoulos swimming pools.
15:39
It's crazy What what's going on? OK, but strength in the US
15:44
economy supports this outlook again, pushing up yields.
15:47
Orange weaker, weaker consumer and producer prices for May are
15:53
keeping a September rate cut on the table.
15:55
Now they're saying this is all, it's all like wishy washy.
15:58
If you noticed that with the Fed lately.
16:01
Oh, we're going to cut rates. Oh, no, we're not going to cut
16:04
rates. Oh, we're going to cut rates.
16:05
Oh, we're not going to. It's like that girl I wanted to
16:07
bring to senior prom. Yeah, I'll go with you.
16:09
No, I won't. Yeah, I'll go with you.
16:11
No, I won't. Finally, I just said forget it.
16:13
You know, we just won't go. Additionally, geopolitical
16:18
tensions. Why?
16:18
We could talk about that in the Middle East and ongoing Russia,
16:21
Ukraine, OK? That's what he wrote.
16:24
Yellow markets are now turning their attention, OK, to the
16:28
final Q1 GDP on Thursday. I don't know if that came out
16:32
yet or not. Who really cares?
16:33
It's all a bunch of BS anyway. And here you go, guys, the big
16:39
trump card, pardon the pun, with the big debate tonight, the
16:43
personal consumption expenditures PCE index on Friday
16:48
to provide clear signals on the Fed's future policy decisions
16:52
and their impact on the US dollar and gold prices.
16:56
I'll say it one more time. The, the So he's saying that's
17:00
going to be the big news, right? And I'm telling you the number,
17:03
the PCE is going to be lower, OK?
17:06
And if I'm wrong, I'm going to be down here in a fit of shame
17:09
tomorrow apologizing to you, OK? In the near term, Ali said the
17:15
Federal Reserve's hawkish stance will likely pressure the Spot
17:18
gold price. Immediate resistant levels at
17:20
2329 and 2337 could limit upward movement, while breaking below
17:26
2310, which we did yesterday, might trigger significant
17:31
selling. Let's run out the pin backs and
17:34
take a look at an update that is not the update.
17:36
Take your blood pressure medicine with me.
17:38
Let's see where the gold price is.
17:41
Oh my gosh. OK, guys.
17:43
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Fun to say, fun to smell, fun that we got 400 basement
19:19
dwellers together. Look, we don't know what we're
19:22
talking about, but neither does anybody else.
19:25
OK, thank you, Vince, for that super chat.
19:29
Wow. Hey, I moved the mic a little
19:31
closer. Maybe I need to stop yelling so
19:33
much. Is the yelling bothering you
19:35
guys? Send me an e-mail.
19:36
OK. But it's a big deal when you're
19:40
here. I want you to be comfortable
19:41
when you're in the basement. I want you to feel like you
19:43
found a new community. You belong here.
19:46
I got news for you. Welcome.
19:49
You do belong here. There's some awesome, awesome,
19:52
nice people in the basement. We want you to come back.
19:55
Please subscribe to the channel. That's twice I've asked you that
19:58
today. I will not ask you.
20:00
Yes, you that question again. Your time is valuable.
20:04
Oh, you want to talk about $100 moves in gold, huh?
20:08
Huh. You want to talk about $2700
20:12
gold and Q1 of 2025? Let's go.
20:17
Let's go back to Kitco. Kitco and let's see what is it?
20:23
TD Securities, I believe. Look at all those colors.
20:27
We're going to get through this one.
20:28
Hey, Neils, this is from our friend Neils.
20:30
We love Neils at Kitco. He says gold will be sensitive.
20:35
Here it is again. I'm not going to repeat it to
20:37
tomorrow's biggest news in the history of the gold and silver
20:41
market, the PCE inflation number.
20:43
But that won't stop its long uptrend.
20:46
That's according to TD Securities.
20:48
We like the sound of this already in red.
20:50
The gold market is caught in a holding pattern as it awaits the
20:54
latest inflation data. We beat this to death Friday's
20:57
PCE index in a report published last week.
21:00
Commodities commodity analyst at TD Securities.
21:05
Several. These were not.
21:06
This was not just one analyst. These were several analysts said
21:10
that they wrote. I should say that the gold
21:13
market is vulnerable to the timing of the Federal Reserve's
21:16
interest rate cuts. Yeah, no joke.
21:18
The analysts see near term risk to the downside if inflation
21:23
comes in hotter than expected, which it will not.
21:26
In red. The yellow metal, that's gold,
21:30
right? What do they call silver, the
21:31
white metal? Anyway, the yellow metal could
21:33
plunge an additional $100 if the progress made on inflation
21:39
stalls. So we get a high inflation
21:42
number tomorrow and now that'll this is the bad news.
21:45
If Ronnie's wrong, which Ronnie could be wrong, all right, and
21:49
you hate me, all right, I'm I'm often wrong.
21:52
I struggle with this stuff too. But if I'm wrong and tomorrow
21:54
the PCE number comes in way higher than expected, batten
21:59
down the hatches. Buckle up, buttercup, in a bad
22:02
way 'cause it's not going to be good.
22:04
OK? So if progress on inflation
22:07
stalls or if U.S. economic data continues to surprise to the
22:11
surprise to the upside, the Fed could be more hawkish again.
22:15
That would create a bad environment for silver and gold
22:17
in yellow or yeller is a lot of people here in Missouri call it.
22:21
You call it yeller or do you call it yellow?
22:24
None the less, or I should I say.
22:26
However, any weakness in the gold market is expect I'll be
22:29
like this. Any weakness in the gold market
22:33
is expected to be short lived as the Canadian bank sees gold
22:39
prices ultimately going higher by year end in orange.
22:43
More certainty surrounding the timing and magnitude of the
22:46
pending fed fund cuts. Fed funds cuts, yes, which
22:50
should bring in specs. Those are like speculators,
22:54
gamblers and ETF logs should start to place the yellow yellow
22:59
metal on an upward trajectory again.
23:01
This combined with renewed appetite for physical metal
23:04
around the world. Oh yeah, baby.
23:07
Yeah, you got that right. Everywhere except the United
23:11
States and Canada, there's renewed interest in gold and
23:15
silver, which includes long term strategic central bank bind is
23:18
projected to drive the Q 10 the. But here's the fun part Q1 2025
23:26
average price to $2475.00 an ounce with a trading high around
23:33
$2700 an ounce a possibility, he said.
23:37
So there we got it guys. The guys, the guys at the
23:39
Canadian banks are the smartest analyst around.
23:42
Trust me. They follow gold and silver like
23:46
way, way, way, way, way more closely and accurately than the
23:51
analyst in the United States at JP Morgan.
23:54
But even JP Morgan, like we just talked about, came out with a
23:57
bullish update on the price of gold and silver.
24:02
So we got the potential for big, big moves to happen.
24:06
Think about this, OK, 'cause everybody's talking, I'm guilty,
24:10
OK, I'm, I'm guilty as well, right?
24:13
We are in a seasonably low period for silver and gold.
24:17
You know what that means to you and me?
24:20
That means silver and gold are are kind of swimming against the
24:23
current during the summer. Traditionally, OK, they are
24:27
running into the wind or doing something else into the wind
24:31
that I won't say. But nonetheless, that's the
24:33
situation. That's what everybody says.
24:35
But is it different this time? Because can't we argue, right?
24:40
Tonight's the big night, the big massive debate, the kick off.
24:44
It's like the start of the fireworks show, OK, And this is
24:49
a different year than a normal year and this is a different
24:53
election than a normal election and the world is in a different
24:56
situation. I would argue, OK, I would argue
25:02
that we are in a different scenario for this summer than in
25:06
the past. I still say I'm happy if we
25:09
escape the next 5 to 8 weeks with a $2200 gold price,
25:13
$2728.00 silver price. But but I think if I'm wrong,
25:19
I'll be wrong to the upside because I want you to think
25:22
about this concept that not a lot of people think about.
25:26
Think about this. Things are happening so much
25:28
quicker right now. So, so much quicker.
25:31
All right, let's go. You know what?
25:36
Let's go take a look. Let's have some fun.
25:38
Are you ready for some shocking evidence of what can happen to
25:42
the silver price? Have you ever looked at the
25:44
silver price as measured in Japanese yen?
25:48
All right, let me pull this chart up for you and I want you
25:56
to think about right 30 year silver price history in Japanese
26:00
yen per oz. Look at this guys.
26:03
This goes back to 1995. OK, look, the, the the ¥500 per
26:10
ounce of silver, where are we today, 5000?
26:14
I don't know. Let's see if this gives us a
26:16
recent now that gives silver and gold price in U.S. dollars none
26:20
the less. Look at the 2011 high in
26:24
Japanese yen, 4000, this is the equivalent.
26:27
That's what 25% higher? That would be like a $63 U.S.
26:34
dollar per oz silver price, right?
26:36
Now, what caused this to happen? Maybe you're hearing right.
26:41
And I'll tell you and I'm going to explain to you why it
26:43
directly relates to what's going on in the United States.
26:46
I mean, look at this silver price in Japanese.
26:49
Well, there it is right there. 5073 is it was the high, OK,
26:55
from 500 all the way up there from 4000, right, which was the
27:00
2011 high all the way up to 5000.
27:04
Look at this chart, OK, this is a 5 year, yeah, five year chart
27:09
of the Japanese yen in dollars. This basically tells you how
27:13
many Japanese yen it takes to buy $1.00.
27:16
And as you can see back here at the beginning of 2021, So what,
27:21
3 1/2 years ago, that was around 100.
27:25
Let's say today it's at 160, right?
27:30
That means that now instead of if, if a Japanese person wants
27:33
to convert their currency to dollars, instead of it only
27:36
taking ¥100, now it takes ¥160.00.
27:40
So you may have been hearing and it gets, it's confusing, I think
27:44
for a lot of people that there's big issues in Japan.
27:47
What Japan did, OK, And I'll ask you the question and then we'll
27:51
go back to that chart. What Japan did over the last
27:55
what, 10/15/20 years is rack up a ton of debt, OK.
27:59
And then they got to a point does this, I want you to think
28:02
about this. Does this, does this sound
28:04
familiar to you at all? The Japanese government spent
28:07
way too much money, right? Ran big deficits, then had to
28:14
engage in what was called yield curve control.
28:17
You probably heard that term. What that basically means is the
28:20
their debt. Nobody wanted to buy their debt
28:23
because everybody knew they were in such bad financial shape that
28:26
their central bank just started printing money out of thin air.
28:30
Hold on a second. Hold on.
28:37
We need to ask this character. Does that sound familiar?
28:43
Does that sound familiar if they just started printing yen out of
28:47
thin air to buy their own debt, right?
28:52
Does that sound familiar? Is that happening in the United
28:54
States? And as a result, right, the
28:57
value of their currency has gone in the toilet, right?
29:01
And as a result of that, the value the the price for silver
29:07
and yen in their local currencies, huh, Let's go back
29:13
has done this skyrocketed. OK, Now also consider also
29:19
consider that when we look at the DXY index, right, the dollar
29:23
index, which we look at all the time, and the dollar being so
29:27
strong, consider the fact that the yen is a major component of
29:31
that. So the dollar being strong, does
29:34
it make sense when people say the dollar index is just like,
29:38
it's like comparing 3 turds in a toilet.
29:40
There's no other way to say it. OK, that's the analogy I'm gonna
29:44
use. I hope that doesn't offend you,
29:45
but it really is true. So the United States dollar is
29:49
in a little bit better shape than the yen, but we're heading
29:52
down the exact same path. So can you envision this chart?
29:57
We'll look at it one more time. But instead of this being in
30:01
Japanese yen, right, where we have a spike in silver, that
30:06
that chart could be in U.S. dollars, All right, Because
30:10
everything's so great here in the United States, right?
30:13
It's silver has been defined the odds and silver will continue to
30:19
define the odds of A prettiest turn in the toilet.
30:23
Strong dollar, no doubt about it.
30:26
Define the odds of high interest rates.
30:28
No doubt about it. And guys, I don't know.
30:32
How do you feel about this? Am I alone?
30:35
Sometimes I feel like I'm alone. Do you ever feel that way?
30:39
I'm always down here in the basement.
30:41
We're not alone right now. I got to remember that you're
30:43
here with me. Thank you for being here, right?
30:46
It really is a big honor. I really do.
30:48
I really do hope that when you come down here that you guys
30:52
feel like you're in a little home away from home where we can
30:54
talk about what we love silver and gold, right?
30:58
But the silver price has defied the odds will continue to defy
31:03
the odds. I know it's frustrating.
31:04
I know it can be, you know, and they want to and now they want
31:07
to tell us if you heard all she all they want to tell us.
31:10
This makes me mad. This this woman makes me mad.
31:15
OK? There's a woman who makes me mad
31:17
and a woman who I have a new level of respect for.
31:20
I'm going to show you quickly. The woman who makes me mad.
31:25
This woman, I got her in a box, OK, Because she's going to tell
31:33
you and me and the other night, I feel for people.
31:36
I just don't feel for one in 100.
31:38
I feel for everybody She's going to tell, right?
31:41
The the 99 out of 100 Americans and everything's great out
31:45
there. Well, no, everything's not
31:46
great. And you know, this is this is
31:48
crazy, OK. But the woman you've you've
31:51
heard of the consumer sentiment survey that's from the
31:54
University of Michigan. What is this telling us?
31:57
Right? And then what does this mean for
31:59
silver and gold? I'll tie it all together.
32:01
Joanne. Who?
32:03
Who's who? OK, she's kind of the head of
32:06
the University of Michigan consumer sentiment survey thing
32:09
that goes out. She I listened to her recently
32:11
say that Americans are losing hope a big, you know, certain
32:16
portion of Americans are losing hope that the American dream is
32:21
gone away. It slipped away, that there's no
32:24
way they'll ever be able to buy a house.
32:26
And I don't really blame it. There's no way that they can
32:29
afford a middle class lifestyle. And I'm raising two kids.
32:33
I have 12212 I've I've no, I have one set of 12 year old twin
32:39
daughters, right? And Susie is a, is a, is a
32:43
homemaker and a wonderful wife and all, but I'm telling you, it
32:45
is, it is a rough go right now in this country, middle, upper
32:50
middle class, lower middle class Americans losing hope.
32:53
And but I want you to think about this.
32:56
She's saying that, OK, and this is America where we are
33:00
programmed to say everything's great, right?
33:03
That's what we're programmed to say when people say, hey, how
33:06
you doing? If you run up to me on the
33:07
street, you're programmed to value your silver and gold in
33:13
U.S. dollars, Fiat dollars. We all make that mistake, right?
33:16
We're also been programmed that if somebody walks up, if I, if I
33:20
saw you, if I called you on the phone after this live stream and
33:23
said hey Jake, right from Jake's custom parts.
33:27
We talked from time to time say how you doing Jake or Jake said,
33:30
hey Ron, how you doing? I said I'm doing great.
33:33
Doesn't matter really how I'm doing.
33:34
That's so if Americans secretly are saying they're losing hope,
33:38
that's a big deal. And what, you know, what would
33:41
what, what would, what would lead us, us to believe?
33:44
That's the fact. All the data that's coming out.
33:48
But what about the pool? What about the swimming
33:50
poolopolis that I promised you? We'll touch on that one briefly.
33:53
And it's not funny, but it proves that we are having
33:57
economic problems. This came from zero hedge.
34:00
OK Pool shares Plunge, the world's largest wholesale
34:05
distributor of swimming pools and related outdoor living
34:08
products with hundreds of stores across North America, Europe and
34:11
Australia, slashed their full year earnings forecast.
34:15
They said quote recent trends that dampen the the
34:19
discretionary spending, signaling a broader consumer
34:23
downturn theme. The company which sells pool
34:26
chemicals, blah blah blah, Pool, swimming pool stuff, revised
34:30
their earnings guidance down to $11.00 a share from as high as
34:34
$14.00 a share. Guys, that is significant, but
34:37
listen to this, OK? They said that year to date
34:40
sales, while better than the first quarter are down 7%.
34:45
I always round up or down, OK, And that it now expected full
34:49
year sales and a similar range. So even swimming pools, I'm
34:54
going to warn you, if you go to your neighbor's house to go
34:56
swimming and they got a pool, be careful.
34:58
They might be skimping on the chemicals, OK?
35:01
But this is a sign of what's going on in America.
35:05
Now, how does this feed into this big PCE data tomorrow,
35:08
which I'm telling you is going to be lower than expected, and
35:11
it's going to send the value of silver and gold higher when
35:15
there's less demand in the economy because people have less
35:19
money, right? It brings prices down, right?
35:23
Maybe we could even see a deflationary environment.
35:26
I'm not saying that's going to happen tomorrow, right.
35:30
And then the Fed really freaks out.
35:32
Then the Fed really puts their foot on the gas pedal.
35:36
That's what that's what we're looking at right now.
35:38
That's what the the situation is at here in the United States.
35:44
OK. Oh, OK.
35:46
Here. You want more?
35:47
Look, you want more proof about how great things are, here we
35:53
go. I got this one highlighted for
35:55
you to the Silver Academy, my friend John Little who was on
35:58
yesterday. Thank you, John.
36:00
Everyday events, shock and awe in the US commercial real
36:05
estate. This has to do with with banking
36:07
problems, collapse, warning, bank runs.
36:11
Get your money out of banks now. But listen to these situations.
36:14
This is real guys. One of the most insane deals
36:17
we've ever seen in office tower in San Francisco.
36:21
And I, I haven't been to San Francisco for like 15 years.
36:25
I remember being such a nice city and I hear now that it's
36:28
kind of turned into a, a, a, a, a dirt hole.
36:32
But anyway, mid market or office tower sold for 90% less than
36:38
what it last traded for. Previous owner paid $62 million
36:43
in 2018, OK, $62 million in 2018.
36:51
That was six years ago. It was recently acquired by by a
36:56
Starwood affiliate for 6.5 million.
37:00
That's like a little over 10%. That would mean like if you went
37:04
to your wife and said I'm going to buy this office building,
37:06
honey, we're going to be rich, $60 million.
37:09
That was six years ago. And then today you got to go
37:13
tell her, hey, I had to sell our office building that I bought
37:16
six years ago for 60 million and I only got 6,000,000.
37:20
Yeah, that would be almost a 90% loss.
37:23
OK. They say vacancy rate in San
37:26
Francisco, vacancy 37%. That means almost 4 out of 10
37:32
office space square feet are empty in San Francisco.
37:38
Absolutely crazy. OK, Texas.
37:42
OK here, Texas, A300 empty office buildings.
37:49
Houston and Houston empty space, 26% vacancy rate.
37:54
Trailing behind the two are Dallas and Austin with about
37:57
25%. I mean, my gosh, here's another
38:01
building. A New York City office building
38:03
at 321 W 44th Street is being sold for less than $50 million.
38:08
Sixty 7% discount from where it sell sold.
38:12
In 2018, Empire Capital Holdings agreed to purchase the property
38:18
at 321 W 44th for less than $50 million.
38:22
This represents a steep discount of approximately 106.
38:27
I'm sorry, 67% from the 153,000,000.
38:31
So somebody OK, paid 153,000,000 for this building not too long
38:37
ago and now they have to sell it for 50 million.
38:42
This is big, big trouble coming down the down the Pike for the
38:47
commercial real estate sector. Now let's talk about let's talk
38:51
about the bricks and the gold standard.
38:53
You want to hear about the gold standard?
38:54
I don't, I don't hear as many people talking about this, this
38:58
prospect that we could have some form of a gold standard coming
39:03
to the BRICS nations. But what I do hear is this see
39:07
if I can find this article saying that the bricks are
39:10
really just a bunch of BS, right?
39:12
So we're gonna look, but we're gonna, I'm I'm gonna, I'm gonna
39:15
present a different theory and how we could and some people are
39:19
saying really soon, right have a gold backed currency in the
39:23
BRICS nations. But since we always look at both
39:26
sides of the of the equation. This is from Reuters mainstream
39:30
media. OK, the US dollar's dominance is
39:35
secure. The BRICS see no progress in D
39:40
dollarization. That's according to a report.
39:42
OK, so this whole D dollarization thing that Goldman
39:46
Sachs and JP Morgan and and everybody's talking about,
39:51
including all the BRICS countries, it's all this a bunch
39:54
of BS. OK, in red, the US dollar
39:56
remains the world's primary reserve currency, and neither
40:00
the euro nor the so-called BRICS countries.
40:04
Have been able to reduce global reliance on the dollar, a new
40:07
study by the Atlantic Council's Geo Economic Center shows In
40:11
Green, the group's Dollar Dominance Monitor said the
40:15
dollar continued to dominate foreign reserve holdings, trade,
40:18
invoicing and currency transactions globally, and its
40:23
role as the primary global reserve currency was secure in
40:28
the near and medium term. OK, OK, I'll, I'll buy that.
40:33
I'll buy that. Because we've often said, right,
40:35
most likely the dollar is not going to go bye bye like
40:38
overnight. It could, we could have a
40:41
massive event, right? There's there's, there's the
40:43
conspiracy theorists that think there's some plan to one day
40:47
pull the plug. But realistically, at least what
40:49
I believe, you may believe something different.
40:52
The dollar is not going to like just immediately go away.
40:55
But the trend is in that direction.
40:57
But I would ask this question, think about this and then we're
41:00
going to talk about gold and silver and the bricks and why I
41:03
think we could be back even in the United States potentially
41:07
sometime, let's say in the next 5 to 10 years with a gold backed
41:11
currency. OK, But think about this.
41:13
These people are saying they called it the so-called BRICS
41:16
countries. Well, I have a question for you.
41:18
Think about the bricks. Think 10 years ago the bricks
41:21
were like in, and I don't know specifically the day, but it was
41:26
they were in their infancy. Nobody paid attention to the
41:29
bricks, right? Nobody even really cared.
41:31
Oh yeah, there's this thing I think a guy Goldman Sachs coined
41:34
actually coined the phrase. Now it's like a growing
41:38
worldwide. What my my point is as we think
41:41
in 3D chess, think about how far the BRICS countries as an
41:47
organization have come in the last 10 years.
41:51
Think about how far the BRICS organization has come in the
41:54
last five years. Think about how far they've come
41:57
just in the last two years. So to think that that trend is
42:01
going to just immediately stop and the dollar will just
42:04
absolutely remain the world's dominant reserve currencies BS.
42:08
And guys, like we've talked about so many times, what are
42:11
the BRICS countries doing? What are the world central banks
42:14
doing? They're buying gold, right?
42:16
We've talked about that 1000 times.
42:19
OK, So what does that tell us? Well, that tells us something
42:23
very, very, very important that we always have to remind
42:27
ourselves of. They want to get away from the
42:30
dollar, number one, OK Number two, OK, they may not like the
42:36
dollar, but they don't like each other's currencies either.
42:40
So where are they going to go? What will continue to gain in
42:45
popularity as a medium gold and by default silver is well now to
42:51
take things hypothetically even one step further, think about
42:56
what happens in the United States.
42:59
If the world, the majority of the world population, resource
43:04
base and eventually economy, economic strength is is is
43:09
working together with gold. And they're talking about that
43:12
being a big subject at the end of the summer when they have
43:15
this big bricks meeting, right, A trade settlement currency that
43:19
could be backed by gold, right, or the development.
43:22
And there's this in bridge system and there's all kinds of
43:25
stuff going on. So if they're the if the
43:28
majority of the world is working on gold and the value of the
43:31
dollar is going down, down, down at some point, I just want to
43:34
throw this out there. All right, you got to consider
43:36
this at some point. Will it behoove you know the
43:41
against everything that they want to see happen, but will it
43:44
behoove the Federal Reserve, the Treasury Department, the United
43:47
States government to revalue Because don't forget, supposedly
43:53
we have more gold than anyone in the world, 8000 metric tons.
43:56
And if we real really do have that gold, wouldn't it make
44:00
sense then if if the dollars losing the at some point do that
44:05
big revaluation? You see these calculations
44:08
people throw out, right, $19,000 gold, 38 forty, $27,000 gold was
44:15
Jim Rickards most recently. Doesn't that become something
44:19
that's within the realm of possibilities?
44:21
I don't know. You let me know.
44:23
Tell me in the in the chance section, guys, I want to do
44:26
something we haven't done for a long time with the community is
44:29
the big deal. You're here.
44:31
I want to show you how powerful the gold and silver community
44:35
is. Tell me in the in the in the
44:39
chance section. Tell me where you're joining
44:41
from. I'm going to start out by saying
44:43
I'm in Saint Louis. I just want to see, get a feel
44:47
for you guys where we are in the country and the world as
44:51
basement dwellers. I won't be able to shout out
44:54
names, but I will be able to shout out your city or where
44:57
you're from. Hey, Yas.
44:59
Hello. Raven.
45:01
Ron Wood, C130. Bend, OR.
45:04
OK, Come on, guys. Type it in there.
45:07
Oregon, Ohio, Lone Ranger, Wisconsin, Gary.
45:11
I will say names if I can. Melbourne, Australia.
45:14
Yes. Wow.
45:15
The other side of the planet. That's awesome, Wes.
45:18
Good to see you. Oh, boy, oh boy.
45:20
Mount Florida, Canada, A College Station, TX.
45:24
Tampa, FL, Austin, TX. Denmark.
45:27
Wow. Tyler, TX, Colorado.
45:30
It's going too fast. Netherlands, Dallas, Perth,
45:32
Australia, Amsterdam, Virginia, Michigan.
45:36
Guys, think about this. Kansas, California.
45:38
Perth, Switzerland. AKA Redneck A Stand S Cumberland
45:46
Plateau. OK.
45:47
Florida, North of sea. South Dakota, Florida, New
45:50
England. Dallas, TX.
45:52
If I didn't read you, I'm sorry. I'm trying to read these.
45:54
Philippines. Colorado Springs.
45:56
Bend, OR The world is here. Yes guys, we are Germany.
46:02
Hello Lone Wolf. Good to see you my friend.
46:05
Oakland, CA, Malaysia. Wow, Colorado, you guys, we are
46:11
from all over the world. Vincent.
46:13
OK, Vincent. All right, if you keep, I'll try
46:15
to read a few more what I'm trying to drive home.
46:18
Number one, thank you for being here from all around the world,
46:22
I think. I think we're the smartest.
46:24
We're the elite. We are.
46:27
Yes, you. You're part of the elite.
46:29
I will tell you that. OK.
46:30
Washington State, England. United Arab Emirates.
46:34
Washington State. Wow.
46:36
My house just fell in the Missouri River and I'm coming
46:38
down to see you. Yeah, I live on the banks of the
46:41
Missouri River. That's what he's joking around
46:43
with me. Saint Louis.
46:44
Hello, Dave. Good to see you, my friend.
46:47
Isle of Moo, Man, it's been hot in Saint Louis.
46:49
Has it been hot where you are starting to think maybe that
46:52
global warming. Arizona.
46:54
I've never heard of Isle of Moo yet.
46:56
We are the 1%. We're actually you at your part
46:59
of this is a big key thing to realize as we think about silver
47:04
and go maybe I'm wrong, right, maybe I'm wrong could be dead
47:07
wrong right. I'm doing my best and by the
47:10
way, if there's ever anything that I can do to make these live
47:13
streams better, I mean this, please send me an e-mail.
47:16
There's contact e-mail address in the description of this and
47:21
all the videos. Please.
47:23
If you have an idea like Ron, you, you do this you, I mean, I,
47:26
I, I, I, I, I would love to get your feedback, but you're an
47:30
elite. You're part of the elite, right?
47:32
We hear about it all the time. Oh, the 1% there.
47:35
Oh the whatever. Hey, look guys, we are all over
47:38
the world, OK, all over the place there's coin shop Chris by
47:43
the way, coin shop Chris has his own YouTube channel.
47:47
I command you all right, when we're done with this live
47:51
stream, go on the YouTube search bar and type in coin shop Chris
47:54
and go watch a couple of his videos and maybe give him a
47:57
thumbs up and subscribe to him as well.
47:59
But we are such an elite, small group of people throughout the
48:05
world, even in more particularly so here in the United States.
48:09
Guys, the good news is this, OK? This is something we review
48:14
every 10 days, something very important for us.
48:17
Do you agree with what I'm about to say?
48:19
OK. I'm actually happy that we are
48:22
such a small, elite group of people.
48:24
One in a hundred, really. I mean, and we're the smarter of
48:29
the I mean, I don't mean that in a arrogant way, but trust me, if
48:34
you're down here, we, we think, we talk about subject matter and
48:37
the fact that you're here listening means you like to go a
48:40
level deeper. We talk about some people play
48:43
checkers, some people play chess.
48:45
But you, yes, I know you like to play 3D chess, right?
48:50
And think about this, the fact that we are people say, oh, it's
48:54
a bad thing. We're only one in only one in
48:56
200 people stack silver. Only one in 200 people stack
49:00
gold. No, that's a good thing, right?
49:03
Because let's say we're one in 200 and let's say we go to five
49:09
and 200. OK, that's a 2 1/2 times the
49:12
amount of money in the world going into precious metals.
49:17
And man, they talk about that idea of and I didn't make this
49:21
one up. I, I don't know who did.
49:23
I wish I could give him credit, but it's a the best analogy.
49:26
It's like trying to drain Hoover Dam with a garden hose.
49:29
Hey, thank you for being here. Thanks for being part of the
49:32
basement. I really do appreciate you and
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your time. Please support, support our
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sponsors first mining gold, Fortuna mining.
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platinum, check out Pinbex. Have a great day.
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OK. Thank you and I'll see you soon.