Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER STACKERS 🚨 IT'S Happening! 🚨 -- GOLD & SILVER Prepare for THIS!

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SILVER STACKERS 🚨 IT'S Happening! 🚨 -- GOLD & SILVER Prepare for THIS! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:02
$36 silver, $26 silver, one of those numbers will come next.
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But guys, are you feeling it like I'm feeling it?
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We had a huge week in the silver market.
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We are on the precipice of a potential major move and in this
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video I'm going to show you why. Look, one of those prices will
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happen first, either 36 or 26. I think we know which direction
0:28
silver and gold for that matter, are heading.
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Let's dig in. First, I want to say thank you
0:34
for joining me here. It's early on a Saturday morning
0:37
and you are important. Yes, you right.
0:40
You're an individual. You're part of the YouTube.
0:42
You're part of the basement. You're a basement dweller.
0:45
Thank you for being here. Please give this video a thumbs
0:47
up. You can subscribe to the channel
0:50
Super Chat. Super thanks are never expected,
0:53
but always greatly appreciated. Let's go take a look at the
0:56
chart of the silver price and see why we're feeling so
1:00
optimistic right now when we look at the precious metals.
1:04
Here's a one year chart of silver.
1:07
As you can see, back in May we got up to around $32 per oz.
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Again, all around the July time frame, we popped up around
1:16
$31.00 per oz. Then again, alright, just what
1:20
at the end of September a couple weeks ago got up near 32.
1:24
It appears that we've broken through.
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Now this is a one year chart that shows the daily closes in
1:30
silver. All right, you can see a lot of
1:32
other things. I won't get the Crayolas out,
1:34
but as you look at this chart, you can see over the last year
1:38
from the bottom left to the upper right, we've had a strong
1:41
uptrend, but it gets really interesting if we switch over to
1:45
a two year chart. Now this shows prices at the end
1:49
of the week, the weekly close again, right?
1:53
We see the strong upward trend. But when we look at the weekly
1:56
close, according to what I'm saying here, let's break out the
2:00
crayons, basement dwellers, because this is good news for
2:03
us. When we look at the weekly close
2:06
level and we draw a line across, right, Sure, we bumped up in
2:11
May, we bumped up in July, but doesn't it sure look like upper
2:15
left corner, the futures market for silver closed at $32.45.
2:21
Like we broke through, right? This was the the triple top.
2:25
And remember, look, we're not super chart technical analysis
2:29
people. There's other people that do
2:31
that much better. But we do know some of the
2:33
fundamentals, right? Basement dwellers, of course we
2:35
do. One of which is triple tops are
2:39
very rare, meaning for silver to go up to that level once up to
2:44
that level twice up to that level for a third time and not
2:49
break out is very, very unusual. And it appears, right, we'll see
2:54
what happens next week, but it appears we are breaking out.
2:58
Are we on the verge of now? Let's go look at gold real
3:02
quickly because these metals are just amazing lately.
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I mean, they are so resilient. It's everybody's waiting for a
3:10
correction for a correction, but it's just not happening.
3:13
Gold in the futures market, $2673.
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But guys, it does it just feel like to you, man, it's
3:23
unbelievable. There's a two year chart of
3:25
gold, but let's look at like a six month chart of gold.
3:29
Oh, even that I mean gold every time you think or silver that
3:35
it's going to get beat down and it does, it just comes fighting
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right back. Let's talk about FOMO.
3:40
You know what FOMO is, right? Hey, thank you for the Super
3:43
sticker, mud. Appreciate that my friend.
3:46
Let's pull you up there and say hello.
3:48
Hello mud FOMO fear of missing out.
3:54
Are we on the verge of FOMO in silver in particular?
4:00
A lot of people miss the gold rally, right?
4:03
So if they see silver starting and we got it, we got a ton of
4:07
reasons why, right? But if these people that saw
4:11
gold take off start to see silver take off, they there
4:15
could be a mad rush into the silver market.
4:18
I think this picture sums it up very, very nicely.
4:23
This comes from our friend Make Gold Great Again and it shows.
4:28
Take a look at this picture. There's silver demand.
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On the left hand side, the warriors, OK, there's the city.
4:35
On the other side, there's the Moat, he says $32.75 silver.
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I'm, I'm telling you, once we breakthrough that river on the
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other side is the FOMO. We are going to see people
4:48
rushing into the silver price, people that don't want to miss
4:52
out and there's just not going to be any sellers.
4:55
There just won't be any sellers. Now look, you know, I could be
4:59
dead wrong about this, but why wouldn't there be any sellers?
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We got to remember critical reason why there'd be very few
5:08
sellers of silver up above 3234. Thirty $6 per oz.
5:14
Because guys, they're just aren't.
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Do you know anybody that bought silver when silver spot price
5:20
was $38.00 an ounce? Right?
5:23
No, there's hardly any people. But silver has only been up this
5:27
high for very short periods of time really in the history of
5:31
silver. So there aren't a ton of people.
5:34
Think about this. If you'd bought a boatload of
5:36
silver when it was $38.00 an ounce and you bought it back in
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the 80s or the 7980 when it was going up, or you bought it in
5:44
2011, you thought you had FOMO. You don't want to buy silver or
5:49
gold when FOMO fear of missing out is going on.
5:52
But if you had bought a big giant 5 monster boxes of, of
5:59
American Silver Eagles or whatever back during that period
6:03
when silver was at $38 per oz, in all these years, you watched
6:08
it silver go down to 16122223, you'd be waiting.
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You'd be telling your significant other if silver ever
6:16
gets back to $38, I'm going to sell.
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And the point there is the big, the important thing to remember
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is there just aren't many people who bought silver at that level.
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So there won't be a a big supply of new silver coming onto the
6:31
market. Sure, they'll be some supply,
6:33
but nothing crazy, nothing big. OK, There were a lot of people
6:37
who had bought silver at 282930, right?
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And all those people that were waiting for $30 silver, they've
6:46
already sold. Bye bye.
6:47
You know, good for them. Everybody's free to make their,
6:50
but they're gone. So now as we move forward, we're
6:53
in a potential situation where we could see less supply of
6:57
silver, less sellers coming onto the market, not to mention that,
7:04
right, that we know what's going on at the COMEX in the LBMA.
7:08
We know, right, that those paper phony markets have artificially
7:14
suppressed the price of silver and gold to a certain degree for
7:19
decades. But especially with silver,
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there's a massive short position.
7:25
Is whatever all the big guru say, still a big short position
7:29
in the silver market. And man, guys, think about this
7:32
once, once we get over that river, once we get silver, the
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silver price up to $3839. What do you think?
7:40
Those investors? I'm feeling kind of nervous this
7:44
morning myself, But those guys at JP Morgan and Gold, Goldman
7:47
Sachs, the big banks that have all this short position on
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silver, if indeed they do, they're going to, they have to
7:55
buy the silver back. They have to cover their shorts.
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So it could be on so many levels, a slingshot move, all
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the shorts having to cover the big money, the bank shorts
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having to cover buy back. OK, all the people, the average
8:11
people that are going to fall into the FOMO fear of missing
8:15
out routine, I mean, and then the the fundamental supplies.
8:18
It could be a very, very interesting crazy time.
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Happy time for us basement dwellers in the silver market.
8:26
By the way, thank you for being here today.
8:28
You are the most important part of the basement.
8:32
It really raises my spirits to see you and I hope you feel the
8:35
same way. You're always welcome here.
8:36
You're always part of the group. Call yourself a basement dweller
8:39
if you please. But the most important part is
8:41
we want you to feel welcome. You are welcome.
8:44
We're we're in the basement because we like to dig a little
8:47
deeper and, and look at what's going on.
8:49
And we are so excited about what's happening right now in
8:53
the precious metals market. OK, silver, the other big and
8:57
gold, this is the other. This is what happened yesterday
9:02
is a big deal, is a huge deal. OK, let's go out to channel
9:07
sponsor Pembacs. But I want to tell you why what
9:10
happened yesterday in the gold and silver markets is a big
9:14
deal. There we have gold up a dollar
9:15
$32,657. Think about where gold was a
9:21
year ago. Silver $32.25.
9:26
Guys, a year ago silver was fighting for $20 per oz.
9:31
Unbelievable. Where are we going to put?
9:32
Why was yesterday such a huge deal for silver and gold
9:38
investors? Because yesterday was a big
9:40
deal. We got unbelievable, and that's
9:45
an understatement. Jobs numbers from the Bureau of
9:49
Labor and Statistics, also known as the WWE, the World Wrestling
9:53
Federation of the World. I mean, I'm telling you, I think
9:57
that that the professional wrestling at this point is more
10:01
rooted in reality than the data that we get from the Bureau of
10:05
Labor and Statistics. But that's just my opinion.
10:08
I'm sure there's some fine people who work there, but
10:11
supposedly the economy created 250,000 jobs.
10:14
And. Oh, do you think that had that's
10:17
just a coincidence that that was like the last big report to come
10:21
out one month before the presidential election?
10:24
I'm sure that had nothing to do with it whatsoever.
10:28
They wouldn't have. No.
10:30
Do you think they wouldn't have wanted to make the economy look
10:33
strong? Because remember, biodynamics,
10:36
it's working. It's working great.
10:38
Yeah. If you're part of the top 1%.
10:40
I digress. But what happened yesterday?
10:43
Why? What's the reason why?
10:46
What happened in the gold and silver market yesterday is such
10:49
a big deal? Because gold and silver did not
10:53
crumble, did not crash. We predicted that the number
10:57
would be great. I mean, it was pretty obvious
10:59
that we're going to fudge the number.
11:00
And we have talked ad nauseam about how now, next month and
11:04
next year they'll come back and say, oh, that number we reported
11:07
a month before the election, it was off by about 150,000 jobs.
11:12
Nonetheless, we predicted what would happen.
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The, the, the reaction from gold and silver is critical because
11:22
what it demonstrates to us is the fact that gold and silver
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number one, don't believe the hype.
11:30
Don't believe the hype. Remember that song anyway #2 I'm
11:34
forgetting #2 because I'm getting older.
11:36
I can't remember all this stuff. They don't believe the hype and
11:40
#2 well, you know, gold and gold and I know #2 gold and silver
11:49
are, are demonstrating that they have, they are decoupling from
11:53
the traditional relationships that we are in an absolute new
11:57
era for the metals. Next week we can see silver
12:01
continue. Next week for silver, silver,
12:04
silver warriors, silver soldiers, silver soldiers.
12:09
This is Sergeant Ron from Ron's basement.
12:12
Next week is massive for us. OK, If next week I'm sitting
12:19
here talking about 33, fifty, $34, even above $32 silver,
12:25
that's a big, big, big, big deal.
12:29
OK, look, the reality is we could be talking about $2829
12:33
silver next week. I don't think that's going to
12:34
happen, but it certainly is within the realm of
12:37
possibilities. That's why we got to be prepared
12:39
for anything. But if silver continues upward,
12:42
it's going to be a big deal. It's going to have those boys at
12:46
the LBMA, the London Billion Market Association over in
12:49
London, England. Yeah, the boys who have
12:51
manipulated the metals prices, the LME, the London Metals
12:55
Exchange for decades, They're they're, they're going to be,
12:58
we're going to send them a box of Depends diapers.
13:01
Remember what happened in the nickel market about a year and a
13:04
half ago? Guys, the nickel market broke
13:08
the nickel, you know, nickel, the metal nickel, OK, it broke,
13:11
it exploded. It had a squeeze.
13:14
It was a big, they had to shut the market down for like 5 days.
13:17
That same thing can happen in the silver market.
13:23
And those boys and girls at the LBMI, but also Comax,
13:28
COMEXCOMEX. Yeah, right, right, right.
13:32
Those Crimex, I think coin shop, Chris calls it, right.
13:36
They're gonna be. They're gonna be having to check
13:39
their pants because I'm telling you what, it can get ugly and it
13:42
can get ugly very, very quickly. Remember silver squeeze, short
13:47
squeeze, right? I know we don't talk about it
13:50
that much, but it absolutely can happen.
13:53
Am I saying it's going to happen next week?
13:54
I don't know, right? I think they're obviously
13:57
statistically there's a slim possibility, but it can
14:00
definitely, definitely happen. And we know there's a lot of
14:04
reasons why. Join me in a quick sip of
14:06
coffee. Thank you, guys. 500 of us on a
14:09
Saturday morning. Let's go see what a what one of
14:19
the top analyst in the world is saying about silver.
14:23
This is about silver, OK, But he also is talking about gold.
14:26
This comes from our good friend, friend of the channel.
14:30
Well, I've never met him in person, so I'm, I'm fibbing
14:33
there. But a guy that I really like and
14:35
I love his work at Kitco. A good friend, Neils Christian
14:40
says despite near term consolidation, gold still on
14:44
pace to hit $3000 in 2025. That's from Saxobank and that's
14:49
from Ole Hudson, and that's by Neils Christensen over at Kitco,
14:55
and there's some pretty gold. O Hanson, head of commodity
15:00
strategy, excuse me, at Saxo Bank, has been bullish on gold
15:06
and silver since the beginning of the year.
15:09
In his Q4 outlook, he noted there's no reason to change the
15:12
perspective just yet. He talks about silver, two guys,
15:16
and you're going to like this, He says.
15:17
We forecast further upside for gold by year end and into 2025,
15:23
when the yellow metal could potentially reach another
15:26
psychological mark of $3000. He said in his report, $3000
15:32
gold by Christmas. Well, year end, we'll see if
15:38
that works out. But supported by a stabilizing
15:42
industrial metal sector, silver could potentially perform even
15:46
better, particularly given its relative cheapness compared to
15:51
gold. This could see it target $40
15:55
next year. Suddenly, are you noticing
15:57
something? Even Citibank, we talked about
16:00
that right now we've got Saxo Bank.
16:03
Suddenly everybody's talking about $40 silver.
16:07
Huh, Interesting. Representing a conservative
16:10
estimate of the gold to silver ratio at 75 versus the current
16:15
level of around 83. Despite his bullish outlook,
16:20
here's the bad news. The bad news is always in red.
16:23
In comments on social media, Ole Henson said he expects to see
16:27
some consolidation in gold in the near term as speculative
16:31
bullish positioning remains at its highest level in four years.
16:35
So basically what he's saying is a lot of retail investors in
16:39
general are shying away from gold because the price is so
16:44
high. And then a lot of the recent
16:45
move and support in the gold market, this is gold can be
16:50
attributed to like the futures market, electronic gold binds
16:55
speculators. OK here quote After hitting a
16:58
succession of fresh record highs following a surprisingly large
17:01
US rate cut, prices are showing signs of stabilizing.
17:06
I said in a recent note to Kitco News quote, some degree of
17:08
buying fatigue is starting to emerge.
17:10
Again, this is gold, not silver, raising the question of whether
17:13
we are approaching a long overdue consolidation or perhaps
17:18
even a correction. According to my estimates, the
17:22
price could fall by 4 to 6% without damaging the overall
17:27
bullish sentiment, particularly since most of the supportive
17:30
drivers are unlikely to disappear anytime soon.
17:35
Then, he says despite the growing downside risk, Hanson
17:38
said the market remains well supported as the Fed begins its
17:41
new easing cycle. Excuse me?
17:44
He also noted that investors are starting to move back into gold.
17:47
Back back into gold backed exchange traded funds.
17:54
Guys. The ETF demand is starting to
17:57
pick up as interest rates fall, lowering the precious metals
18:04
opportunity cost. Let's get back here.
18:10
Big, big take away from that article is one thing, OK, one
18:15
big thing. ETF demand for gold is starting
18:19
to pick up. Number two, big take away,
18:22
Silver is so undervalued, so underpriced.
18:26
Citibank is saying it. Citibank, right?
18:29
Ole Hansen, right? And he's not an Ultra Bowl.
18:32
He's talking about gold potentially going down by
18:34
$100.00 an ounce, but he's talking about silver heading up
18:39
into the $40 range. This is this is crazy
18:44
interesting. This this next.
18:47
Oh, wow. Hey, Silver Surfer, thank you
18:50
for the Super chat. Let's see, just watched.
18:52
Just wanted to say I ended up in the hospital, but watched your
18:55
channel every day and still do. Oh, man.
18:59
Well, Silver Surfer, our prayers go out to you, our fellow
19:02
basement dweller. That's touches my heart, right?
19:05
You were in the hospital and watching us.
19:07
So get well soon, brother. We love you.
19:09
There's a lot of great people here.
19:11
We'll all be thinking about you, praying for you if we pray,
19:14
whatever people do. But man, thank you.
19:17
Thank you for that nice comment. That really touches me.
19:21
I think one of the smartest people in the room when it comes
19:24
to what's going on with gold and silver is a guy named Dave
19:29
Earfley. He writes a a newsletter called
19:31
The Junior Mining Mining Junkie and he sends out a weekly e-mail
19:36
and it's long and it's good, but I have 3 paragraphs that I want
19:40
to read to you from his weekly e-mail that I think really sum
19:45
it up. Did you guys notice something
19:46
new here in the basement? By the way, anybody notice a new
19:51
stuffed animal anywhere? Does it feel like to you there's
19:55
an elephant in the room? What is the elephant in the
19:59
room? Right, the US national debt.
20:02
Look around for an American flag and see if you see an elephant
20:05
because it's the elephant in the room.
20:07
I'm never going to repeat that again.
20:08
That's exclusive for all almost 600 of you that are on this live
20:12
stream this morning. There's an elephant in the room.
20:15
Let me see if I can find it. Oh, there it is, right next to
20:19
the American flag. Wait till you hear the
20:22
brilliant. Right, the brilliant reason why
20:25
Dave Earfley talks about why we need to be concerned.
20:29
OK, we're going to get to that next.
20:30
I forgot. I want to say thank you.
20:32
There's one reason why, or one of the big reasons why we get to
20:37
get together like this in the basement.
20:38
Welcome to the basement. Remember, we only let 800 people
20:42
into the basement. After that, the door gets
20:44
locked. But it's made possible by our
20:47
channel sponsors. Bimbex has sponsored us here
20:50
guys for over a year. What makes me feel really good
20:54
are the emails that I get from basement dwellers telling me
20:59
what a great experience all of you have had with PMBEX.
21:03
Right? That was my experience.
21:04
But it's important for you to have your own experience.
21:07
Do your own due diligence, check prices, whatever.
21:10
But what I've always found with PMBEX is ultra competitive
21:14
pricing, great selection and what's really paramount is that
21:18
it's a company that I trust. I know the owners, I've become
21:22
very friendly with them over the last year, great quality people.
21:25
So I feel 100% saying I think Pembex is best and I believe
21:30
that if you give them a shot, you will too.
21:33
Now let's go. Let's say hi to each other, man
21:37
600 people. It's early on a Saturday.
21:39
We must. Hey, do you think maybe we love
21:41
to talk about our gold and silver?
21:43
Let's get out the Dave Earthly and listen to what he says
21:46
because this is just crazy interesting.
21:50
And now I can't. Where did I put it?
21:52
Oh, no, Oh, no. Oh, there it is.
21:56
Here we go, guys. Junior Mining Junkie.
21:59
That's the name of his newsletter.
22:01
Nothing venture, Nothing gain. Oh, there's the elephant in the
22:04
room. Here you go, kid.
22:06
Right. There's Uncle Sam handing over
22:11
the national debt to some of our younger Americans.
22:14
Actually, it's really very, very sad thing.
22:17
Gold and silver are rising exponentially along with the
22:22
government debt. You can sign up for this e-mail.
22:25
I would highly recommend it's Kitco commentary.
22:28
Here's the author's name, David Earthly Junior mining junkie.
22:33
But and I give no, I'm not sponsored by it or anything.
22:36
I'm not no interest in telling you about except that it's great
22:39
information. And this is where it gets
22:41
interesting. Rising gold prices to all to all
22:45
time highs in all major currencies is a sign that
22:49
something is amiss. Something is going on all right
22:53
while the safe haven metal responds to geopolitical
22:56
tensions and the massive increase in money supply and
23:01
debt payments, forcing central banks to lower interest rates
23:06
despite and this is critical guys, why did the Fed lower
23:10
interest rates if we're not in an we're not in an in a
23:14
recession according to the Fed and they hadn't won the war on
23:19
inflation isn't that interesting why did they lower interest
23:23
rates OK, think about that for a second with rising interest
23:27
payments, rising interest payments increasingly consuming
23:31
the beneficial effects of an increase in government spending.
23:35
This is the most plausible plausible rationale for Fed rate
23:39
cuts as real inflation remains well above it's mandated 2%
23:45
target. Especially when you consider
23:47
that this is crazy. I didn't, I did not know this.
23:50
70% of the national debt consists of accumulated interest
23:56
expenditures. That means, oh boy, we got to do
23:59
it. Hold on here and then we'll come
24:00
back. My computer knows where I want
24:04
to go. These things are getting smart.
24:06
Let's look at the debt clock that and remember I jumped by
24:10
just like in one day, 230 trillion or something the other
24:13
day. This #35 trillion dollars, 70%
24:17
of that number, according to what if I read that correctly,
24:21
is the result of this, the interest expense, the almost $1
24:25
trillion a year that we're paying right now in interest
24:28
expense per year that we get nothing for.
24:32
But again, remember, that number feeds into this number, the US
24:37
federal budget deficit, which then increases the national
24:41
debt. And what I had no idea, right,
24:44
70% of our national debt is, is made-up of previous year's
24:50
interest expense. I mean it.
24:52
That's why that's why we can confidently call this.
24:59
Let me look you in the eyes. We can confidently call this a
25:03
debt spiral, a debt Whirlpool, a debt quicksand.
25:08
I don't know, a debt poop show, whatever you want to call it.
25:11
All right, let's get back to Dave, because this man what
25:15
great. And this is.
25:16
I don't know, I get so excited about this stuff.
25:18
OK, I didn't sit down. Take a deep breath everybody.
25:23
US inflation is up 70% from the year 2000 to the year 2024.
25:31
I was thinking about that the other day.
25:34
I remember the year 2000 because I, I owned it about the time I
25:37
was working in, but it and I also owned a tech IT consulting,
25:42
little small IT consulting firm and I did executive recruiting
25:46
in the IT field. And I remember the year 2000.
25:49
I remember what things cost. Remember I bought a, a brand new
25:53
Nissan Pathfinder 4 by 4. I think it cost like $24,000.
25:59
And I'm thinking that same car equivalent today, I mean would
26:02
be like 60 or 70. I mean, it's crazy inflation,
26:06
right? And what is inflation, right?
26:08
It's the loss in value in our dollars.
26:10
But it's up 70% from 2000 to 2024.
26:15
Quick story too. I remember I had that brand.
26:18
I bought the brand new Nissan Pathfinder.
26:22
It was a great car made in Japan anyway and I and I remember and
26:25
I lived like 30 miles from my office at the time, which is
26:29
always a mistake. You always want to live close to
26:31
where you work. But nonetheless, I remember
26:34
stopping on Hwy. 30 in Saint Louis at a gas station to fill
26:37
up with gas right after I bought it cuz the darn thing only got
26:40
like 16 miles to the gallon. And I remember thinking I
26:44
couldn't believe how much gas went cuz I had a Honda Del Sol
26:47
before that that there was like 18 gallons of gas that I put in
26:51
this car. But I remember looking at the
26:53
gas price and it was like 98 cents.
26:55
I thought well gas is only less than a buck a gallon.
26:59
I mean, that was not that long ago, guys, right?
27:02
24 years ago. I mean, and gas is quote UN
27:05
quote cheap right now. We feel like at $3 they really
27:08
brainwash us. OK, no more stories.
27:11
I'm going to get right to it. US inflation up 70% while gold
27:17
is up 679% to suggest that inflation is not the problem.
27:23
Instead, it's monetary and debt growth that spawned a huge
27:29
everything bubble. the US federal debt is up 644% since
27:35
2000. OK, so inflation's up 70%, but
27:39
the debt is up almost exactly the same amount as the gold
27:43
price. OK.
27:44
And it has taken $1.64 of new debt to purchase a $1.00 of GDP
27:52
during this time. So what he is saying, and we've
27:55
got a chart I can show you right now hold on that it's that shows
28:00
exactly what Dave is saying is that it's debt growth, right?
28:03
And it and that is like nothing. It's make believe it's paper.
28:06
It's it's money growth out of nowhere out of nothing because
28:10
the money is not tethered to gold and silver anymore.
28:14
You know, President Nixon took care of that for us in 1971.
28:19
But do you want to see, do you want to see?
28:21
And that's the reason why they just make money, make more debt,
28:24
make more debt, make I don't know where.
28:26
Hey, babe, you know, Unicorn fart dust.
28:31
We can make all we want, right? Remember Ben Bernack saying that
28:37
Ben Bernanke? I remember like, oh, we can just
28:39
print money whatever we want. Well, let's see what happens
28:42
when they do that. This chart just completely
28:47
demonstrate it's one of my new favorite charts, Tarts charts.
28:51
It's right over there, right over there.
28:54
Hey, everybody, I'm on the side of the screen.
28:55
I shrunk gold and debt. The black line is the public
29:02
debt of the United States of America, right?
29:05
Hold on. Where is he?
29:07
Right there. The elephant in the room.
29:10
See the elephant next to the American flag?
29:14
That's the debt. The yellow line, Well, you
29:17
guessed it. Basement dwellers.
29:19
That's the gold price. Do you see a relationship?
29:23
Right. That's from 1966 between the
29:26
gold price and the current debt levels.
29:28
And the same is true for silver. These prices are only gonna keep
29:32
going up. OK, The value, the, the, the,
29:35
and we shouldn't even do it. Oh my gosh, We got, it's been 8
29:41
1/2 weeks since we talked about this critical, critical point
29:45
for us as silver. And maybe you're a gold stacker
29:48
as well. This came from our friend Coin
29:50
Shop Chris, who, by the way, has his own channel now.
29:53
You can check that out on YouTube.
29:54
Coin Shop Chris. This we don't.
29:57
Why are we even? I'm sorry.
29:59
I owe you an apology. All I talk about is silver price
30:03
measured in dollars. OK.
30:05
A fundamental key for us all to remember is silver and gold.
30:09
Think about Oz. Think about it in terms of Oz.
30:14
Think about it. You can think about this in
30:16
terms of dollars, right? And most of us do, but it's also
30:21
very critical. Think about this in terms of
30:23
gallons of gasoline, right Now this, think about it in Saint
30:28
Louis where I live, gas is like 3 bucks a gallon.
30:32
This is 10 gallons of gasoline, 10 gallons, half a barrel of
30:39
oil, a bushel of wheat, whatever.
30:42
However, right, this is not $32. This is $10.00 of gasoline.
30:47
What do you think it's going to be 10 years from now?
30:50
I'd be willing to bet that this is still going to be 10 gallons
30:54
of gasoline, 10 loaves of bread, whatever.
30:58
However I want to think about it.
31:00
Right. The three rib eye steaks.
31:03
That's what we need to remember. I'm sorry I owe you a big pot.
31:07
I'm really sorry. I'm not perfect, right?
31:09
And I need your help guys. I do the best I can down here
31:11
but whatever help you can give is always appreciated.
31:14
I love your comments. I love everything.
31:17
Hello Jake man, Jake was here. Jake from Jake's custom parts on
31:21
Friday. We had a great live stream
31:22
together. Great guy and he may even be
31:25
coming through Saint Louis later today.
31:26
So hopefully maybe I'll get the give my friend Jake.
31:29
Jake's a very lovable, huggable guy and on all seriousness, he
31:33
contributes a lot to this channel and he contributes a lot
31:37
to the general overall silver and gold community.
31:40
Friends with Andy Scheckman, Vince Lanchey, a lot of people,
31:44
Chris Marcus. Good people hang with good
31:47
people and Jake's definitely one of those good people.
31:49
So is Annie Oakley the one and only, right?
31:52
Thank you Annie. And so Big 10, the Silvershire
31:56
and my lovely wife, Susie Silver Susie.
32:00
OK, all right, here we go. So that's the deal.
32:03
It's only it's going to be debt. If that's that will continue it.
32:07
Guys, we're in good shape. We're in very good shape when it
32:10
comes to silver. OK, let's take a look at silver.
32:13
How do you think silver is performing all around the world?
32:16
This gets interesting. And what is it telling us and
32:20
what is the reason why this is happening to the silver price
32:24
all around the world? We will go to hold on here.
32:31
You guys don't want to see me take a little break from Ronnie.
32:35
Nope. Wrong one.
32:37
Where'd it go? Is this it?
32:38
Nope. Nope, Nope, Nope.
32:40
Here it is. Silver price all around the
32:42
world. Ronnie Stoferly, he's the guy.
32:44
I think he's in Switzerland. He's super smart.
32:46
Writes the book. The What is it in gold we trust
32:49
every year? Look at this chart.
32:51
Silver price performance. This is all over the world.
32:55
U.S. dollar, Australian dollar, Canadian dollar, CHF.
32:59
Do you know what that is? I had no idea what it was.
33:03
I'd heard of it, but I had to Google it.
33:05
That's the Swiss franc. OK, CHFCNY is the Chinese yuan,
33:10
the euro, the Great British pound in the Indian rupee and
33:14
the Japanese yen. 2009, Look at these prices that went up.
33:18
This is every year. Look at 2024, 34 percent, 34
33:23
percent, 38% in Canada, 36 percent, 3435303540 in Japan.
33:32
I was surprised, number one, just to see those numbers,
33:36
right. We know that like from one year
33:39
ago, silver's up 50%. But to see those numbers.
33:44
But what really surprised me as well was the fact that how how
33:48
close they all were. I would have thought some of
33:50
these would have been much higher.
33:52
And really the Japanese yen is the only one that that that that
33:56
tops out at 40%. But what is that telling us?
34:00
Why is the Japanese yen so overpriced, so much higher, so
34:04
much a higher increase than the others?
34:06
Well, the reason why, remember what we just talked about,
34:10
right? The value of precious metals is
34:12
very closely related to the elephant and the room, and the
34:15
elephant and the room is debt growth.
34:18
And when you talk about debt growth, when you talk about
34:22
monetary and fiscal mismanagement, there is no
34:25
better poster child in the world right now than our friends in
34:29
Japan. They have screwed it up like
34:32
nothing. They are.
34:33
They print money by, they've monetized their debt.
34:36
They are doing now what the United States will have to be
34:40
doing sometime here within the next two years, three years,
34:44
four years, two months, I don't know.
34:46
But they're monetizing their debt.
34:48
They're creating yen out of thin air to buy the government debt.
34:51
And when they try to do anything, I want you to think
34:54
about this when they try to do anything to fix that, right?
34:59
Remember, what was that like 7 weeks ago on a Monday?
35:02
The world you can't see me. Remember the Black Monday was I
35:08
think in August, 6-7 weeks ago when the Japanese stock market
35:13
dropped by 15% when they tried to do 1 little interest rate
35:18
increase, it destroyed the entire world market.
35:23
People were coming home from vacation, right?
35:25
People were freaking right just because Japan, I think they
35:28
wanted to raise their interest rate by like 1/4 of a point or a
35:31
half of what the yen carry trade and whatever that shows us
35:36
undeniably like Japan having that highest of all, highest of
35:42
all. Let's go back one more time.
35:45
Wrong chart Ronnie, there it is of anyone indisputable proof,
35:51
right? The debt growth will fuel the
35:53
price of the metals as we go into as we go into the the next
35:57
year's and there's no way out. There's no way out.
36:01
I know what you're wondering about.
36:02
I know, I know. What's on your mind right now.
36:05
Let's go take a look. We're going to go back.
36:07
We're going to go back our daily field trip.
36:10
I don't know why. I mean, I know you guys love
36:13
this too. Debt growth.
36:15
We looked at that already. Where is it?
36:18
OK, guys, the dollar to silver ratio, it has been skyrocketing.
36:24
We've been watching it for the last few weeks.
36:25
It was at 500, then it got to 600 and we in in it over the
36:29
last week, it's gone from like 640 now to 696.
36:35
OK. That means for each one ounce of
36:39
silver that the world will produce this year, the United
36:43
States of America, it's like for one ounce of silver, for each
36:47
one ounce that not the United States produces, but the world
36:51
produces, for each one ounce, the United States will create
36:55
almost $700.00 of M2 money supply.
36:59
That's like all checking accounts, bank accounts, blah,
37:01
blah, blah, blah, blah. That my friends, right, is debt
37:06
creation. OK, this is debt creation, all
37:13
right? And that absolutely,
37:16
unequivocally, unequivocally results right in higher precious
37:22
metals prices. We proved it here.
37:24
Here's here's your proof right there.
37:29
OK, looks like we got another super chat.
37:31
Hold on here, guys. Did I get it?
37:33
Oh my gosh, you guys are being super generous.
37:36
Hey, Jake. Jake, man, after all you do?
37:39
Yeah. You're the best.
37:41
OK, Mr. Mudd. Thank you, Jake.
37:43
All right. And Silver Surfer.
37:46
I thought we had one more. There we go, $50 silver on
37:50
basement. What's that say?
37:51
Let's see what our what our community is saying here, $50
37:55
silver sign on basement Christmas tree this year,
37:58
please, David. Well, David, I have $44.00
38:02
silver on the Christmas tree. Hold on, let's let's you guys
38:07
want to see an update on the Christmas tree.
38:10
Hold on here. All right, Silver Surfer, you
38:13
feel better soon here guys, I'll slowly move you over to the
38:18
Christmas tree. There's the Christmas tree and
38:23
as you can see right there is a sign that says 44 dollars
38:28
silver, which pretty much guarantees we'll get at least
38:30
that. But I'll tell you what, my
38:32
friend David, when we get to $50 or we get to 44 dollar, I'll
38:38
definitely move it to $50. OK, All right, guys, hold on
38:44
here. We got more, we got more.
38:46
Let's go take a look at how about thousands of dollars moves
38:51
in the gold price. We got a somebody who's who's
38:56
giving us a chart, some information that indicates, and
38:59
this is one of the best chartists that are out there
39:02
that he believes we are on the cusp of a massive move.
39:05
Guys, let's do you believe, I ask you a question, do you
39:11
believe that we could see, let's say $5000 gold next year?
39:16
Do you think we can see $5000 gold within the next three to
39:19
five years? I understand it seems
39:24
unthinkable to a certain degree unthinkable.
39:29
But I'll give you one reason why you might want to just consider
39:33
that it can happen if you're one of the doubters, OK?
39:37
Because just look back at a chart of gold from 2001 through
39:41
2011. Look at a chart of silver from
39:45
2001 to 2011. Look at those charts during the
39:48
70s when we had the exact same situation that we have now,
39:54
except right when it comes to debt, when it comes to world
39:58
geopolitical strife, the situation we have now is way
40:02
worse, way worse, right? Don't forget, All right, there's
40:06
an elephant in the room, guys. We got big trouble during those
40:11
periods during 2001 to 2011, OK, which was really tame compared
40:18
to what we have now. The silver price went from.
40:22
$4.00 to 50 dollars, $5 to $50. What however you want to look at
40:26
it, OK, these incredible moves definitely can happen right now.
40:31
So we're going to look at a chart.
40:32
Enough of me. Let's go out here to hold on a
40:40
second hope we got to come back to we'll go here right now.
40:42
This is from North Star Charts GOLD.
40:46
It's happening. Ding, Ding, Ding, Ding, Ding,
40:49
Ding, Ding, Ding, Ding. It's happening.
40:53
A move up of thousands of dollars is now highly likely in
40:59
the next three to five years. Again, this is another guy who
41:03
is not a perma bowl, who is not a permanent oh, the price of
41:07
gold's going to go. You know, been he hasn't been
41:09
saying this for four. No, these guys, a lot of these
41:12
guys. Charles Ninner, the Dutch guru.
41:16
He's up. He was a medical doctor and then
41:18
Goldman Sachs hired him, and he was a guru at Goldman Sachs.
41:22
And now he's on his own. He is.
41:24
I've heard him so many times. Charles Nenner.
41:27
NENNER. Look him up.
41:29
Write it down. Look him up later.
41:31
Listen to what he says. He says gold for the next three
41:34
years. And this guy usually is telling
41:37
people don't buy gold. A lot of times he's like, buy
41:41
gold, Ray Dalio, buy gold, right?
41:44
All kind. You know, the, the, the people
41:48
that are that are you, you don't want to listen to the people
41:51
that are just constantly saying it'll go up, it'll go up, it'll
41:54
go up. Listen to the people who will
41:56
tell you when they think it'll go down.
41:58
But when they say they think it'll go up and they're saying
42:00
they think it'll go up. Pay attention.
42:02
This is the Dow Jones to gold ratio OK important thing about
42:06
this when the chart is going up, that means the Dow Jones is
42:11
winning. So this takes the Dow Jones
42:13
industrial average, whatever it is right now.
42:15
What is it? I didn't follow it 40,000 and
42:18
divides that by one ounce of gold.
42:20
So when that when the Dow is going up and gold is going down,
42:24
this ratio goes up on this chart.
42:26
OK, So when the charts going up, the Dow Jones is winning.
42:29
When the charts going down, gold is winning.
42:32
And according to his his analysis of what's going on and
42:37
this goes back what all the way to 19 O seven.
42:40
Look how low overtime that ratio can get.
42:45
And when that ratio gets lower and what he's seeing right now
42:48
is a breakdown. We're already below the
42:51
seven-year moving average. If we fall below the cloud, it's
42:55
game over. Goldwinds Dow Jones Industrial
42:58
Average into a bear market and precious metals soar hundreds of
43:02
percent. OK, so, and we can see all types
43:08
of different small chart patterns here.
43:09
You see the red BLOB. OK, gold bottom here.
43:12
What we're looking for, What we're looking for is you see my
43:16
arrow is this line to continue downward.
43:20
All right, so right now we're at what, 20?
43:23
Well, now we're about 16 if we get down to this range down in
43:29
here. I mean, seriously, we're
43:32
talking, we, I don't even want to go there, but we're talking
43:37
gold 7-8, nine, $10,000. And so it's interesting.
43:41
These are real numbers. The reason why we pay attention
43:46
to these graphs and these charts is because these are real
43:49
historical numbers. This really has happened in the
43:54
past and if we even go remotely down in this, we could see the
43:58
gold price double. If we go way down here where
44:02
we've been several times over history, we're talking about
44:08
that $20,000 gold range, $15,000 gold range.
44:11
So the reason why this is important is because this is
44:14
just not make believe. This is real hard data of what
44:18
has happened in the past. So when it feels like, oh,
44:21
there's no way we could ever have $8000 gold, you're a gold
44:24
pumper, you're a silver pumper, you're a, you're a, you're a
44:27
clown right now guys, think about this.
44:33
If we were sitting down here in the basement 2001, when gold,
44:39
when silver was $4.00 an ounce, imagine that.
44:42
Oh, hold on. I don't need, I need to look you
44:44
in the eyes. You're still number one in my
44:48
book, guys. OK, If we were sitting down here
44:51
in 2125 years ago, we would have been full of a little more youth
44:56
and vigor, right? Most of us would have been
44:58
alive. But if we'd sat down here and
45:00
said when? So we're looking at silver and
45:02
it's like $5.00 an ounce. I said, you know what?
45:05
I think in the next 10 years, silver can go up 10 times.
45:08
We'd feel like we were crazy. It can happen.
45:12
Not saying it's going to happen, not predicting it's going to
45:14
happen next week, but it can happen.
45:17
Now, this idea of of $200 silver is not out of the question.
45:22
Right, right, right. Remember that, OK, remember that
45:26
it can happen. Let's go look and hear.
45:28
Ronnie Stoeferly shared another interesting.
45:31
He's he, he hit it out of the park in terms of Ron's basement.
45:34
Ronnie Stoeferly the historic median.
45:39
OK, when we talk about silver, gold to silver ratio right now,
45:44
I think it's what 8384 it's been his house 90.
45:47
He says, right and this guy right writes the book.
45:51
All right, we'll go. We'll click on his thing in a
45:52
second. He writes the Bible of of of
45:55
gold every year. The historical median for the
45:59
gold to silver ratio is 30 to one 32 one based on a gold price
46:05
of 2670 silver would be expected to trade around $89 per oz.
46:12
You know what, Ronald, Ronnie, Donnie.
46:16
I can make fun of all the Ron names cuz my name's Ron.
46:20
We're going to round that up to $90.00 an ounce.
46:22
OK? I really like him.
46:23
You know, he tweets that out to Peter Karrath, the guy that
46:26
wrote the, the, the, the book on silver, Tommy Costa, the guru
46:30
from Brazil, William Middlecoup. OK, zero hedge gold seek, but
46:34
look at this chart. Very interesting.
46:36
So he's saying, OK, on the left is the gold price.
46:41
So right now, let's say we're at 2600.
46:44
Across the top are the different gold to silver ratios.
46:48
So if you go at 2600 and you go to about where we are now kind
46:53
of in the 8090 range, we get the silver price where we are.
46:57
If we go all the way down to 30 at $2600 gold, we're looking at
47:03
$87.00 per oz silver. I'm sorry, I may have.
47:08
So $2600 gold and a 30 to one, OK, That means that it would
47:14
take, that would be $87.00 silver.
47:19
I'm sorry, it would take 30 ounces of silver to get one
47:21
ounce of gold. 233 numbers is too much for Ronnie to juggle in
47:27
my head. So very interesting.
47:29
If $2700 gold, let's just say we get to 50, OK, A50 gold to
47:35
silver ratio, which really is realistic, even 60.
47:39
But at 50, gold to silver ratio, we're at 54.
47:42
At 60, we're at 45. I mean, guys, silver is the most
47:48
that that that proves to us that silver is like the most
47:52
undervalued asset on the face of the earth.
47:54
We're almost at 800 people. Basement dwellers.
47:57
Thank you. You're a big deal.
47:59
Let's get to 800 then. Susie locks the door.
48:02
Nobody else is allowed. And why?
48:04
Why is that important? Why is that important?
48:06
You know, I was talking with Paul Morris, the director of
48:08
investor relations at channel sponsor First Mining Gold.
48:12
You learn more about them at First Mining Gold.
48:14
Paul's e-mail address is in the description of this and all my
48:16
videos. We're not, I'm not going to talk
48:18
about the company right now. I'm going to talk about the gold
48:20
and silver situation. And he was like, it's
48:23
astounding, right? That still he has this chart
48:27
that I think he wants to share with the our community.
48:30
It's astounding the small amount of money capital, not just in
48:35
the United States of America, but but on a worldwide basis
48:38
that's in gold and silver. He's like Ron, it's crazy.
48:42
You know, it's like, I don't know, .7% of the world's
48:45
capital. Look, and why that's important.
48:48
The reason why that's important is once we're we're shutting the
48:51
door. Go ahead, Susie, lock the door.
48:53
You got my, my, my, my. Go ahead.
48:56
Those people can't come in, right?
48:58
There's going to be no room. It's gonna be, we are so small
49:05
right now that just the smallest amount, right?
49:09
These Costco people are the beginning.
49:12
They are our friends, but it's gonna be a massive move.
49:17
Be prepared. The reason why, again, is
49:19
because we are. It's the law of small numbers.
49:22
I want you. This is critical for us to
49:24
understand, for you to understand.
49:26
And this is a mathematical fact because remember, we love.
49:30
We love the same mathematics shows no forgiveness on the
49:33
altar of truth, right? Remember, right, when it comes
49:38
to the national debt, the elephant in the room,
49:40
mathematics shows no forgiveness on the altar of truth, right?
49:46
God made it so that 2 + 2 always equals four, one of the laws of
49:51
mathematics that it's going to work in your favor.
49:54
If I got a deal for you and it's going to cost you nothing but a
49:57
cup, I got the deal of a lifetime for you silver and gold
50:01
investors, right? That's the fact that our numbers
50:04
are so small. It takes a, it takes very little
50:08
to double or triple-A small number.
50:11
It's a lot easier to go from 1% to 5%.
50:15
Think about it. And 5% is kind of the long term
50:18
average of the amount of money in the world that can be
50:21
invested into the precious model.
50:22
It's a lot easier to go from 1% to 5% than it is to go, let's
50:28
say from 10% to 30% or 10% to 50%.
50:34
That's a big thing, right? That's like Walmart.
50:36
Think about Walmart when they were growing like crazy, right?
50:39
When they only had 100 stores. It was easier for them to grow
50:43
by 50% for them to get from 100 stores to the 150 stores.
50:50
But now that Walmart has what, 10,000 stores, right?
50:54
They can't grow by 50% a year, They can't build 5000 stores.
50:59
It's impossible. Same thing with silver and gold.
51:02
The amount of money in the silver and gold sector, right?
51:05
When we're at 1%, it's a lot easier to go to 3 or 5%.
51:10
And those those that new that's would all be think about this.
51:15
Why another reason why it's a big deal.
51:17
That would all be new money coming into the sector.
51:21
It's going to be crazy. OK, guys, thank you for being
51:25
here. Thank you for all the Super
51:26
chats. Thank you to the moderators.
51:28
Thank you to everybody. Hello, Annie Oakley, I I see you
51:31
there, Jake from Jake's custom parts, big Tim, the silver
51:34
Shire. But most important, right?
51:36
Those people are absolutely important, critical you.
51:41
We come to the basement because we like to dig a little deeper
51:44
together. We can figure this out together.
51:46
We'll stick together and get through it.
51:49
Thanks to 1st Mining gold channel sponsor Fortuna Mining.
51:53
They're a gold and silver mining company with operations in Latin
51:56
America and West Africa. It's a stock I own, right?
52:00
I buy my silver from Pymbex, OK. I own first mining gold stock.
52:05
I own Fortuna Mining. I'm not giving financial advice.
52:08
They're just companies that I like, but I feel great about
52:11
having them as sponsors of Ron's basement.
52:14
I'm very grateful. Number one, I'm grateful to you,
52:18
right? Remember, right, you are the
52:20
big, big part of this, of this community.
52:23
We got a super chat coming through late.
52:25
Breaking question, I'll answer it.
52:28
That's an easy one. What are your thoughts on the
52:30
Sprott Silver Trust Exchange traded funds?
52:33
Thank you for your analysis and info.
52:36
OK, I actually made a video years ago.
52:39
I've made so many videos it'd be very difficult for you to find
52:42
it. About the Sprott physical silver
52:45
trust, that's the PP as in Peter SLV number one.
52:52
If I compare it to the SLVIII am I'm I'm bottom line, I like the
52:58
PSLVI, don't own it. If I were to own an exchange
53:03
traded, I think up there in Canada, they're called ET PS
53:06
exchange traded products instead of shares, they call them units.
53:09
But the Spratt PSLV physical silver Trust, it's my
53:14
understanding, absolutely has all the silver backed.
53:21
Every share, every unit is backed up by real silver.
53:24
And if I remember correctly, you can also, once you get to a
53:28
certain level, they'll actually send you the silver.
53:31
Look into that for yourself. But everybody who I respect and
53:35
I trust has, has said when you compare PSLV to the SLV, which I
53:42
believe is Blackrock's product here in the United States, the
53:45
SLVETF, that there's really no comparison.
53:49
Eric Spratt, I've never met him, but I know from hearing from
53:53
many people, right? Eric Sprott that owns Sprott
53:56
Asset Management, big investor, he loves silver and I've never
54:00
heard anything about the company or his company that he founded,
54:05
but very positive thing. So that's my, that's my thought
54:09
on that. I, I will give PSLB a thumbs up,
54:11
but remember, I'm not giving financial advice.
54:14
I'm not a financial advisor, but I do like Spratt.
54:17
Thank you for the Super chat. Thanks guys for being here.
54:19
OK, and I will see you soon. Have a great day.
54:23
Thank you.