Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨SILVER ALERT! - BIG News on COMEX, Big Banks and INDIA! - (China, Jane Street & Gold Price too)

Transcript

🚨SILVER ALERT! - BIG News on COMEX, Big Banks and INDIA! - (China, Jane Street & Gold Price too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Massive developing stories in the silver and gold market.
• 0:06
  Interesting developments, guys. By the time we get through this
• 0:09
  massive live stream, we're going to have a different perspective
• 0:13
  on where we are going and we are going some places today, last I
• 0:17
  checked, the silver price was up four, $5 per oz.
• 0:21
  But warning, warning, right? Don't forget, the Comex has a
• 0:25
  lot of tricks up their sleeves, so don't be surprised if there's
• 0:28
  another glitch in the COMEX system.
• 0:31
  I don't know, what do you think? What could be next?
• 0:33
  Will the servers and the data center, will they go on strike?
• 0:37
  Or maybe they'll head off on a meditation retreat?
• 0:40
  We got a lot to cover in this live stream.
• 0:43
  We're going to talk about the big mega bank.
• 0:45
  We're going to talk about the COMEX.
• 0:46
  We're going to talk about India. We're going to talk about Asia.
• 0:49
  And beyond all of this, providing a massive foundation
• 0:54
  for the precious metals. James St.
• 0:57
  And we got a lot more to go through guys.
• 0:59
  But let's get started first with the big mega news from the big
• 1:03
  mega bank and why this is so important.
• 1:06
  This comes from Citigroup, who yes, they said it, $150.00
• 1:12
  silver, but let's learn why and let's talk about why this is so
• 1:16
  important. Me pull up the article this came
• 1:19
  from originally MSN and here it goes.
• 1:24
  City reportedly expects spot silver to hit $150.00 per oz in
• 1:33
  three months. The analyst say precious metal
• 1:37
  behaving like quote UN quote gold on steroids.
• 1:41
  Well, we love gold, no doubt about it.
• 1:44
  And if silver is gold on steroids, that's what we talked
• 1:47
  about many times, a slingshot move in silver in red.
• 1:51
  The city analysts believe that the rallies being driven by
• 1:55
  strong physical and speculative demand or maybe the fact that
• 1:59
  there's been a silver deficit for the last five years going
• 2:02
  into the 6th year, which UBS said could be as much as 300
• 2:07
  million oz, which would be a record.
• 2:09
  I digress, particularly from China, according to Bloomberg.
• 2:13
  Wait till you hear did I tell you?
• 2:15
  Oh gosh, the whole one of the big stories we're going to talk
• 2:18
  about today is India. There's many reasons to be even
• 2:24
  more excited about silver and gold because of India.
• 2:27
  In green, City expects silver to continue outperforming until it
• 2:31
  appears expensive by historical standards.
• 2:35
  City sees an additional 3030 to 40% upside to spot prices that
• 2:41
  make believe spot price in the near term.
• 2:44
  That's if the servers don't go on strike, right?
• 2:46
  The bank also noted that if the gold to silver ratio were to
• 2:51
  return to its 2011 low. Oh my gosh, no way.
• 2:55
  The gold to silver ratio actually go back to the 2011
• 2:59
  low. That could never happen.
• 3:01
  Silver prices could reach 160 to $170 per oz.
• 3:07
  Final two points here. Citigroup expects silver's
• 3:10
  powerful rally to extend further forecasting.
• 3:12
  Spot prices could surge to a record 150 an ounce.
• 3:16
  Apparently. Guys, this is from Bloomberg
• 3:18
  within the next Oh, wait, here's the important part.
• 3:21
  Oh man, I screwed that up. Let's Start Over could surge to
• 3:26
  a record $150.00 per oz within the next three months, according
• 3:35
  to a report. There we go by Bloomberg on
• 3:39
  Tuesday. So let's think about this guys.
• 3:42
  We have one of the world's biggest banks, most respected
• 3:46
  banks, Citigroup. You know, they have like 200,000
• 3:49
  employees. That's like, that's like four
• 3:52
  NFL football stadiums full of what are all these people doing,
• 3:56
  probably trying to keep the silver price down.
• 3:58
  But now they gave up. So now the world's biggest bank,
• 4:01
  that's a big deal. That's mainstream financial
• 4:05
  services, kind of like Bank of America telling us we could have
• 4:08
  $309 silver. Kind of like all the other.
• 4:11
  We are a living in a new, whole new, new new world.
• 4:14
  Let's go to the COMEX and see what's going on there.
• 4:17
  And then we got India and we got a lot more to talk about today.
• 4:21
  Hey, oh, wait, the most important thing.
• 4:23
  I apologize to you. I'm sorry, I forgot have to
• 4:26
  recognize you and how special it is to both myself and my wife
• 4:31
  upstairs, Susie, who sits in this comfortable purple
• 4:35
  Adirondack chair and communicates with us be a
• 4:39
  walkie-talkie. No seriously guys, it's a
• 4:41
  community. We are basement dwellers.
• 4:44
  We love silver and gold. Thank you for being here.
• 4:48
  Please, if you want to stay up to date with everything going
• 4:50
  on, subscribe to the channel that's free.
• 4:53
  Give the video a thumbs up. That helps.
• 4:55
  That gets the word out to more people because the more of the
• 5:02
  people who join us, that's more people trying to buy gold and
• 5:06
  silver. And you probably already have
• 5:08
  yours anyhow. And what else?
• 5:10
  Oh, yeah, super chats. Super thanks.
• 5:13
  Monetary donations. Hey, look, they're greatly
• 5:15
  appreciated, but absolutely never expected.
• 5:19
  Always be responsible. And I'm not a financial advisor.
• 5:21
  All that great stuff. Let's go see what's going on at
• 5:24
  the COMEX right now. This comes from.
• 5:27
  I love this guy. He is the international, not
• 5:31
  just a stacker. He's an international stacker
• 5:34
  and I think he likes crabs as well.
• 5:36
  Anyway, breaking news COMEX just cash settled or rolled OK, That
• 5:42
  means they bought people out of their futures contracts or they
• 5:46
  rolled them forward rolled them to the probably I think it's the
• 5:50
  May contract is the next one another 4523 March silver
• 5:55
  contracts, which is 200. I'm sorry, 22.6 million oz
• 6:00
  forward to May in a desperate dodge.
• 6:04
  That leaves 6200 contracts or 31 million oz still standing for
• 6:10
  March delivery with registered bolts scraping by at 86 to
• 6:15
  87,000,000 oz. So the registered bolts, the
• 6:18
  metal in the COMEX, a vaults, warehouse, whatever you want to
• 6:23
  call it, not their server farm cause those people are on strike
• 6:26
  or having their glitching. They're doing all kind of
• 6:29
  meditation retreat. Anyway.
• 6:31
  The the amount of silver in the warehouses in the vaults
• 6:35
  available to satisfy the futures contracts is registered and
• 6:40
  that's 86,000,000 total. Post March vaults could crater
• 6:44
  to 55,000,000 oz remaining. But May is the real nuke 77,800
• 6:50
  contracts or almost 400 million ounces of open interest
• 6:55
  demanding delivery against a shrinking pile More glitches
• 6:59
  while I get news for international Stacker.
• 7:01
  We think we're we're predicting either the servers are going to
• 7:04
  go on strike at the Comex or they may go on a meditation
• 7:08
  retreat. When I say servers, I don't mean
• 7:10
  the people at restaurants. I mean, the computers that are
• 7:13
  supposed that are making up the make believe price for silver
• 7:16
  force majeure excuses or straight up COMEX collapse.
• 7:20
  Could it happen right? Well, they're real good at one
• 7:23
  thing and that is kicking the can down the road.
• 7:27
  OK, all right, let's talk about India next.
• 7:31
  Massive good news. 33 big reasons why we why India is a
• 7:36
  major driver in the silver and gold price.
• 7:40
  OK, before we do that, I want to say thank you to 1st Mint for
• 7:43
  sponsoring Ron's basement. They are the silver exclusive
• 7:47
  mint in the United States of America.
• 7:49
  In Las Vegas, NV, they get their silver from First Majestic
• 7:54
  Silver, who owns First Mint. So the silver goes from the mine
• 7:58
  to the mint directly to you. We don't have to worry about
• 8:02
  what's going on with the Comex or the LBMA.
• 8:05
  Literally with First Mint, right #1 you get a premium retail
• 8:08
  experience, but you also get the freshest silver on the market.
• 8:13
  It's just been mine and it's absolutely beautiful.
• 8:16
  You guys are given so much great positive feedback on 1st Meant.
• 8:20
  Let me show you their website real quick so you know where to
• 8:23
  go to check them out. Throw them in the mix next time
• 8:26
  you're looking to buy some bullion up wrong one.
• 8:29
  Here we go here we go there's their Las Vegas round.
• 8:32
  The website isfirstmeant.com. There's the year of the snake.
• 8:37
  I just love their products and there is a discount code which
• 8:42
  is VIPRB. Thank you.
• 8:44
  First meant for sponsoring Ron's basement and making our get
• 8:48
  together down here with the basement dwellers possible.
• 8:51
  Let's get that back on the right screen.
• 8:54
  Hold on here. Uh oh.
• 8:56
  I'm having some tech issues. What is happening?
• 8:59
  Hold on, guys. The computer's glitching.
• 9:04
  Come on. Hold on here.
• 9:08
  I don't know what's happening. Hold on.
• 9:14
  There we go and now we're back. Maybe you'd prefer to see me in
• 9:18
  small form. Look, India is a big, big deal
• 9:21
  and a massive driver of and we've got three with silver.
• 9:25
  Unbelievable. I mean, if we had told each
• 9:28
  other three years ago this was happening, we wouldn't have
• 9:30
  believed it. Our perspective, even us the
• 9:33
  long term bowls for silver and gold, our perspective.
• 9:38
  I mean, in the last six months, it's just exploding how
• 9:42
  different things are. Let's talk about I3, reasons why
• 9:46
  things are happening with India, and then we'll recap it all when
• 9:50
  we get to the end. And here we go.
• 9:54
  Sorry, guys, the computer is acting very goofy today.
• 9:58
  This comes from the Silver Academy.
• 10:00
  India's market regulator just outlawed Western price rigging.
• 10:04
  A new era for gold and silver begins.
• 10:07
  OK. And this was the story
• 10:08
  yesterday. This is reason #1 India market
• 10:12
  regulators from Reuters change gold, silver valuation for
• 10:16
  mutual funds. They basically, let's just read
• 10:18
  this. India's market regulator, the
• 10:21
  CB, issued groundbreaking circular on February 26th
• 10:25
  mandating mutual funds and ETFs to value physical gold and
• 10:31
  silver holdings using the domestic spot prices.
• 10:34
  That means the prices from the Indian market OK, from April
• 10:39
  1st. So that's 30 days from now
• 10:41
  scrapping reliance on the LDMA, the London Bullion Market
• 10:46
  Association benchmarks. OK, let's look I mean look you
• 10:49
  in the eyes. This is a big deal.
• 10:52
  This is India, one of the biggest importers of silver in
• 10:55
  the world, right? Scrapping the LBMA.
• 10:58
  The LBMA and the COMEX are are losing their grip on the world.
• 11:03
  We talked about this, and this is only point #1 but we talked
• 11:06
  about this, right? That, that, that a new pricing
• 11:10
  mechanism would come into play for silver and gold China in
• 11:15
  India. And this is proof right now.
• 11:18
  It's happening right in our very midst, as we are alive right now
• 11:23
  in the basement together, which is a great thing.
• 11:25
  Don't forget to subscribe. But that's only point #1 because
• 11:29
  now there's more news. And then there's a Whopper that
• 11:33
  even Bloomberg is covering. Hold on, wrong page.
• 11:38
  Wait a minute. OK, All right.
• 11:42
  Sorry, guys. The computer's acting funny, and
• 11:44
  that, in conjunction with my brain can make for some real
• 11:47
  mayhem. This is the other huge thing
• 11:50
  that's happening, OK? We're talking about silver being
• 11:54
  monetized. The RBI, which is the Royal Bank
• 11:57
  of India, The the, the the Indian central bank.
• 12:02
  OK, unlock Silver's loan collateral.
• 12:05
  It's, it's not just saying you can use Silver's loan
• 12:07
  collateral. Guys, this is monetization of
• 12:11
  silver. I'll explain why.
• 12:13
  Coinciding with the SCB announcement Thursday, February
• 12:16
  26th, the Reserve Bank of India affirms Silver's full
• 12:21
  monetization via its lending against gold and silver
• 12:25
  collateral directions 2025. Coincidence.
• 12:30
  Also effective April 1st and it's not April Fool's Day in
• 12:35
  India when it comes to silver. Silver is sidelined on shelves
• 12:39
  or in jewelry jewelry drawers that it can now.
• 12:42
  It can now be secure loans from banks and NBFC's with limits at
• 12:48
  10 kilograms for ornaments or 500 gram coins.
• 12:52
  Bullion excluded. Loan to value ratios tier from
• 12:55
  85% up to 75% at IBJA or exchange rates.
• 13:01
  Shifting households from informal lenders to formal
• 13:05
  finance. This silver revolution could
• 13:08
  unleash billions. And there's one more point that
• 13:11
  can unleash billions. Trust me again, even covered by
• 13:14
  Bloomberg in liquidity, especially in rural India where
• 13:18
  silver holdings rival gold. Guys, this is the biggest story
• 13:23
  in silver happening in the next 30 days.
• 13:26
  Well, one of the biggest, who knows what's going to happen
• 13:29
  when the Comex glitches again, but nonetheless, this is re
• 13:32
  monetization of silver. This is silver, right?
• 13:36
  Like this. I forgot to show you that's one
• 13:38
  of my favorite pieces of silver. I love that.
• 13:42
  That's the backside of the Buffalo round from channel
• 13:44
  sponsor first men. If you're in India and you own
• 13:48
  this, I'll let you look at it one more second.
• 13:50
  It's real money. Now you can take it to the bank,
• 13:54
  OK, and use it as real collateral to get money to
• 13:58
  exchange it for money. That is monetization of silver
• 14:03
  in India is a massive the rural farmers in India, OK, I think
• 14:07
  it's rice that they anyway, I've read this many times when they
• 14:11
  harvest their crop, right? What do they do?
• 14:14
  They buy silver, right? They know they don't trust the
• 14:17
  rupee or whatever it's called the their, their.
• 14:19
  I think it's the rupee, their currency.
• 14:22
  They've experienced paper Fiat money going to nothing over and
• 14:26
  over. They buy silver now instead of
• 14:29
  just keeping that silver, you know, and they buy ornaments.
• 14:32
  They can use it as claro. It's the monetization of silver.
• 14:35
  But wait, there's more. There's even a third reason.
• 14:38
  Okay, so they've thrown out the LBMA and the COMEX.
• 14:43
  You got to love that they're monetizing silver.
• 14:47
  But wait, there's more because then we get this massive
• 14:51
  breaking story out of India, and we're going to dig into this one
• 14:55
  just a little bit deeper. But Fred Hickey shared this.
• 14:58
  New rules come out in India. Under revised rules by the
• 15:02
  Securities Securities and Exchange Board of India, stock
• 15:08
  funds can invest the remainder of their portfolios.
• 15:11
  Wait till you hear about this. Up to 35% of their assets in
• 15:16
  gold and silver instruments as well as in units of
• 15:21
  infrastructure investment trust. Up to 35%.
• 15:26
  OK, now let's look and see if this works.
• 15:31
  Hold on one second, guys. OK, here we go.
• 15:35
  We got a couple. 35% of India expands rules for three.
• 15:41
  Oh, shoot, it's glitching. Hold on here.
• 15:44
  Stay with me. Here we go.
• 15:48
  I don't want to vote on that. No, India expands rules for 385
• 15:54
  billion stock funds to add gold. So let's review and then we're
• 15:59
  going to see what Bloomberg, Bloomberg, Bloomberg has to say.
• 16:04
  And unbelievable what's happening.
• 16:08
  There's a $385 billion worth of stock funds in India that the
• 16:12
  rules just changed and now up to 35% of that 385 billion can be
• 16:20
  invested into a silver and gold related instruments.
• 16:25
  It's, it's crazy guys, it's crazy.
• 16:27
  Let's look at what Bloomberg said and then we're going to
• 16:29
  recap it all. Wow, are you feeling warm and
• 16:32
  fuzzy about silver? And hold on here, Here we go.
• 16:39
  Here's what Bloomberg had to say.
• 16:42
  Make sure we got you up. Sorry for the tech issues today,
• 16:49
  OK, Bloomberg. Bloomberg India expands rules
• 16:53
  for 385 billion stock funds to add gold.
• 16:57
  This is mainstream media. More people are hearing about
• 17:00
  silver and gold. All right, India's market
• 17:03
  regulators has allowed the country's 385 billion actively
• 17:07
  managed equity funds to park more of their money in gold and
• 17:11
  silver, which we just read is up to 35%, giving them greater
• 17:15
  flexibility at a time when global demand for hard assets is
• 17:22
  rising. Wow, wow, wow.
• 17:27
  We're only talking about India. We haven't talked about Jane
• 17:34
  Street or China or all this other.
• 17:37
  We're only talking about India. And if my memory serves me
• 17:40
  correctly, we have three big reasons to be excited about
• 17:43
  India. They threw out the LBMA, they're
• 17:46
  re monetizing silver and they change their rules so that
• 17:49
  they're big stock funds can now invest into silver and gold.
• 17:53
  Think about it, think about, think about it.
• 17:56
  I don't mic drop. I don't know what else to say.
• 17:59
  Thank you India. Oh, by the way, there's 1.4
• 18:01
  billion billion people in India and their economy is growing at
• 18:06
  one of the fastest rates of any economy in the world.
• 18:10
  Next we're going to go to China and get an update.
• 18:13
  Unbelievable developments and and somewhere else in Asia.
• 18:17
  Do you think there's some big you're going to be surprised at
• 18:20
  what we're hearing about the man for physical metal in Asia.
• 18:23
  Before we do that, thank you to 1st Mining Gold for sponsoring
• 18:26
  Ron's basement. That's a company whose stock I
• 18:29
  owned long before they sponsored my channel.
• 18:31
  I made videos about him six years ago.
• 18:34
  You can dig them up and laugh at me.
• 18:35
  You think I'm bad now? I was really bad back then.
• 18:38
  Anyway, First Mining Gold is a development stage company, gold
• 18:43
  company with two huge multi million oz projects in Canada,
• 18:47
  spring poll in Ontario and Duparquet located in Quebec
• 18:52
  separately. Each of these projects has
• 18:54
  millions of Oz of gold in the ground.
• 18:58
  Millions and millions of dollars have been spent over the years
• 19:01
  to drill and define this gold in the ground.
• 19:03
  They're working through the development phase.
• 19:06
  Interesting to note, there's not a lot of big, big gold
• 19:10
  development stage projects in good jurisdictions and even
• 19:13
  fewer in Canada. You can learn more about the
• 19:15
  company at firstmininggold.com. Let's go to China and then we're
• 19:21
  going to let's look at, let's compare the price of silver in
• 19:25
  China to the price of silver in the United States of America.
• 19:29
  But let's go visit with our channel friend.
• 19:33
  I don't know personally, but I don't know.
• 19:35
  I've got a strong affection for the Oriental ghost who gives us
• 19:39
  the Chinese data. Guys, this is the real price of
• 19:43
  silver. OK, from the Shanghai Gold
• 19:47
  Exchange and the Shanghai Futures Exchange.
• 19:50
  Here we are, the Shanghai Gold Exchange 0100 and $1.00 per oz.
• 19:56
  Here we are at the Shanghai Futures Exchange. $104.00 per
• 20:04
  oz. Now their market is in a healthy
• 20:07
  state of contango, meaning the spot price.
• 20:10
  This is the spot price. Oh and by the way, they do this
• 20:14
  funny thing on the Shanghai Gold Exchange, you to trade the
• 20:17
  metal, you have to actually be able to back it up like 100%
• 20:21
  with real metal. It's not like make believe
• 20:24
  silver, it's real silver. That's the spot price of silver.
• 20:27
  That's their futures price. Let's compare, excuse me, their
• 20:32
  futures price one O 452 to this. What a joke.
• 20:41
  Oh my gosh, This is the Comex price 4 silver and make sure we
• 20:47
  got you on the right screen, which we do.
• 20:50
  So they're at one O 4 and we are at $93 at the Comex.
• 20:59
  Don't forget, right, They may be going on a meditation break or a
• 21:03
  strike or I don't know, maybe a herd of wild Buffalo are going
• 21:08
  to invade the data processing center at the Comex.
• 21:12
  Who knows what will happen next? Nonetheless, what I'd like to
• 21:15
  point out to you is that in the United States of America, the
• 21:19
  futures price for silver is approximately or a little more
• 21:24
  than $10 per oz less. Now what's also interesting to
• 21:28
  note is that we have a $93.43 futures price, which means our
• 21:33
  spot price should be lower than that.
• 21:37
  But what we see is it's right about the same $93.62.
• 21:44
  This is the world spot price, OK, the LBMA, the London Bullion
• 21:51
  Market Association and here's our price right here.
• 21:55
  And by the way, the people in India aren't going to pay
• 21:57
  attention to this 30 days from now.
• 21:59
  They know that it's make believe so that here's what's
• 22:03
  interesting, here's what's interesting.
• 22:08
  So in China they have a much higher price and a much
• 22:12
  healthier market. Think about that, about $10 per
• 22:15
  oz more per oz or $7.00 on the spot price, but much healthier
• 22:21
  because their market is in what is normal in any commodity
• 22:24
  market, a state of contango, meaning the spot price is lower
• 22:28
  than the futures price in the United States.
• 22:31
  We have an artificially low in the West, in London, in the
• 22:34
  United States, and artificially lower price.
• 22:38
  And at the same time, we've often been back in a state of
• 22:41
  backwardation, which means the spot price is higher than the
• 22:44
  futures price. Right now, they're about equal.
• 22:47
  We're in a state of backward tango, which is a term that
• 22:50
  we've created down here in the basement, kind of like the D
• 22:54
  basement trade that everybody talks about now that we created
• 22:57
  the D basement trade. Anyway, think about this.
• 23:00
  This is huge, OK? The fact that, that the, that,
• 23:05
  that the futures price on the LBMA and the spot price are
• 23:08
  about the same. It's, it's because it's, it's,
• 23:11
  it doesn't matter. It's all fantasy.
• 23:15
  Does that make sense? Right.
• 23:16
  Like, who cares? Like, they can make it whatever
• 23:18
  they want. And the fact that these prizes
• 23:20
  are about equal, I think leads more credibility to the fact
• 23:24
  that we are living in an absolute fantasy world.
• 23:27
  What if you're from Turkey? You want to hear if you're from
• 23:30
  Turkey, Silver and gold saved you.
• 23:34
  OK, Everybody worries about currency collapse and blah,
• 23:36
  blah. And, you know, look, I am not a
• 23:38
  big fan of the US dollar, no doubt about it.
• 23:42
  I love my country. I love what the Founding fathers
• 23:44
  laid out. I'm not happy with what's
• 23:47
  happened over the last 50 years. I digress.
• 23:49
  And the value of the US dollar has gone down.
• 23:53
  But what about if you lived in Turkey?
• 23:55
  This shows us in no uncertain terms.
• 23:58
  Hold on here. See if I got the right thing up.
• 24:02
  Nope. Hold on.
• 24:03
  Oh, wait. Before I forget.
• 24:04
  OK, well, let's go there first, and then we'll go back to
• 24:07
  another. I got more, more breaking news
• 24:09
  out of Asia, but if you lived in Turkey, right, the the currency
• 24:14
  is just done. Absolutely horrible.
• 24:17
  Let's go down here and I'm sharing the wrong screen.
• 24:20
  Now we're on the right screen. Sorry about that guys.
• 24:23
  Let's go down here. This shows the value of the
• 24:26
  Turkish lira in U.S. dollars. What this shows us is something
• 24:31
  very important to the five year chart.
• 24:33
  Five years ago, the Turkish currency was worth $0.15.
• 24:38
  Today it's worth $0.02. You can see in the upper left
• 24:42
  corner, as you can see, the value of their currency went
• 24:46
  down significantly, even when compared to the US dollar, which
• 24:50
  also went down. So it really went down more and
• 24:53
  more and more. The point I want to make for you
• 24:55
  here is to show you that people in Turkey and this isn't just
• 25:00
  look, you're no Turkey and we do have some people that join us
• 25:03
  from Turkey, which is awesome. But but but the point here is
• 25:08
  this. When you look at the silver
• 25:10
  price over periods of time and the gold price, look at this
• 25:15
  chart right here of the silver price, what it's done in Turkey.
• 25:20
  Look at the look at the chart of the gold price.
• 25:23
  That's five years. OK, you may not be able to see
• 25:26
  that real clearly, but that's what the gold price did.
• 25:30
  This is the silver price, right? We obviously had a big bump up.
• 25:33
  So the point is gold price, the gold price if we go back five
• 25:38
  years in Turkey went up by 1700%.
• 25:45
  That's 17 X OK. So despite what happened to
• 25:50
  their currency, the gold price did well.
• 25:53
  What about silver, you might ask?
• 25:54
  Well, on a five year period it went up 1873%.
• 26:01
  So almost 19 X people in Turkey who stored their wealth in
• 26:09
  Turkish. I think it's lira.
• 26:10
  Well, I hope I'm not screwing that one up.
• 26:14
  People who stored their in the Turkish currency, which I think
• 26:17
  is called lira, they lost their turkeys, their butts.
• 26:21
  They lost their. You know what's OK?
• 26:23
  People in Turkey who five years ago owned silver and gold did
• 26:28
  fine. They probably at minimum
• 26:31
  maintained their standard of living and I would say probably
• 26:35
  even increase their standard of living.
• 26:37
  OK, let's move on. Here we got a couple funny
• 26:41
  things to talk about. Before I do that, please don't
• 26:43
  forget Dirty Man Safe. If you're looking for a fun way
• 26:48
  to store things right and effective way to store things,
• 26:52
  check out Dirty Man Safe. And don't forget there's a
• 26:54
  discount code Ron 10. You bury these in the ground.
• 26:59
  You can check it out at their website.
• 27:01
  That comes with a sleeve and a cap.
• 27:03
  And then this goes down in there and these, I mean, they're super
• 27:06
  cool. When they first sent this to me,
• 27:08
  I was like, it's, it's actually very cool, very robust.
• 27:11
  The bottom is all sealed up. It screws off.
• 27:14
  And then you can put whatever you want in there.
• 27:16
  And I don't know what you might want to put.
• 27:18
  I've got a little plastic Unicorn inside mine, but maybe
• 27:21
  you've got something made out of metal that you might want to
• 27:24
  bury. Don't forget, right?
• 27:25
  You know, maybe maybe you have a safe at your house.
• 27:27
  Maybe you have a safety deposit box.
• 27:29
  I don't know what you have. None of my business.
• 27:31
  But burying things in the ground has been proven over the
• 27:35
  centuries to be one of the very safest places to keep valuables.
• 27:40
  Think about the pirates are. OK.
• 27:44
  All right, let's move on. Oh, my gosh, we got a lot more
• 27:47
  to cover. Well, let's look at something
• 27:48
  funny. And then we're going to look at
• 27:50
  a visual for Silver that is going to knock our socks off.
• 27:54
  And let's go here. Here we go.
• 27:59
  Silver trade shared this one. It's a classic.
• 28:03
  Hold on. OK, When the memes have more
• 28:06
  truth than the CME Group official statements.
• 28:10
  There's a there's a doctor. What's his name?
• 28:13
  Doctor Doom. I forget.
• 28:14
  Anyway, he's calling on the red phone.
• 28:17
  Silver's at $91.00 again. OK.
• 28:21
  And then there's the person on the other side.
• 28:24
  Time to glitch the Comex. Yeah, the Comex.
• 28:27
  I don't know. They may go out of.
• 28:28
  I'm thinking a herd of wild Buffalo invading the Comex
• 28:32
  server farm might be the next reason why they need to shut
• 28:35
  down in this guys. Right.
• 28:38
  This says it all, and unfortunately it may be a little
• 28:42
  blurry on your screen, but what it says is this all above
• 28:46
  ground, all above ground investment silver worldwide in
• 28:53
  this little silver Ignot little silver chunk, right, represents
• 29:00
  all the silver investable silver in the world, right?
• 29:04
  There's the what? Empire State Building, there's
• 29:07
  the US Capitol. It barely takes up what, maybe
• 29:10
  1/3 of the US Capitol. The point here is this, and we
• 29:14
  don't, you know, we look, I guess we take for granted that
• 29:17
  we understand. Maybe we don't realize, and
• 29:19
  maybe it's a good time right now for us to remember the
• 29:21
  fundamentals about silver, one of which is the amount of silver
• 29:26
  available on this planet, period is limited, finite, right?
• 29:32
  There's it. It takes millions and billions
• 29:34
  of years for silver to be created.
• 29:36
  There's only so much silver. You can't print silver.
• 29:41
  You can print some other things. OK.
• 29:46
  And there's only so much that's been dug up and it is above
• 29:49
  ground and we know that the world is chewing through it,
• 29:52
  right? We call it the silver rainy day
• 29:55
  fund That that that chunk of silver that you just looked at,
• 29:58
  that's the silver rainy day fund, right?
• 30:01
  It's the extra, the excess that's been mined that has not
• 30:04
  been consumed yet. Setting aside the fact that
• 30:07
  silver is a monetary metal, just from an industrial perspective,
• 30:12
  think of that, that Ignot in every year, a chunk is coming
• 30:15
  out. A chunk is coming out.
• 30:16
  UBS is telling us that they think that the silver deficit
• 30:20
  this year could be as high as 300 million oz, which would be
• 30:24
  another record for silver. And I almost forgot, somebody
• 30:28
  wants to say hi to you guys here in one second, OK.
• 30:31
  So don't forget, there's only so much silver on the planet.
• 30:34
  There's only so much silver above ground, and that silver
• 30:38
  above ground is being like Pac-Man chewed at every single
• 30:42
  day. Does that explain why there's a
• 30:45
  physical driven demand for silver right now?
• 30:48
  You bet there is, right? Does that explain why?
• 30:51
  And I apologize to you, it's been about 8 days since he said
• 30:56
  hello. Everybody's asking about him.
• 30:58
  He's doing great. He's happy again.
• 31:01
  For those of you who are new, this is Smitty the Silver Bear.
• 31:05
  That's a blindfold that he now wears as a, what do you call
• 31:08
  that? I don't know, like a like a Girl
• 31:10
  Scout thing where you put your badges.
• 31:12
  Anyway, that used to be on his blindfold.
• 31:14
  When we took his blindfold off, when we hit $85 silver, we
• 31:19
  discovered he actually has two 110th oz silver coins, Great UK
• 31:25
  Britannias as eyes. And he's telling us he doesn't
• 31:29
  want that blindfold to go back on.
• 31:31
  On a day like today when we're having good times in the silver
• 31:34
  market, it doesn't look like it will be the case.
• 31:38
  All right, guys, thank you. Hold on a second here.
• 31:43
  Yep, we're good. OK, Thank you.
• 31:45
  This feels weird having him right next to me.
• 31:47
  You're the most important part of the show.
• 31:49
  You're important to a lot of people.
• 31:51
  OK. Please take care of yourself.
• 31:53
  Thanks for joining us down here in the basement.
• 31:55
  Be prepared for volatility warning, right?
• 31:59
  And remember, I'm not a financial advisor.
• 32:01
  I speak my truth. But please always be responsible
• 32:04
  with anything you do with any of your money and be prepared for
• 32:07
  some volatility to the upside. Woo Hoo.
• 32:10
  OK. But volatility does go both
• 32:13
  ways. I believe wholeheartedly that
• 32:15
  and for just continued good times when I think about the
• 32:19
  years to come for the precious metals, most important, take
• 32:22
  care of yourself, OK? Be good and I will see you.
• 32:26
  Yeah, I see you. I'm going to see you next time.
• 32:29
  Bye. Bye.