Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Huge SILVER Update 🦍🦍 You Need to HEAR This! (Gold Price Inside + China NEWS)
Transcript
- 0:01We have more big, major stories that are going to impact the
- 0:04gold and silver market. We're going to cover them all
- 0:06today in this live stream. We're going to start with gold
- 0:09and look at some incredible data that goes back to other big
- 0:12rallies and why we could only be getting started right now.
- 0:17In this gold rally, we're going to talk about the world's
- 0:20biggest buyer of gold and why that might just be a little bit
- 0:23shocking to you. We're going to touch on the
- 0:25miners. We're going to look at more
- 0:27crazy price predictions. It's coming at us every everyday
- 0:30from everywhere. Price predictions, not only for
- 0:332026, but together. We're also going to hear about
- 0:37some long term price predictions that are sure to put a big smile
- 0:41on our faces. And most importantly, we're
- 0:44going to talk about China and silver.
- 0:47Why is China doing what they're doing with silver in the data
- 0:52that we have to look at today is astounding, OK, what they're
- 0:56doing, but also why they're doing it.
- 0:59It's all going to make sense. And then of course, the top five
- 1:03big reasons, crazy to think about these five reasons why
- 1:06silver looks good not only for the next year, but probably the
- 1:10next 10 to 20 years. Let's get started with gold.
- 1:14Jordan Roy Byrne is, in my opinion, he's one of the most
- 1:18entertaining, but also one of the smartest analysts out there
- 1:21when it comes to looking at what is happening in the gold and
- 1:27silver arena. Sorry, I'm getting off a phone
- 1:29call there from my sister. We're going to pull up Jordan
- 1:33Roy Byrne and listen to what he says about what's happening
- 1:37right now in the gold market. That's similar to other post
- 1:42breakout corrections. Listen to this closely and then
- 1:45I'll give you my thoughts. So again, we're looking at the
- 1:50first major correction post breakout, the three major
- 1:53breakouts on the same scale. And we also have an average
- 1:58here. And so we can see this is where
- 2:01they bought them. Both of those corrections in
- 2:03terms of time, they actually bought them right here and right
- 2:05here. So we are looking late June as
- 2:08far as a potential bottom. Now this is just a guide.
- 2:11Maybe we see a bottom in early June and maybe we see a bottom
- 2:13in early July. But this is a guide that informs
- 2:16us how long these corrections typically last.
- 2:18And this is where we are here and now.
- 2:21Now in the late 60's, the secular bull in the S&P, the
- 2:24stock market, the Dow, you know why they ended.
- 2:26There wasn't some big crash. It was because, and remember we
- 2:29were in an inflationary era. It was because you had a
- 2:30breakout in the 30 year yield that led to the end of the
- 2:34secular bull market in the S&P. Oh, and look right here, this is
- 2:37a 30 year yield. And look at this, this is
- 2:40threatening a move up like that. OK.
- 2:42So if we see this, this is going to trigger the end of the
- 2:46secular bull in the stock market, OK.
- 2:48I just want to go back and point out on his chart again, guys, we
- 2:56are right about bottom in early June, Maybe we see a bottom in
- 3:01early July. But watch my pointer if you can
- 3:04right there. What he's pointing out and what
- 3:07I saw, which I thought was a great piece of analysis.
- 3:09Thank you, Jordan. Roy Byrne is that, yes.
- 3:12Think about it, anytime there's a big breakout in the price of
- 3:15anything, whether you're talking about gold, a stock, silver over
- 3:19real estate, anything, there will always be a pullback.
- 3:22And you look at that pullback in gold in particular compared to
- 3:27what happened after previous pullbacks, right?
- 3:30We are at a point now where if we follow what what's happened
- 3:34in the past, we could be in for some very good moves in the gold
- 3:37price. Let's talk about the gold.
- 3:38Let's talk about silver in a chart and the gold to silver
- 3:41ratio because Rashad shared this one with us.
- 3:45And I think it shows us something very interesting.
- 3:47And right, we can't resist yet another silver $300 prediction.
- 3:52This is about the gold to silver ratio.
- 3:55It's a continuation triangle and it's about to break down.
- 3:58Now, remember, when the gold to silver ratio breaks down, that
- 4:03measures the number of Oz of silver that it takes to get one
- 4:06ounce of gold. When that goes down, that means
- 4:09that the price of silver relative to gold goes up.
- 4:12The gold price can continue to go up, right?
- 4:15Which we like we just saw. We're optimistic and realistic
- 4:19and thinking can happen. But if the gold to silver ratio
- 4:23compresses at the same time, it's like a double whammy.
- 4:27It's like a slingshot move. I've heard Michael Oliver talk
- 4:30about that before in the price of silver, OK, Rashad says.
- 4:35I expected to reach the 30 level by late summer.
- 4:39Minimum gold target $7000. So he's talking about gold going
- 4:44up. Minimum gold to silver target 30
- 4:48= a minimum silver target of $230.
- 4:52If gold goes to $7500, which doesn't seem out of the realm of
- 4:58possibilities at this point, and the gold to silver ratio goes to
- 5:0125, excuse me, Silver could then reach $300 per oz.
- 5:08Let's take a look at his chart and see why he's saying that
- 5:11again, right? There's the wedge pattern.
- 5:15Now, as you can see, we went into that wedge pattern.
- 5:19This is the gold to silver ratio in a downtrend, which makes it
- 5:24more likely that when it breaks out, this is going to break out
- 5:28either up, which would be bad for the silver price relative to
- 5:31gold or down toward like he's saying toward 30.
- 5:36That would be good. Now, typically with wedge
- 5:39patterns, they they resolve themselves, typically speaking,
- 5:44not always in the same direction as to what they what, what, what
- 5:49the price movement was going into it, which again is to the
- 5:53downside right there. Let's move on here to the
- 5:56world's biggest. This is crazy and this is very
- 6:00important. Do you know who's becoming the
- 6:04world's biggest buyer of gold? It's a very unlikely source in
- 6:10one that is like still flying under the radar.
- 6:12Most people aren't recognizing the potential of this.
- 6:16It is. Well, without further ado, let
- 6:18me pull up a piece of information that we have from
- 6:22Mr. Vince Lancey. Tether Gold Tethers gold hoard
- 6:27nears 20 billion as buying spree continues Tether Tethers
- 6:32Holdings SA bought more than 6 tons of gold for its reserves in
- 6:37the first three months of the year.
- 6:40Look at this chart. OK says Tether has become and
- 6:44this is sources Tether and Bloomberg, one of the world's
- 6:47biggest gold holders. OK, the top chart shows their
- 6:51gold reserves in dollars. OK, the bottom shows their gold
- 6:56reserves in ton tons. Whose tether?
- 7:00Tether is a huge crypto company. What's Tether doing?
- 7:04Tether is tokenizing gold. They have a product called XAUT.
- 7:09You don't have to like crypto. You don't have to like
- 7:11blockchain. You can be a pure if I don't
- 7:14hold it, I don't own it type person.
- 7:17That's great. OK, I understand.
- 7:19But that what you can be excited about with what Tether is doing.
- 7:24Tethers not creating digital gold.
- 7:26OK, that's a big misnomer. That's a big misnaming of what's
- 7:30going on. Tether is buying physical gold,
- 7:35right? They're becoming one of the
- 7:36world's biggest buyers of physical gold.
- 7:38They put that physical gold in a vault in Switzerland.
- 7:42It's audited now by a BIG4 accounting firm.
- 7:45So they're buying physical gold, putting it in a vault, and then
- 7:50they tokenize it. They don't tokenize it.
- 7:52They don't create digital gold. That's, again, a big misnomer,
- 7:57right? They buy physical gold and after
- 8:00that they then tokenize it. It's not unlike, you know,
- 8:04people keeping their dollars in a bank, which I'm not.
- 8:06You know, we won't go down that path, but everybody has to do
- 8:09it. It's there, OK?
- 8:11It's not unlike, you know, people that, that say it's
- 8:14digital gold are really misnaming it.
- 8:17It's tokenized gold. It's a real world.
- 8:19They can't create the token until they have the gold.
- 8:23Again, I'm not trying to talk you into liking it, but what I'm
- 8:26telling you is that is the future in a lot of ways because
- 8:30people all over the world love gold and people all over the
- 8:34world love to be able to, you know, if you're a, if you're a,
- 8:37a poor person in a unsafe country, you probably don't want
- 8:41to walk around with an ounce of gold or 1/2 ounce of gold or
- 8:441/10 of an ounce of gold. They like the fact that they can
- 8:47have it stored in a vault in Switzerland, right?
- 8:50That does a really good job of storing and securing gold and
- 8:55they can hold the, the token with them.
- 8:57There's a lot of benefits really actually, if you look into it,
- 9:01just my opinion of the tokenization of gold.
- 9:05And for silver, there's a lot. It really bridges the gap
- 9:08between physical ownership and digital ownership.
- 9:11And guys, it's also going to be a massive source of demand in
- 9:15the next 10 years for silver as well.
- 9:18No one's really had a huge amount of success yet tokenizing
- 9:23silver. But again, the key thing is to
- 9:25remember, to remember here is they can't create the token
- 9:29until they already have the physical gold or silver.
- 9:32So that requires them to buy large amounts of gold.
- 9:36And Tether is becoming one of the world's largest buyers and
- 9:40holders of gold. We saw stats not too long ago
- 9:44saying that outside of central banks, I think it was in March
- 9:48or maybe the first quarter, they were the world's largest buyer
- 9:51of physical gold. It's exciting and again, it's
- 9:55kind of like when the ETFs came around.
- 9:57And again, you can like or dislike the ETFs, but it is
- 10:01widely recognized that when the gold and silver ETFs came on the
- 10:04scene, they created a huge amount of demand for the
- 10:08physical metal as well. What about Deutsche Bank?
- 10:11Let's talk a little more about gold.
- 10:13Then we got some crazy information about China.
- 10:16We're going to get to a little bit later.
- 10:17And silver, but Deutsche Bank $14,000 gold.
- 10:22I apologize to you. Yesterday we talked about their
- 10:27$8000 gold call, but but buried in that report was also a
- 10:32potential that they pointed out for $14,000 gold.
- 10:35Before we do that. Speaking of gold, thank you to
- 10:381st Mining Gold for sponsoring Ron's basement.
- 10:41They are a Canadian gold development stage company. 2
- 10:45huge multi million ounce projects in Canada, Spring Pole
- 10:49and on Ontario and Du Parquet located in Quebec.
- 10:52There aren't a lot of big multi million ounce projects in good
- 10:57jurisdictions like Canada and 1st Mining Gold is doing a great
- 11:02job of moving theirs through the development stage.
- 11:05You can learn more about them at firstmininggold.com.
- 11:07Out to Deutsche Bank and $14,000 gold.
- 11:11This came from William Middlecoup who shared with us
- 11:17the Deutsche Bank is the first major bank to agree that gold
- 11:21could go to $14,000 per oz. What?
- 11:25What's the scenario? It's where emerging market
- 11:28countries like bricks flee towards gold.
- 11:32Imagine what would happen if Western countries did the same.
- 11:36So this is just looking at emerging market economies, OK?
- 11:41And all across the top this that would represents the share of
- 11:44gold in emerging markets as as a percentage of total reserves if
- 11:50it got to 40%. And on the left side, it looks
- 11:54at their emerging market at the amount that they're keeping in
- 11:59FX reserves. If that went to looks like US10
- 12:04trillion, OK, we would get over here in a gold price of $14,000.
- 12:14Now, again, guys, that's hard data presented by the massive
- 12:20German bank, Deutsche Bank, and we know what's happening in the
- 12:24world right now with the BRICS countries.
- 12:26We know that geopolitically and financially, the world is
- 12:30changing like never before. The world is not getting along
- 12:34right now like no other time in our history when the world
- 12:37doesn't get along. The reason why that's important
- 12:40for gold and silver investors, they don't trust each other.
- 12:43Oh, and guess what? When they don't trust each
- 12:45other, they don't trust each other's currencies, which are
- 12:48just a promise. That's all they are.
- 12:51They're not backed by gold. And where are they going?
- 12:54We know the hard data. They're going to gold.
- 12:56It'd be like if you had a neighbor that you didn't trust
- 12:59and he asked if he could borrow $10,000 from you.
- 13:02You're probably not going to give it to him, right?
- 13:05Especially if he has a history of not paying you back in the
- 13:07past. So these numbers that are coming
- 13:10from a major German bank are not out of the question is we're
- 13:16witnessing a world where big central banks, but also more and
- 13:21more people are are moving to protect themselves with gold and
- 13:25silver. Let's talk about the miners.
- 13:27Why is it important that we talk about the mining sector?
- 13:30Because it is yet to be recognized, yet to be rewarded
- 13:34for the incredible amount of profits that they are making.
- 13:38But why is that important to people that hold physical gold
- 13:41and silver? Because when the market wakes up
- 13:44to what's going on in the mining sector, it's going to bring more
- 13:48and more eyeballs, more and more money into the overall precious
- 13:52metals ecosystem. And this data is really, it's
- 13:57flabbergasting to read this. This is from Tavi Costa, the
- 14:04man, the myth, the legend. He says a new era for mining.
- 14:07Miners are generating roughly 7 times what they did at the peak
- 14:12of the last cycle. OK, he says.
- 14:15I'm old enough to remember when this space was considered
- 14:18uninvestable by the so-called experts.
- 14:21But wait, there's a lot more that's going on right now as
- 14:24well. But when we take a look, excuse
- 14:27me, at his chart, here we are today.
- 14:32OK, this is this is gold and silver miners total free cash
- 14:37flow aggregate is a fancy way to say total.
- 14:41We keep things simple down here in the basement.
- 14:44Here we are right now look at that green bar.
- 14:47OK, this is what he's talking about.
- 14:49This is 2011 when the silver price at $50 per oz.
- 14:54That was the amount of cash, free cash flow being generated.
- 14:57Then currently, we are at 7 times more free cash flow being
- 15:02generated in the mining sector. But it gets even more
- 15:07interesting when we go to this from Resource Alpha.
- 15:12Mining companies are turning into absolute cash printers
- 15:16right now, and we'll just go down directly to the chart.
- 15:24He talks about Newmont with gold at 4000.
- 15:30We got it up. Yes, we do.
- 15:31Gold at $4700, OK. That's the price of gold.
- 15:35That's what they can sell their gold at.
- 15:37Their average all in sustaining cost.
- 15:40This is what it costs them to dig up.
- 15:42An ounce of gold is less than $1300.
- 15:47That means for each ounce of gold that they're bringing out
- 15:50of the ground, they're generating $3400 in free cash
- 15:56flow cash, OK, they can sell that gold.
- 15:59There's always a customer for gold.
- 16:00That's an interesting thing a lot of people don't think about
- 16:03with mining companies. They don't have to worry about
- 16:06customers. They, they can, they can always
- 16:11sell their gold and always sell their silver.
- 16:14They don't have, they have to worry about customer service or
- 16:16anything like that. OK, silver, it's $75 per oz.
- 16:21Miners are generating, generating 70 to 150 percent,
- 16:24150% higher free cash flow between 6:00, about $60.00
- 16:30profit per oz because their average all in sustaining cost,
- 16:34what it cost the silver miner to get an ounce of silver out of
- 16:38the ground is between 14 and $18.00 per oz.
- 16:42So if it's costing them $15.00 an ounce to dig up an ounce of
- 16:47silver and it takes a lot of work, it's a big deal.
- 16:50But none the less, and they're selling it for $75.
- 16:54The silver miner is making $60.00 per oz.
- 16:59And right now we're starting to see it's beginning to happen,
- 17:04right. Big attention to the the gold
- 17:07and silver sector. William Middlecoup brings up Are
- 17:10you ready for the mining super cycle?
- 17:13He says we are in. This looks like it comes from
- 17:16Reuters. Big funds bet billions on a
- 17:19mining super cycle, it says. Major fund managers are
- 17:23heralding A sustained rally in mining and metals as money
- 17:28floods into the sector at the fastest pace in years, driven by
- 17:35robust AI infrastructure, rising defense spending and a shift
- 17:40away from expensive tech stocks. Guys, they're going to be,
- 17:44there's going to be a flood of money coming into the mining
- 17:50sector, which will be good for the overall precious metals
- 17:54sector. OK, next we're going to go look
- 18:00at, oh, some crazy price predictions.
- 18:04You guys love them. I love them.
- 18:06And it's not so crazy when we look at who's saying these
- 18:09predictions for the price of gold and silver.
- 18:12And then we're going to look at what's going on with China and
- 18:14silver, some astonishing news, why China's doing what they're
- 18:18doing OK, and what it means for the silver price.
- 18:20Before we do that, thank you to first met.
- 18:23If you want to get your hands on some silver right now, there's
- 18:26no better choice than first met. Here's their their Buffalo round
- 18:31the backside with what I think. I just absolutely, we love that
- 18:35Indian. Here's the front side of it.
- 18:39OK, it's a beautiful Buffalo round.
- 18:42But what's unique about First Mint is that they're owned by
- 18:46First Majestic Silver, Keith Neumeyer's massive silver mining
- 18:50company. So they mine the silver in
- 18:53Mexico, send it to Las Vegas, NV.
- 18:56That's where First Mint is located.
- 18:58They create these incredible silver bullion products and then
- 19:01they go straight to you. It's the only source where you
- 19:05can get silver from the mine to the mint delivered right to your
- 19:09doorstep, all at a great price, all with great customer service.
- 19:14And these are really world class silver bullion products.
- 19:17And to make it even better, there's a little discount code
- 19:20that you can use. VIPRB, very important person,
- 19:25Ron's basement. Thank you, First Mint, for
- 19:27sponsoring Ron's placement. Let's get into these incredible
- 19:31gold and silver price predictions because these are
- 19:35the big names, the big boys. Resource Alpha points out that
- 19:42Wall Street is finally catching up.
- 19:44This is Wall Street. Here are the latest 2026.
- 19:48This is These are predictions for this year, gold and silver
- 19:53price targets. Excuse me, gold JP Morgan $6300
- 19:59UBS, right? The giant Swiss bank 6200
- 20:04possibly going as high as 7200, Wells Fargo 61 to 6300, Deutsche
- 20:12Bank as high as 6000. But we know long term they're
- 20:16saying we could go as high as 14,000.
- 20:19Goldman Sachs on the low end at 5400 and think about that.
- 20:23We won't. We wouldn't be like too crazy
- 20:26upset if we got $5400 gold and Steve Hankey, the man the myth 6
- 20:32to 7000 silver bowl case, Bank of America 135 to $309 per oz.
- 20:40Citigroup with their 200,000 plus employees throughout the
- 20:44world, $150.00 and Keith Neumeyer, right, the founder of
- 20:49of of First Majestic Silver and 1st Mining Gold between 100 and
- 20:54$130.00 per oz. This isn't about expensive
- 20:58commodities. This is about collapsing Fiat
- 21:02currencies. And there's the same list that
- 21:04we just read through right there.
- 21:10And again, he points out a very important point.
- 21:13This isn't about gold and silver skyrocketing in value, although
- 21:18I believe they will, right, in real value.
- 21:21This is about price measured in U.S. dollars, and it's more
- 21:24about the US dollar losing value.
- 21:27But don't forget, right, we got to cover the 300 Club because we
- 21:31got a lot of people out there still calling for $300 plus
- 21:34silver. Michael Oliver.
- 21:36David Hunter, who's calling for $180 silver soon, but then $300
- 21:45in the coming years after that or higher.
- 21:48Alice there, Alice, Alice there. McLeod, Egon, Van Geyers, Matt
- 21:53Pipenberg, they've mentioned 300, four, $100 silver.
- 21:57The market sniper, We listened to him yesterday and of course,
- 22:00our friend Rashad. Now let's talk about what is
- 22:04going on with China. China is setting the tone.
- 22:09China has become the new price setter for silver.
- 22:13We've got some crazy data to look at.
- 22:16Let's start by watching a couple short videos.
- 22:20This first one is from Jesse Day's Commodity Culture, OK, and
- 22:26it features Clive Thompson and talks about why China is doing
- 22:31why. This is first the why why China
- 22:34is doing what they're doing with Silver's about one minute long.
- 22:38Move to restrict. Or, or rather, control silver
- 22:41exports is reflecting A broader push towards.
- 22:47Hold on here, guys. There we go.
- 22:51Sorry about that. Now I give you Clive from the
- 22:55very beginning. Chinas move to restrict.
- 22:58Or, or rather control silver exports, UH is reflecting A
- 23:02broader push towards UH resource.
- 23:04Security for China itself, they want to make sure that they can
- 23:08get their. Hands on that resource.
- 23:10If and when they need it, hence the fact that companies who will
- 23:12export and only a few can export will need permission.
- 23:15So it's serving from Chinas point of view, both as ensuring
- 23:19that the industrial needs can be met, but also it's serving as a
- 23:23kind of monetary hedging. The more silver they've got, the
- 23:27less they need to hold other currencies like dollar.
- 23:29And we're in a world where we all know that every currency on
- 23:33the planet to some extent is being debased, particularly the
- 23:35Well, I see, I don't want to say particularly the.
- 23:37Dollar because the dollar. Is in the middle of the bunch,
- 23:39but we know that the currency are being debased, so why
- 23:41wouldn't you? Hold a precious metal.
- 23:43Something which is in the long run going to hold its value and
- 23:46obviously appear to have risen in value because the price or
- 23:49the value of money is going down.
- 23:51So it's basically it's both their protecting themselves to
- 23:55make sure they got it when they need it for industrial use and
- 23:57while they're waiting they're using it to as a sort of
- 24:01monetary alternative. I mean, doesn't that make total
- 24:04sense, right? So China needs a huge wait till
- 24:07you see we got data. We're going to look at the
- 24:08amount of silver that they're using over the last 10 years.
- 24:12And it's mind blowing, but they need it for their industry.
- 24:15They need the silver, but at the same time they're using it as a
- 24:20monetary hedge against the US dollar.
- 24:23They're selling U.S. Treasuries right now.
- 24:26They know the writing's on the wall for the US dollar.
- 24:30So they can use it As for their physical needs because they need
- 24:33a ton of silver. But at the same time, the double
- 24:36positive the the extra added bonus is they can use it as a
- 24:41hedge. They can use it as a excuse me
- 24:45way to protect themselves against the dollar going down in
- 24:50value. Now we got another video.
- 24:58This one comes from Felix, Felix Praying, who's super widely
- 25:04followed. And listen to what he says about
- 25:07what, what, why China's doing what they're doing with silver.
- 25:22As of the beginning of this year, China, as your president
- 25:25says, replaced its 25 year old silver export system with a
- 25:31very, very tight licensing machine.
- 25:34So in plain English, silver doesn't leave China the way it
- 25:37used to. Only a handful of approved firms
- 25:40can export, and China isn't just a consumer of silver.
- 25:45Chinese refiners write this down.
- 25:47If you if you want to have one piece of data from this video,
- 25:50write this down. Chinese refiners handle an
- 25:52estimated 60 to 70% of the world's refined silver exports.
- 25:59So when China closes the door, the rest of the world fields
- 26:02every solar factory of electronics plan, every juror
- 26:05outside of China suddenly asked to compete with their domestic
- 26:09industry. So that's rule #1.
- 26:12And then we have rule #2 rule, rule change #2 and it's even
- 26:16more direct. It's the perfect companion to
- 26:19the first one. OK, so that's why China is
- 26:25restricting exports, right? China does also refine 60 to 70%
- 26:31of the world silver. And this next day that we're
- 26:33going to look at is going to show us in no uncertain terms
- 26:36why that's the case. And then we're going to pull it
- 26:39all together. Check this chart out.
- 26:44Eric Yuong, King Kong 9888 shares with us.
- 26:48We'll just go to the orange part.
- 26:51It's estimated the total China net physical usage, solar panels
- 26:56and DVS, just those two sectors between 2005 and 2025 S Over a
- 27:0420 year period for solar panels, they used 1.1 billion oz, 1100
- 27:14million or 1.1 billion ounces. For EVs, they used about 100
- 27:20million oz combined 1.2 billion oz over that period.
- 27:26Now look at the chart which makes it visually obvious to us
- 27:33what is happening with silver. The orange line right is their
- 27:38use of silver for solar panels. The blue, which really is just
- 27:43getting started, is their use of silver in EVs.
- 27:51Now we know one thing, right? Those numbers will continue to
- 27:55go up. But what's even more interesting
- 27:58is the EV side, which projections are in the next 5 to
- 28:0210 years, we could see an equal explosion in demand for silver
- 28:10from the EV sector in particular because of the solid-state
- 28:14batteries. Now think about this, as we
- 28:17learned all this data about China, what do we know that's
- 28:22happened in the last 3-4 months? We know that on January, in
- 28:26January, China banned exports of silver, China banned exports of
- 28:31silver. That was January.
- 28:33What do we know that happened in February and March?
- 28:36China imported mine, mind blowing, record-breaking amounts
- 28:42of silver imported, OK. They banned exports in January,
- 28:46and then in February and March they imported again, right?
- 28:51Forecasting high amounts of silver during those two months.
- 28:55And the wild card in it all is their sulfuric acid ban that
- 29:01they put in place starting just a few days ago on May Excuse me,
- 29:09Things are getting very interesting in China.
- 29:12And think about silver. Think about silver.
- 29:16Think about the demand. OK, 5 big reasons why.
- 29:19Think about the demand for solar and electric vehicles.
- 29:22Think about the chart that we just looked at.
- 29:25Think about the demand for jewelry as well.
- 29:28I know we never talked about it. Nobody ever does.
- 29:30To me, it's one of the big sleeper demand sources for
- 29:33silver that we're going to hear more and more about probably in
- 29:37the next two to three years. Yes, the Silver Institute, which
- 29:42many people have criticized, said the demand for for jewelry
- 29:46for silver is going down. It's a major source.
- 29:48I don't believe it is going down.
- 29:50I think silver jewelry throughout the world is going to
- 29:53be on a major upswing. Think about investment demand.
- 29:57Look, we have data that tells us that that 75,000,000 ounces of
- 30:03silver have been sold by investors so far this year.
- 30:07We don't need investors to start buying silver in that, which
- 30:12would be nice. All we need is for them to stop
- 30:15selling silver and that will create a huge imbalance again in
- 30:20the in the supply demand dynamic within silver robotics.
- 30:25We're going to talk more about this next week.
- 30:28Robotics is another one that nobody talks about and there's
- 30:31estimates of the number of robots humanoid, whatever you
- 30:34want to call them, agree, disagree, whatever, but that
- 30:37they are coming and they will also each one of those little
- 30:40robot you're I might just have a robot down here in a few years
- 30:45doing my live streams for me, but that robotics and are going
- 30:49to, excuse me, demand also a huge amount of silver.
- 30:55I saw a couple numbers. Some people are estimating as
- 30:58much as like 2/3 of an ounce of silver per robot.
- 31:04I mean, I guess it could be a neat future if we have robots
- 31:08that do a lot of stuff for us that we don't want to do.
- 31:11And then on top of that, as we've already discussed, right,
- 31:14the tokenization of silver, No one has really created a, a
- 31:19tokenized silver product that's caught on yet.
- 31:23That will happen probably in the coming two to three years.
- 31:27And remember something critical about tokenization, you can't
- 31:31tokenize an ounce of silver, excuse me, until you actually
- 31:36have the ounce of silver in a vault in store.
- 31:39You don't create the token first and then get the silver.
- 31:43You got to have the silver. OK, guys, sorry I'm dealing with
- 31:51a horrible sickness. I don't quite know what this is.
- 31:54Happens about once every four or five years, but we soldiered
- 31:57through. We got a lot to look forward to
- 31:59when it comes to the future of silver and gold.
- 32:02We're going to do it together. Thank you for joining me.
- 32:04On behalf of Upstairs, Susie and myself, we appreciate you.
- 32:08Please subscribe to the channel, It's free.
- 32:11Everything here is free for you, the viewers.
- 32:13We value you. We value you being part of this
- 32:17basement dweller community. Take care of yourself.
- 32:20Have a great rest of your evening and I will talk to you
- 32:23soon. Bye bye.