Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡$63 Silver⚡- READY Yourself for THIS -- (Jerome Powell Jackson Hole & precious metals price update)

Transcript

⚡$63 Silver⚡- READY Yourself for THIS -- (Jerome Powell Jackson Hole & precious metals price update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Welcome to the live stream. Welcome to the basement.
• 0:03
  We have a massive show today, $63 silver.
• 0:07
  We've raised the target for next year.
• 0:09
  You're going to know why when we get through.
• 0:12
  What is an incredible amount of data that we have to cover
• 0:15
  today? Some stories that are going to
• 0:17
  make your skin curl. OK.
• 0:20
  On top of that, we've got massive news this week on
• 0:23
  Friday, the biggest news story of the year for precious metals.
• 0:28
  Jerome Powell at the Jackson Hole, Wyoming.
• 0:31
  We're going to talk about why that is so critical for us to
• 0:34
  pay attention to as we head into the end of this week.
• 0:37
  And of course, we're going to talk about the gold price.
• 0:39
  We're going to talk about the silver price.
• 0:41
  We're also going to talk about the precious metal mining
• 0:43
  stocks. But first, I want to talk about
• 0:44
  you. Yeah, you.
• 0:46
  There's no Ron's basement without you.
• 0:49
  Thank you for choosing to be here.
• 0:50
  It's a big deal. Please subscribe to the channel
• 0:54
  that is free. Leave a comment in the comment
• 0:56
  section. Super chat, super thanks.
• 0:58
  Whatever those things are are never expected.
• 1:01
  Always appreciated. Let's dig into the first big
• 1:04
  story of the week, guys. On Friday, Jerome Powell will be
• 1:07
  in Jackson Hole, Wyoming condemning with all of the other
• 1:11
  big central bankers from all around the world.
• 1:14
  The reason why this is so important is there have been
• 1:17
  Jackson Hole, Wyoming meetings in the past that have created
• 1:21
  massive paradigm shifts in the world's monetary fiscal system
• 1:26
  and had major impact on the price of silver and gold.
• 1:30
  I'm making a prediction. I think that we are due for that
• 1:33
  to happen again at this meeting. Jerome Powell will be delivering
• 1:37
  a speech on Friday. But take a look at this.
• 1:39
  I think this just about sums up what we can expect to see make
• 1:46
  gold great again. Always hitting it out of the
• 1:48
  park. Big Powell Jackson Hole speech
• 1:50
  on Friday. Here we go.
• 1:52
  Take a look at this. Hello, darkness, my old friend.
• 1:56
  And there's our friend Jerome looking down and wondering how
• 2:01
  he can print more gold, which we all know is not at all possible.
• 2:06
  OK, yeah, The last time we did have the.
• 2:09
  Again, the reason why we want to pay attention to this, there was
• 2:13
  a Ben Bernanke speech at the Jackson Hole, Wyoming
• 2:16
  convention, whatever the heck they call it, pow wow back, I
• 2:21
  don't know, 12 years ago, 14 years ago, who cares?
• 2:25
  But that definitively marked a change in the paradigm for
• 2:29
  silver and gold. We could likely see that again.
• 2:32
  And look guys, you know that, you know the back story, the
• 2:34
  United States from a fiscal perspective with everything
• 2:38
  going on, it's going to be a it's going to be fireworks
• 2:41
  Friday. That's my prediction with
• 2:44
  everything going on in the monetary system, the fiscal
• 2:46
  system, the US debt level, the world debt level.
• 2:49
  And to top it all off, we've got the President of the United
• 2:53
  States and the in Washington, DC at at war with the Fed.
• 2:58
  I don't know, just be ready, be prepared.
• 3:00
  But I do absolutely believe that in the long run, short run and
• 3:04
  medium run, it's going to be positive for the price of the
• 3:07
  metals. OK, $63 silver.
• 3:10
  Did I tell you that already? How do you feel about $63
• 3:14
  silver? I have a vision that by April
• 3:18
  Fool's Day 2026, we are going to have $63 silver.
• 3:23
  Let's go back to the Fed real quickly.
• 3:25
  We still have elevated expectations that we are going
• 3:30
  to have There we go that we're going to have a rate cut here in
• 3:36
  29 days. Again, that will be bullish for
• 3:39
  the price. We dropped a little bit from
• 3:41
  this morning, but as you can see clearly on this chart from the
• 3:47
  CME Fed watch tool, what that's basically telling us this is
• 3:51
  that at the September meeting of the Fed, there's now an 83%
• 3:54
  chance that rates would get cut by 1/4 of a percent.
• 3:58
  We are now at 17% that we will not have a rate cut.
• 4:03
  What we do know that we have right now is a stagflationary
• 4:06
  environment. We have a economy that is
• 4:09
  slowing, OK. We have inflation that is up and
• 4:12
  will only get worse as the impact of the Trump tariffs
• 4:15
  continue to feed through. There's a lag effect.
• 4:19
  Remember, we always talked about the lag effect.
• 4:21
  The impact from those tariffs aren't going to be felt until
• 4:25
  23456 months later. And that's just what we're going
• 4:28
  to be facing here in the coming months.
• 4:31
  Stagflation is the most lucrative environment, the most
• 4:34
  fertile soil that you could ever ask for.
• 4:36
  For the price of gold and silver.
• 4:38
  Look no further than back to the 1970s when you had the silver
• 4:41
  price that went up what like 27.6 times, not percent times.
• 4:47
  And gold skyrocketed as well. Where we are, we are, we are
• 4:51
  moving into an environment where we absolutely have winds in our
• 4:54
  sail. Look at this.
• 4:56
  This is absolutely crazy and just gives us more proof that
• 5:01
  the overall fiscal situation in the country is, is is just out
• 5:07
  of control. And there we go from the Kobe C
• 5:10
  letter. Shocking stat of the day.
• 5:12
  Interest expense on U.S. debt has reached.
• 5:17
  Excuse me, somebody keeps calling me $1 trillion for the
• 5:21
  first for the 1st 10 months of fiscal year 2025, the most on
• 5:26
  record for this period. OK, but that's not the shocking
• 5:29
  part. This puts us on track to exceed
• 5:31
  1.22 trillion for a full year in interest expense.
• 5:35
  Over the last 12 months, gross interest expense also hit a
• 5:39
  record of 1.2 trillion. As a result, the interest now
• 5:44
  the this interest now the second largest U.S. government outlay.
• 5:48
  That makes interest the second largest government outlay only
• 5:52
  behind Social Security which is now 1.5 trillion.
• 5:56
  Don't worry, Social Security interest expenses coming for
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  you. This means interest expense is
• 6:01
  now higher than the defense healthcare spending which stood
• 6:05
  at 900 billion over the over the past year.
• 6:08
  This, boys and girls, is a crisis and it's been showed out.
• 6:14
  Let's quickly look at this, all right, This is the old WTF
• 6:19
  happened in 1971. What happens in 1971?
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  You take the US dollar off the gold standard and there is chart
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  after chart showing like this one, Worker pay has not kept
• 6:31
  pace with production since the 1970s.
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  See the orange line? That's a work net productivity.
• 6:37
  See the blue line, that's hourly compensation.
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  I highly recommend when you get some time to go out and look at
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  this. WTF happened in 1971?
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  Real GDP, real wages and trade policies in the US since from
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  1947 to 2014. OK as you can see in the blue
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  line, real GDP per capita skyrocketed.
• 7:01
  Hey great right? Real GDP per full time employee
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  skyrocketed. Average real wage GDP deflator,
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  average real wage adjusted for CPI.
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  So as you can see right here in 1971, everything did great
• 7:19
  except for the average American, OK, Income gains widely snared
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  in early post war decade, shared in early post war decade, but
• 7:29
  not since then. Again, the arrow points to 1970,
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  OK. And as you can see, the red line
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  represents the top 1% of earners.
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  They've done really great. OK, the blue line presents the
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  bottom 90% of earners and they've done very, very poorly.
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  Okay, gold and the gold price, let's switch over to the gold
• 7:50
  price now will have a major impact on the silver price.
• 7:55
  We got some interesting analysis here from the squeaky mouse
• 7:59
  who's saying that once gold break breaks out, I don't expect
• 8:02
  a retest and think we will see a strong move upwards, catching
• 8:07
  many off guard. What this chart is showing us is
• 8:10
  this massive consolidation period that we've been in and
• 8:15
  guys, I know today the price of silver, the price of gold are
• 8:18
  taking it a little bit on the chin.
• 8:20
  However, however, the long term outlook for gold and silver on
• 8:25
  every level remain super, super, super optimistic.
• 8:28
  All right, let's look at our what our friend Rashad is
• 8:31
  showing us. We are zipping through, but we
• 8:33
  just have a lot to look at today.
• 8:35
  Rashad says gold has two major breakout scenarios going
• 8:38
  forward. First scenario, further sideways
• 8:41
  price action or a slow grind until late August, early
• 8:44
  September and then break out and moderate advance.
• 8:47
  The second scenarios that I see gold sell off sharply, is that
• 8:51
  what we're seeing today, the 3220530250 area clearing out
• 8:56
  stock losses and then quickly rallies.
• 9:00
  He favors the second option. It is going to be more dynamic
• 9:03
  and in faster. Let's see which one
• 9:05
  materializes. He's ready for both.
• 9:08
  In any case, I'm strongly convinced that big move is going
• 9:11
  to happen before mid-september, so about one month from now.
• 9:16
  And again, on that chart, we can see that massive consolidation
• 9:20
  phase. What he's talking about is us
• 9:22
  coming down, you know, into this range a little bit and then
• 9:26
  shooting much, much, much higher.
• 9:28
  OK, this is interesting. And again, we're talking about
• 9:32
  gold because gold does impact silver.
• 9:35
  But did you know this about gold and we're going to talk about
• 9:38
  why this is important. 67%, right?
• 9:42
  More than 2/3 of above ground gold is in private hands.
• 9:48
  Is it in your hands, basement dwellers?
• 9:51
  And by the way, thank you guys for being down here, coming
• 9:53
  down, joining us live. It's a big deal.
• 9:56
  Again, you choose to be here. We love to talk about gold and
• 10:00
  silver. Don't forget, subscribe to the
• 10:01
  channel. 2/3 of gold is held in private hands, 17% held by
• 10:07
  central only. So I didn't realize that the
• 10:09
  world's most decentralized asset, the people's money.
• 10:14
  I love this concept of decentralized assets and
• 10:19
  decentralization as what that means is there is no central
• 10:23
  authority that controls the price value of gold.
• 10:28
  They can try, right? the US government tried taking
• 10:30
  us off the gold standard like we talked about earlier.
• 10:33
  Same is true with silver. There's no centralized authority
• 10:38
  that ultimately can control the value of silver.
• 10:42
  Now they may, if you choose, if you choose to price your silver
• 10:47
  and use the US dollar as the unit of measure, they may have
• 10:51
  some short term sway over the price.
• 10:54
  But in the long run, no one can control the real value, the real
• 11:00
  quote UN quote price. I don't like using the P word,
• 11:02
  but for lack of a better word coming to my mind, that's what
• 11:05
  I'll say, right? The real value of so it's
• 11:08
  decentralized. There's no central bank, there's
• 11:11
  no central authority that controls gold and silver.
• 11:15
  It's always been that way and it will always be that way.
• 11:20
  Talking about gold, more good news.
• 11:22
  And you know, gold impact silver, no doubt about it.
• 11:26
  This is coming to us from the Silver Academy.
• 11:29
  I'll share the right screen here.
• 11:31
  There we go. And boom, the gold avalanche has
• 11:35
  begun. China just forced the market
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  hands. And what he's talking about in
• 11:40
  this article is this big news story that came out a while back
• 11:44
  that the Chinese government is, let's say, encouraging the big
• 11:48
  Chinese insurance companies. And they are huge.
• 11:53
  They are huge to put 1% of their assets into gold.
• 11:58
  OK, again, what happens with gold will happen with silver.
• 12:01
  And you may say, oh, only 1%. It's a massive.
• 12:04
  The Chinese insurance industry is big.
• 12:06
  We continue to get more and more stories about governments and
• 12:12
  let's say wealthy people, maybe those 2/3 that are all over the
• 12:15
  world using gold to, to, to be a safeguard against what could be
• 12:21
  some coming financial and monetary storms on our near term
• 12:26
  horizon. All right, here we go.
• 12:31
  This is great. Can you see this coming to the
• 12:34
  West? This was just an awesome little
• 12:36
  quick video from David Lee. This shows Chinese investors
• 12:40
  continue to flock to the Shu Bay gold market.
• 12:44
  Look at this, guys. Imagine this.
• 12:47
  Let's make that full screen. That's a gold market in China is
• 12:56
  not going to be next. Is that going to be your local
• 13:04
  coin shop? Because the East is leading the
• 13:08
  West when it comes to gold and silver.
• 13:10
  Look no further than this. Another great one.
• 13:15
  Uh oh, wrong one. Hold on here.
• 13:19
  Here we go. Let's make sure we got you on
• 13:22
  the right screen, man. We are all over the place having
• 13:26
  some technical difficulties this morning.
• 13:28
  Apologize for that. These are the lovely sounds you
• 13:32
  can hear around the Shoe Bay gold market.
• 13:34
  The sound of 15. There it is again, the Shoe Bay
• 13:37
  gold market, the sounds of 15 kilogram and I don't know that
• 13:41
  you have volume right now, guys, it looks like we are having some
• 13:46
  technical issues and I don't think upstairs Susie is here to
• 13:49
  help us, but let me refresh this.
• 13:53
  Hold on, see if we can get this to come up for you.
• 13:58
  Come on, X, we're relying on you.
• 14:02
  What this showed was the actual physical metal being moved.
• 14:05
  OK, I don't know if you guys can hear that or not.
• 14:14
  Looks like we're having some issues with the X platform.
• 14:17
  What this shows are the actual large physical silver bars being
• 14:22
  moved around in the Chinese silver market.
• 14:24
  OK, another piece of data this about silver in particular the
• 14:31
  SLVETF. Now this is a big deal because
• 14:36
  as the Western investors come back to silver as the big money,
• 14:40
  right, Not the government's, but the big money, the hedge funds,
• 14:43
  the the private family offices, the people with a lot of money
• 14:47
  get back into silver. They're likely, one way they're
• 14:50
  likely to do that is through the silver ETF.
• 14:53
  And the silver ETF sucked 280. Oh, here we go.
• 14:58
  There we go from make gold. Great again.
• 15:00
  Sorry guys. The silver ETF sucked 285 metric
• 15:04
  tons of silver away from the LBMA yesterday.
• 15:08
  And we already know that the inventory levels at these COMEX
• 15:12
  in the LBMA, the London Million Market Association, are getting
• 15:16
  precariously low. Looks like this originally came
• 15:20
  from Solve Netbug. Netbug I shares silver ETF,
• 15:25
  metric tons of silver within the trust in London and New York.
• 15:30
  Let's pull that up on full screen.
• 15:32
  Wow, look at that trend, guys. Are you noticing something here
• 15:37
  on that chart? See my red arrow?
• 15:40
  It is going up and up and up again.
• 15:43
  And we, you know, no, no discussion of silver and gold
• 15:48
  would be complete without Speaking of our friends and
• 15:51
  India. We love India.
• 15:52
  Indian people love gold and silver.
• 15:54
  It's ingrained in their culture, much like it's ingrained in the
• 15:57
  Chinese culture. But now get this, in India, they
• 16:01
  are putting out wrong one. Darn it, did I forget to pull it
• 16:08
  up? Oh well, I'll just tell you a
• 16:14
  lot for me to show to you guys today.
• 16:16
  There's a lot going on in the world of gold and silver.
• 16:19
  They're putting out silver and gold vending machines in India
• 16:23
  that are like updated with the most recent prices.
• 16:26
  It's happening right now. It's happening all around the
• 16:29
  world because remember, gold and silver are the original
• 16:33
  decentralized assets, the original forms of money for the
• 16:37
  world. Crypto has that same, that same
• 16:39
  attribute as well. Crypto is decentralized.
• 16:42
  Nobody can control, no government whatever can control
• 16:45
  the value of Bitcoin or any other cryptocurrency, something
• 16:48
  that's very much shared between the crypto world and the
• 16:53
  precious metal world. So what happens in India does
• 16:58
  have a big impact on the ultimate price of silver and
• 17:01
  gold. And there's 1.4 billion people
• 17:03
  in India who love silver and love gold and are becoming more
• 17:07
  and more wealthy by the day. I read some estimate not long
• 17:10
  ago that over the next five years they said that 100 million
• 17:14
  Indian people were going to be moving into the consumer class.
• 17:17
  That means they buy cell phones, that means they buy electronics.
• 17:21
  That means they have extra money to buy silver and gold and one
• 17:25
  buy crazy statistic. Because guys, when big money,
• 17:30
  when the generalist investors come back to the gold and silver
• 17:34
  mining stocks, it's going to be like trying to flood flood drain
• 17:39
  Hoover Dam with a garden hose. And this is just mind numbing 2
• 17:43
  quick statistics for you to look at when it comes to silver and
• 17:47
  gold. Here's the first one.
• 17:50
  Hold on here. OK?
• 17:52
  Just one company is worth five times more than all the largest
• 17:57
  gold miners on Earth. Yeah, guys, Microsoft
• 18:00
  Corporation, their value as a company is worth five times the
• 18:06
  largest 112 gold mining companies on earth.
• 18:10
  Just think, right? It's just a little bit of that
• 18:13
  money. Five times comes into the gold
• 18:16
  mining sector. But what's important to remember
• 18:20
  about that is the fact that when that money comes back, it's
• 18:24
  relatively a small sector and it will have a major, major impact.
• 18:29
  It's the law of small numbers working for us.
• 18:32
  And this one, another one from Make Gold Great Again.
• 18:34
  NVIDIA is even more extreme. It's worth 6.5 times all the big
• 18:41
  gold miners on the planet. And you know what happens to
• 18:44
  gold is going to happen to silver.
• 18:45
  It's absolutely crazy what's developing in the world right
• 18:49
  now. Friday is a big, big day when
• 18:51
  Jerome Powell speaks at the Jackson Hole, Wyoming summit of
• 18:56
  all the big central bankers throughout the world.
• 18:59
  We could have major fireworks in the precious metals markets.
• 19:02
  Be ready, right? I know today really stinks,
• 19:05
  particularly for silver, but guys, this is a long ride.
• 19:09
  Yeah, when we start saying $37 silver, guess what, guys?
• 19:13
  Guess what? A lot of you have been with me
• 19:15
  for years. We sat down here and talked
• 19:18
  about silver when it was $14.00 per oz.
• 19:21
  OK, If I told you then that in in August of 2025, we'd be
• 19:26
  hanging out and we'd be complaining that silver's down
• 19:28
  $0.65 to $37 per oz, Come on. OK.
• 19:33
  And I feel in my heart now, again, I'm not a financial
• 19:36
  advisor. Don't make any financial
• 19:37
  decisions based on what I may or may not be saying to you today.
• 19:42
  But when I look out just 6 short months from now, I could think
• 19:46
  us looking back, maybe we'll be complaining.
• 19:49
  Think about this, aren't you? Envision 6 months from now maybe
• 19:52
  we'll be complaining saying oh Boo Hoo the silver price is down
• 19:57
  a whole dollar. It dropped from $64 per oz all
• 20:02
  the way down to 63. The sky is falling right?
• 20:05
  The future is super bright. For the precious metals, because
• 20:09
  you know what, it always has been super bright.
• 20:12
  I could have been sitting down here 3000 years ago telling you
• 20:16
  that silver was a good thing to put your money into.
• 20:19
  Now again, be responsible. I'm not a financial advisor, but
• 20:22
  imagine me now right here being a 2000 year old guy.
• 20:28
  And I told you 2000 years ago, would you be happy that you put
• 20:31
  some of your, you know, some of your wealth into precious
• 20:35
  metals? You're darn right you would be.
• 20:37
  Think about it. Please subscribe to the channel,
• 20:41
  give the video thumbs up, share this wherever you can.
• 20:45
  We're in for a fun ride with both all both the precious
• 20:47
  metals, gold and silver as we head into the coming weeks,
• 20:51
  months, quarters, years and decades.
• 20:55
  Sorry, we're going to be together for a long time.
• 20:57
  I want you to come back right? You are the most important part
• 21:01
  of this community. OK, we're in for a good wild
• 21:04
  ride. We want to do things, whether
• 21:06
  that's precious metals, crypto to protect ourselves from what
• 21:10
  could be right. You never know.
• 21:12
  Maybe this is the first Fiat currency that lasts forever.
• 21:16
  But based upon what we know throughout history, Fiat
• 21:18
  currencies do have a strong track record of, of let's just
• 21:24
  say running into a little bit of trouble.
• 21:26
  You take care of yourself, be good, and I'll look forward to
• 21:29
  seeing you next time. Bye bye.