Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡SILVER Investor⚡- THIS Will SHOCK You - (MASSIVE News Update for Gold and Silver Price)

Transcript

⚡SILVER Investor⚡- THIS Will SHOCK You - (MASSIVE News Update for Gold and Silver Price) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  The Donald Trump election, a Black Swan event, which will be
• 0:04
  very good for the price of gold and silver.
• 0:08
  We're going to look at the fact that this election of Donald
• 0:11
  Trump probably can be qualified as a Black Swan event, and
• 0:16
  that's not a good or bad. This has nothing to do with
• 0:19
  politics. This has to do with the big news
• 0:22
  that we got last week, the big election and how it will impact
• 0:26
  the silver and gold price. It is super interesting.
• 0:30
  I've yet to hear anybody else talking about this, but I'm
• 0:33
  going to go out on a limb and say that Donald Trump getting
• 0:36
  elected in the manner that he was a landslide victory and
• 0:41
  annihilation, that that was actually a Black Swan event and
• 0:46
  will be very, very positive for the price of gold and silver as
• 0:51
  we head into the coming months, quarters and years.
• 0:55
  Hey, thank you for joining me tonight.
• 0:56
  You are the most important part of Ron's basement.
• 0:59
  Please give this video a thumbs up.
• 1:01
  Subscribe to the channel super chat.
• 1:02
  Super thanks are super appreciated.
• 1:04
  We're going to talk a lot more about this Black Swan and look
• 1:07
  at how other black Swans in the last few decades have resulted
• 1:11
  in big moves up in the prices of the precious metals.
• 1:16
  But let's get up to speed here on the on the silver price and
• 1:22
  the gold price. We got a lot going on right now.
• 1:25
  Guys, hold on here, I'm in Pfc to bear with me.
• 1:29
  OK, here we go. Let's go out and just do a quick
• 1:32
  update on the gold and silver price.
• 1:35
  We'll go to channel sponsor pin backs and press the magic
• 1:38
  button. OK.
• 1:40
  All right, Happy Sunday night, my fellow basement dwellers.
• 1:44
  We like to see green silver $31.45, gold $2688.47, but we
• 1:55
  got a lot to talk about with silver right now.
• 1:58
  Let me just say thanks to Pembex for sponsoring Ron's basement.
• 2:02
  If you want to get your hands on gold, silver or platinum group
• 2:05
  metals, please support channel sponsor Pembex.
• 2:09
  Everyone from the channel, everyone from the community has
• 2:12
  provided me with overwhelming positive feedback.
• 2:16
  So if you want to get like the best prices, great selection,
• 2:21
  and what's paramount is getting to deal with a company you can
• 2:24
  trust. Give pinbacks a chance, right?
• 2:26
  I'll never tell you what to do. Do your own work, do your own
• 2:29
  due diligence, but I think you'll be real happy.
• 2:32
  Now we got a lot going on. What about silver manipulation?
• 2:37
  Can you say that with me in a very angry, angry tone?
• 2:41
  Let's go get the latest data. This was from Friday on.
• 2:47
  How much? Here we go from our friend the
• 2:49
  dude. Let's highlight this because
• 2:52
  this bears us as silver and gold investors, our attention.
• 2:57
  All right, let's turn that into green, OK?
• 3:00
  Cuz it makes us ready. He said the silver market he's
• 3:04
  referring to Friday traded 474 million paper oz yesterday,
• 3:09
  which is Friday. The Comex at 180 deliveries.
• 3:13
  The LBMA had 1790. The LBMA will have a major
• 3:18
  delivery month that is being sucked dry by India.
• 3:22
  The Indians are just sucking in all the silver in the world,
• 3:26
  guys. It's crazy.
• 3:27
  Remember when they cut rates? They're about to print Fiat on
• 3:31
  steroids. But what's stunning about this,
• 3:34
  again, I think on Wednesday of last week, and here's all the
• 3:38
  data down here, OK, he, he puts it all in there.
• 3:42
  This guy follows it every single day.
• 3:44
  OK, so Wednesday of last week, right, they traded 700 million
• 3:50
  paper ounces of silver, 700. The whole mining sector only
• 3:56
  puts out 800 per year. That was Wednesday, the day
• 3:59
  after the election. Thursday traded 500 million oz
• 4:03
  and now we get the news that Friday they trade another 500.
• 4:07
  Wait, let's do the math 500,000,000 + 500 million,
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  that's a billion. And then you add the other 700
• 4:14
  million, that's 1.7 billion ounces.
• 4:18
  Are are you catching on to what's going on here in three
• 4:22
  days, OK, they traded 1.7 billion ounces of paper.
• 4:27
  This is paper silver. Make believe manipulation.
• 4:31
  You know what? I don't care what they, I don't
• 4:33
  care what they say, right? If it's paper and it's not real,
• 4:37
  then if it's being traded, it's manipulative.
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  Not to mention the fact that JP Morgan had several other traders
• 4:45
  get sentenced to jail for manipulation of the price.
• 4:48
  But that's not the shocker, the shocker and we're going to get
• 4:52
  back to Trump and we got a Black Swan.
• 4:54
  And I'm telling you, Trump is going to be good for gold and
• 4:57
  silver. We're going to we're going to
• 5:00
  have one of the and then I'm going to I'm all over the I
• 5:02
  apologize, I'm all over the place on you guys.
• 5:05
  But we're going to have and then I'm and then we're going to come
• 5:09
  back to Trump. We're going to have one of those
• 5:10
  situations where we're going to look back in a year, a year from
• 5:14
  now and say, man, those first couple days after Trump got
• 5:17
  elected, gold and silver, it was tough.
• 5:19
  It was volatile, right? But look how it turned out.
• 5:22
  So happy for us. Now back to the manipulation.
• 5:26
  We just said, right, the day after the election, Wednesday,
• 5:29
  700 million paper oz traded. Thursday and Friday, a half
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  million each. That's 1.7 billion ounces of
• 5:38
  silver, Guys. Guess what, right?
• 5:41
  That means in three days, 1.7 billion oz three days.
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  That's two times the entire mine output for the entire year in
• 5:53
  three days, right? They, they traded paper silver
• 5:57
  the equivalent of two years, three days.
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  They traded 2 years worth of silver production.
• 6:05
  And you're going to tell us it's not manipulated, right?
• 6:08
  I mean, come on, in three days they wiped out two years, the
• 6:14
  next two years worth of silver. Think about it, think about it.
• 6:18
  It's it's crazy when this paper and then I promise, I promise
• 6:23
  you, I give you a solemn basement promise.
• 6:25
  I'll zip my lips. But guys, when this paper market
• 6:29
  here, this was not traded. Look at that.
• 6:33
  Isn't that beautiful? That's called an American Silver
• 6:37
  Eagle, OK. That one's even got some toning
• 6:40
  on it from being done. This was not traded.
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  No, this sat here in the basement.
• 6:45
  The silver you have not traded. When the physical market, which
• 6:50
  is this right, beats up and wins over this paper market, it is
• 6:56
  going to be an epic rise in prices.
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  That's what I see happen. Don't make any financial
• 7:01
  decisions based on anything I'm saying.
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  But doesn't it just make sense? I mean, doesn't it just make
• 7:07
  sense? I'm going to say it one last
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  time for those of you. We have 500 people here.
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  Thank you guys. This is awesome for a Sunday
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  night. In three days, they traded 1.7
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  billion paper ounces of silver. Make believe.
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  There it is. He did not not this.
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  Remember that didn't trade three days, 1.7 billion oz.
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  I'll say it one last time. That's the equivalent of two
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  years worth of mine output. Do you know how hard it is?
• 7:37
  I, I talked with Jorge Gonoza, the CEO of Fortuna Mining.
• 7:41
  All right, They started out as a silver mining company.
• 7:45
  I've had discussions with Jorge in the past, right?
• 7:47
  Like silver is tougher and tougher and tougher and tougher
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  to find. I mean, it's, it's a very, I
• 7:55
  mean, when we look at and what does that mean for you as a
• 7:58
  silver investor? That means 10 years from now,
• 8:03
  right when, when the paper market is, is blowing, you know,
• 8:08
  is gone, right? And the world is demanding
• 8:11
  silver like nothing before. You're going to be sitting very,
• 8:14
  very pretty. OK, let's go check on our friend
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  the Oriental ghost. Let's go all the way to China
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  and get the most up to date info that we can.
• 8:23
  OK, Actually this was from Friday, but still we're going to
• 8:26
  look at it quickly one more time.
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  This is from the Shanghai Gold Exchange, and we emphasize the
• 8:32
  high because the price is always higher, right?
• 8:36
  There's silver AG on the SGE, the Shanghai Gold Exchange,
• 8:40
  which also trades silver $33.61. That would be over $2.00 higher.
• 8:52
  Here's PMBEX. OK, 3142.
• 8:57
  OK, the the price. It's just oh boy.
• 9:02
  And, and for those of you who don't know, most of you do know
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  the Shanghai Gold Exchange is a physical market, right?
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  It's going to open it probably. It might be open.
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  Actually, it's probably open right now.
• 9:15
  This is going to be an interesting week.
• 9:17
  And I'm telling you with this Black Swan that we just had, I'm
• 9:21
  calling it. You don't have to agree with me.
• 9:23
  And that's not a political statement.
• 9:24
  That's not, I'm not saying it's a bad thing, but I'm calling the
• 9:27
  Trump election a Black Swan event.
• 9:31
  But we're not done yet, OK? We got new data, a new chart
• 9:35
  from James Turk. We got to look at this right.
• 9:39
  This is like one of the godfathers of silver.
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  What is he saying? He's telling us we got what we
• 9:44
  got, a warning, but he's telling us some good things too.
• 9:46
  Price retracements. We went through a little rough
• 9:49
  period last week with the silver price back to support aren't
• 9:53
  unusual after upside breakouts. I gave that low odds for silver
• 9:57
  proving markets can do anything, meaning he was a little bit
• 10:01
  surprised by the pullback we had.
• 10:03
  Now we need to see support hold. Ideally, this test will end in
• 10:08
  the week ahead. A weekly close above $32 will
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  signal the uptrend is resuming. I need to look at you.
• 10:18
  I want to feel good about this. I want to feel real good.
• 10:21
  It's Sunday night on Friday, Saturday, next weekend.
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  Let's. Please, please, I need you to do
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  me a favor. Can you please make sure the
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  silver price is about $32 per hour?
• 10:34
  It's critical. I mean, I know we obsessed about
• 10:37
  silver and gold, platinum, some of you also a little more than
• 10:40
  average, but we really need that silver price.
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  And let's look at his chart to show why.
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  Oh, there's the Shanghai. OK, so when we look at this
• 10:53
  chart, we're going to pull the crayons out here, OK?
• 10:56
  This goes back to August of 2020, right?
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  Now, we saw this inverse head and shoulder, right?
• 11:03
  That started about August 2021. Boom.
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  OK, that's the left shoulder. This is like a person standing
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  on their head, right? And it looks like this.
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  Don't get a dirty mind when I draw this, OK?
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  OK. That's the shoulder, the head
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  and the shoulder. And that's what you see here.
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  Left shoulder, the head that went down.
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  Remember Christmas 2022 when we could buy silver for under $20
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  per oz? Man, those were the days, my
• 11:33
  friend. We thought they'd never end, but
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  they did because silver came back up, right?
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  And then we did this side of the shoulder.
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  And as you know, we then broke out out, out up this way.
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  Now, now we are in a critical zone where we absolutely, this
• 11:51
  is the neckline of this inverse head and shoulders on so many
• 11:55
  reasons, guys, we need to stay above $31.00 per oz silver, $32
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  per oz silver. There's no other way about it.
• 12:05
  One more quick thing on silver, then we're going to get back to
• 12:07
  this Black Swan. Why the Trump election could be
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  so good? I mean, big, big, big for silver
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  and gold investors. But I'm hearing from a number of
• 12:19
  sources out there. Heard it from coin Shop Chris,
• 12:22
  heard it from a number of other people in the bullion and the
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  Dimes and 90% silver all of a sudden last week was selling
• 12:31
  like crazy. Have you heard that?
• 12:33
  Are you experiencing that? Coin Shop Chris even made a
• 12:36
  video that is like a blowout major.
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  Here's his channel. Coin shop Chris, many of you
• 12:43
  remember him. He still is a great friend of
• 12:45
  the channel, comes on the channel all the time, but he's
• 12:47
  got his own channel now. I'd encourage you to go check it
• 12:50
  out. Coin Shop Chris, all you got to
• 12:53
  put in the thing up there, but the he put out a video earlier,
• 12:56
  kiss 90% silver goodbye. It's already got 6000 views.
• 13:02
  Basically, he said his shop is sold out of 90% silver.
• 13:07
  I know there's other shops. I saw one shop owner up and I
• 13:11
  think it was Seattle talking about it and some other it's
• 13:14
  kind of going on like 90. There's like big demand for 90%
• 13:17
  silver. Now I did go out the pin backs.
• 13:20
  We'll go look there really quickly and it seemed like they
• 13:23
  had. So if you go to silver and then
• 13:26
  you go down here, US coinage 90%, make sure I got you guys on
• 13:31
  the right screen. They got a lot in stock, right?
• 13:35
  They've got the the Franklin half dollars, the Kennedy half
• 13:38
  dollars, Mercury Dimes, Dimes apparently are becoming very,
• 13:43
  very scarce. The silver Dimes, the
• 13:45
  constitutional 90% silver Dimes. They even had some bags down
• 13:49
  here. So I'm not recommending you buy
• 13:51
  any coin shop. Chris is he's the the king of
• 13:56
  junk silver. He claims that there's like
• 13:58
  massive demand right now for especially the Dimes, and he's
• 14:03
  perplexed by all this. So we're going to keep a close
• 14:05
  eye on that. Hey, guys, the Trump election is
• 14:10
  good for gold and silver. Now, Jake, from Jake's Custom
• 14:13
  Parts said it earlier in the week.
• 14:15
  Like, let's let all the dust settle.
• 14:16
  Let all the dust settle. I'm going to explain to you why
• 14:19
  and why I believe it's a Black Swan, OK?
• 14:23
  Because #1 everybody thought it was a toss up the election and
• 14:29
  Trump won the election, OK, after all those years of
• 14:32
  negative press, all that, all the lawsuits, you know, you
• 14:36
  know, that whole thing. But number two, it was a
• 14:39
  landslide. Now, that's the shocking part,
• 14:42
  right? That was the shocker.
• 14:44
  I think that everybody, I mean, and, and and I know, you know,
• 14:47
  again, I'm not making any political statements here
• 14:50
  whatsoever, but it was a, it was a, a, a, a whooping.
• 14:55
  It was a landslide victory. And that was a shock.
• 14:59
  That was a Black Swan event in my book, OK.
• 15:04
  And I'll tell you why I even went out and looked is what you
• 15:07
  know. And then also we have half the
• 15:10
  country in mourning. You've seen these big I'm not.
• 15:14
  I mean, some people are, let's just say a little upset.
• 15:18
  I'll leave it at that. OK, But but what is a Black Swan
• 15:22
  and why? Why would we go as far as to
• 15:26
  qualify this as a Black Swan? OK here a Black Swan event is an
• 15:30
  unexpected, rare event that has severe consequences and is
• 15:35
  difficult to predict. I would say it was unexpected,
• 15:39
  right? I, I mean, to me, anyone's
• 15:42
  political viewpoints set aside the fact that it was a landslide
• 15:47
  victory, was definitely unexpected, a rare event, OK,
• 15:52
  That has severe consequences. And I would say that it will
• 15:55
  because the change changes they're talking about making,
• 15:58
  making will be severe and difficult to predict.
• 16:02
  OK. And then the other thing that
• 16:04
  I've heard about black Swans as well as them people, people in
• 16:08
  hindsight will say, oh, well, we should have saw it.
• 16:11
  We should have seen it coming. You know, they'll try to figure
• 16:13
  out like how they should have been able to see.
• 16:16
  And I'm sure that's what all the people on CNN and the Children's
• 16:19
  News Network are doing right now.
• 16:21
  I try trying to figure it out, but why is it?
• 16:23
  Why are why are black Swans? What does history tell us that
• 16:28
  they do? For the silver price and the
• 16:30
  gold price, I think it's pretty, pretty darn easy to see.
• 16:35
  Let's go out here 1st and just to show you the extremity,
• 16:39
  extremity of this event, here it goes.
• 16:42
  This comes from zero hedge Trump takes Arizona, completes a sweep
• 16:47
  of all swing states. Now, this is this to me proves
• 16:53
  that we've got a Black Swan. CNN says it says the Trump
• 16:57
  victory was so massive that he, quote, UN quote, broke history.
• 17:04
  OK, broke history. And again, that is CNN the what
• 17:10
  we jokingly like to refer to as the Children's News network is
• 17:15
  admitting now, let's just say they're they were not pro Trump,
• 17:18
  right? We all know that they're saying
• 17:20
  he broke history. When something breaks history,
• 17:25
  wouldn't you say that that's a Black Swan event?
• 17:28
  Now let's look at what happened during previous Black Swan
• 17:31
  events and then talk about other major factors, reasons why a
• 17:35
  Trump administration is very likely going to be very, very
• 17:40
  bullish for silver and gold. OK, so I want to pull up a chart
• 17:45
  of silver and go through a list of events that happened in the
• 17:50
  past. OK, think about think about what
• 17:53
  happened back here. Here we are in the year 2000
• 17:56
  after the tech bubble burst, OK, We had silver at about $5.
• 18:03
  And as you can see, it kind of levitated for a few years.
• 18:07
  But over that period of time, OK, we had silver right leading
• 18:12
  up to let's, let's even just go to 2006, doubled in price,
• 18:16
  tripled almost in price. That was after the tech bubble.
• 18:20
  Most people say that was a Black Swan.
• 18:22
  What about after the the 9/11 attacks occurred back in 2001,
• 18:27
  same same time period. And again, we saw the price of
• 18:31
  silver go up and up and up. What about after the great
• 18:35
  financial crisis back in O seven O 8?
• 18:38
  Make sure I got you on the same screen.
• 18:40
  Yes, I do OK here. What about after the great
• 18:45
  financial crisis O seven O 8? Look at look at, look at what
• 18:50
  silver did right, OK. And then look at what silver
• 18:56
  eventually did during that period up to 2011.
• 19:00
  That's when we had the major run all the way to $50 silver.
• 19:05
  Look at what happened after C 19.
• 19:08
  Hold on, here we go. We have to consider all this,
• 19:14
  OK, here, here was March. Let's get the crayons out of of
• 19:21
  2020, right? That's when we had silver Go
• 19:25
  down to what? I don't know, it was like 14
• 19:27
  bucks or something and then immediately shot up and doubled
• 19:31
  in price. And even if we go back and look,
• 19:34
  think about the 1970s guys, which my charts not going to go
• 19:39
  all the way back to, we know what happened to the silver
• 19:42
  price during those events and that maybe or maybe not would be
• 19:45
  qualified as a Black Swan. But what I'm saying is the Trump
• 19:48
  election was a Black Swan. Again, you don't have to agree
• 19:53
  with me and it's not a political statement, but we know what
• 19:57
  happens after these major events and I am absolutely.
• 20:02
  I mean, I'm absolutely feeling convinced that we will have
• 20:07
  major, major upticks in the silver and gold price.
• 20:11
  OK, Trump will print money, period.
• 20:15
  Trump will print money. Trump will apply major pressure
• 20:19
  to Jerome Powell. Trump wants a easy money
• 20:24
  environment. OK, look again.
• 20:27
  You know, you could probably figure out my political
• 20:30
  leanings. And so I'm not at all putting
• 20:33
  him down. But the reality is, if you look
• 20:36
  at his history, he's been willing to rack up debt in his
• 20:40
  businesses, right, Major? I mean, the guy will he he's,
• 20:45
  we're, we're going to, he'll, he'll print money like no
• 20:49
  tomorrow and put major pressure on the Fed to keep interest
• 20:52
  rates low. OK.
• 20:54
  And, and on top of that, OK, on top of that, we got to go look,
• 21:00
  we got to go on our on our daily field trip.
• 21:02
  We are in a situation right now in this country that is
• 21:06
  absolutely. Is this the big day?
• 21:09
  Is this the big day We're out here at the US debt clock, is
• 21:14
  it? We need to go take a look.
• 21:16
  Oh, we're almost there. We have 35 trillion, $988
• 21:22
  billion in national debt that did not get erased when we had
• 21:28
  this Black Swan event of Donald Trump winning in a landslide.
• 21:35
  OK, that did not get a race. That is not going anywhere.
• 21:39
  The only thing, I mean, the only option and he'll he'll do it and
• 21:44
  he'll do it with a full throttle will be easy money.
• 21:49
  Easy, easy, easy money. OK, let's go out.
• 21:52
  Since we're here, let's take a look at the dollar to silver
• 21:57
  ratio, which, oh, shocker, it's now at 982.
• 22:03
  I remember us sitting down here, guys.
• 22:06
  I remember us sitting down here in the basement talking about
• 22:08
  this when it was 0 and everybody was freaking out, right?
• 22:11
  This is this measures for each one ounce of silver that's being
• 22:15
  produced every year, how many paper dollars are being printed
• 22:19
  via the M2 money supply for that each one ounce of silver that's
• 22:24
  being produced on a worldwide basis.
• 22:26
  And we can see clearly here that as of today, for each one ounce
• 22:31
  of silver that's being produced in the world, 982 paper dollars
• 22:37
  are being created. And we will, because we like
• 22:41
  lists, we will update our list. And as you can see on a daily
• 22:45
  basis, as we've been tracking this, Gee, you know, it's been
• 22:49
  what, 17 days? And we've gone from 740 all the
• 22:54
  way to 982. Now there's this other thing out
• 22:57
  there. I don't really get it, but we'll
• 22:59
  open it up. The secret window.
• 23:00
  You want me to open the secret window?
• 23:02
  Let's open it up, all right? See if we can make sense of
• 23:06
  this. It's called the American super
• 23:09
  cycle, a golden age of wonders. I wonder if you can click on
• 23:13
  this brings us over to X. And I guess that's it, right?
• 23:21
  Imagine a world without the Fed, the new USA dollar.
• 23:28
  It's elemental gold and silver. OK, all right.
• 23:32
  We love the US debt clock. Very interesting.
• 23:35
  They are always are coming up with new inventive ways and I
• 23:38
  think it's safe for us to say that they're very pro gold and
• 23:42
  silver. Let's go get an update since
• 23:44
  we're live here on a Sunday night.
• 23:47
  This is a critical week guys. I'm going to go back to the
• 23:50
  main. All right, silver's up 11 cents.
• 23:53
  What do you say, basement dwellers?
• 23:55
  I think we'll keep checking, right?
• 23:58
  We're going to go higher and higher.
• 24:00
  Look at that. Gold up a dollar.
• 24:01
  All right, we'll take it. OK Oh, the other interesting
• 24:06
  thing about about the Trump presidency is this Judy Shelton
• 24:12
  wild card. If you don't know who Judy
• 24:14
  Shelton is, not now, stay with us because we got a lot more,
• 24:17
  lot more to talk about. But but guys, Judy Shelton,
• 24:22
  Donald Trump tried to put her into the Fed last time he was
• 24:26
  president. She is the biggest friend, the
• 24:29
  biggest Amiga, right? Amiga.
• 24:31
  I think that's how you say friend, female friend in
• 24:33
  Spanish, the biggest friend to gold and silver potential at the
• 24:38
  Fed in the history of the universe.
• 24:39
  Now I even read an article saying that there's a potential
• 24:43
  that when Gomer Pyle. Right.
• 24:47
  I know you want to see him. You want to see him.
• 24:49
  Let me get him out. Well, anyway, Yeah, I hear this
• 24:53
  guy. Oh, what's coming out of this
• 24:54
  box? It's a bunch of.
• 24:56
  It's a bunch of toilet paper. Yeah.
• 25:00
  Get ready. Jerome.
• 25:01
  OK, but but his his term is up. That would be Jerome Powell,
• 25:09
  early 2026. Some people, I'm hearing
• 25:14
  speculation that Judy Shelton could be considered to replace
• 25:19
  Jerome Powell. She's like a gold standard
• 25:21
  person. She's like a metals person.
• 25:24
  She's talking about issuing U.S. government bonds that are gold
• 25:28
  backed. OK, we could be in.
• 25:31
  I'm telling you guys, we are in for a crazy.
• 25:33
  We had a Black Swan event when Donald Trump won in a landslide.
• 25:38
  Shocked everybody. Historic.
• 25:40
  Even CNN said it and and we are as a country in such a
• 25:45
  precarious financial fiscal position right now.
• 25:49
  It is going to be a crazy four years ahead.
• 25:53
  We're probably going to see things happen from a monetary
• 25:56
  perspective that are going to make our eyes spin.
• 25:59
  But I'm telling you, you can't, you cannot beat this, this and
• 26:05
  I'll show it one last time up. Looks like I closed it down. the
• 26:10
  US debt clock, the $36 trillion in debt.
• 26:13
  You cannot. It's kind of like, it's like, I
• 26:18
  hate to use this word, but like a cancer that the United States
• 26:21
  has, right? You can do all kinds of funny
• 26:23
  stuff, but at the end of the day, the country is racked up so
• 26:27
  much debt it's sickening. There's a chart if if you're you
• 26:30
  know, like interest payments being the average interest
• 26:34
  payment being paid by AUS household right now is like
• 26:39
  skyrocketing. All right, and we already we are
• 26:43
  we are moving into what is going to be a very precarious
• 26:47
  situation in our country, right. We'll see how it all plays out
• 26:52
  and if Judy Shelton gets put into the Fed Katie bar the door.
• 26:56
  OK, what about the digital dollar?
• 26:59
  People are all upset. CBD, CS digital dollars.
• 27:03
  I want to remind you of something.
• 27:05
  Are you afraid? Right.
• 27:06
  No more paper. Oh my gosh, right here it is
• 27:09
  been I've been gone for a little while, right.
• 27:12
  No more this no more paper money.
• 27:14
  Digital money. CBD, CS right?
• 27:17
  It's happening right now. It's happening right now.
• 27:21
  OK, something to consider. People and businesses throughout
• 27:28
  the world are moving away from paper money.
• 27:32
  It's like people are willingly moving away from cash and using
• 27:36
  their debit cards, using their credit cards, right?
• 27:39
  You know, you probably do it, So do I It's like this move away
• 27:42
  from is already happening. So I would imagine in the next
• 27:46
  couple years, it's going to be 2345 years, it's going to be
• 27:50
  gone, right? No more cash.
• 27:51
  I I'm not, I don't agree with it.
• 27:53
  Don't get me wrong. That's just my personal, you
• 27:55
  have your own personal feelings. I don't agree with it.
• 27:58
  I mean, how do you feel about a world with no cash?
• 28:01
  But I, I want to remind you of something very, very, very
• 28:08
  important as a silver and gold investor.
• 28:11
  When we look at this move away from cash as 'cause if this is
• 28:16
  not around anymore, OK, Paper money and the only form of
• 28:23
  official money in the United States and probably most
• 28:26
  countries around the world is going to be digital money.
• 28:29
  OK. And then what else is the other
• 28:31
  big store of value? And we're going to, we're going
• 28:33
  to, we're going to talk about that a little bit later.
• 28:35
  Cryptocurrency. So what are your options going
• 28:38
  to be? Right?
• 28:40
  You got your digital money in your bank account.
• 28:43
  We won't even go into that. You got cryptocurrency.
• 28:47
  Where's that at? I keep, I keep trying to grab a
• 28:50
  Bitcoin. I can't or what?
• 28:52
  I can't find it. Ethereum.
• 28:54
  Oh, there's an Ethereum? No, Right.
• 28:57
  What are your options going to be?
• 28:59
  If you want something real, that's a store of value.
• 29:02
  That's what's so exciting about gold and silver.
• 29:09
  Because imagine five years from now, no more this.
• 29:11
  Bye, bye. I know you're going to miss it,
• 29:14
  right? Paper money, right?
• 29:17
  No more. No more paper money.
• 29:19
  Everything's digital crypto or or or or or whatever.
• 29:24
  Digital dollars, which it's already happening.
• 29:28
  What's the only option left, Right.
• 29:30
  The store value. Do I want?
• 29:33
  Do I need to give you a big hint?
• 29:36
  Yeah. Gold and silver, right.
• 29:40
  I mean, and it's already growing.
• 29:43
  Think about that. Think about Costco selling gold
• 29:47
  and silver, the Costco dads and then they'll wake up, they'll
• 29:51
  start buying it from you know that when they realize that
• 29:54
  Costco's a good place to buy toilet paper and rib eye steaks.
• 29:57
  No doubt about it, right? But if you're going to buy gold
• 29:59
  and silver, you want to buy it from a specialist, right?
• 30:02
  A company that that's all they do, like Pendeks channel sponsor
• 30:06
  none the less, I digress. It's already happening.
• 30:10
  We're already moving towards a pure digital money system and
• 30:15
  what's going to be left? It will be gold and silver for
• 30:19
  and and and and I don't want to talk.
• 30:20
  You know, every, we all, if you ever, you know this, right?
• 30:23
  Gold and silver been part of the smear excuse me campaign in the
• 30:27
  1970s. Hollywood engaged in it, right?
• 30:32
  To smear gold and silver to discourage American citizens
• 30:36
  from owning gold and silver like, oh, it's pirates and
• 30:39
  robbers, you know, thieves, blah, blah, blah.
• 30:42
  To use gold and silver. No, it's going to be just even
• 30:46
  everyday average people because guess what?
• 30:49
  Guess what? When the paper money's gone, the
• 30:52
  paper money went bye bye, right? So you can't hold that anymore.
• 30:56
  It's not worth anything. It's not accepted anywhere and
• 30:59
  people are willingly doing that right now.
• 31:01
  Businesses, Six Flags, Major League Baseball stadiums, right?
• 31:07
  No more cash. Where was I the other day?
• 31:09
  Said no cash. We don't take cash anymore.
• 31:12
  A lot of it's going to be gold and silver.
• 31:16
  That's the that's and that's a good thing for us is although
• 31:19
  here's the kicker I forgot, I almost forgot the kicker.
• 31:22
  The kicker is the kicker is just because it's they, they turn
• 31:26
  this into digital dollars, it's still going to be losing its
• 31:30
  value and even quicker, right? Do we need to review the US debt
• 31:36
  clock again? No, we don't need to.
• 31:38
  It's going to be losing its value even quicker.
• 31:41
  OK, so now let's talk about Bitcoin and and I want to pull
• 31:48
  up a very interesting hold on here.
• 31:52
  Very interesting. You know what, We'll do it this
• 31:55
  way. So am I down there?
• 31:57
  Where am I? Hold on here.
• 31:59
  There we go. All right, let's see here.
• 32:04
  This is from our friend Oren the Silver Hermit.
• 32:06
  OK, talking about Bitcoin, have you noticed?
• 32:09
  And I'm not anti Bitcoin. I'm not at all.
• 32:12
  Hold on, Let me look at all for all the Bitcoin people out
• 32:15
  there. I'm not anti Bitcoin, I'm not
• 32:17
  anti crypto. I get it.
• 32:19
  We're all on the same team. OK, but but I don't, I I prefer
• 32:25
  physical, something I can hold if I'm going to go outside of
• 32:29
  the banking system in Oren. OK, I'm just sharing different
• 32:33
  opinions here. Oren had this to say, which I
• 32:36
  thought was interesting about Bitcoin, he says.
• 32:38
  We don't know who invented Bitcoin, whether it was really a
• 32:41
  mysterious genius called Satoshi Nakamoto or the NSA.
• 32:46
  But we can say with certainly certainty that it would never
• 32:49
  have emerged if the price of gold and silver weren't
• 32:53
  artificially suppressed. The main driver behind crypto is
• 32:57
  not the ability to transfer it over great distances or across
• 33:01
  borders. It is, first and foremost, it's
• 33:03
  rapid price appreciation. Yeah, which I would agree with,
• 33:07
  which only occurred because there was no other outlet for
• 33:10
  excess liquidity in the system. So you might as well say that
• 33:14
  the Federal Reserve invented Bitcoin.
• 33:17
  Without them, it would never be a thing.
• 33:20
  And I think what he's saying here is quite simply this,
• 33:25
  right? All that extra money that was
• 33:27
  printed and I, and I've had the suspicion myself by the
• 33:30
  government, like during the C19 crisis, all that printed money,
• 33:36
  like 40% of the US dollars that are in existence were printed in
• 33:40
  like what it the year after the C19 crisis.
• 33:45
  Hold on, let's have a drink of coffee.
• 33:51
  It had to go somewhere, right? And I, and, and, and I had that
• 33:54
  suspicion that like the crypto, because now it's being pumped,
• 33:59
  it's being pumped by President Trump, it's being pumped by the
• 34:03
  mainstream media, it's being pumped by the mainstream
• 34:07
  financial sector. And let me tell you something,
• 34:10
  the just because the mainstream financial sector pumped
• 34:13
  something, they pumped mortgage-backed securities in
• 34:16
  2006 and 2007 and gladly sold them.
• 34:19
  They'll pump anything they can make a buck off of.
• 34:22
  OK, we'll leave it at that. But I think what Oren is saying,
• 34:27
  and I think it's worth considering, right, that they've
• 34:31
  used it as a as a relief valve for all this excess money that
• 34:36
  was printed, right. And, and that really the appeal
• 34:39
  of it is that it just keeps going up and up and up in value
• 34:43
  as measured in U.S. dollar. So it's gonna it's getting very,
• 34:47
  very interesting. Let's go out and check here.
• 34:51
  Hold on, let's do an update on the gold and silver price.
• 34:54
  It's Sunday night. Please be green, please.
• 34:57
  I like green. We all we like the green on the
• 34:59
  top of the screen. Let's do it.
• 35:04
  I'm going to press the pin backs magic button here, guys.
• 35:08
  OK, we're red Boo down six cents.
• 35:11
  That's OK. We can come back.
• 35:13
  We can come back. We can come back.
• 35:15
  All right, guys. Hey, thank you for joining me.
• 35:17
  We just got back in town. I'm back in the basement.
• 35:20
  Tomorrow's veteran's day. I usually do a live stream early
• 35:24
  in the morning, but my dad is a veteran.
• 35:27
  He's 90 years old, 89 years old and they're having a thing at my
• 35:31
  kids school, so I got to go do that.
• 35:32
  I'll probably do a live stream later tomorrow, but thank you
• 35:35
  for being here. Thanks to channel sponsor thanks
• 35:39
  to channel sponsor first mining gold thanks to channel sponsor
• 35:43
  for tune up mining. I got links to all their
• 35:46
  websites in the description of this and all the videos check
• 35:49
  out also guys and I have a coupon code Oh I forgot to tell
• 35:52
  you big announcement. I forgot to talk about this
• 35:55
  right here hanging from the ceiling oh here, I got it right
• 35:58
  here hold on dirty man safe. This is The Dirty girl.
• 36:04
  Look at this. OK, we are doing a giveaway on
• 36:09
  December 30th of a dirty man safe.
• 36:12
  So there's a link in the description of this video where
• 36:15
  you can go and and it's it's like a 3 minute little video
• 36:20
  that tells you how to enter. It's real simple.
• 36:22
  You said leave a comment on that video.
• 36:24
  I'll give you a big hint. OK, that's it.
• 36:28
  Thank you. OK, it's a big deal.
• 36:30
  When you join me here in the basement, I hope you feel like
• 36:33
  you found a little HomeAway home away from home.
• 36:36
  A lot of nice people here, wonderful community.
• 36:40
  OK, And that's you. I'm talking to you, right?
• 36:42
  It's not possible without you and your support.
• 36:45
  So have a good night, OK? And I will see you soon.