Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER** You Best PAY ATTENTION to This! 💰 (Gold Price and TRUMP News Also)

Transcript

**SILVER** You Best PAY ATTENTION to This! 💰 (Gold Price and TRUMP News Also) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  We have some massive news stories that will impact the
• 0:04
  precious metals as we move into the coming weeks, but even
• 0:08
  decades, we're going to talk about what's going on with Trump
• 0:11
  and the legislation in Washington and why that could
• 0:15
  provide even a decade of support for the silver and gold price.
• 0:20
  But first, we're going to talk about a critical period that
• 0:23
  we're moving into with the gold price right now.
• 0:26
  Why is the gold price important? Because we love gold, but that
• 0:30
  will also have an impact on silver.
• 0:32
  We are moving into really a critical week next week.
• 0:35
  We're going to look at a chart next that shows us that.
• 0:38
  But first, I want to say thank you for joining me.
• 0:41
  Thank you for choosing to come down here to the basement and be
• 0:45
  part of this community. We love to talk about precious
• 0:48
  metals. You are important.
• 0:50
  I'm not down here. If it's not for you, please
• 0:53
  subscribe to the channel. We've got that special still
• 0:56
  going. It's free to subscribe.
• 0:58
  Now let's talk about why next week is so critical for the
• 1:02
  precious metals and in particular for gold.
• 1:04
  And we're going to head out and look at what is being shared
• 1:07
  with us from Rashad. Gold right now is trading at the
• 1:13
  apex of a 3.5 month triangle formation.
• 1:16
  There's not much room left and the resolution is imminent and
• 1:20
  most likely to happen already next week, the coming breakout
• 1:24
  targets of $3900 gold price. And next we're going to talk
• 1:29
  about a chart where they're talking about $100 silver.
• 1:33
  Let's stick on gold here for a second $3900 gold price, excuse
• 1:38
  me, which is over 18% from the current price level.
• 1:42
  The most recent 18.5% rally in gold during 2025 April, which is
• 1:49
  also the base of the present triangle formation, took only
• 1:53
  two weeks. I would not be surprised if gold
• 1:55
  traded near $4000 already by mid August.
• 2:01
  Guys, we're in mid-july. He's talking about one month
• 2:04
  from now. But here's the reason why.
• 2:06
  Because of this triangle formation, as you can see on
• 2:10
  this chart, OK, right, this and this create a triangle.
• 2:18
  There is no way as we move out here in the coming week or so
• 2:23
  that the price will not break out either above or below.
• 2:28
  It's either going to go down here or up here.
• 2:32
  OK, Now with all the momentum that we have, with all the
• 2:36
  factors supporting the gold price, doesn't it feel like the
• 2:40
  odds are in favor of it breaking upwards?
• 2:42
  We'll have to see how that plays out.
• 2:45
  But one way or the other, we're going to break out of this
• 2:47
  triangle pattern here in the coming week, maybe at the most
• 2:51
  two weeks. The only way that could continue
• 2:54
  much longer would be if the gold price basically would have to
• 2:59
  remain flat. The gold price would basically
• 3:02
  have to stay right in here, and that's very, very, very
• 3:06
  unlikely. Now let's go to North Star
• 3:08
  charts and talk about the prospect of $100 silver.
• 3:13
  Let's pull that up so we can see.
• 3:15
  There we go, silver, he says. I've been posting this image for
• 3:19
  five years. The red circle is where I said
• 3:22
  we were heading. Now I'm saying it's just the
• 3:25
  beginning, $100 plus. Wow, wow.
• 3:29
  But wait, there's more. Should follow after a probable
• 3:32
  pull back and then the breakout. Let's take a look at this chart.
• 3:36
  It's obviously our good friend the cup and handle formation.
• 3:40
  And as you can see, there's the red circle that he's talking
• 3:43
  about. Guys, when we get up here, it is
• 3:47
  really Katie bar the door. Now a lot of people are saying
• 3:50
  that we broke out already on a quarterly close basis for
• 3:54
  silver, a semi annual 6 month close and an annual close.
• 3:59
  We are moving into truly unprecedented times for the
• 4:03
  silver price and the gold price. And guess what?
• 4:07
  That's got some people scared. You want to, you know our old
• 4:09
  friend Jamie Dimon from JP Morgan Chase, Yes, that JP
• 4:14
  Morgan Chase that was convicted of manipulating the precious
• 4:18
  metals markets. This is a fun one.
• 4:20
  Let's take a little break here to have some fun and a little
• 4:23
  smile on our face. This came from our friend.
• 4:27
  Make Gold great, he said. We are watching the end of the
• 4:31
  paper and electronic silver game, and we're watching it real
• 4:36
  time. They won't survive what's
• 4:38
  coming. And look at this picture.
• 4:41
  There we all are, OK, basement dwellers, Fiat fighters, holding
• 4:46
  up our silver. And there's Jamie on his knees
• 4:49
  saying please, please stop buying silver.
• 4:52
  And I had a great conversation yesterday.
• 4:54
  I went to the Missouri Numismatic Club.
• 4:58
  They have a massive coin show here in Saint Louis, All kinds
• 5:00
  of silver and gold people there. I met with a guy named Mike from
• 5:04
  Mid America Coins in Grove, OK. He's been in the bullion
• 5:09
  business. He's been a bullion dealer for
• 5:11
  47 years. And guys, basically what I took
• 5:14
  away from my conversation with him is that they're still decent
• 5:17
  demand right now from the retail investment crowd for silver and
• 5:21
  gold. But there's a lot of room for
• 5:25
  improvement, right? To get back to levels that are
• 5:28
  maybe more normalish, but also like we could move potentially
• 5:32
  into a mania phase. I had a great conversation with
• 5:35
  them and I'll have a little video coming out later today
• 5:38
  where you can where you can check that out.
• 5:40
  But remember this rally that we've had in gold and silver is
• 5:45
  happened without a lot of participation from the Western
• 5:49
  investors, from your neighbors. If you're watching this in the
• 5:51
  United States of America, even Europe, Canada, anywhere in the
• 5:56
  West, right guys? That will be one of the secret
• 6:00
  weapons that will propel the price of silver and gold much,
• 6:05
  much higher because we know the little secret.
• 6:10
  The Chinese and the Indians are buying all the precious metals.
• 6:14
  The East is buying all the precious metals.
• 6:16
  So when the West just comes back to normal level levels, Katie,
• 6:20
  bar the door, right? You're going to see steam coming
• 6:23
  out of these ears. And we and what we've
• 6:26
  accomplished here in the last year with the gold and silver
• 6:32
  price is nothing short of spectacular when you consider
• 6:36
  that your neighbors aren't participating.
• 6:38
  I know we're participating, but our neighbors aren't.
• 6:41
  When you're at the neighborhood pool, when you're at your
• 6:43
  church, when you're at the grocery store, when you're at
• 6:45
  your Lions Club meeting and all your people are starting to ask
• 6:49
  you about gold and silver, that's when we'll know that the
• 6:52
  Western investors have come back.
• 6:54
  Now we are starting to see some interesting movement on the ETF
• 6:58
  side. Let's go out to Arcadia
• 7:00
  Economics, our great friend Chris Marcus got a lot of
• 7:04
  respect for Chris and what he's done over the years and both the
• 7:08
  gold and silver precious metal sectors.
• 7:10
  He has a sub stack you can subscribe to Arcadia Economics
• 7:14
  Gold and silver daily puts out incredible, incredible
• 7:18
  information. And I just want to highlight
• 7:20
  the, the info that he and he's got all kinds of info in here
• 7:23
  about the, the, the inventory levels at the Comex for silver,
• 7:27
  which are pretty high right now from what I saw.
• 7:30
  But the LBMA, there's some weird dislocations going on.
• 7:34
  I'll let you read that for yourself.
• 7:36
  However, here we go for ETF. Here's the first chart.
• 7:40
  You can see the inflows into the gold ETFs, the blue line.
• 7:44
  I'm going to tell you the reason why I think this is important
• 7:47
  and how almost 18,000,000 ounces of gold have been added since
• 7:52
  money started flowing into the gold ETFs the last summer.
• 7:57
  So when we look at this chart, right, the blue line is the gold
• 8:02
  ETF holdings and here we are. Yeah, this would be about last
• 8:06
  summer. And look at this guy's.
• 8:09
  There has been a steady increase into the gold ETF.
• 8:13
  Again, we're going to talk about why that is important in one
• 8:16
  second. Now let's go down and look at
• 8:18
  silver. Here we go.
• 8:20
  There was a similar picture in silver where the outflows began
• 8:24
  after the silver squeeze of 2021.
• 8:28
  Yet we've seen about 185,000,000 oz added to the silver ETFs
• 8:34
  since last summer. Let's pull this down a little
• 8:37
  bit, and here we go. All right, and here we are,
• 8:43
  right here, right last summer time frame.
• 8:46
  And as you can see, the number of Oz of silver in the silver
• 8:51
  ETS is also starting to increase.
• 8:54
  Now the reason why I think that's so important for us to
• 8:58
  to, to keep track of in the notice is because the ETFs are
• 9:02
  more, let's say of the sophisticated investors.
• 9:05
  I know there's all types of suspicion and speculation
• 9:09
  surrounding whether these ETFs actually have all the silver and
• 9:13
  gold that they purport to have. I'll leave that for other people
• 9:16
  to investigate. However, if institutional money
• 9:20
  is starting to flow into the precious metals through these
• 9:24
  ETFs, that could be the first sign in the West, the smart
• 9:29
  money, right? The retail investors in the West
• 9:32
  will be the ones that follow down the road.
• 9:34
  And remember, guys, that's the secret weapon for silver.
• 9:39
  OK, Mike yesterday from, from, from the mid America coins told
• 9:44
  me he thought silver was going to drop down a little bit and
• 9:47
  then really start to run. When we get this next big run in
• 9:51
  silver, whether we get the pullback or not, maybe North
• 9:54
  Star charts is right when we get the $6070 silver, that's when
• 9:59
  the mom and pops, the people who aren't sitting here with us
• 10:02
  right now in the basement watching these videos about
• 10:05
  precious metals, that's when they'll come rushing in.
• 10:08
  Rick Rule has said it many times, people don't buy silver
• 10:12
  when it's on sale, right? The the masses, the hold on
• 10:19
  sheeple, right? They buy silver when it's 6060,
• 10:23
  five, $70 per oz. And that's exactly what we're
• 10:26
  going to happen. And then what we're going to see
• 10:28
  happen right there, right? Our old friend Smitty, see him?
• 10:31
  See that bear? I'm pointing at him.
• 10:33
  That's the blindfolded silver bear.
• 10:36
  His blindfold says 85 dollars. I think we'll be taking that
• 10:40
  off. And that's when it comes off.
• 10:42
  When the spot price of silver reaches $85, I think we might be
• 10:46
  taking that off. Smitty will be free.
• 10:48
  Need to see right sooner as opposed to letter 8 when we're
• 10:52
  on the subject. I'm going to say thank you to
• 10:54
  channel sponsor First Mint. They sponsor the gold and silver
• 10:57
  content. They make this possible.
• 10:59
  They are a mint in Las Vegas, NV right here in the good old USA.
• 11:05
  But what's special about them is they are owned by First Majestic
• 11:09
  Silver, Keith Newmeyer's juggernaut silver mining
• 11:12
  company. Everybody respects Keith
• 11:15
  Newmeyer in the silver sector. First Majestic Mines the silver
• 11:19
  in Mexico. People work their tails off,
• 11:22
  right? I put in a lot of toil and
• 11:25
  effort to get silver out of the ground.
• 11:27
  That fresh silver doesn't get sent to the Comex or the LBMA.
• 11:33
  No, it goes directly from First Majestics Minds to the First
• 11:38
  Mint facility in Las Vegas, NV where it is transformed into
• 11:43
  world class silver bullion products.
• 11:46
  I got 1 here. I can show you right now their
• 11:48
  newest round and it is awesome. This is the Las Vegas silver
• 11:53
  round, that first mint just started.
• 11:56
  You can get it on their website. I'll show you here in a second.
• 11:59
  Look, it's a company you can trust.
• 12:00
  They got great prices, free shipping over $199 and it's
• 12:06
  headed by Keith Newmar. Let's run out and take a look at
• 12:08
  the website realquicklyfirstmint.com.
• 12:14
  Here we go. There's the Las Vegas round,
• 12:16
  there's the bars that they have available, 5 oz, 10 oz and 1K.
• 12:20
  By the way, the five ounce bar is Susie's favorite.
• 12:23
  Upstairs. Susie, you're the snake.
• 12:26
  That's awesome. OK, you're the dragon.
• 12:30
  These are all unique to 1st meant and right.
• 12:33
  My favorite is that Indian. I just absolutely love that on
• 12:37
  their Buffalo round. So check out first meant help
• 12:39
  support them because they are helping support us being able to
• 12:43
  get together. All right.
• 12:45
  Wow, we got a lot going on. I want to mention this as well.
• 12:48
  Are you feeling, are you feeling the summer doldrums?
• 12:51
  Right? You know, we're in the middle of
• 12:52
  July, things slow down. All the big investment bankers
• 12:56
  are in the Hamptons on vacation. We're not.
• 13:00
  I'm in my basement with you. I'd rather be here than there
• 13:03
  anyway. Nonetheless, what I want to say
• 13:05
  is this. If this is the summer doldrums
• 13:09
  for silver and gold, I'm going to bang the table.
• 13:12
  Bang, bang, bang. I got to be careful.
• 13:14
  Stuff falls nonetheless. Guys, we're doing really good.
• 13:17
  Pull up a one year chart of silver.
• 13:19
  One year ago right now, silver was $10 per oz lower pull up A1
• 13:25
  year chart for gold. I dare you.
• 13:28
  Gold was like, excuse me, $1000 Laura.
• 13:32
  So while it may feel like things have slowed down and we saw that
• 13:35
  triangle pattern and gold that's going to move one way or the
• 13:37
  other, we got to stop back, step back and and and take account
• 13:44
  have some gratitude for the gains that we have had over the
• 13:47
  last year. And the best part about it, huh,
• 13:50
  right, my fellow Fiat fighters is that the future, the Fiat
• 13:54
  fighters future looks really, really great.
• 13:57
  So we're going to be here. There's a lot going on.
• 14:00
  What about Chinese? Let's talk about the Chinese are
• 14:03
  buying all. That's what I talked about with
• 14:05
  Mike yesterday from mid America coins.
• 14:08
  I was like the Chinese, the Indians are buying a look at
• 14:11
  this data. This is shocking data about what
• 14:14
  is going on right now in the Chinese gold market.
• 14:19
  Get ready. Hold on to your shorts.
• 14:21
  OK guys, this comes from the Kobe C letter.
• 14:24
  Chinese gold demand is skyrocketing.
• 14:27
  Chinese gold ETF demand hit a record 45 tons in Q2, right?
• 14:32
  Just ended in June June 30th, up from 18 tons in Q one that's
• 14:38
  like a almost 200% increase in demand for gold from China.
• 14:44
  This brings the total first half of the year 2025 demand to 63
• 14:50
  tons, an all time high. Ding Ding Ding Ding Ding.
• 14:53
  We've got an old at an all time high.
• 14:57
  As a result, total ETF holdings jumped by 74% year over year to
• 15:03
  200 tons. OK, also, their central bank is
• 15:07
  buying more gold. Furthermore, Goldman Sachs
• 15:10
  estimates that China unofficially bought 15 tons in
• 15:14
  May on the London market. We don't even know how much
• 15:17
  their central bank is buying. OK, eight times the officially
• 15:21
  reported figure. And again, that came from our
• 15:24
  fine friends over at Goldman Sachs, right?
• 15:26
  The most prestigious investment bank in the world.
• 15:30
  But take a gander at this chart, OK, Chinese gold ETF demand, and
• 15:35
  look at the red. I don't even have to pull up the
• 15:36
  crayons. Look at the red.
• 15:37
  Look at 2025. OK, purple is Q1, blue is Q2.
• 15:43
  Look at it compared to these previous years.
• 15:46
  I can't resist. We got to pull the crayons out
• 15:48
  here. Here's last year draw better red
• 15:53
  boxes anyway. I mean, it's like, oh, it's a
• 16:00
  good time from to be invested in gold and silver because the
• 16:05
  world is running away from paper money, you know, and then we got
• 16:12
  this big news out of the white, out of the White House.
• 16:14
  We're going to get to that in a second.
• 16:15
  That's going to have the world moving even faster away from
• 16:18
  paper money. One more thing here before we
• 16:21
  get to that big Trump news. CNBC.
• 16:25
  Oh yes, CNBCNBS as we've called it before, they're starting to
• 16:29
  really talk about the precious metals.
• 16:32
  Take a look at this one. Central banks are increasingly
• 16:37
  buying gold from local mines as prices surge.
• 16:42
  And you know I will read their little bullet points.
• 16:44
  Local purchases can save cost for some central banks against
• 16:48
  the backdrop of elevated gold prices.
• 16:50
  It also is a way to support local industries and bolster
• 16:53
  forex reserves. But here we go in yellow. 3
• 16:56
  short paragraphs, speed read. You ready?
• 16:59
  19 out of 36 respondents in the World Gold Council's latest
• 17:03
  central bank survey said they are buying gold directly from
• 17:06
  domestic, artisanal and small scale gold mines in local
• 17:09
  currency. Four are thinking of following
• 17:12
  suit for more. This is a slightly higher figure
• 17:15
  than last year's survey went around 14 central banks out of
• 17:19
  57 said they were buying directly from domestic
• 17:23
  producers. One trend that we're seeing is
• 17:27
  that some central banks, especially in Africa, Latin
• 17:30
  America, are starting to buy gold directly from domestic
• 17:34
  small scale gold miners, which have really proliferated because
• 17:40
  of the higher price, said Shakaky Fan, global head of
• 17:44
  central banks at the World Gold Council.
• 17:47
  Central banks up, Here we go. Here's the list.
• 17:49
  Colombia, Tan, Tanzania, Ghana, Zambia, Mongolia and the
• 17:53
  Philippines are relying on domestically mined gold to build
• 17:57
  up reserves, according to the industry body.
• 18:01
  Wow, there's a double whammy. Oh, hold on here.
• 18:04
  May have lost you guys having some technical issues.
• 18:07
  I think we're back. All right.
• 18:09
  Let me know if you can see me and hear me.
• 18:11
  There's a double whammy in there, OK?
• 18:14
  A double whammy. Good for precious metals.
• 18:16
  In that article alone, Number one, it's from CNBC.
• 18:20
  It's spreading the news about gold and silver, mainstream
• 18:23
  media talking about gold and silver.
• 18:26
  And not that it's just a barbarous relic or something
• 18:30
  that pirates and criminals use. No talking about it from a
• 18:33
  central bank perspective. And that's the second whammy in
• 18:37
  that article, right? More and more central banks are
• 18:40
  buying gold. Who are the smartest, most
• 18:43
  inside, sophisticated financial institutions in the world?
• 18:50
  Central banks. What are the central banks doing
• 18:53
  buying gold? Think about that for a second.
• 18:56
  Albert Eisenhower. Don't listen to what they say.
• 19:02
  Listen to what they're doing. Watch what they're doing.
• 19:06
  And they're buying gold. I wonder why?
• 19:09
  Because they're running away from paper money, that's why.
• 19:13
  OK, big news story this week, the Trump administration.
• 19:16
  I'll pull up the headline for you for one second.
• 19:18
  I'm going to tell you why this is major good news long term.
• 19:22
  And I'm talking decades out for precious metals.
• 19:26
  Here we go. Trump signs the stable coin
• 19:28
  bill, crypto into law, camping a string of Crypto Week victories.
• 19:33
  OK, this obviously is good news for crypto currencies, but it's
• 19:37
  also massive good news for the precious metals.
• 19:41
  I'm going to tell you why in one second after I say thank you to
• 19:44
  channel sponsor first mining gold.
• 19:47
  They sponsor the gold and silver content down here in the
• 19:50
  basement. Also, they're a Canadian
• 19:53
  development stage gold mining company.
• 19:55
  They've got 2, two massive projects in Canada, gold in the
• 19:58
  ground. That's in the permitting
• 20:00
  process. OK, the gold's been defined,
• 20:02
  It's in the ground. They have the Spring Pole
• 20:04
  project in Ontario and the Du Parquet project in Quebec, both
• 20:09
  of which have multiple millions of Oz of gold in the ground.
• 20:13
  They're working through the development stage, permitting,
• 20:16
  that type of thing. But the gold is there, it's in
• 20:19
  the ground and it's in Canada. I'm not a big holder of physical
• 20:23
  gold, however I do own that. Stock, this is not financial
• 20:27
  advice. I'm not a financial planner.
• 20:29
  Don't buy or sell anything based on what I say, but I've owned
• 20:32
  the stock for years and I like the idea of owning gold in the
• 20:36
  ground in Canada. You can learn more about the
• 20:39
  company at firstmininggold.com. Now, what did Donald Trump do?
• 20:44
  That's going to be good news for US gold and silver investors for
• 20:47
  decades to come. They are, they signed the stable
• 20:50
  coin bill. Basically, guys, the way to look
• 20:53
  at this is they're using now a cryptocurrency, stable coins to
• 20:58
  help fund the national debt of our country.
• 21:01
  It's like they added another shell to the shell game.
• 21:05
  OK, it was already a shell game, we knew that.
• 21:08
  However, now they added another shell because when people buy
• 21:12
  these cryptocurrency stable coins, those stable coins are
• 21:17
  going to be buying dollars, buying U.S. debt, buying U.S.
• 21:21
  Treasuries. So it's just another way for the
• 21:24
  government to finance the debt, to roll the debt higher and
• 21:28
  higher and higher. When the debt goes higher and
• 21:31
  higher and higher, anyone with a calculator can figure out that
• 21:36
  they are diluting the value of the US dollar and silver and
• 21:41
  gold. Investors, investors in anything
• 21:45
  that's finite and fixed in nature, right?
• 21:48
  When they dilute the dollar, anything that we measure in
• 21:51
  dollars, which because we've been brainwashed, a lot of us
• 21:54
  measure the value of our silver, the value of our gold in dollars
• 21:58
  will go up as priced in U.S. dollars.
• 22:02
  So good news, and this is going to go on now.
• 22:05
  You know, if this really continues to take hold like it
• 22:08
  appears it is, this will provide a steady tailwind to our silver
• 22:14
  and gold boat that we're all sailing on together off into the
• 22:19
  beautiful sunset. We're going to be real happy, I
• 22:22
  believe that we own precious metals and precious metal mining
• 22:27
  stocks. Thanks again for joining me,
• 22:28
  guys. I also want to say thank you,
• 22:30
  the channel sponsor Ledger. They are the cryptocurrency
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  hardware wallet security leader and our friends at Moon Pay,
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  They're growing and innovating like no one in that field.
• 22:44
  Most importantly, thank you for joining me.
• 22:47
  Don't forget to please subscribe to the channel.
• 22:50
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• 22:55
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• 22:58
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• 23:01
  the basement. Have yourself a great day and I
• 23:04
  will look.