Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🔥GOLD SILVER - ALERT!🔥 THIS is PREDICTABLE!... (Silver Price and Gold)

Transcript

🔥GOLD SILVER - ALERT!🔥 THIS is PREDICTABLE!... (Silver Price and Gold) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  We are at a critical juncture, a critical period for silver and
• 0:04
  gold. We'll examine that.
• 0:06
  We'll talk about the reasons why.
• 0:08
  Also warning, warning, warning, the next two or three weeks
• 0:13
  could be very bumpy for the silver and gold price.
• 0:17
  Let's talk about that first because tomorrow we're going to
• 0:20
  hear from our old friend Jerome Powell at the United States
• 0:23
  Federal Reserve. We're going to get the update on
• 0:26
  the monetary policy. And guys, I've got a big warning
• 0:31
  for you. I don't think it's going to be a
• 0:33
  good day for silver and gold. That's just my opinion.
• 0:37
  Don't make any financial decisions based on anything I'm
• 0:39
  saying. But usually my gut feelings are
• 0:42
  right. And I'll tell you what I think
• 0:44
  is going to happen tomorrow, the reason why tomorrow could
• 0:47
  present a very challenging day for gold and silver.
• 0:50
  I hope I'm wrong. I hope you can come on here
• 0:53
  tomorrow or Thursday and say, Ronnie, you were wrong, wrong,
• 0:57
  wrong. But we'll go out and take a look
• 1:00
  at what we know right now about what we should expect for
• 1:04
  tomorrow. We'll go out here to the CME
• 1:07
  Group Fedwatch Tool where we have one day and two hours until
• 1:12
  we will hear from Jerome Powell. And look at this, guys.
• 1:14
  I updated this just before we came on.
• 1:17
  We are back to a 99 Percent chance that they're going to cut
• 1:22
  rates tomorrow. That's not the important thing.
• 1:24
  That's not the reason why we need to be concerned about the
• 1:28
  silver and gold price tomorrow. And again, I'll repeat one more
• 1:32
  time, I hope I'm wrong. I hope you can.
• 1:34
  You can say that, Ron, he does not know what he's talking
• 1:37
  about. But what's more important
• 1:39
  tomorrow from the Fed is not the fact that they're going to cut
• 1:42
  rates, which they are. It would be an absolute shock if
• 1:47
  they don't cut rates. That would be catastrophic for
• 1:51
  the gold and silver price. We would have to restart the the
• 1:55
  silver investor support group on Sunday night, have our meetings
• 1:59
  where we all sit around and talk about our horrible experiences.
• 2:03
  If if they don't cut rates tomorrow, but they are going to
• 2:06
  cut rates. What's what the the example.
• 2:10
  The big reason that we need to pay attention to Jerome tomorrow
• 2:15
  is more about not what he does, but what he says.
• 2:19
  OK, now, usually we say the opposite, basement dwellers.
• 2:23
  We say look what the central banks are doing.
• 2:25
  Don't listen to what they say. But tomorrow is one of those
• 2:28
  rare exceptions when we need to listen to what Jerome says
• 2:32
  because not because of us. Because we know in the long run,
• 2:35
  it's a bunch of bunk, right? The whole Fed Unicorn fart dust.
• 2:40
  Did I tell you I started a meme coin called Unicorn Fart dust?
• 2:44
  I'll tell you about that in just a second.
• 2:46
  Yes, that's right. This guy is now worth $6000.
• 2:53
  I'm not joking. I'm going to tell you about my
• 2:56
  journey. Nonetheless, in the long run, I
• 2:58
  got off track there. The the, it's, it's all Fantasy
• 3:01
  Island. But tomorrow, everybody's going
• 3:04
  to be listening to what Jerome says, right?
• 3:06
  That's the big deal because they're looking for hints as to
• 3:09
  what they're thinking about monetary policy into 2025.
• 3:14
  Are they going to continue to cut rates?
• 3:16
  What hints are they going to give?
• 3:18
  What I'm predicting for tomorrow is that we are going to get
• 3:22
  hawkish, which means type, type commentary from Jerome Powell.
• 3:28
  OK, it's not. I hope I'm wrong, I promise I
• 3:31
  won't say that again, but I think we're going to get some
• 3:33
  hawkish commentary and it could prove to be a very difficult day
• 3:38
  for silver and gold. And it's all the timing lines
• 3:41
  up. They love to ruin Christmas for
• 3:43
  us silver and gold investors, right?
• 3:46
  The LBMA and the Comex and the Fed.
• 3:49
  They hate gold and silver and they love to put a damper on the
• 3:52
  holidays for they love to let all the other parts of the
• 3:55
  market right go to all time highs.
• 3:57
  All time highs, but not silver and gold.
• 4:00
  No, no, I mean, I've been watching this for decades.
• 4:05
  It's always the same thing. It's always the week before
• 4:08
  Christmas. You know, it seems like like the
• 4:11
  stock, the, the precious metal mining stocks go in the tubes
• 4:15
  and the price of gold and silver 2025 is going to be a way, way,
• 4:20
  way different story. Because we're at this point
• 4:24
  right now, guys, we're at this critical juncture.
• 4:27
  Let's go take a look at at some charts and see what we're
• 4:30
  talking about. You know what, before we do
• 4:32
  that, let's hop over here to channel sponsor pin backs and
• 4:35
  get an update on the gold and silver price.
• 4:37
  I have a feeling it is worse than what we're seeing here.
• 4:40
  We're going to press the Golden Triangle and hey, it got better.
• 4:46
  Silver's only down 7 cents. I'm feeling it.
• 4:50
  Are you? Don't you love it when the price
• 4:52
  is silver? It's down, but not down as much
• 4:55
  as it was, which is good, you know, Hey, we'll take it.
• 4:57
  Gold down almost $13 per oz. Gold $2640.
• 5:03
  Silver just below $30.50. Thank you to channel sponsor
• 5:09
  Pimbex Pi MB EX. They make this live stream video
• 5:14
  possible. They allow us to come together.
• 5:17
  There's their support and they've been a great, great
• 5:19
  sponsor of the basement. Look, everyone that sends me
• 5:23
  feedback on pin backs, I get overwhelmingly positive
• 5:28
  feedback, right? Great selection, great people
• 5:32
  that work there, great customer service and their prices are
• 5:35
  always like ultra competitive, very difficult to beat and often
• 5:40
  times if you're looking at silver, a dollar or two less.
• 5:44
  Look at this. I was checking this out this
• 5:46
  morning just for fun. Before we came on, I went and
• 5:48
  looked at Canadian silver coins. Look at this, you can buy one
• 5:52
  ounce Canadian silver Maple Leaf coins as low as $32.96.
• 5:59
  Now these are not be used. These are random year coins that
• 6:04
  might have some slight imperfections.
• 6:06
  I'm I'm not a guru on coins, but the BU are Brilliant
• 6:09
  Uncirculated. Heck, you can buy the Brilliant
• 6:11
  Uncirculated's for $33.51 and look at that.
• 6:18
  I mean, you're talking $3 over spot.
• 6:21
  You know what? You're spoiled.
• 6:23
  You're spoiled. What's wrong with you?
• 6:28
  You, you American silver investor?
• 6:30
  Not all of you are joining me from America, but those that
• 6:33
  are, including me, we are spoiled.
• 6:36
  Get a load of this, OK, and then we'll come back to these charts.
• 6:39
  I got some charts, but I this is a perfect segue into this next
• 6:43
  point here. I'm going to go a little bit out
• 6:45
  of order, so bear with me please.
• 6:47
  Basement dwellers. I got this e-mail from our
• 6:50
  friend Andreas in Germany. OK, I recopied it and sent it
• 6:55
  back to myself. So I didn't want to divulge his
• 6:57
  personal information. This is crazy, guys.
• 7:00
  We could buy. We could buy those.
• 7:04
  What? We just looked at those Canadian
• 7:07
  Maple Leafs and if I've got this correct, we could go to Germany
• 7:10
  and sell them to a coin shop and make a profit.
• 7:13
  Listen to this, Ron, thank you again for your great YouTube
• 7:17
  videos. I don't need to read that.
• 7:19
  You know what they say in life, You ever experienced this?
• 7:21
  You know, I'm out here on YouTube, I get all kinds of
• 7:24
  crazy feedback, great feedback, negative feedback.
• 7:28
  You can get it like 50 great compliments, but the one
• 7:31
  criticism or the one jerk that's out there, that's the one that
• 7:35
  sticks in your mind. It's true.
• 7:39
  I mean, you know, and look, I'm sensitive.
• 7:41
  I've told you that. So I'm going to go.
• 7:42
  Let's go back. And we were talking about our
• 7:47
  Canadian Maple Leafs. I'm sorry.
• 7:49
  I just and what? Thanks for your great YouTube
• 7:51
  videos. Thanks, Andreas.
• 7:52
  You're my new best friend. As we all know, the spot price
• 7:55
  is declining, but only for a short time hopefully.
• 7:59
  But I want to point out that the physical price in Europe is not
• 8:03
  declining that much. On the contrary, as you can see
• 8:06
  from the attached document which I examined and he was true
• 8:10
  honest on this, the cheapest silver you can buy is A1 oz
• 8:13
  Maple Leaf. That is at least around 20%
• 8:17
  above the spot price. So the physical market in
• 8:20
  Germany does contradict the spot price.
• 8:23
  You have to pay almost $37 per oz and you get at least was.
• 8:29
  This is the interesting thing, $34.66 when you sell them to the
• 8:35
  bullion dealers which is 12% above the spot price.
• 8:40
  This kind of reminds me of the Shanghai Gold Exchange where the
• 8:45
  price of silver is always higher.
• 8:46
  So in Germany you can sell, he's telling me here, Canadian Maple
• 8:51
  Leafs back to coin shops for $34.66.
• 8:55
  Just imagine you could trade with the LBMA and get the silver
• 8:58
  delivered at the spot price and you can sell it in Germany for
• 9:02
  20 for 20% plus. That's a good deal.
• 9:05
  I wish I could buy at the LBMA ha ha.
• 9:08
  But look at this guys. Look in, in the I'm not giving
• 9:11
  business advice. Don't go book a flight to
• 9:13
  Germany, buy a bunch of silver and come back.
• 9:16
  I'm just telling you what Andreas said here in pointing
• 9:20
  out what appears to be the fact. But he's saying that you can
• 9:24
  sell, and this was yesterday, back to coin dealers, $34.66.
• 9:30
  And yeah, you know, that's less than you can buy.
• 9:35
  You know, if you buy 500 plus from an online bullion dealer
• 9:39
  like maybe Penbacks, you can get it for less.
• 9:42
  Unbelievable. And what it really shows us.
• 9:45
  Let's go out again. What is the real price of
• 9:50
  silver? The real price of silver.
• 9:52
  Guys, we're on a little field trip here.
• 9:54
  You're getting a behind the scenes look at the basement.
• 9:57
  Hopefully we're still on the right screen, Which we are.
• 10:00
  Thank you. Hopefully we're still alive.
• 10:03
  What did Poonam? I don't get it.
• 10:05
  OK, Anyway, let's go to. It'll just pull up.
• 10:09
  As I look at him, these are the people I look at the most.
• 10:11
  The Oriental ghost, Peter Croft, the guy that wrote the Silver
• 10:14
  Bible, Ronnie Stofferly and the dude.
• 10:17
  We'll come back to the dude in a second.
• 10:19
  Let's just make sure the Oriental ghost.
• 10:22
  Here we go. This is the silver market data.
• 10:26
  It's been a few days since we've talked about the Shanghai Gold
• 10:32
  Exchange, and the only reason I emphasize the highs because the
• 10:35
  silver price is always higher. There's silver AG.
• 10:40
  All right, December 17th. That was this morning for us in
• 10:44
  the US, It closed it. We're going to say we're going
• 10:47
  to round up because we need some optimism, $33 per oz.
• 10:51
  So silver on the physical market, that's critical to
• 10:55
  remember for those of you who are new, the Shanghai Gold
• 10:58
  Exchange, not only is there silver price always higher, but
• 11:03
  it's this is a physical market. Imagine that, buttercup.
• 11:08
  Imagine a market. Or if you want to sell
• 11:11
  something, you got to actually have it.
• 11:15
  It just dawned on me. That's crazy, right?
• 11:21
  If you want to sell your silver, you got to actually have it.
• 11:25
  What? Here, wait a minute.
• 11:27
  Wait a minute here. I'll tell you what I'm talking
• 11:30
  about. We'll go out here to the United
• 11:32
  States of American Debt Clock. I'm not even going to look at
• 11:36
  the debt level. This is what I'm talking about
• 11:39
  paper to silver ratio in America and in and in London, England,
• 11:44
  the OBMA, the paper to silver ratio is 412 to one.
• 11:49
  OK, that means there's 412 paper make believe.
• 11:52
  Unicorn fart does like the hottest meme coin in the history
• 11:55
  of the world. Unicorn fart does UFD.
• 11:58
  I'll tell you more about that later.
• 12:00
  Don't buy it. None the less, there's 412 paper
• 12:06
  silver oz fake electronic for each one.
• 12:11
  Imagine that. Wow, you know what hold on.
• 12:15
  I'm sorry guys, bear with me here and the dollar to silver
• 12:18
  ratio is now at oh that's a cool number 1122.
• 12:22
  Yes, there are 1122 paper dollars being created by the
• 12:26
  United States government via the M2 money supply for each one
• 12:30
  ounce of silver. What a joke.
• 12:33
  Back to the back to you, imagine that if you want to trade
• 12:39
  something in China, those Chinese people are nutty.
• 12:43
  If you want to sell something, you got to actually have it.
• 12:47
  When are they going to learn? Like in America, the LBMA in the
• 12:50
  COMEX that have been proven to manipulate the price of gold and
• 12:54
  silver. You don't have to have it.
• 12:57
  If you want to sell it, you can just sell it.
• 13:02
  It's you can just sell it. You don't need it.
• 13:05
  That's why in Shanghai. That's why in Shanghai the price
• 13:11
  is the real silver price. Period.
• 13:13
  Kaput. OK, feel good.
• 13:15
  I'm feeling good, feeling good, feeling good about the silver
• 13:18
  Germany hawkish 3 weeks. We got trouble.
• 13:22
  Oh, we got to look at these charts.
• 13:23
  This is why we are in for an interesting couple weeks in
• 13:29
  silver and gold. We're going to go out to the
• 13:31
  happy Hawaiian. He's a good guy, very super high
• 13:34
  respected chart. Silver and gold follower medals
• 13:38
  are being sat on mean, meaning the gold and silver price are
• 13:43
  being suppressed in in an attempt to cause major breakdown
• 13:48
  from the uptrend. The war.
• 13:51
  I used to say war, Susie, you know what it's like when you're
• 13:54
  married? Susie would say it's it's not
• 13:56
  war, it's war. The war is being fought at 2670
• 14:01
  for gold, 2600 and $7030.50 for silver.
• 14:07
  Let's look see what he's talking about.
• 14:09
  OK, so I wish I could make that bigger for you guys, but this is
• 14:14
  the gold price. There's the uptrend starting
• 14:18
  back in early 2024. What he's talking about is is
• 14:23
  are they going to push gold below the blue line below the
• 14:27
  trend line? OK, I think they are I'm I'm I
• 14:30
  hope I'm wrong. Like I talked about the onset of
• 14:33
  this video live stream, I think tomorrow for those of you, we've
• 14:36
  got hundreds of people coming on here.
• 14:39
  It's incredible how much this channel has grown.
• 14:42
  Hey, thank you. OK, well, I'll get back to that
• 14:45
  later. I got to tell you a big thank
• 14:47
  you. But I think tomorrow we're going
• 14:49
  to get a rate cut. But some hawkish language you
• 14:53
  watch. I'm not going to say I told you
• 14:54
  so, but I will say that I'm wrong if I'm wrong and I hope
• 14:57
  I'm wrong and that hawkish language is going to torpedo the
• 15:00
  gold and silver price, I'm out on a limb.
• 15:03
  OK, I'm out on a limb on that one.
• 15:05
  Let's look at silver. Silver, everybody keeps talking
• 15:09
  about that Christmas song, silver and gold.
• 15:13
  OK, here's silver again, right? We're right there.
• 15:16
  Again, the blue line, it is so critical.
• 15:19
  Guys, let me go to this is the 10 year bond yield.
• 15:26
  Let's just take a quick, quick peek.
• 15:28
  Stay with me. We're going to go to the silver
• 15:30
  price chart here. That's the 10 year bond yield.
• 15:34
  Let's see what's going on in the world.
• 15:36
  That's NVIDIA. I don't care about that.
• 15:38
  And gosh, over information overload.
• 15:42
  Hold on here. There's gold down 14.
• 15:46
  We're getting there. Having a little technical
• 15:49
  challenge here. Hang Seng and 10 year bond and
• 15:55
  crude oil, gold, silver, wow, the futures are down.
• 16:00
  There was this crazy situation unfolding in the futures markets
• 16:04
  and now we are down 11 cents. OK, not as bad.
• 16:07
  I thought it sit down like 25. Hold on here guys, $30.94 in the
• 16:14
  futures market. It's just such a critical
• 16:17
  juncture. We're going to pull up the six
• 16:19
  month, six months and oh boy. And it's maybe it's not looking
• 16:24
  so, so hot. We got it.
• 16:27
  We really got to keep an eye on this.
• 16:30
  Oof, look at that. We are riding.
• 16:32
  Let me pull it down a little bit.
• 16:34
  We are riding the line. See where my see where my yellow
• 16:37
  arrow is right there, just barely above this trend line
• 16:40
  that goes back to August. Now let's look at a one year
• 16:45
  chart and see if it's any different.
• 16:47
  Wow, it's even crazier. Sorry, hold on here.
• 16:53
  Let's just look at this as well. Straight line, OK, I mean, we
• 16:59
  can almost go all the way back here and again, do you see what
• 17:04
  I'm talking about? We are we are at a critical
• 17:06
  point in the silver market if we get down here, which I don't
• 17:11
  want to see happen. Oh gosh.
• 17:16
  Anyway, if we get I was trying to draw an arrow, we get down
• 17:21
  here guys, which we don't want to see happen in that 2725
• 17:26
  range. Yeah, we we get to have some
• 17:27
  technical damage. However, however, as we move out
• 17:32
  into 2025, trust me, we got a lot of good things coming in the
• 17:38
  silver and gold market. Again, don't make any financial
• 17:40
  decisions based on anything I'm saying.
• 17:42
  I have been wrong in the past. I've been right in the past, but
• 17:46
  I have a strong inclination and it's not just me, it's the big
• 17:49
  brokerage houses, it's all of them that are saying everybody's
• 17:53
  talking about $40 silver in 2025.
• 17:57
  I think the price could go much, much, much higher.
• 18:01
  It was primed to run up to 44 by right now, by before Christmas,
• 18:06
  until we had what was what I consider to be a Black Swan
• 18:11
  event, which was the overwhelming landslide victory
• 18:14
  of President Donald J Trump. OK, that put a real wrinkle into
• 18:20
  the silver and gold market short term.
• 18:23
  As we move in the 2025, things are going to get very
• 18:27
  interesting. Let's go take a look at what
• 18:29
  Jesse Colombo is showing us. A warning, OK, if you, if you
• 18:34
  are, are someone who doesn't like bad news, you may not want
• 18:39
  to watch this next segment. Jesse Colombo put this on
• 18:42
  Twitter. the US may already be in a recession, OK, Like night
• 18:46
  follows day, recessions and financial crisis follow interest
• 18:51
  rate hike cycles. So this blue line that you see
• 18:55
  on this chart is the interest rate, OK?
• 19:00
  And it and the Gray shaded areas are recessions.
• 19:04
  And as you can see, this goes all the way back to 1980.
• 19:07
  Every time they raised rates, raised rates, what follows is a
• 19:10
  recession, OK, Raised rates, raised rates, recession.
• 19:14
  That was the US member, the SNL crisis back in the 80s.
• 19:18
  That's when that's when we thought that was a big deal.
• 19:21
  Emerging market crisis, right? The tech bubble burst, they had
• 19:25
  raised rates and then after they rate, look at this, it's after
• 19:30
  they raise the rates. That's when the recession hits.
• 19:33
  Then again, OK, this was the housing bubble.
• 19:36
  They raised rates, raised rates. They got up here.
• 19:39
  The little tabletop, we'll call it like you can see we're having
• 19:41
  right now, but it's just after, just subsequent to the rate
• 19:46
  hike. Hate, hate, Rico, psych rate,
• 19:50
  cycle hike that we get the Gray area, the recession, OK, here we
• 19:56
  are again, right? We had a little recession that
• 19:58
  occurred right there, but here we are again at the tabletop,
• 20:02
  right? What's going to be over here?
• 20:04
  This is 2025, and I think it's very likely that what we're
• 20:08
  going to have over there is a Gray area.
• 20:11
  Now we're going to come back to look at a few more.
• 20:13
  We're going to zoom through some more of Jesse's charts.
• 20:16
  But guys, recession, OK, that results in one thing.
• 20:20
  That results in skyrocketing gold and silver prices.
• 20:24
  But why? What are the reasons why?
• 20:26
  Because the Fed is in such a sensitive, a precarious position
• 20:33
  and what we've, what we've witnessed over the last 20 years
• 20:37
  as as they kicked the can down the road further and further,
• 20:42
  that has resulted in the Fed needing to react more quickly in
• 20:46
  a much more extreme manner. So when we hit that recession,
• 20:50
  the reason why gold and silver will skyrocket when we hit that
• 20:53
  recession is because the Fed is going to have to react #1
• 20:59
  immediately and #2 right in a much more exaggerated Barrett.
• 21:04
  The can keeps getting bigger. For there was a time down here
• 21:08
  in the basement, I can't hear about all my props around, but
• 21:11
  think of it like like, like like back to the here.
• 21:14
  You know what, here, let's go real quickly because this is
• 21:17
  interesting. This bears us examining.
• 21:21
  OK, when that recession hit, it was a it was a it was a little
• 21:24
  tin can, right? Then when the let's say when the
• 21:28
  tech bubble burst, they they've had to kick a bigger can like a
• 21:31
  big soup can. Then the next one, it was like a
• 21:34
  5 gallon bucket. OK, now the can, the Jerome,
• 21:40
  let's get, hey, stay with me, basement dwellers.
• 21:42
  Let's let I have a special guest for us today.
• 21:46
  I got a person who we hear or or who we who we keep dear to our
• 21:50
  heart. Let's get him out.
• 21:54
  Hey now, this guy who we're going to hear from tomorrow,
• 21:58
  right? The can that he has to kick now
• 22:00
  is like the size of a 55 gallon oil drum like they have at your
• 22:05
  local neighborhood park as a trash can.
• 22:07
  Those big metal drums with the two rings around them, that's
• 22:11
  what he's got a kick. And guess what?
• 22:12
  You can't kick that as far. And the only thing that he can
• 22:16
  do, the only thing left, right. Is this.
• 22:20
  OK, Thanks to our friend Don Indris.
• 22:22
  We haven't talked to him for a while.
• 22:23
  Printing money, toilet paper. And when they print money, the
• 22:27
  value. This is the reason why you can
• 22:29
  expect much higher silver and gold prices.
• 22:33
  The more you print, the more the more worthless the currency
• 22:37
  becomes. I I'm sorry, let's go back out
• 22:41
  quickly. We didn't check today.
• 22:44
  The only way they can pay this off $36 trillion in debt, huh.
• 22:50
  The only way, the only way they can pay that off.
• 22:54
  Think about it guys, it's untenable.
• 22:56
  The only way it can be paid off is with dollars, paper dollars.
• 23:01
  The unit that this is measured in is called the United States
• 23:04
  dollar. The only way that they can even
• 23:07
  remotely think this is the unit of measured.
• 23:10
  Imagine 36 trillion of these. The only way they can pay that
• 23:13
  off is if they make these worth less.
• 23:17
  And they they're fully capable and they have fully demonstrated
• 23:22
  to the world and to US Americans, right, that they're
• 23:26
  capable and willing to do that. Go to the grocery store, go to
• 23:30
  the gas pump, go try to buy a house.
• 23:33
  It's ridiculous. OK, Wait till you hear.
• 23:35
  We got unbelievable information about the housing market.
• 23:40
  It's it's we, we are in dire, dire straits.
• 23:43
  Let's quickly run through a few more of Jesse's charts because
• 23:46
  this was an outstanding post by him on Twitter.
• 23:51
  OK, there's another look at the Fed recession indicator here.
• 23:56
  This is this is the one that that gets us every time.
• 23:59
  This is perfect. The 10 year to two year yield
• 24:02
  spread, which is accurately predicted the last six
• 24:05
  recessions has been in the inversion danger zone since July
• 24:10
  of 2022, a prolonged period that but that doesn't diminish the
• 24:17
  validity of the signal. So just quickly we'll look at
• 24:20
  this one right Again, the Gray areas are recessions.
• 24:24
  They happen after after the yield curve inverts, which is
• 24:27
  the red section down here. Really great chart, easy to
• 24:31
  read. OK, the yield here, right here.
• 24:33
  OK, 1980 the yield curve inverted afterwards recession.
• 24:39
  OK, the right around the tech bubble, the yield curve inverted
• 24:43
  recession. So whether we're looking at the
• 24:45
  feds rate or we're looking at the yield curve, inversion,
• 24:48
  recession, OK, happened again here, 2008.
• 24:51
  Here we are again, a massive inversion.
• 24:54
  Looks what happened last time we had a massive inversion, we had
• 24:58
  a massive recession. And what else happened back
• 25:02
  during this period? Yeah, we know that was like the
• 25:06
  glory days for gold and silver. That's when what the silver
• 25:10
  price went from $1.50 to $50 per oz.
• 25:14
  Guys, we are heading into some very, very, very, very
• 25:18
  interesting times and everything I want you to think about this
• 25:21
  why we need to be very, very prepared and scared about what's
• 25:28
  coming in 2025 and why, why the reasons why that I believe.
• 25:34
  Look, I'm not giving financial advice, I'm not telling you what
• 25:37
  to do, but it's a smart thing for us to be holding gold and
• 25:41
  silver is because next year has the potential to be potentially,
• 25:48
  I'll use the C word catastrophic.
• 25:50
  OK, Think about it. Everything is priced to
• 25:55
  perfection right now. The stock market, the stock
• 26:00
  market is priced to perfection. I mean, it's frustrating.
• 26:04
  Yeah. You know, maybe you've got a lot
• 26:06
  of money in the stock market and you've done well.
• 26:09
  Good for you. My hat's off.
• 26:11
  My journey hasn't been that. I mean, I'm.
• 26:13
  We aren't really invested in the S&P 500 or any of that stuff.
• 26:17
  The real estate market, the residential real estate market
• 26:20
  is priced for perfection. OK, the bond market, it's gone
• 26:25
  down a little bit, but it's priced for perfection.
• 26:27
  Everything is at a Bitcoin is at all time highs, right?
• 26:31
  The 107 thousand everything is priced for perfection and next
• 26:37
  year could be not perfect. There's a lot of uncertainty,
• 26:43
  right? There's a lot of like emotional
• 26:45
  and I get it. I feel it.
• 26:47
  I'm with you, brother. I understand there's a lot of
• 26:49
  emotional good feelings about next year, right?
• 26:53
  The general public is feeling very good, which is great.
• 26:57
  I'm not Hey, I I want you to feel good.
• 26:59
  I want to feel good. That's why we're here together
• 27:01
  so we can feel good. Thank you for being here.
• 27:03
  OK, Thank you, thank you, thank you.
• 27:06
  I got it. I'm now I can't lose this train
• 27:07
  of thought, but I got to say thank you to you guys.
• 27:09
  I we, we hit 45,000 and subscribers, that's a big deal.
• 27:13
  And I want to say a big thank you to all the basement dwellers
• 27:16
  that help make this possible. We got Jake from Jake's custom
• 27:19
  parts, Annie Oakley, right? They're always here, always
• 27:22
  helping out with the channel. Thank you guys.
• 27:25
  But each and every one of you seriously thank you.
• 27:28
  We're like a group. You're always welcome here.
• 27:30
  If you haven't subscribed, please do because now I really,
• 27:33
  I've never really focused on subscribers, but I really want
• 27:36
  to get us to 50,000. There's something about that.
• 27:38
  So thank you. Thank you.
• 27:40
  Now back to my point. Everything's priced for
• 27:44
  perfection next year. Everything in the general public
• 27:48
  is feeling good. Guys, the general public for the
• 27:53
  last two years was very pessimistic about the market,
• 27:56
  about everything in the general public was wrong because
• 27:59
  supposedly we're in a great economy.
• 28:01
  We covered this yesterday. The general public is generally
• 28:05
  wrong. That includes me, that includes
• 28:09
  you, but that's a fact. The general public, everything
• 28:12
  is priced for perfection. And we've got massive political
• 28:17
  change going to occur here in four or five weeks.
• 28:20
  Massive changes, right to the to the government.
• 28:24
  Look, here's the here's the reality.
• 28:26
  Here's a reality check for us. Think about this, this, this
• 28:29
  alone will make your jaw drop. OK, Listen, most of the economic
• 28:35
  growth that's occurred over the last number of years is because
• 28:39
  of government spending, right? And we know that Divek Ramaswami
• 28:44
  and Elon Musk and the DOGE department, they if they're
• 28:47
  gonna try to they're gonna try to cut massively government
• 28:50
  spending. That's what's been supporting
• 28:52
  our economy. I mean, if it works and they're
• 28:55
  able to spur, I mean, hey, look, but it's it's going to be it's
• 29:00
  going to be. And I'm and look, I'm in favor
• 29:03
  of it, OK. I think there's a lot of
• 29:04
  government waste, but it's going to be under the best case
• 29:07
  scenario, kind of a tumultuous time, a lot of uncertainty in
• 29:11
  2025. And I'm going to say it, The
• 29:13
  reason why gold and silver will do very well is because they
• 29:18
  love uncertainty. If we get a recession, like
• 29:21
  everything shows we should, all the Fed can do is print.
• 29:25
  And I'm going to tell you, think about this thing about Donald
• 29:28
  Trump. Donald Trump's background is
• 29:31
  about nothing. He's calls himself the king of
• 29:33
  debt, right? He called his his his background
• 29:36
  in the business world and in the even when he was president.
• 29:41
  He's not afraid. You know, look, I'm not saying
• 29:45
  that in a negative way. I'm not at all saying that in a
• 29:48
  negative way, but I'm just talking about reality.
• 29:50
  The guy is not afraid to print money.
• 29:52
  The guy is not afraid to borrow money.
• 29:54
  OK, we could be in for a real. We will be in for a real a wheel
• 30:01
  fun ride in 2025. All right, where was I?
• 30:06
  But general public's generally wrong.
• 30:08
  I don't know why I wrote this down, but made me think like
• 30:11
  everybody thinks because, wow, I'll tell it quickly.
• 30:15
  Everybody thinks I'm 64. OK.
• 30:17
  And everybody thinks like my best friend, Little Ricky.
• 30:20
  OK, I've been friends with him since the 3rd grade.
• 30:23
  He's much shorter than me. I like to call him Little Ricky.
• 30:26
  Everybody thinks, oh, you can. I'm going to tell you something.
• 30:28
  Everybody would think, oh, you could you could whip Little
• 30:30
  Ricky, right? Put him in a spot at least three
• 30:33
  times since we've been friends almost, I don't know, 40 years,
• 30:37
  50 years, three times. He's whipped me.
• 30:40
  OK, We got kicked out of chemistry class in high school,
• 30:45
  got sent into the lab and. And he whipped me.
• 30:49
  Trust me. OK, The general public is
• 30:51
  generally wrong. I don't know where that story
• 30:54
  came from. On top of what's going on.
• 30:56
  Let's talk about. And if you're watching Ricky,
• 30:59
  you know it's true, right? Little Ricky, the magnificence
• 31:03
  that let's talk about how crazy things are right now, right and
• 31:08
  what what this means, what a little bit hold on when just the
• 31:12
  itsy bitsy little bit of this money goes into the real form of
• 31:17
  money, right Silver and gold. We could have absolutely
• 31:21
  explosive growth and I'm going to show you exactly what I'm
• 31:25
  talking about right now, and this is unbelievable fact wrong
• 31:29
  1. Is this it?
• 31:32
  Yeah. Listen.
• 31:33
  Listen to this. Breaking, breaking.
• 31:36
  The magnificent 7 stocks now reflect a record 33% or 1/3 of
• 31:43
  the entire S&P 500. That means the entire S&P 500
• 31:47
  value is is made-up of just 7 stocks.
• 31:52
  This percentage has doubled in just five years.
• 31:56
  Or maybe another word. I think they made a mistake.
• 32:00
  Instead of doubled, they should have bubbled.
• 32:04
  Furthermore, the market cap of the MAG 7 stocks now exceeds 18
• 32:09
  trillion for the first time in history.
• 32:12
  The group is up 50% year to date.
• 32:17
  Oh my God, why can't that be a one?
• 32:19
  Just one mining stock nearly doubling the S&P 500's gain of
• 32:23
  28%. At the same time, the remaining
• 32:26
  493 companies of the index have returned just 20%.
• 32:32
  Big tech is massive. This is the magnificent 7.
• 32:35
  Like what? Facebook, Microsoft, Amazon,
• 32:39
  probably NVIDIA, I don't know whatever.
• 32:42
  Look at this guys, market cap of the as a market cap of the mag 7
• 32:47
  stocks as a share of the total S&P 500.
• 32:51
  I mean even in the year 2000, it was down here.
• 32:55
  Look at this now we are absolutely in a bubble.
• 32:59
  Now look at that market cap, 18 trillion I think unless I'm
• 33:04
  wrong. Where was that?
• 33:05
  Right here? I'm going to highlight that 18
• 33:08
  trillion. So let's say let's see what 110%
• 33:17
  well, let's just say 3 trillion of that 18 trillion where to go
• 33:21
  into gold, where to go into silver, where to go into the
• 33:25
  precious metal mining stocks a fraction it's just going to take
• 33:28
  a fraction of that money and and it's it's going to have massive,
• 33:33
  massive changes OK, here we go What about housing?
• 33:38
  Do you own a house right. Do you do you know that if you
• 33:41
  hold on a second, somebody's somebody's on to me here, Make
• 33:45
  sure I don't have an emergency coming through?
• 33:47
  Nope, I don't. If you live, if you're a human,
• 33:50
  you need shelter. I need shelter.
• 33:53
  The ability for Americans to get shelter for themselves is, is is
• 33:57
  quickly diminishing. Look at this unbelievable data
• 34:01
  that we get regarding the real estate market.
• 34:04
  OK, hold on. Here it is.
• 34:06
  Another one from the Kobe C letter.
• 34:07
  Letter. The US housing affordability has
• 34:10
  never been worse. Do you make 110,000?
• 34:14
  Does your household make 110,000?
• 34:17
  The annual income needed to buy the median value home in the
• 34:21
  United States has risen to a record 110,000.
• 34:25
  This value has doubled in just four years.
• 34:30
  So in the last four years, at the amount of income that it
• 34:34
  takes to buy an average house, it's required has doubled.
• 34:39
  Currently the median US household income is 83,000,
• 34:44
  which is $26,000 less than is required to buy the average
• 34:49
  home. To put this in perspective, at
• 34:52
  the 2006 housing bubble peak. So I remember the housing bubble
• 34:56
  that created the great financial crisis.
• 34:59
  This difference was less than 10,000 now or 2.6 times less.
• 35:04
  The gap between income needed to buy a home and annual income has
• 35:09
  never been larger or housing affordability is in a crisis.
• 35:14
  Look at this guy's look at this. The blue line would be the
• 35:19
  average income, the orange line, the average household income,
• 35:24
  the average amount made by the median, whatever average.
• 35:27
  The orange line is the amount needed to buy a house.
• 35:31
  It's not it's crazy. OK, We're heading for a housing
• 35:36
  bubble crash as well. And on top of that, the other
• 35:40
  thing that we know is absolutely.
• 35:41
  Hey, thank you. Greetings from Instanbul.
• 35:43
  OK, so that's Turkish lira TRY. I'm going to write that down.
• 35:48
  Thank. Hey, thank you, Levant.
• 35:51
  Thank. Thank you my friend for the
• 35:53
  Super chat. Things are just absolutely uh
• 35:56
  oh. I got another super chat I
• 35:58
  missed. Uh oh, Don.
• 35:59
  Hello, Don Howe from Hawaii. What?
• 36:04
  I'm in fridge in Saint Louis. Thank you guys.
• 36:07
  Thank you, Don, also for the Super chat.
• 36:09
  But so we know houses, nobody can afford houses, right?
• 36:12
  Nobody has the income to buy the house.
• 36:14
  Do you realize this? Yeah, we talked about this
• 36:18
  yesterday. The average, if you own a house
• 36:23
  right now, you'd feel lucky, OK? Because the average age of a
• 36:27
  homo of a home buyer, home buyer.
• 36:30
  So the new purchases that are going on right now, the average
• 36:34
  age is 56 years old. Can you believe that?
• 36:39
  That's crazy what's happening to our young people, right?
• 36:44
  They're going to give up. They're going to give up hope.
• 36:45
  None of them can afford to buy houses.
• 36:47
  Very few of them can afford to buy houses.
• 36:50
  They're renting. They're going to be slaves for
• 36:53
  the rest of their life. I mean, it's no wonder because
• 36:56
  what's real interesting and what could be one of the big major
• 36:59
  catalyst for the gold price and the silver price is a renewed
• 37:04
  growth. And it's all this is interesting
• 37:08
  because I'm hearing this from a number of different sources.
• 37:10
  These young people are getting fed up with the the system per
• 37:15
  SE, and they know that it's a a screw job, right?
• 37:19
  They're going to wind up working.
• 37:20
  A lot of them are moving to alternative investments.
• 37:24
  And you think, Oh yeah, Bitcoin and crypto and blah, blah, blah.
• 37:28
  And by the way, I started my own crypto last night.
• 37:30
  I'm going to do a separate live stream a little bit about the
• 37:33
  new the UFD. It's a meme coin.
• 37:37
  This guy is worth $6000. Don't buy it.
• 37:43
  I'm not giving financial advice and I'm not recommending you buy
• 37:45
  it, but I wanted to go on this journey because I'm reading
• 37:48
  about these meme coins and I thought I'm just going to just
• 37:52
  how easy it is to start a meme coin.
• 37:55
  So we've got a Unicorn fart dust meme coin.
• 37:58
  Nonetheless, don't buy it. These young people can't afford.
• 38:02
  They're moving to gold and silver.
• 38:04
  They are. You hear that?
• 38:07
  I hear that from a number of different sources.
• 38:09
  The younger people, right. My first cousin once removed,
• 38:13
  Mr. B, we'll call him. He, he, he, I know he's, you
• 38:18
  know, has an interest in gold and silver.
• 38:20
  He's very smart guy. These aren't these are the smart
• 38:23
  young people that are getting interested in gold and silver.
• 38:27
  OK, yeah. You know, how can they save up
• 38:30
  all my notes? I was so mad.
• 38:31
  You know what it's like how they get it.
• 38:33
  How they ever going to buy a house?
• 38:34
  They can't hardly afford food or medical costs.
• 38:37
  The other thing that nobody's talking about, OK, nobody's
• 38:41
  talking about, I heard Danielle De Martina Booth talking about
• 38:44
  this the other day is apparently nobody's paying their student
• 38:47
  loans. They just kind of felt like, you
• 38:49
  know, C 19 hit. I didn't have to pay them.
• 38:52
  Why should I start paying them now?
• 38:54
  And that none of that data has been reflected on credit reports
• 38:59
  yet, apparently. I thought if I had that, all
• 39:01
  right, we are not in a good, we're not in a good spot in this
• 39:04
  country right now. But I could be wrong.
• 39:07
  I've been probably saying this for the last 10 years.
• 39:10
  Maybe as we are living in a new reality and everything will be
• 39:13
  fine. But but I mean, it scares me a
• 39:16
  little bit when I look at all this is going on out there.
• 39:19
  What about Chinese auto production?
• 39:21
  Oh, and I got something warm and fuzzy to show you as well.
• 39:25
  But this is this, this when we think about Chinese demand for
• 39:31
  metals, copper, silver, we know they love gold.
• 39:34
  We know they never let an ounce of gold leave their country,
• 39:37
  right? And that's what that that's good
• 39:38
  for US silver and gold investors.
• 39:40
  And we know they are sucking in so much of the world, silver and
• 39:44
  gold. But do you do?
• 39:46
  This is shocking. Get ready to get shocked.
• 39:48
  Have you ever been to a Chinese car dealership?
• 39:52
  Huh. Go to Toyota.
• 39:54
  Wait, wait, that's Japanese Honda.
• 39:56
  Japanese. Huh.
• 39:58
  Chrysler Stalantis or Jeep, Whatever.
• 40:01
  I don't think anybody buys Jeeps anymore.
• 40:03
  I've been reading. But anyway, have you ever been
• 40:04
  to a Chinese there? You ever been to a Chinese auto
• 40:07
  dealership? Probably not, because there are
• 40:10
  none in the United States. Because we don't let them sell
• 40:13
  their cars here. I wonder why?
• 40:16
  I wonder why. It must be a little tiny
• 40:18
  industry China has. I mean, China does manufacture
• 40:21
  pretty much everything in the world at this point, but their
• 40:24
  auto industry must be tiny. Let's examine.
• 40:27
  Let's go out here. Let's see what we got here.
• 40:32
  It's just that. Oh, no.
• 40:33
  Oh, shoot. Hold on.
• 40:36
  Did I miss that one? Hold on, guys.
• 40:39
  We're having some technical difficulties.
• 40:41
  What else can you expect? Here we go.
• 40:44
  OK, I found it. All right, Zero Hedge.
• 40:50
  Let's look at this tiny auto industry.
• 40:53
  Surprise, surprise, surprise, Sergeant Carter.
• 40:56
  China is now 39% of global auto production, dominating Europe.
• 41:05
  Oh, Mercedes and BMW and Fiat and all those Japan, Toyota,
• 41:10
  Honda and the United States. Guys, China's taking over the
• 41:15
  world. No, China's taking over the
• 41:18
  silver and gold market. OK, China transforms itself from
• 41:22
  a minor player in the auto industry two decades ago to a
• 41:26
  world leader in car production and exports.
• 41:29
  Most Americans, you ask your average American about Chinese
• 41:32
  cars are like, I don't think China makes cars, they just make
• 41:34
  all that stuff at the dollar store and Walmart, right?
• 41:37
  No guys, particularly in EVs, the New York Times reported.
• 41:43
  But the trend of China's impact on global auto market has been
• 41:47
  characterized by this chart published over the weekend
• 41:50
  showing how Chinese car production has gone from 1% to
• 41:55
  to 40% of global production in 20 years.
• 42:01
  Hold on here. Nope, Nope.
• 42:04
  We buy our bullion from pin backs.
• 42:07
  Look at the red line that is China.
• 42:10
  See that up there? Hold on China.
• 42:14
  Yep. Hold on.
• 42:15
  We're having some technical difficulties.
• 42:17
  There we go Look at this guy's from the year 2000.
• 42:20
  Look at how China look at what's happened in Europe.
• 42:23
  That's their share of the world auto production, Japan down, the
• 42:28
  United States down. So did you have any hold on?
• 42:35
  How do I oh, and I got to press back.
• 42:37
  All these websites are different.
• 42:39
  Sorry about that. Any idea?
• 42:42
  I mean, like I had what's interesting, OK, a lot of these
• 42:47
  are electric cars, All right, 2 interesting things.
• 42:51
  A lot of these are electric cars which demand more silver, OK,
• 42:57
  OK. Number one, is it any, is there
• 42:59
  any, any, any surprise to us that the Chinese are now
• 43:04
  starting to dominate the silver market that the Chinese are
• 43:07
  going directly to Mexico, directly to South America,
• 43:12
  namely Peru and, and, and importing silver ore that they
• 43:16
  can refine themselves. OK.
• 43:19
  And there and then, and then maybe running it through there.
• 43:21
  Oh my gosh, I can't believe they're they have a big major
• 43:25
  market in China, the Shanghai Gold Exchange, which is a
• 43:31
  physical market. But what's even crazier is there
• 43:34
  are reports that the CEO of Ford Motor Company out of one of
• 43:40
  these Chinese electric cars and drove it around and there I
• 43:44
  forget he was with the CFOI think it was.
• 43:46
  And he was like, whoa, like basically.
• 43:50
  And I don't have the report to read to you, so I'm doing this
• 43:52
  off memory. It may be wrong, but I'm sure
• 43:55
  that it's not. He was like basically the
• 43:57
  Houston, we have a problem because these Chinese are doing
• 44:01
  a good job of making all these cars.
• 44:05
  Hey, thank you for being here guys.
• 44:06
  I'm going to do another live stream where I talk about this,
• 44:10
  right? The hottest meme coin.
• 44:12
  Don't buy it in the history of the world.
• 44:15
  It's called Unicorn fart dust because it's backed by nothing
• 44:18
  but Unicorn fart dust. So I'll be back on in about, I
• 44:21
  don't know, give me 15 or 20 minutes.
• 44:23
  We'll have some fun. I'll tell you about my journey.
• 44:26
  I had to buy crypto. I bought some crypto, $100 worth
• 44:30
  and created a meme coin, which is being traded as we speak.
• 44:34
  I'll talk to you later. Thank you guys.
• 44:35
  Thanks for being part of the basement and I'll see you soon.
• 44:38
  Bye bye.