Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🔥URGENT - BIG Crisis UPDATE - Silver and Gold Price... (and BANKS)
Transcript
- 0:01Tomorrow will prove to be a huge, huge day, and I have a
- 0:05massive prediction for you. What will happen tomorrow in the
- 0:09silver market, in the gold market, in the overall stock
- 0:12markets? I'm going to go out on a limb
- 0:15and I'll share that with you in just one second.
- 0:17I think you'll be happy with what you hear, but are we facing
- 0:21the potential of some major black Swans?
- 0:25We're going to talk about that as well.
- 0:27Black Swans that could have a big impact, right?
- 0:30You might be thinking like what could happen this year that
- 0:34could really move the silver market, the gold market, the
- 0:37platinum market, all of the markets.
- 0:39We're going to talk about that and, and it's going to blow your
- 0:44mind when we talk about gold and silver demand from Asia.
- 0:48I know we got this big news, kind of a Black Swan right over
- 0:52what was at the weekend when the, the PBOC, the People's Bank
- 0:56of China announced that, oh, we didn't buy any gold during the
- 1:00month of May and it sent the gold price plummeting.
- 1:03But let's talk about what's going on today.
- 1:05If you noticed weird behavior in the markets again, let's run out
- 1:09to pin backs and get an update on the price.
- 1:12But earlier today you probably noticed like I did.
- 1:16Gold was up. Let's refresh this.
- 1:20Gold is still up $2.46. Silver down $0.65.
- 1:25Now usually I don't know how you react to this, but I would be a
- 1:29little depressed about silver being down $0.65.
- 1:32There's something telling me everything is going to be OK if
- 1:37we get silver down in the low 28, like a dollar lower than
- 1:41where we are now. If it touches 27, I will be
- 1:44depressed. I will be concerned about the
- 1:47strength of this rally. But when I give you my
- 1:50prediction with what'll happen tomorrow, tomorrow's the big
- 1:53massive Newsday guys. I'm going to tell you about that
- 1:56next. But first, let's say thank you
- 1:57to channel sponsor Pinbex Pi MB EX.
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- 2:07And what you're looking at right now on the Pemex website is a
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- 2:15They've got great selection, but even more important to me
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- 2:21You will get more metal for your money with Pemex.
- 2:25I worked with them before they sponsored the channel.
- 2:28Do yourself a favor, if you're going to buy some silver or gold
- 2:31or platinum, check out Pimbex. Now let's talk about this
- 2:34massive news tomorrow. And I think, guys, I think we're
- 2:38going to have a special guest, Uncle Vinny.
- 2:41The legendary Uncle Vinny is going to join us a little bit
- 2:44later to give his insight on what's going on tomorrow.
- 2:48Big, big, big day, right? Fed meeting, monetary policy.
- 2:52Jeremy Powell will be talking. OK.
- 2:55And it's a double whammy day tomorrow.
- 2:58We get the inflation numbers. Let me tell you what I think is
- 3:01going to happen. Don't you make any financial
- 3:04decisions, buy or sell anything based upon this.
- 3:07But I think we're in for some good news, good movement
- 3:10tomorrow, not only in gold and silver, but also in the general
- 3:14markets that could help propel the price of silver and gold
- 3:19much, much higher and the mining stocks.
- 3:21But I'll tell you what's gonna happen tomorrow, OK?
- 3:24They're going to release low inflation numbers.
- 3:26Oh yeah, good old Uncle Joe, We got Uncle Vinnie, but Uncle
- 3:30Joe's going to come riding into town, right, the Bidenomics
- 3:34Unicorn fairy and drop this unbelievable low inflation
- 3:39number that's going to show that Bidenomics is working #1 and the
- 3:44markets are going to love it. Because a low inflation number
- 3:47means that Jerome Powell in the Federal Reserve, in theory, can
- 3:51lower interest rates sooner. Again, it's all a bunch of BS.
- 3:55It's all a bunch of noise. That's my prediction.
- 3:58And that will send the price of gold and silver higher.
- 4:02Thank you, Ron McAdams for that super chat.
- 4:04Let's all say hi to Ron. That'll send the price of gold
- 4:08and silver much, much higher. And it'll send the general
- 4:13markets much higher. Everything will be great.
- 4:15It's perfect timing. As we're heading into the
- 4:18election season, people like David Hunter are talking about a
- 4:21blow off top. My gut is telling me that's
- 4:24what's going to happen. I might even make, I don't do
- 4:27what I do, OK, trust me. But I might even make some type
- 4:30of little bet that tomorrow we get a big move upward in the
- 4:34markets. Again, it's all noise in the
- 4:37long run. The, the thesis for silver and
- 4:39gold really don't have anything to do with the BS noise they're
- 4:43going to throw at us tomorrow. But if you kind of put the big
- 4:46picture together, that's absolutely what I see happening.
- 4:50OK, let's talk about what do you think it means?
- 4:54Thanks again, Ron for that super chat.
- 4:55What do you think it means that that CNBC is suddenly covering
- 5:01gold? Have you noticed that?
- 5:02I've noticed that? Well, that's why you come here
- 5:04'cause I spend all my time digging in and finding all this
- 5:07stuff so we can share it with each other.
- 5:09And I do appreciate when you send me articles, so thank you
- 5:12very much. But one thing I've been
- 5:15noticing, and let's just go. Here's proof.
- 5:18You want proof? I've got proof, right.
- 5:21More CNBC coverage of gold. This was yesterday.
- 5:25Gold rebounds as market focus turns to the US inflation data,
- 5:29which I already told you is gonna be my prediction.
- 5:33I'll come on tomorrow, eat crow if I'm wrong.
- 5:35But the inflation numbers are gonna be made to look really,
- 5:39really good. And we're gonna, we're gonna
- 5:41have a big day tomorrow. I, I just have a feeling, OK,
- 5:44I'll say it one more time. Could be wrong.
- 5:47So CNBC, we're not even going to CNBC is CNBS.
- 5:50I'm not going to waste your time going through details of that
- 5:54article because you know them all already.
- 5:56But the big point is what does it mean that suddenly Reuters
- 6:00and Bloomberg and CNBC are talking about gold?
- 6:04They're even starting to talk about silver.
- 6:08That means the momentum is starting.
- 6:11OK. We know there's massive momentum
- 6:14all over the world right now, no doubt about it.
- 6:18But if the US catches on, it could be huge because we had a
- 6:22big crisis, right? Silver and gold investors.
- 6:25We had a big, big Black Swan that hit us.
- 6:28None of us expected this news that came out, what, Sunday,
- 6:32Monday morning, about four or 5:00 in the morning that the
- 6:36PBOC, Oh my gosh, suddenly stop buying gold right now.
- 6:40It makes no sense. And I won't go down this path,
- 6:43but it makes no sense that the PBOC not buying gold made gold
- 6:47crash number one. I'm going to show you why you
- 6:50might be wondering, like, what's he talking about?
- 6:52Well, I got proof why? Because demand in Asia is still
- 6:56massive for gold, but it makes even less sense to think that
- 7:01silver. Silver was down $2.00 per oz on
- 7:05Monday. What is the PBOC not buying gold
- 7:09have to do with silver? It's absolutely crazy.
- 7:12And I want to give a shout out. Let's give a shout out to our
- 7:14friend Bald Guy Money. He made a video about this kind
- 7:18of situation that was unfolding and he said something that I
- 7:22hadn't thought about. He said, it's not like China
- 7:25announced they were selling gold, they just didn't buy for
- 7:29one month. I mean, Oh my gosh, right.
- 7:32I think it's Peter Schiff that's that pointed out.
- 7:35The first person I saw that pointed out that, OK, China
- 7:38didn't buy any gold in May. So that should have crashed the
- 7:41the demand for gold during May. But during May, gold hit an all
- 7:47time high. That's when it hit $2442,
- 7:51whatever the number was, right? What does that tell us?
- 7:54Right? That tells us all these things
- 7:58they used to smash down the price of gold, smash down the
- 8:02price of silver are a bunch of BS.
- 8:04OK, but but let's go on here. Sure, I'm going to read a few of
- 8:12my notes I prepared for you. Sure, gold is the godfather of
- 8:16precious metals, but it's not like we heard that India or
- 8:19China stopped buying silver or gold, especially silver for
- 8:24industrial purposes. We won't go down that path.
- 8:27But let's remember, just because it's a a nice warm and fuzzy,
- 8:31these countries are building energy infrastructure, green
- 8:37energy infrastructure at a rate that is you can't even fathom or
- 8:42begin to fathom how much silver they need for building out this
- 8:47green energy infrastructure that they're doing right now in China
- 8:52and India. Now, on top of that, these
- 8:55countries have have silver and gold embedded in their fabric.
- 9:00OK, They didn't go on a on a on a on a on a public relations.
- 9:07What's the word? I'm looking for a public
- 9:09relations agenda like they did in the United States to smash
- 9:13down investor interest in silver.
- 9:15Gold. No, in Asia, guys, the demand.
- 9:18So who cares? This is what I'm gonna do.
- 9:22You Do you agree? Who cares that the PBOC didn't
- 9:26sell but just stopped buying gold for one month?
- 9:29Who cares, right? The PBOC's big, but they're not
- 9:32even the biggest holder of gold in the world.
- 9:34It's not like they said. Oh, the United States of America
- 9:38sold gold from Fort Knox. That gold that we don't even
- 9:42know if it's even there or not. No, right.
- 9:44Like we're the big, we're the biggest holder.
- 9:46Germany, right? All these, that China's, not
- 9:49even the PBOC itself, not the Chinese people, right?
- 9:53The Indian people, that's a different story.
- 9:55The Vietnamese people, what does that tell us?
- 9:58That's what we really need to look at.
- 10:01I mean, that's the important thing here.
- 10:03Let me show you. It's our favorite picture.
- 10:06We look at this every day. Those are 800,000 people.
- 10:10If you can find me in that crowd, you know, you get a, you
- 10:13get a bonus star today. But nonetheless, this is a
- 10:16picture of 800,000 people lined up to buy gold in China.
- 10:21Yes, this was 7-8 weeks ago, no doubt about it.
- 10:24But think about this, think about this.
- 10:26What does that tell you? Number one, 800,000 people.
- 10:30Number two, guess what? All those people, they didn't
- 10:35get their gold, OK, The demand for gold and silver, all right,
- 10:40And silver in China and India. And we're not even talking about
- 10:44the other Eastern countries. But we are gonna touch on 'cause
- 10:47there's more, right? It's so, so robust.
- 10:51So you might call it a Black Swan.
- 10:53I call it a a Gray swan. My Lord, things are not
- 10:57changing. OK, Now think about this, OK,
- 11:01Asia, throughout Asia, gold and silver are like so popular,
- 11:07unbelievably popular. OK, did you know this?
- 11:11If you from Hong Kong, if you take a 5 hour flight anywhere,
- 11:16you and I, we go to Hong Kong, OK, they love gold in Hong Kong.
- 11:19They love gold all around Hong Kong.
- 11:21Hong Kong. That's kind of fun to say, Hong
- 11:24Kong. Anyway, we're in Hong Kong at
- 11:26the airport. We take a 5 hour flight anywhere
- 11:30together, we're gonna, we're gonna find two things when we
- 11:34land, we're gonna land in a country that has gold and silver
- 11:38embedded, right? It's in their in their fabric of
- 11:43the country. It's way.
- 11:44It's all different over there. OK, anywhere five hours from
- 11:48Hong Kong. But you know what else we're
- 11:49gonna find out. And this is this is even more
- 11:52interesting. Anywhere we go 5 hours from Hong
- 11:55Kong, we draw a circle from a 5 hour flight around Hong Kong,
- 11:58we're gonna run into more than half, more than half of the
- 12:03world's population, OK, I believe including Vietnam.
- 12:07And we've got a special guest joining us today, our friend
- 12:10Uncle Vinny. Let's hold on.
- 12:11Let me put my ears on and see if we can get him connected.
- 12:16Uncle Vinny. Uncle Vinny, our Sicilian
- 12:18friend, the lover of silver. Hold on here.
- 12:23Let's see if we guys, you guys ready for Uncle Vinny?
- 12:25Here he is, Vinny. Good morning, Ronny.
- 12:30Good morning, Uncle Vinny. How you doing my friend?
- 12:33I'm doing very well and thank you very much.
- 12:35It's a pleasure to be here with you and all the basement
- 12:38dwellers from right here in the Silver Capital of the Space
- 12:43Coast of Florida. But your but your ancestors are
- 12:48originally from where Sicily. My mother was born in in Sicily,
- 12:55right next to Palermo. And my parents, my father's
- 12:58side, they're up in the mountain area.
- 13:00I visited both. I visited the city halls.
- 13:02I've seen MyHeritage goes back page after page after page of
- 13:05Santino's. So beware, we're out there.
- 13:10Uncle Benny, the silver lover and the and the Brewer of, I'm
- 13:13sorry, the the roaster of the the best coffee in the world.
- 13:16We're going to talk about that later.
- 13:17But Benny, I was just talking about silver demand.
- 13:22All over the world, OK, and and how China, India, right, they're
- 13:27still massive, but but what about Vietnam?
- 13:30I want to, I want to look at Vietnam and I want to get your
- 13:32thoughts on this, 'cause there's some crazy.
- 13:34Data coming out of Vietnam as well that that these.
- 13:38Asian, You know, anywhere you go 5 hours from Hong Kong, you're
- 13:41going to run into more than half of the world's population, but
- 13:45you're also going to. Run into people that love silver
- 13:50and gold. And here I've got this, the VN
- 13:53Express, the most. Read Vietnamese newspaper
- 13:56Customers fill up banks to buy gold banks in Hanoi.
- 13:59Saw up to. 50 customers queuing one at a time.
- 14:04Have you ever been to Vietnam, Denny?
- 14:06I was. I was in the Air Force back in
- 14:09that war era. Oh wow, do you remember?
- 14:11Do you remember anything? I was in three different areas
- 14:15there but that but thank God never had a a gun in my hand or
- 14:20fixed aeroplanes. OK.
- 14:23Do you remember anything about gold or silver by chance or
- 14:26during that time you were there? Honestly no it does.
- 14:31These people were dirt poor. If they had it, they kept it
- 14:35well hid. Yeah, yeah.
- 14:37Well, apparently there is a a silver and and, and our gold and
- 14:43silver kind of bonanza going on right now in Vietnam.
- 14:48Hold on here, I'm going to pull this up again and it's
- 14:51interesting. Customers are lining up at the
- 14:54banks. This this lady says I bought 1
- 14:56tail, which is AI had it written down.
- 14:59I think that's 1.2 oz and plan to keep it for a long time
- 15:03because I think this is a stable price.
- 15:06I mean we're seeing this all over the world.
- 15:09The Chinese, I mean look at these people in Vietnam lined up
- 15:13to buy gold. There was all this I I was
- 15:15saying this within the context of, you know, this big news over
- 15:19the weekend that the Chinese central bank stopped buying gold
- 15:22for one month, right? That, that, yeah, that's
- 15:25important news, no doubt about it.
- 15:27But like the overall demand picture for gold in Asia appears
- 15:32to remain robust. Would you would you think think
- 15:34that's the case? I agree.
- 15:39I would agree. But if not here in, I'd say for
- 15:43the lion's share of the Americans, they don't, they're
- 15:46not doing anything with it. They're not collecting, they're
- 15:48not stacking. Do.
- 15:50You do you think our fellow Americans are are falling Are
- 15:53are are still asleep to a certain degree when it comes to
- 15:57silver and gold? Saturday night I went to dinner
- 15:59with a friends I've had for 50 years and we've raised our kids
- 16:02together. We've gone through good times,
- 16:05bad times, we've shared stock tips with each other and I was
- 16:10asking him if he's done anything with silver or gold yet and
- 16:14blank stare. You didn't know what I was
- 16:15talking about. Yeah.
- 16:17And no, no clue, right? Yeah.
- 16:19Seems like everybody in America is asleep.
- 16:23Not aware at least. Yeah, yeah.
- 16:26What about let's look at a few more pictures here here the
- 16:31Costco gold standard right now as we're talking about Americans
- 16:35in their in their in their maybe starting to wake up Niels
- 16:39Christensen over a kick Co put this out the other day.
- 16:43The Costco gold standard. I thought that was an
- 16:45interesting way to to frame it. The retailer sparks a notable
- 16:49shift in retail purchasing behavior.
- 16:52So we are starting to see and this story has been beat into
- 16:55the ground, but we are start starting to see.
- 16:58Some of our. Fellow Americans, a few of them
- 17:01start to wake up. Costco continues to see an
- 17:03insatiable appetite for physical insatiable appetite for physical
- 17:08gold and silver, which is helping to transform the
- 17:11marketplace. I thought this was interesting.
- 17:14They saw a 20% jump in online sales during their most recent
- 17:18quarter and they said that was totally total ecommerce sales
- 17:23growth in the quarter was led by gold and silver.
- 17:28And then they threw in gift cards and appliances.
- 17:31I just can't, I, I would think that the lion's share of that
- 17:3420% increase was from gold and silver.
- 17:37I can't see that suddenly they were starting to sell more gift
- 17:40cards. I mean, that doesn't, that
- 17:42doesn't make sense to me. What do you think, Benny?
- 17:48I I really don't understand what, what the, the end game
- 17:52there is. Costco's looking at it, they're
- 17:56not trying to enlighten the public, but certainly there's a,
- 17:59they sold out of it, haven't they?
- 18:00So there is a whole group of folks, I guess that are, are
- 18:04following suit and I, I like it. Of course, you know, I'm, I'm a
- 18:10fan of this too, for obvious reasons.
- 18:13And I live close to Daniel Diaz and he and I drink coffee
- 18:16together. And so we talked a lot about
- 18:18that. I think he's doing a great job
- 18:19to enlighten it at from the state level down, pump, pump it
- 18:23down. I, I support him, you know, and,
- 18:27and hope it's free. I even the only vehicles I
- 18:31purchase anymore are silver in color.
- 18:35Yeah, now when you're talking, I want to go out to your website
- 18:39so I can show people your silver car.
- 18:41What? Where Where do I go again?
- 18:42Refresh my memory. Supremo Coffee.
- 18:45Santino Supremo Coffee. Santino, there we go.
- 18:53All right, All right, hold on here, Vinny, I'm going to pull
- 18:55this up so we we can we can show everybody that you're you're not
- 19:00joking around. Then he means business when he's
- 19:03when he's talking about the. All right, here we go.
- 19:07Can you see that on the screen right there?
- 19:09Everybody? Can you see that?
- 19:10Benny, there it is. There's my my van trucking down
- 19:16the highway with loaded with coffee.
- 19:20Loaded with coffee, but it's a silver van, correct?
- 19:23Silver Van. Yeah, yeah, 'cause you're,
- 19:25you're, you're a believer in silver.
- 19:26Why, what what? What makes you a a believer in
- 19:29silver, Vinny? Well, I there's a in the Bible,
- 19:38Acts 316, there's a verse and other than giving a full contact
- 19:44the the comment was silver and gold.
- 19:47Have I none? What I have I give freely.
- 19:51And that was just Peter and John.
- 19:53We're talking to some fellow who was at the the at the water
- 19:57looking for help to get healed. But they started out with
- 20:01silver, not gold and silver. They said silver and gold.
- 20:05Have I none? And I can remember having silver
- 20:11dollars as a a kid. We had them in our pocket.
- 20:16We'd be playing on the sidewalk with jacks or marbles, and we
- 20:19had silver dollars in our pocket.
- 20:24Now that half the people that I, well, I, I, I don't mean to go
- 20:29that way, but if I was to show them this, they don't, they
- 20:32really don't even know what it is.
- 20:34And I do carry it in my pocket just to do that to show them.
- 20:37I've just seen one of these lately and I've never seen one,
- 20:40you know, So I, I know your question is what made me get
- 20:43into silver number one. It was affordable at a very easy
- 20:48amount. I could give it to my
- 20:50grandchildren, my my children as a something to get them
- 20:54interested in and it seemed like it was a easier pathway to the
- 21:02precious metals. Yeah.
- 21:05Copper doesn't seem to fit that bill, does it?
- 21:07But it's there too. Right, right, right.
- 21:10No, I'm, I'm, I've, I've always found myself when I had extra
- 21:14Fiat that I wanted to convert into metals, I guess because I'm
- 21:19such a value oriented person that silver was always seemed
- 21:23like the easier path for me. So you know, I always wound up
- 21:27with silver, but. Never load nickel.
- 21:30Yeah, yeah, that's beautiful. Never never sold any silver but.
- 21:35You know we. Are a minority here in the
- 21:38United States, right? I mean, we are absolutely a
- 21:41minority, which I like to point out to people is could actually
- 21:45be seen as being a good thing because when our when our fellow
- 21:50citizens and hopefully they find out sooner than later start to
- 21:54wake up about what's really going on.
- 21:57It's. It could.
- 21:58Create. I mean, we still are the richest
- 21:59country in the world. It could create a massive wave
- 22:03of buying in both the gold and the silver markets.
- 22:07Well, I think that waves going to happen and then they're going
- 22:09to try to get on that wave. That wave is coming about from
- 22:14what's going on in the rest of the world, the bricks and all
- 22:17the other situations. And not to turn this into
- 22:23keeping on the silver and gold trail here with your Ron, but I
- 22:27I I think they'll they'll be late to the party, but still
- 22:31there's enough to go around in the gold.
- 22:35Silver is getting very scarce and if they keep using it and
- 22:40they keep trying to use solar as the the way they're going to
- 22:45electrify the world, not going to happen.
- 22:52Just can't happen. Not going to get an airplane off
- 22:54the ground with solar panels. Right, right, right, right.
- 22:59But I, but I do think that in terms of like, let's say
- 23:02countries like India and China that in terms of providing kind
- 23:06of an immediate electricity solution to a big portion of
- 23:10their households that we may see continued growth in solar.
- 23:14I mean, we're seeing it right now.
- 23:17I agree with you, oil's not going anywhere.
- 23:19But there are people out there, Vinny, who are saying that, I
- 23:22mean, I want to touch on this later with you.
- 23:24That, that, that silver could almost be real similar, that it
- 23:28could be like the new oil, right?
- 23:31Like oil kind of came on the scene about 100 years ago.
- 23:34And now as we're moving into this more, you know,
- 23:37electrification and, and technology, microchip focused
- 23:42future, that silver could, could, could almost play like a
- 23:47similar role. I don't think oil's going away
- 23:49by any stretch of the imagination, but that silver in
- 23:52particular could almost become similar to what oil became 100
- 23:57years ago. And it's kind of it's kind of a
- 23:59fascinating prospect. I don't disagree with you at
- 24:04all. I mean, the, the the prospects
- 24:06are are endless with the vision. When control comes about, when
- 24:11your financial power comes about the desire and they see a
- 24:15pathway forward that's some kind of technology, then it'll
- 24:19happen. But we got to get the mining
- 24:21side up with it too, don't we? We just don't have that that the
- 24:26volume that's going to support that massive growth oil, there's
- 24:30still plenty of it. You know, right here in America.
- 24:34We got plenty of it if we just open that spigot.
- 24:39I don't, I love silver, I love the application, I love what we
- 24:43can do with it. I love it in jewelry.
- 24:45I love it in in having coinage, but I don't see I I think the
- 24:53next technology will be something in a, in a way of you
- 24:57can buy a fuel cell technology right now for probably $1000 of
- 25:01kW. The other is going to be safe,
- 25:05nuclear, and that's probably the path forward once they get away
- 25:11from the fear factor or the fact that somebody could blow you up
- 25:14with it. Yeah, Yeah.
- 25:18That is, that is well, you know, and, and, and, and I want to
- 25:21circle back and kind of finish the the path that I was on with
- 25:24this demand for silver and gold from Asia, because we know the
- 25:29Chinese citizens are still gold crazy and becoming silver crazy.
- 25:35This is just on the investment side, right?
- 25:38We know. Let me let me pull this up.
- 25:41We, we talked about Vietnam. There is no, there's like this
- 25:44new craze in Vietnam, people lining up to buy to buy gold
- 25:49South Korea, right? I mean, Vinny in South Korea,
- 25:52they're, they're putting gold vending machines in their
- 25:56convenience stores and they're and they're selling out and it
- 25:59says women in Gen. Z, which are the younger people
- 26:02are leading the charge. And I didn't know this, but
- 26:04South Korea and there's a bunch of pictures of people putting
- 26:08on, I guess the social media of them buying these gold bars at
- 26:12the vending machines. And I'm thinking now like, what
- 26:15are we going to have next, silver vending machines?
- 26:18But that South Korea is and they're calling it micro
- 26:22investing. Like the young people are
- 26:24saying, I want to buy, I'll, I'll buy fractional amounts,
- 26:28right? Like 1G, whatever, 10 gram bars
- 26:31of gold and they call it micro investing.
- 26:34And these young kids are saying, and these are in South Korea are
- 26:37saying, you know, to me, it's it's, it's a way to to protect
- 26:42my wealth. They aren't these, you know,
- 26:44they aren't buying cryptos, they aren't buying stocks.
- 26:47They're choosing to buy gold and silver.
- 26:50What I thought was interesting, I think, yeah, South Korea also,
- 26:54by the way, has the most convenience stores in the world.
- 26:58There's a there's a little tidbit fact that I'm sure none
- 27:01of us could live without going forward, the most convenience
- 27:04stores in the world and the companies that are putting these
- 27:07in are planning to install more than 1000 machines by the end of
- 27:11the year. But that's 1000 out of the
- 27:1360,000 convenience stores that they have in Korea.
- 27:19So that's like we're seeing this all over the world.
- 27:22The other final story, I want to well, the other thing I think
- 27:25it's important to mention India, you know, we've got the the the
- 27:30Indian people are crazy about gold have been forever.
- 27:35I'm all over the place. There we go.
- 27:36This is from The Indian Express. They're telling us, which is an
- 27:40Indian newspaper. India's gold demand up 8% in
- 27:43March in the March quarter to 137 tons.
- 27:47World Gold Council says that the the demand for gold from India
- 27:51continues to go up in India is like to me, the gold capital of
- 27:55the world, you know, the United States.
- 27:57Suppose, you know, we, we supposedly have 8000 metric tons
- 28:02of gold at Fort Knox, but the, the Indian households alone have
- 28:0825,000 metric tons at their houses stored in their houses
- 28:1225, three times what we have at Fort Knox.
- 28:15So this whole idea and then I'll, you know, this, this Black
- 28:19Swan, I'll call it, that we had on Sunday night that, oh, the
- 28:21Chinese central bank. Stopped buying gold.
- 28:25Ah, there you go. That's interesting.
- 28:28Where's that? It's right here in America, my
- 28:31friend. Oh wow, a gold gold vending
- 28:34machine. Yeah, as you know, I'm, I also
- 28:37have that screen business and there's screens on top of it.
- 28:40Ah. Interesting, interesting.
- 28:44Their ATM machines are certainly dwarf, you know what these
- 28:50things are, but they're they're starting to show up and they're
- 28:52dispensing goldbacks. Oh, really?
- 28:56OK, so that's a Goldback dispensing machine.
- 28:59Yeah, I don't know if you can see it, but this fella here is
- 29:01holding goldbacks. Ah, yes, we can see that now.
- 29:05Interesting. And that's in Miami.
- 29:07No, no, I would venture to say this is somewhere out Utah,
- 29:11Idaho, some place where where goldbacks are one of the five
- 29:15states that offer them, right? It's gotta be one of those
- 29:18states. Course, there's no reason to own
- 29:21a jacket like that in Miami. You'll sweat to death with a
- 29:26hoodie underneath it. Yeah, no joke.
- 29:30You'd be, you would be in, you would be in big trouble, no
- 29:32doubt about it. So.
- 29:36On the whole day in January. Yeah, yeah.
- 29:39Well, so, so when, so when we look at this situation going on
- 29:43right now in the, in the gold and silver market, you know, I
- 29:47just, I just want to reiterate, you know, everybody's, oh, you
- 29:50know, afraid about the, the PBOC not buying gold, but.
- 29:53Let's look at. The what the Chinese citizens
- 29:55are doing, let's look at what the Korean citizens are doing.
- 30:00Let's look at what the Vietnamese citizens are doing.
- 30:02And then I've also heard and I haven't seen a recent update,
- 30:05but Japan, there's kind of a gold craze going on there as
- 30:09well. I mean.
- 30:10If you if you take. And go to Hong Kong and draw a a
- 30:16circle that would represent a 5 hour flight from Hong Kong.
- 30:20You're going to land in an Asian country, OK.
- 30:23You're also going to land in in one in within a 5 hour flight of
- 30:26Hong Kong is half of the world's population.
- 30:30And I think it's safe to say you're also going to find that
- 30:32you're going to land in a country where gold and silver
- 30:35are are held in completely different regard than what we
- 30:38have in the United. States.
- 30:42I don't disagree. I mean, I saw the statistics on
- 30:44that also and recognize that. But I think back in, you know,
- 30:49I'm very senior in age at this point, There was never silver or
- 30:53gold as a gift at any time in any of our households, any of my
- 30:58cousins, aunts, uncles, whatever.
- 30:59Gold and silver just wasn't. Look, my mother brought me a
- 31:03gold chain back from Italy. That's about as close as we got
- 31:06to anything in gold. We went there on vacation, came
- 31:10back and all us kids got little gold chains with little crosses
- 31:12and whatnot on it. That was it.
- 31:14You know, I got a gold wedding band.
- 31:17That's it. That that is not the that's the
- 31:21extent of the knowledge of gold. Anytime I was anywhere I've been
- 31:27in America, here now I don't travel in all the broader
- 31:30circles, but my circles. Yeah, but OK, And I and I think
- 31:35your circle is pretty standard for the United States.
- 31:37And I want to ask you a question and and see if you think this is
- 31:40the reason why in 19, I believe it was 33, right?
- 31:44President Roosevelt made it illegal for Americans to hold
- 31:49gold. OK, so from 1933 up through I
- 31:53think 1974, it was illegal to own gold.
- 31:58If you got caught holding gold in the United States and you
- 32:00didn't fall within, I think it was either a antique or jewelry
- 32:04or whatever you get, you faced a stiff penalty or you could even
- 32:09go to jail. So from 1933 to 1974, it was
- 32:12illegal. Now, if if you if you add into
- 32:16that Benny, that 1971 Nixon took us off the gold standard, right?
- 32:21We've really in this. And then there was a concerted
- 32:25effort to dissuade Americans from owning gold, right?
- 32:28I mean, it's documented WikiLeaks.
- 32:30I mean, it's not, I'm not, I'm not divulging anything.
- 32:32I mean, it's, it's been proven basically that when once Nixon
- 32:36took us off the gold standard, there was a coordinated effort.
- 32:41And yes, sure, I have on a 1/2 tinfoil half.
- 32:44But it's, it's documented and been proven to dissuade the
- 32:47American public. So.
- 32:49Who do we? Learn from Who do we learn about
- 32:51money from? From our parents?
- 32:52From our grandparents, right? Well, if since 1933 it was
- 32:57illegal to own gold in this country and even prior to that,
- 33:02right, there's the, the, whatever they call the great
- 33:04crime of 1871 when they got took silver the the BI metallic
- 33:08standard. There's been over 100 years, you
- 33:12could almost say of, of, of a, of a legal and coordinated
- 33:18effort to dissuade Americans away from owning gold and
- 33:21silver. So my mom and dad never taught
- 33:23me about gold and silver. They taught me that that this
- 33:26was valuable, right? This paper money.
- 33:29And I believed them, right? And I love my parents.
- 33:31They're wonderful people, right? Because they were taught that
- 33:34this is valuable paper, right? And, and, and so I think what
- 33:38we're facing in this country is the exact opposite of what
- 33:42Chinese and Indian families face, a multi generational
- 33:48ignorance when it comes to the value of silver and gold.
- 33:52I think there's very few people that understand.
- 33:54Sorry I went on so long there, Benny.
- 33:56Well. Again, as a child, as a kid, it
- 34:01wasn't uncommon to have a silver dollar in your pocket.
- 34:03I mean, it was grandpa. We gave it to you or something,
- 34:06but we carried it around. We, you know, probably at some
- 34:08point I bought candy. But when do you see these in
- 34:13anybody's pocket? Right.
- 34:16You don't but yet I am doing that.
- 34:18I'm giving gold backs that I mount on a little frame.
- 34:21I give my my grandchildren at their you got to give them
- 34:26something they want to play with, you know, 'cause they're
- 34:28of a young age, but yet this is what I give to mom and dad for
- 34:32them to to stash away. I'm trying to do that to, to
- 34:38'cause I believe in it and I believe in it that, that the,
- 34:42the world, I can see what the world is doing with silver and
- 34:45gold. Not trying to.
- 34:51We will catch up at some point, but I don't think the the this
- 34:55administration or the next will even figure it out.
- 35:00You think things look pretty bleak.
- 35:02Much debt and everything they got to figure out or reset.
- 35:04That right, right, right. Are you so, so the, what the,
- 35:10you know, the fundamental value of silver and gold, right?
- 35:14This viewer who's joining us today, right now.
- 35:16And thank you, by the way, for joining us.
- 35:18Don't forget to give this a thumbs up and, and everybody say
- 35:21thank you to Uncle Vinny for joining us today here on the
- 35:24live stream. But but it are, are you, are you
- 35:29afraid about like you have grandchildren, right?
- 35:32I have children. Are you afraid about the value
- 35:35of the dollar, the real value of the US dollar going forward,
- 35:40right? Like when you look back at the
- 35:42last 30 years and in the how the how the dollar has lost its
- 35:46value, do you think it could even be more accelerated in the
- 35:51next 10 to 2030 years? I, I, I don't think I have any
- 35:58enough knowledge to know what will happen to predict that
- 36:02future. The only thing I know is what
- 36:04happened in history, and history says that it will end.
- 36:08It will come to an end. The dominance of the dollar will
- 36:10come to an end. Now the dollar itself won't go
- 36:13away. It will be an A world currency
- 36:15because they're just, we still hold that position and we may
- 36:19not be the Petro dollar anymore, but we still hold that position
- 36:23'cause there's so much of it held in other countries.
- 36:25And I know when I travel in Europe and I give a tip for
- 36:29somebody, I know I use euro, but I also give it either in
- 36:33American dollars a a couple or I give it in gold backs.
- 36:36And the gold back, they don't even know how to, they don't
- 36:38even know how to hold it in their hand.
- 36:40They don't know what to do with it.
- 36:41They're just so amazed by it. You know, a kick out of it
- 36:47'cause yeah, you know, you give them one gold back, it's worth
- 36:50right today, just about $4.83 I think at the last I looked.
- 36:54So that's part of the tip. It's a whole different culture
- 36:57there. Tipping is not like it is here,
- 36:59but they they love that, that gold and silver, Everybody loves
- 37:03it. I mean, it just doesn't look at
- 37:05look at the luster. I know you've done it.
- 37:07You always hold up your coin and say, can you see how beautiful
- 37:10it looks? And I don't know if it's coming
- 37:12out, but it's a, it's a piece of art, you know?
- 37:15Yeah, silver. Silver is absolutely beautiful
- 37:19in my book. I actually like, I love gold, no
- 37:22doubt about it. But my first love is silver.
- 37:24I just, I think silver is especially an American Silver
- 37:28Eagle are they're, they're just absolutely beautiful coins.
- 37:32And, and think about this, Vinny, what does, what does this
- 37:34make you think? Maybe there is hope because,
- 37:38because you know, we talk about how Americans and Westerners, I
- 37:42think the Germans understand the value of silver and gold 'cause
- 37:45they went through a hyperinflation.
- 37:47Their grandparents can tell them, you know, what, what,
- 37:50what, what to expect. I know the Indians, right, like
- 37:53the Indian families. I heard this say that in India,
- 37:56grandparents tell their grandchildren to own their body
- 38:01weight in silver. Own enough silver to represent
- 38:04your body. And then and and then when it
- 38:05comes to gold, own as much as you can, but at minimum own your
- 38:09body weight in silver. And the Indian farmers are big.
- 38:12I mean, the monsoon season in India can impact silver buying
- 38:16and, or selling, right, 'cause if they have a bad harvest, then
- 38:19they have to sell some of their silver to live on.
- 38:22It's a, it's a. It's an interesting thing.
- 38:25But think about. This Benny, because I have 12
- 38:28year old daughters and they don't play as many of these but
- 38:30they they play a lot of these little games on their phones and
- 38:32their computers right Those games the reward or what they're
- 38:37always collecting or what they're it's always a silver
- 38:40coin or a gold coin right it's still.
- 38:44It's it's, it's virtual, right? But still, they're being taught
- 38:48they aren't. They aren't.
- 38:49Collecting, you know, copper coins or they aren't, they
- 38:53aren't collecting Bitcoin, although with the price that has
- 38:56gone up, I maybe they wish they had, but none the less they're,
- 39:00they're collecting gold coins. And like in their mind, I could
- 39:03bring one of my 12 year old daughters down here right now
- 39:05and say, what's the most valuable coin that you would
- 39:08want to have? And, and they would say a gold
- 39:10coin, right? Like they know.
- 39:11So so there is there is some hope I think.
- 39:15I, I sure hope so. I, I, I, I don't have any
- 39:21misillusions that America's going away.
- 39:24We're going to see some crazy times going forward, but it will
- 39:27correct. Society will prevail and nations
- 39:31will prevail. Our, our, we're a tough nation
- 39:33to do anything with 'cause we got oceans on both sides of us.
- 39:37So we, we have and we can self sustain ourselves with energy
- 39:42and food and we don't really need anybody.
- 39:47And we have neighbors that have silver both South and north of
- 39:52us and gold. We've got some gold mines in
- 39:55America. I think we can do very well.
- 39:58We just need to. Unfortunately, it seems like
- 40:02we're gonna have to have some kind of economic calamity for
- 40:05people to refocus on what's really worth something, what the
- 40:09value is of corn and rhubarb and and gold and silver.
- 40:15You know, we got, we got the oil, no doubt about it.
- 40:20So and we have probably some of the best universities for
- 40:23technology. We still can lead the world in
- 40:27that. We have a great export there we
- 40:30just got some of the stuff is gonna have to check itself and
- 40:32get back in. In alignment with progress, not
- 40:36greed. Yeah, some.
- 40:38Some austerity. Has it says supply all your
- 40:45need, not greed. You know, people read that money
- 40:49is the the root of all evil, but it says that the but it it
- 40:56people misread it. They don't, they don't read it
- 40:58where it says supply all your need.
- 41:01It it's, it's, I think it's as plural.
- 41:05It's not, it's singular, you know, so we're a capitalistic
- 41:13nation. We're built on that power.
- 41:15And some power is partially money.
- 41:17Silver is gonna be the money. Gold is certainly the money.
- 41:21And then of course, they're gonna go to the CBD, you know,
- 41:23the, not the CBD, but the digital point.
- 41:26So then I think this becomes even more of a player because
- 41:31it's not crypto in some form or magnetic card.
- 41:36Yeah, I, I, I want to interject. I agree with you.
- 41:39Everybody's CBDC's are coming. OK, don't, don't shoot the
- 41:43messenger. No question.
- 41:44But it's, there's no question about it, 99% of the world
- 41:48central banks are, are, are somewhere along the line of
- 41:51developing CBDC's. They are coming.
- 41:54The future is digital. OK.
- 41:57But I agree with you, Vinny. I think it's exciting of what it
- 42:01could do for the value of silver and gold because if you think
- 42:04about it right now, if you know you can use cash and and that
- 42:09can be, you know, kind of a private store of value, not a
- 42:13good store of value, not what I recommend, right.
- 42:15I would say keep a stack of of silver coins or gold coins, but
- 42:20some people, because most people don't realize the value of
- 42:24silver, gold will keep cash as a store of value or as a, as a
- 42:30mode of, of of financial privacy.
- 42:34When cash goes away, right, The only thing left for privacy.
- 42:39Will be. Silver and gold and it and it
- 42:43will retain its ability to, to, to, to, to, to, to, to retain
- 42:48its value as well as a, as a my friend ball guy money says like
- 42:52a, it's like a value battery, right?
- 42:55I mean, silver coins, gold coins hold their value.
- 42:59That it could actually be a great thing for the silver and
- 43:02gold community. Everybody's, you know, and I'm
- 43:05not in favor of it. And but I think we're going to
- 43:07have to play in that realm, but I just really think that it
- 43:11could result in a in a real surge in demand potentially for
- 43:15silver and gold. Well, the again I I find myself
- 43:21repeating Bible verses here, But when Joseph was second in
- 43:24command in in Egypt, when his his family finally came and he
- 43:30he loaded up their donkeys with the bags of grain.
- 43:34In the bags of grain, he put silver.
- 43:39Yeah, yeah. Or whatever whatever the weight
- 43:41was there was always. So you know, it's not it's been
- 43:44around since recorded time. It's not going away and we're
- 43:47gonna see more of it. It's gonna have its play in our
- 43:50in society going forward. America's a little bit slow to
- 43:53the game right now, but OK. It wasn't our culture, but we
- 43:58have a we have a different silver.
- 44:00Some of it's a technology going forward.
- 44:04But you and me, I have my story this I give it, it's a gifts to
- 44:10my grandchildren and we got the gold and we're I also have some
- 44:17dollars and I got some food. Right.
- 44:19Yeah, sure, sure, sure. Well, you know, and when you
- 44:22talk about history as well, I think that a lot of us it's,
- 44:26it's, it's a documented concept. We.
- 44:29Humans can, can suffer from what's called normalcy bias or
- 44:33recency bias. And for me, I'm 54 years old.
- 44:37I know you've got me by a couple years, but during our life,
- 44:41well, but during our, during our lifetime, Vinny, the dollar's
- 44:45always been valuable to 1° or another.
- 44:47Sure, it's lost a lot of its value.
- 44:49And I'm not saying the dollar, but but we're used to the banks
- 44:53being safe, right? We're used to the dollar being
- 44:57valuable. But you bring up a great point,
- 44:59right? If you study history, you know,
- 45:01we aren't the we aren't the first country that's been the
- 45:04world superpower, the world hegemony, whatever, however you
- 45:08want to say it. And history has taught us,
- 45:10whether you look at the Dutch or the Spanish or the British or
- 45:13the Romans or whoever, that that always comes to an end.
- 45:17And, and it's interesting because a lot of times those
- 45:20countries fell, fell victim or, or made the fatal mistake of, of
- 45:27devaluing their currency, whether it was the Romans
- 45:29clipping off parts of the coins or printing of money, right and,
- 45:34and using Fiat money. And, and history has taught us
- 45:37that, that the system always reverts back to real assets,
- 45:42back to silver, back to things like gold and, and, and so
- 45:46there's no, I mean, it's, it's hard.
- 45:48I know. And I and look, I'm not saying I
- 45:50don't want anything bad to happen to my country or my kids
- 45:53or your grandkids are going to be growing up in.
- 45:55But it does. Seem inevitable that there's
- 45:57going to be some challenging times ahead for future
- 45:59generations I. I don't see a path out of it.
- 46:05They, they got to satisfy, they've got to, it's the, the
- 46:09amount of debt we have and that has to be corrected, which is
- 46:15going to be a, a, a difficult reset.
- 46:18I probably won't, you know, I'll be 79 years old here shortly.
- 46:23I don't know that I'm going to see the, the, the correction
- 46:26that's going to take 10 to 15 years.
- 46:28I don't have any early plans on spending time in my coffee can,
- 46:34but chances are my grandchildren we'll see a prosperous time in
- 46:40America again. It's the difference between
- 46:43today and getting back to prosperous that's we recognize
- 46:48will be somewhat uncomfortable for a lot of people, especially
- 46:50if they haven't prepared, especially if they don't have
- 46:54some way to do some barter. You and I both probably I, I'll
- 46:58speak for myself. Pre in 1965 coins.
- 47:02I got a shoe box full. You know, I see that as a great
- 47:06barter tool. Yeah, if I need it, I hope I
- 47:11never need. It yeah, yeah.
- 47:13It's also interesting to to to consider, I think Rob Keats,
- 47:17I've heard him say this and it's a section in his book regards to
- 47:21this, that the United States was on a gold and silver backed
- 47:26money system for like 180 years. OK, this is a recent phenomena,
- 47:31but that 180 years represented advancement economically and
- 47:37some would even say from a technology perspective that was
- 47:42never matched in human history. So the idea that we could go
- 47:46back to a a real money system backed by silver and gold could
- 47:51actually. Be a really great.
- 47:52Thing for our kids and grandkids.
- 47:54Oh, it's been around forever. I don't think it's going to go
- 47:58away. And yes, where the emphasis
- 48:00becomes or just how much of a major player it becomes, it's a
- 48:05control factor. They, they want to control you
- 48:07with this, right? You know, they can't control us
- 48:10with this. They don't want this.
- 48:12So we may see a confiscation, we may see a hold on it.
- 48:15We may see all kinds of things for the, the crazy people in
- 48:18power. I, I think the power is a tough
- 48:23one. We have to.
- 48:27I carry a spare tire. Not because I'm looking forward
- 48:30to the day I got to use it. You know, I've lived long enough
- 48:36to know that. Thank God I've had it a few
- 48:38times. So I'm thank God I got it.
- 48:41I hope I never have to use it. You're a wise you're a wise man,
- 48:46Vinny, you're a wise man. And I, you know, I agree with
- 48:48you that that, that the powers that be don't like silver and
- 48:54gold. And it's fascinating.
- 48:55I won't go too far down this path, but.
- 48:58This was this. Has been, This has been going on
- 49:00since the late 1800s in this country.
- 49:03The movie The Wizard of Oz is actually, it's based on a book,
- 49:08right? The book came out, I don't know,
- 49:0930 or 40 years before the movie. And the book is all based on the
- 49:14struggle between the middle class, lower middle class
- 49:18farmers in the United States and the wealthy bankers in the East
- 49:25and Saint Louis, coincidentally, and how the, and the wealthy
- 49:29bankers were very much beholden to the European bankers 'cause
- 49:33this was the late 1800s when the European bankers still ruled the
- 49:37world. And I mean, this has been going
- 49:39on forever. And these guys, if you, if you
- 49:40dig into what was going on during that period and what the
- 49:43bankers were doing in some of the memos they wrote to each
- 49:47other, they were pretty evil. You know, they, they were, they
- 49:50were not in the least bit concerned about the average
- 49:53American. You know, and, and I don't want
- 49:55to be, I love this country and I think it is a, a country that
- 49:59still offers a lot of opportunity for people who
- 50:03really want to dig in and really learn and learn how the system
- 50:07works. But I think for the average
- 50:09person in this country, it's become kind of a debt trap in a
- 50:13lot of ways. And people are, are, are in a
- 50:15situation, a lot of people that are, you know, they've fallen
- 50:19into what they make, they, they make it easy.
- 50:22They make it a lot easier to fall into the debt trap in the
- 50:25United States today than they do for, for people to, to, to be
- 50:30able to work and get ahead. And I don't want to sound, I
- 50:33mean, look, I, I love this country, but I don't, I don't
- 50:36think that's what the founding fathers.
- 50:37I think the founding fathers had a, an idea that to have a
- 50:41country where, where, where there were laws in place and a
- 50:45system in place that would eat more easily allow for people to
- 50:49get ahead than to fall into a situation of debt.
- 50:54But you know, just my opinion. Well, I get to see a lot of
- 50:59people. You know, I'm an ambassador with
- 51:02the local chamber. I, I have a coffee business with
- 51:05clients. I have a screen distribution
- 51:08business, marketing business that I own and operate.
- 51:11And I get to meet a lot of people.
- 51:13And many of them, many of the business people I, I've noticed
- 51:17this dichotomy are now weren't born here.
- 51:23They came here for the opportunity and as my parents
- 51:27did and they, I grew up and had a very nice childhood.
- 51:33We never lacked for anything. Middle class lifestyle.
- 51:37I see these folks now that I, I sell coffee too, or I install
- 51:41screens in their business and English is their second or third
- 51:45language. It's not their first language.
- 51:48You know, they come for the opportunity and they are working
- 51:51the opportunity. I, I don't see a lot of young
- 51:53Americans. I, I have a few, don't get me
- 51:56wrong. It's kind of like when they say
- 51:58Americans are bad. I said go to one of the military
- 52:00academies. You'll see some of the some of
- 52:02the brightest. I have a reason to say that
- 52:05'cause I have children that went there.
- 52:07What are you gonna do? They're smarter than me.
- 52:11But do we I I the opportunity? America still holds that moniker
- 52:18of being a land of opportunity. And you can come here and it is
- 52:20happening that way. It's we, our leadership in
- 52:26Washington's got to get their heads screwed back on, right?
- 52:29Because you can't just live on all this debt.
- 52:31This is not. Yes, it's going to be wonderful
- 52:34for us. But.
- 52:36We are a minority at this point. What about the rest of the
- 52:39Americans? You know, they're, I'm not
- 52:44totally fearful, but I really believe we got a couple of bad
- 52:48years ahead of us where it's going to be a little bumpy Rd.
- 52:50There's great depressions, if you will, that my parents lived
- 52:52through. I think there's going to be some
- 52:54of that for a lot of people here.
- 52:57How do we overcome that? Don't give up the ship, you
- 53:01know, keep going forward. Do what you know is right.
- 53:05Pray daily and laugh a little bit too.
- 53:09Enjoy. That's right.
- 53:12And and you know, as you were speaking, I was thinking, I
- 53:15heard the saying one time, there's no better teacher in
- 53:18life than pain. And and maybe maybe we need a
- 53:23little pain in this country to teach our leadership and maybe
- 53:28teach a portion of the of the population as well that, you
- 53:31know, everything's not just a free ride.
- 53:34I mean, you talk about a lot of the immigrants that are working
- 53:36the system, working very hard. Maybe, you know, maybe some
- 53:42portion of the US population needs a little, a little pain.
- 53:46You know, like, like they said, we really haven't had a real
- 53:48recession in this country for a long time.
- 53:50And like, recessions are good, right, 'cause it, it weeds out
- 53:54the, the weaker businesses and forces companies to kind of
- 53:58restructure and become more efficient.
- 54:01And, and maybe that's what we need.
- 54:03Maybe, you know, it's not such a bad thing after all.
- 54:07I, I do know that through down times, the companies that can
- 54:10stay, that can stay through it and keep a brand image are the
- 54:15ones that come out truly on top. And I'm talking at, at, at
- 54:19neighborhood levels. You know, they don't have, you
- 54:21know, you got 10 auto mechanics after the end of this, you got
- 54:253. They're going to be the the
- 54:26superstars. You know, yeah, yeah, yeah.
- 54:29And maybe the other guys either either.
- 54:33But as far as that the, the, the, the live through bad times
- 54:39is not good for anybody. I've been in a number of war
- 54:41zones because I was Vietnam, I was in Africa there in a war
- 54:46zone, believe it or not. And during those times, people
- 54:52suffer and die. I, I don't want to see that for
- 54:57anybody. And we got a couple of those
- 54:58things going on right now over in Europe.
- 55:01You know, it's it's terrible. Some of the somebody's going to
- 55:04come out stronger and and more resilient for that.
- 55:11We still are living this. I don't know that everyday
- 55:15Americans get it yet just how tough things are in some
- 55:19respects. You know, with the debt, it's
- 55:22going to you got to see if the wisdom tells me anything.
- 55:26I one time as a young man over ramped a couple of credit cards
- 55:30that I had. Took a long time to pay that
- 55:32off. I don't ever do that again.
- 55:36There's there's no better teacher in life than pain, right
- 55:39Vinny? Ouch.
- 55:42Thank you, Ron. Thank you for having me.
- 55:45Thanks Vinny. It was great having you on.
- 55:47OK, And we're going to look forward to seeing you again.
- 55:49Everybody I know has enjoyed having you on here.
- 55:52So thank you. OK, and and you have a great
- 55:56day. I'm going to show one more time.
- 55:59Hold on, Vinny, I'm going to show Vinny's web page for his
- 56:02coffee company, right? He also has a screen business
- 56:06down in Florida where you can advertise on video screens and
- 56:10different videos. So here he is, Vinny from
- 56:13Santino Supremo Coffee. And Vinny, we'll look forward to
- 56:18seeing you soon. OK, buddy, hold on.
- 56:19Let me say I could see you in person.
- 56:21There you are. OK.
- 56:23You're the best. I love what you're doing.
- 56:26We love what you're doing. Keep it up you're doing and put
- 56:28on a great program. We we learn a lot.
- 56:31I've learned a lot. Yeah, well, we learned a lot
- 56:33from you today. Thanks, Vinny.
- 56:35You have a great day. OK, buddy.
- 56:37Salute my friends. Bye.
- 56:38Bye. All right, guys.
- 56:42That's Vinny, huh? Our friend Vinny.
- 56:44What a great guy. What a great source of wisdom,
- 56:47man. He's, what'd he say?
- 56:49Going to be turning 79 here. In a few weeks.
- 56:51So thanks again to Vinny for joining us.
- 56:54Thank. You for joining me today thanks
- 56:56to all our sponsors. Let's say thank you to 1st
- 56:59Mining Gold Canadian gold Development Company with two
- 57:02multi million ounce projects in. Canada and Fortuna Silver, also
- 57:08a gold mining company, silver miner in Latin America, also a
- 57:12gold mine in, I'm sorry, Argentina, and gold mines in
- 57:18West Africa as well. I'll look forward to seeing you
- 57:21guys back tomorrow. Take care of yourself, OK?
- 57:24And I will see you soon.