Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 I Warned You THIS Would Happen to SILVER! (Are YOU TOO LATE?)

Transcript

🚨 I Warned You THIS Would Happen to SILVER! (Are YOU TOO LATE?) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Congratulations, my fellow basement dwellers, Silver
• 0:05
  stackers, gold stackers from all around the world.
• 0:08
  Welcome to the basement. But big congratulations are in
• 0:12
  order. We've got some shocking news
• 0:14
  coming out of, yes, the US debt clock.
• 0:18
  We finally did it. There's actually two big things
• 0:21
  we're going to talk about and you're not going to believe it,
• 0:24
  but one of them has to do with. 406.
• 0:26
  Dollars, silver and I'm. Going to say thank.
• 0:28
  You to someone that I see here on the live stream welder guy
• 0:32
  who sent me an update on this one.
• 0:35
  Matter. Let's dive right in.
• 0:36
  But. 1st, thank you for being here.
• 0:37
  Please give this a thumbs. Up.
• 0:39
  That helps get the word out to more and more people.
• 0:41
  It helps us feel good because it's nice to do nice.
• 0:44
  Things and giving. A thumbs up is a nice thing and
• 0:46
  you can always subscribe to the channel, you know that's free.
• 0:49
  Thank you to all the moderators who are here this morning.
• 0:52
  Let's. Go right out.
• 0:53
  Let's talk about shocking. News 406 dollars silver we'll
• 0:56
  get to. That but first.
• 1:00
  Take a look at this guys. Make sure we got you on there
• 1:03
  and we do. Congratulations, we did it $35
• 1:08
  trillion. In U.S.
• 1:10
  National debt. I saw Peter Grandich.
• 1:12
  This morning mentioned that it only took ten years for us to
• 1:17
  double the national debt. Where do you think this number?
• 1:20
  I mean, where do you think this is heading, right?
• 1:23
  I mean, have you thought about that?
• 1:25
  Where do you think this is heading?
• 1:26
  Where? Are we going to?
• 1:27
  Be 10 years. From now we know.
• 1:29
  Already this equals 267. $1000 per US taxpayer.
• 1:36
  That's right if you're. Paying taxes right now in the
• 1:38
  United States of America not only do you owe your.
• 1:41
  Taxes every year but you. Also.
• 1:43
  Owe a debt of. 260. 7000. Dollars to people.
• 1:48
  All over the world. Because guess what?
• 1:50
  You know all that money, all that 30?
• 1:52
  5 trillion, somebody thinks. They're going to get paid back.
• 1:56
  I don't think they will get paid back, but I don't you know, how
• 1:59
  are we ever going to pay it back and that.
• 2:00
  Doesn't even count like future obligations for Social Security.
• 2:05
  And. Pensions and all different.
• 2:07
  Types of Medicare, Medicaid, I mean, guys, it's really, really
• 2:12
  crazy. Final thing I'll say about that,
• 2:14
  don't forget $1 trillion is equal to 1,000,000 * 1,000,000.
• 2:22
  Can you visualize that? I mean it's.
• 2:23
  Hard for me to visualize that like a million, but then a
• 2:27
  million times a million. And then there's all these other
• 2:31
  analogies you can use about like, you know, if a trillion
• 2:36
  seconds is like 5000 years, I don't know the specifics on it,
• 2:39
  but none the less it's not a good thing.
• 2:42
  Now my friend, welder guy. Second point, let's talk about
• 2:45
  silver here guys, because if we go over, something very
• 2:49
  interesting happened. We go over here, see my yellow
• 2:53
  finger? The dollar to silver.
• 2:56
  Ratio last week is if myself and welder guy remember correctly
• 3:01
  this number. Was more like 260 I think.
• 3:04
  It was 200. And 50. $4.00 per.
• 3:07
  Ounce of silver. It has jumped.
• 3:09
  All the way to 406. Dollars per ounce of silver and
• 3:14
  to. Refresh your memory.
• 3:16
  Let's go. Up here just a little bit.
• 3:18
  OK, if you put your finger on it and go up to the.
• 3:21
  Middle it. Tells us the US dollar to silver
• 3:24
  ratio well here. Let me show you.
• 3:25
  What it is? Let me show you, basement
• 3:28
  dwellers. Here we go.
• 3:31
  You know what this is? Yeah.
• 3:33
  Look at me. I'm Rich Ronnie.
• 3:35
  Rich, Ronnie. That's paper money, huh?
• 3:38
  Those are dollars. Paper.
• 3:40
  Money. That ratio compares this the
• 3:44
  paper money. You know what that is?
• 3:47
  Hold on here. There we go.
• 3:51
  Yeah, you know what that is. Get that in focus.
• 3:56
  That's an American Silver Eagle. This we're comparing paper.
• 4:01
  To real OK. And when we compare remember
• 4:04
  this paper to. Real when we compare.
• 4:06
  Paper to real. Right now on the US debt clock,
• 4:11
  it has jumped significantly OK dollar to silver ratio the.
• 4:19
  Year over year. Increase in the.
• 4:22
  USM two money. Supply divided by the yearly
• 4:25
  world production of silver so for every.
• 4:30
  One ounce of. Silver that's being produced
• 4:32
  right now, guys being dug out of the ground.
• 4:35
  Look, we, we forget, I understand, we forget how hard
• 4:40
  it is to get this stuff out of the ground.
• 4:42
  Gold or silver or platinum or Palladium or lithium, any of
• 4:46
  these. Metals, but.
• 4:47
  Silver in particular, extremely difficult.
• 4:50
  Most of it's. Very deep buried.
• 4:51
  Deep in the ground. For each one of those.
• 4:54
  Oz That's dug. Up every year, the United
• 4:56
  States. Is printing. 4. 106 dollars.
• 5:02
  OK, so let's run over here really quick because I think the
• 5:07
  Motley I, I, I looked for an article that talked about this
• 5:10
  and The Motley Fool was the only place that I saw that had a
• 5:12
  recent article. It was yesterday. the US money
• 5:16
  supply is increasing again and could pretend a big stock market
• 5:20
  move. OK, Now they talk a lot about
• 5:23
  the stock market. We're more interested in the M2
• 5:25
  money supply. Why the recent money supply
• 5:29
  bounce matters? What exactly is money supply?
• 5:32
  It's the total amount of money in circulation.
• 5:35
  OK, so they're creating. 406 new.
• 5:38
  Dollars to circulate for each one ounce of silver.
• 5:42
  Think about that. Grab an.
• 5:44
  Ounce of silver right Now hold it in your hand.
• 5:46
  The government this year. Is going to print. 406.
• 5:50
  Paper dollars for each one ounce of that silver that's dug up out
• 5:54
  of the out of the ground. The definition of what is
• 5:57
  considered money depends on which money supply metric you
• 6:00
  use. Economists typically refer
• 6:03
  prefer. Using a money supply measure
• 6:05
  called the M2, it includes physical currency.
• 6:09
  OK, that would be that paper money.
• 6:11
  We looked at demand deposits like savings accounts, well,
• 6:15
  savings accounts deposit. So I don't what is a demand
• 6:18
  deposit? I think anything where you can
• 6:19
  get your money immediately and money market mutual funds.
• 6:24
  So it's the physical liquid money.
• 6:26
  OK, now this this is just worth looking at.
• 6:29
  Are we headed for a depression? Right.
• 6:32
  The argument can be made are. We headed toward a depression
• 6:35
  because in green, historically, when the M2 declines sharply it.
• 6:40
  Often foreshadows and it. Did it was declining just like a
• 6:44
  year ago? It often foreshadows bad news
• 6:47
  for the economy and the stock market.
• 6:49
  Nick Gurley with Reventure Consulting.
• 6:52
  Researched the history. Of M2 from 1870 through the
• 6:56
  present, he found that every time the money supply measure
• 7:00
  fell by 2% or more in economic depression followed.
• 7:05
  Some investors were understandably concerned when
• 7:08
  the M2 slid more than 2% below its high in early 2023.
• 7:14
  So just about a year ago, we had a big slide in the M2 money
• 7:17
  supply. As the money supply metric
• 7:19
  continued to fall, worries intensified.
• 7:22
  But over the past several months, the M2 has bounced back.
• 7:26
  But what we know is that anytime the M2 money supply.
• 7:31
  Had decreased right A. Depression followed.
• 7:34
  So, number one, are we headed toward a depression?
• 7:37
  We could be. I was talking to somebody last.
• 7:39
  Night, who had an insider at one of the big major financial
• 7:42
  firms. He's telling me that this person
• 7:45
  is talking about converting a lot of their Unicorn fart desk
• 7:48
  paper money into gold and silver.
• 7:50
  Because this person told this other person and I, I, I feel
• 7:54
  like I'm Well anyway, this is a true story.
• 7:57
  I don't want to didn't divulge any sources that they thought we
• 8:00
  were headed towards a big stock market crash.
• 8:03
  Who knows right You know nobody knows for sure.
• 8:05
  Some people have been calling for stock market crashes for the
• 8:09
  last 20 years right? But none the less we do know
• 8:13
  that when the M2 any other. Time.
• 8:15
  That the M2 money supply had decreased, the depression
• 8:17
  followed. What we do know right now is
• 8:20
  that this, right? I mean, guys, look at this.
• 8:24
  This is proof right here. 406. Paper dollars are being created
• 8:33
  right for. Each.
• 8:35
  One each one of these that are being dug out of the ground.
• 8:43
  Look at this. 406. This is only like 8 for each one
• 8:47
  of these and you're going to tell.
• 8:49
  Me. That this is going to hold value
• 8:52
  over time more than this I don't.
• 8:54
  Know. What do you think?
• 8:56
  It doesn't make sense. To me and.
• 8:58
  Then I think about it and I'm like, OK, well the current
• 9:00
  silver price is what, 28 bucks an ounce?
• 9:02
  Let's go check. And then I want to tell you show
• 9:05
  you another. Piece of crazy mathematics.
• 9:08
  Current Silver. Price.
• 9:10
  Let's go check all. Right, I got to.
• 9:13
  Press the magic button. Guys, this is not updated so
• 9:16
  cross your fingers. Take your high blood.
• 9:18
  Pressure medicine with me. And OK, gold is up four.
• 9:22
  And. Silver up too, so.
• 9:24
  We're at $28.00. An ounce in silver right now,
• 9:27
  gold hovering right around $2400 per oz.
• 9:30
  Thank you to channel sponsor Pembex.
• 9:32
  While we're here, we will say thank you.
• 9:34
  Thank you Pi MB EX pembex.com. Please never tell you what to do
• 9:41
  in Ron's basement, but I will make a strong recommendation.
• 9:45
  That if you're ever. Deciding to buy silver, gold or
• 9:48
  platinum group metals online that you throw pinbecks into the
• 9:51
  mix, compare what they can do for you compared to the other
• 9:56
  big online bullion dealers. I am confident that you'll be
• 10:00
  very, very impressed. I can say that because I've
• 10:03
  received hundreds of emails from you basement dwellers thanking
• 10:07
  me for telling you about PMBEX. They really do a great job.
• 10:12
  The two brothers that run the company, they're Cpas,
• 10:15
  accountants. You know, I'm not ACPA, but I,
• 10:18
  I, I did study accounting. These guys, their mission is to
• 10:22
  get as much metal into the hands of their customers as possible.
• 10:26
  I made those this motto up, but I like to say you get more metal
• 10:30
  for your money at PMBEX and the same is.
• 10:32
  True if you're. Ever thinking about converting
• 10:34
  an IRA? Please, please talk to the guys
• 10:37
  at Pembac's as well. Compare how many ounces of metal
• 10:40
  they can get for you. Now what's in what's crazy I
• 10:43
  don't know. It doesn't seem right to say did
• 10:45
  with that is that. Word insane.
• 10:47
  Does that offend you anyway? Is it crazy to think about it 4.
• 10:51
  106. Dollar Silver, right Four. 106
• 10:54
  Paper. Dollars being created make
• 10:56
  believe Unicorn fart does for each one ounce of silver all
• 10:59
  right at the current silver price of $28.00, that's. 14.5
• 11:04
  times. Higher.
• 11:06
  Than where we are. Right now, I mean, it is just
• 11:09
  unbelievable, All right, so much opportunity.
• 11:13
  I'm not saying that. Silver should be 4. $106.00
• 11:16
  right now today. But when we look at this data, I
• 11:19
  mean, we got to look at like all the all the all the clues
• 11:23
  pointing us toward the fact that.
• 11:25
  Silver is so. Darn undervalued right now,
• 11:29
  right? And when we know.
• 11:30
  That the government again. Is printing money at a rate.
• 11:34
  Where there's. 406 new paper electronic make believe dollars
• 11:38
  being created for each one ounce of silver.
• 11:40
  What does that tell us? I think the silver price should
• 11:43
  be a lot higher than 20. Eight, although we.
• 11:45
  Won't complain. About 28 basement.
• 11:47
  Dwellers. Because you know what?
• 11:49
  Within the last year, it's. Been a lot worse heck, we were
• 11:51
  pushing toward 22. So we'll we'll take the 28, but
• 11:56
  know that that at least I I don't know how do you feel about
• 11:59
  it? I believe the silver price
• 12:01
  should be so much higher right now so much higher.
• 12:04
  Hey, thank you again to all the moderators who are here.
• 12:06
  I know. Annie's here.
• 12:08
  Welder. Guy, yeah, and welder Guy says
• 12:11
  in the DX the DXY is just a big that's the prettiest turd in the
• 12:15
  toilet contest. That's the the dollar index,
• 12:18
  guys, The DXY index. It can raise, it can lower it,
• 12:22
  whatever. It's it's just comparing the
• 12:24
  dollar to a bunch of other currencies that are all going
• 12:28
  down the toilet. That's the reality of the
• 12:30
  situation right now, the gold to silver.
• 12:34
  Ratio. Is back at 85 to one
• 12:38
  unbelievable that it would take you 85 ounces of silver to
• 12:42
  convert to one ounce of gold. We'll keep an eye on that.
• 12:46
  Let's go check out this is interesting China.
• 12:50
  We got some very interesting news.
• 12:52
  Direct from China about gold and we're going to we're going to go
• 12:56
  through this. Be prepared to be awakened I
• 13:00
  guess is a good way. It's Monday morning, right
• 13:03
  Basement dwellers. Hey, thank you again for being
• 13:05
  here. You are the most important part
• 13:07
  of the basement. So I want to say thank you for
• 13:09
  joining us. Please give this a thumbs up
• 13:11
  that. Really does help get the word
• 13:14
  out to more and more of the of the community.
• 13:17
  What we're talking about here with silver and gold, we're
• 13:21
  going to start with this, but we got a lot more to talk about.
• 13:25
  This is the silver price update from the Shanghai, and I
• 13:29
  emphasize the high in Shanghai because it seems like the.
• 13:33
  Price for silver. AG at the Shanghai Gold
• 13:37
  Exchange. Is always a lot higher.
• 13:40
  Didn't we just say 28? It closed in Shanghai on the
• 13:44
  physical Shanghai Gold Exchange at 3120 Shanghai.
• 13:48
  Futures Exchange. $31.43 that's not, that's interesting.
• 13:53
  Of course, the silver price, what is that telling us is much,
• 13:56
  much higher in Shanghai. But this is what we want to take
• 14:01
  a look at, guys. This is a report.
• 14:04
  Apparently they had the China Gold Conference.
• 14:08
  We're going to run through a few of these, OK, They said the
• 14:11
  China Gold Conference is going to release a bunch of important
• 14:14
  data. All right, let's go to the next
• 14:16
  one here and see what they're saying about gold and and, and
• 14:23
  silver for that matter, in Chanter and China here in the
• 14:26
  past decade. And thank you for to the
• 14:28
  Oriental Ghost for for publishing this information.
• 14:31
  In the past decade, not only has it witnessed a significant
• 14:35
  increase. In the international influence.
• 14:38
  And competitiveness of China's gold industry.
• 14:42
  But it has. Also demonstrated the power of
• 14:45
  China's gold industry in contributing.
• 14:48
  To the stability and prosperity of the.
• 14:51
  Global economy. Wow, that.
• 14:54
  Sentence like says it. All China is taking over the
• 14:57
  gold industry, right? And at the same time, that's
• 15:00
  contributing to the stability and prosperity.
• 15:03
  Of the global economy is the world's largest producer and
• 15:12
  consumer of gold. I know I'm calling.
• 15:15
  India the the precious metals capital of the world, but the
• 15:18
  reality is China produces and consumes more than anybody else.
• 15:21
  China's influence in the gold industry is increasingly
• 15:25
  growing. The convening of this conference
• 15:28
  undoubtedly expands the influence and makes China an
• 15:31
  important benchmark for the global gold industry.
• 15:34
  All right, they're they're leader here as the as the host
• 15:38
  country, China has the opportunity and capability to
• 15:41
  further demonstrate its leadership in various fields in
• 15:44
  the gold industry and strive to promote the high quality
• 15:48
  development of the global China apparently loves gold right now.
• 15:57
  Wrong One one more to look at it.
• 15:59
  It's absolutely crazy what is happening in China with gold
• 16:04
  right now. China's gold supply in 2023 was
• 16:09
  almost 1800 tons, a year on year increase of 20%.
• 16:14
  In 2023, the total demand for gold in China will be 1722 tons.
• 16:21
  The official net purchases were almost 225 tons, accounting for
• 16:27
  13% of total demand. So not only is China producing
• 16:32
  more of the world's gold, but they're actually buying
• 16:35
  additional gold. In the first half of 2024, the
• 16:38
  national gold consumption was. 520. 3 tons.
• 16:43
  A year on year. Decrease of 5%.
• 16:46
  Among them, 270 tons of gold jewelry decrease.
• 16:50
  So it was gold jewelry that decreased and oh wow, wait a
• 16:56
  minute gold tons of degree year on year 214,000 tons of gold
• 17:03
  bars and coins a year on year increase of 46%.
• 17:09
  Interesting, very interesting. What is this telling us about
• 17:14
  China and gold? In 2023, China's gold market
• 17:18
  will fully. Recover.
• 17:20
  Showing a trend of strong supply and demand.
• 17:22
  All right, so guys, what this is telling us is that China, and
• 17:27
  thank you Oriental Ghost for sharing that information with
• 17:31
  us, is that China is taking over the gold market and and I.
• 17:36
  You know, how do you feel? About India.
• 17:39
  Yeah. I mean, do you realize we got to
• 17:41
  realize something here, Basement dwellers, we, most of us live in
• 17:45
  the United. States or Canada, All right, I
• 17:48
  don't know what the population of Canada is.
• 17:50
  I'm sorry. Maybe 40 million people, 50
• 17:53
  million I'm not. Sure, Don didn't mean to offend
• 17:55
  you if I'm way off on that. But America has three. 130
• 17:59
  million people guys, India. Has 1.4 billion.
• 18:03
  People. China has one. .4 billion.
• 18:05
  People these countries, I think India is the precious metal
• 18:09
  capital of the world. But China thinks they're.
• 18:11
  The precious metal well. They can.
• 18:12
  They can Duke it out for all we care.
• 18:14
  But what we know is. All right, China is the.
• 18:18
  World's biggest producer of gold.
• 18:20
  Oh, and by the way, they're also importing.
• 18:23
  A bunch of gold India. We know what they're.
• 18:26
  Doing with silver. We know that Indian families and
• 18:31
  I was talking with Keith. Weiner the the the CEO and.
• 18:34
  Founder of Monetary Metals. Last week.
• 18:37
  I was like, you know, there's 25 what, 25,000?
• 18:39
  Metric tons of gold. In Indian households, I say it
• 18:44
  everyday and I'll keep saying it.
• 18:46
  That's three times what the amount of gold that we
• 18:49
  supposedly. Have at Fort.
• 18:51
  Knox now we're not allowed to see it.
• 18:53
  None of us. It's our.
• 18:54
  Gold. Hey, congratulations, this is a
• 18:56
  big. Day for or shoot, it's hard for
• 19:02
  me to. Read text.
• 19:04
  This is a big day for hold on. I'm getting text from Coin shop
• 19:08
  Chris. It's hard for me to read text
• 19:11
  when I'm getting bear with me here.
• 19:13
  Coin shop Chris was very important.
• 19:15
  Read comment under the Super chat.
• 19:17
  OK. I will.
• 19:18
  Thank you, Chris. This is a big day, right,
• 19:22
  America? We got 35 trillion in debt.
• 19:24
  Congratulations, right? Massive day.
• 19:29
  But on top of that, we also know that we're not allowed.
• 19:33
  We supposedly have 25,000 metric tons of gold.
• 19:37
  I'm sorry, 8000 metric tons of gold at Fort Knox, but you're
• 19:40
  not allowed to see it. You're not allowed.
• 19:42
  Not. Not only are just normal,
• 19:44
  everyday citizens of the. United hey wait work that we.
• 19:47
  Own that. This is a representative
• 19:49
  government. We should be able to go see it
• 19:51
  should be on public display. I don't care if they got guys
• 19:54
  with machine guns in front of it, we should all be able to go
• 19:56
  see it. But we can't.
• 19:58
  Why? Why is that?
• 19:59
  That doesn't make sense. But the Indians in their houses
• 20:04
  have more than three times that amount.
• 20:06
  And we're the richest. Country in the.
• 20:07
  World America, we're the most indebted country in the world,
• 20:11
  too. It feels like only $35 trillion,
• 20:14
  I'll say. It one last time.
• 20:15
  OK, hey, so. When we look at what's going.
• 20:21
  On in China, right and India. With gold and.
• 20:26
  Silver. It's unbelievable, right?
• 20:30
  It's good days. Ahead for US basement.
• 20:32
  Well, there's absolutely good days ahead.
• 20:34
  Let me go. Read this super.
• 20:36
  Chat that we got here from Kelly Kaiser.
• 20:42
  Super sticker, thank you. Kelly for that super chat hold
• 20:47
  on here. And I don't know if there was
• 20:49
  another comment I needed to read.
• 20:50
  I'm confused. Anyway, that's what's going on.
• 20:54
  It's a big, big deal. And guys, it's going to be, I
• 20:58
  mean, as we look out, think about, I mean, what do you think
• 21:02
  when you look out five or ten years?
• 21:03
  You know, it's funny because when I was getting ready to do
• 21:05
  this live stream, I had this out right.
• 21:07
  Compare this remember four 406. Of these are being printed see
• 21:14
  if I can get it on camera. There you go.
• 21:16
  Oh, there she is for. Each one of these.
• 21:20
  Right. 406. Of.
• 21:22
  These paper Unicorn fart dust paper, it's not very heavy.
• 21:27
  This is way. Heavier than this.
• 21:31
  Right, I can hold this up all day. 406 of these.
• 21:35
  Right now are being. Created every year for each one
• 21:39
  of these. Oh, and by the way, these that
• 21:41
  are being created are all being. Consumed.
• 21:45
  There's actually a shortage, a deficit, a deficit, if you will.
• 21:48
  There's a silver deficit, so hang in there.
• 21:51
  It's going to be good times. I had.
• 21:53
  Big news this week. Is going to be Wednesday our
• 21:56
  old? Friend.
• 21:56
  Let's get him out. Everybody.
• 21:57
  You guys want to say hi to one of our good old friends?
• 22:00
  Oh, before I forget. I'm going to say thank you.
• 22:02
  Channel sponsor First Mining Gold, Canadian gold developer
• 22:06
  with two multi million S projects in Canada.
• 22:08
  You can learn more about them at firstmininggold.com and Fortuna
• 22:11
  Mining. They're going to announce.
• 22:13
  Earnings next week, they have operations.
• 22:16
  Mining operations in Latin America and West Africa, both
• 22:20
  gold and silver. You can learn more.
• 22:21
  About them at Fortuna mining.com.
• 22:23
  I'll be right back. I got to go pick up a friend
• 22:26
  hold. On a second here.
• 22:28
  He is. It's time for Jerome.
• 22:35
  He'll be back. Look at him, that little guy, my
• 22:38
  mom. My mom was over yesterday.
• 22:41
  And hi mom, thanks. She watches my live streams.
• 22:45
  She likes them anyway. She said that little guy that
• 22:48
  you keep in the box is going to come knocking on your door.
• 22:50
  Someday. And I said, Mom, he doesn't work
• 22:52
  for the government. He's a works for a private bank.
• 22:55
  The. Federal Reserve.
• 22:56
  The Federal. And Federal Reserve is no more
• 23:00
  federal than the federal and Federal Express, She's, well,
• 23:03
  he's. Going to come knocking on your
• 23:04
  door, that cute little guy said. I hope he does bring him down.
• 23:08
  Let's get him on. Here.
• 23:09
  OK, Jerome, there's an open invitation now.
• 23:12
  The reality is Wednesday. They're going to talk.
• 23:15
  What can we expect? Put him back.
• 23:18
  I put him back. Daniel.
• 23:19
  I'll do anything for $4.06. Thank you for the Super chat by
• 23:23
  the way, our good friend. Daniel, man, he's.
• 23:25
  Been around here a. Lot lately.
• 23:27
  Thank you. I love your dog, by the way.
• 23:28
  Cute nonetheless. Jerome's going to talk
• 23:32
  Wednesday. What we expect, what will be the
• 23:35
  middle of the road, will be that Jerome will kind of set the
• 23:39
  stage for a rate cut in September.
• 23:42
  That's what everybody's expecting.
• 23:45
  Now look. Sometimes the unexpected.
• 23:47
  Does happen. Little, little Jerome, you know,
• 23:49
  likes to pull a little trick out of his box if he comes out and
• 23:53
  speaks more hawkishly, right? Like, oh, we're needing to see
• 23:57
  more. They'll say something like this.
• 23:58
  You ready? What do you?
• 23:59
  What do you? Think he would say that would be
• 24:01
  more hawkish. Bad for gold and silver, do you
• 24:04
  know? Yeah.
• 24:05
  You know what he'd say. He'd say, well, we need to see.
• 24:08
  We're we're concerned. About the limited progress so
• 24:11
  far on inflation, we need to see more progress on inflation,
• 24:14
  right? Gold and silver would tank.
• 24:16
  I don't think that'll happen. I don't think from a political
• 24:19
  perspective, I don't think that's is what we're going to
• 24:23
  have happen. You know what, hold on a minute
• 24:24
  here. Let's put up the banner.
• 24:26
  All right, guys. OK, there.
• 24:29
  The other thing that could happen, right?
• 24:31
  What's most with 90% chance, it's going to be, oh, you know,
• 24:36
  we're going to cut rates in September.
• 24:38
  In so many words, there's a small chance.
• 24:41
  That they could shock. US with a rate cut.
• 24:43
  Right. There's a small chance they
• 24:45
  could shock. Us with a rate increase, I think
• 24:47
  there's a bigger chance of that. Smaller chance that they.
• 24:51
  Shock us with a rate cut. I'm not predicting that.
• 24:54
  But it is not without, with, beyond, but beyond the realm of
• 24:58
  possibilities. Do you think they can cut rates
• 25:01
  at the next meeting? The next meeting.
• 25:03
  Then won't be until September. But be prepared because.
• 25:06
  Everybody, especially CNBC and all the big.
• 25:09
  Media channels are going to make a big deal about the Jerome
• 25:12
  Powell blah blah blah. I don't know.
• 25:15
  Now that I'm I'm, now that I'm talking to you right now, I'm
• 25:18
  starting to feel like maybe there's a little bit bigger.
• 25:20
  Of a little chance that they cut rates.
• 25:23
  He knows what's going on. Right, we looked.
• 25:25
  Yesterday this 150 year old furniture company right closed
• 25:29
  5. 100 stores 500 right? That's like.
• 25:34
  Thousands of jobs. Right.
• 25:36
  People are hurting. Out there.
• 25:38
  Right. Don't forget like 80% of
• 25:40
  America, 80%, four out of five. People are.
• 25:44
  Living paycheck to paycheck. Right now, OK.
• 25:47
  Things are slowing down. Hold on a minute here, OK And
• 25:54
  OK, thank you guys for all the the the text that you send me
• 25:58
  during the live stream. I appreciate I do appreciate the
• 26:01
  help. What am I forgetting?
• 26:02
  Oh, I forgot. Hey, I'll tell you what.
• 26:04
  Let's do something nice. You want to do something nice
• 26:07
  today? Basement and a lot.
• 26:08
  Of you have already done this but our good.
• 26:10
  Friend Coin Shop Chris. Yes, that coin shop, Chris,
• 26:14
  right, The man with the. Beautiful accent, we love him
• 26:17
  he. Loves silver and gold more than
• 26:19
  anything in the world. He is working so hard to get his
• 26:22
  channel up and running. If you could go to YouTube, put
• 26:26
  in coin shop Chris in the search bar and.
• 26:29
  Please go subscribe. He's almost to 1000.
• 26:32
  Subscribers, can we? Get Coin Shop Chris to 1000.
• 26:35
  Subscribers today, I think we can and that.
• 26:38
  Would be a really nice thing for.
• 26:40
  You to do I know he'd be really grateful and happy and he is a
• 26:43
  big part of this channel still is a big part of this channel.
• 26:46
  How about a giveaway here? I'm going to show you guys
• 26:49
  something you want to give. Away you want some free silver.
• 26:52
  The last day of summer you want some free silver.
• 26:55
  Let me see if. What I can do?
• 26:56
  Uh oh. Hold on.
• 26:58
  I think you're still there. I got to fix something.
• 27:01
  We're having some. Hopefully we're still alive.
• 27:04
  If we're not, I'm. Talking to myself, and I do a
• 27:07
  lot of that anyway, do you? Talk to yourself.
• 27:09
  You know, that's one big. Thing right?
• 27:11
  We all talk to ourselves. I don't.
• 27:12
  Do such a good job of talk, speaking positively to myself.
• 27:16
  I need to work on that. Here we go.
• 27:19
  All right, all right. Hey, look at that.
• 27:22
  You know what that is? That 16.
• 27:25
  Ounces of Coke. I look at that wrapper, it's
• 27:29
  underneath looks like it could be the other kind of Coke, but
• 27:31
  it's not. It's 16 ounces of Coke silver.
• 27:35
  On the left you have a 10 oz silver bar.
• 27:38
  In the middle you have a 5 oz silver bar, and on the right you
• 27:42
  have a one ounce silver bar. That my friends.
• 27:46
  In early September. Could be arriving at your home
• 27:49
  with your name on it. Our last winter down in Florida.
• 27:52
  I've got a picture he sent me, was so happy.
• 27:56
  And you guys, you could get the end of summer pin backs.
• 27:59
  Silver. Giveaway here, I'm going.
• 28:01
  To I'm going to show you live. Now, OK, to prove to you these
• 28:05
  are cool, really cool, and I'm trying not to get my grimy hands
• 28:08
  all over it, but there's there's the 10 oz bar.
• 28:12
  Hey, there's a, it's like, look at, yeah, look at that.
• 28:17
  Wow. All you can see around my
• 28:18
  basement, there's my peace sign. Yeah.
• 28:20
  Anyway, but be careful what you guys see.
• 28:23
  Those are my lights. That's my lighting.
• 28:25
  System that I use down. Here we're real high tech in the
• 28:28
  basement. That's anyway that's the air.
• 28:33
  That's a pretty good shot. 10 oz.
• 28:35
  That is heavy. I love 10 oz bars.
• 28:38
  Here's one that I have in all my pictures.
• 28:40
  I use it as like a paperweight on my desk.
• 28:43
  Right, That's not part of the giveaway, but man, I just love
• 28:46
  10 oz bars. What's your favorite?
• 28:48
  Tell me what your. Favorite.
• 28:49
  What's your favorite kind of silver?
• 28:51
  What's your favorite? Let's do that.
• 28:53
  Hold on here, comments. Here we are.
• 28:56
  Hey, All right, Kelly and Daniel, thank you again.
• 29:00
  For the Super chats. What's your favorite?
• 29:02
  My I think go to favorite is a 10 oz bar.
• 29:12
  Hey, Sell. The Mortimer Hold.
• 29:14
  On we got another super. Chat, hold on here.
• 29:17
  How do I get that? Boy, they're flying in now.
• 29:20
  Kilo bars. Yeah.
• 29:22
  Oh, there it is. My favorite is the Kilo bar.
• 29:25
  Yeah, but here's the Super chat. There we are.
• 29:28
  Sell Mortimer. Sell silver stack on from
• 29:31
  Eugene, OR. Yes, my friend.
• 29:33
  Thank you. Thank you.
• 29:35
  What works fine? Anybody want my five out?
• 29:38
  Yes, I'll take your 5. Out.
• 29:39
  Oh, bye. I thought you were giving it
• 29:42
  away. I'll buy more silver.
• 29:45
  At $26.50. I shared that with you guys in
• 29:48
  the previous. That's my next buy point.
• 29:51
  I have enough silver. I do keep it all off site in a
• 29:54
  safe faulted location but I would buy more if we get the
• 29:59
  2650. That's just me.
• 30:01
  Don't base any of your decisions upon anything that I say.
• 30:06
  And hold on here. I want to get down.
• 30:08
  Hopefully we're still alive 10. Oz Bars coins free.
• 30:12
  Stuff Magic moon likes kilo bars.
• 30:15
  OK, guys. So that's the big.
• 30:18
  News of the Week, 406. Let's go take one more quick
• 30:21
  look. Unbelievable.
• 30:23
  Hold on here. You guys have a?
• 30:27
  Good weekend, I hope you did. I had a pretty good.
• 30:29
  Weekend I've been sick. Lately, I don't know, man.
• 30:31
  It's just like one thing after another.
• 30:33
  Now, my, I don't know if you've ever had this happen, but my
• 30:38
  what? My left ear is completely
• 30:40
  clogged up, which is messes with you.
• 30:43
  I don't know if you've ever had that happen, but my ear, I just
• 30:45
  cannot hear anything out of my left ear.
• 30:49
  Here we go. All right, big day today.
• 30:53
  I can't believe it. I'm not.
• 30:55
  I'm surprised. Now let's see, that'll be
• 30:57
  interesting for us to. See, is the mainstream media
• 31:00
  going to pick up on this that we now have 35 trillion.
• 31:05
  We already have 3 billion. We're already working towards 36
• 31:08
  trillion. But we have $35 trillion in
• 31:11
  national debt. I mean unbelievable that M2
• 31:16
  money supplies growing like. Crazy we talked about.
• 31:19
  Over here 400. And $6, right, 406 paper dollars
• 31:24
  are being created for each one ounce of silver that's being
• 31:28
  produced. OK, what if you look at this one
• 31:33
  this. Is the five year.
• 31:34
  Average $1500 have been produced or, you know, created, whatever
• 31:40
  you want to call it, printed for each one ounce of silver.
• 31:43
  It's just getting absolutely crazy.
• 31:46
  Big Fed meaning big. Fed announcement on Wednesday.
• 31:49
  Could be a huge day for the silver and gold market.
• 31:53
  We know that China and India are taking over the precious metals
• 31:58
  world. I still say India's the precious
• 32:00
  metals capital of the world. China obviously produces and and
• 32:05
  imports more gold than anybody. Guys, it's going to be a fun
• 32:08
  ride. You know, it's a long term deal.
• 32:11
  I'll be here for you through it all.
• 32:12
  Thanks for being here this morning.
• 32:14
  OK. And I will see you soon.