Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 💥 SILVER INVESTOR 💥 Breaking PRECIOUS METALS Price Market Update!!... (China, Gold Price Too)

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💥 SILVER INVESTOR 💥 Breaking PRECIOUS METALS Price Market Update!!... (China, Gold Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Shocking movements in the gold and silver market.
• 0:02
  We have big major developments that we're going to talk about
• 0:06
  today. Some very interesting things are
• 0:08
  happening that will impact the price of your silver, of your
• 0:14
  gold, of your precious metals mining stocks.
• 0:17
  Thank you for being here. Thanks for being part of Ron's
• 0:19
  basement. Let's just dig right into some
• 0:22
  of these shocking numbers that we're getting, in particular in
• 0:26
  regards to our friend silver. Let's head out and see what the
• 0:29
  dude has to say. Not this time, not about not
• 0:33
  about how many paper electronic oz were traded in one day, but
• 0:39
  we're going to take a look right now.
• 0:40
  Read this guys. The total short position in the
• 0:44
  silver market is now 680 million oz.
• 0:49
  He asked this question that you and I may be asking at the same
• 0:53
  time. How did the banks cover, excuse
• 0:56
  me, when the physical is not there?
• 0:59
  Again, for those of you who don't understand, short position
• 1:04
  means someone has sold the silver out in the future.
• 1:08
  They've made a commitment to deliver silver out in the
• 1:11
  future. People do that, right?
• 1:14
  They sell something short because they think they can sell
• 1:17
  it now and deliver it later at a lower price.
• 1:22
  OK, now the big question here is where will the 680 million oz
• 1:27
  come from now? Of course, a lot of this has to
• 1:31
  do with just electronic paper trading, but the big question is
• 1:37
  what happens when the paper market breaks, when people
• 1:41
  actually demand delivery of their silver?
• 1:43
  And we're seeing countries like China.
• 1:45
  Wait till you hear later the news that we're getting out of
• 1:48
  China in regards to precious metals.
• 1:51
  But countries like China, India, the Middle East, right, they're
• 1:55
  starting to demand more and more delivery.
• 1:58
  They want the physical metal. We look almost every day at the
• 2:02
  Shanghai and we won't look at it today, but we do look at the
• 2:06
  Shanghai Gold Exchange, which is a physical market.
• 2:10
  The Chinese want the physical metal.
• 2:12
  And again, later on, I've got more data about China in their
• 2:16
  physical demand for silver and gold, which is really
• 2:20
  astounding. I mean, we have a lot, lot going
• 2:23
  on right now, but let's talk about what happened this week.
• 2:25
  I think Don Durrett put together an outstanding synopsis of what
• 2:31
  happened this week over really the last couple weeks in the
• 2:35
  gold and silver market. He runs a website called Gold
• 2:39
  Stock Data. So this is his Gold Stock Data
• 2:42
  Friday recap. So AU, well, hold on, make sure
• 2:47
  I got you on the right page, which I do.
• 2:50
  All right, here we go. AU, which is gold, right?
• 2:54
  It closed the week at 2561 dollars.
• 2:57
  It was almost at $2700 last week down down, down silver AG next
• 3:03
  in the line 31 from $31.25 down to $30.00.
• 3:09
  The Huey, which is the big index of I think it's the 12 or 16
• 3:13
  biggest gold miners in one week drop from 311 all the way down
• 3:18
  to 285. Guys, that's like a 8% decrease,
• 3:24
  something crazy like that. The dollar index, we're going to
• 3:27
  talk about that next. This is a complete joke and what
• 3:31
  everyone is attributing the as one of the main factors as to
• 3:35
  why the gold and silver price are going down.
• 3:39
  But it's a bunch of bunk and we'll look at that and we'll
• 3:42
  look why we also have great reason to be optimistic about
• 3:46
  gold and silver because of the dollar index, the DXY index,
• 3:51
  hey, the S&P 500, it actually took a little hit from about
• 3:54
  6000 down to about 5900. The 10 year bond, 4.4%, are you
• 4:00
  kidding me? OK, Anyway, we're, we got more
• 4:04
  to talk about in that as well. That could be a sign of massive
• 4:08
  trouble ahead for the US economy on many, many, many fronts.
• 4:14
  And the oil price down from $70.00 to $67.
• 4:18
  But Don said something later in this tweet that I want to read
• 4:21
  to you quickly because I think this show, this really sums up
• 4:25
  what's going on right now. Said today on CNBC halftime
• 4:28
  show. Jenny Harrington said that chaos
• 4:30
  is coming, is coming. He's right.
• 4:35
  Trump is going to have to deal with One Financial crisis after
• 4:39
  another. It might begin mildly in
• 4:41
  January, February, but I expect the chaos to pick up steam
• 4:45
  throughout the year. Will 2025 be the year of chaos?
• 4:50
  Will 2025, as we talked about, be the year of inflation?
• 4:55
  Because he says inflation and the debt bubble haven't caused
• 4:58
  any serious damage yet. But they will soon.
• 5:01
  Once they do, the fear trade will begin and gold will have
• 5:07
  the wind at its sails once again.
• 5:09
  Only then do we get $3000 gold, 35, or I'd say $40 silver, $50
• 5:15
  silver. The the mining stocks, the Huey
• 5:17
  index at 350. OK, I'm hoping we see it before
• 5:22
  June, but we are in weight mode once again.
• 5:26
  Until we get there, Accumulate cheap gold, silver and miners.
• 5:30
  This is likely your last chance. Guys, we're in.
• 5:34
  We're in consolidation mode right now.
• 5:37
  That's OK, that's OK. Nothing goes straight up.
• 5:42
  Remember the old charts we used to look at like a bull market?
• 5:45
  This is not just a straight line up.
• 5:48
  A bull market is a jagged line up and each of those Jags that
• 5:52
  go down like we're in right now is the bull trying to throw
• 5:57
  people off, throw off the weak hands.
• 6:00
  OK, is I review, OK, this is, and this is interesting, the
• 6:06
  gold miner ETF, OK, this is crazy.
• 6:10
  The GDX which measures the value of all the gold mining stocks,
• 6:15
  the big gold mining stocks is off 20% in the last three weeks.
• 6:22
  So what does that mean? What's the big what?
• 6:24
  Why do we care about that? We care about that because that
• 6:27
  shows us that sentiment in the gold miners, which also bleeds
• 6:32
  through to the physical gold market, to the physical silver
• 6:35
  market has been on about a bit of a downtrend.
• 6:39
  But guys, this is not a crash. This is not the end of the bull
• 6:44
  market. That is so important for us to
• 6:47
  remember. These things happen.
• 6:49
  Look at Newmont Mining. Do you own Newmont Mining?
• 6:52
  Newmont Mining is one of the biggest gold mining companies in
• 6:56
  the world. I was absolutely stunned to see
• 7:00
  this. This is a chart of Newmont
• 7:03
  Mining. We're going to get the crayons
• 7:04
  out for just one second. If you owned Newmont Mining.
• 7:10
  Hold on here. If you own Newmont Mining on
• 7:13
  October 22nd, so about 3 weeks ago, it was worth almost $60.00
• 7:20
  per share. All right, if you did own it,
• 7:23
  I'm sorry, right? Trust me, I have my own horror
• 7:25
  stories lately, one of which is IAD Gold.
• 7:28
  But nonetheless, right, three weeks ago, $60.00 per share,
• 7:33
  right here today, almost $40 per share.
• 7:37
  Now I'm rounding up a bit and rounding down a bit, but
• 7:40
  nonetheless, we're talking about at minimum a 30% decline in the
• 7:46
  price of Newmont Mining. This is like the blue chip stock
• 7:52
  of the gold mining sector. OK.
• 7:54
  So we are in a bit of a consolidate.
• 7:57
  I'm not going to call it a correction, a consolidation
• 7:59
  period. And we, when we look at these
• 8:02
  bigger picture factors that are impacting the silver price and
• 8:06
  gold price, right, we always want to take a step back.
• 8:09
  I was talking with Bald Guy Money last night and he's got a
• 8:12
  video coming out this weekend looking at the kind of I won't
• 8:14
  spoil it, one of the bigger picture factors, long time
• 8:18
  periods, broader perspective, right, opening our eyes a little
• 8:22
  more we're still in very good shape when we look at the silver
• 8:27
  market, the gold market and the precious metal mining stock
• 8:31
  market. Let's talk about the dollar
• 8:32
  index, OK, This is interesting this it's important we look at
• 8:37
  the dollar index because now it is regained.
• 8:40
  This status is having a lot of influence over the gold price
• 8:45
  and the silver price. But there's something very
• 8:47
  interesting, basement dwellers, very interesting that we can see
• 8:53
  in the dollar index. You know what's most interesting
• 8:55
  to me? You, right, this is a bunch of
• 8:58
  views and you have a name, you're important.
• 9:01
  It's a big deal. You're here.
• 9:02
  Thank you very much. Maybe we're a group, maybe we're
• 9:05
  basement dwellers, maybe we're a tribe, but I would like for you
• 9:10
  to please subscribe and give the video a thumbs up.
• 9:12
  Super chat, super thanks, PayPal donations never expected, always
• 9:16
  greatly appreciated. Let's go look at the dollar
• 9:18
  index and talk about why we right now, right now have reason
• 9:24
  to be optimistic. OK, The dollar index has
• 9:28
  absolutely. I don't want a one day chart.
• 9:30
  We want to look at Let's look at a one month chart of the dollar
• 9:33
  index. All right, let's look at a three
• 9:37
  month chart of the dollar index. And what we see here in the
• 9:42
  three month chart is oh, this is when Jerome Powell cut interest
• 9:46
  rates, which should have made the dollar go down.
• 9:48
  But instead we have had what is an epic worldwide record ish
• 9:53
  type rally in the DXY index in the dollar, OK, and that has
• 9:58
  pushed the price of silver and gold down.
• 10:01
  Now look, the dollar index is, is, is just comparing a bunch of
• 10:06
  cruddy currencies to each other. Compares the dollar, the yen,
• 10:09
  the euro. Those are the three main
• 10:11
  components. We don't really get that.
• 10:13
  It's like, it's like comparing the three best convicts in the
• 10:17
  jailhouse or however you want to say it, the best used car in the
• 10:20
  cruddiest used car lot in your town, The the the prettiest mare
• 10:25
  in the glue factory. There's many ways people have
• 10:27
  said it, but that's what it's doing.
• 10:29
  And in the long run, it doesn't really mean squat to the value
• 10:33
  of silver and gold in the short run.
• 10:35
  Right now it has. Now, what's interesting right,
• 10:37
  number one, this my friends, this has been an epic rally in
• 10:44
  the dollar from from 100 to one O 7.
• 10:47
  That in in terms of of the DXY, in terms of the value of the
• 10:51
  dollar has been unbelievable. But here's the exciting part.
• 10:55
  When we look at this, if we zoom out, OK, this goes all the way
• 11:01
  back to 1985. So that would be 40 years worth
• 11:05
  of data. We cannot, absolutely cannot a
• 11:10
  discount or ignore the fact that where we are right now.
• 11:15
  Oh my gosh, that didn't work. Hold on here, guys, having
• 11:19
  problems with my crayons this morning.
• 11:22
  OK, so where we are right now, which is about right here.
• 11:28
  OK, I want you to look at that chart.
• 11:30
  That's where the dollar index is right here.
• 11:33
  One O 6, one O 7. And if you notice something over
• 11:40
  the last 40 years, we've only been higher for a handful of
• 11:46
  years. What, maybe 3 or 4 years right
• 11:49
  after, right after the tech bubble burst.
• 11:51
  Now think about this, think about this.
• 11:54
  This is such great news for silver and gold investors
• 11:57
  because during this period right here, I'm going to change the
• 12:01
  color because we're going to talk about money, we're going to
• 12:04
  talk about green, OK? During this period right here,
• 12:09
  that's the only time right there really for any sustained period
• 12:14
  of time to the dollar index was any higher.
• 12:17
  But during this time period, I'm going to draw a line when the
• 12:20
  dollar went down, OK? This was the O1 2001 to 2011
• 12:26
  epic rally in the price of gold and silver.
• 12:30
  Silver, for instance, during this period went from $5 per oz
• 12:34
  to $50 per oz. And guys, we are back up there
• 12:39
  again, very near historic Nosebleed territory.
• 12:43
  So if we get a reversal and think about, think about what's
• 12:46
  coming in, look, Donald Trump wants a weak dollar.
• 12:52
  Donald Trump wants that dollar index to go down.
• 12:56
  We are in his. We are at historic high levels
• 12:59
  right now for the dollar. So as we move into the next four
• 13:03
  years, it is going to be exciting.
• 13:06
  Guys, the dollar really the dollar can't go much higher
• 13:10
  interest rates and cannot go much higher.
• 13:13
  We're going to we'll talk about that in a second.
• 13:15
  We're here, right? So much uncertainty.
• 13:17
  Hang in there. And then you know what, I have a
• 13:18
  bonus feature. We're going to talk about a
• 13:20
  chart that shows $350.00 silver, but there's so much uncertainty
• 13:26
  here. If Trump does 1/3 of what he
• 13:28
  talks about, we are in for some crazy, crazy times.
• 13:32
  We are in for a period like we just looked at when the dollar
• 13:36
  goes down, even the DXY, right? And, and kind of that nominal
• 13:40
  make believe fairy land comparison, but also in real
• 13:44
  terms and that's just as important.
• 13:47
  OK, Donald Trump calls himself the king of debt.
• 13:55
  OK, he can say anything that he wants, and I'm not making a
• 14:00
  political statement. I think you know how my
• 14:02
  political beliefs align. But he can say anything he
• 14:05
  wants. Elon Musk can say anything he
• 14:08
  wants right now, but it's a different story come January
• 14:12
  when they're in the White House with what's already a stock
• 14:15
  market. That said, bubble territory,
• 14:18
  think about that, right? They're going to need interest
• 14:21
  rates down. They're going to need the value
• 14:24
  of the dollar down, down, down. If we go back to this chart, I
• 14:28
  got to go. We got to go look at it one more
• 14:30
  time because guys, this this period again, let's go to green.
• 14:37
  I like green. Do you like green?
• 14:38
  Let's do orange. What the heck, There we go.
• 14:41
  We'll do light orange. Anyway, this period right here
• 14:45
  from around 2001 to 2011 could be very similar right to what we
• 14:53
  could be heading into right now over the next four or five
• 14:56
  years. And guys, again, that was
• 14:58
  explosive for the price of gold and silver.
• 15:03
  All right, that was the I'll say it again.
• 15:06
  That was the period where silver went from $5 to $50 per oz.
• 15:10
  OK, silver and gold are digesting everything right now
• 15:14
  and letting the dust settle. I think it's about settled.
• 15:17
  We might be in for another couple weeks.
• 15:19
  Maybe we get the 2500 now, who knows, But pull backs are
• 15:22
  normal. Let's look at what Jesse
• 15:24
  Colombo, right, one of the gurus of silver and gold, has
• 15:27
  something very interesting to remind you about the silver and
• 15:32
  gold market. We need to be reminded from time
• 15:35
  to time. And Jesse, Mr. Colombo wants to
• 15:38
  share this with you. And I think it hits the nail
• 15:41
  straight on the head. If I can find it, there it is.
• 15:47
  OK, here's what Jesse says. Got you on the right screen.
• 15:52
  There we are. Basement dwellers.
• 15:53
  Jesse Colombo. Many people fantasize about
• 15:57
  finding the next Apple stock or NVIDIA.
• 16:00
  Don't worry, guys. This is absolutely about gold
• 16:03
  and silver or Bitcoin, but they don't realize that there will be
• 16:07
  many pull backs along the way. This is important and we are in
• 16:11
  a pull back right now to keep in mind when investing in gold and
• 16:14
  silver, which will also be bull markets for the history books
• 16:20
  and any shows here. This is Apple stock, right?
• 16:24
  This is Apple stock from the year 2000 all the way through
• 16:27
  today. Look, it went from what, 14
• 16:30
  cents up to $220, right? Look, 61% pullback, 45 percent,
• 16:37
  34 percent, 34 percent, 32%. These pullbacks are normal.
• 16:42
  We've looked at charts, OK, We can actually do this
• 16:45
  consolidation that we're in right now.
• 16:48
  It's important for us, so important for us to remember
• 16:52
  they are healthy and normal, OK? What it does is it cleanses the
• 16:58
  gold price, cleanses the silver price.
• 17:00
  It's the bowl kicking off the weak hands.
• 17:03
  It what it does is builds a foundation of strong of
• 17:07
  generally strong holding investors who are going to ride
• 17:11
  the price higher and higher. Now, I could be wrong, right?
• 17:14
  Maybe we're not in the bull market.
• 17:15
  What do you think? Do you disagree with me?
• 17:17
  I know some of you do. That's OK, right?
• 17:20
  But me and I think most of other analysts firmly believe that for
• 17:25
  now we can confidently say that we are still in a bull market
• 17:29
  for the price of gold and silver.
• 17:32
  And the reason why we want to realize that pull backs are
• 17:35
  normal. The big reason why is because if
• 17:38
  you do in your heart, if you do with your mind, know that we are
• 17:43
  still in a bull market. You don't want to let your
• 17:46
  emotions override what your brain is telling you and maybe
• 17:52
  make a decision that won't work out for your best interest in
• 17:55
  the future. Now, if you want to get your
• 17:56
  hands on some silver, gold, or platinum group metals, if you
• 18:00
  think that we're still on a bull market, again, I'm not giving
• 18:03
  financial advice, but I will give you this advice.
• 18:08
  I believe that you would benefit from checking out channel
• 18:11
  sponsor Pimbex Pi MB EX. They're an online bullion
• 18:16
  dealer. They've got gold, silver,
• 18:19
  platinum, group metals, great selection.
• 18:22
  But to me there's two other things that are even more
• 18:24
  important. Number one, right, they have
• 18:26
  ultra competitive pricing. I, I always compare, right and,
• 18:30
  and I bought and I think 6 times over the last year and a half
• 18:34
  from pin backs. I always still compare.
• 18:36
  I always find their prices to be very much lower, let's say than
• 18:42
  most all the other and sometimes significantly lower than all the
• 18:46
  other big name brand, the companies that have around for
• 18:49
  decades online bullion dealers. So you get the the same product
• 18:53
  at a lower price. But what really is most
• 18:56
  important is it's a company you can trust.
• 18:58
  I've got a great relationship with the brothers.
• 19:00
  They're both Cpas, Mike and Brian that own the company.
• 19:04
  You can call them during the week, talk to them, right?
• 19:07
  They're great guys. They have a mission to get gold
• 19:09
  and silver as much as possible, but in a responsible manner in
• 19:14
  the hands of the stacking community.
• 19:16
  Thank you Pembex for sponsoring Ron's basement.
• 19:18
  Let's do an update. OK, look at that guys.
• 19:22
  That was the other day's price. 2568 for gold, $2568 silver.
• 19:28
  Man, we are fighting. For $30.00 in silver, we are
• 19:32
  fighting. We are in a war, in a battle to
• 19:35
  hold the $30 range and silver. Let's go take a look at $350.00
• 19:40
  silver. We've got a a chartist out there
• 19:45
  who's showing us that we could get to $350.00 silver.
• 19:48
  This is Dow gold equals 1. He says silver will look to hit
• 19:52
  its upper rail out of a massive cup and handle north of $350.00
• 19:58
  over the remainder of this decade.
• 20:03
  Wow. Let's pull this chart up and see
• 20:05
  what he's talking about. So what he shows here is this
• 20:09
  cup and handle, right that started 1980.
• 20:13
  OK, All right. And he's measuring this move,
• 20:18
  and as he measures it to over here, he's predicting that we
• 20:23
  could get this looks like $313.00, but I guess he's saying
• 20:26
  they could go even higher. Again, guys, here's the cup.
• 20:29
  For those of you who are new, this is called the Cup Cop from
• 20:35
  1980 through 2011 and handle when this breaks out, right?
• 20:41
  That's how we're getting to what this analyst is telling us could
• 20:45
  be $350.00 silver. Let's talk about China.
• 20:53
  Nobody wants to give China. I was listening to Ronnie
• 20:55
  Stoverly this morning, like talking about how China now in
• 20:59
  the East really is controlling the physical side of the metals
• 21:04
  market. And he said something very
• 21:06
  interesting and we're going to, we're going to dig into this
• 21:08
  with China. He said, you know, China and the
• 21:10
  East are controlling the physical side of the market.
• 21:13
  The West controls the volatility, the LBMA and the
• 21:19
  COMEX, right? The the Chinese and the Indians
• 21:23
  and the people in the Middle East, they control all the
• 21:25
  physical metal and all the volatility, all the wild price
• 21:29
  swings and both gold and silver, well, those come from the COMEX
• 21:33
  and the LBMA, The London Million Market Association in London,
• 21:37
  England, that's what we provide. They they control the physical
• 21:41
  metal. Let's listen to what the
• 21:42
  Shanghai Ghost at some interesting things to say about
• 21:49
  China and the gold market. He says China, listen to this.
• 21:53
  China is the largest producer of gold, the largest processor of
• 22:00
  silver and the largest importer and consumer of gold and silver.
• 22:09
  Do you think it's safe to say that they check all the boxes,
• 22:13
  right? Largest producer, largest
• 22:15
  processor of silver, largest importer and consumer of gold
• 22:20
  and silver. China has publicly stated its
• 22:24
  intention to have a say and pricing power over the gold and
• 22:29
  silver markets. This is a very reasonable
• 22:33
  request. OK?
• 22:35
  This guy down here, Jay Roburg says China does influence gold
• 22:39
  and silver through their advisors on Wall Street trading
• 22:42
  the COMEX. OK, Vince Lanchey had a video
• 22:45
  out. Is China, is China pricing
• 22:48
  influencing COMEX silver? Yes, it is, right.
• 22:51
  Because we know, as we talked about most everyday, we know,
• 22:56
  right, that on the Shanghai Gold Exchange, the physical market in
• 23:00
  China, the price of silver is typically somewhere between
• 23:04
  $2.00 per oz and $3 per oz higher.
• 23:10
  Why that's important, why that's important is because the
• 23:13
  Shanghai Gold Exchange where the silver price is so much higher,
• 23:18
  is a physical market. You can't trade anywhere near
• 23:23
  the extent that you can on the COMEX in the LBMA paper or
• 23:27
  electronic or Unicorn fart dust, whatever you want to call it,
• 23:31
  silver. Think about it, guys.
• 23:33
  That's the physical price. It's the real physical price,
• 23:36
  but it gets even more. This is stunning.
• 23:39
  We talk about Fort Knox, right? Do you believe that there's 8000
• 23:43
  metric tons of gold in Fort Knox in the United States?
• 23:48
  Many people, right? And it hasn't been audited for
• 23:50
  what, 50 years, 60 years, whatever it's been, Ron Paul
• 23:54
  called for being audited. Many people.
• 23:56
  And it's just you get met with crickets.
• 23:59
  They don't even reply. You know, we could call right
• 24:02
  now to Fort Knox. Can we come?
• 24:03
  It's your gold. If you're an American, it's my
• 24:06
  gold. But we can't see it.
• 24:08
  We can't even get pictures of it.
• 24:10
  We can't even get any type of confirmation that it's even
• 24:14
  there. The last time that we had any
• 24:15
  type of was Steve Mnuchkin, right when he was Treasury
• 24:19
  Secretary under under Donald Trump's previous administration.
• 24:24
  Mnuchkin went there and that guy bugged me.
• 24:27
  He's an ex Goldman Sachs guy and he tweeted a picture of him and
• 24:30
  his his attractive wife saying it's all here or something very
• 24:35
  brief like I saw the gold or blah blah blah.
• 24:38
  So we think we're told there's 8000 ounces of gold in Fort
• 24:42
  Knox. Wait till you hear this about
• 24:44
  China and gold. This.
• 24:46
  I was shocked to learn this again from our friend the
• 24:54
  Oriental Ghost. He says even based on surface
• 24:58
  data, the Fed's gold reserves are only the reserve of 2 1/2
• 25:04
  companies in China. So that $8000 in gold reserves
• 25:08
  is only equal to 2 1/2 companies in China.
• 25:11
  But listen to this China Hang Tong Precious Metals.
• 25:16
  That's a Chinese company. China Hang Tong inventory
• 25:20
  includes 3000 tons of gold and 10,000 10,000 tons of silver.
• 25:30
  Well, well, we love silver. We know that right up to me.
• 25:33
  It's actually my more favorite quote UN quote metal, although I
• 25:36
  also love gold, but we're going to focus on this gold guys.
• 25:40
  One company in China has 3000 tons of gold.
• 25:47
  Are you kidding me? One Chinese company that
• 25:51
  doesn't, that's one Chinese company that's 40 something
• 25:56
  percent of all the gold held by the United States at Fort Knox.
• 26:03
  Supposedly held. It's a very interesting China,
• 26:07
  absolutely. Because the West here, this is
• 26:10
  what we say. The West smugly overestimates
• 26:12
  the United States. The Europeans are very smug, and
• 26:16
  they overestimate their importance in the gold market.
• 26:19
  The East is taking over. OK?
• 26:22
  We live in our own little bubble, our own little echo
• 26:25
  chamber. Even this most recent massive
• 26:27
  run up in the gold and silver price.
• 26:30
  I mean, remember, I mean, guys, a year ago gold was under 2000,
• 26:34
  Silver was like 22 bucks. We had like a massive rally.
• 26:38
  They didn't talk about it on CNBC.
• 26:41
  Think about this. What's the reason why I was
• 26:43
  watching CNBC for like 6 minutes is about all I can stand.
• 26:47
  Yesterday at lunch. What was I eating for lunch
• 26:50
  yesterday? Forget what, Susie.
• 26:51
  Oh, chicken fried rice. You don't care about that
• 26:54
  anyway. I'm watching CNBC the entire
• 26:57
  time I'm watching CNBC, right with my heat, my fingers in my
• 27:03
  ears. They had Bitcoin up on the
• 27:07
  screen and the price of Bitcoin the entire time.
• 27:11
  Not once did they show the gold and silver price.
• 27:15
  Now, let me remind you of something, all right?
• 27:17
  Let me remind you why is this important?
• 27:19
  This is very important to us as gold and silver investors.
• 27:22
  The total market cap of Bitcoin is like 10% of the entire market
• 27:28
  cap of gold. OK, but the entire time they're
• 27:33
  showing Bitcoin, the mainstream media is trying to brainwash
• 27:37
  Westerners. They can't do it in China.
• 27:40
  Sorry, can't do it in India. Oh no, but they can do it in the
• 27:45
  West. They're trying to brainwash
• 27:47
  Westerners to buy Bitcoin. That's what I believe.
• 27:50
  I mean, everybody talks about it.
• 27:52
  Fidelity Investments. I mean, you know anyway and I'm
• 27:55
  not anti Bitcoin, but what I'm saying is in the West it's been
• 27:59
  the West did not participate in the big run up in the gold
• 28:03
  price. It was caused by the East.
• 28:06
  We barely have seen upticks in ETF mine.
• 28:10
  When they do wake up. OK when they do wake up.
• 28:15
  This is why it's important to you as a gold investor and a
• 28:17
  silver investor when more Costco dads are created.
• 28:21
  The Costco dads are the people that have been buying gold bars
• 28:24
  and silver from Costco. Don't worry, they'll wake up and
• 28:27
  start buying from a specialist. They'll buy their toilet paper
• 28:31
  and their pancake mix at Costco. They'll buy their gold and
• 28:34
  silver from a specialist company.
• 28:36
  Right? One of which is channel
• 28:38
  sponsored pen backs. I digress.
• 28:40
  When they do start that in mass, that's when in the West we could
• 28:45
  see, I mean the silver price in particular I'm reading these,
• 28:48
  this data investment demand for silver is, I mean, we are, we're
• 28:53
  like a shrinking group of people.
• 28:55
  We're growing. It's weird.
• 28:56
  In one rig, we got 600 people here in the basement this
• 28:59
  morning. But statistically, investment
• 29:03
  demanded, the silver is not. But guess what?
• 29:05
  There's a big reason why you and me, Kumbaya, we can be happy
• 29:10
  about that, right? Envision us now.
• 29:13
  We're all sitting around the campfire together here, basement
• 29:16
  dwellers, right? Remember, you're part of this
• 29:18
  group and we're and we're that we're at the silver and gold
• 29:21
  summer camp, right? The reason why we can be so
• 29:26
  grateful, actually excited, excited about the fact that
• 29:33
  investment demand in the West for silver is in the toilet.
• 29:38
  That's how some people that I'm related to in Saint Louis say
• 29:40
  toilet, toilet in the toilet. The reason why we can be so
• 29:46
  excited about that is because it creates a situation where the
• 29:51
  opportunity for improvement is astounding.
• 29:55
  And and as we've got all this opportunity for improvement in
• 30:01
  investor demand, OK, that's all coming to a head at a time when
• 30:07
  we still have $30 silver. We aren't sitting here right now
• 30:11
  saying, oh God, I can't do it anymore.
• 30:14
  I'm sorry, guys, I just, I can't do it anymore.
• 30:17
  I don't know. I don't know what's happening.
• 30:22
  You know, the silver price, $18.00 per oz.
• 30:26
  Nobody's buying silver. Nobody's watching these YouTube
• 30:29
  videos. I do anymore.
• 30:31
  I mean, I just, I'm ready to give up, right?
• 30:33
  We're not, we're not in that situation.
• 30:37
  We're not, no, not, you know, we, we've got low investor
• 30:42
  demand for silver. But guess what, Buttercup?
• 30:46
  We got a huge demand coming from the East, from places like China
• 30:50
  in India, OK, and double, triple bonus because we like those we
• 30:56
  already have measured in paper Unicorn fart dust dollars.
• 31:03
  There it is, made its daily appearance.
• 31:05
  We've already got oops, $30 per oz silver.
• 31:09
  Look at that. I just bumped my I keep a couple
• 31:12
  of pieces of silver at home. I bumped my elbow into this.
• 31:15
  OK. I guess it's telling me it wants
• 31:17
  to make an appearance anyway, and it hurt because this is
• 31:22
  heavy. You ever pick up one of these?
• 31:23
  That's a tube of silver. I think it's 10/2 ounce, right?
• 31:28
  You ever pick up one of these? Look at that sucker.
• 31:34
  Look at that, look at that. That's from Big Jim, OK?
• 31:40
  That's silver. So we're in this position where
• 31:43
  we got unbelievable opportunity for improvement.
• 31:48
  OK, All right. It's like, it's like me, I'm a
• 31:51
  big, I'm jumbo right now. I weigh 235 lbs, right?
• 31:54
  I got big opportunity. You know, the first, losing the
• 31:57
  1st 10 or 20 lbs is going to be easy if I decide to lose weight,
• 32:02
  which I probably won't. But if I did, the first 10 lbs
• 32:05
  is going to be a lot easier than the second 10 lbs.
• 32:10
  And that's just like the situation that silver's in right
• 32:13
  now, right? It's got massive opportunity for
• 32:17
  improvement. All right, guys, interesting.
• 32:19
  This is interesting. Let's go.
• 32:21
  Did I pull it up, though? I don't think I did.
• 32:24
  Darn it. Hold on here.
• 32:25
  Hold on. You guys watch me struggle and I
• 32:29
  am going to pull something up that we need to look at.
• 32:32
  Where did it go? Darn it, here it is.
• 32:35
  Can't believe I forgot to pull this up.
• 32:37
  Hopefully you guys are we still alive?
• 32:39
  Hopefully you guys can hear me and see me.
• 32:41
  All right. Oh, this is this is killer.
• 32:43
  All right, here we go. We're going to go over here.
• 32:47
  I thought this is how many bars of gold does one Bitcoin buy?
• 32:52
  Want to talk about volatility? OK, shoot, hold on.
• 32:56
  I'm going to make this smaller for you.
• 32:58
  Boop, boop. That's too.
• 33:03
  That's too small. Anyway, that yellow line
• 33:07
  represents how many is this the Bitcoin to gold ratio?
• 33:13
  How many bars of gold does one Bitcoin buy?
• 33:16
  You can see here at one point, see if I can pull it down a
• 33:19
  little bit. There we go.
• 33:22
  This is just in what the. Last 8-10 years, one point it
• 33:25
  would buy 15 bars, then it went all the way down to two, then
• 33:31
  it's skyrocketed all the way up to 37.
• 33:35
  OK then it plummeted all the way down to 9.1 and now it's back up
• 33:41
  to 35. Obviously bitcoins been on a
• 33:43
  roll, but I would say, and I've heard somebody say this the
• 33:48
  other day as a reserve currency, as a, as a reserve asset, Let's
• 33:54
  just say that Bitcoin has been very, very volatile, right?
• 33:58
  Gold doesn't make these crazy moves like Bitcoin does.
• 34:02
  And nothing against Bitcoin, right?
• 34:04
  Bitcoin, crypto people and US silver and gold people, we're
• 34:08
  like, we're like twins that some of which hate each other, right?
• 34:13
  I mean, like we, we believe in a lot of the same things and I
• 34:16
  think it's important for us to remember that, right?
• 34:19
  A lot. We understand the, the, the
• 34:21
  downfalls of the Fiat money system.
• 34:23
  We understand, right? The only thing that some Bitcoin
• 34:27
  and some gold people don't agree on is how they're protecting
• 34:30
  themselves. But that chart I thought was
• 34:33
  fascinating to show just how crazy that that ratio has moved
• 34:40
  over over the last seven or eight years.
• 34:42
  I got the big secret I'm going to share with you next.
• 34:45
  Let's all have a quick sip of coffee.
• 34:47
  Thank you guys for being here. I'll be right back.
• 34:56
  OK, This is a secret. This is what will drive the
• 35:01
  price of gold and silver into 2025.
• 35:05
  There's absolutely all the smartest people, all the
• 35:09
  smartest analysts are saying the same thing, OK.
• 35:13
  But then there's another component that I'm only hearing
• 35:15
  about half of them talk about. They could really move the price
• 35:18
  of silver and gold much higher. But everybody's talking about
• 35:22
  this incoming massive, massive wave of inflation.
• 35:26
  It's a little secret. The Fed is here's, here's the
• 35:30
  secret that I'm going to explain to you why it's why it is and
• 35:34
  why it's so important, The reasons why and especially how
• 35:38
  it will impact the gold and silver price.
• 35:41
  Guys, the Fed needs inflation. They're going to, they're going
• 35:45
  to, they're going to, they're going to talk one thing, right?
• 35:47
  He's going to say one thing. But the reality is the only
• 35:51
  solution to the situation we're in right now is higher
• 35:55
  inflation, OK? And inflation, remember, is
• 35:59
  always good for gold and silver. Forget about old Fred monetary
• 36:03
  policy and ma ma ma. No, inflation is always, always
• 36:08
  good for gold and silver. Right now they're playing a big
• 36:12
  game of smoke and mirrors. There's no other way to talk
• 36:16
  about it. This guy, Hold on a second.
• 36:21
  Here see this what's. Coming out of there, this guy is
• 36:27
  full of it. He is full of it.
• 36:30
  I said it. That's all I said, right?
• 36:33
  He needs to do this Print, print, print.
• 36:38
  OK, Print, print, print, print, print toilet paper, right.
• 36:42
  Basically. Now I'm explaining to you why
• 36:47
  that Absolutely. Look at that.
• 36:53
  Thank you to our friend Don. Indris from the basement for
• 36:56
  providing us with that prop. OK, think about what happened
• 37:01
  recently, six weeks ago, 8 weeks ago, seven weeks ago the Fed cut
• 37:05
  interest rates by 1/2 percentage point.
• 37:08
  What happened since then? OK, the 10 year bond yield is up
• 37:12
  by what .8 Almost a full percent since the Fed cut rates.
• 37:17
  OK mortgage rates, did you know this mortgage rates are up by 1%
• 37:24
  since the Fed cut rates? OK, now remember the residential
• 37:31
  real estate market is needs lower interest rates to avoid a
• 37:35
  crash. We are.
• 37:37
  I don't know about you, but in my neighborhood, there's a house
• 37:39
  up around the corner. Just went on the market.
• 37:42
  Like, I don't know, three weeks ago.
• 37:44
  It's still for sale. There's still a sign.
• 37:46
  They say that Saint Louis, which I think it's a really bad sign
• 37:49
  for the real estate market. Really bad sign that Saint
• 37:52
  Louis, where I live here is one of the strongest real estate
• 37:56
  markets in the country. That, my friends, I'm telling
• 37:58
  you is a bad sign. OK, No offense, Saint Louis, we
• 38:03
  know that in Florida, Orlando, there's like 60% more houses on
• 38:07
  the market right now than there was a year ago.
• 38:11
  The real estate market is slowing down.
• 38:13
  The real estate market needs lower interest rates and
• 38:16
  mortgage rates are up a percent since the Fed cut rates.
• 38:19
  OK, the commercial real estate market extend and pretend,
• 38:23
  right? We've got a crash potentially
• 38:25
  coming to the banking sector because of the commercial real
• 38:28
  estate, the loans that they made.
• 38:31
  They need lower rates, OK, the federal government needs lower
• 38:36
  rates. Let me let me show you why
• 38:38
  visually, OK, the the Fed needs massive inflation and massive
• 38:44
  inflation will prove it's a super huge tailwind for this
• 38:49
  price of gold and silver. But let's go do our daily trip
• 38:53
  out to the debt clock just to make sure nothing's changed.
• 38:55
  Nope. As we celebrated yesterday, here
• 38:58
  we see guys, $36 trillion in debt.
• 39:03
  Now that creates this interest expense on debt, which right now
• 39:09
  is about 1 trillion. So they're effectively paying
• 39:13
  about a 3% interest rate on this, but it's creating an
• 39:17
  expense of $1 trillion. Now realize, right, that's 20%
• 39:25
  of this, which is all the money that the government brings in,
• 39:28
  $0.20 of every dollar that you pay in taxes is going to
• 39:33
  interest expense, OK, Money that your government blew in the
• 39:38
  past. That means every time you write
• 39:40
  a check to the Internal Revenue Service for let's say you write
• 39:43
  them a check for $10,000, two thousand of that doesn't even go
• 39:48
  to your benefit, all right? Not that any of it would anyway.
• 39:51
  But 2000 of that just goes to pay interest on the debt.
• 39:55
  But is interest rates go up, right?
• 39:57
  This is about an effective rate of what about 3%, right?
• 40:02
  Let's say that rate goes up to 6%.
• 40:05
  Right, that double s, OK, that double s, but it gets even more
• 40:09
  interesting. And of course that feeds into
• 40:11
  the budget deficit, right? Half of this, the two trillion
• 40:16
  budget deficit is interest as we talked about ad nauseam, that
• 40:20
  creates a debt spiral. OK, but but the big key thing to
• 40:26
  remember here with the with the, with the Fed and, and what they
• 40:30
  need, they don't they, they don't really need to have just a
• 40:34
  quote UN quote low interest rate.
• 40:36
  What they really need is for the inflation rate to be higher than
• 40:42
  the interest rate. Many of you know that's referred
• 40:45
  to as negative real interest rates.
• 40:48
  They need negative real interest rates for any chance for the US
• 40:53
  government fiscally, monetarily to survive negative real
• 40:57
  interest rates. They they've got that's the
• 40:59
  smoke and mirrors. He may talk about all we need to
• 41:02
  lower rates and we were fight we're fighting inflation BSBS.
• 41:08
  The only way that this system continues for any period of time
• 41:14
  and don't you worry, we're going to go look at the silver to
• 41:16
  dollar to silver ratio. The only way this system right
• 41:20
  this this debt spiral can continue and it won't even be
• 41:24
  able to continue forever is by them having skyrocketing
• 41:28
  inflation. And how are they going to get
• 41:30
  higher inflation? They're going to continue to
• 41:32
  print money. Let's go down here and look at
• 41:35
  this. The USM 2 money supply, which
• 41:39
  continues to skyrocket, right? The M2 money supply is all the
• 41:44
  money that's in bank accounts, money market accounts, checking
• 41:47
  account and you know, whatever. It's like the money that's out
• 41:50
  there in the economy. I think it includes cash.
• 41:52
  You can Google M2 money. That's just basically all the
• 41:55
  the real hard money and even electronic money that's out
• 41:58
  there and bank accounts and things like that.
• 42:00
  They're going to create more and more and more of this, OK, Which
• 42:05
  when they create money, right, that is inflation.
• 42:09
  There's no other way around it. When the government is
• 42:13
  dependent, right, on having to subsidize this, the budget
• 42:18
  deficit with printed money, OK, because the taxes won't cover
• 42:23
  it. The federal tax revenue of 5
• 42:25
  trillion doesn't cover what they're spending, OK?
• 42:29
  That part right there is called inflation.
• 42:33
  No, no other way to describe it. Now let's go.
• 42:35
  Oh, Betsy, hold on to your boots, basement dwellers.
• 42:40
  Here's the dollar to silver ratio.
• 42:43
  Woof. I think we're gonna maybe gonna
• 42:44
  have a little party tomorrow. Maybe I'll check it later
• 42:48
  tonight, see if we get to 1000, we'll have a special live
• 42:50
  stream. But the dollar to silver ratio,
• 42:52
  which is a Ron Ron's basement exclusive that we're, Oh my God,
• 42:58
  did you see that guys? The dollar to silver.
• 43:01
  Hold on, make sure I got you on the right screen.
• 43:03
  Thank, thank you. I do.
• 43:06
  As we were live. It just went from 998 to 999.
• 43:12
  Unbelievable. Yes, that means this is our last
• 43:18
  day our our our fading moments to enjoy the fact that right now
• 43:23
  for each one ounce of silver, what that number indicates is
• 43:25
  that for each one ounce of silver that's being produced by
• 43:27
  the mining companies throughout the entire world this year, for
• 43:31
  each one ounce of silver, there are 999 paper dollars being
• 43:38
  created. And what a unique.
• 43:41
  Experience for us to actually get to watch money be printed
• 43:45
  right before our eyes as this number switched from 999 all the
• 43:50
  way up to 1000. Let's go update our spreadsheet
• 43:53
  because guys, less than a month ago we were at 729 and today,
• 44:01
  which is the 16th of somebody pointed out to me, I had I had
• 44:06
  the wrong date the other day of November.
• 44:10
  Wow, here we go. Last time we're going to go to
• 44:14
  quad, quad digits. OK, there we are.
• 44:19
  Welcome, welcome, welcome. To the United States.
• 44:25
  Right now let's just run down, oh look at that, the paper to
• 44:28
  silver ratio, which measures the amount of paper silver traded
• 44:33
  electronic on the comex the LBMA to each one ounce of silver is
• 44:38
  now breached the 410 level. Wow, the paper to gold ratio,
• 44:43
  132 ounces of of paper gold for each one ounce of real gold,
• 44:51
  410, right, paper ounces of silver for each one real ounce
• 44:56
  of silver. Wow.
• 44:58
  It is just absolutely incredible what is happening right before
• 45:03
  our very eyes and our country right now.
• 45:06
  Really a sad, sad, sad situation.
• 45:08
  There was something else I wanted to show you here guys,
• 45:11
  let's go down. Here's our total debt.
• 45:13
  Here's here's our unfunded liabilities in the United
• 45:17
  States, 102 trillion. That's our total debt, $102
• 45:22
  trillion. Personal debt in the United.
• 45:26
  States, right, Personal debt per per citizen, $76,000 OK savings
• 45:35
  per family. We live in a almost, I mean,
• 45:37
  there's no other way to say it. It's like a slave labor
• 45:39
  environment here, $10,000 student loan debt almost $2
• 45:44
  trillion. Wow, unbelievable.
• 45:48
  Unbelievable. And again, the M2 money supply
• 45:52
  now over 20 / 2220. Oh look at this down below.
• 45:58
  The USM 2 money supply in the year 2000 was under $5 trillion.
• 46:05
  Wow, less than 2024% in the year 2000.
• 46:11
  That was not that long ago. It is getting out of control in
• 46:15
  this country. The only way they're going to
• 46:17
  get through it is, is to is, is to print money.
• 46:20
  OK, Because think about this. They're either going to do it in
• 46:23
  slow motion. We have 36 trillion.
• 46:26
  I want you to think about put your thinking cap on for one
• 46:28
  second. As a silver and gold investor,
• 46:30
  it's important that we understand this.
• 46:32
  We have $36 trillion in debt right now.
• 46:35
  The only way they can keep that system going is by printing
• 46:39
  money, OK? If tomorrow they said, you know
• 46:43
  what? We're going to pay the national
• 46:44
  debt off, OK? And the Fed printed $36 trillion
• 46:49
  and bought all the debt. They could pay it off, right?
• 46:53
  They could buy all the US debt, 36 trillion.
• 46:55
  But you know what would happen? Massive inflation.
• 46:59
  Like immediately everything would double, triple, quadruple
• 47:02
  in price if they did that. If tomorrow the Fed just printed
• 47:06
  $36 trillion and bought all the debt instead of doing it in one
• 47:12
  day, they're just going to do it over the next decade, maybe 15
• 47:16
  years, maybe five years, who knows.
• 47:18
  But essentially they're just going to do it in slow motion.
• 47:21
  It's like the average American is like a like what they that
• 47:25
  example they use with a frog being boiled in a pot of water,
• 47:28
  like the slow erosion. Why do we even have to have
• 47:33
  inflation? Judy Shelton brings that up.
• 47:36
  I mean, why do we? Why is it that you can go out,
• 47:39
  think about this, that you can go out and work.
• 47:42
  You can go work today, do 4 hours of, I don't know, trimming
• 47:45
  your neighbor's bushes, whatever, right?
• 47:47
  Or whatever you used to do in your younger years.
• 47:51
  Go out and work. Earn this, right?
• 47:54
  We get paid. Most Americans get paid with
• 47:56
  this. Look, trust me, if you can get
• 47:58
  somebody to pay you with these, that's a much better deal,
• 48:02
  right? But you work 4 hours for $35.00
• 48:07
  an hour, OK? You either get four of these,
• 48:10
  OK, Or you get 35 of these. Why then if you did the work,
• 48:18
  you, you, you, you deserve that value.
• 48:21
  Why then do these? And you maybe you don't want to
• 48:23
  spend, what is it, the $140.00 that your neighbor pays you?
• 48:27
  You want to hold on to it for two years?
• 48:30
  Why in two years should that $140.00 lose 5/10/15?
• 48:35
  Who knows, maybe even 20% of its value.
• 48:38
  Does that make sense? While the banksters and the
• 48:42
  ultra wealthy, the top 1%, right?
• 48:45
  They just get richer and richer and richer off Unicorn fart.
• 48:48
  Does paper dollars on Wall Street?
• 48:51
  Does that make sense? Does that, does that sound like
• 48:53
  a fair and a fair and equitable system?
• 48:57
  No, no, it doesn't. But I promised you an even
• 49:01
  bigger component, right? Inflation is coming. the Fed
• 49:05
  that we looked at, the debt clock, we know it's all
• 49:07
  happening. Guys, don't get mad at me, OK?
• 49:12
  I don't really. I don't want you to get mad at
• 49:13
  me because maybe you've heard this before, but we need to hear
• 49:17
  it again because there is a growing chorus of the smartest
• 49:22
  analyst that are calling for this and this is, this is the
• 49:27
  promised land. OK?
• 49:29
  You will be startled as a silver and gold investor what this
• 49:33
  could mean for us. You'll be shaken, your jaw will
• 49:36
  drop. OK, when this occurs, and it
• 49:40
  very likely that it will occur, I don't have a crystal ball, but
• 49:43
  I believe my truth is this will occur in the next 4 years, ten
• 49:50
  years down the road, OK, as we have this massive inflation,
• 49:54
  which alone alone, but there's a bonus, but alone the massive
• 49:59
  inflation will be good. Gold and silver always keep up
• 50:04
  with inflation. That's like gravity, that's like
• 50:07
  the, that's like, that's like the sun rotating whatever
• 50:11
  orbiting around the sun. Gold and silver always keep up
• 50:15
  with inflation. But wait, there's more.
• 50:18
  OK. Because when the, when the
• 50:20
  natural order kind of rearranges and, and takes an accounting for
• 50:25
  the gross manipulation and perversion that's been subjected
• 50:31
  to the silver and gold price, it does it through something called
• 50:34
  stagflation. And that's not just inflation,
• 50:39
  but. That's coupled with a.
• 50:41
  Stagnant economy and guys, we're headed there.
• 50:45
  Right now we're headed there. There's no other way around it
• 50:50
  from any factor that you look at my opinion, right, we've got the
• 50:54
  inflation and the inflation will mathematically almost a
• 50:58
  certainty will continue. We have the stagnating economy
• 51:03
  and it's coming quicker and quicker and quicker right before
• 51:06
  our eyes. Now look, stagflation is is the
• 51:13
  Jerome, this guy that is his worst nightmare.
• 51:17
  Welcome to your nightmare, Jerome.
• 51:20
  He's going to be like, you know, he's going to be like, like Mr.
• 51:23
  Trump, President Trump, you don't have to fire me.
• 51:26
  I quit. He'd be smart to do.
• 51:31
  That actually, you know what? Here's my prediction here.
• 51:34
  Here's my prediction. What's his name?
• 51:37
  Gomer Pyle. Is that Gomer?
• 51:39
  Is that Gomer Pyle? No, it's Jerome Powell.
• 51:42
  Surprise, surprise, surprise. Sergeant Trump.
• 51:44
  I quit, right? That he is going to quit within
• 51:48
  the next year. His terms not up until I think
• 51:51
  early 2026. He's going to quit.
• 51:54
  He sees the freight train coming.
• 51:56
  The freight train that isn't stagflation and there's nothing
• 52:00
  they can do. Mother Nature has taken over
• 52:05
  Mother Nature and you can equate this up.
• 52:09
  She's upside down. We want to be respectful this
• 52:12
  with Mother Nature, right, Silver?
• 52:15
  Someone's got some nice toning on it.
• 52:17
  I want you to pick up a piece of that, OK, because when you have
• 52:22
  a when you have an, when you have a stagnant, a recession or
• 52:25
  a depression, guess what Gomer Pyle's got to do Drone Powell in
• 52:28
  the Federal Reserve to fix that. They got to cut rates.
• 52:32
  But think about it, OK, the economy is crashing, the economy
• 52:35
  slowing down. They got to cut rates.
• 52:37
  They got to cut rates. They got to they got to easy
• 52:40
  money policy. But remember, the other
• 52:42
  component of stagflation is inflation.
• 52:44
  So you you already have high inflation and you already have a
• 52:48
  cruddy economy. So if you start cutting rates to
• 52:51
  try to stimulate the economy, this already high inflation
• 52:56
  turns into hyperinflation. Well, then you got to run over
• 52:59
  here and say, well, we got to deal with the hyperinflation.
• 53:02
  We got to raise rates. We had to raise rates.
• 53:04
  Well, when you do that, that makes the already cruddy economy
• 53:08
  even worse. Well, then you run over there
• 53:10
  and say, well, the economy is even worse now we're in the
• 53:12
  depression. Well, then we got a, we got a
• 53:15
  more easy money policy. Well, that makes that inflation
• 53:18
  go higher and higher. He's in a box.
• 53:21
  He's in a box. I forgot to show you that.
• 53:22
  Hold on one last time, Jerome. Hold on.
• 53:27
  Let's get his toilet paper out. The reason why I put him in the
• 53:31
  box is because of this, right? We've been talking about this
• 53:35
  for a while. He's got a recession on one side
• 53:38
  and inflation on another, right? And the only thing the solution
• 53:44
  right is not that is putting this magic pill right.
• 53:49
  Silver. Gold into the box, right with
• 53:52
  the toilet paper money and that it's violent.
• 53:55
  It starts shaking. That's really the only way, and
• 53:58
  it's the most unbelievable. I know you're getting mad at.
• 54:03
  Me, I understand Susie gets mad at me.
• 54:05
  I'm around the repeater, but these are key things we need to
• 54:09
  remember. When we had stagflation during
• 54:12
  the 1970s, silver went from what, like $1.50 to $50 per oz?
• 54:19
  I mean, gold went up like, I don't know, 17 times something
• 54:22
  crazy in value, right? That's what we're headed for.
• 54:26
  That's the reality of our situation.
• 54:29
  OK, I want to say thank you to channel sponsor first mining
• 54:32
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• 54:33
  some gold in the ground in Canada, they have two multi
• 54:36
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• 54:40
  in Quebec and the spring pole project in Ontario.
• 54:43
  And of course, channel sponsor force Fortuna Mining.
• 54:47
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• 54:56
  sector. They just reported great third
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  quarter earnings. You can learn more about them at
• 55:00
  Fortuna mining.com. And don't forget guys, if you're
• 55:03
  in the mood, if you find yourself in the mood, right to
• 55:07
  buy some silver, gold or platinum group metals, this
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  company that sponsors the basement pin backs, they really
• 55:13
  do check all the boxes. Great prices, great selection, a
• 55:16
  company you can trust. Oh, and don't forget, where is
• 55:19
  it? I moved a little closer if
• 55:21
  you're looking for a present. All right, let me show you this
• 55:24
  real quick. Those of you who are interested
• 55:26
  and we're doing a giveaway of a Dirty Man Safe on December 30th.
• 55:31
  There's a link in the description of this video where
• 55:34
  you can go and learn about how to enter the giveaway.
• 55:39
  But I've got a Dirty man, Dirty Man safe hanging right there.
• 55:45
  You can see it. This is their smaller one, The
• 55:47
  Dirty Girl. OK, these things are cool.
• 55:50
  I'm telling you, you get to be a pirate.
• 55:54
  You know, bury something. In your backyard.
• 55:56
  I'm not going to ask what you're burying in your backyard.
• 55:59
  That's up to you. But this thing, I was shocked,
• 56:01
  you know, I thought, oh, you had some, you know, some when this
• 56:05
  when these showed up and I checked them out, I was like
• 56:08
  really, really cool. Super cool, actually.
• 56:11
  You unscrew the bottom and then you can put anything you want in
• 56:14
  there. I happen to have, right the
• 56:16
  little Unicorn, right. But I think you could put silver
• 56:20
  in here. You know, whatever your whatever
• 56:22
  you want and you can bury it in your yard.
• 56:25
  Let me show you how it works real quickly.
• 56:28
  You dig a little hole, you put this tube down there.
• 56:31
  OK. Then you put this inside here.
• 56:35
  There's a cap on top. Let's just do the whole thing.
• 56:40
  Oh, boy, it's getting ugly. Here we go, Cap that goes on
• 56:45
  top, right? See.
• 56:47
  So your dirty man safe is in there and then this is all
• 56:50
  stainless steel. Actually really darn cool with a
• 56:54
  handle. You put that on there and then
• 56:57
  you fill it over with dirt on top.
• 56:59
  Then maybe you put a spare set of keys in there.
• 57:01
  I don't know whatever. But when you want to dig it up,
• 57:05
  you dig it up, right? You pull this and it comes up
• 57:09
  like that, right? You take the the white lid off,
• 57:12
  unscrew it and you get whatever's inside.
• 57:15
  You know, I think it's really a number one, it's a cool product.
• 57:18
  But what I hadn't thought about is, you know, people that keep,
• 57:22
  I don't keep any metals here at the house, very little.
• 57:25
  But you know, people that have safes, I don't have them safe,
• 57:28
  but people that have safes, you know, I don't know, to me it's a
• 57:32
  pretty good idea to bury it in the backyard.
• 57:35
  Plus it's protected from flood, fire, whatever the case may be.
• 57:39
  Anyhow, you can check them out. Oh, here, let me show you.
• 57:42
  Let me show you this slides and there it is.
• 57:49
  I got some pictures there. There's a code 10% off Ron 10.
• 57:54
  I think it's a great Christmas idea.
• 57:56
  If you got somebody that likes to stack silver and gold, hey,
• 57:59
  why not, you know, to buy them. It's a cool, it's a cool thing
• 58:03
  and it comes with some other little products as well.
• 58:05
  But anyway, Ron 10 and here's the pictures.
• 58:08
  There it is. I just showed you that Say you
• 58:10
  dig a hole, OK, put that tube down the hole.
• 58:14
  Then you lower your dirty man safe in there and then you put
• 58:17
  the white cap on top with the handle and you cover it up and
• 58:21
  then you pull it up out of the ground like that.
• 58:24
  OK, It's got a 10 year warranty. Whatever.
• 58:26
  OK. All right, guys.
• 58:27
  Hey, thank you for being here. You've had enough of me for one
• 58:30
  day. I've not had enough of you.
• 58:31
  It's a big deal when you join me.
• 58:33
  Thank you for being here. Thanks for your support.
• 58:36
  Thanks for all the Super chats, PayPal donations.
• 58:39
  But most importantly, most importantly, thank you for being
• 58:42
  part of the basement. I hope you feel like you found a
• 58:45
  little refuge of the home away from home.
• 58:47
  Have a great day. All right.
• 58:49
  Thank you to the moderators, Jake, Annie and Big Tim and
• 58:52
  Susie and I'll see you soon.