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😒SILVER Down‼👇The REAL REASON Behind Silver Price BATTLE! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
Welcome to the live stream. Welcome to the basement.
0:04
Let me turn my microphone volume down just a little bit for you,
0:08
for your listening pleasure. Thank you for being here.
0:11
What is going on right now in the silver and gold markets?
0:15
We need to talk about some big recent developments which could
0:21
be hold on here, we're having some technical difficulties.
0:23
There we are. I think we're better now, which
0:26
could indicate to us that we're going to have a rough summer.
0:30
OK, But will we have a rough summer and is the long term
0:34
thesis for gold and silver intact?
0:36
And it's crazy when we look at what's going on right now with
0:41
manipulation in the silver market and the gold market,
0:45
we're going to dig into that. We hopefully will have a
0:47
special, special guest who will be joining us in about 10
0:52
minutes, a guy who is making quite a splash in the silver and
0:56
gold market and he'll shed some light into what's going on right
1:00
now in those markets. We're also going to talk about
1:03
the prospect, which could be huge for the gold price and the
1:07
silver price of a gold backed trade settlement currency
1:12
between the BRICS nations. This BRICS situation, guys,
1:16
they're not telling us about it in the Western mainstream media,
1:20
but it's a huge, huge deal. We're going to dig into that as
1:24
well. Thank you, Don for that super
1:25
chat. Let's put Don up on the screen.
1:28
Hey, I appreciate you being here with me today.
1:30
This is not possible without your support and you being here.
1:34
You giving your time is a big, big deal, right?
1:38
We appreciate that you come here.
1:39
Please give this video a thumbs up and you can like, share,
1:43
subscribe, all that great stuff as well.
1:45
But let's take a look at what's going on in the silver market.
1:49
Silver, $22.00. I think that's what the
1:52
thumbnail for this video said. Are we going to hit $22.00
1:55
silver? We were there not too, too long
1:59
ago, right? Just back in February and March
2:02
of this year, we had the silver price hovering around $22.00 per
2:07
oz. Is that where we're heading?
2:09
Let's take a look at the charts and see what it's telling us
2:12
because I think I think we might feel a little better after we
2:16
take a look at this guys. OK, this is a 2 year chart of
2:23
the silver price. We've had some breakdown, right?
2:26
You see that red line that starts back in that February,
2:30
March time frame that we talked about earlier.
2:33
We had a steady climb from $22.00 all the way up to $32 per
2:38
oz. And that climb, right, every
2:40
time that the silver price would come back a little bit, come
2:43
back a little bit, come back a little bit, we had a good
2:46
steady. What do they call that uptrend?
2:48
I guess I don't know whether it's these technical people call
2:51
it, but basically it was a solid line that was support for the
2:56
silver price as we were marching higher.
2:58
Look what happened yesterday. What's happening today right now
3:02
is a breakdown in that. Now it depends on how much
3:06
credence you put on to the technical analysis.
3:10
This is not necessarily a good thing, but certainly not the end
3:15
of the road for the Silver rally, in my opinion.
3:19
We've talked about this that throughout this summer.
3:22
What's critical in my opinion is that we hold this $2827.00 range
3:28
even if we get down to 26. Think about this guys.
3:30
We were down to $22.00 per oz. Even if we get back into the 26
3:35
range, you know, 25, we're still OK.
3:39
We could still the, the, the I've got a super interesting, we
3:42
got a lot to talk about in this live stream.
3:45
The manipulation data that you're going to see is, is mind
3:48
numbing alone. But I got a chart that I'm going
3:51
to share with you that was sent over to me from Bald Guy Money
3:55
that also explains to us what is going on, what we can expect for
3:59
the next 5 to 8 weeks. A big part of the reason why
4:02
gold and silver are getting killed today is right here.
4:06
The DXY index right the the toilet bowl contest that goes on
4:11
between the different major Fiat currencies.
4:15
Currently the DXY is at one O 6 look up significantly today.
4:20
I didn't have time to look at the big breaking news this
4:23
morning, but I'm sure it has. Either it's some good economic
4:27
news that came out or suppose a good economic news.
4:30
Remember guys, this is all short term noise.
4:34
Let's take a look at the long term view of the US dollar.
4:39
We are in Nosebleed territory. When we look back over the what
4:44
last 40 years on this chart, we've barely been this high,
4:48
maybe at most 4, five out of those last 40 years the the path
4:54
of least resistance for the dollar index, even though it's a
4:57
bunch of BS, we know that is to the downside.
5:02
All right, let's come back. I want to say hi to you guys.
5:04
Like I said, we've got tons of interesting data regarding the
5:09
silver price up wrong screen, hold on.
5:12
And there we go. We have tons of interesting data
5:17
regarding the manipulation that's going on right now.
5:20
It's mind numbing when you look at this stuff in regards to
5:24
what's happening in the silver market and the gold market.
5:28
OK, now let's go out to let's just let's get it out of the
5:32
way. This is not going to be fun.
5:34
I'm going to warn you, take your blood pressure medicine basement
5:37
dwellers. But what is fun is that you're
5:39
here. And again, I appreciate you
5:41
joining me this morning. Let's do an update.
5:43
We're out here at pin backs on the gold and silver price.
5:46
That is not the up-to-the-minute price.
5:48
I need to refresh the screen. Hey, gold came back a little
5:52
bit. Come on gold we need it really
5:55
would be nice if gold closes today above $2300.
6:00
I'll be honest with you. I think that's about a 40 to 38%
6:04
chance that that will happen. If we could get silver above
6:09
$29.00 at the close today, that would also be very good.
6:13
But let's say thank you to our channel sponsor in a company
6:17
that I go to when I buy my silver.
6:21
Look, I'm not a gold stacker, but if I were, I'd be going to
6:24
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6:28
dealer. Yes, you can buy silver, gold,
6:30
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6:34
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6:39
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You also always get great customer service and what's
6:57
really important to me is look, when I'm converting Fiat Unicorn
7:00
fart dust into real metal, I want to get the most metal for
7:04
my money and I've always found that it pin backs.
7:07
I absolutely get the most metal for my money.
7:11
Their prices are hard to beat, but you need to figure that out
7:13
for yourself. Do yourself a favor, go out
7:16
there and check out Pinbec's. We're waiting for our special
7:19
guest to join us this morning. He's going to shed some light on
7:23
what is very interesting crazy. I mean, it's just mind numbing
7:27
when you look at the data coming out of the big electronic
7:31
exchanges. If he's on here right now and
7:33
watching with us right now, don't forget to hit the enter
7:36
studio button. Mr. J, I'm keeping you a big
7:39
secret until you come on. OK.
7:42
Hey, let's go take a look as we're as we're dealing with
7:45
some. Are you dealing with some
7:46
difficulties right now? Right.
7:49
I got news for you. Life is difficult.
7:53
Life is wonderful, beautiful. It's also challenging and
7:56
difficult if you're an investor in the silver and gold sector.
7:59
It feels like we've been beaten around.
8:01
Even though the price is right. I know the the price is right.
8:05
The price is right, you know, here.
8:06
I'm your local Bob Barker, OK? The price is right for silver
8:11
and gold, right? Gold fighting for 2300, silver
8:15
fighting for $29.00. But it feels like we've been
8:18
beat up. And I got, I got new bad news.
8:20
Don't, don't, don't, don't throw eggs at me through my webcam
8:24
here, guys. But look, the summertime could
8:28
be a challenge for the silver and gold price.
8:30
I hope I'm wrong. We've talked about this.
8:33
We're gonna be OK no matter what.
8:35
All this stuff quote, UN quote going on right now really is
8:39
short term noise. No doubt about it, right?
8:42
But the summer is traditionally a challenging time for the
8:46
precious metals prices. Let's take a look at this chart
8:49
that had been sent over to me from bald guy money, good friend
8:53
of Ron's basement. And I think this explains it all
8:57
in terms of what we're going through right now.
8:59
He says for precious metals, June is the second weakest month
9:03
historically. There's a trend that sees the
9:06
gold price, and I would say silver price as well, pick up at
9:09
the end of the summer heading into its strongest month, which
9:14
is historically September. And if we look down here on the
9:17
bottom, we can see where we are in June, right?
9:21
The June is not a, a good month for the gold price.
9:26
But then as we go into July, August, September, this is from
9:30
1975 all the way through 2020. On average, those are good
9:36
months, right? So really, hey, let's be
9:38
optimistic. If we can make it through June,
9:41
July could prove to be very, very fruitful.
9:44
It's also interesting to see like the opposite reaction in
9:48
the S&P 500. Typically its best months are in
9:52
the kind of that June, but really July time frame.
9:55
And then we see it dropping down and on average over that time
9:59
period, the S&P 500's down when the price of gold on average is
10:04
up. So let's hang in there as we as
10:07
we get through the summer and and see what's going on.
10:10
What about this manipulation that we have going on in the
10:15
silver and gold markets. I want to bring you out.
10:17
One of our favorite things to look at here in the basement is
10:21
this. Let's start, let's lay the
10:24
groundwork by taking a look at this guys, the US debt clock.
10:28
And when we look at the paper to silver ratio, it is just
10:33
astounding. Now up today, 400.7 paper ounces
10:39
of silver traded for each one ounce.
10:42
Look, you can go up here and get the actual definition right, the
10:46
paper to silver ratio, the number of paper silver oz traded
10:50
on the major world silver exchanges divided by the actual
10:55
world production of silver. That means that for each one
10:59
ounce of silver that's produced, each one little oz, go ahead and
11:03
grab one of your little babies and hold it in your hand.
11:05
For each one of those, right, that that one ounce that you
11:09
have in your hand, there are 400 paper oz being traded.
11:15
OK. When we just look right up here,
11:17
let's since we're here, let's take a look.
11:19
OK, we got to check in our old friend, the dollar to silver
11:22
ratio which measures the year over year increase in the USM
11:28
two money supply which is down there on the lower left side of
11:31
your corner, right. That's the that's all the money
11:34
that's out there in the economy being created by the Fed and the
11:37
banks and everybody else, right, all the bank accounts and
11:39
everything. That's the increase in that
11:42
money supply divided by the yearly world production and that
11:46
stands at 170 oz. It's really, really astounding
11:51
when you look at this data. But then when we look at days
11:54
like yesterday when the silver price got absolutely clobbered
11:58
and we look at data from places like the Comex and I'm sure the
12:02
same it's even, I hear even more egregious offensive, but every
12:08
word you want to use when you look at the LBMA, but when we
12:12
look at the Comex, it's just absolutely nuts.
12:16
I think our guest might be having some technical
12:18
difficulties up. Wait, he's here.
12:20
Oh my gosh, he's arrived. All right, guys, just when I
12:25
thought I'd have to do this by myself, help is on the way.
12:28
And not just any help, this guy. So I'm going to introduce you to
12:32
next, right? He's making a big, big splash in
12:37
the precious metals world, right?
12:38
I'm hearing people like Andy Schechtman talk about him now
12:41
several times. Other big top analysts are, are
12:45
are mentioning this next guest is somebody who's digging in,
12:49
right? He's not afraid, right, to take
12:52
on the tough subjects in the silver and gold market.
12:54
And without further ado, I want to bring on our friend Mr. John
12:58
Littlejohn. Welcome to Ron's basement.
13:00
Hopefully you can hear me. Perfectly clear, Sir, and thanks
13:03
for that wonderful introduction. But we all work together.
13:07
This isn't, I don't think there's a hierarchy.
13:09
We're just basement dwellers stacking real money, right, Ron?
13:13
So let's all be underdogs here 'cause the underdog always
13:17
prevails. What's going on?
13:19
Hey, you know, that's interesting you say that, John.
13:21
The under 'cause I was talking to the basement dweller
13:23
community yesterday about this is a real simple statistic and
13:29
one that maybe you could even extrapolate upon in a in a
13:31
future sub stack article. By the way guys, John writes
13:36
what is probably some of the best literature about silver and
13:40
gold for that matter, but it's the Silver Academy sub stack.
13:43
Is that correct, John? Yeah, You'll put the link in
13:46
there. It's we.
13:47
At first we were calling it the silver industry, but then we
13:50
rebranded it. So the URL is sort of conflicts
13:54
with the name of the publication, but I can always
13:56
change the name of the newsletter if I can change it
13:58
every day. But a branding expert would say
14:01
you're not supposed to do that so.
14:03
As long as you. The name of the newsletter is
14:05
the Silver Academy, but you'll put the you'll drop the link in
14:09
the OK. The link actually is in the
14:12
description of every video that I put out.
14:15
So at any time people can check and I refer to you often.
14:18
I use your material on a regular basis.
14:21
And just so people know, this is just like something you
14:23
subscribe to. There is a free option and you
14:27
get like one or two emails a day and it's always it, it's
14:32
something that always piques my interest and has to do with the
14:35
silver and gold market. But I want to get back, John,
14:37
'cause I want to get your. And then we're going to get into
14:40
this manipulation, the potentially going on in the
14:43
silver markets. But one of my viewers pointed
14:46
out when you were talking about the basement dwellers and the
14:49
community, you know, the people on, on Reddit Wall Street
14:52
silver, the silver Dijon club, Dijon Club.
14:56
I'm sorry. Some one of my, one of my
14:59
viewers pointed out this crazy statistic.
15:01
It takes just 5 oz, John. OK, think about this.
15:05
If you take the total number of people in the United States who
15:10
have a job that are working, it's like 160 million people.
15:14
If on a real simple basis, if each of those people were to
15:18
just buy 5 ounces of silver, that would be 800 million ounces
15:22
of silver, doesn't that wipe out like the entire world's
15:26
production of silver for the year?
15:28
I mean, to me that shows just how how how small and sensitive
15:32
and delicate that the silver market is.
15:35
Yeah, and it's I think that was the philosophy.
15:38
I remember when GameStop and AMC were sort of this frenzy on the
15:43
mean stocks. And then I think it was MP and I
15:47
had already held silver thinking, God, it's chopping
15:50
sideways forever like a, I don't know, six or seven years well
15:55
below 20. And then all of a sudden we
15:58
found out that there is that the GameStop syndicate may try to
16:04
short silver. So the idea was if we get that
16:07
was 200,000 people, but your guy, you know, I think we can do
16:11
it with less than that because I mean, we're up against some huge
16:16
odds because they can trade a whole year's worth of mining
16:22
activity on a global level in one trading day through the
16:26
futures contracts. And that's.
16:29
Let's explain to everyone how the tampity tamp tamp Tampa loot
16:34
Mr. Slammy. How does Mr. Slammy work?
16:37
Ron? Let's.
16:38
Let's all right, well, let me let me let me pull up your
16:41
recent sub stack here because I think this was just some
16:46
outstanding There's three there's three things I think
16:49
embedded in this that I saw, but I'll let you start.
16:53
Here we go John, manipulate how manipulation works.
16:55
Let's just start with what a contract is on the Comex.
16:58
It's 5000 oz. OK, so just look at the
17:02
screenshot here. What happened in 15 minutes?
17:04
Go below 15 minutes they and there's that waterfall.
17:10
This happens usually at 2:00 AM at least twice a week.
17:15
We call this Mr. Slammy or Tampity Tamp, Tamp or the
17:19
tamperoo or tampany harder daddy, you know, And then our
17:24
philosophy is OK, go ahead. If silver goes up, we're happy.
17:30
If silver goes down, we buy it on sale.
17:32
That's like a heads I win, tails you lose, right?
17:35
That's the proper mindset of a stacker.
17:38
So go ahead and continue on down and let's talk about really the
17:43
the news of the day is that Julian Assange was freed.
17:47
He just hit his home in Australia, but about a couple
17:50
hours ago. Oh, we can go to this slide
17:53
first. Yeah, let me, I wanna, I well,
17:54
wait a minute, I wanna go back 'cause this is so fascinating to
17:58
me. 20 So you're saying 20 almost 24,000,000 ounces of
18:02
paper silver were traded yesterday in 15 minutes.
18:06
So when we look at this chart, that would be These are probably
18:09
5 minute candlesticks. Yeah, you can see the volume
18:12
below. OK, so that.
18:14
Shows you the volume. Anyone can look at this.
18:18
You just have to go to the silver chart and there you see
18:20
all that volume. It's so unnatural.
18:23
That's how you know it's manipulated.
18:25
It's like what happens at 2:00 AM and the fact that on the
18:29
Comex you do not have to stand for delivery, you can just put
18:33
in the paper order and never you know Vince Lancey, you should
18:38
have him on your show because he does a great job of explaining
18:41
even It's so mind boggling that this is allowed cause on the
18:46
Shanghai it is not allowed. So the, because this is paper
18:50
silver and, and this looks like I can't see 'cause my, I can't
18:54
get my screen big enough, but that was probably in the middle
18:57
of the night. And you know, yeah, we just, we,
19:01
we, we trade 24,000,000 essentially.
19:04
I thought I saw somewhere that you said that really only like
19:06
3% of all the contracts on the on the Comex or ever actually
19:10
delivered upon. Less than 1%.
19:13
Less than 1%. So this is just paper silver
19:17
that creates this massive and 24,000,000 ounces of silver in
19:20
15 minutes. That's significant.
19:23
I mean, you know that that's a, that's a significant number of
19:27
Oz when you compare that to the actual, as we've talked about
19:30
many times, the fact that that the the whole mining sector
19:33
produces 800 million over an entire year.
19:37
Right. And let's, let's add that it's
19:39
illegal because whenever you're creating a solution that
19:42
Silver's selling off the the crime is called spoofing you.
19:46
I mean, look, listen to the word spoofing.
19:48
You're you're creating an illusion.
19:52
This guy on Twitter is a great he every day.
19:55
He's sort of like ditched the deep state, but much simpler
19:58
read you just he just shows the one screenshot.
20:01
Oh, that's the smoking gun of where the CFTC chair Roston.
20:08
He's sort of the guy that we put in all the memes.
20:12
He's the character that really, that's his quote right there.
20:16
Wow. He used the word tamp down.
20:20
He he might as well have said manipulate down, right?
20:25
Tamp. You know, it's like the verb.
20:27
It's like to be or not to be, to tamp or not to tamp, you know?
20:31
But please, Ross, and we don't care 'cause now who else likes
20:36
silver and gold? On sale via the West smashes is
20:41
the bricks. They figured this out, right?
20:44
Yeah. Yeah, yeah.
20:46
I mean well, well, and even and even us, John, because, and I'm
20:49
going to come back to this, but I want to, I want to see.
20:51
Us Pinbex right now every I mean this because really folks, you
20:57
people should get as they're listening to us.
21:00
I have no blog in this fight with Pinbex, but they're a
21:02
wonderful dealer and I think you should people should buy a tube
21:06
of maybe generics. Because, and I'm sorry, I
21:09
overspoke you, but I think this is so critical because you, you,
21:11
you, you, you, you, you brought this to the forefront of my mind
21:16
that we are able in the West, in the United States, like we can
21:20
benefit from this manipulation as well.
21:22
Like you said. I think that's what you're
21:24
saying. You know this because the price
21:26
of silver is so low, it's manipulated down.
21:29
We're not, we're not paying avat tax here.
21:32
Most of us aren't paying a sales tax.
21:35
I mean, I was looking last night and like silver rounds, right?
21:39
And I don't really buy silver rounds.
21:41
I usually buy the most cost effective sovereign coins.
21:46
But I was like you can buy silver rounds for like pretty
21:49
darn close to spot price right now and not pay sales tax and
21:54
get free delivery. I'm like wow this is better than
21:57
almost as good as buying it on the Comex directly.
22:00
Oh yeah, in a way they they have that boutique service and you
22:02
don't have to buy 5000 oz like you say after Friday's smash.
22:08
This is Silvers on sale because it's it's like that whole
22:11
metaphor. You can't hold a beach ball
22:13
underwater. Can I give you a crude metaphor
22:16
for sure? Yeah.
22:17
Oh, you. Can be a crude you've got to
22:19
make everyone laugh on social media, but let's say your wife
22:23
cuts you off of sex and then and it's for some petty reason like
22:29
you're not doing enough chores or something.
22:31
Well, maybe your wife didn't figure out that there's Tinder
22:34
out there now and you, you know, so they think they're
22:37
consequencing you or there's something again, I'm happily
22:42
married and it's never this thoughts never popped into my
22:45
head. But I'm just saying that they
22:48
that Roston and Christian and CPM group, they may think
22:52
they're punishing the the stackers with this consequence
22:57
of never it, you know, never discovery on the silver price.
23:01
But in a way, they're not punishing you.
23:03
There's always an end around, just like with sanctions.
23:06
You know, Putin may have felt like, Oh my God, Biden's gonna
23:10
kill us with these sanctions. Then they figured out, you know,
23:12
a gram of gold for a barrel of oil, and now they're buying more
23:16
oil than they were before using the US dollar.
23:19
Then you can't walk that punishment back.
23:22
It's it's left, it's left the bottle as the genie's out.
23:26
Yeah, yeah, yeah, yeah, the. The screen though, because now
23:30
we have a smoking gun. Well, let me, let me wait a
23:32
minute. Wait, wait, wait, wait.
23:33
Give me one second because I wanna your next point I thought
23:36
was so interesting. A very typical day on the Comex
23:40
paper. This is like an average ish day
23:42
and correct me if I'm wrong John, but there's almost 700
23:46
million oz a day traded on the COMEX on an like an average ish.
23:50
Day and remember annual supply or by means 800 million.
23:54
So it's basically one day one. Day.
23:57
Yeah, I mean think. About equals one year, which is
24:01
interesting. Keep that ratio in mind.
24:03
One day equals one year. That's 365.
24:06
Well, what is the paper to silver ratio?
24:10
It's about 400 to 1. So let's really quickly a
24:14
derivative is a financial instrument that derives value
24:20
from an underlying asset. I know that's a lot of fancy
24:24
doublespeak, but to think of that is that it derives by.
24:27
So what is the underlying asset? You can hold a A1 oz round up
24:32
right now, Ron, and then tell your viewers that that
24:35
represents 400 paper trades for that same one ounce.
24:40
How does that make any sense there?
24:42
You go, right? Yeah.
24:44
And unfortunately, we don't have the 400 paper trades that I
24:48
would put to the right over your pair.
24:52
Right here, for lack of for lack of a better prop, I'll say.
24:55
Oh, there you go. It's kind of like this. 400
24:58
sheets of paper, right? For each one For each one one.
25:03
And Ron, we did not collude on this visual.
25:06
No. Well done live folks.
25:09
I've got everything down here in the basement, John, I tell you
25:12
so. So John, if we go back to this
25:14
and you wanted to talk about this other smoking gun.
25:17
This is a smoking gun. Yeah, let me go down here.
25:21
I mean, God, it's just incredible, these numbers.
25:25
OK, You want to talk about this? Yeah, let's just read.
25:28
OK, so WikiLeaks uncovered that the plan of basically the
25:34
manipulars was to come up with a futures market that would have a
25:41
huge distortion between the proportion of physical trading
25:45
that would take place versus the volume of paper.
25:49
So, so he's here are the four points.
25:52
Future trader basically is going to be gigantic compared to less
25:57
than 1% physical. So it intentionally creates
26:00
volatility, it diminishes the demand for physical 'cause
26:04
you're demoralizing the investors and then you're also
26:07
discouraging or negating long term hoarding by U.S. citizens.
26:11
Now this document was leaked by WikiLeaks and it's proof that
26:18
manipulation was hatched in a boardroom by the CFTC and and
26:27
it's complicit arm like JP Morgan, Bank of America, CPM
26:32
group in the Silver Institute. So.
26:34
So this was a document number one was leaked by WikiLeaks #2
26:39
it was written around 1974. Is that correct?
26:43
Yeah, the link. Wait, go to the link above.
26:45
Let's look at the link. I think it's.
26:46
I think I had the link. Yeah, 1974 and it and it was a
26:50
communication between the kind of the dominant forces in in
26:56
London and the dominant forces in the United States in regards
27:00
to the establishment of this electronic futures market for
27:05
gold and silver and then pointed out what this communications.
27:09
And it's interesting that that was occurring right around the
27:11
time that I think that was when President Ford was signing
27:15
legislation, if I have that correct, that allowed U.S.
27:17
citizens to own physical gold again.
27:21
But the, but the the communication was basically
27:23
like, yeah, we're going to set up these futures markets and
27:26
we're going to basically manipulate the price if you read
27:30
between the lines. And we're going to inject
27:32
massive amounts of volatility into the price.
27:35
And we are going to demoralize anyone in the West who wants to
27:39
hold physical metal. Is that, is that a?
27:41
Yeah, that's. Perfect.
27:43
Yeah, you're always, you're better at breaking these things
27:45
down. I'm just a good writer.
27:46
But the last paragraph actually shows how they did it with SLV,
27:52
where they can make money walking it up and down, up and
27:55
down, up and down. So basically whenever you want
27:58
to drop the price, you just sell more virtual silver.
28:02
So if you want to raise the price, you just don't
28:05
manipulate. So imagine if you can read
28:07
tomorrow's newspaper today and you've got that.
28:11
All you need is about a 12 hour window of time.
28:14
And I'd give you an example. Let's say you're on, and I'm not
28:18
suggesting this happens with Apple stock necessarily, but
28:21
let's just say Ron, you and I are president and vice president
28:27
of Apple. We know when the next iphone's
28:29
coming out. You can do the same thing with
28:32
any product that you're releasing.
28:34
And if you control the information and you're the one
28:37
that writes the press release, you've, you've got tomorrow's
28:41
newspapers today. Same, similar with Congress.
28:44
They they get involved in briefings on national security
28:47
and energy because it could be a national intelligence on under
28:53
the guise of national security. But then they know what to trade
28:55
the next day or that day for war profiteering stocks, national or
29:01
energy stocks, tech stocks. It's like that George Carlin
29:05
quote. There's a big club and you ain't
29:07
in it. But that's why we have to huddle
29:09
together in the basement. And your viewers do a better job
29:13
than I do. I read the comments from your,
29:15
your and, and by the way, everyone, this Ron made it clear
29:19
two years ago he was going to do one video a day.
29:23
And this whole thing, this whole channel is basically because of
29:25
his, his followers, his viewers, his subscribers.
29:29
They've made this happen and I'm just watching you grow in such a
29:33
short amount of time to be the top two or three influencers in
29:37
the space and use remaining humble and allowing me to come
29:42
on. Some of the other people like
29:44
the big, you know, Kitco's of the world, they'll never let me
29:47
on. They just they don't want us to
29:49
grow. But it's the underground God.
29:52
I mean, we won't even talk about the other stuff in the news, but
29:54
let's go ahead. Well, we can talk about bricks.
29:57
Yeah, yeah, yeah. Let me, Let me hold on here.
30:00
Let me pull this one up and oh, where'd it go?
30:05
Bear with me, John. Just go to the mass, go to the
30:08
top. OK article make it really easy.
30:11
Go to silver Academy. Click on Silver Academy.
30:13
All right, there we go. And then go and oh, say no
30:17
thanks everybody. That's where you'll tab type
30:20
your stuff. It that's where you Scroll down.
30:23
It was probably the. Keep going.
30:26
Is that a rundown of big world events?
30:31
I think that's it. I think that's it.
30:33
Yeah, I think that's it. OK, that's it.
30:35
Yeah, here we go. And I thought this was because
30:37
the brick story is huge in this idea.
30:40
And I want to get your take on this after we I let you kind of
30:43
walk us through this article. But I'm hearing more and more
30:47
chatter about like a gold backed trade settlement currency
30:51
possibility. OK, wait, I'm I'm finding the
30:55
article too, so give me a SEC. So give me the context again,
30:58
you're. Hold on here.
31:00
I'm there. It's OK, it should be up on the
31:02
screen. There we go.
31:04
Yep. OK, you're, you're hearing
31:07
chatter. Well, the Goldback, all right.
31:09
You're referring to what's called the in bridge and the
31:12
unit and I'm not ready to dive into that yet.
31:14
I did write a piece on that, but it's basically the way they can
31:21
navigate around what we call Swift.
31:25
OK. So it's basically the the
31:27
philosophy is let's just look at the list of these people that
31:30
have signed on. This is all a new, this is
31:34
really what you could call a reset U.S. dollar since Bretton
31:38
Woods is the global reserve currency, right?
31:41
Yes. Then after this meeting that
31:44
just took place, what, a month ago, Ron, the BRICS summit.
31:48
Yep. OK, so look at what here was the
31:51
tipping point. Saudi Arabia left the protection
31:56
of the Petro dollar two Sundays ago, I think maybe three Sundays
32:01
ago. So now the whole world has
32:03
changed. What does this mean?
32:07
OK, nations do not trust each other's currencies.
32:11
They used to trust the US dollar because they they were required
32:15
to hold the US dollar to buy oil.
32:18
OK, so everything's changed, right?
32:21
Let's look at that list. It's got some huge names on it.
32:24
I think every country that joins is a big name, just like every
32:28
basement dwellers of is an important person.
32:31
You had mentioned that it only takes each person to buy 5 oz.
32:35
Now start adding up the total purchasing power and don't even
32:39
think of their GDP. Think of all the resources these
32:43
countries have to just trade with one another.
32:46
Yeah, yeah. Well, the one, oh, look at, look
32:48
at #12 you know, a country that most of us have not heard of,
32:51
Kazakh, Kazakhstan, they've got like and produce like a major,
32:57
major amount of the world's uranium, which is becoming very,
33:01
you know, important right now. Yeah, Finland just powered a
33:05
nuclear plant yesterday and and electrical prices are are just
33:10
plummeting because of it. Look at Venezuela #7 the way the
33:14
West spends them is some evil empire with high inflation.
33:18
OK, the second part's true. They're no, they're not an evil
33:22
empire. They may have had Cesar Chavez
33:24
had questionable practices as an authoritarian.
33:27
However, they had the largest oil reserves in the world.
33:32
Google it everybody who has. OK.
33:36
And, and you know what I saw, I think you that's in this
33:39
article. I saw that.
33:39
And it's always like news to me. And I've heard that and I know
33:43
it's a fact, but no one knows that that Venezuela has the
33:47
world's largest oil reserves, right?
33:50
So it'll it's it's it's always interesting how the United
33:53
States over, let's say the last five years has acted towards
33:58
Venezuela, right? Almost like they're, like you
34:00
said, an evil empire and yeah, crazy.
34:06
Just remember when Bush said the axis of evil, which was a code
34:10
word that we're going to bomb you and give you a heavy dose of
34:12
American democracy and steal your goal.
34:16
Go down the list. Look who else just joined.
34:18
Pretty big name there. Thailand.
34:20
Hello. Malaysia, Malaysia and Singapore
34:23
used to be one in the same. Turkey has always been the most
34:27
strategic country. When you think of the gateway to
34:31
the East or the other way gateway to the West, think of
34:34
the sack of Constantinople. There's that song Istanbul used
34:38
to be Constantinople. By They Might Be Giants.
34:41
I mean, it's just legendary when you think of antiquity and the
34:45
trade route between the East and West.
34:48
A Thailand. Here's another joke.
34:50
If you can't get laid in the city named Bangkok, there's
34:54
something wrong with you. But Thailand known for its, I
34:57
mean, very strategic, along with Vietnam.
34:59
Now we're talking about Indochina.
35:02
And now with Japan selling off, here's the young written script.
35:07
What it what happened yesterday in the last two days with Japan
35:10
sold $63 billion of U.S. Treasuries and what did US do?
35:15
We put them on our watch list for a manipulated currency.
35:21
You don't think that the nation that talk about calling the
35:24
kettle black, who manipulates currency more than us, Ron with
35:29
fractional reserve banking schemes where they mouse click
35:33
money. The way we've inflated the money
35:36
supply in the last 2 1/2 years, what is that metric?
35:39
Like 40% of the money ever created the last year?
35:43
Yeah, it was created in the last few years and and you know, you
35:45
brought up AI think this is a critical point, John, for all of
35:49
us to remember. It's one of those kind of I I
35:52
like to say like, you know, you can play checkers, you can play
35:55
chess or you can play 3D chess and try to kind of really put
36:00
all this together. But when you look at that list
36:02
of countries that you compiled that are have applied to the
36:06
bricks, right, or somehow, and you know, and we know that those
36:09
countries hold, you know, the, the kind of lion's share of the
36:13
world's resources. What is that telling us, right?
36:16
But, but I think this, this critical key idea that you
36:20
brought up and I think that our, our viewer needs to consider is
36:24
that big massive list of countries, right?
36:27
They don't trust the US dollar, right?
36:31
That's been made exceedingly clear to us over the last couple
36:34
years. And we understand why, right?
36:36
They're not, they're not real keen on the US dollar, but but
36:42
they trust each other's currencies probably even less.
36:46
So if you think about that from a silver and gold perspective,
36:49
it's like, well, they don't really want to be, they don't
36:52
want to be in the US dollar. They don't want to be
36:54
intertwined necessarily directly with each other's.
36:57
Where are they going to go? To me, it's pretty clear why the
37:01
world central banks and why gold in particular.
37:06
And it'll it'll bring silver along with it are becoming so
37:11
popular, I guess are regaining. I mean never lost its popular
37:15
but does that does that make sense?
37:17
Well, no, they actually that you just brought it up.
37:19
If, if nations don't trust each other's currency and central
37:23
banks understand this. That's why they accumulate gold.
37:26
But if you think of every transition or big, big swing, as
37:30
Ray Dally of the Billionaire says, these are big swings.
37:33
Let's think what happened when the French Revolution and the US
37:38
Revolution happened really close in time in terms of spatial
37:42
proximity or temporal proximity. At that point when feudalism is
37:49
surrendered or yields to capitalism, gold had to step up
37:54
and do the accounting for all those types of transition.
37:57
So this is the next big swing as, as I would call it, late
38:01
stage capitalism. It's not free market capitalism,
38:05
it's more of a rigged capitalism that privatizes profits it it
38:09
socializes losses. So this rigged form of
38:12
capitalism, which is really, I would call it military
38:16
industrial war profiteering, sort of phony crony capitalism,
38:21
is it as it is yielding to the Petro Yuan that you can say it's
38:27
the Petro Yuan. Now, if that's if Saudis join
38:29
BRICS. So you brought up a great point.
38:32
If all those let's think of where these countries are that
38:35
have the resources, they're mostly in the in the third
38:38
world. And the reason they stayed the
38:41
quote third world is because the Northern hemisphere usually
38:45
exploited their natural resources and labor markets and
38:49
added value in Europe and the United States.
38:52
Well, you don't see any of those people in Africa or Latin
38:56
America signing up with NATO. Name one.
38:59
There isn't one there. That's a pretty big this is
39:03
where most of the people live and now they're getting some
39:06
purchasing power. If US has been outsourcing
39:10
everything that let's say India in the last 40 years, well,
39:14
India's middle class has now risen.
39:17
Now they have, they have more discretionary money than US
39:20
middle class, which is being eliminated.
39:23
So they're buying the silver. So who everyone's buying the
39:26
silver, Your stackers, the the emerging markets and bricks.
39:31
This is what will meet what what it means when I say the West has
39:36
lost control of the silver market, except for with those
39:39
tamps and those are they're not gonna stop doing that.
39:42
So just buy every dip. I mean, we're gonna run out of
39:46
what we call dry powder. But you can, you know, that's
39:48
what I would do is the Federal Reserve note is losing
39:51
purchasing power, whereas gold is better.
39:55
Yeah, I look at I, I, I, I look at I, I like to do this almost
39:58
every day. I look at this right paper, you
40:01
know, Unicorn fart dust, whatever you want to call it,
40:04
make believe, you know, funny money, whatever.
40:08
And it just it, it just, it's mind boggling that I can convert
40:11
this paper into this right. And and and that and that most
40:19
people in that my country. If if offered the choice on the
40:25
street would take this, right, because they just don't know
40:29
yet. But like you said, and I think
40:32
that's an interesting point, throughout the world, more and
40:35
more people are waking up, right.
40:37
Like we talked about the United States and the huge potential
40:40
for people in the United States to wake up to the value of
40:44
silver and gold. But I think on a worldwide
40:46
basis, they're, they're a step ahead of us at this point.
40:50
And if if the world population in that list of countries that
40:55
we looked at, you know that that ever growing list of countries
40:58
that like you said, they're not clamoring to join NATO, right,
41:02
They're clamoring to join the bricks.
41:04
Yeah, the only reason they were attached to Bretton Woods is
41:07
because Kissinger, right? When Nixon closed gold
41:11
convertibility, Nixon simultaneously set up the prison
41:15
yard protection program with Saudis.
41:17
So they just knew they had to do it to buy oil.
41:22
Now that that. So the world changed and the US
41:26
in the meantime, we had nothing to really export, except it
41:30
wasn't our #1 product wasn't corn or soybeans or US steel or
41:34
cars in Detroit. It was the US dollar that was
41:37
our main import. And what a deal for all of us as
41:41
Americans. We had that what's called the
41:43
exorbitant privilege, but those it's going to be a tough wake up
41:47
call for hey, hold up those two things again, the dollar and the
41:51
ounce of silver, because here's another mental construct that I
41:55
think's helpful. Forget and then the dollar right
41:58
next to it and, and thank you, that's good enough.
42:00
And then to think of it another way, don't think of an ounce of
42:03
silver worth 29 of those dollars.
42:06
Think of it in reverse, that really 29th of that silver oz is
42:13
just that $1.00, so divided by 29.
42:17
So it takes, you know that that's kind of, and that's with
42:20
us being unsatisfied with the price of silver.
42:23
It's going to go to 50. When gold goes to 3000 silver
42:27
will there'll be a 60 to one ratio And there's some people
42:30
like Eric Sprott that are calling a 15 to one ratio.
42:33
I'm being real conservative with a 60 to one call, very
42:37
conservative because you'd said, I mean gold there.
42:40
Did you know that there's less silver above ground than gold
42:43
Rod? No, I didn't know that there's
42:45
less actual physical silver that that's interesting.
42:49
That leads me into the, the I wanted to say something earlier
42:52
as well that, that the silver market, I heard it said this
42:56
way, you know, obviously we are, we are consuming more silver now
43:01
every year than we are producing, right?
43:04
And where is that, that that extra silver coming from?
43:08
It's coming from the above ground, from the reserves.
43:11
And that, you know, it's real simple, but I just hadn't heard
43:13
it, heard it said that way. But but these reserves that are
43:18
above ground are limited #1 and as you're saying, there's more
43:25
above ground gold than silver at this point.
43:27
And they're shrinking, right? Like what happens when the
43:30
reserves, they don't have to completely run out when they
43:33
when, when people start to wake up, are these traders or
43:37
whoever? Like, hey, we're really getting
43:39
to a critical juncture here where, you know, next year the
43:43
we're we're gonna need X amount of Oz of silver.
43:47
The mining sector's only only producing so much.
43:49
We don't have the reserves left. You know they went away, right?
43:54
I mean. Well, no, you said it perfectly.
43:56
I mean the ore grade for your and you do Fortuna's one of the
44:00
better ones. They're probably in fact they're
44:03
I think they're producing, they're one of the leaders in
44:06
terms of silver. But let's just say all globe,
44:09
they're at 800 million. But you said it right, if
44:13
industrial use with military, aerospace and solar alone is
44:17
enough to wipe that out, just those three use categories that
44:20
doesn't count electronics. So they, I think we did the I,
44:25
there was an article I did about a month ago where India, no
44:28
three weeks ago where India in Q1 of this year bought more
44:34
silver than they did in entire 2023.
44:37
Yeah, it was like 120 million oz.
44:39
Sorry to enter. Well, really, No, you haven't.
44:42
One month of India's purchases can wipe out everything that's
44:45
in Shanghai right now. And you got to remember Comex.
44:49
Has it been audited? Has Fort Knox been audited?
44:54
Have you seen that meme where John Travolta's looking to the
44:57
left and looking to the right, looking to the left, looking to
44:59
the right and he puts his hands up like this?
45:01
Have you seen that one yet? Ron Yes, yeah, yeah.
45:04
And there's and what are the shelves?
45:05
They're empty, right? Right, right.
45:07
And that's, and that's what, and that's what we could have with
45:10
silver and sometime in the near future, right?
45:14
The shelves are empty. And then John, I mean it.
45:17
And I'll ask this question to our viewer as well.
45:21
All of this is happening. I know the last couple days have
45:24
been hard on the silver price if we choose to measure it in U.S.
45:28
dollars, Bob, you know, whatever.
45:30
But this, this, this price that we're at now, let's say close to
45:34
$29.00 per oz is number one is a lot higher than we were just in
45:38
February and March, we were at $22.00 per oz.
45:41
What is that like an 18% increase?
45:44
Seven, that's almost 30%, I think 30, yeah, roughly right,
45:49
because 1/3 of 22 is is about $7.00.
45:53
So yeah, about about 30. It should.
45:55
Be no whining. No whining.
45:57
Yeah. Everybody stop whining right
45:58
now. Johnny, John, Big Big John,
46:00
Little and Little Ronnie are are telling you to stop your stop
46:04
your whining. But John, think about this.
46:06
To me, this is super exciting actually, the fact that we've
46:11
done that well and we're and we're near, you know, we get
46:14
through 3235 dollars silver. I think we're off to the races
46:18
because people will say, oh, we had $50 silver in 2011, we had
46:23
$50 silver and what was it 1980? But those were like blips.
46:29
If you look at our chart, man, it was like up, down.
46:31
I mean, and, and we never really spent much time above 30 or $32
46:36
silver. I think once we get above that
46:38
level, it's off to the races 'cause there just aren't any
46:41
people, I don't know, you know, anyone who admits that they own
46:45
silver that they bought at 40. I mean, just not that many
46:47
people 'cause it was such a short period of time, bought
46:50
silver at, when it was $42.00 spot price and are waiting for
46:54
it to get there. So they can just sell that
46:56
silver and, and get out that we're, once we get really above
46:59
that level and and then next time we get above $3233, that'll
47:04
be our third attempt. And it's rare to have a triple,
47:07
you know, a AAA top, I mean, very rare.
47:10
We could be off to off to the races.
47:12
But I'll get to my point, which is I think super exciting for
47:16
any of us in the silver sector. What we've done even up till
47:20
now, we've done that without really that much investor
47:24
demand, certainly in the West, right?
47:27
Like, and then I think as we look at that list of the BRICS
47:32
countries that are expanding and the potential those, there's a
47:35
lot of people in those countries that are moving into the
47:38
consumer class. And when they start thinking,
47:41
well, what am I going to do with this excess money that I have?
47:45
Am I going to keep it in my local currency?
47:47
Am I going to buy dollars or maybe they'll start to buy gold
47:51
and silver? I mean, I just think the
47:52
potential, all these projections and then I promise I'll shut up
47:57
all these projections for future silver demand don't account for
48:02
the potential for a massive increase in on the investor
48:06
side. They kind of leave that number
48:07
static, you know what I mean? And that could be another like
48:11
massive factor that could drive the price of of gold, but I
48:16
think in particular silver in a rather dramatic fashion.
48:21
Yeah, I think I would like to add to that in the.
48:24
Let's set this up. If we're talking about bricks
48:29
and they are clinging to silver as sort of a lifeline, we know
48:33
that these are nations. They have felt the sting of
48:37
turbulent constitutional instability.
48:41
They've seen so many pictures of presidents on so many Fiat notes
48:46
come and go. They can't really afford gold.
48:51
So silver, we've said gold is the money of kings and banks and
48:55
silver is the money of the ordinary folk or the, the I call
49:00
the villagers. So just like we see gin Z buying
49:04
beans of gold in China, we should be stacking silver rounds
49:09
at 28293031. Doesn't matter.
49:13
Just keep buying the dip. I think the, the there you said
49:18
it right when you said that a triple top is a good sign of
49:22
it's not sustainable. We have to be patient.
49:25
We've been saying that for a few years, but I would, I wouldn't
49:31
say that you want to look out the window one day when your
49:34
silver's worth 1000 bucks because you're going to see the
49:37
Mad Max looking environment. But this is supply and demand.
49:41
And we do know that there's been no new discoveries of silver.
49:45
None. We know that it takes 10 years
49:49
for a mine to come online. We know that one in 2000.
49:53
Mines fail. We know that many of them are in
49:56
jurisdictions that are risky. So what we know is that supply
49:59
is limited and that demand is off the charts.
50:02
Because why? Silver is still the best
50:05
conductor of electricity, Always has been.
50:08
It has the best reflectivity. It is the most ductal,
50:12
malleable, has the best thermal properties, and the fact that it
50:16
double S as this monetary metal too, is just sort of incredible.
50:21
Maybe that's why you and I are obsessed and need to get our
50:24
heads examined. But we also just have to
50:27
understand that why do we get involved in this passionately?
50:31
Because this is our life congealed.
50:32
We're exchanging our time, our talent, our energy, our labor
50:36
for a unit of exchange. And if it's being inflated away,
50:40
we as villagers need to huddle together to figure out how to
50:43
put an end to Fiat tyranny. Yeah, yeah.
50:45
And you know, you bring up an awesome point, John, about
50:48
silver, right? Yeah, it has this industrial
50:51
component, right. And if you, if you compare the
50:54
and and I would say that's kind of like, you know, that's it's
50:57
half brother relationship to copper, let's say.
51:01
And I, I find it interesting because copper's an
51:03
electrification metal, right? We need copper for the, well,
51:06
guess what? We need silver for the
51:09
electrification of the world and we also need silver for the
51:13
technology revolution. All the AI demand all the, all
51:17
the semiconductor. So silver's industrial component
51:21
is, I think, somewhat similar to copper.
51:24
Oh, have you noticed lately? You know, I don't, I haven't
51:26
looked at copper real recently, but copper recently was, was was
51:30
was like hitting all time highs. There was even talk 4 weeks ago
51:33
of copper of a, of a copper squeeze that occurred.
51:36
It didn't get a lot of press, but there was apparently a
51:38
squeeze. So, so copper, I'm sorry,
51:41
silver's half brother. Copper is at near all time high
51:44
territories. If you look at the monetary
51:47
component of silver, right, I think you can compare it to
51:50
gold. And isn't it interesting when we
51:53
look at gold, the gold has recently hit all time highs.
51:56
But then you look at silver, right, the kind of half breed
52:00
between the two of those silver is, is far from its nominal all
52:05
time high and way, way, way far away from its inflation adjusted
52:10
all time high. And the fundamentals for silver,
52:14
I say are are as good or stronger than both copper and
52:19
gold. Yeah.
52:21
So let's take, we all know that the three of those are all
52:24
monetary metals. They also all happen to have
52:27
great intrinsic value. But the reason why silver is
52:31
underperforming so-called is because let's get back to the
52:34
beginning of this movie. It goes back to the Mr. Mr.
52:39
Slammy Tampa de tamp tamp tamparoo.
52:43
I mean, so now that's the smoking gun.
52:46
If you know that someone is doing that manipulation of 400
52:50
paper trades or one day of my of of paper trading equals a year
52:57
of mining, let's just say that's the smoking gun in the store.
53:00
Yeah, there you go. What is it now?
53:02
Well, here, here we'll go. Here's the here's the paper to
53:05
silver ratio. If you can see my yellow finger
53:07
out 400.7. So we're almost to four O 1,
53:11
right? Prove that a day.
53:13
So again, a day of paper equals a year of mining.
53:16
There's 365 days in a year, so that's pretty close.
53:20
That's all the evidence I need to be convinced.
53:23
And why would the banker do that?
53:25
Well, do they want competition for the Federal Reserve note?
53:29
Absolutely not. So it just goes down to that
53:33
they don't want the Federal Reserve.
53:35
All roads lead to the Federal Reserve, right?
53:39
Oh, by the way, any news on their they were under attack by?
53:43
The bank. Yeah, I.
53:46
Haven't I haven't seen anything? I looked last night briefly and
53:49
didn't I know that there was that potential story developing
53:53
that someone had hacked the Fed and was going to potentially
53:56
release a bunch of data, but I haven't heard anything on that.
53:59
At what I did hear were some people that supposedly were knew
54:04
what they were talking about saying that, that they thought
54:06
that it was possibly or likely a bluff.
54:11
Yeah, but who knows, right? I would think the Fed, I mean
54:14
would, would, wouldn't mind, you know, if they had to pay a
54:16
ransom paying, you know, printing up some Fiat and
54:20
keeping that one quiet. But no, I haven't.
54:23
I haven't heard anything. Anything.
54:25
Further, I was just saying all roads lead to the we.
54:27
Oh, there was AI believe there's a senator, there's a couple of
54:31
them that Massey that introduced legislation to end the Fed and
54:35
there's whispering that one of the party's candidates in the
54:38
presidential race, oh, it's Trump.
54:40
He said that he would consider that or at least a point.
54:45
Judy Shelton, who's pitching a gold backed bond T-bond.
54:50
I mean, that's a great idea. And then Luke Gromen's coming up
54:53
with a scenario of $20,000 an ounce gold based on basically
54:57
it's just a, a simple reset of taking our gold inventories or
55:02
take the $35 trillion debt divided by ounces of gold above
55:06
ground and you got it right at 20,000.
55:10
That solves the debt problem. I I thought that was a brilliant
55:13
piece. That well, I, I've got I've got
55:15
another great question for you, John, in my opinion, great
55:19
question. But I, before I do that, I want
55:20
to throw in Jim Rickards is $27,000 gold just by doing
55:27
simple math. And that leads us into my next
55:29
my next question for you and see if I can verbally convey this.
55:33
I actually wrote it down earlier.
55:35
So if you think about all the gold that the United States
55:39
supposedly has in Fort Knox, right, 8000 metric tons, that
55:44
makes us the world's largest holder of gold, right?
55:48
At this point, still, I think officially, if we believe those
55:52
numbers, we are the world's largest holder of gold, right?
55:55
Yeah, even though Alastair McLeod says China has 29,000
55:59
tons. But anyway, that's right, go
56:01
ahead. So, so, so if the world
56:03
continues, if the trend in the world continues towards, let's
56:08
on a very broad basis, we'll say D dollarization and moving more
56:14
toward gold at some point, at some point, because it, let's
56:18
say, if we, if we believe that the US does hold most of the
56:22
world's gold, if that trend continues, where we move away
56:26
from the dollar more to gold, could, could you foresee a, a,
56:30
a, a time when it be when it behooves our government because
56:34
they start to get scared like, well, they're getting, they're
56:36
moving away from our dollar, right?
56:39
And they're, everybody's moving toward gold and all these other,
56:42
all the other, you know, this, this, this, this, this horrible
56:46
gang of, of dictators that we're gonna call bricks that are, you
56:50
know, horrible, horrible people. They're all that that the US
56:53
government might, it might behoove the US government at
56:56
some point out of fear to say we're we need to revalue all
57:00
this gold so that we does that make sense?
57:03
Yeah, we said there there's whisperings that let's say
57:06
you're a politician and you're getting sick of hearing in the
57:09
Fed, In the Fed. You know, it would make sense
57:12
that you could actually throw the Fed under the bus.
57:15
And so now we've, we've liked gold the whole time and it
57:17
solves the debt crisis, right? If you revalue gold now, you
57:21
don't, you can pay the $35 trillion back with $20,000 an
57:26
ounce gold. What do you think?
57:28
You know, so that that means you'd want to get in right now
57:31
with gold at $2300. That's a 10X move or 19 X move.
57:37
I see that happening because Bricks is going to do what
57:40
Bricks is going to do. And you at we may go to a a
57:43
bipolar, not like a mental health illness, but a or a multi
57:48
polar world where we we're just the Western Hemisphere and
57:52
they're just the Eastern hemisphere.
57:54
And you know, everybody lines up and both have sort of a
57:57
bimetallic standard. All everything's on the table at
58:02
this point. Oil for gold, gold for oil.
58:05
Maybe in the end, it could be who holds the farmland in the
58:08
water, you know, or who has the quality of life or who has.
58:13
We don't know. It could be who has the video
58:16
processing cards for artificial intelligence.
58:19
That's what Nvidia's stock run's starting to look like.
58:22
But at the end of the day, you got to go back to Maslow's
58:24
pyramid and know that they're all derivatives of gold and
58:27
silver, you know? And you could argue water and
58:30
air and farmland, but I like where you're going with that
58:34
thesis. But almost like, almost like,
58:37
you know, it, it, it in, in the end, you know, Mother Nature
58:41
always wins in the end. Market forces always prevail.
58:46
That we get to a situation where the United States is, for lack
58:51
of a better way to say it, either forced or it becomes
58:56
abundantly clear that it's the the best idea for the United
59:00
States government to revalue the gold.
59:02
Because if we want to, if we want to continue to play on the
59:05
world stage and, and, and if we want to maintain our, our grip
59:12
on as much of the power that we have in the world, then we're
59:17
going to have to have to use that gold because that's what's
59:21
becoming the, the, the, the, the force of value.
59:28
Does that, does that make sense? I mean, it's kind of a hard idea
59:30
concept to convey verbally, but that it almost forces us that
59:34
we're almost forced to recognize the value of the gold.
59:37
Yeah, when you see that you're just losing so much of your
59:41
sphere of influence and credibility with your trade
59:44
partners, then it forces you to get back to fundamentals.
59:48
I think that's what I'm saying. Back to fundamentals, John.
59:51
Thank you, man. It's been you.
59:54
You are awesome. I want to remind our viewer to
59:57
go to the silver Academy sub stack.
1:00:00
There's a free option that you can subscribe for.
1:00:03
You will get one or two great. I mean really great stuff.
1:00:07
John, Interesting. And you're not afraid to take
1:00:10
the tough subjects on. So guys, go go check that out.
1:00:14
John, Anything I forgot the the OR anything more you want to say
1:00:17
before we before we sign off? No, I just want to say I'm
1:00:20
grateful to you and your fans and your followers because this
1:00:24
is how we learn. And we have to do this every
1:00:26
single day. We we wake up and we figure out
1:00:29
how we can stick it to the man. But let's stay in touch, OK?
1:00:32
Yep, sounds good, John. Thank you.
1:00:34
OK, we really appreciate it and we'll talk to you soon, buddy.
1:00:39
OK, see you, man. Bye.
1:00:40
Bye bye. All right guys, there's John
1:00:44
Little. What a guy.
1:00:45
What great insights he has. And again, I'll say it, go to
1:00:49
the Silver Academy sub stack. I have no financial interest in
1:00:54
recommending that. It's just great, great content,
1:00:57
great material. You'll be glad that you did.
1:01:00
I want to say thank you to our friends who gave some super
1:01:03
chats during the show. Don Howe, thank you for the
1:01:06
Super chat. And our good friend Cliff
1:01:09
Moberg, thank you for the Super chat.
1:01:12
Thank you to our sponsors. OK, we have of course pin backs
1:01:16
where you can get yourself some gold or silver maybe before we
1:01:20
see a a price revaluation in the future. 1st Mining gold and
1:01:25
Fortuna mining. You can check them out at their
1:01:29
websites. I have links to them in the
1:01:31
description of this video. Thank you for being here.
1:01:34
OK you are important. Be nice to yourself today and I
1:01:39
will look forward to seeing you again soon.