Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⭐ ALERT ⭐ You Best NOT Believe THIS!... (Crash, Silver Price and Gold Price)

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⭐ ALERT ⭐ You Best NOT Believe THIS!... (Crash, Silver Price and Gold Price) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
Warning Silver and gold are. Going to crash the stock.
0:05
Market's going to correct, right?
0:07
And that means the price of gold and.
0:09
Silver are. Heading down, down, down, but.
0:12
What about if we consider the other side of the coin?
0:16
Is there evidence in the past? That that's not always the case.
0:20
And could we possibly see? An even even.
0:23
Quicker reaction in the gold price and the silver price
0:27
because it seems like. Everybody just wants to tell.
0:29
Us how if the market corrects the gold and silver price are
0:32
going down, but I'm here to tell you I feel differently and we're
0:37
going to talk about that in this video.
0:39
Thank you to Daniel Bao. What a great comment.
0:42
The word for silver. And money are the.
0:45
Same in at least 14 languages. Yeah.
0:49
So that means like, if in 14 languages you want to say money,
0:53
it's the same exact word that you would use if you want to say
0:57
silver. What does that tell us?
0:59
Let's dig into what Goldman Sachs is telling us.
1:01
And it's not. Just Goldman Sachs, there's a.
1:04
A bunch of other analysts chiming in JP Morgan and Bank of
1:09
America, but this came from Yahoo Finance.
1:11
Investors should go for gold as the Fed rate cut looms.
1:17
That's according to Goldman Sachs.
1:19
Let that sink in. For a second, Goldman Sachs is
1:26
saying this right. Hey.
1:27
Remember, what are the 1st 4 letters in Goldman Sachs Gold?
1:32
Investors should go for gold. As the precious metals stellar.
1:36
Run isn't over, Goldman Sachs analyst said in a research note.
1:41
They say quote our preferred near term long.
1:44
That means their preferred near term investment idea is gold.
1:49
It remains our preferred hedge against geopolitical and
1:53
financial risks. Say it one more time, guys.
1:57
We got to remember. This is Goldman Sachs, the most
2:00
prestigious investment bank. In the world, Goldman Sachs,
2:04
although they do, they are basement dwellers, they do watch
2:07
Ron's basement on the training desk there.
2:09
I have that on good word with added support from imminent Fed
2:13
rate cuts in ongoing emerging market central bank buying,
2:17
wrote Goldman Sachs on Sunday. So this is very recent news and
2:22
very good news. The firm maintains a 2025 target
2:26
of $2700 per oz, issued a long gold recommendation.
2:33
They're telling people to buy gold.
2:35
Now it gets interesting in blue purchases by central banks.
2:41
I know we're going to barf if we hear if we hear that one more
2:45
time. The world central banks are
2:46
buying gold, which is a good thing.
2:48
But come on, man. We've heard it about a million
2:50
times, hit a record in the first quarter and has been one of the
2:53
biggest drivers of the precious metals rise this year.
2:57
Bank of America analysts estimate gold.
3:00
Gold has now surpassed the euro to become the world's largest
3:06
reserve asset, second only to the US dollar and in red.
3:10
I wrote that here. This is the.
3:12
Battle right now. Between precious metals and the
3:16
dollar. Bank of America guys, number
3:19
one, and #2 when it comes to reserve assets in the world are
3:24
gold and the dollar. They are battling it out.
3:28
It's a. Battle for the gold standard.
3:30
I just want to remind you that on gold side we have that it's a
3:34
real hard, tangible and asset. It's fungible, it's intrinsic
3:40
value, and it's been around for 5000 years.
3:43
On the. Dollar side, we have $35
3:46
trillion in debt, really nothing backing.
3:49
It up right? And in a, in a.
3:52
Growing. Growing.
3:55
Critical bad fiscal in monetary policy by the country that's
4:00
backing it up. So that's who's.
4:01
Battling it out right now. In Botha pointed that out, Bank
4:05
of America geopolitical risk such as Israel, Hamas and
4:09
Russia, Ukraine, as well as signals from the Fed of
4:12
September rate cut amidst signs of a slowing labor market, have
4:17
also buoyed precious metals prices.
4:20
We are seeing gold being used as an uncertainty head, said Tom
4:24
Bruni, head of market research at StockTwits, in a recent
4:28
episode of Stocks and Translation.
4:30
People are using gold as a hedge.
4:32
Imagine that. Right, it's worked pretty well.
4:35
For the last four or 5000 years. Very important here, very
4:38
important in bold. Global physical backed gold ETS
4:44
have now seen inflows 3 months in a row as Western investors
4:50
pile into gold. That was the.
4:52
Missing piece that we didn't. Have over the last year the
4:55
Western investor with North American activity outpacing
5:00
Europe and Asia in July, according to the latest World
5:04
Gold Council data. It's happening guys.
5:07
The Westerners are starting to wake up.
5:11
It's very exciting right now what is happening in the
5:14
precious metals market? No, just because the stock
5:18
market corrects crashes just because.
5:21
The. Economy goes into a recession or
5:24
a deep recession or God forbid, a depression.
5:27
If Botenomics doesn't work anymore right doesn't mean.
5:31
That gold has to crash just because it went down during the
5:35
great financial crisis and during the C19 crisis.
5:38
There's plenty of other examples where it hasn't, and I believe,
5:42
well, I'll get into that in a second.
5:43
Bad news. Here's the bad news.
5:46
In the near term, traders may be wondering if gold will succumb
5:49
to a historically negative trend for assets in September.
5:53
The yellow metal has declined every September since 2017,
5:58
according to Bloomberg data. I don't know what to say about
6:02
that. You know, that doesn't mean for
6:04
sure that it's going to go down, but it does mean historically.
6:08
And there's got to be some reasons.
6:10
Behind that, September can be a challenging month for gold.
6:16
OK analysts expect the commodities next catalyst will
6:20
come when the Federal Reserve meets mid-september following a
6:23
week of fresh labor data and crucial monthly jobs report on
6:28
Friday. Barf.
6:29
If we hear one more time about the big jobs report on Friday,
6:33
we're going to talk a little bit more about that later.
6:35
Gold prices, I got something funny to say, continue to hover
6:39
around 2500, with focus primarily on the size of
6:43
expected upcoming Fed rate cut later this month, wrote JP
6:46
Morgan analyst in a note on Tuesday.
6:50
So there we have it. Guys, Bank of America, right, JP
6:54
Morgan, Goldman Sachs, we do not need to have a big.
6:59
Major correction in gold things can be.
7:02
I mean, do you? Believe.
7:03
Thanks again, Daniel for that. Great.
7:05
Comment my friend. Hello to Tim Zoob, good to see
7:09
you on the live. Stream things.
7:12
Do not have to be just because they were that they don't have
7:18
to be the same as they were in in previous sets of
7:21
circumstances. I believe we're in a much
7:24
different set of circumstances right now for gold and silver,
7:28
OK. I believe, I suspect that we're
7:32
going to, we're going to see strength from the precious
7:35
metals very soon again, OK. Even if the general markets
7:39
continue down, what happened yesterday, right?
7:41
The stock market went down big. Gold and silver went down big.
7:45
What's critical? There's a couple, couple
7:47
critical things to remember #1 even in these past
7:51
circumstances, when gold and silver went down with the
7:54
general markets, who was first to come back?
7:57
Do you remember? It was gold and.
8:00
Silver It was the mining stocks in the O 8.
8:03
Financial crisis, even. During the C19 crisis.
8:07
Gold and silver were the first. To snap back and it's happening.
8:11
Quicker and quicker. So even if we do, even.
8:14
If I am wrong? And we do get the big.
8:16
We're going to have. A snap back that will be very,
8:19
very cool and the general consensus is wrong.
8:21
You want to hear a couple other great examples of when when it
8:24
comes to precious metals, the general consensus is wrong.
8:29
Remember in 2022 we had runaway. Inflation, right?
8:35
And what what should have? Happened to the gold price and
8:38
the silver price. They should have skyrocketed.
8:41
That's a fundamental factor. Gold and silver always protect
8:44
against runaway inflation. But in 2022, gold and silver
8:49
didn't do that well. So there are We are ripe with
8:53
examples of when the general consensus is wrong.
8:57
Excuse me. The other recent one is that we
8:59
saw a big rally in the. Dollar and and when we had a.
9:03
Right now, recently the dollars gone down, but a lot of the
9:07
major upswing in the gold and silver price occurred in an.
9:10
Environment when the dollar was actually rallying, Which again,
9:15
right? The gold and silver.
9:16
Should have gone gone down. So the general consensus was
9:20
wrong. Let's run out and take a look.
9:22
Let's do a price update. I know we're struggling a little
9:25
bit this morning guys in the precious metals market, but
9:28
let's go check on the prices. I'm going to go out to our
9:32
friends at channel sponsor Pmbacks.
9:35
This is not up to date. It's going to be worse than
9:38
this. We'll get an update here in a
9:39
second after I say thank you to Pmbacks for helping all the
9:43
basement dwellers get more metal for their money.
9:46
Pmbacks is an online bullion dealer.
9:50
I've received overwhelmingly positive feedback from our
9:54
community. Those of you who have given them
9:57
a shot right when you're online searching to buy silver, gold,
10:01
platinum, group metals, what I hear and what.
10:04
I experienced myself also. Is they always have competitive
10:07
prices, great selection and it's a company you can trust.
10:12
And the packages come up wrapped like Fort Knox.
10:14
It's fun to get a a package from PMBEX.
10:17
And please, please, please don't forget if you ever decide to
10:20
convert an IRA into silver, gold to do a precious metals IRA,
10:26
talk to a lot of people. Take your time.
10:28
Please make one of those people that you talk to Pembex and just
10:33
compare the total amount of Oz of silver and gold you can get
10:38
from all your different options. I think you might be a little
10:41
surprised by what Pembex can do for you.
10:44
Let's get an update. Oh, hey guys, gold is up all
10:50
right, 90. Seven cents.
10:51
We'll take it. Silver up $0.19.
10:54
All right. Hey, we are.
10:55
Moving in the right, the right, right, right direction.
11:00
Even Michael Oliver. Do you know who Michael Oliver
11:02
is? Like one of the top dog analysts
11:04
in the silver and gold community.
11:06
He's saying the same thing. It's not just us basement
11:09
dwellers. And by the way.
11:10
Thank you. For being here?
11:11
Yes, you. I'm talking to you, please.
11:14
OK, I want you to. Feel comfortable here, I hope
11:16
you feel like you. Found a little.
11:18
Home away from home. We're all very nice to each
11:21
other. OK, a little escape from reality
11:24
where we get to talk about what we like.
11:26
Silver and gold. Please give this video a thumbs
11:29
up. We're really pushing to get to
11:30
40,000 subscribers, so if you could subscribe if you haven't
11:33
already, that would be great. And super chats are always.
11:37
Super duper appreciated but Michael Oliver is saying the
11:41
same thing like just. Everybody thinks that gold and
11:44
silver. Have to go through a crash if
11:46
the market crashes or the economy crashes it.
11:50
Doesn't. And I'm telling you guys, is it
11:54
Andy? Scheckman even says this.
11:55
I've heard Lynette Zang say it. That the crisis the.
11:58
Issues that we're having now. Are happening more frequently.
12:03
And on much more severe levels and reactions by the Fed are
12:07
much more quicker Again, what was it 4 weeks ago the the
12:12
Japanese yen carry trade. Remember it was an apocalyptic
12:15
Monday. The world was ending OK and how
12:18
quickly they respond to. Things I'm telling you.
12:22
It could be different. The next six months could be so,
12:25
so critical, so fun for people who are invested in silver, gold
12:31
and precious metal mining stocks.
12:33
No doubt about it. I have a strong feeling, right?
12:36
We talk about $44.00 silver by Christmas guys.
12:40
It could be. It could be.
12:41
Even better. But if we get our $44.00 right,
12:44
will you be happy with that? I'd be happy.
12:47
Do you think we can? Get it?
12:49
I do. If you think we can get 44 by
12:51
Christmas, do me a favor and type 44 there in the comments,
12:56
OK? All right, guys, let's talk.
13:00
About here I have a subscribe. We're going to talk about the
13:02
comment from a subscriber we got.
13:04
We got some controversy brewing here in the basement.
13:08
This was a comment from yesterday from our friend Kenny
13:12
Canoe House 5480. We were talking about the idea a
13:17
silver hermit, but when looking at the Dow to silver ratio was
13:20
talking about how silver could go as high as $4000.
13:24
Now he even said in his interview and I know it sounds
13:26
preposterous. I'm just pointing out what the
13:29
charts are showing as a potential and Kenneth, Kenneth
13:34
Kennu said if Silver hits 4000, there would be a hyper
13:38
inflationary crash, extreme violence, chaos and danger
13:43
beyond historical comparison. This.
13:46
Would be an end of days scenario if the felons at the bullion
13:50
banks lost control. Otherwise, this ain't going to
13:54
happen. I understand what he's saying.
13:56
And that's why I love. Reading the comments guys.
13:59
Because we don't always agree and it gives us a different
14:02
perspective. How do you feel about it?
14:04
Do you think that, you know, even Peter Grandich, when I
14:07
talked with him last week, he was like.
14:09
I don't know that you want to live in a.
14:11
World with $85. Silver.
14:14
I don't know. I.
14:14
Maybe I feel a little different. Maybe I maybe I would want.
14:18
Wouldn't you want to live in a world with $4000 silver?
14:23
My fellow. Silver staggers, you know, maybe
14:26
we're a little different, right? The general population, yes, I
14:29
would say there would be hyperinflation, no doubt about
14:32
it. Violence, society being out of
14:36
control, I could see that happening.
14:39
But I don't think that's a sure thing.
14:41
But I don't. I mean, I know, I'm, I know.
14:45
That that a lot of people. Don't agree?
14:47
With this, and I completely understand and I understand if
14:50
you don't agree with it, but I think we could see silver prices
14:54
during my lifetime. As high as $10,000 an ounce 20.
14:57
1000 Who knows Infinity? Right.
15:01
If the, if, if it's. I mean if you look at the.
15:03
At the at the trajectory of the debt in the monetary system in
15:07
this country in the fiscal irresponsibility being being
15:12
being being undertaken by our elected.
15:15
Officials, it's easy to see. That the trajectory.
15:19
Is not good and eventually the. Hens come home to roost.
15:24
Right. I mean, it happened to Argentina
15:27
it. Happened to Turkey, it happened
15:29
to. A number of different.
15:31
Countries throughout history. It's happened hundreds of times
15:34
throughout history. What's to keep it from happening
15:37
now? I need to take a quick break,
15:39
get a drink of water. What's to?
15:50
Keep it from happening. Again, right?
15:52
Are we different? Is it?
15:54
Really all that different? I would say no.
15:56
I mean I know it feels different.
15:58
How old are you? I'm 54 years old, right during
16:01
my lifetime. This thing, this paper money is
16:06
always. Held some level of quote UN
16:09
quote value. I don't.
16:10
Like it? I think it's it's paper Unicorn.
16:12
Fart dust. I wish.
16:14
That we were still on the gold standard, you know that.
16:17
But just because it hasn't. Happened during my lifetime.
16:21
It's called recency bias. Doesn't mean that it can't
16:25
happen. Who knows?
16:28
Right, I I don't I. But I do believe that during my
16:31
lifetime, the possibility. Over the next 20.
16:35
Years. 30 years, The possibility of the dollar.
16:38
Going down massively in. Value is a real possibility.
16:43
OK, a real a real maybe. It's a stretch to call it a
16:49
likelihood, but it sure is. It is within the realm of
16:54
reasonable possibilities in what what this is.
16:58
This gets scary. Let's talk about now.
17:01
What proof do we have that the? Economy is slowing.
17:05
Down right now. We got some apocalyptic numbers
17:09
yesterday. Let's go out and take a look
17:11
here. This comes from Zero Hedge US
17:20
manufacturing ISM signals accelerating stagflation.
17:26
Why is stagflation a big deal? The S.
17:28
Word right, guys, we know. Stagflation during the 1970s was
17:33
one of the primary reasons why the gold and silver price, I
17:37
mean silver went from like $1.50 to $50.
17:42
Gold went up like 17. Times in value.
17:45
One reason why stagflation A stagnant economy with inflation.
17:52
OK as the PMI turns downright apocalyptic.
17:56
These numbers come from like the Institute for Supply Chain
17:59
Management. I don't think they're part of
18:00
the US government. So these numbers are maybe a
18:03
little more reassuring. Stagflation, stagflation.
18:07
I wrote. These are my my comments are
18:09
always the ones in red. Plus a crazy election on the
18:13
horizon. Wait till you read.
18:18
Wait till you hear some of these comments.
18:20
OK. So ahead of ahead of the payroll
18:22
report, again, that's Friday. That's the biggest piece of news
18:25
in the history of the world. There were rising expectations
18:28
that the economic rebound observed in the past two weeks
18:32
and following the dismal July jobs report would persist.
18:35
Alas, those hopes were promptly crushed moments ago when shortly
18:40
after a dismal US manufacturing PMI report.
18:44
Dismal. OK. the US manufacturing sector
18:48
is imploding and the economic contraction is accelerating.
18:53
Imploding and economic contraction accelerating.
18:58
Hold on a second here guys, let. Me go back.
19:01
And look at you. I need to fix something in the
19:04
settings. Hopefully you guys can see me
19:05
and hear me. All right, Hold.
19:07
On one second here and. Audio and OK.
19:14
Hopefully that's. Better, I got the washing
19:16
machine running. We're doing a live stream and
19:21
laundry simultaneously. OK, back to our back to the
19:25
implosion of the US economy. The contraction?
19:29
Was broad based with the index posting declines in the all
19:32
important new orders production and employment.
19:35
This really isn't the interesting part.
19:37
The interesting part are are interesting are are scary
19:41
comments from businesses about what they're seeing.
19:44
Adding insult to insult to injury, the closely watched ISM
19:50
new orders to inventory ratio suddenly plunged back into
19:54
recession levels because inventories unexpectedly soared
19:59
most of the last month. Inventories are building up at
20:02
companies they can't sell things, signalling that the
20:05
manufacturing pipeline is now hopelessly clogged.
20:08
Price liquidations are imminent and mass layoffs are about to
20:13
begin. OK.
20:17
Here's some Here's some quotes from businesses.
20:20
These are directly from businesses.
20:22
A noticeable a noticeable slowdown in business activity.
20:26
Orders have slowed significantly.
20:28
New order intake is sluggish at best.
20:32
Our order levels are are on a slow, steady decline.
20:36
Business is cooling down and we don't expect a rebound until
20:40
after. The election we are preparing.
20:43
For a slowdown in US auto sales. At the same time, pent up demand
20:48
seems to be growing for housing and remodeling.
20:50
Interest rate cuts may not happen soon enough to have an
20:53
impact this year. Here's.
20:56
Let's let's just read this. I'll read it quick guys, but
20:59
this is from the PMI. This is our economy right now.
21:04
A further slow down lurch in the PMI points to the manufacturing
21:08
sector acting as an increased drag on the economy midway
21:12
through the third quarter. forward-looking indicator
21:14
suggests this drag could intensify in coming months.
21:19
Producers are also reducing payroll numbers.
21:22
That's layoffs for the first time this year and buying fewer
21:25
inputs amid concerns about excess capacity.
21:29
Gloomiest. Forward, forward indication of
21:32
production trends seen for 1 1/2 years OK, Although falling
21:38
demand for raw materials has taken pressure off supply
21:41
chains, remember that the big supply chain issue, rising wages
21:46
and high shipping rates continue to be widely reported as factors
21:49
for pushing up input cost, which are now rising at the fastest.
21:53
Pace since April. This is our economy right now,
21:58
guys. It is.
22:00
I won't say. In a free fall, but absolutely
22:03
in a contraction and remember when we have a contracting.
22:07
Economy and we have inflation because.
22:11
Inflation's not going anywhere. We have stagflation and when we
22:15
have stagflation, people. The stock market doesn't look
22:21
good. No, right?
22:23
The real estate market's already in a bubble.
22:25
OK. In bonds.
22:27
They're gonna have to lower interest rates.
22:29
We know that's supposedly coming.
22:32
Bonds right? CDs look less.
22:35
Attractive, right, If you were getting 5% on a 12 month CD and
22:40
now you're only going to get 3%, but inflation is running at 8%
22:46
or 10%, which is what we. Could see next year OK.
22:50
You going into 2020, five 2026? Think about that.
22:54
If you have ACD that comes due certificate of deposit or if you
22:57
have money in a money market account, you're making 5% right
23:00
now. In six.
23:01
Months from now, you're making 3%, but inflation is taking off
23:06
again, 8%, nine percent, and you're an average person.
23:10
You're going to be like what this?
23:11
I don't want this. Where are they going to turn?
23:13
They're going to turn to precious metals.
23:15
There's no doubt about it. They're going to turn to
23:18
precious metals. That's.
23:20
Why stagflation is the most? Fertile soil.
23:27
For gold and silver. And that is where we're heading.
23:30
Remember this guy, right? Where is he?
23:34
Remember him? Jerome Powell.
23:36
Yeah, we're going to. Hear from him in a few weeks.
23:39
But he's in a box in. Literally, he's in a box.
23:42
Because he's got. A recession to deal with on one
23:45
side and an inflation problem. And on the other side, right,
23:50
that is stagflation. There's no other.
23:54
Way around it. There's no.
23:56
Other way around it, OK. And we're in the middle of a
23:59
regime change at the Fed, OK. They are cutting rates
24:04
everybody. It's we're in a rate cut cycle
24:06
now, OK, That's always supportive.
24:09
The dollar is dropping. Let's go.
24:11
Take a look at the. DXY index the last time we
24:14
checked. Let's go.
24:21
To MarketWatch and see how the DXY index is doing.
24:27
Make sure I got you. Guys, on the right screen I do.
24:29
Hey guys, thank you for being here.
24:30
I want to hear. From you, please leave comments
24:33
in the comments section. OK, so the.
24:38
DXY right now is we have a slow loading computer.
24:47
Here we go. One O 1 it.
24:50
Really took a dive. Wonder what happened?
24:53
Something kind? Of news must have came out it
24:55
was at 1016. That's a pretty big move in the
24:57
DXY index. But the dollar is dropping.
25:00
We're in the middle of this rate cutting regime change while
25:04
we're here just because we all love to remember this, OK?
25:09
And I love to color and draw for you.
25:12
Let's not forget, let's move this.
25:16
Out of the way. OK.
25:18
This is a 45 year chart of the DXY index.
25:22
Guys look at that red line. How often has has the dollar
25:27
been stronger And this is relative terms, but people
25:31
follow it very little, very little in the last 45 years.
25:34
We still and the the message there is we still have the
25:38
potential for a big drop in the dollar.
25:41
Imagine if the DXY index. Were to go to 75 OK, remember.
25:47
OK, remember, hold on here this. Drop that we had from about O1.
25:55
Hold on here, this was. Party time for gold and silver.
26:00
All right, we're going to draw. Another line here soon as I get
26:02
my act together. This.
26:06
This move that we had. OK, from about. 2001.
26:13
Down to. Let's say 2011 time frame.
26:17
You see that? That's when the dollar index
26:18
went down. That's when.
26:20
Silver went from like $4.00 an ounce.
26:23
To $50 per oz. OK, could we see that again
26:28
forming starting from here? Could we be as we look?
26:33
Look out and I just am screwing everything up.
26:37
Sorry about that guys. As we look out into the future,
26:42
could we see the dollar index heading further down in the next
26:45
two to three years? I am here to tell you that would
26:48
be super unbelievably bullish for for the silver and gold
26:55
price. We also know right now
26:58
Treasuries are. Being sold.
27:00
OK. The dollar is.
27:02
The the. Dollar's being sold, D
27:04
dollarization bricks, major bricks meeting coming up here
27:08
October 22nd, 23rd. Going to be very interesting for
27:12
silver and gold investors right before the big election in the
27:16
United States. Can you imagine what those last?
27:20
Few weeks of of October going into early November are going to
27:23
look like. It is going.
27:25
To be crazy town. Guys right, Who knows what the.
27:29
Bricks are going to say. Potential for a gold?
27:33
Backed trade settlement currency while at the same.
27:35
Time we could be having. Some very interesting
27:39
developments socially, politically within the United
27:44
States as we're heading into this very contentious
27:48
presidential election, right? It's absolutely crazy.
27:51
We talked about this earlier. This is.
27:53
Big This should be. This should be.
27:58
We should you, you. You should be mad.
28:00
I am mad. I'll be mad for you.
28:03
This should be the top story on CNBC.
28:06
This should be the top story on Yahoo Finance, Barron's, The
28:10
Wall Street Journal. The gold has now.
28:14
Become the number two world reserve asset.
28:19
Overtook the euro. Just let that sink in again for
28:23
a second. OK, gold is now. #2 it's a
28:27
battle between the dollar and gold.
28:31
And you know what? I'm.
28:32
Going to repeat myself. I apologize.
28:34
Susie likes to call me Ron the Repeater.
28:36
You can call me Ron the Repeater.
28:37
I'll call you basement dweller. And it's a big deal.
28:39
You're here. We appreciate you.
28:41
Thank you. OK.
28:42
We love talking about our silver and gold, but guys, this battle,
28:47
guys. Gold has become the number.
28:50
Two world reserve asset what? Is that telling us?
28:54
I don't think we're, I don't think you know, that should be
28:57
headline news. But it's not because.
29:00
We know, we know. That the US government.
29:03
We know that the Federal Reserve hates gold.
29:07
It's been their enemy. Kryptonite, right for years and.
29:10
Years go, here's the dollar. I'll use a silver.
29:16
Coin. And here's gold right, moving
29:19
its way up. OK.
29:22
It's I'm sorry. But it's happening.
29:26
And and don't forget, don't forget, it's the biggest news
29:29
story. And it and it's a.
29:31
Good thing, right? That it's being suppressed, I
29:34
believe. Feels like it.
29:35
Nobody's talking about it. They're not.
29:37
I mean, Jim Cramer's not talking about it on.
29:40
Mad money or anything like. That he should be banging the
29:43
table saying buy gold mining stocks, buy gold mining stocks.
29:47
Gold's become the number 2 reserve asset in the world, but
29:51
they're not. It's a huge, huge deal.
29:54
And think about this. This is scary, but it's true.
29:59
Further. Evidence of this battle going on
30:02
between between right now, the dollar and gold.
30:07
The dollar is the dollar crashing, right, everybody?
30:10
Wants to talk about waking up and the dollar crashed like
30:13
we're going to. Wake up one morning, it could
30:14
happen. I don't.
30:15
I'm not predicting that will be the case.
30:18
Right I'm. Not predicting that it could
30:20
happen. There's Operation Sandman, which
30:23
I don't really know a lot about. I don't that's a very
30:25
speculative idea, but nonetheless, there's some people
30:29
that like to spread, you know, some fear that oh, you could
30:32
wake up one morning and your dollars, you know, worth 40% of
30:37
what it was the night before. That's happened plenty of times
30:39
throughout history, throughout the world, but.
30:42
Consider this is the dollar crashing.
30:45
Right now. Right now for you and.
30:47
Me just in slow motion. Thank you.
30:50
Cliff man, thank you for that super.
30:53
Chat super appreciated. Cliff Moberg, my friend.
30:58
Here here's an. Easy way for you to think about
31:00
it. Think.
31:01
About your dollars right now relative to housing.
31:06
Think about your dollars right now relative to oil or gasoline.
31:12
Think about your dollars right now relative to food.
31:17
And then? Compare that to 10 years ago.
31:20
Compare that to even just five years ago.
31:24
Doesn't it? Become clear right that your.
31:27
Dollars if you compare. It to housing for most people
31:30
throughout the United States, your dollars today by about as
31:35
much of the housing as they may have bought five years ago.
31:40
Right. What about?
31:41
Food your dollars today, maybe. By, I don't know, 60. 65% of
31:47
the. Same food that they bought.
31:49
Five years ago and you know, the gasoline's up, oil's up and
31:53
there's a many other comparisons as well.
31:56
So I think it's pretty easy. If you take a step back to see
32:00
that the dollar is crashing, but it's doing.
32:03
It in a more controlled slow motion manner.
32:09
Now it could accelerate, right, Because as the US debt goes up
32:12
further and interest expense goes up further, which adds more
32:15
to the debt and we have deficits and all that, it could, it could
32:19
turn into more of a, you know, a debt spiral, a really bad
32:22
situation, but at minimum. We know that the US dollar you
32:27
know you can. Say, oh, it's lost some value.
32:29
Well, it's lost a lot of value. I think it's safe to say that
32:32
it's pretty. Much crashed in the last three
32:35
to five years alone, about 2030%.
32:38
Isn't that a crash 40% then when compared to housing.
32:42
It's even crazier, OK? And what do we know that the
32:46
world is saying? That what the world is saying
32:48
right now when it comes to the dollar is out with the fake and
32:52
then with the real. Vladimir Putin even said it.
32:56
Like two years ago he was like, he said something along the
33:00
lines of like good talking about the West and the Fiat money
33:04
systems. He said good luck eating your
33:08
paper dollars. Good luck eating your tech
33:10
stocks. Like we're.
33:12
Tired of the make believe? Synthetic.
33:16
Money systems and the financial games that are being played by
33:19
the West. So I'm just reporting the facts,
33:22
OK, just reporting what they're saying.
33:24
And and I had an interesting conversation last night.
33:29
Hold on one. Second, I want.
33:30
To tell you a quick story, hold on one second about this economy
33:34
and stagflation. So I grew up.
33:44
With this guy named SpongeBob, it's not his real name.
33:46
His real name is Timmy. He's my cousin.
33:48
We've been friends since we were born.
33:50
He's like a year older than me. Our mommies.
33:52
Are sisters. He owns a.
33:54
Business and it's a very successful business.
33:57
He's been doing it for like 20 years, photography business
34:00
where he goes travels around the country to these high end dance
34:04
competitions and would take pictures of all.
34:07
It would go on for like the whole weekend, you know, like
34:09
the dance mom thing and all that.
34:11
He's done very, very well with this business for decades.
34:14
Very well. I was talking to him last night
34:17
and he was expressing frustration and concern.
34:21
He was like, we're not making that much money anymore, not
34:24
like we used to. He said there's two things going
34:26
on. And this is a.
34:28
This is a. This is stagflation.
34:30
This is the. The absolute This is how
34:32
stagflation hurts real, everyday people.
34:36
He said people aren't buying the pictures.
34:39
They don't have money. The the not as much disposable
34:42
income to buy the pictures and trust me a dance mom.
34:45
If they've got their. Little you know, kid at the
34:47
dance. Competition if they'll spend. 40
34:50
or 50 bucks for a picture if they got it.
34:53
Right. I mean cuz those.
34:54
People are fanatical about this stuff, which is great, and I'm
34:57
not putting anybody down. Select sports, dancing,
34:59
whatever. But those Dance Moms, you better
35:02
believe they'll buy the picture, right I.
35:05
Mean if if it's between. Anything in the picture, they're
35:08
going to buy the picture, but they don't have.
35:09
The money, so sales. Are going down at the same time.
35:13
He's like, man, it's like. Twice as expensive now since.
35:18
He said since C 19 that hotel rooms are twice as expensive
35:23
gas. Fuel.
35:24
He's got a big. F-350 truck he drives around
35:27
with a trailer all over the country, he said.
35:29
Gas, diesel fuels, like twice as expensive.
35:32
So what he's. Experiencing is stagflation.
35:35
People aren't buying the pictures right?
35:39
And at the same time, right? He's.
35:41
Dealing with inflation. OK, that's it.
35:46
That's what's going on. OK.
35:47
So as we as we look at what's. Happening.
35:51
That's a micro example of what's going on across the country on a
35:55
macro level and. Stagflation is going to be.
35:58
Rocket fuel. Do you believe it?
36:01
Can you understand? Why right because it's a from
36:06
every angle, every way you look at it.
36:08
Stagflation is good for the gold price and the silver price.
36:12
I made a video about this that I think comes out later today, but
36:14
I want to touch on this right now.
36:17
What this? This is a.
36:18
Exciting for the precious metals regarding what happens when the
36:22
Fed lower rate lowers rates. These are some facts.
36:25
There's a lot of ideas, but here's some facts.
36:29
When the Fed lowers rates. When interest rates come down.
36:33
People won't be able to make 5. Percent of their money market
36:36
accounts their CDs. And will be looking for a.
36:39
Safe harbor investment. But here's what's critical to
36:42
remember. Those trillions of dollars,
36:45
right? Those trillions could come into
36:49
the gold. And silver market, we don't need
36:52
all of it, right? Heck, the whole.
36:54
Silver market's worth what, 27 billion?
36:58
It's just a annual. Annual output A billion ounces
37:02
of 2828 billion, if just a little portion.
37:05
Of that comes into the precious metals market, that's huge
37:09
trillions of. Dollars sitting in CDs.
37:11
And money markets, but think. About this, that money that's
37:14
in. CDs and money markets, that's
37:16
safe harbor money. That's money people don't want
37:18
to put at. Risk.
37:20
So when they start to look and say, well now I can only make
37:22
3%, gold and silver are going to become more attractive because
37:27
point #2 inflation will be taking off when the Fed lowers
37:32
rates. We are primed.
37:33
We are on the. Launchpad be.
37:35
Prepared over the next 18 months for another major wave of
37:39
inflation. So if suddenly the general.
37:43
Person out there who had their money and ACD.
37:47
Now is only. Making 3%.
37:49
But they're realizing that because of interest rate cuts
37:52
and other factors, inflation's taking off at the same time, not
37:56
only. Are they making less?
37:58
Earning less on that money, but they're losing more to inflation
38:02
that will make gold and silver. Again, even more attractive.
38:07
Is this making sense? While at the same time.
38:11
When the Fed lowers rates, usually the stock market goes.
38:14
Down. In why?
38:16
OK, because of stagflation. Right, right.
38:20
The Fed's going. To lower rates, if inflation
38:23
takes off, we're going to see cost for businesses go up and
38:29
up. And up.
38:30
And they're not. They're going to have a hard
38:32
time raising prices. And if you think about it for a
38:36
from a business perspective? If the Fed's.
38:40
Lowering rates. That's because the economy is
38:43
slowing down. Thank you shadow Work for that
38:45
super chat my friend. OK.
38:48
So the stock. Market's going to look bad.
38:50
Right, so here we. Go real quickly.
38:51
We'll sum it up. the Fed lowers rates.
38:54
People can't make as much money on their CDs, their money
38:57
markets, their safe harbor, money they're losing to another
39:00
round of inflation. OK.
39:03
The stock market at best will stagnate, right, because we're
39:07
in a stagflationary environment. Where are people?
39:10
Going to put money. They're not going to want.
39:12
To keep it in CDs making 3%, one percent, 2%, they're not going
39:17
to want to put it in Treasury bonds.
39:20
They're not going to want to put it in the stock market because
39:22
it'll be stagnating at best. And real estate's already in a
39:27
bubble. I mean houses have gone up 100.
39:30
Percent in the last. Three years, who's going to buy
39:32
a house is an investment. OK, the money is going to go to
39:36
gold and silver. That's what I think.
39:38
Hey guys, thanks. Hey, let's go check, let's let's
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say thank you to our sponsors first Mining gold Canadian gold
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friends at Pinbeck's, but we're going to go out to Pinbeck's
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right now. And do a checaroni on.
40:07
The old and silver price, let's see if we're still green Take
40:10
your blood pressure medicine. Who knows guys, I'm going to
40:13
press the Pinbeck's magic button here and get an update, but
40:16
let's see where we are and all. Right.
40:19
Awesome. Woo Hoo, way to go, pin.
40:22
Backs up $5 on. Gold and up $0.28 forgot.
40:27
To talk about this. I apologize I.
40:30
Owe you an apology. Owe you a big apology.
40:33
You. Know and it's not.
40:36
Just me 30. Dollar silver is critical.
40:39
Right now getting above 30. Dollar.
40:41
Silver is absolutely critical because we are.
40:45
Then off to the races. But also right now.
40:50
From looking at. Charts from absorbing just an.
40:54
Endless amount of data and. Information about the silver
40:58
market. Holding the.
41:00
Line at $28.00 right now is very critical on a short term basis
41:05
this week for silver. If we can end the week $28.00 or
41:09
higher, I'm telling you we could be in for a a quick big move
41:14
upward sooner as opposed to later.
41:18
OK. And let's just review.
41:21
What the heck here guys? You want to hear some?
41:23
You want to see the good news? Because once we get above 30.
41:30
Here's the facts. This will be the fastest reading
41:32
I've ever done for you. There's not a lot of people
41:35
little overhead resistance above 3030 is is essentially for all
41:40
intents and purposes the all time high for silver.
41:43
In my opinion, very few people want to sell silver above $30.
41:48
The unwind. Of the short position, we looked
41:50
at that yesterday, right? There's like 500 million oz sold
41:54
short. Those people would freak above
41:56
3045 year cup and handle formation the most powerful,
42:01
probably the longest cup and handle epic one for the
42:06
textbooks in the silver price right now.
42:09
We got new stackers coming in. It's happening right now.
42:13
The precious metal ETF buying is on the upswing.
42:17
China and India investors, right?
42:19
They've taken a little break, but they could come running
42:21
back. We know for silver, industrial
42:24
demand still is coming up in the deficit, plus depletion of the
42:28
slush fund. Guys, we haven't talked about
42:31
this in three days. Let's not forget, right?
42:34
Right now. Right now the above.
42:37
Ground reserve of silver. Every single day, drip, drip,
42:41
drip, drip, drip is being drained.
42:44
That's an absolute fact. And it's an absolute fact that
42:47
that amount of silver above ground, the amount of silver in
42:51
the ground, is finite. It's not unlimited.
42:54
You can't. Grow.
42:55
It's not like trees or wheat or anything else, right?
42:57
There's only so much we know that Mexico.
43:01
The number one producer. In the world for silver is
43:04
making it increasingly difficult for silver miners to mine,
43:08
develop or even explore for silver in their country.
43:12
We got the US dollar bear market, we talked about that
43:14
earlier, right? If we go into another 10 year
43:17
bear market in silver, we could have returns similar to what we
43:21
had from O1 to 2011 when silver went from O $4.00 to $50.00.
43:26
The US debt, no matter what they do.
43:29
Right. The fact remains.
43:31
Whenever what the Fed does, no matter what the Treasury does,
43:34
we have a crazy insane. Amount of debt deficit fiscal.
43:39
Mismanagement in this country and we've got the geopolitical
43:42
issues as well. Hey, guys, thank you for being
43:45
here this morning. OK?
43:48
Seriously, you are the most important part of the basement.
43:51
Susie myself. Thank you to the moderators.
43:53
I see Jake from Jake's custom parts, Annie Oakley, big Tim the
43:58
silvershire. Please say thank you guys to the
44:00
moderators. They do a lot to make this
44:02
happen. Of course, all the sponsors.
44:05
Hey, don't forget, please subscribe.
44:08
We're trying to get to 40,000 thumbs up super chats.
44:11
Thank you guys for the support and I'll see you soon.