**WARNING** Are You Ready for Silver and GOLD SHORTAGES??

**WARNING** Are You Ready for Silver and GOLD SHORTAGES??

never before in our lifetimes have we seen a situation like this in the gold in and silver markets never ever before we’re going to talk about some crazy data today the latest information we have about gold buying silver buying from all around the world and it’s a setup that US Gold and Silver investors are going to like very very well but also we’ve got crazy new news starting to circulate about a government stimulus program we’re going to dive into what the government’s going to do that may affect your mortgage as we head into an election year I’m sure it has nothing to do with the upcoming election but there could be big big changes in the residential real estate market and the mortgage market and it all spells stimulus it all spells money printing which you know at the end of the day will be good for the gold and silver price I appreciate you being here with me this morning please give this a thumbs up you can subscribe to the channel that’s free and Ron McAdams thank you for the super chat but let’s get started by digging into some latest the latest the latest and greatest information from our friends at the world gold Council I believe let’s go up here make sure I’ve got that right yes the world gold Council and I may maybe yes here we go there’s pinbacks and there’s the world gold Council gold demand Trends we just got the q1 first quarter gold numbers and I’m show you a couple crazy graphs okay but you’ve probably heard basement dwellers that the world central banks are buying a lot of gold we know the reasons why but this is turning into a massive positive setup for all the precious metals here central bank net demand total 290 tons in q1 the strongest start to any year on record you sound a little muffled I sound muffled okay hold on that’s okay hopefully that’s better um the strongest start to any year on record suszie just informed me that the audio is not good so hopefully you guys can hear me and I sound decent the strongest start of any year on record I won’t say it again but what does that tell us right never before has so much gold been purchased by central banks in one quarter in the history of the universe what is this telling us guys and I’ve got some more information that I’m going to talk about in regards to that that that is I mean uh here I wrote this down where did I put it what is so close to us often gets forgotten the quickest the things that are the most obvious often get uh forgot the quickest I’m gonna check in with Susie real quick and see if the audio’s gotten any better Susie breaker breaker is the audio any better it but still little tin but okay all right I apologize guys for the audio hold on one second here let me make sure that we don’t have anything hello hello hello okay hold on yep we’re good all right strongest start on record I’ll say it one more time apologize for the technical difficulties here it is right here okay q1 2023 286 tons q1 2024 290 tons of gold okay central banks accelerating their gold purchases above 1,000 tons per year in 202 2 and 2023 this is demand for gold this will translate into demand for your silver as well what is this telling us right we often forget the most obvious things you ever go looking for your glasses and they’re on your face already I mean this is kind of right in our face blaringly obvious will this be a situation where five years from now we’re going to look back and say oh my gosh it was so obvious I wish I’d bought more silver I wish I’d bought want more gold I’m not giving Financial advice I’m just saying what could happen this graph shows it all right here look this is a q1 is the blue bar on this graph for all these different years yes 2024 on the right hand side where’s my cursor right here as you can see is the highest ever okay and then the green is the rest of the year what will this year turn out to be right will we have a record year alog together all indications are a go guys and this will impact the price of silver as well this marks the 17th consecutive monthly increase uh helping to lift its report this is China that they’re talking about uh helping to uh lift its reported gold Holdings to 2262 tons 16% higher than at the end of October 22 uh this the the data indicates that this is the peach right the People’s Bank of China longest ever reported streak of monthly additions to its gold reserves and we’re going to talk about the bricks gold currency as well there there is so much going on and then we’re going to talk about this stimulus program that may impact you at the end of the video but we’re going to talk about a bricks uh potential gold currency nobody’s talking about that anymore all right India grew their reserves here here’s all the countries that bought okay year to date Central Bank net purchase and sales by country look at Turkey wow China wow India wow uh kakistan Czech Republic that’s where Susie’s from Oman Singapore look at the big countries though are these bricks countries well turkey’s not a bricks country but nonetheless they’re more of an Eastern country China India bricks right they’re the ick in bricks so that’s what we have going on right now in terms of big news but again in a little bit here we’re gonna we’re gonna get a uh one man’s in a lot of people’s opinion on this idea that we could be heading for a bricks gold backed currency what about our friends at City Bank let’s go talk you want to hear about $3,000 gold where do you think silver will be when we get $3,000 gold what do you think $3,000 gold I mean um that’s when I see the silver price starting with the number six right what do you think right maybe it could be seven maybe we could be in the 70s maybe it’ll be in the 50s but we know one thing for sure silver has so much catching up to do to the gold price already right we’ve talked about this the gold to Silver ratio I haven’t checked it lately but I’m sure it’s above 80 still right maybe 85 range historically that’s been as low as it’s been as low as seven at times but in recent history right I think the average that I hear is like 6050 range if we had a a gold to Silver ratio right now if we had a gold to Silver ratio of 50 and the S and the gold price is 3,000 which one of the biggest in banks in the world is is calling for $3,000 gold but if we had that 50 uh to one gold to Silver ratio we’d have the silver price at $60 so call me crazy that’s easy math right world’s biggest bank $3,000 gold long-term average we’ll say 60 for the gold to Silver ratio that gives us $50 silver that’s darn near twice where we are right now can you imagine can you only imagine oh it’ll be a it’ll be a nice day but imagine what the silver mining stocks will do at $50 silver the miners would be generating like twice as much Prof and the cool thing about silver guys this is something that nobody talks about but the coolest thing about silver is that nobody’s been investing into silver mining so when silver does go when it does go to 5060 $70 per ounce guess what there’s going to be a flurry A Rush of money coming into physical silver yeah I’ll show you some silver in a little bit don’t you worry but also into the mining stocks and and on top of that here’s the really good news for physical silver and the the the the silver mining stocks it’s going to take a decade for the mining industry to catch up to the higher prices okay they can’t just turn a knob and suddenly discover develop permit build and start pulling silver out of the ground at minimum at minimum it takes 10 years we could be in for a that’s the 10 years bll run oh my gosh it’s all coming together for us now right we hear about that though from 2002 to 2012 we had a 10year bow run in the precious medals why why because demand and price go up and the miners just can’t they say price fixes everything it does but it takes 10 years okay so you we could be in for a a 10-year Bowl run in the price of the medals I don’t care you don’t have to agree with me but I believe we’re on the precipice of that not to mention with silver with silver right the demand profile and we’re going to touch on that earlier the supply demand Dynamic right now the deficit that exists right now right in that market it’s crazy it’s crazy okay and I want to mention to our friend Neil from Neil Hans Dynasty I give you my word next week I will Neil put together a really cool informational a short video about crystallized OSI I will play it next week I’m having audio issues I thought I had it figured out anyway we’ll make that happen next week let’s go to City Bank let’s just quickly go check out our friend at City Bank okay no gold sticker shock this is the headline from our friends at Kito Michael McCrae no gold sticker shock that means people aren’t are you shocked $2300 gold oh is that shocking to you right I mean maybe it should be right let’s hop over right now let’s go check on the on the up oh gosh the gold price hasn’t changed in two days $2300 is that sticker shock it’s it’s I don’t know we talked about it back in December I’d predicted $2600 Gold by may we got a 100 thumbs up okay thank you Susie all right no we don’t have sticker shock right I’m shocked we’re not at 2600 here we are in May but we’ll take the 2,300 because we had $1,900 gold what about silver 2660 per ounce is that sticker shock I don’t think so but while we’re here let’s say thank you to channel sponsor pinck p i MBE ex I love to spell it I love to say it pinck because I think pinck is best if you’re in the market for some gold silver maybe Platinum Group medals do yourself a favor I never will tell you what to do but you’ll benefit by throwing pinck into the mix if you’re shopping online for any of the precious metals because you want to work with a company you can trust do your own due diligence you want to get the best price compare the prices right and you want to make sure that you’re getting uh a the the the topnotch customer service for me they check all the boxes they did before I took them on as a sponsor and it’s been a real honor to have them as a sponsor so thank you pinck and if you ever decide you want to convert all or some of an IRA uh into precious metals you’ll find that they can probably provide you again with more medal for your money let’s go back to the no gold sticker shock City ah how do you pronounce that when there’s two A’s ahash Doshi on higher price precious metal prices and in elastic buyers very interesting okay so let’s just go down here okay historically the demand side of The Ledger has been driven and led by jewelry demand consumption could be as high as 50 to 55% for gold jewelry that started to shift over the last 10 or 15 years I wonder why maybe that world gold Council data that we just looked at okay it really started with the great financial crisis so for for four decades prior to the GFC and following the Nixon shock central banks were net sellers of gold they provided net supply to the market after the great financial crisis you saw central banks emerge as net buyers okay uh central banks have been buying more gold yes we know that already aash central banks are now consuming over 1,000 tons per anom this is Supply being taken off the market and from a m production standpoint we got to remember guys where this stuff comes from that now represents up to almost 30% of annual mine production let’s get down to the fun part do you see it I see it hold on I’m have a sip of coffee in a research note Das Doshi predicted that gold this is City Bank guys this is one of the world’s biggest investment Banks could reach $3,000 per ounce by 2025 let me remind you we are onethird of the way through 2024 2025 is eight short months away $3,000 per ounce he must be be joining us here down in Ron’s basement right Doshi attributes this potential surge to strong investor demand let’s talk about that in a second particularly in physical gold evidenced by a significant increase in bar in coin sales since the onset of the pandemic he also notes record level purchases by central banks if I hear that one more time I’m going to puke particular but a good PUK because we like that particularly those in Emerging Markets as a contributing factor to this upward Trend yes the Emerging Markets are buying record amounts of gold Doshi us basement dwellers can inform you as to why because they don’t trust the United States any longer but what he talks about is investor demand strong investor demand yeah sure we’re seeing strong investor demand in places like China and India but investor demand the United States right the world’s largest economy is still quite low what happens I want to ask you this question think about this the table is set we have never before in our lifetimes any of us seen such a setup for the gold and silver price right it is so set up Supply demand all the Dynamics all of this has happened guys in an environment where there has been muted limited uh lower demand from the United States and Western Europe what happens when the demand comes back in the Western countries when people wake up I haven’t given you the speech lately right but I hate to tell you this basement dwellers we are lone wolves in the United States we are Rebels right we are the black sheep we are the one in a 100 the few the proud the basement dwellers the silver stackers the gold bugs whatever you want to refer to yourself is the people of we’d like to think a little Superior intellectual abilities the ones who can see the forest through the trees right we’re ahead of the curve we’re looking around the corner and then we’re looking around the next Corner we’re seeing into the future we’re scared we know you know how to work a calculator right look you probably are one of those people right you you may be early sometimes being early feels wrong right but I don’t think were’re wrong because right now when we’re one in a 100 when two or three of your neighbors decide to join us right when America really starts to wake up when they when the dollar continues its slide in real value right and those people that are like well you know whatever I’m not gonna make I’m not I’m not poking fun in anybody good for them they’re living in Oblivion when the people in Oblivion are forced to wake up and we get increased investor demand in the west in the United States the wealthiest country in the world supposedly uh we will see an influx of money into the silver and gold market that will knock your socks off okay and I’m gonna knock your socks off with a few more things wait till you hear about the stimulus Pro you’re G about to get stimulated how do you like that I’m gonna stimulate you about stimulation a little bit later in this video are the bricks countries are they or aren’t they I don’t are the bricks countries starting a goldback currency there’s now I’m hearing Rumblings about this I’m hearing people talk about a may4th meeting between the Russian what’s his name I’ll get it for you here in a second their Finance guy whatever and China the Russians are heading up the bricks this year are we gonna hear about some form of a gold backed currency Gold’s already backing the world we know that we know from seeing the uh uh the the extras pyramid I may just pull that up for you here in a little while because that upside down pyramid always makes us smile but let’s go and see what the bricks are doing uh right now this comes from our friend John over at the pickaxe right always putting out great information the G brick which stands for the gold brick thank Craig for a super chat okay thank you Craig for the Super Chat Super Chat okay we’ll pull it up here in a second the G brick they’re calling the now the gold brick unfurled gold back currency the US dollar is global Reserve currency crushed to Smither wow that is a great powerful headline Uncle Sam out foxed outmatched and most likely out of gold soon warning neocons will double down on the only thing back in the US dollar War seems like they kind of already did that but let’s just let’s look at what this guy Clive Dunn had to say um he he’s talking about GL okay this is the finance M glas new gold brick goldb settlement currency has been beta tested and is ready for debate uh debate okay not uh not that it’s being rolled out debate at the fourth coming May 14th through 19th meeting chaired by Vladimir Putin who I probably pronounced that wrong but nonetheless clyve dun says the recent surge this makes sense the recent surge of gold price by $175 was from China and Russia by physical for this beta test Washington has been caught short by the size speed and size of this threat uh to this uh to the hamony of the US dollar boy I’m slaughtering everything today yelling in blinking okay remember they recently both we sent yelling you know Grant not Grant um Janet yelling and blinking over to warn the Chinese right we’re warning them oh you’re helping Russia and well you’re against us right okay we not about supplying Munitions to Russia it a he says it’s a cover story they were an effort to stop this threat to the US dollar is the global Reserve currency they are scrambling blinkard Western analysts are confused about how the gold price can go up while US Treasury yields are rising and gold is exiting ETFs yes everything in the west right we’ve got gold coming out of the ETFs everybody’s baffled why and I’ll tell you why guys this is this is so this is this is critical to understand this is a big deal going on right now hold on here Craig Edmonds good to see you my friend thank you for the Super Chat this is the biggest deal going everybody’s baffled interest rates are up interest rates are up the Dollar’s up okay gold should be down we talked about this yesterday if you told if we if if you had told any analyst two years ago three years ago where interest rates would be up right you’ve heard it ad nauseum the dollar would be they would say that gold right gold should be at like 1,400 1,200 per ounce silver $16 $15 but it’s not how could it be it’s real simple guys real simple all right everybody is swapping not the United States but all the foreign countries like uh China Japan who else Russia sold all of them everybody is selling their treasuries and buying gold so the price of treasuries goes down which makes interest rates go up right and they’re getting that money and converting they’re converting their uh paper Fiat unicorn fart dust money what are they buying with it we know at nauseum we’ve heard it six times in this live stream already central banks are buying gold that’s what’s going on and now we got this report that quite possibly right there’s this may 4 14th meeting I tried to look it up but there’s not a lot of you know information out there about what’s going on with the bricks I think maybe they don’t want us to know what’s going on I don’t know possibly who knows but there’s supposedly this meeting there’s supposedly a debate that’s going to go on about a new settlement currency that could be backed somewhat with gold we don’t know right this is all um but that’s the way things work in the world and there are people right that are digging into let’s say Russian media reports and and parsing things together like Andy shekman says right pulling the crumbs together and trying to develop a thesis about what’s going on let’s just make sure we didn’t miss anything from our friend Clive Clive D okay African central banks are all repatriating their gold why because they know what is coming the gbre they are worried that Washington will refuse to return their gold like when Nixon closed the gold window in 1971 due to France asking for all their gold back uh he says when I’m gonna say if all right this because there’s a lot of uh a lot of i g say suspicion speculation embedded in this let’s put it that way when the gold brick is launched the pricing oh this is where it gets crazy the pricing of half the world’s oil oil is the lifeblood this is another critical point point I’m going to come back so I can look you in the eye basement dwellers oil is the lifeblood of the world economy the oil Market is multiple times bigger than any other Market out there I think at one point I did some research and we saw that uh let’s pull up our banner I need to fix there’s a spelling eror in there I know that I will fix it but oil the oil Market’s like I think it’s like 10 times bigger than the gold market oil is everything oil is massive it is it is literally the lifeblood of the world economy the Petro dollar we won’t get into that but tra since 197 what four I think it is when uh uh Kissinger went over to Saudi Arabia all the oil in the world basically all of it most of it was traded in dollars it allowed us to to borrow into Infinity because all these countries had all these dollars from selling their oil so they would buy treasuries that’s going by by bye byebye okay it’s a big deal so let’s get back to this article one more time and let’s say right all the oil half the world’s oil can change overnight it will become much cheaper to buy oil with gold the US dollar price of oil could go to two to30 uh dollars per barrel all right here we go guys we are back we are back it’s it’s just absolutely crazy what’s going to happen tonight that’s the big question I am I think tonight could be one of the craziest nights ever for the golden silver price if all this is true all these things coming together look I don’t have a crystal ball I’m just telling you it could tonight I will be watching the I usually don’t really watch the gold and silver price a lot on Sunday nights but tonight’s going to be very interesting because Guess who’s coming back Santa Claus is Coming to Town huh the Shanghai gold exchange the Shanghai Futures exchange have been down for the last what five or six days they’re coming back and I want to show you a picture of what happened last time the Chinese came back uh after a holiday they are taking over the gold and silver price they’re in the process right there’s different people have different opinions but the Chinese are taking over the metals markets at minimum we can say they’re exerting significantly more influence upon the silver and gold market what do you think right do you think and we gota we have to we have to we have to think about this right do you think if the Chinese and the Russians and the bricks countries but especially the Chinese why we forget about India the IND India too are taking over silver and gold I got a question for you do you think they’d be telling you all about it on the on the western mainstream media do you think do you think tomorrow you’re going to turn on on the children’s News Network CNN or mnbs I’ll use a nice way to talk about them or Fox News and they’re going to say oh guess what America the Chinese have taken over the the gold market the most important monetary asset in the world the silver market the Shanghai Gold Exchange and the Shanghai Futures exchange right you know right Silver’s priced like $3 an ounce more in Shanghai I wonder why all right so tonight they come back from holiday who knows what’ll happen but I want to show you a quick picture of what happened last time hold on here last time the Chinese came back from holiday yes okay uh I can’t read that up there because my thing’s covering it but the there were 800,000 people at one mall lined up to buy gold okay I mean is this is this crazy or what I got another picture can you can you see me in there I’m looking I’m waving I’m in the upper right hand corner no I was not there there lines of people these are actual pictures of people actually lined up at Chinese malls to buy gold okay that’s what’s going on right now in the world all right um okay soon soon soon soon the world will be short of gold and silver look the title of this video and the in the thumbnail were about you know we’ve never been in this situation before the world I mean think about gold everybody’s buying all the gold think about silver everybody’s buying all the silver think about what the silver Institute told us and people are suspicious that the silver Institute numbers are skewed to the downside but even under the under the worst of situations for silver investor we know there’s going to be an almost 200 million ounce deficit this year what we need to remember okay what we need to remember this is a fundamental what was that I said it to you earlier what is so close oh Susie scared me okay uh what is so close often gets forgotten what is so obvious and it’s so obvious right now the supply demand picture in the silver and gold market I will bring the cowbell in just one second okay um there’s only so much silver and gold on the planet only so much it’s finite all right the world is mining think about this in terms of the well I got the big let me ring the cowbell and one more for Jake okay that says thank you thank you guys for being here it is a big deal when you joined me here in the basement so thank you for being here on a Sunday morning thank you thank you I think Jake’s probably not here but Jake we rang it for you anyway the world is mining as much look there’s only so much gold and silver in the world the world is mining the mining companies will mine every last ounce they can they are right now okay and there’s not enough to go around there’s not enough gold there’s not enough silver think real obvious right but we forget the obvious stuff right in front of our face I understand we all do it you’re not alone basement dweller right right okay they’re mining all the silver and gold that they possibly can there’s only one thing one thing that fixes that situation this is as fundamental as gravity it’s as fundamental is you need to eat food every day to stay alive right there’s only one thing that fixes the fact that the world is demanding more and more silver and gold than the miners can provide one thing can you guess what it is it starts with p huh price price fixes everything and while we don’t really want to measure our gold and silver in terms of price but if we are as a benchmark going to look at what the quote unquote price is based on unicorn fart dust paper US dollars or maybe you’re in Europe Euros maybe you’re in uh Australia whatever Australian dollars maybe you’re in Japan what’s that called the Yen doesn’t matter one thing I mean the demand for gold in Japan is crazy it’s crazy guys there’s only one thing price right because if the price goes up when gold goes to 4,000 per ounce when silver goes to4 $50 per ounce guess what then those mining companies can look at some of their lower grade reserves okay and say well we can start to mine that but remember the critical critical and exciting thing about all of this and we’re going to talk about how you’re going to get stimulated here in a few minutes don’t you worry bunch of BS we’re gonna call BS on that but nonetheless right that’s that’s the only thing that fixes it is a higher price and the bonus kicker the moment you’ve been waiting for even even when that price gets higher and the mining companies say oh well we can we can start to mine this other ore that we kind of forgot about because it didn’t it wasn’t profitable it was lower grade ore right it takes years at minimum years even if they have it and they know it’s there or it could take decades right that Su oh we know there’s a silver deposit over there was never made sense for us to mine it before or to drill it or to permit it or to build a mine it takes years years okay you could we could be in I know I repeated this I’ll say it one more time you could we could be in for a five six eight 10 12 20 what the heck let’s just ride it out I’m 54 let’s do about a 30y year I’ll I’ll I’ll be down here at 84 saying hey guys I think the bowl Market’s [Laughter] over wouldn’t that be fun yeah the silver prices 16,000 whatever we don’t we don’t even have dollars whatever they’re calling the digital dollar at that point I don’t know that’s just the fact okay and the why oh let’s talk about manipulation do you think the price of silver and gold are manipulated what would happen if the price of silver was artificially tamped down we’ve never heard that before from somebody from the one of the big exchanges oh we tamped down that’s exactly what they said after the silver squeeze we tamped it down man we tamped it but no the silver prices not manipulated you’re a 10 you’re a 10f foil hat conspiracy theorist is what you are if you believe that the price of silver well let’s just take a look this is so much fun hold on let’s take a look we’re g to look at this one more time this came from our friend Eric Young evidence that the London the Obama and the comx markets are designed to introduce extreme volatil that would be manipulation that would be tamping down to the gold prices and silver prices Eric you forgot that as to discourage citizens from physical gold ownership London wholesale gold dealers views on US Gold and Silver sale right and private us ownership so this came from the United Kingdom London England I’ve never been there this is marked as Declassified so we can read it now release uh the US Department of State whatever in June of 2005 and it was to the Department of state Secretary of State hold on buttercup because this is where it gets this is where your blood boils the red lines and we’re going to get to the red lines impact of private private that would be you and me US ownership according uh limited official use limited official use page two blah blah blah to the dealers expectations these are the dealers these are the these are the manipulators we’ll call them that will be nice will be the formation of a sizable gold Futures Market that’s how they manipulate the price of silver and gold through the paper unicorn fart dust highly leveraged Futures markets the lbma and the comx each and every one of the dealers expressed the belief that the Futures Market would be of significant proportion and physical trading would be minuscule by comparison what they’re saying is the Futures Market could be leveraged we hear numbers like 200 to one 400 to1 whatever it is that’s what that sentence means right in that the physical the actual physical you we hear that all the time the actual uh registered inventory at the at the comx and the lbma is minuscule compared to all the paper unicorn fart dust right uh leveraged contracts get ready for your blood to boil take a deep bre breath also expressed this is by the dealers this is by the by the comx and the are the lbma guys was the expectation that large volume Futures dealings would create a highly volatile Market meaning it will have wild swings in price in turn the volatile price movements would diminish the initial demand for physical holding that means people would say I’m not going to buy gold I’m not going to buy silver it’s to Crazy price movements it’s insane blah blah blah and most likely negate long-term hoarding long-term hoarding are they talking to you are you a hoarder of silver and gold by us by US citizens there it is in black and white yes the market is manipulated no doubt about it okay it is manipulated but what about the good old days let’s just go back I I put I added a new uh a new um slide to this this is my friend Gary sent me this really awesome I mean really awesome little package right with this thing okay let’s talk about the good old days real quickly when the United States dollar was based on Silver and I took a new picture because I keep saying this to you guys I’ll just read what Gary said one more time silver certificates that that’s not a dollar let’s go back here well it’s a dollar but see at the top it says silver certificate and I’m going to let you read what it says in a second silver certificates were a type of Representative money issued between 1878 and 1964 in the United States of America one could take their silver certificate to any Bank in the United States and exchange the certificate for silver coins including silver dollars note at the bottom of the certificate that states in silver payable to the bear so there is the top of that okay see it says right there look at pull a dollar out of your wallet now it doesn’t say that anymore silver certificate it says the certifies that there is on deposit in the treasury of the United States of America $1 oh they added they those little stinkers they had this other little sentence down there on dep deposit $1 in silver payable to the bearer on demand I mean those were the good old days right those were the days when we didn’t have runaway inflation those were the days when we didn’t have Insanity let’s talk about being stimulated okay but first I want to say thank you to channel sponsor first mining gold if you like to invest in precious metal mining stocks check out first mining gold they have two multi million outs gold development projects in Canada one in Quebec one in Ontario and they have four other projects all in Canada all development stage Advanced exploration stage projects uh you can learn more about them at first mining gold.com or you can reach out to Paul Morris a real live Human with a British accent uh I’ll put a link to his email address he works for the company he’s happy to answer any questions and of course our friends at Fortuna Silver who on Tuesday will announce their earnings it’s I think going to be very interesting these higher Metals prices right that we had during the first quarter and we’ve really had during the second quarter um I I think it’s going to be interesting to see just how much cash flow in particular for tuna generated we know they’re buying back stock we know uh that they’re paying off massive amounts of debt and they already had low debt to begin with so we’ll see what Fortuna has to say on Tuesday let’s talk about being stimulated are you ready for the late this is crazy and this is kind of breaking news right now and I think this is part of the election year Shenanigans and this is basically I’ll be interested to hear how you think this is going to play out but to me this is basically gon to require more money printing more dilution of the dollar which we know in the end will be very very positive for the price of gold and silver but this has to do about more I will call it I say mortgage bailout but consumer bailout okay the economy is in big big trouble in the United States I think in the next six months we are careening towards a massive recession again the fed’s gonna do the only thing they know how to do print print print print print right right dilute the the dollar the real value of silver and gold will benefit but this latest thing is um a stimulus for the the the government is going to basically I’m read this to you subsidize the home equity line of credit business the helac we’re going to call it helac home equity so uh Freddy Mack this is what we’re hearing is looking at securitizing second mortgages again a second mortgage is a home equity line of credit a HELOC okay H why would they be doing that right why would they be doing that think about this this is interesting okay we got a lot of people in this number number one the economy is in trouble number two it’s an election year okay the economy is Boo Red Lobster is gonna close maybe claim bankruptcy good good riddance I’m over Red Lobster but it’s all seriousness I dropped my daughters off at my mom and dad’s house yesterday Highway K and O and Missouri this Jeep dealer it’s like um uh oh oh yep thank you Susie hold on a second guys there we go Okay Jeep dealer unbelievable amount of cars they’re parking the Jeeps in the grass okay a year ago there were no cars on this lot now I mean got the economy the car business residential real estate W everything’s circling the drain right now okay it’s an election year people are just bear with me here I’m not talking about you I hope I’m not talking about people have Max out their credit cards people can’t afford to go to Red Lobster anymore right so what’s the government going to do they’re going to stimulate us they’re going to stimulate a big part of the economy because think about this think about this there’s all these people that bought a house three years five years six years two years ago and we’ve got this little bubble right now in the residential real estate market so you bought a house four years ago let’s say you paid 300,000 for it whatever you paid we just use this as an example and you have a 3% mortgage you’re trapped right welcome to America you’re trapped in your house because if you want to move now the new house is your house might be worth a lot more and that’s going to play into this stay with me okay the house you paid 300,000 for is now worth 500,000 and you want to move to a house that cost 700,000 for it’s a little bit bigger maybe another extra bedroom whatever a basement but you go out and look and you’re like I got to get a a a higher Mortgage Balance right because you’re buying a house now that’s worth 200 and I got to pay an interest rates more than twice as high my payment goes up three four times oh I’m stuck you’re trapped okay so you got all these Americans who paid $300,000 for a house three years ago it’s now worth $500,000 well that guy that paid 00,000 for that house has racked up his credit card has taken out you know got car loans got all the it’s in debt Americans welcome to America right and we’re a consumer-based economy so they’re in big big trouble right the government wants to in incentivize don’t fall for this is my opinion incentivize people right to take out a second mortgage on their house no you can’t move but you got you’ve got 200,000 in equity in your house you paid 300 three years ago get this nice little 4% 3% mortgage but now your house is worth 200,000 more hey I got an idea for you bucko why don’t you take out a HELOC a home equity line of credit right you can reduce your monthly payment instead of paying all these high payments on credit cards and your 15year car loan you took out to buy an F-150 in the the that you paid and the and the buy now pay later that you’re getting ripped off on why don’t we consolidate it all into one nice little monthly payment and it and people look don’t fall for it people fall for it they only look at the monthly payment like oh sure I’ll take out a 150k home equity line of credit I’ll pay off my truck payment I’ll pay off this I’ll pay and I it’s got one nice little neat little payment that I’m stuck with for the next 30 Years or 20 years however long they do it but what they’re trying to do is get people more in debt take out debt against that extra equity in their house to pay off all this other Consumer Debt why because then they’re G to be like woohoo hey guess what honey our credit car balance is zero now right our we we let’s go buy a new truck you want to go buy a new truck right okay that’s what they’re trying and then and then what happens if the real estate Market goes down the tubes well guess what your house is worth 350 not 500 anymore 350,000 but you still owe all that money so it’s a big shenanigan it’s a big big attempt by the government in an election year to stimulate the economy and where’s the money so they’re talking about uh um about who is it Freddy Mack actually buying out securitizing it meaning the bank gives you the home equity line of credit right you borrow the money from the bank but then the bank instead of having to sit on it themselves right remember mortgage back Securities same kind of concept then Freddy Mack or Freddy I don’t know I’m not I’m not a Freddy Freddy uh uh Guru Freddy Mack right will buy those from the bank so the banks like saying yeah you know they’ll make a couple thousand off each one don’t fall for it guys don’t fall for it that’s my opinion I’m not giving Financial advice but that’s what we’re going to be hearing about apparently here in the next four to six weeks because it’s biomics it’s working it’s debt and debt is one thing debt is slavery okay I I hate to use that word lightly and I’m not using it lightly debt is the currency of slavery what is it it silver is the currency of gentlemen and gold is the currency of the royalty I don’t care to me Silver and Gold are the same thing right this this is real money The Real McCoy you can use it it stores value it protects you against inflation if you’re in debt debt is the opposite okay unless you’re taking on debt to start a business and you think you’re going to erate more income than that debt is going to cost you debt is never a good idea think about the people in this country that have wrecked up their mortgages push for 300 likes okay Susie we have breaking news from Susie we almost have 300 thumbs up let’s do it on Sunday morning and guys we will ring the gong when we get to the 300 thumbs up okay absolutely absolutely but it’s so critical to understand like I mean some debt is okay if you’ve got a if you’ve got a uh in my opinion I’m not giving Financial advice but I kind of am if you’ve got a mortgage at 3% that’s a pretty good deal right because you can actually invest that money into a money market account right now and make 5% so you’ll beat it but generally speaking especially when it comes to to a flexible rate like credit card debt car debt I mean you know the value of cars is going down right if you you got a big debt on a car and you’re paying interest just be careful right yeah know hello got it we got 300 thumbs up okay thank you Susie let’s ring the gong and and then you guys have been asking me for more product reviews I I can’t hear you the batter’s hold on a second Susie the battery’s dead yo I can’t hear you sweetie yo okay anyway I’m gonna the gong here we go 300 thumbs up thank you guys for being [Music] here there we have it thanks for being part of Ron’s basement okay please check out our sponsors pinex pin.com p i MBE ex first mining gold and Fortuna Silver have a great Sunday you are the most important part of Ron’s basement this is not possible without you I tried to get them to change it to Ron tube they just aren’t interested it’s YouTube okay be good to yourself be good to those around you that you love and I’ll look forward to seeing you soon

Get ready for a seismic shift in the global precious metals market! With silver and gold shortages looming, the world is bracing for unprecedented challenges. Reports from reputable sources like the World Gold Council and Citibank highlight the urgency, with record central bank gold purchases and predictions of $3,000 gold by 2025. The emergence of BRICS’ own central bank and burgeoning gold buying trends in China further underscore the gravity of the situation. But what does this mean for the economy? Brace yourself for an election year filled with stimulus packages and mortgage bailouts, as the government aims to prop up the ailing housing market. Yet, amidst the chaos, questions linger about the sustainability of such measures and the looming threat of residential real estate collapse. Are you prepared for the impending storm? Join us as we delve into the intricacies of this unprecedented economic landscape and explore what it means for you. Additionally, discover how the Samsung Galaxy S20 Plus has become our trusted ally, powering our YouTube channel with its unmatched performance. Experience the reliability of Amazon Renewed as we share our journey navigating the digital realm, unearthing truths, and preparing for the challenges ahead.

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