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**$10,000 Gold** 🦍🦍 You BEST See THIS Signal - (Silver Price News too)

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**$10,000 Gold** 🦍🦍 You BEST See THIS Signal - (Silver Price News too)

The speaker discusses current gold and silver market conditions, emphasizing that recent inflation data (PCE) at 3.7%—nearly double the Fed's target—creates a stagflationary environment historically favorable for precious metals. This, combined with geopolitical uncertainty and global fiscal instability, forms a "powerful confluence" supporting higher prices. A key highlight is President Trump sharing Jim Rickards' video predicting $10,000 gold, which the speaker sees as a major bullish signal, alongside Treasury Secretary Scott Bessent's past gold-bug reputation. The speaker notes that silver remains undervalued globally, particularly in Japan where prices haven't doubled from 1980 highs, unlike gold's 400% rise, suggesting potential for a "slingshot" move. Additionally, China's physical silver trades at a $9 premium over Western spot prices, indicating strong Eastern demand. While sentiment is improving from record lows, with gold ETF inflows and options activity surging, the speaker cautions that short-term consolidation may occur given overbought technical indicators. Addressing viewer concerns about selling silver at high prices, the speaker argues that sustained price levels ensure liquidity, citing current buy prices around $65 per ounce. Overall, the speaker remains bullish, viewing the current setup as early innings of a major capital rotation into metals, with a long runway ahead.

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This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome? That's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online makes sense? There's no place like Chrome. Check responses set up require compatibility and availability varies 18 plus. This episode is brought to you by Palm Olive. Family time isn't just the big moments. It's weeknight dinners. Sitting around the table, everyone talking all at once. So when the plates are empty and the sink is full, use Palm Olive Ultra. Palm Olive's most powerful formula removes up to 99.9% of grease, leaving your dishes sparkling clean. And the new convenient pump makes cleaning even easier so you can spend less time tackling dishes and more time together. Shop now at Palm Olive.com. Silver and gold are heading into unbelievable, exciting times. And we're gonna talk about all the reasons why today. Some real eye-opening things have been going on in the last 24 hours. Actually, we've got about 16 things that we're gonna cover today. Let's run out and take a look at the silver and gold price and then we're gonna talk about today's big news story but gold and silver taking it a little bit on the chin today. Hey, we're used to that. We know it's not just gonna be a straight line up but look, silver in the spot market still above $68 per ounce. Remember, one year, two years ago, we would be jumping for joy for $68 silver, $4,600 dollar gold. And guys, just what, four or five weeks ago, if we knew that the silver price would be at $68 when we were sitting at $54, we would be very happy. So while red days are no fun, they're part of the process. We will never go up in a straight line but let's talk about the big story today and then we're gonna talk about Donald Trump, something he's doing with gold that's very, very interesting but the big story today is inflation. Today we got the PCE, the personal consumption, whatever. Inflation report. It measures like what we normal folks spend on household expenses. The number came in higher than expected. Here's the headline, but then I'll be right back with you to explain what this means for silver and gold. But here's our headline, the feds preferred inflation gauge shows core prices rose, blah, blah, blah. We're not gonna dig deep into this. We will read this one paragraph. The personal consumption expenditures, that's what the East stands for, which the fed uses as its preferred forecasting tool, increased a seasonally adjusted point 2% for the month, putting the annual inflation rate at 3.7% the commerce department said on Wednesday. You know, the first thing is, do we really trust these numbers, okay? There's some speculation or maybe a little bit more that maybe sometimes the inflation numbers, the jobs numbers, the GDP numbers, need to be taken with a grain or more of salt. But the real important thing about what these inflation numbers mean for the gold and silver price, think about it, 3.7% inflation, that's almost twice as high is what the fed targets, 2%. We've got high inflation, more on that a little bit later. But the most important thing is that this signals, the fact, as we call it down here in the basement, that we are in the most conducive healthy environment for higher gold and silver prices. Stagflation, we beat the table about this for years and years. We were way ahead of the curve down here in the basement. But guys, when we have inflation running much higher than expectations, that's the relation in stagflation. The stag is the economy. Think about what's going on in the economy. We got some horrible news recently out of Walmart. That's the bell weather of the overall American retail economy. We've got consumer confidence, which is dropping. We've got home sales figures, which are coming in poorly. We are in a situation. This is where it gets real exciting to be a holder of gold, silver, and precious metal mining stocks, which I know you are because you're a basement weller. Don't forget to subscribe because we are going through stagflation, and guys, look, in the 1970s, we went through a period of stagflation here in the United States of America. And that was when gold and silver absolutely skyrocketed as measured in US fiat dollars. I believe we're maybe, maybe in the second inning of a nine inning ballgame, which is going to be a period of stagflation, capital rotation, and what we saw today, these inflation numbers, we've talked about it all the time. Inflation is, at the end of the day, they're going to be the number one driver. It always has been, right? Inflation is the same thing as paper currency value going down. It's been, it's worked this way for thousands and thousands of years, and it will continue to work that way. Now, let's talk about Donald Trump. This was shocking. Okay, Donald Trump on True Social posted a video by Jim Rickards about $10,000 gold, but the potential for $10,000 gold by the end of the year. Whoa, wait a minute. Jim Rickards, who a lot of people respect, right? He's done work with the CIA. He's done work with the defense department. He's a best-selling author. He's widely followed in the precious metal sector. The fact alone that he's talking about $10,000 gold, which would mean $200 silver, in my opinion, is a big, big deal. But the real big deal is the fact that the president of the United States basically retweeted this. Donald Trump, okay? Again, not a political show. Silver wig shows it right here. Trump posted on his True Social today, as bullish as it gets for gold. And he posted this video. There's Jim Rickards right there. Great guy. I watched the video basically he's talking about the potential for some kind of meltdown before the midterms in that we could see $10,000. And I think he even said $20,000 gold by the end of the year. This is the president, though, of the United States, essentially retweeting this. Now let's take a step back and think about Donald Trump. Does he love gold? Everybody says he's got gold all over in the White House. Donald Trump years back, but this is a fact, took physical gold as lease payment on one of his office buildings, okay? What else? We know Scott Becent, who's the head of the treasury, is described himself as someone who's called, been called a gold bug in the past. So it's getting very, very interesting. This is as bullish as it gets for gold. The final thing I'll say in this is not been reported. I'm just speculating here. But what could be really good for gold and silver is if an official announcement comes out that President Trump himself bought gold. And I guess we don't know that he hasn't, right? 'Cause it's a private transaction. But if we get that, that right, the Trump or his family members are buying physical gold, Katie, Barr, the door, and what about Japan? You know, yeah, that Japan that's having a currency crisis, a bond crisis, that Japan that our federal government has said, what's Japan? When are they gonna catch up with silver? Get a load of this. I'm telling you, the road ahead for silver looks incredible. But James Anderson shared this one. Silver is still barely out of the blocks in Japan. Intra era gold has already gone up four X, four hundred percent from its 1980 highs. Silver hasn't yet doubled in that era. Currently price to be low, the 1980 highs got here. Let me see if I can, I'll pull this up, okay? The top chart shows the gold price. You can see at the very top, Japanese gold. Come on, there we go, okay? You can see gold priced in Japanese yen has exploded. But look at this for silver. Hold on, here we go. There we go, yearly Japanese yen silver price. As you can see on this chart, back here is 1980. That's as high as silver got. What is that? I don't know, 12,000 yen, I guess it is. Currently silver is only sitting at less than 12,000, about 11,000 yen in Japan. Did I say China anyway? Of course, there are different countries. But the point here, this is Japan, whose monetary system, fiscal system, is literally an arrays. And they've not even caught on to what's happening in silver. We know they will, because we know that around the world, retail demand for gold is going through the roof. But what about silver? It's not so great in the world to silver. And I'll talk about that and I'll tell you why that's important, but why it could have a very, very happy ending. So we're getting all kinds of reports from all around the world. Gold is on fire, metals and miners shows this. Retail investors are rushing back into gold. GLD sees, and this is just in the west, in the east it's crazy as well, China everywhere. GLD sees huge retail inflows, excuse me, 1.4 billion in August flows before last week. And then it talks about how well the mining stocks are doing, but here's the chart right here. The green bars, okay, the blue line is the price. The green bars, as you can see, are showing more and more people moving back into the gold market. But what I got to share with you, I always will share both sides. My contacts in the west, on the retail side, physical retail, not the GLD ETF, but the actual like physical bullying side are saying people are buying gold like crazy on a retail physical coin shop type level. Silver is a different story. They're getting people coming and selling silver. We don't like to hear that, right? Don't sell yourself or folks, but we're getting rid of the weak handed people in the retail bullying silver market, which matters, but probably doesn't matter as much as we think it does. But the big key takeaway here is, as we dug into this, and I talked to some of the other brightest mines out there in the precious metal sector, we gotta remember something, gold, right? We love silver, we love gold as well. Gold always leads, whether you're talking about gold mining stocks, the overall, it's a healthy market when gold leads. So I'm not real concerned, and I hope you're not either, that apparently some of the silver stackers out there, and these are probably the short timers, right? People that came around in December, January of last year, went silver, rocketed to $120 per ounce. They're getting out, and they're being replaced by people who know, who believe, who know the fundamental reasons behind silver. So we'll keep a close eye on that. Hey, later on in this video also, we're gonna talk about, I'm getting this all the time, people saying, yeah, but if silver ever goes to $100 again, I'll never be able to sell. We're gonna talk about that as well. Before we go there, we also, also, right, always wanted to show both sides of the coin. Look guys, we're probably due for some consolidation, maybe even a little pullback in the gold and silver price. Short term, you know long term, I'm with Cara Saloway, who we talked about yesterday, who says we could get $13,000 gold, by what, the year 20, 29, 3, 4, 5 years from now, but we're probably due for a consolidation. We've had an incredible, incredible run. I don't want to be negative and I don't want to say that it absolutely has to happen, but it feels like gold in particular, and maybe to a lesser extent silver are due for a little, I'd rather see a consolidation, and I'm sure you would as well. And a consolidation means where the price just kind of stays in a range. If we stay in the mid 60s to 70 range for the next three to four weeks for silver, I think that would be very, very healthy. But let's look at gold and some technical indicator in the gold market right now, that tells us that we are getting maybe a little bit over our skis. This came from bar chart, gold, and looking at the GLD, hits most overbought level since January's all time high. What they're talking about is down here, the top of this graph is the price of gold, but what they're referring to is down here, the RSI, the relative strength indicator. And in particular, if you go all the way over to where we are now, there's the red line, the red dotted line. That's where we are. This indicator cycles up and down, up and down. And as you can see, when the price goes up, like we've had over what, the last four or five weeks, that RSI indicator goes up, and it's touching. It can go higher, no doubt about it. I hope I'm wrong about the fact that we might have a consolidation, and I'm not worried about it. I hope you're not either. We know that that's a sign of a healthy market, but we are from a historic basis, from a technical analysis basis, getting quite overbought in gold. And I'm sure the same is true with silver as well. But. (laughing) But. - This episode is brought to you by Palm Olive. It's weeknight dinners, sitting around the table, everyone talking all at once. And the new convenient pump makes cleaning even easier, so you can spend less time tackling dishes and more time together. Shop now at palmolive.com. - This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome, that's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block, or finally break down that long article you've had open for weeks. Ready to make anything online make sense? - We also know one thing for sure, right? The physical market is going to overtake the paper market. I want to go over to Shanghai. We're going to go check out what the Oriental Ghost is showing us right now today's latest data about the silver price and at the Shanghai Gold Exchange. So this guys, for those of you who are new, is the China Shanghai Gold Exchange, Shanghai Futures Exchange Daily Report. The Shanghai Gold Exchange is their physical spot market. And if we go right here to silver on the Shanghai Gold Exchange, we have a silver physical silver price in China right now of $77 per ounce. That's what China is paying for physical silver. This market, it's a little different than the way we do things in the West, is like 99 point something percent based on physical. You got to have the metal to trade on the Shanghai Gold Exchange. Now, if we look at that, $77. And let's just go back out here and look again where we are in the US, I'm sorry, at the LBMA spot, $68. So they're paying $9 per ounce more for silver at the Shanghai Gold Exchange. Well, let's go take a look at the paper market in the US because it's been picking up in the dude, chairs with us that yesterday, the silver market traded 429 million ounces. Now, he brings up something about Wells Fargo, talks about the deliveries. He says, what bank is dead? I'll highlight this for you. If naked shorts go higher than $70, I think Wells Fargo. And I hope they die a public death. No one dying personally, I know the dude is not saying that he means they're naked shorts that they get into some serious trouble. Now, if you think the silver price is going higher and you wanna get your hands on some silver, check out our channel sponsor first mint. They are the silver exclusive mint in Las Vegas, Nevada. They make world-class silver bullion products like this one right here, okay? That's their five ounce bar, isn't that cool? Check that out. And I've been handling this with my hands for almost a year now and it still looks absolutely beautiful. You gotta love this thing. Five ounces is just perfect. Hey, you know, 10 ounces is great too, or a kilo, but the five ounce bar works just perfect. And you can carry it around in your pocket and show it to your friends, okay? And they've got all kinds of other products, rounds, bars. You can personalize silver. You can check it all out right here at firstment.com and they'd still have free shipping on all orders over $199.00. There's a discount code you can use. VIP RB in their customer service, their prices, everything is great, great, great. The best part about firstment is all the positive feedback that we get from the basement to other community. Also, thank you to first mining gold. I'll actually be heading up in October to check out both their Spring Pull and DuParquet projects. These are two multi-million ounce development stage gold projects in Canada. There aren't a lot of big gold or silver projects in great jurisdictions. And first mining gold has two of them. You can learn more about their company at firstmininggold.com. And we've got a long way to run guys. We're gonna get to that next. The runway ahead, right? Even though we may hit some short term consolidation, the runway ahead, four gold and silver look incredible. But let's go out to make gold great again to see what he's talking about today in these markets. Here we go. Boom, okay, in 1980. Do you remember that? I do, how old were you in 1980? I was 10 years old. $49 silver was the mania, right? Remember it was silver, mania, okay? in 2000. $24 silver was the sell-off. Think about that, okay? How things have changed. But what's even more important for us to remember when we think about this, 1980 Silver hit $50 per ounce. Today, last we checked, we were at $68 per ounce. If my math is correct, that's a 40% increase. Today, 45-46 years later, compared to 1980, Silver is only up 40% from the all-time high in 1980. Do you realize gold is up like 400%, copper is up like 400%, right? Silver, and that's why Michael Oliver talks about $305 silver. He refers to it being due for a sling shot move. I need to get a sling shot. I'm going to shoot some silver at you guys. It's real, okay? And not to mention, let's talk about the metal family, okay? You got gold over here, up 400%, the pure monetary metal. Over here, my right fist, you have copper, the pure industrial metal, gold, monetary, copper, industrial. Those here in the middle, silver, which is half monetary, half industrial. In both of those components of silver are becoming stronger and stronger and stronger. Silver is like the beautiful, like middle child between the big brother gold and the little brother copper that really, in both of these, right, copper, put your fist out with me. Yeah, copper and gold have been up over four, around 400%, since 1980, silver, beautiful, little silver here in the middle, up, not 400%, but 40%. Sling shot. All right, let's move on. Oh, yeah, we got a long way to run. Jordan Roy Burn. Buckle up. Gold and silver investors. I got a couple things to show you that I think undeniably demonstrate to us in no uncertain terms that we've got a long way to go, right, and a short time to get there. All right, gold, implied allocation. Jordan Roy Burn put out a big series of like eight tweets yesterday. I just wanted to show you what I thought were the highlights. Obviously, you can go back to X and read it off for yourself. But gold's implied allocation, okay, chart from column, Thomas, top-down chart. It plots the assets in all gold ETFs, and this relates to silver against all ETFs total in the world. This is an outstanding sentiment indicator. It is as it is based on real money and compares gold against everything else. What they're looking at, okay, the black line is not what we're looking at. What we are looking at is the red line at the bottom. That shows, okay, the percentage of money in gold ETFs versus all ETFs. As you can see, I wonder if I can get my markers out. Now it won't when I zoom in. As you can see, we are at about 2%. As you can see over here in 2011, we were as high as 8%, 2008, 2010, 2011, four times more money in the GLD ETF versus the other, all the other ETFs around. We would have to have four times as much money come into the GLD ETF just to match that level. That would be an incredible event for the gold and silver markets both. But wait, there's one more that I want to show you from Jordan, even more extraordinary. Gold versus the Nasdaq. As far as the big picture macro and precious metals gold against the Nasdaq could be the most significant potential breakout to watch. Gold is trading within a 10 year long base against the Nasdaq, and there is work to be done to test this major resistance. The breakout is not imminent, but when it happens, it will signal a major development, a major rotation of capital out of tech and into gold. And what he's talking about is right here. When you compare gold, the price of gold to the Nasdaq, we are currently at.1784. Look, we won't go to the most extreme levels, but if we go just back to 2011, right here where my yellow pointer is, you can see we got to.75. That would mean that the gold price would need to go up by at least 4x to get back to just where we were in 2011. But the big key takeaway here, as he talks about, is the capital rotation. When people move out of tech stocks, out of paper, out of bonds, out of make believe assets, basically. And they rotate just a little bit of that money into gold and silver, right? We know what will happen. That will be an explosive period of time for the gold and silver markets. Now we're getting news of this extreme amount of activity. We'll speculate, and some people are suspicious about what's being qualified as extreme amounts of activity in the precious metals, options, and futures markets. The Kibassi letter says this, "Bolish positioning and gold is surging." The difference between call open interest and put open interest on the gold ETFGLD hit about 2.4 million contracts this week. It's highest level since February. This is also more than triple the 2021 to 2024 average of about 0.8 million triple, okay? A similar spike to 2.8 million contracts was recorded in January and February. Those gold prices surpassed 5,500 for the first time. Renewed macro, and currency uncertainty is, once again, driving investors to aggressively bet on gold to rise. Sentiment is shifting again. And the key takeaway there for us guys is that sentiment is shifting. But wait, there's more. We're going to get upgraded to first class, right? Because sentiment is shifting not from a level where there was a lot of positive sentiment. Look, six weeks ago, I said it live. You can check me. I'd never. I thought sentiment was as low or lower than it had ever been in the overall precious metals sector. I'd never felt such negativity, which we said was a good thing, right? Because as the Buddhists say, from the mud grows flower, so flowers. So we aren't seeing a shift in sentiment, but it's happening from such a low level that it gives us a giant runway for improvement ahead, okay? We're like on a scale of 0 to 10. I'd say currently we're maybe at 1.82 possibly, okay? That gives us all the way up to 10. I think at our peak back in January, February of this year, maybe we got to 7.3, okay? We didn't get full blown and it didn't last that long. What I'm seeing happening right now is improving sentiment, but sentiment that can improve and improve on a long term basis. When we get back to six, when we get back to eight out of 10 on the Rhine's basement, a centimeter, sentiment meter, and we stay there not for three weeks like we did back in January and February, but stay there for three months or four months and possibly go even higher. Guys, let's be real, unless you're much older than me, and some of you are, everybody's welcome here. We got people in their 20s up to their 80s, but most of us have not really experienced a full blown mania type market for gold and silver, maybe a little bit from '01 to around 2011, but I wasn't around. I wasn't paying attention, honestly. I was nine years old in 1979, but we could experience something that many of us have never experienced before, right? Not guaranteed. I don't have a crystal ball, but what we are seeing, right? And Garas Holloway said in the video he put out a few days ago, is a powerful confluence of factors that are supporting the precious metals. Geopolitical uncertainty, like most of us have never seen in our lives, wars, strife between countries like we've never seen before. Check, that's good for gold and silver. But wait, there's more, it's all happening in an environment where the financial situation in the world right now is worse than it's ever been. It's not just the United States of America, it's not just Japan, it's not just Europe, it's all around the world where countries have dug themselves into a debt situation like we've never had before. Paper money, print, print, print, print. you've got geopolitical strife coupled, excuse me. Coupled, coordinated with, conflowing with, right, massive uncertainty in the world, massive fiscal uncertainty in the world, that in the fact that the fundamental factors supporting gold and silver, but even I would argue more so silver, the fundamental supply demand dynamics, the amount of supply available versus the amount of demand are like nothing before. Those three factors, right, I think, could lead to some unbelievable situations. They back to these crazy things happening. We get this from CNBC, headline story from CNBC, options action, more about what's craziness going on in the paper markets. A massive trade just happened in gold, the options market is buzzing. This was like a call spread trade that went on earlier in the week. People were like shocked at what was going on. It's a big, big deal, but the other big deal about this, this is mainstream media, CNBC talking about it. And then CNBC, mainstream media, tells us this, buy gold on the Treasury bond market intervention says Deutsche Bank, right, Germany's massive Deutsche Bank, telling people, buy gold, why? Because we've covered this ad nauseam, it's not old news, it's the biggest story going on right now, but the fact that our Treasury, US Treasury is buying its own bonds and then earlier in the week, Monday, put out the big news story that, oh, yeah, we could actually buy a trillion if we need to. Yeah, that's great, let's buy our own debt. That always sounds like a great, great, great idea. All of this happening in an environment where we have the dollar going down, get a load of this guys. Let's read this first part right here from the leading report, a $50,000 income in 1990 would require roughly $130,000 in 2026 to have the same purchasing power. So if you had a 50K job in 1990, you would now today need a job paying $130,000, just to live the same lifestyle. But this is where it gets interesting, investor crate pointed out, but 50,000 worth of gold in 1990 is worth $600,000 today and $679,000 if you bought silver, all right. So let's move on to this, another great piece of news about the US economy and the US dollar, making American wages have now fallen to 43% of national income. The lowest since the Great Depression, for every $1, the US economy produces, workers are getting less of it than at any point since the Great Depression in 1929. The rest is going to corporate profits, which are now at an all time high. Like I don't want to be the town cryer, saying the sky is falling, but let's just say when we look out at what's happening in the general US economy, and there's some of us who believe that a large component of the US economy is being held together with bubble gum and duct tape. I think that that can be corroborated by the fact that countries around the world are losing faith in the US dollar and are now holding more gold than the US dollar. But things are getting, let's say, possibly critical. Look, I don't know, I could be wrong, okay. To be honest with you, a lot of the leading analysts out there had predicted that we would have some serious ramifications long before today. But when we put all the puzzle pieces together, it sure looks like we're getting into some very, very, very quote unquote interesting times, hey, I get this all the time. Let's talk about this idea that if silver goes to $100 or silver goes to $200 that we won't be able to sell it. I had a viewer comment that cut my attention. This was from Richard Morris. He said, why does everyone want high silver? Nobody will buy it when it gets to over $100 except industry. It can help you with practically anything on the web. Like restoring a vintage motorcycle from a 50-page restoration block or finally break down that long article you've had open for weeks. Check responses set up required compatibility and availability varies 18 plus. This episode is brought to you by Pomolive. So when the plates are empty and the sink is full, use Pomolive Ultra. Pomolive's most powerful formula removes up to 99.9% of grease, leaving your dishes sparkling clean. Shop now at pomolive.com He brings up a good point. He says, I won't buy it. You won't buy it. The coin shops won't buy it, silver needs to remain affordable to everyone. And I get that question all the time. I just want to address one point of what he's saying of, oh yeah. When silver went to $120, you couldn't sell it for $120. And that generally was true, okay? It was difficult. That was a very fast event that had occurred, okay? Let's back up to the two years ago. I had a conversation with a nice woman, she's from Alabama, I'll never forget in person. And that's when silver was about $22, $23 per ounce. Maybe it was three, four years ago. But I'll never forget this conversation because she was like, I want your YouTube. She said, but if silver ever gets to $50, who would buy it? You wouldn't be able, you know, nobody's going to buy silver. And I told her, I said, well, no, if silver gets to $50, the only reason why it got to $50 and stays at $50 is because people are buying it $50. People would buy it at $50. And if we fast forward to today, yeah, you can go. I went out to my local coin shop, they print a list of what they'll buy things for. And I checked yesterday and they were buying like 10 ounce silver bars. 100 ounce silver bars, I was surprised at around $64, $65 per ounce when the silver spot price was at $69 per ounce. Now sure, you aren't getting spot no doubt about it, but you're able today to sell silver for $65 per ounce because it's gotten up to this range and kind of stayed there even though we've had a big price increase over the last four or five weeks. So I would argue that, yeah, if silver goes to $350 per ounce, right, yes, sure, you may not be able to sell it for $350 per ounce. But if you choose or chose to sell some physical silver, I would imagine you're going to get well north of $300 and if it stays up there for a long period of time, you could probably get a lot closer to $350 per ounce. So I understand the thinking, right? And I think that just using what happened back in January, February can be a little bit misleading because that was a sudden spike that caused all kinds of imbalances within the refining and wholesale sectors of silver. I think that if we get, you know, I think that if we get the $500 silver and you could sell your silver for $440 per ounce, I think we'd all be pretty darn happy at that point if we chose to sell silver. Hey, on behalf of upstairs Susie, right, my lovely assistant and myself, we appreciate you guys watching. We appreciate you being here. Please subscribe to the channel, give the video a thumbs up, but most important, have a great day. We appreciate you and we will see you and yeah, we see you. We'll see you soon. 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Podcast Summary

Key Points:

  1. Inflation data (PCE) came in higher than expected at 3.7% annually, nearly double the Fed's 2% target, signaling a stagflationary environment that historically boosts gold and silver prices.
  2. President Donald Trump shared a video on Truth Social featuring Jim Rickards predicting $10,000 gold, which the speaker views as a strongly bullish signal for precious metals.
  3. Silver in Japan remains undervalued compared to gold, with silver prices below their 1980 highs, suggesting potential for a "slingshot" move upward.
  4. China's Shanghai Gold Exchange shows silver trading at $77 per ounce versus $68 in the West, indicating strong physical demand and a premium in the East.
  5. Sentiment in the precious metals sector is improving from extremely low levels, with gold ETF flows surging and options activity at record highs, though some consolidation is possible short-term.
  6. The speaker addresses concerns about selling silver at high prices, arguing that sustained price levels enable liquidity, as seen with current buy prices around $65 per ounce.

Summary:

7%—nearly double the Fed's target—creates a stagflationary environment historically favorable for precious metals. This, combined with geopolitical uncertainty and global fiscal instability, forms a "powerful confluence" supporting higher prices. A key highlight is President Trump sharing Jim Rickards' video predicting $10,000 gold, which the speaker sees as a major bullish signal, alongside Treasury Secretary Scott Bessent's past gold-bug reputation.

The speaker notes that silver remains undervalued globally, particularly in Japan where prices haven't doubled from 1980 highs, unlike gold's 400% rise, suggesting potential for a "slingshot" move. Additionally, China's physical silver trades at a $9 premium over Western spot prices, indicating strong Eastern demand. While sentiment is improving from record lows, with gold ETF inflows and options activity surging, the speaker cautions that short-term consolidation may occur given overbought technical indicators.

Addressing viewer concerns about selling silver at high prices, the speaker argues that sustained price levels ensure liquidity, citing current buy prices around $65 per ounce. Overall, the speaker remains bullish, viewing the current setup as early innings of a major capital rotation into metals, with a long runway ahead.

FAQs

Stagflation is a period of high inflation combined with stagnant economic growth. It is significant because it creates a conducive environment for higher gold and silver prices, as seen in the 1970s when they skyrocketed.

The PCE inflation report showed annual inflation at 3.7%, nearly double the Fed's 2% target. Higher-than-expected inflation signals a stagflationary environment, which is historically bullish for gold and silver as paper currency loses value.

Trump shared a video by Jim Rickards discussing potential $10,000 gold, which is seen as extremely bullish. This is significant because the President of the United States essentially endorsing such a forecast could influence market sentiment and investor behavior.

China's Shanghai Gold Exchange, which is physically backed, shows silver at $77 per ounce, while the LBMA spot price is $68. This $9 premium indicates strong physical demand in China and suggests the paper market may be undervaluing silver.

Yes, if silver reaches and sustains higher prices, buyers will emerge, and investors can sell, though possibly at a slight discount to spot. Historical spikes may cause temporary imbalances, but sustained high prices enable selling at close to market value.

Gold is trading within a 10-year base against the Nasdaq, and a breakout could signal a major capital rotation from tech into gold. If gold returns to 2011 levels relative to the Nasdaq, the price could rise by at least 4 times.

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