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# Forget $50 Silver, "$150 Is Appropriate": Mike Maloney's Bold Prediction
# https://www.youtube.com/watch/Bi2c2rEeLI0

00:00:00.040 $50 an ounce is just an area where it's
00:00:02.760 going to bounce off of resistance for a
00:00:05.200 little while and then it it should blow
00:00:08.519 past it and I believe $150 silver is
00:00:12.440 absolutely appropriate this is the last
00:00:15.240 opportunity to take advantage of
00:00:17.320 something like this this is the last
00:00:19.080 great precious metals bull
00:00:21.890 [Music]
00:00:27.080 market hello gold silver family Alan hi
00:00:30.160 here with another video and today I have
00:00:31.920 some breaking news about Russia and
00:00:34.160 buying silver so I want to bring that to
00:00:36.399 you guys as soon as possible and I'm
00:00:37.960 joined today by Mike Maloney Mike how
00:00:40.120 you doing I'm doing great how are you
00:00:42.840 doing I'm good I'm good so what I want
00:00:46.760 to share is an article I saw on Zero
00:00:48.760 Hedge uh it's called will Russian buying
00:00:51.800 Drive Silver Beyond $50 and this came
00:00:55.440 October 7th so hot off the press I want
00:00:58.519 to read a little bit here
00:01:00.480 basically Russia has decided to buy a
00:01:02.199 bunch of silver for its strategic
00:01:03.879 reserves a report from the Russian news
00:01:06.280 agency interfax last week reveals
00:01:08.479 Russia's plans to substantially increase
00:01:10.640 its precious metals reserves in the
00:01:12.439 coming years years the report states
00:01:15.720 that Russia's state fund plans to
00:01:17.720 acquire Gold Silver Platinum padium and
00:01:21.360 gemstones Russia's decision to add
00:01:23.520 silver to its reserves distinguishes it
00:01:25.880 from most other central banks which have
00:01:27.720 largely focused on accumulating gold
00:01:30.000 while while overlooking silver along
00:01:32.720 with several other bullish factors
00:01:34.520 Russia's silver purchases could be a key
00:01:36.640 driver in pushing prices to $50 and
00:01:39.759 Beyond and Bloomberg's translation of
00:01:42.479 that original report reveals that Russia
00:01:44.799 state fund plans to allocate about $500
00:01:47.360 million to precious metals and gemstones
00:01:50.040 in 2025 with the same amount set for
00:01:52.560 2026 and 2027 so a multi-year plan to
00:01:56.399 accumulate Gold Silver and the other
00:01:58.600 good stuff what do you think about this
00:02:01.119 Mike uh well I think uh Palladium and
00:02:04.560 gemstones are stupid for as far as them
00:02:07.479 accumulating this for reserves Platinum
00:02:10.598 you could accumulate not for reserves
00:02:12.840 but a stockpile because it's it's the
00:02:15.200 best catalist for a whole lot of
00:02:17.480 different things Platinum has some uses
00:02:20.480 and when the price goes up uh you know
00:02:23.360 they will switch to Palladium sometimes
00:02:26.879 or silver but they don't work as good as
00:02:29.400 Platinum
00:02:30.519 but when it comes to uh accumulating
00:02:33.440 reserves it really should be only gold
00:02:36.000 and silver and you know
00:02:38.760 um as far as uh Russia probably won't
00:02:42.959 push uh you know by themselves uh silver
00:02:46.280 Beyond $50 but it really doesn't matter
00:02:48.519 what we've seen over the past few years
00:02:51.159 here several years is that sorry my
00:02:53.920 phone was uh need to put it in Airplane
00:02:56.440 mode um the the accum accumulation of
00:03:00.879 the world's central banks of gold uh
00:03:04.680 it's been very slow and measured like
00:03:07.599 Poland now is in the uh top I don't know
00:03:11.799 top 10 or top whatever it is of of the
00:03:14.720 countries they they just broke in uh
00:03:17.519 they broke through a barrier uh they've
00:03:20.080 accumulated quite a bit they just came
00:03:22.000 out with that statement uh I think a few
00:03:24.920 days ago but
00:03:27.519 um uh when the world's Central Bank when
00:03:31.400 when stuff starts going bad and it is
00:03:33.799 going bad and all you have to do is look
00:03:36.040 at the 30 Seconds To Midnight series and
00:03:39.560 the uh data that you helped me put
00:03:41.840 together it's in the book about uh the
00:03:44.319 FED going bankrupt and about the
00:03:47.120 payments that they are unable to make
00:03:49.280 because there's no profits left uh they
00:03:52.239 used to be profitable from 1914 until
00:03:55.360 September of 2022 the Federal Reserve
00:03:58.599 was profitable and turned over their
00:04:00.280 profits to the treasury uh and now they
00:04:04.439 owe the treasury about $200 billion
00:04:06.920 they've given the banks half a trillion
00:04:09.480 dollars and it's all in uh in the 30
00:04:12.680 Seconds To Midnight the FED is bankrupt
00:04:15.280 uh the 30 Seconds To Midnight series is
00:04:17.959 one that everybody should watch but as
00:04:21.160 the world's central banks start to rush
00:04:24.280 toward uh you know it's like back in the
00:04:27.240 uh bull market of the late 70s uh people
00:04:30.960 were sort of walking at first toward
00:04:33.720 gold and silver and then they ran and
00:04:35.639 then it turned into this big rush and
00:04:37.360 when it did gold which used to be 35
00:04:40.600 bucks an ounce was now over $400 an
00:04:43.520 ounce and it seemed like that was really
00:04:46.240 high $400 an ounce and so that's when
00:04:49.720 the public started to uh change their
00:04:52.479 preference to Silver the world's central
00:04:54.919 banks will do the same thing so Russia
00:04:57.320 is just the leader in this they are the
00:04:59.400 first first uh later on there will be
00:05:02.440 more central banks adding silver to
00:05:05.039 their reserves and when that flood comes
00:05:09.440 when gold starts getting too expensive
00:05:11.759 even central banks will look at the
00:05:13.360 silver and they'll go oh the gold silver
00:05:16.199 ratio is up at 80 or 90 or what you know
00:05:19.759 if if the world's central banks start
00:05:21.319 rushing into gold first maybe that gold
00:05:23.479 silver ratio gets back up to 120 or
00:05:25.840 something like it did during covid but
00:05:28.080 at that point uh the world's central
00:05:30.560 banks will change their preference just
00:05:32.160 like the public did back in
00:05:34.440 1980 yeah and yes be where it says
00:05:38.280 Beyond $50 yes it's GNA be Way
00:05:41.759 Beyond yeah I think so too all right
00:05:44.600 well I've got a couple other clips and a
00:05:46.000 couple charts from this article I
00:05:47.600 thought we could dive into so okay one
00:05:49.880 of the one of the one of the clips here
00:05:51.479 explains the reasons why why Russia is
00:05:53.319 doing this amid surging Global debt okay
00:05:56.039 debt and rapidly expanding money supply
00:05:58.479 currency Supply central banks are wisely
00:06:01.360 diversifying their reserves into hard
00:06:03.000 assets like gold and now silver as Fiat
00:06:05.600 currencies rapidly lose value and
00:06:07.440 government bonds become increasingly
00:06:09.400 risky these assets offer a safer
00:06:11.800 alternative it's entirely logical for
00:06:14.160 Russia to further diversify its reserves
00:06:16.280 with an assortment of precious metals
00:06:18.240 especially in light of the economic
00:06:19.800 sanctions that have cut the country off
00:06:22.000 from the Swift banking system so yes and
00:06:25.000 I when I read this I immediately thought
00:06:26.880 yeah these factors that apply to a
00:06:29.080 country like Russia also apply to
00:06:31.720 individuals right like all of these
00:06:34.160 reasons of crazy amounts of debt
00:06:36.400 expanding currency Supply um bonds that
00:06:38.919 are risky and potentially people being
00:06:41.160 cut off from the banking system it might
00:06:42.720 not be swift but like their banking
00:06:44.479 system for various reasons all over the
00:06:46.160 world it's like it makes so much sense
00:06:48.360 to me to get your hands on gold and
00:06:49.880 silver and other tangible assets what do
00:06:52.319 you think
00:06:53.240 Mike I I think you're exactly correct uh
00:06:57.199 the reason it's not an expanding money
00:06:59.160 supply it's an expanding currency Supply
00:07:01.440 first of all you can't expand the money
00:07:04.400 supply without mining it because the
00:07:06.759 only thing that's proven to hold its
00:07:08.560 value through the centuries is gold and
00:07:10.840 silver they are money so far nothing
00:07:13.800 else is maybe Bitcoin will be in the
00:07:16.000 future I have no idea uh but uh they're
00:07:20.639 diversifying their reserves into hard
00:07:22.599 assets like gold and now silver Fiat
00:07:25.639 currencies rapidly losing value yes uh
00:07:29.560 we used to have you know very often uh
00:07:33.319 people will compare we've done it many
00:07:35.319 times uh all the Fiat currencies like uh
00:07:39.120 skydivers after they've jumped out of a
00:07:41.280 plane they're all falling at different
00:07:42.680 rates they've got different size
00:07:43.960 parachutes they weigh different amounts
00:07:45.680 they're all going down at different
00:07:47.319 rates compared to Gold well it was
00:07:50.639 August 15th of
00:07:52.360 1971 that we jumped out of the gold
00:07:54.759 airplane the the the gold uh is not a
00:07:59.080 parish shoot the gold was the airplane
00:08:01.840 that all countries jumped out of when
00:08:04.599 the US which was the Hub of the
00:08:07.560 brettonwoods gold standard uh uh when
00:08:11.560 Nixon ended that relationship to gold
00:08:14.919 all countries on Earth were like pushed
00:08:17.240 out of that airplane we all have these
00:08:19.800 floating exchange rate Fiat currencies
00:08:22.120 that are just insane and make it not
00:08:25.080 just difficult to invest somewhere and
00:08:27.319 do Import and Export but they also make
00:08:30.000 it difficult for travel uh you know it's
00:08:32.958 it and then uh Russia being locked out
00:08:36.360 of the Swift system the worst thing that
00:08:39.479 they could have done for the dollar the
00:08:41.919 global dollar standard uh is to
00:08:45.560 weaponize the global dollar standard
00:08:48.000 when they did that that was what the
00:08:50.839 biggest you know since 2009 I've been
00:08:53.920 giving presentations on the death of the
00:08:55.800 global dollar standard and it's
00:08:58.160 happening very slowly and it will
00:08:59.959 continue to happen slowly until the day
00:09:01.839 that it doesn't happen slowly and then
00:09:03.560 it'll happen very
00:09:05.120 rapidly and uh and the biggest nail in
00:09:09.160 the coffin so far was the weaponization
00:09:11.560 of the dollar it's got all of these
00:09:13.200 countries trying to figure out how to
00:09:16.600 get around the dollar but it's difficult
00:09:18.680 because like George gamon says it's just
00:09:21.200 like apps on your iPhone uh what phone
00:09:24.920 has the most apps are you going to buy
00:09:26.360 an old flip phone uh the dollar has the
00:09:29.480 most apps basically it is it it's got
00:09:32.360 the most things that you can do with it
00:09:34.560 all of the different uh derivatives and
00:09:37.760 the trading that goes on uh there's
00:09:40.440 nothing else that people can just run to
00:09:42.959 instantly that is an alternative but
00:09:45.600 there are as we know much better stores
00:09:48.279 of value so yeah that's a great list and
00:09:51.360 they're all true yeah absolutely and
00:09:54.760 it's and it's the weaponization of the
00:09:56.519 dollar is really incentivizing countries
00:09:59.399 and companies and individuals to find a
00:10:01.200 workaround I mean that's sort of what's
00:10:03.120 prompted the entire cryptocurrency
00:10:05.000 Revolution obviously it remains to be
00:10:06.920 seen how effective those will be and in
00:10:08.680 what capacity but yeah it's just another
00:10:11.120 incentive in another set of incentives
00:10:13.680 to innovate really so yeah only a matter
00:10:16.839 of
00:10:18.000 time all right last last little clip
00:10:20.720 here while the interfax report did not
00:10:23.040 specify how much silver Russia's state
00:10:24.959 fund plans to acquire this move is
00:10:27.680 noteworthy as Russia becomes one of the
00:10:29.399 first countries to diversify its
00:10:30.920 reserves into silver so as you mentioned
00:10:32.880 a minute ago other countries will
00:10:34.399 probably follow with gold prices
00:10:36.560 continuing to Surge other nations may
00:10:38.240 also continue adding silver to their
00:10:39.760 reserves a trend that alongside numerous
00:10:42.200 bullish factors could drive silver to
00:10:44.000 $50 an ounce and potentially much higher
00:10:47.000 so we did talk about this a little bit
00:10:48.560 anything you want to add here uh $50 an
00:10:51.880 ounce is just an area where it's going
00:10:53.959 to bounce off of resistance for a little
00:10:56.519 while and then it it should blow past it
00:11:00.200 and I believe $150 silver is absolutely
00:11:04.040 appropriate for the you know we did a
00:11:06.920 chapter on silver in the great gold and
00:11:08.720 silver Rush of the 21st century and we
00:11:10.720 showed that it there is nothing that you
00:11:13.880 can measure in modern society uh that is
00:11:17.959 is selling at a discount to its 1980
00:11:21.639 price and then as we looked at the
00:11:25.120 expansion of all of the different of the
00:11:27.959 stock market uh the currency several
00:11:31.279 different measures of the currency
00:11:32.760 Supply the price of real estate the
00:11:34.760 price of this the price of that from the
00:11:37.360 1980 High uh it was some astounding
00:11:42.200 numbers uh some of them if you used that
00:11:46.200 expansion were giving us quadruple
00:11:48.880 digits so you were over ,000 an ounce if
00:11:52.560 silver went into the same kind of bubble
00:11:54.800 against other assets that it was in in
00:11:57.240 1980 and as we know history very often
00:12:00.040 repeats I like to say it always repeats
00:12:02.000 but with little twists and so yeah uh I
00:12:05.560 think $50 is just an air sort of a
00:12:09.079 stopping point on the way if you know it
00:12:11.519 should go up and hit that and there will
00:12:13.560 be a bunch of people that see that as
00:12:15.199 resistance and they will sell but then
00:12:17.880 it'll build another base and blow right
00:12:19.800 through that $50 thing and that just
00:12:22.800 remove the word potentially there from
00:12:24.600 the last
00:12:25.959 sentence that's right just replace it
00:12:28.519 with go
00:12:29.720 go an ounce and go much higher yes
00:12:34.000 exactly I totally agree well let's look
00:12:35.480 at a couple charts and they are right on
00:12:37.079 the theme of what you just talked about
00:12:39.279 um the the first one here is a a
00:12:41.560 triangle pattern here the latest news
00:12:43.120 from Russia reinforces the technical
00:12:44.880 chart patterns I've been tracking this
00:12:46.480 isn't me this is the author of the
00:12:47.839 article which suggests that silver could
00:12:49.959 reach $50 and Beyond in the near future
00:12:52.399 in a recent article I highlighted how
00:12:53.920 Silver's monthly chart reveals a
00:12:55.880 breakout from a massive twod decade long
00:12:58.600 triangle pattern this breakout signals
00:13:01.000 that silver is on the verge of a
00:13:02.480 powerful bull market you can see this
00:13:04.720 long-term triangle going back to roughly
00:13:06.560 the year
00:13:07.720 200000 H forming support and the 2011
00:13:11.959 Peak forming this resistance line and we
00:13:14.279 did break out earlier this year and it
00:13:16.720 looks like we're staying above that line
00:13:18.760 so this signals to me that we're going
00:13:20.839 to be getting we're already in the bull
00:13:22.360 market of course but it's probably going
00:13:23.839 to go a lot higher yeah and anybody that
00:13:26.760 was listening to us we were pointing out
00:13:29.160 gold had a triple top it had an inverse
00:13:32.880 Head and Shoulders it had a big cup and
00:13:35.399 handle and then I analyzed silver as
00:13:37.760 well uh long before this article and
00:13:41.320 showed that you had this down tilted
00:13:43.600 inverse head you had a bigger cup and
00:13:46.000 handle than gold uh you had the inverse
00:13:49.639 Head and Shoulders you've got sort of a
00:13:52.040 triple top and I said that when the
00:13:54.519 breakout happens there's going to be a
00:13:56.240 slingshot move and there it is anybody
00:13:59.800 that wasn't uh positioned in silver then
00:14:03.920 or buying then sort of lost out on that
00:14:07.079 uh slingshot move but you know the fat
00:14:10.199 lady has not sung yet yeah it ain't over
00:14:14.360 yeah we're just getting started and
00:14:15.759 Silver's up like 50% in the last 12
00:14:18.600 months so exactly and somebody could
00:14:21.480 have taken advantage of that had they
00:14:23.480 you know a lot of people did listen but
00:14:25.199 a lot of people didn't and so it's yeah
00:14:29.399 it the patterns were so obvious and then
00:14:31.959 silver was confirming Gold's pattern and
00:14:35.120 gold drags silver with it for a little
00:14:37.480 while silver did you know when when the
00:14:39.399 breakout happened uh silver took a
00:14:41.720 little bit of time uh to uh also break
00:14:45.480 out but gold drags silver with it all
00:14:48.800 over the place there's uh a fairly tight
00:14:52.759 correlation but it's not a perfect
00:14:54.519 correlation in silver legs usually so
00:14:57.880 yeah yeah so right I I just want to say
00:15:01.959 that uh you know for the audience that
00:15:05.040 yes he's got this chart in here this
00:15:07.000 chart is great Ronnie sterle of uh of
00:15:10.519 incrementum also shows this chart
00:15:13.040 although he tends to use monthly data
00:15:15.079 instead of daily data um and uh but
00:15:19.480 we've been over this many times and we
00:15:22.279 were showing it as it was developing and
00:15:25.880 uh so that 50% move that's big but it's
00:15:31.040 um nothing compared to when we hit 50
00:15:33.519 bucks again so yeah yeah exactly well
00:15:37.279 speaking of 50 bucks you mentioned
00:15:38.839 earlier that it's a resistance line and
00:15:40.600 that's what we see here on the long-term
00:15:42.639 logarithmic chart so if that previous
00:15:45.319 chart isn't exciting enough Silver's
00:15:47.440 logarithmic chart dating back to the
00:15:49.000 1960s reveals a cup and handle pattern
00:15:51.480 that you just talked about Mike that
00:15:53.079 suggests silver could reach several
00:15:55.279 hundred per ounce during this bull
00:15:57.199 market however a close of o the $50
00:16:00.000 resistance is necessary to confirm this
00:16:02.639 scenario you can see that $50 resistance
00:16:05.199 line we've bumped up against it twice
00:16:07.839 over the last 44 years and we are poised
00:16:10.480 to go much higher right I just want to
00:16:13.319 say we were the first ones to show that
00:16:15.759 long-term the 44e cup and handle the one
00:16:18.519 that goes all the way back to January of
00:16:21.680 1980 uh there was other people talking
00:16:24.600 about the cup and handle that had
00:16:25.959 developed this Century uh since 201 201
00:16:30.240 that cup and handle right there and then
00:16:33.199 uh we made a video uh or I did I can't
00:16:36.079 remember if it was both of us or if it
00:16:37.600 was uh just me but I made a video on the
00:16:41.040 cup and handle and it went with that uh
00:16:43.880 Series where we were developing that
00:16:45.480 triple top inverse head and shoulders
00:16:47.759 and uh and cup and handle for gold and
00:16:51.199 then I took a look at Silver and when I
00:16:52.880 looked at the longterm sh chart I went
00:16:55.040 oh my
00:16:56.600 God because you've got a cup and handle
00:17:00.399 in the handle of a cup and handle that
00:17:03.480 is so big that you are talking about
00:17:05.880 $150 silver or higher and uh and so I
00:17:10.199 believe these patterns so far have been
00:17:13.160 very reliable and uh you know there's it
00:17:16.599 it's not a for sure thing but uh and I
00:17:19.799 also believe this is the last
00:17:22.240 opportunity to take advantage of
00:17:24.319 something like this this is the last
00:17:26.079 great precious metals bull market we're
00:17:28.520 going to have ai soon and when uh we
00:17:31.960 reach that Singularity when it just
00:17:34.480 takes off um we're going to be after
00:17:38.000 that in a Commodities bare market now
00:17:40.880 gold and silver are money they're a
00:17:43.440 commodity yes when in downtimes but they
00:17:46.640 really uh become I mean we wrote a lot
00:17:49.840 about that in a chapter on uh it the it
00:17:53.960 was uh the gift of gfin in chapter 7 of
00:17:57.799 the great gold and silver rest
00:17:59.679 uh and if you don't if if the audience
00:18:01.840 doesn't know what a gfin good is and
00:18:04.000 you're thinking about investing in gold
00:18:06.080 and silver you really should find out
00:18:09.039 what a gif and good is because there is
00:18:11.200 going to come a day when gold and silver
00:18:14.799 stop trading like a commodity and trade
00:18:16.799 like money uh and it's going to be you
00:18:19.640 know against uh bonds that people uh
00:18:23.440 will have where um that becomes a risky
00:18:28.559 in investment and uh and so when you're
00:18:32.320 in search for safe havens the safe
00:18:34.440 havens are uh bonds right now us
00:18:38.200 treasuries gold silver cryptos those are
00:18:41.640 the safe havens but when us treasur N
00:18:45.640 More Than 90% during uh panicky times
00:18:50.280 more than 90% of the uh funds go toward
00:18:55.120 us treasuries usually uh and and 's that
00:18:59.200 10% that might search for alternative
00:19:01.720 assets like gold silver and cryptos but
00:19:05.960 uh imagine what happens when people
00:19:10.320 start asking themselves well am I ever
00:19:12.360 going to get paid back does the US
00:19:14.200 government have the ability to and then
00:19:16.679 they take a look at like the
00:19:18.760 demographics uh the
00:19:20.559 retirees the uh government sort of you
00:19:24.320 know um it it depends I don't know which
00:19:27.440 way the elections are going to go go
00:19:28.919 nobody does but I do know that some of
00:19:31.799 the proposals as far as a
00:19:34.559 44.6 capital gains tax and uh and a an
00:19:39.240 unrealized gains tax these things are
00:19:42.840 going to crush the economy it's these
00:19:45.880 are proposed by people that know nothing
00:19:47.840 about economics that's the problem is uh
00:19:51.159 when people that don't know anything
00:19:52.480 about economics are in charge uh we're
00:19:56.039 in some deep doodo uh and uh I just uh
00:20:01.840 think that the next time that we have a
00:20:05.559 big rush people will also be that bonds
00:20:09.760 will be
00:20:10.960 suspect and when bonds are suspect gold
00:20:14.400 and silver become the ultimate GIF and
00:20:16.640 good and this is something that people
00:20:19.280 should read it's in chapter seven of
00:20:21.039 great gold and silver
00:20:22.679 Rush yeah absolutely and for folks who
00:20:25.039 don't know a gif and good like or
00:20:26.400 ordinarily for a regular good if
00:20:27.960 something gets cheap you say all right
00:20:29.360 I'll buy more of it that's a good deal
00:20:31.440 but a GI and good is kind of the
00:20:33.559 opposite as it gets more expensive
00:20:35.760 that's when people say oh yeah now I now
00:20:37.679 I really want it and that's that's what
00:20:39.400 you're saying happens to gold and silver
00:20:41.320 as that price goes up people say all
00:20:42.960 right now I want it I didn't want it
00:20:44.480 when it was cheap it's the opposite yeah
00:20:47.720 it's the opposite of normal Supply
00:20:49.280 demand Dynamics and and a an economist
00:20:52.200 named giin proposed this back in the
00:20:54.480 1800s I believe uh and so uh go gold and
00:20:58.880 silver are the ultimate GIF and good
00:21:01.480 where uh their supply demand uh Dynamics
00:21:05.120 versus price uh are pretty they go along
00:21:09.720 with normal Supply demand Dynamics and
00:21:12.640 then suddenly flip and they're the
00:21:15.440 exactly the opposite of normal Supply
00:21:18.120 demand price
00:21:20.320 Dynamics yep
00:21:22.360 exactly so yeah so so getting back to
00:21:25.080 the the silver here and Russia buying uh
00:21:27.360 there's really two scenario or I guess
00:21:29.400 there's at least two different reasons
00:21:31.120 why Russia could be buying all this
00:21:32.679 silver and and other precious metals and
00:21:34.760 so forth and it's sort of like uh could
00:21:38.919 be used used in industry or used as
00:21:41.320 money effectively right if you're
00:21:42.960 planning on trading it uh and there's
00:21:45.799 also two ways of looking at it which is
00:21:47.720 basically like okay are they preparing
00:21:50.039 for war time or are they preparing for
00:21:53.240 peace time and I think it could be a
00:21:55.600 combination of all these different
00:21:57.000 things so I found this other article
00:21:59.559 which came out almost a year ago and it
00:22:02.880 basically says silver demand increases
00:22:04.600 due to new Hypersonic missiles the arms
00:22:07.679 race in space remember Trump created the
00:22:10.600 space force during his administration I
00:22:12.919 mean I almost forgot about it but like
00:22:14.960 yeah apparently the arms race in space
00:22:16.679 is intensifying this could consume
00:22:19.159 millions of ounces of silver and I'll
00:22:21.720 just read uh part of this here the
00:22:23.279 introduction of the new Hypersonic
00:22:24.799 missiles will be like a revolution
00:22:26.880 similar to the introduction of cell
00:22:28.240 phones and it will require vast amounts
00:22:30.760 of silver historic market growth is
00:22:33.159 expected surpassing all previous
00:22:35.760 military Technologies that's a pretty
00:22:37.320 bold claim that there's going to be more
00:22:38.760 silver used in this than in all previous
00:22:41.400 military Technologies because there's a
00:22:42.799 lot of military technologies that use
00:22:44.279 silver it's not only as used as an
00:22:46.679 investment metal in jewelry and in
00:22:48.120 Industry as a material special
00:22:49.679 properties it also plays an important
00:22:51.440 role in fighter planes tanks bullets
00:22:54.159 night vision goggles bombs and missiles
00:22:56.559 and that's just the military sector so
00:22:59.760 yeah if you know if World War III
00:23:01.799 happens I mean obviously hopefully not
00:23:04.200 um but it could be that Russia and other
00:23:06.159 countries begin or continue to prepare
00:23:08.320 for this again this article's a year old
00:23:11.320 uh so we could be seeing a tremendous
00:23:13.440 amount of demand for silver coming from
00:23:15.760 the military sector any thoughts on that
00:23:18.960 Mike uh well it you know if we do have
00:23:22.799 World War III it'll be very bullish for
00:23:24.760 silver until the day that we're all dead
00:23:26.600 and then there we will be gone and there
00:23:28.279 will will still be
00:23:30.000 silver just sitting there doing nothing
00:23:33.039 yeah yeah I you know uh here is um uh
00:23:42.080 yeah this is extremely bullish for
00:23:46.039 silver yes um one of the things that uh
00:23:50.440 happened throughout history is the US
00:23:52.760 used to have the world's largest uh
00:23:54.640 silver stockpile the Strategic Silver
00:23:57.320 Reserve uh the word strategic is because
00:24:01.919 uh the strategy involved for war and so
00:24:05.120 on you need silver for all these things
00:24:07.640 and we liquidated that stockpile it's
00:24:12.679 gone yeah not good not good well no good
00:24:17.760 if you're a silver investor because the
00:24:20.000 government can't dump tons and tons and
00:24:22.679 tons of silver onto the market to
00:24:24.400 suppress the price they don't have any
00:24:27.399 uh and then instead of using the largest
00:24:30.320 stockpile on Earth to build all of these
00:24:32.880 things that you're talking about in this
00:24:34.360 article they've got to go out into the
00:24:36.120 market and buy it so that's the reason
00:24:38.440 it's so bullish Yeah well yeah bullish
00:24:41.080 for the investor but it's not bullish
00:24:42.919 for you know your military that's trying
00:24:44.880 to protect your country so anyways uh
00:24:48.279 silver Sil or destroy the world I mean
00:24:51.360 there's two ways of looking at it yeah
00:24:54.520 so well yeah and then the other side of
00:24:56.200 the coin here is if there is peace time
00:24:58.559 right if we're able to avert war and
00:25:00.520 hopefully that's the case um there's all
00:25:02.360 these other applications for silver and
00:25:04.200 this is not a complete list of course
00:25:05.919 there's jewelry and Decor mirrors as a
00:25:08.279 kid I always wondered how does a mirror
00:25:09.880 work like what is that made of so I can
00:25:11.840 see myself well silver uh electronics
00:25:15.039 right anything electronic uses silver
00:25:16.960 it's the most conductive element on the
00:25:18.919 periodic table uh solar panels and the
00:25:21.440 whole green energy Revolution tons of
00:25:23.600 medical applications because silver is
00:25:26.159 antibacterial and antimicrobial
00:25:28.919 it's used for water purification
00:25:30.880 photography musical instruments and
00:25:33.360 batteries so there are so many
00:25:35.600 applications for silver super bullish
00:25:38.080 any way you look at it yeah um well
00:25:41.559 there's two things one the batteries uh
00:25:44.039 I can't remember which company it was
00:25:46.320 but there was
00:25:47.399 just huh maybe it Sam that new battery
00:25:51.080 that uses a lot of silver that uh is so
00:25:54.200 much more energy dense than lithium ions
00:25:57.120 and charges very very quickly and lasts
00:25:59.679 a very very long time a lot of Cycles uh
00:26:03.520 that uses uh a lot of silver compared to
00:26:07.039 the current batteries that are being
00:26:08.600 used uh but the other thing is if you
00:26:11.080 said if we can avoid war doesn't matter
00:26:13.360 if we avoid war they still prepare for
00:26:15.360 it so it'll be all of this going on plus
00:26:17.960 the expenditures in the military it
00:26:20.279 isn't like one or the other uh this
00:26:23.039 doesn't have to be the safety net just
00:26:24.960 in case we don't have World War II in
00:26:27.559 their preparation for World War III that
00:26:30.720 will be happening with this
00:26:33.200 simultaneously uh pretty much nothing is
00:26:35.760 going to stop the military industrial
00:26:38.440 comp complex from expanding and using
00:26:42.200 tons and tons of
00:26:44.919 silver yeah absolutely super bullish on
00:26:48.720 Silver and one other use of silver uh I
00:26:51.120 learned about roughly a year ago when I
00:26:53.320 was in India I saw this at a a tour of a
00:26:57.799 palace a giant n made of silver that can
00:27:01.159 hold 2,000 liters of water and the
00:27:04.360 Indian empire would use this to hold
00:27:06.679 water whenever they would travel to
00:27:08.279 visit other Empires and you know several
00:27:11.320 centuries ago you know the the land
00:27:14.320 wasn't developed it was Jungle right
00:27:16.039 they had to Traverse very difficult
00:27:17.799 terrain and of course they wanted to
00:27:19.399 bring safe drinking water with them so
00:27:21.279 this is how they did it because of
00:27:22.520 Silver's antibacterial properties and
00:27:25.080 they would carry these giant ears on the
00:27:27.279 backs of elephants
00:27:28.840 you could see this is like as tall as a
00:27:31.200 person you know maybe six feet tall two
00:27:32.840 meters tall and uh it's got away well I
00:27:35.840 guess 2,000 lers is 2,000 kilograms
00:27:39.600 which is uh 2.2 tons I want to say and
00:27:43.240 that's just the water not even the
00:27:44.440 weight of the silver so pretty heavy so
00:27:47.440 I thought this was I thought this was
00:27:49.559 pretty cool and there's a picture of me
00:27:51.559 standing in front or squatting in front
00:27:53.600 of it to give you a sense of the scale I
00:27:55.720 could I could have fit in there I'm sure
00:27:57.279 I don't know if I would have made it
00:27:58.240 through the neck but I I could
00:27:59.519 definitely fit in there you know they
00:28:02.799 need to up their security imagine what
00:28:06.039 that will be worth when silver goes past
00:28:08.840 $50 an ounce when it is 150 or higher uh
00:28:13.039 the value of that thing and they've just
00:28:15.279 got it in a glass box it doesn't look
00:28:17.120 like there's any um I I suppose it's in
00:28:20.159 some Museum or Palace and highly
00:28:22.760 protected but
00:28:25.880 still when that thing is worth several
00:28:28.559 million it's probably the collectible
00:28:31.559 value probably makes it worth several
00:28:33.159 million now but uh it's going to be um
00:28:37.039 extremely valuable in the future yeah
00:28:40.200 I'm not sure how you'd carry it you'd
00:28:41.399 have to break in with an elephant and
00:28:43.200 break out with it I don't know it weighs
00:28:46.799 a lot and speaking of elephants later
00:28:49.720 that same day after I toured the palace
00:28:51.799 I actually got a chance to ride an
00:28:53.279 elephant it was super awesome lot of fun
00:28:56.480 I would encourage anyone to do that if
00:28:58.120 you ever get a chance uh so yeah that's
00:29:00.519 all I got thank you so much uh I'm
00:29:04.120 envious sometime or another I'm going to
00:29:06.080 have to start living my life instead of
00:29:07.840 just working all the
00:29:10.200 time yeah well now the video's over go
00:29:12.720 ride an
00:29:13.760 elephant okay yeah thanks thanks Mike
00:29:17.440 thanks everyone