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 sometimes there's 300 ounces sold for each ounce that actually exists that's deliverable and that's like a game of musical chairs where there's 300 people dancing around a room and one chair and when the music stops there could be carnage hi everyone this video is an update on the silver short squeeze being attempted by the folks that follow wall street bets on reddit and it's been an exciting couple of days here what they've done is fantastic the people from wall street bets in exposing

the somewhat corrupt underbelly of wall street it's it they're they're really i mean there's this has big ramifications going forward uh getting to the goldsilver.com main page here you can see that gold and silver have both been rising over the past couple of days but silver has been rising much much faster than gold and that has caused the gold silver ratio uh you know we were up here at like 72 or so silver being 1 77 the value of gold's price and it's dropped uh for a while it was

like um uh 160 second 163rd is uh we're almost at 164th right now and so this is going to continue changing and it's exciting to see this short squeeze i i hope that they're successful at it uh but anyway the stock some of cameron's news here the stock market fatally wounded by the truth the truth being what the people at wall street bets have exposed when a whole bunch of retail investors bought a stock that one big hedge fund was heavily short on and then had several funds but one of

them super short and then uh they had those funds had to cover and when they cover they buy it back and the price goes up even higher so uh fatally wounded by the truth will stumble and crash is what that one says so uh there could be a stock market crash coming this could have precipitated uh an event that uh that cascades uh and we could be at another lehman brothers moment probably not but uh we might be there we will we shall see um and then silver scales eight year peak as retail blitz continues

new investors long-term positive for silver analysts chinese investors jump in on silver now that's really big this is going to become global and silver wasn't as big overseas now everybody is starting to learn the silver story and how little silver there is that's available india slashes import tax on gold and silver by five percent that's huge news india is uh the world's largest gold importer and so uh for them to be making it more affordable uh means greater demand so uh anyway you know it's where we got up

to pennies away from 30 bucks today per ounce of silver and that set a uh record price that goes you know it's it's it was eight more than eight years ago that it was at a price that was higher than this so on the radar we've got somebody commenting that buying by buying silver or going long on silver you would be directly putting money into the pockets of the exact hedge funds that are on the other side of the gamestop trade the hedge funds are long silver not short silver the main street wall street

normies and every other non-wall street bets uh person are trying to push you into buying silver this would be a tragic irreversible decision that will not only most likely not make you any money because the squeeze is fake it will put you on the sidelines from this righteous and glorious war we are in uh if you are looking for an alternative for alternative investments to gamestop i'd recommend simply getting in on the bang gang blackberry amc nokia and gamestop uh now um a couple of comments here i mean it is

nice that they see this as their righteous and glorious war because of the stuff that they've been able to expose and the different sets of rules that wall street gets to play by that the retail investor doesn't get to play by and that is wrong wall street gets favored and then whenever they're losing they change the rules so that they can win but uh silver you know i see it as a long-term investment i have been accumulating silver since 2003 i started buying when it was four dollars and 30

cents an ounce it's been one of the best performing assets of this century and i continue to accumulate and i will accumulate more i'm actually hoping that the price goes down everybody hates it when i say that but i like to buy on dips and uh i i wish there would you know we've had a couple of days run up i hope there's a dip coming here but silver can't vanish if you've got options or some sort of leverage futures contracts whatever those can vanish if you're buying like slv

or gld for gold the exchange traded funds those are things that that are a share of a in a trust that is supposed to hold gold or silver but it's not gold and silver when you buy real gold and silver and take delivery of it or put it in a storage account where it's insured it can't vanish it's physical ounces that'll stay there and i absolutely believe that silver is destined to for triple digits uh and it's because it's one of these things that has never failed you know in 5 000

years as the predominant currency and for the last 2 500 years it's been the predominant money after it was minted into coins that were fungible had equal value instead of bits and pieces of nuggets of silver and stuff and scraps once it became money uh 5 000 years ago it has it's maintained a value since then it can't go to zero uh it's it's the constitutional money of the united states and we don't use money as our currency we use national fiat currencies globally which are debt based

and the very math of the way they come into existence means that they constantly have to lose value and that's what inflation is it's the currency going down it's not stuff going up it's the currency going down if we use money you wouldn't see this inflation there is a big difference between currency and money money must be a store of value therefore all the national fiat currencies do not qualify now only gold and silver are money they have been for 2500 years and in the u.s constitution it says that uh only

gold and silver can be money in the united states but where what we're using instead now is federal reserve notes it's a note it's an iou it's an iou nothing because all they i o all they you owe you is more uh of these notes so uh anyway i i if you're in for some big short squeeze where you're going to jump in and jump out you're going to make 50 times your your money well maybe you can do it with silver and the funds that are long silver are going to be making money with you they're

going to be making gains i mean currency because you're going to turn your money back into currency which i think is ridiculous when you've got real money stick with it until that real money is fairly valued against the other stuff in society once again right now it's horribly undervalued compared to the other stuff in society and when gold and silver are buying the right when silver buys the right amount of gold and when gold buys the right amount of shares of the dow or uh you know real estate uh oil there's a

whole bunch of ways of measuring uh gold's purchasing power and when these things get back to where they were you know when it comes to silver name something just name something that is selling at a discount to its 1980 price it was 50 bucks in 1980 and it's it's you know near half that right now name anything there isn't anything except maybe computer chips but that's because of tech technological gains that computer chips went down uh other than that everything is about 10 times more

expensive or more so you're talking you know it should be 500 to have that same relative value against other stuff in society i just absolutely believe to the core of my being that silver is destined for triple digits and gold and silver are a safe haven asset you want those uh when other things are really going to hell when when the stock market is crashing and when the dollar is uh falling and when u.s treasuries start coming into question because of all the currency printing every time that there is a

crisis now they just try to buy their way out of it by creating a whole bunch of currency and they can't take interest rates down anymore so uh the big question is here is it too late to buy silver no it's not too late stop measuring it with dollars and start measuring it with other stuff and when you measure it against gold right now it's at 163rd uh gold's price uh in uh 1980 in january of 1980 it was 1 14 of gold's price so it caught up to gold quite a bit is it going to go there again i don't know but

what i do know is that uh silver is still a bargain until it gets to probably 1 20th of gold's price at that 20 to 1 ratio i'm either going to be selling my silver and buying real estate or high dividend yield stocks or maybe i will just turn it into gold if i think this ride and the crisis is not over and if i buy silver right now up in the 60s uh where you know the gold silver ratio and then change it into gold down at 20. i got three times more gold than i paid for so that is the the uh system that i have

been at the the system that i have been working now uh i started on my journey in in 2002 with gold 2003 with silver but learning the silver story you know the great thing about this silver short squeeze is that a whole bunch of new people are coming into silver they're discovering that it has a very special story behind it is it too late to buy silver not at all uh this is a very good time to buy silver could it go down yeah it could go down temporarily but it can't stay there gold and silver are money and when you

measure money with the with the fiat currency that's being uh destroyed by diluting the constant dilution of the currency supply and causing prices of everything else to go up eventually gold and silver have to catch up the tweets of the day uh gold ventures silver squeeze says uh wall street bets is about to miss the best train of the century and they start and they start to realize it is actually the best trade of the century the ghost is now out of the bottle uh so the silver squeeze and then you know this is

a scene from jaws and uh he says i think we're gonna need a bigger boat and here it's we're gonna need a log chart if this silver squeeze happens it's going to look like this that's what the chart will look like and you will only be able to see a couple of days of price movement everything else will be compressed on a log chart it's showing the percentage gain instead of the dollar gain and that will then uh show you past trading history and and what your actual gains were percentage wise from wherever

you went into a trade so that's a an excellent uh chart excellent uh tweet there uh this is the simplest chart available for understanding why comex is ripe for a silver squeeze note that just four banks are short over 90 days of global silver production that's over 200 million ounces then compare silver to the other commodities so this is important and then this is from nick laird at gold charts or us nick's a great guy you might want to visit his website and subscribe if you're really interested in all this

because it is a wealth there's nobody that keeps as much data and generates as many charts as nick but if we look at this chart a close-up you know he was saying 90 days well that's gold not silver silver is up at about a hundred and almost 170 days it's close to half a year for the largest four traders it's a 125 days for the four largest traders so the eight largest traders uh almost half a year and it's pretty much double what gold is uh you're talking about 57 days for the four largest traders on gold but

look at this it's only the the precious metals that get this manipulation with uh sure you know constant shorting on the precious metals this is the way normal commodities trade and then if you look at the commitment you know this is commitment of traders uh but you can get reports uh from the commodities exchange that show how much silver they have in the category where it is deliverable into these contracts and what's really interesting is this is like a game of musical chairs normally they don't have

a whole bunch of people taking delivery and so they don't worry about it how much they've got and they let it dwindle to where sometimes it's like 300 to 1 or greater the number of contracts where they they generate a paper contract and invent silver that doesn't exist and they sell it into the market with this silver iou and then the amount of silver that's available to deliver into these ious is sometimes there's 300 ounces sold for each ounce that actually exists that's

deliverable and that's like a game of musical chairs where there's 300 people dancing around a room and one chair and when the music stops there could be carnage and so that's part of the silver story it's worth learning all of this and i want to welcome all of the new people that are in this and i urge you to uh not just use this squeeze play but to take a look at the long-term history of silver i want to welcome the 3 820 new subscribers since yesterday thank you very much and remember anybody

that's new to this today hit that subscribe button hit the notification bell so you're notified notified when the next uh videos come out and make sure that you give it a thumbs up if you are interested in precious metals at all and i believe everybody that holds cryptos should also hold precious metals i don't own a lot of stocks and what stocks i do own are stocks that have to do with precious metals and so these are alternative safe haven investments and there's going to come a

day where there's a crisis and it's going to affect the currency and there is going to be a rush into gold and silver like you have never seen and it will go ballistic it's going to leave every past bull market in precious metals in the dust it's a completely different setup this time around than it was in previous precious metals bull markets but if you do this if you subscribe hit the notification bell and give it a thumbs up uh the algorithms at youtube recommend this and then more people find out about

silver more people buy and the price go it continues going up so if if you're in this and you want to win it one of the ways to do this is help us out by doing these things so the charts of the day uh this one is from ralph paul and it's interesting you know he's got a line across these bottoms and there's a 50-day moving average and then there's a crash and right here we plunged through it there was a crash and we plunged through it well we're right on that line right now

i mean um where are we going next we've had a rally since this chart has has uh was generated but what you see here is the you know it violate violated that 50-day moving average and then it violated this trend line and so uh we could be in for uh i mean i'm hoping the markets recover and that this goes on a little bit longer i've got my reasons but this is google trends so it's the number of searches and the silver short squeeze versus gamestop short squeeze and silver has surpassed the searches

for the gamestop however we still have a long way to go to get up to that peak where gamestop was uh you know where it shot up and everybody was interested in it and i wanna i'm hoping that this keeps on rising it would be great to see that keep on rising and you know uh that one uh tweet that was uh saying that uh you know don't uh go long silver go along these other stocks that that uh along with gamestop um silver i i just don't think and you know if you're going to play play

trading do that through the etf then that's fine but if you're going to buy silver if you buy physical and take delivery of it either in a storage account that's uh separate from the commodities exchanges or take delivery of it at home then it's it's gone from the market and it's not going to go back on the market and call the cause the price to fall and there is so little silver available you saw that uh if this short squeeze works there's uh there's they've they need to

buy up 120 days of the global production of silver in order to cover the that short position so viewer feedback this is from my video eat my shorts woodrow wilson signing the federal reserve act turning over the printing of the currency to the very people the country declared independence from thomas jeffers jefferson asserted that for a nation to retain its sovereignty it must control its own currency creation well you know in the constitution it says that only gold and silver can be money and what's great about that is it

isn't even our own country then that controls it yeah we'll stamp uh some of our symbols in the face of a president onto a coin but uh they can't print this out of thin air it's something that has to be mined and worked for and therefore uh the kind you know we can't do this gigantic deficit spending anytime we want to or do this big wealth transfer that the federal reserve creates when uh you know every time there's a crisis now their answer is to just print a whole bunch of currency and

buy stuff because that's how they get that currency into circulation they buy stuff and what they usually buy is bonds and now stocks and uh what what you're seeing is when they do this they they create a few trillion dollars and uh it ends up causing this it finds its way into the stock market causing the stock market to rise but it's diluting the currency supply when they do that and so it's stolen purchasing power from everybody else into society and and transferring that wealth from them to

the people whose net worth is determined by their stock portfolio if most of your net worth is determined by stocks you're going to be gaining from this currency creation uh whenever there's a crisis that the world's central banks do um but uh it it makes it it mostly goes to people like bill gates and jeff bezos it you know it's it's uh billions of dollars end up in their pocket at the expense of the middle class joe blow says it was interesting watching an interview with keith

neumeyer the other day talking about the supply demand numbers of physical silver using the ju using just the published numbers we are already in a large deficit but the best point he made was that when he was talking uh to the different large consumers of silver that he knew that none of them the the large consumers that he knew none of them would provide actual numbers as to how much silver they would they consume so these are the the all of the different uh types of companies that uh use silver i believe the physical

shortage is much larger than many people realize and you know what it is it is larger and silver is undervalued compared to gold and gold is undervalued compared to the rest of stuff in society uh i was educated about finance through my pension crashing experience in 2008 sorry to hear about that and he's been gold silver ever since then i can't see how anyone can seriously consider putting their wealth in the financial markets right now yes for me i would run for my life from the uh financial markets so now we're at the

quote of the day but first go to my website and get a free copy of my book it's the best-selling book on investing in precious metals and it do you good to uh read some of this before making a move um there's especially like the last it's the last uh 25 of it that is a guide to investing in gold and silver the first 25 is an entertaining history of money there's some simple economics the current state of the global economy and the great thing is this book is more pertinent today than it was the day was

written uh and again subscribe hit the notification bell bell but go to goldsilver.com free book and download a copy gold and silver are money everything else is credit jp morgan and that is actually a misquote but it is so true only gold and silver are money everything else is credit and you know if you leave comments on any other commentators you might want to urge all of the other commentators and pundits out there to stop referring to uh currencies like the u.s dollar the euro the yen the renminbi the pound

they are not money they are currency they are specifically designed to lose value that's called inflation i want to thank you for watching we'll see you next time