Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⚪ SILVER Stackers! ⚪ You Best See This NEW Data! - Silver Squeeze China and India

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⚪ SILVER Stackers! ⚪ You Best See This NEW Data! - Silver Squeeze China and India · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:00
Silver squeeze, silver shortage, silver gone.
0:04
What's going on with the gold market?
0:06
We've got massive news to talk about.
0:08
Wait till you hear 75% 75% of the world's silver.
0:15
You're not going to believe right now right now is we're
0:18
talking where it's going. That's why it's so important
0:21
that we get together. Thank you so much for being
0:23
here. Thanks for giving us your time.
0:25
We hope you feel like you found a little home away from home.
0:28
We can see you you're a part of this community.
0:31
Please subscribe to the channel, give the video thumbs up super
0:34
chat super thanks right super appreciated, but never ever
0:37
expected. Let's talk about the big
0:39
breaking news overnight and then we're going to go get a
0:43
up-to-the-minute update on the silver and gold price.
0:46
But we had a major news event breaking overnight, guys.
0:51
Russia fired an ICBM, an intercontinental ballistic
0:56
missile into Ukraine for the first time.
0:59
And Kiev confirms this. We are seeing massive escalation
1:04
subsequent to the presidential election in the Russian Ukraine
1:09
situation. This is getting downright scary.
1:12
We do not want war, we do not want suffering from anyone in
1:17
the world to support the price of gold and silver.
1:19
But we need to report the facts and this is not a good situation
1:23
guys. Ukraine's Air Force Command said
1:25
that Russia has for the first time in the multi year war
1:29
launched an ICBM targeting the city of Denipro.
1:34
The unprecedented escalation follows Ukraine's recent use of
1:39
US made MGM 140 long range missiles and British Storm
1:44
Shadow missiles to strike military targets deep within
1:49
Russia. They are using US and British
1:52
made weapons to strike inside of the Russian territory.
1:56
The use of the ICBM is Russia demonstrating its greater
2:00
capabilities in response to Ukraine's long range missile
2:04
strikes. A senior Ukrainian military
2:06
official told the Financial Times that Russia launched an
2:10
ICBM called an RS26 Ruseby that has a range of three.
2:17
Listen to this. This is scary. 3700 miles and
2:22
can strike any European capital. So is this why we're seeing the
2:28
gold price in particular move up this morning?
2:30
Let's go out and do an up-to-the-minute check on the
2:33
gold price because last I checked, all right, this is not
2:37
up to date. Hold on here.
2:39
We're going to go to channel sponsor pin backs to get an
2:41
up-to-the-minute price on gold. We're going to press the pin
2:44
backs, the little triangle there, the pin backs magic
2:47
button and all right, we have gold up 12 dollars, 2663 silver
2:54
down 13 cents. The day is young, my basement
2:57
dwellers. And let me tell you, we're not
2:59
just talking about days or months or years when we're
3:04
talking about the silver price, because buckle in, right?
3:07
The next thing we're going to talk about with silver is
3:10
downright shocking. Where is 75% of the world silver
3:16
going right now? Silver shortage, silver squeeze,
3:21
silver gone, Triple digit silver, silver $1000.
3:28
I believe none of these are out of the question.
3:31
And I think that if you consider what we're going to talk about
3:34
now, your view viewpoint regarding the future of the
3:38
silver price may become just a little more optimistic.
3:42
Let's start by going out to our, our, our friend Chris Marcus,
3:47
his sub stack and Mr. Marcus has this sub SEC, which you can you
3:53
can subscribe to. It's the Arcadia Economics gold
3:57
and silver daily. I have a link to it in the
3:59
description of our video. He puts out a keenly insightful
4:04
piece of information every day. And it always has to do with the
4:08
silver and gold market. But let's start with India
4:11
because we got breaking data from India.
4:13
Their gold and silver imports did level off in October.
4:18
OK, we'll talk about gold first, but the monthly India, the
4:21
silver and gold import chart pack from Metals Focus was
4:24
released yesterday, which showed strong monthly imports, although
4:29
a little bit off the recent pace.
4:31
Here's the gold imports for India again, this is a really up
4:37
to the up-to-the-minute news coming out.
4:40
The darker line you can see there is 2024.
4:45
Make sure we're on the right screen, OK, so you can see 2023,
4:50
the lighter color was down a little bit, but the five year
4:54
average, this line here, we're still above that for gold.
4:58
Gold is of course interesting. It's the grandfather of all the
5:01
precious metals. But what we're really interested
5:04
in is silver. And wait till you get a load of
5:07
this and I'm going to show you some data that's going to knock
5:09
your socks off. The silver imports pulled back
5:13
to just over 5000 tons, significantly lower than two
5:18
2023's October import level, although it was still larger
5:24
than any other 2023 monthly fig figure in the sixth largest in
5:28
2024. So here's India's silver
5:32
imports. The darker blue line being this
5:35
year, the lighter blue line being 2023.
5:40
As you can see, we were a little bit lower.
5:43
We don't they only India only imported 500 metric tons during
5:49
the month of October. However.
5:51
However, let's take a look and consider the bigger picture.
5:57
This leaves India on track for a for a historically, historically
6:02
strong year of silver imports at approximately 7000 tons so far
6:09
in 2024 with two months remaining.
6:12
So if we look at this chart, which is through September, we
6:15
see they're at 6500 tons. We add in the October numbers
6:19
makes it roughly 7000 tons. Now I want to do some fun math
6:24
with you, but this is crazy guys.
6:27
This is crazy if so, We're at 7000 tons right now.
6:31
That's all the dark blue lines. We have two months to go if we
6:35
just on average bring in. If India brings in another 500
6:39
metric tons during November and December, that will put the
6:44
annual number for India silver imports at 8000 metric tons.
6:51
OK now I'm confused. How many ounces are in a metric
6:55
ton? A ton ease a ton?
6:56
I can't get a straight answer. Some people say 35,274.
7:02
Thirty, 5000 ounces per ton, but we'll go with the conservative
7:07
number. I want to do a little quick math
7:09
for you, just to show you how much of the world's silver
7:13
production this represents. So if they bring in 8000 metric
7:18
tons and we multiply that times what I say is the conservative
7:21
#32,000 oz per ton, we come to 256,000,000 ounces of silver.
7:32
If we divide 256 by, let's say 850, that represents alone 30%
7:43
of the world's silver output this year being imported by
7:48
India alone. But wait, there's a lot, lot
7:51
more, guys. That's staggering, right?
7:55
I'm dumbfounded. Are you startled?
7:57
I'm startled. But now let's talk about China.
8:00
And when we add China to this, it's unbelievable.
8:03
Where is silver shortage? Silver squeeze.
8:07
Right, Silver $1000. I saw a comment on another
8:13
channel's videos where somebody kind of ripped me for saying
8:16
silver. Hey, I believe it.
8:17
Silver could go to $1000, no doubt about it.
8:20
During my lifetime. Yes, Sir, Ree.
8:23
And we'll be down here having a big party.
8:25
But let's go talk about China. And for this, we're going to go
8:28
to the Silver Academy. And hold on here, wait till you
8:34
get a load of this guys. It is.
8:36
It's staggering. China silver imports surge to
8:40
9000 metric tons. Remember those numbers we just
8:44
looked at for India totaled 8000 metric tons per year, catching
8:49
up quickly to India. Look at the math and when you
8:52
add China and India together, Yikes.
8:55
Do you have silver? This comes from King Kong 988,
9:00
right? Talking about this is crazy.
9:02
China's Zhejiang, Zhongjiang City has the country's largest
9:07
electroplating industrial park, which consumes more than 2000
9:12
tons of silver every year. Hold on a second.
9:16
Hold on a second. Hopefully you guys are still
9:20
here. Hold on a 2nd 2000 metric tons.
9:24
We're going to do some more quick math 2000 times 32,000 is
9:30
64,000,000 oz. One city in China 64 / 850 Oh my
9:41
gosh, that is 8%. And wait till you one city in
9:46
China is is consuming almost 10% of the world's silver output.
9:52
You can't make this stuff up. I'm sorry.
9:55
I'm shocking you. I know it's early on a what?
9:57
What is today Thursday morning, right?
9:59
I mean, I don't want to shock you, but it's a it's very, very
10:03
interesting what we're seeing develop here, but it gets even
10:06
crazier. So this came from translated
10:10
from the Oriental Ghost and that's Chinese writing, which I
10:13
unfortunately cannot read, but that was a translation up above.
10:18
Explosive growth and silver demand by China's industry is a
10:22
phenomenon that deserves our undivided attention.
10:25
The staggering consumption of 2000 tons by that one's
10:29
electroplating industrial Park City is the tip of the iceberg.
10:34
China's industrial silver demand now surpasses 9000 tons per year
10:40
and still climbing rapidly. OK, wait a minute, wait a
10:44
minute, silver stackers, let's do a little more math.
10:47
What the heck? 9000 tons for China?
10:52
9000 * 32,000 Oops. Equals 288 million oz 288 / 850
11:07
that's another 34%. You really can't make this stuff
11:13
up and, and, and you're gonna, we will you criticize me for
11:19
saying that I think silver can go to 60 dollars, $600.00 guys.
11:25
I mean, literally the we, we are, it's we're consuming more
11:29
silver than we're than we're, than we're mining.
11:32
This is just becoming absolutely incredulous at this point.
11:38
The lengths, this is the lengths to which China is going to
11:41
secure its silver supply are nothing short of extraordinary.
11:45
Now they're directly engaging with Peru, who's a major silver
11:49
producer, in dispatching high level delegations led by the
11:54
president of China, Xi Jinping or Xi Jinping, I can't pronounce
11:59
it anyway, right. The president of China is going
12:01
to prove they built this like billions of dollar port so that
12:05
they can ship silver concentrate.
12:08
They don't have to go through the United States anymore.
12:10
They can ship it directly from Peru to China.
12:12
They don't have to deal with the Comex or the OBMS play the
12:15
London Million Market Association over in London,
12:18
England, those old boys, those stuffy British boys were over
12:21
there saying, hey, you wait a minute, you got, you got to put
12:25
all your silver through US. No, China says no thank you.
12:29
We go directly to Peru. We go directly to Mexico.
12:32
I digress. Moreover, in the red, the sheer
12:35
scale of China's precious metal holdings is astounding.
12:40
Right when companies in China like Haitong boast inventories
12:44
of 3000 tons of gold. OK guys, supposedly there's 8000
12:50
tons of gold in Fort Knox in the United States.
12:53
Supposedly you got one company saying they have what, 40% of
12:58
the amount of gold? One Chinese company that the
13:01
entire Fart Knox has and 10,000 tons of silver, which I think I
13:08
don't have to get the calculator out.
13:10
That's like 320 million ounces. It puts into perspective the
13:16
relative size of even the feds gold reserves.
13:19
This accumulation of precious metals is not just about
13:22
industrial use. It's a clear statement of
13:24
economic power and foresight. And I want you to think about
13:28
this. Then we're going to come down
13:29
here and look at these numbers, which will, I'm telling you,
13:32
take your blood pressure medicine.
13:33
It's going to get crazy, OK. But China is the IMF said it was
13:38
the world's biggest economy, right?
13:40
And we either they're the biggest or the second biggest
13:43
and they're growing and they are manufacturing, they make stuff
13:49
and they are their demand for silver is through the roof.
13:54
Look, I'm not, maybe I'm wrong. I'm not trying to, I'm just
13:57
report these numbers don't lie, do they?
14:01
The Silver Institute, the amount of silver being produced by the
14:05
mining industry, the amount of silver, let's add it.
14:08
Let's put it all together and let's have a mind, a mind
14:12
eruption. Remember, keep breathing during
14:17
all this because the I mean this, this stuff can get you
14:19
very excited. I don't want to have to wish
14:22
wish you any health warnings. So the next thing the Silver
14:27
Academy did was this. They compared China and added it
14:31
together. China's industrial silver demand
14:35
290 million oz. That's 35% of next year's
14:41
projected mine output. India's annual silver demand
14:45
imports 325 million. That's almost 40%.
14:49
When you combine them, put them all together and what do you
14:52
get? You get 73.6% OK, and the
14:57
projected annual global silver mining output 835 S China and
15:03
India are going to consume 614,000,000 of the 835,000,000
15:11
ounces of silver that hopefully will be produced next year.
15:15
And I, you know, I talked to the silver mining CEO's all the
15:17
time. They can't find the new silver,
15:19
right? The the easy silver's already
15:22
been harvested. OK, It's already been harvested.
15:26
Guys, This is getting very interesting for the silver
15:30
market. Gold's crazy too.
15:32
We love gold, no doubt about it. We love the precious metal
15:35
mining stocks, the gold mining stocks, the silver.
15:38
But silver is out of this world. I'll tell you what else is out
15:41
of this world. Tell you what's out of this
15:45
world it's that you decided you made a very important decision
15:49
this morning to join us here in the basement.
15:51
Your time is valuable you are unique you are special you are
15:56
the apple of your mommy's eye and when you're here you're part
16:00
of the group you're part of the tribe.
16:01
So all I ask is that you please subscribe and I just realized I
16:05
already said that at the beginning, so I apologize for
16:08
repeating all right let's move on guys, cuz it just gets
16:12
crazier. Where are we are we still live.
16:15
Hopefully you guys, if you guys, if you can see me and hear me,
16:19
please somebody give me a 5 by 5.
16:21
It looks like the the systems are getting a little screwed up
16:26
on top of this system up here. That's a little screwed up.
16:29
Oh my gosh all right, hold on here.
16:30
Don't forget China. This is unbelievable guys.
16:35
Thank you to the Silver Academy. Thank you to Arcadia Economics.
16:40
Don't forget, check out sub Stacks.
16:42
These guys put out great information every day.
16:44
OK, 10 Here we go. Here we go.
16:49
Oh, it never ends. I tell you.
16:51
Make sure you're on the right screen there.
16:53
There you are, Buttercup. Get yourself on the right
16:55
screen. Here we go.
16:55
Make go. Great again says this.
16:57
China needs silver badly. But even China's silver reserves
17:01
are low. The world is slowly waking up to
17:05
a very real global silver shortage dot dot dot coming
17:10
soon. And he put this together.
17:11
We just talked about this. This single Chinese city is
17:16
consuming 8% of the silver mined every year.
17:22
That's a picture of I can't I can't speak Chinese or Mandarin.
17:26
I guess it's called very well Jangjong Jingjiang Jingjong
17:29
Ecoplating specializing zone. That's one city in China, guys.
17:34
It's using 2000 oz. I'm sorry, 2000 tons of silver
17:39
every year. This is real.
17:41
This is unfolding real time right in front of our very eyes.
17:46
We got to stay on top of this and let's get an update from the
17:49
Shanghai Ghost, right? We know the silver over prices
17:52
always higher. But now wait, wait till you're
17:54
here with the Shanghai ghost is telling you and me this morning.
17:59
Oh, they're hitting us on all angles.
18:01
There he is by Zhajun in the last half hour.
18:06
This is crazy what happened in the Chinese market of today's
18:09
trading in the Chinese stock market, gold miners and related
18:13
stocks surged suddenly with the volume rapidly increasing, the
18:19
Hunan gold hit the daily limit up.
18:22
This is so that there's something going on in the world.
18:25
I think a lot of us that own the gold mining and silver mining
18:28
stocks here in the US, although they've generally done all right
18:31
ish over the last six months or so, are ready for a big surge
18:35
too. But let's do our update from the
18:37
Shanghai Gold Exchange. Susie hates when I say Shanghai.
18:43
Maybe you do too. And I'm not saying I'm not
18:45
making I say hi because the silver price in Shanghai is
18:49
always much higher than the silver price in the United
18:52
States and it's kind of fun to do.
18:55
There it is right there. AG Hold on.
18:59
Uh oh boy, we are having some technical problems this morning.
19:03
I apologize guys, here we go. I think we're back and yes, OK,
19:09
OK, there we are. AG, that's silver.
19:12
That's the whatever abbreviation, whatever they call
19:15
it #47 on the on the on the table AG, there's the price in
19:22
U.S. dollars $33.47. Shanghai Gold Exchange is a
19:28
physical market. You hear me say it every day.
19:31
Let's go out and check at the channel sponsor pin backs with
19:34
the current silver prices and the United.
19:37
Oh, look at that. It got better guys.
19:39
We're going to get it green today, $30.86.
19:44
And on the Shanghai Gold Exchange, I don't know what is
19:48
that a 250? It's always higher.
19:50
That's U.S. dollars. OK, Something's going on.
19:54
Maybe that has to do with the fact that that in Shanghai they
19:59
they need a lot of silver. Hold on, somebody now I'm
20:02
getting phone calls. I apologize.
20:04
Let's say thank you. I'm going to tell you what this
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company can do for you. Right, It's not about me.
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Do you maybe like to stack platinum group metals?
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maybe thousands of your fellow basement dwellers have checked
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community from their experiences with Pembex.
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It's the only reason I'll represent them as a sponsor,
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right? It's important to me that
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they're treating you well. I know Mike, I know Brian.
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They're Cpas. They're great guys.
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They're the owners of Pembex. OK, if you're looking, I'm not
20:51
going to tell you what to do. I'm just going to please ask you
20:53
to consider, because you will benefit from this, to get
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silver, gold or platinum group metals and you're going to buy
20:58
them online. Please throw Pembacs into the
21:01
mix. You're going to find right.
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They've got ultra competitive pricing, great selection.
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It's a company you can trust. And it's time for your weekly
21:08
warning, warning, warning if you or anyone you care about, you,
21:14
people you care about, I care about you.
21:16
Warning, if you're ever going to convert an IRA, an individual
21:21
retirement account, into real metal, there's a lot of options,
21:26
many of which advertise heavily on the cable news networks.
21:29
Please take your time. Please realize that if a company
21:34
is telling you they're going to give you $15,000 in free silver
21:38
or $10,000 in free silver, that's it.
21:42
That comes out of your pocket, right?
21:44
And if they're telling you that, please, please, please, please
21:48
be very careful. If you're going to convert an
21:50
IRA, you can talk to the guys of Pmbek.
21:53
You can talk to a lot of different people.
21:55
That's what I would recommend. But at the end of the day,
21:58
compare how many actual ounces of silver and gold, actual oz
22:03
you're getting for the amount of money that you're converting.
22:06
I think if you talk to Pinbeck, you'll be shocked.
22:08
But again, I don't give financial advice.
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I'm just recommending that to you because I believe that you
22:13
will greatly benefit from it. And I care about you, right?
22:17
This is a community. Thank you for being here.
22:19
Thank you to Jake from Jake's custom parts.
22:21
Man, he's like here everyday helping us.
22:24
Annie Oakley, Big 10, the Silvershire, and of course, the
22:27
lovely and talented Silver Susie.
22:31
I think she goes by Susie's house.
22:32
I don't know if she's on here. Susie goes and takes care of her
22:36
elderly mother, has to go stay at her mother's house on a
22:39
regular basis and that's where she is today.
22:42
And that shows you the kind of person she is that she does that
22:44
hurt all of her siblings? But anyway, I won't get into
22:47
that. So I'm here by myself today,
22:50
guys. But are we really alone?
22:52
Maybe you're by yourself. No, we got a bond, right?
22:56
Silver and gold, Right. We love each other.
22:58
Welcome, basement dwellers. Let's move on.
23:01
There's. Oh, boy.
23:03
OK, Well, well, we know this is funny.
23:05
We know that the China and India are sucking in all the world's
23:10
gold. We looked at that.
23:12
We looked at that. Uh oh.
23:14
Did I screw this up? Here we go.
23:16
Now let's just do our daily update.
23:18
The dude, how much paper silver do you think was traded
23:22
yesterday? We'll do a little more math here
23:24
in just one second because the dude tells us that the silver
23:28
market traded 359 oz yesterday. Here, we'll highlight that.
23:35
But wait a minute, I made a mistake.
23:37
I apologize. Right?
23:39
The silver market didn't trade 359 million oz.
23:43
It traded 359 paper oz Paper Unicorn fart dust, right
23:51
electronic. It didn't trade.
23:54
I'll tell you what they traded in in Shanghai.
23:58
They traded this real silver baby.
24:01
OK, look at that. That's AI think that's coin is
24:04
called a what is that a Morgan anyway, an American Silver
24:10
Eagle. They didn't trade this.
24:13
They traded this in Shanghai. But that 359 million, you know
24:17
what that was? That was this kind of silver
24:20
paper, silver, 359 million oz. Let's just, let's just do our
24:25
daily update 359 / 835, which is the projected mine output for
24:32
silver next year. They traded 43% of the world's
24:40
silver paper in one day. One day China and India are
24:48
going to import this year. I'm going to have to stand up.
24:51
I'm getting a little crazy here, right?
24:53
74% of the world's mine output. And over on the COMEX and the
24:59
LBMA, they can trade 43% in one day of the entire world's
25:06
output. Are you kidding me?
25:09
Come on, man. Oh, my gosh.
25:11
OK, Where was I? The dude?
25:14
The dude? China.
25:16
What else do we have to look at? We got we got a lot more to look
25:18
at here. Let's just look at that since
25:20
we're on the silver subject. A visual, if you will.
25:24
This comes from our friends at miningvisuals.com.
25:27
Silver market trends, rising deficits and soaring prices.
25:32
This is gonna show you right in the context of what we just
25:36
talked about, the silver supply deficit.
25:39
Look at that. Kind of reminds me of like, the
25:40
Godfather or something. Anyway, the silver market has
25:44
been experiencing a supply deficit since 2021.
25:47
Probably not news to you, right? But nonetheless, visually, we
25:51
need to look at this. And projections indicate that
25:54
this gap will widen even further in 2024.
25:59
OK, so the black line, make sure I got you on the right screen
26:04
here. Don't want to.
26:05
There you go. You're there.
26:07
OK, The black line is the silver price, which is over here,
26:11
right? You can see we're at about
26:12
$31.00 per oz right now. We're going to do an update and
26:15
see if we get that thing green. We'll go back to the pin backs
26:18
and press the magic button. The, the, the red, what is that
26:22
rust? Rust colored is the deficit.
26:25
The blue is the surplus. Look at this guy's look at this.
26:28
That's the that's the deficit. These are millions of Oz over
26:34
here -200 million oz -300 million ounces.
26:40
Let's get the crayons out and just point something out very
26:45
quickly, which is this. Do you see this trend?
26:50
OK, We're not even going to count that.
26:53
Excuse me. It's going down, down, down.
26:56
On top of that, remember what's going on with China and China's
27:02
economy, and China's demand for silver is continuing to go up
27:07
within the context. And India's demand is continuing
27:12
to go up, that this is continuing to go down.
27:14
And then on top of it all, on top of it all, my output is
27:20
stagnant at best, OK. And on top of it all, take a
27:25
deep breath. This is a new concept for us,
27:29
you know, take a deep breath. So we know the, the, the, the,
27:34
the deficit. We know the growing demand from
27:37
China, India, but guys, on top of it all, the price of silver
27:43
on top of just the physical supply demand, the price of
27:47
silver is measured in Unicorn fart dust paper dollars.
27:52
So we have these fundamental supply demand issues which are
27:55
massive, which are big. But on top of that, it's
27:59
measured, it's unit of measure, which we all subscribe to. the
28:04
US dollar is going down in value at the same time.
28:10
It's like, do you feel put your put your arms out?
28:13
Do you feel all the wind in the sales of the silver price?
28:17
You know, look, I could be dead wrong.
28:19
Don't make any financial decisions based on anything I'm
28:22
saying. I'm just telling you the
28:24
numbers. Would you agree that the US
28:26
dollar in real value is going down?
28:29
Would you agree that the supply demand, the deficit dynamics and
28:34
silver are looking increasingly dire?
28:38
Would you agree? Would you agree also that
28:43
there's only so much silver above ground that they can
28:47
continue to suck out of to fulfill this voracious deficit
28:52
appetite that they have? I don't know.
28:56
I agree, but you don't have to. Maybe I'm wrong.
28:58
I'm just a silver pumper. That really hurts my feelings.
29:05
Hey, Jake, hold on a minute here.
29:07
We got a we got breaking news from Jake from Jake's custom
29:10
parts, please, which wish Angel Eyes a happy birthday.
29:14
Happy birthday to you, Angel Eyes.
29:18
Happy birthday. Thank you Jake for alerting me
29:20
of that. Now back to silver and gold
29:23
Angel Eyes. We hope you have a wonderful
29:24
birthday and we appreciate you. You're very important.
29:28
OK. OK, So that's all that silver.
29:30
There was one more thing. Hold on here.
29:33
We looked at that. We looked at that.
29:36
We looked at that. Are we on the same screen?
29:39
No. You guys can't even see what I'm
29:40
looking at. I apologize.
29:42
Let's take you on a little field trip.
29:43
We just looked at that. We looked at that.
29:48
OK, Here we go. So we're talking about silver
29:51
and gold all over the world, right?
29:53
All over the world. There's something.
29:55
What state do you live in? You live in a state, most
29:58
likely, or a country. You're outside of the United
30:01
States. Welcome.
30:01
We're glad you're here. OK.
30:03
Most, most of us live in the United States.
30:06
Does your state have legal tender legislation?
30:09
Because there is a growing wave of legislation sweeping the
30:13
country over the last few years to allow you as AUS citizen, as
30:18
a citizen of your state, right to use gold and silver as legal
30:23
tender. And we got breaking news from
30:25
our good friend Pat Holland last night.
30:29
I haven't talked to him about this yet.
30:30
However, I saw this from the Missouri Freedom Initiative.
30:34
There's Pat right there, right? He's beloved.
30:37
He's like a on the Internet celebrity at this point and
30:40
rightfully so. Missouri Senator Breaking News
30:44
Mike Moon and Representative Bill Hardwick are preparing
30:48
legislation to make Missouri the 7th state to make silver and
30:53
gold legal tender. Pre file is on December 1st.
30:56
Let's go MO guys, this is a big deal right?
31:00
And we got the citizens for sound money working on this.
31:04
The federal government will never allow silver and gold,
31:08
well, most likely not in the near future, to be used as legal
31:11
tender. However, there's a growing
31:13
number of states in the United States that are passing all
31:17
types of legislation to allow you to use silver and gold.
31:22
It's in the US Constitution. The founding fathers of this
31:27
country who had that, you know, that's like the, you know, the
31:32
foresight to put that in there to help you, protect you, to use
31:36
a silver and gold as real money. What's the biggest news story of
31:40
the last two weeks? Donald Trump, the Trump
31:42
administration, how will it impact the silver and gold
31:45
price? And I'm going to tell you it is
31:48
Trump is going to be the best thing ever for silver and gold
31:53
investors. And I'm going to tell you why in
31:56
just one second. But first, let's say thank you
31:58
to channel sponsor First Mining Gold.
32:00
Canadian gold developer with two multi million ounce projects in
32:04
Canada. Another great news release from
32:06
them this morning regarding drill results at their project
32:09
in Quebec. You can check that out at their
32:11
website here. Let me show you real quick, real
32:13
quickly, you can go to these company websites like this one
32:17
first mining gold, go to investors, you can go to events
32:21
media, learn all about it. And I also want to say thank you
32:26
to channel sponsor Fortuna Mining.
32:29
This is their newer website came out just a couple months ago.
32:32
They're a operating mining company.
32:35
Here's some picture of their mind, pictures of their minds.
32:38
They have operating mines in Latin America, silver and gold
32:41
and an expanding and expanding a gold mining operation in West
32:47
Africa. Thank you to all the sponsors.
32:49
Let's go to Pembex just to quickly get an update on the
32:52
silver and gold price. Come on silver, we need you to
32:56
go green. And it's down four cents.
32:59
We're not giving up yet. We'll come back later and check
33:01
in on silver. Donald Trump, the biggest thing
33:05
is going to be the best thing ever for you as a silver and
33:07
gold investor. And I have something that you
33:09
haven't thought about and I didn't think about till
33:12
yesterday that relates to Donald Trump and I think proves
33:16
unequivocally why he will be good for the silver price and
33:20
gold price #1 and this is not it.
33:22
But he's going to add $7 trillion to our national debt.
33:27
That's what's projected just over the next four years that
33:31
would put us what it probably 44 trillion and knowing that we
33:35
love Donald, but how he how he tends to overshoot and not a
33:39
political statement, not a political show.
33:41
He's the president. We have to you know, respect our
33:43
president. He'll probably get us way above
33:46
44 trillion four years from now, OK, that will be inflationary.
33:51
He wants a low dollar. Oh my gosh.
33:54
And we got to go look at something is, is Satan amongst
33:57
us and the dollar, because it seems like lately every time he
34:02
Donald Trump wants a low dollar, Donald Trump is going to want
34:05
high inflation. And this is where there's I got
34:08
in a little bit. I'm going to give you a new
34:10
piece of, of, of information that is going to shake you and
34:15
make you happy. You're going to be shaking and
34:17
happy about the silver and gold market.
34:19
But I'm starting to think that that there's something going on
34:23
spiritually with the with the US dollar.
34:27
Where is it? Hold on here.
34:28
Is that it? Nope.
34:29
CME Group. Nope.
34:31
What the heck? What happened here?
34:33
Are you guys up here with me? All right, let's go on a little
34:35
field trip. Let's go check the DXY index and
34:44
just make sure that it hasn't started crashing yet.
34:48
We're loading. So like the last three times I
34:50
went to check this, it was 106.66.
34:54
It was like 666. The mark of the Satan.
34:57
If I, you know, I grew up that OK.
34:59
Oh, wow. The dollar's going to dollars
35:01
down a little bit. So it's below 106.66.
35:05
I think that's about the highest it's going to get.
35:07
Trump wants a low dollar. OK, I'm I'm, I'm remorse.
35:12
I promise I won't show this to you guys again for a week.
35:15
But so important for those of you who are new to realize this.
35:19
This my friends was 2001. The 2011, do you see how the
35:27
dollar went down? That was called a bear marketing
35:29
dollar during that time period. Why is this important?
35:32
The reason why this is important for us to I got to, I got to
35:35
drive this through our thick skulls is that during this time
35:39
period where that red line is O1 to 2011, the price of silver
35:42
went from under $5 to over $50. Gold skyrocketed, OK, it was
35:49
because of a quote UN quote bear market in the dollar.
35:52
Bear markets go from highs. The dollar the world cannot
35:56
absorb much higher of a dollar and is the dollar high right
36:00
now? And I again, I promise I won't
36:02
do this for a week, but this is just so critical.
36:06
Well, that's hold on a minute. I didn't do that right Go from
36:10
about right here. Darn it, what the heck is going
36:14
on? OK, we'll go from about right
36:17
here. There we go.
36:20
OK, this is where the dollar is right now.
36:22
One O 6, guys, This is a what, 40-50 year chart.
36:27
The dollar is high. The path of least resistance
36:31
like it did here is down. OK, down.
36:35
And when that happens, that will be.
36:38
And that's what Donald Trump wants.
36:40
And that's not the top secret thing I'm going to share with
36:42
you. But when that happens, that will
36:44
be, we're going to be sitting here.
36:47
We're going to be sitting here in four years.
36:48
I heard Pierre Lasson, you know, Pierre Lasson, the Lasson curve,
36:52
right? The founder of Franklin, Nevada.
36:53
He's the one that said he's like Donald Trump is the best thing
36:56
that ever happened for gold. In four years, we're going to be
36:59
sitting down here talking about silver at $150.00 an ounce.
37:06
I think it's possible. Don't make any financial
37:09
decisions based on what I'm saying.
37:11
But I'm telling you, basement dwellers, it's the real deal.
37:15
It can really, really happen. OK.
37:17
And that's why. But that's not the big bonus
37:20
factor. I'm going to get to it, I
37:22
promise you. OK, Trump needs high inflation.
37:26
There's there's here's, here's the I'm going to let it go.
37:28
I'm going to let it go. The cats out of the bag.
37:32
The biggest reason why as a silver and gold investor, you
37:35
can you know that Donald Trump is going to skyrocket the prices
37:39
that he wants inflation. Think about this.
37:43
Because Donald Trump is a real estate guy.
37:46
He's into real estate, right? Commercial real estate, Real
37:50
estate, residential real estate. He's a real estate guy.
37:54
He likes real investments. People that like real
37:58
investments love inflation. He doesn't care if inflation
38:01
goes to 30%. You know why?
38:04
Because the value of all the real assets that he owns will go
38:08
up with it. But guess what buttercup
38:13
basement dweller? You know what another real asset
38:17
is? This is considered a real asset.
38:23
Silver. OK, I don't have any gold down
38:26
here. I have gold mining stocks.
38:28
But gold? Imagine gold is a real asset.
38:32
He doesn't give 2 toots about inflation.
38:36
He'll be happy. He's got to inflate everything
38:39
away. It's the only way the system
38:40
works. So this whole Trump thing, you
38:43
know, it's the 1970s all over again.
38:46
Massive uncertainty coming down the road, massive inflation.
38:50
Just hang on, let's talk about crypto there.
38:52
There's this new hold on here. Hold on one second.
38:57
Hold on. OK, Sorry about that guys.
39:03
I'm telling you, I'm telling you, I'm not anti Bitcoin, I'm
39:06
not anti crypto. I don't own any.
39:09
I never could get myself to buy it, but I'm getting very
39:12
suspicious, as are a lot of other people regarding what is
39:16
going on right now in the crypto market.
39:19
It is just absolutely out of control.
39:22
All right, there we go. Let me pull this up and this
39:28
this is very simple from Gold Telegraph.
39:30
Japan and China are the two biggest holders of the US
39:34
government debt in the world, and they've been dumping.
39:37
Nobody wants our debt. That's why, you know, rate
39:40
interest rates are going up. Who's buying Tether, this crypto
39:45
Tether that's that's that is like based off the US dollar.
39:48
So they have to buy U.S. Treasuries.
39:51
Oh, I love the irony, the jokes right themselves.
39:54
And this is getting too easy. Thence Lanchey brought this up
39:57
the other day. I'm not a guru in this, but
40:00
essentially what people are starting to say.
40:03
Speculation. Maybe a lot more than
40:06
speculation. Is that this crypto bubble
40:10
that's being blown right now with Bitcoin and Bitcoin?
40:14
I'm sorry, I don't want to offend anybody.
40:15
I'm not anti. I just don't get it.
40:17
I don't. I won't go down that path.
40:19
But they're using this Bitcoin blow, this bubble, and then via
40:24
Tether, which has to buy U.S. Treasuries.
40:26
It's a big mess. Let me tell you what's going on.
40:29
OK guys, let me tell you what's going on.
40:31
And Michael Saylor is saying now, which I'm not very fond of,
40:35
that guy gives me the creeps and I usually trust my gut instincts
40:39
is saying that Bitcoin is going to 13 million.
40:43
OK, here's what's going on. This is how I envision this.
40:45
What's going on. the United States has become nothing but a
40:49
paper Fiat, right? That based and now crypto.
40:55
I don't know what the word is Funhouse fantasy land, like
41:01
everything is fake. And now I'm seeing crypto move
41:05
into and there I think then that's what some people are
41:07
speculating is that they're using crypto now in the crypto
41:11
bubble as a as a Ave. to subsidize the government debt.
41:17
OK, I mean, it's absolutely crazy.
41:20
I think about it like this. There's like a sandbox.
41:23
OK, Remember when you were a kid, you know, there's like a
41:25
little sandbox and there and over in that sandbox you got
41:28
like the US dollar, you got all the US debt and now you have
41:32
crypto and they're all and it's like they're all it's like
41:34
whatever guys do your thing, but it's all fake.
41:38
It's like it's all over here, but over here it's all this
41:41
fake. You can't even see it right,
41:43
fake paper right make believe that crypto US Fiat whatever,
41:50
but over here is real OK, and it's like whatever do your thing
41:54
right I mean the the the cryptos are illegal in China China,
42:00
right The world's biggest economy or second biggest I
42:04
don't know however you want to measure it man, I'm getting oh
42:09
gong. OK, Susie, thank you y'all ring
42:11
the gong man, we got almost 900 people Thank you guys for being
42:14
here it's absolutely crazy right it's AI think it's a it's a I'll
42:19
call it a crypto bubble. I'm sorry.
42:21
OK, oh on top of that oh, I forgot.
42:24
Oh, man, I'm sorry. All right, we'll wrap that up.
42:28
I'm going to come back to something very important about
42:32
silver. But OK, who cares?
42:35
OK, this is what I say. Who cares if Bitcoin goes to $13
42:40
million, right? If they're both worth nothing,
42:45
right? Right.
42:46
It gives you remember this, right?
42:48
We measure at the end of the day, we measure this in Oz, OK?
42:55
So if they want to say, oh, bitcoins going to go to $13
42:57
million, their bitcoins going to go to go to a bill.
43:02
OK, I keep getting text messages.
43:04
Something else, who cares, right?
43:07
It's a little sandbox and the Russians and the Chinese and the
43:10
rest of the world's like, hey, have fun, enjoy your fantasy
43:14
over there, your paper, Fiat debt, Bitcoin, whatever.
43:18
Here, look at this. Look what?
43:19
Look what Peter Grandich. This is, I think completely
43:23
relates to what we're talking about.
43:24
Mr. Peter Grandich had this to say this morning in 1636.
43:32
Tulip nut, Tulip bulb. There was people were, there was
43:35
a, there was the same thing went on with Tulip bulbs, right?
43:38
Tulip mania. Tulip nuts believe the sky was
43:41
the limit despite a near straight parabolic lineup and
43:46
the value of Tulip bulbs. That wasn't that long ago, guys.
43:50
What, 400 years ago? And they scoffed at anyone and
43:54
everyone who would differ with them.
43:57
Sound and look familiar to late 2024, he says.
44:01
I believe. I continue to believe that
44:03
Bitcon needs to cure cancer before the bit nuts run out of
44:07
narratives to own it. OK, and here this is the price
44:10
of Tulip bulbs during that period, Tulip bulbs.
44:15
This was a mania and look how it ended.
44:17
I'm not saying that's going to happen to Bitcoin.
44:19
I'm not anti Bitcoin. I just I don't I don't buy
44:23
what's going on right now. Here's a five year comparison
44:26
that and that's a oh, shoot, shoot MSTR, which is Michael
44:30
Saylor's company. I can't believe the name
44:33
MicroStrategy, but they all they do is now is buy Bitcoin.
44:37
Look at that stock, right, look at Bitcoin.
44:39
So that's what's going on. I don't know, to me, it's
44:44
something I'm not touching. To each their own.
44:47
And, and I will say this to those of you who love crypto,
44:52
the crypto community and the precious metals community have
44:56
so much in common. So we can be friends.
44:58
I respect you. OK, You can respect us too.
45:02
Sometimes there's major contention between the crypto
45:06
and the gold and silver community.
45:07
I respect you, you know, I'm just telling you I'm entitled to
45:11
my truth just like you're entitled to your truth.
45:14
That's the reality, I don't think.
45:18
Well, I'll leave it at that. I'll leave it at that.
45:23
OK, I could be wrong. Maybe we are entering in the new
45:27
whatever phase of of the world. OK.
45:30
But OK, now I forgot something very important earlier.
45:35
OK. Remember, guys, China and India
45:38
this year are going to consume almost 75% of the world's mine
45:43
output. China and India, their demand
45:46
because of solar, because of all the electric cars, is off the
45:50
roof. They're taking in 75 percent,
45:53
75%. Some of you like when I whisper
45:57
75% of the world silver, OK, I forgot to also mention and I
46:03
have a little poem for you. OK, it's not just China, it's
46:07
not just India, but now we can talk about NVIDIA because that
46:12
is real that's the AI tech boom that's going on.
46:16
They are saying that between copper and silver, the amount of
46:21
metals that are going to be needed to support this AI boom.
46:25
What we we'll set aside solar, we'll set aside EVs, we'll set
46:31
aside the new solid-state batteries that are being
46:34
developed. We'll even set aside the
46:37
military demand for silver, which we know is through the
46:39
roof. And if we just look at AI, that
46:43
alone and we got this big news from NVIDIA last night, they put
46:46
up their earnings, the AI revolution is continuing, blah,
46:50
blah. You know, it's crazy, whatever.
46:53
So that's another factor it's going to be, I mean, I, you
46:57
know, I see it. All right, Susie.
46:59
Suzanne, my lovely wife and assistant here in the basement
47:03
who's working remotely this morning, has demanded that I
47:07
ring the gong because, guys, we did it.
47:09
We got 300 thumbs up. You know, we, we occasionally
47:12
ring the gong. Here's the golden gong.
47:16
This one's for you. Thank you, thank you, thank you.
47:24
Let's go out and check on the silver and gold price.
47:26
Basement dwellers. Let's see if we can get some
47:28
green. Come on, we're going to press
47:31
here in a second. This thing right here and for
47:33
those of you who don't know, this is called the Pendex magic
47:36
button. It's really magic when it makes
47:39
the silver price go up. Well, it's green anyway. 0
47:46
$30.88 Wow, Gold is up 18 dollars, 04 oz.
47:51
I almost forgot. We're on a field trip.
47:53
Make sure we got you on the right screen.
47:56
Oh my gosh, you would have got you would have disowned me,
47:58
guys, if I'd forgotten to do this today.
48:00
I apologize. I'm screwing up all over the
48:03
place. Let's just check on the national
48:05
debt, $36 trillion. There was something interesting
48:12
on here I wanted to show you guys.
48:14
Where was it? Where was it?
48:17
It was shocking to me when I saw this.
48:20
Darn it. Oh, food stamp recipients,
48:23
42,000,000 Americans are on food stamps.
48:27
Medicaid recipients. That's not Medicare, which is
48:31
for older people. Medicaid, 90 million Americans.
48:36
That's like one in four or more than one in four are on
48:40
Medicaid. I didn't realize that.
48:43
Now what we really came here to look at was just to make sure
48:46
nothing's changed. And yes, the dollar to silver
48:49
ratio continues to go up. Now we're at 1013 paper Unicorn
48:54
part does make believe. What's some other good words
48:58
that you can think of? Dollars being printed for each
49:01
one ounce of silver, One ounce of silver.
49:07
And what is today's date? The 21st, look at this guys,
49:12
look at these numbers. We've been doing this together
49:14
since that's the 20. It's our one month anniversary.
49:18
Congratulations basement dwellers.
49:20
We started this back here on the 21st of October when the dollar
49:25
to silver ratio was a meager 729 and we were actually, we were
49:31
astounded by that at this point. Again, this is the increase in
49:35
the M2 money supply digital paper Unicorn fart dust money
49:40
right that's being created printed right for each one ounce
49:44
of silver 729 but as we go forward to today 10/21.
49:51
I'm sorry 112124. We are now at what I say 1000.
50:01
Oh shoot, I've got this new computer in the keyboard stinks.
50:06
It's got a 90% chance that it's going to pick up my keystrokes.
50:09
1013 and we were at 70. We're only up about 300 new
50:15
paper towelers for each ounce of silver and gold that are being
50:19
created. Hey, guys.
50:21
Thank you for being here. OK, all 1000 of you.
50:23
It's a big deal. You're the most important part
50:26
of the basement. I want you to have a great day.
50:29
Most importantly, I want you to feel like you've got a community
50:32
of people here that care about you, that you're part of nice
50:36
people only, right? That's.
50:38
I mean, look, look, we just love gold and silver.
50:41
But I think on top of that, we like being nice to each other,
50:44
helping each other. Wonderful people here.
50:46
Hi, Susie. Hi, Jake.
50:48
Hi, Patrick Pearl. Hello, Mark.
50:50
Mark Barnett. Lots of wonderful people.
50:54
Happy birthday again to the birthday girl.
50:56
Angel. Is that right?
51:00
Hold on here. Yes, Angel Eyes.
51:03
Happy birthday, everybody. Have a great day.
51:05
Be nice to yourself. Number one.
51:08
That's a good start to helping you.
51:10
Be nice to other people. Wait, wait, wait, wait.
51:12
You know what? Don't forget.
51:14
I keep forgetting dirty man safe dirty man.
51:17
There it is right there. I'm going to be giving one away
51:19
on December 30th. If you want to check them out,
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you can go to their website, dirtymansafe.com and there's a
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discount code Ron 10. All right, have a good day,
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guys. Thanks for being here.
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Bye bye.