Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 The BIG Silver Number 🚨 Depression, Yellen, Bonds & Costco WARNING

Transcript

🚨 The BIG Silver Number 🚨 Depression, Yellen, Bonds & Costco WARNING · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Did somebody? Call for $5000 silver.
• 0:04
  Is that absurd? We're gonna.
• 0:05
  Dig in to the data supported by this author's.
• 0:10
  Thesis and see why he says the real.
• 0:13
  Value right now of silver should be 5000.
• 0:17
  And that sounds good on a day like today.
• 0:19
  We'd just like not to have a day where silver goes down by. $0.50
• 0:24
  per oz. But it's all paper.
• 0:28
  What does that mean? We're going to tackle that when
• 0:31
  we dig into this author's data, but.
• 0:33
  There's so much more going on. People are talking about the
• 0:37
  big. Major markets, we've got big
• 0:39
  moves happening. Weird things are going on.
• 0:42
  Thank you for that super check cowboy Elvis.
• 0:44
  Thank you my. Friend, so we're going to cover
• 0:47
  that as well. We've got political upheaval.
• 0:49
  Here in the United States, what does that mean?
• 0:52
  What does that tell us? They.
• 0:53
  Could happen for the silver price and gold price.
• 0:57
  Let me move the microphone a little closer so we feel like
• 1:00
  we're all a little closer together because.
• 1:02
  All 200 of us already. What is going on?
• 1:06
  We are a growing. Legion of Basement dwellers, put
• 1:10
  on your basement dweller hat because we got a lot more to
• 1:13
  talk about 5. Percent bond yields.
• 1:16
  What does that mean? And it's just absurd when we
• 1:19
  talk about what that could mean for the precious metals prices,
• 1:23
  but in general as well. I've got some scary information
• 1:27
  on that, and our old friend Janet Yellen opened her mouth
• 1:31
  yesterday. I have a quote.
• 1:33
  Actually, two quotes from Janet Yellen, our Treasury Secretary,
• 1:39
  that are very positive. Long term for the silver and
• 1:43
  gold price and we can only talk long term because short term the
• 1:47
  last week has been just absolutely brutal for investors
• 1:53
  in the precious metals. The mining stocks have taken a
• 1:56
  hit as well. My heart goes out to you.
• 1:58
  Trust me. You aren't alone.
• 2:01
  And some of you I know I get. I get a lot of Flack from some
• 2:05
  people in the community and not bad Flack, but people saying
• 2:08
  don't get. Upset when the price goes down
• 2:09
  because that means that you can buy.
• 2:11
  More, and I completely understand people that have that
• 2:15
  mentality. Actually, that's probably a.
• 2:17
  Healthy mentality. Unfortunately for me, I'm at a
• 2:20
  place where I've kind of bought all that I need.
• 2:24
  I do still buy more silver I just bought.
• 2:26
  Some from Pim Becks a couple days ago.
• 2:29
  But I've made the lion's share of my purchases over the
• 2:32
  decades. So you know, be personally, I'm
• 2:35
  ready for the price to go up, OK, but when it goes?
• 2:38
  Down and that means you if you're an active active.
• 2:41
  Buyer can buy more, that's great as well.
• 2:43
  I think that's a healthy way to look at.
• 2:46
  Things, but the stocks have just been decimated and I bought a
• 2:50
  couple new silver mining stocks. I'm going to tell you about
• 2:54
  those later in the show, but if you are one of those people.
• 2:58
  One of those people who is actively buying.
• 3:01
  Right now is the price of Silver and Gold and Platinum get
• 3:05
  pummeled? Please check out our.
• 3:08
  Gracious Sponsor Pin Becks P I'm sorry.
• 3:12
  Do that again. Pi.
• 3:14
  MB EX Pin Becks. I love to spell it.
• 3:17
  I love to say it. But what I love?
• 3:18
  Even more is that I can trust them.
• 3:22
  Their prices are the best. They always have a good.
• 3:25
  Amount of inventory in stock and I can feel comfortable when I go
• 3:30
  to Penn Beck's that I'm getting a good value and value is always
• 3:34
  important to me. I want to get as many ounces as
• 3:37
  I can. When I buy silver, I'm usually
• 3:40
  buying bars at this point. But everybody's different.
• 3:42
  They have silver bars, they have gold bars.
• 3:45
  They have silver. Coins, Sovereign Coins, rounds,
• 3:48
  any of that stuff. Check them out.
• 3:49
  Throw them in the mix when you're looking for precious
• 3:51
  metals. We got more to talk about.
• 3:53
  Yes, we are going to talk about the D word.
• 3:56
  Depression and not our mental state of mind.
• 4:00
  I already know I'm depressed, but the economy is that
• 4:05
  depressed as well. World will tackle that.
• 4:08
  One I'm going to talk about some weirdness I want to tell you
• 4:11
  about. I'm going to tell you I'm I'm.
• 4:13
  I'm just overwhelmed by this. These stocks the mining stocks
• 4:17
  both the gold. And the silver mining stocks,
• 4:21
  the value proposition that they represent, right?
• 4:24
  So we're going to talk about that.
• 4:25
  It's all. Going to be fun.
• 4:27
  And I have Susie. I don't think she's on the live
• 4:30
  stream. She gave me this list of other.
• 4:32
  Words, I can say. Enthralling.
• 4:35
  You are going to be enthralled. Prepared to be enthralled.
• 4:40
  OK. Oh, and my mom.
• 4:42
  My mom. Mama.
• 4:44
  She's well, she's my mom and I'm 53, so you can imagine she's
• 4:48
  older than me, she said. Something to me yesterday and it
• 4:52
  has directly to do with the. Gold and silver market.
• 4:55
  And she is not a stacker Okay. But she said something to me
• 5:00
  that just blew. Me away.
• 5:02
  And it, to me, is a big, major indicator about where we're
• 5:06
  headed. In this country, when it comes
• 5:08
  to silver and gold, what do you say we dig?
• 5:13
  Right in and talk about $5000 gold I.
• 5:16
  Know, I bet that thumbnail that I put on this video aroused a
• 5:21
  lot of curiosity. Oh, Ron's doing clickbait.
• 5:24
  Ron's talking crazy silver numbers.
• 5:26
  It's not me, it's an author and I want to read this to you.
• 5:30
  Let's. Dig into what he's saying about
• 5:33
  Silver and it has to do with the Comex.
• 5:36
  It has to. Do with the silver market, it
• 5:38
  has to do. What do you think, like with all
• 5:41
  this major geopolitical turmoil that we're going?
• 5:45
  Through right now in the world and it it clearly does spell out
• 5:51
  how. We could certainly see a number
• 5:54
  for silver. Oh, Lord.
• 5:57
  Hold on there. OK, here we go.
• 6:00
  Here we go. Don't leave me.
• 6:01
  Don't leave me. Don't leave me or I'll start.
• 6:04
  Singing OK $5000 silver, This author.
• 6:11
  His name, Lorimore. You ever heard of that name,
• 6:14
  Lorimore people? Everybody's welcome in Ron's
• 6:17
  basement. Including you.
• 6:19
  Hey, before I dig into this, let's get to 100 thumbs up.
• 6:22
  It's easy if you press that button.
• 6:24
  That gives me a little bit of a boost and I want to keep going
• 6:28
  right, and it helps you get the word out to more people.
• 6:31
  We got 100 thumbs up, all right. So what's the What's the idea?
• 6:39
  It's behind this 500. Hold on here.
• 6:43
  I want to get the microphone $500.
• 6:47
  I'm sorry, $5000 silver. It says the case.
• 6:51
  For $5000 silver. Yes, $5000 silver.
• 6:57
  I know, like I said before, we'd be happy just with the day where
• 7:00
  silver. Doesn't go down $0.50 over the
• 7:02
  last week, but let's look at the big picture.
• 7:05
  Let's look at. $5000 silver, it says, if the price of silver
• 7:09
  were based directly. On the real physical silver
• 7:13
  market, silver's. Price, excuse me, should be at
• 7:17
  $5000 per oz, he says. I'm not saying that the price of
• 7:21
  silver will reach. 5000 an ounce, I'm just saying that the
• 7:26
  actual physical silver spot price.
• 7:29
  Is not only extremely undervalued, but that it that it
• 7:35
  is, that it is. An illusion compared to the real
• 7:39
  value. Of an ounce of physical silver
• 7:41
  since it is totally disconnected from reality.
• 7:45
  And we know that, right? We know that commacks were
• 7:48
  basically in the LBMA and London, England, where the price
• 7:51
  of silver is set, that they're corrupt, they're over.
• 7:55
  Leveraged for each one ounce they have in their vaults to
• 7:59
  back up all the silver they trade, there's usually.
• 8:02
  Hundreds upon hundreds. And this author gets into that
• 8:05
  and explains why. Why it's not so crazy.
• 8:09
  It says the physical. Verse paper market difference.
• 8:15
  And let's just think about that right at the end of the day at
• 8:18
  the. End of the day when the when the
• 8:21
  hens come home to roost. When you're cleaning out the
• 8:25
  horse stables, however, you want to say it, right at the end of
• 8:28
  the day, the silver market is a physical market.
• 8:32
  Silver is a. Physical item, right?
• 8:35
  You own some some physical silver, I'm sure gold as well.
• 8:39
  Platinum. Maybe I own some physical.
• 8:41
  It is a physical. Market no matter how you want to
• 8:44
  slice it or dice it. At the end of the day it is OK.
• 8:48
  So here he says the actual spot price for silver has no real
• 8:54
  value. And is not legitimate when we
• 8:56
  seriously compare the real. Physical silver market to the
• 9:01
  paper market and its myriad of financial derivatives, says,
• 9:06
  according to an article by Bloomberg, which has always been
• 9:10
  reliable as a source of. Information The size of a global
• 9:14
  annual silver market is equal to 5.
• 9:19
  Dollars. That means when you add up all
• 9:22
  the actual physical silver. And all the actual make believe
• 9:26
  paper, silver. That up to now has been used to
• 9:29
  set the actual price. On the COMEX, on the LBMA, that
• 9:34
  comes to $5 trillion. Write that down in your brain or
• 9:39
  on a piece of paper, whichever you prefer. $5 trillion, OK.
• 9:44
  According to Dave, a recent interview with David Morgan, the
• 9:46
  annual Physical Silver. Production is 1 billion oz.
• 9:50
  We know that we basement dwellers talk about that all
• 9:53
  the. Time right between what the
• 9:55
  mines produce and recycling. Those are the only two sources
• 9:59
  of silver there's about. 1 billion ounces of silver
• 10:03
  produced per year at 20. Dollars an ounce, which
• 10:07
  unfortunately we're approaching now that makes.
• 10:11
  The entire annual silver market were $20 billion.
• 10:15
  Are you kidding me? Am I sleeping?
• 10:19
  Am I? Am I?
• 10:20
  Am I? Is this real?
• 10:22
  Guys help me out. Here the entire silver market
• 10:25
  right from a mining perspective is actual physical perspective
• 10:30
  is $20 billion that's a, that's that is a.
• 10:34
  Drop in the ocean, OK. And you're going to understand
• 10:37
  this more in a little bit, OK. The difference between the five
• 10:43
  trillion and the 20 billion is is is huge.
• 10:48
  Bloomberg's 5. Trillion number represents the
• 10:51
  entirety of the paper silver market.
• 10:53
  All the financial derivatives, options, etcetera, OK, now he
• 10:58
  says 250 to 1, leverage 250. OK, remember 5 trillion and
• 11:07
  remember 250 to 1 leverage. And if you think want to know
• 11:11
  what leverage means, that means how many times you multiply
• 11:15
  something. Make believe, right?
• 11:17
  That means that that. Well, let me read on and we'll
• 11:20
  talk about it more in a little bit, OK?
• 11:24
  The discrepancy between the five trillion and the 20 billion.
• 11:28
  The Five Trillion of make believe Unicorn fart does silver
• 11:32
  That's traded every Year 5. And 20 billion represents a 250
• 11:37
  to one ratio, meaning that for every one ounce of physical
• 11:42
  silver, there are two. 150 ounces of paper silver, also
• 11:47
  known as electronic Unicorn fart dust.
• 11:51
  Silver all right, circulating in several financial products in
• 11:56
  other. Words only one contract or
• 11:59
  certificate issued out of every two.
• 12:04
  Could be convertible into real physical silver.
• 12:07
  That's the two. 150 to 1 leverage that's how they.
• 12:12
  Keep the price smashed down like you have been feeling.
• 12:17
  Body blow, Body blow, right? Right.
• 12:20
  Like we might as well be hitting ourselves over the last.
• 12:24
  Week in particular, if now, as the regulating agencies are.
• 12:30
  Claiming the goal is to. Create a new fixing price, new
• 12:35
  price discovery for silver that would better reflect.
• 12:38
  The physical market parenthesis notably from pressure coming
• 12:43
  from countries like China. Haven't we covered that the
• 12:47
  Chinese are screaming about the lack of supply of silver?
• 12:52
  And the unbelievable BS Silver price the.
• 12:56
  Chinese, right? The second most powerful economy
• 13:01
  in the world, right? The Indians.
• 13:03
  What they do last year. Oh, they just acquired. 330
• 13:07
  million oz. Like 3040% of the world's annual
• 13:11
  production. All right to have their say.
• 13:14
  All right. So the countries like.
• 13:15
  China are making noise and saying they want to have their
• 13:19
  say in the fixing of precious metals prices.
• 13:21
  We know. The Shanghai Gold Exchange.
• 13:24
  The Shanghai Futures Exchange. They've been around for 20 years
• 13:27
  and they're growing and growing. I haven't heard recent data, but
• 13:31
  like last. Week The difference in price
• 13:35
  between the Shanghai Futures Exchange and the Shanghai Gold
• 13:39
  Exchange and the Comex. It was like 12. 13% higher.
• 13:43
  All right, they're making noise. The leverage between paper,
• 13:46
  silver. This is the good.
• 13:48
  Part in physical silver is at risk.
• 13:51
  Of radically, radically evolving, he says.
• 13:55
  Let's hypothesize what silver price would be.
• 13:59
  Directly based on the physical silver market today, the actual
• 14:03
  size of the silver market. Is five trillion 5 trillion / 20
• 14:09
  billion, which is the size of the annual production of actual
• 14:14
  physical silver. That's that's that's.
• 14:16
  Created 1 billion oz at $20.00 an ounce.
• 14:21
  You you multiply the 250 leverage times the $20 spot
• 14:27
  price and you come to 5000 an ounce.
• 14:31
  You know, another way to to do that math is to take the five.
• 14:34
  Trillion of all the paper and divide that by divide that by
• 14:41
  the by the $20 per hour. I'm sorry, by the 20 billion?
• 14:47
  Dollar size of the market of the real market divide the five
• 14:50
  trillion make believe derivative value of silver.
• 14:54
  On an annual basis, divide that by. 20 billion and I think you
• 14:59
  come to $5000 an ounce. There's an, you know, that's
• 15:02
  like all math. There's like 6 different ways to
• 15:04
  do it so. Here's the conclusion every
• 15:07
  investor could that. Be you?
• 15:09
  Is this talking directly? We're talking directly to you.
• 15:14
  Basement dweller. Today in Ron's basement, we have
• 15:17
  an important message to share with you.
• 15:20
  Okay every investor holding silver in the form of financial
• 15:26
  products without the possibility of.
• 15:29
  Verifying the physical existence of their investment should ask
• 15:34
  the question as to what will. Happen when more holders, other
• 15:38
  people who think they have that same silver right of that said
• 15:42
  product, will ask for physical delivery.
• 15:47
  In reality, we already know what will happen, because one of the
• 15:50
  world's largest banks from the Netherlands, ABN Amro, already
• 15:55
  defaulted a little more than a year ago on its gold
• 15:58
  certificates, and they settled them in cash.
• 16:03
  So what this? Author is saying is yeah, sure
• 16:06
  there's 250 claims on every one ounce of silver.
• 16:11
  We've, I, we, we've. Used this analogy before.
• 16:13
  Let's say we decide to to go to. Go to McDonald's and we we put
• 16:18
  our order in on McDonald's app for a hamburger and we show up
• 16:22
  to pick it up and they say sorry.
• 16:24
  Guys, we didn't think you were really going to get the
• 16:27
  hamburger. We sold that same hamburger to
• 16:29
  250 other people. That's exactly.
• 16:33
  What they're doing with silver right now.
• 16:35
  So you take that $5 trillion annual paper silver market, I
• 16:42
  hit my Weber seasonings there. I don't want to knock those over
• 16:45
  and divide that, divide that by the. 20 billion actual value of
• 16:50
  physical silver that's created every year.
• 16:52
  And you come to A5, the price would have to be $5000 to
• 16:56
  satisfy. All of that demand that is
• 17:00
  absolutely. You know what?
• 17:01
  While since I knocked into the Weber seasonings, I like to
• 17:05
  refer to them as the the. Gold standard of seasonings.
• 17:10
  I love seasonings. I will only talk about things
• 17:13
  that I love and Susie can tell you I'm an expert seasoner.
• 17:17
  These are the best. I used the kickin chicken last
• 17:21
  week on some chicken wings. Cut them up.
• 17:26
  Put some olive oil on them. Put some of that seasoning.
• 17:28
  Grow them for about 1/2 hour. And they were outstanding.
• 17:32
  Check out the Weber seasonings. You can get them at Sam's Club.
• 17:35
  I know you're like me, like you want to get the best.
• 17:39
  When you buy silver and gold, you want to get the most bang
• 17:42
  for your buck. When you buy food.
• 17:44
  Buy better quality food at a place like.
• 17:47
  Sam's and get even better quality.
• 17:50
  Seasoning or a better quality experience by using these Weber
• 17:54
  seasonings? I mean, you know and I know
• 17:57
  right? You can save like you can pay
• 17:59
  like 30. Cents on the dollar, cooking at
• 18:01
  home and having a better meal. So anyway, I love the Weber
• 18:05
  seasonings. I hope you check them out and
• 18:08
  you do too. I get them at Sam's Club.
• 18:09
  I got to talk about. I got to say thank you to.
• 18:12
  Henny, Henny, Thank you for that super check, guys.
• 18:15
  We got a. Lot more to talk about.
• 18:17
  Major More things to talk about and I missed another Super Chat
• 18:22
  bear. With me.
• 18:23
  It's important to me. Hey, Jake, when it's.
• 18:26
  Cowbell time. Ring it hard.
• 18:29
  It's cowbell time, Jake. You got it, brother.
• 18:31
  I'm going to ring it super hard. Thank you for the Super.
• 18:34
  Chat when we get the 200 thumbs up.
• 18:37
  And you can keep giving thumbs up.
• 18:39
  OK guys, we rang the 200 cowbell which was brought delivered I
• 18:50
  hope that was hard enough. For you, my friend Jake by our
• 18:54
  by our fellow basement dweller, Joe F All right, Joe F.
• 18:59
  All right, let's move on, because the hits keep.
• 19:04
  I have a little drink of water. Thank you for being here.
• 19:10
  You want to learn some interesting things, some thought
• 19:13
  provoking subjects that. We have now to talk about, let's
• 19:19
  just talk yesterday the stock market did horrible.
• 19:22
  It was down like 2%. Right.
• 19:24
  I mean, it was absolutely horrible, the 10 year.
• 19:27
  Bond got the 4.8% yesterday, Can you believe that?
• 19:32
  I mean, I'm telling you if, if, if someone had told you.
• 19:36
  Five years ago, three years ago that we would.
• 19:39
  Have a 4.8% rate on the 10 year bond and we're going to talk a
• 19:43
  little more about that later because.
• 19:45
  That is a tsunami. Heading at the US economy?
• 19:49
  A big deal. Do you know what the VIX is?
• 19:52
  It's spelled. VIX kind of reminds me when I
• 19:56
  spell pin backs, but it's VVIX the.
• 19:58
  VIX it's a measure. Of volatility of fear.
• 20:03
  In the market, you can trade it. It's like not it's a it's an
• 20:07
  index and you can buy options on it.
• 20:09
  Anyway, the VIX is spiking back above 20.
• 20:13
  OK, we have surging oil. What is that going to do?
• 20:17
  It's going to wreak havoc. When it comes to inflation, if
• 20:22
  anything can hits, inflation in this country increases
• 20:26
  inflation. It's oil.
• 20:27
  Oil is everything. Oil is the lifeblood of the
• 20:30
  economy. Oils not just for your car.
• 20:33
  Everybody thinks gasoline or diesel.
• 20:36
  Or whatever. Oil is everything, guys.
• 20:39
  It's not. It's energy more than just
• 20:42
  gasoline for cars to get around. It isn't everything.
• 20:46
  Wherever you are right now, look around, I guarantee you.
• 20:49
  More than half of what you're looking at has some component of
• 20:53
  oil in it. Plastic obviously comes from
• 20:56
  oil, but all. Kinds of things come from oil.
• 20:59
  It's so when the price of oil is.
• 21:01
  Going sky high, the price of everything around you will
• 21:06
  continue to go up as well. At least we don't eat oil.
• 21:10
  But think about this. The oil price does affect food
• 21:13
  because the farmers they buy, you know, they got to buy a lot
• 21:16
  of diesel fuel. The food has to be delivered to
• 21:19
  your grocery store. So oil is a big, big, big, big
• 21:24
  deal. Then we got this great news
• 21:26
  about job. Openings, you know, things are
• 21:28
  so great I was talking. To my buddy Bobby Boo Boo Bear.
• 21:34
  Very smart young man. I don't know why I called him
• 21:36
  Bobby Boo Boo Bear, but anyway, very, very smart young man.
• 21:41
  And in his 30s. And he's a stacker and I'm
• 21:44
  related to him, so you know he's smart, right?
• 21:49
  Anyway, we were talking about. The jobs data and we get big
• 21:52
  jobs data this. Week but how BS all this jobs
• 21:56
  data is? You know everybody we were, we
• 21:59
  were just. Saying like, well, no wonder the
• 22:01
  unemployment slow, people are desperate, absolutely desperate.
• 22:05
  To make a buck just to pay for their food.
• 22:08
  Just to pay for their rent. Just to pay for their.
• 22:11
  Their gasoline for their car and a lot of these jobs that are so.
• 22:16
  You know socalled being created are those second and third jobs,
• 22:20
  because remember. Oh, my bloods boiling.
• 22:24
  You don't want to see Ron pass out during a live stream, do we?
• 22:27
  No. So I need to take a deep breath.
• 22:30
  My blood is boiling. Think about America.
• 22:33
  These is Joe Biden's economic miracle.
• 22:36
  It's called Bidenomics. I happen to like to call it
• 22:39
  Bidenom tricks, like tricks are for kids are.
• 22:43
  Tricky or not, real or magic, right?
• 22:46
  Because is it really all that great out there?
• 22:49
  Think about this. Think about the fact.
• 22:51
  That that in America now, these jobs that are being created, a
• 22:55
  lot of these are. Second and third jobs.
• 22:58
  What kind of quality of life? Look, I'm a hard worker, right?
• 23:01
  I do this. You know, you guys know and I
• 23:03
  appreciate when you recognize how much work we put in to to
• 23:07
  making Ron's basement. And it's we do it because we
• 23:10
  love it. Susie loves it.
• 23:12
  I love it. Coin Shop Chris loves it all
• 23:14
  these. Moderators that are helping and
• 23:15
  please say thank you to them. I think they love it as well.
• 23:18
  It's a big deal, but I also work another job.
• 23:21
  At night? I mean, what kind of what kind
• 23:25
  of a? Country do we live in where
• 23:27
  people have to work two jobs or some people are working three
• 23:32
  jobs, right? Just to make ends meet.
• 23:35
  That's Bidenomics. That's where all those new quote
• 23:37
  UN quote jobs are. Coming from a lot of these new
• 23:41
  jobs are people. Oh look.
• 23:43
  Oh, we can count that because Joe Smith can't afford to pay
• 23:47
  his mortgage, so now he's got to deliver food for whatever it's
• 23:51
  called. Dime Dash or DoorDash or
• 23:53
  whatever the heck. Those things are called.
• 23:55
  I don't. I don't order.
• 23:57
  Look, I'm going to tell. You something right now.
• 24:00
  Okay, we are value. Oriented people on this channel,
• 24:04
  I have no, well, okay, I respect whatever anybody does.
• 24:09
  That's great, and maybe some people have to do this.
• 24:12
  But when I go to McDonald's, OK, and I think you're this way too,
• 24:16
  I use the McDonald's app and I use a coupon and I get the most
• 24:19
  for my buck when I go in there to pick it up.
• 24:22
  You know what I see all these DoorDash dot drivers.
• 24:26
  Coming in and picking up bags people are, and I asked the guys
• 24:30
  to do a lot. Of people get McDonald's
• 24:32
  delivered, He's like, Oh yeah, I'm like, what does it cost?
• 24:34
  He's like. Oh, you know, by the time you
• 24:36
  pay. For an overpriced quote, UN
• 24:39
  quote value, meal and then delivery fee and tip, he's like
• 24:42
  it's like 20 bucks or 30 bucks. To get a meal, I'm like, that is
• 24:45
  ridiculous. I'm sorry.
• 24:47
  I went down that path. I've been warned that I need to
• 24:50
  keep on to my train of thought, but I'm telling you, I love you.
• 24:55
  OK, but if. You're spending $30.00 to get a
• 24:58
  Big Mac delivered to your house. I would much, much more.
• 25:02
  Recommend that you use that $30.00 to get yourself.
• 25:05
  An ounce of silver. What are those people?
• 25:07
  Thinking imagine that some dum dum right?
• 25:10
  I'm sorry, I shouldn't have said that.
• 25:12
  Some person getting a $30 Big Mac delivered to their house and
• 25:16
  they could buy. Heck, now they could buy an
• 25:18
  ounce and a half a silver. What the heck people I.
• 25:21
  Think that way. Do you think that way?
• 25:23
  I think that way a penny saved as a.
• 25:25
  Penny earned, you know, a dime. A nickel is a dime with the
• 25:30
  taxes taken out of it. I am preachy today.
• 25:35
  Thank you. We almost got 500 people.
• 25:37
  What the heck? All right, now where was I?
• 25:40
  Oh, oh, it's just it's screwed up.
• 25:42
  Everything's, everything's. Coming to it, it's just it gets
• 25:44
  even worse. I don't know.
• 25:46
  What do you think it means when the speaker of our House gets I?
• 25:49
  Don't know what do they call it? Demoted.
• 25:52
  McCarthy right Do we have political problems in this
• 25:54
  country we got? Political problems between the
• 25:57
  Democrats and the Republicans. And this is not a political
• 26:00
  show. I'm not giving any commentary on
• 26:02
  my thoughts on that. I'm an independent, but we also
• 26:05
  have political turmoil within the Republican.
• 26:09
  I mean, it's crazy. And then we got Joe Biden, who's
• 26:12
  our? President telling us that it's
• 26:14
  working. You know, I mean, come on, come
• 26:16
  on, man. And we got a big election.
• 26:20
  Everything. Everything is screwy right now
• 26:24
  and I'm laughing. This is.
• 26:26
  I want it. Does it make you laugh?
• 26:29
  I heard one of the financial commentators talking about one
• 26:32
  of the. Reasons why the market was was,
• 26:36
  you know, going down bigly. I want to say crash, but maybe
• 26:39
  going to crash, going down, Big said.
• 26:41
  It's a flight to safety people. Are going to get their 5% rate.
• 26:47
  On their Treasury bonds. And I'm thinking I understand,
• 26:50
  right? Would you?
• 26:51
  I mean, you know, you've. I'm sure you've heard.
• 26:53
  That right. It's a flight to safety
• 26:56
  everybody wants to go to. Treasury bonds because it's a
• 26:59
  safe thing and I'm thinking if I bought a 10 year Tre.
• 27:03
  Think of I want you to think about this if you bought.
• 27:05
  If you had 100 grand and you could buy, what would that be,
• 27:10
  5000? Yeah, 5000 ounces of silver or
• 27:16
  option #2 we're going to let. You're going to loan that money
• 27:20
  to your U.S. government 100 grand, 5000 ounces of silver or
• 27:27
  give it to your government for a 10 year bond?
• 27:30
  I mean, think 10 years out. Now you need to put on your
• 27:33
  future vision. OK, imagine me.
• 27:36
  Because I do I. Get better looking with age is
• 27:38
  what I'm told, so that's a happy thought.
• 27:44
  Certainly don't get. Smarter with age, but maybe
• 27:46
  better looking, I don't know anyway. 10 years from now, do
• 27:49
  you want to hear? Do you want?
• 27:50
  I mean, we don't even know what I mean.
• 27:52
  The way we're going in this country, nobody else talks about
• 27:56
  it. But you'll talk about it.
• 27:57
  I'll talk about it the. Debt and deficit in this
• 28:00
  country. Think about that, 100.
• 28:01
  Grand right now 5000 ounces of silver or a 10 year bond.
• 28:07
  Tell me in the comments, I want to hear what would you do to?
• 28:11
  It's a no brainer. And that's a flight to safety.
• 28:13
  Oh yeah. I love giving my hard earned
• 28:16
  paper Fiat Unicorn fart dust money back to my government so
• 28:22
  they can waste. It some more.
• 28:24
  Does that make any sense? No, I think me personally.
• 28:28
  I don't even have to put it in the comments because I can tell
• 28:30
  you and I'm but I want to hear what you said.
• 28:31
  Me personally, my my 100 grand. Is going to go into silver.
• 28:35
  You can make your own decision. Maybe you you know.
• 28:39
  You like to give it to the government so they can, you
• 28:41
  know, wastefully spend it. OK, I'm done.
• 28:43
  I'm done on that one. Let's talk about Janet Yellen.
• 28:48
  Janet Yellen. Did she say something that
• 28:50
  should make our ears perk up as silver?
• 28:53
  And gold investors, I'm going to use my bedroom voice now because
• 28:57
  we're talking about our old friend.
• 28:58
  Yellen, do you guys want me to get Janet out?
• 29:01
  So you can say hi to her. Huh.
• 29:03
  All I need is for. One person to type hi Tony is
• 29:07
  the type. Janet in the comments, then.
• 29:11
  I do need more thumbs up because that helps me feel good.
• 29:13
  It helps you feel good too. It's nice.
• 29:15
  To do something nice, Janet. Oh.
• 29:18
  Yelling Janet, did Janet say something that should make us
• 29:23
  happy and perky? Let's say hi to Janet this.
• 29:29
  Is our Janet in the box? I think she's in there.
• 29:32
  I haven't opened her up for about two weeks up there she is.
• 29:35
  Hi, Janet. Okay.
• 29:37
  So we're going to talk in our Janet voice.
• 29:40
  And she said this I have two. Quotes from Janet.
• 29:43
  Did she did she hint that we could see a drop in interest
• 29:47
  rates? Did it's like, it's like.
• 29:49
  Grandma's telling us hey everybody, don't worry.
• 29:52
  Everything's going to be okay because interest rates are going
• 29:56
  to drop soon. And you know what that means?
• 29:58
  That means everything's okay. We can print more money.
• 30:02
  Here's what Janet said, She said.
• 30:03
  Quote. People are trying to figure out
• 30:06
  exactly what's going on to keep inflation moving down.
• 30:10
  Well, really Janet, thank you. She said that Tuesday at a
• 30:14
  moderated. Discussion at the Fortune
• 30:16
  Magazine CEO Initiative conference in Washington.
• 30:21
  But this is where it gets interesting and economic
• 30:25
  resilience. That they see maybe suggest
• 30:29
  that. We're going to keep rates higher
• 30:31
  for longer. That's not good.
• 30:33
  That's what's been killing Silver.
• 30:35
  That's what's making the dollar. I won't even go down that path,
• 30:38
  the BS. Strong dollar, all right, higher
• 30:43
  for longer rates. But then Janet said this, she
• 30:47
  said. But don't.
• 30:49
  Silver and gold investor and platinum investor.
• 30:52
  Boys and girls, don't worry, don't worry.
• 30:54
  Be because we'll have to see what.
• 30:56
  Happens then she said. I think it's by no means a
• 31:02
  given, OK No means a given if she's saying that OK because
• 31:10
  remember they they are very measured and calculated with
• 31:15
  their words. They don't just talk.
• 31:18
  They're manipulating you and me and the markets, and that's a
• 31:21
  known fact. If she's saying that, by no
• 31:24
  means that it's a given that rates are going to stay higher
• 31:28
  for longer. That could be a very, very good
• 31:32
  signal for. Things to come as we head into
• 31:35
  the coming months, quarters and years together as basement
• 31:38
  dwellers here in Ron's basement, OK, but she had more to say, she
• 31:44
  also said. That it's critical to maintain
• 31:47
  a, quote UN quote sustainable fiscal policy.
• 31:51
  Let's do a quick review for those of you who may have
• 31:54
  forgotten what's the difference. Between fiscal policy and
• 31:58
  monetary policy, monetary policy is what our friend Jerome.
• 32:03
  Powell, also known as The Wizard of Oz, does.
• 32:07
  From behind his curtain at the Federal Reserve, that's monetary
• 32:10
  policy. Fiscal policy?
• 32:14
  Is that that astute? Wise financial management,
• 32:18
  fiscal policy that are elected. Politicians and Washington do,
• 32:22
  And it's OK that we rip on them, because the founding fathers of
• 32:25
  this country are. Rolling over in their graves,
• 32:28
  watching what they're doing. So nonetheless, Janet says we
• 32:32
  need to maintain sustainable fiscal policy.
• 32:35
  She said that the current level of.
• 32:37
  Debt is manageable. Oh really, Jan?
• 32:40
  And that's interesting as measured by how much.
• 32:42
  The US spends each year to finance the federal debt as a
• 32:46
  share of gross. Domestic product and adjusted
• 32:50
  for inflation Well, see she can like.
• 32:52
  Inflation when she can use it to.
• 32:54
  Somehow do magic math and say that we're on a sustainable path
• 32:57
  in this country. And thank you all 500 of you for
• 33:00
  being here. Stick with me guys, I got big.
• 33:03
  News about silver and gold stocks.
• 33:06
  Okay and a message from my mother specifically for you gold
• 33:12
  and silver investors. I want you to stick around.
• 33:16
  But she. Also indicated this is Janet
• 33:19
  that. Higher longterm rates would pose
• 33:23
  a threat. Interesting, she said earlier.
• 33:27
  She didn't think that they would keep rates higher for longer,
• 33:31
  possibly. We have to see what?
• 33:32
  Happens, and basically then at the end of that sentence, she
• 33:35
  said. It's a threat to the fiscal pot,
• 33:38
  yeah. Yeah, it's a threat.
• 33:39
  Janet. Janet, let me You don't even
• 33:41
  need a calculator for this. But maybe Janet needs to use a
• 33:44
  calculator. The government spends $1.4
• 33:46
  trillion more each. Year Janet, I keep.
• 33:50
  I keep forgetting. I think I'm interviewing Janet
• 33:52
  Yellen here in the basement, but I'm going to talk to Janet right
• 33:56
  now. Janet, you're spending 1.4
• 33:58
  trillion more each. Year than you're bringing in and
• 34:02
  you got this little problem lingering over there that would
• 34:05
  be called. The national debt, which has
• 34:07
  ballooned to $33 trillion. Janet And on top of that, all
• 34:13
  that debt needs to be. Refinanced 17 trillion of it,
• 34:16
  more than half in the next two years.
• 34:18
  Janet and and thank you Susie just screamed at me from
• 34:23
  downstairs. I have a walkie-talkie for you.
• 34:25
  Susie Let. Me turn on the walkie-talkie.
• 34:28
  Sorry guys. Roger Dodger, Thank you.
• 34:40
  I was not done preaching to Janet.
• 34:44
  We need to refinance all that debt, debt, Janet.
• 34:46
  And your interest expense is going to like more than double.
• 34:50
  Yes, Janet, you're spending more.
• 34:52
  Than a trillion dollars a year. On just interest, Janet, that
• 34:57
  would be like me. Going upstairs and telling
• 34:59
  Susie, Susie, I forgot to tell you we have a. $200,000 balance
• 35:06
  on the credit card. You know, all those nice things.
• 35:09
  I'm always getting flowers for Susie almost every day, but I
• 35:13
  had to always put it on the credit card and and now we have
• 35:17
  no more room left on the credit card.
• 35:19
  But we've got to make up, we've got interest.
• 35:21
  Payment, I mean, anyway. Did you say something?
• 35:30
  No. All right, I'm turning off the
• 35:31
  walkie-talkie. Yeah, I don't buy her flowers
• 35:35
  every day. I can pick them out of the yard.
• 35:39
  So that's what Janet. Let's let's sum up.
• 35:40
  Let's let's wrap up on that because we got other big two
• 35:43
  more big subjects to talk about. This morning.
• 35:45
  All right, Janet basically said that.
• 35:48
  Higher rates are not a given. And, she said, if rates stay.
• 35:53
  High That's a real problem for the US.
• 35:56
  Well, no joke, Janet. Thank you for informing us, but
• 35:59
  in the long run guys, what that tells us is if they're.
• 36:02
  Saying that, even hinting at that, that's what they're
• 36:06
  talking about. We're we're in for some crazy
• 36:08
  big times. Okay, let's talk about Let's
• 36:13
  talk I. Had this written down, do you?
• 36:15
  What do you think it means? Think of what?
• 36:18
  What do you think it means that we went from like crazy print
• 36:22
  fest with money right after the C 19 issue and they and all this
• 36:27
  money was created in all these years.
• 36:31
  Isn't it just a? Little weird that now
• 36:32
  everything's like just been absolutely shut off.
• 36:36
  It's to me it's weird. Maybe it has to do with?
• 36:43
  What's going on in the world? Maybe we're nearing the end, you
• 36:46
  know, Lynette Zang and I talked about that and I'm going to have
• 36:49
  Lynette back on and I'm going to talk more about Lynette Zang
• 36:52
  here in a few minutes. But, but, she said.
• 36:57
  When you get toward the end, things start to feel crazy.
• 37:00
  Are you feeling crazy? Does it feel crazy?
• 37:02
  Out there to you right now. To me, it absolutely feels
• 37:07
  crazy. Let's touch on some stocks.
• 37:09
  I've been buying stocks, OK. I've always said I'd.
• 37:12
  Be completely transparent with you guys, I always list.
• 37:16
  The stocks that I own, I do need to update that in the
• 37:19
  description of every video. I'm buying silver mining stocks,
• 37:24
  but they're more development stage stocks, meaning they
• 37:27
  aren't companies that are actually mining the silver right
• 37:30
  now. But they've got a ton of silver
• 37:33
  in the ground and the reason I'm buying them is because they are
• 37:36
  valued. And so cheap it's unbelievable.
• 37:41
  I bought a silver mountain. They have a big.
• 37:47
  Project in Bolivia. I bought Capitan Silver as well.
• 37:52
  And I'm looking at Silver Elephant and I own Summa Silver.
• 37:58
  All these are small silver companies whose stocks have been
• 38:02
  decimated. Any of you who'd bought them a
• 38:05
  year or two ago? I'm sorry because I know that a
• 38:08
  lot of them are trading it like are down like 7080.
• 38:12
  Sixty percent at minimum 60%. But here's why I like them guys.
• 38:16
  They are valued so low. That in some circumstances
• 38:20
  you're getting silver in the ground for the equivalent price
• 38:25
  of LIKE. 10/15/20 Thirty cents per oz.
• 38:29
  Do your own work. This is not a financial show.
• 38:32
  OK. But when I can buy silver in the
• 38:35
  ground, all right. For pennies on the dollar,
• 38:39
  literally right. And I know.
• 38:41
  Right. And I know.
• 38:42
  And the other thing is right, This is Bolivia.
• 38:44
  This is Mexico. This is.
• 38:47
  Where's the other one, Peru? Right.
• 38:49
  These are jurisdictions that have just been that.
• 38:51
  That's though they're viewed. That's.
• 38:53
  Viewed as being a negative, but those are Bolivia's the 6th
• 38:56
  largest silver. Producer in the world Peru I
• 38:59
  know is like probably in the top three or four.
• 39:01
  Mexico's #1. The when I can buy that metal in
• 39:06
  the ground that cheap, OK and and can it go lower?
• 39:11
  Absolutely. Do I think it's going to go
• 39:13
  lower? I don't think it's going to go
• 39:15
  lower, otherwise I wouldn't be. Buying it?
• 39:17
  Could I be wrong? Absolutely, I could be wrong.
• 39:20
  Now let's talk about gold in the ground, right?
• 39:23
  And it's just as crazy with the gold development companies.
• 39:27
  These gold development companies have been decimated the whole.
• 39:30
  Sector The valuations are crazy. You can get gold.
• 39:35
  In the ground that's been drilled, they've already drilled
• 39:38
  it, they've already discovered it, they drilled it, they put it
• 39:41
  all together. You can a lot of times like we
• 39:44
  hear whoa, whoa, what? With our sponsor First Mining
• 39:47
  Gold, they've got massive projects in Canada that have
• 39:52
  have gold. In the ground that's already
• 39:54
  been discovered, already been drilled, already been had
• 39:58
  reports put together. You know the scientific.
• 40:01
  Reports that established for them just like their two biggest
• 40:04
  projects have 5 million oz. Each in Canada, one of them's
• 40:09
  in. Quebec, which is like being
• 40:10
  recognized as being one of the best mining jurisdictions in the
• 40:14
  world, and this is gold that's being valued.
• 40:17
  At like 7-8 nine dollars per oz. Yes, it's in the ground, right?
• 40:23
  But the only thing to me better than having it in my hands is
• 40:26
  owning it in the ground. That's just the way I look at
• 40:29
  it, especially at these. Incredibly low prices because I
• 40:33
  think you know, you know, whether we're talking about
• 40:35
  silver. We you you know the story on.
• 40:37
  Silver, right. Silver demand is projected to go
• 40:41
  crazy. What does that mean?
• 40:43
  I mean, you know, they're. Talking about we could be out of
• 40:45
  silver by the year 2028 and there's no pipeline of new
• 40:50
  projects. And the same is true with the
• 40:52
  gold mine, the big gold mining companies, they haven't invested
• 40:55
  in their pipelines. They instead paid off debt.
• 40:58
  So in two or three years or a year or whenever things change.
• 41:03
  There could be a frenzy of companies just searching to buy
• 41:07
  up the smaller companies. That have the pipeline that have
• 41:12
  the, that have the, the the metals available.
• 41:15
  I think first mining gold is one of those such.
• 41:18
  Not financial advice. Just my opinion.
• 41:21
  I've owned that stock for years and years, I thought.
• 41:23
  It was a great deal a year ago, two years ago, so I especially
• 41:28
  think. Like because that whole sector
• 41:30
  has had has had challenges the value proposition now to me is
• 41:35
  almost unbelievable. So anyway those are that's my
• 41:39
  thoughts on the on the on the silver and gold smaller
• 41:43
  development stage. Let me just throw this out there
• 41:46
  as well and this is off the top of my head so you can check me
• 41:50
  on this, but the company like first mining gold their
• 41:53
  duparquet. Project, that's one of their 5
• 41:56
  million ounce projects. That one's in Quebec.
• 41:59
  The the whole market cap of first mining right now is under
• 42:02
  100 million. dollars, the previous companies that that
• 42:07
  like did all the drilling and exploration work on all.
• 42:10
  Those projects up at Duparquet. Easily spent more than that 100
• 42:15
  million on that one project alone, right?
• 42:19
  And with first mining, they've got another 5 million ounce
• 42:21
  project. Spring pool in Ontario and
• 42:24
  they've got. Four other projects that they
• 42:26
  either own. Outright or have a different
• 42:28
  level of of ownership and so anyway, just my two cents and
• 42:34
  and I wanted. To share that with you, let's
• 42:35
  talk about my mom. What did my mom?
• 42:38
  Say that. That shocked me, okay.
• 42:41
  I mean, I said plenty of things over the.
• 42:43
  That shocked her. No doubt about it.
• 42:46
  I'm sorry, mom. I love you.
• 42:48
  But she said something yesterday that.
• 42:49
  Absolutely shocked me. So we had to take my dad.
• 42:52
  To get cataract surgery. So anyway, I drove him there and
• 42:56
  we were sitting in the waiting room, you know, like like
• 42:58
  cattle, all of us. And they got TV monitors now
• 43:01
  that tell you where you're. Anyway, we're talking and and
• 43:04
  she. She goes, oh, I I watched that
• 43:08
  interview you did on your channel with that Lady.
• 43:11
  I'm like, what do you mean that Lady?
• 43:13
  And I'm thinking, what are you talking?
• 43:14
  I'm like. I said, and I said, well,
• 43:16
  there's only one lady that I've interviewed.
• 43:18
  I said, you mean Lynette Zhang? She goes yeah.
• 43:20
  She goes. I really liked her.
• 43:22
  I really liked that interview. Lynette.
• 43:23
  Lynette Zhang, I said. Yeah.
• 43:25
  She said. Do you think I should convert
• 43:26
  some of my money? And she said, Convert, I'm going
• 43:28
  to give. Her credit to silver and gold
• 43:30
  and that's. Not what she said.
• 43:31
  That I was shocked me and I would.
• 43:34
  I said I don't know mom, you know I gave her the old I don't
• 43:36
  have a crystal ball and it's what I do.
• 43:38
  And I actually showed her the pin Beck's website on my phone
• 43:41
  and showed her what a monster box was.
• 43:43
  And she was. Real interested, she goes.
• 43:45
  Well, this is what shocked me and I'm telling you.
• 43:48
  Guys, this is a big big big big. Did I miss 300 thumbs up?
• 43:56
  I did big. That's as big as getting 300
• 44:00
  thumbs up. Thanks man, we got 5. 100 people
• 44:03
  on here and 300 thumbs up, I'm going to tell.
• 44:07
  You the big deal after I ring the bell.
• 44:14
  Bell knows that's only one of five goofy things I do on this
• 44:25
  show. Then she says to me.
• 44:27
  This is this is a big deal. So pay attention, she says.
• 44:31
  Well, I heard they're selling. Gold at Costco.
• 44:37
  And I was like what I said. And that's my mom.
• 44:41
  And my mom is not into precious metals and she's not.
• 44:44
  And she's more of a CNN, MSNBC, Fox News.
• 44:47
  Thank you, Ron. McAdams for that super chat, my
• 44:50
  friend man. You guys are generous with me.
• 44:53
  This this Costco deal. I told you, my friend Mike, my
• 44:57
  friend Pete, and my now my mom. Are asking about Costco that is
• 45:04
  the and I think I think I'm and I'm this is my.
• 45:07
  Tinfoil hat. Excuse me conspiracy theorist
• 45:12
  saying this, but I think. I think that's why they smashed
• 45:15
  the price down. I do.
• 45:17
  I think that I'd possibly right that that they realize like, Oh
• 45:21
  my God. Everyday people are waking up.
• 45:25
  We got to do something about this.
• 45:26
  Possibly. OK, I'm not saying.
• 45:29
  Oh, my Lord, another super chant, $10.
• 45:33
  Jake, man. Thank you Autumn Mitchell.
• 45:36
  You're very welcome. Autumn.
• 45:38
  I'm glad you're. Here wow, is that I don't know
• 45:42
  am I am. And I'm not saying that I'm that
• 45:45
  I'm. I'm professing this to be the
• 45:48
  truth. But would it make sense?
• 45:50
  That all of a sudden there's this catalyst, this groundswell.
• 45:54
  You know, those things kind of come out of nowhere, like all of
• 45:56
  a sudden people are getting interested in every.
• 45:59
  News channels talking about it that they say man we need to
• 46:03
  smash the metals. Now we need to show Florence
• 46:07
  who's at home ordering toilet paper and cat food and and
• 46:13
  Lunchables for her kids lunch that she better not buy gold.
• 46:17
  Thank you, Craig. Thank you my friend.
• 46:20
  Wow. Because that's a bad deal,
• 46:26
  right? Sorry, I was out mowing lawn
• 46:31
  before I did this. So I've got a little cough in my
• 46:33
  throat. I don't know.
• 46:34
  What do you think? Do you think that's possible?
• 46:35
  I know, I mean, again, tin foil hat, imagine me with a tin foil
• 46:40
  hat on. But we know there has been
• 46:43
  concerted efforts in the. Past by the powers that be to
• 46:46
  manage and suppress. The precious metals prices.
• 46:51
  So if suddenly there's this groundswell, groundswell of
• 46:55
  interest and activity in the. Precious metals.
• 46:59
  Wouldn't that be a great time for them to say, Oh my God, it's
• 47:04
  getting out of control. It's time that we need to smash
• 47:12
  the price of silver and gold. They can't do it forever, right?
• 47:16
  250 to 1, leverage on the silver price, on the gold price.
• 47:21
  Are you kidding me? Right.
• 47:23
  They can't do it forever. Hey, guys.
• 47:25
  Thank you for being here. You're the best.
• 47:27
  I will be back tomorrow. Take it easy and I'll see you
• 47:31
  soon.