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📣 STRAP IN For MAJOR Silver Price JUMP!... (Gold Price Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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Silver should be $2000 per oz, and I'm gonna show you how in
0:07
this video. But first, we have something
0:10
critical to talk about when it comes to precious metals,
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something we likely all of us can easily forget about.
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Guys, it's not just the good old United States of America.
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Yeah, I know you probably live in the USA, maybe Canada, likely
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one of the Western countries. And we have a very.
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Egotistical view of the world, don't we?
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We think everything is about America.
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That's what we've been taught. That's normal, right?
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But something critical about silver and gold?
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Is it is a worldwide market and for those of us who are bright
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enough like you and me to invest in silver and gold, that's a
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great thing. That silver and gold are a
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worldwide market. Guess what?
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It always has been. It always will be.
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It's God's money. It's the planet's money.
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It's whatever you want to call it.
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And when we look at some crazy things going on right now in the
1:08
world with gold, it's very exciting to say the least.
1:12
I've got a couple new pieces of information I want to share with
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you this morning. Korea.
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We never talk about Korea, We never talk about Japan and
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what's going on over there. These are major economies,
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massive amounts of wealth. Remember, it's a.
1:29
Good thing that silver and gold are a worldwide phenomena.
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Let's go take a look at what's going on in Korea.
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This will be your first Knock your socks.
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Off moment from CNBC Gold bars are selling like hot cakes in
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Korea's convenience stores. And vending machines?
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Imagine that. If we get to go.
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To 711 here in the good old United States of America.
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Hey, honey, I'm going to run the 711, get a six pack of beer and
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a gram of gold. I'll be right home.
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All right, let's dig into this. Aside from ramen and sausages, I
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guess that's what they like there.
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South Korea's convenience stores have a new.
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Popular item on the menu? Gold bars.
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Oh my God. We've got to keep in perspective
2:19
guys, that this is a worldwide phenomena.
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And remember, I'll say it one last time, that's a good thing
2:26
for silver and gold investors. And yes, I'm going to show you
2:29
how Silver will get the two. $1000 Don't worry about that.
2:33
We're going to go on a the biggest 5 minute silver rant in
2:36
the history of the world later in this video, but back to
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Korea. A variety of fingernail sized
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gold bars weighing between .1g and almost 2G have been up for
2:49
sale at CU outlets. Since the start of April, this
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is where it's fascinating people in their 30s.
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OK, so not only is this going on in Asia, but it's with young
3:00
people. We're most active in purchasing
3:02
the gold bars accounting for over 41% of the total sales
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since their. Launch.
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Let's go down further here. OK, here.
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Priced at 113 one each, 1G bar, 1G bars were sold out within two
3:19
days. How many times do we have to
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hear this sounds like? Costco here in the United
3:25
States, doesn't it right? Gold sold out.
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China, 800,000 people lining up to buy gold.
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It's a worldwide phenomena in your part of it.
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Yes, us basement dwellers. Together we are.
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It's getting exciting. The bars come with
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congratulatory messages, birthday wishes and even designs
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for personality types. People in their 30s.
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These are young people, remember?
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Remember what they tell us, right?
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Haven't you heard that? That's what they.
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Brainwash you with in the West, right?
3:56
Gold and silver, pet rocks, whatever they called.
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You know, what a waste of your money.
4:03
Only boomers, right? Only old people buy silver and
4:07
gold. Well, maybe that's not the case.
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And I talked to a lot of the bullion dealers here in the
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United States, even the people from Goldback who are amazed at
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the number of young. People who are waking up in the
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West to the benefits of owning silver and gold.
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But in Korea, people in their 30s were most active in
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purchasing these gold bars, accounting for over 41% of the
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total sales since their launch, according to CU's commerce phone
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app Pocket CU. It kind of has a ring to it,
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doesn't it? Pocket CU, those in their 40s,
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forties, those old people make up 35% of the sales, followed by
4:45
people in their 50s like me and you, right, Ron from Ron's
4:50
basement, US almost senior citizens, 16%.
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People in their 20s accounted for 7%.
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So what's the message here? What's the big take away?
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Two things are we back? Here we go.
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Two things, right? It's a worldwide phenomena.
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It's not just in Missouri or Minnesota or Michigan or Florida
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or no guys. It's not just the United States.
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It's a worldwide phenomena growing every day.
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We're not hearing stories about how, oh, they tried to sell gold
5:25
bars at convenience stores in Korea and nobody bought them.
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They bought ramen and sausage and said no.
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We're hearing they put a vending machine in convenience stores in
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Korea and they're sold out. Look at the pictures from China,
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right. Just imagine a picture of more
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people at one place than you've ever seen in your life.
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And that's what the gold stores in in China are experiencing.
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OK. And the other key take away for
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us is it's young people welcome young people.
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We haven't talked about the number of women also coming into
5:59
silver and gold stacking. It's exploding here on the
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channel, right? Despite the fact that Susie said
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it was because of my boyish good looks.
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We have an exploding number of women that are watching the
6:12
videos because they're interested in protecting
6:15
themselves, protecting their financial future.
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Why do you think the Koreans, Why do you think the Koreans are
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buying gold to convenience stores?
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Think about it. OK.
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All right, let's go to Vietnam. Vietnam's a huge economy growing
6:30
like crazy. Dear I have news for you from
6:33
Vietnam. This is from Vietnam.
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Net dot vien. I guess dot vien is if you're in
6:38
Vietnam. So we are going all the way to
6:40
actual Vietnam world. Alright, Vietnam Register
6:43
Strongest bullion demand since 2015.
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This is not Korea anymore. We moved.
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These are different countries, right?
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Africa's not a country, it's a continent.
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All right. Vietnam and Korea are separate.
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I know you knew that, I'm just joking around.
6:57
But nonetheless, Vietnam now registers strongest bully in
7:00
demand since 2015. The World Gold Council demand
7:05
trends reports for the first quarter of this year showed that
7:08
Vietnam gold demand was strong in the quarter supporting record
7:12
high. Prices The report pointed out
7:14
that Vietnam registered the strongest bar and coin.
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Demand in the. First quarter of this year.
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Since 2015 / 14 tons, and there's a way to calculate how
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many ounces that is, I think you multiply it by 32,000.
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I'll let one of you do that. Somebody put that in the
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comments, please. Vietnam experience 12% increase.
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Local investors were attracted by gold's outstanding
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performance. Hold on a second.
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No, I don't want to get notifications.
7:46
By Attracted by Gold's outstanding performance during
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the quarter, particularly in the face of rising energy prices,
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which were expected to fuel inflation.
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It's going, what does it mean to you?
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Think about this. Think about this.
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I know the United States, right? We're the only thing that
8:03
matters in the world. That's egotistical.
8:05
We're probably the most narcissistic country on the face
8:08
of the earth. Not you and me.
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But you know, the sheeple. They don't realize the world is
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a huge place. The world.
8:15
Right. The world is buying silver and
8:19
gold at a pace like never, ever, ever, ever before.
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All right. However, demand for gold jewelry
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was down anyway. That was not enough of Vietnam.
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So we've got Korea. What does that tell us?
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We've got Vietnam. What does that tell us?
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Right, young people. Record amounts of gold.
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Silver being purchased. Well, they didn't say anything
8:41
about silver so I I take that back.
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Gold. But you know silver.
8:45
Hi ho silver. Remember this?
8:47
Guy's gold is the godfather of the precious metals, right?
8:52
Gold is like the the Al Capone of precious metals.
8:58
Gold is the king. Silver is the Prince, right?
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And the Prince will be rising up.
9:05
We could have a slingshot move And silver.
9:07
Don't forget, later on we're going to talk about two. $1000
9:10
an ounce silver. It's not just a clickbait title
9:13
to get you to watch the video. It's real and it can happen.
9:17
We could have $20,000 silver. You can say whatever you want.
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OK, I can say whatever. I want it's a free country.
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I like to use mathematics. Mathematics shows no forgiveness
9:28
on the altar of truth. And the deal with silver is
9:33
exciting, but we're not done yet.
9:34
Let's just just for kicks and grins because it is a worldwide,
9:39
A worldwide phenomena. We're going all the way to Ghana
9:45
to ghanaweb.com. Ghana Africa.
9:48
Top ten Countries with the Highest Gold Reserves.
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These are the new numbers. The World Gold Council has
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released a comprehensive list of countries with the highest gold
9:58
reserves as of the first quarter of 2024.
10:03
Who do you think, huh? Who do you think is the top #1
10:06
holder of gold? Let's just go right down here.
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For a key commodity like gold, many countries hold on to it.
10:12
For for various reasons, for instance, gold reserves as a
10:17
stable commodity with value, it also serves as a confidence
10:21
booster. Do you find gold and silver when
10:24
you hold? It to be a confidence booster.
10:26
I hope you have high self-confidence if you want to.
10:29
Boost it a little more. Get yourself a little booster
10:32
pack of silver and gold. I'm not selling anything to.
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You. I'm just telling you.
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It does help boost your confidence.
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Where was I confidence booster for a country's economy during
10:44
headwinds and economic uncertainty?
10:46
And for individuals, if you want to be your own central.
10:50
Bank. Oh, who was I?
10:52
I was talking to yesterday. Oh, I was talking with the
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Bryant Slussarcek, the CEO of Pacific Gold Corp, He said.
11:04
Right, like hey. What are the central banks
11:07
doing, Ron? We were talking about the gold
11:08
price and of course, by default the silver price.
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Like he said, don't, don't listen to what the central banks
11:14
say. Listen to what they're doing,
11:16
like Oh yeah, that's right, I haven't talked about.
11:18
That for a while, actions speak louder than words.
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Did your mom and dad think back when you were a little kid?
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Wasn't that one of the first things you learned?
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Actions speak louder than words. What are, I'll ask you, the
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actions of the world central banks.
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Think about that for a second, right?
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They're buying gold hand over fist.
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Let's look at these rankings. Oh, the United States.
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We always got to be #1 in everything.
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We won more gold medals at the Olympics.
11:45
Why about we and whatever. OK, and the world is not very
11:48
fond of us, but nonetheless, we do supposedly have the world's
11:51
most gold at almost 8000 or over 8000 metric tons.
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Germany, Italy, France, Russia. China.
12:00
Switzerland. Japan.
12:02
India, Netherlands. What's interesting about this
12:05
list? Two things.
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Number 12, big key takeaways. The Western countries, the G7
12:11
countries, generally aren't adding to their gold reserves,
12:14
but all the other countries are. The BRICS countries, Brazil,
12:17
Russia, India, China, South Africa, Iran, Saudi Arabia,
12:21
Egypt, Ethiopia, and the United Arab Emirates.
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Yes, I can say the 10 BRICS countries faster than anyone on
12:27
the Internet. Nonetheless, they're all.
12:28
Adding. That's the big key key key take
12:32
away. Adding to their gold reserves,
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something else very interesting this is.
12:36
This is something that that nobody talks about 'cause it's a
12:40
little complicated, but I'll try to make it real simple for you.
12:44
When you look at the European nations on that list, it's a
12:48
very, very interesting that when you compare the proportion of
12:53
like the amount of gold that Germany has to the amount that
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Italy has to the amount that France has to the amount that
13:01
Switzerland has. When you compare those relative
13:04
to each other, it's very reflective of the size of their
13:08
economies. And some people, I'm not saying
13:11
I think this is gonna be the case, thinks that that could be
13:13
in preparation for some type of backing.
13:16
Of the currency with cold. OK, but we'll see what happens
13:20
on that one. All right, let's move on.
13:23
Here we are. Where were we?
13:24
What's next on the? List oh final worldwide major
13:30
event going on in the gold and silver arena.
13:33
The big news we got three weeks and two days ago from.
13:36
Zimbabwe, Zimbabwe went back on the gold standard.
13:40
Oh, did but, but I'm sure you saw it all the Western media
13:44
coverage was like, oh. A crazy idea.
13:46
What are they? Thinking right, and Zimbabwe
13:49
basically said that they're going to start.
13:52
Right, backing their currency with gold and that they're going
13:55
to start reporting inflation numbers in this new gold backed
13:59
currency and they were actually concerned about not inflation,
14:03
but. Deflation.
14:04
And trust me, you probably know Zimbabwe has a little experience
14:08
with inflation, Hyperinflation, right?
14:12
Because you know what? Zimbabwe, I want you to think
14:15
about this. Zimbabwe could not escape the
14:21
rules of mathematics. What do you think about the
14:25
United States? Can the United States escape the
14:28
rules of mathematics? Are we are we exempt from the
14:32
fact? That. 3 + 3 = 6 because God
14:36
can't even change the fact that 3 + 3 = 6.
14:39
Well, maybe God could, but anyway, nobody, and you know
14:42
what I'm saying, right? Right.
14:43
Are we exempt? Are we gonna see hyperinflation?
14:48
And then Joe Biden can say hyperinflation, it's working.
14:54
He said that about Bidenomics once He said Bidenomics.
14:58
It's working nonetheless. Zimbabwe, where was I?
15:02
Ah, you guys, I appreciate you being here.
15:04
It's a we have problem. There we go.
15:08
It's a big deal when you join me in the basement.
15:11
I need to look you in the eye when I say this.
15:13
Seriously, thank you for being here.
15:15
If you want to call yourself a basement dweller, that's great.
15:17
I'm a basement dweller. None of us are any better or
15:20
worse than anybody else. We love to talk about silver and
15:23
gold. Thank you.
15:24
Right from myself, from. Susie.
15:25
From everyone for being here, Please give this a thumbs up.
15:29
You can always subscribe. It's free.
15:30
I put on a new piece of content every day as long as I can,
15:35
right? As long as you guys keep showing
15:37
up, I'll keep doing my best. Thank you for being here in
15:40
super chats or I super appreciate it.
15:42
Let's get back to Zimbabwe. I just thought this was
15:45
interesting every chance. They Ron McAdams for super.
15:51
Chat Oh, thank you Ron McAdams again, Man, you're very
15:55
generous. Thank you for the Super.
15:57
OK, I got 100. Thank you, Susie.
16:00
I think this. Is interesting.
16:01
Zimbabwe puts out that there's a gold bag currency, the Main
16:06
Street. They will jump.
16:07
The Western media will jump. They hate.
16:10
I got news for you, right? The big economic leaders, the
16:13
big central bank leaders in the West hate gold and silver.
16:19
All right, but they're losing the battle, right?
16:24
But they'll take any chance they can to fire a salvo at our
16:28
friends in the gold and silver community.
16:31
And here's Bloomberg's headline. Zimbabwe's Zig weakens to Lowest
16:35
level since Launch. The Zig records its largest
16:39
decline since trading began on April 8th.
16:41
So that was a month ago. The South South Africa's the
16:45
nation's largest trading partner.
16:47
Just be prepared, right? You know, I know they will take
16:51
any chance they can to bash gold and silver.
16:55
We've got the the proof right that they set up the commodity,
16:59
the Comex, the COMEX in the United States of America, the
17:03
LBMA, the London Bullion Market Association in London, England,
17:07
right hold. On a second.
17:09
Here we all love to see Ron every morning.
17:11
His smiling face. There he is, right.
17:14
They set it up so they could manipulate.
17:16
We've got the memo that was declassified, right?
17:19
They set it up to induce volatility.
17:22
They're gonna, they're gonna, they're gonna make the price
17:24
crazy. So people are like, I'm not
17:26
buying. Gold and silver.
17:27
Well, guess what the Koreans like we talked about?
17:30
Basement dwellers, are waking up.
17:32
The Vietnamese are waking up. The Chinese Wakey wakey, Huh.
17:37
Russians woke up. Everybody break Brazilians.
17:42
It's a worldwide phenomena. Yeah, we love it, don't we?
17:48
Thank you again, Ron McAdams. Hold on here.
17:50
What did I do wrong? Here we go for the Super chat.
17:55
All right, two. $1000 silver First, we haven't done this for
17:58
a while. We already got 100 thumbs up on
18:00
this Snap live stream. Wow, it is 500 people.
18:03
You guys blow me away. I guess we're having fun, right?
18:07
123456789 Ten rings of the American Silver Eagle with the
18:20
what's it called? Sound money.
18:21
The Pocket Pinger. That's how you and there's an
18:24
app you can check. That noise that that American
18:26
Silver Eagle made is unique and can be recognized by an app to
18:31
help prove the authenticity of coins.
18:34
The Pocket Pinger. I'd use it the ring for 10 times
18:36
for 100 thumbs up, but it's actually a really cool tool that
18:40
you might want to check out. Let's talk about the gold and
18:45
silver prize. I don't think we're, I think
18:47
we're down, but we're going to go look, we're big boys and
18:51
girls. It doesn't always go straight.
18:52
Up all right. Hold on a second here.
18:55
This, this is something we need to remember, OK?
19:08
This, my friends, is what a bear market looks like.
19:11
See the bear market, huh? You see it?
19:14
That's what we were in. We're not in that now, but
19:17
that's. What we were.
19:18
In over, let's say the last two to three years are a bear phase
19:22
in the market where the price would go up but then go down
19:24
lower, price will go up, then go down lower.
19:26
If you're invested in the precious metal mining stocks,
19:29
you. Really know how that?
19:30
Works. This is what I believe we are
19:33
in. Now and we're going to go over
19:35
in a little bit. Why all the top people are
19:38
saying we're in this a bull market for metals.
19:41
You. It's real.
19:43
I know. I understand.
19:44
You might you might be like me have a hard time sometimes.
19:48
Really believe in it, right? It's like we were like abused
19:51
puppies or something. And I hate any type of animal
19:54
abuse. Probably a bad thing for me to
19:55
say, so I take that back. But none the less we were beaten
19:58
and beaten. Now we're in a bull market
20:01
where, yeah, the price goes up, then it pulls.
20:04
Back a little bit, but then it goes up the new all time more
20:07
all time highs. Then it pulls.
20:09
Back a little bit. And then it goes up.
20:11
It never goes up in a straight, straight line.
20:15
Let's go and check out the current price.
20:18
I don't think this is accurate. Oh my gosh.
20:24
The magic of pin backs. Right, we go to their.
20:27
Website and the price of gold is up and silver up $0.20 per oz.
20:31
Oh wow. What a great opportunity for me
20:35
to say thank you to our friends at Pendex for sponsoring this
20:38
channel. They make this video live stream
20:42
possible. Hey, look, if you're in the
20:44
market to get some gold, silver, platinum group metals, go check
20:48
out Pendex, OK? What you'll find is ultra
20:52
competitive pricing. A great selection, right?
20:57
Wonderful shipping experience. I'm telling you, these boxes
21:00
come in, they're wrapped up like Fort Knox.
21:02
They're really fun to unpack, and then what's inside of them
21:05
is even more fun to hold and handle.
21:08
But a company you can trust as well.
21:10
If you're ever considering converting all or part of an IRA
21:14
into precious metals, do yourself a big, big, big, big
21:18
favor. At least talk to the guys at
21:21
Pembek. See what they can.
21:22
Do to you do to for. You do for you compared to what
21:27
the other IRA conversion companies can do.
21:30
And I think you'll find you'll get a lot more metal, right,
21:32
Which is what you're after. More metal for your money with
21:36
Pendex, whether you're converting an IRA or buying
21:39
bullion online. Thank you, Pendex.
21:41
And thank you for that quote, right.
21:44
We don't hold Pendex personally responsible, but hey, when the
21:48
price of silver and gold are up, we'll take it.
21:50
What a deal. All right, guys, let's talk
21:52
about $2000. Silver and I put together a
21:56
report for you. We're going to This is the
21:59
biggest silver news rant in the history of the Internet, and I
22:05
probably forgot something, so send me an e-mail if I forgot
22:08
something here. But.
22:10
Let's go check this. Out right now.
22:13
OK, $2000 silver. What?
22:15
Is Ron crazy again? You know, did he add an extra 0?
22:19
Did he add 2 extra zeros? Let's find out.
22:21
Let's be real about silver. You've been beaten down so much
22:25
that it's hard for you to realize where we really should
22:29
be, right? Now with the silver price, OK,
22:33
silver, we talked about that, right?
22:35
We're used to a bear market getting beat down the rug,
22:38
getting pulled right that. But guys, we should be way
22:41
higher. Right now for instance, silver
22:43
is the only asset not not to exceed its 1980 high of $50, no
22:49
is not exceeded its 1980 high of $50.
22:52
We're still far away, right $27.00 silver in today's dollars
22:57
adjusted for inflation that would be $160 plus.
23:03
I hear, you know whatever people say 150, some people say 180,
23:08
we'll say 160. This is where.
23:10
It gets crazy. Interesting.
23:12
And where we're going to talk about $2000 silver, remember,
23:17
let's talk about 2008 first. In 2008, the S&P 500 hit 666.
23:23
Do you remember that? Do you remember where you were
23:25
during the great financial crisis?
23:27
Right. OK.
23:28
And now today the S&P 500 is what, over 5000?
23:33
I didn't check it this morning, but nonetheless it's super high.
23:36
Silver has barely kept up. Maybe.
23:39
Up 50. Percent from where it was during
23:42
the great Financial crisis in 2008 versus 700% for the S&P
23:47
500. But that's not the crazy part.
23:49
The crazy part is, is if you look at silver in 1980, Mike
23:53
Maloney the other day said it hit an intraday high of $52.50
23:58
per oz in 1980. At that same time in 1980, the
24:02
Dow Jones was at 1000, OK? Today the Dow Jones is at 38,038
24:10
times higher. The Dow Jones has gone up 38 *
24:14
3800 percent 38,000. I forget, I don't know, whatever
24:19
went up 38 times since 1980. If if silver had gone up that
24:27
same amount, 38 if you multiply 38 * 5250.
24:31
Oh, I lied. You come to 1995 dollars.
24:36
Silver, Silver. This is the big key take away
24:40
here. And this is something that I
24:42
think nobody's talking about and that we need to talk about.
24:46
We look at these and silver comparison numbers, whether from
24:49
2819, eighty, whatever. OK.
24:52
But what nobody talks about when it comes to gold or silver more
24:57
specifically is that silver has not kept up.
25:00
The reason why? The stock market since the Great
25:03
Financial Crisis has gone up 7 times since 1980.
25:08
The stock market's gone up 38 times.
25:11
There's. One reason?
25:12
Money printing credit expansion. Unicorn fart.
25:16
Dust, whatever you want to call it, right?
25:18
Credit expansion and silver has not yet accounted for that.
25:25
And when it does, we could see massive moves.
25:28
Yes, I know, $2000 is preposterous.
25:32
Heck, we could see $20,000 silver, right?
25:35
If the dollar really goes in the toilet.
25:37
Now, I'm not predicting that'll happen this week, this month,
25:41
This year. Maybe not even in a decade.
25:44
Who knows, right? But we do know one thing.
25:47
The real value of the dollar is going down, down, down.
25:50
And that will eventually be accounted for in the value of
25:55
silver. Real estate, bonds, the stock
25:59
market, everything went up. Multiples in.
26:02
Value over those time periods, not Silver and Silver's
26:06
fundamentals are better than any of those asset classes.
26:11
It's the most undervalued asset in the history of the world.
26:15
The history of the planet. Remember Exeter's Pyramid?
26:19
Guys. Oh, I can't.
26:20
I'm sorry. I gotta wait.
26:21
Wait. It's been a couple days.
26:23
Hold on here. Hold on.
26:30
There it is. Remember, right, all this gold
26:35
and silver on the bottom what you're looking at Real money.
26:38
Finite, limited in supply. Everything above it.
26:41
Is synthetic make believe Unicorn fart dust When that
26:45
money starts to fall down when that money.
26:48
Just a little bit of it. Look how much.
26:50
I mean, it's it's unbelievable how much bigger all that
26:54
synthetic crap. Excuse my language, that's my
26:57
one naughty word of the day is, do you realize?
27:01
That how much bigger? All the synthetic crap.
27:06
I guess I can use that again as much as I want today.
27:08
Anyway, how much bigger that is? And and just a tiny fraction of
27:13
it starts to flow into silver and gold.
27:16
And are we seeing that now in Korea, Vietnam, China, Russia,
27:20
everywhere in the world except the United States?
27:23
That's where it gets so crazy, super exciting to be a precious
27:29
metals investor. I mean we are talking the
27:33
possibility, the opportunity, the likelihood that we could see
27:38
prices in silver and gold that we only dream of right now,
27:42
right. And that's when you become very
27:44
popular. With your neighbors.
27:47
Not that you weren't already, right?
27:49
I saw a few of my neighbors this morning walking by.
27:52
We've got bad. And if this is my last live
27:55
stream ever, it's been awesome knowing you guys because
27:58
apparently the media is building everyone up here in Saint Louis
28:02
that we've got like doom weather heading our way.
28:04
So we will be very safe, but none the less if, you know, I
28:08
lose power, which I hope we don't for a month or whatever.
28:11
But my neighbors are all walking by saying I'm walking my dog
28:14
now, Ron, because, you know, the weather's coming, the bad
28:17
weather. I mean, the media.
28:19
What can we type The media can. This just has people in a frenzy
28:22
around her. Even Susie's going to her mom's
28:24
for a little bit. And I'm like, make sure you
28:26
watch out for the weather, You know, where was I?
28:30
Let's get back to this. Hold on here guys.
28:35
Hold on. Here we go back to why Silver's
28:37
going to $2000 per oz. The Oh, no.
28:44
It's it's unbelievable. OK, this.
28:47
OK, more silver 2020. Did you know this This was from
28:51
the Silver Hermit, our good friend that if silver was only
28:55
traded during the day, the daytime session on the Comex,
28:59
the the the regular business hours.
29:02
That we would have $0.20 over. What is that telling us?
29:05
That they manipulate the price at night time, when you're
29:08
sleepy, sleep, right? Right When you're dreaming away
29:11
with your stuff, bear in your arms.
29:14
The overnight they will manipulate the price of silver
29:17
down. But this is critical.
29:20
This is happy news for you as a Silver investor.
29:23
Those manipulators, right? It's been The path of least
29:26
resistance for them has been to the downside for the last number
29:30
of decades. They've kind of been programmed
29:32
right. Push down silver, tamp down
29:34
silver when it starts to go up, up, up, up, up, up, up, up, up,
29:39
up. They'll be just as happy to
29:41
manipulate it. To the outside.
29:43
It's a tiny market, right? 26 billion, 28 billion worth of
29:47
silver is provided to the market everyday.
29:50
Home Depot is multiple times bigger.
29:53
Heck, I think Burger King, whoever owns them is bigger.
29:57
But you know, McDonald's is bigger.
29:58
It's a tiny market, so it doesn't take like that extra
30:01
pyramid, just a little bit of money coming in for it to move
30:05
this. Now this is psychological.
30:07
So if you don't want to be psychological then then I don't
30:11
know, watch Roadrunner cartoons for a second.
30:13
Is our good friend coin Shop Chris.
30:14
She used to say the big turn. This is a big deal.
30:18
Silver and gold have been creating a lot of frustration
30:23
over the last three years. Created a lot of bearishness, a
30:27
lot of negativity. People.
30:29
Feel like they're never going to make money in silver, gold or
30:32
the mining stocks again week after week and month after month
30:37
of whipsaw type action. Lucy pulling the football on
30:40
Charlie Brown, right? Like we said.
30:43
We looked at the bear market. It goes down, then it starts to
30:46
go back up. You get optimistic and then Lucy
30:48
pulls the football. OK, that builds fuel.
30:53
That bearish sentiment is the fuel.
30:56
Everybody got out. It developed a strong base, 200
31:01
likes. Thank you.
31:03
Susie's on the on the walkie-talkie there.
31:05
But that created that base that allowed us to break out in the
31:08
metals and the minors. I spelled minors wrong.
31:11
I got to turn the walkie off 'cause my batteries are dead.
31:13
So I love you, Susie. Bye Bye.
31:15
Gold above. Please just yell at me if you
31:17
need something. Susie, be the first time ever
31:21
that Susie yelled at me. OK?
31:25
Now we're back, OK? It built a base.
31:27
OK. And we got above 2100.
31:30
That brings us to 5000 or $10,000 gold.
31:35
What do you think that does for silver?
31:37
Let's look at the energy in the charts.
31:39
This is this is what's key. For you to understand confluence
31:44
of positive I have a malfunctioning Hold on a second
31:46
here guys. When all else fails, take the
31:50
batteries out of the walkie-talkie.
31:51
Confluence of positive factors in the charts.
31:55
Gold. Remember gold, This is key for
31:57
you and me to remember is the Godfather.
32:00
Gold had a triple top. Bam, it broke out.
32:03
Check that one off. Gold had a cup and handle.
32:07
It has broken. Out guys, that is the most
32:10
reliable, the most predictable, the most powerful, one of the
32:14
most followed charts in the history of the universe.
32:20
OK, I'm sorry. It it it's it's the reality of
32:24
the. Situation.
32:25
Hold on here. Here we go.
32:32
That's gold and gold broke out of the cup and handles.
32:37
You can see in 2011, gold hit 2000.
32:40
As you can see in the year 2020, gold hit 2000.
32:44
As you can see now, gold broke. Out above $2000 per oz and it's
32:50
off. Now we can get a pullback.
32:52
You have to realize these things don't just go straight up,
32:57
straight, straight, straight up. We could get a pullback.
33:00
We can get a pullback to 2100. I will tell you that right now
33:05
if we get a pull back below 2000, I'll stop being so
33:08
bullish. But if we stay above 2100, which
33:11
I believe we will in gold, right and that is setting the stage
33:15
for silver, don't don't worry, you know we're going to get back
33:18
to silver. All right, but.
33:20
This is probably the biggest news story of the year for gold
33:24
and silver and we should be having a cup and handle party.
33:27
Maybe we need to get mugs made for the Celebrate the cup and
33:31
handle with Where's a Cup here, right?
33:35
Oh, hold on. I need to put you guys on the
33:36
full screen. Maybe we need to get mugs.
33:40
Made. There's my daughter's when they
33:42
were little anyway, with the cup, but the cup has an arrow on
33:46
the handle that keeps shooting up and write the word 2024 on
33:53
the side of it. Anyway, let's get back here.
33:56
Hold on. All right.
33:58
OK. What about Silver?
33:59
Oh, boy, oh boy, oh boy. Have you heard about Silver's
34:03
confluence of positive chart factors?
34:06
Because they are present there as well.
34:11
We had the. Wedge which it definitely has
34:14
broken out of Silver hanging tight right this two to
34:17
three-year period where silver was trading seemed like between
34:21
20 and 24 dollars. It was frustrating.
34:24
It was hard. Maybe you were.
34:26
Maybe you were starting to wonder, was I smart to have put
34:29
my money into Silver? Well, guess what, boys and
34:31
girls. Buckle up, Buttercup, because
34:34
Silver broke out of that wedge pattern and his and has pretty
34:38
much now for a number of weeks confirmed that move.
34:42
So that's a good thing. But we also have.
34:45
A massive cup and handle in the silver market.
34:49
OK. What goes back to, I think,
34:51
1980? It's even longer. 1980 to 2011,
34:57
right? When gold.
34:58
I'm sorry, when silver hit $50 and BI don't think I have a
35:01
silver cup and handle. Hold on here, Let me check real
35:04
quick. Gold.
35:07
Gold. Now wait a second.
35:15
OK, here we go. Here there's your silver cup and
35:19
handle right 198050 dollars 2011, 50 dollars 2023. 2024,
35:29
what do you think's gonna happen, guys, when Silver gets
35:32
above 50? That's I heard Tommy Costa say
35:34
we're gonna shoot right up to 100, right?
35:39
These are these are very smart people saying this.
35:42
These aren't like just crack balls trying to sell you silver
35:45
or gold, right? These are top, respected top
35:48
analysts I've heard. Gregory Mannarino, Gareth
35:52
Soloway? Jamie Carrasco.
35:57
I can't even come up with all the names.
35:59
Silver is the most undervalued asset in the history of the
36:02
world. Remember, in 1980 it hit 52?
36:04
50 and the Dow was at 1000, the Dow's gone up 38 times.
36:11
Silver's half of what it was. I mean, you could almost say
36:14
Silver needs to go up 76 *. I digress.
36:20
Let's get back. I said 5 minutes.
36:22
I lied. It's.
36:23
It's too much. Do you get that way when you
36:25
start thinking and talking about Silver?
36:27
And I'm not even covering it all.
36:29
Send me an e-mail if there's more good things about Silver.
36:32
What did I miss right? I'm not a a ton.
36:35
Of energy stored up in silver. Remember, it is not kept up with
36:40
credit expansion gold average price last quarter compared to
36:44
now. Think about this guys.
36:47
Fortuna Silver Mines just in their channel sponsor.
36:50
Thank you, Fortuna. This is crazy to think about.
36:56
OK, Susie just spoke to me from down the steps that I need to
37:02
ring the cowbell and don't you worry, we'll ring it for you,
37:05
right. And do an extra ring for our
37:07
friend Jake now Fortuna. Where are they?
37:10
There they are. Fortuna Silver Mines announced
37:13
earnings last night. Great report, $0.09 per share.
37:17
The market expected $0.05 per share.
37:19
None the less. One thing that I found very
37:21
interesting buried in their report was that during the first
37:24
quarter, January, February, March, they sold gold for an
37:28
average price of $2087.00 per oz.
37:32
I went and looked like at a chart of April, at a chart of
37:46
April and so far into May. I mean, we're already on May 8th
37:50
and gold is significantly higher.
37:52
We are getting big moves. But if you want to learn more
37:55
about Fortuna in the US, their stock symbol is FSM.
37:59
You can learn more about them at fortunasilver.com.
38:05
And thank you Fortuna for sponsoring the basement, right?
38:07
Send them an e-mail. Tell them you appreciate them
38:09
sponsoring the basement. Unbelievable silver gold to
38:13
silver ratio. We won't go in 80 to one.
38:15
You know you can take one ounce of gold to your local coin shop
38:19
and walk out with four tubes of American Silver Eagles Does
38:23
that. Make sense to you?
38:25
That doesn't make sense to me. People say, Ron, why don't you
38:27
own any gold? Well, because I don't know.
38:30
I'm a tightwad. I'm a value shopper.
38:33
I'm a person who likes to apply common sense And just for me,
38:39
look, I'm not. I just for me, I'm always when I
38:43
think about buying gold versus silver, I'm like I'll take the
38:47
silver. Right.
38:48
I do own a significant amount of gold mining company, so I have a
38:52
vested interest in gold. This is silver's mind.
38:58
Out of the earth at 7 to 1 seven oz for every one ounce of gold
39:02
that comes out of the ground, only 7 ounces of silver.
39:05
Yet it takes more than 10 times that amount of silver to get
39:09
that one ounce of gold and silver is consumed.
39:12
But historically, the ratio, the gold to silver ratio.
39:15
Has been closer to 4050 sixty ish in recent times and about.
39:21
16 to one or lower. For thousands and thousands of
39:25
years, silver is monetary and it's consumed, right?
39:31
There's what, 500 ounces of silver in the top of a Tomahawk
39:34
missile? I mean, it gets it's in
39:36
electronics that never get recycled.
39:39
It's finite and decreasing. New silver Hard to find.
39:43
All the easy silver's gone boys and girls.
39:46
It's all gone OK. It's very hard talk to any talk
39:50
to Keith Newmayer from First Majestic Silver, talk to Jorge
39:53
Ginoza from Fortuna Silver Mines, talk to Sean Kun Kun from
39:58
Doubt. They will all tell you how
40:00
difficult it is to find new silver deposits, how rare they
40:05
are and when you do find them, how valuable they are, how much
40:09
more valuable, I mean what do you think, right?
40:11
I mean you got something that demand is going through the roof
40:14
and the supply. I got news, Silver.
40:18
I got news for you. OK, look, I know I sometimes
40:24
forget, too. Silver doesn't come from
40:27
unicorns. Sorry.
40:29
Silver doesn't come from Santa Claus, right?
40:32
Silver comes from mining companies and mining companies.
40:36
All will tell. You how hard it is to find more
40:40
silver? Silver can't be printed.
40:42
Silver can't be created in the laboratory.
40:47
Doesn't laboratory sound more fun to say?
40:50
The laboratory. You know what I'm saying?
40:52
Those silver guys is hard to find.
40:55
Baby, this stuff. Gosh, we love it here.
41:00
Look at this. Wow, an 1878.
41:04
I can't believe you can buy these things.
41:06
They just it it fascinates me. This is an 1878 Morgan.
41:11
This is real money. This is real this.
41:13
Stuff, right? Right.
41:15
That's in there. Silver, very, very, very
41:19
difficult to find. Hold on.
41:21
OK, gold, gold. Gold manipulation?
41:28
Are you one of those people that think that the price of silver
41:32
has maybe been manipulated over the last several decades?
41:36
Right. I won't pull it up, but we got
41:38
the memo. Like we talked about earlier.
41:40
That it's been done on purpose to dissuade your fellow sleeping
41:46
Americans. You're not sleeping.
41:48
You're awake. You know you're your own central
41:50
bank. Congratulations.
41:52
You have taken control of your financial life.
41:56
Probably more so than 99.5% of your fellow Americans who are
42:02
asleep, right? But I'll just put my money in
42:04
the bank. And I'm nothing against.
42:05
Banks. I've got money at the bank.
42:07
I have to pay bills with it. But we're coming into this
42:10
period now, right? We're coming into this period
42:13
now where we may have electronic banking options that will be
42:17
tied to gold and silver. That's super exciting.
42:20
But this manipulations called has caused artificial low
42:24
prices. How do we know that?
42:25
What's some proof? Huh.
42:27
You want some proof? The Shanghai Gold Exchange.
42:30
We look at it almost every day. The Shanghai Futures Exchange.
42:35
This is a key for you and me to remember.
42:38
Those markets, Two things. China number one is taking over
42:43
the metals markets. Everybody says it.
42:46
Everybody knows it. The children's news network, CNN
42:49
is not going to tell you that. OK?
42:51
Fox News is probably not going to tell you that.
42:54
MSNBS is not going to tell you that, OK.
42:58
Your local news, nobody's going to tell you that except for
43:01
people like me, Bix Weir, the Andy Schechtman, people that
43:06
that dig into this and we learned this from our friend on
43:09
Twitter. X whatever the oriental ghost it
43:13
the the price of gold and silver in China are much higher in
43:19
dollar terms and they are in the United States.
43:21
But what's key is to know that those markets in China, there's
43:25
a big, big difference between the Shanghai Gold exchange.
43:30
And the comex in the LBM. I I can use my accents for all
43:34
the COMEX in the United States of America.
43:37
There's a big difference. The Shanghai Gold Exchange is
43:41
actually it's a bizarre this is going to blow you away.
43:44
You never would think this is possible.
43:46
But the Shanghai Gold Exchange is based on real, physical
43:50
metal, right? It's like the inverse of what we
43:53
have at the COMEX in the LBMA where it's all Unicorn fart,
43:57
dust paper, right? Leverage silver 400 to 120 to 1,
44:01
whatever the number is, right. It's something huge to one.
44:04
It'd be like if you ordered a Big Mac online from McDonald's,
44:08
showed up to get it at the drive through and they're like, sorry,
44:13
we sold 400 Big Macs for each one, real one that we have here,
44:18
but we'll give you your money back, man.
44:23
That was good analogy, I thought where was I?
44:26
OK. Gold and silver.
44:28
Oh, yeah. Oh yeah.
44:28
It, man, it just gets better and better.
44:31
Guys, have you noticed this gold and silver investor sentiment in
44:36
the West is in the? Trash.
44:38
Can that will change? And you, Yes.
44:41
You want to be ahead of the curve if you believe that it
44:45
will change. Because guys, yes, I know, I
44:49
know. Like, like we're the United
44:50
States. We're the only country that
44:52
matters. You know, like some people say,
44:54
we still are the wealthiest, biggest economy in the world.
44:57
And when just a few. More Americans join in.
45:00
You know it will mean multiples more money in an already
45:05
stressed out precious metals market.
45:07
It's already stressed out. Guys, we already have all time
45:10
highs in gold. We already have a strong silver
45:15
market right now think about when more of the Costco people
45:19
show up, the people that buy it at Costco and they're going to
45:22
learn, right? Like, oh, maybe I'm better off
45:25
buying from a specialist. Maybe somebody like Pimbex.
45:28
Anyway, I digress. Can this happen in America?
45:32
China. We're back to our friends in
45:35
China, China. We got to talk about China more
45:37
because China's taking control of the gold and silver market.
45:39
800,000 people jam Pack them all to buy gold.
45:42
In China, gold premiums and silver premiums are much higher.
45:46
That's because of demand premiums.
45:48
Right now you can buy gold, you can buy silver in the United
45:52
States of America at very low premiums because the demand is
45:55
low. We just talked about that.
45:57
This is interesting about why people are crazy about gold in
46:02
China, besides the fact that they know it's been valuable for
46:05
thousands of years. But can this happen to you?
46:08
Can this happen to your cohorts in the United States?
46:12
The real estate markets dumped stock market in China has
46:17
dumped, although it's made a bit of a comeback lately, but
46:19
nonetheless, and they know not to trace trust paper currency.
46:24
They don't trust the banks. They have a lot of uncertainty
46:27
about their economy. And they wanna protect
46:30
themselves against inflation. That's what my people from China
46:34
are telling me are why the Chinese are getting crazy about
46:38
gold. And again, it's not just China.
46:39
Remember, we talked about Korea, Vietnam, right?
46:42
Russia, Turkey, everywhere else. But that's why.
46:45
Does that sound familiar to you? Now let's think about the United
46:48
States. Has our real estate market
46:49
dumped? No.
46:50
Our real estate market's in a. Bubble right now, I believe that
46:54
we could be in very, very difficult real estate.
46:56
We know commercial real estate's dumped here, right?
47:00
But I believe residential real estate as well.
47:02
Our stock market bubble, it can't go much, much better from
47:07
where we are. Do our people trust paper
47:11
currency? Yes, they do, your fellow, but
47:13
will they? Well, could that change?
47:15
Yes. Don't trust banks.
47:17
Well, we just. Had three of the biggest.
47:19
Bank failures, what, 14 months ago in this country and a Fed
47:23
that papered everything over, we're set up for the same
47:26
situation. What do you think that's going
47:28
to do for the price of silver and gold?
47:31
You're going to get your $2600 gold and $35 silver.
47:35
Lickety split, right? Could it be a bank crisis?
47:39
More bank failures? The BTFT, The bank term funding
47:42
program went bye bye. OK, the reverse repo program's
47:45
Under stress Economy. The collective American is
47:49
living paycheck to paycheck. We got an election year.
47:52
We got a crazy trial going on with our ex president, who's
47:57
also a candidate this year. We have stagflation.
48:00
We have countries talking about nuclear war, geopolitical
48:06
craziness. OK, this is what's going on.
48:09
How will the Fed react? How will Jeremy Powell react to
48:12
all this? You know, there's only one tool
48:15
he has and no matter how you slice it or dice it, whatever
48:19
smoke and mirrors you want to use, don't you think it's going
48:22
to be good for the silver price and the gold price because it's
48:25
going to be dilution of the currency, It's going to be money
48:28
printing, you know, printer gold Burr, remember people used to
48:32
say that whatever bugged me, but it's going to be good for the
48:36
silver and gold price. Dollar reserve currency and
48:39
trade currency both are dying. OK.
48:43
We talked about this inflation reignited, OK.
48:48
And at the same time calls for a major rally in the commodity
48:52
sector, OK. You don't want to compare your
48:56
silver and gold to anything. Else out there guys, this is a
49:01
key concept. For us to remember, the only
49:05
thing you want to compare your silver to your gold to are other
49:09
real assets. You'll make the mistake.
49:13
All right. I do it as well.
49:14
I've done it already. Will always say how much does.
49:17
What's the price of silver? Really, it doesn't matter.
49:20
What matters is how much silver can you get?
49:24
Or I'm sorry, how much gasoline, How many gallons, How many
49:27
gallons of gasoline can you get right now for one ounce of
49:30
silver? Let's say 10.
49:31
That's a little generous, but nonetheless, 10, right?
49:35
If we get to a point where you can get a hundred 100 gallons of
49:38
gas for one ounce of silver, 500 gallons of gas for one ounce of
49:42
silver, maybe it's time to start converting things like silver,
49:46
gold into real assets. Same thing with the gold to
49:49
silver ratio, right? That compares gold to silver.
49:52
That's a critical thing for us to look at.
49:55
We want to compare silver's real value relative to other real
50:01
assets, right? There's the CRB index, the
50:04
Commodities Research Board, right.
50:06
We know, we know that gold in particular is near breaking out
50:11
of the 200 week moving average of the gold, the CRB index ratio
50:17
and things are getting interesting.
50:19
And print, print, print, All right, Inflation.
50:24
Stagflation. You know the stagflation story.
50:28
It's it's it's it's bubbling right below the surface right
50:31
now. Stagflation in the 1970s saw the
50:35
silver price in particular go from $1.50 all the way up to.
50:46
I'm hearing 5250 was the intraday high for silver in
50:50
1980. How does that make you feel,
50:53
huh. Thank you for the.
50:55
Oh, I got to say it. OK, thank you, Susie.
50:57
Walkies not working. And Ricky, thank you for the
51:01
Super chat. Let's bring that up.
51:03
And hey, let's also say thanks to channel sponsor First Mining
51:06
Gold, if you want to talk to a Real.
51:07
Live person And who can tell you all about first mining gold?
51:12
He's been in the gold silver sector for decades.
51:15
He's got a cool British accent, but most importantly, he can
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tell you about the attractive situation that's developing at
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First Mining Gold. You can reach out to Paul
51:25
Morris. I'll put a link to his e-mail
51:27
address in the description of this video.
51:29
And you can learn more about First Mining Gold at
51:32
firstmininggold.com. Thank you guys for being here.
51:35
OK, go watch another video. Please.
51:38
Give this a thumbs up. But most important, take care of
51:41
you. You.
51:42
I got to do the cowbell. I almost forgot Thumbs up.
51:53
Right on, guys. Thank you.
51:55
OK. You are important.
51:57
You're important to a lot of people.
51:58
Don't forget that. Number one, let's all be nice to
52:02
ourselves. That'll help us be nice to those
52:04
that we love. And I love when you join me here
52:08
in the basement.