Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 What's NEXT For SILVER & GOLD PRICE 🚨 Peter Grandich Called THIS!

Transcript

🚨 What's NEXT For SILVER & GOLD PRICE 🚨 Peter Grandich Called THIS! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  But I really think gold is ready for the next leg up and and
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  here's why. Today we have a special guest.
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  We're in unfortunate circumstances in our world, an
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  assassination attempt on a presidential candidate.
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  There's a lot going on. Peter Grandich talked about
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  prospects for unusual circumstances in the upcoming
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  election in in previous interviews that I had conducted
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  with him. Peter, I'm so happy you've
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  agreed to come on today to kind of give us your insight into
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  what's going on under these unfortunate circumstances.
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  I would like to welcome you to Ron's basement.
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  Well, in normal times, I would say, Ronnie, I'd be real glad.
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  I can't wait to take that guy's blinders off and all that stuff.
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  But you're right, it's a very serious time.
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  Today is been a day of reflection for me in prayer.
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  But when you you know, for you, I'd be glad to talk anytime,
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  anywhere you want to. You're a very straight shooter,
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  Ronnie. I know you live and breathe
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  this. This is out of love.
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  The money is secondary or third. And it is a really crossroads.
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  And and I guess to start off based on what you said was
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  you're right in earlier parts of this year, I spoke in your
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  interviews and others and in my own work that not only was there
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  political paralysis, not only was politics and social and
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  economic, Eric, are making this the worst era possible.
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  But I actually spoke about the possibilities as early as
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  beginning of the year that one or both party leaders who were
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  expected to be the nomination may not end up being there
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  Election Day. Now, for Biden, I made that
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  based on health reasons, which obviously have moved to the
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  forefront only in recent weeks. But with Trump, I spoke mainly
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  about legal, but I did point out to people that there's such a
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  this hatred for him and it's there for the record, what I
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  said that I would not put it past them thinking that they'd
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  have to kill him if there was no other choice, not even thinking
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  that that's actually something that was going to happen.
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  But it was a, a realistic possibility.
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  And we now seen this hatred even after this act where the
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  compassion of humanists should take over, at least temporarily.
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  We're watching people saying that.
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  Why did I miss? I mean, that that that gives you
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  an idea of how much hatred was there.
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  And Ronnie, and I know you got some questions.
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  That hatred's not going away. That hatred is just an
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  indication of when you take away the shield, this thin shield
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  that's been there, of what the opposition feels and how this
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  country's become so divided. You know, when I've said this, I
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  said we're as divided now as we were before we began our civil
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  war. And I think it's more and more
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  evident now based on the last things that have happened in
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  this last week. And I'm sorry that we have to
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  have this discussion, Ronnie. I really wish we didn't have to
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  have this discussion. I wish I could be saying I was
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  wrong. Everything worked out right, but
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  I'm afraid this is just the beginning of something, not the
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  end of something. Yeah, That would be my next
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  question for you, Peter. You know, as we as we moved into
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  2024, a lot of people were predicting that it could be a
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  really crazy year on many different fronts, financial
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  crisis, geopolitical crisis. And of course, with the election
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  coming up in the first six months of the year, we're
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  relatively calm now as we're heading into the second-half of
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  2024. We don't want to be doomsayers,
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  But oh, my gosh. I mean, when I, when I let it
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  sink in that there was an assassination attempt yesterday,
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  I mean, it doesn't even feel real.
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  I'm, I, I hate to use the word in shock, but I feel like I'm
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  still kind of in a bit of shock that this is all actually going
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  on in this country. And what does the next six
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  months? I mean, it was already crazy
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  enough yesterday afternoon at 2:00 in the afternoon before
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  this happened. Things felt like they were out
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  of control. Do you, do you see?
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  I mean, do do you think that in the next six months we could
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  even see more potential turmoil? If you're looking to buy gold,
• 4:09
  silver or platinum, do yourself a favor and check out Pimbex,
• 4:14
  the online precious metals bullion dealer and sponsor of
• 4:18
  Ron's Basement. I was a happy customer before
• 4:21
  they offered to support the channel.
• 4:23
  You'll find they have the best prices, quality and service.
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  I think Pembex is best and you will too.
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  And be sure to tell him that you're from Ron's basement.
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  I think the turmoil will come from a lot of fronts.
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  So let let's just try to digress it in the few minutes that we
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  have. First, in terms of the markets,
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  you and I were not the only ones that have been saying this.
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  We've been saying it for weeks, if not months.
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  The level of complacency on Wall Street, given all the factors
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  even before the big ones, the the, the fiasco of the debate
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  and the follow up press conference and also now this
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  attempted assassination on, on, on Donald Trump.
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  Given all of that, it's still basically it's nothing to really
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  worry about from from what I call the don't worry, be happy
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  crowd. It it's not going to play a
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  role. It's not going to play a role.
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  We're we're clearly seeing now think about this.
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  Let's just just before the Trump assassination, let's just make
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  like we were having this interview before we know of
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  this. I would have said to you, well,
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  listen, it's clear and evident that they don't want to see
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  Biden because they don't think he can beat Trump.
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  And there's certain people that hate him so much that they'll do
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  anything to see him not win again.
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  That was, I think it's abundantly clear to people now
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  that rightfully or wrong for that thought that people had,
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  they did everything to this man now, including trying to kill
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  him. That's on the table now that
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  just that's, there's nothing really else what could be said
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  and all. And to think that that's just
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  going to stop or that just you're going to say, oh, Gee,
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  you know, we were really wrong. OK, let's live happily ever
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  after. I think that's a that's a force
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  to to fall into. So there's no question this is
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  going to happen. And now what do you do for those
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  people that were just before this happening thinking, well,
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  can we slide Biden out? Can he step down or can he can
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  he announce, be willing to let somebody else take over all
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  that? I think it's a lost cause no
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  matter what. If, if, if their goal was and if
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  people were not going to conspire out there and say this
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  was all planned, it's part of the deep state.
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  They wanted to see him done. Well, if that was their plan,
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  they really blew it. Because here's what's going to
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  happen. Not only are you re fortifying
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  everybody that was already bullish for Trump, you're going
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  to get a lot of fence sitters and maybe people like me that,
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  you know, I like what he thinks, but I can't stand the way he
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  speaks or carries himself. Whatever.
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  Do you think those people are going to move towards him?
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  I, I, I think it's clear and evident.
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  And, and that opens the door to, you know, if does he make it,
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  you know, since he's sworn in. I mean, all these thoughts that
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  weren't going to be present a week ago are going to be there
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  now. And let me add one other thing
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  because it ties into what we're really but you and I try to do
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  each day. From the investment side of
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  things, the VIX in the stock market has gotten so low almost
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  to record lows. If you want to know about
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  complacency, just look at the VIX.
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  At a time when I can make an argument politically here,
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  politically abroad, economically here, economic abroad,
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  immigration, all sorts of issues happening in the Middle East
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  getting where all these type of things.
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  And guess what? What has managed to perform, but
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  it's always supposed to do during periods of this gold and
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  silver. I I hate to use adversity or
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  harm or this poor man that was killed innocently and all, but
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  this type of actions are only beneficial for physical metals.
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  Yeah, I know. I say the same thing.
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  Like we don't like what's going on.
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  I don't like it at all, but I have to accept that that's
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  what's going on in the world. And I also, as I, as I accept
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  that, want to look at that through the lens of that.
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  My investments in silver or gold are how I choose to protect
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  myself and protect my family. And, and when you look at
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  everything that's happening right now, I still, I go back to
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  yesterday afternoon before the attempted assassination attempt,
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  things were already crazy. And I, and I like what you say
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  as well, Peter, about the VIX, 'cause I follow the VIX very
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  closely. And I was, I've been looking at
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  it all last week. I'm like, I can't believe that
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  the VIX is at what, 1211 and a half, 1212 1/2.
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  And for our viewers who don't understand, that's a kind of a a
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  measure of the volatility and it's the volatility index with a
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  measure of the risk in the market of the perceived, a
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  perception of what future risk may be.
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  And it's at all time lows. It is like everybody's asleep.
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  Like the, I love the way what you say, the don't worry, be
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  happy crowd. Like the stock market's at
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  record highs, You know, real residential real estate's at
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  record highs. Everything's great.
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  But I would make the argument that everything's really not
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  great out there. Yeah.
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  And you know, Ron, the after the fact, the Monday morning
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  quarterback, that's what they'll look back and go, well, we
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  should have known when the VIX was that low and this was like
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  that and this was like that and all.
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  And I I wanted to a couple things before we get lost,
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  because I just think it's going to get even more crazier this
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  week. A man named Vince Landy came out
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  with a wonderful story this past week and it and and it's been
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  backed up with authoritative journalist reporting that
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  basically in Asia, it looks like JP Morgan, but clearly one or
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  more huge banks have really gotten themselves into a bad
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  situation against someone that's absolutely now controlling both
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  the gold and silver market in Asia.
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  And I'm going to tell you that when you see these stories that
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  ran again a week ago, Oh, China's not buying anymore.
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  Down one day, $35, two days later, goals higher than where
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  where it first fell from. Same thing, silver.
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  Now people like came into the weekend going, ah, silver's only
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  30 1/2. Hello.
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  It couldn't even get over 36 or nine months ago.
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  And we were all depressed about that.
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  These metals are primed and ready.
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  And what got me really excited and something I did Friday, I
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  didn't even think of bringing this up, but I might as well.
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  I was ready to short the stock market when it got above Dow
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  40,000. You know that I've spoken.
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  About that, yes. But the shares have become so
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  attractive now, and I'm even talking about the juniors that I
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  announced on Friday while trading was going on that I was
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  taking that money that I was going to short and put it into
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  my junior resource stocks. I just think and listen, I'm not
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  talking about 9:30 tomorrow morning.
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  Everything takes off. But what I'm just saying now is
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  bad as this news is, and it's bad and it's going to get worse,
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  These are extremely bullish developments for those who have
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  an interest in physical bullion. And if you're more of a much
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  more speculator than the mining and exploration companies that
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  look for them. This is just playing into what I
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  have called a mega bull market that's not even halfway done
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  yet. Yeah.
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  Yeah, you, you interviewed Tavi Kosta not too long ago, correct?
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  Yeah, he, he had a great tweet out this weekend where he had
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  six charts that showed, well, five of the six charts showed
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  just how crazy undervalued the precious metal mining stocks
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  are. I want to ask you a question,
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  Peter, 'cause you, you mentioned China with gold and China with
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  silver. It's kind of, you know, common
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  accepted knowledge right now that that that the gold price
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  and I would think even silver for that matter as well, had
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  really benefited from major buying in the East.
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  Whereas in the United States there's been ETF outflows.
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  And you and I both know very little interest in the mining
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  shares, whether the juniors and even up to the majors.
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  Do you think at some point here, like Wall Street in particular,
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  won't be able to ignore the the the amount of profits that the
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  mining stocks are making and then that that could flow
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  through in the West to both the junior mining stocks, some
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  interest coming back to the junior mining stocks and even to
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  the actual metals themself? Because it's we've been absent
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  from this, that mean this, this rally.
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  Well, I think those of us that own a lot of juniors, which I
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  think you and I fall into that camp, yeah, we lost sight of how
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  well the majors have actually done these last few months.
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  Unlike the juniors that had given up much of the gains that
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  they made early in the year until the last few days, the
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  majors didn't. Many of the majors are trading
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  that new 52 week highs and think about this, they're looking at a
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  a gold price up several $100 from a year ago.
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  Their earnings are just going to end their free cash flow.
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  And I really think this M&A that we've seen somewhat, we saw some
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  talk over the weekend of about Rio Tinto getting together with
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  another group to to possibly buy tech.
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  I just think once it kicks off, it's just going to flow in.
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  But what I really liked in the last three days Ron is volume
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  returned back to the juniors, not necessarily they were
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  driving them up, but now stocks that were trading 50,100
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  thousand a day dripping down a few cents, you know 10,000
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  shares in next day suddenly they're trading a half million
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  or a million shares. And while they may have not
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  bolted up, that is demonstrated buyers interest is return and
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  volume especially in the juniors always precedes price.
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  And since in a long decline and volumes returning now it's a
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  strong suggestion that there's a turn happening as we speak as.
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  We speak, Yeah, Yeah. I mean, I just get so passionate
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  about this idea that, you know, everybody talks about, well,
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  gold's $2400, silver's at $30.00 and that's awesome.
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  But that it has done that in the face of not favorable
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  circumstances. I mean, I'm gonna repeat myself,
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  but you know, the West, the, the, the United States, the West
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  just has not participated. And that when we do participate
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  that that the opportunity is there.
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  I mean, just, it's such a small market that the opportunity is
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  there for real outsized returns like gold and silver have done
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  well thanks to China and India and the BRICS countries and the
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  central banks and you know, industrial demand for silver,
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  but not really thanks to what's going on in the West.
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  And that we have such a big opportunity and that the metals
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  in the mining stocks have such a big opportunity and that they
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  could feed off each other that when people start to come back
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  to the mining stocks in the West, maybe then, oh, maybe I'll
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  take a look at physical silver and gold as well.
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  I don't know. I'm I'm very optimistic still at
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  this point. Well, I, I think you have reason
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  to be now. I really do.
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  Listen, I'll put it to you this way and, and I'll be noting it
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  tomorrow to my own followers and all.
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  I took my position out of cash that I'd be keeping on the side
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  to buy more mining shares last week, and I'm preparing to do
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  that again with even more cash on Monday morning.
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  OK, so I am Tooting my own on I'm I'm speaking my own book,
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  whatever you want to call it. But the bottom line is I really,
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  really think and to tell you the truth, Ronnie, if you ask me for
• 15:52
  the life of my daughter to find me another second where a sector
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  across the board where I can find undervalued in this can do
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  that's that's the only one. And, you know, I just think that
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  we're really, really, we're coming for your buddies there
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  now, Sir. I like to joke about it, but I I
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  I would not be surprised, Ron, all honesty, that before the
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  leaves start coming off the trees, your buddy there is
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  losing his blindness. I mean, I really, really do.
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  In terms of gold, I think silver has a way to go to get to 85.
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  I presume that's an 85. Yeah.
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  It's 85. Yeah, Yeah.
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  OK. But if it had a, if it had a 45
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  on it and we could see that, but fairly soon.
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  But I really think gold is ready for the next leg up.
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  And and here's why there's a lot of talk coming out from good
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  sources now that the bricks are preparing in these fall meetings
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  to disclose something more than just a whisper of how they
• 16:49
  intend to use gold in some way or form.
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  As this brick moves closer and closer and becomes more viable,
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  etcetera, etcetera. That's going to be the trigger
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  to bring the Weston. That's going to be when big
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  institutions are going to turn to their don't worry, be happy
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  leaders and go, hey, I'm reading all this.
• 17:08
  How come we don't own any goal? And that's where it's that's
• 17:11
  where the shop runs. That what we're going to have to
• 17:13
  recognize then you and I and others like you and I who've
• 17:16
  been suffering for two years or whatever, that if these things
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  do get crazy, on the upside, we're going to have to take some
• 17:24
  profits. Even though finally we're
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  hearing all these people talking about something, but we're not
• 17:30
  there yet. But I really, really, truly,
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  Ron, it's terrible that an incident like this has to
• 17:35
  fortify my position. But I really, really think it's
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  all all, all green for gold and silver.
• 17:45
  And you know that I was never a silver bug.
• 17:48
  They used to beat me up when I used to say it was like kissing
• 17:50
  your sister. OK, but that's gone now.
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  It's like kissing a very attractive woman, the same as
• 17:56
  gold. And I, I really think forgetting
• 17:58
  what may happen tomorrow over the coming weeks and all we're
• 18:03
  going to see this, this next leg up in the metals followed with
• 18:08
  the shares and especially the junior resource market now.
• 18:12
  Yeah, yeah. Well, we will be, we, we will be
• 18:16
  optimistically watching to see how that all unfolds.
• 18:19
  Peter, thank you for coming on here.
• 18:21
  It's a Sunday afternoon. I'm going to get this out for my
• 18:24
  channel later today so people can hear from you kind of your
• 18:28
  latest thoughts on what's transpired over the weekend.
• 18:31
  Is there anything that I forgot to ask you about?
• 18:33
  Anything else you want to talk about before?
• 18:35
  I want to say something to your channel, if it's OK.
• 18:37
  Yeah, I want to tell you folks that Ron is the same off the mic
• 18:42
  as is on the mic. He writes to me about how am I
• 18:46
  doing? We each have issues that we find
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  we speak a lot. You're caring.
• 18:52
  I think your listeners should know that by now.
• 18:54
  But in case they don't, you really, really, really got a big
• 18:58
  heart, my friend. I really want to tell you that,
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  and not just because here we are Sunday afternoon speaking at
• 19:03
  all. I know how much you can, and I
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  really believe you're going to be vindicated now, because I
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  know you've been a big believer in silver and things related to
• 19:12
  silver. And if anybody knows me, they
• 19:14
  know that I was never that way. I was never a silver bug.
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  But I really think you're gonna do really, really well, Ron.
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  And you know what? It'd be good.
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  Be good to see one of the good guys do good for a chain.
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  Wow, coming from you Peter, that means everything because we
• 19:28
  could make it a mutual admiration society.
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  But I, you know, I think the world of you.
• 19:32
  And just so my viewers know, Peter Granich was my first big
• 19:35
  name interview ever in Ron's basement and in my book, still
• 19:41
  my biggest name interview. So Peter, thank you there that I
• 19:44
  really appreciate those words that, you know, to me, that's
• 19:48
  the biggest compliment that a person can get.
• 19:51
  I say that about my wife Susie, actually, I tell people that all
• 19:53
  the time, like she's the same outside the house that she is
• 19:57
  inside the house. It's the same person.
• 20:00
  And, and I mean that it's a huge compliment, right, that you know
• 20:03
  people. That we treat each other with,
• 20:07
  with respect and and care. And so I don't know what else to
• 20:11
  say, but wow. Thanks Peter.
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  You touched me and I'll look forward to seeing you again
• 20:15
  soon. I'm coming for you, buddy.
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  There I'm coming for. You see you, Peter.
• 20:20
  Thank you. God bless you, Ronnie.
• 20:22
  God bless.