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🚨 SILVER Stacker! - YOU'LL Be SHOCKED By this NEXT MOVE - (Precious Metals price News) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  You have plenty to be excited about in the precious metal
• 0:04
  sector, silver, gold, precious metal mining stocks.
• 0:08
  But of course, today is an absolute horrible day.
• 0:12
  We'll get the bad news out of the way at the beginning.
• 0:14
  Then we're going to explore some incredibly interesting stories,
• 0:18
  major developments in the world, in the precious metal sector.
• 0:23
  That will give us major reason for optimism.
• 0:27
  But let's go check on the price of silver, see if we can't, and
• 0:32
  gold, see if we can't get that price to go up during our live
• 0:35
  stream here. So we're down $2.45 on the spot
• 0:39
  price of silver, right around what, $74.50?
• 0:44
  Seventy $5 gold, $4437. I remember.
• 0:49
  Do you remember back in October, I remember exactly where I was
• 0:54
  in Quebec of 2023 when the gold price was $1800 per oz.
• 1:00
  What is that 2 1/2 years ago? Today we're at $4300.
• 1:06
  We got a lot more to talk about. We are going to talk about
• 1:09
  $35,000 gold. Don't throw eggs at me.
• 1:13
  This is basic mathematics in mathematics shows no forgiveness
• 1:17
  on the altar of truth, telling us that we could see and
• 1:21
  realistically based on past performance, $35,000 gold price
• 1:26
  floors. They're talking about it again
• 1:29
  in the critical minerals price floors for things like silver
• 1:34
  because silver is on the critical minerals a list.
• 1:37
  Also. I smell a big rat.
• 1:39
  Do you smell the big rat? With what's going on in the
• 1:43
  silver and gold sector in Asia and a big rat, that could be
• 1:46
  big, big good things for us. Oh, we got news on the Comex and
• 1:50
  we've got our daily dose of gloom.
• 1:52
  But first, thank you for joining me in the basement.
• 1:55
  We are the basement dwellers because we believe in the future
• 2:00
  of gold and silver, because we understand history and we may
• 2:07
  not have math degrees from MIT, but we also understand the basic
• 2:12
  laws of mathematics. Let's get to the good news now
• 2:15
  on silver and gold. Get ready to smile.
• 2:18
  Let's head out to our friend at silver trade with a friendly
• 2:23
  reminder. And then we got a pep talk from
• 2:25
  Rashad. Not sure who needs to hear this?
• 2:28
  Well, I do. How about you?
• 2:31
  But the comex price of silver one year ago today was 34.
• 2:36
  I'm sorry, $33.44. There's a beautiful American
• 2:42
  Silver Eagle. But what about our friend
• 2:44
  Rashad, the eternal optimist? And here we go, he says.
• 2:50
  My my view on gold is unchanged. Wait till you hear what he says
• 2:54
  in the next next segment. I don't expect that escalation
• 2:58
  between the US and Iran. Furthermore, the US should be
• 3:01
  getting ready for the Independence Day on July 4th,
• 3:05
  which is the 250th anniversary. I do not see an active war going
• 3:10
  forward. I think the precious metals are
• 3:12
  destined to shoot up well and actually looks like he kind of
• 3:16
  drew that on his chart. A little draw down and then a
• 3:19
  big shoot up. But wait till you hear this, he
• 3:22
  says. All right.
• 3:23
  And we know we've been through it together, guys, remember, we,
• 3:26
  we, we none of us guaranteed it would be just a perfect smooth
• 3:31
  sailing. Nothing goes up.
• 3:33
  Silver price, gold price, precious metal, mining stocks,
• 3:35
  prices. Nothing goes up in an absolute
• 3:38
  straight line, he says. Four months of torture in the
• 3:43
  precious metals market since January 28th is about to end
• 3:47
  today. Today.
• 3:49
  What we're going to going through could be the last day of
• 3:52
  the shenanigans. I smell a rat.
• 3:55
  I do not even think that endless news about the US Iran peace
• 3:59
  deal. Yeah, you know, get over it.
• 4:02
  Get through it, guys. An asteroid approaching Earth,
• 4:07
  or even an alien invasion is not going to stop precious metals
• 4:12
  from rallying. No more BS.
• 4:15
  OK, now let's look at this in particular with silver from the
• 4:20
  man, the myth, the legend, the happy Hawaiian.
• 4:25
  The gold to silver ratio remains below the 50 day average, which
• 4:30
  is always bullish for silver. Now it just needs to break down
• 4:36
  from the support that many seem to refuse to acknowledge exist.
• 4:41
  And what we're looking at here, guys, again, this is the gold to
• 4:44
  silver ratio. How many ounces of silver does
• 4:47
  it take to get one ounce of gold?
• 4:50
  The lower that goes on this chart, OK, the higher the silver
• 4:56
  price will go, which a lot of people refer to as a potential
• 4:59
  for a slingshot move, the gold price.
• 5:02
  When we're rooting, we love gold.
• 5:04
  We love gold mining. Stocks can go higher and higher,
• 5:07
  but as this ratio goes down, that's what creates the
• 5:11
  slingshot move. Now, as we can see right back in
• 5:16
  January right here, let me make this a little smaller for your
• 5:21
  viewing pleasure. See if we can get it.
• 5:23
  There we go. That should work better on the
• 5:26
  full screen. The gold to silver ratio dropped
• 5:29
  down all the way into the 40s recently when we had our little
• 5:32
  90 blep, it went. Now we're back in here today.
• 5:36
  Let me draw. This was the $90.00 that we had
• 5:39
  what, 2 weeks ago. This was the 1:20 today.
• 5:43
  We are probably moving a little bit higher back into this, but
• 5:48
  do you see something on your screen right, that right there a
• 5:52
  wedge pattern, eventually the price or the ratio has to break
• 5:58
  free from that. We went into the wedge pattern
• 6:02
  on a downward trend. Typically what happens as wedge
• 6:06
  patterns resolve themselves, which they always have to do,
• 6:10
  they will resolve themselves in the same direction as the trend
• 6:14
  that went into it. OK.
• 6:16
  Again, if we have higher gold prices, which we're going to
• 6:20
  talk about $35,000 gold going once point twice a little bit
• 6:23
  later in this live stream and a decrease in the gold to silver
• 6:28
  ratio, it could truly be epic. Remember, that's a wedge
• 6:32
  pattern, which I love because they always will get resolved
• 6:36
  either downward or upward as time goes by.
• 6:40
  It's an absolute inevitability for that to occur.
• 6:44
  But here in the basement, we don't call it a wedge pattern.
• 6:46
  We don't call it a triangle pattern.
• 6:48
  We refer to that as a sideways pyramid pattern.
• 6:52
  Now we get this from the bald guy.
• 6:54
  Love the bald guy, Bald guy Money, one of the most popular
• 6:57
  precious metal YouTube channels and he talks about patience,
• 7:04
  people chasing. Look, I know the last four
• 7:07
  months, three months have been long and drawn out.
• 7:09
  Actually, I talked to bald guy over the weekend.
• 7:11
  We were talking about how this consolidation period has created
• 7:15
  a situation where anybody who wanted to sell their silver
• 7:19
  AT74768073 dollars has sold, been replaced by strong handed
• 7:25
  people back to what the bald guy says.
• 7:27
  And it's good news about silver. People chasing immediate
• 7:31
  results. Forget the best dishes take time
• 7:36
  to cook. Silver is no different.
• 7:38
  You know I've got a crockpot sitting behind me on my lower
• 7:42
  left side. You'll see it here when I bring
• 7:43
  myself back onto the screen. The best dishes take time,
• 7:47
  deficits and silver supply. We're never going to yield
• 7:52
  immediate results, but we are seeing the rubber meet the road
• 7:57
  right though momentum, the paradigm is shifting.
• 8:01
  I'm not a hype man. I made top dollar as an analyst
• 8:04
  strategist. I am betting he is betting his
• 8:08
  reputation on this. And then of course, this is the
• 8:11
  chart going back to looks like, what, 2016 showing the annual
• 8:18
  silver deficits. Yes, we were in the green for a
• 8:21
  couple years, but guys, this right here, OK, eventually this
• 8:27
  makes a difference and it takes time.
• 8:31
  And he also mentions that silver opened at $72.39 in 2026.
• 8:37
  Again, that came from the bald guy money.
• 8:41
  Very smart guy and very popular on YouTube and within the
• 8:45
  precious metals sector. What about mainstream media
• 8:49
  then? I'll come back.
• 8:52
  Here's a great one. Mainstream media, Bloomberg,
• 8:56
  right? I mean, mainstream media
• 8:57
  typically is not very nice to gold and silver.
• 9:02
  We've got imagine Bloomberg riding this.
• 9:06
  We're going to look at this headline in one second, exactly
• 9:09
  same hit piece, but they said it about NVIDIA.
• 9:13
  NVIDIA AI stock is trading much stronger than we expected.
• 9:18
  So it will probably go down soon.
• 9:20
  We are nowhere near the top of this generational bull market in
• 9:24
  gold and silver. And here's the Bloomberg
• 9:26
  headline. Positioning in Silver leaves it
• 9:30
  vulnerable to a pullback. Well, we got to admit, maybe.
• 9:34
  Maybe. What was that yesterday?
• 9:35
  Maybe they were right once for one day.
• 9:38
  Oh, OK. Silver's recent resilience is at
• 9:42
  odds with a downtrend in investor positioning, which
• 9:45
  leaves it vulnerable to a pullback.
• 9:47
  That's what I wanted. Yeah.
• 9:48
  Today's a bad day. Oh, for silver and gold, But we
• 9:52
  aren't worried about days. We are thinking about quarters.
• 9:58
  We are thinking about years. We're thinking about a full
• 10:02
  decade, guys. We are going to have days like
• 10:05
  today in the precious metals sector.
• 10:08
  We're going to have, guess what? Here's the good news.
• 10:11
  We're going to have more days like this in the future.
• 10:14
  Think about 10 years. Do you think over the next 10
• 10:17
  years? You never know, but it's
• 10:19
  extremely unlikely likely that we're going to go up, up, up,
• 10:23
  up, up every day for the next quarter year or ten years.
• 10:28
  The volatility and it goes both ways.
• 10:30
  We have volatility to the upside and we have volatility to the
• 10:34
  downside. It's going to happen.
• 10:36
  We know the long oh darn it, there was something I wanted to
• 10:39
  share with you. We have let's go back.
• 10:42
  I want somebody also wrote something.
• 10:45
  We have the long term fundamentals on our side.
• 10:50
  And yeah, there it is right there.
• 10:52
  This from Share. The right screen was under
• 10:56
  Rashad's post from Daniel Tashinkle.
• 10:59
  He said the longer precious metals consolidate while macro
• 11:03
  risk keep building in the background, the more violent the
• 11:08
  next breakout usually becomes once capital finally rotates
• 11:13
  into the sector. And remember, right, where's all
• 11:17
  the money right now? I heard something yesterday say
• 11:19
  that was mind numbing flabbergasting that like the
• 11:22
  total market cap of the entire AI sector is equal to like more
• 11:27
  than half of the entire United States GDP.
• 11:32
  I mean, Can you believe that? And think about what happens
• 11:36
  when Judge in itsy bitsy teeny weeny, part of those trillions
• 11:42
  of dollars that are in AI moves into the precious metal sector,
• 11:48
  the commodity super cycle. All the Daniel got all this, all
• 11:53
  the smartest people are saying we're going to have a commodity
• 11:56
  super cycle. But wait, there's more because
• 12:00
  all this AI miracle that's going to occur, all these chips, all
• 12:04
  these data centers, all this electricity, none of it.
• 12:07
  It is possible without copper or silver.
• 12:16
  And we're not leaving you out. Gold bugs.
• 12:18
  I love gold as well. Central banks are saying they're
• 12:21
  going to buy. I mean, the whole setup is just
• 12:23
  absolutely incredible. OK, now look at this chart, this
• 12:27
  one from Jordan Roy Byrne is absolutely excellent.
• 12:34
  And there it is should be up on your screen right now.
• 12:38
  This is interesting. Another version of not he's one
• 12:41
  of the top analyst in this is his great his favorite gold
• 12:44
  analog. The current best fit for the
• 12:47
  breakout that we have right now maps almost perfectly as a
• 12:52
  weighted composite, 75% of the 1972 breakout and 25% of the
• 13:00
  2005 breakout. So if you weight those two
• 13:04
  breakouts 75% on 72 and 25% on O5, you get this and it's time
• 13:11
  shifted 6 months forward, you get this incredible, incredible
• 13:16
  chart going back to 2004. And yeah, the black line, stop
• 13:22
  moving that on you. The black line is the current
• 13:26
  breakout that we have in the gold price.
• 13:30
  The blue line, OK, which which matches almost exactly with that
• 13:35
  weighted weighted average between 2005 and 1972.
• 13:40
  As you can see, it matches perfectly right up to right now,
• 13:45
  which is right here. But then that weighted average
• 13:51
  continues, uppity, uppity, uppity, and as you can see gets
• 13:56
  all the way to $8000. OK, very interesting.
• 14:00
  Now let's talk about next. We're going to talk about
• 14:03
  $35,000 gold. I mean, these are crazy high
• 14:08
  numbers, but they're real. Before we do that, I want to say
• 14:11
  thank you to channel sponsor First Mint, right?
• 14:14
  There they are #1 they do one thing.
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  Las Vegas, NV, and then it goes directly to you.
• 14:31
  We're going to talk about the Comex later.
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  None of the silver, right? It goes from the mine to the
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  mint to you. It doesn't go to the Comex, it
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  doesn't go to the LBMA and it's world class silver bullion
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  the horse. Look at that round.
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  I mean, get it to shine for you a little bit.
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  Absolutely beautiful. There's nothing like, and that's
• 14:59
  after I've held it with my hands, right for months now that
• 15:02
  I've had this. Nothing like holding an ounce of
• 15:05
  silver in your hand. Here's their website,
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  silver, and they've got a $2 off special right now on their
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  Liberty bars. Thank you.
• 15:31
  And you guys love First Men. You know, while we're out here,
• 15:35
  let's go on a little trip to Canada and 1st Mining Gold.
• 15:39
  They also sponsor our channel, make our get togethers possible.
• 15:43
  They are a development stage gold company with two huge multi
• 15:48
  million ounce projects in Canada, Spring Pole in Ontario
• 15:52
  and Dupart K located in Quebec. The big mining companies are
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  going to need to replace their pipelines with big projects and
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  1st Mining has two of them in the favorable friendly
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  jurisdiction of Canada. You can learn more about them at
• 16:10
  firstmininggold.com. It's a stock that I've owned for
• 16:15
  years before they sponsored the channel.
• 16:19
  Great company, great management. Please check them out.
• 16:22
  Now let's move on. Oh, I promised you $35,000 gold.
• 16:26
  How could that be you may be asking?
• 16:29
  Well, it could be based on history and based on mathematics
• 16:35
  and based on this from our friend, the Global Markets
• 16:40
  investor. Is there more upside in gold
• 16:43
  prices? The S&P 500 to gold ratio has
• 16:47
  been declining over over the last years, following the same
• 16:51
  pattern after the 1929 crash in the 1970s inflation
• 16:55
  eraandthe2000.com bubble. So again, this ratio on this
• 17:03
  chart right brought to us by incrementum measures, the S&P
• 17:08
  500 divided by the price of gold, which right now right is
• 17:13
  going to be sitting. Let me let me pull my markers
• 17:16
  out right here. That's where we are in that
• 17:19
  chart right at about 1.6 as you can see, right.
• 17:23
  So, so the lower that ratio goes when you divide the S&P 500 by
• 17:29
  gold, that means the higher the gold prices relative to the 11
• 17:34
  unit of the S&P 500. If we look back and he says this
• 17:40
  right, the average, well there it is right there.
• 17:42
  The median over all those years, what almost 130 years is .7.
• 17:49
  OK. The low down here in 1980 is .2.
• 17:55
  Now I put together some special homemade graphics for you.
• 18:01
  OK, on the bottom, as you can see on this right now, that's
• 18:07
  how you calculate where we are 7000 roughly.
• 18:12
  I know it's 7500, but I just use 7000 for the S&P 500 / 4500.
• 18:18
  Gold is 1.6 if if we want to get to that average, that's the
• 18:23
  circle up above of .7. That would be 7000 on the S&P
• 18:29
  500 if it dropped a little bit, divided by we would need $10,000
• 18:35
  gold if we wanted to get back. And that's the part in the star
• 18:40
  to where we were in 1980.2. OK, there's .2 and we had 7000
• 18:47
  on the S&P 500. The gold price would have to be
• 18:51
  at $35,000 per oz. This is not make believe
• 18:57
  fantasyland. Those are historical numbers and
• 19:01
  that is mathematics. So say what you like, believe
• 19:05
  what you like, because remember back in October of 2023 where we
• 19:10
  we were sitting at what was it, $1800 gold?
• 19:14
  Just 2 1/2 years ago, the idea of $4500 gold seemed
• 19:18
  preposterous. And we can look at the US debt
• 19:21
  clock and see from a fiscal perspective where the dollars
• 19:25
  headed. I think we're in for some great
• 19:27
  times in the gold price. And think about, think about
• 19:30
  even if we get to $10,000 gold, the median, right, the median
• 19:35
  amount over the last 130 years, a $10,000 gold, where do you
• 19:40
  think the silver price would be? Oh, yeah.
• 19:43
  Remember what we looked at earlier, that gold to silver
• 19:46
  ratio where it takes off. So very interesting.
• 19:49
  OK, The Paris Mint is now going to be selling.
• 19:53
  It's happening, selling gold coins.
• 19:55
  That was a big story that came out yesterday.
• 20:00
  And looks like I forgot to pull that one up, but basically the
• 20:04
  Paris Mint announced their sovereign minted gold coins.
• 20:08
  The world is waking up. And remember, what's what's cool
• 20:11
  about that is it was Paris that actually caused a France that
• 20:15
  caused Charles de Gaulle, the United States to go off the gold
• 20:19
  standard. In 1971.
• 20:21
  They sent battleships to the United States where they were
• 20:25
  going to demand they were going to convert paper dollars into
• 20:28
  real physical gold. And that's when President
• 20:31
  Richard Nixon came on TV on a Sunday night and said, I am
• 20:34
  temporarily removing the United States from the gold standard.
• 20:39
  What about price floors and critical minerals on an
• 20:44
  international basis? Let's go there next.
• 20:49
  Silver trade shared this big story yesterday.
• 20:52
  Price floors eminent Marco Rubio alludes to new critical mineral
• 20:57
  price floor policy to increase supply, says quote on supply
• 21:02
  chain resilience. Rubio said the Quad nations
• 21:06
  would launch a new framework focused on securing access to
• 21:10
  critical minerals. The third topic which we hear a
• 21:13
  lot about these days that we'll have some deliverables on today
• 21:17
  is the issue of critical minerals.
• 21:21
  And he says again, we'll add, we'll announce the Quad critical
• 21:25
  minerals framework, which will guide each of us to leverage
• 21:29
  economic policy tools and coordinate investment strength
• 21:32
  critical mineral supply chains, including in mining and
• 21:36
  processing and in the critical minerals.
• 21:39
  And shoot, I wanted to see here it is the four countries, there
• 21:44
  were four countries that were involved in this.
• 21:48
  Here we go. Let's see, US Secretary, it was
• 21:53
  at the endo these are Indo Pacific nations, shoot and
• 21:59
  there's a list somewhere which ones are involved.
• 22:01
  But at this point there's five nations involved in this, in
• 22:06
  these discussions. It's very interesting as on a
• 22:09
  nationwide basis. Now let's move on to this
• 22:13
  because there's a interesting, I smell a rat it with what's going
• 22:18
  on throughout that whole kind of Asian region.
• 22:21
  Now we get this headline news from Kitco.
• 22:24
  Malaysia follows India's example with a new 10% import duty on
• 22:30
  LBMA Gold Bars says after India's recent hike of import
• 22:34
  duties on precious metals, another large Asian market has
• 22:39
  followed suit. Malaysia's Customs department
• 22:42
  has announced that they will now target gold bars with a new tax,
• 22:47
  marking the country's first ever import duty on bullion.
• 22:53
  OK, next, next. OK, we're going to go over.
• 22:57
  And this came from Chris Marcus. We know there's a lot going on
• 23:01
  with India in terms of import duties, in terms of setting up
• 23:07
  new markets for gold and silver, in terms of their pricing on
• 23:10
  gold and silver. And he said this yesterday,
• 23:13
  premiums in India's have on silver have jumped even above
• 23:19
  the elevated premium that we already have in Shanghai.
• 23:23
  So if we look at the price yesterday in Shanghai, we were
• 23:26
  at 8525. And at that same time in India,
• 23:31
  wow, almost a full dollar higher at $86.63.
• 23:39
  Next. OK, in Asia, who's taking over
• 23:44
  silver trade share shares this and we talked about this big
• 23:46
  story earlier in the week. Singapore's ABEX silver exchange
• 23:51
  is now live in silver traded In Sync.
• 23:55
  I'm sorry, settled after trading in Singapore it just under $77
• 24:02
  per oz. But what's going on at the
• 24:04
  COMEX, you may may, may be asking.
• 24:08
  Pure Metals shares with us. The COMEX May silver deliveries
• 24:13
  just hit almost 28 and a half million ounces. 5684 delivery
• 24:22
  notices issued this month, BNBBNP Paribas and JP Morgan on
• 24:29
  the receiving end. And this is the big point.
• 24:32
  The biggest banks are not trading paper silver.
• 24:36
  They are taking physical delivery because we are living
• 24:41
  in a new paradigm, a new environment where physical metal
• 24:47
  demand is basically taking over the market, right.
• 24:52
  We we saw that happen all throughout 2025.
• 24:56
  Physical demand for silver is overtaking the paper market at
• 25:01
  the COMEX and the LBMA. Hong Kong is is setting up that
• 25:06
  part of China is setting up a new, a precious metals market,
• 25:11
  the equivalent of Brinks in China.
• 25:13
  And Hong Kong is building a massive, massive, a safe
• 25:19
  depository right next to the airport.
• 25:22
  This is a new world for the price of gold and silver where
• 25:27
  physical demand right, is overtaking.
• 25:30
  And the people in Singapore that set up that new exchange or new
• 25:33
  contract, they said it exactly because physical demand in Asia
• 25:38
  is, is, is becoming the powerful force, the defining source of
• 25:44
  demand for gold and silver. Now we're going to go to the
• 25:47
  negative side. Excuse me, we're going to we're
• 25:53
  going to look at a negative chart.
• 25:55
  This came from Northstar. Northstar puts out a lot of very
• 25:58
  positive things about the precious metals.
• 26:00
  But this was yesterday. And again, at least for the day,
• 26:04
  looks like he's right. He says gold.
• 26:06
  I'm sorry, but this chart still looks weak.
• 26:10
  But I saw something very interesting in the chart, which
• 26:14
  I think can give us continued reason for optimism.
• 26:18
  He's talking about the the red trend line there that we're
• 26:22
  below it. But guys, this support zone
• 26:25
  right here on this chart is still around the 4400 per oz
• 26:31
  price on gold and one more piece of doom and gloom, but I think
• 26:39
  actually spells good things and I'll explain to you why for the
• 26:42
  precious metals, Grant Cardone and he's got what?
• 26:46
  Wow, over 1,000,000 followers, he says.
• 26:49
  Are you concerned the US stock market is now the most
• 26:54
  overvalued in 50 years? In this chart, right shows the
• 27:00
  NASDAQ waiting for right there in the upper left corner, the
• 27:04
  USM 2 money supply. And as you can see on this
• 27:07
  chart, we make it a little bit smaller for us on this chart,
• 27:15
  OK, There, there's the Internet boom right here, OK?
• 27:21
  And when you factor in M2, there's the AI boom right here
• 27:26
  we are above. And that's the IXIC, which is
• 27:30
  the Nasdaq Composite Index. Again, factoring in the M2 money
• 27:36
  supply, we are at this bubble, bubble territory in the NASDAQ
• 27:43
  with AI where it seems like the stocks just go up and up the
• 27:47
  bet. The best way to to to watch this
• 27:49
  or to look at this is what's called the the Sox exchange SOXX
• 27:55
  or Sox index, I'm sorry, which is the Philadelphia
• 27:58
  Semiconductor index. It's been around for years and
• 28:01
  years and years. If you look at at a chart of the
• 28:04
  Philadelphia Semiconductor Index, it's crazy.
• 28:08
  It makes what happened in silver back in January look like
• 28:12
  child's play. I mean, it is just straight up.
• 28:15
  And again, guys, if just a trickle of the money that's NAI
• 28:21
  stocks were to move into the gold and silver sector, a gold
• 28:26
  mining stocks, silver mining stocks, physical gold, physical
• 28:30
  silver, it would be like like an unbelievable wave because the
• 28:35
  sector, especially the mining mining sector, and in particular
• 28:39
  the silver mining sector is so absolutely tiny.
• 28:43
  If you, when you look at charts of like the AI stocks market cap
• 28:48
  compared to the total gold mining market cap in the world
• 28:53
  and compared to the, so you can't even see it's so small,
• 28:57
  the silver mining sector in particular.
• 29:00
  And what does that mean for the future of the metals prices?
• 29:04
  That means there's been zero, well, not quite 0, but very,
• 29:09
  very little money invested into the silver and gold mining
• 29:14
  sectors. That means the future pipeline
• 29:17
  of the metals is restricted. And don't forget the big cherry
• 29:25
  on top for the silver mining sector is the fact that all this
• 29:30
  AI build out, they need incredible amounts of silver.
• 29:34
  And then we're not even talking about robots and a solid-state
• 29:38
  battery technology or solar, right?
• 29:41
  But just for AI, they need incredible amounts of silver
• 29:45
  going forward. But wait, there's more because
• 29:48
  they just don't need it Once all those chips that they put into
• 29:51
  all those processors to fuel AI, they need to be replaced.
• 29:56
  I mean, the shelf life on these things, the cycle life is
• 30:00
  extremely short because of technology advance, the
• 30:04
  processing speed advancements like it, they need to be
• 30:07
  replaced every two to three years.
• 30:09
  I think we're in for some great, great times to come in the
• 30:13
  precious metal sector. Please, basement dwellers, if
• 30:16
  you haven't already, subscribe to the channel.
• 30:18
  Don't forget also, oh, I want to mention dirty man safe if you're
• 30:25
  looking for a great fun way to store something that might be
• 30:29
  real value. I wonder what I have inside my
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  don't forget they've got a discount code Ron 10.
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  This is their crypto version, their smallest version.
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  I love these things they're awesome.
• 30:44
  And just to give you a point of reference, excuse me inside this
• 30:52
  one I have a 5 oz silver bar. You keep whatever you want
• 31:02
  inside yours. Don't forget like I said, they
• 31:04
  do have a discount code Ron 10. And don't forget Sugar Mountain
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  care brand that I use. I love the products from Sugar
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  Mountain Trading. They've got they've got
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  therapeutic lotions, handmade curated soaps, shampoos, all
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  kinds of great stuff and right the company, their basement
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  dwellers that that's how they found out about me and Ron's
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  basement was because they love silver, they love gold, great
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  products, great selection. You can learn more about them at
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  Sugar Mountain training dot dot com and they got a great
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  discount code Ron 25, right? It's right there, 25% off.
• 31:46
  OK, check them out. Have a great day.
• 31:49
  Thanks for being part of the Basement Dweller community and
• 31:52
  we'll look forward to seeing you.
• 31:54
  Yes, you next time. Bye bye.