Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / Profound Changes in SILVER... Are YOU Ready!

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Profound Changes in SILVER... Are YOU Ready! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Silver had kind of a shocking, electrifying move today.
• 0:05
  But what can we learn about silver?
• 0:07
  And what can we think? About as we go into the.
• 0:10
  Future that can get us even. More excited about the prospects
• 0:15
  for Silver Shore. We all love gold as well.
• 0:18
  Gold's the Big Brother, but Silver.
• 0:21
  'S like the talented little. Brother just about ready to come
• 0:25
  into its own shore. It will follow in the footsteps
• 0:29
  of. Gold But silver offers a unique
• 0:32
  opportunity to shine in some very different ways.
• 0:37
  And the. Future of Silver is downright
• 0:40
  shocking. That's right, electrical
• 0:43
  everything. Everett, are you hearing?
• 0:45
  It am I the only one? Like everything I hear about
• 0:49
  electronics or anything a green energy.
• 0:53
  Related. Electrically oriented.
• 0:56
  As we look out into the coming. Years.
• 0:58
  Always, always. Thank you, Craig for that.
• 1:00
  Super Chat always. You electrified me.
• 1:04
  Always. Has to do with silver.
• 1:06
  And why is that? Look, we all like to learn new
• 1:10
  things. I know basement dwellers.
• 1:12
  I know my audience. I know the group of.
• 1:15
  People that are here, yes. You like making friends?
• 1:18
  Yes, you love silver and gold, but you all also like to learn.
• 1:23
  Let's just. Review What makes silver so
• 1:26
  attractive to this electrical electronic green revolution that
• 1:31
  we're facing? I was.
• 1:32
  Talking with Mr. Pat Holland, he's a favorite of many of you.
• 1:36
  This morning he told me something and he said it in a
• 1:39
  little bit of a different way that made it.
• 1:41
  Very, very clear regarding silver.
• 1:45
  He said nothing transfers electrons like silver.
• 1:49
  It transfers 100%. I didn't realize that.
• 1:53
  If you have point A and point B. And you want to send. 100% of
• 1:57
  the electricity from point A to point B the only the only.
• 2:02
  Way to do that is with silver, copper, copper.
• 2:06
  Maybe transfers? I don't know.
• 2:08
  I've heard different numbers, 90%. 95% of the electricity and
• 2:13
  the electrons that aren't transferred through the copper
• 2:16
  wire. Create heat, which again can
• 2:19
  create their own. Issues as well, I can't.
• 2:21
  Believe we're already doing 100? Thumbs Up.
• 2:24
  You get ten rings of the bell. This is the bell.
• 2:27
  Warning for those of you who don't like the bell, please.
• 2:29
  Hold your ears so silver transfers all the electric
• 2:38
  electricity, copper doesn't and loses some of the electricity.
• 2:44
  This is from. Lehigh University That
• 2:46
  prestigious university in Bethlehem, PA.
• 2:49
  If I have that correct, I believe one of my.
• 2:52
  Nieces went to school there. It's a high.
• 2:54
  End very sophisticated college. OK, I wasn't looking up Lehigh,
• 2:59
  but as I was doing research for this video I want to tell.
• 3:02
  You what? I stumbled across that was
• 3:05
  published by Lehigh University. It says.
• 3:07
  Silver has the highest electric electrical conductivity of any
• 3:11
  metal. In fact, silver defines
• 3:15
  conductivity. Now think about this in the.
• 3:18
  Context of the electronic green electric revolution that is
• 3:24
  sweeping the world right now. Silver defines conductivity.
• 3:29
  All other metals are compared against it.
• 3:33
  On a scale of zero to 100. Silver ranks 100 with.
• 3:37
  Copper at 97 and gold. You always hear people talk
• 3:41
  about, oh, gold is used in contacts.
• 3:44
  And no, gold only measures 70. 6:00 Because of this property,
• 3:49
  and because Silver doesn't spark easily, silver is commonly used
• 3:54
  in electrical circuits and contacts.
• 3:56
  Silver is also utilized in batteries.
• 3:59
  Where it's dependability is mandatory and weight
• 4:02
  restrictions apply. Such as those for portable
• 4:05
  surgical tools, hearing aids, pacemakers and space.
• 4:09
  Travel. Space travel.
• 4:14
  Somebody 's going to go into outer space in a little while
• 4:16
  here because they're going to have a.
• 4:17
  Very good Black Friday. As a matter of fact, they're
• 4:20
  going to. Win over 20 ounces of silver.
• 4:23
  Live tonight, right now, probably in about 16 minutes and
• 4:28
  three seconds. As long as I can zip my lips
• 4:30
  long enough. Thank you for all the thumbs up
• 4:32
  we're. Trying to get to 30,000
• 4:34
  subscribers. If you like, if you like
• 4:37
  camaraderie, If you like learning, If you love to talk
• 4:41
  about or hear about silver, gold, platinum, all those fun
• 4:44
  things, you're in the right. Place please subscribe to the
• 4:47
  channel. It's free.
• 4:49
  All my content is. Always free thanks to some
• 4:52
  wonderful sponsors like Pinbex, who made a big donation to the
• 4:57
  giveaway we're doing tonight, and 1st Mining Gold.
• 5:00
  They're a Canadian gold development company with over 13
• 5:03
  million ounces of gold in Canada.
• 5:06
  OK, Spring Pool in Ontario, Duparque and Quebec.
• 5:09
  Those are two of the largest development stage projects in
• 5:13
  Canada, both with over 5 million oz each.
• 5:15
  Check them out. Talk.
• 5:17
  To Paul Please Paul Morris. Call Paul his contact
• 5:21
  information. His e-mail address is in the the
• 5:24
  description. Of this video.
• 5:27
  So we're looking about silver. Yeah, we don't know.
• 5:29
  About our silver today, you probably.
• 5:32
  Felt pretty good about your silver, right?
• 5:34
  $24.50 an ounce, but he rumbled Louisiana.
• 5:38
  Gold guru that He's stuck by his call that.
• 5:42
  We're going to have $30 silver by Christmas.
• 5:44
  It could happen. Do you think it could happen if,
• 5:48
  uh oh? I lost the chat.
• 5:50
  Hold on here guys. Bear.
• 5:52
  With me, gosh darn it. Oh, here, restore chat.
• 5:56
  That was easy. If you think, If you think, hold
• 6:00
  on. If you think we can get. 2. $30
• 6:04
  silver by Christmas I want you to type Christmas in the chat
• 6:10
  and I put my money where my mouth is.
• 6:12
  I still think it's a possibility.
• 6:14
  I'd say it's about a 38.4%. Possibility, but Buddy rumbles
• 6:19
  sticking by his guns. And when we think about.
• 6:22
  Right. And we're just talking about the
• 6:24
  electrical side of silver. We're not even talking about the
• 6:27
  don't forget, because this is exciting.
• 6:30
  This better gets you excited. If you have a little stack of
• 6:33
  silver, this better gets you excited because what we're
• 6:35
  talking about is all the industrial.
• 6:38
  Uses of silver we're not even breaching.
• 6:42
  The subject of the monetary uses for silver and right the
• 6:49
  investment side. Those kind of go hand in hand.
• 6:52
  They're they're like, you know, pretty much the same thing.
• 6:55
  Guys. Look at the move.
• 6:57
  We had today people still there have been outflows in the West
• 7:01
  from any of the major silver investment vehicles including
• 7:06
  the silver mining stock, so. If we don't, Rick rule right the
• 7:10
  Crown Prince of Silver, him and Keith Neumeyer.
• 7:13
  Those are like in my mind, the big, the big names and silver.
• 7:16
  But Rick Rule's a brilliant mind, Rick.
• 7:17
  Rule said it himself. We don't need.
• 7:20
  Investors to love Silver. We just need for investors to go
• 7:26
  from and not. Us.
• 7:27
  I'm not talking about me and you.
• 7:29
  We don't hate it, but. We just need the general
• 7:32
  investment community to go from hating it to not hating it so
• 7:38
  much and guys. That's.
• 7:39
  And he said this and I agree with him.
• 7:41
  Thank you. Whoa, man, hey, positive vibes,
• 7:45
  you got. It.
• 7:45
  Thank you, Silver Slate, Silver State 2023.
• 7:49
  That's an awesome super chat. And I'm.
• 7:50
  Very appreciative. The big easy money, the easy
• 7:55
  money will be made in that. Move right?
• 7:58
  When when the sentiment that's called sentiment, right?
• 8:01
  That's the feeling when it goes from being hated to just being
• 8:05
  not. So hated.
• 8:07
  Again, it's like the one in 300 people.
• 8:09
  We always talk about my fellow basement dwellers when the one
• 8:12
  in 300. Goes to two.
• 8:15
  In 300 people, right? Right now we're.
• 8:17
  One in 300. But when we go to. 2 and 300
• 8:21
  when we have twice as many. People in the basement.
• 8:24
  The amount of money will be staggering.
• 8:27
  I won't digress. OK.
• 8:29
  Other. Big story of the week for Silver
• 8:32
  just on the. Solar side alone.
• 8:35
  I will repeat it one more time and then I promise.
• 8:37
  You, I promise you. And I promise you, Susie, I
• 8:40
  won't talk about it anymore. That's all I do is if you're
• 8:43
  married or you're in a relationship, you know,
• 8:46
  sometimes you talk about the same things and spouse gets.
• 8:48
  Tired of it? Well, I am.
• 8:50
  I am just. So excited this week about the
• 8:53
  solar possibilities. To me, that's the most tangible
• 8:57
  fundamental game changer for silver right now and as we move
• 9:04
  into the future. Because right now.
• 9:06
  Right now. Wherever you are, right where
• 9:09
  maybe you're going to win. Yourself over 20 ounces of
• 9:11
  silver tonight. No matter where you are in the
• 9:14
  world, there is more and more silver being consumed for solar
• 9:18
  panels. That's number one number.
• 9:21
  Two, the world that can agree on one thing, apparently.
• 9:24
  They're having this big COP 28 convention, China, everybody.
• 9:29
  Right #2, They're all agreeing here.
• 9:33
  Very likely in about four. Weeks and six days.
• 9:35
  They're all going to. Agree that we need to triple the
• 9:38
  amount of green energy capacity in the world.
• 9:41
  Boom. That's an explosion.
• 9:43
  What do you think that's going to do for the amount of silver?
• 9:46
  Being demanded by the solar panels #3 the cherry.
• 9:49
  On top is that these new solar panels being manufactured.
• 9:53
  Use more silver per panel. I can't.
• 9:56
  Stop. That's like a triple.
• 9:58
  That's like a confluence of. Joy for Silver investors and
• 10:04
  absolute confluence of joy. The other big story and I've
• 10:07
  been digging into this hydrogen fuel cells, I'm I'm.
• 10:11
  Still, I'm excited, OK? Because.
• 10:14
  Just on the surface, we had big news on a Toyota Motor Company,
• 10:18
  the SLAC? National Department of Energy
• 10:22
  Research Lab in, who else? Stanford University.
• 10:26
  Toyota is the biggest car manufacturer in the world.
• 10:28
  Stanford, Stanford in the Department of Energy.
• 10:31
  Slack. Whatever that is, I don't really
• 10:33
  know, but they all. Three have come out with this
• 10:36
  new invention or discovery. They figured out a.
• 10:41
  Way to substitute platinum in hydrogen fuel?
• 10:46
  Cells with silver. OK.
• 10:49
  And hydrogen fuel cell powered cars, they are a thing right
• 10:53
  now. They're in California, right?
• 10:55
  Toyota actually makes a hydrogen fuel cell powered.
• 10:58
  Car, this is not science fiction, Pat Pat Holland told
• 11:02
  me. Earlier.
• 11:03
  That's how they got some of the rocket ships to the moon.
• 11:05
  Or whatever was with hydrogen. That's real.
• 11:08
  I've been studying it. I'm not so sure there's some.
• 11:12
  Debate about the actual if you go through the whole cycle,
• 11:16
  carbon footprint, but none the. Less hydrogen fuel cells, you
• 11:20
  know, that's a real hot subject in terms.
• 11:24
  Of its ability to power. And basically, I don't know,
• 11:27
  they take hydrogen. They separate the atoms and then
• 11:31
  the electrons go, you know, kind of get.
• 11:33
  Diverted, they make electricity, but then the.
• 11:36
  Car it's got, it's like it's own little power plant, right?
• 11:39
  And that electricity is used to power an.
• 11:42
  Electric motor. So it's basically an electric
• 11:44
  car, but instead of having a giant battery, that needs to be
• 11:48
  charged. Up, It's got a little power
• 11:51
  generator and then it has a. Little battery where they can
• 11:54
  store excess energy and when the car.
• 11:56
  Breaks anyway. It's very interesting.
• 11:58
  We'll see where that one goes, but it it minimum.
• 12:01
  It's a big deal. Impossible game changer.
• 12:05
  This this new discovery that they can use because.
• 12:09
  Silver right now is a. Fraction of the price of
• 12:13
  platinum, OK. The other big story OK, I'm
• 12:18
  going to go. Back to Rick Rule guys.
• 12:21
  We, you, we, we have suffered. The Comex and the LBMA have
• 12:26
  manipulated the price of gold. Do you feel it?
• 12:29
  I mean, have you? Have you felt that frustration?
• 12:31
  Manipulated. The price of silver for years
• 12:33
  and years. I heard Rick rule say this, he
• 12:36
  said. Without a doubt the silver
• 12:40
  market, right, the gold market. I'm sure he was talking about
• 12:43
  that as well, but the silver market?
• 12:44
  I got news for you. It's been manipulated over the
• 12:48
  years, OK? But he brought up a point that I
• 12:52
  don't think any of us have ever. Thought of OK, think about it.
• 12:58
  These, these traders, these guys that have manipulated.
• 13:01
  The price of silver over the years.
• 13:04
  They don't care which direction the price goes.
• 13:07
  What they care about is making money in the.
• 13:11
  Path of least resistance for the last 20-30 years generally was
• 13:14
  to manipulate the price down. Now we're in a new world.
• 13:19
  We're in a new. Era.
• 13:20
  Do you feel it? You know what?
• 13:22
  I'm gonna ask you one more time to put a comment.
• 13:25
  Do you feel like we are entering into a new?
• 13:29
  Era for the precious metals A new paradigm, right?
• 13:34
  A new set of macro world circumstances that are coming
• 13:40
  together creating a confluence of factors.
• 13:43
  That will be supportive. For the precious metals price,
• 13:45
  Now we can dig into all the details.
• 13:47
  I'm not going to pull up my cup and handle.
• 13:49
  Chart and bore you guys with that again, I'm not going to
• 13:52
  pull out the chart of the US dollar to.
• 13:54
  Show you that where the. U.S. dollar sits right now is on
• 13:58
  A. Historic basis over the last 50
• 14:01
  years very high and that most likely the again the.
• 14:05
  Path of light least resistance is.
• 14:07
  Down, but we have a confluence. Of factors that have created a
• 14:11
  new era for the metals. But what does that mean in terms
• 14:16
  of price manipulation at the LBMA in the Comex?
• 14:20
  What does that mean? But do you think that we're in a
• 14:23
  new? Era.
• 14:24
  If you do type era or ERAER A man, you might be as old as me
• 14:30
  when I type that. I don't know if that thing came
• 14:33
  into my mind. Equal Rights Amendment.
• 14:37
  I was born in 1970. ERA.
• 14:40
  Hey, Snakebite, good to see you. Definitely.
• 14:42
  Hey, you know what, guys? One more time, we.
• 14:45
  Got over 350. People here on a Saturday night,
• 14:48
  silver and gold enthusiast, OK? Eight is great Type 8 for the
• 14:54
  moderators because they are doing a.
• 14:56
  Great, great, great. Great job.
• 15:00
  The path of least resistance now that we're in this new era going
• 15:05
  into the next. Decade, let's say, will be to
• 15:09
  the upside and the. Traders, they don't care.
• 15:12
  The manipulators. I'm telling you, they don't.
• 15:15
  Care. All they care about is making
• 15:17
  money, and when they start to sniff that, they can make more
• 15:21
  money by manipulating. Silver and or gold to the
• 15:25
  upside. You better believe in a in a.
• 15:27
  2nd They'd rather go along on things anyway.
• 15:31
  That they will do what they need to do to push that price higher.
• 15:37
  It's going to be a. Very, very interesting scenario
• 15:40
  as we move into this coming, I'll even say.
• 15:45
  Year. I think 2024 is going to be
• 15:47
  crazy and I'm going to share with.
• 15:49
  You a little bit. Some notes I took from a
• 15:52
  conversation I had with a. Let's say a senior level person
• 15:57
  who works in the banking industry and it's downright
• 16:01
  scary. But what?
• 16:02
  Do you guys say we do the giveaway?
• 16:04
  Let's do the giveaway. Look, we just covered.
• 16:07
  We just covered the bright prospects for the silver price
• 16:12
  and we only touched on a little bit, I'm telling you.
• 16:15
  This solar stuff, oh, cowbell. Susie's yelling at me.
• 16:19
  Cowbell. OK, I'm going to ring the
• 16:21
  cowbell. Let me, let me.
• 16:22
  Let me finish. What cowbell.
• 16:25
  I know I heard you, sweetheart. Thank you this the solar thing
• 16:33
  is, my gut tells me is going to be.
• 16:35
  Absolutely crazy this year, the Silver Institute says they're.
• 16:39
  Going to use 160 million oz. Most people are saying 180 or
• 16:44
  200 million oz. This COP 23, they're going to
• 16:47
  triple the amount of. Already installed not just this
• 16:51
  year, but all throughout history.
• 16:53
  All the solar panels that were ever installed.
• 16:56
  Right. The new panels, I mean, can you
• 16:59
  wrap your head around this? I'm John Little.
• 17:02
  I think as video's out, I did. You know, John?
• 17:04
  Little, right? The Silver guru, OK, he writes.
• 17:08
  He's got a sub stack. What is it?
• 17:10
  Hold on. Where did I put it?
• 17:12
  Darn it. Well, you can look it up in that
• 17:13
  video. He he he's saying he, he said.
• 17:17
  You know it could happen by 20282030.
• 17:20
  And what he's talking about. Is the potential for the world
• 17:24
  to run out of? Silver, it's just absolutely.
• 17:27
  Crazy. Let me ring the cowbell.
• 17:28
  This is your 3 second warning. Hey, thank you.
• 17:31
  Daniel, here we go guys. OK, since I don't have a Vanna,
• 17:41
  White and Susie never has come running downstairs when I ring
• 17:45
  the. Bells, I got to do this all by
• 17:47
  myself. Well, not really, because you're
• 17:49
  with me. But Please be patient with me.
• 17:53
  I want to show you everything that you're possibly going to
• 17:57
  win here in just a few seconds, so let me grab I put it on a.
• 18:00
  Special black tray that happens to say Wendy's on the bottom of
• 18:04
  it. I don't know where it came from.
• 18:11
  Hold on, I'm going to get you a better.
• 18:13
  View before I forget, we're going to include.
• 18:16
  A copy of this book 925. Thrift by Our Good.
• 18:20
  Friend RE gold. I read this book.
• 18:23
  It's a very interesting take on silver, and you can get it on
• 18:27
  Amazon 925 Thrift by the very interesting full of a ton of
• 18:33
  information about silver. But also how?
• 18:35
  You can look for silver like Thrift.
• 18:37
  Shops Grandma's Attic. All that stuff.
• 18:39
  You ever? Wonder about like sterling
• 18:41
  silver. All that crazy stuff.
• 18:44
  Also, there's a couple. Buttons in there.
• 18:46
  So let me see if I can get this up and show it to you and then
• 18:50
  I'll read through the you can kind of see it.
• 18:52
  Hold on here. Guys, that's what you can win.
• 19:01
  OK, Tonight, right now, some gold backs.
• 19:05
  There are two Ron's basement pins in there, and there's a 10
• 19:10
  oz bar from pin backs. Let me run through the list,
• 19:12
  I'll do it very quickly and then we'll do the drawing.
• 19:15
  So I'm going to put. All of this back here.
• 19:23
  I'll look at those gold backs flapping in the wind.
• 19:25
  OK, pin backs channel. Sponsor donated A10 oz Angle
• 19:29
  heart bar. Angle Heart Bars are becoming
• 19:32
  collectible. It's a 10 oz.
• 19:34
  Silver. This is all silver unless I say
• 19:38
  otherwise. I donated 2 S African
• 19:42
  Krugerrands, one of which was a regular.
• 19:44
  Made regular appearances on the show.
• 19:48
  I'm sorry I Thought that was funny.
• 19:50
  Britannia 1, Britannia 1. Canadian Hawk. 1 1/2 oz Silver
• 19:55
  coin Mountain Bullion Entertainment OK, they know they
• 19:59
  donated 1. Phil Harmonic, our friend Brian
• 20:02
  go check out Mountain Bowling Entertainment.
• 20:04
  He's the greatest guy, a big advocate for Silver and and a
• 20:09
  great friend of Ron's basement. Coin Shop Chris Donated 5 Silver
• 20:14
  quarters one. Silver half dollar and three
• 20:17
  wheat pennies and those silver quarters and a half dollars are
• 20:21
  were are like constitutional. Silver, Jim.
• 20:24
  M who's a moderator. So is Coin Shop, Chris.
• 20:29
  Actually kicked this all off. He called me and said I.
• 20:31
  Want to donate some silver? For you to give.
• 20:33
  Away he sent 5 Buffalo rounds, one ounce rounds, and one one
• 20:39
  ounce Christmas bar. Our friend Adam at Alpine Gold,
• 20:42
  New Hampshire donated 1 gold back from each state from which
• 20:47
  they make gold. Backs We got the book.
• 20:50
  We got the. Buttons.
• 20:51
  Let's get to. The giveaway.
• 20:53
  OK, so oh boy. Hold on here, guys.
• 20:59
  Bear with me. Bear with me.
• 21:04
  Minimize. OK.
• 21:07
  All right, so I use. This program see if you can see
• 21:12
  that called. Pick a winner dot Co I want you.
• 21:18
  All to see this so you know what's going on.
• 21:20
  All right, so I put in. The URL from the YouTube video,
• 21:28
  that's. The giveaway video where you
• 21:30
  guys all entered. OK, it ends with what you can
• 21:35
  look up. If you want 9S and I got to
• 21:39
  paste it, hold on here. Paste all right.
• 21:42
  There it is. So that's the video URL.
• 21:50
  Now it's going to fetch all the comments and I'm not going to.
• 21:56
  Allow replies and I am not going to allow duplicates.
• 22:00
  Oh, and we're going to type in there a custom filter?
• 22:09
  No, not that we're going to type in a I'm sorry.
• 22:12
  A keyword filter and it has to have the word pin backs because
• 22:18
  that was in the instructions. OK.
• 22:22
  So there you go. So you see what's going on.
• 22:26
  OK. And then I press continue and it
• 22:35
  loads up all the comments, see it loading them all up, still
• 22:43
  loading. OK.
• 22:46
  So we have 700 comments like the video had about 800.
• 22:50
  All together but 700 comments that we did not allow.
• 22:55
  Duplicates OK, and it had to have the word PIN backs.
• 22:58
  Now I'm going to pick the winner.
• 23:00
  Now let me get. This up here.
• 23:03
  See if you guys can see it. Hold on here.
• 23:12
  OK, are we ready? Pick a winner.
• 23:15
  I didn't type my finger here. There's our winner.
• 23:22
  I don't even see who it is yet. The winner is.
• 23:27
  Will Cusimano, congratulations. Will you have 96 hours Will to
• 23:35
  send me an e-mail? OK, when Will sends me an
• 23:38
  e-mail, I'll then send him. A5 digit code that he will need
• 23:44
  to put underneath his comment to confirm that it's actually will
• 23:48
  Cusimano so we avoid any monkey business going on.
• 23:52
  So congratulations Will, looks like a nice.
• 23:56
  Guy, he says his. Comment that got picked says
• 23:59
  Thanks, Pinbex and Ron, love your content.
• 24:03
  Thank you for the education. Well, thank you.
• 24:05
  OK. All right, here's here's what
• 24:09
  Things aren't looking good in the US economy.
• 24:12
  And when things don't look good in the US economy, you don't
• 24:15
  know how scared the Fed is right now.
• 24:19
  I had a very interesting conversation.
• 24:21
  I had a very. Very interesting conversation
• 24:23
  with someone who, like I said, is a.
• 24:25
  High level person at a financial service institution.
• 24:28
  I'll leave it at that and I took some notes.
• 24:31
  Afterwards and I want to share these with you.
• 24:36
  This was my take away. This that we really could be at
• 24:39
  the near the end of the current system that we're having big
• 24:44
  major shifts going on right now. We can feel it.
• 24:48
  Can you not feel it? I can feel it.
• 24:50
  I mean we can feel it here in the United States.
• 24:54
  You can feel big, big changes going on.
• 24:57
  The banking crisis is not over, OK.
• 25:00
  Especially especially since the. Fed has these rates higher and
• 25:05
  according to people I've been talking to, higher for a longer,
• 25:10
  if they even keep. The rates, where they are right
• 25:12
  now, we are going to see big trouble in the banking system
• 25:15
  because I love this line. There's a lot of hidden trash, a
• 25:19
  lot of hidden garbage in the banking system, commercial real
• 25:23
  estate, bond portfolios. Credit card debt that they're
• 25:28
  holding that. People aren't able to pay
• 25:31
  student loan debt that's being held.
• 25:33
  That people, there's just a ton of garbage in these darn banks.
• 25:38
  I'm telling you now, I'm, I'm, I'm an accountant by.
• 25:41
  Trade. I understand accounting.
• 25:43
  These banks are getting away with Disneyland accounting and
• 25:47
  they've been doing it now for a number of years and we're going
• 25:50
  to get to that in a second. Well, because the system really
• 25:55
  died in 2007. Really not 2008. 2007 was when
• 26:01
  everything. Really fell apart and I'm
• 26:04
  telling you they never cleaned up the mess.
• 26:07
  They papered over it. They did the easier, softer way
• 26:12
  and now it's all coming back to get us OK.
• 26:16
  The public is clueless. That's a big, big take away that
• 26:20
  we're getting the public is asleep and clueless.
• 26:24
  OK. Thank you, Abram Taylor for
• 26:25
  that. Nice message just popped up.
• 26:27
  Good to see you, my friend, and I think our friend.
• 26:30
  Pat Holland may be here as well. Hey, you guys are awesome.
• 26:34
  But the the public, it's it's easy.
• 26:37
  Do you ever feel, I mean, you know, we don't want to?
• 26:41
  Be like cynical or negative. Or we're just kind of realist.
• 26:45
  But sometimes. You feel like because?
• 26:47
  Everybody else is just kind of like, hey, everything's fine.
• 26:51
  Everything's good. Everything's wonderful.
• 26:53
  Be happy. What's wrong?
• 26:55
  Don't be. Don't don't ask questions.
• 26:57
  Don't worry about the national. Debt.
• 26:59
  Don't. Worry about the the world
• 27:01
  bifurcating like ever before. Everything's always great.
• 27:04
  The stock market always comes back.
• 27:06
  That's the one that always gets me.
• 27:08
  The stock market always comes back.
• 27:10
  Oh, really? Really.
• 27:12
  OK. No, that's not the case.
• 27:14
  Anyway, I digress. OK, but here's the interesting
• 27:18
  thing that this guy said, he said by the.
• 27:20
  Time, so everybody's asleep. Everybody's in La La land,
• 27:24
  right? The land of Unicorn.
• 27:26
  Fart dust. Right.
• 27:27
  Everything's good right? By the time the public.
• 27:31
  Wakes up, it's going to be too late for them.
• 27:34
  It's going to be. Too late.
• 27:35
  The people that now are preparing right and and we don't
• 27:40
  know and I don't. Have a crystal ball, so I could
• 27:43
  be wrong, but the people that are preparing now are the ones
• 27:47
  who are going to. Have what everybody else is
• 27:50
  going to want, right? You're you're like you're like a
• 27:53
  guy who on you know in in January of 2019 I'm sorry 2020
• 28:01
  went out and stocked up on toilet.
• 28:03
  Paper before that whole thing happened.
• 28:05
  I mean, bad analogy, I'm sorry, but nonetheless, you're the guy
• 28:10
  or woman, right? We've got a lot of new lady
• 28:13
  stackers. That are here with us, it's
• 28:16
  preparing now and by the time. Everybody else wakes up.
• 28:19
  It's going to be there now. This was music to my ear.
• 28:23
  OK, we've got two things going on.
• 28:25
  We have escalation. That's a big.
• 28:27
  Word. That's the E word.
• 28:29
  OK. Escalation and frequency of
• 28:34
  things that are going bad, right, Monetarily in the
• 28:38
  financial system, geopolitically in the world, right.
• 28:42
  Have you noticed that there's an escalation and an increase in
• 28:49
  frequency? All right, pace of change faster
• 28:53
  and. Bigger the bricks, right?
• 28:55
  That whole thing. The Petro.
• 28:56
  Dollar. I mean, I don't want to.
• 28:59
  Bore you guys but the Petro dollar?
• 29:01
  Is a massive, massive thing. The fact that the Petro dollar
• 29:06
  has disintegrated, don't forget. The President of the United
• 29:09
  States went to Saudi Arabia and got snubbed.
• 29:13
  They. Basically, wouldn't even meet
• 29:15
  with them. We know what happened when.
• 29:18
  Chinese President Xi was just here not too long ago.
• 29:21
  So things are falling apart. Quicker and quicker.
• 29:24
  The system so delicate, the system so fragile, and what I'm
• 29:28
  hearing. Is that, yeah, sure.
• 29:30
  On the surface, they're always going to say everything's great.
• 29:33
  But the Fed is freaking out, OK. They want to maintain.
• 29:37
  Their job is to maintain. Public confidence?
• 29:40
  Think about. That.
• 29:41
  Think about it right the. Whole Fiat paper money system is
• 29:46
  based on nothing more than make, believe, mental energy,
• 29:51
  confidence. Show me.
• 29:53
  What? The dollar is backed by you.
• 29:55
  Can't right? So their whole job is to
• 29:58
  maintain confidence in the system and they will do.
• 30:05
  Whatever it takes, they will say.
• 30:08
  Whatever it takes to maintain that confidence now.
• 30:11
  I don't know this. You know, I maybe, maybe
• 30:14
  Jerome's not freaking out. But it sure.
• 30:17
  Looks like and from the SMART. People that I listen to that
• 30:21
  that's what's going on, OK? People are saying also I didn't.
• 30:27
  Say this, but people are saying that they always need a.
• 30:30
  Crisis to scare people, right? So if they want to, if they want
• 30:34
  to, If they want to want to want to want to make big changes to
• 30:38
  the system like. Maybe CBDC's or they want you
• 30:43
  know big massive changes to occur that the.
• 30:46
  Best way to do that is under the.
• 30:48
  Cover of a big, big crisis. So people are scared because
• 30:54
  when people are scared and you give them an option, that isn't
• 30:57
  AS. Scary as what they think they're
• 30:59
  facing, they're going to be OK. Fine.
• 31:02
  Yeah, yeah, I know that's a great idea.
• 31:03
  Let's. Do that.
• 31:04
  Let's do that. OK.
• 31:06
  We're we've been in this debt driven consumer spiral and the.
• 31:12
  Party is over. And it's not just on the
• 31:14
  consumer side, it's on the government that.
• 31:17
  Side as well. I was just reading right before
• 31:20
  I came on. That, like last year, our
• 31:22
  government. Used 1/5 of all the money that
• 31:26
  came in OK. Think about this, 1/5 of all the
• 31:31
  money that came in to the US government was spent on interest
• 31:37
  paying interest in debt that that the United States own.
• 31:41
  One that that means every dollar you paid in taxes.
• 31:44
  Right. Every $5 you paid the government
• 31:47
  in taxes easier. Way to think about it.
• 31:50
  One of those dollars. Had to be used to pay somebody
• 31:53
  interest. It doesn't get anything for you.
• 31:56
  It doesn't get anything for our country, OK?
• 31:59
  It goes to pay interest from previous money that had been
• 32:02
  borrowed so. If we think about why, we hold
• 32:09
  on to the metals, why? We believe in investing in
• 32:14
  silver and gold. Yeah, sure, you may feel.
• 32:16
  Crazy. A little crazy from time to
• 32:19
  times. Right, my, my, my good friend
• 32:23
  Oren from the Silver Hermit. He's like, you're not.
• 32:26
  Crazy Ron. You're not.
• 32:27
  You know you were. We aren't crazy.
• 32:30
  What's crazy is what's going on in the stock market, what's
• 32:34
  going on in the real estate market, what went on and is
• 32:38
  going on in the automobile market, what's going on with?
• 32:41
  Credit card debt, Right? What's going on with student?
• 32:44
  Loan debt. That's what's crazy, right?
• 32:47
  If you're a person who's trying to minimize.
• 32:50
  Your debt and to own as many. Real assets have a portion or a
• 32:54
  part of your net worth invested in.
• 32:56
  Real hard. Assets because when you look at
• 33:00
  what's going on, you know, if you know.
• 33:02
  How to? Operate a calculator.
• 33:04
  You get high blood pressure when you look.
• 33:06
  At that stuff, hey, you know. It.
• 33:09
  It. It.
• 33:10
  That's why you want to own that. We're almost to 300.
• 33:13
  Thumbs up I. Can't believe it.
• 33:14
  Hey guys please. Thumbs up.
• 33:16
  What am I forgetting here? I'm forgetting something.
• 33:18
  I used to have a little list I kept around here.
• 33:21
  Oh, where'd my? List.
• 33:21
  Go. Hold on, man.
• 33:23
  Everything's falling apart, darn it.
• 33:27
  Don't. Forget to go to WWW dot ron's
• 33:30
  basement.com 20. 4 hour a day chat room where you can connect
• 33:35
  with other basement dwellers Ron's basement.com OK, can we?
• 33:41
  Get Yes, everyone wants to hear the gong at 300 likes.
• 33:46
  OK, who's who's telling my daughter's yelling at me now?
• 33:50
  First my wife yells at me from upstairs.
• 33:52
  Now, my daughter, OK, I'm going to ring the gong.
• 33:57
  Ring the gong for 300. Likes you.
• 33:59
  Got it guys. That's what you want.
• 34:01
  This is your. Show that's what you get.
• 34:07
  OK, here we go. I really appreciate you being
• 34:13
  here. Three rings of the gong, 1 ring
• 34:24
  of the gong for each 100. Thumbs up, huh?
• 34:27
  We ring the gong. So don't feel crazy, you know?
• 34:33
  Don't feel crazy. It's it's easy to feel crazy,
• 34:39
  but I'm telling you when the. Pendulum swings back the other
• 34:43
  way. And it's happening right now,
• 34:47
  right? Listen to people like Lynette
• 34:49
  Zang. Listen to people like Andy
• 34:51
  Schechtman. Listen to people like Chris
• 34:53
  Marcus, listen to a lot of different people come up.
• 34:57
  With your own ideas, formulate your own thesis about what's
• 35:02
  going on. But I'm telling, I'm telling
• 35:04
  you, in my opinion, we are not crazy.
• 35:07
  The pendulum is swinging. I think 2024 could could wind up
• 35:13
  being a real banner year. Because you know why?
• 35:16
  Because of the S word stagflation, right?
• 35:19
  We're Our economy is stagnating right now.
• 35:24
  I got to be honest, I went to Target today, you know, I've.
• 35:27
  Shared with you. Guys, I don't know how you feel
• 35:29
  about it, but I don't like. Going to those big box stores
• 35:33
  and it was a madhouse. But you know the other thing I
• 35:36
  noticed? Besides prices being so high,
• 35:40
  how much cheap stuff? I almost said the C word, how
• 35:43
  much cheap stuff there is now. Everything seems so cheap.
• 35:47
  I was at Target and then I ran through Dick's.
• 35:49
  Sporting goats for a second. I'm like everything's very
• 35:51
  expensive and very cheap anymore.
• 35:54
  We're we're coming to a point guys, where it is going to be.
• 35:58
  Very, very interesting and I think.
• 36:02
  A good way to say it is. Is that we've got the the hens
• 36:06
  coming home to roost. And don't forget, we have all
• 36:14
  time high. For gold all over the world
• 36:18
  right now, the only place we don't have an all time high.
• 36:21
  For the gold price has been in the United States.
• 36:24
  Right with the US dollar and it's coming.
• 36:27
  Right, it is coming. All those things balance out.
• 36:31
  Right. And so the reason why?
• 36:33
  Think about I want you to. Think about this, the reason why
• 36:36
  gold is at all time highs and and Japanese yen and Chinese
• 36:41
  Yuan and and and I believe Canadian dollars.
• 36:45
  All over the world, it's at one point or the other than 2023.
• 36:49
  Gold is at. Was because the dollar was so
• 36:52
  strong the. Dollar so strong, such a great
• 36:56
  currency. Strong currency, remember, and
• 36:58
  I'm not. Going to show you the.
• 36:59
  Chart Remember, the dollar has only been up in this level.
• 37:06
  A handful of years in the last. 50 years, so when that?
• 37:11
  Starts to equal out right when the dollar.
• 37:15
  And how can the? Are you kidding me?
• 37:18
  I mean if you looked at the numbers, how can the dollar be
• 37:22
  strong or considered to be strong?
• 37:25
  That that pendulum, right? It's a seesaw.
• 37:27
  When it starts to go back down, that's when we get to $2100
• 37:32
  gold. And who knows?
• 37:33
  Who knows? What do you how?
• 37:35
  Who know? Who knows how high gold will go
• 37:37
  within two months after it hits 2100?
• 37:41
  Congratulations again, Will Cusumano.
• 37:44
  Hold on here. I lost.
• 37:45
  This. Did I lose everybody?
• 37:47
  Can you guys? Still hear me?
• 37:49
  Hello. Hello.
• 37:51
  Oh no, oh, oh, oh shoot. Let me go back.
• 37:55
  Here, see if I can. Hello.
• 37:58
  Wow, look at all that. OK, once gold hits 2100 and that
• 38:05
  could happen before Christmas, it can happen.
• 38:10
  Don't doubt it. And you?
• 38:13
  You might you might not agree with me.
• 38:16
  You may think that I'm. Absolutely crazy, but I said.
• 38:19
  Hey, thank you, B Dog. Wow.
• 38:23
  Look at that guy. That's a cute dog.
• 38:26
  I love dogs. I want Buddy Rumble to get his.
• 38:28
  Big Dog chief on my next video with him.
• 38:31
  Thank you though. I love that's a cool dog.
• 38:33
  Looks like a nice dog when we get to 2100 within two months.
• 38:39
  What do you think? The price of gold will be and
• 38:42
  I'm going to put my money where my mouth is and I.
• 38:46
  Believe it. And I believe that like more
• 38:49
  than anything. It's a bear.
• 38:51
  Oh, hello. Awesome.
• 38:54
  B Dog Yes, thank you. Quench up Chris who thinks he's
• 38:58
  on The Price is Right. He says 26 O one, yeah.
• 39:03
  Quench up Chris. Tireless Effort 20 601-3000.
• 39:08
  Wow. Yeah.
• 39:10
  Thank you, Jim. Hey.
• 39:11
  Good to see you, Jake. Sassy Silver the Blunt.
• 39:15
  Yeah, that's right. Don't forget guys, I don't talk
• 39:19
  about it much anymore. The.
• 39:21
  Story behind the Big Bear. Right.
• 39:23
  Besides, my daughter's convincing me to buy it for $5
• 39:27
  at a garage. Sale when they were little.
• 39:28
  Girls, I got a picture of it. I put it up on the.
• 39:30
  Community tab before, but anyway.
• 39:32
  That bear has a blindfold on that says $2500 when gold hits
• 39:36
  $2500. He's free and I'm going to take
• 39:39
  off his handcuffs as well and there's going to be a big.
• 39:42
  Party. I mean with celebrities and
• 39:45
  maybe even you, right? We're going to have a massive
• 39:49
  party when gold hits $2500. Same is true for Smitty the
• 39:54
  Silver Bear, right? He's $85 an oz and we got the
• 39:58
  platinum bear there too. He's a 2500.
• 40:01
  It's going to be. A really crazy crazy scenario.
• 40:10
  And and I and I'll tell you, can you am I crazy?
• 40:17
  OK. If I am please, you can just say
• 40:20
  it right there. In the in the in the chat.
• 40:22
  That's fine. I'm.
• 40:23
  I'm fine with that. But I can't get over.
• 40:27
  Everything that's going on, OK, everything that's going on out
• 40:32
  there right now. All the all these factors.
• 40:36
  Think that that this is the best.
• 40:38
  This is music to your ear. Well, I hope this is music to
• 40:41
  your ears. You want to hear you?
• 40:42
  Want to hear something? Good and positive and happy.
• 40:45
  If you're a silver and gold investor, OK, When gold gets
• 40:51
  we're over 2. $1000 in the spot price Hello.
• 40:56
  Is that news to you? No.
• 40:57
  You probably looked through the gold price.
• 40:59
  Today we were. We closed over $2000 per oz.
• 41:03
  Guys, we don't have that much further to.
• 41:05
  Go to get to a new all time high.
• 41:07
  But what is insane does this does?
• 41:10
  This, not this, will. Drive you crazy?
• 41:12
  What's insane is that the gold price.
• 41:16
  Measured in U.S. dollars is doing that in an environment
• 41:20
  where it's sentiment towards precious metals and the and the
• 41:25
  precious metal mining stocks in the West is at near all time
• 41:28
  lows. Now are you wondering?
• 41:31
  Why is that good news? Why is that good news?
• 41:34
  Because I use this analogy with you all the time, but if you
• 41:37
  and. I went out.
• 41:38
  For a jog if, we were if. We went.
• 41:40
  Out for a five mile jog, getting training for whatever.
• 41:43
  And we ran into a 20 mile an hour wind blowing in our.
• 41:47
  Face and we set a record right for our training.
• 41:51
  Time running with that wind in our face.
• 41:54
  That's what Gold is gonna do, right?
• 41:57
  If it gets. To a new.
• 41:58
  All time high and sentiment stays where it is.
• 42:02
  And then what's going to? Happen.
• 42:04
  Is that wind? Is going to die.
• 42:05
  Right. Like, how fast could we run if
• 42:07
  we? Weren't running into a 20 mile
• 42:09
  an hour wind and that is what is going to happen for Gold when it
• 42:14
  gets to a new all time high when it's on the cover of Newsweek.
• 42:17
  When it's on the front page of the Wall Street.
• 42:19
  Journal and sentiment improves. OK.
• 42:23
  And the wind? Dies.
• 42:24
  At that point, we're already we've already built this base.
• 42:29
  Right at 2:00. Thousand at 2100.
• 42:31
  That's why I'm saying that little shift in sentiment, that
• 42:34
  little extra boost is what's. Going to throw the the silver
• 42:39
  price and gold. Price into a territory.
• 42:41
  That, that probably to most of us.
• 42:44
  Feels like can never happen, you know?
• 42:47
  I mean, look, look, look. You know, we talk if we.
• 42:53
  Talk about if we talk about gold at 8000 or gold at 5000, people
• 43:00
  say we're crazy. Right.
• 43:02
  I to me $100 silver, $8550 silver.
• 43:07
  Right. But people think we're crazy.
• 43:09
  OK, look, why is it so crazy? Now the one the the another
• 43:16
  thing. This is another another
• 43:18
  breakthrough idea that like people just.
• 43:21
  Can't it? That won't sink in.
• 43:23
  Why is it so crazy? Now that we're talking about the
• 43:27
  gold price, let's say it go. Up goes Sam.
• 43:29
  Let's. Say I Come on here.
• 43:30
  How? What do you?
• 43:31
  Think the reaction would be. What would your reaction?
• 43:33
  Be if he said. I think gold's going to $8000
• 43:36
  like, oh, he's nuts, right? Our silver's going to go to 120.
• 43:41
  No, he's nuts. Right.
• 43:43
  That never could happen. No, Could never go.
• 43:45
  Well then I have a question. Why did even drastically more
• 43:52
  extreme price increases occur during the 1970s and and?
• 44:02
  You. Think things were screwed up
• 44:04
  then in our country? Things on many different levels,
• 44:09
  both geopolitical. The two biggies that impact the
• 44:13
  price of the metals. Geopolitics.
• 44:15
  And the monetary and. Fiscal situation in this country
• 44:20
  are multiples worse. Now than they were in the 1970s.
• 44:26
  So why? Why?
• 44:27
  Is that such a such a crazy idea to say?
• 44:32
  That gold's going to, and I'm going to say.
• 44:33
  Gold. 'S going to 8000.
• 44:34
  Dollars. Am I crazy?
• 44:36
  You know what? I'm going to put my money where
• 44:39
  my mouth is. I'm going to say I'm not crazy,
• 44:43
  but of course I think I'm not crazy.
• 44:45
  You know. Roll Tide, yeah, yeah.
• 44:50
  When we were in the Yeah, people in the in the South love college
• 44:54
  football. There ain't no doubt about it.
• 44:56
  Go spend a week in Alabama. Oh.
• 44:58
  My gosh, buy some Ding Dongs for Chris.
• 45:03
  Wow. Thank you CWL.
• 45:05
  PFOC man. How many how many Ding Dongs
• 45:09
  should I buy them? They're $0.35 each.
• 45:13
  Thank. You That's an unbelievable nice
• 45:16
  super chat, man. Thank you.
• 45:17
  Thank you. Just a little crazy, yeah.
• 45:20
  Well, I'll take that Daniel. And I can't say that I don't
• 45:24
  100. Percent agree with you.
• 45:26
  CWLPF OC that's. Unbelievably nice, the Super
• 45:31
  Chat you gave us. But the do you understand the
• 45:34
  the idea that like? If silver could do that during
• 45:39
  the 70s. When granted, things were
• 45:41
  screwed. Up.
• 45:42
  OK, things were definitely screwy in this country during
• 45:45
  the. 70s but we are multiples more screwed up now.
• 45:50
  Why couldn't we have as big or possibly, possibly?
• 45:55
  Even greater returns for the precious metals and if silver,
• 46:01
  more specifically gold. Can get to a new all time high
• 46:05
  in the face of such all these pressures.
• 46:10
  Pushing down on it, interest rates going higher right the.
• 46:16
  Outflow that that if we can get to a new.
• 46:19
  All time high in that environment?
• 46:21
  When those? When those?
• 46:22
  Factors shift and the wind shift.
• 46:26
  Why can't we have crazy high silver and gold prices?
• 46:30
  Hey, guys. Thank you.
• 46:31
  OK. Thank you for being here.
• 46:33
  Again, thank you to our. Friend, fellow basement dweller
• 46:37
  thank you for the Super chats. Wow, I don't know what to say.
• 46:42
  Will Cusimano make sure you send me an e-mail?
• 46:45
  Again, I'll send you a code you. Put that underneath your
• 46:48
  comment. And I will get the silver.
• 46:51
  And all this stuff, the books, the.
• 46:53
  Pens, everything all shipped out to you.
• 46:54
  Hey guys, have a great rest of your Saturday.
• 46:56
  Night. I can't thank you enough.
• 46:59
  I can't thank all the moderators enough.
• 47:01
  This community is awesome. 400 of us on a Saturday night and
• 47:06
  you know, we're a good, strong group of people and we'll hang
• 47:11
  together. Don't forget you always have
• 47:13
  friends here in Ron's basement. This is not Ron Tube, it's
• 47:17
  YouTube. So it's your.
• 47:19
  Channel and I'm glad you're here.
• 47:21
  I'll see you soon. Thank you.