Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 ALERT - THIS Proves it! - PREDICTION for SILVER (AUSTRALIA, CANADA & JAPAN)

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🚨 ALERT - THIS Proves it! - PREDICTION for SILVER (AUSTRALIA, CANADA & JAPAN) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  We have big reasons to be optimistic and some key points
• 0:03
  we're going to talk about as to why the silver price can go much
• 0:07
  higher. Let's go back to this chart and
• 0:09
  I will show you what I'm talking about.
• 0:12
  Again, let's change colors so it's a little more obvious.
• 0:17
  This is in Canadian dollars per oz silver price.
• 0:22
  OK, As you can see over here, in Canadian dollars, the silver
• 0:27
  price is now right around $50 per oz.
• 0:32
  However, it gets even more interesting and we're going to
• 0:36
  come back. Do you see something on this
• 0:37
  chart that gets you very excited?
• 0:40
  All right, we will come back to this one in a little while, but
• 0:43
  we got another one to look at and this, my friends, is the
• 0:48
  silver price in, can you guess, Australian dollars?
• 0:55
  Do you see anything on this chart that looks interesting?
• 0:58
  Oh, here's 50 Australian dollars.
• 1:00
  This goes all the way back to 1975.
• 1:04
  And as you can see, we're currently well above 50
• 1:09
  Australian dollars per oz for the price of silver.
• 1:13
  Yes, of course, some of this has to do with currency valuations
• 1:17
  against U.S. dollar. But wait, there's even one more
• 1:21
  and then we're going to go back to that other chart.
• 1:23
  And by the way, do you see it the same thing on this chart as
• 1:26
  well? Let's go look at the Japanese
• 1:31
  yen. What do you think we find when
• 1:33
  we look at that and this is going to relate to something
• 1:36
  that's happened in the gold market over the last five years
• 1:39
  as well. It's very interesting.
• 1:41
  Japanese yen, silver price, 30 year chart, as you can see over
• 1:46
  the last 30 years, what do we add here over ¥5000?
• 1:50
  Currently we are in record territory.
• 1:53
  So do you. Are you noticing A trend,
• 1:56
  basement dwellers, that the silver price is hitting record
• 2:00
  levels in many, many of the currencies throughout the world
• 2:05
  in the native currencies? But let's go back to that first
• 2:08
  chart and I want to point something out that's super
• 2:10
  exciting. Then we got even more.
• 2:12
  There's a lot of reasons to be excited about gold and silver in
• 2:16
  particular. I think this video is mostly
• 2:18
  about silver, but the gold price is equally exciting.
• 2:22
  Let's go take a look at this again in Canadian dollars.
• 2:28
  And there we go. Wait a minute.
• 2:32
  Hold on here. Here we are.
• 2:38
  OK, did did you notice it? Let's draw a line across here.
• 2:43
  You better have noticed that after all we've talked about it.
• 2:46
  We'll draw a line about like this.
• 2:49
  OK, You see the green line? That green line represents the
• 2:55
  world's biggest, best chart pattern in the history of the
• 2:58
  world. Again, back in 1980, this is in
• 3:01
  Canadian dollars, but 1980 we had a high in the silver price.
• 3:07
  We formed this massive cup and in Canadian dollars right here
• 3:13
  we have broken out, right? I mean undeniable.
• 3:19
  We have a breakout of one of the most reliable chart patterns in
• 3:23
  the history of the universe and on top of that, it's over the
• 3:26
  longest period of time, which makes it even more powerful and
• 3:30
  reliable. OK, The same can be seen when we
• 3:34
  go to Australian dollars even on a more upward sloping manner.
• 3:40
  We have broken out and are in heading for Valhalla.
• 3:46
  Wrong line. Hold on, here we go.
• 3:50
  We like to do things perfectly here.
• 3:52
  There we go. Do you see that?
• 3:55
  And again, going back to 1980 in Australian dollars to 2011, huge
• 4:02
  cup, big handle, but do you notice how the red, how the
• 4:06
  price goes above that? We have broken out in Australian
• 4:10
  dollars as well. Now, is it coming to a country
• 4:14
  near you? Let me tell you something.
• 4:19
  Are you having deja vu, huh, basement dwellers?
• 4:22
  Because I'll tell you why this exact same thing happened.
• 4:25
  I don't know, a year ago, 15 months ago, 16 months ago in the
• 4:29
  gold market, I was down here showing those same charts, but
• 4:33
  it was for gold, how gold had broken out the new all time
• 4:37
  highs in many of the other currencies around the world.
• 4:42
  And then eventually what happened?
• 4:44
  Well, we know what happened, right?
• 4:46
  Do we need to look at the gold chart?
• 4:48
  We don't need to look at the gold chart.
• 4:50
  You know, gold is broken out. Let's go see, let's get an
• 4:52
  update on the gold and silver price.
• 4:54
  For that, we are going to go to channel sponsor First Mints
• 4:58
  website. And let's just go up here near
• 5:02
  the top. OK, Silver down 17 cents,
• 5:06
  $36.41. Remember that we're going to
• 5:10
  circle it briefly. There's silver 3641, Here's
• 5:15
  gold. Oh, that's the gold to silver
• 5:17
  ratio at 91. OK, we're going to have to go
• 5:20
  somewhere else. I apologize to get the gold, the
• 5:23
  gold number, but while we're here, I do want to say thank you
• 5:26
  to 1st Mint. Hold on, here we are on their
• 5:30
  website. They are a silver mint, their
• 5:34
  sponsor of Ron's Basement Silver Mint in Las Vegas, NV, owned by
• 5:38
  First Majestic Silver. What's interesting about First
• 5:42
  Mint is they mine the silver. First Majestic mines the silver
• 5:46
  in Mexico. People work tirelessly, like to
• 5:49
  get the silver out of the ground.
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  They ship it to Las Vegas, NV where it's made into world class
• 5:55
  silver bullion products, one-of-a-kind product.
• 5:58
  You're seeing them scroll across your screen.
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  There you've got the the Buffalo round, Next up of the Year of
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  Year of the Dragon. These are unique world class
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  bullion products made by first men in Las Vegas, NV.
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  This silver has never been touched by those people at the
• 6:19
  Comex or the LBMA. As far as I know, First Mint is
• 6:24
  amongst the only mints in the world.
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  They can say they use Comex Free Silver, LBMA Free Silver to
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  They've got great service, great selection.
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  It's a company you can trust, right?
• 6:38
  It's backed by Keith Neumeyer and and they have bars as well.
• 6:41
  They're 1K10 oz and a 5 oz bar. I have a 5 oz bar that Susie and
• 6:46
  my wife is very fond of. She thinks it's the coolest
• 6:49
  thing in the world. Free shipping on orders over
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  $199 and there's a discount code VIPRB.
• 6:57
  Thank you, First Men, for sponsoring the content here in
• 7:01
  the basement. Let's go get, I tell you what,
• 7:04
  we're going to read out the CNBC to get a update on the gold
• 7:11
  price because that's what happened.
• 7:13
  The same thing happened in the gold price as well.
• 7:17
  OK, so gold right now is at as you can see, three thousand,
• 7:22
  $3360.00 per oz. The take away here though is
• 7:28
  hold on, What we are seeing occur right now in the silver
• 7:34
  market where it's hitting records and all these is the
• 7:36
  same thing that happened in the gold market, OK?
• 7:39
  The exact same thing that happened in the gold market and
• 7:43
  the gold market broke out. I think we're going to see it in
• 7:45
  the silver market as well, coming to a country near you,
• 7:48
  the United States of America. OK, let's go take a look Now
• 7:53
  let's talk about what the actual silver price in U.S. dollars is
• 7:57
  in other places of the world. What do you say?
• 8:00
  We go on a little trip to China and we will hold on here.
• 8:09
  Here we go. We're going to go out and check
• 8:12
  on our friend the Oriental Ghost who provides us this data.
• 8:16
  Follow him on on Twitter, Oriental under score, ghost.com.
• 8:21
  It's a great service that he provides to the precious metals
• 8:25
  community. And hold on one second, I'm
• 8:29
  going to go back out to 1st Mint and get an up to date silver
• 8:32
  price $36.37. However, when we go out to China
• 8:39
  and this is the Shanghai Gold Exchange, right right there in
• 8:44
  the Shanghai Futures Exchange and we look at the silver that's
• 8:48
  AG on the SGE, the Shanghai Gold Exchange, which is the mostly
• 8:53
  almost exclusively physical market.
• 8:56
  We can see that the silver price is $2.00 higher per oz, OK,
• 9:02
  $2.00. Now what's what's critical to
• 9:05
  remember here is that China is becoming quickly the precious
• 9:11
  metals price discovery market for the world.
• 9:14
  Everybody knows it the secrets out OK And the price for silver
• 9:19
  in U.S. dollars, we're not talking about yuan, no, we're
• 9:23
  talking about U.S. dollars is $2.00 per oz higher.
• 9:27
  So think about this guys, all around the world when measured
• 9:31
  in native currencies, silver is breaking out of a cup and handle
• 9:37
  pattern that's been in place for what, 50 years, 45 years,
• 9:41
  whatever, you know, a long, long time, not quite as long as we've
• 9:46
  been alive, at least for me and probably you, but nonetheless,
• 9:49
  it's breaking out. And on top of that, in the
• 9:52
  world's, what's becoming the world's leading market for
• 9:55
  precious metals? Silver is also right, priced
• 9:59
  almost $2.00 higher per oz. What does that tell us, right?
• 10:03
  To me, that tells us that we're heading for easily, easily $50
• 10:09
  per oz silver. I made a bold prediction.
• 10:11
  You don't have to agree with me. You don't, right?
• 10:14
  That's how we learn from each other.
• 10:15
  I could be wrong, but I believe on April 1st, 2026, we're going
• 10:20
  to be down here and we're going to be talking about $60.00
• 10:23
  silver. And if I'm wrong, which could be
• 10:26
  the case, I'll gladly admit it, but I believe we are going to
• 10:29
  have much, much, much higher. But what do you believe, right?
• 10:33
  What do you think? Leave a comment, Leave a send me
• 10:36
  an e-mail. OK, You're entitled to your
• 10:38
  thoughts. Some people think that we could
• 10:40
  be going to $100 silver. I heard Eric Sprott the other
• 10:44
  day talk about how silver could be at $250 per oz.
• 10:49
  Don't dismiss that, guys. Here's the reason why.
• 10:53
  Don't don't listen to what Eric Sprott says and says, oh, he's a
• 10:56
  silver pumper. He's talking his own book.
• 10:59
  No, he's a he's a guy who has decades of experience focused on
• 11:03
  silver. And here's why it could happen.
• 11:06
  It happened between what 2000, the year 2000 and 2011 when the
• 11:12
  US dollar went into a bear market.
• 11:14
  The price of silver during that time period, correct me if I'm
• 11:18
  wrong, went from about $5 US per oz all the way to $50 from 2000
• 11:25
  through that high in 2011. Let's go take a look at one of
• 11:28
  these charts and see if we can. We'll look at it in in Canadian
• 11:32
  dollars for kicks and giggles, but but let's see here.
• 11:39
  OK, so here we were in about the year 1995 drawing here, right
• 11:48
  around here would be the year 2000, OK, looks like silver and
• 11:53
  Canadian dollars was maybe $8 per oz.
• 11:56
  And here we are in Canadian dollars in 2011, right?
• 12:01
  Again, in U.S. dollars we went this, this move was as I
• 12:05
  remember from about $5 to $50 a 10X move.
• 12:11
  So where are we now with silver, $36 per oz?
• 12:15
  What if we get a 10 oz move? What if we get a 8X move from
• 12:19
  here? And 8X move would easily put us
• 12:22
  above $250 per oz silver. So don't, don't dismiss it, OK?
• 12:27
  It just happened within the last 25 years that we had a massive
• 12:32
  up upswing, multiple X in the silver price.
• 12:35
  It absolutely you know, sure you can throw eggs at me.
• 12:39
  I can take it. I've been on YouTube for a long
• 12:42
  time. I've heard it all.
• 12:43
  You can say whatever you want about me.
• 12:45
  I'm entitled to my opinion, but I'm basing that opinion.
• 12:48
  But I by what I know are facts. And from 2000 through 2011 the
• 12:53
  silver market went on a multiple X run.
• 12:56
  If I'm wrong, prove me wrong, right?
• 12:59
  And there's no reason why we can't see that again in the
• 13:02
  current day and time because of this.
• 13:04
  And things are even crazier now. We got to do an update on what's
• 13:09
  happening. This was not the case.
• 13:14
  Excuse me? This was not the case back then.
• 13:22
  This could mean that we could go even.
• 13:24
  It could be even crazier, no doubt about it.
• 13:28
  Hold on there. OK, We're going to use, we're
• 13:30
  going to use yellow today. This was not the case back then.
• 13:39
  We are, we are almost there guys, to $37 trillion in debt.
• 13:44
  Remember, that's what backs up the US dollar.
• 13:47
  That's what backs up the US. On top of that, we're getting
• 13:49
  reports, our friend Mr. Chris Marcus at Arcadia Economics.
• 13:55
  Oh, wait a minute, wait a minute.
• 13:56
  We got more. We got more to talk about as we
• 14:00
  talked about the silver market in particular.
• 14:03
  Here we go. We're going to go out here.
• 14:05
  We're going to look at the Dude. Don't forget, subscribe to the
• 14:08
  Dude. He provides great info to the
• 14:10
  silver community. There it is right there.
• 14:13
  And we're going to talk about the paper market.
• 14:18
  Hold on here, there we go. OK, the silver market yesterday
• 14:21
  traded 416 million paper oz 416 million.
• 14:29
  So all of this that we're talking about, why is this
• 14:32
  important 416 million oz because all of this that we're talking
• 14:37
  about that is going on right now in the silver market.
• 14:41
  The potential is all also being affected by the paper markets,
• 14:47
  the COMEX and the VMA. Do you realize 416 million oz
• 14:52
  represents 50% of the entire year's silver mining output?
• 14:59
  50% traded in one day. So you're going to tell me
• 15:04
  that's the real price? Or would you go with the
• 15:07
  Shanghai Gold exchange price, right, which is a almost purely
• 15:12
  physical market that puts the physical market of a price for
• 15:17
  silver in U.S. dollars almost $2.00 per oz higher, $39.00
• 15:22
  silver is coming quickly. You know, we might pull back no
• 15:26
  doubt about it, but but with everything going on, when we
• 15:30
  factor in what's going on in the charts, when we factor on what's
• 15:33
  going on fundamentally with industrial demand for silver
• 15:38
  continuing to increase, right, With jewelry demand continuing
• 15:43
  to increase, Don't forget jewelry accounts for almost 25%
• 15:48
  of all silver mining output during the year increasing and
• 15:54
  excuse me if investment demand, if you're crazy neighbors who
• 15:58
  don't own silver when they start to wake up.
• 16:02
  Investment demand has been putrid over the last few years.
• 16:06
  If we get an upswing and investment demand that could
• 16:10
  easily be an additional 100 million to 200 million, maybe
• 16:14
  more of Oz demanded on an annual basis.
• 16:18
  We're set up. We're set up for something good
• 16:20
  on top of it all. The cherry on top, Chris Marcus
• 16:24
  over at Arcadia. Arcadia Economics is reporting.
• 16:30
  Where did it go? Oh, shoot.
• 16:32
  I thought I had this pulled up. Here it is.
• 16:36
  Hold on here, guys. Let's get this pulled up all
• 16:39
  right. Nope.
• 16:44
  Wrong. All right, we'll just pull this
• 16:49
  one up here instead. Arcadia Economics on their sub
• 16:53
  stack is reporting that the bank silver short position has now
• 16:57
  grown to the second largest in history.
• 17:00
  Why is that important and what does it mean?
• 17:02
  While a short is when the banks sell silver, right, which it
• 17:06
  puts downward pressure on the silver price, but they have to
• 17:10
  return it. They have to buy it back at some
• 17:12
  point in the future. And like he says, right, they
• 17:17
  just the banks just re just increase their silver short
• 17:19
  position, which means that it would be wise to be on the
• 17:23
  lookout either for a correction. OK, or the possibility that one
• 17:28
  of the banks gets a little nervous and tries to cover.
• 17:31
  And I believe there's a video associated with this.
• 17:34
  Yeah, that you can go out to Arcadia economics YouTube
• 17:37
  channel and watch. But the key here, the key here
• 17:41
  is, oh, did I lose you? No, we're back.
• 17:44
  Sorry guys, thought I lost you for a second.
• 17:47
  When the banks have what is now being reported as the second
• 17:50
  largest short position in history, one of two things is
• 17:54
  going to happen. Either they're going to tamp the
• 17:56
  price down so they can buy back right and cover their short at a
• 18:01
  lower price. That's ideal for the big banks.
• 18:04
  And you know, we're not exactly rooting for the JP Morgan's and
• 18:07
  the big bullion banks of the world or there is a possibility
• 18:12
  with this, this massive short position that if the price
• 18:14
  continues upward, we could see a short squeeze.
• 18:19
  It's going to be interesting guys.
• 18:20
  When we look at what's going on right now with the silver price
• 18:25
  all over the world breaking out the new all time highs, when we
• 18:29
  consider the fundamental facts supporting the silver market, it
• 18:33
  just looks very, very optimistic moving forward.
• 18:36
  It also looks great for gold. And on that note, I do want to
• 18:39
  say thank you to channel sponsor First Mining Gold.
• 18:43
  They are a Canadian gold development stage company.
• 18:47
  They have two massive multi million ounce development stage
• 18:51
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  through the permitting stage. The Spring Pull project, I
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  firstmininggold.com. And if you want to talk to a
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  I'm not a financial advisor, but if you want to talk to a real
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  human at their company, their director of investor relations,
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  Paul Morris, I got a link to his e-mail in the description of
• 19:33
  this video. Call Paul or e-mail Paul.
• 19:36
  All right, guys, we're in for a wild ride in precious metals.
• 19:40
  We have turned the corner. Look, nobody has a crystal ball,
• 19:44
  but I'm very optimistic about what we are going to get to
• 19:47
  experience together in the coming months, quarters and
• 19:50
  years. As always, thanks for joining me
• 19:53
  here in the basement. You are the most important part.
• 19:55
  Take care of yourself and I'll see you, yes you soon.