Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 BIG CHANGE 🚨 Means Silver & Gold VOLATILITY 🚀... (BRICS, JP Morgan, Inflation)

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🚨 BIG CHANGE 🚨 Means Silver & Gold VOLATILITY 🚀... (BRICS, JP Morgan, Inflation) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  We are in for a monster crazy ride in the precious metals
• 0:05
  Gold, silver, platinum, Palladium for that matter.
• 0:08
  The world is changing like never before and by the time we get to
• 0:12
  the end of this video, I think we're going to be more convinced
• 0:16
  that we have sunny days ahead for the precious metals prices.
• 0:20
  Let me throw out a couple, a couple headlines right now to
• 0:24
  you and tell me what you think this means.
• 0:27
  We've got major news from the BRICS countries, big ground
• 0:32
  shattering, earth shattering, Whatever the correct term is,
• 0:35
  news that we're going to talk about in this video, it will
• 0:39
  affect the price of gold and silver going forward.
• 0:42
  What about JPMorgan Chase? What do you think?
• 0:45
  Thank you, Brandon, for the Super chat.
• 0:47
  What do you think when you hear JPMorgan Chase?
• 0:52
  All right, we're going to talk about that.
• 0:54
  What about the Labor Department? There's some things that are
• 0:56
  making me mad. I think this could make you very
• 0:59
  angry as well. The Labor Department came out
• 1:02
  with some new data, some new revisions to the jobs numbers.
• 1:06
  Thank you, Sean are thank you for the Super chat, guys.
• 1:09
  Man, that is awesome. We're going to talk about why
• 1:13
  Silver exploded yesterday because there's some interesting
• 1:17
  factors that we need to consider and our friends at Kitco shined
• 1:21
  a little light on what was going on.
• 1:23
  We got 100 thumbs up. There's ten rings of the bell
• 1:27
  for each ten thumbs up. Thank you for the thumbs up.
• 1:30
  Thank you for being here. What about real estate?
• 1:33
  You probably own a house. I own a house.
• 1:36
  Everybody needs a place to live. We've got to talk about real
• 1:39
  estate cuz things are getting downright scary there as well.
• 1:44
  We're also going to have a special guest if he can set his
• 1:46
  Ding Dongs down for just a few minutes.
• 1:49
  We're going to be joined by a very special guest who has some
• 1:53
  insightful knowledge regarding 10 ounce silver bars and of
• 1:59
  course, the mystery. We need a mystery.
• 2:02
  Every good live stream has a mystery, and if you were here
• 2:05
  yesterday, you already know the answer to this.
• 2:07
  But we're going to talk a little more about the big mystery X
• 2:11
  Factor that can drive the price of silver, gold and platinum to
• 2:15
  the moon as we move into the next year.
• 2:18
  Five years, 10 years. It could be beautiful, guys.
• 2:21
  But let's start by talking about the bricks.
• 2:25
  They came out with some shocking news.
• 2:28
  I'm hearing Different people describe it different ways, but
• 2:31
  pretty much shocking news surprised everybody.
• 2:35
  Hello, Ancient Tom. Thank you.
• 2:37
  We have 6 new members of the BRICS.
• 2:40
  What are we going to, what are we going to call the BRICS now,
• 2:43
  right. The people are trying to think
• 2:44
  of new acronyms, but today, the BRICS countries announced the
• 2:48
  addition of Saudi Arabia. You cannot under emphasize what
• 2:54
  major news that is. And we're going to talk about
• 2:57
  that a little more deeply in a second because that has the
• 3:01
  potential to turn the world monetary system upside down.
• 3:06
  I can guarantee you, Jerome Powell and the monetary
• 3:10
  authorities in Washington are not happy this morning.
• 3:13
  Saudi Arabia joining the BRICS, the United Arab Emirates joining
• 3:17
  the BRICS, Iran joining the BRICS, Argentina joining the
• 3:22
  BRICS, Ethiopia and Egypt. And let me touch on Ethiopia.
• 3:28
  You probably don't know this. And I'm not an Ethiopian expert.
• 3:31
  I have a great friend who lives across the street who's from
• 3:34
  Eritrea, which is neighbor to Ethiopia.
• 3:36
  But nonetheless, I was talking to somebody who really
• 3:39
  understands what's going on in Africa.
• 3:41
  And wow. Henny, thank you for that super
• 3:44
  chat. Thank you.
• 3:45
  Thank you. Ethiopia is making massive
• 3:48
  economic advancements. They've got massive
• 3:51
  infrastructure projects underway, irrigation, they are
• 3:55
  moving forward and they're doing it with the help of the bricks.
• 3:57
  But think about this. This new bricks arrangement will
• 4:01
  represent 50% of the world's population.
• 4:07
  Thank you, Sharon. We are in a curve inversion.
• 4:10
  Thank you, Debbie. Man, you guys are overwhelming
• 4:13
  me with your generosity. Thank you.
• 4:15
  I'm going to talk about the yield curve inversion, if that's
• 4:18
  what you're referring to, Sharon, but, but, but, but what
• 4:23
  we have to realize 50% of the world's population will now be
• 4:27
  represented by the BRICS countries.
• 4:29
  People are calling it an oil block.
• 4:32
  I don't know the percentage of how much oil, but it is going to
• 4:36
  be interesting as we move forward and the BRICS countries
• 4:41
  have announced there's likely more to come.
• 4:43
  OK, guys. What do we know about the bricks
• 4:48
  that's so important that they value real assets?
• 4:52
  There was speculation that we would get a gold back currency.
• 4:55
  We didn't hear anything about that yet, OK.
• 4:58
  But we do know that these countries are growing rapidly
• 5:03
  and that they have a high high respect, admiration, they hot,
• 5:08
  they hold in high regard Gold, silver, platinum.
• 5:12
  They produce a majority of the world's platinum.
• 5:15
  They probably produce a majority of the world's gold and silver
• 5:19
  as well. And as they grow, that will
• 5:21
  continue to be the the, the, the, the, the case.
• 5:26
  And things are going to the world's changing.
• 5:31
  If you live in the United States like I do, maybe it's not as a
• 5:36
  great of news, but as precious metals investors, again, we
• 5:40
  don't have to like what's going on in the world, however we can.
• 5:45
  We can be aware of what's going on.
• 5:47
  That's the big key to keep your head out of the sand and that's
• 5:51
  what you do to protect yourself with things like silver and
• 5:54
  gold. And that's what I do.
• 5:55
  That's what we do when we come together here, Be prepared.
• 5:58
  And it happened. This is big big news pretty much
• 6:04
  what I'm being told shocking news that especially Saudi
• 6:08
  Arabia officially joining the United Arab Emirates.
• 6:11
  Guys I got another super Chad. Thank you Darcy.
• 6:15
  Thank you. Thank you.
• 6:16
  We got a We got to remember let's touch on the this is this
• 6:21
  is critical huge for the United States.
• 6:25
  Saudi Arabia was our quote UN quote ally.
• 6:28
  The dollar had been backed by gold in 1971 when President
• 6:33
  Richard Nixon took the United States off the gold standard
• 6:36
  temporarily. Remember it's only been 50
• 6:39
  years, but temporarily the dollar essentially got moved to
• 6:43
  being backed by oil. All oil in the world are the
• 6:47
  vast majority of it. In all, oil in the Middle East
• 6:51
  was sold in dollars. And when they got those dollars,
• 6:55
  they bought U.S. Treasuries, and that allowed the
• 6:58
  United States to run up to spend more because we could just keep
• 7:02
  selling treasuries to the Saudis, right?
• 7:05
  Excuse me, We kind of did the same thing with the Chinese.
• 7:07
  All of that is changing. And now we're sitting here in
• 7:11
  the United States with $34 trillion in debt and fewer and
• 7:16
  fewer, especially as we move forward, buyers of our
• 7:19
  treasuries that will make interest rates go up, up, up.
• 7:23
  It is going to be a very challenging fiscal and monetary
• 7:31
  environment for the United States moving into the coming
• 7:34
  decade. Maybe they've got some secret
• 7:36
  trick up their sleeve. I don't know.
• 7:38
  What do you think? Right.
• 7:40
  Maybe they have some new way they can angle the mirrors or or
• 7:44
  pump a little more smoke into the room.
• 7:46
  But it sure feels like this, this group of countries, which
• 7:51
  is powerful. You've got to realize, I heard
• 7:53
  one of the top retired generals say it last night, China has a
• 7:57
  bigger military than us, right? And when you combine China and
• 8:00
  India and all these countries together, the world is, I can't
• 8:05
  emphasize this enough, becoming very, very different.
• 8:09
  And for you, as we want to protect ourselves, we want to
• 8:14
  protect our wealth, precious metals are taking on a new role
• 8:19
  or that's a wrong, that's. I don't know.
• 8:21
  I think I said that in incorrectly.
• 8:23
  I think the reality is precious metals are reassuming their
• 8:28
  role. They're being reclaimed by the
• 8:30
  world, rerecognized. Maybe it's even a better way to
• 8:33
  say it as a real store of value. We know how the Argentinians
• 8:40
  feel about gold. We know how the Saudis feel
• 8:42
  about gold. Do we know how the Chinese feel
• 8:45
  about gold? We know.
• 8:46
  We know how the Indian Do you know any Indian people from
• 8:50
  India? Ask them about gold.
• 8:52
  Ask them about silver. Same is true for platinum.
• 8:55
  We are in a period of change like none other in history, and
• 9:00
  it's only going to get more and more interesting.
• 9:04
  I don't know about you, but I feel good having some silver in
• 9:08
  my hands as opposed to some paper.
• 9:10
  Don't forget this. This is paper.
• 9:15
  And I say this every day and I've maybe I will for the rest
• 9:18
  of my life. And you know, I'm gonna make a
• 9:19
  new video every day for the rest of my life.
• 9:21
  So I want you to subscribe. Please give this a thumbs up.
• 9:25
  It really helps us get the word out.
• 9:27
  It's free. All you have to do is press the
• 9:29
  thumbs up and it makes me happy. And maybe I can entertain you
• 9:32
  even a little more. But Lynette Zhang said this,
• 9:35
  right? We were talking when Lynette
• 9:37
  Zhang and I talked. Imagine you can trade paper
• 9:42
  paper for real metal right here. Here's a South African Kruger
• 9:47
  Ant. Coincidentally, they are part of
• 9:51
  the BRICS alliance and now there's six more.
• 9:54
  They more than doubled their size.
• 9:57
  It's going to be a crazy time ahead, but there's a lot more
• 10:01
  for us to talk about when it comes to silver and gold.
• 10:05
  Let's talk about JP Morgan, right.
• 10:08
  Let's talk about the manipulation of the silver and
• 10:10
  gold price. Somebody asked that question
• 10:12
  yesterday. Dude, when do you think, you
• 10:14
  know, do you think silver's manipulate?
• 10:16
  I'm like, well, I'm not a guru in that area, but the gurus have
• 10:19
  proven, yes, the price of silver, the price of gold have
• 10:23
  been manipulated. And now, right, even though they
• 10:26
  were up against probably some of the best attorneys in the world,
• 10:30
  the United States government has proven and convicted former JP
• 10:35
  Morgan Chase traders of manipulating the precious metals
• 10:39
  markets. And they did that by spoofing.
• 10:41
  Let me let me just read you a quickly This is a day old news.
• 10:45
  But it bears repeating. Because when we think about what
• 10:49
  silver and gold investors have been through over the last
• 10:52
  decades, it's important for us to realize that we've been
• 10:55
  cheated. Yes, you've been cheated.
• 10:57
  I've been cheated, right. By the big banks.
• 11:00
  By the big, big banks. Let's see here, oh ex head.
• 11:08
  As Susie's yelling at me to talk quieter from upstairs.
• 11:12
  She wants me to take the red shirt off.
• 11:13
  She doesn't want me to say war anyway.
• 11:17
  Ex head of JP Morgan's precious metals desk, sentenced to prison
• 11:21
  for manipulation. It was not that long ago that a
• 11:24
  veritable army of trolls will emerge upon our nearest mention
• 11:28
  that precious metals markets, like all other markets, are
• 11:31
  manipulated, whether by commercial or central banks or
• 11:36
  by random assorted hangar on. Today this is from zero edge.
• 11:40
  We can table that that that particular debate and perpetuity
• 11:45
  perpetuity after U.S. District Judge Edmund Chang
• 11:50
  sentenced the former head of JP Morgan precious metals desk and
• 11:55
  his top trader to prison for spoofing, fraud and market
• 12:01
  manipulation. You were cheated by JP Morgan
• 12:05
  Chase, right? And they send me Flyers in the
• 12:07
  mail all the time. They want my money.
• 12:09
  Do we believe these guys? Huh.
• 12:11
  But this proves outright Michael Nowak, whom we first highlighted
• 12:16
  back in 2019 and most recently profiled last year, who Once
• 12:20
  Upon a time was not only an an LBM, a board member, he was part
• 12:24
  of the LBMA, the London Bullion Market Association.
• 12:29
  How interesting. But also ran gold and silver at
• 12:33
  JP Morgan as well. His as his top trader, Greg
• 12:36
  Smith were sentenced Tuesday in Chicago with no act, receiving a
• 12:40
  term of one year and one day, while Smith was given two years.
• 12:45
  The stiffest sentence yet in a recent government crackdown on
• 12:49
  questionable trading practices. Now this is good news from a
• 12:54
  couple perspectives, #1 those guys got what they deserve.
• 12:58
  They were spoofing, OK? And if you don't know what
• 13:00
  spoofing is, they were basically putting in a bunch of fake
• 13:04
  orders. Millions and millions of dollars
• 13:07
  worth of fake orders to move the price either up or sometime or
• 13:12
  down or sometimes up. OK, but but so they got what
• 13:16
  they deserve. But #2 why this could be good
• 13:19
  news for us precious metals investors.
• 13:23
  Look, the price of silver, we know it should be higher.
• 13:26
  The price of gold, we know it should be higher.
• 13:28
  The price of platinum. Do you think it should be higher
• 13:31
  as well? We've not.
• 13:32
  We've been fighting against so many headwinds over the last
• 13:35
  decades. Now that we're in this new dawn,
• 13:38
  a new era. The BRICS countries.
• 13:41
  Big news today, guys. The bricks more than doubled.
• 13:44
  The bricks love gold and silver. We covered that already.
• 13:47
  Manipulation being cracked down on.
• 13:50
  We could be moving into a new era.
• 13:53
  Absolutely. You need to believe that, right?
• 13:57
  Well, you need to consider that you believe what you want to
• 14:00
  believe. I'm not here to tell you what to
• 14:02
  believe, but we are moving into this new era where silver and
• 14:08
  gold and platinum, Palladium, all the precious metals could do
• 14:12
  super well And I got a super chant that I missed.
• 14:15
  Oh my gosh, Let's go back. Let's go back.
• 14:20
  Hold on one second. I'm a cumin.
• 14:23
  Hey, Craig Edmonds. Another brick in the wall.
• 14:27
  Yes, thank you. Thank you, Craig.
• 14:29
  Thank you for the Super chat. And Darcy, we got you already.
• 14:33
  You need to believe. We need to realize this is a new
• 14:39
  era for the metals on many different levels.
• 14:42
  The scarcity of silver and gold, It's becoming so much harder to
• 14:48
  find silver. So much harder to find gold.
• 14:51
  Platinum. We know how scarce that is.
• 14:53
  We know the world is changing. The geopolitical structure of
• 14:57
  the world has changed today, right beneath our feet.
• 15:02
  OK, we know when we look at silver, the demand.
• 15:07
  Gold for a monetary purpose. Silver for monetary and
• 15:11
  industrial guys, things are changing right below now.
• 15:15
  I'm mad you want to hear about a few things that we can be mad
• 15:18
  about right now because another another, another headwind that
• 15:23
  you have been facing as a precious metals investor that
• 15:26
  I've been facing as a precious metals investor is BS Government
• 15:32
  data right? I'll be right back.
• 15:36
  I'm going to take a quick drink and one of the pieces of data,
• 15:46
  what's been one of the most painful pieces of data that
• 15:49
  we've had to fight against over the last year.
• 15:52
  Part of Bidenomics, right. Joe Biden's economic miracle
• 15:56
  that he's pulling off great employment numbers.
• 15:59
  That's all we heard. Well, listen to this and this
• 16:03
  really makes me mad because how many times did we get great
• 16:07
  employment numbers over the last 16 months?
• 16:11
  That then relate that then that then resulted and I remember
• 16:15
  days where silver, I remember one day when silver was down 5%
• 16:19
  because of great employment numbers.
• 16:21
  Well listen to this. This is from investors business
• 16:25
  data the Labor Department. Yes, those, you know, those fine
• 16:29
  people at the Labor Department cuts, cuts, job gains by
• 16:34
  306,000, OK, the US economy added, Hey, thank you for the
• 16:40
  Super chat Sean are man, you guys are awesome.
• 16:44
  Thank you. Thank you, Sean. the US economy
• 16:48
  added 306,000 fewer jobs fewer than previously estimated in the
• 16:56
  year through March of 2023. The Labor Department reported on
• 17:01
  Wednesday. That would have been yesterday.
• 17:06
  Yeah, you know, Here BLS, the Bureau of Labor and Statistics
• 17:09
  issued A preliminary revision for March of 2023.
• 17:12
  Data showing job growth, excuse me, for the prior year was
• 17:19
  overstated by 306,000 jobs, including 358,000 private sector
• 17:27
  jobs. The revision won't be Anyway,
• 17:30
  does Does that make you mad? Huh.
• 17:33
  Here we go. The oh, the jobs numbers were so
• 17:35
  great. And then every month they would
• 17:37
  go and say, well, the previous months weren't so great, but it
• 17:39
  didn't matter because the current month is great, right?
• 17:42
  We're just going to revise it down the road and it absolutely,
• 17:47
  absolutely killed the price of silver and gold.
• 17:54
  Sorry guys, I have an itch in my throat.
• 17:55
  We got 200. That means we're gonna ring the
• 18:03
  cowbell. Thank you for all the thumbs up.
• 18:05
  Thank you for the Super chats. Most importantly, thank you for
• 18:08
  being here. Can we get to 500 today?
• 18:11
  That's a big deal. We have 500 people.
• 18:13
  You in me all around the world. Do you love precious metals?
• 18:18
  Do you love silver, gold, and platinum?
• 18:20
  Do you love making friends? We all love making friends.
• 18:23
  You can consider me a friend, but I'm telling you, the people
• 18:27
  that are here are awesome. Including coin Shop.
• 18:29
  Chris, Mary Radcliffe. Neil.
• 18:30
  Hans. Dynasty.
• 18:32
  Susie's almost Susie's up there. Hello, Emily.
• 18:35
  Amelia. Hi, our bell.
• 18:36
  Thank you for the Super chat. We got some great people here in
• 18:40
  the basement. OK?
• 18:42
  And we love to talk about silver and gold, but we also like to
• 18:45
  learn and stretch our minds. Hey, please consider
• 18:48
  subscribing. When you give this a thumbs up,
• 18:52
  it's free and it helps get the word out.
• 18:55
  The more and more and more people.
• 18:58
  So everything's so great in the economy.
• 19:01
  Oh, we only produced 300,000 less jobs in the last year.
• 19:07
  What? What about the yellow truck
• 19:09
  drivers? Here, Here's this is sad.
• 19:11
  This makes me mad and a little sad, you know, because the
• 19:14
  economy's doing so great. Just ask Joe.
• 19:16
  But listen to this, because this tells us what's really going on.
• 19:21
  Remember like 30,000 yellow truck drivers lost their jobs.
• 19:26
  Now we get this from CBS News, CBS News of all places.
• 19:32
  Here a guy named Mark Roper is a story by a guy named Mark Roper.
• 19:36
  Since Sunday, Mark Roper, a truck driver for 32 years, has
• 19:40
  been out of a job, along with 30 thousand of his fellow yellow
• 19:44
  workers at now defunct transportation company Yellow.
• 19:48
  Roper turns 59 in October, said he's not ready to retire and has
• 19:52
  been has already started applying for jobs elsewhere.
• 19:55
  But the kind of trucking jobs he once had at Yellow, where he
• 19:58
  could be home and every night with his kids, just aren't
• 20:01
  available. Roper said the company hasn't
• 20:04
  even told him anything about severance.
• 20:06
  He worked 28 years at Holland Freight, which Yellow bought in
• 20:09
  2008, he says. Quote, I figured that my
• 20:12
  severance is the unemployed is the unemployment I just filed
• 20:16
  for. But they're not telling us
• 20:17
  anything. He's tried to get jobs at other
• 20:21
  places. And they just, they're just
• 20:23
  aren't jobs out there. I'm telling you, we talked about
• 20:27
  this. We aren't going to go down the
• 20:28
  big doom hole when it comes to the economy.
• 20:33
  But the economy is slowing. The jobs numbers are slowing.
• 20:37
  And you know, what do you think that's going to do in the next
• 20:43
  couple months? It's only going to get worse.
• 20:45
  We heard from yesterday, Dick's Sporting Goods, Horrific.
• 20:50
  Their stock was down 25%. Macy's, I mean, the hits just
• 20:54
  keep coming. Everybody's saying things are
• 20:56
  bad except as we talked about, we know this Walmart's doing
• 21:00
  great because everybody's going from the big name brand stores
• 21:04
  to Walmart now and the dollar stores doing great because the
• 21:07
  people that can't afford to go to Walmart now are going to the
• 21:10
  dollar store. The next thing that we'll hear
• 21:12
  is doing great. And I have nothing against this
• 21:14
  because I go there myself. Some of my clothes is from
• 21:17
  there's that the Goodwill stores are going to be booming and they
• 21:20
  probably are right now. So when this economy when the
• 21:24
  brakes get are hitting like they are the feds going to have only
• 21:29
  one option and that is the print print print more and more money
• 21:35
  And you know, we know, we know the longterm thesis, what that
• 21:39
  means for the price of silver and the price of gold.
• 21:42
  We got 500 people here. Thank you guys for being here.
• 21:48
  We're going to call coin shop Chris in a second have him on
• 21:51
  for a few minutes because he has he did some indepth research.
• 21:54
  Do you do you like to buy silver?
• 21:56
  Do you like to buy precious metals?
• 21:58
  Well, Coin shop Chris did some indepth research looking at 10
• 22:02
  ounce silver bars like this. Oh, I happen to have one right
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  love Pin Becks I think they're the best and they agreed to
• 23:05
  sponsor the channel. So thank you Pin Becks.
• 23:07
  Let's let's let's call Coin Shop Chris right now and say hello if
• 23:14
  he's ready for us and see what he has to say also also uh, Coin
• 23:20
  Shop Chris wants to brag about something so we're going to let
• 23:23
  him do that as well. See if I can get to my phone
• 23:26
  here. There it is.
• 23:27
  Give me just two seconds guys and we are going to have the one
• 23:31
  and only Coin Shop Chris on the phone.
• 23:36
  Coin. There we go.
• 23:39
  Alright, it's ringing. Everybody say hi to Coin Shop,
• 23:45
  Chris. How you doing on Hey buddy,
• 23:49
  Welcome to Ron's basement. Did you put the Ding Dongs down
• 23:52
  for a second? Um, yeah.
• 23:54
  I just. I love Susie's comment.
• 23:56
  She just put up there tap tap Ding dogs or crafts.
• 23:58
  I love it. Yeah.
• 24:00
  Well, hey, you did some research for us on 10 ounce silver
• 24:05
  Britannia bars, is that correct? And I think I think you you
• 24:10
  discovered something quite stunning when it comes to the
• 24:13
  price range that's available from the online bullion dealers.
• 24:17
  Will you, will you share that with us?
• 24:19
  Oh, absolutely. I will give you the first three.
• 24:22
  These are all from eBay, from direct Bow and deal with
• 24:26
  themselves Pinehurst. Now this was today, we are at 8
• 24:32
  August 24th, 2023. So these prices were from last
• 24:36
  night, Ron. So just so everybody knows at 8,
• 24:39
  excuse me, at 6:39 PM my time, this is when I took these
• 24:44
  prices. So last night at last, last
• 24:47
  night at 6:30 this, these were the prices.
• 24:50
  Right, so on Pioneers from eBay, that same Canons bar, the
• 24:55
  Patania cans bar was 28322. OK, MMC from eBay bowling
• 25:05
  dealer, they were 30548. Wow.
• 25:11
  JM Bowling from the eBay website.
• 25:15
  They were 34469, the highest price of all.
• 25:23
  So then I went to Herald Bowling.
• 25:27
  This is now this is cash, this is check chain of my check.
• 25:30
  Or you know we're thinking out of your account.
• 25:33
  Their price was 27630. SD Bowling was 27506 and our
• 25:41
  sponsor came in at the cheapest at 27505 by a penny.
• 25:49
  Penn Bex is very very competitive.
• 25:54
  You know they they're right with hero bowling and and and SD but
• 25:59
  what I what I find a little shocking about this what was the
• 26:04
  highest price that you saw. JM Bowen was 34469 and that was
• 26:11
  through their eBay. Their direct eBay store,
• 26:14
  correct? Correct.
• 26:15
  Wow. So almost.
• 26:17
  Almost. At Max I checked not Mac, did
• 26:20
  not have these particular bars but you know JM and at Max of
• 26:23
  the two highest ones out there on SO.
• 26:26
  But but I just. I just want to emphasize
• 26:28
  something to everybody watching that's almost what, a $70.00
• 26:32
  difference in price between the highest and the lowest.
• 26:36
  Exactly. Wow.
• 26:37
  So you could get yourself to two extra American Silver Eagles
• 26:41
  with the $70.00 that you could save between the highest and
• 26:45
  lowest price. Well, depending where you get it
• 26:48
  at, you might be, yeah. Two 2, 1/2.
• 26:51
  I mean, yeah, I know. But I know what you're thinking.
• 26:53
  I know what you're thinking you'd do with that extra $70.
• 26:58
  What's that I would buy? I buy a whole few boxes of Ding
• 27:02
  Dongs. That's right.
• 27:05
  I didn't say it. You said it.
• 27:07
  All right. Now I want to get thank you for
• 27:08
  that information, Chris, on behalf of everybody.
• 27:10
  But I also want to give you an opportunity to brag a little bit
• 27:14
  because you said something a few weeks ago about the silver
• 27:17
  price. Why don't you, why don't you
• 27:18
  share that with us? Well, if people were with us
• 27:22
  when we would did, our last videos are on the past few
• 27:24
  weeks. We said, you know, I didn't
• 27:26
  think Civil was going to go below 22.
• 27:29
  Well, it really has not, it has not gone below 22.
• 27:33
  It's been holding this price range.
• 27:34
  You know, we are a lot of people seem to be happy is up back to
• 27:37
  over 24, but this is where we were just a few weeks back ago.
• 27:41
  Yeah, yeah. So you know, I've always said
• 27:44
  cost average. You know, the the folks
• 27:47
  listening out there, we're watching now with us or you
• 27:50
  know, watching this video on a replay if you're really waiting
• 27:54
  for an $18.00 dip. You know the only way we're
• 27:57
  going to get back that low is is a major stock market crash and
• 28:03
  who knows if that's what we're going to happen or not.
• 28:05
  I I like the cost, average everything out.
• 28:09
  So get some now, get if the price drops, don't get upset at
• 28:14
  yourselves, just get you know, get a little bit more if you
• 28:17
  can. You know, if you've got to set
• 28:18
  them out, you want to spend right now, get a little down and
• 28:21
  then hope it goes down a little bit more and get some more,
• 28:24
  then, yeah, You know, Chris on be.
• 28:28
  And now that I have you live on the phone, I just want to make
• 28:30
  sure I say this in front of everybody.
• 28:33
  You do a tremendous amount for the Ron's basement community,
• 28:37
  and I know Neil does and Mary and Susie and a lot of other
• 28:41
  people. But you really go above and
• 28:43
  beyond to help everybody in this community.
• 28:46
  And on behalf of everybody, I want to say thank you.
• 28:49
  And heck, you know what? I'll ask people if you want to
• 28:51
  say thanks to Chris, type #5 digit five in the comments.
• 28:58
  Chris, you're a great guy and my mom says you're cute, so you
• 29:03
  know you got a lot going for you, brother.
• 29:06
  Oh, I just hope, I hope you and send her that Ding Dong picture
• 29:12
  that you and I and Neil know about that.
• 29:14
  That's right. All right, my friend.
• 29:16
  Thank you. I just.
• 29:17
  Want a couple more things on just before we get off you.
• 29:20
  I want to thank you personally also.
• 29:22
  You have kept your words with your audience.
• 29:25
  You're only going to take sponsorships from the people.
• 29:28
  You've done business work, you have done that.
• 29:30
  I commend you on that. I just want to thank everybody
• 29:33
  for watching. And there was a good comment.
• 29:36
  I would like to in the live stream here and somebody I think
• 29:40
  that means promise. He, he asked you if you were
• 29:45
  collecting. I mean, getting more first Mind
• 29:47
  Gold at today's prices. You know, I didn't look today
• 29:52
  I've not had a chance, but I've not purchased any today.
• 29:54
  No, but it's to me it represents a great value.
• 29:58
  Absolutely. I'm right there with you and if
• 30:00
  everybody can just give this a thumbs up.
• 30:02
  The more thumbs up we get the more the war gets out and and
• 30:06
  watching real time it works everybody.
• 30:09
  More people join us on. Thank you, Chris.
• 30:14
  And I want to give one more shout out to pin backs for being
• 30:16
  a sponsor. Thank you pin backs.
• 30:19
  You guys got good prices and you know thank you for throwing up a
• 30:22
  run. You guys have a good team
• 30:24
  together. Let's all tap the number 5 for
• 30:26
  pinbacks are on. OK.
• 30:29
  All right, my friend. Thank you, Chris.
• 30:31
  We'll talk to you soon. We will talk to you soon.
• 30:34
  Thank you everybody. Bye.
• 30:35
  Bye. We got 300 thumbs up.
• 30:38
  Oh, I don't know what I guess. I guess.
• 30:40
  I guess one more time, huh? One more with the nose.
• 30:46
  Let's talk about real estate. OK, let's let's talk about
• 30:50
  homes. Let's talk about the fact that
• 30:53
  all of us need a place to live. We already know that we got news
• 30:57
  like a week ago that for the first time in the history of the
• 31:01
  country, Americans on average are spending more than 30% of
• 31:04
  their pay on shelter. Just a place to live and to put
• 31:08
  their head down. Now are we in a bubble?
• 31:12
  Is real estate in a bubble? I heard that guy Gregory
• 31:14
  Mannarino talked about this last night and I thought it was
• 31:18
  fascinating. He brought up five things.
• 31:20
  Number 15, Signs of a real estate bubble.
• 31:23
  Mortgage rates are up. Check #2 Rapid increase in
• 31:28
  prices for housing. Absolutely.
• 31:31
  I don't know about how it is where you live, but around St.
• 31:34
  Louis, which is a very conservative real estate market,
• 31:37
  the prices have gone absolutely bonkers.
• 31:41
  OK, rising interest rates, Yes, we have mortgage rates above 7%.
• 31:47
  I see 7.6% for a 30 year interest rate.
• 31:50
  I don't know what you're seeing. Elevated speculative activity.
• 31:54
  I think we can check that in a slowing economy, Guys, look, I'm
• 31:59
  not giving financial advice, but if you're thinking about buying
• 32:03
  a house right now, be cautious. I'm not saying yes or no.
• 32:07
  Me personally, I would not want to be buying a house right now.
• 32:11
  I would wait, but you know I don't have a crystal ball, but
• 32:15
  it sure feels like we're at this point where things are going to
• 32:19
  start changing. So, so super rapidly the 10 year
• 32:24
  bond yield we've been talking about that a lot has come back
• 32:27
  down a little bit in the last few days.
• 32:29
  I've not had a chance to check on the markets today.
• 32:32
  It was a super crazy busy morning for me.
• 32:34
  So I don't know where that is, but that is still putting
• 32:37
  massive pressure on the banking industry, right?
• 32:41
  Anything above 4% is not good for the banks.
• 32:45
  The banks are feeling the heat literally, right.
• 32:49
  The heat is getting turned up on the US banking sector.
• 32:53
  And you know, I want to revisit this because it is probably the
• 32:59
  most fertile soil for the price of silver, for the price of gold
• 33:04
  stagflation, What does that word mean to you?
• 33:07
  A stagnant economy with inflation?
• 33:11
  We're going to be hearing more and more.
• 33:13
  You can, you know, I think very likely that you're going to be
• 33:16
  hearing more and more about stagflation in the coming
• 33:21
  months. We heard about it in the 70s.
• 33:23
  We know what the price of silver and gold did in the 70s.
• 33:27
  I mean if we match the returns that we had in the 70s in the
• 33:32
  coming decade, you know these this idea of of of gold above
• 33:38
  $10,000 doesn't become all that unfathomable, unfathomable,
• 33:45
  unrealistic silver. Maybe we get the six digit
• 33:51
  silver, Keep new Meyer from First Majestic talks about 6
• 33:55
  digit silver all the time. We could see incredible
• 34:00
  increases. Good, good, right?
• 34:02
  I'm not guaranteeing it. Don't make financial decisions
• 34:05
  based on what I'm saying. That's my opinion.
• 34:08
  It's always important for you. Listen to me, Listen to other
• 34:11
  people, but listen to yourself, Number one, right?
• 34:15
  Do your own homework, do your own due diligence.
• 34:18
  But what? What excites me about the
• 34:21
  metals? And I don't know if you feel
• 34:23
  this as well. And again, I'm going to repeat
• 34:26
  this. Our good friend Richard Cooper
• 34:28
  in the United Kingdom, that you can feel it in your bones.
• 34:32
  I can feel it in my bones. The fact that at minimum I feel
• 34:37
  a high level of confidence that silver in particular is going to
• 34:41
  help me is going to maintain its value.
• 34:44
  It's real value what it can be converted for, whether I'm
• 34:48
  talking about bread, gasoline, real estate, whatever it is.
• 34:51
  But but there's a bonus kicker and that if if, if, if we get
• 34:57
  just a confluence of a couple of factors, right, whether it's
• 35:02
  monetary issues or industrial demand take off or the fact that
• 35:08
  somebody wakes up and and with the BRICS countries in the new
• 35:12
  markets that they're developing to trade silver, to trade gold
• 35:16
  to trade platinum. That if the couple of those
• 35:19
  factors come together, that we could see spectacular real gains
• 35:26
  in the price of silver and the price of gold and the price of
• 35:29
  platinum real increases. Meaning that instead of an ounce
• 35:34
  of silver buying you, let's say for easy and the easy example, a
• 35:39
  decent meal out. OK, it's about what it costs.
• 35:42
  Now an ounce of silver, you can go get a decent meal.
• 35:46
  I don't know it's some, you know, not a fancy restaurant but
• 35:49
  a sit down restaurant. You can get yourself an entree
• 35:51
  and a drink, right? And then pay a little tip, but
• 35:54
  that we could get in a situation, let's say four or
• 35:57
  five years from now where an ounce of silver could pay for a
• 36:00
  nice meal for you and seven of your friends.
• 36:04
  And I hope I'm one of them that gets to join you at that nice
• 36:07
  meal or that that ounce of silver.
• 36:10
  Instead of buying 10 loaves of bread, you can now buy 100
• 36:14
  loaves of bread. That's what I mean by real
• 36:17
  gains, not just numbers. Nominal means nothing, right?
• 36:21
  We could see silver go to go to $6000, but if a gallon of
• 36:27
  gasoline cost $3000, then that's not really all that great of a
• 36:32
  gain. You want real gains and we could
• 36:34
  get real gains. That's why Rafi Farber talks
• 36:36
  about you know if there's a confluence of these factors that
• 36:42
  coming together and and and a window could open where you
• 36:46
  could. He talks about buying a house
• 36:48
  for 100 ounces of silver as a possibility and but I did hear
• 36:51
  him say if I have this correctly like it's not gonna last for a
• 36:54
  long time. So you need to be prepared.
• 36:57
  You need to be on your toes and by you know by coming to Ron's
• 37:01
  basement by being a basement dweller, right.
• 37:04
  That's that's part of the process.
• 37:06
  But educate yourself in other ways as well.
• 37:08
  Be prepared mentally. Right.
• 37:10
  You want to be where Eminem, but we want to be prepared
• 37:13
  monetarily and we want to be prepared mentally for what could
• 37:17
  come down the road. There's no guarantee, right?
• 37:20
  And and and there's there's all there a whole range of scenarios
• 37:25
  about how things could play out as we move into the coming
• 37:29
  years, decades, whatever. But just be prepared.
• 37:33
  Just be prepared. All right, guys, let's go to the
• 37:36
  comments real quick. Hello, Neil from Neil, Hans
• 37:39
  Dynasty. Guys, Neil did a great video
• 37:41
  with the nickel stacker. Neil knows more about platinum
• 37:47
  than anybody West of the Mississippi and probably east of
• 37:51
  the Mississippi as well. Go check that out.
• 37:54
  OK. The nickel stacker, if I got
• 37:56
  that wrong. Neil, correct me in the
• 37:59
  comments, OK. OK.
• 38:00
  Annie Oakley, Thank you. Doug Crosby mindset, folks.
• 38:05
  Yes, 362, somebody tell me now, please.
• 38:10
  And the comments, how about how far is silver down right now?
• 38:15
  I'm just curious, is it down 1/4, is it down $0.50?
• 38:19
  I'd be curious to hear what, what's going on right now with
• 38:23
  the silver market. And if you have any questions,
• 38:27
  three question marks or something you want me to talk
• 38:30
  about. Now is your time.
• 38:32
  OK, now is your time. Have you seen the price of
• 38:40
  Campbell's Soup, guys? 2823 cents.
• 38:44
  Down spot. Today was 2378.
• 38:48
  Thank you, Mary. Jim Telly Powell, my friend.
• 38:53
  Down .66%. That's not all that bad.
• 38:57
  OK. It could be much, much worse.
• 39:00
  Much, much worse. That link is to the interview I
• 39:04
  did. Oh, thank you.
• 39:05
  Yeah guys, right up above you can see the link to Neil's
• 39:09
  interview with The Nickel Stacker.
• 39:12
  I'd recommend you check that out.
• 39:14
  OK2460 Alright guys, thank you for being here.
• 39:23
  OK, I'll be back tomorrow. You know it.
• 39:26
  You're special. You're important.
• 39:27
  It's a big honor for me when you join me here in the basement.
• 39:31
  We are in for some interesting, interesting times as we head
• 39:36
  into the coming months and quarters.
• 39:38
  I'll be here for you. OK.
• 39:39
  Thank you. And I'll see you soon.