Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🔥Silver SHORTAGE!🔥 You BEST Hear This - (Gold Price Update and Shortages too)

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🔥Silver SHORTAGE!🔥 You BEST Hear This - (Gold Price Update and Shortages too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  Unbelievable developments in the precious metal sector, gold and
• 0:05
  silver. We're going to talk about all
• 0:06
  the reasons why we can look forward to much higher prices in
• 0:10
  the coming months, quarters and years.
• 0:13
  Silver squeeze, silver shortages.
• 0:17
  And we have an industry heavyweight saying that he could
• 0:21
  see $100 silver one year from now.
• 0:25
  Heck, we think it could happen even earlier.
• 0:27
  But even more importantly, I want to say thank you for
• 0:29
  joining me down here in the Basement.
• 0:31
  You help this community reach a major milestone.
• 0:34
  We now have 60,000 subscribers. But the only thing that matters
• 0:40
  is you. It's always me, it's always you.
• 0:43
  We're together as a community. Thank you so much.
• 0:45
  Please do subscribe to the channel if you haven't already.
• 0:48
  It does help. And thank you for being here.
• 0:51
  Thank you for being part of the Basement.
• 0:57
  Sorry, having some problems with my voice instrument.
• 1:00
  Man, there is so much going on guys, let's go all over the
• 1:03
  world. We've got some crazy things to
• 1:06
  look at, pictures, data, everything.
• 1:09
  Have you ever experienced a period of time in the silver
• 1:12
  market or the gold market like we are right now?
• 1:15
  No, most likely not. Maybe you have.
• 1:18
  Maybe you were around during 1980, maybe you.
• 1:21
  I was not. I was 10 years old maybe, and I
• 1:24
  was around during 2011, but this is so different and there's a
• 1:27
  lot of reasons why it's different.
• 1:29
  Without further ado, let's dig into some very, very compelling
• 1:33
  reasons why we can be excited about what's happening.
• 1:37
  First we're going to go out here and start with Eric Young who is
• 1:41
  a well respected contributor in the world of X.
• 1:46
  He says they, the LBMA, the London Bullion Market
• 1:49
  Association, are borrowing, leasing physical silver to
• 1:54
  satisfy the outsized demand for physical silver, robbing Peter
• 1:58
  to pay Paul. Supposedly a big shipment of
• 2:02
  physical silver will arrive at the LBMA next week to satisfy
• 2:07
  the local London spot demand. This is why we haven't seen a
• 2:11
  big gap up of silver prices yet, but silver lease rates are
• 2:17
  exploding upwards. And then we go over here and get
• 2:21
  this news. Hold on here.
• 2:24
  Along the same line from Jensen's Economics, Precious
• 2:27
  Metals and Markets newsletter, it says Silver's London.
• 2:32
  Did I share the right screen? Hold on here, make sure we're
• 2:34
  on. Yes, we are.
• 2:35
  Silver's London lease rate surges to 39% in late October
• 2:42
  9th trading Bruce Ikamuzu, chief director of the Japan Bullion
• 2:46
  Market Association, which is different from the LBMA.
• 2:50
  The London Bullion Market Association gave an update late
• 2:53
  on October 9th that that late day silver implied lease rates
• 2:59
  for the London market surged to an extreme lease rate of 39% for
• 3:05
  one month. Lease tenor in London.
• 3:08
  It is absolutely crazy guys. Look, oh, we need to go out.
• 3:12
  We're going to go out and take a look at the prices right now.
• 3:14
  But everywhere in the paper make believe that market, the COMEX
• 3:19
  in the LBMA that has been manipulated for years and years.
• 3:24
  Everywhere we look, there are massive signs of big, big
• 3:28
  trouble, right. We could are we at the silver
• 3:33
  squeeze? We know there's shortages for
• 3:35
  gold and silver developing already.
• 3:38
  We're going to look at data for that.
• 3:39
  But before I forget, let's go get an update on the prices
• 3:43
  because they have been volatile as of late.
• 3:46
  We'll start out here at Kitco. OK, there's let's make sure
• 3:49
  that's hold on now I'll bring you out to Kitco and we're going
• 3:55
  to update this to make sure that we get the up to the second
• 3:59
  price. Will we stay at 50 or will we
• 4:02
  dip below to 4999? We will be at $50 per oz silver
• 4:10
  in the spot market. Now let's run out and look at
• 4:13
  the Got to CNBC here and look, Oh my gosh, this is crazy, guys.
• 4:22
  That's the futures price right now.
• 4:24
  Is that correct? Yeah, we're updating right now
• 4:27
  under $48. This is severe backwardization
• 4:31
  when the spot price is almost $2.00 over $2.00 per oz higher
• 4:37
  than the futures price. That should always be opposite.
• 4:40
  The spot price should be lower than the futures price.
• 4:44
  What that implies is big, big trouble.
• 4:47
  And what that implies is that people are getting very anxious.
• 4:52
  This is more than speculation about the ability to get their
• 4:56
  hands on physical silver. They're willing to pay a big
• 5:00
  premium right now in the spot market over what they're think
• 5:05
  they may get it for in December. This shows that there's this
• 5:10
  indicates that quite possibly there's some very serious
• 5:14
  concern about December silver able to be delivered.
• 5:19
  Let's go look at the gold price. These prices look at that.
• 5:22
  I mean it are moving all over, but in the futures market we
• 5:26
  have gold at 4025. I wonder if gold is backward as
• 5:30
  well. Let's look at the spot price of
• 5:32
  gold. Uh oh hold on a second here hold
• 5:37
  on one second see if I can Google this and I'm going to get
• 5:42
  you on the right screen. We'll do the Kitco Spot gold and
• 5:47
  silver. So futures on gold was 4025.
• 5:54
  The the spot price should be lower, which it is.
• 5:58
  OK, so the gold market's at 4000.
• 6:02
  The spot price is lower than the futures price, which is a normal
• 6:05
  healthy type market. OK, now let's go.
• 6:07
  Look, are you are we on the right screen?
• 6:11
  Are you looking at me right now, Huh?
• 6:13
  Hey, thank you again for being here.
• 6:15
  Don't forget to subscribe. Don't forget to leave a comment.
• 6:17
  Most importantly, right, you're part of this.
• 6:20
  You're part of this community. Leave a comment in the comment
• 6:23
  section. That way we can all learn from
• 6:25
  each other. Trust me, I'm often wrong.
• 6:27
  You can check with my wife upstairs, Susie, who
• 6:30
  communicates on this here. Walkie talk hockey, right?
• 6:33
  That's our ability to learn is from each other.
• 6:35
  So please don't just subscribe, but engage.
• 6:38
  Your brain matters, right? And don't just listen to me.
• 6:41
  Listen to other people out there in the precious metal sector, in
• 6:44
  the financial sector, right? Make up your own mind.
• 6:47
  You're smart, you got a lot. Here's a fact I can tell you
• 6:50
  quickly about yourself. Then we're going on to more
• 6:52
  crazy stuff about gold and silver.
• 6:55
  But I can tell by the YouTube analytics, I get all kinds of
• 6:58
  data of the people that come down here in the basement have a
• 7:01
  little more intellectual horsepower than the average
• 7:04
  bear. OK, now, unbelievable.
• 7:09
  And there's a big reason why we want to pay attention to this
• 7:12
  next piece of data. We finally did it.
• 7:14
  We've been talking about this for months and months.
• 7:18
  We're going to go to this piece of data from the dude.
• 7:21
  OK, got listen to this guys. I'm going to highlight it for
• 7:24
  you and we'll highlight it in in here.
• 7:29
  We'll do yellow. Yeah, we'll do yellow.
• 7:34
  What the heck? OK, The dude shares with us and
• 7:37
  I appreciate him putting this date out every day.
• 7:40
  The silver market, the paper silver market, the electronic
• 7:44
  silver market, the fantasy island.
• 7:47
  Duplain. Duplain, Remember that show that
• 7:49
  right? The make believe, not the real
• 7:51
  physical silver market. The make believe market in one
• 7:55
  day yesterday when we had that crazy activity right where
• 7:59
  silver got slaughtered, what $2.43 or whatever traded 1.1
• 8:06
  billion oz paper ounces to manipulate the price below $50.
• 8:12
  Look, guys, 1.1 billion ounces of paper make believe.
• 8:17
  There it is, right? Feel it.
• 8:18
  Where is it? Oh, there, there's, there's
• 8:20
  there's some Comex silver here. This is a Comex silver bar.
• 8:25
  How do you like it? Isn't it beautiful?
• 8:27
  Oh, wait. Oh, it disappeared.
• 8:29
  They traded 1.1 billion oz yesterday.
• 8:33
  The whole darn mining sector working 365 days a year, 24
• 8:38
  hours a day only digs up for the whole year 800 million but
• 8:44
  somehow make believe silver at the COMEX was able to trade in
• 8:50
  one day 1.1 billion. Think about it, it's absolutely
• 8:55
  crazy. More crazy data everywhere we
• 8:58
  turn. Here we go.
• 9:02
  This post came from our friend Make Gold.
• 9:05
  Great Again. Zero.
• 9:07
  This was yesterday. I, I I'm sure it's worse today,
• 9:11
  but maybe not. I don't know what to see, but
• 9:13
  yesterday there were zero SLV silver shares left to borrow.
• 9:18
  Still, that means there's no more left to short OK, and the
• 9:25
  borrowing fee continues to melt up.
• 9:28
  It got higher than 12% yesterday.
• 9:31
  Who knows where it's going to hit today with again, continued
• 9:35
  craziness. This could be a crazy weekend
• 9:38
  for everyone in the silver and gold sector.
• 9:44
  Sorry guys. I'm having some voice issues
• 9:46
  this morning. Maybe I need to talk softer is
• 9:48
  worth some soft silver talk here in the basement with Ron.
• 9:52
  OK, what about India? Did we get some news from India?
• 9:56
  Because remember, all right, this is a worldwide market that
• 9:59
  we are in a way different situation today in silver and
• 10:04
  gold than we were in 2011 or 1980.
• 10:07
  India and China did not matter. They mattered a fraction of what
• 10:12
  they matter today. India is a massive importer of
• 10:16
  precious metals. People in India, all 1.4 billion
• 10:20
  of them, what four times the number of people in India is
• 10:24
  there are in the United States alone.
• 10:26
  They love golden over and listen to this that came out from
• 10:31
  Reuters. India's Kotak Mahindra halts new
• 10:39
  investments in the silver ETF amid shortage.
• 10:44
  Wait a minute, shortage. And then if we go up here,
• 10:48
  silver shortage being mentioned, well, in the upper left corner
• 10:52
  here, I'll circle it for you. We'll get the crayons out.
• 10:57
  Come on, crayons. Bear with me.
• 11:00
  Having some tech issues. Why is that not working?
• 11:03
  Hold on, hold on. There we go.
• 11:05
  Reuters, Reuters, right. Reuters and Bloomberg, the
• 11:10
  leading mains, the mainstream. Remember that chart we looked at
• 11:13
  the other day, guys that showed the psychological does the the
• 11:17
  periods that you go through in a big major good bull market,
• 11:22
  right. One of the earlier things that
• 11:24
  happens we are in early innings is the mainstream meet up.
• 11:27
  The media starts to talk. That's Reuters talking about a
• 11:31
  shortage OK of silver. I won't even read it.
• 11:42
  OK with there we got. We have so much more to cover.
• 11:45
  What about would you believe me if I told you that physical if
• 11:51
  you're if you're living in China right now and you want to get
• 11:53
  your hands on one ounce of silver, here's 5 oz.
• 11:57
  We're going to talk about this company later, but that's
• 12:00
  channel sponsor first met, right?
• 12:02
  If you want to get your hands on one ounce of this, that's a
• 12:05
  beautiful 5 oz bar. Look at that, that thing's a
• 12:08
  real beauty. Susie loves it.
• 12:10
  By the way, if you want to get your hands on some silver, do
• 12:12
  check out channel sponsor First Mint.
• 12:14
  I have a tweet they put out that I'm going to share here in a
• 12:16
  little bit, but they've got a wide selection of world class
• 12:20
  silver bullion products. They're owned by First Majestic
• 12:23
  Silver, Keith Neumeyer's big silver mining company.
• 12:26
  They mine the silver in Mexico. They ship it to Las Vegas, NV to
• 12:30
  1st Mint where it's made into these products and then it goes
• 12:33
  directly to you. There's a discount code VIP,
• 12:37
  like very important person RB Ron's basement.
• 12:41
  OK, VIPRB, they got free shipping over $299.
• 12:45
  It's the freshest silver on the market, literally coming
• 12:49
  straight from the ground to you. And it's never touched by the
• 12:52
  Comex or the LBMA. Check them out at firstmint.com.
• 12:57
  But if you're in China and you want to get your hands on some
• 13:00
  silver, you're going to pay $59.90.
• 13:04
  Let's see if there's proof of this or am I just blowing a lot,
• 13:07
  a lot of silver hot air? No, there's proof.
• 13:10
  John Forrest Little asked a question on X.
• 13:14
  Is silver really about $59.90 per oz on jd.com?
• 13:20
  jd.com, it is my understanding and I'm a 99% sure of this is
• 13:27
  the equivalent of Amazon in China.
• 13:31
  And darn it, he answered yes. Where did he answer yes, yes,
• 13:37
  raw silver. There it is right there.
• 13:39
  OK, so look, guys, that's what it costs to get your paws, if
• 13:44
  you're Chinese, on an ounce of silver in China.
• 13:47
  Now we're going to look at some well, now we're going to look at
• 13:49
  this, this unbelievable tweet from first Mint, right?
• 13:52
  A mint, a silver mint in the United States.
• 13:55
  Then we're going to look at some unbelievable pictures that give
• 13:58
  us evidence that they're all over the world.
• 14:02
  It hasn't even really started in the United States yet, OK?
• 14:06
  And we could be the tidal wave. It could be like trying to drain
• 14:10
  Hoover Dam with a garden hose or a drinking straw.
• 14:15
  Doug Casey said that I want to give him credit, OK.
• 14:18
  But we're going to look at evidence around the world and
• 14:20
  when and when your neighbors, you know who your neighbors are
• 14:23
  who don't know anything about silver and gold yet, right when
• 14:26
  they when they come to your door and knock, they're the sheeple.
• 14:29
  They're here's what they're going to say to you.
• 14:30
  They're going to say, and you can say, yeah, go to the local
• 14:37
  coin shop, you're going to see a bunch of empty cases and you're
• 14:41
  going to pay a lot more money for it and you're going to wait
• 14:44
  5 to 8 weeks. You know, that's my speculation.
• 14:47
  By the way, I'm not a financial advisor.
• 14:50
  Don't make any financial decisions based on what I say.
• 14:52
  I'm speaking my truth from my basement because I still live in
• 14:56
  the United States of America and I'm allowed to do that.
• 14:58
  Thank you for being here, by the way.
• 14:59
  Let's look at what first meant has to say.
• 15:02
  This is interesting. This is the big meant again that
• 15:05
  happens to sponsor answer my channel, but this tweet got a
• 15:08
  ton of views. Let me just check that out first
• 15:13
  and it had, I don't know, like 20 hold on here.
• 15:18
  Wow 70,000 views. You can see right there.
• 15:21
  There's everybody lined up at the silver store, but here we
• 15:25
  go. This was on the 8th.
• 15:27
  Something shifted today. OK, this is a mint in the United
• 15:30
  States. We had record revenue on the
• 15:33
  website firstmint.com. Average order values tripled.
• 15:38
  Dealers requested 10s of thousands of Oz ASAPA half dozen
• 15:45
  custom coin order inquiries they make custom silver coins.
• 15:49
  A half dozen custom quarter custom coin order inquiries came
• 15:54
  in from non traditional channels.
• 15:57
  Things feel different like a chasm has been crossed.
• 16:01
  It wasn't fear, uncertainty or doubt.
• 16:04
  It was more like genuine excitement.
• 16:07
  Hoping this keeps up. So, so we are focused to call
• 16:11
  the mine right, because they get their silver directly from First
• 16:14
  Majestic, their mines in Mexico and direct more ounces away from
• 16:20
  industry, hi ho, away from industry, away from the COMEX
• 16:25
  and the LBMA who are clamoring right now to get their hands on
• 16:29
  some silver. There's a, I'll just say it,
• 16:33
  there's to 1° or another. And I always try to air on the
• 16:36
  side of conservatism. There's a silver shortage.
• 16:39
  And I believe at minimum we've already had, we've talked about
• 16:42
  this, not a silver squeeze, but a silver squeeze.
• 16:49
  Say that with me with a big smile on your face, right?
• 16:52
  This is not a spike in the silver price like we had in
• 16:56
  1980, like we had in 2011. This has been a nice steady
• 17:01
  increase because of all those fundamental supply and demand
• 17:07
  factors that you and I have talked about that we've known
• 17:09
  about for years and years, right?
• 17:12
  And nobody's been investing in future silver supply, right?
• 17:16
  Mining, or I mean, the smart people were like Keith Neumeyer,
• 17:21
  the guy at Dolly Vard and Silver, a handful of other
• 17:24
  companies. What's that one out in Nevada?
• 17:27
  What's it called? Darn it, Not Berkshire.
• 17:30
  Anyway, we're in good shape. OK, let's look around the world
• 17:35
  right now and see what's going on.
• 17:37
  You ready for some shocking pictures?
• 17:39
  The reason why we're going to look at these pictures because
• 17:42
  they're going to tell us something about what's going on
• 17:45
  outside of the United States and going on right now in the
• 17:49
  precious metals market. Some of these are for gold, some
• 17:52
  of these are for silver, but I think they're for both.
• 17:55
  Here's the first one, Martin Place Q is ballooning now, Gold
• 17:59
  Rush. This is 11:20 AM and I believe
• 18:04
  that's in Australia. There's people lined up to get
• 18:08
  their hands on gold next. There's a lot.
• 18:12
  OK, here's the next 10. Here's an article from Australia
• 18:17
  up. Shoot.
• 18:18
  Did I forget to show that picture?
• 18:19
  I think I did. Sorry, guys.
• 18:21
  There you go. That you looked at the line of
• 18:24
  people at the silver store right now.
• 18:26
  You should be looking at what you are.
• 18:28
  That's in Australia. That's the one I just read.
• 18:31
  Let's go to this article. Hold on here.
• 18:36
  Here we go. See if I can get rid of this and
• 18:41
  boom, OK, This comes from the nightly.com AU that's from
• 18:46
  Australia. When it says dot AU, lunchtime
• 18:49
  queues and $6000 bars, that's an Australian money.
• 18:55
  Australia's new gold rush hits Martin Place.
• 19:01
  OK, big article again. You know, the, the, the, the,
• 19:05
  the gist of it is that basically people in Australia are lining
• 19:10
  up for silver. We got another one here.
• 19:13
  Another one. My gosh, from where we look,
• 19:17
  there we go. This is ABC Bullion in Sydney,
• 19:20
  Australia. Let's look and see if we can
• 19:24
  zoom in on these people's faces. Look at them.
• 19:26
  They're all smiling. They're like, I'm going to get
• 19:28
  my hands on some silver and gold before it's too late, OK?
• 19:34
  This is what people talked about happened in 1980 and we knew it
• 19:38
  happened in 2011 as well. Going to your local coin shop in
• 19:42
  the United States. And guys, you know it's not we
• 19:45
  don't, we don't just need look, look, here's the good news.
• 19:49
  There's a reason why we're looking at this.
• 19:50
  We're going to go to China and Hong Kong next, but it doesn't
• 19:54
  matter if that I think that's very likely that will happen in
• 19:59
  the United States. It might be happening today,
• 20:01
  right? But but we don't even need the
• 20:03
  United States for the silver and gold shortage to it's already
• 20:07
  happening, right? The beautiful thing about this,
• 20:11
  right, Silver is guess what? It's worldwide, it's
• 20:16
  decentralized, it's democratized, it's been around
• 20:20
  for 5004 thousand years. OK, so to think that, oh, it's
• 20:24
  got to have it. It is it.
• 20:26
  I think it will happen in the United States, but it's already
• 20:28
  happening around the world. Let's look at some more
• 20:31
  pictures. Back to Sydney and next we are
• 20:34
  going to go to their Hong Kong. OK, look at all these people in
• 20:40
  Hong Kong lined up. There's the line right there to
• 20:44
  buy precious metals. There's another picture, right?
• 20:47
  People lined up at a gold and silver store to buy precious
• 20:51
  metals. Hey, we're going to talk about
• 20:53
  $100 silver from an industry heavyweight.
• 20:56
  We're going to do that next, but let's look at one more picture
• 21:02
  in this. Am I sharing this?
• 21:04
  Yes, I am. This comes from it's everywhere.
• 21:08
  Hong Kong again, that's at the IFC Mall, 5:00 PM yesterday.
• 21:13
  When they say yesterday, that was probably Wednesday.
• 21:16
  But look, there's more. That's the picture we just
• 21:18
  looked at. There's that one.
• 21:20
  Let's see if anybody, I don't think anybody else posted on
• 21:23
  this one, but it's happening guys, and it's happening all
• 21:27
  over the world. Again, the reason why we want to
• 21:29
  keep tabs of this, India, China, Australia, Canada is now saying
• 21:36
  that they're not going to sell these.
• 21:37
  Some bullion dealers in Canada are like, sorry, America, we
• 21:41
  aren't shipping to you anymore. It's happening, It's real and
• 21:45
  it's a real deal. And now we're going to look at a
• 21:48
  industry heavyweight that's telling us why he thinks silver
• 21:53
  right, could hit $100 and he's saying a year from now, I happen
• 21:57
  to think it could happen a lot sooner.
• 21:59
  But let's listen to the industry heavyweight and see what he is
• 22:02
  has to say. This comes from Kitco and our
• 22:05
  good friend Neils. Neils Christensen.
• 22:08
  I love Neils, he used to make videos a long time ago.
• 22:11
  Now he just writes and he is one of the best precious metals
• 22:14
  writers out there. Hello Neils.
• 22:16
  On behalf of myself and all the basement dwellers, we appreciate
• 22:19
  you. He says silver pushes above 50.
• 22:22
  What's next for the precious metal?
• 22:24
  And he goes through all kinds of data.
• 22:27
  OK. But this is the part I want to
• 22:28
  read to you that I think is most important.
• 22:33
  Grab your coffee, I'm going to read a little story to you.
• 22:36
  Silver's charge towards the $50 mark, a 71% year to date
• 22:41
  increase, is being fueled by powerful real world forces
• 22:46
  rather than speculation. That drove its 1980 high, A
• 22:51
  deepening structural deficit, record industrial demand.
• 22:56
  It reached a record 600 and 8600 and 80 million ounces in 2024.
• 23:01
  And accelerating investment in green technologies are
• 23:06
  tightening supply and pushing prices higher.
• 23:10
  That's according to Paul Williams, the managing director
• 23:14
  of gold and silver supplier Solomon Global.
• 23:18
  He said, quote, while silver doesn't share gold's fall safe
• 23:22
  haven credentials, it's dual role.
• 23:26
  OK, Remember that about silver, right?
• 23:28
  There's a reason why that's very important.
• 23:30
  It has a dual role as an industrial and store of value.
• 23:35
  Metal continues to draw investors seeking stability and
• 23:40
  upside from all around the world of all ages.
• 23:43
  Everyone is waking up, even the sheeple.
• 23:48
  OK, now in purple. This is when he knocks it out of
• 23:52
  the park. William said it is not difficult
• 23:56
  to imagine silver at $100.00 an ounce by the end of 2026 as
• 24:07
  industrial consumption is not expected to weaken anytime soon.
• 24:12
  So think about that, OK? Think about that, OK?
• 24:16
  Industrial consumption is going up and up and up.
• 24:21
  Investor interest in silver is going up and up and up and up,
• 24:28
  right? Investment demand, up.
• 24:30
  OK, Investment demand, I'll repeat that, up.
• 24:34
  Industrial demand up. What about the wild card that
• 24:37
  nobody talks about? The fact that one in 5 ounces of
• 24:40
  silver is used in jewelry and people are getting very fond of
• 24:43
  what you and I knew all along. Silver jewelry is beautiful.
• 24:46
  Up. All of those demand sources.
• 24:49
  Up, up, up. While at the same time we
• 24:54
  reached peak silver mine output in 2016.
• 24:59
  I don't know. Do you have to be Albert
• 25:00
  Eisenhower to see what's obvious?
• 25:04
  It sure looks like that silver. And we love gold too.
• 25:06
  Don't get me wrong, I love gold. I love gold mining stocks, but
• 25:10
  boy, the the story for silver looks great.
• 25:12
  Hey look, I do also want to say thank you right here.
• 25:15
  First mining gold. If you like mining stocks, you
• 25:19
  can check them out. It's a stock that I owned long
• 25:21
  before they sponsored my channel.
• 25:23
  I made videos about the company way before I was ever monetized
• 25:27
  on YouTube or, or head sponsors, anything like that.
• 25:30
  OK, I'm not a financial advisor. Do your own research, stocks are
• 25:35
  risky, all that great stuff. But first, mining gold is a
• 25:38
  development stage gold mining company in Canada.
• 25:42
  OK, So they're they have the gold, it's in the ground,
• 25:46
  they're working through the process that it takes to turn
• 25:50
  these massive deposits into mines, right, the permitting
• 25:53
  process, all the all the other things that need to be done.
• 25:57
  But the gold has been defined in the ground 222 separate huge
• 26:02
  multi million ounce projects, spring pull in Ontario and
• 26:06
  Duparquet in Quebec. These are massive multi million
• 26:10
  ounce projects in Canada. And Canada is considered to be
• 26:14
  one of the best jurisdictions, safest jurisdictions, right in
• 26:18
  the big mining companies. They need to replenish their
• 26:20
  pipelines and even now they're looking to grow, right.
• 26:24
  And 1st mining Gold has these two big projects that I think
• 26:27
  are going to become very attractive to some of the big
• 26:30
  mining companies. Again, that's just my opinion.
• 26:33
  Do your own research and and you can do that at their website
• 26:36
  firstmininggold.com. Guys, buckle up, we are in for
• 26:40
  some fun times ahead. I appreciate you being here.
• 26:43
  Please subscribe, subscribe to the channel and Susie's talking
• 26:48
  on the walkie-talkie. Thank you, sweetheart.
• 26:50
  I'll ring the gong right now. We got over 200 likes.
• 26:53
  That's it again, guys, I mean over 1000 people on this live
• 26:58
  stream, man. And what does that mean?
• 27:00
  OK, look, look, let me tell you something very important.
• 27:03
  All of you stay here. The fact that we've got 1000
• 27:06
  people on a live stream about gold and silver means more and
• 27:10
  more people are getting interested in joining in the
• 27:14
  basement. I've had 1000 once or twice
• 27:16
  before over the years, but I can tell you there are more and more
• 27:20
  people watching our videos. I'd like to think that's because
• 27:23
  of my boyish good looks and flamboyant personality, but I
• 27:27
  think a big part of it has to do with the fact that we've got new
• 27:30
  people. People are converting from sheep
• 27:33
  them into silver and gold investors.
• 27:37
  That's what we'll call those people the sheep.
• 27:40
  And that's a big good thing that will be, it's not gonna take a
• 27:43
  lot. Remember the law of small
• 27:45
  numbers, okay? We are such a small elite group
• 27:49
  that understands gold and silver, but we're a little
• 27:53
  fragment of the overall people, like one in 101 in 200.
• 27:57
  When that number, it's easy for that number to go from, let's
• 28:00
  say one in 100 to 5 in 100. That's five times the amount of
• 28:05
  people, five times the amount of money in the precious metal
• 28:09
  sector. So that's a good thing.
• 28:10
  I'm going to ring the gong 3 times the golden gong.
• 28:18
  It fascinates me how it resonates.
• 28:20
  Listen to that. All right?
• 28:25
  Have a great day. Thanks for being here.
• 28:27
  OK? Be good to yourself and I will
• 28:29
  see you. Yeah, you.
• 28:31
  I'm talking to you soon back here in the basement.