Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / WHAT He sees! Can send Silver Price and Gold Price much HIGHER

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WHAT He sees! Can send Silver Price and Gold Price much HIGHER · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  Are you experiencing it? Massive upward movements?
• 0:05
  It's real. It's happening to the gold and
• 0:08
  silver price. We're going to talk about all
• 0:11
  the reasons why in this video. We're also going to talk about
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  big, big news stories that will continue to impact the price of
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  silver and gold. Warren Buffett has something to
• 0:24
  say. That alone will provide massive
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  support to the precious metals as we move into the coming
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  months, quarters and years. Big breaking news in terms of
• 0:34
  legal tender legislation. And of course, we got to talk
• 0:38
  about what's going on with China and a lot more.
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  Thank you for being here. Thank you for being part of the
• 0:44
  basement. This is not possible with
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  without you. We love to talk about gold and
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  silver. I want you to feel like you have
• 0:51
  a little gold and silver home away from home.
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  So let's start by talking about what's going on in Missouri with
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  legal tender with gold and silver because we have some
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  breaking news there. This comes from our friends at
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  the Citizens for Sound Money who tell us yesterday, huge win for
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  sound money. The Constitutional Money Act
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  attached to HB754 has officially passed the Missouri House.
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  Now it's heading to Governor Keogh's desk for signature.
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  One step closer to restoring gold and silver as legal tender
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  in the Show Me State. But it gets even more
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  interesting when we go to the Missouri Freedom Initiative.
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  Who's covering the story also, but highlights that Missouri's
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  bill also carried a 'cause to prevent state and federal
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  government confiscation of gold and silver, which no other state
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  has done before. This is on the way to the
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  Governor Mike Keogh's death. So why is this important?
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  Hold on here, guys. I think we're having a little
• 1:59
  technical problems. Are we back?
• 2:03
  Here we go. We're back.
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  Sorry about that. Hopefully we're still alive and
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  you guys can all see me and hear me.
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  It's a big deal to us as gold and silver investors for one
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  simple reason, right? It gives you the right to use
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  gold and silver, to hold gold and silver, to store value in
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  gold and silver. And it is sweeping across the
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  country. It's been going on for the last
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  several years. Legal tender legislation in
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  Missouri is just the next. Now let's talk about silver
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  breakout. Let's talk about, oh sorry I
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  almost forgot, $60.00 silver. Yeah, that's right, You saw it
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  on the thumbnail, correct? I believe by April 1st of next
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  year, 2026, we will have $60.00 silver.
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  Now remember, right, Remember we used to talk about gold going to
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  3035 hundred. Those numbers have already been
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  met and people would scoff at us.
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  I got all types of of insults hurled at me a year, a year and
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  a half two years ago when I talked about gold getting to
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  3000 or $3500. We're there.
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  OK, it's happening. Silver, I believe now don't make
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  any financial decisions based on what I say, but I feel based on
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  all of my analysis and research that we will have $60.00 silver
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  by April 1st of 2026. Let's go take a look at somebody
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  else who I believe agrees with us, and this is a chart from our
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  friend Rashad, but let's just read what he has to say.
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  First, he said Silver is looking very bullish in my opinion.
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  After forming a false breakdown, Silver is back within 15 month
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  formation. False breakdowns almost always
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  lead to legitimate breakouts. Let's give Silver another chance
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  and let's take a closer look here at this chart and what we
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  see. Let's get the crayons out here.
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  This area right here is what he's talking about, the false
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  breakout, which was just a little bit ago.
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  Now we are back within the, I call it a triangle, but I think
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  a wedge is more appropriate. And guys, today with what's
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  going on, we are up in this area.
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  We could go flying much, much higher.
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  We know that we have the world's biggest, longest, most powerful
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  cup and handle formation ever in the silver market.
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  And let's head out to our friends at CNBC and get an
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  update on the gold and silver price.
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  Wow. Gold in the futures market up
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  $96 per oz. Silver up almost $0.90 per oz.
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  Incredible, incredible movement and activity going on right now
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  within these markets. Now, guys, just a few days ago,
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  I don't want to say I told you so, but I told you so, I told
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  you likely so. I never say that my predictions
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  are absolutely going to come true.
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  But we had a rough patch in the markets a few days back.
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  Remember what we talked about, the Chinese market was on
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  holiday, it was their Chinese Labor Day market.
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  And I said in the past what we've experienced, do you
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  remember seeing this, that when China shuts their metals markets
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  down, it gives a perfect opportunity for those traders at
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  the LBMA and the COMEX to manipulate the price down.
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  And that's exactly what we saw. Let's go out to the Silver
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  Academy because this is fascinating piece of research
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  that they are sharing with us. Headline from the Silver
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  Academy. The final stand Breaking
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  silver's chains and a rigged system.
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  China's markets were recently closed for five days due to the
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  Labor Day holiday, which began on April 30th.
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  The market reopened last night. That was Monday and guess what?
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  Silver started soaring. Here's why.
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  Silver's paper trap How the West W fake metal market suppresses
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  prices. People have spent decades
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  researching this. It is finally, now I believe,
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  starting to get some mainstream, more mainstream attention.
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  Here's the smoking gun. Over 90% of silver's price gains
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  occur during Eastern Hemisphere trading hours.
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  That would be in China, when the Shanghai Gold Exchange dominates
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  with physical bullion transactions.
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  Conversely, 90% of the metals declines.
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  What? Oh, shoot.
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  OK, Sorry guys, you heard me say it.
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  I forgot to share it. There we go.
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  There's the there's the Silver Academy.
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  I read all this all to you already.
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  Basically, 90% of silver's gains occur during China's trading
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  hours, and conversely, 90% of its declines happened during
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  COMEX and LBMA hours in New York and London, where paper
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  contracts dwarf real metal by a staggering 250 to one race.
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  This isn't free market economics, it's financial
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  engineering. OK, while the Shanghai Gold
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  Exchange settles trades intangible silver, COMEX and
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  LBMA operate as a derivative casino.
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  Banks like JP Morgan Chase find 920 million in 2020 for spoofing
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  silver markets flood exchanges with unbacked paper silver
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  futures. These contracts, equivalent to
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  378 times annual mining output, create an artificial surplus
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  that suppresses prices. So look, what better proof do we
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  have that when the Chinese markets are closed, the metals
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  prices get tamped down. But when the when the Western
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  markets have to face competition, when the Chinese
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  markets reopen, right, suddenly, did you notice that prices
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  skyrocket, right? It's incredible what's going on.
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  And it shows us, right, as China becomes more dominant in the
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  metals trades that we can look forward to even higher prices
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  for gold and silver. Don't forget, we're going to
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  talk about Warren Buffett. I'm saving that for last.
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  What he's saying that's going to make the gold and silver prices
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  have robust support for the coming months, quarters and
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  years. While we're talking about China,
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  let's just go out and take a look at the actual gold and
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  silver price in the Chinese markets.
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  This comes from our friend the Oriental Ghost, who on a daily
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  basis gives us this wonderful blue chart which gives prices of
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  gold and silver in the SGE. For those of you who are new, I
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  just want to point this out. The SGE is the Shanghai Gold
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  Exchange. OK, AG, as you can see there,
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  that is the periodic element symbol for silver, closed at
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  $35. All right, that's in price in
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  U.S. dollars, you can see right there, $35.42.
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  Hold on here. Let me go back to the futures
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  market. Oh my gosh.
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  In the futures market in the United States, as you can see,
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  silver's only at 3335, even though it's up a full dollar
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  today. All right, let's go back here
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  and here we go. Let's check out gold.
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  And where is gold on the Shanghai?
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  There it is right there, right? The gold price is at $3415.
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  Now the big difference, the big key take away here is, and it
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  was mentioned in that article by the Silver Academy is the
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  absolute fact that the Shanghai Gold Exchange is a physical
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  market. OK, So that price that you just
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  saw over $35 per oz for silver is the physical silver price,
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  right? Base.
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  That's the base in China. It's a physical market.
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  The Comex and the LBMA, the London Million Market
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  Association, right? Those are paper.
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  I levered up 203 hundred times. However you want to look at it,
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  it's make believe, right? It's paper silver.
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  The real silver price in China is taking a dominant position in
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  the metals markets is almost a full $2.00 per oz higher or more
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  than the spot price here in the United States.
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  We've seen it happen before where the where the price in
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  China gets as high as 14 percent, 15% higher.
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  This tells us the reason why we want to pay attention to this is
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  because this tells us what the real price for real physical
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  silver is in the real market. The dominant metals market, the
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  emerging leader in precious metals, which happens to be
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  China. At this point, it's getting
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  crazy. Let's go look at while we're out
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  here, let's go take a look at what we are seeing.
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  How many ounces are being traded on the electronics markets.
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  This comes from the dude who puts this great data out every
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  day. And as we can see, as of
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  yesterday, the silver market traded 187,000,000 paper oz.
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  That's the Comex and the LBMA. So that's actually low.
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  We see often times that number get as high as 400 million or
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  500 million off it oz. But none the less think about
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  this. That's still in one day, 25% of
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  the world's entire mining output of silver the entire year mining
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  output of silver, 25% of it being traded electronically in
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  one day. Hey, I want to say thank you to
• 12:17
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• 12:31
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• 12:44
  Thank you for sponsoring Ron's basement.
• 12:46
  Now let's talk about guys, what did Warren Buffett, Warren
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  Buffett shocked the world, But Warren Buffett said some things
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  that I believe are very, very optimistic and bullish for the
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  silver markets and gold markets. They just had their big annual
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  convention. 20,000 people went to Omaha to hear Warren Buffett
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  speak. He shocked everyone by
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  announcing his retirement, but he said something even more
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  shocking that every precious metals investor needs to listen
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  to. And I'm going to explain to you
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  right now the reasons why. See if we can find.
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  There it is. Here we go in yellow.
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  Wrong sheep. Sorry, guys, hold on here.
• 13:36
  We're having some technical issues today.
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  OK, here we go in yellow. Warren Buffett says the dollar
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  is going to hell. Invest in local currencies.
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  Don't worry. We're going to dig into this.
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  There's Warren. Goodbye, Warren.
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  He's going to be retiring soon. OK, So he said this on Sunday
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  that his investment arm is considering entry positions in
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  foreign currencies and bluntly said that the US dollar could be
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  going to hell. There's more, don't you worry.
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  He also said, highlighted in yellow.
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  We would not really invest in a currency meaning the US dollar
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  that is going to hell. The billionaire added that a
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  currency's value can be a very scary thing, especially when
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  governments act without restraint.
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  There's more, there is more. But first I want to look at you.
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  That's Warren Buffett, like the poster child for invest in
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  America, it's the greatest country in the world, saying
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  that there could be issues with the US dollar.
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  That's a big, big, big deal, right?
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  And do you agree with him? I do right that our leaders are
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  acting right now without restraint.
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  This is sending a warning shot. This is Warren Buffett.
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  Nobody questions Warren Buffett, right?
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  Warren Buffett's like the godfather of investing in the
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  United States who has always been absolutely pro America.
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  And we're getting a message from him now, a big warning about the
• 15:18
  US dollar. We'll talk more about that, but
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  let's get back to the article and see if he had anything else
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  to say. Oh, he did.
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  Last thing, the ace investor criticized the US fiscal
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  behavior, calling it alarming. That's what he's referring to as
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  the overspending by our government and question the long
• 15:42
  term strength of the dollar. But it then went ahead hinting
• 15:46
  that Berkshire Hathaway could take entry positions and foreign
• 15:49
  currencies. Next quote.
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  There could be things happening in the United States that make
• 15:55
  us want to own a lot of other currencies.
• 15:59
  Guys, we don't have to pull it up.
• 16:01
  You know, we've looked at it, right?
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  the US debt clock. Oh, yeah, I guess we do need to
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  pull it up. Let's pull it up quickly.
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  We'll spend just a few seconds here.
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  Here's the US debt clock. This right here.
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  This right here is what he's talking about.
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  Let's go. Yellow.
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  Orange is yellow. Anyway, this right what I'm
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  circling on your screen. Almost $37 trillion in national
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  debt is what he's talking about. Fiscal irresponsibility, excuse
• 16:39
  me, on the part of our leaders. What does that mean for the gold
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  price and silver price measured in dollars?
• 16:47
  As we go, as we go forward, guys, there's only one way out
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  of that predicament that we just looked at and that is renting
• 16:55
  money, devaluing the currency, however you want to slice it or
• 16:59
  dice it, right? Everybody looks at the DXY index
• 17:03
  and sure, it's important and yes, it will have a short term
• 17:06
  impact on the metals price. But the big picture is this.
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  All the world major Fiat currencies are awash in debt,
• 17:14
  the US dollar, right? What's it based on?
• 17:17
  It's not based on silver, gold, it's based on debt.
• 17:20
  It's based on promises, and the world appears to be waking up to
• 17:24
  the fact that the United States has put itself in a position
• 17:28
  where it might start to have a little problem fulfilling all of
• 17:32
  those promises, or at least fulfilling them with a dollar
• 17:38
  that has the value that it had traditionally had in the past.
• 17:42
  Now, tomorrow, we're going to hear from the Federal Reserve.
• 17:45
  It'll be interesting to hear the language, excuse me, that Jerome
• 17:52
  Powell, our old friend at the Federal Reserve gives us
• 17:56
  regarding their guidance on future monetary policy.
• 18:00
  But at the end of the day, we can listen to Warren Buffett, we
• 18:05
  can look at what's going on in the Chinese markets, OK?
• 18:09
  And we can see right, that we are moving into an environment
• 18:14
  which is super conducive. The silver and gold prices, we
• 18:18
  can get all fancy and look at all kinds of different charts
• 18:22
  and we do that from time to time.
• 18:24
  But really, don't you feel it like it's common sense right now
• 18:29
  when you when you kind of aggregate everything that you're
• 18:32
  seeing happening in the world on a geopolitical level level, on a
• 18:36
  fiscal level, on a monetary policy level?
• 18:40
  When we put it all together, I can sit here with complete
• 18:43
  confidence and make a prediction, right?
• 18:46
  That for silver alone, we will see $60.00 per oz by April 1st.
• 18:53
  And that's not April Fool's Day for Silver 2026.
• 18:58
  It's coming, it's happening, and it's a real, real thing.
• 19:02
  Hey, before we go, I wanted to mention to everybody, don't
• 19:04
  forget, check out The Dirty Man Safe.
• 19:07
  OK, right. If you've got something that you
• 19:10
  want to keep safe and secure, go learn about The Dirty Man safe.
• 19:13
  I love these things. This is actually The Dirty Girl
• 19:16
  safe. Oh, and don't forget there's a
• 19:19
  discount code there you can use Ron 10.
• 19:22
  You get to bury these in your yard.
• 19:24
  Keeps like the pirates did, right?
• 19:26
  Gives you a place to keep your valuables safe and sound
• 19:29
  underground. I have nothing against safes.
• 19:31
  I have nothing against safety deposit box.
• 19:34
  I have nothing against hiding stuff in the rafters in your
• 19:37
  house, right? But it's a good way to diversify
• 19:40
  and and to add another layer of security to your plan that you
• 19:45
  have to store whatever it is you may be storing that you may
• 19:49
  consider valuable. Thanks for being here.
• 19:52
  Thanks for being part of this community.
• 19:54
  It is not possible without you. We are in for a wild ride, guys,
• 20:00
  these next 10 years. Look, I was wrong.
• 20:04
  I thought 2024 was going to be crazy.
• 20:08
  I'm telling you, the way things are shaping up, 2025 has been
• 20:13
  crazy, and I think we'll continue to be crazier as we go
• 20:18
  through these coming years and even decade.
• 20:20
  I want what's best. I don't want to be like, you
• 20:22
  know, scary, scary, scary, right?
• 20:24
  We don't want things to become too unhinged.
• 20:27
  But as we take a look at what's going on out there, we know we
• 20:30
  want to be prepared. I'll look forward to seeing you
• 20:33
  again here in the basement. Know that you're always welcome.
• 20:36
  Take care and I will see you. Yes, you soon.