Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **Big SILVER News** 🦍🦍 You Must HEAR This! - (Gold Price too)

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**Big SILVER News** 🦍🦍 You Must HEAR This! - (Gold Price too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:02
You are experiencing shocking moves in the precious metals
0:06
markets, unbelievable news, in particular about silver.
0:10
We're going to cover all of it in this live stream video.
0:14
We've got unbelievable prediction for 2026 from a giant
0:19
Swiss bank. We're going to hear about what's
0:21
going on at the LBMA. We're going to talk about
0:24
growing concern with China. Wait till you hear that.
0:28
And the Grand Wizard of Gold now has something very interesting
0:34
to tell us about silver. And there's a lot more
0:37
including, and I don't think I put it in the thumbnail, 196
0:42
dollars silver. We'll get to that after we talk
0:44
about the most important thing and that's you.
0:49
Thank you for joining us down here in the basement.
0:51
Hope you feel like you found a little precious metals community
0:54
home away from home. It's a big deal when you give us
0:58
your time. Thank you very much.
0:59
Please press the subscribe button.
1:02
There's a little bell thing next to it.
1:04
If you press that, you'll get notified every time we go live.
1:06
Leave a comment in the comment section.
1:08
You don't have to agree with me. That's how we all learn is from
1:11
you. We want to hear from you.
1:13
Now let's get started. Let's go.
1:15
Let's go look at the market first.
1:16
Today was a did you notice today was a very interesting day in
1:19
the silver market. We were red, we were green, we
1:22
were red. But guess what?
1:24
I think we wound up being green. Let's go out to our friends at
1:27
CNBC and take a look at the silver chart.
1:32
This is a 5 day chart of silver and I want to draw your
1:37
attention to one thing. If we go back just five days
1:41
ago, the silver price in the futures market was $52 per oz.
1:48
Today you see it right there we are at 59.
1:52
The silver price in five days has gone from 52 to 59 dollars.
1:56
I think it's going to over 100 dollars, $200.
2:00
I think it's going to Infinity. But nonetheless, we have to be
2:03
realistic here. We may be in for a little bit of
2:06
a pullback, but it gets even more interesting if we pull up
2:10
the six months chart. We can see it real clearly.
2:13
Let's get out the virtual crayons and quickly review a few
2:17
things for which we can be very oh, hold on, there we go.
2:22
Very encouraged by, I'm going to draw a line right here, which is
2:27
roughly let's say 52, $53 per oz.
2:32
Don't forget guys, OK, couple key things happened in the last
2:37
days and also the last couple months.
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Number one, we had a short term high that we bumped up again
2:43
something it was 5455. We did it again not too long
2:48
ago, probably about two weeks ago.
2:51
And this right here just this week we broke through that
2:55
level, OK? If we'd have hit it again and
2:57
gone down, that would have been a triple top, OK, which would be
3:01
extremely rare, but I think at this point it's very safe for us
3:05
to say that we've broken through it.
3:08
The other thing to remember on this chart is that we have a
3:14
little cup and handle a little miniature cup and handle a
3:16
little mini teacup. I mean, it's beautiful.
3:18
Look at that, OK? And when we look at this chart,
3:23
this level up here, no, but everybody is in the green on
3:29
silver right now. That is so, so critical.
3:32
There is nobody out there right now that owns physical silver
3:37
who's crying in their dinner, their meatloaf, whatever you
3:40
might be having for dinner. No, pretty much everybody is in
3:43
the green. And people are feeling very good
3:46
about silver. Not just individual retail
3:49
investors like you and me, but even big institutional
3:53
investors. And we're going now.
3:54
I haven't even started yet. We got a ton to cover in this
3:57
video, but what that means is there's no overhead resistance.
4:01
There's no person out there who's saying I.
4:03
Bought silver for $65 an ounce and I'm going to sell it once it
4:08
ever gets back. There all those people.
4:10
All those people sold. Over the last six months to a
4:13
year. All those people.
4:15
That said, I bought. Silver at $44.00 an ounce.
4:18
It was the worst decision I ever made.
4:20
If it ever gets back there, I'm going to get my money back.
4:23
That guy sold or that woman, if it was a woman, whatever, You
4:26
know what I'm what I'm saying now everybody is in the green.
4:30
There's very little overhead resistance.
4:32
The sellers already sold. And as we talked about ad
4:35
nauseam, this move that we've had in silver over the last 12
4:39
to 18 months has not been an adrenaline fueled spike or a, or
4:44
a frenzy driven spike or a paper market, you know, like the Comex
4:49
and the the LBMA, the London Bullion Market Association.
4:54
We're going to talk about them later.
4:55
No, this is been a physical the the physical driven rally in the
5:02
price of silver that's so critical.
5:03
Now let's talk about I'm. I'm, I'm.
5:06
I'm getting better. I didn't even tease you about
5:08
$196 silver, Huh. Oh, let's look.
5:16
Let's look at some interesting data.
5:17
We're going to fly through a bunch of crazy information right
5:21
now. Crazy good information and
5:24
there's a chart we're going to look at here.
5:25
This came from our friends over at Metals and Miners Sub Stack.
5:30
Silver's $196 destiny. The same force that pushed gold
5:35
past its inflation adjusted high in 2025 is coming for silver.
5:40
Wait till you see this chart. Precious metals are on the move
5:43
again. Silver made new nominal high
5:45
nominal high on Friday, which is followed through exceeding $57,
5:50
but it's still a long way from its inflation adjusted high of
5:54
almost 150 in 1980. Gold on the other hand, has
5:59
already cleared the clearly eclipsed the 1980 real high.
6:04
So this chart, see if I can pull this up, make it that doesn't
6:08
make it better, that makes it worse.
6:10
Sorry guys. What this chart shows us, and
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they've already got a few things circled, is gold on the bottom.
6:16
When you adjust the price of gold for inflation, it says it
6:20
on here right there, CPI adjusted data.
6:26
Hold on one second, having some tech issues.
6:28
There we go. When you look at gold, you look
6:30
at the 1980 high, you look at the 2011 high.
6:34
Now we've way broken through that.
6:37
Again, this is inflation adjusted data, OK, When you look
6:42
at silver, hold on here, get rid of all that.
6:45
Silver's a different story. Silver reached about $150.00 in
6:50
today's dollars versus the current price.
6:53
This is the inflation adjusted high of the 1980 down here high
6:59
in silver. And to put things into
7:01
perspective, here's 2011, OK, we still have not broke through
7:07
these levels. We've got a long way to go.
7:09
And again, right, look at what gold has done and silver always
7:14
follows gold. And we know the fundamental
7:16
reasons which we could talk about us together here for the
7:19
next hour that silver is is even in more attractive investment
7:24
now from a fundamental perspective than it likely was
7:29
in 2011 or or 1980. But I highlighted these two
7:34
paragraphs using the US government's own official OK and
7:38
notoriously understated inflation data.
7:41
The 1980 peak of 50 is worth $196 in today's money.
7:47
Again, gold has all has already clearly eclipsed that their
7:52
inflation adjusted high. We got a long way to go.
7:55
And I thought this was shocking because in red, that means that
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even after its recent run, silver is only about 29% of the
8:04
way to its real inflation adjusted all time high.
8:09
We're only not even 1/3 of the way to to its inflation adjusted
8:15
high. It's absolutely crazy what's
8:18
happening right now. Let's go to the next interesting
8:21
piece of data. This I found shocking.
8:23
I don't know if you realize this was going on, but the Kubasi
8:26
letter, one of the most respected of like kind of econ
8:30
names out there. They cover all the economy
8:33
related news stories is saying it's official.
8:36
Silver is now set to post its first 1212 month Candlestick
8:41
with a 100% game That would be if we made it through the month
8:46
of December even roughly where we are now since 1979.
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This does not happen in normal quote UN quote markets and
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remember the 1979 game and they're there's a look at it
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right there. These are candlesticks.
9:02
They measure the open first, the close.
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This is projected for 2025. There's the big right there, the
9:10
big green Candlestick. We had the same thing back in
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1979. But remember the 1979 run up in
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the price of silver was primarily caused by the Hunt
9:22
brothers trying to corner the silver market.
9:25
Again, I'll repeat for you, as Keith Newmeyer recently said
9:29
during an interview, this silver rally is based more on physical
9:34
demand, not paper manipulation. It's the fact that the price is
9:38
going up is because the physical markets are dislocating from the
9:44
paper markets. OK.
9:46
Next up, hold on. Let me say hello to you.
9:50
Thank you guys for being here. We got a lot more to cover
9:52
including UBS interesting developments for 2026 next year.
9:58
But before we do that, I do want to say thank you to channel
10:01
sponsor First Mint. Thank you, Susie.
10:04
I got a super chat. I'll recognize that in one
10:06
second. Thank you First Mint for
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sponsoring Ron's basement, letting us all come together and
10:12
great feedback. Great.
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I don't know, it's been 5-6 months now that First Mint's
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The packaging, everything is truly second to none.
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They're having a Cyber Monday sale on on cast silver bars, a
10:51
dollar over spot. You can check that out.
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Let me show you their website real quickly and then we're
10:56
going to get back to these interesting developments in the
11:00
silver market. And here we go.
11:03
First, mint.com, free shipping on orders over $299.
11:10
And you can look here, go to their store.
11:14
They've got bars, they've got rounds, they've got accessories,
11:16
and they have their Folds of Honor campaign, which we talked
11:19
about as well benefits the Folds of Honor Foundation, there's the
11:23
Cyber Monday sale. So please check them out guys.
11:26
You'll be glad that you did. Now, what's next?
11:30
China. China's taking over the world of
11:33
precious metals. 1.4 billion people.
11:35
Don't worry. We're not even going to talk
11:37
about India Today. That's a whole different story
11:40
and just as encouraging. But we got some interesting data
11:43
out of China on the silver price.
11:46
It's happening again. Let's go over here and boom,
11:53
here we go. Yes, Hanza right, Another guy
11:55
who's getting a lot of attention in the precious metals sector
11:59
says this silver looking strong. China just published their
12:04
$59.00 an ounce Shanghai futures exchange price, while the West
12:08
is sitting at 57 O 8. The the, the, the difference
12:13
between the price of silver in China and the and the West is
12:18
again starting to get stretched out and what's critical, the
12:21
reason why we we we follow this, why you want to pay attention to
12:25
this so closely is because China's market is a much more
12:30
physical market. They don't have that, that 300,
12:33
58 to one right paper to real ratio like we do.
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No, it's much more closer to 1 to 1, he says in purple.
12:42
This is what happens, again, like we talked about when
12:45
physical demand leads and the paper markets are trying to keep
12:50
the lid on the physical demand is now starting to set the pace
12:56
for the price of silver. Many of us, including you, have
13:00
maybe waited for this for decades, but it's happening and
13:03
it says as long as China trades higher then the COMEX and the
13:07
LBMA, the pressure keeps building.
13:10
And there's the latest data from the Oriental Ghost that we had
13:14
as of yesterday from the Chinese market.
13:17
It'll be interesting to see what happens tonight in the Chinese
13:21
market, but it's getting interesting and we do know this
13:24
from our friend the Dude. It's coming at us guys.
13:28
Silver Dawn, like the thumbnail for this video says the silver
13:32
market traded 785,000,000 paper oz yesterday.
13:37
That would have been yesterday, Monday.
13:39
OK, he says. Do we get the $60.00 by the end
13:43
of the week or do we pull back from all time highs?
13:48
It'll be interesting to see. How does, I don't know what
13:50
you're thinking on this. You know, we could get the
13:53
$60.00 by the end of the week. I'd say we're either going to be
13:57
at 60 or 55. But guys, remember something
14:00
critical. Just three weeks ago we were
14:03
down here talking about about the fact that silver was likely
14:06
going to form a new base, a new consolidation area around $45
14:12
per oz. And even if it went to $40 per
14:15
oz that we would still be OK. But things have changed quickly.
14:19
It's happening. It's even surprising me and I'm
14:22
one of the biggest silver bowls that's out there, he says in red
14:25
inflation, inflation adjusted high from 1980 suggests we could
14:30
be, should be a $200.00 an ounce.
14:32
We talked about that earlier. It's getting very, very
14:35
interesting. We are going to talk about UBS,
14:38
the big giant Swiss bank. They said something really
14:41
interesting, really critical for all of us silver investors and
14:47
we're going to we're going to listen to the gold wizard
14:49
himself, the Wizard of Gold now saying something crazy
14:54
interesting about silver Before we do that, Speaking of gold, I
14:58
do want to say thank you to 1st Mining Gold, their development
15:01
stage gold company in Canada. Look, they've got 2 huge
15:06
projects in Canada, millions of Oz of gold in the ground in
15:12
Canada being worked through the development stage, the
15:15
permitting stage, the development stage.
15:18
But we know the gold is there. I've owned the stock long before
15:22
they sponsored my channel. I'm not a financial advisor, do
15:25
your own research, but I can tell you this, there aren't a
15:28
lot of big multi million ounce gold.
15:31
The development stage projects in Canada and the big gold
15:34
mining companies are looking to refill their pipelines and grow
15:39
and there just aren't a lot of viable options in favorable
15:44
jurisdictions. You can learn more about first
15:46
mining gold at firstmininggold.com.
15:50
Now let's go on. Let's listen to what the gold
15:52
would make sure I've got. There's so much going on, it's
15:54
hard to keep track of all this. I appreciate you being here.
15:57
I appreciate your understanding as we try to get through all of
16:01
this critical, critical information.
16:03
Let's listen to the gold wizard. There's a guy you John von Mars.
16:07
I'm going to pull it up right now.
16:09
I've followed him for decades, OK?
16:12
He's with gold Switzerland, super respected.
16:15
I call him the gold wizard, right?
16:17
Because he's just a smart guy who's been in the metals for a
16:21
long time. He's been a big gold guy.
16:24
He's never been anti silver. But listen to what he's now
16:27
saying about silver. We're going to listen to a few
16:29
moments of his recent input on silver.
16:32
You know, let's give him full screen treatment.
16:35
There he is. All right, let's listen.
16:37
In the life of an investor, that seldom occurs.
16:41
Opportunities which are totally unique.
16:44
Right now we're standing in front.
16:46
Did you hear what he said? In the life of an investor,
16:48
there's very few opportunities that are totally, totally
16:52
unique. Let me make sure you got the
16:54
audio. What you do?
16:55
OK, I won't interrupt you anymore, Egon.
16:58
All right, here we go. So historic event and that
17:03
historic event is going to take place in silver.
17:07
From our point of view, we've always been interested in
17:10
precious metals for the last 25 years simply for the reason of
17:14
wealth preservation, we recommended to investors in 2002
17:19
to buy gold at $300.00 at the time to hold it for long term
17:24
wealth preservation purposes. Obviously they had to buy
17:27
physical gold. Now in the beginning of our
17:29
precious metals investment period, we did not recommend
17:32
silver because of its high volatility and we have investors
17:37
normally around 55%. We have increased that
17:41
percentage in the last couple of years to 30% or more.
17:44
For the OK guys, did you hear what he just said?
17:48
Allow me to repeat it for you. In the life of an of an
17:51
investor, there's like a few once in a lifetime
17:54
opportunities. And he who's been a precious
17:57
metals analyst for decades is now seeing silver as a once in a
18:03
lifetime opportunity. Again, do your own research.
18:06
I'm not a financial advisor, but when I heard Ergon Egon say
18:10
that, that really lit me up. It's coming at us from all
18:15
directions. All right, let's get into UBS
18:17
and what they're saying about silver.
18:19
Also, we're going to give do a little rundown on what's
18:22
happening at the LBMA, the London Billion Market
18:25
Association. Hey, don't forget if you need a
18:27
great Christmas gift idea for somebody you know who might be a
18:30
stacker or have other valuables, please check out right there.
18:35
There it is right there dirty man safe here.
18:38
I've got one I can show you super quickly before we get into
18:41
it. This is their small dirty man.
18:43
There is a discount code Ron 10. You bury these in the ground.
18:48
Super super cool. You know I've had this down here
18:52
now for almost a year. These things when I first got
18:54
it, I was I was impressed right, just the build quality and what
18:58
they do and what they allow you to do, which is the store
19:02
valuables, just like the pirates did back in the ancient times
19:06
and it's worked pretty well for centuries and centuries in the
19:09
ground safe from fire flood, all forms of natural disaster.
19:13
You get to be like a pirate R don't forget right there's a
19:16
link in the description of the video, but but use the discount
19:20
code Ron 10. They've even got a new micro.
19:22
They call it crypto edition, even a smaller one, but you can
19:26
put a lot of gold in that. I'm just saying just don't tell
19:29
anybody where you hide it except for one trusted person.
19:32
Let's go out, check this out, and then we're going to get
19:35
straight to UBS. Here we go.
19:40
Just so we remember gold Silver HQ said it's official.
19:43
Silver is now up. More than 100%, guys, silver is
19:47
up. Silver has doubled this year.
19:50
Congrats, fellow stackers. That's you, right?
19:53
Our patience is paid off. The next doubling could happen
19:57
faster and that's something we need to chat about.
20:00
Yes, right. We could get now an acceleration
20:05
in the up move on the price of silver as we just start to get
20:09
because you know there's this group of people out there and it
20:12
would be almost everybody except you and me.
20:16
Right. That haven't really been turned
20:18
on to silver. Look, I'll tell you a quick
20:19
story. I've loved silver for years.
20:21
It was frustrating. I would go to my neighborhood
20:23
pool, right? And I'd always want to talk
20:25
about silver with my neighbors, but as soon as I started talking
20:28
about silver or gold, they would swim away in the pool.
20:34
And it's not just them, it's all Americans, right?
20:37
They're pretty much 98% of people out there that have not
20:40
yet paid attention to precious metals.
20:42
When they come to the party, when they want to get in the
20:46
silver and gold lifeboat with us, we've already we've already
20:50
floated away from the Titanic, right?
20:53
Those people we affectionately refer to as the.
20:58
That's not a very good one. Hold on this sheeple.
21:04
It's going to be very interesting.
21:05
All right, let's go to UBUBS. It's a giant Swiss bank, right?
21:09
The big member of the Swiss bank accounts when we were kids.
21:12
Well, UBS is a giant Swiss bank and they've got something
21:15
interesting to tell us about. OK, I will get to the Super
21:20
chats at the end. Let me get to UBS here.
21:24
Is this working? Hold on, there we go.
21:28
This comes from Jensen Economic Precious Metals and Markets
21:31
newsletter. OK.
21:33
UBS has increased its estimate of the 2026 next year silver
21:40
supply deficit to almost 300 million oz and says it favors
21:47
being long. The reason that is so important
21:50
is because when there's a deficit in silver, when the
21:53
world is consuming more silver than the mining companies can
21:56
produce, that silver is coming from the silver rainy day fund.
22:01
That's coming from grandma's tea set, that's coming from the
22:05
above ground resources. It's the rainy day fund.
22:08
But guess what, guys? Rainy day funds, they run out.
22:13
So the fact that they're now projecting and they're saying it
22:16
favors being long is a very, very good thing.
22:20
We're getting even some more extreme examples that will be
22:23
covering in future video segments regarding the silver
22:27
deficit and and and and higher even numbers.
22:31
But 300 million oz. Now I want you to think about
22:35
one more important thing when we think about that, right, that
22:39
300 million again is coming from the silver above ground rainy
22:43
day fund. The mining companies, their
22:46
output has been going down. It's been a downward trend I've
22:50
heard even for the last 10 years.
22:52
Well, since 2016, it's hard to believe that's been almost 10
22:56
years, but the amount of silver coming out of the ground has
22:59
been going down, down, down, trending downwards.
23:02
And the other thing, as we've talked about many times, but we
23:06
want to remember because it's critical to this, there's been
23:09
very little investment put into basically building new silver
23:14
mines. All the work, the exploration,
23:16
the development, and as an extra added bonus on top, it takes
23:21
about 10 years, 15 years from the time if a new silver deposit
23:26
is discovered to get through all the permitting, all the work
23:30
that's necessary to actually start mining and right during
23:36
that time. So what that means is during
23:37
that, even if the silver price goes to $200 in the next year,
23:42
they can't just flip a switch and start making more silver.
23:46
And then let's, let's cover here quickly just this yellow part.
23:49
This is about the LBMA, the London Million Market
23:52
Association, and they are in a little trouble because they're
23:55
just in time. Silver operation has a little
23:58
problem. The silver market.
24:01
When the London silver market seized for 1.5 hours on October
24:05
10th due to a lack of silver availability, it revealed to the
24:09
world that the bottom of London's publicly traded
24:12
available silver stock occurred with 140 million oz again,
24:19
right. We're looking at a deficit next
24:20
year of twice more than twice that of silver remaining in
24:24
London vaults that were not held by exchange traded funds.
24:28
Yeah, they've got a lot more silver in their vaults, but most
24:31
of it is accounted for is already claimed for owned by the
24:36
big ETS. Importantly, it let everyone
24:39
know that London silver market is functioning on a just in time
24:43
system for silver delivery, where silver can be be delivered
24:48
to to the billions of Oz cash by contracts open in London, but
24:52
only if such metal first delivered to London, meaning
24:58
they're on a just in time system.
25:00
If people want the silver, then they have to get it from
25:03
somewhere else. And we know there's been a a
25:05
little bit more than speculation showing that a lot of that
25:09
silver was shipped over from the United States from New York.
25:13
And that's possibly quite likely some of it came from Shanghai
25:17
from China, because we know the Shanghai gold exchange in the
25:20
Shanghai, all of their their vaults are near historic lows.
25:25
Nobody has silver guys. Silver is gone.
25:28
That's what the that's what the the thumbnail for this video
25:32
said last paragraph. It likely came as news to many
25:36
holders of of these immediate ownership and delivery cash
25:40
contracts for silver that the London market was tapped out and
25:45
and stood cap in hand. I can see the LBMA boys and
25:50
girls with their caps off, cap in hand, awaiting for delivery.
25:55
All right, guys, let's go out. I want to say thank you for the
25:57
Super chats. Let me see if I can get those
25:59
pulled up here. Yeah.
26:01
Wow. Super chats.
26:02
Thank you. Hold on here.
26:04
See if I can read this my eyes are getting bad OK, happy life E
26:08
grab thank you for the Super chat and I'm that is from GRNTH
26:14
M1 and Carl. Thank you Carl for the Super
26:18
chat Carl Miller thank you. OK, thank you for being here
26:22
guys super chats are always super appreciated.
26:25
Never super expected. We got over 1000 people.
26:28
I just looked wow and crap. 27 mics, maybe ring the gun or
26:35
something. OK and for those of you who are
26:37
new, this is my lovely wife and assistant upstairs, Susie.
26:41
She loves to give you silver stackers, a high 5.
26:44
She also loves when you subscribe.
26:45
When you subscribe upstairs, Susie gives you a high 5.
26:50
No, let me say I want to talk about this.
26:52
We got more and more people over 1000 people.
26:55
That's important because that shows more and more people are
26:59
coming to the silver and gold sector and it's just starting.
27:05
It's just starting in the United States, in Europe, in the West.
27:10
Guys, look, it we, you, I want to give you some kudos, right?
27:14
You are part of an elite group of people that understand the
27:18
timeless nature of silver and gold.
27:20
I was thinking about this earlier about like, if you think
27:23
back, you know, I'm 55 years old, 45 years ago when I was 10
27:28
years old and I'm sitting there with paper money.
27:30
I could either have paper money in one hand, right?
27:33
These things Fiat paper money or I could be sitting there with
27:38
some silver in my hand. It's so clear, right?
27:41
This has gone on for decades and Millennium what you're you're
27:45
you're you're part of an elite group and I'm glad you're here.
27:48
I appreciate you being here. I'm going to ring the the Golden
27:51
Dawn because we got a record crowd tonight. 200 thumbs up.
27:56
Hey, this is one of our rituals. And no, it's not made out of
28:04
gold. I just call it the golden gong.
28:06
But hey, it works. All right.
28:07
Thanks for being here. I'm going to look forward to
28:09
seeing you next time. We're on a great ride together.
28:13
Thank you so much. Don't forget to subscribe and
28:15
I'll see you. Yes, you next time.
28:18
Have a great night.