Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🎪 INVESTORS! 🎪 - Silver Price and Gold Price BOOST from THIS - (Precious Metals Update)

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🎪 INVESTORS! 🎪 - Silver Price and Gold Price BOOST from THIS - (Precious Metals Update) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  Do you believe the price of silver and gold could skyrocket?
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  I'm talking 5X10X15X, maybe even more from where we are right
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  now. In this video, we're going to
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  talk about why right now is just like the 1970s, but more
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  importantly, we're going to look at what happened in the 70s and
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  even more importantly, why the conditions that created these
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  unbelievable returns for silver and gold in the 1970s.
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  Those same conditions are in place right now in the argument
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  can be made that they're even more exaggerated.
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  We might see even greater returns for the precious metals.
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  But thank you for joining me here in the basement.
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  I know you love to hear about gold and silver.
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  We're basement dwellers. We love to talk about precious
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  metals. We even have crypto people who
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  are wanting to learn about silver and gold.
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  Everyone is welcome here. Please subscribe to the channel,
• 0:58
  give the video a thumbs up and share it with anyone you like,
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  including your grandparents or even your grandchildren.
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  But let's talk about first what happened in the 1970s.
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  It's incredible. We forget what happened to the
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  price of silver and gold in the 1970s.
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  And I have a document prepared for you that I want to share
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  here that will just drive home Silver 27 X.
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  The period from 1970 through 1980 saw one of the most
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  dramatic and rapid price increases in silver history.
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  OK Silver price started the early 1970s at around $1.30 to
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  $1.80 per oz. The Incredible surge to the peak
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  The price of silver began to rise significantly in the late
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  1970s, culminating in an extraordinary surge.
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  By January of 1980, silver reached its all time nominal
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  high, with some sources reporting a peak of around $50
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  per oz. Guys, silver went from about
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  $1.50 per oz all the way to $50 per oz.
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  Some people saying as much as 27X now, 2700% or 27 X now.
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  Gold went up by 20X during that period.
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  Gold started the 70s and an unofficial rate of around 35 to
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  $40 per oz and surged to an astonishing $850 per oz by early
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  1980. Easily a 20X.
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  These are absolute shocking numbers to think about for both
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  silver and gold. If we think about now, even just
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  a 10X, look, silver went up 27X, gold went up right?
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  Almost 20X. If we put a 10 times multiple on
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  the current silver price, we're talking $350.00 per oz.
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  A 20 times multiple would be $700.00 per oz gold.
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  What if gold went up 10X? Right, Less than what it did in
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  the 1970s. We'd have gold at what, 33
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  thousand, $32,000 per oz? And that's all good and well for
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  us to sit around and dream about that.
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  But what conditions do we have in place?
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  What caused that, and how does that relate to where we are
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  right now? It's stagflation.
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  Stagflation, the S word. We've been banging the table
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  here in the basement about it for years.
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  You know, I know stagflation is a stagnant economy with
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  inflation. What did we just hear last week,
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  right, the PCE numbers Inflation is going up, inflation is not do
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  you really think that inflation is going to go away?
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  No, inflation will continue and continue Inflation is the same
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  thing as devaluation of the dollar.
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  And we are going to spend. We're going to waste your
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  valuable time talking about why the dollar is inevitably going
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  to go down in real value, and that will create inflation.
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  When the price at the store goes up for milk, eggs, whatever,
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  whatever floats your boat, you like to buy at the store.
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  When the price goes up, that means the value of the dollar is
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  going down. That's inevitable.
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  But what about the economy? We're getting warning signals
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  everywhere in the economy. I think one that nobody's really
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  paying attention to is the fact that new college grads aren't
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  getting jobs right now. OK, We know how difficult it is
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  out there in the economy. So what drove, what drove those
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  crazy price increases? Stagflation during the 1970s.
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  Those conditions are in place right now.
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  As a matter of fact, I want to read this to you, Federal
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  Reserve Bank of New York President John Williams.
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  Old John said he expects slower growth.
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  That would be the stag and higher inflation this year.
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  That would be the flation that is stagflation.
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  Now, what makes it even more insane, even crazier right now
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  guys, is that the situation, the debt situation in this country
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  is multiple, multiple times worse now than it was in the
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  1970s. And we know that foreign
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  countries aren't wanting to buy our debt.
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  So when we look at what happened to the price of silver and gold
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  in the 1970s, unbelievable returns, we'll say minimum 10X.
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  And we compare the conditions now to the conditions back then.
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  We're not crazy to think that we can get a 10X in the price of
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  silver and gold. I understand.
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  It feels like fantasy fantasyland.
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  I completely get it. But the reality is that is
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  within the realm of possibilities.
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  Now, look, I'm just telling you what I see when I look out
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  there. I'm not a financial advisor.
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  Don't make any financial decisions based on anything that
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  I say. But while we're at it, if you do
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  decide that you want to get your hands on some silver, please
• 6:06
  support our channel sponsor first met.
• 6:08
  They make the gold and silver Ron's basement content possible.
• 6:12
  As a matter of fact, I pulled this out.
• 6:15
  This is one of Susie's favorite. You know, upstairs Susie right,
• 6:18
  talks to us on the walkie-talkie.
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  She's not here right now, but this is a 5 oz bar that I got
• 6:25
  from First Mint and it is absolutely beautiful.
• 6:29
  It's like the perfect size. And if you can look here, it's
• 6:33
  it's quite a bit thicker than most of the other 5 oz bars out
• 6:37
  there. I absolutely love this thing.
• 6:39
  First Mint is owned by First Majestic Silver.
• 6:42
  You probably have heard the name Keith Neumeyer.
• 6:44
  That's Keith Neumeyer's silver mining company.
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  They mine the silver in Mexico, ship it to Nevada right where it
• 6:52
  gets transformed at their first mint facilities into world class
• 6:56
  bullion products, and then it goes straight to you.
• 6:59
  There's no COMEX, no LBMA involved in the process.
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  It's fresh silver from the mint to the mine to you, minted in
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  the USA. You can check them out at first
• 7:10
  mint.com here. We'll run out there quickly.
• 7:13
  I'll show you their website. There we go first mint.com.
• 7:21
  Here's some of their different product products, Year of the
• 7:23
  dragon. These are all unique to them.
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  Absolutely beautiful. There's the bars, 5 oz, 10 oz
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  and 1K. This is one of my favorites that
• 7:33
  Indian Head Buffalo round, absolutely beautiful and then
• 7:37
  the year of the snake. They also have a special
• 7:41
  discount code for you, for us basement dwellers, VIP BRB.
• 7:47
  They got great service, great selection, and it's a company
• 7:50
  you can trust. So the situation that the
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  overall environment for silver and gold right now, I think
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  they'll say we're crazy to think that we could have silver and
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  gold go up 5X10X20X. But I'm telling you, the
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  conditions are in place and when we look at, we're going to look
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  at this a little bit later, Silver in particular right now
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  when we look at the chart on a weekly, monthly and quarterly
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  basis, remember Monday, June 30th, this Monday is the end of
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  the quarter. It, it looks very, very
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  interesting as we move into just the end of the year.
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  And don't forget, I made a prediction of $60.00 silver by
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  April Fool's Day, April 1st, 2026.
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  I'll pay a heavy price if we don't hit it.
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  You guys can come up with a punishment for me.
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  I'll let you use your creativity, send an e-mail, let
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  me know what you want me to do if I'm wrong.
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  But I think I'm going to be right now.
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  Let's move on here. Let's talk about the dollar.
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  We have more proof from the dollar that we're reliving the
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  70's, the DXY index. This came from Dave Earthly.
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  This is very important. The move this week in the
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  world's reserve currency, the dollar, left the greenback down
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  more than 10% for the year. If the dollar index stays below
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  98 by the end of Q2, which is this Monday, right, June 30th,
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  it will be the biggest fall in the first half of the year since
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  the start of the era of free floating currencies in the early
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  1970s. Are you seeing all the
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  similarities next, right? We want to see the similarities
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  with 5X10X gold and silver price.
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  But let's go look at the DXY index because this is becoming
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  very interesting and I want to point something out to you,
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  which is good news for US silver and gold investors.
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  If we look at this chart, OK, and look at the last time that
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  the dollar fell significantly, This was from 2001 to 2011.
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  We started out up here with the DXY index around 1:25 and drop
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  down to 75 during that period, during that 1011 year period.
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  Let me look at my data here. We had the silver price, for
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  instance, go from around $4.00 per oz right here in O1 all the
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  way to $50 per oz, easily a 10X increase.
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  So the the similarities are eerie.
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  Everywhere we look, we're getting data that's showing us
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  that we're heading to stagflation.
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  We know what happened the last time that the United States went
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  through a stagflationary period. We had incredible results in
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  both the gold and the silver markets.
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  I do want to say thank you to Channels First Mining gold,
• 10:42
  talking about gold, they're a Canadian gold development stage
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  company with massive amounts of gold in the ground in Canada.
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  OK, they have the Du Parquet project, which is in Quebec and
• 10:54
  they have the spring pole project in Ontario and they have
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  another project, the Cameron project.
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  All of these projects combined, you're talking millions of Oz of
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  gold in the ground in Canada. They're a development stage
• 11:07
  company, so they're working through the permitting process.
• 11:10
  But the the gold has, it's been established that the gold is
• 11:13
  there. The gold is in the ground.
• 11:15
  It's like being able to buy gold in the world.
• 11:18
  Safest vault stored safe in the ground in Canada.
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  You can learn more about them at firstmininggold.com.
• 11:25
  And why do we want to pay attention to gold, Gold and
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  silver. The world is changing.
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  We know China is taking over, but this is shocking to take a
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  look at this chart that shows what China is doing for gold.
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  This comes from the Silver Academy and to me this chart
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  really says it all and I need to share the correct page for you
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  guys. I apologize.
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  There we go. OK.
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  If we look at this, what this chart shows us is the Chinese
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  U.S. Treasury Holdings, OK, which is
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  the white line starting back here in 2012.
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  Let me get my markers out for you.
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  You can see that circle. So the white line up here is
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  Treasury holdings, The gold line is their gold holdings.
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  And as you can see, as we move through to 2020, five, 2026,
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  although we're not there yet, we have seen a massive upswing in
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  Chinese gold holdings while the Chinese have been dumping their
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  treasuries. Let me get all those lines out
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  there so you can see it. What this tells us in no
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  uncertain terms is the Chinese are trading their paper and
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  they're trading it for real metal.
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  OK, let's go back to Silver quickly here.
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  And here we go again. This came from our friends over
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  at the Silver Academy talking about the legends and the whales
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  who are circling Eric Sprott. OK, Made a podcast appearance
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  recently declaring that silver is heading for $70 or more, and
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  he says that's just a start. Mike Maloney, typically a gold
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  analyst, is now all in on silver, predicting A tenfold.
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  Like, we just talked about surge to $300 per oz, and then we're
• 13:24
  going to talk about the billionaire.
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  David Bateman, tech founder recently bought almost 13
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  million Troy ounces of physical silver, nearly 1.5% of global
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  annual supply, directly from the COMEX standing for delivery and
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  withdrawal. This is not a trade, it's a
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  statement. And then he went on to put out a
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  whole series of tweets talking about why he believes that that
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  silver is an excellent value right now.
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  Now, let's talk about what's going on right now in the silver
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  market. We are at a battle for $35 per
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  oz. We've talked about that guy's ad
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  nauseam. Monday is the end of the
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  quarter. Let's take a look at at what
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  people are saying about the weekly, monthly and quarterly
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  situation in the silver market right now.
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  And let's start here. Boom.
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  OK, you know what, let's start talking about the silver, about
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  the weekly because what's interesting is that if we close
• 14:32
  on Monday about $35 per oz in the silver market, that will be
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  a big confirmation. And that will be that would be
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  the highest close in the silver market on a weekly basis, OK,
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  since August of 2011. And again, we just need to be a
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  little bit above $35. Now this one is another look at
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  the weekly chart from our friend silver stocks.
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  Great. Let me make sure we got you on
• 15:02
  the right screen, which we do not.
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  Hold on here. We're all over the place.
• 15:07
  Sorry guys, here we go OK, silver is held up well on a
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  weekly chart. It certainly doesn't look as bad
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  as it might seem. So Friday was a down day in the
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  silver. But when you look at a weekly
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  chart, which is represented by each one of those candles,
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  things are looking pretty darn good in the silver market and it
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  gets even more encouraging. OK.
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  We can't look at this at this one enough because if it doesn't
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  happen right now, it's going to happen real soon, which is a
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  breakout of the cup and handle pattern.
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  This, this is from Tavi Costa. And guys, again, this is the
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  quarterly candle, but look at this cup, right, going all the
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  way back to 1980, right and handle.
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  But $37 when it comes to the quarterly clothes is the big key
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  there. And when this breaks out, it is
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  going to break out with fireworks like we have never
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  seen before. Things have not looked better
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  for precious metals, both gold and silver.
• 16:13
  I appreciate you joining me here in the basement.
• 16:15
  It's a big deal. You really are the most
• 16:18
  important part. Without you being here, there
• 16:20
  would be no Ron's basement. And I know we love to get
• 16:23
  together and talk about gold and silver.
• 16:26
  I also want to say thank you to channel sponsor Ledger.
• 16:29
  They're the cryptocurrency hardware wallet security leader,
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  and also our friends at Moon Pay.
• 16:35
  They're the fintech leader, growing and innovating like
• 16:39
  crazy. You can check both those
• 16:40
  companies out as well. But #1 again, thank you for
• 16:44
  joining me here in the basement. You be well and I'll see you,
• 16:48
  yes.