Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨SHOCKING🚨 Venezuela's SILVER Price Giving You a WARNING!

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🚨SHOCKING🚨 Venezuela's SILVER Price Giving You a WARNING! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
Could you imagine the silver price in U.S. dollars going to
0:05
$7000 per oz but doing that in five short months?
0:13
In this video, I'm going to show you where in the world that
0:17
exact same type of returned happened.
0:20
And we're going to think about a few things.
0:22
Could that actually happen in the United States?
0:25
But we had an awesome week in the precious metals gold.
0:30
Right we are. We went from being a stone's
0:34
throw to spitting distance to hello Are you guys there?
0:39
We are knocking on the door of a new all time high in gold.
0:43
Silver trading above $25 per oz Silver.
0:47
I'm only going to say this once, the basement dweller, so listen
0:50
up dude. That's so key to remember.
0:53
Silver lags gold, meaning it takes a little while to catch up
0:58
to gold. It lags gold, but when it does
1:02
start to move, it moves in a much more exaggerated fashion, a
1:07
much more exaggerated fashion meaning that let's say we get an
1:11
up moving gold of 30% next year, 2600 dollars.
1:15
We've talked about that it wouldn't be out of the question
1:18
to see silver go up by 7580%. That would put us in the mid 40s
1:24
and we've heard people like Michael Oliver recently talk
1:27
about silver. Reaching what?
1:29
What did Michael Oliver say? I'll type it in the, I'll type
1:33
it in the comments, $5050 per oz, Not in the coming years, not
1:40
in the coming decades, $50 per oz in the coming quarters for
1:45
silver, $7000 silver. Though don't forget, right?
1:49
We had a country within the last five years on this planet, A big
1:54
country with a lot of natural resources that had returns that
1:58
would equate to $7000 per oz silver.
2:02
I'm not saying I think that'll happen, but what I am saying
2:06
right We underestimate ourselves basement dwellers.
2:09
We underestimate the power and the price potential for silver
2:13
and gold. I know if we even talk about $40
2:16
silver, we get we get tomatoes thrown at us, right?
2:19
We get scoffed at. I get these mean comments like
2:23
oh, you're just a pumper ron's basement.
2:25
You're just no, no, I'm not. I base my ideas on mathematics
2:30
on common sense, the same mathematics in common sense that
2:34
rule not just the entire world but the United States as well.
2:40
So we're going to dig into all that and and and and as a super
2:46
double bonus what environment are we in right now?
2:49
We have hard data. They they made a mistake.
2:53
OK. And I'm going to point it out to
2:54
you. They, they put something in
2:57
writing that also tells us we could be in for supercharged
3:01
prices for silver and gold as we move into the coming year.
3:04
But let's dig right in to these countries because it's
3:08
unbelievable what is going on in the world right now.
3:13
We're going to look back at the last 10 years.
3:16
OK, I got a lot of paper I'm going to shuffle through.
3:19
I'm actually going to show you some interesting, very simple,
3:23
simple charts, but we've talked about this already.
3:26
Let's talk Turkey, OK, the country of Turkey and Turkish
3:30
lira in the last 10 years. See that pink line?
3:34
That's the price of silver in Turkish lira, OK.
3:38
In 2013, an ounce of silver cost you a 43 Turkish lira.
3:43
In 2023, ten years later, an ounce of silver that's up here
3:49
cost you 723 Turkish lira. That was an increase of, what,
3:56
1700%? That means it went up 17 times.
4:01
Hello. Can you guys see me?
4:04
OK, I'm still here. That means silver went up 17
4:07
times. If you apply that to the current
4:10
silver price of $25 per oz, we get a silver price of of oh, I
4:17
did that $425. Why did that happen in Turkey?
4:24
Financial mismanagement, corruption, money printing,
4:28
hyperinflation. OK, so that's Turkey.
4:31
Next. We talked about our I Got a
4:33
bonus country today for you guys, but we got to go through
4:36
these first 'cause it's fun Argentina 10 year.
4:40
There's a chart of the silver price in Argentina over 10
4:43
years. Measured in Argentine pesos back
4:46
in 2013, it was 122 pesos per ounce of silver.
4:52
In 2023, Ten years later in Argentine pesos, 8700 Argentine
5:00
pesos to get yourself one ounce of silver.
5:03
So in 10 years, the price went from 122 pesos all the way up to
5:10
8700 pesos, just an increase of 7000% or 70 times.
5:19
Which if you apply that to the current $25 silver price, and
5:25
I'm being conservative, you're looking at $1750 silver.
5:32
And what caused it in Argentina? Oh, they took on too much debt.
5:36
They had political corruption. They had hyperinflation.
5:39
Does any of that sound familiar to you?
5:43
Does any of that sound like maybe something that's going on
5:47
in the United States? But it gets even more shocking,
5:53
more stunning, when we look at five months, Yes, five months.
5:58
And these five months occurred within the last five years.
6:03
And we look at the country of Venezuela, who knows what the,
6:07
who knows what the currency, the official currency of Venezuela
6:11
is. I know I'm going to type it in.
6:14
It's the Bolivar. Bolivar.
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The Bolivar, that's what they use for money.
6:20
We have dollars, they have bolivars.
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OK. So in in August of 2018, an
6:31
ounce of silver in Venezuela would cost you 36 bolivars, 36
6:36
bolivars per ounce of silver by the end of the year, OK.
6:44
By the end of the year, silver had gone from 36 bolivars, 36
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all the way up to 9877 bolivars. OK, that is a 27,700% increase
7:03
in the price of silver. That's not 27 times it didn't.
7:07
Silver didn't just go up 27 times in five months.
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Silver went up just under 300 times.
7:17
Now you want to hear something crazy.
7:21
If you apply that to our current silver price of $25 per oz 2550,
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that would be $7000. That didn't happen over 10 years
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in Venezuela. That didn't happen over an
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entire year in Venezuela. That happened in five months.
7:40
Now I have a little evening job I do, which I love, and there's
7:44
a cleaning crew, and they're from Venezuela.
7:47
Mama, she's like 80 years old. I've talked about them before,
7:51
and Winston and the other guys name.
7:53
What? The hex.
7:54
His name, darn it, it's name. The same name is a type of
7:56
piano. Not Steinway, but another one.
7:58
Baldwin. Baldwin.
8:00
These are funny, nice, good, smart, professional people.
8:05
And they love they. I've talked with them to the
8:08
extent that I can because I don't speak fluent Spanish.
8:11
But with Google Translate in the little bit, they will tell you
8:15
silver and gold saved people in Venezuela.
8:18
But there's something even more shocking about those 3 examples.
8:24
We got Turkey, we got Argentina, and we have Venezuela right.
8:29
All of which had just absolute skyrocketing prices for silver
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1700% in 10 years in Turkey, 7000% in 10 years in Argentina,
8:43
and 27,700% in five months in Venezuela.
8:49
But these are all no, I've been to Argentina, OK?
8:53
Me and little Ricky, right? I remember I did a live stream
8:55
from his basement a few weeks. He had an extra ticket.
8:58
He's a bachelor. I'm his friend.
9:00
We've been friends since the 3rd grade when Missus Ross brought
9:03
him in and said this is our new student, Little Ricky and I
9:05
thought, I like him and we've been like great friends ever
9:07
since. Anyway, he took me to our
9:09
Argentina is advanced. Guys.
9:12
Argentina is an advanced. It's a beautiful place to visit.
9:15
It was awesome. I loved it.
9:17
OK, I've never been to Venezuela, but Mama and Baldwin
9:21
and Winston, they're wonderful people.
9:23
They're smart, educated people. OK, What was the other country
9:27
we were talking about? I never been to Turkey.
9:31
Is anybody on the live stream from Turkey?
9:33
If you are, please write Turkey and coin Shop.
9:35
Chris, throw a a virtual, a virtual Ding Dong at me.
9:39
But what's crazy? OK, 27,700 percent, 277 times up
9:48
in value in in Venezuela. There's something really nutty
9:55
about this. But first, we're on a mission to
9:58
get to 30,000 subscribers by the end of the whatever year.
10:02
OK, please subscribe to the channel.
10:04
And this. I'm sending you a subliminal
10:06
message. Don't forget, give it a thumbs
10:09
up. All that's free.
10:11
All this content is free. Yeah, super Chats are much
10:15
appreciated. They go a long way to support
10:17
the channel. But at the end of the day,
10:19
everything we do here is free and we provide it free for you.
10:23
You when you give me thumbs up, that's like a virtual hug.
10:25
And you know what? I have a deal with you.
10:27
When we get to 100 thumbs up, I ring the bell 10 times.
10:31
So this is the bell warning for those of you who don't like
10:34
bells for some reason. I'm going to ring the bell,
10:45
guys. There's something, though, about
10:47
this situation in Venezuela that will blow you away.
10:53
I didn't know this. OK, this is interesting.
10:58
Is Venezuela a poor country, right?
11:00
What's the lifeblood of the world economy?
11:03
Oil. Oil.
11:05
Right. Saudi Arabia's rich because of
11:07
oil. United Air Emirates is rich
11:09
because of oil. Did you know this about
11:13
Venezuela? Let me read this to you.
11:15
According to the 2022. All right, so this is a year
11:20
old, but I don't think the state has changed much.
11:23
BP Statistical Review of World energy.
11:27
Venezuela has more proved oil reserves than any other country
11:33
in the world. Venezuela has more oil than any
11:37
other country in the world. OK, Venezuela's 304 billion
11:43
barrels of proved reserves just edges out Saudi Arabia.
11:47
Venezuela has more oil than Saudi Arabia. 298 billion
11:52
barrels. Both are far ahead of the US.
11:54
We only have 70. OK, so this is a country with
11:59
more oil than anywhere in the world, right?
12:02
Political corruption, Right. Financial mismanagement caused
12:07
hyperinflation. Does that sound familiar?
12:10
Right. Financial mismanagement does
12:13
not. Does not the United States have
12:16
to adhere to the same laws of economics, the same laws of
12:21
mathematics as Venezuela? Huh.
12:25
Is it possible that we could be heading into this type of
12:29
situation where we have hyperinflation, where the value
12:33
of things like silver and gold could absolutely skyrocket?
12:37
I think it's a better chance than most people are willing to
12:42
recognize, especially all those other people, right?
12:45
Your neighbors, your relatives who are, you know, they want to
12:48
talk about the squid games or or they want to talk about
12:51
football, which is nothing against any of that.
12:53
I'm not putting any of it down. But nobody wants to realize that
12:57
yes, we could this could happen in the United States.
13:00
It could happen. Am I saying that it's going to
13:04
happen that we will have 277 times return on silver?
13:10
No, I'm not saying that. I'm not saying I'm like, oh,
13:13
this is going to next year, right now.
13:15
Could it happen? Yes, Could.
13:17
Are we at minimum in a situation, right?
13:20
Mathematics. It's the same laws that
13:22
mathematics apply to the United States as Venezuela, Argentina,
13:26
and Turkey, right? Right.
13:28
I said this the other day 3 + 3 right here in St.
13:32
Louis, MO, where I'm sitting right in the middle of the
13:35
United States of America, the armpit of the country with the
13:38
Saint Louis Arch, right? 3 + 3 = 6 You know what?
13:43
3 + 3 equals where you live. 6 Now, you might be in Kentucky,
13:48
you might be in in Fort Lauderdale.
13:51
God only knows where you are. But if you're in Turkey, 3 + 3 =
13:56
6. If you're in Argentina, 3 + 3 =
13:58
6. And if you're in Venezuela, it
14:00
does too. And it does right here as well.
14:02
So we are absolutely, absolutely right possibility that we could
14:07
run into this same type situation, right?
14:10
Are our governing officials engaging in financial
14:14
mismanagement? $34 billion worth, right?
14:19
That they've spent that. We don't have that Money's gone,
14:22
baby. People think that they're going
14:25
to get paid back. People are expecting to get paid
14:27
back. So absolutely, we're under the
14:29
same, the absolute same situation.
14:34
Let me put my charts away. Let's regroup.
14:37
Let's take take a few second break, Have a sip of coffee,
14:41
Take a deep breath. OK, I'm back.
14:57
I'm glad you guys are here. It's a big deal.
15:00
It's a big honor. Thank you So, so, so much.
15:03
So we're talking about this prospect of unbelievable returns
15:08
and the precious metals. OK, look, we don't know.
15:13
I don't have a crystal ball. But if you do, I do know one
15:16
thing for sure. If you want to get the best
15:18
price, the best value, when you buy precious metals, in my
15:22
opinion, Pinbex cannot be beat. You need to develop your own
15:28
Pimbex opinion. OK, Pi, MB, EX or an online
15:32
bullion dealer. Do your own research, throw them
15:36
into the mix. Next time you're looking for
15:37
precious metals. I think you'll find what I
15:40
found. They have a great trustworthy
15:42
reputation. They have ample selection and
15:46
they always seem to have the best prices.
15:50
If you don't want to waste a bunch of time, you know, invest
15:53
some time up front, do your own research.
15:55
And then, like for me, I know when I want to buy some silver
16:00
that I can go to Pimbex and get a great value.
16:02
If you want a great value, if you ever consider rolling over
16:05
an IRA, do yourself a favor and call them on the phone and
16:11
listen to what they have to say. Because that same value they
16:14
deliver as an online bullion dealer, they can deliver with
16:18
IRA conversions as well. All right, now, we talked about
16:22
skyrocketing, skyrocketing flight, afternoon delight.
16:31
That's what it's going to be. Sorry, there's cats everywhere.
16:34
Susie left the cats in the basement.
16:35
She made me do my chores before I came on.
16:37
Anyway. Skyrocketing silver prices is
16:41
$40. Fifty 60.
16:45
What about 80? What about 85?
16:47
Remember old Smitty the Silver Bear?
16:50
Our friend Pat Holland, $85 Silver.
16:53
OK, there's been some big, massive big, in my opinion.
16:58
All right, we're going to do, we're going to do some basement
17:00
dweller technical analysis. But this is big news for the
17:05
silver price. Let me pull out.
17:07
It's been a while. I think Jake from Jake's Custom
17:09
Parts has the original of this one, but we talked about this
17:13
quite a bit. OK, that's a chart of silver.
17:18
That's the wedgie. OK, Remember a wedgie when you
17:21
were kids? I grew up in Saint Louis County.
17:24
A wedgie meant that somebody pulled on your undies.
17:27
And anyway, that's a long story. There was a wedge in silver over
17:32
the last. Where does this start?
17:34
That's three of 23 through 9 of 23.
17:38
So it's getting a little dated, but nonetheless the silver price
17:41
over pull up a one year chart of the silver price.
17:44
Go on to Yahoo Finance, go into Google to say one year chart of
17:48
silver price. What you're gonna see is this,
17:50
guys. The silver price basically was
17:54
bouncing around between 21 and $24.00 for most of the year.
17:59
And those lines that shows a compression that's a wedge like
18:04
a like, I don't know, they got some crazy term for it.
18:07
But prices always break out of wedges.
18:11
And the big news is this, OK, let me get my marker because I
18:15
got to Draw Something. I'm going to, I'm going to, I'm
18:17
going to modify this chart because here's what's happened
18:22
over here. I'm going to show you this in
18:24
one second. OK.
18:31
See, that's what I drew right there.
18:35
That's today. We have broken out of the wedge.
18:39
And as long as we continue above that wedge, the longer we do,
18:44
the more momentum we're going to get for the silver price and
18:48
gold price. And there is big money moving
18:51
into the silver and gold sector. Vince Lanchy said this the other
18:56
day. And it's just like it was like
18:58
an atomic bomb of goodness, if there's if that, if there's such
19:02
a thing. But he said something about the
19:05
gold price, The fact that we had that November 30th close right
19:09
on November 30th, the price of gold closed above $2000.
19:12
That was the first time. That was the first time in the
19:17
history of the planet, our planet, that gold ever closed
19:21
above $2000. That, he said, is like a magnet
19:25
that will attract the big money, that will attract the
19:28
algorithms, that will attract the technical analysis people
19:32
that will is nothing but a good thing for the price of gold.
19:37
And like we talked about earlier, the price of silver
19:40
lags gold. And silver's got some catching
19:42
up to do. And when it does, it's catching
19:44
up. It does it in a very dramatic,
19:48
exaggerated fashion. Does that.
19:50
I tell you what, that's one thing I don't like is drama.
19:53
Those of you who know me, I don't like drama.
19:56
You know, whether it's people I work with, family members, I
20:00
know life's difficult for all of us.
20:02
I get it. OK.
20:04
But I don't like drama. But I'll make an exception.
20:08
I love how dramatic our old friend Silver is.
20:12
You know I've never. This is a new this is a new
20:15
frontier for us. We've never really talked about
20:18
this. Silver's very dramatic, isn't
20:21
it? Gold moves, Silver sits over in
20:24
the corner, engaging in self pity.
20:27
Oh, poor me. Nobody pays attention to me.
20:30
I'm poor Silver. Nobody likes me.
20:35
And then it gets mad and it throws up tissy fit and shoots
20:38
to the upside. And that's right.
20:40
Moves and dramatic fashion. We've already established
20:45
basement dwellers. You know what?
20:49
You know what? Yeah, I'm going to ask you to do
20:51
something right now. Do you think Silver's dramatic?
20:54
I think Silver's dramatic. If you do Drama queen, Drama
21:00
king, I can be a little bit of a drama king.
21:04
OK, I'm also very sensitive, and I won't say I'm delicate, but I
21:08
am sensitive. So I love when you guys give me
21:10
the thumbs up because it's like a virtual hug.
21:13
Like I need external validation. I'm in the basement by myself
21:18
right now with two cats, one of which is hunting a squirrel
21:22
through a window above me. So if you see my eyes, I see
21:26
things getting thrown off my desk.
21:27
Anyway, do you think that that silver is dramatic?
21:33
Think about this. This is one of the awesome
21:35
things about silver. Let's tell, let's talk, let's
21:38
have a little. Let's have story time.
21:40
We're all sitting around the campfire together.
21:42
We're the silver and gold and platinum enthusiast.
21:45
I see our friend Neil here. Good to see you, Neil.
21:48
But, but but remember, this is happy time.
21:53
All right? We're gonna talk unicorns and
21:54
rainbows and lollipops, right? Silver, The silver market.
21:59
We know silver moves in a dramatic fashion, but overall,
22:03
also as a little bonus kicker, guys, I got a surprise for you.
22:08
The silver market is small. It's only got 1 billion oz per
22:11
year that's produced. That's a combination of both
22:14
mining, which happens to be decreasing and recycling 1
22:18
billion oz. Now at current silver prices,
22:20
that makes that about a 25 billion market per year.
22:24
That's nothing, right? I mean, there's people in the
22:28
world that are almost that rich right?
22:29
Now compare 25 billion to the market cap of Apple computer,
22:35
right? Four bill trillion, whatever.
22:37
It's a fraction. It's a pimple.
22:39
It's a nothing, right. So that makes the silver market
22:43
very sensitive, very delicate. And that's why in times like
22:48
this, right, it can move from surplus to shortage, blah blah,
22:52
blah, but it can move, baby. It can throw a drama fit like
22:57
you ain't ever seen before. It can throw a hissy fit and
23:00
it's getting ready to do it. It's over in the corner right
23:03
now. Silver's over there.
23:05
I can see it, right? Everybody look at their silver,
23:09
right, and tell them it's it's going to be OK because Silver's
23:12
over there saying nobody likes me, nobody loves me, you know,
23:16
blah blah blah and it and it's going to rear up and throw a fit
23:20
next year. Of course I'm not offering
23:24
financial advice when I say that, but I believe it to be
23:27
true. And that's why since it's my
23:29
basement, I can share that with you.
23:31
And you are the most important, the most important part around
23:35
basement. Don't forget, go to
23:36
roundsbasement.com, right, 24 hours a day.
23:40
There's a chat room there where you can connect with other
23:42
basement dwellers, and when you register there, we're not going
23:45
to ask for any personal information.
23:47
All you got to do is put in your e-mail address and we're not
23:50
going to use that. I'm not going to send you emails
23:52
in the middle of the night saying, hey, you want to buy my
23:54
new book or anything like that. No, I'm not.
23:56
OK, But when you do register, use your same whoop I hit.
24:01
You say use your same username that you used when you
24:04
registered here. That way we know who you are.
24:07
Unless you want to be a different person.
24:09
Maybe you have multiple personalities.
24:11
I don't know, man. I'm losing it.
24:13
There's so much going on. Oh, you know what?
24:18
Uh oh, I'm getting all kinds of oh, can you guys see me?
24:21
Hello. Oh, no.
24:23
Did they can't. OK.
24:24
Nope. I think.
24:25
I think you can see me. All right.
24:27
Now. Now you did it.
24:30
You got the 200 thumbs up. This is the part of the show,
24:33
right? This is the part of the show
24:35
that really gets people riled up.
24:38
This is when we ring the cowbell for 200 thumbs up and we got 450
24:43
people. Don't forget when we get to 500
24:46
live people, I'll ring the gong right there.
24:49
That's it right there. That's a gong.
24:51
Looks like an earring. I'll ring that gong.
24:53
But right now let's ring the bell.
24:55
This is the three second warning for those of you.
24:57
And it's OK to be sensitive because I'm sensitive.
25:00
Have sensitive ears. Do do, do, do do.
25:04
Do All right, that's it.
25:38
That's from our good friend Joe. He's a basement dweller that
25:40
made a in person delivery here to the house.
25:44
He works at our water company right down the hill.
25:46
I live on the banks of the Missouri River.
25:48
You may not know that. And anyway, that's where the
25:51
world's best public drinking water comes from.
25:55
Interesting story, right? Because Anheuser Busch is based
25:58
in Saint Louis, and they needed the best water to make the best
26:01
beer in the world, so they made the best water plant.
26:04
You really don't care about that.
26:06
I understand. OK, Now this is this is, this
26:09
is, this is, this. It gets more interesting.
26:13
OK, guys, it gets more interesting because you and I,
26:19
we talked about the 1970s, right?
26:22
I was born in 1970 for a reason. That's because the price of
26:26
silver went up like 30 times during the 1970s.
26:29
It was caused by the S word, right?
26:32
OK, you know what? This is a key term that we all
26:36
need to remember? Dwellers.
26:38
Stagflation. The S word.
26:40
I'm going to type it. How many people can we get?
26:43
The type stagflation. It is our friend as metals
26:47
investors. Absolutely, absolutely, our
26:52
friend. But did they spill the beans?
26:55
Did they make a mistake? All right, let's read this.
26:59
Let's listen to this. This comes from Kitco, our
27:01
friend Niels. It says the gold market is
27:04
standing firm in positive territory as the US
27:09
manufacturing sector. Remember, this continues to
27:13
contract and inflation pressures start to rise according to the
27:22
latest data from the Institute for Supply Management, the ISM.
27:25
So the big ISM numbers came out yesterday, right?
27:28
The big numbers. That was big news.
27:32
Listen to this Friday. The ISM said manufacturing
27:35
Purchase managers index remained unchanged last month at 46.7.
27:41
The data missed expectations. Oh, imagine that.
27:45
Everything's so great in Bidenomics, right?
27:48
Aren't we doing great in Bidenomics?
27:50
Everybody's got four jobs. Everybody loves paying 30% more
27:54
for food, for rent, for anything, 100% more for housing,
27:58
right? It's great.
27:59
It's going great. How could we?
28:00
But the data missed expectations.
28:04
According to consensus estimates, economists were
28:08
looking for an increase to 48%. The gold market and silver
28:12
market are seeing renewed buying momentum in an initial reaction
28:17
to the latest data. This is not the good part.
28:19
Are you ready for the good part? OK, remember when we had
28:23
stagflation in the 1970s? We had a silver price and gold
28:27
price that absolutely exploded. OK, to the upside.
28:32
Now listen to this. the US labor market.
28:36
Oh, remember, that's what the market saw.
28:39
The job market's strong, right? Yeah.
28:41
You want to get a third job or a fourth job just so you can
28:44
afford to eat and drive a car? Welcome to Biodynamics.
28:48
OK. Anyway, I I digress.
28:51
That's good though. Joe.
28:52
We need people. Work is good.
28:54
If all you do is work, then you'll stay out of trouble,
28:57
right? OK.
28:58
The US labor market also lost momentum in November, with the
29:04
employment index dropping to 45.8%, down from the previous
29:09
almost 47%. OK, pay attention now 'cause
29:13
this is the key. This this is where it all comes
29:18
together. It congeals, OK?
29:22
Although the manufacturing sector continues to cool
29:26
manufacturing's cooling, the inflation threat remains.
29:30
The inflation threat remains as prices picked up last month.
29:35
The report said that the price index rose to 50% from October's
29:40
reading of 45%. Whoa, whoa, whoa, whoa, whoa,
29:43
whoa, whoa, whoa. So they're saying that the
29:46
manufacturing is going down. Thank you for that super chat.
29:51
Wow. Daniel Casey, If I'm pronouncing
29:55
that wrong, send me an e-mail and yell at me.
29:57
Thank you for the Super chat. Super appreciate it, guys.
30:01
Manufacturing, Thank you. Thank you, Henny.
30:04
Wow, man. Super chat.
30:06
Super Appreciate it. Thank you, thank you, thank you
30:08
guys. Manufacturing's cooling while
30:13
prices are going up. It's in the numbers.
30:16
It's in the IS M's PMI report. OK, Manufacturing slowing.
30:23
Economy. Manufacturing slowing.
30:25
Prices are going up. OK, hold on.
30:30
I got AI. Got a little surprise for you.
30:36
It's everyone's favorite. What's his title?
30:40
Head of the United States Federal Reserve Jerome Powell.
30:45
Hello, everybody. Hello.
30:47
Hello. So Jerome finds himself in a
30:52
situation where the economy's slowing OK, which means he needs
30:56
to institute more easy money policy.
31:01
But at the same time, prices are going up.
31:03
And if he does, and initiate easier money policy to help spur
31:09
the economy along, that makes inflation go up even higher.
31:14
That, my friends, is the definition of being in a bad
31:19
situation. I'm going to use nice terms to
31:21
describe it. That's also the definition of
31:25
stagflation. And I'm telling you, you want to
31:27
have a party with silver and gold.
31:29
I want to have a party here. I need, we need more thumbs up,
31:32
please. But I want you to stay on,
31:35
because when we get to 500 people on this live stream, I'm
31:38
going to ring the gong. And I'm going to ring it five
31:41
times for you. OK.
31:43
And we're going to do it. I can feel it.
31:44
OK. Here.
31:46
Where's the coin shop? Chris Timer.
31:47
Oh, boy, I lost it, Darn it. Oh, well.
31:50
Anyway, hold on. I'm going to have a sip of
31:57
coffee as we head into 2024. We are going to experience
32:10
things that we've never experienced before.
32:14
The world has changed like never, ever before, President Xi
32:20
and President Putin, after their most recent summit, said.
32:23
The world is changing like never during our lifetimes and we are
32:27
at the forefront. We are going into a very
32:31
challenging period of time, very likely for the United States in
32:36
particular because we positioned ourselves in a in a position of
32:39
weakness fiscally, monetarily, even geopolitically on the
32:44
geopolitical stage. Guys, our level of influence,
32:50
the amount that we're respected by other countries in the world
32:54
is going down, down, down. OK, now this is all happening in
32:59
a within a situation where these countries are moving away from
33:03
the dollar. Have you heard about D
33:04
dollarization? Yes, this has everything to do
33:08
with your physical silver and your physical gold.
33:11
The world, we just got a 500 people.
33:13
I will bring the gong. The world is moving away quickly
33:17
from the dollar. OK.
33:18
When I say quickly, that's quickly in terms of how a world
33:23
reserve currency is depreciated. It doesn't happen overnight.
33:27
We could have a big event where where where there is a big
33:30
chunk, but it takes time, but it's happening.
33:33
We have countries like in the Middle East that are that are
33:38
arranging swap agreements between China and the middle to
33:42
sell oil to get away from the Petro dollar.
33:46
Things are changing. And on top of that, nobody's
33:50
talking about this. Why aren't we talking about this
33:52
more? OK, we are right.
33:55
We are rounding the corner into 2024, and there will be the most
33:59
contentious, vile presidential election that we've ever seen in
34:04
this country. I don't like it.
34:06
I I'm not a political guy. This is not a political channel.
34:10
But we have Democrats and Republicans that pretty much
34:13
hate each other. OK, let's just leave it at that.
34:17
It's. But on and on top of that, that
34:20
will create instability. But on top of that, it's a known
34:24
fact that in the election years, the sitting president will do
34:27
whatever he can to juice the economy.
34:31
I think that's part of the reason, correct me if I'm wrong,
34:33
why Nixon took us off the gold standard, right?
34:36
Because he wanted to win the next election and he knew that
34:40
we were in. We were, you know, the gold
34:42
standard forced the United States, right?
34:45
It tethered the dollar. It it, it, it, it, it.
34:50
What's the word I'm looking for? It throttled the government's
34:54
ability to print money Willy nilly.
34:57
Thank you for all these super chats that are suddenly rolling
34:59
in, Ivan. Thank you.
35:01
Right. So when Nixon took us off the
35:04
gold standard, right, That just opened the door for unlimited.
35:07
We know what happened. We're not gonna go down that the
35:09
last 50 years out of control. All you have to do is look at
35:13
the US debt clock, $34 trillion in debt.
35:18
Okay. But now we go into this year.
35:22
Think about it. Big election.
35:25
A very liberal president with a Lyle.
35:27
Do you know who Lyle Bernard or Lyle Broer, she used to be at
35:30
the Fed. She's a modern monetary Theory
35:33
type person that thinks universal basic income type.
35:37
I don't know this all, but I'm just giving you what I've heard
35:40
people say, right analysts say about her, We have a president
35:45
that's going to be fighting the extent that he can fighting to
35:50
save his political career, right.
35:52
They're going to be they're going to be rolling out the
35:54
punch bowl. Think about this.
35:57
Does it make you a little suspicious that last year or
36:01
earlier this year when they when they we had that debt ceiling
36:04
crisis that they didn't just raise the debt ceiling?
36:08
No, they eliminated it all together.
36:11
We're going to see some weird money tricks come out next year.
36:15
All of this is coming to a head. It's going to be a crazy, crazy,
36:19
crazy 2024. Do you feel comfortable?
36:22
I'll ask you that question. Do you feel comfy?
36:25
Do you feel comfy with owning silver and gold?
36:28
I'm. I'm going to ask you one last
36:30
question. I feel comfy.
36:32
Comfy. That's how I spell it.
36:36
Comfy. Comfortable.
36:40
Hey, Susie. I love Susie.
36:44
Everybody say hi to Susie. She supports this channel in
36:48
more ways than you can realize. Hey, one more time.
36:51
All of us that are here right now, 8 is great and our
36:55
moderator team is great. Coin shot Chris Susie, Jake
36:59
Sassy, Silver Annie Oakley, Jim M and I always forget one person
37:04
and I'd hate that. I'm so sorry.
37:06
Darn it. Anyway, 88888 because they
37:12
really are great. OK, it's going to be crazy now.
37:16
We've got 550 people here. I promised you I would ring the
37:20
gong 5 times. Don't go anywhere.
37:26
This is the gong of appreciation for all of you.
37:29
And it's not it's not 500. I got news for you.
37:33
I got some ground breaking news for you.
37:36
OK. It's not 550 people that are
37:39
here. No, it's one person.
37:41
And it's you. And without you, they they did a
37:45
good job when they named this thing YouTube, because without
37:48
you, right, there is no group. There is no Ron's basement.
37:52
So thank you for being here. Here's five rings of the gong
37:56
for you. So it's going to be an
38:12
interesting week ahead. Can you believe?
38:16
Wait a minute, wait a minute. Let's take stock for a second
38:19
here. Silver and gold investors we
38:22
have we have the the gold price. I can't pull it up 'cause I
38:25
can't reach my phone. We have the gold prize.
38:27
Hey, super, super Chad from Shadow Work.
38:29
Thank you. Thank you.
38:31
Coin Shop Chris for for pointing that out to me.
38:34
Let's take stock, guys. Let's, let's, let's, let's go
38:37
back in the time. Let's go back in the Ron's
38:39
basement time machine. Let's go back to October 6th
38:42
when we had $1800 gold 1800. Today we've got $2070 gold.
38:51
Gold is up $270 per oz oz over that time period.
38:58
OK, this week ahead is going to be interesting.
39:01
We want to stay above this $2050 per oz.
39:06
Can you even imagine next Saturday morning what the gold
39:10
price could be? Guys, this is big, this is huge.
39:14
This this is, this is, this is the positive atomic bomb.
39:19
Good news when it comes to the metals prices, if we're able to
39:24
breakthrough to a new all time high, maybe it's this week,
39:28
maybe it's next week, right? We got it on the Christmas tree.
39:30
We got something else on the Christmas tree too, but I'm not
39:33
allowed to talk about it. We get to a new all time high in
39:37
the gold prize. Remember Silver Silver's that
39:40
little little neglected self pity pity party over in the
39:45
corner. But when silver silver gets
39:47
riled up right, it moves. It's drama queen, it drama king.
39:51
It moves in a more dramatic fashion.
39:54
We get to if we get to a new all time high in gold, OK?
40:00
And it's crazy to think this and it's happening.
40:05
When nobody cares, OK, we get to that new all time high and
40:09
nobody cares what happens to the price of gold and silver when
40:17
people do start to care And what would be?
40:21
Is there anything going on out there that would lead me to
40:25
believe that people are starting to care?
40:27
Yes, there is. And I'm going to share with that
40:29
with you after I have a sip of coffee.
40:31
So don't leave. There's something big, big, big
40:43
going on that I've never seen in my decades being around the
40:47
silver and gold arena. And it has to do with the junior
40:51
mining stocks, one of which is first mining gold.
40:55
Excuse me, go check them out. If you're interested in junior
40:59
miners, they've got 13 million ounces of gold in the ground in
41:02
Canada. In Canada, right.
41:06
Gold resources in the ground in Canada.
41:09
Two of the world's largest gold development projects, Spring
41:12
Pool in Ontario and Duke Parquet in Quebec.
41:15
I got links to company information in the description,
41:17
but what does that have to do with your silver and gold in
41:20
this fact that nobody cares about silver and gold?
41:25
Nobody. Sorry I yelled.
41:27
Nobody cares. OK, well, let me tell you what
41:31
it has to do with because all these junior mining companies,
41:34
they need to raise money. And in this horrible
41:37
environment, everybody's like, Oh my God, I mean, these stocks
41:40
have been cratered. These companies need to raise
41:44
money. Nobody's going to want to give
41:45
them money. Something bizarro, something
41:48
that I've never seen is happening, and I'm seeing it
41:52
over and over and over and over again that when these companies
41:57
go to raise money, they've got a mad rush of people that want to
42:02
be involved in the offering. Big money people, OK, these are
42:07
people that are putting in 25,000 in the case of first
42:12
Mining Gold. Keith Newmeyer, who's the
42:14
Chairman of the company, OK, the founder of the company, also the
42:18
current CEO of First Majestic Silver.
42:21
He's putting in over $1,000,000 into the most recent financing
42:25
by First. My name was going to raise like
42:27
5 or 6,000,000 Treasury Metals was going to raise like 5 or
42:31
6,000,000 Brixton was going to raise and these companies are
42:34
come out saying we've got there's huge demand for these
42:37
offerings. Guys, that is a good, good,
42:41
good, triple good, quadruple good, five times good sign, OK,
42:46
that we've got big money people that are rushing in to get
42:49
involved in these financings. No guarantee, right?
42:53
I'm not giving financial advice. I'm just telling you that when
42:57
we look at the big picture about what's happening out there, I
43:00
can't believe we're going to get the 600 people.
43:02
And I don't know if we've ever had 600 people.
43:05
We're going to get the 600 people, OK?
43:07
Stay with us here, guys. I'll ring the gong 6 times.
43:10
We're getting a train whistle. ok.com.
43:13
Don said he's sending me a train whistle.
43:15
That'll be the new thing going. But I'm going to ring that gong
43:17
6 times. We're going to have a big party.
43:21
Doesn't it feel like it's shaping up for 2024?
43:25
Look, look, let's be real, OK? Let's have a little dose of
43:29
reality. We could get lower prices, all
43:33
right. It's not just going to keep
43:35
going up and up and up, But right now, there are so many
43:39
things that have fallen into place for the silver price and
43:42
the gold price. Technical things on the charts,
43:45
fundamental fundamentals matter. OK.
43:51
All right. So I froze there for a second.
43:56
I think I lost my Internet connection.
43:57
Anyway, fundamentals matter. And we're going to see
44:02
fundamental support for the metals prices.
44:04
We're going to see Technical Support for the metals prices.
44:07
We're going to see fundamental support for the mining stocks.
44:10
We're going to see improved sentiment for gold.
44:14
You're going to wake up. Imagine this morning, But I know
44:18
you get the Wall Street Journal every day, and you're gonna go
44:20
out, and you're gonna get your Wall Street Journal.
44:22
You're gonna take it out of its wrapper, and you're gonna see
44:25
articles about gold and silver on the cover of the Wall Street
44:29
Journal. And we just spoke a new Ron's
44:31
basement record. We got 600 people on the live
44:35
stream. We were there.
44:36
Hey, I'm gonna ring the gong 6 times.
44:41
A lot of gonging and ringing today.
44:51
We've got some massive interviews coming up.
44:54
Do you want to hear what Andy Scheckman thinks about the
44:57
silver and gold market? He knows a thing or two, right?
45:02
Patrick from what is it not? Oh darn it, I'm forgetting the
45:06
name Silver Bullion TV from Singapore.
45:09
That great guy we're going to. You're going to get a chance to
45:12
hear from him. We've got state senators, state
45:16
representatives from New Hampshire, Florida and Missouri
45:21
that are going to be here in the basement.
45:23
Guys, this is massive. This is the other story that,
45:27
that is not going to, you're not going to see this on the
45:30
mainstream media, OK. This legal tender legislation,
45:34
the Missouri Freedom Initiative with Pat Holland.
45:37
OK. The Citizens for Sound Money, a
45:41
national organization now coordinating legal tender
45:44
legislation efforts in a number of states around the country.
45:48
New Hampshire, Florida, Texas, Missouri, everywhere.
45:51
This is gonna be a big deal that also I mean we got the Technical
45:58
Support for the silver, gold and precious metal mining sacks.
46:01
We got the fundamental support for those mining side.
46:04
But we also have this potential states are working in moving
46:09
toward giving you. If you're in the United States,
46:13
is your state doing it? I would ask you that question,
46:15
but letting you regain your constitutional right to use
46:20
silver and gold as real money. The Founding fathers, you need
46:24
that. You know what?
46:25
Here I'm going to preach at you for a second because this is
46:28
important. Do a little research and read
46:31
about what the Founding fathers that wrote the Constitution went
46:34
through. They had like, their farms
46:36
burned, their kids kidnapped, right?
46:39
There was a very difficult time, and these guys made great
46:42
sacrifices to write the United States Constitution to give us
46:45
our First Amendment right that I'm exercising right now.
46:48
You're exercising it by leaving comments in the comments
46:51
section. But they also gave you and me
46:55
the right to use gold and silver as legal tender.
46:58
They wrote it into the United States Constitution.
47:03
And then don't forget what Thomas Jefferson said.
47:05
I won't say this again for two weeks, I promise you.
47:08
But Thomas Jefferson, who didn't write the Constitution but
47:11
nonetheless he warned of the evils of large central banks,
47:16
large corporations. He said they presented more of a
47:19
threat to the United States than an invading army.
47:23
I didn't say that. Thomas Jefferson said that, OK,
47:28
we're going to an exciting year ahead.
47:29
We got exciting times ahead. I'm most excited about the fact
47:33
that you've decided to join me here in the basement.
47:36
This does not happen without you.
47:40
The thumbs up are appreciated. the Super Chats are appreciated.
47:43
What's most appreciated is your presence, right?
47:46
And how lucky we are that all of us as individuals, because you
47:51
matter, your thoughts matter, your comments and the comment
47:54
section matter, that we're able to come together and do this on
47:58
a regular basis. We're growing.
48:00
We got thousands of people, right?
48:02
That's great. But there's one that's most
48:05
important and that's you. So be nice to yourself today.
48:08
I'll see you guys soon. And thank you.
48:11
Thank you. Thank you.