Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🤡 COMEX Silver! 🤡 THIS Is Crazy... (Silver Price News Update) Gold Price Too

Transcript

🤡 COMEX Silver! 🤡 THIS Is Crazy... (Silver Price News Update) Gold Price Too · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  We're going to talk about what's happened since Donald Trump was
• 0:02
  elected president and we've had a 12% decline in the silver
• 0:08
  price. But when we apply a little
• 0:11
  common sense, look at history and look at some unbelievable
• 0:16
  data about what is going on in regards to manipulation in the
• 0:21
  silver market right now, trust me, you got nothing to worry
• 0:26
  about. Thank you for being here in the
• 0:36
  basement. If you want to get content on a
• 0:38
  daily basis focused on silver, gold, and why we need to feel
• 0:42
  good about our investments in silver, gold, and precious metal
• 0:46
  mining socks, please subscribe to the channel.
• 0:49
  You are the most important part of Ron's basement.
• 0:52
  But first, let's talk about silver here in some common
• 0:56
  sense. Do you really think that the
• 0:58
  Indians or the Chinese or the Russians are going to stop
• 1:03
  buying massive amounts of silver?
• 1:06
  Do you really think that the solar panel industry is going to
• 1:10
  shrink? Do you really think that the
• 1:13
  demand for silver from EV batteries is going to suddenly
• 1:17
  evaporate? Do you really think that all the
• 1:20
  demand for silver, for electronics as we're moving
• 1:24
  through a period of time where everything's turning electronic
• 1:27
  and artificially intelligented, do you think that's all going to
• 1:32
  go away? No, it's not.
• 1:35
  But it's even more interesting when we look at this price
• 1:39
  decline that we had in silver that I understand.
• 1:41
  I'm with you. It hurts.
• 1:43
  It doesn't feel good to see our friend silver drop from $35 all
• 1:48
  the way to almost $30 per oz. But when we look at that price
• 1:53
  drop through the lens of history, through another period
• 1:57
  of time where the silver price went from $12.00 an ounce all
• 2:01
  the way to $50 per oz, maybe what we're experiencing right
• 2:06
  now is just plain normal. Let's go out and take a look at
• 2:10
  this fascinating chart that I think tells us a lot about what
• 2:14
  is going on right now in the silver market market.
• 2:21
  Here we have it silver corrections from the year 2009
• 2:25
  through 2011. Like I said, we started in
• 2:28
  January of 09 with the silver price that looks to be about 11
• 2:32
  or $12.00 per oz. And then what 2 1/2 short years
• 2:37
  we went from $12.00 all the way up to $50 per oz in that March,
• 2:44
  April time frame of 2011. But guys, look at this, look at
• 2:48
  all these red numbers. These are the corrections that
• 2:52
  occurred along the way in just that two year period.
• 2:56
  We've got several almost 14 percent, 12%, OK, 12%, eleven.
• 3:03
  If we, if we round up 12%, twelve percent, 14%, all of that
• 3:09
  occurred. All of those corrections during
• 3:11
  a period of time where silver was moving from $12.00 up to
• 3:16
  $50, a 4X increase. If we consider going up 4X from
• 3:22
  where we are today, I don't think we need to be advanced
• 3:26
  mathematicians to know that four times the current $30.00 and
• 3:31
  we'll be conservative and call it $30 per oz silver price would
• 3:35
  mean $120.00 per oz silver. So if we apply common sense
• 3:41
  right, and we look at history as a guide, if we are indeed in
• 3:46
  this great bull market for silver, what we're going through
• 3:49
  right now is just normal. Not fun, but normal.
• 3:53
  Hey, I want to say thank you to channel sponsor Pimbex Pi MB EX.
• 3:58
  They're an online bullion dealer where you can buy silver and
• 4:02
  gold and platinum group metals. Look, I don't have a crystal
• 4:05
  ball. I could be dead wrong about my
• 4:07
  price predictions. But if you on your own decide
• 4:11
  that you think buying some physical metal is a good idea,
• 4:13
  please do yourself of a favor. Do what so many of the basement
• 4:17
  dwellers have done. Check out Pembacs.
• 4:19
  You're going to get ultra competitive pricing so you get
• 4:22
  more metal for your money. You're going to get a great
• 4:25
  selection and a company you can trust.
• 4:28
  You need to find that out for yourself.
• 4:30
  I can tell you I've received overwhelmingly positive feedback
• 4:34
  from our basement dweller community in regards to Pembacs.
• 4:40
  And right, as a special added bonus, if the silver price is
• 4:45
  indeed manipulated, that's just speculation.
• 4:48
  Of course. We're going to talk about that
• 4:50
  next, right? The price that you're getting
• 4:52
  silver at right now is a real bargain deal because let's talk
• 4:58
  about some unbelievable data that we have in regards to the
• 5:02
  paper manipulated price of silver.
• 5:08
  We're going to go out and listen to our friend the Dude on X.
• 5:13
  OK? We're going to look at some
• 5:16
  data. This was from the day after the
• 5:18
  presidential election. The silver market traded 700
• 5:21
  million paper ounces of silver in one day.
• 5:26
  Need I remind you that the entire mining sector over an
• 5:29
  entire year only produces about 850 million oz?
• 5:34
  Darn near. In one day, they traded the
• 5:37
  equivalent of one year's complete mine output.
• 5:41
  But then it gets even more interesting because as we go
• 5:44
  through the next day, here's the data from Thursday of last week.
• 5:49
  Almost 500 million oz were traded.
• 5:52
  And when we go take a look at Friday's data, another almost
• 5:58
  500 million oz were traded. And when we look at Monday,
• 6:03
  November 11th data, another 500 million oz.
• 6:11
  Now if we add those all together, guys, right, that's
• 6:14
  2.2 billion oz, 2.2 billion ounces of silver in four days.
• 6:27
  That's darn near the equivalent of three years, three years
• 6:33
  worth of silver mining output, 3 years traded in four days.
• 6:40
  And you're going to sit and tell me with a straight face, you're
• 6:42
  not going to, are you, Buttercup, that the silver price
• 6:47
  is not manipulated? Because all that paper silver,
• 6:50
  that 2.2 billion ounces is just that paper.
• 6:54
  It doesn't have a representative physical metal behind it like
• 6:58
  they do on the Shanghai Gold Exchange.
• 7:00
  No, no, this is paper Western traded silver.
• 7:06
  Think about that. That has to be manipulation.
• 7:09
  If it's not based on a real asset, how can it not be at its
• 7:13
  core manipulation. And when we look at what
• 7:17
  happened right since President Trump has been re elected right,
• 7:21
  that the silver price been clobbered 1213% and we realize
• 7:26
  they've done that before. They tried and tried and tried
• 7:30
  from O 9 to 2011 when silver went up 4X multiple times
• 7:35
  clobbered silver even more. It's not going to be an easy
• 7:39
  ride. OK.
• 7:40
  But my truth is that it's going to be a definite ride to much
• 7:45
  higher prices for silver and gold for that matter.
• 7:49
  We're going to have a great, great time.
• 7:51
  Hey, if you want to check out a gold development company that
• 7:54
  has gold in the ground in Canada, please check out channel
• 7:58
  sponsor First Mining Gold. They have two multi million
• 8:01
  ounce gold development stage projects in Canada, gold in the
• 8:05
  ground in Canada, they're working through the permit
• 8:08
  process. If you want to check out a
• 8:10
  silver and gold mining company that has active mines right,
• 8:14
  Latin America mining silver and gold and in West Africa mining
• 8:18
  gold, check out channel sponsor Fortuna Mining.
• 8:22
  All of our sponsors, including Pembeck's, make Ron's Basement
• 8:26
  possible. Our little meeting, our little
• 8:28
  little tribe, where we get together and talk about what we
• 8:31
  really love. We don't love it more than our
• 8:33
  families, but we love silver and gold.
• 8:37
  Thanks for being here, thanks for being part of the basement,
• 8:40
  and I'll look forward to seeing you soon.