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⚡Silver Investor!⚡ Hear Why $700 Price is POSSIBLE - (Gold Price News Update too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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$700.00 silver. Trust me, it's coming.
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Plus we've got some big warnings about what could happen here in
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the coming week. We're going to talk about that.
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We're going to go on a field trip all the way to China.
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We're going to go all the way to Switzerland and we got a lot
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more to cover and yes, we're going to talk about $700.00
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silver because if you don't believe that we can see $700.00
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silver during our lifetimes, you're probably in the wrong
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basement. I believe 100% when I look at
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all the facts, fundamental fiscal, everything else that we
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can easily see $700.00 silver. And I've got 2 reasons why we're
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going to share that in just a second.
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But first, a big warning. The markets are likely going to
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be extremely volatile tonight, Sunday night and into the coming
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week. I don't have a crystal ball, but
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I have a real knack for knowing when big volatility is going to
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hit and it feels like we could be in for volatility.
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So buckle up, butter cups. That could affect the precious
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metals markets, the general markets and everything else.
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Now, before we get into this $700.00 silver discussion, I
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have another warning for you, something we should all be very
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scared about. That tells us how overvalued the
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general markets are right now. The general stock markets where
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most people, the people have all their money right in the S&P
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500. And a big, big part of the S&P
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500 is dominated by tech stocks and in particular AI stocks.
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And wait until you see this chart be ready.
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Take your blood pressure medicine because guys, it is not
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pretty. This came from bar chart who
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said the AI bubble is hitting the same concentration level
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that resulted in the bursting of previous bubbles, including.com.
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And when we pull up this chart, they've already got it pre
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circled in red. You can see back in the 70's the
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Nifty 50 as a that would that that was like the big stocks
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back in the 70s. They call them the Nifty 50.
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Anyway, that was their percentage versus the S&P 500.
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You can see it right there, right where my arrow is on the
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left. The next one over was the
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Japanese market. During the 80's, the Japanese
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were taking over the world. They bought Rockefeller Center.
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They were, they were going to, you know, rule the world.
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It was, you know, nobody like Japanese cars, all that
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craziness. Anyway, at that point, their
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MCS, the Japan market as a percentage of the MSCI market
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was at the same level and then crashed.
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And that's the same thing, by the way, that happened with the
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Nifty 50. Then we go to the tech and
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telecom sector as a percentage of the S&P 500 in the year 2000,
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that was commonly referred to as the tech bubble.
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And as you see, it got to 41%, then it crashed.
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Where are we now on the far right side, right here.
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It won't work for me, I'm sorry. Anyway, this one where I'm
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circling that is the AI Big 10 companies as a percentage of the
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S&P 541%. See that 41 percent, 44 percent,
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40%, it's already started to come back down, but just be
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ready, OK? We want to stay abreast to
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what's happening in the general markets and it is a bubble by
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any. Trust me, I have a degree in
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accounting, I can read financial statements.
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I know how these markets work and we are in a bubble of all
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mother bubbles in the tech sector yet again.
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I could be wrong, but I think and I know that I am right on
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that. Now let's talk about silver.
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Let's talk about $700.00 silver. And like I said earlier, if you
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don't believe that you're going to see it during your lifetime,
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you need to find some other guy that hangs out in his basement.
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I don't know, maybe talks about $40 silver or $90.00 silver
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because I believe it's coming. And here's 2 reasons why.
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The first one we're going to look at is the mining ratio.
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And this is very important and very easy to understand, our
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friend Smooch says. It reminds us that silver is
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extracted from the earth at a six to one ratio against gold.
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OK, so there's 6 ounces of silver that are mined every year
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for each one ounce of gold. Gold at 4500 would make silver
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at that ratio over $700.00, even 150 if the ratio was 30 to 1.
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I'll explain more in a second. So yeah, real silver, not paper,
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should be 150 to 750 right now. Imagine gold goes to 6000, as
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has recently been quoted by Goldman, and we're going to talk
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about the big giant Swiss bank who's also talking about the
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same thing but just took out at but just look at the M3 money
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supply and you'll see are the M2 and we're going way higher than
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anyone expects $2000 silver. No problem.
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So what Smoot is talking about guys, is a very simple concept,
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right? You get one ounce of this.
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Here's a beautiful silver round from our friends at first met.
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You get one ounce of this for every Imagine I had 6 fingers
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and each one was an ounce of gold.
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I'm sorry, you get 6 ounces of this for one ounce.
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Imagine there's six of these here.
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Here's a 5 oz silver bar from First Met.
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OK. That's 6 ounces of silver,
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Bitter mind, each one ounce of gold, OK, But the price race, so
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the price ratio, right, should be 1 to 6, right?
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And if that were the case, the silver price would be well above
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$700.00. The price ratio isn't it's one
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to 60 or higher. I don't it's probably 63.
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Whatever the gold to silver ratio, it takes 63 ounces of
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silver to get just one ounce of gold.
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And if you just look naturally at what's coming out of the
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earth at a one to six ratio, right, people can argue that's
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what the price should be. But wait, there's more.
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Because consider the fact that of those 6 ounces of silver that
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are mined and silver is a monetary metal, just like gold.
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It was money before gold. Half of it is getting is getting
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consumed by solar panels, cell phones, car batteries, all that,
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all the industrial uses for silver.
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I mean, really the argument could be made it should be more
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like, like Smoot said, three to one or four to one.
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OK, but wait, there's even more because when we look at
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historical relationships of the silver price, right, the other
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parts of the market, we are so undervalued right now.
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And the important thing we're going to look at a chart here in
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a second is to remember these relationships go up and they go
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down, they go up. They don't ever go below 0 or
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anything like that. Take a look at this comparing
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the price of silver to the NASDAQ 100.
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OK. And this comes from, I want to
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give proper credit to Gratty. I believe it is.
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Yeah, Gratty commodities TA, big smart analyst, he says.
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I've been posting this ratio was bottoming length to post to the
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bottom below. And with silver's huge move
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lately, it is now broken out above the blue line.
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As I've been saying, these market opportunities are
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extremely rare, maybe once or twice in a lifetime.
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So make the most of it, OK? And what this chart shows, I'm
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going to get a different color here for you guys.
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We'll go with green. That'll stick out nicely is
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silver versus the NDX and the NDX is the NASDAQ 100, the 100
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biggest companies on the NASDAQ, as you can see, right, It's a
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ratio. You take the silver price and
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you divide it by the NDX index, OK, It's a ratio.
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That ratio has been really high back here.
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What is this in the late 80s, It was all the way up at like .05
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basically. You can see over here, OK,
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here's that back here, even in 2011, OK, we got up to what
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point O225, where are we now? We are at .003, OK?
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So if we just from where we are on this chart went up to this
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level point, O3, OK, that would be about right here.
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That would be a 10X move in the price of silver from our current
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price that we're at. That would be well over $700.00
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silver. It could go all the way up here,
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OK, which would be like all the way.
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I'll draw in there one more time for you up here into this level.
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That would be, who knows, right, 14115 hundred, maybe $2000
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silver. And with all the money printing,
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which we're going to talk about here in a little bit, you know
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that that ratio can change in two ways, right?
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The, the, the NASDAQ 100 could drop, right?
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And silver could remain the same or the NASDAQ 100 could go even
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higher and the ratio could go even higher, which could get us
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to silver prices, which are absolutely truly mind numbing.
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OK, let's see. I got some notes here I want to
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read through on this so and OK. Oh, yeah, that's the other
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thing. Here we go.
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One more very important thing to remember on this chart.
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This is what it hit in 2011. Was silver used in in industry
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in 2011? Yes, absolutely.
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OK, here's silver back here in the late 80s.
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Was silver used in industry during that period?
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Yes, absolutely. But nowhere near the level that
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it is being used right now in our world.
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OK, There is no, there's no way. Hold on one second here.
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There's no way that you can even compare the amount of silver use
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what I'm the point I'm making I'm struggling to make.
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Thank you for for sticking with me on this is the fact that
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things really are different now than 2011 19801988 when we saw
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those those that ratio extremely higher things really are
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different. There's less silver available
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and coming right of the easy silver is all gone.
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The other thing to remember, OK, so demand for silver from
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industry is much higher, but the even more exciting you got to
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think big picture about this stuff, OK, got to open our
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brains a little bit. The other thing that we can
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remember is that during that period from 2011 or from 2001,
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even through now 25 years, 30 years, nobody has been exploring
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for silver, OK? There's not a pipeline of new
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big silver projects coming online.
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Why? It's very important for us to
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remember the reason why, which is because the price of silver
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over that period of time was artificially suppressed, smashed
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down and kept artificially low. So there was very little
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financial incentive for anyone to go out or they couldn't.
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It was very difficult to raise money to go out and say I'm
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going to go explore for silver, right?
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That people that wanted to explore for silver would go to
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bankers and say, I want to raise $5,000,000 to, to go explore for
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silver. And they said, well, why would
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you want to do that? Silver's $15.00 an ounce or
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$20.00 an ounce or $12.00 an ounce.
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We're not giving you money to go explore for silver.
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That doesn't make financial sense, right?
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Because they had suppressed the, so the pipeline of future silver
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projects is, is very, very barren right now.
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And on top of that, on top of that, guys, we know this, but
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not everybody knows this. 70 to 80% of the silver that's
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produced in the world today is produced by accident.
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It's produced as a by product of copper mining, zinc mining, lead
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mining. OK, Only the visionaries, people
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like Keith Neumeyer from First Majestic Silver, that guy Sean
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Kunkuna used to be Dolly Varden, Gavin the guy, the guy from
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Silver 47. OK, there were the visionaries
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out there like exploring for silver when no one else was.
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BlackRock Silver's another one out in Nevada.
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So we, we're in for it. We're in for some very, very
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good times. And we're going to and on top of
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that, it's inevitable I'm going to get to that.
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Before I do it, I want to say thank you to channel sponsor
12:55
Brixton Metals. They're a Canadian metals
12:58
exploration company with four big projects in Canada and the
13:03
United States. Of course, our friends at First
13:05
Mining Gold. They're a development stage gold
13:08
company in Canada. They have two huge projects,
13:11
both with multi million oz each spring pole in Ontario and Du
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Parquet located in Quebec. You can learn more about both of
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them at their respective websites, brixtonmetals.com and
13:24
firstmininggold.com as well. Look, here's the other thing I
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don't know. I got this with stars.
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I got all these notes to tell you guys about.
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I think the other thing that's going to push us is if we stay
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as the United States of America on the same path that we are on
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right now, OK, deficit spending, massive deficits going on right
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now on top of that, right, interest rates that are going to
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go higher, potentially increasing the interest expense
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on the massive amount of debt we have.
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It is absolutely inevitable. And we get a great example, a
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great a great piece of proof that that is indeed the case.
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Just last week when Jerome Powell himself, I'll get him for
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you. Hold on.
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Yes, this Jerome Powell, right, was speaking at Harvard
14:15
University. And somebody asked him, one of
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the students, the last question, what's going to happen with all
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this national debt? And Powell said it is not
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sustainable. We cannot continue down the path
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that we are on. We are headed for doom.
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He said it right there. That guy said it.
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OK. And then I don't know if you
14:36
caught this or not, you can go back and watch it, Google it,
14:39
whatever, YouTube it, don't leave this video.
14:42
I want you to be here and don't forget to subscribe, please.
14:45
Upstairs, Susie. And I really appreciate you guys
14:49
being down here, the basement dwellers.
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But the cherry on top that we got from Jerome Powell, the very
14:55
end of his speech was he expressed, and you could feel it
14:59
in his voice that he was fair. He said I've been trying.
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Nobody listens to me. He like he was like frustration
15:05
with the leaders of our country that we are on a path of doom.
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He didn't quite use those exact words, but that's what he wanted
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to say, right? And that nobody is paying
15:16
attention to him. That is the head of the United
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States Central Bank. OK, we could see silver, it's
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seven, $700,000 an ounce during our lifetime here.
15:28
And here's a great example because this is I don't know if
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you've seen this chart, but this is absolutely jaw-dropping.
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This is a chart from Ash Crypto who has over 2 million followers
15:39
on X 2 million right points out crash the Turkish lira, the
15:43
country of Turkey, their currency has dumped 99.99%
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against the US dollar. This is the fate of every Fiat
15:54
currency. I think this is it says right
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here, I didn't have time. I meant to look a six month
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chart of the of the Turkish lira against the US dollar.
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That is what every Fiat currency in the history of the world has
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a 100% history of doing. I loved it when our U.S. dollar
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was backed by gold and silver, right?
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It worked very, very well. And furthermore, consider this
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that chart compares that chart is comparing the the Fiat
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Turkish Lira to the Fiat paper. Like we just talked about this
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thing U.S. dollar. OK, that's like, that's like
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comparing the ethics of a of a bunch of people that are in a
16:37
prison wing together or something, right?
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It's like comparing the the best horses in the glue factory.
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I'm not against, but you know what I'm saying?
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That's like comparing the the the five of the worst cars on
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the worst used car lot in the worst part of the city that you
16:54
live in, right? That's like comparing one more
16:57
comparison for you. Like like five guys jumping off
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the top of the Empire State Building and the guy that's
17:03
falling the slowest says, hey, look, I'm falling the slowest.
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You get my point? That's where we're headed with
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that right now. War.
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Let's talk about war. You know, in this everybody's
17:13
all upset about the fact that old gold went down, silver went
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down on the breakout of the of the war that's going on.
17:21
And I don't like war, not a political channel, but you know,
17:24
I'm not in favor of war and or anything like that.
17:27
But this war that broke out in the Middle East and the fact
17:33
that gold went down, silver went down.
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Let me tell you something, OK, short term noise, because that
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war, any war will be very supportive for the gold and
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silver prices #1 it increases the national debt.
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They're already calling for like a record 1.5 trillion, only 1.5.
17:53
I mean, you know, crazy military budget going forward.
17:57
It's extremely expensive. You've heard all the data on
18:00
that. That only creates more money
18:03
printing. Where are they going to get that
18:04
money from? Right?
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They, they got to make it up. They got to borrow it, which in
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the end creates more money printing.
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But even more important, it increases inflation, no doubt
18:15
about it, not just because of the oil prices going up, but
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because of the devaluation of the dollar as well.
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And when inflation goes up, that makes real interest rates go
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down because the higher, the higher, the higher that
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inflation gets, right? That eats away at any return
18:36
that people are making on interest on their money.
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That's called the real interest rate.
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You take the prevailing interest rate, we'll say 4% for
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simplicity sake. Seems like that's roughly what
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you get in a money market account right now.
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You take that rate like, oh, I got 100 grand, I'm making 4%.
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I'm making 4000 a year. Well, you got to subtract the
18:56
inflation rate. And if the inflation rate is 2%,
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well, you're in the money, right?
19:01
You're, you're making 2% after inflation.
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But if inflation is 6%, right, that's how you get real interest
19:08
rates. You subtract the inflation rate
19:10
from the prevailing interest rate and inflation 6 and
19:14
prevailing rates four, you're actually -2 that's called
19:18
negative real interest rates. And if inflation goes to 10, OK,
19:23
and Oh my gosh, the Fed raises rates from what, 3 1/2 to 5%.
19:28
It doesn't matter. You still got right?
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You subtract the 10% from the 5% and you're still losing 5%.
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You still have a negative 5% real interest rate.
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That's why in the long run, ignore all the short term noise
19:43
when it comes to this like war about gold and silver.
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And that's what drives gold and silver.
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I almost forgot to tell you that that's the most important factor
19:52
anybody will tell you over the long run are negative real
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interest rates losing money on your savings.
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All right. On your, on your paper dollar
20:01
savings. Against the inflation rate that
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drives gold, that is driven gold and silver for thousands and
20:08
thousands and thousands of years.
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Next we're going to go to Switzerland.
20:12
Excuse me and then my friends, then you come to the basement,
20:16
hang out and subscribe to make upstairs Susie happy.
20:20
We go on trips to Switzerland and then we're going to go to
20:23
China. Before we do that, I do want to
20:25
say thank you to channel sponsor.
20:28
There they are right there first meant you can see them on this
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beautiful 5 oz bar as well. I love this 5 oz bar.
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It's really super cool. They got a whole host of like
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world class silver bullion products. firstmeant.com, OK,
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great prices, great selection, great service.
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And the best thing about it is the great feedback that we've
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received here at Ron's Basement from you, the basement dweller
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community. You guys have loved your
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interactions, the products. I mean, it really is a true
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premium retail experience. They're owned by First Majestic
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Silver, Keith Neumeyer's massive silver mining company.
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So the silver you get from First Mint goes from the mine directly
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to the Mint in Las Vegas, NV, and then directly to you.
21:17
And before we go to Switzerland, let's make a quick stop at the
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First Mint website. This is their new custom
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engraving they do on bars. But as you can see here, it's
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first mint.com. Free shipping on orders over
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$299 and there's a discount code VIP.
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Like very important person. Thank you yourself.
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And then thank RB Ron's basement.
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VIPRB. OK, let's go to Switzerland.
21:46
And why do we want to go to Switzerland, right?
21:49
Everybody knows. Uh oh, hold on, here we are.
21:53
Everybody knows the smartest bankers in the world are in
21:57
Switzerland. I mean, remember if you grew up
22:00
in the 70s or 80s, nineties like me, everybody talked about the
22:04
Swiss bankers, secret Swiss bank accounts, right?
22:08
They're the ones who are in the know.
22:11
And one of their biggest banks is called UBS United Bank of
22:14
Switzerland, I imagine. Don't quote me on that.
22:17
But what we like more about UBS is what they are telling us
22:21
about gold. And we got 2 highlighted
22:24
paragraphs to share with you. UBS forecast gold, about $6000.
22:29
Should you buy now UBS, one of the world's most respected
22:33
financial institutions, and I'm on the wrong screen.
22:37
Sorry, guys. There we go.
22:38
Now we're on the right screen. I apologize.
22:40
One of the world's most respected financial institutions
22:44
argues in it. It's the latter.
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The Swiss banking giant set a gold price target of $6200 per
22:52
oz for mid 2026. That's almost like Michael
22:56
Oliver's $500 prediction for mid 2026 for silver.
23:00
I digress. Easing to 5900 by year end?
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What? That's OK?
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Representing up to 41% upside from current levels in an
23:08
extreme scenario driven by escalating geopolitical
23:13
tensions. Yeah, it sure doesn't feel like
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that could happen, huh? UBS puts the ceiling as high as
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$7200 per oz for gold. You know what that means for
23:27
silver? OK, Why are they saying this?
23:30
They're talking about the Federal Reserve rate cuts.
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But we know that what really matters are the real interest
23:36
rates, like we talked about earlier.
23:38
Sustained central bank buying. Yes, the world central bank
23:40
banks are buying gold hand over fist and record investment
23:44
demand. On the risk side, we're going to
23:46
talk about the negative UBS upside scenario of 7200 per oz
23:51
assumes a sharp escalation in geopolitical tensions.
23:54
The bank's downside case of 4600 is worth noting in context that
23:58
gold recently traded near that level before its latest leg
24:03
higher. If the Fed turns more hawkish
24:05
than expected, a return toward that range is possible.
24:09
I don't agree with that because like we said, the Fed, the Fed
24:12
can raise rates, but if inflation continues at a much
24:16
faster rate, it's not going to make any difference.
24:22
Sorry guys. I'd take a water break though.
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UBS views this as tail risk, not the base case, so meaning that
24:29
they don't really think that will happen.
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Now let's go to China, huh? Hold on a second.
24:37
I apologize to all. I've been getting a lot of
24:39
complaints lately. I apologize.
24:42
I didn't ring the the gong. Gongs come from China.
24:45
I love China. I love Chinese people.
24:49
There's the gong for you. The old golden gong that always
24:52
brings us good luck with the gold price.
24:54
Hold on here one second. And oh, before we go to China,
24:59
we'll go to our favorite analyst, then we're going to go
25:01
to China. Let's go check in on Rashad and
25:04
see what he's expecting right now.
25:07
This is interesting in the gold market.
25:09
And again, gold will drive silver higher.
25:13
He points out something very interesting with the gold rally
25:17
that we've been through. So the run through October run
25:20
from October 2023 up to date, every consolidation is getting
25:25
larger and the rally becoming steeper.
25:28
Given the size of the present formation, the next leg up is
25:32
going to be very steep and likely the biggest.
25:35
And what he's telling us or showing us on this chart is
25:39
this. As you can see, right, these are
25:41
consolidation periods that we've had in the run up their wedge
25:45
patterns. There's one, there's two,
25:49
there's three, OK, went up 20% after the first one, went up 30%
25:55
after that one. This one we went up 65%.
25:59
But as you can see, we are back in a wedge pattern.
26:02
We did break below barely there. But I think from ATA analysis
26:05
that doesn't matter. What he's saying is look,
26:08
they've gotten looks, look how small that one is.
26:10
They got bigger, they got the wedges have gotten bigger and
26:15
bigger and bigger in the resulting price increase went
26:19
got bigger as well from 20 to 30 to excuse me, 65%.
26:26
So that's what granny's saying. I think he's talking about
26:29
imagine my computer screen goes up twice as high.
26:32
I think he's talking about numbers like $8000 gold or
26:36
higher. OK.
26:37
And as we know, gold continues to be gobbled up.
26:40
We got this good news about China.
26:44
China gold and silver demand are both back and rising in March.
26:49
OK, here we go. These are the Shanghai Gold
26:52
Exchange. This is.
26:55
Is this silver? Hold on.
26:57
Yeah, Now this is gold. I apologize.
27:00
Top one is gold right there. Won't let me draw on the screen.
27:04
As you can see, March is going back up.
27:06
Very steady down here. We see silver again.
27:09
The furthest right bar also on an upward tick.
27:12
But so we're hearing of all these crazy stories from China.
27:16
I'm going to, we're going to go negative here for a second, OK,
27:20
about China because we like to do fair and balanced reporting a
27:24
pretty negative story about silver in China.
27:27
And then we're going to go on a little field trip together to
27:30
our favorite place that should buy gold and silver market and
27:33
see what's happening there. But first, let's check this out.
27:37
This came out over the weekend and was a story about how silver
27:42
crashes. OK, this is this is from a
27:45
channel called China Observer. So consider the source, but
27:48
listen to this lady. I guess she's an influencer in
27:51
China talking about how she's lost money on silver her.
28:00
Grants on January 25th. Now it's now we're on the right
28:03
screen. I've already lost over 500,000.
28:06
Why does it always drop as soon as I buy it?
28:08
Did I big Ting Ting single handedly bring down?
28:11
Big Ting Ting, does her story sound familiar?
28:17
So many people say that, and I'm guilty of saying it myself
28:20
sometimes. Every time I buy a stock, every
28:22
time I buy this, that it all, the price always drops.
28:25
You think it'd be a good story? Big Ting Tang are a good
28:28
strategy to wait. OK, back to Big Ting Tang for a
28:31
few more seconds. The entire precious metals
28:33
market. It's her fault she's called Big
28:35
Ting Ting, a silver trading Blogger from Tangsha City.
28:39
Over the past few months, her name has become well known in
28:42
the precious metals investment circle.
28:44
However, this Jane came at the cost of a huge losses paid in
28:48
real money. It drops as soon as I buy.
28:50
This helpless statement echoes the feelings of countless small
28:53
silver traders. She bought at the high of CN¥35
28:56
per gram, only for silver prices to start falling afterwards.
29:00
Based with her shrinking account balance, her only choice seems
29:03
to be averaging down, but each time she did, it only sank her
29:07
deeper into losses. I bought at 35, then averaged
29:14
down. Maybe every step I took was
29:16
wrong, but I had no way out. I had to keep moving forward.
29:20
I can only change my mindset and welcome a new life on this path.
29:24
I hope those who are stuck with me will live happily every day.
29:27
I wish we can all breaks free soon.
29:29
Let's go. And that doesn't comfort her
29:31
saying look at the people who bought properties a few years
29:34
ago. They lost even more than you.
29:36
Yeah. OK, so and then there's a couple
29:38
other stories about people who lost money or, or they haven't
29:43
lost money. That's what I want to say to my
29:44
friend Big Ting Tang from all of us in the basement.
29:47
We talk about this all the time. If you're going to buy silver,
29:51
buy it as a generational investment.
29:54
Don't buy it with money that you think you're going to make in a
29:56
week or a month or whatever the case may be.
29:59
OK Buy it because you fundamentally understand the,
30:03
the, the concepts behind Fiat money systems, paper money,
30:07
right? Money printing, inflation,
30:10
preserving your wealth over a long period of time.
30:13
Big Ting Ting. And I have to remind myself of
30:15
this as well. Like look, Ron from the basement
30:19
and you our viewer, right? This is a long term process of
30:24
preserving wealth. You know, if you want to be a
30:26
trader, no problem. I have no, no qualms.
30:29
People do whatever they want. Most people who try to trade
30:32
anything in and out, make a quick buck, wind up losing.
30:36
It's a long term prospect. And we talk about this all the
30:39
time, guys. Volatility, Silver in particular
30:42
can be very volatile, right? Like that January 28th or 29th
30:47
day where silver went down 4050, whatever it was per oz OK.
30:51
But but over a long period of time, if you believe in the
30:56
fundamentals of silver and you believe in the numbers that back
31:01
it up, silver will maintain wealth and so will gold, much in
31:06
my opinion, much better than than than almost any other
31:10
assets that are out there and available.
31:12
And just because now we heard how horrible it is for people in
31:15
China, let's go to the let's go to the big major Chinese silver
31:20
and gold market. Our friend David Lee has a video
31:23
clip from the Shenzhen Shubai market, which is like I think
31:27
the biggest gold and silver market in China.
31:29
The gold jewelry prices 5400 gold bars 4850 a Troy oz silver
31:36
jewelry selling at $101.00 per Troy oz.
31:40
Now it's very important to remember those prices include
31:44
value added taxes. OB 80s jewelry price includes
31:49
craftsmanship as well. So we aren't saying the price of
31:52
silver's at $101.00 in China right now, but we do know that
31:57
the actual price for physical metal in China is recently been
32:01
hovering around $10 per oz more on the Shanghai Gold Exchange
32:07
versus the LBMA in London, England, where we derive our
32:11
spot price. But let's watch, let's go, let's
32:14
go for a 24 second. We're going to, we're all going
32:16
to go here together someday. This is the the Shubai market in
32:20
China. And you, you judge for yourself
32:23
if people are actively pursuing silver and gold.
32:50
Are you? The gong fell over.
32:55
All right, guys, I don't know about you, but to me it looks
32:58
like the Shoe Bay market is quite, quite busy and I can't
33:01
wait to go there someday. Maybe we'll be there together.
33:04
What I do know is that we're together right now down here in
33:08
the basement, an incredible community of people on behalf of
33:11
myself and upstairs, Susie, we love you.
33:13
Thank you for being here. If you celebrate Easter, we hope
33:16
you had a great, great, great Easter.
33:19
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33:21
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33:24
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33:26
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33:28
Trust me, you can pretty much say whatever you want, OK,
33:32
Right. OK, Be respectful, please.
33:35
We always, you know, look, I, I have my opinions.
33:38
You have your opinions. We all have our differing
33:40
opinions. It gives us an opportunity to
33:42
learn from each other. OK?
33:44
So leave a comment in the comment section.
33:46
And thank you for being here. Take care of yourself.
33:49
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33:52
And yes, I see you. We'll see you.