Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ✅ $8,000 Gold in 2027! ✅ - Hear the KEY Reason - (BIG Silver NEWS too)

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✅ $8,000 Gold in 2027! ✅ - Hear the KEY Reason - (BIG Silver NEWS too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Massive uncertainty breaking free in the world tonight.
• 0:04
  We're going to make sense of it all.
• 0:06
  We're also going to talk about $8000 gold by 2027 and why Wells
• 0:12
  Fargo says that will be the case and why it makes perfect,
• 0:16
  perfect sense to us when we check it out.
• 0:19
  But let's talk about what's happening right now.
• 0:21
  There's massive news stories breaking over the weekend about
• 0:24
  the Middle East. It's impacting the silver and
• 0:26
  gold market. Let's run out and take a look at
• 0:29
  the latest price update that we have 4 silver and gold from
• 0:34
  Kitco. Oh and you can see a
• 0:36
  advertisement from my channel sponsor first meant over there
• 0:39
  on the right hand side, but we have silver prices it down
• 0:44
  almost $2.00 per oz, Gold down about $75 per ounce.
• 0:49
  Of course, guys, it all has to do with this.
• 0:52
  Here's CNN telling us that the US Navy fired on and seized an
• 0:58
  Iranian flag vessel. So think about what's going on
• 1:02
  right now. And I'm going to help you make
• 1:04
  sense of it all. We've got the Strait of Hormuz.
• 1:08
  Is it open? Is it closed?
• 1:10
  OK, we have the ceasefire. Is there a ceasefire?
• 1:13
  Is there not a ceasefire? And now they're supposed to be
• 1:16
  negotiations on Monday. There's differing reports about
• 1:21
  whether that's going to even happen.
• 1:23
  The bottom line is we have massive uncertainty right now in
• 1:28
  the world and tons of volatility.
• 1:32
  And about the best thing that we can do, we can realize two
• 1:34
  things. Number one, we need to accept
• 1:37
  the fact that there's this massive uncertainty.
• 1:39
  There will be volatility #2 we need to accept that that's the
• 1:45
  case, that we aren't going to be able to figure it all out.
• 1:48
  We're not getting all the news. We don't know what's really
• 1:51
  going on. But what we do know is that in
• 1:54
  the end, uncertainty in the economic damage that's being
• 1:58
  done every day right now will be good for the gold and silver
• 2:03
  price. And we can have a sense of humor
• 2:04
  as well. This is a three second video
• 2:07
  that I'm going to share with you.
• 2:11
  I don't know about you, but this, this one made me smile.
• 2:16
  And furthermore, God knows what can happen by tomorrow morning.
• 2:22
  We're recording this on Sunday evening about 7:00 central time.
• 2:26
  We could have the Strait of Hormuz open, reclosed, and
• 2:30
  reopened by the time the markets open Monday.
• 2:34
  Who knows if there's any people that have inside information.
• 2:37
  That's the other major thing that's going on right now.
• 2:41
  Tons of speculation about major trades being made right before
• 2:45
  big news events happen. It's crazy.
• 2:48
  Again, guys, it's going to be good in the long run for gold
• 2:52
  and silver #2 for our own Peace of Mind.
• 2:55
  We have to realize that there's just going to be a ton of
• 2:59
  uncertainty and that we aren't going to be able to figure out
• 3:02
  exactly what happens. My, my, my suspicion, and I feel
• 3:05
  rather strongly about this, is that this could go on for a
• 3:09
  little bit longer or maybe a lot longer than most people think or
• 3:14
  most people realize. Let's go check out $8000 gold
• 3:18
  and why Wells Fargo, right? The big giant financial firm
• 3:23
  Wells Fargo is telling us to expect $8000 gold by 2020.
• 3:28
  Second, this comes from International Business Times in
• 3:31
  the United Kingdom. The gold price could reach $8000
• 3:35
  by 2027. That's from Wells Fargo.
• 3:39
  Here's the key driver. And this is going to make really
• 3:42
  good sense. There's a couple gold bars.
• 3:44
  You're probably looking at a few of those right now in your
• 3:47
  basement, It says Wells Fargo believes the ongoing there they
• 3:53
  are stealing our term again. Debasement trade of central bank
• 3:58
  selling Fiat currencies for an alternative safe haven could
• 4:02
  buoy gold prices to new highs. We we are in the 4th debasement
• 4:10
  cycle that started in 2022. That's according to Oshun Kwan.
• 4:16
  He said following the recent pullback, gold is now closer to
• 4:20
  our models fair value of 4500 and all three drivers are likely
• 4:25
  to suggest further debasement from here.
• 4:29
  This is where it gets interesting.
• 4:31
  They they hot highlighted that four out of five economic
• 4:35
  scenarios indicate further debasement.
• 4:38
  They did. They did have one out of five
• 4:40
  scenarios that had gold going to 4000, but 80% of their scenarios
• 4:45
  had gold going much higher. The current debasement cycle was
• 4:49
  triggered in 2022, the same year that Russia invaded Ukraine and
• 4:54
  the US began hiking interest rates, which led to central
• 4:57
  banks increasing their gold holdings.
• 5:00
  OK, prior debasement cycles were observed during the Great
• 5:06
  Depression. A lot of people think that the
• 5:08
  situation we're in right now has some eerie similarities to the
• 5:12
  Great Depression when president. Also when President Richard
• 5:16
  Nixon ended the dollars convertibility to gold in 1971,
• 5:21
  that was the second debasement cycle.
• 5:23
  And even during the wars and the recessions of the early 2000s.
• 5:29
  So now we're in the third cycle. This is where it gets real
• 5:32
  interesting. Kwan explained that debasement
• 5:35
  cycles last 8.5 years on average and there were not even halfway
• 5:42
  through the current cycle, which is only 3.5 years now.
• 5:47
  Then of course, Ray Dalio, founder of Bridgewater
• 5:50
  Associates, like the world's biggest hedge fund, he has to
• 5:53
  pipe in because he's been issuing multiple warnings
• 5:56
  related to the US economy amid record that in the devaluation,
• 6:01
  the debasement of Fiat currencies.
• 6:04
  Ray says that while markets believe factors like central
• 6:08
  banks buying gold, geopolitical clashes and individuals
• 6:11
  investors piling into precious metals were the only reasons
• 6:15
  that pushed gold and silver prices to all time highs.
• 6:20
  Dalio said in the January ex post that the gold rally was
• 6:24
  primarily a result of Fiat currency losing real value.
• 6:29
  And guys, that's the big thing. Everything else is noise.
• 6:34
  The Straits of Hormuz, the news from the Hormuz is noise, right?
• 6:39
  All these different things that people talk about and sure, we
• 6:43
  pay attention to them, those, but they're mostly noise to 1°
• 6:47
  or another. The bottom line is gold and
• 6:51
  silver will be driven by the debasement of the US dollar by
• 6:56
  real interest rates going further and further negative.
• 6:59
  OK. And how does that happen?
• 7:01
  Because inflation, right, which is the same thing as loss of
• 7:05
  value, debasement of the dollar as inflation goes higher and
• 7:10
  higher and higher. And darn it, there was a great
• 7:13
  list I wanted to share with you. I forgot to pull it up, but it
• 7:16
  showed that just since the start of this war in the Middle East,
• 7:20
  the prices of everything have gone up 3540.
• 7:23
  Like major components, maybe not at the grocery store just yet,
• 7:28
  but fuel, all types of minerals, all types of things that are
• 7:31
  used in manufacturing have gone up. 3540, five, 50%.
• 7:35
  The inflation is the basement of the dollar, and the US
• 7:39
  government cannot raise interest rates like they did in the 1970s
• 7:44
  to fight that inflation because the debt level is so high.
• 7:48
  Let's look at a crazy chart. I almost didn't share this with
• 7:52
  you. This looks like one of my high
• 7:55
  school geometry problems. But silver trade shared this.
• 7:58
  I think it officially came out from the happy Hawaiian.
• 8:02
  He said silver's back above the 50 day moving average.
• 8:06
  We may be dealing with that more tomorrow as we see how the
• 8:10
  silver market transpires above the 150 hour EMA and the gold to
• 8:18
  silver ratio broke below the 50 day moving average.
• 8:22
  So let me just tell you that the happy Hawaiian who generated
• 8:26
  this chart is one of the smartest guys out there.
• 8:29
  And as we look at this chart and all those different lines, just
• 8:34
  believe me, that means that the that the silver price is going
• 8:38
  much, much higher. Now on a much simpler terms,
• 8:41
  let's look at what our friend Rashad pointed out.
• 8:44
  And this is Silver's gigantic five month formation is in
• 8:48
  breakout mode. He's expecting $200 plus silver
• 8:53
  price by summer 2026. And look at this.
• 8:57
  Yeah, this goes all the way back to October of 2025.
• 9:03
  And again, right, another massive, the wedge triangle
• 9:08
  pattern, whatever you want to call it, that we have broken out
• 9:11
  of. Now what I want to point out and
• 9:13
  what we have talked about many times here in the basement is
• 9:16
  the importance of this number right here, $72 silver.
• 9:23
  OK, now we're up in this range. Now I know we're down $2.00 per
• 9:26
  oz tonight. It's horrible.
• 9:27
  We don't like it. Oh, guys, so critical.
• 9:31
  We we remember silver and gold, but silver in particular will be
• 9:36
  volatile and we are way, way above.
• 9:40
  I've looked at all the charts, I know all the data.
• 9:43
  And I'm telling you right now, the line in the sand is $72 to
• 9:48
  continue this epic bowl run that we are in.
• 9:51
  And let's go out and check. Let's go out and check.
• 9:56
  Oh, silver's only down $1.70. Now we're at 7925 in the spot
• 10:02
  market. We are sitting really in a
• 10:05
  great, great, great spot when it comes to the silver price and
• 10:08
  the gold price as well, right, $4750 per oz.
• 10:13
  Next, we're going to talk about interesting data coming out
• 10:17
  regarding the silver lease rates.
• 10:19
  Before we do that, I do want to say thank you to channel sponsor
• 10:23
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• 10:25
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  There's actually 1. Hold on, but further up north,
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  oh, there it is. They have Atlin, Thorne, Hog,
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  projects, Spring Pole in Ontario, Du Parquet located in
• 11:30
  Quebec. You can learn more about them at
• 11:33
  firstmininggold.com. Let's look at the silver lease
• 11:37
  rates. This is getting interesting.
• 11:40
  All right. This is something that we
• 11:41
  haven't talked about for about two months, but our friend Carl
• 11:44
  Merx brings up right on Friday, the one month silver lease rate
• 11:49
  is back above the 30 day average.
• 11:52
  What stands out about this is how quickly the lease rate rises
• 11:56
  when silver goes up. That is a strong sign that the
• 12:01
  silver bull market is not over. We are not going to call.
• 12:05
  We're not going to get worried guys until we get to a silver
• 12:09
  price that approaches $72 per oz, OK?
• 12:12
  Are you with me on that? Right.
• 12:14
  Remember, and I'm not saying we are going to get there and if we
• 12:18
  get to 72 and we go down below that maybe 66, OK.
• 12:22
  I'm more excited about the prospects for the summer where I
• 12:25
  I'm in the camp that yes, we could definitely see silver
• 12:29
  break above 100 in these predictions coming from multiple
• 12:34
  sources of silver potentially having like a massive breakout
• 12:38
  over the summer are not out of the question either as well.
• 12:43
  One more from Rashad. Let's talk about the horizontal
• 12:46
  lines that everybody's talking about.
• 12:49
  We've got the, we've got the much talked about wedge pattern,
• 12:54
  excuse me, that the silver price broke out of, but Rashad put out
• 12:59
  yesterday. Silver's first target reached at
• 13:01
  $8083, next one is at $90.00. These are the horizontal
• 13:07
  resistance levels that are critical for silver to get
• 13:10
  through again in that March up to new all time highs.
• 13:14
  The horizontal resistance levels are more important than anything
• 13:20
  because that's where you've had a lot of sellers in the past
• 13:23
  and, and buyers who may be looking to get out.
• 13:27
  But once we clear those levels, we got some pretty, if, if you
• 13:31
  look on this chart, right, maybe there's a little bit of
• 13:34
  resistance there around 95, but basically there's, there's, this
• 13:39
  is a big space. Oh yeah, big space with a :),
• 13:45
  that's not a really good :), but you get the point.
• 13:48
  We got a lot of room where we can move up.
• 13:51
  Let's go to the Kobesi letter and and and get and get some
• 13:57
  strong reasons why they are optimistic about what is
• 14:02
  happening in silver right now. And I want to point this out.
• 14:04
  The Kobe CI can't pronounce it anyway.
• 14:08
  These guys, they have almost 2 million followers, 2 million,
• 14:12
  OK. And they're not a metals
• 14:15
  specific news source, OK? They are they call themselves
• 14:19
  industry leading commentary on the global capital markets,
• 14:23
  right. So and now here's let's just
• 14:25
  read it. I had to highlight this whole
• 14:27
  thing in silver. The silver market is heading for
• 14:30
  a six consecutive annual structural deficit.
• 14:33
  The global silver deficit is projected to widen by 15% year
• 14:38
  over year in 2026 to 46,000,000 oz.
• 14:41
  Since 2021, global silver stocks have been depleted by a
• 14:46
  cumulative 762 million Troy oz, raising the risk of another
• 14:53
  liquidity crunch in physical silver markets.
• 14:56
  This guy since 2021, right the above ground, the slush fund,
• 15:01
  the rainy day fund of silver has been depleted by the pretty much
• 15:06
  the equivalent of one whole year's worldwide silver mine
• 15:11
  output. And this all comes as industrial
• 15:14
  fabrication is estimated to fall, Oh my gosh, 3% year over
• 15:19
  year to a four year low with the Iran war wearing on global
• 15:23
  growth wearing on global growth and threatening further demand
• 15:27
  losses. But coin and bar demand is
• 15:30
  expected to rise 18% year on year, supported by a recovery in
• 15:36
  US purchases, offsetting the industrial weakness.
• 15:40
  Meanwhile, total global silver supply is projected to decline
• 15:45
  2% year on year as minors pull back on production commitments
• 15:49
  made during the last year's price surge.
• 15:54
  The silver market has almost never been this tight.
• 15:59
  The key thing to remember here, this is coming from Kobisi.
• 16:04
  They are super respected in the global financial markets with
• 16:09
  almost 2 million followers. And here's the here's the
• 16:13
  picture. There's the pretty picture,
• 16:15
  right, the bottom down here. And then you can see this year's
• 16:18
  deficit. Those that's the silver deficit.
• 16:21
  That's the world borrowing from the future when it comes to
• 16:26
  silver. And you know what?
• 16:28
  Let's do a quick, fun little video.
• 16:30
  Fun reminder from Gold Silver that Silver did make history.
• 16:35
  OK, that. Well, here we go.
• 16:37
  I'll let I'll let our friend from Gold Silver share this with
• 16:40
  you. Hold on now.
• 16:44
  We were on the right screen. OK, here we go. 15 seconds
• 16:47
  actually. Had 10 consecutive months of a
• 16:51
  higher close. And.
• 16:53
  I don't know if you guys know this, but that's a record that
• 16:56
  has never happened before in the history of silver, not even
• 16:58
  during the 1970s bull market. Yeah, we are in a bull market
• 17:04
  for silver like we've never, ever experienced before.
• 17:09
  Next up, this is interesting. Did you know this American, more
• 17:13
  Americans, I want to dig into this now own more Americans own
• 17:18
  Bitcoin than gold. 50 million Americans own Bitcoin versus
• 17:23
  only 37 million that own gold You can see over here right
• 17:28
  there's gold and here's Bitcoin. My question though is this those
• 17:36
  are the number of Americans. How much money I would I would
• 17:41
  suspect that the amount of money that Americans owning gold is
• 17:44
  hot much higher than that of Bitcoin.
• 17:47
  And on top of that, right, that shows us that shows us how much
• 17:55
  opportunity we have when everybody else wakes up the
• 17:58
  silver, I'd like to see it on silver as well, right?
• 18:00
  I bet, I bet the silver numbers are even lower.
• 18:03
  How much opportunity? Remember, it's crazy.
• 18:06
  We looked at this yesterday when it comes to like gold holdings
• 18:10
  in the world, India and China households, the people, not the
• 18:16
  government's or their central banks, their households combined
• 18:20
  own around 60,000 metric tons of gold.
• 18:24
  There's only 220,000 metric tons of gold in the whole world.
• 18:29
  OK, that's like 34%, I don't know, 33, whatever it is 32%,
• 18:34
  you get my point. Those are just Indian and and
• 18:38
  Chinese households. When Americans wake up, which
• 18:41
  were supposed to still be the wealthiest country in the world,
• 18:44
  it could be like a a wave of new people, right of demand for gold
• 18:50
  and for silver as well. So we'll keep a close, close eye
• 18:53
  on that. Now let's start.
• 18:54
  This is great. This is great.
• 18:56
  Talking about gold. And when we talk about gold,
• 18:58
  guys, we're talking about silver as well.
• 19:01
  Northstar, I didn't realize this was the case.
• 19:04
  The US dollar is a massive illusion.
• 19:08
  Step outside the matrix and price everything in gold.
• 19:11
  You'll be amazed if you do that with house prices.
• 19:15
  Trust me. OK, but check this out.
• 19:17
  This chart is super interesting. OK, It shows the NASDAQ.
• 19:23
  OK, in this century it starts down here.
• 19:26
  Oh, right, around 1999. So this was the tech bubble.
• 19:30
  The green line is the NASDAQ. You can see up here in the upper
• 19:34
  right corner priced in U.S. dollars, right, nominal U.S.
• 19:38
  dollars since since the tech bubble that was about right
• 19:41
  here, you know, the NASDAQ went down.
• 19:44
  And then as you can see where my red line is priced in U.S.
• 19:46
  dollars, the NASDAQ went up. But if you price the NASDAQ over
• 19:53
  that period of time in gold, that's the black line priced in
• 19:59
  gold since the tech bubble burst, right?
• 20:03
  Or since the start of the century, the NASDAQ is down 65%.
• 20:12
  So there's a big difference between nominal returns, real
• 20:16
  returns, and returns that are actually priced in gold, priced
• 20:21
  in gold. OK, and now let's go to this.
• 20:24
  Let's just talk about some doom and gloom that's out there right
• 20:27
  now in the US economy number one and I've been meaning to share
• 20:31
  this with you for a couple weeks, but this is astounding
• 20:35
  right to show us what's happening in the US housing
• 20:38
  market. This comes from bar chart says
• 20:40
  breaking U.S. housing market home sellers now home sellers
• 20:45
  now outnumber buyers by 630,000, the largest gap ever recorded
• 20:52
  ever. OK, there's sellers over here
• 20:55
  and heck, this goes back what, all the way to 2012, OK, and you
• 20:59
  can, especially after C-19, the red line are buyers.
• 21:05
  The buyers were much, there were a lot more buyers than sellers
• 21:09
  now. OK, over here, you've got
• 21:12
  sellers way up here. What about 2 million people
• 21:15
  looking to sell houses and only about 1.4 million looking to buy
• 21:22
  houses? That is the biggest discrepancy
• 21:26
  where we've had more sellers than buyers in history.
• 21:29
  And then we get this from the New York Times.
• 21:32
  And this is going to tell us everything we need to know about
• 21:36
  where gold and silver are going. Hold on here, here we go from
• 21:43
  the New York Times. The Middle East war will slow
• 21:46
  global growth, the global economic growth.
• 21:49
  That's from the IMF. The IMF, right?
• 21:52
  Who's paid to be optimistic. The conflict could also fuel
• 21:55
  another bout of inflation, according to the International
• 21:58
  Monetary Fund. All right, there we go.
• 22:01
  There's a shipping container that's not going.
• 22:04
  IMF projection showed a global economy that was stopped in its
• 22:08
  tracks by the US war in Iran. I want you to think about this
• 22:13
  and why, and that's from Alan whoever, OK, I want you to think
• 22:16
  about this and why this is so important.
• 22:19
  We know, we know that the worldwide economy is slowing.
• 22:24
  Those of you who are in the United States, like me, we may
• 22:27
  not be feeling it as much, but Europe, which is massive when
• 22:31
  you combine them all together, China, Asia, they are being much
• 22:36
  more massively impacted by what is the biggest energy crisis in
• 22:41
  the history of the world from what I'm hearing, way bigger
• 22:45
  than what happened in the 1970s. So we've got major stress on the
• 22:49
  world economy, OK, Again, when you factor in right, how this
• 22:54
  this is having a major impact in Asia and Europe and that will
• 22:57
  impact the United States, a slowing economy.
• 23:01
  And at the same time, like they said and like I talked about
• 23:04
  earlier, all the the prices of all the inputs into everything
• 23:09
  that we consume in the world are going up through the roof
• 23:12
  because of what's going on. We also have inflation.
• 23:16
  So we have a slowing world economy and we have inflation
• 23:20
  taking foot in the world. That is stagflation, stagnant
• 23:26
  economy with inflation. There's nothing that central
• 23:31
  banks can do about it, and they're even more neutered.
• 23:34
  Now look again during the 1970s, we went through a period of
• 23:38
  stagflation in the United States.
• 23:40
  During that time period, the price of silver went from $1.50
• 23:45
  all the way to $50 per oz, and everybody blamed it on
• 23:50
  stagflation. Oh, there was a war in the
• 23:52
  Middle East. There was an energy crisis,
• 23:54
  excuse me, Very similar to what we are experiencing right now,
• 24:00
  except now we went into this in much worse condition than we did
• 24:05
  in the 1970s. Paul Volcker raised interest
• 24:09
  rates to 15%. They can't raise interest rates
• 24:13
  to 15% now, not when there's $40 trillion in national debt.
• 24:18
  They are in a box like nothing before.
• 24:21
  I'll get them out for you. OK, Hold on here.
• 24:24
  Let's get them out. It's been a while and he's going
• 24:27
  to be going bye bye soon. We're not supposed to open this,
• 24:29
  but we will, right? We talked about this guys.
• 24:32
  I'm not taking a victory lap. We talked about it together for
• 24:36
  the last three years. The reason why I put your own
• 24:39
  Powell in a box was because of stagflation, A recession, an are
• 24:44
  for recession and an eye for inflation.
• 24:48
  Go back and check. We talked about it.
• 24:50
  We said it was coming. We knew it was coming.
• 24:52
  It's here now. And when there's stagflation,
• 24:55
  the central bankers can't do anything.
• 24:59
  Because think about it, if they want to fight inflation, right,
• 25:03
  they got to raise interest rates, which they can't really
• 25:06
  do right now anyway, right? But if they raise interest
• 25:09
  rates, right, that makes the recession worse.
• 25:11
  And if the recession gets worse, then all they can do is cut
• 25:14
  rates. But if they cut rates, that
• 25:16
  makes the inflation worse. Do you see?
• 25:18
  They're literally in a box, right?
• 25:21
  It's the worst nightmare for any central banker.
• 25:25
  I'm telling you, if we got on a bus or a train or a plane and
• 25:29
  went to Washington, DC and walked up outside the Federal
• 25:32
  Reserve as close as they let us get and screamed stagflation,
• 25:36
  they'd all come scattering out of the building like scared
• 25:39
  mice. They hate that word.
• 25:41
  They hate the notion of stagflation, and there's nothing
• 25:45
  they can do. And we are in is so critical for
• 25:48
  us to remember right. Yes, I can hear you others
• 25:53
  upstairs, Susie, everybody say hi to our good friend upstairs.
• 25:56
  Susie. They, they, they can't, they're,
• 26:00
  they're, they, are they, they? It's, it's a situation,
• 26:05
  unfortunately, where there's going to be some challenging
• 26:10
  times at the Federal Reserve and in the United States economy.
• 26:14
  And it's going to result in much, much higher gold and
• 26:17
  silver prices. Upstairs, Susie alerted me.
• 26:20
  We got a super chat. Let's see who's going to be
• 26:22
  famous on the Internet tonight. It's going to be all right.
• 26:26
  Our good friend Dave Russo. Hello, Ron and Susie, greetings
• 26:30
  from Long Beach, CA, where the Grand Prix has just concluded.
• 26:35
  Had a great time to add to my What a great time to add to my
• 26:39
  silver stack, our good friend Dave.
• 26:40
  Dave, Wait a minute, Dave, you're famous on the Internet.
• 26:45
  You're famous in the basement. All right, guys, it's going to
• 26:48
  be a wild, wild ride. Remember, volatility is part of
• 26:53
  the game when it comes to silver in particular, OK, There's going
• 26:57
  to be big UPS, big downs. Where are we going to be a year
• 27:02
  from now? Where are we going to be 5 years
• 27:05
  from now? Where are we going to be 10
• 27:07
  years from now? I know where we're going to be.
• 27:10
  We're going to be down here in the basement together because
• 27:12
  you're going to hit that subscribe button, which is free.
• 27:15
  Please subscribe. And we're going to be smiling 10
• 27:18
  years from now about where the metals markets are and that we
• 27:22
  made that decision to protect ourselves with silver and gold.
• 27:27
  Remember, we cannot, don't, don't drive yourself crazy
• 27:31
  trying to understand what you know.
• 27:34
  Of course, we want to follow the news.
• 27:36
  What's happening? And we don't like war.
• 27:38
  Nobody likes war. I mean, I I was out working
• 27:40
  earlier today trying to fix a leak in our roof and I thought I
• 27:44
  was complaining and you know, I'm 56 years old hauling around
• 27:48
  a ladder and and but I thought, wow, at least I'm not worried
• 27:50
  about a bomb or a bomb or a missile coming down and and
• 27:53
  hitting us. But there's going to be major
• 27:56
  Volo. The point I was trying to make.
• 27:58
  Sorry, I am getting a little older is I think the best we can
• 28:02
  do is accept the fact that there's going to be a lot of
• 28:06
  uncertainty. My prediction this could go on
• 28:09
  for a little bit lot bit longer than most people realize with
• 28:14
  what's going on in the Middle East.
• 28:15
  I mean already right the straight the the Straits is the
• 28:19
  Strait of Hormuz is open. It's closed.
• 28:21
  It's open, it's closed. We're going to I'm hearing
• 28:23
  reports. I don't even know.
• 28:25
  You can't follow. You don't know what to believe
• 28:27
  that they're going to have negotiations on Monday and where
• 28:31
  Turkey I think it is. And then no, they're not.
• 28:34
  And Iran says, no, we're not coming.
• 28:35
  But Iran, the, our government says they are coming.
• 28:39
  Big, big threats coming from Washington, DC toward Iran.
• 28:43
  It's just, it's absolutely too much for any one person.
• 28:48
  And, and the reality is we don't really, really know what's going
• 28:51
  on. So for Peace of Mind, I think
• 28:54
  what we do is realize there's a lot of uncertainty out there,
• 28:58
  but realize also remember gold and silver love uncertainty and
• 29:03
  gold and silver have seen this before many, many times over
• 29:07
  thousands of years and have done very, very well.
• 29:10
  Hey, thanks for joining me down here in the basement.
• 29:13
  It's a big deal. We appreciate you.
• 29:15
  Have a great night. Thank you, Dave again for the
• 29:17
  Super chat. Be good and I'll see you.
• 29:20
  Yep, we see you and we'll see you next time.
• 29:23
  Bye bye.